THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES TUNBRIDGE WELLS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED CHARITY NO 1136988
CHARITY INFORMATION Registered Office Church House 1 Femdale Tunbridge Wells Kent TN2 3RL Parochial Church Council Tracey Appleton (from April 2024) Amanda Baker Roger Dunlop Carol Edwards Jenny Garratt Tony FitzPatrick Priscilla Kankam (from April 2024> Michael Phillips Susan Schibli Frances Shortland (from April 2024) Sarah Alexander pcc secretary in attendance Mark Wright Operations Manager in attendan Anna Wheatley Youth Worker in attendance Registered Charity number Governing document 1136988 The Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules that came into force on 2nd January 1956 Ex Officio Members of the PCC Incumbent Revd Judith Hammill Curate Rev Caroline Mills Bankers The Co-operative Bank PLC 1 Balloon Street Manchester M60 4EP Wardens Andrew Appleton Adam Bennett (from June 2024) Deborah Rees (Cooper) to June 2024} Metro Bank PLC One Southampton Row London WC1 B SHA PCC Treasurer Sheila Anstead Independent Examiner Zachary Ramsden FCA, 63 Deakin Leas, Tonbridge, Kent TN9 2JT Page 1
CHARITY INFORMATION OBJECTIVES AND ACTIVITIES The full name of the charity is the "The Parochial Church Council of the Ecclesiastical Parish of St James. Tunbridge Wells. we shall refer to it as "the charits1'. The object of the charity is to further the religious and other charitable work of the Church of England in the Parish of St James Tunbridge Wells. The members of the PCC are the Trustees of the charity and as a body are responsible for supporting the clergy in promoting the mission of the Church in the parish - evangelistic, pastoral. liturgical, social and ecumenical. It also carries the responsibility for maintaining the building of St James, Church and the other property of the charity. WHAT WE HAVE DONE DURING THE YEAR AND OUR PLANS FOR THE FUTURE The activities of the charity are described below, and the members of the PCC believe that these are sufficient to comply with the Charity Commission requirement for public benefit. The Electoral Roll at the APCM held in April 2024 had a total of 267 members compared to 256 in April 2023. The regular worship of God in our church provides opportunities for spiritual refreshment, teaching, communal prayer, outreach, communion and fellowship. The House Groups provide further opportunities for teaching and support for their members. The generally private ministry of pastoral care in the parish is carried out daily in response to need as it arises. In 2024 the parish has undertaken a full range of services holding two services on Sundays to cater for the differing needs of the congregation. Attendance at the 8am Sunday morning communion 1662 prayer book Servi is growing in numbers. The worship in the main 10am Sunday moming Servi is varied to minister to the whole congregation with the music group leading on most Sundays and a full organ service On a month. An unmanned creche, a Sunday school and a group for the young people are normally available but occasionally all-age services are held, often to mark special Sundays such as Mothering Sunday or Christingle. The 1 Oam service is streamed live on YouTube with an average of over 40 online downloads each week. For members who are housebound Holy Communion can now be taken to their home. Page 1
CHARITY INFORMATION As well as these services, Morning Prayer services are held on three days during the week. Services are held in the nursing and residential care homes in the parish and residents can now watch the services on YouTube. Special services were held at the major festivals of Christmas and Easter. In addition to the vicar, a curate and a full time Youth Worker. the parish benefits from having three Readers, two Licensed Lay Ministers, a Lay Evangelist and a Pastoral Assistant. In 2018 the PCC agreed to support a pilot project run by TEAR Fund in the diocese of Kondoa, Tanzania. St James provided £15,000 each year for 5 years to support the project. Following a strategic review of their work in East Africa Tear Fund ended their support for the Kondoa project from September 2023 but the project has continued with the same level of financial support from St James through the DI0Se of Rochester which has a link to the Diocese of Kondoa. Following a large one off gift to the project in 2024 St James was also able to fund an additional workshop targeting youth groups. We were delighted to welcome Bishop Given to a morning service at St James when he visited the UK in November. Six members of the church, including our vicar, are planning to visit the project in June 2025 and report back to the church on the effectiveness of the training that is being provided. We held a Christmas Mission Fair in 2024 which raised over £5,000 for mission activity. A ladies, social evening raised £322 for Charlies Angels and a ladies, breakfast supported Tunbridge Wells Youth for Christ. The men's curry evening raised £525 for Mosaic. Three members of our Sunday school held a cake sale in aid