PAROCHIAL CHURCH COUNCIL
OF ST. MARY MAGDALENE,
PADDINGTON
Registered Charity No: 1131696
ANNUAL REPORT AND FINANCIAL
STATEMENTS FOR THE YEAR ENDED
31sf DECEMBER 2023

RY
DALEN
ADDI
THE
ENDED
EMBER
INDEX
Trustees, Report
Independent Examlnerfs Report
ststement of financial PLtsvibes
io
Balan￿ Strttt
li
Notes to the financial stste￿￿nts
12-19

Page I
FOR THE YEAR ENDED 315f DECEMBER
St. Mary magda￿ne'S Chulth the Un￿d st P43ry St Peter. P&JdiWn. It is s￿￿ated
In Rowlngton tJcrt WaThyK* Estate. PdthjliK￿. It 15 Part of the cl the thurth of England. The
The Pdrc*hlal ￿Urch 15 a regtyed (P*). 11316%).
Incumbent..
The Ptstatha WCKrfh￿Id {]* (frcffl llth Se&*unber 2023)
Wardens:
Vlrglnts A4)ton
aLw T￿9Jrer
(Ur￿ 14th May 2023)
{frthn 14th May 2023)
Electthj memtexs:
Car&kn Batker.Mll
NiL*y Chakwawrty
Cathy Duckett
Nlna Irwln
Nlchclas Kaye
also Vke Qdr. SKretsry
14 May 2023 tr* l&h ju￿ 2023)
The Meth￿ (rf wintnwnt ￿ PCC set ￿t kn trE Rubes. All (hurch
attendees a￿ enc4mw4 to wisttr on El8lc¥al Rdl stsThl fc* eIth￿ to PCC The APCJ•1 has
detemiined that all elthl PCC Mern￿rs are el&tsl annualty. Tr parth is In a Jolnt t￿ef￿e wlth St
Peter Elgin Av￿￿je Pa*llngtThi, whith that (¥E irKumtent-5tsts Is a[￿￿"n￿l to ith parfshes
SUPFQrtirrfJ each crther in more irrfc*mal ways. In tt* abS￿￿e of a VkBr the ChurChward￿S and PCC
manters take the respLwtAIlty of Ma￿.￿ arrar¥￿￿ts y￿ShIp arKI c￿e of the parlsh. TvKfy
Llcensed Lay mIn￿erS V•ve IKenwJ to the rerish. kn￿than PThtW atso on ￿ PCC reshjned
durlng the year due to movlro away, a￿1 Joseplmne Pthgtvniro.
The P￿ met 7 tlmes during ￿ year in the d)urth c¥ CAI Zcmyn. Matter5 dealt wlth planning
worship. the buikling, safeguardw¥J, the aFwntsMent (l a ne￿ aThJ the intrc¥Juthon of faolities to
(h)nate by card.
F£C fvlfils its respmX￿ibl1itses in dc6e crwakn with PDT (Pa(*liW D￿￿(v￿￿t Tr￿ r8Jlster&J
charity 1080883, r8JisieiEd ojmpany 3652559, wbyw.tNJt.org.uk) WIM) a lease (m the buildiThJs (the
thurch arKJ the communty centre att3th￿) uThJer fajjlty dat8J frc¥n 2017 to 24 D￿eM1￿ 2041. with
Jndays and some oth8 times and s(xne patts fly Ffc collalmyatic￿ cl the PCC and PDT
is known as'Grand Junrti￿'. PDT (afe to PThin9kns, provwk cateriro for private
events. A seEkirate repjrt is av3ilth frcrfn ￿lty C(Thmission PDT, deliver OynM￿Ity worf( In
the church in partnership wrth swal organisatKws iThJudiNJ W&triints Cwncil. The Church
r￿aInS kxlrnari￿ a of

