# **ST COLUMBA’S CHURCH OF SCOTLAND Pont Street, London, SW1X 0BD**
## **ANNUAL REPORT**
**2020**
**Registered Charity Number 236173 Congregation number 472427**
## **ST COLUMBA’S CHURCH OF SCOTLAND**
## **REPORT OF THE TRUSTEES for the year to 31 December 2020**
## **THE CHARITY**
The name of the charity is Trust Property and Funds held in connection with St Columba’s Church and Congregation and its address is Pont Street, London, SW1X 0BD. The number of the charity is 236173. The charity is commonly known as St Columba’s Church of Scotland.
## **TRUSTEES AND THEIR RESPONSIBILITIES**
The charity trustees are the Kirk Session of St Columba’s (the Elders).
The custodian trustee is a body incorporated on 5 December 1995 called The Trustees of St Columba’s Church of Scotland, London (Ref. CD (Ldn) 236173/20646). In all its responsibilities it acts with the consent of the Kirk Session. In addition to holding the Church building and its halls, rooms and offices, the custodian trustee holds other properties (at 31 December 2020 two manses and a tennis ground). Details of these assets are shown on the Balance Sheet and note 6 of the Accounts.
The Rev C Angus MacLeod MA BD was Minister throughout the year. The Associate Minister post has been vacant since 18 November 2018.
A list of the names of the Minister and the Elders who constituted the Kirk Session at any time in the year ended 31 December 2020 and at the date of this report is appended. The names of those acting as members of the incorporated body are marked thereon with an asterisk.
The Session Clerk is Mrs Charlotte Bradford to whom day to day management of the charity is delegated (in consultation with the Finance Convener and others as appropriate).
The Kirk Session is responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Kirk Session to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements the Kirk Session is required to:
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Kirk Session is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Charities Act 2011, the Regulations for Congregational Finance of the General Assembly of the Church of Scotland and the provisions of the Trust Deed. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Kirk Session is responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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## **OTHER RELEVANT ORGANISATIONS**
## **Banker**
- The Royal Bank of Scotland, 175 Kensington High Street, London, W8 6SH
- **Solicitor** - Withers LLP, 20 Old Bailey, London, EC4M 7AN
**Auditor** - Sayer Vincent LLP, Invicta House, 108 Golden Lane, London, EC1Y 0TL
## **STRUCTURE, GOVERNANCE and MANAGEMENT**
The charity is constituted as a Trust. The document governing the charity is a Trust Deed dated 20 July 1910.
New trustees, chosen from the congregation, are appointed from time to time to fill vacancies, by invitation from the Kirk Session. No individual or other body has power to appoint new trustees.
New trustees attend induction seminars and work closely with existing trustees. Trustees are given literature issued by the Charity Commission setting out their responsibilities. Conferences for trustees are held periodically. An Away Day is held periodically for all trustees.
The general management and administration of the charity are vested in the Kirk Session. Much day to day work of the Kirk Session is carried out by Committees (whose members are appointed by the Kirk Session) as follows:
_the Finance Committee, the Fabric Committee, the Benevolence Committee, the Hospitality Committee, the Assembly and Presbytery Committee, the Fellowship Committee, the Mission Committee, the Nurture Committee, the Worship and Communication Committee, the Youth Committee, the Napier Committee and the Staff Committee._
These Committees report regularly to the Kirk Session. While minor, operational decisions may be taken at a committee level, any significant decisions are referred to the Kirk Session, in accordance with the responsibilities of the trustees. The Kirk Session meets six times a year and at such other times as it may determine.
All key management personnel are volunteer trustees, so no remuneration or benefits were provided to them in relation to their role as trustees (2019 nil).
## **RISK ASSESSMENT**
The charity trustees – the Kirk Session – consider that the Church buildings are adequately insured against structural damage. The income of the Church arises from the range of sources mentioned below. The Kirk Session encourages members of the congregation regularly to review the level of their giving. In view of the ongoing pandemic, no stewardship campaign was held in 2020; however, a further stewardship campaign will be held in 2021. In order to mitigate the risk of abrupt loss of income from the hire of premises, the Kirk Session intends to continue to seek longer term agreements with those from whom this category of income is significant.
The Kirk Session has appropriate arrangements in place for the preparation of financial statements, the keeping of proper accounts and records, the safeguarding of assets and the detection of fraud. The Kirk Session recognises its responsibilities to both Church members and visitors in matters of health, safety and security and so regularly reviews its procedures and takes professional advice where required.
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## **RELATED PARTY TRANSACTIONS (See Note 15 to the Financial Statements)**
The charity trustees – the Kirk Session - confirm that to the best of their knowledge and belief there were no financial transactions undertaken by the Church in the year ended 31 December 2020 in which the charity trustees or any person/company connected with them had, directly or indirectly, a material interest apart from the following:
Ms F Gardner (a trustee) was in receipt of £1,752 (2019: £2,921) as a relief Administrator.
## **RESTRICTIONS IMPOSED BY THE TRUST DEED**
The trustees hold the Church building for the purpose of public worship according to the doctrine, worship, discipline and government of the Church of Scotland. The trustees can only dispose of it on condition that the proceeds are used for the acquisition or erection of a new church.
