THE PAROCHIAL CHURCH COUNCIL OF ST JAMES THE LESS ANNUAL REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31ST DECEMBER 2024 The Parochial Church Council of St James the Less Annual Report for the year ended 31st December 2024 Contents Annual report 1-21 Independent Examinerfs report 22 Statement of financial actrvities 23 Balance sheet 24 Notes to the financial statements 25-38 Page I The Parochial Church Council of St James the Less Re rt of the Trustees For the Year Ended 31st December 2024 Charlty informatlon Incumbent The Revd. Elisabeth (Li51 Goddard Church address St. James the Less Westminster Thorndike Street London SWIV 2PS Independent e¥amlner Knox Cropper LLP Office Suite I Haslemere House Lower Street Haslemere Surrey GU27 2PE 8ankers The Co-operative 8ank 62/64 Southampton Row London WCIB4ND Lloyds TSB 98 Victoria st￿et London SWIE SJL CAF Icharities Aid Foundation) 25 Kings Hill Avenue King5 Hill West Malling Kent ME19 4TA Page 2 The Parochial Church Council of St Jarnes the Less Re rt of the Trurtees For the Year Ended 315t Detember 2024 Annual report of the Parochial Church Councll For the year ended 31st December 2024 The Parochial Church Council IPCCI of St James the Le55, Westminster, the members of which act as trustees to the charity, presents its report and the financial statements of St James the Less for the year ended 31st December 2024, which have been prepared in accordance wilh the Church Accounting ReEulatiorbS 2(K)6 together with the applicable accounting standards and the Charities SORP 2011. ResponsSbSlltles of the PCC Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the results for that period. In preparin8 those financial statements, the PCC is required to: Select suitable accounting policies ènd then apply them consistently- Make judgements and estimates that are reasonable and prudent; State whether applicable accountin8 Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements: Prepare the financial statements on the 8oin8 ¢oncem basis unless it is inappropriate to presume that the church will continue in operation. The PCC is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the financial statements comply with the Charities Art 2011. They are also responsible for safeguarding the a55ets of the charity and hence for takin8 reasonable steps for the prevention and deteclion of fraud and other irregularities. In addition, they are responsible for ensuring that the account5 comply with statutory requirements, the requirements of the charity's 8overnin8 instruments and includin8 any oiher additional information required by law. PCC Admlnlstratlve Informatlon St James the Less is sltuated on Vauxhall Bridge Road. Pimlico. It is part of the Diocese of London, Two Cities Area. within the Church of England. The Corresponden￿ address is St James the Less Centre, Thorndike Street. Off Moreton Street, London SWIV 2PS The Parochlal Church Councll (PCC) Is a reglstered charfty (No. 11350751 Page 3 The Parochial Church Council of St James the Less Re rt of the Trustee5 For the Year Ended 31st December 2024 PCC Administrative information PCC members who have served from 2023 (Annual Parochial Church Meetin81 are- Incumbent: The Revd. Elisabeth Goddard From 2010 September Chair Churth Wardens: Dorothea Gopaul from April 2016 Representat5ves on the Deanery Synod: Veronica Garbutt from May 2023 Elerted Members: Anthony Metcalfe-Gibson Eunice Auma K. Paul Hamley from April 2022 from May 2022 from May 2022 until Au8U5t 2024 from May 2023 from May 2024 from May 2024 from May 2024 Lay Chalr Secretary Chair of Bljildings Committee Denise Barnett Andrew Brown Amabel Ealovega Sinead Aylward Treasurer Curate. Ex-officio: Curate, Ex-offlcio: Curate, SSM: The Revd. Andrew Goddard from September 2013 The Revd. Fung Lau from July 2016 The Revd. Ruwani from September 2022 Gunawardene The Revd. Louise Cathrow Curate, SSM: from September 2024 Sldesman: Denise Barnett Samuel Cassidy Mertyn Christophers Andrew Allen Staff of St James the Less, Employed by the PCC: Samantha Mccarthy from June 2022 Operations Manager Structure, govemance and management of the PCC The method of appointing PCC members is set out in the Church Representation Rules. All baptised Church attendees are encoljraged to register on the Electoral Roll and are eligible to stsnd for election to the PCC within certain restrictions laid down by the Charity Commissioners. Committees The PCC operates through the following committees. which meet from time to time between full meetings of the PCC. Pa8e 4 The Parochial Church Council of St James the Less Re rt of the Trustees For the Year Ended 31st l)ecember 2024 Stonding Committee This is a statutory committee and has the power to transact bijsiness of the PCC between its meetings. 