Page 2
OF
PADDIN
The governan￿ of Grand jU￿tIon 5s hehj pnuy ty noTnU￿tell PDT t3￿t￿ and Ffc rep￿sertatNe5 who
form a Management &￿r￿. The p￿ is currenty ty Virginkl Ashton, NKky Chakravty along
with Wd Natssha W￿ard wkno is akn a trLL%tee of PDT. The ts (thalr&J ty The Ven Dr &ll Jao)b,
Lwt the PCC retsins ts statutrwy rvjhts and ova5hJht. The AnThJal P•eety'tYJ Iws a protr£ol
settiro cyjt the to te fotl(h¥ed in makir¥J tte FCC apFKJintsnwts to ttE eoard, in cK(ler to ensure that
AIM AND PURPOSES
St Mary M￿al￿'S p￿ has the re5pw6itsIty (f ￿-0p￿a]r￿J wlth Parlsh Prlest In In the
deslastlcal ￿TISh the whok mlssth of ts (hurch, ￿￿ordI, ￿d￿je11St5C. XAYal and eoJmenic471. It also
has malntenance aTrJ ovusuht rest￿sItI1￿￿ for the and attathal ne•¥ cOmm￿ty whlch
are fulflll8J In dose Colla￿ratIC￿ with PDT.
The PCC Is committed to enabling as many as ￿SSIble to wc¥ship at our thurth ￿ to txome part
our parish communty. The PCC mairrtairns an cNwvEw of worshp througlKXrt the parish and makes
suggestiors on IKVI our se[w￿ can inthe many groups that live wrthin our pMi5h.
When planniro our knities for the year, the Parish S>r*st aThJ lthe F£C have cOnSh￿ Crynmission's
gUIdan￿ on publlc teEfft a￿1. In partlcular. the specfft g￿thn￿ on dwrties for the rthancement of
rellgion. In partiajlar YE try to enab￿ cwdinary Fec* to Iw (xrt tt*ir faith as Wt pansh communlty
thrwh..
Worship aTrJ kyayer; lewnirwj aLvJt the I￿￿1. arnl tr*ir arKI tTUSt In Jesus.
Vi5w)n of pa5tsxal cwe fcff IMrvJ in the parish.
To facllltate aTrJ further thls work r( Is ImF*Ytant that ¥￿ malntsin ￿ faLYt {* the thubrh and ￿ new
communlty centre ixjlldlrrfj attthl.
Rlsk Management
The main final￿1 risk for PCC i5 maintsknlrg Its rest4￿￿tIlltseS IxJihJits31 this Is
addressaj by the cbse partnership ol the KC wth PDT arnl ts ￿￿rt￿$. sharirwJ financial information and
oversight through the FWPDTfvint board. Tr PCC al￿ seas (w)itrnitEs to t￿hance its own
fundraising, f¢x eXaM￿e thrO￿h erKouragiTrJ chlrch memt*rs aThJ wsitors to ikn* arKI overseeing its
own di￿ hiring agreem&ts. Other rth ind￿jIr￿J 5afeguardiThJ and and Sa￿ &e mar￿3￿ by the
PCC and the joint management LM)ard through ttEir reguk4r The KC has appointejj a safeguardi
officer r8Jularly revie*ts Safegu￿dI￿ a￿aro￿ts.
When indiwduals have thThtim5, this has in a rw)n.agJressNe way.
Manawatt Board has diwKms alx)ut WrYJ m(yy fr(xn ethical Neither the
CFKJrch nor the PDT r￿er￿d any (yxnpkints atKMJt (u fijthisw.

Page 3
Safeguarding Rewt for St Mary Magdalene thurth Annual Rqjwt
January 2023 to December 2023
Parish Safeguardro (PSO) was ￿ May 2023.
Policy Approvals
In July 2023 the new PCC adopt&l the stst￿￿t on safeguardiThJ whith is in acc￿thn￿ with The
House of Bislw. PolKy Statement'p￿r￿)thJ a Safer ￿Urth, {2017) arnl F¥(kntiry all ￿'S Chihjren.
(2010) aThJ the DKx&an Safeguardiry PolicY'Prc￿nOtiTrJ a Safer Di[￿, (2018). Tr k￿rtment of Ex
Offenders was also agreoj at this meettrrfJ. The latest safegu¥ding acbon pkin was apwov8J at PCC
meeting in NovemlEr 2023 and rn to ts thojmert ￿ availab￿ to on &vJle drive. Tr actK>n
plan highlvJhts the [￿C(￿ureS and pr￿￿ that r￿￿1 to be maintsiwl and revie￿￿ thrcrtohout the
year. safeguarding is an integral part of the lrfe aNI ministry of the Dkxese of Lon&M and'safer thurches,
is a key priority for our 2030 vision. &feguardirKJ is the reSF(Th'bilty of everyo1￿ WFK) PWtKJ'pates in the lrfe
of the Church. No sermxjs ITKid￿ts were reFMJtal as saf&Juardiry issw during 2023.
Contac4 Guldanc• and 5upwt
Cop¢es of ¢JJr safeguardirKJ PK)IicE5 and other W thxjjments are In ar*J ￿lIr￿. The churth
webslte and thurch dspLay t#)ard contain contaLts for the parlsh arml a rdnge of C￿anISatI(￿￿ that offer
specific sUPPOrt and guidan￿. The Ditesan W￿UardINj Team (Dsn are availatle at the DkKese of
London ￿ 0207 932 1224. Chjr Area DicKesan ts aaire Meawy (Two OtE%). Tr DKxese of London
has offered indUd￿n trainlro to all crf thelr W PSOS it is ￿￿'r￿j fwilitat8J ty the Area D￿￿eSan
well attend8J and very useful for latest saf&JuardirvJ d￿￿O￿￿ts aTrJ r￿*¥5 and alx) to meet other PSOS.
Partsh Safeguardir¥J Officer is LcKraine Sirgh thiklm's 15 Cathy Duckeit.
pcc
There Is a stsndard Safeguard1￿ Item at e•Vy Ffc meetiThJ. DtsOjs￿ *uar(IrwJ rwjularty give5
trustees an opwrtunty to query saf8JuardiThJ matters. T￿ have to saf83uardirrfJ
Saf8guardKpg C¢xr8n orAl/egatm Members cl the PCC have cw are in pr(ms of uThYertaknng
safeguardlng trainw. There are drfferent cl trainirnJ dq)UKlirvJ ￿ the txth W and tralnlTrJ at
hlghe5t level neats to be r￿￿t￿ ewy t￿￿ year%
Safeguardlng Procedurqs
Trustees and everyone Worki￿ wth chlkkw and ￿ alufs are to hwe a DBS check aThJ thls Is
renewed every three year5. Much of the church's of safegordiry is n(Y4V SUPPJteA by the Parts
Dash&kvd. It is an Onl1r￿ that hdps the thwth keep cl its VEII as kee￿.ng the
church Inf￿m￿ nab'onal thar4Jes in ￿uardIr0 ￿uireMthts wovMliTrJ links to appropyiate
documents and tunplates. It aLs0 g￿Wate5 an plan aTrJ gub￿a￿e in * r￿l￿rtht and people
management.
Malntwmnce af the Falwk
During year most of the reFoir vK*frs deaniro in the uThknoft aftu ￿ Ik*)J in 2021 were
COMp￿ted. There remains I￿ls￿ndIng th (x) case.
Day to day maintenance of the fa￿ was cwiplthj with Th) ots matsy ￿¥)rks. Later in the year the
quinquennial inSFffbon repmjt ￿ a da2rLN)nization rekvrt Yve These will help P￿5
fLthre WC#Jramme of work5.

