## Parish Church of St James with St Matthew St James’s Lane Muswell Hill London N10 3DB Reg. charity 1134716 Annual Report and Financial Statements for the year ended 31 December 2021 Incumbent: The Reverend Chris Green Statutory auditors: Lakin Rose Limited Chartered Accountants Cambridge CB24 9NL Bankers: HSBC Bank plc Muswell Hill London N10 3RX Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 |Pages|Statement|Description| |---|---|---| |3 - 13|Annual Report|Describes the activities of the PCC
and related committees with
particular attention to the financial
activities of the Parish.| |14|Summary of a PCC’s Financial
Responsibilities|This summarises the financial
responsibilities of Parochial Church
Councils.| |15 - 18|Independent Auditors’ Report|Where the auditors give their opinion
on these financial statements; in
particular, whether they comply with
the various accounting rules and
regulations applicable to the Parish.| |19|Statement of Financial Activities for 2021|This summarises the income and
expenditure of the Parish, across all
its funds,for theyear 2021.| |20|Balance Sheet as at 31 December 2021|This sets out the Parish’s various
assets and liabilities at that date.| |21|Cash flow statement for 2021|This summarises the cash flow
generated and utilised by various
activities duringtheperiod.| |22 - 27|Notes to the Financial Statements|These provide additional detail on key
elements of the Statement of
Financial Activities and Balance Sheet.| 2 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## **Background** The PCC of St James with St Matthew has the responsibility, together with the Incumbent, for promoting the whole mission of the Church of England in its local parish. This responsibility covers evangelistic, pastoral, social and ecumenical matters. It also has maintenance responsibilities for the Church building, Parish Centre, Birchwood Centre and the houses occupied by clergy and staff. The PCC is pleased to present its report for 2021. As a church, we have continued to be affected by COVID-19 and the restrictions in place, but staff and volunteers have been resourceful in accommodating these, and we are grateful to God for his abundant provision. It has been a delight to be able to bring back ministry events as restrictions lifted, and to have church family members return to church. Our popular livestream service has continued, and we have been careful to allow space in the building for those who prefer to social distance. Set out below are a few highlights from the past year, which are expanded in the rest of this report. ## New Initiatives A growing concern about climate change, and interest in ecological issues, led to the formation of a group called EcoStJames. This was initiated by Phil Mullins. The team, which reports to the PCC, conducted a survey and began to look at ways in which the church could be more eco-friendly, such as including a green top tip in the church family newsletter and encouraging members to bring reusable cups for refreshments. Our bookshop re-opened in 2021 under new management and provides a valuable source of Christian books and cards as well as offering a welcoming ‘face’ to visitors during the week as well as on Sundays. ## Preaching Our year started with a study of 2 Peter, under the title ‘Great and Precious Promises’. This led into a Lent series called ‘He Restores my Soul’, where we discovered how our Lord restores us when we are lonely, tired, drifting, empty or bored, taking one of these subjects each Sunday in the run up to Easter. At our Easter All-Age service, the title was ‘Jesus Wipes away Death’, which was followed by ‘Jesus Wipes away Doubt’ and ‘Jesus Wipes away Regret.’ On 11 April, we held a service to mark the death of HRH Prince Philip. The Spring Term saw a study in Mark’s gospel, ‘With New Eyes: what if everything could be better than you imagine?’ And, in May and June, preaching centred on prayer and specifically praise, confession, supplication and thanks to God. In the Summer, we looked at the book of 2 Timothy. Autumn began with a new series entitled ‘The Paradise Project’ in which the book of Genesis informed preaching on creation; goodness, order and beauty; the image of God; love and marriage; rebellion; rescue. The theme was captured, too, by a Tearfund presentation on climate change on 10 October, followed by a guest event in which Dr Richard Buggs addressed the question ‘Can a Christian be a Scientist?’ Sunday 21 November was World Mission Sunday, and we welcomed one of our mission partners, J P Aranzulla who preached online from Forte Torre, the church he leads in Bologna, Italy. In November and December, the sermon series was entitled ‘Finding Hope under Bethlehem Skies.’ ## Staff Changes We have seen several staff changes over the year and are thankful to God for those who have contributed their gifts and talents to St James. Alex Williams completed his internship with us and 3 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 moved on to study at Oak Hill College. Ashley Nichols, our Head of Children’s Ministry, became a Director of Pathway, and is missed after many years of dedication and enthusiasm. We also miss Hannah Whitehead, our Head of Community Ministries, who took up a position as Development Manager for Hope in Tottenham, and Sally Cartwright who co-led Women’s Ministry. Finally, we said a sad farewell to Phil Mullins and his family, who relocated to Hampshire where Phil is now Vicar for the parish of Hordle and Tiptoe. We were very pleased to welcome onto the staff team Chris Hogg, our new Production Manager. ## Special Events - The year began with a virtual Big Church Quiz on 23 January. This was Scottish-themed, in honour of Burns Night, and was hugely successful in lifting everyone’s spirits! - The children were invited to two virtual events on 14 February: Breakfast with Jude the puppet lion in the morning, and a chance to engage with their leaders over a hot chocolate in the afternoon. - On 2 April Ashley led the children in a virtual Easter Escape Room experience. - The Archdeacon’s Visitation on 20 April was carried out remotely again this year, as was the APCM on 26 April. - On 13 May Dave Bookless, Director of Theology at A Rocha International, joined us to give a biblical overview on why creation care is important, and gave us some suggestions of how this integrates into the life of a local church. - As Covid restrictions were gradually lifted, we celebrated being able to sing in church again with a Worship Night on Wednesday 21 July. - On Monday 9 August, WAVE church came together with the Young Christian Climate Network for a service focussing on how God cares for what He has made - the earth and everyone in it - and how He wants us to care too. - This theme was continued in a Creation Care Craft Morning for young children (3 – 11s). - There were two very popular concerts in October: a rendition of Schubert’s ‘Winterreise’ from James Cleverton (Baritone) and Nigel Foster (Piano) to raise funds for the roof project; and a memorial concert for the late Jennifer Bate OBE, who was one of the world’s leading classical concert organists and a resident of Muswell Hill throughout her life. - On Wednesday 3 November there was a performance from former Worship Minister, Joel Payne as part of the Resound Worship Doxecology Tour. This was in partnership with A Rocha and coincided with the COP26 Climate Summit. - Our church Quinquennial inspection was on Friday 11 November. ## **Music Ministry** Our sung worship is an integral part of our services and events at St James. The music team currently has 29 members, ranging from core instruments, solo instruments, and vocalists. It has been such an encouragement to see the team lead through the past year and pull together as one force. The past year has been challenging for the team, notably because there is currently no Worship Pastor on the staff team. We continue to pray that God would help us recruit to this role, in his timing and we 4 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 are especially grateful to those band leaders who have generously stepped up and who put together the music for our services each week. You are such a blessing to us all - thank you! Christmas was naturally a big part of the ministry, with three carol services. At both Traditional Carol and Contemporary Carol services, the reach was good, both in-person and online. Our Carol services online have had over 1,000 views. Our warm thanks go to Anna Patrick-Haines and Caroline Soresby for leading the traditional carols and for Patrick Haines who took