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2024-12-31-accounts

ST GEORGE THE MARTYR CHARITY Reglstered Charlty Numbor: 208732 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Pau• 10133

ST GEORGE THE MARTYR CHARITY TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Contents Charfty Informatlon.............................................................................................................,........,,.........,.. Chairfs Introduction.................................................................................................................................... Report of the Trustees. ........................................................... ................................................................. Independent Audltorfs Reportto theTrustees of StGeor8e The Martyrcharlty................................. 21 ststement of Fin•ncial Artivitles.. .24 Balance Sheet............................................,....................................................,........,...................,............ 25 Notes to the Flnandal Ststements.......................................................................................................... 26 Pag• 2 of33

Charity Informatlon St George the Matyr Charity Regisl8red Charity Numb8r.' 208732 Fr Benlamln Bell Rgbokah Bostan, Chalr Patrick Crgckford Katherine d8 Kr8lsèr IAppointed Marth 20251 lan Duncan (Retired March 2024 Amlr Eden (Rasigned February 20251 Julig Fox Ex-officio Nominative Cctroplalive Nomlnallve C¢>optative Nominatlvo Cr*pOPtalive kl Sarah Haffis Lilian Lalinwo.Olalide Alderman Tim McNally A(lele M¢Jrrls (Reslgned June 20241 Lauren Batstone (Appointed March 20251 And￿W Starte IRetired March 20251 Lorraine Thomas IAppolnt•d December 20241 Lorraine ZU￿ta Nomlnatfve ec￿pIativfj Nofflinative Nominative Nominatlve Nominative N¢)minalive Nominative Acwuntanl Karon Cook M.A FCA. Infinty A￿OUntants Ltd Andrew Murphy, Clerk Phlllppa Van Os. Visitor Catherfne Collins, Visitor Addr•ss Marshall House 66 Newcomen Street London SE1 iyr B•nk•rs Un'ty Trust ￿nk Customer Services Centre Nine Brindley Place 8imiingh8m 812H8 Barclay8 Bank UK pl¢ 1 Churchill Place London E14 5HP Indep•nd•nt Audltorn A2ets Audll Serylces, Chartergd Accountants 2nd Flo¢y, Regis House 45 King Wllliam Stre8t, London EC4R 9AN Paqe 3 of 33

Chair's Introduction I'd like to start my introduction bythankingTim McNally, from whom I took over as Chair in June 2024. Tim had been Chairfor five years and led the Board through a major change process, part ofwhich was duringthe COVID-19 pandemic and lockdown. There were severalchanges ofTrustees during 2024 and the first quarter of 2025. lan Duncan retired after 15years as a Trustee in 2024 and Andrew Starte retired in March 2025 after 16 years. Both made huge contributions tothe Charity including as Chair of the Grants & Applications Sub-committee and Treasurer. respectively. Adele Morris also stood down as a Trustee in 2024 and Amir Eden in early 2025. I would like tothank them all for the contributions they made to the Charity Towards the end of 2024 we undertook a Trustèè recruitment exercise. Lorraine Thomas joined the Board in December 2024 and Lauren Batstone and Katherine de Kretser in March 2025. 1 expect two more newTrustees to join us during the remainder of 2025. Atthe beginning of 2024 we also welcomed our newvisitor, Cath Collins. This followed the Board's decision in 2023to expand our Visitor capacity sowe can provide more pastor81 care. Cath has made a great impression in her first year with the Charity. In May, the Charitycommission approved our application to absorb the Surrey Dispensary into St George the Martyr Charity. This has allowed us to streamline the governance and financial management ofthe two formerly separate charities. I would like to end with sincere thanks to all the Charity's hard-working staff. to my fellow Trustees, to our accountant and independent investment advisors, and to the many other organisations we have worked with overthe year. Rebekah Bostan, Chairofthe Board ofTrustees Page4 of 33

Report of the Trustees The Trustees present their report and financial statements for the year ended 31" December 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounls and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. Governin Document The Charity is an endowed Charity, comprising the following funds.. The main St. George the Martyr Fund, which was created by the amalgamation of 20 charitable funds within the Parish of St. George the Martyr, Southwark at the end of the 19th century. The Fenner and Martin Bible Fund The Delaforce Educational Foundation Surrey Dispensary, which wa5 linked to St Geor6e the Martyr Charity in May 2024 The Charity is unincorporated and commonly called Yhe St George the Martyr Charity.. It is regulated by a scheme of the Charity Commissioners of 12th September 1975. The permitted uses of the Surrey Dispensary funds are set out in a separate scheme dated S January 1971. anisational structure The affairs of the charity are managed by the Trustees who generally meet foyr times a year. The Trustees have appointed some of their number to 51t on two Sub-committees.. Grant5 & Applications.. to consider membership and grant applications from individuals and organisations Fir)ance & Investments.. to oversee the Charity's financial affairs, including the investments of its endowment and accijmulated surpluses. Day-to-day management is the responsibility of the Clerk. olntmen induction and trainin of Trustees The Trustee Board comprises.. One ex-offitio Trustee, who is the Rector of the Ecclesiastical Parish of St. George the Martyr. Southwark Up to seven Nominative Trnstees who are appointed by the Council of the London Borough of Southwark for terms of four years: these are persons resident or carrying on business in the area. Up to five Co-optètlve Trustees, appointed for terms of five years, who, through residence, ottupation or employment, have special knowledge of the area of benefit. Page 5 of 53

Nominative Trustees may serve up to three tems of four years: Co-optative Trustees may serve up to two terms of five years. This wa5 agreed by the Board in 2020. During 2024, two further Nominative Trustee positions became vacant followin8 the retirement of lan Duntan and the resignation of Adele Morris. A trustee recruitment exercise was conducted in the latter half of the year resulting in the appointment of Lorraine Thomas as a Nominative Trustee in December 2024, and Lauren Batstone and Katherine de Kret5er in March 2025. Amlr Eden resigned as a Nominalive Trustee in February 2025. At the end of the accounting period, one Trustee had exceeded the maximum number of terms. Andrew Starte's Nominative Trusteeship had been renewed in March 2021 for one further term.. the Trustees agreed to waive the policy and permit him to remain for a further 4-year temi so that he tould continue in the T￿osurer role that he took on in June 2020. Andrew fetI￿d as a Trustee in March 2025. In 2019 the Board agreed that all Trustees should undertake at least one day's training on the roles and responsibilities of chartty trustees unless they can demonstrate that they have undertaken similar training in another trustee role within the past three years. All the newty appointed Trustees will have completed thelr training in the early part of 2025. Trustees are also encouraged and facilitated to undertake training on other matters related to their roles. During 2024 a number of Trustees participated in on-line trainin8 on charity investments. mana ement rsonnel remuneration Salaries of key mana8ement personnel are Set by the 8oard, based on salary reviews, market rates and available funding. Publlc Benefft and tharltable actlviti The Trustees have referred to the Charfty Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future artivitles. In p8rticular, we have considered how planned activities will contribute to the aims and objectives that are Set out in our Charity Schemes of 1971 and 1975. The Trustees are satisfied that the charity meets the Charity Commission's guidelines regarding delivering public benefit. Our current charitable attivities are describeil below, listed by Fund. the Mart r Fund Unrestricted "Pensions~ ond "pensioners" The Charity makes discretionary charitable payment5 IDCPs1 to'pensioners" These are defined in the Scheme as "poor persons who ... have resided in the Ifomier Metropolitan Borough of Southwark areal for not less than five yeaTs The Trustees have detem)ined, for the time being, to confine such payment5 to persons who are of State Pension age and meet certain income and savings criteria. The recipients of such payment5- the "pensioners" are called the Full Members of the Charity. Such title does not confer any authority to participate in the declsion-making of the Charitv. Page 6 of 33

