Charity numbor. 1132703
THE PARISH OF LUDLOW SAINT LAURENCE
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
WR
Partners
Protecting your future.

. ThE,PARISH OF'LUDLOWSAiPniAURENCE
Page
Reference and admlnlstrative detalls of the Charity, its Tru5teos and advlsern
Trustees, rewt
Independent èxamlnorfs repcyt
Statementof financlal actlvltles
2-10
13
Balance sheet
14
Notes to the financlal 8tatem¢nts
15-29

". THE PARISH.OF LUDLOWSAiTrifiAURENCE
REFERENCE AND ADIAINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2025
Tntstegs
Revd Kefvin Price (resigned 20 April 20251
Dr Ewart Carson
Mrcaroline Culley
Mr Michael Davies
Mrs Jean Ferguson-Davie
Mr Richard Franks
Mrs Elrzabeth GaTdner
Mr Eric Griffiths
Mrs Lesley Hading
Mr lan Marshall (apFointed 11 May 2025)
Mr Stuart mcLa￿n
Mr Martin Salmon lappoinled 1 October2025)
Mr Mark Tumer (appointed 11 March 2025)
Mrs Hilary Watters
Mr Richard Wlkwls
Charlty reglstered
numbor
1132703
PrI1￿1paI office
No.2
College Street
Ludlow
Shropshire
SY8 IAN
Ac¢ountants
R Parlners
Belmont House
Shrewsbury Business Park
Shr&vsbury
Shropshi
SY2 6LG
Page 1

THE PARISH OF LUDLOW SAINT LAURENCE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustses present their annual report b3ether with the finanaal statements of the Chartty for the year 1
January 202510 31 December 2025.
Obiectlves and acllvltles
. PolKles and objectlves
St Laurence church is the parish churth of Ludk)w. The ststegic missKin goals of St Lauren￿ are..
Goal 1 Enabling the people of God to discover and exercise th&ir ministy by nurturin9 their spiritual and pastoral
gifts, encouraging growth in faith among all.
Goal 2 Cdebrating the richness and diversty of (yjr warship and by @r￿Uraging and developing our
choral and Iturgical traditson.
Goal 3 Slandiw wth St Laurence and working with other faith communities by engaging wfth the local
conmunity and the widerwodd to address iswjes of social con￿rn.
Goal 4 Creating a sustainable building with a low net Car￿￿ fo)tprint and an infrastswcture for the ministy of the
Church, offering a warm welcotrE to all who come. of all faiths and of none.
In See￿n9 lo ach*ve these goals we encourage all within the txsmmunity, regard￿sS of age, gender, ethnicity,
disability Ix sexual orientation. to play their full paT( thereby celebratin9 the diverse gfis of all the members of
the body ol ChrisL
The PCC ￿k￿)wledge$ with gratrtude the grants and other donatsons made by the following organisations to Sl
LaurenGe's during the year:
The c(￿Servation Trust fgr St Lauren￿ Ludlow
Jane HwJginson Charity
The PCC acknowledges with great thanks the dona￿nS of the many people have financially sUPPOrted St
Laurence's and the wider SCO￿ of St Laurence's misston work in the communrty. As ever none of vthat we do
would be possible wilhout those individuals who have contributed their time artrd skills to St Laurence's in so
many and different v￿ys.
Page 2

',F. . THE PARISH OF LUDLOW SAIKf LAURENCE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
ObJ8ctlve$ and a¢tivities (continued)
PCC ObJeetlv¢$ for 2025
For 2(Y25 and beyond. the PCC'S main obieclives for St Laurence's Church. as defined in the Church
Development Plan, are as folb)ws:
al E5t3bli5hing and training a lay ministry team to take responsibilty for follow up visits in relation to occasion
offa￿S Ibaplisms, funerals and weddings).. visfts to the sid( and the vulnerable (including those in hospitals and
care homes), the searching and the iscAated.' and supwrling those who provide chaplaincy services to visitors.
b} Enhancing the experience of both staff and volunteers as memters of the St Laurence's community through
improved support, engagernent and Commun￿allOn, as well as opportunitFes for Dn-going training and
professK)nal development
cl 8uilding on our growing reputation for excdlence in publK W￿ship, to be enhanced by the continued re-
ordering of the building as part of the continuing works to maintsin the Eco Church silver award and prepare for
progressing to the Gold Award in future years.
dl Worknng towards the goals identtfied in the Fit lor PurpJse prcgT8mme in¢fudirKJ its net zero target by
identifying alternative practical vrays to heat and Irghl the building more effe¢tively to bolster our green
credentials, whilst ensuring the histr)ric fabit is conserved and secured for fijbjre generats'ons by completing the
baC￿0g of outstanding repairs, conseNation and an on%oing commttment to scheduled maintenance.
el Working wtth Shropshire Wldlife Trust Friends of Mortimer Forest and others to link our own °God's A¢re'
with local green initiatives in the town and at St Leonard's churchyard.
f) Developing Stephen House fvrther as the key contact point which enables St Laurence's to participate actively
with its partners in Churches Together Around Ludlow ICTAL) in a￿d￿$s[ng the needs id8ntified by the Ludlow
under Pr8ssure reporL
gl Working with partners and Fotenlial partners (Ir￿lUdIng Ludlow Town Council, Ludlow Assembly Rooms,
Ludlow Museum, the Ludlow Art Socaety. the LLMllow Piano Festival and the annual Fringe Festival, Hands
Together Ludlow, schools and colleges, Chartjer of Trade and commer￿> to hetp create jobs and opportunrties
for volunteering in Ihe tourismlheritage sector.
h) Facilitating increased engagement, teaching and celebratK)n of the Christian faith, in lerms of the re-ordering
of th& ￿lIdIng through improvements to the lrturgical ordering and in our wtder life by continuing lo ¢Jevelop
opportunities for adult explordtion of fraith, including the provision of a range of quiet days, retreats and
accompanied prayer.
i} Providing facilities that Greate additional support for both Mu￿Cal education ané the enjoyment of music, and
resou￿$ that will enable lay people lo be train￿ to r8ach out to young and okl lin tc#Jdler groups, schools. ￿re
hornes and other settings).
jl St Laurence's is the largest (x)vered communty Tneeting space in Ludk￿, and is in the very heart of the town.
The opportunities this offers generdte increased incorrE to support financial sustainability. Through internal and
externa events, including arts and music. The Space is available to a wide range of people and organisalions in
Ludlow and beyorKI, whether as performers or audien￿.
kl Enhancing Ihe experience of encountering the heritage of St Laurence's Church for our community and
visit￿S lacross the spectrum from West Midland s¢hookhildren to intemational visrtors} by introducing
interpretaticm that meets their needs, developing an appropriate volunteering programme and broadening the
marketing and publicity ofthis eX￿Pt￿)nd listed bU1￿1ng.
Page 3

