FELLOWSHIP OF A550CIATION FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 A Company Llmited by Guarantee Registered Company number 01830397 Re8lStered Charlty number 289862 CONTENTS Pa8e Trustees report Independent auditorfs report ststement of flnonclal activitie5 io 8alante sheet li Not•$ to the accounts 12-20 FELLOWSHIP OF ST JOHN (UK) TRusf ASSOCIATION LEGAL AND ADMINisfRATIVE INFORMATION Trustees Revd. A Malcolm Revd. C. Card-Aeyndds Revd. S. Anderson Baroness A. Harris Revd. Canon J. Chambers Revd. G. Naylor Revd. Andrew Crosbie Almlttlstr•thn Suppwt LIDdert Sheffield Charlty numb•r 289862 Company numb•r 01830397 M•lllng Addre 348 Hu8henden Garden5 Vbllage. Hu8henden eoule¥ard. Hl8h Wycombe HP13 5GH t•red Ollk* 6W Leadenhall Street. LorKlon EC3A 2AD AudltoTJ Knox Cropper LLP Chartertd Accountants 6>68 Leadenhall Street, LorKl¢)n EC3A 2AD Bankers RelSance Bank Ltd Falth House, 2>24 Lovat Lane. London EC3R 8EB Solldtors HMG Law LLP 126 High Street. Oxford. OX 4L Wedlake Bell 52 Bedford Row. London, WCIR 4LR. Investment Manalèrs Investec Weafth & Investment 30 Gresham Street. London EC2V 7QP Rathbone Investment ManagemenL Finsbury Circu5. London EC2M 7AZ FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees present their report and accounts for the year ended 31 December 2020 whlch are also p￿Pared to meet the requirements for a dlrectors, report and accounis for Companies Art purposes. The accounts have been prepared in accordance wlth the accounting policies set out in note I to the attounts and comply with the company's rnemorandum and articles of associatlon, the Charities Act 2011, the Companles Act 2006 and Accounting and Reporting by Charitles.. Statement of Recommended Practice applleable to charities preparing their accoursts in accordance with the Financial Reporting Standard applicable Sn the UK and Republlc of Ireland IFRS 102 second edition). STRUCTURE. GOVERNANCE AND MANAGEMENT The company Is reglstered as a charltable company Ilmited by guarantee. The company Ss constituted under its Memorandum and Artlcles and is a reglstered charlty number 289862. The trustees are also the dlrectors for the purposes of company law. The company Is the Trustee ol The Society of St John the Evangellst, The Salnt fjeorge's Trust and of The Slsterhood of the Holy Chlldhood (all regSstered charltlesl. A5 each of these charitles is Separately constlluted, con5011dated attounts are not produced. New trustees are appolnted by the company members at the AGM and Serve untll the next AGM, at whlcli tlme they put themselves forward for re.electSon. The trust deed provldes for a mlnlmum of three trustees to a maximum of seven trustees. The Trust does not artlvely seek new funds or engage in fvnd raisln& but has been supported by a wlde membership of lay and ordalned people In the 'Fellowshlp of St john" These members work for the aims ol the charlty through prayer, actSve support of the work and fellowship. The 8oard of Trustees meets at least quarterly. The truslees agree the broad 5trate8y and areas of actlvlty of the Trust. Includlng consideration of grants, investments, rlsk management and performance. The day to dav administration of 8rants anil the proeessing and handlln8 of appllcatlons prlor to conslderatlon by the trustees Is In the hand5 of the Admlnlstratlon Officer. The trustees have a procedures manual, which formallses controls over procedure5, includin8 grants, payment authorisatlon and investments. Also Included Sn the manual are lob de5crlption5 for trustees, trustee cc*de of conduct, conlllct of interest pollcy and a pollcy for trustee èxpenses. On appolntment, new trustee5 slgn the trustee declaration, commlttlng them to glvlng of thelr time and expertise. An Induction programrne for new trustees includes an initial meetin8 wlth the Chalr to dlscuss Issues ol relevance to the Trust, the history of the charlty and Its charltable purposès. inve5tment5, the grant rnaklng proce55 and the roles and responsibilltles of the board. New trustees are glven a copy of recent board minutes, copy of the most recent accounts. a copy of the 8ovemln8 trust deed and cople5 of the Charity Commission's guidance,'The Essential Trustee.. What You Need To Know" and "The Hallrnarks of an Effective Charitv" All trustèes give of thelr tlme freely and no remuneratlon was pald to trustees In the year. Trustees are requlred to dlsclose 911 relevant Interest5 at each board meetin8 and, In accordance wlth the trust's policy, wlthdraw from decision5 where a conflitt of inteTe5t arise5. The charrty's trustees have referred to the 8uidance In the Charity Commi5slon's 8eneral gu¢dance on Publlc Benefit when reviewlng the charity's alms and objettives and in planning its future actlvitie5. In particular. they have considewed how planned artlvities wlll contribute to the alm5 and oblertives they have set. oBJE￿IVEs AND ACTIVITIES The Trust is engaged in mlssionary and educational works for the advancement of the Kingdom of Chrlst, a5 stated in the company's Memorandum and Artlcles of Association, its governing document. The Trust a(Jmlnlsters a group of charities a$50Cièted with the Anglican Religious Order of the Society of St John the Evangellst. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Our mission statement, vlslon and obiecti¥e5 have been r￿ntlY developed and seek to define us as a body nd the nature of our mission to enable us to be'frt for purpose. in the 21 Century. F5J Mlsslon Statement rving G¢Jd... Servinq Others... Tron5fomilnq11 Ml$4on Vlslorb Build up the bodyof Chnstby reswidinq to the needs ofothe Mlsslon Objerthns Hove 605pel volues at its IR0rtundeX￿ to promote them Develop mission Reoch out ro people across the world to transform lives Equlp ondenuble others to develop thelrown ond Othe￿ disdpleshlp In addltlon we belleve we should not exclude our SSJE herrtaBe from what we do. We are a Christlan charlty; we have specific aims and objectives and more Important￿ have a unlque and distlnct eth05 and Identlty, that 8uldes. supports and nourlshes us In wthat we do. In committing to our identity. mlsslon statement, Vision and objectfves, we contlnue exploring the area5 of work in which we are involved in order for what we do to be relevanL Impattive, transforming and transparent. FSJ Mlsslon Ministrlès are being pioneered and developed in places where the Fellowshlp of St John has present connection. The Trustees have extensive practical Mission experlence as well a5 many contsct5 in the Mlsslon fleld and this venture will only serve to enhan￿ the effectiveness of the TTUSt, whllst plnpolntln8 the most critical areas for Mlsslon support. By example, we are acutety aware that par￿￿131 dergy often 'firefi8hY, wlth too ltttle time and resources to develop a proper ministry of depth and insight. With thls In mlnd we support projects In parishes across the ountry providing much needed fundlng to enable growth in mission at the very heart of parlsh ministry. One of our goa15 IS to support and encourage new mlnistrie5, we have built up useful partnershlps wlth SLsch as The Company of Mlssion Priests. Additional Curates Soclety and St. Stephen's House. The Trust Is gulded and Insplred by the many ger*erations of sefvice of the monks of SSJE, who worked throu8hout the UK. Afrlca, Indla. the Amerlcas and Japan. The Fellowship Ministrles In parrlcular, deliver and develop the splrlt of se￿Ice 35 exemplified by the monks- supporbng the Church In our time to respond to the call of mi55ion by incamation and local Initiatives. The Trurt furthers it5 oblects by making 8rants to both domestlc and forei8n agencie5 engaged in educatlonal and mlsslonary work. The Trurt In particular, awards the Bemard Mlzeki grant which funds ministry given by the laty. Bemard Mizeki was a lay catechist of SSJE who worked in southem Africa and dled a martyr In 18%. The Father Ben50n stholarship is awarded to semlnarians at St Stephen's House, Oxford who are en8aged In higher theolc8ical studv- ACHIEVEMENTSAND PERFORMANCE The Trust makes 8r3nts to other charities wrth slmilar alms as well as to Individy•ls who are in sympathy with the Christlan ethos of the Trust. The poliry is to encourage educational and mi55ion work, through the provision of buFldings. infrastructure Iwater and electriatyl and sometimes to contribute to staffing costs. Some prowslon of healthcare is also undertaken. During the coursè of the current year, grants totaling E283.770 were awarded lin comparison to É284,856 last year) to varlous organisatlons. FIP4ANCIAL REVIEW The result for the year is disclosed in the Statement of Financial Acbwties on page 10. This indlcates a net decrease in fund5 of £7.05112019: an [r￿reaSe of £1.037.1991. FELLOWSHIP OF ST JOHN (UK) TRusf ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 poll¢y The purpose of the Association's reserves policy is to ensure that it Is able to meet Its obligations and finan its planned future activitie5. The level of free reserve5 (unrestricted income funds net of funds represented bv tangible fixed assetsl is reviewed annually by the Tn￿tee$. At 31 December 2020 free reserves amounted to £9.038,9(K). RlslK mana￿rnent The Tnjst has developed a rlsk management process whlch allows the identfficatlon, assesgment and management of significant rlsks. which may impact on thè aChi￿ement of their objeCt￿es. The process is supported by a Ti5k mana8ement pdiry. which outlines the roles and respon5ibillties of tnjstees and staff and follows Charity Commi55ion guidelines. The board reviews the risk register and risk management arrangement5 at each meetbng. Rlsks are Pflorit15e(l using an agreed matrix. Major risks, whlch are subject to monltorlng and review, reflect i55Uts around operatlonal, finanual. legal and regulatory risks. Current areas of focus are ensurin8 Investment returns are appropriate. The Finance Committee revlews the investments quarterly and re8ularly meets wlth the investment managers. The trustees have assessed the major Tlsks to which the company Is exposed and they are confident that Wng forward. exp051Jre to major r15k5 wlll be mltl8at¢d. R•vlew of In¥•stm¢nt Actl The Trustees agreed In 2016. to change the performance oblectives of the Investment managers from produ¢ing totsl retums that achieved RPI +4% over the long term to achlevin8 2% over a composite index of world Markets weighted by the a8reed asset allocations in the portfollo. Thls new Performan￿ objective, set for both managers, across all elements of the portfolios, more directly measures the value to be added bv discretlonary portfolio mana8ement over and above the comparator of p355ive index tracklng funds. The Trustees wish to Seè a justift¢atSon for the Investment fee5 belng pald. Desplte the impart of the COVID - 19 pandemic, the final Index results for 2020 made reasonable reading. Global stocks suffered from one of the sharpest declines in history In March 2020 but have slnce recovered and In some cases have reached new hl8hs SIn￿ then. Large govemment Stimulus measures, Increased certalnty around the US