St Paul's Church, Hadley Wood Financial Statements
31[st] December 2024
|St Paul's Church, Hadley Wood
Statement of Financial Activities
Year ended 31st December 2024
Total
Unrestricted
Restricted
Total
2023
Funds
Funds
2024
£
Note
£
£
£
Incoming Resources
60,989.26
Voluntary Income (Direct Giving)
4(a)
72,437.89
15,531.74
87,969.63
-
Other Voluntary Income
4(b)
-
-
-
31,076.60
Income from Events & Activities
4(c)
27,773.05
-
27,773.05
-
Income from Investments
4(d)
-
-
-
15,619.32
Fund Transfers
4(e)
-
32,238.19
32,238.19
107,685.18
Total Incoming Resources
100,210.94
47,769.93
147,980.87
Resources used
11,550.67
Grants - Missionary and Charitable Giving
5(a)
16,147.90
38,056.05
54,203.95
61,970.47
Directly relating to the work of the Church Ministry
5(b)
45,860.77
-
45,860.77
26,366.42
Church management and administration
5(c)
1,577.24
18,488.10
20,065.34
105.79
Bank charges
5(d)
58.43
-
58.43
15,619.32
Fund Transfers
5(e)
32,238.19
-
32,238.19
115,612.67
Total Resources Used
95,882.53
56,544.15
152,426.68
7,927.49
-
Net Surplus / (Deficit) of Incoming Resources for the year
4,328.41
8,774.22
-
4,445.81
-|1 | P a g e|
|---|---|
St Paul's Church, Hadley Wood Balance Sheet At 31st December 2024
| 2023 £ Note Funds Unrestricted 6 7,124.51 General Fund Restricted 6 4,251.80 Mission Partner Fund 2,037.59 Impact Fund 45,424.64 Building Fund 2,125.90 Hardship Fund 53,839.93 60,964.44 Represented by: Current Assets 7,360.41 Debtors & Prepayments 7 57,104.03 Cash at bank and in hand 8 64,464.44 Less: Liabilities 3,500.00 Amounts falling due within one year 9 60,964.44 Net Assets Approved by the Church Council on and signed on its behalf by: S Ashton, Chairman D Hawkins, Treasurer Date David Hawkins (May 7, 2025 14:20 GMT+1) David Hawkins May 7, 2025 Sam Ashton (May 7, 2025 16:15 GMT+1) Sam Ashton |
2024 £ 11,452.92 - 3,765.08 39,174.73 2,125.90 |
|---|---|
| 45,065.71 56,518.63 |
|
| 9,255.62 69,098.01 |
|
| 78,353.63 21,835.00 56,518.63 |
|
| 2 |
Report of the Independent Examiner To the Trustees of St Paul's Church, Hadley Wood
Financial Statements for the year ended 31st December 2024
I report to the Trustees of St Paul's Church, Hadley Wood on the accounts for the year ended 31st December 2024 which comprise the Statement of Financial Activities and the Balance Sheet as set out on pages 1-2, along with the notes on pages 4 - 9.
Respective responsibilities of Trustees and Examiner and basis of report
As the Charity's trustees, you are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the C2011 Act) and have elected to have an independent examination.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Charities Act, and
-
to state whether particular matters have come to my attention.
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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
• the accounts did 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed by the Independent Examiner
Name: Hope V Davis
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HD (May 7, 2025 18:52 GMT+1)
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Qualification: FCCA MBA
Address: 9 The Meads, Park Road, Stoke Poges, Bucks, SL2 4PA
May 7, 2025 Date
3 | P a g e
St Paul’s Church, Hadley Wood Notes to the Financial Statements Year ended 31[st] December 2024
1. Basis of Preparation
The financial statements have been prepared under the Charities Act 2011 and in accordance with The Charities (Accounts and Reports) Regulations 2008, and with the Charities SORP (FRS 102).
The financial statements are prepared under the historical cost convention and on a going concern basis.
2. Accounting 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
Voluntary Income
Collections 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 recognised 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.
Application of Resources
Grants
Grants and donations are accounted for in the accounting period 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 recognised on an accruals basis.
4 | P a g e
St Paul’s Church, Hadley Wood Notes to the Financial Statements Year ended 31[st] December 2024
Assets
Land and Buildings
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[st] December in respect of fees, rents or other income are shown as debtors net of any amounts irrecoverable.
Fixtures, fittings and equipment
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. Contingent liability
In 2010, St Paul’s Pre-School received a grant of £31,385 from the London Borough of Enfield for children’s 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 facilities will remain in use.
Should this prove not to be the case, the Church Building Fund has sufficient assets to meet the liability.
At 31[st] December 2024, the maximum contingent liability is £13,824 (2023: £15,079).
