**St Lawrence Church, Little Stanmore** (charity number 1130629) **Financial statements for the year ended 31 December 2020**
|**Page**|**Contents**|
|---|---|
|2 - 7|Trustees’ annual report|
|8|Independent Examiner’s report|
|9|Statement of financial activities|
|10|Balance sheet|
|11 - 18|Notes to the accounts|
**St Lawrence Church, Little Stanmore Trustees’ annual report for the year ended 31 December 2020**
The trustees submit their annual report and the financial statements for the year ended 31 December 2020.
**Full name** The Parochial Church Council of the Ecclesiastical Parish of St Lawrence Church, Little Stanmore, alias Whitchurch
**Other names by which the charity is known** St Lawrence Church, Little Stanmore, aka Whitchurch
**Registered charity number** 1130629
## **Organisation type** Registered Charity
## **Principal office**
c/o Whitchurch Rectory St Lawrence Close Edgware Middlesex HA8 6RB
## **Trustees**
Fr Paul Reece Rector and Chair PCC Eric Ramsay Churchwarden Claire Froomberg Treasurer Les Miller Deanery Synod Rep Sheila Moir Churchwarden Louisa Chipperfield Trustee (deceased May 2021) Tudor Davis Trustee Paul Huntley Trustee Sue Huntley Trustee Sara - Jane Donovan Trustee Lorraine Miller Trustee E Sailor Trustee
2
## **St Lawrence Church, Little Stanmore**
## **Independent examiner**
John O’Brien, employee of Community Accounting Plus, Units 1 and 2, North West, 41 Talbot Street, Nottingham, NG1 5GL
## **Governance and management**
The charity is operated under the rules of its Governing document, the Parochial Church council is a corporate body established by the Church of England. The PCC operates under the current Parochial Church Council Measure. It is registered with the Charity Commission under registered charity number 1130629.
Overall management of the charity is the responsibility of the trustees who are elected under the rules of the Parochial Church council for corporate bodies established by the Church of England. Day to day activities of the charity are managed as described below.
Recruitment and appointment of new trustees
The method of appointment of PCC members is set out in the Church Representation Rules. Deanery Synod members are ex-officio members of the PCC. The PCC consists of the Rector, the churchwardens, the treasurer, the secretary and other members. Most members are elected by members of the congregation who are on the electoral roll of the church, but members may also be co-opted by invitation. All those who attend our services / members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.
Organisational Structure
The PCC aims to meet at least six times a year subject to holidays and other requirements. A standing committee consisting of the Rector and Officers, plus 2 others, if required, is appointed annually and has the power to transact the business of the PCC between meetings subject to directions given by the council.
## **Objectives and activities**
The Charitable objects are promoting in the ecclesiastical parish the whole mission of the Church. Activities include regular public worship open to all, pastoral work, including visiting the sick and the bereaved, teaching Christianity through sermons, courses and small groups and supporting charities in the UK and overseas. Further details are shown below.
## **Summary of the main activities undertaken for the public benefit**
The main activities which benefit the pubic are the regular services open to anyone wishing to participate and ministry, collections from the congregation for various charities as outlined in the objects, the collection of food for the local food bank and the letting of church facilities for local groups and other Christian groups. The church is also open to visitors on a regular basis for private worship and to enjoy the church building itself which is of historic and artistic interest. The main beneficiaries are the general public and mankind.
## **Public benefit statement**
The Trustees confirm that they have complied with their duty under the Charities Act 2011 to consider and have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
3
## **St Lawrence Church, Little Stanmore**
## **Summary of the achievements and performance during the period**
## **Effects of COVID-19**
Obviously, Covid-19 has had an extensive impact on everyone at St Lawrence’s, as a church congregation and as individuals. We have followed Government and Church regulations and advice, producing risk assessments which are regularly reviewed. The PCC has carefully monitored the situation and kept the church open for public worship when safe to do so. We have considered how we can reduce the risk of transmission in church including social distancing, cleaning, mask wearing and limiting social interaction. We constantly look for ways that we can further reduce risk and we appreciate everyone’s co-operation. Much of this year has been impacted by the virus in so many ways which are reflected in this report.
