OF AS OCIATION FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIREcfoRS' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 A Company Limited by Guarantee Registered Company number 01830397 Re8lStered Charity number 289862 CONTENTS P• Dlrectors, report Independent audltofs report 8-10 Statement of Ilnanclal actlvltle5 li Bilance sheet 12 Notes to the accounts 13-19 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Dlrertors Revd Canon Grant NaWor Chairman of the Trust Revd Stephen Anderson Choim>on olFinonce Committee David Ballance Revd Canon Charlès Card-Rtynolds Revd Canon john Chamber5 Revd Andrew Malcolm Howaid Rilev Paula Spencer Admlnlstrntlvt Support Llnden Sheffièld Chlrtty number 289862 Comp•ry number 01830397 M•lllni Address 348 Hu8henden Gjrdens Village. Hughenden Boulevard. High Wy¢ombe HP13 5GH A•ilst•r•d Offk• 6>68 Leadenhall Stree( London EC3A 2AD Audlto Knox Cropper LLP Chartered Accountants 6>68 Leadenhall Stree( London EC3A 2AD •nkers Reliance 8ank Ltd Faith House, 2>24 Lovat Lane, London EC3R 8EB Solkttor4 Wedlake 8dl 71 Queen Victoria Stree( London EC4V 4AY In¥e5tmenl Ad¥lwrs Sara5in & Partners. 50 George Street, London WIU70Y FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Dirèctors present their report and accounts for the year ended 31 December 2025, which are also prèparèd to meèt the requirements for a Dirertors. report and accounts for Companies Act purposes. The accounts have been prepared in accordance with the accounting policies sèt out in note I to the accounts and comply with the company's memorandum and articles of association. the Charities Art 2011, the Companies Act 2 and Accounting and Reporting by Charitiès= Siatèrnent of Recommended Practice applicable to charities preparin8 their accounts in accordance svith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 second edition). CHARITY MERGER With effect froffl the 24° December 2024, the net assets of St Georges Tmst, The Sisterhood of the Holy Childhood and The Society of Saint john the Evangelist. were transferred to thè Fellowship of St John IUKI Trust Association IFSJI, and the assets of these trusts became restricted fvnds within FSJ. This will simplify the preparation of accounts and the inter-charity relationships. STRucfuRE. GOVERNAN￿ AND MANAGEMENT The company is registered a5 a charitable cornpany lirnited by guarantee. The Company Is constltuted under it5 Mernorandum and Articles and is 4 registered th•rity number 289862. The Dlre¢t¢r5 are also the Directors for the purposes of company law. New Oire¢tor5 are appointed by the company rnembefs at the AGM and serve until the next AGM, at which time thev pul themselves forward for rtrelection. The trust deed provides for a minimum of three Directors to a maximum of nine Dircctors. The Trust does not adlvely seek new lunds or en8a8e in lund raisn& but has been supported by a wlde membership of lay and ordained people in the "Fellowship of St John. These members work for the alms of the charlty through prayer, active support of the work and fellowship. The Board of Directors meets at least quarterly. The Dlre¢lors agree the broad strategy and areas of artI￿ty of the TrusL induding consideration of grants, in¥estment5, risk management and perfomiance. The doy-to-day administration of 8rants and the prIxes￿nI and handling ol applications prior to ¢onsideratSon by the Dlrectors 15 in the hand5 of the Adrninistration Officer. The Directors have a procedures manual. which fofmalisès contrds over Procedure5, including grants. payment authorisation and investments. Also included in the manual, are job descriptions for Directors, TIu5tee code of conduct. ¢onfli¢t of interest pc4icy and a policy for Director< expense On appointment, new Directorssiin a declaration, committing them togNing of their tlme and expertise. An induction pro8ramffle for new directors, includes an initial meeting with thè Chair to di5CUS5 issues of relevance to the charity, the history cf the charity and its charitable purposes. investments, the grant rnaking process and the r¢les and responsibilities of the board. New Dirertors are given a copy of recent board minutes, a copy of the most recent accounts, a copy of the 8overning trust deed and copies of the Charity Commisslon's 8uidance,'The Essential Trustee.. What You Need To Know" and"The Hallmarks of an Effective Charity" All Dirèctors give of their time freely and no remuneration was paid to fthrettors in the year. Directors are required to dis¢lose all relevant interests at each board meeting and. in a¢¢Ordan￿ with the Trust's policy. withdraw from decisions where a conflict of interest arFses. The charity's Directors have referred to the guidance in the Charity Commission's general guidano on Public Benefit when rewewing the charity'5 airn5 and objectives and in planning its futurè arti¥itbe5. In particular, they have considered how planned activities will contribute to the aims and obiÈctNÈ5 they have set. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 OBJEcfivES AND AcnvmES The Trust is engaged in missionary and èducational works for the ad¥antem*nt of the Kingdom of Christ as stated in the company's Memorandum and Articles of A550ciab"on, its governing documenL The Trust administers a group of charities a5$0ciated with the An8lican Reli8iOU5 Order of the 50¢iety of 51 John ihe Evangelist ISSJEI. Our mission statement. wsion and objectives have been le￿ntlY developed and seek to define us as a body and the nature of our mission to enable us to be'fit for purp05e' in the 21" Century. F5J M1s51on St•t*ment ng God... Strvinq ofhers.. frgnsfvrming lives" Mlssk*n V5slon Build up the body oJChrist by respLwJdAng to the needs of others Mlsslon Oblertl¥es Hove Gospel 4rlues ot its heart ond e*st topromote them Develop missi Reach out topeoe ucross tlje to tmnsjorm live5 Equip ond enoble others to develop their own ond others dixipleship GRANTS POLICI The principal artivity of the Trust Is the awarding of 8rants tovaTiOUS beneficiaries upon application and to ensure thal the Trust is able to make the best use of the finarKial resources available to support that actiwty. The poliry towards grants has its antecedents in SSJE. from which the Tr(tst emefgèd. SSIE was a monastic and missionary ¢ommynity where work was undertaken in parishes and mi55ional contexts in both Great Britsin and overseas, most notably in Southern Africa, West Indies, India and Japan. This informs the current grants policy. Specifiully, 8rants are awarded in response to wable •pplKations from: l. Parishes and mi5510n contexts In Great Britain and *y4erse45. endeavouring to enhance and develop their worshippin8 communitie& 2. Monaslic cornmunities, looking to devdop the Monastic life, especially for use in mission. 3. Anglican Theolceical houses. training communities and pastoral schemes provldin8 educadon, formètion and emperience to thost setking di¥*rnmeni for pritstty, dia¢onJl and lay ministry. 4. Those wishin8 to enrich their siyrituality in Affdlican Catholic contexts. A particular featuré of tht grants polity is tht willingness to support desiinated parishes and y£hernes over a number of years to build capacity and outreach. As such. there is a preferer￿¢ for supportin8 rninistry and people where the Trust can build conffidence in positive outccthes beini xhwed. Grant application5 are invited and considered on their merit if they meet the criteria. They are then approved by all the Directors rneeting togethèr. Dirèctors dedare any conllicts of interest, and if necessary, recuse themselves from participatin8 in thè relevant 8rant-makin¥ dtscussion and decision. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIREcfoRS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 AN OVERVIEW OF THE WORK OF THE TRUST IN 2025 The Directois met four times during the year as a board, to discharge bus1r￿sS, award grants and set the direction for the charity. In February 2025. wè met at Whalley Abbey for our annual residèntial and io undèrtakè visit5 to projects in the North West. We were joined by local visitors on the first n￿ht of the residential and by representatives of Save Thè Parish, a group advotsting for 8rÈatèr support to thè ILKal church in the Church of England, on the second night. The re=idential had more time freed up this year. Thi= I:.3: becau￿ the Directors had previourly resolved and have implemented a new system for setting the budget in Novembef 2024- based Oft 4% ofioial a55et5 as they Stand at the end of September. Freed from ha￿ng to agree a budget at the residential (partly retrospectively as the year has already begynl, this change gives the board more time to consider things in the round. We took lime to Study, in 50rne depth, the suggestion from the Finance Committee, thai we build in equity index tracker5 to the portfolio. Thi5 suggestion was adopted later in the year. This was the significant aspert of the board's work in 2025. 