THE PARISH.OF LUDLOW SAiiif LAURENCE
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
ObJ"ectlve$ and activitigs {conllnued)
l) Enhanong the wide and diverse range of educab.onal OPFrtNiunities for students of all ages, wor￿ng in
P8rtnership wlh all the local educatlDnal organi5attons, in particular providing opportunities to ensure that all who
visit are able lo app￿late the church building as a sacred space wrth a unique character.
PCC INorking Policigs
In setting objectnies and planning for actiwties. the Trustses have given due consijeration to the general
guidance published by the Charty Commission ￿lab"ng to publ￿ benefit
The Tnjstees have assessed the major risks to which the charity is exposed, In partI￿lar those related to the
operations and finan￿$ of the tharity. The Trustees are satIsf￿d that systems and procedures are in place lo
mwage our expo$ure to the major risks.
Aftsr nBking appropriate enquiries, the trustees have a reasonable expeciation th* the charity has adequate
resour￿$ lo conts'nue in operational existence for the foreseeable future. For this reason, they continue to adopt
the'going concern, basis in preparing the financial State￿Ents.
There is no change to the Reserves policy. We are activety tying trj iMJikJ up reserves Fn line with th8 Charity
Commission's guidelines year on year.
Achievernents and performan¢e
a. Surnmary
The Rector. The Revd Prebendary Ke￿lIn Price, announ￿ in November 2024 that he would be kaving Ludlow
at Eastsr 2025. An interregnum in the Benefice st8rted from April 2025 and remains at the end of Ihe year. There
is a firrn comrnitment from the PCC to maintain what is done currenty - in terms of services, music, events and
visitor ￿CesS through 2025.
There are 164 people on the Church Electoral Roll for St Lauren￿'s. The average Sunday aitendan¢e is 124
adults. The adult number indudes visitors to services.
The church is open 364 days a year as an indusNe safe & de￿gnated LudlrAV °wam space.. We thank our
volunteer stewarding team who enable us to welcome 98,800 pilgri￿ts and Visito￿ lup 9%) ir¢ 2025.
Financially the church had a good year meeting tts many and vailed commttments on time and in full.
Restricted lunds now stand at £233.043 12024.. £113.999) St Laurence's Church recorded an increase in total
funds of £73.68012024: def￿1t of - £156.178) with a profft in the restrKted Funds. up by £119,044 compared io
2024.
Visitor income and a successfvl applKation for grants has enabled the PCC to maintain its £25,000 pledge to
church maintena￿. signifi.cant works included addressing the QI wall defrassing. repla￿ment of damaged
stone and parapet works all around the external church walls. spent £29,892 in total on maintenance and
repairs lo the labric.
Congregational giving to Christs'an Aid. the Traifv&Priest Fund and intsmalional emergency collects'ons in the
church raised £2,226.
Page 4

THE PARISH OF LUDLOWSAINT LAURENCE
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 310ECEMBER 2025
A¢hle¥ernents and performance {conllnuod)
The Rectorfs Discretionary Fund reseNe for use in 2026 and beyond stands at£ 4,552.
Stephen House Summary
Stephen House has completed its first full year of activlties. It is fvlty fvnded to cover 2026-2029 at no cost to the
PCC. Our Mission WDrk has never been better resourced and fijnded for a time of pressure on so many in the
Ludlow comrnunity.
All the income and costs related to Stephen House are being manajed separatety to the church bank accounts.
The Stephen House funds totsled £155,240 al 31st December 2025.
b. ReV￿W of the Year- Achlevements and pèrformance
1. Mission & Worship
The Reverend Prebendary Kefvin Pri￿ comp￿ted temi as Rector and Priest4n-charge (of the Benefice of
Ludlow St Lauren￿ 2nd St John}. We are very grateful for the active help of our actwe retired clergy and vistting
clergy frorn the Diocese who have ensured we have completed all the planned services in the interregnum. We
thank them all for thLyr continued support in reaching those in the community in g￿atest need during the year.
The relationship with CTAL and other local charitres and reg￿)nal sup￿rtserv￿e9 1$ very strong,
The church opened every day to offer Itse￿ as an it)cluswe Spa￿ for all. The full range of weekly services look
Pla￿ through 2025. Private prayer ac￿SS to all was available seven days a week. Live streaming of our key
weekly ELKharist service enabled us *0 r&￿h into the community with over 1000 viewings for a rdnge of
broadcasts.
The average Sunday attendance is 124 adults. The adult number includes visitors lo services. We have held
three services each Sunday. comprising a BCP Holy Communion Serv￿ and a Eucharist every week with a
monthly Choral Matins, Choral Evensong and a Celtic Prayer Se￿1￿. These ￿gUlartY attract 1540 people.
Forlhe major festh'vals (Easter, Christmas. Advent). S￿la1 ServI￿S (Cl￿ seNices. Remembrance and schwls
services) the numbers of those in the church call swell to bets￿en 3CO and 650 depending on the service.
Page S