## **KEY OBJECTIVES OF THE CHARITY**
St Columba’s is part of the Church of Scotland, the National Church in Scotland, recognised by the State but independent in spiritual matters. The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God, to work for the advancement of Christ’s Kingdom throughout the world and to provide the ordinances of religion to the people of Scotland through parish ministry. By extension, it does the same for Scots and any of other nationalities who are attracted to a Presbyterian style and form of worship in England, Europe and further afield. St Columba’s is bound by the objectives of the Church of Scotland and governed by its laws. It is subject to the jurisdiction of the Presbytery of England and to the supreme court of the Church, the General Assembly. Subject to that, the Kirk Session is responsible for all matters relating to St Columba’s, both spiritual and temporal. All matters of substance are reported to the congregation, which is required to receive its Annual Accounts.
The key objectives of St Columba’s can best be summarised by quoting in full its Mission Statement.
## **MISSION STATEMENT**
## **In the name of Jesus Christ, we, as a congregation of the Church of Scotland, aim to**
_Witness to the power of God the Father, of Jesus Christ His Son_
_and of the Holy Spirit in our lives;_
_Maintain strong public worship in the Presbyterian style;_
_Learn more of God and grow in faith and love;_
_Serve God and His Church, each other and those in need both near and far;_
_Provide a friendly and hospitable welcome to all;_
_Offer Christian fellowship both at St Columba’s and by going out as a community of caring people._
## **We invite you to join us in this mission.**
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## **DELIVERY OF PUBLIC BENEFIT**
The Kirk Session confirms that it has referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and when planning future activities.
The Kirk Session believes that the Christian values upon which it bases its work are of significant benefit to the whole of society. While some of the activities which it carries out specifically benefit St Columba’s congregation, St Columba’s Church is an outward-looking organisation, concerned with seeking to transform society for the better. So the Kirk Session works hard to ensure that the benefits which it aims to provide are not exclusive to Christians or to St Columba’s congregation.
## **ACHIEVEMENT OF KEY OBJECTIVES**
In order to achieve its key objectives, St Columba’s holds services every Sunday, special services at Christmas and at Easter, weekly Holy Communion and monthly baptisms. There are meetings, talks and discussions on aspects of the faith and matters affecting the daily lives of Christians as well as social events, including weekly Scottish Country Dancing and Tennis. Much pastoral care is provided by the Ministerial team and Elders, with contact maintained through correspondence and telephone calls with more isolated members. This is coordinated by an Elder in conjunction with the Minister and the Office Manager. The key objective is currently to maintain a level of contact through the extended periods of lockdown and there will be a review of other key objectives once the present situation is resolved.
St Columba’s takes part in the Church of Scotland’s system of local church reviews. This entails a small team from elsewhere in the church visiting the church, reviewing its activities, assisting in setting new objectives and reviewing progress on previously set objectives.
Apart from the Ministerial team and our staff (a full-time administrator and a full-time caretaker, supported by two relief caretakers, plus a Director of Music, assistant organist and accountant) all of the work of St Columba’s is carried out by Elders and members of the congregation on an unpaid basis. Pay levels of staff are reviewed annually and compared with the market.
The number on the roll at 31 December 2020 was 779
St Columba’s administers several charitable funds, many of which are the result of gifts by members. Some of these are separately registered charities, while others are dealt with through the accounts of the Church. They are concerned with helping needy persons and supporting other charities doing similar work. Contribution is made from the income of the Church to the ministry and social work of the Church of Scotland in Scotland and abroad. Special collections were taken during the year for Borderline and 500 Miles (the 2020 Lenten appeal). Each Sunday evening during the winter the Church provides meals and sleeping facilities for the homeless in west London. On Friday evenings throughout the year a homeless drop-in facility is run by a local charity, Restart, in the Lower Hall.
Facilities are provided on a regular basis for meetings of addiction support groups and other charities.
The Napier Fund continues to make grants in accordance with the terms of the scheme approved by the Charity Commission in 1980. The income of the Napier Fund may be applied for the following purposes in the following order of priority:
1. in furthering the religious and other charitable work of St Columba’s;
2. in furthering the religious and other charitable work of the Church of Scotland in Scotland and elsewhere; and
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3. for such other charitable purposes connected with the Church of Scotland or consistent with the principles thereof as the Administrative Trustees shall decide.
## **COVID-19 RESPONSE**
In response to the Covid-19 pandemic the Government ordered the closure of many public buildings, including places of worship, from 23 March. Live streaming equipment was installed in the church the week before so Sunday worship was able to continue, remotely, without a break. A dial-in facility was added on 23 April so those without internet access could listen to the 11am Sunday service. Knightsbridge School, the homeless charities and the addiction support groups were also required to close during the first lockdown but a change in Government rules enabled them to stay open in subsequent lockdowns. Two staff were placed on furlough and the Office Manager was required to work from home.
The Kirk Session tasked a working group consisting of the Minister, seven elders and the Office Manager to oversee the Covid-19 response, reporting back to Session regularly, ensuring adherence to English Government guidelines and regulations. Measures were put in place to ensure social distancing and the capacity of the Sanctuary and other rooms was reduced. Kirk Session meetings took place remotely. Preparation of a risk assessment, updated as needed, meant that as a covid-secure building the church could open gradually from June: first to the school, then the Friday homeless group and then to congregations of up to 48 people. Live streamed and dial-in services continued. Addiction support groups and some hirers were able to return in September, when one of the furloughed staff also returned. No overnight accommodation could be offered to the night shelter for the homeless for the 2020-2021 season but meals and support continued three evenings a week.
A second national month-long lockdown in November closed the building to the congregation and most hirers though not the exempt groups. In response to a new, more transmissible variant of the disease a further, voluntary, lockdown closed the church to all but the exempt groups from 21 December.
