Charity registration number.. 1182791 The Parochial Church Council of St Paul, Deptford Annual Report and FinancTral Statements fortht Year EThletl 31 December 2025 Field Sullivan Llmited 9 Hare & Billet Road London SE3 ORB
The Paro¢hlal Church Council of St Paul, Deptford Contents {continued> Reference and Administrative Detalls Trustees, Report 2to7 IndepÈndènt ExaminÈrfs Rèport Statèmènt of FinantiÈl Actr¥ities Balance Sheèt io Notes to the Financial Statements Ilto17
The Parochlal Church Councll of St Paul. Deptford Reference and Admlnlstratfve Details Trustees Revd Fr Paul Butlèr, {RÈttor and Chairl Cynthia Addokwei Derek Am lan Bhullar Jonathan Coote Vidal Eghan, (also Deanery Synod Member) Lavern Ford. Ichvrchwardenl Christopher Humphries, (Honorary Secretsryl Everton Gidden Olive Nelson Estelle Niouzi nda Pan Nick Richards, (Honorary Treasurer) Statey Santroft-Homiah Andrew Taylor. Ichurchwardenl 1182791 ChaAty Re8lstr•t6on Number Prlndpal Office The Parish Church of S. Paul, Deptford Crossfield Street off Deptford High Street London SE8 3DS Independent Examlner Fleld Sulllvan Llmited 9 Hare & 8illet Road London SE3 ORB Banker5 HSBC UK 85 Lewisham High Street lÈwisham SE13 6BE Page I
The Parochlal Church Council of St Paul, Deptford Trustees, Report The trustees present the annual report together with the financial statements of the charty forthe year ended 31 December 2025. The Parochial Church Council of the 'Pari5h of S. Paul. Deptford, I"PCtrl, has the rÈspDnsrbility of crtroperating with the Rertor, Father Paul Butler, in promotin8 the whole mission of the Church in the parish,. this includes. pastofal, evan8elistit, sotial and ecumenical. ObJÈctl¥es•nd Artl¥hles The Rector and the PCC of S. Paul's agreed the Parish's Misslon priorities in the 2017 Mission Actlon Plan: "l. Keep the WOTship of God at the ontre of everythlng we do: 2. Serve the people of Deptford. and bèyoftd 3. Encourage the full participation and growth of every church membe lfijhen plannlng the parish's activities in the past year. thé Rector and PCC have had thè abtsve prsorities dways in mind. In so (k*ing, they believe that they have applied the Charrty Commission's 8uidance on public benefft and Fn particular specific Èuldancè on charities for the advancement of rÈlTr81on. To facilitate the work of the parish, it is important that the PCC maintalns the fabric of the Churth of S. Paul, which is a Grade I Ilsted building and one of the finest e¥amples of Early English Baroque ectlesiastical archltecture in the country. The PCC is fully <ommltted to fulfilling its legal responslbllities for Health and Safety and also to the vital work of Safeguarding. We have a Safeguarding Team that meets regularty, and we follow the pollcies arml procedures of the Diocese of Southwark. Achlevements and PerformaD¢e The lltre of P3rish life revolves around the Mass and publidy celebrated Moming and Evenin8 Prayer. Wotshlp ot the centre of everythlnq whlch & Poul's éoes The tradltiffial Anglo-catholic Parish Mass, with Its muslG processions and ritual an Sunday mornin85 attracts a dfverse, multi-ethnic congregation, of about 70 people in thurch, includinR approximately 12 chIldn. It is important to note that there is a diverse and ever-¢han8ing congregatlon ol more than 150 people of all a8es ttènding at leatt once a month. People are attracted to S. Paul's for a multitude of reasons. Including our mix of catholic worship. choral music. intellertual en8a8ement. and pastoral care, solemnty, diversity, inclusivity and frièndship. At thè 2025 APCM held on May 25th 2025 there were 106 on the Church Electoral Roll, the vast majority of whom live in Deptford. The Sunday morning corvdregation includes people who are on the Roll and many people who arÈ not. Thè attèndance increases at festivals and this often includes a number of Visitor5. There is also a daily Mass, and daily Morning and Evening Pfayer every week from Tuesday to Saturday, which the Rector and PCC gard as the foundation of all the work and service of the parish church and essential for the mission of God in Deptford. MembÈrs of thè divÈrse community of Deptford attend these services. The hurth is open for all the services. Accordir48ly at regular times throughout the day, tasual visitors are able to enter the church. either to join the services, or to pray and reflett quietly in the church. P35torèl encounters frèquèntly follow the services, when the clergy a able to asslst people who are in spiritual or physical need. or who a asklng ts baptlsms, weddings, or funerals. Page 2
