Charity Registration Numkr 1133726 ST JAMES, CHURCH POOLE Annual Report and Financial Statements For the year ended 31 December 2024 Sue Wintle FMAAT Independent Examiner 27 Bascott Road Bournemouih BHI18Rt
ST JAMES, CHURCH POOLE Contents R¢fcrcnce and AdministraUv¢ Dctails Staiement ofTrustces' ResponsibililiLs Independent Examiner's Report Sta¢¢ment of Financial Activities Balance Sheet Notes to the Financial Sia(ements B&lan¢¢ Sheet Notes 9-10 Analysis of income and Exp¢nditure 11-13
ST JAMES, CHURCH, POOLE Reference and Administrative Details Trustees Canon l.ucy Holi Richad A.8hw¢ll Jill Builey Lydi¢l Builcr-martin (Resi8ncd 30.04.24) Peier Fleming Curole Goddard Nick Hodgson Paul Luxton Agncs Medrycka Suc Mother.%ol¢ Linda Nother Carolin¢ Ckhring Anne Poaic (Rcsigncd 30.04.24) Fred Poate (Appointed 30.04.24) James Walluce-Hudrill Tcrcsa Woodhall (Appoinied 30.04.24) Prlnclpal Office S¢ James, Church Church Street Poole. BFII 5 1 JP Charlty Reglstratlon 1133726 Glft Ald Reglstrgtlon X56841 Independent Examiner Suc Wintle FMAAT 27 Bascoll Road Bournemouth BHI18RJ
ST JAMES, CHURCH, POOLE Statement of Trustees, Responsibilities The Tru4lees arc re5pon5ible for preparing the financial slulemcnis in accordance with Ihe Uniied Kingdom Accounting Stsndards (Unilcd Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law upplicable to chariiies requires ihe ¢ru8tees to prepare financial slatments for each financial ycar which give a true and fair vicw of the state of affairs of ihc charity and of ihe incomingi resources and application (Kl resources of the chariiy fur thal period. In pr¢paring these financial Slatements. the irustees are required to.. Sclect suiiable accounting policies and then apply Ihern ConsisnI]y. Observe the methods and principals in th¢ Charilies SORP. Make judgemcnts and estimates that are reasonablc and pruden¢; Stale wheih¢r applicable accounting standards have been followed, subjccl lo any rnaierial departures disclosed and explained in ihc financial statement%; and Prepur¢ thc financial slatements on the going concern basis unl¢54 It itr> inappropriate lo presume that the charity will onlinuc in business. The irusiees are responsiblc for k¢cping proper acLounling rccord.8 (h¢il disclose with reasonable accuracy al any time the financial posilion of the chariiy and cnablL them ILI cns'urc Ihal the financial statements comply with thc CharitLCS Acl 2011, Ihe applicable Charilics IAccuuni$ and Rcp()rts) Rcgulalions, And the proviiiions of lh¢ rcasonable .¥tcps for the prL"vcntion and d¢t¢ction of Iraud and viher irregularities Approved by Ihe irustees of thc charity on And signed on lis behalf Rev'd Canon 14UCy Holi Rector
