Chaiity reglstratlon number 1145202 {England and Wales)
Company registration number 07867602
GUILDFORD POYLE CHARITIES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

GUILDFORD POYLE CHARITIES
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrs Deljorah Drury {Grants Chair)
Ms Nicola Freeman
Mr Matthew Gray {Joint Chair of
Finance & General P￿￿oseS
Committee)
Mrs Moyra Matrdvers
Mr Tim Metson {Joint Chair of Finance
& General Purposes Committee)
Dr Jonathan N¢Jrris
Mr Mike Evans
Mrs Sandra Robinson
Mrs Alison Bass
Mr Robert Kiley (Chair from 23 May
2024)
Mr Matthew Roberts (Deputy Chair
from 23 May 2024)
Mrs Kathryn Mills
Ms Audrey Howells
Mrs Amanda Cretse
MrAndrew Hamilton
Mr John Wdrchus
(Appoirrted 23 May 2024)
(Appointed 23 May 2024)
harity number (England and Ylales)
1145202
Company numb•r
078676IY2
RaglstBrad offic8
208 High Street
Guildford
Surrey
GU1 3J8
Independent examlner
Stephen Meredith FCA DChA
Alliotts LLP
One Ground Fboi
3 London Square
Cross Lanes
Guildford
sUr￿Y
GU11UJ

GUILDFORD POYLE CHARITIES
CONTENTS
Page
Trustees, report
Independerrt examinerfs report
Statement of financi￿ activtties
Summary income and expenditure accourrt
Balance sheet
10
Note8 to the financial statements
11-23

GUILDFORD POYLE CHARITIES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trusteés present their annual r6POrt and finanrial statements for the year eThJed 31 December 2024.
The financial slatements have been prepared in accordance with th8 accounting policies set out in note 1 to the
finan¢ial statements and Comply with the Charity's memorandum and artides of association. the Companies Ad
2006 and "Accounting and Rèporting by Charities= Statement of Re￿mmended Practice applicable to charities
preparing their accoun15 in acccrdance with the Financial Repo￿.ng Stsndard applicable in the UK and Republic ol
Ireland {FRS 102) (effectiV8 1 January 2019)"
Objectlves and activitles
The aims and objeo*ives of the Charity are-.
The relief of financial hardship, either generally or individually, of people liwng in Guildford Poyle Charities,
area of benefit by making grants of money for providing or payirKJ for items, services or facilities.
To enable social inclusion for the public benefit by making grants of money to individuals or organisations
so as to prevent people from becoming soaally excluded, relieving the needs of those people who are
socially exduded and assisting them to integrate into society.
The Trustees have paid du6 fegard to gUIdar￿ issued by the Chaiity Commi&sion in decidiry what activities the
Charity should undertake.
Review of Activrligs
During the period under review. a total of forty-three grants were made to organisatFons assisting those in need
whose aims met the Trustees. guidelines (for more intormation see below). These grant award5 totalled £109,761.
Twenty of these grants were to schijols to ￿ used for uniform and school trips. Due to a few adjustments fr
retumed grants £108.971 was actually paid out
Nillety-six grants were awarded lo individuals and totalled £24,886. Twenty-one grants were rejected because the
applications did not meet the Charty guidelines. During the year some grants were not taken up and some grants
underspenVovet5Pellt for various reasons. Grants actually paid during the year totalled £21,285. Two grant
payments were made to inthviduals for grants agreed in 2023. At the end of the period seven grants ¥here still due
to be paid totslling £1.227. Post year end £176 of these remaning grants were not tsken up. 11 1$ also expected
£149 will be returned for part of a grant not spent. Examples of assistance given included white goodslelectrical
items, fumiture, clothing and contribLrtions towards flooring. Ajthough awarded during the year, there was one
grant with a small overspend, This amounl was approved by the Indimdual Grants Chair.
Two small awards were made to inthviduals carrying out domesiic work fc* dients of Home Support SeNice$
{Guildfordl who were thosen lo take part in the 2024 Guildford Poyle Dicing Ceremony. This event took place
under the terns of the wills of John How and John Parsons who left a small Sum of money for this putpose at the
turn of the 17th century.
Grant Making Policy
Applications for grants are received direct from individuals and from various statutory and volunlary bodies
working wth those in need. Applications from individuals 8re reviewed against ojrrent working guidelines and
decisions made at regular intervals by a committee comprising three Twstees and a member of staff.
Decisions on grant application awards to organisations are rnade by a committee.
Guidelines for grant making for both individuals and organisations are reviewed annually to ensure that they
reflect Ghanging circumstances.

