2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St. Stephen With St. Luke, Paddington

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Annual Review

2022

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

The people who walked in darkness have seen a great light; those who dwelt in a land of deep darkness, on them has light shined. Isaiah 9:2

2021 was undoubtedly a challenging year for churches throughout the country as we were faced with ongoing disruption from covid. As we look back, however, we have much for which to give thanks. In dark times, the light of the gospel of knowing Jesus Christ has been ever present and precious.

The second lockdown was a time of growing tension within our society. There was none of the novelty and camaraderie of the first lockdown and public opinion was strongly divided as to appropriate policy responses to COVID. In this context there was potential for significant division to creep into church life and so we prayed frequently for our unity together. It has been a real joy to see that way in which the church family have continued to pull together, looking out for each other, supporting each other practically and not allowing different attitudes to covid to become a source of tension. We are, nonetheless, painfully conscious of some members of the church family who have been able to make it to church less than we and they would have liked. A priority now is for us to draw people back into church life.

We have grown modestly in number over the course of the year and seen new people join, which was unusual for churches at this time. We kept the church open on every Sunday that it was legal for us to do so, albeit at times numbers on the zoom link were significantly higher than those in the building. We took the view that opening, in a controlled manner, was relatively safe given the size of our building relative to the size of the congregation. We also kept our Sunday Club offering for children open throughout the pandemic and we are very grateful to the children and youth leaders for their hard work and creativity, working in the changing formats.

As we moved through the year we have enjoyed the relaxation of restrictions and have been able to launch a number of new initiatives. Specifically:

• We launched our new evening service. An informal gathering with Q&A and discussion as part of the meeting. Numbers are low but feedback from those who come has been positive. We continue to think that an evening offering is appropriate for a number of people in the area

• We launched a stay and play group for pre-schoolers on a Tuesday morning, with play, songs and a Bible story. This has proved very popular and a few have joined us on a Sunday morning as a result

• We launched a half termly "kids hangout" for the school aged children a Friday night, with games, pizza and a short Bible talk. This has proved effective at bringing new children to the church

We began a fourth Home Group in September.

Many of these initiatives were made possible by Paul Rajkumar joining the staff team full time in September 2022. We are very grateful, to him, 'Tola and Leon for their work for the church during the year. Leon has now left the staff team, as he, Dot and Micah relocated out of London. We were very sorry to see them go and are hugely grateful for their time with us. They will remain close to us in spirit.

On Sundays we read through John 13-17, Acts 1-6 and Matthew 1-7. In home groups we have read through Exodus, Luke and 2 Timothy. The home groups continue to be a good source of mutual support and encouragement for church members. We have also seen growing attendance at our monthly prayer meeting. There has been a growing sense of team work on a Sunday morning and in church life in general. Many of the rotas and opportunities for service and interaction were limited by lockdowns, but as restrictions lifted, we have returned to feeling like more of a church family pulling together on a Sunday morning and throughout the week.

We have continued to keep an active involvement in St Stephen's School. We lead an act of Collective worship there every Thursday morning. We have also been grateful for opportunities to help students in their reading outside of lesson time. I would like to thank Sally Gray for her work with volunteering in the school and also Helen White and Oliver Pritchard for their work as governors.

We have yet to find a new tenant to rent our upstairs space following the departure of the nursery. This is a priority for us looking forward, so that rental income can support us in our maintenance of the building.

Reaching out in mission has been hard during covid. It has been difficult to engage with the wider community and to draw people in. Our hope and prayer is that 2022 will be a year of increased outreach into our community. We hope to do this, through the Passion for Life mission, through partnership with the London City Mission to reach the Brunel and Wessex Gardens Estates and through building relationships with our neighbours.

Richard Dryer Vicar

Building And Fabric Report

We are very grateful for the beautiful which we have to meet in. It is a complicated building and needs regular maintenance and structural care.

