2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St. Stephen With St. Luke, Paddington

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Annual Review

2021

St. Stephen’s Westbourne Park

Objectives and Activities

In accordance with the PCC (Powers) Measure 1956, St. Stephen’s PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church - evangelistic, pastoral, social and ecumenical. It also has maintenance responsibilities for the church premises of St. Stephen’s which are registered as a Grade II listed building.

The PCC continues to pursue the following vision for St. Stephen’s: Located in the heart of Westbourne Park, St. Stephen’s is a Church of England parish church with a diverse Christian community of all ages. We are followers of Jesus, inspired by the Holy Spirit, and directed by the Word of God. With our doors open wide, expressing the love of Jesus, our vision is to be relevant and valued as a people and place of prayer, worship and service to the community.

Vicar’s Comment

If you remain in me and I in you, you will bear much fruit; John 15:5

These are some of Jesus' final words to his disciples and they contain a wonderful promise: if we remain in Jesus, we will bear much fruit

As we look back on 2020, it was a year of extraordinary circumstances, yet we can say that God has been faithful to His promise and that he has borne fruit amongst us a church family. We praise him this.

In our spring 2021 sermon series, we saw that to remain in Jesus, according to the gospel of John, is to listen to Jesus, to obey him, to love his people and to sit at the foot of the cross. Throughout the various stages of lockdown we have kept meeting as a church on a Sunday and mid-week, seeking to remain in Christ. At times we have been restricted to meeting on-line through zoom at others times we have met partly on-line and partly in person. It some senses it has been deeply frustrating, an on-line meeting is no substitute for meeting in person. Nonetheless, we are grateful for the way that God has kept us united as a church family and in touch with each other. We have seen people caring for each other, serving each other in practical ways and finding new ways to express their love for one another. We have grown in patience as we have struggled with technology, with being banned from singing and I am aware that some have battled with intense loneliness. We are grateful that at every stage God has given us the resources to grow in the fruit of His Spirit.

I would like to thank the wardens and stewards for all the work they have done to help us to keep the church open safely and in compliance with covid restrictions. There has not been a Sunday when we could legally open and we have not done so. At the same time we have kept a zoom link live since March 2020 for those who felt nervous about coming to the church building in person.

I would also like to thank the leaders of our Sunday school for the way that they have worked hard to keep the children engaged with church life and Sunday club even when we could only meet on zoom. It has been encouraging to see a number of people volunteering to lead Sunday Club for the first time. I am very grateful to Leon Githae for his leadership of the children's work in this time.

The times when we have been allowed live music in church have been very special. Often this has required our musicians to perform solos with all the musical difficulties that come with social distancing. I am very grateful to them for leading us in this way.

Coronavirus has restricted our ability to reach out in mission, but this has been a time of deepening in our personal faith for many. We launched a third home group in September 2020. For many of us, our on-line weekly home groups were very special times to meet with other Christians and to grow in our faith amidst the restrictions. Through the year a number of people have begun to lead Bible studies for the first time at St Stephen's and we will look to increase the number doing so as we move forwards.

Attendance at our monthly prayer meetings has also grown through the year, which is one of the most significant metrics for growth that we have, as we believe that our work must be founded on prayer.

We have lost touch with some people through the virus and we are painfully aware that there have been some of our congregation who have been self-isolating but were unable to join the zoom calls. We have sought to uphold them in prayer and to keep in touch with them but we recognise that for many it has been a very difficult time.

We have continued to seek to support St Stephen's Primary School through this time. Wherever possible, we have continued to lead a weekly act of collective worship in the school, whether by zoom or pre-recorded video and to support the staff and pupils. The school remains a wonderfully loving and nurturing community and we are fully committed to serving the community in the school in whatever ways we can. It has been frustrating not to be able to run the Club Brunel Express after school club, but we hope to reopen that soon. We have been grateful for opportunities to volunteer to help students in their reading outside of lesson time. I would like to thank Sally Grey for her work with volunteering in the school and co-ordinating Club Brunel Express and also, Helen White and Oliver Pritchard for their work as governors.

We have seen falling revenue from rental income due to covid and a long term tenant (Paint Pots Nursery) choosing to leave us. Finding new tenants to hire our space during the week is a priority for us. We aim to use money from rentals to fund the building maintenance so that congregational giving can support ministry. More details on the finances can be found below in the Treasurer’s report.

