ST JOHN'S LICHFIELO
IA Charitable Incorporated Organisation)
REGISTERED CHARITY NUMBER 1155998
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Oains Audit Ltd
Chartered Aceountants
2 Chamberlain Square
Paradise Clrcus
Birmingham
B3 3AX

ST JOHN'S LICHFIELD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGE
Annual Report
Report of the Auditors
Statement of Financi81 Activities
10
Balance Sheet
Slalemenl of Cash Flows
12
Notes to the Accounts
13-20

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Reference and administrative information
The Charity is a charitable incorporated organisalion and is Tegislered with the Charity Commission
under charity registration number 1155998. 11 is governed by an amended Conslilulion adopted on
the 2nd March 2021 as amended by a resolution passed on 30th May 2024
The Charity's principal office is located al
Si John's Hospital
Sl John Street
Lichfield
Staffs
WS13 6PB
Website".
www.st.ohnslichfield.or
The Board of Trustees can comprise up lo 10 appointed trustees, who are elected by the Board, and
2 nominated Iruslees, who are appointed respectively by the President and the Chapter of the
Cathedral Church of Lichfield.
President..
The Bishop of Lichfield
Trustees..
The Charity Iruslees who have served during the financial year and up to the date of this report
lincluding those who have retired during the yearl are listed below.
RBKOyott
N Argusl
C P Killo
Mrs G Cox
Mrs K A Duncan-Brown
S R James
Mrs L Lockwood
L Robertson
rs S Sharpe
A D Thompson
Revd E A Wall
Chairman Iwilh effect from 281h November 20241
Vice-chairman and Chapter's nominated Iruslee
Retired 1 Trh October 2025
Appointed 29th November 2024
Retired 8th October 2025
President's nominated Iruslee
There are currently 9 trustees.
To better manage the affairs of the Charity the Trustees operate the following commillees which
report regLJlarly to the Trustee Board, which meets approximately every 2 months.
Finance and General Purposes IF&GPI=
R.B.K. Dyott Ichairmanl
N. Argusl (Vice chairmanl
C. P. Killo
The Reverend E.A. Wall
S R James

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Reference and administrative information Iconlinuedl
Appointment of Residents..
Mr N Argusl (Chairman)
R B K Dyoll IEx-Officiol
Mrs K.A. Duncan Brown Irelired 171h October 2025)
Mrs G Cox
Mrs S. Sharpe
Mr L Robertson
Mr S R Jame5 (from 17th October 2025)
Gardens and Grounds-
Mrs L. Lockwood (Chairman)
Mrs S. Sharpe
C.P. Killo
In addition, ad hoc working groups are formed lo deal with specific matters which cannot be
Conveniently or effectively considered al a main meeting of the Board, or in F&GP or other formal
committee meetings.
The Charity s main advisers are as follows..
Principal Bankers..
CAF Bank Limited
25, Kings Hill Avenue.
Kings Hill,
Wesl Malling,
Kent
KT19 4JQ
Registered Audltors..
Dains Audit Limited
2 Chamberlain Square
Paradise Circus
Birmingham
B3 3AX
Investment Advisers..
RBC Brewin Dolphin Ltd
The Chalwin Building
81 Colmore Row
Birmingham
B3 2AP
Solicltors..
Ansons Solicitors Ltd
St. Mary's Chambers
Breadmarkel Street
Lichfield
WS13 6LQ
Propgrty advisers
And Land Agents..
Bagshaws LLP
69 Derby Road
Ulloxeler
Staffs
ST14 8E

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Key personnel..
Revd S Greensmilh (Master until 30th April 20251
Revé Prebendary A Stead (Master from 11 Ih
December.20251
Mrs J Bostock- Bursar
Miss W Smith- Office manager
Report of the Trustees for the year ended 30 June 2025
The Trustees present their annual report and financial slalemenls for the year ended 30 June 2025.
The financial slalements have been prepared in accordance with the accounting policies set out in note
1 to the accounts and comply with the governing document, the Charities Act 2011 and Accounting and
Report￿ng 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 effective 1 January 2019.
STRUCTURE GOVERNANCE AND MANAGEMENT
History and Governing Document
The Charity's activities are governed by an amended constitution adopted on 2ThJ March 2021
{superseeing that of 12 September 20131 as amended by a resolution passed on 30th May 2024.
By virtue of a pre-merger vesting agreement éaled 1 September 2015, the unincorporated charity St
John's Hospital (registered charity number 2147841, transferred 118 assets lo St John's Lichfield.
Sl John's Hospital was re-founded in 1495 and was governed by a Charity Commission Scheme dated
the 8 January 1976 as varied and affected by furtheT Schemes dated the 25 May 1983, 16 September
1997 and 26 September 2014 and as amended by resolutions dated 3 May 2007 and 3 November
2011.
The objects of the Charity are lo provide and maintain almshouse accommodation for beneficiaries
living in the Diocese of Lichfield, to provide such benefits for the residents as the Trustees decide and
to make provision for the relief of those in need within the Diocese.
To qualify for appointment lo almshouse accommodation beneficiaries must be poor persons of good
character who are in need.
The Charity does not actively fundraise, bul lo fulfil its objectives relies on weekly maintenance
contributions from residents and the careful stewardship of ils investment properties and portfolio of
stocks and shares.
Recruitment and Appointment of Trustees
The constitution provides for a maximum of 12 Trustees of whom 10 are elected by the Board, by
resolution at a meeting of the Board, and 2 are nominated,. one by the President and one by the Chapter
of the Cathedral Church of Lichfield. All Trustees Iwhether elected or nominated) are normally
appointed lo serve for a period of 4 years. In selecting individuals for appointment as charity Iruslees.
the skills, knowledge and experience needed for the effective adminislralion of the CIO are taken into
consideolion.
The Trustees are continuing their efforts lo make further appointments lo enhance the skillsel of the
Board.
Trustee Induction and Tralnlng
A pro forma information sheet is provided lo nominating bodies prior lo an appoinlmenl. The induction
process for a newly appointed Iruslee comprises of an initial meeting with the Bursar at which an
information pack including copies of the current version of the governing document, the most recent
annual report and accounts, minutes of Trustees. meetings held in the previous 12 months and the
Charity Commission Guidance "The Essential Trustee.. what you need to know" is provided.

