Registered Charity Number 1157187 StL2wrenceJewry next Guildhall St. Lawrence Jewry Guild Church Council REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
St. Lawrence Jewry Guild Church Council Index to the Report and Financial Statements Page Charity's Information Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Ststements 11
St. Lawrence Jewry Gulld Churth Council CHARITWS INFORMATION Chari name St. Lawn Je Guild Church Council Trustees Guild Vicar". Churchwardens: Fr James Titley Martin Clarke Tim Hailes, Alderman of Bassishaw Ward Robert Hughes-Penney, Aiderman of Cheap Ward Jamie Ingham Clark (Lay WI Chair) Gavin Ralston (Secretary) lan Seaton. MBE Members appointed by James StJohn Davis Cty of London Corporation: Gregory Jones. KC Aldemian of Farringdon Wrthout Ward & Sherrff Edward Lord. OBE Roger Chadwick, OBE (freasurer) Giles Murphy. Parish Clerk Edward Lord, OBE (from 16 June 2024) Peter Livock (until 15 April 2024) Elected Members: Representatives on the Deanery Synod: Inde ndent Examiner Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD ankers Metro Bank istered cha ' num 1157187 istered office Guildhall Yard. London EC2V SAA
St. Lawrence Jewry Gulld Church Cnl TRUSTEES, ANNUAL REPORT 2024 has been quite the positive year for St Lawrence Jewry. It is a joy to wrtte this report being able to reflect on a whole year, and at the time of writing having had the prpiilege of being Guild Vicarfor eighteen months- how the time flies! The American actiVi5t Maya Angelou On wrote that one should always "Do the best you can until you know better. Then when you know better, do betterf. and vle have lived this out here at St Lawrence Jewry over the past year. The re-opening of the church in 2023 and the installation of a new Guild Vicar later in that year heralded a time of change, renewal, and growth in our corporate lrfe and rninistry. We do not, however, disregard the things of the past, but use them as a foundation on vthich to make change to meet the renewed communty serve. In the 2023 report. it Wds noted thal in the following year we would seek to address thfee key things.. reconnecting with those around us. refreshing our 'brand' through the website, social media. and the way we promote vhial we are doing, and renewng our governance structures. Throughout the past year we have worked on all elements of these yiorTiies, and it is pleasing to report that we have refreshed our branding and online presence, including a completely rened vbsIte which is much easier to navigate and now hold details of all ¥ are about and doing, and a new Facebook page, which means we are now better connected than ever before. Branding and an advertising strategy have proved useful in promoting our services and events, and we frequently re1ve good numbers at these as a result. Our govemance has been revaluated and all our trustees and staff have committed to ongoing Safeguarding training as part of their responsibilities both to St Lawrence Jewry and the wider church. My thanks go to our Safeguarding Officer who has worked tirelessly to bring all of this t(YJether, as W11 as implementing new policies and processes which have achieved us the highest level of compliance. We were similarly pleased to welcome Churchwarden's from across the Two Cities Area when we were chosen to hold the local 'Saring-In' service. Pastoral care and chaplaincy remain at the heart of our ministry here, and across the past year we have tnaintained the good links shared with institutions and organisations around us. Our links with Livery Companies have continued to grow and the Guild Vicar is now Chaplain to eight companies many of which share in their worship here- as well as several other organisations and groups. We are pleased to be able to support them spiritually and pastorally whenever and however we can. A5 a sign of our growing relationships, we have been blessed with several generous donats.ons from our connections, most notably a set of new vestments, and a Paschal Candlestick to be used as part of our Easter devotions. baptisms, and memorial services. In addition to this, the Guild Church Council committed to an annual charitable donation from church funds to worthy causes. In doing so V have committed to our part in the church's marks of mission., to respond to human need by loving seNice, to transform unjust structures of society, to challenge violence of every kind and pursue pea and conCl11aII0n. and to strive to safeguard the integrity of creation. This year five charities were nominated. and each received a share of the commitment: London Institute for Contemporary Christianty, Intemational Justi Mission, The Vine Centre. Prisoners Abroad. and Islington Centre for RefUgS and Migrants. In addition. we also donated the Inclusive Church Network - St Lawrence Jewry has joined this ever-gr(Ywing neiwork of churches following the Inclusive Church statement.. Mle believe in indusive church - a church which lebrate5 and affinns every person and does not discriminate. We V11 continue to challenge the church where it continues to discriminate against people on grounds of disabil, economic fM)wer, ethnicty, gender, gender identty, learning disats'lity, mental health, neurodiversity. or sexuality. We believe in a Church which welcomes and seTves all people in the name of Jesus Christ; which is scripturally farthful; which seeks to proclaim the Gospel afresh for each generation., and which, in the power of the Holy Spirit, allows all people to grasp how wide and long and high and deep is the love of Jesus Christ..
