ST JOHN'S GUILD (A company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2024 Registered Charity Number: 1109399 Company Registration Number: 05392217 ST JOHN'S GUILD Registered Charity No. 111)9399 CONTENTS Page Legal and administrative infonnation Trustees, Annual Repon Ststement of Trustees, responsibilities Independent Examiner's report Statement of Financial Activities Statement of Financial Activities for 2023 Balance Sheet Notes to the Financlal Sthiements 10-21 ST JOHN'SGUILD Registered Charity No. 1109399 LEGAL AND ADMINISTRATIVE INFORMATION Trustees: The Reverend Father Brian Regan SSC- Chaim]an (Appoinled 13 tkcember 2024) Mr John Grosvenor -Treasurer Mrs Rosalind Mccarthy (apw>inted 3 October ?024) Nigel Draper-cook (appoinled 3 Ociober 2024) Mrs Barbara Cork Miss Anne Abel. BEM (resigned 20 March 2025) Father Darren Smith {fornier Chairnian - resigned 13 DeCem1￿r 2024) Company Registered number: 05392217 Charity Registered Number: 1109399 Registered Office: Friars House Manor House Drive Coventry CVI 2TE Company Secretary: Nathsha G￿t￿nS Bankers: Lloyds Bank PIC The Quadrdnt St Albans Hertfordshire AL4 9RQ Independent Examiner: Nicholas Simkins FCA Butts Farm Greai Haywood Staffordshire ST18 OTF Investment Managers: CCLA One Angel Lane tA)ndon EC4R 3AB ST JOHN'S GUILD Registered Charity No. 1109399 TRUSTEES, ANNUAL REPORT For the year ended 31 December 2024 The trustees present their annual report and financial statements of ihe charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with (he accounting policies set out in note 2 to the accounts and comply with ihe charity's trust deed. th¢ Charities Aci ?01 i. Ihe Companies Act ?006, The Memorandum and Articles of Association and Accounting and Reporting by Charilies: Siatement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effeclive January 2019). 0￿EcriVEs AND ACTIVITIES The objectives of the Guild are to relieve the needs of persons with visual impairnient and hearing impairnient in particular: Members of the Church of England ivith visual impaimient Members of other Christian denominations with visual impairnienl Persons with both visual and hearing impairment Persons with hearing impairnienl and other physical disability iv) by offering spirifual, physical and sensory &ssistsnce to people who are blind, deaflblind. visually impaired. and to those wilh other disabilities. PU.BLIC BENEFIT The Trustees confirm ihat ihey have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the chariiy s aims and objectives and in planning future activities. St John's Guild meets all the costs of producing quarterly Bible Reading Fellowship notes in Braille which serves people nationwide and internationally with readers in New Zealand. Malaysia and Africa amongst others. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The Guild is constituted as a company limiled by guarantee which was incorporatcd in England on 14 March 2005 (Company no 05392217 and Charity no 1109399). Its activities are governed by its Memorandum and Articles of Association which have not been amended since 14 March 2005. Method of appoiDtmeDt or election of Trustees The constitution provides for a Trustee body of noi less ihan four members. with no maximum. Trustees seek to fill vacancies from the charity's existing supporter ba￿ considering the skills. experience and personal qualities needed to maintain the balance of the Trustee body. Appoiniments may only be made ai the recommendation of the Truslees. We review and implemeni an induciion process for new Truslees. ST JOHN'S GUILD Registered Charity No. 1109399 TRUSTEES, ANNUAL REPORT (Continued) For the year ended 31 December 2024 Organisational structure and decision making The St. John's Guild Board of Trustees consists of a Chairnian and ai leasi 3 others, wh(Fare elected at the AGM with the Company Secrewy being in attendance. Decisions about the Charit), are discussed at regular meetings of the T￿￿tee5 (Board of Directors). Zoom is available for any who are unable to aitend inJ)erson. Branch Secrelaries- responsible for all Guild Members of their individual branches. St John's Guild is a Church of England based organisation. KEY MANAGEMENT All Guild affairs are administered from the office in Birniingham. to develop and promote publications in accessible formats if requested for churches nationwide to enhance people s participation in church worship. RISK FACTORS Th¢ Trustees have a risk register to identify the key risks facing the Guild and the actions required to mitigate these risks. The register is reviewed by the Trustees io ensure thai li is current and relevanL ACHIEVEMENTS AND PERFORMANCE Review of activities We seek to offer spiritual, physical and sensory assistance to people who are blind. deaflblind, visually impaired- and