Charlty registration numbèr: 1182791
The Parochial Church Council of St Paul, Deptford
Annual Report and Financial Statements
for the Year Ended 31 December 2024
Field Sulllvan Limlted
9 Hare & Billet Road
London
SE3 ORB

The Parochial Church Councll of St Paul, Deptford
Contents {contlnued
Reference and Admlnlstratlve Details
Trustees, Report
2to7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
io
Note5 to thè Financial Statements
Ilto18

The Parochlal Church Councll of St Paul, Deptford
Reference and Admlnlstratlve Detalls
Trustee5
Revd Fr Paul 8utler, (Rector and Chairl
Cynthia Addokwei
Derek Amoo
lan Bhullar
Vidal Eghan, lalso Deanery Synod Member)
Lavern Ford, Ichurthwardenl
Christopher Hvmphries, (Honorary Secretary}
Olive Nèlson
Estelle Nzouzi
Linda Pan
Nick Richards, (Honorary Treasurer)
Stacey Sancroft-Homiah
Andrew Taylor, Ichurchwardenl
1182791
Char6ty Reglstratlon Number
Prlntlpal Offke
The ParSsh Church of S. Paul, Deptford
Crossfield Street
off Deptford Hi8h Street
London
SE8 3DS
Ind•pendent Emamlner
Field Sullivan Limited
9 Hare & Billet Road
London
SE3 ORB
Bankérs
HSBC UK
85 Lewisham Hlgh Strèet
Lewisham
SE13 6BE
PagÈ I

The Parochlal Church Council of St Paul, Deptford
Trustees, Report
The trustees present the annual report together with the financlal statements of the charity for the year ended 31
December 2024.
AIMS and purposes
The Parochlal Church Council of thè *Parish of S. Paul, Deptford, I"PCC"I, has the responsibility of co-operatlng
with the Rertor, Father Paul Butler, in promoting the whole mission of the Church in the parish,. this includes,
pastoral, evangelistic, social and ecLtmenical.
Oblectlves and A£tlvlttès
Thp Rector and the PCC of S. Paul'5 agreed the Pafish's Mission prSorities in the 2017 Mission Action Plan..
"l. Keep the worship of God at the centre of everything we do,.
2. Servè the people of Deptford, and beyond
3. Encourage the full participation and growth of every church member"
When plannin8 the parish's activities in the past year, the Rector and PCC have had the above prForities always In
mind. In so dolng, they belleve that they havè applied the Charity CommSsslon's guidance on public benefit and in
particular its specific guidance on charities for the advancement of religlon.
To facllltate the woik of the parish, it is important that the PCC maintains the fabric of the church of S. Payl, whtth
Is a Grade I listed building and one of thè finest examples of Early En81ish Baroque ecclesiastical architecture in the
country.
The PCC is fully committed to fulfilllng Its legal responsibilities for Health and Safèty and also to the vital work of
Safeguarding. We have a Safe8uarding Team that meets regularly, and we follow the policles and procedures of
the Diocese of Southwark.
Achlevements and PerformBn
The Cent￿ of Parish lifÉ rÉvolves around the Daily Mass and publlcly ￿lebrated Morning and Evening Prayer.
Worshlp at thecentre oleverythlng whleh S. Poul s does
The traditional Anglo-cathollc ParSsh Mass, with its music, prO￿$S1On$ and ritual on Sunday mornings attracts
diverse, multt-ethnic tongregation, of about 65 people in church, including approximately 12 children. It 15
Important to note that there 15 a diverse and ever-ehanging congregation of more than 150 people of all ages
attènding at least once a month.
People are attf3tted to S. Paul's for a multitLtde of reasons, including our mix of catholic worship, choral music.
intellectual engaBernent, and pastoral care, solemnit¥& diverslty, Incluslvlty and frlendship.
At the 2024 APCM held on May 25th 2024 there were 109 on the Church Elertoral Roll, the vast majDrity of whom
Ilve in Deptford. The Sunday morning congregatSon Includes people who are on the Roll and many people who are
not. The attendance increases at festivals and this often intludès a number of vlsltors.
Page 2

