ST MATTHEW'S CHURCH. FULHAM ANNUAL REPORT AND OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2023 Admlnlstrati¥e intomiati¢>n St. Matthews Churth is situated in W¥ThJs%srth BrKlge Road. Fulham. 11 is part ofthe Diocese d London within the Church of EnglaThJ. Thè tsjnès￿ndenc? ￿ldre&S is St Mat11￿￿S Church. Wandsworth Bridge Road, Lonthjn SIA6 2TX. PCC is regstered d￿rity 1165338. PCC Mem￿r$ have seNed fr￿n 11t Ja￿ary 2023 untilthtr daltr Ihis re[￿rt was apwoved are.. Rev'd WNiai) Rogets (Chaimwi) Sue Pierson IOeacx)ness) Rev'd Katherine Miller (Curate) (to May 14, 2023) Wardens." Tim May Representative on the Deanery Syn(xl.' Julie Reynohls Ele¢ted men￿eT8." Chas Avella Louise t)cthr (to May 14. 2W231 Sharon LenM)n David Strarye Mir7ules se¢ret8ry." Tim May Structure, gov•manc• and managèmont The method of apwn{n￿nt of PCC membets is sd oui in Ihe CIKJrth Representathon Rules. All Church attendees are encouraged to ￿lster ￿ the E18Ctoral Roll and sland lor eledion to the PCC. Objectives and Actlv511•s St Matth&rfs PCC has the responsbdity of co-cferaling with the inc¥mbent, Ihe Rev'd ￿liaM Rc¥Jer$, in promob.ng in the ecc￿￿831"Cal parish Ihe whole rThssic¥) of the ChLtrd). pastoral. evangelith"c, soaal and ecumeni¢xl. It also has maintenarKe respon&blilies for the Church bulding in Wandsworth Bridge Road and the Vicarage and ntemal upkeep of the Vicarage and 2a Ckncarty Road, Fulham. Achièvements and Performanc• The fvll PCC mat wght limes {￿n9 Ihe yew in person wdh an average level of altendatxe ofover 9P Kalherine Miller. parl-time oJrat$, sewved the pwsh unlil May when she c(¥rffierKed matemity leave prior to moving away from the parish in 2024. She was funded pinuy by St Malthevls and the Diocese. Partial funding for our youlh woth contsnued to be provided by grants thanks lo the generosity ol Fulham YMCA. We continued to emyoy Sharon Roger5 as a part t1￿ thurch administrator untl Marth when some ol her reSpOn￿b￿ltIeS were lakèn 0￿r by Brent to add to her role as part time youth worker. We are grateful to our empbyees for their serNi¢ts *KI to all the olher NDlunteers who do so m￿h to enab￿ St Matlhews to fund￿ a$ 8 pl*x of*wship and lo serve the W c(¥nmunity. St Matth*s services are all bve-streamed and we also mn somè stuty gri)ups ¢)nline 85 this option appeals lo many of th• corwjregation, parti(xJlarty during the winter. New house groups have been started and 811 our congTegation are eno)ur￿ed to be inVo￿ed in one al least. Annual e¥ents such as the Seni￿s. Christmas lunch Ihe carol service were Very su(xe55ftd. We are tlessed to have a flowishing group of younger thiljren and the Malts Pl4th"me groLbP njn by volunteèts frtsm our ￿ngregatiOn continues lo be a seThic8 to the conwnunty a s(wr¢e ol w friends. Sadty 8 numter of our sen¢or members passed away and ￿ vrill them and thetr omtrilxdion lo the community. Outreach lo loral people in Ca￿ homes for Ihe elderty and in sximary and secL￿dary ¥hwls for the youThJ remained a hi￿ prM)rity arKI members of the teadershy team were (esponsib￿ for many examples of Ihis. St Matlhews a#y￿ to Lv Ihere for ￿mmunity and to attend to tts needs. The churth's c(Jmmitment to hostw)g the H*nrYwsmith & Fvtham Foodbank c￿tin￿$ and is a b￿SsIng to us. Food Bank's offrces are in St MattW$ and fcod t￿llectiOn sess￿$ and advice surgeries are run fvjr a week in thechurth. Aswdl asltotwe rEt8in (J)n￿ti(￿s