OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details		 Reference and Administrative
Details
Trustees 2to 10
Statement of Trustees' Responsibilities
independent Auditors' Report 12to 15
Consolidated Statement of Financial Activities 16to 17
Consolidated Balance Sheet 18
Balance Sheet 19
Consolidated Statement
ofCash Flows		 20
Notes to the Financial Statements 21 to 39

REFERENCE AND ADMINISTRATIVE DETAILS
Chairman PerJonsson
Trustees Per Jonsson
Mike Christopherson
Christian
Bjiimram
Per Olov Emanuelsson
Joachim Wrang-Widen
Peter Wanehag
Sofia Olofsson
Ann Evander
Principal Office 6 Harcourt Street
London
W1H 4AG
Registered Office 6 Harcourt Street
London
W1H 4AG
Company Registration Number 08809420
Church Registration Number 1155762
Solicitors Bates Wells & Braithwaite
2-6 Cannon Street
London
EC4M 6YH
Bankers SEBBank
2 Cannon Street
London
EC4M 6XX
Auditor Harmer Sister Limited
Statutory Auditor
Salatin House
19Cedar Road
Sutton
Surrey
SM2 5DA

Total
Unrestricted Restricted Endowment 2022
Note E E
Income and Endowments from:
Donations
and legacies		 116,950 185,127 302,077
Charitable
activities		 401,097 401,097
Investment
income		 53,732 53,732
Other income 136,374 136,374
Total income 708,153 185127 893,280
Expenditure
on:
Raising funds
Charitable
activities
Total expenditure		 7
6		 (83,675)
~1641IM
~847797		 ~,57,355
,~5,355		 ~9,998
~98		 (83,675)
~625457,
~2909,
Net income/(expenditure)
before gainsl(losses)
on
investments		 ~739,628 133.772 ~9,998 ~75,852
Gains/losses
on investment
assets		 ~43,274 ~75,344 118,558
Net income/(expenditure)
Transfers
between
funds		 (182,840) 58,428
368.920		 (9,998)
~368.920		 (134,410)
Net movement
in funds		 (182,840) 427,348 (378,918) (134,410)
Reconciliation
offunds
Total funds brought
forward		 1,919,644 2,610,316 378,918 4,908,878
Total funds carried forward 20 1 736804 3,037,664 4,774,468

Total
Note Unrestricted
E		 Restricted
F		 Endowment
K		 2021f
Income and Endowments from:
Donations
and legacies		 311,781 141,749 453,530
Charitable
activities		 364,313 364,313
Investment
income		 91,380 91,380
Other income 83,576 83,576
Total income 851,050 141,749 992,799
Expenditure
on:
Raising funds
Charitable
activities
Total expenditure		 7
8		 (96,320)
~669,5M
(785,826(		 ~(06,380
(106,380(		 ~36,500
~(36,500		 (96,320)
~8(2,386
~908, 06
Net Incomei(expenditure)
before gainsi(losses)
on
investments		 85,224 35,369 ~36500 84093
Gains/losses
on investment
assets 157,297 177,146 40,073 374,516
Net income/(expenditure) 242,521 212,~1~ 3573 458,609
Net movement
in funds		 242,521 212,515 3,573 458,609
Reconciliation
offunds
Total funds brought
forward		 1,677,123 2,397,801 375345 4450269
Total funds carried forward 20 1,919,644 2,610,316 378,918 4,908,878

2022 2021
Note
Fixed assets
Tangible assets 13 475,575 442,782
Investments 14 4,145,212 4,236,917
4,620,787 4,679,699
Current assets
Stocks 15 5,252 2,147
Receivables 16 87,610 51,171
Cash at bank and in hand 17 171,147 297 755
264,009 351,073
Creditom: Amounts falling due within one year 18 ~410,320 (121,894
Net current assets 153,681 229,179
Net assets 4,774,468 4,908,878
Funds ofthe group:
Endowment 20 378,918
Restricted income funds
Restricted 20 3,037,664 2,610,316
Unrestricted income funds
Unrestricted 20 1,736,804 1,919,644
Totalfunds 20 0 4 008818

