ST MARTIN-IN-THE-FIELDS TRUST
(a company limited by guarantee)
Registered CharAty Number: 1110406
Company Number: 4986630
TRUSTEES, ANNUAL REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31- DECEMBER 2024

St Martin-in-the-Fields Trust
Charity Information
Trustees and Directots
Iel .Idams
Daniel Barker
Dr "l imothi" Beale
lalcohn Buder
Ian Hariette
Christophe de Taurines
Gii"i"ncth w,1￿MS
l.uc)" J.ittlcii"ood
Rei. Dr Samuel W'ells
Company Secretary
Lug titdewood
RegAStered Office
5, St hIartin's Place
'I'rafalgar Square
London
'C?N 4JJ
Prlncipal Bankers
National Ix'estininster Bank plc
POBox113
C2I-ell House
?2 Ch2ring Cross Road
JA)ndon W'C?H OI)D
Independent Auditor
Hai-sNIac
10 Queen St Place
London EC4R 1,1

St Martin-in-the-Fields Trust
Trustees, Report for the Year Ended 31st December 2024
'I'hc ttustces prcsent theit rcport and thc auth.tcd financial statcmcnts ol St NIartin-iti-thc-Ficlds 'linst (thc ' l rnsf )
for the )"ear ended 31st December ?0?4. These h2N"e been prepared in accordance Nlith current st2tutory
requirements and the Chanties SC)RP (FLS102).
'I'hc ttustces atc vcr! gratcEul to all out supportcrs, ncTr and rcgular donors Nvho h3Trc bccn so gcncrous 04.cr thc pist Vcar.
Funds raised bi." the Trust support four kei" areks ol %Ctii'itt" at St Ntartin's: the costs of m2int2ining and running the
hisioric site in central l.ondon. supporting mission and mini$￿-. music iiith an emphasis on l.oung artist deiTelopment and
educatioii. And work with homeless itid ￿￿1￿]erable people. In line with these priorities, the trustees approve gr2nts 3t
trustee meetings iTrl]ich t2ke p12ce Four times a !"ear.
In 2094 we were deh'ghted to report:
Incre2se income bi". 300/0 from ?0?3
Raising the necessm" funds to build a new centre for homeless ￿TOMen in ￿-.andsw0rth
Submitting thc cxprcssion olintcrcst to thc National Lottcn- Hcritagc Fund For a capital projcct aiming to rcncw
and make our historical buddmgs more sustxin2ble and receii.ing a POSitiTr'e response
king a record chatitablc contLibution ol L3,770,808 ioNI-ards our partncrs and charitablc projects Thhich is
more than double the charitable contributton made in 2n1" i"e2r since the Trust created 2nd 3 times more
compared to 20?3. This great eflort ii?s made bi- the organisaiion ro support the mosc 8rringent present needs of
the St IKlartin's famili. but also ini-esring in the furure ot the larger organisauon (the rene￿ra1 of the Iiericage
buildings at St LXIartin ILI the Fields, a massii-e project d￿-eloped to deal iTrith the I￿￿ter ingress, reduciLig the
carbon Eootpiint and MaLll￿ the projccts morc su5tainablc).
The cost OF tAising Eunds in ?024 Th-as £637,6i9 Th-hich represents 14,
income.
of the total expenditure and 20 /0 OE the
Funding a pilot rcscarch project cxploting altcrnati&-C, 5UStainablc Options for sccunng accommodition Eot pcoplc
cxpcriencing homdessncss
Liiinching thc "4th Pl￿th initiativc" and oEFcting talcntcd childrcn to hai-c thcir art rccognizcd, admircd and
exposed in one of the most iconic N-enues in London
Funding thL fLplacemcnt of tsvo th"sablcd-fricndli- bFts nccdcd at St Ilartin in thc Fkclds after thc Lxisting onc
fliled to work xnd continued to fund other repairs 41nd ini-estments related to the buil(h"ngs at St Trkntin's
Fun(h'ng the complete renovation of the todets and sho￿..erS used bl people experiencing homelessness here, 2t
The Connection at St Th[￿in in the Fields. in Trafalg2r Square
Finances..
The total income For 2024 was £3.089,i89.
The Trusi received general donations in the l.ear of £1.171.131' granis of £1.5U,887, le￿cleS of £136.105. Gifc.lid of
£131,860 income OF £70,9?7 receI￿"ea from inrestment.
A total OF £3,570,584 OF grants madc to the PCC Group and Thc Connection at St NIartin in thc Ficlds and on top of
this £200,294 wis spent towards the c2PIt21 project lor the reneii"%l of the heritAge bulldings at St NIartin in the Fields. The
toial amount of charitable expenses of ?0?4 is £3.770.808.
The Team:
Two of our most ekperienced team member* left the temn to t2ke on nell" ch2llenges Ind decided to creite 2 new
siructure wth a Flead of Nlajor Gifrs, Head of Grancs and Philanthrop!- and Head of Operations supporting the Director
and forming the Senior I.eadership Team of ihe organisauon. .{ neil". role iiTas crea(ed to focus on fundraising ei'ents and
ve also recruited 2n Indiilldual CJlTr-ing OfFicer to focus on improiing our communication our10sT31 supportets 2nd to
incrLase incomc from rcvdat donations. 11 c arc tCcrUitll￿ For a "I rusts ind Foundations Fundraiscr, a Position arc
hopeful we Nlqll be xble to 2t the be￿nnIng of neit i"eAr.
The new structure of the team ivill bnng more skills and increased support to our projects as we are gearing up to launch a
multi million cApital 2ppeal.
Yes Campaign
'e hai'e shxred our pllns ￿ath some of our closest supporters and Niith ne￿.. friends of St TrIartin's 2nd we are grlteful to
the ones who decided to join Ihe campaign's Dei-elopmeni Boar￿ offenng their suppori and expertise.