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
As pert of the training programme Trustees are encouraged lo attend seminars and training sessions
provided by the Almshouse Association IAAI of which the charity is a member. The AA provides
information on good practice and changes in the law affecting almshouse charilies, and acts as an
authority to lobby the Government and Regulators on behaK of almshouse charities.
Organisation
The Trustees meet regularly throughout the year lo consider the Charlly 8 affairs and ils strategy , which
includes consideration of grant making, investments, reserves, risk management policies and
performance. In addition, the Trustees hold strategic plannlng days from time lo lime lo consider
particular initialives and challenges.
Key management personnel
The Board of Trustees is responsible for the overall strategic direction of the Charity and for ensuring
that the key management personnel, namely the Master, the Bursar and the Office Manager, implement
the agreed strategy and conduct the Charity s operations in the most effective way, complying with all
laws and regulations in a manner consislenl with best practice.
The Trustees give of their time freely and no Iruslee remuneration or expenses were paid during the
year.
The Trustees are required lo disclose all relevant interests and register them with the Bursar and, in
accordance with the Charity s conslilulion, withdraw from decisions where a conflict of interest arises.
The Master is responsible for overseeing the welfare of residents and the execution of the duties as
chaplain. The role of Master is al the heart of the community al St John's. The Master is required lo be
a priest in Holy Orders, is licensed by the Bishop of Lichfield and Is paid a Stipend al the same rale pro
rata as all other Anglican priests within the Diocese of Lichfield. Al the end of April, the Revd Sharon
Greensmilh resigned as Master al which point the Trustees reviewed the position and decided that the
circumstances no longer justified a fLJlI time appointment. The Trustees were pleased lo appoint the
Revd Prebendary Andrew Stead on a part lime basis with effect from 11 December 2025.
The Bursar 15 employed on a part lime basis and works closely with the Chairman and Vice-Ch8irman.
She is responsible for the day to day management of the Charity assisted by the full lime Office Manager
whose responsibility includes adminislralion and the day lo day liaison with residents, trustees, staff
and visitors. Remuneration for both posts is based on similar roles within the locality and is reviewed
annually.
Risk Management
The Trustees have a risk management strategy which comprises..
a wrillen risk analysis.,
an annual review of the analysis.,
the establishment of systems and procedures lo mitigate those risks identified in the analysis.,
and
the implementslion of procedures designed lo minimise any potential impact on the Charity
should those risks malerialise.
Mallers addressed ir¢clude'.
investment management where the risks have been ameliorated by appointing external Fund
Managers to manage a portfolio of diverse investments designed to provide a balance between
capital growth and income,.
management of the portfolio of agricultural land through a retained firm of Land
Agenlslsurveyors, who carry out regular reviews and inspections lo ensure that the land and
buildings are maintained in good condition.,
the condition of the almshouse buildings and grounds through a firm of Architects with expertise
in dealing with Grade 1 listed buildings, who carry out quinouennial reviews and annual
inspections lo ensure that the buildings and grounds are maintained in good condition,.
a comprehensive review of Fire Risk and Health & Safety al Work.,
a review of Financial Procedures.,

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
an annual review of Conflicts of Inleresl., and
a complaints review and self-assessmenl
Objedives and Activities for the Public Benefit
The objects of the charity, as provided for by the constitution, are..
the provision and maintenance of almshouse housing accommodation for beneficiaries and of
any Chapel allached Iherelo.,
such charitable purposes for the benefit of the residents leilher generally or individually) as the
charity Iruslees decide,. an
the relief of beneficiaries (either generally or individually) by making grants of money or
providing or paying for items, services or facilities calculated to relieve the need of such
persons.
The almshouses are located on two separate siles in Lichfield known as Sl John's wilhoul the Barrs
and St. John's within the Close. Sl John's wilhoul the Barrs contains 30 apartments. St John's within
the Close consists of 4 studio apartments and 8 apartments.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on public benefit and have complied with their duties under the Charities Act 2011.
Since ils re-foundalion in 1495, Sl John's has existed for the public benefit of the citizens of Lichfield
and the Diocese of Lichfield. Originally offering sanctuary lo just 'lhirteen honest poor men. and a
refuge for Iravellers who were 'wilhoul the 88rrs of the City il has consisterTrtly provided Christian
support lo those in need and al the year*nd il housed 48 residents.
All persons resident in the Diocese of Lichfield are welcome lo apply for accommodation as vacancies
arise and the Trustees strive to make life increasingly comfortable for meTnbers of the St John's
community. Sl John's Wilhoul the Barrs, which is a Grade 1 listed sile, welcomes visitors lo its Chapel.
The Charity benefits from a stable community for ils independent living accommodation an(1 there is
always a high level of demand when apartments become available. Residents are encouraged lo act
as 'good neighbours, lo each other and enjoy the benefits of living in a safe and secure community and
a calm and peaceful environment in the heart of Lichfield. The Chapel is al the centre of community lrfe
with daily prayers and weekly Eucharistic services for those who wish to allend when the congregation
omprises not only residents bul also other people. often living close to the Chapel.
Review of the year
Work during the year has continued lo focus on the on-going Programme to ensure that all
accommodation reaches the high standard achieved in the new almshouses, which were completed to
Passivhaus standards in the year lo 2018.
This work has focussed on the refurbishment of three apartments at St John's wilhoul the Barrs and
the completion of work to the plumbing and pipework servicing the laundry room at Sl John's within the
Close. The lolal cost of these works amounted lo £56,000. Other subslanlial work included repairs lo
lrfts and the five yearly fixed electrical lesling for all buildings.
Remedial works lo a section of a boundary wall al Sl John's without the Barrs, agreed during the
financial year, have been carried out post the year end.
St John's has welcomed 8 new residents lo the community during the period. Residents have also
enjoyed the annual Palronal festival held lo celebrate the festival of St John the Baptist held on the 241h
June each year.
The Charity continues lo manage its three investment agricultural holdings. Following the death of the
lenanl in February 2024 a notice lo terminate the tenancy of one holding was served upon his executor
in March 2024. The Charity negotiated an early surrender of the holding plus a substantial dilapidation
payment and re-lel il on a farm business tenancy from September 2024 al an increased rent.