As we look forward, we hope that by the summer we will be mainly back in the church building and that zoom will be a support rather than a lifeline to the church. There is so much more that we can do to love and support each other face to face. There are also more opportunities to grow in mission.

We see opportunities for growth centred around: launching an evening service to reach the many people aged 20-40 living in the parish; developing our work with pre-schoolers; using the 2022 "Passion for life" mission as a focus for outreach; and working with St Stephen's school to reach out to the families in the school community.

We pray that God will continue to bear fruit amongst us as we seek to remain in him.

Richard Dryer Vicar

Building And Fabric Report

Progress on implementing our 2019 Architect’s Quinquennial report has been frustrated by covid. The general condition of the building is much improved following the building works of 2018 but there are significant further repairs needed, some minor and some more involved, to bring the building up to a good standard. The works recommended by the Quinquennial report include: Repairs to the roof and guttering; repairs to the external boundary wall; rebuilding the chancel floor; addressing settlement issues on the office wall and the outer store room. We are also exploring options for the former organ space.

Structure and Governance

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council (Powers) Measure 1956. Since September 2009 the parochial Church Council has been registered with the Charity Commission as ‘The Ecclesiastical Parish of St. Stephen with St. Luke, Paddington, Charity No. 1131958’.

The method of appointment of PCC members is set out in the Church Representation Rules. All regular attendees at St. Stephen’s are encouraged to register on the electoral roll and are able to vote and to stand for election to the PCC.

At St Stephen’s, the PCC consists of:

3 ex-officio members – the two churchwardens (also elected annually with the possibility of being re-elected for 6 consecutive years), plus the Vicar;
9 elected members who serve for three years. Each person may stand for re-election for up to 2 consecutive terms (i.e. 6 years) and must then take a year off the PCC
1 Deanery Synod representative who is elected for a three-year period
the PCC may also co-opt additional members to enhance the Council’s skills, experience, and diversity.

Thank you to the following people who faithfully served on our Parochial Church Council during this year:

Clergy: Revd Richard Dryer Churchwardens: Sally Gray Michael White Elected Members: Matthew Jones (Secretary) Oliver Pritchard (Treasurer) Ernest Fasanya Wai Tung Ho Michelle Jalloh Yvonne Muigua George Topsis Co-opted: Susan Ho Synod Representative: Paul Rajukmar Staff Attending: Leon Githae ‘Tola Williams

PCC Report

The PCC meets on 10 occasions throughout the year. We consider a number of issues relating to church life, both practical and spiritual. These include issues around: finance, safeguarding, the fabric of the building, Sunday services, youth ministry and mission. The PCC form the spiritual leadership of the church family, so every time we meet we begin with a time of reading the scriptures and praying together.

Over the last year we have also been working on our Mission Action Plan, which we signed off in March. This followed a period of prayer, reflecting on the scriptures, researching data about the local area, surveying the congregation and discussion. There were a number of recommendations including: launching an evening service to reach the many people aged 20-40 living in the parish and the local student population; developing our work with pre-schoolers; using the 2022 "Passion for life" mission as a focus for outreach; and working with St Stephen's school to reach out to the families in the school community.

I am very grateful to the PCC for their hard work and wise contributions throughout the year, both at PCC meetings, finance committee and in church life more generally. I would particularly like to thank Matthew Jones, Oliver Pritchard and Ernest Fasanya who are due to rotate off for a year at this APCM for their long standing hard work and support of the church.

Deanery Synod Report

Paul Rajkumar began as our Synod representative in October 2020. The Synod continues to consider a broad range of issues affecting our local churches and wider area. A particular focus at the moment is how churches can partner together to share resources and support each other in our mutual mission. Synod usually and meets approximately 4 times a year, though we met less frequently in 2020 due to covid.

Treasurer’s Report

Summary

2020 has been a huge challenge for St Stephens, the diocese, our entire Church and nation. Richard and the PCC have responded very well to the spiritual and physical challenges this year of Covid pandemic brought.

