ST ANDREW HOLBORN & STAFFORD'S CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Registered Charity No. 1095045
KNOX CROPPER
Chartered accountants

ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
We present our report and financlal statements for the year ended 31 December 2024.
WHO WE ARE
The St Andrew Holborn Charlty and Stafford's Charity were brought together at the beglnning of 2018 to form
the new united St Andrew Holborn and Stafford's Charity. The new Charity is the successor to a long line of
charities with thelr roots in some cases reachlng back to the 1300s. What all those charities had in common
was a recognition that some people need more support than others and a desire, through Christlan charity, to
help them.
WHAT WE DO
The object of the Charlty is the relief elther generally or individually of the beneficiaries resident In the following
areas of beneflt; i) the ancient parish of St Andrew, Holborn; 2) the parlshes of St George the Matyr and St
George Bloomsburyi 3) the parish of St Pancras and that part of the parish of Holy Cross, Cromer Street which
is to the south of Euston Road; and 4) the CÉty of London and that part of the ancient parish of St Andrew
Holborn outside the Ilmits of the Clty.
We alm to continue the traditlon of the charltie5 that have gone before us by helplng individuals who Ilve
wlthin our area of benefit and who need some extra support. We offer this help on the basss of need and
irrespectlve of background or rellgious belief.
We alm to help Indlvldua15 in two ways:
by buying energy efflclent appIsan￿S and other household goc*Js to help them and thelr famlly- these
mlght Include washlng machlnes, cookers, fridge-freezers, beds and mattresses or carpets
In a limited number of special cases, by maklng an annual cash awardi paid ￿lCe a year, to supplement
thelr household income
We also support organlsatlons that promote inclusion and community cohesion withln our area of beneflt.
Our plans for the future
We plan to contlnue to develop and improve our grant maklng in order to make the most effectlve use of the
resources avallable to us. We wlll contSnue to revlew our systems and worklng practices and monitor our
performance agalnst the Charity's objects.
WHERE OUR INCOME COMES FROM AND HOW WE SPEND IT
Our Income comes from generous gifts that local people have made In the past to help local people. These
gifts have been carefully Invested and managed over the years and In 2024 gave us an income of £747,937
(2023: £724,079).
In 2024, we made grants and annual awards totalllng £671,804 (2023: £548,927).
HOW WE HELP- ACHIEVEMENTS AND PERFORMANCE
Public benefit
In carrying out our work and preparing thls report, we have had regard to the Charity Commission's public
benefit guldance.
We aim In making our grants to Indlvlduals to help improve life for the very poorest and those In greatest
danger of being or feeling excluded from the community in our area of benefit. It may not be immediately
obvious how providlng a washing machine or a cooker or a tsble can help to Improve life beyond simply maklng
Ilfe easier. However, a washlng machine can mean that a family can spend more time together and that
children can attend school with clean clothe5 and not be stigmatised. a cooker that they have the capaclty to
cook healthier meals rather than rely on costly convenience food. and a table that they can sit down to eat
together or have somewhere to work, do homework and so on.

Pa(Je | 2
ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
HOW WE HELP- ACHIEVEMENTS AND PERFORMANCE (contlnued)
We make grants to organlsatlons that alm to support as many people as possible to access setvlces and
actlvitles that mlght otherwise be difficult for them to access and will help them participate in and contribute
to the local communlty and society more generally.
2024
The poorest In our communlty have On￿ agaln been hardest hit by circumstances beyond thelr control during
the cost of livlng crisis and we continue to do what we can to help those in greatest need of our assIstan￿.
At the beglnnlng of the year, we decided to use substantial cash reserve5 to offer three-year funding for the
appolntment of three caseworkers. After competitlve biddlng and 5ntervlews, we agreed to fund caseworkers
at The Mary Ward Legal Centre, Citlzens Advi￿ Camden and Age UK Camden. We hope that this approach
wlll Increase our reach and enable us to help the people who Ilve In our area of benefit and who need extra
support in a way that we cannot do directly ourselves. Be￿een them, these charltle5 wlll be able, for example,
to offer advlce on debt relief or restructurlng debt, Identlfylng and applying for benefits or additlonal Ilving
support and advice on landlord issues including property disrepair.
During the year, we received 126 grant applications (2023: 129), which resulted by the end of the year In 120
grants belng made to 114 households or individuals (2023: 119 and 117 respectlvely). As in previous years,
the grants we provlded were for household Items (white goods In particular, but increaslngly also for flooring),
clothing and educatlonal needs.
In another difficult year for many of the people and organisatlons within our area of beneflt, grants totalled
£671,804 (2023; £548,927). Thls comprlsed £113,700 (2023; £126,525) in annual award5 and termly grants;
£63,795 (2023.. £66,599) In Indlvldual or household grants; and £494,309 (2023: £355,803) to organlsations.
Annual awards are for £750 per recipienti pald half In May and half In November. At 31 December 2024 there
were 154 reclplents (2023; 165), Temily grants are pald to families with one or more children wlth a disabillty
and are pald In Instalments three tlmes a year at the start of the School term and are pald on a scale between
£450 and £750 a year depending on the needs of the child. In 2024, £2,100 (2023: £2,100) was awarded In
termly grants.
There is a slgnificant number of hostels and refuges within the Charity's relatlvely small area of benefit, We
awarded a block grant to St Mungo's for use in all the hostels they run In our area of benefit to be administered
by key support workers to support individuals. We contlnued to recelve appllcations from key supporf( workers
on behalf of residents of other hostels (including for move on costs for independent Ilvlng) at a steady rate
and we agreed grants totalling £5,750 (2023: £5,750).
We contlnued to work closely with social and health support workers from the local authorlty and NHS Trust5
to ensure those who are not ellgible for social funding or whose needs exceed statutory 5UPPOrt may receive
some asslstance. These cases often requlre extraordinary grants beyond the usual £500 maximum and help
the more vulnerable living within the Charity's area of benefit.
Our area of benefit overlaps in part with those of St Giles & St George Alms and the St Pancra5 Welfare Trust.
We work wlth these charities in order to direct additional support to those individuals and families who are In
m05t need of it. In 2024 we administered funding amounting to £3,120 (2023: £3,651) on behalf of St Glles
and St George Alms and £3,728 (2023: £4,430) on behalf of the Sl Pancras Welfare Trust, included in the
total.

