Registered Charity Number 1185236 sKr NICKOLAJ DANISH CHURCH CIO FINANCIAL srATEmES Period ended 31 DECEMBER 2025 Phoenix Accountsncy and Business Consultancy limited
sKr NICKOLAJ DANISH CHURCH CIO Charity No: 1185236 Contents to the Financial Ststements For the period ended 31 December 2025 Page Trustees Annual Report Independent Examiners, Report Receipts and Payments Account 10 Statement of Assets and Liabilities 11 Notes to the Financial Statements 12-13
s NICKOLAJ DANISH CHURCH CIO Charity No: 1185236 Report of the Board of Trustees For the year ended 31 December 2025 The Trustees present their report with the financial ststements of the Charity for the year ended 31 December 2025. Reference and Administrative Details of the Charity, its Trustees and Advisers me of chari Skt Nickolaj Danish Church CIO istrati 1185236 Princi er in Address: 104 Osborne Street Hull HUI 2PN Tr stees: Names of Trustees who served during the year and since the year end were as follows: Hanne Hamilton Dorthe Hostick Anette Gould Susanne Gilbert Paul Towle Graham Gilbert Peter Aarosin Helle Mccollin Chair Appointed 26.04.24 - Resigned 15.01.26 Reappointed 22.04.26 Inde ent Ex miner: Rebecca Triffitt MAAT Phoenix Accountancy and Busine Consultancy Limited 4-6 Robert Street Scunthorpe North Lincolnshi DN15 6NG Investments: BNY Mellon Fund Managers Ltd Client Service Centre PO Box 366 Darlington DLI 9RF
S]ff NICKOLAJ DANISH CHURCH CIO Charity No.. 1185236 Report of the Board of Trustees For the year ended 31 December 2025 Bankers: Natwest 34 Klng Edward Street Hull HUI 3SS structure, Governance and Management overnin cument: Skt Nickolaj Danish Church CIO is a registered charity govemed by its Constitution adopted on 09 September 2019. Skt Nickolaj Danish Church CIO registered as a charity on 09 September 2019. If the CIO is wound up the members of the CIO have no liability to contribute to ts assets and no personal responsibility for settling ts debts and liabilities. Histo 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 9h 1954 a new Skt Nikolaj Danish Seamen's Church was consecrated. This new church was built on Osborne Street and is the one still used today. Recruitment and a ointment of Trustees The Trustees form the Church Council of the chartty. The members of the Church Council are elected at the Annual General M&ting. 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 Generdl Meeting 2) The Church'5 Pastor 3) A nominee of Den Danske Kirke i Udlandet (Fonnerly DSUK) 3 of the elected members of the Church Council must retire each year in rotation but may be re-elected. Four Trustees are reqUId to make a quorum.
sKr NICKOW DANISH CHURCH CIO Charity No. 1185236 Report of the Board of Trustees For the year ended 31 December 2025 A meeting of the Church Council Is empowered to take decisions, when it has convened by 7 days written notice and not less than one half of its numbers a present. anisational Structure: Skt Nickolaj Danish Church Cto is managed by the Church Council who meet regularly 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 place to ensure compliance with health and safety of staff, volunteers, service users and visitors to the Centre. All procedures are periodically reviewed to ensure that they continue to mt the needs of the charity. Objectives and Activities for Public Benefit As set out in the Memorandum of Association, the Charivs objects are: l) To advance the Christian ftdith for the benef of the public by the holding of prayer meetings and ceremonies conducted according to the rules of the Danish National Church. 2) To promote for the inhabitants of Hull and the East Riding of Yorshire, the provision of facilities for education, recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmty or disablement, financial hardship or social or economic circumstances or for the public at large in the interests of social welfare and with the objett of improving the condition of life of the said inhabitsnts Main ob"1veS for the followin In developing the main objectives for the following year the Trustee5 have given regard to the Charity Commission guidance on public benefit. Our main objectives for the following year are: l) Continue to develop the Church's network of contacts with charitable organisations active within the local and wider Hull community. 2) Sustain the relationship with Den Danske Kirke i Udlandet and fellow Danish churches based in the UK 3) Continue to develop and dpen the Nordic House brand principally by raising the profile of the Church's facilities among Hull-based organisations and by promoting activities with a Scandinavian aspect
st(r NICKOIAJ DANISH CHURCH CIO Charity No: 1185236 4) Upgrade the Church premises to improve aCssIbl11ty and attrattivenes5 tt) potential users and to reinforce the Nordic House brand Report of the Board of Trustees For the year ended 31 December 2025 win 5) Build on the continuing popularity of the Annual Christmas market to sustsin the Church's connettions with the ex-patriate Danish and broader Scandinavian communities 6) Continue work to secure financial breakeven wthin a tWO--year timeframe with particular emphasis on improving income generation through appropriate and more intensive use of the Church's lettable facilities 7) Continue to att as a spiritual and cultur31 trntre for the Church's members. Achievements and Performance The CIO fulfilled its obligations to provide regular church ServIS and a focus for the local and broader UK-based Scandinavian communtties. The strategy to intensify the use of the Church's facilities prOgsd well as did the continuing proce of fine-tuning the arrangements for the Christmas Market and the publlc use of the Church's car parking facilities. The resulting changes improved income generation and financial performan exceeded budget. As in prewous years, well-attended church ServIS were held to mark Easter and to celebrate Harvest and Christmas and the traditional mid-summer and Hoest events we again popular. There was a good turnout for the AGM and lunch in April and there were well-attended lunches in September and in Ottober after the Harvest church meeting. In August the Church was represented at Den Danske Kj'rke i Udlandet meeting in Denmark and took part in The Heritage Open Day event in September. Though again limited to one day, the Annual Christrnas Market proved e*cremely popular, drawing support both from the local community and the wider region. Including sales from the mini-market, Christmas income was 3Wo up on the previous year. Improved buying arrdngements also meant that costs were well-contained so that net income improved by 80/0.
