Charlty reglstration number 1132598 (England and Wales)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
LEGAL AND ADMINISTRATIVE INFORMATION
Members Of The PCC
Vicky Read
Alan Philips
Elizabeth Palel
Aruliniyan Nathaniel
Nicholas Taylor
Oscar Carshagen
Paul Pambakian
Anusha Couttigane
Stephanie Ajayi
Robert Danlel
Andrew Statham
Rev Ben Evans
(Appointed 20 May 2024)
(Appointed 20 May 2024}
(Appointed 30 June 2024)
Charlty number (England and Wales}
1132598
Independent examlner
Summers Morgan
First Floor, Sheraton House
Lower Road
Chorleywood
Hertfordshire
WD3 5LH
Bankers
Lloyds TSB Bank plc
45 The Broadway
Ealing
London
W5 5JU
Solicitors
EDC Lord
Link House
1200 Uxbridge Road
Hayes
Middlesex
UB4 8JD

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
CONTENTS
Page
The PCC'S report
Independenl examiner's report
Stalement of financial activities
Balance sheet
Statement of cash flows
10
Notes to the financial statements

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
THE PCC'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The members of the PCC present their report and accounts for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounling policies sel out in note 1 to the
financial statements and comply with the PCC'S Powers Measures11956) as amended, the Charities Act 2011 and
"Accounting and Reporting by Charities: Stalement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102}" (effective 1 January 2019}.
Objectives and activltles
Our vision at st Paul's Church is to be a church where everyone is madè welcome and everyone knows that they
malter, both lo us as a community and to God. We belleve that everyone has something to brlng that will add colour
and crealivily to the church family. Our simple slrapline is based on the Greatest Commandment that Jesus gave
loving God and loving our neighbour.
We are committed to following and trying to live like Jesus, ar¢d as the disciple Paul encourages us, we need to let
love be our highost goal. This moans we look for ways to love and serve each other and our wlder communlty. And
if we make love our highest goal, we need lo be those who receive love and give love to others.
Our mission statement is as follows..
- To see Ihe kingdom of God grow in our community
To live as a Christian community, devoted to God and to one another
To share our lives togethèr both practically and spiritually
To grow in prayer, worship, and our understanding of the Bible
- To witness lo Christ's love and mercy in our community and beyond
To be open to the Holy Spirit in all that we do
As a church, we believe that God is calling us lo something bigger than we are currenlly, and tho Diocese of London
has appointed St Paul's to be one of ils Resource Churches. Our vision for this is that we will plant new churches in
communilies with no church presence, help to revitalise and renew existing ohurches, and support and encourage
other churches who ask for help. All of this is to enable the Kingdom of God to expand and grow in our wider
community.
The members of Ihe PCC have paid due regard to guidance issued by the Charity Commission on public benefit,
and in particular the supplementary guidance on charities for the advancement of religion, when declding what
activities the PCC should undertake.
Achlevements and performance
2024 was a year when we gave some focus lo three main areas.. inviting people lo follow Jesus, investing in our
younger generations, and inspiring one another to grow as disciples of Jesus. At the end of 2024. it was so
encouraging to see fruit in all of these areas of church life.
There were some staff changes, with new people arriving and others changing roles. We welcomed Olivia as our
new Worship Pastor. In the summer, Elizabeth Palel joined Ihe staff as our Children's Pastor, with Karen Cosh
becoming an Assistant Pastor with responsibility for pasloral Care and the Wholeness Centre. Ben Evans arrived as
our new Curate, along with his wife, Laura, and their daughter. Paul Pambakian took over as Church Warden,
following Emma Buck, who had served for 7 years.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
THE PCC'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Established ministries
our deslre to serve our local community is one that trumps almost everythlng else that we do. We believe
wholeheartedly in the two greatest commandments - to love the Lord with all of your heart, soul, mind, and strength,
and to love your neighbour as you love yourself. In 2024, we showed that we have found differenl ways of fulfilling
both of these.
Some of the highlights are..
CAP Job Club: We helped 38 people on their journey into employment through the Steps lo Employment
¢ourses over the year, and at least 5 are now in lobs.
