## Parish Church of St James with St Matthew Muswell Hill London N10 3DB Reg. charity 1134716 Annual Report and Financial Statements for the year ended 31 December 2022 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 2022 |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|Responsibilities|This summarises the financial
responsibilities of Parochial Church
Councils.| |15 - 18|Independent|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 2022|This summarises the income and
expenditure of the Parish, across all
its funds,for theyear 2022.| |20|Balance Sheet as at 31 December 2022|various
assets and liabilities at that date.| |21|Cash flow statement for 2022|This summarises the cash flow
generated and utilised by various
activities duringtheperiod.| |22 - 26|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 2022 ## **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 2022. As a church, we have continued to grow steadily through the year, in person and online, with the addition of a new podcast, and are grateful for new staff members giving us fresh directions and energy. We continue to be thankful for all the many volunteers - and especially to all those who serve in the area of music, as we wait to appoint in that area. We are grateful to God for his abundant provision, not least in the completion of Phase Two of the roof project, and our replacement boiler. Set out below are a few highlights from the past year, which are expanded in the rest of this report. ## Preaching N\Y Z]fgh gYfacb gYf]Yg cZ h\Y mYUf kUg UVcih uLYgiffYWh]cb BcdYv Zfca . =cf]bh\]Ubg .2) Zc``ckYX) ]b - GUfW\) Vm U ghiXm cZ uC Ua + + + bc `cb[Yfv 'LcaUbg 37 . r .1() uC Ua + + + bckv 'LcaUbg 47 . 3( UbX uC Ua . . . not yet (Galatians 5: 13 - /3+( Ib .- ;df]` h\YfY kUg Ub YjUb[Y`]gh]W gYfj]WY k]h\ h\Y h]h`Y uDYgig) h\Y >ccfkUm hc F]ZY+v @cf h\Y giaaYf hYfa) dfYUW\]b[ Uh h\Y aU]b .-70-Ua gYfj ice focused on Isaiah. There was a Vision and Gift Day on 19 June, and on 10 July we had a visiting preacher, Graham Archer of CPAS. On 11 September, a special service was held to mark the death of Her Majesty, Queen Elizabeth II. The autumn term saw a gYfacb gYf]Yg Zfca Fi_Yvg [cgdY`) UbX ]b ;XjYbh h\YfY kUg U ghiXm) cjYf 1 kYY_g) UVcih DYgig Ug uQcbXYfZi` =cibgY``cf) ?jYf`Ugh]b[ @Uh\Yf) G][\hm AcX UbX Jf]bWY cZ JYUWY+v The All- ;[Y Qcfg\]d gYfj]WYg VY[Ub k]h\ U `cc_ Uh AcXvg dfca]gYg hc ;VfU\Ua+ N\Y Vc ok of Jonah was the focus for the four weeks in August, and on 4 September there was a special service to celebrate h\Y Zib UbX `YUfb]b[ cZ h\Y \c`]XUm W`iV uQcbXYf TcbY+v Ib 2 DibY) h\YfY kUg U DiV]`YY gYfj]WY) Zc``ckYX by scones and jam! And there was a World Mission Day on 30 October, with a video link from Mark Pickering about his experience with Operation Mobilisation. Finally, the Crib service on 18 December celebrated how God uses ordinary people for his extraordinary plans. New Year at The Gather ]b[ VY[Ub k]h\ U ghiXm cZ h\Y Vcc_ cZ ;Whg) Zc``ckYX Vm h\Y uC Uav gYf]Yg hc match the 10.30 service. On 10[th] ;df]` h\YfY kUg Ub YjUb[Y`]gh]W gYfj]WY h]h`YX uIdYb]b[ h\Y >ccf hc F]ZY+v @fca ;df]` hc a]X -July the focus was the book of Revelation, and there were then two services `cc_]b[ Uh uBck hc V`Ygg mcif W\ifW\ ZUa]`mv UbX uBck hc V`Ygg h\Y kcf`X UfcibX mci+v ; gYf]Yg WU``YX uQ\c ]g DYgig9v kUg h\Y ZYUhifY cZ ;i[igh+ N\Y Uihiab hYfa gUk U ghiXm cZ GU`UW\] UbX h\YaYg Zcf U uAccX AUh\Yf]b[v giW\ Ug FYU rning (Exodus 3: 1-12), Remembering (1 Cor. 11: 17-34) and Sharing (Col 3: 1-17.) The year culminated, on 11 December, with a Contemporary Carol service. ## Staff Changes In January we said a sad farewell to Leona, who had ably served as Church Operations Manager. She was succeeded, in September, by Enoch, who quickly settled in as our new Operations Manager. In the autumn we also welcomed Ellie Lyon as our new Head of Community Ministry. Keisha Marriner, our Ops In hYfb) Z]b]g\YX \Yf mYUfvg d`UWYaYbh k] th us at the end of December. We are very grateful to her and Leona for their hard work and dedication and feel blessed to have Enoch and Ellie as part of the team. ## Special Events - vMcinU cZ h\Y Dignity Freedom Network, and one on 5 November with guest speaker Glen Scrivener. - Gerry Rawcliffe led an Eco St James Nature Walk on 22 May around Alexandra Park. - On 3 July, we enjoyed our Church Family BBQ in the sunshine of the Vicarage Garden. - 0- MYdhYaVYf gUk U uLcchg cZ DUnnv WcbWYfh) k\Yb h\Y W\ifW\ kUg Z]``YX k]h\ dfcZYgg]cbU` jazz music, and we learned about its Christian roots. - On 26 No jYaVYf h\YfY kUg U QcaYbvg ;XjYbh VfYU_ZUgh ]b h\Y =YbhfY) k]h\ [iYgh gdYU_Yf Charlotte Blower, part of the leadership team at Euston church. - On 27 November, we hosted an annual Memorial service, in conjunction with W N Nodes Funeral Directors. - The year ended with our Christmas celebrations which included Contemporary and Traditional Carol services, a Midnight Communion on Christmas Eve and our All Age Christmas Day service. ## **Music Ministry** Our sung worship is an integral part of our services and events at St James. The music team ranges from core instruments, solo instruments, and vocalists. It has been such an encouragement to see the team pull together as one. Particular thanks should go to Graham Wright for his faithful leadership in this. We continue to pray that God would help us recruit to the Worship Pastor role, in his timing, and we 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! Many people visited the church for our delightful monthly lunchtime