The Parochlal Church Council of St Paul, Deptford Trnstees, Report (continued) We have maintained our hybrid approach to public worshTrp, and havÈ continued to broadcast the Sunday Parrsh, and all map)r weekday servIs, to reach the broadest participation. Music plays an important role in the life of S. Pavl's featuring the magnificÈnce of our organist and Dlrector of Music, Mr William Parkirb50n and our choir, S. Paul's Singers. We have one of London's finest pipe or8ans {made by William Drake) and it is played to great effert by our organist and assiStant-or8ani5ts to accompany our bl-weekly Sunday and Festival Choral Masses which are very popular, as is our now annual choral carol Servi (more than 2C¥) at this years. servicel, and has brought many new people from the communSry into the lifÈ of the churth. As well as the re8ular ser¥ites, the Rector and PCC enable the community to celebrate and thank God at the milestones of the journey through life. Through baptism the ¢ommunity thank God for the 8ift of Dew lrfe and rejoice at the conversion of ad¢Jlts to the faith, in marria8è public vows are exchanged with God'i blessln& and throLtgh Requiem Masses and funeral seNices, famlly and friÈnds èxpiess thelr grief and give thanks for the lrfe, which is complete in this world and commend the person Into God's safe keeping. S. Paul's celebrated 3 baptisms11 child, 2 adultsl, 2 wedding, and 3 thurch Funerals, O buria15 of ashes in the churchyard memorial garden, and B adult Holy ConfTrmiations. S. Paul's offers ed¥Jcation in the Christian faith through a varièty of means,. homilies and 5errnons at every Ma4 and the Omega Course, a weekly online discussion group foi ChrTrstian education. Refence is made to the section above on worship, which outlines the way in which the worship of S. Paul's serves the communty in Deptford, by providing daily Massek The daity office5 and the pastornl offi5 thus enable tonsidetsble spiritual and pastoral support to bè gNèn to the community. Also our large and well mabntained churchyard is a source of much community engagernènt and where people are able to enjoy pea nd santtuary the midst of a very challenglng inner ctty area. S. Paul's Parish takes in the heart of the Deptford Community, one of the most diverse neighbourhood5 in London in terms of ethnicity whith is fully represented in our congregation. IV5 a tommunity with è hi8her than avera8e population of youn8eT people and multiple economic deprivation. Deprford is a mature. complex and fasdnating place of joy ener8y and struggle. In the m05t retÈAt anatysis from the Church Urban Fund our parish of S. Paul. Deptford ts the Our paTish of 5. Paul. Deptford has moved from bein8 the 773rd to the 695th most multlply-deprived parish out of the 12,178 parishes. where l is the most deprived. This means that our parlsh is one of the most deprlved In the country. and in the highest 6%, and the 4th most deprived parish rn the Dlocese. lrttP5:Ilcuf.org.uVparish/370206 There are high levels of socFal exclLtslon. We have the hlghest chlld poverty rate within thè Diocese of Southwark at 34%, and the 241st highest in the country; there are extremely high rates of pensioner poverty at 44%. the 129th highest in the ¢ovntry,' and working age poverty 24%, ranked 538th In the country. Deptlord. a former dock area on the River Thames, is the northernmost area of the London 8orou8h of Lewisham, Southeast London. There is a high density of population and predominantly social housing150%I in high and low rise estates. The main artery and Cent of life of the Parish 15 Deptford High Street. which reflerts the diversity of tts ethnit and culturèl communitiÈs through its shops, cafés, restaurants, pubs, and services. There is a brant and growFng creative arts sertor, related in part to the nearby Goldsmith's Universty, Trinlty Laban Conservatoire of Music and Dancè, with artists, studios and gallèries in fomier industrial buildings. S. Paul's takès part in varlous local festNal$ 8nd commLtnlty e¥Ents. There arè many small and entrepreneurial bunesseS. Page 3