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The Trustees have also liaised with Lichfield Sports Club to permit an extension lo the pavilion lo be
built lo provide additional changing facilities and operational premises for Libety Jamboree {a local
registered charity supporting children 2nd young people with learning andlor physical disabilities and
other needs).
FINANCIAL REVIEW
Policy and Performance
In addition lo weekly maintenance contributions from residents, the Charity derives ils income from its
portfolio of investments and various property holdings. The property holdings are managed by the
Trustees, who lake appropriate professional advice. The investment portfolio is managed by external
fund managers on a discretionary basis, whose brief is to seek capital growth to maintain the real value
of the funds in their hands while providing an annual income lo help maintain facilities within the
almshouses. The fund managers pursue a moderate risk investment policy and maintain a diversified
portfolio through a combination of UK Government or other high-qualily fixed interest stocks, and good
quality investments, e.g. FTSE 100 Stocks in the UK ané major overseas markets.
The Trustees, investment policy requires that the charity's assets be invested in line with its objects
though the Trustees do not adopt an exclusionary policy, bul individual investments are lo be excluded
if perceived to conflict with the Charity's purpose.
Despite heightened market volatility driven by uncertainty surrounding US trade policy, particularly
tariffs, and concerns over persistently high inflation keeping interest rates in reslriclive territory, the
porttolio delivered positive returns. Over the last financial year, the portfolio achieved a positive total
return of 4.89'1o (after fees). outperforming the Asset Risk Consultants (ARC} Steady Growth index,
which returned 4.17°h. The ARC Index, comprising over 5.000 charity portfolios managed by 35 drfferenl
investment managers, serves as a robust benchmark for comparing performance against peers with a
similar level of investment risk. This was all supported by a broader market trend of declining interest
rates.
Reservgs Policy
The Charity operates both a Cyclical Maintenance Fund and Extraordinsry Repairs Fund to ensure that
the proper maintenance and improvement lo the almshouses and the Chapel can continue on an annual
basis. Both funds are established out of the income of the charity and are entirely at the discretion on
the Trustees.
Charity funds al 30 June 2025 £18,231,988 lolalled £ 12024". £18,110,511] comprising permanent
endowment £14,989,75412024.. £14,854,486], restricted funds £193,53612024. £197,330], designated
fLJnds £147,30612024. £186,5001 and income funds £2,901.392 12024. £2.872,1951 (which includes
£2,710,497 of tangible fixed asselsl12024.. £2,732,894].
The Trustees have reviewed the Charity's needs for reseryes in line with the guidance issued by the
Charity Commission and have decided that il is appropriate lo maintain free reserves al a minimum of
£100,000, this being sufficient lo finance a minimum of 6 monlhs of expenditure, should income be
compromised. Al 301hJune 2025 the free reserves element in the income fund amounted lo
£230,377. This amount is thought lo be prudent given the current balance in the designated funds. The
free resetve will be used lo fund cyclical repairs from the income account in 202512026 to aid the
rebuilding of the designated reserves lo a more acceptable level
Complaints review
No complaints were received during the year. The Trustees, Complaints Policy is compliant with the
Housing Ombudsman's Code of Conduct.
Plans for the Future
The ongoing progratnme of replacing and upgrading lo provide fully accessible bathrooms and modern
kitchens will continue.
The Trustees have agreed lo retain the land adIa￿nI lo the almshouses al Si John's wilhoul the Barfs
with a view to redeveloping il lo provide further almshouse accommodation and facilities.

ST JOHN'S LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees are responsible for preparing the Trustees, Annual 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 lo prepare financial slalemenls
for each financial year which give a true and fair view of the stale of affairs of the charity and of the
income and expenditure i)f the charity for that period. In preparing these financial slalemenls, the
Trustees are required lo..
select suitable accounting policies and then apply thern consislenlly,.
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject lo any material
departures disclosed and explained in the financial slalements,. and
prepare the financial slalemenls on the going concern basis unless il is Inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping propeT accounting records that disclose with reasonable
accuracy al any lime the financial position of the charity and enable them lo ensure that the financial
slalemenls comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations and
the provisions of the conslilulion. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 29th January 2026 and signed on their behalf by..
RBKDyott
Chairman of Trustees