,THE PARISH OF LUDLOW PgAINT LAURENCE
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Achievements and performance{contlnu8d)
Ipcc
During 2025 the PCC held eight regular meetings and tsvo special meetings. The average attendance was 10.7
(average percentage attendance 86.6%). Matters considered by the PCC induded strategy, ffinan￿ and
personnel together day-to-day chutrh administrats'on. The PCC members were kept informed of events,
proposals and matters discu5s&# by the various commtttees through their reports.
3. Stratègy arnl Wtsi¢
In October 2008, a public r(*eting was he￿ to laLJnch the Vision for the Parish of Ludlow St Laurence. This
pmjecl was expected to last 30 years. This includes ¢ombining tts role as a Pla￿ of worship with other uses
apwopriate to a church of its stte and type. This has allowed the PCC lo reconsNler the layout of the church and
identify a range of major Works needed in the church to Position it as the inclusive heart of the Community. This
remains the long-term goal for the church.
Since 2011 this work has included several phases of intemal reordering, replacing the lighting, removing the
pews and lowering the floor of the main Nave area. This has aL80 improved access for all. The impressive new
space created has led tr) further works in relocating the shop. extending the intemal healing and adding an
enhanced sound system. The Icon coffee shop opened in the NW Comer in September 2022 after a peri(Kl of
reordering in that area. Further works on signif￿ant repai￿ to the PaNi$ Tower, the church roof to prevent water
ingress and a range of works on extemal walls of the church lo address many of the fabric rtems listed on the
2021 quinquennial report. These have taken ￿8¢e wrth sunificant financial support from the Conservation Trust
for St Laurence Ludlow.
To address Stage 4 lof 5) of the Vision an NLHF projecl appli¢￿tron WTII require new condition reports for the
Identified heritage under threat. New in 2025 was a review for the n*ional church initiative lo ensure St
Laurents's is and will be"Fit for Purpose. in ftrture year5. This will also require fijrther work by extemal experts
to idenlfy a suitable and cost effective plan wh￿h Ixjuld be one par of NLHF applK*ion.
4 Fabrlc
There has been 1 insurance claim forvandalism ofthe Lady cha￿ windows in 2025.
Supported by general reserve funds and restricted grants for major works we spent £29,892 in total on
Maintenan￿ and repairs to the fabnc. The main visual elements in the comprehensive church maintenance
Schedu￿ have been the external wall repairs around the church. We a￿ most graleftjl for the support of the
ConseNation Trust fi)r St Laurence for their financial support towards key wo￿.
This work is scheduled for Com￿￿tion in 2026 when an architect will Ihen complete a new Quinquennlal
Inspection.
It is a pleasure to note more has been done in the past 4 years than in the prevh)us 2 decades in ￿dUcIng the QI
list. Some £750k of the total £1.2m identffj￿d in the 2021 QI report are for major items in a future NLHF bid.
CTSLL la separ8te charity) has as its oty'ecl the PTOViSton of supp)rt for the maintenance of the fabric of the
churtth. The PCC is extremely gratefijl for the continued support of the Trust, and for its cordial worknng
relattonship with the PCC.
5 Iftsito
There were over 98,800 visitors and pilgri￿ in 2025. This is our highesl number ané is up 9% compared with
our best year prior to the Covid pandemic. St Lauren￿'S has remained one of the top ten f￿e to visif
att￿tionS u) the West MKllands as listsd by Visrt England.
Page 6

THE PARISH OF LUDLOW SAIKf LAURENCE
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEPIBER 2025
Achlevempnts and performance {contlnued
st Laurence's needs a large st￿ard workforce of 50 people to w*ome visitors in such numbers. We are very
grateful to th& skilled volunteers who help us stay open every day. These are supported by a further 62
individuals. rnany of them fulfilling multiple roles at St LaUren￿'S to ¢onduct the services and enable the sile lo
be'open and safe visitors.
External income is critical to the opening of the church 364 days a year as an indusive safe and de￿gnated
Ludlow'knarm space". The Shop and Icon tt*ffee shop are both run by an exlemal company as "not fr)r profft.
ventures to support the church finances.
Financial revlew
a. Going concern
After rroFvng appropriate enquiries, the Trustees have a reasonable expectatKJn that the Charty has adequat
resourTrs to CDntinue in operalK)nal existence for the foreseeable future. For this reason. they continue lo adopt
Ihe going concern basis in prepariny the financial s1ateff￿nts.
b. Reserves policy
There is no change to the Policy. ￿ are activety tying to build up reseryes in line with the Charity C￿nmissIon,S
guidelines and these are part of the Vision project objectives.
c. Fknanctal results
Free reserves were £32.961 (2024: £37.7251, calculated as the unrestricted fvnds, ￿5S the designated ftjnds
and Ihe tangible fixed assets. The Charity CommissK)n's target (three nv)nths' worth of expenditure) is £80,000.
The Trustees are awa￿ that the free reserves are below the target figure. and are working to improve this
posrtion.
Restricted funds al year end stand at £183.664 {2024'. £113,999). St Laurence's Church recorded an increase in
tota funds of £73,680 at 31st December 2025 {2024: _ £158,485) wrfh an increase in the Unrestricted Funds
of
£4,015 cornpared lo 2024.
Donations frorn visitors totaled £37,70012024: £38.6061. 4.043 visitors paid £21,408 to 'conquer the lower,. the
shop contrtsuted a furthef £16,731 12024.. £17.820) and the Icon coffee shop sold over 41,000 drinks and added
£ 32,974 (2024,. £27.3161 lo church funds.
Visitor income and a successful applrab.on for grants has enabw the PCC lo ￿￿intain its £25,000 pledge to
church rna1ntenan￿. We spent £30,501 in total while engaging with and providing direct help to the local
communty.
Suworted by gener81 reserve fijnds and restrictsd grants £60.102 was spent on the extemal QI works in
defrassing and repair work on the churrth walls. In eaty 2026 new mesh grills will ￿ fitted on the Lady Chapgl
and the North transept, afterthe varmlalized glass has repaired.
Page 7

THE PARISH OF LUDLOW SAINT LAURENCE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Stephen House
Stsphen House opened fulty in November 2024 as a day refvge supporbng those in greatest n8ed in and around
Ludlow by providing practical assistance and advice. Our pastoral worker has been working with the most
vulnerable in the community and has helped tn.age their im￿dIate n￿d$ with other charities in Ludlow. The
current SH funds stijod at £ 155,240 at the year end and we have o)mmitments to rtceive new sums in the next
18 months from private donors. Stephen House has at the end of 2025 four more years of fijnding to lead our
Mtssion work.
All th8 income and costs related to the Stephen House proi&t aro being managed separately to the church bank
accounts. The Fwject and its ongoing development wrll have no financial impxt on the church I PCC
commithenls.
d. PCC Flnan¢ial management
The Stsnding Comnvitee m*ts to deal with any uffJent matters necessary for the smooth running of the church
and the parish. The PCC reviews Ihe budget perfomiance from the Managen￿nt accounts and a cash fiow
forecast at each ol its meetings. decides on any changes to financial FM)licy and approves Ixjth the annual budget
and the rep)rt for these accounts.
Structure, governan¢¢ and managem&nt
. Constitution
Sl Laurence's Church 1$ the Parish Church of Ludlow, situated in the heart of the town. It lies within the diocese
of Hereford, wtthin the Church of England. The Corresponden￿ address of St Laurence's is 2 College Street.
Ludk)w, Shropshire, SY8 1AN.
The Parish of Ludlow Saint LauM¢e is a charity registered with the Charity Commission, No. 1132703. PCC
Members are the Trustees of the PCC charity. The charty is governed by the Parochial Church Councils
(Powers) Measure 1956 as amended. arKI the Church Representation Rules.
b. Metlvxls ofappolntment or el•¢Uon of Tn
The method of appointment of the PCC is set Olrt in the Church Rewesentation Rules. All chU￿h attendees a
encouraged to register on the E￿or81 Roll and stand for e￿iOn to the PCC.
The PCC has the resFX)nsibility to consutt wtth the incumbent on matter5 of general concern and importance in
the parish, most specificalty the whole rn￿10n of the Church, pasloral, evangelist￿. social and e¢umenical.
The Trustees IPCC Mer￿ers) have had due regard to the guKlan¢e published by the Charty Commission on
public benefit when exercising any powers or duts.es to which the guidance is rebvant, and have tEkX)rted on this
below as required by the Charities {Accounts and Reports) RegulatKin$ 2CK)8
c. Financial risk markigement
The Trustees have assessed the major r￿kS to wh￿h the Charity is expos&4, in partic#Jlar those related to the
operations and finan￿$ of the Charity, and are satiSf￿d that systems and procedures are in placE to mitigate
exposure to the major risks.
Page 8

