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← The Swiss Church In London

2024-12-31-accounts

Registered number: 04454591 Charity number: 1094992

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON) (A company limited by guarantee)

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

CONTENTS

Page
Report of Trustees 3 – 21
Independent Examiner’s Report 22
Statement of Financial Activities 23
Balance Sheet 24 – 25
Notes to the Financial Statements 26 – 35

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT For the year ended 31 December 2024

The trustees who are also Directors of the Charity for the purposes of the Companies Act present their report with the financial statements of the charity for the period 1 January 2024 to 31 December 2024. The financial statements have been prepared in accordance with the Charities Act 2011 and the 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 (FRS 102) (effective January 2015) and comply with the charity’s governing document.

OBJECTIVES AND ACTIVITIES

The Swiss Church is a Spiritual Home to the Swiss in the UK. As a Swiss Church, it is a member of the one universal, apostolic and holy Church of Christ. Its foundation is the word of God as witnessed in both the Old and the New Testament. The Swiss Church, affiliated to the Protestant Church in Switzerland (previously known as Federation of Swiss Protestant Churches) in Berne, adheres to its roots in the Swiss Reformation of the 16th Century. It strives to proclaim God’s word according to the principles set out by the Reformation, in particular by John Calvin and Huldrych Zwingli.

In their spirit, the Swiss Church encourages its members to actively explore the Christian faith and to find a personal belief based on reflection and experience.

It seeks to further and strengthen Christian love, solidarity, justice and truth. In ecumenical openness, the Swiss Church welcomes Roman Catholics and Christians of all other denominations.

As a Swiss Church founded by French speaking Swiss in the 18th Century and later united with the German-speaking congregation, it is a meeting place for all Swiss and friends of Switzerland from all walks of life. The Swiss Church seeks to contribute actively to the social life of the Swiss community in London and promotes cultural and social activities to strengthen friendship and understanding.

We believe that both aspects, its being a Church and its being a Swiss institution are inseparably intertwined and stimulate each other

As a Swiss Church in London it is our mission to reach out to the church’s local community in the Covent Garden/Holborn area and across the city, providing support for those most in need and fostering the dialogue between the Christian faith and the arts community. We strive toward building ever closer networks with local charities, churches and organisations to achieve the greatest possible impact

Present tasks, activities and groups in the Swiss Church include:

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

Public benefit

In setting our objectives and planning our activities the board of trustees has considered the Charity Commission's general guidance on public benefit, and to its supplementary public benefit guidance on advancing religious education.

REVIEW OF ACHIEVEMENT AND PERFORMANCE

During 2024 the focus continued to be the fulfilment of our general objectives listed below:

• Make the Swiss Church better known among the Swiss in London, visitors and the local community as a spiritual home and a meeting place through traditional Swiss events and joint activities with the wider Swiss community.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

• Keep all PAYE’s and freelancers in employment

• Recruit new trustees whilst continuing to hold board meetings online and establish flexible governance structures

• Reorganise local outreach work within the resources available

• Rebuild the volunteer base for our main activities

Services, pastoral care and spiritual life:

Services: Sunday Services are held twice monthly, except for the summer break in August. On the first Sunday in the month services included Holy Communion, and singers from the Holborn Chamber Choir made up the choir. Reverend Carla Maurer led the services until her departure in June 2024. Numbers attending services varied and were generally lower than before the Covid-19 crisis.

We welcomed Rev. Manuel Zimmerman Grey in early September 2024 on a fixed term contract of 18 months to lead the SCL. As the role for a new minister was not advertised officially across the UK and Switzerland the Consitoire decided upon a fixed term contract to ensure the ministry remained filled after the departure of Carla Maurer.

Key Service Highlights:

January: The year began with a New Year service featuring communion (7[th] January), followed by a guest preacher, Revd Edward Carter, from St Peter Mancroft in Norwich (21[st] January).

March: Easter service was held on 31[st] March, marking a significant event in the liturgical calendar. June: On 2[nd] June the baptism of Michelle Armstrong and Philip Rauber took place. July: Farewell service for Carla Maurer took place on 7[th] July. On 21[st] July, a confirmation service took place for Anna Lea Duba González.

August: The church observed a summer break in services.

September: Services resumed with a communion service led by Niccolò Aliano (12[th] September), followed by the Federal Penance Day service with Reverend Manuel Zimmermann Grey (15[th] September), and a regular service on 29[th] September.

Music and Choir:

The Swiss Church London Choir, supported by members of the Holborn Chamber Choir, enhanced worship with anthems and introits, especially on the first Sunday of the month. Choir auditions were held in May to maintain and grow the choir. We also bid farewell to our choir director Yang Ooi who announced his departure to Malta to take on a new professional assignment in early 2025. Thank to Yang we were able to start the process of building the Swiss Church Choir.