Every 5 years the Diocese commissions a “Quinquennial report” from an architect who specialises in historic buildings like ours. This report helps us to set the priorities for work on the building for the next 5 years. We do so in regular conversation with our architect, our structural engineer and the diocese. We received our latest Quinquennial report in 2019. Covid has delayed our implementation of the recommendations from this report. We have, however, now

commissioned work for the beginning 2022. This includes high level repairs to the roof and masonry, along with repairs to one of the garden gate posts. During 2021 we also pollarded the trees and cut back the undergrowth in the North garden to allow greater visibility in that area. We are very grateful to our architect, Francis Maude of Donald Insall and our structural engineer, Sinclair Johnston, for their ongoing support.

We are very grateful to our Dave Cotton, who continues to support us in the maintenance of the building.

Many people locally enjoy our gardens as a place to sit and to meet. We are very grateful to Oliver Pritchard, the Toptsis family and others who have helped with the maintenance of the garden this year. We have made significant progress in cutting back some of the foliage, tidying the beds and laying new wood chippings this year.

Richard Dryer Vicar

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 (Secretary) Elected Members: George Toptsis (Treasurer) Wai Tung Ho Michelle Jalloh Yvonne Muigua Anne Watson Co-opted Lisa Holland Synod Representative: Paul Rajukmar Staff Attending: Leon Githae ‘Tola Adegboye

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.

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 Sally Gray for her three years as warden and in particular her support to me personally as I arrived at the church as the new vicar in June 2019.

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 2021 due to covid.

Treasurer’s Report

2021 has been a demanding year for the finances of St. Stephens.

In the year St Stephens has seen intensified activity as the church continued growing the gospel work while removing any covid related restrictions. Naturally both income and outgoings increased to reflect surge in activity.

We have been anticipating a modest surplus in anticipation of major urgent building maintenance works that have been planned for the first quarter of 2022.

It has been reassuring to see overall income increase in the year by 23% (or £32,163) to £173k.

Voluntary income including one off donations and restricted purpose funds reached £150k
up from £102k in prior year, an increase of 47% (or £48k).
Regular church family giving, excluding one off donations and restricted or designated
funds, improved by 23% to £102k which represents 59% of overall income.

The departure of the long term tenant (Paint Pots nursery) and slow recovery of ad hoc church hall rentals has impacted overall rental income, which in 2021 was £21k, down from £37k in prior year (43% reduction).

Outgoings increased by 35% or £41k to £160k (prior year was £118k). The main areas of increased expenditure in the year:

• Increase to the Common Fund contribution by £18k or 39% (from £46k in 2020 to £64k in 2021) - The reduced rate of the 2020 Common Fund contribution was an extraordinary measure to deal with Covid induced financial uncertainty, this did not apply in 2021. The Common Fund contribution for 2021 represents 40% of overall expenditure. Increase in ministry staff costs and unplanned building related repair and maintenance expenditure accounted for £24k increase in outgoings compared to prior year.

Overall the result for the year is £12k surplus – smaller than anticipated due to the unexpected and urgent nature of building repair and maintenance needs.

The finances remain in uncertain position especially when bearing in mind the need to keep up with the church building repair and maintenance and the inflationary pressures across the board.

2022 Budget

When thinking ahead for 2022 and trying to plan the resources God has entrusted us we prioritised the proclamation of the Gospel. While we are conscious of the centrality of gospel work when allocating our resources we cannot ignore the need to keep in good and safe order the wonderful building inside which God’s work takes place.

We have planned essential building repair / maintenance work to take place in the first quarter of 2022 and this is now underway. This is funded partly by St Stephens own funds (earmarked for this purpose ), partly by the Diocese via a mixture of grants and loan and a local authority Ward grant.

The budget has anticipated that a longer term tenant will be secured by end of Q1 2022 to replace the nursery that has occupied the north, south rooms and gallery, unfortunately this is still pending.

This, combined with an unforeseen overspend in the repair works and smaller than anticipated 2021 surplus brings the finances for 2022 in a precarious position. We are however hopeful that God will provide what is needed for the Gospel work that takes place in St Stephens.

