Th¢ Johnson or Secular Clergy A￿0cl#tIOn
of the Ar¢hdio¢ese of Birmingham
Report of the Trustees and fsnancial StateJlleDts
for tb¢ Ye4r Ended
31st Marcb 2024

The Jobnson or Settsl*r Clew AMo¢ialion ofthe Arcbdiocese of Blrwiaghi
CoDteDts ofthe fiDattci*l Stat¢meDts
for tbe YeAr EDded 31st M#rtb 2024
Report of the Thwees
Report of the IndeF¢ndent Auditors
Statement of Financiat Activities
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Statement of C¥h Flows
14
Notes tr> the Financial Ststemertts
15

Tre Johnson or Secular Clew Assoeiatlon ofthe Ar¢hdio¢egt of Birmin8h•m
Report ofthe Trn$ttts for tbe Year Ended 31st March 2024
The Trus¢ees present their annual report together with the audited finan¢ial 5taiements of the Charity for th¢ year
ended 31st March 2024.
The finan¢ial Statements have been prepared in &¢¢ordan¢¢ with th¢ a¢¢oun¢ing wli¢ies set out in ihe notes to
the accounts and comply with ihe chority's governing dL￿UMent. the Charities Aet 201 l and Accounting and
Reportin8 by Charitl¢5- Statement of Recommended Practice applicable io charities preparing their accounts in
accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (effective 1°
January 2019).
REFERENCE AND ADMINISTRATIVE INFORMATION
Nam¢:
The Johnson or Secular Cler8y Association
of the Archdiocese of Binningham
Reglsttred Charlty Number:
238681
Prlnclpal Offlee:
17 Bir¢h Green Grove
st0k￿0￿.Trtni
Stafford$hire
STI 6RD
Trustees
Rev G Murrny
Chair
Rev J Batthula - gppoint¢d 3r4 July 2023
Mrs P Deeley
Rev M Dolman
Rev D Doran
Rev D Hartley
Rev P Madden
resigned 3rf July 2023
resigned 3rd July 2023
Adm5Trl$trntor.
Canon P FiwJatri¢k - resigned 3rd July 2023
Rev D Doran
appointed 3rd July 2023
SetretAry:
Canon J Gilbert
Aud5torn:
Rice & Co Limited
Chartered Accountants
Statutory Auditors
14a Market Fl8¢e
Uttoxeier
Staffordshire
ST14 8HP
Bankers:
The Cfroperative Bank
l Balloon Street
Manchester
M4 4BE
SDllcltors:
Lodders LLP
Number Ten Elm Court
Arden Sireet
Strdiford Upon Avon
Warwickshire
CV37 6PA
Investment MaThagers:
Quil¢¢r Chevioi
S¢n￿Or House
85 Qu¢¢n Victoria Street
London
EC4V 4AB
Page I

The Joh￿$00 or Secular Cl¢rey As￿14*10￿ of the Archdlocese of Blrmlngh8m
Report of the Tru5tecs for the Year Ended 31st Mthreh 2024
STRUCTUR& GOVERNANCE AND MANAGEMENT
Con$tit¥tlo
The Johnson or Secular Clew Association of the Ar¢hdio¢es¢ of Binningham ("The Johnson A$s￿l8(10n") is
an unincorporated associ￿lOn registered with the Charity Commission. registration nurnber 238681, and acts
independenily of any other charity.
The Association is governed by ihe rules adopted as its constituiion on 29 Novernber 2000 and amended on 14th
July 2010, 13th July 2011. I Ith July 2012, 1 Ith July 2013. 2nd July 2018. 7th O¢tober 2020. 5th July 2021 and
4th July 2022.
Trustees mettlngs
The Body of Truste¢$ ¢ortsists of five person$ elttted by the Members ai ihe Annu41 General Meetin8. Each
year oDe fifth of the trustees will retire. The Trustees io retire will be ihose who have been longesi in office
$in¢e they were las1 elected. New truslees may be nominated by any member, the board of advisors, or the
TrusteA and will be elected by the members ai the AGM. However, no per$on Shall be eligible for election onto
the Body of Trustees if ￿ ihe date of ihe Annual Genernl Me¢ting from which if elected he will hold office, or
the date of ihe Trus¢ees' Meeting at which he is cTropted, h¢ will hav¢ s¢ry¢d ten consecutive years as a Trustee.
Trustees meet quarterly and give rheir time freely, with no tTUStee remuneraiion or expenses paid. Honoraria are
paid io the Admini$ira¢or and Se¢retary. who #re not Trn$tees. Tru$i¢es are r¢quired to disclose all relevant
interests or activity wlih anoiher charitable trnst. a declaration of interesis is signed ut every Trustee M¢etin8.
The Chair of the TN$¢¢es is appointed by the Thistees irnmediat¢ly following the Annual Genernl M¢eiing and
is A trustee ex officio. The Chair of Trus¢ee$' holds office for ihree years, after which they may be appoini¢d for
second terni of offi¢¢ bui after ihe expiry of such second tenn will noi be eli8ible for appointment as th¢ Chair.
At Trn$tees meetings, the Trustees have a8r¢ed thai 4r¢as of Governance and aciivity should be organised in
sysiemaii¢ manner. At each of the quarterly meetings the Trusttts give due consideration to the 4pplication for
discretionary granls. The day to day ttdminisirntion of gronts and the processin8 and handling of applications
prior io ￿nsIde￿tIon by the Trnsiees is delegated to th¢ Adminisiraior.
Ai Trustees M￿1n8$ durin8 the year, there is a focus on Truslee training. This serves ￿ training for the newly
appointed irnstees and an annual update for all of the Tru$ttts and their dele8ares. The Autumn Trustees
Mttiin8 usually also has an induction training session for new Trustees. Previous Tnjsiee ir4ining hi8hli8hted
that greater divez3ity would be valuable for our organisation. The Tru$*e$ addressed this issu¢, in re￿1 years.
and are awor¢ of li for fuiure Trustee appointments.
This year the Thisiee$ reviewed the Constitution to ensure ihai they were familiar with its principles and
content.
In particular the Trustees re￿ived tralning in the following areas:
Fundraising and the Fundraising Re8ulo¢orl Fundraising Code.
"The Board". and the ¢hang¢s proposed in relation to the oper￿lon of this.
Charity Governan¢¢ Code.
General trainin8 and especially the Short G¥id¢s referred io in the Welcome Pa¢k issued by th¢ Chwity
Commission - with 8 focu$ on conflicts of interest, deeision taking and the objects of ihe ¢harity.
The changes to the Charities Act 2022 which is being pho$￿ in at present.
Fin•lly, gs referred to below, there was a fo¢us on the grant-making polley and pro¢edure to ensure that it is up
to dale. See further below.
At the fi￿ meetin8 of the calendar year, the Tru$tees undertake an annual financial Yevi¢w updating their
financial policy and risk mana8emeni. The Trustees, together with the Association's Invesrment Managers -
Quilter Cheviot - ensure that the level of financial risk is effeciively manEged to enable the trustees to ftjreca
and provide the funds available to support ihose Secular Clergy io whom il offers a discretionary granL whil¢
ensuring that the long4enn investmeni policy is upheld.
Pa8e 2

