Charity no. 1173961
# **The Community of St John Baptist General Purposes CIO Report and Unaudited Financial Statements**
**30 June 2024**
## **The Community of St John Baptist General Purposes CIO**
## **Reference and administrative details**
|**For theyear ended 30 June 2024**|**For theyear ended 30 June 2024**|
|---|---|
|**Charity number**|1173961|
|**Registered office and**|357 Desborough Avenue|
|**operational address**|High Wycombe|
||Buckinghamshire|
||HP11 2TH|
|**Trustees**|The trustees who served during the year and up to the date of this report|
||were as follows:|
||Revd Sister Mary Edith Britt|
||Dr Barry Lynch|
||Revd Sister Anne Proudley|
||The Very Revd Lister Tonge|
||Revd Peter Viney|
||Carol Wotherspoon|
|**Bankers**|Natwest|
||118 High Street|
||Slough|
||SL1 1JH|
|**Independent examiners**|Godfrey Wilson Limited|
||Chartered accountants and statutory auditors|
||5th Floor Mariner House|
||62 Prince Street|
||Bristol|
||BS1 4QD|
1
## **The Community of St John Baptist General Purposes CIO**
## **Report of the trustees**
## **For the year ended 30 June 2024**
The Trustees present their annual report together with the independent examination of accounts for the year 1 July 2023 to 30 June 2024. 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, continues to reflect the ethos of our Foundress, Mother Harriet, whose work centred on rescue and rehabilitation of the poor and marginalised in our society.
Caring for the vulnerable in society is expressed primarily through the Community’s work with the Clewer Initiative, the Medaille Trust and other charities and organisations involved in seeking to eradicate Modern Day Slavery. 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 are planning that the charity may be able to come to an end within the next four years, with its total assets being transferred to the charities we support, having made provision with actuarial advice for the continuing residential care of the remaining two sisters and the one ex-sister.
The Investment Portfolio is therefore in a “spend-out” situation and the Trustees have decided that no new grant applications will be accepted from organisations previously unknown to us.
## _c. Activities undertaken to achieve objectives_
The activities for achieving the objectives of the Charity include prayerfully setting up and sponsoring the Clewer Initiative. We also support the work of the Medaille Trust, both of these charities being dedicated to the eradication of the curse of Modern Day Slavery.
## **Achievements and performance**
## _a. Main activities undertaken to further the Charity's purposes for the public benefit_
During the year the Charity made grants greater than £40k to a number of projects amounting to £1,170,225 as detailed below:
- Clewer Initiative £546,500;
- Medaille £408,267;
- One25 £100,000
- WYFC £43,600; and
- ROSY £46,000.
2
## **The Community of St John Baptist General Purposes CIO**
## **Report of the trustees**
## **For the year ended 30 June 2024**
## **Financial review**
## _a. Going concern_
The financial statements of the Charity are prepared on a going concern basis. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next four years. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements. No material uncertainties exist.
## _b. Reserves policy_
The balance of unrestricted funds balance carried forward at 30 June 2024 was £6,163,382. The amount of reserves excluding the net book value of tangible fixed assets is £5,663,981. The Trustees consider that the net funds are entirely 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.
In addition to our primary purpose of caring for the Sisters we are committed to providing substantial financial support to two charitable organisations working at the forefront of eradicating modern day slavery.
The Charity’s financial assets, and this reserves policy, will be reviewed at each quarterly meeting of Trustees.
## _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 relations between USA & China, the war in Ukraine and the Middle East 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_
The Charity is funded by its substantial investment income.
3
## **The Community of St John Baptist General Purposes CIO**
## **Report of the trustees**
## **For the year ended 30 June 2024**
## **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_
The current Trustees expect to see out the work until the charity ends. It is not envisaged that new Trustees will be appointed, unless unforeseen circumstances dictate a need.
## _c. Organisational structure and decision-making policies_
In addition to the AGM, quarterly Trustees’ meetings take place, along with other meetings as required. Trustees have met regularly with both the Clewer Initiative and the Medaille Trust.
