The Johmsom Cleryy Auo¢tsllott (BlnDlthgh*m) CIO Report of the Tnuteu and Flnatytlal Statements for the Year Ended 31st Mart& 2026
The Johmon Clergy Assoeilion (BinmiMghm) CIO Cotttents ofthe Fityan¢l41 Ststem¢nts for the Yexr End 31st March 2026 Rewt of the Trustees R¢p)rt of the 1Thdl Audttoys Swem¢nt of Flnart¢lal Activiti 12 Statement ofcth Flows 13 Noies to the SNement of Cash Flows 14 Ne$ to the Financial Sthtemernts 15
The Johnson Clergy Association (BimiNEham) CIO Report ofthe Trustees for the Year Ended 31st Marcb 2026 The Trustees present their annual report logether with the audited financial siatements of the Charitable Incorporated Oryanisaiion for the yew ended 3 1st March 2026. The financial statements have been prepared in accordance with the accouriiing poli¢ies set out in the notes to th¢ ac¢ounts and comply with the charity's governing documenL the Charities Act 2011 and Accounting and RetK)rting by Charities.. Statement of Recommended Practice applicable to ¢hariti¢S preparing iheir account5 in accordance with the Financial Reportin8 Standard applicabk in the UK and Republic of Ireland (effective I*E January 2019). REFERENCE AND ADMINISTRATIVE INFORMATION Name: The Johnson Cl¢rgy Association {Birniingham) CIO Registered Charity Nunjber: 1207879 PrlTrcip81 OffKf: 17 Birch Green Grove Stoke-on-Treni Staffordshire STI 6RD Trustees: Rev D Hartley - Chair Rev J Batthula Mr5 P Deeley Rev P Griffin Rev P Madden Mrj Colby - ¢O-OPted 7th July 2025 Admlnlstrntor. Rev D Doran Secretary: Canon J Gilbert Rice & Co Limited Chartered Ae¢ountants Ststutory Auditors 14a Market Place Uttoxeter Stsffordshire ST14 8HP Bankers: The cwperntI Bank l Balloon Str¢et M&neh¢s¢¢r M4 4BE Soli¢ltors: Lodders LLP Number Ten Elm Court Arden Streel Stratford Upon Avon CV37 6PA Stone King LLP Upper Borough Court Upper Borough Walls Bath BAI IRG Investment Managers: Quilter Cheviot Senator House 85 Queen Victoria Strttt London EC4V 4AB Page I
The JohTrsoTr Cltryy Associat (Binnln¥bam) CIO Report ofthe Trustees for the Yewr EThd 31st Mareh I6 sTRUuRE GOVERNANCE AND MANAGEMENT Constltutlo Th¢ Johnson Clergy Association (Bimingham) CIO (The Johnson AssocilOn) is regisred with the Charity Commis$ion und¢r Registration Number 1207879. On I si April 2025 the sthtus of the organisation w&$ changed from an unincorpornted Charity io a charitable in¢orporat¢d or8anisation. l¥ior io the change the entity w&% called The Johnson or S¢¢uiar Clergy Associaiion of the Ar¢hdio¢ese of Birniin8ham and wa5 registered with the Chariry Commission under Registration Nurnber 238681. AII 4¢1ivi¢ies and n¢1 assets of The Johnson or Secular Clew Association of the Ar¢hdioce5e of Birmingham were transferred to The Johnson Cler8y A&8(xiaiion {Binningham) CIO. The Association is governed by the rules a(Wed as ils ¢onsiituiiOn on 1st April 2025. Trustees and mtt¢ings The Body of Twstees consists of five p¢opk ¢l¢¢ted by the Members the Annual General Meeting. Th¢re is also an opiion within the constitutior ¢0 c¢H)pt up to No others to serve a m•ximum ieThn of thr¢¢ y¢ors as a Cov opied tNstee. Each year one fifth of th¢ truses will retire. The TruMees th retire will be those who have been longest in office since they wert elected. New truses may be nominated by 4ny member, the board of advisors. or the Truste4 and will be ¢le¢i¢d by ihe rnembers the AGM. However. no person shall be eligibl¢ for election onio the Body of Trusi¢¢S if 01 ihe de of the Annual General Mttiin8 from which if elected he will hold office. or the date of the Twste¢s' Meetin8 at which he is he will have %rved ten conse¢utiv¢ years as a Trnsttt. Trustees me¢1 quarterly Bnd 8ive their lime freely. with no JStee remun¢rntion or expenses paid. Honoraria are paid to ihe Administraior and Secrelary, who are Truces. Trustees we required to disclose all relevant interttts or Aciivity with another charithble tru4. A 'declarntion of interest. is $iyed at every Trnstee Meetin8. The Chair of the Tru5ttts 1$ appoinied by the Trustees immedi¢ly following the Annual G¢nerAI Meeting and 1$ a irnsitt ex officio. The Chair of Trnses holdq offKe for three yeaTS after which they may be appointed for a second ierni of office but after the expiry of su¢h se¢ond will eligible for appM)inthient as the Chair. Ai Tru4e¢s meeiin8s, the Trusttts have a8r¢ed that areos of Governance and 4¢1ivity should be or84nised in a syst¢mati¢ manner. At each of the quarterly medings the TrUee5 8ive due ¢onsid¢Nion to the appli¢a¢ion for dis¢reiionary 8r8nts. The day-ifrdaj adminithaiion of and the processing ond handling of appli¢ation$ prior ¢0 ¢on$ideration by the Tr¢$ is dewed io the Administrator. Poli¢ie$ 4re also rtviewed )nd if necess updated. Ai Trusttts meetings during the year, Ih¢re 1$ a focus on Tnlee trninin& This serves as tsalning for lh¢ newly appointed trusiees and an annual update f( all of the TNstees and their delegates. The Autumn Trustee$ Mttting usually also h&$ #n induction tr8ininB session for new Tntste¢s. Previous Trnstee tsaining hi8hli8ht¢d that greater diversity would be ¥U&ble for our or8anisation. The Trustees continue to be aware of this in appointments. This year the Trustee5 reviewed the Constiwtion ¢Mur¢ that they were f•miliw with its principles content. In parti¢yl8r the TNe¢s rtteived inIng in the following am: Updaies around Trnees rol¢s & resp)nsibilities Risk ¥sscssmertt. Finally. Ls referred th below, there was a focus the 8rnnt-making w)licy ar to ensure it is up to dale. See further below. Ai the first meeting of the calendar year. the Tn1¢¢$ undertake On annual fmancial review updating their financial policy and risk managernent. The TnISt together with the Association's Inveslmenl Managers - Quilter Cheviot- ensiire th4t the i¢vel of financi41 risk is effeaively managed to enable the trustees to forecast and provide the funds ovailable Éo support those Secular Clergy to whom il off¢r5 4 di$tIonary grdni, while ensuring that the long-tenn investment lIcY is upheld. This 1$ an ongoing discussion at Trustee meetings through the Ye and will be brought to the attention of th¢ members the AGM. Page 2
