FELL0I45HIP op, TJOHN+TIUST ASSOCIATION FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 A Company Limited bv Guarantee Re¢lster•d Company number 01830397 Registered Charlty number 289862 CONTENTS Ir*ndert r•port 7JJ St#eThxnt of finard•l •ctW¢s 8lince sheet li FELLOWSHIP OF ST JOHN (UK) TRusf AssoaATION LEGAL AND ADMIWISTrATIVE INFORMATION RèA. L Makolm CAnon C C•rMeym￿ ChaIm￿n of th* Trnst B•foness k Harrls Rv4d. C￿onj. thambers Revd. G. Naw D•¥ld Balla￿e Howarf Rl IAppolnted 14 J￿e 20231 AdmIn1th￿ Supp￿* Unden Sh¢ffleld nufflb•r 01830397 M•llkn8 Addrn 348 VAlw Hu1￿ Br￿l￿ard, Hlth I%Vcombe HP13 5GH rnd Ollk• 6H8 Leadenhall Stree( London EC3A 2AD Awdlt•N Knox Qopptt LLP Chartwed Acrountants 6548 Leadenhall Str￿, London EC3A 2A Reliance B•nk Ltd F•lth House. 2>24 L￿￿t ian•. i(thi EC3R 8Éb Wedlake 8eH 71 Queen ￿ttor* Strrt London EC4V4AY In4•*menlPav1M￿ ￿thbOn* Imwtm•nt Mana8emenL Flnsbury arcus. London EC2M 7AZ Sarasln & Partntrs. j¢￿0￿ House, l(Xl St Paufs Cfrurchya￿, London EC4M 8BU FELLOWSHIP OF ST JOHN {UK) TRusf AssoaATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBÉR 2023 The t￿SteeS present thelr repth and accounts ftyth*￿T￿Jcd 31 l>ecWn1￿ 2023 whlth arealso prepar•d to mett the wuirements for a dlrecr¢fs' rem •KI ￿Unts foi C4)nwanle5 Ad purpose> The accounts beeh wepared In attordwth *lth Ihe *ttOUnlln8 pofKles set out in i to tht Kcounts and complywlth thetthnpanws memmndum and artide5 of assiKdatlon. the ChèdtlesAct 201L thecompènies Act 2QJ6•nd Accountlre•nd Repoffj￿bv chr1t1￿.. Statementofftecommu￿d Prartke awllubleto tharities preparlwd thelr iccouThts In accordance with the F￿￿n￿al Reportl￿ Stanthrd applIc•b￿ kn the UK and Republic of lrt1oTh1 (FR5 102 seC￿d edit￿1. The cornpany Is re8lstered as a tharii•ble company Ilmlted ￿ guaraniee. The com￿n¥ is constituted under Its Memofandum and Anides and Is a r*stered dwlty number 289861 The tru5tees•re •1sothethrectors for the purpose5 of ¢rffipany l*. The ¢omp4ry is the Trustee d The 5odety of St Jokn the ￿nt Georie'5 Trust and ol The Slsterhood of the Hoty Chlldhood lall rwered ch¥1￿5?. As e•th of these dwrltle$ 15 sepmtdy con$t￿￿ted, consolldated ac¢ounts are not yoduced. New tru5tee5 are apOnted byth• c¢mpany memb•rs at tfreAGM and thiVI the next AGM. ai t*thlth tlme they put themsefves fon¥afd for rtreleetlon. The trusi deed prr to con5kleraUM bythe trustees In the hinds of theAtlminlstr¥tion Olker. The tru#ees have a pro￿￿￿$ mJny*l, wlthh fornmllsos £￿trots over W￿dUre4 IT￿￿dIng grants, pawnent authorlsatlon INI Investments. A150 lfiduded in the manual are Job for tft￿tees. trustse code of eonduc( confilrt of Snterest poky and a potkyforlrustoe expwisu. On awointm•nL new trustees slgn the trustee dedar•tlon, comrnlttlni them to of thelr ttmo and exput15e. An inductknn pr¢J8rnrnmt lor new trustees indudes •n knltl•l meetlrw wlth the Ch￿r to diKuss Issues of rele¥ance to ihe TrnsL the hbstory of the tharity and tts th¥itable purposes. In￿$t￿ertts. the 8rant makl ocess and the role5 and responsibdities of the bgard. New trustees are a copy ol Tecenl board mlnutes, copy of the most recent attounts. 