Registered Charty Number 1120852 sKr NIKOLAJ DANISH SEAMEN S CHURCH IN HULL FINANCIAL sfATEMENTS Year ended 31 DECEMBER 2021 Phoenix Accountancy and Business Consultanry Limited
s NIKOLAJ DANISH SEAMENS CHURCH IN HULL Charity No: 1120852 Contsnts to the Financial Ststsments For the year ended 31 December 2021 Page Trustees Annual Report Independent Examiners, Report 10 Receipts and Payments Account 11 Statement of Assets arKI Liabilities 12 Notes to the Flnancial Statements 13
sKr NIKOLA] DANISH SEAMEN'S CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 The Trustees pre*nt their report with the financial statements of the Charity for the year ended 31 December 2021. Reference and Administrative Detsils of the Charity, Its Trustees and Advlsers chari Skt Nikolaj Danish Seamen's Church istration Number: 1120852 Princi ress: 104 Osbome Street Hull HUI 2PN Names of Trust who served during the year and slnce the year end were as follows: Hanne Hamilton Dorthe Hostick Merethe Walgate Anette Gould Susanne Gilbert Paul Towle Graham Gilbert Peter Aarosin In Examiner: Katie Sauvage FCCA Phoenix Accountanry and Business Q)nsultsnL¥ Limited Morley's Cottage Morley's Yard Walkergate Beverley East Yorkshire HU17 9BY
SI NIKOLAJ DANISH SEAMEN'S CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 Bankers: Natwest 34 King Edward Street Hull HUI 3SS HSBC Bank PIC 63 Market Place Beverley East Yorkshire HU17 8AL Investments: BNY Mellon Fund Managers Ltd Client Service Centre PO Box 366 Darlington DLI 9RF structure, Governance and Management rni oc ment.. Skt Nikolaj Danish Seamens Church is a registered charity governed by its Constitution adopted on 6 June 2006 and amended on 11 July 2007. Skt Nikolaj Danish Seamen's Church registered as a charity on 14 September 2007. The first Skt Nikolaj Church was purchased in 1869 and was the old chapel 'Bethesda' in Osborne Street. In 1871, on May 9th, a new church was consecrated. During the first World War the Sailors were forbidden to go ashore, so the church had to come to the Sailors. On May 9th 1941 the church suffered a direct hit by bombs, as did the majority of Hull. On May 9th 1954 a new Skt Nikolaj Danish Seamen's Church was C0nCrated. This new church was built on Osborne Street and Is the one still used today.
sKr NIKOLAJ DANISH SEAMEN S CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 Recruitment intment of Trustees The Trust5 form the Church Council of the charlty. The members of the Church Council are elected at the Annual General Meeting. Nominations for membership of the Church Council must be received by the Secretary 14 days before the date of the Annual General Meeting. The Constitution requires the Church Council to be comprised of: l) Not less than 5 ordinary members, elected at the Annual General Meeting 2) The Church's Pastor 3) A nominee of DSUK 3 of the elected members of the Church Council must retire each year in rotation but may be re-elected. Four Trustees are required to make a quorum. A meeting of the Church Council is empowered to tske decisions, when it has convened by 7 days written notice and not less than one half of its numbers are psenL nisational Struct Skt Nikolaj Danish Seamens Church is managed by the Church Council who meet regularEy and are responsible for the proper use of the Church and other property and premises that belong to the Church, the strategic direction and policy of the charity. Risk Mana ement: Procedures are in pla to ensure compliance with health and safety of staff, volunteers, Servi users and visitors to the Centre. All procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Objectives and Activities for Public Benefit As set out in the Memorandum of Association, the Charity's objetts are to preach the Christian Gospel, to hold Divine seNices and to condutt Church rites and ceremonies in Danish according to the rules of the Danish National Church.