George Toptsis Treasurer

Music Report

It seems like an age since we were silenced by the hand of Covid but it has been less than a year since we stripped off our masks and began to sing God’s praises again! It has been wonderful to hear the congregation sing again and an encouragement to the music group.

In the past year, the music group has expanded with the addition of two singers, Elizabeth Gray and Matthew Jones and a violinist, Astrid Lüdemann. We are extremely grateful for their talent and commitment to serving the Lord in this ministry.

We have also been blessed by more appearances of the young and talented Jonty Dryer on trumpet, playing at both our Christmas and Easter services and when a hymn needs that special brass touch!

Unfortunately, we had to say a heartfelt goodbye to Dot Githae as she moved on with Leon and baby Micah to new pastures. We thank Dot for lending us her sweet voice and for her passion for worship. We pray that God will continue to bless her future endeavours.

Sadly, we lost Dominic Tauber, one of our long-standing singers, to cancer earlier this year. Dominic was a regular member of the music group until the beginning of the pandemic. We thank God for his love of music and his willingness to share his gift with us. As a tribute, a group of past members (from between 2010 - 2015) of the music group reformed to lead the music at Dominic’s funeral.

I would like to say a big thank you to all the members of the music group for their continuous service to God in this ministry: ‘Tola Adegboye, Helen White, Rasheda Chowdhury, Astrid Lüdemann, Elizabeth Gray, Wai Tung Ho and Matthew Jones.

We also thank Richard Dryer for doing a great job in organising the choir and musicians for the carols by candlelight service whilst having to preach in the same service.

We give special thanks to Charlotte Dryer and Nicolette Van Gendt for playing almost every week, we deeply appreciate your gifts and dedication.

Please keep praying for us as we seek to find more musicians/singers to join our team.

Seb Jordan Worship Leader

Children’s and Youth Report

What a year it has been for the children and youth work at St Stephen’s Church! It’s hard to believe that a year ago, Stage 4 COVID restrictions were in place and as such Sunday Club was held online on Zoom. Since then, we have had so many highlights this year, which include:

kids hangout: 3 successful events with a total of over 20 different guests coming along on a Friday night for an evening of games, pizza and a Bible talk;
confirmation classes: running Youth Christianity Explored for 4 children considering confirmation within the CofE;
Little Piglets: commencing the parents and toddlers group in August 2021;
crèche: faithful volunteers enabling a crèche for under 5’s on Sundays including some new faces: and
St Matthew’s Bayswater: teaming up with our neighbouring parish church to put on a holiday club for youth in August 2021.

With respect to our Sunday children’s ministry, Sunday Club has been very rewarding with the children relishing the opportunity to be in each other’s company. The children have really enjoyed the sermon series in Acts, Matthew, Genesis and John as a means to explore questions about their faith. Sunday Club leaders have been and are instrumental to the success of Sunday Club coming up with interactive and fun activities as well as engaging and stimulating Bible studies. It is a big sacrifice on the part of Sunday Club leaders to miss the main service in order to serve the children and so a big thank you to them.

We are grateful to God for all the things that He has blessed us with this year and look forward to all He has in store for us for 2022.

Paul Rajkumar Assistant Minister

Electoral Roll Report

Our new roll currently consists of 66 members .

This represents an increase from 63 last year.

We welcomed two newly baptised members and other new parishioners to the list–a total of six, we lost three members-two moved away and one very sadly passed away.

As we continue to reach out into our community post covid, we look forward to welcoming more worshippers to grow our community of believers.

‘Tola Adegboye Electoral Roll Officer

The View From The Pew

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

Tori writes . . .

It's hard to believe that this time a year ago we were navigating the road map out of lockdown and church life was returning to some kind of normality. Since then, it has been a real joy to be able to meet in person week on week on Sundays throughout the year. A particular highlight for me was looking at the Sermon on the Mount in Matthew's gospel in the autumn. It was both challenging and refreshing to hear the words that Jesus himself taught and how different his teaching is to the teaching that we encounter in the world around us.

