OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

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The financial period details we currently hold for your charity are:

If the financial period end dates displayed are incorrect, you can change them in the Change the charity - - - - - financial period (../../group/change financial period/change my financial period) service.

Definition of financial period

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Please enter the charity's income and spending in the financial period for this annual return in the boxes provided. Please round all figures to the nearest pound (do not enter decimal points or commas).

If your charity is part of a group and has prepared group accounts, then please use the group figures to complete the annual return. (Group accounts are only required where group income is more than £1m.)

What to include here

Please round all figures to the nearest pound (do not enter decimal points or commas). If your charity did not have any income, enter 0 (zero).

£38148000

What to include here

Please round all figures to the nearest pound (do not enter decimal points or commas). If your charity did not have any spending, enter 0 (zero).

£48741000

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In the financial details section you will be asked to enter key financial information from your accounts, including total income.

The total income from your Statement of Financial Activities should match the gross income you have entered here, unless your charity has received endowments during the year, or made transfers from your endowment to your income funds. If this is the case you should exclude these amounts from the total income you enter here.

Please check the gross income figure you have entered here is correct.

The gross income amount you have entered is thirty eight million one hundred forty eight thousand pounds (£38,148,000)

The spending amount you have entered is forty eight million seven hundred forty one thousand pounds (£48,741,000)

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The Charity Commission requires charities to report serious incidents.

A serious incident is an adverse event, whether actual or alleged, which results in or risks significant loss of your charity’s money or assets, harm to people who come into contact with your charity through its work, damage to your charity’s property or harm to your charity’s work, beneficiaries or reputation.

The main categories of reportable incidents are:

If a serious incident takes place, you need to report what happened and explain how you are dealing with it, even if you have reported it to the police, donors or another regulator.

Please read the guidance on GOV.UK (https://www.gov.uk/guidance/how-to-report-a-serious-incident-inyour-charity) to help you decide what information you need to provide to us.

Yes

No

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Definition of raising funds from the public

Yes

No

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Definition of grant making

Yes

No

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Definition of contracts

Definition of central government and local authorities

Yes

No

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Yes
No
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Abu Dhabi Afghanistan Ajman Akrotiri Aland Islands Albania Algeria American Samoa Andorra Angola A ill

Add by selecting from 'Other Countries/territories' list and then click 'Add'

Add

Remove by selecting from 'Countries/territories where your charity received income from' list and then click 'Remove'

Remove

France Sort by continent

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Please round all figures to the nearest pound (do not enter decimal points or commas). If your charity did not have any income from the source, please enter zero.

Specify the source and amount of income from the options below:

The sources and amounts to include

Country/
territory
France		 Overseas
government
or quasi
government
bodies
0
£		 Overseas
charities,
NGO's or
NPO's
0
£		 Other
overseas
institutions
0
£		 Individuals
resident
overseas
(for
example
school fees
and
memberships)
0
£		 Unknown /
Do not
know
3402000
£		 Total per
country/
territory
3402000
£

Total Funds Received

£3402000

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Definition of operate

Yes No

----- Start of picture text -----
Abu Dhabi
Afghanistan
Ajman
Akrotiri
Aland Islands
Albania
Algeria
American Samoa
Andorra
Angola
A ill
----- End of picture text -----

Add by selecting from 'Other Countries/territories' list and then click 'Add'

Add

Remove by selecting from 'Countries/territories where your charity operates' list and then click 'Remove'

Remove

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France
Northern Ireland
Scotland
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Sort by continent

Please round all figures to the nearest pound (do not enter decimal points or commas)

If your charity did not spend any money in the country, please enter zero.

Note: If your charity operated in Northern Ireland or Scotland, you are not required to provide a value for spending for either of these countries.

France Northern Ireland Scotland

£3266000

Total

£3266000

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Definition of the regulated banking system

Yes

No

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Yes

No

Yes

No

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Definition of a subsidiary

Yes

No

Yes

No

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How to answer this question?

Yes No

Yes

No

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What to include?

An employee (or member of staff) is a person who has entered into or works (or has worked) under the terms of a contract of employment with the charity, whether such contract is expressly agreed (in writing or orally) or implied by the nature of the relationship.

"Employee benefits" are all forms of consideration paid by a charity in exchange for service rendered by its employees, and include all remuneration, salary, benefits, profit-sharing and bonuses, employer's pension contributions and any termination payment made. For charities with employee members of a defined benefit pension scheme, employee benefits include the change in the net defined liability arising from employee service rendered during the reporting period and the cost of plan introductions, benefit changes, curtailments and settlements.

Select No if your charity does not have any staff or does not pay any staff.

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Yes
No
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£70,001 to £80,000 £70,001 to £80,000 £70,001 to £80,000 £150,001 to £200,000 £60,000 to £70,000 £60,000 to £70,000 £140,001 to £150,000
8 20
£90,001 to £100,000 £250,001 to £300,000 £80,001 to £90,000 £200,001 to £250,000
2 7
£110,001 to £120,000 £100,001 to £110,000
£350,001 to £400,000		 £300,001 to £350,000
2 1
£130,001 to £140,000 £450,001 to £500,000 £120,001 to £130,000 £400,001 to £450,000
Over £500,000

(For example if your highest paid member of staff received £35,000 enter 35000). If you do not have any staff or did not pay any staff, enter 0 (zero)).

£114000

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Definition of volunteer

Enter a number

61000

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What does this mean

Yes

No

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Select Yes if there are no trustees, employees or volunteers in roles that are eligible for these types of DBS checks.

What does this mean?

Yes

No

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You will need a final version of the published accounts to fill in the financial details section. The trustees should ensure that this section is completed by a competent person who is familiar with the charity's accounts.

The information you need to complete this section will generally be found in the statement of financial activities (SoFA).

When completing this section you may wish to look at Charities SORP (http://www.charitysorp.org/download-a-full-sorp)

Please indicate whether the information that you are giving is based on group accounts or charity-only accounts by clicking on the relevant account type. If you have prepared group accounts, please use these to complete the following section.

Group accounts Definition of group accounts

Charity only accounts Definition of charity only accounts

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All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

The information you need to complete this section will generally be found in the Statement of Financial Activities (SoFA).

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

----- Start of picture text -----
Definition of donations and legacies Definition of investment income
----- End of picture text -----

£37043000

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£0
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Definition of income from charitable activities

----- Start of picture text -----
Definition of legacies
£0
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£280000
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Definition of other income

----- Start of picture text -----
Definition of endowments £825000
£0
----- End of picture text -----

Definition of other trading activities

£0

Definition of total income and endowments

£38148000

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All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

The information you need to complete this section will generally be found in the Statement of Financial Activities (SoFA).

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

Definition of expenditure on raising funds

Definition of expenditure on charitable activities

£0

£43937000

Definition of investment management costs £0

Definition of grants to institutions

£0

Definition of other expenditure

£4804000

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Definition of governance costs
£53000
----- End of picture text -----

Definition of total expenditure

£48741000

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The information you need to complete this section will generally be found in the Statement of Financial Activities (SoFA).

All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

This figure should be prefixed with the minus symbol if it is a negative value.

This figure should be prefixed with the minus symbol if it is a negative value.

Definition of revaluation of fixed assets

Definition of net gains/(losses) on investments

£0

£0

This figure should be prefixed with the minus symbol if it is a negative value.

This figure should be prefixed with the minus symbol if it is a negative value.

Definition of other gains/losses

Definition of actuarial gains/losses

£0

£-2277000

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All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

The information you need to complete this section will generally be found in the Balance Sheet.

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

Definition of total fixed assets

Definition of total current assets

£256090000

£14782000

Definition of fixed assets investments

£0

Definition of current asset investments £1000

Definition of cash at bank and in hand £4361000

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All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

The information you need to complete this section will generally be found in the Balance Sheet.

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

Definition of creditors due within one year

This figure should be prefixed with a minus symbol if it is a negative value

£3440000

Definition of defined benefit pension scheme asset/liability

£-19724000

Definition of creditors falling due after one year and provisions

£0

Definition of Total net assets/(liabilities)

£247708000

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The information you need to complete this section will generally be found on the Balance Sheet or in the notes to the accounts.

All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Fields that are indented provide additional information and are included in the figures for the field above.

The indented fields may not represent the whole amount.

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

Definition of endowment funds Definition of unrestricted funds £0 £240083000

Definition of restricted funds

£7625000

Definition of total funds

£247708000

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The information you need to complete this section will generally be found in the notes to the accounts.

All fields are mandatory - Enter 0 (zero) if the field does not apply to your charity.

Enter figures to the nearest pound and restate them in pounds if the accounts have, for example, been prepared to the nearest thousand. Do not enter decimal points or commas.

Definition of support costs Definition of level of reserves

£20832000

£237708000

Definition of depreciation charge for the year Definition of average number of employees

£7714000

218

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You are required to submit your Trustees' Annual Report and accounts for this financial period. Do you wish to do this now?

Yes

No

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You are required to submit your Trustees' Annual Report and accounts for this financial period.

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����������������������������������������������������������

The�Church�of�Jesus�Christ�of�Latter�day�Saints�(Great�Britain)� (An�unlimited�company�and�registered�charity)�

Annual�report�and�consolidated�financial�statements�

for�the�year�ended�31�December�2020�

Company�number:� 00699764� Charity�number:� 242451� Charity�number�(OSCR):� SC045978�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Index�to�Annual�report�and�financial�statements�

Page
Reportofthetrustees 2�24
Independentauditor’sreport 25�28
Consolidatedstatementoffinancialactivities 29
Charitystatementoffinancialactivities 30
Consolidatedbalancesheet 31
Consolidatedstatementofcashflows 32
Notestothefinancialstatement 33�48

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

The�trustees�are�pleased�to�present�their�report�together�with�the�audited�financial�statements�of� The�Church�of�Jesus�Christ�of�Latter�day�Saints�(Great�Britain)�(“Charity”)�for�the�year�ended�31� December�2020.�

Legal�and�administrative�details�

� Charity�numbers: Charity�Commission:�242451� OSCR:�SC045978�

� Auditors: Grant�Thornton�UK�LLP�� The�Colmore�Building� 20�Colmore�Circus� Birmingham�B4�6AT�

� Bankers: HSBC�� 34�Poplar�Road,�� Solihull,�West�Midlands,�B91�3AF�

Citibank� CitiGroup�Centre,�� 33�Canada�Square,�London,�E14�5LB� � Solicitors: Devonshires�� 30�Finsbury�Circus,�� London,�EC2M�7DT� Daniel�Clifford�Law�LLP� 76�Caledonian�Road,�� London,�N1�9DN�

The�directors�of�the�Charity�are�its�trustees�for�the�purpose�of�charity�law�and�throughout�this report�are�collectively�referred�to�as�the�trustees.�The�trustees�serving�during�the�year�were�as follows:

Brian�Cordray� Christian�Ottiker�� appointed�4[th�] March�2019� J. Roberto�Hernandez appointed�31[st] �December�2019�

None�of�the�trustees�have�qualifying�third�party�indemnity�insurance.�

� Area�Controller: Europe�Area�Controller Richard�Smith�

2�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Structure,�governance�and�management�

The�Church�of�Jesus�Christ�of�Latter�day�Saints�(Great�Britain)�is�an�unlimited�company�and�a� registered�charity.��The�Charity�is�governed�by�its�Memorandum�and�Articles�of�Association�which� were�last�amended�on�22�June�2015.�

As�set�out�in�the�Articles�of�Association,�new�or�additional�directors�(trustees)�are�to�be�appointed�by� the�shareholder�The�Church�of�Jesus�Christ�of�Latter�day�Saints�(“CHC”),�providing�such�persons�are� willing�so�to�act,�either�to�fill�a�vacancy�or�as�an�additional�trustee.�

The�shareholder�will�also�determine�the�rotation�and�time�in�which�trustees�are�to�retire.��Currently� no�term�is�fixed.�Trustees�shall�not�be�less�than�two�or�more�than�seven�in�number.�The�shareholder� may,�from�time�to�time,�vary�the�minimum�or�maximum�number�of�directors�(trustees).�

New�trustees�undergo�orientation�training�to�brief�them�on�their�legal�obligations�under�charity�and� company�law,�the�content�of�the�Memorandum�and�Articles�of�Association,�the�committee�and� decision�making�processes,�the�business�plan�and�recent�financial�performance�of�the�Charity.�During� the�year�updates�are�sent�to�the�trustees�on�topical�issues�of�which�they�need�to�be�aware.��Further� briefings�and�training�are�provided�at�the�Annual�board�meeting�at�the�end�of�the�year.�

Trustees�are�updated�and�advised�on�legal�issues�by�Daniel�Clifford�Law�LLP�solicitors.�

The�parent�organisation�of�the�Charity,�The�Church�of�Jesus�Christ�of�Latter�day�Saints�(“Church”),�is� directed�by�the�First�Presidency�supported�by�the�Quorum�of�the�Twelve�Apostles�and�various� quorums�of�the�Seventy.�Members�of�these�quorums�are�called�General�or�Area�Authorities,�three�of� whom�are�assigned�to�serve�as�an�Area�Presidency�within�each�specific�geographic�area.�

Throughout�the�world�a�number�of�Area�Presidencies�are�assigned�to�administer�the�day�to�day� affairs�of�the�Church�on�behalf�of�the�First�Presidency.�One�of�these�Area�Presidencies�is�based�in� Frankfurt,�Germany�and�has�the�responsibility�for�the�administration�and�operation�of�the�Church�in� Europe.�The�Europe�Area�Presidency�provides�ecclesiastical�direction�for�the�Church�in�Europe�and� oversees�the�Church’s�lay�ministry.�

Ecclesiastical�direction�is�given�to�the�Charity�via�the�shareholder�and�is�reflected�in�the�various� department�and�budget�requests�which�are�reviewed�by�the�trustees�or�their�delegates�annually� prior�to�them�being�submitted�to�Church�headquarters�for�approval.�

The�Charity�also�administers�operations�in�France�through�an�officially�registered�branch.�

3�

����������������������������������������������������������

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Structure,�governance�and�management�(continued)�

Within�this�framework,�the�board�of�trustees�administers�the�affairs�of�the�Charity.�The�board�meets� at�least�once�a�year.�In�the�fourth�quarter�of�each�year,�the�Finance�department�reports�to�the� trustees�on�the�prior�year’s�financial�performance�and�achievements�as�outlined�in�annual�reports� submitted�by�department�heads.�Trustees�participate�in�the�setting�of�budgets�for�the�following�year� which�are�monitored�via�delegation�of�the�trustees�to�the�Area�Controller.�

In�addition,�the�trustees�are�made�aware�of�progress�and�achievements�throughout�the�year�and� other�trustee�meetings�are�held�as�necessary.�

� Employees

The�Charity�has�the�policy�of�ensuring�that�its�employees�are�able�to�meet�the�necessary� requirements�of�their�position�and�are�up�to�date�on�any�developments�required�for�their�position.� This�is�achieved�in�a�variety�of�ways:�

The�Charity�conducts�its�application�and�interview�processes�so�that�there�will�be�an�equal� opportunity�for�employment�consideration�of�all�individuals�with�a�disability�who�meet�the�skill,� experience,�education,�and�other�requirements�for�the�desired�position.�The�Charity�will�make� reasonable�adjustments�to�allow�qualified�applicants�with�a�disability�to�participate�in�the�application� process.�A�qualified�individual�with�a�disability�will�be�given�the�opportunity�to�explain�or� demonstrate�his�or�her�ability�to�perform�the�essential�functions�of�the�desired�position.�Where�any� employees�become�incapacitated�during�their�employment,�they�are�entitled�to�receive�long�term� disability�benefits�from�the�Charity.�

On�training�and�career�development�issues,�there�is�no�distinction�made�between�disabled�and�non� disabled�employees.�The�same�opportunities�are�available�to�all�staff,�irrespective�of�disability.�The� key�emphasis�is�on�the�technical�ability�of�each�employee.�

4�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Structure,�governance�and�management�(continued)�

The�Charity�is�owned�solely�by�CHC,�a�company�incorporated�in�the�state�of�Utah,�United�States�of� America.��

The�Charity�has�a�close�relationship�with�its�sister�charity,�the�Irish�Association�of�The�Church�of�Jesus� Christ�of�Latter�day�Saints�Company�Limited�by�Guarantee�(“The�Irish�Association”).�There�is�regular� cooperation�between�the�charities.�

The�Charity�owns�100%�of�the�£1�ordinary�share�capital�of�Oliver�House�Limited�(“OHL”),�(company� number�09795165),�a�private�company�limited�by�shares.�The�principal�activity�of�OHL�is�construction� of�real�estate.�The�trustees�deemed�it�proper�to�acquire�said�company�for�the�furtherance�of�one�of� its�statutory�objectives,�namely�the�provision�of�buildings�and�facilities�for�religious�worship.�The� results�of�OHL�have�been�presented�as�part�of�the�consolidated�financial�statements�and�related� disclosure�notes.�

During�2019�the�Charity�had�transactions�with�Covent�Garden�IP�Limited�(“CGIP”).�CGIP�is�owned�by� Property�Reserve�Inc,�a�Utah�non�profit�corporation�(“PRI”).�One�of�the�trustees�and�officers�of�PRI�is� also�an�authorised�agent�of�CHC,�consequently�CGIP�is�treated�as�a�related�party�in�this�report�and� financial�statements.�

Objectives�and�activities�

The�Europe�Area�Presidency,�based�in�Germany,�have�presented�the�Europe�Area�Plan�consisting�of�3� initiatives:��

The�Charity�has�the�overall�aim�of�assisting�the�Church�to�fulfil�these�goals,�which�grow�its� membership,�and�to�provide�facilities�for�them.�It�also�reaches�out,�works�with,�and�provides�services� to�the�wider�community.��The�Charity�assists�members�of�the�Church�and�others�in�need�of�religious� assistance�or�in�conditions�of�need,�hardship,�sickness�or�distress.�

The�object�of�the�Charity�is:��

5�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Objectives�and�activities�(continued)�

The�Charity�achieves�its�objective�and�supports�the�Europe�Area�Plan�in�the�following�ways:�

One�of�the�primary�objectives�of�the�Charity�is�to�provide�temples�and�meetinghouses�to�enable� religious�worship�to�be�undertaken�by�members�of�the�Church�and�others.�Worship�services�are�held� each�Sunday�in�meetinghouses.�The�Charity�has�the�responsibility�for�construction�of�new� meetinghouses�where�the�need�arises.�The�Charity�also�deals�with�external�contractors,�architects� and�other�consultants�directly�to�achieve�this�goal.��

� Religious�education

Worship�services�are�held�each�Sunday�in�meetinghouses�where�members�and�non�members�are� invited�to�attend�and�learn�about�Jesus�Christ�and�how�adopting�his�teachings�benefits�all.��These� services�are�open�to�the�public.�Various�other�meetings�are�held�throughout�the�rest�of�the�week.�

The�smallest�congregation�in�the�Church�is�a�Branch.�Larger�congregations�are�called�Wards.�All� members�of�the�Church�belong�to�a�designated�Branch�or�Ward.�Groups�of�Branches�and�Wards�are� called�Districts�and�Stakes�respectively.�These�are�created�to�facilitate�the�administration�of�the� Church.�

The�Church�has�no�paid�ministry�and�thus�local�members�fill�leadership�positions.�Men�and�women� volunteer�their�time�to�serve�in�whatever�position�they�are�called.�Ecclesiastical�functions�in�the� various�congregations�are�carried�out�on�a�volunteer�basis.�Administrative�support�and�ecclesiastical� direction�are�provided�from�the�Church’s�European�headquarters�in�Frankfurt,�Germany.�

� Religious�materials

The�Charity�supplies�religious�materials�to�members�of�the�Church�and�others�to�help�them�in�their� Church�work�and�to�improve�their�learning.�Many�materials�are�provided�free�of�charge.��

Magazines�and�other�religious�training�materials�are�also�contained�on�the�Church’s�United�Kingdom� and�worldwide�website�www.churchofjesuschrist.org.�

� Missionary�work

A�key�objective�is�missionary�work,�and�the�Charity�assists�in�the�funding�of�missionary�activities�in� the�United�Kingdom.�Missionaries�teach�people�about�the�Church�and�also�undertake�service�projects� in�the�local�community.��

6�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Objectives�and�activities�(continued)�

Family�history�or�genealogical�research�is�a�major�interest�and�leading�hobby�for�many�people�in� Great�Britain.�Online�resources,�including�searchable�databases�and�images�of�original�records,� continue�to�grow,�through�records�preservation�and�filming,�volunteer�indexing�and�family�history� research.�The�Church�provides�FamilySearch�(at�www.familysearch.org)�free�of�charge�to�everyone,� regardless�of�tradition,�culture,�or�religious�affiliation.�Originally�intended�for�Church�members,� FamilySearch�resources�help�millions�of�people�around�the�world�discover�their�heritage�and�connect� with�family�members.�For�members�of�the�Church,�family�history�research�is�a�tenet�of�their�faith.��

There�are�no�paid�employees�in�Family�History�Centres.�They�are�staffed�by�volunteers,�with�95%�of� these�being�members�of�the�Church.�

One�of�the�aims�of�the�Family�History�Department�is�to�deliver�more�records�to�more�people�and� faster�by�providing�timely�access�to�the�broadest�set�of�family�history�records�possible.��

The�Charity�encourages�members�of�the�Church�to�become�actively�involved�in�their�local�community� and�provides�training�materials�to�assist�with�this.�Community�service�activities�are�held�throughout� the�Church’s�congregations�in�the�United�Kingdom.�

The�Charity�undertakes�certain�public�affairs�projects�during�the�year�to�ensure�that�the�general� public�has�a�clear�understanding�of�what�the�Church�teachings�stand�for.�

Self�reliance�is�the�ability,�commitment,�and�effort�to�provide�the�spiritual�and�temporal�necessities� of�life�for�self�and�family.�As�members�become�self�reliant,�they�are�also�better�able�to�serve�and�care� for�others.�To�promote�this�objective�the�Welfare�and�Self�Reliance�operations�within�the�UK�provide� training�to�local�church�leaders�and�specialists,�establish�and�train�regional�self�reliance�committees� and�facilitate�the�formation�of�self�reliance�workgroups.�These�groups�combine�practical�skills�with� gospel�principles�to�help�people�strengthen�their�faith�in�Jesus�Christ�and�overcome�temporal� challenges.�Groups�are�focused�on�one�of�four�topics:�employment,�education,�personal�finances,�or� starting�and�growing�a�small�business.�

Public�benefit�

The�trustees�receive�training�on�the�guidance�on�public�benefit�published�by�the�Charity�Commission� in�exercising�their�powers�and�duties,�including�the�supplementary�public�benefit�guidance�for� charities�whose�aims�include�advancing�religion.�The�next�training�will�take�place�at�the�Annual� General�Meeting.�

7�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report���Achievements�and�performance�

Church�membership�in�the�United�Kingdom�stood�at�186,734�at�31�December�2020�(2019:�188,187).� In�Scotland�alone,�total�membership�amounted�to�15,781�at�31�December�2020�(2019:�15,927).�

At�the�year�end,�in�the�United�Kingdom,�there�were�45�Stakes�comprising�279�Wards�and�40� Branches�(2019:�45�Stakes,�279�Wards,�41�Branches).�In�Scotland�alone,�there�were�5�Stakes� comprising�25�Wards�and�11�Branches�(2019:�5�Stakes,�25�Wards,�11�Branches).�At�the�year�end,�the� Charity�owned�271�(2019:�272)�meetinghouses�accommodating�the�Wards�and�Branches.���

During�2020,�the�Charity�leased�or�rented�23�premises�(2019:�23)�including�4�in�Scotland�(2019:�4)�to� house�Wards�and�Branches�that�do�not�yet�qualify�for�their�own�meetinghouse.�

In�2020�the�following�building�related�costs�were�incurred:�

o Worship�facilities�Addition�Projects�including�remodels�for�space�improvements,�roof� replacements�and�car�park�additions�

o WorshipfacilitiesAdditionProjectsincludingremod
replacementsandcarparkadditions		 elsforspa ceimproveme nts,roof
Completedin2020–Inverness,LondonTempleand
Catford £3,271,000
Constructioncontinuedin2020–Manchesterand
Lisburn £261,000
Constructionstartedin2020–Gorleston,Bradford,
LondonTempleandPrestonTemple £751,000
o RealEstateProjects
Acquisitionscompletedin2020�0 £0
o MeetinghouseReplacementandImprovement(R&I)Projects
MeetinghouseR&Iprojectscompletedin2020–123 £3,387,000
o MeetinghouseOperationalandMaintenanceCosts
31December2020 31December2019
Annualcosts £10,297,000 £11,180,000
Totaloperationalsquarefeet 2,260,000 2,248,000

Operational�costs�include�rent,�cleaning,�minor�maintenance,�grounds�care,�phone,�utilities�and� administration�costs.�

8�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report���Achievements�and�performance�(continued)�

During�2020�there�were�454�convert�baptisms�in�the�United�Kingdom�of�which�64�were�recorded�in� Scotland.�The�Charity�continues�to�assist�with�the�funding�of�missionary�programmes�and�operates�5� missions�in�the�United�Kingdom�of�which�one�is�in�Scotland.��

Each�mission�has�a�financial�secretary�to�administer�the�financial�matters�of�that�mission.� Administrative�support�is�also�provided�from�the�Area�Office�located�in�Frankfurt,�Germany�and�from� the�head�office�at�187�Penns�Lane,�Sutton�Coldfield.��

Overall,�the�missionary�programme�for�2020�finished�within�budget.�Costs�directly�associated�with� the�programme�amounted�to�£7,129,000�in�2020�(2019:�£8,600,000).�The�decrease�is�mainly� attributable�to�reduced�travel�expenditure�arising�from�Covid�19�restrictions.�

In�the�United�Kingdom,�the�charity�now�operates�126�Family�History�Centres�(2019:�124).� These�research�facilities�are�used�extensively�by�members�of�the�public,�with�approximately�70%�of� patrons�not�being�members�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints.�Covid�19�had�a� significant�impact�on�the�use�of�these�facilities�which�have�remained�closed�from�the�lockdown�in� March�2020.�The�lockdown�also�reduced�our�ability�to�meet�with�archives�and�capture�images.�

Achievements�during�2020�included:�

9�

����������������������������������������������������������

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Strategic�Report���Achievements�and�performance�(continued)�

To�counter�the�restrictions�enforced�by�Covid�19,�training�of�regional�self�reliance�committees,� training�of�new�and�additional�specialists�in�the�operational�activities�and�other�training�related� responsibilities�were�provided�in�virtual�meetings.�The�training�and�support�provided�to�local�leaders� included�setting�up�an�online�expression�of�interest�survey�form,�to�supplement�evaluation�sessions,� that�allow�people�to�complete�self�assessments�relating�to�their�emotional�health,�well�being,� education,�personal�financial�and�career�needs.��

Self�reliance�workgroups�continued�across�the�country�at�various�meetinghouse�locations�in�the�very� early�part�of�2020�and�then�virtually�during�Covid�19�restrictions.�The�workgroups�bring�people� together�to�support�each�other�in�working�through�resource�material�produced�by�the�Church�to�help� plan�personal�efforts�to�find,�or�improve�paid�employment�opportunities,�start�or�grow�a�business,�or� identify�opportunities�in�further/higher�education�in�order�to�improve�employment�opportunities.� During�2020�a�total�of�21�projects�were�funded.�

A�new�course�for�Emotional�Resilience�for�Self�Reliance�was�approved�and�has�become�the�one�in� greatest�demand.�

Two�full�time�senior�missionary�couples�run�two�Outreach�Centres�in�Peckham�and�Wembley,�in� London,�focussed�on�helping�immigrants�transition�to�living�in�the�UK�by�offering�free�English� conversational�classes�and�partnering�with�other�charities�in�providing�support�such�as�cookery� classes�and�improving�employability�skills.�Senior�missionaries�also�assist�local�congregations�in� providing�support�within�their�local�communities,�in�association�with�partner�charities,�to�provide� resources�to�food�banks,�women’s�refuge�centres�and�emergency�responses�to�flood�affected� families.�A�number�of�projects�during�the�year�were�focussed�on�Covid�19�related�issues.�

During�2020�116�self�reliance�groups�for�individuals�(with�12�located�in�Scotland)�were�held�in�the�UK� with�607�participants�(including�69�in�Scotland).�These�activities�helped�to�accomplish�401�new�starts� for�individuals�(of�which�51�were�in�Scotland)�including�emotional�resilience,�improved�employment,� starting�businesses�and�starting�to�budget.�

Work�also�continued�to�identify�and�access�national�and�local�resources�of�various�kinds�in�order�to� support�the�operations�of�local�leaders�in�working�with�the�members�in�the�self�reliance�groups�and� centres.�

10�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report���Achievements�and�performance�(continued)�

During�2020�The�Charity�undertook�the�following�major�community�initiatives:�

o February:�Storm�Damage�clearance�

In�Pontypridd,�Church�volunteers�provided�over�5,000�hours�of�service,�clearing�up�following� severe�local�damage�caused�by�Storm�Ciara�and�Storm�Dennis.��

BBC�Radio�Northampton�broadcast�a�goodwill�Easter�message�from�a�Church�representative,� promoting�the�need�for�community�support�during�Covid�19,�and�describing�how�members�of�our� congregations�are�involved�in�service�activities.�

The�Church�teamed�up�with�York�Interfaith�to�host�the�event�‘Faith,�Technology,�and�the� Internet,’�about�how�latest�technology�can�connect�people�and�support�interfaith�goodwill.�

Paisley�Stake�led�a�community�initiative�to�produce�more�than�5,000�face�masks�during�the�Covid� 19�pandemic.�

River�Wey�Ward,�Staines�Stake�provided�their�building�to�the�local�Muslim�community�as�a� temporary�place�in�which�to�worship.�

o November:�Remembrance�Service�

Church�representatives�attended�the�National�Service�of�Remembrance�at�the�Cenotaph,� Whitehall.�

11�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report���Achievements�and�performance�(continued)�

The�Church�published�results�of�a�Savanta�ComRes�poll�it�commissioned,�showing�that�people�in� the�UK�are�especially�thankful�for�family�during�the�pandemic.�

A�Covid�19�vaccination�centre�was�set�up�at�the�Harborne�meetinghouse,�Birmingham.�

12�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report�–�Financial�Review�

� Summary�

Each�year�the�trustees�carry�out�a�review�of�departmental�performance�in�the�Charity.�They�review� the�previous�year’s�achievements�and�suggest�additional�performance�measures�as�necessary�to� achieve�the�next�year’s�desired�results�within�the�approved�budgets.���

Costs�were�maintained�within�budget.�Excluding�the�one�off�donation�of�£103,289,000�made�in�2019� total�expenditure�decreased�from�£50,448,000�in�2019�to�£46,104,000�in�2020.�This�was�primarily� due�to�a�decrease�both�in�facility�expenses�and�in�missionary�expenses.�Facility�expenses�reduced�as� buildings�were�not�in�use�and�repair�programmes�were�curtailed�during�the�Covid�19�pandemic.� Reduced�missionary�numbers,�also�as�a�result�of�Covid�19,�led�to�savings�in�living�and�travel� expenditure�during�2020.�

Restricted�funds’�expenditure�decreased�from�£10,646,000�in�2019�to�£8,713,000�in�2020�as�a�result� of�reduced�missionary�numbers.�

Incoming�resources�decreased�from�£146,742,000�in�2019�to�£37,797,000�in�2020.�The�2019�figures� included�grant�funding�for�the�purchase�of�Alder�Castle,�£2,435,000�rental�receipts�from�Alder�Castle� and�profit�on�asset�disposals,�including�the�sale�of�2�properties,�of�£2,162,000.�

Unrestricted�and�restricted�donations�from�individuals�showed�an�eight�percent�decrease�year�on� year,�due�in�part�to�the�impact�of�Covid�19.�

Resources�expended�exceeded�incoming�resources�for�the�year�by�£8,307,000�and�after�accounting� for�an�actuarial�loss�the�decrease�in�funds�was�£10,584,000�for�the�year.�

The�Charity’s�wholly�owned�trading�subsidiary,�OHL,�ceased�its�efforts�to�seek�planning�and�building� permission�for�the�London�property�it�owns.��There�were�many�complex�issues�and�restrictions�which� meant�that�the�existing�plans�would�be�unlikely�to�obtain�the�required�permissions.��The�directors�are� still�considering�their�ongoing�plans�for�the�property�which�could�include�a�future�sale�on�the�open� market.�

Under�the�Memorandum�and�Articles�of�Association,�the�Charity�has�the�power�to�invest�in�any�way� the�trustees�deem�to�be�in�the�best�interests�of�the�Charity.��The�Charity’s�objective�is�to�maintain� high�liquidity�while�ensuring�maximum�security�and�achieving�the�highest�possible�return.�

13�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report�–�Financial�Review�(continued)�

Total�charity�funds�held�at�31�December�2020�were�£247,651,000�calculated�after�deducting�the� pension�reserve.�After�elimination�of�restricted�reserves�this�leaves�general�reserves�of� £240,026,000.�However,�this�reserves�value�could�only�be�realised�by�disposal�of�tangible�fixed�assets� which�have�a�balance�sheet�value�of�£264,190,000.�The�trustees�are�satisfied�free�reserves�are�within� an�acceptable�range.�Furthermore,�if�ever�there�was�a�need�for�more�funds,�grants�will�be�provided� by�CHC.��

The�target�level�of�free�reserves,�established�by�the�trustees,�is�a�maximum�of�£2,000,000�being�the� equivalent�of�12�months�average�net�charitable�expenditure.�The�reserves�policy�is�reviewed�on�an� annual�basis.

14�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report�–�Plans�for�the�Future�

The�Charity�will�continue�to�review�the�criteria�for�deciding�when�to�build�new�buildings�and�whether� innovative�building�techniques�can�achieve�cost�reductions�in�contract�procurement�and� construction.�

Plans�for�2021�include�the�following:��

oNewMeetinghouseProjects
Plannedin2021–0 £0
oMeetinghouseAdditionProjectsincludingparking
Plannedin2021:
StanleyandWelling £281,000
oRealEstateProjects
Plannedacquisitionsin2021 £0
oMeetinghouseReplacementandImprovement(R&I)Projects
Plannedin2021–111 £4,141,000
oMeetinghouseOperationalandMaintenanceCosts
Plannedannualcostsin2021 £11,366,000
Plannedtotaloperationalsquarefeet 2,260,000

Operational�costs�include�rent,�cleaning,�minor�maintenance,�grounds�care,�phone,�utilities�and� administration�costs.�

The�Charity�will�continue�to�supply�religious�materials�to�members�and�others�in�a�simple�and affordable�way.

Sufficient�budgeted�funds�will�be�allocated�to�support�the�growth�of�the�Church�and�the�number�of annual�convert�baptisms.

15�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Strategic�Report�–�Plans�for�the�Future�(continued)

Work�will�continue�on�the�following�projects:�

Welfare/Self�Reliance�Services�will�continue�to�establish�local�resource�centres�and�self�reliance� workgroups�to�facilitate�placements�in�employment�and�pursuits�of�self�employment�and� education�opportunities.�There�will�also�be�a�continued�emphasis�on�setting�up�online�groups� allowing�people�who�cannot�join�a�group�at�a�physical�location�to�access�these�same�resources� remotely.�Furthermore,�efforts�will�be�focussed�on�identifying�resources�and�providing�instructions� to�help�in�the�development�of�Preparedness�and�Emergency�Response�Plans�for�families�and� congregational�groups.�

Working�through�the�Church�Communication�Department,�the�Charity�will�continue�its�efforts�in� 2021�as�follows:�

16�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Trustees’�duty�to�promote�the�success�of�the�Charity�–�s172�statement�

The�trustees�have�a�duty�to�promote�the�success�of�the�Charity�and,�in�doing�so,�are�required�by� section�172(1)�of�the�Companies�Act�2006�to�have�regard�to�specific�factors,�including:�

The�Charity’s�operations�are�directed�by�the�Europe�Area�Presidency�(described�under�the�heading,� “Organisation”�on�page�3)�and�by�the�Director�of�Temporal�Affairs�(“DTA”)�for�Europe,�J.�Roberto� Hernandez,�who�is�a�trustee�of�the�Charity.�The�Area�Presidency�provides�ecclesiastical�direction�for� the�Church�in�Europe�and�oversees�the�Church’s�lay�ministry.�The�DTA,�with�his�council�of�senior� managers,�manage�the�temporal�operations�of�the�Church�in�Europe.�

Day�to�day�management�and�decision�making�is�delegated�to�the�council�of�senior�managers,�who� are�required�to�act�in�furtherance�of�the�Charity’s�purpose�and�to�ensure�that�the�Charity’s�activities� are�carried�out�in�compliance�with�policies�approved�by�CHC.�In�this�way�the�success�of�the�Charity�is� promoted�with�due�regard�to�the�factors�set�out�in�section�172.�

The�Charity�has�a�clear�purpose�which�is�to�promote�and�further�the�religious�and�other�charitable� work�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints�in�the�United�Kingdom�and�elsewhere.�This� shapes�all�of�its�long�term�decisions�and�helps�to�shape�the�consequences�thereof.�During�2020�and� 2021,�the�Charity’s�purpose�is�being�accomplished�through�two�related�sets�of�objectives:�(1)�The� Area�Plan�with�its�initiatives�of�•Follow�the�Prophet,�•Invite�a�Friend�to�Sacrament�Meeting�and� •Take�an�Ancestor�to�the�Temple�and�(2)�The�Area�Functional�Plan�with�its�strategic�priorities�of� •Lead�customer�service�oriented�cultural�change,�•Simplify�and�automate�processes�to�attain� efficiency�and�service�excellence�and�•Exemplify�and�teach�the�Leadership�Pattern.�(The�Leadership� Pattern�is�a�framework�of�9�talents�and�48�accompanying�behaviours�that�helps�the�Church� workforce�know�how�to�do�the�Lord's�work�in�the�Lord's�way).��

