REGISTERED CHARITY NUMBER: 272566 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR CHURCH LAIYDS ALYD JOHN JOHNSOP4'S ESTATE CHARITIES CIIURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES CONTENTS OF THE FINANCIAL STATEMELYrs FOR THE YEAR EL44DED 31 DECEMBER 2023 Page Report of tbe Trustees Independent Examiner'5 Report Statement of Financial Activities Balance Sheet Notes to the Fillancial Statements 8 to 15 CHURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019). OWECTIVES AND ACTIVITIES Objeetii'es and aims The objectii'e of the charity is to maintain endowment funds to generate incotne for distribution to related ¢haritabl¢ organisations of St. Laur¢n¢¢ Ec¢l¢siasti¢al Charities and St. Laur¢n¢¢ R¢li¢f In N¢¢d Trust. Incotne is distributed on a non-discretionary basis in accordance with the deed of trust. The trustccs havc rcfcrrcd to guidanc¢ set out by th¢ Charity Cotnmissioncr's and arc satisfied that thc charitable objectives of the charity and ils related charities satisfy criteria for public benefit. ACHIEVEMENT AND PERFORMANCE Charitable activitils Diiring the year the charity made distributions to related charitable organisations in accordance with its ¢onslilution, as follo￿8.. 2023 2022 St. Laurence Ecclesiastical Charities Si. Lauren¢¢ Relief In Need Trust 77,180 63,485 81,145 64.152 140,665 145.297 Investment perfornianee Th¢ ¢nd0￿'mcnt fund fixcd assets cotnpris¢ frcchold investillcnt propcrties and list¢d inv¢sttn¢nts. Th¢ investment properties were fully let during the year at market rentsl iwalues. The return on listed investments was in lin¢ with cxpccthtion for thc ini'¢stm¢nt strafrgy and risk profilc of th¢ Lharity. FINANCL4L REVIEW Investment policy and objectives There are no reslriclions on ih¢ Irust¢¢s' power to invest the ass¢ts of the ¢liarity. Listed investments are low risk and held mainly in tnanaged investtllent funds with a bias towards providing incoine. The investment properties are subj¢¢t lo full tenant repairing leases and held on a long tem) basis for rental yield. Principal funding sources and reserves policy The principal funding sour¢¢s a￿ non-distributabl¢ ¢ndowm¢nt funds h¢ld to s¢¢ur¢ the long t¢mi funding of the charitable objectives. All investment income less management and capital repair costs are distributed to related charities on an annual basis. Capital repair costs to freehold property incurred for the Plirpose of securing good market rental value may bc recovered from th¢ gcncral rcs¢rvc ovcr th¢ duration of thc rclci'aiit Icaschold tcnancy a¥recmcnt. This policy preserves the investment pool tor the long term legacy and benefit of the combined charities. Page I CHURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND LIIANAGEMENT Governing document and trusteeship Th¢ Chiirch Lands and J()hn Johnson's Estate Charities is an unin¢orporat¢d charity and ¢ontroll¢d by ils governing document, a deed of trust dated l January 1942. The charity is under cotnmon trusteeship with two related charitsble organisations of St. Laurence E¢¢l¢siastical Charities (charity no. 203336) and St. Laurence Relief in Need Truqt (charity no. 205043). Recruitment9 appointment and induction of new trustee5 Trustees are carefully selected for their knowledge and experience of charitable organisations. New tnlstees are elected at the Annual General Meeting. Newly appointed trustees are inducted to the work of the charity by the chairman and provided with all infomiation required to fulfil their role as trustees in accordance with the dccd of trust and the Charities Act 201 l. A trustee tllay retire voluntarily. Organisational structure The Chaimian, Rew C R Jones, has overall respoiisibililv for the Charity and is assisted in this role by the Clerk. The Treasurer is responsible tor the financial manageinent of the charity. The charity engages a firm of ¢hartered surveyors to nianage property investments, stockbrokers to manage listed inveslineiits and lawyers to advise on legal matters. Trustee n)eetings Trustee meetings are held twice a year, one of which is the Annual General Meeting. Risk management The trustees acknoTh'ledge their responsibilit), to identify and review the risks to which the charity is exposed and to ensure appropriat¢ ¢ontrols are in place to proN'id¢ r¢asonabl¢ assuran¢¢ againsl fraud and error. REFEREIYCE AND ADMILYISTRATIVE DETAILS Registered Charity number 272566 Principal address Vicloria House 26 Queen Victoria Street Reading Berkshire RGI ITG Trustees Mrs P Thonias Mrs R P Williams Mr N C Burrow's Mrs R E Pearse Rev C R Jones (Chaimian) DrN A Brown (resigned 2.8.23) Mr L R Smith Page 2 CIIURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Graeine Hobbs FCCA Hobbs Granger Roitt LLP 8g Millars Brook Molly Millars Lane Wokingham Berkshir¢ RG412AD Chairman Rei. C R Jones Treasurer J Pyke FCA Clerk W Sanders Bankers The Royal Bank of Scotland plc Liverpool CSC Stephenson Way Wavertree Liverpool L13 IHE Ins'estment Managers Rcdtnaync-Bciitlcy LLP Market Place House 43 Market Place Henley-on-Thames RG9 2AA Solicitors Blaiidy & Blandy l Friar Street Readiiig Berkshire RGI IDA Chartered Surveyors Simmon8 & Sons 12 Wote Street Basingstoke Haiiipshirc RG217NW Page 3 CHURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Approved by order of the board of trustees on . 