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2022-12-31-accounts

ST COLUMBA’S CHURCH OF SCOTLAND

Pont Street, London, SW1X 0BD

ANNUAL REPORT

2022

Registered Charity Number 236173 Congregation number 472427

ST COLUMBA’S CHURCH OF SCOTLAND

REPORT OF THE TRUSTEES for the year to 31 December 2022

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 2022 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 Rev William McLaren MA BD was Associate Minister throughout the year.

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 2022 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:

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.

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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.

OTHER RELEVANT ORGANISATIONS

Solicitor - Withers LLP, 20 Old Bailey, London, EC4M 7AN

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.

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. While no stewardship campaign was run in 2022, in the early autumn of 2023 we hope to offer the congregation opportunity to consider ideas, responsibilities and priorities for the next five years as part of an informal stewardship season.

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 2022 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 £2,585 (2021: £1,062) as a relief Administrator. Mr PW Bradford (son of a trustee) was in receipt of £41 (2021: £135) as a relief caretaker.

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 the Channel Islands 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 that 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. The Kirk Session works hard to ensure that the benefits that 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. A key objective is to maintain a level of contact especially with those who have not fully returned to in-person worship. A review of other key objectives is planned.

St Columba’s has a close connection with several charity partners: ScotsCare, which provides emotional, financial and practical support to Scots and their families in Greater London with a wide range of services from financial support, advocacy, counselling, to sheltered housing, training and job coaching and more; Borderline, the only charity specifically set up to help homeless Scots in London; RESTART, a small, London-based charity whose objective is to help homeless men and women to break the cycle of homelessness, move from the streets, confront the issues obstructing their futures and return to independent living; and GlassDoor, which partners with churches and community centres to give shelter and support to homeless people in London.

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 St Columba’s, reviewing its activities, assisting in setting new objectives and reviewing progress on previously set objectives. The panel visited St Columba’s in November 2021 and in August 2022 reported that St Columba’s is compliant with the laws of the Church and the deliverances of the General Assembly, and that it finds the congregation of St Columba’s in a satisfactory state.

Apart from the Ministerial team and our staff (a full-time administrator and a fulltime caretaker, supported by three 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 on 31 December 2022 was 759 (2021: 766).

St Columba’s administers several charitable funds, many of which are the result of gifts by members. Some of these are separately registered charities. They are concerned with helping needy persons and supporting other charities doing similar work.

Contribution is also 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 New Borderline, the Poppy Appeal and the CSPB Association (Association Collaboration à la Sante Publique Burkino Faso, the 2022 Lenten appeal). A decision by the local authorities in whose boroughs the Night Shelter circuits run meant that because of the

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continuing COVID risk neither overnight accommodation nor meals and other support could be offered on Saturdays and Sundays during the 2021-22 season; however, we were glad to welcome back the Night Shelter once again for the 2022-2023 winter season. The Friday night drop-in offering meals and support run by a local charity, RESTART, continued throughout the year.

Facilities are provided on a regular basis for meetings of addiction support groups and other charities, including The Choir With No Name, a choir for people affected by homelessness, which meets for a rehearsal and a hot meal each week.

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

  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

Since 2020, the Kirk Session has 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, reviewing ever changing regulations and striving for widespread adherence to social distancing. As we continue to emerge from the pandemic in-person activities resumed gradually though some have remained online, reaching those not yet ready to travel into central London. All Sunday 11am services as well as most services on other significant Holy days, and some funerals and memorial services, continue to be offered online and as dial-in as well as in person. The Annual Stated Meeting at which the congregation receives the audited accounts together with an update on significant issues for the church and on the care of our buildings was held in person for the first time since 2019.

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 Giveas-you-earn), contributions from congregational organisations and other users of the premises, fees for Church Services and distributions and interest from investments.

Total income in 2022 amounted to £934,185 (2021: £723,410). Total expenditure in 2022 amounted to £732,094 (2021: £622,675) giving a surplus of £202,021 (2021: £100,735) before investment gains.

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Net losses from investments were £-691,818 (2021: net gains of £296,762), reflecting tough market conditions as a result of the energy crisis and increasing inflation. These were unrealised losses on the revaluation of investments at year end, as no investments were sold during 2022. The Church’s investments are invested in the Church of Scotland Investors Trust, in both the Growth Fund, managed by Newton Investment Management, and the Income Fund, managed by Royal London Asset Management. 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 (see note 7 of the Financial Statements).