ST JAMES, CHURCH, POOLE Independent Examiner's Report to the Trustees of St James, Church, Poole report on the accounts of th¢ PCC for the year endcd 31 si Dc¢ember 2024. which sei out on pages 4-5 and 9-13 Respeetlve responsibilities of tho Trustees and FJxAminer The iru41¢¢5 are rc5ponsible for the preparation of ihe accounts. The churity'8 trustres considcr that an audii is not required for this ycar under section 144(2) of the Charili¥s Act 2011 (Lhe Charilics 2011 Aci) and ihat an Ind¢dent .cxaminaiivn is ncedcd. It Is my responsibllity to: examine the accounls under section 145 of the 2011 Ch&rities Act 10 follow the proccdur¢s laid down in the General DireLiions given by the Chariiy Commisslon (under section 145(5)(b) of ihc Chariries Aci and to Slate whcther particular matters have come to my attention Basis of Independent Examlner's Statement My cxamination was carried oui in ac¢ordancc with gencral DiwLiions givcn by the Charily Commission. An examinaiion includes a review of the accounting record% kepi by the charily and a comparison of the accounts prei*ented with those ordS. Ic al80 iniludes consideration of any unusual iicms or di4closur¢s in Ihc accounl5, and seeking cxplanaiions from the tru81ee4 concerning any such mailcr.4. The procedures, undertakcn do not provide all the evidence Ihat would be rcquircd in audit, and conscqucntly no opininn is givcn os lo whLih¥r th¢ a¢¢ounLs presenl a "true and fair view" and ihc rcport ili limid lo those mallers as Ici oul iii Ihe sl¢ltcmcnl below. Independtnt Ex¥mlner'$ Statement In Lonncclion with my examinalion, no maller has ¢ome io my atlcnlion.. (I I which givcs me rea50nablc ¢au%e to bclicvc lha( in uny matei'ial respcLt thc rcquirements.. To kccp accounlin8 records in accordance with Scctionl 30 of Ihe 2011 Act.. and To prepare a¢¢oun¢s which accord with the accounting r¢¥(Irds and comply wilh the a¢¢ouniing requircmcnls of the2011 Aci Have not been met.. or (2) to which. in my opinion, attention should be drawn in order lo enable a proper under51anding of (he accounis to be reached. Signed Sue Wintle FMAAT
St James, Church, Poole Statement of Financial Activities For the year ended 31st December 2024 ]ncDme and End0ts from CenerAI Deslin Restr'd Endow 2024 72W2 14J14 31,950 2023 59,741 10.097 27.319 462 255 86 97.961 Dondlions and Lcgacies Charitable Aciiviiies Investm¢ziL$ Mission Other Incon Tradin8 Acuvits¢S Total 72,072 13.240 26,294 160 1,074 63 5.593 178 111,784 1711 1111,681 63 1,241 5593 EypeDditure on Admini5traiion Balsion T¢rr¢ Church Building Cos Church Centre Costs Church Running Cosls Mi¥¥ivn PiSh Share Total 29,912 3,594 18.704 4.530 7.293 93 45.608 11)9,795 29,912 3594 20,038 45JO 7025 120 45,608 111ffi28 28,793 4,302 23.811 4.394 7.004 582 47,508 116,394 1.274 532 27 1,833 Ne¢ Income (Expendlture) b¢fore tr#nsfer8 1,989 63 15921 5593 7,053 118,4331 Transfer3 betwttn funds Gross transfer5 in Gross trlln5fcr4 ou¢ Gain81{108sc¥l on Inve$imeni Asset% Gain{]$$¢5I un Invc51mcni Ayycis Net nK)vement In funds 7,206 (5,5931 7,206 73 (5,593) 16,784 14,004) 15.653) 1,989 To1 funds brou8hi forward 45,880 25,275 236,008 142,578 449,741 455,394 Total fL)nds carried foThvaryl 47,869 25,338 235,416 J49,71J4 458.41)7 449.741
