CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts SeGtion A Indep8ndent Examin8Vs Report Report to th8 trustees The Parochial Church Council of the Eccleslaslical Parish of St. James. Hemingford Grey On accounts for the year ended 2025 Charlty no Ilf any) 1132817 Set out on pages 3.16 I report lo the trustees on my examination of the accounts of the above charity l.the Trust") for the year ended 3111212025. As the charity's Irusleès, you are responsible for the prèparation of th8 8ccounls in accordance with the requirements of the Charities Act 2011 I'the Acl'l. I repott in respect of my examination of tho Trusvs accounts carried out under section 145 OF Ihe 2011 Act and in Garrying out my examination, I have followed all the applicable Directions given by the ChaNty Commisslon under section 145{5llbl of the Act. Responsibilltles and basi5 of roport Independent I have completed my Bxamlnation. I confirm that no material matters hav8 examlner's statement come lo my allenlion in ¢Dnneclion with the examination which gives me cause to believe that in. any material respect.. thè accounting records were not kept in accordance with s6clion 130 of the Charities Act.. or the accoun18 did nal accord with the accounting records., or the accounts did nol comply with the applicable requlremenls eonceming the fomi and content of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requir6menl that tho accounts give a 'lru8 and fai vigw which is not a matter considered as part of an indepeiidenl examinalign. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts lo be reached. Signed: Apr 28, 2026 Name: Mr. Leandros Lazari Relevant profe551onal qualificationls) or body FCMA, CGMA Address.. 73 Haygreen Road IER Oct 2018
WithaTn, Essex CM81GT Section 8 Disclosure Only complete if the examiner needs lo highlight materi81 mallers ol concern (see CC32, Inlependenl examination of charity accounts.. direc¢lons and guidance for examiners Give here brief details of any Items that the examiner wishes to dlsclose. IER Oct 2018
ycHu INGFO D GREY Tab18 of Contents Annual Report Statement of Finanelal Aclivllles Balan She&t Notes ID Ihg Financlal Slaterll8nls
AMES, ANN OR HE ORD GREY_ AL URC 25 PORT OF DE PA $7DE Admlnistration Informatlon Sl James, Church is Sltuated in th8 Parish of Hemingford Grey, in the Deanery of Huntingdon, part of the Dioces8 ol Ely within the Church of Eland. The Parochial Church Counell IPCCI is a règSslered haTIty, Numbér 1132817. Ex Offlclo Mèmbers Rgvd TlmDlhy May Rev Judlth Bolton Ben Pearson Irelir8d elergyl Ichildren and Youth Minis18r- left September 202SI Membgrshlp of St James, PCC 2025 Robert Barker Heather Chambers Allson Craven Tim Drye Mark Enz8r Allen Foster Simon Keen Gra M8thews Ed Nevill Elizabeth Pinnock Mike Plnnuck lan Sinklnson CIIVB Sprawson Shirley Stlrllng Stanley Tr8n¢her Ichurchwardenl 18ppoSnled May 20251 Ireslgned September 20251 (Htsnorary Tieaburerl Ichurchwardenl Appolnlment of Trusteès FCC members were appointed at our Annual Parochlal Church meeling. whi¢h was held in May 2025 and ar8 thè Iruslees of St James, Chur¢h. Objectlv8s and Activltlès st James, PCC Values God first,. Indlvldually and tog8ther Listenlng to others with open hearts and minds Love and aeceplance IOT each other Shared own8rship of Ihe1gad8rship Thg Charlty's Activltles Sl JatTPS' Church is comtnitted lo offér the opportunlty of Christian worship lo all our local community. We aim lo enable our members, and others, lo live out Ih8ir faith in the world and make a valuable and eDrlching contribution In the QQFllmunilies wherg we live and worship. We do this through worship. prayer, andlgarning aboul the Gospèl, outreach, cotnmunily involvomonl and pastoral Care.
