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2023-03-31-accounts

Page
Company
Information
Directors' Report 2-5
Independent
auditor's		 report 6-9
Statement
of financial		 activities 10
Balance sheet
Notes to the financial statements 12-17

Directors Reverend
G Samiec		 Reverend
G Samiec		 Chairman Chairman
Reverend J Ehlers Vice Chairman
Mrs D Rosser Secretary
Dr C Lumley Treasurer
Reverend J Kriger
Mrs M Cowie
Mr R Thoelke
Key management personnel Reverend
G Samiec		 Chairman
Reverend J Ehlers Vice Chairman
Mrs D Rosser Secretary
Dr C Lumley Treasurer and Principal, Wesffield House
Dr J Humann Preceptor, Westfield House
Company number 579460
Charity number 220467
Scottish charity number SC041204
Registered office 28 Huntingdon Road
Cambridge
CB3OHH
Auditors Chater Allan LLP
Chartered
Accountants		 8 Statutory Auditors
7 Quy Court
Colliers Lane
Stow-curn-Quy
CB25 9AU
Bankers Cater Allen Private Bank
9 Nelson Street
Bradford
BD1 5AN
Solicitors Streeter Marshall Anthony Collins
12 Purley Parade 134 Edmund St
High Street Birmingham
Purley B32ES
Surrey
CR8 2AB

D(KuSign Envelope ID.. 0639E0O1-AAB84￿B-9ss3-c2QO￿￿89s5GD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF EVANGELICAL LUTHERAN CHURCH OF ENGLAND TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2023 Auditor's r•sponsibiliti•s for th8 audit of tho financial slaternents l¢ontinuedl Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due lo fraud or error, and to issue an auditor's report th8t includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users tsken on the basis of these financial stslements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, induding fraud is detailed below= Our approach to Identif￿ng and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance wth laws and regulations, was as follows.. We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our knowledge and experience., • We obtsined an understanding of the legal and regulatory framework applicable to the charitable company and how it is complying with that framework., We obtained an understanding of the charitable comp8nVs policies and procedures on compliance with laws and regulations, including documentation of any instan￿S of non-compliance- We assessed the susceptibility of the charitable companls financial slalements to material misstalemenl. including obtaining an understanding of how fraud might occur, by.. • Making enquiries of management as lo where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud,. and Considering the intemal controls in place lo mrtigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we., Tested journal entries lo identify unusual transactions,. Assessed whether judgements and assumptions made in delemiining the accounting ests'males set out in the accounting policy were indicative of potential bias- and Investigated the rational8 behind significant or unusual transactions. In response lo the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included. bul were not limf(ed to.. Agreeing financial statement disclosures lo undertying supporting documentation., Reviewing minutes of meetings of those charged with governan￿., Enquiring of management as lo actual and potential litigation and claims. Through the above pn)cedures, we did not become aware of any actual or suspected non-compliance with laws and regulations. Owng to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial ststemenls, even though we have properly planned and performed our audit in ac¢ordan¢& with auditing standards. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance ￿th all laws and regulations. A further description of our responsibilities for the audit of the financial stslemenls is located on the Financial Reporting Council's website al.. https.'Ilwww.frc.org.uklOur-WorklAudiVAudil-and-asSuran￿1StsndardS-and- guidancelslandards-and-guidance-for-audilorslAudilors-responsibilities-for-audiVDescription-of-auditors- responsibililies-for-audit.aspx. This description forms part of our auditor's report.

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
Note
Income from:
Donations
and legacies		 15,375 15,375 23,170
Investments 10,287 10,287 11,891
Other income 895 895 791
Total income 26,557 26,557 35,852
Expenditure
on:
Raising funds (870)
Charitable
activities		 23,095 23,095 42,753
Total expenditure 23,095 23,095 41,883
Net income/(expenditure) before transfers 3,462 3,462 (6,031)
Transfers
between		 funds (239,548) 239,548
Net movement
in		 funds (236,086) 239,548 3,462 (6,031)
Reconciliation
of		 movement in funds:
Total funds brought forward 876,250 876,250 882,281
Total funds carried forward 640,164 239,548 879,712 876,250