concerts, organised by Viv Roberts to whom we are extremely grateful. QY \UjY VYYb XY`][\hYX hc kY`WcaY h\Y Mh DUaYgv Choir back, under the enthusiastic leadership of John Rodger. Our thanks to John and the Choir for some wonderful renditions both at our Traditional Carol services and at our Sunday morning Holy Communion services. ## **Community Ministry** Ellie has made useful connections locally, and is enthusiastically developing the ministries here at St James, which are a lifeline to so many. - Community Café continued to run during the year, every Tuesday, providing a wonderful time of encouragement and support for everyone who came. - TeaTime for seniors, led by Gill Brazier, delighted members every Wednesday with delicious teas, quizzes and informal concerts. - The Muswell Hill Soup Kitchen has adapted its working model but remains a partner and the main beneficiary of our Harvest collection. - We continued to giddcfh uIdYfUh]cb =\f]ghaUg =\]`Xv Vm Z]``]b[ g\cYVclYg Zcf W\]`XfYb ]b kUf - torn countries around the world. - Many families in need were blessed with Christmas hampers, organised by the Besom team. Warm thanks to everyone who has given time, energy, and money to minister to the community in these ways. ## **WAVE:** EMbYM /SS DIS\ML 3X\ISS` _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_ 4 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 Q;P?vg difdcgY ]g hc YbUV`Y places where people with and without learning disabilities can enjoy worshiping or socialising together, doing things **with** and **not for** each other. Over 50 people are regulars at our monthly **Wave Church Muswell Hill** meeting. About one third of them have a learning disability; the rest are family members or friends or simply people who appreciate h\Y kUfa) ]bZcfaU` UbX ]bW`ig]jY bUhifY cZ h\Y gYfj]WY+ IbY dYfgcb fYWYbh`m gU]X) sCh ZYY`g `]_Y VY]b[ wrapped in a warm blanket r I leave knowing that God really lo jYg aYt+ Last year our mixed- UV]`]hm hYUa `YX U gYf]Yg cZ gYfj]WYg cb h\Y h\YaY cZ uDYgig aYYhgv+ QY `cc_YX at various biblical characters who met Jesus and thought about how it impacted and changed their lives. QYvfY WiffYbh`m `cc_]b[ Uh DYgigv hYUW\]b[g from the Sermon on the Mount and its practical implications for us. John Beauchamp (Diocesan Disability Advisor) has become a regular visitor and members appreciate his creative teaching and the communion services he leads for us. WAVE Church comes under the governance of St James, although it is an ecumenical group and meets at the Methodist Church. We recently welcomed Marion Poojari as part-time WAVE Church Engagement Lead and are very grateful to the St James PCC for supplementing the grant we received for this role. We are also thankful that Temi Noah (Oak Hill student linked to St James) has brought her experience around neurodivergence to the team. **The Challenge Group** meets weekly at St James and welcomes parents/carers who have a baby or hcXX`Yf k]h\ UXX]h]cbU` bYYXg+ Chvg VYYb XYgWf]VYX Ug U d`UWY cZ sUVibXUbh `cjY UbX Zf]YbXg\]dt k\YfY everyone is welcome. The team are so grateful for the beautiful flowers given each week by Floral Design House and the delicious homemade cakes baked by members of the congregation. Both WAVE Church and The Challenge Group are very grateful for the practical and prayerful support they receive from the St James Church leadership and the wider congregation. **WAVE for Change** is concentrating on encouraging WAVE-style activities in more communities across FcbXcb UbX ZUfh\Yf UZ]Y`X UbX kYvfY XY`][\hYX hc \UjY h\Y giddcfh cZ <]g\cd MUfU\ Ug cif dUhfcb+ QYvjY spoken at conferences and had articles published, all of which is helping to create a network of people who want to see more vibrant mixed-ability worship and social groups in the heart of their communities. In addition to responsibilities for the monthly Muswell Hill service, Marion is seeking opportunities for, UbX giddcfh]b[) bYk Q;P? =\ifW\ [fcidg+ Chvg jYfm YbWcifU[]b[ h\Uh ]b h\Y dUgh mYUf bYk groups have started in Mill Hill and Darlington and a Café Church in St. Neots. We have created Wave in a Box with practical guidelines, resources and ideas to encourage and support these new groups. If you know a church or group who might be interested, please ask them to contact us (hello@waveforchange.org.uk). r 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. ## 1PQSLYMUbZ ;QUQZ[Y` N\]g a]b]ghfm ]g `YX Vm cif BYUX cZ =\]`XfYbvg G]b]ghfm ;`]WY Q\]hhU_Yf+ M\Y ]g Ugg]ghYX Vm U WcadYhYbh team of volunteers whom we are very thankful for. We are blessed that this year has not been disrupted by restrictions which has helped us get into more of a normal routine. This report will provide you with U [`]adgY ]bhc h\Y =\]`XfYbvg kcf_ h\]g dUgh mYUf+ ## 1PQSLYMUbZ ;QUQ **stry Groups:** **Promiseland (5-11s)** Promiseland is our provision for children who are 5-11 years old. Alice has a team of about ten fabulous leaders. In this group we care about making the kids feel known and loved and teaching the Bible exegetically and creatively. In these sessions, we worship together, listen to one of the team members teach the Bible, play a game, do craft and discuss the passage in small groups. As most of the team serve weekly, they get to know the children really well. There were about 35 children who attended weekly last year. **Promiseland Junior (0-4s)** Promiseland Junior is our provision for children who are 0-4 years old. Alice has a team of about twenty wonderful leaders. In this group, we care about making