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
Lo￿lOnsW19 7JZ
CAF Bank Ltd
25 Kings HillAvenue
Hill
WEst Maifrr
Kent ME19 4JQ
Independent Exanmner..
Leroy Reid & Co
Chartered aNI Certified ￿coUntsnts
299 NOrth￿rough Road
London SW16 4TR
The (I￿rth 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 InCI￿AInE co-opted and eX￿￿1ClO members.
Ex Officio:
Revd. Rob Powell
Marcia Gordon
John Talbot
Nick Burt
Ellzabeth Gibbons
Glyni5 Wilkinson
Mary Scarlett
Alan Burrows
Team Rector
Churchwarden
Churchwarden
Di0￿san 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) incIL￿ed restricted donations for various areas of
the Church'5 ministy and from Southwark DI0￿set0 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.

4. 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.
6. 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
2. Increased energy charges
3. Cost of living crisis.
4. 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 pro￿Sed 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 tTh￿teeS 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
73￿96
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 c￿dItOrS 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 appro￿1 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 a￿ru315 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
20￿65
1,427
14.125
3,849
16.7391
165
629
165
471
11571
14.821
114.8211
DeS1￿￿ted fvnds tolal
12
13.253
25fi12
IU4801
5,601
Unrestrirted & D8sl#nated
Funds lotal
73W6
227.951
240291
I￿￿68)
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
8￿77
114
iio
3￿50
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 I￿ated 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