8 cow of the qo¥eminK trust deed •nd cotyes of the Ch3rfty Commlsslon's 8uIdan￿. Tr Essentlal Tntstee.. Whal You Need To Knw. and Ihe Halknarks ofan Effeal¥e Charlty.. All trustee5 glve of thèlr tlme freety and no remuneration was pald to vust•es In the year. Tnjstees •ie requlred to d5dose aH reknnt Interests at eath board rneetk¥•nd, In xcordan￿wfth the tru>t'5 pplky, wlthdr•w from defwons Twhere • conlkt of Int*rÈst arfses. The charlty's twstee5 ha￿ referred to the iuldance In the CPkiflty Comrn15s1on's wieral guld￿￿ on Publlc Benefrt when re41e*rfw the thar1￿$ aims and obkLthe5 and Sn Planni￿ its fvture ¥tNitie& In partlvjlar. Ih have consldered how planned actlbtties ¥AII Contrlbute to the awns and obieafves h•vt set. FELLOWSHIP OF ST JOHN (UK) TRUST AssoaATION TRUSTEES. REpoirr FOR ThE YEAR ENDED 31 DECEMBER 2023 OWEcmiES AIID AcnvmES The Trust ts ery8ed Sn mw*b•ry ar￿ educat10￿1 for tt* •d¥￿nt of the Kkn8thm of Chrtst. as ststd In thè ¢ompanVs Vomornndum and knldes ol Assockn. it5 Zovemi￿ docurn￿ The Trust admln15tefS a youp of d￿rI￿5 assodated *4th the Nryjlcan R*hJu5 of Sodety ol St Jc+th the EvaWst ISSJEI. Our mI￿10n ststemenL ￿Slan and obJecil¥e5 have been rKentty d￿￿0p￿d and seek to defino us as 4 boty and Ihe nature of Lyjr mlsth to •nable us to be fftfor ur Oyldup tht WolChrfstbymp0*7dw tp the nEcds olott* Ho¥t Go¥*1 otitsheortondextst to prL¥wte them EquW ondenobtothefs todtheknp thetro*￿ ondother5 d￿￿9￿ShIP The wlndpal atti¥ltyoftheTrust15the Owardl￿OI￿•nts tovar5c￿S benefithrles uponapplicatlon*nd toenswe that ih• Tr￿1￿5 abh to mak• th• btst us• of I￿rMIn£la1 le￿￿rCeS avalalAe to suppxtthat xtmty. polky towwds grants its ￿te(edents in SSJE. from whlch the TfU5t SSIE t￿$ • mon•stlc and mlsslonarycommunlty whtt•wtsrk was undertakèn In ￿lisheS and mlsslonil eonttxts In both Great Utain IG81 and ¥%erseas. m05t tr￿b￿ tn 5tyJthern Alrka. W¢si kndles. Indla and Japan. Thbs Ihftyms the curr•ni 8rants pollcy. SpedficaNy* wnts are a¥Ard•d kn rnSpWWviwl￿l applk•tlDM frorn: l. P•r15hes Ind mlsslon cMte*ts In GB •nd o¥useA endea¥wrk¥ to •thIn￿ and thelr worshlppl Coffffiunitles. l MonA5tlc commurdtles. lookln8 to dwkythe rnonas￿ frfe. espethltyfry use In rn￿510n. * An8llcan Theol¢)8lcal houses, trainltw tornrnunltle5 and pastornl sd*me5 educ*lon, fgm•tlon and eXperIen￿ to those seeknry discunrnent for wiestty, dSaconal and lay mln15try. 4. Those wlshlni to enrlth thdr S￿rftuallty kn A￿lICan cal￿1￿ contexts. A partkular feature of the 8Tants pollcy Is the wllllrw to siipport desknated parlsP*s and sthemes ov•r number of to bulld capadiyand outreach. As s￿h.there￿ a weferentefor SUP5￿rt￿¥mIft15try and people Grant app1katI(￿S are Invlted and cOr￿dded on thetr Wily MeettheU￿eTl& Thry areth* apwob*d 11 the tr￿le¢S mee￿￿t0$e1her. Trumees dedare any of inttresL aNI11 r*¢essJry recuse themsefves from partIdpa￿￿ In the rdLWantyaftt-maklne d15cuw.on and dKi%ior Durlnl the course of tr￿ cvrrent year. grnnts iotallnR £318.552 ¥￿È aw¥ded lin mmpari$on to £340.926 last yparl ro vartous benellclarle& Daalls ofyants ¥Kdrded are Oven in r#)te5. FELLOWSHIP OF ST JOHN (UK) TRLisf AssoaATION TRUST￿, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Theresultfortheyeor ts dtsdosed Inthestatementol Fknancl•l A¢trthtlttoDpy 10. Th15 Indic4tes b net IrKTea5e In lunds of £126J67.12022 de￿￿se. £l,539.5501. Thepurposeof theTrus¢s reseThe5 pgky ts weAsureth•tlt15 a￿￿tOrneet tsobl8athns •ndfin•n¢eltsplJnned future acimties. The level of free reseThv luni&trfaed IncoTh* funds net of fvnds represented lrytsnw"blellxed a55etsl Is rell￿d annualty tr¢ theTriisi¢es. At 31 Docwnbw 2023 frt• ¢•swves *mounttd to £1516540. Th• Trusiees hove s•t the in¥e5tmenl mJn•Rers a tsr8et ol yodudn8 return5 th•t achieved CPI *4% over the long tefm. It a demanding tafBet becaw If Inllathn rur6 atsry5& Inve5tmeni rewms ¥AII I￿ed to achfeve 9% to reach thi5 out￿me. rnea5UTernent has been fvrther reflned In X124 ?