2023-12-31-accounts

Charity number. 1131882 ST JOHN'S WOOD CHURCH UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RPGCC Chartered Accountants & Stalulory Auditor 40 Gracechurch Street London EC3V 08T

STJOHN'S WOOD CHURCH CONTENTS Page Reference and administrative details of the charity, its Trustees and advisers Trustees, report Trustees, responsibilities statement Independent examinels report Statement of financial activities Balance sheet 9-10 11 12 Notes to the financial statements 13-30

ST JOHN'S WOOD CHURCH REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Rev Kri5tina Andreasson, Clergy licensed lo parfsh lan Anthonisz. Elected Member (resigned 21 May 2023) Ben Attwood. Elected Member (appointed 21 May 20231 Rev Dr Anders Bergquist. Incumbent & Chairman Judy Booth, Churchwarden & Elected Member Des Braithwaite, Elected Member Gary Eaborn, Clergy li￿nsed to parish Tomas Freyman, Churchwarden (resigned 21 May 20231 Ashok Gosh, Elected representative on the Deanery Synod (appointed 21 May 20231 & Secretary Nicole Jacob, Elected representative on the Deanery Synod (resigned 21 May 20231 Stephen Jones, Elected Member & Treasur8r Tamsin Lewis, Elected representative on the Deanery Synod (resigned 21 May 20231 Stewart Mccure, Elected representative on the Deanery Synod (appointed 21 May 20231 David Millar, Churchwarden Paul Mullins, Elected Member Sarah Ong, Elected Member (appointed 21 May 20231 Shelley Quaile. Elected representative on the Deanery Synod (resigned 21 May 20231 Beatrice Reynier, Elected Member Vivien Turner. Elected Member Graham Young, Elected Member Charity registered number 1131882 Principal offi The Church Offi St John's Wood Church Lord's Roundabout Sl John's Wood London NW8 7NE Accountants RPG Crouch Chapman LLP Chartered Accountants 40 Gracechurch Street London EC3V OBT 8anker5 Barclays Bank UK PLC 40 Wellington Road London NW8 9TJ

ST JOHN'S WOOD CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Parochial Church Council. being for this purpose the Trustees of the Ecclesiastical Parish of Sl John's Wood, present their annual report together with the financial statements for the year 1 January 2023 to 31 De￿mber 2023. Introductlon The parish church of the ecclesiastical parish of St John'5 Wood (universally known as "St John's Wood Church l is a parish church of the Church of England as by Law Established. Like all other parish churches of the Church of England, it has no separate Trust I)eed or founding Charter, but is part of the constitutional fabric of the realm. The Church of England first came into being as a legal entity through successive Acts of Padiament in the time of King Henry Vlll. It was abolished under the Commonwealth, and re-e5tsblished by The Act of Unrformity116621. The church's life is governed by three sorts of laws: Acts of Padiament, ecclesiastical Canons Ipromulged by Convocation), and Measures Ipassed by General Synixl, though they also pass through Parliament before acquiring the force of law}. The boundaries of individual parishes are determined by the Sovereign in Council the Ecclesiastical Parish of Sl John's Wood was brought into being by Orders in Council in 1952. Objects and activlti•s a. Objectives The constitutional position of an Anglican parish church means that its objectives are, in a sense, not under its own control, but set by statute. But the Parish would identify its objectives in nomial times as being.. to make pastoral care and the services of the church (including weddings. funerals, and baptisms) available to everyone in St John's Wood who wishes lo have them and is not disqualified from receiving them.. to welcome and encourage as many people as possible lo worship in their parish church,. to build up and encourage churchgoers in their Christian discipleship and in their knowledge of the Christian fatth., lo make the love of Jesus Christ known to the people of this part of London through acts of compassionate servi¢e,' lo maintain the church and the adjacent chkArch hall complex to a high standard, both as a place of worship and as a resource for the local community.. lo engage in constructive dialogue with other churches and local faith communities; to support other local community institutlDns in a shared attempt lo build vibrant and resilient community in Sl John's Wood., and to reduce the impact on the environmerkl of the activities that take place in the premises for which it is responsible. while also encouraging members of the congregation to 8dopt environmentally thoughtful lifestyles. b. Activities for achieving objectives In an ordinary year, these may be stated as follows. Worship of high quality is offered in the church. There are programmes of Bible and other Christian study throughout the year. Baptisms, weddings and funerals take place regularly in the church, and the clergy take funerals on behalf of Ihe church in local crematoria. A special effort is made to welcome those who are not regular churchgoers {like all parish churches of the Church of England, the church is under a legal obligation to provide for baptisms and weddings for those resident in the parish or otherwise legally qualified to ask for them. and il is the PCC'S policy to embrace this as a positive opportunity for pastoral seNice to the community). Pasloral visits a￿ rnade lo the housebound, the sick. and the dying. Close contacts are maintained and developed with other local faith communities, including especially the London Central Mosque and three local synagogues. An environmental plan to mitigate the church's carbon footprint is reviewed regularly.