STJOHpfs LICHFIELD
Independent Audltor's Report to the St John's Llchfield
Opinion
We haVe8￿rt￿l $tstWn￿ts trfStJohn's (the th8rity'lforthÉ year￿d￿ ￿ June 2025 whKth fxxnpris&tr)8 siatemwl of Fin8naa Athfjb&s.
the BaL9nce Sheet and wlesb thefin8￿1aI str1￿￿ts, inrludin9svjnnl￿nlaQ￿un￿ro ￿li¢jeS. Thefinanrial reportin9fBfflwk ih81 hasbeen 2ppli& in tr*
preparabon is aPp￿table law and Ufiil&S AitsuntK￿ Standards, indudiw Fw)ana81 Standarj 102 Tho fin8nci81ReWt￿Ystsn￿￿d8pp*G8h
It* UKwdRepublic ofIrel￿d1Unit￿ ￿n￿oM Generally PrJctKel.
ouropinKn Lhefirwro4 statwnents..
gvea twe¥nd taYwiewofthestaleofthecl%¥riV5afraiE as¥1 30June2025. and ofts ¥ioxvning ap￿￿Zti￿ ofr850urw trthding its
inrJ)ne 8nd expendI￿re, fortr* Y￿9rth￿ ￿dfyy..
fovebeen prop&ty prepar&fj in 8(xfjrdan(*vAU) Unil&J lQrgdom C*rErallyAtte¥ted knounb'ng PractLe', a
h8vÈb*n Prep2r￿ In artsrdanr*KiU) the reqU1￿ma)ts0fthech8ritie$Att2o1l.
Basls foropinion
We ￿ndUCt￿l wraudil In aoxrdancewith 1ntemab.onal Stsndards on ALhJitinglUKI IISA8lUKl}￿d ap￿1¢at￿e1SW. Ourresp)Mbilityes underlhosestsndards
srefutherdesc￿bÉd in the￿dI10￿$ responsibil￿e$ forlhe Èu(kni ofthef¥)antial sktemÉntssÉtton 0f￿rr￿[l Weare indep8nd￿ttsfthe charity in
VAU) O)8elhitsl WuireM￿￿1hata￿ rewanttoouraudrt oflhe fina￿al Stat￿erts In the UK. indu(liry the FRC'S Ethic¥l Stsnd8rtl. we have1uffill￿ our
oth¥ethi¢21 r8SpOn&b￿ts8s in 8(%£￿a￿a￿d) d)8se r￿UIr￿n￿￿. W8 bdi8vethaitheaudlithfjd￿c￿w@ h8V&obkln￿ Is SLrffioentarQ appropriateto prowd8
bags forour(¥ynh
Conclusions r•laUng to golng conc8m
In auditinglhefinanrAal stal￿Ner￿,we hwrfe(x)rKILKJ&l thaIttEln￿le2s. ofthe yxng(XKK%m bas￿ ofaEwunb'ng n the wepardtiwofthe financid
sknrents ￿ approp￿te.
lon thewoth we haVepwfwll￿J. wehave Th)tIdentifi￿ any material urKertaintie5 rektiw to eVe￿ts0r￿￿dItiQ￿S that. indNrydually orcOlle(￿¥￿y, may(xst
signthontthubion Ih8thanVs 8ixltyto (mlnu88s 8 (X￿c￿n￿rf a p8KKlofatl8astts¥dv8 mcrths from Ih8fin8￿a Stat￿1￿nts dreaU￿ris￿f0r
issue.
rrewn$￿1theg and the ofthÈtruswwith r￿￿ttr>9)r& (xA￿m arèd8S(rritx¥J in ts rdevani 8thns oftris r8Wrt
Other Infomiatlon
The other intsnn8bon ts)mprfs* Iheinfomabon Includ￿ in the ￿te88 8nnual reptst. OU)wlhan thefin8nci81 slatw)8nts ￿raL￿t018 reF￿th￿￿.
Jstees are resFonsibleforthe otheritrfornation wntaIn￿ IheannuJ reKKWt. ￿￿O[￿￿K)n on thefinarKxal sts1￿￿￿ts doe5 rK)t(xwtheotrErlnfomatrJn
aNJ. ÈXC￿1 to the e%tenlotrEwseeWioty staled in our rewrt, dornl e￿ any fom of8ssLran￿ COnd￿lon thewn.
I￿rres[￿n$1biltyiS lo read Iheotrw Informatron 8nd, In so, Ixrnderthetherthe other inform3ti)n is maleTr81ty illcon&sknl ￿ltr}￿efin8n(l￿l Stsl¥n8nLs or
ou[kr￿(1)I81n￿5 in therthrse ofU)8 audit0rotherri8ea￿8arStO b8 malaialy missta￿. Ifweidenbfy surh m818n81 In0)ntisl￿tr8$ ￿apparEnt material
mk%Stslem￿ts. we are wuiwl to detwninewhetherthis give5 Trseto a ffltsial misstslwneni in IhÈfirÉn(ial st*￿￿￿th￿nSe￿. If. ba5a on thewcrfk we
have pthfom8d, we 0￿cludeb)alther8 Is a m81erial MISStat￿entofthis ottw wfam￿tiOn, we are rewir& kn repcrtthalfa¢
We have nothing to r4K)rtin rea￿.
Matters on which we are required to report by ex¢*ptlon
We have nothingto report in respeGt ￿1hef01l￿r￿ tnaltets ￿ rdation b whKth the tharib'es IAoxx)untsarMI Rew)Tbl RvJubb￿s rwuire us to rep)rttoy
rf, In ourwnw)n'.
the infom8tioTTrg￿8n in thefinandal stattrnents is In￿siS1enl h any matsrial the tNsts*' rep)rt or
thechslty has not keptadequateamnting rewrds.. or
thefinants81 stat&iientsar8 noiin aw88mentwith the 8ts>Juntng r￿ordS and r8turrE,'
wÈhave not r*&4￿181 theinfomiation and expL9nat￿ts we requireforoLraudit
Responsibilities of trustees
As expL91n￿ mor8 fiJ￿Y In thetwsle8s' raSp)n￿￿.11￿aS stateMentset￿t0n pgJe7. the￿SleeS are r&Spw￿ble￿rthe pr8paral*)n ofthefinarKxal $￿t￿￿tsar￿1
forbeiry Satisfi￿1hatth£Yglve a trueand f3irw&v, and iniÈmal thntro] asthetsustÉ&8detenrine i%n8L*ssarytoénatAetheprepardtion offinantsal
StsleM￿ts th818re freefrcm matgial mlsstslem￿tt whetherduetofraud orwyx.
In preparin9 kneffinano￿ ststhents. #E tyu5tee5 are rewsibiefor35sesgnglhe(*HTity's8tNltyto(x)ntinuE as a g(xn9(xxw, drsdowry, as applIob￿.
m8tters 109tyry and using trE g)Ing th)n￿ bas￿ ofawjuntin9urltssthe￿$te￿s InteThJ kn I￿lIdate￿echarity0r to ceaseopprdbons. or
Iwve no real1th41￿￿￿tVe buttr>do ￿.
Audltorfs responsibilities forthe audit of the financial statements
We hav8 been as audit0runders￿ti0n 144 oftreChanb"8sAct2011 reF(rt¥i acLudance%Mth rg3ul**)nsmadeundwSè￿c￿ 154 oftrthA(t
I￿r cbiec*v8S 8re to obtsin reasonable aSsUran￿atsCxJtwhelh￿ ihefinanlial ststwnents as a vth(4e arefreefr(Kn malerol rnisstalwwtt ltheIherd￿ to fraud or
artr, and to issuean auditols rep)rtthal includ8sour0￿nl¢￿. R&gsonab18 8SSur8n￿ Is 8 hi9h level of assurance. bul Is not a gU8￿n￿& UTratan audit(vn(ILKI
n¥￿rdar￿e￿Ith Ists (UK}v￿lI ahvays de￿la tHa￿al misstatan￿1 when il exksts. Mi5StalarenLs a[￿e from fraud orerTDrarKS are considered Malen￿ If.
or the aggr￿ale, lhey￿Uld reasonably be exkEYXd to inffluen￿ i￿e￿￿nomiG￿eQi9￿5 of uSerstsk￿ on the bawsofthese finanu81 stsi*nenLs.
IwuLirib"es. indudin9fraud, areinstsnCesofrK)rkwm￿lan￿With L4ws and wu￿￿0￿5. Wedesign pr[￿￿￿re5 in lineth our restxX￿I1jllbe5, OULIn￿ above, to
d8t8ct Matetlalmi*tat•n￿ts in re5￿tOf11regL1ari*￿5. IrKIL￿ngfrath. TrteXt￿lb)I￿￿kn0ur prtt&L¥es are carotle0fdet￿tiry irwuL8rib8s, fK*Jding ftaud
det4ikd bdow..
the5w￿rStaI￿t0ry auditor etisured that the erwtrnentteam wl&bvdy had tr)e4)ycprotsuynw*tÉrth I2￿LI1￿.898fKjthllSt0 rwni5e
ap￿ra)￿laWS arKJ regulations..
we trE ￿and regulÈtions aKpii(*b18 to dipthssKJnswith buste88 2nd olhwman89*nÉnla￿TrOM
kn￿￿ge and eXp¥￿n(￿o11h8 tslarfty 88Ctr,
EfO￿Js￿ on SF*tJfiCla￿J may have a dIr￿lmaterial￿ffettcffi th&fi￿nraal o[theop￿*ns ofthe
thÈrity. indud1n9fir￿r￿l rerorbry legislaion, taxati)n leg4sbton, anb*nW. eM￿oI￿n￿lIand wv7rcnmatsl health and Sawleg￿atsOn".
%%eassess8d thè 8xtenlofcthmplianceMth Ih&L9wsandfryuL3bons above maknng ￿QuIne$ ofmanagem**aNJ Inspecti￿ I
(￿r&%￿nd8n(￿,. and
Id￿ed laAts and wUbl￿n5Were£¥JY￿ufUl￿￿ ¥￿th￿ittEa￿rttearn reJA8rtyaT￿ thetewn JwltoinstarwofnoTrwm￿￿￿nee
througmullheaudit
WeasstsÈed thesusLeptts"￿ty0f the tharity'sfinJKial stat¥n&its to rDthial irKknliry obtsining an undw5twKl¥vJ ofhowfraud mkjhtc￿r. by.
ma￿￿9￿9￿￿8(1Mana9em￿Ias to*there thwo)rtsbYered therewassuscepbblty tofraud. thyrkrnwl>Jgeofacluo1. Sus[•￿ 8NJ alleg*S
fraL¥J..
1x￿51derfry theintsrna t￿￿0￿1n tAaLEto mib'g*ttE ri5ksoffraLKI lawE arKI regubts￿S.
Page8

