2024-12-31-accounts - The Parochial Church Council Of The Parish Of St Laurence

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WE ARE
Living to see unchurched young people come to faith
and be shaped as church together with them
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REPORT OF THE TRUSTEES Year Ended 31 December 2024

St Laurence Church In Reading

Year Ended 31st December 2024

Contents Page

	Page
Legal and Administrative Information	1
Trustee's Annual Report	2
Independent Examiners Report	15
Statement of Financial Activities	16
Statement of Financial Position	17
Notes to the Financial Statements	18

St Laurence Church In Reading

Year Ended 31st December 2024

Legal and Administrative Information

Reference

The Charity is called “The Parochial Church Council Of The Parish Of St Laurence” which is also known as St Laurence Church In Reading and is registered with the Charity Commission for England and Wales.

Registered Charity Number 1165174 Registered Office Saint Laurence Church Friar Street Reading RG1 1DA Postal Address St. Laurence Church C/O St Mary's house Chain Street Reading RG1 2HX

The Trustees

PCC members who have served from 1 January 2024 until the date this report was approved are:

Clergy: Rev Christopher Jones (Vicar) Wardens: Lee Smith Naomi Brown Elected members: Ben Blackledge Re-elected 21st April 2024 Shanthi Augustus Casey Byrne Chris Holmes (Treasurer) Resigned 21st April 2024 Secretary Amy Vaughan Primary Bankers Lloyds TSB Market Place Reading RG1 2EQ Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds, LS25 1AF

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 2019).

AIM AND PURPOSES

Saint Laurence Parochial Church Council (PCC) is a charity registered with the Charities Commission (registration number 1165174). The PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. The PCC is also specifically responsible for the maintenance of the Church Building, Friar Street, Reading.

Saint Laurence Church In Reading

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Trustee's Annual Report

OBJECTIVES AND ACTIVITIES

The church has existed for nearly 900 years, but in February 2001, the particular focus on young people was initiated. As a town centre church, the Deanery charged Saint Laurence with a particular vision to see young people come to faith and build new forms of church with them.

As well as serving the young people of Reading, we also have a multigenerational congregation that meets for worship on a Sunday afternoon. Our services, worship, and activities seek to put faith into practice our mission and values. Our aim is to enable the whole community to grow as we believe that as God’s people, we are called together for a purpose. Our purpose is defined by our values (what makes us who we are) and our vision.

WE ARE LIVING TO SEE UNCHURCHED YOUNG PEOPLE COME TO FAITH AND BE SHAPED AS CHURCH TOGETHER WITH THEM

Our services and activities put faith into practice our values and have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through

· Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.

· Provision of pastoral care for people who are part of the church community

· Mission and outreach work, particularly amongst young people

To facilitate this work, it is important that we maintain the fabric of the Church building of Saint Laurence.

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Vicars Report

This past year has been one of excitement, growth, and deepening faith as we continue to build our church community around the foundations that shape who we are . Our vision remains clear: to see unchurched young people come to faith and to journey with them as we shaped as church together . Through worship, discipleship, and mission, we have seen God at work among us in incredible ways.

LOVING CONCERN

At the heart of our community is a loving concern for others —particularly for young people who may not yet know Jesus. As a church, we continue to share God’s heart for those He is calling to Himself , creating a space where all can belong, be heard, and experience His love in action. Whether through pastoral care, outreach, or simply walking alongside one another in everyday life, this loving concern is what defines us.

SPIRIT-LED

We are a church that believes in the transformative power of the Holy Spirit . This year, we have been intentional about making space for the Spirit to move , not only in our services but in our daily lives. We have seen people experience renewal, healing, and fresh encounters with God, and we continue to invite Him to shape, guide, and empower us as we step forward in faith.

SHARING FAITH

One of the greatest joys of the past year has been seeing people come to faith and grow in their journey with Jesus . We are committed to being a witnessing community , boldly affirming the truth of His story in our lives. This year, we have celebrated baptisms , marking life-changing commitments to Jesus, and we continue to offer opportunities for people to explore and deepen their faith .

WHOLEHEARTED WORSHIP

Everything we do is rooted in our love for Jesus— worshipping the Father, through the Son, in the power of the Holy Spirit . We have seen the value of shared discipleship , where we grow together, challenge one another, and stand side by side in faith. As we look ahead, we remain committed to creating spaces where people can ask questions, encounter God, and take steps of faith in a welcoming and authentic way .

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

A PERSONAL THANK YOU

I want to express my deepest gratitude for the patience, prayers, and loving concern you have shown to me and my family over the past year. Your support has been a source of strength and inspiration , and I do not take for granted the privilege of serving as your vicar.

As we step into the future together, I am filled with faith and excitement for what God has — in store. May we continue to love deeply, live by the Spirit, and share our faith boldly trusting that He is leading us into even greater things. With love and thanksgiving,

Chris

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

PCC Report

The PCC (Parochial Church Council) plays a vital role in shaping the life of our church, making key decisions on matters that impact our community, from financial stewardship to ministry direction. At its heart, the PCC exists to prayerfully and wisely guide the church, ensuring we continue to grow, serve, and fulfil our mission.