Publlc Beneflt During 2025 St Jam8s' Sunday services were held al 10.OO£m and once a month al 6pm. The church corried out its regular outrèaeh acllvilies in the community and continued lo support the work of the gaspel ol Jesus Christ through its Mi55ion Partn&rs. During Ihis year the Parish Centre conlinued to ba open lo the publi¢ providing a spac8 lor gUlar church 8etivilies and outreach, such as the Drop in Cafe, also 8 registered W8Ttn Space. Sl James continues to Llve Slrearn Sunday Services and provldes printed materials to Ih0s6 who wsh lo stay al home. Church attendance As al Decetnber 2025 there were 112 church members on Ihe electoral roll wllh an average of 65 worshipers and 6 Ghildrer) and yOLing people In attèndance al Sunday service8. There were Q weddlngs, 1 baplbsm and 3 fune1 seNlces in the p8rish church during 2D25. Yèar in Review 2025 Rev Tim May continued as the vlcar of Sl James, Church and we have an administrator. admln assistant and accounts Bssi8tanl worklng lor us. Our YoLrth and childn'S Mini81gr resigned and left In September 2025. Sèrvlces The Annual PBrochial Church Me81ing was held on 18th May and thgr8 were 51 people1n attendance. Easter and Chrlstmas serviogs were held at St James for members of the thngregation and parlsh, they wore well allend8d as they have been in previous years. As in other yeers the Rivgrside Setvicg, a popular servicp rJUtsld8 in the churchyard for both villages, was held July following the Regatta. Wednosday Communion, Night Praygr and Moming Prayer continued throughout Ihe yoar. Three servlTrs a month were held in the local care home Field Lod9e. The church Invited Its mission partners lo visll 8t various Ilm85 throughout th8 y8ar so that Wo could be updat8d in their work and celebrate It. Church Activitlès Famlli8$ from the village attended an Easter FBir. Dads and Klds camping and BBQS during the year. The Nativity 88rvice, Carol Setvlce and Chrlstm8s Day seNces were well attgnded. Christmas Sal¢e$ for the local primary school wore held in church. The Youul and Children's Minister Gonlinued In go into the school regularty until July. In Septèmber Sl Jamgs held a Big W88k6nd attracting people from bolh church and the village lo engage with a programme of varied activitie8. Fir51 Slep¥, the weekly baby and toddlpr group, conllnucd ID be well allended durlng 2025. During this year the Women's group, FbuTlsh, mel a numlEr ol tinies soci811y and to takp part In talks and craft. Drop In Cafe The Parish Centre contillued lo open Its drop in caf9 on Wednesday and Thursday mDmlngs. run by VDlunle&rs from both church and the community. We welwmed some new volunteers during the year and a grateful for thelr continued support. A Monday Light Lunch and Warm Space was offered once a month during the wlnler months and was allended by around 25 fflembers of the parish each month who valued the food and company, World Misslon Sl James. Church contlnues lo partrier wllh several overseas mlssion partnèrs supportlng them rinancially and in prayer. 11 was agreed that in 2025 The Holy Land Inslilule for thè O&af and Wear5ide Youth lor Christ would join the Mission Partn8rs wè support. Support lo people In need In 2025 Sl Jam8s continued 113 partnership with Hope Inlo Act, supporting a family in frfendship and prayer who reside In tho church housè however this arrangement cama lo an end in August and has not been r8n8wed.
Eco Church Sl James continues lo be an Eco Church and carflès out work throughout the year to ènsure il rnaSntains Its bronie award slalu8. Church bulldings Work conllnues lo be dona on designlng a nBW hea11r systam for church. Flnanclal Revlew During Ihe year voluntary givlng lo the General Fund dècreased slightly to £150,777 and overall Income into the General Fund dèere8sed lo £206,388. Overall expenditure in the Gen8ral Fund remained relaliv8ty static at £219,108 r8sulling in a deficll (>f £12,720. The PCC maintained Its policy of donating 15% of income lo our mlssion p8rtners. lotaling £33,715 In 2025. UnrÈslrl¢ted Funds Development £2,903, General £847,556. Restricled Funds 89115 £2.203, Don Brown £17,715, Garden Room £5,339. Healing Sysl8m £1.702, Reslrtcted Donations £0 Investment Pollcy Sl James, investment poll¢y Is dellvered in accordan with the Dltscese of Ely and PCC approv81. Resorves Policy 11 is Ilie policy of the PCC to rnainlain a balanc6 In the Ggneral Fund to cover al198sI 3 months costs se ol unavoidable redundancies and emergency situallons. Rlsk Policy Sl James, Church Charity assess8s 811 subslanlial risks and implem8nts appropriate rn8asures lo managa them. Al the year end, Ihp church believos that it is not subject lo any subslanliab risks beyond the liabililigs dlsclosed in ils flnancial slal8menls. The church holds approprlate insur8n¢e policies lo safeguard the publlc and users of our lacllltles, its members, emplc>yees and assets. We have a Health and Safaty Policy and a Safeguarding Policy updated in accordance with thè Diocese of Ely.
