REGISTERED CHARfry NUMBER: 1205056 REPORT OF THE TRusfEES AND FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2025 FOR SAINT JOHN'S TRU CHICHEsfER Lewis Brownlee lthich¢ster) Limited Chartered Accountants ApedM &rns girdham Road Chichester Wast Sussex P02D 7EQ
SAiwf JOHN'S TRUST CHICHEsfER CONTEF¥fS OF THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 DEcBE 2025 Page Report of tho Trustees I to 3 IndeperKlent Examiner'$ Report statement of Finanaal Activities 8alan* StRet Notes to the Financial Statements 7 to 12 tktailed Ststement of Finanaal Artivities 13
SAINT JOHN'S TRUST CHICHESFER REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 DECEMB&i 2025 truste prent their reF¥)rt with the financial statements of the charty for the year dea 31 December 2025. The true have alopted the provigons of Accounting and Rq)OTtr,rYJ ty char"e%: 5tstement of Recommended Prathce applicable tr> charitse5 preparing thar accounts in accordance wth the Financial Reporting 5tsn(krd applicable in the UK nd Republic of Irdand (F 102) (effettive l January 2019). OBJEcfIvES AND ACt]VThIES Obiecttves and aims The objects of the Charity, as defin&f in the ConstttrtK)n dated 12 May 2023 a.. to further the rdigious and otrr charitsble work of the Church of Éngknd ill the ecclesiasbcal parpsh@s and xtra-parochl area of: . St Pancras and % John, (hichester. st wirid; - Whyke, St Ga)rge with Rumboldswyke, St Mary and Portfield, &ints; - The Cathedral Church of the Holy tiinty, Chichester and ts Close. Public benefit The Trustees conflrm that they have paid due regard tr> the relnt seLtions of the Charities Att 2011 and The tharity COMson guidan on public benefit and the limtstiors impDsed by the Chartty's Cc>nstitution in deciding what activfaes the Charity should sUPPOrt. Whilst the Choi of actvities if limited by geogTrphical area, and the requirement to support the work of The Church of England this does albw the Trust to make Grants in supp)rt of a wide range of activities which tan benefft a de s&tion of the public. Grantmakiny The foll0vng grants ve bew paid in 2025.. Confide Counselling: ,000 - Grant continue5 until April 2028 - HEART.. £7,OOD- Grant continues until Nov8nber 2026 - Pregnanq Options: £5,000 - GTrnt continues until TrknvemLv 2026 - Cathedral TrL4 youth oUtrch. £6,000 - Grant continues until July 2027 St Geory¢s youth worker.. £5,000- Grant continues until Cktoter 2027. In light of the agreed programme of Gnt maknng1£26,0(p3), and the c05t of pair work to the Hall, the Trust assessed that there was no more capacity kn make addonal Gtsnts in the immedpte fvture. This Fosition is reviewed at each quarttrty Trusiee meeting. Property The Trust has t propety inter.. 62 Swanfietd Drive, Chlchester, P019 6TD, Land Registry No". WSX 147582. Thi propety is jointly ownsj with the PCC of the parish of SL Pancras a1 St John, and in the custodianship of the Chichester Db)c¥an Fund an¢ Board of Finance. Day to thy margernent of the property liÈ5 with trÈ St Pancffjs PCC. The property is currentty let to a private tenant whe CiicuFrthnC al with the objthes of the Trust. After expenses the rental income is shared eqLElly by the Trust and the PCC st John, Church Hall, St Johns Street Chichester P019 lu Registry No. WSX319226. The Hall arxl the grounds surrounding the Grade I listed St John's Chapel are owned by the TrusL At prert the Land Registy still Identify the owners a5 previous Trusts of the old charity 298111. This is being reg)Ived. The Hall ha5 been empty for the entire year. A pmgramme of work to repair and pr2rve the building has started; cotnpl&ion has bTr delayed followir¥J challenges with ward to reouired planning p-rrNlIOTrs as the Hall is within the curtilage of the Chapel. Those issues trve bn resolved, and it &Y1>ett thai building work will completed ty May 2026. The intention ttien is ts let the Nall to a suitable tenl Page I