Pa￿4
PADDI
31ST DE
MBE
UED
2023 tegan with the be￿￿ fv) va(aTV, With a r￿W ￿1*-in-￿￿3[9e apw)inted in Wber 2023. The
Sunday savi￿, patronal f￿tfval and ￿￿)nal offKes as ￿￿11￿5, bapts'sms and fU￿al5 were
held thr¢x¥Jhout the vr£arq the help of de[￿ to whom we ex￿esS wr th￿ks, and Evening
Prdyer contrn￿l evay w&k thr￿*￿t the V￿￿1￿j thwch. C(￿MunIcatIOnS
C￿ltInUed to devekp with a Parish email list cl ovff l(N) subgJibws, an X account wlth over 600 followers, a
From Cttober 2023 St Mary M¥JJalene the onty vrtN5hlp in the be￿ as St was
tem￿ari￿ dos&J, wrth a gothd few St Pews mwntrffi atter¥JlrKJ & Mary Magdakne Instead f(Y the rest
of the year.
In addition, the dlocese t(x* over St F￿￿Se aThJ ty the end ￿ the we
UnderStC￿ thls Induded what had teen the parlsh Offi￿ trK)th parlshes. St Peterfs Fkjuse wlll ￿ retumed
to resklenbal use, and the ¢knmstslTS v*y at St Wtll be rebJm8J to use as a v*l¢ffte. Ihe
parlshes contynL* to wth h)int sgvtes, x(lal wts ￿lMInIstratic￿ tasks.
In September Rewd Natatha WfxxIwa￿, a S[￿aliSt iteYnltransiKffi mlnL* was apyAnted as intthm
priest.in-charge of txth the parlshts of St Mary MbJdakne and St Peter. This limitd three-year
aptx)inbment was made to help treate a tetter frMJndathM for fut￿ ministy. and to grve tM)th parishes and
dlctese an OPFrfXtunty to what the W arrar￿￿t for any future wmanent appYrth￿nt which
may or may ncrt invotve the pwtshes rminirrfj a unrt&l t￿. The corftext is that the dhxese is at
an early stage of d￿￿vIng plans axl KIents￿'r￿J 9)wces of to ￿1p sUPF¥Xt a rffE*val of the churth
in the aw. and a fcKIAs intwim minl*v wlll te supp)tlrKJ thls.
Usual Sunday attendm was 10-20 (LxSstw&l l*r In tr* year wth St Pet*s mwnbws), wlth 35 at Easter,
and 64 at Christmas. The traditiC￿al Sjuls Mass SUPFotsJ by Sussex HcAJ5e SdKM)I, aThJ the Carol
servi￿ supp)rted by the Girrikknall Alumni Slw took rrte )Jain V•Ere well JKI
atte[KI￿. Thi5 year a Servi￿ was ￿k1 Day fcr the flr5t ttme In srAne year5. ATh)ther
Innovat1￿ was teginning to hold weekday Offi￿ in the teautffijl ￿K1 irtlmate St Sewlchre Comtv chapd,
rwly re-opened followi￿j flryxl damage. There was a n￿￿¢￿Ial 5ervKe, 3 btytsms, 2 wkliThJs and I
marrlage blessirw3 S￿￿. el￿1 roll to the 2023 AF¥J+l was 32. Most of th(x on the roll
are resldent wrthln the FQriSh or wlthin 2 miles of trt dwrth. cC￿Muni0n was dlstrilxited on ￿Uest to
those at home and reguktty at CcAJrt care In the parish.
Durtng the year St Mary Magdakne with St &etthen's We5tt￿Me Patk knx)i. aergy and
mInIst￿5 from both diurches YKfk£d togth to d￿￿￿? a Vis￿ Statemai¢ and to lead cdlective worship
weekly in church ￿ in 9th(x)I, with 5pgial wh)Se sctsx)I pke Or￿ or tWKE a twm at toth
churches. 2 P￿ apFM)inted gwrw5 a)nts'Thxl to ser¥e (X) tte Lywd sdKX)I.
mc￿￿ng Stsr, an African-knj thwth. (nntinwl wor5hipryiw in the
The SL Mary MUSK in its 61st year, C(￿inueS to enfv Its dose as￿atIon wlth St.
Mary Magdalene churth. The FIx￿e Slngers and C(￿(￿t was hehl in Con)u￿￿On with Sussex
House s(￿ on 12th May. 'Water M￿, ts ann￿4 on tM)ard NarroN Pthts the R&3ent's
Canal, was hekl ￿ 10th July.
The Durufié I4￿al Raital was on 21st *ber ￿fth Hamith Fra￿ as the ￿gan 9￿0￿. On 2nd
Novemt*r. trE Ibttle kTr)wn Requian by was St Mary MèJdalerE Choir
a￿1 Orchestra as a g)knn f(￿ ￿1 Souls. Day.
Nicholas Kaye

