THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (GREAT BRITAIN)
Company number: 00699764
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Ruben Arias
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 22 days
Total value paid:
- within 30 days: £29,608,197 (82%)
- in 31 to 60 days: £4,577,103 (13%)
- in 61 days or more: £1,835,821 (5%)
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 8%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £6,412,924
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 5%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Invoices from vendors offering payment terms are paid in the pay run prior to expiration of terms. Approved invoices from vendors not offering payment terms are paid in the next available pay run following the date on which the invoice is received. There are generally two payment runs per week.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Any payment we have made outside our standard payment terms are generally due to discrepancies on invoice verses items received or pricing issues that the purchasing department is working with the supplier to resolve before proceeding to pay the invoice.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are used selectively for larger or more complex projects where they are considered appropriate to manage project completion and are not a standard feature of all qualifying construction contracts.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retained funds are released once the completed work has been reviewed and confirmed to meet the required standard. Where issues are identified, they are resolved with the contractor before the retained funds are released.
Is the money released in stages?
No
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
8%
Dispute resolution process
Prior to paying any invoice, company policy is to compare the invoiced items and invoiced amount with the original quote or matching to items received. If there is a discrepancy on the invoice from what we would expect, the internal department who requested the order will dispute the charges directly with the vendor. The resolution will either be an additional shipment of the missing items or a credit note for the original invoice and re-issuing a new, corrected invoice (or a partial credit note for the items not received or billed incorrectly). It is also possible that after discussion with the vendor we come to an agreement to pay the invoice as it originally stood.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No