ST JOHN'S GUILD (A company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023 Registered Charity Number: 1109399 Company Registration Iyumber: 05392217
ST JOHN'S GUILD Reglslered Charity No. 1109399 CONTENTS Page Legal and athninistrative inforniation Trn8teeg' Annual Report Statement of Trustees, responsibilities Independent Examiner's r¢port Ststement of Financial A¢rivities Ststement of Finan¢ial A¢tivifies for 2022 Balanc¢ Shccl Notes to the Financial Statements 10-21
ST JOHN'S GUILD Reglstered Charity No. 1109399 LEGAL AND ADMll¥ISTRATIVE INFORMATION Trustse8: Fatber Darren Smith (Cbairnlan) Father Brian Regan Miss Anne Abel, BEM Mr John Grosvenor cfreasvrer) Mrs BaAr2 Cork Company Reglstsred number: 05392217 Charity Registsred Number: 1109399 Registered office: 16 Commercial Street Binningham BI IRS Company Seeretary: Natssha Gittens Bankers: Lloyds Ballk PIC The Quadrant St Albans Hertfordshi AL4 9RQ Independent Ex8mirter: Nicholas Sirnkin5 FCA Butts Fatm GTeat Haywood Staffordshire ST18 OTF Investment Manager8: CCLA On¢ Ang¢1 Lan¢ London EC4R 3AB
ST JOHN'S GUILD Regtstered Charity No. 1109399 TRUSTEES, ANNUAL REPORT For the year ended 31 December 2023 The truste¢s present their annual rew)rt alld fanCIal srateni¢nts of the ¢harity for the year ended 31 December 2023. Th¢ finanL'ial statements have been prepared in acLordanc¢ with the a¢¢ounting policies set out in note 2 10 th¢ a¢eouni$ and ¢omply 'ith the charity's trusi deed, the Charities A¢1 2011. the Companies Act 200C). The Memorandum and Articles of Aswciation and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable (o chariiies preparing their accounts in accordance w.ith the Financial R¢pottillg Standard applicable in the UK and Republic of Ireland {¢fftlv¢ Jai)uary 2019). OWECTIVES AND ACTIVITIES The objective$ of th¢ Guild are to relieve the needs of petsons with visual impainnent attd hearing impairnient in particular.. M¢mbers uf the Church of England with visual impainneni M¢mb¢rs of other Chrtstian denominations with SU#l impairn)¢nt Persons With bofh visual and hearing irnpairn)ent Persons with h¢aring impairnent and other physical disability iv) by offering spirifval, phy$i¢al and sensory assistallce to people who are blind, deafn)litid. visually impaired. and to ihose with othcr disabilities. PUBLIC BENEFIT The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning fulure activities. A Ncwsletter and separdie Companionship of Prayer is now being produced for members, and others. at a heavily wbsidised cost to enricli the spiritual growth of members, St John's Guild meets all the costs of producing quarterly Bible Reading Fellowship iiot¢s in Bratlle w'hich serves people nationwide and iThternationally with readers in New Zaland, Malaysia and Africa amongst others. STRUCTURE, GOVERNANCE AND MANAGEMENT const1tIon The Guild is constituted as a company limited by ¥uarant¢e whiLh was incoTPN)rated in England on 14 Mawh 2005 Icompany no 05392217 and Charity no 1109399). Its activities are governed by its Memorandum and Articles of Aswiaiion which have not been amended sin¢¢ 14 March 2005. Method ol appoilltment or electÉon ofTrustee8 The constitution provides for a Trustee body of not less ihan four members, with no MlMum. Trustees seek to fill Vacancies from the chaTity's existing supporter base considering the skills, experi¢nce and personal qualities needed to mait)tain the balance of the I.ruS body. Appointments may only be mAde at the recommendaiion of the Trustees. We revi¢w and implement <in induction pn)cess for new'fru81tts.