St Martin-in-the-Fields Trust
'e hAN"e filnded And miLiage(L along with our sister charities, 2 fe2sibilitt- stud!" exploring the best Options available to
maintain the bUild￿gS, make thcm morc sustainiblc and maximising thc impact Irc ctcating through thcm. 'Ihe
options haN'e been costed and thei. were the foundxtion of our expression ol interest submitted to the National Lotter!
Heritige Fund for gr2nt that could bring a sigmfic%nt amount for iNlu"ch are now preparing 2 formal, stage one
application.
St Martin's House:
'e haire conducted a i"en." det2ded i.alue engmeering and cost optimisation ol the design of the neNI' buil(h"ng 2nd we
happTr to report ihat the monei. needed to build the ne1￿. shelrer has been raised. .Ifcer a tender process and another cost
optin]is&tion a COLitr2Ctor has been selecte(L the building conrr2CI LS eNpected to be signed beginning of ?025 work
Lxpccted to start in Fcbnian- ?0? j.
Individual Givift￿.
The pillars of our communication ivere represented bi- the mailouts ive sent For F.aster and on St AIartin's da!,, updatin£
our supporters and sharing Nlqth diem our Tr-tsion. The Yes C2mpaign h2s been the main i"ehicle 3iid ￿e tried to briLig our
supportLrs on boatd with thts gcncrous conccpt. IX c arc 3-crE- proud and gThtcEul lor thc lol-al and constant siipport we
receiiTe from our indiN".idual donors. through the Nvebsite.
Trust and Foundations:
In 2024, the tearn secured £1,544,887, 11-hich represents an incre2se of more than 30￿,0 comp2red to the prei'ious STeat.
'I'hL largcst gtants NTr-Lre receii-.cd to support thL 18kc!-s projcct and hal'ing a capital project 11,-as dclmitdi, a Factor For this
spectacular increase. Il'e are grateful to all the lunders ii.ho hai-e contributed this i".ear. 2 special thank i".ou is due to The
Julia Rausing Trust and The Garfield IX eston Foundation. because of the￿ generous grants IlTe are able to starc the
building and the shelter to open its doors and ofler 2 much-needed home sooner than Tre thought.
Another project that attrxcted significant interest from trusts and foundations was the complete renovation of the showers
and toilets at The Connection at St Trlartin in (he Fields. These faciliues are being used b!- hundreds of people experiencing
homelessness and we are very- happ!-. that the Trus( il-as able 10 fund this ei(remeli' needed renoi'ation.
Events:
20?4 continued io be a busTr" Tr"ear in the F.vents calendar for the Trusr. 11 e held 16 events this l'ear. consisting of
IArge-scAle e￿"entS in our C.rspt, to C.ofFee IK,lornings, Concert receptions and pri*"2te dinners.
'I'his }Tcar Th￿"c halrc held eight Dcs"clopmcnt Board Dinncrs in Sam 11 clls dat to bring togcthcr a groiip of out closest
friends who Ire generous, influential 2nd well-connected and are keen to support our N-ision 2nd heart of our Yes,
campalgn.
C)ur first main event of this Fear was the Simon Russell Beale ￿"ent in June which was a huge success. it generated
pledged long-temi support it IN-2s plaTr"ed out on Classic PtsI and Feedb2ck Lxcellent so the! would like to co-
organise a scries OE thcse ci.cnts ncxt Tr"cat.
BetKi'een 20-24 NIa)' the 18 Kei s Camp2ign Committee staged 2n art eNhibition and $21e of oi-.er l 00 aM￿.0rks it
hi£hlTr accessible pnce points. 11 e musc sai" a huge chanL- l-ou (o Dame sarah Nlullall!- a( the Q)Id Deanery" for hosting
a horticultL]r&ll!- tliemed reception For major donors, to raise funds For 18 Kels, for the wdeii at the 18 Ke17S Site.
'I'hc Children's Fifth Pl￿th Launch was widdTr" succcssfid. 11 c had chddrcn's author Onjab" Q RauF spcak and
intcrn.icw thc childtcn, all thrcc winners and lamih.cs also all attcndcd. 'Ihc Pl￿th is on th"spla!- in the Lightwcll Eor
the rest of 20?4. Il'e 2re planning to do another Ph"nth Launch in October ?l)?-
'e held an ei'eni on l Oth C)ctober to mark 11 orld Flomelessness Dafv. Hosced b!" comedian and improv experc Neil
Iiillatkey 2nd N4qth 2 TronderFul performance bTr" A c.hoir 11 ith No LName. the e*-ent Ni-,3s pl￿ned to 3di-. ocate For
pcoplc cxpcriencing homelcssne5s and to cxpind our nctsvork of co￿OratC donors.
'e ran 2n eTr ent on 20th Noi"ember, called ThIotoivn Christmas Grooi'e. I￿1th Earth. Ilind 2nd Fire's NIO Pleasure
being our hosi. C)ur fundraising ask lor £3) io pJ!- for a coal for a homeless person I￿a5 a great success as within the
veek we were able 10 bu! 01.er 100 coats from our ￿e￿- corporaie friends it hIount2in 11 arehouse.
'e Finished the }rear b)" liosting some OF our major donors For drinks receptions before Christm3s concerts.
Brand and nattative:
'e continued to ivork iTrith Thomas ShaLP, as our Creatit'e Director on all our ThTitten materi3ls and messAging 2nd in All
dcclination of the 'fj'Ls" concept. Onc ol thc most I￿portant accomphshmcnt ot thc i-car from a communication point of
'iew was to dei.elop and approi-e our nth￿- brand guidelines.

St Martin-in-the-Fields Trust
'e statted to deiTelop our website, a new dom2in, 2 platfonn for all our Yes Campaign communication, Ive 3re hApp}'
to bc wotLing with Supercool, as our dcN-clopcr and thc ivcbsitc should bc iti hlarch ?0? j.
Substack has been selected is our channel for onlme communication. dth'eloping content that aligns iNryth the values of Yes
Campaign, trying to create a communiti. of people and ideAs.
Cross-site working:
LucTr continued to represent the Trust ind Ni"ork ￿1th the cross-site Executti"e Group. improN ing the communic2tion
between the or£anisations in the St h,lartin's familTr-.
'orLiiig together Nviih The c.onnection 2t %t AIartin in the P"ields for the 18Lffl-s project, the shower renoN ation 2nd on the
accommodation rcscarch project has bccn Tr-cTh- positii-c and brought thc [￿-0 teams doscr togcthct.
Regular matkcting and evcnts mcctings be￿￿Cen out team and thc tcam at sNIt'I'FL arc tak￿g placc to cnsutc has'c a
common N'oice and are able to identiFI" opportunities and seize them.
There are finance meeungs Uiith represencatii-es from the Trusi. shIrrFI. and PCC and our Head of C)perations is
perm&nendTr" li&ising Trkith the I lead ot Estsies try.ing to suppori each other
US Foundation:
.4 B02rd is beiLig forn]ed in the L S and ive are h2pp!- that ive hai e secured the support of 2 dedicated part-tin]e
fundr&iser based in orl she is going to help us increase the income in the L'S starting with ?02i.
In 2094 we receiired L?6? 140 from the L.S Board for iNhich ive are N'en" grateful.
IA>oking forward:
One of the main priorities for ?0?5 is going to be preparing 2nd submitting the form21 applic2ti0n for the N2tion21 Lotter!
Heritage Fund. This ini'oli'es identifiing ihe besi Trva!"s of i&orking alongside SNttTFT. and PC(" to maintain the fabric of
the buildings at St NIarUn in the Fields and conrinue to suppor( the culwral. spiritual and social projeccs here as part of the
Trnst's objectives.
'e aim to sh2re our pl￿S ￿th our closest st2keholders and bring them on bo2rd, supporting the l.es Campaign
'e will continue to suppott our t]agship mission projects, I le2rtEdge, Being Ilith, lilternation￿ CJroup and the Nazareth
Communitv.
The team's g021 for 20?) is to incre2se the unrestricted income. responding to the need coming from our sister
charities.
Chatity inforniation
The Trnst ￿.￿s registered as a charit!, number I I IIH06. on l ? Jul1- 200) and commenced 2ctivities on l J3nu2ry
2006.
Sttucture? governance and management
The B02rd
'I'hL Boatd ts madc up ol cght trustCC5 and a Chair. In ?093 thc Chair OF thc Board Nvas hlalco]m Butlct. 'Ihc trnstccs arc
also directors of the compan! for the purposes of the Companies .4cr ?(N)6.
Il Churchlvatdcn, rcprcscnting thc mcmbcrs OF thc PCC, Nvhich is rcgardcd as a conncctcd chariti, b!. Tr"it￿e of thc
simil2ritTr of its objectii'es 2nd the units of a(hnllll"stration Ivith the PCC. is also a trustee %ppointed independently of
the PCC and the charitTr's finanaal actii7lties are therefore not consolidared in(0 the flnancial statements of the PCC.
Thc charitt, is administcrcd bTr- thc stafF ol St rntarttn-in-thc-Ficlds "I tust. In ?0?4 thctc iTr(crc nine mcmbcrs of staFE.
Thei, report to the trustees NNho met four times during the i"e2r. The Director has been appointed bi." the trustees to
manage the da!-to-d21' operations of the chariti.. To fxcth.txte effectii'e operations. authoriti.. for operational matters,
including fundraising and flnance. has been deleDied (o the D￿ecIOr.