1 would like to take this opportunity to thank Fr Stephen Anderson and Davbd Ballance along other members of the finance ¢ommlttee for this. We hope that this will lead to 8reater returns in the futurt. The AGM took place in August in the beautiful surroundings of the Bar Convent in York. We were delighted to be able to have a Mass with Fr Nicholas Stebbing Cl Company Member, preaching for us. Thè board is committ*d tg rnakin¥ the AGM more than just reporting and thus it seerned appropriate to have the business in the context of a gatherin8 for Mass and good fellowship. It was noted that 2026 is %gnificant year for the Fellowship, as it is 160 year5 since the foundation of 5SJE. Plans were announced for a S￿nIfiCant ¢elebr41ion in Oxford on 4" July 2026. In November 2025, a new budget was set, which was slightty higher than the 2025 budget, but still in line with our 4% commitment. We believe that this approach will help us to maintain the worth of our assets and enable usto ¢ontinue to support the ¢hur¢h. wilh real v•lue into the fvture. Our full list of beneficiarie5 15 given in note 6. We have been greatly encouraged by the dNerse nature and quallty of application5 received. In 2025 we were able to 5UPPOrt over Irj) Projects and individuals with grants. Some interesting theme5 for the year include.. l. Support for w)uni people. There have been se¥*ral grants awarded to support the nurture and educate young people in the faith, not just in the UK but abroad as well. From the School support in India, to assistance to groups travellin6 to the Wa15ingham Youth Pilgfirnage, to the Tariro Project in Zirnbabwe. to children, families and youth worker5 in the UK. FSI has been a si8nificant investor in young people. 2. Promotlni de%ntton to 8ernard Mlzek5 Bernard is the prottrmartyr of southern Africa. Baptlsed by Fr Puller SSJE in Cape Town, he was commissioned as ) lay Evangelist and was martyred for his faith in Mashonaland Imodern day Zimbabwel in 1896. He hasa very stron8 following in southern Africa and we are very proud of our association with hiffl. We are investing in the development of the built environment at the Shrine and in connectlons b*￿eth us and them. In 2025 we sponsored company members Frs Clive lones and Kevin Smith. to make a visit to the Shrine. We sponsored Fr Luke Chigwanga from Zimbabwe. to visit the UK to build linkswith the Shrine of Our Ladv of waI￿nghaM. We also commissioned an English exhibition of the ¢artoons of Sl Bernard's life, produced by artist Peggy Delponiforthe bapii5try 5creenswe in￿alled in Si Philip'5 Cape town. The exhibriion toured Sheffield, Oxltsrd and 15 now at Notting Hill. Encouraiini Voutions. The Trust has rnaintained its support for the excellent work in promotin8 and nurturin8 vocations undertaken by the North London Pastoral Assistants Scheme and Pusey House, Oxford. We have also rnaintained our support for a scholar at St Stephen's House Oxford. Supportlni aeryy. The work of the St Georges Trust wthich gives grants to indlvidual clergy primarily for sabbatita15 continue5 to be very gratefvlty received. We have increased these grants from £350 to £SLMI per individual. There have been three international trips *Mth Revd Canon Naylor visiting projects in Zimbabwe and Fr Card-Reynolds in South Africa. The purpose of these visits is to further build relationships with our mission partners and to carry out due diligence, in understanding the nature of their work and governantt. We are keen to assess how money given oversees has been used and to ascertain how partners might benefit from turther funding. There has not been a visit to India for yjrne tirne and whi15t the Dirertors are aware of the need to make this happen. there are no plans as do so at the moment.. thi5 will continue to be r*￿ewed. The Trust is minded to currently engage in a safeguarding review of p)li¢y and procedure, which will conclude in mid 2026. The Trull is also reviewing reporring from overseas and a FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIREcfoRS' REPORT FOR THE YEAR ENDED 310ECEMBER 2025 number of Oirertors have recei￿ further trainiro on this. A5 Chairman, l am indebted to the hard work and diligence of our directors and Unden and David. who support us with the administration and with thè account& We look fO￿ard with confidence in what God's Grace will bring about this next year. FINANCIAL REVIEW The rèsult for thè year is disclosed in the Statement of Financial Actmties on page 11. This indicates a net increase in unrestrided funds of £67.016.12024 increase.. £478.6201. On the 24 December 2024. the net assets of St George's Trust, Sisterhood of ihe Holy Childhood and thè Society of St John the Evangelist were merged with thè Fèllowship of St john IUKI Trust and these fund5 are treated as restricted funds. Thè movement In rÈstrirted funds is dixlosed in note 13. D*Jring the course of the