ST JOHN'S GUILD Reglstered Charity No. 11119399 TRUSTEES, ANNUAL REPORT (Conthiued) Tror the year ended 31 De¢ember 2023 Oryanlsatlonal stru¢thre and d¢ei$ion making Th¢ St. John's Guild Board of Trustees consists of a Chairman and at least 3 oih¢rs, who-are el¢¢ted at the AGM with the Company Secretsry being in attendance. Decisions about the Charity are discussed at regular meetin¥s of the Trnsl¢¢s {Board of Dire¢ior8). Zoom is available for any who are unable to attend in person. Branch Secretaries- responsible for all Guild Members of their individual branchcs. St John's Guild is a Church of England based organisation. KEY MANAGEMENT All Guild affairs are administered from the off1ee in Birniingham, to develop and promote publicAtions in accessible fornTrats if requested for chUhe$ Dationwid¢ to ¢nhanc¢ p¢ople's participation in chUh worship. IUSK FACTORS The TTUStees have a risk register to identify the key risks facing the Guild &nd the actions required to mitigate these risks. These regtster is reviewed by the Trusiees to ensure that they are cutr¢nt attd l¢vant. ACHIEVEMENTS AND PERFORMANC Review of a¢tlvltle$ We seek to offer 5Piritual, physical and sensory assistance to people who are blind, deafjblind, visually irnpaired. and to those with other disabilities. The Guild offers grdnts to support blind I visually impaired and their eompantons to make pilgrimages or tttreats. In 2023 St John'5 Guild introdu¢ed grants for parishe5 enabling them to make worship more accessible for those with special need$ with emphasis wn tho* who are blind or visually impaire¢L Ongoing refurbishments of St John's Guild properties in Sl Raphael'$ are undertaken as nece8s8ry to ettqure mainthining a commercial slkndard for letting by A I(al propKty agency.
ST JOHN'S GUILD Registered Charity No. 1109399 TRUSTEESI ANNUAL REPORT (ContiDyed} For the year ellded 31 Deeember 2023 Investment poli¢y *nd performance In accordan¢¢ wilh the governing docuinent, the'frustees have the p)w'er to make such investtnents as th¢y think proper and to place tunds on deposit with any BanL The Trust¢¢$ have completed a review of their investtnent management policy and are satisfied that it still complics with tbe ethical policles of the Guild. The investsnents are managed by CCLA fLmd managers in London. During the year the trustees have continued reviewing and implementing their business plan. FINANCIAL REVIEW Results for the yethr The net incoming resources for the year amounted to £33,113 (2022 - £60,189), but after net realised and unr¢aliscd gains on investments of £154,660 {2022- £206,281 loss) the final net movement in funds for the year resulted in a surplus of £187.773 (2022- £146,192 defLClt). R¢serves It is thc policy of the tNstees 10 build up adequate reserves to mee( its running costs for twelve months. The level of reserves is moniiored and reviewed at least annually by th¢ Trustees. Unrestricted reserves are continuously monitored and reviewed. Unr¢stricted funds at the year end were £2,947,316 (2022 - £2,795,543), ettdomrynents funds at the year end were £1,1241,931 12022 £1,241,931). Total funds of the Gulld at the year end were £4.189.247 12022 - £4.001.474) Golng con¢er With the current level of unrestricted reserves, the trnstees have a reasonable expectation that the Lharity has rcsourccs to continue in operalional existence forthe fore5eeabl¢ futur¢; th¢fOre, th¢ going Concern basis bas been adopt¢d in preparing these fmancial stateinents. This report was approved by th¢ Trustees on 18 July 2024 attd Sied oll its behalf by I'he R Trust erend Canon fr'ather Darren Smith SSC
ST JOHN*S GUILD Registered Charity No. 1109399 STATEMENT OF TRUSTEES? RESPONSIBIMTILS For the year ended 31 December 2023 The trustees (who are also directors for pw)oses of company law) are responsible for ptrparing the Tntees. Annual Rewrt and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice}. Company law requires the trustees to prepare financial statements for each financial year which give a iThe and fair of the state of attairs of ttLe charitAble company of the incoming resources and application of resources, including the income and expenditure, of the charitabl¢ company for that period. In preparing these financial stsl¢m¢nts. th¢ trusl¢¢s are requir¢d to.. s¢l¢ct suitabl¢ accounting