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 re￿t 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 Ex4Th￿ner and baslsof roport
As the Charitys trustees. you arè respoDsiNÈ for the preparaW)n of Iho aC￿Unts. 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 res￿nSIbl11ty lo."
. 8xamine the acLounts under section 145 of the 2011 Charities A¢
. to follow the wccedurts laKI dovm in the gene￿1 Thrections gNen by the Charity Commlssbn (under secti(
145(SXbl ol the 2011 char￿eS 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 8tt￿￿On Sn C(￿n￿On
with the examination gNes me cause to bel￿e 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 app1￿￿e requirements (W1￿mI￿j 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 Exam1T￿r
Na￿￿.. HO￿ V Davis
QualIf￿tiOnS. FCCA MBA
Add￿.. 9 The Meads. Pwk Road. Stoke Poges. Buc*s. 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