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2022-12-31-accounts

Page
Administrative
details		 of the charity, its trustees and advisers
Trustees'
Report		 4-20
Financial Report 21-27
Statement of Financial Activities
Reconciliation
of Resources Retained to Net Cash Flow
Balance sheet
Notes to the accounts (including accounting policies)
Other assets
Independent
Examiner's		 Report 28

Church Address —StJames Norlands Church Address —StClement Notting Dale
St James's Gardens Treadgold Street
London London
W11 4RB W11 4BP
Treasurer Independent Examiner
Mary Frances Owens Timothy
David		 Neale FCA
Kirk Rice LLP
Victoria House
178-180Fleet Road
Fleet
Hampshire
GU514DA
BANKERS
CAF Bank Ltd Barclays Bank pic
25 Kings Hill Avenue 137Ladbroke Grove
Kings Hill London
West Mailing W11 1PR
Kent ME194JQ

Churchwardens Churchwardens —StJames —StJames Churchwardens
—St Clement		 Churchwardens
—St Clement		 Churchwardens
—St Clement
~ Matthew Barrett (from 2022) ~ Frederica Venn (from 2022)
~ Doreen Patterson (from 2022) ~ Barnabas Palfrey (to 2022)
~ Mark Cazalet (to 2022)
Name Role Date From/To
Matthew
Barrett		 Churchwarden To2023
Doreen Patterson Churchwarden To2023
Frederica Venn Churchwarden To2023
Doreen Patterson Deanery Synod Rep To2023
Maureen
Gould		 Deanery Synod Rep To2023
Mary Frances Owens Treasurer (co-opted) To2023
Lala Manners PCC Member To2025
Kemi Soyege PCC Member To 2025
Natu Binaisa PCC Member To2023
Cynthia
Edun		 PCC Member To2023
Tim Lee PCC Member To2023
Rosalyn Silvester PCC Member To 2023
Merrilees
Smiley		 PCC Member To2023
Rick Brown PCC Member To2024
Rachel Carr PCC Member To2024

UNRESTRICTED DESIGNATED RESTRICTED TOTAL TOTAL
FUNDS FUNDS FUNDS 2022 2021
Nom 8 8 8 8 8
INCOME ANO ENDOWMENTS
Voluntary
Income		 46,124.25 1,694.91 47,819.16 46,007.2D
Other Voluntary
Incoming
Resources		 35,396.30 28,990.35 64,386.65 146,121.83
Activities for Genereing
Funds		 3,758.48 3,758.48 3,755.06
Income from Investments 1,426.34 1,426.34 1,136.98
Church
Amivities		 131,504.98 131,504.98 118,331.24
TOTAL INCOME ANO ENDOWMENTS 218 21035 D 00 3068526 24889561 31535231
EXPENDITURE
Costs ofGenerating
Funds		 1,163.58 1,163.58 809.D9
Chantehle
Activities		 87.90 87.90 50.00
Church Activities
Diocesan Parish Share 73,200.00 73,200.00 73,200.00
StJames Window
Fund Expenditure		 10 O.DO 10,720.00
Hentage
Fund Round 2 Grant Expenditure		 O.DO 37,389.00
Hentage
Fund Round 3Grant Expenditure		 12 4,838.09 9,056.6D 13,894.69 20,483.40
Satanas INages 8 Honorana 13 26,287.27 6,333.33 32,620.60 17,679.71
Clergy House 14 885.36 885.36 814.63
Administration 18 9,945.83 200 00 10,145.83 2,149.52
Church
Running
Expenses		 16 29,656.17 23,97406 18,572 22 72,202.45 35,321.24
Church
Utility Bills		 17 B,D32.89 2,641.0D 10,673.89 6,426.42
Ma/or Capital Expendlure O.DO O.DO
Governance
Costs		 18 2,280.00 2,280.00 4.40
TOTAL EXPENDITURE 156377.09 23974.06 36803.15 217154.30 205046.41
NET INCOME/(EXPENDITURE) 61833.26 -23974.06 -6117.89 31741.31 110305.90
DEPOSITS RECOVERABLE
TRANSFER MISDIRECTED INCOME
GAIN/(LOSS)
ON INVESTMENT		 I 316.67 I 316.67 2789.34
NET MOVEMENT