e JohDSOn or Secular Clergy Association ofthe Archdiocese ofBlrmlngharn
R¢port oftb¢ Trustw (or the Y¢qr Ended 31st M•rch 2024
At our January Thstees meeting we discussed Responsible Investment- defined as:
A Straiegv ond prtscilce io incorporaie environmenial. sociol ond governance f£SG) I￿roT$ In Invatménl
decuions tMd aeiive Lx4pnership'.
ESG= Environmentsl, Social and Governance has further su￿headingS in each w¢80ry.
Quilter Cheviol and other Inve51m¢nt Cornpanies 4re now required to discuss Responsible Investment with their
client5 and to log and document this discussion.
Quilter Cheviot works in dialogue with those cornpanies in which it invests, which in tum (1¢ is hoped) lead5 to
positive Change.
Quilier Ch¢viot ha$ an engagemeni policy-"We vote and engage with compgni¢s"
The TnI￿etS agreed ihat Respjnsible and Sustainable Invesm?eni should be a part of the broader Financial
Policy which would be discu&8ed at the first meeting of each year.
Subsequently the followin8 siatement was agreed which will fom lh¢ basis of a draft 'poli¢y for investment,:
In prlnclple ihe Board wlsh io be responsible inV￿lOTS. Environmenlal. soclal ond gover￿anCe (ESG) crlierlo
are a sel of slandardf ihat swial&J cons¢lous Invesiors, such os o Charity, ¢Qllslder when reviewing fhelr
Invesimenis. ENvlronmenial crlieilo conslder how a ehttrity perforRU as a sreward of ndiure. Soclol crilerla
¥amine how il manages relaiionships wilh employees, suppllérs, eutlomers. ond ihe communlii¢s wh¢re li
operoles. Governance dea15 wilh a chority's leadership, &recNilve pay. èydils. inlernal conirols, dnd
shareholder rlghis. Therefore. lh¢ IKvésimenl managers ore encouraged io lake acco￿￿1 of ESG I￿￿¢1 in ¢helr
invesimenl analysis onddeclslon-mokln8pro¢esses andengage wilh charlty nianogem¢ni wheh appr¢wlale.
Durin8 the yeBr. the Trustees undertook a review of all of the policies and procedures of the Board of Advisors
io the Trusiees. The review ￿0k place with each TnJsi¢e lookin8 at one policy ¢a¢h and then presenting their
review and considerations for all the Tw$ie¢s to make their ¢ontribution$
various ¢han8es were made io
policies. errors and typ05 COTrected and updated and agreed by all Tru￿e¢S.
The Annual Genernl Meetin8 take5 place in July. Each of the members are invited to attend. The AGM Accepts
the resignation of one fifth of the Trnstee body and elects a new irus¢ee. The AGM discusses thos¢ matters
prow)s¢d by the Trusie¢s. or Board of Advisors, as well as any matter proposed by a member. The Twsrees.
Repon and Financial Staiemeni Are agreed, and any other business Ls required, e.8. Ihe appointment of Auditors
and Accounwits, as well AS the appointmerti of an Administrator and Se¢r¢tary.
Statement of TruJteeJ' rejponslbllltles
The Trustees are r¢sponsibl¢ for preparin8 the Trustees, report jnd ihe finan¢lal $takm¢nts in accordance with
applicable law and United Kingdom Accouniin8 Standartls (United Kingdom Genernlly A¢¢epted A¢¢ountin8
Pr4¢1i¢e).
The law applicable to charitie$ in Englortd and Wales requires the Trustees io prepare finan¢ial statem¢nt$ for
each financial period which give 8 true and fair view of the slate of affairs of ihe Charity and of its incoming
resources and appli¢aiion of resour¢e& including its income and expenditure, for that period. In preparing these
financial stai¢ments, Ihe Trustees are required to..
s¢l¢¢t suitable a¢¢ountin8 policies Bnd then apply them ¢onsistently>
observe the methods and principles of the Charitie5 Ststemenl of Re¢ommended Practice (SORP 2019):
mak¢ jud8m¢nts and ac¢ounting estimates thar are reasonable and prudent.
state whether applicable UK Accounting Sthndards have been followed, $ubj¢¢t io any material
departures disclosed and explained in the financial sthtem¢nts' and
prepare the fin80¢ial sthtements on the going concern b&qis unle55 it is inappropriate io presume that
the Charity will ¢oniinue in bu$ine5S.
The trustees are re5ponsibl¢ for keeping proper accounting records that ar¢ sufficient to show and explAin the
charity's transaction$ and diKlose with reasonable accuracy at any tim¢ the financial position of the charity 4nd
enable them to ensure tho1 the financial slatements comply with the Chariiies A¢t 2011, the Charities (Accounts
and Reports) Regulaiions 2008 and the provisions of the ttU51 deed. They 4r¢ also responsible for safeguording
the assets of the charity and hen¢¢ for taking r¢a50nable steps for the prevention and Iktection of fraud and other
irregularities.
Page 3

The JohTrsow or Secular Clergy As%KiitiDn of the Arckdloeeje of Blrniingh•m
Report of the Trwtees for the Yur Ended 31st M4r¢h 2024
The Board of Advisers to the Trnste¢s (De*nery Reps)
The Board of Advisers to the TnLStees ore the ¢krgy rewesentatives elected by their Deanery to represent the
Members of the Deanery and keep the trustres infornied as to the physi¢al wellbeing of the members. They are
elected. to advise the trustees in matters Telatin8 to the AssociatiLm. advice the trustee5 must listen
¢0.
The followin8 reirneniatives served during the year.
Rev K Hooper
Rev B Devanney
Rev A Foster
Rev S Pimlott
Rev M E8awhory
R¢v P Wh¢ild
Re¥ C Ro8eN)n
Rev L Nguyen
Rev D Lamb
Rev J Gre
Rev T Noru)n
Day-tfTrd#y op¢ratlons
Responsibility for day-io day affairs of the As%Kiation betn delega￿ w the 4drnini5trator and secr¢tyy.
Assocl•ted Compafty
The Johnson or Secullr Clw ASS￿1111￿ of the Arthd1[￿¢Se of Bimiingham ha5 an &qKKioted Trn
Company - The Johnson Trust C(xwation Limi*d (cornpany number 8287813) which holds any real property
as custodian tNsttt of The Asso¢iation. The ￿gIStered office is 17 Bir¢h Green Gr(Jve. Stoktron-Trent.
Staffordshire STI 6RD. The Johnson Tnt# Cor￿?110￿ Limited has been domwit thTOU8hout the curra)i and
pr¢viou$ finan¢i•l years.
Rlsk mana2ernent
The Trustees of th¢ John30n AsJo¢iaiion review and their Risk Register every Six months and havirt8
reviewed those risks ihey have ¢sthbli5hed systems and wocedures io manage those risk$. Usually this is an
exercise in plannin8 for th¢ worm-¢￿ s¢entirio. Reviewing the Risk Re8iSter proved to be robu# and has
served us well.
The Trustees consider th¢ variability of investment relurns upon their investment portfolio as a significant
financial risk. They are also aware thai in common with g0¢iety in general. the Secular Cler8y are. as a whole,
oEder than they were and livin8 longer. Therefs)r< li is probAble the financial dernands upon the Charity will
in¢rease at a time when volatility in world mthets Seems hi8her.
Following a completion of a survey of the Secular Clergy b&8ed on their ¢urr¢ni ag< (which has enabled them to
produce a ddailed fore¢ast of the numbers of Secu18r Clergy who will retire ¢a¢h year for the nexi Th¥enty five
yearsk the Trustees ore equipped to make de¢i$ions on a long-tenn basi& as well as ¢ontinuin8 provision for ihe
Idiiional numbers of Se¢ul* CW r¢tirin8 and fu￿Te dern￿ds th¢ ClTrarity.
With ihe incre8sin¥ uncertainry in finan¢i41 Marke￿ the Tru*ees in ¢onsulthtion with th¢ir Investment
Mana8¢rs, undertiN)k a thOr￿gh financial r¢vi¢w agreed the level of financial risk they We￿ willing ¢0
accept. The trustees •8rttd io keep the curreni risk $thttLS ￿'medIUM..
OBJEcfivES AND AcfiviTIFS
Objectfves
The Johnson Asso¢iaiion'$ objective is the support of th¢ Secular Cler&v of lh¢ Arthdioc¢se. who, on ac¢oun¢ of
age or infirniity, •r¢ no ion8er able to c￿lIn￿¢ th¢ir parothial work and io SUFP)rt priests who are suffering
temkw)rary illness.
The Trus*s ¢onfinn that they have refefted ￿ the 8uidsKe conthined in the Charity Commission'$ g￿eral
guidance on public benefit when reviewin8 the Asxxi¥¢ion'5 4)bjectives and in planning future activtt1¢5 and
¢onsiderin8 the 8rant makin8 N)liey.
Aetfvlty
The Johnson Asso¢iation achieves its obie¢tive by:
Providing discretionary grants to priests WI￿ through old age or infimiiry are rK) longer able to work
Providing discretionary gE¥nts in aid of priests who are on the active lisl but who are incapa¢itsl¢d by
serious illness for a rttiod longerthan a month.

