# **ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PARISH OF ST PAUL OADBY** **Registered Charity number 1186637** **Year ended 31[st] December 2020** # _**Legal and Administrative Information**_ ## _**Ministers**_ Revd. Steve Bailey, Team Rector Revd. Mohammad Eghtedarian, Intercultural Pioneer Minister Revd. Maria Jukes, Curate ## _**Church Wardens**_ Mr Paul Webster Mrs Anita Chettle ## _**Principal Office**_ St Paul’s Church, Hamble Road, Oadby, Leicester LE2 4NX ## _**Parochial Church Council**_ The membership of the PCC is determined in accordance with Church Representation Rules (Synodical Government Measure 1969) as amended 2006. The membership of the PCC is presented on the next page. ## _**Independent Examiner**_ Yvonne Woodford FMAAT, Woodford Norman Accounting, 7 Kevern Close, Wigston, Leicester, LE18 2GR ## _**Bankers**_ CAF Bank Ltd., 25 Kings Hill Avenue, Kings Hill, West Malling, Kent MG19 4JQ ## _**Legal Representative**_ The Diocesan Registrar, St Martin’s East, Leicester LE1 5FX _Page 1_ ## **Parish of St Paul Oadby** St Paul’s, Oadby Parochial Church Council (PCC) has the responsibility of co-operating with the Team Rector, the Revd. Steve Bailey, in promoting the ecclesiastical parish of St Paul, Oadby, seeking to further the whole mission of the parish, and engaging in Christian worship, pastoral care, evangelistic outreach, and fostering community wellbeing. The PCC is also specifically responsible for the maintenance of St Paul's Church and the Barnabas Centre. Members of the Council who have served since the commencement of the financial year (1[st] January 2020) until the approval of the accounts (2[nd] March 2021) are: |Rev S Bailey|Dr H James|Mrs R Smith| |---|---|---| |Dr R Sundaram|Mrs V James|Mr P Webster| |Mr C Chettle|Mrs C Kilbourne|Mrs T Webster| |Mr B Philpott|Miss L McGoldrick|Mrs A Chettle| |Mrs C Potter|Mrs G Sharpe|Mrs K Johnson| |Mrs R Philpott|Mr J Sawbridge|| The Council members who served for only part of the stated period are: Rev Mohammad Eghtedarian (From 1[st] April 2020), Rev Maria Jukes (From 2[nd] July 2020) Dr Anita Annakesavan (from 25[th] October 2020) On 2[nd] Feb 2021, Mr Alan Penter took on duties of Secretary and attends both the PCC and Standing Committee in that capacity only. Since the Annual Parochial Church Meeting which was due on April 5[th] 2020, but postponed to 25[th] October 2020 due to Covid 19, there have been 7 meetings of the Council and 9 meetings of the Standing Committee, all of which have taken place via Zoom. At the meeting on 3rd November 2020, the following officials were elected: Chair: Ruth Smith Vice Chair: Steve Bailey Treasurer: Bryan Philpott Electoral Roll Officer: Ruth Smith Secretary: Anita wished to stand down from this role and members were asked to consider possible candidates and a notice with a job description would be put on the news sheet. This meeting also agreed the Standing Committee: Rev S Bailey Mrs R Smith Mr P Webster Mr B Philpott Mrs A Chettle Mrs V James The Standing Committee is a legally constituted sub-committee of the PCC. It meets between full PCC meetings and serves the PCC by preparing agendas and conducting _Page 2_ urgent business which cannot wait for the next full meeting. It may also prepare briefings for the PCC to inform the discussions. ## **Coronavirus 2020** At the time of preparing this report the Coronavirus pandemic is affecting the whole world, with implications for the financial situation of most churches including St Paul’s and as to how the church continues to operate. Although in following national Church of England guidelines, with the church building itself closed, and limits on weddings and funerals, the church is very much alive. We have embraced modern communication technology and are able to stream live services from St Paul’s, accessed prayer meetings and other services from many local churches and keep in regular contact with members of our church family. As a result of the