The Finnish Church in London
Charitable Trust
Trustees, Report
and
Financial Statements
For the year ended 31 December 2024
Charity Number: 283594

The Finnish Church in London Charltable Trust
Trustees, Report and Flnancial Statements
For the year ended 31 December 2024
Contents
Page
Legal and administrative information
Trustees, report
Report ofthe independentexaminer
Stalement offinancial activities
Balance sheet
Statement ofcash flows
Notes to the financial statements
io
12-21

The Finnish Church in London Charitable Trust
Legal and Administrative Information
Name of the Charity and other names used
The Finnish Church in London Charitable Trust
olso commonly known as
Finnish Church in London
Finnish Church
Lontoon suomalainen merimieskirkko
Lontoon merimieskirkko
Merimieskirkko Isossa-Britonni0ssa ja Irlannissa
Charity Registration Number
283594
Registered office
33 Albion Street
London
SE16 7HZ
Bankers
Danske Bank
London Branch
75 King William Street
London EC4N 7DT
Independent Examlner
ICS Accountants Ltd
S Robin Hood Lane
Sutton SMI 2SW
Trustees and Management Committee members
Mr lukka Siukosaari
Reverend Hannu Suihkonen
Reverend Marjaana Harkonen
Dr luha Iso-sipila
His Excellenry the Ambassador of Finland
General Secretary ol the Finnish Seamen's Mission in Helsinki
Rector of the Finnish Church in London
Member of the congregation
Trustees do not receive remuneration or benefits from the charity in relation to their role as trustees.
Governlng document
Declaration of trust dated 28 September 1981
Amended 2014 (Memorandum ofAmendment ofTrust Deed]
Page I

The Finnish Church in London Charitable Trust
Trustees, Report for the year ended 31 December 2024
The trustees of The Finnish Church in London Charitable Trust present their report and financial
statements for theyear ending 31 December 2024 in accordance with the Charities Act 2011. The trustees
are satisfied, to the best of their knowledge. that these statements comply with the current statutory
requirements, the church's governing documents and are in accordance with the Charity Commission's
Statement of Recommended Practice (FRS 102].
The overall aim of the Finnish Church is
to advance the spiritual and general wellbeing of the Finnish Community in UK and
to advance the Christian faith to the benefit of the public in accordance with the order and
confession of the Evangelical-Lutheran Church of Finland.
The mission of the Finnish Church in London is to strengthen the sense of belonging and inclusion in the
Finnish Community and hence to also benefit the general wellbeing of the wider community. We aim to
help in retaining a connection to Finland. Finnish language and culture. and by reinforcing the
appreciation of our own culture. learn to appreciate other cultures as well.
The Church offers a welcoming and inclusive community and congregation. Our values are hospltality.
courageand5afety. We believe weare known for the welcomingsmell 2nd taste ofour famous cinnamon
buns. the miraculous effects of sauna and our proclaiming the Gospel of jesus in words but mostly in
deeds.
The Finnish Church provided public benefit by:
Providing religious and social services to the Finnish expat communiry around the UK:
Offering a hub of various activities and networking for the community;
Offering services of clergy and welfare o￿lcerS for those in crisis or need of support,. and
Offering various volunteeriftg opportunities that allow individuals to make a posltive impact on
the world and in Lheir lives.
We review our aims, objectives and activities annually; in doing this we evaluate and assess the benefit
of our outputs on our Community. those who visit the Church and those whom we meet in our events.
services and group meetings, or through our social media and online services. We consider how we can
further develop our objectives to meet future needs and ensure that our work continues to deliver our
charitable aims and have a genuirte impact on the community we serve. The Trustees confirm that they
have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit
guidance published by the Charity Commission.
The charitys objectives are achieved by providing services which are described in more detail below.
Trnstees
A group of Trustees is nominated by the Board ofthe Finnish Seamen s Mission as ststed on the Charitable
Trust Deed. The Board of Trustees is the governing body of the Finnish Church in London (Charitable
Trust] and it has the overall responsibility of the management issues. The Trustees are a150 members of
the Management Committee. Trustees are appointed based rnainly on the positions they hold. HE the
Ambassador of Finland, the General Secretary of Finnish Seamen. Mission and the Rector of the Finnish
Church in London are always trustees. The fourth trustee represents the Finnish expat community in the
UK.
New trustees receive an induction; this consists of minutes of previous meetings, explanation of the
purpose of the Charity and management policies, Code of Conduct, Conflict of Interest Guidance for
Charity Trustees and annual operational and financial reports. No specific training has been provided but
this will be kept under review. At meetings there is always room for questions and explanations. The
trustees meet 3-4 times per year.
Page 2

