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2022-11-30-accounts

Company number: 08288370 Charity number: 1149991

The Congregation at German Christ Church London

Financial Statements Year Ended 30 November 2022

The Congregation at German Christ Church London

Financial statements for the year ended 30 November 2022

Contents Page
Reference and administrative information 1
Trustees’ annual report 2 – 5
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 – 15

The Congregation at German Christ Church London

Reference and administrative information For the year ended 30 November 2022

Directors and Trustees:

Tina Armbrust Michael Grünert Arnold Holle Karin Purcell Ursula Vogt Lars Klehn Udo Bauer Sybille de Vegvar (appointed 29.11.2022) Tania Wright (appointed 29.11.2022)

Registered Office:

78 Station Road London SW13 0LS

Bankers:

HSBC – Bank PLC 237 Brompton Road London SW3 2ER

Independent Examiner:

Tracey Moore BFP ACA UHY Hacker Young Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ

Constitution:

The Congregation at German Christ Church London is a company limited by guarantee, number 08288370. It is registered in the United Kingdom as a charity, number 1149991 and is governed by its memorandum and articles of association.

1

The Congregation at German Christ Church London

Trustees’ Report (incorporating a Directors’ Report) For the year ended 30 November 2022

The Directors, who are also the Trustees of The Congregation at German Christ Church London (‘the Charity’), present their report and the unaudited financial statements for the year ended 30 November 2022.

Reference and administrative details

Reference and administrative information set out on page 1 forms part of this report. The Trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities (issued January 2021).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Congregation at German Christ Church London is a charitable company limited by guarantee. It was incorporated on 9 November 2012 and registered as a charity on 30 November 2012. The Congregation at German Christ Church London took over the main managing tasks of running the German Christ Church in Knightsbridge, London, which was previously undertaken by the Incorporated Trustees of the German Christ Church London Charity (registered charity number 251120). The activities of the charitable company commenced on 1 April 2013.

The charitable company’s objectives are clearly set out in the Memorandum and Articles of Association.

Church buildings

The church building is owned by the Incorporated Trustees of the German Christ Church London Charity and leased to the Congregation at German Christ Church London on a peppercorn rent. As agreed between the two organisations, the Congregation at German Christ Church London also holds a restricted fund of £50,000 which is held on trust for the Incorporated Trustees of the German Christ Church London Charity within a ‘Major Repair Fund’.

The Major Repair Fund may be used for items of significant expenditure in relation to the maintenance of the church building. The charitable company has agreed as part of its lease provision to contribute a sum of 5% of its annual membership contributions, currently capped at £5,000 per year, towards the Major Repair Fund which it will also hold for future use. The annual contribution will be reviewed every five years. The charitable company will report annually to the Trustees with regard to its contribution towards and use of the Major Repair Fund in accordance with the terms of its lease as tenant of the church building.

The Parsonage building is also owned by the Incorporated Trustees of the German Christ Church London Charity and provided to The Congregation at German Christ Church London charity on a peppercorn rent for serving Pastors of the German Christ Church to reside at this address during their period of employment. The Congregation at German Christ Church Charity makes an annual contribution of £4,000 to the Incorporated Trustees of the German Christ Church London Charity (to be adjusted for inflation every 5 years) towards cleaning, maintenance and decorating at the end of each pastor’s tenancy upon vacation of the property as required. By separate arrangement, a proportion of this service charge is paid for by two other churches for who the pastor also serves. The Congregation at German Christ Church’s share of the service charge was 42% for the majority of the year. As of 1 September 2022 this increased to 45%.

Method of appointment or election of Trustees

The management of the charitable company is the responsibility of the Trustees, who are also Directors under company law. Trustees are elected under the terms of the Company’s Memorandums and Articles of Association.

The Trustees, being members of the charitable company, who served during the year and up to the date of this report are listed on page 1. According to the Articles of Association, from November 2012, committee members are elected by the members and become Directors and Trustees for the time of their involvement in the committee.

Risk management

The Trustees have addressed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to mitigate its exposure to those risks.

The main risk the Congregation at German Christ Church London faces is a decline in membership numbers. The Brexit vote and the uncertainties about leaving the EU as well as the Covid-19 pandemic have increased that risk. There is a considerable turnover among the Germans living in London and thus in the membership of the congregation. The Trustees have addressed the current situation and implemented procedures to secure long term membership and have made an assessment that the charitable company remains a going concern for the foreseeable future.