of Imago Dei on Pentecost Sunday. The Quorum chamber choir concert raised £285 for our Tanzania project. There was a lovely evening of music by the Cadets, band and the Orpheus Male Voice Choir to raise money for the Sea Cadets In June 2024 St James hosted a hustings for the General Election. Six of the seven candidates took part, 319 people attended in person and there were almost 1000 views online. We were delighted to be able to run a well-attended holiday club this summer which ended with an excellent BBQ lunch. Our Maundy Thursday suppers and the Light Party held on 31 October were well supported. Other events were held to add to the day-to-day witness of church members in their households, neighbourhoods and workplaces. Baby space (for babies aged 0-1 year olds), ABC (for 1-3 year olds) and Rooted, our Youth Club. ran throughout the year. The CAMEO. Creative Chat and Sunday table tennis groups continue to provide friendship and support. Our monthly Who Let the Dads Out group continues to thrive. Our Youth Worker, Vicar and Lay Evangelist have run a Refresh group with cake, drink, and fun Page 2
CHARITY INFORMATION children's activities outside church on a Wednesday afternoon for children and families walking home from school. This is an opportunity to form friendships with families, showing that our church is open for everyone and letting people know about upcoming events. We have seen that building those relationships and being consistently present has meant that some have started coming along to church. Our vicar is co-vice-chair of the governing body of St James Primary School and she or our curate take two assemblies each week. Links between the church are strong and increasing. The PCC set aside 11.5 % of its donated income in 2024 for the support of mission activities and held events to raise money for mission. Gifts to mission partners. mission and relief organisations and other grants in the year totalled over £38,000. The PCC operates the Pre-school which is overseen by our Operations Manager, who attends PCC meetings. The day-to-day work of the Pre-school is the responsibility of the manager and the administrator who maintain very regular contact with the PCC through the Incumbent, the treasurer and the Operations Manager. We were very pleased that the Pre School was graded as Good in all areas following an Ofsted inspection in the Autumn of 2024. The Pre-school maintains records in accordance with Ofsted and KCC requirements and has its own reserves, within the overall reserves of the PCC, to meet any liabilities arising out of employment or other issues. Following a time of prayer and reflection, the PCC made the difficult but unanimous decision to close the After School Club at the end of May 2024. St James had run the club for about the last 15 years. This decision was taken for three main reasons: the school had grown in numbers to 630 children and so wanted to be able to offer more than the ASC maximum capacity of 30 places. None of the staff were members of St James Church and the ASC operated at the school which meant that many people did not know that it was church run. This undermined its intended function as reaching out to the school community with Jesus, love. Recruiting and retaining staff was very difficult taking up a lot of the Operations manager and Vicar's time that would be better spent elsewhere. In 2025 the PCC and the church will continue to minister to the local population and to its members, provide teaching and worship through its regular services and home groups and to support mission activity locally, in the UK and in other countries. Page 3
CHARITY INFORMATION FINANCIAL REVIEW The Unrestricted General Fund made a loss of £29,400 in 2024 before a transfer of £25,000 from the After School Club fvnds reduced the loss to £4,600. Income The Unrestricted General Fund had a total income of £254,000 in 2024 compared with £286,000 in 2023. The parish is supported in its work by income from regular giving and donations from members of the congregation. Including income tax recoverable under the Gift Aid scheme, donations to the Unrestricted General Fund fell from £187,000 in 2023 to £160,000 in 2024, a fall of £27,000. Regular planned giving was down £1,000, unplanned giving was down £17,000 and Gift Aid recoveries were down £9,000 compared with 2023. Even allowing for some large one-off donations in 2023 this fall in donations is concerning and the congregation will be challenged to increase their donations substantially in 2025. We received a Listed places of Worship grant totalling £1.100. This is a refund for VAT paid on repairs to the church building. Income from fees for weddings and funerals was £3,450. The Diocesan Board of Finance (DBF) portion of the fees is payable to the diocese and this amounted to £1,650 in 2024. Income from the letting of church premises was £21,000, down £600 from 2023. Property rental income was £48,500, unchanged from 2023. At the end of 2017 the PCC signed a 20-year contract with Net Coverage Solutions for the use of telecomrnunications equipment in the church spire for an annual rental of £7,000 from 2018. Expenditure Total unrestricted fund general expenditure in 2024 was £270,500 compared with £258.500 in 2023. Following the decrease in giving, the 11.5 % tithe from donation income (including Gift Aid) was £18,000 compared with £21,000 in 2023. This tithe is set aside for mission-related activity as shown in note 17 to the accounts. Page 4
