2020-12-31-accounts

(Registered Charity Number 1134614) PCC Annual Report Year ending 31[st] December 2020

Contents and Index		Page
1. Objectives and Activities		2
2. Aims	2
3. Impact of Coronavirus		2
4 Church Attendance and special services and events
4
5 Finance- see also separate annual accounts
4
6 Fabric	5
7 Safeguarding	8
8 Volunteers		9
9 Administrative and Governance information
10
Appendices
1 Prayer

2 Annual Reports from PCC Sub Committees and review of Church activities

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Approved by PCC 17 March 2021

1 Objectives and Activities

The Parochial Church Council has the responsibility for cooperating with the Incumbent in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Parish Church which is a Grade 1* listed building.

2 Aims

These are set out in the Parish’s Mission Action Plan, approved at the 2020 APCM as

‘In 2024 St Paul’s will be a church which is growing and actively engaging with the people of Bedford and beyond, by living and sharing Jesus’ love.’

To achieve this aim, we planned to continue to offer regular services and meaningful worship of high quality: catholic liturgical style and music.

special services, especially for the civic life of the borough and county a beautiful, historic, awe inspiring building which is well cared for a place of prayerfulness and peace

good sermons and teaching which is stimulating and scriptural a welcoming church, open daily and a presence with the town, hospitality and an inclusive and accepting ethos, supported by the work of the Pastoral Assistant

a relaxed and friendly ambience and ethos, fostering 7/7 belonging a desire to reach out into the community with the love and Good News of Jesus

Over the following 3 years, we planned to develop in the following ways by growing and actively engaging with the people of Bedford and beyond, by living and sharing Jesus’ love through Refresh the Leading Your Church Into Growth (LYCIG) too

Engaging in the diocesan ‘Growing Younger’ Big Conversations Outreach into the community with the advent of a Pioneer Minister and the refreshing of the Cluster ministry in the town Refresh Welcome leaflet and translate into key languages

We also recognised the need to be more relevant to youth, and to develop a more positive child friendly ethos and to actively engage children more. To maintain our standard of music, the aim was to recruit singers of all ages, provide more musical support for Director of Music and develop an outreach into schools.

To provide the basis for this, we recognised the need to stabilise and increase financial income and develop succession planning to find future treasurers

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We also confirmed commitment to Creation and addressing Climate Change (Fifth Mark of Mission)

3 The Impact of the Coronovirus Epidemic

Having begun the year in the confident expectation that we would be able to continue with these and begin implementation of our plans and having done so for the first weeks of the year, the church building had to close in the first national lockdown.

Worship and Welcome

From 16 March until the beginning of August therefore there was no worship in the church building, and very limited opportunity to exercise our ministry of welcome to other than the worshipping congregation and those who accessed our on-line resources. During this period, the Vicar began a series of short weekly addresses, recorded in the Vicarage and available via the church web site and Youtube. As greater experience was gained, these developed and recorded services, again filmed in mainly in the Vicarage, were introduced, with other members of the ministerial team participating.

With the ending of the initial lockdown, once the building had been deemed to be Covid safe, the church reopened in July on a limited basis — two hours a day, Monday to Saturday - for private prayer. From 2[nd] August, a 10.15 Sunday Eucharist was introduced and from September, a mid-day Eucharist on Wednesday. That basic pattern continued for the rest of the year. While a number of Advent and Christmas services were planned, the introduction of the local tier system, which saw Bedford in Tier 4, meant that the only additional services held during Advent and Christmas were the Carol Service and a recorded Eucharist for Christmas Day.

Pastoral and Community

An early priority was to identify those with whom it was important to maintain pastoral contact, a group that was wider than the worshipping congregation. Once that had been done, various interest and geographical groups were created, and each was allocated to a PCC member. Their role was to maintain regular contact with the group to ensure that any practical needs were met, eg through referral to the Borough’s support hub, with any spiritual needs referred to the Vicar. Following the reopening of the church, group leaders had highlighted to them those who had not attended, and were asked to ensure that they were, for example, aware of the arrangements for Advent and Christmas services.

With the arrival of Fr Luke Larner, initially, pending his ordination, as an Authorised Lay Worker before being able to take up his post as Assistant Curate and Pioneer Minister, there has been engagement with community leaders and organisations to explore how St Paul's might develop. One outcome was a Festival of Hope, held at the beginning of September. Although it had to be ended because of the second lock-down, it attracted a number of visitors and created opportunities for further interaction with

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the groups involved, such as the Police, Hospital Friends and Charity and others.

Local Mission and outreach

The traditional significant areas of outreach - catering on Saturdays and for Tuesday concerts, the three parish fayres and concerts could not continue once lockdown was introduced in March. Tuesday concerts and organ recitals were reintroduced in September with increased attendance. The new initiative introduced last year of hosting the Bedfordshire WI’s Country Markets’ weekly market stall, providing them with a warmer and drier environment and encouraging more people into the church building continued when there was no lockdown. Sadly, there was no Remembrance Sunday Service in church, which meant there was no involvement of the Brickhill Scout Group

Learning and Training

Several house groups were established to do a Lent course, and while most came to a premature end, one continued via zoom, and then did an Advent course and part of another. Members of the congregation have also continued to take part in training activities organised by the local Belief group.

4. Church Attendance and special services and events

At the beginning of the year, there were on the electoral roll 109 (19 resident, 90 non-resident). With the death of members, the end of year figure had reduced to 105 (18 resident, 87 non-resident) Weekly church attendance for the Sunday 10.15 am and Wednesday noon Eucharist services during October 2020, averaged 61 76 people are recorded as attending the recorded service for Christmas Day, with a total of 150 attendances in Advent Baptisms - 2 Confirmations - 0 Marriages - 0 Renewal of vows/ Blessings of Marriage - 0 Funerals - 2 in church, 5 at the crematorium

There were no civic, special and public services during the year, although the Lord Lieutenant recorded part of her Remembrance Sunday video in St Paul’s

The Church continues to be used by the Serbian Orthodox community, who held their regular monthly services before and after lockdown .

5. Finance

Alan Dickinson took over as Interim Treasure as well as continuing as PCC Secretary. With the continued support of Cliff Harris, and a bookkeeper, Gift Aid officer and a team of cash counters from within the

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congregation, the combined role has been possible, but is not ideal nor sustainable.

The agreed budget for the year indicated a deficit of £5,600, although it was anticipated that fund raising activities, including those around the River Festival, would enable us at least to balance income and expenditure. The unexpected and almost unprecedented Coronavirus -19 epidemic had a major effect on our finances, as it had for many other organisations of all types.

Donations from the regular congregation continued at the planned level, and there were a number of generous additional sums donated. As a consequence of lock-downs, however, there was considerable reduction in the income from catering concerts, fetes, church hire, cash collections at services and from visitors and particularly the Christmas Tree Festival, and no grant was received for the cost of the Pastoral Assistant from The House of Industry. This represented a loss of over £40,000. There were also additional costs incurred in cleaning materials and in enabling services to be streamed. While the church used the government’s Job Retention Scheme to assist with staff costs, a grant of £7,800 was received from the Bedford Borough Council towards ongoing occupation costs, and savings were made in the cost of utilities, music and office service and outward giving was reduced in line with the reduction in catering income, the PCC decided that regretfully it could not continue to meet in full its Parish Share contribution to the diocese of St Albans, and resolved to reduce the non-ministerial support element by 50%. This gave a cost reduction of £17,000.

The Accounts show the general account income of £168,771 against expenditure of £164, 979, giving a small surplus, after appropriate transfers from designated and restricted funds, which therefore at the year end show reductions in the amounts carried forward.

We are yet again grateful to the Gale Trust, and the Wixamtree Trust for the grants received in 2020. The latter was allocated to the Pastoral Assistant Fund. A contribution of almost £6000 was received from the Friends of St Paul’s towards some of the capital projects mentioned in the fabric report, and a contribution of over £25,000 was promised by the Dorothy Porter Trust towards other capital schemes. We are extremely grateful to the Chairs and Trustees of all those charities for their generous support. Discussions continue to extend the scope of the St Paul’s Educational Charity to include worshippers, in the church, not just residents of the parish, to enable the fund to contribute to development plans for music, in particular the recruitment of young choristers.

Going concern

While a surplus was achieved in 2020, this was due to the factors listed above. With the reopening of the church, even on a limited basis, the benefit of the furlough scheme have been reduced, and there is currently no indication that there will be grants for churches from statutory

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authorities. With the limited reserves available, every effort will need to be made in 2021 to reduce costs and increase income once the lifting of restrictions allows.