STJOHN'S WOOD CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 G. M8in 8Gtivities undertaken to further the Chanty's puposes for public b8ngfrt All the church's activities are understood to be for public benefit. This is Implicit in the Establishment of the Church of England, where a parish church is in itself a public. and not a private, body. The church is in princip18 open lo all, and does not limit its interest to those who are active churchgoers. The church building is left open throughout the day on almost every day of the year, so that members of the wider community and the general public may enter for purposes of prayer or tourism, and it is known that many local residents use the church in this way as a space for quiet and rellectson. The church also makes its premises available to a wide range of community organisations for their events at reduced {sometimes nol cost, and it makes regular grants to local communily organisations. Through its inter-faith commitments, the church makes an important contribution towards sustaining a mutually respectful and tolerant community in St John's Wood. Achievements and perforniance There were 145 parishioners on the Church Electoral Roll1144 in 20221. . Worship, prayer and study Worship of a high standard was offered throughout the year. with bolh in-church and Zoom services held in a regular pattern. A full set of seNices was held in Holy Week and Easter, and there were additional services held during Advent and Christmas. Services were especially well attended in Advent and Christmas. A small but skilful band of flower arrangers ensured that the church was beautifully decorated both for regular Sundays and for festivals. The Vicar delivered an in-person course on the prophets of the Hebrew Bible. and the Assistant Curate delivered an in-person course on prayer and theology. The Associate Vicar and Assistsnt Curate began preparing a mixed group of adulls and young people for confirmation at Easter 2024. b. Maintenance of the fabric, good and omaments The fabric of the church continued to be kept in good order, and the ott)er properties for which the PCC is responsibl8 were well mainlained. . Service to the communlty The church hall has continued to be used regularly by groups such as Mother Nature, Happy Campers. and St John's Wood Holiday Club. St John's Wood Film Club ran two programmes of screenings. one in the summer and one in the autumn., these screenings are open lo all, but thanks to a partnership with the local Neighbourcare charity the Club has a particular reach among elderty and vulnerable residents of St John's Wood. A community screening, in the church hall, of His Majesty's Coronation was well attended. An informal and highly enjoyable boules group, open to all in the community. took place in the old churchyard during the weeks of summer. It continues to be the policy of the PCC to make the premises available to community organisations. or good causes, al reduced charges or free of charge. Among the beneficiaries of this policy during the year were the St John's Wood Society and a number of groups of young musicians. The Vicar continued lo serve as Governor of Amold House School. and as a Trustee of the Marylebone Almshouses. Special collections during the year (e.g. at Christmas) raised £2,016 for outside charities, and the church raised £1,450 for the work of Christian Aid.