CHARITY INFORMATION The PCC'S contribution to diocesan costs, including clergy stipends, increased from £79,000 to £83,000. Maintenance and equipment work done in 2024 included a repair to the church house roof (total cost £14,500), renewal of church house roof lights (cost £6,500) replacement of the Church House boiler (cost £5,000), replacement of the Church Hall immersion heater (cost £1,500) and replacement of the AV camera controller (cost £2,000). Total Maintenan and equipment costs excluding maintenance to the tenanted properties was £43,000 in 2024 compared with £37,000 in 2023. Rev Caz Mills was appointed as our curate in September 2023. Clergy expenses increased by £2,000 in 2024 following her first full year of service. Salary costs increased by £8,000 in 2024 due to inflation-linked salary increases and an increase in hours worked for the church by our Operations Manager. Pre-school and After-school Club The After School Club closed at the end of May 2024, making an operating surplus for 2024 of £2,000 after allowing for the expenses of closure. A transfer of £25,000 of their funds was made to the Unrestricted General Fund. The Pre School made an operating loss of £5,000. This included training grants totalling £2.500 to enable 2 staff members to obtain further qualifications. Pre-school and the After School Club recorded a combined operating loss of £3,000 in 2024 compared to a surplus of £27,000 in 2023. Funds At the end of the year, total assets of the PCC stood at £2.402,862, an increase of £17,311 from 2023. This represents an overall loss of £25,689 in net current assets plus an increase of £43.000 in unrealised property gains. Page 5
CHARITY INFORMATION As a charity we are bound by FRS102, known as the Charity SORP. Since the two Church House flats are let to tenants they must be treated as investment properties, and we are required to hold a current valuation in the accounts. The value of land and buildings and equipment owned by the PCC at Church House and Andrews Close in the accounts increased by £40,000 from £1,938,000 to £1,978,000 in 2024. £15,500 is tithe still to be donated, £56,000 is funds for repairs and building projects, £108,500 is the retained reserves from the After-school Club while a further £121,000 is set aside for special projects and £5,000 for other designated funds. £41,500 is restricted for mission giving (including to the Tanzania CCMP project), the Vicar's discretionary Fund, the Nicholson bequest and the Pre-school so available for expenditure only on those activities. This left a General Fund of £77,000 for use as the PCC sees fit, within the objects of the charity. The PCC'S Reserves Policy is to maintain sufficient level of reserves to enable normal operating activities to continue over a period of up to 3 months should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time. The General Fund represents 3.6 months of income and 3.4 months of expenditure which is in line with this target. The PCC has agreed to an increase of over £66,000 in the Fabric expenditure in 2025. This is required to address a backlog of urgent projects and will be met from reserves and from the proceeds of a planned appeal. Taking into account the financial position of the charity on 31 December 2024 and the expected income and expenditure for 2025, the members of the PCC believe that it is appropriate to consider the charity a going concem from the date of the approval of the accounts. Reserves policy The reserves policy is that general funds should be at least the equivalent of three months of general fund expenditure which amounted to £68,000. The Unrestricted General Fund held £77,000 at 31st December 2024. The reserves held were therefore higher than the minimum required. Page 6
CHARITY INFORMATION STRUCTURE, GOVERNANCE AND MANAGEMENT The members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) following the church representation rules. The members of the PCC during 2024 are shown in the Charity Information page. The PCC delegates its work in the parish to Ministry Groups, made up of at least the vicar, wardens and one member of the PCC and other members of the congregation. Each Ministry Group meets regularly to consider and act upon the area of responsibility that it has been given by the PCC. Each Ministry Group reports back to the PCC at least once every year and minutes of Ministry Group meetings are made available to the members of the PCC. In addition to monitoring and directing the work of the Ministry Groups (including the Finance Ministry Group) the PCC regularly considered safeguarding issues and worked with our Safeguarding officer to implement improved safeguarding practices, complete the safeguarding dashboard and compile job descriptions for all our volunteer roles. PCC meetings in the first half of 2024 focussed the decision to close the After School Club and the closure arrangements. Following the appointment of a new chair of the Fabric Ministry Group in the Summer of 2024, a large backlog of fabric projects was identified and prioritised. The PCC debated how these projects should be funded and budgeted for. SAFEGUARDING The PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 with regard to the House of Bishops, guidance on Safeguarding children and vulnerable adults. Page 7
