ALL HALLOWS FARNHAM
CHARITABLE TRUST
(LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
Registered Company No: 02925196
Registered Charity No: 1041017

ALL HALLOWS FARNHAM CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
Page
Contsnts
Report of the Trustees
Report of the Auditors
Statement of Financial Activltles
Balanc8 Sheet
statement of Accounting Policies
9-10
Notes to the Financial Statements

**ALL HALLOWS FARNHAM CHARITABLE TRUST** 

## **REPORT OF THE TRUSTEES** 

The Trustees present their report and audited financial statements for the year ended 31 March 2024. 

## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

**TRUSTEES** C I Anderson M A Baines P J Jukes J V Madden (resigned 28 November 2023) T J S McGinn D Spare **SECRETARY** C S Antrobus **REGISTERED OFFICE** All Hallows Catholic School Weybourne Road Farnham Surrey GU9 9HF **REGISTERED COMPANY NUMBER** 2925196 **REGISTERED CHARITY NUMBER** 1041017 **AUDITOR** HaysMac LLP Chartered Accountants 10 Queen Street Place London EC4R 1AG **BANKERS** HSBC Bank Plc 74 High Street Alton Hampshire GU34 1EZ **INVESTMENT MANAGERS** Fundsmith 33 Cavendish Square London W1G 0PW 

1 



ALL HALLOWS FARNHAM CHARITABLE TRUST
REPORT OF THE TRUSTEES (CONTINUED)
The flnanclal statements have b88n prepared In accordance with the Companl8s Act 2006. the Charttles Act 2011 and
reporting by charities- Statement of Recommended Practice appllcable to charities preparlng thelr financial statements
In accordance wlth the Financial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS102) (second
edition effectlve, 1 January 2019).
STRUCTURE. GOVERNANCE AND MANAGEMENT
Constltutlon
The company vms incorporated on 3 May 1994 as a company Ilmlt8d by guarantee and is a registered charity. Th8
number of Irust88s is never less than thr88. The trustees may apFK)int new trustees as requlred and the secretary to
the Trust Is appoint8d by the trustees. in accordance wlth the Memorandum & Arlicles of Assoclatlon.
Truste
The Trustees of the company. who are also the charity trustees, who served durfng the year and up to the date of
this report are as follows:_
C l Anderson
M A Baines
D Spare
P J Jukes
J V Madden (reslgn8d 28 November 2023)
T J S McGlnn
Secretary
C S Antrobus
Rlsk As$essmont
Due to the nature of its activities the specific impact on th8 company lias solely on the economy's impact on the
managed investment fund as set out in note 3. The Twstees have assessed the major risks to which the Trust is
exposed, in particular those related to its operations and finances, and are satisf18d that there ar8 contro15 in place
lo mitigate exposure to such risks.
Recrullment, Inductlon and tralnlng of trustses
Existing trustees Identlfy new trustees and one to one inductlon takes place wlth the Chalr. Selectfve readlng
material is provided to all trustees.
OBJECTIVES AND ACTIVITIES
The objectives of the Trust ar8 the advancement of Roman Catholic religion and education and the provision of
education and educational faciliti8S to All Hallows Catholic School in Famham, Surr8y (th8 School). Th8 principal
activity throughout th8 year was managing the Trust's assets, leasing th8 Sixth Forni Centre to All Hallows Catholic
School and continuing to raise funds for the beneflt of the School.
Publlc Benofft
The trustees have given due conslderatlon to the Charity Commission's guidance on public benefit when
consldering the activitles the charty undertak8s. The provision of educatlonal facllltles at All Hallows Cathollc
School Is of ben8fft to the local (x)mmunlty. The Sports Hall is hired out to clubs In the evenlngs and at weekends.
ACHIEVEMENTS AND PERFORMANCE
The r8nts received from the School, tog8ther with donations from parents of students at the School, cov8red the
cost of bank loan repayments. It was also possible to make donations to th8 School towards the cost of capital
improvements and equipment.