Reserves Policy

It is PCC policy to try to maintain a balance on free reserves (nett current assets) which equates to at least three months’ unrestricted payments This is equivalent to approx £42,000. It is intended to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the beginning of the year at £ 6.641 was well below this target, and it had been identified that this situation needed to be addressed. The unplanned impact of Coronovrus has meant that progress towards this aim has been very limited, with the sum now standing at £10,433.

It is our policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund.

For more details, please see the Annual Accounts

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6 Fabric

2020 has been a challenging year for fabric work at St Paul’s because of the Coronavirus pandemic. Nonetheless, many projects have been worked on or completed in spite of the lockdown periods. The committee has consisted of James Stephenson (until end of January 2020 and chair), Ann Collett-White (interim chair from January), Claire Price (secretary), Anne Harris, Elaine Doyle, Graham Ridgway, Steve Stanford, James Saunders and Robin Bartlett (from September). Fr Kevin, Alison Phillipson (church warden) and Florence Bignell (church warden and chair from January 2021) were all ex officio members.

5.1 Faculties and Permissions Organ Blower

The complete rebuilding of St Paul’s organ was completed in 2010. This work involved the removal of the old blower from its dedicated chamber just to the east of the vestry door and the disconnection of the zinc trunking running across the roof of the outbuilding and into the medieval room above the Vicar’s vestry, whereupon it pierced the wall through into the organ chamber at mezzanine level. A new blower was sited in the vestry corridor. Eventually we came to the conclusion that the significant noise produced from the blower could not be reduced through any adjustment or minor remedial work. A faculty application was therefore made to move the blower back to its original site in the blower room outside the main body of the church. The faculty was granted in 2020 and the work carried out in December. The result pleases everyone. The cost (approx £15000) is partly covered by the Friends, the remainder by the PCC or by further funding from the Friends.

Barnard Cross

A faculty was granted for the repair and conservation of the Barnard Cross in the churchyard and this work was due to be carried out in the spring of 2020. However, due to the lockdown and a request for an inscription which needed investigation, it was delayed for a few months and completed in September, more than 5 years after the tree which damaged it fell. This work was carried out by Skillingtons. A

conservation/maintenance report was received from them. The work was paid for by the Dorothy Porter Trust.

High Mass vestments

To complete the set of high mass vestments, a faculty was applied for after funding was agreed with the Friends and donations received. The faculty was granted and the purple vestments delivered in time for Advent, the green set to be delivered in the early part of 2021.

Bronze Nave Candle stands

One of the candle stands used at the nave altar was in a damaged condition for a some years. Rob Sansome (one of the Dorothy Porter Trust trustees) who designed the candle stands over twenty years ago agreed

to repair and restore both stands. It emerged that originally the donor requested that they be inscribed with the donor’s name and those of his parents in their memory. A faculty was denied at the time (1998) and the matter was dropped. The candle stands have been restored at Rob’s own cost and an application for a faculty has been made for the inscription to be done. The Dorothy Porter Trust will pay for the inscription.

Other faculties

An interim faculty was applied for and granted, after the event, for investigation and repair of a major water leak in the narthex.

An interim faculty was applied for to allow WiFi cabling and boosters to be installed in church to allow for live streaming of services and contactless donations via a card reader. The installation of this equipment has been completed and the faculty application will be finalised in 2021.

Due to the pandemic, work connected with the Quinquennial Inspection Report items on pinnacles, stonework and glazing has not progressed though the faculty has been applied for by the church architect.

5.2 Other Projects and Challenges

St Paul’s Tower and Bells Project

(paragraph written by Stephen Stanford, Project Leader) The peal of bells at St. Paul’s Church, Bedford is rated as one of the finest peals of twelve bells in the Country. They form an important part of the fabric of the church and are one of the church’s most valuable assets. Currently, the bells are hung on two levels; the 8 heavier bells in a lower tier wooden frame dating from the 1868 and the front four lighter bells on a steel frame strapped across the base of the spire above, installed in 1895. Apart from rehanging the bells on new bearings in 1930 and again in 1966, no significant work has been done since their installation. In recent years the bells have become increasingly difficult to ring, largely due to deficiencies in the frame foundations and its resultant movement, with the installation nearing the end of its useful life.

Consequently, the bells are no longer so well-regarded or comparable to those at other Churches of similar (major church) status. More importantly, it is increasingly challenging to recruit, train and develop new bell ringers and maintain the ringing heritage at St Paul’s with the bells in their current condition. There is a consequent risk that the bells would require on-going expenditure or fall silent.

A proposal for rehanging the bells in a new frame was first considered in 1978 and again in 2017. In 2019 the Dorothy H Porter Trust expressed interest in supporting major work to the tower and bells and requested two detailed and costed proposals be obtained for their further consideration.

A detailed request for quotation (RFQ) document was prepared defining the scope and requirements relating to (1) the bells and fittings, (2) fully

adjustable external sound control, and (3) the ringing chamber and tower infrastructure including the clock. This was approved by the fabric committee and PCC for issue to the leading bell firms; Taylors of Loughborough and Whites of Appleton, in November 2019. With regard to the bells and fittings it is proposed to hang the bells on one level lower in the tower to minimise movement, with a foundation and frame of modern design to accommodate 14 bells. This will enable the optional and possibly later incorporation of an additional two bells to create light diatonic rings of 8 and 10 in addition to the current heavy ring of 12. Preliminary inspections and consultations with the Church Architect, DAC Bells advisor, and DAC clock advisor have taken place, consistent with the pre-faculty application requirements, and a project set up on the DAC faculty portal including their comments and suggestions. As such all key stakeholders have now been consulted and have responded positively to the proposed scheme.

An independent structural engineer with extensive experience of towers, bells, and bell frames was consulted to conduct a tower survey and provide recommendations. Both bell firms and their sub-contractors have now made necessary inspection visits and submitted their proposed designs for the new bell frame and support structure that the structural engineer has approved.

Clockwise Restorations, the Church clock contractors have provided recommendations and an estimate for essential work to remove, perform maintenance, and reinstate the clock (possibly in an alternative position in the tower) as part of the scheme. They have also provided recommendations and estimates for optional work including modernising the now obsolete auto winding mechanism.

Although very considerable progress has been made during the year, unfortunately it has been seriously impacted by the various lockdown restrictions as a result of which the original deadline of April 2020 for receipt of final proposals was unachievable; a consequence of the architect, structural engineer, and the various contractors all needing to postpone and reschedule activities at various times. Whites of Appleton have submitted a draft proposal for comment pending its final issue, and Taylors of Loughborough have yet to submit their proposal. Both firms have been requested to advise a revised schedule taking into account the latest restrictions. It is hoped that final proposals and estimates will be available within the first few months of 2021 .

North Porch, Notice Board and Peter and Paul Statues

We await plans from the church architect for the renovation of the north porch. The plans have not been forthcoming in 2020. The placement of the St Peter and St Paul medieval statues at St Paul’s has been a bone of contention for a good few years and it is hoped that the DAC would approve them being placed in the North Porch if the renovation were carried out. The pandemic and lockdown has impeded this project.

Sacristy foor

After a couple of wooden blocks in the sacristy floor came loose, it was decided to fully renovate the floor. This work included sanding and lacquering the floor and was carried out after the first lockdown when the church could be re-opened. The Friends paid for this work.

Brackets for Colours by the war memorial

One of the brackets holding 3 of the colours owned by the Royal Anglian Regiment had started to come away from the wall. Work to replace the bolts was carried out while the contractor was in the building in connection with the moving of the organ blower. It is hoped the Anglian Regiment would make donation to cover the cost.

Routine clearing of gutters, downpipes etc

A couple of volunteers cleared debris from gutters and gulleys on those parts of the roof which are easily accessible. However, it will be necessary to employ a building contractor to access other parts of the roof to ensure that all rain goods are kept in good order. A small leak in the nave roof is currently being investigated.

7 Safeguarding

At its May 2020 meeting, St Paul’s PCC confirmed that it continued to adopt and endorse the approach to safeguarding set out in the House of Bishops’ ‘Promoting a Safer Church’ policy statement and confirmed the Response to Domestic Violence Policy.

The PCC affirmed their duty of care to protect children, young people, and vulnerable adults in our church community. The welfare of the child, young person and vulnerable adult is always paramount.

Safeguarding is part of our core faith and an integral feature of the Christian life in our church .

For part of this year the church has been closed. Once services resumed, many aspects of the normal life of the church did not restart. The children’s work and the choir have not returned yet. Nevertheless, the diocese has made it clear that, despite this, all the guidance around Safeguarding remains the same. DBS checks are still needed for those in close contact with the vulnerable, even telephone contact. Safeguarding Training continues online. DBS checks are continuing with ID checks being done electronically.

