ST MArrHEW'S CHURCH, FULHAM
ANNUAL REPORT AND OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31ST DECEMBER 2020
Adminlstrative inforniation
St. Matthews Church is situated in Wandsworth Bridge Road, Fulham. It is part of the Diocese of London
within the Church of England. The correspondence addre88 18 St Matthew'8 Church, Wandsworth Bridge
Road, London SW6 2TX. The PCC 18 registered charity 1165338.
PCC members who have served from 1 St January 2020 until the date this report was approved are:
Incumbent .'
The Rev'd William Rogers (Chairman)
Sue Pierson (Deaconess)
The Rev'd Katherine Miller (Curate) ( to 23 August 2020)
Wardens .'
Steve Howard
Tim May
Representatives on the Deanery Synod..
Marion Machin ( to 21 October 2020)
Julie Reynolds
Elected members."
Chas Avella
Barbara Dafnides
Louise Docker
Sharon Lemon ( from 21 October 2020)
Luke Marlow ( to 15 February 2020)
David Strange
Minutes secretary."
Pam Tetlow (to 21 October 2020)
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church
attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Objectives and Activities
st Matthews PCC has the responsibility of co-operating with the incumbent, the Rev'd William Rogers, in
promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and
ecumenical. It also has maintenance responsibilities for the Church building in Wandsworth Bridge Road
and the Vicarage Room and intemal upkeep of the Vicarage and 2a Clancarty Road, Fulham.
Achievements and Perforniance
The full PCC met seven times during the year, either in person or via video meeting with an average level
of attendance of over 75 %
Katherine Miller, part~time curate, started matemity leave from 23 August 2020 and took temporary leave
from the PCC which she will rejoin in 2021. She is funded jolntly by St Matthew's and the Diocese. Partial
funding for our youth work continued to be provided by grants thanks to the generosty of Fulham YMCA.
We continued to employ Sharon Rogers as a part time church administrator. Laura Hicks left her post on
31 July and was replaced as part time youth worker by Josh Ananda-Rajan who is also running the weekly
Mosaic group for older teenagers and supporting the Vicar whilst the curate is on matemity leave. Josh is
studying at bible college and joined St Matthew's on an initial one-year contract.
We are grateful to our employees for their services and to all the other volunteers who do so much to
enable St Matthew's to function as a welcoming worship community and to serve the local community.
During the Covid-19 pandemic St Matthew's continued to provide weekly services either in church when
this was allowed or via live streaming, without any interruption. Members gathered even more frequent
for online prayer meetings and many small groups were able to continue, also online.

ilst some activities and groups, notably Matts Tots were unable to continue, every effort was made to
ensure that isolated and vulnerable people in our thurch community and outside in the parish were
contacted, supported with essential food deliveries and 80 forth.
Services were able to resume in church after a break of several months but with Covid restriction8 Still in
place and many people unable or unwilling to attend in person we continued to livestream services and
intend to continue to do so in the future even after restriction8 are removed completely. An additional
moming service for young families was introduced and proved to be 8ucce8sful.
Sadly, events we had planned in recognition of the 125th anniversary of St Matthew's had to be postponed
but we will decide how to celebrate in 2021 and beyond. Some of our nonnal Christma8 activities such as
the Seniors, Christmas Lunch had to be cancelled but we delivered Christmas Lunch boxes to many
people and held a socially-distanced, ticketed Carol service which was enjoyed by many both in person
and online.
At the time of signing this report the UK vaccination programme is progressing very well and the country
is undergoing a series of carefully monitored relaxations of lockdown. We are hopeful for the future, we
moum for those we have lost and with those who have suffered during this difficult year and we are
thankful to God for his mercy and for the resilience he has given our church and community.
Financial Review
In a difficult year we were grateful to all thosè who continued to support st Matthew's Church so_
generously. Income was restricted as we were unable to allow organisations to rent the church building.
Fulham YMCA had to stop their monthly grant payments for several months but recommenced them by
the end of the year. Some members of the congregation were forced to reduce their regular giving but
others increased their contributions and some members gave regularly for the first time.
Total receipts on general unrestricted fund were £100,070 (2019 ~ £108,24n as detailed in the Financial
statements. Legacy income was nil (2019- £64).
£105,881 (2019 - £102,452) was spent from general funds to provide the Christian ministry from St
Matthews Church. Expenditure included £65,208 (2019- £62,400) contribution to the diocesan Common
Fund which provides the stipends and housing for the clergy. Expenditure savings were made where
possible without affecting the provisions of services and additional costs of -£10,000, some of whlch are
non-recurring, were incurred in order to enable live streaming of services.
Unrestricted fund receipts in 2020 included an exceptional donation of £15,000. Rental income ceased
completely after Covid-19 lockdown and other income was negligible. Overall, regular giving decreased
but only by around 1 % .
We were pleased to be able to meet ourcommitment for a 4.5 % increase in common fund butthis required
some depletion of reserves. We have committed common fvnd at the same level in 2021. We are able to
do this because we expect to receive a share of the proceeds of the sale of the former St Michael's
building. The precise amount we will receive is currently uncertain.
The net result was overall a general fvnd deficit~of £10,560 (2019 - deficit of £3,505). PCC decided to
continue to distribute 12.5 % the percentage of receipts from church members distributed to our mission
partners. After this reallocation the net result was a deficit of£22,969 meaning that the general fund dosed
2020 at £50,331.
Reserves policy
It is PCC policy to maintsin an adequate balance on unrestricted funds, which would enable the Church
to cover any emergency situations that may arise unexpectedly. The balance on unrestricted funds at the
year-end was £687,807 (£98,396 exduding assets held for church purposes) and we are thankful to God
for his goodness.
It is our policy to invest our fvnds balances with the CBF Church of England Deposit Fund.
d by the Parochial Church Councll on 12 April 2021 and signed on their behalf by Rev'd
ogers (PCC Chalmian)
Appro