IN FUNDS		 60,516.59 -23,97406 -6,11789 30,424.64 113,095.24
BALANCES BROUGHT FORWARD AT 01.01.2022 85,518.70 4D,000.00 121,743.88 247,262.58 134,167.34
BALANCES CARRIED FORWARD AT 31.12.2022 146,035.29 16,025 94 115,62599 277,687.22 247,262.58
UNRESTRICTED DESIGNATED RESTRICTED TOTAL TOTAL
FUNDS FUNDS FUNDS 2022 2021
8 8 8 8 k
RECONCIUATION
OF RESOURCES RETAINED TO NET CASH FLOW
NET MOVEMENT
IN FUNDS		 60,516.59 -23,97406 -6,11789 30,424.64 113,D95.24
(Decrease)/Increase
in Creditors		 -241.25 2,242.80 0.00 2,001.55 12,677.41
(Increase)/Decrease
in Debtors		 -42,673.60 D.OO 35,923.39 -6,750.21 -41,821.88
(Increase) in Sequestration O.DO O.DO
Depreuation 3,701.52 3,701.52 3,701.52
Depowts Recoverable -300.DO -300.DO 175.DO
Income from investments 1,426.34 1,426.34 1,136.98
Gain/(Loss)
on Investment		 I 316.67 I 316.67 -2789.34
Cash used
In operating		 activities 20044.75 -21 731.26 33507.02 31820.51 88 174.93
Cash tlows from Investing activities
Purchase of Fixed Assets
Income from investments -I 426.34 0.00 000 -I 426.34 -I 136.98
Cash used
in investing		 activities -I 426.34 0.00 0.00 -I 426.34 -I 136.98
Cash tlows from financing activities
Loan from Diocese Area Council repayment
Cash provided
by financing		 activities 0.00 0.00 0.00 0.00 0.00
NET CASH
INFLOW
(OUTFLOW)		 18,618.41 -21,731.26 33,507.02 30,394.17 85,037.95
CASH FLOW STATEMENT FOR THE YEAR ENDED 31STDECEMBER 2022
NET CASH INFLOW (OUTFLOW/ 18,618.41 -21,731 26 33,50702 30,394.17 85,037.95
Cash at 31.12.2021 48947.77 4000000 7451222 163459.99 78422.04
Cash st 31.12.2022 67,566.18 18,268.74 108,019.24 193,854.16 163,459.99
BALANCE SHEET AT31STDECEMBER 2022
Fixed Assets
Tangible Fixed Assets 19 O.DO D.OO 18,5DSA4 18,505A4 22,206.96
Investment 20 22 322 01 D 00 000 22 322 01 2363868
Total Fixed Assets 22 322.01 D.OO 18505A4 40827.45 45845.64
Current Assets
Debtors 68,073.80 0.00 0.00 68,073.80 61,323.59
Bank Deposit Account 25,879.16 0.00 0.00 25,879.16 25,837.52
Banks
Current Accounts		 41,645.09 18,268 74 108,01924 167,933.07 137,540.54
Cash in Hand 41.93 0.00 000 41.93 81.93
Total Current Assets I35639.98 18268 74 10801924 261 927.96 224783.58
Current
Liabilities
Deposits Receverable 475.DO D.OO 0.00 475.DO 775.DO
C/editc/s 22 35039 2 242 80 000 2459319 2259164
Total Current
Liabilities		 22 82539 2 242 80 000 25068 19 2336664
Nst Current Assets 112814.59 16025.94 108019.24 236859.77 201 416.94
Loan from Diocese Ares Councg
NETASSETS 135136.60 16025.94 126 524.68 277687.22 247 262.58
FUNDS
Unrestricted 146,035.29 0.00 000 146,035.29 85,518.70
Designated O.DO 16,025 94 0 OD 16,025.94 40,000.00
Restricted ODD D 00 11562599 11562599 121743 88
TOTAL FUNDS 146,035.29 16,025 94 115,62599 277,687.22 247,262.58
Approved
by the PCC on		 the 16th of May 2023 and signed on their behalf by

NOTES TO THE FINANCIAL STATEMENTS
1.Funds
Funds
General funds represent
the funds ofthe PCC that are not subject to any		 restrictions
regarding		 their use end are available for the general purposes
ofthe PCC. Funds designated
for e particular
purpose
by the PCC are also unrestricted
The Designated
Funds ofthe PCC sre set out below.