Over the past year, our PCC has been led by Chris Jones (Chair), with Naomi Brown (Churchwarden and Deanery Synod rep until February 2025) and Lee Smith serving as churchwardens. Our elected members have been Ben Blackledge, Shanthi Augustus, and Casey Byrne, each bringing valuable insight and dedication to our discussions.

A key area for the coming year is recruiting a church treasurer, as this position is currently vacant. We seek someone with a heart for stewardship and financial oversight to help us manage our resources wisely.

In 2024, the PCC held four main meetings, in addition to our Annual General Meeting, with extra meetings called as needed. The PCC and the vicar have been responsible for setting budgets, approving policies, and making staffing decisions, including recruiting a new youth worker. We’ve also heard and supported reports from various church ministry teams, ensuring our community continues flourishing.

As we look ahead, we remain committed to making prayerful, strategic decisions that enable our church to thrive. Thank you to everyone who has contributed their time, wisdom, and dedication to this vital work.

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Dearnery Synod

The Deanery Synod brings together representatives from all the Anglican churches across Reading. Over the past year, we met five times, focusing particularly on two key issues: how we engage with children and young people, and how we handle our parish share.

In 2024, Naomi Brown stepped down from her role as our Deanery Synod representative. I want to express my heartfelt thanks to Naomi for her dedication and faithful service in this role.

As your vicar, I attended most of the Synod meetings during 2023/24 and was also involved in a committee committed to supporting work with children and young people— this initiative was known as the Reading Youth Axis. While this project had strong support within the Deanery, sadly, it did not receive the necessary backing from the Diocese and therefore wasn’t able to move forward.

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Churchwardens Report

The churchwardens are elected annually and are expected to serve for between 3 and 5 years in the role. The role has many aspects, key elements are to represent the views of the church community and to support Chris as vicar. The churchwardens also have responsibility for the building, finances and policy and procedures.

To inform our work to deliver these elements of our role, through 2024 we have:

Actively served within a range of teams in supporting the life and mission of Saint Laurence and to ensure a current understanding of practices and issues faced in delivering its work.
Through this year the churchwardens have been part of the PCC, Fabric committee, Safeguarding committee, Deanery Synod, FUEL team, YWA team, Childrens work team, one2one mentoring and facilitating young people small groups.
Aimed to be visible, present, approachable and - where necessary - proactive in capturing views, encouragement and concerns in relation to any aspect of life within the Saint Laurence community. On this basis, thank you to those who have approached us over the past year with comments and concerns. We hope that we have responded to you appropriately and have satisfactorily detailed the action. If you have any concerns or comments, please do continue to approach the churchwardens for a confidential conversation.
Sought to dispense a duty of care for Chris as ordained minister at Saint Laurence. Through this year we have continued to meet 6 times a year as a leadership team in addition to an annual awayday at Douai Abbey. These meetings have enabled us to listen to Chris’ vision and direction for the church, review progress, offer strategic advice, pray for the Saint Laurence community and to ensure support and accountability for any matters raised.
Met regularly with all staff members to ensure that they are supported and encouraged in their work and to inform strategic and operational decisions and plans where possible and helpful.

During 2024 these approaches have hopefully helped to ensure a positive working

environment, supported the mission of the church and contributed to a dynamic and loving community at Saint Laurence. Examples have included leading engagement and decisions

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around Saint Laurence’s position in response to the Church of England’s Living in Love and Faith (LLF), supported decisions and planning to maximise our provision of access to New Wine festival, and sought ways to help address the challenges of delivering children’s work given limited volunteers.

We are thankful for all that God has done in the life of Saint Laurence within 2024 and look forward to the remainder of 2025 with hope for God’s community here. As Naomi steps down from her role as Churchwarden in 2025 after a number of years - and a vacancy - I’d like to offer my thanks to Naomi for generously offering her time, wisdom and energy in serving and steering this community, it’s been a pleasure working alongside you ‘Warden 1’.

Lee and Naomi

Churchwardens

Church Finances

2024 was a good year for the finances of Saint Laurence. Although regular giving has gone down in the previous year and costs have risen, the church accounts are positive and in line with the PCC budget. Notably, the financial year ended with a surplus of £10,841 before investment gains and losses. We are deeply grateful for the generosity of those who give financially to the life of our church. Your support enables us to continue our mission, and we remain committed to stewarding these resources wisely —investing in what matters most and ensuring that every pound is used effectively to serve our community.

A Challenging Financial Landscape

Like many individuals and organizations, 2024/25 has been a financially challenging year . Rising costs have placed increased pressure on our budget, making it more difficult to balance our income and outgoings. However, despite these challenges, we have remained faithful to our vision —keeping our youth work as our highest priority and ensuring we continue to invest in the next generation.

Investing in People

One of the biggest financial commitments we made this year was to increase staff salaries , recognising the importance of fairly supporting those who serve our church. In addition, we took the significant step of bringing on a new staff member , with the support of Oxford Diocese , to strengthen our ministry further. These decisions reflect our belief that investing in people—both our team and the young people we serve—is at the heart of our mission.

