Company registratlon number. 04821792 Charity registration r7umber. 1138488 ST JOHN'S DOWNSHIRE HILL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ST JOHN'S DOWNSHIRE HILL CONTENTS Charity Information 1 to2 Report of the Trustsas 3to10 Independent ALJditors' Report 11to14 Stat8menl of Financial Athit￿s {IncorpOra￿ng an Incom8 and Expenditure attountl Balance Sheet 15 161017 Statement of Cash Fl 18 Notes to the Accounts 19to33 ST JOHN'S DOWNSHIRE HILL CHARITY INFORMATION St John's Downshire Hill is a charitable company bmlted by guarantee arKI a registered charity governed by its Memorandum and Articies ofAssociation. Company Roglstration Number 04821792 Charlty Rgglstratlon Number 1138488 Trustees D Bathjw G Bums A Naidu C Onaka KYL80 Secretary E England Senior MlniBtsr Rev T Watts Re9l8tered Offic• St John's Church Downshire Hill Hampstead NW3 1NU BarclayB Bank plc 28 Hampslead High Street London NW3 1Q8 Shaw Gibbs (Aurfil) Ltmitsd Salatin Hous8 19 Cedar Road Slrtton Surrey SM2 5DA Bankars Indopendenl Audltor Page 1 ST JOHN'S DOWNSHIRE HILL CHARITY INFORMATION Further Inforn)atlon For further information about the Church and its activities and to find out how you can get invoFved, please Icxjk al our website, www.sjdh.org. AteirFatively. you would be Wel￿Me at any of our services (10.30 a.m. 8nd 6 p.m. every Sunday. [￿e stream details can be found her8". https".Ilsjdh.o@livestreanVI. If you would like to ￿ntact U8 for any reason, please pmne the church office. on 020 7099 9360. st John's Church Downshire Hill Hampstead London NW3 1NU Telephone.'102017099 9360 Email.. office@sjdh.otg Page 2 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Th8 trustees. are directors for th8 purposes of company law, present the annuai report logeth8r th the financial statements of the charitable company for the year ended 31 August 2025 and confirm that they comply with the requirements of Ihe Companies, Act 2006, the Charthes, Act 2011 and the Accounting and Re￿r￿ng by Charrties: Statement of Recommer*led Practice applicable to charitres preparing their accounts in accordance vmlh the Financial Reportlng Standard applicable in the UK and RapUbl￿ of Ireland {Charities SORP (FRS 102}1. OBJECTIVES AND ACTMTIES Purpose and Mlsslon of St John's Downshirè Hill St John's Downshire Hill is a company limited by guarantee arKI was wistered wth the Charities Commission as a charity effect from 20 October 2010. It is the ￿gaI entity which hokls all the assets and li8blliliès of St John's Church, Downshir8 Hlll. Hampstead, and which accounts for all of its income and experKliture. The church itself is a Proprietary Chapel in th& Church of England, part of the Diocese of London. and therefore is accountable for its own assets and liabllitios. The MemoraThJum of Association of St John's Downshire Hill ("Sl John's'l stal&s that the church's objects are the advan￿ment of th& Christian faith for the public benefil in a way that is consistent wllh the funilamentsl truths revealed in Hoty Scripture, as faithfully summarised and reflected in the Thirty-Nine ArNcles of Religion, The B￿k of Common Pray8r and The Ordinal of the Church of EngLand, as well as the Reform Covenant of 1994 and the Basis of Faith of th8 Fellowship of lThJependenl Evangelical Churches IFIECI. The mission and pri)rity of St. John's is 'livlng for Jesus. sharing his good news" by being transfomied by his grac8 and equipped by his word to serve in his work This happens as.. The Scriptures are tsught, explained and applied (Acts 20."321 We unite in loving fellowship wtth God's p￿pIe (Ephesians 3.'17-191 We serve Christ and his church {Eph68ians 4..11-13) We suffer for his sake (Philippians 3.'10-111 Wo also share the good nèws aboLrt Jesus through: The public proclamation of the gospel (Acts 17.'23, Romans 11.'1415) th8 distinctlv8 fv8s of Christians (Matthew S'.1&161 the united love of the churth (John 13:3U51 IndNiduals speaking about Christ as they have opwrtunities to do so (I Peter 3.'1&16) Page 3 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 KeyActlvltles The church's key activities are therefore: Th8 work of St. John's ilsèlf In teaching God'$ Wc*d in ¢h￿￿h servi¢x5, small groups youth groups., in encouraging and supporting each other- and In evangelism. Serwce of our tocal community in Hampslead, in order that the love of Christ may be more widely known in this area. Support of gospel work in ts UK and wortdwide through prayer, granl-makirwj, and other practical help where needed. Al the year end, St. John's had 8￿Jm salariod staff members. Apart from this, the rna￿rity of St. John's ministry is carrled out by volunteers. whether working within th6 church ill leaching, youth work, evangelism elc., or invofved in caring for the missionaries we support elsewhere. The tn￿leeS would like to thank all fho8e who volunteer their services to help run and adminlster St. John's. Many peoplè give a 8ubstanlial amount of time to ensure the church runs gffiaenty. Public Benefit Sl. John's advanw the Christran faitt) for the publK be￿ffit by promulgating the good news of the Christian message within Hampslead and also In support of indiwduals, churches. and organisalions elsewhere in the UK and around the world wSth that sam6 aim. We believe that 6t Is to the etemal benefrt of all people to give them the op[￿rtUnIty lo and respond to the invltalion of s81vation from our kjving God. Sl. John's also serves the public In many other ways.. We run weekly English language classes for our local internaltonal communty, Wa run a popular bables and toddler3 group on our premlses to hèlp serve local mums and carers.. We fun after-school clubs for a varfety of age groups, w￿ch are all free of chargg,. W8 organlsa musical concerts, whith are open tr) thè public, fr8e of charge.. We take regular school assemblies in the local Church of ErKJland school,. WhiLst St John'$ Is not the parish church, we #Iso coTrdu¢t w8ddlngs. funernls and memorfal seNices. Page 4 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ACHIEVEMENTS AND PERFORMANCE Roview of Athltlos Wortr at SL John Ministy and mission at SJDH conllnued lo ffourish in the ye8r ended 31 Augusl 2025. The stsff team remained unchanged for most of tho year time, consisting of the Senior Minister. Associate Mintsler for Families, Associate Ministgr for Women, Assislanl Minister, Church Administrator (part time), Finarbce Administrator (part timel al￿ Caretaker (part lime). In eaty 2025 our Church Administrator Kerry Jones announ(%d her intention to Tell￿ on 31 August 2025. The church advertised for and recrulted a new