FRIENDS OFTHE GOETHE-INSTITUT LONDON Trustees, Combined Report and Summarised Financial Statements for the year ended 31 Dember 2020 The aims of Friends of the Goelhe-lnslilul London are the advancement of the arts. culture, heritage and science and the advancement of education in the language, arts, culture, heritage and science of Germany for the benefit of the public in the United Kingdom through providing 8UPPOrt lo the promotion of German language, arts, cutture. heritage and sclence and general international cultural cooperation. GOETHE INSTITUT +> Bayern LB #PAN MACMILLAN SIEMENS trhr&fr- Company No. 10545257 . Registered Charity No. 1180177
Contents Contents Directorfs Report...................................................................................................................................... Objectives and Aclivities......................................... Public Benefit....................................................................................................................................... Grant Making Policy .... Achievements an(J Performance 2020........................................................................... Virtual Work Experience.. Podcasting Project...................................................................................... Financial Review. Overview..................................................................................... Sources of Income................................................................................ Expendilure..................................................................................... Transactions with Trustees and related parties........................................... Reserves Policy..................... Risk Policy........................................................... Plansforfulure period8........................................................................... Slruclule. governance and management.............................................................................................. 10 Reference and adminislralive delails.......... 11 10 Private Company Limited by Guaranlee.................... Registered Charity.............................................-............................ Registered Address..........................................................,............................. Trustees and Directors. 11 hAembers..............,. Slalemenl of Trustees, responsibilities. Addendum.. 12 Statement of financial activities for the year ended 31 December 2020 Independent examiner's report
Dlrector's Report In 2020, the Friends of the Goelhe-lnslitul London continued their aclivilies, following the foundation of the charity in 2017 and launch of ils fir8t projects in 2018. The Friends are dedicated lo supporting projects of the Goelhe-lnslilul London in line with the Goelhe-lnslilul London's strategic goals. In 2020, due lo the Cowd-19 pandemic, the Goelhe-lnstilul had lo make some adjustments lo the projects il was able lo run. The projecl"Foolball Conne¢ls" which for years had been providing travel and educational opportunities for young people from the Greater London area with aspirations in careers in the world of football, had lo be cancelled. Applications for the 'Work Shadowing in Schwabisch Hall, projed had risen sharply from initially 9 in 201710 nearly 200 in 2Q20. This increase in applications is a clear indicator of the success and leach of the programme. 11 also raised discussions amongst the Trustees of the Friends of the Goethe- Inslilul London of how the project could be expanded lo include a larger number of participants. Due to reslriclions imposed as a result of Covid-19, the week-long trip lo Schwabisch Hall in October 2020 had lo be cancelled. In ils place. the Goelhe-lnslilul London offered 20 successful applicants an atternalive in the form of an online work experience by taking part in a week long podcasting project. For four and a half hours a day the participants immersed themselves online in 8 German environment. complemented by lectures from inspiring German speakers. Each day was dedicated lo specific topics and podcasting workshops, Culminating in the production of 3 podcasts entitled.. S8g's Mir.. Kullur (Cullurel, Sag's Mir.. Politik (Politics) and Sag's Mir.. MINT ISTEM) The project proved extremely successful, as could be gleaned from the feedback. As one participant pul it. 11 was an incredible opportunity to nol only improve my German language skills, but also leam about all asp8cls of Germany Ihrough some inspiralional G8rman laainers and native Speake1. Whth the aim of Teaching a larger audience, the Goethe-lnslilul London also presented a pilot online programme to the Friends of the Goelhe-lnslilul London.. A cooking show enlilled"Green Sauce", where young people in both the UK and Germany were invited