The Warwick Team Ministy St Paul's Church by the Race¢ourse Frlars Street 8uilLling up In the To fftach Wa yof Cfvisl Flis Swl and Ihe World Warnick CV34 6HA Charity ￿.. 7 127224 www.stpaulswarwick.co.uk ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL And Financial Report for the year ended 31st December 2023 Parish Office and Address for Correspondence,. St. Paul's Church, Friars Street, Warwick CV34 6HA Telephone101926) 499533 Team Vicar: Bank: Independent Examiner: Gagandeep Ubhey Edwards,Pearson &White. 8 Jury Street Warwick CV34 4EW Reverend Jonathan Hearn St. Paul's Vicarage 33 Stratford Road Warwick CV34 6AS Lloyds 12 Swan Street Warwick CV34 4BJ Administrative Information The Parochial Church Council of St Paul's Warwick is a registered charity, registration number 1127224. Members of the PCC are also trustees of the charity. As a regis- tered charity we are required to file an annual report and accounts with the Charity Commission as well as Wlth the Secretary ofthe Diocesan Board of Finance under the Church Representation Rules. In 2023 the following persons served as members of the PCC.. ream Vicar.. Wardens.. (appointed annually) Reverend Jonathan Hearn Mrs Hazel Phillips {& PCC Secretary) Mrs Sheila Pink (&Treasurer) 2 Representatives on Deanery Synod (2020-2023) Elected Members." Mr. Richard Akers Mrs Pal Kibbler Mrs Suzanne Wilkinson Mrs Stephanie Burdett 12022 elected for 3 yrsl (2023 re-elected for 3 yrsl 12023 elected for 3 yrsl (2022 Elected for 3 yrs) Structure Governance and Administratlon Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting {APCMI in accordance with the Church Representation Rules, or co-opted (without voting rights) by the PCC for specific purposes. It has been agreed that members of the PCC could serve for three years before seeking re-election. Ob"ectives and Activities The Parochial Church Council (PCC) of St. Paul's has the responsibility of co-operating with Ihe incumbent, the Reverend Jonathan Hearn, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the maintenance of the Church and grounds and legal and financial duties relating to the Church's funds. Electoral Roll The next complete revision of the Electoral Roll takes place in 2025. In 2023 the number on Roll at the Annual General Meeting was 34. Review of the Year 2023 During 2023, six formal PCC Meetings have been held plus one extraordinary meeting in October. Standing Committee has made decisions as necessary and the Finance Team has met regularly. Looking back over 2023, the PCC has had a proactive year, moving some projects fO￿ard and instigating others whilst always being mindful that it should be good 5tew- ards of the church resources. The PCC has been doing all it can to secure the future of the church, knowing that Jonathan is retiring in 2024, although not in April now but at the end of summer 2024. Conversations with the Leadership Team and PCC have continued with Rev David Brown of St Michael's Budbrooke throughout the year. In June, David and his family welcomed both PCCS to their home for a joint meeting, where we enjoyed food and fellowship together and members of St Michael's shared a little about the life of each of their four church communities. At the extraordinary meeting in October, it was agreed that David (who has been work- ing hard behind the scenes) would take a proposal to Archdeacon Barry Dugmore as he has been kept informed of our thoughts so far. One possibility under discussion is that David could be appointed Team Vicar butwe also look for a church planter, some- one with a hearl for people, new growth, mission and evangelism. This could be either a new curate, an ordinand, someone in their second curacy or a licensed lay worker. At the time of writing, it is uncertain if there will be a period of interregnum but David has been very encouraged by discussions thus far. David and Jonathan have also continued to work together on the West Wa￿1Ck Youth & Schools Project. Until July 2023, Gabriella Campolina, our PAIS intern from Brazil, worked