CATHOLIC APOSTOLIC CHURCH IPADDINGTONI GENERAL PURPOSES FUND {Regi%lered wilh the Charity Commi%%ioner.%) REPORT AND FINANCIAL STATEMENTS YF.AR ENDED 31 DECEMBER ?021 Regislered Ch41riiy NumbL'r.' 245205
PADDINGTON CHURCH TRUST Year ended 31 December 21121 Legal and Administration Information Charily name: Catholic Aposiolic Church (Paddinglonl General Purposes Fund more 4horily known d% PdddinDlnn C.hurLh Trust Charity Registration Number: 24S?11S Trustees.. Giirdi)n Miihael C.hIr1L% C¢iner Andrew David Kilmaine de Ferrars Jame% Kilmaine Grahdm dc Ferrar Benjamin J¢inie% Viney Address: 161?0 Muidd AvL'nuL, L(>nd()n W? I SR. Audltnrs: Saftery Champne.q% LLP of 71 Quccn Vicioria Sireet. London, F.C4V 4BF. Bankers: Naiional we5tinin.ster Bank PIC of PO Box 221, Cnnnaughi House. 65 Aldwy¢h, l.lindcin WC2B 4EJ. Inveytment Manugers: BrL win Dc)Iphin Lid, Unti 14 IndiJii QuiLnb Industrial Eslale. W(ren Rodd, Indidn Queeni, Si. Colun)b. C(Iri)wall TRY 6TL.
PADDINGTON CHURCH TRUST
Report of the Trustees for the year ended .31 December 2021
The Trustees submit their rcport to(yether wilh the financial sraiemeni% ot the Charity tor the year
ended 31 DeLemb¢r 20? l. The tinancial 4iaiements have [en prepared on Ihc accountiiig policies
set C)Ul in the notes to the fincillLial statcmcnts and c()mply with the trusts reldting tL> the Chdrity. with
Accouiitino and Reporting by Charilie
Siaicni¢nl ol. Recommended Prdciice IFRS 102 SORP),
Accounting .814inddrd%. dnd with ihe Ch¢iri(ies ALI ?01 I.
l. Objeets and activities
Pdddington Church Trull 1% a religious purposes charity. It 1% con%tiluled of Ihree relaled tru%t% which
taken together torm the Caiholic Apustolic Chiii'ch IPadding*ion} Tru%t. These comprise a 1986
DuLl
PADDINGTON CHURCH TRUST
Report of the Trustees for the year ended 31 December 2fi21 (continued)
In the Autumn ot ?019. the ¢rackin&i in thc ceiling, side walls and windows ut tht we%1 end ot the
Church, which had been 5tabilised in 21114. became apparent agdin, requiring fullhcr movement
urvey4 by ihe SiruLtural }.nu]neerg. These have L(illlinued thrLiugh()ul ?020 and 2021, logeiher wi(h
ground, velliLdlily, IdsLr scan and drain surveys. The Siruiiural Engiiieers h¢ive ddvised iha( pdrl ot
Ihe west end of the ChurLh nccd% to be underpinne(l in due course, u4ing spceidlist conlraciors.
followed, in due course. by repair% to ihe ceilings. side walls and windows. Work is in hand tu have
a SLhLme specitied and plans clrawn up, wilh applic41tiiin.% mLide t()r the ¢lPPfl)pfiiltL' ci)ntsent%. It
remain% unclear. yel. what ihe lime%Lale 1% for dll thi4. Whil4t C05t e%iimat¢% can only follow the
developmenr of devdiled plan%. the indicalionq are that the cost will exceed the relevant financial
8()IirLe.s (If the Trust. ALLI)rding'ly, the Trustee4 ¢ire in Ll)nver%iltii)ns wilh the Cath()lic Apnstnlic
Church Tru%1 PrL)perty, uliimdte owners ol. the property. reg¢irding the I'inaiicing ot. th¢ works. The
Siruciural Engincer% have conl'irmed Ihai ihey do not think it 1% lleces%dry [() cli)se Ihc building. subjeLI
til lh¥ affcLted area Ll)niinuing t() be i()rdi)ned i)ff.
In ?0? l. IhL pri)&*iamm¢ ot general M1}1¥11nce work conlinued.