with other"nMSS1L￿ partn8rs"whL¥nwe support narri81ty. FlnancSal R•vl In 2023 ow uniestricted inc4Jme was approximatety £20,IYKJ h￿r than it was in 2022 lfrJures adjust8d for the £105,000 we received in 2022 as our share of the woceeds of the sale of Sl m￿ha￿lS). In 2023 we used some of the St Mthel's proceeds a prc4ert to replace our dd chairs wilh more ￿811Y slac*able ones which are more èa&ly set OLrt ￿ed away enabl•ig us to set up the W￿shIp aw for our F(x)d Bank sessions muth more easty 8week. Wt 8lso spent scwne money on necEssary works required in the Vicarage R¢Jom making rt feasit* to lel il to ￿￿-S1 Matthew's tenants on a eom8ici basi5 wtrwch ￿ expecl to be alle to do in 2024. Ovérall our ￿reStric1ed aThJ desonated funds fel by £27,690 ￿ the year which is a cause for some rKern. especially when. we able to in¢7ease our common fund contritr￿￿ by 3.5%, we are still some way fr(rfn being ablts to tover the crjmmon fiThl standard (ost. took some steps to reducè expwwliture ￿ere we CrA￿d and it is unffikdy we wll be *)le lo rePL￿e our curate forthe next few y•ars. FLtlham YMCA ¢onlinued to SUPFKJrt our youih work gr8nl8 and there was a hearteThng inuease in rental irMx)me rvHved for letling the churth buikling. Harrwnwilh & Fulham Foodbank. the main us8r of our ¢I￿r¢h I￿111￿ng is not charged renl a ddtsrate decasion of the PCC. We received one largé don81irm 1£15.rJxi) frc*n a non-menknr the parish reg￿ar gwing from supporters incTeaseiJ ft>r whth we are gratefil. However, the prw)rtkM of regular ￿vIng upon which we can claim gifiaid has reduwl somewhat. Weare slill tts) reliant ukN)n a fthv règutai givers who we a hNJh proporbon ol the tola and continue to en(x>w&Je wder in regular gNiNJ. There was no legacy inthme in r￿rrent or preceLfjThJ year. Expendilure induded £67,5￿ {2022 - £65,2Cfj} conlribLrtKm to the dw)cesan Cornnwjn Fund. whTrth provides the slipends armj IK)u$ing for the dewy as well as Contrit￿tIng to the ￿n1[a Se￿￿$. training for fulure ckngy etc W￿"Ch will supp(￿1 al wishes nu4¥ and in the future. The PCC mainlains the commitment to distribute a pTopcrftKJn ol feceipts (10% lor 20231 frixn membors to our missKJn partners. After this reairKAron and the transfer of£3.(KKJ lo Ihe buildi)g lund the net iesuh was the defial of £30,513 meaning that Ihe general fuThJ ck)sed 2023 at £69,887. Re5•rves policy 11 1$ PCC policy to Ma￿taIn an adequatè on unrestrKied fijnds. whith woukj enable the Church to coverany emergency sibjations thal may arise unexFecle(ly. The baLance on unrestricted funds al the yeai-end was £692,501 1£83.855 excluding assets hekl for thufch purposes - 2022 £121.2051 and we are thankfvl to God for his gocwJne5S. It is our polKy lo invesl our fvnds balan￿ with the CBF Chwth of Eryl8nd Dewsil Fund. Approved by the Parochlal chU￿h Counel on 12 klay 2024 and signed on thelr behalf by Rev'd Rogers IPCC Chalrman) Parochial Church Council of St Matth*s, Fulham Statement of Financial Activities For the year ended 31 December 2023 Registered Charity number 1165338 PaM¢hlal Chur¢h CO￿¢1 ofst matth￿5, F￿h• Staternent of Flnanclal Actlvtt FN the yoar ondod 310ecenth•r2023 TOTAL FUNDS 2023 FUNDS 2022 Funds Incomlng R•8our¢•$ Voluntary Income Activities for generalwig Incon* Irom Inveslments Churth Activth'ès 118.791 5.285 207 737 70 118.861 S285 207 737 205.559 7.778 2¢ 1.010 Totsl 12S,020 70 125.090 214.392 Rosourc8s