Special Services:

The Annual Commemoration Service was held on 20[th] November to remember those who had passed away in the community.

Service Features:

Communion: Offered on the first Sunday of each month.

Music: Integral to the services, with a mix of traditional and modern hymns, often led by the church’s Späth

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

organ or Steinway piano.

Community Involvement: Guest preachers, youth groups, and special music events enriched the worship experience throughout the year.

Ecumenical relations: We continued to maintain friendly relations with the Dutch Church in London, the French Protestant Church in London, the German Church in London, and to share information concerning common challenges.

Community and Outreach Work

The community programme is aimed at the Sunday congregation, Swiss people living in London, and the community in the locality of the church.

Breakfast on the Steps (BOS) took place each Tuesday morning, frequented mainly by people affected by homelessness and other vulnerable and disadvantaged people from the local community.

It was also a year marked by the 10th anniversary of our Breakfast on the Steps programme. We said farewell to our Lead Volunteer, Andreas Feller-Ryf, and recorded the passing of a long-term guest and passionate member of the local homeless community, Andy Palfreyman.

We Welcome Amanda Camenisch as new BOS Lead coordinator on a freelance paid basis.

Zine Publication: To celebrate 10 years of BoS, the church produced a self-published zine featuring stories from longstanding guests.

Issues Surrounding Breakfast on the Steps (BoS) in 2024

Rising Demand and Resource Constraints:

The programme has seen a steady rise in the number of guests, with an average of 75 per week. This growth reflects the increasing impact of homelessness and poverty in London. The rising demand has placed greater pressure on volunteers and resources. The church relies heavily on dedicated volunteers and generous donors to sustain the programme.

Financial Challenges:

The church reported a significant expected shortfall in the financial year, making ongoing and growing support from friends and donors essential for the future of BoS and the church itself. Programme Expansion and Sustainability:

The introduction of the Art Club and regular exhibitions has enriched the BoS experience but also increased the need for funding and volunteer support.

Community Engagement:

While the programme is highly valued by guests, maintaining a welcoming and supportive environment requires continuous effort and resource allocation. Leadership and Transition:

The church experienced several leadership transitions in 2024, including the departure of long-standing volunteers and the onboarding of new staff and volunteers. These changes necessitated careful management to ensure the continuity and quality of BoS and other outreach activities.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

Art Club: The BoS Art Club, funded by EKS Schweiz and supported by the London Graphics Centre, offers creative opportunities for guests.

Exhibitions: The “PORTALS” exhibition (23–24 November 2024) showcased artwork by people with experience of homelessness and poverty, many of whom are regular BoS guests. We are grateful to HE Ambassador Leitner attending the opening and giving a speech.

Swiss community

Some of the church groups (La Causerie, Frauenverein and Mothers Group) meet regularly in person at the church for their monthly gatherings.

2024 also marked a milestone within our congregation as we gathered in the church in early May to celebrate the 100th birthday of Yolande Birch. General Consul Thomas Wagner presented Yolande with a bouquet of Flowers on behalf of the Swiss embassy.

2024 Swiss National day (SND) was hosted by the Swiss Church and attracted over 120 guests on the 1[st] of August 2024. We were grateful to welcome HE Ambassador Marcus Leitner as our special guest and he gave the welcome address.

In December, several Swiss families came together for a Family Christmas Afternoon, including Swiss food and drink singing of Swiss carols, reading of the Christmas story, and a special visit from Samichlaus (Swiss Santa).

The following platforms continued to be in use to socially connect:

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

Fundraising

The SCL maintained its fundraising activities in Switzerland and in the UK, though grant income was harder to obtain.

Volunteer coordinator Andreas Feller and then Amanda Camenisch supported the church with fundraising for the Breakfast on the Steps homeless outreach programme. Funding was obtained from the Big Give Christmas Challenge Matched Funding Campaign, from the National Lottery Community Fund, and from individual parishes of the reformed churches in Switzerland.

Organ Recitals, concerts and music

There was a broad range of organ and choral recitals accompanying our church services during 2024 and we thank Peter Yardley-Jones and Choir Director Yang Ooi for their continued support and dedication to the Swiss Church in London.

Arts Programme:

Freelance Arts Program Managers Diane Chappalley and Lizzy Drury continued their work supported by Lindsey Wiercioch as Arts Trustee, establishing links between the arts programme and the community. Both Diane and Lizzy through their work enriched the arts offering of the SCL not just within our local community but with a much broader reach, supported by a growing Instagram and social media following, which strengthened the narrative and values of the SCL.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

Day to Day Records Management

Daily the church office team, Consistoire and volunteers continued to see the positive impact of the new data management system that was introduced in 2021. Information is easily accessible for everyone involved with appropriate levels of access assigned according to specific job roles to conform to data protection requirements.

