**Charity number: 1173961**
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2021**
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent auditors' report on the financial statements**|8 - 11|
|**Statement of financial activities**|12|
|**Balance sheet**|13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 30|
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021**
|**Trustees**|The Rev. Mary Edith Britt-Sister Mary Stephen|
|---|---|
||The Rev. Anne Proudley-Sister Anne|
||The Very Rev. Lister Tonge|
||Dr Barry Andrew Lynch|
||The Rev. Peter Viney|
||Mrs Carol Ann Wotherspoon|
**Charity registered number** 1173961 **Principal office** 357 Desborough Avenue High Wycombe Buckinghamshire HP11 2TH
Page 1
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021**
The Trustees present their annual report together with the audited financial statements for the year 1 July 2020 to 30 June 2021. The trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objectives and activities**
## **a. Policies and objectives**
The principal objective of the Charity is to seek to further God's Kingdom through Worship, Ministry and works of charity. The Sisters' lives are lived out under Vows of Poverty, Chastity and Obedience.
The Trustees have had due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.
Today’s charitable work, through prayer and finance will lean towards the vulnerable in society as expressed primarily through the Community’s work with the Clewer Initiative. In addition, other projects and works are supported as opportunities are presented to the Trustees, see ( c ) below.
## **b. Strategies for achieving objectives**
The Trustees have decided that as much as possible should be done to meet the charitable objectives during the llifetime of the Sisters, including spending capital. The Investment Portfolio is therefore in a “spend-out” situation, although it will take some years to deplete it. This will partly depend on the spending opportunities with which the Trustees are presented.
## **c. Activities undertaken to achieve objectives**
The activities for achieving the objectives of the Charity include prayerfully setting up and sponsoring the Clewer Initiative and also sponsoring the Medaille Trust and other initiatives, all these being towards the church’s contribution to eradicate the curse of Modern Day Slavery; supporting organisations which work to free women trapped in, and vulnerable to, street sex work.
Page 2
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **Objectives and activities (continued)**
## **d. Main activities undertaken to further the Charity's purposes for the public benefit**
On 1 July 2019, the remaining net assets and activities of The Community Of St John Baptist General Purpose Trust were transferred to the charity which resulted in a donation received of £9,214,628.
During the year the Charity made grants to a number of projects amounting to £626,323 as detailed below.
||**£**|
|---|---|
|Medaille|**75,000**|
|Anglican Alliance|**25,000**|
|WYFC|**24,000**|
|Levi (cms)|**10,000**|
|Discovering Prayer|**10,000**|
|Newport|**25,000**|
|ROSY|**42,350**|
|Smaller grants|**13,243**|
|Hardship cases|**1,730**|
|Archbishops Council (for the Clewer Initiative)|**300,000**|
|Clewer Initiative|**100,000**|
The Charity made the following donation during the year:
**£** The Community of St Francis **75,000**
Page 3
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **Achievements and performance**
## **a. Key performance indicators**
The aim of the investment is to generate a return to fund charitable expenditure along with expenses for the care and wellbeing of the Sisters.
Performance benchmarks have been agreed with the Investment Manager. Regular reports are received as to the progress of the investments which enables the Community to sponsor the charitable work selected as most in keeping with the aims of the Community’s Foundress.
The CIO does not fund raise.
## **b. Review of activities**
A regular pattern of worship is being maintained at St Mary’s Convent, Chiswick, where the sisters now reside in care.
## **c. Factors relevant to achieve objectives**
Trustees are in constant contact via zoom and other means with the bodies which receive sponsorship in order to monitor progress, and also with the Sisters in connection with their own wellbeing.
## **d. Investment policy and performance**
On 1 July 2019, the remaining net assets and activities of The Community Of St John Baptist General Purpose Trust were transferred to the CIO including the investment portfolio held at fair value. The accounts include an unrealised gain of £884,064 as a result of re-stating the investments to fair value at the year end. There was a gain on disposal of investments of £241,619 which was calculated by taking the sale proceeds less the fair value of the investments at the start of the year or when purchased.