on the lead with the contemporary carols. We are grateful to be able to lead God’s people in sung worship of the living God. We are looking forward to seeing what God will do through this work and are expectant that he will provide above and beyond for us as a church. ## **Community Ministry** 2021 was a year of adaptation for our community ministries and under the leadership of Hannah Whitehead, much was achieved despite restrictions. Hannah left in December to start a new role as Development Manager for Hope in Tottenham, and we remain very thankful for all God achieved through her ministry here. Community Café started to meet again in person in September after a mixture of zoom gatherings and outdoor meetings. Zoom helped to keep people connected, even with a quiz and thought for the day, but there was great rejoicing when we re-opened the doors on a Tuesday morning and were able to reconnect with many. As usual we are keen for church family members to not only join us in volunteering, but to attend and chat with our regulars. Community Cafe remains a wonderful time of encouragement and support for all who come. TeaTime for seniors was another ministry that we could restart, and it was a joy to have the return of the Christmas dinner which was joyfully attended and perfectly timed ahead of Omicron! Challenge Group continued to meet as a support group for families of preschoolers with additional needs throughout the year apart from the usual breaks over school holidays. Special thanks to Celia Webster and the team for continuing to lead this vital work. The Haringey Churches Winter Night Shelter continued with the model it ran last year, with one location (Holy Innocents Church in Hornsey). It is likely that this model will continue for future years and under a new Head of Community Ministries, will continue to review how best we can support the shelter. Likewise, the Muswell Hill Soup Kitchen has also adapted its working model but remains a partner and main beneficiary for our Harvest collection. We thank everyone who has given of their time, energy, and money to minister to the community in these ways, and we look forward to the arrival of a new Head of Communities Ministries in time and all that they will bring to the role to continue this wonderful work. ## **WAVE: We’re All Valued Equally** _My dear brothers and sisters, you are believers in our glorious Lord Jesus Christ. So don't treat some people better than others. James 2:1 ERV_ Wave’s purpose is to enable places where people with and without learning disabilities can enjoy worshipping or socialising together, doing things **with** and **not for** each other. The monthly **Wave Church Muswell Hill** met online in lockdown with 50+ people regularly joining us, including some from farther afield who welcomed the opportunity to take part in an inclusive worship service. Since summer 2021 it’s been wonderful to meet again in person at the Methodist Church, and a mixed ability team leads the service each month. We’ve been thinking about how Jesus is with us 24/7 and exploring what that means for different members of our community. Our members who attend St James Church also enjoy taking part in regular church services there. 5 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 **The Challenge Group** has also been meeting again in person for some time and welcoming new families. One mum said recently, "I've never been anywhere with my child where I've felt so relaxed". The group continues to be a place of friendship, laughter, and tears with lots of encouragement and mutual support, including a WhatsApp group where families can connect on a daily basis. We continue to be so very grateful for the use of this great space at St James’s, the beautiful flowers from Jo Loraine, Viv's wonderful piano playing, Kathy giving massages, all our dedicated cake bakers and Siv who has been faithfully serving teas and cakes for 12 years now. It's a real place of abundance! Both Wave Church and The Challenge Group now come officially under the governance of St James Church, and we are very grateful for the support the leadership team gives us. **Wave for Change** is now concentrating on encouraging Wave-style activities in more communities across London and farther afield, and we’re delighted that Bishop Sarah Mullally has agreed to be our patron. Building on from our experience in Muswell Hill, a Challenge Group has started in Crouch End and a Wave Church in Ilford (as a result of having seen Wave on Songs of Praise last year). Other churches and groups are showing an interest in our With Not For ethos and we’re creating a network of people who want to see more vibrant mixed-ability worship and social groups in the heart of their communities. We have created Wave in a Box with practical guidelines, resources, and ideas to encourage and support new groups. If you know a church or group who might be interested, please ask them to contact us (hello@waveforchange.org.uk). As we grow, we desperately need to increase the size of our employed and volunteer team. In particular we need someone to run Wave Church from this autumn. Please pray as we seek funding for the role and that potential candidates will come forward. As always, we are truly thankful to all the people who make Wave possible – those who support us with practical help, financially and in prayer. _Finally, our sister organisation,_ _**Wave Cafe** (a separate charitable organisation but with the same inclusive ethos), is open on Thursdays at the United Reformed Church and we encourage you to support it by popping in for a drink or delicious lunch (wavecafe.org)._ ## **Children’s Ministry** Children's Ministry was led by Ashley Nichols until July and Alex Williams, our ministry intern, assisted with children’s ministry until August. Alice Whittaker led the under 5s work until July when she became the acting Head of Children's Ministry. They were assisted by a competent team of volunteers to whom we are very thankful. ## **Children’s Ministry during Lockdown** ## Promiseland In Promiseland, on Zoom, a leader would welcome the children and then the children would watch the Jude’s Sunday Gang video for that week. The teaching was pre-recorded each week by various team members and then there was an opportunity to do craft and to discuss the teaching together. ## Promiseland Junior In Promiseland Junior, on Zoom, Alice created content and then Alice and Ashley filmed the teaching, craft, and songs each week. A leader would welcome the children and then the children would watch the video together, do the craft in breakout rooms in smaller groups and discuss what they learned. ## Doorstep Visits During lockdown, the children were not interacting with many people. We decided to visit children on their doorsteps to check up on our families and to bring some joy to their sometimes-mundane daily lives during lockdown. We also arranged some opportunities on Zoom for families to sign up for a slot so that we could catch up with them and see how they were doing. ## Bumps and Babes Bumps and Babes was allowed to continue meeting in person as a support group throughout lockdown. This gave mums the opportunity to connect during a very isolating period. Alice was able to give a short thought for the day from the Bible and lead the group in a few children’s Christian songs. 