Since the start of 2019. others who have not fulfilled the 5-year residency requirement may also be appointed as Associate Members. They do not receive the discretionary charitable payment but are able to take advanta8e of the Charity's other service$1see belowl- During 2024 discretionary charitable payments of £85 were made to all Full Members in March, lulv and November. We also continued the proce55 of rea55essing all Full Members who had been such for five years or more. to confirm that they continue to meet the financial eligibility criteria set by the Trustees. During 2024, one Full member was discovered to have higher income andlor savings than the eligibility threshold. They were miErated to'honorary member, status, which means they can participate in the Chorty's social activities (see below) but have io pay lo do so and they do not receive the DCP. Relief in need The Scheme permits the Trustees to "apply the income of the Charity to... Telieving either generally or individually persons resident in the Iformer Metropolitan Borough of Southwark areal who are in conditions of need, hardship or dist￿55 by making grants or money or paying for iiems, services or facilities calculated to redute the need, hardship or distTess of such persons. During 2024 such application of income comprised.. The provision of grants to individuals who meet certain income and savings criteria agreed by ihe Trustees. Information on the number and value of suth grants Is provided below. The provision of social opportunities such as free holidays, day trips and theatre outines to members and their carers. Home hairdressing and nail care Se￿I(e5. Christmas gifts for members. Personal outreach 5UPPOrt by the Charity's Visitor to assist Members with day-to-dav problems, connect them to other service providers and evaluate what additional support the Charity can provide, e.g. through the provision of grants. The intended benefits of the above we￿. Prevention of poverty andlor alleviation of the effects of poverty Reduction in loneliness, isolation and exclusion Improvements in health and mental wellbeing The Charity is independent of the Church and provides support and seNices to people of all faiths and none. Fenner and Martin Bible Fund Restricted The purpose of the Fund 15 to purchase Bible5 for distribution to poor. young people who are resident in the former Metropolitan Borough of Southwark area. No grants were awarded in 2024. Page 7 of 33

During 2023, the Trustees decided that the Fund would be better managed by the Newtomen Collett Foundation, who are experienced in providin8 grants to children and young people. However, as at 31" December 2024 the transfer had not been completed. Delaforce EdLtcational Foundation ricted This Fund is to be used for the payment of rent and malntenance improvement of the premises of the St. George the Martyr National Schools (currently considered to be St Jvde's C of E Primary School). Any residue of income to be applied by the Trustees in such manner as they think fit. No grants were awarded in 2024. During 2023, the Trustees decided that the Foundation would be better managed by the Newcomen Collett Foltndation, who have relationships with local schools. They agreed to transfer the Foundation's funds. However, as at 31st December 2024 the transfer had not been completed. Surre nsa Restricted Surrey Dispensary funds may only be applied "for the purpose of relieving in cases of need, persons who are sick. convalescent, disabled, handicapped Isicl or infimi by providing or paylng for items, seryices or fatilities which are calculated to alleviate the suffering or assist the recovery of such person5 in such cases but are not readily available lo them from other sources. The area of benefit for Surrey Dispensary funds is the area of the former Metropolitan Boroughs of Southwark and Bermondsev. Our values We will always be kind, considerate and non-judgemental in our interactions Wbth people in need, hardship or distress. We strive to reach and assist as many of those who meet our criteria for assistance as possible. including those who may have been overlooked in the past due to their ethnicity, language or We aim to Provide high quality support to our beneficiarles, actively asking for and responding to feedback and being open and honest with people. We will to-operate and collaborate with other organisations to assist people in need, hardship or distress in our area of benefit. We will plan and make decisions openly and objectively, as far as possible based on evidence of current and future need and provision in our area of benefit. We exercise tareful stewardship of the funds provided by our historic benefactor5, to ensure they are used to addre55 current and fulure need, hardship and distress effectively and efficiently. Page 8 of 33

Statement on Public Benefit The objertives and activities, and achievement an(1 performance sections of this report clearly set out the activities which the charity undertakes for public benefit. The trustees confirm ihat they have complied with the duty in Sertion 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determinin8 the activities undertaken by the Charity. Review of 2024 Business as usual l. Membership In 2024 we recruited 18 new members. Durin8 the year we lost 28 members and the total at the year-end was 228 Icompared to 237 at the end of 20231. Of those- 205 were Full Members, eligible to enjoy all the Charity's service5 and receive Discretionary Charitable Payments of £85 in March, july and November. 6 were Associate Members, who had not resided in the Area of Benefit continuously for five vears and are not eligible to receive Discretionary Charitable Payments 17 were Honorary Members. who do not receive Discretionary Charitable Payments orfree hairlnail care and may have to pay to enjoy the Charity's Social opporturbities. These are usually former Full Member5 whose income andlor savings exceeded the financial eligibility thresholds when reassessed. In total, 226 individuals benefited from at least one Discretionary Charitable Payment dLsring the year. The Charity's policy is that all Full and Associate Members must be reassessed every five years, to confirm that they are still eligible for membership. During 2024 we reassessed 26 members. Of those 24 were eligible for ongoing membership, one was transferred to Honorary Membership and one membership was revoked. Four members did not cooperate with the reassessment process, one resigned and the other three had their membership revoked. The Charity is committed to increasing the diversity of its membership, 50 that it reflects the community that live5 Wlthin the Area of Benefit. Of the 18 members appointed during the year, eight are Black, Black African or Black Caribbean, two are Mixed Asian/White and one is Asian. In total, 61% of new members appointed in 2024 are from Black or Minority Ethnic communities. The one community where we still have very little penetration, is the Latin American community. During the year we started an outreach project to link up with organisations that support Latin American people in Southwark. The aim is to solicit feedback from them about the relevance and accessibility of our services, with regards the Latin American Page 9 of 33

community, and to generate referrals or si8n-postings for membership andlor individual grants. We also began a conversation with Southwark Council's Revenues Team about direct mailouts to Pension Credit recipients within the council wards that are wholly or mainly within the St George the Martyr Area of Benefit. They individuated that they are willing to help, and the project will be progressed in 2025. 2. Sociol opportunities 36 members plus nine carerslcompanions enjoyed the summer holiday- a four-night break at the Warnerfs Sinah Warren resort in Hayling Island. We applied the Same system as in 2022 and 2023 for prioritising places based on individual need. There is a clear raison d'etre for the provision of holidays, which was used to assess individuals, applications for them. In addition to the holiday, we organised our usual Winter Party at the Brick Lane Music Hall and three coach outings, four theatre trips and three lunches at local pubs. 126 members enjoyed at least one of the above. This is about the same as in 2022 and 2023, confirming that the lower level of interest in trips, post-COVID was not a temporary phenomenon. 83 members attended the Winter Party in February along with 24 carers/companions- this was slightly higher than in 2023 but still significantly lower than in pre-COVID years. We were pleased to be able to sell SO spare places to Southwark Charities. Several of our members were transported to and from the Winter Party by accessible taxi. A growing number of members have significant mobility impairments, and it is proving difficult to ensure their safety when transporting them in a single accessible coach. We signposted Members to other Charities, social activities through the four-monthly Members newsletter, and through pastoral care interventions. 3. Homecore services Over the course of the year 19 Member5 benefited from the home hairdressing service at least once. This was four more than in 2023. The Trustees are keen to ensure that the Charity's home hairdressing service meets the needs of its increa5ir)gly diverse membership. In 2022 we consulted with our members who are from African and Caribbean backgrounds about their needs, in terms of home hairdre55ing. Based on the responses we attempted in 2023 and 2024 to expand the number of providers, so we can meet the needs of all our members. Sadly, we have so far been unsuccessful but will continue in 2025. 50 members benefitted from the home nailcare service at least once. A further five benefitted from Age UK's'Happy Feet, service through an agreement reached with Age UK Lewisham and Southwark in 2023. Page10of33