STJOHN'S UCHFIELD
Indepgndent Auditor's Report to the St John's Lichfield (Continued}
Toad(tre5s tre riskoffraud throu￿ managem￿ti￿a88￿ Ov&￿de ofthntrds, we".
andyb￿l prowlures to Klenbfy anyunusual orunexwled reL31K￿$hipS."
a59essed ffttherjudwwts and aSsUm￿￿n5 in dete￿1￿¥19 the esl¥nates setoulin nole 2 ￿tre i￿K3bve0f blas,.
V￿0.￿3￿ the r*I￿le behind s¥nffjo¥nlorunuwd tranwbons
In resp￿set0 the r￿k ofirre9ubntes and wnioMpbar￿e bws¥nd regubb.ons wed* W(￿lUreS￿￿1th irh*KlwJ. butwEre*￿t limit￿ to.,
8gwro finanL)al 8tal&n￿tdI￿￿8￿reSb th7J8tyro supwrln9dwJmentatioiL
ding theminut& 0fm6etrysofthoseth8rg&1￿th g0Vw￿nCe.'
enquinng ofm8nawenlastoar*ual and wt&)tial ltyaoon 8nd daims..
r818vantre9uL81ts5 and thethafty's I￿al ad￿SOr$.
Be£xusÈof h8 Inherenthmit8lonsof an ald￿ Ihers ts a tsk thalwewll notdet8ctall IrFwJlarfti8s. Includlngthoseleathngto a materw misstatgnentin Ihe
fnanoal str1￿￿￿15 OrnOrK￿￿￿l￿n¢elwth rewlation This r* inoxease5the morelhal urnpliarK2%Mth a Laworregulatian is rernwth frcm the 8Y8nls and
ban5actionsrel&ted i) the fi￿ncial stat&rents. aswewil bel&ss ￿kdY to tsxmeaware0f1nsian￿ ofnon4Jnpll8n￿. The risk isalsogreater reprding
iwLyrities (￿rring due to fraud rdtherthanettor, asfraud itwoPfft5 1ntenbtnal￿n￿fvenlfD￿ery. (XA1￿￿. tmissi(x)ortniwesentthn.
Abrtherdesc4ipb"tr) ofourr&￿￿￿bl1the8 is avail8trAeon Financial RwTbnoCourKxl'sweb%le ai.. h JlYhvw.frc.o
.ukjOur-WoMAudiVA￿lI-an
assuranc8SIAnrtards-3nd
IdanrAS*11daidE-an
for£u
Ilo@AudiloTrr
bil1ties-lor-a￿￿8
Thi5de5t￿pts"on foms partofour auditt*s repo
Use of OUT report
This madesrldytothe clkqnty.s￿steeS. a5 a ￿y. in wx¥y(f3ncewith Part4 oftheChanb"&s (A￿Unts8nd Reportsl Rwjulthrts 2(M)8. ￿rauditVnrk
has been undertaken SD thaiwe might Stste tothe d)aritystrusieesthose ma￿￿￿e are ￿UIred kn $12lÈto them in 8n audthrfs re￿la￿ for m otherpurFQSe.
Tothefulle51e¥tenl wThitted by W, we do not a(yzpt ￿a5$￿￿E re5wn$b"lty ￿ ary￿ otherlhan thecharityandthe(thanV5ttJste8s as a tKM1y, for(MJraudit
wort(, fDrthis r8Wrt c*forlhe 4xnionswe h8vefonned.
r-a
MarkGumey FCCA OChA ISentOT 5tsttrtiryaud>torl
Fora[￿ on bthfofDain5Audit L
chart￿ Aux)untan
29a8￿￿ry2026
P8ge9

