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Charity number: 1138031
ST JAMES CHURCH ALPERTON
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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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 - 22 |
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ST JAMES CHURCH ALPERTON
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees
Revd Adel Shokralla, Chair (appointed 15 December 2025) Revd Edna Emmanuel Eugene Rajaratnam, Secretary Pawlas Gaware, Churchwarden Christine Sunderland Manisha Gaware John Worthington Linda Sweeting Vijay Josiah Jacqueline James Sakthi Ramachandran Chandrika Subramaniam (appointed 20 October 2025) Anishkaa Worthington (appointed 12 May 2025) Rosita Rajendra (appointed 26 April 2025) Nishanthan Amos (appointed 26 April 2025) Lorien Fernando (resigned 1 January 2025) Anil Porxotomo (resigned 1 January 2025) Ganesh Ganesalingam (resigned 1 January 2025) Joy Joseph, Churchwarden (resigned 1 January 2025) Jerome Fernando (resigned 24 February 2025) Shelley King (resigned 24 February 2025) Sam Awale (resigned 24 February 2025)
Charity registered number
1138031
Principal office
Stanley Avenue Wembley HA0 4JB
Interim priest during interregnum
Revd Akin Akinola (appointed 1 January 2025, resigned 15 December 2025)
Treasurer
Sudhashini Chelliah
Accountants
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 1
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ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025. 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 objective of St James Alperton PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
The Trustees confirm they have referred to the Charity Commission’s general guidance on public benefit when planning activities. The church is open to all for worship and community use.
b. Strategies for achieving objectives
Main Activities in 2025:
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Regular Worship: Providing weekly services and maintaining the liturgical life of the parish.
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Community Outreach: Chair based exercise for elderly and English language (ESOL) classes.
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Pastoral Care: Visiting the sick, bereaved, and elderly within the Alperton community.
Achievements and performance
a. Achievements
• Spiritual Growth: The attendance for seasonal services like Christmas, Good Friday, Easter and Pentecostal Sunday was very good.
• Community Impact: The Girls Brigade and Wembley rangers are active at English language teaching classes and Chair based exercises help in strengthening ties with the London Borough of Brent.
• Cultural Engagement: Successfully held Pentecostal Sunday celebration involving local community and events during festive periods, reflecting the diverse local demographic.
Financial review
a. Performance for the year and going concern
In the year under review the church had income totalling £103,590 and expenditure totalling £135,980, resulting in a net decrease in funds of £32,390. At the balance sheet date net assets of the church totalled £879,439 with a balance on net current assets of £155,844, 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.
Page 2
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ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
b. Reserves policy
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.
It is the policy of the PCC to maintain a balance on unrestricted funds (excluding fixed assets) which equates to approximately six months of unrestricted payments. This provides sufficient funds to cover management, administration and support costs.
The balance on unrestricted funds at 31 December 2025 was £155,844 (2024 - £188,234), with £91,243 (2024 - £81,595) being in designated funds, and £64,601 (2024 - £106,639) 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
The PCC intends to continue its mission of spiritual growth and community support. Key priorities for 2026 include upgrading sanctuary carpet, church roof cleaning, expanding the youth ministry and local evangelism initiatives (subject to PCC approval wherever needed).
Structure, governance and management
a. Constitution
St James Church Alperton is a registered charity, number 1138031. The PCC of St James Church is a corporate body established by and operating under the Parochial Church Councils (Powers) Measure 1956, its governing document.
b. Methods of appointment or election of trustees
Members of the PCC are either ex officio, chosen by the Annual Parochial Church Meeting (APCM), elected by parishioners or co-opted/appointed in accordance with the Church Representation Rules.
c. 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 PCC has the responsibility of promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC met a total of eight times in 2025.
The PCC has a building committee and a finance committee which deal with these particular areas of church administration.
d. Financial risk management
The Trustees have a duty to identify and review the strategic, operational, and financial risks that the charity faces and confirm that systems are in place to mitigate them.
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 3
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ST JAMES CHURCH ALPERTON
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 Edna Emmanuel Trustee Date: � � ����
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ST JAMES CHURCH ALPERTON
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025.
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:
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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
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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: Dated: � � ���� Richard Hill FCA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 5
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ST JAMES CHURCH ALPERTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income and endowments from: Donations and legacies: 3 . Other donations and legacies Charitable activities: 4 . Other charitable activities Investments: 5 . Other investments Total income and endowments Expenditure on: Charitable activities: 6 . Other charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Endowment funds 2025 £ - - - - - - - 723,595 723,595 |
Unrestricted funds 2025 £ 55,303 41,353 6,934 103,590 135,980 135,980 (32,390) 188,234 155,844 |
Total funds 2025 £ 55,303 41,353 6,934 103,590 135,980 135,980 (32,390) 911,829 879,439 |
Total funds 2024 £ 54,723 41,653 7,729 104,105 137,117 137,117 (33,012) 944,841 911,829 |
|---|---|---|---|---|
The notes on pages 8 to 22 form part of these financial statements.