6 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## Pancake Party For Pancake Day we organised an online party for the children. We taught the children the significance of the holiday, made pancakes together and decorated them together. ## **Children’s Ministry in person again** ## Younger Kids Services On 14 March, the Younger Kids Services resumed weekly at 3pm on Sundays. These services were for our under 7’s and their families. This family service originally started so that under 5’s ministry could continue to meet in person while still abiding by the Covid restrictions. These services included teaching, singing, craft and messy play; we welcomed around 10-12 families each week. On 18 April, Promiseland Junior resumed and our under 7’s services moved to once a month. ## Promiseland On 18 April, Promiseland resumed in person. The children still needed to social distance. However, at least they were able to meet in person again. The leaders were able to connect with the children more easily. In September we were able to run Promiseland normally, as we had done pre-Covid. ## Summer Holidays During the summer, Ashley, the Head of Children’s Ministry left the staff team to head up Pathway and Alice became the acting Head of Children’s ministry. Alex, our intern, moved on to study at Oak Hill College. We had all-age services throughout the summer. ## Creation Care Craft Morning In the autumn of 2021, in one of our all-age services we thought about why we should care for God’s creation. Julia Rank and Alice organised a craft morning during the week before this service, where we did various crafts to go along with this theme. ## Crib Service On Christmas Eve we had a service for families. Many visitors came along to this service and heard the good news about Jesus. ## Youth Ministry St James Youth seeks to partner with parents to make young disciples. That is us in a nutshell and it flavours everything we do. God has been so kind to us this past year, even with the changing times we are living in. Young people have been saved and built up in following Jesus. Numbers have stabilised over the year and grown in the younger year-group. We have been constantly reshaping our groups and structures to continue fulfilling our vision and to better serve families and young people, including focussing on refining each of our regular groups to make them the best they can possibly be. We have made a few changes in how they run, the structure they follow, and content taught. Alongside this, a few big events form key parts of our discipleship goal. The Big Weekend 2022 saw 107 young people and leaders delve into the book of Mark and its impact on everyday life today. Numerous young people took huge strides in their faith. Together with St James Kids, the Equip conference ran for its fifth year, reaching over a hundred Youth and Children’s workers from other UK churches. This is a great training day for our teams but also acts as a huge blessing to the churches who brought their teams along. It has been such a blessing to have Anya on the team as Youth Minister for three years now to work alongside Dave. Even though recruitment of leaders has been a challenge over the past year, we are so grateful to God for an incredible team he has provided for us. We have high expectations for our teams, who commit to training, praying, and serving every week at our groups. This means we have a good core team who can disciple young people within our small group structure. With London being so transient, we are constantly recruiting new team members to fulfil our goal of having a leader to young person ratio of 1:3 7 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 – a ratio that is hard to achieve and maintain, but important for this deeply relational ministry. Please do pray for our ongoing recruitment. For 2022, we are keen to focus on partnering with parents - a core part of our vision. We have held several parenting lunches in the past, where families can share lunch together, followed by provision of childcare and teaching and discussion for parents and carers. This has been a huge blessing to families within the church and is something we would ideally like to continue this year, with the Parenting God’s Way programme being held once per term. We are also seeking to prioritise growing disciple-making disciples. The young people are the ones in the schools who have the contacts and know the culture best. They are the best way of us reaching out. Big events are great, and will certainly play a part, but the steady long-term training of young people to be fearless followers of Jesus in reaching their friends for him will be our focus. As the scriptures say, ‘Unless God builds his house, the workers labour in vain’. Please join with us in praying for God to work in the hearts of our young people. Praise him too for all his goodness to us over the past year. ## **St James Primary School** In July 2021, the school bid a fond farewell to Carol O Brien, after 29 years as Head teacher. As a church community we have been thankful for her leadership and encouragement. Her departure led to a restructuring of the senior leadership and now we have an executive Head, Geraldine Gallagher, who also oversees St Michael’s primary school in Highgate, with a full time Head of School, Jessica Williams. The start of the new academic year has been positive as we have both enjoyed going into the school to take weekly assemblies and also welcoming the school and parents to the Harvest and the Christmas assembly. ## **Evangelism** In February 2021, whilst still not meeting in person, we innovated and made our 10:30am service a guest service complete with an opportunity to speak live to the preacher in a zoom room after the service. We have not repeated this but nonetheless remain committed to thinking of how the new technologies can help us to reach more people with the good news of Jesus. The Gathering has also become a place to invite visitors, non-Christians along, and in May 2021 we hosted Christian singer-songwriter Cat Rea who shared her songs and story of faith and hope with church family and their guests. Re-starting services in person took a lot of time and energy and so we waited till September 2021 to offer a Christianity Explored course entirely online for those looking into the Christian faith. Overall, it was a positive experience as some were able to join who would otherwise have struggled to come to an in-person gathering. ## **EcoStJames – Caring for God’s Creation** EcoStJames is a new initiative which aims to help us better understand and fulfil our responsibilities toward creation care, both individually and as a church community. Put simply, as Christians we believe that God created the planet and tasked us to look after it (see Genesis 1!), but it is something which we have collectively failed to appreciate or prioritise. EcoStJames is our response to take this seriously. Our first task has been to establish a baseline in two areas: **1. Level of interest and support from the church family.** From our evening event on Creation Care last May and a subsequent survey, we can see that many of us are enthusiastic about this topic and there is lots of good practice out there. But we could do a much better job of sharing ideas, which we have started to do in our now regular “Eco Top Tips” item in the weekly Church Family News. **2. Assessment of our current operation and practices.** Having signed up to EcoChurch, we have access to their established diagnostic covering five areas: Worship & Teaching, Buildings, Land, Community Engagement, and Lifestyle. Our informal self-assessment reveals that while there is plenty 8 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 we can improve, we already have a number of positives in place, we think sufficient to qualify for their “Bronze award” (application in process). There is more to be done, including a proper measure of our carbon footprint, which we plan to complete later this year, but even this first pass assessment highlights some specific practical changes we can make. While establishing our starting position, we have in parallel tried to make some initial improvements, becoming engaged with other local environmental organisations, promoting practical ideas, supporting specific A Rocha projects, and organising Nature Walks (see church calendar, 22 May). Do be in touch with any of us of you’d like more information or have any suggestions. _**EcoStJames brief:**_ The PCC acknowledges the Church's responsibility of Creation Care and commits to acting this out in all areas of life of St James. As a practical first step the PCC endorses St James embarking on the EcoChurch pathway, and tasks the St James EcoChurch Group with investigating ways in which we as a church family can progress on this journey. _**EcoStJames Taskforce:**_ Jean Airey, Patrick Haines, Anne Rawcliffe, Gerry Rawcliffe, Beth Stone, Hannah Stone, Graham Wright ## **Deanery Synod Report** A meeting was held on Thursday 15 April, 2021 of the newly merged East and West Haringey Deanery Synods. Because of Covid restrictions, this was held online. Bishop Rob was the main speaker and was very encouraging. Robert Duncan, the acting Chair, contacted PCC Secretaries for up-to-date details of all Deanery Synod members. There were two elections in 2021, in which Deanery Synod members were entitled to vote: General Synod Laity Elections and Area Council elections for both clerical and lay members of the deanery synods in Stepney, Kensington and Edmonton areas. ## **Church Leadership and Oversight** |**PCC**|| |---|---| |_Incumbent_:|Revd Chris Green(Vicar)| |_Other ministers:_|Revd Mark Murthen (Associate Vicar)
Revd Phil Mullins (Associate Vicar) (moved at the
end of December 2021)| |_Wardens_:|Ian Roberts
Alison Vincent (stood down
April 2021).
