The Parochlal Church Councll of the Ecclesiastlcal Parlsh of St James West Slreatham Southwark Charity No. 1133859 Annual Report and A¢¢ounts Year Ended 31st December 2023
Revd. Rob. Powpll Bardays Bank Pk W(mblEdon Business Centre 8&WeMandra Road Wimbledon LolOnsW19 7JZ CAF Bank Ltd 25 Kings HillAvenue Hill WEst Maifrr Kent ME19 4JQ Independent Exanmner.. Leroy Reid & Co Chartered aNI Certified coUntsnts 299 NOrthrough Road London SW16 4TR The (Irth 15 located at the comerof Mitcham Lane and Welham Road Streaiham LoThlon SW 16 6NT
Our Mission At St. James. All of Life for Christ Empowerin8 ordinary people to live extraordinary lives Enabling people to come to knowJe5U5 as Saviour nd Equipping people to live for Jesus as Lord
Contents: Page.. Trustees Report (Parochial Church Council) Trustees responsibilities Independent Examiners Report A¢¢ounts Statement of Financial Aclivities Balance Sheet Notes to the Accounts Accounting Policies Analysis of Income and Expenditure 9-10 Statement of Fund5 li Notes on Fixed Assets and Other Notes 12
Trustees Annual Report (Parochlal Churth Coundl) for the year ended 31st December 2023 The Trustees present theirannual reF>Qrt and accounts for the year ended 31st December 2023. The Parochial Church Coundl of the Ecclesiastical Parish of St James West Streatham Southwark is a registered Charity No. 1133859 ObJectives: St. Jame5, PCC has the responsibillty of co-operdting with the inojmbent, in promoting in the ecclesiastical parish the whole mission of the church, pastoral. evangelistic, social, and ecumenical. It also ha5 the maintenance responslbilities for the Churth Hall complex located In Welham Road and the Curate's house at 171 Mitcham Lane, Streatham. Parrfhial Church Council Members: Trustees IMember5 of the PCCI are elected by the Annual Parothial Church Meeting IAPCMI in accordance with the Churth Representation Rule5 InCIAInE co-opted and eX1ClO members. Ex Officio: Revd. Rob Powell Marcia Gordon John Talbot Nick Burt Ellzabeth Gibbons Glyni5 Wilkinson Mary Scarlett Alan Burrows Team Rector Churchwarden Churchwarden Di0san Synod 2021-2024 Deanery Syr¢od 2023-2026 Deanery Synod 2023-2026 i)eanery Synod 2023-2026 Deanery Synod 2023-2026 Chairman, Electoral Roll Officer Treasurer Elected MeTh: Heather Howard Peter Nelll Lisa Burrow5 David Kafuko Marlon Ganesh Adam Seymour-Davies Yvonne Mason Rocky Deans Sandra Lucas Sarah Veal Ailie Neill May 2023- May 2024 April 2021- April 2024 April 2021- Aprll 2024 May 2021-May 2024 May 2021- May 2024 May 2022- May 2025 May 2022- May 2025 May 2022-May 2025 May 2022- May 2025 May 2023- May 2026 May 2023- May 2026 Secretary Lay Chair Co.Opted Members Revd. Mark Pybus John Farebrother stant Minister SPA PCC Meetlngs: The PCC held 6 meetiw during the year. The averaEe attendarKe was 59.52% Ipreviously 74.99%}.
