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← The Parochial Church Council Of The Ecclesiastical Parish Of St. Stephen With St. Luke, Paddington

2023-12-31-accounts

Annual Review

2024

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 has articulated the following vision for St. Stephen’s: That we love Christ, love His church and love His world.

Vicar’s Comment

God put all things under Christ’s feet and gave him as head over all things to the church, which is his body, the fullness of him who fills all in all. Ephesians 1:22-23

Our vision at St Stephen’s is to glorify God by loving Christ, loving His church and loving His world. This year has been an exciting year in which we have seen modest growth on a Sunday. Our Sunday services have had a real sense of warmth and a buzz of excitement and energy. Behind the scenes there have been a number of challenges, but we are growing as a church, deepening in our faith and connecting more and more with our local area.

Loving Christ: It has been wonderful to see individual members of the church family deepening in their personal faith. We have enjoyed sermon series looking Ephesians, Abraham, Matthew’s gospel, Joel and the Psalms. Our home groups have read Mark’s gospel and Colossians together. A handful of people have joined home groups for the first time, including from our Christianity Explored Course. Our young people continue to mature in their faith. A particular highlight has been our new “big ideas” group which enable young people in the early years of secondary school to go deeper in their faith.

Loving Christ’s Church: one of the main signs of the way in which people are growing in their faith is their hard work serving each other, practically, emotionally and spiritually. I am hugely grateful for a church family that work hard week-by-week to ensure the smooth running of the church services and buildings. We are aware of deepening friendships where people care for each other, pray for each other and live the ups and downs of life alongside each other. Our morning service has grown modestly over the course of the year and has a real buzz to it now. Our evening service grew modestly towards the end of the year. Whilst it remains small, there is a deep engagement with each other and with the scriptures, especially over the Q&A after the sermon.

It was a joy to welcome to the staff team Katie Gibbs as our new administrator and Paul Caampued III as our ministry trainee. We were sorry to say goodbye to ‘Tola Williams who left to take on a new challenge and we wish her all the very best in that new adventure. Prem Bhattarai, our previous ministry trainee, returned to Nepal in the summer and it has been

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wonderful to hear what he has been doing in service of the church there. I am very grateful to the staff team for their hard work and commitment to the church family.

Our finances remain challenging and the fabric of the building is fragile but we are grateful for God answering our prayers for sustained congregational giving and growing rental income. We are also very thankful for the work done on the building by the Whiteley’s foundation.

Loving Christ’s world: The St Stephen’s church family is extremely welcoming. We have seen a number of people in the local area join us over the last year. Our church family have confidence in bringing their friends and neighbours to join us on a Sunday. The major services at Christmas, Easter and Remembrance Day continue to grow and draw a large local crowd who appreciate the chance to join us. We have been door knocking in the local area in partnership with the London City Mission, inviting people to join us. Our monthly youth club continues to attract a large proportion of children who would not normally join us on a Sunday. Our stay-and-play group for pre- schoolers and their carers, “Little Oaks”, also allows us to connect with a different group in the local area. We value the opportunity to support the local community through the changes of life, especially through funeral ministry.

A deep sadness this year was the closure of St Stephen’s School as we merged with St Mary Magdalene’s school to form the new St Mary Magdalene’s and St Stephen’s School, on the St Mary Magdalene’s site. It is clearly extremely disappointing after so many years of so many people investing in the school. The number of primary school aged children in the area has been falling leading to a decrease in the number of children at the school. We had 76 pupils enrolled in a school with a capacity if 236. As school funding is based on the number of pupils, the school was running a deficit which the Council were unable to support. Throughout this process we have felt that the needs of current pupils had to come first and we are confident that they, and the pupils who were at St Mary Magdalene’s school, will all benefit greatly from being in a larger, better funded, better resourced and more stable school. I am grateful for the support of the Wardens and Governors through an extremely difficult time, especially Pauline HudsonEvans our chair of Governors.

Our conviction has always been that, as we see individuals grow in their personal faith, through a ministry of word and prayer, we would have a bigger impact on our local area. We are now beginning to see the fruit of that.

