The Finnish Church in London Charitable Trust Trustees, Report and Financial Statements For the year ended 31 December 2025 Charity Number: 283594
The Finnish Church in London Charitable Trust Trustees. Report and Financial Statements For the year ended 31 December 2025 Contents Page Legal and administrative information Trustees, report Report of the independent examiner Statement of financial activities Balance sheet Statement of cash tlows Notes to the financial statements io 12-21
The Finnish Church fn London Charitable Trust Legal and Administrative Information Name of the Charity and other names used The Finnish Church in London Charitable Trust also commonly known as Finnish Church in London Finnish Church Lontoon suomalainen inerimieskirkko Lontoon merimieskirkko Merimieskirkko 1505sa-Britonniossa jo Irlanniss Charity Registration Number 283594 Registered 01(e 33 Albion Street London SE16 7HZ Bankers Danske Bank London Branch 75 King William Street London EC4N 7DT Independent Examiner ICS Accountants Limited 5 Robin Hood lane Sutton SMI 2SW Trustees and Management Committee members Mr lukka Siukosaari MrTeemu Turunen Reverend Hannu Siiihkonen Reverend Marjaana Harkonen Dr luha Iso-sipila His Excellency the Ambassador of Finland (to 24 Sep 2025] His Excellency the Ambassador of Finland (from 24 Sep 2025) General Secretary of the Finnish Seamen's Mission in Helsinki Rector of rhe Finnish Church in London Member ofthe congregation Trustees do not receive remuneration or benefits from the charity in relation to their role as trustees. Governing document Declaration of trust dated 28 September 1981 Amended 2014 (Memorandum ofAmendment ofTrnst Deed) Pa8e I
The Finnish Church in London Charitable Trust Trustees, Report for the year ended 31 December 2025 The trustees of The Finnish Church in London Charitable Trust present their report and financial statements for theyear ending 3 1 December 2025 in accordance with the Charities Att 2011. The trustees are satisfied. to the best of their knowledge. that these statements comply wilh the current statutory requirements, the church's governing documents and are in accordance with the Charity Commission's Statement of Recommended Practice [FRS 102). TIVE ANDA IVtTJ The overall aims of The Finnish Church in London are= to advance the Christian faith for the benefit of the public in accordance with the order and confession of the Evangelical-Lutheran Church of Finland- and to advance the spiritual and general wellbeing of the Finnish community in the United Kingdom The mission of the Finnish Church in London is to strengthen a sense ofbelonging and inclusion within the Finnish community and. in doing so. to contribute ro the wellbeing of the wider community. The Church seeks to support individuals in maintaining a connection to Finland. the Finnish language and culture, and to promote mutual understanding and apprecialion of different cultures. The Church provide5 a welcoming and inclusive community and congregation. Its core value5 are hospitality, courage and safety. Community activitie5 and gaiherings. including shared meals. cultural tradition5 and wellbeing activities, help to foster social connection and inclusion. Through these activities, alongside worship and pastoral care. the Church seek5 to proclain] the Christian faith in both words and pracrical action. In accordance with the Charitie5 Act 2011 and the Charity Commission's guidance on public benefit (CC3), the trustees have given due consideration to the public benefit when carrying out the charity's activities during the year. The Finnish Church in London provided public benefit by= providing religious services, pastoral care and social aclivities to Inembers of il)e Finnish expatriate community across the United Kingdom. supporting their spiritual ivellbein& SOLial inclusion and mental health; offering a community hub for 3 fdnge of cultural. educational and social activities, enabling individuals and families to build networks. reduce isolation and foster community cohesion- making the services of clergy and trained iyelfare officers awailable lo individuals and families experiencing crisis or in need of prartical or emotional support. regardless of religious affiliation- providing a rdnge of volunteering opportunities. enabling individuals to develop skills. contribute to their community and enhance their own wellbeing while supporting the charity's objectives. The trustees consider thai these activities provide clear and identifiable benefits to the public and that any private benefit arising is iTtcidental to the chariws charitable purposes. The trustees review the chariws activities annually to ensure they continue to further its charitable purposes and deliver public beneFIt. The charl5 objectives are achieved by providing services which are described in more detsil below. TRUuRE GOVERNAN E AND MANA EMENT The Finnish Church in London Charitable Trust is a registered charity governed by its trust deed and operates in accordance with the Charities Act 2011. The trustees are responsible for the overall governance and strategic direction of the charity and lor ensuring that it operates in furtherance of its charitable purposes. Trustees meet regularly (24 times a year) to review ihe charity's activities, rinances and risks. Page Z
