Annual Report and Financial Statements of the Parochial Church Council of Wolverhampton St Matthew For the year ended 31., December 2023 Charity regislralion number." 1183263 ST MATTHEW'S CHURCH WOLVERHAMPTON Page I
ST MATTHEW'S CHURCH WOLVERHAMPTON The Parochial Church Council of Wolverhampton St Matthew Trustees, Annual Report for the year ended 31., December 2023 Charity registration number.. 1183263 Objectives and Activities The Parochial Church Council of Wolverhampton St Matthew (the PCC) has the responsibility of co- 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 spiritually responsible for the maintenance of the church. The PCC is committed to enabling as many people 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 services can involve the many groups that live within our parish. Our services and worship putfaith into practice through prayer, scripture, music, and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. Public Benefit The trustees of the PCC are aware of the Charity Commission's guidan on public benefit in The Advanment of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Wolverhampton St Matthew it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefrt to the public by.. Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers-, and Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. Reserves Policy St Matthews reserve policy was reviewed at the PCC meeting held on 22nd November 2021.The reseNe 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 maintenance. This amount is held in a separate designated fund. Other free reserves at 31 Dember 2023 were £41,157 {2022.'£21,230). Safeguarding The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline 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, office holders, volunteers or to olhers who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charity's property or harm to the charity's work or reputation. The trustees are not aware of any Serious Incidents in the last year. Fundraising The PCC takes its fundraising responsibilities seriously and is very grateful to all donors- whether regular or occasional - for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special 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 place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal 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 governed by the Parochial Church Council Powers Measure {1956) as amended that came into effect on 2- January 1957, and the Church Representation Rules (contained in Schedule 310 the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative 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 importance in the parish, and for all financial matters. The PCC usually m&t 7 times a year. Given its responsibilities, the PCC delegates the implementation of our vision statement to the Ministry Leadership Team, who share responsibility for day-to-day leadership with 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
Reference and Administrative details The Church is situated in East Park Way, Wolverhampton, VVV12DN and is part of the Deanery of Wolverhampton, in the Diocese of Lichfield. The correspondence address is the Vicarage, 14 Sydenham Road, Wolverhampton, West Midlands, WV12NY. Registered charity number 1183263. Our website address is". htt s.'lkn.stmatthewswolves.coml PCC members who have served from 1. January 2023 until the date this report was approved were: Ex Officio Members The Incumbent Curate Churchwardens The Reverend Matt Hird (Chair) Gareth Manser Lee Blakemore from 3110312019 Jay Coley from 2610512021 Deanery Synod Reps Rebecca Hedger from 16104123 Jack Hedger from 16104123 Charlotte Taft from 16104123 Elected Members Rachel Reid secretary - elected member from 2610512021 Charlotte Taft until 16104123 Chetan Patel from 16104123 Chioma Okafor from 2410412022 Lynne Lawrence from 2410412022 Jo Corkery from 24104122 Ann Macmanomy from 24104122 Brian Palmer Treasurer until 27103123 Names and addresses of advisers Bank Lloyds Bank Queen Square. Wolverhampton, VW1 1RF Independent Examiner Approved bythe PCC on............................ 2024 and signed on its behalf by: Reverend Matt Hird (Chairman) Rachel Reid {Secretary) Page 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 31. December 2023 which are set out on the following pages. Res ectlve res onsibilities of the Trustees and Inde endent Examiner The charity'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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5){b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of Inde endent Examiner's Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, 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 Examiner's 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 lo enable a proper understanding of the accounts to be reached. Signed.. Date.. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finan St Marys House, The Close, Lichfield. WS13 7LD Page 5