• the adoptlon of a secondary ob*rtlv• Incorporntlng CompD￿te Index made up of 75% MSCI ACWI in stefllry 25% Gkthl Gry¥wThment Bor￿ In 5terlkn& a5 the bèsis of the perforrnance C￿rts0n. TIMS ne* wf0mlan￿ 0b1ertp￿. set for •U three m•n¥ers now. more dlreth musure5 ihe value tp be added by dbtretionary portlobo manaeement over and•bty4ethe ¢¢mp•r•tor of passi%* index trackbwfunds. The Trust••s see alustlftation fty ihe Investmert fees b•lrq ￿11￿ Th+￿ were quarterty meetifios w￿h each m*n•w. to r*le* perftyMa￿t •cross both •55el •ll¢*atbDns and Indlvldual stock selecttons. The SJr•51n & P¥rtnets ponfdlo produud a 3j1tsfact￿¥ t¢rtal reDJry net of of 8.9% fpr thÈ 12 rnon￿ to 315t December 2023. was behlrHI the c(¥nP0511e berKhmark hi(kx return ol IL7% but •he•d of the comp8r*ble ARC sieady Growth Ch•rtty peer group Sndex retum o17.5* 11 was also mawnally ahead by the year end ofthe terni t*yt of CPI- runnln8 at 4%- plu$ 4* equaU￿ to an Objert￿e of 8%. On the other ￿nd. the ftathboms pwrfolfo by cory4￿99Tr produced a d15appthtlwt(*al retu￿ nrf olfees, of 5.3X for the 12 month5 to 31st Decefflber 2023. In Nostmber 2023 theTru5tees. as ad¥tsed bythe Flnance Committe*. took the decLElon io re(leem Ihè thjrws segre8ated portfollo wlth Rathbones•nd dIve￿Ify further Its Inbostment man4ers, by pladn8the proceeds wlth Mdnroy arwj Wood. The I￿Uld4t1On of the Rathbo￿5 seye8ated portfolb took place at the end of December 2023. and ￿ 8 January 2024 the Ch￿ty Hiltlated an in¥e$tn￿nt In M¢lnroy Ind Wood Balanced r4d. AMANC￿ POLKY De5plte the nomlnal value of Imiesknents h•￿rtE ded￿￿ si8nffifantty in 2022 into 2023. because of a¢herse fflnan¢lal markffl condltions consequerrt upon the upwm In knftatlc￿. thèTDtsi Retum Accountbn8 pollryadopted by the Trust for many years has ensured thatPJ•ftts hm Mant*￿1 It *ls and w• hope4t least to conynuethat. Sn fvture. TheTiusiees are k¥)kI￿t0 resvKethÈunapplled Total Retum ethent oftheirive5tments portfolio wNch,whlle In nomlnal twms ha5 Increased by IYA by the tyKI of 2023. when adfvstsd for reont Inflaiion, has In real terms fallen 25% below the Sta￿ne lebtl In 2015, Wthen two InveStyn￿t marH8*Ts were appoSntÈd to marw the pwttolk. 2024wlll therefore be ayear of finandal on5011dalbon. For firture. It Ls t￿ped that￿￿l￿tal trKrease5 will posslble Inthequanturn of fvnds a¥aMabletosupportthe wo¥tskn ofBrants but th•1 *depend*ht onmarkets the performance Oft￿ inlknent managers. FELLOWSHIP OF sr JOHN (UK) TRUST AssoaATION TRUSTEEY REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Wèare8uldEd generally ￿ the Churth of EtW•nd etlwol polky. TheT￿Stee$ th$t￿mon￿or the Integratlon of en¥lror*nental, soaal •nd •)¥emano IESGI followed our In¥thnent rnana8ers to inlomi th¢li dodslon4naklTrd. CIIARMES kffAGEA At a meetlTr8 l*id on 8 f*>¥ember 2023. the trustees and company n￿rntsets •PPr￿Kd a re501ulk>n, that the FellowsNp ol St Johrn St Ge￿￿.5 TfusL Slsiethood of the Tr*Jty QLlldhood and 5Klety olst Juhn the Evarymst thadtles should marye In 2024. Th15 Str￿11fy thè prewrntlon of •cctyJnts and the Interrfharlty flnand•l felatlonshlpL RISK IMNAGEMEI(f The Trust has dfftloped J rtsk manayrn￿t T*hith allows the ldentlfk￿On, I5¥esstwI •nd mlnagemeni of signlftcant r15ks, whlth may IinpKt ofi the achievement of thelr obieth¥es. The process Is try a rtsk man08em￿l pdlcy. ¥thlth out11￿5 th• foles and respons￿lItIeS oftrustee5 and suff jnd folltrK Ch•rbty Comm15slon guldeUne5. The board re¥kn¥s the rtsk re8bster and rtsk m•nwent arrongements •t eath rneelln& Rtsks are wl(wlt15ed an a8feed ffl•trbL M•Jor rlths, whkh are subhrt to monltorir48 •nd re¥lew. refierflssuesarryjnd opeTrilwd, fIn[￿daL le8al4rrfl re8ul•twi rtsks.Current are•5 of focus •re ensurln8 Investment returns are approprlaie. The Nna￿ Commlttee mlews the In*5tsnents qu•rt•ty and rt8ul•r meets wlth the InveMmenl min•ger> The Trusiees ha¥e a$5essed the m•Jor rlsks to th cornpany expwed they are conlldent th•t go1￿ forw•r4 empwe to r15ks wlll b? mitivied, As a Trust we InteNS In perlod ahead to ¢￿￿nueto. r¢wJlaty address our stral•w and use Mlsslon Slat¥ne￿ ￿51)fi and objea￿S io w• oper•te•nd puform," conthu• todvdop wh•t an FSJ Mlsslm •nd FY •Ankny sh￿Id book Ilk•: Io¢u5 speclfkalty on our T*oth InGI Southern Afrlca: Indla and The Wert Indles comlfiu• to de¥elop and deepen our hnk •nd tth wlth SSJE liiw: de¥dop p•rts)erships in and between our areos of prowlty,. locus oft a smaller numberol•ms ofwA%k arn1 pfojecis lookknito bulhl our fd•ll¢>n5hlp wlth th•m •vw • p•rfod of Ilme; e¥¥ore Ways to fadllt•te best WaCu￿ kn m15slon dEvel￿t by upsklllk* peop* tode¥elop thelr own ensure th•t fln•ncl•l resowces wobtsl)le to ihe of •rE monp8ed pn>fe551O￿1ty and uda)tty. balandry dsk and return. f•naln lo&alty cOmpl￿rrt ¥Ath all relevant UK thar￿leS and related I08k￿lIOn and adopfjwl chawes to sTrrtk• aff•ctlry¥ tharli￿ whorn It Is approprfate to do so. mi*Dln good 8o¥em4nce for the conduct of thè affalrs of the T￿￿ In Nne the requlrernents and advictfrom the Charrlies Commwon, the Re8i#rar ofcompanies and the of England. Each of thedlrectors ha5 confirmed thatthere bMknfoTrnatkn of tlyareaware relevanl tothe audSL but ofwhlth the auditor 15 unaware. Tlw ha¥È furthv tonfinned tswt thry havetakeft approwlate •5 to Idenl]fy suth relewant Inforniatlon and to esEabltsN Ihat the ￿all015 are ala￿ of such Infwfflaiion. FELLOWSHIP OF ST JOHN (UK) TRusf AssoaATION TRLisfEES' REPORT FOR THE YEAR ENDED 31 IXCEMBER 2023 A resolut•tin proposino that Khox Croppor LLP b• réappoknrod as audltors of the ctAnpany wil be put to the membws. Thls report has been Ple￿Ied In acCOrdar￿ ¥Ath the small wnpanie< re8ime withln Part IS of t Companie5 Act 2fTh. The Irusiee5. who are also the dIreCt￿ of Fellmhlp of 5t JL*n IUKI Tn￿l Assoclaiion lor the purpDse of company law. are resptsnslble for prepari￿the Trustees. Report and the accounts In ac¢ord•nce Vhth •ppilcabk• law antl Unrted Klngdom Acu)untlll8 51andards Ivnthl Xbngdom Gener•lty Accepted A¢￿￿ntIn8 PTxlkel, du4Ylng Flnanclal Re￿￿n¥ stsndard 102 Ihe FInar￿al Report1￿ stsn￿rd *P￿bIe kn the UK aNI Repubk of Irelan￿. Cwnp•ny law ie(¥Jlreslhe Tnjstees to prep¥e