Trustees. Rèspon6lbilitles StatÈment The Iruslees are responsible for prepariDg the Truatees, Annual Rewrt and the financl81 stalemellts In accordanc8 with app5icabk law and United Kingdom Ac¢ounling Standards Iunlled Kingdom G8nerally Accepted Accotjnling Practice). The law gppllcable to charllies in England & Wales requlres th9 Iru5tees lo Prepa financSal slal8ments for each financial year whleh give & true and fair view of the stale ol affairs ol the charity and of the iftcotning resour¢gs and applleation of resources of the charity for that poliod. In pr8paring these flnancial stslemenls, the trusteès are required lo.. select suitable accounting policies and then apply them eonsisl8ntly', Obs9p Ihe methods aryj principles Ir) Ihe Charlues SORP 2019 IFRS 1021.. make judgements and eslima18s that are reasonab18 and prudonl., stale whether spplicablg accounting stendards have been fDllowed, SLJblecl lo any mal8rial departuros disclosed and explained in the fln8nclal statements., preparo the financial slalemenls on the goin9 concern basis unless il is inappropriate to presume that the charlty will not cc>ntSnue in operallon. The trustees aTe responsib lor ke8ping proper accounting records Ihat disclose wilh reasonabl6 accuracy al any limp thp flnancial position of tho rharity and gnable them lo ansure that the linan¢i81 81alements comply with the Charitios Act 2011, the Charities (Accounts and Reports) R8gulations 28, the piovlslons of the trust deed 2nd current church accounting regulations. They are also re8PQnsible for safeguaidlng the assets ol th8 charity and hetice for taking rgasonable steps lor the pr8vention and deleclion ol fraud and other irregularities. Approved by th8 PCC on... Slgned on thèlr beha5f by the Chalrperson.-... thy May t nnc?
ST JAMES, CHURCH HEMINGFORD GREY NOTES TO THE ACC NTS FOR THE YEAR ENDED 31ST DECEMBER 025 Unrestricled Restrfeted Funds 2025 2024 Note Funds Tots Total INCOMING RESOURCES Voluntary giving Activities for generating funds Income from investments Church activities income 2a 184,171 3,224 9,019 9,974 10,457 194,628 3,224 9,551 9,974 207,923 8,735 9,759 10,104 2b 2c 532 2d TOTAL INCOMING RESOURCES 206,388 10,989 217,377 236,521 RESOURCES EXPENDED Church activities Governance costs 3a 151,429 67,679 12,178 163,607 67,679 167,899 84,787 3b TOTAL RESOURCES EXPENDED 219,108 12,178 231,286 232,686 NET INCOMING RESOURCES BEFORE OTHER RECOGNIZED GAINS AND LOSSES 112,7201 11,1891 113,9091 3,835 Transfer between funds other recognized gains and losses Gain on investment 12,6981 14761 13,1741 1,776 NET MOVEMENT IN FUNDS 115,4181 (1,6651 117,083) 5,611 BALANGES BIFWD 1ST JANUARY 865,877 28,624 894,501 888,890 BALANCES CIFWD 31ST DECEMBER 850,459 26,959 877,418 894,501 The notes accompanying these accounts form part of these accounts.
