Chariry RegisirarioN No: 212336
South Hackney Parochial Charity
Report and Financial Statements
Year ending JI March 2024

SOUTH HACKNEY PAROCHIAL CHARITY
INDEX TO THE FINANCIAL STATEMENTS
Page
Reference & Adtninistrative InfortThation
Tn]stee5' Annual Report
Independent Examiner's Report
Ststemeni of FinancÈal Activities
BaJanG¢ Sheet
Notes to the Financial Statetnents

SOUTH HACKNEY PAROCHIAL CHARITY
REFERENCE AND ADMINISTRATIVE INFORMATION
Trnstees:
Ch41r:
Joannie Andrews
{r¢tired from Chair 06 February 2024)
Beverley Piper-Harris Chair {appoini¢d 06 February 20241
Datoru Ben Paul-worika
The R¢v¢rond ADdr¢w wil￿on
John De La Cruz
Dr Roger Makanjuola
Valerie Harding
Katte Hanson
Lisa-Raine Hunt
Councillor Joseph Ogundemuren
Admini$trgtors'.
The Trust Partnership
6 Trull FaTm BuildLng5
Teibury
Gloucestershir¢
GL8 8SQ
IDdeptndent Ex#rnsner.
Dunkley'5, Chartered Accountants & Sithtory Auditors
W(K)dlxnd% eirange. Wnndland.4 l.ane
Bradley Stoke
Brisiol, B32 4JY
Bankers:
HSBC
91 High Streei
Brentwood. Essex.
SM144RU
Investment Advisors:
Sarasin and Partner5 LLP
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU

SOUTH HACKNEY PAROCHIAL CHARrrY
TRUSTEES, ANNUAL REPORT FOR THE YKAR ENDING 31 MARCH 2024
P¥ge 2
The finan¢ial statements have been prePa￿d in ￿ordance with the accounting policies set out on pages I I to 18 of the attached
a¢¢tsuLlts and comply with ihe chariry's trust deed, the Chariti¢s Act 2011, regulation5 applieabl¢ to that Act, and Accounting and
Reporting by Charitie5' Stxrpmpnl nf Re.t.nmm?.nA?.rt Prxr.Iif.p ApplIe￿￿￿e In t.hxriii?.< prp.pArinu thpir xtr.rniihi< in ivith
Financial Reporting Standard applicabl¢ in the UK ond Republic of Ireland IFRS102}, ¢ffective from ac¢ovnting periods
commencing I. January 2019 or later.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity i5 regulated by a Scheme dated 2 August 2010 as amended by the Scheme dated 28 luly 2016.
Trustees
The charity Currently ha5 ten trusltts. The Scheme provides for up to len trustees. The Board of trusiees is made up of two ex-
officio trustees, the Rector and Chur¢h Warden of th¢ Ecclesiastital Parish of South Hackn¢y' two nominaied trusiees. appointed by
the Lonth)n Borough of Hackney and up to flve co-opted trustees.
On agrteing io become a trustee of the charity, new trustees are thoroughly briefed by their co-tnjstees on the history of the Trust,
the day-to-day management, the responsibilities of the tilJStees, the current objectives and future plans. The trustees are also
encouraged to attend any courses which they feel are relevant to ihe development of their role, and to keep up-to-date on any
chan8es in legislation.
Strll¢tsre and Ma￿￿gement reporting
The trustees are Ultima￿lY responsible for the policies. activities and assets of the charity. They meet four times a y¢ar io Carry out
¢haritable a¢tivities and to make governance and operational decisions. They review the inYe$tment criteria and the assrf all￿atIon
annually. When necessary, Ihe trusiees seek advic¢ and sllpport from tlie cliaTity'S professional advisers including invesitnent
mana8er5. solicitors and accountants. The Trust Parthership is responsible for the day-to day management of the charity's aGliYitie5
and the implementation of poli¢ies with [￿pOnsIbl11tY for mai¢Jtatning a¢¢ounting re¢otds.
Sarasin and Partners LLP are the ¢harity's investment advisers. Their brief is to advise, build and manage an investment portfolio on
a discreiionary basis. At their meetings, the trustees review the performance of investments. th¢ investment managers update the
ttustees itt detail on the portfolio #t regular intervals and up)n request. An investment review Tneeting was held in September 2023.
Key management personnel
The trustees consider that they comprise the key management of the charity in charge of dire¢ting and ¢orttrolling. runnin8 and
op¢ra¢ing the charity on a day-to-day basis. The trustee5 receive no retnuneration.