policies and then apply them CO918t¢ntly. observe the methods and principles in th¢ applicabl¢ Clwities SORF. ake judgements and estifflates that are reasonabl¢ and pent. prepare the financial statements on the going concern basi5 unless it is inappropriate lo pme that the djarity will continue in business. The trustees are responsiljle for keeping prop¢r and adequate accounting records that disclose with reasonabk a¢curn¢y at any time the fm2nci81 position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 21106. They are also r¢spoTJsible for safeguarding ihe assets of the ¢haritLbl¢ ¢ompany and hence for tsking reasonable steps for the prevention and detection of frnud and other irregularities. The truste£s are responsible foT th¢ maint¢naDC¢ and inl¢grity of th¢ charity and financial information included on the ¢harity's websit¢ in ac¢ordan¢e with legislatiCTrn in the United Kingdom governing the preparation and dissemination of financial statements. Approved by th¢ Trustees on 18 July 2024 sxgrned on its behlf by The Re Trust rend Canon FRther Darren Smlth SSC
ST JOHN'S GUILD Reglstered Charity No. 1109399 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF ST JOHN'S GUILD For the y¢ar ended 31 December 2023 I report lo lh¢ ¢hariTy's Trustees on my examination of the accounts of ihe ¢ompany for the year ended 31, Decetnber 2023. Responsibilities and b#sis for report As Trustees {and also its directors for the purposes of company law) you are responsible for the prepardtioll of the accounts in accordance with the requir¢m¢nts of the Companies Aci 2006 ('the 2006 Acl,). Having satisfied myself thai tbe accounts of the Company are not required to be audited under Part 16 of th¢ 2006 Act and are eligwible tor ind¢pend¢nr examination, I report in r¢sp¢¢l Ot.m e1ttiOn ofr your charity's accounts as catTied out under section 145 of the Charities Act 2011 {'the 2011 Act,). En carry ing out my examination I have followed the DitEctions giiFen by th¢ Charity Commission under section 145(5} (b} of the 2011 Act. Independent examiner's sltenient I confinn that I am qualified ro undertake the examination because l am a member ol. the Institute of Chort¢r¢d Accountants in England & Wales. I have completed my examination. I confirm that no matters have come lo my attention in connection with the ¢xamination giving me ¢aus¢ to belleve: . accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records- or 3. the accounts do nor comply with the accounting requirements of section 396 of the 2006 A¢t other than any requiremeni that the 8c¢uunls give a'irue and fair vi¢w which is not a mailer considered as part of an ind¢p¢ndent examination. or 4. the accounts hav¢ not bccn pr¢parcd in ac¢ordanc¢ with thc methods and principles of the Stament of Recommended Practice for accounting reporting by charitie5 applicable to charities preparing their accounts An a¢¢ordan¢¢ with the Finan¢ial Reporting Standard applicabl¢ in th¢ UK and R¢publi¢ of Ireland (FRS 10?). I have no coneerns and have come across no other matters in eonneetion with the examination to which attention should be drawn in (his rep(*rt in order to enable a proper understsnding of ihe accounts to b¢ r¢achcd. cholAs Slmkins FCA (ICAEW) Butts Far Great Haywood Slaffordshi ST18 OTF 18 July 2024
ST JOHN'S CUILD Regls¢er¢d Charity No. 11119399 STATEMENT OF FINANCIAL ACTlVtTIES (incorporating Income and Expendlture Account) For the year ended 31 December 2023 Endoiymettt Funds Unrestricted Fund5 Totgl Fund5 2023 Total Funds 2022 Note INCOME AND ENDOWMENTS FROM: Donations and legacies In¢ome from investments Charitable activities 4.622 142,815 2,691 4,622 142,815 2,691 16 133,053 576 Total irt¢oming resources 150,128 i.W,128 133,645 ExPENDURE ON: ChariE&ble a¢iiviti¢$ Raiging funds Other 89,884 22,740 4,391 89,884 22,740 4,391 43,739 22,950 6,767 Total resources expended 117,015 117,015 73,456 Net income/(expenditure) before gains and losses on investments 33,113 33,113 60,189 Nel gaiDsl{losses) from investments li 154.660 154,660 (200.381) NET (EXPEIYDITURE) / INCOME 187,773 187.773 (146,192) R¢eoneiliation of funds Total fimds brought forward 1.241,931 2,759,543 4,001,474 4,147,666 Total funds carrled foThard 1341,931 2,947,316 4,189,247 4,001,474 Th¢ nol¢s on pag 10 10 21 fortn part of the5¢ financial slatcments.