io ihose with other disabilities. The Guild offers grants 10 SUPPOrt blind / visually impaired and iheir companions to make pilgrimages or retreats. Since 2023 St John's Guild has been offering gfdnts for parishes enabling them io make worship more accessible for those with special needs with emphasis upon those who are blind or visually impaired. Ongoing refurbishments of Si John's Guild properties in St Raphael's Coun are un de rtaken &s necessary to ensure maintaining a commercial sthndard for letting by a local property agency. ST JOHN'S GUILD Registered Charity No. 1109399 TRUSTEES, ANIYUAL REPORT (Continued) For the year ended 31 December 2024 Investment policy and performance In accordance with the governing document. Ihe Truslees have the power to make such investments as they think proper and to place funds on deposit with any Bank. The Trustees have compleled a review of iheir inveslment management polic>, and are satisfied that it still complies with the ethical policies of the Guild. The inveslments are managed by CCLA fund managers in London. During the year the truslees have continued reviewing and implemenling their business plan. FINANCIAL REVIEW Results for the year The net incoming resources for the year amounted to £43.547 (?0?3 £33.113. bul after net realised and unrealised gains on investments of £41,165 (?023 - £154.660 gain) the final nel movement in funds for the year resulted in a surplus of £84,712 (2023 £187.773 surplus). Reserves It is the policy of the trustees to build up adequaie reserves lo meel its running costs for twelve months. The level of reserves is monitored and reviewed at least annually by ihe Trustees. Unrestricted reserves are continuously monitored and reviewed. Unrestricted funds at the year end ivere £3,Oi2.028 (2023 £2,747,316), endowments funds at the year end were £1.241,931(2023 £1.124.931). Total funds of the Guild at the year end were £4,273.959 (2023 £4,189,247) Going concern With the current level of unrestricled reserves. the trustees have a reasonable expectalion that the charity has resources to continue in operational existence for ihe foreseeable luture; therefore, the going concern basis has been adopied in preparing these financial statements. This report was approved by the Trustees on 17 July 2025 and signed on its behalf by The Reverend Trustee er Brian Regan SSC ST JOHN'S GUILD Registered Charity No. 1109399 STATEMENT OF TRUSTEES, RESPONSIBILITIES For the year ended 31 December 2024 The truslees (who are also directors for purposes of companj law) are responsible for preparing the Trustees, Annual Report and financial staiements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires th¢ Irusiees to prepare financial sthieinents for each fIn<￿CIal year which give a true and fair view of the state of affairs of the charilable company and of the inLoming resources and application of resources, including the inconie and expendi(ure, of the charithbl&company for thai period. In preparing these financial stsiemenls, the trusiees are required to: select suitable accounting policies and then apply (hem consistently. observe the meihods and principles in the applicable Charities SORP. make jud¥ements and estimates thai are reasonable and prudeni. prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responslble for keeping proper and adequaie accouniing records that disclose with re&sonable accuracy at any time the financial position of ihe charitable company and enable them io ensure thal the financial staternents comply with the Companies Act ?006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and oiher irregularilies. The trustees are resw>nsibl¢ for the maintenance and integrity of the charity and linancial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and disseinination of financial statements. Approved by the Trustees on 17 Jul), 202) and signed on its behalf by The Rev Trust ther Brian Regan SSC ST JOHN'S GUILD Registered Charity No. 1109399 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST JOHN'S GUILD For the year ended 31 December 2024 I report to the charity's Trustees on my examinalion of the accounts of ihe company for th¢ year ended 31. December 2024. Responsibilities and basis for report As Trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companics Act 2006 ('the 2006 Act,). Having satisfied myself that (he accounts of tlje Company are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of your charity's accounts &s carried out under section 145 of the Charities Act 2011 {'the 201 l Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 201 l Act. Independent examiner's statement I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England & Wales. I have compleied my examination. I confirni that no matters have come to my attention