Ch•rlty reglstratlon number 266600 (England and W¥l•81 SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chortered Certified Accountants
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK LEGALAND ADMINISTRATIVE INFORMATION Tru¥t••s Dr Brigltte Jurack Lutz LÈmmer Rev S HaKmann Mr J Hoffmann H O'Kane Rev K Othmor (Appolnted 20April 20241 (Appointed 20 A1 2024) IAFvointed 20 Aprfl 2024} Ch•rlty numb•r {England and Wale•l 266800 Prfnelpal addre•• 10 Sandch Stre?1 London WC1H 9BL Ind•p•ndont •Mmln•r John Cglodine FCCACTA FCIE Caladlne Llrnlted Chantry Hou8e 22 Upperton Road EA&tbourne EgBI Su98ex BN21 1BF
SYNOD OF GERMAN4PEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK CONTENTS Tru$tees' report Ind•p•ndent examlnerfs r•port Statement of fflnandjl actlvllle8 Stslem•nt of Ilnandal po6lUon Note8 to the Ilnpnclal 8tgt•mento 9-24
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Thè TTUStees present Iholr annual report and financial Statements for the year ended 31 December 2024. The financial 818lements have been Pfepared In ac£ord8nce with the accounts'ng pole$ set out in note 1 to the finanu81 statements and comply with the Synod's goveming document. the Chorilies Aci 2011, FRS 102 'The Financial Reporting Standard applicablo In th8 UK and Republic of Ireland" and the Charib'es SORP "Accounbng and Reporting by Charities.. Staternent of Recommended Pracbce applicable to charitie5 preparillg their accounts In a¢¢ord8n¢e with the Flnanrial Reponing Standard 8ppllcable Sn thè UK and Republic of Ireland IFRS 1021.. Objoetlves and •ctlvltle¥ The Synod 18 esl8bli8hed to 8dvan¢8 the protestant Chrlstian rellglon, amongst Gerrnan Sp88kèrs In Great 8rit81n. In a¢hlèvlng thls object. the Synod losters solidarity betsveen its rnember con9regations and a cotnmon 8PPToa(* to questions of Chri6tsan fuith and ltte. It attends to the ecrJe¥la$J¢o1 and 80dal Ihe of the congr8gatlons and concems Itself whh the malntènance ol Christian Iwe. The Synod provldes th8 congreg•llons vAth mlnlsteT8, advlce, tralnlng. and ov•rslght 80 that th•y can provide public ben¢ffil$ in accordance wth Ihelr ¢h8rftabl8 oblective8 and thelr Bgreement$ ¥th Ihe Synod. Public b&n&fjt The Tru8le&s have pald due gard lo guld8nce Issued by th• Charity Commis81on in decldlng what actlvllles the Synod should undertake. Achlevemont• and pprfonnane• MTnisÈry The Synod 16 r•spon$lbl8 for providlng and organl85ng offectlve German-speaklng Protestant rninl31ry In Great Br+tain. It 8UPPOrts the mernber congreyallon$ by employing paslor3 8nd p88toral A8818t8nl¥ for German wor8hlp ond PAslor81 c8re when needed. even where there Is no OTganised ¢ongMgatlon. Al the •nd of 2024 seven p88tors ware employed. who worked th 16 congregollons 8UPPOrtkng about 30 place6 of WOf8hW. Quality M8n8gem&nt The Synod supports the membtr congregations by visilBlion pnd Iralnlng. A visllatbon to A Congreg•0 8el& In motlon a proce3s of rellection,. whether Ihelr acllvllleB m8tch thelr objectives and whether Improvernent is possiblé. Volunieer tralning ehabl•s them to lead worship, to offer worship for children, lo load the congregalon 8nd t manage its financ&8. This supports good goveinance and developB the skllls of the current and lutur8 lay cornmunlty. helplng to ensure the bng-lemi contlnulty of the congre9alion$. Adminislrollve Support lo Congr8g8tton$ The Synod 5UPPOrts the mernber ¢gnggaon8 ty giving advlcè, examlnlng thelr flnanc&8 and legal documents, and providing them with templates for their day-to4ay work. The Synod holds a Grade A Sponsorship License for the UK Visa Immigration Sponsorship Scherne and o$$1$ts new pastors with the vlsa appllcauon process. The Synod arr8nge8 an annual meeting for the Tr885urers of the congregatsons to di$cuss financial rnatter5, 8h8re best practKe6 and gain a better understanding of the financial needs acr055 the Synod. Fin8nci81 Support lo Congregations The Synod suppor15 ihe member ngregatIOnS by giving grants. It gives support grants towards the church work, supports children'5 groups, spedfic projects and outlngs, parlly pays lor repair8 10 the rectorfes Inhabited by the pastors and supports CongregaOn5 In deficit.
