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← Parochial Church Council Of The Ecclesiastical Parish Of St Paul, Cambridge

2024-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF

THE ECCLESIASTICAL PARISH OF ST PAUL, CAMBRIDGE

(Registered Charity No. 1132965)

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Aims and Purposes

St Paul’s Parish Church Council (PCC) has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. The Ely Diocesan vision is that:

We pray to be generous and visible people of Jesus Christ

We work to realise that vision by being committed and prayerful in these ways:

The five Anglican marks of mission are:

  1. To proclaim the Good News of the Kingdom

  2. To teach, baptise and nurture new believers

  3. To respond to human need by loving service

  4. To seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation

  5. To strive to safeguard the integrity of creation and sustain and renew the life of the earth

Objectives and Activities

The PCC is committed to enabling as many people as possible to make connections with themselves, with one another, with our local community and with God. The PCC maintains an overview of both the worship life of the church and its other activities, including the running of the community centre.

When planning our activities for the year, the Vicar and the PCC have considered the Commission’s guidance on public benefit, and the specific guidance on charities for the advancement of religion. St Paul’s exists to serve the people of the ecclesiastical parish in which we are set, through providing them with opportunities to engage with the Christian faith, connect with a Christian community and to live life to the full.

We also support people to live out their faith as part of our parish community through the additional three Anglican marks of mission (see above 3-5). This includes:

To facilitate this work, it is essential that we maintain the fabric of the Church of St Paul’s, Cambridge.

2

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Summary of the Year’s Activities

During the course of the year the Parochial Church Council (PCC) met 7 times. The members are listed on page 20 of this Annual Report.

Staff

The PCC made a number of appointments in 2024 to build the capacity of the team to deliver across all our activities. Anna Pile began as the Children and Family Worker in January; Joanne Koehler started as the Operations Manager in April; and Laura Swindell started as the Church and Centre Assistant in May. In October, Emma Caroe started as our Community Development Worker. We were sad to say goodbye to Dawn Robinson in March 2024.

In June, Dr Rebecca Applin Warner was ordained as a Deacon and began her self-supporting curacy in the parish. With Becky's ministry, Taize services, Outdoor Church and retreat days have been launched, deepening the range of our worship styles and enabling growth in our spirituality. We had new theology students on placement at the start of the academic year, being Peter Amir from Ridley Hall and Laura MacFarlane from Westcott House. Students on placement with us preach, lead services, run courses, are active in our groups and support our community outreach.

Activities

Through the various appointments listed above, the PCC has sought to ensure that St Paul’s is able to deliver its core mission of teaching about and enacting the love of God for all people through the four areas of its life: congregation, compassion, culture and commerce. The PCC has continued to support the provision of three meals a week at the Centre, to foster fellowship and community, and to serve those who are more vulnerable, such as the homeless. Alongside the food ministry, outings have been arranged, such as the trip to the seaside and the theatre trip to see Cinderella . The PCC has also remained committed to its partnership with Cambridge City Foodbank, hosting and supporting two emergency food distribution sessions per week. The PCC is aware that none of these programmes could be sustained without the support of the congregation and others who volunteer to cook, serve food, offer friendship and practical support. The PCC are hugely thankful for the whole community and the way in which the love of God is demonstrated through love of neighbours.

While many in our congregation offer care for others in numerous ways, the ministry team supports the needs of our community through visits, phone calls, prayer ministry and the sending of cards. The midweek services, such as Monday Simple Prayer, Iona Prayer, and Wednesday Prayers enable growth in faith and love, and compassion to one another. Our three weekly hospitality meals sustain pastoral care in a group setting; Tuesday Fellowship has been relaunched as Tuesday Cuppa and meets less regularly but continues to thrive. The pastoral connection to St George’s Court care home is strong, ably led by Christina Barry LLM, who leads fortnightly services and regular visits.

School

The PCC supports the work of our connected primary school: St Paul’s Church of England Primary School. The vicar is an ex-officio governor of the school. The whole school visited St Paul’s for their Easter Service and Year 6 took part in a Labyrinth Spirituality Day as part of their transition to secondary school. This year christingles were made with the whole school, with every child who

3

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

wanted one able to make them and take one home. The vicar leads collective worship every week at the school and, with Anna’s appointment, the links are strengthening.