SOUTH HACKNEY PAROCHIAL CHARITY
TRUSTEES, ANNVAL REPORT FOR THE YEAR ENDING 31 MARCH 2024
P*ge 3
STRUCTURE. COVERNANCE AND MANAGEMENT IcolltlDued)
Risk management
In line with the requiTeme]]t for trustees to undertake a risk &ssessmeni exercise and report on the same in iheir annual repon. the
trustees have identifled five rn&in area5 where risks may occur and considEred how ihey might mitigaie against them..
Gov¢rnance gnd mgnagement risks. The tnjstees undertake strateg5c reviews to ensure the charitable obje¢iives ar¢ met. Trustees
are off¢r¢d and tske up training. The Trust PartD¢rship provides administrative and management support.
OperatioThal rlsk$ centre upon the risk inherent in the charity's grAnt-making a¢tiYiti¢s includin8 unsuitable applications from
charities. The charity's Adtninistrators (The Trust Partnership) screen applicanis making sure the awards are in accordattce with the
charity objective5 and best practice prior to tnjstee screening and consideratiort. The Trusi Partnership operaies with Sufficient stsff
to support the charity should the primary adtninistrator be unavailable.
Financial risks include those ari5iTrg as a result of TK)or budgetary control. inappnpriate spetjding, px)or a¢¢ounting, inappropriate
investment policies. decrease in income from Hackney Joint Estates Charity and potsr itlvestmeni perfoman¢e. The ¢harity's
finances are reviewed by trustees at each tnLStee meeting and a separate trustce group undertakes a separate fLnan¢ial review
annually io consider the charity's iDvestments. Ongoing grants are reviewed by the admiiiistrator atld, in some instances. payments
are made dire¢l to service providers to ensure the intended ben¢fit is received. The annual accounts are independently reviewed.
Reputational ri5k5, in particular. p05s&ble damage to the charity'5 ￿Pu18t10n, through association wtth iinsuitable charities, or with
inappropriate activity. There are policies regaFdittg Data Protection and Confli¢t of Inter¢si as well as appropriate consideration of
the charity's activities and associations.
Extern*l and environment%tl ri$k prtmarily &s a result of the effects of governmental policies, the con5equence5 of ￿n-cOMPli8ncc
with laws and r¢gulations and ihe ¢ffect of external matters on the ¢hariry's principle asset. its inveslment portfolio. The charity
maintains effective liaison with professiot)al advisors in¢luding Th¢ Trust PartTrership and Illvestment Fund Manager.
Having assessed the major risks to which the thaTity is exposed. in particular ihose relating io its investments and its fin8n¢es. the
trustees believe that by monitoring re5¢rve leve15. by ensuring that controls exist over key fjnaneial systems, and by monitoring the
operational and bu5ln¢5s ri5k5 faced by the charity. they have established effe¢iiv¢ SyS￿M$ to mirigate ihos¢ risks.
OBJECTIVES. ACTIVITIES AND RELEVANT POLICIES
Charitgble objeetives
To pronjoie the education of persons under the age of 25 who ar¢ in need of financial assistance and are resident Lri the arta of
benefit and the relief of persons in need. hardship or di51ress within the area of b¢n¢fii which is the ￿¢le$lasticaI parish of South
Hackney as constituted in 1825. The provision of almshouse accomrnod*ion no longer applies. having been removed by the
Scheme dated 28 July 2016.
Public benefit
The charity serves the public benefii by providing grants to promote the education of young people and to relieve ha￿ShIP in the
area of th¢ ben¢fit defined as the ¢c¢l¢siastical parish of South Hackney. Grants are made to both individuals ond projects, with
decisions being made on the basis of greatest n¢ed. Exclusions to eligibility are limited to anything covered by regular stale support
or higher education grants. OrganisatiotLS and Charities making Èpplicalions must deliver the benefit Wlthin the area of the benefit. In
th¢ year ending 31 March 2024 £161,79312023.. £192 J43} of granis were distributed. Th¢ tsust¢es have had regard to the Charity
Commission's guidance on public benefit.

