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2021-12-31-accounts

THE DUTCH CHURCH IN LONDON

(Registered Charity No. 214686)

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE DUTCH CHURCH IN LONDON

TRUSTEES REPORT 2021

General

Royal Charters granted on 24th July 1550 and 20th March 1985 incorporated The Dutch Church in London. The Church is also a registered charity under No. 214686. The principal address of the charity is 7 Austin Friars, London EC2N 2HA.

Trustees

The Trustees who served during the period covered by these accounts were:

Mrs R Janssen (Resigned 12th December 2021)

Ms M Veuger

Ms M E Knook

Mr M Proos Ms M C Boesveld van der Koolj

Mr M Rijkeboer (Resigned 27th June 2021)

Mr E Welman (Appointed 12th December 2021)

Professional Advisors

Bankers NationalWestminster Bank Pic NationalWestminster Bank Pic
15 Bishopsgate
London EC2P 2AP
ING Bank
Pastbus 99960
8900 GA Leeuwarden
The Netherlands
CCLA Investment Management Ltd
SenatorHouse
85 Queen Victoria Street
London EC4V4ET
Auditors Brown &CoAudit Ltd
Riverside Business Centre
River Lawn Road
Tonbridge .
Kent
TN9 1EP
Solicitors Field FisherWaterhouse LLP
Riverbank House
2 Swan Lane
London, EC4R 3TT
Brokers CCLAInvestmentManagement Ltd
85 Queen Victoria Street
LondonEC4V4ET

Page 1

THE DUTCH CHURCH IN LONDON

TRUSTEES REPORT 2021 (continued)

Objectives

The objectives of the Church are:

  1. The advancement of the Christian religion of the Protestant persuasion; 2. The provision of a place of worship anda spiritual centre in London for all Dutch people professing the Christian faith of the Protestant persuasion;

  2. The relief of poor, aged or needy members of the congregation of the Church and other poor, aged or needy persons.

Trustees responsibilities

Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year end and of its financial position at the end of the year. In doing so the trustees are required to:

:

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and which enables them to comply with charity law. They are also responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities.

The paragraphs from the 1993 report about the discharging of responsibilities, the provision of information and about the role of the Church Council still apply. In 2021 the Church employed a minister, a full-time and part-time verger, two part-time organists and a secretary. Currently pensions are paid to two former vergers or their widows. It should also be pointed out that the trustees are entitled to invest two-thirds of the funds of the Church in the wider range.

Review of the year

On behalf of the Trustees | present you the annual accounts 2021 of The Dutch Church in London.

Unrestricted Funds

Unrestricted outgings exceeded unrestricted income. The Church accounts showa deficit of £160,863 and this partly reveals the true financial position of the Church, which has been exacerbated by the Covid-19 pandemic. This deficit does not affect the Deacons Fund.

Unrestricted income was lower in 2021 compared to 2020 by £334,544. This was entirely due to the £350,000 received from the Licence to Assign re Augustine House in 2020. The reduction In Ground Rent income of £11,013 was almost matched by the increase in donations of £8,969. Hall hire income increased by £26,618 but still remained more than 50% below the pre-Covid-19 levels. The Church received a further £15,887 in goverment grants for furloughed staff.

There was also a decrease in the unrestricted outgoings of £61,077 to £338,949 compared to 2020. This was due to a decrease in establishment expenses of £25,976, non-payment of Ds J J Vogel's pension of £8,109, following her death, decrease in church activities expenditure of £17,030 and administration expenses of £17,775. These deductions in expenditure were aided by the continued Covid-19 closure of the Church for long periods with restricted access at all other times.

Page 2

THE DUTCH CHURCH IN LONDON

TRUSTEES REPORT 2021 (continued)

Review of the year (continued)

Unrestricted Funds

Most expenses accounts were lower this year due to the continued Covid-19 restrictions. The main reductions were in General Maintenance of £7,439, Organ Repairs of £4,717, Light, Heat & Water of £9,130 due to large credit notes received for overcharged VAT on previous years’ gas and electricity bills and Cleaning of £2,314. Sundry Expenses were £5,378 lower than 2020 together with the vast reduction in Live Streaming costs of Sunday services of £11,416. The Minister's pension payments were down by £7,215 due to no decision being made regarding the Minister's pension arrangements for that year and in the future. The final large saving was with no repeat of the legal fees relating to Assignation of the Lease, so Professional Fees were £15,110 lower than 2020.