Church Administrator, Loredana Coste8. who began work at th8 beginning of July 2025 In order to ensure a smoolh handover as Kery retired.. At th6 samo time, our Assistant Ministsr Aaron Ku left his role at th8 gnd of August. having completed three yoars as planned when the post was created Chlldren's and youth work continued to thrive wth a reguL3r pattern of Sunday momiro groups for 0-14s. Frlday evgning clubs for prrmary school children and 11-188, and a monlhty Saturday evenlng Bible study for okler teens. Other events through the year Included outreach and dlscipleship events for women and for men, a weekly pargnvcarers and toddlers group "Mini Mischief, a continuing English language class ministry wlh intemationals, a weekend away attended by over 100 people al which the speaker was one of our mission partners John Paul ATanzulla and an Easter holiday club for prfmary school children. Wlth the full support of th8 Trustees of SJDH. the Associate Minlster for FamIl￿s. David Rue, trjok a pgrtC¥J of sabbatfcal study leavè from Jur>e to August 2025, for the puryjose of rest and study. Support for Gosp•l Work In the UK and Overseas St John's has continued in prayer and financial support for tts mission partners, Increasing the number supported to 12 during this year. These include missionarfes in Ireland, Czech Republic. Italy, Senegal. SwitrerL4nd. Manchester {UK), Johannesburg and London (UKI. as well as the organ&%alions London City Mission, Oparation Mobilisatron. Oak Hill Theok¥Jlcal College and Open Dwrs. P￿65 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Porfomianco Spiritual growth can be both numorical and in tem)s of individual mabjrity. The latter is hard to m6asuro 8lthough ft is encouraging to see so many church memb8TS giving sacrificially of Ihelr time and money lo serve the church and wider world. Our av8rage Sunday attendanc8 remained stable at up lo 130 adults in the morning, and betsyeen 20 and 40 in the gveniro. Our Japanese monthiy service has continueil with an attondance of approximately 10 adults and 3 chifdren The Sunday children's clubs continued around 65 childr8n aged 0-14 regulaty invofvod. We rpgukqrly saw 40 under 18s attending our Frfday and Saturday evening youth dub acdvibes, %Mth a toLIl gf around 65 attending at least oncg through the year, many much mora frequently. During the year ending 31 August 2025, there were 4 baptisms and 5 confim)alions at a servi attended by the Bishop of Ebbsffleet. During the year we also ran Hope Explored. Christianity Expk)red and Discipleship Explored which were att8rxJgd by around 8 peop￿ enquiring into Christian faith for th8 first Ime. FINANCIAL REVIEW Prlnclpal fundlng sources The principal Sour￿ of funding o)ntinues to be personal gwing by the congregation, alongside the tax that is recoverable on this glving through the HMRC Grft Aid arrangement. Totsl donations recenied during the year amounted lo £573.65412024.' £503,868). Addltionally. a small and Variab￿ Ir￿me is derived from letting out the church bulldlng. rent from olhar residentlal properties not currenlly required as houslng for relevant stsff but we do not aim to bg reliant on any of thls uncertain form of Income. During the y6ar the charitablg company ￿1Ved rent from letlirKJs amounting to £19,665 12024.. £33.8071. ReseNes pollcy Excluding interest-fm loan8 made for the purchase of 88 Upper Park Road and 19 Parfiament CourL totalling £164,000 (2024.. £194.0001, which are repayable on 24 months, prior written notice. the arxounts show a net current assel posltlon of £682,48412024= £179,998). Our aim is to repay th8 above loans wlth any surplus generdl4)d. The tN8tees recognise that until this reduction in debt has taken pl8ce Sl John's will carry no reserves, beyond what is de8m8d reasonably prudent for the ongoing da1￿ costs of the ministry of Sl John's. Pwje 6 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 PLANS FOR THE FUTURE Strategk prlorltios for 2026 Continue outreach: we VAII continue wth one off events such as Lunar New Year cekbralion, children's Easter holiday dub, church open day for the local community. and regular acllwties such as English language ¢Jasses, Mini Mischief carers and toddlers group, Friday and Saturday evening youth outreach clubs. Refresh our vision: the Minlsty Overstqht Team wfll work prayerfully with stsff. truste&8 and th8 wlder congtpgation to refresh the vision for th8 church as we consider where God may be bading us in the coming years. Develop ministy among oidgr and young adults in the context of the evening s8rvice.' we ￿pe to recwit a ftjrther staff member to WO￿ among thèse groups a￿1 also be trained for lulure church adership ministy. . Continue to davelop our mlssion p8rtnorships, irtcluding consideration of possible new partnerships. . Strengthen our welcome of b¢)th new non-chrislians and new Chris118ns into the d)urch . Refresh our small groups to draw more peO￿e into 18adership and m8mber8hlp of th8se groups for personal groth in discipleshlp . Devekjp a new leaders. trainlng course for the chuich . Adopt the new Memorandum and Artides for the charitable ￿mPany, and launch the new Coundl of Reference as rnemb8rs of the charitable company. Going concom The Trustee5 have considered the finanoial posltlon of the charity and conflmi that there are no mat8rtal uncertaintles regarding its ability to continue as a golng concem. The Trustees are Ihergfore satisfied that the preparation of the financial statements on a going concern basis is appropriate. Page 7 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Rl$k managomont The trustees have sought to mitigale the major risks the charity faces. In particJJlar. a} on the advice of th8 finance tssk team, the trusle8s belteve that they have adequate conlroL% to ensure that proper records are maintained in respect of donab'ons recelved under Gfft Aid to reducg the risk of 8mounts being reclaimed by HMRC, and th8t records are maintsined of all fegacies notified to the charty to reduce the risk that all tegacy income to whlch thè charity is entitted may not actualty be rO￿lved or property recorded in thg accounting records. Thls indudes procedur8S to deal with any chattels or property received. b) there are cxjntrob in place lo mitigate major financkgl risks. The ffinan￿ task team propares a budget. meets reguLgty to discuss slgnificant transaciions, revrew cash bÉlan¢es and reports It8 findlngs to the trustees on a regular basis. c) the Church Safeguardlng Offl￿r and Children's Champion Implement St John's 5afeguardirg policy, which is remewed annualty by the t￿Stee$ and is availab￿ on our website IvMw.sjdh.orgl. One of the staff membgrs works in LX)nsultation wlh the Church Safeguarding Officer lo train and supervis6 all those worklng wth chiklren. Another staff member oversees the DBS certFficalion process. dl the risks associated wlth the preparation and provlsion of meajs from the church kitchen. ar￿ the training of 811 those involved in the preparation of food, has bèen ovetseen by members of the staff team who were aiso responsible for overseeing the Sunday and Wednesday evening calerlng. Food safety and hygiene guidelines are clearfy posted in tha kftchen and new volurrteeis in the kitchen are supervised in11kg1￿. The trusteos are satisfied that aN personnel operating in the khchen are 8pproprial8ly traingd and qualffied In respect of fcL)d hyglene. el Health an(J safety needs are monltored to ensure that st John's romains as safe a place as il can reasonably be for workers and visitors afike. TN$tee8 and th8 Trusl The followlThJ trustees servod on the Board during the year and up to the date of approval of this report and also fulfilled the roles of directors of the charitable company. D Barlow G Burns A Naidu C Onaka K Y Lee lappolnted 18 January 20261 The trustees meet on a regular basls to moke de￿$lOnS and monltor fhe work of the tharfty. Trustèes may be 8ppoint8d at a general m8eting by ordinary r8solution. Page 8 ST JOHN'S DOWNSHIRE HILL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees, Re8ponsibllitles The trustees (who are also the directors of St John's Downshire Hill for the purwses of company law) are responsible for preparing the Trustees, Annual Report financial statements in ac￿rdanc￿ with the United Kingdom ALrountlng Standards (United Kingdom Generally Acceptsd ACCOUn￿n9 Practko). Company law requires the trustees to prepare accounts for gach financial year which give a true and fair view of the stste of aff8irs of the charitable company as al the balance sheet date aNI of its ir1￿ming resources and applrcalion of resources, including its income and expendTture, for the financial porfod. In preparing those finar7Gial slalem8nts, the trustees are rgquired to: select suitable accounting policies and apply them ￿nSIstentI￿, obs8rve Iha methc*Ys and prfnciples in the Charftles SORP., make judgements and estimates that are reasonable and pwdent., state wh8ther applicable UK Accounting Standards hav8 been followed, sublect to any matarfal departures disc10s8d and explained in the financlal statements., and prepare the financTal statements on the going concern basis unless it is inappropriate to assume that the chaittable compary will continue on that bBsls. The trusleas are responsible for keeping proper accounfing records which disclo88 wlh reasonable accuracy at any time the financial posiknon of the company and to enable them to ensure that the accounts comply th the CompanEs Act 2006. They are also responsibje for safeguarding the assets of the company and hence for taking reasonabl8 steps for the prevention and deteclion of fraud and Ot￿r irregularfties. Non4dJu$tlng events after tho flnanclal perfod Ther8 have beon no signifKant events behveen the year end and tho dak of approval of th financial slalen*nts which would require a thange to, or a disclosure in, the financial statements. Statement of dlsclosure to th• audltor Each of the trustees has confimied that so far as they are aware, tr￿re is no relevant audit information (a5 defined by Section 418 of the Companies Act 20061. of which the charitable company's auditors are unaware, and that they have tsken all the required steps as trustees lo make themselves aware of any rèlevant audit Informatlon and to ostablish that th8 charftsbla companys auditors are aware of Ihal infomatlon. Page 9 ST JOHpf8 DOWN8HIRE HILL REPORT OF ThE TRV8TEES FOR ThE YEAR ENDED 31 AUGUST 2025 Th• tswl••B hwa l•k8n of ¢•mponkn' exempkn3 provkl8d by g•rflorA 414b 415A of Acl 21Th fr0rn tho r•wtrqnxnt to prep*B A Atr•t•Jk rop￿ BY ORDER OFTrIE8OARD 13 Awl 21Y28 ST JOHN'S DOWNSHIRE HILL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST JOHN'S DOWNSHIRE HILL Oplnlon We have audited the financial stat8m8nt8 of St John's Downshlre Hil Ilhe 'charity'l for th8 year ended 31 August 2025, which comprise the Statement of Flnanclal AC￿vIl￿eS Ilncorporating an Incom8 and Expenditure a￿unt} , Balance Sheet, Ststement of Cash Flows, and Note5 to the Accounts. ncluding a summary of significant accounting policies. The financial reporting framework Ihal has been applied ￿ their preparation is the applicable law and United Kingdom Accounting Standards, including Fin8nci81 Reporting Standard 102- The Finanual Reporting Standard applicable in th& UK and Republic of Irelan(J' arnl applicable law Iunltsd Kingdom Gèneralty Accepted Accounting Practice). In Lwr opIn￿1n the financial statements.. glve a true and fair VI￿ of the state of the charftabl8 companys affairs as at 31 August 2025 and of its in¢orning resources and applicalton of resources, Including its inwme aThJ expenditure, for the year then ended. have been propety prepared In accordance wf(h United Klngdom Generalty Accepted AeLounting Practice. and have been prepared In accordance wth the requirements of the Chartth?5 Act 2011. Basls for opinion We con¢Yucted our audit in accordance with Intemational Standards on Auditing {UK) IISAS {UK)l and applicable law. Our wponsibllilies undèr those standards are further doscrlbed in th8 Audilorfs responsibilities for the audit of the finandal statements section of our report. We ar8 independent gf the charity in accordan￿ wth the ethical ￿qUir8￿￿ntS that are relevant to our audit of th8 financial Statements in the UK. indudlng the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in &cordan¢e with these requirements. We believe that Ihe audlt eviden￿ we have obtained is sufficient and appropriate lo provide a basis for our opinion. Coneluslons relatlng to golng concem In auditing the financial statements, we have conduded that the trustees, use of the going cOn￿M basls of aCr￿Unting In the preparation of the financial ststements is appropriate. Based on the work ￿ have performed. we have not identified any material uncertainlias relating lo events or conditions that. individualty or collectively, may cast signtficant doubt on the charitablg companys ability to continue as a going concem for a period of at least twefve months ffom when the financial statements are aulhorised for issu8. Our responsibilities and the responsibilities of the directors wlh respect to goirKJ concem are described in the ra￿vant stttions of