lo meet online. The programme was led by influencers from both countries and encouraged cuttur81 exchange and understanding via the plalfom of an international cooking show. The pilot show in December 2020 was allended by 30 partlclpants and attracted 4726 vlews online. Wlth further development and addltlonal shows planned for 2021 we expect even higher numbers in the future. To ensure the long-tem sustainability of the projects. the Goelhe-lnstilul continues lo organise annual alumni meetings. These provide the alumni with the opportunity lo keep in touch wilh ea¢h other an with the Friends of the Goelhe-lnslilul London. The participants are encouraged lo share their experiences with their peers and so promote both language learning and cultural exchange. l am sure the 150 young people, who lo dale were able lo experience life and work either abroad or in a German speaking environment online, would agree that these projects are indeed a successful and valuable opportunily, made possible through the support of the Friends ol the Goelhe-lnslilul London. We remain impressed by the outcomes of the projects so far and we are convinced of their merits. The increase in th& number of applications by far exceeded our expectations and is proof ol how far reaching these projects have become. We hope lo increase this by offering online experiences, such as the podcasting workshop described above. We intend lo continue to support such projects. Promoting youth mobility and interculluial undeislanding will be even more Televanl in a posl-Brexil Britain. I hope these highlighted activities will reassure readers about the relevance of the Friends of the Goelhe-lnstilul London and the importance ol ils ongoing success. Dr Kalharina von Ruckteschell-Kalle
Chalr. Board of Directors Objectives and Activities Friends of the Goelhe-lnslrtul London aim lo make al least a small difference and lo pursue the greater good. They aim lo do so by supporting specific projects of the Goethe-lnslilul London. The Goethe-In81ilul London's goals include promoting international cultural cooperation, as well 8S science and research, education anLI schooling, art and ¢ukU, and understanding between peoples in Germany, Europe and the world. This sits well wlh the Friends of the Goelhe-Inslf(ut London's objectives which are enshrined in their Articles of Association as being.. 'Ihe advancomenl of the arts, culture, heritage and science for the benefit of the public in the Unitad Kingdom through providing support lo the prDmolion of German langL¢age, arts, culture, heritage and science and general international cultural CODperalion, including the provision of programmes. events and activities related thereto.. and the advancement of education in the language, arts, cuure, heritage and science of Germany for the benefit of the public in the Uni(ed Kingdom through providing support lo the promotion ol German language, arts, culture, heritage and science and general international cultural Cooperation, including the provision of programmes, events and activities related Iherelo" The Friends dedicate their budget lo projects suggested by the Goelhe-lnslilut London, which they select, discLtss and amend. Belief In the Goelhe-lnstilul London's pursuit of the greater good was the reason lo found Friends of ihe Goelhe-lnslitul London. The Friends aim lo continue funding specific proje¢ls of the Goelhe-lnstilul London in the intermediate and long-lerm as they see fil. unless the Goelhe-Insif(ut London significantly changes ils aims. Public Beneflt Fri¢nds of the Goelhe-lnslilul London ensure that their work is for the public benefit and torresponds lo the published Charity Commission guidance. Friends of the Goelhe-lnslilul London support projects of the Goelhe-lnstitul with grants that Tepresenl identifiable benefits and that are available to all eligible membeis of the public. They satisfy the primary charitable puipose of the advancement ol the arts, culture, heritage. Scien and education. Grant Making Policy Friends of the Goelhe-lnslilul pursue their charitable purposes through the awarding of grants to the Goelhe-lnslitul London and possibly other charitable organisalions in the future. They adopted a Grant Making Policy on 18 April 2019 Idocumenl attached).
