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
Advan￿ment 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 De￿mber 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 con￿rn 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¢dE￿d0￿rn¢￿¢ Total Prlor year
fund5
funds
fund$
funds total funds
Intome and endowments fr¢)m'.
Donations and18gacies
Income from charitable aclfvft￿s
Other trading activit￿8
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 be￿e￿n fund5- Out
Net in¢ome I lox￿ndItUreI
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&ltome
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$tii¢te(IElldoii'iiientThis s-eal.
LRSt i-eai.
Current assÈts- Cash at bank and in hand
Lloy45 cyr￿n1 Ae¢ounl-
Lloyds Savings Ac¢ount-
Cash In hand-
7.59)
13.518
115
21,229
4,519
16,475
17.4531
10,709
4,661
4D,702
7.763
22.631
115
30.609
Total$
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
su￿10￿1 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
ReStr￿ed
48
48
48
Sub4otal for Eastereve
POWRES - POW Re8trtct8d fund
Restricted
Sub-tolal for POWRES
158
156
Parlsh Ene- Parlsh Energy Fund
Page 8

ReStr￿ted
1.0
1,0fy)
1.000
1,000
Sub-totsl for Parish Ene
Pow- Place OfWel¢ome
De$lgnated
19
19
19
Sub.totsl for Pow
Pop In Chr- Chrlsth)as Meal Pop I
ReStr￿ted
500
500
500
soo
sub.total for Pop in Chr
PoplnGroup- Pop In Gr0￿p Mlnl$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
S￿￿tOtal 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 par￿lS
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 & at￿r 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