## London Association In Aid Of Moravian Missions
Charity number: 247127 Trustees' Report and Unaudited Aggregated Financial Statements For the year ended 5 April 2023
## London Association In Aid Of Moravian Missions
## Summary of trust for the year ended 5 April 2023
|Charity number|247127|
|---|---|
|Registered Address|Moravian Church House|
||5 – 7 Muswell Hill|
||London|
||N10 3TJ|
|Trustees|L.A.M.M. Limited (Holding trustee)|
||Mr. John Henry Martin|
||Mrs. Jacqueline Kay Morten|
||Mr. Keith Morten|
||Mrs. Gillian Taylor|
||Rev. Joachim Kreusel|
||Ms. Maureen Colbert|
||Rev. Robert James Hopcroft|
|Independent Examiner|Julie Mutton FCA|
||Evelyn Partners LLP|
||Old Library Chambers|
||21 Chipper Lane|
||Salisbury|
||Wiltshire|
||SP1 1BG|
|Bankers|CAF Bank Limited|
||25 Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
||NatWest Bank plc|
||Wood Green Branch|
||14 The Broadway|
||London|
||N22 6BZ|
|Solicitors|Bartletts Solicitors|
||38 Willoughby Road|
||London|
||N8 OJQ|
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## The London Association in Aid of Moravian Missions
## Annual Report for the year ended 5 April 2023
The trustees present their report and fi nancial statements for the year ended 5 April 2023. The fi nancial statements comply with current statutory requirements and the charity’s governing documents.
## Reference and administrative details
The London Association in Aid of Moravian Missions is registered with the Charity Commission, No 247127. It is an unincorporated charity and is governed by its constitution. This report and fi nancial statements include the a ff airs of the Latimer & Ridley Trust which is a linked charity.
The London Association was founded in the year 1817 by members of several denominations in Britain to assist the missionary activities of the Moravian Church. Under God’s providence, it has raised funds for its work for over 180 years and helped the Moravian Church in many countries to ful fi l in some small measure the Lord’s command to preach the gospel to all nations.
The Latimer & Ridley Trust was established by Trust Deed on 6 August 1903. The income of the Trust is to be paid to the Association. The capital is not expendable.
The holding trustee of the London Association in Aid of Moravian Missions is L.A.M.M. Limited. L.A.M.M. Limited also acts as holding trustee for the Latimer & Ridley Trust. The managing trustees of the charity and the directors of L.A.M.M. Limited throughout the year were:
Mr. John Henry Martin Mrs. Jacqueline Kay Morten Mr. Keith Morten Mrs. Gillian Taylor Rev. Joachim Kreusel Ms. Maureen Colbert Rev. Robert James Hopcroft
The directors of L.A.M.M. Limited are elected by the members of the company.
The charity is connected, by commonality of objects and through common Trustees with the British Province of the Unitas Fratrum (Moravian Church), registered charity No 251211.
## Structure, governance and management
The Trust Deed or other constitutional documents cannot be found and are believed to have been destroyed by enemy action in the Second World War. The Directors of L.A.M.M. Limited meet regularly to direct the a ff airs of the Charity. At their meetings, the Directors consider the work of the Charity and approve, amongst other things, the Annual Accounts and Budget, material changes to the investment property and the appointment and/or dismissal of Directors and Auditors. New Directors are appointed in accordance with the Articles of Association of L.A.M.M. Limited.
## Recruitment and Training of Trustees
When a vacancy occurs on the Board, the PEC of the Moravian Church is invited to approach people with the essential skills and recommend them to the Trustees for their consideration. Having considered the CVs of prospective candidates, one individual is invited by the Trustees to attend a Board meeting as an observer. If the Board feel that the candidate is suitable, and the candidate feels similarly, he/she is invited to the next meeting and to be elected to the Board.
Trustees are directed to read the trustee handbook and guidance provided by the Charity Commission.
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The London Association in Aid of Moravian Missions
## Annual Report for the year ended 5 April 2023
## Objectives and Activities for the Public Bene fi t
The aim of the charity is to assist the missionary activities of the Moravian Church.
Activities that help to deliver this strategy include the e ffi cient management of the investment property.
The trustees con fi rm that they have referred to the Charity Commission’s guidance on public bene fi t when reviewing the Trust’s aims and objectives in planning future activities and setting the grant making policy for the year.
## Achievements and Performance
The charity does not engage in fund raising activities. The charity administers the property obtaining a fair rent.
Other forms of income are from Trusts not within the charity's control.