JAMES, C CHHE EY ES OTH CCOUN AR DED 31 DECE R20 nr stri 025 FIXED ASSETS Tangible 754,891 5.339 760,230 761,981 754.891 5,339 760,230 761,961 CURRENT ASSETS Short leim investment D8btors 64,790 7,450 30,475 11.433 76,223 7,459 40,653 79.397 4,645 58.877 Cash at b&Trk and in hand 10,178 102,71S 21,620 124,335 142,919 CURRENT LIABILITIES Credltors- amounts f8111ng due in one year 17,1471 17.1471 110.3791 NET CURRENT ASSETS I ILIABILITIE51 95.568 21,620 117.188 132,540 Total assets less Gurrent Ilabllities 850,459 26.g59 877,418 894,501 CrBditors- amounts falling due aft8r one year TOTAL NET ASSETS 850,459 2S,959 877,41B 894.501 Rapres8ntèd By: Unrgstrleted Incom8 Funds 850,459 850,459 865,877 Restrlcted Incoma Funds- 26.959 26,959 28,824 850.459 26,959 877,418 894,501 Th95e accounts were approved by thè management commltt88 and signed on thelr behalf by.. ffl.FifrJdoc ChutEknrtraert Signed.. Dalg.. g]sJ£6
JA ES OTHE EAR CH COUNTS ST FO FO 1 ACCOUNTING POUCIES Basls of A¢eountlng Th8 financial slatemtrnts hav8 been prepared under th¢ Charities AGI 2011 and compty with tho SIBlement Df Recommended Practlce SORP IFRS 10212nd w5th FRS 102 on the basls that the Church is a public benefit entity,. and also guidancè Issued by the Charity CommL8sion and the PCC In accordanc8 wlth wrrenl Church Accounting Regulati>ns. Tha accruals babls ol accounting had been adopt8d, and tho PTinelple acGounllng polici&8 $61 out b81ow are applled consistently and ar8 also consistent with the 'golng COnrn, concept adopted. There ar8 no material uneertaintl8s abuul the Church's ability lo eonlinue as a gL)Ing ¢oncÉrn. Neither do the financial slalernents conta1n any managem6ntjudgemenis- significant or othetwlse, nor arè there and ch8ng68 in the acGounling policies adop18d or materia1 eriois in prior year's accounts. Funds Unr8Stricled funds are general funds which eAn be used for PCC ord5nary PUTP0$8S. R8Strfcled funds represent lal IncoRie from Injsls or endowments whlch may be expended only on those reslrlctad objects provided in thp terms ol thè trust or bequèst, Rnd Ibl donallons or grants recelved for a specific objeL4 or invit8d by the PCC for a sp8afic oblecl. The hjnds may only be exp8nded on the specific oblecl for which they wer8 glven. Any balance remaining unsp8nt al the end of the year must be carried forward as a balance on Ihal fund. The PCC does not usually inv8St separately for each fund. Where ther8 is no separate Inveslrnent, interest is apwrtiofted lo individual funds on an average balance basls. Incoming resources Planned glving, collèctions donations 8re recognised when received. Tax refunds are r8cognlsed when the incoming rèsourc8 to which they relate 18 received. Grants and legaThes arè accounted for when thè PCC Is legally entitled lo the atnounls due. Dlvidends are accounted lor when re(5V3b1e, Inlgresl Is accrued. All olhgr Income is r8cognised when 11 is recgiV8ble. All inootnlng re80urce5 are accounted for gross. Rèsources &xpended Granis and donations are accounted for when paid ov8r, or when awarded. if that 8waid creates a binding or conslwctlve obligation on the PCC. The dioc8san parish share is accounled frjr whèn due. Amounts received SPerIcalty lor mission are dealt with as reslricled funds. Al olher expendittjre is generally recognis8d when il 15 incurred and is accountEd for gross. Flxed Assets Consecrated and benered properly Is not induded in the accounls in accord8nce with S.9612Xal of tho Chaiities Act 1993 Movable church fvrnishings held by the vlcar and churchwardens on spechw1 trust lor the PCC and which requlre a lacully for drsposal are inalienable property, Ilsled In the church'q inventory, which