this report. other Inforniation The other information wmproses the infomialion Inciuded in the Annual R8POrt, other than the financial statements and our auditor's report therèon. The trustees are responsible for the other infomiation. Our opinion on the flnancial statsments doBS not cover the Ott￿r information and we do not express ary form of assurance tsjnclus￿n thereon. Page 11 ST JOHN'S DOWNSHIRE HILL INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF STJOHN'S DOWNSHIRE HILL In connection with our audit of the finanaal statements. our responsibility is lo read the other infomalion and, In doiro so, consider whether the olher infomialion Is materialty inconsistent with the financial ststements or our knowledge obtained in th8 8udit or otherwise appears to bo materfally misststed. If w8 id8ntlfy such matQrio1 Incons58tsncies or appargnl materfal mis8talornents, we aTe requirèd lo determine whether there is a mal8Tlal misstatement in the finandal statements or a material misstatement of the other infom)ation. If, based on the work wo have performed, we concludg that there is a material misstatement of thks other information. we are required to report that fact. We hav8 nothiro to report in this regard. Mattars on whlch we are roqulred to report by excoption We have nothing lo report in respect of th8 following matters in retation lo which the Charltl88 {Accounts and Reports) RegulatK)ns 2008 require us lo report to you if. in our opinion.. the infomiation given in the Trustees, ReF¥)rt is inconsistent in ary material respect with the financial stslements. or sufficient accountSng records have not been kept.. or the financial statements are not in agreement with the accounting records,. or we have not received 811 the infomalion and explanations we require for our audit. Rosponslbllltl•$ of trnsteos As explained more fulty in the Statement of Trustees. Responsibilities (set out on page 91, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial ststements and for being satisfied that they give a truo and fair view, and for such Internal control 88 the trustees detemiine 18 necessary to anabl8 th preparation of financkal statements that are free from mat6rÉal misstat&mant, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the chariws ability to continue as a going ￿ncern, disdosing, as applicable. matters related to going concem and using th going concem basis of accounting unlesg the trustees either Intsnd to I￿]u￿1a1& the charity or to C8ase operations. or hav8 no realistic altemauve but lo th) so. Auditovs r•sponsibiliti8s for the audlt of the flnan¢lal stattm•nts We have been appointed as audltor undar section 144 of the Chadties Act 2011 and r8POrt In ar￿[danCe ￿th the Act and relevant wulations made or havirKJ effect thereunder. Our objectives are lo obtain reasonab￿ assuran￿ about whether the ffnanual ststements as a whole are free from rnalerfal misstatement, whether due lo fraud or error, and to issue arb audito￿$ ￿port that Includes our oplnion. Reasonabl8 assurance 18 a high level of assurance, bul is not a guarantee that an audit conducted in accordance wlth ISAS (UK) will a￿a￿S detect a matsdal misstatement when It exists. Misstatements can ariso from fraud or error and are c>)nsid8red material rf. individually or the aggregate, they could reasonably be expected to influènce the economic dedsk)ns of users tsken on the basis of these financial statements. Irregular￿&S. including fraud, are instsnces of norFcomp￿anC8 with Lqws and regulatknns. We deslgn procedures in line with our responsibilities, ouuined above, to detect material misstatements in respect of irregularille5, inciuding fraud. The extent to which our procedures are eApable of detecting iwularities. Induding fraud ts detsiled befow: Pay8 12 ST JOHN'S DOWNSHIRE HILL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST JOHN'S DOWNSHIRE HILL The extent to which the audit was conBldered capable of detecting irregularitlos includlng fraud Our 8pproach to Idgnt¢fylng and assessing the risks of matsrial mlsstalement in respect of irregularities, including fraud and non-compliance with laws and regulalions. was as follows.. engagement partner ensured that the engagement leam couectivety had the appropriate competence. r£pabllill&s and skills to Id8ntify or recognise non-compliance with appllcable laws and regulations.. we assessed the extent ol compliance wlh the laws and regulations Klentified a￿ve through making enquiries of managemènt and inspecting CQTrespondence', and we identrfied laws and regulations were communicated wlhin the audit tsam rggulady and the team remained alert to instances of non-compliance throughout the audiL We consid8red the nature of the Charitable company's control environment. and rew&wed tha Charitable company's documentstlon of thelr policies and procedures relatlng to fraud and compllanc8 with laws and regulations. We also identthed the laws aThJ regulations applicable to the charrtable company through discussions wth the Trustees and other management, and from our cumulative audit, knovledge and exPer￿nce of the charlE8ble company. We obtained an understandlng of the legal and regulatory framgwork that the Charitsble compary operates in. and identified the key bws and regulations that.. h￿1 a direct effect on the delerminalion of material amounts and disciosures In tho financial statements. These included the Companies Act 2006, the Charities Act 2011, Places of Worshlp Act 1855. tho Chariues SORP, and UK financial reportlng standards as isyued by the FlnanGial Rewrtlng Council.. and not have 8 dI￿¢t effect ijn the financial statements but ￿mplIance whh which may bo fundam8nlal to the Charitable company's ability to operate or to avoid a matgrial ￿TraIty. Th&88 included the Charitable companls regulatory requlrements. We assessed the susceptibility of the charitable compa￿S financial statements to materi81 misststemenl, including obtalning an understanding of h¢)w fraud might occur, by.. maklng enquiries of management as lo where they considered thore was suswtibillty to fraud. Iheir knowledge of actual, suspected and alleged fraud.. and cot)5idering the intemal controls and policAes place to Mill￿te risk5 of fraud and nor￿mplIance th laws and regulatlons. In response to the risk of iirogularities and n0nthcomp1ian￿ with laws and regulations, we designed procedures which inciuded, but were not limitsd lo: revtewing financial statement dlscktsures by testing to supporting docum8nlalion to as888S compliance th provisions of relevant laws and regulations descrfbed as having a direct effoct on the