Eallng Communlty School of English conlinued to operate with lessons on two evenings a week, and
somewhere around 400 look part in the language school in 2024. Students al the langua9e school are
often new to the UK and include poople from Sudan, Poland, Hong Kong, Ukraine, Syria, and Iran, as well
as many other places. The government's "no recourse to pvbllc funds" policy means that we are the only
English language school available to many of our studonls.
Our in-person prison mlnlstry into Wormwood Scrubs continues, and we ran three Sycamore Tree Victlm
Awareness and Resloralive Justice courses alongside the Sunday services and Bible studies, We also
supported the Angel Tree project, which enables Christmas presents to be sent to the children of prisoners
on Iheir dad or mum's behalf, with gift tags written by the mum or dad in prison. The Prison Fellowship's
(PF) Wormwood Scrubs Group meets monthly to pray for the prison - staff, prisoners, families and other
needs.
Through Beloved, we have continued to visit Soulhall Broadway monthly and have mel with a growing
number of working girls and built up their trust where they are mostly really happy lo lalk to us. We are
working closely wlth the police to visit brothels and explore potential Involvement in offering safe houses.
Our children's ministry has continued to grow, with an increase in thoso attending groups on a Sunday.
Bump to Baby has continued to run wlth two groups each time and provides a vital outreach lo new mums
in the community, offering a sense of support., We are seeing families who have come to this begin to
attend olh8r evenls, which is great. We ran the 'When Dreams Change. course, a four-week course
devised by the charity Growing Hope. It aims lo help parents and carers of children with additional needs
reflect on their experiences and become more of the person they have been created to be. Great and
Small continues to be a brilliant group for parents, carers, and preschool Children. It has been a joy to
welcome a number of families from these minlstries to our Sunday services.
Lots have continued with our different groups for Youth, and we've welcomed a number of new teenagers.
In 2024, we saw continued growth in youth ministry across local churches, with more than 100 young
people coming together for different events in different locations. 11 has been an amazing blessing lo work
togelher in this way.
In our Womon's ministryi Connect conllnues to provide opportunities for women lo meet with each other.
Each week we have worship, teaching, and group time with about 40 women on a weekly basis who split
into 5 groups. There were breakfasts that were run during the year for Awaken. we had delicious food as
usual and a wonderful lime ofworship and hearing people share their personal journeys of faith.
The Wholeness Centre continued to operate through the year, offering counselling, Iherapy. and healing
prayer. The need in our community for support with mental health challenges continues lo grow and th8
Wholeness Centre is a signlflcant resource for many people both wllhln and outside St Paul's
The Senlors group meets after midweek communion and has 30 members who meet for Bible study,
fellowship, food, and fun. We run other events from time to time, including walks and pub lunches.
In September 2024, we had one New Wlne Dlsclpleshlp Year student and one Church of England
Ministry Experience Scheme student, both of whom work across our family of churches, supporting our
children's, youth, and other ministries.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
THE PCC'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
We continue to support other local ministries, such as Mindfood and the CAP Debt Cenlre, as well as other
churches in thelr outreach, including St Mellitus Hanwell and St Stephen's Shotlermill.
New and emerging actlvltles
As parl of our role as a Resource Church in the London Diocese, we are continuing to explore opportunities for
church planting or partnerships, as well as how we might support churches around us that are in inlerregnum. We
hope this will develop further in the coming years.
Chris Fox, our vicar, Is moving to lead St Barnabas Cambridge and will finish on 27th April 2025. As a PCC, we will
be working closely with the Diocese and our church family as we go through the process of appointing a new vicar
and managing the church during the interregnum.
Financial review
The financlal transactions during the year and the financial position at the end of the year are sel out in the altached
accounts. The members of the PCC consider that the accounts show a satisfactory position. Donations, mainly
planned giving, wore slightly down year on year reflecting a chang6 in circumstances of a small proportion of givers,
this was however countered by an increase in tax recovery with all gift aid claims now up to date. Donations are
expected to remain broadly flat in 2025 with a modest increase in underlying giving being offset by annualization of
the 2024 downsides. Other income increased in the year as wo cothmercially rented one of our properties thal has
been occupied by a staff member previously. The longstanding rental of office space to New Wine Comes to an end
in 2025 and the PCC is exploring alternalive arrangements to replace this renlal income by other means, most likely
a commercial lettlng.