with the PAIS interns based at St Michaels, JJ & Lilli, and together they helped with Lego Club, assemblies at Westgate and Newburgh and took part in ser- vices at St Paul's. JJ and Lilli left for pastures new during the summer, leaving Gabi to step into the role of team leader when new interns, Manka from Cameroon and Ellie from Germany, arrived in September. Manka attends St Paul's on a first and third Sunday and has settled into a routine ofwelcoming, reading and leading intercessions. It is planned thal the three girls will be leading elemenls of a service together one Sunday every half term. The PAIS team had hoped to incorporate the Message Bus into their youth work but because of ongoing differences and diffi¢ulties with the operating company this only happened sporadically. Following lengthy discussions, the Wa￿iCk and Budbrooke Churches Community Outreach Pool, a new charity formed out of the existing Project Pool, agreed not to continue the contract with The Message. Thrive will take over the maintenance and management of the bus, while the charity will own it. It will be re- branded as the "Thrive Bus., given a respray and a new driver will probably be em- ployed. The West Warwick Youth & Schools Project was keen to appoint a Schools, Families & Community Outreach Worker so by the end ofthe year il was good to announce that Caroline Mara had accepted the position. It followed after quite a protracted process, involving two interviews and a revised job description, together with an increase in the salary offered. Caroline will take up her role as the West Warwick Families, Schools and Youth Project Lead in February 2024, working thirty seven and a half hours a week, and will worship at st Paul's. This is all part of the focus in recent years to work with young people building on the links we have with them through our involvement in the local primary schools, Make Lunch, Lego Club and the new venture started in the autumn for a Youth Cafe. Continuing to look to the future, we received quotes for new, improved lighting in both the church and the hall and one for a replacement sound system. It was decided that we did not have sufficient funds to move fO￿ard with a new sound system at this lime but were fortunate to secure part funding from the new charity, the Warwick and Bud- brooke Churches Community Outreach Pool (previously the Project Pool)) forlhe light- ing scheme, enabling the project to go ahead. A faculty has been applied for but at the time of writing we are still waiting on a decision from the diocese. Towards the end of the year, Jonathan contacted Tree House Media to discuss the possibility of replacing the projector (no longer working) and dropdown screen, with o monitors attached to the angled walls either side of the East window. A quote of £7,920 was received and approved by PCC in January 2024. A faculty application will have lo be made for diocesan approval for the installation of the scheme. Ever mindful of looking after our financial resources, the treasurer negotiated money- saving contracts with BT for our phones and internet and with a new energy firm for our gas and electricty supplies. She also successfully negotialed a new rental agree- ment for our photocopier which included a new machine. Given the current energy crisis, Pat and Edward Kibbler had volunteered in the winter of 2022 to open the church every Monday morning as a Warm Space for the local community. This continued throughout 2023. Edward used some of his time on the premises to dig over and weed the Rose Garden and borders, following the work done by two other gardeners at various times. Bare root roses and lavender have now been planted, with the intention of bringing the Rose Garden back to its former glory. The TLG Make Lunch team have once again been blessed this past year with gener- ous funding and donations, overseen by Audrey Akers in her role as administrator, enabling them to continue to deliver food parcels- Boxes of Hope - to families in need and to provide activity