soirrH HACKNEY PAROCHIAL CHARITY
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDING 31 MARCH 21124
P*g¢ 4
Athitvements and performknce
The charity ￿ntInUed io fulfil its functton in a¢wrdan¢e with th¢ Obl￿tiVe set out abov¢. Due dili£ence is yerforn)ed by The Trust
Partnership and trustees oft ea¢h application. All individual applications are supported by a third party professional or s11p￿rting
gr8anisaiion.
The ¢h¥ity's objects are twofold.. to promote the ￿ucatIon of young people itl need and also tr> provide financial assistance to those
in need regardless of a8e. Twenty-three grants were awarded to those in financial need and twelve 8rant5 were awarded to young
people for educational benefit.
The charity's financial objectives have been met during the year. However. th¢ trustees are aware that there are external factor5
which could aff¢¢i the achievements of the objectives 2s a 3ignifJcanL part of the charity's assets are made up of investments and
¢ash. the results of which are dependent on the general perfomian¢e of the UK and overseas stock markets. In order io minimise
this, the truste¢5 have set prudent investment policies and place reliance on the investment managers to monitor and advise on the
necessary changes and suitable asset allocation. The trustees are satisfled with the perforniance of the investments and remain
satisfied that their investtneni objectives are being met.
PIAns for future periods
The trustees have and will continue lo r¢vi¢w the acrivities and strncture of the charity to ensure that it operates &s effjciently and
effectively as possible. The demand for grants provides an indication of the need within the area of benefit and Trustees will
continue to liolse Wlth neighbouring Paro¢hial charities with a view to delivering maximum impact for the beneficiary group.
FINANCIAL REVIEW
Investment powers and results
In accordance with the goveming do¢umenL the charity has the power to make any investment which the tn]stees deem appropriate.
Investments are htld in ihe Sara5in & Partners Endowment Fund irt line with ille other Hackney Poro¢hial Charities. For th¢ period
1st April 2023 to 31st March 2024 the yield was 11.20/0 {2023 .3.75 /0}. (benchmark 15.5¥o)- The charity does not have a specific
benchmark but aims to maintain the real value of the invtsttnent ￿rtfoliO irl the long term.
Currently the fi]nds with Sarasin and Partners LLP are invested 3.50h eash. 12.6Yo fjxed income. 74Q/o equities, 3.6*/0 in property and
6.4Yo alt¢matives.
FinantiAI summary
Totsl income for the year was £14753112023.. £221,683). Expenditure on raising funds for the year to 31" March 2024 was
£20,686131" March 2023 £20.598}. The ￿$1 of charitable aciivities was £194,706 {2023.' £223.5591.
Reserve policy
ThG tTUStccS Will maintain adeguale free tt#ewie
to meet resular ongoing grants for fiv¢ years and will exp¢ct to mè*t thes¢ gra￿ts
from income generai¢d within th¢ year they are made. The tNst¢es consider that the present levcls of free resetv¢s of £351,758
{2023..£398.861). at 31 March 2024. ate satisfactory.
The commitments and liabilities within one year were £32,810 {2023..£45,5301 &5 at 31 March 2024. The Tnjstees
considered ihai th¢ 8nticipaied income for the year ended 31 March 2024 together with the cash balance of £113,267
12023".£205.692) at 31 March 2024 were more thart sufficient to cover these commitments.

SOUTH HACKNEY PAROCHIAL CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDING 31 MARCH 2024
P4g¢ S
StAternent of tru5tees' responsibilities
The trystees are responsible for preparing the trusiees. report and account5 in accordance with applicable law atld United Kingdom
Ac¢ouniing StsDdards IUnit¢d Kingdom Generally A¢¢¢pted A￿ounting Prd¢ti¢e).
The law applicable to charittes in England and w￿eS requires the trustees to prepare accourhts for each financial yearwhich give a
true and fair view of the state of affairs of ihe charity and of the In￿Me and ¢xpenditure of the charity for that period. 151 preporing
these accounts. the trustees are required to..
Select suitable accounting w)li¢ies and then apply them consistentty.
Observe the methods and principles in Accouniing and Reporting by Charities.. Statement olRecommended Practice
appli¢abl¢ tt> ¢harifi¢S p￿parIng iheir a¢¢ounts accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS1021.'
Make judgements and t￿]Mat¢S that are rta50Thable and prudertt.
State whether appli¢abl¢ United Kingdom Accounting Standards have been followed, subject to any material departur¢s
disclosed and explained in the xcounis: and
Prepare the accounts on the goitkg concern ba515 unless it is inappropriate to presume that the ¢harity will continue in
op¢ration.
The twstees are responsible for keeping pn)p¢r accounting records that disclose with re￿Onable accuracy at any time the financial
position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity
(Account5 and Reports) Regulatiofts and the provisions of the charity's trust deed. They are also responsible for safeguarding the
assets of the chartty and henc¢ for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by..
Beverley Piper-Harris- Chair
Approved by the trust¢¢s on..
05.11.2024