The Parochlal Church Councll of St Paul. Deptford
Trustees, Report (contlnued)
There is also a daily Mass, and daily Morning and Evenlng Prayer every week from Tuesday to Saturday, which the
Rector and PCC regèrd as the foundatlon of all the work and servicè of thè parish church and absolutely critical for
the mission of God in Oeptford. Members of the dlverse community of Deptford attend these seryices. The church
is open for all the services. Accordingly at regular times throughout the day, casual visitors are able to enter the
church, either tts join the service5, or to pray and rellect quietly in the church. Pastoral encounters frequently
follow the services, when the cle18y are able to asslst people who are in spirltual or physical need, or who are
asking for baptisms, weddings, or funerals.
We have maintained our hybrid approach to publlc worshlpj and have contlnued to broadcast the Sunday Parish,
and all major weekday servlces, to reach the broadest participation.
Muslc plays an important MIÈ in the life of S. Paul'5 featuring the Magnificen￿ of our organist and Dirertor of
Music, Mr William Parkinson and our choir, S. Paul's Singers. We have one of London's finest pipe organs (made by
Wllliam Drakel and It is played to great effett by our organlst and assistant-organlsts to accompany our bl-weekly
Sunday and FestSval Choral Masses whlch are very popular, as is our now annual choral tarol service Imorè than
200 at this years, service), and has brought many new people from the community Into the Ilfe of the church.
As well a5 the regular services, the Rector and PCC enable the communlty to celebrate and thank God at the
milestones of the journey through life. Through baptism the community thank God lor the gift of new life and
reloice at the conversion of adults to the faith, in marriage public vow5 are exchanged with God'5 ble55ing, and
through Requiem Masses and funeral serviees, family and frlends express their Erief and glve thanks for the life,
whlch Is complete in this world and ¢ommend the person into God's sale keepin8. S. Paul's celebrated S baptisms
11 child, 4 advltsl, I weddin& and 2 church Funerals, 3 burials of ashes in the churchyard memorial garden. and 6
adult Holy Confirmatlons.
S. Paul's offers education in the Christian faith through a variety of means; homilies and sermons at every Mass,
and the Omega Course, a weekly online dlscussion Broup for Chrlstian educatlon.
Strvke to thtpeopleof Deptfvrd
Reference Is made to the sèttion above on worship, which outlines the way in which the worship of S. Paul's serves
the community in Deptford, by providing daily Masses. The daily offlces and the pastoral offices thus enable
considerable splrltual and pastoral support to be Èiven to the community. Also our largè and well rnaintainèd
churchyard Is a source of much community engagement and where people are able to enjoy peace and santtuary
in the midst of a very challenglng It)ner city area.
S. Paul's Parlsh takes In the heart of the Deptford Community, one of the most diverse nelghbourhoods In London
in terms of ethnicity which is fully represented in our congregation. Ivs a communSty wlth a higher than avèrège
population of younger peoplè and multiple economic deprivation, Dèptford rg a rnaturè, complex and fascinatinB
place of joy enèrgy and struggle.
In the latest statistical analysis provided by the Church Urban Fund from data update include recent census 2021,
parish botjndary 2023 and index of multlple deprlvatlon 2019 data, o¢Jr parlsh of S. Paul, Deptford has moved from
belng the 773rd to the 704th most multlply-deprlved parish out of thè 12,329 parlghes In England, where l is the
most deprived. This means that our parish is one of the most deprived in the country, and in the highest 6%. There
are very hi8h levels of social exclusion. https.'Ilcuf.or8.uklparish/370206
Page 3

