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2025-12-31-accounts

CELUI Q THE SWISS CHURCH IN LONDON 2025 Annual Report

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 2025

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

CONTENTS

TRUSTEES’ REPORT ............................................................................................................. 4 About the Swiss Church in London ...................................................................................... 4 The Year in Review .............................................................................................................. 5 Financial Performance ....................................................................................................... 10 Governance ........................................................................................................................ 12 Outlook ............................................................................................................................... 13 Appreciation and Thanks ................................................................................................... 13 LEGAL AND ADMINISTRATIVE INFORMATION ................................................................. 15 INDEPENDENT EXAMINER’S REPORT .............................................................................. 18 STATEMENT OF FINANCIAL ACTIVITIES ........................................................................... 19 STATEMENT OF FINANCIAL POSITION ............................................................................. 20 NOTES TO THE FINANCIAL STATEMENTS ....................................................................... 22

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2025 Annual Report

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

TRUSTEES’ REPORT

For the year ended 31 December 2025

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 2025 to 31 December 2025.

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.

About the Swiss Church in London

Objectives

The Swiss Church in London (“the Church”) is a Spiritual Home to the Swiss in the UK. As a church it is part of the one, holy, universal, and apostolic Church of Christ. Its foundation is the word of God as witnessed in both the Old and the New Testament. The Swiss Church in London is an associated member of the Protestant Church in Switzerland EKS-EERS (Evangelisch-reformierte Kirche Schweiz EKS / L’Église évangélique réformée de Suisse EERS) and 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 Jean Calvin and Huldrych Zwingli.

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 spiritual, cultural and social life of the Swiss community in London as well as the local community in the Covent Garden/Holborn area.

Activities

Present activities include:

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2025 Annual Report

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

Public Benefit

In setting our objectives and planning our activities, the Consistoire (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.

The Year in Review

Objectives for 2025

Objectives for 2025, in addition to our general objectives, included:

Congregational life

Services

Sunday Services were held twice monthly, except for the summer break in August. The size of the regular Sunday congregation averaged around 10-15, with higher numbers on special occasions. The Späth organ, played by our director of music Peter Yardley Jones, continues to be the central musical element. The longstanding partnership with High Holborn Chamber Choir (monthly) was continued. Southwark Chamber Choir sang pieces from a traditional mass repertoire once per term. Our Minister Manuel occasionally accompanied the congregational singing with the Steinway piano and voice.

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2025 Annual Report

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

Special services

Congregation gatherings, Swiss family events and Groups

The congregation repeatedly gathered for afternoon tea at the Vicarage; the Mother’s Group continued to meet at the church monthly, with regular inputs and faith-based workshops by our Minister. The traditional Mother’s Group barbeque at the Vicarage took place on 9 July. Likewise, la Causerie continued to meet at the church monthly.

In June, members of the congregation, together with the Mother’s Group, spent a day in Canterbury, including a tour of the Cathedral and topical inputs by Manuel and Carmody

In September, a Swiss reformed confirmation class from Laufenburg (SH) was hosted at the Church for a pastoral workshop in September

In October, a public book fair was organised by Manuel and volunteers which was attended by members of the congregation, the Swiss community and passers-by.

In December the Swiss Family Christmas took place, attracting many Swiss Families and members of the congregation.

Pastoral care and home visits

Pastoral care was offered to people who reached out via our website, members of the Sunday congregation and the wider Swiss community, as well as guests of the homeless breakfast. Home visits were made by members of the congregation and our Minister.

Local outreach

The local outreach of the Swiss Church is aimed at people who are affected by homelessness and poverty in the Covent Garden / Holborn area.

Breakfast on the Steps

Breakfast on the Steps (BoS), the Church’s longstanding community breakfast project, was held every Tuesday except for the last week of December and the first week of January. It was attended weekly by an average of 70 members of the community and provided a plentiful and healthy breakfast, as well as a hot breakfast and haircuts monthly. BoS welcomes all members of the community, whether homeless or struggling with the cost of living, without discrimination. Catherine Thomé took over from Amanda Camenisch as Project Lead in March 2025 and runs BoS with a small team of dedicated volunteers.