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Nelworking between Congr8g81ions The Synod Assen*)ty is held èach spring as the Synods annual general mgollng to provide opportunitles lor trustees of tho congregations throughout Great Britain 10 Share their ideas for congregational work and to dlscusg matter8 of Christion faith. In addllion, a successful weekend retreat wa3 held in Norfolk In October 2024. R8presentalion The Synod repr88ènts Gennan Speaknng Protestants at the Goman Embas8y, at Ihe Gener81 As8embty of Evangelische Klrche in Deutschland IEKDI In several ecumenl¢al organlsatlons throughout Great Bril8in and In Europe. It d8liver8 8 presentation about the German-spe8klng church work In Gre8t Britaln at the Deutsch8r Evangtll$¢her Klrchentag In Gen8Y. Administr8liv8 Support ID COngregoOn8 The Synod 8UPPOrts the member congregatlons by glvlng advice, tsx8mlnlng their fix8nc•8 and legal dcKurnenl8, and providing Ih¢m th lemplates for theiT day.to.day work. The Synod hold5 8 Grade A Sponsorship Llcgnca lor the UK W8a Immlgratlon Spong¢r8hlp Scheme. Fin8ncio1 Support lo Congrng81ions The Synod support$ the member congregallon$ by glving grants. 11 g5ve$ sUPPOrt gran18 lowardB the church work. 8UPPOrts children'$ groups, specffjc projects and outlngs, pBrtty pays lor repalrs to ih¢ man8e8 occupled by tha P8Stor8 and supports congregatltsns in dèficrt. The Synod further supports member congregatson8 by 8pplylng to the Kaiser Wlhelm11 Fund for grants vthich gre then d18trfbut•d to the Congregations. N8fv/orting betlveen Congregalions The Synod As88mbly held each Bprlng as the Synods annual gèneral meetlng, and the Church Treasurers, day usually held 8ach wnler provide opportun16$ for Iruslee¥ ol th• congregatlon8 IhToughout great Brilaln lo shara thelr Idèas for congreg8llonJl work and to dlsoJ88 mattefs ol Chrfsti8n farth. Reprgsenlalion The Synod represents German $pe8klng Proteslant5 al the Gtrman Emba8By, al th• Gener81 A85ernbty of Evangeli8chÉ Klrche In Deutschland IEKDI and In several ecurn¢nical organiBatyons thfoughoul Gat Britaln and In Europe. It dèllvers a pres8nt8tion about Ihe GerrnBn-$peaklng churth work In Great Britsln at tha Deutsch Ev8ng¢ll8che Kirchentag In G•m8n. FinAnclal r•vlew After mgklng appropriate en4uIrté8, the trusteeB h8vo a reasonable expecte0n that Ihe chaty hA8 adequate Tosources to continue In oparatlonal exlstence forthe next year and for the foreseeable future. Income Th& Synod has 8ffecliwly 4 sources ctf inctrm8. The Synod's Income clerives for the largesl pari from conlribullons by the congre98tions of £304,000 or 59%12023'. £320,424 or e8%1. The Synod Assembly determine$ the contn'bulion to be paid by each congreg80. The amount for 2024 was incre88ed to £60,00012023.' £56,CKJOI to move doser lo ¥ b8l#nced budget. ran nd donation The Tru#tèèS 8re most grateful for grants and donation5 ceiVed 2024. In 2024 8 grant of £75,000 v48È madè by the Sthroder 1905 Trust IReyist¢r¢d Charlty Number 11177481 frjr a variety of act411¢5 aimed al creating an actlve community life. Furthermoie, the Synod received a legacy In 2024 of £14,55612023'. nill.
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 om Nel income from investments in 2024 Amounted to £44.53212023-. £42.7951, the malorfty ofwhlch was derfved from dSvidends th £4,15812023." £3,298) being interest Incorn8. ther fln8ncial co In 2024 a finBn¢lo1 contrtbulon of £68.449 12023.. £43,435) towards the costs of the ppstoral assistsnl8 from the congragations In London-61 wa$ received. Expenditu Salarie8 of thè pAstors represent the larg*$l part of the Synod's •xp•ndlture of £380,584 or 73%12023.' £382.378. or 78%) Th¢ employment costs of rnost pastors are denomlnaled In Euros and are th$rèfore Impacted by fluctuaung cvrrgney exchange rate8. In 2024 the Synod provld¥d )Inandal support lo th• Congregations at a lol91 omount of £48,78312023'.£38,1801. In 2024 the Synod incuired lolal •xpenses of £82,843 12023.. £82,352) lo provld¢ adminlstralive support to tha ngregatlons. The malorlty of Ihase c05t5 were boma by sa18rie5 for the BdminlstratNe and financlal support staff totalling £43,146 12023.. £38,329). The bal8n¢e was spent on Bu¢h Items as legal fee8, Insurance, accounting support, ¢08ts lor th¢ Independent examln•r and other adminl$trative rtams. During the fln8n¢lal year 2024 net assèts Saw an overall inuease of 2% mainty 89 B re$ull of unrea118ed g81ns on Investment$. The value of the Synod'$ net assets as at 3111212024 increased from £1,655,139 to £1,685,934 as reault of favourable capllal mark818. Resul In 2024, the Synod had a nBI surplus of £30,795 12023.. $urplus of £83,855). The Synod's unreslrlcted funds inueased by £111,39312023." Increased by £28,469). The Synod recelved no grant5 or other Sncome from central or local gov&mment. Reserve8 policy In 2024, the unrestrfctgd fvnds Ire8erve5151ook Bt £948.89212023'. £837,501). The Synod's policy for holdiny rè$orves Is lo keep the liquid amount of unreslriGted fvnds at least equal tr) 24 months of operating expenditu$, le53 the direct C081s of mlnlslry, lo safeguard Ihe cOnnty of Dperats'on$. In the Trustees, judgement, the adequate minirnum amount to be held as liquid General Reserves for thi¥ purpose rem81ns sèt at £200,000. At th8 ènd of 2024, the arnounl kept in cvrrent accoun15 and cash-equivelent fixed term th b8nkln9 in5titubons located in the UK and In Gemiany was £251,69712023.' £246,869). Resirlcted Funds The Salary Savlngs Funds is an ino¢m8 lund holding the unspènt part of the congreg8tsons' Synod fee5 for covering the costs of ministry. The fund had already been exhausted to £0 8$ of 3111212024. The Congregation SLtpport Fund 5s an income fund holding donations given in past years by tho EKD and similar bodies foi supportlng the congregabons that rnake up the Synod in ways to be declde¢J ty the trustees. The lund decreased ty £1.442 In 2024 and stands At £184,470 on 3111212024 13111212023.. £195,912}.