The Parochlal Church Councll of St Paul, Deptford
Trustees, Report (contlnued)
We have the highèst Child poverty rate wlthin the Diocese of Southwark at 34%, and the 241st hi8he5t in thè
country,. there are extremèly high rates of pensioner poverty at 44%, the 129th hlghest In the country; and workin8
agè poverty 24%, ranked 538th in the country. As lar as we can discern from the nèw data we now rank as the 3rd
m05t deprivèd parish in the Diocese, previously we were 5th.
Deptford. a fomier dock area on the River Thames, is thè northernmost area of the London Bofough of Lewlsham,
Southeast London. TherÈ 15 a high density of population and predominantly social housing150%1 Sn high and low
rise estates. The maln artery and centre of life of the Parlsh is Deptford High Street, which reflett% the dlversity of
its ethnic and cultural communities through its shops, cafés, restaurantsi pubs, and services. There 15 a vTrbrant and
Èrowing creative arts sector, related in part to the nearby Goldsmith's University, Trinity Laban Conservatolre of
Music and Dance, wlth artists. studios and gallerie5 In former industrSal buildings. S. Paul's take5 part In varlous
local festivals and community events. There are many small and entrepreneurial businesses.
Deptford is under immense pressure and is a wntested community. It Is a working class community in the midst of
housing private (Jèvèlopment, housing re8eneration and rapld gentrification. It is currently the m05t highlighted
'cool and hip, nelghbourhood in London, and popular with hipsters, creatSves and new businesses. barl, tafè5 and
restaurants.
The housing issues hrehli8ht the inequalities between the very poorest and destitute and some who are vÈrv
wealthy. There is great p(IvertV* diveislty and constant change, instabilitV* precarlous and transient lifestyles. rapid
social change, social cleènsin& immlgratlon ralds and even new tourlsm.
S. Paul's seeks to engage wlth the issues, which arÉsè from thls context in a variety of ways. We 5UPPOrt the work
of local orÈanisatlons that help people rebulld lives that have been damaged by homelessness, mental Illness, drug
or alcohol abusè and soclal exclusion. We work with a range of local partners who offer a wlde range of supporL
advlee, trainin8 and practical help. We also made a glft at Harvest to the Lewi%ham Churches for Asylum Seekers.
S, Paul's Is one of the founder members of thè ecumenlcal bodyi Deptford Churches Together I"DCT°l. The Rector
is the current Chair. The Cler￿ and laity of the member chur¢hÈs mèet regularly to share experiences and Ideas, to
forward the mission of God to the community of Deptford.
The Parish Mission Action Plan IMAP) was revlsed In 2017, ft states, 'we, the Christit7n community of S. Poul s
Deptford, wormly welcome oll people of goodwill. Worship fjnd prover, in the cotholic trodition, ore at the heurt of
ourlifv ond this inspires tsnd sustolns our commitment to 50cialjustice us on inclusivei Porticipottsry congregotion..
The PCC membership is made up of people from a wide varièty of national and ethnic backgrounds and reflects
wèll the 75% black mlnorSty ethnlc IUKMEI composition of the congfegation, including both Churehwardens, and
60% PCC Members. The congregation 15 roughly 50% wtsmen and 50% men. The Serving Team Is made up of adults,
vovth and thTrldren, both male and female and fully representative of all dlvèr51ties. The PCC has not adopted anv
of the statutory resolutions against women priests.
The church seeks to celebrate and maintain the tfadltional inclusivlty and dlvèrslty of the Angllcan Communlon.
Th4s is refletted in every level of participation at S. Paul's. There are many roles for membèrs of the church to
participate In Sts life and worship as lay officers, PCC members, sèrvers, readers, intercessors, cleaners, tleanlng
and maintènance tasks for people, safe8uardlnE officers, sides people etc. These roles are fillèd by many mèmbers
ofthe community.
Page 4