Sadly, we lost our home nailcare provider at the end of 2024. In 2025 we will work to find a replacement. In the meantime we will increase referrals to the Happy Feet service, for members that are able to get to their centres. 4. Postorol Core The most important member-related priority for 2024 was the rebuilding the pastoral care service, which had declined Significantly in previous years as the number of applications for individual Erants increased. This was one of the major conclusions of a Strategic Planning Day in September 2023 and led to the decision to increase Visitor capacity. The additional Visitor started at the beginnin8 of February 2024 and in the following months the two Visitors identified those members who were most in need of pastoral care. These were members that had been inactive for over a year, were known to be socially isolated without familylother support, or were known to have recent health, family, or bereavement issues that would require support. Throughout the course of the year, over 70 members benefitted from pastoral care. Most were pro-active engagement5 resulting from the prioritisation. Some were reactive. in that they were in response to events experienced by the member during the year, such as illness or a bereavement. Support provided included signing members up for grants and/or the Charity's homecare services, signposting them to other Charities or statutory services, helping them access statutory services le.g. through form filling or advocating on their behalf). In some cases, it was simply visiting members to provide emotional support. 5. Christmos glfts At Christmas 2024, £60 gift cards were sent to 207 member households. 6. Gronts to individuols During 2024, 107 individuals benefited f rom individual 8rants totalling £59,157. The Charitv now runs three grant schemes.. one for persons aged 55 and over, one for people under 55, and the Surrey Dispensary grant scheme for individuals in medical need. The breakdown of the grants by scheme was= Scheme Beneficlaries 38 22 47 107 Total value SGMC 55+ SGMC Under 55 Surrey Dispensa TOTAL £29.966 £16,470 £12,721 £59.157 A further £3,775 of grants were dispensed to 15 people with No Recourse to Public Funds, through the Southwark Day Centre for Asylum Seekers1SDCASI. Page11 of33

During the year. there were several discussions about the purpose, nature and scope of the individual grant schemes. These will be continued into 2025. Some specific decisions were made in respect of grant applications or referrals for: People in temporary accommodation Specialist private medical assessments and medication Individuals living in multi-generational households Funeral expenses for people who have No Recourse to Public Funds Collaboratln with others 1. Surrey Dispensary At the end of 2024, the Trustee Boards of both charities agreed to apply to the Charity Commission to have Surrey Dispensary 'linked' to St George the Martyr Charity. Thi5 would make the combined governance of the two charities more eff icient and, hopefully further increase the number of people who benefit from Surrey Di5pensarfs funds. The Charity Commission approved the application with effect from 17th May 2024. Henceforth they would be considered as a single Charity for the purposes of registration and accounting. There will be a single Annual Report within which Surrey Dispensary will be treated as a restricted fund. 2. 5outhwork Charities n September 2023. the Trustees agreed to establish a Joint Working Group IJWGI with Southwark Charities to explore the potential merger between the two charities. An initial meeting took place in December 2023 and discussions continued into the first half of 2024. Following this meeting, the SGMC Trustees agreed that the preferred initial option would be to rationalise the services provided by each charity, prior to any merger. There was a concern that SGMC'S unique values and ethos would be lost in a merger. The discussions continued in 2024. Southwark Charities were not keen on such an option and in May 2024 it was agreed to cease the discussions. However, it was agreed that: Southwark Charities would inform their members that live in the SGMC area of benefit about the SGMC hardship grant scheme an(1 encourage them to apply if they have needs that could be met throu8h a grant. The Visitors of the two Charities will share information about planned social activities planned, to Identify options for offering up spare places that may arise and explore options for collaborating on the arranging of activities. 3. Southwork Individuol Givers Network It was also agreed that the SGMC Clerk would attempt to convene a forum for the Page 12 of33

Southwark-based charities that give individual grants, with the aim of improving co- ordination of fund5, sharing best practice, and increasing the number of people across Southwark that are able to benefit from them. An initial, and well attended meeting took place in November 2024 and there was a joint commitment to continue the network in 2025. Trusted Third Porties The arrangement with Southwark Day Centre for Asylum Seekers, which began in 2023, continued to provide a route to extend the benefits of the Charity's funds to population groups we would not be able to reach directlv. In 2024 the Trustees agreed to attempt to engage other charities as Trusted Third Parties, particularly those supporting the Latin American Community and homeless persons. Some initial progress was made in respect of the former. 5. Stakeholder event In October 2024 we held a stakeholder event in the crypt at St George the Martyr Church. The aim will be to publicise the Charity and its services, promote the Charity's profile within Southwark's voluntary and community sector, to support increased referrals and help build new Trusted Third-party relationships. The event was attended by over 60 people, including several Charity Members, who were able to tell other attendees about the ways that they had been supported by the Charity. Im rovin the or anisation l. Member engagement During 2023 the Trustees agreed that we should undertake a membership survey every three years, to gather feedback about the services we currently provide. and seeking suggestions for improvements. We undertook such a survey in the last quarter of 2024, with a particular focus on those members who do not lor no longer) take advantage of the social opportunities that we offer. We asked questions about: Members. feelings of loneliness and isolation Members, participation in and suggestions for our social opportunities Members, experience of our homecare services Members. experience of our pastoral care service Member's use of and knowledge about technologv The responses will be analysed through 2025, and the results will inform our strategic discussion5. Paye 13of33

  1. Visitor capocity A key decision from the strategic discussions in 2023 wa5 to increase our Visltor capacity. to support an increasing grants workload and rebuild the pastoral care seNice. An additional, part-time visitor- Cath Collins - was appointed at the end of 2024 and began work in February 2025.
  2. Policies andprocedures During 2024 we agreed or reviewed the following policies: Use of volunteers Inewl Whistleblowing Inewl Anti-Fraud Inewl Employee Manual (annual review} Safeguarding (annual review) Health & Safety lannual reviewl We also began a review of our approach to lone working, which will be completed in 2025 and suitable adjustments made to our procedures.
  3. Trustee recruitment Two Trustees- lan Duncan and Adele Morris- stood down as Trustees during 2024, and a third - Andrew Starte- was due to do so in early 2025. In the latter half of the year, we assessed the collective skills, knowledge and experience of the Trustee Board to identify any gaps and inform a trustee recruitment exercise at the end of the year. One new Trustee- Lorraine Thomas- was appointed as a Trustee in December 2024, and two more- Lauren Batstone and Katherine de Kretser- in March 2025. Flnancial Review Inc me and ex enditure Unrestricted income during the year amounted to £64,98512023- £88,936). In addition £598 12023- £1,745) of restricted investment income was received. The reduction in unrestricted income was planned and was the full-year effect of liquidating the investments held by Quilter Cheviot in 2023. In addition. £761.230 of Surrey Dispens8ry cash lof which £56,208 was r8Strictedl and investments of £705,022 as permanent endowment. was transferred into the St George the Martyr Charity accounts, following the Charity Commission's agreement to link the two charities. The accounts show the amalgamated results lor both charities for 2024 8nd 2023. Page 14 of 33