THE PARISH OF LUDLOWSAINT LAURENCE.
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
structure. governance and management l¢ontinued)
d. Plans for future perlods
The appointment of 8 new Re¢tor is the first priority. An Associate Minister I Schod Chaplain role has been
develokEd, provision811y ag￿e(l with the Diocese and an appoinbmenl is waiting on the new Rector being in
place.
The interregnum me8ns that in 2026 any new works Treeding a faculty may have to be put into abeyance.
H￿eVer the planned Maintenan￿ and QI WOTks wll continue and initiatives can be taken lo look at compiling
rep)rts and identying the costs of larger programme5 vthich might start in 2027 and 2028.
As a Grade 1 listed Major Church with its extensNe service provision St Laurence's incurs many additional costs,
not shared by the °ordinary parish chu￿, and wrthout the benefit of the fixed addilional income and no
investment income lo meet those ￿Sts. As it stands there is a k)w level of unrestricted financial ￿serveS
1£32,961). The lack of local major benefactors to the church and no vJentified legacy commitments continue lo
be a concern for the PCC. Meanwhile it looks to underpin fttnding for fvrlher ai works in 202612027 (£350kl. The
Fit for Purpose requirements need to be confim*d. A technical wort and xtion plan will have to be funded
1£4kl in 2026. Works will possib￿ begin in 2027120281£650kl. In additsn to this we to protect our unique
sta'ned glass and internatKsnally renowned nEdieval heritage wh￿h continl￿s to be under threat. We will
potentially cover the Fit for Purpose costs with an NLHF bid {£2.4 milli)nl in 2027. Again lo submit an NLHF
applicab.on a professional report will be needed (cost £30k) as well as evidenc£ of finding as much as 40
per￿nt of any grant being sought.
The driver for Change in the next 4 years for the thurch wll be led by the "Fit for Purpose. net zero target.
Potential Govemment Changes to the Listed Places of Worship scherrE in 202&26 may have a significant
impact on all our ￿an$. In an ever more competib.ve fvnding market an additional 20% of support hjnding to any
external grant application will be a &gnificant challenge going forward.
Summary
St Laurenc8's and Stsphen House aEe managed a5 separdte entIt￿S for their OFErations. Stephen House
currently place5 no burden finarrialty on the PCC. Stephen House is fulty funded to 2029.
Swift action and c2reful husbandry of resources have enab￿ St Laurence's to manage the tTHny issues and
challenges thrown up in 2025. We have proved to be highty resilient and taken the opportunity of greater visilor
nurnber5 to increase external income streams whilst fr￿naging expenditure carefully. Cash flow in 2026 will
cont.nue to be closely monitored with increased energy costs feeding through in the coming year, though this has
been offset by negotiating irnproved electricity and gas contracts. Financial controls will continue to be kept tight.
We continue to actively seek new ways to access extemal grants and fvndirtg from other charities and
organisations to complete the research required to help fvture prcof and ensure the church becomes even more
'fit for purp)se'.
The key budget oty'ective for the church will remain self-sustainability in 2025 and 2026, using the succe5sftIl
busriess model and zero budget practi￿ of r￿n1 ts"mes. and to build on that success as a springboard to
enable the major change programmes required from 2027.
Page 9

THE PARISH OF LUDLOW SAIKf LAURENCE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER2025
staternent of Tru5te8s' responsibilities
The Trustees are responsible ft)r preparing the Trustees, ￿port and the financial statements in aCcorda￿e with
applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted A¢¢ounting
Pr￿tI￿).
The law applicable lo charities in Englar￿ & Wales requi￿$ the Trustoes to prepare financial statements for
each financial year which give a true and fair vw of the state of affairs of the Charity arKJ of ils incoming
resources and application of resources, including its in¢otrE and expenditure, for that period. In preparing these
financial statements. the Trustees are required to-
select suitable a¢￿Unting policies and then appty them ￿￿￿$t8￿￿'.
observe the methojs and principles of the Chariti8s SORP (FRS 102)"
make judgments and accounbng estimates that are reasortrable and prudent,.
stats whether applicable UK Accounting Standards IFRS 102) have been followed, Subject to any material
departures disclosed and explained in the financial siatements,.
prepare the financial statements on the going COEKem basis unless it is inappropriale 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 * any time the financial position of the Charity
and enabk them to ensure that the financial Statet￿nts comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Paro¢hial Church Council Powers Measure
{1956} as amended, and Church ReP￿Se￿￿tIon Rules as atrEnded by Scheme dated 25￿ July 2016. They are
also responsibie for safeguarding the ￿et5 of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregulariti&s.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mrs Lesley Harflny
(Trustee)
Date: 21: <rf. 2b
iilr Ric￿rd Frdnks
rusteel
Page 10

THE PARISH OF LUDLOW SAIPU LAURENCE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER2025
Independent examingrfs rgport to the Trustees of The Parfsh of Ludlow Salnt Laur￿¢& {Iho
Charlty.
I report to the chaiity Trustees on my examinakn of the ￿OUnts of the Charity for the year ended 31
Decen*)er2025.
Responsibilities and basis of report
As the Trusteès of the Charity you are rest*)nsible for the preparation of the accounts in accordan￿ with the
re¢wirements of the Charrfcies Act 20111.the 2011 Acr).
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 examinat￿n I have folk)wed the applicable DIrec￿n8 gNen by the Charity Commission under
section 145{5llbl of the 2011 Act.
Page 11