Net assets of all funds at 31 December 2022 totalled £8,337,798 – a decrease of £489,797 from the balance at 31 December 2021.

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 £41,991 at 31 December 2022, with £10,002 spent during the year.

The Congregational Funds (excluding unrestricted tangible fixed assets) amounted to £2,442,425 at 31 December 2022. 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 any unforeseen reduction in income or unplanned expenditure. The Trustees acknowledge that congregational funds are higher than required by this reserves policy. This is to ensure that the Church can continue fulfilling its objectives into the future, through uncertain times.

PLANS FOR FUTURE PERIODS

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 and presented to the Kirk Session for their review, discussion and approval. No significant changes in charitable objectives are expected.

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.

The value of the Church building shown on the Balance Sheet is its cost in 1955. It is insured for £ 31,304,938 (including the organs) on the basis of a total loss.

By order of the Trustees

Charlotte E Bradford A Trustee & Session Clerk

Date: 17 March 2023

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ST COLUMBA’S CHURCH OF SCOTLAND

KIRK SESSION

The Minister The Rev C Angus MacLeod MA BD
The Associate Minister The Rev William McLaren MA BD
Elders:
Prof Rona Mackie Black Mr Robert Mills
* Mrs Charlotte Bradford(Session Clerk) Dr Sarah Mills
Mrs Alison Buchanan Mrs Daphne Moore
* Mr Roderick Buchanan LadyNatzler
Mr Gordon Cameron Ms Sheila Nicoll
Mrs Patricia Clarke * Mr David Nicolson
Mr Graham Cumming Mrs Katherine Payne
Ms Karen Cunningham Mr Hugh Pym
Miss Naomi Donaldson Mrs Susan Pym
Mrs Heather Farwell Mrs Judith Roberts(resigned 25 Nov 2022)
Mrs Hazel Forbes Mrs Catharine Robertson
* Miss Elizabeth Fox Mr John Russell
Mr Martin Funnell Mr HenrySherriff(died 12 October 2022)
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
Mr Donald Johnston * Mr Michael Stevenson
Dr David Kerr Mr Fraser Stockton(resigned 30 Sept 2022)
Mrs Fiona Lang Mrs Catriona Sutherland-Hawes
Mrs Catherine Macnish * Mr Frank Taylor(died 18 June 2022)
LadyMacpherson Dr Judith Taylor
Mrs Elizabeth Maliphant Mr GaryWallis
Mrs Catherine McDonald Dr Joanne Wallis
Miss Helen Miller Miss BetsyWilkie
Dr Peter Mills Mrs Anne Wilson

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KIRK SESSION COMMITTEE CONVENERS 2022

Finance Committee Mr Roderick Buchanan Fabric Committee Miss Elizabeth Fox J. Murray Napier Committee Mr Michael Stevenson Benevolence Committee Miss Betsy Wilkie Hospitality Management Committee Mr Benjamin Gourlay

The Fellowship Committee Ms Rosa Somerville The Assembly and Presbytery Committee Dr Gillian Smith The Nurture Committee Role vacant The Worship and Communication Committee Mr Hugh Pym The Mission Committee Miss Naomi Donaldson The Youth Committee Mr Gary Wallis The Staff Committee Mrs Charlotte Bradford

KIRK SESSION APPOINTMENTS

Sunday School Superintendents Ms Fiona Gardner Crèche Supervisor Role vacant

Safeguarding Co-ordinator Ms Sheena Clark (Presbytery - Safeguarding Co Ordinator) - Data Protection Co ordinator Mrs Susan Pym Tea Together Chair Mrs Hazel Forbes Tea Together Secretary Role vacant Christian Aid Miss Naomi Donaldson

PRESBYTERY OF ENGLAND AND THE CHANNEL ISLANDS

Presbytery Elder Mrs Charlotte Bradford Others (appointed by Presbytery) Miss Elizabeth Fox Dr Peter Mills Mr David Nicolson Mrs Susan Pym Mr Michael Stevenson

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Independent auditor’s report to the trustees of the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation

Opinion

We have audited the financial statements of the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation (the ‘charity’) for the year ended 31 December 2022 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:

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 the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation’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.