election and Brexrt and the promlse of vacclnes encouraged investor5 to tum more positlve. Overseas equity markets were stron& with the FTSE IWI World ex UK rising 14.3%. However, the UK performed less well, wlth the FfsE All Share index fallin89-8%. UK government debt was stron& returnlng 8.3%, wlth corporate bonds produclng slmilar returns of 8.6%. Investet portfolio.. The portfolio produced a total return of 2.3% over the year compared to the benchmark return of -.l%. In a volalile year for markets, the p(xrfollo avolded many of the areas that were negatlvely Impacted by thè COVID pandemic and benefrtted from an Increased allocation to overseas equitles, which $18nSficantly outperforrned that of the UK equtty rnarket. Stock and fund selertion was reasonably stron8 in most asset classes. extept in fixed interest where Investec underperfomied the UK government bond index, 8lven the preference for shorter dated corporate debt. Rathbones portfolio.. The pooler portfolio, invested in Rathbone Core Investment Fund for Charities, rose 7.5%, while the dlrectly invested portfolio returned 8.7%. Thbs compares with the comtb051te index benchmark (the same for both portfolios), which returnertin8 parish mi5slons and the relig￿￿$ Itfe. The tharity does not glve 8rant5 for work5 of restoration but can help towards refurbishing and renewing church buildings so that they are better suited for Christian seNlce. Grant applications are invited and cO￿dered on their merit if they meet the criteria. They are then approved by all the trustees. GRANTS AWARDED The Trust is now prlncipally J Brant makin8 charity and has adopted Internal procedures for the evaluatlon of 8rant appllcatlons and for monltorlng 8rant usage. l)etails of grants are 8iNw In note 5. ADMIRAL CAMPBELL'S MEDALS A number of medals, Including the VC and DSO, awarded to Adrniral Gordon Campbell In the first world war, were subsequently ownèd by his son Fr David Campbèll and lent to Dulwith College. his fatherfs old school. Fr David Campbell. had be¢orne a monk of the Society of St john the Evangelist ISSJEI and the medals were glfted to SSJE when he took lift vows. In November 2017, the medals were sold at aurtion for £7C￿,0￿ and this sum was pald to FSJ on behalf of SSJE. A legal clalm was made by a distant relative, to the whole £700.OCQ received from the •yttlon of the medals.. As 4 result of mediation. the trustees sought and received le8al advice to settle out of court. As a consequence. £150,rMI was paid to the relatlve In January 2021, in full and flnal settlement of the clalm. to which was attached a confidentiality dause.. PLANS FOR ThE FUTURE The Trustees see that It Is necessary that the Brant making 15 balarted wr(h approprlate and rellable reportln8. In the UK thls can mostty be done throu8h wdtten and illustrated reports from grant reciplents but overseas projects require greater 5crutlny as Independently audlted accounts èrt rarely Jv•ilable. To manage thls the Trustees have restricted grant makin8 overseas to those a￿3 where the SSJE wor*ed in the past and thus where there 15 some network to whlch we can as5(Kiate (Southern Africa, India and the West Indies). Mabntalning and developin8 a rellable network of contscts is Mtsl. to ensure the best outcome for a Brant aided project. The Trust has In re￿nt years re*llabllshed a Bood and working connertlon In southern Afrlca and th¢ Diocese of the Windward Islands in the West Indie5. Our future task is to define where In Indla we can start to work and re•establish those links. Work has been done on this but has ruled out or Caused concern about where we had been worklng- thi5 has been ne8atNe though necewry and helpfvl to us. The Trust Is not On￿ a grant makin8 body but followfjng the pattern of the SSJE also dellvers mlsslon and ministry. This work has started especially in the UK. in the DI0￿$e of the Windward Islands and in South Africa and In the future we wlll work on developing thls further. Our re*stablishèd links with the SSJE community In the USA is and will continue to be a valuable source of dlrertion and personnel for thls work. One Df the Trustees has the brief speclfically of devplopment along-side SSJE US The Trustees have deliberately been chosen as representing different dlocese in the Church of En8land so that as we develop our work we have a reElonal reath. Th15 Is a valuable way of generatlng new application5 and sustsinin8 links with owoing projerts. To summarise. as a Trust we intend to continue to= re8ularly address OUT strategy and use our Misslon Stat•rngnt. Vislon and Objecti￿$ to check how we operate and perforn); continue to develop what an FSJ Mi5$1on and F5J Ministry should look like,. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 focu5 specificalty on our work in thè UL- Africa: India and The Windward Islands.. ¢ontinue to develop and deepen our Ilnk and work wlth SSJE IUSAI. develop partnerships in and btheen our areas of operation: focus on a smaller number of areas of work and projects lookin8 to build our rtlatK)nship wlth them over a period of tlme,. and explore ways to facilltate best practice in mlsslon development by 'skillinty people to devèlop theSr own and others projects. DISCLOSURE OF INFORMATION TO AUDITORS Each of the directors has confirmed that there is no infomiation of whlch they are aware %￿iCh Is relevant to the audit. but of which the audrtor is unaware. They have further confirmed that they have tsken approprkte steps to identlfy such relevant informatlon and to establish that the