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Congregatson Shortfall Fund Ifomerfy called Grant Retalned In Germany Fun¢Jl is an Income fund hol¢Jlng donatSons given In p8$1 yéars by the EKD for coverin9 the salaries of p8Stor8 and for supports'ng the congregaltons that mak¢ up the Synod. This fund was ret8lned entsrety in Germany before 2017. The value of this lund decrea8ed by £79.154 in 2024 and stands at £542,571 on 311121202413111212023.. £821,728). Inv•stm•nt Policy and Obb¢tlve8 The Synod'8 inve81Tn6nt policy, a6 defined by the Trustees In consuhatSon wlth th8 Synod's ffin3ne• committee, permtts Investlng 811 rèstrfcted and Un$tred lunds of the Synod, except Page 9 of 31 Synod of German-speaking Lutheran. Reformed ond United Congreg8t5ons in Great Brlt8ln It8 Uquld General Rese0$, In athlcal, dlveT61fied muhl-assel funds th balanced risk 8xposure and to transfer invostments withln the CDngffjg8tlon Shortfall Fund Ihai are held in Germany lo tht UK. The trustees are satisfied Ih8t the inveBtrnent pollcy Conlnues to be Sultèble for generating increased ietum on the Synod's Invested lund5. Pollcl•s for the paym•nt ol StAff The remuneration ofthe pastor8 posted lo employment by lh8 Synod In the UK under ts agreement th th• EKD18 Set by the EKO In accordance with 118 worldwde procedure8. Tru51eès who are also employed as p88tor8 have thereforè no role in sett4ng thelr own remuneratlon. The 8alar10s of non-EKD pastors, pastoral gssislants and of the olncè stgff are Sel by the InJstee$. Rl•k Man•g•m•nt The trustees have a$sa88ed Ihe malor rfsks lo whlth the Charily Is expoBod, In partlcular thos? related to the oper8tton6 and flnances of the Charity. Th• trustees are 8atssfied that ad•quate processe8 and ntrol procedures are in pla lo mrtlgate the charty's ¢xpo8ur• to these rlsk8. Employ¥f$11gblllty, public liabllNy, p•rsonal Inlury, propety and lag81 protectlon Insur8ne& polldes are In place. Structure. gov•rn•nc• ¥hd manag•m•nt The Synod Is an unincolporated ecde8iastlcal charitable aÉsoci8Ion oovernÉd by Its Con8titutlc I"Synod8lordnung'l of 12 M8y 1973 85198t amended by the Synod AsB8mbty on 29 April 2023. Gov•mlng 8ody The governing body of the Synod 18 the Synod Assembly. It cons15t5 of the trustees. the pastor8-In-offlc• of the pastoral reglons. one delegate Irom each congregatlon lYAth a minimum of three delegate3 from each pastoral Tegionl and up to seven extraordinary members 8ppolnted In 8¢cordance with the Constitutlon. The Synod As5embty meets Ofdlnadly once 8 year. The Synod Assembly elects the Synod's irustees and con15mis the gppolntmenl of Ihe treasurer If the treasurer is not a truBtee. The Synod Assembly derides on th8 staluies of the Synod. set5 rts budget and Its mombers, contribution5 and Teceive$ the 8nnu818ccounts. Tru•l•e$ The Synod Council Is the execubve orgpn of the Synod and its elected members are the tru8tee8 of th8 ch&rfty. The Synod Councll Is Te5ponsible for thè Synod affair6 alld h88 all requlr¢d powers for this purpose unless they are alloGaled to the Synod As¥ernbly by the Constitution. Trustees are elect8d undBr th& terms of the Consb'lulion. Elections lake place every the years at the Synod Assembly. Trustees may be re-elected. The trustees act Iwthin the Synod's mandate and are accountable to the Synod Ass8mbfy. Th¢y report lo the annual me¢tlng ol the Synod A¥sembly. The trustees are voting rnembers of the Synod Assembty.
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tru$tee8 are Inducted Into their SponsI41&S and duties on the basis of ChaTty Ctsmmlsslon publicafjon8. They are provided wth copies of the Charrty's governlng document Bnd have equal rlghl ID informatlon about the Charty's busineBB. They 8re familiar wlh the phllosophy, history and obleclives of the charfty. Ongoing trustee development lakes place as required. Trustees have considered th8 Commisslon's guidance on public benefit. and partlculaty the 8pedfic guldance on charflies for the advancomenl of religion. Lgad Trusteè lor Flnon¢• Tho 18ad Irustee IOT flnanca has delegated re$pon8ibllty for intem81 conlrd$. Admlnlgtr•tor Tran8actlons Ar• perforThd by the Fln8ndal AdmlnlBtraloT, 18 •mployed by th• Synod at its office, under th• "lour eyes. prfndple. Tru•te•• Tho Trustees vtho served durlng th8 year and up lo th• dot8 of slgnature oltho fflnandal Btstements w•r•: Rev Verèno Jantzen Dr Brigitte JurAck Pastor Kai Thierbach Dr Ml¢h¥•l8 ScheveanFree¥IQn* Lutz Lemmer Rev S Halfmann Mr J Hoffmann H O'Kane Rev K Othmar (Railgned 21 Aprfl 20241 IR•slgned 21 Aprll 20241 IRe$lgn•d 21 Aprll 20241 (Appointed 20 April 20241 (Appointed 20 April 20241 (Appointed 20 April 20241 Fund• h•ld •• CUBtodl•n tru•t•• The Synod acts as Custodlan Tru8t•e for the Gem8n S•afare¢s Mlssion IDSMI. by holdlng fund8 and deallng vAth transactions on Iheir behalf. These monles, whllst temporarily under the control of the Synod, 8re not the property ol the Synod and ha therefore been excluded from the Bccounts. The totsl balance hold on DSM'S behalf at 3111212024 waB £5,188. The TruBlee$' rèport w98 approved by th¢ Board of Trustees. C4A408 Rev ¥'rfrnann Tru8t¢e 29 May 2025 D818'.
