Parish Church of St James with St Matthew St James's Lane Muswell Hill London N103DB Reg. charity 1134716 Annual Report and Financial Statements for the year ended 31 December 2025 Incumbent: The Reverend Chris Green Statutory auditors: Lakin Rose Limited Chartered Accountants Cambridge CB3 OQH
Parish Church of Stjames with St Matthew. Muswell Hill Year ended 31 December 2025 Pages Statement Description Describes the activities of the PCC and related committees with partitular attention to the financial activitie5 of the Parish. This summarises the financial responsibilities of Parochial Church Councils. 3-17 Annual Report 18 summary of a PCC'S Financial Responsibilities Where the auditors give their opinio on these financial statements. in particular. whether they comply with the various accounting rules and regulations applicable to the Parish. This summari5e5 the income and expenditure of the Parish. across all its fund5, *or the year 2025. This sets out the Parish's various assets and liabilities at that date. Thts 5ummarises the cash flow generated and utili5ed by various activities during the period. These provide additional detail on key elements of the Statement of Financi31 Artivities and Balance Sheet. 19-22 Independent Auditors. Report 23 Statement of Financial Activtties for 2025 24 Balance Sheet as at 31 December 2025 25 Cash flow statement for 2025 26-30 Notes to the Financial Statements
Parish Church of Stjames with St Matthew, Muswell Hill Year ended 31 December 2025 Back round Over311, I think this has been another positive year for St James. The church family is continuinE to grow in numbers. including some brand-new Christians. We are especially grateful for God sendrng us new young adults. 8.00 Still regularly attracts 10-15 people. continuing to attract a widening pool of people coming, and slightly less every-week attendance. 10.30 is visibly getting larger. and you may have noticed additional chairs being put out as the service progresses. A significant pressure point therefore remains keeping safe ratios for Children and Youth provision in a context of growth. and therefore the need to recruit additional leaders. Adding Chairs in church is easy- adding new team members is not. Wilson is Still covering both Kids and Youth leadership. but he is at the Birchwood during the morning seNice as Younger Youth has outgrown the vicarage. We don't want to have to turn a new family away because we don't have a large enough team. l am enormously grateful to those of you who serve our children and young people. week by week. I know you are crying out for a new children's minister- make sure you're crying out to God for that onel The Gathering is also seeing new faces. The age range is broad, but thè growth points continue around Older Youth and Young Adults, and that 5et5 the default as a younger and single lor married without children) vibe. 15aid last year that this needs to set the agenda for our teachin& and we have deliberately taken The Gathering through Mark's Gospel. and Philippians_ Note.. expect to hear that The Gathering will be reverting to the n3mÈ The 6, to match what we Say about the other services, and the time they meet. IYS a cosmetic change. Staffing. We've been sad to lose Jean from the office but are thrilled that Michelle Hore has joined us on the admin side. As above, we are actively recruiting for the Children's Minister post. And Anando Mukerjee has Comè on board with a flourish! It's wonderful to have Such an experienced evangelist and gifted musician with us. Evangelism. We held a Mission Week, June 28- July 6. and were greatly helped by our visiting evangelists Roger Simpson and Warren Furman. Plans changed at the very last minute whèn GlÈn Scrivener. our speaker for the opening weekend, was involved in a car crash, but God was kind to him and u5. We are repeating the pattern this year but changing the dates to run to Easter. No visiting speakers thi5 time, but we'll repeat the idea of weekday lunchtime talks. which went so well.
Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2025 Christmas We alway5 do Christmas. of course. and doing everything requi5 a vast number of volunteers giving hours of time thank you. Each of the main carol sèrvices IcontÈmpor3ry and traditionall was significantly higher in 3ttendancÈ, and the 4_30 was probably the larEest service of any kind since I arrived. WÈ are already thinking about how to squeeze a few more chairs in for next year. Everyone So once again, everything that happens at St James needs multiple teams to make them occur. whether it's the committees responsible for finance. buildings and world mission, the kids, youth, or older members groups. all the communities ministrie5, the music, the buildings. safeguardin& first aid the list 15 endle55. Children's team you've been heroic. under Wilson's temporary oversight. Gardening team - you've put up with endless vandalism and destruction. Thank you for making our grounds so beautiful. nonetheless. Wider ¢on¢erns Our denomination continues its internal difficulties. Historic safeguarding issues have dogged both the Archblshop of York and the incoming Archbishop of Canterbury. I think we keep praying for more light and truth here. because concealment and reputation-management can only harm the gospel. Bishop Sarah's appointment mearhs there is a critical vacancy for the Bishop of London. and it would be great to have someone gospel-hearted with a passion for evangelism and church planting in that role. And we have ongoinE battles over identity and sexuality. General Synod has accepted the House of Bishops, recommendation to draw a lirhe under the Living in Love ond Ft7ith discussions. but also to press ahead with further discussions and proposals. So the various issues around sexuality will continue to dominate the agenda and make the election5 for a new General Synod critically irnportant. 1 re31isÈ that, like any church, St Jarnes contains a range of views. However. Mark and I remain of the view that the biblical tradition St James holds as central requires us to maintain that the only place God has promised to bless sexual relationships Ès within malelfemale marriage. I'll happily talk that position through with any of our members. I want to keep St james in line with a wide range of similarly-minded evangelic31 and Catholic churches htt alli3ncecofe.or I who do not want the position on human sexuality to ch3rhgÈ. Our PCC is monitoring developments closely and discussing our differences with care. That Alliance, and the Church of England Evangelical Council. continue to hold discussions about whether there should be any structural realignment within the denomination, and if so when, and of what form. I know my view represents the historic position of St James, and that is the postiion I promised to phold at my ordination, and again when I became your vicar. Globally. there has already been a major realignment, with a large proportion of the Anglican Communion trying to reset the agenda of gospel partnership. This is under the leadership of the Global Anglican Futures Conference IGAFCONI of which l am a trustee. Chil5
Parish Church of Stjames with St Matthew, Muswell Hill Year ended 31 December 2025 Preachin Series Over 2025 the Word of God was opened and preached across the three Sunday services. A variety of different books and genres were preached on, addressing several different topics. At both the 10.'30 service and The Gathering16pml. we started the year with a topical series c311ed 'True North- designing a lrfe that reflect5 our deepest purposes- and considered our life priorities, loving God with our minds. bodies. serving God with our money and work. amongst other tOPiC5. Over Lent we walked slowly through "the Lord's Prayerf. to help us in our personal and corporate prayer lives. Our"Ignition" series took us through Acts 10 and 11 to prepare us for our summer mission. The summer was given over to the letter of l John- again at both services. In the Autumn, the 10:30 congregation land preachers!) were challenged by the second half of the prophetic book of Daniel. The Gatherirkg however went back to ba5iC5 and had an overview of Mark's gospel. Over Advent both 5ervice5 looked at the different songs found in the gospels.. The Magnificat, The BenedictU5 and the Nunc Dimmitis. At the 8am communion, in addition to the BCP lectionary. we also covered Mark's gospel in Iwo halves. "When jesus Met.... was the name of our whole year All Age Series as we considered. from Luke's gospel. different encounters Jesus had. In February this service was led by the WAVE team. which was a delight for all present. We are thankful for all who have given their time to preparing and bringing God's Word to bear on our lives across the different seices. ècial Events There was an opportunity to join one of three evangelistic courses in 2025= 'Christianitv Explored. starting in January, 'Hope Explored. in April and 'Alpha' in September. Chris also ran a course called 'SHAPE'. about discovering our personal ministry gifts and Taking the Plunge., looking at options for full or part-time Christian work. On 15 March. we followed up our hugely successful overview ofthe Old Testament. with 'Walk Through the New Testament.. In an engaging and interartive way, Paul Keeys helped us to see God's Word through the'Big Picture,. 'An Evening wrth Henry Olonga. on Saturday 14 June held us transfixed by Henry's candid testimony and powerful Gospel message. Roger Simpson was our guest speaker at a Men's Breakfast on 5 July,. and another breakfast in the Autumn allowed fof biblical thought about Al. and what part it could and should play in a Christian's life. Two events in the Summer gève us the opportunity for fellowship outside.. our annual Hog Roast in the Vicarage garden and a farrhily picrkic irh Highgate Wood5. Finally, on 20 September. james Carey delighted us with 'God. the Bible and Everything., a 60-minute comedy sketch in which the whole bible is unpacked in a humorous and intricate way.
Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2025 Music Minist and The Gatherin Thank God for Our Audiovisual IAVI Teams and Musicians We praise God for our faithful AV teams and musicians who serve week in and week out, making it possible for the Word of God to be both heard and seen. We are very 8rateful that the Lord has provided new TThembefs this year for iMJth the audio and display teams, as well as a few new musicians. Sadly. however. we have had to say goodbye to some long-standing members of St James Jean Airey. Freddie Notter and Nathan Sh3w- who were so involved in many different areas of church life. We have also had to say goodbye to Odoro and his family. who, although new, were deeply involved and will be greatly missed. It has been a real joy to welcome Alvin. Dan. and Kyu onto the sound team. as well as Mark. Joseph. and Adam onto the band for the 10:30am and 6pm services. Serving Together Beyond Our Church It Was 31$0 a joy to serve alongside musicians from our own church and from other churches at The Big Weekend. It wa5 a great encouragement to serve together and worship as one. We also held a Joint Prayer Service in November which included several churches- it was great to sing together and prayer together. Growing Involvement from Our Young People Our teenagers are getting increasingly involved in the evening service on the technical side. We also started a youth band practice on Fridays. which met several times this past year. There are some exciting plans in place for both our younger and older youth bands this coming year. as we seek to grow this area further. Praise & Prayer Evenings Our monthly Praise and Prayer evenings have been a real joy. Even when numbers are small and it can be disheartening. our people consistently leave encouraged and reminded of the truths we sing together. and they carry them with them in the week. Gathering Day Away and Church Family Life The Gathering Day Away was 3 wonderful time. Forty-five of us from the evening service met at Oak Hill College. where we heard two talks (prepped by Wilson and Enoch), sang together, and spent time growing both in God'5 Word and in our relation5hÈps with one another. We have also been meeting each month for a bring-and-share meal after the services. These times have been a great way ol growing closer as a church family and encouraging one another to keep following and holding on to Christ. A Joyful December We thank God for a choir of 56 people who sang and retold the Christmas message of Christ, accompanied by the Metropolitan Brass Band. God provided a wonderful team Graham. who worked so hard in prepping and liaising with all the choir rehearsals and parts for the band. Caroline
Parish Church of Stjames with St Matthew. Muswell Hill Year ended 31 December 2025 with her help in rehearsals, Andre for his conducting skills and Anando with his voice and passion for the Gospel to be proclaimed - were all crucial in making traditional carols a special night. Across the two services. over l.OCM) people came through our doors to hear the gospel pfoclaimed. Our Contemporary Carols seNice also grew significantly, from 145 to 265 people and it was a joy seeing $0 many new faces and family's beginning to come through. It was wonderful to sing even more carols at the Crib servi. Debbie and Wilson did 3 stunning job of putting that together. a wonderful fresh take on the nativity story with the teens and young adults. Praise God for their efforts and the rnusicians and tech involved. Thank God for our Technical and Media Support volunteers. Michael, Andy and Stephen have been a real joy to serve with, particularly with stage set-up. audio advice and general maintenance. Christiane, Hannah. Naomi and Kiran are such a gift to St James.. we are grateful for their many hours of behind-the-scenes work on ProPresenter/Proclaim and on design. We would struÉgle greatly without all the help. and we praise God for them. Cornrnuni Minist Ellie is delighted to be back full-timè as Head of Community Ministries and would like to thank her colleagues, church family, and volunteers for sustaining our work during her absence. James Place- Monda ht Meal Our weekly Monday Night Meal at Jame5 Place continues to be a beacon of hospitality and community, welcoming all to a warm and friendly environment. Each week. we serve a nutritlQU5 main meal, dessert, and refreshments to an average of 40 guests from dwerse backgrounds, including families. groups of friends. individuals, and lotal workers. This ministry provide5 a vital opportunity for connection and community-building. offering a relaxed atmosphere where gue5t5 can feel valued and cared for. It is also a key outreach point. allowing us to invitè guests to other church events. such as Christianity Explored and church services. We are so grateful for our dedicated volunteers and the generosity of our food donors, COOK and Dunn5 Bakery. who help make this ministry possible. Communi Café Our Community Café continues to thrive. wèlcoming around 30 Euests from across Muswell Hill and beyond. We are grateful to Dunns Bakery again for donating sweet treats. which complement our refreshments and add to the warm atmosphere. A highlight of our cafe is hosting our'super Soup Makers,. a group for adults with additional needs based in Barnet and students from Tree House Special School. Together they prepare and serve delicious soup to our guests, promoting inclusivity and community spirit. Each session includes our Thought for the Day. Bible verse and prayer. Ellie has also adopted into this prayer requests from those who attend. Stephen Steppings (her blind friendl, a church family member. also likes to share the word each month. It 1$ 3 joy to rijn the cafe, seeing lives enriched through friendship and communrty.
Parish Church of Stjames with St Matthew, Muswell Hill Year ended 31 December 2025 Tea Time Tea Time for seniors continues to grow in numbers_ We reach at least 40 people each week. Gill Brazier. our amazing volunteer. organises the rotas and programmes with her team. Ellie works c105ely with the local Social Prescriber based in several of Muswell Hill GP practices. Diane Doody. Oiane has found thi5 group ideal to signpost seniors who are refeired to her. This coming year Tea Time celebrate5 Its 40th anniversaryl Ellie has invited our Local Councillors and the Lord Mayor of Haringey to join the celebrations. Home & Hos ital Visits Regular home visits and phone calls remain a vital part of Ellie's ministry. connecting with friends from the community and church family. These one-to-one interattions provide opportunities for people to share openly. receive support. and experience God's love. Whether tt's a listenrng ear, help with shopping. or prayer. Ellie is grateful to serve in thi5 way. Demorhstrating Christ's care and compassion, these visits often lead to deeper relationshi and spiritual conversations. WAVE: We're All Valued E uall .those parts of the body thot seem to be weaker ore indispensoble I Corinthions 12..22 WAVE Church la Fresh Expression of St. James) continues to be a vibrant and welcoming community, where adults with and without learning disabilitiès enjoy growing in faith and friendship to@ether. Approximately 40 of u5 meet at 4pm on the second SLtnday of each month (apart from August) at the Methodist Church in Muswell Hill. Our mixed-ability team plan and run relaxed. inclusive services where we learn more about the love of Jesus. using accessible lanEuaEe. M3katon signed singing. interactive teaching and prayers. Across thi5 past year we were excited to welcome 18 visitor5 from around the country. who were interested in experiencing or replicating worship meetings where people of all abilities contribute (doing thing5 Wlth and not for each other) and feel equally valued. WAVE Church style groups are being established across the UK and in November a team from Muswell Hill went to Haywards Heath to support the local team there as they held their first service. We also enjoyed leading morning services at both St James and the Methodist Church. with the opportunity to share our vibrant style of mixed-ability worship with a wider group. We are grateful for the safeguarding and prayer support provided by St. James. that enables WAVE Church to remain a place of Safety and comfort for those of us who regularly come each month and those who pop in occasionally when in need of encouragement and reassurance of God's love for them. We are also grateful for answers to prayer for new team members who bring enthusiasm and in particular support us with our music and art$ artivities.
Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2025 In this coming year we pray that.. Our current back to basics Why we do what we do as Chri5tian5?' theme will deepen understanding and ignite enthusiasm among our member5 for WORSHIP in all its form5 Our faithful mixed ability team will feel energized and that each member will be refreshed in We receive wisdom around how we respond to the challenging need5 Some of our member5 and visitors are facing God will provide even more opportunities to share the blessings of mixed ability worship more widely, as part of wave-for-change.org.uk. Children's and Youth Minist The children's ministry said goodbye to Alice Shaw, who joined a5 the under 5.5 minaster, and became Head of Children's Ministry through COVID. She will be missed but has been ably and faithfully covered by Helen Notter in "Promi5eland~ Julia Rank in "Promiseland Juniort. and Zara ChenB in 0-2's. Susie Huntington has also ably led on the renamed "Bumps and Babies" midweek ministry. "Word on the Hill" has grown and restarted teaching a Bible oveNiew focussing on God's promises on Thursdays. wonderfully supported by Pathway. We await a new Children's Minister to continue the vital work of teaching and reaching children with the Gospel. Youth ministry has lots to give thank5 for this year. ITBWI The Big Weekend" has been running for ten years, and has welcomed new churches in close proximity. This has led to fruitful outreach. and Christian Union's started in schools. We pray for mo. as well as a healthy rnnning and growth of this collective of youth ministries in North London. Wednesday and Thursday Bible Studies were restarted this year in Galatians, continued onto -Big Questions~ and are starting 3"K3leidoscope~ series on Relationships. A Football team was also started in the local community. Friday youth club has grown in numbers and has been guided by the church calendar and the young people in covering the creeds and their questions. Sundays have had teaching on l Thessalonians, ~People Jesu5 met,~ and a Bible overview. The church has hosted 2 Eco church events as well as half a dozen Youth bands and continLsed to attend Sorted. Youth served at the holiday club on Joseph as well as at the crib service and in outreach for Christmas. Youth have continued serving with the restart of James. Place, and have joined with BÈSOM, Wave, Music, Promiseland. PU, Sound. Leadin& Reading and Welcotne. The church has also taken assemblies and run sessions with pupils at Fortismere, Blanche Nevile, Our Lady of Muswell, and St james's Primary. TheWve also had some incredible opportunities for socials to grow closer in fellowship and invite friends in. This has included fireworks and youth fests in North Finchley, worship nights, trip5 to ice skating, Thorpe Park, bowling. the park, supporting friend5 at the theatre, and baking, craft and FIFA tournaments. This has been helpful for them to see God's glory in creation and through their giftings arhd passions.
Parish Church of St James with St Matthew. Muswell Hill Year ended 31 December 2025 Con5iStent. servant hearted, and faithful volunteers helped the youth of the chLErch continue to hear from God's word. More parents joined ihe team. and while 8 have moved on from the team lon great terms), they've been replaced by 7. and ministries have been able to continue. Without volunteers, this ministry cannot legally or healthily function. and with more volunteers, this ministry could reap a harvest- so one of our prayers is that the church works together for growth now. Youth have been safegvarded helpfully and responsib and look forward to continue working closely across ministry areas. There have been a number of young people being baptised as a result of faithful evangelism and discipleship from parents. friends and leaders. and through schools. outreach. and online discipleship. We give continued thanks for answered Pfayers for these young people and familie5 joining the church. as well as the families already on the electoral roll to grow in their belonging. and that they share Christ with their friends arsd continue in their service ol Him into adulthood. As a large group has graduated, and more are added to our number, our focus shifts from "belonging" and now onto the church value of -grow_- Women's Minist The empha515 in Women's ministry is about enablin& encouraging and supporting one another in developing and deepening 3 relationship with God. our Lord and SavK)ur. It typically involve5 Studying the Bible together- prayer- mentoring.. discipleship.. retreat. conferences. and outreach. Events On Saturday 15 February, there was an informal coffee morning at The M05sy Well.. a chance to connect and pray together. A group of around 20 women were led by a Guide from the One Truth Project on a tour of the British Museum on Saturday 5 April. They finished in the British Library where they looked at the collection of ancient Scriptures. Together they discovered fascinating artefacts that brought Biblical history to life. Debbiè Wright led a morning of Contemplative Prayer in the side chapel, ahead of Holv Week. On the evening of 5 June. a craft evening was held in local studios- a small group enjoyed creating beautiful batik tote bags over light conversation. A coffee and desserts evening on 3 July provided another opportunity for fellowship. Two members were invrted to share their testimonies. and there was a short talk on why Jesus matters. The year finished with an Evening of Festive Fun. organised by Ellie Lyon, providing a delightful time of seasonal cheer. io
Parish Church of St James with St Matthew, Mu5well Hill Year ended 31 December 2025 Women's Focuslpastorate FOCUS is a weekly bible study group for women of all ages which aim5 to grow our love of God by reading His word and playing together as well as building friendships and encouraging one another in our faith. FOCUS meets on a Thursday morning and has three groups that meet in the church building. and one other Eroup that meets online. Women's discipleship One-to-ones and prayer ministry continue. ort Team Throughout the yeaf. the Supporr Team continued to offer the best support possible across all ministry areas. In 2025, there wÈrÈ 272 on the electoral roll. Our DBS Administrator. Jean Airey. supervised the administration of 35 DBS check5.. 25 for those working with children. 3 for those working with adults and 7 for both, before passing her duty onto our newest member of staff. Michelle Hore. The Staff Team would like to put on record our thanks forjean's long-term service to the church and to the staff team, and we wish her and her family a great start to their new Iwes in Nottingham. During 2025 there were 4 weddings, 4 infant bapt15ms. 13 baptisms of young people. 2 of adults and 5 funerals. The team continued to administer bookings at the Birchwood Centre. where there were 8 regular weekly bookings_ The income from regular and one-off bookings (including the receipts from the Pre5chooll came to a total of £43.103. Income from bookings for St Jame5 Church Inot including weddinE51 was £14,194. The Support Team would also like to thank a number of volunteers for their help in 2025.. KK Law, Anne-M3rie Hylton. Gill and John Brazier. Eloise Tagholm-child. and Mary Anne Child. 