PAROCHIAL CHURCH COUNCIL OF ST. MARY MAGDALENE, PADDINGTON Registered Charity No: 1131696 ANNUAL REPORT AND FINANCIAL srATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2022
R THE END ER INDEX Tnjstees, Report Independent Examlnerfs Rep)rt 12 Ststement of Flnanclal Actlvlti 13 Balan Sheet 14 Notes to the FlnarKlal Stateftts 15-22
Page I HIAL CHURCH COUNCIL YEAR ENDED 31sf DE MBE st. Mary Mwlene's Church ts part of tr Unittij Benelke of St Mary Maglalene and St Peter, Paddington. It is situated In Rowlwn Cb)se, WarwK Estste, Paddirw. It iq part of the DKxe London wf(hin the Church of England. The cmsrntho a(klre55 ts The VKaTa9e, Rcmiryton Ck)se, LondM W2 srF. The Parochial Church cnC (PCC) Is a reglster8J (harity (No. 1131696). PCC members who ser¥eJ fr(#n 1st January 2022 unth the d thls was apprOd are: Incumbent: The Revd Henry Evwdt thaimwn (unbl 5 July 2022) Fr Henry moved to a new parfsh In Juty. The PCCS of St Mary Maojalene and St Peter contlnue to meet with the Archdeacons of London & (Jorir#J Cxoss to forward In the wcress of findiry a priesL Warde. Viryinia Isht(x) Representauve on the Dea SymI. Lry Rer El&ted members: Carolyn Barker-mlll Chakrdv Cathy Dkett Nlna Irwin Nkholas K The Meth( of appolntnEnt of PCC ffthbers ts set out in the Thurch RepntatIon Rules. All Churth atteThlees a encourdged to register on El&toral Rdl and staThd for eknbon to the PCC. The PCC rt 8 tlmes durlrvJ the year in the thurch or on ZcKYn. DurfiThJ the PCC meettngs tkne was spent on deallThJ vAth matters to byith the lIdIng ryoi&ts, s&eguardiNJ and the apwjintmart of a new priest. St Mary Magdalene's PCC ha5 the resrMMsiLilty of Cpat1 wlth the WKar, in potIng In the eccS135Cal parish the whok of ts urth, Wral, eae11stIC, sctial arNJ erumenkal. It also has Maintenan re5wnsibi1it for the Churth buihdiThJ. In abrKe of a VKar the Churchwardens and PCC member tske on the reS[bIl of nkiklrKJ arrdngernents for worship and Ca of the parish.
Page 2 URCH COUNCIL OF YMAG FTHETR R THEY DED 31ST DE EMBER OBJECTIVES AND ACTIVMES The PCC Is commlited to enabllng as many peopk as rM)SsIb to vh)rshlp at our church and to become part of our parish communty. The P maintains an of worship throughout the parish and makes suggestions on our sthices can inth the many groups that live within our parish. When F4annlng thltles for the year, the Nicar and the FrCI¥3 constdw&J the CommIssn.$ guklan on publlc benefit and, In partKular, the 5peafic guRdae on dHriUes for the advancanent of religion. In partIlar we try to enable ordlnary to out thelr falth as part of our parish communty through: Worshlp and prayeri kamlNJ atout the Gjspel; arKI deping their knowledge and trust in Jesus. Provlslon of p&oral ore for Imng in the parish. To facllitate and furttrer thls work It Is IMrtant that we maintsln the fatk of the (Jurch and ntInue with our restoratlon and drnent rffjgramme ftjr buikllng. Rlik Management The PCC Trustees have overall rwAblllty for the Malkigent of risL Th55 can dlvkled Into two areas, the thurch arna the Proj The Church As a PCC we have regular meetings where we discuss the status of the funds a1 rlsks Involved. In our efforts to Increase colkntions and thnat we thj ask coThJregatlon membets to give generously. All a welccffie and appreaated regardless of the amount dwted. There is no undue pressure In cder to avold causlng finandal problems for irKJNJuals. The PmJert/GrandJunctton The Management PA)ard comprrses Paddington DeveknpnRnt Tn& (PDT) trustees and PCC representatlves. Staff apwintsnents and all financial decisions are m ty the &)ard. DuriThJ the bulldlng work and rerKivatlon, the Board has taken advi from the Projert Man&3er and Cost Consultsnt to avold the Fossibllity of financial Complicatts to the Its &tivibe5. Dlsdosure requlremuts concernlng fundrain9 for charltl Most of the funds have t*en raised frcrfn the NLHF and other charitable trts. When iThJividuals have Ln asked for donauons, thls has teen done In a rKjn.aggreSSe way. The Marwnt E4)ard has had dtscussMY aut cmty axeptiw frcm ethw21 sources. Neither the Church rw PDT any cLYnplaints aLt our fundralsEng.