CHARITY INFORMATION The Ministry Groups are: Name Teaching and ministry Res onsible for Leading and directing the teaching and ministry in church services, home rou s and other forums Leadin and directin the worshi in our services Funding mission work in the parish, the town and overseas and su ortin the work racticall and throu ra er Building links to the local community to bring the gospel through personal contact and relationshi Maintaining the buildings and facilities of the church and other buildings to serve the arish, the members of the church and other users Focusing on the work amongst our children and young people including planning the activities in Sunday Groups, special events and developing the skills of the volunteers Monitoring the financial health of the church, planning for future demands on finances and advisin the PCC on financial matters Worshi Mission Local outreach Fabric Children and Young People Finance The PCC is grateful for the time, talents and enthusiasm of the members of the church that give their services through these groups, and for everyone who partakes in the lrfe of the church through Sunday School teaching, youth work, music, maintenance and many other activities. The PCC appoints representatives to serve on Churches for Tunbridge Wells and to serrfe as Govemors for the church school in the parish, St James, Primary School. The PCC appoints representatives to serve on Churches for Tunbridge Wells and to serve as Govemors for the church school in the parish, St James, Primary School. Page 8
CHARITY INFORMATION STATEMENT OF TRUSTEE RESPONSIBILITIES Charity Law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that period. In preparing these financial statements the PCC has: Selected suitable accounting policies and applied them consistently Made judgements and estimates that are reasonable and prudent Stated whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements and Prepared the financial statements on the ongoing concem basis The PCC has overall responsibility for ensuring the charity has appropriate systems of control. financial and otherwise. Its members are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that: The charity is operating efficiently and effectively The assets are safeguarded against unauthorised use and disposition Proper records are maintained and financial infonnation used within the charity or for publication is reliable The charity complies with relevant laws and regulations Approved by the PCC on 26th March 2025 and signed on its behalf by Judi Hammill, Vicar Page 9
St James PCC Tunbridge Wells Accounts 2024 Page 10
st Jame$. PCC. Tunbridge Wells STATEMENT OF FINANCIAL ACTMTIES for the year ended 31st December 2024 2024 Restricted Funds 2023 Restrlctod Funds Unrestrlcled Funds Total Funds Unrestrlcted Funds Total Funds Note INCOME FROM: Donations Legacies Income from operating 8divitles.' - to furlher Coundl'$ object - to generate funds Incom8 from investments Other ordinary inGomlng resources 2(8) 2(b) 160,109 15,470 175,579 187.210 674 12,556 199,766 674 2(c) 2(d) 2(e) 2(Q 127,650 70,739 198.389 191,701 71,795 263,496 15.764 1,108 15,771 1,108 12.351 3,337 12,356 3,337 TOTAL INCOMING RESOURCES 304.631 86.216 390.847 395,273 84.356 479,629 EXPENDITURE ON: Grants 3(a) 17,289.00 21,322 38.611 33,308 17.742 51,050 Activit18s directly relating to the Work of Ihe Church 3(b) 316,904 61,021 377.925 346,148 56.067 402,215 TOTAL RESOURCES USED 334.193 82,343 416,538 379.456 73,809 453,265 NET INCOMING RESOURCES 129,562) 3.873 (25.6891 15,817 10,547 26,364 Transfers between Funds 8,250 (8,250) 13,482 (13,482) Gain on revalualion of investments 43,000 43,000 644,894 644,894 NET MOVEMENT IN FUNDS 21.688 143rn 17,311 674,193 12,935) 671,258 Balan¢•s brought torward 1 st January 2024 2,339,590 45,962 2,385,551 1,665.397 48,896 1.714.294 BALANCES CARRIED FORWARD 31st DECEMBER 2024 2,361,277 41.585 2.402.862 2,339,590 45.961 1385,552 The no¢es on pages 14 10 27 fonn p8rt of th888 accwThts Page 12
st James. PCC, Tunbrldge Wells Registered charlty no. 1136988 BALANCE SHEET as al 31st DECEMBER 2024 Note 2024 2023 FIXED ASSErs Tangible Fixed Assets Investments 996,112 982,000 1,978,112 999,000 939,000 1,938,000 CURRENT ASSErs Debtors Short Temi 08posiIs Cash al Bank & In Hand 24.727 344,959 67,025 436.711 20,454 342,766 103.301 466.521 10 LIABILITIES amounls falling du8 wlthin 1 year 11 11.961 18,969 NET CURRENT ASSErs 424,749.540 447,552 NET ASSErs 2,402,862 2,385,552 FUNDS Unrestrl¢tod - General Designated 13 13 14 76,991 2.284.286 41,585 81,598 2,257,992 45.962 Restricted 2.402.862 2,385.552 Approved by the Trustees of the Parochial Church Council and signed on Its behalf by Date: 2(103125 The notes on pages 14 tD 27 fonn part of these accounts Page 13