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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, 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 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

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 section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under 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,

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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:

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.

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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 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, 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.

21 April 2023 Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

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ST. COLUMBA'S CHURCH OF SCOTLAND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

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		 2022
Unrestricted
Restricted
Total
Funds
Funds†
2022
£
£
£
292,948
10,577
303,525
376,918
-
376,918
58,030
80,490
138,520
115,222
-
115,222
843,118
91,067
934,185
247,970
-
247,970
180,404
30,971
211,375
216,875
-
216,875
7,775
-
7,775
-
48,169
48,169
653,024
79,140
732,164
190,094
11,927
202,021
(290,577)
(401,241)
(691,818)
(100,483)
(389,314)
(489,797)
(2,000)
2,000
-
(102,483)
(387,314)
(489,797)
4,946,659
3,880,936
8,827,595
4,844,176
3,493,622
8,337,798		 2021
Unrestricted
Restricted
Total
Funds
Funds†
2021
£
£
£
265,196
9,607
274,803
309,445
-
309,445
57,080
80,612
137,692
1,470
-
1,470
633,191
90,219
723,410
226,267
-
226,267
137,795
16,478
154,273
184,228
-
184,228
5,269
-
5,269
-
52,638
52,638
553,559
69,116
622,675
79,632
21,103
100,735
126,907
169,855
296,762
206,539
190,958
397,497
(2,000)
2,000
-
204,539
192,958
397,497
4,742,120
3,687,978
8,430,098
4,946,659
3,880,936
8,827,595

† Restricted Funds include the Endowment Fund on which there was no movement in 2021 or 2022. 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 2022

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		 2022
Unrestricted
Restricted
Total
Funds
Funds†
2022
£
£
£
2,401,751
314,742
2,716,493
1,734,849
3,026,024
4,760,873
4,136,600
3,340,766
7,477,366
145,447
-
145,447
287,381
265
287,646
335,057
152,591
487,648
767,885
152,856
920,741
60,309
-
60,309
707,576
152,856
860,432
4,844,176
3,493,622
8,337,798
-
321,717
321,717
-
3,171,905
3,171,905
4,844,176
-
4,844,176
4,844,176
3,493,622
8,337,798		 2021
Unrestricted
Restricted
Total
Funds
Funds†
2021
£
£
£
2,401,438
314,742
2,716,180
2,025,428
3,427,264
5,452,692
4,426,866
3,742,006
8,168,872
45,621
-
45,621
287,381
265
287,646
219,170
138,665
357,835
552,172
138,930
691,102
32,379
-
32,379
519,793
138,930
658,723
4,946,659
3,880,936
8,827,595
-
321,717
321,717
-
3,559,219
3,559,219
4,946,659
-
4,946,659
4,946,659
3,880,936
8,827,595

† Restricted Funds include the Endowment Fund on which there was no movement in 2021 or 2022. 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 17 March 2023

Roderick Buchanan Convener of the Finance Committee 17 March 2023

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ST. COLUMBA'S CHURCH OF SCOTLAND

STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2022

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 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		 2022
£
£
(489,797)
3,100
(138,520)
(99,825)
27,931
(207,314)
(697,111)
138,520
691,818
(3,414)
826,924
129,813
645,481
775,294
487,648
287,646
775,294		 2021
£
£
397,497
3,023
(137,692)
1,707
(9,770)
(142,732)
254,765
137,692
(296,762)
866.55
-
(159,937)
94,828
550,653
645,481
357,835
287,646
645,481

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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, 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 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, communicated to recipients 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 investments note (note 7) and 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.

