Parochial Church Coundl of the Ecdesiastkal Parfsh dst Lawrence Charlty 1144745 Tnstees, Report aNI Unaudited Ac(ounts 31 December 2024
Parochlal Churth Coundl of the Ecdeal Parlsh of St Lawrence Pages 2to3 Trustees, Annual Report Independent Examiner's Rep)rt Statement of Financial Activities Balance Sheet Statement of Cash flows Notes to the Accounts 14 7t013 Detailed Statement of Financial Acti¥itses 14to15 Page I
Parochial Church Counc51 of the Ecdesiastital Parish of St Liwrerte Trustees Annual Report The trustees present their report with the unaudtted finantTral statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS CharityNo. 1144745 lincipal Office Portway Fosse Stratford Sub Castle Salisbury Wiltshire SPI 3LD Tru5te¢s The followng trustees served during the ar". Nigel Afford- Treasurer Rev'd Suzanna Allen- Associate Priest Heather 8alston Rev'd Canon Jean de Garis- Incumbent Sophie Ferguson Joy James Carole Long James Platt Susan Thomson- Church Warden John Walsh- Church Warden David Woollatt Aceountsnts AW Accountancy l)orset Road Salisbury OBJEcnvES AND AcrivmES Mission St Lawrence'5 mission is the promotion of the Gospel of our Lord Jesus Chrill according to the doctrines and practices of the Church of England. Operkni St Lawrence Parochial Churth Council (the PCC) cooperates with the minister in promoting in the parish the whole mission of the Church. pastorèl, evangelistic. SC481 and ecumenical for the public benefit. A monthty magazine is circulated to every household in the parish and to other individuals and organisations. The PCC promotes the Reading Room for wider public benefit to support Our mission and to generate income. Grants The PCC discuss and agree various donation5 to worthwhile causes. in particular continuing to sponsor a student at The Juba Diocesan Secondary School and funding thèplaincy for the Stratford-SUtTrCastie Church of England Primary School. Volunteers The tnjstees express huge thanks to all volunteers who wvrk so hard to make our church the vibrant and lively community that it is. Church Maintty)an£e The PCC takes great care ift the care and maintenaTr of our Grnde i $ted churth. Page 2
Par¢xhial Churth Coundl ofthe Ecdeskthl Parlsh dst LaWree Trustees Annual Report FINANaAL REVIEW The accounts showa deficit of £8.154 {2023-£12.8181. Whilstthe Pccare pleasedto ha¥E reduced expenditurethere rernains a need to increase church inc¢Jme. Whi15t our %4r)r5hipping communtty and other parishioners can be generous, the number of actlve supporters is dwindlin& On the plus side the Readin8 R(xim makes a profft and the t cost of the ma8azine is relatively low. We are fortunate to ho £188.089 En barth a(rtyJnts and investments so there is a signtficant ffer. However costs wibl continue to rise over the next 4 years due to premously notified abcNtrinllation increase in Parish Share. Reserves are finite and meèsures need to be tsken to increase incom£ The PCC maintain a low rtsk conserlative investment stiate8y. The current PCC policy is to malntain sufficient reserves to cover 50% of financial rlsk to whlch we are exSed from being re5wn5ible for an Wjo-year-old building and a Ifictorian church hall. STRucfuRE. GOVERNANCE AND MANAGEMENT Goveinlng d0Mert The PCC is a statutory body. Its ComtIon is ulated by Church Representstify) Rules. whKh were created and amended under the Synijdical Government Measure 1969. Their power5 and duties are to be found mainty in those rules. in the Parothial Church Councils {Powersl Measure 1956 and elsewhere. piecemeal, in other statutes measures and cal$. Although PCCS hove identifiable constitutional feature& they (kn not indNKlually have their own constitutions. The members of a PCC are treated as Charity Trustees for most purposes of charities legislation. The PCC is registered wtth the Charities Commission and has a charity number. The proceedin8s of all PCCS are required to be conducted in accordance with the charity legIatIon and must be minuted. (kgan15ation4 stfycwre Each member of the PCC is a Trustee. the committee being responsible for all aspects of St Lawrence's governance and management. Meetings are held on a routine with new trustees being apix)inted to provide a balance of skills. experience and representation. Risk Man4emenL