t 1llclttts4 The Parochial Church Council of the Ecclesiastical Parish of St Matthew with St Sidwell, Exeter Registered ClioriLy Nui TiL)gi 1169445 Annual Report and Financi(Jl Statements For the year onded 31st December 2024 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MArtHEW WITH ST SIDWELL EXETER Contents Page Annuol Report Inden,dond Examiner's Report tntp.rypnt nf Finr]nn.inl Ac.tivities I,? Balance Sheet 14 Jtatement of Cash Ilows 15- 16 Notes to tho Financial Statements 17- 27 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATtHEW WITH ST SIDWELL EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 Aim and Purpose The Parochial Church Council of the Ecclesiastical Parish of St Matthew with St Sidwell Exeler has the responsibility to c(Troperate with the incumbent to promote, within the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC confirms that they have givcn duc rcgard to thc Charity Commiotrion's guidanpp. An pi Ihlir. hp.np.fit whp.n rpvip.wing the chority's aims and objectives, and in planiiiriq fuluig uG(iviLigs. Objectives an(J Activities We do thi£ by Inviting thooc Out￿lId0 the church to oncountor Joous and explore Creoting community and developing a deep experience of belonging,. Fqi lipping niir m?.mbers to live ettective Christian lives In every Spthere uf buii¥ty, und Sending out our members 10 tronsfoim society and proclaim hope vvherever they find themselves. TO fulfil Ihis vision, our aims are.. To build a worshipping praying and spirit filled community,. To strengthen community ond deepen relationships throughout the church and community; To equip every member to live a distinctively Christian life which brings God's Kingdom into homes, schools, universities and workplaces, To evangelise and spread Ihe gospel, To engage children and young people in the Christian taitf),. and To offer pastoral cara and support to those living in Newtown and beyond. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW WITH ST SIDWELL EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 st hAatthewHs (st Mott's) was established as a Diocesan Resource Church in 2019 with o 5 year strategic plan to revitalise the existing churches within the parish giving particular focus on students, young adults and families with young children. This strategy has been overseen by tme £trategic Development Unit of the Qhurch of Englui-ld, Diuivsv uf Ex¥t¥i ui-ld Ll Ig PCC uf SL MULL'S. IL wus grivisuygoj Lliul Lliis sti utvgio plan would be complete in August 2024 howovor, the project has been extended due 10 delays in compleiing buil(Jing works. Thg. twn primary foci of St NAott'g in 2024 hove been the consolidation of new cjnd revitolised ministries initicted over Ihe pasi 5 yeors ond Ihe preporaiory resiruciurinq of govcrnancc in anticipation of thc formation of a Joint Council to ovcracc both parishes. St NAotthew with St Sidwell, Exeter and St Andrews Exwick. In practice this means Gontinuing the Oiitreoch, groups and sewices beguii over the lost a yeors ond establish gustainoblo patterns to that they could continue without the support of SDF funding we do Ihis Oy cjeveloping leaders, deepening community and odjusting the crviccJ we offer to meet the needs of those who engage with NAatt's on ￿￿ndayS and throughout the wppk. Each Njinistry area. Kid'o, Youth, Studenttr, Sepjicc Dltrclplo￿hlp, Alpha and Social I ranstormation ore overseen by a Ministry Head who holds responsibility tor employe staff members ond volunteers who contribute to the groups and evernts that take r)lan.p throughollt the wee& These gtaff and volunteers ploy a crucial rolo in enabling UIILI qiuwiiiq Llig uLLiviLigs ol Llie cliurch In 2U23. the PCC restructured the staff team to consolidate the Youth and Student ministry into a single staff role. Thi5 involved making the Youth, Pastor role redundoJnt ond recruiting a more senior role as a replacement. It proved difficult to recruit a suitable candidate for this role despite several rounds of recruitment and in May 2024, the PCC agrccd to open recruitment for a more junior role of Youth & Young Adult Pastor. This role was filled in Septpmber 2024 and is having a positive impact in these two important areas of church life. Similorly, oui Worskiip Postor began oidination training in September 2023 and the PCC sought to recruit a replacement Worship and Creotive Pastor also at o more junior level. This role wos filled in t)ecember vwth the iriter.,tion to develop these staff members as the church grows. Volunteers continue to play a cruciol role part in the running of St Mott's. Our team includes some 'Super Volunteers who play a key part in the delivery of our groups, maintenance of our buildings and through our Leadership Development Programme. Works to construct an extension on the church to house six toilets and o small break- out room hove continued throughout the year. The project has faced 8ignificont clelays caused by weather ond moterial shortoges. We anticipale Ihat this work will be completed by Eoster 2025. A significant focus of the last12 months has been the growing partnership between THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAThHEW WITH ST SIDWELL EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 St Matt's urTrd St Andrev¢s Exwick. St Mott's was invited to propose a plon for o strategic partnership between our churches to enable church grovrth in Exwick in 2022. In August 2023, Rev Ed Hodges wos licensed os Priest ir) Charge of Exwick parish and Rev Mack t)eptula was appointed Curate at both St Andrews and St Matthew with St Sidwell. The PCC have spent considerable time forming a Joint Q.oi_Incil tn nn.t thp £inglp. governing body and legal eniiry of botn parishes. Tliis qoveiiiiiiq budy, r iuvv I"iui"rie The Joint Council of Co Church, Exctcri lo the fir- -t .tcp "oward. long term ouotainability for tho.s9. c.hLirp.hp8 nnA fiitiirp. planting opportunities thot we may be Invitecj to take poIL iii by Llig DiuLgbg vf Exvtvi. On l January 2U2b, The Joini iouncil of GO Church Exeier, was creotecl by PLJttinq into obeyanGe the PCCS of Jt Matthew with ct trJidwell and Ct Andrcw-, Exwick. Thc ncw Joint Council wog formpd ond thp. rJn.p.ni Int.