St James, PCC, Tunbridge Wells NOTES TO THE ACCOUNTS for the year ended 31st December 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church A¢¢ounting Regulations 2006, the UK Financial Reporting Standard 102 and thè Charities Statement of Recommended Practice for accounting pwiods beginning on or after 1 January 2015 ISORP 20151. Because of the size of the Charity. the accounts are not required to present a cash flow statement. The financial statements h8ve been prepared under the historic cost convenlion apart from the revaluation of properties. Funds Unrestricted fijnds represent the funds of the PCC that ar8 available for application on the general purposes of the PCC. The General Fund Is avallable for day to day activities and to provide a cushion in the event of unexpected events. Designated funds are those set aside by the PCC for a particular purpose and are also unrestrlcted. The 8c¢ounts include all transactions, assets and Ilabllllles for whlch the PCC 1$ responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are infomial gatherings of church members. Restricted funds are funds which are to be used in a¢¢ordan¢e wllh spe¢lfl¢ restrictions imposed by donors or which have been raised by the PCC for particular purposes. Transfers beeen funds are madè where the fund Is no longer required or to match donations to $peGif funds. Incomin9 Rgsourcg$ Voluntary income and capital sour¢es.' Collections are rgcognised when received by or on behalf of the PCC. Gift aid recov8rable is recognised when Ihe PCC ha5 the approptiale gift aid declarations and when Ihe related incorne has been recetved. Grants and legacies lo the PCC are recognised when Ihe PCC is notified of its enlillement and the amount 15 more likely than not to be received and the valu& of the income is able to be estimated reliably. Funds raised by coffee mornings. Mission Fairs or similar events are reported gross. otherordinary income.. Rental Income from the letting of church premises is recognised when th8 rent is due. Income from Prtrschool fees and After School Club fees 15 recognised when sessions are provided. Page 14
Sl Jamos. PCC, Tunbrldgo W•lls NOTES TO THE ACCOUNTS for the year ended 31st 0e¢ember 2024 (¢ontlnued) ACCOUNTING POLICIES (contlnued) Resources Used Granls.- Grants and donations arè rècognised when paid ovèr, or when awarded, if that award crèates a binding oblaOn on the PCC. Activrfies directly relating to the wort of the church.. The diocesan offer is recognlsed when payae. Fixed Assets Consgcrated land and buildings and moveable church fvmishings.. Consecral8d and benaficed propety is &xcluded from the accounts by s.10(2) of th8 Charities Act 2014. The treatment of other prop9ty assets is detailed in the note lo these accounts. No value Is placed on moveable church furnlshings held by the ¢hurchwardens on speclal trust for the PCC and which require a faculty for dlsposal since the PCC ¢on$iders this to be inalienable propety. All expenditure incurred durlng the year on consecrated or beneficed buildings and moveable ¢hur¢h furnishings, whether maintenance or improvement, Is wrftten off as expendllure In the Statement of Flnanclal Activities {SOFA} and separately discfosed. Provision will be made should any annual impairment review of fixed assets indicate that a pennanent diminution In valu8 has o¢¢urred. Other18nd and buildings The PCC has tsken advantage of the provlslons for transltlon to reportlng under FRS 102 by tsking the valuation of the properties at 31 December 2013 as their deemed cost. No depre¢iation is provided on the properties as maintenance expenditure maintains iheir current 8tat8. Properties are subject to an impairment review each year for factors that have irnpaired the value of the buildings. No such impaiment is necessary In the current financial year. other fixtures, ffttings and office equlpment.. All equipment with a purthase pric8 of19sS than £1.000 is recognised as revenue 9xpenditur8 when the item Is purchased. Al items with a purchase pri¢e of more than £1,000 have been capilalis8d in the year of purcha58. AJI tangible fixed assets are depreciated evenly over their estimated useful lives as follows: Computers 3 years Equipment 5 years Page 15
st James. PCC, Tunbrldge Well$ NOTES TO THE ACCOUNTS for the year endod 31st December 2024 (contlnuedl ACCOUNTING POLICIES {¢ontInu> Current Assets: Amounts owing to the PCC at 31 December in respect of fees, rents or ¢)ther income are shown as debtors, less provision for any amounts that may prove uncollectable. assessed Case by Se. Short-tgrm dgPOSits include cash held on dewsit either with the Dlocesan Board of Finance or at the bank. Stock is valued at the lower of cost and net realisable value. Liabilitl¢s Liabilities are recognised in the financial statements when. at the date of Ihe accounts. the is an obligation to a third party as a result of a past event where it is probable Ihal a transfer of money or other economic benefit will be required to settle the liability, and where the value of the liabilty can be estimated reliably. Liabilities are recognised at the value of the payment that will be required to settle the liability or the amount received as advance payment for the services it is to provide. Page 16
