**Charity Registration No. 1170617** **Company Registration No. 09064430 (England and Wales)** ## **SAINT JOHN JACOB** **( COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 MAY 2024** **Makesworth Limited Chartered Certified Accountants Unit 101, First Floor, Cervantes House 5-9 Headstone Road Harrow, Middlesex, England HA1 1PD** ## **SAINT JOHN JACOB** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mr. Liviu Pasca Mr. Bogdan Constantin Balanescu **Secretary** Cezar-Alin Milea (appointed on 13 January 2025) **Charity number** 1170617 **Company number** 09064430 **Registered office** Four Winds Leighton Road Stanbridge, Leighton Buzzard England, LU7 9HW **Independent examiner** Makesworth Limited Chartered Certified Accountants Unit 101, First Floor Cervantes House 5-9 Headstone Road Harrow Middlesex HA1 1PD ## **SAINT JOHN JACOB** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Statement of trustees' responsibilities|3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 - 10| ## **SAINT JOHN JACOB** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 30 MAY 2024**_ The trustees present their report and financial statements for the year ended 30 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. ## **Objectives and activities** The charity's objectives and the principal activity of the charity is to advance the Christian religion for the benefit of the public, in particular but not exclusively through the holding of prayer meetings, Bible studies, producing and distributing literature on Christianity. The charity is organised so that the trustees meet regularly to review its affairs. The trustees are also closely involved with the day to day running of the charity. ## **Achievements and performance** The trustees consider that the performance of the charity has been satisfactory. The trustees also feel that the charity will continue to develop and realise its objective in the following year. Trustees are confident that they will be able to raise funds by way of voluntary donations from well wishers of the charity. ## **Financial review** During the year the charity received donations of £165,613. The charity donated £2,093 to various charitable organisation in line with objects of the constitution of the charity. The statement of the financial activities of charity shows a surplus for the year of £87,799 (2023: £485,492) and reserves of £946,806 (2023: £859,007). The trustees would like to take this opportunity to thank all the donors for their support during the year. They are confident that donations from the well wishers will continue in the future. ## **Reserves** The present level of funding is adequate to support the continuation of the objectives set out in the charity's governing document and to cover administrative expenses for the following year. The trustees consider the financial position of the charity to be satisfactory. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to these risks. - 1 - ## **SAINT JOHN JACOB** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 MAY 2024**_ ## **Structure, governance and management** The charity is a company limited by guarantee with no share capital and is a registered charity with the Charity Commission ( Registered Number 1170617). The charity was registered on 30 May 2014. The trustees, who are also the directors for the purpose of the company law, and who served during the year were: Mr. Liviu Pasca Mr. Bogdan Constantin Balanescu The trustees provide services to the charity and remuneration is paid to one of the trustees. The organisation structure consist of trustees and the charity has one employee. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies regime. The trustees' report was approved by the Board of Trustees. ## **Mr. Bogdan Constantin Balanescu** Trustee 24 Feb 2025 Date: - 2 - ## **SAINT JOHN JACOB** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** _**FOR THE YEAR ENDED 30 MAY 2024**_ The trustees, who are also the directors of Saint John Jacob for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Financial statements and Reports) Regulations 2008 and the provisions of the trust deed. 