5t James Prima School We are thankful for the ongotng partnership with St James. our church primary school. Chris, Mark and Wilson continue to lead weekly collertive worship using the Picture News resource- and this vear Anando joined the team. These assemblies help to create stronger IiT)ks between church and school. It is always a pleasure to welcome pupils into church for Harvest. Christmas, Easter and the end-of-year seNice. and this year wè had the introduction of a band made of up from parents of school pupils who are pra(t15ing Christian5. The church. working alongside Pathway. runs Word on thè Hill as a weekly after-school provision. with most attendees coming from St James. Attendance continued to be strong. building from a positive year. Mark continues to serve as a Foundation Governor. and other church mernbers are actively involved on the Governing Board. helping to preseNe and develop the school's distirhctive Christ13n ethos. In February 2026, the school received its SIAMS inspection IThe Statutory Inspection of Anglican and Methodist Schoo151 and received an entirely positive report. One of the notable strengths was that 'partner5hips are an expression of the vision impactÉng positively and reciprocally on the life of the school. Collaboration with the church. the diocese and with other schoo15 Strengthens the experiences of adults and pupils. li
Parish Church of St James with St Matthew. Muswell Hill Year ended 31 December 2025 Eco St James- Carin for God's Creation The PCC acknowledges the Church's responsibility of creation care. and commits to acting this out in all areas of life of St james. On Saturday 20 September there was a Clothes Swap event at the Birchwood Centre. Thi5 was to raise awareness of sustainability within our church community, and to support our mission partners. A Rocha International and Tearfund- both these charities do incredible work in conservation, environmental protection. and climate advocacy. Deane nod Re ort The first meeting of the year took place on Tuesday 18 March from 7.30pm-9.00pm at StArkn'5 Church, Avenue Road, Tottenham. preceded by a short Eucharist. Brother Sam Double. from the Society of St Francis, delivered a presentation on "Seeing the World Differently- how our relationship with creatton might be transformed" Deanery business at this meeting included= l. Election of Deanery OfFicer5 2. Election oftwo Lay Members to Standing Committee_ Clergy Members are selected by Chapter and will hold their discussion5 Qutside of Synod. 3. Support for the norrtination of a Deanery School Governor, requested by Fr Ben Kerridge. (This Synod requirement is reducing as more Church schools in Haringey join the LDBS Academy Trust.) 4. The Deanery school parent governor. Debra Morrison - who has a legal background - was selerted for St James School. as nominated by Mark Murthen. Deanery Synod next met on Thursday 5th June. at St Andrew's Parish Church, Alexandra Park Road. The Bishop of Edmonton talked about his brief on Racial Justice for the Diocese of London. The Deanery Synod also voted Estelle Addy back on as a parent governor at St James School, and her skill set was praised. especially on safeguarding. On 22 October, the Leader of Haringey Council. Councillor Peray Ahmet. spoke to Synod about the work ofthe council. The meeting was held at Holy Innocents, Tottenham Lane. Church farnily members who engage with the Council on behalf of the parish in areas such as youth work, food bank5, or safeguarding issues Isuch as Violence Against Women, Girls, and other vulnerable people) were also invited to attend. 12
Parish Church of StJame5 With St Matthew. Muswell Hill Year ended 31 December 2025 Church Leadershi and Over51 ht pcc Incumbent= Chris Green Ivicarl Otherministers.- Mark Murthen (Associate Vicar) Wardens.. Dave Williams Debbie Wright Other representotives ort the Deonerysynod (in addition to the Wordensj.. Ajay Gohil Caroline Streets-Law Gillian Dunkeld Gina Titheridge Othermembers. all elerted unless Otherwise indicored.. Celia Eldridge Gregory Yap Guy Carter lan Whitehead (Hon. Treasurer) jeff Skinner jessica Glencairn-campbell Katharine Allenby Lydia Bartlett Patrick Haines (stepped down April 20251 Steve Sexauer (stepped down September 20251 These members were electedin Moy 2025 Jonathan Gardner Kiran Kaur Mia Byrne Odoro Erivwo Raja Krovvidi Istepped down july 20251 These members stood down M(Jy 2025 David Airey Helen Watts Nigel Young Ex-officio membe Carolyn Ritchie IS3feguarding Officer) Gabrielle Moris Isecretaryl PCC Sub-committees The PCC operates through a number ofsub-committees. which meet between full meetings ofthe PCC. These sub-committees comprised the following people since the Annual Parochial Church Meeting I'APCM'I in April 2025 15ee the 2024 Annual Report and Financial Statements for sub-committee membership up to that datel= 13
Parish Church of St James with St Matthew. Muswell Hill Year ended 31 December 2025 Standing Committee This committee has responsibility to transact the necessary business of the PCC between its meetings. subject to any dirertion5 given by the Council. It comprised Chris Green (Chairl. Mark Murthen. Dave William5 Ichurchwardenl. Debbie Wright Ichurchwardenl. lan Whitehead ITreasurerl and Lydia Bartlett. Finance Committee This committee oversees the finantial affairs of the parish. by monitoring income and expenditure. cash flow, budgeting and accounting. Its members comprised John Waters (Chairl. Jonathan Stone, Gina Titheridge. Tim Bartlett. Alison Tyndall. Graham Wright and Ian Whitehead. Buildings Comrnittee The Buildings Committee is responsible for maintaining the parish church itself. and all its associated buildings, including staff housing. Its members comprised Chris Law (Chairl. Ruth Greenwood (Vice Chairl. Louise Spalding. Nigel Young and Jeong Lee (J-oined in April). 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.. IO% of the parish's unrestricted donation income is designated for mission giving. Its members comprised Chris Green (Acting Chairl, Richard Bird, Richard Fowler. Derah Kiwanuka. Gina Titheridge. Richard Brueton. Steve Sexauer (stepped down in September) and Nicholas Durder). PCC Activit in 2025 The PCC met in February, April, July, Septemberand November. At each meeting. the committee 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 concern5. In preparation for the Annual Meeting IAPCMI in May 2025. these items were approved.. the 2024 Annual Report and Financial Statements, and the Financial Budget for 2025. 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 2025 was £99.980. 14
