2024-03-31-accounts

St Edmund's Charlty Trustees. Report and Financlal Statsmonts Year 6ndod 31 March 2024 Charlty Reglstratlon Number. 1160454

St Edmund's Charfty Tnrntees. Report and Flnancial Statsments Year ended 31 March 2024 CONTENTS Pages Trustses. Report REFERENCE AND ADMINISTRATIVE INFORMATION Report and financial ststements preparats'on Basis of accounting Origin of the Charity Objects and Actlvfties Public benefrt Achievements and Perf0m￿nCe Flnancial Review Reserves policy FLrture developments and outlook Indepondent Examlnerfs Roport Statsment of Flnancial Actlvitles Balance Sheet Notes to the Financlal Statsments Accountlng policles Charitable expenditure Fixed asset investments Transactions with trustees and relat8d parties

Trustees. Report Year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Addrnss and Principal Offi￿. Croydon Minster Church Street Croydon CRO 1RN Legal Status: An unincorporated charity, registration number 1160454. Govem8d by a charity commission scheme dated 24 June 2013. TrustaO8: The ex￿d0 trustees are the VKar and Churchwardens for the time being of the ecclesiastical parish of St John the Baptist. Croydon. The current appointe88 are: Rev Andrew Scott Bishop Pamela Hall Arfene Esdalle Investment Advisers: Barclays Chanty Fund One Snowhill Snowhill Queensway Blrmingham B4 6GN Independent Examiner: Michael L Martin FCA Partner of Lloyd & Co Chartered Accountsnts 1031105 Brighton Road Coulsdon Surrey CR5 2NG

St Edmun<r8 Gharty Trustees, Report (contlnued) Year ended 31 March 2024 1. Report and financlal statoments prnparation The trustees present their report and financial statements which comply with current statutory requirements includiryq ts Statement of Recommended Practice SORP FRS102. 2. Bas18 of accountlng The trustees have opted to produce financial ststsments using the accruals basls. 3. Orlgln of the Charlty St Edmund's Charity is the successor Charity to a previously registered excepted Charity known as 'St Edmund's Site for a School,. The Vicar and Churchwardens were similarfy ex offlclo Trustees of th8 fomier charity whose assets consisted of land arKI buildings situated in Croydon In Ihe fom) of 8 permanent endowment by virtue of a conveyance dated 20 July 1885. The new charity was established after the land and buildings were sold as there was otherwise no basis for th8 former Charity to fvnction, having no liquid assets in Its original fonn. The objects of the fornier Charity are incorporated into the Scheme of the new Charity. 4. Objects and Actfvitlos The objects of Th8 Charlty as laid down In the Charity Commission Scheme of 24 June 2013 are: (1) The advancement of edUCa￿n of person8 resident In the area of benefit who are in financial need. (2) The advancement of religion (including religious education) In the area of benefit in accordance with the doctrines, practices and principles of the Church of England. The area of benefft is defined as the ecclesiastical parish of St John the Baptist, Croydon. The trustees have Invested the capitsl funds with Bardays Wealth with the aim of achleving capital growth but with an income stream also to be generated to be available for disbursement to meet eligible demands in accordance with the objects. Such income needs also to cover the administrative costs of running the chaiity. The trustees have met periodically as required to consider grant claims. 5. Publlc benefft The trustees are satisfied that the objectives of St Edmund's Charity confonn to Ihe Charity Commissioners, guidance on public benefit when making grants in accordance wlth its objects. 6. Achlevemonts and Perfornmnco The Trustees approved two grants In the period tolalling £29,000. These were to Croydon Minster (£24.000) and St George's Church Waddon {£5,000).

st Edmunrfs Charlty Trustees, Report (continued) Y•ar endad 31 March 2024 7. Financlal revl The Charity accounts for Capital and Income separately as is ￿qUI￿d by its constitution. Capital funds received at inception were invested in stock market based products under the guidance of Barclays Wealth. In this year the carying arnount of Investments increases by £65,476 to £1,056,950. Balance sheet net assets at the end of the year amounted to £1.056,895. Gross incoming resources amounted to £31,109 and expenditure amounted to £33.418 to leave net deficit of £2,309. Retained surplus income of £6.711 18 carried forward. 8. R•sorvas pollcy The Trustees Intend lo disburse any surplus available income it has against eligible claims which it receives provided that they meet the Charitys objects and that it is not necessary to ration or tum down daims where such daims exceed funds available. 9. Futurn devolopments and outlook The trustees aim to contlnue with existlng policies both as regards capltal appredation and levels of income disbursement. Rev Ari<frew Scott Bishop Approved by the Trustees: 16 October 2024 Arlene Esdaile