3. Financial review
3.1 finanLidl
ThL RL%lriLtLcI Fund I'iir ihL' P(ii)r miide iii) gii'aiils. liiid recLived Olteringi i)1. £400. The Fui)d hu% an
undi4tribuled balance 01. £9.-51111 which 1% avdildble far fuiure grant%.
The Re%triLied Fund l()r Ihc Upkeep of the Church ha%. in 2112?
received a bcqueNI of £?29,71X) trom
a dcLc¢ised member ol. the C()ngiregTar tii)n whi) died in April 20?0.
The Tithe% received by thL ExpLnd¢ihlL EndowLd Fund amounted lo £8.3.oon. and dividei)d.% ()r
£111.61MI from 2 Listed Invcstmenis I'ollowina ihc .sale% ()( sc>iiie ot thLir busine%%cs: ner expenditure
uf £91K) W
PADDtNGTON CHURCH TRUST
Report of the Trustees for the year ended 31 December 2021 (continued)
Poor Fund (A RL%lricted Fund).
The Church Upkeep Fund IA Rc5tricied Fundl
Thank Offering) Fund (An Unre%tri¢led De%igindted Fund) li) be used al ihe disLretion of
Ihe Trusie¥5 in SLlPPOrt of the Trusi's Libjccts policies.
In operaiing Ihese Fund% the Trusiee% follow. far as Ihey are ablc. Ihe principles and procedure%
instituted in the Churches e%tabli%hed under Apostles.
4.1 Tiihe% Iin(l Otterin
The income of ihe Trust's Funds includes Tithe% Jnd Offering.% made by the congregation during
church service8. The following 1% a summary of them..
4.1.1 Tiihe
Tithe as u proportioii ol. income is paid 10 God by members of the Con<Fregalion 'in
obedienLe to His commandment, in honour of Hi.5 naine. and with a l-rce will and joylul
heart.. It is u%cd for the tsuppiln ()[ ihc Ministry. Ai pre%eni Tithe is ii%ed fi)r the
priiirii)gT and cli.4ti'ihuri()n ol. mini5tri¥s aiid almanaLS lo IhL congi'egatioii aiid uih¢r.% on
IhL mdiling li41. The Ti'u%tee% inve51 Tithe i)()l used for ihc priniiiig dnd dislribution of
ii)ini4lries and aliiiandL% dn eiidiiwi)ienf ti) bL LXPLndLJ 411 suLh tiiiic thdt the
Miiii41riL's 1)I' Ihti ChLirLh are SLt in ()rdLr jii. The inL()me I'i'i)111 IIN ji)vesimenl is paid
into the Generdl Offerii)g% Fund. which bedr4 ihe ittveslnienl mdnagemei)t lee.
4.1.2 Offerin
Gener£il Otfering.4 repre.4ent mi)nie4 pre%ented by the Ll)ngreg?aiii)n IiJr ihe gTeneral
purpo4e% ot Church w()r.4hip.
Poor Ol'lcring.s arc i)fiering8 made by Ihc congregation 8pecitically for the p(x)r. fjranls
mdde <irL ni)t i)f iiidi¢ri(Il dm()unis.
Thdnk Ol'tiring% di'e mdde by those who have a particular cau%¢ lo be Ih(inktul to the
Lord.
