St Paul's Church. Hadley Wood Financial Statements st 31 December 2021
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St Paul's Church, Hadley Wood 8alan¢e Sheet At 31rt December 2021 2021 28,330.67 General Fun 13.760.01 MtSSiOn Partner Fund Oyrreath Fund Building Fund Centenary Furrfl Church Weekend Away Fund Ftower Fund 5,901.54 61,551.S8 6.993.tti 516.95 124.53 75,087.60 S.901.54 70,734.43 6.993.C 516.95 85.09 84.231.01 103.418.27 97,991.02 6.092.$0 101,300.77 107,393.27 Oebtors & Prepayments Cash at bankand in hand 4.118.8S 97,372.17 101.491.02 Les" Uablllt*s 3.975.(M) Amounts falling due within one year 3.SOO.00 103,41&27 97991.02 Approved by the Church Council on and signed on its behalf lry: R Chairnian D Hawkins. Treaswer 21Pa8e
R8port of the Indop•ndenl Examiner To tho Trustsès of St Paul's Church, H•dlèy Wood Hnancial Statsm•nts f¢r th• y•ar •nded 31st D•ceThl)•r 2021 I ret to the Trustees of St Paufs Church, H•Jley Wcth on Ihe accounts fc thè yoar ended 31s108cember 2021 which comprise Ihe slalernenl of financial aGbvilI 8nd the balanc 8he8t as set (Krt on pag8s 1-2. alorvJ wrfh the notes on pages 4- 9. Resp•div• respon¥lbilities of Trustees and Ex4Thner and baslsof roport As the Charitys trustees. you arè respoDsiNÈ for the preparaW)n of Iho aCUnts. The trustsas consid8r1hat an audit is not wuired for this y88r under se¢X•x 144(2} ofthe Charili8sAcl 20111th8 C2011 Act) and have giected to havg an Independenl examinatTh. Having Satisf myseWth the chority is not subject to undw company lthv and is eligljle for independent oxamlnation. it is my resnSIbl11ty lo." . 8xamine the acLounts under section 145 of the 2011 Charities A¢ . to follow the wccedurts laKI dovm in the gene1 Thrections gNen by the Charity Commlssbn (under secti( 145(SXbl ol the 2011 chareS ACL . to st8t8 whelher parliwLgr matters have rxxne to my attentitin. Independont •xamlnerfs statem•nt I have completed my examinatiw. I confi Ihat no material mattèts have o)me to my 8ttOn Sn C(nOn with the examination gNes me cause to bele that in. any material respect: . the accountng CordS were not kapt in accLKdanc8 with sedw)n 130 of thg Charities Act,. or thg Unts did n(A accord with the accountiTrJ record5. or . the accounts did not cornply th the app1e requirements (W1mIj Ihe fomi and u)nlent of accounts set out in the Charities (Accounts and Reportsl RoguLations 2008 otharthan any requirèmènt that tho accounts glve a 'true and fair, wew which is not a matter Consider as part of an irKlawdent examination. SbJned by the Indererdent Exam1Tr Na.. HO V Davis QualIftiOnS. FCCA MBA Add.. 9 The Meads. Pwk Road. Stoke Poges. Bucs. SL2 4PA Date: 28th March 2022 Pa8e 3
St Paul's Church. Hadley Wood Notes to the Financial Statements Year ended 31" December 2021 l. Basis of Pre aration The financial statements have been prepared under the Charities Act 2011 and in accordance with The Charities (Accounts and Reportsl Regulations 2008. and with the Charitie5 SORP IFRS 1021. The financial statements are prepared under the historical cost convention and on a goinE concern basis. 2. Accountin Policies Funds Unrestricted funds represent the funds of the Church Council that are not subject to any restrictions regarding their use. The Church Council determines restricted funds. See Note 6 for details of unrestricted and restricted funds. Incoming Resources Volunta Income Collectlons are recognised on a receipts basis. Amounts receivable under gift aid donations and other pledged amounts are recognised on an accruals basis where cash has been received in the period to the date the accounts are approved. Income tax recoverable on gift aid donations is reco8nised at the same time as the donation itself. Other Income Rental Income from the letting of the Church premises is accounted for when earned. Parochial fees due to the Church Council for weddings, funerals and other events are accounted for on an event by event basis. Appllcatlon of Re50urces Grants Grants and donations are accounted for in the accountingperiod in which the commitment is made. Costs The Diocesan Contribution and payments to the Deanery are accounted for when payable. Costs in relation to Church management and administration are reco8nised on an accruals basis. 41 Pdee
St Paul's Church. Hadley Wood Notes to the Financial Statements Year ended 31" December 2021 Assets Land and Buildin The Church Building, Church Hall, Parsonage and surrounding grounds are held by the St Paul's Church. Hadley Wood Trust. Current Assets Amounts owing to the Church Council at 31" December in respect of fees, rents or other income are shown as debtors net of any amounts irrecoverable. Fixtures fittin sande ui ment These items are fully depreciated in the year of purchase. This is on the basis that if the items were capitalised and depreciated over their useful lives, the accounts would not be materially different. 3. Contin ent Ilabil" In 2010, 5t Paul's Pre-school received a grant of £31,385 from the London Borough of Enfield for children'5 wash hand basins and toilets which is subject to clawback over 25 years. In 2015, when the Church assumed this contingent liability upon the closure of the Pre-school, the London Borough of Enfield confirmed that provided the Church Council continues to make the Church Hall available for children's activities. the clawback will not be triggered. Accordingly. the Church has made no provision for this contingent liability on the basis that the facilitie5 will remain in use. Should this prove not to be the case. the Church Building Fund has sufficient assets to meet the At 31, December 2021, the maximum contingent liability is £17.589 {£18,844).
