PAfrf)CfrlAL CHIAICH Co1￿1CL OF STPAIXS CHLIICH. CLAPHAM REPORTOF THE 7RL￿rEES- 2024 The Parochial Church Councll of St Paul's Church. Clapham (the"PCfl, Is a corporate body est3bllshed bythe Church of England. The PCC operate5 under the Parochial Church Council (Powvsl Measure 1956, as amended, and the Church Representstion Rule5 and is also registered w7th the Charity Comnwssion with charity number 1172605. This report ¢overs the year ended 31st December 2024. OBJECINES AND ACTIV￿ FOR THE PiHIC BENEFrr St Pouls prinapol mission in ourporish in the heart of Claphom 15 to provide a pla￿ of ￿elCoM[n9 Anglio7n ¥wrship in o modem cothollc tmdltlon. The PCC has the responsibility of suppoffjnq our Wcar Rev. Conon Jonathon Boordmon and monaglng the wder team that works with him, promodng in the ecclesiostlcol parish the whole mi551on of the Church, postoml, sodal and ecumenicol. ACHIEVE￿NTs, PERFORMANCE AND FunNIE PLANS During 2024 St Paul'5 continued to fv￿5 on spiritual gro%th, gmwlng the congregatlon ond almlnq to develop parfsh ond wlder communlty Ilnks. We belleve thot there is a strong opportunity to n7i5e ourprofile within Clophom as a church with a deuroffering. We need to see groth In the conqregatlon as a prfortty, In particulormore youngfvniilies but wlthoutbecomlng reP￿SentatIVe of one sertlon of sodety to the exduslon ordlscoumgement of another. St Poul's Is committed to treasuring God's creatlon though our commltment to envimnmentol sustolnablllty ond Eco-churth (fvrwhlth k4t hove o silver0￿17rd). As ￿￿11 a5 ourcommltment to supportinq the Eden Natu￿ gardenfvr the benefit of the communlty In part of ourburial ground, we oqoin held o Biq Green Day In 2024 05 afree eco-thenyd eventdfo￿ng In the locol community. FINANCIAL REVIÉW AND RESERVES POLKY In 2024. St Poul's contlnued to benefftfrom the generous glvlng of the ChU￿h s mony supportets w*lch much ossists the ￿lIk of St Pouls. It 0150 P055ible in 2024 On￿ again to ominge both a SummerFolrond o AklvemberBonfl￿ Porty. eoch of w*lch ts on Important wtlmmlnq andfvnd-mlslng eventfvrStPoul For 2024, St Paul's voluntary Income (includlng tax reclaimed)ftll to £94,262from £100,543 In 2023. Incomefrom eventsfrll to £20,654from £22.200 In the prevlou5 yeor. Church and holl user contrlbutlons rose to £52,089from £45,348 In 2023. Investment ond parishftes Income rose to £11,478from £8,953, mainly refiecting continulng hlgh interest rates. Total PCC income in 2024ft11 marglnolly to £178,483, from £178.702 In 2023. Totol PCC expendltts￿ In 2024ft11 to £180,537. compared to £193,792 In the prevlous year Thtsfvll refieded on decwse in expendlture on majorrepai￿ to the thuffh, which £6,719 and had totalled £22,382 In 2023. All Other￿gUlar PCC outgolngs in 2024 bmodly cvmparable to the previous year with sonE in(Ta7se5 relle¢*ng incre05e5 and on inrnse in the contribution to the Porish Support Fund. ExpendItU￿ Induded o high level of qiving byst Paul's to o wide mnoe of othera>uses ot £16.2981E20.457 in 2023). Thls total olgiving in 2024 induded o gmntoA£12,480 to Eden Noture Garden (a UK registered tharity No 1055769). Hen￿ In ovemll tenF4 St Pours IncvnEd a defiatof £2.054 in 2024. t￿mpored to o defvit of £15,090 the yearbefore. Thi5 2024 deficytresulted In on de¢yeose in PCC fvÈt Fund5 at 31 lknember2024 to £201.825,from £203,879 at the end of 2023. Of the 2024 pcc AÈtFunds, £188,896 15 held in the Geneml Fund. ￿ £10.733 in the Churrh & Churthyord Deslgnated Fund and £2,196 in tkw smoll Restrfcted Funds. Glven that all the PCC5 Funds are held In cash orotherllquld assets, the Pcccontlnues to be in a resilientfinonaol position to oddres5 itsfuture misslon. Page 1 In the General Fund the PCC aims to hold a minimm of slx months, regular outgoings. which for 2024 approxlmatdy £80,OQO, {2023 £70,000). This vtss