Historic Archives Records Management

The Consistoire recognised that the absence of a record management policy puts at risk the archive and handing down of information for future generations. There is also no complete list of the church’s historic archives which are in three different places. The Consistoire is acutely aware that more time and resources will need to be devoted to preserving documents, and that specific grant funding will be needed to support work on this important task.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

Cultural Events:

Communication

The Swiss Church News appeared three times during the year, in print and electronically, reaching about 1,800 readers.

The electronic newsletter was sent out to mark important events and share new developments.

The Swiss Church is active on social media (Facebook, Instagram and LinkedIn) and announces events on various Swiss community Facebook pages to reach out to the wider Swiss community in London. The social media outreach has improved

Reports appear on the regional pages of the ‘Swiss Review’ which is sent out to Swiss living abroad. Organ recitals and art events are published on various cultural platforms.

Venue and hirings

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

Building maintenance

Regular maintenance of the church building and fabric was carried out in accordance with the yearly plan, and additional remedial work undertaken as required. The five-year specialist report from Whitworth specialist surveyors in October 2022 categorized all work required to be undertaken under five headings, from urgent to desirable. The necessary spending required has been incorporated into the annual budget and financial projections. However, due to severe financial restrictions, 2024 saw only emergency remedial work undertaken.

Health and Safety and Food Hygiene

The SCL continues to use the ThirtyOneEight organisation, for training of trustees, staff, and volunteers. ThirtyOneEight also provides DBS services for the SCL. Katrin Frey (until her departure) continued to act as trustee for Safeguarding and ensures the compliance of both staff, volunteers and Trustees.

Trustee Cecile Mistry oversees the food hygiene measures. Several members of staff and volunteers completed the Food Safety Certificate.

Maintenance of the Manse (also known as the Vicarage)

During the summer of 2024 there was painting other remedial refurbishments were carried out to prepare for the new minister and his family moving in.

Relationship with Switzerland

Partner churches in Switzerland:

A number of churches in Switzerland confirmed their ongoing financial support to further the work of the Swiss Church.

We are very grateful to our sister churches for all the support that we have received.

Evangelische Kirchengemeinde of Zürich

We are very grateful to Thomas Schaufelberger, Director of Theological Education & Church for his direct and indirect support.

He paid the church a visit with over 20 student ministers in March 2024, where a dialogue and exchange of thoughts and concepts took place. We enjoyed an evening meal together in Chinatown following our group discussion.

In June Thomas met with Daniel Everett in Zurich and introduced him to the EKS organisation, a vital step in the SCL building its case for re-association with the EKS, to strengthen both identity as a unique self funding Swiss church outside of Switzerland, as well as to foster broader partnerships and visibility across Switzerland.

With the help of Katrin Frey and Rev Zimmermann Grey, the SCL submitted its application to associate itself with the EKS and Daniel Everett attended the November Synod in Bern to both lobby and outline to the members how important this step would be for the SCL.

The Synod voted 58-0 unanimously in favour of progressing with the SCL’s application for re-association.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

We also thank The VEGSIL (Vereinigung ehemaliger Glieder der Schweizerkirche in London) for their continued support and donations.

The SCL was invited to participate at their annual get together in Switzerland and very kindly sponsored the travel costs, thus enabling Therese our venue manager to participate.

Unione Ticinese- we thank the Unione Ticinese for their continuing financial support and encouragement.

Swiss Benevolent Society – we thank the Swiss Benevolent Society for their continued support and engagement.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

People

Overview of Governance Structure

The Swiss Church in London operates as a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. The Consistoire, the voluntary Board of Trustees, oversees all activities and is accountable for the use of resources. The Consistoire usually meets monthly, with the frequency adjusted as circumstances require. Each trustee is assigned specific duties and responsibilities to ensure effective oversight and swift decision-making.

Key Governance Developments in 2024 Transition in Leadership:

The year began with ongoing transitions following the departure of key personnel at the end of 2023 and into early 2024. Notably, the church bid farewell to several long-standing trustees and observers, Katrin Frey, who had served as Acting Chair for 18 months, stepped into the role of Vice President and played a crucial role in steering the church through a period of change. Daniel Everett was elected President of the Consistoire in late 2023, a position that had been vacant for several years

Recruitment of Trustees:

Recruiting new trustees remained a key focus throughout 2024. The Consistoire actively sought individuals committed to supporting the mission of the Swiss Church in London, particularly in the areas of safeguarding and fundraising. Public appeals for trustee candidates were made, encouraging members and friends of the church to recommend suitable individuals. The search for volunteers and trustees was described as ongoing, reflecting the church’s ongoing need for dedicated leadership

SCL Departures:

Carla Maurer: Although not a trustee but the Minister, her announced departure in late 2023 and actual resignation in early 2024 had a significant impact on governance and continuity. The Trustees implemented a plan to seek an interim or permanent minister to ensure the continuity of religious services.

