## ## |||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|