Annual Report and Financial Statements of the Parochial Church Council of Wolverhampton St Matthew For the year ended 31° December 2022 Charity registralion nunther." 1183263. St Matthew's Church Growi ckr•sI
st Matthew's Church DIOCESE OF J LICHFIELD The Parochial Church Council of Wolverhampton St Matthew Trustees, Annual Report for the year ended 31$t December 2022 Charfty rnglslratlon numl>er. 1183263 Objectives and Activitles The Parochial Church Council of Wolverhampton St Matthew {the PCC) has the responsibilty of c operating with the incumbent, the Reverend Matt Hird, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical. social and ecumenical. The PCC is also spiritualty responsible for the maintenance of the church. The PCC is committed to enabling as many peopk as possible to worship at our church and to become part of our parish community at St Matthew. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our sep41S can involve the many groups that live within our parish. Our SeNiS and worship put faith into practice through prayer, scripture, music, and sacrament. Also, through non sacramental activittes of hospitality and fellowship we aim to reach non churched members oflhe community. Public Benefit The trustees of the PCC are aware of the Charity Commission's guidance on public benefrt in The AdVanrnent of Religion for the Public Benefft and have had regard to Èt in their administration of the Charty. The trustees believe that. by promoting the work of the Church of England in the Ecclesiastical Parish of Wolverhampton St Matthew tt helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecctesiasti¢21 Parish, and that in doing so it provides a benefit to the public by: Providing facilittes for public worship. pastoral care and spiritual, moral and inlellectual devebpment, both for its members and for anyone who wishes to benefft from what the Church offers,. and Promoting Christian values and Servi by members of the Church in and to their communities, to the benefrt of individuals and SOCEty as a whole. Reserves Policy St Matthews reserve policy was reviewed at the PCC meeting hekl on 22nd November 2021.The re- serve fund was set at £13,000 based on the equivalent of 2 months general running at £8,000 with an additional £5.000 to cover emergency building maintenan. This amount is held in a separate desig- nated fund. Other free reserves at 31 December 2022 were £21,053 (2021". £7,458). Safeguarding The PCC believe they have fijifilled their duty under section 5 of the Safeguarding and Clergy Disci- pline Measure 2016 (duty to have due regard to House of Bishops. guidance on safeguarding children and vulnerable adults). Page 2
Reporting Serious Incidents A Serious Incident is an adverse event. whether actual or alleged, which results in or risks significant harm to the charity's beneficiaries. employees, Offi holder5, volunteers or to others who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charity's propety or ham to the charitys work or reputation. The trustees are not aware of any Serious Incidents in the last year. Fundraising The PCC takes it fundraising responsibilities seriousty and is very grateful to all donors - whether reg- ular or occasional- for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibilty for fundraising and do not use commercial organi- sations or professional fundraisers. All money raised is either by donations. fundraising events, spe- cial appeals or legacies for which the PCC are most grateful. Risk Management The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in pla for child protection and for work with vul- nerable adults, including rigorous DBS checking of staff and volunteers. Our insUranS are reviewed annually to ensure adequate cover. An infomal review of any new risks which may impact the work of the Church in the Parish is ongoing. Structure. Governance