Commlttees: The PCC operates through several tssk groups, which have met between full meetings of the PCC, to whom they are responsible and to whom they report. Trustee (PCC Members) Report for the year ending 31st December 2023 Icontlnued) Church Attendance: The Church Electoral Roll records 167 (prevlously 167} persons as members of the Church, 113 of whom are not resident within the parish. The average Sunday attendance counted during Ortober was 59, and 70 watchlng online. Revlew of the year: The various actiwtygroups will hlghlighttheir activities durtng the year by giving reports at the APCM. The activlties of the parish insofar as they impinge upon the Statement of Financial Activities have been a5 follows.. l. The parish's contribution to the ntral fund of the Diocese of Southwark (the Par15h Support Fund) remains the prinupal item of expenditure at £83.5CX) for 20231£81,900- 20221 and ha5 been paid In full. 2. Voluntary contributlons from members of the congregation remain the principal source of income. Income from donations for unrestricted purposes including claimed Glft Aid amounted to £143.5571£126,063 - 20221. An Advent Thanksgiving Eift day Wd5 held with a Commitment that the first £3,000 of donation5 would be divided between two projects-jeel a Amal Boys Home & Co-Ed in Bethany, Palestine, and Furzedown Youth Centre. Total donations received were £17.821 including associated Gift Aid {£13,216- 20221. The PCC continues to entourage the congregation to give to the Church in a regular and committed way using one of the stewardship schemes. Tax efficient regular givlng to the General Fund amounted to £76,998 {£70,317 - 20221 and with other Gift Aided donauons, £21,214 {£19,191- 20221 was claimed in Gift Aid for unrestricted purposes. Other donations of £1,5701£1S30- 2022) incILed restricted donations for various areas of the Church'5 ministy and from Southwark DI0set0 assist with rlsing energy costs. The PCUS commitment to supporting all aspects of misslon resulted in £40.405 {£37.722- 20221 bein8 granted to several causes induding support for the Furzedown Youth Centre by the donation of the £24,510 for rent and irtility bills. A tlthe on income from giving of £11,9591£11,434- 2022) was split equally between two Misslon partner5 receiving a share wlth "Furzedown Youth Centre. receiving 113, and °Cros51inW receiving 213 in support of Alun and Debble Burvs ministry in South Africa. Total Income amounted to £231,2921£205,826- 20221 of which £3,341 was restricted1£3.130 2022}. Total expendlture amounted to £263,722 (£222,208 - 20221 of which £23.432 was expenditure on restrirted items1£3,143- 20221. 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 15 hoped that newcomers will soon become full and active members of our Electoral Roll. 3. The churches of the Funedown Team Ministry (St. James, St Ajban's and St. Pauls) continue to work closely together and with Mitcham Lane Bapt15t Churth, sharing a vision of mission in the community, e5peclally in the area of ministry to young people l)oth through Sundaygroups and through the work of the Furzedown Youth Centre.
- The Church continues its commitment to children and young peoples. mlni5try. A full-time Youth Outreach worker is jointly employed with 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. S. The Church continues its commitment to the Funedown Youth Centre and. in partnership4 work to improve the facilities of both the upper and lower halls continues to be the Eoal of the Community Centre Management Committee. The Church views FYC as a major resource for the young people in the surrounding community.
- During the year the Church continued to consider the use of its buildings and p0$5ible developments that might be undertaken to further the missior) of the Church in the future. A small working group under the Building for the Kingdom Project has been working on developing proposals and has fed back to the PCC and church members for further inrmjt during the year. Financial RevFew The parish's financial position has seen a net income of -£32,431 which is a loss on 2022's net of income of-£16,381. This was largely due to the following.. l. A fall in donations
- Increased energy charges
- Cost of living crisis.
- Electrical woths of £19.372. This was covered by a drawdown of funds from CBF account. and an £8,0(K) loan from the Dh)cese. which is interest free. and paid over 5 years. Due to the deficit seon in 2023 and predicted for 2024. The PCC proSed a Finance Working Group be formed with the purpose of investigating ways to generate income and reduce expenditure and have been in discussions with the Diocese for advice. Reserves Poiicy The PCC is committèd to increasFng this reserve by a transfer of £3,(KX) from the General Fund each vear when surplus funds are available. The balance on the General Reserves at the enil of the year was £36.587. a decrease of £24.055 from the start of the year. This 15 lower than the agreed policy of holding reseNes equal to three months, unrestricteil expenditure - circa £60,073 at December 2023. Meanwhile designated funds of £5,601 are also available and coukl be undesignated the PCC if required. Publlc Benefit Statemenl The PCC has considered the Charity Cofflmission's guidance on public benefit. They try to enable all people to live out their fatth as part of our parish community through worship and prayer; learning about the Gospel,. developing their knowledge and trust injesus; provision for pastoral care for people living in the parish,. serving those in need- and missionary and outreach work. Reportlng Accountants Messrs Leroy Reid & Co. Have indicated their willingne55 to serve as the examiners and a resolution re-appointing them will be proposed at the annual general meeting. Signed.. Revd. Rob Powell Chair Secretary Date- Date: iÉIBI•
ststement of PCC Member5, Responsibilities. The law requires PCC members to prepare financial 5tatement5 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 judgement5 and estimate5 that are reasonable and prudent. 3. State whether applicable accounting standards and statements of recommended practices have been followed, subject to any departures disclosed and explained in the financial statements. 4. Prepare the financial statements on a going concem 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 records. for safeguarding the assets of the organisation and fortakirTrg reasonable Steps for the prevention and detection of fraud and other irregularities should they exist. y order of the Board Revd. Rob Powell Chairman Date..