financ4al ststements.. performing analwtcal procedures to identwy any unusual or unèxpected relationships that m8y indlcate risks of materlal misstatement due lo fraud.. enquiring of the Trustees concemiThJ actual and potential liiigation and claims, and instances of non<0mpliar￿ wilh laws regulations,. and reading minutes of Trustees, meetings, r8view7ng Internal audlt r&ports and r8viewing correspoThJence with the Charities Comrntsslon. Page 13 ST JOHN'S DOWNSHIRE HILL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STJOHN'S DOWNSHIRE HILL There are inherent limSlations in our audit procedures described above. The more r8moved that laws and regulatlons are from financial transactions, the less likely il is that we would become aware of noncompliance. Auditing standards also limf( the audit procedures required to idenbfy non-compliance with laws and regulations to enqulry of the Trustees and othor management and th8 Inspection of r8gulalor and18gèl correspondence, if any. Malerfal misstatements tt)at arise due to fraud can be harder to detect than those that arise from error as they may invoive deliberate concealment or collusion. A further deScrf￿t￿n of our reS￿nSibIlItIeS &$ availabie on the Financial Reporting Council's wsbsite at: www.frc.org.uklauditor5responsibilities. This description forms part of our auditorfs report. We communicate ￿￿th those charged wth governance regardir¥J, among other matt$rs, the planned SCOP8 and tlmlng of the audit and slgnfficant audit findiros, induding any slgnfficAnt deficiencies in Internal control that we identify during our audit. Use ol our report This retKJrt is made solely to the charitsble companys truste&8, as a boty, In ￿￿Ordan￿ wflh Part 4 of th8 Charities {A(￿unts and Records) Regulations 2008. Our audit work has been undertaken so that we might stste to the CharfIab￿ companvs trusle8s those matters we are required to stste to them In an 8uditorf8 report and for no other purpose. To the fullest extent permitted by law. we do not accept or assum8 responsibilty to anyone other than the charrtable company and the charilabla ompanls trustoes as a b(Ky, for our audlt work, for this r8POrt, or for the oplnk)ns we have formed. Shaw Gibb8 {Auditj Llmited Statutory Auditor Salalin House 19 Cedar Road Sutton Surrey SM2 5DA 13 Aprfl 2026 Shaw Gibbs {Audlt) Limlted 18 eliglble for appolntmenl as auditor of the charity by virtue of ts elwjibility for appointrient as auditor of a company under sectron 1212 of the Companies Act 2006. Page 14 ST JOHN'S DOWNSHIRE HILL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 (Incorporatlng Income and Expendlture Account) Unr•stricted Restrfctsd Total 2025 Totsl 2024 Income from: Donations Other Iradlng activities Investment inwme Total In¢¢Nnlng Resources Resources Expgnded Actiwties in furtherance of the Charilys objectives Govemance and support 562.445 207,715 6,728 11.209 573,654 207.715 6,728 503.868 52,252 1.995 776,888 11.209 788.097 558,115 603,525 6,883 610.408 455,086 28,973 28.973 Total R•sour¢•s Exponded Unrealised losses on investment 30,679 632,498 6,883 639,381 485,765 12 250 250 Met incomingl loutgolng) resources 238 144.640 4,326 Net movement In funds Openlng Resorvos Closing Re8erves 148,966 72,588 144,640 148.%6 5.977.914 6 679.581 6,122,554 705,993 6.828.547 IncomiNJ resources and rgsourc88 expended in 2024 were fvlty from unrestricted funds. 4.326 72.588 701667 6.606,993 6.679,581 17 All of the oharivs activllias derfve from ￿ntInuIng operations during the above two PeriCKls. All gain$ and losses In th6 year are Included above. Page 15 ST JOHN'S DOWNSHIRE HILL (REGISTRATION NUMBER: 04821792) BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible fixed ass6ts Investments 11 12 6.307,188 2,875 6,310,063 6,690.959 2,624 6,693.583 Current assets Debtors Cash at bank 13 130.424 584,515 714.939 188,981 87.850 276.831 Crndltors: amounts falllng due wlthin on• year N81 ¢urreTht a$5ets 14 32.455 96,833 682.484 179,998 Total assets less current Ilabilitles Credltors: amounts falllng due after more than ono year 15 Net a$sgts 6,992.547 6.873.581 164.000 194,000 6 828.547 6 679,581 Funds Unr88tricted income funds Gèneral resetve Olhar reserves 5.940,300 182,254 6,122.554 705.993 5,795,910 182.004 5.977.914 Restrrcted income funds Total thnds 701.667 17 6.828.547 6,679.581 Page 16 8T JOHN'S DOWN8HIRE lllLL fREGISTrATION NUM8ER: 114021792) BALANCE SHEET AS AT 31 AUGUST 2025 4 •nkn• Port 16 01 th• X#]8 8nd SQRP (FRS 1021 And not an W>thc* Joth478oftssomoA¢ an l* rwulr•d **1)n 14411tho char￿ AclXI71. IWI 13 W 2026 IWt*hllty. ST JOHN'S DOWNSHIRE HILL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Note Cash flows from 0￿ratIng actlvltles Net cash Income 148,968 Adju*tm¢nts to ¢ash flows from nonrJ of 12 months from the date of approval of these financial ststen*nts. The trustees have given due consideration to the worklng capital and cash flow requirements of St John's Downshire Hill. The trustees consider St John's DownshSre Hill's curr&nl arKI forecast cash resourcas lo be sufficient to cover th8 working capital requirements of the chanty for the for8seeable future. Statem•nt of eomplian¢e The financlal statements have been prepared in accordance with Accounting and Reporting by Charltfes.. Stslement of Recommernled Practice (applicable to charities preparing their accounts in accordance with the Financial Reporbng Stsndanl applicable in th8 UK and Republlc of Ireland (FRS 1021} (issued In October 20191 {Charilies SORP (FRS 102)), the Financlal Re￿rtIng Stsndard appllcable in the UK and Republic of Irei8nd {FRS 102) and the CompanEs Act 2006. 