Charlty Regostrallon No. 1135636
ST PAUL'S
CHURCH
COVENT GARDEN
St Paul's Church
Bedford St
Covent Garden
London
WC2E 9ED
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
The Re¢d Simon Grfgg
Incumbent
Alex Carnpbell
Churchwarden
Maxirnillan David Della Pura Onorali Lacey Churchwarden
Jarnes Ward
Deanery Synod Representative
Robert Zamp8tli
Churchwarden and Deanery
Synod Repiesenlatwe
Elected Metnber
Elected Member
Elected Memb8r
Elected Member
Elected Member
El8Cted Member, Treasurer and
Vice Chair.
Elected Membei
Tony Hogg
Carol Bavin
jenn￿er Hoare
Josephlne 8uchan
Elizabeth Shaw
Marisha Widdas
Alison Cattennoule
Charlty number
1135638
Regl$tered office and
Prlnclpal Addre55
Bedford Street
London
WC2E 9ED
Independent Exarnlner
TC GTQUP
The Courtyard
Shoreham Road
Upper B88ding
Steyning
West Sussex
BN44 3TN
Banker5
National Westminster Bank plc
34 Henrfella Street
Covenl Garden
London
WC2E 8NL
Sollcltors
Mackrell
Savoy Hill House
Savoy Hlll
London
WC2R OBU

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
CONTENTS
Page
Truste8s' report
Independent examlnerfs report
Staternent of financial activities
Balan￿ sh88l
Cash flow staternent
Notes to the accounts
10-18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Status
The PCC is a CO￿orate body 8slablished by the Church DI England. The PCC OP8Ta18s under tre Parochial Church
Council Powers Measur8. The PCC is registered wllh the Charity Commission. Our Charily Cornmission number Ss
1135636.
The PCC re￿IveS incorne from the Holy Trinity Kingsway Trust.
The appointment of PCC mèmbers Is govern8d by the Church Representation Rules.
The PCC ttFeets throughout the year lo manage the Church affairs and operates a standing committee Ilncurnbenl,
Churchwardens, TreasureT, Ben Chamberfain, as Venue Manager and Phil Hunt, as PA lo the Incutnbentl.
Incumbent
The Rev'd Slmon Grigg
Ass15tant Prlest
The Rev'd RSchard Syms
Church Wardons
exander Campbell
Max Lacey
Robert Zampetii
Deanery Synod Represenlatlves
Robert Zampetti
Jarn8s Ward Ilong tenn sickl
Alison Cattermoul8 (Acting Represenlativel
Elected Members
David Alexander Idled 21 Jun8 20221
Carol Bavin
Josephine Buchan
Allson Catterrnoule
Jennifer Hoare
Tony Hogg
Marisha Wlddas (frea5urerlLay Vlce Chairl
lizabeth Shaw (appointed 24 April 20221
Independent Examlner
TG Group
The Courtyard
Shorehatn Rd.
Upper Beading
Sleyning
West Sussex
BN44 3TN

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Bankers
Natlonal Weslrninsier Bank plc
34 Henrietta St
Covent Garden
London
WC2E 8NL
Soll¢ltor$
M3Gkrell Tumer Garrett
Savoy Hill House
Savoy Hlll
London
WC2R 08U
A1rn5 and Organlsatlon
The aim of the PCC is the prornotion of the Gospel of our Lord Jesus Christ ac¢ordlng to the doctrfnes and practices
of the Church of England. The PCC cooperates wlth the Incumbent in promoting in the Parish. the whole rn15s1on of
the Church, pastoral, evangelistic, social and e¢umenical. A values statement accompanies this report.
Rlsk A55eS5mÈnt
The PCC conducts regular Risk A55essmenls, and 15 confldenl that it ha5 reactèd appropriately to th8 risk5 It
encounters. Financial Risk Is minimisod by robust accounting procedures, and strict pioTrdures for the countSng 2nd
Teceipl of rnonie5. Burglary is a rnajor risk and the PCC has undertaken a nurnber ol preventative measur8s. Fire
proteGllon is well maintained and the Incumbent and Administrator are Fire Marsh811 trained. Health and Safety has
been risk assessed and the Incurnbent, Administrator, Caretaker and ALL other stsff are First Aid trained. The
Incumbent, AdministraioT and Caretaker regularly review the prernises for other Health and Safely issue5 and take
appropriate remedlal aGllon. The Incumbent is DBS checked, a5 are any oth8radulls who hav8 unsupervised acc8&
to children.