the children feel loved and cared for really well so that they have a positive experience of church at a young age. We believe that God speaks to us through his Word so each week we teach the Bible to the little ones in 5 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 an age-appropriate way. In these sessions we welcome and play with the children, teach the Bible, sing songs together, and do a craft. There were about 25 children who attended weekly last year. **Promiseland Plus** Promiseland Plus is our provision for children with additional needs. Helen Watts does a great job leading this ministry. She and her team teach the children the Bible and provide them with activities that help the children learn more about God. The team also helps those with additional needs in the mainstream group. **Bumps and Babes** This is our group for parents and carers and their babies. Each week on Wednesday mornings we welcome parents, carers and their babies to our church. The babies have a chance to play, the parents and carers have a chance to chat and we finish each session with some Christian songs and a thought for the day from the Bible. There were about 20 people attending each week last year. ## **Events:** **Michael Tinker Concert** On 3rd March 2022 we had a family show called Mission to Dendros. Michael N]b_Yf) U =\f]gh]Ub W\]`XfYbvg gcb[ kf]hYf UbX aig]W]Ub WUaY hc hYUW\ cif W\]`XfYb the wonderful truth that the whole Bible is about Jesus. The music helped the children appreciate what grace is. Many children from our church attended as well as those from other churches nearby. We had about 45 children attend this show. **Wonder Zone Holiday Club** On 31st August to 2nd September we had a holiday club for the 5-11s. The children learnt about who God is and how exploring science and following him can go hand in hand. They also discovered the wonders of the world and how the God behind all of it wants to get to know them too. We had about 50 children attend this club, and some families joined our church family following it. This was ably supported by a team of volunteers from across the church family. ## **Light Party** On 31st October we had a Light Party for our 4-11s. There was teaching on Daniel and the Lion's Den (Daniel 6:1-28). The children enjoyed food, experiments, craft and games. About 25 children attended. A special thanks to Julia Rank and Lisa Murthen for helping make this happen. ## **Crib Service** The week before Christmas, we had a Crib Service for families. Many children took part in this service in various ways. Many visitors came along to this service and heard the good news about Jesus. This \Ug VYYb U kcbXYfZi` mYUf gYfj]b[ h\Y FcfX U`cb[g]XY h\Y ZUVi`cig _]Xgv team. ## 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 kYvfY `]j]b[ ]b+ Scib[ dYcd`Y \UjY VYYb Vi]`h id ]b Zc``ck]b[ DYgig+ HiaVYfg \UjY ghUV]`]gYX cjYf h\Y year and grown in the younger years. We have been constantly reshaping our groups and structures to continue fulfilling our vision and to better serve families and young people, including focusing 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 parts of our discipleship goal. The Big Weekend 2023 saw over 120 young people and leaders delve into th Y h\YaY cZ AcXvg gcjYfY][bhm UbX ]hg ]adUWh cb YjYfmXUm life today. Numerous young people took huge strides in their faith. Together with St James Kids, the Equip conference ran for its sixth year, reaching around one hundred Scih\ UbX =\]`XfYbvg kcf_Yfg Z rom 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 four years now to work alongside Dave. This year we have not had a Ministry Intern placed in Youth Ministry. 6 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 Even though recruitment has been tough over the past year, we are so grateful to God for an incredible team of leaders he has provided us with. We have high expectations for our teams, who commit to training, praying, and serving within 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 r a ratio that is hard to hit, but important for this deeply relational ministry. Please do pray for our ongoing recruitment. For 2023, 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 gcaYh\]b[ kY kci`X ]XYU``m `]_Y hc Wcbh]biY h\]g mYUf) k]h\ JUfYbh]b[ AcXvg Way 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 s Wf]dhifYg gUm) uOb`Ygg AcX Vi]`Xg \]g \cigY) h\Y kcf_Yfg `UVcif ]b jU]bv+ J`YUgY ^c]b k]h\ ig ]b 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. ## **Support Team** Throughout the year the Support Team continued to offer the best support possible across all ministry areas. In 2022, there were 358 on the electoral roll. Our DBS Administrator, Jean Airey, supervised the administration of 24 DBS checks: 19 for those working with children, 3 for those working with adults and 2 for both. During 2022 there were 3 weddings, 5 infant baptisms, 2 adult baptisms and 6 funerals. The team continued to administer bookings at the Birchwood Centre, where there were four regular weekly bookings. The income from regular and one-off bookings (including the receipts from the Preschool) came to a total of £38,820 Income from bookings for St James Church (not including weddings) was £4,192. ## **St James Primary School** 2022 was another encouraging year for our church Primary School. At the start of the current academic year Annie Moore took over as the new Head of School after Jessica Williams was appointed Head teacher at a school in Hackney. Annie was previously Assistant Head and her