Where We Stand Now

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Thanks to careful budgeting, we were able achieve a small reduction in our general funds carried forward at the end of the year, which is an encouraging position given the challenges we faced. However, we are seeing a decline in giving and rental income , which means that moving forward, we must find ways to bridge the gap between our income and our growing costs .

How You Can Help

If you are already giving— thank you . Your generosity is what enables this church to thrive. If you are not yet giving regularly, we invite you to prayerfully consider how you might be able to support the church financially . Every contribution, no matter the size, makes a difference.

At the year-end, the total funds held by the church were £258,511, which were made up of £121,643 unrestricted £110,841 restricted and £26,027 in endowments. For a full breakdown of our finances, our 2024/25 financial report is available in our accounts , but below, you’ll find a summary of the key figures. Together, we can ensure that Saint Laurence continues to grow, serve, and make an impact in the lives of young people and beyond . Thank you for being part of this journey with us.

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Safeguarding Report

Introduction

The PCC along with Chris, as Vicar have a duty of care to ensure that the vulnerable within our community are protected. In terms of safeguarding, we have a designated, experienced, and appropriately trained parish safeguarding officer (PSO). The PSO is responsible for writing and reviewing safeguarding policies, risk assessments, and is the first point of contact for any safeguarding concerns. Records of policies, procedures and annual updates are maintained on the central Parish Dashboard system which is audited by the Diocese. We are currently fully compliant with regards to paperwork. The current PSO is Naomi Brown naomi@stlreading.org

Safer recruitment

All people who kindly volunteers their time to serve at Saint Laurence must undergo the Oxford Diocese Safer Recruitment Process, this includes discussion with a staff member, provision of references, DBS check and Safeguarding training. Safeguarding training must be updated every 3 years. The parish safeguarding officer (PSO) is responsible for monitoring this alongside the staff team.

Those subscribed to the DBS update service will be updated automatically on an annual basis. All others will require a 3 yearly update. We reserve the right to check statuses more often.

Any adult attending the New Wine United conference and camping with Saint Laurence, must have undergone DBS and Safeguarding training. The PSO is responsible for monitoring this alongside the staff team.

There are currently 27 volunteers who are safely recruited and can serve at events. Anyone who is not safely recruited who offers to serve at events unfortunately will not be able to do so until recruitment process completed.

Safeguarding polices

These are reviewed and updated annually then approved by the PCC. The latest version was approved on 11th Feb 2025. Copies can be found on the Website and were also emailed to all people on the electoral role. If you have any questions about the polices or think there should be additional elements to the policies, please do let us know.

Risk assessments

The PCC are required to ensure that an 'activity risk assessment' is completed and reviewed regularly for each activity, which is associated with either children or vulnerable adults, and run in the name of the Church. This are reviewed on an annual basis.

There is risk assessments for each activity involving young people available on request.

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Safeguarding incidents

Any safeguarding concerns are recorded on a safeguarding concern form and a conversation with the PSO within 24 hours. Actions taken and next steps are recorded and saved in a secure location where only the PSO and Vicar have access.

There have been no major safeguarding incidents in the past year, no cases escalated to the Diocese Safeguarding team, nor to the Police.

Summary

Our highest priority is that we work together to keep people safe. This is everyone’s responsibility. We ask that you familiarise yourselves with the polices and apply them in practice, keeping an eye on those we know, and don’t know within our building and at our activities. If you have any concerns, please contact me or Chris to discuss.

Thanks to all who have updated their DBS and undertaken safeguarding training within a timely manner this past year.

Training record of PSO:

Diocese of Oxford Basic Safeguarding Training. Last update: January 2025

Diocese of Oxford Foundation Safeguarding Training. Last update: January 2025

Diocese of Oxford Leadership Safeguarding Training course 2022.

NHS MAST Safeguarding Children level 2. Last update: May 2024

NHS MAST Safeguarding Adults level 2. Last update: January 2025

NHS MAST - Preventing Radicalisation - Basic Prevent Awareness. Last update: January 2025

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Youth Work Report

Another year of youth ministry at Saint Laurence has been and gone, and what a year it’s been!

In 2024 we continued and completed our first full year of running Soulscape’s Lounge with Year 7s at Blessed Hugh Faringdon School. It has been so much fun getting to know these young people on their turf, playing games with them, hearing their stories and being there for them through their first year at secondary school. We’ve seen new friendships forming, confidence growing, anxiety decreasing, lots of laughter, some tears, fallouts and make ups, a LOT of Uno, blu tac theft and much more! We’ve also built strong and really positive relationships with pastoral staff, the teacher who lends us his classroom every week and the school chaplain, we even get nods and smiles from teachers when we’re wandering the corridors! These good connections have been such a blessing and have been very instrumental in us continuing to build on the work we are doing in this school. In September we continued meeting with this group of (now Year 8) students on Wednesdays and also started our new Lounge with Year 7s on Mondays. We’re enjoying getting to know these younger ones and seeing the differences between them and their slightly older peers and look forward to seeing relationships develop as 2025 progresses.