£ nf thp. twcj PCC% will merge effective from I January 2025. Tlie iiidividuul PCC UCLOUllts for the year ended 2C24 will be calculoted and rcportcd knTrcparotely The Charity Commisgion has sonctioned that the existing .hc]rity rogistration of St Matt's can be r*named I he Joint Gouncil of CO Ohurcm, Exeter wliilst keeping the existing charity number. This existing registration will continue for ease of administration and be the new corporote body of the Joint Q.ounr.il Looking farward, we aspire for et Matt,. to bccomc a core part of Co Church by bi.iilding n grnwing p.ommiinity of active Christions who embody the Diocesan vision to qruw iii piuygr, i T luk￿ I IVW LlibLiples ond seNe the people of Devon with joy. Achievements and porformanco. Wnr.£hip and Proyer The largest gothering of people ot Sl NAatt's continue to be our services of worship, encourogement and prayer on Sundays. There have been three weekly services held throughout the year including.. A midweek troditional Eucharist," and Two contemporary and accessible Sunday seNices at10am and 6pm. Collectively these services attroct up to 400 worshippers each vieek, including over 60 children. Services are supported by a voriety of volunteer teams including cafe, hosting, kids, worship ono production and overseen by employed rTiembers of stoff. These teams offer opportunities to serve the wider work of the church ond encourage hands-on engagement in our worship and mission. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW WITH ST SIDWELL EXETER TRUSTEES. ANNUAL REPORT Year Ending 31 December 2024 Prayer and worship provide an important foundation for the wider activities of the church. Having designated 2023 as a 'Ypar of Proyprf, we he.ld wpekly liJnv.htime pray?r meetings and increasing our'Kingdom Come 'events to every month. Collectively these increased the appetite for prayer and worship within our community. klaving ieceived positive feedOaGK we have coniinued Ine moniniy niqnis of worship vrayer intu 2024 Li¥yuii(J. Tl yruvidg ui i o)ppur Lui iiLy fo)1 wo)rbl iiy ui Id Lu yi uy lui the needs of the church and city. St Mott's has a growing worship team, resourced by approximately 50 volunteers who lead worship at our seNices and events like Kingdom Come ond Alpha, ireaiing and sirengthening community A signif iuont yurt of uur tiiissiuii ib tu Li vutv bclur Igir Ig fui Ll i(Js¥ iu Lul-l Iv ii-ltu contact with ot Matt's. One of the ways this is achieved is through midvveek Groups. In reJponae to strategic analysis by our staff team, we restructured groups to make them more gooily acceeeible in 2023. At pretrent there arc12 group- mocting fortnightly across Exeter and beyond. These groups are led by trained volunteers who organise, tooch and pastor their attendeeg. Groups provide the environment for deep, long- lofting ro.latinnghips nnrl support for pastoral needs. They create opportunitieg fnr spiritual growth and seek to find ways they con impact their local communities. We aciively encouroge groups to play their part In the transformation 01 their locality. Equiypiiig tlig Cl IUILII st Mott's seeks to be o church that equips every member to influence the world around them. Our intention is to deploy equipped and motivated Christians into a variety of cJreos, supported by the church to reduce poverty and isolation and transform society in Exeter. We also continue to support and encourage members of our community to play an active role in outreach and social action through partner organisations. Th&ge have Inclucled organisations supporting those leaving the care system, adoption, fostering ond homeSess feeding progrommes. Over the last year, we have continued to offer, River Café, a women only space where women on probation can come and meet their Proootion Officers and Support Vvorkers. The vision for River Café is to create a welcoming spoce where the women who come feel seen, valucd and respected. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW WITH ST SIDWELL EXETER TRUSTEES. ANNUAL REPORT Year Er)ding 310ecember 2024 We also seek to invest in leaders and tuture leaders ot the Church of England. St Mott's is responsible for the training and development of Rev hAack Deptula who is Lurrently serving a hybrid curacy between SL Mott's and St Andrews Exwicl We also welcomed Rev Kate Jackson as a Curate. We continue to identity potential candidates for ministry within the Church of England and support their training and development. vangelism We are committed to running the Alpha course from Noly Trinity Bromptnn rjq nn accessible and replicable modp.I nf p.vangp.li8m. Eoph tprm, we promote the upcoming p.niir8p ond encourage our members to Invite tamily. friends and colleagues to Irv Alpha ancj explore the big questions of life, faiih and meaninq we also continue to offer Olher courses ond events which provide easy opporLuiiilies lur tl.iose otteiidii-lg tu explore faith ancj find oui aboul CliiibLiuiiily. Iti September 2024, we begon offering Alpha at Jt oidwell's parish with an emphaJio on inviting the street attached population in our local area. The courso offers hot rcfro￿hrno￿ttr a ￿1MplIfIed film exploring elements of the Christian faith followed by a totally open discussion. Eoch week is attendod by 2-5 guestg. Children gnd YoLJriq Pgupl St hAatt's is an intentionally multigenerational church with an emphaoio upon rcaching those groups who are least likely to ottend church. Namely, families with young children, students and your)g adults. St Matt's designotion as a Diocesan Resource Church places special emphasis upon er)goging children, fomilies ond university students and these continue to be top priorities for St Matt's. Despite the lack of a dp.