2

The Congregation at German Christ Church London

Trustees’ Report (incorporating a Directors’ Report) For the year ended 30 November 2022

OBJECTIVES AND ACTIVITIES

Aims and Objectives

The Object of the Congregation is the advancement of the Christian faith in accordance with the rites, services and doctrines of the German Protestant Church, through the provision of services and pastoral care in German for German speaking Protestant Christians, and through preaching, administration of Sacraments and religious instruction based on the Gospel of Jesus Christ as testified in the Holy Scripture of the Old and New Testament, in the ecumenical creeds of the Ancient Church and in the confessional documents of the Reformation and the ‘Theological Declaration of the Confessing Synod of the German Evangelical Church of Barmen’ (1934).

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

During the year from December 2021 to November 2022, 59 services were held at the German Christ Church and online. The attendance per service was between 8 and 80 people. Services are held in German. Occasionally ecumenical services as well as special celebrations are conducted bilingually (German and English), for example the Advent carol service which is organized jointly with the British-German Association (BGA).

After every service the congregation offers a well-attended social event with coffee, tea and German cake.

A team of volunteers provides a regular ‘Sunday School’ held monthly in parallel to the normal service in the Church. The Sunday School attendance varies greatly, between 0 and 5 children.

During the year there have been:

The congregation offers the following groups which meet regularly thus contributing to the life of the congregation:

A major fund raising event for the congregation life is the St Martin’s Walk and Feast, held in November. In the past this brought together almost 1,000 participants, congregation members, parents with their children, members of the German community and neighbours of the church. Coming out of the pandemic, the event in 2022 was held inside the church building and was hence much smaller. The plan is to increase attendance for this event again in future years.

A newsletter is sent on a quarterly basis to members and friends of the congregation. The website was redeveloped in 2022 and is now the main source for information for members. There is an additional short weekly newsletter sent out by email called “Mutmacher”, which is very well received.

3

The Congregation at German Christ Church London

Trustees’ Report (incorporating a Directors’ Report) For the year ended 30 November 2022

FINANCIAL REVIEW

Financial results

During the year to 30 November 2022, the charitable company received income of £106,687 (2021: £100,448) and contributed £101,863 (2021: £98,381) towards its charitable activities. The costs of raising funds of £762 (2021: £42) brings the total expenditure incurred by the charitable company to £102,625 (2021: £98,423). The accumulated funds at the year-end are £813,283 (2021: £809,221).

The Congregation at German Christ Church London shares the cost of the pastor and other associated expenditure with two other churches in West London. This Parochial Area (PAB) incorporates the German churches of Knightsbridge, Petersham and Oxford. Included within income and expenditure for the year are amounts incurred directly by the PAB for activities relating to the Congregation at German Christ Church London. The charity makes a contribution to the PAB each year and this is used to fund these activities. During the year, the Congregation at German Christ Church London contributed £18,805 to the PAB (2021: £17,469). In addition, the PAB generated direct income of which £9,516 (2021: £13,188) relating to the charity. Total costs of £21,606 (2021: £28,694) incurred by the PAB have been included within charitable activities in the Statement of Financial Activities.

Reserves policy

It is the policy of the Trustees to hold a sum sufficient to cover any repair and construction work which might occur during the financial year. This has been set at £50,000 and this amount is held within restricted funds as a Major Repair Fund. As noted on page 2, the Major Repair Fund is increased each year by 5% of the annual membership contributions. Following expenditure of £nil (2021: £522) relating to building improvements, the balance of the Major Repair Fund at 30 November 2022 was £68,770 (2021: £66,250).

The Trustees consider the unrestricted reserves to be the freely distributable reserves of the charitable company. This is calculated as total unrestricted reserves less the value of fixed assets and amounts that have been designated. At 30 November 2022, designated funds totalled £345,109 (2021: £345,109), including fixed assets with a value of £176,788 (2021: £189,309), leaving freely distributable reserves of £397,713 (2021: £396,171). The Trustees recognise the need to hold reserves for the maintenance of core charitable activities in the event of income shortfalls. The Trustees have reviewed the level of unrestricted funds available at 30 November 2022 in accordance with this policy and have determined that the free reserves at the balance sheet date meet the objective.

PLANS FOR FUTURE PERIODS

The next financial and liturgical year will start on 1 December 2022 with a busy Advent and Christmas season. This will include festive services, a join carol service with the British German Association and advent wreath making. The St Martin procession will take place in November 2023 with the size to be decided at a later stage.

Again, there are around 60 services scheduled, ecumenical services are planned and the ecumenical collaboration with other church institutions will be strengthened.

There will again be a confirmation class. All groups will continue to run independent events and attract new people.