St. Lawrence Jewry Guild Churth Coundl As the official Guild Church to the Cty of London Corporation. we are tasked with Chaplaincy to the ected members and staff of the Corporation. This is an element of the ministry here at St Lawrence Jewry we have worked hard to re-establish in a revived way. Good links have bn made over the past year with senior officers at Guildhall and we have found ourselve5 being involved in several welfare initiatives such as engagement viith staff dwersity networks and being the home of 'the big sing'_ a vrforkplace communty choir seekn'ro to build relalionships and encourage personal wellbeing and good mental heatth. In addition to opportunrties to visit on regular 'rounds', we have provided opportunities for engagement, conversation, and to further promote St Lawrence Jevry as 'the Corporats'on's churth,. This has led to a dedicated Chaplaincy email address for confidential contact and a renewed link with The Old Bailey where I now offer a 'surgery' from time-to-time for those who may wish to speak with me pastorally. l am grateful to the many members of staff, officers, and members. within the Corporation who have worked with me to enable this to happen. Holy Communion continues to be offered twi a Wk, on Monday at 12.30 and Thursday at 13.00. Both service5 maintain small but failhful congregations and often v[Come new faces. In addition, we now offer a special moming Fyayer on Common Council days and have introduced services during Lent and Holy Week (where daily services were held, including Evening Prayer, a Healing Mass, a Tenebrae Service, and Maundy Thursday service). We joined our brothers and sisters at St Vedast-alias-Foster for the Easter celebration. In addition to this, over the year. our nurnber of pastoral offiS have continued to grow as we celebrated three baptisms, solemnised five marriages. and remembered the departed at three memorial services. In April we also welcomed the London Regimentfor a special and moving service where the Regimental Colours were laid up in the church. establishing another military affiliation for St Lawren Jewry. June saw Ihe annual Lord Mayorfs Livery Weekend being held in London and we were delighted to welcome a full church congregation to a special Servi of Choral Mattins - Sunday service at st Lawren Jewry for the first time in many years - with the Lord Bishop of London preaching. We have now firmly established our visiting choirs. Choral Evensong as part of the church calendaT, offering at least one service per term. and were del@hted to welcome back the choir of Sevenoaks School for what has become a regular fixture in the diary. In addition, we welcomed the choir of the King's School Canterbury on two occasions, one of which included a cOnrt after the Servi vthich gave a plattom for some incredibly talented singers and young musicians to share their skills Wlth a City audien. We also vRlcomed the choir of University College London. Strong links have quickly been built with all three of these choirs and we are delighted that they join us here at St Lawrence Jewry, and that we are able to support them in their development. In the autumn St Lawrence Jevry took part in the programme of Open Hou London for the first time in many years. A programme of bellringing. organ recitals, exhibitions. and displays gave much for the discerning visitor to enjoy, along wtlh the opportunity to purchase refreshments. Over iwo days, and with mixed weather. VE welcomed 1832 visitors to the church, and l am grateful to the church volunteers and those from Open House vtho enabled it to happen, a merry band of six people working together each day to welcome. guide. and serve our visttors wrth a heaty level of St Lawrence Jewry hospitslity. This event also allOYd u5 to begin to re-establish our own local volunteer base, and we are grateful to those who often step up to support our events arKI activities through offering their time and skills. And we conts'nue to be thankful for the generosity of the FrEnds of City Churthes and their team of 'church vRtcher' volunteers each Tuesday. In July we marked our Dedication Festival with a special service of Choral Evensong V4ith Thanksgiving for the Resloration Project All those involved in the project We invited to attend so that we could lebrate the restoration of Ihe church over the preceding few years and the collective efforts of those involved. It was ajoy to welcome so many old and new faces back to the church and to share in fellowship afterwards at a reptIOn so kindly hosted by the Worshipful Company of Girdlers. I was also proud lo be invited later in tr year to represent St LavKence Jewry, along viith