Underpinning all of our activities is our commitment to prayer at our monthly prayer meeting, using our prayer diary, and in smaller groups. We are grateful to God for His work amongst us over this past year.

Rev’d Richard Dryer Vicar

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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 we commission 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. We are very grateful to our architect, Francis Maude of Insall’s and our structural engineer, Sinclair Johnston, for their ongoing support.

This year The Whiteley’s Foundation very kindly redecorated our hall, Parish Room and common parts as well as part of the church wall. These areas were looking very tired and their generosity saved us significant money.

Going forward we would like to develop the old organ space into an area which we could use as a meeting area for community and church use. We also need to repair the floor in the chancel as the vaults there are collapsing and to resolve the issue of the cracks in the old organ bellows room.

We are very grateful to our Peter O’Connor and Mark Sherwood for their support 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 Peter and Dianne O’Connor, Oliver Pritchard, and others who have helped with the maintenance of the garden this year.

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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:

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

Clergy: Revd Richard Dryer Churchwardens: Susan Ho Michael White Elected Members: George Toptsis (Treasurer) Astrid Ludemann (Secretary) Elizabeth Gray Lisa Holland Michelle Jalloh Seb Jordan Yvonne Muigua Alex Pilcher Anne Watson Synod Representative: Wai Tung Ho Staff Attending: Ryan Purcell Katie Gibbs

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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 at PCC meetings, standing and finance committee meetings, and in church life more generally.

Deanery Synod Report

Wai Tung Ho began as our Synod representative in April 2023. 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.

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Treasurer’s Report

2023 finances reflect a return to a more balanced financial position while church ministry activity continues undiminished. There were no major church building repairs or other exceptional – expenditure for which we are grateful. The focus therefore has been primarily on funding current ministry work and church administration expenditure.

After an exceptional 2022, with income of £234k and where increased building expenditure was partially matched by increased grant income, 2023 overall income reduced by 26% to £173k. The largest variance was in grant income: £21k in 2023 was 74% lower than prior year (2022 £80k). One-off donations of £9.4k were also down by 56% (2022 £21k). Is important to note that in 2023 grants and one-off donations were mainly targeted to ministry work while those in 2022 were for building repairs. Church hire income increased by 28% to £46k (2022 £36k). We are grateful to Whiteleys for renovating the parish room and the church hall as this had a positive impact on the space hire income.

We are particularly thankful that, regardless of the wider economic challenges, the congregation’s regular giving remained stable at £95k.

Overall Expenditure in 2023 reduced by 29% to £183k (2022 £259k). Ministry-related expenditure reduced by 8% to £119k (2022 £130k), mainly due to having no overlap of staff members between end / start contract dates.

Church administration, including all operating expenses and utilities, reduced marginally by 4% to £51k (2022 £54k), while building maintenance & repairs expenditure reduced by 83% to £12.6k (2022 £76k). Some of the church admin saving is due to a gap between departure of the previous church administrator and the start date of her replacement. The building maintenance figure reflects small routine maintenance expenses following the major repair works in 2022. We ended the year with a smaller than anticipated deficit of £9.5k.

Looking ahead to 2024, we are planning a small reduction in ministry expenditure while we try to maintain a similar array of ministry activities. Meanwhile we are looking at enhancing the use of the church building by making small but meaningful improvements to the space available for hire. We therefore anticipate to have an overall small surplus at the end of 2024.

The longer- term aim for St Stephen’s finances is to achieve a position of balance between regular donations to fund the ministry work and rental income to maintain the building. The rental income is near capacity and will cover some related admin costs as well as building a reserve to cover on-going and future building maintenance expenditure. On the other hand, regular donations are not currently sufficient to fund fully the ministry work and the church admin spend.

George Toptsis Treasurer

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Music Report

‘…addressing one another in psalms and hymns and spiritual songs, singing and making melody to the lord with your heart.’ Ephesians 5:19

As I reflect on the past year within our music group, I am reminded of the profound privilege we share in serving our church family through the power of music. Each week, we seek to gather with hearts warm with gratitude and reverence, united in our mission to inspire faith and glorify God through song. Indeed, what a privilege, but also what a responsibility! I have come to realize that the greatest challenge of being in the music group isn’t merely playing or singing all the right notes or chords, but rather, it is about truly engaging my heart in worshiping God. This, I believe, is the most crucial aspect, and the only part that truly pleases God.