## **Church Attendance**
At the recent Renewal of the Church Electoral Roll there are 78 parishioners on the Electoral Roll, 45 of whom are not resident within the parish. This is compared to 78 on the previous Roll. This is the same as last year. The average number of physical worshippers each Sunday is 24 adults, but this has been because of the pandemic. _It should be noted that people are now returning given the vaccination programme and we now average 32._
## **Review of the Year**
St Lawrence’s offers a range of services during the week which this year were adapted because of the Covid-19 pandemic. We had periods when public worship was suspended; periods with worship in church and we have learnt how to stream our worship live via Facebook; since the beginning of the pandemic, we have undertaken a significant digital presence. We hope our community found this both beneficial and spiritually fulfilling.
The parish website and Facebook page have been a valued resource during lockdown and now includes links to our own recorded services, to online services from the Cathedral and national services from the Church of England.
All are welcome to attend our regular services. On a regular Sunday during the pandemic we have averaged 24 communicants as distinct from 40 – 50 communicants pre-pandemic. However, many have joined us online including many parishioners who had previously moved away. On weekdays, we have continued to average 8 communicants on a Tuesday morning and 6 communicants on a Thursday evening. Under the not insubstantial challenges of the first lockdown, we continued to sustain a full liturgical programme for Holy Week and Easter albeit online.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God's blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. We have sadly because of the pandemic conducted many funerals either in our church or at crematoriums this past year.
As mentioned above, during 2020 worship took place at one regular Sunday Eucharist, with 2 midweek Eucharists, there were other Services at Festivals. In addition, the Rector says the Daily Offices in Church. Through our automatic tolling bell, the local community has heard that throughout the pandemic we have been praying for them – and indeed the bell is often remarked upon, by people of faith and none, as being welcome.
The Rector, Fr Paul Reece, at the start of the pandemic in March 2020 was appointed Interim Chaplain of the Royal National Orthopaedic Trust which is in the Parish. In July 2020, after a
4
## **St Lawrence Church, Little Stanmore**
competitive recruitment process, in addition to being Rector of Little Stanmore Fr Paul was appointed the substantive Chaplain at the Hospital for 0.6 of his working week. The fact that Fr Paul is now paid 0.6 of his stipend by the NHS has alleviated some but not all of the Parish’s not insubstantial financial difficulties.
In normal times, the Hall is a very well-used resource which provides a much-needed income as well as giving us many points of contact with people from the local community. Unfortunately, for safety reasons the hall has remained closed from the start of the pandemic.
Because of the Covid Pandemic and being of a generally older demographic we effectively went into “maintenance mode” meaning that we only did that which we were allowed to do under the Lockdown Restrictions making the opening of the church for public worship along with ensuring it was streamed for those shielding or housebound our priority. Through the offices of a few the church fabric was looked after, however it became evident that the cracks/subsidence between the C1400 tower and C1715 church needed to become a priority.
## **Our Challenges**
Lack of Money
1. We are stewards of a building which is both iconic and historic being the only Continental Baroque Parish Church in the Country.
2. We have a Church Hall which is overdue to be replaced.
3. We are placed in a very fluid and quickly changing community where 81% is the Ethnic Majority. Those who are people of faith are either Hindu or Muslim and of course there are those of no faith. The experience of being perceived as a sleepy 1930’s suburb set within the Metroland of Betjeman has significantly changed since the accession of the A8 states into the European Union in 2004; there has been an unprecedented change in the population profile as well as housing.
4. Congregational numbers - because of 3 above
5. The Covid 19 Pandemic
## **Our Strengths**
1. We have a small but strong and committed congregation of people who are united in the same vision.
2. We have a supportive PCC
3. We have an iconic and historic building
4. We are known for our musical tradition
5. We continue to have God on our side!
## **Financial review**
The Parish maintains a General bank account, and this serves as the ordinary finances of the Parish. The net movement in total funds for the year as shown on the statement of financial activities was:
2020: £ (16,955) deficit
2019: (5,132) deficit
Obviously 2020 was a very abnormal year, and we were faced with a challenging time financially. We rely heavily on hall lettings and fundraising income so, with lockdowns, new COVID distancing requirements etc. this loss could have put St Lawrence’s into a very tricky situation. Fortunately, the wonderful generosity of the congregation and our community and the Friends of St Lawrence have kept the deficit to a manageable level.
5
## **St Lawrence Church, Little Stanmore**
Expenditure was lower than normal due to the closure of the church, Hall cleaning, printing, heating, lighting etc
The income from property was maintained.