GUILDFORD POYLE CHARITIES
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlgvements and performance
The on-going wcKk of awarding grant5 in a tinEly, efficient and effe(*ve way &*es up the majority of the
working time of the staff and the Trustees.
In addition, particular points to TrJte for the charity during the year were..
During the year Barry Marshall retired as a Trustse. Al Trustees thanked him for his Gontrtbulion
over the last eight years. Two new Trustees were successfully appointed.
At the AGM in May 2024 a new Charity Chair, Robert Kiley Deputy Chair, Matthew Roberts
We￿ appointed.
During the Year the Grants Chair role was split to have separale IndividL￿1 and Organisation
Grant Chairs. Debbie Drury remains as the Organisation Grant Chair and Andrew HanNlton took
on the Individual Grar)I Chair role.
The budget for the year was under continuoLJS review given the current economic circ4Jmstances.
During the year Trustees agreed an additional draw of £10k lo the budget agreed at Ihe
beginning of the year. By the end of the year t￿ fiJll draw Iransfer from the fund was not
required, mainly due to grant applications being lower than expected and potential propety
repairs not taking place.
Updated poliaes were agreed.
Grants, Guidelines were reviewed and amended to rellect thange$ in need
or circumstances.
The time period to take up Fumiiure grants was amended to four weeks to ty and assist with
take up of these gr8nts.
Supplier costs for white goods InC￿ased during the year and is expected to c￿Inue at this level
inta next year.
The individual grant application form was amended to ensure it is easy to complete online and
as a hard Copy. This was ryrculated with a covering email prrjnoling grants to all referees who
had applied on behaFf of dients during the last two years. This will a150 be arculated to other
¢onlacts durin9 2025.
During 2024 staff and Trustees attended several ￿tWOrkIng events and wsited organisation
grant recipient events to witness the impact of the grants.
The increase in the 'Dicing Ceremony payments took effect in 2024 vthich had been agreed in
2D23.
During 2024 the propety remained ￿ the market for a possible sale. By the end of the year
couple of offers had been received but none had been taken any further.
In Q4 2024 the Trustees cornpleted a review of Rathbones. the current investment Managers.
Sarasin and Partners were subsequently appointed with the aim to complete the transfer by the
end January 2025.

GUILDFORD POYLE CHARITIES
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Examples of Organlsatlon Grants Awarded from the Income Fund during the Year
St John's Church St John's Communlty Support (SJCS) requested a grant towards providing frozen meals to
families suffering food povety during schocA holidays. The service is Nn by Voluntee￿ and referrals are received
from a wide number of agencies supporting peLy18 in Guildford. They are aiming to support one hundred plus
families assuming ￿X distributions of meals in a year. They have previousty received Poyle funding for similar
projects particulaty during Covid restriclions. Therefore, Trustses aweed a grant award of £2,500 for on8 year to
March 2025.
Reskilled Year 3 - Running Costs a wood workshop to help marginalis8d individuals (age 25 to r6tirement) who
have been unemployed for more than a year. to move on to sustsinable employment. The aim of the workshop is to
raise confidence, transferable work skills and faialitate voluntary {or paid) worl(. Participanls attend one day a week.
they leam to Use machinery etc. and make good qualty produds out of recycled wcod some of which will be sc4d.
Poy16 has contributed funding to this projecl since tts in￿PtiOn. The grant was agreed in fv11 £3,750.
St C8th8rlne'8 Approvod Premlses a project whth aims to assist ex-affenders rehabilitate into the community by
addffssing issues such as employment Ipurchasing work tools and dothingl, housing (by wr¢ha$ing h￿sehold
goods such as pots and pans, fumbture etc) and education (funding for courses)- Residents are monitored closely
to protect the public and staff help to prowde opportunity for residents to integrate back into soaety Safely and
positively. The fvll grant £1,500 was awarded.
FinanGial roViOW
The net operating deficit for the year was £76,747 {2023 - £75,180) befo￿ investment gains of £167,503 {2023 -
£179,002) and fixed asset propety revaluation of £6.260, ￿SuItIng in a net movement of funds Cf £97,016 12023 -
£103,822).
Total ￿ndS stood at £4.816,134 at the year end {2023 - £4.719,118) and were represented by endowment funds of
£4,766,21612023- £4,667,550} and unrestricted funds of £49.918 (2023- £51,568).
Reserv8s Pollcy
11 is the policy of the Charity that free reserves (unrestrided funds wh￿h have not been designated for a specific
purpose and those represented by fixed assets) should be maintsined at a level of £50,000 to cover a ￿e1Ve-
month period of overheads, lo enable continuity of operation rather than grant giwrbg. In th8 worst case scenario,
it would also enable a cmlrolled shut down of the Charity.
At 31 December 2024 free reserve5 Stood at £49.918 (2023- £51.568).
Investmont Policy
Any unieslTIGted caprtal is held in Guildford Poyle Charities (charity number 1145202}. whilst the endowment capital
is held by its subsidiary. The Poyle Charity (tharity number 1145202-1).
There are no restrictions on the Charity's prjwers to invest. The investment policy is set by the TNstees
consider the capital growth, income ￿quIrements. the risk profile and the investment manager's view of th& market
prospeGls in the rnedium term. The Charity invest a proportion of fijnds in propety which gen8rate5 income as w811
as providing office a¢¢ommodation for use by the Charity.
The Tru5tee$ meet the investment manager annually to review perf0m)an￿ and discuss investment policy.