Page 3 HIAL CHURCH COUNCIL THE TR ENDED 31sf DE ED Churdi aÈtendan There are 30 parishhyws the Churth Electoral Roll. Most crf tlw the roll are re5Rknt wlthin the parish or within 2 miles of the thurch. The average attendar on an ordinary Sunday was 21. Seven weddlngs, vRdding blessings, one funeral, 4 baNlyns and one confiMtion hap[1 in church. With St Peterfs Elgln Avenue we are The Untted Benekn of St Mary Magdalene and St Peter, Paddington. We contjnue to work tctyher with joint seNtes, sc(fial events and administration tasks. Worshlp The PCC are keen to offer a rarwje cl savkes durlThJ the Yfftk over the ypar that communlty ftnd both nefla1 and splrltualty fuifiiiiThJ. Fty exampk EveniNJ PrayEr pnjvkdes a quieL Intymate and rdecknve envlronment for worship whitst %mkle Blble stories, 5irYJir¥J arxj wayers a part of our seryice for the nursery class. St Mary magdane Sch1 had weekty class rnasse5 atteThtsJ by years 3 to 6. Tpwe was a whok schcrf)I assembly In the churth each eek. Major fthals celebrateAJ wlth a Yrtb)le sttKK)l Mass. Jonathan Porter successfulty compthj hls trdlnlNJ 15 now Len( Lay Rer. Befo Fr Henry left, Mass was celebrated daily In the BerrfKe, and Evenlng Prayer tctyjk pla every weekday. During interwnum we vRre tKt able to hotd weekday Servi but have contlnued Evening Prayer On a we Home communlon was gl¥en when requested, we ha¥e nat had any ru5 durlrrfj Interregnum however these would have shared wlth the Area Dean. Before Fr Henry left was a weekly Mass for the Knts cl Fcffrester Court Care Home. This dkl t contlnue whlte we are in interr8Jnum. The Sokmn Mass ft)r S)uls' Day was ab b) take e arKI vms 1 r&ved. Enitialty Fr Henry and then the PCC have contInu1 to publlsh a weekly . The Bishop of Fulham visited the church to Ferform tre Ba&]sm and Confirmation d aal Porter, an adult MeMr of the cowregthn. It tcok pla one 1j aThJ it wa5 a very Inte tmpre55ive se. other Matte A photcJraphlc portraFt of our late Patron John Jullus, Lord NoTWtch was urNeiied in May 2022 recording the gratitude of St Mary Magdakne PCC and the trustees of Paddiw Deveiopment Tnjst for his eththusiasm and support for the developrnt pro]t. On the same evening there was a tour of the Nlnlan CcAnrEr chapel in the undercroft wth speed5 about its history and restoration. indudiThJ Oliver the conseIC architt. Thanks, were also express&1 to the volurrteets who haj helF*d thrrwhout prop Organ EAower. Work to red the amount of wiTrJ escaping h&£ now bw¢ OUL
Page 4 PAROCHIAL CHU . MARY REPORT FThETR MBE AllCa andmalntenan PDT undertakes all care and rna1ntenan of the buildirKJ. In 2019 A Quiwuennval InsOn of the buildlng was carried out by the IrWir4 Architect Oliver Can)e. Tr reFrfXt has yet been red. Safety All safety requlrements were met by PDT. In interregnum a numtsr of PCC members have recrf& tralniry in dealing with Health and Safety systems includlng; securfty alami, fire ala aTrJ thair. Developmwt Project: Grnnd Junctlon. The PCC has, for over 15 yeats, teen Inv(4%Ed In a Fortner5hlp with Palington EvRhjynt Trust (PDT) to develop the churth bulldlng for communty use aknngside use for worship. This has resul1 in the Project, whlch has camed out ConsetVatn works to the church. and built an extension against the west wall wh enables access to all levels, as well as pr(NidiThJ mcéem faalities, a communlty café ar an educath)n rc1. PDT has a lease uler facufy, for 25 yea, of nb)st of the bulldlng, enablSrwJ It to cary on such actlvltle5 a5 a approprlate. As part of the Proj, whth Is now ca1j Grand Junctknn, PDT delivers communlty programmes in the bulldlrKJ. Tr Grand Junction programme is enabling us to serve the parish mLth more effectlvely in aCcOrdae with our MissKJn Action Plan and put the church at the serte of the community as our founders InterKJed. A full GrarKI JurKth)n repxt follTh The governan of Gra$ Junckn Is thrh a MaThigrnt F4)ard comprlslng PDT trustees and PCC representatfves. The Board Is chalred ty Dr Blll J&ob, the ftjrn Archdeacon of Charing Cross. Stsff appolntments afKi all finanaal thslons a made by the Board but the PCC retains Ws statutory rights and myst inthte any applications uTrJer Faculty jurisdictw)n. Fr Paul Thcffi, Rector of St James, Paddlngton, Lesley Chakravorty and Fr Henry are the PCC representatives until July. Following thls Dr Blll Jacob, Vlrglnla Ashton and NkY Chaknavorty ve t*)ard nIs. The Annual Ing has adoptsJ a protocol settlng out the pr(Kess to be follow8J in maklng PCC apFL)intments to E(ord, In order to ensure that the PCC Is always YeSented by FEopk irs w1)M ttrw have confkno. The Café Is leased by PDT to Eovlwkns Ltd, a19) run events in buikllry. The conserrfation Comper CkntEI 15 nearty crynwe. The Ctropd has its own Irtyrnm CCnt. Extensfve trials and experiments led to t corKluslon that a careftjl conservakn sIld te the approath, s Wholesa restoration would never last In the prevailing conditiorfj.