## **Financial review**
## **a. Going concern**
The financial statements of the Charity are prepared on a going concern basis.
The Covid-19 outbreak has caused severe disruption to charities internationally. The trustees have analysed and will carry out ongoing monitoring of the impact on the charity's financial position.
The trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements. No material uncertainties exist.
Page 4
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **b. Reserves policy**
The net increase in funds of £656,129 and other movements are all shown on the Statement of Financial activities. The balance of unrestricted funds balance carried forward at 30 June 2021 was £10,253,209 (2020 : £9,597,080). The amount of reserves which can only be realised by disposing of tangible fixed assets is £8,439,756. The Trustees consider that the net funds are adequate for their purpose and in accordance with their reserves policy. Having regard to the fact that the principal responsibility of the Charity is to undergird the care of the remaining sisters, trustees have ensured that there are sufficient funds available to meet this lifetime commitment.
## **c. Material investments policy**
The Charity has adopted an ethical investment policy to ensure that its investments do not conflict with its aims, as far as is possible. The Trustees do not wish to have direct investments in companies involved with the manufacture and sales of arms, tobacco, gambling, the sex industry or short term high interest loans, or to invest in funds that are likely to be structurally exposed to these areas.
## **d. Principal risks and uncertainties**
The principal financial risk is the devaluation of the portfolio through world changes, for example Covid-19, relations between USA & China, or the inability of the Investment Manager to perform appropriately.
## **e. Financial risk management objectives and policies**
The portfolio is subject to a medium risk profile. Trustees regularly monitor the progress of the shares to ensure that the value of the portfolio remains competitive.
## **f. Principal funding**
On 1 July 2019, the remaining net assets and activities of the The Community Of St John Baptist General Purpose Trust were transferred to the charity which resulted in a donation received of £9,214,628.
## **Structure, governance and management**
## **a. Constitution**
The Community Of St John Baptist General Purposes CIO is a registered charity, number 1173961, and is constituted under a CIO Foundation Constitution.
## **b. Methods of appointment or election of Trustees**
Future Trustees may be appointed following consultations between existing Trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **c. Organisational structure and decision-making policies**
In addition to the AGM, quarterly Trustees’ meetings take place, along with other meetings as required.
Page 5
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **Structure, governance and management (continued)**
## **d. Policies adopted for the induction and training of Trustees**
New Trustees, who may be appointed on the basis of their skills and vision, will be given a full briefing on the working of the Charity, once appointed.
## **e. Pay policy for key management personnel**
The salaries for the two executives of the Community may be adjusted annually in line with the pay scales set for the college sector.
## **f. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The Trustees, having laid out plans for promoting the work for the eradication of modern day slavery and alleviating the suffering of those working in the sex trade industry, continue to ensure the stability of these ventures through sound financial management.
Page 6
THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO
TRUSTeES' REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2021
stst•mgnt gt Trust. Mponglbllltl
The Trustees are re8ponslble for pr8paring the Tru5tees' report 8ThJ the finan81 stsl8ments In accordance wrth
appli(sble law and United Kingdom Ao))unting St8ndards Iunited Kingdom Generally ACpted Accx)unting
Pr8¢t11.
Th& law applicable to charfJes in England & W81es requires the Twstees to prepare financi81 statements for
each financlal year which give a true aNI fair wgw of the state of affairs of the Charity and of its incorning
resources and applicatlon of resourcgs, including Its Incomè and exp8ndUre, for that period. In preparing these
financial statements, the Trusteès are r8qUiTed to.