Katrin Frey: It was announced that Katrin Frey would be returning to Switzerland in the summer of 2024 to complete her vicar training, necessitating further recruitment for her roles in safeguarding and as Vice President.

Lindsey Wiercioch: Lindsey who oversaw the Arts Team as Trustee resigned due to her personal workload. Niccolo Aliano: Niccolo resigned due to the pressure of his professional workload.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

No New Trustees Appointed: As of the AGM in September 2024, no new trustees had been formally appointed. The focus remained on re-electing existing trustees and continuing the search for new candidates.

Ongoing Recruitment: The church continued to actively recruit for trustee and volunteer positions, particularly in safeguarding and fundraising.

Governance Challenges and Priorities Continuity and Stability:

The departure of several long-standing trustees and key staff members presented challenges for continuity and stability. The church responded by strengthening governance structures and assigning clear responsibilities to remaining trustees.

Recruitment and Retention:

The need for ongoing recruitment of trustees and volunteers remained a priority, with particular emphasis on roles in safeguarding and fundraising.

Financial and Operational Oversight:

The re-appointment of Inside Accounting as the reporting accountant at the AGM underscored the church’s commitment to robust financial oversight.

Appreciation and Thanks

We are most grateful to our team, Carla Maurer, Manuel Zimmermann Grey, Janice O’Brien, Therese Theurillat and Ryan Moshwe (our office team) and our Director of Music and Organist Peter Yardley-Jones, for their work for our Church and the Choir Director Yang Ooi. Their dedication is most appreciated.

We thank Rupert Ackroyd our caretaker, for all he does to maintain our historic church building. His specialist practical skills and technical knowledge are invaluable.

We are grateful to all the churches in Switzerland who have so generously supported us.

We much appreciate the support from individual donors and contributors, in the UK, Switzerland and throughout the world, and thank them for their continued invaluable support.

We are indebted to all the volunteers who are the heart and soul of the Swiss Church community, especially our many volunteers (and particularly Robert Kaufeler, Francois Colavecchio, Margrit Sessions, Doris Leitner) who make Breakfast on the Steps happen, hair stylist Jake Fox and Bence, the Art Committee, the Sunday Monday Service team, especially Cecile Mistry and the kitchen team, as well as Fernande Kunz for providing the floral arrangements.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED)

For the year ended 31 December 2024

FINANCIAL REVIEW

Income

The income from church related activities for the year was £310,309 compared to £ 216,603 in 2023. Of these, 82% (51% in 2023) was generated through donations. As in previous years, donations are backbone of the church’s income.

Expenses

Total expenditure in conjunction with church related activities were £ 348,807 excluding £ 52,096 worth of depreciation and governance costs, compared to £ 277,808 in 2023.

Summary

The overall net loss, after accounting for depreciation, is circa (£38,498) compared to loss of (£61,204) in 2023. The ending balance of the building fund is nil in both years.

Unrestricted reserve

It is the policy of the Swiss Church to maintain an Unrestricted Reserve. This is intended to enable the Swiss Church to cope with the unforeseen, which might otherwise affect the organisation's ability to continue our activities. In practice, the Trustees consider that holding unrestricted reserves equivalent to six to twelve months’ core costs, excluding those funds represented by fixed assets, and should provide sufficient resources to respond to unexpected adverse changes in the Charity's funding or activities. This is equivalent to between £100,000 and £200,000 based on current costs.

This policy will be reviewed annually, when setting budgets, to check if it is still relevant, or if changing circumstances require a modification.

Investment Policy

Investments may only be made after prior approval from the Consistoire and must be made only in the name of the Swiss Church in London.

Financial Challenges and Trends in 2024

Significant investment in maintenance and building improvements is required, with a need to plan and prioritise future projects to avoid straining resources.

Fundraising Activities and Strategies in 2024

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

o Increased donations from Switzerland and the UK, particularly through targeted appeals and regular giving from the congregation. o Church service collections remained similar

o Lower than 2023 and a vital requirement to secure financial stability

• Community and Arts Fundraising: o The church expanded its programme of arts and cultural events, which not only serve the community but also provide opportunities for fundraising and increasing visibility. Unfortunately a number of these events were not pre-funded.

o Fundraising for Breakfast on the Steps is ongoing, including participation in the Big Give Christmas Challenge (a match-funding campaign in December).