## **FINANCIAL STATEMENTS**
The financial statements of the charity comply with statutory requirements and the requirements of the charity’s governing instrument and include any additional information required by law. At the year-end there were no commitments regarding on-going expenditure, incomplete projects or obligations not met which were not provided for in the accounts.
## **FINANCIAL REVIEW**
The Kirk Session’s plans for the future including the aims and key objectives are set out in the section headed “Mission Statement” above.
The sources of income are contributions from members of the congregation (open plate collections, a weekly envelope scheme, regular payments under Gift Aid or otherwise by bankers’ standing order, online donations using JustGiving and gifts via Gift Aid and Give-asyou-earn), contributions from congregational organisations and other users of the premises, fees for Church Services and distributions and interest from investments.
Total income in 2020 amounted to £842,432. Total expenditure in 2020 amounted to £662,282 giving a surplus of £180,150 before investment gains.
Net assets of all funds at 31 December 2020 totalled £8,430,098 – an increase of £141,689 from the balance at 31 December 2019. The Church’s investments are invested in the Church of Scotland Investors Trust. All investments acquired have been acquired in accordance with the powers available to the trustees. The investment portfolio is designed to produce a satisfactory yield and the prospect of growth in value over the medium-term and long-term period.
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In 2005 the trustees decided to set up a 50th Anniversary Appeal Fund for exceptional maintenance expenditure on the church building in future years. The Fund amounted to £59,031 at 31 December 2020, with £2,520 being spent during the year.
The Congregational Funds (excluding tangible fixed assets) amounted to £2,338,526 at 31 December 2020. Funds held as reserves are required to meet any unforeseen reductions in income or unplanned expenditure. The Trustees consider that reserves of at least twice annual expenditure are sufficient to cover an unforeseen reduction in income or unplanned expenditure.
The Kirk Session considers that there are no material uncertainties about the charity’s ability to continue as a going concern. Each year a budget is prepared.
The value of the Church building shown on the Balance Sheet is its cost in 1955. It is insured for £28,620,022 (including the organs) on the basis of a total loss.
## **FACILITIES**
The facilities of the Church building, its halls and offices, as well as its manses, are, in the opinion of the Trustees, adequate for the purpose of its work in the foreseeable future.
By order of the Trustees
Charlotte E Bradford A Trustee & Session Clerk
Date: 18 March 2021
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## **ST COLUMBA’S CHURCH OF SCOTLAND**
## **KIRK SESSION**
The Minister; The Rev C Angus MacLeod MA BD
Elders:
|LadyBlack|Dr Peter Mills|
|---|---|
|* Mrs Charlotte Bradford(Session Clerk)|Mr Robert Mills|
|Mrs Margaret Brown|Dr Sarah Mills|
|Mr Gordon Cameron|Mrs Daphne Moore|
|Mrs Alison Buchanan|LadyNatzler|
|Mr Roderick Buchanan|Ms Sheila Nicoll|
|Mrs Sheena Clark(resigned 19 June 2020)|* Mr David Nicolson|
|Mrs Patricia Clarke|Mrs Katherine Payne|
|Mr Graham Cumming|Mr Hugh Pym|
|Ms Karen Cunningham|Mrs Susan Pym|
|Miss Naomi Donaldson|Mrs Judith Roberts(on sabbatical)|
|Mrs Heather Farwell|Mr Nigel Roberts(resigned 19 June 2020)|
|Mrs Hazel Forbes|Mrs Catharine Robertson|
|* Miss Elizabeth Fox|Mr John Russell|
|Mr Martin Funnell|Mr HenrySherriff|
|Ms Fiona Gardner|Dr Gillian Smith|
|Mrs Lilias Gillies|Mrs Rosa Somerville|
|Mr William Glasson|Mrs Jill Steele|
|Mr Benjamin Gourlay|Mr Stuart Steele|
|* Mr James Henderson|Mrs Jean Stevenson|
|Col GuyHorridge|* Mr Michael Stevenson|
|Mr Donald Johnston|Mr Fraser Stockton|
|Dr David Kerr|Mrs Catriona Sutherland-Hawes|
|Mrs Fiona Lang|* Mr Frank Taylor|
|Mrs Catherine Macnish|Dr Judith Taylor|
|LadyMacpherson|Mr GaryWallis|
|Mrs Elizabeth Maliphant|Dr Joanne Wallis|
|Mrs Catherine McDonald|Miss BetsyWilkie|
|Miss Helen Miller|Mrs Anne Wilson|
* Members of the incorporated body of Custodian Trustees
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## **KIRK SESSION COMMITTEE CONVENERS 2020**
_Finance Committee –_ Roderick Buchanan _Fabric Committee_ – Elizabeth Fox _J. Murray Napier Committee -_ Michael Stevenson _Benevolence Committee –_ Betsy Wilkie _Hospitality Management Committee_ – Benjamin Gourlay
_The Fellowship Committee_ – Rosa Somerville _The Assembly and Presbytery Committee_ – Gillian Smith _The Nurture Committee –_ Role vacant _The Worship and Communication Committee –_ Hugh Pym _The Mission Committee_ – Naomi Donaldson _The Youth Committee_ – Gary Wallis _The Staff Committee_ – Charlotte Bradford
## **KIRK SESSION APPOINTMENTS**
_Sunday School Superintendents_ – Fiona Gardner and Catherine McDonald _Crèche Supervisor – S_ uzanne Williams _Senior Study Group_ – David Kerr _Child Protection Co-ordinator_ – Fiona Lang _Data Protection Co-ordinator_ – Susan Pym _Tea Together_ - Chairman: Role vacant Secretary: Lysbeth Innes _Christian Aid_ – Naomi Donaldson _Presbytery of England – Presbytery Elder:_ Charlotte Bradford _Others (appointed by Presbytery)_ : Sheena Clark (until June 2020), Elizabeth Fox, Peter Mills, David Nicolson, Susan Pym, Michael Stevenson