8elect suitsblo accr)unting pollcie8 and th8n apply them nSistn11y.,
observe the methods and principles of the Charitles SORP IFRS 1021:
make judgments Bnd accounting estimates that are reasonable and prudenl.,
stste whethèr applicable UK Accounting St8ndards IFRS 1021 have been followed. subjéct to any material
depaTiuTes disclosed and expi8ined in the financial statements,.
prepare the finandal statemen15 on the going concern basis unless it is InapprotYial8 to presume that the
charity11 continue in busine88.
Thè Trusts8s are responsibl8 for kèèping adequate accounting recL)rds th81 are sufflcient to show and 8xplaift
thg Charitls trans8Ctlon8 8nd disdose wth reasonable 8ccufdCy al any tim8 the financial position of thé Charity
and enab18 them to ensure that the financial stalernents compty wth the Charttles Acl 2011, the Charity
(ACClts and Raportsl Regul8tlons 2008 and the provisions of the trust deed. They are also responsib18 for
58fegu8rdSng assets of the Charity 8ThJ hence for taking reasonable 8teps for the preveThfjon arKI detectlon of
fraud and other lffegularftles.
The Trustees are responsible for the maintsn8nce and integrity of the charity and fin8nci81 Infomation included
on the charitys websile. Legisl8tion in the United Klngdom govèming Ihe pmparatK)n and dis8èminafjon of
financAal statements may drffer from legislation in otherlurisdictlons.
Approved by ordèr of the membèrs of the bo8rd of Trustees and signed on thwr behaN ty.
Mr• Carol Ann Woth•rspoon
Date..
Pago 7
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **Opinion**
We have audited the financial statements of The Community Of St John Baptist General Purposes CIO (the 'charity') for the year ended 30 June 2021 which comprise the Statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 30 June 2021 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue
Page 8
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO (CONTINUED)**
## **Other information**
The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 9
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO (CONTINUED)**
## **Auditors' responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with the trustees and those charged with governance.
- We obtained an understanding of laws and regulations that could reasonably be expected to have a material effect on the financial statements through discussion with the trustees and those charged with governance, which includes financial reporting . We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
- We inquired of the trustees and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations. We remained alert to any indications of non-compliance throughout the audit.
- We addressed the risk of fraud through management override by reviewing the appropriateness of a sample of cashbook entries and bank reconciliations; assessing whether the judgements made in making key accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of the charity's activities that we come across throughout the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both the trustees and those charged with governance of the charity. Our examination should not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance as may exist.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
Page 10
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO (CONTINUED)**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
**Feltons** 1 The Green Richmond Surrey TW9 1PL Date: 30 March 2022
Feltons are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 11
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
|**Note**
**Income from:**
Donations and legacies
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Investment Management Fees
7
Charitable activities
8
**Total expenditure**
**Net (expenditure)/income before net gains/(losses)**
**on investments**
Net gains/(losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**87,924**
**193,965**
**305,506**
**587,395**
**47,203**
**1,011,610**
**1,058,813**
**(471,418)**
**1,127,547**
**656,129**
**9,597,080**
**656,129**
**10,253,209**|**Total**
**funds**
**2021**
**£**
**87,924**
**193,965**
**305,506**
**587,395**
**47,203**
**1,011,610**
**1,058,813**
**(471,418)**
**1,127,547**
**656,129**
**9,597,080**
**656,129**
**10,253,209**|_As restated_
_Total_
_funds_
_2020_
_£_
_9,250,706_
_190,364_
_158,514_
_9,599,584_
_39,365_
_1,035,819_
_1,075,184_
_8,524,400_
_(234,212)_
_8,290,188_
_1,306,892_
_8,290,188_
_9,597,080_|
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 30 form part of these financial statements.