The Finnish Church in London Charitable Trust
Trustees. Report for the year ended 31 December 2024
Trustees have the overall responsibility for the charitys governance. compliance, and strategic direction.
Their decisiott-making areas irkclude..
Strategy & Mission: Setting the charitys long-term vision. goals, and priorities.
Legal & Regulatory Compliance.. Ensuring the charity complies with any relevant laws.
Financial Oversight.. Approving budgets and annual accounts, as well as any major expenditures.
Risk Management.. Identifying and mitigatittg risks related to operations, finance. and reputation.
Policy Development.. Estsblishing key policies on governance, safeguarding, ethics, and conflicts
of interest.
Any decisions are made following the charity s governing document and policies, and within the charity
law. Record is kept of the decisions.
Declslons Delegated to Staff
While trustees provide oversight, day-to-day management of the charity 15 delegated to staff. Delegated
decisions include:
Running day-to-day activities.
Managing employees and volunteers. including recruitment. performance, and workplace
policies.
Spending within pre-approved financial limits and ensuring financial efficiency.
Managing fundraising and public relations.
Running initiatives thar align with the charity's core mission and strate&v.
The Church Commlttee
The Church Committee is a sub-committee of the Management Committee. It ha5 a role in developing and
implemenring the activities of the Church. It has six elected members. one representstive of the Trust and
one of the staff. in addition to the Rertor who 15 the rapporteur and the secretsry of the committee.
The work ofthe Finnish Church stsrted in 1880 when a young clergyman Elis Bergroth was sent to the
ports of Grimsby and Hull and in le5S than two year5 time he moved the focus of the work to London.
From the beginning the Finnish Church has been an integral unit of the Finnish Seamen's Mission.
The Church provides ecclesiastical, social and cultural activities aimed mainly at Finns and their families
and friends of Finland residing and wsiting Great Britain and Ireland. The Finnish Church represents the
Evangelical-Lutheran Church of Finland in UK and provides its. services to the Finnish Community.
The Church building in Rotherhithe. South.East London, is a base for the operation5 but the Charity
reaches out also to the members of the Finnish community living elsewhere in UK and Ireland.
The Church is usually open six days a week. In addition to the Church hall the building has a café. a Finnish
sauna, two meeting rooms. a small library (with Finnish books]. guest rooms and a small shop.. these
services give people a reason to visit the Church and to find meaningful volunteering opportunities, help
us to promote the character of the Church as 3 -public living room. to which everyone is welcome and
directly allows us to achieve the Charity"s objectives. There is also an o￿lCe and three residential
apartments.. the Rectory and two flats for staff accommodation.
The total number ofvisitors to the Church was 18.964 [2023: 20.605 and 2022: 15,367).
During the year we had 15 Worship Services and Holy Masses at the Church 490 participants (average
33).
Page 3

