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2021-12-31-accounts

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

Charity number: 1138031

ST JAMES CHURCH ALPERTON

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 21

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees

Revd Steve Taylor, Vicar Revd Ali Taylor, Vicar Revd Amelia Jacob, N.S.M Sandria Terrelonge (resigned 29 May 2021) Joy Niroshan Joseph Martha Parkurst Amos Nishanthan Sam Awale (resigned 29 May 2021) Petrunella Brownbill Edna Emmanuel (resigned 29 May 2021) Paul Gaware (appointed 29 May 2021) Bruno Fernando (resigned 29 May 2021) John Worthington (appointed 26 May 2021) Manisha Gaware Glaxen Jebamalathasan Pamela Johnson Vijay Josiah Robert Kantepudi Ajit Khristi Anshul Mahida Anil Porxotomo Ms Dimitrinka Radeva James Salter David Shaw Mayank Solikar Chris Sunderland (appointed 26 May 2021)

Charity registered number

1138031

Principal office

Stanley Avenue Wembley HA0 4JB

Accountants

Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS

Page 1

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The PCC members (PCC members) present their annual report together with the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St James, Alperton (the church) for the year ended 31 December 2021. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Objectives and activities

a. Policies and objectives

The primary object of the PCC is the promotion of the Gospel of our Lord Jesus in the ecclesiastical parish

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and in particular to its supplementary public benefit guidance on advancement of religion for the public benefit.

b. Strategies for achieving objectives

Historically at St James there are four Sunday services, two in English, one in Tamil and one in Hindi. However, services were suspended due to the Covid pandemic between April and September 9 2020 and, when restarted, were limited to a single service of Holy Communion at 10:30 on Sundays and Wednesdays.

In our Sunday services all members were invited and all prayers and music were translated into our different languages. We continued to sit socially-distanced and asked congregation members to wear masks throughout worship.

On Wednesdays our service of Holy Communion was entirely in English but was also socially-distanced and conducted with facemasks being worn.

We continued to publish our sermons online on our church website but began to add a ‘zoom link’ each service where members could join the service from home using the Zoom app.

In addition to the main worship services the charitable objectives are achieved in practice by undertaking the following supplementary activities:

  1. Providing building and open space to local population. The St James Centre is rented out to local families and used by external organisations such as A Perfect Start Nursery, a foster carers group and Tae Kwon Do class. The use of the building has varied depending on the level of lockdown being applied. Between April and July the church hosted the harrow food bank and church members weighed out donated flour, sugar, rice and tea into packages to be distributed at the Brent Indian Association on Ealing Road.

  2. Running regular religious education for both adults and children. This mostly happened online via the Zoom app.

  3. Running free English classes twice a week during school term time. This had two periods where classes stopped in 2021 due to rising Covid cases and volunteers needing to shield.

  4. Running ‘Healing on the streets’ public prayer in Alperton. This had been weekly pre-Lockdown but happened only half a dozen times in 2021 due to the pandemic

  5. Holding a baptism service at Easter 2021 (to celebrate people wanting to make a public commitment of faith.

Page 2

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Objectives and activities (continued)

Further examples of how the church sought to continue to build relationships within the local community in the year were through:

c. Charitable giving

We give financial support to individuals and charities all over the world. Beneficiaries of our support typically already have some connection to the church or some of its members and we seek to build ongoing relationships with our beneficiaries.

Achievements and performance

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

On Monday the 22nd June 2015, the PCC adopted a reserves policy, to be reviewed annu-ally. It was ratified at our meeting of 14th June 2021.

St James Church, Alperton has general, designated and endowment funds. Endowment funds are not relevant in the setting of reserves as they can only be used for their defined purpose.

The church aims to hold in reserve six months’ average expenditure on ministry costs, which is approximately £52,000.

The balance on unrestricted funds at 31 December 2021 was £217,672 (2020 - £174,774), with £82,883 (2020 - £37,576) being in designated funds, and £134,789 (2020 - £137,198) held in general funds, thus exceeding the target level of reserves. Any decision to spend reserves must be agreed in advance by the PCC and this policy will be reviewed annually.

c. Plans for the future

St James' is continuing to explore how, although our church family speak different languages, we all belong to one body. We are also looking at how we are a blessing to our parish in the way we live our lives day by day. In 2021, we commissioned architects to conduct a feasibility study into ways our building could be made more suitable for community use such as a lift to the 1st floor.