GUILDFORD POYLE CHARITIES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Total Re￿rI]
The Poyle Charity subsidiary invested endowment generates capital growth and interesvdiwdends which are
reinvested. Trustees determine from time to ttme the proportioyt of the investrnent which will be converted to income,
in a¢￿)[dance wth guidelines d&signed to ensure that to the extent p05sible, the income and ihe Trust for
Investment (see below) are at least inflation protected and sustainable over the long term. As in 2023, the invested
fund of the Charitses delivered less than the infiation pbjs 3 to 4% target albeit perforrning better than other
performance benthmatks.
The Charity rules for determining income take a view over a S y@ar period to allow for significant variation in the
market. The Gushion of Unapplied Tolal Return IUTR) built up over the years enables the Charity income to be more
consistent. The Charity receive quarterly reports from the fund manager and have an annual review meeling with
the investment manager.
The initial values of the Trust for Investment (the value of the pernianent endowmerrt) and the Unapplied Total
Return IUTR) were estsblished by a decision of the Board of Trustees on 25 October 2018. to approve the proposal
from the Finan￿ and General PurFoses Committee (F&GP), to take effect from l January 2019.
The initial value of the Trust for Investment was set at the value of the permanent endowment fund invested in the
stock market on 31 December 2008, bèing an amount of £2,424,155. Tlis date was chosen because it was the first
time that all the endowment funds of the Charity were combined. The initi'al value of the UTR al 1 January 2019 was
£1,278.650. The value of the Charity's building was exduded from the TNst for InvestmenL
None of the Trust for Investment has been allocated to the UTR and no re￿uprnent has been made from the UTR
into the Trust for Investment in the period.
The Charity received advice on the generality of total return investing, the guidelines for oxverting UTR to income
and the Sustainability of the income from MrAlex Dow of Rathtxines. Mr Dow is a Chartered Fellow of the Chartered
Institute for Securities and Investments. holding the Diploma, and is also a Chartered Finan￿al Analyst
Charterholder.
Risk Managemènt
The Charities m8inlain a Risk Register to record perceived risks to busin835. operations and reputation. The
Trustses have reviewed the register and consider that the charity has taken appropriate measures to mitigate these
risks.
Plans for future perlods
The Charities intend to continue to provide grants lo individuals and organisations in line with the objects.
Although the investment environment remans uncertain, the Trustees have deaded not to thange the principles on
which th8 grants, budgets are detsmined. This will be kept under review in the light of need ￿thin the locality and
the prospects for capitsl growth of the investments.
Structure. governance and managoment
Constitution and Govemlng Documont
Guildford Poyle Charities was incorporated on 1 December 2011. having been acted as an umbrella bady for a
number of much older charities. The company is limited by guarantee and is governed by 8 set of Memorandum
ar)d Artides of Association based upon model documents produced by the Charity Commission with ￿gistratIon
number 07867602. The company was registered the Charity Comrrission on 22 December 2011 with charity
registration number 1145202.

GUILDFORD POYLE CHARITIES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees. who are also the directors for the pu￿•Se of company law, and vlho served during the year and up to
the date of signature of the financial statements were..
Mr Gordon Reid (Chair from 19 May 2022)
Mrs Deborah Drury (Grants Chair)
Ms Nicola Freeman
Mr Matthew Gray (Joint Char of Finance & General
Purposes Committee)
Mr Barry Marshall {DepLty Chair to 23 May 2024) (Retired 23 May 2024)
Mrs Moyra Matravers
Mr Tim Metson (Joillt Chair of Finwce & Gener
Purposes Committee)
Dr Jonathan Norris
Mr Mike Evans
Mrs Sandra Robinson
Mrs Alison Bass
Mr Robert Kiley (Chair from 23 May 2024)
Mr Matthew Roberts (Deputy Chair from 23 May
20241
Mrs Kathryn Mills
MsAudrey Howells
Mrs Amanda Creese
MrAndrew Hamilton
Mr John VWard)u$
Mrs Ruth Bothwell
(Resigned 1 FeLYuary 2024)
(Appointed 23 May 2024)
(Appointed 23 May 2024}
(Retired 8 May 20251
Ro¢witmont and Appointment of Trustses
The Twslee5 who have served through the period and since the period end are set out on page 5.
Trustees are chosen for their knowledge of the sector the charity works in or for other specialist knowledge required
to operate a successful charrty. Checks are carried out before a Truste8 is appointed include searching the Register
of Removed Trustees held at the Charity Commission and the Insolvency Register to ensure candidates are eligible
to take up appointment and obtaining an enhanced declaration of eligibility from the candidate.
The board of Trustees comprise a minimum of three individuals but unless otherwise determined by ordinary
resolution, shall not be subject to any maximum. Guildford Borough Counc41 is responsible for nominalirng one
trustee to serve on the Board of Trustees.
Retirement of Trustegs
At each AGM. one-quarter of the Trustees must retire by rotslton vthich is determined by tlThe who have been in
office longest since their appointment.
There is a maximum tem of office of eight years. a￿hoUgh a trustee may be rtrdected for a further four year period
if they are appointed Chair of Ihe Charity or Chair of any of the Comnitiees.