The accounts show that the charitable expenditure (cost of activities in furtherance of the charity's objectives and support costs) was 76.95% of the unrestricted expenditure and the cost of generating funds was 23.05% of the unrestricted expenditure.

Deacons Fund

The Trustees have incorporated the Deacons Fund accounts into the Church accounts as a restricted fund giving thereby a fully comprehensive view of the Church activities. The management of the Fund is delegated to the Deacons and the Trustees are aware of the guidelines the Deacons have laid down for spending money.

For the relief of needy persons a close cooperation is maintained with the Netherlands Benevolent Society (a charity independent of the Church) in order to avoid overlaps. During 2021, nothing was spent by the Deacons Fund on needy persons and £5,896 was spent on charitable institutions.

Signed on behalf of the Trustees

Ms ME Knook Trustee

Date. 2 Octrbe- 202

Page 3

THE DUTCH CHURCH IN LONDON Independent Auditor's Report to the Trustees of The Dutch Church In London Year ended 31 December 2021

We have audited the financial statements of The Dutch Church In Lindon for the year ended 31 December 2021 which comprise the statement of income and retained earnings, statement of financial position and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

This report is made solely to the Charity's Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for-our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditor

As explained more fully in the trustee's responsibilities statement, the trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustee; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the trustee's report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements In our opinion the financial statements:

° give a true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming resources and application of resources for the year then ended; ° have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ° have been prepared in accordance with the requirements of the Charities Act 2011.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, In our opinion:

° the information given in the trustee's report is inconsistent in any material respect with the financial statements; or

CHRISTOPHER COOK FCA (Senior Statutory Auditor)

Riverside Business Centre

River Lawn Road Tonbridge Kent TN9 1EP

For and on behalf of Brown & Co Audit Limited Chartered Accountants & statutory auditor

4" October 2022

Page 4

THE BUTCH CHURCH IN LONDON STATEMENT OF FINANCIAL ACTIVITIES

,

FOR THE YEAR ENDED 31 DECEMBER 2021

. . Note Unrestricted
2021
£		 Restricted
2021
£		 2021
£		 2020
£
INCOMING RESOURCES
Donations
and aifts
Collections and donations		 13,315 4,902 18,217 8,032
Special collections
-		 -
13,315		 146
§,047		 145
18,362		 $15
8,547
Activities forgenerating funds
Rentfrom property 92,113 - 92,113 103,126
Dividendsand interest 17 493 9,552 10,045 13,836
Bank interest 7 - 7 270
Church magazine 660 - 660 1,427
Functions/Events income 1,013 - 1,013 653
Sundryincome 1 70,485 - 70,485 398,333
164,771 9,552 174,323 517,850
TOTAL INCOMING RESOURCES 178,086 14,599 192,685 526,197
RESOURCES EXPENDED
Charitable expenditure
Cost of activities in furtherance ofthe charities objectives
Donations paid 7 - - - -
Special collections paid to charitable
organisations ; 8 -
-		 5,895
5,896		 5,896
5,896		 4,544
4,544
Support costs
Establishment expenses		 2 62,309 - 62,309 88,285
Church salaries, national insurance and
pension premiums 4 151,094 - 151,094 148,957
Pension payments in respectofformer
ministerandemployees
Ministers expenses		 4
5		 7,934
39,490		 -
-		 7,934
39,490		 16,043
35,080
260,827 - 260,827 288,365
Cost ofgeneratingfunds
Church activitiesexpenditure		 3 23,522 1,050 24,572 41,498
Administrative salaries, national insurance
andpansionpremiums
Functions/Events expenses
Administration expenses		 3
6		 30,149
1,461
22,980
78,122		 3,727
:
-
4,777		 33,876
1,464
22,980
82,899		 31,834
1,279
40,771
115,382
Total resourcesexpended 338,949 10,673 349,622 408,291
NETINCOMING/OUTGOING)RESOURCES (160,863) 3,926 (156,937) 117,906
Gains(tosses) on investment assets:
Realised
Unrealised		 15
15		 -
593,361		 -
46,153		 -
639,514		 -
359,693
Netmovements infunds 432,498 50,079 482,577 477,599
Fund balancesbroughtforward 4,529,866 341,552 4,871,418 4,393,819
Fund balances carrledforward 4,962,364
391,631
§,353,995
4,871,418
—————OleSnaa_T_ToeeESESESESmaST_=EEEl™*=NEN

;

The statement of financial activities reflects all galns and losses during the year to 31st December 20271. All activities are continuing. The Notes on pages 11 to 19 form part of these accounts.