ALL HALLOWS FARNHAM CHARITABLE TRUST
REPORT OF THE TRUSTEES (CONTINUED)
FINANCIAL REVIEW
A summary of the results for the year is gtven on Page 7 of the financial statements. The Trustees consider the state
of affairs to be satisfactory.
Treasury management and investment policy
Investing the charitsble funds first took place in 2018119. There are no restrictions on the Charity's power to invest
The Charity's investments are managed day-to-day by Fundsmith, a third-party fund manager, which the Twstees
meet with periodically to review perfonnance. income requirements and market trends.
Reserves Policy
The charity has free reserves. namely unrestricted funds not represented by fixed assets of £1.225.517 (2023:
£1.121.015) at the year end. Its accumulated surpluses are being applied towards providing grants and for future
capital projects to benefit All Hallows Catholic School. The Trustees find the current level of reserves to be
satisfactory.
FUTURE PLANS
The Trust will make available to curriculum departments of the School matched-funding grants to enhance the
provision of education and support the aims and objectives of the School. The Trust will work to save fijnds with the
aim of contrtbuting towards a new English Library and Media Centre in the next few years.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the directors) are responsible for preparing the Report of the Trustees and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and of the incoming resour￿$ and application of resources,
including the income and expenditure, of the charitsble company for that period. In preparing these financial
ststements. the Trustees are required to.,
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP.,
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting stsndards have been followed. subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time of the financial position of the charitable company and enable them to ensure that the financial ststements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularib'es.
So far as each of the Trustees is aware at the time the report is approved:
there is no relevant audit infonrjation of which the companls auditors are unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant aud
infomation and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions relating to companies subject to the small
companies regime within part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on
5 December 2024 and signed on its behalf by
M A Baines
Trustee

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
ALL HALLOWS FARNHAM CHARITABLE TRUST
OPINION
We have audit8d the financial stst8m8nts of All Hallows Famham Charitable Trust for th8 year ended 31 March 2024
which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has been applied in thelr
pr8paration is applicab18 law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicab18 in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting PractiC8).
In our opinion, the flnancial statements..
giv8 a true and fair view of th8 State of the charitable company's affairs as at ended 31 March 2024 and of the
charitable company's net movement in funds, including th8 income and expenditure, for the year then 8nd8d'
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
and
have been prepared In accordanc8 With the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISA5 (UK)) and appllcable law.
Our responsibiltties und8r those standard5 are further described in the Auditorfs responsibilities for the audit of the
financial statements section of our report. We are independent of the Gharity in accordance with the 8thical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibilit18s in accordance with these ￿quIrements. We believe that the audit
evidence w8 have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditlng the financial stat8ments, we have concluded that the trustees. use of th8 going concem basis of accounting
in the preparation of the financial ststements is appropriate.
Based on the work w8 have Perfomied. we have not identif18d any mat8rial unc8rtaintl8s relating to 8V8nts or
conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as
a going concern for a period of at least ￿e1ve months from when the financlal ststements are authorised for issue.
Our responsibilities and th8 r8sponsibilities of the trustees with respect to going concern are described in the relevant
sedions of this report.
OTHER INFORMATION
The trustees are responsible for the other information. The other information comprises the information included in the
Report of the Trustees. Our opinion on the financial statements does not cover the other infonnation and, ex￿pt to the
extent othep4vise explicitly stated in our report. we do not express any form of assurance conclusion th8r80n.
In connection wlth our audit of th8 financial statement5, our re5ponslblllty Is to read the other InfOnna￿On and, in dolng
so. consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a material misststement in the
financial ststements or a material misstatement of the other infomiation. If. based on th8 work w8 have perfomied, we
conclude that there is a material misstatement of this other information, w8 are required to report that fact. We have
nothing to r8POrt in this regard.
OPINIONS ON OTHER MAThERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Report of th8 Trust8es (which includes the Directorfs report prepared for the
purposes of company law) for the financial y8ar for which the financial statements are prepared is consistent
with the financial statements. and
the Dir8Ctors' r8POrt included withln the Report of the Trustees has been prepared in accordance wlth
applicable legal requirements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
ALL HALLOWS FARNHAM CHARITABLE TRUST
MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charitable company and its environment obtsined in the course
of the audit. we have not identlfied material misstatements in the Report of the Trustees (which incorporates the
Directorfs report).
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us
to report to you rf. in our opinion:
adequate accounting records have not been kept by the charitable company," or
the charitable company financial statements are not in agreement with the accounting records and returns,. or
rtain disclosures of Trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit- or
the trustees were not entitled to prepare the financial statements in accordance with the small companies.
regime and take advantage of the small companies. exemptions in preparing the trustees. report and from the
requirement to prepare a strategic report.
RESPONSIBILITIES OF TRUSTEES FOR THE FINANCIAL STATEMENTS
As explained more fully in the trustees, responsibilities statement set out on page 3. the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they gtve a true and fair view, and for such internal control as the
trustees determine 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 statements, the trustees are responsible for assessing the charitsble company's ability to
conkn'nue as a going concern. disclosing, as applicable, matters related to going concem and using the going concem
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or
have no realistic altemative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives a￿ to obtain reasonable assurance about whether the financial ststements as a whole are free from
material misststement. whether due to fraud or error, and to issue an auditorfs report that indudes our opinion.
Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material rf, individually or in the aggregate. they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above. to detect material misstatements in respect of iffegularities, including fraud.
The extent to which our procedures are capable of detecting l￿egUlarlties, including fraud is detailed below:
Based on our understanding of the charitable company and the environment in which it operates, we identified that the
principal risks of non-compliance with laws and regulations related to the Companies Act 2006 and Charities Act 2011,
and we considered the extent to which non-compliance might have a material effect on the financial sL8tements. We
also considered those laws and regulations that have a direct impact on the preparation of the financial statements
such as sales tsx.

**INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF** 

**ALL HALLOWS FARNHAM CHARITABLE TRUST** 

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included: 

- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; 

- Evaluating management’s controls designed to prevent and detect irregularities; 

- Identifying and testing journals; 

- Challenging assumptions and judgements made by management in their critical accounting estimates. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **USE OF OUR REPORT** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

**…………………………………………………………………….** 

**Lee Stokes, Senior Statutory Auditor** For and on behalf of HaysMac LLP, Statutory Auditor 

10 Queen Street Place London EC4R 1AG 

## 9 December 2024 

Date: ………………………………………………… 

6 



ALL HALLOWS FARNHAM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 MARCH 2024
Totsl
Unrestrlcted
Funds
2024
Total
Unrestrlcted
Funds
2023
INCOME AND EXPENDITURE
Notes
Income from:
Donations
93,549
98.389
Other trading activities:
Rental income
99,000
99,000
T¢)tal Income
192.549
197.389
Expendfture on".
Charitable activtties
288.064
55,643
Total expendlture
288.064
55.643
Net incomel(expenditure) before gains on investments
{95,515)
141,746
Unrealtsed gains on investments
152,733
23,102
Net movement in funds
57,218
164.848
Balances brought forward at 1 April 2023
1,666,424
1,501.576
Balances carried forward at 31 Marth 2024
1,723,642
1,666,424
All activities are continuing.
The a￿MpanyIng notes form part of these financial statements.

ALL HALLOWS FARNHAM CHARITABLE TRUST
Company Number: 02925196
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible fixed assets
Investm8nts
498,125
1.166.547
545,409
938.814
1.684.672
1.484.223
CURRENT ASSETS
Debtors
Cash at bank and in hand
38.913
30.557
29,924
162.732
69.470
192.656
CREDITORS: Amounts falling due
within one y8ar
(10.500)
(10.455)
NEf CURRENT ASSErs
58.970
182,201
NEf ASSETS
1.723.642
1,666,424
UNRESTRICTED FUNDS
General Reserve
1,723,642
1,666,424
Approved by the Board of Trustees and authorised for issue on 5 December 2024 and were slgned below on Its
behalf by:
M A Baines
Trust88
The accompanylng notes fomi part of th8S8 flnanclal stat8m8nts.