Achlevements and Performance 2020 The Charity's aims include promoting inlerllalional cultural cooperation, science and research. education and schooling, art and culture, as well as understanding between peoples in Germany, Europe and the world. To achieve these goals the Friends continued lo award the Goelhe-lnstilul London two grants for projects in 2020. As in the previous year, the grants were intended lo fund the prqecls'work Shadowing in Schwabisch Hall" and 'Futsball Verbindel l Football Connects Both projects went through the initial planning stages in 2020, with nearly 200 applications for the work shadowing project received. The candidates for Football Connects. would have been nominated by the Goelhe-lnslitul's partner Arsenal FC through their initiative Arsenal in the community". Unfortunately, both projects, including a return visit by members of the FC Cologne lo London, had lo be pul on hold dug lo the Covid-19 pandomi¢. In their place the Goelhe-lnslilut London devised two pilot projects which were introduced to the 'Friends" in their last board meeting of the year in November 2020. Virtual Work Experience: Podcasting Project The 5 day workshop was attended by 20 students from across the country lo gain insight into the world of work in a German-speaking context To provide participants wrth experience of working in a virtual team through a new creative podcasting project of the Goeth&lnslilul London. To explore the cultural and economic links between Germany and the UK and emphasise the importance of German in the world ofwork. To create an immersive online oxperience.. about 4.5 hours of German a day, not only via a podcasting cooperation, bul also through a complementing series of lectures. Lectures from inspiring Geman speakers were used lo not only inlroduce a wide variety of career pathways. bul lo also introduce participants lo the topics of discussion and interview partners for the afternoon podc8sling project. During the week. the participants produced three episodes of the podcast named "Sag's Mirf,: Sag's AAir.' Kullur Icullurel Sag's IAir.' Poli(ik Ipolilicsl Sag's Mir. MINT (STEM} The episodes were published on the website of Goelhe-lnslilul London on the page of the Friends of the Goelhe-lnslilul London, together wilh the texts and cover art, designed by tho participants. The production offurthei episodes with different teams of students were planned and executed in December 2020, The project was received extremely positively by the participants, who reported how much the experience had benefilled them in a number of ways.. "My work experience wilh the Goethe-lnslilul has been one of the best weeks of my lrfe. 11 has slrenglhened my love for German and my desire lo study it al unwersily. I leaml so much and my confidence in speaking Gemian has definitely improved, especially in subjects that I dn t feel as confKlenl in before. All Ihe speakers We exlremelyhelpful and were always willing lo answerqueslions and their paSSn for the German languag8 and their sp&cialist are&s w&$ clear to se8, making presenlalions clear and engaging. One of Ihe highlighls was obviously creating our new German podcast, °Sags Mirt and gelliijg to meel and InteIeW such amazing guests, who all had a variety or different expernCeS and stories lo tell. 11 was really inspiring, and I've leamt a lol from everyone who
Ibe got to meet. Allhough il was virtual. I slill got lo make really good friends with a lol of people, 8nd hopefully we can all me&1 in person in the Tulure.. The alumni meeting for the Sehwabisch Hall Work Shadowing, which had been planned for June 2020. also had lo be taken online due lo the Covid-l9 pandemic. As in previous years, the meeting was well attended by both alumni and some of their teachers and parents or carers, members of the Goethe- Instilul London and one of the Iruslees of the Friends of the Goelhe-lnslilul London. The next alumni meeting is planned for June 2021.
Financial Review 1. Overview Friends of the Goelhe-lnslilvl London were founded in 2017 and began their activities in 2018. The Charity's sole source ol income in 2020 were membership subscriptions lolalling £30.000.00. In 2020, the Charity spent funds on charitable activS1ies awarded in 2018 for proje¢ls carried out in 2019. Payment for these projects fell due in 2020. Funds awarded in 2019 for projects lo be carried out in 2020 were not taken up, as all 2020 projects had to be cancelled as a result ol the Covid-19 pandemic. The Charily continues to keep any administrative and governan costs lo a minimum and had, for example, no expenditure on personn¢l, remuneration or premises.11 tries lo spend as much as possible on charitable aclivilies. 1.2. Sources of Income The Friends of the Goelhe-lnslitul London's income and gains in 2020 derived exclusively from their membership fees. The income amounted to unreslricled funds of £30,000. 1.3. Exponditure The main expenditure were grants made lo the Goethe-lnslitul London. These grants were intended for two projeds.. Work Shadowing Schwabisch Hall 2019 and Futsball VerbindeVFoolball Connects 2019, costing £35,487 in Iolal. The grants were committed for the projects taking place in 2019 and paid out in 2020. Grants were also commilled for the same projects for 2020. However, due lo the Covid-19 pandemic, the agreed 8clivilies had lo be Canlled and consequently no grants were made in 2020.