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ztcots)

ST JOHN'S LICHFIELD
BALANCE SHEET
30 JUNE 2025
2025
2024
Notes
Fixed Assets
Tangible Fixed Assets
Chapel
Investments
10
11
12
5,254,187
Not valued
12,572,538
17,826,725
5,305,923
Not valued
12,495,608
17,801,531
Current Assets
Debtors
Cash al Bank and in Hand
13
45,044
448,642
493,686
65,554
328,971
394,525
Less..
Creditors: Amounts falling due within
one year
14
48,941
45,418
Net Current Assets
444.745
349,107
Total Assetslgss Currgnt Liabilities
Creditors.. Amount5 falling due after
more than one year
15
39,482
18,231,988
40,127
18,110,511
Capital and Reserves
Permanent Endowment
Reslricled Funds
Designated Funds
Income Account
17
14,989,754
193,536
147,306
2,901,392
14,854,486
197,330
186,500
2,872,195
16
18,231,988
18,110,511
These accounts were approved by the Board of Trustees on 29 January 2026 and signed on their
behalf by..
RBKDyoll
CPKitto
Page11

ST JOHN'S LICHFIELD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
2025
2024
Cash flows from operating activities
Nel cash used in operating activities
263,917
343,7731
Cash flows from investing activities
Proceeds from sale of investments
488,712
864.836
Purchase of investments
1472,360)
1817,0001
Movement in cash in investment portfolio
8,010
62,232
Interest received
16,486
15.370
Income from investments
114,970
108.349
Rental income
227,770
121,660
Net cash provided by investing activities
383,588
355,447
Change in cash and equivalents during the year
119,671
11,674
Cash and cash equivalents al beginning of year
328,971
317,297
Cash and cash equivaler¢ts al end of year
448,642
328,971
Reconclliation of net movemgnt in funds to net cash flow from operating activities
Nel income for the year las Per SOFA)
121,477
254,512
Adjustments for.
Depreciation charges
(Gains) on investments
Dividends and interest from investments
Rental income
Ilncrease}IDecrease in debtors
(Decreasellincrease in creditors
51,736
{101,292}
{131,456}
{227,770}
20,510
2,878
{385,394)
52,624
1350,2611
1123,7191
1121,660)
{22,9881
32,281
1598,2851
Page 12

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
1. Establishment of St John's Llchfield
Sl John's Lichfiele is 8 charitable incorporated organisalion, which was registered with the
Charity Commission on 4 March 2014. Ils governing document is a constitution approved on
12 September 2013, as amended 2 March 2021 and 30 May 2024.
2. Accounting Policigs
al Basis of Accountlng
The financial statements have been prepared in accordance wlh Accounting and Reporting by
Charities." Sl8temenl of Recommended Practice applicable lo charities preparing their accounts
in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 effective 1 J8nuary 2019 and the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial slalemenls have been prepared under the historical cost convention with items
recognised al cost or transaction value unless olherwise staled in the relevant notes.
bl Expenditure
Expenditure is accounted for on an accruals basis. Bursarfs and manager's salaries are apportioned
70,/0 lo charitable activities and 300/0 lo other costs.12024- 7001ty.'300AI
Office expenditure is apportioned 800A lo charitable activities and 20Q/o to other.12024 - 800A..200/01
cl Tangible Fixed Assets
Freehold Property and Property Improvements
The Almshouses situated in Sl John Street and known as St John's wilhoul the Barrs, were
constructed in the fifteenth century and were extended in the 1960s. There is no record of the
original cost and no value is allribuled Iherelo. Improvement work which has taken place since
1 July 1992 has been capilalised and depreciation is being provided at 1 00/0 per annum on a
straight line basis. The Almshouses completed during 2018 are depreciated on a straight line basis
over 50 years. Internal fittings, including bathrooms and kitchens, are not depreciated. They are
replaced on a rolling basis and the costs are charged lo the Cyclical Maintenance Fund.
Leasehold Housing Properties (The Closel
The leasehold housing properties cost relates lo the construction of the Almshouses known as
Sl John's within the Close. This development took place during the 1980s and ¥vas funded by a
Housing Association Grant, a mortgage loan from the Housing Corpofalion {se¢ured by a charge
on the buildings) and from Sl John's Hospital's own resources.
Depreciation is provided on a slraighl line basis. so as lo write off the cost over the term of the
lease.
d) Housing Association Grant
Housing Association Grant IHAGI was pald by the Housing Corporation towards the eosl of
developrnent.To the exlenl that the property has not been deprecisled, il is shown as a Restricted
Fund on the Balance Sheet.
e) Listed Investments
Listed investments are initially recognised al transaction value and subsequently measured al
their market value as al the balance sheet dale.
fj Investmgnt Property
Investment Property is included al open market value subject lo exi51ing use.
Page 13