The Incumbent has received Iralnlng on Safeguardlng and Safer Recrultment. We have lully cornplied wlth the
Dlocesan Safeguarding rneasures for children and vulnerable adult5. All outsid8 group5 that us8 the premises and
involve children rnusl adhere lo our Safeguard1ng Policy.
Children and Vulnerable Adult5 Protecllon and Safeguardlng
The PCC has cotnplled with the duly under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in
relallon lo having due regaTd to House of Bishops, guldance on safeguaidlng children and vulnerable adult5.
Church Attendance
Average Sunday altendance was 5 children and 42 adults and 27 cameras un line.
The Median was 5 children and 37 adults and 22 carneras.
The Modal nurnbeT was 4 childr8n and 36 adults and 22 cameia5.
11 Is difficult to asse55 how many people watGh 'per cam8ra'. bul we assurne 1.5 peTson per camera giving us an in
person and on Ilne pr&s8nc8 of approxlrnalely 70 people, sllghuy up on our pre-pandemic numbers.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Overview of Church activltie5
The church was built in 1633, the first church lo b8 built and dedicated for Anglican worshlp slnce the Reformabon.
It was fonrally dedicated in September 1638 and ￿gUlarlY estsblished as a parish by AGt of Parliarnent in 1660. It
has continued as an Anglican place of worshlp since then.
In 2022. as we retumed lo full time operation after the cO￿d 19 Pandemic..
51 Sunday Eucharists were conducted in ¢huich.
8 Holy Week sQ￿ceS
78 weekday Eucharists were eonducted.
10 Choral Even50ngs were cel8brated.
2 Bapt15rns were conducted.
4 Marriages or blessings of rnarriages were conducted.
8 Funeral Services were conducted- this does not includ8 funerals al local crematoria.
12 MemorSal 5erwces were eonducted.
30 carol semces or carol concerts We￿ CDnduc18d.
12 other services were conducted.
6 School Masse5 and Seroices were conducted.
We h05ted 251 concerts and theatrical performance5.
6 garden events
4 days ol filtning
In total theTefore we conducted approximately 482 even15 in 2022. This compares wth approxirn818ly 284 events in
2021.
Publlc Beneflt
In 2022, we continued our close Ilnks wlth the local communlty- partlcularfy with Covent Garden London, Ith8
owners of the Piazzal, the Covènt Garden Communlty A550ciatlon, the Covent Garden Area Trust and others.
The Incurnbent is Vice Chalr of Govemors of St. Clement Danes School, and vlsiting Priest. He undertakes a
number ol dutles for the school, induding interviewing polentlal staff, deals with disciplinary matters, h85 a weekly
rfftellng wth the Headleacher, and takes a weekly a5sernbly. W@ also conduct School Mas88s regularfy, and h05l
a number ol other school 8venls, such 25 the E8sler Servlce.
Iruslees confiTm that they have lak8n Charity Commls5i0n Guidance on Publlc benefit into account. In
accordance with our duties as slated in section 17151 of the 2011 Charitie5 Act, W8 have considered the guidanc8
provided by the Charity Commls51on in regard to publlG benefit.
Future Plans
In 2D23 we will continu8 to try to rebuild our nurnbers, continue our'you Tube, offerfng and continu8 th8 masslve
restoration programme of the church buildlng.
Fabrlc Report
In 2022, we undertook the resloralion and redecoration of the Vestry of the church. We re-gilded and restored the
Reredos area of the church. We installed a side panel to the Bar. We repl8￿d the wom-oul garden sheds. We
Improved access lo the garden. We installed new protective covers for the technical area of the church. We replaced
the CCTV systetn. The 8Xtemal gales of th8 church were restored.
Flnancial Revlew
The lolal costs this year were £619,77712021.. £828,103) wllh the InGome of £757,33612021.' 687,4861 giving
surplus of £137,55912021.' deflclt of £140.6171. £1,437,464 has b88n carried forward in reserves lo 2023 12021..
£1,299.9051, of whlch £4,002 is r8Stricled funding12D21.. £4,876).