Total expenditure amounted to £395.02412023'. £341.9131. This resulted in an operating deficit of £329,44112023- £251.2321. As in previous years, the Trustees had planned for the year-end position to be a deficit, 35 part of its strategy for reduting the very high level of free reseNes that the Charitv has been holding for many years. The significantly increased deficit in 2024 was the combined effect of= ailditional grants expenditure, including £12,656 of Surrey Dispensary grants which are included as a result of the linking of the tharities,. and additional staff costs following the recruitment of the second Visitor. Donated income amounted 10 £2.75012023'. £3,2301. This was the Henry Smith Charity Parish Grant IHSCPGI of £1.850 plus £9Th) received from three individuals including a grateful former grant recipient that had come into some money. Whilsi the HSCPG income is cate8orised as unrestricted income it was notionally allocated io grants dispensed by Southwark Day centre for Asylum Seekers ISDCASI to persons with No Recourse to Public Funds. Trustee ex nses In 2024 no trustees were reimbursed for expenses. However, three sPads with undepreciated value 01 £88 each were gifted to retiring Trustees in line with charity policy. iPads purchased by the charily are used by trustees in relation to their governance duties for the Charity. The ipads remain the property of the Charity and are to be returned to the charity on completion of the term of office of the Trustees. The trustees may purchase the iPad at the end of their term at a fair value to the Charity or can be gifted subject to the approval of the Board. Investments and cash The Charity's permanent endowrnent 15 invested in several common investment funds managed by M&G Icharifundl. CCLA (COIF Ethical Investment Fund, COIF Investment Fund, COIF Property Fund) and Savills (Charities Property Fundl. This inclu(les the Suriey Dispensary endowment that was transferred to St George the Martyr Charity in 2024. With the exception of the two Property funds, all investments are in accumulation units, as the Charity does not require the income from the endowment until its resetves have reduced to a reasonable level. At the start of the year the value of the endowment was £8,242.529. At 31" December 2024 it was £8.779,489. After removing the additlon of Surrey Dispensary, the endowment experienced an increase of 6.6%. The Charity's accumulated reseNes, which are surplus to the Charity's day-to-day requirements are helll as a combination of cash, fixed term deposits IFTDS) and investments. The intention has been to mainlain cash and FTD reserves equal to around two years, gross expenditure, as a hedge against market volatility. The FTDS are included in the Fixed Assets.. Investments line on the Balance Sheet. At the start of the year the value of the invested reseNes was £2,039,874, spltt between common investments funds and Fixed Term Deposits on the Flagstone banking platform. At the year end, invested reserves amounted to £1,764,582, including £434,452 held in FTDS. Cash and voucher holdings at the year-end amounted to £227,634. Page15of33

Reserves The St George the Martyr Charit(s current Rese￿eS Policy is.. To hold free reseNes equivalent to the level of total expenditure expected over the next two vear5. This is on the basis that the Charity is dependent on income derived from the global stock market, which is unpredictable and can be volatile. Free reserves are the funds that the Charity has which can be freely spent on any of its charitable purposes. It excludes restricted income funds, endowment funds. tangible tixed assets held for the Charitws own use and designated funds (see below). Amounts that have been set aside for essenb'al future spending are called designated funds. Designations of reserves must be approved by the Trustee Board and be for a specified purpose that the Charity has clear plans for expending funds on. Total unrestricted reseNes at the year-end amounted to £1,969,98112023 £2,205,810). This was a decrease in reserves of £235,829. At the year.end the Charity had fixed asset5 of £1,750. F￿e reserves Inet of designated reserves) al the year-end were thus £1.968,23112023 £2.203.1401. This figure represents over five years of unrestricted expenditure at the level forecasi for 2025. The Trustee5 have acknowledged that this is significantly higher than the reseNes ceiling in its approved reserves policy. At the end of 2020, the Trustees took a decision to fund most of the Charity's operational expenditure from reserves over the next five to seven years. or until such times as the reseNes are reduced to two years, average expenditure. In the meantime. it is hoped that the permanent endowment, having been switched to accumulation units will grow, so that it produces a larger income in the future. Plans for 2025 Our priorities for 2025 are as follows.. Buslness as usual l. Membership In 2025 we aim to recruit 45 new members. Thi5 15 the same as we recruited in 2019 but significantly more than we have in any year since. In recent years our Over-55 grant programme has been the source of up to 50% of new memberships. However, it will not be sufficient to generate the required numbers in 2025. Therefore, we will work with Southwark Council to directly contact pensioners within our area of benefit who are likely to be eligible may not have heard of us before. We also aim to continue to increase the diversity of new memberships, so they better reflect the local community of older people. Over the past five years we have been successful in attractin8 members from new communities, particularly Black African and Black Caribbean pensioners who made up 44% of new memberships in 2024. P8ge 18 of 33

However. despite there being a sizeable Latin American community In north Southwark we have never recruited many pensioners from that community- In 2025 we will build on the contacts with Latin American organisations that we made in 2024 to find ways to extend the benefits of the Charity'5 funds to the Latin American community in general. During 2024 we undertook a membership survey. to gather feedback about the services we currently provide, and seeking suggestions for improvement5. We will analyse the results of that suNey in 2025 and, if necessary, supplement the plans laid out in this document. The Charitvs policy is to undertake financial reassessments of all members every five years, to ensure that they are still eligible for membership. 73 members are due for reassessment in 2025. At the time of writing there are a small number due in 2024 which have yet to be completed; some of these may fall into 2025. This will be a significant challenge, and we will aim to find ways to streamline the process to minimise the impacts on other Visitor functions. In 2024 we started to rebuild the pastoral care service, which had declined significantly in previous years as the provision of hardship grants increased. We achieved this by increasing Visitor capacity. Following a temporary setback in the last quarter of 2024, in early 2025 we will again identify those members who are most in need of pastoral care, set targets for engagement and monitor their delivery over the remainder of the year. 2. Sociol opportunities As we have done in previous years, we will provide a social opportunities programme lincludinE short breaks, day outings, theatre trips and a Winter Party) that can be contained within the budgets approved by the Trustees Isee Appendix Al. Likely minimum numbers lincluding staff) are: Holiday.. 46 places lalready bookedl Winter Party.. up to 180 places lalready bookedl Theatre trip5.' 160 places180 already booked) Day outings: up to 270 places As we did in 2023 and 2024, we will work with other local organisations to ensure that all paid-for places are used, particularly with regards the Winter Partv. Noting that the proportion of our members that take up the social opportunities is reducing, we consulted with member5 in 2024 to 501icit ideas for additional or future social opportunities that would appeal to currently inactive members. We will analyse the results of that part of the member survey in early 2025 and develop additional activities for the remainder of the year, usin8 the provision that has been built into the budget. In addition to providing our own social opportunities, we will continue to signpost members to other organisations that provide social opportunities, whether free or paid-for. Page 17 of 33

  1. Homecare services In 2025 we will continue to try to recruit an additional home hairdre55er, so we are able to meet the needs of our increasingly diverse membership. A new lead was developed at the end of 2024, and we will follow this up in the early part of 2025. We will rebuild the home nailcare service, that was disrupted at the end of 2024 due to reasons beyond our control.
  2. Individuol grontS We will continue to increase the number of people we help through our grant schemes. In 2024 we directly awarded grants to over 100 people.. more than we ever had before and around 20¥0 more people than we did in 2023. This was a struggle, even with our increased capacity for part of the year. and it impacted negatively on other Visitor functions. This was at least partly due to the increased complexity of grant applications we received, particularly for the Under-55 scheme. For 2025 we have set a budget which is around £IO,CrfXI, or 17% higher than we will have spent in 2024. However, this is an estimate, and the actual spend will depend on the number and size of applications, which is largely beyond our control. A further significant increase in the number of applications will be difficult to manage, even with more consistent capacity in 2025. Therefore, we will be reviewing all our grant schemes in early 2025 both to clarify who and what they should be fore, and to identify ways of streamlining our processes and reducing complexity. We also aim to develop additional Trusted Third-Party relationships with organisations that can dispense small grants on the Charity's behalf to individuals that we would not be able to reach directly. Our particular focus will be organisations that support people f rom the Latin American community, building on links we have made in 2024. Collaboratin with others We will develop additional Trusted Third-Party relationships that will enable us to extend the benefits of the Charity's funds to population groups we would not be able to reach directly. We will support the development of the Southwark Individual Givers Network ISIGNI, which we initiated at the end of 2024. The aim of SIGN is to promote collaboration between organisations that give to individuals that live in Southwark, so that more people are helped, it is easier for people in need to find organisations that can help them, and best practice is shared. lrn rovln theo anisation In developlng this plan, it became clear that we need to start planning for the organisation Pa9e180f33