St Martin-in-the-Fields Trust
Two trustees, J2ne Siebels and TrIe12nie L￿Ch, stepped do1￿1] in ?0?4, and Christophe De T3urines announced he Th'ould
step doNim 2t the beginning of ?O?i. Two nthv Trustees join the Board in J%nu2n. ?0?5.
Fundraising Activity
The Trust raises fLmds prim2nlTr through donations and grants from inth"Tr"idu%ls, trusts and foundations and
organisitions. The fundrxising is legal. open. honest 2nd respectful. The Trust 2(Iheres to the Code of fundraising
Practice and ks registered ￿th the Fundraising Regulaior. Ivhich seis and maintains the standards for charicable
fundr&ising iii England, IK'Ales and Northern Ire12nd. It has not receii ed ans- complaints in the !-.e2r in conLiection
rrith thL proptieti" OF its Fundraising. In linc Niqth thc Codc ol Fundraising PThcticc. thc 'linst tak-cs into account the
needs of in)" donors or potential donors ii.ho mai" be in i'ulnerable circumstances.
Trustee induction 2nd training
NCNV tnistccs undergo an indiiction to bricl thcrn on thcir le￿￿1 oblgations undcr charitt, and compani-. la￿., thc
content of the Iemorxndum and .Irticles of .lssoci2tion and decision-maLLng processes. Thei meet Ley employees
and other trustees.
Pay Policy for senior staff
The dtrectors comprise the Board of Trustees. INith the kei" management personnel of the charitTr' being the Director
vho is in charge of running iLid operating the Trust on a d21-_t¢Fd2s- basis. .lll directors giTr-e of their time freel! &nd
no director receiiTed remuLieration in the Tr"e2r. Details of directors, eEpenses and related party transactions ate
disclosed in notc 7 to thcsc accounts. "Ihc pai- of thc st21F is r￿-iCi￿-ed annuall!, b! thc Board of .1 rnstccs.
Review of Financial Posltiott and Resetyes Pollcy
'I'hL trnstces hai"c approi.cd a nciv rcscrE"c pohcTr- IN-lll"ch scts thc Ics.d oFunrcsttiCtcd rcscn"c5 to £400L and atc satisficd
ith the current financi21 position ￿￿-en the achievements of the fundraising 2Ctiiiiies. .It the end of ?0?4 the Trust
held two resert'e funds, the endoNN"ed fund (made up of Thi-o ini-estmeni funds) and resert e£. The Trust aims co fulfil
its chantable objecti&'e to restore and main(ain the building of (he Church and associated buil&ngs in perpetuity.. and
holds endO￿rynent resenTes accordingli-. L'nrestricted reseTh-es are hdd to P2!- for the operating costs of the Trust. In
2016 thc "I rust reccii.cd a loan From thc Iricar's Gcncral Fund to undcThiTitc thcsc opcrating costs is thc fundtaising
was getting undern'a}' to i￿Ork toNTr?rds budding more swfic2nt unrestricted resernes. The Trust makes an annu21
repaTr'ment of £iO,000 of ihis loan.
'I'hc Fricnds OF St NIartins came undcr thc rcmit of thc 'lrust at thc bcgllllllng of 20?? Funds associatcd ￿t￿
The Friends. Nvhich includes ini'estments ￿1th1n the CCLI portfoh"0 2s Ni"ell as separate banking arrangements, remain
under ihe operating remit of The Friends. bur are Ihe responsibilin. of the Trust.
Risk Management Statement
The trustees recognise their responsibiliTh- for managing nsL and the rruscees and staff rei.iew nsks chroughout the
s.eat. The trustees meet regularll" Ind tike adTrTice on all significani issues. The trnstees 2pproi'e the cost p1211s 2nd
rLTh-.ILW actual results on a rcgulat basis. Strate￿C risks arc rcTr"i￿N.ed bi" thc tmstccs at cach mccting.
This work has identified that the kei risks facing the Trust are poor perlorniance of inN-estments le2ding to 2
shortfall in endowed income. falls in the i'alue of the capi(al ini"esre(L failure to reach fundraising targets and
changes to the arr&ngen]ents for the fmanciiig of the Trust. These risks are managed through regll12r reTr'ieNITS of
ini"LstmLnt pcrlorn]ancL, thc 5CCLltc storage OF donor matcnals, dcar monitoring ol ￿ndraising and b!." Lstabhshing
close working relations I￿1th St IIartin-in-the-Fields' PCC. St Ll12rtin-in-the-fields' Ch2rity.' 2nd the Connection It St
artin-in-the-Fields to a£ree Eurure funding arrangements.
Trustees, Powers of Investment and Investment Policy
The trustees have unrestricted powers of in3'estment. Donated funds not required to meet gr2nts in the next three to
five lears are ini'ested. In ?0?4 the Trust held funds iTrith both Couris and CCI.,l ii.ho both acted as ini'estment
m&n&gers to m2n2ge the Trust's funds on 2 discretion3n- b2sis in line with 2n 2pproN ed in*'estment polics,- The

