CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the perfod From 1 January 2024 To 31 December 2024 Charity nama: St Paul's G8nnan Evangellcal Reformod Church Trust Charity registration number: 1073905 Objectives and Activities SORP referenr Summary of the purposes of the charity as set out in its governing document pa 1.17 The object of the charity is the advancement of religion by promoting religious and other charitable work in the Gennan speaking protestsnt community in Greater London in accordan with the traditions of St Paul's German Evangelical Reformed Church Although grants were not made durlng the year under review, the Trustees remain consdous of the fundlng needs of the German churches in London in the absence of the historic support they previously received from the Geman govemment. They anticipate making appropriate grants in future periods. Summary of the main acttvities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Grants were made to charfti8S SUPPOrting the homeless. Statement confimiing whether the trust88s have had regard to the guidance issued by the Charity Commission on public benefit Par8 1.18 The trustees have considered the Public Benefit requirement and believe that the charity's current activities are in line with Charty Commission guidelines. Addftlonal information (optional) You ma choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Page I
Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference Gtven the changes which have taken place in the demographic of the Genan communty in London following Brexit, and consequently also on the impact this is having on the congregations of the Gennan churches, the Trustees have been considering the scope of the Charty's objects. They have concluded they are drawn too narrowly to fulfil adequately the charitable aspirations for the legacy of the original St Paul's German Refomied Church. It is proposed to redraft the objects and seek Charity Commission approval of a revision which widens the scope but still retsins the spirit if not the letter of the existing objects. This would enable the Charity to raise its level of donations. The Trustees had already in 2023 concluded that there was scope to increase the annual level of donations and in anticipation of this had slightly amended the composition of the investments through a modest shift from COIF accumulation to COIF income units. This accounts for the higher level of investment incorne disclosed under A1 Receipts and cash under B1 Cash Funds. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstsnces of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The Trustees remain alert to expanding the range of the Trust's beneficiaries. The following grants were made in relation to ongoing projects: Page 2
Ongoing projects: A grant of £15,000 to Glass Door, a London Homeless charity sponsored by and supported by local churches. A grant of £15,000 to Scotscare, a charity that provides support to Scottish people in London who are facing hardship, need, or distress. In making this grant the Trustees were conscious of the historical support given to the fledging St Paul's Church by the Church of Scotland. A grant of £15,000 to support two volunteers at Q.V.S.R, a retirement home for International seafarers in East London. A grant of £15,000 was made to The Connection at Sl Martin-in-the-fields in London lo support their ongoing work with the homeless. A grant of £5,000 was made to the Historic Chapels Trust, a charity that wod(s to save and protect significant non-Anglican places of worship in England Ihat are no longer in use by their congregations. In totsl the grants made were £65,000. The trust will continue to make grants along similar lines in the future and is considering how il might broaden the scope of its donations. The continuing level of dividend income and the level of the charity's reseNes will enable this to be achieved despite a continuing low level of interest eamed on bank de srts. Additional Information (optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 The Trustees were pleased to note the overall posrtive performance of our investment funds over the year and have been reinforced in their faith in the value of using specialist charity fund managers. Investment performance against objectives Para 1.41 Other Page 3
Financial Review Review of the charity's financial position at the end of the riod Statement explaining the policy for holding reserves stating why they are held Para 1.21 The charity has cash reserves of £93.275 and Investment Assels of £4.749,184. Para 1.22 The trustees consider the investment assets to be in the nature of an endowment fund to fund the continuing activities of Ihe charity whilst maintaining the real value of the original endowment. The cash reserves of £93,275 are considered sufficient but not excessive to meet the immediate needs of the charity. In reaching this view, the trustees are mindful of the greater calls on the trust's funds as a result of the Gemian churches becoming dependant on their own resources and no lon er subsidised from German The charity has cash reserves of £93.275 and Investment Assets of £4,749.184. The charty does not hold zero resepies, see section above No funds are in deficit Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charty continuing as a going concern Para 1.22 Para 1.24 Para 1.23 No such conc8rns are noted Addltlonal information (optional) You ma choose to include further slatements where relevant about: The investment objectives of the charity are to achieve balanced gr0h of caprtal and income. The trustees regularly review the performance of the charity's investments which remain invested in COIF Charity Funds and in Schroder Charity MU1-ASSet Units. The trustees believe these funds lo ro riate for the ur oses of the Irust. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social inveslment policy adopted The market value of the charity's investments at 31 December 2024 was £4.749,184 {31 December 2023: £4,115.172). Investment income increased during the year from £56,726 in 2023 to £81,195 in 2024. Para 1_46 The trustees regularly review the risks to which the charity is exposed and consider that the only major risk faced by the charity are Ihose 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 portfolio is managed by two well-known firms of investment managers cialisin in investment for charities and A description of the principal risks facing the charity Para 1.46 Page 4