expended Churth Activilies Costs th genera￿"n9 voluntsry 152,676 152,676 170,5C6 152.710 151710 170,550 Net IncorneK(expendknJr•l Transfer tollfrom) fvnds -27,690 47,620 43.842 O¢hgr rowilwd g•ln•llloM•sl'. Gain8 and 1088es on re￿lU•¢I￿n of flx¢d aM•ts lor the charfty'$ own ui Net movement in funds -27.69) 47.620 43.842 R•¢onclliatlon of funds.. Tolal fvnds brought foThv8rd 720.191 720.191 676.349 Total lund5 carriod fon¥ard 692.501 70 692.571 720,191 Pa9E 2 Parochlal Church Coundl of St Ilatth￿*. Fulh 8ALANCe SMEET AT31 D•whkn2023 2023 2022 Flx•d a$$• Tang￿￿ assets 10 650.000 650.CIJO Curront 45sets C*blor5 and Prepa￿ts C#sh at bank and in haTrJ 12.929 J1.798 44.727 17.739 55,566 73,305 Cr•dltors: •nounts f•lllrwJ du• wlthkn •n• s••r N•t Current A888t8 -2.156 -3,114 41571 70,191 Total a880ts 692.571 720.191 Fund8 oftho charlty R8StrKtsd fund$ Unrestrifled lunds 70 2,501 720,191 11 092.571 720.191 Appro by arwlial Chw¢h Cowwil 12 Ilay ￿24 afftl sigrnd on its tr*ha ers Chaimian The notes on p•Jes 4 to 8 lomi a part of these finan(¥al slatements. Pagp 3 P•ro¢hlal Chur¢h Coundl ol St Matws. Fullwn NOTES TO THE FINANCIAL STATEMENTS FOR THE YE>A ENDED 31 Docombor 2023 1. *£¢ourtkng poli¢fj The PCC is a publ'c ￿efit entity wilhin the meonirwJ of FRS102. The fmanrial ststements have l)een pwareil under th8 Charitws Act 2011 aTrJ in aC0)rdan￿ wilh lh8 Churth Arts￿nbTrg R*Julations 2C￿ governing lh8 indivKJual 3ccoun15 01 PCC, wth the Regulaitons Irue fair vi8*. proV￿lOn5. The accounls have been p￿pared under FRS102120161 as the aFf•lKabkn accounb.ng standard5 aTrJ the 2016 of th8 Statemenl ol Recommended Practice. Accounling Reporbr*J by Chaiiiips ISORPIFRS10211. Flx•d Assots Cor55ecrat8d and beTr&f￿ prwty not inrathd n the acrO￿ts in ac£ordan¢e¥hth se¢tion 1Crf21 (al aThJ (¢1 of the Charitie5 Act 2011. Fixed assels retain•J for churth u8e WOFwty Vua99 Room. per nok 10. Short to￿ d•poslts These are the ¢o$h held w deposit •thervAh the CCLAw3¢tP* Current As8•ts Amourlts ¢yhin9 to Ihe PCC at 31 C*(*nberyi Yesred ollees. rents or Ir￿ *e as debt￿5 le5S Pfovisions for amoun1$ Ihat may wove unC￿￿Clib￿. Short-tern dewts cash hebj on deF*Jsi either*ilh the C8F Cknth of EThJlaThJ FuTrJ$. orat the bank. FUNDS Unre8trictod Fund8 Th88e repfeS8nl Ihe remainirg 11)r￿le fijnds of the PCC that a￿ a¥aiknlÈ far spendir9 ￿￿traI purposes of the PCC, induding 8mwnts desbJr*ated bythe PCC for LtsÈ orfor spendiNJ on a lulure propcl and which ar8 th8r81ore not included in its'yree reser¥e$- as di¥**ed in the trustees. reF¥ R&8tr1cled Funds These are in¢fjme fvnds that TW5t bE Thwst t• spEnt on r85trpa8d Pu￿05&5 dela1￿ ol the fur*J5 h8h and ￿$th¢1￿)n$ wovKJed a￿ shtrwn i) the notss lo th? accounts. Incomlng rosour¢•s Planned givi￿. ¢olle¢tions athd $rnilar donatmyts are ￿c￿J￿I$ed wthen Te(El￿d. Telunds a￿ recogTri5ed %4**n Ihe incoming resOU￿e to they relate is ￿￿￿ed. Grants and arè a¢(x)unt&l for when the PCC is entitled lo the use of Ihe resources. their uHinate rece¥*l ts coThsidered reasonabty ￿rtain and the amounts due are readily ouanlifiabk. Inte￿51 ac(omted for as and by Ihe pajpr. Al •r￿0MMg r880urces ale a¢¢ouniB(I for gross. Resources expended Tho dirt1n￿dj FOR THE YE￿ ENDED 31 D￿ember 2023 ¢)nnts 2023 2022 Fulham YMCA. re Sl M81theWs Kliss '0￿Se of London- Share of Prof￿9 Irom saè rfst [￿9C¢se of London. Granl lo￿d5 cosls 0,004 8,004 105.OtKI 2,641 115.845 St Michaefs was a thurth in Towrffiead Road in the parish of St Matlhew. Futham. l•tt*ty used as a youlh c*rttts. Th8 Dic¢e58 rnad8 a gTrnt to St Matlhw*s PCC after a sakn for rnde¥¢￿Trt wa$ agreed. 