The Parochlal Church Council of St Paul, Deptford
Tru5tees' Report (contlnued)
Herltage
A5 inditated above, S. Paul's Is a Grade I listed buildlnB and Is a fine example of Early English Baroque archltecture.
The building accordingly attrarts a grèat deal of interest and tourlsm. The church is not only open before, durin
and after public worship, but Is also opèn at other tlmes by arrangement for visits by students and enthusiasts of
architecture, for other visitors.
In addition the church is hired for audio and vlsual recordlngs. We host occasional profe5slonal recordingsi
Students of dance and of film also hire the church from time to time, and we have facilitated many architectural
visits, includlnÈ for academic and research purposes. S. Paul's is licensed for public performances and for the
performance of In-copyright works of muslc.
Flnally, S. Paul's, whlch was consecrated irh 1730, seèks to assist Èenealogists in thelr research, through advice in it5
webslte on the location of parish records and in answering other queries.
Thames TEdeway Tunnèl and the S. Paul's Development Plan
S. Paul's is located next to a key and major construction 51te for the largest ongolng Infrastructvre project in
Europe, thè Thames fidèway Tunnel I'super sewerfl now reaching completion. S. Paul's Church has bÈèn the most
51gnificant Grade I listed building affected by thè entire project, which stretthes from west to east London. Thè
slte Is beside the south side of the church, on the green between Coffey, and Crossfleld, Streets. Due to the major
impact this construction site has upon the Church, an Asset Protection Agreement between S. Paul's PCC and
Thames Tldeway has been In place, with a variety of mitigation rnea5ures tts protect and monltor the herttage and
fabric of the church and also to enable the work and mission of S. Paul's as a Parish Church. The Tideway Project
overran its original tlmescale and is now @xperted to be completed in 2025, rather than In 2020. Works will bè
ongoing for at least the next year, causin8 disruption to everyonè in the viclnity and addltlonally affect our hlfing
income. The agreement with Thames Watei, negotiated by the Rettor and S. Paul's legal advlsor has protected the
parish from risks 3SSOCtated with this prolect.
There are also major dèvelopments upcomlng such ès the "Crossfields Masterplan", which also signifitantlv
involves the church and churchyard. This is currently being worked out and will see major changes to the environs
èround the church followlng the completlon of the Thames Tideway Tunnel in 2025.
S. Paul's is also currèntly embarking on a redevelopment project aimed at consolidating the conditlon of the
bullding, and developin8 It from a single usage, either worship or large hlring activity into a multi-use space to be
ble to support future missionary and commercial actlvities.
Strurturetr Èovern•n¢e and management
Nature of governlng document
The Parochial Church Councll is a corporate body established by the Church of EnBland. The PCC operates under
the Parochial Church Councll Powers Measure. The PCC is a Registered Charity 11182791 wlth the Charlty
Commisslon for England and Wales). The appointment of PCC members is govèrned by and set out in the Church
Rèpresentstion Rules.
Page S

The Parochial Church Council of St Paul, Deptlord
Trustees, Report Icontinued)
Trusteès and officers
The trustees and offI￿rS seThSng during the year and since the year end were as follows:
Trustees:
Revd Fr Paul Butler, (Rèctor and Chairl
Cynth13 Addokwel
DÈrek Amoo
lan Bhullar
Wllliam Dawe5 Ireslgned 31 May 20241
Vidal Eghan, (also Deanery Synod Memberl
Lavern Ford, (Churchwardenl
Christophèr Hvmphries, (Honorary Setretsryl
Ollve Nelson
E5tellÈ Nzouii
Llnda Pan
Nlck Rlchards, IHonoraryTreasurer
Alex Roberts, lalso Deanery Synod Member) Iresi8ned 31 December 20241
Stacey Santroft-Homiah
Andrew Taylor, IChur¢hwardenl
Youth Voltes for the PCC:
Joy Okobi
Michael Addo
William Dawe5 didn't seek re-election in May 2024 and Alex Roberts resiBned in De￿mber 2024.
Flnandal revlew
Pollcy on reselves
WÈ try and keep a significant amount of reserves (about two years of our diocesan contributions) to 8uard against
income shock5, unexpected maintenence in our Grade I listed bulldln8 and investment in our development project
although the PCC doe5 not have a specific reseTve5 policv.
Funds
The balèn¢e of unre5trl¢ted PCC funds at 31 December 2024 was £245,98012023.' £222,983) and restricted funds
amounted to £270,45712023.' £270,4571, giving a total funds balance at the end of the year of £516,437, tompared
wlth £493,440 the year before.
Page 6