we will be once our excess unrestricted reserves have been exhausted. This could be as soon as 2028. Our forecast future income will not be sufficient to support, say, 50% more members than we currently have and have a large individual grant scheme. We need to make some decisions on what the balance should be and plan accordingly. So, we will carry out another strategic review in early 2025. At the time of writing, we are actively recruiting to up to four vacant Trustee places. A key priority in 2025 will be inducting new Trustees, as well as continuing to publicise and remaining vacancies. We will review the following organisational policies.. Investments and tash management Health & Safety SafeBuardin8 GDPR/Data Protertion As part of the review of the Health & Safety Policy we will: review our approach to lone worklng and make any necessary adjustments to our working practices introduce systematic risk assessments for Charity holidays and trips As part of the review of the GDPR/Data Protection Policy we will.. complete the digitisation of member data held on paper documents (bank mandates, application forms, GDPR consent forms) review our data 5eturity arrangements and implement any improvements required, for example in respect of backing-up Cloud-based data. Risk Management The main intrinsic risks that the Charity is exposed to. due to the nature of its activity and income source, are in respect of: The health and safety of members, their carerslcompanions and the Charity's staff/volunteers/homecare providers during Charity trips and holidays and in respect of home visits The high level of reliance on a very small number of paid employees. This risk will increase with the reduction in the Clerk's contractual hours from three to two days a week from January 2025. Volatile markets adversely affecting the yield and future value of investments. The additional risks related to the achievement of the priorities and actions listed in this Plan are.. Page 19 of33

Business- The Vlsitors become oveNhelmed with grant applications, reducing their capacity for other Vi51tor functions Demand for trips and holidays 15 greater than the number of places we can provide. within budget and organisational capacity. Ilaboratin with other5 o Failure of Trusted Third-Party arrangements Im rovin theo anisation o Loss or unlawful sharing of key data The Trustees have approved a Risk Regisler, which includes an assessment of the probability and impacts of the above risks. Any specific actions required to manage or mitigate them are included in the priorities above. Trustees, responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England & Wales require5 the trustees to p￿pare financial statements for each financial year which give a true and fair view of the State of affairs of the charity and of Its incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting pollcies and then app￿ them consistentlv. obseNe the methods and principles in the Ch3rities SORP 2019 IFRS1021. make judgements and estimates that are rea50r)able and prvdent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going toncern basis unless it is inappropriate to presume that the charity will continue in operation The trltstees are responsible for keeping adequate accounting records th8t disclose with reasonable accuracy at any time ihe financial position of the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011 and the provisions of the trust deed. Thev are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. In so far a5 the trustees a￿ awa￿.. there is no ￿levant information of which the charitvs auditor is unaware- and Page 20 0133

the trustees have taken èll steps that they oughi to have taken to make themselves aware of any relevant audit information and to establlsh that the audltor Is aware of that information. On behalf of the board Rebekah Bostan Chair of the Board of Trustees Date.. 25th June 2025 P48 210133

Independent Auditor's Report to the Trustees of St George The Martyr Charity Oplnlon We have audrted the finan¢ial $tatements of Sl George The Martyr Charity Ithe 'charty'l for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statement5, including signrficanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable18w and United Kingdom Accountsng Standards. including Financia5 Reporb'ng Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the finan¢i81 st8temenls'. give a true and fair view of the slate of the ¢harty'$ affairs as at 31 December 2024. 8nd of its incoming resources and application of resources, including ils income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pracli¢e", and have been prepared in accordan￿ wth the requirements of the Charib'es Act 2011. Basis for opinion We conducted our audit in accordance wilh Inlernalioii81 Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are lurther des¢ribe(l in the Auditor's responsibilities for the audit ol the financial statements section of Ouf report. We are independent of the charity in accordanee wlh the ethical requirements that are relevant lo our audit ol the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical respDnsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng ¢on¢ern In audrting the financial slalements. we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have performed. we have not identified any malerial uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubt on the charity's ability lo continue as a going ¢on¢em for a period of at least twelve months from uthen the financial stslemenls are aulhorised for issue. Qur responsibilities and the responsibilities of the trustees wth respect to going concem are described in the Televant sections of this report. Oth•r information The other infom81ion comprises the information included in the trustees annu81 report. other than the financial stslements and our audrtor's report thereon. The Iruslees are responsible for the other information ¢ontained within the annual report. Our opinion on the financial statements does not cover the other informats'on and, except to the exlenl otherwise explicitly stated in our report, we do not express any fomi of a$suran¢e conclusion Ihereon. Our responsibility is to read the other infonnation and. in doing so, consider whether the other information is materially inconsislenl wth the financial slalemenls or our knowledge obtained in the course of the audit or olherwse 8ppe8rs lo be materially misstated. If we identify such material inconsislencies or apparer)t material misstatements, we are required lo determine whether this give5 rise lo a malefial misstatement in the financi81 statements themselves. If, based on the work we have perfomied, we conclude that Ihere is a materi81 misststement of this other informats'on, we are reqUI￿d to report that fact. Paye 22 Trf 33

We have nothing lo report in this regard. Mattors on which w• ar• r•quir•d to roport by excoptlon We have nothing lo report in respect of the followin9 matters in relation to which Ihe Charities IAccounls and Reports) Regulalions 20Q8 require us lo report lo you if, in our opinion.. the informalion given in the financial slalements is inconsistent in any material respect with the twslees, report". or the charity ha5 not kept adequate accounting records., or the financial statements are not in agreement with the accounting re￿r￿S and relums.. or we have not received all the infomation and expl8n8tions we requi￿ for our audit. ResponslbllltS•8 of trn8t•è8 A5 explained r￿re fulty in the trustees, r95pon5ibilitios statement. the trustees are responsib￿ for the preparation of the financial stslemenls and for being satisfied that they give 8 true and fair view, and for such intemal control as the Iruslees determine is necessary to enable the preparatson of finarrial statements that are f￿e from material misst8temenl. whether due lo fraud or e￿Or. In preparing the financial slatemenls, the Iruslees are responsible for assessing the charty's ability lo continue as a going concern, disclosin9, as applicable, matters related to going concem and using the 90ing concem basis of accounting unless the Iruslees either intend to liquidate the charity or lo cease operations, or have no realistic allemative bul to do so. Audltovs responslbllltles lor the audlt of the fln•n¢lal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in a￿)rdance wth regulations made under section 154 of that Act. Our obje¢tiVgs are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststemenl, whether due lo fraud or efror, and lo issue an audrtorfs report th81 includes our opinion. Reasonable assuranee is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misst81emenl when it exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate. they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities. includin9 fraud, are instances ol non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstalemenls in respect of irregularilies, including fraud. The specific procedures for this enga9ement and the extent lo which these are capable of detecknng irregularilies, including fraud is detsiled below. Erwuiry of management and those Charged with governance around actual and potential litigation and Claims as well as actu81, suspected and alleged fraud,. Reviewing minutes of meetings of those Charged with governance.. Assessing the exlenl of cornpliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection., Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulats'ons., Performing audit work over the risk of management bias and override of controls, including testsng of joumal entries and other adjuslmenls for appropriateness, evaluating the business rationale of signbficanl transactions outside the normal course of business and reviewing accounting eslimales for indi¢alors of potential bias. Because of the inheTenl limitations of an audit, there is a risk that we wll not delecl all irregularities, including those leading lo a material misstalement in the financial statements or rK)n-compliance wth regulation. This risk increases the more that ¢omplian¢e with a law or regulation is removed from the events and transactions reflected in the financial statements. as we wll be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due Page 23 of 33

to fraud rather than error. as fraud involves intentional GonGealmenl. forg¢ry, ¢ollusion, omSsslon or misrepresentstion. A further description of our responsibilities is available on th& Financial Reporting Council's web$it¢ at.. httpS..l￿.fre.or9.ukJour-WOrklAUditlAydlt-0nd-8S$ul8neeIStandard5-and-gU1danCe/StsndaTds- anduidance-for-auditorslAudilors-respon$ibililies-for-auditlDescription-of-auditors-responslbililies- for•audil.aspx. Thi8 description forms part of our •uditor'$ report. Usg of our r•port This report is made 501ety to the chanty's Iruslees, as a body, in accordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charty's Iruslees those matters we are required lo slate lo them in an audilorfs rewrt and for no other purpose. To the fullesl extenl permill8d by law, wo do not accept or assume re¥pgn$ibilily to anyone other than the charity and the charty's Iru$l•s a$ a body. for our audit wa￿, for this report. or for the opinions we have formed. John Howard FCA A2ets Audit Services Stslulory Auditors, Chartered A¢countants 2nd Fl¢)or, Re9is House 4S King William Street London EC4R 9AN Date: i>F 3oxr Azets Audit Servicè5 is eligible to act as an aLKlltor in tems of section 1212 of the Companies Act 2006. Page 24 of 33

