St Edmund's Charity Trustees' Report and Financial Statements Year ended 31 March 2025 Charity Registration Number: 1160454 **St Edmund's Charity** ## **Trustees' Report and Financial Statements** ## **Year ended 31 March 2025** |**CONTENTS**|**CONTENTS**|**Pages**| |---|---|---| |**Trustees' Report**||**1**-**3**| ||REFERENCE AND ADMINISTRATIVE INFORMATION|1| |1|Report and financial statements preparation|2| |2|Basis of accounting|2| |3|Origin of the Charity|2| |4|Objects and Activities|2| |5|Public benefit|2| |6|Achievements and Performance|2| |7|Financial Review|3| |8|Reserves policy|3| |9|Future developments and outlook|3| |**Independent Examiner's Report**||**4**| |**Statement of Financial Activities**||**5**| |**Balance Sheet**||**6**| |**Notes to**|**the Financial Statements**|**7-8**| |1|Accounting policies|7| |2|Charitable expenditure|8| |3|Fixed asset investments|8| |4|Transactions with trustees and related parties|8| ## **St Edmund's Charity** ## **Trustees' Report** ## **Year ended 31 March 2025** ## REFERENCE AND ADMINISTRATIVE INFORMATION **Address and** Croydon Minster **Principal Office:** Church Street Croydon CR01RN **Legal Status:** An unincorporated charity, registration number 1160454. Governed by a charity commission scheme dated 24 June 2013. **Trustees:** The ex-officio trustees are the Vicar and Churchwardens for the time being of the ecclesiastical parish of St John the Baptist, Croydon. The current appointees are: Rev Andrew Scott Bishop Arlene Esdaile Pamela Hall (resigned on 27[th] April 2024) Stephen Willmer (appointed on 27'h April 2024) Hetty Ansong (appointed on 4[th] June 2025) **Investment** Barclays Charity Fund **Advisers:** One Snowhill Snowhill Queensway Birmingham B46GN **Independent Examiner:** Champ Consultants Limited Certified Chartered Accountants 34 Croydon Road Caterham Surrey CR3 6QB 1 ## St Edmund's Charity ## Trustees' Report (continued) Year ended 31 March 2025 ## 1. Report and financial statements preparation The trustees present their report and financial statements which comply with current statutory requirements including the Statement of Recommended Practice SORP FRS102. ## 2. Basis of accounting The trustees have opted to produce financial statements using the accruals basis. ## 3. Origin of the Charity 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 similarly ex officio Trustees of the former charity whose assets consisted of land and buildings situated in Croydon in the form of a 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 the former Charity to function, having no liquid assets in its original form. The objects of the former Charity are incorporated into the Scheme of the new Charity. ## 4. Objects and Activities The objects of The Charity as laid down in the Charity Commission Scheme of 24 June 2013 are: - (1) The advancement of education of persons 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 benefit is defined as the ecclesiastical parish of St John the Baptist, Croydon. The trustees have invested the capital funds with Barclays Wealth with the aim of achieving 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 charity. The trustees have met periodically as required to consider grant claims. ## 5. Public benefit The trustees are satisfied that the objectives of St Edmund's Charity conform to the Charity Commissioners' guidance on public benefit when making grants in accordance with its objects. ## 6. Achievements and Performance The Trustees approved two grants in the period totalling £39,000. These were to Croydon Minster (£36,000) and St George's Church Wadden (£3,000). ## **St Edmund's Charity** ## **Trustees' Report (continued)** ## **Year ended 31 March 2025** ## 7. Financial review The Charity accounts for Capital and Income separately as is required 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 carrying amount of investments decreases by £9,562 to £1,047,388. Balance sheet net assets at the end of the year amounted to £1,047,355. Gross incoming resources amounted to £32,611 and expenditure amounted to £43,651 to leave net deficit of £11,040. Retained surplus income of £322 is carried forward. ## 8. Reserves policy The Trustees intend to disburse any surplus available income it has against eligible claims which it receives provided that they meet the Charity's objects and that it is not necessary to ration or turn down claims where such claims exceed funds available. ## 9. Future developments and outlook The trustees aim to continue with existing policies both as regards capital appreciation and levels of income disbursement. Rev Andrew Scott Bishop Approved by the Trustees: 29 January 2026 **----- Start of picture text -----**
Arlene Esdaile
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## **St Edmund's Charity Independent Examiner's 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 ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Charity's financial statements carried 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 under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or - (2) the financial statements do not accord with those records; or - (3) the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 34 Croydon Road Caterham Surrey CR3 6QB Champ Consultants Limited. Certified Chartered Accountants 29 January 2026 4 ## **St Edmund's Charity** ## **Statement of Financial Activities** |**Note**