5 | P a g e
St Paul's Church, Hadley Wood Notes to the Financial Statements Year ended 31st December 2024
| Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|
| 2023 | Funds | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| 4 | Incoming Resources | ||||
| **4(a) ** | Voluntary Income (Direct Giving) | ||||
| 30,405.00 | Regular Gift Aid Contributions | 49,864.00 | - | 49,864.00 | |
| 7,601.25 | Tax Recoverable thereon | 12,466.00 | - | 12,466.00 | |
| 4,101.00 | Envelope Gift Aid Collections | 2,300.00 | - | 2,300.00 | |
| 1,025.25 | Tax Recoverable thereon | 575.00 | - | 575.00 | |
| 1,638.02 | Collections | 2,262.30 | - | 2,262.30 | |
| 409.51 | Tax Recoverable thereon | 565.59 | - | 565.59 | |
| 8,947.31 | Sundry Donations | 3,924.00 | - | 3,924.00 | |
| 1,611.83 | Tax Recoverable thereon | 481.00 | - | 481.00 | |
| 2,570.00 | Mission Partner Fund Donations | - | 5,465.00 | 5,465.00 | |
| 642.50 | Tax Recoverable thereon | - | 866.25 | 866.25 | |
| 1,630.07 | Impact Fund Donations | - | 7,348.99 | 7,348.99 | |
| 407.52 | Tax Recoverable thereon | - | 1,851.50 | 1,851.50 | |
| 60,989.26 | 72,437.89 | 15,531.74 | 87,969.63 | ||
| **4(b) ** | Other Voluntary Income | ||||
| **4(c) ** | Income from events and activities | ||||
| 2,505.00 | Church Fees | 1,269.50 | - | 1,269.50 | |
| 25,792.87 | Church Hall Lettings | 25,723.55 | - | 25,723.55 | |
| 2,778.73 | Insurance and overpayments refu | - | - | - | |
| - | Social events | 780.00 | - | 780.00 | |
| 31,076.60 | 27,773.05 | - | 27,773.05 | ||
| **4(d) ** | Income from Investments | ||||
| **4(e) ** | Fund Transfers | ||||
| 15,619.32 | From General Fund | - | 32,238.19 | 32,238.19 | |
| 15,619.32 | - | 32,238.19 | 32,238.19 | ||
| 107,685.18 | 100,210.94 | 47,769.93 | 147,980.87 |
6 | P a g e
St Paul's Church, Hadley Wood Notes to the Financial Statements Year ended 31st December 2024
| Total 2023 £ 5 5(a) 3,421.63 - 4,916.54 3,212.50 - - 11,550.67 5(b) 10,320.00 20.00 7,003.60 642.00 9,607.70 3,809.69 13,189.62 16,331.41 826.61 219.84 - - 61,970.47 5(c) 25,584.40 782.02 26,366.42 5(d) 105.79 105.79 5(e) 4,251.80 9,241.62 2,125.90 15,619.32 115,612.67 |
Unrestricted Restricted Total Funds Funds 2024 £ £ £ Resources Used Grants - Charitable Giving and Missionary Charitable Giving 8,319.50 - 8,319.50 Mission Training Support - - - Outreach Activities 7,828.40 - 7,828.40 Mission Partner Support - 25,583.05 25,583.05 Impact Fund - 7,473.00 7,473.00 Hardship Fund - 5,000.00 5,000.00 16,147.90 38,056.05 54,203.95 Directly relating to the work of the Church Ministry Diocesan Contribution 2,317.00 - 2,317.00 Deanery 20.00 - 20.00 Clergy 976.77 - 976.77 Associate Minister 607.00 - 607.00 Assistant Staff 9,106.00 - 9,106.00 Parsonage 3,988.72 - 3,988.72 Church Running 13,751.47 - 13,751.47 Church Hall Running 13,485.36 - 13,485.36 Church Maintenance - - - Church Hall Maintenance - - - Kidz Church 1,001.67 - 1,001.67 Social events 606.78 - 606.78 45,860.77 - 45,860.77 Church management and administration Major Building Works - 18,488.10 18,488.10 Office Expenses and Supplies 1,577.24 - 1,577.24 1,577.24 18,488.10 20,065.34 Bank charges Bank charges 58.43 - 58.43 58.43 - 58.43 Fund Transfers To Mission Partner Support Fund 15,000.00 - 15,000.00 To Buildings Fund 12,238.19 - 12,238.19 To Hardship Fund 5,000.00 - 5,000.00 32,238.19 - 32,238.19 95,882.53 56,544.15 152,426.68 |