Independent Emamlner's Report To the PCC of SL James, West streatham We report on the accounts of the PCC for the year ended 31st December 2023, which are set out on pages 6 to 12. Respectlve responslNlltles of tThteeS and &xaminer As the charitW5 trustees you are responsible for the preparation of the accounts. You also consider that the audit requirèment of section 144121 of the Charities Act 2011 (the 2011 Act} does not apply and that an independent examination is needed. Having satisfied ourselves that the charity is not subjert to an audit and is eligible for independent examination, it is our responsibility to: examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the gener31 Direction5 given by the Charity Commission under section 14515llbl of the 2011 Act,. and to state whether particular matters have come to our attention. Basls of Independent Examiner's report Our examination was carried out in accordance with the General Directions given 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 disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and Consequent no opinion is given as to whether the accounts present a 'true and fair vlew, and the report Is limited to those matters t out in the statement below. Independent Examiner's statement In conneclion with our examination, no matter has come to our attention.. 111 which gives us reasonable cause to believe that in any material respect the requirements . to keep accounting records in accordance with section 130 of the 2011 Act.. and to prepa 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 understandinE 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 Activities For the year ended 31 December 2023 Note Unrestrkted Re$Cted Endowrnent Total 2022 Income and en(fowments from: Donations and legacies Charitable activitie5 Othertrading attivitie5 Investments Other Total 143.557 53.277 2,206 28.609 302 227.951 3.341 146,898 53,277 2,206 28,609 302 231,292 129.193 46.725 2540 27,079 289 205,826 3341 Expenditure on charitable artlvlttes: Churth attivilies Sa12ries and supFN)rt costs Managetnent and admininstration Mission giving and charitable donation5 Total 151.691 47,968 3.415 37.217 240291 20,244 171,935 47.968 3,415 40.405 263.723 134,258 46,810 3.418 37,722 222.208 io 3.188 23.432 Net incomelleypenditurel 112J40} 120,0911 13Z.4311 116.381) Transfers between funds 119,3681 19.368 Net movement In funds (31.7081 1723} 132A311 116.3811 Reconclliatlon of funds.. Total lund5 bioughi forward Total funds carrled fon¥ard 7396 42,188 9905 9,183 XOOffi13 ILNJ,613 184,414 151,9B4 184.414 152,041
St. James West Streatham Balance Sheet A5 at 31 Detember 2023 2023 2022 Flxed assets Curates House 171 Mitcham Lane 15 100.613 IIX).613 100.613 100.613 Cwrrent assets Cash at bank and in hand Investments Sundry debtors Prepayments 47.557 85,315 8.659 2,933 2,687 99,594 15.265 3.154 65.976 Llabllrtle5 Accrual Independent Examination Creditor HMRC PAYE & NI Olher sundry cdItOrS and accruals Diocese Loan15 year51 1.2(X) 1.238 4.434 7.733 14.605 1,200 I,oii 13.582 15.793 Net current asset5 51.371 83AOI Net ass 151,984 184.414 Represented bv: Unrestricted funds Designated funds Restricted funds Endowment fund5 li 12 13 14 36,587 5.601 9,183 100.613 151,984 60.641 13.255 9,905 100.613 184,414 $18ned: Revd. Robert Powell.. Charrman Alan Burrows.. Treasurer
St. Jarnes West Streatham Notes to the Financial Statements Year ended 31st December 2023 l. A¢¢ountln8 Poll¢le5 al Basis of preparatlon olaccounts The financial statetnents have been prepared under Church Attountin8 Regulations 2(M)6 in accordancewith ihe Financial Reporling standard applicable in the UK and Republic of Ireland (FR5 1021. The Charity 15 a public beneflt entity for the purposes of FRS 102 and therefore the Charity has also prepared its financial statement5 in accordance wth the Statement of Recommended Praclice applicèble to tharities preparing their accounts in accordance with the FinaTrcial ReportinB Standard applicable in the UK and Republic of Ireland