ALL HALLOWS FARNHAIVI
CHARITABLE TRUST
(LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Registered Company No.. 02925196
Registered Charity No.. 1041017

ALL HALLOWS FARNHAM CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Contents
Report of the Trustees
Report of the Auditors
Statement of Financial Activities
Balance 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 2025.
REFERENCE AND ADMINISTRATIVE INFORMATION
TRUSTEES
C l Anderson
M A Baines
P J Jukes
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 PIC
74 High Street
Alton
Hampshire
GU34 1EZ
INVESTMENT MANAGERS
Fundsmith
33 Cavendish Square
London
W1G OPW

ALL HALLOWS FARNHAM CHARITABLE TRUST
REPORT OF THE TRUSTEES (CONTINUED)
The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011 and
reporting by charities.. Statement of Recommended Practice applicable to charities preparing their financial statements
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102} (second
edition effective, 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The company was incorporated on 3 May 1994 as a company limited by guarantee and is a registered Charity. The
number of trustees is never less than three. The trustees may appoint new trustees as required and the secretary to
the Trust is appointed by the trustees, in accordance with the Memorandum & Articles of Association.
Trustees
The Trustees of the company, who are also the charity trustees, who served during the year and up to the date of
this report are as follows'.-
C Anderson
M A Baines
D Spare
P J Jukes
T J S McGinn
Secretsry
C S Antrobus
Risk Assessment
The Trustees have assessed the major risks to which the Trust is exposed, in particular those related to its
operations and finances, and are satisfied that there are controls in place to mitigate exposure to such risks.
Recruitment, induction and training of trustees
Existing trustees identify new trustees and one to one induction takes place with the Chair. Selective reading
material is provided to all trustees.
OBJECTIVES AND ACTIVITIES
The objectives of the Trust are the advancement of Roman Catholic religion and education and the provision of
education and educational facilities to All Hallows Catholic School in Farnham, Surrey {the School). The principal
activity throughout the year was managing the Trust's assets, leasing the Sixth Form Centre to All Hallows Catholic
School and continuing to raise funds for the benefit of the School.
Public Benefit
The trustees have given due consideration to the Charity Commission's guidance on public benefit when
considering the activities the charity undertakes. The provision of educational facilities at All Hallows Catholic
School is of benefit to the local community. The Sports Hall is hired out to clubs in the evenings and at weekends.
ACHIEVEMENTS AND PERFORMANCE
The rents received from the School, together with donations from parents of students at the Schoo5, covered the
cost of bank loan repayments. It was also possible to make donations to the 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 given on Page 7 of the financial statements. The Trustees consider the state
of affairs to be satisfactory.
Treasury management and investment policy
Investing the charitable 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-paty fund manager, which the Trustees
meet with periodically to review performance, income requirements and market trends.
Reserves Policy
The charity has free reserves, namely unrestricted funds not represented by fixed assets of £1,248,220 12024:
£1,225,517) at the year end. Its accumulated surpluses are being applied towards providing grants and for future
capital projects to benefit All Hallows Farnham 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 funds with the
aim of contributing towards the second floor of the St Thomas Aquinas building.
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 resources and application of resources,
including the income and expenditure, of the charitable company for that period. In preparing these financial
statements, 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 standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements 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 statements 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 irregularities.
So far as each of the Trustees is aware at the time the report is approved:
there is no relevant audit infomation of which the company's auditors are unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information 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
2w/,, /
2025 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 audited the financial statements of All Hallows Farnham Charitable Trust for the year ended 31 March 2025
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 their
preparation is applicab5e law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at ended 31 March 2025 and of the
charitable company's net movement in funds, including the income and expenditure, for the year then ended.,
have been properly prepared in ac¢ordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in a¢cordance with International Standards on Auditing (UK) {ISAs (UK}} and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the U K, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
Sections 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 information and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information 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 misstatement in the
financial statements or a material misstatement of the other information. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
OPINIONS ON OTHER MArrERS 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 the Trustees (which includes the Director's report prepared for the
purposes of company law) for the financial year for which the financial statements are prepared is consistent
with the financial statements-, and
the Directors, report included within the Report of the Trustees has been prepared in atcordance with
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 obtained in the course
of the audit, we have not identified material misstatements in the Report of the Trustees {which incorporates the
Trustees, 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 if, 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
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the infomiation 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
Trustees 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 give 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 charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or
have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, 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 if, 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 irregularities, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below=
Based on our understanding of the group 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 statements. We also
considered those laws and regulations that have a direct impact on the preparation of the financial statements such as
corporation tax, and sales tax.