Statement ol Flnanclal Artlvftles Sl GÉorg• Iho M•rtyi C￿rity Forlhe yearended 31 Decernber 2024 Fundi(£l Vundi.839 $17 136 97.674 è1.6Q4 5,è17 ow Tot 1.745 FLr 429 1.939 3.1¥4 3.131 12tsS6 12hS1 T¢W 341J13 111051 1146x1 IlJ7J 81. $5S.960 619.Qlg 1) 180,791 411.142 71.¥T è.243 519 10.¥19.F 7.%91.738 Tho Sl•temorfof Fin8n¢K81 bityprothxqd on IhD bam allacb¥dlDs we CODbThJkn9. T￿r*Or@ no r8co9n42gd 9aIn$or￿$$e$Ot￿rth¥Th thwe pJ844ng I￿￿u￿h ihe StatsmeDt of F￿an￿￿1Ac1￿It￿l. ￿1$$0￿ p898¥ 26 w 32 ftym pirttsfth0￿ f¥wrckil style￿nIs. P¥Bvl¥pf3J

Balance Sheet For the year ended 31 December 2024 31 Doe•mber 20241 Totsl Funds 31 DKgmb•r Notes 20231£) Tatsi Fund$ Balance Sheet Fixed Assets Tangible assets Investments Totsl Flxed As9ets: Current a8sÈts.' Deblors Cash at bank and in hand Totsl Current as￿>.. 11 16 1.750 10555,114 2.670 10,292,91 10 17 39.155 227.634 70,122 191.600 Creditors Amounts falling due within one ear Total Llabllhlès 18 14.345 37.603 Not current asxts 224 119 Totsi as8&ts1888 current Ilablllt 10 519 700 Totsi Net Asstrts Furbds ol the charity Endowffleni funds Restricied inmme fur￿$ Unresiricled funds Totsl Chari Fundi 10 300 10 519 700 20 20 20 8.779.489 59,838 1.969,981 6,242,529 71,361 2.205,810 10 519 700 The notes on pages 26 to 32 form part of these financial stslements. Approved and signed on behalf of the Trustees on 2Sth June 2025 Rebekah 8oslan Chair Paye 26 of33

Notes to the Financial Statements For the year ended 31 December 2024 Accounting Polici Basls of preparatlon of the accounts The financial statements have been under the histori￿1 cost convention, as modified by the inclusion of Investments at market value, and in accordance wlh the Slalement of Recommended Practice.- Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Ireland IFRS 1021 leffecb've 1 January 20151- Icharilies SORP IFRS 10211. the Update Bulletin amending the Charities SORP IFRS 1021 and the Charitses Act 2011. The Charity constitutes o public benefit entity 8s defined by FRS 102. The financi81 slalemenls are prepared in sterling which 15 the functional currency of the charity. Preparation of the accounts on a going concem b8SIS The Tfuslees consider tha there are no material uncertainties about the Charity's abilrty to continue as a going concem. The most significant a￿a$ of un¢ert8inty that affect the carying value ol assets held by the Charity are the level of investment return and the performance of investment markets. Income recognitson All income is recognised once the Charity has enlillemenl lo the income. il is probable that the income will be received, and the amount of income receiv8ble can be measured reliably. Investment Income Income from investments is induded in the Stalemenl of Financial Activities when il is eamed. This is when the Charity becomes entitled lo the resource. Expenditure recognition Liabilities a￿ recognised as expenditure as soon as there is a legal or constwctive obligation commith'ng the charity lo that expenditure. All expenditure is accounled for on an accruals basis and has been classified under headings that aggregate all costs relaled lo the category. Expenditure involving more than one category has been apportioned by the Trustees on a reasonable, juslifi8ble and consislenl basis, involving estimating proportions of time spent. DisC￿tiOnary ch8nlable payments are recognised in full al the point of payment. Grants payable are payments made to third parties in the furtherance of the ch8rit8ble objects of the Trust. These include grants awarded to individuals and those awarded to organisations. The grants are accounted for where either the Truslees have agreed to pay the grant wilhoul condition, the amount of the grant can be measured reliably, the recipient has a ￿3$Onable expeclats.on that they will receive a grant, or any condition altaching lo the grant is outside the control ol the Trust. Funds The Charity has three funds.. permanent endowment- restricted and unreslricled flfnds. The purposes ol the restricted fund5 are covered in more detail in note 19. The unrestricted fund represents the balance of unexpended income and is available for charitable objects, subject lo the working requirement5 of the charity. Page 27 of 33

Fixed Assets and D•prKlatlon All tsngible fixed 85sets are slated at cost less depreaalion. Depreciation has been Provided al the following rBles in ordef lo write off the assets Iless Ihwr eslimaled residual value) over their estimated useful economic lives. Ipads Other IT Office Equipment 20010 Straight Line 33.30k slraighl lin& 25Vo Straohl line IAI the start of 2021 the office eqLFipment category contsined 2 laptops with a NBV of £1,257. Thes assets have been transferred to the Computer Equipment category bul wll continue to be depreryaled 8t 250/0 straight line per annum. Flxèd ass•t Inv•stm•nts Investments are a form of basic financial instrument and are initi811y recognised al their transaction value 8nd subsequendy m8asured al their fair value as al the balance sheet dale using the closing market price. The Statement of Financial Activities indudes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acquire pul options. deriv8tives or other complex financial instruments. Debtors Debtors are recognised at the settlement amount due. Cash at bank and In hand Cash al bank and cash in h8nd includes c8sh and short lenTr highly liquid investmerts with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Credltors Creditors are recognised where the charity has a present obligation ￿$￿Iling from a past event that ill probably result in the transfer of funds to a Ihird party and the amount due to settle Ihe obligation can be measured or estimated r81iably. Reall$ed galn$ and lossos All g8ins and losses are tsken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference befvleen sales proceeds and their opening carrying value or their puich8se value if acquired subsequent to the first day of the financial year. Unrealisgd gains and losses are calculated 8s the difference between the fair value at the year-end and their carying value. Realised and un￿allS8d inveslmenl gains and losses are Combined in the Statement of Financial Acbvities. Penslons Employees ol the charity are entitled lo join a defined contribution 'money purchase, scheme. The charity contribution is reslricled to the contributions disdosed in note 8. There were no outstanding contributions at the year end. Paye 28 of 33