The Johnson or Secular Clergy Associatlon of the Archd10¢￿e of Birrningha
Reptsrt of the Trustees for the Year Ended 31st March 2024
Grnnt Making Policy
It is through the provision of diseretionory grants that the Johnson A550ciation seeks to ￿lfil is objective to
support the Secular Clergy of the Archdiocese, who, on account of age or infirnity. are no longer able to
¢ontinue their paro¢hial work and to support priests who are suffering temporary illness.
The review and governance of the grant making policy is an important priority for the Tnslees. Following
¢onfimiation from the Ar¢hdio¢ese thai a Priest has retired, the retired priest may apply for a di￿retIonary grant.
li is expected that ihe applicani's financial arrangements are dis¢los¢d in full. and ihat any major financial
rnaii¢rs are d¢tailed. ¢.g. the lack of a full pension, financial demands &$ a resul¢ of full-time nursing core,
savings and investments, privat¢ in¢ome. The Tn￿teeS also ensure th* the applicant ha5 upheld th¢
requirements and obligation5 of the Association.
The 4ppli¢ation 1$ s¢ruiinis¢d by th¢ TTUStees and a judgement is made on th¢ awording of a gran( either in full
or in part. depending upon the individual's ¢ir¢um51ance& The TruMees do rtot hav¢ a single figure for every
case, but rather prioritise their attention and support ox thos¢ whose need is greaiest, withrn an agreed range.
The TTUStee5 review each grdnt offered to the recipienLS if their ¢ir¢umstances have changed.
M*in 4¢tivttie5 undertaken to further the Ch8rlty'$ pwrpose$ for the public bejbefit
When planning the grant making activity of the Association the trustees have ¢on5ider¢d the Chariry
Commission's guidance on public benefit and. in paffi¢ular, Ihe specific guidance on ¢harilies for the relief of
poverty and they have also had regard to the specific 8uidan¢e on dwities for the advancement of religion.
The Association makes grants principully to retired clergy. Such financial assistance is needed to assist rdir
clergy towards maintaining their #artdard of living during retirement. The making of grants depends on the
circumstances of th¢ r￿lpI¢ll[.
The clergy are valued members of ￿lety.. l)uilding and strengthening communiti¢s, supporting the dying and
bereY4ve(L ministering to the sick at home and in hospital. Caring for the poor and marginalised. visiting those in
wison and providing spiritual and mornl edu¢ation for ¢hildTen.
Review ofactlvlties
During the year the Association h&5 continued to focus oll its core activi¢i¢s of raising fijnds to provide fin4n¢ial
assistsnce to retired and incapacitated priems. Income 15 r¢ceived from a l¢vy paid by ihe parishes of the
Archdio¢ese of BiTmingham together with on annual s¢cond collection in Chur¢h*s within the area. This is
supplemented by genernl donations. legacies and incorne received from our invesmients which are carefully
monitored by our invesrm¢nt managers Quilter Cheviot.
The Trustees moniior their a¢hievemeni and perfomiance in their ability to care and $upporr growing numbers
of Secular Clergy who rely ot) ihe Asso¢iation's provision today and in the future, while keeping an appropriate
balance bettveen ￿rren1 funding and financial provision for fu¢ure generations.
Number of Secular Clergy Supported:
2019 2020 2021 2022 2023 2024
58
65
56
57
61
FuThdrnlslng acttvitles iDCOm¢ generatlo
The Association rdises ￿ndS through an annual second ¢oll¢ction in the Churche5 of th¢ Archd]￿e$¢ of
BiTmingham. Donations are klso made through Standing Order pajments and through the A550ciation's w¢bsiie.
There were no complaints received by the Association about activitie5 by the A$s￿la¢10n or by a person on
behalf of the Associ*ion for the purpose of fundraisin8. The Association tsken measures to proieci
vulnerable people and oth¢r rnembers of the publi¢ from the following behavI￿r5 in the course of or in
connection wilh fLtndraisÈng activities:
Unreasonable intN5ion on a person's priva¢y.
Unreasonable persis(ent approaches for the purpose of soltciting or otherwise pro¢uring money or other
property on behalf of the chariry.
Placing undue pressure on a person to give money or other property.
Page 5

