PAROCHIAL CHURCH COUNCIL OF 5T PAUL'5 CHURCH, CLAPHAM REPORT OFTHE TRUSTEES- 2025 STRucfuRE The Parochial Church Council of St Paul's Church, Clapham (the "PCC'I, Is a corporate body e5tabli5hed by the Church of England. The PCC operates under the Parochial Church Council IPower51 Measure 1956, as amended, and the Church Representation Rules and is also registered with the Charity Commission with charity number 1172605. Thls report Covers the year ended 31st December 2025. OBJEcfivES AND ACTIVITIES FOR THE PUBLIC BENEFIT St Pauls principal mission in ourparish in the heart of Clopham Is to provide o plcce of welcoming Anglicon worship in o modern cotholic tradition. The PCC has the responsiblllty of supporting our Vicar Rev. Canon Jonathon Soardmon ond managing the wider teom thot works with him. promoting in the ecclesiastt'cal parish the whole mission of the Church, postorol, sociol und ecumenicol. ACHIEVEMENTS, PERFORMANCE AND FUTURE PLANS Durlng 2025 St Poul'5 continued tofvcu5 on 5pirltuol growth, growlng the congregotlon and olmlng to develop purlsh ond wlder community link5. We believe that there is a strong opportunity to roise our profile within Clapham, os a church with a clear offering. We need to see growth in the congregotion as a priority, in particulor more youngfamilies, but without becoming representotive of one section ofsociety to the exclusion or discourogement of another. St Poul's is committed to treosurlng God's creotion though our commitment to environmental 5UStainability ond Eco-church (for which we hove o silver owordj. As well as our commitment to supporting the Sden Nature gardenfor the benefit of the communlty In port of our burlGrl ground, we ogaln held u Blg Green Day in 2025 us afree eco-themed event drowlng in the locol community. FINANCIAL REVIEW AND RESERVES POLICY In 2025, St PGTUI'S continued to benefitfrom the generou5 glving of the church's many supporters, whlch much asslsts the work ol St PGul's. It wos also posslble in 2025 once ogoln to orronge both o Summer Fulr and a November Bonfire Party, et7ch of which Is on Importont welcomlng ondfund-roislng eventfor St Poul 5. For2025. St Pauls voluntory Income (including tux reclalmedj rose to £101,236from £94,262 in 2024. Incornefrom events rose to £24,302from £20,654 In the prevlous year. Church und hull user contributfons rose to £53,023from £52,089 in 2024. Investment ondporishfres incornefell to £9,IOOfrom £11,478. Total PCC income in 2025 rose to £189,088. from £178,483 in 2024. Totol PCC expenditure In 2025 rose to £190,849, compored to £180,537 in the previous yeor. This rise reflected an increose in expenditure on mujor repolrs to the church, which were £8,960 ond had totolled £6,719 In 2024. Most other regulor PCC outgoings in 2025 were broodly comparoble to the previous yeor with some incre175e5 reflecting wage increoses and an inflotionory increose in the contribution to the Parish Support Fund. However in 2025 there was an exceptionol demand to cover o period of long-term 5ickne55for our Parish Administrator as she underwent majorsurgery. Thls Involved the temporary employment of o purt-time adminlstrator to provlde coverfor the absence ond some other consultancy costs. Altogether the total costs of thls were Just In excess of £4,100. Happlly our Purlsh Admlnlstrotor hos been cble to make a return to work by the end of the yeor. Expenditure included giving by St Poul's in 2025 to o ronge of other causes of £14.526 (£16.289 in 2024). This totlyl included o grant of £12,480 to Eden Nature Garden, GTt St Poul's Clopham (u registered chority No 1055769). Hence In overall terms. St Poul's incurred t7 deficit of£l,760 in 2025, compored to a defi'cit of £2,054 the yeor before. This 2025 deficit resulted in un decrease in PCC Net Ftsnds at 31 December 2025 to £200,065, from £201,825 ot the end of 2024. Of the 2025 PCC Net Funds, £192.322 is held in the Generol Fund, with £5,856 in the Church & Churchyard Design(Jted Fund and£l,887 in two small Restrirted Fund5. Given that oll the PCC'S Net Funds ore held in cash or other liquid ossets. the PCC continues to be in o resAlientlJnGnciol position to ¢iddress itsfuture mission. In the General Fund the PCC aims to hold a mlnimum of slx month5, regular outgoings, which for 2025 was approxlmately £85,000.12024 £80,000). This was well covered by the level of the General Fund. Page 1