(As at March 2021)
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## **Independent auditor’s report to the trustees of St Columba’s Church of Scotland**
## Opinion
We have audited the financial statements of St. Columba’s Church of Scotland (the ‘charity’) for the year ended 31 December 2020 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
- In our opinion, the financial statements:
- Give a true and fair view of the state of the charity’s affairs as at 31 December 2020 and of its incoming resources and application of resources, for the year then ended
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
- Have been prepared in accordance with the requirements of the Charities Act 2011
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on St. Columba’s Church of Scotland's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## Other Information
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
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based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- The information given in the trustees’ annual report is inconsistent in any material respect with the financial statements;
- Sufficient accounting records have not been kept; or
- The financial statements are not in agreement with the accounting records and returns; or
- We have not received all the information and explanations we require for our audit
## Responsibilities of trustees
As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
## Capability of the audit in detecting irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We enquired of management, and the finance committee, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
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- Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed any reports made to regulators.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## Use of our report
This report is made solely to the charity's trustees as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
16 April 2021 Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL
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## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
**2**
Donations and fees
Use of premises
Investments
Legacies
**Total Income**
**Expenditure on:**
**3**
Ministry
Premises
Administration
Other costs
Grants made and collections for others
paid over
**5**
**Total Expenditure**
**Net income (expenditure) before**
**gains (losses) on investments**
Net gains (losses) on investments
**7**
**Net income (expenditure)**
**Transfers between funds**
**12**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds†**
**2020**
**£**
**£**
**£**
277,844
18,868
296,712
250,899
-
250,899
60,985
93,969
154,954
137,867
2,000
139,867
727,595
114,837
842,432
259,143
-
259,143
115,378
53,200
168,578
177,982
3,500
181,482
4,569
-
4,569
-
48,510
48,510
557,072
105,210
662,282
170,523
9,627
180,150
(15,653)
(22,808)
(38,461)
154,870
(13,181)
141,688
8,616
(8,616)
-
163,486
(21,797)
141,689
4,578,634
3,709,775
8,288,409
4,742,120
3,687,978
8,430,098|**2019**|
|---|---|---|
|||Unrestricted
Restricted
Total
Funds
Funds**†**
**2019**
£
£
£
295,805
12,578
308,383
349,311
-
349,311
66,007
108,953
174,960
46,338
-
46,338|
|||757,461
121,531
878,992|
|||246,206
-
246,206
123,232
13,355
136,587
199,030
6,184
205,214
11,096
-
11,096
-
81,711
81,711|
|||579,564
101,250
680,814|
|||177,897
20,281
198,178
152,867
246,936
399,803|
|||330,764
267,217
597,981
(5,529)
5,529
-|
|||325,235
272,746
597,981
4,253,399
3,437,029
7,690,428|
|||4,578,634
3,709,775
8,288,409|
† Restricted Funds include the Endowment Fund on which there was no movement in 2019 or 2020. At all times covered by this report it had a balance of £321,717 representing fixed tangible assets of £314,742 and cash of £6,975.
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## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **BALANCE SHEET AT 31 DECEMBER 2020**
|**Notes**
**FIXED ASSETS**
Tangible assets
**6**
Investments
**7,11**
**CURRENT ASSETS**
Debtors
**8**
Deposits with Church of Scotland Inv
Trust
Cash at bank and in hand
**9**
**LIABILITIES**
Creditors due within one year
**10**
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Endowment fund
**12**
Restricted income funds
**12**
Unrestricted income funds
**12**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds†**
**2020**
**£**
**£**
**£**
2,403,594
314,742
2,718,336
1,898,521
3,257,409
5,155,930
4,302,115
3,572,151
7,874,266
47,328
-
47,328
287,320
265
287,585
147,506
115,562
263,068
482,154
115,827
597,981
42,149
-
42,149
440,005
115,827
555,832
4,742,120
3,687,978
8,430,098
-
321,717
321,717
-
3,366,261
3,366,261
4,742,120
-
4,742,120
4,742,120
3,687,978
8,430,098|**2019**|
|---|---|---|
|||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**†
**2019**
**£**
**£**
**£**
2,403,503
314,742
2,718,245
1,625,620
3,268,773
4,894,393|
|||4,029,123
3,583,515
7,612,638|
|||65,917
-
65,917
200,443
86,559
287,002
318,733
39,701
358,434|
|||585,093
126,260
711,353|
|||35,582
-
35,582|
|||549,511
126,260
675,771|
||||
|||4,578,634
3,709,775
8,288,409|
|||-
321,717
321,717
-
3,388,058
3,388,058
4,578,634
-
4,578,634|
|||4,578,634
3,709,775
8,288,409|
† Restricted Funds include the Endowment Fund on which there was no movement in 2019 or 2020. At all times covered by this report it had a balance of £321,717 representing fixed tangible assets of £314,742 and cash of £6,975.