Page S RCH OUNCEL OF DINGfoN . MARY MAGD Grand JurKtion at St Mary Ma8dalene's PCC Progress Report, March 2023 Overvlew The past year12022-231 has been an Incredlbly busy one at Grand Junctlon at St Mary Ma8dalene's. One of the comments we often receive from visitors we show round is what a lot we seem to have going on In the buildin& and they are further surprised to hearthe size of the team deliverin8 this volume of activity. The Grand Junction staff team has grown over the past year, but so too have the projerts we are deliveringl While there are stlll hllls to climb in terms of bringing In the Income we need from fundraising and hires, we have already achieved a huge amount POSt-pandemlc, and have effectlvely stabilised our regular offer of adult cla$5es and young people's after-school clubs 50 that the local communltyfeel they can rely on us to offer on80in8 servlces. Malntainin8 the mixed ecology of use that is created by the mix of communlty projects, music and arts events, commerclal hires, and the church Is both an art and a science, but it continued to be done very effectively over the past year. As we build our reputstion wlth music promoters we have seen the contrlbution that concerts make to income generation Increase; with hopes that this will head much further in this direction in the coming years. Our relationship with Bovingdons, the contractor who run the café and dellver our more high-end commercial hires. has continued to be amicable, with any issues on the whole resolved speedily and in a satisfactory way for all. The completion of the work on the St Sepulchre Chapel, with the installatlon of the lights the crowning moment of this phase, is an achievemeryt to be celebrated. Both Grand Junctlon and the Church PCC w*ll now have the pleasure of exploring how this part of the bulldlng can be carefully opened up to wider use. With Fr Henry Everett leaving in the summer, the relationship between Grand Junction and the church has been picked up by the PCC church wardens and has been one of good communication and positive collaboration
Page 6 L CHURCH COUNCIL OF . MARY MAGDALEN PADDIN RT OF THE TRusfE R ThE YEAR Overall numbers attending our classes. PToject& and perforniances continue to grow suggesting that we are effectively establishing ourselves &8 a local reu[C¢ for the community, as well as wider London audiences. itors: Adult cla&w- '" 20 921 visitors in 2022 and 102233 since o nin in summer 2019. Number of sessions for adults in 2022 was 325 classes or project sessions for adult learners, with 4,231 participations Number of sessions for children. young people and families w&s 139 in 2022, with 3,721 participatlons. Swions for chlldren and oun Community nDa Tours: We organised 3 large community events, plus tLK)k part in Westbourne Festival. There have been 2 volunteer-led tours a month, totslling 24. plus a number of bes ke tours for rticular tour In 2022 we ran a volunteer focus group. a visitor survey, a community consultstion as well as re ular monitorin of our In 2022 we worked wilh 82 volunteers. 23 concerts in GJ progrnmme in 2022 all 1Th-pson. 6 shows in our new Famil Perfomiance Consulting th¢ Communi Volunteers: Music events: Adult aasses and l*oJects: Our partnershlp wlth Westminster Adult Educatlon Servlce has allowed us to continue to run our mix of art5 and wellbeing classes across the three terms of 2022. The Grand Junction team also deliver Language Café, which Is an Infomial drop-in for practising conversational English. We ran an adult textlle project In the summer temi called Words for Wellbeing,. In 2022 we explored the potential to be further developed of working with visiting music and arts partners to delNer free community leamlng experiences for adults wtth a workshop from Opera Up Close, who wlll vistt GJ in summer 2023 with thelr Opera The Flyin8 Dutchman. In summer 2022 we also found out that we were successful in reIving funding once again from National Lottery Heritage Fund for a new prolect. Our Shared Heritage. This has supported us to begin a new storytelling projert for adults from Middle Eastern and North African backgrounds, which will tulminate in a performance in early July 2023 as part of the London-wide Shubbak Festival. It also supports us to run a Heritage Training Academy for young people118-25) from Global Majority background5. to continue to deliver our tours, and to run a diverse heritage talks programme.