.THE PARISH OF LUDLOW SAIKfLAURENCE
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Independgnt gxamlnets statement
sin￿ the Charity's gro&% income exceeded £250.000 y￿r examner must bg a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the ex8nunation because l am a member
of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Chaiity has prepared the accounts in accordance with Attounling and
Reporting by Charities.. Statement of Recommended Practice applicable to chartties preparing their accounts in
accordan￿ wlch the Finan￿al Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102) in
preference to the Accounting and Reporting by Charities". Statement of Recommended PraGlice issued on 1 April
2005 which is referr&J to in the extant regulatKJns but has been wthdrawn.
l understand that this has been done in order for the accounts to provide a tfue and fair view in accordance wlth
the Generally AC￿pted Accounb'ng Practice effective for reporting ￿[jod$ beginning on or after 1 January 2015.
I have completed my examtnatron. I confirn that no matters have come to my attention in ¢onnection with the
examination gwing me c2use to believe that in any material respect
accounb'ng records were not kept in respect of the Charity as required by ser*on 130 ofthe 2011 Act., or
the accounts do notaccord with those records" c
the accounts do not comply wth the applicable reqU1￿ments conceming the form and content of
acc(xJnts set in the Charilies (Accounts and Reports) Regulat￿n5 2008 other than any requirement
that the accounts gwe a YNe and fail view wh￿h not a matter considered as part of an independent
exarninatK)n.
I hav& no concems and have Come across no other mtters in connection with the examination to which
attention shoukl be drawn in this report in order to enable a proper ujxlerstanding of the accx)unts to be reached.
This report is made sokty to the Charity's Trustees, as a t￿, in accordance with Part 4 of the Charities
{Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to th@ Charity's
Trustees those matters l am required to state to them in an Independent examinets report and for no other
puiw)se. TD the fullest extent pennitted 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 ￿pOrL
Signed.
T Lunt
BA FCCA MIRPM
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
SY26LG
Page 12

THE'PARISH OF LUDLOW SAIKf LAURENCE
STATEME1￿ OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 DECEMBER 2025
Total
funds
2025
Total
funds
2024
funds
2025
funds
2025
Income from:
Donations, legacies and grants
Ch4r(t*Jle activities
Other trading actwib'es
Investrrenis
Other income
159￿57
621
106,769
17,227
131017
8,592
1,1SI
266,326
17,848
134,463
8,592
1A85
168,879
13. 7T7
123,219
3.913
38,119
Total income
163.152
265.562
428,714
347,9Q7
Expandlture on:
Raising funds
Charit*sle actNilies
6.080
89,T18
13,671
245.505
19.751
335.283
16.590
489.802
Total expgndlture
95,858
259,176
355,034
506,392
Nel incornfrl(¢xp¢ndituro
Transfers bebveen fvnds
67294
2.371
6.386
12,3711
73,680
(158,485)
18
Netmovement in lunds
69,665
4,015
73,680
(158,485)
Roconclllatlon of funds:
Totsl funds brought fotW8rd
Net movement in lunds
113
153
267081
73,680
426,366
(158,485)
69,665
4,015
Totsl funds carried forward
183,664
1F7,897
341,561
267,881
The S￿ten￿nIof firiancial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 29 form part of these finanaal state￿￿nts.
Page 13

THE.PARISH OF.LUDLOW SAINT LAURENCE
BALANCE SHEEr
ASAT 31 DECEMBER2025
2025
2024
Fixed assets
Tangl￿e asset5
14
111,918
116,157
116,157
Current assets
ks
Debtors
Cash at bank and in hand
15
16
129
14206
130
30.059
143,969
174,158
Cuffent liabilities
Creditots.. amounts falling duewithin one
year
17
(147511
(22,434)
Nelcurrent assets
151,724
Total assots loss current liabiliti85
341￿61
267,881
Total net assets
341￿61
267,881
Charltyfund8
Restricted funds
UnrestricteAI funds
18
18
183,664
157,897
113,999
153,882
Totsl funds
341￿1
267,881
Thefinancial statements were approved a￿1 authorised for issue by the Twstees and signed on their behalf by:
Mrs Lesley Harllng
(Trusteel
Mr Richard Franks
(Trustee)
The notes on pages 15 to 29 form part ofthese fina￿la1 statements.
Page 14

THE PAR18H OF LUDLOW SAiiif LAURENCE
NOTES TO THE FINANCIAL STATEME￿5
FOR THE YEAR ENDED 31 DECEMBER 2025
General Infomiation
St Lauren￿ church is the parish Ghurch of Ludbw.
Cornmission {England & Wales), chartty number 1132703.
It registered as a charty with the Charity
The strategrc mission goals of St Laurence are:
Enabling the people of God to discoverand exer(ise th￿r ministy by nurturin9 their spiritual and
pastoral gifts, encouraging gmwth in fatth anK)ng all.
Celebrating the richness and diversty of our worship and tt￿$1¢ by encouraging and developing
our choral and Itturgical tradition.
Standing with Sl Laurence and working with other faith communities by engaging with the k¢al
community and the ¥Mder wortd to address iSSLW6 of social ¢oncem.
Creating a sustainable building and infrastructure for Ihe ministry of the Church, offering a wami
Ekome lo all who wme, of all faiths and of none.
In seeking to ach￿Ve these goals we encourage all vrithin the community. regardle$$ of age, gender,
elhnioity, disability or sexual orientation. to play their frjll parL thereby celebrating the diverse gits of all the
members of the body of Christ.
Accounting policies
2.1 8asls of preparatlon of flnancial ststements
The financial statements h8ve been prepared in accordance with the Charrties SORP IFRS 102) -
A(zounting and Reporting by Chartties.. staterr￿nt of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 (effective 1 January 20191. the Financial Reporting Standard
appltcable in the UK and Republ￿ of Ireland {FRS 1021 and the Charities Act 2011.
The financial statements have been prepared to gtve a 'true arKI fairf vtw and have departed from
the Charities (Accounts and Reports) ReguL8trJns 2008 onty lo the extent required lo provide a 'lrue
and fail view. This departure has invofved following the ChaiTties SORP IFRS 102) publisheé In
October 2019 rather than the Accounts'ng ar￿ Reporting by Charities.. Statement of Recommended
Practice effectwe from 1 April 2005 which has Sin￿ been wilhdrawn.
The Parish ol Ludlow Saint Laurence meets the definition of a public benefit entity under FRS 1 D2.
Assets and liabilrties are Initialty recognised at historical cost or transaction value unless otherwise
staled in the relevant accounting pdicy.
Page 15