GUILDFORD POYLE CHARITIES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure
On l January 2012 the assets and liabilities, except those ￿ating to a pern￿nent Endowment Fund, were
Irarhsferred from "Henry Smith's or The Poyle Chaiity known as GiHbJford Poyle Charities" Ifomierly Charity
number 1078131) to the new charita￿& company.
Under Charities Act legislation the pemianent Endowrrwt Fund had to be kept in the original unincorporated
Charity- Thi$ unincorporaled charity has now been linked to the new charitable company wa a uniting direction and
given a new charity number 1145202-1.
On 26 JanL￿ry 2D12 the Trustees of the old Charity resigned and the new charitable company became the sole
Gorporate Trustee of the unincorporated charity.
These aGcounts incorporate the r6sulls of both Guildford Poyle Charit￿$ (chartty number 1145202) and The Poyle
Charity (united charity number 1145202-1).
Trustee Inductlon and Tralning
New Trustee8 partieipate in an irKluction session to familiari8e themselves wtth Ihe charity and the conte￿[ within
which it operates. AnN)ng other things. this covers:
The obligations of Trustees
The main documents which set out the operational framevKxk for the chartty induding the Memorandum
and Artides DfAssociation
The charity's grant making guidelines
Resourcing and the current financial p0S￿On as set OLrt in the latest published accounts
FU￿re plans and obiecbves
Talks by relevant speakers are tyganised throughout the year lo help ensure that knowledge of the communtty in
which the charity operates is upto-date and an 'Awayday' is hekl. Nthen required.
The Trustées, report was approved by the Board of Truste8S.
KJ _£/
Mr Robert Kile
Tru$tso
alr of Truste8$>
Oate..
IS*

GUILDFORD POYLE CHARITIES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GUILDFORD POYLE CHARITIES
I report to the Trustees on my examination of the financial statemenls of Guildford Poyle Charities (the Charity) for
the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the Charity (and also its d1￿clor3 for the purr￿&$ of cornpany law}. you are responsible for the
preparation of the financial statements in accc*dance with the requirements of the Companies AGI 2006.
Having satisfied mysew that the financial state￿￿nts of the Charity are rw)t required to be aUdrt￿ under Part 16 of
the 2006 Act and are eligible for independent exanwnation. I report in r8spoct of my examination of the Charity's
financial statements carried out under Section 145 of the Charities Art 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable tlirections given by the Charity C¢)mmission under section 145{5)Ib}
of the 2011 A¢t.
Independont examin6rfs statsment
I have completed my examination. I confimi that no matters have come to my attention in Gonnection wth the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the ChaTty as required by section 386 of the Companies Ad
2006.
the financial ststements do not accord with those records., or
the financial statements do not comply with the accounling requirements of Section 396 of the Companies Act
2006 other than any requirement that the finanoal ststsments give a true and fair view. which is ncl a matter
considered as part of an independent examination., or
the financial statements have not been prepared in a¢0)rdan￿ with the methods and prinaples of the
Statement of Recommended Praotice for accounting and reporting by charities applicable to charities
preparing their finanaal statements in ￿￿rdance with the Fin￿￿al Reporb"ng Standard applicable in the UK
and Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in GQlln8Gtion wilh the examination to which attention
should be drawn in this report in order to enable a proper understsnding of the financAal statements tc be reached.
stephen Meredith FCA DChA
Alliotts LLP
One Ground Floor
3 London Square
Cross Lanes
Guildford
Surrey
GU1 1UJ
Dated,

GUILDFORD POYLE CHARITIES
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrostricted Endowment
funds
funds
2024
2024
Totsl Unrestricted Endowment
fvnds
funds
2023
2023
Total
2024
2023
Notes
com
Donations and legacies
Investments
Other income
10,250
30,602
135,000
10,250
119,849
12,377
32,378
151,000
12,377
136,237
89,247
(135.000)
103,859
(151,000)
Total income
175.852
(45,753)
130.099
195.755
(47,141}
148,614
Rasing funds
6.179
29,344
35,523
6,939
28,798
35,737
Charitable actiwties
171,648
171.648
188,057
188,057
T4)tal charftable expendltur•
177.827
29,344
207.171
194.998
28,798
223,794
Net operating (deficit)
(1,975)
175,097)
177,072)
759
(75,939}
(75,180)
Net gainsl{lossesl on
investments
13
167.503
167.503
179,002
179.002
Net loutgolng)Ilncoming
T￿OUrceS
(1.975)
92,406
90,431
759
103,063
103,822
Other recognised galns and losses
Revaluation of tangible
fixed assets
6,260
6,260
Net movemont in funds
(1,975)
98,666
96,691
759
103.063
103.822
Fund balances at 1 January
2024
51,568 4,667.550
4,719.118
50.809
4.564,487
4,615,296
Fund balan¢es at 31
Decèmber 2024
49,593
4.766.216
4.815.809
51.568
4,667,550
4,719,118
The statement of financial activities indudes dl gains and losses recognised in the year.
Th& statement of financial activities includes all gains and lo$se$ recognised in the year. All income and &xp8nditure
derive from continuing activities.