St Martin-in-the-Fields Trust
trustees ate Advised on iLIITesrment n￿tters, including strate￿- and polia", bF an Ini'estment Committee. the
committec, on bchalF ol the trustccs, also monitors thc pctlomancc of an!- inTr"cstmcnt managers appointcd. 'Ihc
Friends of St NIartin held inN"estments 17Ath CCLI and monitor their trustees monitor their inN"estments.
Connected Charities
'I'hc PCC, I￿"hiCh has charitablc sta￿s, has sigmficant influcncc in thc ippointn]cnt ol trustccs to thc'l rnst and
certlin of the trustees 2re 21so members of the PCC. Trans2cttons iiith the PCC 2nd its tr2ding subsith"2n.. SNttTFL
are disclosed ￿-here appropriate in these financial siaiemenis. The Trusi also transfers lunds ro %[ hIartin-in-the-
ields C.hatity- and to the Connection at Sr h13ttin's NN"hen secured For ￿Ork ￿1th people experienciiig homelessness
and has rLCLlI"cd a loan from thc N'icar's Gcncral Fund.
Statement of Trustees, Responsibilities
The ttustees (who ate Also directors OF %t Nlartin-in-the-Pields Trust for the purposes of compan!" l&Nv) ate
rLsponsible For preparing thc 'l'rnstccs' Rcport and thc financial statCTncnts in iccordancc ￿1th apph"cablL laNv and
United Kingdom ,Iccounting stand￿ds (Lnited Kingdom Gener2lli .Iccepted ,Iccounting Pr2cttce.)
c.0mp￿Tr. laiTr requires trustees to prep2re fmaLicial st2tements For ￿ch [￿anCialI-ear ￿-hICh giTr e 2 true and fait view
of the state OF tlie 2fFairs OF the charitt- and of the income and expenditure of the ch&ritTr for thit period. In
prcparing thLsL fjnancial statcmcnts, thc trnstccs arc rcquircd to..
select suitable 2ccounting poh.cies and then appli- them consistentlN;
obseTh e the methods xnd principles in the Charities SORP;
makc judgemcnts and cstimatcs that arc reasonablc and prudcnt"
state ii"hcthcr apphcable L K ilccounting Standards hal-c bccn Followcd, subject to an!, mat￿111 dcparturcs
disclosed 2nd explained in the F￿anCIal st2tements- and
prepxre the fm2ncial statements on the going concern basis unless it is inappropriate to presume that the
charitable compani." continue in business.
Statement of Trustees, Responsibilities (continued)
The trustees are responsible for Leeping proper accounting records that di%close iNith reasonable 2ccutaa'. at In)
time the financial POSiUon OE the chantt" and enable chem io ensure thac the financial scacements complTr ￿th che
C.omp&nies .Ict ?1106. The!" are Itso responsible For s2Feguarding the 3ssets of the charin- 2nd hence for t&Ling
reAson2ble steps For the preiTeLltion and detection OF Fraud 2nd other irregulart'ties.
Public benefit
Throughout ?024, the trustees h&i"e worLed in accord2nce iiryth its st2ted ch2ritable purposes of securing Eunding For
the long-tcm rcplaccment and maintcnancc progrAmmc for thc buddings OF thc St Ntartin-in-thc-Ficlds sitc, as ￿-cll
s support for the charities b2sed at St IKIartin's and their work. In addition. as the legaa." of the covid pandemic has
continued the Trust has also raised and disrribuied tunds to ensure Si li lariin's can conunue to operate as a public
space. in the heart of I.ondon. These funds are either ini"esred in the permanent endoiiThent or held for more
immethate capital projects needed around the site. The site is home to the l)CC. its associated m￿12ge￿eI]t
cotnpany St N(artin-in-thc-Ficlds LllnL"tcd, thc Bishop Ho hI￿g IX ah ..Issociation Nilll"ch supports the Chmcsc
Communih". in London 2nd The Connection at St Lllartll)s li."￿"ch ivorks to assist homeless people in WTe%tminster. A
major element in building ihis endolvmenr is io ensure all chese organisauons have a fit for purpose and sustainable
site ta C2rri." oiit their aims 2Lid charitable objectii-es in support of the Trkider communLtt" and to improi'e the qU￿1t},
OF I￿"0tL theTr" ate ablc to proi-idc. 'Ihc trustccs confirm that thc!- compl!" Nvith thcir dutt- to havc rcgatd to thc
guidance on pubh"c benefit pubh.shed bi" the Charitt" Commission in exercising their poNI".ers and dutie%.
Auditors and audlt inforniation
Each tnistcc, as at thc date of this tcport, ha5 confirmcd that insolar as thci, arc aw￿e.
thcrL is no relci.ant audit information olii"kn"ch thc charitablc COmp￿￿-,S auditor is unawatc; and
the! hai"c taLcn all stcps that thcTr" ought to hai-c taLcn as a 'l'rnstcc in ordcr to maL-c thcmscli'es awirc of
any tclcTr ant audit inFomiation and to cstabh5h that thc charitt-'s auth.tors arc aTrarc OF that infom]ation.

St Martin-in-the-Fields Trust
.IpptoN"ed by d]e B02rd of TrL]Stees
IAlcolm Buder
Chair
Datc.. 7 ilpnl ?0?5

St Martin-in-the-Fields Trust
INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF ST MARTIN-IN-THE-FIELDS
TRUST
Opinion
We have audited the financial statements of St Martin-in-the-Fields Trust (the'charity.) for the year-ended 31 December
2024 which comprise the Statement of Financial Actiiryties, the Balance Sheet, the Cash Flow 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 applicable 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 Aeeepted Aecounting Practice).
In our opinion, the financial statements:
giN'e a true and fair Nieii" of the state of the charity's affairs as at 31 December 2024 and of its loss for the year
then ended.
have been properly prepared in accordance 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 accordance 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
finaneial statements seetion of our report. We are independent of the charity in aecordance Thith the ethical
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 responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to proNide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the tnLStees, use of the going eoneern basis of aceounting
in the preparation of the financial statements is appropriate.
Based on the work we have perfonlled, 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 other information comprises the information included in the annual report, other than the financial statements and
our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, except to the extent otheTh%ryse explicitly stated in our report, we
do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our
responsibility is to read the other information and, ill doing so, Consider M-hether the other information is materially
inconsistent with the financial statement or our knoiiledge 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 mateiial misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have perfonned, w'e 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.