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2025 Annual Report

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

Art Workshops

Throughout 2025, weekly Art Workshops continued to be led by Lizzy Drury and Amanda Camenisch in the main hall of the church. Every Tuesday morning, after the Breakfast on the Steps, 10-15 guests stay in the church and are provided with space, art supplies and coaching to create art in various media – painting, sculpting, photography, poetry and more. During 2025, Amanda and Lizzy formed a Community Interest Company, Antropia. The Workshops are a partnership between the Church and Antropia. Antropia is dedicated to the advancement of art, culture, and wellbeing through site-responsive, participatory practice.

Cultural events

Concerts and performances

The choirs which contribute to our Sunday services (High Holborn & Southwark Chamber Choir) each held two concerts at the Swiss Church in 2025, attended by members of the congregation and the wider public. An organ recital by accomplished American concert organist Tyler A. Canonico was organised by our director of music on 26 July. Ruth Gordon generously held a fundraising Ballet Gala at the Swiss Church in September 2025. Numerous concerts took place at the Church as part the venue hire activity.

Exhibitions

Relationship with Swiss institutions in Switzerland & UK

After years without any institutional connection with our sister churches in Switzerland, the Church is now an associated member of EKS-EERS. In November 2025, the Synod of EKSEERS voted unanimously in favour of the association with our Church. This step strengthens our institutional and ecclesial identity and prepares the ground for a more fruitful partnership with EKS-EERS and its member churches on both cantonal and local levels.

The AGM of VEGSIL (Vereinigung ehemaliger Glieder der Schweizerkirche in London) took place in Bern, Nydeggkirche, on 2nd November 2025. Manuel gave a presentation about the Church to members of Nydegg parish and VEGSIL.

Thomas Schaufelberger, director of ecclesial education of Zurich, Aargau and Basel visited the Church with his group of 19 trainee ministers in March for a discussion about church identity and development.

The Church was present with a stall, and Manuel gave a speech, at Swiss National Day in London which took place in Clerkenwell. All 300 tickets were sold out. In addition, friendly relationships were maintained with the Swiss Benevolent Society, the New Helvetic Society, and the Unione Ticinese.

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2025 Annual Report

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

Communication

The main channel of communication for the congregation is the WhatsApp Group of the Swiss Church with around 90 members at the end of 2025. Electronic Newsletters to about 1,300 recipients were sent ahead of notable events and throughout the year to update the Church’s wider contacts. In addition, the Swiss Church has been active on social media (Facebook, Instagram and LinkedIn) and announced events on various Swiss community Facebook pages to reach out to the wider Swiss community in London.

The regional pages of the ‘Swiss Review’ magazine were used to draw attention to future events or report on past events. The Swiss Church appeared in an article in the ‘Schweizer Illustrierte’ with a home-story featuring the vicarage and the Swiss Church in summer 2025, raising its public profile.

The most recent issue of the Swiss Church News was published in October 2024. In January 2025 its production was put on hold to save costs in the short term. A re-launch with increased voluntary participation, reduced printing costs and opportunities for corporate sponsors is envisaged.

Fundraising

Fundraising from members, friends and private individuals in Switzerland and the UK

We continued to gratefully receive regular and one-off donations by parishioners, members and friends in Switzerland and the UK. Due to the size of the congregation and a relatively small donor-base, this aspect of the fundraising needs to be further developed; through improved database tools and communication we are aiming for stronger incentives to support the Church. The end of 2025 saw the purchase of a contactless donation machine to be used in services and events.

Fundraising from Churches in Switzerland

The most substantial contribution to the funds of the Church came through the canton-wide parish collections in reformed churches in Bern and Aargau. Through the association with EKS-EERS (see below) we aim to leverage stronger support from further Swiss reformed cantonal churches.

Fundraising and Arts Programme

From September 2024 to July 2025 the Swiss Church hired fundraiser and consultant Caroline Jackman, on a freelance basis, to advise the Consistoire on strategy, team structure and marketing. Her role included the writing of grant applications for projects. The exhibition by Aaron McPeake in June was fully funded by the Henry Moore Foundation.

One of the steps taken in this phase, forced upon the Church through the unprecedented deficit in 2024 (had it not been for the accrual of a legacy, see ‘Financial Performance’) was to terminate the Art Programme which had been managed and successfully grown by Lizzy Drury and Diane Chappelley in their capacity as Arts Programme Managers. Lizzy Drury continued to work for the Church thereafter as a freelancer for the BoS Art Club. Cultural and artist events will continue to take place at the Swiss Church, building on their legacy.