GUILDFORD POYLE CHARITIES
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
All income funds
2024
2023
Gross income
175.852
195,755
Total expenditure from inconE fvnds
177,827
194,996
Net lexpenditureyincorne for the year
(1,975)
759

GUILDFORD POYLE CHARITIES
BALANCE SHEET
AS A T 31 DECEMBER 2024
2024
2023
Fixed assets
Tangible assets
Investment properties
Investments
15
16
17
48.319
496.681
4,261,321
42,059
557,941
4.108.721
4,806,321
4.708,721
Current assets
Debtors
Cash at bank and in hand
18
1.914
36.530
1,440
29.997
Creditors: amounts falling due within
ono year
31,437
19
(28.956)
(21,040)
Nel Current assets
9,488
10.397
Total assets16ss curr•nt liabilillès
4,815.809
4.719,118
Capital funds
Endowment funds- general
Income fund8
Unrestricted fvnds
4,766.216
4.687,550
49.593
51,568
4.815,809
4.719,118
The company is entitled to the exemption from the audit requirement contained in sedion 477 of the Companies Act
2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 20D6
with re8p8Ct to aCC￿nting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial slatements ft)r the year in qu&stion
in accordan￿ with sectKJn 476.
These financial statements have been prepared in accordance with the provtsions applicable to compani6$ subject
to the small companies regime.
The finanaal statements were approved by the Trustees on ...
Mr Robort
Trugtee
lloy {
air from 23 May 2Q24)
Mr Matthew Grdy
Trust•8
Company Registratlon No. 07867602
10-

GUILDFORD POYLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
AcGounling poll¢le8
Charity information
Guildford Poyle Charib'es is a piivate CLKnpany limited by guarantee incorporated in England and Waes. The
registered office ig 208 High Street. Guildford. sUr￿y, GU1 3JB.
1.1 Accounting convention
The finan￿al statements have been prepared in accordance with the Companies Act 2006. the Charities Act
2011 and "Accounting and Reporting by Charities: Statement of RecomnEnded Practice applicable to
charities preparing their accounts in accordan￿ Mth the Financial Reporting Stsndard applicaè18 in the UK
and Republic of Ireland (FRS 102} {effectNe 1 January 2019).. The charity is a Public Benefit Entty as
defined by FRS 102.
The charity has taken advantage of the provIs￿n$ in the SORP ts chaiities nol to prepare a stat￿nt of
Cash Flows.
The financia statements are prepared in sterfing. which is the fu￿tIOnal currency of the Charity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financia siatements have been prepared Lmder the historical c#)st c(¥)vention. The principal accounting
policies adopted are set out below.
1.2 Going Concern
At the time of approving the financial statements, the Trustses have a reasonable expedalion that the Charity
has adequate resources to continu8 in operational existence for the foreseeable fiJture. Thus Ihe Trustees
continue to adopt the going concem basis of accounting in preparing the finanaal ststemenls.
1.3 Charitsble funds
Unrestricted funds are available for use at the discretton of the Trustees in fvrtheran￿ of their charitable
objectives.
Restricted funds are subject io specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restrictsd funds a￿ set OLrt in the notes to the financial statements.
Endov4ment funds are suty'ect to specific crmditions by donors that the capital must be maintained by the
Charity-
1A Income
Income is recognised when the Charity is legally entitled to it after any perfomiance conditions have been
met, the amounts can be measured rekably. and it is probable that inGome will be received.
Cash donations are rècognised on receipt. Other donations are recogrnised On￿ the Charity has be8n notifi6d
of Ihe donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is reccgnised at the time of the donation.
L8gacies are reGognised on receipt or otherwise if the Charity has been notified of an impending dislribution,
the amount is known, and receipt is expectsd. If the amount is not known. the lega¢y is treated as a
Contingenl asset.
11

GUILDFORD POYLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policie8
Iconllnuedl
1.5 Exponditure
Expenditure is recognised once Ihere is a legal or constructive obiigab'on to transfer economic benefit to a
third party, it is probable that a transfer of economic benefils will be reqUI￿d in setdement, and the amount of
the obligation can be measured reliably.
Expenditure is dassified by activity. The costs of each acbwty are made up of the total of dIr￿t costs and
shared costs, induding support Costs involved in undertaking eath activity. DI￿¢t costs attributable to a single
activity are allocated directty to that actiwty. Shared tx)$1s which contribute to rn0￿ than one ath'vity and
support costs which are not attributable to a Single activrty are apportioned be￿een those activtties on a basis
consistent with the use of reSoUr￿s. Central staff costs are alloc4ted on the basis of time spont, and
depreciation charges are allocated on the portion of the asset's use.
All expenditure is accounted for on the accruals basis indusive of VAT.
- Raising funds compromise those costs directly attributable to managing investment portfolros.
Charitable activities indude grants made together with relevant support and goveman¢e costs.
- Grants are charged in the year that they are approved for payment. No grants are deferred.
- Olh6r expenditure represents those costs not falling inlo other heading8.
1.6 Tanglbl8 fixed assets
Tangible fixed assets are initially treaSu￿d at cost and subsequenty measured at cost or valuation, net of
depreciation and any impairrwtt losses.
Individual fixed assets cogting £SOO or more are catitalis&d at o)st.
Depre￿a￿.0￿15 recognlseo so as to ￿Trte off the cost or Va￿jatI)n of assets less their ￿sidual values over their
useful lives on the following bases:
Computers and Offi￿ equipment
33% Straight line
Freehold land and assets are not depreciated.
The gain or loss arising on the disposal of ￿ asset is determined as the d￿fference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies.
1.7 Investment propertles
Investment property, which is property held to eam rentals andlor for capital appreciation, is initially
re¢ognised at cost, which includes the purchase cost and any directiy attributable expenditure. Subsequently
it is measured at fair valuo at the reporting end date. The surplus or deficit on revaluation is recognised in
Statement of Finanaal Activities.
1.8 Fixed asset Invesbnents
Fixecl as*t investments are Initial￿ measured at transaction pri* exduding transaction costs. and are
subsequently measured at fair value at eath reporting date. Changes in fair value are recognised in net
incomel(expenditurg) for the year. Transaction costs a￿ expensed a5 incurred.
1.9 Impairment of fixed assets
Al each reporting end date, tho Chartty reviews the carrying amounts of its tsngible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the re¢ovarable amount of the asset is estimated in wder to determine the extent of the impaimient
loss {if any).
12-