8a51s of accounting These financial ststements have been prepared using the historrcal cost convenllon except that as disclosed in the a(txiunting Foli¢i$s ￿rtain items are shown at fair value. The functkjnal currency of the company L8 considered to ba pounds slerting (£1 becaus8 that Is the currency of the primary economic environment in which the company operates. The finanaal slalemenls are presented in wunds slerfing (£}. Judgement and kay sources of estlmatlon uncertalnty The preparation of financial statements in conforniity ￿th Chaitli&s SORP {FRS 1021 r8quires the trustees to make judgements, estimates and assumptions Ihat affoct the application of policies and reported amounts of ass8ts and liabillties, Income and exponses. Thè estimatss and associated assumptions are based on hrstorical oxperience and various other factors that are bellevgd to be rgasonable under the clrcumstanees, the results of which fomi the basis of making th8 Judgements aboul canyng values of assets and Ilabilities that are not readity apparent from other sources. In the opinion of the Trustees there are no ludgemenets or key sources of estimation uncertainty whjL* coukl materialty affeGt the financial statements Page 19 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Provlslons Provlsions are recognisgd when the charity has an obllgauon at the reporting date as a resurt of a past event, it Is Probab￿ that the charlty wll be requlred to settfe that obllgatSon and a reliable estimate can be made of the amount of the obligation. Incomlng resources Income 1$ re¢x)gnised when the rharitable cfjmpany has entit￿ment to the fund5, it is probabio that tho income will be received, and fhe amount can be m8asured reliably. Incomlng resources from donatknns represent voluntary income. which are crgdiled In lh8 year in which they ar6 recelved. Income tax r8coverable on donations re￿Ived undei Gift Atd, income from other actrvitses and Investrnenl income are accounted for on an accwals basi8. Investment Incom8 Dwidgnds are reC￿niSed once th& diwdend has b8en declared and notificallon has been received of the diwdend duè. Resourtss Expended Expenditure is rectgnised once thgre is a legal or construcuve obligation lo make a Wdyment to a third P8ty, it is probable that setuement wll be required, and the amount of obligalron can be measured reliabty. Expenditure is included on an accru319 basls inclusive of VAT. Expenditure is classified under the following activty hoadings: Rosources &xpended on advities in furtherance of the charivs oblectfvos comprfse dO￿a￿or￿S made as well as salaries and other resour¢e8 applied by the Charitable Lyfympany in urKlertaking its work to meet tts charitable oblecdves. Resources expended on governan￿ costs comprise the costs of arrangements whlch relate to th8 genèral running of th8 charitable company, and in¢hJde such items as general Offi￿ costs, Wl ar￿ other professional fees. 8Xtemal audit and deprecration of flxed ass8ts. Page 20 ST JOHN'S DOWNSHIRE HILL NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Flx•d assgts Tanglble fixed assets ar8 ststed al historical (x)sl less depr8ciation where appropriate. Freehold and leasehold land is not dgprecialed. in ac¢ordance wtth Charflles SORP IFRS 1021. The charitable companls fr6ehold and leasohold properties were last revalued on 31 August 2008 by the trustees. At the dale of transition to Charities SORP (FRS 1021, the trustees elethd to use the PreV￿u8 reValuat￿n of the charitable company's freehokd land and buildings and leasehold properties as deemed cost at the respectiv8 revaluation date. Depreciation is charyed by annual instalments eslimaled to write off their ￿)st less any residual value ovor the expected useful lives which equate to the following rates: Asset class Organ & Piano Fumilure & Fitws Freehold and Leasehold Land a￿1 BulldirKJs Depreclalion mothod and rats straight Nne basL8 over 25 years straight ling basis over 5 year8 None Fixed assets are subject to revlew for impairment when there is an indicati?n of a redudion In their c8rrwng value. Any Impalrmenl 18 re￿nised in the year In which 11 occurs in Ihe corresponding Statsment of Flnancial Activitias category. Investrnents Investments are included In the balance sheet at their market valu8 al the year end. Unrealtsed gains and losses arising from changing market value are [r￿luded In other reserves. Fund ¥5tnt¢tur8 The fund8 h8kl by tha charitable company f811 Into the followiro c8tegorfes.' Unrnstrleted Incomo lund8 - fvnds whhth can be used in accordance wmh Ihe charflable objects at the dis¢relion of the trustees. Re8trictsd in¢ome funds - funds Ihal can only be used for B particular purpose wilhin the objects of the charitable company. Restrictions arise when specifiod by a donor or when funds Bre rai8ed for a parucular restricted purpose. Other reseNe8 - wmulallve effect of revaluations of freehold land and buildings and other investments up to the dato of Irdnsltkjn. The funds are not distributab￿. Dobtor8 Trade and olher debtors that ar& rece(vable wrthln on8 year and do not constfiute a financing transaction are recorded at lh& undiscounted amount expected to be received. net of impairment. Thosè Ihat are ra￿1Vable after more than one year or that constitute a financing tr8nsaction are recorded Inltlalty at fair value less transaction costs and subsaquenlly at amortrsed cost, nel of impaimient. Page 21 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Cash at bank and In hand Cash and cash equFval8nts comprfs8 ¢ash ort hand and call deposits. and other short-t6mi highty liquld Investments that are Teadity convertible to a known amount of trdsh and are subject to an insigntficant risk of change in value. Credltors Creditors are recagnised where the charity has a present obligation resuiting from a past event that will probabty result in the transfer of funds to a third paty and the amount due lo settle the obligation can b8 measured or eslimat8d r81iabty. Cr8dilors and provisions are nomalty recognis8d at their settlement amount after aliowirva for any trade discounts du&. Concessionary loans The charltable company quallfies as 8 public benefft entity under FRS 102 and has ¢hos8n lo aco)unt for concessionary loans received uslng the accounting treatment s8t out in paragraphs PBE34.90 10 PBE34.97 of FRS102. In consequertce, concessionary bans received are initialty me8sured al the amount recelved and recognised as a liab￿ty in the baL4nce sheet. In subsequent years, the carrwng amount of COn￿SSIonary loans re￿iVed are adjusted to reftect any accrued interest payable. Conces8ionary knans are wesented separately bthe8n amounts ropayBbl8 within one ye8r and amounts repayab￿ after more than one year. Taxatlon The ¢harilable company is a charrty wthin the definitlon of section 467 Corporatkjn Tax Act 2010 and Os thorefore able to tske advantage of the oxemplion8 given by sections 485 and 486 of that Act. Accordirvdly. there Is no Corporation Tax charge in these accounts. Pen$lon$ The charitable (xjmpany ￿)ntribut&S into a defined contsrbutlon penslon scheme for staff who are not Members of the Church of EngL4nd FurKled Pensron Scheme for sti￿ndIary C￿rgY. For defined o)nlribution schemes the amount charged to the Statement of Financ￿1 Actniilies rep￿ents tha contrlbuttons payBbl8 In lh8 y6ar. The charilable wmpany participates in the Church of England Funded Pension Scheme for stipendiary clergy for staff WIK) are members of thi8 scheme. This is considered to bè a multi-empk)yer scheme as described in Section 28 of FRS 102. This means it