auditors are aware of such informatlors. AUDITORS A resolution proposing that Knox Cropper LLP be reappolnted as Judltors of the company will be put to the members. Thls report has been prepared in a¢￿dan￿ wlth the small companle< reglme wlthln Part 15 of the Compan5es Act 2006. STATEMENT OF TRusfEES' RESPONSIBIUTIES The tn15tee5, who are a150 the dirertors of Fellowship of St John IUKI T￿st Assoclatlon for the purpose of company law, are responsible for preparln8 the Trustees. Report and the accounts in accordance wlth applkable law and Unlted KiA8dom Accounting Standards Ivnlted Kingdom Generally Accepted Accounting Praalcel, Includln8 Flnancial Reportin8 stsndard 102 Yhe Flnancial Reportlng Standard applicable in the UK and Republlc of Ireland-. Company law requires the trustee5 to Prepare a¢counts for eath finandal year whlth glve a true and falr vlew of thts state of affairs of the charltable company and of the Incoming resources and application of resources. includin8 the income and expenditure. of the charitable company for that year. Under Company Law the Trustees must not approve the financial statements unless they are satlsfied that they glve a true and falr vlew of the state of affalrs of the company and of the profit or loss of the company for that perlod. In preparln8 thèse accounts. the trustee5 a￿ requlred to.. select suitsble accountln8 pollcles and then appFy them consistentty; obseThe the methods and principles In the Charltles 50RP' make judgements and estimates that are reasonable and prudenL' state whether applicable UK accounting standard5 have been followed, subjert to any materlal departures di5close(l and exploined in the finandal statements,. and prepare the accounts on the £oinB concern basi5 unless ¢t is inappropriate to pTrsume that the company wlll continue in operation. The trystees are responsible for keeping adequ*e accounting records that dlsclose with reasonable accurac¥ at any time the finanual posttion of the company and enable them to ensure that the accounts comply with the Companles Act 2006. They are also respon$4ble for safeguarding the assets of the company and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. The report has been prepared In accordan￿ with the special provisions of Part 15 of the Companies Art 20C6 relating to small companies. On behalf of the board of trvstees Re¥d. C. Card-Reywld5 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION INDEPENDENT AUDITOWS REPORT TO THE MEMBERS OF FELLOWSHIP OF STJOHN IUK) TRUST ASSOCIATION FOR THE YEAR ENDED 31 DECEMBER 2020 Oplnk)n We have audf(ed the financlal statements of the Fellowship of St John Ithe 'tharitable companll for the year ended 310ecernbèr 2020 which compdse the 5ratement of financial actlvities, the balance sheet and note5 to the financlal statements, including a summary of slgnlflcant accountyng policies. The financial reportin8 framework that has been applled In thetr preparation is applicable law and United KinBdom Accounting Standards. including Financial Reporting Standard 102 The Finonciol Reportinq Stuftthyrd opplicoble in the UK ttnd Republlc of Ireland Iunlted knngdom Generalty Accepted Accwnting Prarticel. In OUT oplnion. the flnancial statements.. glve a true and falr view of the stste of the charftable companvs affalrs as at 31 De¢ember 2020 and of its incoming resources and appllcation of resources for the year then ended,. have been propedy prepared in accordance wlth Unlted Kln8dom Gefteral￿ Accepted Account5n8 Practlce- and have been prepared In accordan￿ with the requlrements of the Companles Act 2LXJ6. Bas15 for oplryl We conducted our audlt In accordan¢e wbth Intematlonal Standards on Auditln8 IUKI IISAS IUKII and applicable law. Our responslbllltles under those standards are further descrfbed In the Auditorfs respon5ibillties for the audlt of the financial statements section of our report. We are independent of the tharitsble company In accordance wfth the ethical requlrements that are relevant to our audit of the flnanclal statements in the UK, Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlth these requlrement5. We believe that the audit evidence we have obtained Is sufficient and appropriate to prowde a basls for our oplnlon. Conclu￿0￿$ rel•11￿ to plns conorn In audltlng the financlal statements, we have conduded that the trustees. use of tht going concern basls of accounting In the preparatlon of the financial statements Is approprlate. Based on the work we have performed. we have not identified any materfjal uncertalntles relatlng to events or condltions that. indivtdualw or collectrvely, may cast significant doubt on the tharltable company's abllity to contlnue as a 80ing concern for a period of at lèast •￿e1Ve months from when the flnancial statements are authorlsed for Issue. Our responsibilities and thÈ resp¢)nsibilitles of thè trustees w¥th respert to going concern are descrlbed In the relevant sections of this report. Other Informatlon The other information comprises the information induded in the annual rew)rt. other than the financial statements and our auditorfs report therÈon. The trustees are responsible for the other informatlon. Our opinion on the financial statements does not eover the other Inform3tw)n and. except to the extent otherwise expllcltly stated In our rep￿￿ we do not express arly form of assurance ¢ondusion thereon. In Connection with our audlt of the financial statements. our responsibilrty is to read the other information and, in dotng so, consider whether the other inforrnation Is materially Inconsistent with the financial Statements or ovr knowledge obtained in the audit or otherwise appears to be materlally misstated. If we identify such material inconslstencies or apparent material misstatemellts. we are requI￿d to determine whether there Is a material mi55tatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed. we condude that there 15 a material mi55taternent of this Other informatlon, we are required to report that Pact. We have n(rthlng to report in this resard. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF FELLOWSHIP OF STJOHN {UK) TRUST ASSOCIATION FOR THE YEAR ENDED 31 DECEMBER 2020 Oplnlons on other matters prescrlbed by thè CompanFes Act 2006 In our oplnion, based on the work undertaken In the course of the audlt.. the information glven In the trustees, report, which includes the dirertors, report prepared forthe purposes of company law, for the flnanaal year for which the flnancial statements are prepared is consistent with the flnanclal statement5,' and the directors, report incltjded wlthin the trtsstees, report has been prepared in accordance wlth applicable le8al requSrements. Matters on whl¢h we are requlred to report by ex¢eptlon In the light of the knowledge and understandin8 of the chafftable company and Its envlronment obtalned In the ¢ourse of the audlt, we have not identlfied materlal mlsstatements In the directors, report Included wlthin the tru5tees' report. We have nothlny to report In respect of the followin8 matters In relation to whlch the Companles Act 2(106 requlres us to report to you If, in our oprnion.. adequate attounting records have not been kept. or returns adequate for our audit have not been recelved from branches not visited by us,. ol the flnanclal statements are not In agreement ￿th the accountSng records and return5,' or certaln dlsclosures of trustees, remuneratlon specifled by law are not made,. or we have not recelved all the Informatlon and explanatlons we requlre for our audlt; or the trustees were not entitled to prepare the flnanclal statements in accordance wlth the Small companle5 regime and lake advantage of the small companies, exemptlons In preparln8 the tnjstees. report and from the requlrement to prepare a strate8lc report. Respon51bllltles oltrustees As explalned more fully In the trusteÈ5' responslblllties statement, the trustees (who are also the dlrectors of the charltable company for the purposes of company lawl are respon51ble for the preparatlon of the flnanclal statements and for being satisfied that they 8ive a true and fair vlew, and for 5ych Internal control as the trusteès determine Is necessary to enable the preparatlon of flnancl?I statement5 that are free from materlal mlsstaternent, whether due to fraud or error. In preparln8 the financial statements, the trustees are responslble for assessln8 the companvs ablI￿V to contlnue as a 8oln8 concern, disclosln8, as appllcable, matters related to golng concem and using the golng concern basls of accounting unless the trustees either intend to liquidate the company or to cease operation5, or have no reallstl¢ alternatlve but to do so. Audltoe$ re$F￿nSIbIlItIeS tor th• audFt ot the flnancl•l Statements Our objectlves are to obtaln reasonable assurance about whether the finandal statements as a whole are free frorn materlal mlsstatement. whether due to fraud or error, and to issue an audltorfs report that Include5 our opinlon. Reasonable assurance is a hS8h level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will alway5 detect a material mls5tatement when h exists. Misstatements can arise from fraud or error and are considered materlal if. individually or In the aggregate, they could reasonably be experted to influence the economic decisions of user5 taken on the basis of these financlal statements. Irregularities, includtn8 fraud, are Instances of non-complian￿ wfch law5 and regulations. We design procedures in line with our respon5ibilitie5. Outlined atrrt)ve, to detect material misstatements in respett of irregularities. includlng fraud. The extent to which our procedures are Capable of detectinB irregularities, includtng fraud is detailed below.. The Charitable Company is required to ¢omply with both company law and charity law and, based ot) our knowledge of Sts activities. we identified that the legal requirement to accuratety account for restricted funds was of key slgnificance. FELLOWSHIP OF STJOHN (UK) TrUST ASSOCIATION INDEPENDENf AUDrrows REPORT TO THE MEMBER5 OF FELLOWSHIP OF sfJoHN (UKI TRUST AssoaATION FOR ThE YEAR ENDED 31 DECEMBER 2020 We 8ained an understanding of how the charitable company complied wlth tts legal and regulatory framework, includingtherequirementtoproperlyaecountforre5trKtedfiJnds. throu8h discussoons with mana8èment and è review of the doojmented poJJdes, procedures and controls. The audit team. whkh is experienced In the audit of chaTfties. consrdered the tharitable CoMpan￿S susceptibility to material misstatèmènt and how fraud rnay occur. Our consideratlons Induded the Tlsk of mana8ement O￿Tride. OUT approach was to theck that any festritted Income was properly iden￿fied and 5eparatety accounted for and to ensure that valid and appropnate expenditure wa5 then char8ed to re5tr1¢ted fvnds. ThLs included reviewlnglournal adjustments and unusual transartlons. A furth•r descrlptlon of our reswslblltties for the audlt of the fittanclal statements Is located on thè Fioandal Reportin8 Councifs website at.. auditorfs reporL Thls descrlptlon forms part of our