Many of our church members have been isolated during this pandemic and families cut off from loved ones. The PCC have been providing supportive phone calls. As there is particular concern for the safety of the vulnerable and those at risk of domestic violence , the PCC remain alert to Safeguarding issue when making such calls. Live Streaming began this year after careful planning and risk assessment completed by Robin Bartlett. Safeguarding issues were assessed. Signs have been posted to make it clear that none of the congregation will be filmed. All those taking part in the service have given their written consent to be recorded on the video.

The Independent Inquiry Child Sexual Abuse delivered its investigation report on the Anglican Church October 2020. It made for shameful reading. An extract follows. ‘The culture of the Church of England facilitated it becoming a place where abusers could hide. Deference to the authority of the Church and to individual priests , taboos surrounding discussion of sexuality and an environment where alleged perpetrators were treated more supportively than victims presented barriers to disclosure that many victims could not overcome . ‘ Archbishop Justin Welby and others wrote an open letter. A short extract ‘ We are truly sorry for the shameful way the Church has acted and we state our commitment to listen, to learn and to act in response to the report’s findings. We cannot and will not make excuses and can again offer our sincere and heartfelt apologies to those who have been abused, and to their families, friends and colleagues.----Safeguarding is valuing every person as one who is made in God’s image. It is the prevention of harm, and the promotion of well-being. ‘

If you have any concerns regarding Safeguarding please contact, Sue Gray

Parish Safeguarding Officer 07702219910

[e-mail]

or Wendy Jones Deputy Parish Safeguarding Officer [e-mail]

8 Volunteers

The church has traditionally relied on volunteers from within and without the congregation to support its worship by serving, ringing bells, singing in the choir, arranging flowers and operating the sound system, maintaining our outreach by acting as watchers and welcomers so that the church can be open daily, and by staffing its catering, by organising its concerts and fundraising activities and generally making possible the activities outlined in more detail in the appendix. Without their willing and generous contribution, the church could not continue to function in the way it traditionally has.

Many of those opportunities were not available following the initial lockdown, and the subsequent simplified, Covid secure functioning of the church. We look forward to welcoming our volunteers back as soon as the activities in which they are involved can safely resume, although it is accepted that some may feel unable to continue.

9 Administrative and Governance Information

St Paul’s Church is located in St. Paul’s Square, Bedford, MK40 1SQ, which is also the correspondence address. St Paul’s Church is part of the Bedford and Elstow Deanery in the Diocese of Saint Albans within the Church of

England. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The Parochial Church Council was registered with the Charity Commission in March 2010 and its registration number is 1134614.

The method of appointment of PCC members is set out in the Church Representation Rules. Our membership of the PCC consists of the incumbent (the Vicar), Assistant Curate, Churchwardens, readers and members elected by those members of the congregation who are on the electoral roll of the church, to both the PCC and to the Deanery Synod. Currently, the parish is permitted to have 3 representatives on Deanery Synod and 12 elected PCC members. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met six times during the year, once in person, five times virtually, with an average attendance of 80%. Given its wide responsibilities, the PCC has a number of committees, each dealing with a particular aspect of parish life. These committees, which include the standing and finance, stewardship and fabric committees, are all responsible to the PCC and report back to it regularly. Separate informal groups make recommendations to the PCC on outward giving and develop ideas for fundraising. The reports from committees and groups are set out in the appendix.

On the basis of the activities described below and in the appendix, PCC members, as charitable trustees, are satisfied that they have met the requirements of the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. The PCC is also satisfied that in its arrangements for safeguarding children and vulnerable adults it has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). Parochial Church Council members who served from 1[st] January 2020 until the date this report was approved are listed below. The Annual Parochial Church meeting for 2020 was due to be held in March, but had to be postponed, eventually being held under the Bishop’s Parish Meetings (Electronic Participation and Publicity) and Admission of Churchwardens Instrument 2020 on Sunday 11 October 2020. Apart from reimbursement of expenditure on activities undertaken for the benefit of the parish, in 2019 no trustee received any payment from PCC funds.

Unless otherwise stated, members served for the whole year- attendance at full PCC meetings in brackets.

Father Kevin Goss (Chairman) Vicar (ex officio)(6/6) Father Luke Larner Assistant Curate (from July 2020)(3/3) Clifford Harris Reader (ex officio) (5/6) Alison Phillipson Warden In Waiting from March 2020 to APCM, Warden from APCM 2020 (ex officio) (3/4) James Stephenson From APCM 2016, Warden from APCM 2019 (ex officio) Resigned January 2020 (1/1) Florence Bignell from APCM 2017 Warden from APCM 2019 (ex officio) (6/6) James Beauchamp Reader (ex officio) Deanery Synod Representative from April 207, re elected October 2020 (6/6) Ben Haddock Deanery Synod Representative (re-elected April 2017) to APCM 2020 (ex officio) (2/5) Wendy Jones Deanery Synod Representative (elected April 2017, re-elected October 2020)/ PCC Member elected 2018 (5/6) Tom Otley Deanery Synod Representative (from October 2020)(ex officio) (1/1)) Harry Bagnall from APCM 2020 (1/1) Ann Collett-White from APCM 2019(6/6) Alan Dickinson from APCM 2018 (6/6) Veronica Gerig from APCM 2019 Resigned October 2020 (1/5) Sue Gray from APCM 2017, Re-elected APCM 2020 (6/6) Anne Harris from APCM 2015, re-elected APCM 2018 (5/6) Andrew Lumb from APCM 2019 (2/6) Claire Price from APCM 20917, re-elected APCM 2020 (6/6) Eleanor Sharrock from APCM 2019 (5/6)

Malcolm Smith	from APCM 2020
(1/1)
Kath Unwin	from APCM 2017 Re-elected APCM
2020(5/6)
Patricia Whittome	from APCM
2020(1/1)
Rita Brereton	(coopted from July 2019 - October 2020
(3/3)
The PCC Secretary, appointed May 2015, is Alan Dickinson, who was
elected a PCC member at the 2018 APCM.

SUBJECT TO INDEPENDENT EXAMINATION

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford

(Working Name: St Paul’s Bedford)

Financial Statements

Year to 31[st] December 2020

Registered Charity Number 1134614

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Contents of Financial Statements Year ended 31[st] December 2020

	Page
Independent Examiner’s Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to Financial Statements	5-12

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INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, BEDFORD

Independent Examiner’s Report to the Trustees of The Parochial Church Council of The Ecclesiastical Parish of St Paul, Bedford

I report to the Charity Trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (the Trust) for the year ended 31[st] December 2020.

Responsibilities and Basis of Report

As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

• 2 the accounts do not accord with those records; or

• 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

W R Kingston FCA Chartered Accountant Keens Shay Keens Limited Victoria House 42/44 Shortmead Street Biggleswade SG18 0AP

Date: ………………………………………………………………….

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Statement of Financial Activities Year ended 31[st] December 2020

Unrestrict ed Funds General Fund Note£ Income and Endowments from: Voluntary Income 2 153,686.40 Activities for generating Funds 3 8,180.52 Church Activities 4 6,825.48 Investment Income 5 78.68 Total 168,771.08 Expenditure on: Church Activities 6 164,979.69 164,979.69 Net Gain/(Loss) on Investments - Net Income/(Expenditure) 3,791.39 Transfers between Funds - Net movement in Funds 3,791.39 Reconciliation of Funds Funds brought forward 6,641.79 Funds carried forward 10,433.18 at 31st December 2020	Unrestrict ed Funds Designate d Fund Tangible Fixed Assets £ - - - - - 28,250.00 28,250.00 - (28,250.00) - (28,250.00) 423,750.00 395,500.00	Restricte d Funds £ 9,097.37 - 577.85 - 9,675.22 24,570.17 24,570.17 - (14,894.95 ) - (14,894.95 ) 51,153.22 36,258.27	Endowmen t Funds £ - - - 55.09 55.09 - - 126.78 181.87 - 181.87 2,767.57 2,949.44	Total Funds 2020 £ 162,783.7 7 8.180.52 7,403.33 133.77 178,501.3 9 217,799.8 6 217,799.8 6 126.78 (39,171.6 9 ) - (39,171.6 9 ) 484,312.5 8 445,140.8 9	Total Funds 2019 £ 164,38 9 27,197 17,061 189 208,83 6 239.53 6 239,53 6 290 (30,41 0 ) - (30.41 0 ) 514,72 3 484,31 3

3 The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Balance Sheet 31[st] December 2020

Note s Fixed Assets Tangible 13 Investments 14 Current Assets Debtors 15 Cash at Bank and in Hand 16 Current Liabilities Creditors and Accrued Charges 17 Net Current Assets Net Assets Reserves Endowment Funds 19 Restricted Funds 20 Unrestricted Funds General Fund Tangible Fixed Assets Fund 21	2020 £ 27,972.0 4 32,369.8 5 60,341.8 9 12,663.8 8 12,663.8 8 10,433.1 8	£ 395,500. 00 1,962.88 397,462. 88 47,678.0 1 445,140. 89 2,949.44 36,258.2 7 405,933.	2019 £ 12,52 6 53,94 7 66,47 3 7,746 7,746 6,642 423,7	£ 423,75 0 1,836
				425,58 6 58,727
				484,31 3
				2,768 51,153 430,39

395,500. 00	18 445,140. 89	50	2
			484,31 3

Approved by the Parochial Church Council on and signed on their behalf by

Treasurer

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The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

1 Accounting Policies

Basis of Preparation

The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The Financial Statements have been prepared under the historical cost convention except for the valuation of investment assets and movable church furnishings, which are shown at fair value.