soirrH HACKNEY PAROCHIAL CHARfFY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH HACKNEY PAROCHJAL CHARITY
Page 6
Inde
endent
xsminer 5 Re
ort to the Tru5tee5 of
South Hackne
Parochial Charit
Ind¢pende￿t *XAmin•Y's report to th• tru8t•¢8 of Soutk HgelKn&y PArtsthi*l Charity
I report to the chariry trustees on my examination of the accounts of South Hacknry Parochial Charity for the
year ended 31 March 2024.
Responsibilities and b￿1& of report
As the charity trnstees of the Trust you are responsible for the preparation of the accounts in accordamce with
the requiretnents of the Charities Act 2011 Cthe Act'l.
I report in respect of my examination of the Trust's 8ccounts carried out under section 145 of the Act and in
carrying out my examination I have followed all applicable Dircctions given by the Charity Co]nmission under
section 145(5Xbl of the Act.
Independent eiarniner's ststemeTht
I have cotnplded my examination. I confjrni that no material matters have come to my attention in connection
with the examiD8tion giving me cause to believe thai in any material respect..
o¢counting records were not kepi in respect of The Trust as required by section 130 of the Act. or
the accounts do noi a¢cord with those re¢ords' or
the accounts do not comply with the applicable requirements concerning the forni and content of a¢¢ounts set out
in the Charities (Account5 and Reports) R¢gulatitsns 2008 othei than any requiremcnt that the accounts give a true
and fair view which is not a Matter consider¢d as part of an independent examination.
I have no concerns atld have Come a¢n)ss no o¢her matt¢rs in wnnection with the examination to whi¢h
attention should be drawn in this report in oyder to enable a proper understanding of the accounts to be reached.
Matthew D)bbins FCA
Dunkley's
WoodlaDd5 Grange
Woodlands LaDe
Bradley Stoke
Bristol
BS32 4JY
Date..
1511112024

SOUTH HACKNEY PAROCHIAL CHARITY
srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2024
Pig¢ 7
31.3.24
Total
fund5
31.3.23
Toial
Futlds
Unrestricted Endowment
funds
fund5
Noies
INCOME
Income from
Investments
147.531
147,531
146,683
Donations
Total inwme
147.531
147.531
221,683
EXPENDITURE
Costs of r*lsiThg funds,
Investment mAn9ger fees
20,686
20,686
20,598
Charitable activities
Charitable Activiii¢s
516
194.706
194,706 223.559
Rtalised and Unrealised {GainsllLosses
on investment a5set5
172) (334,157) {334,229}
292,109
Totil expenditsrt
194,634
1313,471) (118.837)
Net {losy) l intornt
(47.103)
313,471
266,368 (314,583)
RECONCILIATION OF FUNDS
Total fun(ts brought forward
398.861
3,996,352 4,395,213 4.709,796
TOTAL FUNDS CARRIED
FORWARD
351758
4 309.823 4,661,581 4,395,213
The nol¢s on pages I 110 18 form part of these fin3nciai siaiemen15

SOUTH HACKNEY PAROCHIAL CHARITY
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2023
Page 8
31.3.23
Total
funds
Unrestricted Endowment
funds
fund5
Notes
INCOME
Income frnm
Investments
146.683
146,683
Donations
75,000
75.000
Total income
221,683
221,683
EXPENDITURE
Costs of rlising funds.
Investment mgnxger fees
20.598
20.598
ChAritAble activities
Charitable Activities
516
223,559
223,559
Realised aThd Unrealised (Gains)
on investn)ent assets
291,9)4
292,109
Tot&1 expenditure
223,674
312,592
536,266
Net (loss) / income
11,9911 (3l2.592) (314.5831
RECONCILJATION OF FUNDS
Tot#1 fllnd5 brought forwlrd
400,852
4.308,944 4,709,796
TOTAL FUNDS CARRIED
FORWARD
398,861
3,996,352 4,395,213