Ind•pendent ExamineV8 Report to the Trustees of the St Edmund's Charity I report to the trustees on my examination of the financial statements of St Edmund's Charity for the Year erthd 31 Marth 2024. Respon8lbllltles and basis of report As the charity trustees you are responsible for the preparation of the financial ststements in accordance with the requirements of ￿ Charities Act 2011 (the Act). I report in respect of my examination of the Charitvs financial statements carrled out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission urKler section 14515)(b) of the Acl. Independent examlnef8 Statement I have completed my examination. I confinn that rK) material matters have come to my attention in connection wlth the examination giving me cause to believe that in any material respect: (1) accounting records were not kept In respect of the Chartty as required by section 130 of the Ac(. or {2) the financlal ststements do not accord with those records: or (3) the flnancial statements do not comply with the applicable requirements conceming the form and content of financial statements set ¢￿t in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair vlew whlch 18 not a matter considered as part of an Independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to erhgble a proper understandlng of the financial statements to be reached. 1031105 Brighton Road Coulsdon Surrey CR5 2NG Michael L Martin FCA Partner of Lloyd & Co. Chartered Accountsnts 16 October 2024

Ii!. Ii!. ¢Jo uu

St Edmund's Charlty Balanco Sheet As at 31 March 2024 31 March 2023 Flxed assets Investments 1c&3 1,056,950 991,474 Current assets Cash at bank 2,092 2.038 Crndltors: Amounts falllng due wlthln one year Accrua18 2,147 3.384 Net curr•nt Ilabllltles 55 1,347 1.056.895 990,127 Accumulatsd funds Unrestricted funds Capital Income 1,050.184 6.711 985,525 4,602 Total fvnd• 1,056.895 990,127 The Financlal Statements on pages 5 to 8 were approved by ts trustees and signed on their behalf by:. Rev Andrew Scott Bishop Arlene Esdaile 18 October 2024

St Edmund's Charlty N•t•s to the Financlal stateffl￿ (continued Y•ar •nd￿ 31 IAarch 2024 1 Accountlng pollcl•s St Edmund's Charfty is a wbllc benefft ￿tr￿￿11h1n Ihe meanlrvj of FRS102. Th8 Accounts are prepargj in ac(x)rdarKe ilh The Ch81ili88 (Ac￿￿ts afwj Rep)rts) Regulations 2008 The Charities Ad 2011. Ttr￿e wKorporate the Ststement of ReComme￿Ied Practlce {SORP FRS1021. The financlal ststements habe b8en prepared in order to gEve a Irue fair ￿78￿ aThJ ha¥e dep8rted from the Charitles {A0￿unts arKI Rep)rts) Regulatioré 2008 only to the exienl requirod to provlde 8 Irue and tslr vieyl. This depar￿Tr h08 involv&J foll0v￿r￿j Ststemènt of Recommended Pradce {SORP FRS1021 rnther lh￿ aThl Repothy by Charttles SORP 21J05 whith has 81n(x boon villKlraik The Accounts are prepared urhyer the histori¢al aC￿U￿1r￿j I%r￿ntIon except that Inve8tment 8888ts are reported at market value. The prfnapal accounttng wlldes arn adopted in Ihe preparakn of tho Aemunts are a6 follo￿. {•} Incom• Thlg c£Jnslsts of Inv8slrnrt IrK¥me and18 frjr bowj upon >*ar ts) whith It relate8. (b) Expondllur• Th8 consi8ts of grants admtr48lraUNY exp8rw ar￿ ￿ a(>JArt￿ for ba8ed (won e yoartt) which ft rnlatss. (c) Inwstnwnts Investments Ilsted on a rerngnl8ed Stod( ExcharKda are ststed at market val￿ (do8lrKJ mld-mark8t value at the balance sheet data). Reall￿1 and unlea11se￿ galrA aNI k)8888 ariwng In the year are ac£ounted for in the Statement of Fln8no81 A￿vItIes.

St Edmund's Charlty Y•ar end•d 31 March 2024 2023 Grants Independerrt eyAmln8lk)n Portlolio Admlrdstration 29.0(N) 1.350 3.038 2023 Ilark•t valu• At 1 Aprll 2023 Addlyons Sale prorAeds from dltsposa Other movemerts 991.475 27.989 (31.570> 89.076 1,066.564 29,065 130,789) 173,3651 At 31 Mabrh 2024 4 Trnns•thn• wlth tru•l•M WKI r•lat•d partl No Irusteo recelved any remuneratlon or relmburnement of exp8n￿.