accounts IOT e¥¢h fmandal year whkh 8l¥e a true and falr ¥lew ol the state of affalrs of the charttab5e (ompany and of the InL•M1￿ re50yrtes and oppkatlon of resources. Includlft8 the IncomE Ind expendiiure. of the charttable Com￿n¥ for that Y￿r. Under Comp•ny Law t Trustèes must not approve the flnarKlal stslernents unle55 the*f *r¢ sats"sfied th•t they 81bt • true and falr ￿eW ofthe state of affalrs ofthe t¢)mpany and of the profft or loss of the company for th•t pèrlod. In Pr￿￿nith•s• a¢¢oun￿ the tru5te•s are reQ￿rnd to: selea sultsbl¢ wjlkles and ihen appty them ¢onslstsntty: obser4e the metI￿S and prlnclples In tht Charloes SOAP: makelud8ements and estlmates that are ieason•ble and prudrt. state whether applkaljle UK a¢counOre standard5 been foN¢ywed. subJecl to •ny rn•terial departures th5dos•d and exrlalned In the financial stalements. and preparethe a¢¢ounts on the concern b•sL% unle55 N15 ln4w0w￿te to PTe5umÈthat the cofflpary 11 contlnve in operthin. ThetNsttts •r• responslble for kwplno¥dequ•t•acc0untl￿ r•D)fth th•t dlsclas• w5th reason*l• #cur•ty at any tSme the flnanoal pos111¢￿ ol the c￿￿nY and •nable them to ensur• that the accounts Compfy wlth the Companies Act 2L¥*. They are akno respons￿ for sale8u•rdln8 ihe assets of the company and hence for t4kkn8 Teasonable Meps for ihe prvmtknn and detect￿￿ olfraud and other Irreeularftles. The report has been pre￿re￿ In %rorfancewbth the Sped￿ of Part 15 ofthe c4)mp￿leS Att ZW6 r•Fatln8to small companles. On beMWofthe board ofThbstees 6(& 21 1 21f FELLOWSHIP OF St JOHN (UK) TRUST AssoaATION INDEPENDENT AuDifoKs REPORT TO THE MEM8ERS OF FELLO￿lp OF sfJoHN (UK) TRUST ASSOCIATION FOR THE YEAR ENDED 31 DECEMBER 2023 rjpknkni We audlted the finandal statements of the Fellowship of St John Ithe 'tharltable c4mwVJ for the yè ended 31 Oocember 2023 whl¢h comytse the Statern￿t of flnandal ac￿￿111•¥ the bal8nc• sh••t and note5 to the ftMndal statements, Includln8 a surnrn•ry tsf $18nffi¢•rt iccounth¥ ptilicte5. Thè fi￿ntIal repor framework that h•$ be￿ applled In IhElr preparatlon Is applkable law and Unlted KIr￿￿ Accountln8 Standard% Induth Flnandal Reportln8Standard 102 The FlnondolReportlngStondordapplicoble in the UKand Republlc oltre*nd I￿n￿ed KIrqd￿ Gerberalty kceoed AccountSrs Practke). In our oplnton. the fifi￿￿•1 ststements: e a true and falr vlew olthe slate of the tharftable ¢omparfs affalrs as at 31 Dff￿ber 2023 and of Its IncomlnÈ resourrns and appllcatlon ol resour￿$101 the year th￿ wMl8d: have been property prepared In acCOrd•r￿ with Unlted Genernltywed Ar￿￿￿￿￿1 Pr•rtl¢e,' •tYS h•ve be¢n pre￿red In %torthntewlth th• r•qukements olth• Conwnles Act 20C6. f•ryh*n We conducted our •udli lfi accord8n￿ Intwn•tlrxwl Strnd4rd5 QnAudItb￿ IUO (IsA5 IUO) and •pptkèble k4w. Our respon51bllltses underthosestandarr15arefurthor doscr*ed In th•Audho¢s resP￿SIbI￿￿e$f0rthe aud of the than¢lal stJtements settion ol Dur reporL We are finde￿dent of the charltable ¢ompany In auord•n¢e wtth the ethk•l requlrernents that are relevant to tyjr audlt of the flnatKlal statements In the UK IndudlnB the FRC5 Ethlol Standard. and we hwe lulflmed cwr Ot1￿ ethlcal ￿SponSIb￿tIes In accord•n¢e wlth these requlrements. We belle¥t that the ￿deft¢e we hwe obtalned Is sufflcknt and •pwoprlate to prrfvlde a bays for our