St James. PCC, Tunbridge Wells NOTES TO THE AccouFifs for the year ended 31st Docernbgr 2024 (¢ontlnued) INCOM114G RESOURCES 2024 2023 T•tsl Funds Unre$trl¢ted Funds R¢$lAc¢¢d Fund$ Total 21al Incomlng resources trom dowrs Plann8d giving.. rèQUr donath)ns stardShiP 8nvdope8 95.884 929 96.813 3.777 99,461 929 100,390 101,817 3,777 102.759 CollBCtions and onlin8 giving Sundry donations InsDmo reGDverable- GThlAid 10,745 24,Q06 28,T45 160,109 10.745 33,652 30,792 175,579 10,102 9.847 2.046 15,470 41.864 199.765 21bl Olhorvoluntsry Ineomlng re$ouree¥ L8gaues Incom* from opemting a¢liviti$s.' lo furthèr Counol's objects Church Preml$es letJngs Flat and hru6e rentals (note 41 Telecom¥ rentals Pre-scho(A Inole 51 Aftèr School Club (note 61 Chrfstmas Falr F8e5 for servic?5 Subscdptlon$ Other Parish Incom& Other Parfsh Events 674 21c 20,927 48.480 6.700 20,927 48,490 6,700 64,485 48,469 S.043 1.825 1,171 56 1,222 198A89 21,566 48,520 6.71Y) 68,364 108.052 3.326 3.067 1269 64,485 48,469 5,043 1.825 1.171 12 127,650 1.211 70.739 2.536 2fj3N96 21dl In¢ome from oparating activiti88.' to g8ngrale fvnd% Other fund ral$lng gvents In¢ome from Inve$tmgnt$ Intgre$t Indudlng 8ny re¢lalmat4e ta¥ other rxdlnary Incomlng rewur 2101 15,764 15,T11 12.356 21fj L15t8d Pac88 of Worshlp grant 1,108 1.108 304,631 1,108 1,108 390,847 3.337 3.337 479,628 TOTAL INCOMING RESOURCES 86,216 Page 17
st James. PCC, Tunbridge Wells NO. TO THE ACCOUNTS for the year ended 31st Deceml I024 {continued) 2024 ResovR¢es USED 2023 Total Fund$ Unre8trFetsd Funds Re$trleted Funds 31al Grants (see note 17 for more detslll Churth overseas: Ml$slons wlth Ilnk m18s1onarfes Mlsslonary socledeB Rell&f 8nd Development Agencle8 Home mls$lons and other Chur¢h So¢leJe$ 3,900 5,659 1.31)1) 4.930 15,789.00 3.90Q ,059 15,650 9,502 37,112 3,250 15.026 14,794 16,480 49.550 2,4 14,3SO 4,572 21,322 Total Grant to Sl Jame5 Prirnary SchDDI 1.500 1.500 1.50D 17,2a9 21,322 38.612 Sl,050 31bl DirectActivits'8S Ministry costs.. DvJc•$8n Offèr Clergy travollphona expenses Clergy Housing costs other dergy •xpons•$ 83,228 2,092 4,671 83,228 2.092 4.671 554 79,265 1.525 5.155 Operaung Costs church Runnlng expen8eB Malntenance 2nd 8qulpmanl purchasa8 ¢lwJr¢h Hall runnlng oxp8n$es Church House njnnlng exp8Dses Church activilias.. Pravschod (not8 51 ¢Tch Activiti85.' After School Club Inole 61 Other Partsh ¢08ts'. Music Fl¢)wers SUbscrfpOn3 Oiit#l Expenses Church organisations Training18y leader5 Readers and Pastoral A6s1stsnt tralnlng Lay Stsff expenses Padsh events Sunrtry and dl8cr8tlonary gffts Prfntlng and statlonary Salarios staff tralnlng Equlpment hlrelrap81r Pr¢perty Rental mana98ment & en$8$ Inots 41 Sundry expenses Pa011 administraOn Bank charges and loan Int8rest Equipment depCiation Ind. Examlnatlon 8nd other profe$slon81 lees 20.481 43,340 1,949 4.989 20.481 43.340 1.949 4.989 61,014 46,609 23.571 36,678 3,535 6.774 54,305 87,453 61,014 48,609 1,212 1.212 50 1.679 1,852 1941 582 150 287 4.859 536 2.341 1,277 397 166 614 1,288 90 1,908 86,453 536 2.341 1,277 397 166 614 1,295 90 1.908 86.453 2.377 78.310 20 4.365 2,231 1,980 201 2.889 1,042 4,365 2.231 1,980 201 2.889 1.042 5.596 1.876 2.100 162 2,889 1258 316,904 61,021 377,925 402215 TOTAL RESOURCES USED 334,193 82,343 416,536 453.265 Page 18
St James, PCC. Tunbridge Wg11s NOTES TO THE ACCOUNTS for the yoar ended 31st Decornr 2024 {eontSnued} CHURCH RENTAL ACCOUNTS 2024 2023 R•ntsl Income from Church House flats and 3 Andre Cl¢)S• 48,490 48,520 Management fees paid (including VAT) Repairs and maintenance 4.365 5.596 (4,365 44,125 5,596 42,924 Surplus for perlod Following the promotion of our curate to become the vicar the PCC refurbished 3 Andrew's close where the curate had been Ilving and let it to AspensCharitie5 from December 2023. Page 19
st James. PCC, Tunbrldge Wells NOTES TO THE ACCOUNTS for the year ended 31st December 2024 (continued) PRESCHOOL ACCOUNTS 2024 2023 Incomo Fee Income Grants- KCC Other income 18.143 22.920 45,588 754 43,567 1.8TI 46.342 64,485 68.364 Job retention Schem8 Investment Income Total Income Exponsos Salaries Rent Sl James Tralning Equipment Repairs and capital expenses Refreshments Postage and Stationery etc. Art & Craft materials Registration fees Sundry 64,492 68,369 55,455 8,250 2,590 675 51.289 7.750 101 374 1,040 177 712 76 289 1,153 279 750 114 265 89,264 4,772 62.055 6.315 Surplusl(deflclt) for the year The Pre-school rent is paid lo the Parish for the use of Church House. This is treated as an inter-fijnd transfer in th& Statement of Financial Activities. Consequently. the Pr&School expendltur8 Snclud8d In the Statement of Financial Activities is £61,014 (i.e. £69,264 less £8.2501. Page 20