wd I covered by the leiel of the General Fund. RISK MANAGEMENT The PCC seeks to Identlfy and to mltlgate the key risks that it encounters i n al l aspects of the actlvltles of St Paul's Church. Thls Incl udes risks to the spi ritual l ife, financial matters. meeting ststutory and le8al requi rements, operations and reputstlon. The PCC plans to revie¥V oncea year each area of r15k. The PCC did ho￿er consider safeguarding atall its meettngs and in 2024 St Paul's marked Safeguardingsunday rdnforcing safeguadin8 r￿sageS to thecongregation as a tholeas part of its commltment to beinga 5afechurch. GOVERNANCE AND MANAGEMENT The members of the PCC (all ofwhom are also thecharlty'5 trustees) vtho acted durlngtheyear vme as foll0v￿.. Rev. Canon Jonathan Boardman (Vicar and Chal r of the PCCI R￿. Chidi Mbunade Judith Betts Jonathan Blggs (to 12 May 20241 Anthea Bishop Michellecameron Charlotte Capstick (from 12 May 20241 Rod Clark Robert Cowl Nlgel Dalerf (to 12 May 2024) Tristram Hol l and Stephen Lynch (from 12 May 20241 Stscey McEwan Michael McNish {to 30 June 2024) Rosemary Palmer {to 4 November 20241 Sylvia Philips Anna Road5 Susan Roberts Ellsabeth Robi nson Nicholas Strachan Certsl n PCC members are appolnted eK-officio le.g. our Vicar, other clergy and the ChurthvRrdensl. Other PCC members are elected attheAnnual Parochial Church Meeting. Al members are inducted informally by the existing and past PCC members. Strateglc decisions are made by PCC members at meetlngs ofthe PCC and policy is carried out by a smaller PCC Stsnding Committee, by indivldual PCC members and by volunteers. The PCC mai ntains wvrki ng I Inks with a wlde range of other local charitsble and other organisatlons. KEY MANAGEMENT PERSONNEL REMihVERAmON PCC members consider that they represent the ￿ management personnel of the charity, in char8e of dirert6ng and controllin& runningand operating St Paul's church, Clapham on a dayto day basis. All PCC members giveof their timefreely and no PCC member received any remuneration from the PCC during the year. in reSp￿t of their PCC membership duties. One PCC member was employed part-tiff* by the PCC to undtytake duties unconnÉrted wth PCC membership duties. Page 2 PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH. CLAPHAM STATE￿NT0F TRU5fEES' RESPONSIBILrnE5 Members of the PCC are responslble for preparing this report of the Trustees and these Financlal Ststements in accordance wlth appllcable law and Unlted Klngdom Accountingstsndards. The lawappllcableto charities in England and Wales requlres members of the Pccto preparÈflnantial ststements for each financlal year which give a true and fair view of the PCC'S financia l activltles durl ng the year and of its financlal p05ition at the end of the year. In preparing those Financial Ststements, members ofthe PCC are required to: Select suitable accounting pollcies and then apply them conslstently,. Observe the rthods and principles in the Charitie5 SORP; Makejud8EThents and estimates that are reasonable and prudenL' State whether applicable accoundn8 stsndards and ststements of recommended practlce have been followed, subject to any departures dlsclosed in thea¢counts and ￿plaIned in thefinanclal ststements,. Preparethe financial ststsments on the going concern basis unless it is inappropriats to presumethat the charlty will continue In operation. PCC members are responsible for keeping proper accounting records which disclose with reasonable accuracy the flnancial positlon of the PCC and which enablethem to ensurethatthefinancial statements complywlth the Charitles Act 2011 and the appll¢ableCharity Ikcounts and Reports) Regula￿On$. They are also respon5iblefor safe8uaTdlng the assets of the PCC and hence for tski n8 reasonable steps for the preventk*n and detectlon of fraud and other I