Approved by the Kirk Session and signed on its behalf by
Charlotte Bradford Session Clerk 18 March 2021
Roderick Buchanan Convener of the Finance Committee 18 March 2021
14
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2020**
|**Notes**
**_Net income (expenditure) for the year (per SOFA)_**
**Reconciliation of net income to net cash**
**used in operating activities:**
**Adjustments for:**
Depreciation charges
Dividends and interest relating to investing activities
Decrease in debtors
(Decrease) Increase in creditors
**_Net cash used in operating activities_**
**Cash flows from investing activities:**
Dividends and interest
(Gains) Losses on investments
Purchase of investments
Purchase of fixed assets
**_Net cash provided by investing activities_**
**_Change in cash and cash equivalents in the year_**
**Cash and cash equivalents at 1 January**
**Cash and cash equivalents at 31 December**
**Analysis of cash and cash equivalents**
Cash
**9**
Short term deposits
**Cash and cash equivalents**|**2020**
**2019**
**£**
**£**
**£**
**£**
141,689
597,981
3,631
3,463
(154,954)
(174,960)
18,589
15,318
6,567
(14,982)
(126,167)
(570,963)
15,522
27,018
154,954
174,960
38,461
(399,803)
(299,998)
-
(3,722)
-
(110,305)
174,960
(94,783)
201,978
645,436
443,458
550,653
645,436
263,068
358,434
287,585
287,002
550,653
645,436|
|---|---|
|||
15
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1 ACCOUNTING POLICIES**
The following policies have been used consistently in dealing with items considered material to the Church's financial statements.
## **Basis of accounting**
The financial statements have been prepared in accordance with the Charities SORP(FRS 102) (2019) (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) (2019), FRS 102 and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005, which has since been withdrawn.
The financial statements have been prepared to give a ‘true and fair’ view and under the historical cost convention, modified by the revaluation of investments to market value.
## **Public benefit entity**
The charity meets the definition of a public benefit entity under FRS 102.
## **Going concern**
The Kirk Session considers that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Donations**
Voluntary donations are recognised when they are received.
## **Legacies**
Legacies are credited to income as soon as their receipt and quantum are probable.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
## **Pension Contributions**
The Church contributes to the personal pension schemes of certain employees and operates a workplace pension scheme using the National Employment Savings Trust (NEST).
## **Grants made**
Grants made are charged to the relevant fund in the year in which they are approved and paid. **Funds**
Unrestricted funds may be used for the objects of the Church without restriction. Restricted funds are to be used within the restrictions laid down by the donor. Permanent endowment funds are held as capital with no power to spend the funds, although income from them may be spent without restriction.
## **Tangible fixed assets**
## All assets are for charitable use.
## Freehold Property
In the Trustees' opinion replacement and market values of land and buildings (church, manses and tennis club) exceed book value, so no depreciation has been provided. The Fabric Committee regularly review the assets to ensure no material diminution of value.
Freehold property is carried at original cost. A reserve fund, the Ramsay Fabric Fund, is used to make financial provision for future repairs or replacements. Significant repairs and renewals are charged to this fund when they are incurred.
Pianos and Office Equipment
Such items costing over £500 are capitalised and shown at cost less accumulated depreciation, provided at 10% (pianos) or 25% (office equipment) of cost _p.a._ once in use.
## **Liabilities**
All material unpaid invoices and contractual obligations at year end are accrued for in these accounts.
## **Financial Instruments**
The Church has basic and non-basic financial assets and financial liabilities. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Non-basic financial instruments are measured at fair value with any gain or loss going to the statement of financial activities. Full details are given in the financial instruments note (note 11).
## **Investment income**
Investment income and realised and unrealised gains and losses are allocated to the pooled funds (congregational, Napier, Ramsay Fabric and 7 minor funds) in proportion to their value at 1 January. The allocation is adjusted for significant exceptional inflows of funds, e.g. from legacies.
16
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**2 INCOME**|**Notes Unrestricted**|**Notes Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2020**|**Funds**|**Funds**|**2019**|
|**Donations and fees**(including tax recoveries)||**£**|**£**|**£**|**£**|**£**|**£**|
|Open plate||14,887|-|14,887|44,946|-|44,946|
|Online Donations||6,198|-|6,198|-|-|-|
|Planned giving||187,182|-|187,182|196,794|-|196,794|
|Collections for others|**5**|-|9,913|9,913|-|12,578|12,578|
|Other donations||47,719|8,955|56,674|31,717|-|31,717|
|Wedding and other service fees||5,312|-|5,312|6,237|-|6,237|