and Management The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is govemed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2r January 1957, and the Church Representats'on Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointrnent of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent. the Churchwardens, a representatrve of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general conrn and im- pOrtan in the parish, and for all financial matters. The PCC usually meet 7 times a year. Given its responsibilities, the PCC delegates the implementation of our vision statement to the Ministry Leader- ship Team, who share responsibility for day-t(aY leadership wtth the Incumbent and report back to each PCC meeting. In response to the challenges of the pandemic, PCC established a new Finance Action Team to monitor our financial health and implement measures to improve it. Page 3
J(Y&n Dewn (urtl 17h17r22) Charl)l* Taft Po2t 4
Independent Examiner's report to the trusteeslmembers of The PCC of Wolverhampton St Matthew Registered charity number: 1183263 I report on the accounts for the year ended 31st Dernber 2022 which are set out on the following pages. Res ective res onsibilities of the Trustees and Inde endent Examiner The charrty's trustees are responsible for the preparation of the accounts. The charty's trustees con- sider that an audit is not required for this year under Section 144 of the Charlties Act 2011 (the Chari- ties Act} and that an independent examination is needed. It is my responsibilty to examine the accounts under section 145 of the Charities Act. to follow the prOdureS laid down in the General Directions given by the Charity Commission (under section 145{5)(b) of the Chartties Act. and to state whether particular matters have come to my attention. Basis of Inde endent Examinerfs Statement My examination was carried out in accordance with the General Directions given by the Charity Com- mission. An examination includes a review of the accounkn'ng records kept by the charity and a com- parison of the accounts presented with those records. It also includes consjderation of any unusual tems or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The prOdureS undertaken do not provide all the eviden that would be required in an au- dit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below. Inde endent Examinerfs Statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Cosy Bagot Je For and on behalf of Lichfield Diocesan Board of Finan St Mary's House, The Close, LichfEld. WS13 7LD Date:... ..fv/i.c7J.u......... Page 5
The Parochial Church Council of Wolverhampton St Matthew Financial Statements for the Year Ended 315t December 2022 Accounting Policies The financial statements of the PCC have been prepared in accordan with the Church Accounting Regulations 2006 using the ReIpts and Paymenls basis. There may be minor discrepancies in the totals as the pence are not being shown. Fixed Assets Consecrated and benefi property ts not included in the accounts by s.10(2)(a)&(C) of the Charities Act2011. Moveable church fumishings held by the Vicar and ChurchvRrdens on special trust for the PCC and which require a faculty for disposal are inalienable property. listed in the Church's inventory, which can be inspected (at any reasonable tirne). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Description of Funds Unrestricted funds are income funds of the PCC that are available for spending on the general pur- poses of the PCC. including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not induded in its 'free reserves" as disclosed in the trustees, annual report. Restricted funds comprise of two elements: a) income from trusts or endowments which may be expended only on those restricted objects pro- vided in the terms of the trust or bequest b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balan remaining unspent at the end of each year must be carried forward as a balan on that fund. The PCC does not usually invest separately for each fund. lthere there is no separate investment, interest is appor- tioned to individual funds on an average balance basis. Endowment funds are restricted funds that must be retained as trust capital either pemianently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestrtoted. Full details of all their re- strictions are shown in the notes to the accounts. Page 6