The Financial Statements include all transactions, assets and liabilities for which the Parochial Church Council is responsible in law.

Funds:

Endowment Funds are funds, the capital of which must be maintained, only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending on the purpose for which the endowment was established.

Restricted Funds represent:

• a income from trusts or endowments which may be expended only on those restricted objects provided for in the terms of the trust or bequest, and

• b donations or grants received for a specific object or invited by the Parochial Parish Council for a specific object.

The funds may only be expended on the specific object for which they were given. Any balance remaining at the end of the year must be carried forward as a balance on that fund. The Parochial Church Council does not usually invest separately for each fund. Where there is no specific investment, interest is apportioned to individual funds or as directed by the Parochial Church Council.

Unrestricted Funds represent:

The remaining income funds of the Parochial Church Council that are available for spending on the general purposes of the Parochial Church Council, including amounts designated by the Parochial Church Council for fixed assets for its own use or for spending on a future project and which are therefore not included in its “free reserves” as disclosed in the Trustees’ Report.

Incoming Resources:

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource is received, or expenditure incurred, to which they relate. Grants and legacies are accounted for when the Parochial Church Council is legally entitled to the amounts due. Dividends are accounted for when receivable, interest and tax recoverable is accrued. All other income is recognised when it is received. Amounts received specifically for outside mission are dealt with as restricted funds.

Resources Expended:

Grants and donations are accounted for when they are paid over, or when awarded, if the award creates a binding and constructive obligation on the Parochial Church Council. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred.

Fixed Assets:

Consecrated and benefice property of any kind is excluded from the accounts by the Charities Act 2011.

Movable church furnishings, held by the vicar and churchwardens on special trust for the parish have been capitalised at fair value as at 1[st] January 2015, being the date of adoption of SORP(FRS102), and depreciated over their useful economic life. Depreciation is calculated to write off the capitalised value at the rate of 5% per annum.

Investments:

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end.

5

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

Not e 2 Donations and Legacies Congregation Giving Standing Orders Weekly Envelopes Other Gift Aided Donations Total Gift Aided Giving Other Cash Collections Donations via CAF Donations Organ Recitals Other Donations Donations for Outward Giving Gift Aid receivable Donations via Pyramid Community Giving Friends of St Paul’s Dorothy Porter Trust	Unrestrict ed Funds General Fund £ 46,779.00 13,116.02 22,007.65 81,902.67 6,161.00 1,815.01 474.36 90,353.04 331.10 54.03 12,609.99 1,637.50 2,498.80 26,430.31	Unrestrict ed Funds Designate d Fund Tangible Fixed Assets £ - - - - - - - - - - - - - -	Restricte d Funds £ - - - - - - - - - 832.23 - - 3,265.04 -	Endowmen t Funds £ - - - - - - - - - - - - - -	Total Funds 2020 £ 46,779.00 13,116.02 22,007.65 81,902.67 6,418.54 1,815.01 474.36 90,353.04 331.10 886.41 12,609.99 1,637.50 5,763.84 26,430.31	Total Funds 2019 £ 44,486 20,612 8,216
						73,314 6,419 - 840
						80,573 1,928 783 19,644 6,605 18,067 -

6

Pastoral Assistant Fund Other Trusts and Grants Govt Job Retention Scheme Other Govt Covid Funding VAT Recoveries 3 Charitable Activities May Market Autumn Market Hiring Charges Christmas Tree Festival Christmas Charities Market Antique Fairs Other Fundraising Events	- 4,288.50 7,528.08 7,800.00 155.00 153,686.40 - - 3,249.66 2,399.55 - 1,751.00 780.31 8,180.52	- - - - - - - - - - - - - -	5,000.00 - - - - 9,097.37 - - - - - - - -	- - - - - - - - - - - - - -	5,000.00 4,288.50 7,528.08 7,800.00 155.00 162,783.7 7 - - 3,249.66 2,399.55 - 1,751.00 780.31 8,180.52	30,045 5,627 - - 1,117
						164,38 9
						1,036 664 11,700 8,338 888 4,571 -
						27,197

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

			Unrestrict
			ed
		Unrestrict	Funds
		ed	Designate				Total	Total
		Funds	d		Restricte	Endowmen	Funds	Funds
		General	Fund		d	t	2020	2019
		Fund	Tangible		Funds	Funds
			Fixed
			Assets
		Note £	£		£	£	£	£
4	Church Activities
	Lunchtime Concerts	2,543.70		-	-	-	2,543.70	4,789
	Sales Income:
	Votive Candles	436.95		-	-	-	436.95	1,205
	“Spire” Magazine	885.81		-	-	-	885.81	524
	Guide Books	36.15		-	-	-	36.15	215
	Cards etc	212.45		-	-	-	212.45	358
	Catering Income:
	Saturday Teas	626.20		-	-	-	626.20	2,560
	Sunday Cofee	134.96		-	-	-	134.96	671
	Tuesday Lunches	589.30		-	-	-	589.30	2,215
	General Parish Catering	93.40		-	-	-	93.40	157
	Saturday Cofee	-		-	577.85	-	577.85	2,677
	(Outreach)

Miscellaneous Income Insurance Claims 5 Investment Income 6 Church Activities Costs Salaries and Fees 7 Ofce Costs 8 Other Costs 9 Independent Examiner’s Fee Special Projects 10 Outreach 11 7 Salaries and Fees Wages, salaries and fees Pension Contributions	- 1,266.56 6,825.48 76.68 26,686.65 34,260.09 66,063.71 1,500.00 36,469.24 - 164,979.69 25,725.66 960.99 26,686.65	- - - - - 28,250.00 - - - - 28,250.00 - - -	- - 577.85 - 17,174.93 584.48 - - 5,770.00 1,040.76 24,570.17 17,174.93 - 17,174.93	- - - 55.09 - - - - - - - - - -	- 1,266.56 7,403.33 133.77 43.861.58 63,094.57 66,063.71 1,500.00 42,239.24 1,040.76 217,799.8 6 42,900.59 960.99 43,861.58	1,690 -
						17,061
						189
						47,518 96,711 88,636 1,440 - 5,231
						239,53 6
						45,423 2,095
						47,518

	2020	2019
The average number of Staf employed by the Parochial Church Council
during the fnancial year was:	No	N
		o
Total	4	4
	£	£
Remuneration of Ofcials	-	-

7

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

			Unrestrict
			ed
		Unrestrict	Funds
		ed	Designate				Total	Total
		Funds	d		Restricte	Endowmen	Funds	Funds
		General	Fund		d	t	2020	2019
		Fund	Tangible		Funds	Funds
			Fixed
			Assets
		£	£		£	£	£	£
8	Ofce Costs
	Gas, Electricity and Water	8,606.42		-	-	-	8,606.42	13,096
	Insurance	5,827.99		-	-	-	5,827.99	7,481
	Janitorial Materials	1,572.90		-	-	-	1,572.90	858
	Ofce Expenditure	3,766.27		-	-	-	3,766.27	7,622
	Bank Service Charges	541.70		-	115.71	-	657.41	766
	General Repairs	965.88		-	-	-	965.88	25,512
	Computer Costs	2,226.76		-	-	-	2,226.76	1,935
	Alarm System Costs	2,167.91		-	468.77	-	2,636.68	-