Fundraising and Breakfast on the Steps (BoS)

The main fundraising campaign to fund BoS throughout 2025 was the Big Give Christmas Challenge Matched Funding Campaign in which we participate annually. Additional funds for BoS and the Arts Workshops were granted by St Giles & St George Trust as well as regular restricted donations towards BoS throughout the year.

In total, the Church raised £113,961 via fundraising which amounts to 54% of total income.

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2025 Annual Report

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

Venue lettings

Venue lettings are a cornerstone of the Church’s sources of funding. The main hire income in 2025 was made through corporate hires such as wine tastings, film production, jewellery fair, Embassy of Romania, Fashion Shows and concerts. In addition, we had some charity hires and regular hires such as Swing Dance, Mosaic Church, Choir rehearsals and Bible Talk. In total, the Church raised £89,153 via venue lettings which amounts to 43% of total income.

Historic archives records management

Last year’s Annual Report noted the importance and urgency of a record management policy and associated risks for the archive. This has not been resolved in 2025 as prioritizing the financial sustainability of the Church absorbed the time and resources of the Consistoire. Thus, the following items remain unresolved and the Consistoire attempts – considering its limited resources and staffing – to make every effort to find an appropriate solution:

The Church building, health & safety, and food Hygiene

Condition & maintenance of the Church building

The church building is in a fair condition. The most pressing improvements needed are to the heating, ventilation & air conditioning (HVAC) and to the Hall acoustic. Much of the HVAC installation is likely to become redundant in the next few years so a part or wholesale renewal of these systems will soon be necessary to maintain a comfortable interior environment. Improving the Hall acoustic situation by decreasing the sound reverberation time via the installation of acoustic treatments is a long-held wish of the church. A better acoustic would greatly improve the usability of the hall for all users - church, community, outreach and commercial hires.

Regular maintenance of the church building and fabric was carried out in accordance with the yearly plan in part directed by the 2022 Quinquennial Inspection. Additional remedial work was undertaken as required:

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2025 Annual Report

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

cleans the steps twice a day. The church also installed a new mag lock to the front door, providing reliable and higher level of security.

Condition & maintenance of the Vicarage

The condition of the vicarage is fair; 2025 saw minimal maintenance activities at the Vicarage. Immediate works to be addressed include the repair of a number of broken and misaligned windows and the installation of a radiator in the entrance hallway. In the short to medium term the church should look to replace other windows at the Vicarage as many are showing signs of failing opening mechanisms.

Food Hygiene

Regular deep cleaning of the kitchen was also carried out throughout 2025. The kitchen may only be used by clients who hold a Hygiene Level 2 Certificate.

Financial Performance

Income

The income from church related activities for the year decreased to £209,562, compared to £310,309 in 2024, driven by the one-off effect of a legacy in 2024. The legacy is estimated to be c. CHF250,000-290,000 and was largely accrued for in the financial year 2024 to the amount of £180,000. Therefore, our income has reverted to levels around the £210,000 mark which we have seen since 2021. 54% of the income was generated through donations (the balance between restricted and unrestricted donations was split 47%:53%), compared to 82% in 2024. As in previous years, donations are crucial to the Church’s income but the income share from letting our venue has increased significantly for a more balanced income mix.

In terms of the outstanding legacy, it is important to note that legal process that precedes the actual distribution of any funds is still ongoing (partially because it touches on Swiss-British cross-border legal issues). Given that £180,000 have already been accrued for in 2024 (which,

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2025 Annual Report

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

by a conservative estimate, would be approx. 75% of the entire legacy for the Church), no further accrual has been made in 2025, largely out of an abundance of caution given the ongoing legal complexities and uncertainties linked to the resolution and eventual distribution of the funds.

Expenses

Total expenditure in conjunction with Church related activities decreased to £276,562, compared to £348,807 in 2024, driven by lower expenditures for cultural & art events and professional fees. Additional expenses include £31,109 depreciation and -£10,011 related to bank charges & currency exchange loss.

Summary

The overall net loss, after accounting for depreciation, is £66,999 compared to a loss of £38,498 in 2024. 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 2025

Expenditure : Although both income and expenses were lower in 2025, costs are still outpacing income, although, as outlined in Notes 6 to the Financial Statements, costs have been reduced across almost every category and continue to being managed strictly.

Reserves and Sustainability : The policy to maintain a healthy reserve is in place, but the ongoing net losses have put pressure on these reserves and highlighted the need for a robust financial strategy.