GUILDFORD POYLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting polldeg
(Continued)
1.10 Cash and cash equivalents
Cash and Gash equivalents include Cash in hand, derM)%ts held at call with banks, t)ther short-temi liquid
investments with original malurities of three months or less, and bank overdraft5. Bank overdrafts are shown
within borrowings in ￿J￿ent liabilities.
1.11 Flnancial Instruments
The Charity has elected to apply the provisions of SectN)n 11 '8asic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charitls balance sheet when the Chartty becomes paty to the
contractual provisions of the instrument.
FinaNGial assets arKI liabilities are offset, wth the net amounts p￿sented in the financial stat8ments. when
there is a legally enfor￿able right to set off the recognised amount5 arKI there is an intention to settle on a
nel basis or to realise the asset and settle the liability simultaneously-
Baslc Ilnancialassets
Basic finannial asgets. whith indude debtors arKI cash and bank balan￿8. are initially measured at
transaction price indu(Jing transadion costs arKI are subsequendy carried at amortised cost using the
effective interest method u￿e$S the arrangement constitutes a finanung transaction, where the transaction is
measured * the present value of the future receipts discounted at a market rate of interest. Financial assets
dassified as receivable within C￿ year are not amortised.
Basic finan¢ial liabilities
Basic financial liabilities. including crediiors and bank loans are initsally recognised at transaction priGe unless
the arrangement constilules a financing transacticn, where the debt instrument is measured at the present
value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not an￿rtised.
Debt instruments are subsequently carried at amortised ¢osL using the effective interest rate nRthod,
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amount5 payable are classified as current liabilities if payment is due within one
year or less. If not. th8y are p￿sented as ￿n-￿￿ent liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effeclive interest method.
Derecognition of financial liabilities
Financial liabilities are dèrewgnised when the Charity's contractual obligations expire or are discharged or
Can￿lIed.
1.12 Employee benefits
The cost of any unused holiday entl￿ernent is recJyJnised in the pertod in vthich the employee'5 services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
lo temiinate the employment of an employee or to provide temiination beneffts.
1.13 Retirement benefits
Payments lo defined ¢C￿lributiOn retirement ben8fit schemes are Charged as an expense as they fall due.
13-

GUILDFORD POYLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Crltl¢al accounting gstlmates and Judgaments
In the applicatK)n of the Charity's accounting policies. the Trustees are required lo make judgements,
estimates and assumptions about the carying amount of assets and liabrlilies that are nol readily apparent
frorr other sources. The estimates and associatsd assumpts'ons are based on historiGal experience and other
factors that are Gonsidered to be relevant Actual results may drffer from these esttmates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the mision affects anly that
period, or in the peri(vJ of the revision and future periods where the revision affects both current and fjjture
periods.
Income from donations and legacies
Unr8strF¢ted unreS￿1Cted
funds
funds
2024
2023
Donations and gifts
10.250
12,377
Investments
Unrestricted Endowment
funds
funds
general
2024
T¢)tal Unrestrt¢Xed Endowment
funds
funds
general
2023
Total
2024
2024
2023
2023
Rental income
Income from listed
inveslments
Int&rest
30.192
30,192
32,067
32.067
89,247
89.247
410
103.859
410
103,859
311
311
30,602
89.247
119,849
32.378
103.859
136,237
14-

GUILDFORD POYLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other Income
Unrestricted Endowment
funds
funds
general
2024
Total Unrestricted Endovnnent
nds
funds
general
2023
Total
2024
2024
2023
2023
Released from Unapplied
Totsl Retum
135.000
(135.000)
151,000
{151.000}
Ralsing funds
Unr8strlcted Endowmgnt
funds
funds
general
2024
Total Un￿Stricted Endowment
funds
funds
general
2023
Total
2024
2024
2023
2023
Investment management
fees
Support costs
704
5,475
29,344
30.048
5,475
986
5,953
28,798
29,784
5,953
6,179
29.344
35,523
6.939
28,798
35.737
Expenditurn on charllable activltles
Unrestricted Unre$tri¢tsd
Funds
Funds
2024
2023
DirpGt costs
Grant funding of actiwties (see note 8)
130,256
146.459
Share of support and governance costs (see noto 91
Support
Govemance
35.194
6,198
35.525
6,073
171.648
188,057
Analysis by fund
Unrestricted funds
171,648
188,057
15-