appointment provides continuity. In May 2022, we finally had our long-awaited Ofsted inspection, and the school was rated Good. Overall teachers and parents felt that this was a fair assessment, and the school looks forward to the year ahead. The school and the church continue to enjoy a positive relationship with weekly assemblies taken by church staff in addition to visits by the school to St James Church at Harvest, Christmas, Easter and the end of the school year. ## **Evangelism** This year saw the introduction of a new evangelistic course, Hope Explored, which was our first inperson course since the COVID-19 pandemic. Unlike Alpha or Christianity Explored, Hope Explored runs across only three sessions. We have run it twice this year with groups, but the flexibility has meant Mark could also lead it with individuals. He has been encouraged by those who attended, and has seen signs of real spiritual growth as a result. 7 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 The Saturday morning Book Table is now a fixture on the St James Square, opposite the church. Richard Fowler and Nicholas Durden pioneered this work and this year have been joined by a few others. Matt Sellar, a member of The Gathering, in particular, has added some youthfulness and insight from his part time role working with Open Air Campaigners. ## **Pastorates** Pastorates and other small groups continue be central to our life at St James - excluding Focus, we have around 20. They are mostly in-person, and Chris has been working hard to fold new members into the existing groups, as well as starting a new pastorate before Christmas. It might be a good plan to start another new one, in the autumn, for the new members. Pastorates are going to strengthen or start links with World Mission partners, so that each group has a live connection. ## **EcoStJames** a 1IYQUO NVY 5VLbZ 1YMI[QVU EcoStJames is an initiative in its second year at St James. It aims to help us better understand and fulfil our responsibilities toward creation care, both individually and as a church community. This year we have used the EcoChurch survey to assess where we are against five key areas: Worship & Teaching, Buildings, Land, Community Engagement, and Lifestyle. As a result, we have been UkUfXYX U VfcbnY ?Wc=\ifW\ UkUfX+ QYvjY U`kUmg gU]X h\Uh cif fYUg on for using the EcoChurch resources is to identify those areas where we can improve in creation care. It is therefore great to have achieved the EcoChurch bronze status, but is more important that it has helped us consider where to focus next. The EcoChurch materials also recommend churches carry out a carbon footprint assessment, and to encourage individuals to do so too. In 2022 we therefore planned the January launch of the Carbon Footprint Challenge at St James - asking our community to take 15 minutes before Easter to find out what their carbon footprint is. We have also committed, as the EcoStJames group, to carry out a carbon footprint assessment for St James church during this time. We have continued to engage with the community here at St James through our services (most notably at Harvest), the toilet twinning initiative in the church building, organising nature walks to celebrate AcXvg WfYUh]cb ]b h\Y `cWU` UfYU) ]bhfcXiW]b[ U bch]WY VcUfX WUdhif]b[ _Ym ]bZcfaUh]cb UbX idWca]b[ events, and with th Y fY[i`Uf s?Wc Green N]dt ]hYa ]b h\Y kYY_`m W\ifW\ ZUa]`m bYkg+ CZ mcivX `]_Y hc VY ]bjc`jYX ]b h\Y ?WcMhDUaYg hYUa UbX \Y`d d`Ub ZihifY YjYbhg UbX ]b]h]Uh]jYg) h\Yb kY would love to have you join. Please do get in touch with one of the team. _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, Enoch Cheng, Patrick Haines, Anne Rawcliffe, Gerry Rawcliffe, Beth Stone, Hannah Stone, Graham Wright. ## **Deanery Synod Report** The Deanery Synod met twice in 2022 and both meetings were inspiring. In May, there was a presentation about the London Diocese: Compassionate Communities. Its aim was promoting contextual safety and interrupting senior youth violence. This included mentoring opportunities to focus on Transforming Lives for Good, with intervention at primary school age with transition to secondary, and offered training to any church. In October the focus was about mission and racial justice. There are a number of vacancies for governors and trustees in church schools and academies in the Haringey Deanery - so please contact Chris Green if you could offer support in one of these. Schools are unique places where the church and 8 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 local community intersect and the aim is to preserve and develop the distinctive Christian identity of our schools. This is a valuable and stimulating forum and new members are welcome. ## **Church Leadership and Oversight** |**PCC**|| |---|---| |_Incumbent_:|Revd Chris Green(Vicar)| |_Other ministers:_|Revd Mark Murthen (Associate Vicar)| |_Wardens_:|Debbie Wright
Ian Roberts (stood down April
2022)
Paul Mercer (elected April
2022).| |_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:_|| |Andrea Bleakley
Helen Watts
Jo Hutchinson
Jonathan Stone - Honorary Treasurer
Lydia Bartlett
Michael Dufour
Nigel Young - elected April 2022
Richard Brueton|Steve Sexauer
Carolyn Ritchie (Safeguarding Officer, ex-officio)
Gabrielle Moris (Secretary)
Patrick Haines - stood down April 2022