Parish Church of Stjames with St Matthew, Muswell Hill Year ended 31 December 2025 Buildin s Committee In 2025 there were six meetings of the full Buildings Committee. The Buildings Committee members are Chris Law Ichairl. Ruth Greenwood (Vice Charrl. Nigel Youn& Louise Spalding and Jeong Lee. The Committee started the year with a budget of £51.000. The budget cover5 work on the Church. the Centre and the church offices- also, The Btrchwood Centre and six residential properties. l. Stonework repairs= The largest expenditure of 2025 was masonry and stonework repairs. The supplier was our regular ecclesiastical masonry firm. well known to us. and who regularly work on listed churches. The starting point was to address water ingress into the offices. Inspection of the leak's origÈns revealed significant damage. at height. needing Urgent work and additional scaffolding. The total cost was £22.193.18 of which E3.931.48 in VAT was recoverable under the Listed Place of Worship Scheme. 2. Fire Safety- Offices & Vicarage: Adjustments to the mainIng two fire doors (music room and community office) were made. other office doors having been completed in 2024. Additionally, a new fire door and alarm was installed. separating the offices and the Vi¢8rage. 3. 8 St James Lane= In March 2026 the Diocese conducted its Quinquennial Survey Rèport of No 8 St James Lane. Initiated by the Diocese. and paid for by St Jame5, the report sets out a schedule of works to be completed over a 5-year timeframe. Work on the list has started including an EV charging point which align5 Wtth the Diocese's Net Zero ambitions, repairs to the roof flashing. new electrical distribution board and EICR. and replacing the collapsed rear fencing. Total-. £8,914.31. 4. Birchwood Centre.. urgent electrical rewiring. remedial repairs and electrical pass ¢ertifi¢8te, plus minor re-decorating. cost £3.575.00. 5. Lower Birchwood flat= Improvement to the staff accommodation at the Lower Birchwood flat included moving a stud partition to enlarge the narrow doltble bedroom by taking in a portion of the large living room, creating two rooms of more appropriate size. Partition works. redecorating, recarpeting. and improvements to bathroom fittings came to £9,040.15. 6. Upper Birchwood flat: vacant since September 2024. the property needed repairs, redecorating and minor improvements (total cost £2.878.251 to preparè for letting commercially. It was let in November to a member of the church farrhily. 7. 14 Woodside Mansions.. our long-term corrhrnercial tenant5 vacated the 3-bed property in May. after 7 years occupancy. To update it for occupation by 5t James. Youth Minister and his family, the Standing Committee agreed a separate budget of £8.5CQ to redecorate and recarpet. Total spend was £8.261.66. 8. Church grounds= staging Ltsed by the North London Chorus, leaning against the Centre external wall under tarpaulins. has previously twice been criticised by the Diocese for two Quinquenni31 reports. Providing storage entailed clearing a collapsing shed, sourcing a sturdy cabin. a larger slab, earthwork stabilisation and two skips. Cost £7,233.00. The costs will be recovered over a S- year period. We would like to register our appreciation of the St James administration team who once again have supported all these works cheerfully and with good grace. Without their unwavering support, none of the above would have come to fruition. Our sincere thanks go to them all. Chri5 Law- Choir, Buildirrgs Commtittee 15
Parish Church of St James with St Matthew, Muswell Hill Year ended 31 December 2025 World Mission Grou The WMG administers the links with our world Mission Partners, and the planned support is IO% ol St James Gwing (for 2025. we gave £71.3321. We liaise closely with our partners and their needs, which is why we significantly increased our support for the Kenyons, and were able to help with a short-term mission trip for Mia Byrne to South America_ We are deliberately trying gently to reduce the size of our reserves. so that we can remain prudent but a150 be generous and faith-filled. Looking forwards. we are always keen to raise new Partners and Group members from within the church family. strengthen the links with Pastorates. and encourage a church team trip to Cambodia. Safe uardin The PCC adopted the 2025 Parish SafeEuarding Policy Statement in July. There were no serious Safeguarding incidents in 2025 that needed to be notified to the Charity Commission. Work continued in 2025 to implement the processes in the Safer Recruitment & People Management Guid3nce120211. Those related to safer recruitment are in place. but work 15 Still needed on Safer people management processes for ongoing support and oversight of volunteers, and safeguarding data protection and retention. An updated Learning and Development Framework came into force on l January 2025. A key change was that everyone working Wlth children, young people and vulnerable adults need5 to do Awareness of Domestic Abuse training. and this is being implemented across the ministries. Our compliance with safeguarding policies 15 tracked in the online Parish Dashboard. reported last year. the House of Bishops. policy IPromoting a Safer Church." safeguarding policy statement for children. young people and adults. House of Bishops, 20171 has been updated with a Code of Safeguarding Practice that includes policies on Safer Environment and Activities and Responding Well to Victims and Survivors of Abuse. In April the PCC discussed Promoting a Healthy and Safe Culture, and in September adopted procedures to comply with guidance for Lone Working with Children and Vulnerable Adults. and Appropriate Boundaries with Children and Vulnerable Adults. Finante To provide the services and pastoral care within our church, outreach to the local community, and SUPPOrt for world mission. we spent an average of aboLtt E70.000 a month. Our total expenditure. including depreciation, increased from £826.830 in 2024 to £847,820 in 2025, a rise of over 2%. Expenditure in the year includes our staff who run our ministries as well as a contribution to the work of The Diocese of London1£333.0921- expenditure on our church property. including depreciation1£229.8461,' church managemerht and administration1£175.7051. and world mission 1£71,3321. Without the generosity of our church members, we would not be able to provide the breadth of service and outreach. Donations. including Gift Aid. increased from £722.091 in 2024 to £743.062 in 2025. Regular giving was relatively unchanged. but a small nurrhber of large lump Sum gifts helped to grow our donations by just under £21.000. Despite the difficult economic conditions in the UK. we can be grateful that church members have responded positively to the vision and ministry of the church. 16
Parish Church of St James with St Matthew. Muswell Hill Year ended 31 December 2025 Total income was £841,354 and there was a deficit of £6.466 after depreciation. Cash at the end of 2025 increased to £319.665 from £295,374 at the beginning of the year. It may appear counterintuitive that our cash increased despite a deficit. but this is mainly due to a depreciation charge on our property and eqvipment IE39.7271 that is a non-ca5h item. Total net assets remained at about £1.25 million_ Our biggest financial challenge for 2026 is to grow the regular monthly giving In the church since costs will rise and a high proportion of our expenditure is incurred monthly on our staff and building5. After each month-end. we intènd to provide an update to church member$ showing our progress against planned donation5. Governance Internal Control and Risk Mana ement It 15 through the various committees and sub-committees that the PCC ha$ 8ddre55ed the kev 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 a550Ctated with the activities of the church, such as Child Protection policy and the health and safety of its employees. members. visitors, and contrattors. 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 tts successful operètion. 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. Resee5 Polic The PCC has a reserves policy. Our total cash balance. excluding restritted reserves, should exceed a minimum of 3 month5 of annual expenditure. excluding depreiiation. At 31 December the cash balance was equivalent to 4.6 months of annual expenditure. If the balance fa115 below 3 months at the end of a year. the PCC will develop a plan to $tore the level above 3 months. as soon as possible. Auditors Lakin Rose Limited acted as auditors during the year. A resolution fortheir re-appointment will be put fonArard at the 2026 APCM. as required by law. On behalf of the PCC Revd Chris Green Ivicarl Date 20 April 2026 17