Monday Club has grown from strength to strength through 2024. We’ve continued to see young people we are getting to know in school come through to join us at Saint Laurence which we are hugely encouraged by. There is a definite sense of these newer young people feeling very at home and confident in this space which is exactly what we hope for. Monday evenings continue to be a place where young people can land with whatever has been going on for them, with whatever emotions they are carrying, find the support, listening ear or opportunity to blow off steam that they need.

We spent another two weekends with our young people at Oakwood Centre in Bracknell in February and October of 2024. These have always been, were in 2024, and continue to be highlights of the year. It’s actually a little bit tricky to put accurate words to how joyful, special and meaningful it is to be able to spend this kind of time with our young people. It is a total privilege to have weekends of worship, teaching, prayer, ministry and a lot of total chaos as we seek Jesus together. This year we spent time exploring Authenticity and Faith in Action and saw the work of God in lives again and again.

Saint Laurence Church In Reading

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Trustee's Annual Report

In our young people’s small group, we have continued to explore God’s Word together, often wrestling (and sometimes arguing!) about what He has for us. Towards the end of the year we picked up on the fantastic Masterpiece series that Chris put together for the church and talked through some of the outworking of this with our young people. We have had a couple of new members join us this year which is incredibly encouraging and their presence has been so valuable as we continue to grow in confidence to question and learn about the story of our faith together.

Towards the end of the academic year in 2024, we ran a series of Exploring Baptism sessions open to any young people who were interested in finding out more about what baptism is and whether it could be the next step for them. The time we spent working through content and the things it brought up as a group and in other individual conversations with young people was wonderful. If you want a fresh perspective on something in your faith, just find a young person and ask them what they think! It has been a joy to journey this through with young people and to continue the conversation as and when new questions and thoughts arise.

In the summer of 2024 we set off for New Wine once more and had a wonderful time of deepening relationships, growing in faith and loving Jesus together. There is something really special about spending a whole week together as a family laughing with and learning from each other.

In September 2024 we FINALLY had the answer to years worth of prayer and hoping that we’d all been waiting for… a new youth worker joined the team! Andrew came on board for the start of the new academic year and has thrown himself, with bucket loads of enthusiasm, into everything that youth ministry at Saint Laurence entails. It’s been a joy (and a bit of a relief!) to expand the team and here are some thoughts from him on his first term:

‘I was only at St. Laurence for 4 months in 2025 but it’s been an incredible journey so far. Megan has been amazing at showing me the ropes, and I’ve really enjoyed getting to know our young people through Sundays, small group, schools work and Monday Club.

The October weekend away was a perfect time to build friendships, especially with the fun from Jack’s quiz that truly brought everyone together. I’ve loved seeing the energy at Monday Club each week, where I’ve had the chance to connect with our young people through engaging conversations!

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December was also a standout for me as I witnessed our young people step up during the carol service, handling responsibilities with grace and putting on an amazing performance that I think really showed how amazing they are and their commitment to church.

On top of that, going into schools on Mondays and Wednesdays has been refreshing, with the fact we seen new faces each week.

Looking ahead, I’m really excited about New Wine this summer. I’ve heard a lot of good things from all of the young people and I’m eager to help guide our young people through their respective faith journeys and also see what new faces we will meet in 2025.’

After our Exploring Baptism sessions, we had a group of girls who decided that God was asking them to take this next step and be baptised. A fond memory of this time was talking to one of these young people about baptism, gradually working up to asking them if they wanted to be baptised and getting the response ‘Well, yes, obviously.’ - that’s the kind of assurance of faith we could all aspire to! Talking them through this time, working on their testimonies together and seeing their processing is an absolute honour. In particular, hearing young people share their journeys of faith in front of friends and family in church and make public declarations of their individual desires to follow Jesus and live their lives in step with Him has been and will remain a highlight of my life!

A particular highlight of Christmas 2024 was the first partnering of a Saint Laurence Experience and the Blessed Hugh Faringdon Chaplaincy. The school have a Chaplaincy in Action group that meets regularly and is involved in running faith engagement opportunities for the school. After much conversation and trying to arrange something, we were able to host this group for their own Saint Laurence Nativity Experience. This was a great time of journeying through the nativity with secondary aged students, encouraging them to put themselves into the shoes of those in the story and reflect on what it all might mean for them. The school chaplain was very impressed and we hope that this might be the first of many opportunities for partnership.

As always, it’s been a fab year. We are enormously grateful, in particular, to all the church adults who continue to give time, energy and emotion to the things of our work with young people. We actually could not do it without you, you are so valued. If anything you’ve read here or have heard at Saint Laurence interests or inspires you to see how you might be able to involve yourself in ministry, we would be thrilled to hear from you!

We’re really excited to see what and who God has in store for us this year!

Saint Laurence Church In Reading

Year Ended 31st December 2024

Trustee's Annual Report

Fabric Report

Saint Laurence are fortunate to call the beautiful Church building of Saint Laurence our home. The building is a Grade 1 listed building built in the 12th Century which brings it’s own challenges. It continues to play an active role in the community, towards Saint Laurence’s vision mentioned above and for local activity groups and other building hirers.

