REGISTERED CHARITY NUMBER: 1181957 ST JAMES'S CHURCH, RYDE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Brlght Brown Llmlted Chartered Accountants ExchaD8e House, St Cross Lane, Newport, Isle of Wl8ht, P030 5B2
ST JAMES'S CHLIRCH, RYDE CONTENTS FOR THE YEAR ENOED 31 DECEMBER 2023 Page Charity information Trustees, report Independent examlnor's report ftecelp15 lind payments account Statement of assets and liabilities
STJAMES'S CHURCH, RYDE CHAR17Y INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025 Addres5: 4 Market Street Ryde 151p of Wi8ht P033 2NG Church Coun¢ll ITru$teesl.. Revorend l Leggett Tricla Cotton Jarnes Pontln Peterwyatt Flona Hunt DavSd Ciipps Roger Colman Phllip Srnlth Ashleigb Cuttress Matt Ostler eryl Wrlght Nathèn Hassett Chalrman Secretary and Senlor Deacon Asso£late Mlnlster IResl8ned 31 DecÈrnbÈr 2U231 Treasurer (Resigned 26 April 20231 Senlor Oeacon IResignèd 26 April 20231 IResl8ned 22 May 20241 (Appointed 26 Aprll 20231 Cha¢ity number: 1181957 Independent emIner. Gavin Kelly FCCA ACA Brlght Brown ttd Exch3nge House 5t Cros5 Lane Newport Isle of Wight P030 56Z Bankers: Barclays Bank PIC Lelcester LE87 286 Lloyds Bank PIC PO Box IDOO Andover BXI ILT In5urer.' The church 15 insured with the Etclesiastical Insurance Group. The premium covers buildings and tontents to a totsl of £13,300,000 ernployef's liabillty to £10,000,000, ènd public Ilability to £lO,O(K),000,
ST JAMES'S CHURCH, RYDE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trsteS present their feport together with the financlal statements ol the tharlty for the yÈar ended 31 December 2023. The flnanclal statement5 comply wlth the charit¢5 govefnlng document, ChJrity Commlsslon 8uldants on rpcelpts and payment5 accounts, and applicable law. The le8al and admlnistr3tive Informatlon set out on page I forms part of thls report. Constltutlon, objects and alms A Church of England (CofEI Proprletsry Chapel slnce 1827, In February 2020 the Church Council (frusteesl of St James's Church, Ryde voted to leave the ColE to seek episcopal oversight undér the govèrnance of the Artglican Mission In En&lartd IAMIEI. The church reman9 3 part of the 'Global Fellowship of Confessing Ahgllc311s' IGAFCONI and a place of worship whereln the Protestani and Evangelical doctrlnes are taught aThd service5 are conducted In accordance wirh CofE practice as laid down in the Book of Common Prayer, the Ordinals artd Homilbes. The Mlnister, the Rev'd James Leggett, is employpd by the Church Coundl of St James's, Ryde. The appolntment of the Minister is the responsibility ol the trustees of ihe charlty, 'The Chapel of 5t James, Ryde lexempt charity),, who have patronage for the 8enefice. The church also employs 8n A550ciate Mini5teT, è Vouth worker 3nd an Administrator. The Church Council is 8uided by its Vision statement-. Goal God gives 10015 Gospel centered tasks to 8lorify God In all that we do. the 8ible and Prayer. proclaim¢ng ChTlst, buildlng eath other up, sendlng out workers. The use of the church buildingi includirnE the 31tached St James's Hall with church flat incorporated, Is governed by the trustees ol The Chapel st Jaine5, R¥de' artin8 in their capacity as landlord, wlth the Chur£h Society acting as holijing trustee of the chuich land and propertles, whlch include the Manse at 29 Mayfleld Road IP033 3PRI. The Church SDElety is a conseNative evan8elical organisation concerned with maintaining the dOCtrfie and w015hip of the ColE and upholdin8 the sulllciency and authority of scrTrpture. More can be found at www.church50CIEty.ur6. The church buildlng Is a non-consetrated, Grade 118 Listed buildlng located In the cèntre of Ryde and Incgrporate5 the church offlce al 4 Market Street, Ryde, P033 2NG (tel.. 01983 5663811. Strudure. Kovernan¢e and manalempnt Sl James's Church, Ryde Is a Charltable Incorporated OrBanisation IC101 governed by Its Con5tilvtion, dated 12 February 2020 and mana8ed by the charlty's trusteos. In Practlce the charlty trustees are CDllertively ¥Èferred to as the Churth CounciS. The Constlturion provides that charlty trustees (Church Councll Mernbersl shall be.. Thè Minlster and Associate Mlnister,. the two SeniDr Deacon5 elected at the annual 8eneral meotin8 IAGMI and up to 12 elerted trustees. The Church CDuricll memiie.rs are elected at the AGM by members of the congregation who are on the register of Church Members, referred to as the Elettoral Roll. Membefshlp ol the Church is open to any n3tural person who.. is baptised,. professes faith in our Lord Jesus christ as God and 5aviour,' acknowledge5 