Total Total
2023 2022
Note
Fixed assets
Tangible assets 420,000 420,000
420,000 420,000
Current assets
Debtors 235,993 235,794
Cash at bank and in hand 518,904 575,113
754,897 810,907
Liabilities
Creditors: amounts falling due 10 275,113 317,175
within one year
Total assets less current liabilities 899,784 913,732
Creditors: amounts falling due (20,072) (37,482)
after more than one year
Net assets 879,712 876,250
Finance by:
Restricted funds 239,548
Unrestricted
funds:
General
Fund		 13 354,088 343,372
Designated
Fund		 13 286,077 532,878
879,712 876,250

Unrestricted Restricted Total Total
funds funds funds funds
Note 2023
f		 2023
f		 2023f 2022f
Donations 15,375 15,375 23,170
15,375 15,375 23,170
3.INVESTMENT INCOME
Unrestricted Restricted Total Total
funds funds funds funds
2023
f		 2023 2023f 2022f
Interest receivable 155 155 91
Rental income 10,132 10,132 11,800
10,287 10,287 11,891
4.EXPENDITURE ON RAISING FUNDS
Unrestricted Restricted Total Total
funds funds funds funds
2023
f		 2023
f		 2023f 2022
Bank charges (870)
(870)
5.CHARITABLE ACTIVITIES
Unrestricted Restricted Total Total
funds funds funds funds
2023
f		 2023
f		 2023 2022f
Donations payable 5,000
Governance costs 5,200 5,200 5,813
Premises expenses 17,895 17,895 31,040
Legal and professional fees 900
23,095 23,095 42,753
Governance costs 2023f 2022f
Auditor's remuneration 4,200 3,600
Under accrual of previous year
Preparation ofthe annual accounts 2021 and 2022 2,200
Preparation ofthe annual accounts 2023 1,000
Filing ofthe statutory accounts 13
5,200 5,813

8.TANGIBLE FIXEDASSET 8.TANGIBLE FIXEDASSET S Freehold
property Total
Cost
As at 1 April 2022 420,000 420,000
Additions
As at 31 March 2023 420,000 420,000
Depreciation
As at 31 March 2022 and 2023
Net book value
As at 31 March 2023 420,000 420,000
As at 31 March 2022 420,000 420,000
9.DEBTORS 2023 2022
f
Amounts
falling		 due within one year:
Trade debtors 20 200
Other debtors 6,557 4,873
Concessional
loans due from		 congregations 89,802 77,421
96,379 82,494
Amounts
falling		 due after more than one year:
Concessional
loans due from		 congregations 139,614 153,300
235,993 235,794
10.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022
Trade creditors 772 2,411
Church
Extension
Fund deposits		 4,891 4,891
Amount
due to		 Evangelical Lutheran Church of England 264,163 279,236
Accruals 5,287 30,637
275,113 317,175
Amount
due to Evangelical		 Lutheran Church of England:
Net rental income
StTimothy 17,410 17,411
Good Sheperd Lutheran
Church		 239,548 256,420
Other 7,205 5,405
264,163 279,236

11.CREDI TORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022
F
Amount due to Evangelical Lutheran Church of England:
St Timothy 20,072 37,482
20,072 37,482
12.ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
F
Tangible fixed assets 420,000 420,000 420,000
Current assets 754,897 754,897 810,907
Creditors due within one year (35,565) (239,548) (275,113) (317,175)
Creditors due after more than one year (20,072) (20,072) (37,482)
1,119,260 (239,548) 879,712 876,250
13.FUNDS
Brought Transfers Carried
forward Income Expenditure in/(out) forward
Designated
Funds:
Equity Sharing (housing) Fund 177,337 177,337
Property Fund 355,541 10,132 (17,386) (239,548) 108,740
532,878 10,132 (17,386) (239,548) 286,077
General Funds:
General Funds: 343,372 16,425 (5,709) 354,088
Total Unrestricted Funds 876,250 26,557 (23,095) (239,548) 640,165
Restricted Funds:
Good Shepherd Property Fund 239,548 239,548
Total Funds 876,250 26,557 (23,095) 879,712

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
f.
Income from:
Donations
and legacies		 23,170 23,170
Investments 11,891 11,891
Other income 791 791
Total income 35,852 35,852
Expenditure
on:
Raising funds (870) (870)
Charitable
activities		 42,753 42,753
Total expenditure 41,883 41,883
Net expenditure before transfers (6,031) (6,031)
Transfers
between		 funds
Net movement in funds (6,031) (6,031)
Reconciliation of movement in funds:
Fund balances brought forward 882,281 882,281
Total funds carried forward 876,250 876,250