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← The Parochial Church Council Of The Ecclesiastical Parish Of St Lawrence, Little Stanmore Alias Whitchurch

2023-12-31-accounts

St Lawrence Church, Little Stanmore (charity number 1130629) Financial statements for the year ended 31 December 2023

Page Contents
2 - 7 Trustees’ annual report
8 Independent Examiner’s report
9 Statement of financial activities
10 Balance sheet
11 - 17 Notes to the accounts

St Lawrence Church, Little Stanmore Trustees’ annual report for the year ended 31 December 2023

The trustees submit their annual report and the financial statements for the year ended 31 December 2023.

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

rustees
Fr Paul Reece Rector and Chair PCC
Eric Ramsay Churchwarden
SandySayer Treasurer
Tudor Davies Trustee
Paul Huntley Trustee
Susan Huntley Trustee
Ernest Sailor Trustee
Leslie Hammond Trustee
Bridget Johnson Trustee
Brenda Eustace Trustee
Sara-Jane Donovan Trustee
Gareth Jones Trustee appointed date 13/2/2024

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

Church Attendance

As of the recent renewal of the Church Electoral Roll, there are 62 parishioners listed, with 24 resident and 38 of them residing outside the parish boundaries. This marks a decrease from the previous total of 78. Our average Sunday attendance consists of 28 adults physically present in church at worship. Number comparisons over the last four years are not meaningful because we must remember that from 23rd March, 2020, the Coronavirus pandemic forced churches either to be closed or severe restrictions put in place and this remained so for the whole of 2021 and the COVID effects ran into the first half of 2022.

Review of the Year

We continue to be principally a sacramental church expressing its common life by gathering around the altar to celebrate The Eucharist. On weekdays, we have maintained an average of six communicants for the Tuesday morning Eucharist. Additionally, we have continued to sustain a full liturgical programme for Holy Week, Easter, and other significant festivals.

In 2023, our worship schedule consisted of one regular Sunday Eucharist and one mid-week Eucharist, along with additional services for festivals. The Rector also continues to say the Daily Offices in church. Our automatic tolling bell remains a constant reminder of our church’s liturgical and physical presence within the parish.

Throughout 2023 our parish website and Facebook page have continued to serve as valuable resources. we continue to offer a live stream service via Facebook whenever possible, and this has allowed us to reach not only our local congregation but also parishioners who have moved away.

A high point over the past 12 months was the Confirmation of five candidates from this Parish, at a service at St Mary’s Kenton. It’s always such a joy to prepare and welcome people who have made a considered decision to confirm their faith in Christ in this public way, where we as the congregation can be there to support them as they step out on this new part of their journey with God.

Beyond our regular services, we continue to support our community in marking life's important milestones. Through baptisms, marriages, and funerals, we offer opportunities to thank God for the gift of life, to seek His blessing on marriages, and to commend the departed to His keeping.

Events are arranged on a regular basis such as Souper Sundays where we gather for a simple shared lunch and church members are encouraged to be fully involved in the life of the wider parish community and beyond.

Our Rector, Fr Paul Reece, dedicates 0.6 of his working week to his role as Chaplain of the Royal National Orthopaedic Trust, located within our parish. This arrangement, with the NHS covering 0.6 of his stipend, continues to alleviate some of our financial challenges, though not entirely. This shift in the Rector’s responsibilities has required greater involvement from the congregation in the dayto-day management of parish affairs.

Our Church Hall provides opportunities to engage with the local community. St Lawrence’s was able again to serve the community by providing halls which can be rented by individuals and organisations from outside the church community. We maintain a positive relationship with the local Community Payback Group, who continue to use the Hall for their work in the area.

4

St Lawrence Church, Little Stanmore

Our Challenges

Financial Constraints

Our Strengths

Financial review

The Parish maintains a General account, and this serves as the ordinary finances of the Parish, and this generated a surplus of:

2023: £ 92,084 increase in funds

2022: £4,164 increase

2023 Benefited from a rise in donations thanks to the wonderful generosity of the congregation , our community and a very much appreciated legacy of £61,891. Also as external interest rates were higher the charity benefited from an increase in interest income.

Costs were higher, with higher utilities costs and a higher contribution to the Common Fund, which was still lower than in former times due to the continuing work of our Rector as Chaplain of the Royal Orthopaedic Hospital. Overall the Church made a surplus this year.

Tree management costs were lower, confined to trimming the yew trees in the churchyard.

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 2023 this was continued at a reduced level as the Rector has been working 0.6 of his time as Chaplain of the Royal National Orthopaedic Trust 2023 £ 32,578; 2022 was £28,000.