The Finnish Church in London Charitable Trust Trustees. Report for the year ended 31 December 202S VER EMENT ntinued Trustees are appointed in accordance with the provisions of the trust deed. by the Board of the Finnish Seamen s Mission. Trustees are appointed primarily by virtue of the positions they hold. New trustees receive an induction covering the cliarity's governing document, key policies and financial information, and are encourdged to undertake ongoing training as appropriale. While the trustees retain overall responsibility. the day-to-day management of the charity is delegated to sfaff in accordance with the charlS governing document and established policies. Appropriate records are maintained of decisions taken under delegated authority. Delegated responsibilities include: the operation of day-to-day activities: the management of employees and volunteers. including recruitment. perforniance and workplace policies- expenditure wilhin pr&approved financial limits and the maintenance of financial controls; rundraising and communications artivities: and the delivery of initiatives aligned with the chariws mission and strategic objectives. The tn]stees aresupported bya churchcommittee.lts role is tosupportthedevelopmentand delivery of church activities. The committee operates under delegated authority with no responsibility for governance or strategic decision-making, which remain the responsibility of the trustees. ND The Finnish Church in London has been serving the Finnish community in the United Kingdom since 1880. Originally part of seafarers. work in GriTnsby and Hull, the Church's operations moved to London within two years. From its inception. the Church has been an integral part of the Finnish Seamen's Mission. The Church provides ecclesiastical. social. and cultural activities aimed primarily at Finns and their families, as well as friends of Finland residing in or visiting the UK and Ireland. It represents the Evangelical-Lvtheran Church of Finland in the UK and provides its services to the Finnish comrnunity. The Chiirch's base is in Rotherhithe. South-E35t London. but it reaches members of the Finnish community elsewhere in the UK and Ireland. The Church building is usually open six days a week and includes a hall, café, sauna. meeting rooms, library, guest rooms. a srnall shop, Olce, and residential apartments for staff. These facilities enable both community engagement and volunteering opportunities and contribute directly to the achievement of the Charity's objectives. During 2025. the Church had 17,714 visitors (2024: 18.964 2023= 20.605- 2022: 15,367). iou nd worshi The Church provides regular worship services and religious observance in accordance with the Evangelical-Lutheran tradition. supporting the spiritual life of the Finnish communiry and contributing to the advancement of religion for public benefit During the year. the Church held 14 Worship Services and Holy Masses, altended by $87 participants (average 41 per service). Other religious activities included: Baptisms= 5 [2024: 9) Weddings: l (2024: 2) Funerals= 6 (2024: 6) Confirmations: 8 {2024- 6) P38e 3
The Finnish Church in London Charitable Trust Trustees, Report for the year ended 31 December 2025 The Church works in liaison with Scandinavian, Baltic. and Anglican churches under the Porvoo Agreement. Eerika Omiyale. a community representative of the congregation. served as a trustee of the Lutheran Council of Great Britain. which provides practical support to member churches in student work, administration, 5afeguardin& and legislation. ultural Activitie andc mrnuni emen The Church organi5es and supports a range ol cultural and cc>mmunity activities to promote Finnish culture, social cohesion. and inclusion. During 2025, activities included: Cultural events and lairs: Concerts. exhibitions. Spring and Christmas Fairs, Sauna Events. 1st of May and Midsummer celebratior)s- family events such as Easter Egg Hui)t aiid Chri5trnas celebrations. The year also marked the 150th annlversary of the Finnish Seanien's Mlssion, which was celebrated as part ofthe Church's cultural programme. Christmas Carols events were held at the Church in Rotherhithe and at Hampstead Heath. Swedish-speaking Finns met at the Church ttvite during the year. Finnish students and young adults also organised events. supported by the Church. Regular groups- Parenl and Toddler Club. Choir Merenkurkut. Seniors, Club. Children's Club, Young People's Group, and Knitting Group met in persotk weekly, forinigh(ly, or montlily. Expectant mothers. ArtGroup. Friendship Network.and Book Club met online or in hybrid Forniat. Finnlsh Saturday