St. Lawrence Jewry Guild Church Council members of Julian Harrop Architects. at the Annual Georgian Group Awards. Amidst tough competrtion for the award of Best Restored Church. St Lawren Jewry just missed out on the winner's prize, but were thrilled to receive Ihe judges Commendation. A worthy avrd for a v11- executed restoration project. Advent and Christmas are aayS a busy period here at St LaVen JevKy. This year, over a and-a-half-week period, welcomed around two-thousand people to the church across several servIs, including new charity services and a new annual Servi for our good friends at the New Zealand Society. The 'Kiw Carol Service, kept the church full of lrfe and it was a joy to welcome so many families and young people - something so often scarce in day-to-day City life. The Annual Christmas Service (Lord Mayo¢s Carols) was once again the culmination of this period and attracted a full church. Our choir members are to be commended fortheir Servi to the church this past year Christmas was very busy for them, yet they remained in fine voice! We remain commrted to keeping the church open each weekday for those vtho live or work nearby or who visit the City, and we continue to welcome around eighty people each day vtho come here not only to visit. but also to pray or find space and pea amidst the busy world of the City. It is rare to find the church without someone silently sat in a pew or walking around, arKI opportunities for engagement and conversation often present themselves. As ever, S am ever grateful for the support of Katrina (Administrator), James (Dire¢Xor of Music), Sheila (who was appointed in February 2024 as our Finance Manager and has been a great addition to the team), the Churchwardens, Officers. and the Guild Church Council. As 2024 ended V were looking forward to our Guild Church Council and Church Slaff Away day at the end of January 2025 an opportunity for us to gather as a group to discem future opportunities for our church. Sl Lawrence Jewry is a living and adive Guild Church, making neN connections and welcoming new people all the time, and it is the work of all of us to collectively build up and play our part in renewing the lrfe of the churth here. Led by the Spirit, gocxl things are sure to come throughout the next year and beyondl I wsh all 0 share in the life of St Lawren Jewry a very prosperous new year. I continue to look forward to sharing in the good things of God and each other that will come as we fulfil our mission to make His love known in the City. "In the same 4Yay, let your Iht shine before others. so that they may see your good works and give glory to your Father in heaven." (Matthew 5.16) Fr. James Trtley Guild Vicar, SL LaYffen Jewry-next-Guildhall
SL lawrence Jewry Guild Church Council structure, governance and management St Lawren is a Guild Church established under the City of London (Guild Churches) Act 1952 (hereafter referred to as Ihe Acl). It is a body corporate by virtue of $17(3) of the Act. By s29 of the Act the freehold of the Church and Churthyard was transferred to the Cty of London Corporation. The method of appointment of GCC members is set out s17{1) of the Act. All Church attendees are encouraged to register on the Electoral Roll. The Guild Church Council ('GCC') Usual rneets seven times a year. GCC meetings are subject to rules set out in a Scheme passed by the London Di0san Conference on 19th November 1957 pursuant to s18 of the Act. During the past year meetings have been hdd as far as possible in person, but also hybrid and full electronic meetings have been used. The managetnent of the charity is the responsibility of the Members of the GCC who are elected, appointed and cfropted under the tenns of the Cty of London {Guild Churches) Act 1952. The GCC set up a standing