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 £1,321,528 (2022: £ 1,229,444)

5

St Lawrence Church, Little Stanmore

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.

Reserves Policy

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
Restricted

Fabric (Church Building)
General

 110,106
517,092
627,198
71,488
119,345
818,031

This means we are able to meet 42 month’s Diocesan Common Fund at the 2024 rate of £33,881 p.a. out of Reserves (2022: 17 months based on £32,578 p.a for the following year). 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.

Financial Risks

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 from 2021 onwards.

There has been a continued loss of income for most hall rentals. Efforts to find new rental income for the hall are being seriously hampered by the difficulty in finding suitable groups to rent the hall 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

Safeguarding and GDPR

The PCC has complied with section 5 of the Safeguarding and Clergy Discipline Measure 2016 in relation to children and vulnerable adults. Our Parish Safeguarding Officer throughout 2021 has been the Rector. Our policies are reviewed annually by the PCC and displayed on a noticeboard in the Church Hall. The main contact details are also displayed in the Church Entrance Hall and are accessible with one click from the welcome page on our website. We follow Diocesan guidelines in both areas.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the 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:

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 Charities (Accounts and Reports) Regulations 2008, 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

Signed Paul Reece_____ Date 27 / 10 / 2024 Fr Paul Reece, Trustee and Chair of the PCC

Signed Eric Ramsay__________ Date 27 / 10 / 2024 Eric Ramsay, Trustee and Churchwarden

7

Independent examiner’s report to the trustees of St Lawrence Church, Little Stanmore for the year ended 31 December 2023

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 2023.

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 John O’Brien ________ Date 28/10/2024 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 2023

Unrestricted
Restricted Endowment
Funds
Funds
Funds
Note
£
£
£
Income (and endowments) from:
Donations and legacies
2
121553
200
-
Charitable activities
3
-
-
-
Other trading activities
4
5386
-
-
Investments
5
22706
15895
-
Total
149645
16095
-
Expenditure on:
Common Fund / Parish costs
32904
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
125
-
-
Upkeep of churchyard
6792
-
-
Independent examination
1096
-
-
Utilities
11579
-
-
Repairs and maintenance
2141
-
-
Professional fees - new hall
-
-
-
Cleaning
-
-
-
Insurance
9924
-
-
Telephone, internet & postage
256
-
-
Printing,stationery & copying
3274
-
-
Refuse
1790
-
-
Security
749
-
-
Depreciation
309
166
-
Charitable giving
442
-
-
Sundry expenditure
332
-
-
Total
74713
166
-
Net income/(expenditure)
74932
15929
-
Other recognised gains/(losses):
Gains/(losses) on investment assets
9
-
-
1223
Net movement in funds
74932
15929
1223
Reconciliation of funds:
Total funds brought forward
643793
572651
13000
Total funds carried forward
12
718725
588580
14223		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Note
£
£
£
Income (and endowments) from:
Donations and legacies
2
121553
200
-
Charitable activities
3
-
-
-
Other trading activities
4
5386
-
-
Investments
5
22706
15895
-
Total
149645
16095
-
Expenditure on:
Common Fund / Parish costs
32904
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
125
-
-
Upkeep of churchyard
6792
-
-
Independent examination
1096
-
-
Utilities
11579
-
-
Repairs and maintenance
2141
-
-
Professional fees - new hall
-
-
-
Cleaning
-
-
-
Insurance
9924
-
-
Telephone, internet & postage
256
-
-
Printing,stationery & copying
3274
-
-
Refuse
1790
-
-
Security
749
-
-
Depreciation
309
166
-
Charitable giving
442
-
-
Sundry expenditure
332
-
-
Total
74713
166
-
Net income/(expenditure)
74932
15929
-
Other recognised gains/(losses):
Gains/(losses) on investment assets
9
-
-
1223
Net movement in funds
74932
15929
1223
Reconciliation of funds:
Total funds brought forward
643793
572651
13000
Total funds carried forward
12
718725
588580
14223		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Note
£
£
£
Income (and endowments) from:
Donations and legacies
2
121553
200
-
Charitable activities
3
-
-
-
Other trading activities
4
5386
-
-
Investments
5
22706
15895
-
Total
149645
16095
-
Expenditure on:
Common Fund / Parish costs
32904
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
125
-
-
Upkeep of churchyard
6792
-
-
Independent examination
1096
-
-
Utilities
11579
-
-
Repairs and maintenance
2141
-
-
Professional fees - new hall
-
-
-
Cleaning
-
-
-
Insurance
9924
-
-
Telephone, internet & postage
256
-
-
Printing,stationery & copying
3274
-
-
Refuse
1790
-
-
Security
749
-
-
Depreciation
309
166
-
Charitable giving
442
-
-
Sundry expenditure
332
-
-
Total
74713
166
-
Net income/(expenditure)
74932
15929
-
Other recognised gains/(losses):
Gains/(losses) on investment assets
9
-
-
1223
Net movement in funds
74932
15929
1223
Reconciliation of funds:
Total funds brought forward
643793
572651
13000
Total funds carried forward
12
718725
588580
14223		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Note
£
£
£
Income (and endowments) from:
Donations and legacies
2
121553
200
-
Charitable activities
3
-
-
-
Other trading activities
4
5386
-
-
Investments
5
22706
15895
-
Total
149645
16095
-
Expenditure on:
Common Fund / Parish costs
32904
-
-
Clergy, rectory, funeral and wedding expenses
3000
-
-
Upkeep of services
125
-
-
Upkeep of churchyard
6792
-
-
Independent examination
1096
-
-
Utilities
11579
-
-
Repairs and maintenance
2141
-
-
Professional fees - new hall
-
-
-
Cleaning
-
-
-
Insurance
9924
-
-
Telephone, internet & postage
256
-
-
Printing,stationery & copying
3274
-
-
Refuse
1790
-
-
Security
749
-
-
Depreciation
309
166
-
Charitable giving
442
-
-
Sundry expenditure
332
-
-
Total
74713
166
-
Net income/(expenditure)
74932
15929
-
Other recognised gains/(losses):
Gains/(losses) on investment assets
9
-
-
1223
Net movement in funds
74932
15929
1223
Reconciliation of funds:
Total funds brought forward
643793
572651
13000
Total funds carried forward
12
718725
588580
14223		 Total
2023
£
121753
-
5386
38601		 Total
2022
£
42405
796
8234
26380
149645 16095 - 165740 77815
32904
3000
125
6792
1096
11579
2141
-
-
9924
256
3274
1790
749
309
442
332
74713
74932
-
74932
643793
718725		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
166
-
-
166
15929
-
15929
572651
588580		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1223
1223
13000
14223		 32904
3000
125
6792
1096
11579
2141
-
-
9924
256
3274
1790
749
475
442
332
74879
90861
1223
92084
1229444
1321528		 28280
3000
285
11485
996
9323
2086
-
-
8949
204
3392
1957
747
528
593
91
71916
5899
(1735)
4164
1225280
1229444