St Martin-in-the-Fields Trust
INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF ST MARTIN-IN-THE-FIELDS
TRUST (eontinued)
Matters on which we are required to report by exception
We have nothing to report in respect of the follomryng matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report to you if, in our opinion:
adequate accounting records have not been kept by the charity, or returns adequate for our audit have not been
received from branches not ￿lsIted by us" or
sufficient accounting records hai'e not been kept" or
the eharity finaneial statements are not in agreement with the accounting records and returns. or
we have not received all the infornlation and explanations we require for our au
Responsibillties of trustees
As explained more fully in the trustees, responsibilities statement set out on page 4, the trustees are responsible for the
preparation of the financial statements and for being satisfied that theTr- giNe a true and fair view, and for sueh 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 Charity's ability to continue as a
going concern, disclosing, as applicable, matters related to going eoneern and using the going concern basis of
aeeounting unless the trustees either intend to liquidate the charity. orto cease operations, or have no realistie alternative
but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuranee about whether the financial statements as a m.hole are free from
material misstatement, M,hether 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
eonsidered material if, indiiidually or in the aggregate, thej could reasonablj be expected to influence the economie
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-eomplianee with laws and regulations. We design proeedures in line
th our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
The exient to which our procedures are capable of detecting irregularities, including fraud is detailed below:

St Martin-in-the-Fields Trust
INDEPENDEKf AUDrroR'S REPORT TO THE MEMBERS OF ST MARTIN.IN-THE-FIEIJ)S
TRUST (continued)
Explanation as to what extent the audit was considered eapable of detecting irregularities, including
fraud.
Based on our understanding of the charity and industry, V+'e identified that the principal risk of non-compliance with
laws and regulations related to regulatory framework for charities. We also considered those laws and regulations that
have a direct impact on the preparation of the finaneial statements such as the Charities Aet, income taxi payroll tax and
sales tax.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements
(including the risk of oi'erride of controls) and determined that the principal risLq were management bias in accounting
estimates.
Audit proeedures performed by the engagement team included:
Inspeeting correspondence Thith tax authorities.
Discussions with management including consideration of known or suspected instances of non-compliance Mryth laws
and regulation and fraud.
Evaluating managetnent's controls designed to prevent and detect irregularities.
Identifjqng and testing journals. in particular journal entries posted unusual account combinations) Postings by
unusual users or with unusual deseriptions" and
Challenging assumptions and judgements made by management in their critical accounting estimates
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at TrThw.frc.or
auditorsres
onsibilities. This description fonns part of our auditor's
report.
Because of the inherent limitations of an audit, there is a risk that we Mryll not detect all irregularities, including those
leading to a material misstatetnent in the financial statements or non-eomplianee with regulation. This risk increases
the more that Compliance Mith a law or regulation is remoi.ed from the eiTents 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 involiTes intentional concealment, forgery) collusion,
omission or misrepresentation.
Use of our report
This report is made solely to the chariws trustees, as a body, in accordance with seetion 144 of the Charities Aet 2011
and regulations made under section 154 of that Act. Our audit M'ork has been undertaken so that we might state to the
charity's trustees 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 responsibilit)- to an)"one other than the eharity's trustees as
a body for our audit work, for this report, or for the opinions we hai'e formed
Adam Halsey (Senior Statutory, Aii(litor)
For and on behalf of Haysmac LLP
Statutory Auditor
io Queen Street Place
IA)ndon
EC4AR
Date:
6 June 2025
10

St Martin-in-the-Fields Trust
Statement of Financial Activities for the Year Ended 31st December 2024
UnrestrACted Restricted Designated Endowment
Funds
Funds
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Income from:
Donations and
legacies
Investments
861 ?94
2,1?? 690
9,983,984
? ?57,868
Deposii interest
Income From lisred
inTr"LStmcnts
34.678
34.678
70,9?7
70,9?7
88,665
Total Income
89i.972
2.193.617
3.089.i89
2,372.995
Expenditure on:
Raising Funds:
Costs oFraising
ITolunt2ry' income
Ini-estmeni
mAnAgement costs
Charitable activities:
i70.1 ?4
67.i3i
637,6)9
634,937
14,112
14,11?
13,034
C2pit21 project
2(K),?24
200,224
Grani making
ii9.603
2.8i8.i83
l)? 398
3.i70.i84
1,180.171
Total Expenditure
1,1?9,7?7
2,9?6,118
35? 6??
14,11?
4,4?? 579
1,828,142
Net (Losses) / Gains
on Investments
314.780
3?0.419
?60,900
Net Income /
(Expenditute)
(233.7)))
(726.869) (3 j? 6??)
300.668
(1.012,578)
805,753
Ttansfet between
Funds
(440.036)
(16.133)
i66.169
(i 10.000)
Net Movement An
Funds
(673,791) (743.00?)
213.i47
190,668
(1,012,578)
805,753
Tot21 Funds Brought
Forward
1,101,009
1,337,864
3,063,9iO
5,502,8?3
4,697,070
Total Funds Carried
Forward
4?7 ?18
i94,862
213,i47
3 ?54,618
4,490,?45
i,50?,823
All reCO￿lSed gains and losses lor the Tr"ear are included in the Srarement of Finanaal ,IctiNiues. The results all relate to
continuing activities.

St Martin-in-the-Fields Trust
Balance Sheet as at 31st December 2024
2024
2023
Notes
Fixed Assets
In￿"estments
3 ?Oi,784
3,0?2,383
Current Assets
Dcbtors
94,909
2,8(A,368
169,181
2,5?? 8?4
Cash At bank And in hand
2,959,277
2,692,005
Creditors.. amounts f2lling due
within one )Tear
io
(1.574.816)
(61,56))
Net Current Assets
1,384,461
?,630.440
Crcditots.. amounts Falling due aftcr
one year
li
(i(K).000)
(liO,000)
Net Assets
4.490,24)
i.iO? 823
L'nrestricted Funds
Restricted Funds
4?7,?18
i94.862
213.i47
3 ?54,618
1.101,009
1,337.864
DLsignatcd Funds
EndoTrTrThent F'unds
14
3,063,950
Net Assets
4.490.?4j
i,iO? 893
These finanaal statements haN"e been prepared in accordance iiith the special proi'isions of Parc 15 of the Companies Act
2006 relating to small companies.
Approired bTr the Trustees 2nd xuthorised for use
Malcolm Butler
Trustee
Dale:7 _Ipnl 2025
The notes on pages 14 to ?? fonn part of these fmancial statements.
12

St Martin-in-the-Fields Trust
Statement of Cash Flows for the Year Ended 31 December 2024
2024
2023
Cash flows from operating activities
(Deficit)/surplus for the fmancial l.ear
,Idjustments tor:
InN"estment incomc and intercst
(1.01 ? j78)
805.7)3
(IOi,60i)
(3?0,41?)
(115,1?D
(260,900)
Losses
on investments
Dcctcasc/(increasc) in tradc and othcr
debtors
74.?71
(40,889)
Increase/(decrease) in trade and other
creditors
I,)13 ?iO
(26,687)
Sub-total
148,9?6
362.lio
Net Cash from investing activities
Purchase of investments
Sale of inTr estments
(2.J"44.282)
2.481,738
(443)
IOJ,60i
(1,236.026)
1.194.754
29,414
115,127
NloTr"cment in portfolio cash
Interest received
Sub-total
?4?,618
103.?69
Cash flows from financing activities
Repa)'ment 0£ loan
(iO.O(M))
(iO,000)
Sub-lola/
{iO,O(X))
(iO,000)
Net increase/(decrease) in cash
and cash equivalents
341.i44
415.419
C2sh and c2sh equivalents at st2rt of
}-ear
2.107.405
Cash and cash equivalents at end of
the year
2,864,368
2,5?? 8?4
13

