Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 **Charity number: 1138031** ## **ST JAMES CHURCH ALPERTON** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 24| Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Trustees** Revd Steve Taylor, Vicar (resigned 21 July 2024) Revd Ali Taylor, Vicar (resigned 21 July 2024) Jerome Fernando Anil Porxotomo Joy Joseph, Churchwarden Ganesh Ganesalingam Shelley King Sam Awale Christine Sunderland Edna Emmanuel, Churchwarden Paul Gaware, Churchwarden Christina Vijay, Secretary Manisha Gaware John Worthington Sudhashini Chelliah, Treasurer Linda Sweeting Lorien Fernando Vijay Josiah Eugene Rajaratnam Jackie James ## **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: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** 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 2024. 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. As we have had the opportunity to return to previous routines, we have made a choice to develop an intercultural worship service on Sundays. We have translated a number of songs from different languages so that we can either sing a line in each language or learn a song in one language whilst projecting the translations so that everyone understands what they are singing. We hear the bible read in different languages each week, projecting other languages onto the screen behind the reader. We also invite people to pray in their own languages at a number of points during the service. Once a month, we share the food of one of our communities together inviting the peo-ple who have cooked to tell us something about their culture / home country / faith journey as we eat. 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’ for 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. 2. Running regular religious education for both adults and children. 3. Running free English classes twice a week during school term time. 4. Running ‘Healing on the streets’ public prayer in Alperton. 5. Holding a free Pentecost party for the local community with face-painting, BBQ & a bouncy castle. - . Page 2 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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 4 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; - 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; and - Hosting a chair-based exercise class run by the NHS after the Wednesday Holy Communion service where members of the local community come in, and exercise, they have regular health checks (blood pressure and weight checks) and then have soup and a roll afterwards. ## **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. Performance for the year and going concern** In the year under review the church had income totalling £104,105 and expenditure totalling £137,117, resulting in a net decrease in funds of £33,012. At the balance sheet date net assets of the church totalled £911,829 with a balance on net current assets of £188,234, representing the balance being carried forward on aggregate unrestricted funds. 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 2023. 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 £68,500. The balance on unrestricted funds at 31 December 2024 was £188,234 (2023 - £221,246), with £81,595 (2023 - £86,337) being in designated funds, and £106,639 (2023 - £134,909) 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. Page 3 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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. ## **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). Revds Ali and Steve Taylor have not been the incumbents at St James since 21 July 2024 and the church is currently in interregnum. The PCC met a total of eight times in 2024. The PCC has a building committee and a finance committee which deal with these particular areas of church administration. Both of these committees met once in 2024. ## **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. Page 4 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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: **Edna Emmanuel** Churchwarden Date: 4/7/2025 Page 5 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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 2024. ## **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 **Griffin Stone Moscrop & Co** Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS 4/7/2025 Dated: FCA Page 6 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024** |**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**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**723,595**
