The Parochlal Church Councll of the Eccle51astlcal Par15h of St James
West Streatham Southwark
Charlty No. 1133859
Annual Report and Accounts
Year Ended 31st December 2024

Incumbent:
Re¥d. Rob. Powell
Bank:
Barclays Bank PIC
Wimbledon Business Cent
8 Alexandra Road
Wimbledon
London SW19 7JZ
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malllng
Kent ME19 4JQ
Independert ExamlTrer:
Leroy Reid & Co
Chartered and Certrfied Accountants
299 Northborough Road
Norbury
London SW16 4TR
Lootlon:
The Church is kKated at the corner of
Mltcham Lane and Welham Road
Streatham
London SW 16 6

Our Mlsslon
At
St. James.
All of Life for Christ
Empowering
ordinary people to live extraordinary live5
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 {ParochFal Church Council
for the year ended 31st December 2024
The Trustees present their annual report and accounts for the year ended 31st December 2024.
The Parochial Church Council of the Ecclesiastical Parish of Stjames West Streatham Southwark 15
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 Curate's house at 171 Mitcham Lane, Streatham.
Parochial Church Council Members:
Trustees (Members of the PCC) are elected by the Annual Parochial Church Meeting (APCM) in
accordance with the Church Representation Rules including co-opted and ex-officio members.
Ex Officio:
Revd. Rob Powell
Kirk Douglas
John Talbot
Nick Burt
Glynis Wi5kinson
Mary Scarlett
Yvonne Mason
Alan Burrows
Team Rector
Churchwarden
Churchwarden
Diocesan Synod 2021-2024
Deanery Synod 2023-2026
Deanery Synod 2023-2026
Deanery Synod 2023- 2026
Deanery Synod 2023-2026
Chairman,
Electoral Roll Officer
Treasurer
Elected Members:
Adam Seymour-Davies
Rocky Deans
Sandra Lucas
Sarah Veal
Elizabeth Gibbons
Ailie Neill
Heather Howard
David Kafuko
Kevin Everden
May 2022 - May 2025
May 2022- May 2025
May 2022- May 2025
May 2023- May 2026
May 2023 - May 2026
May 2023- May 2026
May 2024- May 2027
May 2024- May 2027
May 2024- May 2027
Lay Chair
Secretary
Co-opted Members
Revd. Mark Pybus
John Farebrother
Assistant Minister
SPA
PCC Meetings:
The PCC held 6 meetings during the year. The average attendance was 65.96% (previously 59.52%>.

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 (PCC Members) Report for the year ending 31st December 2024 (continued)
Church Attendance:
The Church Electoral Roll records 169 (previously 1671 persons as members of the Church, 113 of
whom are not resident within the parish.
The avera8e Sunday attendance counted during October was 97
Review of the year.
The various activity groups will highlight their activities during the year by giving reports at the APCM.
The activities of the parish insofar as they impinge upon the Statement of Financial Attivities have
been as follow5:
l. The parish's contribution to the central fund of the Diocese of Southwark (the Parish Support
Fund) remain5 the principal item of expenditure at £86.3CK) for 2024 (£83,5(K1- 2023) 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
£138,3781£143,557 - 2023}. An Advent Thanksgiving gift day was held with a commitment
that the first £3,000 of donations would be divided between two projects - Musalaha+ in
Jerusalem, and Furzedown Youth Centre. Total donations received were £26,829 including
associated Gift Aid1£17,821- 2023).
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 £74,617 (£76,998 - 2023) and with other Gift Aided donations,
£20,1911£21,214- 20231 was claimed in Gift Aid for unrestricted purposes.
Other donations of £1531£1,570- 20231 included restricted donations forvarious areas of the
Church's ministry. The PCC'S commitment to supporting all aspects of mission resulted in
£37,2341£40,405-20231 being granted to several causes including sUPPOrt forthe Furzedown
Youth Centre by the donation of the £23,634 for rent and utility bills. A tithe on income from
giving of £10,6001£11,959- 2023} was split equally between two Mission partners receiving
a share with -Furzedown Youth Centfe" receiving 113, and "Crosslinks" receiving 2/3 in
support of Alun and Debbie Burf5 ministry in South Africa.
Total income amounted to £231,6821£231,292 - 2023) of which £3,153 was restricted1£3,341
20231. Total expenditure amounted to £219,218 {£263,722 - 2023} of which £3,342 was
expenditure on restricted items {£23,432- 20231.
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. Jame5, St Alban's 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 Sundaygroups
and through the work of the Furzedown Youth Centre.