4.lJ Pri)
)Lrt
ThL Cdthi)IiL Api)bl()lii C.hui'Lh at 16nO Mdidd Avcnu¥ Pdddinglon Lond<)n W2 1 SR was Ioi'iiiLrly
le&i%ehold. bui ihe Ircehold wd% Jcquired in 19116 dl)d has beeii held upoii (ru41 by the Pdddiiig7lon
Church Trustee% (the 'Tru%lees') undLr a r)eclaralii)n (If Truil d1£ led 19 March 1986 (Ihc "1986
t)eclcifiltiiin i)f Tnis1"I m&idL by HLrbcrt Giirdi)n C41fiLr and i)thLrs (the then Tru5teesl. By ihis
DeCI&1110n c)ITru%l ihL Trustce.s hold Ihc Church building on behalf ol. Ihe ttu%teLS tor the lime being
(the "Principal Trustees") (If thL Principal Trust DeLd and up()n ihe tni.8t.s and wilh and subject lo the
pi)wers 41nd pri)visi()n% Li)n(
PADDLNGTON CHURCH TRUST Report of the Truste for the year ended 31 December 2021 leontinued) 42 Mdiiauement ot th¢ Trust The trust was nianaged during 2021 by the Tru%tees who are all Inembers of the congregation. Two of the Tru%iee% m¢¢t wcckly after Chur¢h serviLC% f()r tlie purw).%e i)f d41y Ci) d41y manilLTing ()f the trusi and con5ulI th¥ othcr Trustee% appropri4ilL: lull Trustees meetings drL. held during Ihe year to Inake poIILy deLi%ion%. Deci%ion.£ are mddc by the Trustee% aq a body. The Power 10 appoinl new Tru%lees 15 vested in Ihe Trustees. The TrLisILL%, l< % p.Iri nt iheir risk tn<incigemenl c()mmilmcnt. have <1 Maiiual getting. d()wn ihe funciion8 of the Charity.. il is updated iii regular interval%. The Tru%tces use pr()tc%4ion¢il advi4or% contractor.q 10 help ihem manage the riskq boih io and from the Church building8. Financial riqks are m(In¢i¥ied by extcrniil invegtment kidvi%i)r.%. Tru51LL5 drc %Llecled t'rom mcmb¢r.4 ()i- the congregdtion. New Tru.4fee% inducted by an initial interview wilh Ilie exi4ling Trusiees. to¥ciher with inlormation pack containing the relevani data ()f ihc bdLkgroLind i() Ihe Trust. 5. Reference and administratlve details These are %el ()U( ()n pa¥e l ()f ihis Repi)rt dnd FindnLidl Statemen14. 6. R¢luted Ch#rllles The Church in Paddinglon compri%e% ¢1 local congregdlion of Ihc CdiholiL Apostolic Chui'ch. In En¥?14inLI the Cdthi)IiL Api).411)liL C.hLirLh Trust Propertie.$ 1.8 u related charity: i)ther Lf)ngregcitiiin% exi41 4ibroad. 7. StutemL'nt Truslecs, resp()nsihilities The Tru%tLLS ar¢. rL%poii%ible lor pi'¥pariiiu the TrstLs. RLpori di)d (hL Iii)dnLldl %lalemenl% in aLCI)rdJii¢¢ willi (il)pliLablc Idw and Uniiid Kingdon) ALL()uniing SiJndai'd4 (Uniied KiiibTdoiii Generally AcLLPILd ALLI)Ul)tin&) Pr<iLiiiel. Th¥ law appliLable to LhJriliLb in Lngldnd & W¢ileN requirLs thL Iru%lLL% li) pr¢parL lindncial taten)en14 for e¢iLh findnLial yLar whiLh give d true and fair view of the 41¢ile of affdir% of the chdrily and of ihe incoming resource% and applica(icin ot resources of the Lhariiy l()I' (liai perii)d. In prepc?ring Ihc%e tinancial statements, the tnislees dre re4Liired to.. seleci .4uitdble accoui)(ing pulicie% and Ih¢n apply Ihem consistently; ob%crve the m¥ihods and principles in the Charities SORP- mdkL judTremenls and estiinatLS that arl ri(1solldble dnd prudent; sl¢ili whether uppliLablL aLLuuiiling standards have becn I'ollowed. subject to any material departure% disc104ed and expl¢iined in the tindncial %tatemenl%: prcpdrc ihc findncial %Latement% on ihe going coniern ba515 unle55 it is inappropriate to presume Ihal the chaiiiy will continue in business. The Trusiees are responsible tor keepiiig proper accounliiig record5 thdi di%close with reasonable accuracy at any tiiiie the finaniial pc)silion of Ihe Lhiirity and eiiable theiii to Ln%urL Ihdi ihL tinaiicial tatemeni% Li)niply with the Chiirities ALt ?0 I I, the Charity IALL(ILin15 and Repi)rt%) Reg?ul(ili(Trn.% 2008 and the provisions ot. the trust deed. They ate also respoiisible f'or safeiyudrdingi ihc assets ot Ihe charily and hence for taking redsonable step% I'or the preveniion and detection of fraud and o(her irregulariiies. Approved by the Trusiee% on sik T4 kn2 Signed
Cath&lic Apostolic Church (Paddington) (Jeneral Purposes Fund
Independent Auditors, report tts the trustees
Opinion
We have audited the financial %iatemen(b of Catholi¢ Apostolic Church (Paddinoton) General
Purposes Fund for the year ended .31 Deceinber ?()? I which Lomprise the report and financial
%tdiemen(s und ni)ie% [() Ihc tinancial .4[71eM¢ntS, incliidiniT qumm¢lry Clt signilicdnt CenUn1ing
policics. The tindnctal retM)riing framework thal h(IN been dpplicd in theii. preparalii)n is applicable
law and United Kin¥dotn Acci)unting Slandards. including Financial Reporting Standard 102. the
FTndnLicil Repurting Standard appliLable in the UK and RLpubliL of Ireland (United Kingd()m
Generally AcLePted Accoui)ling PraciiLe}.