Tbe Jobjwn CierRy Assotlxtion (BlnDinghm) CIO Report ofthe Trustees for the Yur Ended 315t M•rth 2026 Sione King advised with resrrtt to Rw)nsible Invesmient pinting the Association to consider the Caiholic Chur¢h'$ dUMent.. hl¢nsuram Bo1 ("Good Meawre-) issued by the Pontifical Academy of Social Sciences. It esiablishes a comprehensive thetslogical and practical framework for ensuring that all financial portfolios align with Cholic Social Teaching Quilter Cheviot and other Inve5tm¢ni Companies are required to discus5 R¢sw)nsible Investsno)t with their clients and to log and document this di5CUS5iOrt. Quilter Cheviot Works in dialogue with those compleS in which it invests whith in turn (it is hoped) leads to positive change. Quilier Cheviot has an engagemeni lICY--We v(Ae and with companies-. The Trustees agreed thai Responsible and Su51ainabl¢ Inve5th1ent should be a part of th¢ broader Financial Poli¢y whi¢h would be discussed at the first meettng of year. Subsequently the following #atemeDt agreed which will fonn the b1$ of a draft 'policy for investment.: In principle il Board wish ro be responsible I10T$. Euvironmenlol. soclal and governan¢¢ (EgG) criieria are a sei of Siandards ihot sociolfy COnfCiOUS InVeOr$. swch tzf a chdrlty. consider when rgvigwing iheir inv¢simertth Em>w0nmeal trirerio corLFider how o chtyiry perfornf Qf a lleword of nalNr¢. Sucial Lyiieria &romine how it manoges relaiionships wilh emplryees. swlier5. cwlomws. ond ihe communiliu where li opera1. Governance deaLs with a chority's leadership, Lyeeutlve poy. opdits, infnal conirols, and shareknlder righis. Therefwe. ihe inv2Flmenl mondgern are encowaged io idke accowil of ESG i&¥ues in iheir invesimenl anotysls dnd decision-malingpnYesse4 lungage wilh charitymdnagemeni when approprlaie. Durin8 the year. the Tn undertk 4 review of pjlicies su¢h as Risk AssessrnenL Whistle Blowe Policy. Privacy Policy. Code of Condu¢L confli of Interest Poli¢y. Financial Policy. This is an ongoing cycle of review. The Annual Gener¥l Meding tskes place in July. Each of the mernbers are invited io attend. The AGM accepts the resignation of one fifth of the eletted Tn body {nornially the longest serving) and elects a new trtte. The AGM discu5se5 those mattets propcth by the Trus1¢¢5. or Board of Advisor& as well as any matter proposed by a membw. The Trustees. Report and Financial state01 are agre&J. and any other business as require¢l e.g. the appointment of AudilOTS Accountsnts. Statement of Tru5tees' respoTrsibili¢ies The Trusiees are responsible for EN)aring the Tre¢s. rewxt and the financial statemeiits in accordance with applicabl¢ law and unl Kingdorn Accounting Stand IUnid Kingd Genernlly Accepied Accounting Pra¢tice). The law applicable io charities in England aNI Wths wuires the TruceS to pY¢pare fmancial staternents for ¢a¢h financial peri which give a tyue and fair view of the state of affairs of th¢ Charity and of its incoming resour¢es and applIlon of rawurc4 including its in¢ome and eXMIlT< for that wiod. In preparing these rinancial ststemenw the Trust¢es ar¢ required to: select 5uithble a¢¢ounttng FK)licies and then apply them consi5tently' observe the methods and principkes of the Clwtries Statement of ReCOrnmded Prnctice (SORP 2019): make judgments and accounting estimates that are reasonable and wudent" stste whether applicable UK Accounling Stsndards have been followeii subject to any material depanures di5¢105ed and explained in the financial ststements" and prepare the financial statements on the going concern basis unless it is inapprw to presume that the Charity will cominue in busines The trusw are resp)nsible for keeping proper accounting rec(Yth that sre sufficient to show and explain the charity's irdnsactions and disclose with re&sonable accuracy at any tirne the fmartcial p)sition of the charity and enable ihem io ensure thai the financial staternents comply with the Chartties Ad 2011, the Charities (Accounts and Rep)rts) Regulations 2008 and the provisions of the trt deed. They are also resE51b[e for safeguarding the assets of the charity and hence for tskirtg reasonable ep$ the prevention and dete(*ion of fizud and other irregularities.
The JobD50D Ckrgy AssocitiQD (BinDingbm) CIO Report of the TT¥s¢ees for ihe Yur EAded 31st 2026 Th¢ Board of Advlsers to the Truslffs (De•uery Reps) The Board of Advisers to the Trustees are the clergy repr¢s¢n¢aiive5 elerted by their Deanery to represent the Members of the Deanery and keep the tnjsttts infornied as io th¢ physicol wellbeing of the mernber5. They are elected. also. io advise the trustees in matters relating to the Association. advice whid) the trustees MU listen to. The followTng representatives served during the year. Rev K Hcoper Rev B Devanney R¢Y S Pimlott Rev L Nguy¢n Rev M Egawhary Rev P Whi¢ldon Rev C Ro8er%)n Rev T Norton Rev D Lamb Rev J Green Rev A Poster Dsy-tdIY operniion5 Responsibility for doy-ttrday affair5 of the AswCiI has bt£n de]egat¢d io the f4kn1inistsa¢or •Thl secretary. Rlsk rnanagemeTht The Trustees of the Johnson Asx)ciation review and their Risk Re8iSW every six months and havin8 reviewed those risks they have ¢sthblished systems and wdre$ io m8na8e thos¢ risks. Usually thi5 is an exercise in planning for the wOr-case scenario. li¢vi¢wing th¢ Risk Regi5r proved to be robust and has served us well. The Trusttts consider th¢ variability of investment renuns upon their investrntht wifolio •$ 4 5ignifiunt rinancill ri$k. They are also aware that. in eommon with society in genernl. the Secular Clergy are, as 2 whol¢, older than ihey wer¢ and livin8 longer. TherOre. it is probAbk that the fanCial dernand5 upon the charity will Increase at a lime when volatility in ivorld markets sttms hi8her. Followin8 a cornpl¢tion of • survey of the Secular Clergy on their current ag< (whith has enabled thern to produce a detsiled foreust of the numiw of Secular Cl¢rgy who will retire each year for the next twenty five years), the Trusi¢¢s are equipped to make deci$ioD$ on 4 long-t¢Tm ba51& as well as continuing proYi$ion fly the addiiional numbers of Se¢ular Cler&y retiring ond futyre demands upon the Charity. With the IneasIng uncertainty in finan¢i)I mgxkets, the TTUSttts in consultstion with their Invesmieni Managers. undertook a thorrMJ8h financial review and agreed the level of financittl risk ihey were willing to accept. The N$iees agrted io keep the cuffent risk Swus as'medium.. As part of its risk man48emenL the Association h•$ esthblished a portfolio of accounts with diff¢rent banks through the Fla8Ston¢ facility. recommended by Quilter ChevioL Funds held with the Cwperative Bank are IransfeTTed to this fo¢ility and then placed with different banks at varyin8 interesi rntes. Funds are held in combination of fixed ieTm. notice period and insthni ¥rte55 accounts. Exh deposit is lirnited io the siandard FSCS deposit proie¢iion lirnit of £120.