is not Possible for the charitable company to idenlffti its share of the Under￿￿j assets and liabifities in the sch&m8 on a conslstgnt arKI reasonabl8 basls. In accordance wrlh Charities SORP (FRS 102). the charitable company acthunts for tts conmbutlon to the scheme as If it were a Llefined contrlbutlon scheme. Any contributions payable relating to funding of a scheme daficit are included as a liability on the 8alan Sheet and charged to the Statemenl of Finanual Activities. Flnanclal Instruments The charfty onty has financial assets and financial liabilities of a kind that qualify as basic financial inst￿ments. Basic financial instruments are initlalty recognised at transaction value and subsequenlly measured at thoir settl8m8nt value. Page 22 ST JOHN'S DOWNSHIRE HILL NOTES TO THE AccoU￿rS FOR THE YEAR ENDED 31 AUGUST 2025 2 Income from donations and legacles Unrestrlct•d Total 2025 Restrictsd Total 2024 Donations and legacies,. Donations from iThJNiduals Gift aid redaimed 486,581 75.864 11,209 497,790 75,864 433.228 70,640 503,868 562,445 11.209 In(x)mo from thnations and legacies In 2024 was unreslricted. 573.654 3 Income from other tradlng activities Unrestrfcted Restrlctad Total 2025 Total 2024 Bookstall Ter￿nCle$ Buildlng hlre Other activfy income Profft on disposal of tangible fixed assets 10.165 9,500 27,328 11 24.816 8,991 18,434 10.165 9.500 27,328 160,722 207,715 In￿)me from other trading activibes In 2024 was unrestricted. 160,722 207,715 52.252 4 Investment income UnMstri¢ted Restricted Totsl 2025 Totsl 2024 Bank interest recefvable DwhJend8 received from listed Invesknwts 6.682 6,682 1.862 46 46 133 6.728 6.728 1,995 Investment incoma for 2024 was unrestrtcted. Page 23 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 5 Activlties in furtherance of the Charltys objectivas Unrestrlctsd General Rostrictsd 2025 2024 D¢natlons made.. Crosslinks- The Aranzullas Wycliffe UK. Ltd.- The Lowrys WEC Int8malional- The Pachts Crosslinks- The Milkrs Open Doors Poter Mukungl- Lrving Costs Oak Hill Collage ShIM￿U$- JCL London Qporalion Moblllsation Sl. Clements Church- Thg Jumps London City Misslon Other donations of £150 and under 3,0(X) 3,600 3,000 3,000 6,3 3,0 3,600 3,000 3,000 6.300 7,800 4,200 3,000 3.000 3,000 1.200 7.000 5.000 3,1)00 7,000 9,OC 4,800 7,000 9,000 4,800 3.000 6,000 3,000 6,000 3.000 6.000 649 49.349 Church activlties". Occasional wents Utilities Insuran Cleaning materials & refuse collection Cleaning Bookstall Repairs & renewals Regular events 49.349 47,108 6,604 48,707 5,524 6,883 13,487 48,707 5,524 35,211 37,993 9,195 421 9.496 282 166.736 9,713 247.483 421 9.496 282 166,736 9,713 116 9.568 6,287 11,333 110.591 Staff GO8ts: Stsff remuneraknn Staff housing Staff training Other stsff expenses 254.366 202,132 93,282 4.868 6.411 306,693 603,525 202,132 93.282 4.868 6.411 192,908 96.124 3.549 4,806 297.387 455,086 306,693 610.408 Paga 24 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 All expendiiure on activlues in furtherance of the charivs oblects in 2025 and 2024 was unrestrlcted. 6 Governance and support costs 2025 2024 Unrestrlcted R•strlcted Audit f8e Professtsnal fees Bank charges Postsge, stationery and othgr office costs Telephone & Intemet Payroll software support & compLrt&r gxpenses TV Ucence Depreciation Total Total 6,600 5.496 230 6,600 5,496 230 5.1S) 6,021 187 7.428 537 7.428 537 8,286 2,238 1.707 1,707 6,975 159 6,674 6.975 28,973 28.973 30,679 )vemanc8 costs in 2024 wer& unrestdctgd. 7 Net Incoming l (outgoing) resources Net incoming I loutgoingl resources are staled 8fter charging." 2025 2024 Depreciatlon Audit fees Other non4udlt servlces provlded by the auditor 6.975 4,800 1.800 6,674 4,2(K) 950 Page 25 ST JOHN'S DOWNSHIRE HILL NOTES TOTHEACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 8 Staff costs staff costs were as follow8.' 2025 2024 Salaries Social $e(JJrity costs Stsff pensions 164,227 11,178 26.727 202,132 153,518 10,942 28,448 192,908 The average number of employees during the year was as follows.. 2025 No 2024 No Minislerial G0￿ManCe No employ8e re￿IVed emoluments of more than £60,000 during the current and prior year. 9 Trustees remuneratlon & related party transactlons The twslees were not paid or re￿IVed any oth8r banefits from 8mpioyrnenl the ch8ritable company during the year (2024.. £nill neither wer& they reirnbursed expenses during tho year12024.' £nill. No charty trnslee recgived payment for professional or other 8eNices supplied to the oharltable company {2024: £nil). 10 Auditors. remuneration 2025 2024 Audit of th& ffnancial slatemonls 6,6C 5,150 Page 26 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS . FOR THE YEAR ENDED 31 AUGUST 2025 11 Tangible fjxed assets Freehold Land and Bulldlngs Lea8•hold Land & Bulldings Organ & Piano Furnlture & Fittlng5 Total C08t At 1 September 2024 Additions Disposals Al 31 August 2025 Depreciatlon At 1 September 2024 Charge for the year At 31 August 2025 Nèt book valuo 5.638.071 1.035,019 36,907 93,306 6,803.303 3,012 3,012 379,808 96.318 6 426.507 379.808 5.638,071 655,211 36.907 25,292 1,476 87.052 5,499 112.344 6,975 26.768 92,551 119,319 At 31 August 2025 At 31 August 2024 5,638,071 655.211 10.139 3.767 6 307.188 6,254 6.690,959 5,638.071 1,035,019 11,615 st John's Oownshire Hill owns the freehold of the followlng properties: the church building. (st John's Church, Downshire Hill. Hampskad, NW3 INUI,. 64 Pilgrims Lone. NW3 1SN" and. 88 Upper P8tk Road. NW3 2UJ. Si John's Downshlro Hnl owns the ￿Sehold of Flat 20, South End Close, NW3 2RB and Flat 19. Parliament Court, NW3 2TS. On 11 December 2024, St John's Downshire Hill sold the leasehold propety Flat 20. South End Close, NW3 2RB for £555,000. The charitablo companys fre8hokl and18asehold properties are slated at CKJ8t. Page 27 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 12 Investments 2025 2024 M8rk81 value at 1 September Unrealised gain Market value al 31 August 2,624 251 2,386 238 2,875 2,624 The investsnents a￿ represented by 1,192 (2024.. 1.1921 shares in Vodafone and 57 (2024.. 571 shares in Vervzon. These have been $hown at their market value at the yearond. 