The Parochlal Church Councll of 5t Paul, Deptford Trustees. Report (contlnued) Deptford is under immense pressure and Is a contesteil community. It is a working ¢lass community in the midst of hcwsing prSvate developmen¢ housing Tegeneratlon and rapid gentrification. It is currently the most ghlighted 'tt)ol and hip, neighbourhood in London. and popular wlth hipsters, creative5 and nèw businesses. bars, cafes and restsura[. The housing i5suÈs hlghllght the inequalitlès between the very poorest and destitute and somè who a very wÈalthy. ThÈre is great poverty. diversity and constant change, instability, precarious and transiènt ItFestyks. rapid Social Chare, xlcial cleansin8, immigration raid5 and even new tourism. S. Paul's seeks to engage with the Issues, which arise from this context in a variety of ways. We support thè work of lo¢al organisations that hèlp ople rebuild lives that have en damaged by homelessness, mental illness. drug or alcohol abuse and social exclusion. We work wtth a range of local parniers who offer a wide range tsf suppts¢ advo. trainin8 and practital help. We a150 made a gift at Harvèst to the Lewisham Churches for Asylum Seekers. Pauys is one of the founder mèmbers of the ecurnenical body, Deptford Churches ToBÉther [°Dl. The Rector is the current Chair. The clergy and lalty of the membèr churches meet regularly to share èxperlences and ideas, to fonvard the mlsslon ot God to the community of Deptford. The Parish Misslon Artion Plan IMAPI was revised in 2017, it states. "we. the Chnstion community of S. Poul's Deprford. womily welcome ollpeople of goodwill. Worship ondproyer. in the cotholic trqdition. ore ot the heurt OA our lift ond this inspires und su5toins our commitment to soual justffce os an inclusive. porticipatory congregotion." The PCC membership Is made up of people from a wSde variÈty of national and ethnic back8rounds and accuratèly refiects the 60% black mlnority ethnic IUKMEI composition of the congregation, including both Churchwafdèfts, and PCC Members. The congEatIon is roughly SO% womèn ènd SO% men. The Seon8 Team is made up of adults, youth and children, both male and female and fijlty representative of all diversities. The PCC ha5 not adopted any ofthe statutory resolutlons against women priests. The church seèks to celebrate and maintaln the traditional Inchjsivity artd diversity of the Anglican Communion. This is refletted in every level of participation at S. Paul's. There are many roles for members of the rhurch to partlcipate in its life ènd worship a5 lay officers, PCC members, seThers, readers, intertessors, cleaners, clÈanlng and maintenance tasks lor people, Safeguardi offirS, sides pèopFÈ etc. These roles are filled by thany members ofthe ¢ommunlty. indicated above, S. Pauvs is a Grade I listed bullding and Is a fine example of Early English Baroque architetture. The building accordingly attratts a @at deal of intèrest and tourism. The church is rt only open before. during and after publit worship, but is also open at other times by arran8emont for Yisits by studènts and enthusaasts of architerture, for other visitors. In addition, the church is hired for audio and vt5ual rÈcOrdI We occasional professional recordings, Students of dance and of film also hirè the church from time to time, and we have facilitated many architectural visits, including for academic and research purposes. S. Paufs is licensed for publtc pèrformances ènd ft*thè performance of in-copyright wo$ of music. nallyl S. Paul's, which was consecrated in 1730. seeks to assist genealo8i5ts in thelr research. through a¢fvl in It5 website on the locatiori Df parish records and in answerin8 Othèr queries. Page 4