**723,595**|**Unrestricted**
**funds**
**2024**
**£**
**54,723**
**41,653**
**7,729**
**104,105**
**137,117**
**137,117**
**(33,012)**
**221,246**
**188,234**|**Total**
**funds**
**2024**
**£**
**54,723**
**41,653**
**7,729**
**104,105**
**137,117**
**137,117**
**(33,012)**
**944,841**
**911,829**|Total
funds
2023
£
69,608
45,177
4,522
119,307
126,065
126,065
(6,758)
951,599
944,841| |---|---|---|---|---| The notes on pages 9 to 24 form part of these financial statements. Page 7 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **BALANCE SHEET AS AT 31 DECEMBER 2024** |||**2024**|**2024**|**2024**|2023|2023| |---|---|---|---|---|---|---| ||**Note**|**£**|**£**||£|£| |**Fixed assets**||||||| |Tangible assets|9||**723,595**|||723,595| ||||**723,595**|||723,595| |**Current assets**||||||| |Debtors|10|**-**|||36,500|| |Cash at bank and in hand||**191,534**|||187,866|| |||**191,534**|||224,366|| |Creditors: amounts falling due within one||||||| |year|11|**(3,300)**|||(3,120)|| |**Net current assets**|||**188,234**|||221,246| |**Total assets less current liabilities**|||**911,829**|||944,841| |**Net assets excluding pension asset**|||**911,829**|||944,841| |**Total net assets**|||**911,829**|||944,841| |**Charity funds**||||||| |Endowment funds|12||**723,595**|||723,595| |Restricted funds|12||**-**|||-| |Unrestricted funds|12||**188,234**|||221,246| |**Total funds**|||**911,829**|||944,841| The financial statements were approved and authorised for issue by the trustees and signed on their behalf by: ................................................ **Edna Emmanuel** (Trustee) Date: 4/7/2025 The notes on pages 9 to 24 form part of these financial statements. Page 8 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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 9 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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. Page 10 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. Accounting policies (continued)** ## **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. ## **2. Income from donations and legacies** |**Unrestricted**
**funds**
**2024**
**£**
**Donations**
Donations to designated funds
4,510
Planned giving and offerings
46,467
-
**Subtotal detailed disclosure**
50,977
Tax recoverable
3,746
**Subtotal**
3,746
**Total 2024**
54,723|**Total**
**funds**
**2024**
**£**
**4,510**
**46,467**
**-**| |---|---| ||**50,977**| ||**3,746**| ||**3,746**| ||| ||**54,723**| Page 11 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **2. Income from donations and legacies (continued)** |**Donations**
Donations to designated funds
Planned giving and offerings
**Subtotal detailed disclosure**
Tax recoverable
**Subtotal**
Total 2023|Unrestricted
funds
2023
£
4,700
54,908
-
59,608
10,000
10,000
69,608|Total
funds
2023
£
4,700
54,908
-| |---|---|---| |||59,608| |||10,000| |||10,000| |||| |||69,608| ## **3. Income from charitable activities** |**Unrestricted**
**funds**
**2024**
**£**
Rent from Nursery and Tae Kwon Do
39,763
Church hall and property lettings
1,280
Other income
610
**Total 2024**
41,653|**Total**
**funds**
**2024**
**£**
**39,763**
**1,280**
**610**| |---|---| ||**41,653**| Page 12 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **3. Income from charitable activities (continued)** |Rent from Nursery and Tae Kwon Do
Church hall and property lettings
Other income
Total 2023|Unrestricted
funds
2023
£
39,899
2,448
2,830
45,177|Total
funds
2023
£
39,899
2,448
2,830| |---|---|---| |||45,177| ## **4. Investment income** |**Unrestricted**
**funds**
**2024**
**£**
Investment income - bank interest
7,729
Unrestricted
funds
2023
£
Investment income - bank interest
4,522|**Total**
**funds**
**2024**
**£**
**7,729**| |---|---| ||Total
funds