ST JOHN'S WOOD CHURCH TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 d. Inter-Anglican, ecum8nic81 and inter-faith work There continued to be regular Coryoperation with olher local Anglican churches, and the clergy again responded to requests for holiday or emergency cover from neighbouring parishes. As always, the annual "Light up a Life. service for St John's Hospice had a strong ecumenical and interf3ith component. Regular though infrequent meetings of local Jewish, Christian, and Muslim faith leaders (under the name 'Pathways'l took place during the year, and the church's clergy were on various occasions guests at the London Central Mosque and the Liberal Jewish Synagogue. The Vicar continued lo take part in the work of national C. of E. bodles such as the Liturgical Commission and the Porvoo Panel. Various groups from the Church of Sweden were welcomed during the year. including a group from the Swedish church's General Assembly (Kyrkomoteti. e. Safeguarding The PCC undertook an Annual Review of Its Safeguarding Policy. in line with Di0￿san guidelines. Safeguarding and Child Protection appear as an item on the agenda of every PCC meeting. The parish continues to be subscribed lo the new national Safeguarding Dashboard system. and has a plan for the regular DBS-checking and Safeguarding Training of PCC members, as well as those whose volunteering work brings them into contact with children or vulnerable 8dulls. f. Otherpolicies The Fire Risk Assessment was reviewed during the year, and actions arising from that review were undertaken. g. Relations with the ￿der diocesan stnjctures The paTtsh has long been recognized as a 'training parish,, where a newly ordained person spends the first three or four years of their ministry, gaining experience in a supervised setting. This 'lraining of curates, is now much more formalized, as a partnership between training incumbent, training parish, and diocesan training structures. and a significant part of an assistant curate's attention has to be devoted to diocesan requirements. The church was delighted lo receive the Revd Dr Gary Eabom as a new assistant curate at the beginning of July. Three members of the PCC served on the Deanery Synod during the year. The PCC paid ils contribution to the Diocesan Common Fund in full. The John Slater Fund (established in memory of a fonner incumbent to make grants lo those active in ministry in the Diocese of London, to help with sabbatical and other travel plans) made grants to one priest in the diocese. Financial review Key Financial Perfom78nce Indicalors, including investment policy and perfonnance The PCC has five ordinary financial aims in a normal year.. To raise sufficient funds to defray Ihe ordinary activities of the parish church., To be able lo pay al least 10°A of rental income into ils Fabric Reserve Fund each year.. To ensure that its Fabric Reserve Fund is sufficienlly well-slocked to meet the cost of caring for the fabric of the Church arid the Hall complex,. To use any legacies that il receives for the long-lerm good of the parish church and to support the flourishing of the wider community., and to invest such balances as it holds in ethical and responsible ways. Paoe 4

STJOHN'S WOOD CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 From lime to time, the Church also organises special appeals to support particular projecls.1115 not the policy of the PCC to maximise the raising of funds beyond what is needed to meet these objectives.. we do not understand ourselves to be primarily a lund-raising organisation. suc￿Ss in regard to each of these aims is measured as follows.. By the church's Operating Fund breaking even, after having made a year-end transfer of at least 10°A of rental income lo the Fabric Fund., by the Fabric Reserve being able to cope with demands upon it-, by using legacy income in ways appropriate to the objectives of the parish., by maintaining a reasonable (not necessarrly maximum) level of income from investments, and investing in ethically reliable funds via le.g.I the C. of E.'s Central Board of Finance., The money having been spent on the purposes for which il was raised. Income from regular congregational giving fell by 5Q/o in comparison with 2022. New tenants were found for Flat 2, after a long void which reduced inu)me at in the firsl half of the year, and one significant tenant began lo struggle with rental payments towards the end of the year., some of this loss was made up by strong casual lettings income. There was some increase of expenditure, especially as energy bills continued to rise. The congreg81ion was generous in its response lo the end-of-year Gift Day appeal. Even so, the financial stalemenl shows that outgoing resources exceeded incoming resources by £73,12912022-. £63,620). comprising a deficit on unrestricted funds of £80.920 (2022.. £58.729) and a surplus on restricted funds of £7,791 {2022.' deficit of £4.8911. In the light of this, the PCC fem unable lo make any transfer to the Fabric ReseNe at the end of 2023. At the year end, unrestricted reserves amounted lo £556,400 12022.. £637,320) and restricted reserves amounted lo £73,52112022.' £65,730). b. Invgstment policy 11 is the PCC'S policy to invest funds, not immediately required, in inGome-producing funds which allow capital value to be proteded. c. Reserves Policy It is PCC policy to try lo maintain a balance on free reserves Inel current assets) which equates to at least six months, unrestricted payments. It is held to smooth out fluclualions in cash flow lo meet emergencies. The balance of the free reserves al the year end was amounl which comfortably exceeds the six months. target. d. Fundraising The PCC raises its funds from rents. voluntary congregational giving, investments, and parochial fees (the level of which is sel nationally by synodical Measurel. There were no appeals to the general public during the year, and no extemal fundraisers were employed. e. Legacies In addition to legacy income of £4,100, an unreslricted legacy of £10,957 was received from the estsle of the late Rosemary Prebble. Paae 5