(KKI. In K¢ordan¢e with ESG FrI1p banks sele¢tcd with regard to re5ponsibl¢ inve$trnent considerntions. O&JECTIVLS AJYD A1VITIEs ObJe¢¢fv Th¢ John50n A55ociation's objrflive is the suppM of the Se¢ul•r Clergy of the Archdioc¢. who. on account of a8¢ or infirn1ity, are no longer able to coniinue their work and to sukyort priests who are 5ufftrin8 temporary illn¢55. Th¢ Trustees confimj they have ref¢rred to the guidance ¢ontsined in the Charity Comrni55ion's genernl guidance on public benefit when reviewing the A$50ciation's objectives and in planning aciiviiies and con$id¢ring the grnnt-making policy. Attivity The Johnson Associaiion achieves its objective by.. Providing discreiionary grants io priests who. th[gh old age or infirniity are no kger able fo work. Providing diset10n0ry grdnts in aid of priests WI a the xtive lis( but who are inw*itsted by serious illness for a riod longer than a month. Page 4
The JohDSOD Clergy AssoeitioM {Birmiiighim) CIO Report ofthe Trnstets for the Year Ended 31st Mreh 2026 Grant Making Policy It is through lh¢ provision of discre.ionary grants that the Johnson Association seeks to fulfil its objective to support the Se¢ular Clergy of the Ar¢hdiocese. who. on account of age or infirmity. are no longer abte to ¢oniinue their paro¢hial work and to supyt priests who aTe suffering ternpory illness. The review and governance of the 8fdni making p)licy is an imp)rthnt priority for the Trnsitts. Following confimation from th¢ Ahdio¢c5c a Priest has retired. the retired Fyiest may apply for a discrdionary grant. It is expecied that the appli¢#nt'$ fin#n¢ial orrangem¢nts •r¢ disclosed in full, and th#¢ any major financial matters are detailed, e.g. the lack of a full pension. financial demands as a result of full-time nursing care. savings and inv¢5tsnenlk private income. The Ttts also ensuTe that the applicant has lle]d the requirements and obliwions of lh¢ Asso¢i41ion. The aHilication is xruiinised by the Trustee5 and a jent is made on the awardin8 of A 8rnn¢ either in full or in part. depending uwn ibe individual's ¢ircumsthntts. The Tne¢S do not have a single grant figure for every case. Instead. Ihe Truses give their attention and supp(xt to those whose need is greatesL within an agreed ronge. The Truaees review each 8rant offered to the recipients if theirciTcumswK¢s have ¢hon8•J. This is an onBoin8 activity. Increases to grants ar¢ voted on by member5 at the AGM. Maln ¢tlvltles undert•keTr to further the Ch•rlty's puryoJ¢s for p¥blk benefit When plannin8 the 8Tani makin8 activity of the Asso¢iation the tTUStee5 hive ¢on5ider¢d the Charity Commission's 8uidance on public ben¢fii and, in particular. the specific 8uidanc¢ on charities for the relief of poverty and they have also had regArd io the spe¢ific suidan on charities for the advancement of reli8ion. The A$18110n makes 8rants prin¢ip&lly to r¢tired ¢lffj. Such financial assistance is ne•Jed to gssist retired Clergy towards mAintaiDin8 their s¢andard of livin8 durin8 retiremenL The m)king of grants depends on the ¢ir¢umstllnces of the re¢ipi¢nL The clergy are valued members of slery.. building and Strengthening cornmunities, supportin8 the dyin8 and bereaved, minisierin8 to the $i¢k a¢ horne and in hospithl. win8 for the pwr and mar8inaii5ed, viiitin8 those in prison and providing spiriiual and moral education for djildren. Revl¢w of i¢llYltles During the year the ASsoci10n has eontirtued to focus on its core xtivilies of raigin8 funds io provide finan¢i•l sisian¢e to retired and incapaciwed priests. Income is received from 8 l¢vy paid by the parishes of the Ar¢hdio¢ese of Birmingham tog¢th¢r with an annual second colleciion in Chur¢h¢s within the area. This Is supplem¢nt¢d by 8eneral donations. le88¢ies and inccthe Teceived from our inv¢sunents which are eIlY moniiored by our invesunenL man88¢rs Quilier Cheviot. The Trusitts moniior their achievemeni and wforman¢e in their ability to care and support 8rowin8 numbers of Secular Cl¢rgy who rely on the Associ10Th'S provision ioday and in the funry while keeping an appropriaie balance between curreni fundin8 and financial pmvi$iM for future 8therntion& Number ofsecutar Clw Supportoj: 2021 2022 2023 2024 2025 2026 65 56 57 61 59 Whil$1 the number of Secular Clergy supported in ttceni y¢aT5 ha5 fluctuaied the forecl of m¢mbers retirement is expected to 8row signifi¢ani]y in the next few ye•rs due to the age profile of the Secular Cler8y in Ihe Archdiocese of BimJInghn. To support our objectiv< the Trus*es have 5ght io eayefvlty ¢xarnine the financial perforniance of the Association, in a¢¢ordance with the 88reed firtan¢ial policy aTrJ risk mageMent. Given the level of uncertainty in the financial Investmen ihe trustees have soughi io rnaximis¢ the tentIal income from the Ann1 November Collection and io hav¢ a ¢los¢r relarionship with bEn¢f4clor& Page 5
The Johnson Clergy Association (Birmingham) CIO Report ofthe Trustees for the Year Ended 31st Mareh 2026 Fundratslng ¢tivltles •nd In¢ome generntlon The Asso¢iation raises funds through an annual sewnd ¢olle¢tion in the Churches of the ArChd1¢se of Birniingham. Donations are also made ihrough Sianding Order payments and ihrough the Association's website. There were no complaints received by ihe Asso¢iaiion about activities by the Asso¢iation or by a wson on behalf of the Asso¢iaiion for ihe purpos¢ of fundrgising. The Associaiion h&s taken measures to protect vulnerable people and other members of the public from the following behaviours in the course of or In conneciion with fundrnising activiiies.. Unreasonable intrusion on a person's privacy. Unreasonable persistent appIa¢h¢S for the purpose of soliciting or otherwise procuring money or other property on behalf of the charity. Placing undue pressure on a person to give money or other property. Inv¢Jlment pollry •nd perforniance Previously, the core of the Association's income was derived from dtsn•tioni and legacies. which