## Financial Review
A £60,000 grant was awarded to the Moravian Union for overseas mission work during the year (2022 - £61,691).
The Charity’s investment property was professionally valued in 2018 and the Trustees consider this still to be the fair market value.
## Reserves
The charity aims to have free reserves equivalent to three months' expenditure. Currently free reserves stand at £33,142 (2022 - £36,412), equivalent to fi ve months' expenditure.
It is the policy of the Trustees to apply substantially the whole of the net recurring income to the mission work of the Moravian Church.
## Plans for future periods
The plan for the future is to maintain the current level of income to be able to support the Moravian Church’s overseas mission work.
## Risk analysis
The trustees recognise that it is not possible to eliminate risk entirely. However, they are continually monitoring their original assessment of major risks to which the charity is exposed, in particular those relating to the operations and fi nances of the charity.
The trustees maintain the position that they are satis fi ed there are systems and controls in place within the Charity to mitigate the risks to which they are exposed.
## Going concern uncertainties
The charity is reliant on its investment property being rented and the support from voluntary donations. The Trustees believe that support will continue for further periods into the future and have thus adopted the going concern basis for preparing the fi nancial statements.
On behalf of the Trustees
Gillian Taylor (Jan 7, 2024 13:30 GMT)Gillian Taylor
Mrs Gillian Taylor Date: 07/01/2024
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London Association in Aid of Moravian Missions
## Trustees' Responsibilities for the Financial Statements for the year ended 5 April 2023
The trustees are responsible for preparing the Trustees' Report and the fi nancial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare fi nancial statements for each fi nancial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not approve the fi nancial statements unless they are satis fi ed that they give a true and fair view of the state of a ff airs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these fi nancial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fi nancial statements; and
- prepare the fi nancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which are su ffi cient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the fi nancial position of the Charity and enable them to ensure that the fi nancial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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 irregularities.
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## London Association in Aid of Moravian Missions
## Independent examiner's report to the trustees of The London Association in Aid of Moravian Missions
I report to the trustees on my examination of the accounts of The London Association in Aid of Moravian Missions for the year ended 5 April 2023 which comprise the Aggregated Statement of Financial Activities, the Aggregated Balance Sheet and the notes to the accounts, including a summary of signi fi cant accounting policies.
## Respective responsibilities of trustees and examiner and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner’s statement
I have completed my examination. I con fi rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Julie Mutton
Julie Mutton (Jan 8, 2024 08:45 GMT)
Julie Mutton, Fellow of The Institute of Chartered Accountants in England & Wales Evelyn Partners LLP Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
> Date: 08/01/2024
- 5 -
## The London Association in Aid of Moravian Missions
## Aggregated Statement of Financial Activities for the year ended 5 April 2023
|Unrestricted
Funds
Endowment
Funds
2023
2023
Note
£
£
INCOME
Donations and legacies
John Christie Trust
5,663
-
A. M. Bird Trust
240
-
Investments income
Rents and service charges
61,905
-
Interest
187
-
TOTAL INCOME
67,995
-
EXPENDITURE
Cost of raising funds:
Investment management costs
5
4,481
-
Expenditure on charitable activities:
Donations - Moravian Union
6
66,784
-
TOTAL EXPENDITURE
71,265
-
NET MOVEMENT IN FUNDS
(3,270)
-
Accumulated funds brought forward
36,412
1,400,000
ACCUMULATED FUNDS CARRIED
FORWARD
12
33,142
1,400,000|Total
Funds
2023
£
5,663
240
61,905
187
67,995
4,481
66,784
71,265
(3,270)
1,436,412
1,433,142|
Total
Funds
2022
£
4,598
480
74,948
4
80,030
10,371
71,551
81,922
(1,892)
1,438,304
1,436,412|
|---|---|---|
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## London Association in Aid of Moravian Missions
## Aggregated Balance sheet as at 5 April 2023
|Note
Fixed Assets
Investment property
7
Current Assets
Debtors
8
Bank deposits
Liabilities
Creditors: Amounts falling
due within one year
9
Net Current Assets
Net Assets
Represented by:
Permanent Endowment fund
12
Unrestricted funds
12
Total Funds|£
2,425
96,011
98,436
(65,294)|2023
£
1,400,000
33,142
1,433,142
1,400,000
33,142
1,433,142|£
36,847
69,547
106,394
(69,982)|2022
£
1,400,000
38,103|
|---|---|---|---|---|
|||||1,436,412|
|||||1,400,000
36,412|
|||||1,436,412|
The accounts were approved by the Trustees and signed on their behalf by
Gillian Taylor (Jan 7, 2024 13:30 GMT)Gillian Taylor
Mrs Gillian Taylor Trustee
> Date: 07/01/2024
- 7 -
## London Association In Aid Of Moravian Missions
## Notes to the accounts for the year ended 5 April 2023
## Status
The London Association in Aid of Moravian Missions (“the charity”) is an unincorporated registered charity with the Charity Commission. The charity number is 247127. Its principal address is Moravian Church House, 5 – 7 Muswell Hill, London N10 3TJ.