The JohDsoD or Seeular Clergy Assoei*tlDn of the A￿hd10¢￿se of Blrn)InghAm
Report of tb¢ Trustett for the Year Ended 31st Matth 2024
Investment pDlky and performance
The core of the Association'5 income is derived from donation$ and legacies. Twhith by their n4tur¢ are subject
to fluctuations. To 5UStain 4 l¢vel of incom¢ sufficient to meet demands (m IL% resour¢es. the Association
requires a signifiwil ¢apital base and the trustees have maintsined an xtiv¢ inv¢sttn¢n¢ poli¢y to Fyovide a
degree of stability and certainty in income level5.
The aim 1$ to maintain and. if possiTr*le. increase the Teal value of the monies invested. In doing this. suffiei¢nt
income should be generated 10 5uppl¢ment the ¢ore in¢ome and Provide the annual funds needed to meei the
objectives of the AswÈation. The Charity regularly reinvests any surplus it receives (usually from bequests)
into its Portfolio. to ensure that its investments are secure and growin& and its dividends are sufficient io cover
the expethd in¢re&8e in future grant applications.
InV￿lMents h¢ld by th¢ Asso¢i￿10n. whi¢h we shown at now 10 of th¢ a¢¢cWI￿ w#e a¢quiTed in accordance
with th¢ pow¢ts avaiiabk to the trus*es and the Trustee Act 2t*)O.
The Charity's investment manarn l)Lil¢er Ch¢vioL are in&nKt¢d to generate a balance between capityl
growth and income. provided that the gross income each ythr excee¢k a minimurn of £175.000. Investment
income for the year ￿talled £443.48712023: £341.759) as shown in note 4. The consistent level of income this
year continues to Tefleci the ￿Tren1 ecoTh)rnic climat¢ and also the need io maintain a balance between ineom¢
generation and ¢apital growth.
During the yew there was an ow¢rall in¢w of 7.91% (net) in the investment portfolio (2023: decrease of
4.9%).
The yield on inv¢stm¢nts fty the ytsr wa$ 22Vh (￿23. 1.98%) which was in line with expectrtiorts given th¢
genernl Ma￿et perfomance.
FINANCIAL REVIEW
FiTrao¢i*l Performance
During the year ended 3 1st Marth 2024. a higher level of Iyies received of £476.609 (2023 - £29,911) has
led to an increase in total incorne to £1,018,810 from £477.126 in 2023. This is ¢omprised of Ihjnations and
legacies of £575,323 (2023- £135.367) and investment income of ￿43,487 (2023- £341.759).
To¢al grants rdid dire¢¢ly to priests In￿eaSed 10 £429,525 from £384.443 in the previous year and this
¢oniributed ¢0 gn increase in io¢al exwKliture from £462232 to £530.029.
A surplus ￿rore invesDnent gains of £488.781. up fmm £14.894 in 2023. ha5 resulted.
Investment Y￿UCS have increased by £1.094.487. more thon r￿vering the 105se5 of £978293 in the previou$
year. Leading to an increase in iotsl funds of £1,583268 COMp￿ed to 4 decrease of £963,399 in 2023.
Total unrestricted funds &8 at 3 1st March 2024 were £19,867.157. Investments are maintatrted to provide Current
and fijture grants and are therefore noi considered by the Trustees to be free rvmes. The level of free re5¢rve5
at 3 1st March 2024 was £1.697.9)O. up frcrtn £1.166.915 in th¢ w¢vi(NJ5 year.
Golng eontern
The financial swements have been prewed on a going concern basis under the hu8torieaI ¢05t basis of
a￿oUntIng rute5 Modified io account for inv¢sDMents 8t foir v41ue. Each year the Tnjstees review the value of
the inv¢stmeDt ￿fOllO in conjunction with the investh)¢nt mangger5 and the availability of c¥h in the Short
temi to ensure th¢ Charity is a going concern. At the time of signing these financi￿ stsiemenL8 th¢ Trustees
hove considered the going concern p05iiion and consider th¢ Charity will be able to c(￿ti￿lle to OF*rat¢ for a
nod of at lea￿ 12 months from the d&e of signing these finan¢i41 statements. The Charity ha5 a Strong cash
position of £1.487,513 and of £19.87m and on basi& the Tr￿ hav¢ prepared these fit]ancial
statern¢nts on a going concern basi
Page 6

Th¢ Joltnson or Setul•r Cler8y Aswrthtlon of the Archdiocese of Blrnilngham
Report of the Trusteu for the Year Ended 31st Mar¢h 2024
Re5erv¢s policy
li 1$ the poliey of the TJw4ees to maintain free ￿ery¢S of the Charity at a level which equates to approximately
eighteen to twenty-four months, grant payments, taking into consideraiion likely changes in the number of
recipients and the level of grant paid.
Free r¢serve5 of £1,697.900 at 31st March 2024 (2022.. £1.166.915) represents over 24 month5, grant payrnents;
this 1$ partly due to the receipt of substantial legacies in 2023124. Legacies will be allocated lo investment funds
in order to provide income in fuiure years in accordance with the eharity's objectives. The trustees continue to
monitor th¢ level of free reserves and believe thaL based upon the currcnl value of the investment portfolio. the
Association will be Able to fulfil its objectives in ihe short to medium terni.
Bonklng Arrangements
This year iher¢ hav¢ been significant ¢h8llenges with our banking atTangemen￿ due to the decision during
2022r23 by AIB GB, to withdraw from the UK market. Following a healthy forty-y¢ar relationship wi¢h our
bank, it cBme as a considerable sho¢k to the Trustees to learn that AIB GB wos unilaterally withdrawing from
Ihe UK markeL and that we would have to find gnother bank. After many problems, w¢ were finally able to
open ￿ account with The c￿operatIve Bank in April 2023.
PLANS FOR THE FUTURE
Our future objectives are lo ensure that sufficient finances are in place to Ix able to ¢tsntinue io saiisfy all
su¢¢¢ssful application5 for financiBI support. The number of Secular Clergy that we Support has been growin8
each year as the number of those retired grows. We must endeavour io ensure ihat we maintain and improve the
value of our inve5tmenl portfolio to enable us io meet this demand for our resources.
Having reflected carefully upon our banking experience and th¢ le$son$ we Can learn from this experlence. the
Tmst¢¢$ have de¢ided (with approval of all members at the AGM) io ¢haii8e our Charity ststus to a Charitable
IncorpoNed Or8artisa¢iort {CIO). This is a significant ¢hange in our legal $ta¢us but would be easier to
encoura8e new Twstees io join the ¢harity, and would be wel¢omed by in5titution5, su¢h ￿ a Bank. This chan8e
will hopefully tske place during 2024QS once all the 1¢8al pop¢rwork and Approvals have been 8ranted - and
another'new" bBnk account sourced.
The Trustees dlscus8ed the need for on independent financial 5e¢rethry ￿ be appointed to keep the day-to4lay
a¢counls. An appointment has been mBd¢ and their responjibiliiies $¢aned in the new financial yeor in April
2024.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the person$ who are Trustees at the rime when this Trn$tee$' report is approved ha5 confirnied ihat:
so far as that Trustee is aware. ther¢ 1$ no relevant audit infomiaiion of which the chgrity's auditors are
unaware, and
that Trustee ha5 taken all the Steps that ought to have been taken as a Trustee in order to be aware of
ony relevant audit infomiation and io esiablish that the charity's audilors are aware of th￿ infomiation,
Approved by order of ¢h¢ members of the board of Trustees on 8th July 2024 and signed on th¢ir b¢half by:
Rev G Murray
Trust¢e
Pa8e 7