aplnlon. In •¢JdttlnB the flnancltl $￿eMents. we ha¥e conduded that the trusted use of the concem ￿%15 of •ccountln8 In the preparatk+n ofthe finan¢lal statements 15 aPPfWate. B•s•d on the Y￿k ￿ ha¥* perform￿. we hab* not Sderrtlfted any materill urKertalntles rekntlng to events or con¢*tFons thal IndrA￿alY or ¢J)Ilecthty* may osl SI￿1(*￿t doubt on the th)rFtable comp•nV$ abmity to contlnue as a Boln8 tonc•rn for a pwknd of •t twtht months from 7*then the (In￿¢￿1 statements Ire •uthorlsed for Issu•. C￿r responslblnii•s ih• r•￿￿￿111t￿tS ul thE Irustees wbth regF*rt tp cty)cern awe desuibpd In lh• relevant s•cllons of ihh r•p￿. The O¢her Informatlon compr15e5 tbe Informatlon kncluded In annual report. other than the finand•l statements and Qur audltorfs report thtreon. The tr￿$Zee$ ¥e responslbleforthe other knlorn)•tion. Ouroplnlon I)nt￿￿nandal stat•mentsdoes notttyMth•otherlnform•tlon an4 exeepttothett%wtotherwtse explldtty stated In our ropoo WÈ d¢ ￿t express •ny fr>rm of assurrn condusion thweon. In cortnectlon with our aualt of the finandal statements. ¢)ur responsibillty is io read the other Informatlon and. In doln8 ￿. consl¢Ser wh￿her the other informatknn ts matthalty incon515tent *lth the flThandal staten*nts or our knowb8dg• obtalned In thèaudlt or otherwiseappÈar5 to bem*w•lty mlsstaied. If we Identh suth materlal Inconsistenaes or apparent matÈdal MI￿￿ternerrts. we are reguired to detemiine whether there Is a m*erlal mlsstatemeni In the flnanclal statements or o rnaterlèl Misstate￿ of the ot￿r informatlon. ff, b45ed M the work we have perfornied. condude that there is a material mi55taternert of thls othe¥ Snformation, we are requlred to rep)rt that facL We hab* rthin8to reP￿t In thb fvd. FELLOWSHIP OF sr JOHN (UK) TRusf ASSOCIATION INDEPENDENT AUDtro*s REPORTTOTHE MEMBERS OF FELLOWSHIP OF sr JOHN (UK) TRusf ASSOCL4TlOt4 FOR THE YEAR ENDED 31 OECEMBER 1023 In our Onl￿. ￿$¢d on the ¥ffjr* undethkts) On the courstofthe audrt.. the InformaiM)n in theTrustee< rewrt whk* iThdudes tr* dfvectorf reporr pr￿red forthe purpose5 ol CoMp￿ry law. for the finantial year for whth the finandal rtatements are prep•r¢d 15 consbtent wbth the tlnandal stst•mwts: and the threctry￿ report ￿￿t￿led wlthln the Trustee< report has been prepred h) accordib￿ applkwe 14al req￿remeThts. ID the118ht ofthe knOwle￿e artd underS￿dI￿ ofthe th•rltabl• uxnpony •nd Its en¥konment obtskned in the course of the audiL we have rw)t Idenfjfied materw •ntsstatèments In the dlre¢tw< rewrt Inthded wlthln the trustee5' reporL We hJ¥e nothlw to report In Tespett ofthe follty*I￿ matters In relation to whkh the Cofflwl•s Act 2rx)6 requlres u5 to report toyou If. In our Opin￿￿. adequate acCoUnd￿ records have not been W or rrfurr6 adwuthlf U5: or finondal 5tstements are not In •werynfftt ¥Ath the •¢¢ountlr4 rewrds and roturns; or • certsln d15dosures of trustee5' renwnerntlon spedfled ty l¥ware Nyt made,. or • we h•¥e noi recelved all the Inftymtk>n and e¥pl•n•¢bons we requlre forour •udlt' or tht trusiees were not entiiled to Pfep•re the fflfianclal staten￿ts In •C¢Ofd•nce the smbll romwnles regime and thke ¥d¥•nta8t of the sm•ll wnparAes' ex*mptlons In the trustees, rwt Ind from the requlrtment to wepare a strat¢8k reyL s eMplak)ed m¢xe fvuy In the trusts& re5pDn51bllitiE5 Statem￿. the