SAINTJOHN'S TRusf CHICHESTER REp(r OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL REVIEW Finanoal position Income arising in the p[0d amounted to £49,429 {2024.' £33,510) arvj expenrf1re amounted to £73,829 (2024-. £40,268). Net gain on investrnents amounted to £51,651 {2024.. 0,240> and gains on revaluatn of fixed assets amounted to £16,788 (2024: nil). Totsl funds hdd at 31 Dernber 2025 were £1,759,45212024= £1,075,5631- Investment policy and objectives - nge from JM Finn to Trirtity Bridge Funds invested a wide spread of p)rtfolio wth a medium appetite Using C of E approath to ethical investing - oblve for 2026 is to grow the c3Pit31 inveed to rVer cust of building work at the hall. Reser¥es policy at 31 December 2025 the Trust had free reserv totslling £115,270. The rewrfes have been increased from the levd at 31 Dember 2024 to erGure funds are immedvately available to Ver costs of building work and a&0 to ensure fund5 sufficient to cover 2 years expenditure in the event of a 5ignific6rt drop in incoTTE from the invethent porttolio. FUTURE PLANS Plans for 2026 incIJe.. Completing rerv)vatiDn and Kir work on Hall and then ktknng the Hall to a suitable tenant CDmpleting transfer of the properties to the Cto and dosing the old St John's Trust Chich*er cha17ty No:298111 Providing fijnds are availae. rÈroMMen the pr5 for maknng Grants to OryanitionS wh)se OFErations meet the defin objectives of the TrusL RUCTUR4 GOVERNANCE AND MANAGEMENT GoverniThJ document The TnEt was registued on 12 May 2023 as a Charitsble Irtcorporated Organisation (CIO) undw the FouThlation model. The Trust is controlled by ts governing document. REFERENCE AND ADMINISTRATIVE DEfAILS Re9iStered Charity number 1203056 Prinapal address CathedTrl Office The Royal Chantry Cathedral Clolsters Chichester W&¢t Sus P019 IPX Trustees R Ashtiy (re9gned 7nl2025) M Heald Cjam R d (res¥gned 131812025) V Leslie A kicluna (resigned 1717120251 N Wainwright Ms B Condron {appolnted 1011112025) Rev E M Collins Ip4)pointed 2511112025) Ms J Kondabeka laprKJint81 LI612025) Page 2
SAINf JOHN'S TRusf cHIcHER REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 REFERENCE AND ADMINIsfRATniE DEfAILS IndÈpÈndent Examiner Sarah ly3nder FCCA F(A Lewis Brownlee Ichthester) Llrfted Chartered Accountants Apple(*am Bary BIrdM Road ChKhester West Sussex P020 7EQ Clerk D Ford Administration Addre55 65 Worcester RDad Chichest West Su P019 SEB Bankers CAF Bank Ltd 25 ngS Hill Avenue West Malli Kent ME19 4JQ Investment Advisors Trinity Bridge Wigmore Yard 42 Wigmore Street LorOn Wiu 2RY All Corresponden rrdIng the administratlon ofthe Charty should i sent to the AdmintratIon address. Approved by order of the l)Dard of trus on .......... . and signed on tts tehalf ty.. C Jarnes- Tru&ee Page 3
rNDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF SAINfJoHN'S TRusf CHIaiE¥fER Independent Èxaminer's report to the trustees of Saintjohn's Trust Chich05ter I rewrt to the charity trus on my examinatr.on of the accounts of Saint Jtshn's TFUSt chh (the Trust) for the year ended 31 December 2025. Responsibilities and basis of report As crity trusks of the Trust are rewle for the prepaTrtion of the accounts in accordawe wfch the requirements Of the Cha Act 2011 ('the Act.). I report in re5pett of my examination of the Trust's accounts carried out under Section 145 of the Act arxl in carryirKJ out my thmination I have followed all aprAicable Dir¥tion5 gNen by the tharity Commis&on under Settion 145Q51{b) of the Independent examiner's ststèment I have completed my eKamination. I confirm that no mdterial matters have come tD my attentron in conn&ion with the examination gi1ng me cause to bdieve that in any matertal respect.. aOunting rec5 were not kept in r¥ett of thè Trust asrulred by SeLtion 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not (Dmply th the applicable requirements ConMIng the ft>rm and content of accounts out in the Charities {Accounts Rep)) RUlatiOnS 2008 other than any requirement that the accou51ts give a true and fair leW which a mattw consider8J as part of an independent examinatk)n. I have no cCS and have come across no oth¥ mattery in conrEthon wth the wmination to which atteniion should LE drawn in this report in order to enable a propLr understanding of the accounts to be reached. r8hA exan er Lewis Brownlee (Chichester) Lirned Chartered Accountsnts Appledram Barns BirdE Road (Jichester Susx P020 7EQ D3te'. Page 4
SAINT JOHN'S TRUST CHICHEsfER ATEMENT OF FINANCIAL AcrIvrtlES FOR TrIE YEAR ENDED 31 DECEMBER 2025 2025 Unr85tricted fund Total funds 2024 Notes INCOME AND ENDOWI4ENfs FROM DotiOnS and lejaci 3,000 40 Investment Income 33,470 Total 49.429 EXPENDrruRE ON Raising fund5 5,574 4,814 ChaYitat4e activities Religious Cthritable Work of the Church of England 68,255 35,454 Totsi 40,268 Net gains on investments 30,24Q NEY INCOME Other recognised gaiAsl(losses) Gains on reluatIon of fixed assets Transfers from St J)hn's Trust, Chichester 27,251 23,482 16,788 639 850 Net movement in funds 683.889 65,298 RECONCILIATION OF FUNDS Totrl fuThJs brought forward 1,075,563 1,010,265 TOTAL FUNDS CARRIED FORWARD 1759 452 1075 563 The Ststement of Finan¢ial Activiti iludeS ajl gains and low recognised in the year. The notes fomi part of the financial statements Page 5
