2022-12-31-accounts

Objec	ti	v	es and	Acti	viti	es
						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.
identified		in the accounts.
							Grants were made to charities supporting
							the homeless and adults with learning
							difficulties.
							The trustees became aware that, due to the
							ongoing consequences of Covid, the
							German YMCA in London was unable to
							make its regular small grants to local
							organisations. The trustees agreed to make
							a grant of810,000to the German YMCA
							with E5,000 being paid in 2022 and another
							F5,000the following year. The allocation of
							this grant to third parties is at the discretion
							ofthe German YMCA's Board of
							Management.
							One trustees' meeting was held in April 2022
							at which Caroline Quigley was appointed	as
							a trustee.
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

				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers
Other

Achiev	eme	nts	and Pe	rformance
				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.
identifying	the	difference the
charity's	work	has made to			Grants are made to charities supporting the
the circumstances			of its		homeless.
beneficiaries and			any wider
benefits to society as a					Ongoing projects:
whole.
					A grant off10,000to Glass Door, a London
					Homeless charity sponsored by and
					supported by local churches.
					A grant off10,000to 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
					ofScotland. Although the cheque was
					issued it was never cashed and so this grant
					does not appear in the accounts. A grant will
					again be paid in 2023.
					A grant ofF8,832to support two volunteers
					at Q.V.S.R, a retirement home for
					international seafarers in East London.

A grant ofE5,000was made to the German
YMCA in London to enable it to continue
providing making small grants to local
organisations. A further grant ofE5,000 will
be made in 2023.
In total the grants made were f33,832.
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 of interest
earned on bank deposits.

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 ofour investment
				funds over the year and have been
				reinforced in their faith in	the value of using
				specialist charity fund managers.
Other

Finan	c	ial Review	ial Review	ial Review	ial Review
Review		ofthe charity's					Para 1.21	The charity has cash reserves off61,566
financial		position		at	the end			and Investment Assets off4,115,172.
ofthe	eriod
Statement explaining					the		Para 1.22	The trustees consider the investment assets
policy for holding				reserves				to be in the nature of an 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 off61,566 are
								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 of261,566 and Investment Assets off4,115,172.
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

concern
Additional		information			(optional)
You ma	choose		to	include		further statements	where relevant about
							The investment objectives ofthe charity are
							to achieve balanced growth ofcapital and
The charity's principal sources offunds (including						Para 1.47	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
							appropriate for the purposes ofthe trust.
Investment policy and objectives including any						Para 1.46	The market value ofthe charity's
social investment adopted			policy				investments at 31 December 2022 was E4,115,172.20 (31 December 2021:
							E4,587,960.67).Investment income
							increased slightly during the year from
							f32,870 in 2021 to F33,437 in 2022.
A description		ofthe		principal		Para 1.46
risks facing		the charity
							Since the Protestant Church in Germany
Other							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.

Structure, Governa	nce	and Manag	ement
Description ofcharity's
trusts:
Type of governing document		Para 1.25	Charity Commission			Scheme sealed		2 July
(trust deed, royal charter)			1998.
How is the charity		Para 1.25	Charitable	Trust.
constituted?
(e.g unincorporated
association, CIO
Trustee selection methods		Para 1.25	Individual	trustees	are invited to propose
including details of any			names of	suitable	potential		trustees	for
constitutional provisions	e.g.		approval	by the trustees.
election to post or name	of
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 adopted	and procedures for the induction	and procedures for the induction	and	Para 1.51
training	oftrustees
The charity's structure and		organisational 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 ofcapital
					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

ame	s ofthe chari	s ofthe chari	ty trust	ees who manage t	he charity
	Trustee name			Office (ifany)	Dates acted year	ifnot for whole	Name ofperson (or body) entitled to appoint trustee ifan
1	Mr Dieter	Losse		Chair
2	Rev Peter	Wintgens
3	Mr Antony	Ratcliff			Resigned	30/01/2022
4	Mr Uwe Maynard			Hon Treasurer
	Mrs Katherine
	Payne
6	Mrs Caroline		Quigly		Appointed	06/04/2022
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as	custodian	custodian	trustees	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, EG2Y 5AU
managers Limited
Principal Barclays	Bank PLC		128 Moorgate,		London,	EC2M 6SX
Bankers

O CHARITY COMMISSIO FOR ENGLANO ANp WAI.E	O CHARITY COMMISSIO FOR ENGLANO ANp WAI.E	O CHARITY COMMISSIO FOR ENGLANO ANp WAI.E	O CHARITY COMMISSIO FOR ENGLANO ANp WAI.E	StPaul's German Evangelical Reformed Church Trust Receipts and payments For the period from To	StPaul's German Evangelical Reformed Church Trust Receipts and payments For the period from To	StPaul's German Evangelical Reformed Church Trust Receipts and payments For the period from To	StPaul's German Evangelical Reformed Church Trust Receipts and payments For the period from To	1073905 accounts . I L-,.cz'	1073905 accounts . I L-,.cz'	1073905 accounts . I L-,.cz'		CC16a
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				Unrestricted funds	Restricted funds		Endowment funds		Total	funds		Lastyear
				tothe nearest	tothe nearest 6		tothe nearest 6		to the nearest		E	to the nearest 6
A1 Receipts
Investment Income				33,437						33,437		32,870
Bank Interest				431							431
Sub total (Gross	income for AR)			33,868						33,868		32,874
A2 Asset and investment			sales,
(see table).
Transfer ofasset to cash
		Sub total
Total			receipts	33,868						33,868		32,874
A3 Payments
Donations and grants to further			charitable
objectives				33,832						33,832		28,832
Accountancy fees				660							680	600
		Sub total		34,492						34,492		29,432
A4 Asset and investment
purchases, (see table)
		Sub total
Total	payments			341492						34,492		29,432
Net ofreceiptsi(payments)				624							624	3,442
A5 Transfers between	funds
A6 Cash funds last year			end	62,190						62,190		58)748
Cash funds this		year end		61,566						61,566		62,190

	~		a							~ ~	~ ~		~	~ a
										Unrestricted				Restricted		Endowment
										funds				funds		funds
										to naarasi		5		to nearest 6		to nearest 6
8'I Cash		funds										4,852
												325
											56,389
						Total cash			funds		61I566
					Iacrcc balances with		receipts and payments
									account(s}}
										Unrestricted				Restricted		Endowment
										funds				funds		funds
										to nearest		5		to nearest 5		to nearest 5
82 Other		monetary assets
										Fund to which asset balon s			Cost (optional}			Current value o tlonal
83Investment				assets	COIF CIFAccumulation		Units			Unraslriclad						943,834
					COIF CIFAccumula(ion		Units			Unrestricted						2,186,399
					COIF CIF Income Unites					Unrestricted						87,019
					COIF CPF Income Units					Unrestricted						788,460
					Schrodars	CMAF Dislribution		Units		Unraslriclad						109,460
										Fund to which asset balon s			Cost (optional)			Current value o tlonal
84Assets retained for the
charity's		own use
										Fund to	which			Amount	dua	When dua
										liablli	relates			o tional		o tlonal
85 Liabilities
Signed by one or two trustees on behalf of all the trustees						Signature						Print	Name			Date of approval
										)IQRft,		l4~g		L4y5SP		+ I, Qh
											P PV/4&tt-1)
CCXXR2 accounts (SS)																09/06/2023