SYNOD OF GERMAN4PEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SYNOD OF GERMAN4PEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN I r8POrt to the Trustees on my examlnation ol the finanu81 $latemenls of Synod of German-speaklng Lutheran. Rgformed and United COngraOn5 In Great Britain Ith8 Synod) lor the year ended 31 December 2024. ResponsIbilitl and b•818 ol report As the Trustees of the Synod you are responsible lor the proparatlon of the flnanclal ¥lal•mon15 in accordance vmh tha r8qulremet7ts of the Charitles Act 2011. I report In resped of my examlnatlon of the Synod's financi818tstements carried out under aectlon 145 of the Charitse5 Act 2011. In carrying out rny ex8mln81Ion I have followed tht Dlr8dons glven by the Charfty Commlsslon under 8e¢llon 14515llbl ol the Ch8rttie8 Act 2011. Ind•pendent oMmlnerf• •tstèm•nt Since the Synod'$ gross Income exceedéd £250,000, the Independent •xamlneT rnust be 8 m•mb8r of a body1I8ted In 5ectlon 145 of the Charities Act 2011. 1 confifrn that l Bm quoltn*d lo undertake the ex3mlnatlon becau89 1 am a member ol ICAEW, which h one of the listed bodle6. Your atlention 18 drpwn to the fact that the ¢harty h88 prepared tha fln8nclal statement5 In a¢¢ordance wlth the relevant ver8ion uf Ihe Statement of Recommènded Practlce appllc8ble to charities preporlng their fin8ndal Statements In 8ecordance vlth tho Flnanaal Reporting St8ndArd applicable In the UK and Rèpubllc of Ireland IFRS 1021 In preferance to the AOUng and Reporting by charas.. Statement of Recommended Practlce i88ued on 1 April 2005 which is referred to in the ext8nl regul¥llons but h85 now been wlthdrawn. l understand Ihal thls has been done ordèr for the flnancjal statements to provid8 a true and fair ¥iew in accordance wllh UK General Accepted Accounting Practice. I he eompleted my examln8llon. l Confimi that no mJtt•rs have come to ry #ttantlon In connectlon whh th8 examination giving me cpuse ta belleve that In any m8leTlal respect.. ccountlng records were not kept In respect of the Synod 8$ requlred by 8eGllon 130 of the ChgrttleB Act 2011. the finandal 8t¥lam•nts do not accord wllh those records.. or th¢ finandal stalernenl$ do not cornpty wth the appl[ble requlrern8nlB COnmIng the form and contènt of flnanclal statements È•t out In the Charitiès IAccounts and Reports) Regulations 2006 olh•r than any requ1ment th81 Iht flnanclal statements glve 8 true and f8lT tw, whl¢h 1$ not a matter conBldeMd 89 part of an independent examinatson. I have no concerns ond have corne ?UD$S no other matter¥ In connecilon wlth the èx8mlnatlon to whlch attention Bhotjld be drawn in thls report in order to enable a proper understanding of the finan(ial stotements to be reach8d. John C•l4dlne FCCA CTA FCIE C818dSne Llmited Chantry Hou8e 22 Upperton Road Easlboume East Sussex BN21 1BF D8te'. •1(
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•8trleted Regtrlcted funds funds 2024 2024 Total Unrestrlcted R1cted lunds fund• 2023 2023 Total 2024 2023 Not•• Income from: Donatson5 and legades Chadtsble activltie8 Investments 89,558 112,524 21,018 89.556 376,848 44.532 70,000 1,285 19,725 70.000 367.104 42,796 284,324 23,516 365,809 23,071 Tot•1 In¢om• 223.096 287.840 510.936 91,020 388.880 479,900 Exp•ndliur• on: Charitable adivltl•8 129.730 394,368 S24.098 101,251 385.942 487,193 Tol•l •xp•ndlture 129,730 394,388 524,098 101,251 385,942 487,193 Nel g8lnsllloGsesl on Inyf ¥lments 11 20,224 27,928 48.152 39.233 54,179 93.412 M•t In¢omell•xpondlturvl 113,590 178,6001 34,990 29,002 67,117 86,119 Oth•r rncognl••d galn• •nd 108sM;; Olher losse8 13 12,1971 11,9981 14,1951 IS33) {1,7311 12,2841 Net movement In lunds 111.393 180,5981 30.795 28,469 5S.388 83,855 Recon¢lllatlon of lunds.. Fund balanco5 ¥11 Januory 2024 837,499 817,840 1,855,139 809,030 762,254 1.571,284 Fund bal*nc•s at 31 DeMbar 1024 948,892 737,042 1.885,934 837,499 817,640 1,655,139 The $tsletnent ol finanaal activities Includes all gains and108$0s recognlsed In the year. All Sncome and expenditure dele from continulng 8Ctivltlès.