lTrdtpende￿t Auditor's Report to the Trustees of
The or S¢¢ul*T CleT8y Association of the A￿hdiOte3e of Blrmlngh8m
Oplnlo
We have audited the finan¢ial s¢atements of The j01m￿ or Secular CkrBy AssLKiation of th¢ Ar¢hdioc¢se of
Bimingham (the 'charity') rcr the year ended 31￿ March 2024 which ¢omprise the Ststemeni of Financial
Aclivi¢i¢s, th¢ B8lan¢¢ Sh¢¢( th¢ Stst¢m¢nt of Cash Flow& N￿¢5 10 the Statement of C&th Flows and Notes to
Ihe Financial Sts1emen￿ including a surnmary of signifi¢ont 4¢¢ounling p)licies. The financial reportin8
framework that has been a￿lled in their preparation is applicable law and Unii¢d Kingdorn Accounting
Stsndards in¢lwJin8 Fiiian¢i41 Reporting Standard 102 Tr Financial Reporting Stsndard applicable in the UK
and Republic of Ireland. (United KIngd￿n Generally Acc¢Wd Accounting Pra￿lCe1
In our opinion the fin4n¢ial sro*m¢nts:
8ive a and fa￿ view of the stste of the Chariws affairs as at 3 IA March 2024 and of its incomin8
resources and application of resources f￿ the year then ended:
have been properly prepred in xcothce with Uniied Kingdom Genernlly Ac¢ept&l Accounting
Prn¢ti¢e: and
have tr*en pr¢pArcd in accordanc¢ with the requirernents of the Charities Ad 2011.
Bail$ for oplnlo
We conducted our audii in ac¢ordan¢¢ with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities und¢r thos¢ Sthndorth are further described in ihe Audiiors. rtsponsibilitie$
for ihe oudi¢ of the finincial sthtements section of our report. We are independent of the Charity in accordance
with the ethical r¢qiiÈr¢ments that Ire rekvant to our a￿lIt of th¢ financial statements in the Uni*d Kingdom.
includin8 the Pinancial Repurting Coun¢il'$ Ethi¢al Standrt and we have fulfilled our other ethi¢al
responsibilities in accordance with these requirem¢nts. We believe the audii ¢viden¢e we hive obthined 1$
sufficient and appropriate to provbde a bfysis fw ¢)ur opinion.
Con¢lu*loTr$ rel•tlTri to iolng eon¢¢rn
In audiiin8 the financial sthtemen4 we h•ve wKluded that the Tn￿. us¢ of the 80in8 concern b¥1$ of
A¢¢ounting in the pryartion of the fman¢i•l ststements is appmpriat¢.
Based on the work we have prforni¢d. we have identified any material un¢ertainties relating to events or
¢ondilion$ ihal individually w colleciively, may ¢as( si8nificant doubt on the ¢hority's ability to continue as
goin8 concern for • period of ai least twelve rnonihs from whth the fth*ncial statements aye authorised for issue.
(￿r responsibilities ond lh¢ responsibilities of the Trustres with respect W 80in8 concern ar¢ described In the
relevant sections of this reporL
Other Informatlon
The other information comwists th¢ inforni￿1On included in the Annual report other thBn the flnan¢ial
atrments and our Auditors, report th¢reon. The Truslee5 are responsibl¢ for the ¢ther infonnwion conthined
within the Annu41 reporL (￿r opinion on th¢ fin￿¢111 S￿ements does not ¢over the crther infonnaiion and.
excepi to the exient othenvi5e expliciily swed in our T¢￿r( we do ¢xF*¢ss any form of wuranc¢
conclusion thereon. Chlr r¢sp)nsibility is io read the other infO￿ation arf in doin8 sty ¢onsider whether the
other inforniation 1$ maierially inconsistent with the financi￿ statements OT our knowledge obtained in the
course of the audit, or otherwise appew5 to be materially missthted. If we identify such ma¢erial inconsistencies
or app8reni material mis5tatemenW we are reqUI￿d to deiernline whether this gives rise to a material
misstatement in th¢ finan¢ial statements themselves. If, bgs¢d on the work we have perfome4 we conclude th
there is a maierial missthtement of this other inforniation. we are required to re[￿ that f￿L
We have nothin8 to report in this regar

Independent Auditor's Report to the Tru5tee5 of
TheJohnson or Seeuiar Clergy Association of the Archdioeese of Biminghatn
Matters on whleh we are required to report by exception
We have nothing to report in respect of the following matters in rel#tion to which th¢ Charities (Accounts and
Rep)rts) Regulations 2(K)8 r4uires us to report to you if, in our opinion:
the inforniation given in the financial statements is inconsistent in any material r¢$pe¢t with the
TTUStees' reN)rt"
sufficieni and proper accounting records have not been kep¢;
the financial swements are not in agreement with the accounting reeords and returns;
we have not received all the infonnation and explanations we require for our audii.
Responsibillties of Trustees
As explained more fully in the s￿eMent of Trustees, responsibilitie5 set out on page 3. the Trustees are
responsible for the preEYdration of the financial statements and for stJch interna] control as the Tru5tee5 deternine
15 ne¢¢ssary io ¢nable the preparation of financial statements that are free from material misstatemenL whether
due io fraud or error.
In preparing the finaftcial statements. the Trnstees are responsible for assessing the Charity's ability to continue
as a going concern, disclosing, as applicable, matters related io going concern and using the going COnc￿n bLsis
of a¢¢ounting unless th¢ Trustees either intend to liquidate the Charity or to eew operations. or have no
alisti¢ alterna¢ive but to do $0.
Audltor's respon$5bili¢i¢s for th¢ 4ydit of the financial statements
We have been appointed as auditor under se¢tion 144 of the Charities Act 2011 and rewt in 4¢¢ordance with
the Act and relevant r¢gula¢ions rnade or having effect thereunder.
Our objectives are io obtain rwonable 4s5uranc¢ about whether the financial $tstemen¢s as a whole are free
from material misststemenL whether due io fraud or em)r, and to Issue an AudI￿r$, report that includes our
opinion. Reasonable assurance is a high level of assurdnce, but is not a gual￿tee that an audit ¢onducted in
accordance with ISAS (UK) will always detect a mat¢rial misstatement when 1¢ exists. Missthtements can arise
frorn fraud or error and are considered material if, individually or in the aggregaie, they could reasonably be
expected to influence the economic decisions of u5¢rs tsken on the basis of these finon¢ial staiements.
Irregulariiies. including fraud, are irt$tan¢e5 of non-compliance with laws and regul￿10n$. We design procedures
in line with our responsibilitie4 ouilirted abov¢. to detect material misststements in respec¢ of irregularitie
including fraud. The extent to which our procedures are capable of detecting irregularitie& including fraud is
deiailed below:
obtaining an und¢rslanding of the legal and regulatory from¢woTk applicable to the Charity and how
the Charity 1$ complying with that frameworL including agreem¢rti of financial statement disclosures
to underlying documentation and other evidence.
obtaining an under5tsnding of the Charity's control environment and how the Charity has applied
relevant control procedures, through discussions with Trnstees and m&nag¢Tnent and by perforniing
walkthrough t￿ing over kw areas.
obtaining an Und¢￿tandIng of the Charity's risk assessment procvs. including the risk of fraud:
reviewing rneeting minutes of those charged with goveman¢e throughout the year; and
perfomjing audit testing to address the risk of management override of controls, in¢luding testing
joum&l entrieg and o¢h¢r adjustments for appropriaienes5. evaluating the tztionale of significant
transaction$ outside the nomal course of activities and reviewing accounting estimates for bias.
Page 9