PAROCHIAL CHURCH COUNCIL OF PAUL'S CHURCH, CiAPHAM RISK MANAGEMENT The PCC seeks to identify and to mitigate the key risks that it encounters in all aspects of the activities of St Paul's Church. Th15 include5 risks to the 5piritua5 life, financial matters, meeting statutory and legal requirements, operations and reputation. The PCC plans to review once a year each area of risk. The PCC considered safeguarding at all its meetings 2nd in 2025 St Paul's held an excellent half day training on safeguardlng at a parish awayday at St Katherine'5 Foundation in January as part of its commitment to being a safe church. GOVERNANCE AND MANAGEMETr The members of the PCC (all of whom are a150 the charity's trustees) who acted during the year were as follows.. Rev. Canon Jonathan Boardman Ivicar and Chair of the PCCI Rev. Chldl Mbunade Rev Daniel Grayson Judith Betts Anthea Bishop Michelle Cameron-Knox Clare Chalmers Rod Clark Robert Cowley Nicholas Curtis Charlotte Hendrie Roger Hird Tristram Holland Eleanor Kempsey Stephen Lynch Stacey McEwan Sylvia Philip5 Anna Roads Susan Roberts EIIs8beth Roblnson Nichola5 Strachan Certain PCC members are appointed ex-offlcio le.8. our Vicar, other clergy and the Churchwardensl. Other PCC members are elected at the Annual Parochial Church Meeting. All members are inducted informally by the existing and past PCC member5. Strateglc dec1slons are made by PCC members ar meetfngs of the PCC and pollcy Is carried out by a smaller PCC Standlng Committee, by individual PCC members and by volunteers. The PCC maintains working link5 Wlth a wide range of other local charltable and other organlsatfons. KEY MANAGEMENT PERSONNEL REMUNERATION PCC members consider that they represent the key management personnel of the charity, in charge of directing and controlling, running and operating 5t Paul's church, Clapham on a day to day basis. All PCC members glve of thelr time freely and no PCC member received any remuneration from the PCC during the year, in respect of their PCC membership duties. One PCC member wa5 employed part-time by the PCC to undertake parish administration duties unconnected with PCC membership duties. STATEMENT OF TRUSTEES, RESPONSIBILITIES Members of the PCC are responsible for preparing this report of the Trustees and these Financial Statements in accordance wlth applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires members of the PCC to prepare financial statements for each financial year which give a true and fair view of the Pcc's financial activities during the year and of its financial position 3t the end of the year. Page 2
PAROCHNL CHURCH COUNCIL OF ST PAUL'S CHURCH, CLAPHAM In preparfng those Flnandal Statements, Membe of the PCC are requiredto- Select5Uitable accountlng pollcles and then 2pply them tonslstentty, Observe the methods and prinaples in thÈ Charitie550RP: Make judgements and estim3te5that Are reasonable and prudent. Stste whether applicable accounting standard5 Bnd statements of recommended prartite have been fo15owed. subject to any departures disclosed in the accounts and explained in the financial statements: Prepare the financi31 statements on the goin8 concern ba515 unless it is inappropriate to presume thatthe charity will coniinue In operatton. PCC mèmbers are responslble for keeplng proper accounting records which disd05e with reasonable accurdcy the financlal position of the PCC and which enable them to ensure that the financlal ststements comply with the Charities Att 2011 and the applicable Charlty (Account5 and Reports) Regulat10. Theyare also responsible for safeguarding the assets of the PCC and hen for takin8 reasonable steps forthe prevention and detection of fraud and other Irregularitie5. The trustses are responsible for the maintenance and integrtyof the tharity and financial Informatlon Included on thewebsite of St Paul's Church, Clapham. Addre55 for COTre5pondence Parlsh office St Paul's Churth Rectory Grove Clapham London SW4 ODZ Rev. Canon Jonathan Boardman Vl(arand Chalr of the PCC 22nd March 2026 Page 3