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

Treasurer : A new treasurer, Hanspeter Lüthi, joined the Consistoire in November 2025. The priority was to establish a budget for 2026 and to work on initiatives to put the Church on a financially sustainable footing.

Fundraising Activities and Strategies in 2025

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2025 Annual Report

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

Governance

Consistoire

The Consistoire remained critically understaffed in 2025 and filling crucial positions has been very challenging. More details can be found under ‘Legal and Administrative Information’ and ‘Directors, Trustees, and Observer’. Finding and appointing qualified trustees will be a core priority in 2026, especially for the following positions: Vice-Chair, HR, Legal, Company Secretary, Technology and IT, Events, Communications, Partnerships in Switzerland, and Safeguarding.

Financial and Operational Oversight

Inside Accounting was re-appointed as the Independent Examiner at the AGM in 2025.

In this regard, it is important to note that Cornelius Stassen served as Independent Examiner of the Church before November 2024 and resumed that role after April 2025; between November 2024 and April 2025 he served as Treasurer. This meant that Cornelius Stassen oversaw the accounts for part of the financial years 2024 and 2025 while also providing the independent examination of those accounts.

Upon external advice received by the Minister and the Consistoire, the Consistoire decided to commission an independent review of the accounts to avoid a potential conflict of interest. Charles Street FCCA conducted this review pro bono in summer 2025; he found the accounts to be technically in order and well-kept but noted a lack of prudent financial management for the years 2022, 2023, and 2024.

In parallel, Janice O'Brien, Finance Officer, delivered training on budget planning for the team in autumn 2025. This resulted in a budget process being re-established and a proper budget having been approved by the Consistoire for the year 2026.

In other words, the 2025 accounts presented here are the last accounts from a period in which the role of Treasurer was not consistently filled (due to the difficulty of recruiting a volunteer with the necessary expertise) or was insufficiently covered, and in which a lack of financial and budgetary prudence was independently identified. In addition, the Consistoire managed to recruit a qualified Treasurer in the person of Hanspeter Lüthi, who has relevant professional knowledge and qualifications in finance, and who has covered this function since November 2025.

The Consistoire is thus confident that the measures taken in 2025 have addressed many of the existing shortcomings but also recognises that more work remains to be done to establish (a) thorough financial planning and (b) a sustainable financial performance, including: more training in budgetary and financial management of members of Staff and the

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2025 Annual Report

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

Consistoire; and regular and rigorous planning and reviewing of the financial performance by the Consistoire.

Outlook

Over the past four years, the Church has seen significant organisational changes and accumulated financial losses. Through it all, our minister, staff, and volunteers have continued to carry the Church's mission with great dedication: to foster congregational life, to serve our local community, and to make this Church a spiritual and cultural home. Against this background, the Consistoire will focus on three core goals in 2026:

Given the accumulated losses of recent years, the last point – financial stability and organisational continuity – requires further attention, in the following order:

  1. Finances : Proactive liquidity management will be crucial. We will regularly review costs and reduce those where necessary; and we will focus on increasing revenues from venue lettings and building partnerships in Switzerland.[1]

  2. Operations : We will review operational processes, priorities, and staffing to ensure resources and time are spent in a way that contributes to the organisational and financial stability of the Church. We are committed to filling the position of minister on a permanent basis.

  3. Governance : We are actively seeking to fill the open positions on the Consistoire: President/Vice-Chair, HR, Legal, Company Secretary, Technology and IT, Events, Communications, Partnerships in Switzerland, and Safeguarding.

In addition, we have two further ambitions for 2026: a long-term plan for the care and investment of our Church building and vicarage, and a fit-for-purpose IT infrastructure that supports our work.

Appreciation and Thanks

We are most grateful to our team (in alphabetical order): Catherine Thomé, Janice O’Brien, Manuel Zimmermann Grey, Peter Yardley-Jones, Rupert Ackroyd, and Therese Theurillat for their hard work for our Church. Their dedication and commitment are deeply appreciated.

In addition, we would like to thank:

1 Please also see the section governance above for more details regarding the financial governance of the Church.

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2025 Annual Report

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

thank hair stylists Jake & Bence for their faithful service throughout 2025 and Dave for his work at the door and beyond.