May Mak - stood down April 2022| ## **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 's;J=Gt( ]b ;df]` /-/ 2 (see the 2021 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 (Chair), Mark Murthen, Ian r r Roberts (Churchwarden) stood down April 2022, Paul Mercer (Churchwarden) elected April 2022, Debbie Wright (Churchwarden), Jonathan Stone (Hon Treasurer) and Andrea Bleakley. ## **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, Jonathan Thornton, Gina Titheridge, Tim Bartlett and Alison Tyndall, with the new election of Graham Wright. 9 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 ## **Buildings Committee** The Buildings Committee is responsible for maintaining the Parish church building and all its associated buildings, including staff housing. Its members comprised Chris Law (Chair), Gill Brazier, Ian Roberts (Vice Chair), 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 X]ghf]Vih]cb cZ h\Y Vi`_ cZ h\Y ZibXg gYh Ug]XY Zcf a]gg]cb []j]b[ '.-$ cZ h\Y dUf]g\vg ibfYghf icted donation income is designated for mission giving.) Its members comprised Stephen Booth (Chair), Chris Green, Richard Bird, Deborah Kiwanuka, Gina Titheridge, Esther Sharma, Steve Sexauer and Nicholas Durden, with the new election of Virginia Knox. ## **PCC Activity in 2022** The PCC met in January, March, May, July, September and November. At the Annual Meeting (APCM) in April 2022, it approved the 2021 Annual Report and Financial Statements, and the Financial Budget for 2022. 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. The PCC, Pastorate leaders and staff Heads of Ministry met for a productive Away Day let by Mat Ineson from CPAS. We considered Church life in the aftermath of the Covid restrictions and identified prayer, evangelism and community ministry as the three main priorities for our activity in the year ahead. ## **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 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 2022 was £85,200. ## **Finance** 2022 saw continued generous support from the church members. The church has had a sustainable underlying financial result for the year: whilst there is a deficit for the year of £113,000, this is after a significant but one-off expenditure of £130,000 on the church roof: excluding this one-off expenditure there would have been a small surplus. As at 31 December the church has net assets of £1.3m and over £300,000 in cash & short-term investments. The Finance Committee of St James continues to review the financial structure of the church. ## **Buildings Committee** The Buildings Committee met regularly during the year. As at 31 December 2022, membership consisted of Chris Law (Chair), Ian Roberts (Vice Chair), Gill Brazier, Louise Spalding and Nigel Young. In December, James Lea stood down from the Buildings Committee, with thanks for the enormous contribution he had made to the maintenance and upkeep of the Church and other buildings during his many years of service. Ruth Greenwood was also welcomed as a new member elect to the Buildings Committee. There were two major items in 2022. One was the next phase of the 'Raising the Roof' project (known as Phase 2A), namely to re-roof the north aisle (and the west facing side chapel roof) in line with the quinquennial inspections. We continued with the same valuable and committed team of client lead (Gill Brazier), Architect (Ablett Architects) and contractor (Ashford and Cranbrook) to carry out these works efficiently and effectively. Work started in April and Phase 2A was successfully completed in October (subject only to the usual 6-month retention period that expires on 12 April 2023). The nett cost of Phase 2A is approximately £121,360 (including additional stone works and window repairs) and is covered by 10 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 the available roof funds and the Ruth Luka legacy, with the balance (approximately £17,130) to come out of general reserves. The other was the replacement of the main church boilers. This involved replacement of the existing boilers and flue with new fan assisted condensing boilers and associated equipment, involving the removal of the existing boilers and flue (including asbestos clad piping) and installation of new modern, fully modulating, fan assisted condensing boilers and related works, including new pumps and boiler controls, a plate heat exchanger, heating feed and expansion tanks installed in the existing boiler room and replacement of the gas meter housing. The new boilers have external flues routed through the eastern wall of the boiler room and rising to above head height opposite the back door of the church offices and a small external temperature sensor on the north wall of the side chapel by the corner buttress above the bins in the vicarage car park. The total nett cost is about £52,700, funded from general reserves. Other notable works during the year (funded from the Buildings Committee budget) were: 1. Re-directing the flower kitchen drainage and repairing/replacing the collapsed part of the main foul sewer pipe from the Church Centre. 2. External decoration of the southwest elevation of the Birchwood Centre overlooking the Lower Flat garden and replacing the boiler in the Lower Flat; 3. Refurbishment of 67 St James Lane, involving the replacement of windows in the rear bedroom and bathroom, installation of an additional fan in the bathroom, smoke detectors and new heat alarm and the redecoration of the property throughout, including repairs to skirting boards and cupboards. A large Eucalyptus tree in the rear garden was removed and the front elevation redecorated. 