the trustees monilor thelr performan regularly. Other Since the Protestant Church in Gemiany ceased subsidising the German Churches in London there has been a continual demand on the Trusl for funding, which it has sought to meet where possible and appropriate. The Trustees are actively exploring other areas of support for the work of the Church in London which would accord with the charitsble Spirit and traditlons of the original St Paul's Gennan Church congregations. Of particular interest is the potential for working with churches supporting the homeless in London and suitable new 'ects are bein Structure, Governance and Management Descriplion of chaiitys trusts: Type of goveming document Pora 1.25 Charity Commission Scheme sealed 2 July 1998. How is the charity constituted? Jri)Jrated Para 1.25 Charitable Trust. Trustee selectlon methods includlng detslls of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Individual Trustees are invited to propose names of suitable potential trustees for approval by the trustees. Addlllonal Information (optional) You ma choose to include further ststements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charty works Para 1.51 Page 5
Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the chari uses istered charit number Charity's principal address St Paul's German Evan elical Reformed Church Trust 1073905 222 Oxford Road Calne Wiltshire SN118AN Names of the charity trustees who manage the charity Trust88 namo Offlce lif any) Dates a¢ted ff not for whola ar Chair Namo of person {or body) entltled toa oint trustee Ifan Mr Dieter Losse Rev Peter Wintgens Mr Uwe Maynard Mrs Katherine Payne Mrs Caroline Quigley Hon Treasurer Cor rate trustees - names of the directors at the date the re Dlrèclor narne rtwasa rov8d NIA Name of trustees holding title to propety belonging to the charity Trustee name Dates acted rf not for whole ar NIA Page 6
Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Additlonal Information (optlonal) Names and addresses of advlsers (Optlonal Infonnation) Type of Name Address advlser Investment Managers Investment Managers Principal Bankers CCLA Investment Management Schroder Unit Trusts Limited One Angel Lane, London EC4R 3AB 1 London Wall Pla, London EC2Y SAU Barclays Bank PLC 1 Churchill Place, London, E14 5HP Name of chlef executlve or names of senior staff members (Optional infomiation) Exemptions from disclosure Reason for non-disclosure of ke rsonnel details NIA Other o tional information NIA Page 7
Declaratlons The trustees declare that they have approved tho trustees, report abtsve. Signed on behalf of the charlty's trustees 8ignature(s) Full name(s) Po8ltion (eg Secretary. Chair. etc) Dieter Ronold Losse Chalr (Iwe Maynard Treasurer Date io11D Page 8
CHARITY COMMISSIOM FOR ENGIANO ANO WALES St Paul's Gernian Evangolical Reformed Church Trust 1073905 Receipts and payments accounts CC16a For Ihe poriod from 01 January 2024 31 Dec£mber 2024 To Section A Receipts and payments Unrestricled funds Rg$tricted funds Endowmant funds Totsl funds Last y•ar to ts noar••t£ 10 tho no•Mt£ to thg ng•r••t£ to the ngor•t£ A1 Recei Invtrstment IrQme Bank Interest Bq,195 3.198 81.195 3.1 Sub total ( ross income for AR) 843•3 A2 A58el and investment sales, (seo table). Sub total Total recelpts 84.393 58,081 A3Pa Donations ar#J grants to fvrtherth¥wit¥bl• activthes 05.1100 eA)untancy and IndeF4nM •xaml 720 B&r Char988 13 13 Sub total 10313 4(552 A4 Asset and Inv88tment urchases. see tsble Sub total Totalpayments 88313 213 44552 Net of receipts/(paymentsJ A5 Transfers bgtW00n funds A6 Cash funds last ar ènd Cash funds thls year end 18.180 18.180 13,52• 75.095 91275 75.095 93,275 61.566 75.095 Pago 9
Section B Statement of assets and liabilities at the end of the period aiegories funds to n•aMt £ fund$ to n•w•st £ funds to m•ar••t£ B1 Cash funds COIF CharbSe8 Cw0. Fund Bardays 8u8ineB8 S8verPu•unt ¢Wu1tyACJnt Total cash fvnds 93275 Unrostrlctsd R•slrictsd funds to near•t£ Ettdowmènt fund8 to nw•st£ Dptai15 to n•¥rn•l£ B2 Other monotsry assets Fund towhlch balo UnMlrf¢t•d Details COIF CIF AwnwIa0n Units B3 Invostment assots 1.128.8S9 COIF CIFAccAmulation Unils 871084 COIF CIF Vnlts Unr•¥trlct•d 80.713 COIF CIF Incx¥ne Unrf 1Sts.848 Unroslrtc 121280 Fund towhl¢h Details Cost lopdoMI) B4 Assets retalned for the charltys own u30 Fund to whl¢h Amountdu? Vlhon du• Details BS Llabilitles Sgned by ¢)ne or iw) Iwstees on behalf of all tho trustees Dat8 of al Signature Print Name D18tèr Ronald Losse Ma Pw10
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section, A Independent Examiner's Report Report to the trustee81 members of St Paul'& Gemian Evangelical refOne Church Tn1 On accounts for the year ended 31 December 2024 Charity no (if any) 1073905 Set out on pages 1to10 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 31 December 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b} of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than Ihat disclosed below ") in connection wilh the examination which gives me cause to believe thal in. any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets rf they do not apply. Signed: Date: 1511012025 Name: Julian Pocock Relevant professional qualifi¢ation{s) or body (if any): Chartered Accountsnt Address: 17 The Market Pla Devizes Wiltshire SN10 1BA Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER 11 October 2018
Glve here brief details of any items that the examlner wishes to disclose. NIA IER 12 October 2018