Page 12
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **BALANCE SHEET AS AT 30 JUNE 2021**
|**Note**
**Fixed assets**
Tangible assets
12
Investments
14
Investment property
13
**Current assets**
Debtors
15
Investments
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
19
**Total funds**|**120,000**
**70,910**
**278,929**
**469,839**
**(8,594)**|**2021**
**£**
**1,813,453**
**7,028,511**
**950,000**
**9,791,964**
**461,245**
**10,253,209**
**10,253,209**
**10,253,209**
**10,253,209**|_150,000_
_385,273_
_96,167_
_631,440_
_(8,594)_|_2020_
_£_
_1,857,093_
_6,167,141_
_950,000_|
|---|---|---|---|---|
|||||_8,974,234_
_622,846_|
|||||_9,597,080_|
||||||
|||||_9,597,080_|
|||||_9,597,080_|
||||||
|||||_9,597,080_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Mrs Carol Ann Wotherspoon**
## Date: 30 March 2022
The notes on pages 15 to 30 form part of these financial statements.
Page 13
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents brought forward
**Cash and cash equivalents carried forward**
The notes on pages 15 to 30 form part of these financial statements|**2021**
**£**
**(574,969)**
**178,055**
**1,000**
**-**
**2,748,476**
**(2,169,800)**
**757,731**
**-**
**182,762**
**96,167**
**278,929**|_2020_
_£_
_450,316_
_190,364_
_284,151_
_(695,000)_
_2,426,380_
_(2,560,044)_
**(354,149)**
**-**
**96,167**
_-_
_96,167_|
|---|---|---|
Page 14
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **1. General information**
Tha charity is set up in the United Kingdom and governed under the Charities Act 2011. The organisation is a charitable incorporated organisation, registered in England and Wales and in Scotland. The address of the registered office is 357 Desborough Avenue, High Wycombe, HP11 2TH.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)- effective 1 January 2019 and Charities Act 2011.
The presentation currency is pounds sterling and figures are rounded to the nearest pound.
The charity was incorporated on 26 July 2017 as a Charitable Incorporated Organisation under charity number 1173961.
The Community Of St John Baptist General Purposes CIO constitutes a public benefit entity as defined by FRS 102.
## **2.2 Going concern**
The financial statements of the Charity are prepared on a going concern basis.
The Covid-19 outbreak has caused severe disruption to charities internationally. The trustees have analysed and will carry out ongoing monitoring of the impact on the charity's financial position.
The trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements. No material uncertainties exist.
Page 15
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Page 16
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **2. Accounting policies (continued)**
## **2.5 Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold property 2% per annum, straight line - Plant and machinery 25% per annum, reducing balance Motor vehicles - 25% per annum, reducing balance - Fixtures and fittings 25% per annum, reducing balance
## **2.6 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges..
Page 17
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **2. Accounting policies (continued)**
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
## **2.12 Investment Properties**
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.The trustees have concluded that there are not any significant risks of causing a material adjustment to the carrying amounts of assets and liabilities for the life-time commitment of this Charity as related in the reserves policy above.
Page 18
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **4. Income from donations and legacies**
|**Unrestricted**
**funds**
**2021**
**£**
Donations
87,724
Legacies
200
87,924
_Total 2020_
_9,250,706_|**Total**
**funds**
**2021**
**£**
**87,724**
**200**
**87,924**
_9,250,706_|_Total_
_funds_
_2020_
_£_
_9,250,055_
_651_|
|---|---|---|
|||_9,250,706_|
||||
On 1 July 2019, the remaining net assets and activities of the The Community Of St John Baptist General Purpose Trust were transferred to the charity which resulted in a donation received of £9,214,628.