## 1 Accounting policies
The principal accounting policies are summarised below:
## Basis of preparation
The fi nancial statements have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS102”) including Section 1A, and with the Statement of Recommended Practice applicable to charities preparing their fi nancial statements in accordance with FRS102 (e ff ective 1 January 2019). The fi nancial statements are also prepared in accordance with the Charities Act 2011.
The charity is a public bene fi t entity as de fi ned by FRS 102.
The fi nancial statements have been prepared under the historical cost convention except as otherwise stated.
The fi nancial statements aggregate the accounts of the Association and those of the Latimer & Ridley Trust, a linked subsidiary charity having the same trustees as the Association and which is obliged to pay its income to the Association. The Trust is included in these fi nancial statements as endowment funds.
## Exemption
The Charity has taken advantage of the following disclosure exemption in preparing these fi nancial statements, as permitted by FRS 102.
- the requirements of Section 7 Statement of Cash Flows.
## Going concern
The charity is reliant on its investment property being rented and the support from voluntary donations. The Trustees believe that rental income and support will continue for further periods into the future and have thus adopted the going concern basis for preparing the fi nancial statements.
## Income
All income is recognised when the charity has entitlement to the income, when its receipt is probable and when it can be measured with reasonable certainty.
## Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure is charged on an accruals basis. Charitable activities represent expenditure on meeting the charitable objectives. Grants payable are payments to the Moravian Union in furtherance of the charitable objects of the Association. Investment management costs comprise those costs associated with the management of the investment property. Governance costs include those costs which have been incurred in complying with the charity’s constitutional and regulatory obligations.
## Investment property
Investment properties are included in the Aggregated balance sheet at their open market value accordance with applicable accounting standards and are not depreciated.
## Operating leases – Lessor accounting
Investment properties are held for use in operating leases. Rentals receivable are credited to income on a straight line basis over the lease term.
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## London Association In Aid Of Moravian Missions
## Notes to the accounts for the year ended 5 April 2023
## 3 Key judgements and estimation uncertainty
The preparation of fi nancial statements in conformity with generally accepted accounting practice requires management to make estimates and judgements that a ff ect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.
## Judgements
The most signi fi cant judgement made by the Trustees in preparing the fi nancial statements relates to the use of the going concern basis for the preparation of the fi nancial statements, as described in note 2.
## Estimation uncertainties
There are no signi fi cant sources of estimation uncertainty other than the valuation of investment properties which requires the judgement of the trustees after taking appropriate independent valuation advice.
## 4 Employees
The average number of monthly employees, including Trustees, during the year was nil (2022 - nil).
## 5 Investment management costs
|Investment management costs|||
|---|---|---|
|Property outgoings|2023
£
4,481
4,481|2022
£
10,371|
|||10,371|
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## London Association In Aid Of Moravian Missions
## Notes to the accounts for the year ended 5 April 2023
## 6 Analysis of charitable expenditure
The charity undertakes its charitable activities through grant making and awarded grants to a number of individuals and institutions in furtherance of its charitable activities.
|duals and institutions in furtherance of its charitable activities.|||
|---|---|---|
|Grant funded
activity
Support costs
2023
2023
£
£
Moravian Union
60,000
6,784
60,000
6,784
reakdown of support costs is shown in the table below:
2023
£
Independent examination fees (governance cost)
4,707
Accountancy fees
-
Legal and professional fees
2,057
Other costs
20
6,784|Total
2023
£
66,784
66,784
2022
£
5,625
1,000
3,214
21
9,860|Total
2022
£
71,551|
|||71,551|
||||
The breakdown of support costs is shown in the table below:
All support costs are allocated to charitable activites.