The Parochial Church Councll of St Paul. Deptford Trustee5' Report lcontlnued) Tham•sMd•wayTunn•l ¥nd th• S. Paul's Development Plan S. Paul's is ILKated next to a key, and what has been for over the part decade a malor ¢onstruction sltè for the largest ongotng infrastrurture projett in Europe, the Thames Trdeway Tunnel I'super sewe¢l. The overall projett is now reaching completion and the sitè is now subject to the pott-tonstruction landscapin& & Paul's Churth has been thè most siBnificant Grade I listed buildrng affected by thè entire projert. which SttCheS from west to east London. The site is beside the south side of the thurch, on the Ereen bÈtwÈèn Coffey, and Crossfield, StrÈÈts. DUÈ to the major impatt this Constructlon site has had upon the church, an Asset Protection Agreement betMeen S. Paul's PCC and Thames fideway has been in place, with a variety of mitigation measures to protert and monitor the heritage and fabrlc of the church and also to enable the work and mission of S. Paul's as a Parish Church. The Tideway Projett overran its original timescale and was completed in 2025. rather than In 2020. Works were on80inB, causing disruptron to everyone in the vicinrty and additionally affeut our hiring income. The agreement with Thames Water. negotiated by the Rertor and S. Paul's legal advFsor has protetted the parish from risks ass¢xiated wlth this pmiect. There is also a major re-development of Cr055field and Coffey Streets in progress adjacent to the church and churthy3rd on the south slde. which Includes the rebuilding of the road and new landscaping to tonnètt with the Tideway str landstaping. Thls wlll improve the environment around the churchyard and open up views to the churth from the east and south. S. Paul's is also currently embaTklng on a redevelopment projert aimèd at long tem7 sustainability of the church fabrfc. improving the facilitie5 Wjthin the crypt and nave of the chLtrch. and exploring the redevelopment of the fornier charnel house in the churchyard for Into a mU$t space to be able to support future mission and commèrtial attivities. We have also submitted an application for a Faculty to renew the church bells and tower dock. strnctsirep governanc• and mina8ement Aluture olqavernlng document The Parochial Church Council is a corporate body establlshed by the Churth of Eland. The PCC operates under the Parc<hial Church Councll Powers Measurè. Thè PCC 15 a Re8lStered Charity 11182791 wTrth the Chèrlty Commission for England and Wales). The appointment of PCC members is governed by and set out in the Church Repre5entstion Rule5. Poge 5
The Parochial Church Coundl of St Paul, Deptford Trustee5' Report Icontlnued) Trnstees and afflcèrs The trustees and officers serving during the ar and Sin the year end were as follows: Trustees: Revd Fr Paul Butler, (Rertor and Chairl Cynthia Addokwei Dek Amoo lan Bhullar Jonathan CootÈ Ifidal Eghan, {also Deanery Synod Member) Lavern Ford, Ichurchwardenl Chrlstopher Humphrles. (Honorary Secretary) Everton Giddèn lappoirtted 25 May 20251 Olive Nelson Estelle Nzouzi Linda Pan Nick Richards, IHonorary TrUrer) Stacey Sancroft-Homiah Andrew T&or, IChurchwarden} Youth vol forthe PCC.. Joy Okobia Michael Addo William Dawes didn't seek re*lection in May 2024 and Alex Roberts resigned in December 2024. Flnandal revl Polky on reserves We try and keep a signlftcènt amount of reserves lèbout two years of our dI0san contrilyrtionsl to 8vord against income shttki, uftÈxpèttèd maintenÈrttÈ in our Grade I listed building and investment in our development project although the PCC does not have a specific re5erve5 FoIiLry. Funds The balance of unrestricted PCC funds at 31 December 2025 wa5 £241,28612024: E245,980) ènd restrlcted funds amounted to £270,45712024.. £270,45711 gtvin8 a total funds balance at the end of the year of £511,743. compared with £516.437 the year before. Pflnclpolfvndkng sources Our posbtive financial position relies heavily on compensation from the n(Jeway Tunnel woject and Investment Income r>n our reserves. The Tideway project Is expetted to continue for the next few years but investment income cannot be relied upon for consistent contrlbutions as fc is driven by the widÈr businèss cycle. PaBe 6