We work to the principle of matchlng our expenditure to income, however given the lower glving this year that has
not been possible with Ihe PCC making a decision, given the strengih of our reserves, lo maintain staffing and
ministry levels. Expenditure was lower than Ihe previous y8ar following the one-off investment in solar panels in
2023. This has also led to a material reduction in our electricity costs in 2024 reftecting a good financial return on
the investmenl as well as the obvious ènvironmental benèfit. Staffing increased with a new curate joining mid-year
and a children's worker appolnted in September, this together with an annual pay review, increased costs although
in line with plan. All other costs were held at a similar level lo 2023. During the year, the PCC carried out necessary
repairs to the church and its other properties, maintaining them in good order. The PCC expects ils regular
expendlture commitments in 2025 to be slmilar lo those of 2024 as wa again look to maintain all current church
activity and ministry. The declining giving levels are likely lo result in a deficit position in the year. We will monitor
this closely and take necessary action to ensure its kept as low as possible and in line with budget. At the balance
sheel date, the charity holds reserves lotalling £545,468 (2023: £583,032), comprising restricted funds £4,391
12023: £8,463}, designated reserves £Nil (2023.. £Nil), and unrestricted reservos of £541,07712023.' £574.569).
Reserves Policy
Thè Trustees believe thal St Paul's relies on God's provision for the financial resources needed to fund ils work. As
a church. we believe that we are called to be good stewards of Ihe resoLFrces thal have been given to us, so we
need lo @nsure that the levol of cash we hold is not higher than needèd. The PCC reviewed ils reserves policy and
level of cover during 2024 to ensure that our reserves continue to match our operating costs. In order to allow for
fluctuations in the timing of income or in Ihe case of unforeseen expenditure, it is the policy of this church to hold
sufficient reserves to cover 8 weeks, nel expenditure after taking into account regular donation income. This means
that we will hold £60k in cash, and in addition to this, we will have an additional 2 weeks held as cash or in social
investments {£15k) which can b8 accessed after a short notice period. This policy will be reviowed on an annual
basis or more frequently if required. At the accounting date, free reserves were £194,854 (2023.. £218,488).

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
THE PCC'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Rlsk Management
The members of the PCC have reviewed the major slrategic and operational risks the PCC faces Ihrough regular
meetings of the standing commitlee and are salisfied thal all reasonable measures are in place to miligale their
potential effecls. They intend to keèp these matters under regular review and conslder the controls and procedures
lo mitigate them. The Governance and Risk Commitlee meet regularly to ensure that all risks are actively managed
and monitored and Ihat all aspects of governance are considered, bringing any areas of concern or inlerest to the
PCC for consideralion and action.
The principal risk faced by the PCC lies in the variability of income. The trustees consider variabillty of income
received Ihrough planned giving and gifts to constitute the charity's major financial risk. This is mitigated by a
monthly review of income and its sources, including monlhly cash flow forecasting by the Chair and Treasurer, and
consideration of actions needed to remediate this, such as a reduction in planned activities and expenditure.
Plans for future perlods
The PCC is continuing its plan to enhance the facililies in the church and its halls so that they offer facilities that are
fil for purpose and can be a blessing to Ihose who use them. We will Continue to reduce our carbon footprint by
focusing on other energy-saving options now that the solar panels are installed. We will also continue to review the
land around the church and redesign it to encourage biodiversity, native planls, and community access. Lastly, we
will focus on continuing lo resource other churches In Ealing as they go through periods of vacancy.
Structurej governance and management
The PCC has the responsibility for co-operating with the clergy in promoting the whole mission of the Church in the
parish and in maintaining the church buildings.
The members of the PCC who served during the year and up to the date of signature of the financial slatements
were..