Page 6
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ST JAMES CHURCH ALPERTON
BALANCE SHEET AS AT 31 DECEMBER 2025
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Current liabilities 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 |
2025 £ 159,144 159,144 (3,300) |
2025 £ 723,595 723,595 155,844 879,439 879,439 879,439 723,595 - 155,844 879,439 |
2024 £ 191,534 191,534 (3,300) |
2024 £ 723,595 |
|---|---|---|---|---|
| 723,595 188,234 |
||||
| 911,829 | ||||
| 911,829 | ||||
| 911,829 | ||||
| 723,595 - 188,234 |
||||
| 911,829 |
The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:
................................................
Revd Edna Emmanuel Trustee Date: � � ����
The notes on pages 8 to 22 form part of these financial statements.
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. General information
St James Church Alperton is a registered charity with the Charity Commission for England & Wales (charity number: 1138031). The principal office address can be found on the reference and administrative details page.
2. Accounting policies
2.1 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.
2.2 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.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.
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.
2.3 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.
Page 8
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.3 Expenditure (continued)
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.
2.4 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.
2.5 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
2.6 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.
Page 9
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.7 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.
2.8 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.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations Donations to designated funds 4,610 Planned giving and offerings 50,693 Subtotal detailed disclosure 55,303 Total 2025 55,303 |
Total funds 2025 £ 4,610 50,693 |
|---|---|
| 55,303 | |
| 55,303 |
Page 10
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. Income from donations and legacies (continued)
| 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 4. Income from charitable activities Unrestricted funds 2025 £ Rent from Nursery and Tae Kwon Do 39,578 Church hall and property lettings 775 Other income 1,000 Total 2025 41,353 |
Total funds 2024 £ 4,510 46,467 |
|---|---|
| 50,977 | |
| 3,746 | |
| 3,746 | |
| 54,723 | |
| Total funds 2025 £ 39,578 775 1,000 |
|
| 41,353 |
Other income of £1,000 represents gifts in kind, comprising donated equipments.
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. Income from charitable activities (continued)
| Rent from Nursery and Tae Kwon Do Church hall and property lettings Other income Total 2024 |
Unrestricted funds 2024 £ 39,763 1,280 610 41,653 |
Total funds 2024 £ 39,763 1,280 610 |
|---|---|---|
| 41,653 |
5. Investment income
| Unrestricted funds 2025 £ Investment income - bank interest 6,934 Unrestricted funds 2024 £ Investment income - bank interest 7,729 |
Total funds 2025 £ 6,934 |
|---|---|
| Total funds 2024 £ 7,729 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2025 £ Direct ministry costs 96,601 Direct building and maintenance costs 10,625 Support costs 28,754 Total 2025 135,980 |
Total 2025 £ 96,601 10,625 28,754 |
|---|---|
| 135,980 |
| Direct ministry costs Direct building and maintenance costs Support costs Total 2024 |
Unrestricted funds 2024 £ 98,446 10,290 28,381 137,117 |
Total 2024 £ 98,446 10,290 28,381 |
|---|---|---|
| 137,117 |
7. Analysis of expenditure by activities
| Direct ministry costs Direct building and maintenance costs Support costs Total 2025 |
Activities undertaken directly 2025 £ 82,349 10,625 - 92,974 |
Grant funding of activities 2025 £ 14,252 - - 14,252 |
Support costs 2025 £ - - 28,754 28,754 |
Total funds 2025 £ 96,601 10,625 28,754 |
|---|---|---|---|---|
| 135,980 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Analysis of expenditure by activities (continued)
| 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 |
Analysis of direct costs
| Diocesan fund Church repairs & maintenance Vicarage & Pastoral costs Church insurance Catering and church cafe Church expenditure Total 2025 |
Direct ministry costs 2025 £ 68,475 - 10,076 - 3,538 260 82,349 |
Direct building and maint 2025 £ - 8,422 - 2,203 - - 10,625 |
Total funds 2025 £ 68,475 8,422 10,076 2,203 3,538 260 |
|---|---|---|---|
| 92,974 |
Page 14
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Diocesan fund Church repairs & maintenance Vicarage & Pastoral costs Church insurance Catering and church cafe Music expenditure Church expenditure Total 2024 Analysis of support costs Church office telephone Printing, postage and stationery Subscriptions Cleaning Light, heat & water Bank charges Preparation & examination of statutory accounts |
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 2025 £ 1,524 2,761 457 10,528 10,243 121 3,120 28,754 |
Total funds 2024 £ 68,475 8,274 3,596 2,150 1,886 82 23 |
|---|---|---|---|
| 84,486 | |||
| Total funds 2024 £ 1,255 1,267 1,878 8,324 11,738 164 3,755 |
|||
| 28,381 |
Page 15
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. Analysis of grants
| Grants - direct ministry costs Grants - direct ministry costs |
Grants to Institutions 2025 £ 11,400 Grants to Institutions 2024 £ 20,200 |
Grants to Individuals 2025 £ 2,852 Grants to Individuals 2024 £ 4,050 |
Total funds 2025 £ 14,252 |
|---|---|---|---|
| Total funds 2024 £ 24,250 |
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 |
2025 £ 5,300 1,500 - 4,600 11,400 11,400 |
2024 £ 9,100 1,500 2,400 7,200 |
|---|---|---|
| 20,200 | ||
| 20,200 |
9. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 December 2025, no trustee expenses have been incurred (2024 - £NIL).