The Parochlal Church Councll of St Paul. DeptFord Trustees. Report Icontlnued) Inve5trnentpoliry artdoblertlves The value of investments de£ased by £3.653 in the year to £243.887 at 31 December 2025. prlmarily reflerting the movèment in equity markets during the year. Statement of Trust5, ReSpOlbIlItI0S The trustees are responsiblé for preparing the trustees, port and the financlal statements in accordance w5th the UnSted Klngdom AccountinB stsndards Iunfted KinÉdom Generally Accepted Accounting PraLtitel and applicable law and regulations. The law applicable to charitles requlres the trusteès to prepare financial statements for each financlal year which 've a true and fair view of the state of affairs of the charity and of the incoming rÈsources and pplication of resources of the Charity for that period. In preparing these financial statements, the trustees are rèquirèd to.. sélèct suitable accounting policies and then apply them ConsittÈnt- observe the methods and principles In the Charities SORP: make judgements and estimates that are reasonablè ènd prtsdent,. state whether applicablè accounting standards have been followed, subiert to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the 8oinB concern basss unless it rs inappropriate to presume that the charity wll cont£nue In business. The trustees are responsible for keeplng proper accountlng records that disclose wFth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements cornply wlth the Chartties Act 2r)11, thè Charities (Accounts and RÈportsl Regulation5 2008, and the provision5 of the constitution. The trustees are also responslble for safeguarding the assets of the charity and hencè for taking reasonable steps for the prevention and detect of fraud and other irUlaritig. The trustee5 are responsible for the malntenance and integrtty of the torporate and financial information included on the charitable company's website. Legislation governlng the preparation and dissèminatron of finantial statements may differ from legislation in other juri5dittions. ThE annual report was approved by the trustees of the charity on... nd signed on its behalf bv.. RÈvd Fr Paul Butler Trustee Page 7
The Parochlal Church Coundl of St Paul. Deptford Independent Examlner's Report to the trustees of The Parochlal Clwrch Councll of St Paul, Deptford I report to the charity trustses on my examination of the accounts of the charity for the year Ènded 31 December 2025 whith comprise the Statement of Financlal Activities, the Balan Sheet and related notes. Thls report is made so1@ to the charlS trustees. as a bodyi in ac¢tydance wfth section 14S of the Charltle5 Att 2011. My work has been undertaken so that I might state to the ¢haritVs trustee5 those matters l am required to state to them in this report and for no other purpose. To the fullest extent rMitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitvs trustees as a bodyi for rny work, forthis report, orfor the opinions I have formed. Responsbllltl•s and ba51s ol r•port As the charity trustees ol The Parothial Church Council of St Paul. DeptFtsrd you are responsible for the preparation of thè accounts in accordance with the requirements of the Charities Art 20111'the AcVI- I report in respe¢t of my examination of the The Parochial Church Council of St Paul. Deptford's account5 carried out undèr sÈction 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Direction5 given bythe Charlty Commission undersection 145151(bl of the Art. An independent examination does not Involve 8atherlng all the evidence that would bè required in an audr( and ¢onsequently does not cover all the matters that an auditor ¢orn%iders In glvln8 their opinion on the