Church Repair lk Improvement
Fund
Recognising
the need for extenwve
provision
for repair and improvement
to		 fis two churches, the PCC set up a Church Repair It Improvement Fund.
This fund replaces the two funds below which were under the custodianship ofthe London Diocesan Fund but which have now been repaid to the PCC.
The Restricted
Funds ofthe PCC are set out below.
Additional
Ministry
Fund (Previously
known as The Curate Fund)
This fund was created to finance the stipend ofen additional
priest or curate		 for the pensh. The donors have agreed that this fund can also be used to
finance compensation
for administralive
slaff.
Mlnlspy Support Fund
This fund wes created
by a grant from the Diocese and is to be used		 for stafi costs to support the ministry of the Parish.
StClemente
Garden, StClemente
Garden Capital Fund and StClement		 Garden Maintenance
Fund
These funds were created to establish
and maintain StClement's
garden.
Grenfeg Relief Fund
This fund was created
by a grant from the Diocese and is used for purposes		 related to support for those afiected by the Grenfeg tragedy.
StJames Window
Fund
This fund was created
by a grant from Norland
Conservation
Soaety for repairs to the histonc west facmg		 roundel window as well as other stained
glass windows al StJames. There have been additional
contributions		 to this fund from individual donors.
SlJames Door Fund
This fund was created to finance repairs of ths doors et StJames church.
Heritage Recovery Fund Round 3
This fund was eslablished
wah a grant from ths Cultural
Recovery Fund for		 Heritage with the aim of providing short term support for orgenisations
suffsnng
finendefiy
dus to the Covid-19 pandemic.
It is used to fund		 operating expenses and reserves (within limitalions).
Re&eneration
Project Fund
This fund wes established
in 2021 by a private donation
to fund ethree phase		 development programme et StJames to restore the church, to make the
space better for public events and to enable new services.
Youth Work Fund
The PCC receives grants and raises funds to support youth work in the community.
Other funds arise from time to time as a result ofspecial appeals (sse Note 23)
2.Accounting
Policies
Seals ofPreparation
Ths finandal
statements
have been prepared
under the Cheritiss Act 2011 end ths		 Chanties Act 2022 end in accordance wlh ths Church Accounting
Regulations
2006 together
with Finenaal
Reporting
Standard
applicable		 in ths UK end Republic of Ireland (FRS 102)end the Stetemenl ofRecommended
Pracuce, Accounling
and Reporting
by Charities preparin
their accounts		 in accordance with FRS102.
The financial statements
have been prepared
under the historical cost convention,
end in		 accordance with the Financial Reporting Standard 102.
The trust constitutes e public benefit entity as defined by FRS102.
The presentation
currency ofthe finanwal
statements
is the Pound Sterling (2).
Incoming
Resources
Collections are recognised
when received
by or on behalf ofthe PCC.
Gift Aid on donations
is recognised
m the year the donations
are received.
Income tex recoverable
on Gift Aid donations
is recognised
when the related income is recognised.
Rental income is recognised
when the rent is due.
Dividend
and interest income is accounled for when received.
Funds raised from the summer fair end other events ers accounted
for gross.
Income from government
end other grants is recognised
when the charity		 hes entitlement to the funds, eny performance conditions attached to the
grants have been met, it is probable that the income will be received end the amount can be measured reliably and is not deferred.