The Diocese of London are concerned that we maintain an acceptable level of giving to the Common Fund: in 2020 this was maintained at the committed level of £54,400; 2019 was £54,400. This is to be reduced in 2021 as the Rector has been working 0.6 of his time as Chaplain of the Royal National Orthopaedic Trust
The development of a plan for a new hall requires full funding, both in Capital terms, and to guarantee appropriate levels of income to the Parish in the future. The PCC is not yet in a position to approve building a new hall because the funds to do so are too small and the financial arrangements which would be required have not yet been determined. However, options are being considered.
The total funds at the end of the period were £1,217,493 (2019: £ 1,234,448)
## **Volunteers**
We continue to be grateful to those who give voluntarily of their time to support St Lawrence’s. This could be considered as a variant of financial support, as “doing it ourselves” does save St Lawrence’s considerable expense
## **Risks and risk management**
The risks faced have been considered and methods of reducing the risks or mitigating them are outlined below:
Income levels either now or in the future may become insufficient to maintain current expenditure, during the building of a new hall. Our advice is that this risk may be covered using the unrestricted New Hall Fund to ensure normal expenditure is met during the building phase.
Our ability to increase our contribution to the Common Fund for London Diocesan Finances in future is at risk. This has been mitigated from 2021 by the Rector taking on the role of Chaplain of the Royal National Orthopaedic Trust which means that St Lawrence Church has been able to reduce its Common Fund contribution in 2021.
This has been due to the loss of income for some hall rentals. Efforts to find new rental income for the hall are being seriously hampered by Corona virus and the wish to re-develop the hall. We continue to encourage donations from the congregation for specific improvements to the church and churchyard. Other measures of this type will be considered on an on-going basis.
There remains a risk of thefts of lead from the church roof but this has been mitigated by the use of a security system which is in continuous use.
6
## **St Lawrence Church, Little Stanmore**
## **The charity’s policy on reserves**
The reserves policy is to hold sufficient funds to allow for the continuous provision of services and ministry, to maintain the church and to provide, in the longer term, for the replacement of the Church Hall. The trustees consider that the reserves are reasonable at the year-end. At year-end Cash reserves Including creditors and debtors etc., were as follows for each fund:
New Hall: Unrestricted 105,093 Restricted 494,504 599,597 Fabric (Church Building) 71,844 General 42,298 713,739
This means we are able to meet 18 month’s Diocesan Common Fund at the reduced rate of £27,850 p.a. out of Reserves (2019: 12 months based on £54,400 p.a.). The trustees consider this to be a reasonable level.
No new amounts were designated at the end of the reporting period. Further details of funds are shown in the notes to the accounts
## **Statement of Trustees’ Responsibilities**
The trustees are responsible for preparing the trustees’ report and financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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 in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ Fr Paul Reece 21/10/2021
Fr Paul Reece, Trustee and Chair of the PCC
Signed _____________________________________________ Date __________ C Froomberg 22/10/2021 Claire Froomberg, Trustee and Treasurer
7
## **Independent examiner’s report to the trustees of St Lawrence Church, Little Stanmore for the year ended 31 December 2020**
I report to the trustees on my examination of the accounts of St Lawrence Church, Little Stanmore (the charity) for the year ended 31 December 2020.
## **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 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
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 Act; or
2. the accounts do not accord with those records.