As�the�Charity�operates�under�the�Area�Plan�and�the�Area�Functional�Plan�both�its�ecclesiastical�and� temporal�activities�promote�the�Charity’s�purpose.�Also,�in�this�way�the�trustees,�senior� management�and�other�employees�maintain�an�approach�to�strategic,�financial�and�operational� decision�making�that�is�values�based�and�sustainable�in�approach,�and�therefore�aligned�to�the� requirements�and�expectations�of�section�172.�

The�Area�Controls�Committee�keeps�under�review�the�Charity’s�principal�risks�and�its�risk�appetite,� considering�emerging�risks�and�reviewing�changes�in�the�Charity’s�risk�profile�and�responses� thereto.�This�is�further�described�on�page�21.�

17�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Trustees’�duty�to�promote�the�success�of�the�Charity�–�s172�statement�(continued)�

The�Charity's�success�is�dependent�on�excellent�people�and�leadership�at�all�levels�and�there�is� regular�engagement�with�staff�to�gather�their�views�and�expertise.�The�needs�and�opinions�of�staff� are�listened�to�through�various�processes.�A�confidential�Voice�of�the�Workforce�survey�(described� on�page�4)�is�conducted�every�two�years�and�the�results�are�carefully�analysed�and� recommendations�are�actioned.�Each�staff�member�has�an�individual�Accountability�and�Talent� Improvement�(“ATI”)�plan�which�is�assessed�at�regular�one�on�one�meetings�during�the�year.� During�2020�weekly�check�in�meetings�were�implemented�with�each�employee�meeting�their� supervisor�for�a�short�discussion.�These�have�been�particularly�important�as�the�workforce�has� been�dispersed�whilst�working�from�home�during�the�Covid�19�pandemic.�Specific�groups�of� employees�are�asked�for�their�opinions�with�targeted�surveys.�During�2020�two�surveys�were�made� to�gauge�employees’�mental�health�during�the�Covid�19�pandemic.�Further�information�about�our� employee�policies�is�provided�on�page�4.�

The�organisation�has�also�introduced�new�guidelines,�People�Management�Principles,�directed�at� how�it�effectively�manages�its�workforce.�This�focusses�on�the�four�categories�of�1)�Recruitment� and�Selection,�2)�Performance,�3)�Development�and�4)�Compensation,�Benefits�and�Recognition.� Through�this�framework,�staff�will�be�proactively�nurtured�in�their�career�development�and�treated� in�a�fair�and�equitable�manner.�

The�Charity�interacts�with�the�community�in�many�ways.�Missionaries�teach�people�about�the� Church�and�also�undertake�service�projects�in�the�local�community.�The�Strategic�Report�sets�out� how�the�Charity�has�impacted�the�community�in�the�sections�on�Missionary�work,�Family�History,� Welfare/Self�Reliance�Services�and�Work�in�the�Community�in�2020.�

The�impact�of�the�Charity’s�operations�on�the�environment�are�reported�for�the�first�time�in�the� Streamlined�Energy�and�Carbon�Reporting�(SECR)�statement�on�page�20.��

The�Charity�places�paramount�importance�on�how�it�conducts�business.�This�is�intrinsically�linked� with�its�religious�values�of�being�honest�in�its�dealings�and�“doing�good�to�all�men”.�

The�Charity�has�in�place�a�wide�range�of�policies�and�processes�that�promote�corporate� responsibility�and�ethical�behaviour.�Every�area�of�operation�has�documented�standards�with�which� staff,�volunteers�and�missionaries�are�familiar�and�which�guides�their�conduct.�The�Charity�benefits� from�an�internal�audit�function�which�monitors�adherence�to�internal�standards.�

18�

����������������������������������������������������������

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Trustees’�duty�to�promote�the�success�of�the�Charity�–�s172�statement�(continued)�

The�Charity�maintains�an�understanding�of�the�needs�of�key�parties�through�regular�engagement� with�them.�The�information�obtained�then�informs�how�organisational�objectives,�policies�and� strategy�are�defined.�Ecclesiastical�and�temporal�decision�making�processes�consider�the�impact�of� potential�decisions�on�relevant�stakeholders.�The�Charity’s�key�relationships�are�with�UK�Church� members,�missionaries,�employees,�suppliers�and�the�community.�The�Charity’s�interaction�with�its� employees�and�with�the�community�have�been�reported�above.�

Church�members�(and�anyone�else�who�so�desires)�are�invited�to�participate�in�Church�meetings�on� Sundays�and�additional�meetings�during�the�week.�As�described�on�page�6�these�meetings�invite� people�of�all�ages�to�learn�about�Jesus�Christ�and�how�adopting�his�teachings�benefits�all.�The� General�Handbook:�Serving�in�The�Church�of�Jesus�Christ�of�Latter�day�Saints�provides�guidance�for� general�and�local�Church�leaders.�It�is�divided�into�four�sections:�Doctrinal�Foundation,�Church� Organization,�Work�of�Salvation�and�Exaltation�and�Church�Administration.�Additionally,�members� are�encouraged�to�learn�of�and�attend�to�others’�needs�through�ministering.��

The�interests�of�the�suppliers�are�considered�by�senior�management�when�making�decisions�by� defining�and�implementing�policies�that�ensure�the�integrity�of�procurement�processes.�In� accordance�with�policy,�all�repeat�spend�or�transactions�above�£1,500�follow�a�documented�and� monitored�procurement�process�with�effective�communication�between�all�stakeholders�including� external�suppliers.�Frequent�audits�are�conducted�to�ensure�process�is�being�followed.�In�2020�and� prior�years�the�focus�has�been�on�generating�managed�supplier�pools�for�frequently�purchased� goods�and�services.�

Missionaries�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints�refer�regularly�to�the�handbook,� “Missionary�Standards�for�Disciples�of�Jesus�Christ,”�for�guidance�on�dealing�with�a�variety�of� situations�and�to�help�them�act�appropriately.�The�principles�of�the�handbook�are�designed�to�help� missionaries�develop�habits�and�behaviours�that�will�strengthen�their�character�and�give�them�joy� not�only�on�their�missions,�but�also�after�they�return�home.�The�handbook�includes�an�enhanced� section�on�missionary�safety�and�also�provides�guidelines�to�help�missionaries�become�more� culturally�aware�and�sensitive.�Proselyting�missionaries�are�under�the�care�and�direction�of�a� mission�president.�

19�

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Streamlined�Energy�and�Carbon�Reporting�(SECR)�statement�

2020
Energyconsumption(kWh) Gridelectricity 5,617,632
Gas 13,141,166
TransportFuel 2,200,741
Total 20,959,539
Emissions(tCO2e) Gridelectricity 1,310
Gas 2,416
TransportFuel 517
Total 4,243

Intensity�ratio�

Our�calculated�intensity�ratio�is�0.0332�tCO2e�per�head�(being�the�sum�of�employee,�missionaries�and� Church�membership�numbers).�

Methodology�

Energy�Management�

20�

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Fundraising�

Members�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints�pay�voluntary�tithing�donations�of�one� tenth�of�their�income.��They�may�also�choose�to�make�donations�to�the�Charity’s�restricted�funds.��All� donations�are�unsolicited,�and�no�fundraising�is�done�for�the�Charity’s�own�funds.���

Principal�risks�and�uncertainties�

Risk�management�is�embedded�in�the�day�to�day�processes�of�the�Charity.�The�annual�risk� assessment�process�documents�the�risks�perceived�by�senior�personnel�representing�each�of�the� major�functions�in�the�Charity’s�organisation.�Those�risks�are�collated�into�an�Area�Risk�Plan�which�is� regularly�reviewed�by�the�Area�Controls�Committee�whose�members�include�one�of�the�trustees,�the� Area�Controller,�in�house�legal�counsel�and�a�representative�from�CHC.�Risk�management�strategies� are�identified�and�implemented�to�mitigate�key�risks.�

Risks�of�the�Charity�which�are�currently�being�worked�on�are:�

o limitations�on�leadership�training�and�other�communication�arising�from�the�Covid�19�pandemic, o challenges�arising�from�outsourcing�key�facility�maintenance�contracts,

o difficulties�attracting�and�retaining�talent�in�the�workforce.

The�main�risk�the�Charity�faces�is�that�it�relies�on�donations�from�members�and�its�parent�company�to� finance�its�charitable�activities.��However,�the�parent�company�has�guaranteed�its�future�financial� support,�where�necessary,�to�ensure�that�the�Charity�has�sufficient�reserves�to�meet�the�costs�of�its� charitable�activities.��There�are�no�material�uncertainties�about�the�Charity’s�ability�to�continue�as�a� going�concern.�

Financial�and�risk�management�

The�following�statements�summarise�the�Charity’s�identified�forms�of�financial�and�risk�management� policies:�

The�trustees�have�a�risk�management�strategy�which�encompasses:�

o an�annual�review�of�the�risks�the�Charity�may�face

21�

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Covid�19�

On�11�March�2020,�the�World�Health�Organization�announced�that�the�Covid�19�outbreak�was�a� global�pandemic.�A�review�of�current�financial�information�does�not�indicate�a�significant�impact�on� the�financial�position�of�the�Charity.�In�addition,�the�resulting�restrictions�have�led�to�the� development�of�new�ways�of�conducting�church�meetings�and�undertaking�missionary�work.���

Going�Concern

A�review�of�cash�flow�forecasts�to�December�2022�which�consider�the�impact�of�Covid�19�on� membership�and�donation�levels�and�the�potential�consequences�if�funding�was�not�available�from� the�parent�company,�indicate�that�the�Charity�will�continue�to�have�sufficient�funds�to�enable�it�to� continue�its�charitable�activities.���

CHC,�located�in�the�USA�has�confirmed�its�ongoing�financial�support�if�required.�On�this�basis,�the� trustees�are�satisfied�that�the�Charity�is�a�going�concern.�

22�

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

Trustees’�responsibilities�statement�

The�trustees�(who�are�also�directors�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints�(Great�Britain)� for�the�purposes�of�company�law)�are�responsible�for�preparing�the�trustees’�Annual�Report�and�the� financial�statements�in�accordance�with�applicable�law�and�regulations.�

Company�law�requires�the�trustees�to�prepare�financial�statements�for�each�financial�year.�Under� that�law�the�trustees�have�elected�to�prepare�the�financial�statements�in�accordance�with�United� Kingdom�Generally�Accepted�Accounting�Practice�(United�Kingdom�Accounting�Standards�and� applicable�law),�including�FRS102�The�Financial�Reporting�Standard�applicable�in�the�UK�and�Republic� of�Ireland.�Under�company�law�the�trustees�must�not�approve�the�financial�statements�unless�they� are�satisfied�that�they�give�a�true�and�fair�view�of�the�state�of�affairs�of�the�charitable�company�and� the�group�and�of�the�incoming�resources�and�application�of�resources,�including�the�income�and� expenditure,�of�the�charitable�group�for�that�period.��In�preparing�these�financial�statements,�the� trustees�are�required�to:�

o select�suitable�accounting�policies�and�then�apply�them�consistently;

o observe�the�methods�and�principles�in�the�Charities�SORP�(FRS102);

The�trustees�are�responsible�for�keeping�adequate�accounting�records�that�are�sufficient�to�show�and� explain�the�charitable�company's�transactions�and�disclose�with�reasonable�accuracy�at�any�time�the� financial�position�of�the�company�and�enable�them�to�ensure�that�the�financial�statements�comply� with�the�Companies�Act�2006.�They�are�also�responsible�for�safeguarding�the�assets�of�the�charitable� company�and�hence�for�taking�reasonable�steps�for�the�prevention�and�detection�of�fraud�and�other� irregularities.��

The�trustees�confirm�that:�

The�trustees�are�responsible�for�the�maintenance�and�integrity�of�the�corporate�and�financial� information�included�on�the�charitable�company’s�website.�Legislation�in�the�United�Kingdom� governing�the�preparation�and�dissemination�of�financial�statements�may�differ�from�legislation�in� other�jurisdictions.�

23�

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)�

Report�of�the�trustees�(incorporating�the�strategic�report)� for�the�year�ended�31�December�2020�

The�report�of�the�trustees�(incorporating�the�strategic�report)�was�approved�on�behalf�of�the�trustees� by:�

Christian�Ottiker�

Trustee�� Date:���27�September�2021������� Company�number:��00699764

24�

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Independent auditor's report to the members and trustees of The Church of Jesus Christ of Latter-day Saints (Great Britain)

Opinion

We have audited the financial statements of The Church of Jesus Christ of Latter-day Saints (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 December 2020, which comprise the Group and Parent Charitable Company Statements of Financial Activities (including income and expenditure), the Group and Parent Charitable Company Balance Sheets, the Group and Parent Charitable Company Statements of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 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 group’s and parent charitable company's affairs as at 31 December 2020 and of the group’s and parent charitable company's incoming resources and application of resources including the group’s and parent income and expenditure for the year then ended;

Basis for opinion

We have been appointed as auditor under the Companies Act 2006 and report in accordance with regulations made under that Act. 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 charitable company 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

We are responsible for concluding on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the company to cease to continue as a going concern.