S•fwardlTr8 the En¥lrMment The PCC has a duty to identify and reNryew the risks to which the charity is exposed and to ensure appropriate controls are in ace to provide reasonabte assurance against fraud and error. A risk reei5ta is In pla and 15 reviewed on a regular basis. The PCC has a written Safeguarding Poliry and a nominated Safeguarding Officer. The PCC seeks to meetthe objettives ofthe Eco Church scheme where feasible. Statement of trustees, responsibilit$ th relatlon to the financial statents The charitytrusteesare responSibfOr preparinga trust, annual report and finanual statements in accOlAnce with appli¢able law United knng(km P£counting Stsndards Iunlted d0M Generalty Accepted kcounting Practice). The trustees are responsible for keeping proper accountlng records that disdose with reasonat4e accuracy at any tlme the financial position of the charlty and to enable them to ensure that the financial statements CoMY with the Charltle5 Att 2011. the applicable Charitles Ikcounts and Repts) Regulations. and the provision5 of the Tn deed. The Trustees are also responsible for safeguarding the assets of the dlity and hee taksre reasonable steps for the prevention and detertlon o* fraud and other Irregularitie 5i8ned on behalf of the tharity's trustees Re¥'d Canon Jean de 6•rfs In¢umlJent 18 May 2025 Page 3
Parochial Church Council of the Ecdeslastical Pdrish of St Lawrence Independent Examiners Rewt Independent Examlner's Rewt to the trustees of parla1 Chufth Cnl of the Ecdesaatlcal Parish of St Lawrettce I report to the trustees on my examination of the financial statements of Paroch1 Church Council of the Ecclesiatical Parish of St Lawrence for the year ended 31 December 2024. Responslbilhies and basis of repwt As the charity's trustees you are responsible forthe preparation of the financral Statements in accordance with the requirements of the Charities Art 20111'the Act'l. I report In respect of my examination of the chartty's finantÈal statement5 carrfed out under sectioft 145 of the 2011 Act and in carryin8 OLIt my examination I have follo¥Rd all the applicable Directions given by the Charity Cornmi55ion under section 14515llbl of the Act. Independent examlner's siatement I have completed my examination. I can confimi that no material matters have come to my attention in connertion with the examination giwng me cause to believe that in any materhal respect.. the accounting records were not kept in respect of the charity as requffed by section 130 of the P£t: or the financial statements do not accord wth those records: or the fin8ncial statements do not comply with the applicab reqU1ments conceming the form and content of financial ststements set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement thatthe financial ststements gi¥e a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems 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 o proper understandin8 of the financial statements to be reached. Andrew Willia Chartered Accounrant AW Accountancy Dorset Road Salisbury Wiltshire 18 May 2025 Page 4
Parochlal Churth Councll of the Ee$ltka1 Partrth of St lawren ststement of Finanual Acbvitles for the year erKled 31 December 2024 fufi(ts funds Total fvnds Total funds Income and endowments Donations and legacl Other trading activitses Investments 48.853 19.556 3.543 48.853 19.556 3543 79.042 18.450 7223 Total n.952 71.952 104.715 Expendtture on: Rai% funds Charitable activitEs 7.687 70.635 7.687 9.793 89.297 18.443 71.635 Totsl 79.1¢ 80,106 117,533 Net gaifts on investments {7.1541 Ii.(KM)I 18.1541 112.8181 Transfers between funds Net expeTrdlture beft•re other 8ain5lllow51 (7.1541 18,1541 112.8181 Other gakns and h)$5¢5 Net ID lunds 17.1541 18.154) {12,8181 Rrfondllation of funds: Total funds brought forward 201.298 L568 205.866 218.684 Total lunds ¢artied lorwwd 197.144 197.712 205,866 Page 5