5ubjert to any directions given by the Council. It meets six times a year. It consists of.. The Vicar The Wardenls The PCC Treasurer The PCC Secretary Another member ofthe PCC At the request of the PCC the Lay Chair has agreed to serve as the extra PCC member of the Stonding Committee, particularly in the absence of a second Church Warden. The PCC secretary currently does not attend the SC meetin85 for personal reasons. Finonce sub.committee The Finance Sub-committee has met once in 2024. to advise on the fomiulation of the budget. The following people are part of the committee- The Revd. Li5 Goddard (Chairl The Revd. Andrew Goddèrd Andrew Brown- Treasurerffom November 2023 Alice Chan- Bookkeeper Samantha Mccarthy-operations Manager Bookings Review Committee This Committee exists to apply our terms and conditions and to help the Centre Manager in making difficult decisions about letlin85. Business is mainly conducted by email and on an ad hoc basis. It consists of.. The Revd. Lis Goddard (Vicar) The Revd. Andrew Goddard Oorothea Gopaul (Warden) Dr Paul Hamley (Chair of the Buildin8s Committee until August 20241 Stoffing Committee This committee was set up by the PCC to help the Trustees to review staffin& job descriptions and the effective runnin8 of the office. The Current members of this commiltee are.. The Revd. Andrew Goddard Ichairl Dorothea Gopaul The Revd. Fung Lau Samantha McCarthy- Operations Manager ICo-OPtedl The Revd. Lis Goddard attends the Staffing Committee when requested as line manager of staff. Buildings Committee The Buildings Committee is responsible for overseeing the maintenance, repairs and any possible building or conseNation/restoration work on our significant buildings, always in consultation with the PCC. It consists of: Dr Paul Hamley Ichairl until August 2024 The Revd. Lis Goddard Dorothea Gopaul Page 5 The Parochial Church Council of Stjames the Les5 Re rt of the Trustees For the Year Ended 31st December 2024 Samantha Mccarthy - Operations Manager ICo-OPtedl Adam Taylor-smithlrom t￿Cernber 2024 Friends of Stjomes the Less Restoration Committee (The Street Projert) The Friends of St James the Less Restoration Committee exists to, in co-operation with the PCC, raise the profile of St James the Less church and the restoration work which 15 planned for this grade l-listed masterpiece. They are also responsible for overseeing the fundraising for the work. The members of the committee are: The Revd. Lis Goddard- chair Dorothea Gopaul- Church Warden Lizzie Iron - secretary Andrew Brown- treasurer Neil Jackson - Victorian Society Rosie Gorman- Évents Poul Hamley- Chair of SJTL buildings committee Roy Stallard- local historian Cheyenne Brown- Comms Samantha McCarthy- Operation5 Manager Following a year of 5ucce55ful events around G.E. Street's bi-centenary it was agreed to chan8e the name of the Committee to The Street Project. reflecting the dual aspect of the work. Soleguording Committee This Committee has not met this year, since the loss of the Children and Families Worker. however the Vicar and PSO have met regularly to ensure adequate oversight of the sofe8uardin8 work of the church and the PSO has reported as a standing item to the PCC. The Safeguardin8 Committee when it is reconvened, wlll comprised.. Samantha McCarthy- PSO and Eviden￿ Checker The Revd. Lis Goddard The Children and Families Worker Ito be appointed) The Community Outreach Worker (to be appointed) Suna Gurkan- Children's Champion Worklng Groups and Teams The Leadership Team The Leadership Team meet termly to provide oversight to the leadership of services, homegroups and discipleship. Members of the preachin8 and worship teams are part of this team, as are those responsible for the oversight of our Prayer Ministry of all types. The Team consists of.. The Revd. Lis Goddard IChair} The Revd. Fung Lau The Revd. Ruwani Gunawardene The Revd. Andrew Goddard Amabel Ealovega Ben Ealovega Suna Gurkan Sinead Aylward Ifrom September 20241 Revd.Louise Cathrow (from September 2024) Page 6 The Parochial Church Council of St Jarnes the Le55 Re rt of the Trustees For the Year Ended 315t December 2024 Postorol