Therefore, I ask for your prayers for the music group, that we would not be distracted by the complexity of the music or anything else, but that we would connect with God sincerely and wholeheartedly through song as we faithfully try to lead the Church family in the worship of our God.

It is with both gratitude and a touch of nostalgia that I reflect on the exceptional contributions of two faithful members of our music group: Nicollette Van Gendt and ’Tola Adegboye. Their departure last May, marked the end of an era filled with their tireless dedication and commitment. Nicollette graced the music group with her electric guitar playing for almost 30 years, joining St.Stephen’s in 1994. Her soul -stirring riffs not only lifted our spirits but provided an atmosphere of worship that resonated deeply with many of us. Beyond her musical prowess, Nicollette’s straight -talking manner and candid prayers reflected the sincerity of her faith, which were unconventional and refreshing. Though her departure to her homeland of the Netherlands last May left a void in our group, her legacy of passion and devotion will not be forgotten.

’Tola, a longstanding member of the music group, began her journey with us as a singer which then blossomed into the role as music leader over the years. With her tambourine in hand, she added a layer of rhythmic vitality to our worship, which was always a welcomed addition to uptempo songs. ’Tola’s passion to sing and her love of worship music was infectious and a great encouragement to me over the years. I will personally cherish the memories I have shared with both Nicolette, and ’Tola in the music group and I thank them both for all their faithful service over so many years.

I would also like to extend my heartfelt appreciation to Helen White, Rasheda Chowdhury, Astrid Ludemann, Elizabeth Gray, Susan Ho, Mari Pilcher, Jonty and Annabel Dryer, Wai Tung Ho, and Matthew Jones for their invaluable contributions to our music group. Their dedication and passion are the driving force behind our collective efforts to worship and glorify God through music.

I want to express my sincere gratitude to each and every one of you who lent your voices to our choir for the Christmas Carols by Candlelight Service. Your dedication and hard work leading up to the event made it an evening filled with warmth and joy. Thank you all for making it truly special. I also want to give a round of applause to our very own maestro of melodies, Gareth Malone… I mean, Richard Dryer! Thanks so much for orchestrating the choir whilst having to preach and for moonlighting as our resident horn player.

Special thanks to Marcus Barcham-Stevens, who graced us with a captivating violin solo on the night, leaving us in awe. I am deeply grateful for his beautiful performance and eagerly

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anticipate more wonderful solos in the future.

And lastly, but certainly not least, my warmest thanks goes out to Charlotte Dryer for her unwavering support and tireless dedication to our music group. Charlotte’s contributions on piano each week are deeply valued, and her commitment to our team is truly heartwarming.

Do you play an instrument? Why not speak to Richard or Charlotte about joining the music group, we would love to have you in our team!

Seb Jordan Music Director

Children’s and Youth Report

When we think of the young people at St Stephen's, we ought to praise God for His work in them. It is wonderful having parents who are committed to raising their children to know Jesus as Lord, and it has been a pleasure to support them in this. We are also often thankful for the dedication and love of our youth leaders, and for all the guests who have joined us at our events this year, and have heard the gospel.

Here are some highlights from the last year:

Friday Youth Club: four times a term we've met for games, pizza, and a 10 minute Bible talk, with time for discussion after. We’ve had around twelve 10 -13 year olds each time, half of whom aren’t part of our Sunday congregation. My favourite recent comment from a new child was that the Bible time wasn't long enough!

Big ideas: for ages 14 and up, we meet four or five times per term to think about some of the big ideas around being a Christian teenager today. We've covered topics such as dealing with criticism for being a Christian, how God helps us in suffering, and enjoying relationship with God in personal Bible and prayer time.