PAR . MARY MAGDALEN PADDIN FOR THE YEAR ENDED EMBE 22 CONTINUED Young People and SCI015 Programme: Junction Juniors and Young Actors continue to run as our Monday after-school clubs, with a new regular artivity Green Kids Clubs recently starting on Tuesdays. Takeover the Future continues to happen about tswo terms out of three. Our holiday provision steadily increased in 2022, so that we were offering some holiday workshops for young people (mostly primary school age) during every holidayexceptthe Chrlstmas holidays. We also added two Music Management programmes for young people aged 1fv21 to learn about careers in the music industry and the skills they would need to get into it. We have continued to hone our focus on creativity to boost communication skills and wellbeing for the you age 8roups, and employability skills and confidence building for older young people. 2022 also saw the beginning of the Wonderful Words Programme. We were lucky enough to secure two years of funding for this in summer 2022 from Paul Hamlyn Foundation to deliver a programme focused on vocabulary instruction through drama for Years l and 2 children. We are now working each week with a group of 15 children at St Mary Magdalene's, St Stephen's and Edward Wilson. Regularwonderful Words family eventsforthe children tsking part will build on the in-school pro8ramme to introduce new famllles to the activtties happenin8 at Grand Junctlon, The project also greatly strengthens our relationship with our local school5. Communlty Open Days: We ran three of our own communtty festivals in 2022. Two took place in the summer using the green space around the building as well as some indoor spaces. We then ran an indoor Autumn Festival In November 2022. All events were attended byaround 500 people. We also took part in Westbourne Festival with a number of activities. Famlly Shows: In the first part of 2022 we continued our family perfomiancesthrough small pots of funding. In summer 2022 we secured funding from Foyle Foundation to allow us to deliver further 12 shows lover 6 days}, which began to take place from October 2022. Numbers have steadily grown for these performances. with some being attended by as many as i¢X) people. We have recently moved from our very Iow-COSt family ticket to a Pay What You Can Scheme. This allows us to keep our ticket price lower than any othertheatre in London. but also allows those who can afford to pay more to do so. and. Importantly, we can keep track of numbers attending. Family shows now tske place once a month on Saturdays or during school holidays.
PAROCHIAL CHURCH DALEN ILOF PADDINGTON REPORT E YEAR ENDED Isr DE ED Stafflng: In 2022 the team grew gaining three new roles: our Heritage Coordinator. Wonderful Words Coordinator13 days) and a Marketing Manager14 days). We now have three full time members of staff. and six part-time. The new people who have joined us are frttin8 in brilliantly to the team and are off to a great start delivering their projects. Many of the same team remain in their posts and we continue to learn as we go along and build change5 into how we do thin8s as a result. Fundralslng: Fundraising contlnues in earnest. We have recently subm5tted applicatlons to Garfield Weston, Westminster Community Culture fund, and Westminster Communlty Prlorities Fund. We recently found out we were successful in receiving funding from Arts Councll England, which will match fund the Our Shared Herita8e performance in the summer. Bids are currently being prepared for a number of other funders to cover both staff posts and projects. The next big one wlll be to John Lyons Charlty to support our Young People and Families Manager post again. Desplte a great deal of successful blds we sllll have further fundraising we need to achleve for 2023124 in order to avold running at a deficit. Evaluatlon: We continue to evolve and improve our evaluation and monitoring system5. As part of the Our Shared Heritage fundingwe have appointed an external evaluatorto work with us. We will currently undergo some work with an external evaluator for our Wonderful Words programme to shape the evaluation framework for this project.
Page 9 HUR DI TrusrE REND 2022 Our association wth the St Mary Majdalene Must knety crmtinue5. Our annual SirvJers and Sjloists Concert was FEki on May 13th in Conjunct wrth Susw Phjjse Sthool. The 'Summer Serenade, concert fc wind orch was hekj on t(ord Narrow Boats on the Regenys Canal on iith July. The tJruAe Mwnorial Rts1, ¢) anrwjal Organ Rthl, was reformgj by Charles thIw5 on Septamter 22rbJ. On November 2r our annual All ScMJls' Day Mass tvf¢xmeJ libjrgicalty by the St. Mary The churth actfvety ry(Yncts k(al communlty eVts k(al rtskknts fe&J back thelr oplnlons and conM$ ab¢tt k¢al isgJe5. Our webslte ccmUnue5 to be utrfjated, wlth a Ilnk to the Mary M¥Js Ebsrte, thkS to Klm Sadler, of the Neh1)jurtKXKI Enise C&)tre, run ty PDT at St. Pderfs HrMJSe. The benrfitr has a joint tsvttter account Y1h ONV 610 follo5. The foll0vS can keq) up to date w6th news and events of the parlsh. Et is also a very gcoj way d gettirwj folkh0 to 'rtrtsveeY messages to spread an awarwRss of $e5 and social parti13 ar¢xJThJ the Mary Mags Prokd. Tr fdlo¥vers a a mixture of local resKlents, ¢)thw lI91J5 grp5 aTrJ kKal tw'rwses. mnIng Star, an Afrfcan4ed thurth, crmtsnued tph)rshlwrrfJ In the churth on Sundays. Fr Henry's farewell. In 2007 Fr Henry Jom'ned u5 as Ftiest in Charge. Much has been &hEved in the last 15 years. In 29 ioiwj Nwth St Pth5 to fcm a United Benefi and wlth the erKouTagemwrt of the DNxese in 2010 Fr Henry taMe the first Vicar ( the Benefi. He l&J us in formirrfj a partnership with PDT (karml Jutxtirn at St MY Ma's Pathlington enables us to cary out eommunfy missKm %•KKk. He worked unendingly for the rest(xation ar repair of the thurch tr* athlit11 of the rwi wlng. Thls gave us the resSary faalrtE5 f(Y the bulldiw to ie £s)le to all. He tcd( his final servte wtth the Unit8J Bene on the 23rd of ju to shuw our thanks he was presented wlth a bKryde. We W thls tthll usdul rn 1r) hi5 nv•V p7. Thanks We woukJ Ilke to thank all tlb)se tphy) have tskHwJ (r service5 Sir lune.