by their nature are subject to flu¢¢u¥tions. To su$toin a level of income sufficient to meet demand5 on its r¢50urc¢$. the Association requires a significant capiial base and the trustees have maintained an active investmeni policy to provide a degree of stability and certainty in income levels. The 8im 1$ lo maintsin and, if pos$ibl¢. increase the real value of the monles invested. In doing this S1¢ient income should be genernted to supplement the core income and provide the annual funds needed to meet the obje¢Eive$ of th¢ As$oci8tion. The Charity regularly reinvests any surplus it receive$ (usually from bequests) into lis portfolio. lo ensure ihai its inv¢siments or¢ 5e¢ur¢ and 8rowin& and its dividends are suificient to cover Ihe expecied increase in future 8r4ni applications. Inv¢siments held by ihe As$o¢iAtion. whi¢h or¢ shown At note 10 of the accounts, were acguired In ac¢ordon¢¢ wilh Che powers available io the trustees and ih¢ Trusl¢e A¢1 2000. The Chority's investment managers, Quilter Cheviot. are instruckd to genera¢¢ a balance benveen capital rowih and income, provided that ihe gross income ea¢h year ex¢eeds a minimum of £175.000. Invesiment income for the year lotalled £497.531 12025.. £473,705) os shown in note 4. The consisient level of income this year continues to reflect the current economic Climate and also the need to maintain a balance between income generation Bnd capital 8rowlh. During the year there was an overnll increase of 12.8% (net) in the Quilter investment portfolio (2025.. Increase of 7. l•h). The yield on investments for the year wa$ 2.26Vo (2025: 2.43Vo). which was in line wllh expe¢ta¢ion$ 8iven the general market perfomance. FINANCIAL REVIEW Flnancknl Performance During the year ended 3 1st March 2026, a higher level of legacies re¢eived of £843.392 (2025 - £107,391) has led to an increase in total income ¢0 £1,424,002 from £703.332 in 2025. This is ¢omprised of (k)nations and legacies of £907,695 (2025 - £21821)0) and inves¢ment income of £516.307 (2025- £485,132)- Toial grants paid diffcily to priests in¢reased to £399.457 frorn £381.985 in the previous year and this ontributed to Fl increase in total expenditure from £479,731 to £J37,038, A $urplu$ before investment gains of £886,944, up from £223.601 in 2025, has resulted. Investmeni values have incr¢a5ed bv £2,048.601, compared to Bn increase of £317.093 in the wevious year and total funds have incr¢osed by £2,935,545 compared to an increase of £540.694 in 2025. Total unrestricted ndS as at 3 1st March 2026 were £23,343,396. Lis¢ed fixed asset investments are m4in¢ained ro provide current and future grants and are therefore not considered by ihe Trn¢s to be free r¢serv¢s. The level of free reserves ai 31st March 2026 £1 J79.538. up from £940,727 in ihe previous year. Page 6
The Johnson Clergy Association (Birmin2thgm) CIO Report of the Trustees for the Year Ended 31st March 2026 Going concern The financial statements have been prepared on a going concern basis under the historical cost basis of a¢¢ounting wle5 modified to account for investments at fair value. Each year the TTUStees review the value of Ihe invesrment portfolio in Conjunction with the investment managers and the availability of in the short lerni to ensure the Charity is a going concern. At the time of signing these financial statements. the Trustees have considered the going concem p051tion and consider that the Charity will be able to continue to operate for a period of at least 12 monihs from lh¢ date of signing these financial ststements. The Charity has a strong cash position of £432.837 and nei assets of £23.34m and on that basis, the TNstees have prepared these financial ststements on a going con¢em basis. Reserves pollcy It is the p)licy of the Trus¢ees to maintain free reserves of the charity at tt level which equates to approximately eighteen to twenty-four months. grant payments, tsking into consideration likely changes in the number of recipients and the level of grant paid. Free reserves of £1,379,538 ut 3 1st March 2026 (2025: £940,727) represents over 24 months, grant payments. Legacies will be allocated to investment fund5 in order to provide incomi e in future years in accordance with the charity's objectives. The trustees continue to monitor the level of free res¢rves and believe ihat, based upon ihe curreni value of the investment portfolio, the Association will be able to fulfil its objectives in ihe short to medium terni. PLANS FOR THE FUTURE Our fure objectives are to ensur¢ that sufficient finances are in place to be able to coniinue io satisfy all successful applications for financial support. The nllmber of Secular Clergy that we support has been growing each year &8 the number of those retired grows. We must end¢avour to ¢n5ure that we maintain and improve the value of our investment portfolio to enable us to meet this demand for our resour5. DISCLOSURE OF INFORMATION TO AUDITORS Ea¢h of the pers¢)ns who are Trnstees at the iirne when this Trustees. repon is approved has ¢onfirn)ed ihat: so far as thal Trustee is aware. there is no relevant audit infomiation of which the charity's auditors are unaware. and that Tntee hos taken all the step5 that ought to have been taken as a Twstee in order to b¢ aware of any relevant audit inforniaiitsn and to establish that the charity's auditors are aware of thai inforn)ation. Approved by order of the members of the board of Trustees on 6th July 2026 and signed on their behalf by.. Rev D Hartley Trustee Page 7