Depreciation of Tangible Assets Advertising and Promotional Costs Telephone Clergy Expenses Accountancy Fees Professional Fees Fundraising Costs Broadband and Hosting 9 Other Expenditure Education Costs Miscellaneous Costs Music Costs Organ and Piano Tuning Diocesan Parish Share Diocesan Fees for Services Sacristy Costs Catering Costs Antique Fair Costs Licensing Costs Donations Cost of Items Sold Flower Fund Payments 10 Special Projects New lighting Alexander Room Roof walkway Enhancements to Sound System Water leak detection and repair Repairs to Barnard Cross Choir lighting project Report on structure of tower Report on pinnacles & South side Repairs to railings Sacristy foor sealing Acrylic screen for Covid protection Moving organ blower Equipment for streaming services	- 257.81 895.16 3,205.14 2,723.80 - 425.73 1,076.62 34,260.09 434.52 515.49 459.52 940.97 59,093.00 1,117.00 1,606.56 537.33 449.20 655.12 255.20 - - 66,063.71 2,256.00 638.37 796.80 2,249.16 13,512.00 5,515.91 1,505.04 6,769.20 835.03 864.00 117.73 - 1,410.00 36,469.24	28,250.00 - - - - - - - 28,250.00 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8	- - - - - - - - 584.48 - - - - - - - - - - - - - - - - - - - - - - - - - 5,770.00 - 5,770.00	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	28,250.00 257.81 895.16 3,205.14 2,723.80 - 425.73 1,076.62 63,094.57 434.52 515.49 459.52 940.97 59,093.00 1,117.00 1,606.56 537.33 449.20 655.12 255.00 - - 66,063.71 2,256.00 638.37 796.80 2,249.16 13,512.00 5,515.91 1,505.04 6,769.20 835.03 864.00 117.73 5,770.00 1,410.00 42,239.24	28,250 281 549 3,801 3,824 1,978 - 758
						96,711
						1,292 1,661 3,920 1,530 73,251 199 1,443 1,518 1,948 - 1,009 594 271
						88,636
						- - - - - - - - - - - - -
						-

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

	Unrestrict
	ed
Unrestrict	Funds
ed	Designate			Total	Total
Funds	d	Restricte	Endowmen	Funds	Funds
General	Fund	d	t	2020	2019
Fund	Tangible	Funds	Funds
	Fixed
	Assets
£	£	£	£	£	£

11 Outreach Donations

1Collections taken at Tuesday Concerts - 2Retiring Collections for specifc purposes: Lent Services – Bunyan Meeting - The Bishop’s Harvest Appeal - - 3Funds raised by the Outreach Committee Memo – Pastoral Work within the Parish - Christian Aid DEC Appeal - College of the Transfguration - Swaziland Schools Project - - Total distributed during the Year -	- - - - - - - - - -	- 69.94 255.70 325.64 - 200.00 215.12 300.00 715.12 1,040.76	- - - - - - - - - -	- 69.94 255.70 325.64 - 200.00 215.12 300.00 715.12 1,040.76	-
					1,631
					-
					3,600
					5,231

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to Financial Statements Year ended 31[st] December 2020

12 Comparatives for the Statement of Financial Activities

Unrestrict Unrestricte ed d Funds Total Funds Designate Restricte Endowmen Funds

9

Income and Endowments from: Voluntary Income Activities for Generating Funds Church Activities Investment Income Total Expenditure on: Church Activities Net Gain/(Loss) on Investments Net Income/(Expenditure) Transfer between Funds Net movement in Funds Reconciliation of Funds Funds brought forward Funds carried forward	General Fund £ 109,967.11 26,239.95 13,920.96 189.18 150,317.20 157,978.08 157,978.08 - (7,660.88) - (7,660.88) 14,302.67 6,641.79	d Fund Legacy Fund £ - - - - - 28,250.00 28,250.00 - (28,250.00) - (28,250.00) 452,000.00 423,750.00	d Funds £ 54,421.89 957.13 3,140.34 - 58,519.36 53,308.08 53,308.08 - 5,211.28 - 5,211.28 45,941.94 51,153.22	t Funds £ - - - - - - - 289.58 289.58 - 289.58 2,477.99 2,767.57	2019 £ 164,389.0 0 27,197.08 17,061.30 189.18 208,836.5 6 239,536.5 6 239,536.5 6 289.58 (30,410.02) - (30,410.02) 514,722.6 0 484,312.5 8

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

10

Notes to the Financial Statements

Year ended 31[st] December 2020

13 Tangible Fixed Assets

Cost or Valuation At 1stJanuary 2020 and 31stDecember 2020 Depreciation At 1stJanuary 2020 Charge for the Year At 31stDecember 2020 Net Book Value At 31stDecember 2020 At 31stDecember 2019	Movable Church Furnishin gs £ 565,000.0 0 141,250.0 0 28,250.00 169,500.0 0 395,500.0 0 423,750.0 0	Total £ 565,000.0 0
		141,250.0 0 28,250.00
		169,500.0 0
		395,500.0 0
		423,750.0 0

The movable church furnishings are shown at cost (£565,000) which is the deemed cost under SORP(FRS102) transitional provisions, under which the valuation as at 1[st] January 2015 is applied to assets extant at that date.

14 Investments Endowment Fund Investment at Fair Value Investments consist of funds invested in the CBF Church of England Investment Fund. The holding at 31stDecember 2020 was 96 shares which cost £100. 15 Debtors Debtors Gift Aid recoverable 16 Deposits, Bank and Cash Balances CBF Deposit Fund Bank Accounts Current Account Outreach Committee Account Cash in Hand 17 Creditors: (falling due within one year) General Creditors and Accruals	Total Funds 2020 £ 1,962.88 27,751.73 220.31 27,972.04 18,606.37 12,602.17 1,161.31 - 32,369.85 12,663.88	Total Funds 2019 £ 1,836
		9,671 2,855
		12,526
		18,528 34,264 1,106 49
		53,947
		7,746

11

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Registered Charity Number 1134614)

Notes to the Financial Statements Year ended 31[st] December 2020

----- Start of picture text -----
Movement in Resources
Balance Change Balance
----- End of picture text -----

1st January Incoming Outgoing Transfer s £ £ £ £ 18 Endowment Funds Chancel Fund Original Endowment 1,299.00 - - - Accumulated Income 1,468.57 181.87 - - 2,767.57 181.87 - - 19 Restricted Funds Alarm Fund 468.77 - 468.77 - Bell Ringers Fund 1,582.00 50.00 - - Building Repairs Fund 3,070.74 - - - Choir Robes Fund 186.95 - - - Choral Scholarship Fund 10,432.56 - - - Clergy Robes Fund - 3,265.04 - - Clock Fund 2,895.81 - - - Education Fund 86.29 - - - Fabric Projects Fund 5,429.35 - 4,770.00 - Fellowship Lunches Fund 959.92 - - - Flower Fund 229.20 - - - Music Fund 4,370.02 - 1,000.00 - New Chairs 147.60 - - - Organ Scholar Fund 2,526.97 - - - Pastoral Assistant/Verger Fund 12,174.93 5,000.00 17,174.93 - Peter and Paul Statues Fund 875.00 - - - Servers Robes Fund 2,089.51 - - - Staging Fund 2,670.00 - - - Outreach Fund - restricted element 957.60 1,360.18 1,156.47 - 51,153.22 9,675.22 24,570.17 - 20 Unrestricted Funds General Fund 6,641.79 168,771.0 8 164,979.6 9 - Designated Fund – Tangible Fixed Assets 423,750.0 0 - 28,250.00 - 430,391.7 9 168,771.0 8 193,229.6 9 - 21 Summary of Assets by Fund Unrestricte d Funds General Fund Unrestrict ed Funds Designate d Fund Tangible Fixed Assets Restricte d Funds	during Year £ - 181.87 181.87 (468.77) 50.00 - - - 3,265.04 - 86.29 (4,770.00) - - (1,000.00) - - (12,174.93) - - - 203.71 (14,894.95) 3,791.39 (28,250.00) (35,910.88) Endowmen t Funds	31st December £ 1,299.00 1,650.44
		2,949.44
		- 1,632.00 3,070.74 186.95 10,432.56 3,265.04 2,895.81 86.29 659.35 959.92 229.20 3,370.02 147.60 2,526.97 - 875.00 2,089,51 2,670.00 1,161.31
		36,258.27
		10,433.18 395,500.00
		405,933.18
		Total Funds 2020

Tangible Fixed Assets Investment Fixed Assets Current Assets Liabilities	£ - - 23,097.06 (12,663.88) 10,433.18	£ 395,500.00 - - - 395,500.00	£ - - 36,258.27 - 36,258.27	£ - 1,962.88 986.56 - 2,949.44	£ 395,500.00 1,962.88 60,341.89 (12,663.88) 445,140.89