the scrip*ure$ as being God'5 word and as the final authorSty in all matters of bellef and conduct.. is in agreement with the doctrinal 8asis of Faith as lald down in the Constltutlon., is 51Xteen years of age or upwards,. has habltually attended publÉc worship in St. James's (the CIO) during a period of six months prior to enrolment and declares himself or herself either.. to be a tnember of the global Angllcan fellowshlp a5 represented by the Global An¥llcan Future Cunlerence IGAFCONI and expressed by the Jerusalem Statement or,. to be a member of Ihe Church ol En8land lor of a ch¢th in communion with the Church of Enelandl or.. to be a member in good standing ol a Church that 1$ not in communion with the Church of ED8land but belng prepared to declare himself or herself 3 memb&r of the Church of England. The Church Councll met ten times durin8 the ye?r, wSth an average attendance of 10 members, It dealt with all the allairs of the church and recelvpd and con5ideied reports by suts-committees establlshed for Mlnistiy Lpadershlp, Flnance arsd Mlssionary.
ST JAMES'S CHURCH, RYDE TRUSTEES. REPORT FOR THE YEAR ENDEO 51 DECEMBER 2023 Oble¢tlve$ and attivltles St James's Church, Ryde seeks to advance the Christian laiih in accordance with the Basi5 of Faith as laid down in the Constltutlon, prlmarlly bijt not excluslvplylo thp bp.nelit of the PEopIE of Ryde 3nd the rest of the151e of Wight. The followlng purposes have been establlshed by the Church Councll to ensure ihat Church Ilfe ènd actlvltles are focused on achiewing the object in line with the v¢sion'. Generally advandng the iellgion,. delivered through the faithful preaching of GOES'S word as 5ald down in the Bible, In the weekly Sunday servlces, Sunday Clubs and Sunday Youth Broup mee(In8S,' the mld-week adult houge-groups and youth groups, and the monthly prayer meetlngs where the work of the church is brought before the throne of gr3ce, Provldlng a place of worship., dellvered by the provisSon of the nuessary services, facillties, and adminlsirative support. to ensure the provision tsf a clean, sale, secure, accessible and wÈlcomins envirDnmefit the various worship a¢tivitFes, Malntalnlng a bullding used for reliqlous purpose5.' the Church Counc51 elected In 1993 to comply wlth the reguirernents of the CofE Consistory Court for alterations and improvements to the building. its contents and fufDlShin8s. These requirements include Qvinqueniii31 InspÈctSons of the bulldin8 and Archdeacon's Fahroc Visltallans. Thls Is no longer the ease slnce the Church left the ColE and alternative arrangements are belng dls£ussed with the Chapel of St James Chrth trustees as owners of the buildin8. the Church Coullcll hds estat)Ilshed a sm?11 maintenante team drawn from the Eongre8ètion to address mlllor repalrs. using local contractors for larger work5 rEgular inspertions ol the building are carfied out and reports made to the Church Council. CunduclirF8 religlou5 ceremDnies,' Dellvered rhrou8h the provlslon of a m1n1sr and venue enablSng the tondutt of.. Baptlsms, Marriages and Funerals, Raising awaYene5s of religious beliefs and practices,. • dellvwed through supporting the actlvitles of volunteers taking part in external activlties to ralse awareness of the Chri5l?an Faith Jnd support to the Glubal An8ll£an Future Conference IGAFCONI in standSnB for Blbllcal truth wlthin the Angllcan Fellowshipj Educatin8 people about religton; delivered through a mixture of volunteers. the employed MSn15try Staff and external spe3ker5 te3chlng courses, leading study Broup5 and delivering seminar5, Pastoral Care & Outreach., dellverEd prlmarlly by thp Mlni5try staff supported by voluntEer5 provldlng pastoral supporL particulad¥ House Group leaders afid, bv encouraging fellowship oppo¥tunities to support each other, by DUtrEdLh Hctivlties irito the lotal comrtiunltv, by support for volunteers Involved In external actlvltles where those actlvitles contrlbute to the objects ènd Pufposes of the Church Council, M155*onary and Evangelical., dellvered thr(Jugh Ilnanclal, practlcal and prayer support to Mlsslonary Partners and Mlsslonary Agencles based In Great Orit8iTr and Northern Iréland, by dedlcated mlsslon servlces where the Chrlstlan message of love and hope Is proclalmed to the people of Ryde, by èvangelical rTheetin85 where the Christlan faith Is mède known. • by 5UPPOrt to mission organisations operating in England and Wales, by open alr witness in the streets of Ryde, by sendln6 Out wort¢ers from the con8re8atlon Into the mlssion Ileld when opportvnlty arlses.