School met at the Church approximately every second Saiurday during the autumn and spring terms. The Church also supports the nettvork of approximately 20 Finnish Saturday Schools across the UK. contribuling to the preservation ofFinnish language and culture among children and young people. These activities support the Church's charitable objectives by promoting inclusion. cultural awareness. and engagetnent within the Finnish community in the UK. rin mm nt The Church provides opporlunities for meaningful volunteerin& enabling individuals to contribute to its charitable activities. Volunteering allows participants to make a tangible impact on the community. SUPPOrt the Church's work. develop skills. and build social connections. The Church and its volunteers participated in the Robes Winter Night Shelier, providing practical support to those experiencing homelessness. ndw The Church offer5 pastoral Cdre and access to welfare support for individuals and families experiencing personal difficulty or crisis. helping to promote wellbeing and social inclusion. The Church's welfare work locuses on proaclive support to prevent social problems and promote wellbeing within the Finnish community in the UK. Activities aim to reduce social isolafion. improve wellbein& and connect individuals at risk of social exclusion with the wider community and Finnish networks. During 2025: 884 contacts were made for counsellin& support. and advice; 177 events were organised, atrended by 10,507 participants: 227 volunteers supported welfare activities. Page4
The Finnish Church in London Charitable Trust Trustees. Report for the year ended 31 December 2025 ND PERF The Church also provides emergenLy accommodation under the advisement of the Finnish Embassy. Welfare work is primarily funded by the Finnish Funding Centre for Social Welfare and Health Organisations (sfEA}. The Church works in partnership with a range olorganisations, including but not limited to: Anglo Finnish Society Nordic Churches and Council of Luther3n Churches Church ol England and other Churches Finnish Student Society of Great Britain Local authorities and community groups {Southwark Council. Albion Street Community Charity) Finnish schools and cultural organisations (Suomi-seura. Finnish Expatriate Parliament, Finnish Theatre) These collaboralions enhance ihe reach and effectiveness of the Church's charitable activities. Sta(f during the year iTkcluded clergy [Rector]. a welfare officer. administrative staff (Financial Secretary at 80 % until 30 lune 2025- Facilities and Administration Managerat 80% and Financial Assistant at 200/0 from I july 2025], and service personnel (Service Manager, Kitchen Worker. Cleaner at 400A. and janitor at 40% until 30 lune 2025}. Salaries of Executive Team members. including the Rector, are set by the Board of the Finnish Seamen's Mission and overseen by the Secretary General. Voluntary service assistants supported the Church in a range of practical roles. including welcoming visitor%, kÉtchen duties. and maintaining the Church premises to ensure a safe and welcoming environinenL The Church greatly values the contribution of volunteers in achieving its charitable objectives and fostering community engagement. 2025 2024 2023 2022 2021 Total visitors at the Church 17,714 18.964 20.605 15,367 9,976 Vigitors to Fairs 6.598 6.920 7.632 6,914 4,283 Contacts for counselling, support or advice 884 858 948 1,240 1,725 Participants in the Worship Services 587 490 408 340 349 Participants in the events 10.507 7302 13.171 na enien The trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems and procedures are in place to manage and rnitigate those risks. The major risk identified during 2025 was: PaBe5
The Finnish Church in London Charitable Trust Trustees. Report for the year ended 31 December 2025 Rlsk tltle and descrl tion IJ Financial sustainability 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 Tnonitors this risk at regular meetings and is satisfied that appropriate steps have been taken to mitigate it as far as reasonably possible. Trustees recognise that all risks must be kei)t under ongoing review to ensure the Church continues to operate eltectively in furtherance OF its haritable objectives. At the year end. the charity held total funds of £2.720,016. of which £11,390 were restricted and £2,588,202 were designated. The Finnish Church in London held unrestricted reserves of £120,424, representing approximately 2 months of annual expenditure. The Trustees consider some level of reserves necessary to ensure the ongoing operations of the Church for the following year, particularly as most of the charitys income is typically generated from Charitable events held in November and December. Reserves are used to fund activities during the first ten Iiioiiths of the year and are replenished during the Christrnas 5ea50n. The Trustees review the reserves level annually to ensure it remains appropriate to meet the charity's financial obligations. manage