sessions and a hot meal in church on Fridays during school holidays for lo¢al children and their families. Some of the volunteer team joined to- gether in church one evening in May for an interesting TLG conference on Zoom. The TLG Early Intervention mentoring project has also continued, with our men- tors, Jonathan and Richard Akers, being joined in the autumn of 2023 by others, working with pupils at Newburgh Primary School, identified by staff, who would benefit from additional support. Our Parish Safeguarding Officer, Pat Kibbler, ensures that all church leaders, employ- ees and volunteers have received the correct training and have DBS checks in place. She also ensures that PCC complies with the duty, under section 5 of the Safeguard- ing and Clergy Discipline Measure 2016, to have due regard to the House of Bishops, guidance on safeguarding children and vulnerable adults. She has attended various training sessions during the year, including a national safe- guarding course on Zoom, led by the diocesan advisor for Gloucester. The fo¢us of the meeting was talking to children about how to keep themselves safe. Pat has dis- played posters in church which contain information of where to find support, re- sources and the number of a help line. At each PCC meeting. safeguarding remains high on the agenda and reports are given of more mundane church maintenance issues under the heading of Buildings and Grounds. Mission and Social evenls are discussed and reflected upon, such as the planning of an occasional lunch, Seniors events, and the Christmas Charity Coffee Morning. Under Worship, it was agreed to purchase a necessary replacement for the keyboard. We hear of developments in our children's and youth work and learn of discussions at Deanery Synod, Churches Together in Watwick and Team Council. It is always heartening to see the church used for other events besides the usual Sun- day service. So it was on Friday 3rd March when folks came together to celebrate the country of Taiwan during a service for the World Day of Prayer, followed by a light lunch of soup and a roll. The church has also been used for choir rehearsals and perfomiance5 and Jonathan is always pleased lo welcome pupils from the local pri- mary schools for their Christmas setvices of Christingles and carols. Particularly emo- tional was the return of the uniformed organisations for our Remembrance Service in November, the first we've held with them since Covid. It was lovely to hear that they were so pleased to be back. We pray that in 2024 we will all be able to embrace new opportunities as well as chal- lenge5 as we look ahead to a year of inevitable change. Hazel Phillips PCC Secretary Financial Re We have a Finance Team which usually meets most months to support the work of the Treasurer and. as and when needed, the Treasurer of All Saints Church is willing to give his assistance. Our income is made up from both Unrestricted and Restricted Funds. The total re- ceipts on ordinary unrestricted funds were £31,319. This consists of £4,266 received for Parochial fees for occasional offices, a significant proportion of which is the fee element payable to Ihe diocese. Restricted Funds comprise the grant received from the King Henry Vlll Endowed Trust direct to the church for of £51,894. The additional funds received from the Trust were for projects the church administered on behalf of Transforming Communities. The other Restricted Funds are the income generated from the E D Shepherd Endowment Fund of £9,746. Our total income for the year from both unrestricted and restricted funds was £172,459. St Paul's is one of the five churches in Wa￿iCk and Budbrooke that is the recipient of annual payment5 from the King Henry Vlll Endowed Trust, which was set up in 1545. The amount to be paid to the Chur¢h is set out in the Trust's Scheme, which is appro- ved by Ihe Charity Commission. All payments are restricled and can only be used for the prescribed purposes of furthering the "religious and charitable. work of the Church