Page 10 PAROCJIIAL CHURCH COUNCIL OF PADDINGTON Safeguarding Rert for St Mary Magdalene Churth Annual Report January 2022 to D¢¢ember 2022 Poliey .Statement The PCC has adopted the current fonnal wjlicy slatement on safeguarding (2022) and the church is working within its guidelines. The policy is An accordance with The House of Bishops, Policy Statement 'Promoting a Safer Church, (2017) and Protecting all God's Children, (2010) and the Dio¢e5an Safeguarding Policy 'Promoting a Safer Diocese, (2018). The policy sl*ment been signed on behalf of the PCC by Father Henry Everett and displayed in the ¢hur¢h and on the church web8ite. Under section 5 of the Safeguarding and Clergy Discipline Measure 2016. the PCC must have 'due regard, to safeguarding guidance issued by the House of Bishops. Safeguarding is an integral part of the life and ministry of th¢ Diocese of London and 'Safer Churches, is a key priority for our 2030 vision. Everyone who participates in the life of the church and Diocese has a role to play. Contact, Guidanee and Support Our safeguarding policies, procedures and good practice guidance are in place and the PCC will conduct pcriodic reviews. The church website and church display board contains contacts for the parish and social services and details of a rnnge of organisations that offer specific support and guidance. The Diocesan Safeguarding Team (DST) are available 31 the Dioce% of London on 0207 932 1224. The church celebrated Safeguarding Sunday a national mPaign in November. Canon Graham Rainford look the service and incorporated safeguarding matters in the sernion and prayer and hymns. Safeguarding Sunday is a new initiative promoted by Church of England and 31.8 (an independent charity which works closely with the DST} and is a chance to shine a light on what so many churches are dolng to make places of worship safer. PCC meetlngs There is a standard safeguarding item at every PCC meeting on which the church safeguardlng officer reports, and this includes latest news and updates. Discussing safeguarding regularly gives trustees an opportunity to Query and clarify safeguarding matters. No serious incidents were reported as safeguarding issues during 2022. Safeguardlng Procedures The safeguardlng self-audtt which was completed On a year has now been replaced by the Diocesan Dashboard. It is an online tool that helps the safeguarding officer keep track of safeguarding in the church and to keep up to date wtth local and national dianges in safeguarding requirements. The dashboard informs the safeguarding action plan which 15 shared annually and referenced frequently at PCC meetings. DBS checks have been done thls year and training information shared and encouraged. Lorraine Singh St Mary Magdalene Church Safeguarding Officer March 2023
Page 11
PAR
. MARY MA
CHURCH COUNCIL OF
DALEN
PAD
As detslled In the Ftnancial Ststements ttrtal IrKome rAt ordlnary unr&1 fijnds was £32,7 vthiie
total exFeThJiture amount&l to £18,433. The net ann to a of £14,474.
unrestrictsj fund totslkd £68,648 at 31 DeLemtr 2022.
We also ralsed E14,700 frc¥n crynmuntty lett1r. tri[¥J the erthl 31 DecemlH 2022 mIng Star
was agaln the onty thurth shanrvj cmjr bJildr8.
Our agr& Common Furxl ¢xK¢tributK was £7,5fAI' ats congJftth aJ, to refl&t our uncetrln inctyne,
we have agreed a 2023 FurKI offer of £8,1Ka).
Our restricted funds at year de{Ye to £103,166 frLWn £108,384 at 31 Decen 2022.