## **5. Investment income**
|**Unrestricted**
**funds**
**2021**
**£**
Rental Income
43,294
Interest Received
9,249
Dividends Received
141,422
193,965
_Total 2020_
_190,364_|**Total**
**funds**
**2021**
**£**
**43,294**
**9,249**
**141,422**
**193,965**
_190,364_|_Total_
_funds_
_2020_
_£_
_20,623_
_12,203_
_157,538_|
|---|---|---|
|||_190,364_|
||||
Page 19
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **6. Other incoming resources**
|Other income
_Total 2020_|**Unrestricted**
**funds**
**2021**
**£**
305,506
_158,514_|**Total**
**funds**
**2021**
**£**
**305,506**
_158,514_|_Total_
_funds_
_2020_
_£_
_158,514_|
|---|---|---|---|
|||||
## **7. Investment management costs**
|**Unrestricted**
**funds**
**2021**
**£**
Investment management fees
47,203
_Total 2020_
_39,365_|**Total**
**funds**
**2021**
**£**
**47,203**
_39,365_|_Total_
_funds_
_2020_
_£_
_39,365_|
|---|---|---|
||||
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2021**
**£**
Direct Costs
310,287
Donations
75,000
Grants
626,323
1,011,610
_Total 2020 as restated_
_1,035,819_|**Total**
**funds**
**2021**
**£**
**310,287**
**75,000**
**626,323**
**1,011,610**
_1,035,819_|_As restated_
_Total_
_funds_
_2020_
_£_
_265,210_
_-_
_770,609_|
|---|---|---|
|||_1,035,819_|
||||
_Total 2020 as restated_
Page 20
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **9. Analysis of expenditure by activities**
|Direct Costs
Donations
Grants
_Total 2020 as restated_
**Analysis of direct costs**
Nursing care
Property costs
Sisters' Expenses
Education
Clewer Initiative work
Other work
Depreciation
Bank charges
(Profit)/Loss on disposal of vehicles
Governance costs
_Total 2020_|**Activities**
**undertaken**
**directly**
**2021**
**£**
310,287
-
-
310,287
_265,210_|**Grant**
**funding of**
**activities**
**2021**
**£**
-
75,000
626,323
701,323
_770,609_
**Charitable**
**activities**
**2021**
**£**
193,965
6,353
22,209
959
15,000
7,200
39,747
217
2,893
21,743
310,286
_265,210_|**Total**
**funds**
**2021**
**£**
**310,287**
**75,000**
**626,323**
**1,011,610**
_1,035,819_
**Total**
**funds**
**2021**
**£**
**193,965**
**6,353**
**22,209**
**959**
**15,000**
**7,200**
**39,747**
**217**
**2,893**
**21,743**
**310,286**
_265,210_|_As restated_
_Total_
_funds_
_2020_
_£_
_265,210_
_-_
_770,609_
_1,035,819_
_Total_
_funds_
_2020_
_£_
_145,294_
_7,744_
_44,457_
_1,400_
_-_
_-_
_34,192_
_305_
_(564)_
_32,382_
_265,210_|
|---|---|---|---|---|
Page 21
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **10. Auditors' remuneration**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's auditor for the audit of the Charity's annual|||
|accounts|**6,600**|_6,000_|
## **11. Trustees' remuneration and expenses**
Remuneration has been paid to two of the trustees for general office work, administration and bookkeeping as follows:
|||**2021**|_2020_|
|---|---|---|---|
|||**£**|_£_|
|The Rev. Peter Viney|Remuneration|**8,760**|_11,160_|
|Mrs Carol Ann Wotherspoon|Remuneration|**2,780**|_5,400_|
The Charity's Constitution allows trustees to receive remuneration from the CIO, for the provision of services in accordance and subject to the conditions in Section 185 to 188 of the Charities Act 2011.
As set out in the Charity's Constitution, a charity trustee may receive remuneration provided that the majority of the trustees do not benefit in this way. In 2021 financial year, four out of the six total trustees have not received remuneration.
During the year ended 30 June 2021, expenses totalling _£_ 411 were reimbursed or paid directly to 1 Trustee _(2020 - £NIL to Trustee)_ . The travel expenses were incurred on fulfilling their duties as trustees.