The Parochlal Church Council of Wolverhampton St Matthew Financial Statements for the Year Ended 31., December 2023 Accounting Policies The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. Fixed Assets Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens 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 time). For anything acquired prior to 2000 there is insufficient cost infomiation 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 purposes 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 included in its 'Yree 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 provided 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 balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Endowment funds are restricted funds that must be retained as trust capital either permanently 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 unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Page 6
The Parochial Church Council of Wolverhampton St Matthew Financial Statements for the Year Ended 31., December 2023 Receipts and Payments Account UnrestrTCted funds DesignatedRestrlct¢dEd0rn¢¢ Total Prlor year fund5 funds fund$ funds total funds Intome and endowments fr¢)m'. Donations and18gacies Income from charitable aclfvfts Other trading activit8 Investments Olher Income Total Income and endovm)ents from: 50,445 2,246 10,383 421 6,100 57.511 2.246 10.383 421 53.870 3.162 10.828 1.000 68,876 63,495 966 6,100 70,561 Expenditure on: Raising fiJnds Expenditur? on charitable acUvtie$ Other expenditure Total expenditure on.. 150 44,817 102 45,069 334 1,209 2,229 2,187 2.714 48.213 102 51.028 4.231 50,360 38 54.627 1,543 4,416 Not Income 11oxpendlturel 18,426 IS771 1.684 19,533 14,249 Transfers Gr055 tran5fets between fund5- in Gr05$ transfers been fund5- Out Net in¢ome I loxndItUreI 6,157 4.479 20.104 950 2.628 12.2551 3.529 3,529 1.684 10,636 1,673 19,533 14,249 other recognised galn$ I ltss$e$ Net movement In fvnds 20.104 12,2551 1,684 19,533 14,249 Total funds brought forwarfl 21.053 20.954 724 42.771 28.522 Total funds caffi8d forward 41,157 18,739 2,408 62.304 42.771 Represented by Unrestricted General fund 41.157 41,157 21.053 Designated Appeals & SpeGial ProjeGts Building & Maintenance Discretionary Fund Place OfW<ome Pop In Group Ministry Reserve Fun Toddler Gr(xJp Mintstry 872 5.205 1,518 19 93 13,000 288 4,121 1.394 4.121 1.394 224 13.000 224 13,000 R85tricled Community Events 2023 Easter Event Easter Event 2024 POW Restrided lund Storeroorn Renovation 319 319 48 1,600 156 333 1,600 156 333 156 520 Page 7
The Parochial Church Council of Wolverhampton St Matthew Financial Ststements for the Year Ended 31., December 2023 Statement of assets and liabilities - 2023 General De51 natedRe5trictedERdowmeMtThi$ ear Last ear Current assets- Cash at bank and In hand Lloyds Current Account- Lloyds Savings Acccunt- Cash in hand- 6,916 34,128 115 41,167 4,586 14.153 110.4791 13,912 1,022 62,192 115 63.330 4,661 40,703 115 45.479 Total8 18,739 3.434 Llabilitie5- Agency accounts Agency collectiOn5- 1.026 1.026 2.708 2.7Q8 Tota15 1.026 Grand total ststement of assets and liabilities- 2022 GelleiAI ateilRe$tii¢te(IElldoii'iiientThis s-eal. LRSt i-eai. Current assÈts- Cash at bank and in hand Lloy45 cyrn1 Ae¢ounl- Lloyds Savings Ac¢ount- Cash In hand- 7.59) 13.518 115 21,229 4,519 16,475 17.4531 10,709 4,661 4D,702 7.763 22.631 115 30.609 Total$ 20,994 3.256 46A79 UablllJes- Agency accounts Agency colleclion5- 2532 2.632 2532 2,632 1.g88 1.988 Totals Grand total 21 29 723 28.621 Fund movement by type - 2023 ¢nin IncomiR Out oin Transfers Gain5Aosses Closin Building- Building & Maintenan Designaled 5.205 5,205 1.084 1,084 4,121 4.121 Sub-total for Bulldlng Community. Communlty Events 2023 Restricted 2.CQO 2.000 1.681 1,681 319 319 Sub4otal for Communlty Dlscretlon- Dlscretlonary Fund Designated 124 124 1.394 1.394 su101 for Dlscrotlon 1,518 Easter Eve- Easter Event 2024 ReslrKled 1.600 1,600 1,600 1,800 Sub-total for Ea8tsr Eve Easter eve- Easter Event ReStred 48 48 48 Sub4otal for Eastereve POWRES - POW Re8trtct8d fund Restricted Sub-tolal for POWRES 158 156 Parlsh Ene- Parlsh Energy Fund Page 8
ReStrted 1.0 1,0fy) 1.000 1,000 Sub-totsl for Parish Ene Pow- Place OfWel¢ome De$lgnated 19 19 19 Sub.totsl for Pow Pop In Chr- Chrlsth)as Meal Pop I ReStrted 500 500 500 soo sub.total for Pop in Chr PoplnGroup- Pop In Gr0p Mlnl$tr Desunaled 93 93 966 966 334 334 500 15001 224 224 Sub4otal for PoplnGroup Prolects- App8als & Speclal Pr DesigrFated 872 872 872 18721 SLFb-total for Piojects Reserwe- R05erve Fund Desiqnaled 13,WO 13.000 Sub-total for Reserve 13.000 Store room- Stororoom Ronovatlon Restricted 520 520 187 187 333 333 StOtal for Store room Toddlèrs- Toddler Group Minist Designated 288 288 288 12881 Sub-total ft*rToddlers Warm Welco- wa Welcome Energy Restriclad 1.000 1,000 Sub-totsl forwami Welco 1.000 General- Gener31 fund Unreslricted 21,053 21.053 63 495 63,496 45.069 45,069 Sub-total for General 1,67B 41,1S7 Grand totsl Fund movement by type- 2022 lllcojlll Out olll Ti'?llsfeis Gilllsllos$es Closl 8uilding- Building &JAoU)k Oesignaled 5.205 5.205 5.205 5,205 S¥b.totsl for Bulldlng Dls¢rebon- Di¥rrelionary Fund D851gnaled 30 30 1.548 1.548 1.518 1,618 Sub-total for Dl¥cretion East6r8v8- Easter Ev8nt Reslncled 2.000 2.000 1952 1,952 47 47 Sub4otal for Ea¥ter¢v¢ Famlly Famlly Meal Resiri¢ied 200 200 200 200 Sub.totsl for Famlly mea Page 9