The Finnish Church in London Charitable Trust
Trustees, Report for the year ended 31 December 2024
MENT
us
We had
9 baptisms [15 in year 2023).
2 weddings (-),
6 funerals (4) and
6 Confirmands [2).
The effect of the Porvoo Agreement shows in liaison with Scandinavian. Baltic and Anglican churches.
Welfare Officer Eerika Omiyale was a Trustee of the Lutheran Council of Great Britain. The Lutherdn
Council aim5 to give prdctical help in student work adrninistration, Safeguarding and legislation to its
member Churches.
Various events, such as concerts, exhibitions and cultural events were organised during the year. Some of
the more notable events were the Spring and Christmas Fairs. 1st of May and Midsummer celebrations.
For families we had several events including Easter Egg Hunt and a Christmas celebration.
Christmas Carols were sung at the Finnish Church in Rotherhithe, as well as in Glasgow, Edinburgh, Si
Albans and Hampstead Heaih.
We had several groups gathering at the Church: Parent and Toddler Club, Choir Merenkurkut. Seniors,
Club, Art Group. Children's Club, Young people and a Knitting group all met regularly weekly. furtnightly
or once a month. Expectant mothers, parents with a newborn child. Friendship Network and Book Club
met online or hybrid.
Finnlsh Saturday School was held at the church approximately every second Saturday during the autumn
and spring terms.
Main emphasi5 of our welfare work is in proactive support to prevent Social problems. All our activities
are aimed to improve the well-being of the people and that no one is left alone. We offer meaningful
opportunities to volunteer and help others. Through this work we aim to bring those in risk of social
exclusion into contact with wider community and Finnish networks.
During the year 2024 we had
858 contacts in our welfare work (for counsellin& support and advice).
180 events with 12.9S3 participants and
235 volunteers.
In our social media we had 11,644 followers (in Facebool Instagram and X).
The Finnish Church provides emergency accommodation under the Finnish Embassy s advisement.
Welfare Officers offer technical support with EUSS updates.
The Welfare work is mainly funded by Finnish Funding Centre for Social Welfare and Health
Organisats'ons [STEAJ-
The Finnish Church in London has co-operdted with (the list is not exhaustive):
Anglo Finnish Society
Church of England and other Churches
Albion Street Community Charity.Albion Street Steering Group
Finnish Student Society of Great Britain
Finnish Theatre
Page 4

The Finnish Church in London Charitable Trust
Trustees. Report for the year ended 31 December 2024
IEV
Nordic Churches
Council of Lutheran Churches
Sourhwark council
The central organization of Conservative Laestsdians in Finland (SRK)
Embassy of Finland
Queen Victoria Seaman's Rest
Finnish Schools around the UK
Finland Society (Suomi-seura) and the Finnish Expatriate Parliament
Tuned In London
Robes Project in Southwdrk
Outi Hubbard
Teija Perttila
MSA Trust
The staff team during theyear.
Annlt Burton
Bernard Creely
Mitch Flacko
Marjaana Harkonen
Salla Korteniemi
Mervi Mattila
Elli Niemelainen
Eerika Omiyale
Karri Salo
Hannakaarina Sarvela
Financial Secretary (80%)
Cleaner (40%)
janitor (40%)
Rector
Welfare Officer until 31.1.2024
Service Manager
Kitchen Worker
Welfare O￿lcer80% 1.1.-30.6.. 60% 1.7.-31.12.2024
Welfare Officer from 1.5.2024
Welfare Officer until 31.1.2024
According to the financial control poliry of the parental organization (The Finnish Seamen's Mission) the
salaries of the Executive Team members (including Rertor of the Finnish Church in London) are defined
by the Board of the Finnish Seamen s Mission and implementation is managed by the Secretary General
of the Finnish Seamen s Mission.
Voluntary assistants (Charity Workers) during 2024 were-.
Kati Lindgren
Vilma Kinnunen
Kotrijaryensolo
Vilma Paivinen
Oili Tikko
We had several people volunteering at the Church in various roles. We greatly appreciate the
contribution from our volunteer5.
2024
2023
2022
2021
20ZO
2019
Total visitors at the
Church
18.964
20.605
15,367
9,976
6.681
38.060
Bazaars
6.920
7.632
6,914
4.283
16,730
Page 5