The Parochial Church Council of Wolverhampton St Matthew Financial Statements for the Year Ended 31st December 2022 Receipts and Payments Account Umrestrieted Desigllated Rerieted Endowrne4t rlld$ runds funds Recolpts Oonalion$ antt legao Inujme from Chantab *th¥ilies Othfrrtrading actsvitEs Investments Other inctyne Total recdpts Tot41 Prior year d5 totsl funds 48.572 3,162 10,828 17 53,870 3.162 10.828 43.709 6,285 1,0 68.876 233 51.642 Paym¢nts Rai&ng lurKIs EKpeThjrt on ¢J)aritaNe OtherexpeitUre Total wments 74 2,152 3.111 50,360 50.301 422 50.723 4¢310 &264 4627 tran&fvr 14268 12 14249 919 Tr4nsfo Grvss transfers tunds- in Gross Iransfets belwEen rYI$. (Krt oth•r gains I lossos 1.673 13.S95 1.6n 1.500 11,0311 14.249 919 Ngt movqfflent in lund¥ 13,$95 11.0311 14,249 919 All assets at 01 January 2022 All ¥sots * 31 D¢wnbw2022 19J10 1,754 28.522 27,603 n1 R•pro98nlEd b>t UnrostrlGtsd General fuTr 28,522 21.(YJ3 21.053 Desl#natod pea15 & Special Propds Building & Mailllenar scrtionary Fu Place Ofwekorr Pop In Group Minthy ReseNe Fund T(Kl(4er GrDUP Minirylry RestrFCtAd Easter Event F8rnity Meal POW Restrided ster( RenovatKJn p Boiler8uy And Insiom 7,458 872 8n 5.205 1,518 19 93 13.Ct)O 872 5.205 1.518 19 93 13.1 100 13,0 156 520 200 225 156 520 1,329 Page 7
The Parochial Church Council of Wolverhampton St Matthew Financial Statements for the Year Ended 31st December 2022 Ststement of assets and liabllities - 2022 G¢Derl Current a898ts.cash at b•r•KI In l¥ThJ LWS Current Aixount- Lbyds s2ng$ AcuJwrt- Cash in hand_ ted Restrieted EOVmtDt 7.596 13.342 115 4.519 16,475 (7,4541 10.885 4.661 40,7D3 115 4V79 7.763 22.632 115 30.510 Total8 Liablliti95-Ag8n¢y accowrts Agenw collectroTh8. 1.988 1.988 1708 170B Grarnl totsl .053 724 Statement of assets and liabilities - 2021 Current a8$0ts- Cash at bank and in hand Uoyds Curwt A(wnt- Uoyds SatIg5 Account- Cash in h8rKI- General Desi tsd Rtstricted EndowtlleDt This ear L8$t 3.785 15.525 19831 4.725 2.381 115 8.429 21,9>8 115 30AY6 115 30,510 19.310 3.742 Liabillllo&-AgwKy enL¥ CollE(*. Tolals 2.873 l873 1,988 Gmnd totst Fund movement by type - 2022 Bulldlng- Bulldlng & DesvJnated oi TrnTrsftrs Gainsllosses Closi Sublotal for 1205 5.205 Dtscrotion- Di5Gr8tlwary Fund Designated 1.518 eathr Eve. Ea8t£r Evert Resthded Fjmity meal. Famity Me Reslrided SU1 for Famlty m• NHF. Enor- Nalional Hardshryi Fu SulAotal Iw En8r Page 8
156 P¢)W. Pla¢9 OfWd¢orno Oe$BJnated 19 19 19 19 PoplnGroLV. Pop In Group DesNJTrated SutAotsl for ponG10 ProIè£ts-At¥S & Sppsi Pr 74 74 11x1 872 872 872 Rosgrye. Ro¢•rvo Fund 13.(XXI 13.mo 111)00 RestAded Subtolal forStor• room 1.713 1.713 520 S20 ToddlerJ.TLMld10r Grrw Mlnwy De$wnated 133 133 SulA<>lal ftsr Todd 125 125 288 21P Boiler.Zip BoilÈr Buy And I Re$irTded 1.329 1.329 S4[fOr21p eollw Genoral. GornI furKI Unr88triGled S1 forGone 578 48.310 11.673) 21.053 627 Fund movement by type - 2021 Building- Builthng & MairrtBnart• Cnoled oi TrllsfeTS G&inslJo&ses Closi 5205 5.3)5 SU1 for Bthkling Fammy mval. FThily Al8al Restricted 5.205 5,20S su>181 fr)r Fqmlty nMI Gaylè-GayW8 LgavlNJ present Re51ric8d 200 200 Sutstotsl hr Gayl POWRES. R88tdctsd fu Reslricied Subtotal for POVIRES 25 25 225 225 POWnchrw- Pop In Group Chr15tmas 250 sut01 fr¥r P0F4nC1¥ts PoplnGroup- Pop In Gn)up IAtnh SuA[for Pop1101 1( 100 projects_Appl8 & Special Pr Design8ted 872 SU1 for Prwts 872 872 Page 9