BALANCE SHEETAS AT 31 DECEMB ER 2022
2022 2021
Note 8
Fixed assets
Tangible assets 13 475,575 442,782
Investments 14 4,145,312 4,237,017
4,620,887 4,679,799
Current assets
Receivables 16 87,610 89,738
Cash at bank and in hand 17 170,877 294738
258,487 384,476
Creditors: Amounts falling due within one year 18 ~778479 (110,923)
Net current assets 140,008 273553
Net assets 4,760,895 4,953,352
Funds ofthe Church:
Endowment 20 378,918
Restricted income funds
Restricted 20 3,037,664 2,610,316
Unrestricted income funds
Unrestricted 20 1,723,231 1,964,118
Totalfunds 20 4760895 4,953,352

FOR THE YE AR ENDED 31 D ECEMBE R 2022
2022 2021
Note E
Cash flows from operating
activities
Net cash (expenditure)/income (134,410) 458,609
Cash flows from investing
activities
Interest receivable and similar income 53,732 91,380
Purchase ofinvestments (444,525) (2,313,923)
Sale of investments
Purchase oftangible
fixed assets
Net cash flows from investing
activities		 417,672
~50, 00
~23,827		 2,443,261
2211.718
Adjustments
to cash flows from non-cash		 items
Depreciation 13 17,907 19,303
investment
income
Revaluation
of investments		 5 (53,732)
118,508		 (91,380)
~374,076
(51,677) 12,016
Reconciliation
ofNet fifiovement
in Funds		 to Net Cash Flow
from Operating
Activities
(Increase)/decrease
in stocks
Increase
in debtors
Decrease
in creditors		 15
16
18		 (3,105)
(36,439)
~77.588		 13,672
(27,353)
~7,704
Net cash flows from operating
activities		 102,787 3,369
Net (decrease)/increase
in cash and cash equivalents		 126,608 217,349
Analysis ofCash and Cash Equivalents
Cash and short-term
deposits
Cash movement		 171,147
126600		 297,755
~277349
Cash and cash equivalents
at 1 January		 297755 00406
Cash and cash equivalents
at 31 December		 171,147 297,755

the following
rate
 s:
Asset class Depreciation method and rate
Freehold
buildings		 2%
Fittings,
furniture		 and organ 25%
Computem 33.3%
Computer
licenses		 tp
Motor vehicles 25%
Boiler equipment 10%
Kitchen equipment qP%

4 Income from charitable
ac		 tivities
Unrestricted
funds
Total Total
General 2022 2021
6 F K
Special events 191,635 191,635 172,613
Grants 130,000 130,000 130,000
Other income 79,462 79,462 61,700
401,1137 401 037 334313

Unrestricted
funds
Total Total
General 2022 2021
6 E
Unlisted investments interest 37,702 37,702 30,623
Listed investment dividends 16,030 16,030 60,757
53,732 53,732 91,380
Investment income amounting to E35,369was restricted in the prior year.
6 Other income
Unrestricted
funds
Total Total
General 2022 2021
6 6 E
Swedish Church Services Limited 136,374 136,374 83,576
Other income forthe prior year was unrestricted.

a) Costs oftr ading activiti es:
Unrestricted
funds
Total Total
General
K		 2022f 2021f
Trading subsidiary costs 73,969 73969 88,510
73,969 73,969 88,510
b) Investment management costs:
Unrestricted
funds
Total Total
Generalf 2022f 2021f
Investment management charges 5,348 5,348 10,378
5,348 5,348 10,378
8 Expenditure on charitable activities
Activity		 Grant
undertaken funding of
directlyf activity 2022
f.		 2021f
Parish activities 764,104 764,104 738,192
Special events 51,355 51,355 37,694
Grant 9,998 9998 36500
815,459 9898 62 57 812,386

The aggregate
payroll costs		 were a s f ollows:
2022 2021
K
Staffcosts during the year were:
Wages and salaries 363,906 301,865
Social security costs 33,913 33,244
Pension costs 14,187 12,701
Staff costs paid by SKUT 106,380
412006 454 190
The average number ofvolunteers and employees during the year was:
2022 2021
No No
Volunteers 2
Staff - support for charitable activities 8
Staff - support for charitable activities, paid by SKUT 1
10