|J.H. Rhynd Bequest*||8,278|-|8,278|10,605|-|10,605|
|Other income||8,268|-|8,268|5,506|-|5,506|
|||277,844|18,868|296,712|295,805|12,578|308,383|
|_* Held by the Church of Scotland for_|_the benefit of_|_St Columba's._||||||
|**Use of premises**||||||||
|Hall hire||248,279|-|248,279|348,811|-|348,811|
|Organ use||120|-|120|500|-|500|
|Manse Rental||2,500|-|2,500|-|-|-|
|||250,899|-|250,899|349,311|-|349,311|
|**Investment income**||||||||
|Dividends||60,175|92,404|152,579|64,987|106,871|171,858|
|Interest||810|1,565|2,375|1,020|2,082|3,102|
|||60,985|93,969|154,954|66,007|108,953|174,960|
|**Legacies**||||||||
|A E Boyd||130,000|-|130,000|-|-|-|
|I Wharton||4,380|-|4,380|-|-|-|
|M Robinson||-|2,000|2,000|-|-|-|
|D Louden||1,187|-|1,187|-|-|-|
|A P Dallas||1,000|-|1,000|-|-|-|
|A M Search||200|-|200|-|-|-|
|S McLennan||1,000|-|1,000|-|-|-|
|Rev P H Meaney||100|-|100||||
|A Johnston||-|-|-|20,000|-|20,000|
|Rev NC Compton-Dando||-|-|-|20,000|-|20,000|
|EM Hamilton||-|-|-|5,000|-|5,000|
|M Hanke||-|-|-|837|-|837|
|SAS Trefusis||-|-|-|501|-|501|
|||137,867|2,000|139,867|46,338|-|46,338|
|||||||||
|**Total income**||727,595|114,837|842,432|757,461|121,531|878,992|
17
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**3 EXPENDITURE**
**Notes **
**Ministry**
Ministries and Mission contribution*
Other dues and ministry expenses
Sunday School and Crèche
**Premises**
Church utilities
Church maintenance
Cleaning
Minister's manse
Fulham manse
Caretaker's flat
Depreciation
Insurance
**Administration**
Local salaries and fees
Other employment costs
Other music costs
Communications
Computer
Audit and legal **
Sundry expenses
**Other costs**
Hospitality
Magazine
Bookstall and Life and Work
**Charitable grants from:*****
- JM Napier Fund
- Collections for others
- Benevolent Fund
- Alexander Rose Memorial Fund
- St Columba's House Fund
**Total expenditure**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2020**
**£**
**£**
**£**
251,460
-
251,460
7,167
-
7,167
516
-
516
259,143
-
259,143
30,077
-
30,077
16,896
51,933
68,829
28,220
-
28,220
5,235
-
5,235
950
1,267
2,217
1,664
-
1,664
3,631
-
3,631
28,705
-
28,705
115,378
53,200
168,578
133,452
-
133,452
13,167
-
13,167
3,078
3,500
6,578
13,364
-
13,364
4,948
-
4,948
8,850
-
8,850
1,123
-
1,123
177,982
3,500
181,482
405
-
405
3,350
-
3,350
814
-
814
4,569
-
4,569
-
29,000
29,000
-
9,913
9,913
-
1,790
1,790
-
6,003
6,003
-
1,804
1,804
-
48,510
48,510
557,072
105,210
662,282|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2019**
**£**
**£**
**£**
235,438
-
235,438
8,968
-
8,968
1,800
-
1,800|
|---|---|---|
|||246,206
-
246,206|
|||28,623
-
28,623
23,575
13,240
36,815
30,009
-
30,009
4,282
-
4,282
4,806
115
4,921
2,125
-
2,125
3,463
-
3,463
26,349
-
26,349|
|||123,232
13,355
136,587|
|||140,823
-
140,823
15,331
-
15,331
8,313
-
8,313
16,307
-
16,307
310
6,184
6,494
14,850
-
14,850
3,096
-
3,096|
|||199,030
6,184
205,214|
|||6,164
-
6,164
4,062
-
4,062
870
-
870|
|||11,096
-
11,096|
|||-
52,561
52,561
-
12,578
12,578
-
3,030
3,030
-
11,588
11,588
-
1,954
1,954|
|||-
81,711
81,711|
||||
|||579,564
101,250
680,814|
* All congregations contribute to a fund of The Church of Scotland which bears the cost of ministers' stipends and pensions, employer's National Insurance Contributions, the Housing & Loan Fund and the Mission and Renewal work of the Church. Stipends are paid in
accordance with a National Stipend Scale related to years of service.
** Total governance costs in 2020 were £8,400 (2019 £8,160) relating to audit fees
*** The total paid to institutions was £38,913 (2019 £65,139) and the total paid to individuals was £9,597 (2019 £16,572).
## **4 INCOME FROM CHARITABLE ACTIVITIES**
Certain of the church's activities, not primarily undertaken to raise money, may produce surpluses for the church. In 2020, these included:
|**Income**
**Costs**
**£**
**£**
Bookstall
61
50
**5 COLLECTIONS FOR OTHERS**
Collections were made for others and paid over as follows:
Lenten appeal: 500 Miles (2019: Young Lewisham Project)
Various charities (following memorial service)
Borderline
Glass Door
West London Action for Children
Poppy Scotland
Restart
ScotsCare
Kahaila - Ella's Home
CrossReach
The Jo Cox Foundation|**Net**
**£**
11
**2020**
**2019**
**£**
**£**
9,253
7,455
112
-
548
888
-
604
-
1,283
-
559
-
609
-
470
-
300
-
300
-
110
9,913
12,578|
|---|---|
18
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**6 TANGIBLE FIXED ASSETS**
**Cost**
Balance at 1 January 2020
Additions during the year
Balance at 31 December 2020
**Accumulated depreciation**
Balance at 1 January 2020
Charge for the year
Balance at 31 December 2020
Net book value at 31 December 2019
Net book value at 31 December 2020|**Freehold**
**property**
**Equipment**
**Pianos**
**Total**
**£**
**£**
**£**
**£**
2,705,787
31,306
17,549
2,754,642
-
3,722
-
3,722
2,705,787
35,028
17,549
2,758,364
-
29,378
7,019
36,397
-
1,875
1,756
3,631
-
31,253
8,775
40,028
2,705,787
1,928
10,530
2,718,245
2,705,787
3,775
8,774
2,718,336|
|---|---|
The market value of the properties are considered to be in excess of the cost. No formal valuation has been carried out but the properties are insured for sums totalling more than £28m.