IndeptndeDI Auditor's Reprt to the Trustee5 or The Johnson aeYLV Asg)ciitioTr {BirniiA8hM) CIO Opinio W¢ hav¢ 4udiied the financial stattfnents of The Jthnson Clergy AssLxiion {Birniinghom) CIO (Ihe fharity for ihe yeor enthd 31$¢ Mah 2026 which comprise the Ststement of Financial Activities, the Balance SheeL Ihe Stement of Ch Flows. Notes ¢0 the Sw¢ml of Cash Flows and Notes to the Financial Statements, including a summary of significani a¢¢ouniing lICies. The fmancial reporting framework thai has been applied in their preparation is applicable law and unl Kingdom Ac¢ounting S¢andards, in¢luding Financial Reporting Standard 102 The Financial Rertir.8 Stsndard appli¢abk in the UK and Republic of Ireland, (Uniied Kingd1 Generally Accepied Accounting Praaice). In our opinion the finan¢i•l 5taiements: give a true and fair view of the of the Charity¥ affairs as at 3 1st March 2026 and of its incomin8 resourecs and application of re50urc¢s for the year then ended. havt been prLy¢rly prepaTed in accordance with Unikd Kingdom Generally Acceptwj Acwuntlll8 Prociice: and have been prepwed in a¢cord8n¢e with the requirernents of the Charities Act 2011. Basts for oplnlon We conducted our audii in accordance with lnIernlOnaI Stsndanls Audiiin8 (UK) (ISAS (UK)) and applicable law. Our responsibilitirf under those standards further described in the Auditors. Tesponsibilities for ihe Audit of th¢ financial Sernents Section of our report. We are independent of the Charity in accordan¢e with the h1¢$I requirements that are relevant to our audit of the fmancial statements in the United Kingdom, includin8 ihe Financial R¢porting Council's Ethical Stsndard 4nd we have fulfilled our IAher ethi1 responsibilities in accordan¢¢ with ih¢s¢ r¢quir¢ments. We b¢liev¢ that the audit evidenc¢ we hav¢ ob¢ain¢d is sufficient and apwwiat¢ to provide a b8si$ for cslinion. Concluslons relatlng to golng eon¢ern In audilin8 the financial sthtements. we have ¢on¢luded that th¢ Trujiees, usc of the 80in8 ¢on¢em basis of a¢Muntin8 in the pffparntion of the financial ments is appropria. Based on the work we have wrf(Ymrf we have identifd 4ny maierial uncertaintie5 rthting to events or ¢onditions that. individually or coll¢ctivety. ¢•* signifK4nt d¢)ubt on the charity's ability io continue as a going ¢on¢em for a wod of at least twelve months frvrn when the financial $th¢¢ments ore auihorised for issue. Our responslbilili¢s and the reSplS1b1IItles of the Trustees with respxt 10 80ing ¢oncem are des¢ribed in the relevant sections of this repon. Other Informathjn The other infonnation Compri ihe infonnation Includ in the Annual report other than ihe financial 51at¢rnents and our Audiiors, report lhern. The Trustees are re5p)n5ible for the other information contained within the Annual report. Our opirtion the financial siatements does not cover the other infornil0n and. ex¢ep¢ io the exleni otherwise explicitly styled in our reFrt we do not express any form of assurance conclusion ther¢on. Our responsibility is io read th¢ other inforni1On arf in doing so. consider whether the her inforniaiion is nlaterially inconsisreni with the financial swements or our knowl¢d8e obthined in the course of ihe audil, or otherwise appears io materially miss¢. If w¢ identify such material inconsistencie5 or apparent rnaierial misststem¢nis. we are required io detern)ine whether this gives rise ¢0 a material misststement in the financial ststements them5¢1ves. If. bd on the work we have perfomied. we conclude that there is a material misstst¢ment of this other inf0m1l0n. we are required to repNt that fact. W¢ have nothing to report in thi$ regard. Page 8
Indepettdent Auditor's Report to the Trnstees of The Johu50u Ckrgy Assoelation (BlmlD8h#m) CIO MAtters •n which we requlred to report by txeeptx) We have nothing to report in resffl of the following matters in re18tion to whi¢h the Charities (A¢counts and Repons) Regulation$ 2008 re¢wires us to reFKfft to you if. in our opinion.. the infombation given in the financial ststanents 1$ inconsi51ent in any material TesF¢Ct with the TThstee5' repoiL sufficient and proper a¢counting records have not been kept: Ihe financial statements are not in agreem•)i with th¢ aOl¢lg rea)rds and reIn5. we have not received all the inforn)ation and expl8nati(ms we require for our audiL Respon$ibiliti¢s of TTU5t¢¢s As explained more fvlly in th¢ Stst¢ment of TSt¢e3, responsThi ilities s¢t ou¢ on pag¢ 3, th¢ Trust¢¢5 8r¢ responsible for the preparation of the fmancial smements and forsuch intrrnai control as the Trustees deiemiine 15 nece55ary to enable the prepaTatithi of rmanc1 stawnents that are free frcffn material mtS5tatemenL whether due to fraud or error. In weparing the fina]&1 stht¢m¢nt& the TTUSt¢¢s are r¢spon$iTr&l¢ for ¥sse$5ing the Charitys ability to continue as a going concern. disclosin& &8 applicabl< mAtt¢Ys related to going concern and using the going concern basis of accounting unless the Tntee5 either intend to liquida the Charity or to ¢¢ase operion& or have no realistic alternative trojt to do so. Auditor'$ respousibilities for the •udit of the statements We hav¢ been apwinted as auditor under section 144 of the Charities A¢t 2011 WHI rert in a¢cord8nce with the Act and fElevznt regul103 (Y having effed therauxler. Our objectives are to otrrtain reasonable aswrance about whether the financial statements as a whol¢ ar¢ free from malerial misstatemenL whether due ftaJJd or error. and to issue an Audilors, rep in¢ludes our opinion. Reasonable assurance is a high level of assuraDC4 but is not a guarante¢ that audit ¢ondueied in accordance with ISAS (UK) will alway5 detect 3 malerial misslatement when it exists. Misstatements can arise from fraud or error and are considered material if, individualty or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial sthtements. Irregularities. in¢ludin8 frall are instsnces of non•compliance with laws and re8ulions. We design procedures in line with our responsibilities. outlined al)ve. to detrct Merial misstatrments in respect of irregularitie in¢luding fraud. The exteni to whtch our wocedures are capable of dectIng irre8ularitie& including fraud is detailed below- olxaining an understanding of the legal and regulatory fram¢woTk applicabl¢ to th¢ Charity and how the Charity 1$ complying ith th* fTamewoTL including agreernent of fMJan¢ial statement disclosures to underlying documentaiion and other ¢vid•)ee: obtaining an understsnding of the Chority's eontrol environment and how the Chority h&% applied relevant control procedure& through discussions with Trnstees and managanent and by perforniing walkihrough testing over key areas: obtsining an understsnding of the Charity's risk sMent prIXe including the risk of fi#uiL" reviewing meding minutes ofthose charged with governance throughoui the year. and performing audit testing to address the risk of manageMt override of controK including teming journal entries and other adjustments for approwiateness. evaluatin8 the Mionale of significant transactions outside thc nornal ¢our5e of activities and reviewing accounting estimates for bias.