13 Tangible fixed as
Group and church		 sets
Freehold
land and Fixture & Motor Computers
buildings Fittings vehicles and licenses Total
E E E E
Cost
At 1 January 2022 747,649 638,806 16,927 41,962 1,445,344
Additions
Disposals		 50,700 ~16927, 50,700
~16,927
At 31 December 2022 798,349 638,806 41,962 1479,117
Depreciation
At 1 January 2022 318,776 626,917 16,927 39,942 1,002,562
Charge for the year 11,675 5,943 289 17,907
Eliminated
on disposals		 (16,927)
At 31 December 2022 330,451 632,860 40,231 1,003,542
Net book value
At 31 December 2022 467,898 5,946 1,731 475,575
At 31 December 2021 11,889 2,020 442,782

2022 2021
K
Group
Quoted investments at market value 3,233,048 3,481,765
Unquoted investments at market value 912,164 755,152
4,145,212 4,236,917
2022 2021
2 2
Church
Shares in group undertakings and participating interests 100 100
Quoted investments at market value 3,233,048 3,481,765
Unquoted investments at market value 912,164 755,152
4 145312 4237017
All quoted investments are carried at carried at their fair value equivalent equivalent to the market value, using the bid price. Unquoted to the market value, using the bid price. Unquoted to the market value, using the bid price. Unquoted
investments are held at historical cost less any impairment as reviewed and decided by the Trustees.
Fixed asset investments are represented by: 2022 2021
0
Quoted Pooled Investment Vehicles 1,985,590 2,171,254
Unquoted private equity investments 912,164 755,152
Cash held for quoted investment purposes 724,062 829,099
Insurance policies held under quoted investments 523,396 481,412
4,145,212 4,236,917
The fair value ofeach class of quoted Investments comprise of: 2022
0		 2021
Alternative funds 345,904
Multi-Asset funds 1,985,590 1,825,350
Cash 724,062 829,099
Insurance 523,396 481,412
3,233,048 3,481,765

Quoted Unquoted
investments investments Total
E E
Valuation
At 1 January 2022 3,481,765 755,152 4,236,917
Additions 444,525 444,525
Disposals
Net investment		 gains (417,672)
~275,570		 157,012 (417,672)
~778,550
At 31 December 2022 3,233,048 912,164 4,145,212
Net book value
At 31 December 2022 3,233,048 912,164 4,145,212
At 31 December 2021 3,481,765 755,152 4,236,917

15 Stock
2022 Group
2021		 2022 Church
2021
E
Goods for resale 5 252 2,147
15 Receivables
2022 Group
2021		 2022 Church
2021
5 F E
Other receivables 80,933 8,927 80,933 8,927
Amount due from subsidiary company 38,567
Prepayments 6,677 42,244 6,677 42,244
87,610 51,171 87,610 89,738
17 Cash and cash equivalents 2022 Group
2021		 2022 Charity
2021
2 2 5
Cash at bank 171,147 297,755 170,877 294,738
18 Payables: amounts falling due within one year
2022		 Group
2021
5		 2022f Church
2021
Trade payables 49,593 44,184 41,613 42,531
Amount
owed to subsidiary
company 35,397
Other taxation and social security 26,108 28,015 9,242 21,097
Other payables 2,797 9,265 2,797 9,265
Accruals 31,830 40,430 29,430 38,030
115,323 121554 118,479 110,923