Parochial Church Council of St Matthew's, Fulham
Statement of Financial Activities
For the year ended 31 December 2020
Registered Charity number 1165338

Parochial Church Council of St Matthew's , Fulham
Statement of Flnanclal Actlvltles
For the year ended 31 December 2020
Unre8tricted Restricted
Funds
Funds
TOTAL
TOTAL
FUNDS 2020 FUNDS 2019
Notes
Incoming Resources
Voluntsry Income
Activities for generating funds
Income from Investments
Church Actlvities
2a
2b
99,200
1,840
501
417
99,200
1,840
601
417
92,280
14,513
241
1,213
108,247
2d
Total
101,958
101,968
Resources expended
Church Activities
Costs of generating voluntary income
3a
3b
132,852
37
132,852
37
110,557
65
Total
132,889
132,889
110,622
Net incomel(expenditure)
Transfer tol(from) funds
Other recognlsed galnsl(losses):
Gains and losses on revaluation of fixed assets for
the charity's own use
Net movement in funds
-30,931
40,931
-2,375
40,931
40,931
-2,375
Reconcillation of funds:
Total fvnds brought fO￿ard
718,739
320
719,069
721,434
Total funds carrled forward
687,808
320
688,128
719,059
Page 2

Parochial Church Council of St Matthew's , Fulham
BALANCE SHEET AT 31 December 2020
Notes
2020
2019
Fixed assets
Tangible assets
10
660,000
650,000
Current assets
Debtors and Prepayments
Cash at bank and in hand
3,701
36,819
40,620
22,624
47,559
70,183
Creditors: amounts falling due within one year
Net Current Assets
-2,392
38,128
-1,124
69,059
Total assets
688,128
719,059
Funds of the charlty
Restricted funds
Unrestricted funds
320
687,808
320
718,739
719,059
11
688,128
Approve
bythe
arochial Churth Council on 12 April 2021 and signed on its behalf
ers
ai
an
The notes on pages 4 to 8 fomi a part of these financial statements.
Page 3

Parochial Church Council of St Matthew's , Fulham
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2020
1. Accounting policies
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared
under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the
individual accounts of PCC, and with the Regulations Irue and falr view, provisions. The accounts have been
prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement
of Recommended Practi￿, Accounting and Reporting by Charities (SORP(FRS102)).
ASSETS
Fixed Assets
Consecrated and benefi￿ propety is not included in the accounts in accordance with section 10(2) (a) and (c)
of the Charities Act 2011.
Fixed assets retained for church use is the freehold property "The Vicarage Room" per note 10.
Short temi deposits
These are the cash held on deposit either with the CCLA or at the bank.
Current Assets
Amounts owing to the PCC at 31 De￿mber in respect of fees, rents or other income are shown as
debtors less provisions for amounts that may prove uncollectible.
Short-term deposits indude cash held on deposit either with the CBF Church of England Funds, or at
the bank.
FUNDS
Unrestricted Funds
These represent the remaining income fvnds of the PCC that are available for spending on the general purposes
of the PCC, including amounts designated by the PCC for its own use or for spending on a future project and
whith are therefore not induded in its "free reserves" as disclosed in the trustees, report
Restricted Funds
These are income funds that must be must be spent on restricted purposes and details of the funds held
and restrictions provided are shown in the notes to the accounts.
Incoming resources
Planned giving, collections and similar donations are recognised when received. Tax refvnds are recognised when
the incoming resour￿ to which they relate is received. Grants and legacies are accounted for when the PCC is
entitled to the use of the resources, their ultimate receipt Is considered reasonably certain and the amounts due are
readily quantifiable. Interest is accounted for as and when accrued by the payer. All incoming resources are
accounted for gross.
Resources expended
The diocesan parish share expected to be paid over is accounted for when you all other expenditure is generally
recognised when it is incurred and is accounted for gross.
Page 4