In our opinion (he financial statements..
iive a Irue an(1 lair view (It'the %i¢il¥ nt the Charity's attairs a.8 ai 31 December 2021 and ()t its incoming
rc%ources and applicutioii of re%ource.% for Ihe ye4ir then ended;
have been i)roperly prepdred in accordlinee with Uniied Kingdom Generally Accepted Accounting
PraciiLe: and
hdve been prep¢ired in ILL()rdln¢e with the rcquiremenis i)f the Cliarities Aci ?0 I l.
Thi% report is made solely to the ¢h41rily'q (ru.%iee%, a body. in accordance wilh Pdrt 4 of ihe Chiwities
IAcLounl% and Reports) Regulations ?IK)8. Our iiudil work ha% beLn undertaken $0 ihal we might
.%laie li) ihL trusL¢es IhosL muiier5 we dfL re(iuirLd 10 51dle to th¢m in (in audilors repurt dnd tor no
()ther IlLirp(Ibe. Ti) Ihc ILIIILSt exlLnt permil(Ld by law. WL d(} n(>t aLLCPI ()r ii%.giiniL re.%pi)niibilily I()
unyi)ne (Trther ihdn the Lhdrity aiid Ihc Iru4lees il% <1 biidy, I'(Ir (iur <iudit wi)rk, li)r this repiirt, L)r f()r the
opinions we have I'ormed.
Busls for oplnlon
We L()nduLled i)ur audit in aLLI)rdan¢e with IntLrnclti(Iniil Stcinddrds Lin Audiiing IUK) IISAs IUKI)
and applicable law. Our respiin%ibililie4 under those stand<ird% 1¢ re funhcr de8cribed in the Aiidil()rs'
rcspon%ibiliiies for the audit of Ihc financial statement% ¥ecliC)n of our report. We are indepcndeni of
the Lharily in accorddnLe with Ihc cihiLal requircm¢nls thai dre relevant to our au
Other information The trustees are re5pon%ible for the other information. The other inforniation coinpri%es the inforniation includcd in the annual report. other than the financial statement.% and our auditor5, report thereon. Our opinion on the financial staiemenig does noi cover ihe oiher infom]ation and, excepi to the exlent oihLNi%e expliciily .%iaied in our report. WL do not express any tonn ot assurancc conLIu5iOii thereon. In connection with ()ur audit ot ihe findncial statements, i)ur resp()nsibility is li) read the ()ther infom)dti()n and, in doing so, Consider whether the uther information is ma(erially inconsistent with the finanLial statemcnt.4 or uur knowlcd(TC obi<iined in The audii or oiherwise appears to be maierially mi54tated. It we identify 4uch maicrial incon.%i51encie% Dr dpparent m¢ileriul miqstaiemenis. we are required to detLrmin¢ whether ihere 18 a mdteridl mi45lJlem¥nl in the Iinancidl.%tatemenis or a m¢ilerial misstdtement ot the Liiher inti)rtnatii)n. It. bdsed i)n the wiTrrk wc havc perl'i)rmed, we ci)nelude that there 14 .1 m<llLrial mi.%4iatement ot ihi% ()ther intormatii)n' we are required li? r¢pi)rt th£lt l<lLI. We have noihing to reporl in (his regard. MlltteTS on which we are required tts rep<)ri by LXLI'PtiDn Wc have nothin&T to report in respccl ol. the I'olluwing mallers in relaiion io which the Charilie8 IAcLount% and Rcporlsl Reguldliong ?Ii0ig r¢quire us lo report io you if, in our opinion.. the infi)rinatiiin gYiVLn in the TruslLei Annu&il Rep(irt ]% inLI)n%i%tent in tiny mdleri&il re%peLt with the tiiidnlidl %ldiemeiiiN', I)I' Ihe charity hds noi kLPI 4uf'liciLiiI dccounliiig record%: or the Iii)diiLial stdlemLI)t% dr¢ li(11 iii agyreeiiiLliI wilh ihe aLLOUII(ii)g recurd% 4ind reluri)s; or we hdve nut received illl the intormthlion dnd cxplanatiunl we require for our dudit. R¢qponsihili¢ies of trustees A% cxpl<iincd m()re fully in ihe Tru%tce5' Rc.