Paoe 13
ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Results for the year
During 2024, the Charity returned net income of £1,130,888. Excluding net galns on Investments of
£1,128,253, the Charity achieved net income of £2,635. At the year end, balance sheet resources had
Increased from £18,691,243 to £19,822,131. These a￿ represented by endowment funds of £15,297,321,
restricted funds of £4,276 and unrestricted funds of £4,520,534.
Investments
At the end of the year, income from investments was up at £742,762 (2023: £720,746).
Reserves
At 31 December 2024 unrestricted funds were £4,520,534, of which £335,836 were deslgnated by the
Trustees, meanlng reserves were £4,184,698.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Law applicable to charities in England and Wales requ1￿$ trustees to prepare flnanclal statements for each
financlal year whlch glve a true and fair view of the state of the charity's financlal actlvStles during the year
and of its financial position at the end of the year. In preparing those flnanclal statementsi giving a trLJe and
falr vlew, trustees should follow best practlce and..
selett suitable accounting policles and apply them consistentlyi
obseNe the methods and prlnclples in the Charltles SORP
make Judgments and estlmates that are reasonable and prudent;
state whether appllcable accountSng standards have been followed subject to any material departU￿S
dlsclosed and explained In the financial statements;
prepare financlal statements on the going con￿rn basls unless it Is Inappropriate to presume that the
Charity wlll contlnue to operate.
Trustees are responslble for keeping proper accounting records whlch dlsdose wlth reasonable accuracy at
any time the financSal position of the charity and whlch enable them to ensure that the financial ststements
comply wlth relevant legislation and the trust deed. They are also responsible for safeguardlng the assets of
the charlty and hence taklng reasonable steps for the p￿ven￿On and detection of fraud and other Irregularltles.
Governance and adminlstrative detalls of the Charity are to be found on pages 4-7 of thls report.
Approved by the Trustees and signed on thelr behalf by:
The Rt Revd lonathan Baker
Chairman
Date: 16 June 2025

Page 14
ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustees are appointed in accordan￿ wlth the governing document taking into account any skills gaps. Inltial
meetlngs are held wlth the Chalrman, fellow Trustees, the Clerk to the Trustees and the Grants Officer. The
appointment of co-opted Trustees is approved at a meeting of the full Trustee board. One new Trustee was
nominated by the City of London Corporation and two new Trustees were co-opted during the year to flll
vacancies and to meet specific needs.
New Trustees are mentored by an existing Trustee and are provided with a Trustee flle, whlch includes a copy
of the governing document, a copy of the latest annual accounts and a copy of CC3 The Essentlal Trustee
publlshed by the Charlty Commlsslon. All Trustees have the opportunlty to accompany the Grants Officer to
meetings and appointments with prospective beneficiaries of the Charlty and have the opportunity to attend
trustee tralning.
Policy Is set by the Trustees, Resp)nsibility for operational dellvery Is delegated to the Clerk to the Trustees.
The Trustees met on three occaslons durlng the year.
The Charity, Its sister charities at St Andrew Holborn (Bromtleld's Educatlonal Foundatlon, the St Andrew
Holborn Church Foundation, Parlsh Estates Charity and Lady Elizabeth Hatton's Charlty) and St Andrew Holborn
Tradlng Ltd have delegated to the Finance and Investment Committee the revlew of flnancial and Investment
matters, The Finance and Investment Committee met tw1￿ during the year.
The Grants Officer carrles out the day-to-day adminlstratlon of the Charlty. Wlthln this role the Grants OffI￿r
meets Individuals and representatives of local organlsatlons to provide background informatlon to the Trustees
regardlng the needs of the area. In additlon, the Grants Off￿er liaises wlth other grant glvlng organlsatlons
within the area of benefit and the surroundlng area to share best practi￿. Her work Is overseen by the Clerk
to the Trustees.
The Charlty carrles out Internal reviews and where necessary appoSnts professlonal advisors to adv15e on the
Charity's strategles. The Trustees consldered the outcome of a review of the flnanclal clrcumstances of Annual
Awardees and wlll take a declslon as to the future of the annual awards durlng 2024.
The Charity has joint contracts of employment wlth Its 4 slster charltles at St Andrew Holbom, and with St
Andrew Holborn Tradlng Ltd. Employment costs a￿ shared on a tlme spent basls. The Flnance and Investment
Commlttee reviews salarles on an annual basis and consKlers these In Ilne wlth slmllar organisatlons.
The Trustees are very aware they rely on the support of the dedicated and hardworklng staff to dlscharge
thelr responslbilities for the smooth running of the Charity. They are partlcularly grateful for the support
provided by Anna Paterson in her role as Grants Officer.
Risk management
The Trustees have given consideration to the major risks to which the Charity is exposed and 5atlsfied
themselve5 that systems and procedures are established in order to manage those risks, Risks are revlewed
annually.
The Trustees have recognlsed the risk to the Grants Offi￿r when visiting grant applicants alone. The Trustee5
continue to monitor this risk. The Grants OffI￿r is encouraged to attend lone worker training and regular
revlews are carried out.
The Trustees are aware of the risk In respect of the volatlllty of Investment income restrlcting the ability to
alleviate need in the area of benefit. The Finan￿ and Investment Committee formally meets the Investment
Managers twice a year. The Charity has adopted a balan￿d investment strategy wlth a medlum risk toleran￿.