We are fortunate to have signifitrdnl reserve5 of £1.4m which w511 be used lo maintain the f8brtc of the building and
Sustain the long term future of the charity.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Reserves pollcy
Contin
enc
Re5eNes
11 15 the aim of this charity to retain suffiu8nt Te5erve5 to coveroperating expenses of the building, grounds and staff
for a period of twelve months. Our income fluctuates seasonally. Should there be a period of zero income generation
it could take this length of lead time to ￿cover. This is currenuy estimated at £450,000 to run as a going cOn￿rn. It
Is less if activities are fO￿d to go dormanl for a lod(down.
In add11ion, we hold a conllnyency reserve for etnergenGy repairs lo the fabrlG of the building of £100,000.
It should be noted that the building and contents are insured wth Eccleslasticd Insurance. The policy would provlde
cover In the ev8nt of darnage due to accident. flood, file and acts of terrorisrn and Includes £460,000 contents cover.
11 Is Ih8refore our pollcy to hold a rninirnutn of £550,DOO in ac￿SIble reserves of which 50% Should be accessible
withln 30 days.
At the end 012022 we hold a total of £1,437,464 nel in funds olwhich £4,0021s reslrictsd. This is accessSble in cash
within 30 days.
Desi
naled Funds
In addition we have designaled £100,000 in reserves for the rEpalr and r8decoration of the eav8S.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees, ￿SpOnsIbIlItIeS in relatlon to the accounts
The trustees are responsible for preparfng the Trust8es' R8POrt and the accounts in accoTd8nce wth applicable law
and United Kingdorn Accountlng Standards Iunlled Klngdom Generally Acc8Pted A¢countlng Pracllcel.
The law requires the trustees lo prepare accounts for each financial y8ar which glve a true 8nd fair view of the stale
of affalrs of the charity and ol the Incorning resources and appllGation of resources, including the Income and
exp8nditure, ol the charity for that year.
In preparfng these accounts, th8 trustees are required to=
select sultable accounting policles and then apply them consistently.,
observe the methods and princlples In the charities SORP.,
make ￿dgerNentS and 8stirnates that aTe reasonable and prudent., and
prepare the accounts on the going concem basls unless It is Inappropriate to presume that the charlty wlll
continue In operation.
The twstees are responsible for keeplng adequate accounting records that d15d05e with rEasonable accuracy al
any tirne the financial position of the charity and enable thern to ensure that the accounts comply wllh the Chaiitie5
Act 2D11. They ale also responsible lorsafeguarding the assets of the d)arlly and hen￿ for taking reasonable steps
for the prevention and deleGlion of fraud and other Irregularities.
Approved by the board on .........
On behalf ol th8 board of trustees
The Rev'd Slmo
Trustee
Grigg

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN
I report to the charity trustees on my eXamin8t￿n of the accounts of the above charity for the year ended 31
Dec8mber 2022.
Respon5ibllitie5 and basls of report
As the charlty's tws18eS, you are responsible for the preparatlon of the attounts In accordan￿ ￿th the
requiretnen15 ol the Charities Act 20111.the Act'l.
I report In respect of my exatninatlon of th8 account5 cairied out under section 145 of the 2011 Act and In Carr￿ng
out my examinatlon, I have follow8d the appllcable Directions given by the Charity Comtnlsslon undersection
14515llbl of the Act.
Independent Èxamlneffs statornent
The charity's gross Income exce&d8d £250,000 and l arn qualified to undertake the eXa[￿￿natIon by b8ing a
qualified member of the Association of Charter8d Certrfied Accountants.
I have cornpleled my exarnination. I confirm that no material tnalters have corne to rny attention in connecuon
with the examination which gives me cause to believe that In, any material re5pe¢l'.
the accounting record5 were not kgpl in accordance wlth s8clion 130 of the Charities Acl,. or
the accounts did not aecord wlth the accounting Tecords.,
the accounts did not comply wlth the applicable requlrements concernlng the foTh and content ol
accounts Set out In the Charitios (Accounts and Reports) Regulation5 2008 other than any requirement
that the aGcounls giv8 a'true and falr view which is not a matter considered as part of an independent
examination.
I have no concerns and have corne across no other rnatters In connection with the examination towhich attention
should b8 drawn In thls report in order to enable a proper understanding of the accounts to be reach8d.
Mark Cummins FCCA FCIE
On behalf of TC Group
Office- Steyning, West Sussex.
25 April 2023
Dalod..

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestrlcted Re5trlcted
funds
nds
2022
2021
Income from..