%piin%ibilitic% Siaieinent sct out i)n P&ige 5, the Iru51ecs dre responsiblL lor Ihe prepai'ation of thL I'inanci611 %ldicment.s and for being .saiisfied that thcy give a true and fair view. and for %uch in(Lrnal Lontr()l a% the iru%tee% determine 1.% ncccssary to enable the prepdraiioi) of findncial slaiements that are free from mliieriiil mi%.%lulemeni, whethLr due 10 fraud or error. In preparing rhe findnLi411 statements, the tru%(ee% are respunsiblc flir <lS%CS.sing the Lh<irity's ability lo Ll)niinue ¥i)ing L()nLern, di.scI(1sing, as appliLiible. mdtier.s rel<ed t() g()ing L()llLCrn and using ihe goinn concern basi% ot accnuniingy unle.%% ihe Irusiccq ciiher in(end lo liquida(e the charify or to cease uperalioii%. vr have nu realistic alienialive but to do 50.
Audltors, responsibilities for the audit of the financial statements We have been appoinied as auditors under the Charirieq Aci ?[) I l and report in accordance with regulation% madc under that Act. Our objeciivcs to obtain rea5c?nable sUranCe ab()ut wherher ihe tinancidl statement% us a whole are frce fr()m matcri£il missliilemrnt. whether due t(} fraud i)r error. and tc) i%Nue an duditi)r%' rep()rt that inLludLs ()ur (Ipinilin. Redsondble dssurdnce 18 d high levcl of iissuranLc, but 14 ni)t a yiudr(iniee Ihdt an audit conduLied in dLLordance wilh ISAS IUKI will always dcieci a maierial mi%siai¢ment when il exists. Mis%(ateiiients can ari%L' fruin Iraud or error and are Lonsidered maicrial if. individually or in the aggregate. they could reasonably be expected 10 influence the economic decisions of u4ers tdken on the basis ot these fiiidncial scaiements. A furiher desLripti()n i)f ()ur re%pi)n%ibilities for the uudit (If the finanLial %tatement% 1% li)La(CLI un the FindnLial Rep()rtin¥Y CounLiI'% web%ile ai: www.frL'.l)ro.uklaudiltsrsre%pc)iisibiliiie5. Thi% des¢riplii>n fomig part of our auditors. report. (Lf .%affery Champne% LLP Churlered AcLOLiniJnls 71 Quecn Victoria Sir¢el Li)ndi)n EC4V 4BE SiJlulory Auditor Ddte.. 2 4 ts.fj4sE 2012 Sdffcry Champness LLP is eligible to act as dn iiudilor in ternii of seclion 1212 of the Companies Act 2(X)6
PADDINGTON CHURCH TRUST Statement of Financial Activities for the year ended 31 December 21121 Notes Unrestrieted Restricted F.ndowed Fund.5 Funds Fund 2021 2021 2021 £'OIM)s £'(MMIs Total 2021 Total 21120 £'IM105 Income and endowments frum: DonJtions and legacies Invc4lmenls' ?6.1 ?30.1 83.0 10.6 93.6 339.? 108.9 73.2 182.1 97.8 230.1 421.5 Expendlture on: Raiging fund Chiirit¢ible aLlivilies Total Iyet gains on investments 1.3 & 6 Net incomel(expendlture) (22.3) (19.71 128.14 1148.5) 26.11 59.6 114.4 11.36.71 0.0) 111.9) 1137.61 38.9 230.1 274.7 465.9 Net movement In funds for the year Total funds brouxht forward (.38.9) 144.7 2.30.1 274.7 465.9 .59.6 Totlll funds cJrricd I'orward 9, 111 & 11 1115 8 4 1113 ? The Statemenr of FinanLial Activities contain.s all gainq and lo%ge8 for the year. The n(Iles c)n P41gYes 12 to 15 t()rm P¢ifi i)f ihe%e aLL()unts.