With Anna’s leadership, the worship club has blossomed, and we are overflowing with children who come along and love the sessions. Anna and Imogen offer pastoral support to the school community. The vicar is also a trustee of the Church Schools of Cambridge (CSOC), along with David Farrer who has served admirably as link trustee for St Paul’s School for a number of years. CSOC supports Church of England schools in the city and makes grants for other churches for work in schools. One of our PCC members, Mark Elliott has been Chair of Governors of the school.

External Links

The PCC has supported the church’s continued participation and membership of Citizens’ UK. We were successful in securing a place on the ‘Going for Growth’ programme run by the Centre for Community and Theology in East London. This Centre grew out of local church involvement in community organising, and works with a growing number of churches from a wide range of denominations and traditions. The ‘Going for Growth’ programme aims to adopt the skills and practices of community organising to support church growth. In October, as part of the programme, St Paul’s ran a Weaving Trust event, designed to bring people together across difference, to build relationships and trust in the community. Anna Pile and Imogen Nay attend bi-monthly training sessions as part of the programme, which includes training in one-to-one conversations.

The PCC supported a series of Inclusive Church Group talks in the Easter Season. The talks were given by experts in the field, providing an introduction to different theologies, such as black theology and trauma theology. The talks were very well attended and received.

ArtsFest

The church held its fourth bi-annual ArtsFest from 18-21 September 2024, dedicated to the late Kip Gresham, co-founder of the event in 2016. The organising committee were Tim Boniface, Adrienne Chaplin, Martin Evans, Patrick Morris and Becky Warner.

The week featured a rich programme of workshops, performances and exhibitions. Evening events included a talk and poetry reading by Rowan Williams; a play by Justin Butcher, Scaramouche Jones; a jazz concert by Tim Boniface’s Quartet; and Seasons, a musical dinner performance inspired by Ecclesiastes 3, written by Becky Warner in close collaboration with all-age members from the congregation and community. Exhibitions included works in the foyer by Kip Gresham, Martin Evans and Mark Rigby; a photographic exhibition called Kintsugi People in the main hall; and a Community Art Exhibition in the Lower Hall with works by over 30 local artists.

The festival highlighted the power of art to celebrate creation’s beauty, explore profound human questions, and engage imaginatively with the Christian story. Supported by the hospitality of the Arts Café, it fostered informal conversations and drew in people less familiar with St. Paul’s or with church life in general.

Underwritten by the PCC for £10,000 the festival ended up with an operating budget surplus of about £1,600 (costs: £9,900; income: £11,500). This does not take into account staff time and other costs to the church such as a loss of rental income during that week.

4

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Finance Report

Attached to this Annual Report is a summary Statement of Financial Activities for the year, a full set of accounts and the Independent Examiner’s Report on these accounts.

2024 was for St Paul's a year of growth financially - with both total income and total expenditure increasing compared to 2023. Parishioners should be encouraged to see a growth in both Room Lettings income and regular giving. The Church's total funds have increased by over £19,000 in 2024, predominantly due to a grant from The National Lottery Community Fund (Awards for All), the majority of which we expect to spend in 2025. We are hugely grateful for the legacies of Peter Park and of Susan Wesley, both received this year.

A continued challenge as a congregation is to maintain the steady increase in our regular giving so that it keeps up with the inflationary increases in the cost of our parish share. Those that are able are invited to review their regular giving (such as by using the Parish Giving Scheme), and/or consider contributing more to the life of the church with their time. Such support will over the long run make our church less dependent on grant income, and more resilient in an inflationary economic environment.

St Paul's is indebted to the work of the whole finance team: Giulia Kistruck (bookkeeper), Keith Cowley (gift aid administrator) and David Farrer (advisor).

Reserves

The Church of England recommends that a PCC should adopt a formal reserves policy in its accounts and a broad recommendation for most charities is that they have unrestricted funds available to meet three months’ future expenditure. In the light of the financial performance of the Centre in recent years, St Paul’s has always maintained balances well in excess of any normal reserve requirement. Our current unrestricted funds balance continues to support this position.