£ignated Student or Youth Pastor for much of 2024, we continued to offer these groups and events. The student ministry is now attended by around 30 students. Having now appointed o Youth and Young Adult Pastor we expect to see these ministries grow as they remains an under-reached areo of the citys demography. A crucial areo of engagement with children and young people is at our Sunday services. Our Sundoy Kids groups regularly attract over 60 children and their parents and are led and focilitoted by a volunteer team in the church holl. In addition there ore Sunday groups for11-14 year olds and groups for young people ogpd 15-18. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATtHEW WITH ST SIDWELD EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 To support families of younger children, we offer POLO, (Parents of Little Ones) o mid- week group for parents and toddlers with a porticulor emphasis on supporting parents in thc early stages of their children's lives. This has been a great group to invite local families to who might othenNise not attend church as it hos a wider appeal to those who value the support of other paronts with young childron. We regularly tree over 50 kids and 50 odultg attending. In addition to this throughout 2024 we have offorod POLO Tinies (for children ogpd l and Iindp.r) Thi£ grniip grnwn ond dpvploppd significantly ancts currently has between 15-20 regular attendees. St Matt's also plays an aciive role in lis designated parish scnool, bl Sidwell's. uur Kids aiiLI Fui T iili¥b PubLur sup)puiLed by key volunteers in cjelivery of collective worship ancl providing postorol core to the school staff teorii. Other Activities (inn. 5niimenionl Rplntinn.f hip.!) AS Q Resource Church, St Mail's is committecl 10 fruittul partnerships with other Lliurclies and faith-bosed organisaiions. This is partially achieved by the involvement of clergy ui-i(J lorlgudgis iii gLUlTieiiiLal qroups, ond we ore also members of Churches Together in Exeter. We continue to off¥r cuiisultanGy oiid ti oiiiii-lg tu locul organisations and churches seeking to enhance their own services and activities using our modcl-. Additionnlly a number of other fait￿ based and community organisations make use of our premises. This has included hosting regional strategic events on behalf of the t)iocese of Exeter, regional Alpha UK events, local school performances and charity fundroisers. Financial Review The total unrestricted income for the year was £319,284 (2023: £270,g17) of which £252,482 (2023.. £222,499) was donations. The £39,333 (2023.. £348,120) of restricted income includes £36,613 (2023.. £347,920) of SDF income. £475,672 (2022.. £346,108) wos spent to provide Christian ministry at st Matt's and St Sidwell's Churph?.£, ine.1iiding the contribution to the Diocesan Common Fund which largely provides stipends and housiiig for the clergy This is the amount triat the churches in the diocese are asked to contribute to cover these costs. It is calculated by o formula based rriainly on the head count of the congregation. The expenditure also includes £218,897 (2023.. £69,052) spent on major improvoments to the church building. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NAAftHEW WITH ST SIDWELL EXETER TRUSTEES. ANNUAL REPORT Year Ending 31 December 2024 The net result foi the year was o deficit of £117,055 (2023. surplus of £272,934) before gainsliosses on investmcnts. After adjusting for losses on investments, the net deficit for tho year was £ig5,672 (2023: surplus of £278,132). The loss on investments inclucjes a £80,000 revaluotion loss of the charitys investment property, Crown House. Thp. p.hc]rity ro.c.p.ivp.£ rpntal income from renting the church hall. hall car park an(J some spaces in the church cor pork. The chariiy has designoted approximately IO/ of Llie yeui's ggiieiuled iiiioi T Ig ijl ILJ iiivebLI Iiei IL diviLJei Idb lu il-iui itivs of tlieir GhoiGe. This designoted fund is Golled °Charitable Giving. in the occounts. The PCC have agreed that the amount designated to be spent in 2025 is £8,000. fi>gS8rvos Policy The Finance Team hag built on the p.qtahli£hpd hiidgp.t manitoring process to develop mnrp. dotailed reporting and analysis to support the decision making of the PLO as It leads the church through a period of growth and recovery from Ihe impact of covid- 19. The PCC aims 10 hold free reserves broadly equivuleriL Lo 3 ITiuiILlib' gXV¥f ILJiLui (£65,000) loi Llie lulluvvirig rgubui Is. l. To manage Cash flow and contractual obligations; 2. In caae of significant building maintcnance being required,. and 3. Against los" of income whilst buildings are not available for rental. The PCC has opproved o budget for ?0?5 with a deficit of £37,000. This deficit is predominantly due to the PCC approaching the end of our SDF funding. We are now funding all staff and operational costs. There is still some SDF funding remaining to be spent solely on Ihe buildings. The PCC was willing to approve o deficit budget as expenditure will be reviewed throughout the yeor agoinst projected and actual income aiid spending can be reduced if deemed necessary. The PCC have also been an.ticipating this need to bridge the gop between SDF funding and ongoing financial sustainability ond as such, have reserves available to cover the deficit if necessary. The totcjl net assets os at the yeor end were £1,405,565, ond of these, £101,83? ore restricted reserves. Of the remoining £1,303,7.83 unrestricted general funds, £5T7,429 Is held os tangiblo fixed as£g.t£, and £250,000 in investment property. The remaining free resepJes held by the PCC are £476,304. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATtHEW WITH ST SIDWELL EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 This is in excess of the reserves policy by £411,304. We are continuing to hold reserves in excess of the policy as we work towards establishing financial sustainability now the external SDF funding period is over. Detailed forecasting has been carried out to build a clear financial picture of the next frIO years. We are anticipating deficit budgets until 2030 go the reserves cjre being held to cover these deficits Risk Mc]nagement Tlig pc)liLies with Ecclesiastical Insurance Group provide adequaie insurance cover for oll the autiviti¥s iii wkiiul-i Ll-lv PCC ib li Ivulvgd, 11 IGludii Iq ¥lTipluyeib' uii(J public liubili Ly. We have in place a resilient safeguarding procedure for the recruitment of staff and now volunteera particularly for the Kids and Youth team. The PCC holds a Risk Register that is reviewed on a regular basis by the senior staff tp.nm and is pre.sp.nted tn the PCC each year. uur investments have stabilised having dropped in value earlier in the year. Income and expen(Jiiure is being octively moniiored by Ihe Finance Team. we curreniiy iuvv 11 IUL wuuld L)g uble Lo support activity should the need arise toword the end of 202i. The PCC vvill contirhue to monitor the situation. Structure, Governance and Management Tho method of oppointment of PCC members is set out in the Church Representation Rules 2022. Thp Council comprises the Incumbent the Associate Vicar, the Church Wardens, those elected to the Deonery Synod, and other members who are elected at the Annual Parochial Church meeting, by those on the Electoral Roll. Members of the corigregation are always encouroged to join the Electoral Roll and to consider standir)g for election to the PCC. There weie119 members in 2024. The PCC supports the incumbent in promoting the ministry and mission of the Church. The powers conferred on the Cour)cil by the Parochial Church Councils (Powers) Ivleosure1956 include the power to acquire, manage, ond adminioter property for Ecclesiastical purposes, and the power to frame an annual budget of monies required for Church work. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NAATTHEW WITH ST SIDWELI EXETER TRUSTEES. ANNUAL REPORT Year Ending 31 December 2024 The Council is also given power, jointly with the incumbent, to appoint and dismiss Church staff members and to determine the salaries and conditions of service of these officers. The PCC met 6 times during 2024. During these meetings, reports from various minigtry areas are reviewed. Our Annual Parochial Church Meeting wae held on14th Ikloy 2024. The Standing Committee congistg of the IncLimhpnt. thp. A£%r)p.intp Vip.nr, Q.hi_Irc.hwordp.nfi, thg. PC.Q £p.p.rp.tr]ry, thp Treasurer and two other PCC memt)ers. I his is the only committee required by low and has Ihe power 10 transact business of the pcc Oetween its meetinqs, subjecl Lu uriy (JirgLLivii uf 11-Ig Cuuiiiil. A Finonce Team has been established to work towards the PCC being self-suatainable at the end of the income and to review the quartcrly managcmcnt accournttr ond other financial pape',- We are also developing a wider pool of volunteerg anrl raiging LIP vnli Intp.p.r tg.nm leadg who guppnrt thp Inr.Limhp.nt nnd £taff to.am to deliver on Sundays and activities thrc)Iighaut the week that seek to meet our aims ona oDiectives. The siarr ieom comprises or) Operotions DireLLui, Wuisliip & Cigulivv Pubtui, KiLJb & FaiTiiligs Puslur, YL)uLlI, SLuQ¥i Itb & Yuuiig Adults Postor, Finonce Off icer & Leodership Administrator ond Operations Administrator. Each staff member has an annual Peisonal Development Review which will set out persor)al aims and objectives for the following yeor, identifying which stiotegic organisation prioritietr they are responsiblo for. We also hove a volunteer Porish & Teams Administrator in post who supports the staff teom by completing various admir)istrative tosks and a Facilities Lo-ordinator who helps to oveisee the maintenance and cleaning of the buildings. We have also more recently recruited a volunteer DBS Administrator who processes oll our DBS cheGks and references. Every staff team member meets regularly with their line manager and the staff members responsible for the various volur)teer teams meet regularly with those team leads. We are committed to ongoing training and development for both staff ond volunteers. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATtHEW WITH ST SIDWELI EXETER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 Safeguarding Parish safeguarding is supported by Andrea Pethick and Janet Spencer. The PCC has complied with its duty under section 5 of the Safeguarding ond Clergy ciplinc Meaaure 2Q16 (duty to have regard to I louse of Dishops. guidonce on saf8guarding childrorT and vulnerable adult-) which ha- bccn incorporatcd into thc Church Safeguarding Policy and embedded ;hrough our safeguarding practices. The PCC has adopted the Diocesan Dashboard for monitoring compliance with nfp.giirJrding hp.qt prne.tip.p. Reference and administrative Information The Parop.hicJl Qhiirp.h C.niine.il nf thp. Fr.n.Ip.RirJRtipol Pnrish of St Matthew with ft £idwpll, xeter has pleasure in presenting their report and the financial statements of the cmarily for Ime year ended 31 December 2024. Church Addresses 51 Maiimew's varish Church, Lower Summerlands. Exeter EXI 2LJ st Matthcvl. Church Officc, St Matthews Church Hall, Clifton Road, Exeter EXI 2BC Me171bersliip ul Ilig PuroGtiial Church Council (pcc) PCC members who