P￿5
GDALEN
REpoKf OF ThE
R ENDE
Grand Junctlon at St Mary Magdalene's
PCC Proyess Report. March 2024
From top left to right.. To The Toble community meolond ort activity. May Community FestNal Middle East
ond North Africo storytelling ort workshop. Heritage Tmining Academyfor 18-25 Globol Majority young
people.

Page 6
PAROCHIAL CHUR
ALEN
REPORT OF THE TRUStEES
H COUNCIL OF
ED
The past year of activitie5=
2023124 has been another packed year at Grand Junction at St Mary Magdalene's. We have
continued to deliver the Our Shared Heritage Fund programme. funded by National Lottery
Heritage Fund. This has induded tslks. community meals. the community performance Olive Jar. a
weekly art and storytelling class, and the Heritage Training Academy.
We have continued to run our adult learning programme. muth of which is delivered in
partnership with WAES. This provides a range of arts and creative physical activities, focused on
wellbeing. We also run an E50L class and our Language Café. which is an informol English lan8ua8e
practice drop-ln sesslon. Our volunteering programme is flourishing with volunteers contlnulng to
support our work across event Stewardin& administration. marketing, arsd visitor experience.
Many volunteers have used their work with us to progress on to further training or work. In fact,
one volunteer who worked with us two years ago and then went on to work with the PDT
employment team and at Stowe reception has just been appointed as our new Cornmunity Projert
Work-er.
The children and young people's programme has grown to include three after school clubs for 7-16
year olds. with the regular Monday drama sessions joined by Green Kids Club on Tuesdays. Our
monthly family art workshops Art Party has continued. We have delivered a family theatre pro-
gramme, as well as one show for sthools which was attended by 2CK) children across two shows.
Our vocabulary and drama programme, Wonderful Words, continued to be delivered at St Mary
Magdalene's, Edward Wilson and Our Lady of t)olours primary schools with very positive impacts
being tracked. We have delivered three whole day schools workshops per term extending our
Green Kids Club theme for local primary schools.
The concerts and arts prograrnme has continued to grow this year. The income generated from
this, while not enormous. doubled on the previous year and has now become an important
income stream. We have fomied relationships with new promoters who are now returnlng
regularly to Grand Junrtion. Our partnershlp wFth Arts Canteen has continued and we have co-
promoted several Shows across the year together. Induding Epffttlan Jazz Projekt and Amira Khelr
as part of London Jazz Festival.
Our commercial partner Bovingdon's has underperformed over the past year and we are currently
addre55ing how they can improve their performance in the coming year. The commercial hires
managed directly by the GJ teamlsuch as Conferen￿$. meetings. fashion shows. and parties} did
grow last year and made up for some of the shortfall.
We now have a team of nine working across all of our activities, with additlonal freelancers
supportin8 particular areas of ourwork. The team continues to be very 51ron& delivering a huge
amount given our size.

Page 7
PAROCHIAL CHURCH
MAGDALEN
REPORT OF THE
PADDINGTON
ENDED 31S1 DECEMBER
We have been delighted to welcome Natasha and it has been a real pleasure workin8 With her
over the past six months. The relationship between the PCC and PDT has strengthened
enomously during this time with the return of regular Management Commtttee meetings.
The past year in numbers:
Vlsltors:
Adult classes:
25.762 visitors (this does not include parish numbers for Sundays)
In 2023. there were 5.166 participations in our adult classes. with 300
regular classes across the year. as well as additional taster and extra
sessions.
There were 1.483 participations by children, young people. and
families in our young people's and families programme.
Sesslons for
chlldren and
youn8 people:
Communlty
Events..
Tours:
We organised 2 large communty events. took part In Westbourne
Festival. and delivered 6 community meal events.
Volunteer-led tours continued with 2 per month, many of which are
now sold out to the 25 capacity. plus other bespoke tours for groups
on request.
130 volunteers have supported in the delivery of 132 events, as well as
supporting wlth administration. tours. marketin& and visitor
experience.
43 concerts. 14 family shows with our pay-wthat-w)u-can scheme. and
8 talks attended by over 11.(NJ) people.
Volunteers:
Muslc and arts
events..
Fundraislng:
Over the past year we have been successful in securin8 a number of funding pots, notabty three years
of funding from John Lyon's Charity towards our Young People and Families Manager. We also received
another Arts Council England grant to support the Elixir Festival, Ir￿ludIng the re-staging of Olive Jar.
This summer. however. a number of funding periods come to and end and there is a large amount of
fundraising that needs to be done ITr the comiryd monthsto secure replacement funding.