rre8ulaTlties. The trustees are responslblefor the malntenance and Int￿rIty of the charlty and flnanclal Informadon Included on the vRbslte of St Paul's Church, Clapham. Address for correspondence Parlsh office St Paul's Church Rectory Grove Clapham London SW4 ODZ R￿. Canon Jonathan Boardman Vlcarand ChalrofthePCC 6th April 2025 Page 3 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, CLAPHAM** I report to the Parochial Church Council on my examination of the financial statements of St Paul's Church, Clapham ("the charity"), for the year ended 31 December 2024, set out on pages 5 to 13. ## **Responsibilities and basis of report** As the members of the Parochial Church Counci I you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ("the 2011 Act") and the Church Accounting Regulations 2006 governing the individual accounts of Parochial Church Councils. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(S)(b) of the 2011 Act. ## **Independent Examiner's statement** I have completed my examination. I confirm that no 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 charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or - 3 the financial statements 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 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 financial statements to be reached. ## **NEGAR GHAFFARI FCCA** 11 April 2025 For and on behalf of WSM Advisers Limited Certified Chartered Accountants Connect House Certified 133-137 Alexandra Road Wimbledon London SW19 7 JV Page4 PAROCHIAL CHURCH COUNCIL OF 5r PAUL'S CHURCH. CLAPHAM srATEMENTOF FINANCk4L ACTNMES YEAR TO 31sr DECEMBER 2024 2024 2024 2024 2024 2023 Note 2 General Deslwed Fund Fund Restrlrted Funds Tot Total Notes INCOME Voluntsry Income tivities for generating funds User cont.'s and costs recharged Incow£ from i nvestments Incorr£ from charltsble actlvitfes Other Income 94,262 20.654 47,509 8,978 2,500 94,262 20,654 52,089 8,978 2.500 100,543 22,200 45,348 7,215 1,738 32 33 3A 4,580 173,903 4,580 178,483 178,702 EXPENDMJRE Cost of 8eneratlng funds Glvi ng bv St Paul's Church Mlnistry Worshlp Adminlstration Church & Churchyard 7,038 16,178 74,452 12,616 29,130 34,284 173,698 7,038 16,298 74,452 12,616 29,130 41,002 180,537 8,557 20.457 70,490 13,667 23.084 57,536 193,792 120 4A 4J 6,719 120 NET INCOME/(EXPENDfruRE) 205 12,1391 11201 12,053.511 115,0901 FUND TRANSFERRED FROM SPCC 42,641 FUNDS BROUGHf FORWARD 12 188,691 12,872 2,316 203.879 176,328 FlmDS CARRED FORWARD 188 896 201825 203 879 l transactlons are derived from continulng actlvitie5. Page 5 PAROCHIAL CHURCH COUNCIL OF sr PAUL'S CHIMH. aAPHAM BALANCE SHEET AS AT 315r [￿EMBER 2024 2024 2023 Notes CURRENT ASSErs Debtors Due from Eden Nature Garden (formerly SPCC) Cash atbank 9,550 16,725 41.275 153,241 211,242 196,440 205,990 LIABILMES Creditors.. knounts fa I l i n8 due In one year 4.165 7,363 TOTAL NEf FUNDS 201825 203 879 Represented by: DESIGNATED FUND Church & Churchyard Fund io 10,733 12,872 IIEsTricfED FUNDS Grovln8 Leaders Fund Lifellne Fund li li 1,243 953 1,243 1,073 2,196 2,316 GENERAL FUND 188,896 188,691 201825 203 879 These Flnancial Ststements wereapproved bythe Parochial Church Council on 6th Aprll 2025 and signed on Its behalf by: nJ4 CLL Rod Clark PCC ChurdThvarden Notes I to 13 form pa rt of these Fl nancial Statements. Page 6 PAROCHIAL CHURCH COUNCIL OF ST PAiL'S CHURCH, CLAPHAM NOTES TO THE FINANCIAL sfATEMENT5- YEAR ID 315r DECEMBER 2024 ACCOUNTING POLICIES Basls of Accountlng The PCC is a public benefit entity within the rneaning of FRS102. Thefinancial ststements have been prepared under the Charities Act 2011 and in accordancewith the Church ￿cOunting Regulations 2006 8overningthe Individual accounts of PCCS, a nd with the Regulatlons, "true and falr VI￿ provisions, together with FRS102 120221 