Donations
Other trading acliiities
Investment income
Note
258,499
193,59B
277.787
15,452
12,000
273,9S1
205,598
277,787
221,050
114,375
352.061
Total income
729,B84
27.452
757,336
687,486
Expendlture on=
Raising funds
Charitabl& acllvlUes
99,621
504,704
99,621
520,156
69,116
758,987
15,452
Total expendlture
604,32S
15,452
619,777
828,103
Net Incomellexppnditurel
125,559
12.000
137,5SP
1140,6171
Transfer bet¥ween funds
15
12,874
112,8741
Net movement In funds
138,433
18741
137,559
114D,6171
RÈconclliation of funds
Total fund5 brought foward
1,295,029
4,876 1,299,905 1.440,522
Total funds carrled foNard
16
1,433,462
4,002 1,437.464 1,299.905
The 5talemenl of flnanclal actwilies includes all galns and losses re¢ognised In the period. Al income and
8xpendilure deiwes from conlinulng activib'es.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
BALANCE SHEET
AS A T 31 DECEMBER 2022
2022
2021
Note5
Cu￿ent a559t5
Stock
Debtors
Cash 81 bank and in hand
1,149
162.812
1,436,852
943
108,893
1,327,853
11
1,600,813
1,437,889
Credltor5'. amounts falllng due
wlthln one year
12
1163,3491
1137,7841
Net current asset5
1,437.464
1,299,905
Net a55ets
q,437.464
1,299,905
The funds of the charlty:
Restrlcled funds
4,002
4,876
Unrestricted funds
1,433,462
1,295.D29
1,43Y,464
1,299,905
The account5 were approved by the Board on.. ........
e Rgv'd Sifflo
Ttuslee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Cash flows from operatlng
activltios
Net mtsvemÈnt In funds
137,5S9
1140,6171
(lncreaseydec￿ase in stocks
IIHcr88seydecrea58 in debtor5
Increaselldecreasel in ￿ditorS
Net cash used In operatln9
actlvitles
12061
153.9191
25,S65
37,161
23.838
108.999
179,5741
Change In cash and cash
equivalents the year
108.999
179,5741
Cash and Gash equlvalent5 at the
beglnnlng of the year
1,327,853
1,407,427
Cash and cash equlvalents at the
end of the year
1,436,8S2
1,327,853

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Legal status of charltable company
The Parochial Church CounGII of the Ecclesiastical Parish of St Paul, Covent Garden is a charfly. The
charity'5 reglstered number and Offi￿ address can be found on the Legal and AdTnini5tratlve Information
page.
Accountlng policle5
Ba51s of preparatlon
The Parochial Church Council of the Ecclesiastical Parlsh of St Paul, Covent Garden rneets the definibon
of a publiG benefit enbty under FRS102. Assets and liabilitie5 are initially re(x)gnised at hlstorical cost or
transaction value unless otherwlse slatod in the relevant a¢¢ounting policy notels). There are no material
uncertainties about The Parochial Church Councll of the EcdesiasUGal Parish of St Paul. Covenl Garden's
ablllty to continue as a going concem.
The flnancial statements have been prepared in accordance wllh Accounting and RepDrting by Chaiities..
Stalem8nt of Recomtnended Practice applicable to Gharilies pr8P8ring thelr accounts N accordance with
the Financial Reporting Standard applicable In the UK and RepubllG of Ireland IFRS 1021 lefleclive 1
January 20151 atKI in accordaHTr with Church Accountlny Regulations 2006.
The finandal statem8nts are prepared In sterling, which is the functional currency of the charity. Moneiary
arnounls in these financlal statements 8re rounded lo the nearest pound.
Golng con¢ern
After makin9 appropriate enqulrfes, the trustees have a reasonable expectallon that the charity has
adequate resources lo continue in operational exSstence for the foreseeable futur8.
There are MD material uncertainties about The Parochial ChurGh Council of th8 Eccleslasucal Parish of St
Paul, Covont Garden'5 ablllly to continu8 as 8 golllg concern.
Income
All income is induded In the Slalament of FlnanGlal Activities when the charity is I￿allY entitlpd lo the
income, It Is probable the income ￿11 be received and the amount can be quant￿led with r8a50nable
accuracy.
Expendlture and bas15 of apportlonlng Costs
Expenditur8 IS accounted for on an accruals b8515 wllh the irrecoverable element of VAT included wllh the
it8m to which 1t relates and has been da55lfied under headings that aggr8gate all costs related to the
category.
Charitable activities comprfses all expenditure dlreclly relating to the ObJect￿e$ ol th& ch8rity.