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2025 Annual Report

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

LEGAL AND ADMINISTRATIVE INFORMATION

Directors, Trustees, and Observer

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers during 2025 were as follows (in order of length of service; dates in brackets as per Companies House register):

Cecile Mistry Catering and Congregation (since Nov 2008) Philip Maillardet Archives (since May 2009) Daniel Everett President (since Nov 2023)[2] Cornelius Stassen Treasurer (appointed in Nov 2024, resigned in Apr 2025) Philip Rauber Vice-Chair (since February 2025) Fiona Bunn Arts (appointed in Feb 2025, resigned in Nov 2025) Paula Burton HR (appointed in Feb 2025, resigned in Jun 2025)[3] Fletcher Pasque Partnerships (registration pending)[4] Hanspeter Lüthi Treasurer (since Feb 2026)[5] Annahita Brooks Arts (registration pending)[6]

Observer from the Swiss Embassy

Thomas Wagner (since July 2022; ex officio observer of the Consistoire)

Minister & Staff

Minister

Rev. Manuel Zimmerman Grey (since Sep 2024) Staff

The following members of Staff worked for the Church in 2025 (in order of length of service):

Rupert Ackroyd Facilities Manager (since Apr 2019) Ryan Moshwe Admin Assistant (since Mar 2021) Therese Theurillat Venue Manager (since Mar 2023) Janice O’Brien Finance Officer (since Oct 2023) Amanda Camenisch Breakfast on the Steps (until Mar 2025) Catherine Thomé Breakfast on the Steps (since Mar 2025) Caroline Jackman Fundraising & Strategy Development (Sep 2024 – Jul 2025) Eni Mulaku Art intern (Aug 2024 – Feb 2025)

Structure, Governance, and Management

Constitution and organisational structure

Originally established in 1762, The Swiss Church in London is a Charitable Company limited by guarantee and is governed by its Memorandum and Articles of Association adopted on 5

2 Resigned per March 2026, but listed for the purpose of this year (2025) under review

3 No formal registration was completed with Companies House

4 Appointed by Consistoire in September 2025; formal registration pending with Companies House at time of writing; standing for election at AGM 2026

5 Appointed by Consistoire in November 2025; standing for election at AGM 2026

6 Appointed by Consistoire in December 2025; formal registration pending with Companies House at time of writing; standing for election at AGM 2026

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2025 Annual Report

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

June 2002. 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. Each trustee is typically (but not necessarily) assigned specific duties and responsibilities to ensure effective oversight and swift decision-making. The members who served on the Consistoire throughout the year under review are named above in this section.

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, specific members of Staff, special task groups, or individual members of the Consistoire.

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 re-election.

Induction of Trustees takes place through one-to-one sessions with the Chair and/or other members of the Consistoire and members of Staff. 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 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 point of time this report is approved:

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2025 Annual Report

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

Company Information

Company Information
Charity Name Charity No. Company No. Registered Office
THE SWISS CHURCH IN LONDON 1094992 04454591 79 Endell Street
(L'EGLISE SUISSE DE LONDRES) London
(SCHWEIZERKIRCHE IN LONDON) WC2H 9DY

Company Secretary

Vacant

Bankers

Bankers
United Kingdom Switzerland
HSBC Bank PLC PostFinance Swiss Post
117 Great Portland Street Verarbeitungszentrum
London CH-3040 Bern
W1W 6QJ

Independent Examiner

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

Inside Accounting Limited

Attn. Cornelius Stassen 1 Princes Close London SW4 0LG

Approval

This report was approved by the Consistoire (Board of Trustees) on 27 May 2026 and signed on its behalf:

/s/ Philip Rauber

Philip Rauber, Vice-Chair

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2025 Annual Report

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

INDEPENDENT EXAMINER’S REPORT

To the trustees of THE SWISS CHURCH IN LONDON (L'EGLISE SUISSE DE LONDRES) (SCHWEIZERKIRCHE IN LONDON) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Cornelius Stassen

The Chartered Institute of Management Accountants

Inside Accounting Limited 1 Princes Close London SW4 0LG

Date: 18 May 2026

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2025 Annual Report

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 2025

In £
2024
Total funds

251,630
58,682

310,312
348,809
(38,497)

-

(38,497)

1,526,668

1,488,171
Notes
INCOME & ENDOWMENTS
Donations and legacies
2
Other trading activities
3
TOTAL INCOME
EXPENDITURE
Charitable activities
Advancing the Christian faith
6/7/8
NET INCOME /
(EXPENDITURE)
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS
CARRIED FORWARD
2025
Unrestricted funds
53,178
95,601
148,779
160,749
(11,970)
(55,030)
(67,000)
1,500,032
1,433,032		 2025
Restricted funds

60,783
-

60,783
115,813
(55,030)
55,030

-

(11,861)

(11,861)		 2025
Total funds

113,961
95,601

209,562
276,562
(67,000)

-

(67,000)
1,488,171
1,421,171

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

The Notes form part of the financial statements.