can be inspected lal any r88sonab19 time). For anything acqulrEd prior lo 2000 there is Insufficient cost iiiformation available and ther8f0 such assels are not valued in th8 financial slaletnenls. Subsequently no Individual item has cost more than £1,000 so 811 such expendllure has been written off when incurred. Depreclalion is provided al thè following annual rates calculal8d lo write off assets over Ihelr 8Stimated useful lives.. Equipment 10.10 on cost Computer equlpment - 33.33°/o on cost Investmgnt As$8ts These are staled as mSd.markel values on the balance sh88t dale. Changes In valuauon over the year are recognised in thè Slalemenl of Financial Aclivilie8. 10
Penslon Fund St Jam8s' Church participates In the Pension Buikler Scheme secllon of CWPF for lay staff. CWPF is admlnislered by the Church Df England Penslons Board, whltth holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two 58etlons'. 1. the Deflned Benelifg Scheme 2. the Ponson B6nelils Scherll&, whlch has two subsections., 21 a deferred annuity secllon knowTr as Pension Builder Classlc. and, bl a cash balance section known as Penslon Builder 2014. Penslon BuSlder Scham• Both section5 DI the Pension Builder Scheme ar8 classed as defined benefit schernès. Penslon Bullder Cla5slc provides a pgnslDn, accumulat8d from conlributlons pald and converted into a deferred annu1ty dring employment based on terms sel and revlewed by the Church of England Pensions Board Irom IiTlle to Ilme. Discretionary Increases may also be added, dependlng on investmènt relurns and other faclors. Penslon Builder 2014 is a Gash balance scherTl8 that provides a lump sum which members use lo provide benefi15 al relirernenl. Pension conlributlons are rpcorded in an account lor each member. Dis¢relionary bonuses may be added b8fore retlTemont, depending on1nveslment rElurns and othèr factors. The account, plus any bonus85 declared is payable, unreduced, from age 65. There is no sub-division of assets beiwegn 8mployers in each seclSon of the Pgnsion Builder Schem8. The scheme is consldered lo b8 a multS-employer scheme as desoribgd in SeGllon 28 of FRS 102. Thls is because11 Is not posslble to allributo the Pènsion Bler Scheme's assets and liabllllles to sp8cifi employers 2nd means that cootributlons are accounted for as if Ihe Scheme were a defined contribution scheme. Th8 pènsions costs charged to the SOFA In the year are the contributions payable In 2025.. £4.358 12D24.' £4.5721. A valuation of the Pension Bulkler Scheme Is c8rrl$d out once ev8ry thr8è years. The mosl renI valualion wa5 carried out 8S at 31st December 2022. For the P8nsion Builder Classic section, th8 2022 v8luaUon rgvealed that all three sections of CWPF are now in surplu.% an thè ongoing assutnptlons used. Al the tll05t reuenl annual r8view effective 1st January 2026, the BoBrd chose lo granl a dlscrelionary bonus of 10 % lo the pensions not yèl In payment and pellsh)ns In paym8nt in respect ol s&tvice prknr lo April 19g7., and a bonus ors penslons in payment in respect ol po8tApril 2006 8ervic6 so Ihal the ponsion Inuease wa8 5¢A IwherE usually it would be calculated based on inflation up to 2.5°1,l. Thls follDwed impTovemenis in the fvndill9 P051tion over 2025. There is no requli8m8nt for d81icit payments al Ihe current lime. For the Pgn8ion Builder 2014 sectlon, the valuation revealEd a surplus of £5.5m on the ongolng assumplior¢s uséd. The Board gTanled a dis¢relion8ry bonus, lo be applled from 1 April 2025, The legal slruclure ol the schem8 Is such Ihal rf another employer falls, St James, Church could become 18sponsible for paying a share of th8 failed empknyer's p8nslon liabilities.