Given the flucbjation in donati rV1, tre Pwc(hial CIMJrKJI's is ts) retaln sufftlent ftjnds
to continue Its opw'ons. The TnISt have to dlsojss and conshjer stabjs of the
Church's fundirwJ, reserves, rts, arml In$bY.
atement of respon•lblllll¢s of the TrUIt af P.GC. SL Mary Magdal•no In r•yct of th•
Trustw•' annual r•port •nd th¢ fin•nd•l stat•
The Parc
Page 12 IPIDEPEMDEKf EXAMINE PA I retmxt on the nts c the (Jwtty f(Y the w endad 31Si 2022, whKth are set ¢yJt on pages 10 to 19. The Charity's Tr[St a the Fryration of the accounts: The Charfivs Trustees consider that an audit Is rvjt reqimred for thls year 144(2) of the Char P£t 2011 (the 2011 Act) arKi that an IndeFeMknt eyAmination is neojed. The Chantys gross finCe pJcethJ £250,IKIO and l am qualifi8J to uTrJertake the examinathin lry beirJ a qlIf1 cl the tnstibjte of Accountants in Englatxl and Wales. It is my responslbllty to: examlt the accwrts urKJer Secti 145 the 2011 Act to folloN wc(edure5 kid (kJ¥n 9wal re£l5 gibtr ty the LDmm155th urmlw sertlon 145(5Xb) of the 2011A(t . and to state whets partlcular matttss hwe o)me to my attejrtkn. My examination was Girried cdjt in aCcorthn wth the C"rwlKns givffi Lry Chanty Commissbn. An examinatson IncIleS a the ac£ountiThJ reLrrds W brf the thartty aThJ a comrxirison of the accounts preserted wth those renjrds. It also indLxles any unu9Jal rtans or disclosures in the accounts and seeknng expLanatkMs frcth as trustees concemiTrJ any suth rnatts. The proureS undertaken th) not wovkle all the den that would rUired in an audK aThJ conswnty oEYn Is gfven as to Wer the accourts arKI la VW trt rekxvt is limltal to th)se matters set out in next stat&nent. (i) whkh glves me reasLmable ouse to that In ratl IPS tt requlrrnts to keep CoUntirj records In wtth sectkn) 130 of 2011 P£t acoyjnting rwuiremats of tre 2011 (2) to whtth, in my (¥x'r*, slMxJkJ be drm in to Wble a w(per Unders1ng of M B Boydell FCA dell & Co 89 Ch1sW HKJh Ro&1 Londt W4 2EF 2023
PwJe 13 ED CEM 2022 2021 INCOME AND ENDOWMEKfs FROM: Donation5 and legleS Charftsble acbvits Investments 11,373 20,445 1.089 322,168 333,541 20,445 1,089 301,807 12,596 4a) 4b) Totsl: 32,7 322,168 355,075 315,300 EXPENDtruRE ON: Raising fuThJs Charitable actmtles Other 5a) 5b) 17.933 324.586 342,519 3,31)) 651,747 3,3 Total: 18,433 327.386 345,819 655,047 Net IrKoMe/(expltsjre) 14.474 {5,218} 9,256 (339,747} Other reccJnised gair@(kEses)'. Galns/(losses) c revaluatKm cl Invesbnents (4,126) (4,126) 4,145 Net movement Sn fur 14,474 (5,218) (4,126) 5,130 (335,602) ReCOnalia of fiJrKts Total fiJrts jht fcKward 54,174 108.384 41,105 203,663 539,265 Total fiJTrJs carried fcfflrd 103,166 36,979 208,793 203,663 All recogn15ed gains and I are refknl the Statdnatt of FIn3jaI Actfvths. I tFE attwittes rqjxtoj aixjve represa)t c(mtinulThJ ¢wathNLS.
P&Je 14 . MARY MAGDALENE PADDINGfoN 2022 2021 FfxED ASSErs Quct&J Investrnents 36,979 41,105 CURRE ASSErs 161,030 11.862 Cash at bank and In harKI 168,331 194,085 329,361 205,947 cREDORS.. Amount falling wtthin year 9 {157,547) (43,389) NEf OJRREKf ASSErs 171,814 162,558 NET ASSErs 208,793 203,663 Represent1 by UNREsfRicfED FUNDS 54,174 REsfRIcfED FUNDS io 103,166 108,384 ENE(IWME FUNDS li 36,979 41.105 TOTAL FUNDS 2(,793 203,663 Approvgj by ttE ParothM?I Chwth CnCil c 2023 autrKK1S for Issue its behalf by.. Chakr Vlce (Jaim)an Virgln6a
