The Parochial Churth Counal of the Ecclesiastical Parish of St James West Streatham 5outhwark Charity No. 1133859 Annual Report and Accounts Year Ended 31st December 2020
Inojmbent Revd. Rolk Po11 Barclays Bank PIC Wimbledon Business Certre 8Athndfa Road blfirnbledon Lonth)n SW19 7JZ Independent Examiner. Leroy Reid & Co thartered and Certified knuntsnts 299 NOrthroUgh Road Norbjry London SWIS 4TR The Church is k)cated atthetomer of Mitcham lane Welham Road streatham London SW 16 6
Our Mission At SL Jame All of Life for Christ Empowering ordinary people to Irve extraordinary INes by Enabling people to come to know Jesus as Saviour and Equipping people to live forJesus as Lord
Contents: Page= Trustees Report (Parochial Church Council) Trustees responsibilities Independent Examiners Report Accounts Statement of Financial Activities Balance Sheet Notes to the Accounts Accounting Policies Analysis of Income and Expenditure 9-10 Statement of Funds li Notes on Fixed Assets and Other Notes 12
Trustees Annual Report (Parochial Church Counal) for the year ended 31st December 2020 The Trustees present their annual report and accounts for the year ended 31st December 2020. The Parochial Church Council of the Ecclesiastical Parish of St James West Streatham Southwark is a registered Charity No. 1133859 Objectives: St. James. PCC has the responsibility of co-operating with the incumbent. in promoting in the ecclesiastical parish the whole mission of the church. pastoral. evangelistic, social, and ecumenical. It also has the maintenance responsibilities for the Church Hall complex located in Welham Road and the Curatè's house at 171 Mitcham Lane. Statham. Parochial Church Council Member5: Trustees (Members of the PCC) are elected by the Annual Parochial Church Meeting IAPCMI in accordance with the Church Representation Rules including co-opted and ex-officio members. Ex Officio: Revd. Rob Powell Revd. Johan Allen Marcia Gordon John Talbot Nick Burt Elizabeth Gibbons Glynis Wilkinson Ailie Neill Alan Burrows Team Rector Assistant Minister Churchwarden Churchwarden Diocesan Synod 2018-2021 Deanery Synod 2020-2023 Deanery Synod 2020-2023 Deanery Synod 2021>2023 Deanery Synod 202(>2023 Chairman. Electoral Roll Officer Treasurer Elected Members: Adam Seymour-Davies Peter Neill Lisa Burrows Millie Miller Katherine Striesow Noah Reddie Stephanie Sulaiman John Farebrother Frances Christian Jacqueline Gray April 2018- April 2021 April 2018-April 2021 April 2018 - April 2021 April 2018 - April 2021 April 2019 - April 2022 April 2019 - April 2022 Oct 2020- April 2023 Oct 2020- April 2023 Oct 2020- April 2023 Oct 2020- April 2023 Secretary and Lay Chair PCC Meetings: The PCC held 4 meetings during the year. Due to Covid restrictions these meetings were held virtually via zoom. The average attendance was 64.25% (previously 69.38%}- Committees: The PCC operates through several task groups, which have met between full meetings of the PCC. to whom they are responsible and to whom they report.
