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2021-12-31-accounts

Contents
Charity
Information
Chair's Introduction.
Report ofthe Trustees . .............4
Independent
Auditor's		 Report to the Trustees ofStGeorge The Martyr Charity ..20
Statement of Financial Activities. 23
Balance Sheet. .....24
Notes to the Financial Statements. .....25

Organisation Amount Purpose
awarded
Link Age Southwark E5,347 Support for older people emerging from 'lock down'
London Senior Social f10,000 COVID recovery therapy for older people
Southwark
Day		 f10,000 Support for asylum seekers
Centre for Asylum
Seekers
Southwark
Carers		 E9,254 Counselling for carers suffering from loneliness and
isolation
Walworth
Golden		 E1,000 Support for older people's activities
Oldies Project
English For Action F5,000 ESOL learning group that will seek to support primarily
local migrants, refugees and people seeking asylum
aged 55+
SE17Working f10,000 Employment support
StGeorge the Martyr F2,000 Music Festival
Church
United St Saviour's E8,000 Contribution to 'Connected at Christmas' fund
Charity

ST GEORGE THE MARTYR CHARITY Registered Charrty Number.. 208732 to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omi55ion or misrepresentation. A further description of our responsibilities is availabltr on the Financial Reptsrting Council's website al.. httpS.'l￿.frC.org.uklour-INorklAUd￿lAudI1-snd-8ssuran¢e1Standa[ds-a￿d-guIdaTrCeISIandard$- and-guidan¢e-for-auditorslAudrtors-responsibililies-for-audillDescription-of-audilois-responsibililies- lor-8udit.aspx. This description forms part of our auditor's report. Use of our rep)rt This report is made solely to the Charily's Iruslees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulation5 2008. Our audit work has been undertaken so that we might slate to the charity's Iruslees those mallers we are required lo stale lo them in an auditor'5 report and for no other pufpose. To the fullest extent pemitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity s Iruslees as a body, for our audit Work, for this report. or for the opinions we have formed. John Howard FCA ets Audit Services Slalutory Auditors, Chartered Accounlanls 2nd Floor. Regis House 45 King William Street London EC4R 9AN Date. IG 3QsLL Azets Audrt Services is eligible to ad as an auditor in terms of section 1212 of the Companies A 2006. 22

For the year ende d 31 D ecem ber 2021
Notes Unrestricted
Funds
6		 Restricted
Funds
6		 Permanent
Funds
F		 Total Funds
2021 6		 Unrestricted
Funds
6		 Restricted
Funds
6		 Permanent
Funds
6		 Total Funds
2020 6
Statement of Financial Activities
Income and endowments from:
Donations
and Legacies		 2,000 2,000 2,000 2,000
Investments 268,304 472 268,776 247,964 30 247,994
Other 816 816 2,291 2,291
Total 271,120 472 271,592 252,255 30 252,285
Expenditure
on:
Raising Funds 9,723 9,723 8,909 8,909
Charitable
Activities		 351,098 144 351,242 401,807 1,282 403,089
Total 360,821 144 360,965 410,716 1,282 411,998
Net incoming
resources
ains on investments		 before (89,701) 328 (89,373) (158,461) (1,252) (159,713)
Net (losses)/gains
on Investments		 292,044 1,503 1,026,121 1,319,668 18,792 792 (799,469) (779,885)
Net movement
in funds		 202,343 1,831 1,026,121 1,230,295 (139,669) (460) (799,469) (939,598)
Reconciliation
offunds
Total funds brought
forward.		 2,512,031 12,527 6,480,215 9,004,773 2,651,700 12,987 7,279,684 9,944,371
Total Funds Carried Forward 17 2,714,374 14,358 7,506,336 10,235,068 2,512,031 12,527 6,480,215 9,004,773