We had expected to have a severe shortfall of income over expenses as a result of Covid shutting the Church and the consequent fall in attendance, giving and rentals. However Richard requested and received from the diocese a significant reduction in the Common Fund, our largest expense, and we continued to receive generous donations and regular giving with much appreciated selective increases. This, together with cost savings due to the closure of the church, and our major tenant Paintpots able to afford to pay us for some of the space during 2020, allowed us to post a surplus on general fund of £25,000:

Regular giving and donation increased from £86,000 to £91,000 in 2020 which includes
a once off £5,000 donation.
Rental income was significantly down from £55,000 to £37,000 due to the enforced
closure of the church during the Pandemic. Our discussions with Paint Pots nursery, our
main tenants, to try to ensure they stayed with us after the Pandemic, were regrettably not successful.
The diocese agreed to reduce the Common Fund payment to the clergy for 2020 from a
budgeted £74,000 to £46,000.
Other costs fell by £23,000 due to savings in utilities and across the board, while the
church was closed

The finances are therefore once more in a precarious position, with a further deficit on ongoing expenditure expected this year, which if unaddressed will eliminate the remaining reserves of the church. All subsequent years will have to fund themselves.

We will be making efforts to generate additional funds though friends of St Stephens, as well as a further fund raising campaign from our worshippers during the rest of 2020 and the beginning of 2021, not just to generate an excess of income over expenses but to re-build the reserves for the future.

2 021 Budget and Fund Raising

The reopening of the church for worship during 2021, albeit in a restricted way due to Covid, has been a blessing.

However our finances are going to be challenged once more during this year. We continue to suffer the absence of Paintpots and other tenants so our rental income will be well down again, even if a new tenant is found at similar rental levels for the second half of the year. We also have budgeted quinquennial church repairs which cannot be put off, and we expect our 2020 surplus to be wiped out as a result of a combination of these factors.

We will be making strong efforts during the rest of 2021 to generate additional funds though friends of St Stephens, as well as a further fundraising campaign from our existing and new worshippers, as the church and neighbourhood opens up again.

Thank you so much once again for your highly valued support, which is so much appreciated by the church.

On a personal note, I am retiring as Treasurer this year, so welcome George and wish him the very best in his tenure. I would like to take the opportunity of thanking Tola for all her support and hard work over the years, without which my task would have been much more onerous.

Oliver Pritchard Treasurer

Music Report

COVID 19 has certainly tried its best to remove any normality to our worship over the last year. Online music began to take its toll and after a whole year, we are still sitting in church suppressing the urge to sing along to songs that express our thanks and praise to our God; It has been hard for us all. As a music group, it feels like we have been in a traffic jam, starting, stopping and starting again! Longing to find a clear road where we can drive freely without any obstacles.

Nevertheless, we thank the Lord for his grace in enabling us to have live music for our two main celebrations – Christmas and Easter. It was wonderful to hear the choir and musicians at these services, bringing much joy and hope to those who attended/listened. We were also blessed as the government eased its restrictions in April 2021, meaning that the music group could return to playing and singing together again on a regular basis.

During the year, we had to say a heartfelt goodbye to another music leader, Christine Statham, who has been a bedrock in the music group for over a decade! We will miss her wonderful voice and her generous support and encouragement. We pray that God will help Christine, Andy and Nathaniel to continue to grow and use their gifts in their new church.

I would like to give special thanks to Richard Dryer for the great work he did in organising the choir and musicians for the carols by candlelight service. I would also like to give special thanks to Helen White, Nicolette Van Gendt and Charlotte Dryer for their continuous service throughout all the fear and uncertainty that Covid 19 has caused. We look forward to welcoming back ‘Tola Williams and Rasheda Chowdury in the coming months and we also extend a warm welcome to our new members: Dot Githae and Wai Tung Ho.

Please keep praying for us as we seek to find more musicians/singers to join our team. It has been a hard year, but I look forward to that glorious day when I will hear us all singing praise to our amazing God, TOGETHER! Any ideas as to what that first song or hymn should be?... Answers on a postcard please!!

Seb Jordan Worship Leader

Children’s and Youth Report

In the last year we’ve been particularly encouraged by the resilience and commitment that children, parents and ministry leaders have shown. Like everyone we’ve had to adapt and change due to corona virus and the government restrictions. And even though we have lost contact with some families, we’ve also had a few that have been showing up regularly. We also have a growing team of Sunday Club leaders; who love the kids and are dedicated to serve them. Our young people have also valued the Sunday club lessons that we’ve been teaching and I think this sets a base for what we should be doing in future. We’ve been following the preaching series and using the new city catechism by crossway.