Independent Auditor's Report to tbe Trusteu of The John50ll Clergy Associ• (Biminehm) CIO whil Considering how our audit WO athjresS the ddection of irregulaTitie& we also considered the likelihood of deteciion b&sed on our 4)pn)ach. Irregularities arising frthn fraud are inherently more difficult to ddect than those arising from error. Because of the inherent limitaiions of an audti thtte is a risk we will detea all irregularities. including those leading to a maierial misstsiement in the financhil smements or niJnwC47mpliance with regul10n. This risk increase5 the More that compliance with a law or regulation is removed from the ¢veDts and tr•nsa¢¢ions reflecied in ihe firtan¢ial stst¢m¢nt& as we will be less likely to be¢ome 4w4re of instances of non-¢ompliAnc¢. Th¢ risk is also gr¢ai¢r reg4rding irregularities oc¢urring due to fraud rather thon error. as froud involves intentional concealmenL forgery. collusion. omission or misrepresentsiion. A further description ofour responsibilities for the audit of the fin4n¢ial statements is located on the Finan¢ial Reporting Council's website at: www.frc.org.uklJydi¢orsresp)nsibili¢ies. This destription forms part of our Auditors, reporL Use of our pOrt This report is made solely th the Charity5 4$ • W. in ¢ord with P•rt 4 of the Charities {Accounts and R¢Tts) Regu]ations 21KJ8. Our audit work has been undertak¢n so that we mi8hi state io the Charirys hwM¢es those matters we are required io to them in an Audiwrs. repon and for no h¢r purpose. To the fulle extent pemiifted by law. we do noi accept or wume Tesp)nsibility onyone o¢h¢r than ihe Charity and its trustees. 0$ • ts. for ouraudTI worK fLY this repor( or for the opinion$ we have fornied. Mirthew Gibbs FCA (Senior Sthtuiory Auditor) for and on behalf of Ri¢e & Co Limit& Chartered Accountants Statutory Audiiors 14A Markei Place Uttox¢t¢r SiatTord$hire ST14 8HP Date.. 6th July 2026 Pa8e 10
Tbe Johnson Cler8y Asso¢iAtiM (Birmingh#m) CIO St•leththt of FiMth¢141 A¢tivities for the Yer EDd¢d 31st Mr¢b 2026 UnreslTiCted Fwids 2026 Total Funds 2026 Tdal Funds 2025 Nthe Income: Donations and lega¢ies Investments 907.695 516.307 907,695 516J07 218.200 485,132 Total Income 1.424.002 1.424,002 703 332 Expendlture: C051s of raising fund5 Charitable activities Gov¢man¢¢ costs 76.211 413.427 47.420 76211 413,427 47.420 49.909 392,775 37.047 Total expelldlture 537 058 337.058 479.731 Net lTrcom¢ for ¢h¢ ymr 886.944 886,944 223.601 Net ialns on InvutmeAts 10 2,048.601 2,048.601 317,093 Net movemeot In funds 2.935.545 2.935.545 540.694 T&1 funds lyou8hi forward 20.407.851 20.407,851 19.867.157 Total funds urried forward 17 23 343.396 23 343,396 20,407,851 The Sthiem¢n¢ of Finan¢ial Activitie5 includes all gains and losses recogniwl in the year. All incomin8 resources and resource5 eX&thd derive from continuing activities. The notes forni part of these financial 5taternents
Tbe Johnson Cleryy A550eiatioD (Birmingham) CIO BA]anee Sheet a$ At 31st March 2(126 2026 2025 Note Flxed •98ets Invesiments 10 21048.858 19,467,124 Current assets Curr¢n¢ asset invesknents Debtors C85h 8t bonk and in hand 580,894 314,580 432.837 12 13 187.494 765.203 ,328.311 952,697 UabllltleJ Creditors: Amounts falllng due within one year 14 N¢t current aswts 1.294.538 940,727 Net Amets 23,343 396 20 407,851 The funds of tbe eharlty Unrestri¢ted in¢om¢ fvnds 16 23,343,396 20,407.851 23 343 396 20407851 Approved by the Board of Tnte¢S on 6th July 2026 nd $igned on its behalf by . Rey D Haftley- Tntstee The note5 fomi pBrt of these fin4nci81 $t*rnts Page 12
The Johnson Clergy Assoelatkin (Blrmlngh*m) CIO Consolid•t¢d St4tsmeDi of Cash Flows for the Year Ended 31$¢ Mareh 2026 20?6 2025 Note Cash flows from operatlrt8 Aetlvltles 265,941 (229,051) C•$h flow5 from investing actlvltles Purchase of fixed asset invesiments Disposal of fixed wet investTnents Purchase of current asset inve5tmenis Dividends and interest received from inv¢skn¢nts {4.659.554) 4,148.889 (331.098) 515,720 12.850,435) 1,882,096 487,515 Net $h provlded byl(u8ed In) Invejtments (326.043) (480,824) Change In and cash eqvlv8lents In the year (60.102) (709.873) Cash and ¢tt5h equival¢nt5 al the be8innin8 of the year 790,149 1.500.024 CAsh and ¢ash equlv•lents at the end of the yeAr 730,047 The noies fomi part of these financial statements Page 13
The JohThsoll Clergy As%KiitioD (Birmingharn) CIO Notes lo tht Statement of Cash Fk)ws for tbt Yer Ethded 31st Mreh 2026 I RECONCILIATION OF NET EXPENDITURE TO CASH GENERATED FROM OPERATIONS 2026 2025 Net cash iDtknw from operating ¢tiviti¢s Nei income Invement income tk¢re¥sel(increa5e) in prepaents and a¢crued income Increa(decreaSe) in aC¢nlS and deferred income 886,944 (516.307) (126,499) 21.803 223.601 (485,132) 58.280 (25,800) Net casts provlded byl(used In) opeYatltt8 aetlvltles 265.941 229,051 2 CASH AND CASH EQUIVALENTS 2026 2025 Included in the hlance sheet As at k Ad in hnd: Bank cutTent accounts Bank deposit accounts Invesu)wit cash accounts 256.644 I76.24 169 256.981 464.296 43.926 432.837 765,203 Includ io the bal•nee sheet flxed asset l•vestmeTrts: Invesm)eni income accounts 47.414 24.946 Included in the hlance sheet *$ ¢wrrem¢ we¢ lDv¢stsweD. Bank deposits 249.796 730,047 790.149 3 ANALYSIS OF CHANGES IN NET DE Balance at 01.042025 C8sh flows Balance ai 31.03.2026 Bank current accounts Bank deposit CoUnts Fixed assd invesknent ¢th aeeoLmts Fixed asset invesent income accounts Current asset invests)Kni bank dew)sits 256.981 464296 43.926 24.946 (337) (288.272) {43.757) 22.468 249.796 256,644 176,024 169 47,414 249,796 790.149 60.102 730,047 The notes forni part of these finartciai statemEnts Page 14
The JohDsom Clergy AsotixthM {Bimingh8m) CIO Not¢5 to the Fiw•n¢l•l Ststememts for tke Ye•r Ended 315t Mreh 2026 I STATUTORY INFORMATION The Johnson Clergy Association (Binningham) CIO is re8ired with the Clwity Conmiissxon (Re8isiralion Number 1207879). On 1st April 2025 the s¢otus of the (Wnilon w&5 chanpl from an unincorpra charity to a charitsble in¢orpor¥t¢d orgonÈWion. Prior to the thttnge the eniity wos called The Johnson or Secular Clergy AsxKialion of the Arehdio¢es¢ of Bimingham gnd wL% registered with the Charity Commission under Registration Number 238681. All activities and net assets of The Johnson or se74r Ckrgy Association of the Archdiocese of Birmingham were transferred to The Johnson cle Association (Bimlingham) CIO. Both or8ani58tions constilute public benefrt entttie5 a5 deful by FRS 102. The preseniation curretw of the fin•n¢i81 statemts is the Pound Sierling (£). 