Vicky Read
Rev Chris Fox
Emma Buck
Alan Philips
Ruth Dales
Elizabeth Patel
Aruliniyan Nathaniel
Nicholas Taylor
Oscar Carshagen
Paul Pambakian
Anusha Coultigane
Stephanie Ajayi
Robert Daniel
Andrew Slatham
Rev Ben Evans
(Resigned 27 April 2025)
(Resigned 20 May 2024)
(Resigned 20 May 2024)
(Appoinled 20 May 2024)
(Appolnted 20 May 2024)
(Appointed 30 June 2024)
The method of election of the PCC members is as set out in the Church Representation Rules and they are
appointed at the annual meeting of church members. The full PCC delegates responsibllity for overseelng day-to-
day matters to the Standing Committee, the Fabric Committee and the Misslons Committee.
The church has sponsored the establishment of a separate charitable trust, the West London Community Trust,
whose main activity is to support awareness of Christianity in West London. This includes facilitating the New Wine
Disciplèship Year hub in West London and hosting Ihe Christians Against Poverty debt counselling service.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
THE PCC'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The PCC consider the senior pastoral leam- C Fox, K Cosh, T Carshagen, S Richardson and V Read to be the key
management personnel of the charity, responsible for directing, controlling, and operallng the charity on a day-to-
day basis.
A number of PCC members give their time freely and no remuneration was paid during the year. Delails of the PCC
members receiving remuneration during the year are detailed in the notes to the accounts.
PCC members are required to disclose all relevant interests and register them with V Read in accordance with the
PCC'S policy to withdraw from decisions where a conflict of interest aris8s.
The PCC'S report was approved by the Board of Members Of The PCC.
Alan Philips
28 May 2025

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF THE PCC OF THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST PAUL'S EALING
I report lo the members of the PCC on my examination of the financial stalemenls of The Parochial Church Council
of the Ecclesiastical Parish of Sl Paul's Ealing (the PCC} for Ihe year ersded 31 December 2024.
Responsibilities and basis of report
As the members of the PCC you are responsible for the preparation of the financial statements in accordance with
Ihe requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the PCC'S financial slalements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions glven by the Charity Commission
under section 145(5)(b) of Ihe 2011 Act.
Independent examlner's statement
Slnce the PCC'S gross income exceeded £250,000, the independent examiner must be a member of a body listed
in section 145 of Ihe Charities Act 2011. 1 confirm that l am qualified lo undertake thé examination because l am a
member of the Institute of Chartered Accounlants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact Ihal the PCC has prepared financial statements in accordance with Accounting
and Reporling by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting by Charities- Slatement
of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now been
withdrawn.
l undorstand Ihat this has been done in order for financial statements to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connectlon with the
examination giving ine cause lo believe that in any material respect..
accounting records were not kept in respect of the PCC as required by s8clion 130 of the Charities Act 2011.
the financial statements do not accord with those records. or
the financial stalements do not comply with the applicable requiremenls concerning the form and content of
financial slalements set out in the Charities (Accounts and Reports} Regulalions 2008 other than any
requirement that the financial stalements glve a true and fair view. which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which atlenlion
should be drawn in this report in order to enable a proper understandlng of the flnancial slatements lo be reached.
Nicholas Corden ACA
Summers Morgan
First Floor, Sheraton House
Lower Road
Chorleywood
Hertfordshlre
WD3 5LH
Dated- 10 June 2025

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financial year
Unrestricted Restricted
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
523,134
28,331
3,294
165,365
18,513
541,647
28,331
3,294
165,365
527,812
32,417
2,442
146,557
Total Income
720,124
18,513
738,637
709,228
endlture on:
Raising funds
2,807
2,807
2,264
Charitable activities
750,029
23,224
773,253
800,791
IGain)ILoss on disposal of tangible fixed assets
14
141
141
943
Total expendltu
752,977
23,224
776,201
803,998
Net outgoing resources before transfers
{32.853)
(4,711)
(37,564)
(94,7701
Gross transfers between funds
{639)
639
Net expenditur8 for the yearl
Net movement in funds
(33,492)
(4,072)
{37.564)
(94,770)
Fund balances al 1 January 2024
574,569
8.463
583,032
677,802
Fund balances at 31 December 2024
541.077
4,391
545,468
583,032
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financlal year
Unrestrlcted Deslgnated Restricted
funds
funds
funds
2023
2023
2023
Total
2023
Notes
Income and end
Donatlons and legacies
Charitable activities
Investments
Other income
nts from:
515.455
32,417
2,442
146,557
12.357.