closure of the buildings there will be a loss of rental income from the organisations which use the facility, and there is also some impact on financial giving, but we have managed to remain financially stable by God’s grace and members’ generosity. ## **Structure, governance, and management** The PCC of the Parish of St Paul’s, Oadby is required, as stated in the Parochial Church Councils (Powers) Measure 1956, to co-operate with the Team Rector and Ministry Team in promoting in the Parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. Charity law requires the Parochial Church Council (PCC) Members, who act as trustees under charity law, to prepare financial statements for each financial year that give a true and fair view of the PCC's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the PCC Members should follow best practice and: - select suitable accounting policies and then apply them consistently to make judgements and estimates that are reasonable and prudent, - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements, - prepare the financial statements on an on-going concern basis unless it is inappropriate to presume that the PCC will continue in operation. ## **Objectives and Activities** The PCC is committed to fostering accessible and reverent worship at St Paul's that is attractive and relevant to the people of Oadby. A primary aim is to enable people to belong to a loving, supportive Christian community: the church has been successful in 2020 in providing this. The PCC maintains an overview of worship throughout the parish and has encouraged excellence in the Sunday and weekday services in a range of different worship styles which seek to cater for all age-groups and a wide range of preferences. All our services seek to put faith into practice through prayer and scripture, music and sacrament. _Page 3_ When planning our activities for the year, the incumbent and the PCC have (in accordance with the Commission's guidelines) been particularly concerned about the public benefit of what we do in the parish as well as adhering to the specific guidance given to charities for the advancement of religion. In all our work, we try to enable ordinary people to live out their faith as part of their church community through: - Worship and prayer; learning about the Gospel; and developing their relationship with Jesus as Lord and Saviour. - Providing pastoral care for people living in the Parish. - Evangelistic outreach work. To facilitate this work, it is important to maintain the fabric of all our buildings — St Paul's Church and the Barnabas Centre. ## **Achievements and Performance** ## Worship and Prayer The PCC have provided throughout the year a range of services, in church (when possible within the national Covid restrictions) and online, that those who attend have found beneficial and spiritually fulfilling. Sunday worship has continued to attract good attendances in church and online, while the mid-week Holy Communion have continued to provide a quiet, intimate style of worship. There has been a strong emphasis on communicating the Christian faith through preaching, teaching, and multi-media presentations. All are welcome to attend services at St Paul's. At present there are 110 on the Church Electoral Roll. Sunday attendance has been hard to count this year as attendance has been mainly online but it interesting to note the high number of views on the service videos on You Tube. As well as the regular services, the parish enables the community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of new life; in marriage, public vows are exchanged with God's blessing; and through funeral services, friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. We have celebrated 1 baptism; no weddings; and have conducted 25 funerals in the period 1st January 2020 to 31[st ] December 2020. ## Deanery Synod Three of the PCC sit on the Deanery Synod in addition to the clergy. From April 2020 to March 2021, 2 Deanery