The Parochlal Church Councll of St Paul, Deptford
Trustees. Report (contlnued)
Prlnclpulfundlng sources
Our positive financlal p051tSon relies heavlly on compensatlon from the fideway Tunnel project and investment
income on our reseives. The Tideway projèct Is experted to continue for the next few yeais but Investment income
cannot be relSed upon for consistent contributions as it is driven by the wlder business cycle.
Investmentpolky ttndobjettlves
The valuè of investments Increased by £18,890 in the year to £247,540 at 31 December 20241 primarily reflecting
the movement in equity markets during the year.
Statement of Trvstees, Respon51bllltles
The trustees are responslble for preparing the trustees, report and the Ilnancial statements in accordante with the
United Kingdom Accounting Standards Iunlted Kingdom Generally Attepted A¢￿￿ntIng Practlcel and applicabl
law and regulations.
The law applitable to chaylties requlres the trustees to prepare finantial statements for each flnanclal year whith
Bive a true and fair view of the statÈ of affair5 of the charity and of the Incoming resources and applicatlon of
resources of the charlty for that period. In preparin8 these financial statements, the trustees are required to..
select sultable 8¢¢0Lsnting policies and then appty them con5iStentlv,'
observe the methods and p¥lnciplès in the Charities SORP,.
make judgements and estirnates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subjÈct to any material departurès
distlosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless It Is inappropriate to presume that the
charity will contlnue in business.
The trustees are responsible for keeping proper accounting records that dlsclose wth reasonable accuracy at anv
time the financlal position of thè tharity and enable them to ensure that thÈ financial statements tomply with the
CharStSes Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitutlon.
The trustees are also re5ponslble for %èfeBuarding the assets of the chafSty and hènce for taking reasonable steps
for the preventlon and detectlon of Iraud and other iiregularltles.
The trustees are responslble for the maintenance and integrfty of the corporate and flnanclal Informatlon intluded
on the charitable company's webslte. Lesislation governing the preparation and dlssemlnation of financial
statements may differ from legislation in otherjurisdictions.
The annual report was approved by the trustees ofthe charity on14 May 2025 and signed on Its behalf bv:
Revd Fr Paul Butler
Trustee
Page 7

The Parochlal Church Councll of 5t Paul, Deptford
Independent Examlner's Report to the trustees of The Parochlal Church Councll of St Paul.
Deptford
I report to the charity trustee5 on my examination of the accounts of the charity for the year ènded 31 DecembÈr
2024 which comprlse the Statement of Financial Activitles, the Balance Sheet and related notes.
This report is rnade solely to the charlty's trustees, as a body. in accordance with section 145 of the Charities Att
2011. My work has been undertaken so that I might state to the charitvs trustee5 those matters l am required to
state to them in thls report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charity's trustees ès a body, for my work, for this
report, or for the tspinions I have formed.
Responslbilltlès and basls of report
As the charity trustees of The Parochial Church Coun¢il of St Paul, Deptford you are responslble for the preparatlon
olthè accounts in accordano w6th the requirements of the Charitie5 Act 20111'the Act'l.
I report in respect of my examSnation of the The Parochial Church Council of St Paul, Dèptford's accounts cariied
out under section 145 of the 2011 Act and Fn carrying out my examination I have followed all the applicable
Directlons glven by the Charity Commission under sÈction 14515llbl of the Act.
An independent Èxamlnatlon does not 5nvolve gathering all the evidénce that would be required In an audlt and
consequently does not cover all the matters that an audltor conslders In glvlng their opinSon on the financial
statements. The planning and conduct of aft audit goes beyond the Ilmited aSSUTance that an independent
examination can provide, Consequently l express no opinion as to whether the financial statements present a 'true
and fairf vlew and my report Is Ilmlted to those speclflc matters set out In the independent examinerfs statement.
Independent examlnerfs statèment
I have completed my examination. I confSrm that no material matters have come to my attention in connection
with the examinatlon gSvlnÈ me cause to believe that in any material respect..
l. accounting records We￿ not kept in respect of The Parochlal Church Counc51 of St Paul, Deptford as requlred
by sectlon 130 of the Act., or
2. the financlal statements do not accord with thts5e ￿ordS,. or
3. the flnanclal statements do not comply wlth the a¢¢ounting requirements concerning the form and content
of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requlrement
that thé accounts give a 'tfue and fair view, whlch Is not a matter considered as part of an indepèndent
examination.
I have no concern5 and have comè across no other matters connettion with the examination to which attention
should be drawn in t
report in order to enable a proper understanding of thè accounts to b8 reached.
rim Sullivan FCA
Field Sulllvan Llmited
9 Hare & Blllet Road
London
SE3 OR8
go May 2025
Page 8