527,812
32,417
2,442
146.557
Total Income
696.871
12,357
709,228
Raising funds
2,264
2.264
Charitable activitles
755,002
25,000
20,789
800,791
(GainyLoss on disposal of tangible fixed assets
943
943
Total expendlture
758.209
25,000
20,789
803,998
Net outgoing resources before transfers
(61,338)
(25,000)
(8,432)
194,770)
Gross transfers between funds
5,518
(5,518)
Net expendlture for the yearl
Net movement In funds
(55,820)
(25,000)
(13,950)
{94,770)
Fund balances at 1 January 2023
630.389
25,000
22.413
677,802
Fund balances at 31 December 2023
574,569.
8,463
583,032

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
Mixed motive investments
15
16
336,223
10,000
346,081
10.000
346,223
356.081
Current assets
Debtors
Cash at bank and in hand
17
46.142
178.423
20,658
228,592
224.565
249.250
Creditors: amounts falling due within
one year
18
(25,320)
{22.299)
Net current assets
199,245
226,951
Total assets less current liabilities
545,468
583.032
The funds of the PCC
Restricted funds
Unrestricted funds
20
4,391
541,077
8.463
574,569
545.468
583,032
The financial statements were approved by the members of the PCC on 28 May 2025
Alan Philips
Trustee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash absorbed by operations
24
{30,885}
(65,980)
Investlng a¢tlvities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
{22,578)
(3,759)
{1)
2,442
3,294
Net cash used in investing activities
(19,284}
(1,3181
Net cash generated from flnancing actlvltles
Net decrease in cash and cash equlvalents
(50,169)
{67,298)
Cash and cash equivalents at beginning of year
228,592
295,890
Cash and cash equlvalents at end of year
178,423
228,592
10-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policles
Charity informatlon
The Parochial Church Council of the Ecclesiastical Parish of St Paul's Ealing is an unincorporated Charlty
registered with the Charity commission in England and Wales (number 1132598); its principle address is
detailed within the legal and administrative page.
1.1 Accounting conventlon
The accounts have been prepared in accordance wilh the PCC'S Powers Measures (1956} as amended, the
Church Representation Rules, the Charities Act 2011 and "Accounting and Reporting by Charities: Statemenl
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting
periods commencing from 1 January 2019}. The PCC is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities {Accounls and Reports} Regulations 2008 only to
the extent requlred to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
The financial statements are prepared in sterllng, which is the functional currency of the PCC. Monetary
amounts in these financial statements are rounded to the nearesl £.
1.2 Golng concern
At the lime of approving the accounts, the members of th8 PCC have a reasonable expectation Ihal the PCC
has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC
continues to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charltable funds
Unrestrioled funds are available for use at the discretion of the members of the PCC in furtherance of their
charilable objectives.
Designated funds comprise funds which have been set aside at the discretion of Ihe members of the PCC for
specific purposes. The purposes and uses of Ihe designated funds are sot out in the notes to the financial
statements.
Reslricled funds are subject to specific conditions by donors Or grantors as lo how they may be used. The
purposes and uses of the reslricted funds are sel out In the notes to the financial statements.
1.4 Income
Income is recognlsed wherl the PCC is legally enlilled to It after any performance conditions have been mat,
the amounls can be measured reliably, and it IS Probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the PCC has beon notified of
the donalion, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacles are recognised on receipt or othe￿iSe if the PCC has been notified of an impendlng distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent
asset.
11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ounting policies
(Contlnued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefil to a
third party, It is probable that a transfer of economic benefits will be required in settlemenl. and the amount of
the obligation can be measured reliably.
Expendilure is classified by activity. The costs of each actlvlty are made up of the tolal of direct costs and
shared costs, including support costs involved in undertaking each aclivity. Direct costs atlributable to a single
activity are allocated directly lo thal actlvity. Shared costs whl¢h conlribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depre¢lation charges are allocated on the portion of the asset's use.