PèJe 15 I. AcCOUNG K)uaES ststutoryinfonnalron The Parothial ChiTch CourKil of the Ecdes]ol Parith of SL Mary Mlene, Paddiwon is a Parish Chwch, doMKid In EnglarKI, with Ihe Charities Conm$ rg3tstrat)n number 1131696. The Church is a thanty and is r8]ulatal by the Charities Ccffimissicffl and ttE ChLrth rf EThJlaTrJ. The registered alress is The Vicarage, R(IWirUt( Ctse, L(, W2 5rF. The finanaal stateMts have been In with AcctsJnttrvJ and RepJtlrKJ by Charities: Statent of Recommended PrartKe aw)licable to dritIeS preparing thelr accounts in accordan wf(h the Finanoal StsThJard applk3bk in the UK aTrJ Republ of Ereland (FRS 102) (effective l January 2015) - (()arltles SORP {FRS 102)), the Finandal ReporttrYJ StaThJard appllcable In the UK and RewLllc of Irdarnl (FRS 102) (as amXI1 IV SORP urmjate bjlletins I to 3) and the charit Art 2011. The Charity meets the definIt of a wblK be entity urxler FRS 102. Assets and Ilabllltles we nitially recognil at historKal c(& trw$aCb value lesS Other statsl In ts relevant accounting Fdicy rKrfs). The flnancial statem•ts are trepa In staliro fUnal currerKy of the tharfty. ACcOtIngl?es The prinapal cnng tdkks in the Warati( of ts flnanclal Statem are set cut below and have m01rd Uncha fiDm tts trei$ year. aKI aL80 have consistendy appl withSn tt saffe Crts. (a) ofAcr6Ymti The finarKial statements e been ryepared In &COrdan wth the current Church Accounting Regulath)ns, together wrth awlvJble accounbro stsndwds and Chariknes SORP (FRS 102). The finarKial ststements have be rffepar&J the hlstorical cost C{YtiOn as modthed by the Incluskn of investments at mwket value aThJ the rewa1uatl( of fix&Y assets. The finanoal statements Include all tranwtions. assets arxl ftr whth PCC is resklb in taw. They do nc Indude the accujnts of d)urth grouF6 that thve tha"r affiliatMX7 to another b)dy, nor those which are Infomal gathenrwjs of chwth memt
Page 16 AROCHIAL CHURCH COUNCtL GDALENE PADDI I. AcCOUNG Ff)uaES IC0.nJ) (b) Funds Funds held LN the PCC are: Gwal fvts whtth can be for Ffc (dinary wrp)ses. In the terms of the trt or beqt. DOnatiOr or grants Te1Ved fLY a sf obkrt Inv11 tre KC ts a spedfic obFtt. The funds may only be expentsj on speoft whith try g. Any baLae ranalnlng unspent at the e1 of year is cwriejj fciYard a5 a balan C that fund. (c) resour All incomlThJ r4)ur e KOnted for grc6S. Collertlons are reCOJned wl¥td. Planned gNing recavBble 15 when I3. Grants ar¥J Wies wkn PCC is legalty to the arwnt due. acuue. All ots inccwne is reccN)niJ when It Is re£dvatk. Realised gains are reCcgn1 when in¥Thtrnts are sokl. Unrealised gains and ILBses ¥e nte for cm reBIUatv on 31 Decembw. an binding obligation on the PCC h P£tivities The dicwan parish ContriLKrtl( 15 aCr4YJn pald. rish ccrtribUtic unpaMI at 31st is prow(knl in accounts as an (Wkyial (ttwh not a 1) Ik?lIty and is shNin as a cralitor in the bar s
Page 17 R THE I. ACCOUNTING POLICtES [ctiTh) (e) Tarole fixed assets Movabk church fwnlshiro held try tr Cknhvardens on 5jaI trust the PCC and whlch requ1 a faculty f dlsp)sal, ntj as InalieTh3lk unless corwat8J. Try are Ilsted h the church's Inventh whkh can te iTh5Fect&i. (f) Curnttsets Amounts y1r0 to ttE PIX at 31 Detynbw In reSt rf fs, nts or other inmme are sl¥Jwn a Sh¢Jt.twm det)slts cash hekl cfi with CBF CJKrth rf &)gkrnl Furts, or at the bank credltors are rErogniseA initialty at tranSa(h pri tAus attrilYjta tI3nSaon cc6ts. Subsequent to In1al rjnItiOn they are mea9Jr&l at rnbse(11xtst effthe Intwest nth>J, I5 any Impalm)ent losses In the ose ct trale detrkors. If the arrarnt MnStitU a finrnj transl0n, examF4e ff palent s thferred Lw)d rnal bursS temis, it is measur&J at the present value of tts disc(xJnted at a market r cl InStrunt a gmllar debt Instrument. (h) Sumyt co#alkntDn SupFQrt costs, which I1le fUrKkS a5 IxyJgets'TrJ aTrJ accountlThJ, 2. TRUSTEES. EMOLUMEKrs None of the Trustees any emoluments. Tr TnA5tee5 wexe reimbJrs&d Énil (2021: £nll) fc goods wrchaseAI for Churtt¢ tr* y. 3. EMPLOYEE INFORMATtON The avw numtv of pwsor6 (l111j to lfr Tn5) empbyal durlrrfJ the ye3r was nll (2021: nil). The Churth benefft from the servlces of ca. Xl unpakj volunkn (2021: 30) w were no seconded staff frorri cAher MJanisatMs {2021: nil).