Page 15
ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
srRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Investment Policy
The Trustees, Investment objective is to achieve a balance between sustainable levels of income and capital
growth In order to preserve the value of the funds in real terms over the longer term. The portfollols managed
on a total return basis.
The Trustees are committed to responsible investment and take into account envlronmental, soclal and
governan￿ issues. Our exposure to Investments in assets limited under guidellnes issued by the Church of
England's Ethical Investment Advisory Group Is monitored regularly by the Finance and Investment Committee
in discussion with our Investment managers,
Sarasln & Partners LLP manage the bulk of the Charity's investments as part of the Sarasln Endowments Fund
Class A Inc. The Charlty also holds a small investment in the Property Investment Trust for Charlties (prrcH)
managed by Swlss Life Asset Managers UK Ltd and a second, larger, investment in prrcH whlch forms part of
the permanent endowment. A further investment is managed a5 part of M&G Equltles Investment Fund for
Charltles (Charlfund).
Reportlng 5s quarterly and the overall Investment portfolb Is reviewed tw[￿ a year by the Flnance and
Investment Q)mmittee.
Reserves Pollcy
The Trustees aim to achleve a balan￿ be￿een generating a sufflclent Income to support the ongolng activitie5
of the Charity whilst malntalnlng the real capltsl value of the investments over the longer term.
The St Andrew Holborn and Stafford's Charity has substantlally endowed funds and income from those funds
supports the Trustees, objectlves. The Trustees have recognised In thelr rlsk register the potentlal for loss of
Income arising from volatlllty In Investment markets and they therefore malntaln a level of reserve5 sufflclent
to meet their expected future commitments, together wlth an element of contingency provislon against any
significant, unforeseen need.
GRANT MAKING POLICY
Grants to organlsations
The Charlty awards grant to organlsatlons working wlth peop￿ wlthin the area of benefit and providing relief
of need. All appllcants are vlsited by the grants officer whose assessments and recommendations are
considered by two Trustees for grants up to £1,500 and at a full meeting of the Trustees for grants over
£1,500.
All organisations that are In recelpt of a grant from the Charlty provide an evaluatlon measuring the success
of the project at the end of the period to which the grant related. These are revlewed and monltored by the
Trustees to ensure that funds granted to the project have been taryeted within the area of beneflt and applied
as agreed.
Grants to Indlviduals
People eligible for grants are those living In the area of benefit who can prove that the items provided wlll
improve the quality of their lives. All applicants are assessed by the Grants Offi￿r who carries out a home
visit. Proof of income Is requlred and tho* with a low income are el￿31ble for a grant.
For education grants proof that a person Is a bona fide student is required. There Is no age Ilmit for a grant
and these are provided to students on low income. Grdnts are awarded for book5, laptOP5 and subslstence.
All recommendations by the Grants Offi￿r for grants and awards are considered by two of the Trustees.

ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (contlnued)
Annual awards are awarded to the long term Sick or those with a chronic illne55 who are on a low weekly
Income I,e. using guidelines in the region of less than £75 (for a slngle person) or £120 (for a couple). In 2024
the beneflclaries received £375 in May and £375 in Novemker. At 31 December there were 154 people in
recelpt of annual awards. Termly grants are awarded in a very small number of cases to famllles with children
with additional needs. The amount awarded varies accordlng to need, but does not exceed £750 a year, At 31
December there were 4 families in receipt of termly grants. Both annual awards and termly grants are audlted
annually.
ADMINISTRATIVE DETAILS
St Andrew Holborn and Stafford's Charity Is a registered charlty governed by a Trust Deed. It Is registered
with the Charity Commission under number 1095045. The Charlty's offI￿S are at 5 st Andrew Street, London
EC4A 3AF.
Trustees
ex officlo
The Rt Revd Jonathan Baker, B5shop of Fulham
Mr Paul Weston
The Revd Chrlstopher Smlth
The Revd Jamle Haith
Nomlnated
Cllr Naslm All, OBE
Mr Paul Martlnelli
Co-opted
Mr Neil Anderson
Mr Davld Ballance
Mr Jeremy Simons, OBE
Offlcers
Clerk to the Trustees
Grants Officer
Guild Vicar St Andrew Holborn (Chalrman)
Churchwarden of St Andrew Holborn
Incumbent of St Alban the Matyr
Incumbent of St George the Matyr
Nomlnated by the London Borough of Camden
Nominated by the City of London Corporation
Mr Nicholas Hills
Mlss Anna Paterson
Principal advisers
Investment managers:
Sarasln & Partners LLP
Juxon House
100 St Paul's Churchyard
London EC4M 8BU
Swiss Llfe Asset Managers UK Ltd
55 Wells Street
London WIT 3PT
M&G Investments
10 Fenchurch Avenue
London EC3M SAG