risks. and sustain its charitable aclivities. The charity is supported by its paret)t organisation. which. in line with its objectives, ensures that sufficient cash is available to meet the charity's obligations. For the year ended 31 December 2025. the Charity recorded a surplus of £27,056 [2024-. deficit of £88,053). While the Charity does not aim to generate profits. the Trustees recognise the importance of responsible financial stewardship to ensure the long-term vi3bility of the Church. The Charity's Tnain fundraising acriviEies. including ba7aars and other charitable events. were successful in 2025. Donations were received from members of the congregation, and grants were received from Council of Lutherdn Church in UtL and from the Gezellius Foundation. and the Mattila Foundation in Finland. Donations from Finnish foundations were channelled through the Finnish Seamen's Mission/Church in Helsinki. Welfare activities were primarily funded by the Finnish Ministry of Social Affairs and Health (STEA). The Ministry ol Education and Culture provided a grant to support maintenance and repair works at the Church building. Both grants were administered through the Finnish Seamen's Mission/Cliurch in Helsinkl. Expenditure in 2025 related primarily to running charitable actÈvities. rnaintaining facilities open to visitors, and upkeep of the Church buildings. The Finnish Seamen's Church, the Charitys parent organisation. has confirmed its financial support For the Finnish Church in London until at least 31 May 2027. Following the UK'S departure from the EU. the Trustees recognise the need to monitor any potential impact on the Finnish community. the Church's activities. and its fundraisin& P3ge 6
The Finnish Church in London Charitable Trust Trustees, Report for the year ended 31 December 2025 HALLEN vi Kl The Charity continues to provide a welcoming and inclusive community for Finns in the UK and friends of Finland, sharing the Gospel of jesus Christ through worship. acts of Christian love, mutual aid, and promoling compassion. The Charity promotes equal opportunities. reduces loneliness. and supports connections to Finnish language and culture. while encouraging appreciation of other cultures. The Charity aims for financial Sustsinability by expanding fundraising and scaling operations to match available resources, making decisions infornied by wider economic developments. Services focus on core farget groups. including families.young people. the elderly. and vulnerable individuals. offering 5UPPOrt. volunteer opportunities. and help in time5 of hardship. TRuEES. RESPON The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance witli applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Charity law requires the irustees to prepare financial statements for each financial year that give a true and fair vieiv of the state of affairs of the charity and of its surplus or deficit for that period. In preparing the financial statements, the trustees must: IBILI select SLtitable accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent comply with applicable accounting standards. subject to any material departures disclosed and explained in the financial statements prepare Ihe financial statemenrs on a going concern basis unless it is inappropriate to assume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose. with reasonable accuracy at any time, the financial position ol the charity and enable them to ensure that the financial statements comply ivitl) Ihe Charities Act 2011. They are also responsible lor saleguarding the assets of the charity and for taking reasonable steps to prevent and detect frnud and other irregularities. Approved bythe Trustee5 on 10 March 2026 and signed on theirbehalf by Marjaana ar onen Rector of the Finnish Church in U)ndon Pa8e 7
Independent examinerfs report to the Trustees of The Finnish Church in London Charitable Trust I report on the financial statements of The Finnish Church in London Charitsble Trust for the year ended 31 December 2025 which areset outon pages 9 to 21. Responslblllties 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 Actj. 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 statemeni Since the Trust's gross income exceeded £250.000 your examiner must be a member of a body listed in seclion 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 Wale5. 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 belTeve that in any material respect: accounting records were not kept in respect of the Trust as required bysection 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 attd content of accounts set out in the Charities (Accounts and Report) Regulations 2008 otl)er than any requirement that the accounts give a 'true and fair vie1•/ which is not a matter considered as 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 3pplicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicdble in the UK and the Republic of Ireland (FRS 102). 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 ol the accounts Lo be reached. Miriam Hickson CTA FCA ICS Accountants Limited S Robin Hood Lane Sutton Surrey SMI 2SW Date: 2026 Page B