0510912024 and sigried on its behalf by-. Rev C R Jones - Trustee Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH LANDS AND JOHN JOHNSON'S ESTATE CHARITIES Independent examiner's report to the trustees of Church Lands and John Johnson's F.state Charities I report to the charity trustees on my exaniination of the accoiints of Church Lands and John Johnson's Estate Charities (the Trust) for the year ended 31 Deceniber •023. Responsibilities and basis of report As th¢ charity trustees of the Trust you are responsible for the preparation of the accounts in a¢cordanc¢ wilh the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in ¢arrying out my examination I have followed all appli¢able Directions given by the Charit}, Commission under Section 145(5)(b) of the Act. Independent examiner's Statement I hai'e completed my exaii)ination. I confirm that no Iiiaterial tnatters haN'e cotlle to tny attention in connection with the examination giving me cause to beliei'e that in any material respect.. accounting records were noi kept in respect of the Trust as required by Section 130 of the Act; or th¢ accouiit5 do not accord with those records: or the accounts do not comply with the applicable requirements concerning the fomi and content of accounts sct out in thc Charitics (Accounts and Reports) Regulations 2008 othcr than any rcquir¢mcnt that the accolints give a true and fair view which is not a matter considered as part of an independent cxamination. I haiwe no conccrn5 and hav¢ cotn¢ across no othcr tllattcrs in connection with the cxamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rcachcd. Ilobb Graeme Hobbs FCCA Hobbs Granger Roitt LLP 8g Millars Brook Molly Millars Lane Wokingham Bcrkshire RG412AD Date.. 0910912024 Page S CHURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES STATENIENT OF FINAP4CIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 Total fullds 31.12.22 Total funds Unrestricted Endowiiient fund fund Notes INCOME AND ENDOWMENTS FROM Investment income 174,905 174,905 161,5?9 EXPENDITURE ON Raising funds 26,715 26,715 8,854 Charitable activities Rcli¢f in Nccd Ecclesiastical 66081 81J(K9 661181 81 J(P) 67,385 85,290 Total 174,905 174,905 161,529 Nct gains1(Iosscs) on invcstmcnts 19,174 19,174 (65,829) NET INCOMEI(EXPENDrruRE) 19,174 19,174 (65,829) RECONCILIATION OF FUNDS Total funds brought forward 2,607￿34 2,607￿34 2,673,363 TOTAL FUNDS CARRIED FORWARD 2,626,708 2,626,708 2,607,534 The notcs fortn part of these financial statements Pagc 6 CHURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES BALANCE SHEET 31 DECEMBER 2023 31.12.23 Total fullds 31.12.22 Total funds Unrestricted Endowiiient fund fund Notes FIXED ASSETS Investments In￿eStme111$ InN'¢stm¢nt property 836277 1,810,1)02 836,277 1,810,002 802.434 1,810,002 2,646279 2,646279 2,612,436 CURRENT ASSETS Debtc)rs Cash al bank 10 16,740 24,793 16,740 24,793 14,577 157,023 41533 41533 171,600 CREDITORS Atllounts falling due within one ycar (61,104) (61,104) (176,50• NET CURRENT ASSETS (19￿71) (19571) {4,902) TOTAL ASSETS LESS CURRENT LIABILITIES 2,626,708 2,626,708 2,607,534 NET ASSETS 2,626,708 2,626,708 2,607,534 12 Endowment funds 2,626,708 2,607,534 TOTAL FUNDS 2,626,708 2,607,534 The financial statements ivere approved by the Board of Trustees and authorised for issue on 0510912024 . and were signed on its behalf by.. Rev C R Jones - Trustee The notcs fortn part of these financial statements Pagc 7 CIIURCH L4NDS AND JOHN .JOHNSON'S ESTATE CHARITIES OTES TO THE FILYATrICIAL STATEMELYTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATUTORY INFORMATION The Church Lands and John Johnson's Estate c.harities is registered with The Charity Commission (registration number 272566). The principal address is Victoria House, 26 Qii¢en Victoria Sir¢el, Reading. Berkshire. The charity operates in Reading, Berkshire. ACCOUNTING POLICIES Basis of preparing the financial statements The financial siAtements of the charity, i¥hich is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 102) 'Accouiiting and Reporting by Charities.. Statement of Recoinmended Practice applicable to charities preparing their accounts in accordance with the Financial Rcportiiig Standard applicable in the UK and Republic of Ireland (FRS 102) (etyectii'e l January ?019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are includ¢d at markct value, as modified by the revaluation of ccrtain ass¢ts. Incoming resources All incoming resources are included on the Stateiiient of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggr¢gal¢ all cost relared lo the ¢ategory. Where costs cannot b¢ directly altribuied lo particular headings they have been allocated to activities on a basis consistent with the use of resources. Cost of generating funds compriKs th05C Costs dircctly attributsble to tnanaging thc invcsttllcnt portfolio. raising investment income and collecting rental income. Ch