of England in the parish to which they are given. This is a significant source of incorne and has enabled us to support our local schools and local community groups and our own activities reaching out to our community. The income from Ihe Trust also covers our contribution to the training element of the Diocesan parish share. From our unrestricted funds we contrtbute a small amount to the support fund, making a combined sum £18,781. In addition to the money given to St. Paul's the Trust makes payments direct to the Diocese to cover the cost of the stipend, pension and housing of the Team Vicar. In 2023 these payments amounted to £46,935. The E D Shepherd Endowment Fund is in a unittrust forthe sole purpose of generating income which is restricted for use on the church fabric. As the last qu inquennial works were completed in 2022 and there have been no major expenses in 2023 the usuable funds have starled to increase again. However there is a retainer that is still outstan- ding. We are in discussion with our architect and the contractors to see if this might be reduced as it doesn't make much sense to redecorate a small area when we are thinking we might need to redecorate the whole church. The next quinquennial ins- pection is due in 2024. We also have a Couple of faculty applications with the Diocese - one to replace the lighting and a second to adapt the audio visual system as the projector 15 no longer working. The new lighting scheme, which we had hoped to complete in 2023, will be more energy efficient and enable us to reduce our Carbon footprint. Our total expendFture for the year was £131,368. As a result, the year ended with an excess on the year of £41,090. This is due to an underspend on the restricted funds for the West Warwick project. So the balances carried forward on 31st December are £100,824 in unrestricted funds and £359.749 in restricted funds lof which £284,480 is the capital investment in the E D Shepherd Endowment Fund which cannot be spent). Reserves Pollc It is the policy of the PCC to maintain balances in restricted funds, which may be used within the parish and unrestricted fund5 which equale to approximately nine months payments, to cover emergency situations Ihat may arise from time to time. 11 is also our policy to invest our funds with the CBF Church of England Deposit Fund and Investment Fund. Approved by the Parochial Church Council on 21st March 2024. Revd Jonathan Hearn Mrs Sheila Pink {Team Vicar) (Treasurer) Independent Examlner's Report to the Trustees of St. Paul's Church I report to the charlty trustees on my examination of the accounts of the charity fur the year ended 31 December 2023 which are set out on pages 8 to 14. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the aecounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examinatlon I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- l. accountlng records were not kept in respect of the charity as required by section 130 of the Act.- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination. I have no concerns and have tome across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gagandee bhey FCCA Edwards, Pe3r50n & White LLP Chartered Certrfied Accountants 8 jury Street Warwick CV34 4EW 28 March 2024 Pccof 5fpauf5.Warwlck sMeDRTht¢Jf Mnan¢IJlArt￿11lesfOrth•y23rEn￿d3I. Dtternber2Q23 DrKM)lwadn¥Anlmeom•a￿￿1%￿nd1l￿r•attO￿ntk Unrestrlrted Fund5 Restricted Fund5 Shppherd Fu￿5 2D23 2022 Income and Endawmentsfrom". Donations leycles Inve5trnentincome 21.034 1,270 9.015 1.394 152.428 11,016 9.016 181.372 9,545 7.668 9,746 Od*rin{LYninBre5wros rar41 thwrnln¥Rp5W￿e5 1.319 131.394 9.746 172,459 I98.