REGIsfERED CHARrrY NUMBEIL" 1203056 REPORT OF THE TRiisfEES AND FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024 FOR SAINf JOHN'S TRU CHICHESTER Lewis Brownke Ichichester) LimÉed Chartered Accountants Appledrnm Barns Btrdham Road Chiche%ter West Sussex P020 7EQ
SAENTJOHN'S TRusf CHICHEStER CONTEKfs OF THE FINANC ATEmE[[S FOR THE YEAR ENDED 3X DECEMBHi 2024 Page Report of the Trustees I to 3 Independent Examiner's Report Statemert of Finanaal PLtivtb'É% Balance SE*et Notes to the Finantial Ststements 7 to 11 Detsiled Statement of Yinanaal ActNities L2
SAIP JOHWS TRUST CHICHEsfER REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present thdr rq)ort with the finanoal 5tatemerts of the charity for the year er¢ 31 December 2024. The tru5tee5 have adcoted prowsor6 of Accwnting and Rq)orbThJ ty Chare5. Stat¥nent of Recommended kncbce applicable tr) charities prq)aring their accourts in aCt0rdan with the nana Reporting Stsndard apIcable in the UK and Repthlic of IreL3nd (F 1021 (effective l January 2019). OBJEcfivES AND Acnvm objecti and aims The objwts of the charity are ts further the rdigiow and other charitsble work of the Church of England in the ecdesiastical parishes of St Paul's Chichesier, St pancr and St John Chichestr. St Wilftid Chichester and the parish of Whyke St (orge wf(h Rumboldswyke St Mary and Portfielij All Ints. In addibon the charity seekg to furth the rel5 and oth& charitBble work of the Catheilnl Church of the Holy Trinty Chichoer. Significant xtivities Following the 5etbng up of the Saint John's Trust thichester {CtO) Charity No 1203056 on 12 May 2023 811 finartial activiiTes have Ien trantsred from the pfftvious St Johns Trust Chichester arity 29SIII. Trnnsfer of the propety assets has Thjt yet been completed but continLES to be progressed by the Chariti legal represertstiv- Alexander Anderson of Winkworth Sherwood LLP. Public benefft The Trustees confirn that have paid due rrd the rdewdnt sOr of the Charities Art 201L and The Charity Commiwon's gubjae on PLI)IK trEnefit and the limitati(KL5 imp)5ed by (thariws own constitLrtion in deLiding what ctiiqties the Charity should und8tske. Whil# the èctimties are constrained to a lirnited ge(xJraphKal ar and prowding supwrt to aciwties revant to the defined Chutth of England Parishes and the Cathedral this gants to be nkde which on benefft a wde sethn ofthe public. Grartlmakin9 The followiThJ Gr4nts were transferred from the charity.. l) Confide CoufselliThJ - £10.800 payaNe quarterly over 3 years- last paymL. 01 April 20 2) Chichester HEART proiett-£22,000 paYae quartthy over 3 years- last yMent.. 01 August 2026 3) Pregwncy Options- £15,000 payable quarterfy over 3 years - last payment: DI Novembcr 2026 4) Chichester &thedral Trust- £18,000 rYable quarterly over 3 years - last payment.. 01 JU 2027 Grants approved in 2024 l) Chithester Cty Centre Drop-In- £5,000 ptyab]e immediately 2} St George's Youth Worker- £15,000 pe qrterlY OV 3 years- last Vrnent 01 <ktober 2027 Property The Charity has tsvo woperty interests for which ownership sbll lies wth the charty No 298111. 62 S7•vanfield Drive.. jointly owned wth the PCC of the parish of St Pancras and St John. and in the I$tOlan Trusteeship of the Chichester DSocesan Fund and Board of naTr. The property remains under quinquennial insffjion and is in broadty Satisfactory condtbon. The propeity is Curre#Y to a private t[nt whose citumsLance5 align with the objecrwes of the charity. After expenses I rertsl income is shared t34ually by the Trust and tF)e PCQ St John's Church Hall.. The hall and surroundiTrJ grounds, oWnj by the Trust is attached to tfr.e St John's Chapel, a Grade i listed building tswned by the