financial statements. The plannin8 and ¢onduct of an audit goes beyond the limited assurance that an Independent examinatk)n can providè. Consequently l express no opinion as to whether the financial statements present a true and fairf view and my report is limited to those specific matters set out in the independent e¥amrnerfs statement. Independent examlmrfs statement I have completed my examlnatlon. I confirm that no material mattèrs have come to my attention In connection wrth the examination giving me cause to believe that Sn any material respecl: l. accounting records were not kept In respert of The Parochial Church Council of St Paul. Deptford as required by section 130 of the Att,. or 2. the financlal statements du not accord with those records,. or 3. the financial statements do not comply with the accountin8 requirement5 toncerning the form and contÈnt of accounts set out in the Charities IAccounts and Reports) Regulations 2LK)8 other than any requirement that thè attounts give a 'tr4Je and fair view. which is not a matter consldered as part of an independent examination. I have no contèms and have come acrtsss no other matters In connection wtth the examination to which attention should be dravm In this report in order to enable a proper understanding of the accounts to be rea¢hed. Tim Sullivan F Field Sullivan Limited 9 Plare & Billet Road London SE3 ORB Page 8
The Parochlal Church Council of St Paul, Deptford (Registratlon number 1182791) Balance Sheet as at 31 Defflber 2025 2025 2024 Current assets Debtors io 8,265 243.887 267,519 7,979 247,540 269,W3 Investments li Cash at bank and in hand 12 519,671 524,522 Credltor5: Amounts falwng due within one year 13 7.9281 18,085 assets 511,743 516,437 Funds of the tharity. Restrirtèd income fvnds Restrirted fvnds 270.457 270,457 Unrestrlcted Income funds Unrestritted funds 241,286 245,980 Total funds 14 511,743 516,437 The financial statements on pages 9 to 17 wÈrÈ aroroved by the trustees. and authorised for Issue on J3rt7b Pp:g . and Swed on their behalf by.. Revd Fr Paul Butler Trustee The notes on pages 11 to 17 form an inteBral part ofthese financial ststements. Page 10
The Parochlal Church Coun¢ll of St Paul, Deptford Notss to the Flnandal Statements for the Year Ended 31 December 2025 I Chartty ststt The charity is domiciled In England and Wale5. The chuich'5 address is.. The Parish Church of & Paul. Deptford Crossfield Street off DeptFord High Street SE8 30S Registered office.. clo St Paul's Rectory Mary Ann Gardens Deptford London SE8 3DP 2 Acwintlng poll¢les St•tem¢m ofeory•llanc• The financial statements have been prepared In accordance wtth Accounting and Reportin8 by Charities: Ststement of Recommended Prattice appllcablè trj charities preparing their accounts in accordance with the Flnan£ial Reporti Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 . (Charities SORP IFRS 1021- 5Ètond èdition OctobÈr 20191. the Financièl Reportlng Standard applicable in the UK and Republic uf Ireland IFRS 1021. They also compty with Companie5 Art 2006 and Charrtres Act 2011. B&*l$ of prèparatlo The Parochial Church COU11 of St Paul, Deptforfl meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost conventi¢)n with items recognised at cost or transaction value unless otherwise stated in the relevant ftotelsl to these accounts. GOIN con¢•rn The trustees conslder that there arè no material uncÈrtaintles about the charity's ablltty to continue as a going concem. Judzements and sources af estlmatlon uthcertalnty In the application of the charitvs accountlng polkies. the trustees are required to make judgements, estimates pnd assumptions about the carrying amount of assets and liabilities that are not readily apparent from othèr sourcès. The estimatès and assotiated assumptions aré based on historical experience and other fartors that are considered to be relevant. Artual results rnay differ from these estirnates. The estimates and underlyin8 assumptions are reviewed on an oftgoing basis. Revis4(X)s to accounting estimates are reco8nised rn the periods in which the estimate is revised where revisions affect5 only that period. or sn the period of the revision and future periods where the revi51ons affects both current and fvture pèrfods. Page 11
