2021-12-31-accounts - St Paul's German Evangelical Reformed Church Trust

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					SORP reference
Summary		ofthe purposes		of	Para 1.17	The object ofthe charity is the advancement
the charity		as set out	in its			of religion by promoting religious and other
governing		document				charitable work in the German speaking
						protestant community in Greater London	in
						accordance with the traditions ofSt Paul's
						German Evangelical Reformed Church.
Summary activities	ofthe main in relation to those				Para 1.17and 1.19	During the year, due to the ongoing Covid restrictions and their knock-on effects, grants
purposes	for the public					were not made to the German church's
benefit, in particular,			the			parochial districts of London East and West
activities,	projects or		services			or the German Choir London. It is expected
identified	in the accounts.					that grant applications will be received for
						2022.
						Grants were made to charities supporting
						the homeless and adults with learning
						difficulties.
						Due to the Covid pandemic no trustees'
						meeting was held in the year and all
						decisions made via exchange ofemails.
Statement		confirming			Para 1.18	The Trustees have considered the Public
whether the trustees			have			Benefit requirement and believe that the
had regard		to the guidance				charity's current activities are in line with
issued by	the Charity					Charity Commission guidelines.
Commission		on public
benefit

Policy on	Policy on	social investment	social investment	social investment
including		program		related
investment
					Para 1.38
Contribution			made by
volunteers
Other
Achievements				and Performance
					SORP reference
						During the year, due	to the ongoing Covid
						restrictions and their	knock-on effects, grants
						were not made to the	German church's
Summary ofthe main achievements ofthe charity,					Para 1.20	parochial districts of London East and West or the German Choir London. It is expected
identifying		the difference the				that grant applications	will be received for
charity's	work has			made to		2022.
the circumstances				of its
beneficiaries			and any wider			Grants are also made	to charities supporting
benefits to		society		as a		the homeless.
whole.
						Ongoing projects:
						A grant of210,000to	Glass Door, a London
						Homeless charity sponsored by and
						supported by local churches.
						A grant of210,000 to	Borderline, a charity
						supporting homeless	with a Scottish Origin.
						In making this grant the Trustees were
						conscious ofthe historical support given to
						the fledgling St Paul's	Church by the Church
						of Scotland.
						A grant ofE8,832to support two volunteers
						at Q.V.S.R, a retirement home for
						international seafarers	in East London.
						In total the grants made were F28,832.
						The trust will continue	to make grants along
						similar lines in the future and is considering
						how it might broaden	the scope of its
						donations. The continuing level ofdividend
						income and the level ofthe charity's
						reserves will enable this to be achieved
						despite a continuing low level ofinterest
						earned on bank de osits.

Achievements	Achievements	against	Para 1.41
objectives set
Performance		offundraising
activities against objectives			Para 1.41
set
				Despite the initial adverse				impact ofthe
				pandemic	on investment			markets,	the
Investment	performance		Para 1.41	Trustees	were pleased		to	note the	overall
against objectives				positive performance		of our investment
				funds over the year and have been
				reinforced	in their faith		in	the value	of using
				specialist	charity fund	managers.
Other

Financial Review	Financial Review	Financial Review	Financial Review	Financial Review
Review ofthe charity's financial position at the ofthe eriod					end	Para 1.21	The charity has cash reserves off62,190 and Investment Assets ofE4,587,960.
Statement explaining				the		Para 1.22	The trustees consider the investment assets
policy for holding	reserves						to be in the nature ofan endowment fund	to
stating why they	are held						fund the continuing activities ofthe charity
							whilst maintaining the real value ofthe
							original endowment.
							The cash reserves off62,190are
							considered sufficient but not excessive to
							meet the immediate needs ofthe charity.	In
							reaching this view, the trustees are mindful
							ofthe greater calls on the trust's funds as	a
							result ofthe German churches becoming
							dependant on their own resources and no
							longer subsidised from Germany.
Amount of reserves			held			Para 1.22	The charity has cash reserves off62,190
							and Investment Assets ofE4,587,960.
Reasons for holding			zero			Para 1.22	The charity does not hold zero reserves, see
reserves							section above.
Details offund materially					in	Para 1.24	No funds are in deficit.
deficit
Explanation ofany						Para 1.23	No such concerns are noted.
uncertainties about		the
charity continuing	as		a	going
concern
Additional information					(optional)
You ma choose	to	include further statements					where relevant about
							The investment objectives ofthe charity are
The charity's principal sources offunds (including						Para 1.47	to achieve balanced growth ofcapital and income. The trustees regularly review the performance ofthe charity's investments
any fundraising)							which remain invested in COIF Charity
							Funds and in Schroder Charity Multi-Asset
							Units. The trustees believe these funds to	be
Investment policy	and						appropriate for the purposes ofthe trust.
objectives including any social investment policy						Para 1.46	The market value ofthe charity's investments at 31 December 2021 was
adopted							E4,587,960(31 December 2020:
							E3,963629).Investment income dropped slightly during the year from f35,804 in 2020
							to 32,870 in 2021.
A description ofthe		principal				Para 1.46
risks facing the charity
Other							Since the Protestant Church in Germany ceased subsidising the German Churches	in
							London there has been a continual demand
							on the Trust for funding, which it has sought
							to meet where possible and appropriate.

The Trustees are actively exploring	other
areas ofsupport for the work ofthe	Church
in London which would accord with	the
charitable spirit and traditions ofthe	original
St Paul's German Church congregations.
Of particular interest is the potential	for
working with churches supporting the
homeless in London and suitable new
ro ects are bein sou ht.