Independent Auditor's Report to the Trn$iefs of
The Johnson or Se¢ul*r Clergy Assoeiltioo of the Arthdli*tse of Birjningha
Whilst ¢oAsidering how our audil work ￿r¢s5¢d the detection of irregularities, we also ¢onsidetrd the
likelihood of deteciion based on our 4)pro8¢h. ITregulariiies arising fmm ftaud are inherEn¢ly more difficult to
detect than those arising from ern)r.
Because of the inherent lirnitstiOD5 of an audiL there is a risk we will Th)t detect all irTegularities. including
those leading to a material misstatement irt the financial stalements or non•compliance with regulation. This risk
increases the more that compliance with a jaw or regu]ation is removed from the events and transactions
reflecied in the finartcial staiem¢nLK &% we will b¢ less likely to become aware of in*anc¢s of non4omplian¢¢.
The risk is also gr￿eT regarding irregularities oc¢yJrring due to fiaud rather thart ttror. ¥s fiaud involves
intentional conceaimenL forgery. collusion. omi55ion or misrepresentstion.
A further de5eription of our re5ponsibililies for the audit of the finan¢ial statements is locatsd on the Financia]
Reporting Councifs websiie at: www.frc.or&uklauditorsresponsibiliiies. Thi5 description fornis part of our
Auditors, rel
Us¢ of our report
This report is made solely ￿ the Charity¥ tn&ee& as a Ih)dy. in a¢¢ordmce with Parl 4 of the Ch¥riti¢s
(Accounts and Rewrt5) RegUl￿10ftS 2008. Our audht work has been undertakert $0 that we might state to the
Charity's trustees thos¢ matters we are required th stste to them in an Audiiors, ryrt and for no other purpose.
To the fullesi extrni p¢miilled by law. we do noi accept or wume responsibility io anyorte other than the
Charity and its trusttt4 as a tM)dy. fty (wr audit worK for this for the opinions we have fomie
Ri¢e & Co Limited
s￿￿tOry Auditor
14A Market Place
Uttoxeler
Staffordshire
ST14 8HP
Date.. 8th Juty 2024
Ri¢e & Co Limiied are eligible to ¥1 as audiiors tn of section 1212 of the Conynies Act 2006.
Page 10

The Johnson or Se¢uknr Cleryy As$￿11￿•m of ihe Archdiocese of Birmin￿4
ststemettt of FIL￿¢1*] A¢trviti¢s
for the Yur End¢d 31￿ M•r¢b 2024
Total
Funds
2024
Totsl
Funds
2023
Funds
2024
Income:
Donations and1¢8a¢ies
Investh*nis
575.323
443.487
575J23
443.487
135.367
341.759
Totsl Income
1,018.810
1018.810
477.126
Expendlture..
Costs of raising
Charit4ble a¢tiviti¢s
Governance costs
44.810
443.018
42201
44,810
443.018
42201
45.507
416.725
Tot*l expendlth
530.029
530,029
462232
Net income for the year
488,781
488.781
14.894
Net gains on investments
10
1.094.487
1.094.487
(978293)
Net movement in funds
1.383268
1583268
(Q63,399)
Totsl funds bmught forward
18283.889
18283.889
19.247288
Tot*1 funds carried forward
16
19.867.157
19.867 157
18.283.889
The S￿ernent of Financial Adivities includes all goins and kJsse5 Tecognised in the year.
All incorning resources and resour¢ts expended derive from continuing activities.
The note5 forni part of thtse financial

The Johnso• or Seeular Clergy Associ*tion of the Archdioeese of Birmlngha
BAknnce Sheet *$ It 31$¢ M•r¢h 2024
2￿4
2023
Note
Fixed •ssets
Investments
10
18.169257
17.116,974
Current assets
Debtors
Cash at bsnk and in
248.157
1.487J13
214,165
980.694
12
1.735.670
1.194.859
L4abilities
Creditors: Amounts f4llingdue
within one year
13
37.770
Net eurrent usets
1,697.gX)
1.166.915
Net assets
19.867.157
18283,889
The funds of the Charity
Unrestria¢d in¢om¢ fuThJ$
21
19.867.157
18283.889
19,867.157
18283.889
Approved by the Board of Trustees on 8th Juty 2024
d signed on its behalf by
.RevGMmy.Tn
The notes forni port of these financial ststeTnents
Page 12

The Johnson or Secular Clergy Association of the Archdiocese of BlrmlnghAIII
Con$olld*ted Stal¢ment of Cash Flows
for the Year Ended 31st Mareh 2024
2024
2023
Note
Cash IIows frorn operatln¥ actlvitk5
17.242
1387,269)
C*$h flow5 frorn InY¢stlng actlvltles
PuKha5e of fixed asset investments
Disposal of fixed ass¢1 inve5trnen
Dividends arKt interest received from investments
(2.143.994)
2,192.936
447.386
(2,023,980)
1,928,480
360,325
Net e•$h provld¢d byl(used In) Inves¢rneTrts
496.328
264,825
Ch*ng¢ In cosh ind eRsh equlvalents In the yur
513.570
(122,444)
Cash and cash equivalents at lhe beginnin8
of the year
986.454
1,108,898
C*sh and cash equlv*lents at the end
ofthe yur
1.500 024
The notes form part of these financial statements
Pa8e 13

The Johnson or Secular Clergy Amociation of the Archdiocese of Birmlngham
Jyotss to the Ststement of Cash Flow$
for the Ye*r Ended 31st MAreh 2024
I RECONCILIATION OF NET EXPENDITURE TO CASH GENERATED FROfvI OPERATIONS
2024
2023
Net eash In(low from operating actlvltleg
Net income
Inve51ment income
Decreasel(in¢rea5e) in prepayments and accrved income
Increas¢l(decrea5e) in accruals and deferred income
488.781
(443.487)
(37.878)
9.826
14.894
(341,759)
(65,050)
4.646
Net Cash provlded byl(uJed In) operatlng Aetlvltles
387 269
2 CASH AND CASH EQUIVALENTS
2024
2023
Included In the b8l•n¢e $h¢¢t 91 ¢*$h •¢ bAnk *nd In haThd:
Bank ¢urr¢n¢ a¢¢ounts
Investment cash accounts
1.149,863
337,650
980.694
1.487,513
980.694
Included In the bAlanee sheet as flxed asset Inve$tm¢nts:
Investment income accounts
12.511
5,760
1500,024
986 454
3 ANALYSIS OFCHANGES IN NET DEBT
Balance at
01.04.2023
Cath
flows
Balanc¢ al
31.03.2024
Bank current accounts
Investment cash accounts
Inv¢stsn¢nt in¢ome accounts
980.694
169,169
337,650
6.751
1,149.863
337.650
12,511
5,760
986,454
513,570
151M> 024
The notes ftirn) part of these financial statements
Pa8e 14