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2 INCOME
Notes Unrestricted
Restricted
Total
Funds
Funds
2022
Donations and fees(including tax recoveries)
£
£
£
Open plate
27,210
-
27,210
Online Donations
8,474
-
8,474
Planned giving
156,489
-
156,489
Collections for others
5
-
10,577
10,577
Other donations
63,347
-
63,347
Wedding and other service fees
5,946
-
5,946
J.H. Rhynd Bequest
6,432
-
6,432
Other income
25,050
-
25,050
292,948
10,577
303,525
_ Held by the Church of Scotland for the benefit of St Columba's._
Use of premises
Hall hire
376,487
-
376,487
Organ use
431
-
431
Manse Rental
-
-
-
376,918
-
376,918
Investment income
Dividends
57,397
79,641
137,038
Interest
633
849
1,482
58,030
80,490
138,520
Legacies
E Nieuwenhuis
97,010
-
97,010
D Lang
13,367
-
13,367
A E Boyd
4,545
-
4,545
R S Abbot
200
-
200
B E Patterson
100
-
100
115,222
-
115,222
Total income**
843,118
91,067
934,185		 Unrestricted Restricted
Total
Funds
Funds
2021
£
£
£
13,185
-
13,185
10,180
-
10,180
159,370
-
159,370
-
9,582
9,582
62,763
25
62,788
6,052
-
6,052
7,479
-
7,479
6,167
-
6,167
265,196
9,607
274,803
295,260
-
295,260
265
-
265
13,920
-
13,920
309,445
-
309,445
56,181
79,508
135,689
899
1,104
2,003
57,080
80,612
137,692
-
-
-
-
-
-
1,470
-
1,470
-
-
-
-
-
-
1,470
-
1,470
633,191
90,219
723,410

** The Church was notified of legacies which have not been recognised in the accounts as they do not meet our income recognition criteria. They are disclosed here as contingent assets as the value of these assets could not be measured reliably. One legacy has since been received in 2023, with a value of £24,000.

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
2022
£
£
£
240,703
-
240,703
5,698
-
5,698
1,569
-
1,569
247,970
-
247,970
68,487
-
68,487
23,885
16,981
40,866
34,305
-
34,305
16,827
13,800
30,627
3,244
190
3,434
2,284
-
2,284
3,100
-
3,100
28,272
-
28,272
180,404
30,971
211,375
154,552
-
154,552
16,832
-
16,832
5,477
-
5,477
18,681
-
18,681
6,882
-
6,882
11,640
-
11,640
2,811
-
2,811
216,875
-
216,875
4,075
-
4,075
3,110
-
3,110
590
-
590
7,775
-
7,775
-
29,600
29,600
-
10,577
10,577
-
1,564
1,564
-
5,479
5,479
-
949
949
-
48,169
48,169
653,024
79,140
732,164		 Unrestricted Restricted
Total
Funds
Funds
2021
£
£
£
219,378
-
219,378
6,616
-
6,616
273
-
273
226,267
-
226,267
34,836
-
34,836
23,646
7,038
30,684
30,995
-
30,995
4,957
5,980
10,937
10,636
3,460
14,096
2,259
-
2,259
3,023
-
3,023
27,443
-
27,443
137,795
16,478
154,273
135,493
-
135,493
13,486
-
13,486
9,880
-
9,880
9,904
-
9,904
3,973
-
3,973
8,820
-
8,820
2,672
-
2,672
184,228
-
184,228
1,385
-
1,385
2,984
-
2,984
900
-
900
5,269
-
5,269
-
34,500
34,500
-
9,582
9,582
-
1,521
1,521
-
5,260
5,260
-
1,775
1,775
-
52,638
52,638
553,559
69,116
622,675

** Total governance costs in 2022 were £9,720 (2021 £8,820) relating to audit fees

*** The total paid to institutions in 2022 was £40,177 (2021 £44,082) and the total paid to individuals was £7,992 (2021 £8,556).

4 INCOME FROM CHARITABLE ACTIVITIES

Certain of the church's activities, not primarily undertaken to raise money, may produce surpluses for the church.

Income
Costs
£
£
Bookstall
94
-
5 COLLECTIONS FOR OTHERS
Collections were made for others and paid over as follows:
Lenten appeal: CSPB Association* (2021: Play for Progress)
Borderline
Sunday School December Trip
Poppy Scotland
Glass Door
Friends of St Columba's
Choir Fund		 Net

£

94
2022
£
7,170
1,397
979
726
-
300
5
10,577		 2021
£
7,620
-
-
1,237
725
-
-
9,582

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6 TANGIBLE FIXED ASSETS
Cost
Balance at 1 January 2022
Additions during the year
Balance at 31 December 2022
Accumulated depreciation
Balance at 1 January 2022
Charge for the year
Balance at 31 December 2022
Net book value at 31 December 2021
Net book value at 31 December 2022		 Freehold
property
Equipment
Pianos
£
£
£
2,705,787
35,895
17,549
-
3,414
-
2,705,787
39,309
17,549
-
32,522
10,529
-
1,346
1,755
-
33,868
12,284
2,705,787
3,373
7,020
2,705,787
5,441
5,265		 Total
£
2,759,231
3,414
2,762,645
43,051
3,101
46,152
2,716,180
2,716,493