Page 22
**THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 July 2020
Disposals
At 30 June 2021
**Depreciation**
At 1 July 2020
Charge for the year
On disposals
At 30 June 2021
**Net book value**
At 30 June 2021
_At 30 June 2020_
**13.**
**Investment property**
**Valuation**
At 1 July 2020
At 30 June 2021|**Freehold**
**property**
**£**
**1,922,449**
**-**
**1,922,449**
**70,547**
**38,449**
**-**
**108,996**
**1,813,453**
_1,851,902_|**Motor**
**vehicles**
**£**
**6,921**
**(6,921)**
**-**
**1,730**
**1,298**
**(3,028)**
**-**
**-**
_5,191_|**Total**
**£**
**1,929,370**
**(6,921)**
**1,922,449**
**72,277**
**39,747**
**(3,028)**
**108,996**
**1,813,453**
_1,857,093_
**Freehold**
**investment**
**property**
**£**
**950,000**
**950,000**|
|---|---|---|---|
The trustees believe there has been no changes in value to the investment property as at 30 June 2021.
Page 23
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **14. Fixed asset investments**
|**Cost or valuation**
At 1 July 2020
Additions
Disposals
Revaluations
At 30 June 2021
**Net book value**
At 30 June 2021
_At 30 June 2020_
**15.**
**Debtors**
**Due after more than one year**
Other debtors
**Due within one year**
Other debtors
**16.**
**Current asset investments**
Unlisted investments (liquid)|**2021**
**£**
**90,000**
**90,000**
**30,000**
**120,000**
**2021**
**£**
**70,910**|**Listed**
**investments**
**£**
**6,167,141**
**2,484,163**
**(2,506,857)**
**884,064**
**7,028,511**
**7,028,511**
_6,167,141_
_2020_
_£_
_120,000_
_120,000_
_30,000_
_150,000_
_2020_
_£_
_385,273_|
|---|---|---|
Page 24
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **17. Creditors: Amounts falling due within one year**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**8,594**|_8,594_|
## **18. Financial instruments**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**349,839**|_481,440_|
Financial assets measured at fair value through income and expenditure comprise of basic financial instruments including cash at bank and in hand and capital balances held in the investment portfolio.
Page 25
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **19. Statement of funds**
**Statement of funds - current year**
|**Unrestricted**
**funds**
**Designated**
**funds**
The Community
of the
Companions of
Jesus the Good
Shepherd
**General funds**
General Funds -
all funds
**Total**
**Unrestricted**
**funds**|**Balance at 1**
**July 2020**
**£**
**1,513,017**
**8,084,063**
**9,597,080**|**Income**
**£**
**-**
**580,155**
**580,155**|**Expenditure**
**£**
**-**
**(1,051,573)**
**(1,051,573)**|**Transfers**
**in/out**
**£**
**(1,513,017)**
**1,513,017**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**1,127,547**
**1,127,547**|**Balance at**
**30 June**
**2021**
**£**
**-**|
|---|---|---|---|---|---|---|
|||||||**10,253,209**|
|||||||**10,253,209**|
The designated funds relating to The Community of the Companions of Jesus the Good Shepherd are held as designated to reflect the transfer of net assets from The Community of the Companions of Jesus the Good Shepherd, to The Community Of St John Baptist General Purpose Trust in 2018. They were subsequently transferred to the CIO as part of the transfer of the remaining net assets and activities from The Community Of St John Baptist General Purpose Trust on 1 July 2019. As at 30 June 2021, the trustees agreed that the funds previously shown as designated should be included within general funds.