year, grants totallin8 £321,861 were awarded as per note 6. The purpose of the Trusfs reseMs poll¢y is to ensure that it is able to meet its obligations and finance Its planned fut¢Jre activities. As at 31 December 2025, the FSJE hold5 totsl re5erve5 of about £12.8m. The Directors acknowledge that thè FSJE'S reserves are highef than the minimum required for short-term operational security. The current level is considered appropriate for the following reason5'. FSJE is 501ely è Brant 8iwnB charity, which is reliant on its financial reserves to generate the retum to pay grant commitments. attend to governance and deal vmth administration. Risk management.. Reserves pro￿de proteclion against unfO￿$ten events, induding econorni¢ uncertainty, regulatory changè. or unexpectèd cost increases. The Directors are satisfied that hohling reserves at this level is prudent and ¢on5i5tent with their fiduciary duties. The investment managers are t4sked to achie* a return of CPl+4% over • five to seven year period. An annual budget of about £5(KJk, being 4% of overall,. a55et51S set, with the intention that about 7￿ is devoted togrant giving. Reseives of E12.5m- £13ffl in reol temis are needed therefore, to achieve this outcorne. If reserves are significantly reduced. then this will prejudi￿ the future level of the annual budget and hence the fulfilrnent of the charitable ¢bit¢ts. Inièrgenèrètional fairness requires the annual budget to be maintalned •t current levels. REVIEW OF INVESTMENT ACTIVITY The Dlrectors have set the Investment managers a target of producing total returns that a¢hleved CPI +4% over the long term. It is a demanding target because, if inllation runs at say 5%, then norninal investment returns will need to achieve 9% to reach this outcome. This measurement has been lurther refined by ihe •doption of a se¢ond•ry objective i￿Orporatin0 a composite index made up of 75% MSCI ACWI in sterling and 25% Global Government Bonds in sterting, as the ba￿5 of the performance comparison. This new perfomance objective. sel for all three managers now. more directly measures the value to be added by dls¢retionary portfolio management over and abovè thè comparator of passive index Ira¢kln8 funds. The dirertors wish to see a ju5tifi¢ation for the in¥estment feès beire paid. There We￿ quarterty meetlngs wlth eath manager, to review performance and individual stock Select￿n5. R•thbones In 2025. thè Rathbone Cort Investmènt Fund for Charitie& returned +4%. until the datè of dosurè on the 24 December 2025. Sarasln The Sara5in portfolio delivered a total return of +5.5% net of fees ovèr the year to 31 De￿rnber 2025, compared with the Trust's objective of CPI +4%. which equated to +7.4% over the period. Perfomiance was supported by strong returns from altèrnatives. particularly gold. while both fixed income and equities made positive contributions in absolute terrn5. Equity rnarket retums rernained highty concentrated. with lowtr quality and more Lyclital segrnent5 of the market outperforming. Thisenvironment proved chalkngingforthe portfolio's quality-focused equity allocation and detractèd from relativè pwformance. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION DIREcfoRS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Mclnroy& W￿d IM&WI For the tèn months in 2025, that M &W msnaged invèstmènt the rèturn w•$ 4.5%. Towards the end of the year. the Rathbones and Mtlnroy & Wood porttolios were liquidated because the Dirertors were not satisfied with thè performance and a decision wa5 madè to place the S￿A of the cash into a tracker fund with Sarasin and 5CPA into the Sarasin managed portfolio. The new portfolio retsin5 the Trust's CPI +4% return objective but gains its equity exposure through passi￿ index funds rather than active managers. This change was intended to reducè thè risk of further active equrty mana8er underperform•nce while also improving administrative efficiency and sirnplifying portfolio oversi8hL FINANaAL POLIC The Total Return Ac¢ountln8 pollcy adopted by the Trust formanyyears hasensured that grants have been maintained at pre•eMSstlng levels and we hope ai least to ¢Mtinut tha( in future. The Director5 are looklni to restore the Unapplied Total Return element of the insestment portfolio, which while increasing in nominal terms durin8 2024, when adjusted f￿ recent inflation, has in Teal terms fallen about 25% below the startsng level seen in 2015, when iwo investment m•nagers were appointed to man•8e the portfolio. For the fkbture. it is hoped that incremental increases will be possible in the quantum of funds available to support the