SYNOD OF GERMAN-SPEAKING LUTHERAN. REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK STATEMENT OF FINANCIAL POSITION AS AT 31 DECEAI8ER 2024 2024 2023 Note• Flx•d ••••ts Propety, plant and equlpment Investrnents 14 15 1.718 1,451,046 1.421,121 1.422,285 1,452,782 Current ag••ts Trade and other raC•able8 Co8h at bank and In hand 16 77 301.876 10,825 246,889 302.053 136.3841 257,494 15S.1171 Current Il•bllltl 17 N•t curr•nt ••Bet• 283,869 202,377 Totsl 4•••t• l••• ¢urr•nt Il•bllltl 1.885,934 1.855,139 Th• fund• of th• Synod Re6trlcted Income fundi Unr•Atrlcted fundi 737,042 948,892 817,640 837,499 1.885,934 1,655,139 The ffinandal ststements were approved by the Tru8tee8 on .............. . Re¥¥aIr mann Tru•t••
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclas Challty Inforniatlon Synod of Germ8n-$peaklng Luther8n, Relorrned Bnd United CongregatlOn8 in Gre4t Britain is an unlncorporal?d charty, govemed by Constitution. 1.1 Accountlng conv•ntlon Accounts have been prepafed on accruals basis in acwrd¥n¢6 wlih the rules appllcable to non-company reglstered chBrrtle8 wllh a gross income ol over £250.000. As 8 publlc benefit antity under FRS102. thè charity has prepaTed the flnanclal statement8 in aCCOTd8nce wllh tha Charities SORP IFRS1021 effectlve 1 January 2015. The ffnandal slalements have been prepared under Ihe hlstortcal cost convenUon. Th• flnanelal statements have departed from the Charlties IAccounts and Rèports) Regulations 2008 only lo tha extent required to provide B tTUe gnd tslr view. This departure has Involved following Ihe Slatemtnt of Recommended Pr8cJc8 lor chariUeG applylng FRS 102 r•lher than Ihe version ol thè Statement of Recommended Practice whlth 1$ referred to In the RegulplSon$ but which h8s slnce been wllhdrawn. The flnAncial statements hre prepared In st8rtlng, which 18 the hjnclional currency of the Synod. MDnelary amounts In these flnanci81 stal•ment& ara rounded to the nearest £. The financial 813lement3 have b••n prepared under the hlstor(cg1 COBt convenuon, modffied lo Include the revaluation of ¢ertgln financlgl Instrument8 at fair valua. The princlpal accovnting polide¥ adopted are set out below. 1.2 Golng eone•m All incom? and expendtture have 8T15en from ccnllnulng ActltIes. Havlng token all available information Into account, the trustea& hAv8 8 reasonable expectslioll thjl th• charity has Bdequale r¢sour¢es to continve in operatlonal èxistence for the nexi 12 months 88 well 88 lor the foreseeable lulure gnd thus are sats"sfied that there are no matérlal uncertainlies about the thgrty's ability lo continue 88 a golng concem. 1.3 Ch•rftabl• fund• Unrèstrfet8d funds can be used In accordance wlth the charliable objeCv¢S gt Ihe dlsuetlon of the Tru31¢0$. Rest¢1¢ fund8 can be used fcf partlcularfy restricted purpo808 wllhln thg oblects of the charity. R8StrfcUons arf68 when Specified by tho donor or when fund3 are r8i$&d foi p#rtlculaty resirfcted purpose8. 1A Incom• All income 18 re¢ognlsèd in the Staternenl of Financial Activitles once the charity has entitlement to the funds, it 18 probable that the Income will be received, and the amount can be measured rell8bly. Contractual incrne IB recognised once the service has been provld•d. Gffts in klnd are accounted for At 8 reasonable estimate of thèir falr volues lo the charity 81 tho amount realised on sale. Donated servlces are induded in income and expendiiure where the benefit to the chanty is re850nably quantffl8ble, measurable and m8leri81 at the estimated value lo the tharity, wlth exception ol vLlunl¢or help whlch Is not included in th¢ aecounts. Cash don8tSons are recognised receipt. other donallons are recognised once the Synod has been notified of the donalion, unless performance conditions require deferral ol the amount. Income tax r8eov8r8ble In relation to donatlons received under Gift or deed5 01 covenant Is recogni5ed at the tirre ol the donatlon.