Parish Church of Stjames Wlth St Matthew, Mu5well Hill Year ended 310ecember 2025 Summary of a Parochial Church Council's Financial Responsibilities: 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 2006J. 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 (Porochiol Church Councils (Power5J Meosure 1956). The charity trustees (for which reod PCCsJ shall ensure that accounting records are kept in respect of the charity which is sufficient to show and explain all the charity'5 tran5action5 {Chorities Art 2011, Part Vlll ChorityAccounts. Reports ond Returns, Section 130 Accounting records). 18
Parish Church of Stjames with St Matthew. Muswell Hill Year ended 31 December 2025 INDEPENDENT AVOoR5, REPORT ro THE PCC OF STJAMES WITH ST MAThHEW FOR THE YEAR ENDED 310ECEM8ER 2025 Opinlon We have audited the financial statements of Parish Church of St James with St Matthew Ithe 'charity'l for the year ended 31 December 2025 which comprise the StatÈment of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. including a summary of significant accounting policies. The financi81 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 Republit of Ireland, (United Kingdom Generally Accepted AccountinE Pratticel. The financial statements have been prepared in accordance with Atcounting and Reporting by Ch3rities preparing their accounts in accordance with the Financial fieporting Standafd5 applicable in the UK and Republic of Ireland IFRS 1021 in preference to the AccouniinE and Reporting by Charities.. statement of Recornmended Practice iSSLJed on l April 2005 which is referred to in ihe extant regulations bur has been withdrawn. This ha5 been done in order for the accounts to provide a irue and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting period5 beginning on or after l January 2015. In our opinion the financial statements.. give a true arEd fair view of the state of the charity's affairs as at 31 December 2025 and of its incoming resources and application of sourceS for the year ihen ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pr2Ctice,' and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We condurted our audil in accordance with International Standard5 on Auditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor5, responsibilities for the audit of the financial statements section of our report. Wo are independent of the charity in accordance with the ethical requirements that are relevant to OUT audit ol 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 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goin£ concern In auditin£ 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 going concern for a period of at least twelve monihs from when the financial statement5 are authorised for issue. Our responsibilities and the responsibilities of the PCC members with respect to going concem are described in the relevant sections of this report. 19
Parish Church of Stjames with 5t Matthew, Muswell Hill Year ended 31 December 2025 INDEPENDENT AUDtroRS' REPORT TO THE PCC OF ST JAMES WtTH ST MAThHEW FOR THE YEAR ENDED 310ECEMBER 2025 Other information The other informaiion comprises the infomiation 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 finanoal Statements or our knowledge obtained in the audit or otherwise appear5 to be materTally misstated. If we identify such material inconsistencie5 or apparent material misstatements, we are required to determine whether there is a material mi5Statement in the financial statements or 3 material misstatement ol the other information. 11. based on the work we have performed, we conclude that there is a material misstatement of this oiher information. we are required to repDrt that fact. We have nothing to report in Ehis iegard. Matters on which we are required to report by e¥ception We have nothing to report in re5pecl of the following Malte where the Charstie5 IAccounts and Reports) Regulations 2(K)8 require5 US to report to you if, in our opinion-. the information giveA in ihe PCCmembers' report is inconsistentin anymaterial fespect with the financial statement5,' or sufficient accounting records have not been kept- or the financial statements a rtot in ègreernent with the accounting records and returns.. or we have not rÈceived all the information and explanations we requi for our audit. Re5pon5ibilities of PCC members As explained more fully in the PCC members. responsibilitie5 statement. the PCC members are responsible for the preparation of the financial staternents 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 starements that are free frorn material misstatetnent. whether due to fraud or error. In preparing the financial 5tatementS. the PCC members are responsible for assessing the charity'5 ability to coniinue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accouniing unless the PCC members either intend to liquidale the charity or to cease oper2tions, or have no realistic alternative but to do so. Auditors, responsibilities forthe audtt of the financial statements We have been appointed as auditor under 5eclion 145 of the Charities Att 2011 and report sn accordance with the Act and relevant regulations made Of hèving effect thereunder. Our objective5 are to obtain reasonable assurance about whether the financial statement5 a5 3 whole are free from materi31 rnisstatement. whether due to fraud or error. and to issue an auditors, report that intlude5 our opinion. Reasonable assurance is a high level of assurance. but 15 not a guarantee that an audit ionducted in ccordance with ISAS IUKI will always dete a rnalerial misstatement when it exi5t5. Misstatements can arise from fraud or error and are considered material if, individually o¥ in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance wlth laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect marerial misstatements tn respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud i5 detailed below= 20