Grants and donations are accounted for when paid away.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Consecrated and beneficed properly is excluded from the accounts.
Depreciation Is provided at rates calculated to write off the cost less estimated residual value of each asset
over ils expected useful life, as follows:
Freehold buildings
Equipment
Fixtures and fittings
Motor vehicles
2.10 p.a. on cost
25 /0 p.a. on net book value
100/0 p.a. on cost
25Q/o p.a. on net book value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and Is recognised in net Incomel{expenditure) for the year.
1.7 Flxed asset investments
Fixed asset investments are initially measured at transactlon price excluding transaction ¢osls, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
inGomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shorl-lerm liquid
investments with original maturllies of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financlal instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instrvments are initially recognised at transaction value and subsequently measured al their
settlement value with the exception of bank loans which are subsequently measured al the carrying value plus
accrued interest less repayments. The financlng charge to expenditure is at a constant rate calculated using
the effective interest method.
12-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢countlng policies
(Continued)
1.10 Retirement benefits
The church operates a definéd contributions pension scheme. Contributions are charged in the accounts as
they become payable in accordance with the rules of the scheme.
Critl¢al accounting estimates and Judgements
In the applicatlon of the PCC'S accountlng policies, the Trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. Thè estimates and associated assumptions are based on hislorical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are revlewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which Ihe estimalè is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affecls both current and future
periods.
Income from donations and18ga¢ies
Unrestrlcted Restrlcted
funds
funds
2024
2024
Tolal Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Standing orders and other
regular giving
Collections at all services
Gift aid recoverable
Olher
408,595
9,716
94,823
10,000
9,197
9,316
417,792
19,032
94,823
10,000
427,439
8,092
78,427
1,498
866
11,206
116
169
428,305
19,298
78,543
1,667
523.134
18,513
541,647
515,455
12,357
527,812
13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
Wedding,
Weddlng,
funeral and funeral and
other fees other fees
2024
2023
Youth events
Wholeness ministry
Language school
Woman's mlnislry and Men's ministry
Senior group
Great and small
other Income
11,653
3,040
835
1,795
572
3,088
7,348
3,260
2,685
2,295
2,597
273
2,814
18,493
28,331
32,417
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
3,294
2,442
other income
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Bookstall income
Hall Hire income
Rental income
Van income
850
78,145
85,853
517
1,841
53,665
84,430
6,621
165,365
146,557
14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on ralsing funds
Unrèstricted Unrestricted
funds
funds
2024
2023
Publlcity costs
Staging fundraising events
2,807
2,264
Expenditure on charitable activities
Outreach
actlvities
2024
Youth
actlvltles
2024
Other Donations
activities
paid
2024
2024
Total
2024
Staff costs
Depreciation and impairment
Direct costs
44,60.6
9.527
37,125
2,268
485
1,723
104.332
22,284
171,304
151,206
32,296
210,152
91,258
4,476
297,920
393,654
Grant funding of activities (see note 9)
162,064
162,064
Share of support and governance costs (see note 10)
Support
62,846
Governance
1,327
3,196
68
146,994
3,105
213,036
4,500
155,431
7,740
448,019
162,064
773,254
Analysis by fund
Unrestricted funds - general
Restricted funds
155,431
7,739
448,019
138,840
23,224
750,029
23,224
155,431
7,739
448,019
162.064
773,253
Staff costs are allocated to the charitable acllvilies on the basis of time allocation within the accounting period
as idontified. This is currently 560/0 to dlrect costs and 440/0 to support costs. The support and govemance
costs basis of allocation has been set oul in note 10 of th8 accounts.
15-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charitable activities
{Continued)
Previous year:
Outreach
actlvlties
2023
Youth
activities
2023
Other Donations
activities
pald
2023
2023
Total
2023
Staff costs
Depreciation and Impairment
Direct costs
43,256
9,404
40,297
2,200
478
796
101,174
21,998
149,439
146,630
31,880
190,532
92,957
3,474
272.611
369,042
Grant funding of activities (see note 9)
159.129
159.129
Share of support and governance costs {see note 10)
Support
78,941
Governance
1.482
4,014
75
184,642
3,466
267,597
5,023
173,380
7,563
460,719
159.129
800,791
Analysls by fund
Unrestricted funds - general
Unrestricted funds - Designated
Restricted funds
166,005
7,375
7,188
375
443,469
17,250
138,340
755,002
25,000
20,789
20,789
173.380
7,563
460,719
159,129
800,791
16-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
Donatlons
pald
2024
Donations
paid
2023
Grants lo institulion5'.