7. Ajbalysls of Net assets byfi*¥S Unr851rthd RestriLa8d Funds Fun¢ts TOTAL TOTAL FUNDS 2023 FUNDS 2022 Fixed asse18 Cu¥renl a$￿ts CuThent liabill￿e$ 650.1 44,657 -2.156 692.501 650.000 650.ODJ 44.727 73,305 -2.156 -3.114 692.571 720,191 70 70 8. D•bto¥s 2023 2022 Gift ahl tax re¢overab Prepaymenls AeuL*d inuJTr 11.073 500 1,356 12.929 12,989 4,750 17.739 9. Credbtors '. amounts falllng due wllhln one year 2023 2022 A¢uual$ fof serV￿e 8NI adNyntstiatth fe*s Re¢eiplS for grfts Fund$ rer*ived on tr*haK of Missiw Pathws Income lax and na￿9￿1 insuian Pensh)n 707 670 2.671 434 345 2.156 3,114 10. Tanglble Hxed Assets F￿ehOld land & buibJing5 Total At the Winnirbg of Adthlions Revaluations At the end of the year 650.￿ 850,000 650,OC 650.000 'Tho Vicarago Room". 2b Clancaty Ro¥J, on tha * of Sl Mallhw*s vicar•3e, wa5 conbprted from a thurL* hall into a d*tlh"ng during 2018 aTrJ now Used to hoLKSe a youth 18ac*er and to WOVKle ts0￿ rental in0)￿. The lasl ma￿1 ¥a￿atrOn of the prcyertywas obts11￿ in t*cemb8r2018. Page 7 NOTES TO THE FINAJ4¢WL STATEMENTS (¢orrtlnii• FOR THE YEAR ENOED 31 0￿mber 2023 11. Stat•m•nt olfvnd• Bal t¥Y*vJ Incon* Expenditure Tran51w5, Bal cllwd 1 Jan 2023 0th8r gains 31 Dec 2023 and I￿seS Unre•trl¢t¢d Fund General fund DeswJnaled. Vicarage Rc#]m revauabon Desgnaled- CMS Dosgnated- Tear Fund Desgnaled- Car8 lor the Famty Desgnated- Hamersmth & Fulham FoDdbor Deg9nated- Buiklin9 De&gnated- STMF Missw)n 100.4( 589.411 3.830 1.915 1,915 1.915 10.776 10,029 116.919 -134.802 -12,630 69.887 589.411 7.682 3,841 3,841 3,871 13,676 292 3.852 1.926 1.926 1.926 -17.741 720.191 125.￿21 -152.711 692.YJ1 Ros¢rkt•d Fund R88tricted- CPAS 70 Total 720.191 125.091 -152.711 692.571 The restrK*d fur¥J5 repre58ntbJnds ra￿ed ty thwch rne1th￿ and olhers *ilh the ¢hurd) to bo donated to misson partn8FS tofurtsr thrisb.an (tithB. Page Independent examiDer's report to the trustees of St Matthewgs PCC. Fulham I report on the accounts of the Trust for the year ended 31 December 2023. which are set OLrt on pages 2 to 8. Respective responsibilities of trustees and examiDer The PCC'S trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144{2) of the ChaTÉties Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to.. examine the accounts under section 145 of the 2011 Acr, lo follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordan￿ with the general Directions gNen by the Challty Commission. An examination indudes a review of the accounting records kept by the charity and a comparison ofthe accounts presented wtth those records. It also includes consideration of any unusual items or disdosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audtt and consequenty no opinion is given as to whether the accounts present a Inje and fair viev/ and the report is limited to those matters set out in the slatement below. Independent examiner's statement In connection with my examination, no matter has come to my attention". (1) which gives me reasonable cause to belleve that in any material respect the requirements.. to keep accounting records in accordance wilh section 130 of the 2011 Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Neil Warrender Saffron Walden 12 May 2024