Achievements during 2025

Maintenance
Adhering to annual legal requirements
RES fire recommendations to remain compliant
Tendering and assigning new Architect which helps to support future projects
EIRC remedials
Kitchen
Sand and varnished kitchen counter
Resealing top
Fixed underfloor heating leak and area safe
Fixed cupboard pan drawer and removed fake handles
Nave
Identified and repaired underfloor heating leaks
Repaired and varnished floor
Thermostatic controls to improve control over heating
Rerouted audio cables
Chancel and Chapel
Paint analysis
Accessibility ramp installation
Other
Implemented new structure for saving requirements and tracking progress
Energy Audit for improving heating

Saint Laurence Church In Reading

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Trustee's Annual Report

Looking forward

As a listed building, we face often unique challenges which require specialised works and approval in the form of a Faculty to the Diocese. Some notable projects include:

Chapel and Chancel redecoration is delayed due to new roof leaks which has been hampered by challenges with contractors
Vision to make good the kitchen (sink, reinstate kitchen cupboard and replace broken oven and hobs)
Boilers and heating is unreliable and an assessment by the manufacturer has been arranged
Ongoing legal obligations and Quinquennial Priorities to prioritise as appropriate

The Fabric team, consisting of Lee Smith, Chris Jones, Steve Gibson. Leon Augustus and Amy Vaughan met 3 times during 2024 and are regularly consulted via email.

Thank you to the team members for their guidance during the last year. Maintaining a Grade 1 listed building is often a challenge but the rewards is seeing it used so actively by the Church, Hirers and the community.

Investment Performance

The endowment funds are invested with the Investment Fund of the Central Board of Finance of the Church of England. Details on performance are outlined in Note 3 in the Notes to the Financial Statements.

Reserves

The PCC of Saint Laurence holds a working reserve in the event of financial difficulty.

The church also continues to hold a sizable reserve with the Saint Laurence Church Lands Trust & St Laurence Ecclesiastical Charity, which continues to have over (Dec 2021) allocated for the ongoing ministry of St Laurence. In 2014, the PCC decided that these funds should be utilised as a reserve fund. In light of these available resources, it is our policy to hold our Bequest investments with the CBF Church of England Investment Fund,

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Trustee's Annual Report

allowing them to determine how the money is best invested and keeping all other resources available in readily available and accessible commercial banking accounts.

Organisational Structure; Recruitment, Appointment, And Induction Of New Trustee

Saint Laurence Parochial Church Council (PCC) is a charity registered with the Charities Commission (registration number 1165174). The Parochial Church Council is a corporate body established by the Church of England.

The PCC operates under the Parochial Church Council Powers Measure.

The method of appointment of PCC members is set out in the Church Representation Rules. At Saint Laurence, the membership of the PCC consists of the clergy, churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who regularly attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

Trustee meetings were held six times in the year, including the Annual General Meeting, supplemented by any extraordinary meetings as and when required.

Risk Management

The trustees acknowledge their responsibility to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by the Trustees of St Laurence Church In Reading

Name of Trustee:

Chris Jones

Signed on behalf of the Trustees:

Date of approval:

14/05/2025

St Laurence Church In Reading

Year Ended 31st December 2024

Independent Examiners Report

I report to the trustees on my examination of the financial statements of The Parochial Church Council Of The Parish Of St Laurence ('the charity') for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nigel Wyatt BSC FCA Date: 14/05/2025 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF

St Laurence Church In Reading

Year Ended 31st December 2024

Statement of Financial Activities

			2024			2023
		Unrestricted	Endowment	Restricted	Total	Total
		Funds	Funds	Funds	Funds	Funds
	Note	£	£	£	£	£
Income
Donations and legacies		50,821	-	85,705	136,526	104,189
Charitable activities		5,735	-	-	5,735	4,017
Activities for generating income		11,834	-	-	11,834	13,893
Investment income		1,623	505	1,730	3,858	3,227
Other income		38,871	-	-	38,871	-
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total Income	2	108,884	505	87,435	196,824	125,326
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Expenditure
Expenditure on charitable activities	3	96,005	-	80,434	176,439	118,091
Governance costs	4	2,109	-	7,435	9,544	8,759
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total Expenditure		98,114	-	87,869	185,983	126,850
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Net Income / (Expenditure) Before Gains/(Loses)		10,770	505	(434)	10,841	(1,524)
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Gain/(Loss) on investment	10	-	417	1,149	1,566	6,924
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Net Income / (Expenditure)		10,770	922	715	12,407	5,400
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Net Income and Net Movement in Funds
Total funds brought forward	13	124,338	25,105	96,661	246,104	240,704
Transfers	13	(13,465)	-	13,465	-	-
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total Funds Carried Forward	13	121,643	26,027	110,841	258,511	246,104
		`──────────`	`──────────`	`──────────`	`──────────`	`──────────`

All income and expenditure derive from continuing activities.