• Grant Applications and Partnerships: o The church is actively seeking to strengthen ties with Swiss churches and donors, and actively exploring new grant opportunities. • Fundraising Leadership: o The Consistoire is prioritising the recruitment of trustees and volunteers with fundraising expertise to drive future income growth.

o Janice O’Brien, the new Finance Officer, has been instrumental in financial management and reporting since her appointment.

PLANS FOR THE FUTURE

The Trustees are committed to further implement the Business Concept Plan and, as a result, to strengthen the positive relationship with the Swiss community in London as a whole, while expanding the mission activities into the wider local community. The Trustees are also determined to both broaden and deepen the relationship with various Swiss Parishes and Cantonal Churches.

In view of the financial independence of the Church, the Trustees are committed to broaden the sources of revenues by reviewing the letting strategy and intensifying fundraising activities.

We are currently working towards a more effective governance structures with each member of the Consistoire having specific duties and responsibilities assigned. This should allow for both informed and swift decision-making.

Recruiting more Trustees committed to supporting the Mission of The Swiss Church in London remains a key focus of the Consistoire.

Fundraising Innovations and Future Plans Personalised Donor Engagement:

The church is encouraged to use data-driven approaches to segment donors and tailor appeals, potentially leveraging AI tools for more effective engagement.

• Digital Fundraising: Exploring online giving platforms, social media campaigns, and virtual events to reach a wider audience.

Encouraging regular giving among members and friends and fostering a sense of community through events and outreach.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

• Reserves Policy Review: The church will continue to review its reserves policy annually to ensure it remains relevant to changing circumstances.

Forward-Looking Statements

Financial Situation

Looking ahead, the Swiss Church in London will continue to face financial pressures, particularly as demand for its outreach services grows and the costs of maintaining its historic building increase. The Consistoire is committed to prudent financial management, regular review of reserves, and proactive fundraising to ensure the church’s long-term viability.

Community Development Vision – Call to Action

The church invites its congregation to be active participants in shaping its future. Members are encouraged to share ideas for community development, outreach, and fundraising with the Minister and Trustees. Together, we can ensure that the Swiss Church in London remains a vibrant, inclusive, and impactful presence in the heart of the city.

General Call to Action

We call on all members and friends of the Swiss Church in London to join us in supporting our mission— whether through volunteering, donating, or sharing your ideas and expertise. Your involvement is vital to our continued success and to making a positive difference in our community circumstances.

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

LEGAL AND ADMINISTRATIVE INFORMATION Directors and trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

TRUSTEES Mr Niccolo Aliano (since Jan 2023 to September 2024) Mr Daniel Everett President (since November 2023) Ms Katrin Frey Safeguarding (since Jan 2021) and Vice President (Nov 2023 to June 2024) Mr Philip Maillardet Archives (since May 2009) Mrs Cecile Mistry Catering and Congregation (since November 2008) Ms Lindsey Wiercioch Arts (since October 2023 to July 2024) Mr Cornelius Stassen Treasurer (since November 2024)

MINISTER Rev. Carla Maurer (since June 2013 to July 2024) Rev. Manuel Zimmerman Grey (since September 2024) COMMUNITY OUTREACH Andreas Feller Breakfast on the Steps (since January 2021 to March 2024) Amanda Caminsh Breakfast on the Steps (since April 2024) VENUE MANAGER Therese Theurillat (since March 2023 ) OFFICE AND FINANCE ADMINISTRATOR Janice O’Brien (since September 2023) Office Administration Ryan Moshwe (since March 2021)

TREASURER

Mr Cornelius Stassen Treasurer (since November 2024) OBSERVER from The SWISS EMBASSY Thomas Wagner (since July 2022; ex officio member of the Consistoire)

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

CHARITY NUMBER 1094992

COMPANY NUMBER: 04454591

REGISTERED OFFICE 79 Endell Street London

WC2H 9DY

LEGAL AND ADMINISTRATIVE INFORMATION (CONTINUED)

COMPANY SECRETARY (Acting) Mr Daniel Everett

Auditor Cornelius Stassen Inside Accounting Limited 1 Princes Close London Sw4 0LG

BANKERS

HSBC Bank PLC 117 Great Portland Street London W1W 6QJ

UBS 100 Liverpool Street London EC2M 2RH

PostFinanceSwiss Post Verarbeitungszentrum CH-3040 Bern

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution and organisational structure

The Swiss Church in London is a Charitable Company limited by guarantee and is governed by its Memorandum and Articles of Association adopted on the 5[th] June 2002. The Swiss Church in London was founded in 1762. The company commenced operations on 1 January 2003 when it took over all activities of the Unincorporated Association with the same name. The Consistoire (Voluntary Board of Trustees) oversee the activities and are accountable for the way the resources are used. The Trustees meet every two months, or more or less often if they so decide. The members who served on the Board throughout the year under review are named under Legal and Administrative Information.