ST ANDREW HOLBORN & STAFFORD'S CHARITY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Auditors:
Knox Cropper LLP
65 Leadenhall Street
London EC3A 2AD
Bankers:
Lloyds Bank plc
Holbom Circus Branch
London ECIN 2HP
Solicltors:
Charles Russdl StEechlys LLP
5 Fleet Pla
London EC4M 7RD

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE ST ANDREW HOLBORN & STAFFORD'S CHARITY
Opinion
We have audited the financial statements of St Andrew Holborn & Stafford's Charity (the 'charity? for the year
ended 31 De￿rnber 2024 which comprise the statement of financial attivltles, the balance sheet, the
statement of cash flows and notes to the financial statements, includlng a summary of significant accounting
policies. The financial reporting framework that has been applied In thelr preparatlon is applicable law and
United Klngdom Accounting Standards, including Financlal Reporting Standard 102, the Financlal Reporting
standard appllcable in the UK and Republtc of Ireland (Unlted Kingdom Generally Accepted Accounting
Practice).
In our oplnion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31st De￿mber 2024 and of Its
Incoming resources and application of resources for the year then ended.
have been properly prepared in accordan￿ with Unlted Kingdom Generally Accepted Accountlng
Practice; and
have been prepared in accordan￿ with the Charitles Act 2011.
Basls for oplnlon
We conducted our audit In accordance with International Standards on Audltlng {UK) (ISAS (UK)) and
appllcable law. Our responsibilities under those standards are further described In the Auditor's responslbilities
for the audit of the financial statements section of our report. We are Independent of the charlty In accordance
with the ethical requlrements that are rdevant to our audit of the finanaal statements In the UK, Includlng the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibllities in accordance with these
requirements. We believe that the audit evidence we have obtalned Is sufficient and approprlate to provide a
basls for our oplnlon.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the golng concern basls of
accountlng In the preparation of the financial statementsls appropriate.
Based on the work we have performed, we have not identified any materlal Un￿rtaIntieS relatlng to events or
condltions that, indlvidually or collectively, may cast slgnlficant doubt on the charity's ablllty to continue as a
going concern for a period of at least ￿e1ve months from when the financial statements are authorised for
Issue.
Our responsibilities and the responsibilitles of the trustees with respect to golng concern are descrlbed In the
relevant sections of this report,
Other information
The other information comprises the information included In the annual report, other than the flnanclal
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our oplnion on the flnancial statements doe5 not cover the other Information and we do not express any form
of assurance condusion thereon.
In connection wlth our audlt of the flnanclal statements, our resp)nsibility is to read the other information
and, In doing so, cons5der whether the other information is materially inconsistent wlth the flnanclal statements
or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
materlal Inconslstencles or apparent materlal misstatements, we are required to detemiine whether there Is a
material mi55tatement in the financial statements or a material misstatement of the other Information. If,
based on the work we have performed, we conclude that there is a material misstatement of thi5 Other
InformatSon, we are requlred to rep)rt that fact. We have nothlng to report In this regard.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE ST ANDREW HOLBORN & STAFFORD'S CHARITY
Matters on which we are requlred to report by exception
We have nothlng to report In respect of the followlng matters In relation to which the Charltles (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinlon:
the information given in the financial ststements is inconsistent In any materlal respett with the trustees,
report; or
sufflclent accountlng records have not been kept; or
the flnanclal statements are not in agreement with the accounting records. or
we have not received all the Information and explanations we require for our audlt.
Responslblllties of trustees
As explalned more fully In the trustees, responsiblllties statement ￿t out on page 3, the trustees are
responsible for the preparation of the financial statements and for being satlsfled that they give a true and
fair vlew, and for such Internal control as the trustees detemiine Is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
In preparlng the financial statements, the trustees are responsible for assessing the charity's abillty to continue
as a going concern, disclosing, as applicable, matters related to golng concem and uslng the going concern
basls of accountlng unless the trustees either intend to liquldate the charity or to ￿ase operations, or have
no reallstic alternative but to do so.
Audltor's responslbllltles for the audit of the financial statements
We have been appointed a5 auditor under section 144 of the Charltles Act 2011 and report in accordance wlth
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance alx)ut whether the flnanclal statements as a whole are free
from materlal mlsstatement, whether due to fraud or error, and to issue an auditor'5 ￿Port that Includes our
opinlon. 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, Mlsstatements can arise
from fraud or error and are considered material if, indlvidually or In the aggregate, they could reasonably be
expected to Influen￿ the economic declsions of users taken on the basls of these flnancial statements.
Irregularities, Includlng fraud, are Instan￿5 of non£0mplian￿ with law5 and regulatlons, We design
procedures In Ilne wlth our responslbilltles, outllned above, to detett material misstatements In respect of
irregularities, including fraud. The extent tt) whlch our procedures are capable of detectlng Irregularitles,
Includlng fraud Is detalled below..
The Charity Is requlred to comply wlth charity law and based on our knowledge of Its actlvlties, we identifled
that the legal requirement to accurately account for restrlcted and endowment funds was of key
slgnificance.
We gained an understanding of how the charty complied with its legal and regulatory framework, Includlng
the requlrement to properly account for restricted and endowment funds, through dlscussions wlth
management and a review of the documented policiesi procedures, and controls.
The audlt team, whlch Is experienced in the audit of charitie5, considered the charity'5 susceptlblllty to
materlal mlsststement and how fraud may occur. Our consideratlon5 induded the rlsk of management
overrlde,
Our approach was to check that all restricted income was properly identified and separately accounted for
and to ensure that only valld and appropriate expenditure was charged to restricted and endowment funds.
This included reviewing journal adjustments and unusual transactions.
Based on this understanding we designed our audit procedures to Identify non-compliance with such laws
and regulatlons. Our procedures involved review of the reporting to the trustees with respect to the
applScatSon of the documented pollcie5 and procedure5 and review of the flnancial statements to ensure
Complian￿ wlth the reporting requlrements of the charity.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE ST ANDREW HOLBORN & sfAFFORD'S CHARITY
There are inherent limitations in the audit prO￿dureS described above and, the further removed non-
compliance with laws and regulations is from the events and transactions reflected in the financial statements,
the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is
hlgher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment
by, for example, forgery or Intentional misrepresentstlons, or through collusion.
A further descrlption of our responsibilities for the audlt of the flnanclal statements Is located on the Financlal
Reporting Council's website at.. www.frc.org.uk/auditorsre5ponslbllities. This description forms part of our
auditor's report.
Use of our report
Thls report Is made solely to the charity's trustees, as a bodyi In accordance with Part 4 of the Charltles
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken, 50 that we mlght state to the
charity's trLlStees those matters we are required to state to them In an auditor's report and for no other
purpose. To the fullest extent pemiltted by law, we do not ac￿pt or assume responsibility to anyone other
than the charity and the charity's trustees as a body, for our audlt work, for this report or for the opinions we
have formed,
Knox Cropper LLP
Chartered Accountants and Ststutory Audltors
65 Leadenhall Street
London EC3A 2AD
Knox Cropper LLP is ellglble for appolntment as audltor of the Charlty by virtue of its eligiblllty for appolntment
as auditor of a company under sectlon 1212 of the Companks Act 2006.