3. The accounts do not comply with the accounting 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.
Signed _________________________ Date ______________________ John O'Brien 22/10/2021 John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
8
## **St Lawrence Church, Little Stanmore Statement of financial activities for the year ended 31 December 2020**
|**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Note**
**£**
**£**
**£**
**Income (and endowments) from:**
Donations and legacies
**2**
50983
-
-
Charitable activities
**3**
137
-
-
Other trading activities
**4**
3459
-
-
Investments
**5**
20228
2069
-
**Total**
**74807**
**2069**
**-**
**Expenditure on:**
Common Fund / Parish costs
54944
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
820
-
-
Upkeep of churchyard
4752
-
-
Independent examination
954
-
-
Utilities
5468
-
-
Repairs and maintenance
1851
1224
-
Professional fees - new hall
-
4474
-
Cleaning
2182
-
-
Insurance
9559
-
-
Telephone, internet & postage
207
-
-
Printing,stationery & copying
2922
-
-
Refuse
1174
-
-
Security
388
-
-
Depreciation
424
228
-
Charitable giving
14
-
-
Sundry expenditure
76
-
-
**Total**
**88735**
**5926**
**-**
**Net income/(expenditure)**
**(13928)**
**(3857)**
**-**
**Other recognised gains/(losses):**
Gains/(losses) on investment assets
**9**
-
-
830
**Net movement in funds**
**(13928)**
**(3857)**
**830**
**Reconciliation of funds:**
Total funds brought forward
652182
570205
12061
**Total funds carried forward**
**12**
**638254**
**566348**
**12891**|**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Note**
**£**
**£**
**£**
**Income (and endowments) from:**
Donations and legacies
**2**
50983
-
-
Charitable activities
**3**
137
-
-
Other trading activities
**4**
3459
-
-
Investments
**5**
20228
2069
-
**Total**
**74807**
**2069**
**-**
**Expenditure on:**
Common Fund / Parish costs
54944
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
820
-
-
Upkeep of churchyard
4752
-
-
Independent examination
954
-
-
Utilities
5468
-
-
Repairs and maintenance
1851
1224
-
Professional fees - new hall
-
4474
-
Cleaning
2182
-
-
Insurance
9559
-
-
Telephone, internet & postage
207
-
-
Printing,stationery & copying
2922
-
-
Refuse
1174
-
-
Security
388
-
-
Depreciation
424
228
-
Charitable giving
14
-
-
Sundry expenditure
76
-
-
**Total**
**88735**
**5926**
**-**
**Net income/(expenditure)**
**(13928)**
**(3857)**
**-**
**Other recognised gains/(losses):**
Gains/(losses) on investment assets
**9**
-
-
830
**Net movement in funds**
**(13928)**
**(3857)**
**830**
**Reconciliation of funds:**
Total funds brought forward
652182
570205
12061
**Total funds carried forward**
**12**
**638254**
**566348**
**12891**|**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Note**
**£**
**£**
**£**
**Income (and endowments) from:**
Donations and legacies
**2**
50983
-
-
Charitable activities
**3**
137
-
-
Other trading activities
**4**
3459
-
-
Investments
**5**
20228
2069
-
**Total**
**74807**
**2069**
**-**
**Expenditure on:**
Common Fund / Parish costs
54944
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
820
-
-
Upkeep of churchyard
4752
-
-
Independent examination
954
-
-
Utilities
5468
-
-
Repairs and maintenance
1851
1224
-
Professional fees - new hall
-
4474
-
Cleaning
2182
-
-
Insurance
9559
-
-
Telephone, internet & postage
207
-
-
Printing,stationery & copying
2922
-
-
Refuse
1174
-
-
Security
388
-
-
Depreciation
424
228
-
Charitable giving
14
-
-
Sundry expenditure
76
-
-
**Total**
**88735**
**5926**
**-**
**Net income/(expenditure)**
**(13928)**
**(3857)**
**-**
**Other recognised gains/(losses):**
Gains/(losses) on investment assets
**9**
-
-
830
**Net movement in funds**
**(13928)**
**(3857)**
**830**
**Reconciliation of funds:**
Total funds brought forward
652182
570205
12061
**Total funds carried forward**
**12**
**638254**
**566348**
**12891**|**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Note**
**£**
**£**
**£**
**Income (and endowments) from:**
Donations and legacies
**2**
50983
-
-
Charitable activities
**3**
137
-
-
Other trading activities
**4**
3459
-
-
Investments
**5**
20228
2069
-
**Total**
**74807**
**2069**
**-**
**Expenditure on:**
Common Fund / Parish costs
54944
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
820
-
-
Upkeep of churchyard