2023
£
4,522| Page 13 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Unrestricted**
**funds**
**2024**
**£**
Direct ministry costs
98,446
Direct building and maintenance costs
10,290
Support costs
28,381
**Total 2024**
137,117
Unrestricted
funds
2023
£
Direct ministry costs
84,638
Direct building and maintenance costs
11,393
Support costs
30,034
Total 2023
126,065|**Total**
**2024**
**£**
**98,446**
**10,290**
**28,381**| |---|---| ||**137,117**| ||Total
2023
£
84,638
11,393
30,034| ||126,065| ## **6. Analysis of expenditure by activities** |Direct ministry costs
Direct building and maintenance costs
Support costs
**Total 2024**|**Activities**
**undertaken**
**directly**
**2024**
**£**
74,196
10,290
-
84,486|**Grant**
**funding of**
**activities**
**2024**
**£**
24,250
-
-
24,250|**Support**
**costs**
**2024**
**£**
-
-
28,381
28,381|**Total**
**funds**
**2024**
**£**
**98,446**
**10,290**
**28,381**| |---|---|---|---|---| |||||**137,117**| Page 14 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. Analysis of expenditure by activities (continued)** |Direct ministry costs
Direct building and maintenance costs
Support costs
Total 2023|Activities
undertaken
directly
2023
£
67,238
11,393
-
78,631|Grant
funding of
activities
2023
£
17,400
-
-
17,400|Support
costs
2023
£
-
-
30,034
30,034|Total
funds
2023
£
84,638
11,393
30,034| |---|---|---|---|---| |||||126,065| ## **Analysis of direct costs** |Diocesan fund
Church repairs & maintenance
Vicarage & Pastoral costs
Church insurance
Catering and church cafe
Music expenditure
Church expenditure
**Total 2024**|**Direct**
**ministry**
**costs**
**2024**
**£**
68,475
134
3,596
-
1,886
82
23
74,196|**Direct**
**building**
**and maint**
**2024**
**£**
-
8,140
-
2,150
-
-
-
10,290|**Total**
**funds**
**2024**
**£**
**68,475**
**8,274**
**3,596**
**2,150**
**1,886**
**82**
**23**| |---|---|---|---| ||||**84,486**| Page 15 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs (continued)** |Diocesan fund
Church repairs & maintenance
Contingencies
Church insurance
Evangelism
Catering and church cafe
Church expenditure
Total 2023|Direct
ministry
costs
2023
£
64,500
-
-
-
901
1,682
155
67,238|Direct
building and
maint
2023
£
-
8,994
300
2,099
-
-
-
11,393|Total
funds
2023
£
64,500
8,994
300
2,099
901
1,682
155| |---|---|---|---| ||||78,631| Page 16 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Church office telephone
Printing, postage and stationery
Consumables
Subscriptions
Cleaning
Light, heat & water
Bank charges
Preparation & examination of statutory accounts|**Total**
**funds**
**2024**
**£**
**1,255**
**1,267**
**-**
**1,878**
**8,324**
**11,738**
**164**
**3,755**
**28,381**|Total
funds
2023
£
1,231
601
580
352
9,324
14,949
205
2,792| |---|---|---| |||30,034| Page 17 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **7. Analysis of grants** |Grants - direct ministry costs
Grants - direct ministry costs|**Grants to**
**Institutions**
**2024**
**£**
20,200
Grants to
Institutions
2023
£
15,500|**Grants to**
**Individuals**
**2024**
**£**
4,050
Grants to
Individuals
2023
£
1,900|**Total**
**funds**
**2024**
**£**
**24,250**| |---|---|---|---| ||||Total
funds
2023
£
17,400| 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**|**2024**
**£**
**9,100**
**1,500**
**2,400**
**7,200**
**20,200**
**20,200**|2023
£
4,500
2,800
-
8,200| |---|---|---| |||15,500| |||| |||15,500| ## **8. Trustees' remuneration and expenses** During the year, no trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, no trustee expenses have been incurred (2023 - £NIL). Page 18 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**||| |---|---|---| |**9.**
**Tangible fixed assets**
**Cost or valuation**
At 1 January 2024
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**10.**
**Debtors**
**Due within one year**
Tax recoverable
**11.**
**Creditors: Amounts falling due within one year**
Accruals and other creditors|**2024**
**£**
**-**
**-**
**2024**
**£**
**3,300**|**Freehold**
**property**
**£**
**723,595**
**723,595**
**723,595**
723,595
2023
£
36,500
36,500
2023
£