ST JOHN'S GUILD Registered Chrity ,. 1109399 STATEMENT OF FINANCL4L ACTIVITIES Oncorporaling lllcome and Expenditure A¢¢owit) For the year ended 31 December 2022 (for comparalive purposes) Lndowment Funds Unrestricted Funds lotal Funds 2022 Total Funds 2021 Note INCOME AND ENDOII'MENTS FROM: Donations and legacies Income from investments Charitable activities 16 133,053 576 16 133,053 576 32 127.012 7,373 Total Incomlng resources 133,fA5 133,645 134,417 EXPENDITURE ON: Charitable activities Raising funds Other 43,739 22,950 6,767 43,739 22,950 6,767 45,487 37,531 7,088 Total resources expended 73,456 73,456 90,106 N¢t lncornel{expendireI before gains and loss¢s on inv¢sth¢nts 60,189 60,189 44Jll Net gains fr(Trm PTOP¢rty revaluations IO/ll 734,830 N¢t gains/(losses) from Ivesn¢nts (206,381) (206,381) 247.606 NET (EXPENDITURI) I INCOME (146,192) {146,192) 104,831 Reeoneillarfon of fullds Total funds bTought forward 1,241,931 2.905,735 4,147,666 3,120,919 Total funds earrled forward 1,241,931 2,7S93 4,001,474 4,147,666 The notes on pages 10 to 21 forn part of these finwKial statements.
ST JOHN'S GUILD Registered Charity No. 1109399 BALANCE SHEET For the year ¢nded 31 D¢¢ember 2023 2023 21)22 Note FIXED ASSETS Tangible a5sels Investments 10 230,612 3.902,634 230,765 3,670,944 4,133,246 3,901,709 CURRENT ASSETS Debtors C&sh at bAnk and in hand 12 3,346 56,445 4,681 99,034 59,791 103,715 CREDITORS: Amounts falling due within one year l3 (3.790) (3.950) Net current Assets 56.0(kl 99.765 Net Assets 4,189,247 4,IMII,474 FUIYDS Endowm¢nt Funds UJTrttstricted Funds: 14115 14115 .241,931 2,947,316 1,241,931 2.759.543 4,189,247 4.001,474 These financial ststernents have been prepared in accordance with the Special provisions for 11 companies und¢r Part 15 of the Companies Act 2006. For the fllMllcial year ended 31st December 2023 the company was entitled to exemption under section 477 of the Compamies Act 2006 relating to small ¢ompani&8. No member5 hav¢ required the ¢ompany to obtsin an audit of its accounts for the year ended 31$1 December 2023 in accordance with section 476 of the C¢)mponi¢s Act 2(K16. The Trustees a¢knowledge their responsibility for ¢ornplying with the requirements of the Act with reSpt to accounting records and for the prepardtion of aoUnts The f]nancial $tslernent8 were approved by the Trustees 18 July 2024 Z The R¢ver¢nd Canon Father D8rren Smlth (Trusttt) SSC... The nol¢s on pages 10 to 21 forni part of these financial statements.
ST JOHNIS CUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL SI'ATEMENTS For the year ended 31 December 2023 ClIUTy INFORTIoN AND COMPANY STATUS St John's Guild is an incorporated charity regiSted in England and Wales No. 1109399. The Registered ol£e is 16 Commercial Stree4 Birniingbam, Bl IRS. It is a company limir&J by guardntee. The Members are the nteeS named on page l. In the eveni of the company being wound up, the liabiliiy of the guarantee is liinited to £10 per member of the company. ACCOUNTING POLICIES The principal accounting policics adopted, judgenients and key sources of estimation uncertainty in the prepardtion of the financial statements are &8 follows.. Basis of preparation on a going coneern bas15 Th¢ financial $thl¢ments have been wepared in accordance with A¢¢ounting and Reporting by Clwities: StAtement of R¢c¢)mrn¢nd¢d Practicc applicable to cl)aritics prcparing their accounts in accordanee with the Financial Reporting Stsndard appli¢abl¢ in th¢ UK and Rq)ublic of Ireland (FRS 102) leffeciive l January 2019) - (Chariti¢s SOR (FRS 102)), the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) and the Compalli¢s A¢t 2006. The financial sta*ments ar¢ pr¢par¢d on a going ¢on¢ern ba$i$. Ass¢ts and liabilities are initially reCOlSed at historical cost or transaction value unless otherwise srated in the relevant accounting policy note{s). The functional and presentational cunency As GBP and the accounts alt