One of the main challenges that we faced last year was keeping families connected and engaged. This was hard because the nature of the restrictions keep us at a distance; therefore we’re disconnected in some way. Zoom has been a good tool to help bridge that gap but there’s only so much you can do with online church. As we come out of lock-down I think we should have a strategic plan of helping families get back into the rhythm of attending church. We can do this by organising church events and activities that are child-focussed, family friendly and bible based.

As we look ahead, here are three things that I am keen on working out in order to serve our young people and the community around us:

Prayerfully planning for a mid-week pre-school ministry. We’ve had a few families join us with young children and we would love to open our church and serve them. Partnering with other churches/ministries as we come out of lock down. For example the upcoming Holiday Club with St. Matthew’s Bayswater.

Free up some of my time to be able to give more attention the young people aged 13-19.

Leon Githae Children & Youth Coordinator

Electoral Roll Report

Our new roll currently consists of 63 members .

This represents an increase from 61 last year.

Covid restricted our services and this has adversely affected the prospect of growth of the congregation. We look with hope to the lifting of restrictions for everyone to feel comfortable enough to come back into the building.

‘Tola Williams Electoral Roll Officer

The View From The Pew

We asked a number of St Stephen’s regulars for their thoughts on the year.

Rasheda writes . . .

It has been a challenging year for everybody. However, for me the challenge has been a little less onerous because of how well St Stephens adapted to the developing situations. Despite not being in the church building for over a year, I still feel just as much a part of our church family. It is definitely true that a church is the people (centred around Jesus) and not the building, this was even more clear this year and I am very thankful for it. I would like to pray that as we transition back to face-to-face we remember how we stuck together this year, and continue to do so going forwards.

Allyna writes . . .

It has been a year of much change for me, but also of much growth. I am thankful for the leading of my Shepherd in uncertain times, and for the security that comes from knowing that though I am a wandering sheep, my Shepherd can always be trusted to lead me through dark valleys and into green pastures.

The community I have found in St Stephens has been a great source of encouragement. From my first visit to St Stephens, I was won over by the 'homey' and close-knit feel of the church. It is a blessing to be in a church where your absence is noticed. Being a long way from home and new to London, it meant a lot to me to be welcomed into the

homes of others.

I am praying that more students especially would come to discover the hidden gem that is St Stephens. I've had a few friends show some interest in coming to church, but so far that hasn't turned into any real commitment. But even in the midst of what seems to be a bleak landscape, I am trusting that God will lead more people to St Stephens just as He led me.

Paul writes . . .

I'm so encouraged by everything that has gone on at St Stephen's this year - the fact that we have continued to meet and encourage each other in the midst of a global pandemic has been tremendously helpful to my edification and perseverance. I am really thankful for the hard work of Richard, Leon and ‘Tola for their efforts this year to keep the church open, preach and teach the gospel and to personally connect with congregants. I am praying that as lockdown eases, 2021-2022 would be a real year of growth for St Stephen's, both spiritually and numerically.

Sally writes . . .

What has sustained me most during this difficult year has been being able to maintain a connection with St. Stephen’s via Zoom. The weekly Bible study has been especially meaningful, as our group has been able to discuss Luke’s Gospel as well as talking and praying about our personal experiences. As we emerge from the restrictions, I pray that we will expand our congregation and extend our footprint in the community by resuming the activities we ran pre-pandemic. I pray, too, that the structural safety of the building will be ensured. Thank you to everyone who made the technology work for us, and the stewards who did a great job in maintaining covid safety!

THE ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON Registered Charity Numb•r: 1131958 REPORT & ACCOUNTS for the year ended 31 December 2020

ECCLESIASTICAL PARISH OF ST STEPHEN wmi ST LUKQ PADDINGTON Known as: St. Stephen's. Westboume Park REFERENCE & ADMINISTIIATIVE INFORMATION For the year endod 31 December 2020 ADDRESS Westboume Path Fload London W2 5QT Tel: 020 7221 9329 Email: admin slstephens.londo Website: www.stslephens.hythn St. Stephen's is part ol the Diocese of London vthhin the Church ol England. The Parochial Church Council is registered with the Charity Commission as The Ecdesiaslical Parish of Sl. Stephen wlth St. Luke. Paddlngton. Reglstered Charity No". 1131958 TRUSTEES I PCC MEMBERS= Ri¢hard t)ryer Salty Gray Michael White Oliver Pritchatd Mallhew Jones Emest Fasanya Susan Ho Wai Tung Ho Mlchelle Jalloh Yvonne Muigua Paul Rajkumar Georgé Tolpsis (Chairl (Church Wavden} (Church Warden Teasurér) Isecrelary) BANKERS Natwest Bank PLC Notting Hill Branch 46 Nottlng Hill Gale London W113HZ and CAF Bank Ltd 25 Kings Hill An Klngs Hill Wesi Malling K¢rbt ME19 4JQ INDEPENDENT EXAMINER Dennis Piepke FCA Bsc 10 Nèwland Ck)se Hatch End Middlesex HA5 4QP INDEX Page 1 Page 2 Page 3 Page 4 Page S Page 6 Pages 7-11 Reference & Administrative Inlonnation Financial Review Independent Examine$ Report Statement ol Financial Activities Balance Sheet Slatemenl of Cash Flows Notes to the Accounts