have sewed from l January 2024 until 31 December 2024 when the Co Church Joint Council was formed are listed be￿ow. Those trustees who have resigned fully from the charity are noted separately whereas the remaining trustees continue on the formation to the Joint Council as of l January 2025. Ex Officio members Clergy Rev Edward Hodqes Rev Maciej Stonislow Deptula Rev Vanessa Pestridge Incumbent Vicar Curate Resigned14 July 2024 hLJrch W(Jrdens Mark Hobsan Rebecca Borratt Elsctod A4embers io THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAThHEW WITH ST SIDWELL EXEtER TRUSTEES, ANNUAL REPORT Year Ending 31 December 2024 Neil Willioms Kale Jockson Kim Wilding Jon Kow Georgia Hutson Adam Weotovday Jade Faulkner-Lloyd Phlnp. Qhristine Frank Ford Treasurer Resigned 31 December 2024 Resign,ed 31 December 2024 Resigned 31 December 2024 Rooigned 31 December 2024 Co-opted Members iko Clevcland Retired Clgi qy Key mnnagp.ment personnel include all members of tha PCC as well as thc Operotions Director (Sophie Giles) and thp. Kids & Fomilieg Pastor (Jessica Hodges). Irivgstment Managers nCLA: One Angel Lone, Londo¥ L EC4R 3AB gankgrs Lloyds Elr]nk. ?24 High Street Exeter, EX4 3NL Independeni Exominer Mrs S Truron FCCA FCA Streets Bush Chortered AccoLJntants, 2 Bornfield CresceriL Exeter, Devon. EXI IQT This report wos approved by the Joint Council on their beholf by: 28th April 2025 and signed on Rev Edward Hodges Ma Hobson Chair Church Warden On behalf of the Co Church Joint Council li THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW WITH ST SIDWELL Ex￿ER INDEPENDENT EXAMINER'S REPORT Year Ending 31 December 2024 I report to the PCC on my examination of the accounts of The Ecclesiostical Parish of St Njotthew with St Sidvicll (the church) for the year ended 31 December 2024, which are set out on pages13 to 27. Responsibilities and basis of report As the church s Trustees you are responsible for the preparation of the accounts in accordonce with the requirements of the Charities Act 2011 ('the Act,). I Igpoil in respect of my examinotion of Ihe Trusiee's accounts carried out under ection 145 of tho 2011 Act and in corrying out my examinotion I have followed all the applicaole Directions given by the Charity Commission under section145(5)(b) of the 2011 Act. Ir i(Jgpgriclent exominefs staiemeni Since tho gro"- income for thc year exceed- the amount provided in section 145(3) of thp. Ap.t, I c,nnfirm that I nm qi Inlifip.d to ar.t ns Indepe.ndont Examiner undo.r thg. provisions uf tliut b¥Utiui i ul Ll Ig AGL uiioj ,Iio]L ITly quuliliLo]Liori is as sliuwii below. I hcsve complete(J my examination. I contirm that no material matters have come to my ottention in connection with the examination giving me cause to believe that in ny mcjtp.rial rpqpp.r.t." i) accounting recorde woro not kept in re- -pcct of thc charity a" Idu or the Act, or rcquircd by 4)CCtion 2) the accounts do not accord with those records, or 3) the occounts do not comply with the applicable requiremer)ts concerning the form and content of accountq £p.t ciiit in thp Q.hnritip.q (Ap.e.ni Intq Rp.pnrtq) Regulations 2008 other than any requirement that the occouiits give o 'true and foir view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understunding of the accounts to be reached. Mr£ % TrLJron FCCA, FCA Streets Bush Limited Chartered Accountants 2 Bainfield Crescent Exeter EXI IQT Dated. Iw gcZ5 12 THE JAROCHI.IL CqURCh COJNCIL OF THE ECCLESIAsficAL PARISH OF ST MATTHEW W'IT4 ST SIDVIE.L, EXETER sTATE￿(￿T .JF F NA￿ElAL AUTIV TIES Yèar Enjing 31 Cecewber 9024 Lrnreotrictgd Tc,tol Unr@stricted Funds Restricted Funds Total FLnds Fur￿$ 2024 2023 Notgs INCOMF FRO￿1 DonaLiDns and legacias ClioiiiafAcJ Octivitios 20) 2b) 2c) 2d) 2)2482 37,203 2130 289,68b 222,499 347,920 510,419 2,214 21,253 3963 6093 200 othp.r trci(li'icJ ()ctivili14S InvLi8tin(4rils 21,253 2 Jf,051 270,U17 39,g22 3514,617 TOTAL INCOME 31C.' ?84 39,333 348,12U Li19,037 FXPFND1TUfiF ON Charitable AClivil,es 3c) 423,2)7 252413 47fj,612 116,132 116,132 ifio,o li 346,IfJ? TOTAL EXPENDITURE 2)241 11-iU,971 348.108 Net incomollexpendilurel belofe investmgnl ga rnslliosses'l 96,(Y27 (213,0￿) 1111,055) 178,149 272,934 Net yoinsli105ses) on invfjstmentS NET1NCObJFIILossI I rDnslers (78,61 i) 17,41C 178,617) 1195,672) 5198 (213,Je2) 131.91?) 2L6,886 Q9,983 178,149 276,132 13 27,741 1,126,6?7 (27,7411 196,478 Re9erves brougnt IoDNard 13 1,3CI,231 1,3?3,105 Rgserves coiried lorword 14 1,303, 133 IOIB?2 1,4Ob,E6 |,2b/,341 346,886 I,eoi,237 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASIICAL PARISH OF ST MAThHEW WITH ST SIDWELL EXETER BALANCE SHEET As at 31 December 2024 2024 2023 Notes FIXED ASSETS Tangible fixed assets Invp.slment Property Investments 577,429 589,252 250.000 330,000 61,821L 60,4L!I 889.?7.4 979,0(JS CURRENT ASSETS Debtors ond Vr￿liuyl i i¥1 IL -h ot bank and in hond 24,6E18 20,137 *lo,?01 b2J,363 537,889 6L14,500 LIADILITICJ.. Amounts falling due witl.iii i uiiv yeor Crcditoro and occruols NFT P.LIRRENT ASg￿S 516,312 021,544 TOTAL ASSETS LESS CURRENT LIABII 5TIF.