committee of fNe members, to assist in making decisions outside the times of GCC meetings. Objectives and actlvltles for the publlc benerrt Under s5(1) of the Act it is the primary purpose of a Guikj Church to serve and minister to the non- resident daytime population of the City. SL Lawrence jer¢S GCC has the responsibility under s17(2) of the Act of cooperating V*ith the Guild Vicar in the inits"ation, conduct and development of Church work in or in connection Vlryth the Guild Church. s29 of the Act declares St Lawrence JeY to be the official church of the City of London Corporation. St Lawrence Jewry is also the Ward Church of the Wards of Cheap and Bassishaw under s32 of the ACL In considering the actmties that have been undertaken this year, the GCC have paid due regard to the published Charity Commission guidance on the operation of the Public Benefit reqU1MentS of the Charities Act 2011. Financial results In November 2014 a Memorandum of Understanding ('MoU'? was signed between the GCC, The City of London Corporation and the London Diocesan Fund setting out for the first time the relative responsibilities of each party. This has plawl the finance and funding of the church on a more secure footing for the foreseeable future. This Mou was updaled in November 2023 by parties to reflect the stste of the building after a 1.5-year refurbishment, namely to include details of the annual rna1ntenan required, and it was agreed to be reviewed annually. Income & Ex enditure In 2024, the charity's overall income increased to £279.422 (£251, 119 in 2023). as it was able to have a full year of operations and, therefore, increase the income from charttable ath'vities (£20,330 vs £11,315 in 2023). The other factor that contributed for the growth of the overall income was the receipt of grants, in particular. those bestowed to the charity to pay for the acquisition of a new sound system and the installation of fibre opts'c. As a result, the surplus for the year was £75,897 (£76.357 in 2023).
St. Lawren Jewry Guild Church CnCil Reserrfes It is the policy of the GCC to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to six months of unrestrict1 expenditure. At 31 December 2024, these unrestricted reseNes of £298,669 are more than suffi'cient to support the on-going ministry of the Church. Concerns The GCC is confident that the Church will continue prospering in 2025. as many special services and music events that generate income have been booked until the end of the year, and it will keep a good control on expenditure. Responsiblllties of the Trustees and the GCC The charity trustees are responsible for prepanng a trustees. annual report and financial statements in accordan wrth applicable law and Unrted "ngdoM Accounling Standards (United Kingdom General ACpted Accounting Practice). The law applicable to charities in England and Wales requires the charty trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resou[S of the charty for that period. In preparing the financial statements, Ihe trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methcmys and principles in the applicable Charrties SORP,. make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards have been followed. subject to any material departures disdosed and explained in the finanal statements,. prepare the financial statements on the going Con[ basis unless it is inappropriate to presume that the charty will continue in business. The trustees are responsible for keepiro woper accountiro records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The tnjstees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. This report has been apwoved by the GCC on 28 April 2025 arKI suned on tts behalf by.. Fr. James Trtley Guild Vicar