3,120| Page 19 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **12. Statement of funds** ## **Statement of funds - current year** |**Designated funds**
Redevelopment of the building
Other charitable donation fund
Youth travel fund
Mission - Discretionary
Mission - Hope of Glory
Foundation
Mission - Sri Lanka Village
Gospel
Mission - Other
**General funds**
General Fund
**Total Unrestricted funds**
**Endowment funds**
Endowment Funds - all funds
**Total of funds**|**Balance at 1**
**January**
**2024**
**£**
**76,371**
**525**
**500**
**7,374**
**445**
**120**
**1,002**
**86,337**
**134,909**
**221,246**
**723,595**
**944,841**|**Income**
**£**
**4,053**
**-**
**-**
**600**
**3,790**
**120**
**-**
**8,563**
**95,542**
**104,105**
**-**
**104,105**|**Expenditure**
**£**
**-**
**-**
**-**
**(13,650)**
**(9,100)**
**(1,500)**
**-**
**(24,250)**
**(112,867)**
**(137,117)**
**-**
**(137,117)**|**Transfers**
**in/out**
**£**
**-**
**(525)**
**(500)**
**9,725**
**2,000**
**1,247**
**(1,002)**
**10,945**
**(10,945)**
**-**
**-**
**-**|**Balance at**
**31**
**December**
**2024**
**£**
**80,424**
**-**
**-**
**4,049**
**(2,865)**
**(13)**
**-**
**81,595**
**106,639**
**188,234**
**723,595**
**911,829**| |---|---|---|---|---|---| Page 20 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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 2024 a balance of £80,424 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. Historically ten percent of all St James income is tithed, and has been transferred every quarter of a year to the St James Alperton Missions account. At 31 December 2024 the balance on this fund stood at £4,049, with £9,725 being tithed in the current year. 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 21 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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
Grants to institutions
Mission - Hope of Glory
Foundation
Mission - Sri Lanka Village
Gospel
Mission - Other
**General funds**
General fund
**Total Unrestricted funds**
**Endowment funds**
Endowment Fund
**Total of funds**|Balance at
1 January
2023
£
74,000
525
500
11,474
365
2,800
1,002
90,666
137,338
228,004
723,595
951,599|Income
£
2,371
-
-
-
4,580
120
-
7,071
112,236
119,307
-
119,307|Expenditure
£
-
-
-
(10,100)
(4,500)
(2,800)
-
(17,400)
(108,665)
(126,065)
-
(126,065)|Transfers
£
-
-
-
6,000
-
-
-
6,000
(6,000)
-
-
-|Balance at
31
December
2023
£
76,371
525
500
7,374
445
120
1,002| |---|---|---|---|---|---| ||||||86,337| ||||||134,909| ||||||221,246| ||||||723,595| ||||||944,841| Page 22 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **13. Summary of funds** ## **Summary of funds - current year** |Designated funds
General funds
Endowment funds|**Balance at 1**
**January**
**2024**
**£**
**86,337**
**134,909**
**723,595**
**944,841**
Balance at
1 January
2023
£
90,666
137,338
723,595
951,599|**Income**
**£**
**8,563**
**95,542**
**-**
**104,105**
Income
£
7,071
112,236
-
119,307|**Expenditure**
**£**
**(24,250)**
**(112,867)**
**-**
**(137,117)**
Expenditure
£
(17,400)
(108,665)
-
(126,065)|**Transfers**
**in/out**
**£**
**10,945**
**(10,945)**
**-**
**-**
Transfers
in/out
£
6,000
(6,000)
-
-|**Balance at**
**31**
**December**
**2024**
**£**
**81,595**
**106,639**
**723,595**| |---|---|---|---|---|---| ||||||**911,829**| ||||||Balance at
31
December
2023
£
86,337
134,909
723,595| |**Summary of funds - prior year**|||||| |Designated funds
General funds
Endowment funds|||||| ||||||944,841| Page 23 Docusign Envelope ID: 4251F1BC-84D4-4955-8040-93FBF062F683 ## **ST JAMES CHURCH ALPERTON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Endowment**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
723,595
-
-
191,534
-
(3,300)
723,595
188,234|**Total**
**funds**
**2024**
**£**
**723,595**
**191,534**
**(3,300)**
**911,829**| |---|---|---| ## **Analysis of net assets between funds - prior period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|Endowment
funds
2023
£
723,595
-
-
723,595|Unrestricted
funds
2023
£
-
224,366
(3,120)
221,246|Total
funds
2023
£
723,595
224,366
(3,120)
944,841| |---|---|---|---| ## **15. Related party transactions** Aggregate donations given by PCC members in the year totalled £18,560 (2023 - £10,100). Page 24