4. The Church continues its commitment to children and young peoples, ministry. 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.
5. The Church continues its commitment to the Furzedown 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 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 possible
developments that might be undertaken to further the mission 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 input
during the year.
Financial Review
The parish's financial position has seen a net income of £9,124 which is a gain on 2023,5 net of income
of -£32,431. This was largely due to the following:
l. A rise in lettings
2. lower energy charges
3. lower staff costs.
The PCC continues to work with the Finance Working Group which was formed with the purpose of
investigating ways to generate income and reduce expenditure and continuing its di5CU55ions with the
Diocese for advice.
Reserves Pollcy
The PCC is committed to increasing this reserve by a transfer of £3,000 from the General Fund each
year when surplus funds are available.
The balance on the General Resenies at the end of the year was £43,567, an increase of £6,980 from
the start of the year. This is lower than the agreed policy of holding resen4es equal to three months,
unrestricted expenditure - circa £54,807 at December 2024. Meanwhile designated funds of £7,931
are also available and could be undesignated by the PCC if required.
Public Benefit Statement
The PCC has considered the Charity Commission's guidance on public 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; senling those in need; and missionary and outreach work.
Reporting Accountants
Messrs Leroy Reid & Co. Have indicated their willingness 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: 20 i 0312 5

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 recommended practices 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 records, 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
Chaimian

Independent Examiner's Report
To the PCC of St. James, West Streatham
We report on the accounts of the PCC for the year ended 31st December 2024, which are set out on
pages 6 to 12.
RespectSve responslbllltles of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts. You also consider
that the audit requirement of section 144(21 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 subject 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 general Directions given by the Charity
Commission under section 14515)(bl of the 2011 Art; and
to state whether particular matters have come to our attention.
Basls of Independent Examlner's report
Our examination was carried out in accordance with the General Directions given by the Charlty
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
matter5. The procedures undertaken do not provide all the evidence that would be required in an
audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view,
and the report is limited to those matters set out in the statement below.
Independent Examlner's ststement
In connection with our examination, no matter has come to our attention:
(11 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 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.
{2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
l￿p(
Leroy Reid & Co.
Chartered Certified Accountants & Registered Auditors
299 Northborough Road,
Norbury,
London, SW16 4TR.
Date:

St. James West Streatham
Statement of Financial Artivities
For the year ended 31 December 2024
Note
Unrestrlcted
Restrlcted
Endowment
Total
2023
Income and endowments from:
Donations and legacies
Charitable adivities
Other trading activities
Investments
Other
Total
138,378
56,816
2,406
30,751
178
228,529
3,153
141.531
56,816
2.406
30,751
178
231,682
146.898
S3,277
2,206
28,609
302
231,292
3.153
Expendlture on charltable a¢tlvltles:
Church activities
Salaries and support costs
Management and admininstration
Mission giving and charitable donations
Total
140,S34
40,720
3,731
34,234
219,218
342
140,876
40,720
3.731
37,234
222.560
171,935
47,968
3,415
40,405
263,723
io
3,000
3.342
Net Incomellexpendlture)
9,311
11891
9,124
(32,431)
Transfers between funds
Net movement In funds
9,313
11891
9,124
132,431)
Recon¢lllatlon of funds:
Total funds brought forward
Total funds carrled forward
42,187
51,498
9,183
8,995
100.613
100,613
151,984
161,106
151.984
151,984

St. James West Streatham
Balance Sheet
As at 31 De￿rnber 2024
Note
2024
2023
Flxed assets
Curates House 171 Mitcham Lane
15
100,613
100,613
100,613
100,613
Current assets
Cash at bank and in hand
Investments
Sundry debtors
Prepayments
60,049
47,557
10,861
2,468
73.378
15.265
3,154
65,976
Llabllitles
Accrual Independent Examination
Creditor HMRC PAYE & NI
Other sundry creditors and accruals
Diocese Loan {5 years)
1,200
137
5,415
6,133
12,885
1.2CXJ
1.238
4,434
7,733
14,605
Net current a55ets
60.493
51.371
Net assets
161,106
151,984
Represented by:
Unrestricted funds
Designated funds
Restricted funds
Endowment funds
li
12
13
14
43.567
7.931
8,995
ILM),613
161,106
36,587
5.601
9,183
100,613
151.984
Signed:
Revd. Robert Powell:
Chalrman
Alan Burrows: Treasurer