The Finnish Church in London Charitable Trust
Trustees, Report for the year ended 31 December 2024
HI
NT
The Trustees have prepared a risk register covering the full spectrum of activities and management of
the Finnish Church. A more detailed risk assessment covering the health and safety needs of the staff was
reviewed by all members of the staff and updated regularly. The risk management poliry has been
prepared and reviewed by the Trustees.
The major risks that was identified:
Risk title and descri
tion
1] Financial Susiainability
Several years of
negative Financial results leading to shortage of
funds
The risks are controlled b
Scenarios, adjustments needed in Services and
functions. property review
The Board of Trustees addressed these rlsks at its meetings and Trustees are satisfied that the major risks
have been mitigated as far as reasonably possible but do recognise they must be kept under constant
review.
At theyear end the charity held total funds of £2.692.960. ofwhich £9.697 were restricted and £2.664,091
were designated. The Finnish Church in London holds unrestricted reserves of £19,172 at the end of
rinancial year (2023.. £23,953). Thi5 represents approximately 0.3 months, expenditure (2023.. 0.6
months). The level of reserves is needed to secure the operations of the Church for the following year.
Most of the Charity s income is usually received during November and December and reserves are used
during the first 10 months of the year until being replenished again during Christmas season.
The result for the year ended 31 December 2024 was a deficit of £88.053 (2023.. surplus of £70,765). The
aim of the Charity is not to make profits, but responsible stewardship is needed in order to ensure that
Lhe Charity remains viable for the long term.
The Charity's main fundraising tools (Bazaars and other Charitable events) were quite successful in 2024
despite the challenges faced with Christmas Ba7Jar stock. The Charity received donations from members
of the congregation, Gezellius Foundation and Mottila Foundotion in Finland. Donations from the Finnish
foundations were channelled through the Finnish Seamen s Mission in Helsinki.
The Charity's welfare work is mainly funiled by Finland s Ministry of Social Affairs and Health [STEAJ.
The Ministry of Education and Culture provided the Church with a considerable grant for maintenance
and repair works at the Church building. Both grdnts were channelled through the Finnish Seamen s
Mission in Helsinki. Some parts of the Church building were renovated 2022-2023 in order to change the
use of these parts of the building and to generate more stable income for the Charity. These renovations
were finalised in 2024.
Expenditure related to running charitable artivitie5. keeping the facilities open for anyone to visit and
maintaining our building5.
The Finnish Seamen s Mission (parental company) has confirmed to support the Finnish Church in
London financially until at least 31 May 2025.
As Great Britain has left the EU the Trustees recognise the need to follow closely the situation and its
impact on the Finnish Community, on the Charity's workand on its fundraising.
Page 6

The Finnish Church in London Charitable Trust
Trustees. Report for the year ended 31 December 2024
The Charity continltes to offer a welcoming and inclusive community and congregation for the
Finns in UK and all Iriends of Finland.
The Charity shares the Gospel of Jesus Christ through worship and through deeds of Christian
love.
The Charity continues to promote equal opportunities and work to reduce feelings of loneliness
attd insecurity within the Finnish community.
The Charity aims to help in retsining a connection to Finland. Finnish language and eulture, and
by reinforcing the appreciation of our own culture. learn to appreciate other cultures as well.
The Charity continues to strive to balance its Finances by fir¢ding new or expanding its existing
fundraising methods and scaling its operations in line with available resources. The Charity
monitors the overall economic developments and strives to make sustainable decisions to secure
the Future of the Charity.
The Charity continues ro focus its services more effectively on its core mi55ion by listening to and
identifying the needs of ihe Finnish community. The Charity s main target groups are families
with children. young people. the elderly- and those in vulnerable p051tions across all groups. The
Charity supports the well-being of adults by providing meaningful volunteer opportunities, as
well as support in organising various activities. The Charity offers help in times of hardship.
The Charity is celebrating the Finnish Church in London 145th anniversary by inviting and
engaging the community to celebrate together. focusing on the development and strengthening
of its volunteer work and providing opportunities for the community to support the Charity s
work in various ways.
The trustees are responsible for preparing the Trustees, Report and the financial ststements in
acLordance with applicable lawand United Kingdom Accounting s￿ndardS, including Financial Reporting
Standard 102.. The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Prarticej.
Charity law requires the trustees 10 prepare financial statements for each financial year which give a true
and fair view of the state ofaffairs of the charity and of the surplus / deficit of the charity for that year. In
preparing those financial statements the trustees are required to:
Select suitsble accounting policies and then apply them consisterktly
Make judgments and estimates that are reasonable and prudent
Comply with applicable accounting 5tsndards subject to any material departures disclosed and
explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the company wll continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and to enable then to ensure that the Financial
Statements comply with Charities Act 2011. 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.
Approved by the Trustees on S March 2025 and signed on their behalf by
Marjaana Harkonen
Rector of the Finnish Church in London
Pa6e 7