1.4. Transactions wlth Trustees and related parties None of the Trustees have been paid any remuneration or received any other benefits from any employment with the Charity or a related enlily. The Trustees neilhel receive any reimbursement of expenses incurred in allending meetings. No Trustee expenses have been incurred, Transactlons urkdertakgn by the charlty in which a related party has a material interest., The Charity's chair of the board of director is also the director of the Goethe-lnstilul London. However, all decisions benefiting projects of the Goelhe-lnslilul London were taken unanimously among the other Iruslees. Namè ofthe Trustee or related party Relation- ship to the charlty Descriptlon of the transactions Amount Balance at period end Provi- sion for bad debt at perlod end Amounts wrltten off during reporting period Dr Kalh8rin8 von Ruckleschell -Kalle Director of the Goethe- London and director of the Charity Member of the Charity Goethe- The charty awarded grants lo the Goelhe-lnstilul London. London The grants were gianled only after the other Trustee8 were satisfied that the projects mel the Charity's objectives and they could amend the project proposals. The reimbursements were only agreed on after thorough examination. The Articles of Association of Friends of the Goelhe-lnstilut London provide for conflicl of interest clauses and proceedings safeguaTding the independence of the Charity. The director of the Goelhe-lnstilul London also cannot benefit personalty from any projects the Friends of the Goelhe-lnslitut London should decide lo support. She does not re¢eive any fee, premium. bonus orany sort of reward forlhe Inumber ofj projects, which receive funding. She is employed by the German association Goelhe-lnslilul e. V., which itself is a charitable organisalion under German law and her contract of emplDymenl does not permit any 5Ltch benefit. The director of the Goelhe-lnstilul LonLlon in her capacity as Trustee of the Charity is obliged lo declare any interest she may have in her capacity as Director of Goelhe-lnslilut London in any proposed Iransaclion and the remaining three ull-conflicled Trustees, who do not have any links lo the Goethe- Inslilut London may, where appropriate. aulhorise any conflict arising in this context. In any event, the un4onllicled Trustees have sufficient voting power to object lo any proposed resolution which may be perceived as questionable as far as the independence of the Charity is concerned. The Trustees are therefore confident that any decisions with respect lo funding of the activities of Goelhe-lnslilul London {provided Ihal such a¢livilies accord wrf£h the Charity's objects) are taken independently from any influence from Goethe-lnslilut London.
1.5. Reserves Policy Given the Charity's lack of fixed assets, lack of mid or long term liabilities, lack of personnel or inventory and given ils only current as5els being cash al bank, the Trustees agree that there is no ment in idenlifying artr optimum level of free reserves al the moment that might be readily available if required. The Charity Is not exposed lo any probable or imminent credit, liquidity or market risks. However, the Trustees will respond appropriately to spending needs identified as and when circumstances arise. 1.6. Risk Policy In discharging their responsibilities for the management of risk, il is the policy of the Tfuslees to identify, an&Se and seek lo manage any risks lo the ability gf the Charity tg carry out ils role effectively and meet the obligations of its governing document. The trustees review risk in ils broadest sense and consider anything that might alter or undermine tho ¢apa¢ily of the Charity to fulfil ils charitable objectives.
Plans for future periods The Charity plans to grow and allracl new corporate members wtlh lies lo Germany willing to further the Charity's objectives. In the coming years the Charity wlshes lo strengthen the bonds created between young Brillsh slurjenls and German students, Germany and the German language by funding alumni meetings. One aspect of these meetings will the opportunity for the alumni lo exchange information with the Friends of the Goelhe-lnslilul London regarding internships and future work placements. The Charity also plans lo enable further students lo participate in such programmes. Friends of the Goelhe-lnslilul London want to further focus on promoting youth mobility and inlercullural understanding in the future. Structure, governance and management Friends of the Goelhe-lnstilut London are consliluled as a private limited company by guarantee. Its governing document is ils Articles of Association dated 3 January 2017 amended by special resolution on 27 September 2018. Friends of the Goelhe-lnslilul London shall have al least three individuals al one time who seNe as Iruslees. The Trustees manage the business of the Charity and exercise all the powers of the Charity, unless they are subject lo any reslriclions imposed by slalutory law. The Charity's four Trustees are currently running day lo day affairs with no delegation lo a secretary or commissions. The Trustees are satisfied that the constilulional documents, as draft8d, provide for an appropriate mechanism lo address any potential ¢onflicl of interest arising in this context. The Articles of Association of Friends of the Goelhe-lnslilul London provide Ihal a Trustee musl declare the nature anLI exlenl of any interest, direct or indirect, which he or she has in a proposed transaction or arrangement with the Charity 01 in any transaction or arrangement entered into by the Charity which has not previously been declared. A Trustee musl absent himself or herself from any discussions of the Trustees in which it is possible that a conlli¢l will arise between his or her duty lo act solely in the inlergsls of the Charity and any personal interest lincluding but not limited lo any personal financial inleresll. If a conflict ol interest arises for 8 trustee be¢ause of a duty of loyally owed to another organisalion or person and the confticl is not authorised by virtue of any other provision in the Articles, the un-conflicled Trustees may aulhorise such a conflict of interest under condition5 Sel out in the Articles of Association such as that the conflicted trustee does not vole on any such mallers and is not lo be counted when considering whether a quorn¢m of trustees is present al the meeting. The quorum musl never be less lfyan iwo, and unless otherwise fixed is two.