Trustee IPCC fvlembers) Report for the year ending 31st December 2020 (continued) Church Attendan. The Church Electoral Roll records 171 (previously 180) persons as members of the Church, 122 of whom are not resident within the parish. As services were online through 2020. The average Sunday attendan counted during October and November wa5 not Possible to count {previously 85}. Review of the year: The various activity groups will highlight their artivities during the year by giving reports at the APCM. The activities of the parish insofar as they impinge UFK)n the Ststement of Financial Activities have been as follows= l. The parish's contribution to the central fund of the Diocese of &)uthwark Ithe Parish Support Fund) remains the principal item of expenditure at £78.417 for 20201£78,OCM> 20191 and has been paid in full. 2. Voluntary contributions from members of the congregation remain the principal source of income. Income from donations for unrestricted purposes including claimed Gift Aid amounted to £145,4401£150,901- 20191. An Advent Thanksgiving gift day was held with a commitment that the first £3,[ of donation5 would be divided between three projects- CPAS, The Shepherd Society and Romania Action Aid. Total donations received were £15.450 including associated Gift Aid1£16.877- 20191- The PCC continues to encourage the congregation to give to the Church in a regular and committed way using one of the stewardship schemes. Tax efficient regular giving to the General Fund amounted to £90.4901£94.854 - 20191 and with other Gift Aided donations, £20,8791£20.880- 20191 was claimed in Gift Aid for unrestricted purposes. Other donations of £12.2441£4.899- 20191 included restricted donations forvarious areas of the Church's ministry and from the Governmenys Covid Furlough Scheme. The PCC'S commttment to supporting all aspects of mission resulted in £37,2131£37,893 - 20191 being Eranted to several causes including sUPPOrt for the Furzedown Youth Centre by the donation of the £21,466 for rent and utility bills. A tithe on income from giving of £12,5121£12.161- 20191 was split equally between two Mission partners receNing a share with Furzedown Youth Centre receiving 113, and "Crosslinks" receNing 213 in support of Alun and Debbie Burt's ministry in South Africa. Total income amounted to £214.7851£248.336- 2019} of which E4.080 was restricted1£5.553 20191. Total expenditure amounted to £233,677 (£239,564 - 20191 of which £20.525 was expenditure on $trItted iterns1£6.106- 20191. The generosity of the people of St. James continues to be a source of both encouragement and humility- It is encouraging that we have been able to welcome new faces into the congregation. It is hoped that newcomers will soon become full and active members of our Electoral Roll. 3. The churches of the Furzedown Team Ministry (St. James, St Alban'5 and St. Pauls) continue to work closely together and with Mitcham Lane Baptist Church. sharing a vision of mission in the community. especially in the area of ministry to young people both through Sunday groups and through the work of the Furzedown Youth Centre.
- The Church continues its commitment to children and young peoples. ministry. A full-time Youth Outreach worker is jointly employed WTth our partner churches. Little Fishes continues to be. for many, a first introduction to church life and is currently oversubscribed. Get Set and Adventurers continue to engage with children of Primary school age during the week. Due to tovid re5trirtion5 it wos not possible to hold our regular groups in a physical way. However, we continued meetin9 our commitments via zoom andyoutuba
- The Church continues its commitment to the Funedown Youth Centre and. in partnership, work to improve the facilities of both the upper and lower halls continues to be the goal of the Community Centre Management Committee. The Church views FYC as 3 major resource for the young people in the surrounding community- Due to covid restrittion5 it was notPOSsible to let the Church holl or centre.