PAROCHIAL
HURCH
MARY MAGDALE14
LOF
PADDI
al Revi
Unresthcted funds
As detailgj ￿ the F￿a￿la1 Statar￿￿ ￿ tltsl urr*Kt8J fuThJs was £24,999 whl
the total wrvjiture amoun￿1 to £16.612. The net i￿(￿ne amountsd to £8,387. The unre5tiirta fvnd
tots11￿ £74,148 at 31 De£emtw 2023.
We also raiwj £15,120 from t￿nm￿lty RY 2023 M￿n1rrfj Sts was èjaln the churth sharlrtrj
our building.
Our agreed Common Fu￿1 o￿trIb￿bI￿ vrd5 £8,1YJ); after {Or￿jItati￿ aTrJ, to refi&t our UnC￿￿￿n inccme,
we have agre8J a 2024 COMM￿ FWKI offw of £IO,LXK).
Restrlctsd fiJThls
Our restrKted fiJKls at ￿7r e￿1 remai￿￿ crrtant at £103,166 at 31 D￿11￿ 2023.
Gwen the fluctuation In d￿tiC￿5 ￿1V&￿, the Par(thial thurdb C￿ncil.5 poIKy is to retan suffident funds
to ¢￿trnUe Its OFffati)ns. The Trustees have r￿￿1￿ to dis0￿ a￿1 ￿￿KIer ￿ 5tatsJs of tt
Church's fuThJiro, resrn, risks, aThJ invest￿.
statenxnt ol responslbllltles of the Tntstees of P.CC. 14tyd4lene In rewt of the
Trustees. annual rew)rt and the financial statements
The Par(xhlal Churth Cwndl's Memivs are resp￿￿1b￿ for we￿iring a trust*s' annual reix)rt and fina￿la1
ststements In wth a￿Kable law Unrt&l P£ccMJntiro Stsndard5 (United lQngdom
knepted kcountiro Fr￿￿e). Tr Law aFplicat4e to charities in EnghyMI arml Wales wuire5 the
charity trustees to kyepare finanoal slatanats year whth gThe a and fair VEW of ￿ state of
affalrs of the d)arity and crf the irKomiThJ resour￿ ar¥J applic3th￿ of r￿4]ur￿, (I the tharity fcr that
lod. In prepanTrJ the finarKial Statern￿, trUst￿S we r* to:
sel&t suitai4e accwttiThJ wlKies wxl tkn tkni (yThstth;
observe the meth(xis and prirKi* in ￿lcable Chwrties SORP;
make ]￿ments arKI estimates that a￿ reaTh?i￿e arKJ w￿lt.
statE whether appltcat4e acrounUTrJ stsThlaftls ￿e f￿k￿ed, xJbJ&t to any matalal
deparknres dlsch)wJ aTrJ explai￿1 in finar¥ial statwnwts. arKI
that ￿ comparry wlll (r￿￿nI￿ In IKfy'ness.
any bme ￿ finanaal t[6rtm￿ of the cw to to wwre that the financial statements
cornp￿ with the Chèrities Act 2011, Current Churth kcountiTVJ Regulations, the akWic2ble Chantie5
{Accounts and ReFrfJts) Regulakns, arma c( the Trust d*1. They are also re5[￿￿1b1e for
safeguardiThJ the assets rrf the d￿rity arKI tskir#J 5tqLS wwentK¥) and detthm of fraud
and other irregularitias.
included on the tharivs in aCCordar￿e with legth1￿ in the Unlted ￿n￿*>￿ the
preparation and dissemination of finar￿la1 stalem￿.
SigrEd ￿ Eehalf (é the par￿la1 c(￿11 on
Vhe"
2024
Chalr

Pdge 9
DEPEND
' REPO
PADDIN
I rewrt ￿ the acc(yJnts of the (JW kn the year ￿ 31Si 2023, are set wt on page5
10 to 19.
The Charity's Tnts we re¥rtThib￿ fcf the Frykiratth cl the ￿C￿nts. Tr tharivs Tn&ee5 consKler
that an audtt is Tr)t requi￿ for this year urxler 144(2) of (thanties Alt 2011 (the 2011 Act)
that an independent examination is nee￿￿. Tr ChWs grrss If￿0￿ excthl £25,C(M) and l am
qual[fl￿ to un(knake the examinati￿ iry of ttE Institthe of (￿arter8￿
Accountsnts in EThJlarKI arKi Wales.
It bs my respjnslblllty to:
. examirE the accrmmts undw 145 of ihe 2011 kt
to folloAt lak1 the gi4M by the OJnmiss￿ urxler settion
145(5){b) ￿ the 2011kt
My examinat5on was carned wt in ￿0)rdan￿ with the gwal f1rectio￿ gi￿ by ttE Charity Commlssbn.
An examlnatth IndLths a r￿￿•¥ c( the Kcounting rec(￿￿5 kept charlty and a comparison of the
C(KJnts present￿& with ttrK￿e rec(Kd5. It akn o)ns1th￿￿Cffi cl unusual li￿nS or d1Xk)5u￿ In
tke accryjnts and s*klng explanat*￿ frcfn yw as trustees (C￿￿nIr￿j any S￿ mattds. The wc(edures
undertaken th& not all e¥Kkno that wojkl LE wuir8J ￿JdIt, ctww7Enty rK) opinion
is given as to the ￿C(*jnts kyewt a a￿1 far N4e*/ rq>xt 15 Ilmltexl to th)se matters
set out in the
In CTh)nectI￿ wlth my eyAmlnatlon, rx) matter has come to my att￿tt￿L￿.
to keep &c(KJntwwJ reL￿d5 in with the 2011 Att aThJ
to prepa￿ acc(¥rt with the r8xAts WKI tj) c(thply with the
JntiThJ rtsjuirements of the 2011
have rK)t met c
(2)
to whth, In my g)inKn atteltkn sh(NJhJ t￿ drnwn In (th to enatde a kvf4)er urvkntsrKllng of
M B Boyddl FCA
dell & Co
charter￿ Aco)untsnts
146B Chiswid( High R(Aid
London
W4 IPU
2024