The Johnson or Secular Clergy Association ofthe Archdiocese of Birminehanb
Notes to the Finaoclal St8tements
ror th¢ Yur End¢d 31$t M4r¢h 2024
I STATUTORY INFORMATION
The Jthnson or Secular Clergy Associetiort of ihe Arehdiocese of B]￿in8harn is r¢gi5tered the Charity
Commission (Registralion Number 238681). The charity constitutes a public benefit entity as defined by FRS 102.
The presentation currency of the financial sthtemenLq 1$ the Pound Sterling (£).
2 ACCOUNTING POLICIES
BA915 of preparlng the Ilng4nelal statements
The financiAI st#tement5 hove be¢n prepared in ￿￿rdance with Accountin8 #nd Reporting by Chariiies.. Sthtement of
Recommended Prnetice applicable to eharities preparing their accounts in o¢¢ordanc¢ with the Financial Reportin8
Standard applicable in the UK 8nd Republi¢ of Ireland (FRS 102} {eff¢ctive 1st January 2019)- Charitie$ SORP (FRS
102). the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland (FRS 102) and th¢ Chariiies Act
2011.
Goln8 eODeern
The Trustees asses5 whether the of 80ing ¢on¢¢rn is appropriate i.e. wheiher ihere are any material uncertointles
r¢la¢ed io ¢vents or conditions that may cast Significant doubi on the ability of th¢ ¢h4rit4bl¢ company to continue as a
80in8 concern. Th¢ trustees have m￿C this assessment in respe¢1 of a period of one year from the date of approval of
the financial Statements and consider that no such ma(erial un¢¢rtointles exi5*
Intome
All incoming resour¢¢s are included in the Stat¢menl ofFinon¢5al A¢tivities (SOFA) when the ¢harity is le8ally eniitled
lo th¢ income after any perfonnance conditions have been mei. the amount con be measured reliably and it is probable
th￿ the income will be received.
Donation$ gre wo8nis¢d in the Statem¢nt of Finan¢i41 Activities when the charity h¢s been notified of the amount and
the settlem¢ni dale. If there are conditions attached io the donation and ihis require5 a level of perf0m￿nce before
entitlement can be ob¢ain¢d then income is deferred unlil those condition$ are fully rnet or the fuifilment of tho
¢ondilions is within the Control of the chariry and it is probable that they will be fulfllled.
No amount is in¢luded In the financial 3tat¢menls for volunieer time in line with the SORP (FRS 102).
Leg￿leS are re¢ognised in the Sialement of Financial Activities when the charity hes been notified of an irnpending
distribution or the le8acy has been re¢¢ived. Where the charity has been notified of a forthcoming le88cy, but the
amount timing of receipt 1$ noi known. it is not r¢co8nised in the Ststement of Financial Activities bui is included as
coniin8ent 0sge¢ and di%105ed in the notes io the tlnancial sthtements.
Investment income is earned through holding assets for invesffi)eni purposes and 1$ in¢lud¢d in the Ststemeni of
Financial Activities when the amount can be measured reliably. Inierest income 15 reco8nised using ihe effe¢tive interest
meihod and dividend income is recognised 85 th¢ charity's right io receive payment is established.
Interest on funds held on deposit is included when receivable and the omounl can be measured reliably by the charity.
this is nom)ally upon notification of the int¢resi paid or payable by the Bank.
Expendlture
All expenditure 1$ o¢¢ounied ftir on an accrual$ basis and has been classified under headings that aggregate all Costs
related to the category. Expenditure is reco8nised where there is a legal or constructive obligation lo make payments to
third partie5, it is probable the settlement will be requirtd and the amount of the obligation can be measured
Page 15

The jOh￿SOrt or Secul*r Clergy As$oti#tion ofthe Archdiocese of Blrmlngbam
Notes to the Flnanelal Stst¢menl$
for th¢ YeAr Ended 31st Marth 2024
2 ACCOUNTING POLICIES l¢othlIm￿¢d}
Expendlture (¢ontlnued)
Resour¢es expended have been 411o¢at¢d in the Stakrn¢nt of Financial Activities as ftillows:
Costs of raising funds- ftts paid to ￿ the chariiys investhieni managers.
Charitable activities
all expendiwre direcily and indirectly associaied wilh medlng the objectives of the charlty.
in¢ludin8 fin4n¢ial support provided.
Govemance costs- all expenditure r¢latin8 directly or indirectly ¢0 ihe 8eneral Tunning of the charity.
Granis payable io third parties Ire within the charitable objectives and are paid to provide financial support for a period
of lime. Grants are recognised in ¢he Stai¢ment of Financial Activities ev¢nly over the period to which they relate.
Support ¢OSts in¢lude all overheads of the charity. These have been allixated io costs of rnising fvnds. Charitable
activitie$ and governance c05t$ on 8 ba$1$ ￿nSistenI with ihe use of ihe resources.
Investments
Investments are a forni of basi¢ flnancial instrument and are initially reeo8nised at their transaction Value and
subsequently mwured at their fair value as ai the balan¢e sheet date using the closing quoted market price. The
tement of financiol activities includes the net Bains and losses arising on revalu81ion and disposals ihrou8houi the
The charity does noi acquire pui Options deriv81ive5 or other complex fEnan¢lal instruments.
The maln fomi of financial risk faced by the charity is th•¢ of volatility in equity markets and Investment market due io
wider e¢onomi¢ ¢onditions, the attiiyde of inve￿OrS io investment risk, and changes in sentiment con¢ernin8 equiiies
and within particular sectors or sub seciors.
All gains and 109$¢$ are taken to the Ststement of Finon¢ial A¢¢ivitle$ as they Brise. Reali$ed gains and losses on
investments are calculated as the difference between sales proceeds and iheir openin8 caryin8 value or their purchas¢
Value if ￿quired subsequent to the first day of the financial year.
Unrealised gains and 105se5 are calculated ¥ ihe difference between the fair valu¢ at ihe year end and their canyin8
value. Realised and unrealised investment gains and losse5 are combined in th¢ Statemeni of Financial A¢livitie5.
Investments are ststed at morket value as at the balance sheet date. The $tatern•nt of finan¢ial acilvliles include5 the net
gain$ and losses Arisin8 on the revaluation and disposals throughout the year.
Debtor5 *nd credltors
Debior$ and ¢redilors with no stated inierest rat¢ and r¢¢eivable or payable within one year are Rcorded ai iran5action
pric¢. Any los￿ arisirtg from impainnent ore recognised in expenditure.
Cash #t and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short matiwity of three months or
less frorn the date of acquisition or opening of the deposit or similor accotsnt.
Cash held within a portfolio of fixed asset investments is included &s part of fixed asset invesllnents where it is in¢end¢d
that this cash will be utilised for ongoing investment activities. Cash held within a portfolio of fixed asset invesknents
which is not intended (o be utilised for ongoing invesknent activllies is included as at bank and in hand.
Page 16