Teom The Pastoral Team meets fortni8htly for an l)our and reviews the ongoing pastoral care of the congregation. It consists of: The Revd Fung Lau (Chairl The Revd. Lis Goddard The Revd. Andrew Goddard Ben Ealove8a Estelle King The Revd. Ruwani Gunawardene from September 2022 Sinead Aylward from September 2024 The Revd. Louise Caihrow from September 2024 ODM Leadership Team The Open Door Meal Leadership Team has responsibility for the safe and effectNe running of the ODM and for ensurin8 ongoing financial provision. They are also responsible, with the PCC, for developing the PCC'S vision for the ODM and for ensuring that the ODM is effectively and efficiently run. There is currently a need to expand our pool of able volunteers, particularly so that we have a team to manage the end of the evening. There is also the need to expand the leadership team, rt is hoped that when we appoint a Community Outreach Worker that these challenges will begin to be met. The current team are.. The Revd. Andrew Goddard (Chairl Jamie Lobban The Revd. Fun8 Lau The Revd. Lis Goddard Fundroisinq Group This Broup was formed towards the end of 2022 to focus on fundraising towards making our outreach work throu8h Community Outreach Workers SLlStainable. The PCC are plannin8 to appoint a part-time Children and Families Worker and a part-time Vulnerable Adults Worker in 2024 $0 this fundraisin8 will be key goin8 forward. The members of thi5 Group are: The Revd. Lls Goddard Anthony Metcalfe- Gibson Catherine Lau The Fundraising Group did not meet in 2024. Oblectlves and Actlvltles of the PCC St James the Less PCC has the responsibility of co-operating with an Incumbent In promoting in the ecclesiastical parish the whole mission of the Church. pastoral, evangelistic, social and ecumenical. It a150 has maintenance responsibilities for the church and ontre complex of St James the Less, Pimlico. PCC O¥er¥iew Church attendonce There were 71 parishioners on the Church Electoral Roll for 2024. The average attendance on a Sunday was 32 adults and 3 children. Average altendance at Messy Church is 21 adults & 15 children, Special messy is 6 adults and 3 children with attendance at the Light Party being 31 adults, and 29 children. Attendance at the Special Light Party was 3 adult and 2 children. During 2024 we tontinued our service for familie5 on the first Sunday of the month at 3pm called J.A.M. (Jesus and Mel. Average attendance at J.A.M. was 5 adults and 6 children. Pa8e 7 The Parochial Church Council of St James the less Re rt of the Trustees For the Year Ended 31st December 2024 Risk A￿eSSMent The PCC. through the staff, continue5 to give consideration to the major risks that the church is exposed to, to assess the likelihood of the risks occurring and the likely level of impact the risks pose, in conjunction with new diocesan guideline5. They have also considered the controls that are in place for these risks and have identified any necessary areas for action. This is an ongoing process that the PCC undertakes to ensure that the operations of the church are adequalety protected against the risks it face5 in achieving its strategic objectives. The PCC has a current Safeguarding Policy in place and requires all bookers of the Centre and Church to agree to Safeguardlng Safeguardin8 In this and preceding years continues to take prominence as a priority in this and the wider Church. It is one of the most important asperts of church life because it ensures that those who form part of the church are safe to participate within it and as such. we take Safeguarding very seriously here at St James the Less and it is of utmost importance to our mission and ministry. Safe8uar(iin8 is a collective- whole church- responsibility. with this in mind we held a Safeguardin8 Sunday this year. which I led and dedicated to highlighting this fact. it was a very successful day as a lot of people did not realise the importance of Safeguardin8 and the many different aspects of this and how Jesus. command to love, means ihat we are commanded to demonstrate a commitment to ensuring the safety of children, young people and adults at risk as they worship and take part in activities in our church. In St James the Less. the Clergy and the PCC along Wlth the Safeguarding Officer all work to ensure that we have the proper 5YStems and policies in place in line with the diocesan guidelines. We continue to strive to ensure that we respond without delay to any safeguardin8 