Sunday Club: we split into an older and a younger group, for a study on the same passage as the sermon. It has been great fun seeing the kids discover the truths of the Bible for themselves. Little Oaks: our stay-and-play group for babies and toddlers has been smaller this year, with around 6 children each week. Most who come are not regular church-goers, but

live in the local area. We run a short Bible story and include a song about Jesus for each term, as we aim to introduce the children and adults alike to Jesus, who gave his life that we might have eternal life with him.

In the year ahead, we pray on that the children would be good soil, who come to Jesus to listen with a big measure, and who persevere in the face of trials and temptations. Through them we pray God would bear much fruit!

Ryan Purcell Children and Families' minister

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Electoral Roll Report

Our roll currently consists of 58 members.

This is an increase from 56 last year.

4 people have left after moving away, 1 person has sadly died, and 7 new people have joined us.

Katie Gibbs Electoral Roll Officer

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Environmental Impact Report

Two Cities Net Zero Churches Network

We’ve been invited to be part of a coalition of churches in the Cities of London and Westminster, all aiming to become Net Zero Churches. This supports the Church of England’s requirement for us to become net zero by 2030. Net zero means no longer adding to the total amount of planet heating gases in the atmosphere. The group will share learning, resources and encouragement. It meets regularly and anyone from the church family is welcome to come along.

As part of this group, we qualified for a free energy audit of the church building, which took place at the end of last year. This aimed to help us identify energy saving measures and opportunities to decarbonize. Unsurprisingly, it will be a tough job in a building like ours but there are some steps we can take, and we will be exploring these over the next period.

Eco Church Award

Much work is still to be done to gain an Eco Church accreditation. We have more to do in thinking through how our actions and lifestyles impact on the climate and biodiversity crises, and what our calling to be good stewards of creation and to obey Jesus’s commandment to love others, especially the poor and vulnerable, looks like in a time of climate breakdown. There are lots of opportunities to incorporate this into our mission action plan.

Swifts

Soon London’s swift population will be back. These amazing birds breed here, then migrate to southern Africa at the end of the summer. They only land if they have an active nest so spend the vast majority of their lives completely on the wing. They nest in building cavities, which are increasingly rare in our modern buildings so their populations are declining. We have consulted with Swift Conservation UK and identified the opportunity to install swift boxes in the bell tower. We are hoping to arrange for the boxes to be made and put up in time for the birds’ 2025 return. We already have boxes in the gardens. In the meantime, keep an eye, and an ear, out for screaming parties of swifts overhead.

If you’d like any further information on, or to get involved in, any of our environmental work, please have a chat with me.

Anne Watson

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Safeguarding report

We are deeply grateful to Astrid Ludemann for her work as our Safeguarding Officer this year. We have worked hard to ensure that we are compliant with policies using the Diocesan Dashboard. The PCC has complied with the duty to have ‘due regard’ to the House of Bishops’ Safeguarding Policy and Practice Guidance.

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THE ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

Registered Charity Number: 1131958

REPORT & ACCOUNTS

for the year ended 31 December 2023

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON Known as: St. Stephen's, Westbourne Park

REFERENCE & ADMINISTRATIVE INFORMATION for the year ended 31 December 2023

ADDRESS Westbourne Park Road London W2 5QT Tel: 020 7221 9329 Email: admin@ststephens.london Website: www.ststephens.london St. Stephen's is part of the Diocese of London within the Church of England. The Parochial Church Council is registered with the Charity Commission as The Ecclesiastical Parish of St. Stephen with St. Luke, Paddington. Registered Charity No: 1131958

TRUSTEES / PCC MEMBERS: Richard Dryer (Chair) Susan Ho (Church Warden) Michael White (Church Warden) George Toptsis (Treasurer) Seb Jordan Astrid Ludemann (Secretary) Wai Tung Ho Michelle Lamontagne Yvonne Muigua Alex Pilcher Anne Watson Elizabeth Gray Lisa Holland BANKERS NatWest Bank PLC and CAF Bank Ltd Notting Hill Branch 25 Kings Hill Avenue 46 Notting Hill Gate Kings Hill London W11 3HZ West Malling Kent ME19 4JQ INDEPENDENT EXAMINER Dennis Piepke FCA BSc 10 Newland Close Hatch End Middlesex HA5 4QP