SAINT JOHN'S TRusf CHICHEsfER BALANCE SHE 31 DECEMBER 2025 2025 Unrestricted fund Totsl funds 2024 Notss FIXED ASSErs Tangible assets InVtments 656.638 io 1032 528 L644,182 1,032,528 CURRENT ASSErs sh in trnd 119,463 45,435 CREDrroRS Arnounts falling due wthin one year li {4,193) (2,400) NEf CURRENT ASSErs 115,270 43,035 TOTAL AssEfs LESS CURRENT LIA8ILfnES 1,759h52 1,075,563 NET ASSErs 1759 452 1,075,563 FUNOS Unrestric$ funds 12 1,759.452 1075 563 TOTAL FUNDS 1 759 452 1075 563 The financial 5tstements were approved by the Board of Trusw and authorised for issue on and were signed on ts behalf by.. C JaM- TnJ51ee The fom part of these financkil statement5 Page 6
SAINT JOHN'S TRUST CHICHEsfER NOTES TO THE FINANCIAL SrATENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTJNG POLICIES Basis of preparlng the financial statements The financial ststements of the th?rity, which is a public benefrt entity under FRS 102, have been wepar& in accordance with the Charities SORP IFRS 102) 'AccountirYJ and Reporting by Charib"e5: Statement Df Recommended P8¢Ce apFIic3ble to chariti& preparing their accounts in a¢than wrf(h the Fnanciol RetN)rt¢ng Standard applKable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Finarrial RerK>rting Standard 102 'The Fina131 Repon9 Standard applicable in the UK and RepU1C of Irdand, and the Charities Act 2011. The fintial statements have been prepared under the historical cost convention, wth the exceptic>n of investments which are included at market valuè, a5 mcéified by the revaluation of certain assets. The financial ststements a prepared in sterling, which is the functional currency of the Charity. Monetary amounts in the finarKial statements are rounded to the rearest tyund. F5nancial reporting stsndard 102 - reduced disdosure exemptions The charity has tsken advantsge of tkE following disclosure exemption in wepartng the financial Statents, as pertnitred by FRS 102 Tre financial Reporbng Standard opplicable in the UK and Republic of Irdand,: the requirements of Section 7 dtement of Ch flows. Income l income is recognised in the Statement of Finanaal Actii4ties On the charity entiuemert ts) the fvnds, (c is pmbable that the income wli I te réteived and the amount can be measured rellably. Expendtiure a"lIties are recognised * expenditure as soon as tr£re is 8 legal or constructive obligation comm¥tbng the charity to that exFenditure, is probable that a transfer of econornic beJ)efits will be required in setuement and the amount of the obligation on be measured reliably. ExpKfiture is aouunt& for on an accruaJ5 bags and has been classified Und headiThJs thèt aggregate all cost retated to the category. Wher& costs cannot Le direcuy attributed to particular headings they have all(ated to actiwties on a basis Consstent wth the of resour. Grants offered subject to corKJitKJns whith have not been met at the year etxj date are noted as a commthent but not accrued as expénditur Raising funds Costs of generating funds c(Thprise those costs direttty attriltrb1e to publicisng the Charty. Charitable actie$ Re9)urces expended on the chaTttabl¢ acbvTties of the TTUSt include the direct CC6tS Df grants made. Freehold property Tho Charity has to dert from the ChtieS SOFTr and hold its properties under the rèvaluation model. Properbes are initially rniSed at cost and subsequendy revalued. Valuatiors have been derived for these a55ets as shown below". 62 Swanfield Drwe, Chichester (half share) - an informal luatIon by a surveyor Hall- insured value The parh obtained an infomJal SUTvey of 62 Swanfiel(J Drwe before the property transferred tti the CIO, which forms the basis for the 2025 figures vA)ich the corGKler to te satisfactory. The Hall is now man2ge6 by the Trust and a progrdrnme of repair and rOrdt)n work ha5 5tsrted. It is deem& appropriate to reflett the Hall at its insured value due to the nature of the property and the lack of alternative intsrnation avaiLab. Professonal continues to be tsken in that regard. £sets purchased with an initlal cost exceeding £500 a capalised. Page 7 continued...