,St James, Chureh, Po(ble Balmnee Lshoet As at 31st December 2024 Note 2()24 FIMd Ats InVemeRi3 Tatt8ibJe 2023 153,784 225.218 179,IIThI 146,378 225.431 372.009 C•sh at Bank and In Hand Chur£lK's MulU Crcdit Uthjon Ille Jemm Uoyd$ Urrtsth¢d Account Uoyds R¢Sl(d AeL(xkni Petiy Cash CBF Dewsil A¢In¢ 25.338 88 8,856 14,247 25.275 110 8.864 14.917 76 27.257 76.51K) 28.704 77233 Debtors 7,924 5.265 Ctsrrmt A$8ets 85,157 81,765 Current Llabllliits Cr[lOr$ 15,7521 14.0341 Asstts Iw Llabllltle 458A07 449,741 General FuThJ Designat Funds Rtxiricwd Pund$ Endowtn¢ni Funds Tolil 47,869 45.880 234,416 149,7¥4 458,407 2301K)6 142,578 449.741 Approved by the members of the PaTochil Church Cvuncil 27.ul. 25 and signe(l OD their behH]f by Rerfd Canon rY TmJ5te
ST.IAMES' CHURCH P()OI.F Notes to the Financial Statements For the year ended 31st l)eL'ember 2024 I. ACCOUNTINC POLICIES .8tatement of Compllan¢e Thc Iinanciul Statemen have been preparcd in accord&ince with A¢counling and Reponing by Charities" Sialcmertt of Recommended Practice applicable lo charitics preparing Ihcir accounts in accordan¢¢ with the Financial Reporting .8iandard applicable in the UK and Republic of Ireland (FRS 102) (effeclivc l January 2015) Icharities SORP (FRS 102). the Finan¢ial Siandard applicable in thc UK and Republic of Ireland (FRS 102) and (he Charities Act 2011. Basis of Preparation Si James, Church meeis ihe definition of a public benefit entity undcr FR.8 102. Asseis xnd liabilities are initia]ly recognised ai historical cost or transaction value unless Otherwise .qtai¢d in ihe relcvanl <iccounting policy notes. Exemption from preparing a cash now statement The charity Oplcd io early adopt Bulletin I published on 2 February 2016 and have therefore included a cash flow Stament in Ihese financial staicmcnls. GoSnE Concern The tru51¢cs consider that Iherc are no material unccrLuinlic8 about th¢ charily'b Abilily to continue as a going conccrn. Income and Endowments This reprc5cnts ihe (otal valuc of all donalcd incomc dnd any uiher income rcccivablc by ihc charity. This 1$ acLounled for on a rcccivablc basis. L£gacie.% are acL()unled fur only oncc Ihcrc is both Ihc ccrlainly of rcceipl und the abiliiy io providc an accuratc valuation. ExpendSiure R¢sourccs are mostly eXftded on 8rants to individuals and organisa¢ions a8 approved by the trustces during tru¥l¢e meciing%. Raising Funds These are cosis incurwd in aitracting voluntary income, (he management of invesimcnts and those in¢U¢d in trnding aclivities ihat raise funds. Charitable Activities Charilable expenditure comprises those costs incurred by the charity in the delivery of its aciivities and services for ils bencficiaries. It includes both ¢osls that can be alloealed directly to sueh a¢livilies And those costs of an indirect nature nccessary lo support them. Cyrgnt Provlslons Provisions for 8rant5 are madc whcn che intention to make a grant has been communicated to the recipient bul there is un4¢rlainLy about elth¢r ihe tlmlng of the grant ur ihe dniounL ol grunt payable. Suppurt Costs Suppvrt costs include central functions and have bc6n ullocal¢d io activity ¢ost caiegorics on a basis consi51eni with ihe u%e of rcsourccs, for example. allocating property CO$18 by Iloor areas, or per capiiu, slaif c0515 by the iimc spent and other costs by ihcir u&asc.