ST JOHN'S WOOD CHURCH TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 f. Going Concem Afler making appropriate enquiries, the PCC has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going cOn￿M basis in preparing the financial slatemenls. Further detsils regarding the adoption of the going concern basis can be found in the Accounting Policies. Structure, governance and management. Constitution The Parochial Church Council IPCCI of St John's Wood Church is a corporate body established by the Church of England, and operates under the Parochial Church Council (Powers) Measure. The PCC acts as the body of Trustees for the Ecclesiastical Parish of St John's Wood. Method of Appointment or Election of Trustees The method of appointment of PCC members is set out in the Church of England's Church Representation Rules. Its membership comprise5 the incumbent and any assistant curatelsl, the churchwardens. and members elected leilher directly to the PCC, or to the Deanery Synod) by those members of the congregation who are on the Electoral Roll of the church. All who attend church regularly are encouraged to register on the Electoral Roll, and to offer themselves as candidates to serve on the PCC. Organisational Structure and Decision-making The Incumbent and PCC have shared responsibility for the pattern of services in the chLArch. The clergy oversee the pastoral and educational life of the parish. The churchwardens are responsible in law for the fabric, goods. and ornaments of the church itself. The PCC has three stsnding committees, from all of whom it receives and discusses reports.. la) The Finance and Buildings Committee meets in advance of each full PCC. It has delegated aulhority lo spend up to £2000 on works. Expenditure greater than £2000 is decided by the full PCC. (bl The Heathcote Committee disburses the income estimated to have been 9enerated each year by a legacy from the late Mis5 M. W. Heathcote. The PCC has decided as a matter of discretion to use Ihis money (which was not given for any specific purpose. and 15 unrestricted in usel lo support projects that benefit the local community.11 meets ￿lce year. The Heathcote Committee is responsible to the PCC for encouraging potential applicants (who complete a fomi). for deciding on grants. and for evaluating the effectiven85s of how they have been used. (c) The Slater Committee disburses the income of the John Slater Fund, which was created for Ihe purpose of making travel grants to clergy active in ministry in the Diocese of London. The Committee meets once a year. Applicalions on a set form are encouraged through bishops. archdeacons, and Area Directors of Training and Development. and travel plans have nomially b8en approved by these bodies before they reach the Committee. Recipients of grants are required to report on how the money has been used. Page 6

STJOHN'S WOOD CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 In addition, the PCC sel up a working group during the year, colloquially known as the 'Marketing Group,. lo generate ideas for making the church's life and work better known in the area. and lo encourage more people to attend church services. The firsl-fruils of its significant work were seen at Advent and Christmas,. further results will be reported on in 2024. The PCC acts as the employer of a part-time Parish Administrator and 8 full-time H811 Manager. and has maintenance responsibilities for the Church Hall complex with its three residential flats, and for two other residential properties. It is also reSp¢￿s1b1e for the letting of church premises, or for their use by outside organisats'ons. The PCC appoints a Children's Advocate. a Safeguarding Officer. and a Fire Safety Officer lo help it to discharge its responsibilities in these areas. When planning activities for the year, the PCC has had regard to the Charity Commission's guidance on public benefit, and in particular the specific guidance on charities for the enhancement of religion. Approved by order of the members of the board of Trustees and signed on their behalf by.. Akn6 Rev Anders Bergquist PCC Chairman Date.. ?1 Ally Page 7

STJOHN'S WOOD CHURCH STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are responslble for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the slate of affairs of the chaTily and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and pnjdenl,. slate whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slatements- prepare the financial statements on the going concorn basis unless il is inappropriate lo presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy 8t any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account5 and Reports) Regulations 2008 and the provisions of the Trust dee(J. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other I￿egUlar1tie$. Approved by order of the members of the board of Truslees and signed on its behalf by.. AAJtfS 6 iqi¥W Rev Anders Bergquist PCC Chairman Date..