Being part of a home group has enabled me to get to know a few members of the church family better. Having other people's views on what a Bible passage says and what it means for them in their life is tremendously helpful to me in my own Bible reading. It has been great to pray for each other week on week and has been a great source of support throughout the year. I have really enjoyed leading the stay and play group that we started in September. Knowing that both adults and under 5's are listening to the Bible story and songs reminds us to make the message simple and clear which itself helps me to focus on the big truths in God's wonderful plan. Being able to run a stay and play where we share the gospel with people each week is a great opportunity for us to witness to people living in the area and a fun way to invite people into the church midweek.

Alex writes…

We first came to St Stephen’s to visit in the summer of 2021 and we felt instantly welcomed. We stayed for a while after the service chatting to people, and were particularly touched by people coming up to us, specifically to welcome us.

We have been attending regularly since September and very quickly felt part of the St Stephen’s family.

Home group was (and remains) a real highlight in getting to know individuals better and on a deeper level. We’ve absolutely loved being part of the church family!

Lisa writes…

During all the various stages of lockdown and non-lockdown throughout 2021 I found it really wonderful to be able to still come to church each week in person, to be encouraged by the teaching from God's word and from meeting with church family afterwards even if only briefly at times or just a smile across the room. It was so helpful to be able to speak with each other properly when restrictions eased to catch up on life, have a cup of tea, and talk about what had made an impact on us from the sermon. I have also been attending the evening service which I really enjoy the slightly less formal format and opportunity for questions and discussion at the end. It's particularly great if I can't make it to the morning service or have been helping in Sunday club as it gives me an opportunity to hear the teaching that I would have missed in the morning

Astrid writes…

We started off the year in home groups by studying the beginning of the book of Exodus, which really helped us to get to know God better, as so much of these chapters are about God revealing himself as the covenant God of his people. After Christmas, we started in 1 Thessalonians, which helped us have a really encouraging time thinking about living for Jesus now, and how that plays out in our day to day lives. Particularly, we thought a bit about how we can practically serve one another in our walk with the Lord.

THE ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE. PADDINGTON Reglstered Charlty Number. 1131958 REPORT &ACCOUNTS for the year ended 31 Decefflber 2021

ECCLE8IASTiCAL PARISH OF ST STEPHEN WITh ST LUKE. PADDINGTON Known as: SL Stephen's. Westboum• Park REFERENCE & ADMINISTRATIVE INFORMATION for the year ended 310ecember 2021 ADDRESS Westboume Park Road London W2 5QT Td: 020 7221 9329 Email: admin@ststephen5w2.org Website: wAv.ststephens.loNlon SL Stephen's is part oflhe Dhxese of London within the Church of England. The Parochial Church Council is registered wtlh the Clwity Commisston as The E¢¢lesastr¢al Parish of St. stephen ilh St. Luke. Paddington. Registered Charity No: 1131958 TRUSTEES I PCC MEMBERS: Rlchard Dryer Sally Gray Michael White George Toptsis Susan Ho Wai Tung Ho Mithelle Jalloh Yvonne Muigua Paul Ralkumar Anne Walson Lisa Holland (Chaw) (Church Warden) (Church Warden) (Treasurer BANKERS Nalwesl Bank PLC Notting Hill Branch 46 NottirwJ Hill Gate London W113HZ CAF Bank Ltd 25 Kings Hill Avenue lfjngs Hill Wést Malling Kent ME19 4Ja INDEPENDEpif EXAMINER Dennis P*pke FCA Bsc 10 NewLqnd Close Hatch End Mwjdlesex HA5 4ap INDEX Page 1 Page 2 Page 3 Page 4 Page S Page 6 Pages 7-11 Reference & Administratfiie Infomiat Financial Review Independent Examinerfs Report Statement of Financial Activities Balance Sheet stalement of Cash FI5 Note5 to the Accounts