£ 40fj,?65 I,DOI,227 NEfAbSElb 1405.Enfj 1.801.227 PARISH FUNDb Unrestricted Rèb¥ives Cernerol 1,254,351 Designoted 13 1,303,733 1,254,851 Restricted Reserv8S 13 101.832 346,886 I LtO?.565 1,601,227 Tliese Iinonciol statements were opprov8d by the Joint Council on hull by 28th April 2025 ond were signed on its Rev Idword Hodges Lhoir 14 THE PAROCHIAL CHURCH C.OUNCIL OF THE ECCLESIASnCAL PARISH OF ST MAtt4EW WITI I ST SIDWELL EXETER STATEMENT OF CASHFLOWS As at 31 December 2024 2024 2023 Notcs Cosh flows from operating actimtie Ner cash providgd by (used in) operating octivities (104214) 376,794 Casf) flows from investing activitie& Pui bl ol fiAtroJ (ftQ4R) 124.868) Net tyTJ5h prowdod by (us8d in) investing actiwtio" 18,048) l?1,868; Chongo in cagh ond cash gquivolontg in thp rp.porting p&riod 351,926 n.ash nnd n.nih g.quivolents at the beginning of the reportinq period 024,J63 272,437 Total cosh and cash equiva18nts ot the y8ar end 13 201 624.6ts0 15 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASfflCAL PARISH OF ST MATTHEW WITH ST SIDWFLL EXETER STATEMENT OF CASHFLOWS As ot 31 December 2024 2024 2023 l Reconciliation of net 1ncomellexpei￿1tUre) to net cosh flow from oporoting activities Net incom8 for the reportin9 period (as per the Stotemant of finonciol actiwties) Adjustments for. (195.672) 278,122 D¢prEGllltion and ui"I iuilibulivri (GoinllioÉE on invo. Iincreaselldecrease in 8lnp.k.q Iincreoselldecrease in debtors Irityi¥ub¥/(QvLi¥usel iri creoi(ors Net cosh providod by {￿.￿ed in) opcrating octiwties 18,711 2U,/Y6 (￿,]98) 1,000 tmont- 70,617 14.5511 74.579 lJ4,214 2 Analysis of cash ono cash equwolents Coah at bank ond In hond 502,538 blS,7UL) Notipe dopogitg (lÈss thon 3 mopthg 10,S63 69g,,363 16 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAftHEW WITH ST SIDWELL EXETER NOTES TO THE FINAN-IAL STATEMENTS As at 31 December 2024 Accounting policies Basis of preparation I he financial stotements have been prepared under the Charities Act 2011 and in accordance with Church Accounting Regulations 2006 together with the Chorities Statement ot Recommended Practice (Charities SORP (FRS102)) and Financial Reporting Standard102 (FRS102). -t convontion Tl Ig fil iuiiuiol statements have been prepared under the historic co- except for the valuotinn nf invp.qtmp.nt a£sets. which ore shown at tair value. Tho PCC meets the dofinition of a public benofit o.ntity Iindp.r FRS102. The financial sioiements are prepared in sLerlirig, wliiLli is the functionol currency of the PCC. Going concern The financial statements have been prcparcd on tho going concorn basis. Thoro are mntp.riol iinp.p.rtointies related to events or conditions tnat may casi significanl uuk)ts upon the PCC s ability to continue as a going conccrn. Thc charity i" continuing ag o Jnint e.niJnp.il n£ £toted in the onnual report. Funds beneral funds represenL (he fuiidb uf tlie PCC thot are not subject to ony restrictions rcgarding their uso and are ovailoblo for application on the gpnp.ral piJrpn.£p,s of thp PCC. Funas aesignated for a particular purpose Oy tlie PCG urv ulbu iiot restflGted. Rp..qtrip.t?.rt flind£ cre income funds that must De spent on resiricted purposes and details of the funds held and restrictions provided orc -hown in the notetr to the occountg. The financial statements incllidp. rjll tran.soo.tions. assets and IiGbilities tor whicn tme PCC is resporisible in law. They do not include the accounts of thie church groups that owe their main offiliation to another body nor those that are informal gatherings of churGh members 5ncome Donotions ond legacies Plonned giving, collections and general donotions are recognised only when received. Gift aid recoveroble on donations is recognised when the donation is received. Grants and legacies to the PCC ore recognised as soon as the PCC is notified of its legol entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW WITH ST SIDWELL EXETER NOTES TO THE FINANCIAL STATEMENTS As at 31 December 2024 Accounting policies (continu@d) Charitable activities Income trom church fee income is recogni£ed when the fee is due Income from activities is occounted for gross Other troding Qctivities Ro.ntol income ig recognised when tho r8nt is due Where incomc ID rcccivcd in udvuiicg, it is iecoqniseo in the year in which the event takes place that it relates to. Invesimenis ntero" .t ontitlcmcnto are accounted for as they occrue. Dividends are accounted tor when due and payable. Expenditure Raising funds Fxpp.nditi_Irp. on roising fiJndg is accounted for on the accruals baoje iiiilullgb Ll ie LUbLs uf Lhe invesimeni property. Rajoing fund G'hariiable acliviligs Expenditurc on choritoble activities is accounted for on the accruals bosis. The oiocesan common tund is accounted for whp.n pnynhlp Any Linpoid amount ot 31 Dcccmber is provided for irn these accounts as on operotionol (olthougli iiut leyul) liability ond is shown as G creditnr in thp. Rnlonre Shpet. Grant.0 nrp. np.r.ni Intpd for when paid over, or when aworded, if that award creates a L)ii-iQii ubligulioii on the PCG Taxaiion The charity is exempt from tax on its charitable activities. Tangible fixed assots Consecroted land and buildings ond moveable church furnishings Consccrated and beneficed property is excluded from the accounts by slO(2)(a) ol the Charities Act 2011. No value is placed on moveable church furnishings held by the churchwordens on special trust foi the PCC ond which require a faculty for disposal since the PCC considers this to be inalienoble property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether mointenance or improvemenL is written off os expenditure in the SOFA and separaiely clisclosed. 18 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST hAAFtHEW WITH ST SIDWELL EXETER NOTES TO THE FINANCIAL STATEMENTS As at 31 December 2024 Accounting policies (continued) Freehold property Freehold propety is valued at purchase price. The PCC does not depreciate its freehold properties os it Judges any depreciation charge to be immaterial on the basis of the long life and high residual value on the basis of the PCC'S policy of regular mainlenance. The PCC Lurries uut yeriodiG impairrrient reviews. other tixed assets Other fixed asseta arc rccognieed at cost. Individual assets with a purcha.£p. prir.p. Ip.£s than £l.000 are written ott when the ossei is ocquired. Deprp.ciation hr].