SAINTJOHN'S TRusf CHECHEsfER NOTES TO THE FINANCtAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLIUES- continued Depraciation Land is not deprlated. No deprtrOn is provided on fr*hold property as are maintained in reasonable repair and it is consided thèt reydual waluts are swth that depreciation 15 not ggnifi(anL The requirement to complete an impaimient review is undertaken annu311y. Listed investments sted investsnents are measured initially at cost and subsequendy at ftir valLE. The Ststement of FirErrial Acbwties indudes the net gains and losses ari%ng on r¢valuats"uns and dispo15 thrDLJghout the year. Financial IrUMents The Charity only ha5 finala1 assets and fillan<ial liabilitie5 of a kind that qualify as ba&c finanoal instruments. Basic finala1 instruments are recognised at amortised cost using the etstive interest method Ljsed unless the effeci of dixounting would be immaterial, in which case they would be stated at cosL The Crity his no advanc& [ncIal instrument Taxation The tharity is exempt ftDm tsx on rts charitsble athiits"£s. Fund aUting Genetsl funds are UnrItted funds vthich are availaNe for use at the dixretion of the trLStees for particukr purF0. DONATIONS AND LEGACIES 2025 2024 Gift5 GTrnts 40 Gffjnts recaved, included in the abov< are as folkn.. 2025 2024 Chichester Qty Distritt CDurul XNVEsfMETr¥f INCOME 2025 2024 Rents reWed from 62 Swanfidd Drive Investment income DeFx)Yt account interest 40,061 1,922 31771 699 46,429 RAISING FUNDS Raising donations and legacies 2025 2024 Investrnert management fees Page 8 continued...
SAITrTf JOHN'S TRU cHICHER NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBHi 2025 CHARtrABLE AcfIviTIES cosrs Grant funding of activities (see note 6) Support costs (see note 7) Direct Costs Totsls Religio and Charitable Work of the Church of England 1773 GRANfs PAYABLE 2025 2024 Religious and Charitsble Work of the Church of England The totsl grants paid to institutions duriThJ the year was as follows.. 2025 2024 Confide CounsdlirKJ Pr4nano Options Chichester City Centre Drop-In Chichester HEART for Hornel Chichester Cathalral Roraty"on and DevelopmentTrust CIO St George's yCh WO 3,000 5,000 3,600 5,000 5,000 10,000 1,500 7,000 6,000 26,000 25,100 SUPPORT COSTS Governance Managennt Totals ReligioLS and Charitsble Work of the Church of England 673 2,100 TRusfEES' REMUNERATION AND BENEFTrs No trusiee or rsOn related or connected to them recgyed 3w remuneration from the Charity during tr Cunt or pre¢tsJing year. TrusteL%' expenses There were no trustees, expenses ld for the year eIed 31 DecemLEr 2025 nor for the year ended 31 Decèmber 2024. TANGIBLE FIXED Freehold property cosr OR VALUATION Transfer from Stjohn's Tru< Chichester RelUatIOnS 639,850 At 31 Decetnber 2025 NEf BOOK VALUE At 31 Drnber 2025 656 638 At 31 DeMb¥ 2024 Page 9 continued...