4752
-
-
Independent examination
954
-
-
Utilities
5468
-
-
Repairs and maintenance
1851
1224
-
Professional fees - new hall
-
4474
-
Cleaning
2182
-
-
Insurance
9559
-
-
Telephone, internet & postage
207
-
-
Printing,stationery & copying
2922
-
-
Refuse
1174
-
-
Security
388
-
-
Depreciation
424
228
-
Charitable giving
14
-
-
Sundry expenditure
76
-
-
**Total**
**88735**
**5926**
**-**
**Net income/(expenditure)**
**(13928)**
**(3857)**
**-**
**Other recognised gains/(losses):**
Gains/(losses) on investment assets
**9**
-
-
830
**Net movement in funds**
**(13928)**
**(3857)**
**830**
**Reconciliation of funds:**
Total funds brought forward
652182
570205
12061
**Total funds carried forward**
**12**
**638254**
**566348**
**12891**|**Total**
**2020**
**£**
50983
137
3459
22297|Total
2019
£
55570
2319
16703
19816|
|---|---|---|---|---|---|
||**74807**|**2069**|**-**|**76876**|94408|
||54944
3000
820
4752
954
5468
1851
-
2182
9559
207
2922
1174
388
424
14
76
**88735**
**(13928)**
-
**(13928)**
652182
**638254**|-
-
-
-
-
-
1224
4474
-
-
-
-
-
-
228
-
-
**5926**
**(3857)**
-
**(3857)**
570205
**566348**|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
830
**830**
12061
**12891**|54944
3000
820
4752
954
5468
3075
4474
2182
9559
207
2922
1174
388
652
14
76
**94661**
**(17785)**
830
**(16955)**
1234448
**1217493**|54944
3403
4627
3337
954
5476
6317
-
5035
9483
488
1654
1565
1507
724
1312
615|
||||||101441|
||||||(7033)
1901|
||||||(5132)|
||||||1239580|
||||||1234448|
All the activities of the charity are classed as continuing The notes on pages 11 to 18 form part of these financial statements
9
## **St Lawrence Church, Little Stanmore Balance sheet at 31 December 2020**
|**Note**
**Fixed assets:**
Tangible assets
**6**
Investments
**7**
Total fixed assets
**Current assets:**
Debtors
**8**
Investments
**9**
Cash at bank and in hand
Total current assets
**Liabilities:**
Creditors:
Amounts falling due within one year
**10**
Net current assets or liabilities
Total assets less current liabilities
**Total net assets or liabilities**
**The funds of the charity**
Endowment funds
**12**
Restricted income funds
**11**
Unrestricted funds
**11**
Revaluation reserve
**11**
Total unrestricted funds
**Total charity funds**|**£**
5863
485000
24361
12891
691245
728497
(1867)|**2020**
2019
**£**
£
6514
485000
490863
491514
16049
12061
721744
749854
(6920)
726630
742934
1217493
1234448
**1217493**
1234448
12891
12061
566348
570205
499529
513457
138725
138725
638254
652182
**1217493**
1234448|
|---|---|---|
The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees:
Signed ___________________________________ C Froomberg Dated ___________ 22/10/2021 Claire Froomberg, Trustee
10
## **St Lawrence Church, Little Stanmore Notes to the accounts for the year ended 31 December 2020**
## **1. Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and reporting by Charites: 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 2015)-(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
## **Basis of preparation**
St Lawrence Church, Little Stanmore meets the definition of a public benefit entity under FRS 192. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to adopt Bulletin 1 published on February 2016 and therefore has not included a cash flow statement in these financial statements.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Pension costs**
The charity does not currently make any pension contributions as it does not have any employees.
11
**St Lawrence Church, Little Stanmore**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 part 11 of the corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Depreciation**
Depreciation is calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets with a cost exceeding £500 over their expected useful lives on a reducing balance basis.
The rates applicable are: **Buildings 0% Equipment 10% Furniture 10%**
## **Investments**
Fixed asset investments – Investment property is shown at the most recent re-valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the revaluation reserve. No revaluation has been done in the current year or the prior year as the Trustees do not feel it is cost effective to revalue the investment property
Current asset investments are shown at market value at the year-end.