ST JAMES, CHURCH POOLE Notes to the 14 inancial ,Statements For the year ended 31st December 2024 Covernance Costs Th¢5e in¢lud¢ Ihc cosis altributable io thc chdrily's compliance wilh consiilulional and slury requiremenL8. including udiL. stratcgic managein¥ni und truste#s' m¢cLing8 and r6imbur.8ed ¢xpense.8. Taxation The charity is considered pass Ihc tests sei oui in Paragraph I SLhcdulc 6 of the Finan¢¢ Act 2010 and ¢he[ore it meets Ihe definition of a chariiable cornpany for UK corporation tax purpose8. Accordingly. thc chariiy is pontIallY exempi from laxaiion in rcspecc of income or capital gains received within caiegoric% covered by Chapter 3 Pan I l of the Corporation Tax Aci 2010 or StiOn 256 of the Taxation or Chdrgeable Gains Acl 1992. to the exnI thai such income or gains are applied exclusively to charitable purposes. Fixed Asset Investments Fix¢d a$sci invcstm¢nis. othcr than programme reliilcd invcstm¢nls (e included at markei value ai the balance sheci ral¢. Realised gains and Ios5¢5 on invcslmenis are calLul¢iied as ihe difference beiween sales proceeds and their market value at the slarl of the year. or their sub5cquent cost. and are churgyed ur credited lo (he Statemcni of Financial Activities in the perii)d of disposal. Unrealised gains and los4es represeni ihe movement in markcl vthlues during Ihe year and are credited or charged to the Sialemenl of Financial Aciivilies bayed on Ihe markel value al the ycar end. Tangible Fixed Aets TMn8ibl¢ Fixed AsseLS are depreciation over Ihcir c8limat¢d uscful life, t>0 to wrile off their cosi les$ c3timalcd rcyidu41 value. D¢pre¢iAiion rates vary according to ihc Llt15s of as8el and dre'.- Ccnlre C0818 ovcr l O years Ccnlrc Equipmcnt over 4 years Church F4uipmcnl ovcr 4 years Cash and Lash Equlvalents Cash and cash cquivalenis comprise cash on hand and c'all deposits, and other short-ierm highly liquid investmenis that 4re readily convcriibl¢ to a known amount of cash and arc subjccl Lo &in insignilicanl risk of change in value.. Fund Structure Unrcstrici¢d income funds are general funds that are availablc for use ai the trustees. discrciion in furtherance of the objective of ihe charity. Financial Instruments Ciassificatwn Financial assets and finan¢io1 liabilitlC8 are recogniscd when ihe Lharity becomes a party to the wntractual provisions of the instrument. Financial liabilities and equily inslrumcnts a classified according lo thc substance of the contractual attangements entered into. An equily in51rumenl is any conirmct that evidences a residual inlercsl in Ihe assct8 of the charily alter deducting all of Its liabiliii¢5. Re¢ognilion and Measuremenl All financial as$¢is and liabilities are inilially measurcd at iran.%action price (including tr&n8a¢tion cosls). excepi for those financial assct% classified as ai fair Value though profil or loss, which arc inilially measured at fair value (which is nortnally thc Iransaciion price excluding transaLtiun costs), unless Ihc arrdngemcnl conslitutes a financing transaction. If an arrangernent constitutcs a finan¢in8 irun%uLtion, the Iinancial ass¢1 or financial liabiliiy is memsurcd a( ihe prcseni valuc of Ihc fulljre paymenls discounied di a markei rale of inlcresl for a simildr debi insirumenl.
ST JAMES, CHURCH POOLE Notes to the Financial Statements For the yegr ended 31st December 2024 Recognition and Measurement ¢oniinued ' Financial a5scls &nd liabililies a only offsei in the slatement or rinancial position when. and only when there exists a legally enforceable righi to scl off Ihe recognis¢d amounls and Ihe ¢harily illicnd.% ciiher to s¢llle on a nei basi$, or (o reali8c Ihe asset nd sciile ihc liabiliiy simultancou¥ly. Fihancial asseL8 arc deO£nISed when and only when a) Ihc concraklual righis 10 the cash flows from the financi¢il asset expire or are seiiled. b) the charity Iransfer8 to anoLher party subslanlially all of the risks and rewards of ownership of ihe financial asset, or ¢)Ihe charity. despite having retained &ame. but not all, significant risks and rewards of ownership, has transferred control of the asset to another party Financial liabilities are derQgnIsed only when th¢ obligation in the con(ract is discharged, cancelled or expires. Inv¢slments Invcstmcnis in non4onvcniblc pference shares and non-pultdble ordinary or preferenc¢ shares (where shares are publicly traded or their fair valu¢ is reliably mcasurable) are measurcd dt fair valuc ihrough profit or Ios5. Where fair value cannot be measur¢d reliably. invesimenis arc mc<isurcd ai cost Icss impairmcni. Inve8tments in subsidiaries and associates are mea.8ured thl cost le8q impairment. For inveglments in subsidiaries acquired for cons'ideration includin8 th¢ issue of share8 qu&lifyin8 r()r mer8ur relicf, Lost is IncasurLd by referenc¢ 10 the nominal valuc of Ihe shares issued plus fair Value of oihcr consideration. Any premium is Ignored, alr Value Measuremenl Thc besi evidence of fair valuc is u quoted priLC foi. an identical (ljisel in un aclivc markel. Whcn quotcd price8 are unuvailablc. th¢ price of a reccni traniaclion for un idonlical asscl pr()vidc% cvidencc of fair valuc dl% long us there ha.8 not bccn a 8ignificani change in cconomic circumsl¢inces or a %'ignificanl lap8c of iimc since thc Ir&nsuction look plac¢. If the market is noi aclivc and recent Iran.8aclions of idcnliLul t)s.yLI Dll Lh¢ir own are nol a good eslimaie of fuir value. Ihc fair valu¢ is eStimad by using a valuation techniqu¢. Recou ment Seheme Thi.5 ha8 now been repaid in full ommitments At 31" December 2024 ihere were no ouislanding capital commilm¢nt5, Ai 31" December 2024 there were no ¢ontraci Lommitments outstanding.