wu

Page | 12
ST ANDREW HOLBORN & STAFFORD'S CHARITY
BALANCE SHEET AT 31 DECEMBER 2024
Notes
2024
2023
FIXED ASSETS
Investments
19 299 868
19,299,868
18,135,416
18,135,416
CURRENT ASSETS
Debtors
Cash at Bank
24,337
608 361
632,698
23,637
585,686
609,323
Credltors: Amounts falling due
within one year
110,435
Net Current Assets
522,263
575 827
Total Assets Less Current
Llabllltles
19,822,131
18,711,243
Credltors; Amounts falllng due
in more than one year
10
(20,000)
TOTAL NET ASSETS
19,822,131
18,691,243
FUNDS
Endowment Funds
Permanent
Expendable
12
12
10,844,747
4,452,574
10,362,463
4,110,903
15,297,321
14,473,366
Unrestrlcted - General Fund
Deslgnated Funds
13
13
4,184,698
335 836
3,796,401
420 000
4,520,534
4,216,401
Restrlcted Funds
TOTAL FUNDS
11
19,822,131
18,691,243
Approved by the Board of Trustees on 16 June 2025 and signed on Its behalf by:
LL
The Rt Revd Jonathan Baker
Chairman

Pc)gp | 13
ST ANDREW HOLBORN & STAFFORD'S CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total Funds
2023
Total Funds
Note
Net Cash Provlded by (used in) Operatlng Actlvltles
(688,605)
(573,547)
Cash flows from investing actlvltles
Dividends and Interest from investments
Movement in Investment Managers Cash
Proceed5 from sale of investments
Purchase of Investments
Net cash provided by (used in) investing artivities
747,479
(19,445)
723,778
(8,465)
16,754
711280
690 474
Change In cash and cash equivalents in the reporting period
22,675
116,927
Cash and cash equlvalents at the beglnnlng of the reporting periLKI
585 686
468 759
Cash and cash equlvalents at the end of the reporting perlod
608,361
585 686
A. Reconciliation of net Incomel(expendlture) to net cash flow from operatlng actlvltles
2024
2023
Net Incomel(expenditure) for the reportlng perfod
(as per statement of financial actlvStles)
(Gains)ILosses on Investments
Dividends and Interest from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provlded by (used In) operating artivities
1,130,888
(1,128,253)
(747,937)
(242)
56,939
688,605
528,520
(420,767)
(724,079)
(215)
573 547)
B. Analysls of changes In net funds
At Oll0112024 Cashflows
At 3111212024
Cash at bank
585,686
608 361