si(r NIKOW DANISH SEAMENS CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 ve for the followin ear: In developing the main objettives for the following year the Trustees have given regard to the Charity Commission guidance on public benefit. Our main objtiveS for the following year are: l) To complete the transfer of assets and Ilabllltles to the new Charltsble Incorporated Organisation. 2) Resume the full range of activities identified In the 2019 Oudine Business Plan with the object of achieving financial sustainability by 2025. 3) Continue to fulfil the Church's charitable objectives including the holding of church services and the promotion of community interest in Scandinavian culture. Achlevements and Perforniance Revlew of Activities 2021 Government covid-related restrictions continued vvell into 2021 limiting the Church's attivities and restritting the marketing of its facilities. However, the Church was able to make use of the extension of the Job Retention Scheme. This helped to limit cash ouffiow enabling us to retsln our Centre Manager and to position ourselves for a fuller resumption of activitles towards the end of the year. The Church also u*d technology to maintain contstt with its congregation. Two services were condutted using Zoom and members were also able to share remotely in the London Church's Easter event. At the March service we said farewell to our temporary pastor, Johanne, but the Church continues to benefit from the support of our previous pastor, Arne, who generously gave his time to condutt a service by ZcM)m in June and a live Harvest seNice in September. 2021 was also the 150th anniversary of the consecration of the Hull Church's first purpose- built facility. Plans for an appropriats celebration We frustrated by covid but the event was marked by Radlo Humberside with a piece from the Centre Manager. By the middle of the year, easing of restrictions allowed an important retum of some traditional activities, Skt Hans was celebrated on June 25th and was followed the next day by a very well-attended lunch in the Church Garden. Coffee aftern(x)ns resumed in June and the Church also took part in Hull Heritage Open Days on the 16th_18th September. In November there was a welcome return of the live Christmas market (the previous year had been an on-line event). This annual event provides Church members and neighbours with the opportunity to buy and sample tradltional Scandinavian food and seasonal
sKr NIKOLAJ DANISH SEAMEN5 CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 prodLKts, bringing a little touch of Nordlc culture to the streets of Hull. Though Ilmited to one dayi the Christmas Market was exceptionally well-attended and brought in a significant contribution to the Church s gross and net income. After a two year hiatus, the Lucia event held on the 12th December was also a success and attracted some important sponsorship from local businesses and individuals. Sadly, covid reasserted itself towards the end of the month causing the cancellation of the Christmas service and lunch. Financlal Revlew Desplte Covld, the range of attivities that did prove posslble in 2021 not only helped sustain the life of the Church but also saw income rise to just under £33.6k, up £3.Ik on the previous year. Operating costs were reasonably well-contained but expenditure was boosted almost £4k by the cost of replacing the double glazing in flat l. Consequently, net income before transfers remained unchanged at £5.6k. As in the previous tNo years the Church provided funds to Its slster organisation, Skt Nickolaj Danish Church CIO, to cover the cost of maintsining the administrative support previously provided by the pastor and funded by DSUK. In 2021 the total cost of this item (including £1.3k from 2020) was just over £28k. £12k of this was met by the furlough and an abatement to NI credited dittly to the CIO. The remaining £16.4k was met by a transfer from the Church using its surplus for the year and previous years reserves. As income picks up in future years the need to call on reseNes should decrease until full financial sustainability is reached. In the meantime, however, reseNes remain strong. Monetary assets at year-end were just short of £89k and the market value of the Church's investments was £39.8k Following confirmation of the full operabillty of the CIO'S new bank account, the plan to transfer the church's assets into the new CIO is now progressing. All day-to-day transactions are now being recorded in the books of the CIO and the Church's flnanclal reserves will have been fully transferred by the middle of the current year. Reserves Policy It is the general policy of the charlty to maintain unrestritted funds, which are the free reserves of the charity. Any surplus will be retsined in the unrestricted fund to support future running costs. Plans for Future periods l) To complete the delayed transfer of all assets and liabilities to the new Charitable Incorporated Organisation.
NIKOLAJ DANISH SEAMEN'S CHURCH IN HULL Charity No: 1120852 Report of the Board of Trustees For the year ended 31 December 2021 Plans for Future perlods (Continued) 2) To sustain the Church's capacity to provide for divine services according to the traditions of the Danish Church. It is intended that the church will fund its own future pastoral provlslon as well as developing cultural attivities designed to forge a link btheen the Church and the wider community. The Church's strategy, staffing arrangements and financial planning reflect this objective. 3) Progress the implementstion of the business plan agreed in 2019 As noted above, the covid-19 pandemic has significantly interfered with the Church's plan to achieve financial sustsinability. Some important progress has been made however and the underlying plan MaInS intact. We will progressively assume the full range of attivities aimed at raising income, seeking to achieve breakeven within three years. In the interim, any emerging deficits can be more than adequately covered from existing reserves. In developing its plans, the Church will seek to ensure that the commitment to securing additional income complements the Church s primary objective of serving the needs of its congregation whilst promoting and sustaining awareness and understanding of Scandinavian religious and cultural traditions. Trustees Responsibilities The Charities Att requlres the trustees to prepare financial statements for each financial year. In accordance with the Charity Commission Guidance the Trustees have elected to prepare the accounts on the Receipts and Payments basis. This is an acceptable format for all non-company charities with an income below £250,000. The trustees are responsible for keeping proper accounting CordS which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Att 2011. The trustees are also 1x)nSIble for saftguarding the assets of the charity and hen for tsking aSonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure of inforniation to Independent Examiner The Charity has an income between £25,000 and £lm and therefore falls under the Independent Examinatlon girne. We, the Trustees of the Charity who held office at the date of approval of these financial ststements, each confirm so far as we are awa, that:
si(r NIKOLAJ DANISH SEAMEN5 CHURCH IN HULL Charity No." 1120852 Report of the Board of Trustees For the year ended 31 December 2021 O there is no relevant information of which the Charity's Independent Examiner is unaware. and we have tsken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the Charitys Independent Examiner is aware of that information. Independent Examiner A resolution to reappoint Independent Examiner, Katie Sauvage of Phoenix Accountancy and Business Consultsncy Limited wlll be proposed at the forthcomlng annual general meeting. erof Board Graham Gilbert Trustee Date:
sKr NIKOLAJ DANISH SEAMEN S CHURCH IN HULL Charity No: 1120852 Independent Examinerfs Report to the Members of Skt Nikolaj Danish Seamen's Church in Hull I report on the accounts of Skt Nikolaj Danish Seamen's Church in Hull for the year ended 31 December 2021, which a set out on pages 11 to 13. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Att 2011 (the Charities Att) and that an independent examination is needed. It Is my responsibility to: examine the accounts under section 145 of the Charities Att. to follow the procedures laid down in the Generdl Direttions given by the Charity Commissioners under settion 145 (5)(b) of the Charities Att. and to state whether particular matters have come to my attention. Basls of independent examiner's report My examination was carried out in accordan 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 the 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 fairf view and the report is limited to those matters set out in the ststement below. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connettion with the examination which gives me cause to believe that in, any material respett: accounting records were not kept in accordan with sertion 130 of the Att or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connettion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Katie Sauvage FCCA Chartered Certified Accountant Phoenix Accountsncy and Business ConsuEtsncy Limited Morley's Cottage, Morley's Yard Walkergate, Beverley, HU17 9BY Date: 241 OJ /Aoa io
Slff NIKOLAJ DANISH SEAMENS CHURCH IN HULL Charty No: 1120852 Reipts and Payments Account For the year ended 31 December 2021 2021 Total Funds 2020 Total Funds Notes 1&2 RECEIPTS Sales Parking Language Schools Church SeNices - Other Christsnas Market Room Hire Donations Interest ReiVed Flat Rent Sundry DCF Subscriptions DCF Donations DCF Other Income 2,082 573 122 1,338 1,543 307 10,480 947 1,603 7,090 1,592 503 66 16,867 95 125 400 479 16,200 270 710 584 PAYMENTS Purchases Christmas Market DCF Event Costs Rent and Rates Heat Light and Power Motoring Travelllng and Entertainment Telephones, Printing and Ststionery Accounts Fees Insuran Maintenance Bank Charges Card Sales Costs in relation to renial premises General Expenses DCF Other Costs 127 7,185 990 149 4,914 259 437 5,122 4,067 189 1,477 400 538 9,029 941 2,719 272 93 1,844 525 7,196 1,060 2,638 141 Net Surplusl(Deficit) for the period Cash & Bank Balances brought forward 99,682 103,430 Transfer to Skt. Nickolaj Danish Church CIO (16,392) (9,375) Cash and Bank Balance5 carried forward The notes on page 13 form part of these financial statements.
sKr NIKOLAJ DANISH SEAMENS CHURCH IN HULL Charity No: 1120852 ststement of Assets and Liabilities As at 31 December 2021 2021 2020 Monetary Assets Natwest Current Account Natwest Account DIR (*842) Cash and Floats DCSF Current Account DCSF Business Money Manager Acwjnt DCSF Cash Total Monetary Assets Comprising: Unrestricted Funds Restricted Funds 9,979 65,311 loo 8,742 4,508 294 11,308 75,304 loo 7,934 4,508 528 88,934 99,682 Non Monetary Assets and Liabilities Fixed Assets for the tharity's use (at cost unless otherniise stated) Investrnents (At market value) 39,796 Office Equipmert 380 FtureS and Fittings 1,413 Other Equipment 515 42,104 33,578 380 1,413 515 35,886 Debtors Sundry Debtor5 Accounts F (400) (400) (400) (400) These financi and s nits ements were approved by the committee on eL half by: ZL (date) Graham Gilbe¢ Treasurer The notes on pages 13 form part of these financial ststements. 12
si(r NIKOLAJ DANISH SEAMENS CHURCH IN HULL Charity No: 1120852 Notss to the Financlal Statements For the year ended 31 December 2021 Notes Basis of Preparation The* accounts have bn prepared on a re[pts and payments (R&P) basis in line with charity commission guidan for a charity of this size. The comparattve figures relate to the year endlng 31 December 2020. Fund Accounting All income and expenditure is unrestricted. Taxation Skt. Nikolaj Danish Seamen's Church is a registered charity, registration number 1120852. All the charles, income is applied to charitsble objectives and the association is therefore exempt under current legislation from most forms of tsxation. Trustee Remuneration No Remuneration was paid to TstS during the year out of the funds of the charity. There was reimbursement of travel expenses amunting to £189 to l Trustees (2020: £93 to l Trustee) in spect of the year. The withdrawal of pastoral support previously provided by the Danske Soemands og Udlandskirker (DSUK) has meant that during the year the flat that was previously provided to the Pastor, who was a Trustee, at nil cost was no longer required and therefore has been let out on a commeraal basis, In 2019, One Trustee was provided living accommodation and utilities by the Charity at nll cost Transfer to Skt. Nlckolaj Danish Church CIO The charity is still in the process of finalising the transfer to the Charitsble Incorporated Organisation (CIO) (charity no: 1185236), however thls has been further delayed due to the Covid-19 pandemic. All receipts and payments on behalf of the CIO have been recorded as a transfer to the CIO and will be accounted for by the CIO. It is anticipated that all assets and liabilities will be transferred in the next accounting period. 13