as the applicable accountSng standards and the 2019 version of the Statement of Recommended Prattice, counting and Repordn8 by Charities {SORP {FRS102}l. The flnancial ststsments have been prepared under the historica I cost convention. Desl8nated Funds arethosewhlch the PCC has received or generated and whlch have been deslgnated by the Pccto be applied over timeto a specific object. Any balance remaining unspentover time may be rede5ignated by the PCC to the General Fund. Restrlcted Funds represent donatlons recelved for a speclflc object or i nvited by the PCC for a specific obJect. Thefunds may only be expended on thespeclflc objectfor which th￿Weres1ven. Any balanceremainlng unspent at the end of each year must becarried for￿ord as a balanceon thatfund. The General Fund I ncludes general funds whlch can be used for PCC ordlnary purposes. Income Re0J￿It10n Regular glvln& collecfjons and slmilar donattons are reco8nized when recelved. Tax reclal med on giving is reco8nized at the same time as the donations to which it relates. Grants and legacies are accounted for when the PCC Is legally entitled to the amounts due. Dlvldends and interest a re accounted for when recelvable. l other income Is recognlzed when it is recdvable. All i ncomi ng resources are accounted for gross. Expendlture Reco8nttlon Grants and donadons are accounted for when paid over, or when awarded, If thataward creates a binding or constructive obligation on the PCC. Parish Support Fund contributlons are accounted for when due. l other e¥pendlture is generally reco8nized when it is incurred and Is accounted for gross. Flxed Assets Consecrated and beneficed property is not i ncluded in the accounts in accordance with s.1012lla) and Icl of the Charities Act 2011. Moveablechurch furnlshlngs held bythevlcar and churCh￿dfdens on speclal trustfor the PCC and which require a faculty for disposal are inalienable property and listed in the church's Inventory, thl)Ich can be inspected atany reasonabletime. Equlpment used wlthin the church premlses and certain renovatlons to those premlse5 are capitsl Ised a nd depreciated on a straight l i ne basi5 over four years. Indlvldual Item5 of church equipment ￿￿th a purchase prlce of under £2.500 areexpensEyJ when acquired. Baslcfinandal asset$ Basi c financial assets. which incl ude debtors and cash and bank balances, are i nitially measured at transaction price incl udlng transaction costs and are subsequently carried at amortised cost using the effective interest method unless thearrangement constitute5 a financingtransaction. wherethetransaction is measured atthe present value of the future recei pts dlscounted at a market rate of i nterest. Fl nancial assets classified as recelvable wlthln oneyear are notamortlsed. Basic )Inandal liabllliles Baslc financial Ilabilities incl udi ng creditors are i nitially reco8nised at transaction prlce unless the arrangement constitutes a financing transaction, vthere the debt i nstrument is measured at the present value of the future Page 7 payments discounted at a market rate of interest. Financial liabilities classlfied as payable wthin one year are not amortised. Trade treditors are obligations to pay for goods or servlces that have been acquired In the ordi nary course of operations from 5uppI lers. Amounts payable 3 re classified as current Ilabi l ities if payment is due wthi n one yea r or less. If not, they are presented as non-current liabilities. Trade creditors are recognlsed Inltially at transaction price and subsequently measured atamortised cost usingtheeffective intsrest method. Flnandal instruments The PCC has dected to applythe provisions of Section Il'Ba5ic Flnancial Instruments, and Section 12 'Other Financial I nstruments Issues, of FRS 102 to all of its financlal i nstruments. Financial