## **2. Donations and legacies**
|Grants & donations
Legacies|**funds**
**funds**
**£**
**£**
40533
-
10450
-
**50983**
**-**|**funds**
_2019_
**£**
£
**40533**
55570
**10450**
-
**50983**
**55570**|
|---|---|---|
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**£**
Primary purpose trading
137
**137**
**ncome from other trading activities**
**Unrestricted**
**funds**
**£**
Room hire
3335
Church yard
-
Fundraising events
124
**3459**|**Unrestricted**
**funds**
**£**
Primary purpose trading
137
**137**
**ncome from other trading activities**
**Unrestricted**
**funds**
**£**
Room hire
3335
Church yard
-
Fundraising events
124
**3459**|**Total**
**funds**
_2019_
**£**
£
**137**
2319
**137**
2319
**Total**
**funds**
_2019_
**£**
£
**3335**
10280
**-**
5200
**124**
1223
**3459**
16703|_2019_
£
2319|
|---|---|---|---|
||||2319|
|||||
## **4. Income from other trading activities**
12
## **St Lawrence Church, Little Stanmore**
## **5. Investment income**
|**Unrestricted**
**funds**
**£**
Interest
1293
Rental income _(inv properties)_
18935
**20228**|**Restricted**
**Total**
**funds**
**funds**
_2019_
**£**
**£**
£
2069
**3362**
5347
-
**18935**
14469
**2069**
**22297**
19816|
|---|---|
## **6. Tangible assets (analysis of opening & closing carrying amounts)**
||**Fixtures &**|**General**||||
|---|---|---|---|---|---|
||**fittings **|**equipment**||**Total**||
|**Cost or valuation**|**£**|**£**||**£**||
|At beginning of the year|5215|30062||**35277**||
|Additions|-|-||**-**||
|Disposals|-|-||**-**||
|Valuations|-|-||**-**||
||**5215**|**30062**||**35277**||
|**Depreciation and impairments**||||||
|At beginning of the year|2934|25828||**28762**||
|Disposals|-|-||**-**||
|Depreciation|228|424||**652**||
||**3162**|**26252**||**29414**||
|**Net book value**||||||
|At beginning of the year|2281|4234||**6515**||
|At end of the year|**2053**|**3810**||**5863**||
|**Fixed asset investments**||||||
|Movement on investment (property)||||||
|||**_2020_**||_2019_||
||||**£**||£|
|Market value brought forward||485000||485000||
|Additions at cost|||-||-|
|Disposals at carrying value|||-||-|
|Unrealised gain/(loss)|||-||-|
|Market value carried forward||**485000**||485000||
## **7. Fixed asset investments**
Movement on investment (property)
Investment property is shown at the most recent revaluation. No revaluation has been done in the current year or the prior year as the Trustees do not feel it is cost effective to revalue the investment property
13
## **St Lawrence Church, Little Stanmore**
## **8. Debtors**
|Other debtors
**9. Current asset investments**
Cash on deposit
Listed investments
Movement on listed investment
Market value brought forward
Additions at cost
Disposals at carrying value
Unrealised gain/(loss)
Market value carried forward
Investments at market value comprised
Endowment funds
Knott
fund
CBF Church of England
Investment fund - Income
Shares
Begg
bequest
CBF Church of England
Investment fund - Income
Shares||||**2020**
**£**
**2019**
**£**
24361
16049
**24361**
16049
**2020**
2019
**£**
£
691245
721744
12891
12061
**704136**
733805
**2020**
2019
**£**
£
12061
10160
830
1901
**12891**
12061
**2020**
**£**
2019
£
9404
8799
3487
3262
**12891 **
12061|**2020**
**£**
**2019**
**£**
24361
16049
**24361**
16049
**2020**
2019
**£**
£
691245
721744
12891
12061
**704136**
733805
**2020**
2019
**£**
£
12061
10160
830
1901
**12891**
12061
**2020**
**£**
2019
£
9404
8799
3487
3262
**12891 **
12061|**2020**
**£**
**2019**
**£**
24361
16049
**24361**
16049
**2020**
2019
**£**
£
691245
721744
12891
12061
**704136**
733805
**2020**
2019
**£**
£
12061
10160
830
1901
**12891**
12061
**2020**
**£**
2019
£
9404
8799
3487
3262
**12891 **
12061|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||
|||||||12061|
**10. Creditors - amounts falling due within one year**
|Trade creditors
Other creditors|**_2020_**
_2019_
**£**
£
1512
6565
355
355
**1867**
6920|
|---|---|
14
## **St Lawrence Church, Little Stanmore**
## **11. Analysis of funds**
|**Unrestricted funds**
General Fund
New Hall provision
Revaluation reserve
**Restricted funds**
Fabric fund
Restricted for new hall
For year ended 31
December 2020|**Balances**
**brought**
**forward**
**£**
408823
104634
138725
**652182**
73296
496909
**570205**|**Income Expenditure**
**Balances**
**carried**
**forward**
**£**
**£**
**£**
74348
(88735)
394436
459
-
105093
-
-
138725
**74807**
**(88735)**
**638254**
-
(1452)
71844
2069
(4474)
494504
**2069**
**(5926)**
**566348**|
|---|---|---|