In our evaluation of the trustees’ conclusions, we considered the inherent risks associated with the charitable company’s business model including effects arising from macro-economic uncertainties such as Brexit and Covid19, we assessed and challenged the reasonableness of estimates made by the trustees and the related disclosures and analysed how those risks might affect the charitable company’s financial resources or ability to continue operations over the going concern period.

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 charitable company’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.

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.

The responsibilities of the trustees with respect to going concern are described in the ‘Responsibilities of trustees for the financial statements’ section of this report.

25�

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Independent auditor's report to the members and trustees of The Church of Jesus Christ of Latter-day Saints (Great Britain) (continued)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Strategic Report and the Directors’ Report, prepared for the purposes of company law, included in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements.

• the Strategic Report and the Directors’ Report included in the Report of the Trustees have been prepared in accordance with applicable legal requirements.

Matter on which we are required to report under the Companies Act 2006

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included in the Report of the Trustees.

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 Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

Responsibilities of directors for the financial statements

As explained more fully in the Trustees' Responsibilities Statement set out on page 23, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company’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 charitable company or to cease operations, or have no realistic alternative but to do so.

26�

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Independent auditor's report to the members and trustees of The Church of Jesus Christ of Latter-day Saints (Great Britain) (continued)

Auditor’s responsibilities for the audit of the financial statements

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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and the sector in which it operates. We determined that the following laws and regulations were most significant: the Charities SORP, the Charities Act 2011, the Companies Act 2006, and the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

• We understood how the charitable company is complying with these legal and regulatory frameworks by making inquiries of management and those charged with governance. We enquired of management and those charged with governance whether there were any instances of non-compliance with laws and regulations, or whether they had any knowledge of actual or suspected fraud. We corroborated the results of our enquiries through our review of board minutes, and through our legal and professional expenses review.

• We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including how fraud might occur and the risk of material override of controls. Audit procedures performed by the engagement team included:

• The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s:

27�

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Independent auditor's report to the members and trustees of The Church of Jesus Christ of Latter-day Saints (Great Britain) (continued)

• The team communications in respect of potential non-compliance with laws and regulations and fraud included the potential for fraud in revenue recognition through manipulation of income.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members 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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

William Devitt

Senior Statutory Auditor

for and on behalf of Grant Thornton UK LLP

Statutory Auditor, Chartered Accountants

Birmingham Date: ���������

28�

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Consolidated�Statement�of�Financial�Activities�(including�consolidated�income�&�expenditure�account) for�the�year�ended�31�December�2020

Note
Income
Donations
3
Donationfromparentcharity
20
Incomefromcharitableactivities:
Templeincome�generatingactivities
Incomefrominvestment
4
Other:
Otheroperatingincome
(Loss)/surplusondisposaloffixedassets
Totalincome
Expenditure
Charitableactivities
5a
Charitabledonation
20
Othertradingactivities
Investmentmanagement
4
Otherfinanceexpense
Exceptionalitem�impairment
11
Totalexpenditure
Netincome/(expenditure)
6
Transfersbetweenfunds
10
Otherrecognised(losses)/gains
Actuarial(loss)/gainondefinedbenefitscheme
23
Netmovementinfunds
Reconciliationoffunds
Totalfundsbroughtforward
Totalfundscarriedforward		 (Note10)
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2020
2020
2020
2019
£'000
£'000
£'000
£'000
29,221
3,021
32,242
35,232
4,801
�
4,801
105,428
280
�
280
1,069
�
�
�
2,435
527
�
527
416
(53)
�
(53)
2,162
34,776
3,021
37,797
146,742
35,224
8,713
43,937
49,407
�
�
�
103,289
163
�
163
157
�
�
�
705
164
�
164
179
1,840
�
1,840
�
37,391
8,713
46,104
153,737
(2,615)
(5,692)
(8,307)
(6,995)
(6,283)
6,283
�
�
(2,277)
�
(2,277)
(6,198)
(11,175)
591
(10,584)
(13,193)
241,201
7,034
248,235
261,428
230,026
7,625
237,651
248,235

None�of�the�Charity's�activities�were�discontinued�during�the�above�two�financial�years.

The�notes�on�pages�33�to�48�form�part�of�these�financial�statements.

The�Statement�of�Financial�Activities�includes�all�gains�and�losses�recognised�in�the�year.

29

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Charity�Statement�of�Financial�Activities�(including�income�&�expenditure�account) for�the�year�ended�31�December�2020

Note
Income
Donations
3
Donationfromparentcharity
20
Incomefromcharitableactivities:
Templeincome�generatingactivities
Investments:
Interestincome�OHLloannotes
Incomefrominvestment
4
Other:
Otheroperatingincome
(Loss)/surplusondisposaloffixedassets
Totalincome
Expenditure
Charitableactivities
5a
Charitabledonation
20
Investmentmanagement
4
Otherfinanceexpense
Exceptionalitem�impairmentofloannotes
13
Totalexpenditure
Netincome/(expenditure)
6
Transfersbetweenfunds
10
Otherrecognised(losses)/gains
Actuarial(loss)/gainondefinedbenefitscheme
23
Netmovementinfunds
Reconciliationoffunds
Totalfundsbroughtforward
Totalfundscarriedforward		 (Note10)
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2020
2020
2020
2019
£'000
£'000
£'000
£'000
29,221
3,021
32,242
35,232
4,801
�
4,801
105,428
280
�
280
1,069
351
�
351
367
�
�
�
2,435
527
�
527
416
(53)
�
(53)
2,517
35,127
3,021
38,148
147,464
35,224
8,713
43,937
49,407
�
�
�
103,289
�
�
�
705
164
�
164
178
4,640
�
4,640
�
40,028
8,713
48,741
153,579
(4,901)
(5,692)
(10,593)
(6,115)
(6,283)
6,283
�
�
(2,277)
�
(2,277)
(6,198)
(13,461)
591
(12,870)
(12,313)
243,544
7,034
250,578
262,891
230,083
7,625
237,708
250,578

None�of�the�Charity's�activities�were�discontinued�during�the�above�two�financial�years.

The�notes�on�pages�33�to�48�form�part�of�these�financial�statements.

The�Statement�of�Financial�Activities�includes�all�gains�and�losses�recognised�in�the�year.

30

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Consolidated�and�Charity�Balance�Sheet

for�the�year�ended�31�December�2020

Note
Fixedassets
Tangibleassets
11
Totalfixedassets
Currentassets
Stocks
12
Debtors
13
Investments
14
Cashatbankandinhand
Totalcurrentassets
Creditors:Amountsfallingduewithinoneyear
15
Netcurrentassets
Netassetsexcludingpensionliability
Definedbenefitpensionschemeliability
23
Totalnetassets
ThefundsoftheCharity
Calledupsharecapital
16
Restrictedincomefunds
10
Unrestrictedincomefunds
Pensionreserve
23
Totalunrestrictedfunds
Totalcharityfunds
17		 Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
264,190
271,710
256,090
261,770
264,190
271,710
256,090
261,770
160
103
160
103
2,073
4,395
10,260
16,727
1
1
1
1
4,403
3,973
4,361
3,912
6,637
8,472
14,782
20,743
(3,452)
(3,540)
(3,440)
(3,528)
3,185
4,932
11,342
17,215
267,375
276,642
267,432
278,985
(19,724)
(18,407)
(19,724)
(18,407)
247,651
258,235
247,708
260,578
10,000
10,000
10,000
10,000
7,625
7,034
7,625
7,034
17,625
17,034
17,625
17,034
249,750
259,608
249,807
261,951
(19,724)
(18,407)
(19,724)
(18,407)
230,026
241,201
230,083
243,544
247,651
258,235
247,708
260,578

The�notes�on�pages�33�to�48�form�part�of�these�financial�statements.

The�financial�statements�were�approved�by�the�board�of�trustees�on�27�September�2021 and�were�signed�on�its�behalf�by:

Christian�Ottiker���trustee

Company�number:�00699764

31

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Consolidated�and�Charity�Statement�of�Cash�Flows for�the�year�ended�31�December�2020

Note
Cashflowsfromoperatingactivities
18
Cashflowsfrominvestingactivities
Interestreceived
Paymentstoacquiretangiblefixedassets
Receiptsfromsalesoftangiblefixedassets
Cashflowsfrominvestingactivities
Cashflowsfromfinancingactivities
Decreaseincashandcashequivalentsintheyear
Cashandcashequivalentsat1January
Totalcashandcashequivalentsat31December		 Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
2,468
(284)
2,136
(223)
�
�
351
367
(3,568)
(6,229)
(3,568)
(6,229)
1,530
5,134
1,530
5,134
(2,038)
(1,095)
(1,687)
(728)
�
�
�
�
430
(1,379)
449
(951)
3,973
5,352
3,912
4,863
4,403
3,973
4,361
3,912

The�movement�in�net�debt�for�the�current�year�and�prior�year�is�identical�to�the�movements�in�cash�flow�set�out�above.

The�accounting�policies�and�notes�on�pages�33�to�35�form�part�of�these�accounts.

32

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THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements

for�the�year�ended�31�December�2020

1�Accounting�policies

The�principal�accounting�policies�adopted,�judgements�and�key�sources�of�estimation�uncertainty�in�the�preparation�of�the� financial�statements�are�as�follows:

Basis�of�preparation

The�Charity�is�incorporated�in�the�United�Kingdom.

The�financial�statements�have�been�prepared�in�accordance�with�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�(FRS102)�(effective�1�January�2019)���(Charities�SORP�(FRS�102),�the�Financial� Reporting�Standard�applicable�in�the�UK�and�Republic�of�Ireland�(FRS�102)�and�the�Companies�Act�2006.

A�summary�of�the�significant�accounting�policies�which�have�been�applied�consistently�are:

Accounting�convention

The�accounts�are�prepared�under�the�historical�cost�convention�and�on�a�going�concern�basis.�The�parent�company�has guaranteed�its�future�financial�support,�where�necessary,�to�ensure�that�the�Charity�has�sufficient�reserves�to�meet�the�costs� of�its�charitable�activities,�therefore�the�trustees�are�of�the�view�that�the�Charity�is�a�going�concern�and�the�accounts�have�been prepared�on�this�basis.

Going�Concern

Management�has�concluded�that�the�impact�of�Covid�19�will�not�affect�the�charity’s�ability�to�continue�as�a�going�concern.� Management�have�considered�the�impact�of�Covid�19�on�membership�and�donation�levels�and�if�funding�was�not�available from�the�parent�company,�the�Charity�would�be�able�to�reduce�its�costs�in�order�to�continue�as�a�going�concern�without� parental�support.

In�addition,�should�the�need�arise,�the�Charity�has�received�a�guarantee�from�the�ultimate�parent�undertaking,�The�Church� of�Jesus�Christ�of�Latter�day�Saints,�located�in�the�USA,�confirming�its�intention�to�continue�to�make�available�to�the�company� sufficient�funds�for�a�period�of�at�least�12�months�from�the�date�of�approval�of�these�financial�statements,�in�order�to�enable� the�Charity�to�meet�its�financial�obligations�as�they�fall�due.�On�this�basis,�the�trustees�are�of�the�opinion�that�it�is�appropriate� to�adopt�the�going�concern�basis�in�the�preparation�of�the�financial�statements.

Group�financial�statements

The�financial�statements�consolidate�the�results�of�the�Charity�and�its�wholly�owned�subsidiary�Oliver�House�Limited�("OHL")� on�a�line�by�line�basis.

Incoming�resources

Income�is�recognised�when�the�Charity�has�entitlement�to�the�funds,�any�performance�conditions�attached�to�the�item(s)�of� income�have�been�met,�it�is�probable�that�the�income�will�be�received�and�the�amount�can�be�measured�reliably.

