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 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 Trust￿5, ReSpO￿lbIlItI0S 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 ir￿Ulariti￿g. 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 charl￿S 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 De￿fflber 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 COU￿11 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 all￿ated 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 t￿refOre 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 recei￿￿le and Similar income,. Interest re￿IVable 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 2￿02 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,$4712024-. £1,812> of expÈnses were relmbursed to Revd Fr Paul Butler durlng the year. Jonathan Coote £9012024= £Nill of expenses were relmbursed to Jonathan Coote during the year. hto trustees, nor èny persons connÈttÈd with thern. have received any remuneration from the tharity duiin8 the year. No trustees have re￿iVed any other benefits from the chartty during thé yèar. Page 14 The Parochial Church Coun¢ll of St Paul, Deptford Notes to the Flnancial Statements for the Year Ended 31 December 2025 (continued) 9 Related pwtytran5a(tlons All related partytransactions have been inlcuded under trustee5 remuneration and expense r￿te. 10 Dèbtors 2025 2024 Prepayments Other debto 2,887 5,378 2,836 5,143 7,979 11 Current asset In¥￿tMentS 2025 Z024 Listed othershares 243,887 247,540 12 Cash and cash equlv#lents 2025 2024 Cash on hand 2.115 265,404 2,656 266,347 Cash at bank 267,519 269,003 13 Credllots: amounts fallSn8 due wlthin one year 2025 2024 Other creditors Accruèls 2,303 5,625 4,270 3,815 7.928 8,085 Page 15 The Parochial Church Coun¢ll of St Paul, Deptford Notes to the Flnanclal Statements for the Year Ended 31 December 2025 (tontinued) 14 Funds Balancèot Other 31 Resources recognlsed l)Ècember expended rdlrtslllosses 2015 Balante at i January 2025 Incomln r•sources Currentperlod Unrestrl¢ted General Funds 245,980 57.121 158,1621 13,6531 241.286 Restrlcted Thame5 r￿eWaY Tunnel A4et Protectlon Agreement 270.457 270.457 Totsl fur￿$ 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