st James. PCC, Tunbrldge Wells NOTES TO THE ACCOUNTS for the year ended 31st December 2024 Icontlnued) AFfER SCHOOL CLUB ACCOUNTS 2024 2023 Income Fee Incom8 Other Income Investment Incomg Total incom Exponso$ Salaries Rent Tralnlng Equipment Calerlng supplles Postage and Stalion&ry et¢. Art & Craft maleri818 Registration fees Sundry 48.466 108.052 48,466 108,052 37.603 5,395 95 (30) 2.697 66,785 11,816 270 735 6,227 225 256 114 1.025 128 114 607 46.608 1,858 87,453 20,599 Surplu$l{deficitl for the ygar The After School club dosed at the end of May 2024 STAFF COSTS Wages and salaries Employers NIC contributions net of employm8nt allowanc8 Employers pension contrfbullons 175,966 1,629 1,916 179.511 191,840 2.663 1.860 196.363 During Ihe period Ihg PCC gmployed part time church administrators. a part time operations manager. a part tlmo caretaker, a Youth Worker and a part tlme cleaner. An average of 8 staff and an administrator were employed for the pres¢hool and an average of 7 staff and an administrator were employed for the After- School Club until il cosed al the end of May 2024. None of these Staff members eamed £60,000 per annum or more. Organists are paid as sessional musicians and their wages are In¢luded In the lolals ai)ove. Page 21
Sl Jamo$' PCC. Tunbrldge Wells NOTES TO THE ACCOUNTS for the year ended 31$t December 2024 Icontlnued) FIXED ASSETS FOR USE BY THE PCC Land and Buildings As set out in Note 1 to these accounts. the PCC Is not obllged under Ihe requlremenls of Ihe Charltles SORP to allocate any value to ¢onsecrated bulldlngs. The Parish has legal liUe lo a freehold property known as Church House. An independent valuation carried out by Sumner Pridham on 5 Do¢gmber 2001 valued this prop8ty at £550,000. In addition £1,581 was capitalised in 2002. The Parish owns 100gk of the legal inleresl in 3 Andrews Close. the curate's house. An independent valuation Carried out by Sumner Prldham in Decembgr 2001 valued Ihls property at £255.000. Under the provi$ion$ of FRS102 the PCC ele¢ted to treat the value of the properties at 31 December 2013 as their deemed cost. In 2023 The PCC declded that one thSrd of chUh House should be treated as an Investment property rather than as a tsngible fixed asset. as It Is a mlxed use propety Contalnlng two flats whl¢h are let lo tenants under a renlal agreement. Tanglble Flxed Assets Land and Bulldlngs Computers Equlpment Total COST At 1st January 2024 Additions At 31st December 2024 996.112 1,389 66,836 1.064,337 996,112 1,389 66,836 1.064,337 DEPRECIATION At 1st January 2024 Charge for the peric#l At 31st December 2024 1,389 63,947 2,889 66,836 65,336 2,889 68,225 1,389 NET BOOK VALUE At 31st December 2024 996,112 996,112 At 31st December 2023 996.112 2.889 999,001 Invoslments Land and Buildings COST At 1st January 2023 Restatement as at 1 January 2022 Change In revaluallon to 1 J8n 2024 Change in revaluation al 1 Jan 2024 At 31st December 2024 294,106 644,894 43,000 982.000 The current sale valuation of the Church House flats (£561,000 for flat 1 and £421,000 for flat 2) is from th8 Zoopla website Page 22
St Jamas, PCC, Tunbridg• W•lls NOTES TO THE ACCOUNTS for the year endod 31st 0oc8mb•r 2024 (continued) 2024 Re$trlded Fund8 2023 Total Unrestrl¢t¢d Fund8 Total DEBTORS Tax Recoveries Prepayments Other Dabtors 11,476 879 12.355 10.988 10,591 22,067 1,781 2,660 12,372 24,727 9,466 20.453 10. SHORT TERM DEPOSITS Hampshlr8 Trust Bank One year bond Unit8d Trust Bank TWO year bond Cambridge and Counties One year bond Diocesan Deposit Fund Diocesan Repair Fund C¢>OP Business Select Instant Access Pre School Buslness select Instant Access Metro In$tant A¢¢e$$ 40.¢YJo 80.000 62,543 94,916 31,245 35,422 40.000 80.01)0 62,543 94,916 31,245 35,422 80,000 80,000 60.000 91.036 25.184 5,250 472 823 342,765 832 344,959 832 344,959 11. CREDITORS Accruals Sundry Creditors 17,482) 741 8,223 (7.482) 4,479 11,961 (8,464) 10,505 18,969 3,738 3,738 12. ANALYSIS OF NET ASSETS BY FUNDS Fixed Assets Cash and short term deposits Current Assets Current Liabilities 1,978.112 369,321 22,067 8,223 2,361,277 1,978,112 411.984 24,727 111,961 2,402.862 1.938.000 446.066 20,454 118.9691 2,385,551 42.663 2,660 3,7381 41,585 Page 23
St Jamgs, PCC, Tunbridg9 W911$ NOTES TO THE ACCOUNTS for lh• year •nd•d 31st Do¢ombor 20241¢onllnu•d) 13. UNRESTRICTED FUNDS change in Unroali50d Transfers galnslloss•s 0110112024 Income Expenditura 3111212024 General Fund Other Net Assets 81,598 81,598 254,031 2S4,031 270,663 270,683 12,024 12,024 76,991 76,991 Deslgnated Accounts Fixed Assets Missions Fund General Church Repair Funds Special Projects Fund M Donald - Tralnlng Fund Flower Funds After School Club Assoclated Organls8tlons 1.938,000 12,527 49,535 121.000 3,553 42 131,751 1.583 2,257,992 12.889) 18,413 5,750 43.000 1,978.112 15,380 56.245 121,000 3,553 42 108,611 1,343 2,284,286 (15.559) 960 48.469 1,171 50,600 (46,609} 1,363 63,531 125,0001 48 3,774 43,000 Total Unr0Strid•d Funds 2,339.590 304.631 334,194 8,250 43,000 2,361,277 14. RESTRICTED FUNDS 0110112024 Income Expendlture Transfers 3111212024 Mission Specific Giving Tanzania CCMP Vicars Discretionary Organ Repair Restricted Fund Preschool Nicholson Bequest 1,934.09 10,841.51 6.555.40 699.15 22,623.41 3,308.00 4S,961.$6 8,698 12,676 350 (6.6681 (14,3501 (3101 (1,0151 1,015 2.949 10,182 6.595 699 17,851 3,308 41,585 64,492 161.014} 18.250) 86,216 82,343 8,250 Page 24