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 four 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 2021
Gain (loss) on revaluation to market value
Market value at 31 December 2022
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
Income Fund Units at cost
8 DEBTORS and PREPAYMENTS
Debtors
Accrued legacies
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
2022
2021
£
£
£
£
£
5,051,405
363,222
38,064
5,452,691
5,155,930
(638,233)
(47,729)
(5,856)
(691,818)
296,761
4,413,172
315,493
32,208
4,760,873
5,452,691
Total
2022
Units
£
Units
£
Units
£
£
421,436
2,593,399
28,182
152,183
2,745,582
172,327
1,819,773
15,465
163,310
3,050
32,208
2,015,291
4,413,172
315,493
32,208
4,760,873
1,734,849
-
-
1,734,849
2,678,323
315,493
32,208
3,026,024
4,413,172
315,493
32,208
4,760,873
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
2022
2021
£
£
39,204
30,444
97,010
-
9,233
15,177
145,447
45,621
Unrestricted
Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
-
6,975
6,975
-
6,975
6,975
335,057
87,208
422,265
219,169
81,132
300,301
-
18,756
18,756
-
15,509
15,509
-
36,866
36,866
-
32,617
32,617
-
2,785
2,785
-
2,433
2,433
335,057
152,591
487,648
219,169
138,666
357,835
2022
2021
£
£
46,338
19,956
11,833
10,357
2,138
2,066
60,309
32,379
House Fund
Funds
Rose Fund
House Fund
St Columba's
Pooled
Alexander
St Columba's		 Pooled
Alexander
Total
Total
Funds
Rose Fund
2022
2021
£
£
£
£
£
5,051,405
363,222
38,064
5,452,691
5,155,930
(638,233)
(47,729)
(5,856)
(691,818)
296,761
4,413,172
315,493
32,208
4,760,873
5,452,691
Total
2022
Units
£
Units
£
Units
£
£
421,436
2,593,399
28,182
152,183
2,745,582
172,327
1,819,773
15,465
163,310
3,050
32,208
2,015,291
4,413,172
315,493
32,208
4,760,873
1,734,849
-
-
1,734,849
2,678,323
315,493
32,208
3,026,024
4,413,172
315,493
32,208
4,760,873
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
2022
2021
£
£
39,204
30,444
97,010
-
9,233
15,177
145,447
45,621
Unrestricted
Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
-
6,975
6,975
-
6,975
6,975
335,057
87,208
422,265
219,169
81,132
300,301
-
18,756
18,756
-
15,509
15,509
-
36,866
36,866
-
32,617
32,617
-
2,785
2,785
-
2,433
2,433
335,057
152,591
487,648
219,169
138,666
357,835
2022
2021
£
£
46,338
19,956
11,833
10,357
2,138
2,066
60,309
32,379
House Fund
Funds
Rose Fund
House Fund
St Columba's
Pooled
Alexander
St Columba's		 Total
Total
2022
2021
£
£
5,452,691
5,155,930
(691,818)
296,761
4,760,873
5,452,691
219,169
138,666
357,835
2021
£
19,956
10,357
2,066
32,379