Unded to the nearesi £1. The Guild meets the definition of a public benefit enrity under FRS 102. Assets and liabilities are initially reeognised at hi$iori¢al cost or transaction value unless otherwise sthted in the relevant a¢untIng )IlLY noteg. b) Fund o¢rounting General funds are unre5tii¢t¢d limds whi¢h arc available for us¢ at th¢ di$tiOn of the Trustees in furtherance of the g¢n¢ral objxtiv¢s of th¢ Company and which hav¢ not b¢¢n d¢signat¢d for oih¢r pUrse5. Desigttated fLd$cOprisc UnstrICtEd funds thathav¢ bKn s¢t asid¢ by th¢ Trusts¢s forpartieular purposes. The aim and of each dcsignated lund is sei oul in the llotes to the tinancial statcment& Restricied funds are funds which are to be used in accordan with specific restrictions imposed by donors or which have beeD raised by th¢ company for particular purposes. The costs of raising and administerig such funds are charged against the 5cifiC fund. Th¢ aim and of ¢a¢h restricted fund is set out in the notes to the fla1 ststem¢nts. Endovrnient funds comprise the proceeds of sale of part of the land vested in the chariry on estsblishment and various endowed proiKrties, adjusted for by any changes in the prOty valuation. 10-
ST JOHNS GUILD Reglstered Chirlty No. 1109399 NOTES TO THE FINANCIAL STATETrtENTS For the year ended 31 December 2023 In¢ome re¢ognition All incoming resources are included in the Ststement of Financial AcliNities when the ¢harity has legal entitlement to the income, the amount can be measured with sufficientreliability, and it 18 probable that the income will be received. For legacia. entitlement is the earliest of the company being notified of an impending distribution or the legacy being received. Donated facilities and donated profession81 services are recognised in income at their fair value when their economic benefit is probabl< it can be M&llred reliably and the charity has control ovcr th¢ itcm. Fairvalu¢ is d¢termind OTh basi5 of th¢ value of the gift to the charity. For QMple. (he amount the charity would b¢ willing to pay ill tb¢ open market for su¢h faciliti¢s and services. A corresponding arnount is recognised in ¢xp¢ndinw¢. Investment income is earned through holding Assets for inveslment purposes such as shares and property. It includes dividends, interest and rent. Interest income is recognised using the effective iThterest meth(Kl Ind dividend and rent incorne is recognised &s ihe charity's right to receive payment is estsblished. d) Expendithre recognition All expenditure is accounted for on an accn[S basis and bas been included under expense cat¢gori¢s that a¥gregate all Losts for allocation to activities. Expenditure is recognised where th¢Te is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measuTed reliably. Where costs cannot be directly attributed to particular aclivitics, they have b¢en allocated on a basis consistent with the use of the resources. Tanglble flxed a55ets and deprecldon Tangible fixed assets are stat¢d at cost Icss dcprcciation. Dcptrciation is provided at rates caleulated to write off the cost of fjxed assets, less their estimated residual value, over their expecl¢d uscful lives on the following bases.. FIXr¢S & Fitlings tr equipment IOty/o r¢ducing balance - 20% reducing balance No depr¢¢iation has been charbTed for the year on the freehold and leasehold buildings as the Truslc¢s ¢onsid¢r tha¢ the e¢onomic ]it¢ ofthe propety and its residua] value, excluding inllation, is such that th¢ annual depCIatiOn charge and accumulated depreciation are not significant. The residual value of the property is regularly reviewed and an impairment review carried out annually in order to id¢ntify any pernydnent dtminutxon in value which would be charged to the profit and loss account. It is the Charity's prdctice to mwintain ihe assets in a COntirLu&I state of gound repair f which it ha8 a planned maintenance programme. The property portfolio wa8 r¢valued in 2021.