ST JOHN'S WOOD CHURCH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examiner's Report to the Trustees of Sl John's Wood Church I the chariv) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023. Responsibilities and Basis of Report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe 2011 Act'l. I report in respect of my examination of the charity's accounts carried out under sectron 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by th8 Charity Commission under section 145151(bl of the 2011 Act. Independent Examinels Statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm th81 1 am qualified to undertake the examination because l am a member of ICAEW. which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the accounts 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 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a tnje and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or afier l January 2015. I have completed my examination. I confirm th81 no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 9

ST JOHN'S WOOD CHURCH INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Thi5 report is made solety to the charity's Trustees, as 8 body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so Ihal I might stale to the charity's Trustees those matters l am required to slate to them in an Independent examinels report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body. for my work or for this report. Signed: Dated.. Jeremy Tyrrell FCA RPG Crouch Chapman LLP Chartered Accounlants 40 Gracechurch Street London EC3V OBT

STJOHN'S WOOD CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total fijnds 2022 Note Income from: Donations and legacies Charitable activities Investments.. Rental income Other investments Other income 15.057 126.336 15.057 131,207 4,871 138.464 211,329 26,056 9.692 211.329 27,832 9,692 211,229 16,116 8.229 1,776 Total Income 388,470 6.647 395,117 374,038 Expenditure on-. Charitable activities 464.881 4,461 469,342 415,200 Total expandlturg 464,881 4,461 469.342 415,200 Net lexpendlturelllncome before net Ilossesllgains on investments Net {lossesllgains on investments 176,411} (4.5091 2,186 5,605 (74,2251 1,096 (41,1621 {22,458) Nol movemgnt In funds 180.9201 7,791 (73.129 163,6201 Reconciliatlon ot funds: Total funds brought forward Net movement in funds 637,320 180,920) 65,730 7.791 703,050 {73,1291 766.670 163,6201 Total funds carrled fonward 556,400 73,521 629,921 703.050 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 13 to 30 fomi part of these financial statements.

STJOHN'S WOOD CHURCH BALANCE SHEEr AS AT31 DECEMBER 2023 2023 Note 2022 Fixed assets Tangible assets Investments 79,147 293,184 79.706 292,088 12 372.331 Current assets 371,794 Debtors Cash al bank and in hand Creditors.. amounts falling due within one year 13 59,747 218,608 55,263 302,340 14 120,7651 (26,3471 331.256 Net Cu￿0n1 assets Total net assets 257,590 629,921 703.050 Charity funds Restricted funds Unrestricted funds 16 73.521 556,400 65,730 637,320 16 Total funds 629.921 703,050 The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. AkneJJ £ ￿t￿lsy Rev Andèrs Bergqulst Incumbent Date.. 11 The notes on pages 13 to 30 fom part of these financial slatements. Page 12

ST JOHN'S WIOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Basis of re aration of financial slalements The financial statemenls have been prepared in accordance with the Charities SORP IFRS 1021- Accounling 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 IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and falr, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published on 16 July 2014 rather Ihan the Accounting and Reporting by Charities.. Ststemenl of Recommended Practice effective from 1 April 2005 which has sin been withdrawn. The trustees confirm their explicit and unreseTved compliance with the above legislations. St John's Wood Church meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised 8t historical cost or transaction value unless otheThvise stated in the relevant accounting policy. 1.2 Income All income is recognised On￿ the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognilion of income from legacies is dependent on establishing entitlement. the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a18gacy must be recognised when It is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the charity, can be reliably measured. Income lax recoverable in relation to investment income is recognised al the time the investment income is receivable. Other income is re¢ognised in the period in which it is receivable and to the exienl the goods have been provided or on completion of the serwice. PArJft 12

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) enditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute lo more than one acty'vity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocaled on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activlties which further the charity's objectives. as well as any associated support Costs. All expendilure is inclusive of irrecoverable VAT. 1.4 Tan ib18 fixed assets 8n(J de re￿atIOn Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset (an be measured reliably. Tangible fixed assets are initially ￿COgnised at cost. After recognition. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition shoLEld be included in the measuretnent of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives. Depreciation is provided on the following bases.. Freehold propety Motor vehicles Musical instruments Not deprecialed 4 years straight line 10 and 25 years straight line 1.5 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequentiy measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losse5, whether realised or unrealised, are combined and presented as 'Gainsl(Lossesl on investments. in the Statement of financial activities. 1.6 Debtors Trade and other debtors are recognised al the seltlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due.