IThe FRS 102 Charities 50RPI and the Charities Act 2011. The trustees have assessed whether the use of thegoingcoficern basis is appropriate and have considered possible events or conditions that might cast SlEnificanr doubr on the abilily of the charity lo continue as a going concern. The tiustees have made this assessmenr for a pericMI of at least one year from the date of appro1 of the financial ststements. In particular the trustee5 have considered the charivs lore(asts and projettions and have taken account of pressures on donations and rental income. Altw making enquiries the trustees have concluded that there is a reasonable expectatiofi that the chartty has adequate resources io continue in operational exrstence for the foreseeable future. The charity group therefore continues to adopt the g(xng concern basis in preparin8 Its financial staiements. bl Fund Accountlng Unrestrictedfunds are awdilable lor use al the discretion of the PCC in furtherance of the general objectives of the church. Re5trictedfunds are Subjected to restrictions on their expendituie imposed by the donor or through the terms of an appeal. cl Income All income is included in the slatement of finanoal actNlties when there is entitlemenl to the income, the receipt is probaèly, and the amount can be measured reliably. le83cies are reco8nised following probate and Dnce there is sufficient ewdence that roceipt is probable, and the amount ol the legacy CeiVable can be fflea5ured reliability. whe entitlement to a Ip8a(v exit but Ihere is uncertainty a5 to its receipt or the am(yJnt receivable. details are disc105ed as a contlll8ent asset until the criteria for Income recognitlon are met. dl Expendllure Liabilities are recogni5ed once there 15 a legal orconslructive obligatlDn to transfereconomic benefit to third party, it is probable that a transfer of e(onomic benefTts will be required in settlernent and the amountof the obligation can be measured reliably. All expenditureis accounted for on an aru315 basi5 and has been cla55ilied under headings that aggregate all costs related to the category. ChoiFtoble tsttivities comprise those cost5 incurred by the church Ffb the delivery of its actMtie5 and services for ils beneficiaries. It includes both costs that can be allocated dirertly lo such activitie5 and those costs of arl indirect nature necessary to support them. e) Crltlcal accounti estimate5 and area5 oljudgemeTht In the view of the trus¢ees in applying the accounting policies adopted. no jud8ements were required that have a significant effect on the amounts recoÉnised In the linancial statements nor do any estimates or assumpttons made carry a sienifrcant risk of material adjustment in the next financlal year.
St. James Church, West Streath3rn Notes to the Financial Slatements Year ended 31 December 2023 Analysis of Income and expenditure Total 2023 Un- re5trlrted Restrlcted Total 2022 res¢ri¢ted Incomeand endowments from- Donatlons and legacie5 Regular tax efficient giving Other regular giving Ollertory pla¢e collections Gift Day donations Other grants an(1 donalions Le8aaes GiftAid 76,998 16.114 13.181 14,821 1.229 76,998 16,114 13.181 17.821 1,570 70,317 18.286 6.653 10,216 1.400 70.317 18.286 6,653 13,216 1.530 3.000 130 341 21.214 143.557 21,214 146.898 19,191 126,063 19,191 129,193 3,341 3.130 Charitable adlvlties Wedding and funeral fees Children's Mrnistry receipts Letting FYC Lettin8 Other Sundry activities receipts 1.094 2,067 22,549 20.915 loo 46.725 1,094 2,067 22,549 20.915 ILX) 46,72S 2.805 24,322 23.4 1.762 53.277 2,805 24.322 23,4( 1.762 53.277 Other trading a¢tlvitie5 Fundraising events income Trading income Well coffee Sales 205 2.(K>l 2.206 205 2.001 2,206 220 2,320 2.540 220 2,320 1540 Investments Bank and investment interest Rental incorne.. 171 Mitcham Lane 7LK* 27.909 28.6C8 7CX) 27,9 28.609 312 26,767 27.079 312 26.767 27.079 Other Sundry income Cost reimbursements 302 302 289 289 302 302 289 289 Total 227,951 3J41 231,292 202.696 3,130 205.826