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
l. Accounting Policies
Company Inforniation
st NIArtin-in-the-F'ields Trust is a companTr" limited bl- guarantee 2nd registered in England ￿]d Ix'ales, registration number
4986630, and a rcgistered charitt- no 1110406. "Ihc rcgtstcrcd oFficc is i St NIartin's Placc, .1 rafalgar Square, London
VC2N 4JH.
Basis of preparation of fin2nC121 statements
'Ihe Imancial stitemcnts has"c bccn prcparcd in accordancc ivith ..Iccounting and Rcporting b}. Charitics: Statement OE
Recommended Pr2ctice Xpplicible to charities preparing their accounts in accord2nce ￿1th the Financi￿ Reporung
%iandard applicable in the UK and Republic of Ireland (FRSIO?) (effecrii-e.January- _
?Oli) - (Chanties %ORP (FIL%102)),
Ihe Finanaal Reporting Siandard applicable in ihe L K and Republic of Ireland (FIL%1 O?) and the ("ompanie8 ,Ict ?006.
st LNIattin-in-the-Fields TrL]si meets the deffftition of a public benefii entitt- uiider FILSIO? .Issets 2nd liabilities &re
initialli, rccogniscd at historical cost or transaction i-aluc iuacss othcThfftsc statcd in thc rclcN"ant accounting policTr notc.
The financi21 statements prepared in sterling (n.
The accounts adopt 2 going concern basis iN-hich assume th2t the compan!- Tri-tll continue operate for the Eoresee3ble
tc and a minimum pcriod ol ttN"cli-c fftonths from thc ipproi-al ol thc fmancial statcmcnt. 'I'hc 'lrustCLS do not
consider th2t there is 2ni- m2terial uncert2inti- in connection iiqth the chariti-'s abth"ti- to operxte on this bisis.
Incoming tesources
Donations Are credited to the statement ol ftt12ncial acttt-lties ivhen thei- are made as-ai12ble to d]e charitv. Donations
indudc the tLlatLd tax cretht %4-hctL appb"cablc. Grants and Icgacics to dic 'linst arc accountcd Fot N4"hcn tLCLLS'cd or as
soon 2S the Trust is probxbli.- cert41in of the amount due.
Costs of raising voluntary income
ll thc costs of taising voluntary incomc rdate to thc ch￿ItiblC objcctii-cs of thc Trust.
These costs include support costs. 11,ithin support costs. goN-emance costs comprise statutor).. comph.ance costs incluth'ng
Ihe costs of auditors and insurance.
Grants
Grxnt expenditure is recognised further to be 2 grant being 211".2rding bi." the trustees, the commitment being
communicated to the recipient and ani" quah'fiing condiiions ot rhe grani being me(.
Unrestricted, Restricted, Designated and Endowment Funds
Funds which hai"c bccn donatcd for gcncral putposcs iiqthin thc objccts of thc chatitt.. haN"c becn accountLd for
as Ui/nJ"t17¢'tedPundJ'. ReJ'fn&'tedPMnkn" are funds iN'kn"ch h%i"e been gl-en to the Trust for a specific purpose iiithin the range
of chaniable actiTrities OE %t hlarun-In-che-Fields. DeJ'igiwled fuiidf are funds se( aside bi- the Trustees for the Capital
ptoject. FnJowmeMI Fuii&" are Funds which h27-e been gii-en to the Trust or set aside bF the trustees with the iiitention th2t
thc FLmds atc ini"cstcd to hclp Eund thc long-tcrm maintcnancc and plant rcplaccmcnt ptogrammc of St ￿l￿￿-iti-thc-
Fields.
Pensions
The compans" contributes to the personal pension 2rrdngements of its st2ff. Contributions payable ate charged to the
Statcmcnt OF fmanciil acti￿"ItieS iti thc thu- arc paliblc.
Investments
InTr"estn]ents Are valued ir market i'alue. It is the Truses policF to keep *-aluations up to date such that TrTrhen investments
arc sold thctc is no w or loss atising. ils i rcsul¢ thc Statcmcnt ol Financial .,Ictisitics onl!, includcs those unrLalisLd
giins or losses ￿lSing from the rei'alu2ti0n of the ini"estment portfolio thro￿hOUt the }ear.
14

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
2. Donations and I£gacies
Utttestricted Restricted Designated EndoThTrnent
2024
2023
Other donations
Legac}" income
795,189
136,10)
11??6
1817,879
136,105
? ?97,868
30,(KH)
? 1??6W)
? 983,984
? ?57,868
Total
Unrestncted Restncted Endoment
Total
2025
Oiber doiuhous
gac7e
1.410,687
817181
30.000
2,227,868
30,000
1.410,687
847,181
2,2) 7,868
3. Deposit Interest
Unrestricted Unrestricted
Total
Total
2024
2023
Deposit interest
34.678
?6,46?
4. Income from Listed Investments
Total Total
Restricted Restricted
2024
2023
Listed inN"estments income
70.9?7
88,665
15

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
5. Raising Funds
Unrestricted Re5tsicted Dt5igDated Endov4Tiellt
Funds
Fund
Funds
Funds
Total filnds
Total filnds
Cost of raising N oluntAn" income
6",,i35
634,936
Inve5tmEnt Nlanagemellt cost5
14,11•
14.119
13.033
.i3i
6il,
(A-,,969
Suppori and governance costs are allocated to cosrs of raising i-olun(an-. tncome. GoNernance included the auditors.
ren]uner2tion of £7,9?0 (?023: 0,9?0).
TotAI
2025
Unrestncted Restncted Endowment
CO￿lS of rll3s3ng voluntllll IHLome
601,938
634,936
13,033
13,033
601.938
13,033
647.969
6. Charitable Activities
Unrestrirted
Funds
Restrirted
Funds
Designated
Funds
Total fvnds Total funds
2024
2023
Capital Project
Grant5 to PCC of St Martin-in-the-Fields
Grant5 to St Martin-in-the-Fields Ltd
Grants to St Martin-in-the-Fields Charity
Grants to Vicars Relief Fund
Grants to Connection at St Martin-in-the-Fields
Grants to Bishop Ho Ming Wah Association
200,224
200,224
914,968
581,430
63,161
396,810
157.793
518.158
312.207
63.161
783,418
323,356
55,162
5,0(X)
111,430
1,961.749
3,308
2,8￿,$83
40,968
2,002,717
3,308
3,770,808
13,235
1,180,171
559.603
352,622
Total
2023
Unrestricted RestrACted
Grunts to PCC ofst hgarfiM-iK-Ihe-Fie/d
Grants lo St fylartiii-in-the-fielikn liwited
288.i37
3).177
494,881
?88,179
5j,16?
783.418
3?3,3)6
55,162
5.000
13.?3)
GraKfJ' lo rhe Ctsnne¢'lion ai St-'Ilartin-in-Ihe-Trield
I raKs]èr o]'FMA
i,OtK)
13,?3)
3?8.714
851,4)7
1.180.171
16