2 ACCOUNTING POLICIES B#Jls of prnprlTri the fiMTrcknl ststememts Th¢ firtan¢ial Siaternents have been prepared ID accord with A¢¢tyJntin8 and R¢wling by Chariti¢s: Statement of Recommended Practice applicable io charities preparing their accounts in accord with the Financial Reporting Siandard applicable in rhe UK and Republic of Ireland (FRS 102) (effective 1st January 2019)- Ch8rities SORP IFRS 102k the Financial Reportin8 Standllrd appli&ie in the UK and Rewblic of Ireland (FRS 102) and the Charities A 2011. Ch•ng¢ of kg•l forni As explained in note I to these financial ststement4 on 1st April 2025 +the status of the or8anisation was chan8ed from Bn unincorpornted charity io a charitsble in¢iNpoNed organisation. Prior ¢0 th¢ ¢han8e the entity was called The Johnson or S¢cul&r Cler&v Aswciation of the Ar¢hdic¢ese of Birn)in8ham. In •¢¢ord8n¢¢ with the provisions of The Chariiies SORP (FRS 102). as the charitys work includin8 its purp)xs and benefici•ry ¢la5s remains unchan8ed, mer8er accountin8 has been used to account for the recon#WiO All fi8ure$ in these fin8n¢ial g•t¢rnents slK)wing in¢orning resourtts and re50ur¢es ¢xpw¢J¢d during th¢ y¢or ended 3 l$1 March 2026 108ether with assets and liabilities &% at 31st Mh 2020. relat¢ w th¢ n¢w ¢h8rithbl¢ in¢orporat¢d or8anisation, The Johnson Clergy Association {Birniin8h•m) CIO. All ¢ornparalive fi8ures in these financil sthternents showin8 in¢oming Yewur¢es •nd Tesources expended during the year ended 315t March 2025 108ether with assets and liabilities as 31# March 2025. relate to The Johnson or Secular Clergy AS$11110n of the Ar¢hdicwe of BiTmin8ham. Accounting p)11¢1 fly The Johnson Clergy Association (Binningham) CIO are the sarne as those used by The Johnson or Secular Clergy Association of th¢.4rchdiocese of Birn)in8ham and therefore no adjustments were necessary to align accouniing policies and no adjustments hav¢ been to Ret assets as a rtsult of the merger. Go5n8 foneerA The Trus1 asse55 whether the use of going concern 1$ 4)propria i.e. whether there are any material uncertainties relaied to events or conditions may wi si8nifi¢gM doulx on th¢ ability of the ¢harithble company to continue as a 80in8 concern. The trustees have rn&le this assessment in rey¢t of a period of one year frorn the date of approv of Ihe finan¢ial staiernents and consider no swh rnalerial uncertwnties exi5L P*ge 15
The Johnson Cleryy A$e]tIOn {BirtniDgbam) CIO Note5 to the FiThaneial Statements for the Ye4r Ertded 31$1 March 2026 2 ACcOuP1NC POLICIES (eontlnued) Inme All incoming r¢sourc¢s are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perfornwic¢ ¢ondition5 have been meL the amount can be measured reliably and it is probable ihat the in¢OTn¢ will be received. Donation5 are recognised in the SeMent of Financial ActivÉties when the charity has been notified of the amount and the 5ettlemeni dale. If there are conditions attached to the donation and this requires a level of perforn]ance before entitlement can be obtained then income is deferred until those conditions are fully rnet or the fijifilment of those ¢ondilion5 is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the finan¢i41 slatements for volunteer lime in lirte with the SORP (FRS 102). Legacies are recognised in the Statement of Financial Activities when the charity has been nlfied of an impending distribution or the legacy has been received. Where the charity has been notified of a forthcoming legacy. but the amount and timing of receipt is not known, it is recognised in the Ststement of Financial Activities but is included as a contingent &sse¢ and dI105¢d in the notes to the financial statements. Investment income is earned through holding assets for investment purposes and is included in the Statement of Financial Activities when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity's righi to receive payment is established. Inter¢sl on ndS held on deposit is included when receivable and the amouni can be rneasud reliably by the charity. Ihis is nonnally upon notification of the interem paid or payable by the Bank. ExpeThditsre All expenditure 15 accounted ftir on an accnjals b&sis and has been classified under headings ihat aggregaie all costs related io the category. Expenditure is recognised where ihere is a legal or wnsiru¢iiv¢ obligation to make paymenfs to third parties, it is probable that the settlemeni will be required aTKI the amouni of ihe obligaiion ¢an be mwured reliably. Resources expended have been allocated in the Statement of Financial Activities as follows.. Costs of rnising funds- fte5 paid io the charitys investtnent managers. Charitable activities - all expendiiure direcdy and indirectly associated with meetin8 the objective5 of the charity. including financial support provided. Govemance costs- all exp¢ndiwre relating directly or indirectly to the general running of the charity. Grants payable to third parties are wiihin the ¢haritsbl¢ objectives and are paid to provide financial support for a period of time. Grdnts are recognised in the Ststwnent ofFinan¢ial Activities eveiily over the period to which they relate. Support costs include all overheads of th¢ charity. These have been allocated to costs of raising funds, charitsbl¢ activitie$ and governance costs on a basis ¢on5isl¢nt wth the use of the resources. Page 16
The John50n Clergy Assoclation (Birmlngham) CIO Notes to the Finan¢iAI Statements for the Yegr Ended 31st Mareh 2026 2 ACCOUNTING POLICIES (¢ontlnued) Flxed aHet IDve5tmeDts Fixed asset investtnents are a rni of basic fiDan¢ial instrument and are initially recognised at their transa¢tion value and subsequently measured at their fair value as at ¢he balance sheet date using the ¢losing quoted market price. The statement of finan¢ial activities includes the net gains and losses arising on revaluation ad disFx)sals throughout the year. The charity doe5 not a¢quire put op¢ions, derivatives or other complex financial instruments. The main fomi of financial risk faced by the ehArtty is that of volatility in ¢quity morkets and inv¢5tment market due to wider cconomic conditÉons. the attitude of investOTS to investment risK and changes in sentirn¢ni ¢oncerning equities and within parti¢ular sectors or sub secto. All gains and losses a taken to the StsteTnent of Finan¢i41 Aaivities as they arise. Realised gains artd losses on fixed asset investtnenis are calculated as the difference between sales proceeds ond their opening wing value or iheir purchase value if acquired subsequent to ihe first day of the financial y. Unrealised gains and losses are calculated as the difference between the fair valu¢ al the y¢or end and iheir canying value. R¢alised and unr¢alised inv¢stmeThi gains and losses are combined in the Statemenr of Finan¢ial Activitie Fixed as5d investments ar¢ stated 6t market value as at the balance sheet date. The statement of financial activities iludeS the net gains and1055es arising on the revaluation and disposals throughout the year. Current asset investments Current ass¢1 investments include bank deposits with a mawrity of less on¢ year from the financial yw end, which are held for the purpose of generating a return. Debtors and creditor5 Debtors creditors with no s¢at¢d in¢er¢s¢ r4t¢ and receivable or payable within one year are recorded al t51¢¢10 price. Any losses arising from impairment are recognised in eXltUre. Cash At battk and In h¥nd Cash at bank and in hand includes cash held in bank accounts where the primary purpose is to meet day-to-day opwaling aclivities and short-tenn working Capital need& Cash held within a rtfoliO of fixed asset investments is included a5 part of fixed asset investments where it is iniended that this cash will be utilised for ongoing investsnent activities. Cash held within a portfolio of fixed as5el inv¢stments which is not intended to be utilised ftir ongoing invesmient aciivities is included as at bank and in hand. Cash held in fixed-tem bank deEh)sit accounts wlre the mathrity date is more Llwi one ye8r from ¢h¢ financial year end is included in fixed asset investhieni8. Fixed-tem bank dekX)Sit accounts with a maturiry date of less than one year from the financial year end is included in current &sset investsn¢ni$. LTbiliti¢s proYi510115 Liabilities ar¢ rewgnised when there is an obligation at the Balance shttt date as a result of a past even( it is probable that a tronsf¢r of economic benefit will be required in settlemenL and the amount of the settlement can be estimated liably. Provi5ion5 are measured at the bem estimate of the amounts required to settle the obli84tion. Where the effec¢ of ihe time value of money is material, Ihe provision is based on the present value of ihose amounts, dis¢ounied ai ihe pre-iax discount rate that reflects the risks specifie to the liability. The unwinding of the discount 15 recognised in the Statement of financial activities as a finance cost. Page 17
The Johnson Clergy AssoeigtioTh (Birmingham) CIO Notes to the FiMnei*l Statements for the Year Ended 31st March 2026 2 ACCOUNTING POLICIES {eontlnued) Fund At¢ountlng General ndS are unrestricted funds whi¢h are ¥vaiiable ftsr use at the discreiion of the Tn in furtherance of the general objectives of the Charity and which have not been d¢5ignated for other purposes. Designated funds comprise unrestricted funds that haye been s¢t oside by the Trustees for particular purtK)s¢s. TaxotS0 The charity is a ¢h¥rity within the meaning of schedule 3 of the Charitie5 Act 201 l and is conSided ro pass the tests set oul in Paragraph I Schedule 6 Finance Act 2010 and therefore it rn¢¢ts the definiiion of a charitabl¢ ¢ornpany for UK corporation tax purposes. 3 INCOME FROM DONATIONS AND LEGACIES Unrestricted Funds Total 2026 Total 2025 Appeals- November colle¢tion Parish levy DonatiOD5 Legacies 49.213 49,213 44.491 48,(XJO 18.318 107.391 15,090 843,392 15,090 843,392 907.695 218.200 4 IiYCOME FROM INVLSTMENTS Unresiricted Funds Tothl 2026 Total 2025 Income fmrn listed investh]ents Bank interest 497.531 18,776 497.531 18.776 473.705 11.427 516.307 516.307 485.132 S COSTS OF RAISING FUNDS Unrestricted Funds Total 2026 Totsl 2025 Investtneni management ftes 76,211 76.211 49.909 Page 18
The Johnson Cleryy A5%Kiatio• (BiTmitithm) CIO Notts to the FloneAl SttemeDts for the Yellr EDded 31st M*rcb 2026 6 EXPENDITURE ON CHARITABLE ACTIVITIES 2026 2025 Support Unrestrt¢ted Funds GTrrts Paid Total Total Granthjaking 399.457 13.970 413.427 413.427 392.775 7 ALLOCATION OF SUPPORT COSTS 2026 2025 Gran0n1n8 Funds Totsl T¢Aal Legal and professional fees Bank charges TnL8t¢¢ mwing ¢0 Audii Bookkeeping Honoraria Sundry expel 8.918 26.753 35.671 125 1,507 11570 lJ66 35.671 125 ,507 12.570 1.366 23261 .507 12.570 1.366 1,108 11.970 1.548 6.000 3.950 1.927 4.151 4.151 13.970 47,420 61J90 61J90 47,837 8 STAFF NUMBERS AND COSTS The average nurnber of employees during the yearwas nil (2025- nil). Durittg the finartctal year. the following honoraria were wid: Totyl 2025 Funds 2026 Canon J Gilttrt Rev D Doran 3,000 3,000 The A550ciation i5 grnteful for the valijable suprA)rt of volunteer workers engaged in various fimdraising activities. No Trustee received any remuneratio benefits or expenses payinents dortti18 the financial year (2025 - £nil). 9 AUDITORS REMUNERATIOIY 2026 2025 Fee5 payable to the Charli5 auditor forthe a111 of the financi statem 12.570 11.970 P4e 19
The Johnson Clergy Asso¢iatloth (Birnilngham) CIO Note5 to the FiD•n¢lal Statem¢nts for the YeAr Ended 31st March 2026 10 FIXED ASSET INVESTMENTS Listed Lr)ng4enn investments bank de Cost or v•lw•tloD At 151 April 2025 Additions Disposals Revaluations Movemeni in cosh 19.467,124 4.574.554 (4,148,889) 2,048.601 22.468 19,467.124 4.659,554 (4,148,889) 2.048,601 22.468 85.000 Ai 3 1st March 2026 21,963,858 22.048,858 All ih¢ fixed a¢t investmen1$ are in lisied investments or fixe&tenn bank dewsits and held in ihe UK. All investments Are Caled al their fair value. Investment in equities and fixed Interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holding$ in common investmeni funds. unit tNsts and open- ended investment companies are at the bid price. The basis of fair value for quoted inve$tments is equivaleni io ihe market value, using the bid prict. Asset sales and purchases are re¢o8nised ai ihe d&¢e of Irade at cost (that 15 their lrnn$Klion value}. The hi$iori¢AI cost lisied inv¢siments 813 1st March 2026 was £15,890,507 (2025: £12.877.379). 11 CURRENT ASSET INVESTMENTS 2026 2023 Bank deposits 580 894 12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Prepayments and accrued in¢ome 314580 187494 13 CASH AT BANK 2026 2025 Bonk curreni COUnts Bank deposii ac¢ounts Inv¢slmeni Cash accounts 256.644 176,024 169 256,981 464,296 43,926 432,837 765.203 Page 20
The Johnson Clergy AssociAtioth (Blmlngh4m) CIO Notss to th¢ Fln4n¢l81 St•t¢m¢nts for the Yr Elld 31$t M*reh 2fj26 14 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2023 A¢¢nJal$ and deftrred income 33,773 11.970 15 TAXATION No taxation 1$ payible for the CUTrent or previOU5 financial year as all surpluses arise from lIvi1]eS furthering lhe ¢hari¢able objec15 of the charity and are utilised for charitsble purpose5, therefore le4ding to ex¢mption from taxation. 16 UNRESTRICTED INCOME FUNDS 2026 2025 Balance a¢ siart of year Nei incom¢ for th¢ year Net gain{105$t5) on investments in year 20.407.851 886,944 2,048,601 19,867,157 223.601 317.093 Balance at end of year 23 343 396 20407851 17 ANALYSISOF GROUP NET ASSETS BETWEEN FUNDS 2026 Unrestri¢i¢d Fund$ 2025 Total Funds Total funds Fixed assei Invesffijents Current assets Crediiors du¢ within one y¢ar 22.048,858 1,328,311 (33.773) 22.048.858 ,328,311 (33,773) 19.467,124 952,697 {11,970) 23 343 396 23 343 396 20 407,851 18 RELATED PARTY TRANSACTIONS Payments of honoraria paid durin8 th¢ curreni and preyious year are detailed in note 8 to these fingn¢i81 st4tements. The Charity has not entered into any other related party trnnsaction during the year. nor are there any outstanding balances owing between related parties and the Chariiable Incorporated Organisation at 3 1st March 2026 {2025 - none). Page21