St. Lawrence Jewry Guild Churth Councll INDEPENDENT EXAMINER'S REPORT to the Truslees of the SL Lawrence Jewry Guild Church Council I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Responsibllltles and basis of report As the charity's twstees, you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 ('Ihe Actl. You are sats'sfied that the account5 are not required by charity law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of St. Lavffjen Jewry Guild Church Council are not required to be audited under charrty law and a eligible for independent examination. I report in respect of my examination of the accounts carried out under section 145 of the Charities Act 2011 ("the 2011 Act.). In carrying out my examination I have followed the diTection5 by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlnerfs statement The charity's gross income exceeded £250,Th)O and l am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirm Ihat no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act: or the accounts did not accord with the accounting records. or the accounts did not compty with the accounting fequirements 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 fairf view which is not a matter considered as part of an irKlependent 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. Richard Billinghurst FCA (Senior StatLrtory Auditor) For and on behalf of Knox Cropper LLP Chartered Accountants and Statutory Auditors 65 Leadenhall Slreet Date: 0910512025 London EC3A 2AD
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St. Lawrence Jewry Guild Churth Councll BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestrkt•d G•n•Tal Designated Restricted 2024 total fu15 funds funds 2023 total funds Flxed assets Tangible assets 2.850 23, 23.396 2&246 248 4.275 4.275 Currnnt ass•ts Debtor8 Cash at bank and in hand Total cutrenl assets 4.760 139,577 144.337 10.728 333.433 344.160 152,459 232.361 384.819 11 183,220 183J37 10,636 16,486 Credltors: amounts falling due within one ygar 10 31.635 31.855 126A39 Ilet CUrta$Setl1.Iitres) 112.702 183 117 16,486 312.305 258.380 Totsl assets less rrent Ilawlilies 115.552 163.117 39.883 338.552 262.655 Tofal not assets or IlabHllies 12 115,SS2 183.117 39.883 338.552 262,655 The notes on pages 11 to 16 fomi part of these financial statements. Approved by the Trustees on 28 April 2025 and signed on their behalf by Fr. James Titley Guild Vicar Roger Chadwick, OBE Treasurer io
St. Lawrence Jewry Guild Church Council NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 1 Basis of re aration Basis of acGounts'ng These accounts have been prepared under the htstorical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordan with.. the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011. The charity constrtutes a public benefft entity as defined by FRS 102. The financial statements are presented in sterling and are rounded to the nearest pound. Going concem The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The trustees of the charity have concluded that there are no malerial uncertainties related to events or conditions that may cast signfficant doubt on the ability of the tharity to continue as a going concern. The trustees are of the opinion Ihat the charity wll have sufficient resources to meet its liabilities as they fall due. Change of accounting policy The accounts present a true and fair view and no changes have b&n made to the accounting policies adopted. Changes to accounting estimates No material changes to accounting estimates have occurred in the reporting period. 1.5. Material prioryear effl) No material prior year error has bn identified in the reporting period. li
St. Lawrence Jewry Guild Church Councll Note 2 Accountin olicies Income Recognition of income are included in the Statement of Finanrial Adivitses {'SoFA°) when.. the charty becomes entitled to the resour. rt is more likely than not that the trUstS wll receive the resources" the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities. or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SOFA when the general income recognrtion criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specrfied otherwise. Contractual income and performance related grants were only included in the SOFA On the charity has provided the related goods or Servi or met the performan related corKlitions. The value of any voluntary help r1Ve is not induded in the accounts but is described in the trustees, annual report. Income from interest is included in the a(ontS when receipt is probable and the amount re1vable can be measured accurately. Membership subscriptions recepded in the nature of a gift are recognised in Donations. Recognition of expenditure and liabilities All expenditure is accounted for on an accrual basis. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out r&sources and amount of the obligakn'on can be measured with reasonable certainty. The chariiy made no redundancy payments during the rep(Kting period. The charity has credrtors which are measured at settlement amounts less any Irade discounts. A liability is measured on recognition at rts historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. Assets Tangible fixed assets for use by the charty are capitalised rf they can be used for more than one year, and are valued at cost. tne depreclatlon rates and methods used are dlsclosecl In note 8. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount a(Jvanced by the charity. Subsequently, they a measured at the cash or other consideration expected to be e[ved. 12
SL LaWree Jewry Guild Church Council Note 3 Income Unr•striet•d General Designat•d R•strKtsd 2024 totsl funds funds funds Unrestrlcted Gèneral Dèslynated Rgstrictèd 2023 total fvnds funds funds fund5 Donicffls and 1gga¢ie Donats'ons aTrJ grfts 20,051 2.219 22,270 36,121 2,Z23 127.340 10.(LX) 1,249 41121 3,472 132,340 5,566 2,050 189,549 Grant5 hferntrw8hip donatirA Planwj giwThJ 1.48? 24.B50 174332 2,135 17T.577 135 211.214 2.0) 167.734 14815 Ch)rit8ble xtlvttkns Bem ringiro SeNce5 Totsl 140 140 11.175 11,315 19,660 19,660 19,T70 11,175 11,175 othor tradlng athltlos Cjrch leitirvJ sa of go5 Tekcorn Rt Veryer F Tolal 10,748 836 21,951 10,83B 15.850 70 rJ.424 2.215 41. 15,850 70 2V24 1216 41.5S9 170 21,951 36.175 36.435 Ineomk from Interest Iorne Tot•1 7,529 7,529 991 991 11M42 8.696 8.696 1922 Oth•r Incorn 955 Totslincom• 17.247 24e41 422 230.119 11955 252,074 Note 4 Government rants The charity reiVed a local govemment grant of £137,217 in 2024 (£123.475 in 2023). Note 5 nditure Unrn5tri¢t•d Genernl DMwJnat•d R¢8trtsd X124 trtsl G¢nero1 Deslgrwted R•strki•d 2023 tot•1 lund8 lund5 lunds funds lund funds fund Exp8ndltur• on charltabfe •rtivitivs: Mni5Wy Staff Bar& Other Charges 91.363 34.220 156 6.803 1.5 14.7831 3.723 3.450 16. 5.941 5.185 10.172 751 91J63 ,987 116 Donatio ghen Fat.J, Wator ght Fb5Vta hNJepenclent ExamirEr ointenance Js Office, Tetekore & htemEt Professmal & other fe85 Vestry & V(the8 Vrwage c(6ts DepreuKn Total •xp•nditure on chwitable actlvlli 213 4.401 213 4.401 4620 8.e62 4nJ 1450 24,018 4161 2,434 220 17 5,751 198 9.fiJ8 1.425 2.127 1A26 181961 In7 17147 21)3,52S 1742a 174717 Totsl expenditur• 182.961 1717 17W 204625 173.269 1398 175.717 13
St. Lawrence Jewry Guild Church Coundl Note 6 Paid em lo ees 2024 2023 Salaries wages Social security costs Pension costs Totalstaff costs 30.179 3.178 32.970 3,117 220 36,987 No ernployees received employee benefits (exduding employer pension costs) for the reporting period of more than £60.0(K) and none were considered key management. The charitys average head count was 1. There were no ex-gratia payments to employees and others (excluding trustees) and no redundancy or temiination payment was made in the period. Note 7 Defined contribution ension The charity assesses each employee for eligibilty as a jobholder under the autonrolment system. Any eligible jobholders are autonrolled to a group money purchase defined contribution pension scheme. The assets of the scheme are held separately from those of the charrty in an independently administered fund. The pension cost represents the contribub'ons payable under the scheme by the charity and the charity has no further liability other than the payment of those contributions and the jobholder is responsible for their own pension fvnd with the pension administrators. Note 8 Ta ible fixed assets Fixiures, frttingl and 2024 Totsl 2023 Total equlwrnni Coyt the beginn1r of th8 year P4JditKJns At end of the year Depreciation Pl begnning of year Depreciab'on At end of the year 5,7Crf) 5,7 25.623 31,223 31.223 5,700 1.425 3.552 4.9TI 1h25 3.552 4977 1.425 Net Book Value Nel book value at the iwinni ofthe ye8r r¥ bcd< Wak atthe end ofthe 4.275 4275 427 Equipment over £5,000 is capitalised at historic cost and depreciated on a straight-line basis over at 250h per annum. Nole 9 Debtors and ents 2024 2023 Trade debtors Prepayments Other debtors Total 9.672 370 685 10,728 148,986 152A59 14