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
nlsati
2024
Boxgrove Primary School
8urpham Primary School
Christs College
George Abbot School
Guildford County School
Guildford Grovè
Holy Trinity Junior Stho
Kings College
Merrow C of E Intant Scho
Merrow Jur)iors (previously Bushy Hill)
Northmead Junior School
Onslow Infant School
Pewley Down Infant School
Queen Eleanors Junior Sch¢)ol
Sandfield Primary School
St Josephs
St Peters Shared Church - June 2023
St Thomas of Canterbury Catholic Primary Schcx)i
Stoughton Infant School
Weyf181d Primary
Wood st￿et Infants
Guildford Shakespeare Company- Wth my Ey85
st John's Church- St Jthn's Communty Support {sJcs)
Boxgrove Parent Teacher A5sociation- 8oxgrove Young Carers Enrichment Programm8
Salvatson Amy Housing Association (SAHA) Mulbery House- Trauma Informed Care-
Iherapeutic seNices for residents
RASAC Guildford Limited - Men's Support Programme
Surrey Ufelong Leaming Partnership- Guiklford Communty Leaming Centre
South Vvest sUr￿Y DomesticAbuse SerVi￿- Faffish Children's Outreach Selwe
SATRO - Inspiring and Raising Aspirations for Disadvantaged Primary ScPKJol Children in
Guildford
Reskilled Year 3- Running Costs
Hedgels Almshouses - Hedgetts Gard6n Room
Fumiturelink- Upgrade of l.T Equipment & Epos System
Canterbury Care Centre- Drop4n centre assistant manager FositTron & weekly massage
Iherapist
Guildft)rd Town Centre Chaplaincy (GTCC) - Communty Angels
(Vvarehouse Christian Trust Trading as) SKILLWAY- Support 4 Studenls
South West Surrey Refuge Happy Christrnas Project
George Abbot School Young Carers Group
St. Catherine's Approved Premises (National Ptobation SeNce run hostd)
Challengers Guildford Play and Youth Schemes
Delight with Guildford Grove Primary School and Weyfield Primary Academy
The Eikon Charity - Youth Support Practitioner Programme. Kings College. Guithrd
The Emmaus Transformation Trust (The Lighthouse) - Guildford Lighthouse
CHIPS- Be InSpi￿d @ CHIPS
Headway- Core fvnding - specialist support lo brain injury survivors in GuiIdfc￿d
1.C60
4,700
3,050
2,490
2,360
480
2,710
340
250
980
200
390
390
910
520
{288)
88
730
1.740
100
4.000
2.500
4,000
5,000
3,000
3.750
3.750
2,500
3.750
1,500
2.830
5,980
6,000
5,000
600
1.000
1,500
5,000
5,931
4,500
2,500
7.500
3,ODO
Total
108.971
16-

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
{Continu8d)
indi
21.285
Total Grdnts Payable
130,256
Support Costs
Support Governance
¢osts
Costs
2024 Support Govemance
costs
2023
staff costs
Office administrative
expenses
Office expenses
Repairs and renewals
33,316
33,316
32.192
32.192
3.609
3,937
1193)
3,609
3,937
{193)
4.032
4,986
268
4,032
4,986
268
Independent Examination
A¢￿u￿￿n
Legal and professional
3.528
2.394
276
3,528
2.394
276
3,360
2.280
433
3,360
2,280
433
40.669
6.198
46,867
41.478
6,073
47,551
Analysed betsyeen
Fundraising
Charitable activities
5,475
35,194
5,475
41.392
5.953
35.525
5,953
41,598
6,198
6.073
40,669
6.198
46,867
41.478
6.073
47,551
Govemance costs indudes payments of £5,922 12023: £5,fAQ) for accountancy and th8 Indep8ndent
examination fees
10 Net movemont in fund$
2024
2023
Th8 net movement in funds is stated after chaTringl{crediting).'
Fees payable for the indepeTr#ent examination of the tharit￿$ financial
ststements
3,528
3,360
11 Trustees
None of the Trustees {or any persons cmneded with them} received any remuneration or benefrts from the
Charity during the year.
17-

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Employees
The average monlhly numb8r of emFloyees during the year was..
2024
Number
2023
Number
Employmont costs
2024
2023
Wages ané salaries
Olhar pension costs
32.709
607
31,603
589
33,316
32,192
There were no employees wFv)se annual remuneration wa5 more than £60,0￿.
13 Gains and losses on investhbents
Endowment Endowment
funds
funds
2024
2023
Galn¥(losses) arising on-
Revaluation of investments
Revaluation of investment properties
228.763
(61,280)
179,002
167,503
179.002
14 Taxation
The charity is exempt from taxation on ts aclbvities because all its ￿n￿me ts applied for charitable purposes.
18-

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Tangible fixed assets
Freeho5d land
aThl buildings
Computers
and offl¢¥
equlpment
Total
Cost
At 1 January 2024
Revaluation
42.059
6,260
1.570
43.629
6.260
At 31 December 2024
48,319
1,570
49,889
Deprociation and impaimiont
At 1 January 2024
1,570
1,570
At 31 Decenkner 2024
1,570
1,570
arrylng amount
At 31 December 2024
48,319
48,319
At 31 De¢ernb6r 2023
42,059
42.059
16 Investment property
2024
Fair valu
At 1 January 2024
Nel gains or b8ses through fair value adjustments
557,941
(61.260)
At 31 December 2024
496.681
Investment property brought foTrvard indudes two roads Tmth a Trustee valualion of £25,000 (2023.. £25,000)
each. In 2014 the Trustees reGonsid&red this valualion of the freehold investments after consulting people wilh
appropriate skills and confimied tlkt this notional value remains appropriate.
Investment property also comprises of the proports'on of freehold propety which is currently being rented io
third parties. The fair value of the investment propety has been arrived al on Ihe basis of Ihe valuation carried
out in February 2025 by Owen Isherwood Chartered Su￿eY0rS. who are not connected h￿th the Charity. The
valuation was made on an open market value basis by reference to market evidence of transaction prices for
similar properties and the trustees regard this as the appropriate valuation at the year er)d.
2024
2023
Freehold
496.681
557,941
19-