All the activities of the charity are classed as continuing The notes on pages 11 to 17 form part of these financial statements

9

St Lawrence Church, Little Stanmore Balance sheet at 31 December 2023

Note
£
Fixed assets:
Tangible assets
6
4274
Investments
7
485000
Total fixed assets
Current assets:
Debtors
8
24228
Investments
9
14223
Cash at bank and in hand
795380
Total current assets
833831
Liabilities:
Creditors:
Amounts falling due within one year
10
(1577)
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		 2023
£
489274
832254
1321528
1321528
14223
588580
580000
138725
718725
1321528		 2022
£
4749
485000
489749
17813
13000
712078
742891
(3196)
739695
1229444
1229444
13000
572651
505068
138725
643793
1229444

The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees:

Signed Paul Reece ____ Dated 27 / 10 / 2024 Fr Paul Reece, Trustee

10

St Lawrence Church, Little Stanmore Notes to the accounts for the year ended 31 December 2023

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 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 Section256 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

Unrestricted
funds
£
Grants & donations
59662
Legacies
61891
121553		 Restricted
funds
£
200
-
200		 Total
funds
2022
£
£
59862
42405
61891
0
121753
42405

3. Income from charitable activities

Unrestricted
funds
£
Primary purpose trading
-
-
ncome from other trading activities
Unrestricted
funds
£
Room hire
4421
Churchyard
-
Fundraising events
965
5386		 Unrestricted
funds
£
Primary purpose trading
-
-
ncome from other trading activities
Unrestricted
funds
£
Room hire
4421
Churchyard
-
Fundraising events
965
5386		 Total
funds
£
-
-
Total
funds
£
4421
-
965
5386		 2022
£
796
796
2022
£
3054
4500
680
8234

4. Income from other trading activities

12

St Lawrence Church, Little Stanmore

5. Investment income

nvestment income nvestment income
Unrestricted Restricted Total
funds funds funds 2022
£ £ £ £
Interest 6955 15895 22850 8846
Rental income (inv properties) 15751 - 15751 17534
22706 15895 38601 26380