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:
Inspecting correspondence with regulators and tax authorities.,
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., and
agreeing the validity of recognised receivables on a sample basis and challenging the recoverability
assumptions, further assessing for any fraud or bias.
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.or
. uklauditorsres
onsibilities. 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
l December 2025
Date..

ALL HALLOWS FARNHAM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Total
Unrestricted
Funds
2025
Total
Unrestricted
Funds
2024
INCOME AND EXPENDITURE
Notes
Income from:
Donations
186,920
93,549
Other trading activities..
Rental income
99,000
99,000
Total income
285,920
192,549
Expenditure on:
Charitable activities
209,161
288,064
Total expenditure
209,161
288,064
Net incomel(expenditure) befo￿ (losses)Igains on
investments
78,759
195,5151
Unrealised {losses)/gains on investments
(77,817)
152,733
Net movement in funds
(1,058)
57,218
Balances brought forward at 1 April 2024
1,723,642
1,666,424
Balances carried forward at 31 March 2025
1,722,584
1,723,642
All activities are continuing.
The accompanying notes form part of these financial ststements.

ALL HALLOWS FARNHAM CHARITABLE TRUST
Company Number: 02925196
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Tangible fixed assets
Investments
474,364
1,145,730
498,125
1,166,547
1,620,094
1,664,672
CURRENT ASSETS
Debtors
Cash at bank and in hand
28,276
85,630
38,913
30,557
113,906
69,470
CREDITORS: Amounts falling due
within one year
(11,416)
(10,500)
NET CURRENT ASSETS
102,490
58,970
NET ASSETS
1,722,584
1,723,642
UNRESTRICTED FUNDS
General Reserve
1,722,584
1,723,642
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.
Approved by the Board of Trustees and authorised for issue on
behalf by..
2025 and were signed below on its
M A Baines
Trustee
The accompanying notes form part of these financial statements.

ALL HALLOWS FARNHAM CHARITABLE TRUST
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 2025
a) Basis of Accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition,
effective 1 January 2019 - (Charities SORP (FRS 102}}, the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 1021 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 otherwise stated in the relevant accounting policy
note(s).
There were no critical areas ofjudgment or estimation used in preparing the financial statements.
b) Going concern
The trustees consider there are no material uncertainties about the charity's ability 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 concern for the foreseeable
future.
c} Income
All 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 earned entirely
within the United Kingdom.
d) Expenditure
The irrecoverable element of VAT is included with the item of expense to which it relates.
Charitable activities relates to costs incurred in delivering the charity's activities and services to its beneficiaries.
Governance costs are costs incurred in meeting the constitutional and statutory requirements of the charity.
e) Cash Flow Statement
The company has taken advantage of the exemptions provided by SORP {FRS 102) and has not prepared a
cash flow statement for the year.
Tangible fixed assets
Tangible fixed 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 Property
Furniture and Fittings
Life of the Lease
g) Investments
Investments are a form of basic financial instrument and are initially shown in the accounts at market value. Vvhen
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 difference
be￿een sales proceeds and their opening carrying values or their purchase value if acquired subsequent to the
first day of the financial year. Unrealised gains and losses are Calculated as the difference between 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 2025
h) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
i) Cash at bank and in hand
Cash at bank and cash in hand includes cash and amounts held in liquid bank accounts.
1> Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably resu It in the transfer of funds to a third paty and the amount due to settle the obSigation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due
k) Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised
cost with the exception of investments which are held at market value. Financial assets held amortised cost
comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for
which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank
accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except
accruals and provisions.
l) Taxation
The company is a registered charity and no tax is payable on its charitable income and surpluses re-applied
to its charitable purposes.
10