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11 FINANCIAL INSTRUMENTS 2022 2021
Financial assets measured at fair value through profit and loss £ £
Investments * 4,760,873 5,452,691
* 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 2022 1 January Income Gains & Expenses Transfers 31 December
£ £ £ £ £ £ £
General congregational funds 4,946,659 58,029 (290,577) 785,088 (653,023) (2,000) 4,844,176
Endowment Fund 321,717 - - - - - 321,717
Charitable restricted funds
J Murray Napier Fund 2,645,911 59,916 (300,026) - (29,600) - 2,376,201
Benevolent Fund 124,263 2,846 (14,090) - (1,564) 2,000 113,455
Alexander Rose Memorial Fund 394,802 9,729 (47,730) - (5,480) - 351,321
St Columba's House Fund 40,497 1,302 (5,855) - (949) - 34,995
Collections for others - - - 10,577 (10,577) - -
3,205,473 73,793 (367,701) 10,577 (48,170) 2,000 2,875,972
Other restricted funds
Ramsay Fabric Fund 215,090 4,871 (24,390) - (20,969) - 174,602
Scots in Great War London 5,970 - - - - - 5,970
50th Anniversary Appeal Fund 51,993 - - - (10,002) - 41,991
Sir Alec and Lady Martin Fund 9,338 211 (1,059) - - - 8,491
Sir Alec Martin Fund 1,238 28 (140) - - - 1,126
William R R Wilson Fund 70,117 1,588 (7,951) - - - 63,754
353,746 6,698 (33,540) - (30,971) - 295,933
8,827,595 138,520 (691,818) 795,665 (732,164) - 8,337,798
Balance at Investment Investment Other Payments Net Balance at
For year ended 31 December 2021 1 January Income Losses & Expenses Transfers 31 December
£ £ £ £ £ £ £
General congregational funds 4,742,120 57,080 126,907 576,110 (553,558) (2,000) 4,946,659
Endowment Fund 321,717 - - - - - 321,717
Charitable restricted funds
J Murray Napier Fund 2,486,409 60,187 133,815 - (34,500) - 2,645,911
Benevolent Fund 114,823 2,781 6,180 - (1,521) 2,000 124,263
Alexander Rose Memorial Fund 375,168 9,571 15,325 - (5,261) - 394,803
St Columba's House Fund 41,728 1,220 (702) 25 (1,775) - 40,497
Collections for others - - - 9,582 (9,582) - -
3,018,128 73,759 154,618 9,607 (52,639) 2,000 3,205,473
Other restricted funds
Ramsay Fabric Fund 208,279 5,042 11,209 - (9,440) - 215,090
Music Fund - - - - - - -
Scots in Great War London 5,970 - - - - - 5,970
50th Anniversary Appeal Fund 59,031 - - - (7,038) - 51,993
Sir Alec and Lady Martin Fund 8,662 210 466 - - - 9,338
Sir Alec Martin Fund 1,149 27 62 - - - 1,238
William R R Wilson Fund 65,043 1,574 3,500 - - - 70,117
348,133 6,853 15,237 - (16,478) - 353,745
8,430,098 137,692 296,762 585,717 (622,675) - 8,827,595

Charitable Restricted Funds

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.

Other Restricted Funds

The Ramsay Fabric Fund is used for building maintenance.

The Scots in Great War London initiative is to digitalise the church magazines (£5,970 available at year end; no expenditure during 2022). 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 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.

��

ST. COLUMBA'S CHURCH OF SCOTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 December
£
£
£
£
£
£
£
1,619
3
-
-
-
-
1,622
4,810
-
506
(1,459)
-
-
3,857
1,350
-
-
(160)
-
-
1,190
6,986
3,091
1,767
(4,265)
-
-
7,579
14,765
3,094
2,273
(5,884)
-
-
14,248

The above organisations are not fully consolidated in the financial statements as day to day decisions are not controlled by Kirk Session. The Flower Guild balance includes the amount held with the Church within Creditors (church organisations).

14 EMPLOYEES

St Columba's employed 8 full- or part-time employees during the year (2021: 7). The average full-time equivalent number was 4 (2021: 4) and their total cost was £146,552 (2021 £131,420). Payments to the trustee and son of the trustee detailed in note 15 are not included in this figure. Remuneration consisted of gross pay £130,116 (2021 £117,934), employer's NIC £5,810 (2021 £4,986) and pension contributions £10,626 (2021 £8,499). 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 (2021 nil).

15 TRUSTEES

No trustee received remuneration or reimbursement of personal expenses in the year to 31 December 2022 (2021 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 F Gardner, received £2,585 (2021 £1,062) for acting as a relief administrator, as permitted by the Charity Commissioners. Mr PW Bradford, the son of a trustee, was in receipt of £41 (2021 £135) as a relief caretaker.

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 2022 was £nil (2021 £nil). No contract was entered into for which work commenced after 31 December 2022 (2021 none).

No contract for which work had not yet commenced had been entered into at 31 December 2022 (2021 none).

18 INSURANCE

Premiums totalling £28,272 (2021 £27,443) 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.

��