St Laurence Church In Reading

Year Ended 31st December 2024

Statement of Financial Position

Statement of Financial Position
		2024	2023
	Note	£	£
Fixed Assets
Tangible fixed assets	9	10,330	10,157
Investments	10	82,080	80,513
Current Assets
Debtors	11	36,880	35,028
Cash at bank and in hand		132,302	124,749
		`──────────`	`──────────`
		169,182	159,777
Creditors: amounts falling due within one year	12	3,081	4,343
		`──────────`	`──────────`
Net Current Assets		166,101	155,434
		`──────────`	`──────────`
Total Assets Less Current Liabilities		258,511	246,104
		`──────────`	`──────────`
Net Assets	14	258,511	246,104
		`──────────`	`──────────`
Funds of the Charity
Restricted funds		110,841	96,661
Endowment funds	13	26,027	25,105
Unrestricted funds		121,643	124,338
		`──────────`	`──────────`
Total Charity Funds		258,511	246,104
		`──────────`	`──────────`

Trustees Responsibilities

These financial statements were approved by the board of trustees and authorised for issue :

Chris Jones Name of Trustee: ─────────────────────────────────────────────────── Signed on Behalf of the Trustees: ─────────────────────────────────────────────────── Date of Approval: 14/05/2025

14/05/2025

───────────────────────────────────────────────────

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Basis of Preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Fund Accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often known as a ‘special offering’ in the church.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.

• Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).

• Donated services and facilities are included at the value to the charity where this can be quantified.

• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustee's annual report.

• Investment Income is included in the accounts when receivable.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Liability Recognition

Abilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Tangible Fixed Assets

All assets costing more than £750 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over the estimated useful life of the asset.

Fixtures fittings and equipment Between 3 and 5 years

Consecrated and beneficed property, including St Saviour’s Church Centre, is excluded from the accounts by S10(2)(c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Operating Leases

Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Critical Accounting Estimates and Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

2 Analysis of Income

Analysis of Income
	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2024
	£	£	£	£
Donations and Legacies
Donations	37,823	-	-	37,823
Gift aid	8,952	-	-	8,952
Grants	4,046	-	85,705	89,751
	`──────────`	`──────────`	`──────────`	`──────────`
	50,821	-	85,705	136,526
Charitable Activities
Church activity contributions	5,735	-	-	5,735
	`──────────`	`──────────`	`──────────`	`──────────`
	5,735	-	-	5,735
Activities for Generating Income
Building lettings	11,834	-	-	11,834
	`──────────`	`──────────`	`──────────`	`──────────`
	11,834	-	-	11,834
Investment Income
Investment portfolio income	-	486	1,730	2,216
Bank interest	1,623	19	-	1,642
	`──────────`	`──────────`	`──────────`	`──────────`
	1,623	505	1,730	3,858
Other Income
Insurance payments	38,871	-	-	38,871
	`──────────`	`──────────`	`──────────`	`──────────`
	38,871	-	-	38,871
	`──────────`	`──────────`	`──────────`	`──────────`
Total Income	108,884	505	87,435	196,824
	`──────────`	`──────────`	`──────────`	`──────────`

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

2 Analysis of Income (Continued)

*Analysis of Income(Continued)***
	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2023
	£	£	£	£
Donations and legacies
Donations	59,714	-	3,000	62,714
Gift aid	11,475	-	-	11,475
Grants	-	-	30,000	30,000
	`──────────`	`──────────`	`──────────`	`──────────`
	71,189	-	33,000	104,189
Charitable activities
Church activity contributions	4,017	-	-	4,017
	`──────────`	`──────────`	`──────────`	`──────────`
	4,017	-	-	4,017
Activities for generating income
Building lettings	13,893	-	-	13,893
	`──────────`	`──────────`	`──────────`	`──────────`
	13,893	-	-	13,893
Investment Income
Investment portfolio income	-	479	1,703	2,182
Bank interest	1,026	19	-	1,045
	`──────────`	`──────────`	`──────────`	`──────────`
	1,026	498	1,703	3,227
Other Income
Insurance payments	-	-	-	-
	`──────────`	`──────────`	`──────────`	`──────────`
	-	-	-	-
	`──────────`	`──────────`	`──────────`	`──────────`
Total Income	90,125	498	34,703	125,326
	`──────────`	`──────────`	`──────────`	`──────────`

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

3 Expenditure on charitable activities by fund type

	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2024
	£	£	£	£
Administrative office & support costs	3,597	-	1,951	5,548
Building maintenance and running costs	25,282	-	66,624	91,906
Church activities	11,352	-	1,132	12,484
Staffing employment costs	41,165	-	10,727	51,892
Staffing expenses	3,517	-	-	3,517
Youth and children's work activities	11,092	-	-	11,092
	`──────────`	`──────────`	`──────────`	`──────────`
	96,005	-	80,434	176,439
	`──────────`	`──────────`	`──────────`	`──────────`

In 2024 £3,200 was paid by the PCC for the parish share to the Diocese of Oxford with the remained being paid by the St Laurence Ecclesiastical Charities.