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 JUNE 2025
gl Consecrated assets
No v21ue has been aitribuled lo consecrated assets in the financial slalements.
h) Cyclical Repairs and Maintenance
Sl John's Lichfield ha5 estsblished a regular programme of cyclical repairs and maintenance.
Costs are charged lo the Cyclical Repairs and Maintenance Fund in the year in which they are
incurred.
il Cycllcal Repairs and Maintenance Fund
This designated reserve represents amounts sel aside for cyclical maintenance.
J) Extraordinary Repairs
Costs of extraordinary repairs, unless representing improvements lo the properties,are
charged to the Extraordinary Repairs Reserve in the year in which they are incurred.
k) Extraordinary Repalrs Fund
This designated reserve represents amounts sel aside lo carry out major repairs on the
Housing Properties.
11 Valuo Added Tax
Sl John's Hospital is not registered for value aéded tsx. In these Financial Slatemenls,
where applicable, expendrture is shown inclusive of value added tax.
3. Almshouse Running Costs
Income
count
Other
Funds
Do$ignated
Funds
Total
2025
Total
2024
Rates and Insurance
Healing and Lighting
Contractors
Upkeep of Grounds
Repairs and Renewals
Archilecls and Surveyors Fees
Sundries
Other Benefits for Residents
Master's Stipend and Expenses
Chapel Expenses
Depreciation
Amount written off Propety
Improvements
Loan Interest
Bursar & Manager's Salaries
Office Expenses inc Telephone
37,094
63,536
34,033
30,459
86,571
8,910
32,498
1,752
39,276
17,483
22,397
37,og4
35,010
63,536
61,963
34,033
31,336
30,459
15,297
140,587 144,278
8,910
4,425
32,498
33,201
1,752
1,526
39,276
45,350
17,483
29,546
51,736
51,736
54,016
29,339
888
5,374
5.456
41,033
38,633
9,716
10,506
513,487 509,151
5,374
41,033
9,716
430,132
29,339
54.016
Reslricled Funds
Permanent Endowment
3.794
25,545
29,339
In 2024 depreciation included £3,794 financed from reslricled funds and £25,545 from
permanent endowment.
Page 14

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS {Continued)
FOR THE YEAR ENDED 30 JUNE 2025
4. Other Costs
Total
2025
Total
2024
Bursar and M2nager's Salaries
Audit and Accountancy
Trustee Indemnity Insurance
Sundry Expenses
Office Expenses
Bank Charges
17,585
14,946
3,766
7,063
2,429
84
45,873
16,558
16,708
3,766
5,449
2,627
88
45,196
5. Grants Payable
No grants were payable in 202512024 £nill.
6. Employee Information
2025
2024
The average weekly number of persons employed during the
ye8r, based on a full lime equivalent basis was..
Office Staff
Master and Other staff
Staff costs are as follows..
Wages and Salaries
Social Security
Defined 8enefil Pension Contributions
Defined Contribution Pension contributions
79,943
2.830
5,424
2,558
90,755
81,612
2,555
7.140
1,513
92,820
No employee received remuneration amounting lo more than £60,000 in either year.
Total remuneration of key management personnel was £90,75512024 - £92,820).
7. Trustees Remuneration and Expenses and Related Party Transactions
No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the
year lo any trustee or lo any person known lo be connecled with any of them.
No expenses were paid during the year12024 - £nill.
There were no other related party Iransaclions.
8. Taxation
Si John's Lichfield is a registered charity and all income and gains are covered by exemptions.
Page 15

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS (Continuod)
FOR THE YEAR ENDED 30 JUNE 2025
9. Net Incoming Resources for the Year are stated after charglng:
2025
2024
Depreciation - Freehold Property
Depreciation - Leasehold Property
Auditors Remuneration..
In their capacity as auditors
Other services
Trustee Indemnity Insurance
Interest payable on loan wholly or partly repayable in
more than five years
44,500
7,236
44,500
7,236
10,800
4,146
3,766
10,800
5,908
3,766
5.374
5,456
10. Tangible Fixed Assets
Frgghold
Property
Leasehold
Land & Improvements Housing
Buildings
Properties
2025
2024
Cost al 1 July 2024
5.241,123
1,260.056
549,964 7,051,143 7,051,143
Cost al 30 June 2025
5,241,123
1,260,056
549,964 7,051,143 7,051,143
Depreciation al 1 July 2024
Charge for the year
Depreciation al 30 June 2025
311.$00
44,500
356,000
1,260,056
173.664 1.745,220 1,692,596
7.236
51,736
52,624
180.900 1.796,956 1,745,220
1,260,056
Nel Book Value 30 June 2025
4.885,123
369.064 5.254.187 5,305,923
Freehold Land & Buildings (St John's without the Barrs)
£8,138 represents the purchase of a parcel of land adjacent lo the Almshouses
known as Sl John's wilhoul the Barrs,
The remaining £5,232.985 represents costs incurred in respect of the new build.
As more fully explained in note 2lbl, there 15 no record of the original cost of the Almshouses
known as Sl John's wilhoul the Barrs and no value altribuled Iherelo. These Almshouses were
constructed in the fifteenth century and are Grade 1 Listed Buildings. The Iruslees consider il
inappropriate to obtain a valuation of these properties as a Conventional valuation would be
unreliable and the cost would be onerous compared with the additional benefit derived by the
users of the financial slalemenls.
Leasehold Housing Properties {The Closel
The Almshouses known as Sl John's within the Close were constructed during the 1980s and
were fLJnded by a Housing Corporation Grant of £288,386 Ilhe unamortised amount of which is
shown as a Reslricled Fund on the Balance Sheet) and a residual mortgage loan of £44,728
repayable with interest calculated al 13.5Dlo per annum over 60 years from 1 September 1981.
The balance of £216,850 was provided from Sl John's Hospital's own resources.
The lease is for a term of 99 years from 2 December 1978.
Page 16