Resources Expended
The diocesan pansh share is accounted for when pwd. Any parish share unpwd at 31 December is provided for in these accounts as an operational
(though
not a legal) liability and is shown as a creditor
in the balance sheet and the		 amount
outstanding		 included
in expenditure.
Capital Commitmsnt
There were no capital commlmsnts
at31.12.2022 (2021 Nil)
Investments
Invsstmsnts
ars valued al market value. The market valuauon
is obtained		 from the investment fund which manages the investment on behalf ofthe
Charity.
Gains and losses are recognised as movements
in unreshivried
funds.

UNRESTRICTEO DESIGNATED RESTRICTED TOTAL TOTAL TOTAL
FUNDS FUNDS FUNDS 2022 2021
6 6 fi. 6 6
RESOURCES EXPENDED
6Costs ofGenerating
Funds
Fundraising
Event		 O.DO D.OO O.OD O.DO 20.DO
Summer
Fair		 I 16358 D 00 000 I 16358 789D9
1,163.58 0.00 1,163.58 809.09
9Charitable
Activities
Other Gifts 87.90 D.OO 87.90 50.DO
87.90 D.OO 87.90 50.DO
10SlJames Window
Fund		 Expenditure
Stained Glass Window Repairs - StJames 0.00 0.00 0.00 0.00 10720.00
O.DO D.OO O.DO 10720.00
11 Heritage Recovery Fund Round 2 Grant Expenditure
Grant Project Management 0.00 0.00 000 0.00 8,300.00
Deep Cleaning of Buildings O.DO 0.00 000 0.00 2,000.DO
Organ & Piano Maintenance &Tuning O.DO D.OO O.OD O.DO 5,DOO.DO
Church
Utility Costs		 O.DO D.OO 0.00 O.DO 2,100.DO
Insurance
&Mwntenance
ofChurches		 O.DO D.OO O.OD O.DO 4,DOO.DO
Marketing
costs		 O.DO D.OO 0.00 O.DO 3,DOO.DO
Stained Glass Window Repairs - StJames O.DO D.OO 0.00 O.DO 12989.00
O.DO D.OO O.DO 37,389.00
12 Heritage Recovery Fund Round 3Grant Expenditure
Staff Salaries 2,744.60 0.00 1,469.30 4,213.90 6,147.37
Professional
Fees		 0.00 0.00 0.00 0.00 2,088.00
Administration 828.61 0.00 41765 1,246.26 829.02
Uulities 0.00 0.00 95080 950.80 2,212.92
Operating
Expenses		 I 264.88 0.00 621885 7 483.73 9206.09
4,838.09 0.00 9,056.60 13,894.69 20,483.40
13Salaries Wages snd Honoraria
Note Seealso Heritage Fund Grant Expenditure, notes 11&12.
Administrators 14,407.58 D.OO 6,333.33 20,74D.91 12,482.71
Crganists'
Fees		 10,511.00 D.OO 0.00 10,511.00 5,196.DO
Other Wages &Fees I 368.69 D.OO 0.00 I 368.69 O.DO
26,287.27 D.OO 6,333.33 32,62D.60 17,678.71
14Clergy House
Clergy Expenses 79.90 0.00 0.00 79.90 479.40
Repairs & Redecoration 112.00 0.00 000 112.00 0.00
Clergy House Utilaies 693.46 0.00 000 693.46 335.23
885.36 0.00 885.36 814.63
15Administration
Note Seealso Heritage Fund Grant Expenditure, note 12.
Minor Office Equipment 2,147.62 D.OO 0.00 2,147.62 O.DO
Recruitment 548.20 D.OO O.OD 548.20 O.DO
Telephone
&Internet		 610.66 D.OO 0.00 610.66 550.11
Office Utilaies I,DID.15 D.OO 0.00 1,010.15 O.DO
Pnnting,
Stationery
& Postage		 4,250.80 D.OO 0.00 4,250.80 I,D53.16
Travel &Transportation 15.35 D.OO 0.00 15.35 19.28
Youth Work O.DO D.OO 200.00 200.DO O.DO
Miscsgeneous I 363.05 0.00 0.00 I 363.05 526.97
9945.83 D.OO 200.00 10 145.83 2 149.52
18Church
Running
Expenses
Nots Seealso Heritage Fund Grant Expenditure, notes 11ii 12.