INDEPENDENT EXAMINER'S REPORT TOTHE PAROCHIAL CHURCH COUNCJL OF ST PAUL'S CHURCH, CLAPHAM I report tsy the Parochial Church Council on my examination ofthe finantial statements of St Paul's Churth aapham 1.the charirf). fow the year ended 31 Dember 2025. set out on pages 5 to 14. Respohslblllties and basis of report Asthe members of the Pdrochial Church Councilyou are responslble forthe prep3ration of the financtal strdtements in accordance with the requirements of the CharitiesArt 2011 (he 2011 Act") and the Church Accounting Regulat5ons 2006 governing the individual accounts of Parochlal Church Councl]% I report In respect of my examlnation of the charlts flnanclal ststements carried out undersecilon 145 of the 2011 and In carrylng out my examlnlon I have followed all the èppllcable Direaions glven by the Charlty Cemmlsslon under secifDn 1451511bl of the 2011 Act. Indep•nd*nt Examinerfs statement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connectlon with the examination giving me cause to believe that In an¥ mztErial respect: accountlng re¢ords were not kept in respert of the chorfty as ffequired by secdon 130 of the 2011 Act: or the financial ststements do not attord wlth those records: or the finandal ststements do not comply with the applicable requlrements concemingthe form and content Df accounts set out Sn the Charkle5 IAccounts and Reports) Re8ulotlons 2008 other than ony requlrement that the accounts give a true and falr vtew which 15 not a matter consldered as part of an Independent examlnation. I have no concems and have come across no other matters in connection wlth the examlnatlon to whlch attenfjon should be drawn In thls report In order to enable a proper understanding ol the financial statements to be reached. MARK POTfER MA DlpArch RIBA FRSA 90 Balham Grove London SW12 8BE 9th March 2026 Page 4
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, CLAPHAM STATEMENT OF FINANCIAL A1VITIEs YEAR TO 31ST DECEMBER 2025 2025 2025 2025 2025 2024 General Deslgnated Fund Fund Restrlcted Funds Total Total Notes INCOME Voluntary Incorne Actfvltie5 for generating fund5 Church & Hall user contribUonS Income from Investrnents Income from charltable acfjvlyes Other income 101.116 24,302 48,940 7,347 1,753 1,427 184,885 120 101,236 24,302 53,022 7,347 1,753 1,427 189,088 94,262 20,654 52,089 8,978 2,500 4,083 4,083 120 178,483 EXPENDITURE Cost of generating funds Giving by St Paul's Church Ministry Worshlp Administration Church & Churchyard 7,358 14,098 80,118 12,450 31,466 35,969 181,459 7,358 14,527 80,118 12,450 31,466 44,929 190,848 7,038 16,298 74,452 12,616 29,130 41,002 180,537 429 8,960 8,960 429 NET INCOMEIIEXPENDITUREI 3,426 14,8771 13091 11,7601 12,0541 FUNDS BROUGHT FORWARD li 188,896 10,733 2,196 201,825 203,879 FUNDS CARRIED FORWARD 192 322 200 065 201825 All transactions are derived from continuing activities. Page 5
PAROCHIAL CHURCH COUNCIL OF PAUL'S CHURCH, CLAPHAM BALANCE SHEAs AT 31ST DECEMBER 2025 2025 2024 Note5 CURRENT ASSETS Debtors and prepayments Cash at bank 11,205 191,907 203,113 9,550 196,440 205,990 LIABILITIES Creditors: Amounts falling due in one year 3,048 4,165 TOTAL NEf FUNDS 200 065 201 825 Represented by: DESIGNATED FUND Church & Churchyard Fund 5,856 10,733 RESTRICTED FUNDS Growin8 Leaders Fund Llfeline Fund io io 1,243 644 1,243 953 1,887 2,196 GENERAL FUND 192,322 188,896 200 065 201825 These Financial Statements were approved by the Parochial Church Council on 22nd March 2026 and signed on its behalf by.. ROD CLARK PCC Churchwarden Notes I to 12 fomi part of these Financial Statements. Page 6
PAROCHIAL CHURCH COUNCIL OF sr PAUL'S CHURCH, CLAPHAM NOTES TO THE FINANCIAL sfATEMENTS- YEAR TO 31ST DECEMBER 2025 ACCOUNTING POLICIES Basis of Accounting The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the Individual accounts of PCCS, and with the RegulaOn5' "true and fair vlew" provisions. together with FRS102 120221 as the applicable accounting Standards and the 2019 verslon of the Statement of Recommended Practice, Accountin8 and Reportin8 by charleS ISORP IFRS10211. The flnanclal statements hove been prepared under the hlstorlcal c05t convention. De51gnated Funds are those which the PCC has received or generated and whlch