12

The Parochial Church Council of the Ecclesiastical Parish of St Paul, Bedford (Working Name: St Paul's Bedford) Financial Statements Year to 31•t December 2020 Registered Charity Number 1134614

The Parochial Church Councll of the Ec¢le8lastlcal Parish of St Paul, Bedford (R8gistergd Charlty Number 1134614) Contsn¢8 of FlnarKlal Statements Year ended 31* Decembbr 2020 Pa9• Indopend?nt Examln•r'• R•port 8tat•m•nt ol Fln•ncl•l Actlvltl Balanc• 8heet Notss to Fln•n¢lal Stat•mgnt• 6.12

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL. BEDFORD Independent Exarniner's Report to the Trustees of The Parochial chU￿h Counc51 of The Ecclesiastical Parlsh of St Paul, Bedford I report lo the Charity Trustees on my examinalioTr of the accounts of The Parochial Church Council of the Ec¢lesi*sti¢al Parish of St Paul. 8edford Ilhe Trust) for the year ended 31￿ December 2020. Respon$lbllltles and Basis of Report As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.lhe Acl'l. I report in respect of my examination of the Trust's accounts carried out under se¢tion 145 01 the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Staterngnt have compleled my examination. l eonfirm Ihal no material matters have come lo my attention In connection with the examination giving me cause to believe that in any material respect-. accounting records were not kept in respect of the TrLisI as required by section 130 of the Act.. or the accounts do not accord with those records", or the accounts do not comply with the applicable iequiremenls concerning the form and ¢onlent ofac¢ounis set out in the Charities IAccounls and Reportsl Regulations 2008 other than any requirement thai the accounts give a true and fairview which is not a matter considered as part ofan Independent examination. I have no concerns and have come across no other matters in connection wilh Ihe examination to which attention should be drawn in this rgport in order to enable a proper underslanding of the accounts to be ￿aChed. W R Kingston FCA Chartered Accountant Keens Shay Keens Limited v￿oria House 4144 Shortmead Street B￿gleSwade SG18 OAP 2oLI

The Parochlal Church Councll of tho Eccl•slastlcal Parlsh of St Paul. Bedford {Rogl8terod Charlty NuM￿r 1134614) Statèmènt of Flnanelal Act1¥￿185 Year ended 31* Ds¢ember 2020 Unwtrlct•d Funds Urng8trlet•d DMlynat•d Funds Fund Total G•neral Tanglb R•Jlrlct•d Endowm•nt Fund• Fund Flx•d A8•8ts Funds Funds 2020 Total Funds X119 Incom• arKI End0￿￿nI$ frtyn: Voluntary Incom• fcf g￿erating Funts 153,686.40 9,Ce7.37 182.783.77 164,389 8,180 52 8.180.52 27, 197 Churth Activit'es 6,825.48 577.85 7.403.33 17,061 Invesbnenl In¢￿Tre 78.68 55.09 133.77 Tot•1 168.771 08 9.675 22 55.09 178,501.39 208,836 Expondliur• on: Church Acb'vSti08 164,979 89 28,2XJ Q) 24.570.17 217,799 86 239 530 164.979 89 28,2¥).LKJ 24,570.17 217,799.e6 239,536 N•t Galn4LoM} ¢)n Invo•tm•nts 128.78 128.78 290 Not Incoffl•llExp•ndltur•l 3.79139 (28,21￿￿} {14,894.95 181.87 139,171.891 (30,410) Trnn•f•rn b•trAY•n Fund• Net movement In Fund8 3.79139 I28,2￿.0)I 114.894.951 181.87 139.171.691 (30.410) Roconclllatlon of Fund• Funds brought f¢Jrward 6,641 79 423,750.00 $1.153.22 2.767.57 484,312.S8 S14,723 Funds carrl•d forward at 311t Oec•mber 2020 10.413 18 395,￿￿.￿) 36,258.27 2,949.44 445,140.89 484,313

Tho Parochlal Church Councll of the Ec¢le8la8ll¢al Parlsh of St Paul. 8odford IRegl8t•rnd Charlty Number 1134614) Balan￿ Sheèt 314t Oec•mber 2020 2020 2019 Flx•d A88•1• T8ngible 13 39S,W.OJ 423.750 Investments 14 I,￿2.88 1.836 Curront A8••t• 397.462.88 42&586 Debtorg 15 27.9T2.04 12,526 Cash al Bank arvj in Hand 16 32,W.85 53,941 60.341 89 66,473 cUrr￿t Ll•bllltl•• Creditors ond Attnjed Charges 17 12.883.88 T, 746 12.863.88 7, 746 N•t Curr•nt A•wts 47,678.01 58, 727 Not A•••ts 445.140.89 484,313 R•8•rv• End￿mont Fun 19 2.949.44 2, 768 Reslrfcted Fur¥J8 38.2&8.27 51,1 Unre61rkted F￿)d* General FLmd Tangible Fixed A880ts F￿)d 21 10,413.18 395 ¥)0 CQ 405.933 18 6.642 423 750 430.392 445,140 89 484,313 Appro¥•d by th• P•rochlal Church Coun¢ll on and 8Sgned on th￿r behalf by Treasurer

The Paro¢hl•l Church Councll of tho Ecclo8la8tleAI Par18h of St Paul. Bodfo IRègl8ternd Charlty Numbgr 11346141 Not•• to Flnanclal Ststsments Year ended 311t Doc•M￿r 2020 A¢countlry Polklets Ba818 of Preparntk>n The Flnancial stst￿ents have teen prepargj in acC￿rte wth Church Aca)unting Regulations 20C6 tegether with the applicable acuJuntiThJ staThJarts 8nd th& Ststwl￿Trt ol ReeofftneThl&J Prarce, kn￿nting and Reporting by Charits"&$ ISORPIFRS10211. Th8 Finawal Statements have pyred underthe histc￿"¢ costc1￿1￿ ex¢gpt forth& valuatKJn ofinvgstmenl assets and rnova￿a church lumishing5, vknKh are slThm * fail value. The Financial Statements indude all ￿￿￿"On$, a85ets and kth"lib"es for Ihe Parith'al Church Coundl Is pon8ible in law. FundB: Endowm&nl Funds aro funtjs, the Capit￿ cl musl bg LYAY tnc(4no 8ri8ing frcffi invoslmonl ol the endowmènt may be used thr as restrk#ed or Unrestri￿ad leper￿ing on tho purpose for ond¢)wmonl was e8lablish8d. R&stricl8d Fur￿$ represgnl.. incorne from twst8 e( end0￿ents thch may bo eXp￿d8d th on th080 reitrKtsd oL¥ecas provK1od lor In th8 terms ol Ihe IN81 or beq￿$t. and donation8 or granis rKeive<l for a sptrfift obj'ect or invrted by thè Parcthial Parish Coundl for a speufic cbjecl. Tho fvnds may only be exFeThJed on the SFrfik obJeo# lor thich they were gven. Any bdance remaining at the en¢ of th& year musl be t7rri&J fowrd as a brts on ihat fijnd. The Parochial Church Counol does not usually In￿$1 88par8tely for each fijnd. there 18 no specafic investrnenL interest is appryb'(Thd to itK1ividual fund5 or a$ dirocted by the Pèroch81 Church Ctyj￿1. Untv$lr¢t6d Funds r•present Thè remaining Income funds olthe Parc¢Nal Council Ihat are avaAatrJ• lor 8PKling on the genwal purptsses of the Parochlal Chuf¢h Cwncil. ind¢JJing arnounts d8sKJnat•J by the Paro¢ho1 Church Council for fixed ass6ts for its 01 use or lor sp8nding on a fvture prqect and vthich are thw•lore not indu(1od in it8.free reserye8' 88 di8do8eil in th? Tru5te98' Report. Ineomlng Rnourc••: Planned givlng. ￿lO¢bon6 and donation81re recogTh8edtwi recaved. Tw rdundsaref•cognisedvthen tho inconlng rèsour&8 is recelved, cf expendibjre incJJrr•d, to v￿Ch Ihty relaie. Grant8 and legac4.es are accounlgd lor the Parochial Church Council is leg81ty enlilJ&J to Ihe amounts due. Dmdends are aC￿nted for vthen receivable, intero$t and tax recoverabJ& is accrued. All other irwY is 1¢ is ree4NthJ. AJThJJnt8 reco￿81 speofic8lly for outslde mi$'on are as restrioled fvnds. Rwour¢•• Expend•d: Grants and donations xcounted lorwhen th￿ are paid ovw. C¥¥h￿ aw8rd8d, rf Ihe wafd ￿ndlrrfJ constru￿1Ve obligat'on on th8 Parochial Church Courril. Th& th'trxan parKsh shaff¥ is lor when due. All other ex￿t¥ll1urt ¢8 generdly rKognised w￿n it 1$ in0jrr￿. Flxed As•¢t•: Ctsn8ecTaled and l)enefice prcferty of any kind 15 exdLKlgJ from the acwnts by the Charities Act 2011. Movable church fvrnishings, Fld ty ihe and thurchwardens speaal trust for the parish have been c8r4'181ised t lair value as at 1￿ January 2015, bwng the dale of adow'on of SORPIFRS1021, and depfecialed over their usefijl g¢onornic life. L)eWeCi8tw￿ is c8kuL8ted to ￿lte off Ihe cath11￿ vakn at Fat& of 5% ¥MUm. Inv•8tm•nts: Inv$slments qU￿8d cffl a reccgnlsed stock excharvJe cf Val￿ dorives Irom Ihem are valu&J at market valu8 at Ihe year end.