Page 114
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
srATUS
St Andrew Holborn & Stafford's Charity is an unincorporated charity, registered wlth the Charity Commlsslon
with registered number 1095045, The Charity's registered address is 5 St Andrew Street, London, EC4A
3AF. A descriptlon of the Charlty's operations and principal activities can be found In the Report of the
Trustees.
ACCOUNTING POLICIES
(a)
Basis of Accounting
The Accounts have been prepared under the hlstorical cost convention as modlfled by the
revaluation of investments at market value and in accordan￿ with appllcable Accounting Standards.
They have been prepared in accordance with the Statement of Recommended Practlce (Accountlng
and Reporting by Charities) preparing their accounts in accordance wlth the Financial Reportlng
standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the
Flnanclal Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102 March 2018)
and the Charities Act 2011. The Charity constitutes a public beneflt entity as defined by FRS 102.
The accounts have been prepared to glve a'true and falr view, and have departed from the Charltles
(Accounts and Reports) Regulations 2008 only to the extent requlred to provide a 'true and falr
view,. This departure involved following Accounting and Reportlng by Charltles preparing thelr
accounts In accordance wlth the Flnancial Reporting Standard applicable In the UK and Republlc of
I￿land {FFiS102) issued In October 2019 rather than the Accounting and Reporting by Charltles
ststement of Recommended practi￿ effectlve from 1st Aprll 2005 whlch has Sin￿ been wlthdrawn.
The Trustees conslder that the￿ are no Un￿rtaIntIeS about the ChariVs ablllty to contlnue as
going concern,
The functlonal currency of the Charlty Es the £ Sterllng.
(b)
Income
Income Is recognlsed In the year once the charlty has entitlement to the income, It Ss probable that
the Income will be received and the amount of Income recelvable can be measured reliably.
Investment incomels recognlsed on the date on which the dividend is payable or the interest arlses,
Income is defer￿d only when the Charity has to fulfil condltions before becoming entitled to It or
the donor has specified that the income has to be spent in a future period.
(c)
Resources Expended
Llabilltles are recognised as expenditure as soon as there is a legal or construttive obligatlon
committing the Charlty to that expendlture, it Is probable that settlement wlll be requlred and the
amount of the obllgation oin be measured reliably. All expenditure 15 accounted for on an accruals
basis.
Costs of Raising Funds
The cost of raising funds conslsts of investment management fees, costs Incurred in
maintalnlng the Investment property and an allocation of support costs.
Charitable Activlties
Costs of Charitable Activlties include grants paid to individuals and organisations, direct costs
associated with grant-making as well as an apportionment of support costs.
Support Costs
Support costs have been allocated betw&n activities based on staff time and include
Governance costs, which comprises all costs involving the public accountability of the Charity
and its compliance wlth regulation and good practice.

Paije | 15
ST ANDREW HOLBORN & sfAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (contlnued)
(d)
Grants
Grants payable are charged in the year in which the offer is conveyed to the reclplent eX￿pt In
those cases where the offer is conditional, such grants being ￿cognISed as expend5ture when the
conditions attaching are fulfilled, There are also individual grants, which represent annual awards
payable to eliglble appllcants, as well as other one￿f payments, to relieve hardship as approved
by the trustees.
(e)
Fund Accounting
(i) Unrestrltted Funds..
The unrestricted fund may be used by the Charlty In furtheran￿ of its charitable objectlves at
the dlscretlon of the Trustees.
(li) Endowment Funds..
Permanent endowment funds are restricted capital funds where there Is m power to convert
the orlginal capital to Income. Expendable endowment funds represent sums whSch the
Trustees intend to retain intatt but can if necessary be used in furtherance of the Charlty
objectlves subject to any restrlttlons Imposed by the donor.
(lil) Restrlcted Funds..
Restrlcted funds are funds whlch are to be used in accordan￿ wlth 5peclflc restrlttions
Imposed by donors or which have been ralsed by the Charlty for partlcular purposes. The alm
and use of each restrlcted fund Is set out In the notes to the flnanclal statements.
(f)
Value Added Tax
The Charity is not registered for VAT and accordingly where applicable, all expendlture incurred Is
inclusive of VAT.
(g)
Investments
The Charity's Investments are a form of basic financial Instrument and are Inltlally recognlsed at
their transaction value and subsequently measured at thelr falr value as at the balance sheet date
UsSng the closing quoted market price. The Statement of Financial Activities Sncludes the net galns
and105ses arlslng on the revaluations and disposals throughout the year.
Realised galns and losses on Investments are arrlved at by comparlng the net sale proceeds wlth
the market value at the end of the previous financial year. Unrealised galns and losses represent
the difference belween the market value of investments still held at the end of the financial year
with their value at the beginnlng of the year or with their cost if purchased subsequently.
(o
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade dlscount
offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due.
(o
Cash at bank
Cash at bank is defined as cash and short term highly liquld Investments wlth a short maturlty of
three months or less from the date of acquisition or openlng of the deposlt or 5imllar account. Cash
held in accounts with Investment managers in included within fixed a55et investments.
(f)
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that wlll probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably, Creditors and prov151ons are nomially
recognised at their settlement amount after allowing for any trade dlscounts due.

ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INVEsfMENT INCOME
2024
2023
Investment Income
Interest Recelvable
742,762
720,746
747,937
724,079
CHARITABLE ACTIVITIES
2024
2023
Grant-maklng
Annual Award to Indlviduals
Grants - Indivlduals
Organlsatlons (Note 4a)
113,700
63,795
494,309
671804
126,525
66,599
355,803
548 927
Staff Costs
Other Costs
Support Costs (Note 5)
44,091
1,287
44,770
1,085
31,207
Total Charltable Actlvities
756,702
625,989

Page 117
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITABLE ACTIVITIES (continued)
(a) Grants awarded to organisations are shown below:
2024
2023
Organlsation
Action Space
Akash Resldents, Association
Age UK Camden
Age UK City of London
Age UK East London
Bloomsbury Football Foundatlon
Calthorpe Projett
Cltlzen Advice Camden
cawBS
Coram's Fields
Growing Hope Klng's Cross
Holborn Communlty Assoclatlon
Home-start Camden
InterAct Stroke Support
KCBNA
Kids - Home Learnlng Support
Local Vlllage Network
Mary Ward Legal Centre
Mental Flght Club
Mount Pleasant H05tel
October Gallery
Only Connect
Pan Intercultural Arts
Remarkl Communlty
Royal Free London NHS Foundatlon Trust
Single Homeless Project
Shoe Lane Llbrary
Solace Women's Aid
Songhaven
St Albans CE Prlmary School
St George the Martyr ￿ Primary SchcM)I
St Mungo's
Support Through Court
The Salvatlon Army
Women@thewell Project
YMCA
Young Camden Foundatlon
20,000
7,533
65,740
14,740
12,000
19,040
10,000
4,771
2,520
20,000
9,000
20,000
18,000
54,819
20,000
5,500
38,112
10,000
3,200
1,400
25,000
5,000
43,430
10,500
800
9,700
15,000
17,940
8,500
33,063
8,000
60,000
17,964
20,964
8,500
1,200
6,000
15,000
1,452
1,000
1,300
1,190
20,000
5,600
11,410
13,825
42,989
7,530
800
22,580
600
11,911
494,309
35,860
500
8,629
355,803

ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CHAIUTABLE ACTIVITIES (continued)
(b) Reconclliation of Grants Payable
2024
2023
Organlsatlon
Commitment at l January
Commitments made in year (above)
Grants paid during the year
Commitments at 31 December
41,260
671,804
609,808
103,256
3,582
548,927
511,249
41,260
Credltors due wlthln one year (Note 9)
Credltors due In more than one year (Note 10)
103,256
21,260
20,000
41,260
103,256
SUPPORT COSTS
2024
2023
Staff Costs
Adminlstratlon Cost Recharge
Insurance
Sundry Expenses
Governance Costs
16,922
13,209
1,695
317
7,377
39,520
11,338
11,247
1,214
294
31,207
Governance Costs includes amounts payable to the audltor of £7,114 (2023,. £6,785).
STAFF COSTS
2024
2023
Salarles
Soclal Security
Pension Contrlbution5
50,479
5,498
46,831
4,989
61,013
56,108
The Charity's employees have joint contracts of employment with the 4 slster charltles at 5t Andrew Holborn
and with St Andrew Holborn Trading Ltd. Together they employed an average of 5 (2023: 5) staff during
the year, one of whom received employee benefits of £60,000 - £70,000 (2023: one). Employment costs
are shared on a time spent basis.
Key management personnel is deflned as the trustees and the Clerk to the Trustees. No trustee received
any remuneration for their role as a trustee (2023: £NII). The total remuneration of key management
personnel was £83,977 (2023: £80,619) of whlch the Charity's share was £9,982 (2023., £7,899).

ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7. QUOTED INVESTMENTS
2024
2023
(a) Quoted Investments at Market Value
Cash wlth Investment Managers
Total Investments
(b) Movement In Investments
Market value as at l January 2024
Additlons
Dlsposals
Investment
galnsl(losses)
19,271,868
28,000
19,299,868
18,126,861
8,555
18,135,416
18,126,861
16,754
17,681,255
24,839
Realised
Unrealised
Market value at 31 December 2024
1,128,253
19,271,868
19,149,158
420,767
18,126,861
19,132,404
Cost at 31 De￿mber 2024
Quoted Investments with more than 5% of market value, which are consldered to be materlal.
0/0 of
Portlollo
Securlty
Sarasin Endowment Funds
Property Income Trust for Charltles
M&G Charlfund
71.6
15.1
13.3
13,794,051
2,917,762
2,560,055
The carrylng amount of flnanclal assets measured at fair value through income and expendlture wlthln
Investments is £19,271,868 (2023: £18,126,861).

Page. 120
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DEBTORS
2024
2023
Prepayments & Other Debtors
Investment Income Receivable
Parish Estates Charity
Bromfield's Educatlonal Foundation
341
22,444
1,552
167
21,986
1,484
24,337
23,637
CREDITORS DUE WITHIN ONE YEAR
2024
2023
St Andrew Holborn Church Foundatlon
Accruals & Deferred Income
Grants Payable (Note 5b)
5,269
6,967
7,179
103 256
110,435
33,496
10. CREDITORS DUE IN MORE THAN ONE YEAR
2024
2023
Grants Payable (Note 4b)
20,000
11. RESTRICTED FUNDS
Balance at
0110112024
Income
Expenditure
Balance at
3111212024
St Glles Sn the Fields and
Bloomsbury Unlted Charity
St Pancras Welfare Trust
3VB
Westmlnster Almshouses
Other
1,700
125
5,620
4,028
(3,120)
(3,728)
4,200
425
(349)
(349)
200
(200
4,276
Balance at
0110112023
Income
Expendlture
Balance at
3111212023
St Glles In the Flelds and
Bloomsbury United Charlty
St Pancras Welfare Trust
Westmlnster Almshouses
other
2,351
125
3,000
4,430
339
410
8,179
(3,651)
(4,430)
(688)
410
(9,179)
1,700
125
(349)
2,476
1,476