issues and have placed safeBuarding as a standing priority issue for the PCC and to ensure our trainin8 15 UP to date, this includes new trainin8 and guidelines as they arise. As safe8uarding officer. I had some further training this year. The London diocese safeguardin8 team have monthly meetings online to support all CSO and PSO'S who can bring any questions they may have to these meetings to dlscuss with others, this is a very welcome monthly 5UPPOrt. As the St James the Less Evidence Checker and Church Safe8uardin8 Officer, this year I have arranged the required DBS checks, assisted with safeguarding training, updated the SafeguardinB dashboard, and have provided the PCC with reports and advice on the additional training that is required to take place durinB the year. Samontho Mccorthy PCC Review ot the ear for 2023 The PCC met eight times during the year with an avera8e attendance of 98%. Page 8 The Parochial Church Council of St James the Less Re rt of the Trustees For the Year Ended 31st December 2024 2024 Financial Review The General Fund showed promise in 2024, with income rising by £15.2k/lS.2% whilst costs rose by just £8.Ik/7.2%. Whilst this was not enough to eliminate the General Fund's deficit, which was £4.9k, the deficit reduced by £7.2k159.3% from f 12.lk in 2023. However, the P.C.C. will be conscious of cashflow as the General Fund saw a £13.4k cash outflow during the year, similar to 2023. Total income rose by £60.Ok139.1%, althou8h the main drivers of this increase were lar8e one-off grants and a rebate relating lo the mast. These one-off items were used to pay for one-off costs resulting in an operating deficit of £8.2k. This was offset by unrealised gain5 in investments of £9.6k resulting to an overall surplu5 of £1.3k, thi5 is £10.5k188.7% less than the £11.8k made in 2023. The Balance Sheet remains strong with net assets at the disposition of the Charity amounting to £554.8k, up by the net movement in funds from last yearfs figure of £553.4K an increase of £1.3VO.2%. This is made up of restricted funds amountin8 to £491.Ok, m05t notably the Ministry Housin8 Fund of £408.8k,. Designated Funds of £30.3k and General Funds of £33.4k. The Assets comprising these funds are made up of Fixed Assets amounting to £373.4k which relates to Inveslments, Debtors of £5.7k. Cash of £210.5k and Creditorsamounting to £34.9k, of which £21.4k is deferred Income from the mast contract. It Is the policy of the PCC la8reed with church members at the APCM) to maintain unrestricted funds, whlch are the free reseNes of the Church. at a level which will provide sufficient funds to cover the normal ministryi management and administration costs of the Church for a minimum of one month (but, ideally three monih51 and any emergency expenditure as it should arise. Additional reserves are set aside where, in the view of the Council, it is prudent to allow for future expenditure plans. The level of unrestricted and designated reseNes at 31 December 2024 stood at E63.76212023= £101,522). Approved by the PCC on 025 and signed on its behalf E. Goddard Pa8e 9 Inde ndent Examlnerfs Re To the Trustees of The Parochial Church Councll of St James the Les5 I report to the trustees on my examination of the accounts of the Parochial Church Council of St James the Less Ithe Charity) for the year ended 31st December 2024. This report is made to the Trustees. as a body, in accordance with the terms of engagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body for my work or for this report. Responslbllltles and basls of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Charity's accounts ¢arried out under section 145 0* the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent ex•mlner's statement I have completed my examination. I confirm that no material matters have Come to my attentlon in connection with the examination gNing me cause to believe that In any material respect: accounting records were not kept in ￿SpeCt of the Charity as required by section 130 of the Act- or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out ift the Charities IAccounts and Reportsl Regulations 2008 other than any requirement that the accounts 8ive a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gregory Stevenson FCA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD 2024 otho c) o mr* o&n r*) ¥) e*Jm* x 0£ r£u Page 11 The Parochial Church Councll of St Jame5 the Less Balance Sheet a5 at 315t December 2024 2024 2023 