SOUTH HACKNEY PAROCHIAL CHARITY
BALANCE SHEET AS AT 31 MARCH 2024
Pttge 9
31.03.24
31.03.23
Total
Funds
UJiir)tsi¥lrJ EiJdvwJJieilt
furtds
funds
funds
Notes
FIXED ASSETS
Inv¢stsn¢nts
257.587
4,315,129
4,571716
4,221,717
CURREIYT ASSETS
Cash at bank
113,267
113.267
205.692
Debtots
10
8.408
8,408
13,334
121,675
121.675
219,026
CPF.DITnllS
Amounts falling due withitl one
year
{27.504)
{5,3061
(32,810)
(45.5301
NET CURREf4T
ASSETSILIABILITIES
94,171
{5,3061
88,865
173,496
NET ASSETS
351758
4.309.823
4661,581
4 395 213
FUNDS
12
Unrestricted futlds
351,758
351,758
398.861
Endowm¢nt fut)ds
4.309.823
4.309.823
3 996 352
TOTAL FUNDS
351,758
4 309.823
4.661.581
4,395,213
The financial statements were apptoved by the Board of Th15tees on
were signed ort its behalf by..
05.11.2024
and
B¢verl¢y Piper-Harris- Chatr
The Reverend Andrew Wilstsn-Trustee
The note5 on pa8Bs I I to 18 fottn part of these financial stat¢m¢nts.

SOUTH HACKNEY PAROCHIAL CHARITY
COMPARATIVE BALANCE SHEET AS AT 31 MARCH 2023
P*ge 10
31.03.23
iotal
fund5
Unrestricted Endowmeni
funds
funds
Not¢s
FIXED ASSETS
Investments
220,289
4,001,428
4,221,717
CURRENT ASSETS
C&5h * bank
205.692
205,692
Debtors
10
13,334
13,334
219.026
219,026
CRCDITORS
Amounts falling due within one
year
140,454)
15.0761
{45.530)
ETCURRENT
ASSETSILIABILITIES
178.572
(5.0761
173,496
iYKT A&SETS
398,861
3,996,352
4.395 213
FUNDS
12
Unrestricted funds
398.861
398,861
Etldowment funds
3,996,352
3.996.352
TOTAL Fuf4DS
398.861
3.996,352
4.395.213

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDING 31 MARCH 1024
P•g¢ll
i)
Poli
The principal accounting p)li¢ie5 adopted. judgements and key sources of estimation un¢ertainty tn the preparation of th¢ &¢counts
are laid out below.
Basis of prep#ration
These fjnancial statetnents have been prepared for the year ending 31 March 2024.
The finan¢ial ststements have been prepared under the hisiori¢al cost Convention with items recognised at cost or transaction value
unless oih¢rwise stat¢d in the relevani accounting policies below or th¢ notes to these financial statements.
Th¢ arcounl$ hav¢ b¢vn PTepar¥d in a¢wrdanG¢ wrth A¢GourJliDg ond R¢porting by Chariti¢s.' Siatejnent of R¢comJnended Pra¢Li¢¢
applicable to ¢harities preparing their accounis in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS102) {Charities SORP FRS 102} issued on 16 July 2014, Upd*e Bull¢tin l issued on 2 FebNary 2016 and
Bullethn 2 issued October 2019. the Financial Reporting Standard applicable in the UK and Repub5i¢ of Ireland (FRS5021 and the
Charitie5 Act 2011. The date of transition to the Charities SORP 102 was l January 2019.
Th¢ charity constitutes a public benefit entity a5 defined by FRS 102.
The tinancla15TaitmeTEt5 are ptrscn(¢d In 5t¢rllng and are round¢d to rh¢ U¢OTrs1 puund.
Critical accounting estimates artd *rea$ of judgement
Preparation of the fJThancaal statement5 requires the trustees to make significant judgements and estimates.
The trustees do not consÉder that there are any sources of estimation unccrtainty or any key judgements made in the preparation of
the financial statemeftts,
Assessment of golng toneern
The trustees have a5s¢ssed whether the use of the going ¢on¢¢m assumption 1$ appropriate in preparing these financial statem¢nts.
The trustees have mAde this assessmeni in respe¢t to a period of on¢ year from the date of approval of these financial statements.
The trustees of the charity have concluded that there att material un¢¢rtaiories r¢lated to events or conditions that may cast
signifJ¢ant doubt on the ability of the charity to continue a5 2 going concern. Given ihe additional challenges of Covid-19 and the
Cost of Living crisis in 2023, the trustees are of (he opitjion that the charity will have sufficient resource5 to meet its liabilities as
they fall due. Tht most sigt]ificant areas of judgemen¢ that affe¢1 items in the accounts are detailed above. With regards lo the n¢xt
counting period, the year ending 31 March 2024. Ihe most significant Areas that affect the Carrying v￿u¢ of the assets held by the
charity are the lev¢1 of investment return and the performance of the investment ]narkets (see the investment policy and risk
tnana8etnent sections of the trusiees. report tor more infomiationl.
iv)
Income recognition
Income is rec(Tr8nised in Ihe period in whith the charity has eniiiiement io tb¢ Income, the amount of income can be tneasured
reliably and li is probable that the income will be received.
Income is deferred only when the 8roup or ¢harity has to fulfjl conditions before becoming entitled to it or wher¢ the (k>nor h&5
5peeifi¢d that the income is to be expended in a future accounting peri¢)d.
Income comprises donatjODS, investment tncome and interest receivable.