have been designated by the PCC to be applled over t]'me to a specific object. Any balance remaining unspent over time may be redesignated by the PCC to the General Fund. Restricted Funds represent donations received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specSfic object for whlch they were glven. Any balance remalrning unspent at the end of each year must be carried forward as a balance on that fund. The General Fund includes general funds which can be used for PCC ordinary purposes. Income Recognltlon Regular giving, collections and slmllar donation5 are recognlzed when received. Tax reclaimed on givlng is recognized at the same time as the donations to which it relates. Grants and le8acles are accounted for when the PCC Is legally entled to the amounts due. Dlvldends and Interest are accounted for when recelvable. All other Sn¢ome Is recognlzed when it Is recelvable. All incomlng resources are accounted for gross. Expendlture Recognition Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. Parish Support Fund contributions are accounted for when due. All other expendlture Is generally recognSzed when it Is Sncurred and Is accounted for gross. Flxed Assets Consecrated and beneficed property Is not included In the accounts In accordance wlth s.1012llal and (¢1 of the Charities Act 2011. Moveable church furni5hing5 held by the Vlcar and Churchwardens on special trust for the PCC and which requlre a faculty for d15P05al are inalienable property and listed In the church's inventory, which can be inspected at any reasonable time. Equipment used within the church premises and certaln renovations to those premises are capitalised and depreciated on a straight line basis over four years. Individual items of church equipment with a purchase price of under £2,500 are expensed when acquired. Basic financlal assets Basic financial assets, which Include debtor5 and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorti5ed cost using the effective interest method unless the arrangement constitutes a financinE transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Flnancial assets classlfied as receivable within one year are not amorknsed. Basic flnanclal Ilabllltles Basic financial liabilities including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured at the present value of the future Page 7
payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amorhsed. Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordlnary course of operations from suppliers. Amount5 payable are classitied as current liabilities if payment is due within one year or less. If not, they are presented a5 non-current liabilities. Trade creditors are recogni5ed initially at transaction price and subsequently measured at amortised c05t Using the effective interest method. Flnanclal Instruments The PCC has elected to apply the provisions of Section 11 'Basic Financi31 Instruments, and Section 12 'Other Flnanclal In5truments155ues' of FRS 102 to all of it5 financial instruments. Financial instruments are recognised In the PCC'S balance sheet when the PCC becomes party to the contractual provisions of the instrument. Financlal assets and Ilabllliles are offset, wlth the net amount5 presented in the financlal statements, when there 15 a legally enforceable riBht to set off the reco8nised amounts and there Is an intention to settle on a net basls or to reallse the asset and settle the liability simultaneouslv Goln8 concern At the ttme of approving the financial statements, PCC members have undertaken an assessment of the adequacy of the resources avallable to the PCC. PCC members have a reasonable expectation the PCC has adequate resources to continue in operational exlstence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financlal statements. 2025 2025 2025 2025 2024 General Deslgnated Fund Fund Restrltted Funds Total Total INCOME 2.1 Voluntary Incorne Regular givlng Other glving and collecttons Donations and legacies Tax reclaimable on giving 67,776 4,115 12,310 16,915 101,116 67,776 4,115 12,430 16,915 101,236 69,743 4,209 2,372 17,938 94,262 120 120 2.2 Activlties for generatlng funds Summer Fair Bonfire Party Other events 8,863 14,620 819 24,302 8,863 14,620 819 24,302 8,249 11,805 600 20,654 2.3 User contrlbutlons Church user contribution5 Community Hall user contributfons 4,083 4,083 48,940 53,022 4,580 47,509 52,089 48,940 48,940 4,083 2.4 Income from Investments Bank and other Interest 7,347 7,347 8,978 2.5 Income from charitsble actlvlties Parochial fees 1,753 1,753 2,500 Page 8