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
7. Trustees and Staff
Total
2024
Total
2023
Vages 2nd s￿aries
social securitF Costs
Pension
395.??6
M,628
10,905
?87,159
31.887
7,039
450,7)8
86.587
326,086
63,157
Agenc! & subcOn￿Ctors
i37,345
389 ?4?
The ai'erage number of emploiees working on Ihe actii-iues of the Trusi was 8 (?023: 6). None of the truscees
receiiTed an}. remuneration or reimbursemen( of eEpenses from (he Trusi in ?0?4 (?0?3: none). The number ot emploTrees
hose emoluments amounted to oTh'er £60,000 ILI the !-eariTr-2s 2 (?0?3.. 1). The Trustees hai'e identified ? Le!" NI&nagernent
Pcrsonel in thc I-car. 'I'hc emploTr"cc bcncfirs OF thc Lc!- n]anagcmcnt pcrsonncl ol SNII'I'F 'linst TrcrL £17? 100.
8. Fixed Asset Investments
Total
2024
Total
2023
Ijsied Ini"estments:
l&rLet Value at l January"
Ildditions
3,003,7?1
? 701,i48
? 344,?84
1 ?36,0?6
?,481.738) (1,194,77?)
3?0.41?
?60.900
L'nrealised revaluation Ooss)/gai
3,186,679
19,105
3,003,7?1
18,662
Cash hcld as part OF portfolio
IKCarket Value at 31 December
3 ?05.784
3,0?2.383
Historic Cost at 31 December
1,96? 939
1,97i,383
17

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
9. Debtors
Total
2024
Total
2023
AmoLmts owed bi: the PCC of St ts12rtin-in-the-fields
Amounis owed bTr" St Trlartin-In-the-Fields IJmi(ed
Trade Debtors
CJiFt 2id debtot
PrLpaTrmLnts and accrucd income
Other debtors
3,212
4.400
6.193
101,484
50,607
3,286
1.118
175
40,7iO
50,46)
94,909
169,181
10. Creditors: Amounts falling due within one year
Total
2024
Total
2023
.1 rnde Crcditots
iknounts oTh"ed to Cotmcctcd Entitic5 (scc Notcs I l and 16)
,Iccru21s
Grants Accrued
6,)64
50,000
8.4iO
I,i09.80?
5?,379
7,9?0
I,i74,816
61,)65
.Imounts oTred to c.onnected Entities comprise £30.000 loan From the I'icar's Ciener21 Fund.
CJf2ntS Accrued represents the amounts Th"hich has been coiitracted To The c.onnection In relatioii to the St IKI2rtitis I Iouse
rcstrlctcd Fund at thc end OF ?0?4 and schcdulcd For palmcnt in ?0?5
11. Creditors: Amounts falling due after one year
Total
2024
Total
2023
Amounts owed to Connected Ch2riries
ioo,tK)O
150,000
The loan from a connected charitt" refers to The Tr, Icar's General Fund (see Notes 10 and 16).
18

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
12. Restricted Funds
Balance at
ljan 2024
Transfers/
Balance
Income Expenditute Investment 31 Dec 2024
gains
Restncted Fund
Building
C.apitAI I Ieritage
ChinLSC CongrLgation
Christmis Appeal
Friends of St Thlaruns
I le2riEdge
HomelLSS
Music
Refugee Ixlelcome
Restricted Other
Restricted Other: .%IKIITFL .Support
St NIartin's Housc
Theolog!.. Being NTrith
Theology.. Companions of Na7areth
The Connection 2t St LKlartins
66,167
119,97i
31,8(K)
(14?,407)
31,800
30,1?3
?8,)04
114.i78
13,666
1?5
54,962
33,431
2?,79)
1?7.767
19,67)
(3,308)
(57,i63)
(20,43?
(88,305)
(3? j25)
(89,059)
(16,000)
(46,798)
(31? ?07)
(1,901,ii4)
(136,390)
(20,i70)
(iO,000)
63.?7?
1.611
47)
41.933
10?,088
17.738
i9,834
60?,j9j
178.i91
-H).01 I
?)? 373
1,4i7,i87
?6.Oi3
10.951
(16,133)
133,496
68,254
3).391
50,0(KI
1,337.864
2.193.617
? 9?6,118)
(10.501)
594,862
Restricted funds are raised bi. Ihe Trust for speafic projec(s of the benefiaan- chanties as set out aboi'e. The main
filnds 2re:
C2Plt21.. St l12rtin's House - the Tru*t is fundraising for a c2PIt21 project, a shelter for NN"omen experiencing
homelessness in l.ondon. The proiecr ini'oli-es ihe renoi'ation of an eEisting centre and building a nell-, one nexc to it.
'"e ate pattnering N4qth The Cotinection ar St tsIarrin in the Pields 2nd this particular fund collects donatioLlS meant for
thc projcct.
Theolog!.. Being 11 Ith - Being IT ith is a Chn"sti2n enquirers course, designed to help people discoi'er (or rediscoi'er
Iheir faith and return to church communities. In Ihis ii-a!-. Being 11 ith aims io help grO￿T congregations across che LTI<
Friends of St Nlartin's - this FLmd includc5 all thc donations raiscd bl- a group ol congrcgation mcmbcrs Clhc Fticnds
of St N12rtin's) ini". gain or loss on ini"estment.
Building- the Eund collects the income from in endowment made For the church buildings as Nvell as don3tion fron]
donots and it is used ro pi!-. Eor maintenance 2Lid repairs of these buildiLigs.
Music - these are funds rnised to support the i"ariou* music projects at St NIartins inclu(h"ng. Chorll Scholars, St Mlrtin
Voices and Si NIartin's N'oices Fellows - The fund supporis (he felloii.ship scheme ii.hich proiides an opporcuniTh' Eor
eiglit singers to enjoTr" SiLI intensii"e, focused period OF training iTrith others of 2 similar siand2rd and interests 2Lid is an
intLgral part OE the exciting chotal music progratnmc at St ilIartin-iii-thc-Ficlds.
Refugee IXlelcome- the fund has been created 10 suppor( refugees coming 10 (he L'K. especiall! Ukrainian refugees
initially.
Homeless - thc fL￿d is mcant to Fund projcct5 targctcd to support homclcssncss ptojccts.
Other Restricted filnds consist OF ArchiN e, Capital Infr2Strncture, N2z2reth Community and Sund&}. Internation31
Gtoiip.
Other Restricted . SNtITFL Support. one off fund yfted as restricted funds to the PCC subsidi2n'
%[ Martin-in-the-Fields ljmiied. in suppor( of the PCC'S chanrable acriiiries and income-generating actiiryties, and
also in line with the iTrishes OF the Trusr's donors.
19