Debbie Wright (elected April
2021).| |_Other representatives on the Deanery Synod_
_(in addition to the Wardens)_:|| |Ajay Gohil
Caroline Streets-Law
David Williams
Gillian Dunkeld
Gina Titheridge|| |_Other members, all elected unless otherwise_
_indicated:_|| 9 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 |Richard Brueton
Benjamina Bolton - stood down April 2021
Patrick Haines
Lydia Bartlett
May Mak
Helen Watts
Jonathan Stone - Honorary Treasurer - elected
April 2021.
Andrea Bleakley|Katherine Adams - stood down April 2021.
Michael Dufour
Steve Sexauer
Jo Hutchinson
Seb Butter (Honorary Treasurer, ex-officio) stood
down - April 2021.
Carolyn Ritchie (Safeguarding Officer, ex-officio)| |---|---| ## **PCC Sub-Committees** The PCC operates through a number of sub-committees, which meet between full meetings of the PCC. These sub-committees comprised the following people since the Annual Parochial Church Meeting (“APCM”) in April 2021 (see the 2020 Annual Report and Financial Statements for sub-committee membership up to that date): ## **Standing Committee** This committee has responsibility to transact the necessary business of the PCC between its meetings, subject to any directions given by the Council. It comprised Chris Green (Vicar) Chair, Mark Murthen (Associate Vicar), Phil Mullins (Associate Vicar, left December 2021), Ian Roberts (Church Warden), Alison Vincent (Church Warden, stood down April 2021), Debbie Wright (Church Warden, elected April 2021), Seb Butter (Hon Treasurer, stood down April 2021), Jonathan Stone (Hon Treasurer, elected May 2021) and Andrea Bleakley (elected March 2021.) ## **Finance Committee** This committee oversees the financial affairs of the parish, by monitoring income and expenditure, cash flow, budgeting, accounting, and setting the fund-raising targets for the parish. Its members comprised John Waters (Chair), Jonathan Stone, Seb Butter, Jonathan Thornton, Gina Titheridge, Tim Bartlett and Alison Tyndall. ## **Buildings Committee** The Buildings Committee is responsible for maintaining the parish church itself, and all its associated buildings, including staff housing. Its members comprised Chris Law (Chair), Gill Brazier (Vice Chair), Ian Roberts, Louise Spalding, James Lea and Nigel Young. ## **World Mission Group** The World Mission Group is responsible for developing mission links outside the parish, and the distribution of the bulk of the funds set aside for mission giving (10% of the parish’s unrestricted donation income is designated for mission giving.) Its members comprised Stephen Booth (Chair), Chris Green, Richard Bird, Richard Brueton, Deborah Kiwanuka, Clare Davey (stood down November 2021), Gina Titheridge, Esther Sharma, Steve Sexauer and Nicholas Durden (elected July 2021.) ## **PCC Activity in 2021** The PCC met in January, March, May, July, September and November. At the Annual Meeting (APCM) in April 2021, it approved the 2020 Annual Report and Financial Statements, and the Financial Budget for 2021. At each meeting, the PCC spent time looking at the Bible, praying and conducting normal business including updates on buildings work, World Mission Group and finance, as well as safeguarding, data protection and ecological concerns. ## **Our Patrons, the Diocese of London and Common Fund** We continue to enjoy an open and productive relationship with the Patrons of the Church, The Bishop of Edmonton, and the Church Pastoral Aid Society. The Common Fund we pay to the Diocese of London 10 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 fully covers the direct costs of employing our Vicar, and in addition contributes to other costs of the Diocese of London. Our contribution to the Common Fund in 2021 was £85,200. ## **Finance** The Finance Committee of St James continues to review the financial structure of the church. 2021 saw continued generous support from its members, and the church has had a healthy financial result for the year. The General Fund achieved a surplus of £40,169 for the year compared with the surplus of just over £56,000 in 2020. This brings the retained amount within the General Fund to £241,267 as at 31 December 2021, which should be considered more than sufficient. Whilst the 2022 budgeted income is in line with the 2021 outturn, some of the one-off gifts in 2021 are not expected to be repeated in 2022 - so the 2022 budget is more ambitious than it may first appear. That said, given the surplus in recent years and the significant bank balances at hand, an outturn of a small deficit in 2022 should not be seen as an unacceptable outcome. ## **Buildings Committee** The Buildings Committee met regularly during the year. As at 31 December 2021, membership consisted of Chris Law (Chair), Gill Brazier (Vice Chair), Ian Roberts (Church Warden), Louise Spalding, James Lea and Nigel Young. The principal project for the year was to improve the fire safety both in the church offices and at the Birchwood Centre. This involved installing and repairing fire doors, fitting additional smoke detectors and door closers and improving signage and emergency lighting in line with the recommendations made in our latest fire risk assessments. Our thanks to Ian Roberts for managing this work. Other notable works during the year were: 1. replacing boilers in two of our residential properties (8 and 67 St James’ Lane) and replacing a number of radiators in 8 St James’ Lane. 2. installing a new kitchen, redecorating and improving fire safety in the Birchwood Lower Flat. 3. replacing two gas heaters in the Birchwood main hall and carrying out electrical repair work in the main intake cupboard, following a short circuit. In addition to general maintenance of the church buildings and the Birchwood Centre, St. James has a number of residential properties which require maintenance and updates to make sure they are suitable for our staff. This includes regular maintenance of boilers and lightning conductors, undertaking gas and electrical appliance tests and fire assessments, electrical certification, gutter cleaning, and general repairs. The Diocese carried out its Quinquennial inspection