- During the year the Church continued to consider the use of tts buildings and possible developments that might be undertaken to further the mission of the Church in the future. A small working group under the BuildinE for the Kingdom Project has been working on developing proposals and ha5 fed back to the PCC and church member5 for further input during the year. Flnancial Review The parish's f5nancial position has seen a net income of -£18,892 which is down on 2019's net of income of £8,771. This was largely due to the followirE= Loss of revenue due to Covid restrictions not pemittting the hire of hall and centre. Reserves Policy The PCC considers that the Building Reserve of £25.CKIO is an appropriate sum to Set aside for unforeseen repairs required to the Church building. However, it is committed to increasing this reserve by a transfer of £5.000 from the General Fund each year when surplus funds are available. The balance on the General Reserves at the end of the year was £81,458. an increase of £2.701 from the start of the year. This higher than the agreed policy of holding reserves equal to three months, unrestricted expenditure- circa £58.288 at December 2020. Meanwhile designated funds of £20,668 are also available and could be undesignated by the PCC if required. Public Benefrt Statement The PCC has conSided the Charity Commission's guidance on publit benefit. They try to enable all people to live out their faith as part of our parish community through worship and prayer; learning about the Gospel- developing their knowledge and trust in Jesus- provision for pastoral care for people living in the parish- serving those in need: and missionary and 0reach work. Reporting Accountants Messrs Leroy Reid & Co. Have indicated their willingness to serve a5 the examiners and a resolution re-appointing them will be proposed at the annual general meeting. Signed= Qs Revd. Rob Powell Chair Adam Seymour-Davies Secretary Date: 11- •(- 21 Date: 11- s_ L I
Statement of PCC Members, Responsibilities. The law requires PCC members to prepare financial statements for each financial year which give a true and fair view of the Parochial Church Council of St James, West Streatham financial activities during the year and of its financial position at the end of the year. In preparing financial statements we are required to= l. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether applicable accounting standards and statements of recornmended prartices have been followed, subject to any departures disclosed and explained in the financial statements. 4. Prepare the financial statements on a going concern basis unless it Is inappropriate to presume that the Parochial Church Council of St. James, will continue in operation. The members are responsible for keeping accounting record5, for Safeguarding the assets of the organisation and for taking reasonable steps for the prevention and detection of fraud and other irregularities should they exist. By order of the Board Revd. Rob Powell Chairman Date.. l% o b-
Independent Examiner's Report To the PCC of SL James, West Streatham We report on the accounts of the PCC for the year ended 31st December 2020. which are set out on pages 6 to 12. Respective responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts. You a150 consider that the audit requirement of section 14412) of the Charities Act 2011 (the 2011 Act) does not apply and that an independent examination is needed. Having satisfied ourselves that the chartty is not subject to an audit and is eligible for independent examination. it is our responsibility to: examine the accounts under sertion 145 of the 2011 Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act- and to state whether particular matters have come to ourattention. Ba515 of Independent Examiner's report Our examination was carried out in accordance with the General Dirertions grven by the Charity Commissioners. An examination includes a review of the records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosL¢res in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair vie and the report is limited to those matters set out in the statement below. Independent Examinerfs statement In connection with our examination. no matter has come to our attention= 111 which gives us reasonable cause to believe that in any material respert the requirements . to keep accounting records in accordance with section 130 of the 2011 Act: and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and those contained in the Church Accounting Regulations 1997 have not been met. 121 to which. in our opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Leroy Reid & Co. Chartered Certified Accountants & Registered Auditors 299 Northborough Road. Norbury, London, SW16 4TR. Date:
St. James West Streatham Statement of Financial Activitie5 For the year ended 31 December 2020 Note Unrestricted Restricted Endowment Total 2019 Income and endowments from: Donations and legaties Charitable activities Other trading activities Investments Other Total 145.440 32,502 960 26,610 5,193 210.705 3.248 832 148,688 33,334 960 26,610 5.193 214.785 154.356 63,198 3,476 25,683 1.621 248.336 Expendlture on charltable actlvltles: Church activities Salarie5 and 5UPPOrt Costs Management and admininstration Mission giving and charitable donations Total 129.436 45.313 4,424 33.978 213.151 17.291 146.727 45,313 4,424 37.213 233,677 154,694 42.941 4,034 37,893 239,564 io 3,235 20.526 Net incomèllexpÈnditurÈl IU461 {16A461 118,8921 8771 Transfers between funds 19,1731 9.173 Net movement In funds 111.619 17273) 1180921 8.771 Reconciliatson of funds.. Total funds brought fotwaid Total funds carried forward 113.721 102.106 10.682 3,411 IlJ),613 100.613 225.017 206.130 216,246 225.017