For the year e nde d 31 Decem ber 2021
Notes 31 Dec 2021 (6)
Total Funds		 31 Dec 2020 (8)
Total Funds
Balance Sheet
Fixed Assets:
Tangible assets 11 4,422 1,423
Investments 13 9,468,445 8,807,679
Total Fixed Assets: 9,472,867 8,809,102
Current assets:
Debtors 15 18,895 18,888
Cash at bank and in hand 772,194 218,104
Total Current assets: 791,089 236,992
Liabilities
Creditors: Amounts falling due within one year 16 28,888 41,321
Total Liabilities 28,888 41,321
Net current assets 762,201 195,671
Total assets less current liabilities 10,235,068 9,004,773
Total Net Assets 10,235,068 9,004,773
Funds ofthe charity:
Endowment
funds		 17 7,506,336 6,480,215
Restricted income funds 19 14,358 12,527
Designated
Fund		 21 6,635
Unrestricted
funds		 17 2,714,374 2,505,396
Total Charity Funds 10,235,068 9,004,773

Unrestricted Restricted Restricted Restricted Permanent Permanent Permanent Total Funds Total Funds Total Funds
Funds
E		 Funds E Funds E 2021 E 2020 E
2.Income and Donations from Legacies
Donations 2,000 2,000 2,000
Total Income and Donations
from		 Legacies 2,000 2,000 2,000
Unrestricted Restricted Permanent Total Funds Total Funds
Funds
E		 Funds E Funds E 2021 E 2020 E
3.Income from Investments
Dividends 268,304 472 268,776 247,904
Term Deposit and Bank Interest 90
Total Income from Investments 268„304 472 268,776 247,994
Unrestricted Restricted Permanent Total Funds Total Funds
Funds
E		 Funds E Funds E 2021 E 2020 E
4.Expenditure
on Raising		 Funds
Investment
Management		 Fee 9,723 9,723 8,909
Total Expenditure
on Raising Funds		 9,723 9,723 8,909
Unrestricted Restricted Permanent Total Funds Total Funds
Funds
E		 Funds E Funds E 2021 E 2020 E
5.Charitable
Activities
Charitable
Activities
Grants to Organisations (see note 6) 60,601 60,601 118,218
Grants to Individuals 46,346 46,346 43,947
Discretionary
Charitable		 Payments 58,575 58,575 63,920
Hampers,
Christmas
George's day grants		 Parties &St 22,268 22,268 24,527
Pensioner
Trips and		 Outings 9,980 9,980 6,624
Pensioner
Holiday Costs		 1,753 1,753 100
Personal Care Services 7,021 7,021 5,569
Depreciation 1,155 1,155 487
Office Rental 15,030 15,030 8,175
Staff Costs (see note 8) 58,645 58,645 59,504
Professional fees 5,400
Other Expenses 9,995 10,139 7,730
Governance
Costs (see		 note 7) 59,729 59,729 58,888
Total Expended
on Charitable
Activities		 361,098 144 351,242 403,089

Unrestricted
Funds f		 Restricted
Funds f		 Permanent
Funds f		 Total Funds
2021 f		 Total Funds
2020 f
6.Grants to Organisations
United StSaviours Christmas fund 8,000 8,000
SE17Working
CIC		 10,000 10,000
Link Age Southwark 5,347 5,347
English ForAction 5,000 5,000
Southwark
Carers		 9,254 9,254
Southwark
Day Centre		 for Asylum Seekers 10,000 10,000
London Senior Social 10,000 10,000
Music Project 2,000 2,000
Inspire at St Peter' s 10,000
Age UK Lewisham
&Southwark		 400
Golden Oldies 1,000 1,000 360
Action Network
(Pembroke		 House) 500
Louie Louie 1,500
Blackfriars Settlement 10,000
St George the Martyr Church 9,320
Southwark
Community		 Response Fund 50,000
St Paul's CofE Primary School 310
Bermondsey
StJames		 450
Cathedral
Primary		 378
Citizens advice southwark 10,000
StJude's
Primary School		 5,000
Homestarl 10,000
Pembroke
College Settlement		 10,000
Total ofGrants to Organisations 60,601 60,601 118,218
Unrestricted
Funds f		 Restricted
Funds f		 Permanent
Funds f		 Total Funds
2021 f		 Total Funds
2020 f
7.Governance costs
Board meeting costs 1,109 1,109 686
Accountancy 2,780 2,780 2,520
Auditors
Remuneration		 5,375 5,375 5,520
Staff Costs (see note 8) 49,884 49,884 46,922
Trustee Training 581 581 240
Total Governance costs 59,729 59,729 58,888
Unrestricted
Funds f		 Restricted
Funds f		 Permanent
Funds f		 Total Funds
2021 f		 Total Funds
2020 f
8.Staff Costs
Wages and Salaries 93,935 93,935 95,141
Social Security Costs 6,493 6,493 6,440
Pension Costs - defined contribution 7,079 7,079 6,985
Staff professional
expenses		 and training 1,022 1,022 860
Total Staff Costs 108,529 108,529 109,426