Page 10
MARY MA
2023
2022
INCOME AND ENEQWMEMfs FROM..
Donations and Wa'es
Charitsble
Investments
119
6.887
16,658
1,732
333,541
20,445
1,089
4a)
4b)
16,658
1,573
159
Total..
24.999
278
25,277
355,075
EXPENDrruRE ON:
Raislng funds
Charitable acbwtie5
5a)
5b)
16,112
365
16,477
342,519
3,3fX)
Tctsl..
16,612
3,165
19,777
345,819
Net incomel(eypuKllbJre)
8￿7
(w)
9,256
Transfer t*WI fv￿ts
(w)
2￿?
Other recojnised galrtsl(hsses):
Galnl(loss} on
revaluat￿ of investmerts
2￿57
2,857
(4,126)
Net mLwement In fiJxls
2,857
8,357
5,130
R￿nCIliatI(￿l of fuTKIs
Totsl funts br￿ fcTh¥d
.648 103,166
36,979
208.793
203,663
Total fund5 cathed fwwaryl
74,148
103,166 39￿6
217,150
208,793

Page li
GDALEN
PADDINGTON
AT
2022
FLXED ASSErs
Quoted Investmerts
36,979
CURREKf ASSErs
16,201
161,03)
Cash at bank arKI in hand
170,675
168,331
I86￿76
329.361
CREDrroRS:
Amcwnt fallirwj due within y&r 9
(9.562)
(157,547}
177,314
171,814
AssFrs
217,150
208,793
ReF*&ental by
UNREsfRicfED FUNDS
74,148
REsfRIcfED FUNDS
io
103,166
103,166
ENDOWME￿ FUNDS
li
36,979
TOTAL FUNDS
217,150
208,793
2024 autIv￿& issue its tehalf by:
Chair

Page 12
UNCIL
PADDIf4
THEA
STDE
MBER 20
I. ACCOUWllNG pouaES
The ParcÉhial thurch cow￿1 of Ec￿￿￿1 Parlsh Mary PathJiWI is a Parish
Church, dcffiKgled in ENJland, axl vrith ts C￿lIt*S CL¥nmissth ruJislTatw)n numter 11316%. The
Church Is a d￿rity a￿1 is reguk?￿l ￿ the tharilie5 Commssicfi the (hwd) of England. The
financk?I Statern￿ts have been tyepared in aCc￿darKe with kc(wnts'ng arml ReFMyb'ng by
Charitie5: Ststement of Rttommajjed Pr&tre 4)plTrble to dwitts their ￿Unts In
accordan￿ with ￿ Finarrial RqxyliNJ Stsrnlard awlKable in the UK aTrJ Republic of Irdand (FRS
102) (effertNe l January 2015) - ((harities g)RP (FRS 102)), the Finanaal RekN%hThJ Stsndard
applKabte in the UK Re￿tI￿ of IrdaThl (FRS 102) (as amwKtsI iry SORP update ￿j1￿tInS I to 3)
the Charltks kt 2011.
The Charty meets the definltkn of a wbllc Lvefft ￿ urKler FRS 102. Assds and IlablHtles are
Initlally reCOgn￿ed at hthcal cast or trBns&ton value ￿lesS othenv& stated relevant
acCtMjntw￿ ￿te(S).
prindpal aco)untirrfJ tK41ths atyed In tre tyepardtpjn finar￿jaI stateM￿ts are set ￿t
below have remalned fr(rfn the Wev1(x￿ 5eY, also have beffi ccffisistenty appl
withln the same acccwnts.
(a) rfAccO￿ti
RegUlaU(￿, 4Wicat4e ￿0)Urtry stsndwts SORP (FRS 102).
Tr* finartk1I5tateM￿ have the histcfKal cost COF￿￿￿on as mc￿lfi￿ by the
Indush)n of invthents at mark£t Va￿ and the revaluatkjn of fixed assets. Tr finandal ststements
Indude all trans*iors, a55ets Ikbllltks tt* PfC1s re5￿￿51b1e In law. T7y do not
Indude the ￿xxlnts of thurth grwF6 that th￿'r affiliatm to ancrtlw txth. rnr Ih)5e whlch are
Infomwl gatI￿r@S of mertws.