West London Community Trust
Bihar
Redtribe
Growing hope
Grovo mission fundlng
Hope for justice
st Mellitus
Tearfund
St Stephen's Shotlermill
Blank Canvas
Prison fellowship
Soul in Ealing
Oasis International
Sozo Foundation
Open Door
Other
71,489
950
8,812
5,800
9,500
3,970
4,000
16,167
4,000
2,750
2,500
3,000
2,000
2,500
2,000
9,126
76,506
1,000
19,561
9,500
4,000
5,119
2,500
23,871
148,564
142,057
Grants lo individuals
13,500
17,072
162,064
159,129
10 Support costs allocated to actlvltles
2024
2023
Staff costs
Premises cosls
Administrative costs
Governance costs
118,112
73,274
21,649
4,500
109,963
126,926
30,708
5,023
217,535
272,620
Analysed between:
Outreach activities
Youlh activilies
Olher activities
64,173
3,263
150,099
80,423
4,089
188,108
217,535
272,620
17-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Support costs allocated to activitles
(Continued)
Support and governance costs are allocaled to the charitable activities on the basis of activity allocation within
the accounting period as identified. Thls is currently 29.50/0 to Outreach activities, 1.5 % lo Youth acllvities and
690/0 to Other activities. The exception to this is support costs wholly Incurred in respect of a charltable acllvity,
where the full cost is allocated to the relevant activity.
Governance costs include payments lo the Independenl Examiner of £4,500 {2023 - £5,023)
2024
11 Net movement in funds
2023
The net movement in funds is slated after chargingl(crediling):
Fees payable for the independent examlnation of the charity's financial
slatements
Depreciation of owned tangible flxed assets
Loss on disposal of tangible fixed assets
4,500
32,296
141
5,023
31,880
943
12 Members Of The PCC
One of the members of the PCC received remuneration during the year on normal terms for church work.
Normal expenses incurred on church activities were reimbursed to clergy and church workers.
13 Employees
The average monthly number of persons employed by Ihe charity during the year was..
2024
Number
2023
Number
Pastoral, evangelism, etc.
Administration
Cleaning
Total
13
15
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
239,683
13,325
16,310
230,573
11,794
14,226
269,318
256,593
There were no employees whose annual remuneration was more than £60,000.
18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Employees
(Contlnued)
Remuneration of key management personnel
The remuneration of key management personnel is as follows..
2024
2023
Aggregale compensation
104,810
111,786
During 2024, the following key management personnel were members or connected to members of Ihe PCC..
Rev C Fox (member), Mrs T Carshagen (member), Mr S Richardson (member), Mrs V Read (member), and
Mrs K Cosh. All these people were working full-time or part-time for the charity at some point during 2024. The
cost of the clergy is accounted for in the payments lo the London Diocese. Part of this fund pays the stipend
of the vicar. As is standard practice within the Church of England, Ihe vicar receives either housing or houslng
benefil
14 Loss on dlsposal of tangible fixed assets
Unrestricted Unrestrlcted
funds
funds
general
general
2024
2023
Net loss on disposal of tangible fixed assets
141
943
141
943
15 Tangible fixed assets
Freehold
bulldings
Equlpm&nt Flxtures and Motor vehl¢les
flttlngs
Total
Cost
Al 1 January 2024
Additions
Disposals
469,480
3,880
122,717
17,656
(141)
226,241
1,042
9.949
828,387
22,578
(141)
At 31 December 2024
473,360
140,232
227,283
9,949
850,824
Depreciation and impairment
At 1 January 2024
Depreclalion charged in the year
193,972
9,158
110,676
3,753
169,478
18,942
8,179
443
482,305
32,296
At 31 December 2024
203,130
114,429
188,420
8,622
514,601
Carrying amount
At 31 December 2024
270,230
25,803
38,863
1,327
336,223
Al 31 December 2023
275,507
12.041
56,763
1,770
346,081
19-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Mlxed motive Inveslments
Green
pastures
Al 1 January 2024
Advances
Recovered
10,000
10,000
(10,000)
At 31 December 2024
10,000
17 Debtors
2024
2023
Amounts falling due withln one year:
other debtors
Prepaymenls and accrued income
675
45,467
1,875
18,783
46,142
20,658
18 Creditors: amounts falling due within one year
2024
2023
Trade credltors
Other creditors
Accruals and deferred income
575
10,931
13,814
958
14,701
6,640
25,320
22,299
19 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profil or loss in respecl of defined contribulion schemes
16,310
14,226
The charity operates a defined contribution pension scheme for all qualifying employèes. The assets of th8
scheme are held separately from those of the charity in an independently administered fund.