Church Conservation Trust The Chithester Fcthl Bank was the tenant of the Hall until 20 November 2024. The Hall iq now unoccupied TrL is compiling a schedule of work which 15 required to mairtain the building an £xpettati that (t will be relet for an extended period of time from the fourth quarter of 2025. FINANCIAL REVIEW FinancÈal posttion The listed invesbnents made an unrealid gain of £53,381 in the periLxI frorn l Janury 2024 and 31 DecemLer 2024. Income arisin9 in the paiod arnounted to £33.510 bein9 inva%tment iTuime and expendIre arnoun to £40,268. rotsl at 31 DecenJer 2024 were £1,075,563. Page I
SAAKfJoHN'S TRusf CHICHEsfER REPORT OF ThE IRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FiNANCL4L REVIEW Investment policy and obiertÈv& The TUFKIO 6fe invested irb a vdl spread wrtfDlio wich obj&ve of achieviny a th18 between (Xpitsl growth and income. The Trustees require their Invesbmt Adv5 JM Ann & Co Ltd to maintain the portfolio thrOh investment in sound leading stocts, which ère capaiAe of thing a dnTrult pericKJ in VE financial makets. Ethiol inveso considerations are tsken into account when determining investment strategy. Resetves policy As at 31 December 2024 the had fe reserv totslliro £43,035. TtrEse rerVeS a suffiuent to enre that t arily could continue to meet all its approved grants in event of a sijnifithnt drop in irKome froffi the invesknent portfolio. FUTURE PLANS Plans for include: C(Hnpleting the thrfer of the propty assets from the old St John's Trust Charfty to ttrt new Cto and finalty mLYging the two Chart&. COme"ng renovation and repair worfts to the St John'5 Hall and then rdetting the btslkllng so trot il can o)nty'nue to used for in line with the Charty Objectiv Consdering requLS for, 2nd maknng further gmnts which are within the firncl?1 capaoty of the tr and ThEet the defined objtttros of the Charty. STRUCnJRE, GOVERNANCE AND MANAGEMEP Govérnlng documettt The charity was regi5ter8J on 12 Nay 2023 as a Charitsble InCpOration OrnisatiOn (ao) under Foundadon model. The charity ss cOntrold by ts governing docurnenL REFBiENCE AND ADMINISTrAITVE DETAILS Registewed Charity number 12D3056 Prindpal address thedTrl Ofice The Royal Chanry CathedRI a01st$ ChicFeer West Sussex P019 IPX Trustees R Ashby M Heald C JneS R Kidd V Leslie A Sciclur Wainwright (appointed 1511012024) Independent Ex3EEbiner Sarah Me%and* FCCA FCA Lewis Brownlee {ICheSter) 'MIted Chartwed Accountants AppledTam Barr6 irdham Ro6d Chjvhester West SueX P020 7EQ Page 2
SAINT JOHN'S TRUST CHICHEsfER REPORT OF TrIE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AM) ADmINIlIvE DEfAILS Clerk S Holloway (resigned 2311012024) D Forl (appointed 2311012024) Administration Address 65 w¢Ster Road Chicheer West SueX P019 SEB Bankers CAF Bank Ltd 25 rn95 Hill Avenue West Malling ME19 4iQ InvestmentAdvisors JMfinn&Co 25 Q)pthall Avenue London EC2R 7AH All correSpondee reg¥ding the adrninistration of the tha ' should be sent to the Adminiratlon Sre&* Approved by order of the b)ard of trustees on ........... ....... ......................... arnl signed on fts behalf by: R Kidd- Twstee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUS OF SAINT JOHN'S TRUST CHICHEsfER Independent examlner's repfAt tts truste&s of Saint John's Trust Chichester I ",eport to the charity trL£k&s on my exarnination of the accounts of &irTt John's Trust Chichestw (the Trust) for the year etNJed 31 December 2024. Responsibilities and basis of PLt the charity tfustees of the TnJst you are re4)on£ible for the preparation of the coUnts in accordance with the -, eqLrirements of tIR Char Art 2011 {'the ACV). I report in pert of my eyamination of the Trust's accounts