Overall

2024 has been a full year, as the PCC has sought to build capacity to enable delivery across the four identified areas of: congregation, compassion, culture and commerce. The Annual Parochial Church meeting in May will include oral reports from those leading our many activities.

5

6

STATEMENT OF FINANCIAL ACTIVITIES

Notes
Income from
Donations
2a
Charitable activities
2b
Other activities
2c
Investments
2d
Other
2e
Total Income
Expenditure on
Raising funds
3a
Charitable activities
3b
Total Expenditure
Net Income/(Expenditure)
Transfers between funds
10
Net movement in funds
Balances at 1 January
Balances at 31 December		 Unrestricted Funds
Restricted Funds
Total
Congregation
Centre
Congregation
Centre
Funds
2024
2024
2024
2024
2024
£
£
£
£
£
93,116
7,584
26,930
127,630
502
11,670
-
-
12,172
10,860
143,847
-
-
154,707
-
3,551
-
-
3,551
8,070
-
-
-
8,070
112,548
159,068
7,584
26,930
306,130
-
547
-
-
547
77,602
175,255
33,620
-
286,477
77,602
175,802
33,620
-
287,024
34,946
(16,734)
(26,036)
26,930
19,106
(20,403)
15,945
25,015
(20,557)
-
14,543
(789)
(1,021)
6,373
19,106
126,959
27,502
22,156
13,620
190,237
141,502
26,713
21,135
19,993
209,343		 Unrestricted Funds
Restricted Funds
Total
Congregation
Centre
Congregation
Centre
Funds
2023
2023
2023
2023
2023
£
£
£
£
£
97,765
16,897
5,492
13,620
133,774
1,034
9,049
6,415
-
16,498
-
120,031
-
-
120,031
-
287
-
-
287
789
-
-
-
789
99,588
146,264
11,907
13,620
271,379
-
162
-
-
162
63,225
140,011
26,375
-
229,611
63,225
140,173
26,375
-
229,773
36,363
6,091
(14,468)
13,620
41,606
(20,749)
(4,218)
31,148
(6,181)
-
15,614
1,873
16,680
7,439
41,606
111,345
25,629
5,476
6,181
148,631
126,959
27,502
22,156
13,620
190,237

All amounts relate to continuing activities. There were no recognised gains or losses other than those included above.

The notes on pages 4 to 14 form part of these financial statements

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

BALANCE SHEET

Notes
Fixed Assets
Tangible Fixed Assets
5
Current Assets
Debtors
6
Cash at bank & in hand
7
Creditors: amounts falling due
within one year
8
Net Current Assets
Total Net Assets
Parish Funds
General Reserve
10
Designated Funds
10
Total Unrestricted Funds
Restricted Funds
10
Total Funds		 Total
Funds
Total
Funds
2024
2023
£
£
8,625
10,533
19,925
10,138
195,516
183,429
215,441
193,567
(14,723)
(13,863)
200,718
179,704
209,343
190,237
64,731
57,412
103,484
97,049
168,215
154,461
41,128
35,776
209,343
190,237

Approved by the Parochial Church Council and signed on its behalf

Andrew Chaplin Treasurer 24 March 2025

The notes on pages 4 to 14 form part of these financial statements

7

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

NOTES TO THE FINANCIAL ACCOUNTS

NOTE 1 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the financial statements are as follows.

Basis of Accounting

The financial statements have been prepared under the Charities Act 2011, Church Accounting Regulations 2016 and in accordance with the October 2019 second edition of the Charities Statement of Recommended Practice (the Charities SORP) and Financial Reporting Standard 102 (FRS 102) effective from 1 January 2019. The financial statements are drawn on the historical cost basis of accounting with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts.

The financial statements include all transaction, assets and liabilities for which the PCC is responsible in law. They do include the accounts of the church groups that owe affiliation to another body or those that are informal gatherings of church members. The PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the charity’s ability to continue and accordingly accounts have been drawn up on a going concern basis.

Financial Instruments

The PCC has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction values and subsequently measured at their settlement value.

Income

Donations are included gross in the SOFA when the Charity is entitled to the income and has actually received the cash into its bank account and the value is thus measured reliably. Donations are treated as unrestricted unless specifically restricted by the donor. Income from grants is recognised gross when notification of approval is received and treated as unrestricted unless specifically restricted by the donor.