INDEX

Page 1 Reference & Administrative Information
Page 2 Financial Review
Page 3 Independent Examiner's Report
Page 4 Statement of Financial Activities
Page 5 Balance Sheet
Page 6 Statement of Cash Flows
. Pages 7-11 Notes to the Accounts

Page 1

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ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST. LUKE, PADDINGTON

Independent Examiner's Report to the Trustees of the Ecclesiastical Parish of St Stephen with St. Luke, Paddington

I report on the accounts for the year ended 31 December 2023 which are set out on pages 4 to 11 and have been prepared on a historical cash basis in accordance with the renewed SORP and FRS102.

Respective Responsibilities of Trustees and Examiner

for the year ended 31 December 2023

The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matters have come to my attention:

DP

Dennis Piepke FCA BSc 10 Newland Close Hatch End Middlesex HA5 4QP

Date: 1/05/2024

Page 3

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Notes
INCOMING RESOURCES
2
Voluntary income
Income from activities to generate funds
Incoming resources from charitable activities
Other income
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
3
Charitable activities
Church management and administration
Charitable giving
Governance costs
Cost of generating voluntary income
Other resources used
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES BEFORE TRANSFERS
Gross transfers between funds
11
NET MOVEMENT IN FUNDS
Gain/(loss) on revaluation of investments
Fund balances at start of year
FUND BALANCES AT 31 DECEMBER 2023
11		 Unrestricted
Restricted
Total
Funds
Funds
2023

Movements on reserves and all recognised gains and losses are shown above.

The notes on pages 7 to 11 form part of these accounts.

Page 4

ECCLESIASTICAL PARISH OF ST STEPHEN VITfH ST LUKE, PADDINGT BALANCE SHEET as at 31 Docember 2023 Notes 2023 2022 FIXED ASSETS Tangible fixed assets Investments io CURRENT ASSETS Debtors and prepayments Cash at bank and n hand 17,763 12.328 69,420 80.212 CURRENT LIABILITIES Ajrthnts due withn one year NET CURRENT ASSETS NON CURRENT LIABILITIES 63.765 -10.C(M) 73,330 -10.CM)O NET ASSETS FUND BALANCES FUNI balances at start of y 11 88.607 Total change duriig year -9.￿5 -25.277 TOTAL FUNDS The accounts were approv￿ by the Pdr¢xhial Chwch eC￿nCl C￿ .......... 2 ISI and suned on its behaK by Rrhtrd Oryer.. The notes ort Pag￿ 7 to 11 f(*m pwt oflhese ￿cOunts. Page S

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

STATEMENT OF CASH FLOWS for the year ended 31 December 2023

Notes
CASH FLOW FROM OPERATIONS
Net cash (expenditure)/income
SoFA
Adjustments to cash flows from non-cash items:
Depreciation
WORKING CAPITAL MOVEMENT
(Increase)/decrease in debtors
6
Increase/(decrease) in creditors
8
Increase /(decrease) in non-current creditors
9
NET CASH FLOW FROM OPERATIONS
CASH FLOW FROM INVESTMENT ACTIVITIES
Disposal of investments
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS
Cash and cash equivalents at start of the year
7
CASH AND CASH EQUIVALENTS AT YEAR END
7		 2023

The notes on pages 7 to 11 form part of these accounts.

Page 6

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

NOTES TO THE ACCOUNTS for the year ended 31 December 2023

1 Accounting Policies

a) The PCC is a public benefit entity within the meaning of FRS102.The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. Other than investments, which have been included at market value, the accounts have been prepared on the historic cost basis and as a going concern.

b) Funds

General Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law.

They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.

c) Incoming Resources

Collections and planned giving receivable are recognised when received by the PCC. Income tax recoverable on Gift Aid donations is recognised when the donation is received. Interest, rental and similar income is accounted for when due.

d) Resources Expended

The diocesan common fund is accounted for when due.