-20-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Restrlcted funds
The restricted funds of the PCC comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as lo how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Missions and UK charities
Outreach activities
other church activities
7,040
335
1,088
18,513
{22,134)
637
4,056
335
(1,090)
8.463
18,513
{23,224)
639
4,391
Previous year".
At 1 January
2023
Incomlng
resources
Resources
expended
Transfers
At31
December
2023
Missions and UK charities
Outreach activities
Other church activities
15,743
298
6,373
6,846
37
5,474
{15,548)
7,041
335
1,088
(5,2411
(5,518)
22,413
12,357
(20.789)
(5,518)
8,463
Mlsslons and UK Charltles - For payments to mlssion activities supported by the PCC and donations to UK
and overseas charities.
Other Church Activilles
For activlties relating to general support and maintenance of the church. The
transfer represents the capital element held within restricted funds spent on sound equipment in a prior year,
to be reallocated lo the unrestricted funds. Furthermore, it involvès the Iransfer of funds spent on renovalion
works which were expensed through unrestricted funds in a prior year but should have been expensed
through restricted funds.
Outreach Actlvltles - For supporting activities in the local community.
21

THE PAROCHIAL CHVRCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Mixed motive investments
Current asset41(liabilities)
336,223
10,000
194,854
336,223
10,000
199,245
4,391
541,077
4,391
545,468
Unrestrl¢ted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Mixed motive investments
Current assetsl(liabilities)
346,081
10,000
218,488
346,081
10,000
226,951
8,463
574,569
8,463
583,032
22 Operating lease commitments
Lessor
The operating leases represent leases of land and buildings to third partie5.
At the reporting end date the PCC had contracted with tenanls for the following minimum lease payments:
2024
2023
Within one year
4.375
8,750
-22-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL'S EALING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Related party transactlons
During the year the following trusteès were directors or members of related entities or were connected to
people or organisations in receipt of payments from St Paul's PCC..
Trustee
Relaled Party
CFOX
Trustee of St Paul's Communily Playschool and
of West London Community Trust
West London Communily Trust
During the year the following related entities had amounts either made to them or amounts owed to or by
them with St Paul's PCC-
V Read
West London Community Trust - Grant payments made during the year totalled £71,489 {2023 - £76,506).
these include donations made to them from St Paul's PC.C for the costs of mortgages for properties held in
West London Community Trust.
Aggregated donations recelved from the trustees or related partles without conditlons were £37,451 (2023
£29,530), and wilh conditions were £412 (2023- £353).
24 Cash absorbed by operations
2024
2023
Deficit for Ihe year
{37.564)
(94,770)
Adjustments for:
Investment income recognised in statement of financial aclivitles
Loss on disposal of langible fixed assels
Depreciation and impairment of tangible fixed assets
(3,294)
140
32,296
(2,442)
942
31,880
Movements in working capltal:
Decreasellincrease} in mixed motlve inveslments
(Increase)Idecrease In debtors
Increasel{decrease) in creditors
(10,000}
10,038
(1,628)
(25,484}
3,021
Cash absorbed by operations
{30,885)
165,9801
25 Analysis of changes in net funds
The PCC had no material debt during the year.
-23-