Llnrostrl¢t￿ Funds Restrlcted Fund$ Perma￿￿ Fynd$ Total Funds Tol•l Funds 2023 2. Income and Don8tlon8 from L LI)nat￿n$ Total lfi¢ome and DDnations from Legaclo5 2.750 2.7SO 3,230 3.230 2.750 2,750 Llnro5trl¢t￿ Fund8 Re￿rIcE•￿ Fund• P•rmanen¢ Funds Total Fynds 2024 TOW Fundg 2023 3. In¢om• from Inv•sbMnts vidends TeTm DepDSit and Bank Inleresl Totsl Incom• from Inv•¥lments 39.074 18.604 57,678 39,074 19,202 $8276 63.648 17.956 81,604 Uhr¢stricW Funds Restricted Fur Pormenent Funds Totsl Ftsnds 2024 T•tsi Funds 4. Ot￿r Ihc+Jm• olher opeRiin9 incom? Tothi 01￿￿ Inc•mÈ 4,557 4.557 5.847 5.847 4,557 4.SS7 Unre$trlct•d Funds pèrma￿￿1 FLrnds Total Fynds 2024 Totsl Fund8 2023 Funds 5.Ex end6ture on Rabsln Inv&simeni Manapmeni Fee Total Expenditurg on Ral¥lng Funds 429 429 429 3,134 3.134 Unr•strlct•d Funds R88trS¢t8d Funds Pemmnènt Total Funds 2024 Total Funds 2023 ChDTitable Activitks Charltable Acti￿11•8 Grants lo Inth'vKlua15 olher organisalions Grants lo Indivwjuals Discretionary Charftab￿ Payments Christmas Glfts. Christmas Parts & Sl George's Doy Grants PensKJnw Trips aThY Oubngs PensK>ner Holiday Costs Personal Care 58ThKes charitab￿ AcipiilS Staff Costs IsÈe note 91 &Jppori Costs Totsl Expondgd on ¢fvorh¥blg Adl¥hl•s 4.075 4.075 1,471 43.968 52.890 12,483 56,451 53,8 52,972 54.570 31.162 31.162 17.465 24.578 12.451 27.105 17.465 24.578 12.451 17.045 25.276 11.398 88.090 63.072 1[￿.260 381.939 173 12,856 1￿,433 394,595 85.810 338.779 Unrestrlcted Funds Re￿¢t•d Funds Parmanènt Funds Total Funds 2024 Totsl Funds 2023 7.su Costs Office Rental Administrabve Staff Costs (see no 19,282 19.282 18.317 91 61,722 61.722 43.339 Other Exp￿se$ Deweua*"on and h)ss en dl8posal ol assets A¢rx>uniancy Govetnanrk Costs lsge nole 81 Tolal Expende¢ on Ch•ril•ble Actlvltl8S 9,490 173 9.663 1.508 9.504 1.508 1.628 3,396 9,686 85.B70 3,450 10.808 106,260 3.450 10.808 106.433 173 Page 29 of 33

Unr¢strlctod Restri¢tsd Fund8 Pemianent Fund8 Tot•1 Fund5 2024 Total Funds 2023 . Govefnan¢• Costs Board meeting ¢OSts SlakehDldeT Event Audilors RWnUnets￿0n Trustee Training Tothi Governat)co ￿$ts 1.269 1.169 7.2CiI 1.170 10.808 1.269 1.169 7,200 1.170 10,808 1,177 529 Unrestricied Funds R•8trfj¢tsd Fuhd• Tol•l Funds 2024 Total Fund8 2023 Fund8 9. Stsff Costs Wages and Salarbs So(ial Security Costs Pensk?n Costs-defined conlribuli Staff ProfeS￿o￿al expenses and training Total Staff costs 128.720 8.896 9.1L 128.720 8.896 9.106 92.471 5.466 6.579 3.090 3,090 1,173 149.812 149,812 105,689 The Ch￿ Con￿derS its key marHgemeni persMno1 to (xJmptls& the Trustees c￿rk The ￿tal employm￿1 bewf5ts of key m8n4emenl £62.571 12023.. £,1761 Numbers ofern ￿0yeeS 2024 2￿23 Engaged on Charitab￿ act￿￿11e9 Engaged in rnanagemenl and administralvJn Totsi No employees reteived remuneraiJ)n of more than £eo.r¥]012023.' none). Retirement benefits a￿ accruing for 3 members ofstaff ￿der8 money wrthase xheme12023". 21 10. Tru￿8¢ Expvn$o5 In 2024 and 2023 rK¢trusiees were reimbur￿ foi expens￿. fxJrin9 2024. 3 iPad$ vlth Utthprec4￿ed value of £88 ea(l) were gifted lo retiring Truslees in line wilh charity pdicy. iPad$ purchased by thecharily are used by trustees in felalioTr lo Iheirgoverfiance dulpes for Ihe Charity The ipads remain the propwty of the Charity and are lo be relumed le the Charity on COM￿l￿n of the temi of¢ffi¢e ofthe Trusiees The trustses may wrchase the IPad ai thè en(1 of thdr18rm al a fair value lo Ihe Charity or (xn be ￿fted 10 Trustees. 11. Tahglble Flxed A88•ts ompul•r Equlpment Totsi Equlpment Cost Cosl 1° ja￿ary 2024 Acqu￿rtIOnS 775 219 6,510 369 19871 5.892 7.285 588 19871 6.886 Cosi 31 D•cembef 2024 reclp¢lon Deprecjavon 1¥ J￿Uary 2024 Renh)ved on dSsposal Charye for ihe ya Dopr•¢latlon 31 Dtt•mbor 2024 15771 14.0381 723 11.0641 14,3791 14.6151 723 11.2441 15,1361 175n Net Book Value At 31 Decernber 2024 Al 31 Decernber 2023 237 1.513 2.472 1.750 2.670 PJe 30 of 33

  1. Flnanclal Instruments The S￿n1￿c￿nce of fina￿￿81 instruments io the orwj(￿n9 than(xal sustsinability of charty is Cons￿ered In the invéstment tK)h'cy nd risk management sections of the T￿lee.5 Report. The Chity owns onty basi¢ finarKial instrunTrents. Finartol Assets- Cash at bank in hand- measured al value of cash hdd. 20241£) 227.633 20231£) 191.600 Finartol L&8txlities- measured al settiefflenl amrrtjnt after any trade discounts. 20241£) 75 20231£) 25.502 The SignlfKan￿ ol f￿￿Cial instruments lo the ongoing finar￿al sustainabmliy of ihe Charfty (s considd in investment polcy and r￿k rnanagem8nt secbons cl the Trusiees RewJrt. Market Valuè 31 Dec 2024 Funds ma￿¢1 V•luo 31 Cost 31 DÈC Dae 2023 Furtd¥ 2023 Funds C￿1 31 Dec 2024 Funds 1£>
  2. Fix•d A¥sets Invutments Poimaneni Endom•nt Fenner & Martin Bible Fund- COIF laccvmulatson 19,528 16.939 18,583 16.939 DeLiforce Educalwol Fwndalion- COIF laccUmul¥l￿n unil$l st George the Martyr United FurvJ- Charifund laccumulalion unilsl St George the mar￿ Vnlled FuThY- Ethical Investme FuTrJ laecumuL8tion unitsl st George th& Martyr Uniied FuThl- COIF Prtyerty FuTr4 lincorne ynits) St George the Maty Unlled Fund- Savills fvokrty FuThJ lin¢ome units) Surrey tlispensary Fund- COIF larcumuL4tson uni¢51 Totthl PermonoTh1 EndowmoTht Rèstrieitd Funds De53force Edurational Foundation lac¢AJmu1alion units) Totsl Rstrldod Funds Unre8trlcted Funds St Geero& the Martyr Unrted FuThJ- EthirA Invement FUTKJ la(Lumulation units) Totsl Llnr¢$tricted Funds Totsl Flxod AsSOt 1￿￿$￿￿¢nts 9.059 5.987 8,620 5.987 3.669,333 3.326.138 3.366.Q95 3.326.138 3.576,377 3.131.445 3.383,848 3.131.L145 314,233 288.856 312.735 288,856 450,854 395.000 448,397 395.000 740,075 8.779.489 705.022 7.169.387 704,251 0.242.$29 627.605 7.791,970 11.043 7,299 10,508 10.508 1,330.130 1,180,769 1 180 769 9 057 4SS 1,$28,578 1 528.S76 9n1613 1.434.135 1.434 135 9 233 404 10 120 662 Unrostrlcto Fund8 Rostyi¢t•d Funds P•rnian•nt 31 O•t 2Q24 31 Dec 2023 Endowmènt
  3. Movement In Flx•d Ai8•t Inv•stmÈnts Brou9hl forward ai 1 JanLgry Addilior C4sryJ5al Pr(wds Realised gain Unrealised gain Markrfvalue at 31 D•comb•r 1.528,576 10.508 8,242.529 9.781.613 9,352.966 591,047 1874.8741 3,195 709,279 9,781,613 1280,0(M)I 9,949 71.605 1,330,130 1280.fM)01 9.949 609.1 10.120.662 535 11,043 536,960 .779A89 PermanÈni endofft)effl of£7Q5,022 wa$ inirrK1u¢ed in 2024 a5 a resutt of the lin￿￿9 of t1￿ Suryey Dispertsary Charty. Unrostrlctsd Fun¥5 R•stricted Funds P¢rmftnMt 31 Oec 2024 31 D•e 2023 Endownert
  4. Fixed A¥¥et Inve¥tment¥-Terni De Terffl DepDsts Total Twffl Deposlts 434.452 4￿,45? 434.452 434.452 511,298 511.298 Unro5tri¢ted Funds Ro8trlcted Fundts Pemianehi 31 D•c 2024 31 Oec 2023 Endowmtnt lffj. Flxed Asset In￿$tr￿8￿￿ Investments Ttrm Deposits Total Fixèd Asset Inv￿lmOnt$ 1.330.130 434,452 1.764.582 11,043 8,779.489 10,120.862 434.452 10,555.114 9,781,613 511.298 10292.911 11.Q43 8,779,489 Page 31 of 33

