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 Consis￿nI]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 limi￿d 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 End0￿￿￿ts 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 P￿iSh 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 To￿1 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 A*ts InVe￿meRi3 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$ Ur*rtsth¢*d Account Uoyds R¢S￿l(￿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 PaTochi*l 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 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 de￿O£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 der￿QgnIsed only when th¢ obligation in the con(ract is discharged, cancelled or expires. Inv¢slments Invcstmcnis in non4onvcniblc p￿ference 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