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcleo Icontlnuodl Le9acles are recogni5ed on rpcelpl or OtheSe ff the Synod ha5 been notified of an impending dl$tribution, the amount 18 known. and receipt is expected. 11 the amount is not known, the leg8cy 18 treated as conlJ"ngent asset. 1.5 Exp8ndltur• Liabilities are roco9nised as expendtture as soon os there ly ? legal or con5tructlve obllgatlon comrnltung thè charity lo Ihol expenditUT8. It Is probable that a transfer of economic benefits will bv required in settlement 8nd the arnounl of the obligation can ba m•asured 11abty. Expenditure is accounted for on an accnJal8 b881$ and has been d858ified under headlng¥ th81 aggregate all Cost related lo the category. ere co¥t¥ cannot be dlrectly 8ttribut8d to a specific headlng, they have been gllocated lo adlvlll?$ on a ba615 consbslenl vAth th• use of resou$. 1.6 Prop•rty, pl•nt •nd •qulpmènt Atanglble fNed a58et 1$ capllollsed 51 tts InlU81 co¥1 al l•Ast £500. Fixed a58el Inve$lmèntS are mea6ured Inltlally al Cost and revalued 8t th8 end of the rèporting period to their falr valu¢. Th8 value of investment fund8 is based on the untt bid pnce. For Inve81mènts listed or traded on o recogni¥ed exchange. IBlr valut 1$ th8 market value. If the falr value cannot be measured reliably, indudlno for oodal Inv88lments. Tevalualion Is based cfi cost leos impgirmenl. Deprecl8lk)n Is recognised so as to wrlta off the COBI or valu8on of a88et8 levs thoir re8idual values over th•lr uselul lives on the follovéing ba8i8'. Computar8 Llnear over four years The 98ln or1088 arlslng on Ihe disposal of an asset is delemilned 88 the difference beeen the 8blo pro¢egd8 and tho carying value of the Oss, and Is recognlBed In the $tatem8lll of financlal actlvliles. 1.7 Non-current Inv6slm•nts Flxed a65et investments are inrtially mea$ur¥d at tr8n3actlon prtc• exctudlng trensactlon c08ts, and are subsequently me85ured at lair v8lue 81 each reportlng dale. Changes in fair value are rocogn15ed in net lncome1lexpendUrel lor the year. Transaction costs are expen88d 88 incurred. 1.8 Imp•lnnent ol non-curronl ASBet• At each reporung end datè, the Synod rev7ewÈ the carylng amount¥ of its tangible asset8 lo detemine whether there is any indication that Ihose assets have suffered an Imp•lment loss. If any Èuch indicaiion exlsts, the recoverable Amount of the 8lÈèt l& e8tsmated in ordor lo datemiine the extent of the impaimient loss lif any). 1.9 Cagh and ca#h •qulval•nts Cash and cosh equlvalents include cash in hand, deposlts held al c811 with banks, other 5hort-t¢mi Ilquld inve5trnents with original m8lurities of ihree months or less, and bank ovèrdrafts. Bank overdrgfts 8rg shown wtthln borrowings In cuffent Ilabilibes. 10-
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•s IContlnu•dl 1.10 Fin4n¢lal Instruments The Synod has elected to 8ppty Ihe provi&ons of Secuon 11 'BasiG Flnandal Instrumènts, and Secilon 12 'other Flnand81 In$trum•nts Issues. of FRS 102 to all ol It5 ffinancial instruments. Fin8ncl81 Instruments are recognised In the Synorts balance sheet when th¢ Synod becomes party to th• ntractual provisions of the inslfument. FinaThcl81 assets and llabl11e8 are offset, wth the net #mounts presented in the ffinanrljl 8tgtement8, when there15 a legBIty enlorceBble right to sat off the recognlsed amounts and there 5s an Intèntlon to setue on 8 net b885$ or to ffjallse th& 88set 8nd See the liabllty Simultaneously. BASIC fln4ncl41 •8¥ets Bas1¢ ftn8ndal A88ets. vthlch Indudè tradè and other recelvable6 and caBh •nd bonk balances, afe In6ti8ty rnea$ured at transaction price including tr8ns8ctlon eosts and are sub8?quenty carried at amort18ed cosl using the effectlve intere81 mèthod unless the arrangernent conslttul¢$ a flnancing tran8action, wh8r• the transaction IB mea$ur¢d at Ihe present value ol the luture receipts discounied al 8 rn8rk¢l rate of intereBt. Flnandal a¥3ets do$$fflèd a8 recelvoble vAthln one y•ar are nol amortl8ed. 8••l¢ fln•nel•l Ilabllltl•• Baslc finanaal li¥bllitie$. induding trade and oth&r payables 8nd bank 108nA are Inlilally recognl6ed 81 trans8Ctlon prtce unless the arrangement constltuies a finanong tr8ns8dan, where the debt inslmrnenl Is m8a5urad at the present value of the fvlurt payrnents dlscounted 81 9 market rnte of Intere81. Flnon¢lal Ilabiliiles claBBbfted 06 payable wllhln one year are not arnortised. Debt In8lrumènt8 arè subsequently carrfed al amorlBed cost, 118lng the effecttve Intere8t rsle melhod. Trode payables are obllgalion8 lo pBy for goods or servlces that have be¢n acqulTed In the ordlnary cour8• of operatlons from supplier$. Amounls payable are classified 83 current liabilities rf payment Is due wmhin one year or leJs. If not, they are presented 88 n0n-cUrnt Ilabllftles. Trade payableB are recognlsed Ini1181ty at tr8llBacllon prl¢e and subsequenlty rneasured al amortlsed cosl uslng Ihe effecti¥e IntereGt method. D•r•eognlrfon of Ilnanclal Il•bllltle¥ Finanryal liabllllle8 arè deCOgnISed ¥then the Synod'$ ntractual obllgatlon8 e4)ira or 8Ta dlscharged OT c8n¢ellad. 1.11 Taxatlon The charity 18 exampt from tax on ItB charitsblg a¢tlvtUg$. 1.12 Employee banefits The c03t of any unused hollday entidernent18 Tecognlsed In the perlod in ¥thith the gmployeg's service5 are r8rxiv8d. Temilnatlon benefrts are recognls¢d lmmfrdlate as an expense whèn the Synod is demonstrabty committed to temiinate the employment of an employee or lo provide temlnatyon beneflts. 1.13 Retirement benefits Payments to defin contribution relirement benefit scheme5 are charged as an expenBv 8$ they fall due.