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. Our thanks go to the members of the Buildings Committee for their time, experience, and expertise as well as to Anand Achuthan, Enoch Cheng 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) for keeping the grounds looking so attractive. ## **Church Garden** Under the gentle guidance of Caroline Streets-Law and Viv Roberts, the gardening team worked tirelessly to keep the Easter garden and the beds around church looking beautiful. The small, but committed team who are a cheerful, hard-working group met most months of the year, in all weathers. The team also re-planted the East border, chapel side, after the roof works finished and the scaffolding came down; they made an appeal, had extra support and managed to plant the whole border in a morning! Our thanks, too, to members of the Flower Team who took time and care to decorate the church for major festivals and events. ## **World Mission Group** In 2022 the World Mission Group (WMG) distributed over £64,000 to Mission Partners. This was a slightly lower amount than planned, with £6,500 for visits to overseas Mission Partners and other contingencies remaining unspent at year end. The PCC allocates 10% of unrestricted giving received each year to the charitable giving fund, which the WMG is tasked with distributing. In 2022 the WMG distributed all the funds that it received. The WMG is mindful of the balance in the Charitable Giving Fund and has over-distributed in recent years, but is also unable to fund new Mission Partners without having this reserve at its disposal. 11 ## Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 Two exceptional payments were made to Tearfund to assist with aid work in Afghanistan (£6,000) and Ukraine (£4,000). The maximum amount distributed to individual Mission Partners (or related recipients in combination) in 2022 was £7,500, with 4 long term Mission Partners receiving at least £6,000 (Jane Ingle with Wycliffe, Emmanuel Church in New York, Michael & Emma Kenyon in Cambodia, Pathway). Large organisations we support tend to get half this amount, with A Rocha, Crosslinks and OM all receiving £3,000 each. New recipients in 2022 were Matt Sellar, who is training in street evangelism with OAC Ministries, and a small donation to Alex Williams towards the cost of an overseas mission trip as part of his studies at Oak Hill. We are committed to increasing the number of the World Mission partners, grown from within St James, and are happy to report that the post Covid pipeline is starting to flow well. ## **Safeguarding** The PCC adopted the 2022 Parish Safeguarding Policy Statement and the Safeguarding Audit and Action Plan in May. The outstanding action was completed in January 2022. There were no serious Safeguarding incidents in 2022 that needed to be notified to the Charity Commission. Significant changes in Safeguarding processes during 2022 followed the introduction of the Safer Recruitment and People Management Guidance (2021) and the Learning and Development Framework (2021). The new Safer Recruitment and People Management Guidance revises and extends the processes for recruiting and managing staff and volunteers. An example of a change is that DBS checks must be renewed every three years (rather than five). St James has made progress on the implementing the Guidance but has further work to do in 2023 to become fully compliant. The new Learning and Development Framework reflects a change of focus in the Church, from not just Ybgif]b[ h\Uh MUZY[iUfX]b[ dfcWYggYg UfY ibXYfghccX Vih U`gc Yb[U[]b[ dYcd`Yvg beliefs and values. The aim is for Safeguarding to become integral to the very DNA of the Church, with good safeguarding behaviours flowing naturally and intuitively. The Framework extends the roles that must complete Safeguarding training. Two new courses were introduced and are required for certain roles: Safer Recruitment and People Management, and Raising Awareness of Domestic Abuse. St James made good progress in implementing the new requirements during 2022. During the summer, the London Diocese launched an online Parish Dashboard which tracks Safeguarding compliance. It produces Action Summaries which are tabled at PCC meetings, so that the PCC is kept aware of progress and outstanding actions. ## **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. 12 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 ## **Auditors** Lakin Rose Limited acted as auditors during the year. A resolution for their re-appointment will be put forward at the 2023 APCM, as required by law. On behalf of the PCC Revd Chris Green (Vicar) 11 April 2023 13 Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2022 ## A\TTIY` VN I >IYVKPQIS 1P\YKP 1V\UKQSbZ 4QUIUKQIS @MZWVUZQJQSQ[QMZ. ||| |---|---| |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 PCC)_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 2022** ## **INDEPENDENT AUDITORS’ REPORT TO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Opinion** We have audited the financial statements of Parish Church of St James with St Matthew (the 'charity') for the year ended 31 December 2022 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 2022 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. 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G1$/$5'1?9-$*+$6'5+*5037<$-&'$/8*C';$2'$3A'7-3+3'A$5'C'7?'$5'>*<73-3*7$/1$/$I':$/?A3-$531I$5'9/-'A$-*$ -&'$6*-'7-3/9$531I$*+$+5/?AB$\?5$65*>'A?5'1$-*$5'16*7A$-*$531I1$3A'7-3+3'A$37>9?A'A$-&'$+*99*2373/9$1-/-'0'7-$A31>9*1?5'1$/7A$-'1-37<$-*$1?66*5-37<$A*>?0'7-/-3*7$-*$ /11'11 >*0693/7>'$23-&$65*C313*71$*+$5'9'C/7-$9/21$/7A$5'538'A$/1$&/C37<$/$ A35'>-$'++'>-$*7$-&'$+37/7>3/9$1-/-'0'7-1m - w '7j?3537<$*+$0/7/<'0'7-$>*7>'5737<$/>-?