_The Fabric fund is restricted for repairs and renewals to the church and its surroundings The Restricted for new hall fund may be spent on the design, planning approval, supervision, building and other costs arising from replacing the church hall_
|**Unrestricted funds**
General Fund
New Hall provision
Revaluation reserve
**Restricted funds**
Fabric fund
Restricted for new hall
Prior year figures for year
ended 31 December 2019|**Balances**
**brought**
**forward**
**£**
419288
103855
138725
**661868**
74305
493247
**567552**|**Income Expenditure**
**£**
**£**
88275
(98740)
779
-
-
-
**89054**
**(98740)**
1692
(2701)
3662
-
**5354**
**(2701)**|**Balances**
**carried**
**forward**
**£**
408823
104634
138725|
|---|---|---|---|
||||**652182**|
||||73296
496909|
||||**570205**|
15
## **St Lawrence Church, Little Stanmore**
## **12. Analysis of net assets by fund**
|**Unrestricted**
**funds**
**£**
Tangible assets
5863
Investments
485000
Debtors
24361
Cash at bank and in hand
124897
Creditors: Amounts falling due within one year
(1867)
**638254**
For year ended 31 December 2020|**RestrictedEndowment**
**funds**
**funds**
**£**
**£**
-
-
-
12891
-
-
566348
-
-
-
**566348**
**12891**|**Total**
**funds**
**£**
5863
497891
24361
691245
(1867)|
|---|---|---|
|||**1217493**|
|**Unrestricted**
**funds**
**£**
Tangible assets
6514
Investments
485000
Debtors
16049
Cash at bank and in hand
151539
Creditors: Amounts falling due within one year
(6920)
**652182**
Prior year figures for year ended
31 December 2019|**RestrictedEndowment**
**Total**
**funds**
**funds**
**funds**
**£**
**£**
**£**
-
-
6514
-
12061
497061
-
-
16049
570205
-
721744
-
-
(6920)
**570205**
**12061**
**1234448**|
|---|---|
## **13. Staff costs and numbers**
There were no employees during the period and thus no staff costs. The rector is paid by the Church of England.
The average number of employees during the year was nil (2019: nil).
## **14. Trustees’ remuneration, benefits and expenses**
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.
During the year under review the Rector was reimbursed a round sum of £3,000 to cover incidental expenses incurred on behalf of the Church. This sum is included in the analysis of costs under clergy and rectory expenses. No other trustee expenses have been incurred.
## **15. Related party transactions**
There have been no related party transactions during the period.
## **16. Fees payable to independent examiner**
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
|Independent examination|**_2020_**
_2019_
**£**
£
795
795
**795**
795|
|---|---|
16
## **St Lawrence Church, Little Stanmore**
## **17. Annual commitments under operating leases**
At 31 December 2020 the charity had non-cancellable commitments to the end of the operating leases, expiring as follows:
|Operating leases which expire:
Within 2 - 5 years|**_2020_**
_2019_
**£**
£
5734
7229
**5734**
7229
**Other**|**_2020_**
_2019_
**£**
£
5734
7229
**5734**
7229
**Other**|
|---|---|---|
|||7229|
## **18. Comparative information**
For comparison purpose, the Statement of financial activities for the year-ended 31/12/2019 is presented as below:
( _see next page)_
17
## **St Lawrence Church, Little Stanmore**
## **Prior Year Statement of financial activities for the year ended 31 December 2019**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Common Fund / Parish costs
Clergy and rectory expenses
Upkeep of services
Upkeep of churchyard
Independent examination
Utilities
Repairs and maintenance
Legal costs
Cleaning
Insurance
Telephone, internet & postage
Printing,stationery & copying
Refuse
Security
Depreciation
Charitable giving
Sundry expenditure
**Total**
**Net income/(expenditure)**
**Other recognised**
**gains/(losses):**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**£**
53878
2319
16703
16154
89054
54944
3403
4627
3337
954
5476
3869
-
5035
9483
488
1654
1565
1507
471
1312
615
**98740**
**(9686)**
-
**(9686)**
661868
**652182**|**Restricted**
**Funds**
**£**
1692
-
-
3662
5354
-
-
-
-
-
-
2448
-
-
-
-
-
-
-
253
-
-
**2701**
**2653**
-
**2653**
567552
**570205**|**Endowment**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
1901
**1901**
10160
**12061**|**Total**
**2019**
**£**
55570
2319
16703
19816|
|---|---|---|---|---|
|||||94408|
|||||54944
3403
4627
3337
954
5476
6317
-
5035
9483
488
1654
1565
1507
724
1312
615|
|||||**101441**|
|||||**(7033)**
1901|
|||||**(5132)**|
|||||1239580|
|||||**1234448**|
All the activities of the charity are classed as continuing. The notes on pages 11 to 18 form part of these financial statements
18