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 0￿1(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 charl￿5 objectives are achieved by providing services which are described in more detsil below.
TRU￿uRE 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 charl￿S 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, O￿lce, 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.
TRu￿EES. 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

Lft rl tn
krt th *
VJ v)

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
Expendi￿re 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