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
Page 12
Donaiions are recognised when the ¢haTity has confirmation of both the atnount and settletnent date. In the event of donations
pledged bui not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subje¢(
to conditions that require a level of p¢rformance before the charity is entitled to the funds, the income is d¢ferred and not recognised
until either those conditions are fully mei, or the fulfilment of ihose conditions is wholly within the control of the chaxity a[￿ it 15
probable that rhoge conditinns will bp. fiilfillpd in thp TPPrtrtin8 PPTir
Dividends are re¢ogni5ed once the dividerhd has been declared and notification has been r￿e1Ved of the dividend due.
Interest on funds held on deFQSit 15 included when the receivable and the amouTht can be m¢asur¢d reliably by the charity., this is
nornially upon notification of the interest paid or payable by th¢ bank.
Expenditure recognitio
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation comrnitting the group or charity to
make a payment to a third party, it l5 probable that a transfer of economic benefits will be rquired in Settlement and the amount of
the obligation Can be measured reliably.
All ¢xp¢nditure is accounted for on an a¢cTuals basis and include5 attributable VAT which cannot be recovered. Expenditure
comprises direct costs and support costs. All expenses, including support Costs. ale allocated to the applicable expenditure heading.
Expenditure on GhthTitsbl• g¢tivitios Compri￿$ srgllts p&ythl• and pYop•rty m8int•n•n¢• ¢osts.
Grants payable are included itt the statement of finwcial a¢tivities when approved and when the iniended recipient has either
received the funds or been infortned of the decision to make the grant ha5 satisfied all related conditions.
vi)
Allocation of $upport and governance costs
Supp)rt costs r¢present indirect charitable expendiiure. In order to carry out the primary purposes of the charity it is necessary to
provide support it) the form of financia] and govemance procedure5. provision of offlce services and cquipment and a suitable
working ¢nvironmenL
Governanc¢ Costs ¢omprise all costs relating to the public accountability of the charity and it5 compliance with regulation and good
practlce. These costs include costs relating to the independent examination of the financial statements and l¢gal fees.
Support C05t5 and governance cost5 are allocated to thc charity's single charitable activity.
Investrnents
Listed investments are a fom) of basi¢ finan¢ial instTum¢n¢ and ar¢ initially Tecognised at iheir transaction valuation and
subsequently mea5UTed at their foir valu¢ as the balan¢¢ sheet date usin8 the ¢losing quoted market price.
The charity does not aequire put options, derivatives or other complex rJnanci￿ instruments.
As notcd above the main fom of financial risk faced by the Charity is that of volatility in equity markeis and investment market5 due
io wider ¢conomic conditions. the attitude of investors top investment risk. and changes in sentiment concernin8 equities and within
parti¥ulJT ¥¥LLvf¥ bub br¥lvi>.
Realised gains (or1055e51 on inwestmettt assets are ¢alculat¢d as the diffrr¢n¢e betw¢¢n d2sposaJ proceeds and their opening canying
value or iheir pur¢hase value is acquired subsequeni io the first day of the financial year. Unrealised gains atjd losses 74re calculated
as the difference beNeen the faEr value at the year end and their carrying value at that date. Realised and unre&lised investmenr
gain5 (or105sesl are combined in the statement of financial activittes and are credited lor debited) in the year in which ihey arise.
Other investments are included ai COSL which is considered to be approximate to thetr tnaTkei value.