THE PARISH OF LUDLOW SAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting polkles l¢onllnued)
2.2 Incomo
All income is re¢ognised once the Charity has entitlefftnt to the income, tt is probable that the
income will be received and the amount of recetvable Can trEasu￿d reliabty.
The reccNJnition of income from legaC￿S i% dependent on establishing eftt￿emenl the probability of
receipt and the ability lo estimate with sUffic￿nt accuracy the amount receivable. EV￿enCe of
entitlement to a kgacy exists when the Charity has suffiC￿nt evidence that a gtft has been left to
them Ilhrough knowledge of the existence of a valid will and the death of the benefactor} and the
executor is satisfied that the property in question will not be required ID satisfy claims in the estate.
Receipt of a legacy must be ￿Cognised when Tt ts Probab￿ that rt will be received and the fair value
of the amount receivable. which will generally be the expected osh amunl to be distributed to the
Charity, can be reliably measured.
Grants are included in the Statement of finanaal activities on a retsivable basis. The balance of
income r￿￿ed for speaffic purposes bul not expended duriro the period is shown in the relevant
funds on the Balance sheet. Inthe￿ In￿nE is received in advan￿ of entitlement of receipt. ils
recognition is deferred and included in ¢reditors as defeffed income. Where ents'tlemenl occurs
before incorne is received, the inc4)me is accnjed.
Income tax recoverabk8 in relation to investsment incon* i8 rwnised at the time the Investment
income is receivable.
Other income is recognised in the per#)d in wh￿h it is ￿e￿able and to the exienl the goods have
been provided or on completion of the servKe.
2.3 Expendi￿re
Expenditure is ￿cognIS￿ On￿ there is a legal or constructwe O￿lgat￿)n to transfer economic benefft
lo a third paty, it is probable that a transfer of economic beneffts will be required in settlement and
the amount of the obligats'on Can be meaSU￿d reliably. Expenditu￿ is dassified by activity. The costs
of each &tivity a￿ made up of the total of direct costs and shared costs, including support costs
involved in undertaking each 8¢tivity. Direci Costs attributable to a single activity are allocated directly
lo that activity. Shared costs which ¢oniribute to than one activty and support costs which are
not attributable to a single activty are 8PPOrtioned between those activities on a basis consistent with
the use of resources. Central staff costs are alIC￿ed on the basis of time spent. ané depreciab'on
Ch￿eS alljcated on the portion of the asseys use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
ch8ritsble purposes and includes costs of 811 fundraising acttvibes events and non-charitsble trading.
Expendf(ure on charitable acbvities is i￿Vrred on diredy undertaknng the activities which Ajrther the
Charity's objectives. as well as any assctiated support costs.
All expenéiture is inclusive of irrecoverable VAT.
Page 16

THE PARISH OF LUDLOW SAIMf LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng policies Ic(xrtinued
2.4 Tanglble flxfjd assets and depre¢latlon
Tangible fixed assets are Ca￿alISed and recognised when futu￿ economic benefits are probable
and the cost or value of the asset Can be measured reliabty.
Tangible fixed assets are initialty rectsJnised at cost. After recognition, under the cost r￿de1, tangible
fixed ass8ls are measured at cost less awumulaied depreckgtion and any accumulated impaimient
losses. Al costs incurred to bring a tangible fixed asset into ils intended working Gondltion should be
included in the measurement of cost.
DepreciatK)n charged so as to albcate the ¢osl of tangible fixed assets less their residual value
over their estimated usefvl Irrfes, using the straight4ine methrAI.
Depreciation is provKJed on the folk)wing b8Si
Long-lerm leasehold propety
Fixtures and fittings
Computer equipment
Musical InstrunEnts
1% str8tyJht line
25% straight ￿'ne
25% strarght line
1% strabjht line trom 2018
2.5 Sto¢k8
st¢xks are valued at the bwer of cost and net realisable value after making due allowance for
obsolete and slow-moving stod(s. Cost in¢ludes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.6 Debtors
Trade and other debtors are reccgnised at Ihe selllerrent amunt after any trade discount offeral.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand indudes cash and short4enn highly liquid investments vith a short maturity
of three months or less from the dale of acqUisit￿n or opening of the deposit or similar account.
23 Liabilities and wovisions
LiabilitEs are recognised when there is an obligation at the Balan￿ sheet date as a result of a past
event. it is probable that a tryansfer of e0)nOrn￿ benefft will be required in settlement, and the ar￿Unt
of the *tUement Can be estimated relrabty.
Liabilities are wognised at the amounl that the Chanty anticipates it will pay to setue the debt or the
amount it has re￿iVed as advanced payments for the gocKls or services it must provide.
Provisions are measured at the besl estimate of the amunts required to settle the obligation. Wnere
the effect of the lime value of money is material. the provision is based on the present value of those
arnounts, discounted at the pre-tax discount rate that reflects the risks s￿[fiC lo the liability. The
unwinding of the discount is re￿gnised in the Statement of financial activities as a finance cost.
Page 17

'.THE PAFiISH.OF LUDLOWSAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting pollcles (contin
2.9 Financial instruments
The ChaTty only has finanaal assets and financial l￿bIl￿8 of a kind that qualify as basic financial
instruments. Bas￿ financial instruments are inibally recognised al transaci'on value and subsequently
measured at their settlement value wrth the exception of bank knans which are subsequently
measured at amorbsed cost U￿ng the effeciive interest methcKI.
110 Pension8
The Chartty operates a defined conlribulion pensK)n scheme and the pensron charge tEFwesents the
amunls payable by the Charty to the fund in ￿$[¢¢1 of the year.
2.11 Fund accounting
General funds are unrestricted fijnds which are available for use at the discretion of the Trustees in
rtherance of the general objectives of the Charity and which have not been designated for other
purposes.
nesignatsd funds comprise unrestTthd fvnds Ihat have been set aside by the Trustees for particular
purposes. The aim and use of each designated fvnd is set out in the notes to the finan¢ial
staternents.
Restrtcted funds are funds which are to bg used in accordance with specific restrictions imposed by
dollors or wh￿h have been raised by the Charty for particular purposes. The costs of raising and
administering suth funds are charged against the specific fijnd. The aim and use of each restiicted
fund is set oul in the notes to the financial state￿nts.
Investsnent income, gains and losses are allocated to the appropriale fvnd.
Income from donations and legacies
Total
fundg
2025
Totsl
funds
2024
funds
2025
funds
2025
t)Dnations
Leg8cies
Grants
46,325
53,128
60.104
11%,769
153,094
53,128
60,104
152.050
15.829
159,557
106,769
266,328
168,879
Tota12024
43,979
124,900
168.879
Page 18