Parochial Church Councll of St Matthew's , Fulham
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 December 2020
2. Incoming Resources
Unrestricted Restricted
Fund8
Fund8
TOTAL
TOTAL
FUNDS 2020 FUNDS 2019
Notes
a Voluntary income
Planned giving
Collections at all Services
Sundry donations and appeals
Legacies
Grants
Income tax recoverable
53,234
1,161
20,953
63,234
1,161
20,963
55,963
3,572
8,885
7,057
16,795
99,200
7,067
16,795
99,200
9,173
14,623
92,280
b Activities for generating funds
Lettings of church buildings
Rentsl of Vicarage Room
340
1,500
340
1,600
11,013
3,500
14,513
1,840
1,840
c Income from Investments
Interest on Deposit Account
501
501
241
501
501
241
d Church Activities
Fees from weddings etc
417
417
1,213
417
417
1,213
Total incoming resources
101,958
101,958
108,247
Page 5

NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 December 2020
3. Resources expended
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
FUNDS 2020 FUNDS 2019
Notes
a Church Activities
Ministy costs - DI0￿$an parish contribution
Ministy costs - Other dergy costs
Ministy costs . Pastoral assistant salaries
Ministy costs - Vicarage expenses
Church running expenses
Churth decoration expenses
Church maintenance
Vicarage room running expenses
servi￿ and teaching expenses
Missionary and charitsble giving
Other expenses
65,208
9,949
13,781
41
10,488
10,722
139
1,702
4,082
16,687
53
66,208
9,949
13,781
41
10,488
10,722
139
1,702
4,082
16,687
53
62,400
11,179
11,566
228
10,777
3,362
1,461
3,318
5,387
529
350
132,852
132,862
110,557
b Raislng funds
Stewardship costs
37
37
65
37
37
65
Total expenditure
132,889
132,889
110,622
4. Staff costs
2020
2019
a Wages and salaries
13,781
11,566
The PCC employed a bible teacher for 11-18 year olds on a part-time for part of the year at a cost of £2,793. This person
also covered Some tssks of the curate who was on maternity leave from September 2020.
A church administrator, also on a part time basis was employed throughout the year at a cost of £6,732. This employee
is the spouse of the incumbent The administrator was pla￿d on fvrlough for part of the year and £1,888 was claimed
from the Governmenfs Covid-19 Job Retention Scheme in respect of this. This is disclosed as grant income.
The curate is employed by the Diocese and the PCC made a contribution of £4,256 towards her costs of employment
There were no employee benefits to key management personnel in the previous or current years.
5. Related Partles
A small and immaterial portion of the expenses paid to the incumbent may have related to his ServI￿S as
Chaimian of the PCC.
No other payments or expenses were paid to any other PCC member, persons closely connected to them or
related parties except as disclosed in note 4.
Page 6

NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 December 2020
6. Grants
2020
2019
Fulham YMCA re St Matthews Mission
Charlotte Sulivan Charity
HMRC Job retention Scheme
4,669
600
1,888
7.067
9,173
9,173
7. Analysis of Net assets by fund
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
FUNDS 2020 FUNDS 2019
Fixed assets
Current assets
Current liabilities
650,000
40,520
-2,392
688,128
650,000
40,520
-2,392
688,128
650,000
70,183
-1,124
719,059
8. Debtors
2020
2019
Gift aid tax recoverable
Income tax & national insurance recoverable
Rental income accrued
Prepayments
3,201
14,544
6,580
1,000
500
22,624
500
3,701
9. Creditors . amounts falling due within one year
2020
2019
Accruals for service and administration fees
2,392
2,392
1,124
1,124
10. Tangible Fixed Assets
Freehold land & buildings
Total
At the beginning of the year
Additions
Revaluations
At the end of the year
650,000
650,000
650,000
650,000
'The Vicarage Room" 2b Clancarty Road, on the site of St Matthews vicarage, was converted from a church hall
into a dwelling during 2018 and is now used to house a youth bible teacher and to provide some rental income.
The last market valuation of the property was obtained in December 2018.
Page 7

NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 December 2020
11. Statement of funds
Bal blfwd
1 Jan 2020
Income
Expenditure Transfers,
Bal clfwd
other gains 31 Dec 2020
and losses
Unrestricted Fund
General fund
Designated - Vicarage Room revaluation
Designated - CMS
Designated - Tear Fund
Designated - Care for the Family
Designated - Hammersmith & Fulham Foodbank
Designated - Building
Designated - STMF Mission
73,300
589,411
6,214
3,225
3,108
3,118
6,719
33,644
97,209
-107,769
-12,409
60,331
589,411
3,763
1,882
1,882
1,882
9,689
28,968
4,214
-3,225
-3,108
4,118
-30
-9,425
3,763
1,882
1,882
1,882
3,000
4,749
718,739
101958
-132,889
687,808
Restricted Fund
Restricted - CPAS
Restricted - Lan￿ Pierson
Restricted - CMS
Restricted - Tear Fund
10
310
10
310
320
320
Total funds
719,059
101,958
-132,889
The restricted funds represent fvnds raised by church members and others (x>nnected with the churth to be
donated to mission partners to fvrther their christian objects"ves.
688,128
Page 8

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