The Consistoire is the Governing Body of the Swiss Church in London and administers and manages the Swiss Church in London, its property and its internal and external affairs in accordance with the Memorandum and Articles of Association. The Consistoire makes all major decisions; certain powers of delegation are granted to the Minister, as well as to special task groups and individual members of the Consistoire.

Recruitment and appointment of new trustees

The appointment and removal of Trustees is decided by a majority of votes. At every Annual General Meeting, one-third of the Trustees shall retire from office. The retiring Trustees shall be eligible for reelection.

Induction and training of new trustees

Induction of Trustees takes place through one to one sessions with the Chair. If needed, additional training is arranged.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

TRUSTEES’ REPORT (CONTINUED) For the year ended 31 December 2024

assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each of the Trustees is aware at the time the report is approved:

INDEPENDENT EXAMINERS

Inside accounting were appointed in November 2023. A resolution will be proposed at the annual general meeting for the re-appointment of Cornelius Stassen, Inside Accounting.

APPROVAL

This report was approved by the Board of Trustees on 12[th] of June 2025 and signed on its behalf by:

Daniel Everett, President

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THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE SWISS CHURCH IN LONDON

I report on the financial statements of The Swiss Church in London (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON) for the year ended 31 December 2024 which comprise of the Statement of Financial Activities, the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required to:

I read the Trustees’ Report and consider the implications for my report if I become aware of any apparent misstatements within it.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Cornelius Stassen Inside Accounting Limited

Date: 12[th] July 2025

Page 22 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) For the year ended 31 December 2024

Note
Income:
Donations and Legacies
2
Other trading activities
3
Income from
Charitable activities:
4
Advancing the Christian faith
TOTAL INCOME
Expenditure:
Raising funds
5
Charitable activities:
Advancing the Christian faith
6
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
Transfers between funds
NET INCOME AFTER TRANSFERS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
13		 Unrestricted
Funds
£
230,292
55,399
-
285,691
-
193,001
193,001
92,689
-
66,604
26,085
1,538,530
1,564,615		 Restricted
Funds
£
24,618
-
-
24,618
-
155,806
155,806
(131,188)
66,604
- 64,584
- 11,860
- 76,444		 2024
Total
£
254,909
55,399
-
310,309
-
348,807
348,807
(38,498)
-
-
38,498
1,526,670
1,488,171		 2023
Total
£
110,334
106,269
-
216,603
-
277,808
277,808
(61,204)
-
-
41,778
1,587,874
1,526,670

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

The Notes form part of the financial statements.

Page 23 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

BALANCE SHEET As at 31 December 2024

Note
FIXED ASSETS
9
2011& 2021 Fixtures & equipment
2009 Church organ
2009 Building improvement
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS: Amounts falling due within
one year
11
NET CURRENT ASSETS
NET ASSETS
FUNDS
12
Restricted funds
Unrestricted - General funds
- Designated funds		 2024
2023
£
£
£
£
-
-
85,609
88,055
1,003,290
1,031,953
1,088,898
1,120,007
187,403
9,515
274,262
439,91
461,665
449,427
(62,392)
(42,764)
399,273
406,662
1,488,171
1,526,670
(67,441)
(11,860)
466,713
418,522
1,088,898
1,120,008
1,526,670
1,526,670		 2024
2023
£
£
£
£
-
-
85,609
88,055
1,003,290
1,031,953
1,088,898
1,120,007
187,403
9,515
274,262
439,91
461,665
449,427
(62,392)
(42,764)
399,273
406,662
1,488,171
1,526,670
(67,441)
(11,860)
466,713
418,522
1,088,898
1,120,008
1,526,670
1,526,670		 2024
2023
£
£
£
£
-
-
85,609
88,055
1,003,290
1,031,953
1,088,898
1,120,007
187,403
9,515
274,262
439,91
461,665
449,427
(62,392)
(42,764)
399,273
406,662
1,488,171
1,526,670
(67,441)
(11,860)
466,713
418,522
1,088,898
1,120,008
1,526,670
1,526,670
1,120,007
406,662
1,488,171
(67,441)
466,713
1,088,898
1,526,670		 1,526,670
(11,860)
418,522
1,120,008
1,526,670

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

Page 24 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

BALANCE SHEET (CONTINUED) As at 31 December 2024

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102, Section 1A (effective January 2015).