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST. LUKE. PADDINGTON Parochlal Church Council Report Flnanclal Aeview Und•r the Charftks Aci 2011, and In accordan 41h tt CIKxch 2LL6 govem#wJ the accourfs of PCCS. the PCC reryired lo prèparè a statemèni of acc for gach accounting year whKh gives a truè and lair view slate ol attaérs of Ihe church. Thè PCC is rnqulTed to: lor the year ended 31 Decerthr 220 l. Secl suitable accounting pdicie5 ar¥J Ihtm CL1$1nIy. a Make judgemerrts and •stirnatès that Art rnasLThble aNI 3. Stai8 whether the pdicies ad(yied are kn accothKe ilh the Ctsjwch Flawlaur an(J wllh applrAble accounung staThJard& 4. Prepare the linanci 5t8leffnts on an Or9 b&1 Tho PCC Is respotIle t keewng proper aCc(Amng rec(Mth wlKh thsdcw IMlh reasonable accwacy at any tIff Ihe 1lr4ncI posltlon of It Chh ard lo erswe that sh comply with arplicable aCcnI1j St #nd wilh Iho StaknMNs d Aaeonbrnr PAciic• FRS 102 arKI th& RaguLaiions mad• under Secifion ol Ihe Chames Aci 2011. It also has a spts)sibility to safeguard assels of the chwch aThJ w lake 8$onable steps for the p1jn of lrntyj and other r8gukrill•s. Reserves Pollcy The PCC r8cognL%8s the need lo hotrj reswves to alty¥ P¢¢1 of ts coffj a¢tNits Ni oV8N ol Short[19 and lo prThn banced rale9t planning. Aes•r4s arn d•fir•d as Ihat beetne5 &vada)le and ¥thh i% iu bg e4)ended at th$clOn ol I PCC In ftwth8farKe ol its obi8¢ts whkh has y8t baen spwl, crrnlted or Rlsk Assessment In ccfflon ilh Of ChUhS WKldwths Il PCC laces ii5ks. be ra1¥. fmarKial ( reputational. The PCC w41 C(ider th¥ Majoraa$ ol ffjk to vtsh il is èw58d. Mu[Ing both the Ilkelihood inyact ol a partular Sveni or acl•Jn ar•J WAI •sttsh sysleff* lo riiwe lfv)se Thls wlll Invofve fegular mth•ws in klentfftalion, assessrnent aThJ rnmtoriw. Signed on beNI ol Ihe PCC:

ECCLESIASTICAL PARISH OF ST STEPHEN WITh ST. LUK& PADDINGTON Independent Examlnerfs Report to the Trustees of thè Ecclesiuti¢al Parlsh of St Stephen with SL Luke, Paddlngton I report on the x¢tsJnls for the year ended 31 Oeceffor 2020 +thich •e set wt on pages 4 10 11 • have been prepared on a htstorical cash basis the fenvKd SORP and FRS102, Re¥pgctive Re•pon8ibilftl of Ttea and Examiner fty the yew ended 31 DeGembw 2020 church'$ Iruslees are $pible tr the Fry)aralion oftr¢ ac¢owts.The twstees considef Ihal an aud* is not required lor this year (ltr seclhm 144121 of thè Chaiities Act 2011 lthe 2011 Acl)) an kndependenl examinalk)n Is neede(l. 11 is my responsibllty lo: ' examine the accounts undef seclian 145 of the 2011 ACL ' to folow the procedures kid down in the General Dwe¢t4Ys gNen by cf4rity Con1$$ lunder section 145151 Ibl of Ihe 2011 Act).. and ' to slal• whelhei partKuki Tr)att have ¢tyne lo my 3ttenlA)n. 8asls of Independ•nt Examinerfs Statement My examinaiion was Ced in accordan with the Gerthl DKections siven by lh• Charty Commission. An examination includes a ieview of the accounlybg record5 kept by Ihe tharity aThl a compari50n of Iha accounts presented ¥Ath those records. It also indleS c0nsx1erat of ary unusual items or disclosLres in the a¢1$, seeking explwalions from you as tru9tees conceming Y such matter5. The pr(Kedures uwjertaken (lo nct wovide all th• evKlence that would be required in an audit and cmsequenty no opsnion is s¥ven a5 to vknetlier the accounts Pfesenl a Irue and fairwevf and the pOrt is liThMted lo those matlers sel OLrt in the slalement below Indop•ndgnt Ex•mln•rf$ Stst•m•nt In connection wth my examina11, no matters have to my attent (l) w1ch give me reas(able cause to belreve that n any rnaleri respecl the iequiTements . to keep accounting records in acCordare section 130 of the 2011 Act: and ' lo prepare arcounts %%thich arxord the acC(ting reldS and ClY wilh the accountwig qyeMents oflhe 2011 Act have been or {21 to which. in my opinion. atteniion shoukl b8 ¢trawn in order to enae a proper understing of the accounts to be reached. Demls Plepke FCA Bsc 10 Nevland Close Hatch End MKldle5ex HA5 4QP Zill

ECCLESIASTICAL PARISH OF ST sfEPHEN wrrH ST LUK¢ PADOINGTON STATEMENT OF FINANCIAL ACTIVITIES for th• year ended 31 t)o¢ember 2020 UNestrthd Aèsiric¢•d Fmjs Toial 2020 Totsi 2019 INCOMING RESOUAGES Volunlary wicone Incom8 IM aawir¢5 10 gen8walv lunds Incorntiig r?50urc85 Irom tharilablE aciwtss Olhgr irtome 91.842 36.842 643 10,11)J 101.942 36.842 97.806 54,B25 367 208 TOTAL INCOfv4NG RESOURCES 10.1(K) 140 481 153.208 AESOURCES EXPENDEO Charfiabb aclmties CIrth manag8meni aThJ athrI5traU Chariiabk gmng Grnale co4s C05t ol geneialry voknlary Olher lorCaS us•d 76513 22M19 4X 7.828 1.372 84,341 24.191 4,500 4QJ 127.7¥2 26.049 4.742 19,275 TOTAL RESOURCES EXPENDED 13.942 118.962 178.734 NET INCOMING AESOUACES BÉFOAE TAANSFEAS 25261 4.842 21519 -25,526 oss transleis bets4een hmds NET MOVEMENT IN FUNOS 25.361 .842 21.519 -25,5 Fund baian¢es ai art ol al 215 33.194 S4.773 80.299 FUND 8ALANGES AT 31 DECEKQEA 2020 29.352 78.292 54.T13 The no18s on 7 b) 11 fonn psrt ol lie att01$.

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUK£ PADDINGTON BALANCE SHEET as at 31 December 2Q20 Notes 2019 FIXED ASSETS Tangible fixed a$5ets Inv9Stmgnts io CURRENT AssErs Deblfxs and PrePayTNIS Cash at bank aThJ hand 6.887 79,040 85.927 14.288 46,853 61.141 CURRENT LIABIUTIES Am¢xmts dua wrtFMn one ygar NEf CURRE ASSETS NON CURRENT UABILMES 76.292 54.713 NET AssErs 76.W2 54.773 FUND BALANCES FLmd balances at start d yaar li Tal charwje durfng year 21,519 -25.526 TOTAL FUNI)S 76.2f 54.773 The accounls wgfe approved by lh9 Parochtal Cmrch C(xwKI on .......... and signed on ils b8haM by Dryer. The notes on pages 710 11 fcrfm part of1hese acccAmts. Pag• S

ECCLesiASnCAL pARN OF ST STEPHEN WITH ST LUKE, PADDINGTON STATEMENT OF CASH FLOWS lor the year ended 31 December 2020 2020 2019 CASH FLOW FROM OPERATIONS Not cash lexpen¢JtureKincorn8 21.519 Aeiustm8nts lo cash Ilows trom items: DMelatn 21,519 25,526 WORKING CAPITAL MOVEMENT (IreaSode¢r•aS In d•blt) Irease1(de¢rasel in crethto Ilde¢reas*l in d•l•ff 7.401 2,834 NETCASH FLOW FRC•A oPERATICs 32.187 28,635 ASH FLOW FROM INVESThqENT ACTNMES Disposal ol invesimenis NET INCREASE (DECREASE) IN CASH AND EQUIVALEKfs 3a187 28,635 Cash and cash 8qulval•nts al of y•ar 46,853 75,488 CASH AND CASH EQU1VALEfS AT YEAFI END 46,853 The notes pages 7 to 11 fcwm part of ltrwe a¢¢Thml5.