Reference and administrative details Private Company Limited by Guarantee Companies House Registration No.: 10545257 Registered Charity Charity Commission for England and Wales Registered Charity No.= 1180177 HM Revenue and Customs Charitiès Reference No.. ZDOOO87 Registered Address clo Goelhe-lnslilul London 50 Princes Gale, Exhibillon Road London SWT 2PH Iriends-london oelhe.de Trustees and Dlrectors Ms Sabiina Mercer Dr Katharina von Ruckleschell-Katle, Chair Mr Anthony Forbes Walson Mr Christoph Denis Weaver Members Goelhe-lnslilul London Bayern LB Pan Macmillan Siemens plc 11
Statement of Trustees, responsibilities The Trustees are responsible for preparing the Trustee's annual report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel, including FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Charity law requires the Trustees lo prepare financial slalemenls for each financial year Ihal give a true and fair view of the stale of affairs of the Friends of the Goelhe-lnstilul London and of the incoming resources and application of resources of the Charity for the year. In preparing those fi'nancial statements the Trustees are required lo.. Select suitable accounting policies and then apply them consislenlly., Observe the methods and principles in the Charities SQRP., Make judgements and accounting eslimales that are reasonable and prudent., Slate whether applicable accounting Standards have been followed.. Prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in business. The Trustees are responsible for keeping proper auntIng records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial slalemenls comply with the Chaiilies Act 2011 and regulations made Ihereundor. The Trustees are also Tesponsible for safeguarding the assets of the Charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenancè and integrity of the Charity. Legislation in the United Kingdom governing the preparation and dissemination of the financial slalemenls and other information included in annual reports may differ from legislation in other jurisdictions. This report was approved by the Trustees on 22.07.2021 and signed on their behalf by.. Dr Kalharina von Ruckteschell-Kalle Chair Board of Directors of the Friends of the Goelhe-lnslitul London 12
Frlends ol the Goethe Instltut London statement of flnanclal actlvhle5 IlncoTpor3tln8 in Incomeal expendltureaccountl Furthe year ended 31 December 2020 2020 Total fund 2019 Note UnSEr1rted lund Restrlrted fund Unrestrl¢ted fund fund Total fund Income from.. Donation5 and 8ift5 30,000 30,000 35.OD) 3500 Total Incorne lo00 30.000 35,0(K) 35,000 EXpendItu on.. Ch4rlt4ble a¢tlvltle$ Grant making SupportC05ts Sundry expenses Aceountants FÈe 35.467 35,467 78 600 46 46 600 Total expendlture 678 678 35.513 35,513 Net In¢omellexpendlturel 29,322 29.322 15131 Transfer behveen fut)d Net movement In funds 29.321 29.322 Retonclllathn olfunds-. Total funds brought furward 2,513 2,513 3.026 3.026 Total lud$ tattled fonard 31,835 31,835 2.513 2.513 All of the above results are derlved from contlnuln8 actlvltle5.Thpre Vre noother reco8ni5ed 8aln5 or1055e50therthan those stated above. Movement5 in fund5are di5cIoSEd Note 5 tothe flnancial statements.
Frlends of the Goethe Institut London Company no. 10545257 Balance sheet As at 31 Defember 2020 2020 2019 Note Current a$5ets: Cash at bank and In hand 32,435 37,986 32,435 37,986 Llabllitle5: Credltors.. amounts falling due wlthln one year 600 35,473 Net current assets 31,835 2,513 Total assets less current Ilabllltles 31,835 2,513 Totsl assets I Illabllltlesl 31.835 2.513 The funds ofthe charlty: General funds 31,835 2,S13 Total unre5trlcted funds 31.835 2,513 Total ¢harltyfunds 31.835 2.513 Forthe year endlng 31 December 2020 the company was entltled to exemptlon trom audlt undersectlon 477 01 the Cornpanies Act 2006 relatlng to small companle5. Trustees. Responslbllltles: - The member5 have not required the company to obtaln an audlt of It5 financial statements for the year In que5tlon In accordance wSth sertlon 476 - The trustees acknowledge thelr responslblllty for cornplyln8 Wlth the requlrements of the Act with re5pectto accountlng records and the preparation of flnanclal statements. These financial statements. whlch have bÈen prepared in accordance wlth the speclal provisSon5 relatlng to the small companles reglrne wlthln Part IS of the Companles Att 2006 and In accordance w5th the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectSve l January 20151, were approved by the 8oard on..................... and signed on Its behalf by.. stee Name.. Dr Katharlna von Rud(teschell-Katte Date..