soirrH HACKNEY PAROCHIAL CHARrrY
NOTES TO THE Fif4ANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
P9gt 13
D¢btors
D¢btOT5 at¢ re¢ognised at their settletnent amount,1¢s5 any provision for non-re¢ov¢r3bility, Pr¢payments are valued ai the amount
pr¢paid. They have been discounted to the present value of the future cash receipt where such discounting is materia].
Cash at bank *Dd hand
Cash at bank and in hand represent5 such accounts and instruments that are available on demand or have & maturity of less than
thr¢¢ months from the date of acquisition.
Credltors Ind provlslons
Creditors and provisions are recognised when there is an obligation at the balance Sheet date 35 a result of a past event. it IS Probable
that & Iransfer of economi¢ benefit will be required in settlement, and the amount of the settlement cati be estimated reliably.
Creditors and provisiofts are re¢ognised at the amount the charity anti¢ipat¢s it will pay to s¢ttl¢ the debt. They have been discounted
to the present value of the future c￿h payment where such discountin8 is rnat¢rial.
Fund &ceounting
Restricted funds are moni¢s raised for, and th¢ir us¢ r¢strieted to, a specific purpose, or donations subject to donor imposed
coThditjtsll5.
Unrestricted fut5ds represent those monies that are freely available for application towards achi¢ving any ¢haritsbl¢ purpose thai fall
within the charity's charitable object5.
ststem¢Dt of ¢osh flo
The financial siatements do noi in¢lude a 5tat¢men¢ of cash flows because the chority is excmpt from the requirement lo prepar¢
sueh a statement under the Chariiies SORP FRS 102 Updat¢ Bulletiti l and 2.

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE VEAR ENDING 31 MARCH 2024
Pige 14
IDvesthient Ineome
12 Months
31.03.24
12 Months
31.Oi.23
Dividends received
Itlvestment Interest
146.353
146.221
462
147 531
146 683
Donations
3 1.03.24
31.03.23
tk)nation from Hackney Joint Estate Charity
75.000
Expenditur¢ on rgising funds
31.03.24
31.03.23
Investment Manager Fee5
20,686
CharfitAble Activities
31.03.24
31.03.23
Grants awarded in period, see page 15
161,793
192,543
192.543

SOUTH HACKNEV PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDING 31 MARCH 2024
P4g¢ IS
5. CharitaNe Aetivltles (¢ontinupd)
12 MonTh%
31.03.2024
12 MOJ
31.03.2023
Grants awarded during the period..
At)na Fiorentini Arts S¢ib)ol
Apollo Musi¢ Projects
African comts￿￿llty S¢lk)ol
Ba85 of T&ste
Ckni¢c In Ha¢kney
Connecting COMM￿ltieS
East End Citizens Advice Bureau
East EtKi CAB Welfare & Debt Caseworker
Frampton Park Baptist ChLrch
Gas¢oyne & Morningsid¢ Youth Club L
Harkney City Farm
Hackney Doorways
Hackney mi￿aryt Cetkn
Ha¢kn¢y Playbus
Ha¢kney Quest
5,000
3,000
5,000
10,000
5.000
9.113
7,136
5,000
45.000
22.000
12,(rf)O
5.000
12.000
20.000
4,000
6,386
20,(K)O
6.000
12.000
L)Vii
L£8al Advice Centre- Special Support Project
Odd Eyes Theatre
Pretnises Music Education
Rich Mix Cultural Foundation
13.000
2,099
12,00
1,250
1.678
10,460
15,260
5,000
2.000
8.000
St Andrews Yoth Developments
St Andrews Youth DevelOp￿nts- Camps
St Mary of Eton Hackney Wick
St John of Jerusalcm
St. Joseph's Hospice
Shepherdfold Ministry
The P¢opl¢'s R¢¢overy Project
The Yard Theatre
Toshiba TEC UK
9.640
2,000
8.000
5.000
6,000
1,026
5.000
.017
Urriversal Board GanK5
Woman's Trust
10,873
Wyatt Sinfonia
XLP in Ha¢kn*y
Other {tndividual GraT￿ wjder £2.0001
5,000
8.000
1,514
192,543
4,350
161.793

