DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
Charity number: 1138031
ST JAMES CHURCH ALPERTON
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
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: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
Revd Steve Taylor, Vicar Revd Ali Taylor, Vicar Revd Amelia Jacob, N.S.M Joy Niroshan Joseph Shelley King Sam Awale Christine Sunderland Edna Emmanuel Paul Gaware John Worthington Aniskhaa Worthington Dimitrinka Radeva Lorien Fernando Vijay Josiah Robert Kantepudi
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
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022. 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 applicable in the UK and Republic of Ireland (FRS 102) (effective from October 2019).
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 maintained a space for people to sit socially-distanced and asked congregation members to wear masks in that area of the church.
On Wednesdays our service of Holy Communion is still entirely in English with face-masks being worn by clergy as they serve communion to the congregation.
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:
-
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.
-
Running regular religious education for both adults and children. This mostly happened online via the Zoom app.
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Running free English classes twice a week during school term time.
-
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. We gradually increased this over 2022 until it returned to being most Saturdays.
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Holding a baptism service at Easter 2022.
-
.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
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:
-
Hosting visits from our local primary school twice (year 3 and year 1);
-
Supporting a youth worker offering mentoring to children from the local secondary school on the school site;
-
Working with our local temple by both joining in with certain celebrations and collaborating on the Mount Pleasant Open Space & Food banks;
-
Renting the church building to local families for birthday parties and celebrations;
-
Hosting Nursery, Tae Kwon Do, Brownies, Guides and Girls Brigade; and
-
Chairing & giving meeting space to the Friends of Mount Pleasant Open Space looking at applying for and directing funds to the renovation and development of the public open space directly behind St James’ Church.
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 22 June 2015, the PCC adopted a reserves policy, to be reviewed annually. It was ratified at our meeting of 27 June 2022.
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 £62,000.
The balance on unrestricted funds at 31 December 2021 was £228,004 (2021 - £217,672), with £90,666 (2021 - £82,883) being in designated funds, and £137,338 (2021 - £134,789) 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. These plans were received by the PCC in 2022 and a consultation began with church members as to what should be prioritised.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
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 nine times in 2022.
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 2022.
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 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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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: 19 June 2023
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ST JAMES CHURCH ALPERTON
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
-
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
20/6/2023 Dated: FCA
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 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 2022 £ - - - - - - - 723,595 723,595 |
Unrestricted funds 2022 £ 91,012 40,079 1,819 132,910 122,578 122,578 10,332 217,672 228,004 |
Total funds 2022 £ 91,012 40,079 1,819 132,910 122,578 122,578 10,332 941,267 951,599 |
Total funds 2021 £ 134,470 33,554 38 |
|---|---|---|---|---|
| 168,062 | ||||
| 125,164 | ||||
| 125,164 | ||||
| 42,898 | ||||
| 898,369 | ||||
| 941,267 |
The notes on pages 8 to 21 form part of these financial statements.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
BALANCE SHEET AS AT 31 DECEMBER 2022
| 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 |
2022 £ 26,500 204,412 230,912 (2,908) |
2022 £ 723,595 723,595 228,004 951,599 951,599 951,599 723,595 - 228,004 951,599 |
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 |
The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:
................................................ ................................................ Revd Steve Taylor Robert Kantepudi
Date: 19 June 2023
The notes on pages 8 to 21 form part of these financial statements.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 9.
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.
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
2. Income from donations and legacies
| Unrestricted funds 2022 £ Donations Miscellaneous donations 4,100 Planned giving 68,470 Plate 5,942 Subtotal detailed disclosure 78,512 Tax recoverable 12,500 Subtotal 12,500 Total 2022 91,012 Unrestricted funds 2021 £ Donations Planned giving 71,876 Plate 4,419 Subtotal detailed disclosure 76,295 Legacies 43,049 Tax recoverable 15,126 Subtotal 58,175 Total 2021 134,470 |
Total funds 2022 £ 4,100 68,470 5,942 |
|---|---|
| 78,512 | |
| 12,500 | |
| 12,500 | |
| 91,012 | |
| Total funds 2021 £ 71,876 4,419 |
|
| 76,295 | |
| 43,049 15,126 |
|
| 58,175 | |
| 134,470 |
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
3. Income from charitable activities
| Unrestricted funds 2022 £ Rent from Nursery and Tae Kwon Do 34,799 Church hall and property lettings 1,678 Other income 3,602 Total 2022 40,079 Unrestricted funds 2021 £ Rent from Nursery and Tae Kwon Do 31,174 Church hall and property lettings 1,402 Other income 978 Total 2021 33,554 |
Total funds 2022 £ 34,799 1,678 3,602 |
|---|---|
| 40,079 | |
| Total funds 2021 £ 31,174 1,402 978 |