Independent examinerfs report to the Trustees of The Finnish Church in
London Charitable Trust
I report on the financial ststements of The Finnish Church in London Charitable Trust for the year ended
31 December 2024 which are set out on pages 9 to 21.
Responsibilities and basi5 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 Trust's accounts as 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 examinerfs statement
Since the Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales, which is one ofthe listed bodies.
I have completed my examination. I confirni that no matters have come to my attention in connection
with the examination giving me cause to believe that in any maierial respect..
accounting records were not kept in respect of the Trust as required by section 130 of the Act..
or
the accounts do not accord with those records: or
the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter coftsidered a5
part of an independent examination.. or
the accounts have not been prepared in accordance with the methods and principles of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporling Standard
applicable in the UK and the Republic of Ireland (FRS 102),
I have no concern5 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.
Miriam Hickson CTA FCA
ICS Accountants Ltd
5 Robin Hood Lane
Sutton
Surrey
SMI 2SW
Date:
T Ats84sF 2025
Pa8e 8

Ln
Tr-
4 M
In * In

The Flnnish Church in London Charitable Trust
Balance Sheet as at 31 December 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investment properties
li
2.364.091
300.000
2,447,363
300,000
12
2,664,091
2,747,363
Current assets
Debtors
Stock
Cash at bank and in hand
13
16,483
17,377
137.908
20,882
7.798
155,496
14
171.768
184.176
Credltors.. Amounts falling due within one
year
15
(142.899)
(150,526)
Net Current assets
28,869
33,650
Net assets
18
2.692,960
2,781,013
Funds
Unrestricted Funds
Designated Fvnd5
Restricted Funds
19.172
2.664.091
9.697
23,953
2,747,363
9,697
16
17
2.692.960
2,781,013
These financial statements were approved by the board of trustees and authorised for issue on 5 March
2025 and are signed on behalf of the board by:
M3rjaana Harkonen
Rector of the Finnish Church in London
Pa8e 10

The Finnish Church in London Charitable Trust
ststement of Cash Flows for the year ended 31 December 2024
2024
2023
Cash flows from operating activities
Net (expendi￿re)11ncorne
(88.053}
70,765
Adjustments for..
Depreciation
(Increase)Idecrease in stock
Decrease/(increase) in debtors
[Decrease)lincrease in creditors
100.889
(9.S79]
4.399
(7,627)
80.354
571
[5,507]
26.109
Cash flows provldtd by operatlng attlvities
29
172,292
Cash flows from investlng actlvities
Purchase of property plant and equipment
(17,617)
(163,766)
Cash flows (used in) investlng activities
(17.617)
(163,766)
Net (decrease)/increase in cash
(17.588)
8.S26
ca.sh brought forward at I lanuary
155.496
146,970
Cash carried forward at 31 December
137,908
155,496
Pagell

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
Basls of preparation
The Finnish Church in London Charitable Trust is an unincorporated charity. The registered
office is 33 Albion Street. London SE16 7HZ.
The financial statements have been prepared in accordance with Accounting and Repurting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial ReportinE Standard applicable in the UK and Republic of
Ireland (FRS 102) - (Charities SORP (FRS 102)) and the Charities Act 2011.
Finnish Church In London meets the definition ora public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy notes. The accounts are prepared in pounds sterling
rounded to the nearest pound.
The trustee5 have reviewed the going concern position and the level of ongoing support from
the parent entity, the Finnish Seamens, Mission, and consider that it appropriate for the
financial statements to be prepared on the going concern basis.
Accountlng pollcles
(a) Translatlon of forelgn currencles
Monies received from the Finnish Seamen's Mission in Helsinki during the year have been
converted at the exchange rate ruling at the date of translation.
(b) Tangible fixed assets and depreclation
Fixed assets are capitalized at cost. Freehold land is not depreciated. Depreciation is calculated
to write offthe cost. less estimated residual value. of other fixed assets over their expected useful
lives. as follows:
Freehold property
Long leasehold property
Improvements to property
Fixtures fittings & equipment
2% per annum on straiRht line basis
Over the remaining period of the lease
IO% per annum on straight-line basis
20% per annum on straight line basis
(c) Fixed asset investments
Fixed asset investments are included at fair value at the balance sheet date. Any gain or loss on
revaluation is recognised in the SOFA.
{d) Stock
Stock is valued at the lower of cost and net realizable value.
(e) Debtors
Debtors are included at the settlement amount due. Prepayments are valued at the amount
prepaid.
(Q Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of opening of the deposiL
Page 12