PADDINGTON CHURCII TRUST Balance Sheet As at 31 December 2021 Notes Unre$tri¢led Restricted Endowed 2021 Funds Funds Fund Total £'IIOOs £'OOOs £'(boo. £'UOOs 2020 Total £'OOOs Fixed Ass¢t$ In'eStMentS (at Market Value) '] olal fixed assets 96.2 96.2 3.656.6 3.752.8 3.509.6 Current asse¢s Dehiur5 Cash al bank and in hand Total current assels 229.7 234.1 50.3 284.4 28.8 33.1 12.0 48.7 57.7 239.2 Creditors: Amounts falling due within one year Nci current assets 23.5 24.0 260.4 20.0 37.7 239.2 11.6 Total assets 105.8 239.2 Reprcscnted by: Unrestricted Fund.% General CJL'ncral OtTerings E'und Ilnrestricled PLind - DesigJnaied Thank ofiering?s RLslriLted Fund Pocir A¢¢()unl Lhurch Upkeep Fund F.ndow¢d F'und Tiihe ALLount I'otal tunds 104.2 104.2 143.2 229.7 229.7 io 105.8 239.2 Approvcd by the TruslLes on -? )oW Signed The notes on pages 12 to 15 form part of these dCLounts. 10
Paddin%ton Church Trust Ststement of Cash Flom.. Year ended 31 December 2021 2020 Total Funds £'OOOs 2021 Total Funds £'OOOb" Cash fluws from operating activities: Nel th pruvided by Iu5ed inl operating activities Cash flows from investing activities: Dividend.$ from inve%iiiieni Intere%1 I'r()In inve4iment ProLeeds from %dlu Ot iRvestmenls Purchase ot inveslmenis Investmeni miinagTenient fee Net cash provlded by (used in) Investing activities 16.5 4.5.9 27.3 594.7 161)3.21 19.7 45.0 29.0 1121..fj1 127.11 Cash flvws frvm financing activities: Net cash provided (used inl financing activitie5 Change in cash and cash equivaleDts in the rep(>rting pi'ri()d Ca4h diid cJ4h equiv4ilcnl.% at the beginiiing of rhe reporiing period C£ish diid cdsh e4UIV&ilLnti di the end (if the rL'POrting period (24..3) 28.5 146.8 151.0 ReL(InLiliatiiin ()f net in¢iimellexpLndiiufL'I i() net Lu%h tlow I'rom opLrdiing dLtivities Net iiicoiiie I'or the I'eixirlii)g peri()d (Js PLr the slaicnieni of fin%illLidl aLtIVlliL%) Adjustments for: IGaii)%l/l().s%es c)ii iiive41nients Dividend.% and inlcresi fri)In invcstments Investment iiianabiement fee IlnLfLa%LIA)L'crLase in debtor Increa.%c in creditors Net L115h provided hy {used in) operating activities 465.9 59.6 11¥2.111 182..11 2?.3 (2?5.1) {7.3.?1 19.7 16.5 Analysls of cash and cash equivalent5 Ca%h in hand Cdsh i)n depiisit Totdl cash di)d equivdleni 48.7 126.6 100.7
PADDtNGTON CHURCH TRUST
Notes to the Accounts
For the year ended 31 December 2021
l. Aceounting polleles
1.1 B8sis of accounting
The accounts for tlie year 10 31 December ?{)? I have been preparcd under the hi%li)rical Lost convention
{exLepl that investiiient% are .%hi)wn 411 m<irkLt V<ilLie) in <lLL()rd