St James, Church, Poole Notes ts) the FAnancial Accounts For the year ended 31st December 2024 Accum Units No3 Coup CB Flxed Assets Note Incvme Units Totsl Endowmcnt Funds Funds Brought forward Gain on Investments Total Funds Carried forward 36.757 4.692 41,449 109,821 2.514 112,335 146.578 7,206 153,7114 Accum Depr (2,115) (5.617) {20.202) Depr Th1$ Year Cost 2,115 10,080 20,202 220,968 253J65 NBV Centrc Equipment Centre Ki¢Lh¢n Chur¥h Furniture & Equipmenl Housc Church Work¢r (213) 4.250 220,968 225218 127,9341 (2131 2024 2023 Debtors PrLpdytnent8 Sundry DLbiors 1.209 6,715 7,924 2.474 2,791 5,265 Credltors Accrual% Corntnunity Meals Dio¢cs¢ Credilur Wcddin¥ Fees Sundry Crcditurs Wcdding D¢pusi 2,128 1.146 428 1,350 5(K) 21K) 1.416 1,146 571 S(K) 4(X)
St James, Church, Poole Notes to the Tr'inancial Accounts For the year cnded .I15t December 2024 und ResourL*s Balanc InlMIng Outgolng TTr$fers B.fwd 25275 Fund B4laneeg C.Fwd Cyalns Designated Trknnds Rector & Ch Wardens 63 Endowment Funds i£stcr IA'gdCy St JameslPaul's Repairs 17,416 125.162 142,578 2.514 1901) 1,613 19.930 129.854 149,784 5,593 5,593 Restricled Trunds Belfry Children's SociLIy Communiiy Meals r,cllowship Flowers Houging Fund Li¢tlc Jemm5 Memorial Garden Missionary More than Sistcrs Outrca¢h ReL(ur& N¢¢dy Sund4ly Club Vision 22 1.9(X) 580 (4201 1,146 853 87 22U,968 1.028 270 <8531 87 220,968 985 270 489 15 15 252 1,170 252 28 8..106 236,008 (28) 150 1,241 8,456 235,416 (1,833} (7eneral Fund 45,8110 111,784 (I(V),7Y5) 47,869 Total Funds 449,741 1111,681 (111,6281 1,613 45R,407 Trstee RemuneratloD and FJ%penses Agnes Medrycka is the only salaried trustee No trustees hav¢ received any reimbursed cxpen5es or any other bLnefils from thc charity during the year. Independent Examlner'¥ Remun¢ratlon ExaTnination of the financial siaiemenis 2024 420 2023 410 10
St James, Church, Poole Statement of FinanciF41 Activities Analysis of Income und Expendlture as at 31st December 2024 INCOME AND F.NDOWMENTS FROM Donations and Le2aLies Church Collections I)onations Freewill Envelupes Gift Aid Tax Grunis LegaL'ies Pdrish Giving Scheme RLKular Giving Sumup Visiior Gift Aided Giving Vision 22 Wall Boxes Unroxtr'd 3,-344 1,678 85 12.028 6.(K)O 2.000 19.402 25.1115 744 624 De$lg'd Restr'd Endow 2024 3J44 1ffj78 85 12,038 2023 3,613 4,076 147 10.399 335 io 19.402 25,185 744 624 l50 982 72232 15.209 23.358 699 999 205 701 59,741 150 982 72,072 160 Charltsble Actlvfitles B¢lfry Chees¢ &Wine Christmas Con¢crt ReLilal4 570 570 358 5,992 2,424 2,825 5,992 2,424 2.825 351 2,324 2,739 69 725 lower liund Little Jcmms LunLh 14oliddy Club Mvro Ihiin Siit¢rs Rcfreshmenls Rurul Dean, Sundry Income 489 489 15 15 1,073 800 117 14.314 1,086 2,4110 45 10,097 8(X) 117 13,240 1,074 INCOMli. AND ENDOWMF.NTS FROM Inve?