P&3e 13
. MARY
DALEN
E ACCOUIITS
I. ACCOUMllNG K)UCIES
(b)
Funds FEld ty the PCC ￿..
ral funds whkh CJ) LE uwl
In the temis tr￿t ￿ b￿J￿l
L)onations N gTrnts recdv&J a Spear￿ object c* invrtal ty the Ffc a 5peofic object. The funds
may only te on the rknFct vthith gr¥en. balan￿ remaining
urw at the end of ￿ year is cWri￿1 fmrd as a balarKe cffi that ftjnd,
(c) Incon1￿ rex¥n
All ir•xrfnirvJ reSWr￿ we ￿AMtal fv uY(ss.
CollLrtions are recognls8J r￿eNe(l.
Plann&J glviThJ receivabbe s rewtseil Wh￿ reca*d.
Grants arKI a￿ recwi5d the PCC is *lly to ts amwnt dLE.
Dividends are account8J for when aTrl ￿aLle. lrtwe# are &c(NJrt8J fcr as
All other I￿(#￿e 6 rKognlsaJ vrt￿ it ts rerthth.
Galns and I
Realised gains are rErc*Jnis8J when ts n)NeStn￿ a￿ sdd.
Unrealised gains arwj kw5 are ￿c￿jnteIl fly cffl re￿1￿1)n ￿ 31st D￿)b￿.
Grants and d(YotlrJL8 we V￿￿ pakl ¢w. &¥artsJ where the award ueates a
bindiThJ dAlgatm￿ on ￿ PCC
Activities
The dictesan ￿rIsh accouTrted pahd. putsh c￿lLM￿lOn unpaKJ at 31st
DeCeM￿r is FKovthl ts in as an watwjial (tlwh rK* a ￿1) liabilty and is

Page 14
MARY
2023
I. ACCOUKnNG F4)uaES (Contin￿)
(e) hxedAssets
Tangit4e fix8J assets
Movable fumishirwJ ￿ld by on s￿1 trLtst for PCC and
whith requlre a faculty dtStThI. are ￿(Dur￿￿ as Inal￿th tryvty consecrnted. They
listeA in the church's invenW L* irw￿&1.
Investrnents
Investments are slated at mark& at the t￿a￿e d
(n (bffertA%sets
Amounts owiThJ to the PCC at 31 t*cwntw in re$￿t f￿, rwts ￿ cAhw incThne are s￿n a
short.temi dep)&ts cash held ￿ dew4t kn wlth tre CBF amrth of EngL7￿1 FuThJs, or at
tt* bank.
¢￿ItC￿5 are recognisoj Init￿1￿ at plus attrlxtsbbe trans*ion costs. Subsw4uent to
inttial r￿nItiOn they a￿ measured at amcrtIs￿ crjst usirwJ the eff*Ne interest meth¢)J, less any
Impairmertt losses in case cl tr* debt(Ns. If the arrwert constitutes a ftnandng tran5artion,
for eXaM￿e rf payrn￿t is rNxmal buslness ternis, It￿ tt Ls measur&1 at the present
value of fiJbJre dIsc￿nt￿l at a mark& rak of Instru￿ a slmlkv ￿ lnstrLW￿t.
(h) Sumco¢alkx7t*
SupFQrt CC6ts, whth Indude ofke fu￿t￿￿ts as g￿al n￿nage￿ ￿Jdgettsyj and ac£ounb'ng,
2. TRusfEES' EMOLUMEwrs
None of the Trustees any em0lun￿nts. The Tnts reimtxJrs&l £nil (2022: £nil) for
gcnds wrchas8J f￿ the Church durirKJ ts yEar.
3. EMPLOYEE INFORMATION
The n￿ntro of {1￿1￿1￿ the aerk to ttE Tntstees) anpbyeil durirrfj the year was nil
(2022.. nil). The Churth frixn the of ca. 30 unpahj voknnteer5 (2022: 30) who
fomied a myriad of ts*s. and wilh)ut whcffi the Church vA)ukl ab￿ to fvncth)n. There
were staff from ots (￿￿nisat￿NlS (2022: nil).

Page 15
DI
ENDED
4. INCOME AND ENDOWMEp¥fs FROM:
Donatsot￿ atKi bJaoes
2023
2022
Planned gNing
1.778
325
1,5
2,829
472
3,025
325
Coilections and ots giwivJ
3,683
6,326
Donatlons and Iyies
Heritage Lotw Fund
Listed Places of Wothlp (VAT rectrBth) (')
Oth￿ donatior
TrustslCharlt*Je Fwrnlathy6
265,256
42,567
12,625
950
5,817
(lo,￿6) (lo,￿)6)
3.085
11,025
14,110
3,085
119
3,204
327.215
6,768
119
6.887
333,541
(') The 2022 ac£ourtiThJ estimats rA VAT was £10,￿￿ 0￿￿a￿l.
4a). Charitable ￿tivI
2022
mis￿l0￿u5
Fees
Use of Church Centre
FUndra61￿/c{xTrMUnty kbvii*s
1,886
3,624
14,7CN)
235
1,538
15.120
1,538
15,120
16,658
16,658
20,445
4b). Inv*nents
Dividends a￿1 interest
159
I,n2