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. Tangible fixed assets
| Cost or valuation At 1 January 2025 At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 11. Creditors: Amounts falling due within one year 2025 £ Accruals and other creditors 3,300 |
Freehold property £ 723,595 |
|---|---|
| 723,595 | |
| 723,595 | |
| 723,595 | |
| 2024 £ 3,300 |
Page 17
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. Statement of funds
Statement of funds - current year
| Designated funds Redevelopment of the building Mission - Discretionary Mission - Hope of Glory Foundation Mission - Sri Lanka Village Gospel Emergency building repairs General funds General Funds - all funds Total Unrestricted funds Endowment funds Endowment Funds - all funds Total of funds |
Balance at 1 January 2025 £ 80,424 4,049 (2,865) (13) - 81,595 106,639 188,234 723,595 911,829 |
Income £ 3,640 600 3,890 120 - 8,250 95,340 103,590 - 103,590 |
Expenditure £ - (9,452) (3,300) (1,500) (2,350) (16,602) (119,378) (135,980) - (135,980) |
Transfers in/out £ - 7,646 3,300 3,054 4,000 18,000 (18,000) - - - |
Balance at 31 December 2025 £ 84,064 2,843 1,025 1,661 1,650 |
|---|---|---|---|---|---|
| 91,243 | |||||
| 64,601 | |||||
| 155,844 | |||||
| 723,595 | |||||
| 879,439 |
Page 18
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025 a balance of £84,064 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 10% 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 2025 the balance on this fund stood at £2,843, with £10,410 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 20% of these funds can be used for projects in the local area of St James Alperton.
Emergency building repairs
In October 2025 the PCC has designated £4,000 for emergency building repairs or specific allocated projects minuted by PCC, that cannot be used for general purposes. At 31 December 2025 the balance on this fund stood at £1,650.
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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 - Discretionary Mission - Hope of Glory Foundation Mission - Sri Lanka Village Gospel Emergency building repairs 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 £ - (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 |
|---|---|---|---|---|---|
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. Summary of funds
Summary of funds - current year
| Designated funds General funds Endowment funds |
Balance at 1 January 2025 £ 81,595 106,639 723,595 911,829 Balance at 1 January 2024 £ 86,337 134,909 723,595 944,841 |
Income £ 8,250 95,340 - 103,590 Income £ 8,563 95,542 - 104,105 |
Expenditure £ (16,602) (119,378) - (135,980) Expenditure £ (24,250) (112,867) - (137,117) |
Transfers in/out £ 18,000 (18,000) - - Transfers in/out £ 10,945 (10,945) - - |
Balance at 31 December 2025 £ 91,243 64,601 723,595 |
|---|---|---|---|---|---|
| 879,439 | |||||
| Balance at 31 December 2024 £ 81,595 106,639 723,595 |
|||||
| Summary of funds - prior year | |||||
| Designated funds General funds Endowment funds |
|||||
| 911,829 |
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ST JAMES CHURCH ALPERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025 Unrestricted funds 2025 £ £ 723,595 - - 159,144 - (3,300) 723,595 155,844 |
Total funds 2025 £ 723,595 159,144 (3,300) 879,439 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Endowment funds 2024 £ 723,595 - - 723,595 |
Unrestricted funds 2024 £ - 191,534 (3,300) 188,234 |
Total funds 2024 £ 723,595 191,534 (3,300) 911,829 |
|---|---|---|---|
15. Related party transactions
Aggregate donations given by trustees in the year totalled £8,000 (2024 - £18,560).
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