Synod meetings took place. ## St Paul's Church St Paul's is a vibrant church in the open-evangelical tradition. It is part of the Church of England and its Parish serves Oadby, east of the A6. It is also part of a larger group of parishes, called a "Benefice," which includes St Peter's Oadby, Great Glen and Burton Overy with Carlton Curlieu. We seek to be a church for all ages, backgrounds, cultures and nationalities, that is growing and following Jesus. We have a congregation of about 80 at our main Sunday _Page 4_ service and are always pleased to welcome enquirers and visitors. St Paul's has made prayer space available in the side chapel, while its main worship area has been used extensively by the wider community. The God focussed purpose of the church is clear to all users, through the well-lit porch, visible from the pavement, which points to the Word of God in Jesus. The Barnabas Centre, and St Paul's Church continue to be used greatly by the wider community of Oadby, thus fulfilling an important social and outreach need as well as generating substantial income for the parish. As mentioned above, this year many of our intended activities have been unable to take place due to government Covid-19 restrictions. The PCC pays its employees a minimum of the National Living Wage and provides a contributory workplace pension to a member of the lay staff so entitled, who has taken this up with CWPF. There are no other qualifying members for workplace pensions. Some members of the parish are unable to attend church due to sickness or age. At St Paul's, the home-groups provide good pastoral care to their members. ## Mission and Evangelism The Parish of St Paul’s, Oadby continues to be challenged by demographic change in Oadby and changes in society towards church going. Youth Work continues to feature strongly at St Paul's headed up by Louise McGoldrick. Important links with our Mission Partners have been sustained. St Paul's continues to tithe against donated income received, and this has resulted in 2020 of £10,900 being set aside for charitable causes both locally and overseas. ## Safeguarding Safeguarding continues to be of paramount importance. Rosie Philpott is the Parish's Safeguarding Officer. Safeguarding practices are regularly reviewed by the PCC. ## **Financial Review** ## Reserves policy It is the PCC's policy to maintain adequate cash reserves within the general and designated funds each year to cover operational costs for on-going gross salaries and essential running costs as well as allowing for necessary repairs and replacement of equipment used by the church for 6 months. The reserves in the General Fund have been maintained in accordance with the Archdeacon's recommendations for a robust Reserves Policy. ## Workplace Pensions St Paul’s Oadby PCC participates in the Pension Builder Scheme PB2014 section of the Church Workers Pension Fund for lay staff. This cash balance section Scheme is _Page 5_ administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. ## Fund Defcits There are currently no fund deficits at the beginning or end of the financial year, and it is anticipated that the finances are in good shape for at least the next 12 months. ## Financial Report 2020 It is my pleasure as Treasurer of the Parish to present the Financial Review for 2020. Mr Bryan Philpott 13[th] March 2021 _Page 6_ ## **Statement of Financial Activities** |**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**|**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**| |---|---| |**Income and endowments from:**|| |Donations and legacies|102,816
500
—
103,316
103,976| |Income from charitable activities|83,526
—
—
83,526
24,398| |**Total income**|**186,342**
**500**
**—**
**186,842**
**128,374**| ||| |**Expenditure on:**|| |Expenditure on charitable activities|179,215
83
—
179,298
121,205| |**Total expenditure**|**179,215**
**83**
**—**
**179,298**
**121,205**| ||| |Gains / losses on investment assets|—
—
—
—