ALL HALLOWS FARNHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EXPENDITURE
Other
Costs
Total
2025
Depreciation
Charitable activities.-
Costs of operations
Governance costs
Grant to All Hallows Catholic School
48,027
1,344
6,750
153,040
49,371
6,750
153,040
48,027
161,134
209,161
Other
Costs
Total
2024
Comparative period
Depreciation
Chan-table activities..
Costs of operations
Governance costs
Grant to All Hallows Catholic School
47,284
1,812
6,251
232,717
49,096
6,251
232,717
47,284
240,780
288,064
The governance costs of the charity include only the auditor's remuneration costs recognised in the
year of £6,750 {2024'. £6,251) which takes into account a £Nil (2024= £49) recognition timing
difference whereby fees charged were £6,750 (2024: £6,300).
No remuneration was paid to any of the Trustees in the year (2024.. £Nil). No staff were employed
by the charity (2024= none).
FIXED ASSETS
Furniture
and fixtures
Centre
Total
COST
At 1 April 2024
Additions
945,674
19,305
9,951
4,960
955,625
24,265
At 31 March 2025
964,979
14,911
979,890
DEPRECIATION
At 1 April 2024
Charge for the year
447,548
47,779
9,951
248
457,499
48,027
At 31 March 2025
495,327
10,199
505,526
NET BOOK VALUE
At 31 March 2025
469,652
4,712
474,364
At 31 March 2024
498,125
498,125
The fixed assets are wholly used for the company'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 was completed in the year to 31 March 2015 and the costs incurred 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 2025
INVESTMENTS
2025
2024
As at l April 2024
Additions
Unrealised (loss)Igain
1,166,547
57,000
177,817}
938,814
75,000
152,733
As at 31 March 2025
1,145,730
1,166,547
The above investment holding is held fully as equity units with a historic cost of £810,000 12024..
£753,000}.
DEBTORS
2025
2024
Trade debtors
Other debtors
Prepayments
VAT receivable
9,900
17,077
1,299
9,900
18,362
763
9,888
28,276
38,913
CREDITORS: Amounts falling due within one year
2025
2024
Trade creditors
Social security and other taxes
Accruals
900
3,300
6,300
4,666
6,750
11,416
10,500
12

ALL HALLOWS FARNHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
SHARE CAPITAL
The company is limited by guarantee and as such has no issued share capital.
Each member's 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 included in trade debtors at 31 March
2025 (2024.. one month). A grant of £153,040 (2024: £232,717) was awarded by the Trust to All Hallows Catholic
School as a contribution towards capital works in the School.
Trustees donated £Nil (2024- £120) to the Trust in the year.
13

ALL HALLOWS FARNHAM CHARITABLE TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
FOR TRUSTEES INFORMATION ONLY
2025
2024
INCOME
Donations
Gift aid receivable
Rental income
169,843
17,077
99,000
75,187
18,362
99,000
285,920
192,549
EXPENDITURE
Professional fees
Sundry
Grant to All Hallows Catholic School
6,750
1,344
153,040
6,251
1,812
232,717
(161,1341
{240,780)
OPERATING SURPLUSI(DEFICIT) FOR
THE YEAR
124,786
(48,2311
Depreciation
{48,027)
{47,284)
SURPLUSI(DEFICIT) FOR THE YEAR
BEFORE
{LOSSES}IGAINS
ON
INVESTMENTS
76,759
(95,515)
Unrealised (lossesllgains on investments
(77,817)
152,733
(DEFICIT}ISURPLUS FOR THE YEAR
11,058)
57,218
This page does not form part of the statutory financial statements.
14