Expenditure

Expenditure is accrued as soon as a liability is considered probable and the amount of the obligation can be measured reliably. As the PCC is not registered for VAT, expenditure includes VAT where appropriate.

8

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Tangible Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with S10 (2) (a) of the Charities Act 2011. This includes Church Silverware and historic furnishing. No value is placed on movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are considered inalienable property.

Other fixtures and fittings: furniture and equipment costing more than £1,000, used within the church premises is depreciated on a straight-line basis over the estimated useful life of 10 years. Individual items costing less than £1,000 are written off when acquired.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objects of the charity. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subject to restrictions on their spending, imposed by the donor.

9

10

NOTE 2. INCOME

2a
Donations & Legacies
Tax efficient planned giving
Other planned giving
Collections
Gift days
Grants
Donations, appeals etc
Legacies
Gift aid recovered
2b
Charitable activities
Statutory fees
Parish Weekend
Hospitality lunches
Other events
2c
Other activities
Room lettings
ArtsFest
2d
Investments
Bank interest
2e
Other
Feed-in Tariff payments
Insurance claims		 Unrestricted Funds
Restricted Funds
Total
Congregation
Centre
Congregation
Centre
Funds
2024
2024
2024
2024
2024
£
£
£
£
£

39,546
-
7,584
-
47,130

9,424
-
-
-
9,424

3,420
-
-
-
3,420

7,578
-
-
-
7,578

-
-
-
26,930
26,930

4,500
-
-
-
4,500

16,000
-
-
-
16,000

12,648
-
-
-
12,648
93,116
-
7,584
26,930
127,630

502
-
-
-
502

-
-
-
-
-

-
10,889
-
-
10,889

-
781
-
-
781
502
11,670
-
-
12,172

-
143,847
-
-
143,847

10,860
-
-
-
10,860
10,860
143,847
-
-
154,707

-
3,551
-
-
3,551
-
3,551
-
-
3,551
8,070
-
-
8,070

-
-
-
-
-
8,070
-
-
-
8,070		 Unrestricted Funds
Restricted Funds
Total
Congregation
Centre
Congregation
Centre
Funds
2023
2023
2023
2023
2023
£
£
£
£
£
37,986
-
5,492
-
43,478
12,538
-
-
-
12,538
2,959
-
-
-
2,959
8,271
-
-
-
8,271
2,264
16,897
-
13,620
32,781
3,475
-
-
-
3,475
20,000
-
-
-
20,000
10,272
-
-
-
10,272
97,765
16,897
5,492
13,620
133,774
1,034
-
-
-
1,034
-
-
6,415
-
6,415
-
8,943
-
-
8,943
-
106
-
-
106
1,034
9,049
6,415
-
16,498
-
120,031
-
-
120,031
-
-
-
-
-
-
120,031
-
-
120,031
-
287
-
-
287
-
287
-
-
287
789
-
-
789
-
-
-
-
-
789
-
-
-
789

99,588 146,264

11,907 13,620 271,379

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024 Total 112,548 159,068 7,584 26,930 306,130