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2025 Annual Report

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

STATEMENT OF FINANCIAL POSITION

As at 31 December 2025

In £
2024
Total funds
1,088,898

180,516
274,262

454,778
(6,517)
-
448,261
1,537,159

(15,000)
-
(33,988)
1,488,171
1,500,032

(9,354)

11,833

(14,309)

1,045
(1,617)
541
(11,861)
1,488,171
Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash in hand
CREDITORS
Amounts falling due within one year
11
-
NET CURRENT ASSETS /
(LIABILITIES)
TOTAL ASSETS
LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
-
ACCRUALS &
DEFERRED INCOME
12
NET ASSETS
FUNDS
Unrestricted:
13
General fund
Restricted:
13
Cultural fund
Youth work
New Pastoral
Mobility fund
Support fund
(To support people in need)
Business Concept Plan
Consultancy Fees
TOTAL FUNDS		 2025
Unrestricted funds
1,057,789
190,746
260,285
451,031
(5,535)
-
445,496
1,503,285
-
-
(70,253)
1,433,032		 2025
Restricted funds

-

-
(11,861)

(11,861)
-
-
(11,861)

(11,861)

-
-
-

(11,861)



2025
Total funds
1,057,789

190,746
248,424

439,170
(5,535)
-
433,635
1,491,424

-
-
(70,253)
1,421,171
1,433,032
(9,354)
11,833
(14,309)
1,045
(1,617)

541

(11,861)
1,421,171

Page 20 of 29

2025 Annual Report

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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

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 Consistoire (Board of Trustees) on 27 May 2026 and were signed on its behalf by:

/s/ Hanspeter Lüthi

........................................... Hanspeter Lüthi Treasurer

/s/ Philip Rauber

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

Page 21 of 29

2025 Annual Report

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

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2025. The notes form part of the financial statements.

1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

1.2 Fund accounting

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.

1.3 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

1.4 Expenditure

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.

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:

Page 22 of 29

2025 Annual Report

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

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. There is no VAT charged on income (as per the consultation with SRG LLP, an independent tax advisory, in December 2025).

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).

2. Donations and Legacies

In £
2024
Total

189,390

3,283

43,381

18,859
254,913
UK members and friends
Collections church service
Switzerland donations
New Individual gift aids
TOTAL		 2025
Unrestricted
3,688
-
42,402
7,087
53,178		 2025
Restricted

50,265

3,128

4,495

2,895

60,783		 2025
Total

53,954

3,128

46,897

9,982
113,961

3. Other Trading Activities

In £
2024
Total

47,170

1158

7,071
55,399
Church lettings
Other Income
Tax recovery
TOTAL		 2025
Unrestricted
89,153
998
5,450
95,601		 2025
Restricted

-

-

-
-		 2025
Total

89,153

998

5,450
95,601

Page 23 of 29

2025 Annual Report

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

4. Income from Charitable Activities

Advancing the Christian faith In £
2024
Total

-

-

-
-
-
Services and parish events
Swiss church news
Youth work
Cultural events
TOTAL		 2025
Unrestricted
-
-
-
-
-		 2025
Restricted

-

-

-
-
-		 2025
Total

-

-

-
-
-

5. Cost of Raising Funds

In £
2024
Total
-
-
Other fundraising and
publicity costs
TOTAL		 2025
Unrestricted
-
-		 2025
Restricted
-
-		 2025
Total
-
-

Page 24 of 29

2025 Annual Report

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

6. Charitable Activities Costs

In £
2024
Total

4,723

2,521

39,033

110,638

5,909

42,006

10,914

3,493

10,085

9,347

1,807

3,206

-

3,266

16,080

32,850

-

835

52,096
348,809
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)
TOTAL		 2025
Unrestricted
-
-
-
114,694
5,200
-
-
-
-
-
878
1,254
-
3,913
13,712
-
-
-
21,098
160,748		 2025
Restricted