The Parochlal Church Councll of St Paul, Deprford Notes to the Flnanclal Statements for the Year Ended 31 December 20251continuedl Income and endown*nts Voluntary income including donations, Bifts, lègacies and grants that provide etsre fiJndin8 OT are of a general nature is reeogni5ed when thè tharity ha5 entitlèment to the income, it is probable that the income will be received and thè amount can bè mèasurèd with suffitiènt rèliability. Oonations and leBac5es are recognlsed on a recelvable basss when re[pt is probable and the amount can be ieliably measured. Grants a recognised when thè charity has an entitlement tothe funds and ariy conditions linked to the grant5 have been met. Where performance condition5 a attached to the grant and are yet to be met, the income is recognised as a liability 3nd included on the balance sheet as deferred income to be released. Dividends are recognised once the dividènd has bÈen de¢lafed and notifrcation has been received of the divldend due. Expendlture All expenditure is cOgnised once there is a legal or construttivè obligation to that ÈxpÈnditurÈ. rt is probable settlèment is required and thè amount tan be measurèd lIablY. All costs are allocated to the applicable expenditure heading that a8Bregate Similar cost5 to that category. Where cost5 cannot be dlrectly attributed to particular headings they have been allocated on a basis consistent with the use of soUrCes. with ntral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the assevs use. Other support costs are allocated based on the spread of staff tosts. Charitable expenditu comprises those costs incurred by the charity in the delivery of its actTrvitiÈs and sèNitès for its beneficiarFes. It inclLtdes both costs that can be allated dirertly to such artivities and those Costs of an indirect nature necessary to support them. Support costs Support costs include central functions and havè been allocated to actiwty Cost categoriès on a basis cDnsi5tent with the use of resourtes, for example, allocating Property costs by floor areas, or per capits, staff Costs by the time spent and other costs bytheir usage. Taxatlon The th3rity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and trefOre it meets the definttion of a d)aritable cornpany for UK torporation tax purposes. A¢cordingly. the charity is potentlally exempt from taxatK>n in $pert of income or opitsl gains ceiVed within categories covere(I by Chapter 3 Part 11 of thè Corporation Tax Art 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992. to the extentthat such income orgalns are applied extlusively to charttable purposes. Current asset In¥ostmÈnts Current asset investments a included at the lower of cost and net reallsable value I market value. Pa8e 12
The Parochlal Church Councll of St Paul, Deptlord Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Trade debtors Trède debtors are amounts due from Customers for merchandlse sold or servlces performed in thÈ ordinary course ol business. Trade debtors arè recognised initially at the transactlon prlce. They are subseouently measured at amortised cost using thÈ effertNe interest method, less provislon for Impalm)ent. A provision for the imp3irmÈnt of trade debtors is estsblished when there is objèrtive evidence that the charFty wlll not be able to collect all amounts due according to the original tem)s of the feceivables. C*h Ind cash •qul¥alethts Cash anil cash equivalents comprise cash on hand and call depos4ts, and other short-tenn h4ghly liquid investments that are readily convertible to a known amount of cash and are subjert to an in5i8nificant Ti5k of changÈ in valuÈ. Fund strurture Unrestricted income fvnds are general fvnd5 that are available for use at the trustees discretion in furtherance of the objectives of the charity- Restritted income funds are those donated for use in a particuSar area or for specific PUTP05e5, the use of which is restricted to that area or purptsse. 3 Income from donatlons and le8acl•s Unrestrlcted funds Genèrnl Total 2025 Total 2024 tlonation5 and legacies,. Collecttons Gift aid reclaimed Grants, including capital 8rant5: Listed Place5 of Worship Planned givtrtg 21,001 7.282 21,(1)I 7,282 12,413 5,233 464 23,942 23,942 33,470 52,689 52,689 51,560 4 Investment Income Unrestrlrted fvnds General Totsl 2025 T¢>tal 2024 Interest receile and Similar income,. Interest reIVable on bank deposits 4,432 4,432 4,903 Page 13