Grants payable are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

All other expenditure is accounted for on the accruals basis and includes irrecoverable VAT.

e) Fixed Assets

Consecrated and beneficed properties are excluded from the accounts as are any moveable church furnishings which require a faculty for disposal.

Furniture and other equipment are capitalised and depreciated at 25% p.a. on the straight line basis. Individual assets with a purchase price of £1,000 or less are written off on purchase.

Page 7

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

NOTES TO THE ACCOUNTS for the year ended 31 December 2023

2 Incoming Resources Unrestricted Restricted 2023 2022 Unrestricted Restricted 2023
Funds Funds Total Total General Bldgdes Future Staff Vicar BldgDev Lille Oaks Camp Fete Total
£ £ £ £
a) Voluntary income
Planned giving 55,853 10,000 65,853 67,379 55,853 10,000 65,853
Gift aid one-off 0 10,671 10,671 23,941 0 10,671 10,671
Loose plate collection 0 10,574 10,574 665 0 10,574 10,574
Other donations 1,499 0 1,499 7,495 1,499 1,499
57,352 31,245 88,597 99,480 57,352 0 31,245 0 0 0 0 0 88,597
Income tax recoverable 15,657 0 15,657 16,382 15,657 15,657
Special appeal 0 0 0 0 0 0
Grants received_Note 5_ 0 21,003 21,003 79,828 0 21,003 21,003
73,009 52,248 125,257 195,690 73,009 0 52,248 0 0 0 0 0 125,257
b) Income from activities to generate funds
Lettings 30,651 15,000 45,651 35,713 30,651 15,000 45,651
Fundraising events 0 0 0 0 0 0
30,651 15,000 45,651 35,713 30,651 0 0 0 15,000 0 0 0 45,651
c) Incoming resources from charitable activities
Fees & weddings 1,260 0 1,260 1,480 1260 1,260
Summer Fete 0 0 0 0 0 0
1,260 0 1,260 1,480 1260 0 0 0 0 0 0 0 1,260
d) Other income
Bank & other interest received 401 0 401 138 401 401
Insurance Claim 0 0 0 0 0 0
Admin services 0 0 0 568 0 0
Miscellaneous 872 0 872 336 872 872
1,273 0 1,273 1,042 1273 0 0 0 0 0 0 0 1,273
Total Incoming Resources (per SOFA) 106,193 67,248 173,441 233,925 106,193 0 52,248 0 15,000 0 0 0 173,441

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ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

NOTES TO THE ACCOUNTS for the year ended 31 December 2023

3 Resources Expended Unrestricted Restricted 2023 2022 Unrestricted Restricted 2023
Funds Funds Total Total General BldgDes Future Staff Vicar BldgDev Lille Oaks Camp Fete Total
£ £ £ £
a) Charitable activities
Ministry
Diocesan Common Fund 60,000 0 60,000 66,500 60,000 60,000
Parochial church fees 0 0 0 315 0 0
Keyham house 0 9,189 9,189 8,401 0 9,189 9,189
Assistant Minister 0 30,805 30,805 42,880 0 30,805 30,805
Ministry Trainee 0 8,965 8,965 2,479 0 8,965 8,965
Staff training/ recruitment 55 0 55 797 55 55
Clergy expenses 0 0 0 0 0 0
Vicarage expenses 1,264 0 1,264 348 1,264 1,264
Worship expenses, IT & equip 2,083 0 2,083 1,052 2,083 2,083
Youth/children's work 1,802 0 1,802 1,410 1,802 1,802
Mission expenses 0 0 0 0 0 0
Little Oaks expenses 179 0 179 736 179 179
Bank charges 347 0 347 212 347 347
Summer fete 0 0 0 0 0 0
Chuch building
Other church running costs 2,376 0 2,376 2,516 2,376 2,376
Utilities 8,069 0 8,069 5,834 8,069 8,069
Insurance 10,522 0 10,522 9,952 10,522 10,522
Maintenance 12,631 0 12,631 8,765 12,631 12,631
Major repairs 0 0 0 66,885 0 0
99,328 48,959 148,287 219,082 99,328 0 48,959 0 0 0 0 0 148,287
b) Church Management and Administration
Salaries, NI, pension_Note 4_ 14,807 2,471 17,278 22,129 14,807 2,471 17,278
Stationery, photocopier & office 4,910 0 4,910 5,689 4,910 4,910
Accountancy/Professional fees 0 0 0 0 0 0
Cleaning 5,470 0 5,470 5,232 5,470 5,470
Telephone/ internet 2,119 0 2,119 1,860 2,119 2,119
27,306 2,471 29,777 34,910 27,306 0 2,471 0 0 0 0 0 29,777
c) Charitable giving
Vicar's discretionary gifts 0 0 0 0 0 0
Overseas mission 0 0 0 0 0 0
Westbourne Park Family Centre 2,250 0 2,250 4,500 2,250 2,250
Other 2,052 0 2,052 160 2,052 2,052
4,302 0 4,302 4,660 4,302 0 0 0 0 0 0 0 4,302
d) Governance costs
PCC expenses 40 0 40 0 40 40
Examiner's fee 600 0 600 550 600 600
640 0 640 550 640 0 0 0 0 0 0 0 640
e) Cost of generating voluntary income
Envelopes 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0
f) Other resources used
Summer camp expenses 0 0 0 0 0 0
Development project expenses 0 0 0 0 0 0
Professional fees 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0
Total Resources Expended (per SOFA) 131,576 51,430 183,006 259,202 131,576 0 51,430 0 0 0 0 0 183,006