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 1.7 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short rnalurity of three months or less from the date of acquisition or opening of the deposit or similar accounl. 1.8 Liabilities and rovisions Liabilities are recognised when there is an obligalion at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated ￿lIablY. Llabllltles are recognised at the amount that the charity anb'cipates it will pay lo settle the debt or the amount it has received 8s advanced payments for the goods or seNices il must provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Staternenl of financial activities as a finance cost. 1.9 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instrurnents a￿ initially recogni5ed at transaction value and subsequently rneasured at their settlement value with the exceptiOT) of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 Pension5 Contributions to defined benefil pension schemes are charged to the Statement of Financial Activity as and when incurred. 1.11 Fund accountin General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specffic fund. The aim and use of each restricled fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 15

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 1.12Cash Flow Exem lion Being a small charity. the trustees have taken advanlage of the exemption from the requirement to prepare a cash flow statement. Critical accounting estimates and areas of judgment Estimates and judgments a￿ continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circurnstances. Critical accounting estimates and assumptions.. The charity makes estimates and assumptions conceming the future. The re5utting accounting estimates and assumptions will. by definition, seldom equal the related actual results. However, the trustees are of the opinion that there are no estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Income from donations and legacies restricted funds 2023 Total funds 2023 Totsl funds 2022 Legacies 15,057 15,057

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Income from charitable activities restricted Reslrrcted funds funds 2023 2023 Total funds 2023 Grants & Donations Standing Orders, Pledges & Envelopes Gift Day Church Fees Received by the PCC Income Tax Recoverable on Gift Cash Collections al all Servi￿8 Special Collections 19.955 56,004 24,195 483 17,833 7.866 19.955 56,004 24,195 483 17,833 7,866 4,871 4.871 126.336 4,871 131.207 restricted Restricted funds nds 2022 2022 Total funds 2022 Grants & Donations Standing Orders. Pledges & Envelopes Gift Day Church Fees Received by the PCC Income Tax Recoverable on Gift Aid Cash Collections al all SeNices Special Collections 14,557 65,157 24.586 688 18,327 7,237 14,557 65,157 24,586 688 18,327 7,237 7.912 7,912 130,552 7,912 138,464 Paqe 17

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED310ECEM8ER 2023 Investment income Un- restricted Restricted fijnds funds 2023 2023 Total funds 2023 Rental Income from Church Properties Dividends & Interest received 211,329 26,056 211,329 27,832 1.776 237.385 1,776 239,167 restricted Restricted fvnds funds 2022 2022 Total funds 2022 Rental Income from Church Properties Dividends & Interest ￿ceiVed 211,229 14,531 211,229 16,116 1,585 225.760 1,585 227.345 Other incoming resource5 restricted funds 2023 Total funds 2023 Services 9,692 9,692 Un- restrtcled funds 2022 Total fund5 2022 ServI￿s 8,229 8,229 PAnp. 1A

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendilure on charitable activities Summa restricted Restricted funds funds 2023 2023 Total 2023 Grants & Donations Activities Relating Directly to the Work of the ChLtrch Church Management & Administration 3.240 389,127 72,514 4,379 7.619 389,127 72,596 82 464,881 4,461 469,342 Un- reslncted Restricted funds funds 2022 2022 Total 2022 Grants & Donations Activities Relating Directly lo the Work of the Church Church Management & Adminislralion 5,160 325,722 77.415 6,804 11,964 325,722 77.514 408,297 6.903 415,200 Paoe19