6. Tangible assets (analysis of opening & closing carrying amounts)

Fixtures &
fittings

Cost or valuation
£
At beginning of the year
5215
Additions
-
Disposals
-
Valuations
-
5215
Depreciation and impairments
At beginning of the year
3551
Disposals
-
Depreciation
166
3717
Net book value
At beginning of the year
1664
At end of the year
1498
7. Fixed asset investments
Movement on investment (property)
Market value brought forward
Additions at cost
Disposals at carrying value
Unrealised gain/(loss)
Market value carried forward		 General
equipment
Total
£
£
30062
35277
-
-
-
-
-
-
30062
35277
26977
30528
-
-
309
475
27286
31003
3085
4749
2776
4274
2023
2022
£
£
485000
485000
-
-
-
-
-
-
485000
485000

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

Trade debtors
Prepayments & accrued income
Other debtors
9. Current asset investments
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		 2023
£
-
-
24228
24228
2023
£
14223
14223
2023
£
13000
-
-
1223		 2022
£
-
-
17813
17813
2022
£
13000
13000
2022

£

14735

-

-

(1735)

13000

2022
£

9484

3516

13000		 2022
£
-
-
17813
17813
2022
£
13000
13000
2022

£

14735

-

-

(1735)

13000

2022
£

9484

3516

13000
14223
2023
£
10376
3847
14223 13000

10. Creditors - amounts falling due within one year

Trade creditors
Other creditors		 2023
2022
£
£
1222
2841
355
355
1577
3196

14

St Lawrence Church, Little Stanmore

11. Movements in funds

Unrestricted funds
General Fund
New Hall provision
Revaluation reserve
Restricted funds
Fabric fund
Restricted for new hall
Endowment funds
Begg Bequest
Knott Bequest		 Balances
brought
forward
£
398489
106579
138725
643793
71454
501197
572651
3516
9484
13000		 Income Expenditure
£
£
146118
(74713)
3527
-
-
-
149645
(74713)
200
(166)
15895
-
16095
(166)
-
-
-
-
-
-		 Unrealised
gain/loss
£
-
-
-
-
-
-
-
331
892
1223		 Balances
carried
forward
£
469894
110106
138725
718725
71488
517092
588580
3847
10376
14223

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.

The two Endowment Funds; Begg and Knott bequest are held and are used for the purposes specified in their endowment which include maintenance of a grave and the church.

12. Analysis of net assets by fund

Unrestricted
Funds at 31/12/2023
funds
£
Tangible assets
4274
Investments
485000
Debtors
24228
Cash at bank and in hand
206800
Creditors: Amounts falling due within one year
(1577)
718725
Analysis of net assets by fund - prior year figures
Unrestricted
Funds at 31/12/2022
funds
£
Tangible assets
4749
Investments
485000
Debtors
17813
Cash at bank and in hand
139427
Creditors: Amounts falling due within one year
(3196)
643793		 Restricted Endowment
funds
funds
£
£
-
-
-
14223
-
-
588580
-
-
-
588580
14223
Restricted Endowment
funds
funds
£
£
-
-
-
13000
-
-
572651
-
-
-
572651
13000		 Total
funds
£
4274
499223
24228
795380
(1577)
1321528
Total
funds
£
4749
498000
17813
712078
(3196)
1229444

15

St Lawrence Church, Little Stanmore

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 (2022: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 2023
£
913
913		 2022
£
830
830

17. Annual commitments under operating leases

At 31 December 2023 the charity had non-cancellable commitments to the end of the operating leases, expiring as follows:

Operating leases which expire:
within 1-2 years
Within 2 - 5 years		 2023
2022
£
£
1246
0
-
2742
1246
2742

16

St Lawrence Church, Little Stanmore

18. Comparative information

For comparison purpose, the Statement of financial activities for the year-ended 31/12/2022 is presented as below:

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
Professional fees - new hall
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
£
42405
796
8234
19942
71377
28280
3000
285
11485
996
9323
2086
-
-
8949
204
3392
1957
747
343
593
91
71731
(354)
-
(354)
644147
643793		 Restricted
Funds
£
-
-
-
6438
6438
-
-
-
-
-
-
-
-
-
-
-
-
-
-
185
-
-
185
6253
-
6253
566398
572651		 Endowment
Total
Funds
2022
£
£
-
42405
-
796
-
8234
-
26380
-
77815
-
28280
-
3000
-
285
-
11485
-
996
-
9323
-
2086
-
-
-
-
-
8949
-
204
-
3392
-
1957
-
747
-
528
-
593
-
91
-
71916
-
5899
(1735)
(1735)
(1735)
4164
14735
1225280
13000
1229444

17