m
N
C
IO
0
Cll
C		 N
N
0
Cl		 CII IAO
ID		 IA
IA
LA		 CO
IA
O		 'd
CO
LD		 LA
IA
I
IA		 CO
O
O
LA
IO
Yl
IS
Cl CV CC
0 Cl N
CO
C		 c(
IA		 CD
I
NC
41
CD IA
O		 CI
0!		 LD
CD		 CI
0!
CD
CI		 CL(
LA		 CD CO
CD		 CO(0
(0		 CO
CD
0
LUI-
Z00Z0
Z
ZUR0Z0
Z		 N
C0 N
I o
Z N
IU K
E IU
IU IS
I-5
4 IU
CSa8
~C~
Q
CO
Z0
L(C IU
Z0
~Z		 Ol 44 OI
V 'Q
C
0
4l
0l N
(LC
e
000
Ol
C
N
c NO!
~
N
N		 CO
CD		 CV (0 N IO
LA
(D
(0		 I
c(
CD		 CD CO
OtO
CD
O
CO0!
CS
Ci
IU
IUZI-		 Og
I-g
CS Z
IU I
I-~
00		 Ot0C
Ol
IO
IS		 I CLI CD IA 'cl'
LA
(Ll		 O
CO
'0
C
IL
4!
Cl		 V(0 4!
IO O Ct E
O		 (L LL
C
0-
Ch
CO
N
OlC
~C
CI
N		 4
0
Q		 '0 IC
8		 5
Cl
e		 'b
.CD
Cl		 8
N'0
X0
Lc
Ct
c		 OI
CO		 CC
S0
LC
C
C
4
IC
CI—
0		 0
0
I-		 D
4I
0
O
4I
IC		 Vt
(0
0
h0
C
S
CI		 C
C
Cl
ID
CtC
cC
CB		 p
O
Vt
Z
Q
0
I-
C		 4I0
0
I-		 Cl'0
C
C0
CC
C
IU		 Cl
O
Ctt
0
OO
0Z
P.2		 I
l4 c-
CD0
Ol		 Col CV
CO
Cl		 CV
CO		 CA I CO
Olo
Ol00 CI f
CC		 CO
CO
l4
Ui
4l
5~c
00		 0
m
m
lO0		 Col CO
'cl
I		 CA
o
O'4
4l
CO
Ul
LO
4l		 Cal O CO
lAo
0 CD CO
CC
I-
Ci
O
IUI-
m
20
Ci20
2
Z0
DZ0z
40
O
IU		 IUD2I-
III Z
I-O
2 Q
IU5 OC
Ul 44
I
CO
g OI
I- K
III IU
g
LU
eK
Oo
Z
LU
2+a
UI O
Z IU
I- O
OZ
I- IU
L0 K		 0
0
Ol
Ol
I4.'
Ul0
E0
Cl
CO
4l00
CO		 '0 Col
Ol
Ol0.
0
m col
00
C
0
Ot0
c- Col
CN0
m		 o
lA
CO		 CO
O
CO		 CD
IA
CO
AL		 Ol
CO
CO
I
O
l
Ol		 o
lo
Cl
IA
CO		 o
CO
Olo		 CO
co
CD
CV		 o
Cl
CA
CO
CA		 CO
CO
COo
CD
CCo
Ul CE CO
IUzI- I
IU
OW
2 LUZI-		 m
0
C ~S
m
Dl
'U		 CO o
N0 CNE IL
Tll
C O
CO CO
Ol
CO
C0
L
CL
00		 j
Ol
m
C
(g		 '0
0
.Ul
Ol
ol		 mNN
Ol
I
ClA
CD
mI-		 CR
C
U
CO		 0 U
m
(OUC
Ul
C
Dl
'U		 j
o
I-		 CI
40
N
g
4!		 0
C
Nc
m
U
m
m
C
0
Cn
cocL		 '0
Cl
O
jI0
I		 III CO
0
CO
CO2
0
m
C		 Ol
c
O
oI-
CC
cue
'O
do 0C
E o
O
tu
O		 IP De0
N
E
Cl
Cl
D
0E
0
Clp
IS
0
IUI-
Z
Z0
OZ0
Z
Z
ILO
DZO
Z
CJJ
Ci
Ul
CO
IUZI-		 O
IUDZI-
CO Z
I- O
Ul O
Z ec
UJ
CC
I o
g DI
I- IJ.'
CJJ Ill
IQ
IUO
IU
CI
Ul EL
IU
OZ
I- IU
CO R
I
IJI
IU 4
O 0-
Z IUZI-
0		 IG
'Cl
C		 0
N
ul
0
h0
5
'D
Yl
IA
Yl
N
lu
Gl
1P
CC0
tl=
00
CS
00
Yl
Gl
8
I0.
Ct
6I
C
Ct
IS
OC
CGeD
Cl		 E5
Cl
IPCC
tni-
0 )'
'2g
L N
Ct 'D
e
C SS
'N E
0 0
D to
0
0
C C
Cl 0
C
cu0
0
IP
IP
.0 ul
LE 0
0 '0
CP
C
E
ut O
e
ul
Iu
Ct o.
a/
Ct
'D JI
C C
aR
CP
Gl
CL
NE
0
0 0
5 C
N
Ill
I a
D e
r p
cu cC
N
OC
)e CD
D 0
ut
G Be
N
—0 E.0
E0
0a
IG 8 tu
CIC 0
IS '
ICD
D GLSI
c '5		 0
h0
IP
0
IP
CL
Ct
'D
LL
Ee
Cl
CS		 DC
IL
0
N00
N
ClZ0
I-		 'E
Iu