The Parochial Church Councll of St Paul. DeptFord
{Registration number: 1182791}
Balance Sheet as at 31 December 2024
2024
2023
Note
Current assets
Dèbtors
io
7,979
247,540
269,003
9,111
228,650
263,447
Investments
Cagh at bank and in hand
li
12
524,522
501,208
Credltoys: Amounts fa115n8 du• wlthln one yeai
13
18,0851
17,768}
Net assets
516,437
493,440
Funds of the tharlty.
Restrltted Income funds
Restricted funds
270,457
270,457
UnresttlctÈd Incom• fund5
Unrestricted funds
245,980
222,983
Total funds
14
516,437
493,440
The financial statemenii on pages 9 to 18 were approved by the trustees, and authorlsed for issue on 19 May 2025
and signed on their behalf bv..
f.P,(&Q-
Revd Fr Paul Butler
Trustee
The notes on pages IJ to 18 form an integfal part of these financial statements.
Page 10

The Parochlal Church Councll of St Paul, Deptford
Notes to the Flnanclal statements for the Year Ended 31 De￿mber 2024
I Charlty status
The charity is domiciled In England and Wales.
The church's address 15:
The Parish Church of S. Paul, Deptford
Crossfield Street
off Deptford High Street
SE8 3DS
Registered office..
elo St Paul's Rectory
MaryAnnGardens
Deptford
London
SE8 3DP
2 Accountlng polSd•s
Statement of compl13ncè
The financial statements have been prepared in accordance with Accounting anfl Reportlng by Charltles..
Statement of Recommendèd Practice applicable to charities preparlng their accounts in accordance with the
Financial Reporting Standard applitable In the UK and Republlc of Ireland IFRS 1021 leffectlve I january 20191
(Charities SORP IFRS 1021 Setond edltlon October 20191, the Financial Reportlng Standard appllcable in the UK
and Republit of Ireland IFRS 1021. They also comply with the Companies Act 2￿6 and Charitles Act 2011.
Basls of preparatlon
The Parochial Church Councll of St Paul, Deptford meets the deflnltion of a publlc benefit entity under FRS 102. The
accounts Ifinancial statemènts) have been prepared under thè hlstorical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant notelsl to these accounts.
Going tontern
The trustees consider that there are no materlal ￿n￿rtaIntIeS about the charlty's ablllty to continue as a going
Contern.
Page 11