in November 2021 and the report was issued at the end of December. The report noted that the church of St James is in a good state of structural repair (except for the poor condition of the North Aisle and Chapel roofs, some high-level stonework and the north elevation rainwater goods, which are to be dealt with as part of the next phase of the roof project) and that the public areas of landscaping are generally well maintained and attractive and should be a source of pride to the church. It should also be noted that Phase 1 of the roof works (the south aisle and flower kitchen roofs) was completed in January and the retention released in July 2021. We now have funding (taking into account a legacy and our reserves) to do part of the rest of the roof works, namely the north aisle and west facing side chapel roofs (Phase 2A). We are currently estimating that Phase 2A will cost about £135,000 (gross). This may be reduced to just under £113,000 if we are successful in making claims under the Listed Places of Worship VAT grant scheme in respect of all VAT incurred in carrying out the works. Our gratitude goes to Gill Brazier for faithfully project managing the roof works on behalf of the church. It is good to know that we have a valuable and committed team of professionals working with her in the Architect (Ablett Architects) and contractor (Ashford and Cranbrook) to carry out these works efficiently and effectively. Contracts have been signed and Phase 2A is scheduled to start in April 2022. 11 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 Our thanks go to the churchwardens and members of the Buildings Committee for their time, experience, and expertise as well as to Anand Achuthan, Leona Akass, and the other members of the Operations team for their hard work throughout the year, keeping the church buildings and Birchwood Centre functioning and to the gardening team (ably led by Caroline Streets and Viv Roberts) for keeping the grounds looking so attractive. ## **World Mission Group** In 2021 the World Mission Group (WMG) distributed about £54,000 to Mission Partners. This was a slightly lower number than initially planned, due to overseas trips and a youth mission trip remaining impractical for a second year in a row due to Covid restrictions. The PCC allocates 10% of unrestricted giving received each year to the charitable giving fund, which the WMG is tasked with distributing. In 2020 the WMG distributed a higher amount of c. £80,000, which was a deliberate one-off effort by the WMG to distribute funds that had accumulated in the charitable giving fund. The charitable giving fund balance in 2021 more accurately reflects what is required to enable the funding of any new Mission Partners that apply during the year, as well as to support existing Mission Partners who may have emergency funding needs. The maximum amount distributed to any single recipient in 2021 was £7,000 (Tam Szilard with Crosslinks in Hungary), with several others also receiving £6,000 or more (Jane Ingle with Wycliffe, Emmanuel Church in New York where Jim Salladin is Rector, Pathway youth outreach in schools, and the Kenyons in Cambodia). Large organisations we support tend to get half this amount, with A Rocha, Crosslinks and OM all receiving £3,000 each. New Mission Partners who received their first funding in 2021 included: - Larry & Linda Frisa, working with Agape UK. - Martin Hickey, working with Seminario Por Extension A Las Naciones (SEAN International). - Philippa Lovell, who was previously with London City Mission and is now working with Universities and Colleges Christian Fellowship (UCCF). ## **Safeguarding** The PCC adopted the 2021 Parish Safeguarding Policy Statement and the Safeguarding Audit and Action Plan in July. There were no serious Safeguarding incidents in 2021 that needed to be notified to the Charity Commission. The Audit and Action Plan were for the calendar year 2020; for much of that time the church was subject to Covid19 restrictions so there were fewer face-to-face activities for children, young people and vulnerable adults. No actions were required to be taken as a result of the audit. As activities resumed during 2021 and more families started coming to St James, more volunteers were needed for the children’s and youth groups to ensure they complied with Safeguarding regulations. A related problem was that Ministry Heads didn’t have timely information about who was qualified to be a ‘Leader’ and so count towards the staffing ratios. To address the latter issue, ChurchSuite Workflows were introduced in September for DBS checks, Safeguarding training, and Reference taking. The main benefit is transparency about who is qualified to be a Leader, but the workflows also streamlined the procedures. Another change was introduced in the spring regarding Safeguarding training for people with learning and other disabilities (such as visual impairment) who wished to become Helpers in the children’s and youth groups. The online training involves passing a test which can be difficult for some people with disabilities. We were given permission by the Diocesan Safeguarding Team for Ministry Heads to facilitate the Basic Awareness training so that those with disabilities could join the teams as Helpers. This is a positive step in St James becoming more inclusive. The Church of England revised its Safer Recruitment Practice Guidance in 2021. There were two key changes: first, from January 2022 DBS (Disclosure and Barring) checks must be done every three years 12 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 to bring the church in line with good practice across the charity/voluntary sector; second, those involved in recruitment need to complete the ‘Safer Recruitment and People Management’ training course. These and other changes are being implemented. ## **Governance, Internal Control, and Risk Management** It is through the various committees and sub-committees that the PCC has addressed the key operational and financial control requirements of the Parish. St James is subject to the full accounting and auditing requirements established by