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2021-04-05-accounts

Charity Registration No. 1052835

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

TRUSTEES REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J W Ledochowski (Chairman) Mrs M Lasocka (Treasurer) Mr J Adach Dr J Kolendo The Rev E Sopala S Chr Charity number 1052835 Principal address St John's Hall Ravenna Road London SW15 6AW Independent examiner Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS Investment Advisors Charles Stanley & Co. Limited 55 Bishopgate London EC2N 3AS

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

CONTENTS

Page
Trustees report 1 - 2
Statement of Trustees responsibilities 3
Independent examiner's report 4
Receipts and payments account 5
Statement of assets and liabilities 6
Notes to the accounts 7 - 10

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

TRUSTEES REPORT

FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report and accounts for the year ended 5 April 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's constitution , and comply with the aims of the Trust and applicable law .

Structure, governance and management

The Trust was established in 1987 and is governed by a declaration of trust made on 19th January 1996. It was registered with the Charity Commission on 13th February 1996. The objective of the Trust is to establish a charitable fund for the purpose of funding the repair and maintenance of the fabric of the church building and also for the purposes of providing a stipend for the priest for the time being officiating at the church.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The Trustees have compiled with their duty as required by the Charities Act 2011 to have due regard to the guidance issued by the Charity Commission concerning public benefit requirement.

The Trustees who served during the year were: Mr J W Ledochowski (Chairman) Mrs M Lasocka (Treasurer) Mr J Adach Dr J Kolendo The Rev E Sopala S Chr Mr Z B Buchinger (Former Treasurer) (Deceased 22 March 2021)

New Trustees are nominated by the Management Committee and Trustees at the AGM, and are eligible for reelection annually.

The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The Trust's objects are to establish a charitable fund for the purpose of funding the repair and maintenance of the fabric of the church building and also the purposes of providing a stipend for the priest for the time being officiating at the church.

Achievements and performance

The investment portfolio of the Trust generated a total income of £20,833 (2020 £19,464), comprising UK and foreign dividends and distributions. Investments sold totalled £93,207 (2020 £66,162) including realised gains of £25,953 (2020 £11,241). New investments totalled £102,948 (2020 £73,136).

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Financial review

The net receipts of the Trust amounted to £2,621 (2020 £4,325) for the year ended 5 April 2021. At the balance sheet date the cash balance amounted to £17,381 (2020 £14,760).

When incorporating the investments held at cost of £895,393 (2020 £859,697) the net assets of the Trust amounted to £912,774 (2020 £874,457) as at 5 April 2021.

The above has been achieved with assistance of our Stockbrokers, Charles Stanley and Company Limited, who are to be thanked for their diligence in directing our investment portfolio.

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves at current levels, combined with the charity's annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

On behalf of the board of Trustees

Mr J W Ledochowski (Chairman)

Trustee Dated: 17 November 2021

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

I report to the Trustees on my examination of the financial statements of St John's The Evangelist Roman Catholic Polish Church Preservation Trust (the charity) or the year ended 5 April 2021.

Respective responsibilities of Trustees and examiner

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"). The charity's Trustees consider that an audit is not required for this year under section 144 of the 2011 Act and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Morley ACA

Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Dated: 17 November 2021

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2021

Unrestricted
funds
Notes
£
Receipts
Dividends
16,776
UK Property Income Distributions
2,454
Foreign Dividends
1,603
Realised gains on the sale of investments
25,953
Sale of Investments
67,254
Total receipts
114,040
Payments
Purchase of Investments
102,948
Investment managment fees
7,751
Governance costs
720
Total payments
111,419
Net receipts / (expenditure)
2,621
Cash fund balances at 6 April 2020
14,760
Cash fund balances at 5 April 2021
17,381		 Total
2021
£
16,776
2,454
1,603
25,953
67,254
114,040
102,948
7,751
720
111,419
2,621
14,760
17,381		 Total
2020
£
15,242
2,295
1,927
11,241
54,921
85,626
73,136
7,445
720
81,301
4,325
10,435
14,760

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

STATEMENT OF ASSETS AND LIABILITIES

AS AT 5 APRIL 2021

Notes
Cash at bank
Accrued Income
Balance at Charles Stanley
Cash at bank and in hand
Creditors: amounts falling due within
one year
3
Total cash at bank
Income funds
Unrestricted funds
Investment Assets at Cost
Investment Assets at Cost
4
Net assets		 2021
£
1,404
16,131
566
18,101
(720)		 £
17,381
17,381
17,381
895,393
912,774		 2020
£
1,406
12,789
565
14,760
-		 £
14,760
14,760
14,760
859,697
874,457

The accounts were approved by the Trustees on 17 November 2021

Mr J W Ledochowski (Chairman) Trustee

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared on the receipts and payments basis in accordance with the Charity Commission guide (CC16).