ECCLESIASTICAL PARISH OF ST STEPHEN WITh ST. LUK4 PADDINGTON Parochlal Church Councll Report Financlal Revlew Undtrr the Charits Aci 2011, and i) Ihe Church Actry Reguknbons 2006 goveming the indiwdual acuunls of PCC5. Ihe PCC is re¢ytd to a stst8m8nt Df ac£4 fvr eath ar Ythich g¥as a trn• and lair olthe stale of affa¥5 ofthe chwth. Th& PCC is required. lor the year ended 31 Drner 2021. to.. l. Seknt suitablF accLKmting 1C5 and y tlthi 2. Makejudgements esl¥nales thal are 85aable and 3. Slate whether the polieies adopted ale in acCd th• Churth Accww¥ Regulatiwg and wth applKle account9 stWKlards. 4. Prtparè the sta¢ements on an orw bam. accuracy at any time the finaal posibon ofthe thurth to ensure thal such cornply wlh apph'cabk ac£Duntiro sla1[15 and with Ihe sialements of ReC0ftended Practic• FRS 102 and Ihe Flegulalions made Lmder Secbon 130 of Ihe Clwibes Act 2011. 11 also has a respjnsibdity to safe9uard thè asséls of thè d)urth a)J &) lak• rnasona st•x lor Iho preventh of fraud and olh•r rngularitMI Reserves Policy The PCC rtcogrnses Ihe need lo hold reser¥es trj akn¥ ts cwe aclpiitEs in e4tt 01 Inttffle shortfalls and to prixnote balancgj slrattgicpkniffj. R•senrts • d•fird as Ihat bétomes availab whkh is to b• expended at the ($'0n ofthe PCC in furtthKe ofi15 objects but vthich ha5 nol yet been spent. cLTrnitled w desb3nd. Risk Assessment In comm(ffi ith other churds tha11 PCC fars be IY financial or repLStational. The PCC wlll consK1er the maAor aroas of to 4thith it is ewsed. measuring both the lelIhoj and iryact ofa ParcUlar event or aTrJ eslabksh syst¢m5 to milpJale ri5k& Thi$ wrill Invol rngular in 44eniifi¢alwm. assesswt ar ¥¥¥J. Slgned on behalf ofthe PCC". - 36Lp- Oate

ECCLESIASTICAL PARISH OF ST STEPHEN WITh ST. LUKE, PADDINGTON Indepgnd&nt Examinerfs Report to the Trustees of the Ecclesiastical Parish of St stephen with St Luke, Paddington I report on the acccojnls for thè year ended 31 Decener 2021 whKh a sel on pagès 4 10 11 and have been prepared on a historical cash basis in accordance with the renewed SORP and FRS1DZ Respectiv8 Responsibilitiès of Trusts and Examlner lor the year ended 31 D•c•mb•r 2021 The church's trustees are respwsible for the wep¥atm ofthe a(zounts. The church's tru51ee5 consider that an audit 15 not required for thi5 year lundEr 5ecii(ffj 144(21 ol Ihe Charibes Act 2011 1 2011 Act)) that an independent examinabon is neede 1115 my respongbilty to.. ' examine the accounts under section 145 Oltr 2011 Act.. . lo follow the procedures lald down ¥1 the Genwal DIrKti( W ty thè Chty Commtssion {Lrd Sectic 14515) Ibl of the 2011 Actl- and . lo state whether particular matters have crre lo my atterKm. Basis of Independent Examlnerfs Ststement My examination was caffied accrytsrKe wih the General Direi[X given ty the Charlty Commission. examination indude5 a review ol the accoLmting records kept by Ihe charity and comparfson of the accounts presented vith those records. It 4150 incle$ e41nsideralion of any unusual items or discknsures in Ihe accounts. and seek1 eabOrr& from you a$ trusle•s concemlng any such matters. The prrnlLres undertaken do Tr)t provide all the eviderKE that would be required in an aJIt and ConsequenY no opinion is gven as lo wthelher tha accounts present a and fw the report is limited to Ihose matter5 Set (xrt the stalemenl below. Independent ExaM1r¢S Statsment In connecllon wllh my examinabon, no matters have corne lo my attenti (11 wtuth give me reasonable cause to bdieve thai in aiy matwial respect Ihe requirThnts ' lo keep accountvig records in aCcOrde wth seCtIL 130 of the 2011 Act,. and ' lo prepare accounts which accord 7hith the accounl*ig record5 aryl o)mply with accounting reqLMr•ments ofthe 2011 Act have rt been met. (21 lo which. in my opinion. attention Shold be drwwn in Nder lo enable a pruper undelandl¥j of the accounts to be reached. Dennis Piepke FCA 8SG 10 Newland Close Hatch End Middle5ex HA5 4QP