'THE PARISH OF LUDLOWSAINT LALIRENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Incomefrom charitsblo actlvltles
Restricted Unrestrlcted
funds
lunds
2025
2025
Total
lunds
2025
Total
funds
2024
Weddlngs, Marriage banns. funerals and
rnlar
Other income from church activities
9.220
8,1]07
9,220
8,628
621
9.232
621
17.227
17,848
13, 7TT
Total 2024
839
12,938
13.777
lTrcomefrom other trading activitns
lrncome from fundraising events
Total
funds
2025
Totsl
funds
2024
funds
2025
funds
2025
Fundraising
Shop and Cafe
82,112
49,705
84,758
49,705
77.690
45.529
131,817
134fv63
t23.219
Tot812024
2.365
t20.854
t23,219
Page 19

. ThE PARISH OP LUDLOW.SAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Investment income
Total
funds
2025
Tol81
funds
2024
nds
2025
funds
2025
Investment in(x)me
8,592
8.592
3,913
Tota12024
413
3,9t3
Othor Incomlng rn$our¢es
Restricted Unrestricted
funds
fund8
2025
2025
Total
funds
2025
Total
funds
2024
Other in¢oming resources
328
1,157
1A85
38,119
Tota12024
14.358
23.761
3&119
Expenditure on rablng funds
Costs of raising voluntary income
Restiicted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Costs ofraising voluntary
6.080
13.671
19,751
16,590
Tota12024
4,070
12.520
16.590
Page 20

THE.PARISH OF LUDLOW SAIKf LAURENCE
NOTES TO THE FINANCIAL sTATEME￿￿s
FOR THE YEAR ENDED 31 DECEMBER 2025
Analysis of expendlture on charltsble actlvltles
Summary by fund type
Regtrtcled Unrestrl¢ted
funds
funds
2025
2025
Totsl
2025
Total
2024
Charitable actwity
Stephen House
89,778
220,148
25,357
309,926
24357
489,802
89,778
245,505
33&283
489,802
Tots12CY24
243,401
246.401
489,802
10. Analysis ofexpeThllture by a¢tMtIo9
Activities
undertaken Support
directly
costs
2025
Total
nds
2025
Total
funds
2Q24
Charitable actNf(ies
Stephen H￿Ise
219.570
25.357
90,356
309.926
24357
489,802
244.927
90,356
335283
489,802
Total 2024
406,&78
489,802
P8ge21

THE PARISH'OF LUDLOW SAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11K Analysis of expendlture by actlvhies (continued)
Analysls of dlrect ¢￿ts
Charitable
activity
2025
Stephgn
House
2025
Total
funds
2025
Totsl
funds
2024
Staff costs
Depreciation
Church actNities
Clergy and staff expenses
IAission and evangelism costs
Church running expenses
ijtility bills
Major repai
Occasional musicians. organLsts and similar
other expenditure
maintenan￿ and repairs
20,954
20.954
8,206
50,475
2323
6.038
41386
33.745
33,199
655
8,987
33,059
8.2C6
50,475
2,223
6,038
7,214
51,858
4.475
5.765
45.333
31,616
227.728
4,350
10,990
17,209
33,199
4.655
5,186
32,549
3,801
510
219,570
25,357
244.927
406,538
Total 2LY24
406,538
406,538
Analysls ofsupport costs
Total
funds
2025
Total
funds
2Q24
Dlroct costs
2025
Staff costs
Governance costs
81,029
9.327
81,029
9,327
80,782
2.482
1.356
90,356
83,264
Total 2024
&3,264
83,264
Page 22

THE PARISH OF LUDLOW SAIKf LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11. Ind9pendent examlner's remuneratlon
The independent examiners reMU￿ratIOn amounts to an indeFendent examiner fee of £1,785 {2024 -
£1,5001.
1Z Staff costs
2025
2024
Wages and sakries
ContrFbution to defined contritrxrtK)n pensK)n Sche￿￿8
100.612
1,371
79, 723
1.059
101.983
80. 782
The average number of persons empksyed by the Charity during the yearwas as follows..
2025
No.
2024
Empbyees
No emp￿Y￿ r&eNed ￿M￿neratiOn amounting to than £60.OW in eitheryear.
Page 23

.THE PARISH OF LUDLOWSAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
13. Trustees. rernuneratlon and expenses
During the year. no Trustees received any ￿mUneration or other beneffts (2024-£NIL).
During theyearended 31 De￿Mber2Q2S, no Twstee expenses have been incurred f2Q24- £NIL).
1& Tanglble r￿ed assets
Long4•mi Flxtsros,
leasehokl
ffttings &
Musl¢al
property equipment Equlpment Instrumonts
Total
Cost or valuatton
At 1 January 2025
Add￿.0￿5
57,817
31.285
4455
56,100
149,657
3,967
At 31 December 2￿25
57.817
35,252
56,100
153,624
Depre¢iation
At 1 January2025
Charge for the year
2,313
578
25.646
5,953
1.614
1,114
3,927
561
33,500
8,2(
At 31 December 2Q5
2,891
31,599
2,728
4488
41,706
Net l)ook valu8
At 31 December 2if25
$4,926
3,653
1,727
51,612
111,918
At 31 De¢ember2024
55.
5,639
2,841
52,173
116, t57
Page 24