Parish Church of St James with St Matthew. Muswell Hill Year ended 310ecember 2025 INDEPENDENT AUDITORS. REPORTTO THE PCC OF STJAM£S WITH ST MATtHEW FOR THE YEAR ENDED 31 DECEMBER2025 Extent to which the audit was considered capable of deterting irregularities. including fraud We identify and asses5 the risks of material wnisstatement of the financial statements, whether due to fraud or error, and then design and perforrn audit procedures responsive to those risk5. including obtaining audit evidence that is sufficient and appropriate io provide a basis for our opinion. Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in SpeCt of irregvlarities. including fraud and noncompliance with law5 an¢J regulations, we considered the following-. the nature of the sector. control environment an¢J charity performance- results of our enouiries of management about their own identif¢tation and assessment of the risks of any matters we identified havin8 obtained and rewewed the charily's documentation of their policie5 and procedures relating io.. identifyin& evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance- detecting and responding to the risks of Iraud and whether they have knowled8e of any actual, suspetted or 3lleged fraud.. the internal controls established to mitigate risk5 of fraud or noncompliance with laws èntj regu13tion5. the matters discussed among the audit engagement team and involving relevant internal specialists regarding how and where fraud tnight occur in the financial statements and anv potential indic3tOTS of fraud. As a result of ihese procedure5. we considered ihe opportunitie5 and incentives that may exist within the tsrgani53tion for fraud and identified the greatest potential for fraud in relation to income recognition. In common with all audits under ISAS IUKI. we are also reQuid to perform specilic procedures to resptsnd to the risk of management override. We a150 obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provision5 01 those laws and regu131ions that had a direct effect on the determination of material amount5 ènd disc105ures in the financial staiements. The key laws and regulations we consideretl in thi5 context included th& UK Charities Act. In addition. we considered provisions of oiher laws an¢J regulations that do not have è direct effect on the financial statements but compliance with which m3y be fundamental to the charity'5 ability to operate or to avoid a tnaterial penalty. We identified no such laws and regulations applicable to tho charity. Audit response to risks identified As a result ol performing the above, we identified incorne recognition as a key audit risk related to the potential risk ol fraud. Our procedures to respond to risks identified irtcluded the following." reviewing the financial statement disclosures ènd testing to supporting documentation tts 855e5s compliance wirh provisions of relevant laws and reRulatlOlls described as having a direcr effeu on the financial 5t3tements- enouiring of rnanagernent concerning actual and potential litigation and claims.. performing analytical procedure5 to identify any unusual or unexpected relationships that may indicate risks ol material misst3temeni due to fraud.. re8ding minutes of meetings ol those charged with Bovefnance- obrained an understanding of provisions and held discussions wsth management to understand the basis of recognition or non-recognition of provisions." and 21
Parish Church of St James With St Matthew, Muswell Hill Year ended 31 December 2025 INDEPENDENT AUDttOR5' REPORTTO THE PCC OF ST JAMES WITH ST MATTHEW FOR THE YEAR £NDED31 DECEMBER2025 in addressing the risk of fraud through management override of controls. testing the appropriateness of journal eniries and oiher adjusirnents- as5e55ing whether the judgements made in making accounting estimares ale 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 8150 communicated relevani identified law5and regulation5 and rKJtential fraud risks to all enEaEement team members inclvdin£ internal speciali5t5. and remained alert to any indications of fiavd or non<ompliance with laws and regulation5 throughout the audit. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial R&porting Council's website at-. www.frc.org.uklauditors¥eS)n5lbll1Ile$. Thi5 de5CriPtion forms part of our auditors. report. Use of our report This report is made solely to the PCC members. as 3 body. in accordance with Part 4 of the Charities (Actounts and R&portsl Regulations 2W8. Our audit work has been undertaken $0 that we might state to the PCC members those matter5 we are required to state to them in an auditors, report and for no other purpos&. To the fullest extent permitted by 13w, we do not accept or a55ume responsibility to anyone other than the PCC members, as body, for our audit work. for thi5 report. or for the opinions we have formed. Lakln Rose Limited Chartered Accountants Statutory Auditors Cambridge House Camboro Busines5 Park Girton Cambridge C83 OQH Date.. 22
Parish Church of St James with St Matthew, Mu5well Hill
Statement of Financial Activitie5 for the Year ended 31 December 2025
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Parish Churth of Stjames with St Matthew, Muswell Hill Balance sheet as at 31 December 2025 prOr Fottd Oiher TrfAI PrOrIN. Funth4 FIXED ASSETS Tanvibk fLITd 5¢15 The notes on pages 26 10 30 loTm part of these ac(ount5 lJb18.7?- 69.172 1.036.197 CURRENT ASSETS 4.W7 j19.1kn5 74.907 319.66.- 344 21.861) •94 J74 317734 Cash * ballkan UJ hand 317.? LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE TrEAR 164.14• IA,7i6) 147J1061 NETCURRENT ASSETS 2¥2.478 ?69.47X LONG TER[ LIABILITIES: Li)n(F Term Equih. Inan li•200) NET ASSETS 356J 1 ?4&9 1.770 351.650 1.2j3.4)V FUNDS IlnT¢SiFKicd 7?7&74 19JJlJ ¢X)1.770 334 )74 17.376 1 •36.U44 17J76 19_1_iO &¥J.(IXJ 1 ?46.9?4 7.73.4?0 .4pproi"ed b% ihe Pccon l().Ipiil?O?& and 5iEn¢d on Is behalfbi": RL%d Ch5 (rfLLn ILThaxi 13n ll-hxehead IllonoraTr TfeasureTI 24
Parish Church of Stjames with St Matthew. Muswell Hill Cashflow Statement for the year ended 31 December 2025 State*¢ of cash t105 T#blc I 2024 Nffle Cjsh floM5 fmm o atlii'iiies: aLiii'uies Cll5h flow3 frotn in%'e5tino actii'itie5= T)lIKkn niier¢s14inJ Iriyn Th"i51Tl)Is PTIXLe&. (rutn ur ni d]Ml i Pwiliasi of 'm. ktni a{ t IN'ei Cosli rui'idedbi. {11sediii J ini'e5tiiio uclii¥¢ies 16.1701 j4.63? cliaii4Fe iii cash aNdca5h ewiiivleits5 iii Ihe reportiiitw Cash and cash e of the TP period 24,291 48.249 ui%'alents at the I ?j7.1?j Cu511 eqiiii'alenis qi ihe endoJiliereportiiigperiod 319,664 295J74 (Tabk. 3 .11") Reconciltiition of net ny)i'effteDt to DEt Cash 1kn5 frnm arti%ititS Table 2 Z02 2024 ,lel iiWLeirtepit iitfiiiidsforlhe reportiiiowriod (asper IheslulL71Ynl 16,466 22.673 .Id ustment for. l)epreiKiIKin Lknr&"s Dri'ML"nds'. illifisl and rL"nts fnxn Th"eNinKI1ts L05K'I roffti on Ilk" Sak" of fLKed a55e15 I InLfidScl'&'Lfiasi in &.biors Ir.e l&'ifLJsLI lli ifL'diIori ..I'el c4511 roi'ided bj. f115ediii) 43.056 1411X(I?I I¥.RIK>l 7.496 23,617 16J39 raliii Analisis of cash llnd cash equii'alents Table 3 2025 2024 Cash li batKI Ik'%5 thdn 3 nJ'1 Total cash and tash equi%"alents 91.878 319.665 ¥X.730 29$ J74 25
Parish Church of Stjames With St Matthew. Muswell Hill Notes to the 2025 Financial Statements 1 ACCOUNTING POLICIES The cos15 of tnaintaitmry using Ihi5 propetty are Irealed as eynses of IIE GeTEral Fund. arKI expenseo or capitahsed las rekvardi as irttsrred. Basis of preparation The financial siaiemenls have been prepared in accordance wlh iht Churth Accwntirwj RegatIOnS 2( logelhpr wlh appliCae starKlariJs I Slalemenl of Recommended Prathice IsORPI-Ac¢nli9 and Reporting by Chaniies SORP (FRS 102}- effectNe 01 J8nuary 2019 TW have been txepared urKkr I historical cost cwvenlityi. The Parish C1¢ of Sl James th Sl Mallhew rets definilion of a puNic benefit entity urnler FRS102. No valup place(1 on Movab [ch futnishirys hdd ty the CNKthWdrdens m swal It1 lorltre PC¢ and vknch require a facwmy fN dtsposal Sin ts PCC cwders Ihi% 10 be inatwtAe prowy. l eKFeThJiiwe ccnsecraled or tenefKe JildiNJs arwj movable churd) fijmighings. whetrÉr [nainlenan or Imwo¥ert. 15 vffitten off as expenditure in Sta c4 FInarla1 ktmlies separalety ld0$ed. Fund attounlirJ General fund5 repre5enl IIE ofUE PCC that are r1 subject lo any reslricbons re9ardif¥J Iher e atThl a available for applicatn on the gerral ww)5e5 