11

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

NOTE 3. EXPENDITURE

3a
Raising Funds
Advertising/Publicity
3b
Charitable Activities
Church Activities
Mission giving & donations
Parish Share
4
Staff costs
Clergy Expenses
ArtsFest/Parish weekend
Programme
Church expenses
Building maintenance
Cleaning and Caretaking
Insurance
Office/administration
Bank charges
Children's activities
Upkeep of service
Music
Computers/Equipment
Other running costs
Depreciation
Church utility bills
Hospitality
Major Capital Costs
Major repairs to Church
PCC Governance Costs		 Unrestricted Funds
Restricted Funds
Total
Congregation
Centre
Congregation
Centre
Funds
2024
2024
2024
2024
2024
£
£
£
£
£
-
547
-
-
547
-
547
-
-
547
80
-
6,950
-
7,030
59,508
19,836
-
-
79,344
-
73,781
19,670
-
93,451
2,420
-
-
-
2,420
9,531
-
-
-
9,531
995
11
-
-
1,006
-
20,760
-
-
20,760
-
11,589
-
-
11,589
-
7,149
-
-
7,149
373
8,311
-
-
8,684
468
384
-
-
852
1,313
-
1,112
-
2,425
2,129
-
-
-
2,129
421
-
284
-
705
-
5,436
-
-
5,436
-
1,181
-
-
1,181
-
1,908
-
-
1,908
-
18,077
-
-
18,077
364
6,332
-
-
6,696
-
-
5,604
-
5,604
-
500
-
-
500		 Unrestricted Funds
Restricted Funds
Total
Congregatio
n
Centre
Congregation
Centre
Funds
2023
2023
2023
2023
2023
£
£
£
£
£
-
162
-
-
162
-
162
-
-
162
544
-
12,100
-
12,644
57,234
19,078
-
-
76,312
-
48,674
-
-
48,674
948
-
-
-
948
-
-
8,094
-
8,094
414
-
-
-
414
-
9,898
-
-
9,898
-
19,001
-
-
19,001
-
5,668
-
-
5,668
757
8,091
-
-
8,848
-
785
-
-
785
323
-
171
-
494
1,918
-
-
-
1,918
697
-
286
-
983
-
2,006
-
-
2,006
(425)
535
-
-
110
-
2,013
-
-
2,013
-
18,981
-
-
18,981
815
4,781
-
-
5,596
-
-
5,724
-
5,724
-
500
-
-
500

12

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Total 77,602
175,255
33,620
-
286,477
77,602
175,802
33,620
-
287,024		 63,225
140,011
26,375
-
229,611
63,225
140,173
26,375
-
229,773

13

14

NOTE 4. STAFF COSTS & REMUNERATION OF KEY MANAGEMENT PERSONNEL

Staff Costs
Wages & Salaries
Employer's Pension Contribution		 2024
2023
£
£
91,862
48,194
1,589
480
93,451 48,674

The PCC consider its key management personnel comprise the Centre Manager and Trustees.

The number of employees was 7 in 2024 and 2 in 2023. This number does not include Trustees who are not allowed to receive remuneration for their duties.

No employee received benefits from employment (excluding employer pension contributions) of more than £60,000.

NOTE 5. TANGIBLE FIXED ASSETS

Costs
As at 1 January
Additions for year
As at 31 December
Depreciation
As at 1 January
Charge for year
As at 31 December
Net Book Value
As at 31 December		 Fixtures & Fittings
2024
2023
£
£
64,929
61,317
-
3,612
64,929
64,929
54,395
52,382
1,909
2,013
56,304
54,395
8,625
10,534

NOTE 6. DEBTORS

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Gift Aid Recoverable
Other Debtors
Prepayments		 2024
£
5,796
14,129
-
19,925		 2023
£
5,087
4,270
780
10,137

NOTE 7. CASH and CASH EQUIVALENTS

Cash at Bank and in hand consisted entirely of no-notice bank deposits at the bank listed in Note 14.

NOTE 8. CREDITORS – Amounts falling due within one year

Trade Creditors
Accruals & Sundry Creditors		 2024
£
(13,026)
(1,697)
(14,723)		 2023
£
(12,655)
(1,208)
(13,863)

NOTE 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

15

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

Unrestricted Funds
General Congregation
General Centre
Designated Funds
Legacies
Electricity Feed in Tariff
Fixed assets
ArtsFest
Restricted Funds
Child Empowerment Uganda
Divine Hope Foundation
Mission
Children and Youth
Organ
Refurbishment
Staff and Volunteers
Vicar's Discretionary
Cambridge City Foodbank
National Lottery Community
Fund (Cost of Living)
National Lottery Community
Fund (Awards for All)
Font		 Tangible
Fixed
Assets
Debtors
Cash at
Bank
Creditors
within
year
2024
Total
£
£
£
£
£
-
6,354
41,486
1,197
46,643
-
13,571
18,043
13,526
18,088
-
-
88,489
-
88,489
-
-
6,370
-
6,370
8,625
-
-
-
8,625
-
-
-
-
-
8,625
19,925
154,388
14,723
168,215
-
-
-
46
-
46
-
-
33
-
33
-
-
7
-
7
-
-
4,552
-
4,552
-
-
4,696
-
4,696
-
-
1,468
-
1,468
-
-
6,765
-
6,765
-
-
1,930
-
1,930
-
-
-
-
-
-
-
-
-
-
-
-
19,593
-
19,593
-
-
2.038
2.038
-
-
41,128
-
41,128
8,625
19,925
195,516
14,723
209,343