Parochlal Church Coundl of the E¢detka1 Parish (rf St Liree Balance Sheet at 31 December 2024 Charlty No. 1144745 2023 Fixed assets Tangible assets li 3.216 34,657 37.873 34,977 38.977 Current assets Debtofs Cash at bank and in hand 13 4.931 I54,J7 159,988 30.960 138,370 169.330 Credltors: Amount falling due within one year 14 1149} 12.441) Net current assets 159.839 166,889 Totsl assets less Current li*llltles 197.n2 205,866 Net assets eMthdln8 pernsion asset or 197.n2 205.866 Total Thet assets 197.n2 205.866 The funds of the tharlty Restrltted funds Restricted income fvnds 1568 L568 Unrestrl¢ted funds General funds 197.144 204.298 197.144 204,298 15 Totsl funds 197,n2 205,866 Approved by the trustees on 18 Mèy 2025 And gned on their behalf ty. Rev'd Canon Jean de Garts Incumbent 18 May 2025 Page 6
Parochlal Church Council of the Ecdesia5tical ParLsh of St Liwrence Notes to the Accounts for the year ended 31 December 2024 l Accounting pofiaes Basls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practtce.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Rewjrting Standord applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There hos been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no changes have been madeto accounts for previou5 years. Fund accountinz UnrestriLted funds These are alIable for use at the discretion of thetrustees in furtherance of the general objects of the charity. These a unrestricted funds eamiared by the trustees for particular purposes. These are unrestricted fund5 which indude a revaluatton reserve representingthe restatement of investment assets at their market values. These are availab for use subjert to restrictions imposed by the donor or through terms of an appeal. Designatrd funds Revaluation funds Restricted funds Income Recognition of income Income Is Includ in the Statement of Financial Activities ISOFAI when the charsty becomes entitled to, and virtualfy rtain to receive. the intome and the amount of the income can be rSured with sufficient reliability. Income wtth related expenditure Where income has related expo)ditiJre the income and related expenditure is repted gross in the SOF Dorbations and legaoes Vduntary income received by way of grants. donations and wfts is included in the the SOFA when receNable and only when the Charity has unconditional entitlement to the income. Income from tax reclaim5 is included in the SOFA at the same time as the giftldonation to which it relates. These are only included in income (with an equivalent amount in expenditurel where the benefit to the Charity is reasonab quantifiable. measurable and material. Tax reclaims on donationsand gifts Donated services and facil1t$ Volunteer help Investment income Gainslllossesl on revaluation of fixed assets Gains/llossesl on investmerrt a&sets This includes any 8ain or1055 on tt sale of in¥e5trrtnts. The value of anyvolunteer help received rs not included in the account& This is included in the accounts when receivable. This includes any gain or toss resulting from revaluing investments to market value at the end of the year. Page 7
Pwochkl Church Coundl of the Ecclesiasllcal Parbh of St Lawren Notes to the kcounts Expenditure Re¢o8nition of expenditure ExpeThJ¥ture is recognised on an actruals basis. Expenditure includes any VAT which tannot be fully recovered. and is reported as part of the expenditure to wh5ch it relates. These comprise the costs associated with attracting voluntary Income. fvndrai5in8 tradlng costs and investment management costs. These comprise the costs incurred by the Charity in the deliveryof Its activities and seNices in tl furtherance of Its objects, including the maklng of grants and 80ManCe costs. Expenditure on raising funds Expenditure on charttable actiwties Grants payable All grantexpendrture is accounted for on an actual paid basis plus an accrual for grdnts that have been approved bythe trustees at the end of the year but not yet paid. These include those costs assoclated with meeting the constitut+onal and statutory requirements of the Chartty. including any auditlindependeftt e¥amination fees, costs linked to the strategic management of the COrity. together with a Sha of other administration Costs. Governan costs other experKlltufe These are support costs not alocated to a partiajlar actvity. Taxatlon The charrty is exempt from tsx on its charstable aclivilie& Tangible flxed assets and depfeciation DepreciatM?n is wo¥ided at the followtng annual rates in CKderto vffrte off eath as or its estimated useful Ilfe: IO%% Reducing balance basis. Freehokl property ¢)ffice Equipement 20%% Straight line basis Freehold Investmeiit woperty Investment