UK law and practice. In addition, the PCC and staff team have addressed some of the non-financial risks associated with the activities of the church, such as Child Protection policy and the health and safety of its employees, members, visitors and contractors. They have established appropriate risk management policies and procedures, including where necessary, appropriate insurance cover. The PCC is grateful for the considerable efforts of volunteers for its successful operation. Without that help, the church would not be able to carry out its many and varied ministries and neither would we as individuals have opportunity to serve our Lord God as he would have us. ## **Auditors** Lakin Rose Limited acted as auditors during the year. A resolution for their re-appointment will be put forward at the 2022 APCM, as required by law. On behalf of the PCC Revd Chris Green (Vicar) 04 April 2022 13 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## **Summary of a Parochial Church Council’s Financial Responsibilities:** ||| |---|---| |1.|The PCC shall prepare accounts of the ecclesiastical parish and be accountable in particular to
all whose names are on the electoral roll_(Church Accounting Regulations 2006)._| |2.|Every PCC shall furnish to the Annual Parochial Church Meeting the audited accounts of the
council for the years ending 31 December immediately preceding the meeting and an audited
statement of the funds and property, if any, remaining at that date_(Parochial Church Councils_
_(Powers) Measure 1956)._| |3.|The charity trustees_(for which read PCCs)_shall ensure that accounting records are kept in
respect of the charity which is sufficient to show and explain all the charity's transactions
_(Charities Act 2011, Part VIII Charity Accounts, Reports and Returns, Section 130 Accounting_
_records)_.| 14 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## **INDEPENDENT AUDITORS’ REPORT TO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Opinion** We have audited the financial statements of Parish Church of St James with St Matthew (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the PCC members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the PCC members with respect to going concern are described in the relevant sections of this report. 15 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## INDEPENDENT AUDITORS’ REPORT TO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR ENDED 31 DECEMBER 2021 ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the PCC members' report is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of PCC members** As explained more fully in the PCC members' responsibilities statement, the PCC members are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the PCC members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the PCC members are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the PCC members either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditors' responsibilities for the audit of the financial statements** We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 16 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## INDEPENDENT AUDITORS’ REPORT TO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR ENDED 31 DECEMBER 2021 ## **Extent to which the audit was considered capable of detecting irregularities, including fraud** We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. ## **Identifying and assessing potential risks related to irregularities** In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - the nature of the sector, control environment and charity performance; - results of our enquiries of management about their own identification and assessment of the risks of irregularities; - any matters we identified having obtained and reviewed the charity's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. - the matters discussed among the audit engagement team and involving relevant internal specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty. We identified no such laws and regulations applicable to the charity. ## **Audit response to risks identified** As a result of performing the above, we identified revenue recognition as a key audit risk related to the potential risk of fraud. Our procedures to respond to risks identified included the following: - reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - enquiring of management concerning actual and potential litigation and claims; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; - reading minutes of meetings of those charged with governance; - obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non recognition of provisions; and 17 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2021 ## **INDEPENDENT AUDITORS’ REPORT TO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR ENDED 31 DECEMBER 2021** - in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report. ## **Use of our report** This report is made solely to the PCC members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the PCC members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC members, as a body, for our audit work, for this report, or for the opinions we have formed. ## **Lakin Rose Limited** Chartered Accountants Statutory auditors Vision Park Histon Cambridge CB24 9NL Date: 13 April 2022 18 ## Parish Church of St James with St Matthew, Muswell Hill ## Statement of Financial activities for the year ended 31 December 2021 19 Parish Church of St James with St Matthew, Muswell Hill Balance sheet as at 31 December 2021 Pyoptrty Frylld Othtr Totsl Tot FL￿D ASSETS Tangbitfueda55tts I,045,l14 46.408 IM1￿22 1,058,024 1,097J35 CiIUiETraT ASSETS Debto Cash atbAok￿dinb8￿d Ill61 418JOI 430,402 14.161 418JOI 430,462 87,625 261880 350,505 S7,625 2L? 880 350,505 LL4BILITtES.. AIIIOIryTS FALLING DLT 11]THIf* ITAR (61,87 47.62 1109.49S 161.87 ,16 85. T CURRE￿1 ASSETS (61,87 381842 320907 61,87 327,310 205.465 T ASSETS 9g3239 429250 1.411489 996.149 366_851 lJ63:( FLY4DS Lnresthcted Re5tiicted 983239 373238 1 J56,477 56.012 $6,012 996.149 lJ17 439 45.561 983239 429250 1.412,489 W6.119 366.851 lJ63:(MJ) AppmTr"tdbythe PCC onol Apll12021 and5igned ourts be￿bY." Revdthiscteeulchall) Jollathan StLmttItono￿TTca5urCrI Th¢notr5 oupase5 21 to 27foTTDpart of the5¢0uancial 5tatewellts. 