PTov15ion of grants bul that is dependent on markets and the performance of the investment managers. ETHICAL POUCY We are gulded 8enerally by the Churth of England ethiol pollcy. The Dlrertors dosely monitor the integration of environrnental, social and governan¢e factors IESGI followed by our in¥estsnent managers to inforni thelr decision- making. RISK MANAGEMENT The Tiust has developed a risk management process which allow5 tht identification, assessment and managèment of significant risks. which may impart on the achievement of their objectives. The proce55 15 supported by a risk management policy, which oulline5 ihe rolesand responsibilities of DirectOfS and staff and followscharity ComMi￿1(>n 8uidelines. The board reviews the risk register and risk management arrangements at each meeting. Risks are priorit15ed u5in8 an agreed matrix. Major risk5, whith are subjert to monitorlng and revièw. reflect issues around operational, financial, legal and regulatory risks. Current areas of focu5 are ensuring investment returns are appropriate. The Finance Cornmittee review5 the investments quarterty and regularly meets with the investment managt¥s. The Directors have assessed the rnajor risks to whith the cornpany is exposed and they are confident that going forward, exposure to major risks will be mitigated. DISCLOSURE OF INFORMATION TO AUDITORS Each of the Directors has confirmed that there is no infomiation of which they are aware which is relevant to the audit, bui of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevanl information and to establish that the auditors are aware of such informatlQA. Thls report has been prepared in accordance wth the small tompanie￿ regime within Part 15 of the Companies Act FELLOWJrllP vr Ji JvnTh i Ru)1 A)x￿lATIo DIREcfoRS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STII.TEPO.EWT OF D!PEfTOQS' 4SOOP.IS181Jl Tlrs The Directors, who •re also the Dirertors of Fellowship of St John IUKI Trust As*)tiition for the purpose of company law, are responsible for preparing the Directors, Report and the accounts in a¢cordancewith applicable law and United Klngdorn Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel, including Finanaal Reporting Standard 102 Yhe Financial Reporting Standard applicablt in the UK and Republic of Ireland". Company law requires the Directors to prepare accounts for each financ•al year whith give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources inclLtrding the l)iOI?)¥ èliy YAk￿lId11￿￿¢, uf ttiy i114fitobiY ivfiiki•fiy fui tridt yè•1. Lifidtr Conhpai)tr Lèw thy DirY¥tiifS Iiiuit rivl aPPfOVé thè nnanclal siaiemènts unlèss ihèy afè saiisfled Ihat the¥ qlve ¥ true and falf *Aéw of thè statè of affalrs of the company and of the profit or10$5 of the company for that period. In Preparing these •ccount& the Directors are required to: select suitable a¢countin8 poliues and then apply theffl consistentty: obsèrve the methods and principles in the Charities SORP,. mtke judgements and estimates that are reasonable and pNdent; State whether applicable UK accounting standards have ￿en followed, subject ta any rnater5al departures disclosed and explained in the financial statèments,. and prepare the 4¢counls on the to1￿ concern ba515 unles5 it is inapprowiate to presume that the Company wlll continye in operation. The Directors are responsible for keeping adequ•té accoun￿n8 records th•t disclose with reasoftab￿ ac¢ura¢y al any time the financial posilion of the cornpony and enable thewn to ensure that the accounts comply with the Cornpanies Act 2C#J6. They are also responsible for safeguarding the assets of the company and hence lortaklThJ reasonable steps for the prevention and detect5Gn -f fraud and Gther irregularitiea. The report has been prepared in 4c¢ord•nce with the special provisions of Part 15 of the Companles Act 2￿6 relating to small companies. On behalf of the board of Directors Re¥d Canon GFant NaylGr Date: 4 2Q26 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FELLOWSHIP OF sr JOHN (UK) TRU5r ASSOCIATION FOR THE YEAR ENDED 31 DECEMBER 2025 Oplnlon We have audited the finanaal staternents of the Fellowship of St john (the 'charitsble companfl for the yeaf ended 31 December 2025 which comprise the statement of financial actiMties, the balance sheet and notes to the financial ststements, including a summary of significant accounting pjlioes. The finanaal reporting framework that has been applied in their preparation is applitable law and United knngdom Accounting Standards, indudin8 Financial Reportin Standard 102 The Financlal Reportingstandordapplicablein the