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendilure on charitable aclivities (continued) Summary by expenditure type Staff costs 2023 preciation Other costs 2023 2023 Total 2023 Grants & Donations Activities Relating Directly to the Work of the Church Church Management & Administration 7,619 7,619 559 388.568 18,916 389,127 72,596 53.680 53,680 559 415,103 469,342 De- preciation Other costs 2022 2022 Staff costs 2022 Total 2022 Grants & Donations Activities Relating Directly to the Work of the Church Church Management & Administration 11,964 11.964 559 325.163 18,019 325.722 77.514 59,495 59,495 559 355.146 415,200

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities Activities undertaken directly 2023 Totsl funds 2023 Grants & Donations Activities Relating Directly to the Work of the Church Church Management & Administration 7.619 389,127 72,596 7,619 389,127 72,596 469,342 469,342 Activitie5 undertaken direcuy 2022 Total funds 2022 Grants & Donations Activities Relating Directly lo the Work of the Church Church Management & Administration 11,964 325,722 77,514 11,964 325.722 77,514 415,200 415,200 Page 21

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities Icontinuedl Analysis of direct costs Activities Relating Direclly to Grants & the Work of Donations the Church 2023 2023 Church Manage- ment & Admini- 5tralion Total funds 2023 2023 Staff costs Depreciation Christian Aid Relief & Development Agencies Slater Traval Grant Local Charities & Grants Common Fund Contribution Clergy Expenses Clergy Houses- Maintenan￿ & Running Costs Church Hall Running Costs Church Running Expenses Choir & Music Staff Accomodation Contribution Towards Major Projects or Refurbishments Other Staff Costs Office Running Expenses Governance Costs Bad Debts & Other Amounts Provided Against 53,680 53,680 559 1,450 4.629 700 559 1,450 4,629 700 144.150 4.416 144.150 4,416 18,916 39.296 52,998 72,850 3,826 18,916 39,296 52,998 72,850 3.826 173 15,657 3,086 173 15,657 3,086 52,116 52,116 7,619 389.127 72,596 469,342

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities Iconlinu8d) Analysis of direct costs {conlinuedl Activities Relating Directly to Grants & the Work of Donations the Church 2022 2022 Church Manage- ment & Admini- slration 2022 Total funds 2022 Staff costs Depreciation Christian Relief & Development Agencies Slater Traval Grant Local Charities & Grants Common Fund Contribution Clergy Expenses Clergy Houses- Maintenance & Running Costs Church Hall Running Costs Church Running Expenses Choir & Music Staff Accomodalion Contribution Towards Major Projects or Refurt)ishments Other Staff Costs Office Running Exp8nses Governance Costs Bad Debts & Other Amounls Provided Against 59,495 59.495 559 2,470 8,191 643 660 141.225 2,729 559 2,470 8,191 643 660 141,225 2,729 15,833 21,818 52,637 60,010 6.061 15,833 21,818 52.637 60,010 6.061 12,618 12.618 1,554 7,417 9,048 1,554 7.417 9,048 12.232 12.232 11,964 325,722 77.514 415,200

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Staff costs 2023 2022 Wages and salaries Social security costs Contribution to defined contribution pension schemes 49,110 3,469 1,101 54,495 3.921 1.079 53,680 59,495 The average number of persons employed by the charity during the year was as follows.. 2023 2022 No. ee number5 Office staff No employee re￿iVed remuneration amounting to more than £60.000 in either year. There are no significant disclosu￿ transactions in respect of PCC members. persons closely connected with them or any other related parties. 10. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits {2022- £NILI. During the year ended 31 December 2023. no Trustee expenses have been in¢urred12022 - £ NIL).

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THEY&4R ENDED 31 DECEMBER 2023 11. Tangible fixed assets Freehold Fixtures and property fittings Total Cost or valuation Al 1 January 2023 75,300 9.139 84.439 At 31 De￿mber 2023 75.300 9,139 84,439 reciation Ai 1 January 2023 Charge for the year 4,733 559 4,733 559 At 31 December 2023 5,292 5.292 Net book value Al 31 De￿mber 2023 75.300 3.847 79,147 At 31 December 2022 75,300 4,406 79,706 The freehold land and buildings comprise the Church Hall and the property located at 3 Cochrane Street. London, NW8. These were last revalued for insurance PUTPOSes during 2017 at £3,136.000. 12. Fixed asset investments Listed investments Cost or valuation At 1 January 2023 Revaluations 292,087 1,097 At 31 De￿rnber 2023 293,184 Net book value At 31 December 2023 293,184 Al 31 De￿mber 2022 292,087