Unrestricted Restricted Total Funds Funds 2024 £ £ £ Resources Used Grants - Charitable Giving and Missionary Charitable Giving 8,319.50 - 8,319.50 Mission Training Support - - - Outreach Activities 7,828.40 - 7,828.40 Mission Partner Support - 25,583.05 25,583.05 Impact Fund - 7,473.00 7,473.00 Hardship Fund - 5,000.00 5,000.00 16,147.90 38,056.05 54,203.95 Directly relating to the work of the Church Ministry Diocesan Contribution 2,317.00 - 2,317.00 Deanery 20.00 - 20.00 Clergy 976.77 - 976.77 Associate Minister 607.00 - 607.00 Assistant Staff 9,106.00 - 9,106.00 Parsonage 3,988.72 - 3,988.72 Church Running 13,751.47 - 13,751.47 Church Hall Running 13,485.36 - 13,485.36 Church Maintenance - - - Church Hall Maintenance - - - Kidz Church 1,001.67 - 1,001.67 Social events 606.78 - 606.78 45,860.77 - 45,860.77 Church management and administration Major Building Works - 18,488.10 18,488.10 Office Expenses and Supplies 1,577.24 - 1,577.24 1,577.24 18,488.10 20,065.34 Bank charges Bank charges 58.43 - 58.43 58.43 - 58.43 Fund Transfers To Mission Partner Support Fund 15,000.00 - 15,000.00 To Buildings Fund 12,238.19 - 12,238.19 To Hardship Fund 5,000.00 - 5,000.00 32,238.19 - 32,238.19 95,882.53 56,544.15 152,426.68 |
|---|---|---|
| 32,238.19 - 32,238.19 95,882.53 56,544.15 152,426.68 |
7 | P a g e
| Balance Incoming Resources Balance 31-Dec-23 Resources Used 31-Dec-24 £ £ £ £ 7,124.51 100,210.94 95,882.53 11,452.92 4,251.80 21,331.25 25,583.05 - 2,037.59 9,200.49 7,473.00 3,765.08 45,424.64 12,238.19 18,488.10 39,174.73 2,125.90 5,000.00 5,000.00 2,125.90 |
53,839.93 47,769.93 56,544.15 45,065.71 60,964.44 147,980.87 152,426.68 56,518.63 |
|---|---|
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Fund Movements Unrestricted General Fund Restricted Mission Partner Fund Impact Fund Building Fund Hardship Fund
6
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St Paul's Church, Hadley Wood Notes to the Financial Statements At 31st December 2024
| 2023 £ 7 Debtors & Prepayments 3,823.03 Tax recoverable on voluntary income 3,537.38 Prepayments 7,360.41 8 Cash at bank and in hand 57,104.03 Balance on current account and in hand 57,104.03 9 Amounts falling due within one year - Trade creditors 3,500.00 Deferred income 3,500.00 |
2024 £ 5,517.62 3,738.00 |
|---|---|
| 9,255.62 | |
| 69,098.01 | |
| 69,098.01 | |
| 18,335.00 3,500.00 |
|
| 21,835.00 |
9 | P a g e
St Paul's Hadley Wood Year End Accounts 2024 Final
Final Audit Report
2025-05-07
Created: 2025-05-07 By: Hope Davis (hopejordan_2000@yahoo.com) Status: Signed Transaction ID: CBJCHBCAABAARRjIE9IkcqIielCotSGYRYXmGzcTqrW8
"St Paul's Hadley Wood Year End Accounts 2024 Final" History
Document created by Hope Davis (hopejordan_2000@yahoo.com)
2025-05-07 - 12:26:16 PM GMT- IP address: 31.104.105.88
Document emailed to sam@stpaulshadleywood.org for signature
2025-05-07 - 12:26:21 PM GMT
Document emailed to david.hawkins@remediumcapital.com for signature
2025-05-07 - 12:26:21 PM GMT
Document emailed to hopedavis@koromanti.co.uk for signature
2025-05-07 - 12:26:22 PM GMT
- Email viewed by sam@stpaulshadleywood.org
2025-05-07 - 12:35:19 PM GMT- IP address: 89.242.86.190
- Email viewed by david.hawkins@remediumcapital.com
2025-05-07 - 12:54:02 PM GMT- IP address: 172.226.0.1
- Signer david.hawkins@remediumcapital.com entered name at signing as David Hawkins
2025-05-07 - 1:20:29 PM GMT- IP address: 86.182.110.252
Document e-signed by David Hawkins (david.hawkins@remediumcapital.com)
Signature Date: 2025-05-07 - 1:20:31 PM GMT - Time Source: server- IP address: 86.182.110.252
- Signer sam@stpaulshadleywood.org entered name at signing as Sam Ashton
2025-05-07 - 3:15:34 PM GMT- IP address: 89.242.86.190
Document e-signed by Sam Ashton (sam@stpaulshadleywood.org)
Signature Date: 2025-05-07 - 3:15:36 PM GMT - Time Source: server- IP address: 89.242.86.190
- Email viewed by hopedavis@koromanti.co.uk
2025-05-07 - 5:51:21 PM GMT- IP address: 142.250.32.41
- Signer hopedavis@koromanti.co.uk entered name at signing as HD
2025-05-07 - 5:52:15 PM GMT- IP address: 31.104.105.88
- Document e-signed by HD (hopedavis@koromanti.co.uk) Signature Date: 2025-05-07 - 5:52:17 PM GMT - Time Source: server- IP address: 31.104.105.88
Agreement completed.
2025-05-07 - 5:52:17 PM GMT