The Parochlal Chuith Councll of St Paul, Deptford
Notes to the Flnanclal Statements for the Year Ended 31 De￿mber 2024 (contlnuedl
Judgements and key source5 of e5tlmatlon uncertalnt¥
In the applicatlon of the charity's accotsnting policles, the trustees are required to make judgernents, estimates and
assumptions about the carrying amount of assels afid liabilities that are not readily apparent from other sourcès.
The estimates and associated assumptions are based on hlstorlcal experiÈncÈ and other factors that are
considered to be relevant. Actual re5uIt5 may differ from thÈsè estimates.
The estimates and underlying assumptions are ieviewed on an ongolng basls. Revi51ons to atcounting estimates
are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the
perSod of the revrslon and future periods where the ievisions affects both current and futvre periods.
Income and endowments
Voluntary income including donations, glfts, legacies and grants that provlde core fundlng or are of a general
nature is recognlsed when the charity has entitlement to the income, it Ss probable that the income will be
received and the amount can be measured with sufficient reliability.
Donatlons undlegacles
Donations and lÈgaciÈs are recognised on a iÈteiv3ble basis whèn receipt is probable and the amount can be
reliably measured.
Grants recelvuble
Grants are recognised when the charlty has an entitlement to the funds and any condStSons Ilnked to the grènts
have been met. Where performanee condltions are attached to the grant and are yet to be met, the income is
reco8nisÈd as a liability and included on the balantè 5hÈÈt as deferred income to be released.
Invèstment Intome
Dividends are reiogni5ed once the dividend has been dèclared and notification ha5 been received of the dividend
due.
Expendlture
All expenditurè is recognised once thèrè is a lègal or constructive obli8ation to that expenditure, it is probable
settlement is required and the amount can be measured re15ably. All costs are allocated to the applicable
expenditure heading that a8gregate similar costs to that category. Where costs cannot be directly attributed to
partlcular headings they have been allocated on a basis consistent with the use of resources, with central staff
tosts allocated on the basis of timè spent, and depretiation char8es allocated on the portion of the asset's vse.
Other support costs are allocated based on thÈ Spread of staff costs.
Chorltuble octlvltl
Chaiitable expendlture comprises those costs incurred by the chaTlty in the delivery of its activities and servlces for
its beneflclarles. It includes both costs that can be allocated directly to such a¢tlvities and those costs of an ind1￿Ct
nature necessary to support them.
Page 12

The Parochial Church Council of St Paul. Deptford
Notes to the Flnancial Statements lor the Year Ended 31 December 20241continued)
Support Costs
Support tosts Intlude cèntral functions and have been allocated to activlty cost cate8orles on a basls conslstent
with the use of resources, for Èxample, allo¢atin8 property cost5 by IIOOT areas, or per tapita, staff costs by the
time spent and other costs by their usagè.
TèJEatloYb
The charlty is consldered to pas5 the tests set out in Para8raph I Schedule 6 of the Flnance Act 2010 and therefore
it meets the dèflnition of a charitable company for UK corporation tax purposes. Accordinglyi the charity 15
potentially exempt from taxation in respect of tnctsme tsr capital gains recetved wlthln categories covered by
Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of thè Taxation of ChargÈable Gains Act 1992, to
the extent that such income or Éains are applied èxelusivèly to charitable purposes.
Currènt asset Investm8nts
Current asset Investments are included at the lower of cost and net realisable value I market value.
Trade debtOT5
Trade debtors are amounts due from customers for merthandise ￿ld or services performed In the ordinary course
of business.
Trade debtors are recognised initially at the transattlon price. They are subsequently measured at amortlsed cost
uslng the effectlve Inte￿51 method, less provision for impairment. A provision for the impairment of trade debtors
is established when there is objettivè evldence that the charlty will not be able to cc*llect all amounts due
accordin8 to the orlginal terms of the rèceivables.
Cash and tash equlvalents
Cash and cash equivalents comprise Cèsh on hand and call deposits, and other short-term highly liquid investments
that a￿ readlly convertible to a known amount of tash and are subjèct to an insignif(cant risk of change in value.
Fund structurè
Unrestritted Income funds are general fund5 that are available for use at the trustees distretion in furtherance of
the objectives of the charity.
Restrlcted Income funds are those donated for vse in a particular afea or for speciflc purposes, the use of whlch Is
rÉ5trictèd to that area or purpose.
Page 13

The Parochlal Church Councll of St Paul. Deptft)rd
Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Icontlnued)
3 Income from donatlon5 and leÈaclès
Unre5trlctèd
funds
General
Total
2024
Total
2023
Donatlons and legacies;
Collections
GSft ald reclalmed
12,413
5,233
12,413
5,233
18,573
6,322
Grants, intludlng capStal grants;
Listed Places of Worship
Planned giving
444
33,470
444
33,470
30,149
51,560
51,560
55,692
4 Investment Income
Unrestrlcted
funds
Genèrgl
Total
2024
Tgtal
2023
Interest receivable and slmilar Income,,
Interest receivable on bank deposits
4,903
4,903
3,252
S Other Income
Total
2024
Total
2023
Thames fideway Tunnel
107,560
6 Expendlture on charltable actlvStSes
Page 14