The freehold property includes the Church building, two manses (Fulham and Chelsea) and one tennis club (Acton). The equipment includes three laptops and the photocopier. The pianos category comprises one grand piano and the upright digital piano.
|**7 INVESTMENTS**
**Market value**
Market value at 31 December 2019
Additions
Gain (loss) on revaluation to market value
Market value at 31 December 2020
**Invested in:**
**Church of Scotland Investors Trust**
Growth Fund Units at market value
Income Fund Units at market value
Unrestricted Funds
Restricted Funds
**Historical cost**
Growth Fund Units at cost - 2020
Income Fund Units at cost - 2020
Growth Fund Units at cost - 2019
Income Fund Units at cost - 2019
**8 DEBTORS and PREPAYMENTS**
Debtors
Prepayments
**9 CASH at BANK and in HAND**
Permanent endowment
Pooled cash
Benevolent Fund (cash not in pool)
Alexander Rose Fund
St Columba's House Fund
**10 CREDITORS and PROVISIONS**
Church purposes
Church organisations
Income received in advance|**Pooled**
**Alexander**
**Total**
**Total**
**Funds**
**Rose Fund**
**2020**
**2019**
**£**
**£**
**£**
**£**
**£**
4,505,700
350,568
38,125
4,894,393
4,494,591
299,998
-
-
299,998
-
(36,431)
(2,671)
641
(38,461)
399,803
4,769,267
347,897
38,766
5,155,930
4,894,393
**Total**
**2020**
**Units**
**£**
**Units**
**£**
**Units**
**£**
**£**
421,436
2,578,991
28,182
151,337
2,730,328
172,327
2,190,276
15,465
196,560
3,050
38,766
2,425,602
4,769,267
347,897
38,766
5,155,930
1,898,521
-
-
1,898,521
2,870,746
347,897
38,766
3,257,409
4,769,267
347,897
38,766
5,155,930
480,259
1,818,806
28,182
91,873
-
1,910,679
172,327
1,814,489
15,465
164,308
3,050
27,572
2,006,369
3,633,295
256,181
27,572
3,917,048
421,436
1,518,808
28,182
91,873
-
1,610,681
172,327
1,814,490
15,465
164,308
3,050
27,572
2,006,370
3,333,298
256,181
27,572
3,617,051
**2020**
**2019**
**£**
**£**
27,916
50,934
19,412
14,983
47,328
65,917
**Unrestricted**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2020**
**Funds**
**Funds**
**2019**
**£**
**£**
**£**
**£**
**£**
**£**
-
6,975
6,975
-
6,975
6,975
147,506
65,664
213,170
318,733
-
318,733
-
11,655
11,655
-
7,657
7,657
-
28,306
28,306
-
21,904
21,904
-
2,962
2,962
-
3,165
3,165
147,506
115,562
263,068
318,733
39,701
358,434
**2020**
**2019**
**£**
**£**
25,710
24,013
11,022
10,794
5,416
775
42,149
35,582
**House Fund**
**Funds**
**Rose Fund**
**House Fund**
**Pooled**
**St Columba's**
**Alexander**
**St Columba's**|
|---|---|
|||
19
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**11 FINANCIAL INSTRUMENTS**||||**2020**||**2019**||
|---|---|---|---|---|---|---|---|
|**Financial assets measured at fair value through profit and loss**||||**£**||**£**||
|Investments *||||5,155,930||4,894,393||
|* Further details of these investments are shown in note 7||||||||
|**12 CHURCH FUNDS**|Balance at|Investment|Investment|Other|Payments|Net|Balance at|
|**For year ended 31 December 2020**|1 January|Income|Losses||& Expenses|Transfers|31|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|General congregational funds|4,578,634|60,985|(15,653)|666,609|(557,071)|8,616|4,742,120|
|Endowment Fund|321,717|-|-|-|-|-|321,717|
|**Charitable restricted funds**||||||||
|J Murray Napier Fund|2,464,502|68,486|(17,579)|-|(29,000)|-|2,486,409|
|Benevolent Fund|121,402|3,380|(866)|1,314|(1,790)|(8,616)|114,823|
|Alexander Rose Memorial Fund|372,735|11,106|(2,671)|-|(6,003)|-|375,168|
|St Columba's House Fund|41,290|1,451|641|150|(1,804)|-|41,728|
|Collections for others|-|-|-|9,913|(9,913)|-|-|
||2,999,929|84,424|(20,475)|11,377|(48,510)|(8,616)|3,018,128|
|**Other restricted funds**||||||||
|Ramsay Fabric Fund|253,718|7,051|(1,810)|-|(50,680)|-|208,279|
|Music Fund|-|-|-|3,500|(3,500)|-|-|
|Scots in Great War London|-|-|-|5,970|-|-|5,970|
|50th Anniversary Appeal Fund|61,072|457|-|23|(2,520)|-|59,031|
|Sir Alec and Lady Martin Fund|8,486|236|(61)|-|-|-|8,662|
|Sir Alec Martin Fund|1,126|31|(8)|-|-|-|1,149|
|William R R Wilson Fund|63,727|1,771|(455)|-|-|-|65,043|
||388,129|9,545|(2,333)|9,492|(56,700)|-|348,133|
|||||||||
||8,288,409|154,954|(38,461)|687,478|(662,281)|-|8,430,098|
||Balance at|Investment|Investment|Other|Payments|Net|Balance at|
|**For year ended 31 December 2019**|1 January|Income|Gains||& Expenses|Transfers|31|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**General congregational funds**|4,253,399|66,007|152,867|691,454|(579,564)|(5,529)|4,578,634|
|Endowment Fund|321,717|-|-|-|-|-|321,717|
|**Charitable restricted funds**||||||||
|J Murray Napier Fund|2,253,238|79,564|184,261|-|(52,561)|-|2,464,502|
|Benevolent Fund|106,433|3,766|8,704|-|(3,030)|5,529|121,402|
|Alexander Rose Memorial Fund|344,805|12,567|26,951|-|(11,588)|-|372,735|
|St Columba's House Fund|40,066|1,531|1,647|-|(1,954)|-|41,290|