Page 5

THE DUTCH CHURCH IN LONDON

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2021

2021 2020
Note £ £
FIXED ASSETS
Tangible
Investments		 9
10&17		 382
4,363,254		 477
3,721,003
) 4,363,636 3,721,480
CURRENTASSETS
Stock 11 4 1
Debtors 12 89,492 90,861
Cash at bank and in hand 13 939,202 1,093,470
4,028,695 1,184,332
Creditors 14 38,338 34,394
990,357 1,149,938
NET ASSETS 5,353,993 4,871,418
Represented by
Restricted fund - Deacons Fund 15 & 16 391,631 341,552
Designated Fund -Capital Fund
Accumulated incomefund		 15
16		 3,627,755
4,334,607		 3,034,394
1,495,472
5,353,993 4,871,418

These financial statements were approved by the board of trustees and authorised for issue on t oft Octobre, woe ist Od. whet ALO) Dh Ay...” and tA ned on their behalf by:

MEL ede

Ms M E Knook Trustee

Page 6

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

General information

The Charity is registered in England and.Wates and is unincorporated. The address of the principal office is 7 Austin Friars, London EC2N 2HA.

Statement of compliance

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1st January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given In Note 18.

Judgement and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Rental income

Rental income is accounted for on a receivable basis.

Investments

Income from investments is included in the accounts with the related tax in the period in which the dividend and interest is declared.

Page 7

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

ACCOUNTING POLICIES - continued

Depreciation

No depreciation is provided on the freehold buildings as, in the opinion of the trustees, the market value considerably exceeds the book value, although depreciation previously provided continues io be retained.

Depreciation on furniture and fittings is now charged at a more realistic rate to reflect a true and fair view of the value of the assets held at the end of the year. Fumiture and fittings have been depreciated at a rate of 20% per annum on the reducing balance basis.

Foreign currency

Bank balances denominated in a foreign currency are translated into sterling at rates of exchange ruling at the end of the financial year. Differences on exchange arising from this translation are provided in the accounts.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

» Legacy income Is recognised when receipt is probable and entitlement is established.

« Income from contracts for the supply of services Is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Page 8

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

ACCOUNTING POLICIES - continued

Resources expended

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is classified under headings of the statement of financial activities to which it relates: . * Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities and the sale of donated goods.

¢ Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to __asingle activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in the other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Page 9

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

ACCOUNTING POLICIES - continued

Financial instruments - continued

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument..

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments In a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments, regardless of significance and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount ofthe financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Freehold property

Although Wilhelmina House, 21 Park Hill Rise has been sold, it remains on the Balance Sheet at £1 as this concerns a clawback clause entitling the Dutch Church to an additional payment.should the property be sold within a 15 year pericd to a third party.

Commitments under operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs

The Church contributes into employees personal and occupational pension schemes subject to their terms of employment. The annual contributions payable are charged to the income and expenditure account.

; Page 10

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

NOTES TO THEACCOUNTS
2021 2020
£ £
1, SUNDRY INCOME
Unrestricted
Social hall hire
-		 48,508 21,690
Site rental 2,023 5,987
Wedding services , 4,000 4,000
Licence toAssign -Augustine House - 350,000
HMRC -CJRS grants received 15,887 19,679
Sale ofpostagestamps 11 -
Gift Aid 2021 - interest 1 2
Use ofphotocopier 55
70,485_		 -
~ 398,338
2. ESTABLISHMENT EXPENSES
Church, social halland other properties
Repairs and maintenance:
General 20,652 28,091
Organ and piano 695 5,412
Flat 890 434
Kitchen equipment 115 905
Insurance
Light, heatand water		 24,701
5,458		 24,275
17,101
Cleaning
Depreciation offurnitureand fittings		 7,971
95		 10,285
118
Sundries (including rates) 1,732 1,664
62,309 88,285
3. CHURCH ACTIVITIES EXPENSES
Church magazine costs
Visiting ministers, organists etc		 4,430
2,891		 3,982
2,442
Food and drinksupplies 3,946 4,570
Sundryexpenses 10,029 15,407
Sunday service - Live streaming costs 265 11,681
Organ récitals/concerts 2,900 3,340
Miscellaneous musicexpenses - 76
Cryptexpenses 111 -
Functions/Events expenses 1,461 1,279
26,033 42,777