St. James West Streatham
Notes to the Finanaal Statements
Year ended 31st December 2024
l. Accountlng Pollcles
al Basls of preparation of accounts
The financial statements have been prepared under Church Accounting Regulations 2006 in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Charity is a public
benefit entity for the purposes of FRS 102 and therefore the Charity has also prepared its financial statements
in accordance with the Statement of Recommended Practice applicable to charities preparin8 their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102
Charities SORP) and the Charities Act 2011.
The tru5tee5 have assessed whether the use ofthe going concern basis is appropriate and have considered possible
events or conditions that might cast significant doubt on the ability of the charity to continue as a goin8 concern.
The trustees have made this assessment for a period of at least one year from the date ofapproval of the financial
statements. In particular the trustees have considered the charivs forecasts and projections and have taken
account of pressures on donations and rental income. After makin8 enquiries the trustees have concluded that
there is a reasonable expectation that the charity has adequate resources to continue in operational existence for
the foreseeable future. The charity group therefore continues to adopt the going concern basls in preparing Its
financial statements.
bl Fund Accountln8
Unrestrictedfund5 are available for use at the discretion of the PCC in furtherance of the 8eneral objectives of
the church.
Restrictedfund5 are subjected to restrirtions on their expenditure imposed by the donor or throu8h the terms
of an appeal.
c) Income
All income is included in the statement of financial 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 once there is sufficient evidence that receipt is probable, and
the amount of the legacy receivable can be measured reliability. Where entitlement to a legacy exit but there
is uncertainty as to its receipt or the amount receivable, details are disclosed as a contingent asset until the
criteria for income reco8nition are met.
d) Expendlture
Liabilities are recognised once there is a legal or constructive obli8ation to transfer economic benefit to
a third party, it 15 probable that a transfer of economic benefits will be required in settlement and the
amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis
and ha5 been classified under headin8S that aggregate all costs related to the category.
Charitable octivitie5 comprise those costs incurred by the church in the delivery of its activities and senrfices for
its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
e) Crltlcal accountln8 estlmates and areas of Judgement
In the view of the trustees in applying the accountin8 policies adopted, no judgements were required that
have a significant effect on the amounts reco8nised in the financial statements nor do any estimates or
assumptions made carry a Si8nificant risk of material adjustment in the next financial year.

St. Jarnes Church, West Streatham
Notes to the Finanaal Statements
Year ended 31 December 2024
Analysis of Income and expenditure
Note
Un-
restrlcted
Restrlcted
Total
2024
Restrlcted
Total
2023
restrfcted
Income and endowments from:
Donatlons and legacles
Regular tax efficient giving
Other regular 8ivin8
Offertory plate collections
Gift Day donations
Other grants and donations
Legacies
Gift Aid
74,617
74.617
8.800
10.941
26.829
153
76,998
16.114
13.181
14,821
1,229
76,998
16,114
13,181
17.821
1,570
10,941
23,829
153
341
20.191
138,378
20,191
141.531
21,214
143,557
21,214
146,898
3.153
3,341
Charltable actlvltles
Weddin8 and funeral fees
Children's Ministry receipts
Letting FYC
Letting Other
Sundry activities recelpts
343
2.586
23,634
26.197
4.057
56,816
343
2.586
23,634
26.197
4,057
56,816
988
2,805
24.322
23,400
1,762
53.277
988
2,805
24,322
23,400
1,762
53,277
Other tradlng actlvltles
Fundraising events income
Trading Income
Well coffee sales
133
2.273
2.406
133
2.273
2.406
205
2,001
2,206
205
2.001
2,206
Investments
Bank and investment interest
Rental income.. 171 Mitcham Lane
678
30,073
30.751
678
30.073
30,751
7W
27,909
28,609
700
27,909
28,609
Other
Sundry income
Cost reimbursements
178
178
302
302
178
178
302
302
Total
228,529
3,153
231,682
227,951
3,341
231,292