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The Finnish Church in London Charitable Trust Balance Sheet as at 31 December 2025 2025 2024 Notes Fixed assets Tangible assets Investment properties li 2,263.202 325.000 2,364,091 300,000 Iz Z,588.202 2,664,091 Current assets Debtors Stock Cash at bank and in hand 13 25,180 26,584 120,081 16,483 17,377 137.908 14 171.845 171.768 Creditors: Amounts falling due within one year Is (40,031) (142.899) Net current a55ets 131,814 28,869 Net assets 18 2.720.016 2,692,960 Funds Unrestricted Funds Designated Funds Restricted Funds 120,424 2.588.202 11.390 19,172 2,664,091 9,697 16 17 2.720.016 2,692,960 These financial ststements were approved by the board oftrustees and authorised for issue on l O March and are signed on behalf of the board by: arjaana Harkonen Rector of the Finnish Church in London PaÈe 10
The Finnish Church in London Charltable Trust Statement of Cash Flows for the year ended 31 December 2025 2025 2024 Cash flows from operating activities Net {expenditure)/income 27,056 (88,OS3) Adjustments for- Gain on investment property Depreciation (Increase)/decrease in stock Decreasel(increase) in debtors (Decrease)lincrease in creditors (25.000) 100.889 (9.207) [8.697) (102.868} 100.889 (9.579) 4,399 {7.627] Cash flows provided by operatlng activities (17,827) 29 Cash flows from investing activities Piirchase of property plant and equipment (17.617) Cash flow5 {used in) investlng activities (17,617) Net (decrease)/increase in cash (17,827) (17,588) Cash brought forward at I january 137.908 155.496 Cash carried forward at 31 December 120,081 137,908 Pagell
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 Basis of preparation The Finnish Church in London Charitable Trust is an unincorporated charity. The registered office is 33 Albion Street. London SE16 7HL The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) - (Charities SORP 2019 [FRS 102)) and ihe Charities Act 2011. Finnish Church In London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olherwise stated in the relevant accounting policy notes. The accounts are prepared in pounds sterling rounded to the nearest pound. The trustees have reviewed the going concern position and the level of ongoing Support Irom the parent entity, the Finnish Seamens. Church, and consider that it appropriate forthe financial statemènts to be prepared on the going concern basis. Accounting policies (a) Translation of foreign currencles Monies received from the Finnish Seamen's Church (fornierly Finnish Seamen's Mission) in Helsinki during the year have been converted at the exchange rdte ruling at the date of translation. (b) Tangible fixed assets and depreciation Fixed assets are capitalized at cosL Freehold land TS nut depreciated. Depreciation is calculated to write offthe cost, less estimated residual value. of other fixed assets over iheir expected useful lives, as lollows: Freehold property Long leasehold property Improvement5 to property Fixtures fittings & equipment 2% per annum on straight line basis Over the remaining period of the lease IO% per annum on slrdight-line basis 20% per annum on slraight line basis (c) Fixed asset investments Fixed asset investments are included at fair value at the balance slieet date. Any gain or loss on revaluation is recognised in the SOF (d) Stock Stock is valued at the lower of cost and net realizable value. (e) Debtor5 Debtors are included at the settlement amount due. Prepayrnents are valued at the amount prepaid. (fj 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 deposit. PJ8È 12
The Finnish Church sn London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 Accounting policies (tontinued) {g) Creditors Creditor5 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 recognised at their settlement amounL (h) Income All income itkcluded in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accurary. 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 donation5 is recognised at the same time as the gilt to which it relates. Legacies are recognised once the charity has entitlement to the incorne. it is probable the income will be received and the amount of income receivable can be reliably measured. The value of services provided by volunteers has not been included in these accounts. • Income from charitable activities is included when the activity occurs. This includes bazaar and canteen income. Investment income. including interest is recognised when receivable by the charity. (i) Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Thi5 is shown net of VAT where applicable. Charitable activities expenditure comprises those costs incurred by the charity in the delivery olits activities and service for beneficiaries. It includes both cosis rhat can be allocated directly to such activities and those costs of an indirect nature necessary to support them. O) Fundsaccounting Unrestricted funds are those which are not subject to any special restrictions and they can be used as the Trustees decide in furtherdnce 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 ihe fund being spent. (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 earDed is treated as deferred income. Pase 13