Governan¢e costs (Included wllhln Support mst51 comprlses all CO5￿ a55ociated with constitutional and
statutory requirements with which the charlty must cornply.
io

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting Pollcles
Icontlnuedl
Penslon5
The charity operates a NEST pension scheme. Conlributlons are charg8d to the Statement ol FlnanGlal
Activitles as they are incurred.
Stocks
Stock is valued at the lower of cost and net iealisaUe value.
Debtor5
Trade and other debtors are recognised al the sellletnent amount due after any trade dlsGount offered.
Prepayments are valued 81 th8 arnounl prepaid nel of any trad& discounts due.
Cash at bank and In han(1
Cash at bank and in hand includes cash and short term highly liquld Investrnent5. The trustees S88k to US8
short terrn deposlls to tnaximise the relum on monle5 held al the bank and lo manage cash flow.
Credllors and prov151onB
Croditors and promsions are recognised where the charity has pr8senl obligatSon ￿sUltsThg frotn a past event
that will probably result In a transfer of funds to a third party and the amount due to S8tt18 the obligauon can
be measured or estimated reliably.
2.10 Fund Accountlng
Unrestricted funds are to be used In accordance with the charitable objective5 at th& discretion of the
Trustees.
Reslricled funds are to be used for par￿CUlar restrfcted purposes withTn the objedves of the charfly.
Reslricllon5 arise when specified by the donor or when funds are ralsed for partlcular reslricled purpos8S.
2.11 Judgements and key Sources of esllmatlon uncertainty
In the applicallon of the charity's accounllng pollcie5, the trustees are required to make judgernents,
estitTrates and assurnptions about the carrying amount ol a%.%pls and liabilities that are not readily apparent
frorn other $our￿s. The 8stimales and a550ciated assumptions are based on hlslorical experience and
other factors that are consldered to be relevant. Actual results may drfrerfrom these estimates.
The esllmales and underlylng assutnplions ar8 revi8W8d on an ongolng ba515. Revisions io accounting
estimaies are recognlsed in th8 pertod in whlch the eslirnate is re￿sed.
The Iruslees do not consider that there are any critical eslim818s or areas of ludgemenl that need to b8
brought to the attention of the readers of the financial slatemenl5.
li

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Income from donations
R8Strlcted Unrestricted
funds
fund5
2022
2021
Planned giving
Collecllons
Appeals and donations
Grfi Aid tax r&claimed
18,425
28,096
173,916
38,062
18.425
43,54B
173,916
38,062
23,306
12,359
173,752
11,633
15,452
Total Income from donations
15,452
258,499
273,9S1
221,050
Income from other tradlng activities
RestrittÈd Unrestrlcted
funds
funds
2022
2021
Car parking rentals
Oth8r incorne
Ticket incorne
Bar incorne
Votlve candles
26.092
42,857
66,230
54,638
3,781
26,092
54,8S7
66,230
54,638
3,781
21,095
20,654
54,140
16,988
1,500
12,000
Total income frotn other tradlng actlvltles
12.000
193,S98
205,598
114,375
Investment income
Restrlcted Unrestrfcted
fLJnds
Funds
2022
2021
Lic8nce f88S
Interest reCe￿ab]e
275,393
2,394
275,393
2,394
351,942
119
Total Investment income
277,787
277,787
352,061
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Total expendlture
staff
cost5
Other
cost5
Total
2022
Total
2021
Expendlture on ra155ng fund5
Costs ol ralslng donations and
grants
99,621
99.621
69,116
Expendlture on charltable a¢tlvltle5
Activities undertaken dimctly
Support cos15
160,248
331,125
28,783
491,373
28,783
695,624
63,363
Tol81 charitable actfvllies
160,248
3S9,908
520,156
758,987
Total Expenditur8
160,248
459,529
619,777
828,103
Analys15 of sUPPOrt costs Ilncludlng Governance cost51
Total
Total
2022
2021
General office and 8drninistralion
Governan￿ c0515'.
Independent examSner5 fees
24,343
59,043
4.440
4,320
28,783
63,363
13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Comparatlve Funds- Statement of Flnanclal Actlvitles for the year ended 31 December 2021
Unrestrlcted Re5trlcted
fund5
funds
2021
2020
Income from..
Donations
other Iradlng acllvlties
Investment incom8
Note
108,647
114,375
352,061
112,403
221,050
114,375
352,061
32,931
49,450
304,568
Total incorne
57S,083
112.403
687,486
386,949
Expendllure on..