The Finnish Church in London CharAtable Trust
Notes to the Financial Statements for the year ended 31 December 2024
Accounting policies (continued)
(g) Creditors
Creditors are recognised where the charity has a present obligation arising from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are recogni5ed at their settlement
amount.
(h) Income
All income included in the Statement of financial actiwties when the charity is entitled to the
income and the amount can be quantified with reasonable accuracy. The following specific
policies are applied to particular categories of income..
Voluntary income is received by way of donations and gifts and is included in the Statement of
Financial Activities on a receipts basis. Tax recoverable on gift aid donations is recognised at
the same rime as the gift to which it relates. LeRacies are recognised once the charity has
entitlement to the income, it 15 probable the income will be received and the amount of income
receivable can be reliably measured.
The value of serwces provided by volunteers has not been intluded in these accounts.
• Income from charitable activities is included when the activity occurs. This includes bazaar
and canteen income.
• Investment income. including interest 15 recognised when receivable by the charity.
(l) Expendlthre
Expenditure is recognised on an accruals basis as a liability is incurred. This is shown net of VAT
where applicable.
Charitable activities expenditure comprises those costs incurred by the charity in the delivery
of its activities and service for beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support thern.
(j) Funds accounting
Unrestricted funds are those which are not subject to any special restrictions and they cark be
used as the Tru.slees decide in furtherance of the general objectives of the charity.
Designated funds are those set aside by the Trustees out of the unrestricted general funds.
Restricted funds are those where the donor has imposed restrictions on how the fund may be
used. but which do not prevent the fund being spenL
(k) Operating leases
Rentals payable under operating leases are charged on a straight line basis over the term of the
lease.
(l) Pension costs
Contributions payable to employee personal pension plans are charged to the Statement of
Financial Activities in the period to which they relate.
(m) Deferred income
Income that has been received but not yet earned i5 treated as deferred income.
Page 13

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
Accountin8 policies (continued)
(n) Financial instrnments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic firkancial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
Donations and legacles
2024
Total
2023
Total
Unrestrirted
Restricted
Donations
Legacies
Donations from Finnish Seamen's, Mission
35,546
2,522
38,068
32.476
500
311,244
32.096
144.462
176.558
Total
67,642
146,984
214,6Z6
344,220
Income from Charltable activltles
2024
Total
2023
Totsl
Canteen sales
Bazaar sales
Ceremony income
Accommodation
Sauna, telephone & minibus
Room hire income
76,686
186,840
3,402
22,047
38,750
25.025
76,493
208.277
1,016
16.305
27,688
13,827
Total
352,750
343,606
All amounts relate to unrestricted items in both years.
Investment income
2024
Total
2023
Total
Rent receivable from investment property
Bank interest
15,000
619
15,000
445
Total
IS,619
15.445
All amounts relate to unrestricted items in both years.
Pa8e L4

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
Other incorne
2024
Total
2023
Total
Rent receivable
58.016
26.786
Total
58,016
26,786
All amounts relate to unrestricted items in both years.
Expenditure on charitable activitSes
2024
Total
2023
Total
Unrestrirted
Restrirted
Canteen costs
Bazaar costs
Staff c051s (note 10)
Travel and minibus
Overnight accommodation costs
Meeting and operational expenses
Support costs (note 8)
66,425
3S.830
13S.789
18.640
i.iis
56.726
309.584
66,425
35,830
234,201
19,778
1.115
59.609
312.106
80,925
28.388
232.045
15,918
1,851
72,983
227,182
98.412
1,138
2,883
2,522
Total
624.109
104.955
729,064
659,292
Support costs
2024
2023
O￿lCe expenses
Rates. service charges and insurance
Depreciation
Bank charges and interest
Repairs and maintenance
Telephone
Light and heat
Cleaning
Exchange loss
Consultancy
Accountsncy fee
Independent examiner's fee
19.417
48,250
100.889
4,050
75,035
13,720
34,042
2.163
5,908
4,000
2,200
2.432
13,989
41,981
80,354
3,821
41.755
11,509
25,022
2,122
2,174
2,100
2,355
312,106
227,182
Page 15