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO TIIE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
Page 16
Support eosts
31.03.24
31.03.23
Professional Fees and AdministratioTh
Accountancy and book-keeping
Independent examination
Sundry Costs
2g.2Q4
1,800
1.360
1.459
26.660
1,800
1,140
416
Stsff costs and key man¥gernent personnel
The ¢harity employed no members of staff during the period. The adtninistration atld fjnancial
management of thc of the charity is outsourced to The Tn]5t Partnership.
Tru$tet'5 remuneration and benefits
The trustees consider that they tomprise the key management of the charity in charge of directing and
tontrolling. Tl?nning AnA npprAting thp rhArity nn A dAy fn ￿￿Y hAqi% Thp tniq*￿E rpppiv•A nn rpmiingrAtinn
or other b¢nefJts In ¢onD¢¢tion with their duties for lh¢ year ended 31 Mar¢h 2024 nor for the year ¢tJded
31 March 2023.
Trustees, Expen5e5
There wete no tyuste¢s' expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Fixed A58et Investments
Listed
investmenis
Market Value
At l April 2023
Disposals
4,221,717
Additions
lievaluations
16,380
334,229
Net R¢valuaiions
Interest
350.609
390
At 31 March 2024
4572 716
Net Book Value
At 31 March 2024
4.572.716
Al 31 March 2023
4,221.717
Inveshnents are held primarily for investment return.
Itlvestments were transferred from the Endowments Fund to the Climate Active Fund fTom 2. July 2021.

SOUTH HACKNEY PAROCHIAL CHARITY
r40TES TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDING 31 MARCH 2024
Pigt 17
io.
Debtors:
31.03.24
31.03.23
Investment Income Iunresiricted)
8,408
13.334
Ji.
Credit•rs:
31.03.24
31.03.23
Other creditors (Unrestricted)
Accruals- expens¢5 IUnTestrict¢d)
Accruals- expenses (Restricted)
Accruals- grants {Unrestri¢iedl
9,404
3,100
5,306
7,454
3,000
5.076
30.000
32,810
45,530
12.
Movement in funds
Net movemenr
in fund5
At 01.04.23
At 31.03.24
Unres¢ricled funds
G¢neral fund
398,861
(47,1031
351,758
Endowrnent fund5
Endowment fund
3,996,352
313,471
4,309,823
Total Funds
4 395 213
266.368
4 661581
Net movement in funds. included in ihe above are as follows".
In￿me
Exp¢nditure
G4Lill5 And Movement in
losses
fvnds
Unrestricted funds
General flmd
147.531
1194,7061
(47.103)
EndowmeDt fuDds
EndowmeTht fund
120.6861
334,157
313,471
TotAI Funds
147531
215 3921
266 368

SOUTH HACKNEY PAROCHIAL CHARrrY
iYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
PAge 18
12.
Mowement in fund$ {¢ontinu¢d)
Analysis of Net Assets between Funds 2024
Fixed
Assets
Net
Assets
Totsl
Unre5tri¢ted fund5
Genera] fund
257,587
94.171
351,758
doivment funds
Endowment fund
4,315,129
{5.3061
4.309,823
Total Funds
4,572,716
88.865
4.661,581
ARaly5is of Net Assets between Fund5 2023
Fixe
Assets
Net
Assets
Total
Unrtstrirted funds
General fund
220,289
178,572
398,861
Endowment funds
Endowment fund
4.001,428
{5,076)
3,996.352
Tot81 Funds
4221717
4.395 213
13.
Related PArty Disclosures
Connected Charities
Hackney Joint Estate Charity hold and manage ihe assets of the gifts of ihe Hackney people to their fellow
P2ri8hioners. The income from these assets is distributed to the three parochial charities in ihe Borough
of Ha¢kney', South Hackney Parochial CharitL¢5. HacktL¢y P¥m¢hial Charities, including Hackney District
Nursing Association and Wcst Hackney Parochial Charity. The r¢gistered address for 148ckJJey Joint
Estate Charity is 6 Trull Fami Buildings, Tetbury, Gloucesiershire, GL8 8SQ.
No donatiOD received this year from Hackney Joint Estate Charity 12023.. £75,000). The HJEC
constitutLOII sIAies that SHPC is to receive a quarter of funds available for distribuiion by the Charity Wlth
Ihe remainsng funds distributed between Hackney P8foGhial Charities (half) and West Hackney Parochial
Charities Iqllarterl. There was no distribution in 2024 due to a lack of surplus funds within HJEC, due to
some building works commitments.
Control
The ¢hari¢y is controlled by its board of Tn15tees.
Is.
Commitmenti
Pledges of sUPPOrt.
Forward grant commitments aTe accrued in fijll and recognised as they are awarded.