Raising ILJnds
Charitable activities
69,118
634,650
69,116
7S8,987
21,742
367,980
124,33T
Total expendltur&
703,766
124,337
828,103
389,722
Net incomellexpendllurel and net
movement In funds for the year
1128,6831 111,9341 114D,6171
12,7731
Reconciliation of fund$
Total funds brought forward
1,423.712
16,810 1.440,522 1,443,295
Total funds carrled forward
1,295,029
4,876 1,299,905 1,440,522
The slaternent of finanGlal acllvltles includes all gain5 and losses r8(x)gnised in the perfod. All in(x)me and
8xpenditur8 derives fiotn conllnuing acliMIi8S.
14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
This year there were church expense5 of £6,43212021.. £11.0001 paid for by the various Trustees as a
result of COVID and the charity not h8Mng an onllne banklng system Iwth the church unable to make bank
tran5fersl. £6,432 12021.. £9,818) of these expenses were reimbursed. None of these exp8ndilur8
r8irrt>ursernents were outsianding at the year end12021.. £1,181).
London Hlstoric, of which Max Lax8y ITrusteel Is a director, provided servic8S to the charfty lotalllng £26,146
12021.. £43,923). These IransaGtion5 were al arms length.
Employees
Nvmber of employee5
Th8 av8rag8 monthly number of employ88$ during the perlod was..
2022
Number
2021
Number
Admini5tralion, marketlng and cotnmercial
Employment costs
2022
2021
Wages and Salaries induding so(aal security c05t5
Olhor pension costs
1 S6,786
3,462
106,943
2,307
160.248
109,250
10 Taxatlon
As a charity, Th8 Parothlal ChurGh Council of the Ecdeslaslical Partsh of Sl Paul. Covent Garden is exempt
from tax on incotne and gains to the extent that these are applied lo its charitable objecis.
11 Debtors
2022
2021
Trade debtors
Other debtors
P￿paYrnents and accrued In¢orne
141,451
19,031
2,330
60,255
19,023
29,615
162.812
108,893
15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 Credltors.. amounts falling due wlthln one year
2022
2021
Trad8 creditor3
Other creditors
Accruals and deferred incom8
28,545
42,648
389
94,747
134,804
163.349
137,784
Creditors amounts falling due wthin one year Includes deferred income..
2022
2021
As at 1 January 2022
Arnounl released to incom8
Arnount deferred in the year
88,839
188,8391
124,872
93,612
193,6121
88,839
As at 31 De￿rnber 2022
124,872
88,839
13 Penslon and other po$l.retlrement beneflt commltments
Dèflned contrlbutlon
2022
2021
Contributlons payable by the charity for the perfod
3,462
2,307
At 31 December 2022 contributions of £NII were outslanding12021.. £NIII.
14 Comrnltrnents undÈr operatlng lea58S
At 31 December 2022 th8 charity had total comrnitmenls under non-canc8llabLe operatlng leases asfollows..
2022
2021
Explry date..
Less than one y8ar
Within two and five yeArs
3,649
14,050
7.379
17,599
17,699
25,078
16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2022
15 Restricted funds
The in¢otne funds of the charily Indude restricted funds comprlslng the following unexp8nded balan￿ of
donations and grants held for specific purposes..
Movement in funds
Balance al
1 January Incomlng Resources
2022 re50urce5
expended
Transfer Balance at 31
beiween
De¢ember
funds
2022
St John Drury Lane Trust
Fabric Fund
Donation for Pews
st Gllesmilliam Shelton charfty
Collectlons
Foyer Refurblshmenl
Gas L8mp Donation
Other
708
2,586
5,584
976
3,294
3,682
112,0001
708
12,5861
15,5841
19781
15,452
115,4521
3,294
13,6621
12,000
16ei
4,876
27,452
115,4521
112,8741
4002
St John Drury Lane Trust- The fund is to be applied for the restricted purposes of the Trust.
Fabrfc Fund- This is a donallon from the Rector to b8 used towards the fabric fund.
Donations for Pews- ReceNed a donation for pews for the Church.
Sl Giles William Shelton charfty- ReceTved a grant from the chaiity which was for materials and tralnlng for
children's work wlthin the Church.
Colle¢lions- The Church r8ceives money towards special collections whlch It then pays as 8 donation.