or I PCC. Fur$ deSnated for a parfICar pwp)5e ty I PCC are also unrestricled Srtaff housing andolljerpropety Freeh(Ad (Y kasehrAd property required lo be acwunled ft by the PCC ale IrtILed in itrtsefinartl81 siaiemenis ai Ill tnatket values estttnaled in 1998 or lill for Ihose propert5 ughl 5ubsequenlW. al cost. Thevalue of property hekl al the liffÈ was ievÈwed in 21XKI conswJÈred by IfÈ PCC tocontin lo be approprialevaluations forlhe purposes Df these finanoal slaletnents Mantenance experKlilure is The accr¥Jnls include all IransathK)ns. asss arKJ liatMIitEs for which the PCC is res11 tn kiw They do Include accoLmlS of chLtych groups Ihai fft ¥fr[ main affiliation lo another txty nor Ihose Ihal are in1mal gatherings of Church ftwnbets. LarMI atK5 are 1 alU1 upvrdrd5 unless IIEre e excewiorwl ieasorts fLK so dtyng. This is bec4use, In the PCC'S thè cost arKJ eff(x1 of obtaining appropriaie ¥u31K)n5 (xrtwh tKesentabixl and other benefits of frrna revW sh pr(wtES. Incoming resources c0lkcli6 and Plai 9iwng (donat) are retoyrY&AI ¥rtn received by or on behaf of the PCC. IncotrE lax recoverable on Gift AKJ is recogn IF Income 15 c(jI5e(l Grants arKI lo PCC are accwnled for as soon as Ihp PCC is notEd d its g entillemenl. Ihe amount dLE is qLWrtifiabk aTr8 rts unimaie reIpl is re8sonatAy certain. y patnI diminuti in the vae of Ihese propprties. as evide by fNmal or informal valualions dra¥vn up by crf M ihaK ef PCC. Ihai ai vthich IfÈse are recogrwsed In Ihese financ1 51aletnents. hm4tver. be appropriatety fu. It7com& Imm inv&stmenis Sndotherirtcvne Interest etrtilletnents any tax recle Ihereonl are accoted for as Ikw &ttuÈ. Rental Ire frotn Ihe t11rj ol the chwch premises or tdaled prcperty is recognised Ike rertal is d. has Iw w0ded UEse propertEs bas uptsi an expected usetul knfe 0150 years. Otherfixtures fitringsandoffffte equipnwlt Equpmeni purchased and used wlhin Parish preffse$ 18 depreciaied ona Strahl-llft basis over 4 yeats. Indmdual ite of wiprrwrt lIh a purchase tKiTr of £1.(N)O lexdLN1iryJ VAT) w less are wrillen oft lthen tre asset i% acguired. Resources used Gr8nts anddonations Grants and dwalions a accoLnied forvkn paid over. IN when awarded. if Ihai avrard creaies a tsrKJirwJ jatiOn0Th tTrE PCC. Current assets Am(MI5 O%Tig lo PCC 81 31 DetrAnb wi respect of fees. rwls ¢y 0llEr Inc(xne are as deblors les5 kywsion fLY Iha may prowe uncdleciiNe. Actsvibes dire¢tlyrelaling io the wort of the Chewch The Common Furt is accothied for vkÉn pab. A amount unpaid ai 31 De[be[ is proved for in I financial slaleThEnls as an opIK>nal Ithwh not wi liability and Is shosyn 8$ 8 cieditor in IrÈ BalarK Sheet. SIKNt-lerrn (ÈpLL%ils cash eilher wlh the Central Board of Fina. ChL¥ch ef ErKJland Fur$ LY al the bk. Fixed assets Consectsied and In8lietslQ Iwd and building4 movable church fuFTJNshing5 Consecrated and beneficed property is exduded frrm I aOUnt$ 88 per Chaiilies Aci 2011 In casÈ ofthL% Parish. the propertEs exduded by thi5 section are IhÈ Church, the Parish Cenlre, the la surrwThJing toih t buildings the Vicarage. LIabIle$ Leans where repayrfEffl amrAJni is OÈiived from tr Ve of a wopetty are sh(Mn al fair value Any change in vJue ftomtr pievioLts year ts reccgnised in Ihe StslÈffni of FIrtIal ActM1$ Taxation As a chatity. the Parish of St Jamès Vbith Sl Matlhew. M%1 Hill i5 exerTpI fr(Kn lax on inc(Nne arKI gain5 falling seciK)ns 521-536 of IfÈ Intome Tax Act 2007 10 the Èxtent thai ts5e are ÈpFAied lo Ils charrtable objectNes No lax charges haye arisen eilher IIE current or preceding The BirchWoC MerTr)rial Hall the sutry.ed ol a sepwa liust daiin9 back 10 ts early I. by a tirtesan tY on bÈhaifof the PCC. As no r18b cost [0[rnatiOn is availabte. and convenb"onJ valuaiion melhcNJs lacJL sufficienl reliaknlity ar invofve cost which far oulweigh the berEfrt Ihal such a pr(Nide in t1 urcumsiances, no valuabon is provKled forthi% in these finantial siaiennts. 26
Parish Church of St James with St Matthew. Muswell Hill Notes to the 2025 Financial Statements TC)T.11. FIThD Lnrt51ricltd Rt5trictsd 1694 4R7.(AIi 67) 4Y&K15 herple .168 Is.1 hLrdi)nalM)n% 16.X4) ?1.149 74j.(KTr? ?(bJ Ofher i'olx¥n£4rn-incoinrn% resources I£8X$ ?(c) INcuywefroiH opern£1& ocE¥i'¥l&e51ofvrtherrhe PCC'50bjeclxi'es SR.12 -51.5S? fee5 91.9)? ?Id) 1cOl[lIgre5oM.5 Intere%1 IncTrttr hif liTtL 5,14J 5.140 i.786 18.9)7 '11)'1'.41. INI-C)III%C- RFSC)I-HC'S 819.J)i l.i54 9.5Dj PLIDIIIRECIN: Tl)T.lJ. FiThl)S I"nrt5trictcd IIcslTirlt ?0?4 LhdTAabk- gi18 (SLI. 10)." (heTreas Churches and (Thbal (Tha% (7l'%lfi) I IK WasSts)ns and III"XL I(i- knicl 51 mtsirs) A.974 J.XTI .)61 il.475 71.i? 3(b) -4¢'1ii'ilie5 dirYcilJ' the H'ork oJihv Chiirch l)M)L¥san lonmin l.und Sulyand cl7 (hurLh prortI Cosls tsfser% 15.Wl? 6.710 11.FJ9 ?&431 6.Y 5M018 ai 576.fi?5 5Xi.917 ()IIiLI' ¥W¥ndtsur %.IYi li7.(W 459 Ilank-chiraes 449 lTrb.180 3(¢f) G•1'erAi1Iet Cosrs ,ludrt & PLL I'usls 10.) "I"()I".11. RTr3()I IICTrN I_STrD -W.197 8:b.8.Tr0 27
Parish Church of St James with St Matthew. Muswell Hill
Notes to the 2025 Financial Statements
'I':tsTr,INI) RTrI_.IITrI)CThTS
2024
'ages and stil {Lld¢t.Ol¢ rRinii8. ercl
Sociil SLLunii C%)Sts
12.97¥
6.j?I
Ik)Usulu rEPUll5 and ran&)
.V).195
IinE ihcckw post5.lhea%C nurnrYeJrVknrtsklTh8 oler l6h0pa%I
Parish Church of St James with St Matthew. Muswell Hill Notes to the 2025 Financial Statements DEB TORS 202 2024 IncorrL t&xrLCOi ceabk lkn'pai nknis Jnd dLifuid llJill]I lkn)perti ¢quip1 anLI diP05ni 13_476 .7.37 j.i47 ?1.8j 1.1.?7J ?4.WJ7 CASH B.4LINCL5 202 2024 l¢neral l.un SpLLKiI LolleLtIOll5 IRe51rKicd fund) (Thariiabk. Gli ino Ill"orW NIL%%ion rup eTh"¢I I.¢}?9 19.330 17.376 4&ilX) 319.665 LI.4BILrrit5:.4IlKIIThTS F.1c DIElI'tTHIN O)EIEIR 2024 ccruaLs and J¥f¢Tred Chherlrednots munts Di%ed underan equili"ILed loan 47.17) 18.)31 13.IbO 61.14) 13.OiO 47.IK 8b U.IBILrriE5.. LONGTERII 2024 o%%"cd und¢ran ¢quiiN"_linkcd "I hccutrcrt Itlill51ncIk.all a[?EdtThdm'¢rtrlIhhisr1edfrm1ka1Orll FiryD DEf.411S ThL I.nrE5tricttdFvi5 Inw In ryfJ2> C[xnjlhcc¢Trcrl InlIhh1cMaNMts. PaisWSinc(¥nkisplJc& Ik. CharitaNeThi In¥ v1iarfsD'r)r% PLThlandikPAVrTh"FdrOMhh ihe po "I C.'haritahle CJi%i¥FllDd 1thh 1spam1a.IOsanJChI111h$TrI1' LIKandoi¢rknlYnute i atoieanl 10 treloii Is funthdtrt transfkrnn& IiP•tsfth¢rsrthltdInL fr&¥ntlccr1 FdIsCeLOIe iall 'Iht I'roptrti plan!.luS0nPr.1xthD%0fh Pr. lnifLaSL Irom th¥'nurl I..dIrt respLxioftheLTrpikdLl¢lilLil0thCclC5nf&Pr IC Fd r¢prinLsik' nl1.1nt.fWJa[1erU's1Do1l.[qUIty L&Trrf dfOrthepLyckQ0rI4 I¥"0(xtskk. %ldnsKthS lil%tn i1[1$ fthJ15 noftnJll! In1.¢ [1.rrn[l1 Ilt5Prmrparc1 frorn1rf.r[QtsiDIh¢Ilan¢cthe# Ihere i%nL'e& andibranLYd forcO.n¢L1rt1.Th1tsIIhcrl I"hL liestrird ty'c1 ColkxllTtsrd p.401 a_¥nl lora5pecificprLrycct.andithich ShOdDE1C0rpcCl¢IoiCwawthurC 29
Parish Church of St James with St Matthew. Muswell Hill Notes to the 2025 Financial Statements 10 .Is reststed 70•4 I"•reslrE(f Ixrt5tri<led llesrric T Ispci (Utherl 655L(IL 0145 andlJoW 3.46 19588 io.su 7?%% (rfLLn Illpio Lfs..I, Lffir<h 1iah.cr055&-jP& % A[anlL7 Iw 13}mi Th4&KTrn I 'rearfund J4.974 40S$I 27.9?0 I'knu5sio•s d50(le17es JnlcT5¥r%'c.Paul EkThdor-Sanu¢L% Malth¢TrYk.IbT Lyaln Mobtsit 7) 7)k) &( Sartare$)ll Si Jan5 Legal tld%-KcC¢nl IrcF.Phd4bp)Chknlk.rs 1.(FnNJC1InJ lb0k fulld 4'ui¢ F(Jr(hJng¢ J6J?S &oo) 44J61 30.46 4A19 IA43 .W....l Rorha r$$tri31 has Jsoierseas Theptmirl"earcp1tX.Qh bNp<d0n aron51¢t b4SLRorprc5cnlaln 30