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Fixed assot investmènts
Llsted
investments
Cash in
portfolio
Totsl
Cost or valuation
At 1 January 2024
Additions
Valuation changes
Di$posa15
3,982,243
1,273,1
228,763
(1.230.282}
126.478
4,108,721
1.273,196
228,763
1119,077} {1,349,359)
At 31 Decamber 2024
4,253,920
7.401
4,261,321
Carylng amount
At 31 Decemb8r2024
4,253.920
7.401
4,261,321
At 31 December 2023
3,982,243
126,478
4,108,721
18 Debtors
2024
2023
Amounts falling due wlthin one yoar:
Prepayments and &crued income
1.914
1,440
19 Creditors: amounts frdlllng due within on• year
2024
2023
Notes
Deferred income
Other creditors
Accruals
20
6.917
15,DOO
7,039
15.000
6,040
28,956
21,040
20 Deferred Income
2024
2023
Other deferred income
6,917
Deferred income is included in the financtal statements as follows:
2024
2023
Def&rred income is included within-
Current liabilities
6,917
Movements in the year.

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Deferrod Income
(Continued)
Deferred in¢ome at 1 J￿Uary 2024
Released from prewous periods
Resources deferred in Ihe year
6,295
(6,295)
6.917
Deferred income al 31 December 2024
6,917
Deferred In￿Me retates to rent receNed in advance.
21 Retirement benefit schemes
2024
2023
Defined contribulion schomes
Charge to Statement of Financail Activities in respect of defined contribution
schemes
607
589
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independen￿Y administered funtJ.
22 Endowment funds
Endowment fuTrJs re￿¢¥¢nt a&*ets whrGh must be held permanently by the Charity. Income arising on the
endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted
income. Any captsi gains or losses ari&ng on the assets fomi part of the fund.
At 1 January
Incomlng Resources
2024 resour￿ expended
Gains and
losses
At31
DgGgmber
2024
Permangnt gndowmants
The Poyle Charity
4.667,550
{45.753)
(29,344)
173,763
4,766,216
Prèvious year.
At l January
2023
InGoming Resources
resources
expended
Galns and
losses
At31
Docernber
2023
Pernianent endowments
The Poyle Charity
4.564,487
(47.141)
(28.798)
179.002
4,667,S50
21

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted funds
The unrestricted furKls of Ihe charity comprise the unexpended balances of donations and grants which are
not subject to speafic (xjnditions by donors arKI grantors as to how they may be used. These include
deS￿nated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At l January
2024
Incomlng
resources
R850ur¢8s
expended
At31
De¢ember
2024
General fvnds
51.568
175,852
(177,82n
49,593
Previous year:
At 1 January
2023
Incoming Rosources
resour¢oS
expendèd
A131
Decembgr
2023
General funds
50,809
195.755
1194.996)
51,568
Analysis of nel assets between furKIs
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 31 December 2024:
Tangible assets
Investment properties
Investments
Current assetsl(liabifitie5)
48,319
496.681
4,221.216
48,319
4%,681
4,261.321
9.488
40,105
9,488
49,593
4.766,216
4,815,809
Unrestrl¢tsd Endowm8nl
nds
funds
2023
2023
Total
2023
At 31 December 2023:
Tangible assets
Investment properties
Investments
Current assetsl{liabilities)
42,059
557,941
4,067,550
42.059
557,941
4.108.721
10,397
41,171
10.397
51,568
4,667,550
4,719.118

GUILDFORD POYLE CHARITIES
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Rolatsd paty transactlons
There was one related party transaclons during the year ended 2024. (2023 - Two)
TNstee of the tharity, Kathryn Mills. wor*s for Delight whth was awarded a grant in the year of £5,931.
Apart from the above, there were no fvrther related party transaclicrn.
22 Total Retum
Endowment
Unapplied
Total Return
Total
At 1 January 2024
Trust for InvestTnent
Unapplied Total Relum
2.425,155
2,425,155
1,642.395
1,642,395
Total
2,425,155
1,642.395
4,067,550
Movemenls in reporting period
Investment retum.. Diwdends and Interest
Investment rètuyn: Realised and Un￿OI1S@d gains
and {losse8)
Less". investrnent managers costs
89.247
89,247
228,763
{29,344)
228,763
(29,344)
Total
288,666
288,886
Unapplied Total Retum allocated to income in the reporting period
(135,000)
1135,000}
Net nKsvefflerts in reporting period
153.666
153,666
At 31 December 2D24
Trust for Investment
Unapplied Totsl Retum
2.425.155
2,425,155
1,796,061
1,796,061
Totsl
2,425.155
1.796.061
4,221,216
-23-