Some uncertainty remains following the pandemic as members decided to leave the country. BREXIT makes it more difficult to find new members as visa restrictions are much higher for all new expats.

The trustees plan to continue the activities of the charitable company, taking into account the general economic conditions, which are likely to exist in the year ending 30 November 2023.

Events since the end of the year

The Covid 19 pandemic continues to have an impact on the congregation. Services are now being held both digitally and at the church.

The congregation is currently working with architects and the Incorporated Trustees of the German Christ Church London Charity on a plan to enhance the church building. This had been put on hold during the pandemic but has started again this year.

4

The Congregation at German Christ Church London

Trustees’ Report (incorporating a Directors’ Report) For the year ended 30 November 2022

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The Trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the directors are aware:

Small Company Provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the Trustees on 29 November 2023 and signed on their behalf by:

Clemens Lansing Trustee

5

The Congregation at German Christ Church London

Independent Examiner’s Report to the Trustees of The Congregation at German Christ Church London

I report to the charity’s Trustees on the accounts of the company for the year ended 30 November 2022, which are set out on pages 7 to 15.

This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for my work, for this report, or for the statement I have made.

Responsibilities and basis of report

As the charity’s trustees of the charitable 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 my examination giving me cause to believe:

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 in order to enable a proper understanding of the accounts to be reached.

Tracey Moore BFP ACA UHY Hacker Young Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ

Date: 29 November 2023

6

The Congregation at German Christ Church London

Statement of financial activities (incorporating an income and expenditure account) for the year ended 30 November 2022

Notes
Income and endowments
Income from:
Donations
3
Raising funds
4
Investments

Total income
Expenditure
Cost of raising funds
St Martin’s procession and carols/readings
Charitable activities
Synod and pastoral
5a
Community work and donations
5b
Service and building maintenance
5c
Governance and other
5d
Total expenditure
Net income
Transfers
Net movement in funds

Fund balances brought forward
Fund balances carried forward		 Restricted
Unrestricted
£
£
4,308
94,010
-
7,967
65
337

4,373
102,314

-
762
-
33,188
4,308
10,195
-
48,469
-
5,703

4,308
98,317

65
3,997
2,455
(2,455)

2,520
1,542
67,941
741,280
70,461
742,822
2022
Total
funds
£
98,318
7,967
402

106,687

762
33,188
14,503
48,469
5,703

102,625

4,062
-

4,062
809,221

813,283
 2021
Total
funds
£
96,490
3,895
63
100,448
42
38,948
8,270
45,584
5,579
98,423
2,025
-
2,025
807,196
809,221

All of the above results are derived from continuing activities.

The notes on page 9 to 15 form part of these financial statements.

7

The Congregation at German Christ Church London

Balance sheet as at 30 November 2022

Notes
Fixed Assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within 1 year
9
Net current assets
Net assets
12

Funds
Restricted funds
11
Unrestricted funds
10

Total funds
 2022
£
176,788
25,350
622,094

647,444



(10,949)

636,495

813,283

70,461
742,822

813,283
2021
£
189,309
31,449
598,565

630,014
(10,102)

619,912

809,221
67,941
741,280
809,221

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibility for:

The financial statements were approved by the Trustees on 29 November 2023 and signed on their behalf by:

…………………………………..

Clemens Lansing

Registered company number: 08288370

The notes on page 9 to 15 form part of these financial statements.

8

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

1. General information

The Congregation at German Christ Church London is a charitable company registered in England and Wales, company registration number 08288370 and charity registration number 1149991. It was incorporated on 9 November 2012 and registered as a charity on 30 November 2012 and is governed by its memorandum and articles of association. The registered office is 78 Station Road, London, SW13 0LS. These financial statements are for the year ended 30 November 2022.

2. Principal accounting policies

a) Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2021) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) the Companies Act 2006 and the Charities Act 2011.

The Congregation at German Christ Church constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP (FRS 102):

The preparation of the financial statements requires the trustees to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the trustees' best judgement at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change. The managing trustees consider that there are no key sources of estimation uncertainty.

Expenditure

Expenditure is recognised on an accruals basis, inclusive of Value Added Tax.

Costs of raising funds comprise the costs incurred in connection with fund-raising activities and the preparations thereof.

Charitable activities expenditure comprises costs identifiable as wholly or mainly in support of the charitable company’s objectives.

Governance costs comprise the costs of meeting statutory requirements, including accountancy fees.

The cost of donated services is only recognised in the Statement of Financial Activities where an estimate of the cost to the charitable company can be reliably made, that being the price that would be paid in an open market for the service or facility.