29,550| |**Net income / (expenditure) resources**
**before transfer**|**7,127**
**417**
**—**
**7,544**
**36,719**| ||| |**Transfers**|| |Gross transfers between funds - in|—
—
—
—
7,068| |Gross transfers between funds - out|—
—
—
—
(7,068)| |**Other recognised gains / losses**|| |**Net movement in funds**|**7,127**
**417**
**—**
**7,544**
**36,719**| ||| |**Total funds brought forward**|**303,099**
**37,461**
**—**
**340,560**
**303,841**| ||| |**Total funds carried forward**|**310,226**
**37,878**
**—**
**348,104**
**340,560**| _Page 7_ ## **Balance sheet** ||**Total funds Prior year funds**| |---|---| ||| |**Fixed assets**|| |Tangible assets|215,000
215,000| ||**215,000**
**215,000**| ||| |**Current assets**|| |Debtors|603
779| |Investments|110,250
—| |Cash at bank and in hand|36,682
146,280| ||**147,535**
**147,059**| ||| |**Liabilities**|| |Creditors: Amounts falling due in one year|14,431
21,499| ||**14,431**
**21,499**| ||| |**Net current assets less current liabilities**|**133,104**
**125,560**| ||| |**Total assets less current liabilities**|**348,104**
**340,560**| ||| |**Total net assets less liabilities**|**348,104**
**340,560**| ||| |**Represented by**|| ||| |**Unrestricted**|| |General fund|11,600
5,736| ||| |**Designated**|| |Buildings Fund|215,000
215,000| |Sunday School Fund|4,216
2,953| |St Paul's Mission Fund|79,410
79,410| ||| |**Restricted**|| |Flower Fund|427
—| |St Paul's Maintenance|35,888
35,888| |Youth Club Fund - St Paul's|1,563
1,573| ||| |**Funds of the church**|**348,104**
**340,560**| ||| _Page 8_ ## **Statement of assets and liabilities** ||**This year**
**Last year**| |---|---| |**Tangible assets**|| |**Barnabas Centre**|| |Buildings Fund (Designated) -|215,000
215,000| ||**215,000**
**215,000**| ||| |**Total for Tangible assets**|**215,000**
**215,000**| ||| |**Cash at bank and in hand**|| |**Petty Cash**|| |Flower Fund (Restricted) -|(5)
—| |Sunday School Fund (Designated) -|(83)
(83)| |General fund (Unrestricted) -|162
108| ||**74**
**25**| ||| |**CAF Bank - St Pauls current account**|| |Flower Fund (Restricted) -|432
—| |St Paul's Maintenance (Restricted) -|888
35,888| |St Paul's Mission Fund (Designated) -|4,410
79,410| |Sunday School Fund (Designated) -|4,299
3,036| |Youth Club Fund - St Paul's (Restricted) -|1,563
1,573| |General fund (Unrestricted) -|25,016
26,348| ||**36,608**
**146,255**| ||| |**Total for Cash at bank and in hand**|**36,682**
**146,280**| ||| |**Debtors**|| |**Accounts Receivable**|| |General fund (Unrestricted) -|603
779| ||**603**
**779**| ||| |**Total for Debtors**|**603**
**779**| ||| |**Investments**|| |**CCLA deposit account**|| |St Paul's Maintenance (Restricted) -|35,000
—| |St Paul's Mission Fund (Designated) -|75,000
—| |General fund (Unrestricted) -|250
—| ||**110,250**
**—**| ||| |**Total for Investments**|**110,250**
**—**| ||| |**Creditors: Amounts falling due in one year**|| |**Accounts Payable**|| |General fund (Unrestricted) -|(14,431)
(21,499)| ||| |**Total for Creditors: Amounts falling due in one year**|**(14,431)**
**(21,499)**| ||| |**Grand total**|**348,104**
**340,560**| ||| _Page 9_ ## **Fund movement by type** ## **Opening Incoming Outgoing TransfersGains/losses Closing** ||**Opening Incoming Outgoing TransfersGains/losses Closing**| |---|---| |**Building - Buildings Fund**|| |Designated|215,000
—
—
—
—
215,000| |**Sub-total for Building**|**215,000**
**—**
**—**
**—**
**—**
**215,000**| ||| |**FLO - Flower Fund**|| |Restricted|—
500
73
—
—
427| |**Sub-total for FLO**|**—**
**500**
**73**
**—**
**—**
**427**| ||| |**SF - Sunday School Fund**|| |Designated|2,953
1,999
735
—
—
4,216| |**Sub-total for SF**|**2,953**
**1,999**
**735**
**—**
**—**
**4,216**| ||| |**SPAM - St Paul's Maintenance**|| |Restricted|35,888
—
—
—
—
35,888| |**Sub-total for SPAM**|**35,888**
**—**
**—**
**—**
**—**
**35,888**| ||| |**SPAMF - St Paul's Mission Fund**|| |Designated|79,410
—
—
—
—
79,410| |**Sub-total for SPAMF**|**79,410**