Page 121
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
I I. RESTRICTED FUNDS (continued)
st Glles-In-the-Fields and Bloomsbury Unlted Charity
This fund represents monies received in respect of Charitable Donations from St Giles-In-the-Fields and
Bloomsbury Unlted Charity to provide grants to individuals.
st Mungo's
This fund represents monles re￿IVed from collectlons at Christmas carol servi￿5 specifically to be donated
to St Mungo's.
st Pancras Welfare Trust
This fund represents monies recelved to support families livlng within the overlapplng area of beneflt.
12. ENDOWMENT FUNDS
Pernianent
Expendable
Total
Balan￿ at l January 2024
Net Movement In Funds
Transfer
Balance at 31 December 2024
10,362,463
482,284
4,110,903
341,671
14,473,366
823,955
10,844,747
4,452,574
15,297 321
Balance at l January 2023
Net Movement In Funds
Transfer
Balance at 31 De￿mber 2023
10,328,609
33,854
3,905,909
204,994
14,234,518
238,848
10,362,463
4,110,903
14,473,366
13. UNRESTRICTED FUNDS
General
Deslgnated
Total
Balance at l January 2024
Net Movement In Funds
Transfer
Balance at 31 De￿mber 2024
3,796,401
467,322
420,000
(163,189)
4,216,401
304,133
4,184,698
335,836
4,520,534
Balance at l January 2023
Net Movement in Funds
Transfer
Balance at 31 ￿e￿mber 2023
3,925,729
290,672
420,000
3,796,401
3,925,729
290,672
420 000
420,000
4,216,401
The Deslgnated fund was established to provide for the costs of additional general advlsors at organisations
within the Charity's area of benefit. These funds are expected to be spent out over the course of three
years.

Page 122
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. NET ASSETS BETWEEN FUNDS
Unrestrfcted
Funds
Restrlcted
Funds
2024
Total
Endowments
Flxed Assets
Current A55ets
Current Liabllltles
3,998,049
632,920
110,435
4,520,534
15,301,819
(4,498)
19,299,868
632,698
110,435
19,822,131
4,276
4,276
15,297,321
Unrestrlcted
Funds
Restrlcted
Funds
2023
Total
Endowments
Flxed Assets
Current Assets
Current Liabllltles
Non-current Llabllities
3,657,552
612,345
(33,496)
14,477,864
(4,498)
18,135,416
609,323
(33,496)
20,000
18,691,243
1,476
4,216,401
1,476
14,473,366
15. TRUSTEES, REMUNERATION AND EXPENSES
No remuneration, dlrectly or indirectly, out of the funds of the Charlty was paid or payable for the year to
any Trustee or to any person or persons known to be connected wlth any of them.
No trustees were reimbursed for expenses durlng the year (2023: none).
16. TAXATION
St Andrew Holborn & Stafford's Charity Is a reglstered charity and Is potentially exempt from taxatlon In
respect of income and capital galns received within the categorles covered by Part II of the Corporation
Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Galns Act 1992 to the extent that such Income
or gains are applied to charitable purposes.

Page 123
ST ANDREW HOLBORN & STAFFORD'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. RELATED PARTIES
The Charity is under the control of its Trustees who are the Vicar and one of the two churchwardens for
the time being of the Guild Church St Andrew Holborn, the incumbent of the benefice of St Alban the Martyr
Holborn with St Peter Saffron Hill, the incumbent of St George the Martyr Queen Square, one nominee
each of the Guild Church Council of St Andrew Holborn, the London Borough of Camden and the
Corporatlon of the aty of London plus flve co-opted trustees.
The following parties are considered related to the Charity by vSrtue of havlng common trustees and shared
employees:
st Andrew Holborn Church Foundation
St Andrew Holborn Trading Limited
Parlsh Estates Charity
Bromfield's Education Foundation
Lady Elizabeth Hatton's Charity
st Andrew Holborn Church Foundatlon acts as paymaster for the staff employed under jolnt contract5 of
employment, The Charity paid £61,013 (2023: £56,108) to St Andrew Holborn Church Foundatlon for its
share of employment costs. Sl Andrew Holborn Church Foundatlon charged the Charity £13,209 (2023:
£11,247) as a contribution to overheads and recharged expenses incurred on the Charity's behalf
amounting to £237 (2023: £Nil). At the year end, £NII (2023: £5,269) was owed to St Andrew Holborn
Church Foundation.
The Charity recelves a 2127th share of income from Parlsh Estates Charity amounting to £1,552 (2023:
£1,484). At the year end £1,552 (2023: £1,484) was due from Parish Estates Charlty.
St Andrew Holbom Tradlng Ltd charged the Charity £263 (2023: £322) for meetlng facilltles. At the year
end, £NII (2023: £Nil) was owed to St Andrew Holbom Trading Ltd.
18. FUNDING COMMITMENTS
During the year, the Charity awarded multi-year grants to three organlsatlons payable in quarterly
instalments. The remalning instalments in respect of year l of the grants have been recognised as grants
payable within creditors, Payment of years 2 and 3 of the grants are Subject to the Trustees, review of the
funded projects and as such are not recognlsed as a Ilabllity at thls time. The commltments will be funded
from the deslgnated fund and future Investment Income.