UnrtStrlct•d R•8tr1¢tod FiJnd$ Funds P•rmpnwt EndoThont 31 D•c 2024 31 Doc 2023 17. Dobtors epayments AccrJed Income Other Debiors Totsl Dgbtor5 24.817 11.192 3.146 39,15) 24.817 11.192 3.146 39.15$ 48,137 21.493 2,492 70.122 Unrestrlctod Funds R•strlcted Funds Permment Endoinont 31 Oe¢ 2024 31 Dec 2023 11. Credit•fS Accounts payable Accrua15 Credil card Invesimeni manager fe85 Total CrÈdiior8 11.672 75 2.598 11.672 75 2.598 25.502 9,628 485 37,803 14,345 14.34$ UnMstrid•d Funds A￿trIct•d Funds Pernwn¢nt Endovnnorrt 31 D•¢ 2024 31 D•c 2023 19. Fund5 Brought forward at l Janugry Curr&ni Year Earrwngs At 31 December 2.205.610 1235.8291 1,969,981 71.361 8.242,529 10.519.7W 10.058.458 536.960 289,608 461,242 8,779.489 10.809.308 10,519,700 Rostrl¢t¢d Fund The Charbiy has 3 resthcw funds. Fonn8r and M¥rlln Blblth Fund FDr Ihe purchase of foi dislribuliw lo poor youny p&ts¢n8 re8ldenl ln the area of benefit. Preferen￿ shall bE gwen ￿ Qualthed person5 re￿dent ￿ Ihe aréa ofthe fom8r partsh ol St. Ge(rye Ihe Martyr. D•lalor¢o Eduutyonal Foundjt For the payment of rent maintenan improvement of Ihe pre￿￿seS of St G8tyge the Myrtyr Wi0Tr81 SGhLK)b. Any rgduè ¢1 income to be applied by Ihe Trustses in such manner 85 they think fiL Surrty Oispenwy Fund SuNey Dispensary was founded in 177710 admlnister advre and rnedieAne lo th& poorln Ihe Tr)rth ofwhal 15 now the London Borough of Soulhwark The Surrey Dispensary chaiity (registered charity numtsr 208732-21 wa5 linked lo St Ge￿9t the Martyr Charfty during the year. As a result. reslrKled cash of £56,208 and penn8rnl endovm)enl Inveslrnents 01£705.022 weie Intr(KJU￿d 10 It tharity. r8Slrfcted funds have inveslmwl assets Wblhin thè pemianeni or￿￿M￿nI IN41 produr restrthd iWA)me within th& restrict￿ lund. UThrestrlct0d Funds is )1 tssets and Ilabllftl88 re 1,750 1.764,582 116.839 39,155 114.3451 1,969,981 R¢slrltiod Permanent Efidowm•nt r89811tln th* fvnd$ 31 Dec 2024 )1 Dec 2023 20. Particularn of Ind1vl￿al funds and on Tan9iNe fixed assets Investsnenls Cash and short-term dews Deb￿r$ Credilcrfs Fund6 at 31 Decembor 1,750 2.670 8.779.489 10,555.114 10.292.911 227.634 191.6(K) 39.155 70.1T2 114.3451 137.6031 8,779,489 10.809,308 10,519,700 11,043 48,795 59.038 Suff•y Dlsporisary F•nngr & Martin Restrithd Funds 21. Restriew Funds Al 1 January 2024 In￿rne Ex￿nditUre Investment gains Al 31 Dvcember 2024 56,210 598 112.5201 1,916 13.175 71.361 1681 1881 535 13,642 112.6561 5J5 59.83B 44.288 Surr•y Dlspen¥ary Fènnw & Martln Dolaforce Re¥tricted Funds rè8Ok)ted b Fixed assèt investrnen Cash Totsl Fund5 11.043 2,599 13.642 11.043 48.795 59A38 44,288 44.288 1.908 1,908 Page 32 0133

Surr•y Dlw•nwy F•nMr &M•rt O•loforc• Totsl r•Jtrl¢t•l Fund¥ 22. Com ra￿¥• R•strkthd Furls Al l January 2023 Income Expendjture Investment ialns At 31 D0￿mb•r 2023 71,056 1.381 116,2271 2.037 11,727 353 1721 1.167 11175 1.745 116,3711 1.167 71,361 1721 56310 1.976 Surr•y Dlw•nMry F•nn•r & Martln D•lf0rc• Tot•1 vqstrlct•d Funds rts¢nted FvKed asset inv8strnents D•b¢or$ Cash Cr8dltor8 Tot•1 Funds 10.5Q8 10.508 773 60.565 14851 71.361 773 55.922 14851 56210 1.976 2.667 1.976 13.176 23. R•lat•d Pa Tr•nM¢tlon• In2024 Ihree r•tiring trustee8weregifted Ihe iP•d FYwbJu5tyused forTrustmeelngs. Th¢ undpreckied valueofihe IPads inth•aGEounts at Ihe of grflirrtj was É263. In 2023 ietirirfj Iru51w ￿re gi¥•n gfft vouchern lothe val￿ of £120 B5 a r8iirfrYJ gift. In 2024 Ih¥e w•r• nother rela￿￿ pa￿t￿sacrI)n$l?Q23. none). rail l••• commltrrw•nts At 310K•mbw 2024. tho Charfly had outsiarttling ¢ommitmenl8 foFftrtura minlmum base payments whlth fall due as falbws.. 2024 IQ 19,963 59,B 20231£) 19.269 77.075 Within on¢ y•ar 8etsYeon tsvo and five year8 In over ffve years 25. Su Dl¥ In May 2024 Surrty ￿SpenS￿ry thartty Iretyslered charity numb¢r 206732-21 was Ilnked ￿ St Getrge the Martyr Charfty. Surroy S￿nsaryWJ$f0U￿ded In 177710•Jmlni•r•thi¢•andrnqdldnetothepoN Sn thonortholwh•ii$ th• London Bewh ofsoufvth. As a re5ultof the knklng of thethartt$ Ihe Wlowlry Suryey txspensary Funds Inir¢dutd gl )* Jan 2024. Perma￿￿ EndOw￿ent £70S.022 Resiricied Furds £55.435 Page 33 of 33