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
12. Restricted Funds (continued)
Balance at
Balance
Ttansfets 31 Dec 2023
ljan 2023
Income Expenditure
Restricted Pund
Building
ChinLSC Congrcgation
Christmis Appeal
Friends of St Thlaruns
I le2riEdge
HomelLSS
Music
Refugee Ixlelcome
Restricted Other
st NIartin's I louse
'IheologTr": Bcing NTrith
Theolog!.. Comp2nions of N2£areth
Theology and Ill orship
138,358
1?3
88,665
46,)43
?6.698
33.)07
104,389
i7)
31.010
(210,8i6)
(13,?35)
(5i,16?
(16,969)
(147.681)
50,1J)O
66,167
33,431
??,795
1?7.767
19,675
111 ??9
6?,967
31,600
109,411
47.183
?60.38i
36? ?77
?,431
?8,49)
(38,333)
(1,90))
?)9,19?
(11,6?4)
(91,073)
(20,000)
(18,4?6)
10?,088
4).278
77.)71
60? j95
178,i91
?9,731
76.378
?jl,94?
?67,?33
1,??4,144
948,176
(884,4i6)
50.000
1,337,864
13. Designated Funds
Balance at
l Jan 2024
Balance
Transfers 31 Dec 2024
Income Expenditure
C2Plt21 Cimpiign Fund
(3i2,6??)
566.169
213,i47
'I'hc dcswiated Eund atc donations tccciTr"cd Eot capital projcct lot thc ren￿7<￿1 of thc hcritagc build￿gS 3t St Martin in thc
Fields. These donations were transFerred from unrestricted funds carried lorw2rd from ?02).
14. Endowment Funds
Bglaftce at
ljan 2024
Unreolised
Gain
Transler
Balance at 31
Dec ￿24
Income Expenditure
Endowmcnt Fund
3,063,9iO
(iio,(th)
3,2>1,618
As at the i".ekr end, the endolment funds Ni"ere held as follows:
Total
2024
Total
2023
C2t21vst EYpend2ble (to be held unttl ?037)
F.xpendable
3 ?54.618
2,953,950
i 10.000
3 ?54,618
3,063,950
20

St Martin-in-the-Fields Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
14. Endowment Funds (continued)
Putpose of Endowmettt Funds
Onc OF thc objccts OF thc "I'mst is thc ad&"anccmcnt ol the Chn"stian rclw.on for thc pubb'c bcncfit bsT thc rcpait,
MaInten￿Ce and improi"ement of the Church of St ￿lartIn-ln-the-FielaS (the "Church,) 2nd 2ll other properties
in the Church and such other buildings as mai" be used for ii-orship b!" Ihe PCC of the F.cclesiastical Parish of %t
l&rtin-in-the-Pields, so that the c.hurch and such other buildings can contiiiue to be used for religious Tr&orship.
The Endolvment F'und represents FuLids r2ised b!" the Trusi, or set 2side bi- the trustees, ￿-hICh 2re ini'ested I￿1th
thc intLntion that incomL from such ini-csttncnt bc uscd lor tkn"s chAritablc Pu￿oSe. 'Ihc cxpcndablc portion
of the Endowment fund Ni-ould be utsh'sed at the discretion of the trustees lor the s2me charitable purpose. In line
with the tenns of the Hentage IA)ttery" Fund ca￿li-S[ Granr. £2m (plus an!, capi(al appreciauon on ini'ested sums)
OF the endO￿￿Thellt Funds ivill be maintained as 2 capital fund until ?037.
Balance at
ljan 2023
Unrealised Balance at
gain 31 Dec 2023
Income Expenditure
J03vmeRt
2,828.414
(13.033)
248,i70
3,063,9iO
15. Analvsis of Net Assets between Funds
Untestricted
Funds
Restricted Designated Endowment
Funds
Funds
Funds
2024
Total
Ini'estment Assets
101.089
?.003.i7i
(1,509.80?)
3,104,695
149.923
3,205,784
2.9i9,277
(1,574,816)
Current Asseis
Current Li2bilities
I.ong-tenn
Liabilities
j9? ?32
(6i.014)
213,i47
(ioo,000)
(ioo,000)
4?7,?18
i94,862
213,i47
3,?j4,618
4,490,245
Unrestrjcted
Funds
Restncted
Funds
EndoTvment
Funds
2025
Total
IniJe.flment AsJ8t
C#rrenlAI'sels
3.0?? 383
41.566
3.0?? 383
2.69? OO)
(61,i65)
(150,000)
1.31? j7)
(61,i6i)
(l iO,fflO)
1.337,864
I,ioi.oio
1,337,864
3,063,949
5,50? 823
21

St Martin-in-the-Fields Trust
16. Re12ted Party Transactions
TiTro of the trustees of the Trust 2re members of the PCC of St J12rtin-in-the-Fields. Grants paid to the PCC in
?024 were LTI 3.968 (2023.. £783.418). The PCC ON￿ed the Trust £?.401 at the 20?4 1:e%r-end (?023.' £1 ?40).
Two of the trustees of the Trusr 3re persons iiith Si￿11ficant control oi-er St N12rtin-in-the-Pidds LAmited (the
trading subsidian- OF thc PCC). Grants paid to St btartin-in-thc-Ficlds Limitcd in ?094 ￿TCre £581,430 (2023: £323,356).
In ?024 St IKlxrtin-in-the-Fields Lll￿ted recharged to the Trust st2ff costs of £4iO.7i8 (?023: £3?6.(186) and other
management charges £36.000 (2023.. £27.886). ,It the ?0?4 1-ear-en(L St NIarun-in-Ihe-Fields I.imiced owed the
Trust £4,?11 (2023: 4,4(MJ).
Onc OF thc tmstccs OF thc St Nlartin-in-thc-Ficlds "I rust ts A trustcc ol'lhc ITicar's Gcncral Fund, which has
proN"ided 2n interest Free loan to the Trust of LiOO.O(M) i1.￿"ch has been lulll dr2NNm do1￿￿. The loan is repiyable at
?017. Il-hich is disclosed iiichin Noce i n, being "Creditors: .4mounts
a raie of £50,000 per Tr-ear from 1st Januan- _
Falling due within one Tr-ear", and note I I, being "Crediiors: .kniounts f2lliLig due 2fter one l-ear"
The Trust has one Trustee in common Nwith the St Nlartin-in-the-Fields Charih." which also includes the ITicar's
Relief Fund. Qirants to the St fvIarun-In-the-Fields ChariTh" and I'icar's Relief Fund ￿ere £i,000 (?023.' £i.000).
C.hristm2s .4ppe21 don2tioLlS li.ere receiTr-ed b!- the Trust OF £63,?7? (?023: L?6,698). Li? 563 was tr2iisferred to
the Ch2ritt- OF N4,hich L?? 795 related ro ?023 donarioiis and CJiFt.lid. The 2mount rem3ii]iiig to be transferred at
end o120?4 is £?8,i04 (sLe notc l?).
The Trust has one Trusiee in common I￿[h che Connecuon ac Si ilIarun-in-che-Fields. Grants to the Conneccion
at St NIattin-in-the-Pields which inco￿OrIteS St Thlartins I louse ￿7S £2,00? 717(?0?3". £Nil).
22