St. Jarnes Church. West Streatham
Notes to the Financial Statements
Year ended 31 December 2024
Analysis of income and expenditure
Note
Un-
restrirted
Restrlcted
Total
2024
Un-
restricted
Restrfcted
Total
2023
Expendlture on charltsble
actlvlties:
Church actlvltles
Parish Support Fund contribution
Activities and Catering
Ministry support
Upkeep of services
Church and Hall utilities
Church and Hall insurance
Church maintenance, repairs, equipment
Church Projett & Electrical Works
Hall maintenance and repair5
171 Mitcham Lane maintenance &
refurbishment
Children's and Youth Ministry
Costs of sales (Bible notes etcl
Music, audio, video
Fees paid to Diocese
Farewell gifts
86,3CK)
2,807
392
10,1
18,359
9.317
5.045
86.300
2,807
392
10.100
18.359
9,317
5,045
83.5rJ)
2,973
535
6.859
25.857
8,534
13,437
1.626
1.276
3,522
83.500
3,708
535
6,885
25,857
8,534
13.437
20,999
1.276
3,522
735
25
19,373
2.033
3.564
342
2.375
3.564
1.535
195
31
158
698
140,534
1.535
195
31
158
698
140.876
2.228
2,228
148
117
805
384
171.935
iii
805
384
151,691
342
20.244
Salarles and sUPPOrt tosts
Staff salaries and support costs
Employers National Insurance
40,720
40,720
47,968
47.968
40.720
40.720
47.968
47,968
Management and administratlon
Office consumables & admin. costs
Telephone and broadband
Staff advertising
Bank & Card charge5
Independent Examination costs
1,330
1,330
1,019
425
1.019
425
716
1.200
3,730
716
1,200
3,730
771
1.200
3,415
771
1,200
3.415
Mission & other charitable givin8
Mission agencies
FYC support
Tithe on regular giving
Other charitable giving
io
3,000
24,510
11,959
936
40,405
23,634
10,600
23,634
10,6iJ)
24,322
11.959
936
37.217
188
34,234
37,234
3,188
Total
219,218
3,342
222.560
240,291
23,432
263,723
io

St. James Church, West Streatham
Notes to the Flnanclal Statements
Year ended 31 December 2024
Statement of Funds
Fund
Note
Balance
01.01.24
Income
Expendlture
Transfers
Balance
31.12.24
Unrestrlcted - General Fund
li
36,587
174,761
204,170
36,389
43,567
Deslgnated Fund
Building
Children's Ministry
Pastoral Care
5ibley
Audio & Video
Friendship Circle
Hall Trading
BB- Company Fund
Team
Kin8sley Family
Events - Special Events
Advent gift day
956
956
2,586
1,617
19691
623
623
3,850
1,484
23,532
628
11,941
4,705
111,5911
165
165
2,337
23,829
862
IA75
123,8291
Desl8nated funds total
12
5,601
53,768
15.048
136,3891
7,931
Unrestrlcted & Deslgnated
Funds total
42,188
228.529
219.218
51,501
Restrlcted Funds
Cr0551inks A Burt
Hall Redevelopment
Church Redevelopment
Electrical Works
Benevolent Fund
Gift Day Tithe
Prayer Facillties Development
Legacy
Youth Centre
Youth Evangelism
Church Day120191
Ashburnham Support
Sound
Syrian Family
1,563
342
1,221
3,000
3.000
3,577
3,577
153
153
Restrlcted funds total
13
9,183
3.153
3,342
8.995
Endowment Fund
171 Mitcham Lane
14
100.613
100,613
Total funds of the Church
151,984
231,682
222,560
161,106
li

St. James Church, West Streatham
Notes to the Flnanclal Statements
Year ended 31 December 2024
15. Flxed Assets
Curates House 171
Freehold land and buildings comprlse the curate's house located at 171 Mitcham Lane. The property is held in
trust for the PCC by a Southwark Diocesan trust.
The gr055 book value I£100,6131 is based on the value estimated by the PCC as at 1st January 1992 for
insurance purposes (the current value for Insurance purposes Is £237,369). No depreclatlon is provided.
All other assets are written off In the year of purchase.
16. Trustees beneflts and transactlons
No payments or benefit has been made to any member of the PCC or persons closely connected with such
members. by St Jame5 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. Wages paid during the year were £40,720
12023 £47,968). The pay for all part time staff is determined by reference to the London Living Wage.
18. Contlngent Ilabilltles and capltal commltments
There were no contlngent Ilabilities or capltal commitments at 31 December 2024.
12