Rlchard Blllln8hurst ISenlorStatutoryAudltorl for and on behallof Knox Cropper LLP 65 Leadenhall StreeL London EcaA 2AD 2710912021 FELLOWSHIP OF STJOHN (UK) TRUST ASSOCIATION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Note 2020 2019 Income from: Donatlons and le8acies Investments 30,312 175,178 199,189 260.697 Total 229,501 435,875 Expendlturè on". Ralslng fund5 Charitable ActI￿tIeS Total 40,637 428,904 38.361 376,217 469,541 414,578 Net gaSns and losses on Investmeftts N•t Incom¢/lexpendtture and net M￿rnent In funds 232,989 1,015,902 17,OSII 1,037,199 Fund balances at l January 2020 Fund bala￿+$ at 31 DKember 2020 9,136,922 8,099,723 £9,129,871 £9,136,922 The statement of flnanctal act5vities also complles wlth the requlrements for an Income and expendlture account under the CompanSès Act 2tsJ6. All the above activltles reflect contlnulng attivltlès. All movements in the Chaiity's funds durlng the year are reflected through the statement of flnanclal activltles. All the CharIt￿$ funds are unrestritted in both the current and precedin8 year. io FELLOWSHIP OF STJOHN (UK) TRUST ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2020 31 December Z020 31 December 2019 Note Fixed assets Tangible Assets Invertment assets 90,971 9,623,247 9,714,218 92,781 9,539,433 9,632,214 Current assets Debtors Cash at bank and In hand io 93,550 113,490 111.574 109,619 221,193 Credltors Arnounts fallin8 dve wlthln one year li 791,3871 716,4851 Net c￿rrtrnt a$sets Total assets less current Ilablllt1•5 IS84,3471 £9,129,871 1495.2921 £9,136,922 Unrestrlcted funds Unrestrlctéd income funds DesS8nated funds Revaluatlon Reserve 12 13 12 6,262,972 236,955 2,629,944 S,9[￿,047 839,920 2,396,955 TOTAL FUhlDS £9,129,871 £9,136,922 These accounts have been prepared Sn accordance wlth the special provlsigns relatlng to small companles wlthln Part 15 of the companies Act 2006. The •¢¢ounts were approved by the Board on Revd. C. Card-Reynolds Company Re815tratlon No. 01830397 li FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUMt5 FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles 1.1 Basls of preparatlon The accounts have been prepared in accordance wfth Accountin8 and Reporting by Char5ties.' Statement ot Recommended Practio applicable to chaiities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFAS 102 second edition), effertive l January 2019 (Charities SORP FRS 1021, the Financial Reportin8 Stsndard applicable In the UK and Republic ol I￿land IFRS 1021 and the special provlsions relatlng to small companies withln Part 15 of the Companies Act 2tM)6. The Fellowship of st John IUKI Trust As50clatSon meet5 the definf(ion of a publlc benefit entrty under FRS 102. A55ets and liabllrties are inltlally recognlsed at histortcal cost or tran￿¢tIon valve unless otherwise stated in the ￿leVant atcovnts"n8 policy rbote. The trustee5 conslder that there are no material uncertainties about the Associatlon's ability to conttnuÈ as a golng concern. The charlty has taken advants8e of the disclosure exemptlon from the requlrements of Settion 7 Statement of Cash Flow5. In preparing these finanual statements, as permitted by FRS 102 ' The Finarbcial Reportin8 Standard appllcable In the UK arml Republlc of Ireland.. 1.2 I￿oM￿lS reSOu￿e5 All incomin8 resources are Included In the Ststement of Flnancial Activities when the charity Is le8ally entitled tg the Income and the amounts can be quantified wlth reasonable accuracy. Income tax recoverable in relatlon to donatlons recèlved under Gfft Ald or deeds of covenant Is reco8nised at the tjme of the donatlon. 1.3 Resour￿$ •xpend•d All expenditure is accounted for on an accru#ls basls and has been Included under expense categories that a88re8ate all costs for allocation to artlvttle5. Where costs cannot be directly attributed to particular activltle5, thty have been allocated on a basls con51Stent wlth the use of the resource5. Governance costs are those incurred In connettion wlth admlnlstratlon of the charltv and compliancè th Constitutional and statutory regul￿MentS. Grants payable are thar8ed In the year when the offer Is made except In those cases Whe￿ the offer Is conditlonal. such grants belng recognlsed as expendlture when the Condttions attacheil are fulfilled. 1.4 TanOble fSxed assets and depr•d•tlon Tangible fixed a$5ets other than freehold land are stated at COSI less depreclatlon. DeprecSatlon is provided at rates calculated to write off the cost less estlmated re￿dUal value of each asset over Its experted usefvl Ilfe. as follows: F4XtLtres, ffttlnB$ & equlpment Computers IO% stF318ht line 33.3% strai8ht Ilne 1.5 Investments Investment5 are ststed at markèt Value at the balarKe sheet date tsslng mld-market closlng values. The Statement of Flnanclal Arti¥ttle5 includes the net 8ains and lo￿5 arlsln8 on revalvation5 and d15posals throughout the year. 1.6 5hort-terni debto¥s and crÈdlto Debtors are recognised when thè Charity is legally entltled to the income after any perFormance conditions have been rnet. the amount can be measured reliabty and it is probable that the income wlll be received. Credltor5 are recognised when the Charoty has a p￿Sefit legal or conmructlve obllgation ￿SuItIng from a past event to make payment to a third party. it is probable that settlement will be required and the amount due to settle the obligation can be measured or estimated reliably. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE AccouNfs FOR THE YEAR ENDED 31 DECEMBER 2020 1.7 Financial instruments The charitable company only has financlal assets and flnancial Ilabllltles of a kind that qualify as baslc financial instruments. Basic flnancial instruments ère init5ally recoBnlsed at transaction value and subsèquently measured at their settlement value. 1.8 Fund Attountlng General funds are unrestricted funds which are avallable for use at thè discretion of the Trystee in furtherance of the general objective5 of the charlty and which have not been designzted for other purpose5. Restrirted funds are funds which are to be used In accordance with speciflc restrlctions imposed by donors whlch have been ralsed by the company for partlcular purposes. all the ChariWs funds are unrestrlcted. Currentlv 1.9 Compary status The company Is a company limlted by guarantee. The members of the company are the Trustees named on page l. In the event of the company being wound up, the Ilablllty in respert of the guarantee is Ilmited to £1 per member of the companv. 13 FELLOWSHIP OF STJOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Voluntary in¢ome 2020 2019 legacles 30,066 175.000 Other Donation5 246 178 £30,312 £175,178 Investment Income 2020 2019 D￿ldendS 177,359 240,664 Income Irorn flxed Interest and cash deposlts Fellowship of St John IUKI Trust Assoclatlon share Total Investment Income from portfolios Transferred to SGT, SHC and SSJE (see below) Fellowshlp of St John IUKI Trust Assoclatlon share 21,830 20.033 £199,189 £260.697 261,179 341,831 161,9901 181,1341 £199,189 £260,697 As explalned in note 15, In 2015, the Snve5tments In St George's Trust, Slsterhood of the Holy Chlldhood and Society of St John the Evan8e115t were transferred to FSJ. Only FSI'S share of investment Income is rellected through the Statement of Financlal Attlvltles. Totsl r•sour¢•s *Mpended Admlnlstrator costs Depre. clatlon Other ¢osts 2020 2019 Char5tablÈ artlvltles Grants (Note 51 283,770 283,770 241,856 Cowley Project 13,982 13,982 M12ekl Festival Project 25.565 25,565 35,080 SSJE Cambrldge Links 798 798 Support Costs 23,932 1,810 16.131 41,873 61.888 GovÈrnancÈ costs 62,916 62,916 37,393 Investment management fee 40.637 40,637 38,361 Total resources expended £23,932 £1,810 £443,799 £469,541 £414,578 As explained in note 15. in 2015 the Investments of SST. SHC and SSJE were transferred to FSJ. Only FSJ'5 share of Investment management fees is reflected throu8h the Statement of Flnancial Activlties. The total investrnent management fees for the year were £53,283 and £12,646 was recharged to SGT, SHC Qnd SSJE. 14 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Grants The following grants were awarded duringthe year: Grnnts a¥Arded tyJtsld•th¢ Ul( Hope for Youth in Zlmbabwè Klnls Wortd Trusr, Indl Grenada Mothers. Unlon Kathryn's Mer¢y Home, India M•lorBr•nts aW￿ded Freedorn Church Meresld• St Brfde's Dumfries St John, Chester St Catherlne's Bumlev Arabte and lryestock farrning prolect in Tarfro EdUcat￿tr￿1 fundin8 for20 ¢hlldren TraSnlnBof facilitatovs in Carriacou. Grenad• For the ed￿at10ft of ten Dalit86rls 20,OtyJ Fundin8 fory0￿h Worker arKI cent￿ Mana8er Installat￿ tsf a peal of bells In the t¥Jr8h church of l)umfrles Fvjl time Partsh AdMin￿tratOr Centre Ctrordinatoil 0￿0pment Mana8er and ImWo¥e￿*ntto kitcheh and doakroorn facilitles De4elopment Workerand Mtsycal ￿rert0{ External and internal ccrv monl¢Ori For contlnuètion of thelr cornmunlty m155k•n proltct Children aTrd Famll*s Worker Continued fundln8 lorlolnt Youth Worker Chlldren and Families Worker Youth and Families Worker To bulld new tsrth connection5 for prfmary school chiklren Fundin8 fortran5formin8 Iv¥esbr petsple f thelr fatth Chlldren and F•m11￿5 Workerfor two churdws 35,fy)0 12,500 12,CXJO 12,060 St Matthews. G)rver St Swneld St 8otolph, Cambridge St Chad Comrnunlty Mis￿on St Peter & St John, Hortsjry St Wiffred's Canttey Stjohn the Baptist, Mexlx*rwh St Hu8h's Ooncastei St Paul'5 Llandud Christlan Solidarlty Wortt￿l￿e 8,9C 7.5C 5,881 5,000 St Mary Handsworthl Holy Redeemer Oth•ry•nts Chrlst Church Bexleyheath Diocese in Europe St George the Martyr Preston The Famlfy Trust St Peter & St Paul. Enfield Church Pastoral Ald Soctety CPAS Marco Gu81￿lMI ScholanhFp$ Ind Bursarlqs Unlversrtv of the Western Cap• St Stephen'5 House, Oxford The ClaudS4 Sov•m Leg•ty Revd Michael Wakott Hopefor Youth In ￿Mbabwe UK vtslt from &)uth AfiKa ATable and16vestock frdrmlng In Tadro Grnnts awird8d fr(Mn the Berrn￿ Mts•klTvust North London Pa5toralA$5tyr Schernc Fundln8for ￿510r•I a55￿nts Croydon Pastoral AssistaTrts 5¢heme The Rt Revd Anthony RobIr￿n Churth yO￿h Wor*er Funding fo¥ intern5 on the CEMESxl*mè nagt to promote the church Lessorts and Assemblies on the Lord's Pr￿r WaL%In8￿M Youth Pll8rfma8e Fakons programme for underprknle8ed children EnquirSes Weekend for wtendal ordlnands 1.500 1,092 340 S¢htsl•rships and BookGr•r 8enson Stholarship 17,304 12,0Tr) 27,4 io,c¥Jo Fundlng for wo￿1 assistsnt Mi55ional lunth and after sthooj dubs In 7 se¢ondary schods in Wakefield tli5rr Seedsof SilerKe projrft, prorntin8the pracNce of sIlen￿ as spiritual dt￿i￿lne Funding loi Lay Member doing o￿Te3th work Towards thecostof MA for becomin8 a lay reader Platernent as a Human Ri8hrs Law research clerk in south Afr1(* SpeoalisttFJinfy for*)lurrte¢rs 9.SLN) 6.030 A1150n Woollry Holywell Community Peter Shears Mailanna HcFlbroo 500 Crlbs RfrFwh Tc*al 8rants awarded In 2Q20 210 £Z83.770 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Audltors Remuneratlon 2020 2019 For Audit Services £4,2 £4,5C Admln15trator Costs 2020 2019 Adminlstrator costs 23,933 29,381 £23.933 £29,381 The adminlstrator15 a freelante conrrattor. The charlty does not employ any staff12019'. NIII Truste•s TrLtstees are not remunerated. Flve trustees were reimbursed travel and Subsisten￿ expenses that they personally Incurred or whid) were incurred by the cha￿ty for inspection trlps and meetings of E13.36812019-. £13,7931. Durin8 the year the charity pald £667 for trustee indemnity insurance 12019.. £6671. Good Rovernance obliges trustees to perfodlcally visit for•lgn locatlons to asse55 new8rant appllcatlons and review the usa8e of grants awarded. T•n8lts￿ Flx•d Ass•ts LarKI and Bulldings Leasehold Computers Total At l January 2020 Addition5 99.950 7￿￿3 107,013 OIsp05als At 31 De£emb•r 2020 D•pr•clatlon: At l January 2020 Charge for the year Dlsposals At 31 DÈcernb•r 1020 Net book Value at 31 Duember 2020 99.950 7.063 107,013 7.979 6,253 14,232 810 1,810 8,979 7.063 16,042 £90,971 £￿,971 Net book value at 31 December 2019 £9L971 £810 £92,781 16 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE Accoumfs FOR THE YEAR ENDED 31 DECEMBER 2020 Axed a$5et inv•stm•nts 2020 2019 Market value at l January 2020 Additions Dlsposals at book value Movement In Market Value of In*stments 11.867.375 2.646.940 12.894,8381 305,499 10,365.599 2.372,039 12,202.3341 1.332,071 11,924,976 11,867,375 Cash held for Investment 693.219 640,922 Less.. Share of Investments held on behalf of SGT. SHC and SSJE 12,994,9481 12,968,864) £9,623.247 £9,539,433 As explalned in note 15, in 2015 the invettments in SGT. SHC and SSJE were transferred to FSJ. Onty FSJ'S share of the movement in market value of fjxed asset investments is reflected through the Statement of Flnanclal Attivltle5. The totsl movèment In market value of investments was a 8aln of £305.499 of whlch £72,510 was char8ed to SGT, SHC and SSJE to give net 8alns of £232,989. Investments at Market Value Comprlsed Rathbones Investment Management Investrf Wealth & Investment 6.066.569 5,858,407 £11,924,976 5.865.085 6,002.290 £11,867,375 Wlthln the Rathbones portfollo, there was a holdty 01 £3.233.790.12019 £3,074.4901 in the Rathbones Core Investment Fund for Charltie5. 10 Debtors 2020 2019 Owed by Slsterhood otthe Holy Chlldhood Owed by St Geor8e's Trnst 68.303 68,￿? 14,552 31,584 Prepaymerits and accrued income 10,695 11,983 £93.550 £111,574 17 FELLOWSHIP OF ST JOHN (UKI TRUST ASSOCIATION NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 DECEMBER 2020 11 Credttors: amounts falling due wlthln one Jyar 2020 2019 Amounts owed to St George's Tn Amounts owed to Society of St John the Ewdngejist Accruals 713,089 44,893 33,405 £791,387 664,110 32,375 20,000 £716,485 Grants payable 12 Fund mowments Desl8nated Funds Intome Funds Revaluatlon Reserves Total At l January 2020 Incomlng resources Resources expended Transfer 839,920 5.9)),047 229.501 1406.5761 2,396,955 9,136,922 229,501 1469,5411 162.965) I540,(￿1) Galn on Investments At 31 December 2020 232,989 £2,629,944 232,989 £236.955 £6.262.972 £9,129,871 gnated Fund5 Income Funds Revaluation Reserves Total At l January 2019 Incoming resources Reso(Frtes expended Transfer 6.018.670 435,875 1379,4981 1175.(KA)I 1381.053 8,099,723 435,875 1414.5781 135,0801 175.C(Kl Galn on Invèstments At 310ecember 2019 1,015,9)2 £2.396,955 1,015,902 £9,136.922 £839.920 £5,￿,047 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 13 Desl8nated Fund5 ljanuary 2020 Transfers ResoU￿e$ expendèd 31 December 2020 Contin8ency claim Claudla Sevem Le8acy 1550.ffj)1 io,&)) 150,000 86,955 £236.955 139,920 162,96SI £162,965) £839.920 £1540,(WI cont1￿enCY clalm A legal claim was made by a distant ￿latiVe to the whole £7fy).(KQ recefved from the au¢tion of medals. As a result of medlatron, the trustees Sought and ￿ctIve{l le8al advice to settle out of court. As consequence, £Is0,((￿ was pald to the ￿latIve in January 2021 In fvll and flnal settlement of the claim to whlch was attached a confldentlallty clavse. a•udl• Se¥ern Le8a¢y A flnal balance of £IO,thJ was rece1¥￿ during the year and has been desl8nated by the trustees to honour the mlnistry of SSJE and for rel*lous educatlon and mlnlstry to chlldren. 14 AnalyJ55 ol n•t assets between funds Desl8nated Funds Income Funds Revaluatlon Reserves Totsl Tan8ible Fixed Assets Investments 9).971 6.993,303 1821,3021 £6.262,972 90,971 9,623,247 1584,3471 £9,129,871 2.629,944 Net Current Llabilities At 31 Oecember 2020 236.955 £236,955 £2,629,944 Desr8nated Funds Income Funds Revaluatlon Reserve5 Total Tan8ible Fixed Assets Investments 92,781 7,142.478 11.335.212) £$.￿,047 92,781 9,539,433 1495,2921 £9,136,922 2.396.955 Net Current Liabllities At 31 December 2019 839,920 É839.920 £2.396,955 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 15 Related partles The FellowshTrp of Saint John IUKI Trurt A55ociatlon is a corporate trustee of the following charitle5 and had the following inter-company account balances with them at 31 December 2020- FSJ IUKI TA is owed by St George's Trust £14.52212019.' SGT £31,5841- Notes 10 FSJ IUKI TA owed to The Society of Saint John the Evangelist £713,08912019.. £664,110) Note 11 FSJ IUKI TA is owed by the Sisterhood of the Holy Childhoc¥J £68,30312019.. £68.Tr)71- Note 10. The transactlons of St George's Trust ISGT), The Society of st John the Evangelist ISSJEI and Sisterhood of the Holy Childhood ISHCI a￿ initially made on their behalf by the Fellowship of St John IUKI Trust Association and are subsequently transferred to the appropriate charity throu8h the inter-charity CLtrrent accounts. Periodically inter