The Parochlal Church Councll of St Paul. Deptford Notes to the Flnanclal Statsments for the Year Ended 31 December 2025 (continued) 5 Expendlture on Charitsble activlties Total Total 2024 Quots paid to Dic£èse Clergy expenses Sanctuary expenses Church running expenses Music 21785 202 1.294 19,748 22.203 2,056 3,743 15,349 102 Church maintenance 5.403 6,430 2,998 Support costs 58,162 52,356 6 Analysls of support ¢asts Support cosls Totsl 2025 Total 2024 Telèphone frdx Printing, postage and stationery Computer software Independent examination Bank charges 1,035 3,059 172 1,079 2,475 246 2.118 46 2,034 71 6,430 5,905 7 Taxation Thè charity is a règistered charity and is tlwrèfofe exempt from taxation. 8 TNsttts remuneration and expens•5 C*Jrin8 the year the charity madè the following transactions with trustee5: Revd Fr Paul Butler £2,$4712024-. £1,812> of expÈnses were relmbursed to Revd Fr Paul Butler durlng the year. Jonathan Coote £9012024= £Nill of expenses were relmbursed to Jonathan Coote during the year. hto trustees, nor èny persons connÈttÈd with thern. have received any remuneration from the tharity duiin8 the year. No trustees have reiVed any other benefits from the chartty during thé yèar. Page 14
The Parochial Church Coun¢ll of St Paul, Deptford Notes to the Flnancial Statements for the Year Ended 31 December 2025 (continued) 9 Related pwtytran5a(tlons All related partytransactions have been inlcuded under trustee5 remuneration and expense rte. 10 Dèbtors 2025 2024 Prepayments Other debto 2,887 5,378 2,836 5,143 7,979 11 Current asset In¥tMentS 2025 Z024 Listed othershares 243,887 247,540 12 Cash and cash equlv#lents 2025 2024 Cash on hand 2.115 265,404 2,656 266,347 Cash at bank 267,519 269,003 13 Credllots: amounts fallSn8 due wlthin one year 2025 2024 Other creditors Accruèls 2,303 5,625 4,270 3,815 7.928 8,085 Page 15
The Parochial Church Coun¢ll of St Paul, Deptford Notes to the Flnanclal Statements for the Year Ended 31 December 2025 (tontinued) 14 Funds Balancèot Other 31 Resources recognlsed l)Ècember expended rdlrtslllosses 2015 Balante at i January 2025 Incomln r•sources Currentperlod Unrestrl¢ted General Funds 245,980 57.121 158,1621 13,6531 241.286 Restrlcted Thame5 reWaY Tunnel A4et Protectlon Agreement 270.457 270.457 Totsl fur$ 516,437 57,121 158,1621 13.6531 511.743 Balance at 31 DKember 2024 Balance at i January 2024 Incomln R•50urces reco8ftlsed p4ndqd 8alnslllossesl r•sour£es Previous perlod Unre5trlct•d General Funds 222.983 56.463 152,3561 18,890 245,980 R•strlcted Thames Tideway Tunnèl knet Protection Igreement 270,457 270,457 Total funds S2,3561 18,890 516,437 The specific purposes for which the funds a to be applied are as follows.. Thames ndeway Tunnel Asset Protettion Agreement- Annual 8rant received initially to fund an admin officer however, pemiission was granted to allow this money to be used to seed the church'5 development projett. Page 16
The Parochlal Church Councll of St Paul, Deptford Notes to the Financial statements for the Year Ended 31 De¢ember 2025 (continued) IS Analysls of net ass•ts between funds Currentperlod Unrèstrlct•d funds Gèneral Total funds 2025 nds (rrent assets 249,214 17,9281 270.457 519,671 7,928 Current Ilabllities Total net assets 241.286 270.457 511,743 Prevlous perfod Unrestrlcted funds General Total funds at 31 Detemljer 2024 Restrlct funds Current assets Current liabilrtiès 254.065 270.457 524,522 18,085 Total net assèts 245,980 270,457 516.437 Pw17