ST JOHN'S GUILD Registered Ch4rlty No. 1109399 NOTES TO THE FINANCIAL STATEMEiYrs For the year ended 31 December 2023 Investment properties Investment properties for which fair value can be tneasured reliably without undu¢ cost or ¢ffon are measured at fair Tralue at each reporting date wilh changes in fair value recognised in "nei gainsl (losses) on ii)vestmenlS" in ihe SOFA. The properties were revalued in 2021. g) Fixed asset investments Investments are a fonm ot, basic funCIal inStMent and are initially recognised at their n$3¢110n value nd subs¢qucntly Incasurcd at their fair value as at the balance S¢1 dat¢ using the Llosing quoted market price. The statement of financial actkvities includes the net gains and losses arising on revaluaiion and disposals throughout the >ear. The chariry does not acquire options. derivatives or other complex financial instruments. The main forni of ruwncial risk faL¢d by the charity is that of volatility in equity inarkets and ini'estment mark¢ts due to wider cconomic conditions. the attitude of investors lo investtnent risK and changes in scnlim¢nt Loncerning ¢quiti¢s and within particular Seclors or sub t0[s. The inveslments are all UK lisied investments managed by a firm of investment brokers on behalf of the charity. All gains and10&8e8 are taken to the S¢akment ofFItw.lal Aclivities as they arise. Realised gains and losses on investments are Lalculated as th¢ diff¢r¢n¢¢ b¢rwe¢rt sales pro¢eeds and their opening carrying value or their putthase value if acquir] subsequent lo the fwst day of the financial year. Unrealised gains and IosKs are calcula*d as ihe difference between the fair value at the year end and their carrying value. Realised and unrcalised investment gains and losses are combined in the Statemeni of Financial Activili¢s. h) Deb¢or5 and credltors reeelvable I payable withln one year Debtors and ¢reditors with no stated intercst ratc and rcccivablc or payablc within one year aff r¢¢orded at transaciion price. Any losses arising from impairnient are recognised in expenditure. Tax The charity is an cxcmpt charity within the meaning of schedule 3 of the Charities Aci 201 l and is congidered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the derltIOn of a charitable company for UK COLyofdtion tax PULposes. J) Irrecoverable VAT The Charity is not registered for VAT. Irrecoverable VAT is included within the relevant expcns¢ on which tt is charged.
ST JOHN'S GUILD Registered Cb8rity No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2023 k) Financial iD5truments The Charity only has financial a&8ets and finallcial liabilities of a kind that qu&lify as basic financial instruments. Basic fllwncial instruments are inilially r¢cognised at transaction Ille and subwuently measured at their settlemenL Financial assets that are measured at COSt and amortised c(Trst ar¢ a5d at the end of each rep)rting period for objective efvidence of impairnient. If objective evidence of irnpairni¢nt is found. an impairni¢nt loss is recognised in the Statemenl of Financial Activitie8. Financial ass¢ts that are me&sd at fairvalue atr valued based on valuations obtained at the year-end. i) Judgmelltg th applying #¢¢ounting poJieie5 and key sour¢e$ of e8tima¢fion uncertalnty In preparing the Financial Statements: the Trustets are required to make estimates and assumptions whlch aff¢ct reported income, expenses, assets, liabilitxes and disclosure of conting¢nt ass¢ts and liabilities. Use of available information and application of judgement are inherent in the forniation of eslimates, together with exCtatIOnS of future events that believed to be reasonable under the circumstances. Act1 results ill the futyr¢ ¢ould diff¢r from such estimates. There are no key assumptions or other sources of ¢stimation that have a significant risk of cavsing a material adjusttneni to the ¢arrying values of assets and liabilities within the next financial year.