ifustees (who arealsothÈdlreetors of the Charltable company for the purpose5 of company lawl are respon51ble for the weparatlon of the financ￿1 statements and fof belr*satlsfied thatthy grwe a true and falr•Aew. and forsuth ￿ternat control as the tnisteès detern)Ine Is neCes￿ry tg enable the weparation of lknindal rtatemmts that are free from malerljl m155tatement, whether the to fr*Jd or wror. In pr￿lI￿1h¢finan¢IaI ttatements. thetrustees are YesponslblÈfor a55tsyn8thecornpirfs ibllKyto r4ntlnu• as a goln8 concern. d￿d￿SIn% as •pp&¢4ble. mafters related to801￿ (oncem and Ush￿ the Wn8concem bas15 of accounti￿ unless the trustees *ther intend to f¥4uidate comparry or to ce•se opwatlon4 or h¥ve no rtslbllc alternad¥e but to do s (hjr owertlves are to obthln rta5(Thble a55ur•rKe abwt whether the ffin•Ki•l ststements •5 a whole are free from matedal ml>statement. whettr*r due to lrnud or errur. aDd 10 155ue an audltorfs report thai Indudes our opInk￿. Reasonoble assurance bs a level of 355uTrrKe, l¥Jt 15 nol a 8uarartee In I￿11 wnducred In occordwKe t*lth IW IUKI will atr•Ays detect • matwlal m￿ltern¢nt when R exlgts. Mi￿tateMents can arf5e fr+)m fraud or errof ond are ¢onwdefed material Trf. [r￿MI￿alty or In the w4ate. thty could reasonably be expected to Inlluence the econtynk dedkn of usffs tsken OA olthese fi￿nd•1 ststements. iffeluthrl￿Ès. IndudinR fraud. afe instances of nofvcompltarxe wlth law5 reRulatKin5. We des&n procedures In Ilne wlth tyJT respo￿[bIll￿4 outmned ab￿. to detect material mtsstatements in re5pert of irre8uloTitie5. Includi￿ fraud. The exterrt to our proredure5 are capable of detectlng lrre8ulaT￿leS, indudln8 fraud ' detailed below: The Charitsble Cornpany Is rerykned to *ryth kiw ￿ tharly Iw and, based on r kno*le¢6e ol its actmyes, we Kleniif*d that the legal re4u*ement ts ac¢￿Tatety ar￿Unt for rt5trTrcted fund5 of ￿81¥f￿arKe. We lained an of how the thbrltjble (offltdled wlih Its Iwl a￿1 vewjlalory framework, Indudlngthe requSrementtO PToperlya(toJntforrestrlLtsd lund5. tIwou8h d15cusslonswith mana8ement and i review ofthe th￿￿￿te¢j polic1È5, Ffftedures and controts. FELLOWSHIP OF sr JOHN (UK) TRusf AssoaATION INDEPENIXNT AUDFfow5 REPORTTO ThE MEM8ERS OF FELLOWSHIP OF sr JOHN (UK) TRUST ASsoaATION FOR THE YEAR E14DED 31 DECEMBER Z023 The audit tearn, whith 15 experienced In the audlt of charftles, consldered the chirltable oKnpanYs sys(epUbiirty to ft4teri•l misststement and l￿W fraud m•y oc(Jx. (￿1 ¢Dnsideratlons inC￿ded the Tisk ofm?na8ement tr￿lI1d Our •wua¢h w•$ to theckthat r*strlrted Incornef•rnS proptth and sep•r•t•FyacuJunt*d for •nd to ertsure onty vamd and apFYoprfate was then th￿ed to resthcted fund5. Thi% incbjded revlewlnglournal adjusbl￿ts and uNsual tra￿¢110￿1. A further descripifjon of our responSU￿0t￿eS f¢r the autht ol the finandal statements Is IDCated FlnJnd•l Reportlng Cwndl's 4veb51te •L" Thi5 descript￿ fomis part of our audlt(¢s rewt. Alth•rd 81111n8hurst IS•nlwStstutryy P4MlQorl ft>r •nd on behawof KTh)xCropper LLP 65 Lèat1enhall StTee¢ London EC14 2 FELLOWSHIP OF sfJoHN (UK) TrU5r AssoaAnoN srATEMENT OF FINANCIAL AcnviriES INCLUDING ThE INCOME AND EXPENDrruRE ACCOiMT FOR THE YEAR ENDED 310ECEMBER 2023 No rIona￿0￿ and looades Investmth)ts 259.771 243.978 Tot 259J07 fvnds 14.451 22,540 417W3 