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 Accounting policies (contlnued) (n) Financial instruments The charity only has financial assets and liabilities of 2 kind that qualify as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Donations and legacies 20Z5 Total 2024 Total Unrestrirted Restrlrted Donations Legacies Donations from Finnish seamen' Church 41.441 1,693 43,134 38,068 145.587 103.541 249,128 176.558 Total 187,028 105.234 292.262 214,626 Income from charitable actlvltles 2025 Total 2024 Total Canteen sales Bazaar sales Ceremony income Accomtnodation Sauna, telephone & minibus Room hire income Street Steering Group 77.003 204,518 760 29,720 35.698 5,136 120 76.686 186,840 3.402 22.047 38.750 25.025 Total All amounts relate to unrestricted items in both years. 352.955 352.750 Investment income 2025 Total 2024 Total Rent receivable from investment property Bank interest 15.000 619 15.000 619 Total All amounts relate to unrestricted items in both years. 15.619 15.619 Page 14
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 Other income 2025 Total 2024 Total Rent receivable 56,544 S8,016 Total All amounts relate to unrestricted items in both years. 56,544 58.016 Expendire on charitable activities 2025 Total 2024 Total Unrestricted Restricted Canteen costs Ba7.aar costs Staff costs (note 10) Travel and minibus Overnight accommodation costs Meeting atkd operational expenses Support costs (note 8) 67.308 35,199 162.986 22.788 501 57.484 265.517 67,308 35,199 221,481 23,385 501 57.909 309,541 66,425 35.830 234,201 19,778 1,115 59.609 312,106 58.495 597 425 44,024 Total 611,783 103,541 715,324 729,064 Support cost5 2025 Totsl 2024 Total Unrestrirted Restricted Office expenses Rates, service charges and insurnnce Depreciation Bank charges and interest Repairs and maintenance Telephone Light and heat Cleaning Excha¥Jge Ioss Con%uliancy Accountancy fee Independent examiner's fee 17,645 47,994 100,889 2,956 47.718 10.885 28.447 2.515 1.408 17,645 47,994 100,889 2.956 91,742 10,885 28.447 2.515 1,408 19.417 48.250 100,889 4.050 75.035 13.720 34,042 2,163 5.908 4,000 2.200 2,432 44,024 2.460 2,600 2,460 2.600 Total 265.517 44.024 309.541 312.106 Page IS
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 Net (expendlture)/lncome before transfers 2025 2024 This is stated after charging: Independent examiner's fee Depreciation of owned tangible fixed assets 2,600 100.889 2.432 100,889 io Staff costs 2025 2024 Wages and salaries Social security costs Pension costs 200.076 12,291 9.114 2 11,840 13.863 8,498 221,481 234,201 The average number of persons. including the executive director, employed by the charity during the year ivas: Number 2025 Number 2024 Provision of religious and welfare service5 Managementand administration No member ofstaff received payments in exce55 0f£60.000 in the current or prioryear. No trustees were rein)bursed expenses in the year {2024= nil). However. Marjana Harkonen had travel expense5 paid of £140 to attend a training conference in Finland in the year. Included wiihin staff costs for the provision or religious services are the folloivitkg amounts paid in respect of trustee5 in respect of their role5 as First Chaplain (who is also considered io be the Key Management Personnel) which is perniitted by the Amended 2014 (Memorandum ofAmendment of Trust Deed): Reverend Marj33na Harkonen 58.487 55,698 Pago 16
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 li Tangible fixed assets Freehold land and building (church) Freehold land and Fixtures. building fittings and (other) equipment Leasehold properties Total Cost At I lanuary Z025 Additions 45.811 3.219.805 363.802 153.624 3.783.042 At 31 December2025 45.811 3.219.805 363.802 153.624 3,783.042 Depreciation At I january 2025 Charge for the year 19.080 1,625 1.167.241 91.988 79,006 7.276 153,624 1,418,951 100,889 At 31 December 2025 20.705 1.259.229 86,282 153.624 1.519.840 Net book value At 31 December2025 25.106 1,960,576 277,S20 2.263,202 At 31 December 2024 26.731 2.052,564 284,796 2,364.091 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 [2024: £3,532.155). 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 charily) under a Deed olAssignment and Declaration of Trust during 2007. No payment Was made for this trdnsfer. The Trust owns the Ireehold land olthe Church at 33 Albion Street. London, SE16. The estimated building costs of £SOO in 1958 were met by the Finnish Seamen's Church (formerly Finnish Seamen's Mis5ion} in Helsinki and are therefore not ref]ected in these financial statements. The deeds of all the properties owned by the Trust are registered in the name of The Finnish Seamen'5 Church Nominees Limited who hold them in trust for the Finnish Church in London Charitable Trust. Pa8e 17