/9$/7A$6*-'7-3/9$93-39/301m - w 6'5+*5037<$/7/9:-3>/9$65*>'A?5'1$-*$3A'7-3+:$/7:$?7?1?/9$*5$?7'M6'>-'A 5'9/-3*71&361$-&/-$0/:$ 37A3>/-'$531I1$*+$0/-'53/9$0311-/-'0'7-$A?'$-*$+5/?Am - w 5'/A37<$037?-'1$*+$0''-37<1$*+$-&*1'$>&/5<'A$23-&$<*C'57/7>'m - w *8-/37'A$/7$?7A'51-/7A37<$*+$65*C313*71$/7A$&'9A$A31>?113*71$23-&$0/7/<'0'7-$-*$?7A'51-/7A$ -&'$8/131$*+$5'>*<73-3*7$*5$7*7J5'>*<73-3*7$*+$65*C313*71m$/7A RO ## %&'()*$+*,'-*$./$01$2&34)$5(1*$01$6&11*45W$6,)54::$;(::$ X4&'$49<4<$@>$A4-43M4'$N?NN ## [\U9G9\U9\D$7]U[DWVS<$V9GWVD$DW$DC9$G44$WX$SD$M7/9S$6[DC$SD$/7DDC96 XWV$DC9$^97V$9\U9U$_K$U949/%9V$YNYY H4W\D[\]9UL - w 37$/AA5'1137<$-&'$531I$*+$+5/?A$-&5*?<&$0/7/<'0'7-$*C'553A'$*+$>*7-5*91;$-'1-37<$-&'$ /665*653/-'7'11$*+$L*?57/9$'7-53'1$/7A$*-&'5$/AL?1-0'7-1m$/11'1137<$2&'-&'5$-&'$L?A<'0'7-1$ 0/A'$37$0/I37<$/>>*?7-37<$'1-30/-'1$/5'$37A3>/-3C'$*+$/$6*-'7-3/9$83/1m$/7A$'C/9?/-37<$-&'$ 8?137'11$5/-3*7/9'$*+$/7:$13<73+3>/7-$-5/71/>-3*71$-&/-$/5'$?7?1?/9$*5$*?-13A'$-&'$7*50/9$>*?51'$ *+$8?137'11B H'$ /91*$ >*00?73>/-'A$ 5'9'C/7-$ 3A'7-3+3'A$ 9/21$ /7A$ 5'9?A37<$37-'57/9$16'>3/931-1;$/7A$5'0/37'A$/9'5-$-*$/7:$37A3>/-3*71$*+$+5/?A$ *5$7*7J>*0693/7>'$23-& 9/21$/7A$5'536-3*7$*+$*?5$5'16*7138393-3'1$+*5$-&'$/?A3-$*+$-&'$+37/7>3/9$1-/-'0'7-1$31$9*>/-'A$*7$-&'$ _37/7>3/9$O'6*5-37<$)*?7>39r1$2'813-'$/-V$222B+5>B*5536-3*7$+*501 6/5-$*+$*?5$/?A3-*51r$5'6*5-B ]0;$+A$+,*$*;F+*2 %&31$5'6*5-$31$0/A'$1*9'9:$-*$-&'$())$0'08'51;$/1$/$8*A:;$37$/>>*5A/7>'$23-&$(/5-$X$*+$-&'$)&/53-3'1$ TG>>*?7-1$/7A$O'6*5-1Y$O'>'6-$*5$/11?0'$5'16*7138393-:$-*$ /7:*7'$*-&'5$-&/7$-&'$())$0'08'51;$/1$/$8*A:;$+*5$*?5$/?A3- 2*5I;$+*5$-&31$5'6*5-;$*5$+*5$-&'$*6373*71$ 2'$&/C'$+*50'AB ## R&(1-$V+0;$R1512;. )&/5-'5'A$G>>*?7-/7-1 ,-/-?-*5:$G?A3-*51 `313*7$(/5I P31-*7 )/0853A<' )DEX$ag^ > ]/-'V$ 18 April 2023 RP ## Parish Church of St James with St Matthew, Muswell Hill Statement of Financial activities for the year ended 31 December 2022 19 Parish Church of St James with St Matthew, Muswell Hill Balance sheet as at 31 December 2022 2022 Property Othtr Fu F￿1 •021 Proptrty Othtr Fulld Total Totsi Fulldy FLXED ASSETS TZn9b1ef￿edas5ets 1,019.078 93276 1.Il*aS4 I,IH5,114 46.408 1,091.522 CLTRREI%ry ASSE73 Dtbtor5 Ca51LatbankanduJlw 30,814 30i.424 30*14 30?,4:4 11161 430.462 LL4BILTriES..4￿1olTrTs F.4LLLYG DIT Of4T ITAR 7_6421 {149Jl 147.620) 1109.4951 TT CtlliRENT ASSETS 61.875 248.596 186.7?J 311842 320,967 ASSETS 957ll03 341.872 1299.075 983139 429J50 1_411489 Utjrestiicted Re5ttLCted 957203 319,784 1276,987 22,088 9832)9 373238 56.012 1,356,477 56,012 341.872 99,075 983 2)9 129 50 l 412489 Apwl'edtythe FCC on 11 Apn12023, Signed onit5 be1￿￿by. Re%'dCFrtLS GreenlChBrfI JotknStone(H•noruyTre4sure4 The notes OnPLge5 21 to 26fotmp4rt ofthese ftiUt￿ st£tema)ts. 20 Parish Church of St James with St Matthew, Muswell Hill 2022 Cash flow statement Statement ol cash thow5 Table I 2022 2021 Note Cash IIow51rom operating activitie5'. Net C￿Sh provided by lused in J operating octivities Cash flowsfrom Investlng3dlvltles.' Dividend5. interest and rents from inve5tment5 Proceed5 fromthe sale of property. plant and equipment Purchase of property. plant8nd equiptnent proceeds from gale ol invegtmèntg Purchase ol Investments Net Cushprovidedby (usedin l investrry octrvities (ash flowsfrom flnanclThgacti￿t1e Re ments of borrowin Cash Inflowsfrom new borrowin Receipt of endowment (s3.(￿8) 174.339 (Table 2belowl 30,7f 23.934 160,5891 142.8521 129.829 118.918 Net ￿&h￿rOwidedbV lused1nlfinoncir￿￿t1v1t1ES Ch17ng¢ in ¢gsh gnd¢q$h equivqknts in the rwthngp•riod 1112,8771 &4 Cash and ¢a5h equivalents at the bezinninz ol the reportinK period Cash and cash equivalents due to ex¢hanEe rate movements Caffh aj5d￿l￿ •qurvtrl•nts ut tht endolthe rtportiryperiod 418,301 261&80 305.4211 4W301 (Table 3 below) R•conciliation ol That rnov•rn•Tht to n•t cash fflowxlrorn op•rnting activiti•x Table 2 )22 2021 N*t mavemti¥txrtfvffdsfv thtr*portiryp•riod(4U Ptr th* stotemefrjt oAllfrJunclt71 ￿tIvrtIesl Ad'ustment for= 1113,4141 39.757 130,7601 48.865 123,9341 Dividends, inter&5t and rents from inv@5tm@nt5 Loss/lprofitl on the sèle of fixed assets Ilncreasel/de£rease In stocks 118.653 40.022 181.0481 75A64 24.455 174339 N•t cathprDvId￿bY luztdinl openrtrry octrviti An*ly*iX 61 e*£h *rtd e**h *guiv*l•rttA Table 3 22 2021 Cash in hand 220,267 85,157 341496 75,805 Overdraft facility repayable on demand Total cash and cash equivalent5 305.424 418.301 21 ## Parish Church of St James with St Matthew, Muswell Hill Notes to the 2022 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 MhUhYaYbh cZ LYWcaaYbXYX JfUWh]WY 'MILJ( s;WWcibh]b[ and Reporting by Charities SORP (FRS 102 (t 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. ## _**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, and the land surrounding both these buildings and the Vicarage. 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 (i) market values estimated in 1998 or (ii) for those properties bought subsequently, at cost. The value of property held at the time was 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 the cost and effort of obtaining appropriate valuations outweigh the presentational and other benefits of formally revaluing such properties. 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, would be 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**_ Equipment purchased and used within Parish premises is depreciated on a straight-line basis over 5 or 10 years, based on estimated useful life. 