properties are measured intbally at cost and subsequentty at fair Value at each balance sheet date ènd are not depretiated. All gains or losse5 are tsken to the Ststement of Financial Activlties asthey artse. Stock is included at the lovRr of cost or net reallsable value. tk)nated item5 of stock are recognised atfalrvalue whh is the amount the charlty would have been willire to pay for the items on the open maet. Trade and other debt Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade disccwrrts due. Cash and cash eqUents Cash and tash equivalents comprise cash at bank and on hand. demand deposits with banks and other slKlrt-term highly Ilquld investments with oriwnal maturtties of three months or less and bank ovtrdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liablltties. In the Statement of Cash Flows. cash and cash ewivalents a shown net of bank owdrafts that are repayabje on demand and form an integral part of the company's cash management Page 8
Parochial Church Council of the Ecclesiastical Parish of St Liwrence Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provision5 are recognised where the charity has a present Obligati( resulting from a past erfent that will probably resutt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reltably. Creditors and provisions are nomially recognised at their settlwnent amount after allowin8for any trade dlsccnts due. Re5earth and dlopMent Expenditure on research and development Is written off in the year in whtch it is irtuffed. Foreign Lurrendes Monetary assets and liabilities denominated in currencie5 other than the functional currency of the tharity a translated at the rate5 of exchange prevailing at the end of the reporting period. Transactions in currencÉes other than the fvnctional cwrency of the charity are recorded at the rate of exchange on the date that the transartion occurred. All exchange differences are are taken Into account in arriving at net income/expditU. Leased assets Where the tharity enter5 into a lease whKh entails taking substantialty all the risks and rewards of oWnehIp of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownershiptocharttyare classified as operatin8 leases. tssets held under finance leases are Initially recolSed as assets of the charity at their fair value at the incept40n of the lease or, rf lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Leèse payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constsnt rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are directly attrÉbutable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets helcl under final leases are depreciated in the same way as owned assets. Operating lease payments are retognlsed as an expense on a stratht-line basis over the leaseterm. In the event that lease Incentives are received to enter into operating leases. such incentives are recognised as a liability. The a8gregate benefit ot incentives 55 retognised as a reduction of rentsl expense on a straW4ine basis. Penslon costs The charlty operdtes a defined contribution plan for its employee& A defined contribution plan is a pension plan under which the charity pay5 fixed contribution5 into a separate entity. Once the contributions have been paid the charity has no further pa¥nntS obligations. The contribution5 are recognis&J as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charlty in independentty administered funds. Recelpt of donated 8oods, faulitie5 and seThl All donated goods, facilities and services reIVed are recognised within incoming resource5 and expenditu at an estimate of the valLte to the charity. Page 9
Parothlal Church Council of the Ecdesla5tKal Parish of St Lawrence 2 Ststemefftt of Flnandal Acli¥ibes- prky y¢¥ Re#ricted funds fvnds Totsl lunds Donation5 and legacie5 Other tradin8 athitses Investsnents 77.474 18.450 7.223 79,042 18A50 7,223 Totsl 103.147 l(hl.715 Raising funds Charitable activities 12.009 73.228 12.OC8 73,228 32,296 Other 31296 117.533 117,533 Net lThc(xne 114.386} 1.568 112,8181 Net In¢(Nme belore other 8aknsl{10s5es) Other gains and losse&" 114,3861 1.568 {118181 r4et mement in funds 114,386) L568 112.8181 Reubnafiation of fwb&. Total funds brought forward 218.684 218,684 Total funds uffled fcTh7¥d 1,568 205.866 3 Inwme trom dOnatis and leie5 Trt41 Totsl Glfts and Gift akl 41,912 1593 41,912 L593 41.213 1,637 30.384 S8 Appeals Grants Fee5 and char8e5 4853 48.853 79,042 4 Income from other tradlns acthftles Total Reading room booki f*s Ma8a2ine income arKI ad¥ertlsing 16225 16,225 15.482 3.331 3.331 2968 19,556 19.556 18.450 Pa8e 10