Donations for Gas Lamps- Expecting to receive a donallon to cover part of the Gas Lamp re51oration.
Foyer Refuhlshment- As part of our ongolng mainten8nce of the fabric of the bulldlng the flooring has been
restored, Iwhting improved and painting and gilding have been ienewed.
Other - reslricled donations reGeived from Heros Bank, Sl Clements, Mind, Guide Dogs, Harding UK, SI'S
88n8volent Fund, MAD Trust, The Food Chaln and The Royal British Legion. These were donations rnade in
2021 from events held.
17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST PAUL, COVENT GARDEN
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Analysls of net assets between funds
Unrestricted
fund5
Restricted
fund5
Total
Fund balan￿$ al 31 Decetnber 2D22 are represented by..
Current assets
Credltors.. amounts falllng due within one year
1,5g6,811
1163,3491
4.002
1,600,813
1163,3491
1,433,462
4.002
1.437,464
Unre5trl¢ted
fund5
Re$trl¢ted
fund5
Total
Fund balances at 31 Dec8mber 2021 are represented by..
Current a55ets
Creditor5.' amounts falling due wlthin on8
year
1,432,813
4,876
1,437,689
1137,7841
1137,7841
1,29S,029
4,876
1,299.905
Included In the abovefortK)th years is £100,000 designaied funds, sel aside forth& repalrand red£corallon
of the eave5.
17 Ultlmate controlllng party
The charity Was undei the control of the Trustees during the period under revi8w.
18

Actors, Church Christmas Sing-Along 13112122
Staff
DMIFOH-8en
DM- Tobie
Office I Produolion Assisiance - Charfotte
£62.50
£62.50
£75.00
£200.00
Perform•rs
Musical Director
Organist
Singer
Singer
Singer
Singer
Singer
Singer- Rehearsal only
Singer- Rehearsal only
£500.00
£100.00
£150.00
£150.00
£150.00
£150.00
£150.00
£50.00
£50.00
£1.450.00
T8ch Support
£270.00
£270.00
Marketing
Flyers
Large Poster
Printing
£29.62
£30.00
£10.00
£69.62
Church Box Offlce Costs
PRS
8ox Office Commision
Venue Hire
Zettle
£106.00
£212.00
£600.00
£1.58
£919.58
Total Production Costs
£2,909.20
Bar Costs
Bar Stock
Bar Staff - Gary
Zetlle
£153.24
£51.75
£8.41
£213.40
Grand Total Costs
£3,122.60
Box Office Income
Door sales
TodayTix
Box Offic8 Sales
£110.00
£615.00
£1,395.00
£2.120.00
Bar Income
Bar Takings
Pre paid drinks
£485.20
£34.00
£519.20
Production l Box Offiee Proflts
789.20
Bar Profits
£305.80
TOTAL PROFITS
483.40
ProduthonlBoxOffice Prolt (NOT INCLUDING VENUE HIRE)
189.10
Total Profitlnofsndudlngvenue hlrel
£116.50

A Musical Theatre Christmas 04112122
Staff
DM-Ben
DM - Emily
DM - Tobie
Qffice Cover- Charlotte
FOH - Alison
£137.50
£112.50
£75.00
£100.00
£51.75
£476.75
Production
PrOdu￿r
stage Manager
Videographer
Photography
Costume for Simon's Camio
Sound Design
£700.00
£100.00
t200.00
£50.00
£31.40
£250.00
£1,331.40
Tech Support l Hire
£1,408.92
£1,408.92
Muslclans
Musicians x 7
Musical Director
£1.050.00
£500.00
£1,550.00
Marketing
Large Poster
Pritning
£30.00
£20.00
£50.00
Church Box Offlce Costs
PRS
Box Office Commision
Venue Hiro
Zett19
£427.63
£855 25
£600 00
£3.95
£1,886.83
Total Production Costs
£6,703.90
Bar Costs
Bar Staff - Elliot
Bar stock
Zettle
£51.75
£631.59
£18.34
£701.68
Grand Total Costs
£7,405.58
Box Office Incomè
Door Sa5e
TodayTix
Box Office Sales
£45.00
11,035.00
£7,472.50
£8,552.50
Bar Incom•
Bar Taking
Pre paid drinks
£1,049.30
£151.00
£1.200.30
Production l Box Offlce Profits
£1,848.60
Bar Profits
£1,200.30
TOTAL PROFITS
£3,048.90

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