Events 132.37 0.00 1,78245 1,914.82 1,492.67
Website 468.DO 0.00 000 468.00 92.46
Copyright
Licence		 301.DO D.OO 0.00 301.DO 287.DO
Advertising 707.71 D.OO O.OD 707.71 144.DO
London Diocese. Share ofFees 2,491.00 D.OO O.OD 2,491.00 1,371.DO
Weddings
&Funerals		 40.DO D.OO 0.00 40.DO 139.75
Sanctuary 2,369.28 D.OO 0.00 2,369.28 483.D6
Cleaning 4,468.83 D.OO 0.00 4,468.83 3,D73.11
Insurance 8,996.42 D.OO 0.00 8,996.42 4,659.27
StJames WIFI 1,024.69 0.00 0.00 1,024.69 151.95
Minor Equipment
under 6500		 523.91 0.00 0.00 523.91 8.89
Depreaetion 0.00 0.00 3,701 52 3,701.52 3,701.52
Equipment
Repairs and Maintenance		 813.12 0.00 000 813.12 575.90
Church Repairs & Maintenance 6,575.84 15,23528 225 00 22,036.12 14,160.16
Organ Repairs & Maintenance 420.DO 4,51009 000 4,930.09 2,586.50
St James's Door Restoration O.DO 4,228.69 12,155.25 16,383.94 O.DO
St James's Garden 324.DO D.OO 0.00 324.DO 864.DO
St Clemente
Garden		 ODD D 00 708 OD 708 DO I 530 DO
29,656.17 23,97406 18,572 22 72,202.45 35,321.24
UNRESTRICTED UNRESTRICTED DESIGNATED DESIGNATED DESIGNATED DESIGNATED RESTRICTED TOTAL TOTAL
FUNDS FUNDS FUNDS 2022 2021
6 6 p. 6 6
17 Church
UEEty		 Sgls
Note Seealso Heritage Fund Grant Expenditure, notes 11il 12.
Gris 3,968.38 0.00 2,641 00 6,609.38 3,203.63
Elecmchy 3,574.25 0.00 0.00 3,574.25 2,999.31
Water 49026 000 000 49026 22348
8,032.89 0.00 2,641 00 10,673.89 6,426.42
18 Governance
Note. Seealso Heritage Fund Grant Expenditure, note 12.
Examination Fees 2280.00 0.00 0.00 2280.00 4.40
2,280.00 0.00 2,280.00 4.40
19 Tangible Fixed Assets
UNRESTRICTED DESIGNATED RESTRICTED TOTAL
FUNDS FUNDS FUNDS
6 6 6
Cost at I January 2022 19,107.65 47,012.80 66,120.45
Additions 000 000 000 000
Cost at 31 December 2022 1910765 000 4701280 6612045
Accumulated Depreciation at 1 January 2022 19,107.65 0.00 24,805.84 43,913.49
Charge for the Year 0.00 3701.52 3701.52
Accumulated Depreciation at 31 December 2022 19107.65 0.00 28507.36 47615.01
Net Book Value et I January 2022 0.00 0.00 22 206 96 22 206.96
Net Book Value at 31 December 2022 0.00 0.00 18,505.44 18,50544
20 Listed Investments
UNRESTRICTED DESIGNATED RESTRICTED TOTAL
FUNDS FUNDS FUNDS
6 6 6 6
Market value at I January 2022 23,638.68 0.00 0.00 23,638.68
Revaluation/Loss for the year -I 31667 000 000 -I 31667
Market value at 31 December 2022 22,322.01 0.00 000 22,322.01
21 Employees
The PCC had two part time employees and one full arne employee engaged on administration dunng 2022.