Parochial Church cn(lI of the EcL4e5iastical Parish of St Lawr Notes to the Atcounts S Income from ims Total 2024 2023 Deposit income 3.543 3.543 7.223 3.$43 3,543 7.223 6 Expendliure on rai51ng lunds Total Costsofgenerotin9 lUntaryIn¢0ffle Glfts and Gift ald 7.687 7.687 9.793 7.687 7.687 9.793 7 Expendlture on charitsble acllvlti Total Total 2024 2023 Dioceseindudlng Parish share Mission costs 40.753 40.753 37,922 10.2rJ) 10.2 4.665 PCC expenses Church and thurthyard costs Govem¢7nce costs IOA28 10.428 8,661 10254 38,049 70.635 7L635 89,297 8 Other exwthre T¢Aal Trtal )24 Amortisation. depreeration, impairment. profitlloss on disposal of fixed assets 18.443 .443 2023 9 Net e4(Ire before tran5 Thi5 is stated after tharging: Depredatlon of owned fixed assets io Staff (osts No employee I1Ved emoluments in excess of £E4)JMJ. Page 11
Parochial Church Council of the Ecdesiastical Parsh OF St Lawrence Note5 to the Accounts 11 Tanglble fix assets Land and buildirbgs Office Equlpment Totsl Cost or revaluation At l January 2024 At 31 December 2024 33,227 4,784 38,011 33.227 4.784 38,011 Deprlati and ImpaiTment At ljanuary 2024 Depreciation charge for the year 33227 34.011 At 31 December 2024 33.227 1,568 34,795 Net book Values At 31 December 2024 3.216 3,216 At 31 December 2023 12 Investsnents Other investments Cost Of rev•lu•tl¢n At l January 2024 Revaluation 34,977 13201 34,657 34,977 13201 34.657 At 31 December 2024 Net book values At 31 December 2(r24 34.657 34,657 At 31 December 2023 34,977 34,977 13 Debt5 Trade debtors 4.991 30.956 Other debtors 4.991 30,960 14 Cresfitors: amounts fallingduewithin oner Trade creditors Other taxes and social security 147 2,441 149 2.441 Page 12
Parochlal Church Council of the Etdeslaslkal Parish St lawrence Nrtes to the Accounts 15 Mcwement In fund5 Incornin8 resources (InckKlkng Res(wrces At31 At l g*s/kn) Re5trirted inc(rnefim. Arnold Harrlson furnl ii.m)I Totol ii.ojoi Unrestrlctedfunds: Genwal funds 204.298 71352 179,1061 197.144 Total lunds Fixed assets 3,216 34.657 159.839 3,216 34.657 159.839 Investments Net current assets 17 Reconallallon of net ddrt At31 Atlknu Cash and cash equivalents 138,370 138.370 16.627 16,627 154,997 154,997 Net debt Page 13
Parochlal Church Council of the EcclesiastKal Parish d St Umwrence Detalled Statement of Financial ktivitie5 for the year ended 31 DKember 2024 Lknrestrirted Restrkted fun¢ts Total funds Total fvnds 2024 2024 Income and endowments from: Donatlons and legacies Gffts and Giftaid 41912 41,912 41,213 Appeals Grar 1593 1.593 1.637 30,384 5.808 Fees and charges 4853 48.853 79.042 Other trading activit$ Reading room booking fees Magazine income and ad4*rtising 16225 16.225 15,482 3.331 3.331 19.556 2,968 18.450 19556 Inve51ments Deposit income 3.543 3,543 7,223 7.223 3543 3.543 Total Income and endTr n.952 71.952 104.715 Expenditure on: Costs of generatlngdonations and le8ades Reading room costs 7.687 7.687 7,687 9.793 7.687 9.793 Total of empenditure on ralskng 7.687 7.687 9,793 fvnds Charttsble actknties Diocese including Parish share Mission costs 40.753 10,200 10.428 9.254 70,635 40,753 37,922 4,665 8.661 38,049 89,297 10,21J) 10.428 PCC expenses Church and churchyard costs i.(0 i.(xJo 10,254 71.635 Totsl of expendlturew tharitab activities 70.635 7L635 89,297 General administrativecosts, includin8 depreciation Depreciation of Office Ewipment Impairment losses 17.659 18,443 18,443 I1733 Total of expendlture of other costs Total expendlture 79J06 J06 Page 14
Parochial Church Council of the Ecclesiastical Parish of St Lawrence Detailed Statement of Financial Artivities ctd Net gains on investments Net expendlturÈ 17.1541 {I,o¢KJI 18,1541 112.8181 Net expenditure before other gain5111055esl Other Gains 17,1541 li.0) 18,1541 112,8181 Net movement in funds 17,1541 11,0001 18.1541 112,8181 Reconctliation of funds: Total funds brought forward 204,298 1,568 205.866 218.684 Total funds carrled forwaryl 197.144 197,712 205.866 Page 15