Th• P•rDchl•l Church Councll of th• Eccl••i•Btlcal Parlsh of St Plul. Bodford IR•giBt•rnd Charlty NUrn￿r 11346141 Not•• to Fbn•nd•l Slatsm•nl¥ YMr •ndod 31 DKwb•r 2020 UnreBtslct•d Fund Unrestrl¢t•d Oe8bgnat•d Funds Fund Total Gènernl Tanglble Restrlcted Endowm•nt Fund• Fw FLx•d As•8ts Fund• Funds 2020 Mots £ Total Funds 2019 Donatlon• and L•gaclo• Congregation Giin9 Stsnding Orders Weekly Envelcpes Olher Grfl Oon 46,779. 13.116.02 22.L￿.65 46,779.1)) 44,486 13,116.02 20,612 22.W7.65 42Y6 81,902.87 73,314 6,181.00 6,419 1,815.01 474.36 Total Gift Aded GNing other Cash Collectt'onB Don8bcY)$ wa ChF DonaticfiB Organ Redtsls 81,gY2.67 6.161.OJ 1,815.01 474.38 gJ,3&3.04 331.10 90,353.04 80,573 331.10 1.928 886.41 783 12,6CQ.99 19,644 I,e37.50 6,605 Ot￿r DOna￿C￿5 Donations for Outrffjrd Gmng Glft ￿'d reC￿Vabl8 Donatio￿ wa Pyf8mbJ Cornmunity Givirrfj Friands of St Poul'8 D¢rotty Porter Trust Paslord A$￿Stant Fun Other Trusts and Grants Govi Job Retenti￿ Scheme Other Govt CovbJ FuThJiThJ VAT Re¢overSe8 832.23 12.6￿.99 1.837.$0 2.498.80 26.43).31 3,285.04 5,763.84 18,007 26,430.31 S,000.cKJ 30,045 4,288 50 5,627 7.528.08 7,800.00 155.(X) 1,117 162,783.77 164,389 S.¢XQ 4.288 $0 7,S28.08 7,WJ.C(J 155.IX) 153,e96.40 9.CVè7.37 Charftsblo Actlvltl•• May Market Autumn Markfjt Hlriro Charges Chri8trna6 Tr¢e Festival Christrnas Chwltie$ Mathet Antiquè F*rs Otror F(ThJrar6ing Events 1,036 664 3,249,88 11. 7 2.399.55 8,338 3.249.e6 2.399.55 1,751.L)) 7eo.31 8.180 $2 1,751.00 780.31 8,180.52 27, t97 4,571

The Parochlal Church Council of the Ecclo8lasllcal Parl8h of St Paul, Bgdford IRegl$tsred Charlty Nurn￿r 11346141 Notgts to Flnanclal Ststsmlnts Y•r ended 314t D8¢wnb0r 2020 Unr•sirfctod F￿d$ Unr•strl¢t•d tYeslgn•led FundB F￿d Tot41 Genqral Tanglblg ReBtrlct•d Endowmont FundB F￿)d Flx•d A￿tr Fundb Fund• 2020 Total Funds ZQ19 Chyr¢h A¢tlvltl6• Lunthts'me Concorts Sales Ino)me.' Votive Candl8S 'Spire' Ma98zinè Guide Books Cards etc Catering lrtomè.. Saturday Teas Sunday Coffee Tugs<lay Lunches Gener81 Parish Caterlrg Saturday Coffee (Outreach) Misctllangous Ine4Jrne InBuranco Clolm3 2,543.70 2,543.70 4, 789 436.95 885 81 36.15 212.45 436.95 885 81 36.15 212.45 1,20S 524 215 358 626.20 134 628.20 134. $89.30 93.40 577.85 2,560 671 2,215 1ST 2,677 1,690 9340 577.85 1.2e6.56 1,266. 7.403.33 17,061 8.825.48 577.85 ImiMtm•nt Incom• 76.68 133.77 189 Church Acllvlllm Co•t• Salar￿8 and F89$ oiric Costs Other Costs Independent Ex8mlnerfi Fee SFeQ'81 Projects ¢)Jtrtrach 26.￿.65 34,2￿.C• 86,C63.71 1.5CQ. 3&,￿ 24 17,174.93 43.861.S8 47,518 83.094.57 78,697 e6.063 71 88,636 1,500. 1,440 42.239.24 18,014 1.040.78 5,231 28,29).C 10 11 5.770.C(I 1.040 78 28.29).(M) 24,570.17 164,979.69 217,799,86 239,536 Salarlo• and F••8 Wages. salaries and fo8$ Pension ConlritArtion8 25,725.86 17.174.93 42,90).59 45,423 960.3 2 095 43,881.S8 47.518 28,￿.65 17,174.93 2020 2019 Thg gverage numt¢r of Staff omployed ty tha Pgrothld ChLW(* the financial year was.. Tot R￿uneral￿)n ofoffidals

The Parochlal Church Coun¢ll of th• Eccloslastl¢al Parlsh of St Paul. Bodford (Rgglstornd Charlty Numbfrr 11346141 Note• to Flnandal Ststsments Y•ar •nd•d 31 De¢th￿ber 2020 Unmtrl¢l•d Fund8 Unmtrlct•d tl¢Blgnat•d Fun Fund Total Gènornl Tanglb Re8trfct￿ Endowment FLtnds Fund Flxgd A••ot• Fund• Fund• 2020 Tot41 Funds 2019 om¢• ¢￿t Gas. Eledriuty and Water Insurance Janitorial MateriaL8 Office Expendilu Bank S&Nc& Charges General Repairs Computof C08ts Alarm System Costs Deprecia￿￿ ol Tangibk? Assets Advertising and PromobcY)al Costs 8.ei6.42 5,827 99 1.572.9J 3.766.27 $41.70 588 2.226.78 2.167.91 8.606.42 13,096 5,827.99 7,481 1,572.gJ 858 3,766.27 7,622 657.41 766 965.88 7,498 2,228.76 1,935 2.63e.68 28,29).W 28,2 257.81 281 895.16 549 3.205.14 1801 2,723.80 3,824 1,9T8 115.71 28,2XI.Q) 257.81 89S.16 3,205.14 2.723.PJ) Clergy Expèn888 Ac%¢untsncy Fee8 Professional Fees Fundraign9 Costs Broadband and Hostjng 425.73 1,076 62 34.2￿ C@ 425.73 1,078.62 758 28,2￿.Co 63,094.57 78,897 other EXpndI￿r• Education Costs Mi$co11gngOU8 Costs Music Costs Organ And Fl'ano Tunir Dk)ces8n Par￿h Share DI0￿$9n Fees lor Se￿¢ Sacristy Costs Catering Costs Antique Fair Costs Licensing Costs Dcnations Cost ol iiem$ S￿￿ Flower Fund PayTnents 434.52 1,292 515.49 1,661 459.52 3,920 940.97 1,530 $9,093.00 T3,251 1,117.00 199 1.606.56 1.443 537.33 1,518 449.20 1.948 6SS.12 255.0) 515.49 459.52 940.97 59,093.0) 1.117.C¢) 1.6C6.56 537.33 449 20 6SS.12 255 20 1.009 594 271 e6.063.71 &%.C63,71 88,636 10 Spo¢1l Project• (2019-Totsl only) New lightsng AJaxaThYw Rcom Roof walkway Enhancements to Sound Systèm Water 4eak detection and repair Repairs to B8m8rd Cross Ch￿r lighting proja Report on structure ol lower Report on lyn￿leS & sc￿ ￿de Repairs lo railings Sacristy flocrf sealmg Auylic screen for Covid prot￿1"0n Moving organ bk)￿r Equipmènt lor strearning 5erwces 2.256.00 638.37 7.80 2.249.16 13.512.CQ 5.515.91 1,505.04 6.769.20 83S.03 2,258.00 638 37 79S.P 2.249.18 13.512.QJ S,S15.91 1.505.04 8.769,20 835.03 117.73 117.73 5,770. 1,410.QJ 5.770. 1,410.C 36.W 24 5.770.OJ 42,239.24 18,014