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. On behalf of the board of trustees .......................................................... **Mr. Bogdan Constantin Balanescu** Trustee 24 Feb 2025 Date: - 3 - SAINT JOHN JACOB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAINT JOHN JACOB I report to the trustees (who are also Dlrectors for the purpose of company law) on my examlnatlon of the flnancial statements of Salnt John Jacob ('the charitable company,) for the year ended 30 May 2024 whlch comprlse the Statement of Flnancial Actlvlties, the Balance Sheet and related notes. Thls report Is made solely to the charlty's trustees, as a body, in accordance with section 145 of the Charltles Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to stste to th8m In thls report and for no other purpose. To the fullest extent pennltted by law. I do not accept or assume responslbility to anyone other than the charity and the charfty's trustees as a body, for my work, for thls report, or for the opinlons I have formed. Responslbllltlos and bo819 of report As the trustees of charltable company you are responsible for the praparatlon of the financlal statements In accordance wlth the requlrements of the Charttjes Act 2011 ('the Act,). Havlng 8atlstled myself that the financlal statements of tho charltable company are not requSred to be audlted under Part 16 of the Act and are ellglble for Independent examlnation, I report In respect of my examlnation of the chadtable company's financlal statements carri8d out under sectlon 145 of the Charltles Act 2011 {'Ihe 2011 Act,) and In carylng out my examlnatlon I have followed all the appllcable Dlrectlons glvan by the Charlty Commls8ion under sectlon 145(5){b) of the 2011 Act. Independent examlngrfs statement Slnce the Chadty's gros8 Income exceeded £250,000 your exemlner must be a member of a body Ilsted In sectlon 145 of the 2011 Act. I confinn that l am quallfied to undertak8 the examlnatlon because l am a member of ACCA, whlch18 one of the Ilst8d bodles. I have completed my examlnatlon. I conflrni that no materfal matters have corne to my attention In connectlon wlth the examlnation glvlng me cause to belleve that In any materlal respect: accountlng records were not kept In rosp8Ct of the charltabl8 company as requlred by sectlon 386 of tha 2006 Act. or the financlal statements do not accord wlth those records; or the financlal st8tem8nts do not comply wlth the accountlng requlrements of sectlon 396 of the 2006 Act other than any requirement that the financlal statements glve a 'true and falr vlew whlch18 not a matter consldered as part of an Independent examlnatlon; or the financlal statements have not been pr8par8d in accordanc8 wlth the m8thod8 and prfnclples of the Statement of Recommended Pracllce for accountlng and r8POrting by charitles appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no olh8r matt8rs in connection with the examination to which attention should be drawn in this report in order to enable a prop8r understanding of the financial statements to be reaGhed Sanjay K Sah. FCCA Makesworth Limited Chartered Certified Accountants Unit 101. First Floor, Cervantes House 5-9 Headstone Road, Harrow Mlddlesex, England HA1 1PD 25102125 ## **SAINT JOHN JACOB** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 MAY 2024**_ |**Unrestricted funds**
**Notes**
**Income and endowments from:**
Donations and legacies
Others – Grants
**Total income and endowments**
**Expenditure on:**
Charitable activities: Raising funds
**4**
Management & Administrative expenses
**5**
**Total resources expended**
**Net income/(expenditure) for the year**
Fund balances at 30 May 2023
**Fund balances at 30 May 2024**|**2024**
**£**
165,613
-
165,613
65,751
12,063
77,814
87,799
859,007
946,806|**2023**
**£**
563,860
-
563,860
56,990
21,378
78,368
485,492
373,515
859,007| |---|---|---| The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - ## **SAINT JOHN JACOB** ## **BALANCE SHEET** ## _**AS AT 30 MAY 2024**_ |||**2024**|**2024**|**2023**|**2023**| |---|---|---|---|---|---| ||**Notes**|**£**|**£**|**£ £**|**£ £**| |**Fixed assets**|||||| |Land and building|Land and building**6**1,062,525 1,062,525|1,062,525 1,062,525|1,062,525 1,062,525|1,062,525 1,062,525|1,062,525 1,062,525| |**Current assets**|||||| |Cash at bank and in hand 15,653 227,476|Cash at bank and in hand 15,653 227,476|Cash at bank and in hand 15,653 227,476|Cash at bank and in hand 15,653 227,476|Cash at bank and in hand 15,653 227,476|| |||15,653 227,476|15,653 227,476|15,653 227,476|| |**Creditors: amounts falling due within**|||||| |**one year 7**|**one year 7**|(131,372) (131,231)|(131,372) (131,231)|(131,372) (131,231)|| |**Net current assets/(liabilities)**(115,719) 96,245|(115,719) 96,245|(115,719) 96,245|(115,719) 96,245|(115,719) 96,245|(115,719) 96,245| |**Total assets less current liabilities**946,806 1,158,770|946,806 1,158,770|946,806 1,158,770|946,806 1,158,770|946,806 1,158,770|946,806 1,158,770| |**Creditors: amounts falling due after**|||||| |**more than one year**|**8**- (299,763)|- (299,763)|- (299,763)|- (299,763)|- (299,763)| |**Net assets/(liabilities)**|||||| ||||946,806||859,007| |**Income funds**|||||| |Unrestricted funds|Unrestricted funds**9**946,806 859,007|946,806 859,007|946,806 859,007|946,806 859,007|946,806 859,007| |946,806 859,007|946,806 859,007|946,806 859,007|946,806 859,007|946,806 859,007|946,806 