Page 11

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

----- Start of picture text -----
|||||| |---|---|---|---|---| |YEAR|ENDED|31|DECEMBER|2021| |2021|2020| |£|E| |4.|SALARIES|:| |Minister|75,136|72,690| |Minister's|Pension|5,196|12,411| |Vergers|42,276|42,179| |Vergers|Pensions|,|4,403|4,362| |Organists|17,644|16,816| |Organists|Pension|6,439|499| |Pensions|- former employees|7,934|:-|7,778| |Pension|- former|Minister|-|8,265| |159,028|165,000| |FULL TIME AND|PART TIME|(PERMANENT)|EMPLOYEES| |Minister|1|1|.| |Vergers|2|2| |Organists|2|2| |Administration|ee| |—|oC|

----- End of picture text -----

The Minister earned more than £60,000 per annum.

  1. MINISTER'S EXPENSES

Establishment and Church activities

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Rent,|rates,|water and|insurance|33,327|32,909| |Telephone|640|625| |Travelling|expenses|4,227|594| |Sundry|expenses|1,296|952| |39,490|35,080|

----- End of picture text -----

The rental figure above is a commitment under an operating lease and at 31st December 2021 the charity had annual commitments under non-cancellable operating leases due within one year of £29,580.

Page 12

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |YEAR ENDED|31|DECEMBER|2021| |2021|2020| |£|g| |6.|ADMINISTRATION|EXPENSES| |Printing,|stationery and|books|814|906| |Telephone,|postage and|advertising|3,718|3,690| |Computer running|costs|2,534|3,404|-| |Professional|charges|8,028|23,138| |Auditors|remuneration|5,010|4,560| |Sundry|expenses|.|2,241|2,358| |Bank charges|and|interest|324|294| |Over|provision|of US|withholding|refund|-|340| |Currency|exchange|losses|321|2,081| |22,990|40,771| |7.|DONATIONS|PAID| |Gifts|to|needy|persons|-|-| |8.|SPECIAL|COLLECTIONS|PAID| |Special|collections|paid|to|charitable organisations|5,896|4,544|

----- End of picture text -----

Page 13

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

YEAR ENDED 31 DECEMBER 2021

2021 2020
£ £ £
9. FIXED ASSETS
Buildings:
The Dutch Church, Austin Friars, EC2
At written down value 1 1
Augustine House
At written down value 4 4
21 Park Hill Rise, Croydon, Surrey
At written down value 1 1
Furniture and fittings (including library):
The Dutch Church, Austin Friars, EC2
Atwritten down value 474 592
Additions - -
474 592
Depreciation charge forthe year 95 118
Net book value 379 474
382 477

Page 14

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

YEARENDED 31 DECEMBER 2021
2021 2020
£ £
10, INVESTMENTS
Unrestricted
Marketvalue at
1 January		 3,395,644 2,830,510
Less:
Disposalsatopening bookvalue		 - -
Add:
Acquisitions at cost		 2,737 225,000
Net gain/(loss) on revaluation at31 December 593,361 340,134
Marketvalue at31 December 3,991,742 3,395,644
Historical cost at31 December 3,020,587 3,017,850
See the end of note 17 forfurther details of restricted investments
Restricted
Marketvalue at1January 325,359 305,800
Less:
Disposals atopening bookvalue		 - -
Add:
Acquisition at cost		 - -
Netgain/(loss) on revaluation at31 December 46,153 19,559
Marketvalue. at31 December 371,512 325,359
Historical cost at31 December 86,064 86,064
Total marketvalue at31 December 4,363,254 3,721,003
Total historical cost at 31 December 3,106,651 3,103,914
——— —————==>==a

11. STOCK

The Trustees believe that a nominal value should be placed on the unsold stock of "Kerk in de City” books.

Page 15

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2021|2020| |£|£| |12.|DEBTORS| |Unrestricted| |Income|tax|recoverable|.|1,493|1,053| |Trade|debtors|23,487|7,628| |Sundry debtors|37,783|57,888| |Prepayments|25,474|23,576| |88,237|90,145| |Restricted| |Income|tax|recoverable|1,255|716| |Sundry debtors|-|-| |1,255|716| |Total|debtors|89,492|90,861| |(All|amounts|are due|within|one|year.)| |13.|CASH AT|BANK AND|IN|HAND| |Unrestricted| |National|Westminster|Bank,|London:| |Current|account|-|-| |Business|reserve|account|57,434|87,087| |Petty cash|account|501|487| |Austin|friars forum|account|3,265|3,256| |Paypal|account|1,100|698| |CBF|Deposit|Fund|850,000|975,000| |Dutch|postal|giro|2,931|4,710| |SG|HAMBROS|Bank:| |Investment|account|-|2,737| |Petty cash|26|65| |915,247|1,074,040| |a||||| |Restricted| |National|Westminster|Bank,|Current account|23,954|19,430| |Total cash|at bank|and|in|hand|939,201|1,093,470|