ALL HALLOWS FARNHAM CHARITABLE TRUST
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 2024
a) Basis of Accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition.
effective 1 January 2019 - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless othemise stated in the relevant accounting policy
note(s).
There were no critical areas of judgment or estimation used in preparing the financial statements.
b) Going concern
The trustees consider there are no material uncertainties about the chartty's abilty to continue as a going
concern. The review of our financial position and reserves levels. particularly including the investment
portfolio, and future plans gives trustees confidence the charity remains a going concem for the foreseeable
future.
c) Income
Al income is included in the statement of financial activities when the charity is entitled to the income, it is
probable that income will be received and the amount can be quantified with reasonable accuracy. Income
received for the year is wholly attributable to the continuing activities of the company and it is eamed entirely
within the United Kingdom.
d) Expenditure
The irrecoverable element of VAT is included with the item of expense to which it relates.
Charitable aotivitses relates to costs incurred in deltvering the charitls activities and services to its beneficiaries.
Govemance costs are costs incurred in meeting the constttutional and statutory requirements of the Char￿Y.
e) Cash Flow Statement
The company has tsken advantsge of the exemptions provided by SORP (FRS 102) and has not prepared a
cash fiow statement for the year.
Tangible fixed assets
Tangible f￿ed assets are stated at cost. Depreciation is provided to write off the cost of fixed assets over their
estimated useful lives as follows:
Long Leasehold Propety
Fumiture and Fittings
Life of the Lease
20% per annum
g) Investments
Investments are a fomi of basic financial instrument and are initially shown in the accounts at market value. When
shares are disposed. any realised gains or losses on the disposal of shares is recognised in the Statement of
Financial Activities. Movements in the market values of investments are shown as unrealised gains and losses in
the Statement of Financial Activities. Realised gains and losses on investments are calculated as the drfference
be￿een sales proceeds and their opening carrying values or their purchase value ff acquired subsequent to the
first day of the financial year. Unrealised gains and losses a￿ calculated as the dIffe￿nCe be￿een the fair value
at the end of the year and their carrying value. Realised and unrealised investment gains and losses are
combined in the Statement of Financial Activities.

ALL HALLOWS FARNHAM CHARITABLE TRUST
STATEMENT OF ACCOUNTING POLICIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
h) Debtors
Trade and other debtors are recognised at the settlem8nt amount du8 after any trade dlstxiunt off8r8d.
Prepaym8nts are valued at the amount prepaid net of any trad8 discounts due.
i) Cash at bank and In hand
Cash at bank and cash in hand includes cash and amourrts held in liquld bank accounts.
J) Credltor8 and provlslon8
Creditors and provlslons are recognlsed where the Gharity has a present obllgatlon resultlng from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obllgatlon can be
measured or estimated reliably. Credltors and provisions are normally recognised at thelr settlement amount after
allowing for any trade discounts due
k) Flnanclal Instruments
Basic financial instruments ar8 initialty re￿nised at transaction value and subs8qU8ntty m8asured at amortlS8d
cost with the ex¢eptlon of investments which are held at market value. Financial ass8ts held amorti58d rx>st
comprfse cash at bank and in hand. together with trade and other debtors. A specific provision is made for debts for
which recoverabillty is In doubt. Cash at bank and in hand Is defined as all cash held in Instant access bank
accounts and used as v￿rkIng capltal. Flnanclal Ilabllitles held at amortised cost ￿mprise all credltors ex￿pt
aoLtu8ls and provlslons.
l) Taxatlon
The company Is a register8d charity and no tax is payable on its charitsble income and surpluses re-applied
to tts charitable purposes.
10