Page 9

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

NOTES TO THE ACCOUNTS

for the year ended 31 December 2023

4
Staff & trustees
No employee earned at a rate in excess of £60,000 p.a. No amounts
were paid or are payable to any trustee or any person connected to them.
5
Grants
i.
Ministry Grants
West London Mission
St Helen's Bishopsgate
Anonymous Donation
London Good Stewards Trust
Sola Trust
YMCA
ii
Church Building
Westminster City Council
London Diocesan Fund
iii
Ministry Trainee
Rock Foundation
iv
CAF American Donor Fund
v
London Diocesan Fund (Energy Grant)
6
Debtors and prepayments
Income Taxes
Debtors
Prepayments
7
Bank & cash balances
National Westminster Bank
CAF Bank
Petty cash
8
Creditors - amounts falling due within one year
Accruals
Deferred income
9
Creditors - non current
London Diocesan Fund -Loan repayable from 2025		 2023

Page 10

ECCLESIASTICAL PARISH OF ST STEPHEN WITH ST LUKE, PADDINGTON

NOTES TO THE ACCOUNTS for the year ended 31 December 2023

10
Tangible fixed assets
Cost
01-Jan-23
Additions in year
31-Dec-23
Depreciation
01-Jan-23
Charge for year
31-Dec-23
Net book value
31-Dec-23
31-Dec-22		 Total
£
8,450
0
8,450
8,450
0
8,450
0
0
11
Movement of Funds
Restricted Funds
Future staff costs
(frmly Future Staff Cost)
Vicar's Fund
Development project
Little Oaks
Sub-total
Unrestricted Funds
General Fund
Designated Funds
Development project
Sub-total
Total (per SoFA)		 Balances
01-Jan-2023		 Incoming
Resources		 Resources
Expended		 Transfers Balances
31-Dec-2023
£
£
£
£
£
19,546
52,248
-51,430
20,364
0
0
0
0
0
-42,399
15,000
0
-27,399
0
0
0
0
-22,853
67,248
-51,430
0
-7,035
86,183
106,193
-131,576
0
60,800
0
0
0
0
86,183
106,193
-131,576
0
60,800
63,330
173,441
-183,006
0
53,765

Vicar's fund now classified as discretionary

alysis of Net Assets between Funds
Tangible fixed assets
Current assets
Current liabilities
Non current liabilities		 Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Total Funds
£
£
£
£
0
0
0
0
76,455
0
-7,035
69,420
-5,655
0
0
-5,655
-10,000
0
0
-10,000
60,800
0
-7,035
53,765

12 Analysis of Net Assets between Funds

Page 11