St Paul's Church, Hadley Wood Notes to the Financial Statements Year ended 31st December 2021 Total 2020 Unrestrlcted Funds Restricted Funds Totsl 2021 4 Incoml Resources 4{al Voluntary Income {Dlrert Giving) Regular Gift Aid Contributions Tax Recoverable thereon Envelope Glft Aid Collections Tax Recoverable thereon Collections Tax Recoverable thereon Sundry Donations Tax Recoverable thereon Mission Partner Fund Donations Tax Recoverable thereon Outreach Fund Donations Tax Recoverable thereon Building Fund Tax Recoverable thereon Centenary Fund Donations Tax Recoverable thereon Church Weekend Away Fund 39,640.00 9,910.01 1,285.00 321.25 947.29 236.82 29,900.00 6,650.00 4,450.00 912.50 39.912.50 9,978.13 620.IXJ 155.00 1,411.40 352.85 12,176.32 2,395.33 39,912.50 9,978.13 620.00 155.00 1.411.40 352.85 12,176.32 2,395.33 3.960.00 977.so 3,960.00 977.50 I1,5.00 375.00 2.632.53 ifyJ.00 2.632.53 loo.00 106,127.87 67,1.53 7,670.03 74,671.56 41bl Other Voluntary lficorne Flower Fund Donation5 298.48 298.48 41cl Income from events and artivities Church Fees Church Hall Lettings Insurance and overpayments refun Soaal events 35.782.33 15,075.00 202.34 2.800.00 18.200.00 6.710.57 245.00 27.955.57 2.800.00 18,200.00 6,710.57 245.00 27,955.57 51.059.67 41d) Income from Investments Bank Interest 41e) Fund Transfers Transfers from General Fund Transfers from Flower Fund 7,531.41 9.782.32 9,782.32 7,531.41 9.782.32 9,782.32 165,017.43 94.957.10 17,452.35 112,409.45 61Page
St Paul's Church. Hadley Wood Notes to the Financial Statements Year ended 31st December 2021 Total 2020 Unre5tr1rted Funds Restrlcted Funds Total 2021 5 Resources Used 5(a} Grants- Charitsble Giving and Missionary Charitable Giving 475.(NJ Mission TraininB Support 6.788.75 Outreach Activities 1.349.73 Mission Partnersupport Outreach Fund 665.00 475.00 6,788.75 1.349.73 4.937.50 24.99 5,365.00 4.937.50 6,054.99 8,613.48 51b) Dirertly relating to the work of the Church Ministry Diocesan Contribution 57.795.00 Deanery Clergy Associate Minister Assistant Staff Parsonage Upkeep of Services Church Running Church Hall Running Church Maintenante Church Hall Maintenance Social events Flower Fund 4,937.50 13,550.98 83,900.00 1,721.00 2,973.23 20.102.60 3,272.30 57,795.00 3.589.27 7.099.80 3,622.74 3,589.27 7,099.80 3.622.74 84.97 7.694.05 6,810.69 2,091.07 732.90 22.79 8.433.37 7.548.70 1.231.38 868.98 33.59 22.79 8,433.37 7,548.70 1,231.38 868.98 33.59 39.44 90.285.06 241.92 129,624.73 39.44 90.245.62 51c} Church management and adrninistration Major Building Works Office Expenses and Supplies 39.44 32,448.40 77.25 32,525.65 3,332.00 3,332. 886.34 4,218.34 886.34 886.34 3,332.00 5{d} Bank charges Bank charges 5(e) Fund Transfers Transfer to General Fund Transfer to Buildin8s Fund 7,531.41 7,531.41 9,782.32 9,782.32 9,782.32 9,782.32 175,736.78 109,527.76 8.308.94 117,836.70 71Page
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St Paul'5 Church, Hadley Wood Notes to the Finantial Statements At 31st December 2021 2020 2021 7 Debtors & Prepayments Debtors Tax recoverable on voluntary income Prepayments Accrued income 595.00 4,047.50 1,450.00 4,118.85 6,092.50 4,118.85 8 Cash at bank and In hand Balance on current account and in hand Balance on deposit account Balance on flower fund account and in hand 101.027.80 97,138.64 272.97 101,300.77 233.53 97,372.17 9 Amounts falllng duewithln oneyear Trade creditors Deferred income 475.00 3,500.00 3,975.IXI 3.500.00 3,500.00 91Page