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE. PADDINGTON NOTES TO THE Accoumrs for the year ended 31 December 2020 Accountlng Pollcl•s •} The PCC is a benefit entity wllhln the ol FRS102.The fwwiclal slalemenls have been prepared under ch195 Act 2011 aThJ in a¢Crydan wilh th9 Chjrch Aceouniw Flggulations 2006 govemirwJ the irKlividual of PCCS. aThY with RegUlatIs. 'Iru8 arKI lair wow. provisiL$. Olhèr ihan investments, which have been Included al mathel value, the accnts have been prepared on Ihe ltslorfc cost basls and a5 a gckng concgm. bl Fun(ts G8neral Fund5 fgpT8s8nl the ol the PCC Ihal are not $iec1 lo any reslrktlons regathg their us8 and are available lor akwlicali(m on Ihe general pwposes of the PCC. Fund5 deslgnaled lor a particuU7r purpose by the PCC are also unrestricl¢d. Best9d fun(b are lo bg Usgd 5FeU pwr4)Sos as lawj by the donor. Expendllure whith rnèels thèse ciiteria is charged to lund. The accounts IlUde au transactions, assets aThl Mabe9 kywhich the IJCC is respowblo In law. They do nol indudo Ihg ol churth groups Ihat owe Ihelr main affAlk)n lo another body or thosè that are inlonnal gatlS of membets. c) Incoming Resources Gdloclions and planngd receivaL* are recwi8ed received by Ihe PCC. Income tax recoverable on Gift Aid dLMalifMs is •ed when the dIatn is received. InleresL renlal aNI skn11 Is aCcOl•j f¢ywlw (kn. The dioces Comm( fund is accwnlgd WI . Grants payablo ar9 accounled for pahd 0r. or when awa, If that award creates binding oblgalian on Ihé PCC. Al olher expeNJilure Is acc lor the accnth l)asi5 a1 wKludes Irrocoverable VAT. e} FixodAssgls Consecraie(l and berteld properlles are exclu{d from ¢he accounts as arg gny movoabl8 chch lumLshlngs wNch reqre a laculty for (Ispo5al. Fumilure and othol equiw¢nt are capitslsed aThJ deprèialed al 25% p.& on the slraighl line basis. IrKliwikAI assets w6th 8 wrchase w of £1,fKM) less a written off on pwchasa.

ECCLESIASTICAL PARISH OF sr srEPHEN wrrH ST LUKE. PADDINGTON NOTES TO THE ACCOUNTS for Ihe year ended 31 December 21120 Incomlry Resowc•s unrest0d Fund5 Reslricted Funds 2020 Total 2019 T¢)tal a) Voluntary HJGome Planned giwNJ Gift ad one41 Looso P10 collecli Olhor d¢)nations 63241 4.149 63.241 4.149 51.253 5.595 2,662 17,311 76,821 9,850 4.C(17 71.880 9.842 5,120 4,9)7 72.780 9,842 5,120 14.200 Incofflg tax rg¢OVgrnbtg Gift days Grnnts rtceived 92OJ 11,137 91.842 10.11)? 101.942 b> Income lrnn aclmtles I0rale Lgttlrys FLmdralsirwJ gvgnts 36.842 $4,825 36.842 36,842 54,825 Fees & v*dthr Summer Fela 643 367 367 Bank & other interest rec•ived Admin seMce8 Mlscellaneous 17 17 61 250 -103 49 49 1.054 208 Tolal Incoming Res(yJrc89 Ip8r SOFA) 1.381 10.ILKI 140.481 153.208