Page 3

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management

a. Organisational structure and decision-making policies

The management of the church is the responsibility of the PCC members who are elected by/from the electoral roll. The method of appointment of PCC members is set out in the Church Representation Rules.

The PCC has the responsibility of co-operating with the joint vicars, Revds Ali and Steve Taylor in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The Parochial Church Councils (Powers) Measure 1956 is the charity's governing document. The PCC is registered with the Charity Commission (charity number 1138031).

The PCC met a total of eight times in 2021.

The PCC has a building committee and a finance committee which deal with these particular areas of church administration. Both of these committees met twice in 2021.

b. Financial risk management

The PCC members have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the . 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Revd Steve Taylor

Date: 20 May 2022

Page 4

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Independent examiner's report to the Trustees of St James Church Alperton ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. 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.

Signed:

Richard Hill

Dated: 20/5/2022 FCA

Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS

Page 5

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Note
Income and endowments from:
Donations and legacies:
2
. Other donations and legacies
Charitable activities:
3
. Other charitable activities
Investments:
4
. Other investments
Total income and endowments
Expenditure on:
Charitable activities:
5
. Other charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Endowment
funds
2021
£
-
-
-
-
-
-
-
723,595
723,595		 Unrestricted
funds
2021
£
134,470
33,554
38
168,062
125,164
125,164
42,898
174,774
217,672		 Total
funds
2021
£
134,470
33,554
38
168,062
125,164
125,164
42,898
898,369
941,267		 Total
funds
2020
£
110,075
19,842
204
130,121
136,645
136,645
(6,524)
904,893
898,369

The notes on pages 8 to 21 form part of these financial statements.

Page 6

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

BALANCE SHEET AS AT 31 DECEMBER 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Endowment funds
12
Restricted funds
12
Unrestricted funds
12
Total funds		 2021
£
14,000
206,442
220,442
(2,770)		 2021
£
723,595
723,595
217,672
941,267
941,267
941,267
723,595
-
217,672
941,267		 2020
£
14,000
163,414
177,414
(2,640)		 2020
£
723,595
723,595
174,774
898,369
898,369
898,369
723,595
-
174,774
898,369

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ ................................................ Revd Steve Taylor Robert Kantepudi

Date: 20 May 2022

The notes on pages 8 to 21 form part of these financial statements.

Page 7

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

St James Church Alperton meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the church, and are rounded to the nearest £1.

1.2 Income

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.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Page 8

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies (continued)

1.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.5 Tangible fixed assets and depreciation

The PCC is in the unusual position amongst Church of England parishes in that the church from which its ministry operates is vested in the PCC rather than the incumbent. Accordingly the historical cost incurred some years ago of rebuilding the Parish Centre of Worship, which includes the church sanctuary, on the site of the original church, is carried within fixed assets on the balance sheet. See note 10.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - Freehold property is not depreciated
Parish Centre of Worship - Church building is not depreciated

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 9

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
76,295
Legacies
43,049
Tax recoverable
15,126
Total 2021
134,470
Unrestricted
funds
2020
£
Donations
76,075
Legacies
20,000
Tax recoverable
14,000
Total 2020
110,075		 Total
funds
2021
£
76,295
43,049
15,126
134,470
Total
funds
2020
£
76,075
20,000
14,000
110,075

3. Income from charitable activities

Unrestricted
funds
2021
£
Rent from Nursery, Tae Kwon Do and Kumon
31,174
Church hall and property lettings
1,402
Other income
978
Total 2021
33,554		 Total
funds
2021
£
31,174
1,402
978
33,554

Page 10

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3. Income from charitable activities (continued)

Unrestricted
funds
2020
£
Rent from Nursery, Tae Kwon Do and Kumon
18,098
Church hall and property lettings
1,290
Other income
454
Total 2020
19,842
Investment income
Unrestricted
funds
2021
£
Investment income - bank interest
38
Unrestricted
funds
2020
£
Investment income - bank interest
204		 Total
funds
2020
£
18,098
1,290
454
19,842
Total
funds
2021
£
38
Total
funds
2020
£
204