st Jamès. PCC, Tunbrldg• Walls NOTES TO THE ACCOUNTS for the year ended 31st De¢ombor 2024 {contlnu•d) 15. DESCRIPTION OF FUNDS The General Fund represents the funds available to the PCC for the day to day running of the thurch and the parish. Discretionary funds are unrestricted but have been set aside by the PCC for specific purposes The Fixed Asset Fund consists of 2 properties owned by the PCC (Church House and 3 Andrews Close) together with computers and Equipment within their depreciation poriod. The Mission General Fund holds the funds sel aside for distribution to our mission links and olher mission charities SUPPOrted by the church The Church Repair Funds represent the funds Isome of which are held by the Diocese) set aside for fvtU quinquennial repairs. The Special Projects fund represents funds $el aslde for future prolecls, Includlng the costs of our Youth worker. M. Donald Training Fund represents a lega¢y whl¢h the PCC sel aside to provide assistanGe for training purposes. The Flower Fund is the amount given to the flower c(rdinatOr to decorate the church each Sunday and for special occasions. Assodated Organisatlons show the total movements of the funds held by various bodies belonging to the parish fellowship. The Restri¢led Funds represent funds given with specific restrictions on their use imposed by the donors and cannot b8 used by the PCC for any other purpose without the express permission of the donors. The Mission Specific fund is used to accumulate Ihe fund-raising activities undertaken by the parish for mission purposes and to distribute the funds raised to a rarvJe of mission organisations as listed in note 17. The Tanzania CCMP fund represents donations received for the CCMP Kondoa project supported through the Rochester Ditscese partnership Ilnk.. Th8 Vicarfs Discretionary Fund is set aside for assistance to parishioners Slrffering hardship al the absolute confidential discretion of the vicar. The Organ Repair Fund fund repSentS donations received for th8 Cost of Organ repairs. The Pre Sthool Fund rgpres9nts Fund5 Used by the Pie School The Nicholson Bequest fund holds a b8quest to St James from the late Davld Cyrll Nlcholson whlch must be spent in accordance with th& wish&s of the Nl¢holson Family Page 25
16. TRANSACTIONS WITH PCC MEMBERS During the year the following members of the PCC were reimbursed expenses as follows: Frankie Shortland Judl Hammlll Caz Mlll$ Total Car and telephone expenses Miscellaneous Expenses £0 £255 £1.837 £554 £1,837 £909 £100 £255 £2,391 £100 £2.746 The PCC has entered into a contract with 8 company in which on8 member of the PCC, Mr Michael Phillips, has an interest. Mr. Mlchael Phillips was not involved in the decision to award this contract, with an annual value of £1,440 excluding VAT, for the provision of payroll admlnlstratlon services. No PCC members or their close family members receive remuneration from the PCC: The total amount donated to the unrestricted general fund by members of the PCC and their close relations in 2024, exduding any Gift Aid r•¢ovarablo, was £50,9501£46,710 In 20231. Page 26
St James. PCC, Tunbridge Wells NOTES TO THE ACCOUNTS for tho year ended 31st December 2024 Icontinuod) 17. GRApifs PAJD An analysls ofgrants pald l& glven 0. Oth•r unr••tri¢ts Funds Dl$¢r•llonary Fund Ml8slon General Mlsslon Sp•rifi¢ Tanzanla Ov•r58as Ml88lons wlth Llnk Pgrtner8 sIng In Mission ISIMI Interservè Christm8s Gnls soo Ov•rs¢a$ Mlsslon•ry Rellef Svcletie$ ThB Society Leprosy M155iDn Hope Gaen$ S8t7 1.2(Kl 2.259 2,4.00 CCMP pmlèct In Kondoa, Tanzanla Mission tfiP5 to Kondoa Roth'r Dioce&e Povety & frb)pe Appeal TEAR Fun¢ general fund 14.350 100 1.2CK) Home M15Blon6 gnd Other Church SoGlotb8 Spurg80ns Iprovious known as Fegansl Church Pastoral Society Tunbridge Well8 Youlh For Chri&t Mt>sa 1,200 1.200 1,015 2.400 525 st Ph1p'S Church Communlty Larder Care for the Famlly (Mh8r Dfjs¢rotlonary yEf(s 180 150 2,200 310 323 Tol•l Grnbts mad¢ 15.459 330 31Q 6,663 14,3SO Page 27
Independent Examiner’s Report to the Trustees of the Parochial Church Council of the Ecclesiastical Parish of St James, Tunbridge Wells
I report to the trustees on my examination of the accounts of the above charity for the year ended 31[st] December 2024.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
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requirement that the accounts give 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 connection 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.
Signed: Zachary Ramsden
Name: Zachary Ramsden FCA
Chartered Accountant
63 Deakin Leas, Tonbridge, Kent TN9 2JT
Date: 27th March 2025
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