## _d. Policies adopted for the induction and training of trustees_
Should it become necessary to appoint new Trustees, they will be given a full briefing on the working of the Charity, a copy of the foundation document and a copy of the latest year end accounts.
## _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, continue to ensure the stability of these ventures through sound financial management.
## **Statement of responsibilities of the trustees**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with 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 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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those 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 accounting estimates that are reasonable and prudent;
- ▪ state whether applicable accounting standards and statements of recommended practice 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.
4
## **The Community of St John Baptist General Purposes CIO**
## **Report of the trustees**
## **For the year ended 30 June 2024**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity have no liability in the event of the winding up of the charity. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 18 December 2024 and signed on their behalf by
Carol Wotherspoon - Trustee
5
## **Independent examiner's report**
## **To the trustees of**
## **The Community of St John Baptist General Purposes CIO**
I report to the trustees on my examination of the accounts of The Community of St John Baptist General Purposes CIO (the CIO) for the year ended 30 June 2024, which are set out on pages 7 to 20.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## William Guy Blake
Date: 19 December 2024
## **William Guy Blake ACA Member of the ICAEW**
For and on behalf of:
## **Godfrey Wilson Limited**
Chartered accountants and statutory auditors 5th Floor Mariner House
62 Prince Street Bristol BS1 4QD
6
## **The Community of St John Baptist General Purposes CIO**
## **Statement of financial activities**
## **For the year ended 30 June 2024**
|Note
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
5
Net gains on investments
11,12
**Net expenditure and net movement in funds**
7
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**2024**
**£**
**37,659**
**8,860**
**154,854**
**20,498**
**221,871**
**37,816**
**1,525,854**
**1,563,670**
**387,846**
**(953,953)**
**7,117,335**
**6,163,382**|2023
£
32,313
16,360
175,311
355|
|---|---|---|
|||224,339|
|||28,633
1,470,111|
|||1,498,744|
|||121,842|
|||(1,152,563)
8,269,898|
|||7,117,335|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 18 to the accounts. All income and expenditure in the current and prior period is unrestricted.
7
## **The Community of St John Baptist General Purposes CIO**
## **Balance sheet**
## **As at 30 June 2024**
||||**2024**|2023|
|---|---|---|---|---|
||Note|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible assets|10||**499,401**|963,767|
|Investments|11||**5,110,194**|4,823,592|
|Investment property|12||**-**|1,100,000|
||||**5,609,595**|6,887,359|
|**Current assets**|||||
|Debtors|13|**-**||60,000|
|Current asset investments|14|**481,178**||144,212|
|Cash at bank and in hand||**76,629**||30,299|
|||**557,807**||234,511|
|**Liabilities**|||||
|Creditors: amounts falling due within 1 year|15|**4,020**||4,535|
|**Net current assets**|||**553,787**|229,976|
|**Net assets**|16||**6,163,382**|7,117,335|
|**Funds**|18||||
|Unrestricted funds|||||
|Designated funds|||**4,516,170**|5,740,486|
|General funds|||**1,647,212**|1,376,849|
|**Total charity funds**|||**6,163,382**|7,117,335|
Approved by the trustees on 18 December 2024 and signed on their behalf by
Carol Wotherspoon - Trustee
8
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **1. Accounting policies**
## **a) Basis of preparation**
The Community of St John Baptist General Purposes CIO an unincorporated charity registered in England and Wales. The registered office address is 357 Desborough Avenue, High Wycombe, Buckinghamshire, HP11 2TH
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Community of St John Baptist General Purposes CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## **d) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **e) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
## **f) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **g) Grant payable**
Grants which have been authorised and paid are included as expenditure in the statement of financial activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).
9
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
**1. Accounting policies (continued)**
## **h) Allocation of support and governance costs**
- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of cost as follows:
|ities based on the proportion of cost as|follows:||
|---|---|---|
||**2024**|2023|
|Raising funds|**2.4%**|1.9%|
|Charitable activities|**97.6%**|98.1%|
## **i) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
## Property
## 50 years
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.