**INCOME**
Investment Income
la
Donations
la
**EXPENDITURE**
Charitable
lb&2
**NET INCOME/(EXPENDITURE)**
**OTHER RECOGNISED GAINS/(LOSSES**
Profit/(loss) on disposal
Investment asset valuations
**ACCUMULATED FUNDS**
**BROUGHT FORWARD**
**ACCUMULATED FUNDS**
**CARRIED FORWARD**|**Year Ended 31 March 2025**
**Year Ended 31March 2024**
**Unrestricted Unrestricted**
**Total**
**Unrestricted Unrestricted**
**Total**
**Capital Funds Income FundsUnrestricted**
**Capital Funds Income FundsUnrestricted**
**Funds**
**Funds**
£
£
£
£
£
£
32,611
32,611
31,109
31,109
32,611
32,611
31,109
31,109
4,651
39,000
43,651
4,418
29,000
33,418
4,651
39,000
43,651
4,418
29,000
33.418
(4,651)
(6,389)
(11,040)
{4,418)
2,109
(2,309)
6,438
6,438
{4,938)
{4,938)
69,076
69,076
{3,151)
(6,389)
(9,540)
64,658
2,109
66,768
1,050,184
6,711
1,056,895
985,525
4,602
990,128
1,047,033
322
1,047,355
1,050,184
6,711
1,056,896|**Year Ended 31 March 2025**
**Year Ended 31March 2024**
**Unrestricted Unrestricted**
**Total**
**Unrestricted Unrestricted**
**Total**
**Capital Funds Income FundsUnrestricted**
**Capital Funds Income FundsUnrestricted**
**Funds**
**Funds**
£
£
£
£
£
£
32,611
32,611
31,109
31,109
32,611
32,611
31,109
31,109
4,651
39,000
43,651
4,418
29,000
33,418
4,651
39,000
43,651
4,418
29,000
33.418
(4,651)
(6,389)
(11,040)
{4,418)
2,109
(2,309)
6,438
6,438
{4,938)
{4,938)
69,076
69,076
{3,151)
(6,389)
(9,540)
64,658
2,109
66,768
1,050,184
6,711
1,056,895
985,525
4,602
990,128
1,047,033
322
1,047,355
1,050,184
6,711
1,056,896|**Year Ended 31 March 2025**
**Year Ended 31March 2024**
**Unrestricted Unrestricted**
**Total**
**Unrestricted Unrestricted**
**Total**
**Capital Funds Income FundsUnrestricted**
**Capital Funds Income FundsUnrestricted**
**Funds**
**Funds**
£
£
£
£
£
£
32,611
32,611
31,109
31,109
32,611
32,611
31,109
31,109
4,651
39,000
43,651
4,418
29,000
33,418
4,651
39,000
43,651
4,418
29,000
33.418
(4,651)
(6,389)
(11,040)
{4,418)
2,109
(2,309)
6,438
6,438
{4,938)
{4,938)
69,076
69,076
{3,151)
(6,389)
(9,540)
64,658
2,109
66,768
1,050,184
6,711
1,056,895
985,525
4,602
990,128
1,047,033
322
1,047,355
1,050,184
6,711
1,056,896| |---|---|---|---| ||||| |||4,651
4,651|| ||||39,000
43,651
4,418
29,000
33.418
(6,389)
(11,040)
{4,418)
2,109
(2,309)
6,438

{4,938)
69,076
69,076
(6,389)
(9,540)
64,658
2,109
66,768
6,711
1,056,895
985,525
4,602
990,128
322
1,047,355
1,050,184
6,711
1,056,896| |||(4,651)
6,438
{4,938)|| |||
{3,151)
1,050,184|| |||1,047,033|| 5 _St Edmund's Charity Balance Sheet_ Year Ended 31 March 2025 Year Ended 31 March 2024 ||**Note**|£|£||£|£|| |---|---|---|---|---|---|---|---| |Fixedassets|||||||| |Investments|1c&3||1,047,388|||1,056,9S0|| |Current assets|||||||| |Cash at Bank||2,196|||2,092||| |Creditors: Amounts falling due|||||||| |**within one year**|||||||| |Accruals||2,229|||2,147||| |**Net current liabilities**||||(33)|||(SS)| |**Net assets**|||1,047,3SS|||1,056,89S|| |**Unrestricted funds**|||||||| |Capital|||1,047,033|||1,0S0,184|| |Income||||322|||6,711| |**Total funds**|||1,047,3SS|||1,0S6,89S|| The Financial Statements on page S to 8 were approved by the trustees and signed on their behalf by:- ....-..-...-..-...-..-...-..-...-.......................... Rev Andrew Scott Bishop Arlene Esdaile 6 _St Edmund's Charity_ ## **Notes to the Financial Statements (continued)** ## **Year ended 31 March 2025** ## 1 Accounting policies St Edmund's Charity is a public benefit entity within the meaning of FRS102 The Accounts are prepared in accordance with The Charities (Accounts and Reports) Regulations 2008 and The Charities Act 2011. These incorporate the statement of Recommended Practice (SORP FRS102) The financial statements have been prepared in order to give a 'true and fair view' and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Statement of Recommended Practice (SORP FRS102) rather than Accounting and Reporting by Charities SORP 2005 which has since been withdrawn. The Accounts are prepared under the historical accounting convention except that investment assets are reported at market value. The principle accounting policies which are adopted in the preparation of the Accounts are as follows: ## **(a)** Income This consists of investment income and is accounted for based upon the year to which it relates. ## **(b)** Expenditure This consists of grants and administrative expenses and is accounted for based upon the year to which it relates. ## **(c)** Investments Investments listed on a recognised Stock Exchange are stated at market value (Closing mid-market value at the balance sheet date). Realised and unrealised gains and losses arising in the year are accounted for in the Statement of Financial Activities. 7 ## St Edmund's Charity ## Notes to the Financial Statements Year ended 31 March 2025 |**2**
**Charitable Expenditure**
Grants
Independent examination
Portfolio Administration
**3**
**Fixed Assets investments**
**Market Value**
At 1 April 2024
Additions
Sales proceeds from Disposals
Other movements
At 31 March 2025||**2025**
£
39,000
1,410
3,241
43,651
1,056,950
20,529
(31,591)
1,501|**2024**
£
29,000
1,380
3,038
33,418
991,475
27,969
(31,570)
69,076| |---|---|---|---| |||1,047,388|1,056,950| _4 Transactions with trustees and related parties_ No trustee received any remuneration or reimbursement of expenses. There were no transactions with related parties.