The financial statements were approved by the Board of Trustees on 12[th] of June 2025 and were signed on its behalf by:

........................................... Philip Rauber Vice Chair

.............................................. Daniel Everett President

Page 25 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024

The notes form part of the financial statements.

1. ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015), Charities SORP FRS 102 and the Companies Act 2006. The particular accounting policies adopted are described below.

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Support costs which cannot be directly attributed to particular projects are apportioned in proportion to the direct staff cost allocated to the project. Governance costs, which form part of Support costs include expenditure on the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Charitable expenditure consists of all expenditure relating to the objects of the Charity. All costs are directly attributable to the activities under which they have been analysed.

Page 26 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

1. ACCOUNTING POLICIES (CONTINUED)

1.5 Tangible fixed asset and depreciation

All assets costing more than £200 are capitalised.

Depreciation is provided using the following rates and bases to reduce by annual instalments, the cost less estimated residual value, of tangible assets over the estimated useful lives:

 Fixtures & fittings - 33% straight line  Office equipment - 33% straight line  Building improvement - over 50 years

The Building improvement is now being depreciated as the building being put into use.

1.6 Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the net income/ (expenditure) result.

1.7 VAT

The charity is not registered for VAT and its expenses are therefore inflated by VAT which cannot be recovered.

1.8 Cash flow

The financial statements do not include a cash flow statement because the charitable company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard 102 Section 1A (effective January 2015).

Page 27 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

2. DONATIONS AND LEGACIES

UK members and friends
Collections church service
Switzerland donations
New Individual gift aids		 Unrestricted
Funds £
Restricted
Funds £
2024
Total
189,390
189,390
3,283
3,283
40,901
2,480
43,381
18,855
18,855

233,575
21,335
254,909		 2023
Total
28,910
2,103
55,064
24,257
110,334

3. OTHER TRADING ACTIVITIES

Church lettings
Other Income
Tax recovery		 Unrestricted
Funds
£
47,170
748
7,071
54,989		 Restricted
Funds
£
-
-
-		 Total
2024
£
47,170
748
7,071
54,989		 Total
2023
£
92,740
12,491
1,038
106,269

Page 28 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

4.
INCOME FROM
CHARITABLE ACTIVITIES
-
Advancing the Christian faith
Services and parish events
Swiss church news
Youth work
Cultural events
5.
COST OF RAISING FUNDS
Other fundraising and
publicity costs		 Unrestricted
Funds
£
-
-
-
-
-
Unrestricted
Funds
£
-
-		 Restricted
Funds
£
-
-
-
-
-
Restricted
Funds
£
-
-		 Total
2024
£
-
-
-
-
-
Total
2024
£
-
-		 Total
2023
£
-
-
-
-
-
Total
2023
£
-
-

Page 29 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

6.
CHARITABLE ACTIVITIES COSTS
Services and parish events
Swiss church news
Cultural events
Staff costs
Pension
Maintenance
Church cleaning
Council tax
Insurance
Heat, water and light
Printing, post and stationery
Telephone
Staff Attendance
Other expenses
Legal and professional fees
Support to Local Community
New Swiss community
Support Vulnerable Homeless
Support costs (see note 6b)		 Unrestricted
Restricted
Funds
Funds
£
£
-
4,723
-
2,521
-
39,033
110,638
-
5,909
-
-
44,534
-
10,914
-
3,493
-
7,557
-
9,347
1,807
3,206
-
3,266
16,080
-
32,850
-
-
-
835
52,096
-
193,001
155,806		 Total
Total
2024
2023
£
£
4,723
4,958
2,521
2,901
39,033
18,774
110,638
102,287
5,909
5,095
42,006
50,057
10,914
13,228
3,493
3,851
10,085
6,479
9,347
4,081
1,807
1,369
3,206
2,986
-
1,411
3,266
8,099
16,080
3,502
32,850
21,829
-
-
835
1,700
52,096
25,098
348,807
369,675

6b. SUPPORT COSTS IN FURTHERANCE OF CHARITABLE ACTIVITY

Bank charges & currency exchange
loss
Depreciation – Building & Organ
Depreciation – Others
Governance costs		 20,987
31,109
-
52,096		 -
-
-
-
-		 20,987
31,109
-
52,096		 (6,396)
31,494
2,400
34,906

Page 30 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

7. NET INCOME/(EXPENDITURE) FOR THE YEAR

This is stated after charging:

his is stated after charging:
Total Total
2024 2023
3 £ £
Depreciation of tangible fixed assets 31,109 31,109
Independent examination fees -

During the year, no Trustees received any benefits in kind (2021 - Nil). During the year, no Trustees received any reimbursement of expenses (2021 - Nil).