|
| 33,554 |
4. Investment income
| Unrestricted funds 2022 £ Investment income - bank interest 1,819 Unrestricted funds 2021 £ Investment income - bank interest 38 |
Total funds 2022 £ 1,819 |
|---|---|
| Total funds 2021 £ 38 |
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2022 £ Direct ministry costs 84,375 Direct building and maintenance costs 11,518 Support costs 26,685 Total 2022 122,578 Unrestricted funds 2021 £ Direct ministry costs 98,661 Direct building and maintenance costs 3,826 Support costs 22,677 Total 2021 125,164 |
Total 2022 £ 84,375 11,518 26,685 |
|---|---|
| 122,578 | |
| Total 2021 £ 98,661 3,826 22,677 |
|
| 125,164 |
6. Analysis of expenditure by activities
| Direct ministry costs Direct building and maintenance costs Support costs Total 2022 |
Activities undertaken directly 2022 £ 64,440 11,518 - 75,958 |
Grant funding of activities 2022 £ 19,935 - - 19,935 |
Support costs 2022 £ - - 26,685 26,685 |
Total funds 2022 £ 84,375 11,518 26,685 |
|---|---|---|---|---|
| 122,578 |
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. Analysis of expenditure by activities (continued)
| Direct ministry costs Direct building and maintenance costs Support costs Total 2021 |
Activities undertaken directly 2021 £ 75,761 3,826 - 79,587 |
Grant funding of activities 2021 £ 22,900 - - 22,900 |
Support costs 2021 £ - - 22,677 22,677 |
Total funds 2021 £ 98,661 3,826 22,677 |
|---|---|---|---|---|
| 125,164 |
Analysis of direct costs
| Diocesan fund Church repairs & maintenance Professional fees related to reordering Church insurance Catering and church cafe Church expenditure Social events Total 2022 Diocesan fund Church repairs & maintenance Church insurance Evangelism Church expenditure Events expenditure Total 2021 |
Direct ministry costs 2022 £ 63,900 - - - 459 60 21 64,440 Direct ministry costs 2021 £ 74,550 - - 628 61 522 75,761 |
Direct building and maint 2022 £ - 5,967 3,327 2,224 - - - 11,518 Direct building and maint 2021 £ - 1,501 2,325 - - - 3,826 |
Total funds 2022 £ 63,900 5,967 3,327 2,224 459 60 21 |
|---|---|---|---|
| 75,958 | |||
| Total funds 2021 £ 74,550 1,501 2,325 628 61 522 |
|||
| 79,587 |
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
Analysis of support costs
| Church office telephone Printing, postage and stationery Consumables Training Subscriptions Cleaning Light, heat & water Bank charges Preparation & examination of statutory accounts Total 2022 |
Total funds 2022 £ 979 1,136 1,050 - 2,127 11,932 6,364 187 2,910 26,685 |
Total funds 2021 £ 736 1,208 223 20 1,562 10,873 5,121 14 2,920 |
|---|---|---|
| 22,677 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
7. Analysis of grants
| Grants to Institutions 2022 Grants to Individuals 2022 £ £ Grants, Direct ministry costs 17,200 2,735 Grants to Institutions 2021 £ Grants, Direct ministry costs 22,900 The Charity has made the following material grants to institutions during the year: |
Total funds 2022 £ 19,935 |
|---|---|
| Total funds 2021 £ 22,900 |
|
| 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 |
2022 £ 13,000 - - 4,200 17,200 17,200 |
2021 £ 7,000 2,300 2,400 11,200 |
|---|---|---|
| 22,900 | ||
| 22,900 |
8. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 31 December 2022, no trustee expenses have been incurred (2021 - £NIL).
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 9. Tangible fixed assets Cost or valuation At 1 January 2022 At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 10. Debtors Due within one year Tax recoverable 11. Creditors: Amounts falling due within one year Accruals and other creditors |
2022 £ 26,500 26,500 2022 £ 2,908 |
Freehold property £ 723,595 |
|---|---|---|
| 723,595 | ||
| 723,595 | ||
| 723,595 | ||
| 2021 £ 14,000 14,000 2021 £ 2,770 |
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DocuSign Envelope ID: 67345150-88A7-4089-929C-AD5CCCC40DE7
ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022 £ 63,092 525 500 475 16,943 305 (219) 1,262 82,883 134,789 217,672 723,595 941,267 |
Income £ 908 - - - 600 4,160 120 - 5,788 127,122 132,910 - 132,910 |
Expenditure £ - - - (475) (6,200) (13,000) - (260) (19,935) (102,643) (122,578) - (122,578) |
Transfers in/out £ 10,000 - - - 130 8,900 2,900 - 21,930 (21,930) - - - |
Balance at 31 December 2022 £ 74,000 525 500 - 11,473 365 2,801 1,002 |
|---|---|---|---|---|---|
| 90,666 | |||||
| 137,338 | |||||
| 228,004 | |||||
| 723,595 | |||||
| 951,599 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022 a balance of £74,000 was being held in a specific 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. At 31 December 2022 the balance on this fund stood at £11,473. 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.
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 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 £ 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 |
|---|---|---|---|---|---|
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
13. Summary of funds
Summary of funds - current year
| Designated funds General funds Endowment funds |
Balance at 1 January 2022 £ 82,883 134,789 723,595 941,267 Balance at 1 January 2021 £ 37,576 137,198 723,595 898,369 |
Income £ 5,788 127,122 - 132,910 Income £ 9,205 158,857 - 168,062 |
Expenditure £ (19,935) (102,643) - (122,578) Expenditure £ (22,900) (102,264) - (125,164) |
Transfers in/out £ 21,930 (21,930) - - Transfers in/out £ 59,002 (59,002) - - |
Balance at 31 December 2022 £ 90,666 137,338 723,595 |
|---|---|---|---|---|---|
| 951,599 | |||||
| Balance at 31 December 2021 £ 82,883 134,789 723,595 |
|||||
| Summary of funds - prior year | |||||
| Designated funds General funds Endowment funds |
|||||
| 941,267 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Total |
Endowment funds 2022 Unrestricted funds 2022 £ £ 723,595 - - 230,912 - (2,908) 723,595 228,004 Endowment funds 2021 Unrestricted funds 2021 £ £ 723,595 - - 220,442 - (2,770) 723,595 217,672 |
Total funds 2022 £ 723,595 230,912 (2,908) 951,599 Total funds 2021 £ 723,595 220,442 (2,770) 941,267 |
|---|---|---|
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