The charity owns mixed use property, which is held for a combination of charitable use and investment purposes. Where mixed use property can be separated between investment property and tangible fixed assets the resulting portions are classified separately under these headings. When the components cannot be reliably split the property is classified as a tangible fixed asset.
## **j) Listed investments**
Listed investments traded on a recognised stock exchange are stated at fair value at the reporting date, which is deemed to be their market value. Any gain or loss, whether realised or unrealised, is taken to the Statement of Financial Activities.
## **k) Investment property**
Investment property is property (land or a building, or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both.
Investment property is initially measured at cost, including transaction costs. Investment property is subsequently measured at fair value the reporting date. This method of valuation applies to all the charitable company’s investment properties.
Gains or losses arising from changes in the fair value of investment property are included in net movement in funds on the face of the Statement of Financial Activities for the period in which they arise.
## **l) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
10
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
**1. Accounting policies (continued)**
## **m) Current asset investments**
Current asset investments consist of 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.
## **n) Cash at bank and in hand**
Cash at bank and cash 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.
## **o) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **p) 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 recognised at amortised cost using the effective interest method.
## **q) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
## **Depreciation**
As described in note 1i to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
## **Investment properties**
The valuation is of investment property is deemed to be the market value of the property, as determined by a RICS registered surveyor.
11
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **2. Income from donations and legacies**
|**Donation income**
**3.**
**Income from charitable activities**
**Rental income**
**4.**
**Income from investments**
Rental income
Interest received
Dividends received
**Total income from investments**|**2024**
**£**
**37,659**
**2024**
**£**
**8,860**
**2024**
**£**
**2,248**
**-**
**152,606**
**154,854**|2023
£
32,313|
|---|---|---|
|||2023
£
16,360|
|||2023
£
16,873
273
158,165|
|||175,311|
12
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **5. Total expenditure**
|Nursing care
Investment manager fees
Grants payable (note 6)
Sisters' expenses
Property costs
Office costs
Staff costs (note 8)
Depreciation
Foreign exchange loss
**Sub-total**
**Total expenditure**
Allocation of support and
governance costs|£
-
33,741
-
-
-
-
-
-
2,122
35,863
1,953
**37,816**
Raising
funds|£
£
269,549
-
-
-
1,170,225
-
7,262
-
-
41,396
-
13,606
-
8,236
-
17,533
-
-
1,447,036
80,771
78,818
(80,771)
**1,525,854**
**-**
Charitable
activities
Support and
governance
costs|**2024**
**Total**
**£**
**269,549**
**33,741**
**1,170,225**
**7,262**
**41,396**
**13,606**
**8,236**
**17,533**
**2,122**|
|---|---|---|---|
||||**1,563,670**
**-**|
||||**1,563,670**|
Total governance costs were £4,020 (2023: £3,840 restated)
## **Prior period comparative:**
|**Prior period comparative:**||||
|---|---|---|---|
|Nursing care
Investment manager fees
Grants payable (note 6)
Sisters' expenses
Property costs
Office costs
Staff costs (note 8)
Depreciation
Chapel expense
Foreign exchange gain
**Sub-total**
**Total expenditure**
Allocation of support and
governance costs|£
-
33,791
-
-
-
-
-
-
-
(6,198)
27,593
1,040
28,633
Raising
funds|£
£
229,514
-
-
-
1,166,711
-
2,616
-
-
14,180
-
11,854
-
7,378
-
21,018
17,880
-
-
-
1,416,721
54,430
53,390
(54,430)
1,470,111
-
Support and
governance
costs
Charitable
activities|2023
Total
£
229,514
33,791
1,166,711
2,616
14,180
11,854
7,378
21,018
17,880
(6,198)|
||||1,498,744
-|
||||1,498,744|
13
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
**6. Grants payable**
Total grants committed to during the year were as follows:
|_Grants payable to institutions:_
The Clewer Initiative
The Medaille Trust
One25
ROSY
WYFC
Discovering Prayer
Total grants payable to institutions
_Grants payable to individuals:_
Bishop Alastair
Smaller grants (<£10k)
Total grants payable to individuals
**Total grants payable**|**2024**
**£**
**546,500**
**408,267**
**100,000**
**46,000**
**43,600**
**5,000**
**1,149,367**
**20,000**
**858**
**20,858**
**1,170,225**|2023
£
630,000
400,000
-
45,000
61,500
7,500|
|---|---|---|
|||1,144,000|
|||20,000
2,711|
|||22,711|
|||1,166,711|
Grants payable are all in furtherance of the charity's objects. No support costs are allocated to grant payments. No amounts were outstanding at 30 June 2024.