2021f 2020
9.Grants Payable
At 1 January 30,450 6,053
Grants approved 60,601 118,218
Grants paid (78,951) (93,821)
Grants payable at 31 December 12,100 30,450

Office Computer Total
Equipment Equipment
E 6
Cost
Cost 1stJanuary 2021 2,732 2,732
Acquisitions 502 3,653 4,155
Write off of fully written down assets (782) (782)
Transfer between asset cate ories 1,676 1,676
Cost 31 December 2021 776 5,329 6,105
De reciation
Depreciation
1st January 2021		 (1,309) (1,309)
Charge for the year (121) (1,035) (1,156)
Write back of depreciation on fully written offassets 782 782
Depreciation
on transferred		 assets 419 (419)
Depreciation
31 December 2021		 (229) (1,454) (1,683)
Net Book Value
At 31 December 2021 547 3,875 4,422
At 31 December 2020 1,423 1,423

Market Value
31 Dec 2021
(&)		 Cost 31
Dec 2021		 Dec 2p2p
Value 31		 Cost 31
Dec 2020
13.Fixed Asset Investments
Permanent
Endowment
Fenner & Martin Bible Fund —COIF (income units) 17,800 15,032 15,580 15,032
Fenner & Martin Bible Fund —COIF (accumulation units) 1,109 782 946 782
Delaforce Educational Foundation - COIF (income units) 241 11 211 11
Delaforce Educational Foundation - COIF (accumulation units) 8,186 5,768 6,984 5,768
St George the Martyr United Fund —COIF (accumulation units) 1,672,862 1,458,251
St George the Martyr United Fund —Charifund
(income		 units) 3,280,603 2,478,814 4,783,632 4,098,065
St George the Martyr
(income units)		 United Fund —Ethical Investment Fund 1,350,593 1,185,180
St George the Martyr
(accumulation
units)		 United Fund —Ethical Investment Fund 1,956,443 1,819,999
St George the Martyr
(income units)		 United Fund - COIF Property Fund 372,766 288,856
StGeorge the Martyr United Fund - Savills Property Fund 518,595 395,000
Total Permanent
Endowment		 7,506,336 6,189,442 6,480,215 5,577,909
Restricted
Funds
Delaforce Educational Foundation (income units) 294 15 257 15
Delaforce Educational Foundation (accumulation
units)		 9,980 7,031 8,514 7,031
Total Restricted
Funds		 10,274 7,046 8,771 7,046
Unrestricted
Funds
StGeorge the Martyr United Fund - Quilters 1,021,014 804,048 1,517,357 1,080,795
StGeorge the Martyr
(income units)		 United Fund —Ethical Investment Fund 930,821 816,820
StGeorge the Martyr
(income units)		 United Fund - COIF Property Fund 331,427 288,856
StGeorge the Martyr United Fund - Savills Property Fund 469,909 395,000
Total Unrestricted
Funds		 1,951,835 1,620,868 2,318,693 1,764,651
Total Fixed Asset Investments 9,468,445 7,817,356 8,807,679 7,349,606