1.2 Trustees' Remuneration and Expenses

No remuneration or expenses were paid or payable for the year to any trustee or any person or persons known to be connected with any of them.

1.3 Related Party Transactions

There were no related party transactions during the year.

2 Employees

There were no employees during the year.

3 Creditors: amounts falling due within one year 2021 2020
£ £
Accruals 720 -

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

4 Schedule of investments

UK Equities
Balfour Beatty
Bloomsbury Publishing
Britvic
Carr
Discoverie Group plc
Electrocomponents
Euromoney
Fisher (James) & Son
Glaxo
Hill & Smith
Howden Joinery
HSBC US$ 0.50
ITV
Kin and Carta Plc
Macfarlane Group
Marstons
John Menzies
M&G
Natwest
Prudential
Ricardo
Rio Tinto
RPC Group
RPS
Smiths
Speedy Hire
Standard Life
Superdry
Synthomer Plc
Vodafone US$ 0.210
Volution
Europe (excluding UK) Equities
Linde plc
Siemens (REGD)		 2021
£
16,394
9,877
8,752
11,122
8,080
5,343
14,174
12,140
11,346
3,383
10,152
15,288
12,168
18,034
16,129
9,969
8,200
-
12,513
11,383
11,965
11,631
-
15,079
13,140
13,465
4,219
20,462
12,872
14,683
11,972
343,935
15,259
7,608
22,867		 2020
£
16,394
9,877
8,752
11,122
12,156
5,343
14,174
12,140
11,346
3,383
10,152
15,288
12,168
18,034
16,129
9,969
8,200
1,816
-
11,383
11,965
15,210
-
15,080
13,140
13,465
4,219
20,462
12,872
14,683
15,656
344,578
-
8,351
8,351

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

4
Schedule of investments
North Amercia Equities
Intel Corp com
Canadian General Investments
Cisco Systems Inc US$ 0.001
General Electric US$0.06
Johnson & Johnson US$1
Global and Private Equities
3i Group
Scottish Mortgage
UK Government Bonds
2.5% IND-LKD Gilt 17/07/24
Corporate Bonds
Bruntwood Investments
Lendinvest
Premier Oil
Rathbone
Global / Strategic
AXA Fund Managers
Legal & General
North America Equities
Gabelli Value
Global Equities
Br Empire
AVI Global
Schroder Unit Trusts
T Bailey Fund Services		 10,167
9,920
-
14,546
5,628
40,261
3,528
4,171
7,699
27,474
27,474
21,887
29,525
21,502
25,877
98,791
31,798
36,788
68,586
-
-
-
19,365
20,000
28,339
67,704		 (Continued)
-
-
10,118
14,546
5,627
30,291
3,528
7,033
10,561
27,474
27,474
21,887
29,525
21,502
25,877
98,791
31,798
36,788
68,586
19,864
19,864
14,038
-
-
28,408
42,446

ST JOHN'S THE EVANGELIST ROMAN CATHOLIC POLISH CHURCH PRESERVATION TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

4
Schedule of investments
Property Investments
Schroder Real Estate Trust
Supermarket Income
Workspace
Alternatives - Hedge Funds / Absolute
Return
Aberdeen Standard
BNY Mellon Fund
BNY Mellon Global
J P Morgan
RIT Capital Partners
Premier Portfolio Managers
Private Equity
Hipgnosis Songs Fund Ltd
Alternatives - Infastructure & Renewable
Energy
HICL Infrastructure		 22,080
25,466
14,356
23,957
25,442
-
27,466
14,719
27,876
14,969
21,745		 61,902
119,460
14,969
21,745
895,393		 (Continued)
22,080
25,466
14,356
61,902
23,530
24,871
22,000
27,466
27,240
125,107
-
-
21,746
21,746
859,697

The market value of investments at 5th April 2021 was £994,424 (2020: £742,366).

The above Investments were managed by Charles Stanley and Company Limited, a member of the London Stock Exchange.