St. James West Streatham Balance Sheet As at 31 Dember 2020 2020 2019 Flxed assets Curates House 171 Mitcham Lane 100.613 100.613 100,613 100,613 Current assets Cash at bank and in hand Investrnents Sundry debtors Prepayments 92,588 8,659 17.206 1.139 119.592 115,903 8,659 15,851 581 140.994 Liabilities Accrual Independent Examination Creditor HMRC PAYE & NI Other sundry creditors and accruals 1.2LN) 1,2(K> 151 15,234 16,585 12,869 14.075 Net current assets 105.517 124A09 Net assets 206.130 225.017 Represerrted by. Unrestricted funds Designated funds RÈstrirted funds Endowment funds li 12 13 14 81,438 20.668 3,411 IIKJ,613 206,130 78,737 34.988 10.684 100,613 225,017 Signed: Revd. Robert Powell: Chairnian Alan Burrows: Treasurer
st. James West Streatham Note5 to the Finanaal Statements Year ended 3tst Dember 2020 l. Accounting Poli(ies al Basis of preparation of accounts The financial statements have been prepared under Churth Accounting Regulations 2006 in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. The Charity is a public benefit entity for the purposes of FRS 102 and thèrefore the Charity has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland mie FRS 102 Charities SORPI and the Charities Act 2011. The trustees have assessed whetherthe use of the going concem basis is appropriateand have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue a$ 3 going concern. The trustees have made this a$5e55ment for a perrod of at least one year from the date of approval of the financial ststements. In particular the trustees have considered the charivs forecasts and projections and have tsken account of pressures on donations and rental income. After making enquiries the trustees have conduded that there is 3 reasonable expectation that the thartty has adequate re50urce5 to continue in operational existence for the foreseeable future. The charity group therefore continues to adopt the going ¢oncern basis in preparing its finantial statements bl Fund Accounting Unrestrictedfunds are available for use at the (retion of the PCC in furtherance of the general objertives of the church. Restrictedfunds are Subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. cl Income All income is included in the statement of finanaal activities when there is entitlement to the income, the receipt is probably and the amount can be measured reliably. Legacies are recognised following probate and On the is Sufficient eviden that receipt is probable and the amount of the legaLy receivable can be measured reliability. Where entitlement to a legacy exit5 but there is uncertainty as to its receipt or the amount re[vable, details are disc105ed as a Cchltingent asset until the criteria for irtcome recognition are rnet. dl Expenditure Liabilities are recognised once the Is a legal orconstnjctive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in 5ettlernent and the amount of the obligation can be rneasured reliably. All expenditure is accounted for on an accruals ba51S and has been dassified under headinES that aggregate all costs related to the category. Choritoble octivities comprise those costs incurred by the thurch in the delivery of its act¢vities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indireci nature necessary to 5UPPOrt thern. el Crttical accounting estimales and areas of judgement In the view Df the trustee5 in applying the accounting policies adopted. no judgetnents were required that have a Significant effect on the amounts recognised in the finanaal statements nor do any estimates or assumptions made carry a significant risk of material 3dju5lment in the next financial year.
St. James Church. West Streatham Notes to the Financial Statements Year ended 31 December 2020 Analysis of income and expenditure Un- restricted Totsl 2020 Un- Restricted Total 2019 Income and endowments from: Donations and legaties Regular tax efficient Èiving other regular Eiving offertory plate collections Gift Day donations OtheT grants and donations Legacies Gift Aid 90.493 5,326 4.294 12.450 11,998 90.493 5,326 4.294 15,450 12,246 94.854 8,849 7,971 13.877 4,469 94,879 8,849 7,971 16.877 4,899 3,000 430 20.879 145,440 20,879 148,688 20,880 0,901 20.880 154,356 3.248 3,455 Charitable activit5es Wedding and funeral fees Chlldren's Ministry receipts Letting FYC Letting other Sundry activities reipts 1.087 557 21,466 9332 60 32.502 1.087 557 21.466 9,332 892 3.533 3.266 21.939 31.848 593 61,179 3.533 3.266 21,939 31,848 2,612 63,198 832 832 2.018 2.018 33,334 Other trading activities Fundraising events income Trading income Well coffee sales 564 396 960 388 3,087 3,476 388 3.087 3,476 396 Investments Bank and investment interest Rental income: 171 Mitcham Lane 210 26,4 26,610 210 26,4(KJ 26,610 363 25.319 25,683 363 25,319 25,683 othèr Sundry income Cost reimbursements 1.715 3.478 5,193 1.715 3.478 5,193 1.368 172 1.541 80 1,448 172 80 1,621 Total 210.705 214,785 242.782 5.553 24836