	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2023
	£	£	£	£
Administrative office & support costs	4,272	-	1,098	5,370
Building maintenance and running costs	24,422	-	18,646	43,068
Church activities	4,916	-	5,304	10,220
Staffing employment costs	38,554	-	-	38,554
Staffing expenses	5,108	-	-	5,108
Youth and children's work activities	15,771	-	-	15,771
	`──────────`	`──────────`	`──────────`	`──────────`
	93,043	-	25,048	118,091
	`──────────`	`──────────`	`──────────`	`──────────`

In 2023 the parish share was paid to the Diocese of Oxford in full by the St Laurence Ecclesiastical Charities.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

4 Governance Costs

Governance Costs
	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2024
	£	£	£	£
Insurance costs	-	-	7,435	7,435
Legal & professional fees	2,109	-	-	2,109
	`──────────`	`──────────`	`──────────`	`──────────`
	2,109	-	7,435	9,544
	`──────────`	`──────────`	`──────────`	`──────────`
	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2023
	£	£	£	£
Insurance costs	-	-	7,147	7,147
Legal & professional fees	1,612	-	-	1,612
	`──────────`	`──────────`	`──────────`	`──────────`
	1,612	-	7,147	8,759
	`──────────`	`──────────`	`──────────`	`──────────`

5 Volunteers

The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.

6 Independent Examination Fees

Fees payable to the independent examiner for

Independent Examination Fees Fees payable to the independent examiner for
	2024	2023
	£	£
Independent examination and preparation of the financial statements	1,438	1,440

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

7 Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	42,671	35,733
Social security costs	-	-
Employer contributions to pension plans	2,125	1,211
	`──────────`	`──────────`
	44,796	36,944
	`──────────`	`──────────`

The average headcount of employees during the year was as follows:

	2024	2023
Average Headcount	2	2

No employee received employee benefits of more than £60,000 during the year.

Key Management Personnel

The charity considers its key management personnel to be the Vicar.

The Common Fund of the Oxford Diocese meets the stipend and other employment costs of the Vicar of Saint Laurence Church In Reading and provides his housing.

8 Trustee Remuneration and Expenses

The trustees did not receive any remuneration for their service as trustees.

During the year 2 (2023: 2) trustees incurred out-of-pocked expenses totalling £6,910 which were all incurred for the day-to-day running of the charity's activities (2023: £9,403). The types of expenditure include travel costs, mobile phone/ broadband and other charitable activity expenditure.

During the year the total aggregated donations made to the charity by the trustees during the year was £14,610 (2023: £21,481).

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Tangible Fixed Assets
	Fixtures and
	Fittings	Total
	£	£
Cost as at 1st January 2024	18,002	18,002
Additions	6,232	6,232
	`──────────`	`──────────`
Cost as at 31st December 2024	24,234	24,234
	`──────────`	`──────────`
	-
Depreciation as at 1st January 2024	7,845	7,845
Depreciation charge	6,059	6,059
	`──────────`	`──────────`
Depreciation as at 31st December 2024	13,904	13,904
	`──────────`	`──────────`
	-
	`──────────`	`──────────`
Net book value as at 31st December 2024	10,330	10,330
	`──────────`	`──────────`
Net book value as at 31st December 2023	10,157	10,157

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

10 Investments Held as Fixed Assets

		2024	2023
		£	£
Investment portfolio valuation		82,080	80,513
		`──────────`	`──────────`
		73,590	89,264
		`──────────`	`──────────`
		2024	2023
		£	£
Market value brought forward		80,514	73,590
Disposal		-	-
Unrealised gain / (loss)		1,566	6,924
Realised gain / (loss)		-	-
		`──────────`	`──────────`
Market value carried forward		82,080	80,513
		`──────────`	`──────────`
	Unrestricted	Endowment	Restricted
	Funds	Funds	Funds	2024
	£	£	£	£
Disposal	-	-	-	-
Unrealised gain / (loss)	-	417	1,149	1,566
Realised gain / (loss)	-	-	-	-
	`──────────`	`──────────`	`──────────`	`──────────`
	-	417	1,149	1,566
	`──────────`	`──────────`	`──────────`	`──────────`
	Unrestricted	Endowment	Restricted
	Funds	Funds	Funds	2023
	£	£	£	£
Disposal	-	-	-	-
Unrealised gain / (loss)	-	1,565	5,359	6,924
Realised gain / (loss)	-	-	-	-
	`──────────`	`──────────`	`──────────`	`──────────`
	-	1,565	5,359	6,924
	`──────────`	`──────────`	`──────────`	`──────────`

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

11	Debtors
		2024	2023
		£	£
	Trade debtors	-	1,261
	Accrued income	35,158	32,332
	Prepayments	1,722	1,435
		`──────────`	`──────────`
		36,880	35,028
		`──────────`	`──────────`
12	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Accruals	1,750	1,580
	Trade creditors	1,331	1,499
	Deferred income	-	1,264
		`──────────`	`──────────`
		3,081	4,343
		`──────────`	`──────────`