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aecountlng pollcle& Icontlnued) 1.14 Forelgn gx¢h¥ng• Assets and 118bilitles In loreign curTend88 are translated Into stertlng at the rnlddle markel s1 r8t* os publlshed by Ihe Bank Df England for the balance sheet date. TrRn8actlon 8mounts Sn fOIgn currenries are transloted into slerfing 81 the rale of exchange ruling 8t the date of transactlon based on the rnbddle market spot rate 83 published by the Bank ol England unless the actual transactlon rat8 can be idenllfied. Exchange difference¥ ar? tskan Into account In 8thvlng at tho OP8Tallng re5uIL Crltlc•l accountlng tIMat•¥ and ludg•m•nts In the application of ihe Synod's g¢¢ountlng pollcles, th8 Trust888 are requlred to make Judgèments, estimates gnd assumptson8 aboul th¢ ¢arylng amount 01 assets and liabilities that are not readity apparent Irom othèr sources. The ests'rnaleg and associated a88umplSon$ ar• based on hi8tortcal 8xp•rfen¢o and other fadors that are consld8r8d to b¥ relevant. Actual 5$ MAY dKfer from these tssllmates. Th• 88tlmates and undertylng assurnptlons ar8 revlwed on an ongoing bas18. R•vi$lon$ to accounllng èstimates are recognised in the period in which the e511mate Is revlsed where the revlslon affects onty that period. or in tha parlod of tha revision and lutUTe p&riods where the revision affects both current aNd future periods. In¢om• from donatlon• and l•gael•• Unr•strlct•d fund• 2024 Unrn•trlct•d lund• 2023 Donation8 and glft¥ Legacies 75,000 14.556 70,000 89,556 70,000 Drjnatlons and glft• The Schrodor$ 1905 Trust 75,000 70,000 75.lJOO 7D.000 12-
SYNOD OF GERMAN-SPEAKING LUTHERAN. REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2024 In¢om• Irom eharftable actlvltl•$ Unre•trf¢tsd Rutrt¢ted lund• fund• 2024 2024 Total Unro$trlci•d Re•trl¢ted funds fundo 2023 2023 Total 2024 2023 Charftable Actlvltl•• Minlstry Synod Fees Pastoral A8518tance Refunds Provision of Admln Support Servlces lo DSM Other S¥nAc8s 108,000 196,000 304,000 320,424 320,424 125 88,324 88.449 43,435 43.435 1.980 1,950 1.295 4,399 4,399 1,295 112,524 264,324 378,848 1,295 38S.809 367.104 InGomv Irom InvMtm•nti Unre•trl¢t•d R••trlct•d lund• lund• 2024 2024 Totsl UnrMtrlct•d Ro•trt¢t•d fund• fund• 2023 2023 Total 2024 2023 Income from IIBled Investment8 Intarest ceIVable 18,858 4.158 23,516 40,374 4,1S8 18.428 3,299 23.071 39,497 3,299 21.018 23,516 44,532 19.725 23,071 42.796 13-
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SYNOD OF GERMAN4PEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support colts ollocated to acllvltl¢* 2024 2023 Stsff ¢ost8 Depreciauon Office costs Insurance Legal fees Benk charges HR serylces P8yToII processlng Telephon Office equlpmant Other administratlve costs Govemance c06t8 49,420 572 198 1,817 5,220 214 2.593 756 38,377 572 1,270 1,237 124 472 3,438 188 68 1.512 14,614 3,970 20,428 85,753 82,352 Inistry Quality management Admin support to congreg8tion Flnandal 8UPPOrt lo ¢ongr•gAtlon Netsvorklng Repre5enlatlon 48,745 5.013 5,013 5,118 18,731 5,135 28,085 4,343 4.467 4.343 18,859 4,455 85,753 62,352 2024 2023 G4)v•mance co•ts ¢ompFI••: Independent oxamination fees A¢countancy Synod ¥$$emb Sponsorship licen Synod coundl 2,640 2,742 13.718 717 611 1,517 12,318 220 561 20.428 14.614 Net movernent lth fundg 2024 2023 The net mvement In lunds18 Stated aftèr ch8rglngllcTediting)'. Fees payable for the Independent examination of the chArfty's ffinandal statements Dewedatlon of owned proparty, plant and equipment 2,640 572 572 18-
SYNOD OF GERMAN4PEAKING LUTHERAN. REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tru•tsè• The Trustees do not reCee ary remunerallon for Ihelr servlces as trustees. In the report(ng perioLI, the following Trustees w¥r8 employed by the Synod as pastors 8nd received salafie8 lor thelr non-truslee services in tho Congregations of thelr Pa8ioral Region, or were reimbursed the lollowlng èxpanses: Tru•t•e romun•rnilon 2024 2023 PastorThierba¢h Pastor Halfmann Pastor Klehn Pastor Jantzen Total 63,321 61,288 80,192 $0,$84 29,984 204.108 124,609 Tru•te• •xpfrnB 2024 2023 Pastor Janlz?n Pastor Klèhn Pgstor Thierbach Brlgltte Jurack P8slor Halfmann Jochen Hoffman Tot•1 830 1,105 499 270 192 42 82 205 1,166 1066 10 Employ••• The average monthty number of employe•8 durfng the ye8rwa8-. 2024 Numb•r 2023 14umb•r Employm•nt co8t• 2024 2023 Wage¥ and salarles Social security costs other pension co818 388,144 7,910 7,208 411,814 6,385 2,556 403,262 420.755 19-