**—**
**—**
**—**
**—**
**79,410**| ||| |**YCFPA - Youth Club Fund – St Pauls**|| |Restricted|1,573
—
10
—
—
1,563| |**Sub-total for YCFPA**|**1,573**
**—**
**10**
**—**
**—**
**1,563**| ||| |**General - General fund**|| |Unrestricted|5,736
184,343
178,480
—
—
11,600| |**Sub-total for General**|**5,736**
**184,343**
**178,480**
**—**
**—**
**11,600**| ||| |**Grand total**|**340,560**
**186,842**
**179,298**
**—**
**—**
**348,104**| ||| ## **Analysis of income and expenditure** |**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
4000 - Plate Income
288
—
—
—
288
1,410
4030 - Stewardship
70,931
—
—
—
70,931
68,479
4040 - Tax Rebate for Gift Aid
14,737
—
—
—
14,737
17,496
4100 - Church Donations
16,860
—
500
—
17,360
12,390
4120 - Grants
—
—
—
—
—
4,200
Total
102,816
—
500
—
103,316
103,976
**Income from charitable activities**
4500 - Fees
275
—
—
—
275
267
4501 - Interest
250
—
—
—
250
677
4550 - Special Collections
444
—
—
—
444
1,316
4590 - In/Out Receipts
74,834
—
—
—
74,834
3,541
4600 - Lettings
5,725
—
—
—
5,725
16,267
4800 - Photocopier Income
—
—
—
—
—
7
4900 - Sunday School
—
1,999
—
—
1,999
2,322|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
4000 - Plate Income
288
—
—
—
288
1,410
4030 - Stewardship
70,931
—
—
—
70,931
68,479
4040 - Tax Rebate for Gift Aid
14,737
—
—
—
14,737
17,496
4100 - Church Donations
16,860
—
500
—
17,360
12,390
4120 - Grants
—
—
—
—
—
4,200
Total
102,816
—
500
—
103,316
103,976
**Income from charitable activities**
4500 - Fees
275
—
—
—
275
267
4501 - Interest
250
—
—
—
250
677
4550 - Special Collections
444
—
—
—
444
1,316
4590 - In/Out Receipts
74,834
—
—
—
74,834
3,541
4600 - Lettings
5,725
—
—
—
5,725
16,267
4800 - Photocopier Income
—
—
—
—
—
7
4900 - Sunday School
—
1,999
—
—
1,999
2,322| |---|---| ||—
1,999
—
—
1,999
2,322| |Total|81,528
1,999
—
—
83,526
24,398| _Page 10_ **INCOME TOTAL** 184,343 1,999 500 — 186,842 128,374 ## **EXPENDITURE** ## **Expenditure on charitable activities** |5000 - Parish Gift
6000 - Salaries & Honoraria -
Church
6900 - Staf Expenses
7100 - Church Water Rates
7200 - Church Electricity
7205 - Church Gas
7250 - Insurances - Church
7325 - Sunday School
7330 - Youth Club
7500 - Administration
7530 - Photocopier
7550 - Telephone
7570 - Licences
7590 - In / Out Disbursements
7600 - Wages & Salary Costs
7620 - Auditors Fees
7800 - Repairs & Maintenance -
Church
7880 - Technology
7900 - Bank Charges
8210 - Church Expenses
8212 - Flower expenses
8240 - Donations - Outwards
8252 - Special Collections
8265 - Presentations
8290 - Mission, Training &
Resources|45,540
—
—
—
45,540
45,530
27,152
—
—
—
27,152
30,674
1,259
—
—
—
1,259
1,204
695
—
—
—
695
761
1,332
—
—
—
1,332
1,852
1,076
—
—
—
1,076
1,494
1,933
—
—
—
1,933
2,632
—
735
—
—
735
2,194
—
—
10
—
10
128
246
—
—
—
246
167
65
—
—
—
65
142
838
—
—
—
838
799
727
—
—
—
727
903
74,834
—
—
—
74,834
3,541
554
—
—
—
554
484
(141)
—
—
—
(141)
366
4,750
—
—
—
4,750
3,899
760
—
—
—
760
506
120
—
—
—
120
60
1,693
—
—
—
1,693
2,167
—
—
73
—
73
—
10,900
—
—
—
10,900
17,251
444
—
—
—
444
1,316
70
—
—
—
70
103| |---|---| ||3,632
—
—
—
3,632
3,033| |Total|178,480
735
83
—
179,298
121,205| |**EXPENDITURE TOTAL**|178,480
735
83
—
179,298
121,205| ||| |**GRAND TOTAL**|5,864
1,263
417
—
7,544
7,169| Approved at the PCC Meeting on 22[nd] March 2021 and signed on its behalf: Revd. Steve Bailey Team Rector ………………………………………………. Mr Bryan Philpott Parish Treasurer ………………………………………………. Mr Paul Webster Church Warden ………………………………………………. _Page 11_ Mrs Anita Chettle ………………………………………………. Church Warden ## INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF St PAUL’S CHURCH, OADBY PAROCHIAL CHURCH COUNCIL – CHARITY NUMBER 1186637 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020. ## Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which attention should be drawn to enable a proper understanding of the accounts to be reached. Mrs Yvonne Woodford FMAAT Woodford Norman Accounting, - 7 Kevern Close, Wigston, Leicester, LE18 2GR Date: 22[nd] February 2021 _Page 12_