St. James Churth. West Streatham Notes to the Finanaal Statements Year ended 31 December 2020 Analysis of income and expenditure Note Restrirted Total 2020 Un Restricted Total 2019 Expenditure on charitable artivitie& Church adivitie5 Parish Support Fund contribution Activities and Catering Ministry support Upkeep of services Church and H311 utilities Church and H311 insurance Church maintenance, repairs, equipment Hall Maintenance and repairs 171 Mitcham Lane m3intÈnance & refurbishment Children's and Youth Ministry Costs of sales (Biblè notes ètcl Music, audio, video Fees paid to Diocese Farewell gifts 78,417 274 529 8,394 10.352 8.222 16,056 1.581 78.417 3.287 529 8.394 10.352 8,222 21.381 1.581 78,000 2.789 5,118 6,800 13,575 7,986 16,606 5.392 78,000 5.259 5,150 5,093 13.575 7,986 16,606 5,392 3.013 2,470 32 580 5,325 2.561 854 260 2.561 854 260 9,342 902 645 146.727 3.615 2,318 416 8.001 402 592 151,611 3,615 2,318 416 8,001 402 592 8,953 645 129,436 17,291 3.083 154,694 Salarles and support costs Staff salaries and support costs Employers National Insurance 45.313 45,313 42.941 42,941 45,313 45.313 42,941 42,941 Mana8ement and administration Office consumables & admin. costs Telephone and broadband Staff advertising Bank charges Independent Examination costs 1,528 1.528 1,285 357 309 881 1,2(Ll 4.034 1,285 357 309 881 1,200 4.Q34 706 1.200 4.424 706 1,21X) 4.424 Mission & other charitable givin8 Mission agenties FYC support Tithe on regular giving Other charitable giving io 3,000 23 3,000 22,262 12,161. 470 37.893 21,466 12,512 235 21.701 12,512 22,239 12.161 470 34.870 33.978 3,235 37,213 3.023 Total 213.ISI 20.526 233.677 2a3A58 6.106 239,564 io
St. Jame5 Churth. West Streatham Notes to the Finanual Statements Year ended 31 December 2020 Statement of Funds Fund Note Balance 01..20 Intome ExpendituTe Transfers Balancè 31.12.20 Unrestricted- General Fund li 78,738 187.967 193.579 8312 81.438 Designated Fund Building Children's Ministry Pastoral Care Siblev Audio & Video Friendship Circle Hall Trading BB- Company Fund Team Kingsley Famity Advent gift day 23,628 50 SS8 9.463 855 14214 297 603 8359 1.603 600 3.510 8.542 18.9531 63 9.191 5.050 649 165 629 629 9,478 19.4781 Designated funds total 34.987 21738 19,572 117,4851 20.668 Unrestricted & Designated Funds total its,n5 210.705 213.151 19.1731 102,106 Restritted Funds Crosslinks A Burt Hall Redevelopment Church Redevelopment Benevolent Fund Gift Day Tithe Prayer Facilitie5 Developrnerrt Legacy Youth Centre Church Day120191 Sound Syrian Familv Restrided fvnds total 1.563 5.105 5,325 220 26 3.577 114 3,577 114 235 832 235 3013 8.953 11.8821 8,953 13 4.080 13 3,411 10.683 20.526 9.173 Endowment Fund 171 Mitchèrn Lane 14 IIY).613 100,61a Total funds of the Church 225017 214.785 233,677 206.130 li
St. James Church. West Streatham Notes to the Finanaal Statements Year ended 31 December 2020 15. fixed Assets Curates House 171 Freehold land and buildings comprise the curate's house l¢xated at 171 Mitcham Lane. The property is held in trust for the PCC by a Southwark Disan trust. The gross book value I£100.6131 based on the value estimated by the PCC as at 1st January 1992 for insurance purposes (the current value for Insuran purposes is £237,369). No depreciation 15 provided. All other assets are written off in the year of purchase. 16. Trustees benefits and transact5ons No payments or benefit has been made to any member of the PCC or persons dosely connected with suth members, by St James or any closely related organisation except reimbursement of expenses incurred by the Rector and other members of the PCC 17. Employees The PCC employed three part time members of staff during the year. It a150 pays a contribution towards the employment of a Youth Minister employed by Furzedown Churches Limited. Wages paid during the year were £45,313 12019 £42,941). The salary of the Church Manager is determined by the PCC on an annual basis. The pay for the Church Cleaner is detemined by reference to the London VIng Wage. 18. Contingent liabilities and capitsl commitments There were no contingent liabilities or capital commitments at 31 December 2020. 12