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employe IContlnv¢dl The number of &mployee5 whose annu81 remunerots'on was morg than £60.CiIO 16 aB follow$'. 2024 Number 2023 Number £60.000- £70,000 11 G•ln nd lo••e• on InVtments Unrn*trlct•d R••trl¢ted fund• fundB 2024 2024 Total unrnlCt0d R••trlct•d fund• fund• 2023 2023 Tot•1 2024 2023 GaIn(lOsseS) arlslng on.. Revaluallon of Investrnenl$ 20,224 27,928 48,152 39.233 54.179 93.412 12 T•utlon The ¢h8rfty18 exempl from tsx8tlon on Itj actlvltle8 bacau8e all It8 Incom•18 apped for charltable purpo888. 13 Oth•r g•ln• •nd10•••8 untrIct•d R••trf¢ted fundi fund• 2024 2024 Total Unre•trf¢t•d Re•trlct•d fund• fvnd• 2023 2023 Totsl 2024 2023 Galnsl1lossTr upon.. Forelgn exchange 2.197 1.998 4,195 533 1,731 2,264 -20-
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEhlBER 2024 14 Pvoperty. plant and equlpm•nt Comwtw¥ Ct At 1 January 2024 3,923 At 310ecember 2024 3,923 Doprncladon and ImpalrM•nt Al 1 January 2024 Deprod811on charged In the year 2,207 S72 At 31 Docernber 2024 2.779 Carrylng amount At 31 December 2024 1.144 At 31 December 2023 1,716 16 Flx•d •Met Inve•tmont• Ll•t•d Unll•t•d Inv••tm•nl• InvMtment• Tot•1 Co•t or v•lu*tlon At 1 January 2024 & 31 D•rnber 2024 1,372,988 78,078 1.451,048 C•rrylng •mount Al 31 D•cember 2024 1.372,988 78,078 1.451,048 Al 31 December 2023 1.372,968 78,078 1.451.048 16 Tr•d• •nd othor r•celv•ble• 2024 2023 Amounts falllng due wlthln on• y••r. Trade recelvabl8s oth8r receivable8 10,625 77 77 10.625 21
SYNOD OF GERmANPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Curyent liabllltlgs 2024 2023 other laxab.on and social Security other payables Acuuèls and defeThed Incon 8,446 25,52B 4,410 7,195 47,922 38,384 5S.117 18 Rotlr•m•nt ben•llt •chome• 2024 2023 D•fln•d eontrlbutlon •chvm•• Charge to profll or lo$$ In respecl of defined ¢ontylbullon Bchemes 7,208 2,566 The Synod operat88 a defined contribution pen$lon scheme for all quollfying employees. The gssetB 01 th• Scheme ar• h8ld separatety from those of the Synod in an independenlty admlnlstered ftjnd. 19 Ro•trtct•d fund• Th6 Testrlcted fvnds of the chartty comprise the unexpended balan5 of donation8 and grants held on tru#l Subject lo spedfic condltions by donors 88 to how they m&y be used. At 1 J•nu•ry 2024 Incomlng rourCe• R••ourc•• •xpend•d Tran•f•rn Galn8 and At31 D•¢•mbor 2024 Salary Savlng8 Fund Congregalon Support Fund Congregatlon Shortfall Fund 264,324 1380,5841 116.280 195,913 5,599 113.7841 6,741 194,469 621.727 17,917 1118,2801 19,189 542,573 817.640 287,840 1394,368) 2S,930 737.042 -22-
SYNOD OF GERMAN-SPEAKING LUTHERAN, REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 RtrIcted fund¥ Icontlnuedl Prwlou• y•Ar. At 1 January 2023 Incomlng RuourceB re50urc•• expended Tran•fer4 Galns and losses At31 Dècem1 2023 Salary Savlngs Fund Congregallon Support Fund Congre9atlon Shortfall Fund 365,809 1382,3781 180,924 5,475 13,5841 13,078 196,913 581,330 17,596 116,5691 39,370 621,727 782,254 388,880 1385,9421 52,448 817.640 Induded wtthin the Revaluallon$, gain and losses above is £5,204 on the S818ry SavlngB Fund whlch Is foreign exchange movementÉ. 20 Unr••trfct•d fvnd• The unrestrided funds of the charity comprt$e the unexpended balBnce$ ¢f tjonatlons 8nd gr8nt8 whlth are not 8ublect to 6P8allc cOndlOn3 by donor8 and gr8ntor8 a6 lo how Ihoy may be used. TheBe indudè deslgnated fund8 whlch hav8 been set aside out of unre8trict?d fvnds by the trustees for 3pe¢fflc pury>08•8. At l January 2024 Incomlng ourc•• R••oure•• exynd•d Tr•n•ler• G•ln* Ind lo•••• At31 O•c•mbor 2024 Income Generaln Fund Organisalion81 Change & Restructurlng Fund General funds 637,S01 1837,5011 16,2741 1123,4581 100.000 537.501 93,726 855,166 199.998 223.098 18,027 837,499 223,096 1129.7301 18.027 948.892 .23-
SYNOD OF GERMAN4PEAKING LUTHERAN. REFORMED AND UNITED CONGREGATIONS IN GREAT BRITAIN COUNCIL FOR GERMAN CHURCH WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•itrlci•d fund• Icontlnuedl Prev10 y•ar: Al 1 January 2023 Incomlng r•soure•* RMouree• expended Tran¥foM Galn• and 10gse• At31 D•¢emb•r 2023 Income Generatlon FLbnd General fvnds 178,017 fj31,013 178,017 859.482 91.020 {101,2511 38,700 809,030 91,020 1101,2511 38,700 837,499 21 AnAly•l• ol nèt •M•t• b•tWg•n fund• Unm•trl¢t•d fund• 2024 R••trlctvd lund• 2024 Tot•1 2024 At 31 December 2D24,. Property, plant and equipment Inv•atments Current 8$setslllloblllll8$1 1,144 884,079 283,669 1,144 1.421,121 263,669 737,042 948.892 737,042 1,885,934 Unr••trlet•d fund• 2023 Re•trl¢t•d fund• 2023 Totsl 2023 At 31 D•cemb•r 2023.. Property, plant and equlprnent Investments Current g¥¥etsllllab1lkSI 1,718 833,406 202,377 1.718 1,451,048 202,377 817.640 837,499 817,640 1,655,139 22 R•lated party transactlons Therè wèr& no dlsdosable related party transadlons during the year12023- none). -24-