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
Net {expenditure)/lncome before transfers
2024
2023
This is ststed after charging:
Independent examiner's fee
Depreciation of owned tangible r￿ed assets
2,432
100,889
2,355
80,354
io
Staff costs
2024
2023
Wages and salarie5
Social security costs
Pension costs
211,840
13,863
8,498
204,397
18,589
9,059
234,201
232,045
The average number of persons. including the executive
director, employed by the charity during the year was..
Number
2024
Number
2023
Provision of religious and welfare services
Management and administration
No member of staff received payments in excess of £60,000 in the current or prior year.
No trustees were reimbursed expenses in the year [2023: nil).
Included wilhin staff costs for the provision or religious services are the following amounts paid in
respect uf trustees in respect of their roles as First Chaplain (who is also considered to be the Key
Management Personnel) which is permitted by the Amended 2014 (Memorandum ofAmendment of
Trust Deed]'.
Reverend Marjaana Harkonen
55,698
57.662
Page 16

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
li
Tangible fixed assets
Freehold
land and
building
(church)
Freehold
land and
Fixtures.
building fittings and
(other)
equipment
Leasehold
propertie5
Total
Cost
At I lanuary 2024
Additions
45,811
3.202.188
17,617
363,802
153,624 3.765,425
17,617
At 31 December20Z4
45.811
3.219,805
363.802
153,624 3,783,042
Depreciation
Ai I lanuary2024
Charge for the year
17,455
1.625
1,075.253
91.988
71,730
7,276
153,624 1.318,062
100,889
At 31 December 2024
19.080
1,167,241
79.006
153,624 1,418.95 1
Net book valtse
At 31 December2024
26.731
2.0SZ.564
284.796
2,364,091
Ai 31 December 2023
28.356
2,126,935
292,072
2,447.363
These assets are all used for the purposes of the charity.
The depreciable cost of freehold buildings included within 'Freehold land and buildings" amounts to
£3,532.155 (2023.. £3.515,152)- The current value of the church building is considered considerably higher
than its original cost.
The leasehold properties were transferred to the Church from The Finnish Church Guild Trust (a registered
charity) under a Deed of Assignment and Declaration of Trust during 2007. No payment was made for this
transfer.
The Tnjst owns the freehold land of the Church at 33 Albion Street. London, SE16. The estimated building
osts 01 £500 in 1958 were met by the Finnish Seamen's Mission in Helsinki and are therefore not reflected
in these financial statements. The deeds of all the properties owned by the Trust are registered in the name
ofThe Finnish Seamen's Mi55ion Nominees Limited who hold them in trust forthe Finnish Church in London
Charitable Trust.
Page 17

The Finnish Church in London Charitable Trust
Notes to the Financlal Statements for the year ended 31 December 2024
12 Investment properties
2024
2023
At l january
Additions
Disposals
Revaluation
300,000
300.000
At 31 December
300.000
300,000
The investment property is Flat 10, The Squirrels. The trustees valued the property based on
comparison to similar properties within the area.
13 Debtors
2024
2023
Other debtors
16,483
20,882
All amounts fall due within one year.
14 Stock
2024
2023
Finished goods and canteen stock
17,377
7,798
Is
Credltor$
2024
2023
Amounts falling due within one year..
Due to the Firknish Seamen's Mission (Helsinki)
Trade creditors
Accruals & deferred income
Tax and social security
Other creditors
80.227
42.473
4,841
3,676
11.682
80,227
42,255
15,157
4.323
8.564
142,899
150,526
Page 18