out under SectKJn 145 of the Art in rying out rny exarninatn I héve followed all apICate Directions gniw) by the tharity Cornmi55un under Sion 14515)Ib) of the Indepe&ent exariiiner'5 statement I have comieted my examination. I confim that no m&ial matters have come to my attention in conn¥b(n ¥vith the examination giving me cause to believe that in any material respect: tcounting records were rx)t kept in resM of the Trust as required by Section 130 of Att. or the accounts do not 6ccord wth those rords' or the accourkts do t comply vth the applcable wuirements 0)nrnIng the form and content of accounts set out in the Charitie5 (Accounts and Rep)rLs} Regulations 2008 other than any requirement that the CoUnts give a true ar ftir view which is not a matter cortydered as part Df an independert examination. I have no concems and have come acro no other Triatters in ¢onnecDon wrfh the oxamlnation to which attention should be drawn in this report in ordw to enaye a proper underanthng of the accDunts to be the. Sarah Aleknder FCCA FCA Lewis Brownlee {CThicheer) knmited Chartered AccoiJntants Appledram BarrLS Birdham Road Chicheer West Sussex P020 7EQ Page 4
SAINf JOHN'S TRusf CHICHESTER srATEMENT OF FINANCTAL AcrIvrrEES FOR THE YEAR ENDED 31 DECEMBER 2024 Period 1215123 Year Ended 31112124 Unrestricted fund Total funds 31112123 Not INCOME AND END0WmEK FROM DOtiOnS and legaaes Investrnent COrne Totsl EXPENDMIRE ON Raisitw fund5 4,814 697 Charitsble aciivilies Religiou5 and Charitable Work of the Church Df England 165 Totsl 40.268 862 Net gains on investments 30.240 61,841 INCOME Other reco9nised gain51(losses) Transfers from St John's Trust, Chichester 23882 62,633 41.816 Net movement in funds 65,298 1,010,265 RECONCILIATION OF FUNE)S Totrdl ftjnds brought forward 1,010,265 TOTAL FufiDS CARRIED FORWARD 1,075,563 1,010 265 The notes form part of these financial Statents Page 5
SAI JOHN'S TRusf CHICHEsfER BALANCE SHEEr 31 DECEMBER 2024 2024 Unrestricteql fund Total funds 2023 Notss FIXED ASSErs Investsnents 1,031528 1,005,804 CURRENT ASSErs Cash in hand 45,435 4,461 CREDoR$ Amounts falling due within one year LO (2 400) NFf CURREWT ASSETS 43,035 4,461 TOTAL ASSEfs LESS CURRENT LIABILITIES ¥075,563 1,010,265 NET ASSErs 075 563 1010 265 FUNDS Unrthcted funds li 1075,563 1.010,265 TOTAL FUNDS 1,075 $63 1 010 265 The finaKi¥ statunents were approvèd by the PA)ard of Trustets and auth0ri58J for issue on . and were signed on betrk31f ty.. R Kidd- Trustee The nDtes forrn part of financ1 statements Page 6
SAIKfJoHN'S TRusf CHICHESTER NOTES TO THE FINANCIAL STATEMEPlfS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNtING PWCIES Basis of preparing the t7Aancial stements The finantral grtemefits of the charty, which is a puilic bd)èfit tity Und FRS 102, have been prepared i accordance wrth Ihe Charrtyes SORP IFRS 102) 'Accounting and Repoffjng by Ci)aritses: temeRt of Recommended lctice ap1ble to charities preparTng 1[ acc()urts in acc¢ydarKe with the financial ReporbrYJ StaTht3rd appIable in the UK ar¥J Rewblic of Treland {FRS 102) leffettive l January 20L9)', Financial Reporting Standard 102 Tr nanCIal Reportfng Standard appIle in the UK and Republic of Trard, and the chae5 Act 2011. The finanoal statements have been wepèred under the historical ¢ost convenb"on, wth the exption of investments which are included at market value, as Modifi by the revaItion of Ctstsin assets. Financial reporting Straard 102 - reduced disdosurè exempttons The charity tsken advantsge of folbwing dsdosure exemption in preparfjng these financial ststements, as perntttred by FRS 102 The Financial Reporbng Stsndard applioble in the UK and Republic of Irda,. the requirwnents