ST JAMES'S CHURCH, RYDE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Church Council15 aware ol the Char5ty Commlssion's guidance on publlc benefit as lald down In Th Advancement of Religion IDr the Public Benefit" and have regard to It in the admlnlsrration 0¢ the Church. The Church Council believes that by athievlng the mlsslon of tho Church through meeting the aforementloned objective5 It provlde5 benefit to the publ[£ Allowlngthe public to heal about the Christian falth through evangellcal mlssion and outreach.. to enable those who choose to attond the church to live out their faith through the faithful prÈachlng of God's word., Sndivldual and communal prayer and partlcipation In worshlp ceremonles, e.g. baptlsm, weddlngs and funerals, and; the pèstoral care of thoge attendlng the church, afforrlln8 them splritU31 healtli aiid wellbeing and eoulppln8 them with the mental and Spiritual motlvations and moral afid ethic31 guldance necessary to b£ good neighbours to the public at large and useful members of the community. The church Countil Is responslble, inter alla, for the rnanagement and administratlon ol the Church financE5 and the care and malntenance of the fabrlc of the thurch buildin85 and the manse and for any action or other matter refefred to It In accordance with the Constitution. Athlevements and PErformance- Ivllnlster's TPort Ourtng the year. the congregation included an average of aPPToximately 100 adults and 20 ¢.hildren on a snday. We warmly welcome anyone, from any background to our Sunday Meeting5. We have marty vlsitor5 in the sthool holiday51 and increased numbers lor speclal services. We have weekly sunday servlces at 10..30am and a lortnightly 6'.30pm sefvlce. The Lord's Suppèr is celebrated monihly In the morning service and occa51onally at the evenlng tneeting. Chlldrèn and Youth Groups The lollowing children and youth grcxjps ran durlnB our Sunday 5ervlcs-. Sunday Tots IPre-Schooll. Sunday Kids Iprlmary School) and SundJy Youth IHlgh Schooll. TherÉ is a Midweek Bible Study group D15cipleshlp The sm311 groijps that met midweek are An è.ssentlal part of the rnlnlstry at St. James's Church.. HotJ5e Groups- for any member of the church famlly. We have 8 grovps that meet fortnt8htlv. Women on Wednesday IWOWI for any ladies in the church lamlly. The group Meets in onè housè but splits Into two group5. Thi5 gioup meets every week in the School temi. Women Working 4 Christ IWW4CI- a group for ladles In ihe workp18ce, meeilnK approxlmately every 6 weeks. Women'5 Breakfast- a Broup that meets 6 times a year to study the 8lble together, MeTr'5 Bieakfa5t- an opportunity foi the men in the church to meet 6 limes a year for fellowship, outreach and teaching. Prayer &reakfast- a monthly meeting for fellowship at)d prbyer. Monthly Prayer meetlnR- the thurch fam(ly come together to prayer for the church. country and our rni5sion paftner5. Evzngellsm Perlodically through the year we presented the opportunity for people to explore the Chrlstian faith. This was done through.. Chri5tianiiy Explored, and 3-2-1 course5. Variou5 services throu8hDUt the year are 8eared to explainin8 the Chri5t12n faith clearly and simply. A nev4 Outreach to the Ryde communlty was started In 2023. A Dnce a month meÉtlng lor lamllle5 on a Sunday afternoon. Crafts, games, and food were laid on free ol charge. Each meeting would have a theme and a Bible activity. The year was very encouraglng Wlth between 40-80 aitending Èach meeting.