The John50n or Setutar Cleryy Asso¢i41xon of the Archdiocese of Blnnlttgh4m
Notes to the Financial Slatements
for the Year Ended 31st M*rth 2024
2 ACCOUNTING POLICIES (¢ontinued)
Liabilities and provlsions
Liabilities are recognised when there is an obligation at the Balart¢e sheet date as a result of a past evenL it is probabl¢
that a tr&nsfer of ¢¢onomi¢ benefit will be r4uired in settlement. and th¢ arnount of the settlement ¢an be estimated
reliably.
Provisions are measured at the best estimate of ihe amounts required to settle the obliwion. Where the effeci of the
time value of money is material, the provision is based on the present value of those amounr4 discounted at the pre-tsx
dis¢ouni ra* that refle¢is the risks specific to the liability. The unwinding of the discowii is re¢ognised in the Statement
of financial activities as a fin￿¢¢ cost.
FirtaneK81 in5trumeDts
The Charity only financial assets financiol liabilities of a kind that qtsalify &5 b￿1¢ financial irtS¢rum¢nts. Basic
financial instnlments are ini¢ially re¢ognised at trdnsaetion valye and subsequently me&sur¢d at their settlement value
with the exception of bank loans which are subsequently measured at arnortiJ¢d cost usingthe effe¢tive interest method.
Fund ac¢ounting
G¢n¢ral funds are unrestricted fund8 whi¢h are available for use * the di5¢retion of the Trustee5 in fvrtherance of the
general objectives of the Charity and which have not been designaied for other puoose5.
tksignated funds comprise unrestricted funds that have been set aside by th¢ Tru$iees for particular purpose&
Taxatlon
The ¢harity is a charity within the meaning of schedule 3 of the Charities Act 2011 and is ¢onsid¢red to poss the tests sei
out in Paragraph I Schedule 6 Finance A¢t 2010 and therefore it meets the definition of a ¢haritable company for UK
corN)ratioii tax purpDse5.
3 INCOME FROM DONATIONS AND LEGACIES
Unrestricted
Funds
Total
2024
Total
2023
Appeals- November colleciion
Parish levy
Donations
Legacies
39,905
46,800
12,009
476,609
39,905
46.800
12,009
476,609
41259
49,600
14,597
29.911
575.323
575,323
135.367
4 INCOME FROM INVESTMENTS
Unrestricted
Funds
Total
2024
Total
2023
Income from listed investments
Bank interest
442,019
1,468
442,019
1.468
338247
3.512
443,487
443.487
341.759
Poge 17

The Johnson or Se¢ul*rClergy AsSOCiAtioll of the Aremloeese of BlrnilDgh8m
Notes to the Fkn*nei*l St*temertts
for the Year Ended 31st M*reb 2024
S COSTS OF RAISING FUNDS
Unrestric
Funds
Totsl
2024
To￿1
2023
44.810
44.810
45.507
6 EXPENDITURE ON CHARITABLE AcfiviTIFS
2024
2023
SupNMt Unrestricted
FuThts
Grants Paid
Total
Total
Grdntsnaktn8
429,525
13,493
443,018
416.725
7 ALLOCATION OF SUPPORT COSTS
2023
Grantrnaking
Funds
Total
Totsl
Legal and proft&sionai ftts
Bank charges
Trustee meetin8 COSIS
Audit
Honarariums
Sundry expetLses
8J29
25J89
34.118
34,118
66
315
11,400
7.500
2295
4,570
.987.00
1.225
15.000
9.500
315
11,41N)
3,750
1,147
315
11.4(rf)
7.500
2295
3.750
1.148
13.493
42201
55.694
55.694
312
8 STAFF NUMBERS AND cosrs
The average number of employ¢¢s thwingthe year wd5 nil12023 - nil).
During the financial year. the following honorariums r4id:
UnvEStrithd
Funds
Total
2024
Total
2023
Rev P FitZpatr￿k
Rev J Gilbert
Rev D Doran
1,500
3.0(X)
1.500
3.000
3,0¢)0
4.250
5250
7.500
7.500
9.5
The Association is grnteful for the valuable supp)rt of volunteer worker5 engaged in various ful￿raiSIng activitie&
No Trus* received any rernunerntioty benefits or ex￿n￿ payirtnts durting the fin8n¢iai year (2023 - £nil).
Page 18

The Johnso# or Seelllar Cleryy Associltion of the Arnhdioeese of Rinnin¥ba
Not¥ to the FinaTrcMI S¢atemeTrts
for the Y￿r Ended 31s1 Mareh 2024
9 AUDITORS REMUNERATION
2024
2023
Ftts payable to the Charitys audiior for the audit ofthe financial sthtements
15.01)0
10 FIXED ASSET INVEsfMENrs
Cost or v#luatlo*
At 151 April 2023
Additions
Disposals
Revaluations
Movement in cash
17,116.974
2,143.994
{2.192,936)
1,094.487
6.738
At 3 1st March 2024
18.169.257
All the fixed &%set invesiments are in li*ed inVeSth￿ and held in the UK.
All Invesiments are carried at their fair value. Inve51rnert in equities and fixe41 interest securities are all tsHded in quo
publi¢ markets, Prin￿]Y the London Stoek Exchange. Holdings in common investment W unil In]sts and open-
ended investment companies are ￿ the bid price. The basis of fair value for quoied investsnents is equivalent io the
market val￿. using ihe bid pri¢e. Asset sales and ￿r￿&$eS ar¢ recognised at the d*e of trade at cost (that l5 Iheir
Irdnsaciion value).
The historical cost of investh)ents at 31# Marth 2024 Wds £1 l J18.067 (2023.. £11241.869).
I I DEBTORS: AMOUNTS FALLING DUE WITHI]Y ONE YEAR
2024
2023
PrepayTrents and accrued income
248.157
214,165
12 CASH AT BANK
2024
2023
Bank curreni ac¢ourtts
Investment cash accounts
1,149,863
337,650
980.694
1.487.513
980,694
Pa8e 19

The Johnson or Seeular Clergy Assoeigtion of tbe Arehdioeese of Birmingbam
Notes to the FlnanelAI Ststements
for the Year Ended 31st March 2024
13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals for g￿nts payable
her a¢£n￿lS and deferred income
15,084
22,686
1,349
26,595
27.944
14 CONTINGENT ASSETS
The charity has been made aware of a number of le8acie$ that it is likely to receive. The arnouni and liming of these
receipts is uncertain but they are prudently estimated to amount to £3¢J).IKIO.
15 TAXATION
No taxalion is payable for the current or previous financial year a5 all surpluses arise from activities fvrthering the
¢haritable obje¢ts of the ¢harity and are utilised for charitable purposes, th¢r¢for¢ leading to exempiion from taxation.
16 UNRESTRICTED INCOME FUNDS
2024
2023
Balance at start of year
Nei income for th¢ year
Net gainsl(10sses) on investments in year
18283,889
488,781
1.094.487
19247288
14.894
(978293)
Balance at end of year
19.867,157
18,283,889
17 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS
2024
Unre$tri¢ted
Funds
2023
Total
Funds
Total
fijnds
Fixed asset investments
Curreni *S5ets
Creditors du¢ wthin one year
18.169,257
1.735,670
(37,770)
18,169,257
1.735,670
(37,770)
17.116.974
1,194,859
(27.944)
19.867,157
19.867,157
18283.889
18 RELATED PARTY TRANSACTIONS
The Charity has not entered into any related party transaction during the y¢ar. nor are there arty outstanding balances
owing between ￿lated parties and the Charity ai 31 st Ma￿h 2024.
Pa8e 20