Friends of the Goethe Institut London Notes tothe flnanclal statements For the year ended 31 December 2020 l Accountln8 po15des al Basls of preparation The financial statements have been prepared In accordance wlth Accounting and Reportlng by Charitles.. Statement of Recommended Practice applicable to charities pparing their account5 in accordance with the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 1021 (effective I january 20151- Icharltles SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 and the Cornpanles Act 2006. Assets and liabllities are Inltlally rectsgnlsed at hlstorlcal cost or transaction value unless otherwise stated in the relevant accounting pollcy or note. The financlal statements have been prepared to gfve a'true and falrf vlew and have departed from the Charlties (Account5 and Reports) Regulations 2008 only to the extent required to provide a'true and fair view,. Thi5 departure has involved following the Accounting and Reporting by Charitles.. Statement of Recommended Practlce applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 Issued on 16 July 2014 rathèr than the AccountiThg and Reporting by Charltle5.' Statement of Recommended Pract¥ce effective frorn l April 2CX)5 which has since been withdrawn. bl Publlc benefit entlty The charity meets the deflnltSon of a public benellt entlty under FRS 102. tl Golng concern The trustees consider that there are no material uncertainties about the charitable companls abllltyto contlnue as a golng concern. There are no keylud8ements that the ch8ritsble company has made whlch have a sSgnlllcant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have signlficant risk of causlng a material adjustment to the carrylng amounts of assets and liabilitles within the next reportin8 period. dl Income Income Is recognlsed when the charlty has entltlement to the funds, any pèrformance cond5tions attached to the Income have been met, it Is probable that the income will be received and that the amount can be measured Incorne from government and other grants, whether'capital, 8rants or'revenue, grants, Is recognlsed when the charSty has entitlement to the funds, any performance conditlons attached to the grants have been met. It Is probable that the Income will be retelved and the amount can be measured reliably and is not deferred.
Frlends of the Goethe Institut London Notes to the financial Statements For the ear ended 31 December 2020 l Accountlng pollcles IcontlnuÈdl el Fund accountlng Restricted funds are to be used for gpeclllc purposes as lald down by the donor. Empendlttsre whlch meets these criteria is charged to the fund. Unrestrleted fund5 are donations and other Incomlng resource5 received or generated for the charltable purposes. Designated funds are unre5trlcted fund5 earmarked by the trustees for partlculai purposes. Expendlture Expenditure is recognlsed once there is 3 legal or constructive oblSgatlon to m3ke a payrnent to a third party, it 15 probable that settlement will be required and the amount of the obligatlon can be measured reliab. Expenditu¥e Is classified underthe following activity headlngs.. Expendlture on charitable activities includes the costs of activities of grant makiag undertaken to further the purpts5e5 of the charlty and thelr assoclated support Costs Support costs include the c05t of overall dlrectlon and admlnlstratltsn of the charity's activities, comprising the overhead cost5 of the central function. Other expendlture represents those items not fallin8 into any other headlng 81 Cash at bank and In hand Cash at bank and cash in hand Includes Cash ènd short term hSghly Ilquid Investments wlth a short maturlty of three month5 or less from the date of acquisltion or opening of the deposit or slmllar account. Cash balances exclude any funds held on behalf of service users. hl Credltors and provlslons Creditors and provisions are recognised where the charity ha5 a present obligaiion resulting from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated rellably. Credltors and provlslons are norrnally recognised at thelr settlement arnount after allowlng for any trade dlscounts due. 11 Forelgn Currency translatlons Transactions In Foreign curTency are recorded at the rate ruling on the date of transaction. Monetary assets and li3bilities denorninated In foreign currencles are translated at the rate ruling at the balance sheet date. All difference5 tsken to the statement of flnanclal actlvfties. 2 Income from donètlons and leycies 2020 Total 2019 Total Unrestricted Restrl¢ted Membershlp subscrlptlons and 5pon501ships 30.000 30,000 35,C 30.000 30,000 35,000 Membershlp subscriptions and sponsorships are in substance donatlons. All Income is unre51ricted