ST JOHN'S GUILD Registered Chwity No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2023 DONAI'IONS AND LEGACIES 2023 2022 Donations frorn members Legacies 72 4,550 16 INVESTMEh'T INCOME 2023 2022 Investment income 51,191 47,446 Interest on cash deposits 20 44 Rental income 91.604 85,563 142 133,053 INCOME FROM CTrL4RITABLE AcfiviTIES 2023 2022 Member subsrriplions Other income 576 2,351 2,691 576 EXPLNDITURE ON RA]SG FUNDS 2023 2022 Investment property expenses 22.740 22,950 22,740 22,950
ST JOHN'S GUILD Reglstsred Charlty No. 1109399 NOTES TO THE FINANCLiL STATEMENTS {Conthiued) For the year ended 31 December 20LI ANALYSIS OF CIL4RITABLE ACTIVITILS 2023 2022 Parish grants (nole 7) Office rent Walsingharn Insuranc¢ Repairs and ren¢wals 43,370 10,840 3,363 655 3,255 1,835 10,840 1,916 613 534 2,334 143 4.200 20,384 1,398 612 191 161 413 Telephone Printing, postagc and stAtionery Wages and salari¢s National insurance Pension ¢onffil)ution Depreciation Bank chaTg¢s Sundry 4,216 21,461 153 92 89,884 43,739 ANALYSIS OF GRANTS PAtD The grdnts are in fLvtherance of the maill objects as set out in the Trustees. Annual Report. The trUSs, PKplicy for making grants is to consider applications and priotitise those grants Seen as pursuing the objectives most efficiently. New sound and video systems Printing for Walsingham 41,902 1,468 43,370
STJOHN?S GUILD Reglstered Ch8rity No. All)9399 NOTES TO THE FINANCIAL STATEMENTS (Contlnued) For the year ended 31 Deeernber 2023 OTHER EXPENSES 2023 2022 Independent examinatio Bookkeeping fees Tru$t¢cs cxpcnscs Professional fees 3,410 443 538 3.250 1,466 618 1,433 4J91 6,767 TRUSTEES. EXPENSES AND REMUNERATION During the year £538 {2022 - £618) was reimbursed in out-of pwket expens¢s two lrnstees {2022- two) This c¢)nsisted of reimbursements of travel exwises to meeiin&8 and events. There were no outsthnding balances due to or from Trnsiees ai the year-end {2022- nil). No Irusttts C¢1V any remuneration or benefits in kind in the year (2022- Nil). io. STAFF COSTS 2023 2022 Wages and s&lari¢s s(la1 security ¢OSiS Pension costs 21,461 20,384 1.398 Ol2 22,105 22,394 No emplo ¢arned £fA>,000 pa or Inore. TIK average nwnber oft"employees dwing the Y was.. 2023 2022 No Administration 16-
ST JOHN?S GUILD Registered Chrity No. 1109399 NOTES TO THF. FtNANCIAL STATEMENTS FOT the yr ended 31 Deeember 2023 11. TANGIBLE FIXED ASSETS Long term Flxtures &, leasehold Fittings property Tot1 COST l January 2023 Revaluation l additions 230,OIXI 4,738 234,738 31 Deccmbcr 2023 230,000 4,738 234,738 ACCUMULATED DEPRcIATIoN l January 2023 Charge for the year 3,973 153 3,973 153 31 December 2023 4,126 234,126 NET BOOK VALUE 31 Decetnber 2023 230,000 612 230,612 31 D¢c¢mbtt 2022 230,000 765 230,765 The leasehold property comprises Flat 6 St Raphael's Court StAlbans, which is used by the charity for op¢rdtional use. Valuation at as 31 December 2020 w&$ £80,000. During 2021 the TnL8tees obtained a professional valuation of this propetyby McNeill Lowe and Palmer, a firni of Chartered Surveyors. The propety was revalued at mark¢t Wdlue on 6 July 2021 at £230,000 an in¢rease in value of £150, 000. The revaluation increase of £150,0 wa8 allocated to the St Raphael's Endowm¢rti Fund. 17-
ST JOHN'S GUILD Reglstered Chartty No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year et)ded 31 Detember 2023 12. FIXED ASSET INVESTMENTS Investment properti¢s Ltsted Investments Cash held by Investment brukers Total Market value at l January 2023 Gains l (Losses) in the year in SOFA Additions & disposals Income retained 2,024,700 1,643,860 154,660 2.384 3,670,944 154,660 75,000 2.029 75,0(K) 2.029 Market value at 31 December 2023 2,024,700 1,798.520 79A13 3,902,633 Market value at l January 2022 Gains l {Loss¢81 in th¢ year in SOFA Additions & diSp]S 1,81M),000 1.750.272 {206,412) 100,000 2,353 3,552,625 31 (206,381) 324,700 224,700 Mark¢t value at 31 December 2022 2,024,7( 1,043,860 2 J84 3,670,944 Investments are held primarily to provide an investtnent return for the charity. They are listed on a recogDiScd stock exchange. Holdings in common investment fund4 unil tnjsts and open-ended investment companies are at Ihe bid price. lThe basis of fair value for quoted investment5 is equivalertt to the markei value, using the bid pricc. Assei sales and purchases are reCOlSed ai the date of trade at cost {that is their transaction value). Details of investsnents comprising more riml of the market value of the toral investment portfolio are as follows: 2023 2022 C CLA - Church of L.ngland Invesknent Fund Income Shares CCl,A- Church of England DeslI Fund CCLA- Generdl Sectttary Fund 1.506,685 80.20/. 79.413 291,835 15.5 % 1,377.120 83.6 /v 2,384 0.20/• 266.740 16.2Q/y All the fLxed asset investments are held in the UK.