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## London Association In Aid Of Moravian Missions
## Notes to the accounts for the year ended 5 April 2023
## 7 Investment property
|Investment property||
|---|---|
||Freehold property|
||£|
|Valuation||
|At 6 April 2022|1,400,000|
|Surplus on revaluation|-|
|At 5 April 2023|1,400,000|
|Comprising||
|Cost|305,169|
|Annual revaluation surplus / (defcit):||
|2007|514,331|
|2008|(40,975)|
|2014|(203,525)|
|2015|625,000|
|2018|200,000|
||1,400,000|
Charlton House was revalued from £1,200,000 to £1,400,000 based on Drivers & Norris Chartered Surveyors’ August 2018 valuation. The investment property is used to generate investment income for the charity and has been included at the trustees’ assessment of open market value as at 5 April 2023.
## 8 Debtors
|Debtors||||
|---|---|---|---|
|Prepayments
Other debtors
Creditors: Amounts falling due within one year
Grants payable
Accruals
Legal and professional fees||2023
£
2,175
250
2,425
2023
£
60,000
5,294
-
65,294|2022
£
36,847
-|
||||36,847|
||||2022
£
61,691
5,400
2,891|
||||69,982|
## 9 Creditors: Amounts falling due within one year
## 10 Trustees and related party transactions
No trustee received any remuneration nor was reimbursed any expenses in the year ended 5 April 2023 (2022 – none).
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## London Association In Aid Of Moravian Missions
## Notes to the accounts for the year ended 5 April 2023
## 11 Taxation
Under current tax legislation, the charity is exempt from taxation on income and gains, to the extent that these are applied to its charitable objects.
## 12 Funds - Analysis of net assets
|Unrestricted Funds
Endowment
Funds
Total Funds
2023
2023
2023
£
£
£
Freehold property
-
1,400,000
1,400,000
Debtors
2,425
-
2,425
Bank and cash
96,011
-
96,011
Creditors
(65,294)
-
(65,294)
33,142
1,400,000
1,433,142|Total Funds
2022
£
1,400,000
36,847
69,547
(69,982)
1,436,412|
|---|---|
The Endowment Fund represents those assets held permanently by the trust. The revalued amount of the investment property listed in the Latimer & Ridley Trust’s accounts is represented by the amount listed within the Endowment Fund.
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## London Association In Aid Of Moravian Missions
## (Excluding Latimer & Ridley Trust)
## Statement of Financial Activities for the year ended 5 April 2023
||Total Funds|Total Funds|
|---|---|---|
||2023|2022|
||£|£|
|INCOME|||
|Donations and legacies|||
|Latimer & Ridley Trust|55,000|62,191|
|John Christie Trust (Tods)|5,663|4,598|
|A. M. Bird Trust|240|480|
|Investments income|||
|Interest receivable|78|2|
|TOTAL INCOME|60,981|67,271|
|EXPENDITURE|||
|Charitable activities|||
|Donations - Moravian Union|(60,000)|(61,691)|
|Support costs:|||
|Independent examination fees (governance costs)|(4,707)|(5,625)|
|Accountancy fees|-|(1,000)|
|Legal and professional fees|(73)|(97)|
|TOTAL EXPENDITURE|(64,780)|(68,413)|
|DEFICIT FOR THE YEAR|(3,799)|(1,142)|
|Accumulated funds brought|||
|forward|25,610|26,752|
|ACCUMULATED FUNDS|||
|CARRIED FORWARD|21,811|25,610|
This page is for Trustees' use only and not for publication
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## London Association In Aid Of Moravian Missions
## Statement of Financial Activities for the year ended 5 April 2023
## LATIMER & RIDLEY TRUST
|Unrestricted
Funds
Endowment
Funds
2023
2023
INCOME
£
£
Investment Income
Rents and service charges
61,905
-
Interest
109
-
TOTAL INCOME
62,014
-
EXPENDITURE
Charitable activities
Investment management costs
Property outgoings
(4,481)
-
Donations - L.A.M.M
(55,000)
-
Governance costs
Legal & professional fees
(1,984)
-
Other costs
(20)
-
TOTAL EXPENDITURE
(61,485)
-
Gain on revaluation of investment property
-
-
NET MOVEMENT IN FUNDS
529
-
Accumulated funds brought forward
10,802
1,400,000
ACCUMULATED FUNDS CARRIED FORWARD
11,331
1,400,000|Total
Funds
2023
£
61,905
109
62,014
(4,481)
(55,000)
(1,984)
(20)
(61,485)
-
529
1,410,802
1,411,331|
Total
Funds
2022
£
74,948
2
74,950
(10,371)
(62,191)
(3,117)
(21)
(75,700)
-
(750)
1,411,552
1,410,802|
|---|---|---|
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