£ hp.po provided on other tixed assets on a straight line basis in .tirr)atcd uDef ul liveo: order Lu vvriLe uff tlit cost of the assets over the following e- ixtures fittinqs- 10 years Computcr" ond equipment- 5 years Investment propertic- Investment properties are Included in Ihe t)alance sheet ul Lligir upjgi-l iiiui-ket volue in accordance with rptt 102 and orc not depreciated. The SOFA includes net goins anrl Inq.q9.£ arising on revaluations as at tne year end. Investments Investmenis are a form ul busii financial instrument and are initially recognised at their troneactior) voluo and subgoquently mp.nsi_Irp.rJ at I hpir fair value as at the balonce sheei date usinq IrTre closirig quuLed iiiui.ket PflGe. The SOFA includes net gaino and lo-- ariDing on revoSuations and disposals throughnLlt thp. yp.or Debtors Amounts owing to the PCC at 31 December in respect of fees, rents or other income ore shown as debtors less provision for ony amounts that may provo uncollectable. These are recognised initiolly at the settlement amount Prepayments are valued at the amount prepaid, net of any trade discounts due. Cash and cash equivalents Cosh and cosh equivalents include cash in hand. deposits held at call with banks, and other short-term liquid investmenis Wlth original maturities of three months or less. Creditors Creditors are recognised when the PCC has an obligation at the year end as a result of o post event, it is proboble that o tronsfer of economic benefit will be required in settlement, and the amount of the settlement con be estimated reliably Lreditors are rec.ognised at the amount that the pcc anticipoles it will pay to settle the debt. 19 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESASTICAL PA￿SH OF ST MATtHEW IMTH ST SDWELL EXEfER NOTES TO THE FINANCIAL STATEK4ENrs As at 31 Dec￿[￿)￿ 2024 l Accounting policies (continued) Finonciol Instruments The church On￿ Tros financioS 055ets and liotmlities ol a knnd iliot quolify os tKJsic ti4anciol instruments. All (including dphtors and creditors) are initiolw recognised (ri transoctitsn value and SLJbsequently measured at their settlement value 2 In¢ome from unr0str￿tod rigvtrictcd Total Total Funds Funds 2024 ?nl nnnotiong (Jnd logaeies onned givinq Gift old rEGoverobl 137,9d8 Jb.463 36,403 Q.rnlloptiong 5,487 ,093 Genorol donolions ond oppeols JDF graTrt5 ntb#r grontg .4nA 550 27.Q59 5?B57 3&613 40 3&613 338,289 2,IbO 9.5149 ?7.203 2b) Choritablg actwitiat+ Weddinos Gnd lJnerols 51uolgrii ￿eeke￿a owoy onu octrviries Youlh Spree 2027 518 1,926 213J 1,741 55 3.g63 6,093 2cl othor troding octr￿tle- Sl K.laliS Holl rental 13,778 1":,770 sr Molls porking .139 2911 21,253 2dl lrnvestmenis Dividends and interest 19,922 19,922 4,728 Crown ￿lOUSe rentol 20,000 20,323 39,922 39.922 Total income 20 THE PAROCHNL CHURCH COUNCIL OF THE ECCLESIASMCAL PAFJSH OF ST bAATTHEW WttH ST gDWELL EXffiR NOTES TO ThE FINANc￿L STATEMENTS AS or 31 Decembèr 2024 3 Expendtiure on unrestricied Restricied Totol Totol Fund9 Funds 2024 2023 30) Choritable activrf(iès Jiss'onary ond choritoole giving (No",e 6) LYN Food bonk (Note 1.%) IL995 $38 12231 8,378 568 Dioceson common fund 59.946 59.946 55,326 Minisr is murried tc Idword dodge& who Is the incumbent ond clioir ot tlie PCC. Jessica Hodges 15 mplnyed as the kids ono families postor ond re￿1V?d a gTOSS solory of £20,56512023. £20,565) ond employers pension conirioulions of £43012023". £430). During the year to al Decen)ber 2024, thv uhuiily i￿￿1V￿(j £57,0801202& £41273) In cJonoiior)s Irofn Ipe FLL mpm,b#rg. kgy monogoment P9rsonnol ond p9r00r￿ clc•oty co?necLod to thcm. The gift- did not hove ony conditions which require i.qe charity to 8ignilir.ftntly altrp.r Ihp. nn-. urp ol itg pxisting oct'"vities No oth.or tr￿n￿aCtion- or cxpenoe3'NeTe undertaken wth ory other PCC rn￿nber, FEI"sonol closely ￿ul Il"I¥LILd tu tliem ni rglntp.d partip.% 6 klissionory ond charitable giwng 2024 2022 f.TnX 3S Crosslir.e 400 E￿ni1]St¥. Cvi 11 I,aDO Fnnrlbnnk. eoo 1,200 Fusion 1.000 500 Home for GUULI 4ULI buu In.F Q.linritable Trust 500 150 Joyfest 416 Nuyuiiibu ilubl Oogn Doors 12 500 RD&E Neonatal ICU 250 st Pefrock's 70.J 500 St £idwell s Schoollgovers bibles 260 279 srreet Pastors 500 300 "corfuiid 300 'rho Beehive Foundation 725 YMCA 3,400 2,800 Unlimiled ChurLII 500 Other Disc'etionary Gifts 336 298 Total giving 12,831 22 THE pAROCH￿L CHURCH COUNCIL OF THE ECCLESNSThCAL PAR1￿ OF ST MAThEW WTH ST SIDWSLL FAEtER NOIES TO THE FINANCIAL STATEk4ENTS As ot 31 D8cwnW 2024 7 Tangible Fixed Assets Computers and Total Land ond Fixtures and buildings fitiings equipment Cost Broiight lorward Adaitions 514,066 667.293 5250 L698 6.948 Oigpogols Corried forward 519,Jlb YiIDi8 a0,397 C.i4,241 Doprgeiotion Bruugql forward ufiuryg lui Ll i- y¥ui DI￿pOSe1s Corried lomard 34,932 43,109 78,041 OB53 8018 Nct book value Carried loword Brought for¢rfcsrd 51A.066 589252 Lond and buildinqs only contoins Ine St Motinews Lhurcn HOII ai (kerTl¥(t LX)sL 8 InvoJtmgrit propgrty IAorkol volue brought forward Net gainslllossesl on fevoluorion Murkel vulue corfied torwurd 330.000 The only InvesLment oroperty held by the choriry is CrowH HuubE, Exeter EX4 6P& The tharity have corned out a valuaiion of th8 PfOVElty to determine rts foiT value. This wos ¢orried out on 27 March 2025 by an independent voluer, Strotton Creber, wgo has o relevunt professional qJolificc]tion ond experienc* in this type ol properry. The voluotior cor,cludg.d thot the foir volue ol the propetty is £250,000 which resulted in o loss on revoluorion ot £80.000. This hos been Teporled in unrestricted reserves A li) yeor lease wo5 enrered into in 2019 vdth the Gurient tenont so the choFlty is urctle to reolise the investment immediotety. 