9

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

2. Principal accounting policies (continued)

d) Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

e) Fixed Assets

Tangible fixed assets are stated at cost less depreciation and impairment. Fixed assets costing more than £1,000 are capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furniture and equipment

Between 5 and 50 years

f) Funds

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity. The general fund therefore comprises those monies which may be used towards meeting the objectives of the Charity at the discretion of the Trustees.

Restricted funds are donations received from donors which may only be used for purposes specified by the donor.

Designated funds comprise funds that have been set aside at the discretion of the Board for specific purposes. The purposes and uses of the designated funds are set out in the notes of the financial statements.

g) Financial instruments

The charity only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loan balances. All financial assets and liabilities are payable within 12 months and are measured at the transaction price less provisions for impairment.

3. Donations

Donations, legacies and collections
Gift aid
Grants received		 2022
£
58,775
8,706
30,837
98,318		 2021
£
70,958
11,314
14,218
96,490

Included within donation income is £4,308 related to restricted funds (2021: £4,091).

4. Income from raising funds

Weddings, funerals and
christenings
-
St Martin’s procession market
-
Grants received
Other fundraising events
Rents received
-		 Restricted
£
-
-
-
-
-		 Unrestricted
£
730
633
2,679
3,925
**7,967 **		 2022
£
730
633
2,679
3,925
**7,967 **		 2021
£
350
-
1,445
2,100
3,895

All income from raising funds in both 2022 and 2021 relate to unrestricted funds.

10

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

5 . Charitable activities

a) Synod and pastoral

Synod fees
-
Pastoral assistant
-
-		 Restricted
£
-
-
-		 Unrestricted
£
24,389
8,799
33,188		 2022
£
24,389
8,799
33,188		 2021
£
21,840
17,108
38,948

All charitable activities in respect of the Synod and pastoral work in both 2022 and 2021 relate to unrestricted funds.

b) Community work and donations

Parish work
-
Donations to charities
-
-		 Restricted
£
-
4,308
4,308		 Unrestricted
£
10,195
-
10,195		 2022
£
10,195
4,308
14,503		 2021
£
6,679
1,591
8,270

Included within community work and donation charitable expenditure is £4,308 relating to restricted funds (2021: £2,400).

c) Service & building maintenance

Cleaning
-
Organist
-
Insurance
Building costs
Repairs and maintenance
Utilities
Travel costs
Office supplies
Sundry
Depreciation
-		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-		 Unrestricted
£
4,150
6,640
5,646
6,950
4,091
6,136
1,281
849
205
12,521
48,469		 2022
£
4,150
6,640
5,646
6,950
4,091
6,136
1,281
849
205
12,521
48,469		 2021
£
4,000
5,700
5,095
3,410
4,455
7,527
1,606
706
564
12,521
45,584

Included within building costs is £nil relating to restricted funds (2021: £522).

d) Governance and other costs

Independent examination fee
-
Current year fee
Over-accrual from prior year
Secretarial
Bank charges
-
Total charitable expenditure		 Restricted
£
-
-
-
-
4,308		 Unrestricted
£
3,600
-
1,876
227
5,703
97,555		 2022
£
3,600
-
1,876
227
5,703
101,863		 2021
£
3,600
(180)
2,135
24
5,579
98,381

All governance and other costs in both 2022 and 2021 relate to unrestricted funds. Included within Secretarial costs is £180 (2021: £930) paid to the Independent Examiner.

11

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

6. Net movement in funds

Net movement in funds is stated after charging:

Depreciation
Fees for Independent Examination
Fixed Assets
Cost
At 1 December 2021
At 30 November 2022
Depreciation
At 1 December 2021
Charge for the Year
At 30 November 2022
Net book value at 30 November 2022
Net book value at 30 November 2021		 2022
£
12,521
3,600
Furniture &
Equipment
£
537,180
537,180
347,871
12,521
360,392
176,788
189,309		 2021
£
12,521
3,600

Total
£
537,180
537,180
347,871
12,521
360,392
176,788
189,309

7. Fixed Assets

8. Debtors

Accrued income
Amounts owed by the PAB
Other debtors
-
-
Creditors:amounts falling due within one year
Accruals
-
Other creditors
-		 2022
£
8,706
14,527
2,117
25,350
2022
£
10,949
-
10,949		 2021
£
11,314
7,811
12,324
31,449
2021
£
10,102
-
10,102

9. Creditors: amounts falling due within one year

12

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

10. Unrestricted funds – 2022

General unrestricted
funds
Designated funds:
Fixed Assets
Asset Replacement
Church Accessibility
Pastoral Service		 At 1
December
2021
£
396,171
189,309
84,380
50,000
21,420
741,280		 Income
£
102,314
-
-
-
-
102,314		 Expenditure
£
(64,376)
(12,521)
-
-
(21,420)
(98,317)		 Transfers
£
(36,396)
-
12,521
-
21,420
(2,455)		 At 30
November
2022
£
397,713
176,788
96,901
50,000
21,420
742,822

Fixed Assets:

This represents the net book value of the fixed assets held. This will be spent over useful life of the fixed assets as described in the accounting policies in note 2.e.