20 Parish Church of St James with St Matthew, Muswell Hill 2021 Cash flow statement Statement of cash flow5 Table I 2011 2D20 Note C•ih 11p￿ Irvrn o •r•tin NetC(Jsh Provided by } operating octivities 174.339 11,4061 ITable 2 below) Cash f1ow5friM￿ investin artivities.. Dividendg, Interest and rents from Investments pr0￿edSfroMthe sale of property, plant and equipment Purchase of ro lantand e ment Pro￿ed5 from $31e of Investments Purchase of investments Net Qrsh provrdedby fusedin l investiny octivities lash flow5fri￿ financingattivities= Repayments of borrowing cash Inflows from new borrowin Receipt of endowment Net ¢ath provrdedby rusedlnjfinu￿1ry u¢tivities 23,934 24,602 142,852 10,867 118.918 13.735 Ch17nge in c17sh undcash equtivulents in the reporting period 155WI 12.329 Cash and ¢35h equiv31entS at the beginning of the reportinE period Cash and ¢35h equivalents due to exchange rate movements Cash E7MdMsh equlvolents t7t the eMdoAthe repartingperiod 262,880 250,551 418.aoi 262.880 IT3ble 3 bèlow) R•¢•n¢ili•ti•n af n•t m•v•m•nt t• n•t uih Ilows Irom op•r•tin¢ •¢tiviti•i Table2 2011 2D20 Plet movement infvthfv the reportingperiod(a5per the st#t¢m¢nt QA swn¢i#l •¢tivltiesJ Adjustment for.. Depreciation charge5 Dividends. Interest and renis from Investments Los5llprofitl on the Sale of fixed assets Ilncrea5elldecTease in Stocks 45.827 48,865 124,6021 75,464 24,455 174.319 159,8741 15,5511 11,4061 Plet ¢ash provrdedby fusedin} opernting activities Analysis of cash and cash equivalents Table 3 2020 Cash In hand Notice deposits Ile55than 3 months) Overdraftfacili able on demand Total eash and eash equivalents 342,496 75,805 187,597 75,283 418.aoi 262.880 21 ## Parish Church of St James with St Matthew, Muswell Hill Notes to the 2021 Financial Statements ## **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities SORP (FRS 102)” effective 01 January 2019. They have been prepared under the historical cost convention. The Parish Church of St James with St Matthew meets the definition of a public benefit entity under FRS102. ## Fund accounting General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. ## Incoming resources ## _Voluntary income and capital sources_ Collections and Planned giving (donations) are recognised when received by or on behalf of the PCC. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt is reasonably certain. ## _Income from investments and other income_ Interest entitlements (including any tax recoverable thereon) are accounted for as they accrue. Rental income from the letting of the church premises or related property is recognised when the rental is due. ## **Resources used** ## _**Grants and donations**_ Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. circumstances, no valuation is provided for this property in these financial statements. The costs of maintaining and using this property are treated as expenses of the General Fund, and expensed or capitalised (as relevant) as incurred. No value is placed on movable church furnishings held by the Church Wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. ## _**Staff housing and other property**_ Freehold or leasehold property required to be accounted for by the PCC are included in these financial statements at market values estimated in 1998, in accordance with the SORP. These values were reviewed in 2000 and considered by the PCC to continue to be appropriate valuations for the purposes of these financial statements. Maintenance expenditure is written off as incurred. Land and buildings are not revalued upwards unless there are exceptional reasons for so doing. This is because, in the PCC's view - i. the cost and effort of obtaining appropriate valuations outweigh the presentational and other benefits of formally revaluing such properties. - ii. these buildings comprise residential property in Muswell Hill, whose market value is and has historically been substantially higher than the values at which these properties are currently recognised in these financial statements. Any permanent diminution in the value of these properties, as evidenced by formal or informal valuations drawn up by or on behalf of the PCC, below that at which these properties are recognised in these financial statements, however, is appropriately provided for. Depreciation has been provided on these properties based upon an expected useful life of 50 years. ## _**Other fixtures, fittings and office equipment**_ ## _**Activities directly relating to the work of the Church**_ The Common Fund is accounted for when payable. Any amount unpaid at 31 December is provided for in these financial statements as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet. ## **Fixed assets** ## _**Consecrated and inalienable land and buildings, movable church furnishings**_ Consecrated and beneficed property is excluded from the accounts as per the Charities Act 2011. In the case of this Parish, the properties excluded by this section are the Church, the Parish Centre, the land surrounding both and the Vicarage. The Birchwood Memorial Hall is the subject of a separate trust dating back to the early 1900s, the sole custodian trustee of which is a Diocesan body. The Church is allowed to use the Hall for Church activities, as directed by the Church Wardens for the time being but has no other rights to the building. It is regarded therefore as inalienable property of the Church. As no reliable cost information is available, and conventional valuation methods lack sufficient reliability and would involve cost which far outweigh the benefit such a valuation could provide in the Equipment purchased and used within Parish premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £1,000 (excluding VAT) or less are written off when the asset is acquired. ## **Current assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held either with the Central Board of Finance, Church of England Funds or at the bank. ## **Taxation** As a charity, the Parish of St James with St Matthew, Muswell Hill is exempt from tax on income and gains falling within sections 521-536 of the Income Tax Act 2007 to the extent that these are applied to its charitable objectives. No tax charges have arisen in either the current or preceding year. 22 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2021 Financial Statements 4COME.4ND ETr4DOiiIIETr4iS FRO.U: .IY.4LI"SIS Bl Fuf4D Unrutrittod Rostricted TOT.4L FThT•S rAft.4id&xatiOAS ILCOfth+ tIX ia¢O%"*tablèoL Gift A￿4knItio Othe[pl￿d S*ixce Colleetsonj Otbtr donatio 462.783 11<.9-,1 53.635 7,804 470,i87 11-,.92: 55J75 8iO 486.216 2.993 74.938 6,86Q 1.740 4)3 36.2-.6 4S. 644.934 693_158 751.634 1.02-. BirchwoodHJll lettiap {illdd￿ Chwck Hira Jllcorne) Rentat 29.07S 23,41x) 1.94-. 