Donations�represent�amounts�collected�from�United�Kingdom�members�on�a�receipts�basis,�together�with�income�tax� recoverable�for�amounts�paid�under�Gift�Aid.

Temple�income�relates�to�funds�received�by�patrons�for�services�rendered��by�the�Charity�such�as�lodging,�cafeteria�sales�and rental�of�ceremonial�clothing.�Amounts�are�collected�on�a�receipt�basis.

Income�is�designated�as�restricted�or�unrestricted�by�members.��Restricted�income�is�used�for�the�purpose�specified�by�the� member�at�the�time�that�the�donation�is�made.�

Deferred�income�relates�to�advance�payments�for�certain�regional�activities�held�by�the�Charity.�

Investment�income�is�recognised�on�an�accruals�basis.

Periodically,�further�donations�are�received�from�the�Charity's�parent�company,�The�Church�of�Jesus�Christ�of�Latter�day�Saints� to�provide�funds�for�the�company's�charitable�activities�and�to�ensure�that�the�company�has�adequate�reserves.�These� donations�may�be�received�by�way�of�full�or�partial�cancellation�of�amounts�due�to�the�parent�company.�These�donations�are� separately�disclosed�in�the�statement�of�financial�activities�and�income�and�expenditure�account.

33

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

Charitable�expenditure�and�irrecoverable�VAT

Charitable�expenditure�is�recognised�once�there�is�a�legal�or�constructive�obligation�to�make�a�payment�to�a�third�party,�it�is� probable�that�settlement�will�be�required�and�the�amount�of�the�obligation�can�be�measured�reliably.

Charitable�expenditure�comprises�expenditure�directly�relating�to�the�objects�of�the�Charity�and�expenditure�on�the management�and�administration�of�the�Charity.�An�analysis�of�these�costs�is�provided�in�note�4.�Expenditure�is�recognised� on�an�accruals�basis.

Irrecoverable�VAT�is�charged�as�a�cost�against�the�activity�for�which�the�expenditure�was�incurred.

Allocation�of�support�costs

Support�costs�are�those�functions�that�assist�the�work�of�the�Charity�but�do�not�directly�undertake�charitable�activities.� Support�costs�include�staff,�travel,�general�administration,�materials�and�supplies,�cost�of�sales,�governance�costs�which�suppo the�Charity�programme�and�activities.�The�bases�on�which�support�costs�have�been�allocated�are�set�out�in�note�5c.

Stock

Stock�is�valued�at�the�lower�of�cost�(determined�under�a�weighted�average�method)�and�net�realisable�value.�Net�realisable� value�is�based�on�estimated�selling�price�less�further�costs�expected�to�be�incurred.�Donated�items�of�stock�are�recognised�at� fair�value�which�is�the�amount�the�Charity�would�have�been�willing�to�pay�for�the�items�on�the�open�market.

Tangible�fixed�assets�and�depreciation

Tangible�fixed�assets�are�stated�at�historic�cost�less�accumulated�depreciation.�Cost�includes�the�original�purchase�of�the�asset and�the�costs�attributable�to�bringing�the�asset�to�its�working�condition�for�its�intended�use.��Individual�fixed�assets�costing� £5,000�or�more�are�capitalised�at�cost.�Building�improvements�must�satisfy�at�least�one�additional�criteria�from�the�following: i) complete�roof�replacement;�ii)�mechanical�systems�(e.g.�boilers);�iii)�seismic�structural�upgrades;�iv)�structural�improvements and/or�v)�demolition�and�reconstruction�of�interior�space�if�any�wall�is�removed.�Depreciation�is�provided�on�all�tangible�fixed� assets,�other�than�freehold�land�and�assets�in�the�course�of�construction,�at�rates�calculated�to�write�down�each�asset�to�its estimate�residual�value�over�its�expected�useful�life�as�follows:

Freeholdbuildings straight�line,over50years
Fixturesandfittings* straightline,over10years
Landimprovements straight�line,over50years
Plantandequipment straightline,over10years
Motorvehicles straightline,over4years
Freeholdland notdepreciated
Assetsinthecourseofconstruction notdepreciated

Debtors

Trade�and�other�debtors�are�recognised�at�the�settlement�amount�due�after�any�trade�discount�offered.�Prepayments�are valued�at�the�amount�prepaid�net�of�any�trade�discounts�due.

Cash�at�bank�and�in�hand

Cash�at�bank�and�cash�in�hand�includes�cash�and�short�term�highly�liquid�investments�with�a�short�maturity�of�three�months�or less�from�the�date�of�acquisition�or�opening�of�the�deposit�or�similar�account.

Creditors�and�provisions

Creditors�and�provisions�are�recognised�where�the�Charity�has�a�present�obligation�resulting�from�a�past�event�that�will�probab result�in�the�transfer�of�funds�to�a�third�party�and�the�amount�due�to�settle�the�obligation�can�be�measured�or�estimated�reliab Creditors�and�provisions�are�normally�recognised�at�their�settlement�amount�after�allowing�for�any�trade�discounts�due.

Financial�instruments

The�Charity�only�has�financial�assets�and�financial�liabilities�of�a�kind�that�qualify�as�basic�financial�instruments.��Basic� financial�instruments�are�initially�recognised�at�transaction�value�and�subsequently�measured�at�amortised�cost.

34

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

Operating�leases

Rentals�applicable�to�operating�leases,�where�substantially�all�of�the�benefits�and�risks�of�ownership�remain�with�the�lessor, are�charged�to�the�statement�of�financial�activities�on�a�straight�line�basis�over�the�lease�term.

Foreign�currency�translation

Monetary�assets�and�liabilities�denominated�in�foreign�currencies�are�translated�at�the�rate�of�exchange�ruling�at�the�balance sheet�date.�Transactions�in�foreign�currencies�are�recorded�at�the�rate�ruling�at�the�date�of�the�transaction.��All�differences�are taken�to�the�income�and�expenditure�account.

Pension�costs

The�Charity�operates�a�defined�benefit�pension�scheme,�which�had�been�contracted�out�of�the�state�second�pension�scheme� until�this�was�abolished�on�5�April�2016.

Pension�costs�are�accounted�for�under�Financial�Reporting�Standard�(FRS)�102.�The�disclosures�required�by�Financial�Reporting Standard�(FRS)�102�are�included�in�the�notes�to�the�financial�statements�(see�note�23).

The�net�liability�under�the�defined�benefit�pension�scheme�is�included�in�the�balance�sheet.�Current�and�past�service�costs� together�with�the�administrative�costs�and�the�total�net�interest�costs�of�the�scheme�are�included�in�expenditure�in�the� statement�of�financial�activities.�Actuarial�gains�and�losses�are�included�on�the�face�of�the�statement�of�financial�activities.

In�addition,�Brigham�Young�University�Limited�and�Agreserves�Limited�are�current�contributors�to�the�scheme.

Accounting�estimates�and�judgements

In�preparing�the�financial�statements,�the�trustees�are�required�to�make�estimates�and�judgements.�The�most�significant areas�in�which�judgements�have�been�made�that�could�impact�the�amounts�reported�in�the�financial�statements�are�outlined below.

Actuarial�assumptions���The�defined�benefit�pension�scheme�has�been�valued�by�a�qualified�independent�actuary�in�accordance with�FRS�102.�Significant�judgement�is�required�in�a�number�of�areas,�including�future�changes�in�salaries�and�inflation,� mortality�rates�and�the�selection�of�appropriate�discount�rates.

Cost�Allocation���Support�costs�are�allocated�to�charitable�activities�and�judgement�is�required�to�determine�the�appropriate� allocation.

Fund�accounting

General�funds�are�unrestricted�funds�which�are�available�for�use�at�the�discretion�of�the�trustees�in�accordance with�the�general�objectives�of�the�Charity�and�which�have�not�been�designated�for�other�purposes.

Restricted�funds�can�only�be�used�for�particular�restricted�purposes�within�the�objects�of�the�Charity.

Further�explanation�of�the�nature�and�purpose�of�each�restricted�fund�is�included�in�the�notes�to�the�accounts�(see�note�10).

Legal�status�of�the�Charity

The�Church�of�Jesus�Christ�of�Latter�day�Saints�(Great�Britain)�is�a�private�unlimited�company�with�share�capital�and�a�registere charity�in�England,�Wales�and�Scotland.

35

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

2a PriorYearConsolidatedSOFA
Income
Donations
Donationfromparentcharity
Incomefromcharitableactivities:
Templeincome�generatingactivities
Incomefrominvestment
Other:
Otheroperatingincome
Surplusondisposaloffixedassets
Totalincome
Expenditure
Charitableactivities
Charitabledonation
Othertradingactivities
Investmentmanagement
Otherfinanceexpense
Totalexpenditure
Netincome/(expenditure)
Transfersbetweenfunds
Otherrecognised(losses)/gains
Actuariallossondefinedbenefitscheme
Netmovementinfunds
Reconciliationoffunds
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
Restricted
Total
funds
funds
funds
2019
2019
2019
£'000
£'000
£'000
31,734
3,498
35,232
105,428
�
105,428
1,069
�
1,069
2,435
�
2,435
416
�
416
2,162
�
2,162
143,244
3,498
146,742
38,761
10,646
49,407
103,289
�
103,289
157
�
157
705
�
705
179
�
179
143,091
10,646
153,737
153
(7,148)
(6,995)
(7,836)
7,836
�
(6,198)
�
(6,198)
(13,881)
688
(13,193)
255,082
6,346
261,428
241,201
7,034
248,235

36

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

2b PriorYearCharitySOFA
Income
Donations
Donationfromparentcharity
Incomefromcharitableactivities:
Templeincome�generatingactivities
Investments:
Interestincome�OHLloannotes
Incomefrominvestment
Other:
Otheroperatingincome
Surplusondisposaloffixedassets
Totalincome
Expenditure
Charitableactivities
Charitabledonation
Investmentmanagement
Otherfinanceexpense
Totalexpenditure
Netincome/(expenditure)
Transfersbetweenfunds
Otherrecognised(losses)/gains
Actuariallossondefinedbenefitscheme
Netmovementinfunds
Reconciliationoffunds
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
Restricted
Total
funds
funds
funds
2019
2019
2019
£'000
£'000
£'000
31,734
3,498
35,232
105,428
�
105,428
1,069
�
1,069
367
�
367
2,435
�
2,435
416
�
416
2,517
�
2,517
143,966
3,498
147,464
38,761
10,646
49,407
103,289
�
103,289
705
�
705
178
�
178
142,933
10,646
153,579
1,033
(7,148)
(6,115)
(7,836)
7,836
�
(6,198)
�
(6,198)
(13,001)
688
(12,313)
256,545
6,346
262,891
243,544
7,034
250,578

37

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

3Donations
Unrestrictedfunds:
Tithingincome
Restrictedfunds:
Missionarysupportfund
BookofMormonfund
Fastofferingfund
Templeconstructionfund
Humanitarianaidfund
Youthconferences
Perpetualeducationfund		 2020
2019
£'000
£'000
29,221
31,734
886
1,051
27
30
1,459
1,506
76
74
506
510
�
252
67
75
3,021
3,498

The�Charity�benefits�greatly�from�the�involvement�and�crucial�support�of�its�many�members,�missionaries�and�volunteers.� Details�of�events�and�humanitarian�efforts�are�given�in�the�trustees'�report.�In�accordance�with�FRS�102�and�the�Charities� SORP�(FRS�102),�the�economic�contribution�of�general�volunteers�is�not�recognised�in�the�accounts.

4� Income�from�investment

From�10�May�2019�to�31�December�2019�the�Charity�owned�an�investment�property,�Alder�Castle,�from�which�it�received income�and�in�respect�of�which�it�paid�operating�expenses�which�have�been�classified�as�investment�income�and�investment� management�expenses�respectively.