Page 18 PAROCHIAL CHURCH Y 14AGDALEN PAD 4. INCOME AND ENDoWMEfS FROM: tkjnations arKI WJes 2022 2021 Planned gmng Income tsx retywdtle ther CollLxth)ns a1 cts givirwj 1829 4T2 3.025 3,193 528 771 472 3,025 6.326 6,326 4,492 Heritage Lottay Fund Llsted pla of W(Kship (VAT r8xwth) The Culture R&rovery FuThJ Other dOnatiC Trusts1Qntsb FwrKlat# Prfvate donati(N 265,256 42,567 265,2 42,567 202,230 58,265 32,OIKI 12,625 12,625 950 5,817 450 4,597 2,51)) 2,320 1220 5,047 322,168 327,215 297,315 Totsl (knathm MKI 11,373 322,168 333,541 301,807 4a). alatsb actmt 2022 2021 MISlIar 1,886 3,624 14,700 235 200 341 12,055 3,624 14,7 235 FuThlraisingIComm Pthlues 20,445 20,445 12,596 4b). Investments Divldends Interest
Page 19 HURCH COUNCIL OF 5. EXPENDrruRE ON". Raising ftJrKIs 2022 2021 Fundraising attivit 5a). charItab actmtles Actlvities d}rtlY lated to the (hurth (see LElow) 16,302 Expendlture rekted to the rch (see teh)w) 1,049 323.441 41mlnistratlve (see bebw) 81 16,302 324,4 1,727 10,249 639,993 1,505 17,933 324,586 342,519 651,747 dlrth rekted to the of the thwch DCesan Parth Share Organlst Cost of SeNI Communitylministry 7,51)) 7,5CM) 2,760 439 50 2,897 941 2,897 941 16,302 16,302 10,249 Expendthre rdated to the rth Insuran Church Runnir¥J EX Organ Repair5lSeM Proiert ExpaNliturp 336 233 336 474 1,297 5,011 9,1 3,728 313,677 630,780 8,700 313,677 1,049 323,Hl 324,4 639,993
Page 20 TES TO E ACCOUIITS R THE YEARE DED I- DECEMBER coriTIN 5a). CharitaL4e athvits (ccwttinual) 2022 Unrestrirt&J Restrkted TOTAL 2021 TOTAL Administrnti¥E costs Bank charges offi EXK11lre Vicarage expenses 95 132 1,419 81 176 132 1.419 ioi 390 lJ)14 81 1,727 1,505 5b). O Irtydent exèm15 fee 300 3,3 3,300 6. FIXED ASSEf INVEsfMEMr 2022 2021 St Martha's Tnjst. Quoted InNesbna)ts Mart(et value at 1st January 2022 Unrealised (losses)Igains 30,744 4,145 (4,126) Market Value at 31st December 2022 30,763 34,889 75h De[51t BalarKe 6,216 6,216 36,979 41,105 Investments at the yearnd Ccrfn1e £36.979 at market Val In St Martha's Hall Tntst. The St Martha's Hall Trust investment held at CBF Chwch of EThJland Investment . Only the interest from the investma)t 15 aVaNab to the PQ the c1 remaknlng Irft. 7. DEBTORS 2022 2021 14,171 30,132 116,727 11,862 Other debts- VAT rble Grants and d(MwtiN rttave 161,030 11,862
Page 21 MBER 8. CASH AT &4NK AND IN HAND 2022 2021 CAF Bank Llmiied HSBC UK plc 131,064 63,021 81,348 168,331 194,085 9. CREDITOPS: Am¢xJnts falllrvJ due withkn year Ac£nJals 3,300 149,158 157,547 43,389 Included in other credrtors are amcwnts to Pathllrvjton C*lcywt Trust of £83,722 (2021 £39.355) tcOetI with an esknmated a1jnt of £65,436 {2021: £nll) In of ts cc¥npletion of the Churth chaFel ConseryC wo 10. RERIcrED FUNDS Jnd Totsl Balan at 1st January 2022 Income Expendltu 19,094 108,384 307,087 15,081 322,168 (317,131) (10,255) (327.386) Baknce at 31st Dttr 2022 79,296 23.870 103,166 11. ENWmE FUNDS 2022 2021 Balan at 1st January 2022 41,105 35,016 {Losses)/gains on investm&rt assets (4,126) 4,145 Balan at 31st Decemter 2022 36,979 41.105
PAROCHIAL CHURCH COUNaL O
12. ASSEfs BEfwEEN FUNDS
2022
Total
Jnd
Fund
36,979
A5S In¥estrnents
36,979
161,030
168,331
(157,547)
51,492
109,538
81,348
86,983
(64.192) (93,355)
Cash at bank aThJ in haThJ
credOr5
103.166
36,979
208,793
2021
Totsl
FuThJ
Jnd
Jr
41,105
Flxed Assets Investsnents
41,105
11,862
194,085
(43,389)
11,862
46.346 147,739
(4,034) (39,355)
Cash at bank In haTh
Creditors
54,174
I1,384
41,105
203,663
13. RELATED PARTY DISIIOWRE
During the year the Charty Into rL) trans, In the crdlnary or rnt ondlnary cwrse of
14. OTHER FINANaAL COMMrrMETrtrs
At 31 Decemter 2022 Charity arn1 c(Xnm6tnts rKl