ST JOHN'S GUtLD Reglstered Charlty Lyo. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Condnu¢d) For the year ended 31 December 2011 Inv¢8lment troperties comprise units at St Raphael's Court St Albans. Valuation at as 31 December 2022 & 2023 Flat 3 £240.(M)O Flat 4 £240,IX)o Flat 5 £230,IKIO Flat 7 £420,IX)o Flat 8 £440,(KIo Flat 10 £230,(K Flat 11 £224,700 Tothl £1024.7(X) The vdluation at as 31 December 2020 was £1,125,170. During 2021 tbe Ttustees obtained a professional valuation of tbis pr(werty by McNeill Lowe and Pa]mer, a fmn of Chartetrd Swveyot3. The properties were revalued at market value OD 6 July 2021 at £1,8(M),000 an increase ID value of £584,830. The revaluation in¢rease of £584.830 was allocat as follows.. St Rjphael's Endowm¢nt Fund £50,0(K) Urtrestrtc*d General Fund £534.830 13. DEBTOKS 2023 2022 Trade debtors 3,346 4,681 3J46 4,681 14. CREDITORS: Amoun13 falling due Ivithin one year 2023 2022 Ac¢nS and deferred inconLe Other 3.790 3,250 700 3,790 3,950 19-
ST JOHN'S GUILD Registered Charity No. 1109399 L%OTES TO THE FINANCIAL s'fA'fEMENTS (Conthiued) For the year ended 31 December 2023 AS. ANALYSIS 0FT $SETs BETWEEN FUNDS Endowment Fundy UnrtBtrl¢itd Fund$ Total Tangible faSset$ Fixal 3&set iTrvestrnenls Inveslment pJvrLTtie CuTr¢nl awts Cr110T$.. amounts tallit)¥due withm year 230.IWJO 77l.Y31 240.INK 612 1.106.W3 1,784.7 59.791 (3,7411 231).612 1377,934 ?.024.7 59,791 (3.7901 1341,931 2.947J16 4.189.Z47 16. FUNDS RECONCILIATJON Balintt a¢ I Januxry 2023 Ineomlng ReBources OlllgoIng TrAnsf¢rs Resources Bilance it 31 & Property gal1(10$$¢P) 23 Unrestrl¢ttd funds De$ignared fW- G¢nerdl sr¢iry fund GeneMI fund 175,0(YJ 175,IKM 1584.543 150,128 154,6(I 2.772,316 1759543 150.128 (I17.OlS) 154.060 2,947Jlfj Endowment funds St Raphael'b Ann¢ Lloyd Memorial Ttusi ],2,68( 41,250 I,2,681 41,250 1341.931 1341,931 4.001.474 150.128 {1 17.0151 iY.660 4,189,247 The GtLKYiI Futtd-tcprEsa]ts thcunTe5triao4 futK& which thE ÉrustCLS arc fttcto in ac£otth¢e with the tharithblcobj(¥tivcs. ljesigDNted Fnd-Gettl S#Mary fUJ-[heTS*e8haVeSetgldeIn202l £175,(KX) fromih¢G¢n¢rnl Ftts slipEy)rtd futMI theappoujttnejx of a General Secrelary. Ettdowed Futtsls-comprises variws etKiow¢d [KOperti and the i])11 pro¢¢edsof the sttiL of txrt of land VeSj in the tyhariiy on ¢$tablishmLTI, wjjustrd for by aw vhanges in Ih¢ prop(¥ty valuatson. -zo-
ST JOHN'S CUILD Registered Ch4rlty No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Contlnued) For the year ended 31 December 2023 17. RELATED PARTY TRANSA loNs Father Dam Smith is the (]¢nernl Sretary of Additional Curate5 Society and a Tntee of St John's Guild. Payments totalling £l1,19) (2022- £11,900) We made to the Additional Curates Society for admitListratiOT] costs and renL There was no bolanc¢ du¢ to or from Additional Curates Society at 311)ecember 2023 (2022- £nil) -21-