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
16
Designated Funds
Balance at l Net income
lanuary 2024
2,126.935
Transfer
Balance at 31
December 2024
Fixed assets- funded by Finnish
Seamen5 Mission grants
Other fixed assets
Investment property
[74,371)
2.OS2.S64
320,428
300,000
(8,901)
311,527
300.000
Total
2,747,363
(83.272)
2,664,091
Balance at l Net income
January 2023
Transfer
Balance at 31
December 2023
Fixed assets- funded by Finnish
Seamens, Mission grants
Other fixed assets
Investment property
2.034.622
92.313
2,126,935
329.329
300,000
{8,901)
320,428
300,000
Totsl
2.663.951
83,412
2.747.363
The designated funds were set aside by the trustees to reflect the net book value of fixed assets,. these are
split between assets funded by grants from the Finnish Seamen's Mission and other fixed assets.
17
Restrlrted Funds
Balance at
I january
2024
Income
EXpendI￿re
Transfers
Balance at 31
December
2024
STEA Support fund
MEC/OKM renov3tion support
Mattila Foundation fund
Neville Nelson fund
102,433
42.029
2,522
(102,433)
{42,029)
[2.522)
9.697
9,697
Total
9.697
146.984
(104.955) {42,029}
9,697
Balance at
I lanuary
2023
Income
Expendi￿re
Transfers
Balance at 31
December
20Z3
STEA Support fund
MEC/OKM renovation support
Neville Nelson lund
185.745
125.499
[185.745)
[125,499)
9.697
9,697
Total
9.697
311.2
{185,745) (125.499)
9.697
Page 19

The Finnish Church In London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
17
Restricted Funds (continued)
The STEA Support fund represents donations received originally from Finnish Funding Centre for Social
Welfare and Health Organisations (former RahaAutotTtaattiYhdistys RAY) channelled through Finnish
Seamen's Mission in Helsinki for support work, including salary costs for the support worker.
The MEC/OKM renovation support fund represents grants received from the Ministry of Education and
Culture towards the renovation of the church building. The transfer during the year represents the
spending ofa grant on property improvements as required.
The Mattila Foundation fund represents a donation received from The Mattila Foundation in response to
the church appeal for a Planetary Mixer for baking and cooking. This donation was fully utilised in the
year.
The Neville Nelson Fund represents a donation from the Finnish Church Guild (Finn-Guild} for the
purpose of supporting members of the Finnish community in Britain in times of hardship. Finn.Guild
fnunded Neville Nelson Fund in 1990 to support its members in severe crisis situations. The fund was
transferred in full and agreed to be used according to the conditions set by the Donor in Deed of Gift dated
28th December 2017.
18
Analysis of net a55ets between funds
Unrestrirted Designated Restrlcted
Totsl
Fund balances at 31 December 2024 are
represented by..
Tangible fixed assets
Investment properties
Current assets
Current creditors
2.364,091
300.000
2,364,091
300,000
171,768
(142.899)
162.071
(142,899)
9,697
Total net assets at 31 December 2024
19,172
2,664.091
9.697
2,692,960
Unrestricted Designated
Restricted
Total
Fund balances at 31 December 2023 are
represented by..
Tangible fixed assets
Investment properties
Current assets
Current creditors
2,447,363
300,000
2,447.363
300.000
184,176
[150,526)
174.479
[150.526)
9,697
Total net assets at 31 Decernber 2023
23.953
2.747.363
9.697
2.781,0 13
Pa8c 20

The Finnish Church in London Charitable Trust
Notes to the Financial Statements for the year ended 31 December 2024
19
Operating lease commitments
At 31 December 2024 the companywas committed to making the following payments under non-
cancellable operating leases.
Equipment
2024
2023
Operating leases which are due:
Less than l year
2-5years
2,017
1,496
1,865
3,513
1.865
Lease expense
3,984
3.941
zo
Ultimate parent entlty
The charity forms part of a larger organisation. The Finnish Seamen's Mission, In Helsinki (FSM). The
charity's management committee includes representation from this organisation. The address for The
Finnish Seamen's Mission 15.. Provianttikatu 4. 00980 Helsinki, Finland.
21
Related party transactlons
During the year. the Church received £176.558 [2023.. £311,244) in donations from the Finnish Seamen's
Mission In Helsinki (relationship as noted above). The balance owing to the Finnish Seamen's Mission In
Helsinki from the church at the balance sheet date was £80,227 [2023.. £80.227).
Page21