16

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

NOTE 10. FUNDS

Unrestricted Funds
General Congregation
General Centre
Designated Funds
Legacies
Electricity Feed in Tariff
Fixed assets
ArtsFest
Restricted Funds
Child Empowerment Uganda
Divine Hope Foundation
Mission
Children and Youth
Organ
Refurbishment/Building
Repairs
Staff and Volunteers
Vicar's Discretionary
Cambridge City Foodbank
National Lottery Community
Fund (Cost of Living)
National Lottery Community
Fund (Awards for All)
Font
TOTAL RESERVES		 Balance at
1 January
2024
Incoming
Resources
Resources
Expended
Write
off
Transfers
Balance at
31Decembe
r 2024
£
£
£
£
£
£
40,443
77,619
(87,907)
-
16,488
46,643
16,969
159,067
(154,057)
-
(3,891)
18,088
57,412
236,686
(241,964)
-
12,597
64,731
86,515
16,000
-
-
(14,026)
88,489
-
8,070
-
-
(1,700)
6,370
10,534
-
(1,909)
-
-
8,625
-
10,860
(9,531)
-
(1,329)
-
97,049
34,930
(11,440)
-
(17,055)
103,484
270
1,026
(1,250)
-
-
46
96
337
(400)
-
-
33
-
307
(5,300)
-
5,000
7
6,339
280
(20,382)
-
18,315
4,552
4,773
207
(284)
-
-
4,696
2,646
2,726
(5,604)
-
1,700
1,468
6,140
625
-
-
-
6,765
1,892
38
-
-
-
1,930
11,250
-
-
-
(11,250)
-
2,370
6,397
-
-
(9,307)
-
-
19,993
(400)
-
-
19,593
-
2,038
-
-
-
2,038
35,776
34,514
(33,620)
-
4,458
41,128
190,237
306,130
(287,024
)
-
-
209,343

  1. The PCC decided to transfer the surplus of the Centre Hospitality programme from General Centre to General Congregation Fund. In 2024 this was £4,612.

  2. The PCC decided that 25% of the parish share is transferred from General Congregation to General Centre Fund. In 2024 this was £19,670.

17

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

  1. All other transfers are mentioned in the following funds list

DESIGNATED FUNDS

LEGACY: Legacy donations are designated by the PCC for purposes to be decided. In 2024 £14,026 was transferred to the Children and Youth Fund.

ARTSFEST: These funds were to support the ArtsFest project. In 2024 the PCC decided to transfer the balance of £1,329 to General Congregation Fund (£829) and Children and Youth Fund (£500)..

ELECTRICITY FIT: This fund records income from the Church’s solar electricity feed-in-tariff. In 2024 the PCC decided to transfer £1,700 to the Refurbishment Fund.

FIXED ASSETS: This designated fund is set to match the value of fixed assets.

RESTRICTED FUNDS

CHILD EMPOWERMENT UGANDA (CHEM U): Through donations to the Kate Farrer Foundation, this fund supports a small charity educating and supporting orphans in Uganda.

DIVINE HOPE: Through donations to the Kate Farrer Foundation, this fund supports a small charity supporting health clinics and education in Uganda

MISSION: This fund is used by St Paul’s for mission & charitable giving. In 2024 a transfer of £5,000 was made from the General Congregation Fund to support Mission giving.

CHILDREN AND YOUTH: This fund supports children and youth work including a Children and Family Worker. In 2024 £14,026 was transferred from the Legacy Fund, £3,789 from the General Congregation Fund (50% of Gift Day donations) and £500 from the ArtsFest Fund.

ORGAN: This fund holds donations towards maintenance on the Church organ/piano when required.

REFURBISHMENT: Retained as a fund towards major building works when required. In 2024 the PCC decided to transfer £1,700 from the Electricity Feed-in tariff designated fund to the Refurbishment Fund.

STAFF AND VOLUNTEERS: To fund staff and volunteers working and volunteering for St Paul’s. This was previously the Intern Fund.