ALL HALLOWS FARNHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
EXPENDrruRE
Other
Costs
Total
2024
Depreclatlon
Cha17table activities."
Costs of operations
Interest payable on bank loan
Governance costs
Grant to All Hallows Catholic School
47,284
1,812
49.096
6.251
232.717
6,251
232,717
47.284
240,780
288.064
Other
Costs
Total
2023
Compardtlve perfod
Depreclatlon
Chantable act￿les."
Costs of operations
Interest payable on bank loan
Govemance costs
47.284
1,380
100
6.879
48.664
100
6,879
47,284
8.359
55.643
The governan￿ costs of the charity indude only the auditorfs remuneration costs recognised in
the year of £6,251 (2023: £6,879) which takes into account an £49 (2023.. £1,129) recognition
timing dtfference whereby fees charged were £6.300 (2023: £5.750).
No remuneration was paid to any of the Trustees in the year (2023: £Nil). No staff were
employed by the charity (2023: none).
FIXED ASSErs
6th Forni
Centre
Fumlture
and flxtures
Total
COST
At 1 April 2023 and at 31 March 2024
945,674
9,951
955,625
DEPRECIATION
At 1 April 2023
Charge for the year
400,265
47.284
9.951
410.216
47.284
At 31 March 2024
447,549
9.951
457.500
NEf BOOKVALUE
At 31 March 2024
498,125
498,125
At 31 March 2023
545,409
545,409
The ￿ed assets are wholly used for the CoMpan￿S charitable purpose. The leasehold properties are with All
Hallows Catholic School. On the 18 July 2014 a new 20-year lease was signed for the 6th Form Centre
which vrfas completed in the year to 31 March 2015 and the costs in￿1rred have been depreciated from
September 2014 when the building came into use.

ALL HALLOWS FARNHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENTS
2024
2023
As at 1 Aprfl 2023
Additions
Unrealised gain
938,814
75,000
152,733
827.712
88.000
23,102
As at 31 March 2024
1.166,547
938,814
The above Investment holding is held fully as equty units with a historic cost of £753,000 (2023..
£678.000).
DEBTORS
2024
2023
Trade debtors
other debtors
Prepayments
VAT receivable
9,900
18.382
763
9,888
9.900
19.310
714
38,913
29,924
CREDITORS: Amounts falling du8 Wlthin one year
2024
2023
Trade credltors
Social security and other taxes
Accwals
900
3,300
6,300
4,705
5,750
10.500
10,455
12

ALL HALLOWS FARNHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
SHARE CAPITAL
Th8 compary is limited by guarantee and as such has no issued share capital.
Each memberfs guarantee is limited to an amount of up to £1 per member.
RELATED PARTY TRANSACTIONS
A 20-year lease with All Hallows Catholic School for the 6th Form Centre commenced on 18 July 2014. Rent of
£8,250 per month is receivable for the life of the lease. One month's rent is induded in trade debtors at 31 March
2024 (2023.. one month). A grant of £232,717 was awarded by the Trust to All Hallows Catholic School as a
contribution towards capital works in the School.
Trustees donated £120 (2023: £0) to the Trust in the year.
13

ALL HALLOWS FARNHAM CHARITABLE TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THEYEAR ENDED 31 MARCH 2024
FOR TRUSTEES INFORMATION ONLY
2024
2023
INCOME
Donations
Gift aid r8ceivable
Rental income
75,187
18,362
99,000
79,073
19,316
99.000
192,549
197,389
EXPENDITURE
Professional fees
Loan interest
Sundry
Grant to Al Hallows Catholic School
6,251
6,879
100
1,380
1,812
232,717
(240,780)
(8.359)
OPERATING (DEFICIT)ISURPLUS FOR
THE YEAR
(48,231)
189,030
Depreciation
(47,284)
(47,284)
SURPLUS FOR THE YEAR BEFORE
GAINS ON INVESTMENTS
(95.515)
141,746
Unrealised gains on Investments
152.733
23.102
{DEFICIT)ISURPLUS FOR THE YEAR
(57.218)
164.848
This page does not fom part of the statutory financial stat8m8nts.
14