St. PAUL'S CHURCH, HADLEY WOOD, TRUST
(Charity No. 1197668)
ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2024
By order of the Charity Commission for England and Wales dated 2 November 2022 the
transfer of all assets and liabilities of St. Paul's Church. Hadley Wood, Trust {1132527) to
Ihis CIO was 8Uthofised and at a meeting of the trustees held on 6 December 2022 it was
resolved that such a transfer take place effective from 1 January 2023.
The address of the trust is 34 Crescenl East. Hadley Wood, Hertfordshire EN4 OEN.
The trustees who served through the year were-
J. T. Hall
R. T. Dargue
The Rev. Dr. K.R. Birkett
K. Politzer
Additional trustees have been appointed effective from 1st January 2025.
E. N. Ewer
N.J. Northam
The Iruslees select and appoinl new trustees.
The tnjstees have complied wtth their duty of Ca￿ to have due regafd lo the guidance on
publi¢ benefit published by the Charity Commission in the exercise of Iheir powers or duties.
REVIEW
The trust held the church premises of Sl. Paul's Churth, Hadley Wood and the vicarage
premises 34 Crescent East, Hadley Wood plus other assets during the year for the
benefit of the church communty.
The income of the trust during the year from all sources tolalled £5.260. The trust
in¢vrred no expenditure during the year with the result that Ihere was a surplus of re¢eipts
over payments of £5.260. This surplus has been added to the Expendable
Endowment leaving a balan￿ to Cary forward of £73.308.
INVESTMENT POLICY
The trustees intend to follow a prudent investment policy and invest the majority of long lenn
financial as5els in collective investment funds appropriate to chartlies in order to seek lo
obtain a good relum of income and capital protection. The trustees do not wish to impose
reslriclions because of the ethical nature of particular investments but leave these matters lo
the investment managers who are investing Specifically for charibes.
Approved by the Trustees and signed on their behaw
J. T. Hall
ChaiThnan
29th April 2025
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St. PAUL'S CHURCH, HADLEY WOOD, TRUST
{Charity No. 1197668)
UNRESTRICTED RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31st DECEMBER 2024
2024
2023
RECEIPTS - income from assets
M & G Charrfund dividends
COIF Investment dividends
COIF Deposit interest
3,801
1,275
3,611
1,257
5,260
4,877
PAYMENTS - other expenditure
Legal fees for trust advice
1,040
1,040
Surplus of re￿ip1S over payments
5,260
3,837
Expendable Endowment balance brought forward
68,048
64.211
Expendable Endowment balance carried forward
73,308
68,048
Recelpts and payments basis of accounts
Revenue and expenditure is recorded on a receipts and payments basis
when preparing these accounts.
Equipment costs
Expenditure on equipment and moveable frttings at the vicarage property
is written off as an expense when purchased and is not capitalised.
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St. PAUL'S CHURCH, HADLEY WOOD, TRUST
(Charity No. 1196668)
BALANCE SHEET 31st DECEMBER 2024
2024
2023
TANGIBLE FIXED ASSETS
Land and buildings al cost of prewous trusts
Church - expenditure in 1911
Church H811 {estimaled costs)
Church H811 extension costs
Vicarage property
1,475
50,000
169,689
208,663 429.827
1,475
50,000
169,689
208,663 429,827
Inveslmenls al cost of previous trusts
4.223 M&G Charifund units
2,308 COIF Charities Investment Fund units
Market value £109.017 {2023- £106.404)
37,480
25,000 62,480
37,480
25,000
62,480
492,307
492,307
CURRENT ASSETS
COIF Charilies Deposit Fund
Barclays Bank
4.816
6.012
132
5.436
10,828
5.568
503,135
497,875
Financed by-
PERMANENT ENDOWMENT
429.827
429.827
EXPENDABLE ENDOWMENT
Balan￿ 1st January 2024
Surplus for the year
68,048
5,260 73.308
64.211
3,837
68,048
503.135
497,875
Approved by the Trustees and signed on their beha
J. T. Hall
Chaiman
29th April 2025
Page 3