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

13 Analysis of Charitable Funds

	1 Jan 2024	Income	Expenditure	Gains/Loses	Transfers 31 Dec 2024	Transfers 31 Dec 2024
	£	£	£	£	£	£
Unrestricted Funds
Unrestricted
General funds	101,838	108,884	(98,114)	-	(13,465)	99,143
Designated
Reserves	22,500	-	-	-	-	22,500
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	124,338	108,884	(98,114)	-	(13,465)	121,643
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Endowment Funds
Flook bequest	5,454	-	-	-	-	5,454
Russell bequest	714	19	-	16	-	749
Burton bequest	18,937	486	-	401	-	19,824
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	25,105	505	-	417	-	26,027
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Restricted Funds
Ecclesiastical administration	-	3,631	(3,631)	-	-	-
Francis bequest - stipend	65,273	1,730	(2,007)	1,149	-	66,145
Francis bequest - music & worship	1,547	-	-	-	(994)	553
Relief in need trust	3,310	3,000	(1,076)	-	767	6,001
Chapel reordering
(previously organ	26,164	-	-	-	-	26,164
appeal)
Maintenance &
building	367	60,000	(74,059)	-	13,692	-
(ecclesiastical)
Youth grant	-	19,074	(7,096)	-	-	11,978
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	96,661	87,435	(87,869)	1,149	13,465	110,841
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total Funds
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	246,104	196,824	(185,983)	1,566	-	258,511
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`

Fund Transfers 2024

Maintenance & Transfer for funds relating to insurance payments recived to cover repair and building maitenance expenditure incuded within the resetrcited fund.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Analysis of Charitable Funds cont.

	1 Jan 2023	Income	Expenditure	Gains/Loses	Transfers 31 Dec 2023	Transfers 31 Dec 2023
	£	£	£	£	£	£
Unrestricted Funds
Unrestricted
General funds	109,200	85,625	(94,655)	-	1,668	101,838
Designated
Reserves	18,000	4,500	-	-	-	22,500
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	127,200	90,125	(94,655)	-	1,668	124,338
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Endowment Funds
Flook bequest	5,454	-	-	-	-	5,454
Russell bequest	637	19	-	58	-	714
Burton bequest	16,951	479	-	1,507	-	18,937
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	23,042	498	-	1,565	-	25,105
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Restricted Funds
Francis bequest - stipend	59,914	-	-	5,359	-	65,273
Francis bequest - music & worship	942	1,703	(1,098)	-	-	1,547
Relief in need trust	1,671	6,000	(4,361)	-	-	3,310
Chapel reordering
(previously organ	27,935	-	(943)	-	(828)	26,164
appeal)
Maintenance &
building	-	27,000	(25,793)	-	(840)	367
(ecclesiastical)
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	90,462	34,703	(32,195)	5,359	(1,668)	96,661
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total Funds
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`
Total	240,704	125,326	(126,850)	6,924	-	246,104
	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`	`──────────`

Fund Transfers 2023

Chapel reordering

Maintenance & building

A transfer was made to general funds to cover utilities and running costs related to the chapel reordering.

A transfer was made to general funds to cover utilities and running costs related to the building maintenance.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

Fund Descriptions

Designated Funds

Reserves A fund established by the trustees as a contingency and future development

Endowment Funds

The endowment funds are invested with the Investment Fund of the Central Board of Finance of the Church of England and annual income is credited to the General Fund.

Restricted Funds

Francis Bequest - The "Francis Bequest" fund is a restricted fund for the provision of church Music & Worship music at St Laurence, Reading. Chapel Reordering The PCC Mission Fund was formally known as the "Organ Appeal Fund". This is a historic fund towards the maintenance and care of the Organ at St Laurence, Reading. The organ's present condition is such that it would take funding significantly higher than the funds available to bring it back into working use, therefore this was renamed in 2015.

Maintenance & Funds for the maintenance, servicing and repair costs of the church building. building (ecclesiastical) Youth Grant Grant received for the provision of employed youth and children's work.

St Laurence Church In Reading

Year Ended 31st December 2024

Notes to the Financial Statements

14 Analysis of net assets between funds

	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2024
	£	£	£	£
Fixed assets	-	26,027	66,383	92,410
Current assets	124,724	-	44,458	169,182
Creditors less than 1 year	(3,081)	-	-	(3,081)
	`──────────`	`──────────`	`──────────`	`──────────`
	121,643	26,027	110,841	258,511
	`──────────`	`──────────`	`──────────`	`──────────`
	Unrestricted	Endowment	Restricted	Total Funds
	Funds	Funds	Funds	2023
	£	£	£	£
Fixed assets	-	25,105	65,565	90,670
Current assets	128,681	-	31,096	159,777
Creditors less than 1 year	(4,343)	-	-	(4,343)
	`──────────`	`──────────`	`──────────`	`──────────`
	124,338	25,105	96,661	246,104
	`──────────`	`──────────`	`──────────`	`──────────`

15 Related party transactions

During the year St Laurence Church In Reading received income by the way of grants of £66,631 (2023: £57,007) from a related charity called St Laurence Ecclesiastical Charities. Due to mutual a number of trusteeship's between the PCC and St Laurence Ecclesiastical Charities the two organisations are related parties. At the year end £33,000 (2023: £30,000) was included with debtors balance at the year end.