$85 EwendItU￿Qn'. (￿￿ta￿e1clhrytiE$ 34.272 89.610 7.487 J31.368 219.066 T￿aIReso￿T(es expendej 34.172 89,610 7,487 131,368 219.066 NEtinctsMln￿ovtSQlThgrÈ$￿IttS 41.784 2.259 4LWO Uvrealw 8aknlllos5lon 5Dve5tment 3.124 24,658 27.7&4 1318621 Transfws fund5 Netmllvetnentin Fund5 172 41.784 26.917 6a873 ($9.343 Re(ontiliatson of Fun Total Fundsbrou8hl Foiward Re*locaiion of unre511irtEd fund5 ToralfU￿5 c3rnedfoiward IQD.652 20.549 270,399 351.700 451.040 100.824 62,433 297.316 460.573 391.700 Thtststementol Financk4 ACt￿ties1￿￿oeS allgainsand 10sse5rewgDised Intbeyear_ PCC of St Paul'5, Warwltk Statement of Flnancial Posltlon For the Year Ended 31° December 2023 Notes 2023 2022 Fixed A%sets Investrnents 320.526 292,743 Current Assets Cash at bank and in hand Other Debtors 141,454 2.803 615 100,266 2,538 778 Prepayments 144,871 103,582 Current Liabilities Creditors Aceruals 4,824 4,624 Total Liabilites 4.824 4.624 Total Assets less current liabilities 460,573 391,700 Net Assets 460,573 391,700 Funds Restricted Funds 62,433 IW,824 297.316 20,649 100,652 270.399 Unrestricted Fund5 Shephard Investment io li 460,573 391,700 Approved by the Trustées: Trustee S Pink Date 215t March 2024 P4rochlJlChurth Cwn¢llof SLPaul'%warwkk Notes tothe Flnandal StatQSnEThts Forthey￿rE￿¢1 31"DE¢emhar2023 l. GenEr&l InlomMtiDn Thepèrochial Church (C￿jn(￿lQfst. paL￿SWar￿cK1s a publicbenefitentity aDdareEks*red£h¥rtYin EnglandandWale5With ChaiityNurnbEI 1127224. The prinupleplaceof a￿l￿1ty]5F[Iar5S1r￿&LWaThryCk. CV346HA. StaremeDtolCornpllHnce The FlftanciJ siatements have bepn prepared In ar0jidan0￿1thlhe£￿￿rth￿e￿￿pèt￿￿s 1997èg3mended bythe ChtsithAcccvniing RewlaU￿5 2W6 tDgetheiwrth wplitsb1eACCOuntingSta￿afds 102 {Char￿e5115MaIII siaiement of Recommended PraEtiofor(haritie52019. AttOuntlwP•￿cIes Ba51501 P￿Pa￿lOn The Flnancia15tstÈmÈtsts havÈ bèè* wepAredonthehisiorfcl cost b451& The finantialststements ère prewed 1ns12rll￿ whlth 15thefunn￿n0Icv[r￿ncYOt Iheen¢ty#ndrowdÈdtDthÈ fftéar￿t£. GoI￿(0￿er￿ There3fe no Mthr1￿ yTrcerrwnue5abortthe ¢h4r1¢￿5 abilityto ¢ortlinue. Jvdlernentyand K¢YSourco5of Eytkn&tianVncertBinty The wÈparatiOn of the Finan£lalstaiemen151equiie5rn3Dagemeni iornakejvdEEmentS, EStifflatÈsahd assumptions that affect thearnounts ieported. These estymate5¥n&judgernents are Cantin￿allyr￿vIÈWèd and arebased on experlence and Oiber l?cior5. IDclvthng expett3iionsolfuwreevÉnlSthatArÈ believed to bereasonableunder thedfcum5lan￿& No 48nkfj￿t Jud8ern&its havehad to befflade bytheiw5tee5when prepaiin8thÈsÈFINancialStstements. Funds UniestiScted fvnds repre5entihelund50tthePCCth* 8rÉ nf>t5ubietttO anyrestr1rt￿￿Sre8IrdlPEIheLf useand areavailablefor applicatyon On thÈyner PiITPV5V of thE PCC. FUndsde￿8naIedfoI è paitsculatPUFP05e bythe PCCareaknunre5tfjth. Theaccounts Intludeall trnnsxtsons. a55ets ènd Ilabl4tlesfoTwhl(h the PCC15 Tespan51ble in law. T￿ydon0t1￿dL41Èfhe accounisofchurcb 8roups ihai owe th*r man arfiliation to ènoiher bod¥northosethatare Thotfoirn￿ Èatheiinyolchtsrch mernber> Restricted Fund53rehJDd54on4ied for aspEofir puTp05e ￿ advanceandcompiise:. HpTr Vlll EndowmentF At their meetlngon8" December 1988, ihe PtCcon￿￿EFed a repoitand recommendationslrom the HenryWII ComTh￿￿￿e corttmintthe useof the mon&yreieived trom thepiincip31 HehryVII TIu5tlvnd.Ml 5uth moneyfflu51 beusedfoF dÈnned purposes inthe parSsh.3ndlhi5 Pfevefflts dOnati￿S to ch¥lties orto (au5e5 Dutsidethe pir15h. However.havlnitakÈn le&al advice.the PCC 155atyslied th3tWenryVIII funds can bÈ pioperlyused, ￿￿ter a11è. fDral thurth expendilure rdating tolhe tunninBolthe thyrthbudrfingneedsindttttsolminlstryandwoishlp. In 2014 the PCCtookthede051Dn ioc105eihe*par*E bank3tt0unt￿ the newaccouniinepackage Introduced in201315 a￿et0 mana8e al fvnd5andian identify Henrywll moneyto en5uieihat it Isused3ciordinEtathETIu5rdeed5 SWPOrtinithe mLwon olibe thwth The5he herd Be uest The Shepherd 8eque5t Éeneratesincomeeathyear,whSthls lorthepurpoSÈ Df maintenanceolthechwth. T￿(?￿lt¥ Snve5trnentremainS to geneiate in￿Me and tannot ¥etourhed. Th Hower Fund UE ￿thÈr2durt10n sr*lncomeadecllM wa51aken wiutdowh thl the amoufitthe ch￿r￿SPent on Ilowers. A3people like iogivEflowErSin memoryof loved oDesthLAfvndwa55etup sothattheycan be a55uredih* theffloTrÈythey8lve￿ryll bethete torthai purpose. Altar Fund The *13[W￿del￿e[edAnd Paid ltsr In 201& Subsequendythefundha5 been do%*d. 10 ParothialChur2 89.610 7.a87 131.368 219.068 EX