**7. Net movement in funds**
This is stated after charging:
|Depreciation
Gain on disposal of tangible fixed assets
Trustees' remuneration (see note 8)
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (excluding VAT)|**2024**
**£**
**17,533**
**17,347**
**8,236**
**1,274**
**3,350**|2023
£
21,018
-
7,378
948
3,200|
|---|---|---|
During the year, expenses totalling £1,274 were reimbursed to 2 trustees for sisters' expenses, travel expenses and the accounting software subscription (2023: 2 trustees were reimbursed £948 for sisters' expenses, travel expenses and the accounting software subscription).
14
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **8. Staff costs**
Staff costs were as follows:
|Salaries and wages|**2024**
**£**
**8,236**|2023
£
7,378|
|---|---|---|
No employee earned more than £60,000 during the current or prior year.
|Average head count|**2024**
**No.**
**3**|2023
No.
3|
|---|---|---|
The key management personnel of the charity comprise the Trustees. The total employee benefits of the key management personnel are shown below. Remuneration has been paid to two trustees for general office work, administration and bookkeeping. The Very Revd Lister Tonge has received payment for his services as Community Warden which involves spiritual direction for the Sisters.
|The Revd Peter Viney
The Very Revd Lister Tonge
Mrs Carol Ann Wotherspoon|**2024**
**£**
**2,196**
**700**
**5,340**
**8,236**|2023
£
3,138
1,400
2,840|
|---|---|---|
|||7,378|
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. During the year, three of the six total trustees have not received remuneration.
## **9. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
15
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **10. Tangible fixed assets**
|**Cost**
As at 1 July 2023
Disposals
As at 30 June 2024
**Depreciation**
At 1 July 2023
Charge for the year
Disposals
At 30 June 2024
**Net book value**
**At 30 June 2024**
At 30 June 2023
**11. Investments**
Market value at 1 July
Additions
Disposals proceeds
Realised and unrealised gains / (losses)
**Market value at 30 June**
**12. Investment property**
**Valuation**
At 1 July
Revaluations
Disposals proceeds
At 30 June|**2024**
**£**
**4,823,592**
**6,112,911**
**(6,214,155)**
**387,846**
**5,110,194**
**2024**
**£**
**1,100,000**
**-**
**(1,100,000)**
**-**|**Property**
**£**
**1,367,449**
**(609,950)**|
|---|---|---|
|||**757,499**|
|||**403,682**
**17,533**
**(163,117)**|
|||**258,098**|
|||**499,401**|
|||963,767|
|||2023
£
6,087,979
1,092,196
(2,328,425)
(28,158)|
|||4,823,592|
|||2023
£
950,000
150,000
-|
|||1,100,000|
16
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
|**13. Debtors**
Other debtors
Amount due after more than one year included above
**14. Current asset investments**
Cash held in investment portfolio
**15. Creditors : amounts due within 1 year**
Accruals
Other creditors|**2024**
**£**
**-**
**-**
**2024**
**£**
**481,178**
**2024**
**£**
**4,020**
**-**
**4,020**|2023
£
60,000|
|---|---|---|
|||30,000|
|||2023
£
144,212|
|||2023
£
4,200
335|
|||4,535|
17
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **16. Analysis of net assets between funds**
|Tangible fixed assets
Investments
Current assets
Current liabilities
**Net assets at 30 June 2024**
**Prior year comparative**
Tangible fixed assets
Investments
Investment property
Current assets
Current liabilities
**Net assets at 30 June 2023**
**17. Financial instruments at fair value**
Financial assets measured at fair value|£
-
4,516,170
-
-
**4,516,170**
£
-
4,823,592
916,894
-
-
5,740,486
Designated
funds
Designated
funds|£
499,401
594,024
557,807
(4,020)
**1,647,212**
£
963,767
-
183,106
234,511
(4,535)
1,376,849
**2024**
**£**
**5,110,194**
General
funds
General
funds|**Total**
**funds**
**£**
**499,401**
**5,110,194**
**557,807**
**(4,020)**|
|---|---|---|---|
||||**6,163,382**|
||||Total
funds
£
963,767
4,823,592
1,100,000
234,511
(4,535)|
||||7,117,335|
||||2023
£
4,823,592|
Financial assets measured at fair value comprise listed investments.