Cl
0
IS
IS
0
OtL
CG0
Le
GI
DC
Gl
Cl'0
ut0
ELI
OC
Clt0
CS
E
0
13
Cl
Iu
Cl
c GI
IS .
IS
'O O
e o
e
YLI
Gl
CG
ED
0 g
0 0
0 0
Ol
o 0
GP E
8
.E o
4C%g
Eo
CCI
IG
Gt
Gt
D-
C
Gl
IL DL
Gl
C0
0 D
0 0
N -I
0 0
0 c
N 0
0 p
0		 Z
Gl
8
Gl
'D0e00
IPE
00
Cl
'D
IP
N
Cl
Cl
Iu
Ct
C0
1PC0
0
e
FL
Ba
0
0
E
IS
Ct
Co
u0
Cl
c e
CG
0-
IS
'C0E c
Z
0
g
N
e
etc—
YP
0
C
IS
CS
0
Ol
LE
IG
CP
00 GI
ao
0
CCI
I—
0
CP
g D
EE
Gt
IG
IC
CSe OlL
c 0
N C
'oc TL
Ct II
L 0
N
N
pe
0aa
(S
ul 0
0—
E a
IC 0
a 0.
cu
Gl
OC O
0 Ol
0
C'
E CE
0
Gf
ap
ulDe 0
'D 0
tu
ttj0
e '0
Xl
O JP
Ch
O
cE GGC
Cl
e c
E ~)
80
IC00c OC
CV0
CI		 Cll CO0
CD		 LA
LA
ID		 CO
IO
0		 C«l «C
Oi
LO		 LA
IA
LA
C«l		 CO
CD
0
LA
LA
CO
CC
N
4I5
0		 e
0		 C«C«
CD
I
LA
P
Cl
SL		 CLI C«l
Cl
CO		 LO
Ol
LA
C«OI
CA
CA		 CI
C«l
Ol
CO
LD		 CD
CC
CD
CO
CD		 CI
CLI
CA
CA
CD
CA
I-
O
Ul
O
IUI-5
Z0
CIZ0
Z
ZoRDZo
ZN
O		 ZI-
N Z
I-O
Zo
Ul2 OC
UI
OC
I- C0
g
CLC
I- IL
N IU
g m
oo
Z IU
Z+a
T
U- Co
UI O
Z IU
I- O
OZ
I- IU		 IO '0
0 0
0'0
0
0
IOO X
4I
CO Cl
C 4I
L
00
0 0
Cl
c e
«C«I
w
OC
IC c
4I
IC
0 0		 CII
CII
CII		 CD
I
IA
CA
CO
LO
I
C«l		 CC
CO
I		 LA
IA
LO
LO		 CO
ct
ID
Ol		 IA
IA
LA
IA
C«l
IA
IO		 I
CLI
IA
CO
CO
L«I
Ci
CD		 IA
CD
CO
CO
CO
IU
IUZI-		 N
IU
I
0
Z		 OC
c(
IU
0-
IUZI-		 CC
CC
IKI
K0
13
LL
CA Cl
0		 '0
Cl'0 0E IL LI-
B Cl
CA		 0 m P
IC
Cl		 Cl
W		 O O
L
hO
0
0
O		 8 0
LC0		 '0
Cl
LC
0
0		 ID
Cl
TJ0
«=
Cl
«D
'CD		 0
'CC		 I- 14
4I
IC		 00
O		 00
«I00
«C		 LD
LD
P
0
P-		 o
I-		 c
4I
o
c
IU		 L0
IC
pe
c
I-
EII
EO Dle"
Cl		 EII
EO Dle"
Cl		 EII
EO Dle"
Cl		 EO
EO		 CI
I
DE		 EA
IA
EO
CD		 ED
'cF		 DE Cl EO
OI
0
Cl
C		 I0 CE ED
CII		 EEI EO
EEI		 EA
IC0
UI
~ '0
+00
Cl
0
IO 0
0i 0
CC 0
0
IC
0		 Ell I 'll
I		 CI
CI
'll		 CI
CI
nl0l
Cl O EO
IAO
0 DE EO
0 I-
O
IUI-		 CO
I-
UJ		 UlDZI-
Z
O
O		 IC
0
0		 '0
Cl
'00		 0
IO
ClO		 CI
EO
EA
ED
CI		 C)O ED
ED
EO
EA		 lt
EO
CI
ED
Z0
OZO
Z
Z
KO
DZO
Z		 IU
CV
I
DI
I0 IU
~ UI
O O
Z IU
Z+a
0- IA
UI O
Z IU
I-O		 0I
0
~-
~
IC		 0
tC
LI
l-
CV		 EII
EEI		 CE
IA		 IA
EO
O		 IA
OI
IA		 CE
ED		 CI
EO		 O EEI
EEI0
Cl
Cb
40
Q
IU		 OZ
I- IU
N IR.'		 Ell
0
0
Cl		 EC
D		 EEAI DE ED
CE		 ED OE
EA
EEI		 EA
EEI
g
IUxI-		 IU C(
I
IU
OW
Z IUZI-		 EC
El
IL0
C ~S
U
EA
c
0
l3		 m
C0
E
Cl		 'OL
IL
0
I
Cl
Cl
I0		 '0
C
(3		 8
0
7p '0
P(
C
'0~8
OI
EEI J3
C
g I-
EXI
0		 8
I0
0
0		 0
0		 EO
C
0
O
Eh		 Cl
'P
0
CC
c(		 0
0
I-		 D
O
C0
III
III
C Z
g 0
0
Ol-
IU		 0
0
4
IS0I-