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON STATEMENT OF FINANCIAL ACTMTIES lor th• y•ar •nd•d 31 D•cember 2021 unrest Restricled FL5 Flmds Total 2021 Total 2020 INCOMING RESOURCES Vontary kncorne Income from actNie5 k> generate IrornIng restwrces from dwable actrlibes Olher incumE 118.W9 2019 871 1.118 30,9ZI 149.836 20.819 671 101.942 36.842 1,054 TOTAL INCOMI RESOURCES 141.717 172.S44 140.481 RESOURCES EXPENDED Charitsbk acli¥ities Church management and admiThstrthn Charit8t gNing Govemance costs Cost ol generaling WKgKne Other resource$ used 108.045 27,350 19.483 461 127.528 27.811 84,341 24,191 4.500 400 TOTAL RESOURCES EXPENDED 140.385 19.944 160,329 I18.2 NET INCOMING RESOURCES BEFORE TRANSFERS 10.983 12.315 21,$19 Gross transf8f5 beiween funds NET WVEMENT IN FUNDS 10.983 12.315 21.519 Fund balance5 at start of year $4.773 FUND 8AL4NCES AT 31 DECEKER 2021 11 48.2r 88.607 78.292 Movements on reserves and al recogni5ed gal and we 51wJwn abuve. The notes on page$ 7 10 11 fofrn part ol these C0.

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON BALANCE SHE as at 31 Decembor 2021 2021 2020 FIXED ASss Tangible fixed assets Investments 10 CURRENT ASSETS Debtors aThJ prepabents Cash at bank and in hand 10.579 6.887 79.040 85,927 96.605 CURRENT LIABILtTIES Amounts due one ye -9.635 NET CURRENT ASSETS NON CURRENT LIABILITIES 88.607 76,292 NEf ASSETS 88.607 76.292 FUND 8AL4NCES FurKi balances at start of year li 76292 54,773 Total change duriig year 12.315 21.519 TOTAL FUNDS 88,607 76.292 The accounts were approved by the Parcdlal CtNrch •)n........ and signed on its behalf by Rich¥d tw. The notes on pages 7 10 11 ftvm m ofthese xct)unts. Pag• S

ECCLESIASTICAL PARISH OF ST STEPHEN ST LUKE, PADDINGTON STATEMENT OF CASH FLOWS for the year ended 31 December 2021 2021 2020 CASH FLOW FROM OPERATIONS Nel cash lèxpenditureV4ncomt SOFA 11315 21.519 Adjustments lo cash flLv•YS from noTrcash it. Depryoaiion IZ315 21.519 WORKING CAPITAL MOVEME Ilnueasevdecrease in debtors Inueasel(decYeasel in ue(lilo Inuease Ildecreasel kn defetted 3.692 1.637 7.401 3.267 CASH FLOW FROM OPERATIONS 32.187 CASH FLOW FROM INVESTMEMf ACTIVITIES Dlsposal of Inveslments NET INCREASE {DECREASE) IN CASH AND EQUIVALENTS 32.187 Cash cash a•i¥al•nis at slart Oft yew 79.1)40 4fj.853 CASH AND CASH EQUIVALENTS AT YEAR ENO 79.040 The notes on page5 7 to 11 f(Th part oflhese acmmt&