in connection with the examinaiion giving me cause to believe: l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounis do not accord with those records- or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thai the accounts givc a 'true and fair view which is not a maller considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with lh¢ methods and principles of the Statement of Recommended Practice for accounting and retM)ning by charities applicable to charitRes preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas Simkins FCA (ICAEW) Butts Farm Great Haywood Staffordshire ST18 OTF 17 July 2025 ST JOHN'S GUILD Registered Charity No. 111)9399 STATEMENT OF FINANCIAL A￿1VrrIEs (Incorporating Income and Expenditure Account) For the year ended 31 December 2024 Endowment Funds Unrestricted Funds Total Funds 2024 Total Funds 2023 Iyote INCOME AND ENDOWMENTS FROM: Donations and legacies Income from investments Charithble activities 25 151.048 2,348 25 151,048 2,348 4,622 142.815 2,691 Total iDcoming resources 153,421 153,421 150,128 EXPENDITURE ON: Charitable activities Raising funds Other 80.294 24.952 4,628 80.294 24,952 4,628 89,884 22.740 4,391 Total resources eIpeDded 109,874 109.874 117,015 Net incomel(expenditure) before gains and losses on investments 43.S47 43,547 33.113 Net gainsl(losses) from investments 12 41.165 41.165 154,660 NET (EXPENDITURE) I INCOME 84,712 84,712 187,773 Reconciliation of funds Tothl funds brought forward .241.931 2.947.316 4,189,247 4,001,474 Total funds carried forward 16 1,241,931 3,032,028 4,273.959 4,189,247 The notes on pages l 0 ￿ 21 fomi part of these financial ststements. ST JOHN'S GUILD Registered Charity No. 1109399 STATEMENT OF FINANCIAL AcfiviTIES (IncorporaliDg Income and ExpeDditure Account) For the year ended 31 December 2023 {for comparative purposes) Endowment Funds Unrestricted Funds Total Funds 2023 Total Funds 2022 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Income from investments Charitable aciivities 4.622 142.815 2.691 4,622 142,815 2,691 16 133,053 576 Total incoming resourees 150,128 150.128 133,645 EXPENDrruRE ON: Charitable activities Raising 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 incomel(expenditure) before gains and losses on investments 33,113 33.113 60,189 Net gainsl(losses) from investments 12 154,660 154,660 (206,381) NET (EXPENDITURE) I INCOME 187,773 187,773 (146,192) Reconciliation of funds Total funds broughi forward ,241.931 2,759.543 4,001,474 4,147,666 Total funds carried fonvard 16 1241.931 2,947J16 4,189,247 4,001,474 The notes on pages 10 to 21 fonn part of these financial statements. ST JOHN'S GUILD Registered Charity No. I IU9399 BALANCE SHEET For the year ended 31 December 2024 2024 2023 Note FIXED ASSETS Tangible assets Investments 10 231,114 3,948.013 230.612 3,902,634 4,179.127 4,133,246 CURRENT ASSETS Debtors Cash at bank and in hand 12 4.808 97.034 3,346 56,445 101.842 59,791 CREDITORS: Amounts falling due wiihin one year (7.010) (3,790) Net current Assets 94,832 56,001 Net Assets 4.273,959 4,189,247 FUNDS Endowment Funds Unrestricted Funds: 14115 14115 1741,931 3.032.028 1,241.931 2,947,316 4,273,959 4,189,247 These financial statements have been prepared in accordance with the special pi-ovisions for small companies under Part 15 of the Companies Act 2006. For the financial year ended 31 st December ?0?4 the company was entitled to exemption under section 477 of the Companies Acl 2006 relating to small companies. No members have required the conipany to obtain an audit of its accounts for the year ended 31" December 2024 in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their reswnsibility for complying with the requirements of the Act with respect lo accounting records and for ihe preparation of accounts The financial sialements were approved by the Trustees on The Reverend Father Brian Regan SSC- Trustee...... The notes on pages l O to 21 fonn part of these financi Is. STJOHN'S GUILD Registered Charity 1109399 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 CHARITY INFORMATION AND COMPANY STATUS St John's Guild is an incorporated charity registered in England and Wales No. 1109399. The Registered Office is 16 Commercial StrceL Birniingham, B I l RS. It is a company limited by guaranle¢. The meMlE￿ are the Trustees named on page l. In the event of the company being wound up. the liability of the guarantee is limiied to £1 O per member of the company. ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial staiements are as follows: Basis of preparation on a going concern basis The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS I O?) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Aci 2006. The financial stalements are prepared on a going concem basis. Assets and liabilities are initially recognised at hislorical cost or transaction value unles5 Otherwise staled in ihe relevant accounting policy note(s). The functional and presenlational currency is GBP and the accounts are rounded to the nearesi £1. The Guild mects the definition of a public benefil entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Irdnsaction value unless otherwise stated in the relevant accounting policy noles. b) Fund accounting General funds are unresiricted funds which are available for use at the discretion of the Truslees in furtherance of the genernl objectives of the company and which have not been designated for other purposes. Designated fijnds comprise unrestric*d funds thai have been set aside by the Trustees for particular purposes. The aim and ￿Se of each designated fund is sei out in the notes to the financial slatements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged againsi the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Endowment funds comprise the proceeds of sale of part of the land vested in the charity on esthblishment and various endowed properties. adjusied for by any changes in (he property valuation. 10- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMEiYrs For the year ended 31 December 2024 Income re¢ognitioD All incoming resources are included An the Slafrment of Financial Activities when the charity has legal entitlement to the income. the amount can be measured with sufficient reliability. and it is probable that the income will be received. For legacies, entitlement is the earliest of the company being notified of an impending distribution or the legacy being received. Donated facilities and donafrd professional ￿rViceS are recognised in income at their fair value when their economic benefit is probable, il can be measured reliably and the charity h&s conlrol over the item. Fair value is deterniined on the basis of the value of the gift to the charity. For example. Ihe amount the charity would be willing to pay in the open markei for such facililies and services. A corresponding amount is recognised in expenditure. Investment income is earned through holding assets for investmeni purw)ses such as shares and property. It includes dividends. interest and rent. Inierest income is recognised using the effective interest method and dividend and reni income is recognised as the charity's right to receive payment is established. d) Eipenditure recognition All expenditur¢ is accounted for on an acc￿￿lS basis and h&$ been included under expense categories that aggregate all costs for allocation to activities. Expenditure is recognised where there is a legal or constructive obligalion to make payments io third parties. it is probable (hat the settlement will be required and the amounl of the obligation can be measured reliably. Where cosls cannot be directly attributed to particular activities. they have been allocated on a basis consistent with the use of the resources. Tangible fixed assets and depreciation Tangible fixed &ssets are slated at cost less depreciation. Depreciation is provided at rates calculated to write off th¢ cost of fixed &ssets, less their estimated residual value. over their expected useful lives on the following bases: Fixtures & Fittings IT equipment IO% reducing balance 250/0 Cost No depreciation h&8 been charged for the year on the freehold and le&8ehold buildings &$ the Trustees consider thai the economic life of the property and lis residual value. excluding inflation. is such that the annual depreciation charge and accumulated deprecialion are noi significant. The residual value of the property 15 regularly reviewed and an impairnient review carried out annually in order to identify any pernianent diminution in value which ivould be charged (o the profit and loss accounl. It is the Charity's praclice to mainthin Ihe assets in a conlinual slate ol sound repair for which Al h&s a planned maintenance programme. The property portfolio was revalued in 20?1. ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMEiYrs For the year ended Jl December 2024 Investment properties Investment propertics for which fair valu¢ can be measured reliably without undue cost or effort are measured ai fair value al each reporting date with changes in fair value recognised in "net gain￿ (losses) on investments" in the SOFA. The properties were revalued in 2021. g) Fixed 4sset investments Investments are a forni of b&sic financial instrumeni and are inilially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The staiement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire optlons. derivatives or other complex financial instruments. The main forni of financial risk faced by the charity is thai of volatiliiy in equiry markets and investment markets due to wider economic condiiions, the