SAIMf JOHN'S TRU CHICHESfER NOTES TO THE FINANCIAL sfAfEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 TANGXBLE FIXED ASSEfs - con¥nued The properties were tranSfd frorn St Johns Trust Chichert on l January 2025 at their deemed cost of £639,850. Subsequent to this St JotMI's Hall was valued to iys insured value, knis being £496,638. The share in 62 Swanfidd Drwe ig held at iys informal 29 value, as conduLtsd by a surveyor, this being £L60,000. Cot or valuation at 31 Dember 2D25 is representth by.. Freehold property Valuation in 2025 Cost 16,788 639 850 656,638 10. FIXED Ass INVESTMEtr¥rs Cash and Listed settlements investments pending Totals MARK VALUE At I january 2025 Additions Disposals elUb.0ns 1,013,034 19,494 1,032,528 1,041.062 1,290,951 2,332,013 [1,095,250) (1,294,971) (1390,221) 13.224 13,224 At 31 December 2025 972,070 15,474 987,544 NEf SOOK VALUE At 31 Decembw 2025 972,070 15,474 987,544 At 31 kembw 2024 1,013,034 19,494 1032 528 Invesbnents FEld outslde the UK totsl £572,496. Invesbments that are in¢iwduaNy mthal wthin the investwt portfolio are d&ailed as follows: 2025 2024 North American Income Trust JP Morgan Gltsbal Groth & Income PIC Artemis Invegtrnent Funds ICVC CorForate Bond Edinburgh Investment Trust Blackrk Fund Managers Ltd 69,275 68,268 50,770 74,400 69,275 68,268 50,770 74AOO The histtsri(31 cost of investMts 15 £944,455 {2L)24.' £866,766). Page LO continued...
SAINT JOHWS TRUST cHICHER NOTES TO ThE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. CREDrroRS: AMOUKtS FALLXNG DUE wrrHIN ONE YEAR 2025 2024 AccruaLs and deferred income 12. MOVEMENT IN FUNDS Transfer Movement from St in funds John's Trust At 31112125 At 111125 Unrestrlrted fvnd5 General fu 1,075,563 44,039 639,850 1,759,452 TOTAL FUNDS 1.075 563 44.039 639,850 1 759852 Net movement in funds, irhduded in the alKve are as ft)Ilows'. Lncoming resources Resour$ expended Gains and Movement in funds UBrestricted funds General fund 49,429 (73,829) 68A39 44,039 TOTAL FUNDS 73 29) 39 Comparatives for movement in funds Transfer Movement fr¢)m St in funds John'5 Trust At 31112124 At 111124 Unrestrirted funds General fund 1,010,265 23,482 41,816 1,075,563 TOTAL FUNDS 23 1,010.265 2 41B16 1075 563 compar3ts.ve net n¥)vemt in funds, included in the atove are as follovffj: Inconjing Resour expended Gains and Movement in furKIs Unrestricted funds General fund 33,510 [40,268) 30,240 23,482 TOTAL FUNDS (40 268) 23 geLI ontinued...
SAINT JOHN'S TRusf cHICHER NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 12. MOVEMENT IN FUNDS - continued A cuent year 12 rnonths prior year 12 months comt4neJ positson is as follows: Transfer Movement from St in funds John's Trust At 31112125 At 111124 Unrestricted funds General ftjrxj 1,010,265 67,521 681,666 1,759,452 TOTAL FUNDS I QIO 265 681 67 521 a66 1759 452 A currert year 12 months and prior year 12 nKJnths (nmkn"ned net movement in funds, induded in the above are as follows- Incoming Resour resources expended Gain5 and losses Movement in funds Unrestricted funds General fund 81939 (114,097) 98,679 67,521 TOTAL FUNDS 82,939 114 097) 13. RELATED PAR7Y DISCLOSIJRES There were related party trartgacknorG for the year eed 31 Dnber 2025. 14. CHARrrABLE COMMIfMENTS 2026 2027 2D28 Cc>nfide Counsdling Chich&ter HEART for Homel Pregrorry Options Chiche*r &thedTrl Resroration & DevelopmentTrF& CIO St George's Youth w0r 2,400 5,000 5,0 6,000 5,0(X) 2,4(X) 1,200 4,50D 5,OOD Page 12
SAINT JOHN'S TRusf CHICHESfER DEfAELED ATEMENT OF FINANC AcmThes FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMETr¥rs Donations and legaries Gifts Grants 40 3,000 3,000 40 Investsnent In¢¢me Rerts recewed Inves1ment income Deposlt account inter* 40,061 32,771 699 46A29 33,470 Total incoming resourc 49A29 33,510 EXPENDITURE Raising donations and legaoes Investh)ent mènagement fees 5,574 4,814 Charitable aLtivtfies Insurance Repairs arKI maintenan Profesgornal fees Grants to instibjtions I098 37,384 1,668 1,347 1,360 65882 29,475 Suppr)rt costs Management Other costs aerk's honorariurn Bank charg 613 537 2,250 60 673 2,847 Governan costs Independent examinevs fee loo 3.132 Totsl reurCeS expended 40,268 Net expenditure LEfDre gains and losses (24,400) (6,7581 Realised recognised gains and Irjssos Realised gainsJ(losw) on fixed asset investments 23 1411 Net incomel(expondlture) This page dts not form part of the ststutory financial statements Page 13