ECCLESIASTICAL PARISH OF ST STEPHEN Vffil ST LUKE, PADDINGTON NOTES TO THE ACCOUNTS for the year ended 31 December 2021 Accounllng Pollcles al The PCC 15 a PLslic benefft enbty vrilhin the meing of FRS102.The financsal statements have been prepared under the Charthes Act 2011 and n accthan¢e with the Chwch Accounting Regulalions 2006 9mIrj the individual acc(Kwts PCCS. wth Ihe Regulalion5' 'true and far vie4V wovi51an5. Other than The51ments. vkni¢h have been iluded at maiket value, the acctyJnts have been wepared on the IustQTiG C051 ba515 and as a going c4)ncem. bl Funds General Fund5 represent the funds ofthe PCC trAt are subpct to re$tricbon$ reg¥dry their use and are available for applic1 tt)e general pixp05e5 of the PCC. Fundy designated a partIc8r wrpNJ8e by the PCC are also leStrIcted. Restricted funds are lo be used for speufied PLYPOSts as laKI down by Ihe (knnor. Expenthtwe wthich meets these criteria 15 chwged to thE furbd. The aCCOLfrts in¢Jde all traisxltons. assets JKI the PCC is responsib in law. They do not Indude the accowrt5 of dwrth ww>s Ihat main affiliat)n to another body or Ih(Ise Ihat a infomial 98lheriTrJs of clwrth members. c) Incoming Resou•S Colleciions pknned giv1 recable ? recogn vthen receNed by the PCC. Income tax recoverable on Gift Aid is rISed the donation Is received. InleresL Ital and sinllar iOrne is accour#ed due. d) ResouKes E¥pended The DIOan Common Fund is aewted frvAn due. ants payable are accounted lor p¥J ovw. orth*1 award8d, ifthal awanl creates a binding obligation on the PCC. All uther ependrtU is a¢cwnled furcffi acrjuals ba515 WKI wthde5 Iecoverable VAT. el FlxedAssels Consecrated arKI benered we exduded from the aco)unts as are ary moveable church fumishings which requi a fxulty for (fjsposal. Furniture and other equipent are caWi5ed WKI deweciated at 25% p.a. on the straight line basis. Indimdual assels th a wwchase price of £1,000 or bess are Itten off purrthase.

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE. PADDINGTON NOTES TO The ACCOUNTS for the yoar endod 31 Oecember 2021 Inc¢)mlty Resr¢•$ RestsiLled Furwts 2021 Tolal 2020 Total Fwd5 •) Volunlary Planned Gift aid one-off Loose Wate ¢olod Other donatlon$ 1.927 66.327 1.486 1.377 16.039 85.229 16,499 28.108 63.241 4,149 1.377 16.039 83.302 15.499 4.907 72,780 9.842 14.200 1.927 Grnnts rtteivad 118.9]9 30.927 149.836 101,942 Leiting5 Fundraislng events 20.819 20.819 36.842 20.819 36.842 el Incoming r8souTrs from chaiitable aclivtss Fees & weddings Sumrner Fete 871 871 643 871 871 643 dl Olherlncofrn8 Bonk & other intet received Admin seMce5 IAiscÈllaneous 17 652 1.118 1.118 Total Incomkng Resources IpwSOFA) 141.717 30,927 172.644 140.481