ST JAMES'S CHURCH, RYDE TRLISTEE5' REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 Evangellsm Iconllnuedl Therè is a well-establlshed toddler group that meets each Tuesday morning. Addltional meetlng has beèn tsfféred to parents who would like to know more about Christianlty, Thi5 meEts for 45 minutes before the formal group. 2023 alsc sèw St. James's plant a new chuich In E. Cowes. The A550ciate Minister headed up thls plant wlth 7 adults and 7 children golng with hlm. Volunteers The church benefitled greatly from the tlme and support of many volunteers. Thls contribution cannot be ouanflfled financially or in time. With a congregation of over 100 people, and just 4 members of staff, the vast fflajority ol task5 and ¢omThitfflent5 are carried out by volui)teer5 Sn the church family. Mlsslon partners The church 5UPPOrted six misslon partner5 seeking to share the good nÈws of jesu5 Ch¥1st in Yariou5 parts r)f the world. Support for pach ol them Indudes prayer, encoJragement and financlal support. Financlal revlew Total Income for year amounted to £174,04612022.' £137,238) and expendSture amounted to £142,S3512022.. £174,912> the overall surplus for the year amountgd to ],511 12022.. deficlt £37.6741. Last year's costs Included a substantia Investment In the MaInten3n of the church buildln& including a heating and Ilghtlng 5YStem that wlll PfovidE beneflts for many years to tome. Reser¥e5 poIIcv The charity holds resètyes ITh ordèr to meet Its operatlonal and casltflow aeeds, provlde for the malntenance of the church and buildin85 and Hs a contineency to cover any unloie5een CiTcumstance5. The overall reserves held at 31 December arnounted ta £17S,701 01 wh*ch £77,721 were held for restrlcted purp05e5. and £15,011 are held as designated lor expendlture on mlsslons, or at the mlnister'5 dlscretlon. Thls leaves Iree resÈrves of £82,969. Stateme#t of trustees rOSPOhsiblMtle$ The trustees are responslble lor keeping proper accountln8 records whlch dlsclose with reasonable accuracy at any tlme the flnènclal posSllon ol the tharity ind to enable thèm to pnsure that the flnanclal statements Complywth Siatèments of Retommended Practice and the re8uldtions mado under tlie Charitle5 Act 2011. They are also responsible lor 53feguarding the assets of the charlty and hence for taklng reasonable step5 lor the prevention and detectSon ol fraud and other rregularItIes. Approved by the trustees and $18ned on their behalf by.. Oated.. 13/101201 Dated,, 20YL1
STJAMES'S CHURCH, RYDE INDEPENDENT EKAMINEA'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 I report on the accounts of the charlty for ihe yedr 31 DocombÉr 2023, sÈt out on pbBes 5 to 7. Respectlw8 responslbll¢tles of trustees and examlner The tru5tEe5 a re5ponslble for the preparation ol the accounts. The trustee5 consider that an audit is not required for this year under sertion 144121 of the Chèiittes Act ?011 Ithe 2011 Artl and that an Independent examlnatlon Is needed. It is my responsibility lo.. examine the accounts under sectlon 145 of the 2011 Att.. to follow the pro¢edyre5 I3id down in the General Directlons given by thé Charity Cornmlssion under section 14Sl5llbl of the 2011 Act,. and to 5trlte whether particular matters have come to rny attention, asl$ ol Independent examlner's report My oxamlnation was carried out in accord3nce wlth the General DIrect1t5 glven by the Charity Ci)Fnmi55ioner. An examination includes a rpview of the accountin8 records kept by the charity and a comparison of the actounts presented wlth those records. It also Includps consideration of any uThu5ual item5 or disclosures in the accounts, and the seeking of explanation5 from you as church officers C0Cerning any such matters. The prtt¢edure5 uTrdErtaken dD fjt PTovidp all the evidence that would be required in an audit and, consequently no opiniun is given ès to whether the account5 present a 'true at)d falr vlew. and the report 15 Ilmlted to those matters sel out in the statement below. Independent exarnlner'5 Statem•nt n connettlon with my examination, no matter has come to my atteAtion'. which 6lves me reasonable cause to bleVe that In any matersal respect the reguirernent5'. to keep accounting records In accordance wlth 5e¢tlon 130 of the 2011 Act,, and to prepare accounts whith accord with the ?