23 THE PARoCH￿l CHURCH COUNCIL OF THE ECCLESASfjCAL PA￿SH OF ST MAftHEW wrrH ST SIDWELL EXETER NOTES TO THE FINANCIAISTATEIAENTS As Ix 31 D￿￿M￿r 2024 g Investments Morket value brought forwarcl Disposcl Probeeds Nel gainslliosse51 on revaluotion Mcirket value ¢orrieO torword 60,441 r)1,824 Invggtmgnt stod Investmonts by class held ot foir volue property investments Total Anrkpt valu& brought foword Net goinslllosses) on revoluotion Moi"k¥t vulue Lu'ri¢ts lorwcro 330.000 180.- 6Q,441 390,441 211.8?4 10 Debtors and prepayments 2024 2023 Tax recoveroble 4,451 4,62ti Prepoyments other debtors ?.647 11,927 SDF inramp. E,552 11 C.rpditors and occruolg 024 2023 Trade creditors 3.047 11,948 Acttruols 6,826 3.407 Deferrocl Income 10,6E17 5,323 other cr8ditors 12 Contingent assets During 2019, St Matt's wos owaraed o Strorteglc Development Fun(fing CSDFI giont ol £1.333.068 hy fhp Arclibishops. CouiiLiI lowards rhe cost of orowing mission In t￿.e city of Exeler over 5.5 y8ors This groni wos opplied lor by the Exeter Dioc8son Qoard of Finance IEDBFI, wk,o ￿'uS octing os on ogent on Oeholf of St hlott's. The gronl Is cloimed by filing expense eloirns in arreors, with oll moncys goip.g thiouoh t￿,e IDBF ond being po55ed on to St Mott's Euctri Lla'm requires opprovol by adminiStrffJtors of the SDF to ensure it is in line with tne original buoget subrnittcd I he A[chbis￿10oS Council reserves the riqht to ieirninate rhe (Jward if ff trecomes substeiitiiilly ijnlike.ly tnot st Matt's wrill b8 able to delivgr itb ouIGoTes os ser out in rhe or',ginol groni application These performonce related cond',lions prevent :. n8 full recognition of the grant. In 2022 St Mott's was owordee o fdrlher £269209"ior copitcl expendilLirè. So .or Sl Matt's havp. manoged to meet the eondition& so Ihgre does not oppcor to b- o reason why the SDF inpomp will not he nvniloblp for 2a2*. OF the tatol gront nl V.Rry?J77. g,451,177 hos been aw(Jrdpd, Ipaving £1fj1,2no os a comiingeni osset lot which £50,000 fcff the second plant onQ £101200 iemoining lor copiial expend."tiJre). 24 THE P￿RaC￿L CHURCH COUNCIL OFTHE ECCiE51AgllcAL PARISH OF st MATTHEW WTtH ST gDWEII. EXETER NOTES TO THE FINANCIAL STATEklEFrs As 0131 D8CWIDer 2024 13 Movement in funds 2024 Brought forward Reserves Corried forward Ineome Expenditure Goinsl(lossas) Transle Reserves Unrestrict8d Reserves Gen?ral 1254.351 306,680 1210,6621 2,59¥ 1.303.'19.3 Choriloble Giiing I?.￿C5 ,?04,123 Restricred Reserv8$ &Y.023 3fi612 (250.843) 11,2871 1.91.97?1 88.021 L'IN 40 women Luii uoine for their pro￿ation oppointments Bequest This fund eontuins o beoiie>t to be used on St Andyews Emryck The tur￿ wll b9 spent on L)uilOing on(J sicff costs KW uno AW donglions Ihese ole kind donotions to sJpporr. the work the churGI). Weekencl Awoy (IVAJ WÈ inviteo people to moke dDQQtione to cover the cost ol thcse minhi noi othenmse be oole to olford to come Dn the churr WEtik&nd Jwoy Th8S6'unds enobleo everyone thot wonied 10 be thero to come on ihe church ¥￿eeken0 owoy. THE P￿R￿PHAL CHURCH COUNCIL OF THE ECCLE￿ST￿ PAW5H OF sr AAATTHEW WtrH ST SIDWELL EXEtER TES TO THE NNANCIAL STATEMEMts As (rt 31 Dec8mboi 2024 13 Movement In funds (continued) 2023 Brought foTword Reservès Carri&d fOr￿ard Income E%￿n￿lture Goinslliosses} Tronslers ReseNes Unrestrictod Reserves C7eneral Ll26.627 2BZ837 (168￿52) 5.198 27.741 1,254,351 Charitable awng L12&627 270.917 117R.i??I 2-,,7LI 1,2i4,251 R?%trir.t*d figserveg SDF (see belryoi) LVN18*g bo￿Ow) Extension 147.203 (151469) 15881 {qoDo) 172451 10,106 581 172501 9￿0[) Cop,tal Pruj¥b(b BTG 19.48 2bO 120.4851 Beqiiest LW Donut.uii iooo O,DooI ?£ai20 109,011 346.p.8r) Unro4ri¢tod funds Chafitoble olvillq Thig ig up of oppro¥imatcty IO% ol the year5 9cnertstert ￿Grrne 01"￿ biw¥striTs>TL Qiw(JLI',(J& The Pic Y05 agreea Inoi I￿,C omount designoted to be spent in ?ng2 VKL¢ fRnno tt ig to bo poid to choritièÈ choson by the FCC. Thc omount rJcJlgnatnd to be spenr In Is £10,000. R8slricted funds stIC71L'gic Devtrlopmentr funthg IsDF} This lund conioins the SDF income ihar hos either t)88n rErF.wed or is receNot4e. Love Your Neighbour (IYN) Love Your Ngiohbour Is our sociol response to the CoMd-19 crisi- E￿eNSion A po*up food bonk wos Set up to hdp those Ip. our locol This fiJnd wos spgnr in 2023 on the ex[en￿on work to th8 church. Capitol Proj&cts Thi5 fLand conruins o restricred gift from members of the conwegotion to be us￿$ on th8 kniLtiwi".efurbishment in the urKf replacem8nt of church corpet& Carpet ond kntchen expens8s tc)roMecl £7.245 and £?0.485, respe¢tivety. with kitchep. refurbislimentS beiiig ireated os capitol exoendituie. BIG fBridg8 the Gop) Ihis fund was ubed lor Exeter foolball tourn0mp￿t Fund5 W8re receNed into the LYN fund in 20J vhich have been trtsnslerr8U to th• RTG fund in 2022 and 2023. B8quesr This fund contains tt bequest lo be Jsed on the plant ot Ewck w711 toke ploce in 2a24 Tlle fund wll i)e spent on building and Sioff cost& Donation This fund was used to pay lor chfjdfJn's toys from o donation of CIJOO during the yeot. uthich has b$eri fully used up. 26 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PAIISH OF ST MATTHEW WTH ST SIDWELL EXttER NOTES TO THE FINANCIAL STATEMEf4tts AS Qt 31 Decemb8r 2D24 14 Analysis of Assets QT)d Uobilities BetW￿n Funds unrVStr￿1￿d Restrict8d 2024 Resgrvag Resorves Total Fixed assets Tangi018 fixed assets Ii"Ivesimenl ProrErty 250.000 ?in,nnn Invèstments 889Jb 889,253 Current osset- np.l-:nr£ r.na prepayments Cosh or bonk ond in hond 1&463 g225 420￿94 9ZOO-, J13,201 C.iJrrÈnt liabilities Crediiors ond occruols (2L5n) Net 0&5gts Unregtrictgd Rostric 093 Resefves Total Fixed ossets Tui Ibi￿1£ fixed ossetS 580,252 Slq,?.42 Invps,'rnenl FrcpRrly 330.000 330.000 Invesim8n'.S 60,441 60,4LI Current asséts Debiors ond prepoymentS 13.585 6,552 20.137 Cash or Oonk and in holid 34D,RP.ti ?gl062 644,500 Current liabilifies Creditofs occruois 1144041 (&552) 122Q561 Nei assets 340.880 1,6Q',?37 27