4. Investment income

5. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2021
£
Direct ministry costs
98,661
Direct building and maintenance costs
3,826
Support costs
22,677
Total 2021
125,164		 Total
funds
2021
£
98,661
3,826
22,677
125,164

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ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Direct ministry costs
Direct building and maintenance costs
Support costs
Total 2020		 Unrestricted
funds
2020
£
99,036
14,507
23,102
136,645		 Total
funds
2020
£
99,036
14,507
23,102
136,645

6. Analysis of expenditure by activities

Direct ministry costs
Direct building and maintenance costs
Support costs
Total 2021
Direct ministry costs
Direct building and maintenance costs
Support costs
Total 2020		 Activities
undertaken
directly
2021
£
75,761
3,826
-
79,587
Activities
undertaken
directly
2020
£
86,137
14,507
-
100,644		 Grant
funding of
activities
2021
£
22,900
-
-
22,900
Grant
funding of
activities
2020
£
12,900
-
-
12,900		 Support
costs
2021
£
-
-
22,677
22,677
Support
costs
2020
£
-
-
23,102
23,102		 Total
funds
2021
£
98,661
3,826
22,677
125,164
Total
funds
2020
£
99,037
14,507
23,102
136,645

Page 12

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ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Diocesan fund
Church repairs & maintenance
Church insurance
Evangelism
Church expenditure
Social events
Total 2021
Diocesan fund
Church repairs & maintenance
Church insurance
Catering and church cafe
Music expenditure
Youth and school expenditure
Church expenditure
Total 2020		 Direct
ministry
costs
2021
£
74,550
-
-
628
61
522
75,761
Direct
ministry
costs
2020
£
85,200
-
-
562
126
155
93
86,136		 Direct
building
and maint
2021
£
-
1,501
2,325
-
-
-
3,826
Direct
building and
maint
2020
£
-
12,072
2,435
-
-
-
-
14,507		 Total
funds
2021
£
74,550
1,501
2,325
628
61
522
79,587
Total
funds
2020
£
85,200
12,072
2,435
562
126
155
93
100,643

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DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Church office telephone
Printing, posting and stationery
Consumables
Training
Subscriptions
Cleaning
Light, heat & water
Bank charges
Fee for preparation and independent examination of statutory accounts
Total 2021		 Charitable
activities
2021
£
736
1,208
223
20
1,562
10,873
5,121
14
2,920
22,677		 Total
funds
2021
£
736
1,208
223
20
1,562
10,873
5,121
14
2,920
22,677
Church office telephone
Printing, posting and stationery
Consumables
Subscriptions
Cleaning
Light, heat & water
Fee for preparation and independent examination of statutory accounts
Total 2020		 Charitable
activities
2020
£
649
2,056
454
1,407
9,191
6,575
2,770
23,102		 Total
funds
2020
£
649
2,056
454
1,407
9,191
6,575
2,770
23,102

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DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Analysis of grants

Grants, Direct ministry costs
Grants, Direct ministry costs		 Grants to
Institutions
2021
£
22,900
Grants to
Institutions
2020
£
12,900		 Total
funds
2021
£
22,900
Total
funds
2020
£
12,900

The Charity has made the following material grants to institutions during the year:

Name of institution
Hope of Glory Foundation
Sri Lanka Village Gospel Mission
Operation Mobilisation (within designated Discretionary fund)
Other discretionary fund payments (all £2,000 or less)
Total		 2021
£
7,000
2,300
2,400
11,200
22,900
22,900		 2020
£
6,000
-
-
6,900
12,900
12,900

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL).

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ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9.
Tangible fixed assets
Cost or valuation
At 1 January 2021
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
10.
Debtors
Due within one year
Tax recoverable
11.
Creditors: Amounts falling due within one year
Accruals and other creditors		 2021
£
14,000
14,000
2021
£
2,770		 Freehold
property
£
723,595
723,595
723,595
723,595
2020
£
14,000
14,000
2020
£
2,640

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ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds

Statement of funds - current year

Designated funds
Redevelopment of the building
Other charitable donation fund
Youth travel fund
Mission - Naomi Waqo
Mission - Discretionary
Mission - Hope of Glory
Foundation
Mission - Srilanka Village
Gospel
Mission - Other
General funds
General Funds - all funds
Total Unrestricted funds
Endowment funds
Endowment Funds - all funds
Total of funds		 Balance at 1
January
2021
£
22,086
525
500
475
11,943
(1,176)
1,961
1,262
37,576
137,198
174,774
723,595
898,369		 Income
£
4
-
-
-
600
8,481
120
-
9,205
158,857
168,062
-
168,062		 Expenditure
£
-
-
-
-
(13,600)
(7,000)
(2,300)
-
(22,900)
(102,264)
(125,164)
-
(125,164)		 Transfers
in/out
£
41,002
-
-
-
18,000
-
-
-
59,002
(59,002)
-
-
-		 Balance at
31
December
2021
£
63,092
525
500
475
16,943
305
(219)
1,262
82,883
134,789
217,672
723,595
941,267

Page 17

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

The purpose of the designated funds with the most significant balances listed is outlined below:

Redevelopment of the building

As described in the trustees' report the PCC are exploring ways in which the church building could be made more suitable for community use. Accordingly the funds designated for church redevelopment have been added to in the year and at 31 December 2021 a balance of £63,092 was being held in a newly established deposit account held with CCLA.

Mission - Discretionary

in addition to the mission funds listed for specific purposes in the above note the church operates a discretionary mission fund. Currently ten percent of all St James income is tithed, and is transferred every quarter of a year to the St James Alperton-Missions account. In 2021 the amount transferred from the general fund is this regard was £18,000. It is the responsibility of the World Church Committee to oversee the distribution of these funds, in order to further Christian mission activities and evangelism around the globe, and to ensure, as much as is reasonably possible, that these funds are used for their intended purpose. Up to twenty percent of these funds can be used for projects in the local area of St James Alperton.

Page 18

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Redevelopment of the building
Other charitable donation fund
Youth travel fund
Mission - Naomi Waqo
Mission - Discretionary
Mission - Hope of Glory
Foundation
Mission - Srilanka Village
Gospel
Mission - Other
General funds
General Funds - all funds
Total Unrestricted funds
Endowment funds
Endowment Funds - all funds
Total of funds		 Balance at
1 January
2020
£
22,086
525
500
475
13,243
933
1,841
1,262
40,865
140,433
181,298
723,595
904,893		 Income
£
-
-
-
-
600
3,891
120
-
4,611
125,510
130,121
-
130,121		 Expenditure
£
-
-
-
-
(6,900)
(6,000)
-
-
(12,900)
(123,745)
(136,645)
-
(136,645)		 Transfers
£
-
-
-
-
5,000
-
-
-
5,000
(5,000)
-
-
-		 Balance at
31
December
2020
£
22,086
525
500
475
11,943
(1,176)
1,961
1,262
37,576
137,198
174,774
723,595
898,369

Page 19

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

13. Summary of funds

Summary of funds - current year

Designated funds
General funds
Endowment funds		 Balance at 1
January
2021
£
37,576
137,198
723,595
898,369
Balance at
1 January
2020
£
40,865
140,433
723,595
904,893		 Income
£
9,205
158,857
-
168,062
Income
£
4,611
125,510
-
130,121		 Expenditure
£
(22,900)
(102,264)
-
(125,164)
Expenditure
£
(12,900)
(123,745)
-
(136,645)		 Transfers
in/out
£
59,002
(59,002)
-
-
Transfers
in/out
£
5,000
(5,000)
-
-		 Balance at
31
December
2021
£
82,883
134,789
723,595
941,267
Balance at
31
December
2020
£
37,576
137,198
723,595
Summary of funds - prior year
Designated funds
General funds
Endowment funds
898,369

Page 20

DocuSign Envelope ID: 5E9AB3BC-BEC6-42DE-9C19-EAC8CA2994EC

ST JAMES CHURCH ALPERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Endowment
funds
2021
Unrestricted
funds
2021
£
£
723,595
-
-
220,442
-
(2,770)
723,595
217,672		 Total
funds
2021
£
723,595
220,442
(2,770)
941,267

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Endowment
funds
2020
£
723,595
-
-
723,595		 Unrestricted
funds
2020
£
-
177,414
(2,640)
174,774		 Total
funds
2020
£
723,595
177,414
(2,640)
898,369

Page 21