attitude of inveslors 10 investment risL and changes in sentiment concerning equities and within particular sectors or sub se¢lors. The investments are all UK listed investments managed by a finn of invesimeni brokers on behaifof ihe charity. All gains and loS￿S taken to (he Staiemenl of Fsnancial Activities as they arise. Realised gains and losses on investments are calculated &8 the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to ihe firsi day of ihe financial year. Unrealised gains and losses are calculated &s the difference between ihe fair value ai (he year end and their carrying value. Reaiised and unrealised investment gains and losses are combined in the Statement of Financial Activities. h) Debtors and treditors receivable I payable within one year Debtors and creditors with no sthted interest rate and receivable or payable within one year are recorded at Iransaction price. Any losses arising from impaimcni are recognised in expenditure. Tax The charity is an exempi charity. within Ihe meaning of schedule 3 of the Charities Act 201 l and is considered to pass the lests set out in Pardgrdph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporalion lax purposes. i) Irrecoverable VAT The charity is not registered for VA T. Irrecoverable VA T is included within the relevant expense on which il is charged. 12- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2024 k) Financial instrnn)eDts The Charity only has financial &wts and financial liabilities of a kind thai qualify as basic financial instruments. Basic financial instnments are initially recognised at transaction value and subsequently measured at their settlement. Financial assets that are measur¢d at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objeciive evidence of impairnent is found, an impairment loss is recognised in the SLqtement of Financial Activities. Financial assets that are measured at fair value are valued b&sed on valuations obtained at the year-end. i) Judgments ID applying Vdccounting policies and key sources of estimation uncertainty In preparing the Financial SLqtements. the Tr￿SteeS are required to make estimates and assumptions which affect reported income. expenses, assets, liabilities and disclosure of contingenl assets and liabilities. Use of available infornlaiion and application of judgemenl are inherenl in the fonnalion of estimates, ￿gether with expeclations of future events thai are believed to be re&wnable under the circumstsnces. Actual results in the fu(ure could differ from such estimates. There are no key assumplions or other sources of estimation that have a significant risk of causing a material adjuslm¢ni to ihe carrying values of assets and liabilities wiihin the next ftnancial year. 13- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2024 DONATIONS AND LEGACIES 2024 2023 Donaiions from memlxrs Legacies 25 72 4,550 4,622 25 INVESTMENT INCOME 2024 2023 Investmenl income 54.140 51,211 Renial income 96,908 91,604 151,048 142,815 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Member subscriptions Other income 72 2.276 340 2.351 2J48 2,691 EXPENDITURE ON RAISING FUNDS 2024 2023 Inveslment property expenses 24,952 22,740 24,952 22,740 ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STA TEMENTS (Continued) For the year eDded 31 December 2024 ANALYSIS OF CHARITABLE AcfiviTIES 2024 2023 Parish grants (note 7) Office renl Walsingham Insurance 32,400 10,840 3,182 698 43.370 10.840 3,363 655 F li Repairs and renewals Oftice costs Printing, posthge and stationery Braille costs Wages and salaries (note 10) Depreciation Bank charges Sundry 1,663 2.182 743 3.255 1.835 16 4.200 22.105 153 92 23,210 331 104 741 80,294 89,884 ANALYSIS OF GRANTS PAID The grants are in furtherdnce of the main objects as sel out in the Trustees, Annual Report. The trusiees. policy for making grants is to consider applications and prioritise ihose grants seen &$ pursuing the objectives most efficiently. 2024 2023 New sound and video sys*ms Priniing for Walsingham pllgrimage i2,400 41,902 1,468 32,400 43J70 15- ST JOHN'S GUILD Registered Charity No. IIIV)399 NOTES TO THE FINANCIAL STATEMEiYfs (Continued) For the year ended 31 December 2024 OTHER EXPENSES 2024 2023 Independent examination Bookkeeping fees Trustees expenses 3.510 352 766 3,410 443 538 4,628 4J91 TRUSTEES. EXPENSESAND REMUNERATION During the year £366 (2023 £538) w&$ reimbursed in oul-of pocket expenses one trustee (2023- two) This consisted of reimbursements of travel expenses lo meeiings and events. There were no outstanding balances due lo or from Trusiees ai the year-end (2023 - nil). No irusiees received any remuneration or benefits in kind in the year {2023- Nil). io. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs 22,534 21.461 676 644 23,210 22,105 No employee eamed £60.000 pa or more. The average number of employees during th¢ year w&%: 2024 2023 Administration 16- ST JOHN'S GUILD Registered Charity Nik 1109399 NOTES TO THE FINANCIAL STATEMENfs (Continued) For the year ended 31 December 2024 11. TANGIBLE FIXED ASSETS Long term leasehold property Fixtures &, Fittings Total COST l January 2024 Revaluation / additions 230,000 4,738 833 234,738 833 31 December 2024 230,000 5,571 235,571 ACCUMULATED DEPRECIATION l January 2024 Charge for the year 4.126 331 4,126 331 31 December 2024 4,457 4,457 NET BOOK VALUE 31 December 2024 230,OIJO 1.114 231,114 31 DeceM￿r 2023 230,000 612 230,612 The leasehold property comprises Flat 6 Si Raphael's Court St Albans. which is used by the charity for operational Valuation at &% 31 December 2020 was £80,000. During 2021 the Trustees obtained a professional valuation of this property by McNeill Lo￿¢ and Palmer. a finn of Chartered Surveyors. The property w&$ revalued ￿ market value on 6 July 2021 at £230,000 an inCr&￿e in value of £150, (MK). The revaluation increase of £150.000 was allocated io the St Raphael's Endowment Fund. 17- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMEiYfs (Continued) For the year ended 31 December 2024 12. FIXED ASSET INVESTMENTS Investment properties Listed Investments Cash held by investment brokers Total Market value ai l January 2024 Gains l (Losses) in ihe year in SOFA Additions & disposals Income rerained 2,024,7￿) 1.798,520 41.165 79.413 3.902,633 41.165 4,215 4.215 Market value at 31 December 2024 2,024,700 1,839,685 83,628 3.948,013 Market value at l January 2023 Gains / (Losses) in the year in SOFA Additions & disposals Income ￿taIned 2.024,7(Kl 1,643,860 154.660 2.384 3.670,944 154,660 75.000 2.029 75.000 ?.029 Markel value at 31 December 2023 2,024.700 1,798,520 79,413 3,902,633 Investments are held primarily to provide an investment return for the charity. They are lisied on a recognised st(Kk exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The b&sis of fair value for quo(ed investments is equivalent lo the market value, using the bid price. Assel sales and purch&%es are recognised ai the date of trdde at cost (thal is their ifdnsaction value). Details of investments comprising more ihan 5 % of Ihe mark¢1 value of ihe ￿tal investment portfolio are as follows.. 202J 2023 CCLA - Church of England Investment Fund Income Shares CCLA - Church of England Deposit Fund CCLA - General Secretary Fund 1,541,170 80.10/0 83.628 4.3% 298.515 15.50/0 1,506,685 80.20/0 79,413 4.2% 291,835 15.50/ All the fixed asset investments are held in the UK. 18- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STA TEMENTS (Continued) For the year ended 31 December 2024 Investment properties comprise units at St Raphael"s Court Si Albans. Valuation at &s 31 December 2024 & 2023 Flat 3 £240.000 Flat 4 £?40.000 Flat 5 £230.000 Flai 7 £420.000 Flal 8 £440,000 Flat 10 £230.000 Flat 11 £224,700 Total £2,024,700 The valuation at as 31 December 2020 was £1.125.170. During 2021 the Trustees obLiined a professional valuation of this property by McNeill Lowe and Palmer, a firm of Chanered Surveyors. The properties were revalued at market value on 6 July ?0? l at £1.800.000 an increase in value of £584.830. The revaluation incre&se of £584.830 was allocated follows: St Raphael's Endowmeni Fund £50.000 Unrestricted General Fund £534.830 13. DEBTORS 2024 2023 Trade debtors 4.808 3,346 4J08 3J46 14. CREDrroRS: Amounts falling due within one year 2024 2023 Accruals and deferred income Parish grants 3.510 3.500 3,790 7,010 3,790 19- ST JOHN'S GUILD Registered Charity No. 1109399 NOTES TO THE FINANCIAL STATEMENTS {Continued) For the year ended 31 December 2024 AN.4LYSIS OF NET ASSETS BEIM"EEN Fi)'DS Ettdowrnenl Funds [Inrestricttd Funds Total Tangiblc fixed asseLS Fi.Yed asset invts1nKnts Ini¢slmcnt pro￿nieS Current assets Crcdilors: atjiounts falling w'ithin otK y¢ar 230.(MK) 771.931 240.IKKJ 231.114 1.923.i13 2.024.700 101.842 17,010) -151.382 1.784.700 101.842 17.0101 1241.931 3,032.028 4J73.9fj9 16. FIINDS RECONCILIATION Balance at J*nuari 2024 Incoming Rtsourets Outgoing TTallSfers Re5011rceJ Invtstments & Propem. g#in51llo$$esl Balance at 31 December 2U24 Ilnrestricl¢d funds Dcsignat¢d lund- General Secrethry fund Cycncral fund 175.(MM) 175.(XK> 2.772.316 153.421 1109.874 41.165 2.857.028 2,947J16 15J.421 11(19J74) 41,165 3,032,028 Endowmtnt funds Si Raphacl-5 Anne Llo)'d Memorial Trusi I.2￿.681 41.250 1.200.681 41.250 1241,931 1241.931 4,189247 153.421 {1119W74) 4373,959 The Gtnergl Fund- rcprc5cnts tIK utW¢Stri¢*d fijnds wl)ich the fftL￿5 are frec ￿ usc in ￿(Ord￿j￿¢ with ¢haritsble objeaives. De51giiiittd Fund- Sccrdary fuTKI-d* TnL*es have sei &sith in 2021 £175.(KKI from Fu￿1 ￿ Sllp￿rt and fund ￿ apwinrment ol"a G¢[￿ra1 Secr