----- End of picture text -----

Page 16

THE DUTCH CHURCH INLONDON

|

NOTES TO THE ACCOUNTS (continued)

YEAR ENDED 31 DECEMBER 2021

2021 2020
£ £
14. CREDITORS.
Unrestricted
Suppliers 6,956 2,836
Othercreditors 10,170 8,518
Accruals 1,418 2,991
VAT 8,569 9,809
PAYE/NIC 7,803 8,253
35,016 32,407
Restricted
Othercreditors 311 305
Deacons fund 3,011 1,682
3,322 1,987
Total creditors 38,338 34,394
(All amounts aredue within one year.)
15. CAPITAL FUND
Unrestricted
Balance at 1 January 3,034,394 2,694,260
Gains/(losses) on realisation of investments
Unrealised gains/{losses) inyear		 -
593,361		 -
340,134
Balance at 31 December 3,627,755 3,034,394
Restricted
Balance at 1 January 267,522 247,963
Unrealised gains inyear 46,153 19,559
Balance at31 December 313,675 267,522
——SSSSSS== —<$<$<$<$< oo —————
16. ACCUMULATED INCOME FUND
Unrestricted
Balanceat1 January
Surplus/(deficit) fortheyear		 1,495,472
(160,863)		 1,382,868
112,604
Historical rounding difference (2) -
Balance at31 December 1,334,607 1,495,472
Restricted
Balance at 1 January 74,030 68,728
Surplus/(deficit) fortheyear 3,926 5,302
Balanceat31December
.		 77,956 74,030

Page 17

.

‘ NOTES TO THE ACCOUNTS (continued)

THE DUTCH CHURCH IN LONDON

YEAR ENDED 31 DECEMBER 2021

17. INVESTMENTSANDINCOME 17. INVESTMENTSANDINCOME 17. INVESTMENTSANDINCOME Market Net
Unrestricted Cost Value Income
Nominal amount £ £ £
_
EQUITIESAND UNITTRUSTS
.
68,349.99 TheCBF Church ofEngland Investment Fund
Accumulation Shares 3,020,587 3,991,742 -
3,020,587 3,991,742 -
ADDITIONSATCOST
WIDERRANGE Cost
EQUITIESAND UNITTRUSTS £
52.32 TheCBF Church ofEngland Investment Fund
Accumulation Shares 2,737
2,737
WIDER RANGE
EQUITIESAND UNITTRUSTS -COSTOFINVESTMENTS
As at istJanuary 2021 3,017,850
Purchased 2,737
3,020,587
Less
Sold		 -
Rounding - -
As at3istDecember2021 3,020,587
Cost 2021 2020 2021 2020
or Market Market Gross Gross
SUMMARY Valuation Value Value Income Income
£ £ £ £ £
WIDER RANGE
Equities and unittrusts
3,020,587		 3,991,742 3,395,644 493 4,470
oe

Page 18

THE DUTCH CHURCH IN LONDON

NOTES TO THE ACCOUNTS (continued)

YEAR ENDED 31 DECEMBER 2021

17. INVESTMENTS AND INCOME (continued) Unrestricted (continued)

Nominal amount

Restricted . 2021
Book		 2021
Market		 2020
Book		 2021
Income
Value Value Value
£ £ £ g
COIF income shares
3,907.84 Deacons Fund 4,300 80,370 4,300 2,066
4,383,39 Deacons Fund 5,051 90,151 5,051 2,318
1,007.01 Barnet Estate ofGuedes Guedes Charity 5,312 20,711 6,312 533
278.43 EgbertGuede 1,469 5,726 1,469 147
125.13 Isaac Le Gooch 660 2,573 660 66
6,522.51 Deacons Fund 53,789 134,145 53,789 3,449
1,839.71 Deacons Fund (Dutch Holiday Fund) 15,483 37,836 15,483 973
86,064 371,512 86,064 9,552

18. TRANSITION TO FRS 102.

These are the first financial instruments that comply with FRS 102. The Charity transitioned to FRS 102 on 1st January 2015.

No transitional adjustments were required in the retained funds or income or expenditure for the year.

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