2.6 Other income Grdnts Other 1,427 1,427 1,427 1,427 TOTAL INCOME 184 885 120 189 088 178 483 2025 2025 2025 2025 2024 General De51gnated Fund Fund Restrlcted Funds Total Totsl Note5 EXPENDITURE 3.1 Cost of generatingfunds Summer Fair Bonfire Party Other events 1,908 4,557 893 7,358 1,908 4,557 893 7,358 1,220 4,771 1,047 7,038 3.2 Glvln8 by St Paul's Church Selected charlties Grant to Eden Nature Garden 1,618 12,480 14,098 429 2,047 12,480 14,527 3,818 429 16,298 3.3 MSnlstry Parish Support Fund Clergy expenses Tralnlng & M1551on 73,200 5,043 1,875 80,118 73,200 5,043 1,875 80,118 70,200 4,142 iio 74,452 3.4 Wor5hlp Organist & Music Organ & Sound malntenance Supplles & Prlnt 9,675 1,004 1,771 12,450 9,675 1,004 1,771 12,450 10,465 216 1,935 12,616 3.5 Administration Staff costs Communication5 & IT Supplies & Equipment Professional fees & Bank charges 23,727 2,124 135 5,480 31,466 23,727 2,124 135 5,480 31,466 18,809 2,006 549 7,766 29,130 3.6 Church & Churchyard Insurance utilities Cleaning wages General maintenance Church & Hall major works Churchyard major works 4,512 7,602 20,656 3,199 4,512 7,602 20.656 3,199 8,960 4,408 8,071 19,286 2,519 6,719 8,960 35,969 8,960 44.929 41,002 TOTAL EXPENDITURE 181459 429 190 848 180 537 Page 9
GIVING BY ST PAUL'S CHURCH 2025 2024 Hlbbert'5 Almshouses Charity Bishop of Southwark's Lent Call: Matebeleland Link Ace of Clubs, Clapham Médecin5 Sans Frontière5 The Robes Project Lifeline (from Restricted Fund) Other 1,000 750 700 870 1,200 650 48 120 50 48 429 STAFF Cosrs 2025 2024 Note 2 Admlnlstration staff Cleanln8 Staff Penslon and soclal securlty costs 22,666 19,738 1,980 17,942 18,437 1.716 During 2025 St Paul'5 Clapham PCC employed two persons part-time plus a further person part Jme for 9 weeks to cover for a perlod of long.term slckness for our Parlsh Admlnlstrator12024 - two persons part-ttmel. DEBTORS AND PREPAYMENTS Tax re¢lalmable vla Glft Ald Income payments in process Church user contributions Ha15 user contrlbutlons due Interest receivable Parochial fees Prepayments 3,350 818 2,397 575 5.416 1,621 3,503 2,079 252 744 CASH AT BANK 2025 2024 Natwest Business Current account Natwest Business Reserve account CBF Church of England Deposlt Fund 10,886.26 21,021.23 160,000.00 191 907.49 2,440 19,000 175,000 196 440 Page 10
CREDITORS 2025 2024 Amounts fallln8 due wlthln one year: Giving due to others Deposits held Accruals 1,150 200 2,815 550 2,498 3048 DESIGNATED FUND 2025 2025 2024 2024 Church & Churchyard Fund Balance brought forward Income: Donations Tax reclalmed Church user contrIbuonS 10,733 12,872 4,083 4,083 4,580 Expendlture: Church major works Churchyard major works 18,9601 16,7191 Balance carrled forward 5,856 10,733 The Church & Churchyard Fund includes donatlons and income deslgnated for Improvement of the church building and curtilage. 10 REsfRicfED FUNDS 2025 2025 2024 2024 Growlng Leaders Fund Balance carried forward 1,243 1,243 Lifeline Fund Balance brought forward Income., Donations Expendlture: Cost of events 953 1,073 120 14291 11201 Balance carried forward 644 953 The Growing Leader5 Fund supports the costs of training church members in the deanery. The Lifeline Fund exists to support the work of Lifeline, a local support group founded by St Paul's, Clapharn Page 11
11 FUNDS- ALLOCATION OF ASSETS AND LIABILITIES 2025 General Church & Churchy3Td Growing Leaders Lifeline Total Debtors and prepayments Cash at bank 11,205 184 165 195,370 13,0481 11,205 191,907 203,113 13,0481 5,856 5,856 644 644 1,243 Creditors Net assets 192 322 644 200 065 2024 General Church & Churehyard Growlng Leaders Llfellne Total Debtors and prepayments Cash at bank 9,550 183,511 193,061 14,1651 9,550 196,440 205,990 14,1651 10,733 10,733 1,243 1,243 953 953 Credltors Net assets 188 896 953 201825 12 RELATED PARTY TRANSAcfioNS There were no related party transactions Sn the course of the year12024 none). Page 12