Frlends of the Goethe Instltut London Notqs toth• flnanclal 5tat•m•nts FDrthe rended 31 December2010 Giartt malEinK 202 Z019 To Instltutlons and (tharli5 Work Shadowlng Schwablsth Hall Ipiomotlng tea¢hlnE and learnlng of German In schoo15 In the UK) Fvsball VerblndetlFootball Connect$ 2019 Ipromoiing5POrts educatbn and careers Sn the 20.459 UK) 15.Tr)8 Totsl grant5 made 35,467 TheBrants pald out In 2019 lawarded In 20181 werE pald toGoethe-In5thtutLondon lo facllltate prolectsthat prornote and fadlltate youih moblllty, Intercultural understandlng and languzge tsca110n, i.È. ftsrelgn lan8uagÈ skllls The Charity h45 8*umed Its artIwtI In 2018 and has not pald anyfee5foran indepEndent examlner. In orderto maximisefunds avaIlabfOr charltable ptsrposes and due to Itssmall SIZE the Charity dld not have any ptrsonnel in 2019 and 2010. Ilelated pirtytrnrtsarttons The charity trustEE5 were not paid or received anyother benefits from employmentwith the rharity in theye?r12019.. Énlll. Nocharity trustee recelved payrneni for professlonal orother senAces wpplled to the ¢harity12019.' Enlll. There was no paymentgrreimbursErnEnt uf travEI and sub5i5tence cost5 to a trustee5 duringtheyear12019'. nlll. No tru5tEe or othei person related to thecharlty had any personal interest in any contractortran5action entered into bythe charity durlng the yearl2019.' nlll. Credrtors.. amounts lallSngduÈwlthlh one ¥e•r 2010 2019 Accruals 6QD 35,473 35,473 Movemenisln fund5 In¢omln8 Outgolni resourtes & re$ourees & 8alns lo¥es lthlan.20 Transfevs JI.D.10 lknrastr1rt funds.. Geneval funds IS13 30.OQO 3L835 Total unr•strltted lunds Isla ao.ooo 3L835 Total fuhd5 2,513 30,000 31,835
Friends of the Goethe Instltut London Note5 to theflnandal #atomgnts For the ar ended 31 December 1020 Movémnts In funds Icontlnuedl Incomlng Outgvin8 resources & re50urce5 & losses l-Jan-19 Transfels 31-Dec-Lg General funds 3.026 35,000 135.5131 2513 Totsl unre#rlrtedlund$ 3,026 35mO 135.5131 2,513 Pgnslon re$•Ne Totsl funds 35,( 2,513 Stas0f the tharlty The charftylsa mpaThy Ilmlted by guarantse Iregi5tered In England and Wales number 11801771 and ha5 noshare capital. The Ilablllty of each member In the event oFwlTrJln8up Is Ilmlted to £1. its reglstered 8ddre5515 50 Prlnces Gate, Exhlbltlon Road, London,Unlted Kingdom, SW7 PPH.
Independent examiner's report to th& trustees of Friends of the Goethe-lnstltut London Charitable Company I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 December 2020 Responsibililies and basis ofr8port As the charlty's Iruslees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requlremenls of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts of the company are nol requlred to be audited under Part 16 of th& 2006 Act and are eligible for independent examination, I report in respect of my examination of your chaiily's awounts as carried out under section 145 of the Charities Act 2011 Ilhe'2011 Act'l. In Carrying out my examinatson I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 ACL Independent ex8minerfs report I have completed my examination. l Confirm that no matters have come lo my allents'on In connection with the examination giving me cause lo believe.. 111 accounting records weTe not kept in respect of the company as required by section 386 of the 2006 Act., or 121 the accounts do not accord with those accounting records., or 131 the accounts do nol comply with the accounting requiromgnls of 8e¢lion 396 of the 2006 Act other than any quirement that the accoull15 give a 'lrue and fair, view which is not a matter considered as part of an independent examination., or 141 the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended practice for accDunling and reporting by charities lapplicable to charities preparing their accounts in accordan with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 10215. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In Ihls report in order to Bnable a proper understanding of the accounts to be reached. Signed.. Name.. Edwaid Pickerie)g Chartered Instilule of hKanagementAccountanls Address.. 3 Headland Way, Linglield, Surrey, RH7 6DH Date.. 16 June 2021