of Sedon 7 Statsment of Qsh How5. Income AJI income is recognsed in the Statement of Finanaal Artimties once the hès entiueMtt to the knds, it probable that the Incor will be re and amount can Ik MeUrl reliably. Expenditure Bbilities 3re rMised as e¥penditure as scon as there is a legd or constnxtive otsigation committing the charity to that expen(tiLure, it is probable that a transf of economic bpJeffts will be required in settlement and the amount of the obligation be measureil rbly. ExpeTrliture is urted for on an èccruals basi5 and has been classrfied under headings that ag9fygate all cost rdated to category. wre costs cannot be directty attributed to parbcular heading5 they Fve been allocated to actimties on a 51$ wnsistent with the use of rea)u5. Grnr)ts offed subiett ts condthon5 thch have not been met at the year end Lyate are noted a5 a commtlment but not aC(TLted 35 expenditure. Raisir#J funds Costs of geneTrting funds comprise ttrKJse costs dirw attributable to pvblrigng the Charty. Charitable acllvltiÈ* Resour5 expended on the charitsble activitles of the Trust indude the dirert ¢05ts of grants made. Taxatlon The tharity LS exempt from tsx on its charitrble activities. Fund accoulTr9 Genwal funds are unrestrictsd fiinds which are available fDf use at dixretion or the trustees for Pa"CUlar purposes. DONATIONS AND LE&4CIES 1215123 to 31112123 Year Ended 31112124 Giftg 40 Page 7 continued...
SAI JOHN'S TRUST CHICHEsfER NOTES ro THE FINANCIAL sfATEMENTS- continuod FOR THE YEAR ENDED 310ECEMBER 2024 INVESTME1 INCOME Perfod 1215123 to 31112123 Year Ended 31112124 Investment inttime Dewsfc account interest 31771 699 1,583 71 33A470 1,654 RAISING FIFNDS Raisiry donations and legaae5 Pericrfl 1215123 to 31112123 Year Ended 31112124 Inve5trnert managemert 697 CHARABLE ACTIVMES cosrs Grart funding of artivities Support (see note costs (see 6) note 7) Direct Totals Religious and CINirita)le Work of the Church of England 25.100 35.454 GRANTS PAYABLE Period 1215123 Year Ended 31112124 31112123 Rdigious aThd Charitable Workof the Church of ErvJland The totsl grants paid to irkitutsoNs the wa5 as follows.. Period 1215123 to 31112123 Year Ended 31112124 Confide Counselling Pregnancy Opti5 Chich Cir¥ Centre Drop-ln Chichest¥ HEART for Homdess Chich&tstsr Cathedrdl Restoration and Devthpment Trust ao 3,600 5,000 5,01)0 10,000 Page 8 coMb"nud...
SArMrJoHN'S TRusf CHICHEsfER NOTES TO ThE FINANCIAL sfATEMENfs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT cosrs Governance Management Totals Rdigious Charitable Work of the Church of England 2,847 TRusfEES' REMUNBiATZON AND BENEFtrs No trustee or rerson rdated or conrEcted to them recaved any rernUneratrn from the Charty durirHJ the current or pr&&ing yeAr. The outgoing c1k to the trustees rv& an hornrarium of £2,250. TSteeS, experse5 There were no trUstS, expen paid for the yw erKJed 31 December2024 nor for the period ended 31 D<anber 2023. FIXED ASSEf INVESfMENrs Cash and investments pendiwry Totals mARIr VALUE At L January 2024 Additions Di¥osals Revaluations 1,003,357 2.447 1,005,804 250,529 272,390 522,919 (294,233) (255,343) {549,576) 53.381 53,381 At 31 Dernber 2024 19 1013 034 94 1,03 NEf BOOK VALUE At 31 (krernb 2024 ¥013,034 19,494 1.031528 At 31 Dnber 2023 1003.3 There were no investment assets outside the UK. Investments that are indiifjdualty mateifal within the investment wrtfolio are detailed as follows: 2024 2Q23 North Amwcan Income Trust JP Morgan Glthl Growth & lrtome Ac Artemis Investrnent Funds ICVC COrate FA)nd Edinburgh Investment Trust Blackrock Fund Managers Ltd scotb.sth ArrErican InvethgJ 69,275 E8,268 50.770 74AQQ S660 61,625 55,325 53.500 Page g CDntinued...