Notes Flxed A55ets Tangible Fixed Asset5 Inveslments 373,441 349,684 373,441 349,684 Current Assets Debtors Cash at Bank and in hand io li 5.704 210.484 8.588 222,903 216,188 231,491 Credltors.. Amount falllng due within one year 12 134.8571 127,735) Net Current Assets 181,331 203,756 CredStors'. Amount fallin8 due outside one year Net Assets £554,772 £553.440 Represented bv: Restrlcted Funds 13 491.010 451.918 Unre5trlrted Funds General Deslonated 14 14 33,461 30.301 46,854 54,668 63.762 101,522 Total Funds £554,772 £553,440 Approved by the Parochial Church Council on 2025 and signed on their behalf. E Goddard Page 12 The Parothial Church Council of St Jame5 the Less Notes to the Accounts For the Year Ended 315t Decernber 2024 l. Accounting Policies StstU5 of the PCC The Parochial Church Council of St James the Less is a registered charity. no. 1135075. A description of the nature of the PCC'S attNities 15 disclosed in the Report of the Trustees. The PCC'S principal office address is stated on page l. The presentation currency of the financial statements is the Pound Sterling l£l- bl Basls of Preparation and Asse55ment of golng ¢orKem The accounts have been prepared under the historical cost convention with the exception of investments which are included al market value. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 8overning the individual accounts of PCCS, and wilh ihe Re8ulalions true and fair view, provisions, together wilh the Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Statement of Recommended Prartice: Accountin8 and Reportin8 by Charities ISORP IFRS 10211. The Charity constitutes a public benefit entity a5 defined by FRS 102. The Trustees consider that there are no material uncertointies at)out the Charity's ability to continue as a 80ing concern. Funds Accountln8 Funds held by the PCC are: Unrestrlrted Funds The general fund which can be used for PCC ordinary purposes and funds (iesignated by the PCC for particular purposes. Restrlrted Funds Donations or grants received for a specific purpose or invited by the PCC for a specific purpose. The funds may only be expended on ihe specific purpose for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund. d) Incorne All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donotions, Legocies and Collection5 Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised On￿ when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable. Other ordinary incornefrom church ortivities Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Rental income is recognised when receivable. Incomefrom investments Dividend and interest income are accounted for when receNed a5 15 any income tax recoverable on suth income. Page 13 The Parochial Church Council of 5t Jarnes the Less Notes to the Accounts For the Year Ended 31st December 2024 l. Accounting Pollcles (Continued) Ey(penditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that Settlement will be required and the amouni of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support Costs and govemance costs are allocated or apportioned to the applicable expenditure headings. Grants Grants and donations are accounted for when paid over. or when awarded where the award creates bindin8 obli8ation on the PCC. Church Artivltles The diocesan parish contribution 15 accounted for when paid. Any parish contribution unpaid at 31st December is provided for in these accounts as an operational (though not a legall liability and is shown as a creditor in the balance sheet. fl Flxed Assets Fixed assets are held at historic cost less depreciation. Depreciation is calculated on a strai8ht-line basis and written off over the life of the asset accordin8 to the class of asset as follows.. Office, Centre and church equipment 20% on cost 8) Flxed A55ets Investments The Charit￿5 investments consist of investments in unit trusts. Initlally they are recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date usln8 the closing quoted bid price. The statement of financial activities include5 the net 8ains and losses arising on the revaluations and disposals throu8hout the year. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carryin8 value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are ralculated a5 the difference between the fair value at the year end and their carrying value. h) Current Assets Amounts owing to the PCC at 31st December 2024 in respect of fees, rents or other income are shown s debtors, less provision for amounts that may prove uncollertible. Short-tem deposits include cash held on deposit either with CAF Bank, Cooperative Bank and Lloyds Bank. Page 14 The Parochial Church Council of St Jarnes the Le5$ 14otes to the Accounts For the Year Ended 315t Decernber 2024 l. Acccountins Pollcles (Continued) 11 Ca5hflow The Charity has taken advantage of the exemption in the Statement of Recommended Practice from the requirement to produce a cashflow statement. 2. Donatlons. Legacle5 and Collections 2024 Restrirted Fund Unrestrlcted General Deslgnated Total Gift Aid Donations Gift Aid Recovered Other Planned Giving Open Plate Collections Sundry Donations Grants Received 34,751 9.063 10,295 3,065 5,676 1,883 798 446 36,634 9,861 10,741 3,115 15,579 15,7 9.￿3 14,2CK) £64,350 £27,280 £91,630 2023 Restrlrted Fund Unrestrlcted General Designated Total Gift Aid Donations Gift Aid Recovered Other Planned GNin8 Open Plate Collections Sundry Donations Grants Received 26,477 7.322 9.366 2.582 4,345 2,249 897 30 216 3.717 28,726 ,219 9,396 2,798 8,112 5,LKJO £55.092 £50 £7,109 £62,251 Page IS The Parochlal Churth Council of St James the Less Notes to the Accounts For the Year Ended 31st December 2024 3. Other Trading Artivitles 2024 Restricted Fund Unrestricted Generdl Designated Totsl Hire of Premises Sales 37.073 37,073 7,104 245 6,859 £245 £37.073 £6,859 £44,177 2023 Restrirted Fund Unrertrlrted General Designated Total Hire of Premises Sales 15,040 15,040 £15.040 £15,040 4. Investment Intome 2024 Restrlcted Fund Unre5trfrted General Deslgnated Total Dividends Bank Interest 14,151 244 14,151 1,954 152 1.558 £152 £1,558 £14,395 £16,105 2023 Restricted Fund Unrestricted Genernl Deslgnated Total Dividends Bank Interest 12,577 226 12.577 1,558 177 1,155 £177 £1.155 £12,803 £14,135 Pège 16 The Parochlal Church Council of St Jarnes the Les5 Notes to the Accounts For the Year Ended 31st Decernber 2024 Income from Charltable Actlvltles 2024 Restrlrted Fund Unrestricted General Designated Total Parochial Fees Hire of p￿rniseS Miscellaneous Income 1,340 49,329 190 49.329 190 £50.859 £50,859 2023 Restrlrted Fund Unrestr5rted General Destgnated Total Parochial Fees Hire of Premises Miscellaneous Income 519 43,252 1.324 9,275 9,794 43,252 1,324 £45,095 £9.275 £54.370 6. Cost of Ralslng Fund5 2024 Re5trlcted Fund Unrestrlrted General Deslgnated Total Cost of goods sold Fundraisin8 events 718 136 718 6,071 5,935 £854 £5,935 £6.789 2023 Restrirted Fund Unrestricted General Designated Total Cost of goods sold Fundraising events 261 261 £261 £261 Page 17 The Parochial Church Council of St James the Less Notes to the Accounts For the Year Ended 31st December 2024 7. Charitable Activities 2024 Restrfrted Fund Unrestrirted Genernl Deslgnated Totsl Charitable Givin8 INote 7a) Activities directly related to work of the Church (Note 7bl Expenditure related to the Church INote 7cl Governance and Support costs (Note 7dl 457 7.686 51 8,194 52,519 6.708 59,227 22,925 64,456 5,71)) 93,081 43,754 43,754 £119,655 £72,142 £12,459 £204,256 2023 Restrlcted Fund Unrestrlrted GeneTrl Desl8nated Total Charitable Givin8 (Note 7a) Activities directly related to work of the Church (Note 7bl Expenditure related to the Church INote 7cl Governance and Support costs (Note 7dl 872 7,175 735 8,782 50.078 11,878 61,956 19,988 12.398 1,742 34,128 41,479 41,479 £112.417 £19,573 £14,355 £146,345 Page 18 The PanKhial Church Council of St James the Les5 Notes to the Accounts For the Year Ended 31st December 2024 7. Charitable Artivities {Continued) la) Charitable Glvin8 2024 Restricted Fund Unrestricted General Designated Totsl Mission Giving Vicarfs Discretionary Gwing 457 6.770 916 7,227 967 51 £457 £7,686 £51 £8,194 2023 Restrlcted Fund Unrestricted General Deslgnated Total Mission Givin8 Vicarfs Discretionary Giving 872 5,1 2,075 5,972 2,810 735 £872 £7,175 £735 £8,782 Included within the above is donations to institutions of £4.22712023: £5,972), being predominantly the Pimlico Foundation City Mission and Helping Point UK. and donations to individuals of £3,96712023'. £2,810). Ib) ActSvFtSes Dlrertly Related To The Work OfThe Church 2024 Restrlrted Fund Unre5trirted General Designated Total Diocesan Common Fund Centre Costs Activities Open Door Meals Service Costs Community Garden Community Outreach Schoolroom Costs 42,CKM) 1.043 2.958 42,0(Kl 1,043 2,799 5,779 3,225 198 5.779 890 39 2,335 4.183 4,183 £52.519 £6,708 £59,227 Pa8e 19 The Parochial