Page 26
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **19. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
The Community of the
Companions of Jesus the Good
Shepherd
**General funds**
General Funds - all funds
**Total Unrestricted funds**|_Balance at_
_1 July 2019_
_£_
_-_
_1,306,892_
_1,306,892_|_Income_
_£_
_1,713,017_
_7,886,567_
_9,599,584_|_Expenditure_
_£_
_(200,000)_
_(875,184)_
_(1,075,184)_|_Gains/_
_(Losses)_
_£_
_-_
_(234,212)_
_(234,212)_|_Balance at_
_30 June_
_2020_
_£_
_1,513,017_|
|---|---|---|---|---|---|
||||||_8,084,063_|
||||||_9,597,080_|
## **20. Summary of funds**
## **Summary of funds - current year**
|Designated
funds
General funds|**Balance at 1**
**July 2020**
**£**
**1,513,017**
**8,084,063**
**9,597,080**|**Income**
**£**
**-**
**580,155**
**580,155**|**Expenditure**
**£**
**-**
**(1,051,573)**
**(1,051,573)**|**Transfers**
**in/out**
**£**
**(1,513,017)**
**1,513,017**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**1,127,547**
**1,127,547**|**Balance at**
**30 June**
**2021**
**£**
**-**
**10,253,209**|
|---|---|---|---|---|---|---|
|||||||**10,253,209**|
Page 27
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **20. Summary of funds (continued)**
## **Summary of funds - prior year**
|Designated funds
General funds|_Balance at_
_1 July 2019_
_£_
_-_
_1,306,892_
_1,306,892_|_Income_
_£_
_1,713,017_
_7,886,567_
_9,599,584_|_Expenditure_
_£_
_(200,000)_
_(875,184)_
_(1,075,184)_|_Gains/_
_(Losses)_
_£_
_-_
_(234,212)_
_(234,212)_|_Balance at_
_30 June_
_2020_
_£_
_1,513,017_
_8,084,063_|
|---|---|---|---|---|---|
||||||_9,597,080_|
## **21. Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
1,813,453
Fixed asset investments
7,028,511
Investment property
950,000
Debtors due after more than one year
90,000
Current assets
379,839
Creditors due within one year
(8,594)
**Total**
10,253,209|**Total**
**funds**
**2021**
**£**
**1,813,453**
**7,028,511**
**950,000**
**90,000**
**379,839**
**(8,594)**|
|---|---|
||**10,253,209**|
Page 28
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **21. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Fixed asset investments
Investment property
Debtors due after more than one year
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_1,857,093_
_6,167,141_
_950,000_
_120,000_
_511,440_
_(8,594)_
_9,597,080_|_Total_
_funds_
_2020_
_£_
_1,857,093_
_6,167,141_
_950,000_
_120,000_
_511,440_
_(8,594)_
_9,597,080_|
|---|---|---|
## **22. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Loss/(profit) on the sale of fixed assets
Decrease/(increase) in debtors
Increase in creditors
Loss/(profit) on investments
Deduct non-cash donation of net assets including fixed assets and listed
investments
**Net cash provided by/(used in) operating activities**|**2021**
**£**
**656,129**
**39,747**
**(178,055)**
**2,893**
**30,000**
**-**
**(1,125,683)**
**-**
**(574,969)**|_2020_
_£_
_8,290,188_
_34,192_
_(190,364)_
_(157,953)_
_(150,000)_
_4,993_
_234,212_
_(7,614,952)_
_450,316_|
|---|---|---|
Page 29
## **THE COMMUNITY OF ST JOHN BAPTIST GENERAL PURPOSES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **23. Analysis of cash and cash equivalents**
|Cash in hand
**Total cash and cash equivalents**|**2021**
**£**
**278,929**
**278,929**|_2020_
_£_
_96,167_|
|---|---|---|
||||
|||_96,167_|
## **24. Analysis of changes in net debt**
|Cash at bank and in hand
Liquid investments|**At 1 July**
**2020**
**£**
**96,167**
**385,273**
**481,440**|**Cash flows**
**£**
**182,762**
**(314,363)**
**(131,601)**|**At 30 June**
**2021**
**£**
**278,929**
**70,910**|
|---|---|---|---|
||||**349,839**|
## **25. Related party transactions**
As at 30 June 2021, the charity has paid a trustee £572 for their services to the charity during the year. The services are over and above their normal trustee duties
Page 30