UKandRepublicollrelond (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- 8ive a true and fair view of the state of the charitable companys affairs as at 31 December 2025 and of its Incoming resources and ap￿IcatIon of resources for the year then ended.. have been properly prepared in accordance with United ￿ngdorn Genèrally kcepted k¢ountin8 Prartlce,. and have been prepared in accordance with the requiremènts of the Companies kn 2rTh. Basts for oplnlon We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are furthèr desttibed in ihe Auditorf5 responsibilities for the audit of the financial statements strtion of our report. We are indepeiKlent ol the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the Ul including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirernent5. We believe that the audit evidence we have obiained is sufficieni and appropriate to Provide a basis for our opinion. Con¢luslons rel•tinito ￿1n1 coKern In auditing the financial statements. we have concluded that thè tlirertor< use of the going concern basis of accounting in the prepar•tion of the financial statements is Jppropriaie. Based on the work we have performed. ￿ have not identified any material uncertaintiès relatin8 to events or ¢onditlQn5 that, indiwdually or collectively, may cast significant doubt on the charitable companls ability to Continue as a going con￿rn for a period of at least h¥elve months from when the fin•ndal statements art authorised for issue. Our responsibilities and Ihe responsibilitiesof the Director5 Wlth respect to8oini concem are described in the relevant se¢tions of thi5 reporL Other Inforn)atk*n The other Information comprises the information included in the annual report, other than the financlal statements and our auditorfs report thereon. The Directors are responsible for the other information. Our opinion on the financlal statements doe5 not cover the other information and. except to the extent otheNi5e explicitly stated in our report, we do not express any form of assurance condusion thereon. In connection wth our audit of the financial statements. our responsibility is to read the othèr information and, in doing so, consider whether the other information is materially incon&stent wth the financial statements Of our knowledge obtained in thè audit or othèrwise appear5 to be materially misstated. If we identify such matèrial inconsistencies or apparent material mi55tatement5, we are required to determine whether there is a matsrial m1$5taternent in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we condude that there is a material misstatement of this othtr inft>rmation, we are required to report that fact. We have nothing to report in thi5 regard. FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF FELLOWSHIP OF sfJoHN (UK) TRusr ASSOCIATION FOR THE YEAR ENDED 31 DECEMBER 2025 Oplnlons on other matte15 pre*rlbed bythe Q>mp•nSes *£t 2W6 In our opinion, based on thè work undertaken in the course of the audit: the infomiation given in the Directorf report. which includes the directors, report prèpared for the purposes of company law, for the finanaal year tor whith ihe ffirtanuJl staiements are prepared is con%5tent with the financial staternents,. and • the directors, report induded within the Directorf report has been prepared in ¥cordJnce with appli¢4ble le8al requirements. M•tterson whkh we •re rewlred to report by exceptlon In the light of the knowledge and understanding of thecharitsble company and its en¥Aronment obtained in the course of the audit, we have not idèntified material misstatements in the directors, report induded within the DlrectOT< report. We have nothing to report in respect ol the following rnatter5 in relation to which the Companies Art 2CQ6 requires us to report to you if. in our opinion.. adequate accountin8 records have not been kep( or returns adequate for our audit have not been received from branches not visited by us,. or the ffinanci81 statements ¥re not in agreemènt with the accounting records and returns,. or certain disclosures of Directors. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit,. or • the Difectors were not entitled to prepare the finanaal statements in accordance with the small companies reuime and take 4dvants8e of the small companies, exemptions in preparin8 the Director< report and from the requirement to prepare a strategic report. Respon$5bllltles of D5rertors As explained more fully in the Dirertorf responsibilities statement, the Directors (who are also the director5 of the ¢haritable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair ￿tw. and for such internal control as the Directors deteimine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial Siatements, the Dirertors are reswnsible for a55e55in8 the companvs ability to continue as a goln8 concern, dlsdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Dirertors either intend to liquidate the company or to cease operations or have no realistic alternatlve but to do so. Audttorfi responsfollltles forthe iydlt of the fin•n¢lal stst¢ments Our obRdives are to obtain reasonable assurance about wthether the finanaal ststements as a whole are free from matèrial mi55tatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in attordance with ISAS IUKI will always deted a material misstatèment when it exists. Mi5Statements can arise from fraud or error and are considered material if, individually w in the aEEre8ate, they coukl reasonably be expected to influence the economic decisions of user5 taken on the basis of these financial statements. Irre8ularities, including fraud, are instances of nonwmort Restrkted nd% Fund Funds 2025 Total 2024 Tot•1 Income fYonK' Donations and legacies Investments 14.740 14,7410 275.403 210,036 65,367 258.841 Total 210,036 .107 290.143 258,841 Exp•ndfunts falllni th• wfthln one yoar 2025 2024 Accruals 15,215 77,UM) 19,152 82,3LXI Grants payable £92.215 É101.452 13 Fund movemerti R•strkted Endovfft•nt fvnds Funds Income Funds Re¥•￿•t￿n Reser¥ Total At I january 2025 Incoming resources Resour￿5 expended Gain on investments 1,993,145 80,107 17L9791 37.850 L702,514 5,718,438 3,276,722 I2.6￿.819 210.036 1415.2401 Is￿,143 1487,2191 356,940 46.870 272,220 £3,548,942 At 31 Decernber 2025 £2.039.123 £L749,384 £5,513,234 É12,850,683 Prfor ￿￿T Restrkted Endowment funds Funds Income Funds Re¥•￿•tIOn R•s•r¥ Total At l January 2024 In¢ornin8 resources Resources expended Gain on investments 5,863,150 2,653,3￿7 8.516.540 258.841 1403,5531 258,841 1403,5531 623,332 3,695.659 623,332 Net assets transferred 1.993,145 £1.993.145 L702,514 £L702,514 At 31 December 2024 £5,718,438 £3,276,722 £12.690.819 As explained In not* 4. thè assets of the Society gf St John the Evan8elist ISSJEI, were transferred to the Fellowship of St John IUKI Trust on the 24 De¢ernber 2024. The assets transferred, induded £1.702.514 which afe held in a permanent endowment fund. The endowment is investÈd as part of the charity's investment portfolio in accordance with the Charity inveslment policy and the net income from the endowment is added to the SSJE reslricted fund. 18 FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 13 ￿nd ThJ¥ements Icontinuedl Amlysls of fr*strlrtedfvnds tunynt ￿ar G•ln5llosse5 Incom5ni Re￿urceS on At resources expended Investment> 3VIV202S At OVOV2025 St George's Trust 942,059 19.764 145.0261 25.616 942,413 The Society of St John the Evangelist Sisterhood of the Holy Child 676.466 716,239 374,620 9,439 115,8221 12,234 3￿,471 £1,993,145 J,107 £171,979) £37,850 £2,039,123 The purposes of the lunds are as follows.. St Georyds Trnst is to aid and further the work at home and abroad of the Churth of England and of churches in communion with the Church of EnglaThl, in such a manner a5 the Trustee shall in its sole and unconstrained discretion think ffit. The Soclety of St John the E￿Trie1￿t is to aid rni55ionary works and education for the advancernent of the Kingdom of Christ. Slsterhcod of the Holy (hlldlM)od is for pyomotion of religion by the teaching of thildren in elementary schools in connectlon with the Chur¢h of England. in such a manner as the Trusteè shall. in its role and unconstrjined discretion, see fit. 14 An•tysli of n•t •siets between funds Income Fund5 Re¥aluatlc*n Re5eNe5 Funds Fund5 Tot•1 InvestrnentS 1,749,384 L298,777 740.346 6,245,287 1732.0531 £5.513,234 3,548,942 12,842,390 Net Current assets 8,293 £3,548,942 £12,850,683 At 31 December 2025 £1.749.384 £2.039,123 Prfor Endowment Re5trkted Funds Funds Incoffle Funds R￿luatIOn Resèrves Tot•1 Investments 1,702,514 1,109,833 6,577,110 1858,6721 £5,718.438 3,276,722 12,666,179 Net Current a55ets 883.312 24,640 At 31 December 2024 EI,702,514 El,993,145 £3,276,722 £12.6￿,819 IS Related p•rt5es The Revd Canon Grant Naylor is the thair of St Matthev/s PCC, which was in receipt of a grant for £15,(￿ to fund a nursing project. (note 61. In addition, the Revd Canon Grant Naylor was the chair of St Matthews House Ltd trading as the Art House. who were commissioned to undertake some work for the Mizeki exhibition at a cost of £12.391. The Revd Canon Grant NaWor played no part in the application for funding and withdrew from the board meeting, when the grant approval was made. 19