21 Analysis 21 Analysis of net assets between funds of net assets between funds
Group
Unrestricted Restricted Endowment Total
funds funds funds funds
General Restricted Endowment 2022
E E E E
Tangible fixed assets 475,575 475,575
Fixed asset investments 1,107,548 3,037,664 4,145,212
Current
Current		 assets
liabilities		 264,009
~((0,328		 264,009
~1(0,328
Total net assets 1,736,804 3,037,664 4,774,468
Unrestricted Restricted Endowment Total
funds funds funds funds
General Restricted Endowment 2021
E E K
Tangible fixed assets
Fixed asset investments
Current assets
Current
liabilities		 442,782
1,246,653
351,073
~72(,804		 2,651,419 338,845 442,782
4,236,917
351,073~
~
Total net assets 1,918,614 2,651,419 338,845 4,908,878
Charity
Total funds
Unrestricted Endowment at 31
funds Restricted funds December
General funds Expendable 2022
E
Tangible fixed assets 475,575 475,575
Fixed asset investments 1,107,648 3,037,664 4,145,312
Current
Current		 assets
liabilities		 258,487
(118,419(		 258,487
~((8,
9
Total net assets 1,723,231 3,037,664 4,760,895
Total funds
Unrestricted Endowment at 31
funds Restricted funds December
General funds Expendable 2021
E
Tangible fixed assets 442,784 442,784
Fixed asset investments 1,465,003 2,433,169 338,845 4,237,017
Current
Current		 assets
fiabilities		 384,477
~((0.023		 384,477
~(10923
Total net assets 2,181,341 2,433,169 338,845 4,953,355