VICAR’S DISCRETIONARY FUND (VDF) : This fund support donations to charitable causes at the Vicar's discretion.

CAMBRIDGE CITY FOODBANK GRANT: In 2024 St Paul’s used the outstanding balance of £11,250 received in 2023 from Cambridge City Foodbank towards the running of Foodbank at St Paul’s. These funds were transferred into the General Centre Fund.

18

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

NATIONAL LOTERY COMMUNITY FUND (COST OF LIVING): In 2024 St Paul’s received £6,937 from the National Lottery Fund (Cost of Living). This was added to the funds balance of £2,370 from 2023 and the total of £9,307 was used towards the project. These funds were transferred into the General Centre Fund.

NATIONAL LOTTERY COMMUNITY FUND (AWARDS FOR ALL): In 2024 St Paul’s received £19,993 from the National Lottery Fund (Awards for All). This is be used to support the new Community Worker. In 2024 £400 was used towards this project.

FONT: This fund was set up to hold funds donated for the previous St Paul’s pulpit to be restored as a font.

NOTE 11. Trustee Remuneration & Expenses

In 2024 Peter Bone (trustee) received £750 from St Paul’s for graphic design freelance services for the ArtsFest.

NOTE 12. Related Party Transactions

No donations from Trustees or Related Parties were provided with conditions which would, or might, require the charity to alter significantly the nature of its existing activities.

NOTE 13. Independent Examination Fees

In the year to 31 December 2024, £500 was accrued for the Independent Examination of the 2024 accounts by Geoff Mann Ltd and £490 was paid for work done in 2023. No other assurance, tax advisory or financial services were provided and consequently, no other fees were paid.

19

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

NOTE 14. ADMINSTRATIVE INFORMATION

Charity Registration Number: 1132965
Registered Address: St Paul’s, Hills Road, Cambridge CB2 1JP
Banker CAF Bank, West Malling, Sussex, ME19 4JQ
Independent Examiner: Geoff Mann Ltd, Dee House, Cambridge CB4 2BQ
Trustees: Rev Imogen Nay (Chair)
Christina Barry
Pete Bone - appointed May 2024
Andrew Chaplin (Treasurer)
Dr Jonathan Chaplin (Warden)
Dr Lucia Chaplin
Liz Diamond (Warden)
Professor Mark Elliot
Julia Evans - resigned December 2024
Helen Flynn
Professor Jenny Mander
Professor Robert McCorquodale (Vice-Chair)
Elizabeth von Rabenau
Helen Robbins
Bryony Trill - resigned February 2025
Rev'd Dr Rebecca Applin Warner - appointed June 2024
Joanne Wroe

20

Parochial Church Council of the Ecclesiastical Parish of St Paul, Cambridge Financial Statements for the year ended 31 December 2024

The PCC of the Ecclesiastical Parish of St Paul, Cambridge

Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge, CB4 2BQ

Dear Geoff

We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other members of the PCC, the following representations given to you in connection with your independent examination of the accounts for the year ended 31 December 2024.

As agreed by correspondence with the PCC members.

[signed] Rev Imogen Nay

Member of the PCC

Date 1[st] April 2025

21

INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 TO THE PCC OF THE ECCLESIASTIC PARISH OF ST PAUL, CAMBRIDGE

This report on the accounts of the PCC for the year ended 31 December 2024, which are set out on pages 6 to 19, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2016 (the Regulations) and section 145 of the Charities Act 2011 (the Act).

RESPECTIVE RESPONSIBILITIES OF THE PCC AND THE EXAMINER

As members of the PCC you are responsible for the preparation of the Accounts; you consider that the Audit requirement of the Regulations and section 144 (2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act and to be found in the Church Guidance, 2016 edition.

The examination includes a review of the financial records kept by the PCC and a comparison of the accounts with those records. It also includes

considering any unusual items or disclosures in the accounts, and seeking explanations from you as members of the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given in these accounts.

INDEPENDENT EXAMINER’S REPORT

In connection with my examination no matter has come to my attention:

Geoff Mann FCIE

Geoff Mann Limited Dee House, Highworth Avenue Cambridge CB4 2BQ

24 March 2025