St. Lawrence Jewry Guild Church Council Note 10 Creditors Amounts falllng due withln one year 2024 2023 Trade creditors P£cruals and Deferred kncoThE Other credrtors Totsl 5,024 104.358 26,391 21.840 440 240 31,855 126,439 The movement of the deferred income account was as follows: 2024 Balance at the start of the ports"ng period AJrounls added in current period Arnunts leaSe to Incon from previous periods Balance at the end of the reporting period 148.943 148,018 925 Note 11 Cash at bank and in b.and 2024 2023 Short term cash investn*nts Cash al bank and on hand Total 168.333 64.028 232.361 30,1 CKI 333.433 Note 12 Charit funds 2024 Fund balance brought Fund b•lances carried Expenditur Incon TMsfer Unre5tricted- Gerwal Fund Destgnated - Bells Fund Designated- Fatff Fund Designated- Friends FLnd Designated- Instrumw Designated- Reser¥Es R8Strthd - Clock Fund Restricted- Fabr Fund Restrted- SiC 1nStmmts Restrted- Vestsn&)ts 62.263 236,334 1.632 182.1 2,434 (84) 115,552 {662) 9,899 70.628 1.716 101.536 9,456 61.919 8,770 1,854 4,547 61 96,989 528 13,854 12.5L 528 12.318 25255 26.790 13,092 261655 279.422 203,52S 338,$52 Designated Funds The Fabric Fund has been set up to cover future repairs arKI rna1ntenan costs that the charity may incur. The Clock Fund and the Bell Fund are to be used to repair the clock and the bells, respectively, whilst the Music Instruments fund will allow repairs or the refurbishment of the piano or organ. The memberships of the Friends of the St Lawren Jffj used to be shown in the accounts as part of the Unrestricted Funds, but to have more transparency, the GCC has decided to keep those on a separate fund. 15
St. Lawrence Jewry Guild Churth Council The Reserves Fund allow the GCC to keep, in a separate account. funds that will only be used as a last resource. It is the intenkn'on that those funds Vlill cover at least 6 months of annual running costs, and at the end of the year they covered 6.0 rnorrths of 2024 actual expenditure. Restricted Funds The Fabric Fund and Ihe Music Instruments Fund will trElp the GCC meet the cost of repairs to the fabric of the church and to the refurbishmenl of the piano or organ. respectrvely. Included within the Fabric Fund is the net book value of the sound system purchased in the year. The depreciation on the sound system will be charged against this fund. The Vestments Fund was used for the repair or purchase of chasubles or stoles thanks to a £5k grant received in 2023. The Clock Fund has been used to repair the clod(. Fund balance brought forrd Fund balances carrled forward Inco Expondlture Transfer Unrestricted- General FurKI Designated - Bells FuThl Designated - Fabric Fund Designated- Friends Fund Designated - Reserves Restricted - Clock Fund ReStrted - Fabn"c FLnJ Restrictl- Music hstruments Restricted- Vestments 154,632 230,119 140 173.259 (149,229) 61263 140 16.793 17,337) 55.164 ,989 6.815 61,919 96,989 628 13.854 12.506 5.000 262,655 2,398 6,928 12.5C6 186. 252,074 17&717 Nole 13 Transactions with trustees and related arties The charity is part of the Diocese of London, arKI, therefore, material interdependencies between the Church and Ihe DI0Se arise as a Consequen of this relationship. For reporting purposes. the charity and Diocese are not treated as related parties as defined in FRS 102. In accordance with the Guild Churches Act 1952. the following are Church Council Members and are also elected members of the City of London Corporation: 1. Tim H8ile5. Aldennan of Bassishaw Ward 2. Robert Hughes-Penney. Aiderman of Cheap Ward 3. lan Seaton, MBE 4. James StJohn Davis 5. Gregory Jones, KC Alderman of Farringdon Wrthout Ward & Sherrff 6. Edward Lord, OBE During the year ended 31 December 2024, the Churth 1Ved grants totalling £137,217 (£123,475 in 2023) from the City of London Corporation. HovVer, a credrtor of £9,611 (£15.491 in 2023) was due to the City of London at thal date in resped of Maintenan and salary costs initially paid by the City of London and that were reimbursed by the Church in January 2025. No trustees. expenses for fulfilling their duties have been incurred this year and the pdIng year. Costs relating to church business of £478 We lbUrsed to one trustee. 16