859,007| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 May 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These financial statements have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in Accordance with FRS102 SORP. 24 Feb 2025 The financial statements were approved by the Trustees on ………………… **Mr. Bogdan Constantin Balanescu Trustee** ## **Company Registration No. 09064430** - 6 - ## **SAINT JOHN JACOB** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 MAY 2024**_ ## **1 Accounting policies** ## **1.1 Accounting convention** These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention. ## **1.2 Going concern** The trustees have a reasonable expectation that the charity has adequate resources to continue operational existence, as well as receiving continued donations from well wishers. Thus the trustees' continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charity's objectives. ## **1.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. The donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Resources expended** Any costs which cannot be specifically identified to another functional activity of the charity are included in the management and administrative expenses. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash at bank. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial liabilities**_ Expense creditors are obligations to pay for services that have been acquired in the ordinary course of operations from service providers. ## **1.8 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Land and building – no depreciation has been provided during the year. - 7 - ## **SAINT JOHN JACOB** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 MAY 2024**_ ## **1 Accounting policies (Continued)** ## **1.9 Taxation** No corporation tax has been provided in these accounts. The trustees believe that the income and gains of the charity are exempt. ## **1.10 Grants and donations** Grants and donations are only included in the income and expenditure account when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income is only recognized to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met(5.16 FRS 102 SORP). ## **1.11 Legacies** Legacies are included in the income and expenditure account when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. ## **1.12 Tax reclaims on donations and gifts** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## **1.13 Donated goods** Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. ## **1.14 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The assumptions are based on historical experience and other factors that are considered to be relevant. ## **2 Trustees** One of the trustees received remuneration amounting £29,091 (2024) and £13,851 (2023) from the charity. ## **3 Employees** There were 2 (2023 – 2) employee during the year. ## **4 Charitable activities** |**Charitable activities**||| |---|---|---| ||**Total**|**Total**| ||**2024**|**2023**| ||**£**|**£**| |Others|9,565|8,920| |Trustee’s salaries|29,091|13,851| |Pension|670|54| |Insurance|722|1,951| |Donations|2,093|2,530| |Other legal and professional fees|88|(2,388)| |Software|320|320| |Rent|15,603|15,645| |Council tax|-|2,997| |Repairs and maintenance|-|200| |Services charges|-|6,148| |Equipment expenses|631|504| |Light and heat|-|470| - 8 - ## **SAINT JOHN JACOB** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 MAY 2024**_ |**(continued)**
Telephone and fax
Travel and subsistence
Printing, postage and stationery
Employer’s NI
Utilities
**5 Management and administrative expenses**
Accountancy fees
Bank loan interest
Bank charges
Sundry expenses
**6 Fixed assets – Land and building**
Cost brought forward
Cost addition
**7 Creditors: amounts falling due within one year**
Accruals and other creditors
Bank loan due within one year|
**Total**
**2024**
**£**
1,713
395
185
2,462
2,213
65,751
**Total**
**2024**

**£**
3,000
8,353
89
621
12,063
**Total**
**2024**
£
1,062,525
-
1,062,525
**Total**
**2024**
**£**
89,034
42,338
131,372|| |---|---|---| |||| |||| |||1,062,525| |||**Total**
**2023**
**£**
108,417
22,814
131,231| - 9 - ## **SAINT JOHN JACOB** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 MAY 2024**_ |**8Creditors: amounts falling due after more than one year**



Bankloan
Bank loan is secured.|**Total**
**Total**
**2024 2023**
**£ £**
- 299,763| |---|---| ## **9 Analysis of net assets between funds** |Fund balances at 30 May 2024 are represented by:|||**Total**| |---|---|---|---| ||||**£**| |Fixed assets|||1,062,525| |Cash at bank|||15,653| |Prepayments|||-| |Provisions and loan|||(131,372)| ||||946,806| ||
**2024**|**2023**|| ||**£**|**£**|| |Surplus/(Deficit) for the financial year|87,799|485,492|| |Opening funds|859,007|373,515|| ||946,806|859,007|| - 10