54.4: 9,078 18,174 23,889 6)2 42,715 1.94-, 2(41 534 14.85". 1.-,39J <34 14_857 li,391 27,613 TOT.4L lYCOlItNG RES0[￿icI$ 715,777 764,001 892,191) .1¥.4LI"StS Bl FitND TOT.4L FitNDS 2021 Unr•xtrict R*Jtrlrt4d 3(4) Gp4ffjts ￿deharli￿b1e Eiving l*e 11 below).. 'orsea5 ChTxcE alldcknriti 28.".41 5 J19 ,454 3-..7-.3 34.060 44,017 85. 33.586 I89,807 85.2 33_586 189,807 6.007 85.200 7.S61 181,7: i.979 Staff 3adminiJtr% coJtJ Costg of gervi Otkqt activit 514.600 514,6 500,765 Offica Staff andla> &wstJA¢e cwti Bank" charg 35,6: 68,12: 149 103_898 37?53 71,7iO li3 109.:56 149 103.898 5(¢) Clwelt 4.511) 4.5 42C TOT.4L BISOLT￿eOIv$1uS￿.a￿dp*r61o￿to$l5of theoaep*EwetrdèrD pr8its(Lai$iJatnes'$Chw¢l¢ ai the￿W￿l￿Of ' l. T1È5alarn"3ndp￿Ion¢0stsof￿*bj.tI￿PCc aAdaR ifLduWirL Staff ￿mEntIts) ¢ostsaboi"* Th*éP￿LttC￿x?fj)Utt￿IQd￿￿￿￿"f￿et&llb￿.f4kt itnèrttsofthèPCC. The￿L￿alL0ernpb￿0t￿QrSI￿.￿m￿trV1Ad*pr¢ts. .4llem40yr￿&co5ts3rerellewed3nADJllv: efkctiTr?JanuAgi as foiiovs.. i6.331 11.3 i.0".4 66,0".) 338,8".0 i2,984 10,884 4,941 Peosior¢ cost$ c09t$ (indthE repaifs ￿dI￿aInte￿anCel 346,033 Extltykngihe Iht*deoyptsts: tl*aTr"ttagèAuthb*ofoth*erArlfftworkir4ovér16kowyp¥*tek(tt*>Jted&oml Septettb2rin*aL Actlvities i&recils retsillLS to the work of the ChwdL Of tho3e employe2J. aone &irnedmwe tban £60:(IIKI m theye￿. tnanberjof thePCC. NOelectedtt￿Lb￿o{tFÈECC￿￿ellgoe￿Pll￿tO￿￿ft￿￿Ya￿MB2￿I.￿01ZlZryTr1SP￿dt0ErC￿embÈDVho￿erea1*D The[oll￿t￿trI￿XtrCIYWOtett￿dÈrt￿withPc¢Mert￿0rret￿ÉdP¥￿1, allfipe&Jr*ittd¥iv¢ofl'ATif2pFltra*le.' . ThederD mvnbtrsof tfr*E£cW￿ePr0￿]ddau0F￿CJt0￿Wt￿thpI%ryreUtQf￿td1N.bJ￿: d￿n1￿z. wdtuipE_bthi etc.Tht nounts forLO:1':L￿ ¥eufoll•JE3". ChnsGreen-£4.4I)7. £4.9N. N.13rkN.IwtlEn- £1.61L £89)F&illIDttiTB- L.i",4' £?.ryJ. 4 Lhme the fy>l fgxmin&oof :Q'l.oeitkDiidCon*JnoJthJlJaNler)ooratskof ￿ StJafne5>t3ff rethisdaav&xr*t• pay iacrèue. Dandwaj thefill￿0fxatknneAda￿0: Pcctrwu￿r. kattrÈrin2reJIy*dfromt￿EtcIAApAl:￿l. 24 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2021 Financial Statements FLIIDASSETS FOR USE BI THE PCC tor TotAi Fr••hold bookTxIuo At l ]￿2021 494.040 794,887 193.979 {6:S7S) 1"..063 (6J78) 188BO At 31 D￿￿t￿￿-.0. 506.930 794_8S7 At l J￿￿3rY"o. 138.393 154.468 J8SJ71 15,898 DLy*uJJ At 31 DacetU￿.0￿1 {6,S78) 170,6ii (6378) 447J?8 148,:9) 108,408 SL￿O0￿￿Al 31 Decwll￿ 2020 3ii,$47 39,ill At 31 2021 358.635 6S6.4-,9 46.408 1,091322 A5 it 31 D4cattl￿r ￿1 thefrothldiaLdltLd￿ll&f￿￿d7•J￿StaffhOLWUs1L￿1t￿lt 6". St NqLw*IIHill. Th*i*a5èh loaAof£61,8tri [￿a¢￿L￿￿mètttstt. DEBTORS 2021 2020 7.776 .188 -537 73.5: .559 PrOp￿ty.. oquipmout ￿ dwiti CASHL4L4L¥iCES 2020 230.318 55 <6.01: 3.716 41S.301 97.78: 77. 28 44.906 964 .880 Holdbs"Capital Fuud Holdbs" sp￿ CL*ll￿tIo￿ HaldbyCknritabl*Giiw LL4BlLt￿S. AMOUNfs FALLTr4G DLT ThTTHLYOF4E IE4R 9,461 38,li9 61,87) 109,49) OtheTereditor4 Loan. ProperlyFL￿a 14,733 61.87) wrIfrr>rnp￿CPOleI * 10_4w>yt 2￿Vandt￿￿reFVv￿utJ￿nTh￿￿bI3ta¥llSllUltlPI￿ryry theJJl*pTcwd$osnurk2ti"alDe￿Xthtfr t0purdwèpllcèhL4b￿ayw1J￿￿.￿Of£6s7.:Cl){￿Cl￿t￿0f 25 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2021 Financial Statements ThèCh3titab1￿GLI￿FUlldWblC￿lIp￿Id1WaN'E01nIMl0Tr￿ChaUti￿bDEb￿th￿UK￿dUI'￿D￿{WA0tr￿3 abo1￿￿alob￿O fiwdedby transfefrinl I￿￿¢0[￿*￿1￿3￿tQ4al￿￿lred*r￿frUU1P£G¢ntrliFDnd1￿eN0It2 la)). I￿$510111T<[*red¢0￿t￿BaIa￿*5h￿llftrerfflPt￿ry lh*Effjut￿Io1ft Tal￿fOr thepw¢h>eof14II"ooS¥ideNlanyw.ffi"Ql-. . Gsvefft trat [￿11 ShelierFwid. I'tth t￿ex￿1￿)nQf￿tFrir￿v￿F￿￿ 1treawt8￿al1￿bllttleJVfExhofI￿£￿frOll&ar¢A1*•EPaQ1d>th9tIf￿tiea- 26 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2021 Financial Statements 10 GKI)TS & RESTIUCTEDFL)I)P.41Th1LYTS 2021 2020 Unrestrlcled Reslrkted (Special colettk￿3) Total un￿$t￿ted Restrkied ISp2c&II Totsl rwerse•s m58s￿￿8 and¢￿r￿8-￿0r￿j PAIS$￿￿ Group Steward8hy- En￿&M￿hle1 KefiyDn Carreroon, WyclffeTr8nslators-Jone kng Can￿[00￿, ¥VyclfteTranslBtOTY-Jane (Car purchBse. rep3r81 Hungary, CrossknlS-SzikrdTam+ laty, CroJ5knky-ForteTorre i8￿, Crossknks-IP&SAranzul U9anda, Alsaints Sun9a Church USA, EmrMnJelATholic4Th Church-AmL¢r&JmSaW 5,059 72G1 n05 290 14506 7447 6.500 6.760 7.000 1.000 7.000 1.000 1,000 4.04Q 6.mo 36N22 lOOQ 6.yo 21741 6.yo 6Y 41,017 5J19 UK misskjns and so¢*tks-Worfd Ilissh)nGroup A9ape UK, LKd) & Ljrry F A RDtha Internaiwnal Crosthks Gr&Bter Europ8MThsvJ knterseN?, Paul BendDr-SJme knt8rseri&, lIart￿ HIGkEy UCCF. Philypa Cthamtrws Iwev wth London Cty MtyJh)nl OakhlCTrlkge, SwaniE Un￿[8[ Operakn)n MobiluMn Pathway st Ann'JChurch.TJttenham Tearfund (Aher£1,DOO Drunder 3.000 3.OOQ 3,OOQ 1.000 6,500 3.000 3.00 1,000 6.5 3.000 3.000 3.000 3.000 4,50D 2.000 3,ODD 8.000 6,OTrD 6.000 4.5 2,000 3.00 8,000 6.0 3.000 3.000 6.000 $30 60 21rKJ) 24530 43,105 43,165 stjames ministr￿ ChBl*ngeGroup' Chrth%￿PerernC2 Cornntycalé EquipConference.Yoth Mn¢lry Oyerseasthern inlheChihlren'8rnBIry Rool4unl SoupKrtchen, Mu5welHII Bapt￿l¢hur￿ st8ll*avm9 oift¥ Tea-r￿ Tre B¥Weekend.Yoth Mm41ry VicBf5 DL￿ret1Dllary Fund Church. Inlersheler oth¥E1,000 orunder 530 530 219 338 930 %0 2,&35 930 600 600 122,943 240 2,1fj6 35 ,337 21,620 21.K20 122,943 240 2,186 35 8,337 1710 993 807 993 932 1,526 933 1.526 126 1,0Tr5 2.041 1.338 144, 1041 1.33B 143,3&) 31,924 31,924 Totlllchartsb￿P&y￿ts 51741 37,713 91￿14 81,127 232,142 ' Chaknw Group &Wave thurch havebeen brou9ht In to bepart oIStJ4ff¢s'MBI￿$, +Szilar4 $ correcty rewrtedunderOver¥eas 27