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON NOTES TO THE ACCOUNTS for the year ended 31 Decomber 2021 Rfjsouw Expendgd Reslrided Funtts 2021 Total 2020 Toial Fwds al Choniabl8 adivrtigs Diocesan Common ParDclal clNft fees Kèyham house A5sislant Minisler Staff tsainingl recrulment CrgY expenses rage expenses Wor5hii expense5. IT & eqLiP Youthlchildren's work Olher church runrmng cosls Mission expen5e5 Bank charges Summer fete Ulililie5 InsLwan¢e Matenar MaioT repaws 63.500 504 8.112 15.519 45.708 8.112 15.519 159 1.427 469 2.817 159 1.427 176 2,873 2.817 1.290 700 122 158 1SB 8.7 8.567 9.959 12.373 8,481 10.062 7.273 12,373 108.045 19.483 127.528 84.341 bl GhCh Management andAtnWtstsQn 5alaiies, Nl, pension Stall¢ry, photOCOPi¢f & office Cleanirbg Telephonel iniemèt 17.455 4.072 17.918 4.072 13.995 4.820 4.198 1.180 24.191 1.219 27.3KI 1,219 27.611 461 cl Chantabl8 giVKW Vicarfs d15uetion £4fts 0r5e8$ mission W&stLKJume Park Famity Centre Oiher 4.500 4.500 d) Gov8mance costs PCC expenses E¥amlne¢s fee 4(Kl 4) 400 400 el Cos1 ofg8nernling ¥taryK¢¥ Envelopes fj Othersol¢eS used Sumrner camp expenses Developmenl prciect expwws ProfesslcThl fees 4.742 788 5.530 Total Resources Expended (per SOFA) 140,385 19.944 160,329 118.962

ECCLESIASTICAL PARISH OF ST STEPHEN wrrH ST Lu PADDINGTON NOTES TO THE Accourirs for the year ended 31 December 2021 2021 2020 Staff & trustee No empknyee eamed at a rate kn excess of £GO.CNJO p.a. No arIK>ts wer8 paid or are pa lo tnth cf aDy Pers connecled to them. Grarbts PaddirwJlon ClieS (VKarfs 9200 CAF Ameiican danorfur¥J 5.000 l. Anonymous Donati1 (FLth slaff c¢xts 4.000 Iv. London City missi( uture staff costs) 16.000 St. Helen's Blshopsgate IFulLwe slaff costs) 8.0 vl. Sathws Grart 108 28.108 14.200 Debtors and pr•p¥yThnts IrwTne tax and VAT recoveral Prepayments Olher debtors 5,257 101 5.221 2.823 4,02D 10,579 6.887 Bank & cash balanc•s Nation Westrninsler Bank CAF Bank Petty cash 9,353 76,607 7.651 71.288 101 86,026 79.040 Crodltors- amounts lalllng du• within year Accruals Deferred in(yJmp -7.998 -5,835 4.000 -7.998 -9.635 Crodltors. non current Grants in advance Page 10

ECCLESIASTICAL PARISH OF ST STEPHEN WITh ST LUK£ PADDINGTON NOTES TO THE Accoupirs for the year ended 31 December 2021 10 Tanglble flxed assets Total Cost Ol-21 JI-21 8.450 DepreCian 01Jafv21 8.450 Ch¢[ty 3121 8.450 N81 br value 314)*21 31W20 11 M0M•nt of FdI Resources Expended 01-J&F2021 Resources TSle[S Balan5 31-D8c•2021 Restsicted Funds Fu1U Stalf Costs Vlcafs Fund BuddiThJ FLN 30,927 -15.980 14,947 28,450 24.486 sUtOtal 30.927 -19.944 UnTrsbiGted Fun(ts Generdl Fd Designat8d Funds Dgveh)pmert proFcl 141.717 -140.385 4B.272 Su110181 141.717 -140.385 48,272 Tota (pef SthEA) 76.292 172.644 -1.329 88.607 12 Analysls of Net Assets beiween Funds Unrestricted Funds Designated Fun(ts ReStrted Funds Total Fund5 Tanglble fixed assets Current assets cUant labileS 56,270 40.335 98,605 -7,998 88.607 48.272 40.335

THE ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE. PADDINGTON Reglstered Charlty Number. 1131958 REPORT &ACCOUNTS for the year ended 31 Decefflber 2021