PADDINGTON CHURCH TRUST Notes to the Accounts Icont.) For the year ended 31 December 2021 2021 Unrestricted Restricted Endowed Total Fund.s und £'O(N)s £'(M)Os 2020 Total £'OIM)s £'OOOs £'OOOs 2. ExpendlturÈ on Charitable Aetfivltles investiiieni liiJli&l&FLlllLnl tee 22.3 22.3 19.7 Gr41111 Di4tribution of Mii)i%lrie Pr()perry Repdir% cind DeLI)ratii)n Pri)peny - GenLriil Expen4e Organ Maintenance Governance LoII4 44.7 57.6 72.3 47.2 57.6 1).4 10.? 1.36.7 11.9 148.5 Grants made arc noi regarded as material in the context of the charily's overall Lharitable aciiviiies. 3. NLht finc()md{expendlturel Nel incomelexpendilure 1% .4laled after credilingllchargingl 2021 2020 A'lllll)s 27.3 189.?) 11.$.2 16.111 Iniere41 included in inve%imeni inL()me iiii%IILosscs1 on di%pc)sal of investiiienl Unrc¢ili.%ed &&tin%lllii.%sL'I) ()n inwesliiiLni Audi¢or%' retnuneralian ?().{} 40.4 141.6 4. Employees The chdrity hd.s no ¢mpl()yee%. It is ddmini%lLrL.d by ill Tru4iee.4 who receive no remuneraiion. 5. Trustees remuner#tlon The Ti'ub(¢gs IlLiII)Ll' iYLeived nor wdived any ¢molumLnis in thL yedr. nor received di)y benefits from the Tru%L i)i' dny relalcd pany (211?11.' nil}. No granti were miide to Rclaled Parties of ihe TIu41ee% I•0?0 £501. Out i)I' p()Lkel expenses wei'L rLiiiibLirsed i(1 Trii.%tL'LS 41% ti)11()w%=_ 2021 2020 2021 £'(IOOs 2020 £'IMIIIs No. of Trustee2b Travel, subsisienLe 41nd inlidentiil Othcr- printing aiid incidental The Tru5tecs aiid CLrtain related pdrties will h4ive made anonymous dondtions and endowment5 ITithes and Otleringsl wiihout condiiions during both 2U20 and 21121. as part of diviiie woi'ship {"when thou does1 alnis. let ni)t thy Icft hand kn()w whai thy rigTrht hand d[th.. that ihine dliiis Inay be in %LLfLJI"I. 13
PADDINGTON CHURCH TRUST l%otes to the Aceounls {conl.) For the year ended 31 December 2021 6. Investments Market Value at year end Income from Investments for the )'ear £'OOOs £'OOOs Invesiment% li.%t¢d on a recognised stwk exchaiige, or held in Lomtnon inve¥tment I'und%, unli Iru5ts. or other L()IILLtive iiivestnienl sLhLlnLS 3.652.] 82.3 CÉ14h held parl of the inve%imeni portfolio l (Ml.7 2021 £'OOOs" 3.383.0 2020 £'O(blls 3,-348.5 603.2 1594.7) Market V¢ilue a.% ul l January Addition Di%po%al% RLiili4ed <ind Unreali%eJ gains111(155esl Mdrkcl value as al 31 DLceniber 1234.41 ()52. Original co%t No inve.4tments are considered mdlLridl in (h¢ ¢ontLxI of marke( vthlue of the inveitmenl porifolio dt .31 December 2021. 2021 £'OVOs 2020 £'IIIMIs 7. Debtors Amuunt duL trom InveslmLnl Advisers Lega¢y - Re.stricied Fund InLoine froin inve%tmenis SLindry 229.7 8. Creditnr5 Ani()unts I'dlling due within ()ne year Credilur Accruals 20.0 14
PADDINGTON CHURCH TRUST Notes to the Aeeounts {conL) For the year ended 31 December 2021 Balanees brought Income (orward £'(MMIs Balances Gains carried and losses forward £'IM1115 £'IMIIII Expenditure £'0005 £'OOOs 9. Restricted Funds Poor ALLoun( ChurLh Upkeep Fund 229.7 230.1 ?29.7 239.2 10. Endowed Fund Tiihe Acc()unl 93.6 182.0 Included in Ihe above are nel unrealised gairts of I l. Unrestric¢ed Funds General G¢n¢r411 Offerin&>s Fund 143.2 96.? 1135.21 104.2 Dtb4ikvnated Thank orrering% 144.7 97.8 136.7 11)5.8 15