THE PARISH OF LUDLOWSAIIU LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
15. Stocks
2025
"2024
Goods for resa
129
130
16. Debto
2025
2024
Due wlthln one year
Trade debtors
other debtors
Prepayments and accrued in￿rne
42
475
29,542
14206
14,206
30, 059
17. Creditors: Amounts falling duewlthln one year
2025
2W24
Trad8 creditors
other creditors
135
SA53
9.163
Accmals and deferred income
21,869
14,751
22,434
Page 25

st THE.PARISH OF..LUDLOWSAINfLAURFNCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
18. Stat8mgnt of lunds
Statement of funds- current year
Balance at
31
Transfets De¢¢mber
inlout
2025
Balance at 1
January
2025
Inc￿1¢ Expendlture
Unrestrlctsd fund8
Designated fund5
stephen House
9A25
3,593
13,018
General funds
General Funds
153￿82
256,137
1259,176}
{5,9641
144￿79
Totsl Unrostrkled fvnds
153,882
(259,176)
12.371)
1Fr,897
Restrlded funds
Stephen HoLJse J No 2 College
Street Funé
HowErs
Arts @ st Lauren
Life & Leaming
Clock
Re¢torf$ Discreb'onary
Nab'onal Heritage Lottery FUTr
Virtual Reality
FestNal Flowers
82.033
1A17
7.091
3,516
539
(25.3SO)
{507}
(6,6401
142,222
1,886
6,315
3.516
331
6,215
1,073
4,592
71
13,119)
1,062
1,073
4,592
71
6,221
12,633
War M8norial
5262
016
432
765
Fabric
Bells
Organ repair and maintsnanGe
7A75
(60,1041
(132)
113,999
163,152
{95,858}
2,371
183,664
Totsl offunds
267,881
428,714
1355,034)
341.561
Page 2

THE PARISHOF LUDLOW SAipif LAURENCE
NOTES TO THE FINANCIAL sTATE￿NTs
FOR THE YEAR ENDED 31 DECEMBER 2025
18. Statement of funds {¢ontlnued)
statement of funds- prioryear
B81ance ai
31
Decemb
2024
Balan￿ at
l Jantsary
2024
TTrnsfer
in/out
Untsstri¢t¢d furKIs
General Funds
130.379
282,866
(258,921)
(442)
153,882
Restrlcted fvnds
Stephen House l No 2 Col
Street Fund
Flowers
Arts @ St Laurence
Lrfe & Leanmng
CIoL*
Re¢toVs Dis¢retionary
National Heritage Lottery FUTr
Sl Leonard's Churth Wall
Virtual Reality
80iler House
26t,671
649
6.396
3.516
.978
1.182
4,981
(230.616)
(414)
{4.286)
82,033
1,4t7
7,091
3.516
11.818
1,073
2,675
(8,278)
6.215
I.OT3
(2.682)
4.592
13.245)
4.592
3.135
14
iio
FesiN8J F￿V￿g
71
Warmemorial
Fabrr
Bells
Organ repair and maintenan
200
7.475
233
8, 730
210
373
259
13
{968J
27J
295,987
65,041
(247,471)
113,999
Total of funds
426,366
347,907
{￿6,392)
267,881
Page 27

IiIE PARISH OF LUDLOW SAINT LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Statementof funds {continued)
Restricted Funds -
The purpose of ReStr￿te¢j Funds is to separ8te out money gNen to the PCC for a swifi¢ purpose and to
ensure that it is used for that purpose.
Pew Sheets, Tower Mag. Parish Publutions - for the sponsorship of pew sheets arKI publi¢ations and
Contributions trwards the cost of the parish magazine.
Arts @ st Laurence- lo separate out the Ir￿Me and expenditure of the annual summerArts FeslNal.
Fat￿C - The Fabric Fund is a repair fvnd and includes speufic projects such as the Vision. The purpose
of Vision is explained in detail in the Trustees reporL
Stephen House l No 2 College Street Fund- retates to the Fryerty atthat address in Ludlow.
Organ repair & ￿intenance- for the upkeep of the organ.
Flowers- dmations towards church llowers andthe payrnentthpJeof.
Life & Leaming- to separate outthe incorre and expenditu￿ of the annual series of Lrfe & Leaming
tures.
Nave A￿ar & Reordering - lo separate out the income and expenditure towards the re-ordering of the
Nave. Nave projects have been ongoing from 2017 wth the ￿￿1 r￿ent phases completed in 2022-23. AII
the changes in the church come in under our ongoirrfj Vision Projecf a 30 year innovative church
project lo get St Laurence's back to its fomier glory and posit￿Tred at the heart of the community.
tÈpending on when and how a project starts and is ￿nded the timing of income and expenditure Can
oss accounting periods.
Redoes Dis¢￿tiOnary- to reach the pcorest in the local communty and provide financvdl help when most
needed.
NLHF - our bid for lottery heritage funding application (made Feb 2020} failed when NLHF cancelled all
applicats.ons being processed as a result of Covid-19.
St Leonard's Church Wall- The old churchyard for bjrials in Ludlow nLhV Virtualty full but still officrally'open,
SD the resFM)nsbility of l rnaintained by St Laurence's.
BOi￿r House - Towards the creation of a pemwnent l)oikr house by the souih wall of the Churc* (project
rnpleted in autumn 20231.
rtual Realtty - Fund to develop the y'lot stheffE lo prove the mertts of augmented reality as the medlum
lo engagè new visitors lo the heritage stle Ipilot Completed.. deCiS￿n on permanent scheme pending).
Page 28

THE PARISH OF LUDLOWSAiTrif.LAURENCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
19. Analy81s of net assets beiThwn funds
Analysls of net assets between fund8- current yoar
Restrlctgd Unrestrlcted
funds
funds
2025
2025
Totsl
fund8
2025
Tangibk r￿ed assets
Current assets
Creditors due within one year
111.918
60,730
{14,751 }
111,918
244,394
(14,7511
183.e64
Totsl
183,664
157,897
341￿61
Analysis of net assets between fvnds- prlor year
Reslrided UnTrSl￿ed
fvnds
funds
2024
2024
Total
funds
2024
Tangible flxed assets
Currentassets
Credrtots due within one year
116.157
60.159
(22.434)
116.t5T
174. 158
(22,434)
113.999
Totsl
113,999
153,882
267.881
Pension commitménts
The charity 0￿rateS a deffin&J contn"bution penS￿)n scheme. The assets of the scheme are held
separalety from those of the group in an independentty administered fvnd. The pension Cost charge
represents contributions payable by the Chanty to the fund and amounted to £1.371 (2024 - £1,059) From
this amount £nil was payab￿ to the fund at the ba￿nce sheet date and * included in creditors12024'.
£7761.
21. Related party transadlong
The Charity has not entered into any related paty transactK)n during the year, nor are there any
outstanding balan￿S owing behveen related parties and the Charity at 31 December 2025.
Page 29