8. STAFF COSTS AND NUMBERS

Staff costs were as follows:

Total
2024
£
Wages and salaries
81,568
Social security costs
2,051
Pension costs
4,222
87,840
The average number of full-time equivalent employees during the year was as follows:
2024
Charitable activities
3.0		 Total
2023
£
98,247
4,040
5,095
107,383
2023
3.0

The average number of full-time equivalent employees during the year was as follows:

No employee received remuneration amounting to more than £60,000 in either year.

Page 31 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

9. TANGIBLE FIXED ASSETS

Cost
At 1 January 2023
Additions
At 31 December 2024
Depreciation
At 1 January 2023
Charged in the year
At 31 December 2024
Net Book Value
31 December 2024
31 December 2023		 Building
improvement
£
1,433,160
-
1,433,160
401,209
28,664
502,479
1,003,288
1,031,951		 Charity
organ
£
122,299
-
122,299
34,244
2,446
36,690
85,609
88,055		 Furniture,
fixtures &
equipment
£
67,026
-
67,026
67,026
67,026
0
0		 Total
£
1,622,485
-
1,622,485
502,479
31,494
533,588
1,088,897
1,120,006

The original cost and improvements to Vicarage were not capitalised because the Vicarage is considered to be historic, inalienable and the costs are not available. The users of the accounts are principally the members of the Church. The trustees consider the carrying out of professional valuation to this asset at a value in the accounts is considerable compared to the limited additional benefit derived by the users of the accounts.

10. DEBTORS

Debtors and prepayments
Accrued income		 Total
2024
£
3,614
183,789
187,403		 Total
2023
£
9,515
-
9,515

Page 32 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

11. CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR

1. CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR
Deferred Income
Other Creditors
Trade Creditors
Accruals		 2024
£
48,988
3,403
3,114
6,887
62,392		 2023
£
23,919
5,131
4,751
8,963
42,764

12. MOVEMENT IN FUNDS (CURRENT YEAR)

RESTRICTED FUNDS

Building fund
Cultural fund
Youth work
Support fund
Mobility fund
Business concept plan
New Pastoral		 Brought
Forward
£
(9,354)
11,833
(1,617)
1,045
541
(14,309)
(11,860)		 Incoming
resources
£
9,241
-
21,097
-
-
-
3,283
33,621		 Resources
expended
£
75,845
39,033
32,850
835
-
-
7,243
155,806		 Transfers
between
Funds
£
66,604
-
-
-
-
-
-
65,899		 Carried
Forward
£
-
(9,354)
11,833
(1,617)
1,045
541
(14,309)
(67,4410)

Page 33 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

12. MOVEMENT IN FUNDS (CONTINUED)

UNRESTRICTED FUNDS

General funds
Designated funds:
Building fund-building
& organ		 Brought
Forward
£
418,522
1,120,393
1,538,530		 Incoming
resources
£
276,688
-
276,688		 Resources
Expended
£
(161,893)
(31,109)
(193,002)		 Transfers
between
funds
£
(66,604)
-
(66,604)		 Carried
Forward
£
466,713
1,088,898
1,555,612

SUMMARY OF FUNDS

Restricted funds
Unrestricted funds		 Brought
Forward
£
(11,860)
1,538,632
1,587,873		 Incoming
Resources
£
193,002
276,688
216,603		 Resources
Expended
£
(155,806)
(193,002)
(277,706)		 Transfers
between
Funds
£
66,604
(66,604)
-		 Carried
Forward
£
(67,441)
1,555,612
1,488,171

Much against our historic policy of not valuing the church building, accounting rules – FRS 15: Tangible Fixed Assets requires us to capitalize the majority of the renovation project expenses which represent improvements to the building or are tangible assets like a new dishwasher. Going forward, this means that the renovation expenses, and especially the long-term improvement expenses, will only gradually be depreciated in our books. The long-term improvements designated fund will be depreciated over 50 years. This long-term improvement fund does not represent money available for future improvements, but represents capitalized expenditures that will be annually depreciated over 50 years to reduce these capitalized assets.

Page 34 of 35

THE SWISS CHURCH IN LONDON (L’EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024

13. OPERATING LEASE COMMITMENTS

There were no lease commitments at the end of the year 2024 nor for 2023.

14. SHARE CAPITAL

The Swiss Church in London is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

15. TAXATION

The charity is not liable to tax on its charitable grants, donations or fee income earned in the course of its charitable activities, so long as the income is applied for the purposes of its charitable aims.

Page 35 of 35