13 Debtors 2025 2024 Trade debtors Other debtors Prepayments 76.498 88 53,838 130.424 42,037 88 146,856 188,981 14 Creditors. amounts falllng due wlthln one year 2025 2024 Other credllors Accruals 26.95S 5.500 86.511 10,322 96,833 32.455 15 Amounts falling due after more than one year 2025 2024 Concessionary h)ans 164.000 194,000 The above concessionary loans 8re interest free and repayable on 24 months, written nollc8 from the nder. The loan18 secured on the prop8ty kn¢)wn as.. 88 Upper pa￿ Road, London NW3 2UJ. Page 28 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 16 Analysis of net assets between funds Y•ar 8nded 31 August 2025 Unrèstrletsd General R•￿riGt8d Total funds Fixed assets Investments Curtenl assets Current liabilrttes Creditors over l yoar Tolal net assets 5,605,521 2,875 710,613 132,4551 164,l￿10 701,667 6,307,188 2,875 714,939 (32.4551 164,￿0 4,326 6.122.554 705,993 6.828,547 Year end•d 31 August 2024 Unr•$tricted G•neral Restrlcted Totsl funds Fixed Assets Investments Current assets Current Ilabllibes Creditors over 1 year Total net assets 5,989,292 2,624 276,831 196,8331 194,000 701.667 6,690,959 2,624 276,831 {96.8331 194,000 6.679,581 5 977,914 701.667 PAge 29 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 17 Funds Olher Balance at Incomlng Resource$ recognlsed Balance at 1 S•p 2024 resources expended galnsl(Ios8es) 31 Aug 2025 Unrestrlcted General reserve Other reserves 5,795,910 182,004 5.977,914 776,888 (632,498) 5,940,300 182,254 6.122,554 250 776.888 632.498 Rostrictsd Freehold Properttes Camino Mission 701,667 11,209 701.667 4.326 6.883 Total restricted 701667 11.209 6,883 705,993 Totsl lund8 6,679,581 788,097 639,381 250 6 828,547 Balance at Incomlng Outgoing Invostm&nt Balance at 1 Sep 2023 resourcos r88ources galnl{l0$9) 31 Aug 2024 Year endèd 31 August 2024 Restrlctèd funds Unrestricted fun General reserye OtherreseNe$ 701,667 701,667 5,723.560 181.786 S58,115 (485.765) 5,795.910 182,¢304 238 Total fvnds 6.606.993 558.115 485,765 238 6.679,581 R•strlctsd funds Freehold properties represent the ojst purchased using capltal appeal donatk)ns. Camino Mlssron Trip rs a team from SJDH serving at La Fuenle del Peregrino - one of the hostef8 on the pilgrimage roule to Santiago de Compostela. They are there to make Jesus kno￿ by offering hospitalrty to pikjrims, encouraging them on their ioumey. Ilstening to their 8tories. 8ngaging in spiritual conversallons, and hosting some pllgrims ovemighl, by provldlng dinner and accommodallon. Unrestricted Funds Gengral resoM- represents the Yree reserve, whlch is used to provlde working capital and to finance tt)e daTrtc￿day aclwilies of the charitable company. Oth8rResewes- represent unrealised galns on revalLWtion of the charitable CoMpan￿S assets. Page 30 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 18 Pension schemes al Dgflned contrlbutlon pgn$lon scheme The charSty operates a deffned c￿l￿bUtf0n pension scheme for its non-ordained Staff. The pension C08t of £13.821 (2024.. £14,362) was charged to Statemgnl of Financial Aetmties. There wera no 0uttstsr￿Ir0 ￿ntributionS payable to the schem8 al the year end12024: £nill bl Oth•r p•nslon schemes accounted for as dofined contrfbutlon pension schem&$ St John's Downshlre Hill partiopates in the Church of England Funded Pension Scheme for stipendiary dergy for ￿ members (2024.. Iwo members). Thls scheme Is admlnistered by the Church of England Pensiorts Board. whlch ￿ldS the assets of the schem8 separately from those of tho Responsible BIKlies. Each partrcipating Responsible Body in the Church of England Funded Pensions Stheme pay8 contriblrtions at a common contribution rate applied lo pensionable stipends. The soheme is consrdered to b8 a multiv8mpk)yer scheme as desuibed in Section 28 of FRS 102. It Is not p085ible lo attribute the Scheme's assets and liabilities to each spectfic Responsible Body, and thrs means contributlons ar8 accounted for as rf the Scheme were a d&fined contribution scheme. The pensions costs charged to the SOFA In th8 year are contributions payable towards ben8frts and expenses accrued In that year, which were £12,840 (2024: £13,687). plus any figures arlslng from contributions in respoct of any Scheme deficrt. Contrlbuth)ns tot811ing £Nil were payable lo the scheme at the year*nd12024.' £Nill. Page 31 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 A valuatlon of the Scheme carried out once every three yoars. The 2021 valuation showed tho Scheme to be fvlly funded. The most recent Scheme valuation completed was carried OLrt at as 31 December 2024, and also showed tha Scheme tr) be fully funded,. as such in 2025, the deficit ntributlons pald were £0 {2024: £01. The December 2024 valuation revealed a surplus of £560m, based on assets of £2,570m 8nd lunding target of £2,010m, assessed using the followng assumptlons: . An average discount rale of 6.OVt pa., RPI inllation of 3.4Vts pa {8nd pension incTeases conslstent with this)-. CPIH Inflallon In Iln8 with RPI less 0.7% pa pre 2030 movirKJ to RPI with no adjustment from 2030 onwards.. Increase in pensionab￿ stipends In lino CPIH. Mortality in accordance with 90% of the S4NA L tab￿5. with alk)wance for improvements in mortality rates from 2017 in line with the CM12023 exter￿ed model with a long temi annual rate of improvement of 1.5%, a smoothing parameter of 7, an initial addrtion lo mortalrty improv8ments of 0.5% pa and an allowan￿ for 2020 and 2021 data of20% (1.8. w= 20%). The 2024 valuation refle¢ts the beneffl Improvements that the General Synod agreed in prtnciple in Juty 2025 (and confimied in February 20261. S8Ctlon 28.11A of FRS 102 raquires agr8ed deffclt recovery payThents to be recognised as a liabS11ty. However, as there were no deficit recovery payments from 1 January 2023 orwards, the balance $he81 liabllty as al 31 December 2024 and 310ecember 2025 is nll. The movement in the balance sheet liabiltty over 2024 and over 2025 is set out in the lable beknv. 2025 2024 Balance sheet liabS1ity at 1 January DefiGit contdbution paid Interest cost I[￿OgnISed In SOFA) Remaining change to th8 balance Sheet liabili (recognised In SOFA) Balance sheet liability at 31 December ComprKses ch8nge in agreed deficit recovery plan, and chonge in discount rale and inflation assumptions belween ye8r-ends. The legal strudur8 of the schgme is such that H another Responsible B(￿ falls. St John's Down5hlre Hill could become responslble for paying a shar8 of that Responsible BOd￿S pension liabllilies. Page 32 ST JOHN'S DOWNSHIRE HILL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 19 Status The company is 8 th8ritable company limited by guarantee and Consequent￿ doos not have share capitsl. Each of the members is liab￿ to contribute an amount not exceeding £1 towards the assgts of the company In the event of liquidation. 20 Events after the financial perfod There have b8gn no slgnificant events bO￿8n Ihe year end and the da18 of approval of th858 financial statements which Y￿ul￿ require a change to, or a dlsdosure in. the flnanclal Ststem8r￿. Page 33