ECCLESIASTICAL PARISH OF ST STEPHEN wrrH ST LUKE. PADDINGTON NOTES TO THE Accouwrs lor the year ended 31 December 2020 RosowcvJ Expond•d Unrtsiricted Restvicled 2020 Tolal 2019 Tolal •) Charitable actiwties Diocesan Common Fd PartKhial thurrh lees Keyham house Conumunlty ts1On W0r Staff Ivalnlnty ¢tImen1 Cleryy exp8nsas Wurage expenses Worship 8xpen58s. IT & gq YoulNchldren's WO 0thercFwjh runnwwJ costs Mission expenses Bank charges Summer lete UrItieS InsurarKe Mainlenanc Major rppah5 45.708 199 70,000 165 7,761 150 2.431 3.842 176 2.873 176 2.873 2,214 76 7tMJ 122 700 122 8.481 10,062 7.273 12,042 10,011 10.021 6.916 3.073 3.146 42Lh) 7619 7028 84.341 127.792 Salarie5, Nl. pension Note 4 Stationery. pholocc*r & offke AccounlancylPTolessional fees Clearing T818phonel int0t 13.9 13.995 4,820 15,385 2,978 4,196 4,196 6.240 22.819 1.372 24.191 26.049 ¢) Chaiitable giwng VKarfs discretionary &¥lts Overs80$ mission Weslbwme pa Famlly Cw4re Oth 229 4,5LKI 300 5.029 4X 4.5trfJ dl Gov8m8nce costs PCC expense5 ExarninBrfs lee 60 440 500 4CKJ 400 e) Cosl ofgeneralry Vo&taryK(w Envelcpgs 89 69 Swnmer camp e>pense5 Development proje expenses Prol95siryial lees 4.742 4.742 19,275 4,742 5,530 19.275 Tolal ResoLwces ExpèThJed (per SOFA) 105,IY20 13.942 118.962 178.734 Pagp 9

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST Lu PADDINGTON NOTes TO THe ACCOUNTS for ihe year ended 31 Dec•mbei 2 2020 2019 swi & trustges No ernpl0 •amed at a rato In excess of £60.IXM) p.a. No amounts wore pahj or are payaL40 to any tntsle• OT any petsm connecled to Ihem. Granls Vicarfs lund-HLF IPaddinOon Chall5 20191 92 11. CAF Amow The Hérrlagè Lotiery Fu1.thIS i£ the deliv8ry Fthasg ganl for thg buildlng repalr prriecl vthh began in jaThry 2D18 Ilh8 initial d8v8lopment phase gt was awallled in NoVeMr 20151 5.537 vll. Br81 Exprnss 5.400 14200 11.137 DebtOTS and prepaymenls IncL¥ng lax and VAT reCOvab]g Preparts other deblo 2,823 9.070 4.020 5.099 6.B87 14,288 Bank & balae$ Nalional We5tmin51er 8ank CAF 8ank Pèlty cas 7,651 71,288 101 5,776 40,976 101 79.040 Cr•ditoTr- amounls lallirvj willin onp year AccnJals Delerred incom8 -5.63S 4.000 -9.635 -6,368 CredltOf5- non cuThent Grants In advanco Pa ID

ECCLESIASTICAL PARISH OF ST STEPHEN wrrH ST LUKE. PADDINGTON NOTES TO THE ACCOUNTS lor the year end¢d 31 De¢ember 2020 TangJbl• fix•d ass•ts Sound Desk Tolal Cost 01-kn%1 5,050 8.450 31.Doc-2 5.050 8.450 Depreualion s.050 8.450 Cbwg• k)ryoar 3120 3.400 s.oso 8.450 N•1 tThk value 31th- 11 Movement of Funds Balances OlJan-2020 IlmIng Trdn5fors Balan¢95 31-D8c-2020 Expgndèd RestrictedFunds Ser Camp FLd Brunel ICMCI &JeT Fete Wcarfs Fund Develcpffth prciecl .200 4.742 J2 st0t 33.194 10.1fAI -13,942 29,352 Unrnstricled Funds General Fund DeswatedFund5 Develcpmenl project 21.F19 1x1.361 -105.IY20 21.579 -105.tr20 46.940 Total Ipor SOFA) 140.481 -118.962 76.292 12 Analy¥ls of N•t Assets between Funds Designated Fund5 Restricted Funds Total Funds Fund5 TaNJlblg fixed assels Curronl assets CLwrenl Ilablli11gs .575 .63S 46,940 85,927 ,63S 76,292 29,352 P11

THE ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON Registered Charity Numb•r: 1131958 REPORT & ACCOUNTS for the year ended 31 December 2020