Description		of charity's
trusts:
Type ofgoverning document (trust deed, royal charter)				Para 1.25	Charity Commission 1998.					Scheme sealed							2	July
How is the	charity			Para 1.25	Charitable			Trust.
constituted?
(e.g unincorporated
association,		CIO
Trustee selection methods including details of any				Para 1.25	Individual trustees names ofsuitable				are invited to propose potential trustees for
constitutional provisions election to post or name			e.g. of		approval		by the trustees.
any person		or body entitled
to appoint one or more
trustees
Additional	information		(optional)
You ma choose to include further statements					where relevant about:
Policies and		procedures
adopted for	the induction		and	Para 1.51
training oftrustees
The charity's		organisational
structure and		any wider		Para 1.51
network with		which the
charity works
Relationship		with any related		Para 1.51
parties
					The trustees			regularly			review			the	risks to
Other					which the		charity is		exposed					and	consider
					that the only			major	risk		faced			by the charity
					are those	to		which the			investment					portfolio			is
					exposed,	namely maintenance of capital
					values and		income		levels.				In	order		to
					mitigate these risks, the							charity's			investment
					porffolio is		managed			by two well-known								firms
					of investment			managers				specialising					in
					investment		for charities				and the trustees
					monitor their			performance					regularly.

Charity's	principal	address	The German	YMCA
			35 Craven Terrace
			London
			W2 3EL

Name	s ofthe charity trust	s ofthe charity trust	ees who manage t	he charity
	Trustee name		Office (ifany)	Dates acted if not for whole year	Name ofperson (or body) entitled to appoint trustee ifan
1	Mr Dieter	Losse	Chair
2	Mr Frank	Taylor		Resigned —18/09/2020
3	Rev Peter	Wintgens
4	Mr Antony	Ratcliff		Resigned 30/01/2022
5	Mr Uwe Maynard		Hon Treasurer
	Mrs Katherine
	Payne
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as	Funds held as	custodian	custodian	trustees	on behalf ofothers	on behalf ofothers
Description	ofthe	N/A
assets held in this
capacity
Name and	objects	N/A
ofthe charity on
whose behalf the
assets are	held
and how this falls
within the
custodian
charity's objects
Details of		N/A
arrangements for
safe custody and
segregation	of
such assets from
the charity's	own
assets
Additional	information		(optional)
Names and addresses		ofadvisers		(Optional	information)
Type of	Name			Address
adviser
Investment	CCLA Investment			Senator House,		85 Queen Victoria Street, London, EC4V
managers	Management			4ET
Investment	Schroder	Unit	Trusts	1 London Wall		Place, London, EC2Y 5AU
managers	Limited
Principal	Barclays	Bank PLC		128 Moorgate,		London, EC2M 6SX
Bankers

O	qHARiTy gpMMl55lp FOR ENGLAND AND WALE	qHARiTy gpMMl55lp FOR ENGLAND AND WALE	qHARiTy gpMMl55lp FOR ENGLAND AND WALE	qHARiTy gpMMl55lp FOR ENGLAND AND WALE	qHARiTy gpMMl55lp FOR ENGLAND AND WALE		St Paul's German Church Trust	Evangelical	Reformed		1073905
							Recei	ts and	a	ments accounts			CC16a
							Forthe Period	0I-Jan-2	I		3I-Dec-2'I
							from			To
~		i		-
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							Unrestricted funds	Restricted funds		Endowment funds	Total	funds	Last year
							to the nearest 6	tothe nearest	6	to the nearest 6	tothe nearest 6		to the nearest 6
A1 Recei	ts
Investment Income Bank Interest							32,870					32,870	35,804
													90
u	o a		ross/ncome		or
					AR)		32,874					32,874	35,894
A2 Asset	and	Investment sales,
see table	.
Transfer ofasset		to cash		u	tota								300,000 300,000
			Total receipts				32,874					32,&74	335,894
A3 Pa ments
Donations and grants to further charitable
ob'ectives Accountancy	fees						28,632 600					28,832 600	331332 600
				Sub total			29,432					29,432	331,932
A4 Asset and		investment
				Sub total
			Total	payments			29,432					29,432	331,932
Net ofreceiptsl(payments) A5 Transfers between funds							3,442					3,442	3,962
A6 Cash funds last year end Cash funds this year end							58,748 62,190					58,748 62,190	54,786 581748

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	Categories			Details							Unrestricted funds		Restricted funds	Endowment funds
B1Cash funds											to nearest 6 19,850		to nearest 6	to nearest 6
											325
											42,015
							Total cash			funds	62,190
				(agree		balances	with receipts and payments
										accotmt(s))	OK	OK		OK
											Unrestricted		Restricted	Endowment
											funds		funds	funds
				Details							to nearest 6		to nearest 6	to nearest 6
B2Other monetary assets
B3Investment		assets		Details COIF CIFAccumulation				Units			Fund to which asset belon s Unrestricted	Cost (optional)		Current value o tional 1,045,321
				COIF CIFAccumulation				Units			Unrestricted			2,421,494
				COIF CIF	Income Unites						Unrestricted			98,7&1
				COIF CPF		Income	Units				Unrestricted			900,308
				Schroders	CMAF Distribution				Units		Unrestricted			122,055
B4Assets retained for			the	Details							Fund to which asset belon s	Cost (optional)		Current value o tional
charity's	own use
B5Liabilities				Details							Fund to which liabili relates	Amount due o tional		When due o tional
Signed by one or two trustees behalf of all the trustees			on			Signature					Print Name			Date of
														a royal
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