¢countin8 recDrds and to comply with the accounting requlfements of the 2011 Act have not been mot,. or to whlch, Tny oplnlon. atteTrtSon should be drawn in orderto enable a proper understandlnl of the acc(iunts to be reathed. Ibl Gavin Kelly, FCCA, ACA Bright Brown Limited Exch3nEe House St Cross Lane NewpDrt sle of Wight P030 SBZ Date.. 14
ST JAMES'S CHURCH, RYDE RECEIPTS AND PAYMENfs ACCOUNT FOR TME YEAR ENDED 31 DECEMBER 2023 uhrerIrted Restricted funds funds Total 20Z3 Totsl 2022 RECEIPTS Planned gtving Donations Plate oflerlngs Investment Income Youth Wofk Legacies Mission irkcome Tlddlywinks Church build5ng Botskstall Income Appe31s and gift days Local outreach and evan8eli5m Incumbents fund 110,483 5.066 2,687 667 110,483 5,066 2,687 667 10,000 5,238 2,093 730 7,406 iio 27,790 1,578 198 109,822 3,420 3,512 36 10,000 296 2,486 530 130 221 4,895 1,633 257 10,000 5,238 2,093 730 7,406 iio 27,197 210 593 1,368 198 TOTAL RECEIPTS 133,706 40,340 174,046 137,238 PAYMENTS Stall £osts Administratlon ChLtrch running Youth work Expenditure Local outroach and evangplism costs Mlssion expenditure Tiddlywinks expenditure Church building eKpenditure Mayfield Road expenditure 8ook5tall Pastoral support Discipleshlp 79,726 5,175 18,243 12,755 275 2,713 883 1,302 3,515 92.481 5,450 20.956 93,292 4.538 19,204 607 1,540 11,073 688 37,139 4,436 114 886 1,39S 1.335 10,359 2,637 13,874 3.721 3,721 167 1.357 2(J) 167 675 200 682 TOTAL PAYMENTS 119.241 23,294 142,535 174,912 NET INCREASEIIDECREASEI IN CASH FUNDS Tran5fer5 between funds 14,465 17,046 11,4301 62,105 31,511 137,6741 1,430 Cash funds brought forward CASH FLINDS CARRIED FORWARD 82,085 144,190 181,864 97,980 77.721 175,701 144,190 Approved by the churth officers and signèd on their behalf by.. Daled.. Dated:
ST JAMES'S CHURCH, RYDE STATEMINTOF ASSETS AND LIABILifiES A5 AT 31 DECEMBER 202a Unrestrlcted fvnds Restrlrted funds Total 2023 Total 2022 I CASH FUNDS Current account Oeposit account Tiddlywinks account Petty cash 25,844 72,120 77,721 103.565 72,120 72,252 71.453 473 12 16 16 97,980 77,721 175,701 144,190 Restrlcted funds are funds received Dr collected where the expenditure is restricted to belog for a particular purpose a5 pert ol the overall chafit3ble PUTPOSÈ. Co$1 2 ASSETS RETAINEO FOR OWN USE Churth heatin8 ond lighting 33,416
3 TRANSFERS BETWEEN FUNDS Net At 01.01.2023 movement in yèar At 31.12.2023 Tran5frs Unr8Strlcted Funds General Fund Minister's discretionary Minister's book fund MissloD Alttude Mlsslon Cr05511nks Misslon Intew5erve Mi55ion QM M15$1on General 67,603 4.158 208 1,000 2,616 3.000 3.500 24,185 228 198 11,0001 12,6161 13.0301 13,5001 18,8191 82,969 4,386 406 1,000 2,616 3,000 3,500 103 1,000 2.616 3,030 3,500 103 82,085 14.465 1,430 97,980 Restrl¢ted Funds Apprentlce & Youthwork MlTrlster's discretionary ChrEh maintenance and refurbishmént East Cowes church plant Mission Cr05sllnks Mission General Min15ter's book fund Appeals & Gift Days Bookstall and Newspaper Flower fknnd Tiddlywinks Sentors fund Weeket)d Men'5 Alms lor the poor Easter Bible ReadinB5 27,881 25.730 24,296 24,078 8,000 13,763 11,6521 8,000 13,763 384 1,630 4,104 790 261 251 481 284 62 169 78 1,583 14241 137fll 11,43UI 1,783 3,680 420 130 409 402 167 62 69 78 158 1791 iiooi 62,105 17,046 11.4301 77.721 144,190 31,511 175,7Ql