3,960

-

17,647

-

-

33,839

9,575

3,663

7,704

8,836

-

-

-

-

-

30,439

-

150

-
115,812		 2025
Total

3,960

-

17,647

114,694

5,200

33,839

9,575

3,663

7,704

8,836

878

1,254

-

3,913

13,712

30,439

-

150
21,098
276,561

6b. Support Costs in Furtherance of Charitable Activity

In £
2024
Total

20,987

31,109
-

52,096
Bank charges &
currency exchange loss
Depreciation:
Building & Organ
Depreciation:
Others
TOTAL		 2025
Unrestricted
(10,011)
31,109
-
21,098		 2025
Restricted

-

-
-
 2025
Total

(10,011)

31,109
-
21,098

Page 25 of 29

2025 Annual Report

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

7. Net Income / (Expenditure) for the Year

7.
Net Income / (Expenditure) for the Year
In £
2024
Total

31,109
-

31,109
Depreciation of tangible fixed assets
Independent examination fees

TOTAL		 2025
Total
31,109
-
31,109

In 2025, no Trustees received any benefits in kind (2024 - Nil). In 2025, no Trustees received any reimbursement of expenses (2024 - Nil).

8. Staff Costs and Numbers

In £
2024
Total

104,871

5,766

5,909

116,546
Wages and salaries
Social security costs
Pension costs

TOTAL		 2025
Total
104,000
10,694
5,200
119,894

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

Charitable activities 2025
Total
2024
Total
3.0
3.0

Page 26 of 29

2025 Annual Report

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

9. Tangible Fixed Assets

COST
At 1 January 2025
Additions
At 31 December 2025
DEPRECIATION
At 1 January 2025
Charged in the year
At 31 December 2025
NET BOOK VALUE
31 December 2025
31 December 2024		 Building
improvement
1,433,160
-
1,433,160
429,872
28,664
458,536
974,624
1,003,288		 Charity organ

122,299
-

122,299

36,690

2,445

39,134

83,165

85,610		 Furniture, fixtures &
equipment

67,026
-

67,026

67,026

-

67,026

-

-		 In £
Total

1,622,485
-

1,622,485

533,587
31,109

564,696

1,057,789

1,088,898

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

10.
Debtors
In £
2024
Total

1,146

2,469

(6,888)
183,789

180,516
Trade debtors
Prepayments and accrued income
Accruals
Accrued Income

TOTAL		 2025
Total
(79)
2,294
(2,454)
190,985
190,746

Page 27 of 29

2025 Annual Report

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

11. Creditors – Amounts Falling Due Within One Year

In £
2024
Total

3,114
3,403

6,517
Trade creditors
Payroll Liabilities:HMRC

TOTAL		 2025
Total
2,947
2,588
5,535

12. Accruals and Deferred Income

12.
Accruals and Deferred Income
In £
2024
Total
33,988

33,988
Accruals and deferred income

TOTAL		 2025
Total
70,253
70,253

13. Movement in Funds (Current Year)

13.1 Restricted Funds

Brought
forward
-
(9,354)
11,833
(1,617)
1,045
541
(14,309)
(11,861)		 Incoming
resources

6,746

15,932

34,498

-

-

-

3,607
60,783		 Resources
expended

63,617

17,647

30,439

150

-

-

3,960

115,813		 Transfers
between Funds

56,871

1,715

(4,059)

150

-

-

353

55,030		 In £
Carried
forward

-

(9,354)

11,833

(1,617)

1,045

541

(14,309)

(11,861)
Building fund
Cultural fund
Youth work
Support fund
Mobility fund
Business concept plan
New Pastoral
TOTAL

Page 28 of 29

2025 Annual Report

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

13.2 Unrestricted Funds

Brought
forward
411,134
1,088,898
1,500,032		 Incoming
resources

148,779

-

148,779		 Resources
expended

129,640
31,109

160,749		 Transfers
between Funds

(55,030)

-

(55,030)		 In £
Carried
forward

375,243
1,057,789
1,433,032
General funds
Designated funds:
Building fund-building &
organ
TOTAL

13.3 Summary of Funds

Brought
forward
(11,861)
1,500,032
1,488,171		 Incoming
resources

60,783

148,779

209,562		 Resources
expended

(115,813)

(160,749)

(276,562)		 Transfers
between Funds

55,030
(55,030
-		 In £
Carried
forward

(11,861)

1,433,032

1,421,171
Restricted funds
Unrestricted funds
TOTAL

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.

14 Operating Lease Commitments

There were no lease commitments at the end of the year 2025.

15 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.

16 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 29 of 29

2025 Annual Report