St. James Church. West Streatham Notes to the Financlal Statements Year ended 31 December 2023 Analysis of income and expenditure Note Un- restricted Restricted Totsl 2023 Restricted Total 2022 restricted Expendlture on charFtable activities: Church actlvltles Parish Support Fund contributio Activities and Catering Ministry suppoit Upkeep Of serY4ces Church and Hall utilitie5 Church and Hall insurance Church maintenance. repairs. equipment Church Project & Electrical Work5 H311 maintenance and repairs 171 Mitcham Lane Maintenance & refurblshment Children'5 and Youth Ministry Costs of sales (Bible notes etcl Music. audio, video Fees paid to Diocese Fa¥ewell gifts 83,5 2,973 535 6.859 25.857 8,534 13.437 1.626 1.276 3,522 83,5] 3,708 535 6,885 25,857 8.534 13.437 20,999 1.276 3.521 81. 1.130 230 7.760 15,938 8.163 20,222 81,900 1,130 230 7.760 15,938 8.163 735 25 9,379 19.373 3,385 2,952 3,385 2.952 2.228 2.228 148 117 1.311 393 407 694 616 134.258 1.311 393 407 694 616 134,258 iii 151.691 20,244 171.935 Salarles and support costs Staff salaries and support Costs Employers National Insurance 47,968 47.968 46.810 46.810 47.968 47.968 46.810 46,810 Management and admlnlstratlon Ollice consumables & admin. c05t5 Telephone and broadband Staff advertising Bank & Card charges Independent Examinotion costs 1,019 425 1,019 425 i.iio 404 i.iio 404 771 1.21M) 3,415 704 704 1,200 3.418 1.211) 3,415 1,2LK 3,418 Mlsslon & other ¢harltable zlving Mission agencies FYC support Tithe on regular giwng other charitable giving io 3.013 130 3,013 23.275 11,434 24.322 11,959 936 37,217 24.510 11,959 936 40.405 23,145 11,434 3,188 34,579 3,143 37,722 Total 240,291 23.432 263.723 219.[5 3,143 222,208 io
St. Jame5 Chur(h. West Streatham Notes to the Flnancial Statements Year ended 31 December 2023 Statement of Funds Fund Note Balance OLOI.23 kncome Expendlturo Transfers Balance 31.12.23 Unrestrlcted- G•ntral Fwid li 187,511 214679 3,112 36,586 DeslgnatÈd Fund Building Chlldien's Ministry Pastoral Care 5ibley Audlo & Video Friendship circle Hall Trading 8B- Company Fund Team Kingsley Family Advent gift dav 1.571 7,454 2,135 956 r7631 20 623 5012 265 2065 1,427 14.125 3,849 16.7391 165 629 165 471 11571 14.821 114.8211 DeS1ted fvnds tolal 12 13.253 25fi12 IU4801 5,601 Unrestrirted & D8sl#nated Funds lotal 73W6 227.951 240291 I68) 41245 Restrlct•d FUMIS Crosslinks A Burt Hall Redevelopment Church Redevelopment Electrical Works Benevolent Fund Gift Day Tithe Prayer Facilities Development Legacy Youth Centre Youth Evangelism Church Oay120191 Ashburriham Support Sound Syrian Family 19.372 26 19,372 877 114 iio 350 153 4,043 675 675 Restrieted funds t4)tal 9M15 3B41 23.432 19368 9,183 Endowment Fund 171 Mitcham Lane 14 IOQ,613 Total funds of the Churth 184A14 23L292 163.7Z3 151,984 li
St. James Churth. West Str&itham Notes to the Flnandal Statements Year ended 31 December 2023 IS. Flxed Ass•ts Curntes House 171 Freehold land and buildlngs comprfse the curate's house Iated at 171 MWiam Lane. The property is held in trust for the PCC by a Southwark Diocesan tfust The gro55 book Wdlue i£irJ),6131 is bèsÈd on the value estSmated by the PCC as at 1st january 1992 for Insuran pvrposes (the current value for Insuran purposes is £237,369). No depreciation 15 provlded. All other asset5 are written off in the yearof purchase. 16. Trustees b•néfrts and iransacllons No payments or benefit has been made to any member of the Pccor per%)ns dosely tonneded wlth such members. by Stjames or any dosely related organisation exe¢pt relmbursement of expenses It)¢urred by the Rertor and other members of the PCQ 17. Employe4s The PCC employed three part time members of staff dvring thèyear. Wages paid durlng theyear were È47,%8 12022 £46,810). The salary of the Church Manaeer Is determined by the PCC on an annual basis. The payfor the Church Cleaner and Children's worker is determined by reference to the London Living Wage. l& Contlngent liabllltles and capltal commltments There were no tontinEent liabllitres or capltal commitineiits at 31 December 2023. 12