instruments are recognised In the PCC'S balancesheetwhen the PCC become5 partyto the contractual provisions of the In5trumenL Fi nancial assets and liabilitie5 are offset, with the net arrth)unts presentsj i n the flnancial Statements, when there15 a legal ly enforceable rlght to set off the recognlsed amounts and there is an i ntention to settle on a net ba515 or to reallse the asset and settle the Ilabl Ilty sl multsneously Goln8 mnorn At the tlme of approvlng the financlal statements, PCC members have undertaken an assessment ofthe adequacy of the resources availableto the PCC. PCC members have a reasonable elpectstlon the PCC has adequate resource5 tt) continue i n operational existence for the foreseeable future and accordlngly continue to adopt the 801 ng concern basis of accountlng in prepari ng the flnancial ststements. PRESENTATION OF ACCOUNT5 Duri ng 2023 agreefftht was reached between the PCC and the trustees of the association re8iStered with the Charlty Commission wlth number 1055769 lthen known as St Paul's Communlty Centre I'SPCC'I butsinceas Eden NatureGarden, at St Paul's Clapham {"Eden Nature Garden")), for SPCC to tra nsfer mana8ement of the communlty hall wlthln St Paul's church, Clapham. backto the Pccwth effectfrom l April 2023, together wlth SPCC'S communlty hall fund, whlch at l Aprll 2023 stood at £48,722. Net of arrK>unts owed by the PCC the balance of the communlty hal I fund due from Eden Nature Garden to the PCC Stood at £41,275 at 31 December 2023 a nd thls vrds settled in ful I In cash on 29th January 2024. As also descrl bed In the Trustees, Reporl the Pccdeclded for 2023 to deal wlth the results of thecommunlty hall as Ifthetransfer had been effected as of l January 2023. This is because in its financial statements SPCC had hlstorlcally dealt with the si8nificant levd of buildl ng mana8ement costs recharged to SPCC by the PCC one quarter In arrears and a150 because thls presentstion for the full year 202315 much mre useful for present and future readers of the PCC'S flnancial ststements. AdJustln8 In the quarter ended 31 March 2023 for communlty hall user contrlbutlons and Interest of £10,066, sundry hall eypenses of £865 and transfers to SPCC'S communlty8arden fund totsllin8 £3,120. thls results In a deemed transfer of the5PCC community hall fund as at I January 2023 of £42,641. Page 8 PAROCHIAL CHURCH COUNCIL OF sr PAUL'S CHLKH. CLAPHAM NOTES TO THE FINANCIAL 5fATENENTS YEAR ID 315r DECEMBER 2024 2024 2024 2024 2024 2023 Note 2 General Designated Fund Fund Restrkted Funds Total Total INCOME 3.1 Voluntary Income Regular giving Other givi ng and col lectfons Donations Tax reclaimableon glving 69,743 4,209 2,372 17,938 94,262 69.743 4,209 2,372 17.938 94,262 71,391 7,119 3.205 18,829 100,543 3,2 Actlvliles for generatln8 funds Summer Fair Bonfire Party Other events 8,249 11,805 600 20,654 8,249 11,805 600 20,654 10,618 11,582 22,200 33 User contrlbutlons and costs rethar8ed Church user contribu￿0￿$ Communlty Hall user contrlbutlons 4,580 4,580 3,794 47,509 4,580 52.089 45.348 3A Income from Investments Bank ènd other Interest 8,978 8,978 7,215 35 Income from tharltable actlvftlel Parochlal fee5 2,500 2,500 1,738 3.6 Other Income Grants Other 1,659 1,659 TOTAL INCOME 173 903 178 483 178 702 Page 9 PAROCHIAL CHURCH COUNCIL OF sr PAUL'S CHiMCH. CLAPHAM NufES TO THE FINANCIAL $fATEv￿TS YEAR TO 315r DECEMBER 2024 2024 2024 2024 2024 2023 Note 2 General DeSI￿ed Fund Fund Restrlcted Funds Total Total Notes EXPENDrriAIE 4.1 Cost of generailng funds Summer Fair Bonfire Party Other events 1,220 4,771 1,220 4,771 1,047 7,038 2,812 4,746 1,000 8,557 7,038 42 Glvlng by St Paul's Churth Selected charitles Grant to Eden Nature Garden 3.698 12,480 16,178 120 3,818 7,977 12,480 20.457 120 16,298 43 Mlnlstry Parlsh Support Fund Clergy e