Asset Replacement:

This fund will be used for replacement of the fixed assets of the church as and when required. The value of the fixed asset depreciation will be transferred from general unrestricted funds to the Asset Replacement fund each year. The current year transfer represents both the 2022 depreciation charges.

Church Accessibility:

These funds have been designated for building improvements, in particular to ensure there is adequate access and facilities for everyone. Planning has already begun on this work and it is anticipated that this fund will be fully spent by 2023.

Pastoral Service:

This represents the annual commitment to the pastoral service for the upcoming financial year which is paid to the Synod. At the 2022 AGM the synod decided that to cancel the annual commitment until 2027 and instead revise the amount due each year according to the cost. The amount for 2022 is the same as the previous year, valued at £21,420.

Unrestricted funds – 2021

General
unrestricted
funds
Designated funds:
Fixed Assets
Asset Replacement
Church Accessibility
Pastoral Service		 At 1
December
2020
£
398,445
201,830
71,859
50,000
21,000
743,134		 Income
£
96,351
-
-
-
-
96,351		 Expenditure
£
(61,980)
(12,521)
-
-
(21,000)
(95,501)		 Transfers
£
(36,645)
-
12,521
-
21,420
(2,704)		 At 30
November
2021
£
396,171
189,309
84,380
50,000
21,420
741,280

11. Restricted funds – 2022

Donations to charities
Carols and readings
Major repair fund		 At 1
December
2021
£
-
1,691
66,250
67,941		 Income
£
4,308
-
65
4,373		 Expenditure
£
(4,308)
-
-
(4,308)		 Transfers
£
-
-
2,455
2,455		 At 30
November
2022
£
-
1,691
68,770
70,461

13

The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

11. Restricted funds (continued)

Donations to charities:

Income collected from the congregation for a specific charity is placed in a restricted fund and paid to the relevant charity following this collection.

Carols and readings

This represents income received for the charity to host a carols and readings service for the community in December 2022. The full amount of this fund has been spent in the year ending 30 November 2022.

Major Repair Fund:

As detailed more fully in the Trustees’ Report, and in accordance with the transfer agreement held with the German Christ Church London Charity, £50,000 is held on trust by that charity for the use of maintenance and improvement works on the church when required. Per the church lease agreement, the Congregation at German Christ Church is required to make a repair contribution to this fund totalling 5% of the membership income received in the year, and a transfer of £2,455 has therefore been made.

Restricted funds – 2021

Donations to charities
Carols and readings
Major repair fund		 At 1
December
2019
£
-
-
64,062
64,062		 Income
£
1,591
2,500
6
4,097		 Expenditure
£
(1,591)
(809)
(522)
(2,922)		 Transfers
£
-
-
2,704
2,704		 At 30
November
2021
£
-
1,691
66,250
67,941

12. Analysis of net assets between funds – 2022


Fixed assets
Current assets
Liabilities		 Restricted
Funds
-
70,461
-
70,461		 Unrestricted
Funds
£
176,788
576,983
(10,949)
742,822		 Total
Funds
£
176,788
647,444
(10,949)
813,283

Analysis of net assets between funds – 2021


Fixed assets
Current assets
Liabilities		 Restricted
Funds
-
67,941
-
67,941		 Unrestricted
Funds
£
189,309
562,073
(10,102)
741,280		 Total
Funds
£
189,309
630,014
(10,102)
809,221

13. Related party transactions

The charity has no employees (2021: none). The trustees consider themselves as comprising the key management personnel of the charity, in charge of directing and controlling the charity. The trustees received £nil remuneration and no benefits in kind for their services during the year (2021: £nil) and received no reimbursement of expenses (2021: £nil).

There are no related party transactions requiring disclosure (2021: none).

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The Congregation at German Christ Church London

Notes to the financial statements for the year ended 30 November 2022

14. Status of Company

The company is a charitable company limited by guarantee without share capital. Each member has agreed that, in the event of the charitable company being wound up, he or she will contribute £1 to the net assets. The number of members at 30 November 2022 was 9.

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