The Parochlal Church Councll of St Paul, Deptford
Notes to the Flnanclal Statements for the Year Ended 31 December 20241continued)
Total
2024
Total
2023
Quots paid to Diocese
Clergy expenses
Sanctuary expenses
Church running expenses
Muslc
22,203
2,056
3,743
15,349
102
21,060
1,578
1,400
13,008
331
Church maintenance
2,998
5,905
7,925
7.467
Support costs
52,356
52,769
7 Analys15 ol support costs
Support costs
Total
2024
Total
2023
Telephone and fax
PiTrnting, postage and ststlonery
Computer software
Independent examinatlon
Bank charges
1,079
2,475
246
1,084
4,025
308
2,034
71
1,974
76
5,905
7,467
8 Tru5t£es remuneratlon and 8xpenses
DurlnÉ the year the charity made the following transattions with trustees:
Revd Fr Paul autler
£1,81212023: £1,578) of expenses were reimbursed to Revd Fr Paul Butler during the year.
No trustees, nor any persons connected with them, have receSved any remuneration from the charity during the
year.
No trustees have recelved any other benefrts from thè tharlty durlng the year.
9 Taxatlon
Thè charity is a reglstered charity and is therèft)re exempt from taxatlon.
Page 15

The Parochlal Church Councll of St Paul, Deptford
Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (contlnued)
10 Debtois
2024
2023
Prepayments
other debtors
2,836
5,143
2,788
6,323
7,979
9,111
11 Current asset Inve5tment5
2024
2023
Listed other shares
247,540
228,650
12 Cash and c85h e4uhrBlents
2024
2023
Cash on hand
Cash at bank
2,656
266,347
2,656
260,791
269,003
263,447
ia Crtdltors: amounts falllng du• wlthln on• year
2024
21)23
Other creditor5
4,270
3,815
4,170
3,598
Accruals
8,085
7,76B
Page 16

The Parochlal Church Councll of St Paul, Deptford
Notes to the Flnancial Statements for the Year Ended 31 December 2024 l¢ontlnued)
14 Funds
alante at
31
Decèmber
2024
Balance at i
January
2024
Other
recognlsed
galnslllossesl
Incomlng
resource5
Resources
èXPÈhded
Curront pèrlod
Unrestrlrted
General
General Funds
222,983
56,463
152,3561
18,890
245,980
Restrfcted
Thames Tldeway Tunnel Asset
Protection Agreement
270,457
270,457
Total funds
493,440
56,463
152,3561
18,890
516,437
Balance at
31
Dètèmber
2023
alance at i
January
2023
Other
recoEnlsed
galnsll10s5es1
Incomlng
rèsourtÈs
Resources
expended
Prevlous perlod
Unrestrlctéd
Generul
General Funds
183,707
58,944
151,3411
31,673
222,983
Rèstrlcted
Th3mÈs Tideway Tunnel Asset
Protectlon A8reement
164,325
107,560
11,42BI
270,457
Total funds
348,032
166,504
152,7691
31,673
493,440
The specific purposes for which the funds are to be applled are as follows:
Thames Tldeway Tunnel A55èt Protectlon Agreement Annu31 grant reteived initially to fund an admin ofFicer
however, permlssion was granted to allow this money to be used to seed the church's development project.
Page 17

The Parochlal Church Councll of St Paul, Deptford
Notes to the Flnanclal Statements for the Year Ended 31 December 2024 {contlnued)
15 Analysls of net assets between funds
Current perlod
Unrestrlcted
funds
General
Restrlcted
funds
Total funds
2024
Cuirent assets
254,065
18,0851
270,457
524,522
18,0851
Current liabilities
Total net assets
245,980
270,457
516,437
Prevlou5 perlod
Unre5trlctÈd
funds
General
Total funds at
31 December
2023
Restrlcted
funds
Current assets
230,751
17,768
270,457
501,208
17,7681
Current liabilities
Total net assets
222,983
270,457
493,440
Page 18