18
## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **18. Movements in funds**
|**Unrestricted funds**
_Designated funds:_
Care home fees
Eradicating modern day slavery
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**
**Purposes of designated funds**
Care home fees|At 1 July
2023
£
1,770,486
3,970,000|
Income
£
-
-|£
(269,549)
(954,767)
Expenditure|Gains /
(losses)
£
-
-|**£**
**1,500,937**
**3,015,233**
**At 30 June**
**2024**|
|---|---|---|---|---|---|
||5,740,486|-|(1,224,316)|-|**4,516,170**|
||1,376,849|221,871|(339,354)|387,846|**1,647,212**|
||7,117,335|221,871|(1,563,670)|387,846|**6,163,382**|
||7,117,335|221,871|(1,563,670)|387,846|**6,163,382**|
||For the three sisters in care to pay for the annual care home
fees over the next 10 years.|||||
Eradicating modern day slavery To support two charitable organisations working at the forefront of eradicating modern day slavery.
|**Prior year comparative**
**Unrestricted funds**
_Designated funds:_
Care home fees
Eradicating modern day slavery
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**|At 1 July
2022
£
2,000,000
5,000,000|
Income
£
-
-|£
(229,514)
(1,030,000)
Expenditure|Gains /
(losses)
£
-
-|£
1,770,486
3,970,000
At 30 June
2023|
|---|---|---|---|---|---|
||7,000,000|-|(1,259,514)|-|5,740,486|
||1,269,898|224,339|(239,230)|121,842|1,376,849|
||8,269,898|224,339|(1,498,744)|121,842|7,117,335|
||8,269,898|224,339|(1,498,744)|121,842|7,117,335|
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## **The Community of St John Baptist General Purposes CIO**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **19. Related party transactions**
See note 8 for trustee remuneration amounts paid during the year.
Barry Lynch and Carol Wotherspoon, trustees of The Community of St John Baptist General Purposes CIO (CSJB), are also trustees of The Clewer Initiative. During the year CSJB paid £546,500 to The Clewer Initiative in the form of grants payable (2023: £630,000) in support of their charitable activities. There were no amounts outstanding at the year end.
Alastair Redfern, who is also a trustee of The Clewer Initiative, received payment from CSJB in the form of grants payable. During the year CSJB paid £20,000 to Bishop Alastair for undertaking activities for The Clewer Initiative (2023: £20,000). There were no amounts outstanding at the year end.
Barry Lynch is also trustee of The Medaille Trust. During the year CSJB paid £408,267 to The Medaille Trust in the form of grants payable (2023: £400,000) in support of their charitable activities. There were no amounts outstanding at the year end.
Mary Britt and Anne Proudley, trustees of CSJB, receive private benefit from the charity who pay for their care home fees. During the year CSJB paid £92,787 (2023: £84,711) for each trustee in respect of their care home fees.
Mary Britt and Anne Proudley's pension and attendance allowance is received by CSJB as a donation. During the year CSJB received total aggregate amounts worth £17,494 and £19,965 for Mary and Anne respectively (2023: £15,135 and £17,526 for Mary and Anne respectively).
20