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. The Birchwood Memorial Hall is the subject of a separate trust dating back to the early 1900s, held by a Diocesan body on behalf of the PCC. As no reliable cost information is available, and conventional valuation methods lack sufficient reliability and would involve cost which far outweigh the benefit that such a valuation could provide in the circumstances, no valuation is provided for this property in these financial statements. 22 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2022 Financial Statements ¥COME.4LYDiNT￿V￿lll¥TS FROU.. .41¥.4LlStS Bl FU Lnre4trl¢¢od Re4¢rl¢¢ 405,733 LOI.871 i6.3",6 3,8q3 14.364 i8:.197 4,262 1.065 l.i40 ,361 48.971 i8.199 409,995 10:.936 i7.916 14 63.335 640J96 470,587 jj.37j 5erntt¢¢ CoU&tst)A8 850 693.li8 1.027 43.013 30,17 43.013 30,175 19.078 23,4 1.94", Rwt ?4.91: 74.91: 58% -113 8,698 585 28.113 28,698 534 14.8 j7 15,391 TOT.4L INCO&lll¥CBISOiQ¢CIS 635 807 744,￿6 2(&)- OthÈf Illcott￿ trL 2022 (:0:l)eornprI￿d￿1tOIV r*f Ckntianitv Explor￿ for Jtltf £9.636 {L.,(40). Emplo&it￿￿t.￿IWF4Zth £5,0001£4,0001. Bth>kthop 5aie5 itt¢Ome £3,5".2 1£1,8011. It￿ from NqittistTr xt11itiÈs £3,4",; 1£., o}. .4￿.4LYs￿ BI FtryD TOT.4L FiryDS .45 restated S(dJ Gto I1￿0￿￿y1udCba[lt￿bI•￿￿ 10 bdLnV)- 3).474 30,628 66.10: 34.060 25,q30 59.590 817 6.150 31,485 72.'.32 SOSJ to Chv¢* 85. 06.￿)9 L9".,696 7.147 85. 106.41 328,132 7.147 31.:48 658 136 85. 233.iS6 St3ff cDJt 130,436 C051sof Other xtiirytie 10.304 30,816 87,390 30.816 87,390 446 3).627 staff and kn>" a￿tance ¢￿tI BaukcbaT4 149 103.898 IIS.6_- 3(d) 4.500 TOT.4L RESOitRCES LSID 689.606 16;.814 857,420 3(1). Churthwoptrt> exF¢A￿{R￿trt¢t￿)t￿¢¥ets¢l the ex*M>es relatedto the Itat$i￿ tbeRth)f Project Pha* 14. 23 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2022 Financial Statements STAFF.INDRELiTED COSTS oiheremFIvyrntrelat•4£ostsfor bknotborduss3ndtF￿ee￿I+Wll1fi areufoll(m.' •Q2• 11'3TrJ Iraioin4 •lc) 41,401 14,668 5,401 76.301 337.774 256J31 liJ90 per￿0￿ c0313 66.075 338.870 A¢tiwti#4Sr*tlyteIati￿ to thé of tbethw¢b Chwch aAda&uiaulAlwn io 0fth￿ ernployu: e3rnedtl￿e than£60.0￿ ill the?wr. EmploNeqsafe aPP￿tal0￿MetitaQdIrtp￿dJ11a(ie$cO￿Tl￿￿a1eWit￿fwts￿'tt￿Oll xalej afteT&*Teviewby d￿￿￿tedmallbèrsof L￿Fee. No eieetédm•Thb#Jof thèECcWerè3l￿ erThploWeotttr￿) &brttig"IL2 NOS￿￿"WI1pItdtO ECCmétstheAwho aljo èmplO>teJcotrtrn￿s.. for 0.1. The fDllLArtng tr3rnactiaBirereuadertknwithPCCfnerknorrei*edp3ts3, all fJ4wès3retnclDsiveofi'AT if appIl￿b￿. • Theelttgs manbea of t￿5cC￿￿e?r0lld*d allor￿c* towijt wtthpaNn*ntofuttIt"tyb￿j: deatury.. gardèAw4b ete. The&noJtttsfor Q_ .Ll follows.. Chn5 Green- £5996 £4.4)",:.IIAtkNILYthèn- L.￿, £1.611. ThèPCCm*mb*yreeèii*ftor¥nJJnèr*ioA*xctFtaJ outlin￿abO1.• 24 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2022 Financial Statements FLITD.4SSETS FOR USE BY THE PCC LaDd and buildiDgJ Fre*ho]d Le￿*￿0]d lotor Tohicl Totsl bookya At l 2022 AdditiOll8 506.930 794.387 217.063 60.589 IA18A80 At 31 Detérnbor O." 506.930 794.S87 IS79A69 At l 2022 ￿￿ge lors*3r 148,29.- 10.138 108.4Q8 15.898 13.7: 39.757 At 31 D￿￿[￿1*[ 022 15S.433 184.3", 6 467,115 At 31 Decwnber'021 358,631 686,479 46,408 At 31 Decetnkr 022 348.497 670.5SI 93_)76 1.114 J54 A* at31 D4¢4tthtr2022 th4fr4"LkntibleGik ,088 .834 30£.4:4 i6,012 j3.716 418.301 LL4BILtTIES.. AMOUYTS FALILYGDLT IITfHtNO)T TrTAR 202: 46 79.396 61.8-. 5 9.461 3S.159 61.S75 1fj9.49i oth￿ creditu LVao.PToprtyF￿j at 31 D<¢&tbÈr 02.. thecLYY&tt1tthlitiègti￿￿edt￿*wtht>IOanof£61.V£frQnlehWQb￿Wrnbe￿.fttthèPU￿kx*0flI1￿,O)￿i& Therepa)w&swawtUbeba•2donnwittptsir< 1tr*sateprtteedsorttwlptvaI￿vl1hlF¢ rekn7ALyTr¥I3ie'.Thefekn"￿Iprnty 25 Parish Church of St James with St Matthew, Muswell Hill Notes to the 2022 Financial Statements TheUllrÉknkn4fuThlstnuJeuL&O':catrwL￿dlh2Gtt1￿d￿"*[weFMd.￿ItDWhlc￿t￿1nlJ￿￿￿Oflh2P3athlulCom2￿pI￿ea: CharitkbleGl￿in￿.. lhECapiklFDnd￿dtPap￿wNF￿natO￿.h1Ckfi￿th1rèthiUa￿t4d￿u￿i￿G*ntT1IRe1￿￿tFu￿b>' IhoPCC. findedby tr￿ferna￿ IIPhof {a)). TheCapits[FW￿lJ￿edt0JetISId?￿whtC￿1Teel￿ll1d￿fvrYPEc1fiCcapItaPrl￿￿b..S￿hIs￿S￿fi￿A1Chl￿hbthll￿fl￿t£fepaT. L1Jorewpm￿1pL1Ehae￿dr4fDIblthTh￿1E0dUrcti￿bul1￿A1s1tst Jamel. 0ihen5uen0t￿￿5ted1nprIw￿.'1[ele￿ItvtkG*￿A[Fw￿0n1n￿1￿Sifr￿knl￿..41aI ￿.0" thetsdbaiancer4reJfftb I￿n* Imeli lot￿ref &Dmoth¥firthio Ihobkntht*ofStJam4J. There*xtrdfUd¥Coryll￿t￿Sp￿￿CoIi2£1IaBF￿1a.F1￿Ith&￿￿tedfuVC1aCF￿y¥C￿3Wwje￿l1JsWtifi￿d6yt￿￿￿lry￿e Ni¥EtShdtkrFDnd Il'itht￿4K￿bn0ftheFr*YF￿ ifr*JJJetsaudhabililtuofeXbofiFttefithareL+*>2watelsthtwg￿h￿. io GR&NTS .4s ￿￿tated Unrtstrltted Rtttrltted (Sp¢fiil Totsl L.Atestrleted Resttkted (Swill Co]]eftiollil Tot*i O¥erieiJChuvch Illdehvitios CambDth, Ste￿￿&p.E￿rna&.xf1ttbAKellY 3.&)5 164 647 6.701 6,5tN) 5059 117 67￿) 6.51y) DEC.UkTa￿e.4pp1[ EsSen￿t￿t]art.H￿Ltt￿ HvDw>', Crossh￿. tsknrdT4 lith.. Crossbth.FotreTorrt Itaty.er055ith. JP& s.4r￿a TEIrfiMd..4fgb￿ts￿ReJ1ef TtatfjJlld.UknilleReltef 85., 6.5L4) 6.iw 6.540 6540 73 40.747 19 tk llLiiiiOnS ud 50¢ittiti .1wu￿ Lthda&LwFri Cr0551mks 4.5 4.5C IlltErsB￿.e, IlartMHick o￿a￿v￿￿10b]h5aIioll tthew Sell Pat￿.￿Y LCCF,PhthpFHChMbet5 ".IIE lorcb Other£l.(th)orw 530 JI,4L4 24. Totllcknt￿FW￿￿t 53,741 5149 59J90 ttom"b￿￿tth]tsI trdèrNottilb)..4t￿I1￿tsts￿Ety fÈlAtirte to theM"Drk"OfthteJnuth.Thigbasi￿ dortè iokttettEfitci thÈtn]e0at￿èo[2Ct1i7tts1b11tfI .4xDrthllgiy. w?ThrRoDfkndwsesofL'I.6)OhasI￿ll tths&d Uthch￿ch￿Op￿W5aud0thEr￿StsICIedfill￿￿5t0t￿nE £IOJ04 been re￿￿￿e￿ under Not¢J(bl. 26