The Parochlal Church Councll ol tho Ecclo8la8tlcal Parish of St Paul, Bedford (Reglstgrgd Charlty Number 11346141 Not0$ to Flnandal Ststsrnents Year ondad 31lt D•¢wntser 2020 ul￿trIct•d FurKI8 Unmtrlct¢d De8Sgn•tod FundB Fund fotsl Gen¢ro1 Tanglbl• ReBtrlct8d Endowment Funds Fund Flx•d As••t¥ Fund• Fund• 2020 Total Funds 2019 11 OutM*ch Oonatlorni I Cdlecbons tsken at Tuesday Ccncerts 2 Rguring Coltections for purposes.. L&nt Servlces- Buny8n Meetirg The Bl8hop's Harvest Appe 255.70 255.70 325.64 325.64 1,631 3 Funds raised by the Othread) Comrnittea M8mo- Pastord ￿tsrk Ihllhin th Pari8h Christian DEC Appeal Colle9e ol thè Transfiguraoc Swaziland Sthols Project 2C(J.CQ 215.12 200.rJ) 215.12 715.12 715.12 3.600 Total distrlbuted ¢￿rfng IM Y 1,040.76 1,040.76 5,231

Tho Parochlal Church Coun¢ll of tho Ecclo8lastico1 Parfsh of St Paul. B￿lf0rd {Rggl8tsrod Charlty Number 1134614) Notss to Flnanclal Statsm•nt• Year •nd•d 31 D¢¢wnbor 2020 12 Cornporatl¥￿ forth• Stst•ment of Fln•ncthl AcllvlUe8 Unrn•trlct•d Fund• Funds Total Fund Rotrl¢t¢d Er￿owm•nt Fund• L•g•¢y F￿￿1 Fund• Funds 2019 Fund Incom• and Endowmgnts from: Voluntsry Inc4Jme Actiwtie5 for Gener8b'ThJ FLf Church ActMtie8 Investmant Inc￿ne Total 109.7.11 26.239.95 13,￿.98 189.18 150.317.20 54,421.89 957.13 3,140.34 184.389.00 27.197.08 17.061.30 189.18 208,836 56 58,519.36 Exp?ndltur• on: Church ￿mIles 157.978.08 28,29) Tr) $3.Xe.08 239,530 56 157.978.C 28,2￿ fy) 53,3(e 08 239,538 58 Net G4lnlLoM) on Imi••tm•ni8 289.58 289.58 N•t Incom•llExp•ndltyY•l 17.660.881 I28.2￿.0)I S.211.28 289.68 130,410.021 Tr•nBf•r lkn•n Fund• Net rnovemenl In FundB 17.860.881 128,2XI.Tr)I 5.211.28 289.58 130,410 021 R•conelll•tl¢)n of Fund¥ Fun¢$ b￿ght fornvard Fund• ¢•rrl•d 10Th￿rd 14,302.67 452,Lr(i.0) 45.941.94 6.841.79 423,750.CM) 51.153 22 2,477.99 514,722.80 2,767.57 484,312.58 10

The Paro¢hlal Church Councll of the EC¢￿31•$t1C81 Parlsh of St Paul, Bedlord (Registered Charity Number 11346141 Note8 to the Flnancknl Statoments Y•ar •nded 311¢ D•¢￿tser 2020 13 Tonglble FIX￿ Astets Movable Church Furnhhlng$ Total C¢xt or Valuat At 2020 and 3111 t>e(%mbw 2020 ,oJo.c 565.DJO.00 DeprerA8bon At 111 J8wwy 2020 Chargg fix Ye At 3111 Dwibw 2020 141.250.C(J 28,29). 141,250.CKJ 28.2yJ.I)J 189,500.00 169,500.00 Nat Book VtyJè At 3111 D￿rnber 2￿20 At 3111 Dec•mber 2019 395.5W OJ 423,750.00 395.500 CrJ 423,750.00 The movable thurth ￿MIShingS we shym 81 cost I£565,¢￿) knid) is the deemed ¢))Bt urthr SORPIFRS1021 transitional prow$ions, under which Ihe valuation as at 1W January 2015 is to a96els oxtanl al that datg. Tot•1 Fund• rotsi Fund8 2020 X+19 14 Inve•tm•nl4 End¢)wnent Fur Investrnent at Far Val 1.962 88 7,836 Inve81mtrnts consist of funds invested in Ihe CBF Churt ol England Investrnwrt Fund. Tho hc4ding at 31# Dec¢mber 2020 was ￿ shorns vknith cost £1¢JO. 15 D•btor• Debtors Gift rgcoveratle 27.751.73 220 31 27,972.04 9,671 2,855 72,526 16 0opo•lt•. Bank anrl Ca•h 8#l•n¢ CBF Dewl Fund Bank Acc￿nts Curronl Account Outreach Commrtiee Ac£tynt Cash in Hand I8.￿ 37 18,528 12.602.17 1.16131 34,264 1, 106 49 32,W 85 53,947 17 Cr•dltor8: If•lllng due vAthln *)ne Y￿rI Ggnoral Creditors and kc¥u 12 863.88 11

The Parochlal Church Councll of the E¢clg•lastical Parish of St Paul. Bedford {Rogi8ternd Charity Numbgr 11346141 Notes to tho Flnonclal Statements Year endod 3111 O¢eernb8r 2020 Movemwt In A￿oUr¢08 B•lan Ch•n 1 J•nuary Ineomlng <XrtgolryJ Trnn8fern durlNJ Yoar lan¢• 3111 Oec•mber 18 Endowrnnt Fund8 Chan¢el Fund Original Endownnt Acturnulated I￿oMe 1,299.C 1.850.44 2,949.44 1,299.(Kl 1.468 57 2.787.57 18187 181.87 181.87 181.87 19 Ro•trl¢tsd Fund• Alami Fund Bell Ringer8 Fund Building Repairs Fund Choir Robes Funtj Choral Scholarshlp Fund Cltrgy Robes Fund Clock Fund Edu￿￿On Fur Fabric PrO1￿ts Fund F¢llowship Lunc￿ Fund Flowar Fund Mu8ic Fund Now Chairs Organ Scholar Fund PaslDral Asth•lanWerg¢rFuryl Pettsr and Paul Statues Fund Swvers Robes FurKI Staging Fund Outreach Fund- r88￿(￿d element (468.7n 1.582. 3,070.74 186 95 10,432. 1.632.00 3.070.74 186 95 10,432 56 3,265.04 2,895 81 86.29 859 35 959 92 229.20 3,370 02 147 80 2,528.97 3,285.04 3.265.04 2.895.81 .29 (4,770.Crf)I S.429 35 4.770.fxs 229.20 4,370.02 147.eo 2,526.97 12.174.93 875. 2,069.51 2,670.(KI 1,thYJ.00 11.OQ).Th)) 5,c￿.￿XI 17.174.93 112,174.93} 875 Q) 2,069.51 2,870,00 957.80 51,1S3.22 1.360.18 9,675.22 1.156.47 24,S70.17 203.71 114,894.951 1 161.31 36,2S8.27 20 Unr••trlrt•d Fund• Gonefal Fund Designated Fund- Tar¥Jibl& Fixed A58eis 3,791.39 10,413.18 8.841.79 1e8.771.08 164.979.69 395.500 Crt) 405,933 18 423,750.1)) 28,29) t 430.391.79 168.771.08 193,229.89 128.250.WI 135,910.881 21 Summary of A•••t• by Fund Unrn8trlct Funds Deolgn•t•d Fund Tanglble Re3trlctsd Flx•d A•••t• Funds Unmtrl¢t•d Fund$ Genwal Fund Totsl FundB 2020 Endowmont Fund• 395.5W 00 1,962.88 60.341.89 112,663.881 445,140.89 Tangible Fixed Ass&ts Investsnent Flxed A8sets Current Assets abilibes 395,S(KJ. 1.982.88 23,C87. 112,663 88) 10,433.16 36,258.27 395.￿.CO 36,2&8 27 2.949 44 12