Chorlt4ble A¢rMtles 421.399 Tot•1 435050 440343 Net galn5 and on hweslwts 301910 IL343.2291 In lunds 126.867 I1.5￿.550) FurKI balances at l J•nuiry 2023 8.389.6n 9.929,223 und •t Ji D•wib•r £8516XI £8389,673 The si•tement of flnanclal also txmplles T*lth the rewlrements lor •n Incorne •NI eXpend￿ure •¢¢￿nI under the Comwnles Ad X¥J6. All the abtye art15￿e$ rellect contlnuln8 acthttles. I movements In the Chafivs funds dull￿ theY￿r are reflected thro￿ the ststemÈnt olfinaTKlal attlvltle All the c￿rIt £8,930.595 £9.17S,262 As u￿aIned Fn note 15, In 2015 Investn￿ts In SGT. SHC and SSIE were tr•nsferTed to FSJ. Onty FSJ'S share of the movenwt In m•t*et value of flxed asset Irertstn￿s ts rtfiected through the Stwtement of Fhmnclal Artfvlths. The toial nK￿en￿t In market tnlue of In¥esTheThts was ¥ pin of E397.182 of wthith £94272 w45 dw8ed to SGT. SHC and SSIE to ajve net 8kn of£30UIO. In¥ertments at Value Comprised 3573.325 6215.910 Ib)Vtstec Wealth & Invest Sarasln and Pirtner5 5,658,684 5,367.287 É9.232,LJ)g £11,583.197 Wlthln the RaihlKW pwrfdlo. thffe was a of £3531.49l {2021" £3.450,1861 in the Rathbones Core Investrment Fund forCharit*5. FELLOWSHIP OF STJOHN (UK) TrUST AssoaAnoN NOTes TO THE Accouiifs FOR THE YEAR ENDED 31 DECEMBER 2Q23 by stslert￿od oftl* 110￿ Chkklholxl 60.476 57.174 Sundry debtors 14.065 Pr•paryts al￿ lrtome 2.128 213 £76.669 £59.387 Amounts o**d to St Tnjst 27.326 30.617 642.215 19,173 15,rMxJ £707,005 AffiDUrts to Sod•tyof St IOM the Evawtst Acuuats 15.753 65,LKK+ £791.383 L7 Fund fflry••m• Fwn Funds At l Jwu•ry 2023 Incorn1￿ rescwro5 esoui¢es expended Galn on knve51rn 36340 6,034.035 259.wl 1399,5101 2J19,298 8J89,673 259A07 143S.850) 302.910 £8,516.$40 136,340) 301910 At 31 E*cember 2023 £5m4.332 622,208 htnds Tot•1 At ljanuary 2022 6,179.741 244J)22 1389.728) 3.66U27 9.929.223 244.022 1440,3431 IL343.2291 389.673 RÈswfces expen¢led (50.6151 11.343.229) £1319.298 At 31 De¢ember2022 £36340 £6.Q34.035 17 FELLOWSHIP OF sr JONN (UK) TRUST AssoaATION NOTES TO ThE AccouNfs FOR ThE YEAR ENDED 31 DECEMBER 2023 I january 2023 TranslEr5 Resources 31 December eynded 2023 36X) 136,3401 £136,340) The funds frtyn the O•#4i• h•ve been (k5*nated by tre trustees to hjnour mln15try of SSJE •nd for fell8h￿S eduuti(m and fflnlslry to dahhen. Fund5 Yot•l 6553,054 1658.7221 £5.894.332 2,621208 9,175.262 165B.7221 £8,516540 N*t Current (la￿1111e$ At 31 Dacemkn 2023 £2.622.208 Funth In¥Ystments Net Current LlabYltle5 611,297 1577,2621 £6.034.035 2.319.298 8.930,595 1540,9221 £8,389,673 36J40 £36.340 At 31 L>e¢ember 2022 319,298 IS Rd•t•d partl•s The Fellowshlp of Stht John IVKI Trust Assodatlon bs a uxpora* truslee of ts* foll¢)wSry tharttles Ind had tlle followln8 Inter-compatry aCc￿nI tsalan￿ with them at 31 December 2023.. FSJ IUKI TA owed to St Ge￿,$ Tn￿t £27.326 12022: £30.6171- Note 11 FSJ IUKI TA (Med to The Sotth of S•irtt John the Ev•ry115t £683.304 12022: £6412151- NDte 11 FSJ IUKI TA b owe(I by the Sstefhood of the Itoly chMdI￿d £60.47612022'. £57.1741- Not• 10 The 1ran5ac1￿nS OISI GeorR¥sTm5t ISGT). The S(xthol 5t John the Evaryehst ISSJEI and Sthrhood of the Hoty Chlldhood1SHCI ère knttlalty nude on th•ir bohalf ty the Fellowshbp of St John IVKI Trust A5soclatlon and are 5ub5equeth transferred to the approprlate thawity throu8h tt* Intw