Ths pert time employees were paid by ths ClemenlJemes Community Proiect which is reimbursed by the PCC.
2022 2021
6 6
32,620.60 18,630.08

ovsmsnts
on Funds
Salances at Total Balances at
1.1.22 Income Interest Incoming Expendhure Transfers 31.12.22
6 6 6 6 p. 6 6
Designated
Church Repair &Improvement 40000.00 000 0.00 0.00 2397406 0.00 16025.94
Total Designated 40,000.00 0.00 0.00 0.00 23,974.06 0.00 16,025.94
Restricted
Additional
Ministry
Fund		 4,439.82 1,694.91 1,694.91 0.00 0.00 6,134.73
Ministry
Support
Fund		 6,333.33 0.00 0.00 6,333.33 0.00 0.00
St Clemente
Garden Fund		 29,610.00 0.00 0.00 0.00 0.00 29,610.00
St Clemente
Garden Capital Fund		 6,288.96 0.00 0.00 3,701.52 0.00 2,587A4
St Clemente
Gdn Mamtenance		 Fun 10,306.20 0.00 0.00 708.00 0.00 9,598.20
Grenfeg Relief Fund 1,038.70 0.00 0.00 282.45 0.00 756.25
StJames Window
Fund		 0.00 3,262.50 3,262.50 0.00 0.00 3,262.50
StJames Door Fund 0.00 12,155.25 12,155.25 12,155.25 0.00 0.00
Heritage Recovery
Fund Round		 3 0.00 9,05660 9,05660 9,05660 0.00 0.00
Re-Generation
Protect Fund		 62,500.00 000 0.00 000 0.00 62,500.00
Youth Work Fund I 226.87 150.00 15000 200 00 0.00 I 176.87
Total Restricted 121743.88 26319.26 0.00 26319.26 32437.15 0.00 115625.99
UNRESTRICTED DESIGNATED RESTRICTED TOTAL
FUNDS FUNDS FUNDS 2021
8 6 6 8
INCOME AND ENDOWMENTS
Voluntary
Income		 43,787.29 2,219.91 46,007.20
Other Voluntary
Incoming
Resources		 I1,825.00 134,296.83 146,121.83
Activities for Genereing
Funds		 3,755.06 3,755.06
Income from Investments 1,136.98 1,136.98
Church
Amivities		 118,331.24 118,331.24
TOTAL INCOME AND ENDOWMENTS 17883557 000 13651674 31535231
EXPENDITURE
Costs ofGenerating
Funds		 809.09 809.09
Chanteble
Activities		 50.00 50.00
Church
Amivnies
Diocesan Parish Share 73,200.00 73,200.00
NCS St James Wrndcw Grant Expenditure 10,720.00 10,720.00
Hentage
Fund Round 2 Grant Expendimre		 37,389.00 37,389.00
Hentage
Fund Round 3Grant Expenditure		 20,483.40 20,483.40
Satanas Wages it Honorane 17,678.71 17,678.71
Clergy Expenses 0.00 0.00
Clergy House 814.63 814.63
Assistant
Staff
(Administration)		 2,149.52 2,149.52
Church
Runnmg
Expenses		 27,321.92 7,999.32 35,321.24
Church
Utility Bills		 6,426.42 6,426.42
Ma)or Capital Expendnure 0.00 0.00 0.00 0.00
Governance
Costs		 4.40 0.00 4.40
TOTAL EXPENDITURE I28454.69 0.00 76591 72 205046.41
NET INCOME/(EXPENDITURE) 5038088 000 5992502 11030590
GAIN/(LOSS)
ON INVESTMENT		 2789.34 2789.34
NET MOVEMENT
IN FUNDS		 53170.22 0.00 59925.02 113095.24
SALANCES BROUGHT FORWARD AT1.1.21 32,348.48 40,000.00 61,818.86 134,167.34
BALANCES CARRIED
FORWARD AT31.12.21		 85,518.70 40,000.00 121,743.88 247,262.58