OesvJnaknl 14.5C4) 11.5001 13.000 Toddlors-Toddlor Group Mlnisby Des¥nabJ 133 133 133 133 zrp BOiler-P Bler And I Resthct SulAolal fvrJP Bollef 1,329 GOra1. Gernral fijnd Unst[ble 493 $0.398 7,458 7.458 Fund Description Designated Funds Building Maintenance- for the maintenance and upkeep of the church building Discretion - to help and support the wider communty. It is administered by the vicar in conjunction with the Re- source Team. Places of Welcome- to support the work of Pla of Welcome Pop In Group Ministry- donations to help fund outings such as a Chrithas Meal Toddler Group Ministry- to support the work of the TcKldler Group Appeals & Special Projects- monies eamiarked for spectfic projects during the year Reserve Fund- part of the PCC'S Reserves Policy is to keep £13,000. See the Trustees Annual Report National Hardship Funding - donation from Lichfield DI0Se to help wrth energy costs over the winter. Restricted Funds Christmas Meal Pop In- community provision of Christmas meals Easter Event- grants received from the local council to PLrt on an Easter Communty Event Family Meal- to encourage families to eat together Gayle's Leaving Present- donatsons towards Gayle's leavrng present. Pla of Welcome - reVed a on&off donation towards ongoing costs of Place of Welcome Store Room - grant money given by local Counal to refurbish the Sto room Zip Boiler- to buy and install a new boiler Analysis of Transfer between Funds - 2022 The Discretionary Fund was made as a way of pulting money aside to help arKI support the wÈder communty. It is administered by the Vicar in conjunction with the Resource Team. Analysis of Transfer b&ween Funds - 2021 £1.500 was transferred from the Reserve DeSnated Fund to the General Fund- Resetves Note on page 2. Page 10
Analysis of recelpts and payments Total ure$trICted ated Restrict Endowment Thls ear INCOME AND ENDOWMENTS Donations and lega¢le8 Gift Aid- Bank Gift Aid- Env8lcyes Cxher planned gNirMJ Loose plate lIOn$ Toddler Group Donations Pop In Group Donations Place 01 Wolwme Donations Donah"ons appeals etc Tax recoverable on Gift AIJ Non-recurring on&off grants Other ftJrKls generated 22,1 22,188 290 16,252 2.256 381 818 22,165 1.294 15,503 518 230 289 16.252 2,2 3S1 752 19 278 278 1,403 161 48.572 5,683 161 53,870 1,779 478 43,709 T(rtal 4,233 Income from charitablo activille8 Fees forweddirKJs and neralS 3.162 3,162 Total 3,162 3,162 Other tradlng activlties Hub lor Grub BcM)kstsii sales- fijnd raing Church hall lettings- fvnd raising Miscellaneous sales- fijnd rai51ng Tclal 240 240 10.553 10,553 30 10.828 6,285 10.828 6.285 Investments Bank and buildirKJ soc4ety inlertr81 T(tsl 17 17 17 17 Other income contribub.ons from other thurcEs Ti*al INCOME TOTAL 63.578 4,233 68,876 EXPENDITURE R•ising fund$ Costs of letes & otrEr events 74 74 4,231 4.231 2.152 Expenditure on charilable activlti8# Giving to missionary socaetses Ministy parish share etc Parish Share Support inistry Asssstant- HMRC Paymertt Working expenses ol Innt 3.128 30,514 ,514 5,148 33,726 12,7601 331 398 67 87 Page 11
Working expenses ofcurate Vlcarage h)use 8XpereS Vicarfs teleone Educabon Church runr¥ng- insulare Church office- ph(rtocopier Chur¢h- Broadba(vJ Church TTTraintenance Churth cleaning Church semce SupleS Toddler group suppl Refreshment supplies Place Of Welcome Swplies Church equipment Churth communutons Church runniryJ- ele¢tric Churth nJnnirvJ- gas Church running- water Chur¢h running- heating and lightiTrJ Churth running- waste collection Total 230 128 249 1.499 572 527 5,230 73 102 128 249 1,499 572 527 8.272 73 1.428 760 572 6,111 3,042 17 121 17 69 95 731 122 2,282 122 107 151 151 .360 768 50,301 3.111 Other expenditure Other outgoing resol}r I p*ments Total EXPENDITURE TOTAL 422 422 48.310 54.627 GRAND TOTAL 15.268 12 1,031 14,249 919 Page J2