*tments Chuwh Renials Dividcnds Faiihworks Hall Rent Interest Rcceived Rental Balston Terrdce 2,045 1,699 6,000 2,045 7J55 850 3,698 6,0(M) 871 15,900 27,319 63 5,593 16,550 26,294 16,550 31,950 63 s93 Tr8dlnE Income Card Sdlcs 178 178 86 Mtsslon Childrcn's Swiety Foudbtink Sedfarcrs Totsl Mlsslon 273 114 462
St James, Church, Poole Statement of Financial Activities Analysis of income and Expenditurc as at 31st December 2024 INCOME AND ENDOWMENfs FROM Cvntlnued Other Income UnnI5tr'd VAT Refunds DL81%'d Restr'd 2Q23 255 255 Total Income 111,784 63 1,241 S93 118,681 97,961 EXPENDITURE ON CHAIUTABI.E ACTIVITIES Admlnlstration L05ts Unr&str'd Accountant 420 Administration 936 Bank Chargcs 34 Bookkeeping 1,086 Clcrgy Expenses 330 Copier Charges 1,266 CurdiL Expcn8es i£asing oi'fi¢L' Machincry Pcnsion Salaric4 Sundry F.poens¢s Posldg¢ Tclcphone Desig'd Restr'd Endow 2024 420 936 2023 410 813 118 1.020 366 I,iio 217 1,200 185 21,037 114 202 2,(K) I 28,79.3 1,086 330 1,200 117 22,206 117 21206 93 2,224 29,912 93 2,224 29,912 Church Bulldln2 Costs B¢lfry cILanIn Caretaking Depreciation Elcclrcitiy 420 420 1.622 213 1,622 213 1,900 2.53 7.012 5,295 1,140 583 2,626 1,847 6,671 3,889 6,894 2,538 7,012 6.149 Insurance Maintenan¢¢ Vision 22 Water 854 184 18,764 1,274 20,038 23,811 Church Centre Costs clnIng & Caretaking Insurance Maintenance Managcment fe¢ 280 1,746 829 1,675 4,530 120 1,896 961 1,417 4.394 1,746 829 1,675 4,53n 12
St James, Church, Poole Statement of Financial Activities Analysis of Income and Expenditure as at 31st December 2024 Ch&rltsble Actlvltles Church Runnlng Costs Cards Chri%imas IT Li¢ences Littl¢ Jemms Musicians Organ Piano Maintenance Refreshments Running Cos Unrestr'd Deslg'd Restr'd Endow 2024 2023 27 525 154 811 1.215 900 1,379 689 1,304 7,004 1.559 IJ59 862 532 532 I,ioo 456 I18 1,798 7,825 1,100 456 1.518 1.798 7,293 532 Charitsble Activities Mlsslon BiblL Society Foodbank Sedfdrers TLurfund Total 273 114 75 120 582 93 9.3 27 27 120 120 Other F.xpendltur¢ Bulllon TcrruLe In4urdnce Bal%lon TLrr M'ment fee Illll4ton TeaLl Runninb Cosis 519 IA70 1,505 3,594 501 1,-525 2,27fi 1,570 1,511.5 3.594 Parffish Share 45,608 45,608 47,508 Tothl Charitsble Artlwitles 109,795 1,833 111,628 116,394 13