5a
Analysisofexpenditureoncharitableactivities
Activity
Provisionofworshipfacilities
Religiouseducation
Missionarywork
TempleandFamilyHistoryWork
Communityprojects
5b
Charitableactivitiesallocation
Activity
Provisionofworshipfacilities
Religiouseducation
Missionarywork
TempleandFamilyHistoryWork
Communityprojects		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2020
2020
2020
2019
£'000
£'000
£'000
£'000
25,018
�
25,018
28,190
3,673
�
3,673
4,324
829
7,169
7,998
9,560
5,475
�
5,475
5,496
229
1,544
1,773
1,837		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2020
2020
2020
2019
£'000
£'000
£'000
£'000
25,018
�
25,018
28,190
3,673
�
3,673
4,324
829
7,169
7,998
9,560
5,475
�
5,475
5,496
229
1,544
1,773
1,837
35,224
8,713
43,937
49,407
Activities
undertaken
Support
directly
costs
Total
2020
2020
2020
£'000
£'000
£'000
14,392
10,626
25,018
�
3,673
3,673
7,169
829
7,998
�
5,475
5,475
1,544
229
1,773
23,105
20,832
43,937

38

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

5b Charitableactivitiesallocation(continued) Charitableactivitiesallocation(continued) Activities
undertaken Support
directly costs Total
2019 2019 2019
£'000 £'000 £'000
Activity
Provisionofworshipfacilities 16,935 11,255 28,190
Religiouseducation 541 3,783 4,324
Missionarywork 8,599 961 9,560
TempleandFamilyHistoryWork � 5,496 5,496
Communityprojects 1,506 331 1,837
27,581 21,826 49,407
5c Supportcostsallocation Provisionof Religious Missionary Family Community
worshipfacilities Education work Historywork projects Total
2020 2020 2020 2020 2020 2020
£'000 £'000 £'000 £'000 £'000 £'000
Supportcost
Staffcosts 2,533 3,195 721 4,764 199 11,412
Travel 62 78 18 116 5 279
Generaladministration 215 272 61 405 17 970
Materialsandsupplies 63 79 18 118 5 283
Depreciation 7,714 � � � � 7,714
Governance 12 15 3 22 1 53
Costofsales 27 34 8 50 2 121
10,626 3,673 829 5,475 229 20,832
Provisionof Religious Missionary Family Community
worshipfacilities Education work Historywork projects Total
2019 2019 2019 2019 2019 2019
£'000 £'000 £'000 £'000 £'000 £'000
Supportcost
Staffcosts 2,796 3,070 780 4,460 268 11,374
Travel 213 234 59 340 21 867
Generaladministration 209 229 58 333 20 849
Materialsandsupplies 63 69 17 100 6 255
Depreciation 7,809 � � � � 7,809
Governance 13 14 4 20 1 52
Costofsales 152 167 43 243 15 620
11,255 3,783 961 5,496 331 21,826

The�staff�costs�are�allocated�on�the�basis�of�the�department�in�which�the�particular�employees�work.�Travel,�general administration,�materials�and�supplies,�cost�of�sales,�governance�are�allocated�on�a�pro�rata�basis�with�the�wages�costs as�these�support�costs�relate�to�all�charitable�activities.�Depreciation�only�relates�to�the�charitable�activity�of�providing�worship facilities.

6
Netincome/(expenditure)fortheyear
Netincome/(expenditure)isstatedafter(crediting)/charging:
Operatingleases(landandbuildings)
Depreciation
Impairmentofland
Auditor'sremuneration
�Audit
Auditor'sremuneration
�Non�auditservices
Loss/(surplus)ondisposaloffixedassets		 2020
2019
£'000
£'000
4,691
5,245
7,714
7,809
1,840
�
53
52
6
6
53
(2,162)

39

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

7�Employees'�and�trustees'�remuneration

The�key�management�personnel,�the�trustees�and�the�Area�Controller,�who�served�during�the�year�ended�31�December�2020 received�no�remuneration�from�the�Charity�(2019:�none).�Additionally,�no�reimbursement�for�expenses�incurred�during�the year�was�made�to�the�mentioned�key�management�figures�(2019:�none).

yearwasmadetothementionedkeymanagementfigures(2019:none).
2020 2019
Number Number
Averagemonthlynumberofpersons(includingdirectors)employedbythecompanyduringtheyear:
Teachingfunction 45 47
Officeadministration 146 152
Buildingcleaners 27 27
218 226
2020 2019
£'000 £'000
Staffcostsfortheabovepersons:
Wagesandsalaries 8,220 8,347
Socialsecuritycosts 1,231 1,374
Otherpensioncosts 1,961 1,653
11,412 11,374
Thenumberofemployeeswhoseemolumentsfellwithinthefollowingbandsduringtheyearwereas follows:
2020 2019
Number Number
£110,001�£120,000 2 �
£100,001�£110,000 1 �
£90,001�£100,000 2 2
£80,001�£90,000 7 7
£70,001�£80,000 8 7
£60,001�£70,000 20 21
Thenumberofemployeeswhoseemolumentswereabove£60,000andwhohadbenefitsaccruingunderthedefinedbenefit
schemewereasfollows:
2020 2019
Number Number
£110,001�£120,000 1 �
£90,001�£100,000 1 1
£80,001�£90,000 3 2
£70,001�£80,000 5 5
£60,001�£70,000 14 14

Termination�payments�of�£408,893�(2019:�£154,946)�were�made�during�the�year�including�a�payment�to�two�individuals�whose emoluments�fell�within�the�£60,001���£70,000�salary�band.

OHL�does�not�have�employees�and�the�key�management�personnel,�the�Director,�received�no�remuneration�from�the�company

Accounting�and�administrative�services�are�provided�to�the�Charity�and�to�OHL,�free�of�charge,�by�employees�of�The�Church�of� Jesus�Christ�of�Latter�day�Saints�in�Germany.

8�Taxation

The�company�is�a�registered�charity�and�as�such�is�entitled�to�certain�tax�exemptions�on�income�and�profits�carried�on�in� furtherance�of�the�Charity's�primary�objectives,�if�the�profits�and�surpluses�are�applied�solely�to�its�charitable�purposes.

40

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

9Analysisofgroupnetassetsbetweenfunds Sharecapitaland Restricted Total
unrestrictedfunds funds 2020
£'000 £'000 £'000
Tangiblefixedassets 264,190 988 265,178
Netcurrent(liabilities)/assets (4,440) 6,637 2,197
Definedbenefitschemepensionliability (19,724) � (19,724)
240,026 7,625 247,651

10�Restricted�funds

The�capital�and�income�funds�of�the�Charity�include�restricted�funds�comprising�the�following�unexpended�balances�of� donations�held�on�trust�to�be�applied�for�specific�purposes.

FastOfferingfund
Missionarysupportfund
BookofMormonfund
Templeconstructionfund
Humanitarianaidfund
Perpetualeducationfund		 Balance
Incoming
Balance
1Jan2020
resources
Transfers
Expenditure
31Dec2020
£'000
£'000
£'000
£'000
£'000
767
1,459
�
(1,358)
868
�
886
6,283
(7,169)
�
345
27
�
�
372
739
76
�
�
815
4,252
506
�
(186)
4,572
931
67
�
�
998
7,034
3,021
6,283
(8,713)
7,625

Fast�offering�fund

These�funds�are�contributed�by�members�of�The�Church�to�be�used�in�the�relief�of�the�poor�and�needy.��During�the�year� £1,358,000�(2019:�£1,482,000)�was�spent�for�the�relief�of�the�poor�and�needy�in�the�United�Kingdom.

Missionary�support�fund

The�missionary�support�fund�represents�donations�from�members�in�the�United�Kingdom�towards�the�costs�of�The�Church's� worldwide�missionary�fund�programme�which�is�co�ordinated�and�administered�by�the�parent�company,�The�Church�of�Jesus� Christ�of�Latter�day�Saints.�Funds�authorised�for�specified�missionaries�are�released�evenly�over�their�mission�term�of�either� 18�months�or�two�years.�Missionary�activities�are�supported�by�additional�amounts�transferred�from�unrestricted�funds.

Book�of�Mormon�fund

These�funds�are�donated�by�the�members�towards�the�production�and�distribution�costs�of�'The�Book�of�Mormon���Another� Testament�of�Jesus�Christ'.�This�book�is�printed�by�The�Church�of�Jesus�Christ�of�Latter�day�Saints.�

Temple�construction�fund

These�funds�are�donated�by�the�members�towards�the�cost�of�constructing�temples�by�The�Church�of�Jesus�Christ�of�Latter�day Saints�in�any�country�throughout�the�world.�

Humanitarian�aid�fund

These�funds�are�donated�by�the�members�to�help�fund�the�programme�of�humanitarian�aid�approved�by�The�Church�of�Jesus� Christ�of�Latter�day�Saints.�

Perpetual�education�fund

These�funds�are�donated�by�the�members�to�help�fund�the�programme�of�perpetual�education�approved�by�The�Church�of�Jesu Christ�of�Latter�day�Saints.�

41

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

11Tangiblefixedassets�Group Assetsinthe
courseof Landand Plantand Motor
construction Buildings Equipment Vehicles Total
£'000 £'000 £'000 £'000 £'000
Cost:
At1January2020 4,250 398,017 486 3,354 406,107
Transfers (4,904) 4,904 � � �
Additions 2,727 885 5 � 3,617
Disposals (61) (2,404) (11) (255) (2,731)
Impairment � (1,840) � � (1,840)
At31December2020 2,012 399,562 480 3,099 405,153
Depreciation:
At1January2020 � 132,196 192 2,009 134,397
ChargeforYear � 7,309 114 291 7,714
Disposals � (928) (3) (217) (1,148)
At31December2020 � 138,577 303 2,083 140,963
Netbookvalue:
At31December2020 2,012 260,985 177 1,016 264,190
At31December2019 4,250 265,821 294 1,345 271,710
IncludedinLandandBuildingsislandwithavalueof£39.9m(2019:£41.7m),which isnotdepreciated.
Animpairmentof£1,840,000hasbeenchargedtoreducethevalueof landheldbyOHLtoitsanticipatedrealisablevalue.
Tangiblefixedassets�Charity Assetsinthe
courseof Landand Plantand Motor
construction Buildings Equipment Vehicles Total
£'000 £'000 £'000 £'000 £'000
Cost:
At1January2020 4,250 388,077 486 3,354 396,167
Transfers (4,904) 4,904 � � �
Additions 2,727 885 5 � 3,617
Disposals (61) (2,404) (11) (255) (2,731)
At31December2020 2,012 391,462 480 3,099 397,053
Depreciation:
At1January2020 � 132,196 192 2,009 134,397
ChargeforYear � 7,309 114 291 7,714
Disposals � (928) (3) (217) (1,148)
At31December2020 � 138,577 303 2,083 140,963
Netbookvalue:
At31December2020 2,012 252,885 177 1,016 256,090
At31December2019 4,250 255,881 294 1,345 261,770
IncludedinLandandBuildingsislandwith avalueof£31.8m(2019:£31.6m),which isnotdepreciated.

42

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

12Stocks
Finishedgoodsandgoodsforresale
13Debtors
Duewithinoneyear
Depositsandadvances
Unsecuredloannotes
Lessprovisionforimpairmentofloannotes
Otherdebtors
Prepaymentsandaccruedincome		 Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
160
103
160
103
Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
399
487
399
487
�
�
12,740
12,240
�
�
(4,640)
�
36
502
123
594
1,638
3,406
1,638
3,406
2,073
4,395
10,260
16,727

Unsecured�loan�notes�were�received�from�the�Charity�by�its�wholly�owned�subsidiary�OHL.�These�are�interest�bearing�at� 12�month�LIBOR�plus�2%�rounded�down�to�the�nearest�quarter�percent�(2020:�2.75%)�and�are�redeemable�on�the�earlier�of� (i) completion�of�the�sale�of�freehold�property,�owned�by�OHL,�to�the�Charity�or�a�third�party�and�(ii)�31�December�2022.

A�provision�for�impairment�of�the�OHL�loan�notes�was�made�to�reduce�the�receivable�to�equal�the�value�of�OHL's�asset,� being�the�amount�expected�to�be�available�for�settlement�of�the�loans�as�at�31�December�2020.

14Investments
GroupandCharity
DeseretU.K.TrustcoUnlimited		 2020
2019
£'000
£'000
1
1
1
1

The�trustees�consider�the�value�of�the�investments�to�be�supported�by�the�company's��underlying�assets.

The�Charity�also�holds�one�£1�ordinary�share�in�its�wholly�owned�trading�subsidiary�OHL�(company�number�09795165)�which� was�incorporated�in�the�United�Kingdom�on�25�September�2015.��This�is�the�only�share�allotted,�called�up�and�fully�paid.�

OHL�recorded�a�loss�of�£2,354,000�for�the�year�ended�31�December�2020�(2019:�£880,000).