|Collections for others|-|-|-|12,578|(12,578)|-|-|
||2,744,542|97,428|221,563|12,578|(81,711)|5,529|2,999,929|
|**Other restricted funds**||||||||
|Ramsay Fabric Fund|239,080|8,442|19,552|-|(13,355)|-|253,718|
|50th Anniversary Appeal Fund|60,502|570|-|-|-|-|61,072|
|Sir Alec and Lady Martin Fund|7,597|268|621|-|-|-|8,486|
|Sir Alec Martin Fund|1,008|36|82|-|-|-|1,126|
|Nancy Scott Fund|3,758|133|307|-|(4,198)|-|-|
|William R R Wilson Fund|58,825|2,077|4,810|-|(1,986)|-|63,727|
||370,770|11,526|25,373|-|(19,539)|-|388,129|
|||||||||
||7,690,428|174,960|399,803|704,032|(680,814)|-|8,288,409|
The J Murray Napier Fund is a restricted charitable fund, which makes grants under the terms of a charitable scheme. The Benevolent Fund makes grants to or for the benefit of needy individuals. The Alexander Rose Memorial Fund is a restricted charitable fund which assists poor Scotsmen and their families in London. The St Columba's House Fund is a restricted fund, registered charity no. 258639, which assists women and girls in Greater London.
The Ramsay Fabric Fund is used for building maintenance. Music Fund is a restricted fund to be used for the musical tradition of St Columba's (£3,500 received and spent in 2020) and the Scots in Great War London initiative is to digitalise the church magazines (£5,970 received and available at year end).
The 50th Anniversary Appeal Fund is a restricted fund which arose from an appeal in 2005 to raise funds for major refurbishments. The Sir Alec and Lady Martin Fund is a restricted fund set up to support the Sunday School (75%) and choir dinners (25%). The Sir Alec Martin Fund is a restricted fund set up to support the Sunday School. The Nancy Scott Fund is a restricted fund set up to to assist with web-site maintenance (this was wound up in 2019).
The William Ross Reid Wilson Crèche Memorial Fund is a restricted fund, the income from which is to support the crèche, while the William Ross Reid Wilson Chapels Memorial Fund is a restricted fund, the income from which is to benefit the London Scottish Chapel and Tower Chapel Columbarium. These are shown above as the William R R Wilson Fund.
20
## **ST. COLUMBA'S CHURCH OF SCOTLAND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**13 CHURCH ORGANISATIONS**
Sunday School
Flower Guild
Service Unit - "Tea Together"
Hospitality Committee|Balance at
Income
Donations
Expenses
Donations
Transfers
Balance at
1 January
& Legacies
made
31
**£**
**£**
**£**
**£**
**£**
**£**
**£**
1,556
1
-
-
-
-
1,557
4,723
-
260
(280)
-
-
4,703
1,490
-
-
(140)
-
-
1,350
8,026
1,113
238
(2,228)
-
-
7,149|
|---|---|
||15,794
1,114
498
(2,648)
-
-
14,759|
The above organisations are not fully consolidated in the financial statements as day to day decisions are not controlled by Kirk Session.
## **14 EMPLOYEES**
St Columba's employed 7 full- or part-time employees during the year (2019: 7). The average full-time equivalent number was 4 (2019: 4) and their total cost was £129,547 (2019 £124,246). Payments to the trustee detailed in note 15 are not included in this figure. Remuneration consisted of gross pay £115,980 (2019 £110,812), employer's NIC £4,672 (2019 £5,395) and pension contributions £8,495 (2019 £8,039). No employee received emoluments in excess of £60,000.
All key management personnel are volunteer trustees, so no remuneration or benefits were provided to them (2019 nil).
## **15 TRUSTEES**
No trustee received remuneration or reimbursement of personal expenses in the year to 31 December 2020 (2019 nil) for acting as trustee. As a significant proportion of donations received are made anonymously through cash collections it is not possible to quantify total donations made by trustees. One trustee, Ms Fiona Gardner, received £1,752 (2019 £2,921) for acting as a relief administrator, as permitted by the Charity Commissioners.
## **16 COST OF GENERATING FUNDS**
In the opinion of the trustees, no material cost was incurred in generating voluntary income or managing investments.
## **17 CONTRACTUAL OBLIGATIONS**
The value of contracts entered into but not completed by 31 December 2020 was £nil (2019 £nil). No contract was entered into for which work commenced after 31 December 2020 (2019 none).
No contract for which work had not yet commenced had been entered into at 31 December 2020 (2019 none).
## **18 INSURANCE**
Premiums totalling £28,705 (2019 £26,349) were incurred during the year to insure the structure and contents of the Church; the structures of the two manses and the tennis club; and includes insurance in respect of terrorism, employer's liability, public liability, business interruption, staff personal accident and trustees' indemnity.
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