sKr NICKOLAJ DANISH CHURCH CIO Charity No: 1185236 Report of the Board of Trustees For the year ended 31 December 2025 Financial Review During the year the CIO recorded income of £68,4k, an increase of 14.70/0 over the previous year. Higher sales during the Christmas peric4J and the enhanment of gross rental receipts from the flats contributed to the overall improvement. Most encouTrging, however, was the increase in income from public use of the Church's premises. This grew by 1270/0 and exceeded a challenging budget to reach a totsl of £14.2k CIO expenditure has increased from last year to £73k, this relates to staff hours increase, church maintenance and an increase in utileS costs due to price increases. The yearfs cash deficit of £4.6K was 20 % lower than in 2024 and oveTrll available cash ended the year at £41k. In addition to its cash holdings the CIO now also has control of listed securities previously held in the name of the Skt Nikolaj Seamen's Church. At the year-end these We valued at £51k.Total assets value at year end is £92k. Taken together with the size of the Church's financial assets, the trend in the development of its income, both gross and net, is encouraging and suggests that the objective of achieving long-temi self-sufficiency remains realistic. Our budget for the coming year has been set accordingly. Reserves Policy It is the genet71 policy of the charity to maintain unrestricted 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 To sustain the Church's capacty tr) promde for divine seNices according to the traditions of the Danlsh Church. The church will continue to fund its own future pastoral provision as well as developing cultural activities designed to forge a link between the Church and the wider community. The Church's strategy, staffing arrdngements and financial planning reflect this objettive. In developing its plans, the Church has sought to ensure that the commitment to securlng additional income is complementary to the Church's primary objective of serving the needs of its congregation whilst promoting and sustaining awareness and understanding of Scandinavian religious and cultural ts3ditions.
SKf NICKOL4J DANISH CHURCH CIO Charity No: 1185236 Report of the Board of Trustees For the year ended 31 December 2025 Trustees Responsibillties The Charities Act requires the trustees to prepare financial statements for each financial year. In accordance with the Charity Commission Guidance the Trustees have eletted 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 records which disclose wlth reasonable accurdcy at any time the financial posits'on of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees 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 legulatieS. Statement of disclosure of information to Independent Examiner The Charity has an income between £25,000 and £lm and therefore falls under the Independent Examination regime. We, the Trustees of the Charity who held office at the date of approval of these financial statements, each confirm so frdr as we are aware, that: 4) there is no relevant inforniatlon of whlch the Charivs Independent Examiner is unaware. and we have taken all the steps that we ought to have tsken as Trustees in order to make ourselves aware of any relevant information and to establish that the Charity's Independent Examiner is aware of that information. Independent Examiner A resolution to reappoint Independent Examlner, Rebecca Triffitt of Phoenix Accountancy and Business Consultsncy Limited will be proposed at the forthcoming annual general meeting. By order of the Bt)ard Helle Mccollin Chairperson Date: gi¥la
NICKOLAJ DANISH CHURCH CIO Charity No: 1185236 Xndependent Examiner's Report to the Members of Skt Nickolaj Danish Church CIO I report on the accounts of Skt Nickolaj Danish Church CIO for the period ended 31 December 2025, which are *t out on pages 10 to 13. Respective responsibilities of trustees and examiner The charitys trustees are responsible for the preparation of the accounts. The charivs trustee5 consider that an audit is not required for this peri(x1 under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the General Directions given by the Charity Commissioners under settion 145 (5)(b) of the Chartties Att. and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General Direttions 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 disclosu in the accounts, and seeking explanations from the trustees conceming 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 fair, view and the report is limited to those matters set out in the statement below. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ) in connection with the examination whlch gives me cause to believe that in, any material respect: accounting records We not kept in accordance with settion 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Rebecca Triffitt MAAT Practice Accountsnt Phoenix Accountancy and Business Consultancy Limited 4-6 Robert Str&t Scunth0e, DN15 6NG Date:
Slff NICK0 DANISH CHURCH CIO Charity No: 1185236 Receipts and Payments Account For the period ended 31 December 2025 2025 2025 2025 Total Funds 2024 2024 2024 Totsl Funds Unr¢rtrlrted Restrlcted RECEIPTS Donations & Gffc Ad Sales Christma5 Market Sales Parking RooTll Hlre 1.171 2,6LI 25,296 3.047 14.239 19.516 158 1,171 2,611 25,296 3,047 14,239 19,516 2,469 3,158 24,762 2,345 6,2 17,700 1,108 325 453 1,066 59,666 2,469 3,158 24,762 2,345 6,280 17,700 1,108 325 453 1,066 59,666 Flat Rent Other DCF Subscriptions Interest 245 278 1,858 68,4L9 245 278 1,858 68,419 DCF Events PAYMENTS Stsffing Costs Chrlstmas Market 30,894 14.533 1.949 27,028 13,983 2,351 4,L61 27,028 13,983 2,351 4,161 14,533 1,949 Other Events & PlJrtha5es U11t1 Costs Telephones, Fnting and Statronery Trnvelllng and Entertainment Marketing & Advertr'sing Insurdn Cleaning Maintenance Costs In relaOn to rentsl premises Sundries Payroll Fe Accounts Fees Equip¥nent Trustee Expenses Bank & Card (harges I15 1,815 1,996 L,996 1,358 I,L69 564 L,739 6,347 L,358 1,169 564 702 702 582 1,971 10,049 1,971 10,049 1,739 6,347 2.751 2.751 2,947 2,947 420 916 i(M) 916 100 420 70 516 399 516 399 50 269 269 267 267 T3,011 73,011 65,315 65,3L5 Net Surplu$l(l)efiot) lor the perlod (4,592) (4,592) (5,649) (5,649) Cash & Bank Balances brought forward Cash and Bank Balances carried forward 45,562 45.2 51,211 51,211 40,970 40,970 45.562 51,211 The notes on page 12 and 13 fom part of these financial statements. io
Slff NICKOLAJ DANISH CHURCH CIO Charty No: 1185236 ststement of Assets and Liabilities As at 31 December 2025 Notes 2025 2024 Monetsry Assets Natwest Current Account (305) Natwest Reserves Account (313) Cash Float Total Monetary Assets Comprising.. Unrestricted Funds Restricted Funds 15,529 25,391 50 20,330 25,113 119 40,970 45,562 Non Monetary Assets and Liabilities Fixed Assets Investments (At market value) Office Equipment Flxtures & Fittings Fridge Sum up machines x2 other Equipment 50,955 380 1,413 541 130 575 53,994 380 1,413 541 130 575 3,039 Debtors Sundry Debtors Creditors Salary Control Account HMRC Pension Payroll Fee Accounts Fee (1,272) (143) (998) (123) (47) 480 These financial statements were approved by the committee on and signed on its behalf by: 06 2026 (date) Helle Mccollin, Chairperson The notes on pages 12 and 13 form part of these financial statements. li
srr NICKOW DANISH CHURCH CIO Charity No: 1185236 Notes to the Financial Statements For the year ended 31 December 2025 Notes Basis of Preparation These accounts have bn prepared on a receipts and payments (R&P) basis in line with charity commission guidan for a charity of this size. The comparative period of operation l January 2023 to 31 December 2024. Staffing Costs 2025 2024 Gross Pay Pension Contributions Employers National Insurance 30,176 718 26,423 605 Ave e number of staff Other professional services provided by Independent Examiner The Independent Examination has been provided by Rebecca Triffitt of Phoenix Accountsncy and Business Consultsncg Limited. 2025 2024 Payroll Services Independent Examination 100 480 580 70 516 586 Taxation Skt. Nickolaj Danish Church is a registered Charitable Incorporated Organisation, registration number 1185236. All the Chartties, income is applied to its charitable objectives and the aOCIation is therefore exempt under current legislation from most forms of taxation. 12
sKr NICKOLAJ DANISH CHURCH CIO Charity No: 1185236 Notes to the Financlal Ststements For the year ended 31 December 2025 Trustee Remuneration No Remunerats'on was paid to Trustees during the period out of the funds of the charity. There was reimbursement of expenses for 3 Trustees during the year of £1,386 (2024.. £619). 13