15Creditors:Amountsfallingduewithinoneyear
Othertaxationandsocialsecuritycosts
Othercreditors
Deferredincome
Othercreditorsisfurtheranalysedasfollows
AmountsowedtoParentCompany(CHC)
Tradeandotheraccruedliabilities		 Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
189
270
198
278
2,868
2,890
2,847
2,870
395
380
395
380
3,452
3,540
3,440
3,528
Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
�
326
�
326
2,867
2,564
2,846
2,544
2,867
2,890
2,846
2,870

43

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

15Creditors:Amountsfallingduewithinoneyear(continued) 2020 2019
£'000 £'000
DeferredincomeforgroupandCharityisfurtheranalysedasfollows:
At1January 380 448
Utilisedinyear (380) (448)
Accruedduringtheyear 395 380
At31December 395 380
16Calledupsharecapital 2020 2019
£'000 £'000
GroupandCharity
Authorised:
25millionordinarysharesof£1each 25,000 25,000
Allotted,issuedandfullypaid:
10millionordinarysharesof£1each 10,000 10,000
Eachordinarysharecarriesequalvotingrights.
17Reconciliationofmovementsintotalgroupfunds 2020 2019
£'000 £'000
Net(deficit)infundsfortheyear (8,307) (6,995)
Actuarial(loss)/gainonpensionscheme(note23) (2,277) (6,198)
Netchangeintotalgroup'sfunds (10,584) (13,193)
Openinggroup'sfunds 258,235 271,428
Closinggroup'sfunds 247,651 258,235
18Reconciliationofnetmovementinfundstonetcashflow Group Group
fromoperatingactivities 2020 2019
£'000 £'000
Netgroupexpenditure (8,307) (6,995)
Exceptionalitem�impairment 1,840 �
Depreciationcharge 7,714 7,809
(Surplus)/deficitondisposaloffixedassets 53 (2,162)
Pensioncostschargedagainstoperatingprofit 2,041 1,665
Cashcontributionstopensionscheme (3,328) (2,574)
Netinterestonpensionliabilities 327 327
Decrease/(increase)indebtors 2,322 875
Increase/(decrease)increditors (88) 817
Non�operatingcostscreditors (49) (6)
(Increase)/decreaseinstock (57) (40)
Netcashusedfromoperatingactivities 2,468 (284)
19Capitalcommitments Group Group Charity Charity
2020 2019 2020 2019
£'000 £'000 £'000 £'000
CapitalexpenditureauthorisedbytheCharity'strustees
andOHL'sdirectorandcontractedfor 385 772 385 772

44

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued) for�the�year�ended�31�December�2020

20�Related�party�transactions�and�ultimate�parent�company

The�Charity�is�owned�solely�by�The�Church�of�Jesus�Christ�of�Latter�day�Saints�(the�parent�company�and�controlling�party),�a� company�incorporated�in�the�state�of�Utah,�United�States�of�America.�Assurances�of�continued�financial�support�have�been� received�from�The�Church�of�Jesus�Christ�of�Latter�day�Saints.

Total�grant�income�received�from�the�parent�company�in�2020�was�£4,801,000�(2019:�£105,428,000).

The�inter�company�balance�of�the�Charity�with�its�sister�charity,�The�Irish�Association�of�The�Church�of�Jesus�Christ�of�Latter�da Saints�Company�Limited�by�Guarantee,�as�at�31�December�2020�was�nil�(2019:�debtor�of�£12,000).

The�Charity�has�the�use�of�2,033�square�meters�of�space�on�the�site�of�the�Paris�Temple�in�Le�Chesnay,�France�which�is�owned�b The�French�Association�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints.��The�facilities�are�provided�free�of�charge.�The� estimated�market�value�of�this�arrangement�is�£400,000�per�annum.

During�the�year,�the�company�acted�as�the�agent�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints�in�the�transfer�of�funds�to�a from�other�Church�entities�throughout�the�world.�Balances�arising�from�those�transactions�are�dealt�with�as�entries�on�behalf�o The�Church�of�Jesus�Christ�of�Latter�day�Saints.

During�the�year�a�further�£500,000�was�advanced�to�OHL�to�increase�the�unsecured�loan�facility�to�£12.74m�(2019:�£12.24m)� granted�by�the�Charity�to�OHL�to�fund�OHL's�operations.�The�loan�facility�and�drawdowns�thereof�are�deemed�to�occur�at�arm's length.�A�provision�for�impairment�of�the�OHL�loan�notes�was�made�to�reduce�the�receivable�to�equal�the�value�of�OHL's�asset, being�the�amount�expected�to�be�available�for�settlement�of�the�loans�as�at�31�December�2020.

During�2019�the�Charity�had�transactions�with�a�new�charity�Covent�Garden�IP�Limited�(“CGIP”).��CGIP�is�owned�by�Property� Reserve�Inc,�a�Utah�non�profit�corporation�(“PRI”).�One�of�the�trustees�and�officers�of�PRI�is�also�an�authorised�agent�of�the parent�company�consequently�CGIP�is�treated�as�a�related�party�in�this�report�and�financial�statements.�On�31�December�2019 the�Charity�made�a�donation�to�CGIP�of�£103,289,000�comprising�the�investment�property�Alder�Castle�and�all�assets�and� liabilities�associated�with�the�related�investment�activities.��

21�Commitments�under�non�cancellable�operating�leases

At�31�December�2020,�the�Charity�had�future�minimum�rentals�payable�under�non�cancellable�operating�leases�for�the�lease�of buildings�used�for�worship�purposes�and�also�as�housing�for�missionaries.

Thesearesetoutbelow: 2020 2019
£'000 £'000
Lessthanoneyear 1,360 1,561
Twotofiveyears 1,208 1,319
Morethanfiveyears 619 846

OHL�has�not�entered�into�non�cancellable�operating�lease�arrangements.�

45

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued) for�the�year�ended�31�December�2020

22Financialinstruments
Financialassetsmeasuredatamortisedcost:
Loannotes
Lessprovisionforimpairmentofloannotes
Otherdebtors
Financialliabilitiesmeasuredatamortisedcost:
Tradeandothercreditors
AmountsowedtoParentCompany		 Group
Group
Charity
Charity
2020
2019
2020
2019
£'000
£'000
£'000
£'000
�
�
12,740
12,240
�
�
(4,640)
�
435
989
522
1,081
435
989
8,622
13,321
(2,867)
(2,564)
(2,846)
(2,544)
�
(326)
�
(326)
(2,867)
(2,890)
(2,846)
(2,870)

23�Pension�and�other�post�employment�commitments

The�Church�of�Jesus�Christ�of�Latter�day�Saints�is�the�sponsoring�employer�of�a�funded�defined�benefit�pension�scheme�in�the�U which�provides�retirement�benefits�based�on�members'�salary�when�leaving�employment.�The�scheme�was�closed�to�new� entrants�on�31�December�2012.

The�assets�of�the�Plan�are�held�in�a�separately�administered�fund�and�the�Plan�is�administered�by�a�trustee�body�(independent� of�The�Church�of�Jesus�Christ�of�Latter�day�Saints)�who�are�responsible�for�ensuring�that�the�Plan�is�sufficiently�funded�to�meet current�and�future�obligations.�The�liabilities�set�out�in�this�note�have�been�calculated�based�on�the�results�of�the�full�Scheme� Funding�Assessment�as�at�31�December�2019,�updated�to�31�December�2020,�allowing�for�additional�benefit�accrual�and� benefits�paid.�The�present�value�of�the�defined�benefit�obligation�is�measured�using�the�projected�unit�credit�method.

The�Church�of�Jesus�Christ�of�Latter�day�Saints�has�agreed�a�funding�plan�with�the�trustee�body,�whereby�ordinary�contribution are�made�into�the�Plan�based�on�a�percentage�of�active�employees'�salary.�Additional�contributions�have�been�agreed�with�the trustee�to�reduce�any�funding�deficit�where�necessary.�The�projected�pension�expense�for�the�year�ending�31�December�2021� is�expected�to�be�approximately�£2,081,000.

The�disclosures�set�out�below�are�based�on�calculations�carried�out�as�at�31�December�2020�by�an�independent�qualified�actua

Principalassumptions At31December2020 At31December2019
perannum perannum
Discountrate 1.25% 1.95%
Aggregatelong�termexpectedrateofreturnonassets(netofexpenses) 1.25% 1.95%
RetailPricesIndex(RPI)Inflation 3.05% 3.15%
ConsumerPricesIndex(CPI)Inflation 2.30% 2.15%
Futureincreasesindeferredpensions 2.30% 2.15%
Rateofincreaseinsalaries 2.30% 3.65%
Rateofincreasetopensionsinpayment:
LPI(max5%)basedonRPI 3.00% 3.00%
LPI(max3%)basedonRPI 2.45% 2.40%
LPI(max2.5%)basedonRPI 2.15% 2.10%

46

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

23Pensionandotherpost�employmentcommitments(continued)
Principalassumptions(continued) At31December2020 At31December2019
perannum perannum
Mortalityassumptions(beforeandafterretirement) 95%ofS3PxA 95%ofS2PxA
CMI2019withalongterm CMI2018withalongterm
improvementrateof1.25%pa improvementrateof1.25%pa
andinitialadditionof0.5%pa andinitialadditionof0.5%pa
Cashcommutation 80%HMRCmaximumoncurrentterms
Futurelifeexpectancy:
Maleaged65atbalancesheetdate 22.7 22.5
Maleachievingage65,20yearsafterbalancesheetdate 24.0 23.8
Femaleaged65atbalancesheetdate 24.9 24.3
Femaleachievingage65,20yearsafterbalancesheetdate 26.4 25.9

The�financial�assumptions�shown�are�illustrative�single�equivalent�rates�that�lead�to�the�same�value�being�placed�on�the�liabilit as�that�obtained�when�using�whole�curves.�The�single�equivalent�CPI�assumption�shown�is�based�on�an�average�CPI�wedge� of�0.75%�pa�across�all�durations�(i.e.�both�before�and�after�2030).

Asset�breakdown

The�major�categories�of�scheme�assets�as�a�percentage�of�total�scheme�assets�are

At31December2020 At31December2019
Diversifiedgrowthfunds 63.0% 63.8%
Liabilitydriveninvestment 36.0% 0.0%
Gilts 0.0% 19.7%
CorporateBonds 0.0% 15.8%
Insuredpensions 0.1% 0.2%
Netcurrentassets 0.9% 0.5%
Cash 0.0% 0.0%
100.0% 100.0%

The�pension�scheme�has�not�invested�in�any�of�The�Church�of�Jesus�Christ�of�Latter�day�Saints'�own�financial�instruments,�nor�i properties�or�other�assets�used�by�The�Church�of�Jesus�Christ�of�Latter�day�Saints.�The�assets�are�all�quoted�in�an�active�market with�the�exception�of�the�insured�pensions.

Netdefinedbenefitliability At31December2020 At31December2019
£000 £000
FairvalueofSchemeassets 75,202 68,229
Presentvalueofdefinedbenefitobligation 94,926 86,636
Definedbenefitliabilityrecognisedinbalancesheet 19,724 18,407

47

����������������������������������������������������������

THE�CHURCH�OF�JESUS�CHRIST�OF�LATTER�DAY�SAINTS�(GREAT�BRITAIN)

Notes�to�the�financial�statements�(continued)

for�the�year�ended�31�December�2020

23Pensionandotherpost�employmentcommitments(continued)
TotalexpenserecognisedinSOFA At31December2020 At31December2019
£000 £000
Currentservicecost 1,795 1,486
Administrationexpenses 164 179
Pastservicecostsincludingcurtailments 82 �
Effectofsettlements � �
Recognisedinarrivingatoperatingprofit 2,041 1,665
Netinterestonthenetdefinedbenefitliability 327 327
TotalrecognisedinSOFA 2,368 1,992
Totalamountstakentootherrecognisedgains/(losses) At31December2020 At31December2019
£000 £000
Actualreturnonschemeassets�gains 5,875 6,339
Lessamountsincludedinnetinterestonthenetdefinedbenefitliability (1,341) (1,772)
Remeasurement�gains�returnonschemeassets
excludinginterestincome 4,534 4,567
Remeasurementgains/losses�actuarial�(losses) (6,811) (10,765)
Remeasurement(loss)recognisedinotherrecognised(losses)/gains (2,277) (6,198)
Changesinthepresentvalueofthedefinedbenefitobligation
At31December2020 At31December2019
£000 £000
Presentvalueofdefinedbenefitobligationatbeginningofperiod 86,636 75,266
Benefitspaid (2,460) (3,399)
Currentservicecost 1,795 1,486
Administrationcosts 164 179
Interestcost 1,668 2,099
Remeasurementgains/losses�actuarial�losses/(gains) 6,811 10,765
Employeecontributions 230 240
Pastservicecostsincludingcurtailments 82 �
Presentvalueofdefinedbenefitobligationatendofperiod 94,926 86,636
Changesinthefairvalueofassets
At31December2020 At31December2019
£000 £000
FairvalueofSchemeassetsatbeginningofperiod 68,229 62,475
Interestincome 1,341 1,772
Remeasurementgainsand(losses)
�returnonschemeassetsexcludinginterestincome 4,534 4,567
Contributionsbyemployer 3,328 2,574
Employeecontributions 230 240
Benefitspaidincludingexpenses (2,460) (3,399)
FairvalueofSchemeassetsatendofperiod 75,202 68,229

48