Page 16
IAL CIKIRCH COUIICIL OF
MAGDALEN
PADDINGTON
5. EXPENDrruRE ON".
Raising funds
2023
2022
FundraisirwJ acbvtses
5a). Charitable adivit￿5
Activities dIr￿dY related to the Chw(h (see tel￿￿} 12,816
Expenditsjre related to the Chjrch (see beithy)
2,244
Admlnistrative costs (* below)
1.052
12,816
2.549
1,112
16.302
324,490
1,727
16,112
16,477
342,519
Activlties dlrecty ￿lated to the of tre
Dlcrnan Parish Share
Organist
Cost of Swwces
Community/Min
7,500
4.ICKI
665
51
4,1(M)
2,897
51
12,816
12,816
16,302
Expwmliture r￿at￿ to tke
Insuran
Church RunnirrfJ ExFense5
Organ RepaI￿/serV
Project ExFEfKlItu
717
87
717
87
336
1,297
9,180
313,677
305
22
2,549 324,4

Page 17
THE YEAR EII
i(rINUED
5a). Charitatde &thli￿ (cLM￿n￿I)
2023
2022
AdministratNe costs
&ink charges
offi￿ Ey[￿ditu
132
327
653
176
132
1.419
327
653
1,052
1,112
1,727
5b). Other
3,31XI
3,300
3,3rx)
6. FIXED ASSEf IN¥EsfMEI
2023
2022
st Martha's Fkll Tnjst.
Quoted Investme
Market Val￿ at 1st janu￿ 2023
Unreallwj gaW(losses)
30,763
2,857
34,889
(4,126)
Market Value at 3tst D82mtr*r 2023
33,620
30,763
Cash DeKx61t Balan
6,216
6,216
36,979
Investments at the year-￿￿ £39,836 at Ma￿et value in St Martha's Hall Tru*.
The St Martha's Hall Trust in￿t at CBF Churth of ErularKI Invests￿ ￿JTrd.
Only the intwest fr￿ in￿st￿ i5 availat4e to the Ffc, ca￿1 remaining intacL
7. DEBTORS
2023
2022
Sundry debtrxs
other detr*￿S- VAT r￿trAe
Grants and dCTh7ti￿ ￿VatIe re Prokxt
16,201
14.171
30,132
116,727
16,201
161,030

Page 18
ST. MARY
PADDiiIGfoN
DED
8. C4SH AT ￿NK AND IN HAND
2023
2022
CAF Bank Limitod
HSBC UK
71.211
86,983
81,348
170.675
168,331
It was ￿jr￿d at PCC meetsffJ (rf 6 FeL¥U￿ 2024 tl* tr* ba￿n￿ on the CAF Bank
as a si￿￿j fu￿1 fkn SMM repairs aTrJ malntenaKe.
9, CREDrroRS:
Amounts falHr#J within y
Accruals
Other (T8J
6,702
2,860
8.389
149,158
9,562
157,547
In other a￿ alr￿nts c*¥ed to Pa*lirW Dertwnent Trust of Enil (2022
£83,722) tO3ether with an estimated of £nll (2022.. £65,436) in respeLt of the comkleuon of
10, REThicfED FUNDS
Totsl
Balan￿ at 1st January 2023
Income (see rKkn 4 atthe)
Expenditu
Transfer
23,870
103,166
10,365
278
(-) (3,165)
2,887
(10,(187)
(3,165)
2W7
BalarKe at 31st trtcemt￿ 2023
68,931
34,235
103,166

19
CHURCH couiiaL OF ST. MARY MAGDALEN
PADDIN
E ACCOU
11. ENC(jwME￿ FUNDS
2023
2022
Balan￿ at tst Jarwry 2023
36,979
41,105
Gain1(1￿) ￿ 1rNeSt￿ assets
2,857
(4,126)
Balan￿ at 31st D￿erntEr 2023
39,836
36.979
12. ASSEfs BEtIVEEN FUNDS
2023
Jnd
Fund
39.836
39,836
16,201
170,675
(9,562)
Debtors
Cash at aTrJ in haTrJ
Creditors
16.201
67,509
(9,562)
103,166
74,148
103,166
217,150
2022
Fu
Jnd
36,979
36,979
161,030
168,331
(157,547)
Debtors
Cash at bank and in harxl
51,492
109,538
81.348
86.983
{64,192) (93,355)
68,648 103,166
36,979
208,793
13. RELATED PARTY DISQOSURE
During the year the Charity ent￿ed into no tr￿, kn ttE ￿dIr￿Y ty rKt (Kdinary ccAJrse of
14. OTHER FINAKIAL COMMrrMEKrs
At 31 Decant￿ 2023 the (Jarty kkMI no c(Thmitments under owating
leases.
15. COKllNGEKf LtABILrrIES
At 31 De￿nber 2023 tke (Jjarity h￿1 ￿ contiwt liabilities.
16. OFF BALIN￿ SHE￿ ARPM¢Z41E￿rS
17. FINANa￿ INsfRUMEMrs
18. TRU5fEES ADVAN￿, CREDIT AND GUARAPfftES