Unrestricted
Funds f		 Restricted
Funds f		 Restricted
Funds f		 Restricted
Funds f		 Permanent
Endowment
f		 Permanent
Endowment
f		 31 31 Dec 2021
f		 31 Dec
2020 f
14.Movement
in Fixed Asset		 investments
Brought forward
January		 at 1 2,318,693 8,771 6,480,215 8,807,679 9,725,036
Additions 109,326 3,821,999 3,931,325 4,378,396
Disposal Proceeds (768,228) (3,821,999) (4,590,227) (4,515,868)
Realised gain 182,210 259,000 441,210 (1,608,145)
IJnrealised
ain		 109,834 1,503 767,121 878,458 828,260
Market Value at
December		 31 1,951,835 10,274 7,506,336 9,468,445 8,807,679
Unrestricted
Funds f		 Restricted
Funds f		 Permanent
Endowment f		 31 Dec 2021 31 Dec 2020
f
15.Debtors
Prepayments 18,826 18,826 12,029
Accounts receivables
Office rental
in advance
Trips and holiday
deposits
in advance		 6,150
Accrued Income 69 69 709
Total Debtors 18,895 18,895 18,888
Unrestricted
Funds f		 Restricted
Funds f		 Permanent
Endowment f		 31Dec 2021
f		 31 Dec 2020
16.Creditors
Accounts payable 4,114 4,114 480
Grants payable 12,100 12,100 30,450
Accruals 8,534 8,534 8,105
Credit card 1,801 1,801
Investment
manager fees		 2,339 2,339 2,286
Total Creditors 28,888 28,888 41,321
Unrestricted
Funds
(f)		 D F ., n
d		 ted Restricted
Funds
(f)		 Permanent
Endowment
(f)		 31 Dec 2021
(f)		 31Dec
2020
(f)
17.Funds
Brought forward at 1 January 2,505,396 6,635 12,527 6,480,215 9,004,773 9,944,371
Current Year Earnings 205,223 (2,880) 1,831 1,026,121 1,230,295 (939,598)
Transfer 3,755 (3,755)
At 31 December 2,714,374 14,358 7,506,336 10,235,068 9,004,773

Unrestricted
Funds		 Unrestricted
Funds		 D ,. n
F		 t
d		 d Restricted
Funds		 Restricted
Funds		 Permanent
Endowment		 Permanent
Endowment		 31 Dec 2021 31 Dec 2021 31 Dec
2020
(&) E (&) (&) (&) (&)
18.Particulars of Individual funds and analysis ofthe assets and liabilities representing the funds
Tangible fixed assets 4,422 4,422 1,423
Investments 1,951,835 10,274 7,506,336 9,468,445 8,807,679
Cash and short-term deposits 768,110 4,084 772,194 218,104
Debtors 18,895 18,895 18,888
Creditors (28,888) (28,888) (41,321)
Funds at 31 December 2,714,374 14,358 7,506,336 10,235,068 9,004,773
Fenner 8 Martin Delaforce Total restricted funds
K
19.Restricted Funds
At 1 January 2021 1,253 11,274 12,527
Income 458 14 472
Expenditure (72) (72) (144)
Investment gains 1,503 1,503
At 31 December 2021 1,639 12,719 14,358
Fenner 8 Ilartin Delaforce Total restricted funds
E E
Represented by
Fixed asset investments 10,274 10,274
Debtors
Cash 1,639 2,445 4,084
Creditors
Total Funds 1,639 12,719 14,358
Fenner & Martin
E		 Delaforce
E		 Total restricted fundsf
20.Com arative Restricted Funds
At 1 January 2020 2,447 10,540 12,987
Income 16 14 30
Expenditure (1,210) (72) (1,282)
Investment
gains		 792 792
At 31 December 2020 1,253 11,274 12,527
Fenner 8 Martin Delaforce Total restricted funds
E
Represented by
Fixed asset investments 8,771 8,771
Debtors
Cash 1,703 2,503 4,206
Creditors (450) (450)
Total Funds 1,253 11,274 12,527

Designated Designated
Fund 2021 Fund 2020
21.Desi nated Funds
At 1 January 6,635 7,255
Income
Expenditure (2,880) (620)
Transfer to unrestricted (3,755)
At 31 December 6,635

At 31 December 2021,the charity had outstanding
commit
follows:		 ments
for future
minimum
lease payments
w		 hich fall due
2021 (E) 2020 (R)
Within one year 15,030 15,030
Between two and five years 60,120 60,120
In over five years 29,772 44,802
104922 119952