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 IZ Investment properties 2025 2024 At I lanuary Additions Disposals Revaluation 300,000 300.000 25,000 At 31 December 325,000 300.000 The investment property is Flat 10. The Squirrels. The trustees revalued the property at 31 December 2025, based on comparison to similar properties within the area. 13 Debtors 2025 2024 Other debtors 25,180 16.483 All amounts fall due within one year. 14 Stock 2025 2024 Finished goods and canteen stock 26,584 17,377 15 Creditors 2025 2024 Amounts falling due within one year. Due to the Finnish Seamen's Church (Helsinki) Trade creditors AccnEals & deferred income Tax and social security Other creditors 80,227 42,473 4,841 3,676 11,682 22,910 5,000 3,187 8,934 40,03 1 142,899 PagelB
The Ffinnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 16 Designated Funds Balance at l Net income January 2025 2.052.564 Transfer Balance at 31 December 2025 Fixed assets- funded by Finnish Seamens. Church grants Other fixed assets Investment property (91.988) 1,960,576 311.527 300.000 (8.901) 25.000 302,626 325,000 Total 2,664.091 (75.889} 2,588,202 Balance at l Net intome lanuary2024 Transfer Balance at31 December Z024 Fixed assets - funded by Finnish Seamens, Church grants Other fixed assets Investment property 2.126.935 [74,371) 2,052,564 320.428 300.000 (8,901) 311.527 300,000 Total 2.747.363 (83,272) 2.664,091 The designated funds were set aside by the trustees to reflert the net book value of fixed assets- these are split between assets funded by grants from the Finnish Seamen's Church and other fixed assets. 17 Restricted Funds Balance at I lanuary 2025 Income Expenditure Transfers Balance at 31 December 2025 STEA Support fund MEC/OKM renovation support Mattila Foundation fund Neville Nelson fund 59,517 44,024 1.693 [59,517) (44,024) 1,693 9,697 9.697 Totsl 9.697 105.234 (103.541) 11,390 Balance at I January 2024 Income Expenditure Transfers Balance at 31 December 2024 STEA Support fund MECIOKM renovation sUPPOrt Mattila Foundation fund Neville Nelson fund 102.433 42,029 2.S22 (102.433) (42,029) {2.522) 9,697 9,697 Total 9.697 146.984 (104,955) (42,029) 9.697 P3ge 19
The Flnnlsh Church In London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 17 Restricted Funds (continued} The STEA Support lund represent5 donations received originally from Finnish Funding Centre lor Social Welfare and Health Organisalions {former RahaAulomaatliYhdistys RAY) channelled through Finnish Seamen's Church (formerly Finnish Seamen's Mission) in Helsinki for support work, including salary costs for the support worker. The MEC/OKM renovation sUPPOrt fund represents grnnts received from the Ministry of Education and Culture towards the renovation of the church building. The transfer during last 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 professional foldable steam ironer. 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 Tn times of hardship. Finn-Guild founded Neville Nelson Fund in 1990 to support 115 members in severe crisis situalions. The fund was transferred in full and agreed to be used according to theconditions Set by the Donor in Deed of Gift dated 28th December 2017. 18 Analysis ocnet assets beiween funds Unrestrirted Designated Restricted Total Fund balances at 31 December 2025 are represented by= Tangible fixed assets Investment properties Current assets Current creditors 2,263.202 325,000 2,263,202 325,000 171,845 (40,03 1] 160.455 (40,031] 11,390 Totsl net assets at 31 December 2025 120.424 2.588,202 11,390 2,720,016 Unrestricted Designated Restricted Total Fund balances at 31 December2024 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 asseL% at 31 Deternber 2024 19,172 2,664,091 9.697 2,692,960 Pago 20
The Finnish Church in London Charitable Trust Notes to the Financial Statements for the year ended 31 December 2025 19 Operating lease commitments At 31 December 2025 the company was committed to making the following payments under non- cancellable operating leases. Equlpment 2025 2024 Operating leases which are due: Less than l year 2-5 years 3.734 10,066 2.017 1,496 13,800 3,513 Lease expense 3,139 3,984 20 Ultimate parent entity The charity form5 part of a larger organisation, The Finnish Seamen's Church {fornierly The Finnish Seamen's Mission}, In Helsinki (FSC).The charity's man2Eement committee includes representation from this organi53tion. The address for The Finnish Seamen's Church is: Provianttikatu 4. 00980 Helsinki. Finland. 21 Related party transactlons During the year, the Church received £249.128 (2024: £176,558) in donations from the Finnish Seamen's ctiurch In Helsinki (relationship as noted above}- The balance owing to the Finnish Seamen's Church In Helsinki from the church at the balance sheet date iyas £Nil (2024: £80.227). Page 21