JAMES CHURCH HEMINGFORD GREY NOTES TO THE ACCOUNTS OR THE YEAR ENDED 31ST DECEMBER 2025 INCOMING RESO CES Unrestricted Restricted Funds 2025 2024 Funds Total Total Voluntary income Planned giving.. Donations (Gift Aid & non~Gift Aid) Gift Aid recoverable Collections open plate Donatioris, appeals and grants Legacies 137,261 31.700 1,695 13,516 137,261 31,772 1,695 13,900 10,000 146,989 35,153 1,708 24,073 72 385 10,000 184,171 10.467 194,628 207.923 2b Actlvities for generating funds Children & youth groups Photocopying income Lettings income - Parish Centre Book sales income 1.201 638 1,201 638 4,254 1,061 3,420 1,270 115 1,270 115 3,224 3,224 8,735 2c Investment income Interest reiVed CBF dividend 1,444 1,875 5.700 201 331 1,645 2,206 5,700 1,735 2,024 6.000 Rental income 9,019 532 9,551 9,759 2d Income from chureh activities Wedding and funeral fee income Other incoming resources 1,839 8,135 1,839 8.135 4.679 5,425 9,974 9,974 10,104 Total Incoming resources 206,388 10,989 217,377 236,521
GF ED3 20 RESOURCES EXPENDED str strl 3a Church actlvities Mlssion and chartlable glv1ng Weddlng & funeral costs Organist Vicarts and curate's expenses Activity f888 Salary and social security costs Penslon cos(s Insurance Properly Btssts Ulilily cost8 Training oourse coslts c2Th1ng ¢051s Repairs and fflaintenan¢e cos18 Telephone and eompltsler costs Printlng and stsonery costs Sundrlès costs Legal and professlonal fees Coffe8 hub Depreciation 33,715 375 50 257 33,972 375 so 1.471 7,268 63,091 4,358 4,744 1.315 7,341 281 3.10B 5,241 2,515 1,638 6,314 10,898 6.768 2,859 1fj3,6Q7 4Q,471 2,105 50 1,471 7,268 63,091 4,358 4,744 1,315 7,341 281 473 10,201 63.207 4,572 5,142 1,025 9,312 514 2,829 7,391 2,644 3,925 6,881 690 3.108 5.219 2,515 1,638 6,310 1,190 6,768 672 22 9708 3,5S5 2872 2187 151,429 12,178 167.899 3b Governance costs Ely Dlocese Accounlancy 7,029 650 67,029 650 64,137 650 67.679 67,679 64.787 Total resoufcES expènded 219,108 12,178 231,286 232,686 4 STAFF COSTS 63,091 63,091 63.207 13
MES, EY ESTO EYE DEC 025 FIXED ASSETS ol Cost As al January 2025 753,165 26,307 16,91D 796,382 AddItr¢S 229 899 1,128 Disposals As al 31JL December 2025 753,165 26.536 17,8 797,510 DepreCIaan As al January 2025 18,215 16,206 34,421 Charge lor the year 2.380 479 2,859 Eliminatlon on disposals As al 315t December 2025 20,595 16,685 37,280 Nel Book Value As al 3151 December 2025 753,165 5,941 1,124 760,230 As al 31 DecembeT 2024 753.165 8,092 704 761,961 The freehold property compriso the Parish Centre at 33 High Street, 19 Sl Ives Road and 33 Wren Close, Hemingford Grey Although th8 properties arg 8howft on the balance sheet the deeds are h81d by The Ely Diocesan Board of Flnance 14
SHORT TERM INVESTMENT 2025 2024 Mark6t Value blfwd as al 1st January Invested dliring the year GaSnllLossl on investment 79,397 77,621 13,1741 1.776 Market valus clfwd as al 31st December 76,223 79.397 15
ST JAM INGF TS OR THE DECE DEBTORS 2025 2024 Re¢ov8rable Glrt Aid Olhar debtors Prepaym8nls 2,148 2,241 3,070 2,647 327 1,671 7,459 4,645 LIABILITIES 2025 2024 Accruals + dgferred paytll8llts PAYE Credllor Pènsion Creditor 2,610 1,526 611 5.728 1.784 337 othor Creditors 2,400 2,530 7,147 10,379 FUNDS 2025 2024 Unre5trict¢d Devolopment G8neral 2,903 847,556 2,903 862,974 850,459 865,877 Restrlctod Bells 2,203 17,715 5,339 1,702 1.952 17.859 7,526 Don Brown Legacy Garden RoL¥m Heating system Restricted Donations 1,487 26,959 28,624 16