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Cost Value 2023 Value 2022 Restricted CBF Church of England Investment Fund - Income Shares 58,812 61,985 56.379 Unreslricled M&G Charifund Income M&G Charibond 74,158 213,561 218.700 94,158 231,199 235,708 152,970 293,184 292,087 13. Debtors 2023 2022 Due within one Trade debtors Other debtors Prepayments and accrued income ear 24,847 16,822 18.078 9,878 27,442 17.943 59,747 55,263 14. Creditors: Amounts falling due within one year 2023 2022 Trade creditors Pension payable Other creditors Accruals and deferred income 1,308 211 4,390 14,856 502 561 4,390 20.894 20,765 26,347

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Financial instruments 2023 2022 Financial assets Financial assets measured at fair value through income and expenditure 293,184 292,088 Financial assets measured al fair value through In￿Me and expenditure comprise fixed asset investments. ?7

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Statement of funds - current year Balance at 31 Gainsl December (Losses) 2023 Balance at 1 January 2023 Income Expenditure Unrestricted funds Desi naled funds Fabric Fund 114.283 114,283 General funds General Fund 523,037 388,470 {464,8811 14.5091 442,117 Total Unrestricted funds 637.320 388,470 1464.8811 14,5091 556,400 Restricted funds Appeals Christian Christma5 Charities Memorialsl Funerals Easter Contributions John Slater Fund Platinum Jubilee Ukraine 785 369 789 783 785 1,450 2,016 1,230 11,4501 {1741 1750) 369 2,631 1,263 160 60.682 1,130 1,032 1,776 (782) 11,1301 {1751 5,605 67,281 175 1,032 65.730 6,647 (4,4611 5,605 73,521 Total of funds 703.050 395.117 1469,3421 1.096 629,921 The John Slaler Fund was set up during 2005 as a pemanent fund in tribute to a fomer incumbent. The funds are held in an individual bank account and are managed by the PCC. The restricted funds for Appeals, Christian ￿d, Christmas Charities, Memoria151 Funerals, Easter Contributions, the Platium Jubilee and Ukraine represent special collections after which the funds are named. It is the PCC'S practice to sel aside some of its ordinary unrestricted income into a designated Fabric Fund. When there is significant expenditure on the fabric of the Church or the Hall complex, this is nomially paid out of the Fabric Fund.

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Iconlinuedl Statement of funds - prior year Balance at 1 January 2022 Ba18nce al 31 Gainsl December (Losses) 2022 Income Expenditure Unrestricted funds Desi naled funds Fabric Fund 114,283 650 112.6181 102,315 General Fund 581,766 363,891 1395.6791 114,9731 535,005 Total Unrestricted funds 696,049 364,541 1408,2971 114,9731 637,320 Restricted funds Appeals Christian Christmas Charities Memorialsl Funerals Easter Contributions John Slaler Fund Platinum Jubilee Ukraine 785 1.354 213 785 1,485 1,097 {2,4701 {521) 369 789 783 160 783 160 60.682 1.130 1,032 67,326 1,584 1.130 4.201 17431 (7,4851 {3,1691 70,621 9,497 16,9031 17,4851 65.730 Totsl of funds 766.670 374.038 1415,2001 (22.4581 703,050

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 17. Analysis of net assets between fijnds An81ysis ot net assets be￿en funds - current year Un- restricted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 79.147 231,198 266,820 (20.7651 79,147 293.184 278.355 (20.7651 61,986 11,535 Total 556,400 73,521 629,921 Analysis of net assets between fun(Js - prior year Un- restricted Restricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments cu￿ent assets Creditors due within one year 79,706 235,708 348,253 {26.347) 79,706 292.088 357,603 {26.3471 56.380 9.350 Total 637,320 65,730 703,050 18. Related paty transactions During the year, the church received donations from trustees amounting to £4,325 12022: £7.300). Paoe 30