SAINT JOHN'S TRusf CHICHEsfER Nffts TO THE FINANaAL STATr1ENTS- eorttinued FOR THE YEAR ENDH) 31 DECEMBER 2024 FLXED ASSET INVEStMEritS- continued Cost or yuatiOn at 31 Dber 2024 i5 sented by.. Cash and Listed settlements pending Totals Valuation in 2024 1 013 034 19 CREDITORS: Amour FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and defe irrne 11. MOVEME IN FUNDS Net movement in fund5 At 31112124 At 111124 Unrtstricted funds General fund 1,010,265 65.298 1,075,563 TOTAL FUNDS 1010 265 1.075 563 Net movement in fvnds, induded in the atM)ve are a5 follows: Incoming resour Resou Gains and Movemert expended in funds VnrestriLted funds Genera fuTh 33,510 (40,268) 72,056 65,298 TOTAL FUNDS 72 411268) 50 65.298 Comparativesfoy movement in furKIs Net movement nfvrnts At 31112123 Unrestrirted funds General fund 1,010,265 1,010,265 TOTAL FUNDS 1,010,265 1,010,265 Page 10 continued...
SAINTXIHN'S Trusr CHICHEfftR NOTES TO THE FINANCIAL sfATEMENTS- contsnued FOR ThE YEAR ENDED 31 DECÈNBER 2024 li. MOVEMENT IN FUNDS- continued C(Thwrative net movement in fund5. included in the above are as follo". Incoming Resources resour expended Gains and Ms)vement in funds Unre5tticted funds General fund 1862) 1,009,473 I,CTIO,265 TOTAL FUNDS 8621 1009,473 1010.265 12. RELATED PARTY DISCLOSJRES There were r¥) related party trar8CtnS for the y&r eed 31 oanber 2024. CHARTfABLE COMMmEr1rS 13. 2025 2026 2027 Ccfflfide Counselling Chichester HWT for Homeless Fyegnarry Options Chichester cathra1 R*orafion & Development TrLSt ao St G)rge,5 Youth Worker 3,000 7,000 5,000 6,000 5,000 2,4Q) 5.000 5,000 6,000 5,000 2,400 4,500 5,0 Page 11
KrJoHN'S TRU CHICHESTER DETAILED sfATEMENT OF FIPIAMCIAL ACTEVMES FOR THE YEAR ENDED 31 DECEMBER 2024 Period 2023 to 31112123 Year Ended 31112124 INCONE AND EP4DCWMEKts Donations and Itga¢Yes Gifts Investment income InvMent incorrte Deposft account interest 1,583 71 32,771 699 33 Totsl Incomi 50r 33,510 1,654 EXP£NDrnIRE Raising donatiorÈs and le9èoes Investsnent management ts5 697 4,814 Charitable activiti Insurance Repairs arKI mainEnan Potssional [S Grants to InstiOIS 1,668 1,347 1,360 25,100 29N75 Support costs Management Oiher costs Clth's h¢norarium Bank charge5 537 2.250 60 150 15 4847 165 Independent Miner'S fee 3.132 Totsl resources werQed 40,268 862 Nef (expenditure)lin¢ome IRfore gains and (6,758) 792 Realised reco9trMse(I gain5 and Ir6ses klId gains/(losses) on fixed asset investrna (23 141) Net (expenditsre}lincome (29 899 792 This p3ge (h)es not fomi part of the statutrry financial statnts Page 12