Church Council of St James the Less Notes to the Accounts For the Year Ended 31st December 2024 7. Charltsble Artivities (Continued) Ib) Activitie5 Directly Related To The Work 01 The Church 2023 Restricted Fund Unrestricted General Designated Total Diocesan Common Fund Centre Costs Activities Open Door Meals Service Costs Schoolroom Costs Community Outreach Community Worker Staff Costs 37.125 3.623 2.098 37,125 3,623 2,098 5,331 3,452 3,780 175 6,372 5,331 3,452 3.780 175 6,372 £50,078 £11,878 £61.956 {c) Expendlture Related To Church 2024 Restrlcted Fund Unrestrlrted General Desl8nated Totsl Church Centre Running Costs Building Maintenance Depreciation Vicarage Refurbishment 22,425 5,039 59,087 27,464 65,287 5,7t)O 330 330 £22.925 £64,456 £5.7C £93,081 2023 Restrlcted Fund Unrestrfcted General Desi8nated Total Church Centre Running Costs Building Maintenance Depreciation 19,466 522 1.842 10,199 357 21,308 12,463 357 1,742 £19.988 £12,398 £1,742 £34.128 Page 20 The Par¢xhial Church Council of 5t James the Le55 Notes to the Accounts For the Year Ended 31st December 2024 7. Charitable ArtiYitie5 (Continued) (d) Governance and Support Costs 2024 Restrirted Fund Unrestricted General Designated Totsl Staff Costs Temporary Staff IT and Telephone Accounting Independent Examination Governance Costs Sundries 29.964 29,964 5,278 3.842 2,472 5,278 3,842 2.472 2.198 2,198 £43.754 £43,754 2023 Restrlrted Fund Unrestrlrted General Deslgnated Total Staff Costs Temporary Staff IT and Telephone Accounting Independent Examination Governance Costs Sundries 28.648 28,648 5.084 3,816 2,160 5,084 3,816 2,160 1.771 1,771 E41.479 £41,479 Page21 The Parochial Church Council of St Jarn￿ the Less Notes to tht Atcounts For the Year Ended 31st December 2024 8. Tangible Fixed Assets Offite Fittings and Equlpment Centre Church Fittings and Fittings and Equipment Equipment Total Cost Brought forward Additions 4.458 24.971 28,289 57,718 Carried forward 4,458 24,971 28,289 57,718 Depreclatlon Brought forward Char8e in the year 4,458 24.971 28,289 57,718 Carried forward 4,458 24,971 28,289 57,718 Net Book Value At 31 December 2024 At 31 December 2023 9. Investments 2024 FaSr value at l January 2024 Additions/Accumulation Disposals Unrealised 8alns/llosse51 349,684 14,151 9,606 Fair value at 31 December 2024 £373,441 Holdlng Original Market Value M&G Charifund CCLA COE Investment Fund CCLA COE Property Fund 487.956 3038.64 19105.8465 92,260 80,OCKI 15,0 159,557 190,712 23.172 £373.441 Page 22 The Parochial Church Council of St James the Les5 Notes to the Accounts For the Year Ended 31st Decernber 2024 10. Debtors 2024 2023 Trade Debtors Accrued Income 4,826 878 4,556 4,032 £5,704 £8,588 11. Cash At Bank And In Hand 2024 2023 Bank accounts £210,484 £222,903 12. Credltors 2024 2023 Amount5 due wlthln one year oiher Creditors and Accruals Taxation and Social Security Deferred Income 12,690 791 21,376 12,286 409 15,040 £34,857 £27,735 Deferred Income represents income received in advance from hires of premises. Deferred income bro¥Jght forward of £15,040 was fully recognised as income in the year and the amount deferred in the year amounted to £21,376. rl CL crcj Vw£&¥_ ol c o c Page 25 The Parochial Church Council of St James the Le55 Notes to the Accounts For the Year Ended 31st December 2024 15. Assets Between Funds 2024 Unrestrfrted Designated General Restricted Fund Total Fixed Assets Investments Current Assets Creditors fallin8 due within one year 373,441 117,664 1951 373,441 216,188 134,8571 53.234 {22.9331 45.290 (11,8291 £30,301 £33,461 £491,010 £554,772 2023 Unrestrfrted Deslgnated Genernl Restrlcted Fund Totsl Fixed Assets Investments Current Assets Creditors falling due within one year 349,684 102,234 349,684 231,491 127,7351 62.538 115,6841 66.719 {12.0511 £46,854 £54,668 £451.918 £553,440 16. Employee Information There were no employees who received employee benefits exceedin8 £60.(MXJ12023'. None). The average weekly number of person5 employed during the year was: 2024 2023 OfFice Staff Staff Costs Wè8es and Salaries Social Security Costs Pension Contributions 29.271 34.230 693 790 £29,964 £35,020 17. Related Party Transarti0Th5 There was no trustees, remuneration or other benefits in the year to 31 December 202412023.. Nill. Donations amounting to £16.345 were receNed from trustees during the year. One trustee, Eunice Komakech, was paid £ Nil12023'. £1.1401 for opening and c105ing the Church Centre during the year for hires.