ST JOHN'S LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025
11. Chapel
The Chapel is excluded from the fin2ncial statements by s10 of the Charities Act 2011.
12. Investments
2025
2024
Listed Investments
Investment Portfolio Cash
nveslmenl Propety
4,091,318
1,220
8,480,000
12,572,538
4.006,378
9,230
8,480,000
12,495,608
UK Listed Investments
Market Value al 1 July 2024
Additions al cost
Disposals during the year
Profivlloss) on disposal
Nel unrealised investment gainsl{losses)
Market Value at 30 June 2025
4.006,378
472,360
1488,712}
16,381
84,911
4,091,318
3,703.953
817,000
{864,8361
4,204
346,057
4.006,378
Cost at 30 June 2025
3,484,786
3,403,162
Held as lo..
Endowment Fund
4,091.318
4.006,378
4,091.318
4.006,378
Investment Property
2025
2024
Portrolio Valuation al 1 July 2024
Unrealised gain on revaluation
Portfolio valuation at 30 June 2025
8,480,000
8,480,000
8,480,000
8,480,000
Unrealised gains included al)ove'.
Endowment Fund
5,319,948
5,319,948
The investment property portfolio Iwith the exception of one house) was revalued by Malcolm Gale,MRICS,
FAAV, FLA4 of Bagshaws LLP in April 2023 on the basis of open market value subject to existing use.
The remaining property was valued by the trustees in April 2023 on the basis of open makel value
subject lo existing use.
The trustees confirm that there is no material drfference lo the above valuations as al 30 June 2025.
Page 17

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 30 JUNE 2025
13. Debtors
2025
2024
Amounts falling due within one year..
Rental income
Prepayments
Accrued income
Other debtors
10,562
15.735
14,405
4,342
45,044
20,731
34,036
9,397
1,390
65,554
14. Creditors
Amounts falling due within one year..
Rental income
Other creditors and accruals
15,034
33,907
48,941
1,284
44,134
45,418
15. Creditors
Amounts falling due after more than one year".
Loan Isecuredl due 1-5 years
Loan Isecuredl due more than 5 years
4,000
35,482
39,482
3,750
36,377
40,127
The mortgage loan is secured by a charge on Sl John's housing properties within the Close.
The mortgage is repayable by equal instalmenls of principal and interest, the final instalmenl
falling due on 31 March 2041.
16. Designated Funds
Cyclical Extraordlnary
Maintenance
Repairs
Total
2025
Balance at 1 JLJIY 2024
Bank Deposit Interest
Transfer from Income Account
116,500
8,770
70,000
6,052
186,500
14,822
125,270
54,016
71,254
76,052
201,322
54,016
147,306
Expenditure during the year
Balance al 30 June 2025
76,052
Page 18

ST JOHN'S LICHFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
16. Deslgnated Funds (continued)
Cyclical
Maintenance
Extraordlnary Building
Repairs
Fund
Total
2024
Balance at 1 July 2023
Bank Deposit Interest
201,908
11,112
70,DOO
1,434
273,342
11.112
Transfer (toy from Income Account
1,434
1,434
283,020
96,520
186.500
213,020
96,520
116,500
70,000
Expenditure during the year
Balance al 30 June 2024
70,000
17. The asset$ and liabilities of the Charity are represented by the funds as delailed
Total
2025
Permanent
Endowment
Restricted Designated
Funds
Funds
Income
Account
Tangible Fixed Assets
Investments
Debtors
Cash al Bank and in Hand
Creditors.. Within one year
Credilors.'More than one year
5,254,187
12,572,538
45,044
448,642
148.9411
39.482
18,231,988
2,350,154
12,572,538
193,536
2,710,497
45,044
227,999
142,6661
39,482
2,901,392
73,337
16,2751
147,306
14,989,754
193,536
147,306
Total
2024
Permanent
Endowment
Restricted Designated
Funds
Funds
Income
count
Tangible Fixed Assets
Investments
Debtors
Cash al Bank and in Hand
Creditors.. Within one year
Creditors'.More than one year
5,305,293
12,495,608
65,554
328,971
145,4181
40.127
18,110,501
2.375,699
12.495,608
197,330
2.732,894
65,554
153,055
139,1811
40,137
2.872,185
110,5841
16,2371
186,500
14.854,486
197,330
186,500
18. Contingent Liability
A Housing Association Grant IHAGI of £288,386 was received towards the cost of the construction
of the Almshouses known as Sl John's within the C105e. HAG is repayable in Certain circLJmslances
primarily following the sale of a property, bul wll normally be restricted lo nel proceeds of sale.
19. Charity Merger
By virtue of a pre merger vesting agreement dated 1 September 2015, the unincorporated ¢harity
St John'5 Hospital, registered charity number 214784, transferred its ass8ls lo Sl John's Lichfield,
a charitable incorporated organisalion, registered charity number 1155998.
20. FLrture Commitment
AI 30 June 2025 St John's Lichfield had future commitment5 tolalling £35,500, in respect of repairs to the
boundary wall.
Page 19

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