NHF- Ener. Nattonal Hardship Fu Oesignaie D8signal8d 950 950 g50 950 Sub.totsl for NHF- Ener ?.S. POW Re5tr1¢t8d fund Reslncled 225 225 69 156 Pow- Placè ofwelcome Designalod 19 Sub-total for Pow 19 PoplnGrgup- Pop In Group D8sgn8led 100 100 73 sub.total tor PoplnGroup 66 166 Projéets.Appeals & Speeial Pr Designated 871 8T1 871 871 sub.total for Projects Resetrve- Res8r¥è Fund Dg519naied 13.0 13,000 13 000 13,000 Sub-total forReserve Store room- Storeroom Renovafjon Restricied 2.233 2,233 1.713 1,713 871 871 sub.total for Store room Toddlers- Tgddler Group Mlnist Designale 132 132 30 30 125 128 287 287 sub.total for Toddlers ZIP 8oller-Zlp Boller Bw And I Rèsiri¢ied 1328 1.328 Sub-total for ZIP Bollèr 1,328 General. General fund Unrestricted 7.457 7,457 63.753 63,753 48 309 48.309 1.673 11,6731 21.229 21,229 Sub.totsl for G•n¢ral Grand total Page JO
Fund Descriptions Designated Funds Building Maintenance- for the maintenance and upkeep of the church building Community Events 2023- grant given by the council to help run events in the community Discretionary Fund - money to help support the local community e.g. food parlS Easter Event 2024- grant given to help run events in the community in 2024 Pop In Group Ministry- donations to help fund outings such as a Christmas Meal ReseNe Fund - part of the PCC'S Reserves Policy is to keep £13,000 aside as per note in The Trustees Annual Report National Hardship Funding - donation from Lichfield Diocese to help with energy costs over the winter. Restricted Funds Place of Welcome - received a one-off donation towards ongoing costs of Place of Welcome Pop In Christmas Meal - grant from the council to support the Pop In Christmas Meal Parish Energy Fund - grant from the Diocese to help with rising energy costs Storeroom Renovation - grant for renovating the store room Warm Welcome Energy- grant from for being Warm Welcome space to cover energy bills Analysis of Transfer between Funds- 2023 There was a reorganisation of the designated funds to reflect how the finances are currently managed and create a tidier system moving forward. This included removing Appeals & Special Projects, Toddlers, Place of Welcome {Designated). £500 donation from the Popln into the General fund, as they received funding from the local council for their meal, they agreed to release funds back into the general fund for church. Analysis of Transfer between Funds - 2022 The Discretionary Fund was made as a way of putting money aside to help and support the wider community. It is administered by the Vicar in conjunction with the Resource Team. Page JI
Analysis of receipts and payments Total Restricted Unrestrieted Desi nated Ettdowjnent This Last ear INCOME AND ENDOWMENTS Donatlons and legacies Gift Aid- Bank Gift Aid- Envelopes Other planned giving Loose plate collections Toddler Group Donations Pop In Group Donations Place Of Welcome Don81ions Donations appeals ete Tax recoverable on Glft Aid Non-recurring one-off grants Other funds generated 22,881 900 16,462 2,557 22,881 900 16,462 2,688 665 835 119 317 5,645 6,100 900 57,511 22,186 290 16.252 2,25S 381 818 184 278 5.380 5,683 161 53,870 131 835 119 317 8,100 900 50,445 Totsl 6.100 Income from charltablg actlvitles Fees for weddings and lunerals 2.246 2,246 2.246 2,246 3,162 3,162 Total Other trading actlvities Hub for Grub Bookstall sales fund raising Church hall lettings- fund raising Miscellaneous sale$- fund raising Total 40 240 10,343 10,343 10.553 30 10,828 10,383 10.383 Investmgnts Bank and building society interest Total 421 421 421 421 17 17 Other income Contributions from other Churches Total INCOME TOTAL 1,000 68,876 70,561 Page 12
EXPENDITURE Raising funds Costs ol fetes & atr events 150 f50 334 334 2,229 2.229 2,714 2,714 4,231 4.231 Total Expendlture on charitable activities Giving to missionary sodelles Ministry parish share etc Working expenses of incumbent Working expenses of Gurale Vicarfs telephone Education Church running- insurance Church office- photocopier Churth- Broadband Church maintenance Church cleaning Church service supplies Toddler group supplies Refreshrnent supplies Place Of Welcome Supplies Church equipment Church cornmunicalions Church Tunning - electric Church running - 9as Church running- water Chui¢h running- Waste collection Governance costs examinalionlaudit fee 6,372 21,072 159 1.080 368 72 1,653 678 630 6,372 21,072 283 1.080 368 72 1.653 678 630 1,271 752 1,358 78 204 3,128 30,514 e7 230 128 249 1.499 572 527 8,272 73 1.oc 124 1,084 187 752 1,358 78 204 69 1,050 776 2.583 5.580 181 1.050 776 3.110 7,053 181 95 1,364 2,282 122 151 527 1.473 174 174 Total 44,817 1.209 2,187 48,213 50,360 Other expenditure Other outgoing resources I payrnents Total EXPENDITURE TOTAL 102 102 45.069 102 102 51,028 36 36 54.627 1.543 4,416 GRANO TOTAL 18,426 577 1,684 19.533 14.249 Page 13