Charity Registration No: 212336
South HackDey P*rnchi*l Charlty
Report and Fin8nci&I Stgtements
Yegr ending 31 MHrth 2025

SOUTH HACKNEY PAROCHIAL CHARITY
INDEX TO THE FINANCIAL STATEMENTS
Page
Reference & Admi￿1$t￿Jtl¥e Information
Trustees, Annual Report
Independent Examiner's Report
Statetnert¢ of Financial Activities
Balance Sheet
Notes to the Financial Statements

SOUTH HACKNEY PAROCHIAL CHARITY
REFERENCE AND ADMINisfRATIVE INFORMATION
Trustees:
Chair:
Beverley Piper-Harris Ch￿r
Joannie Andrews rell￿d 4th February 2025
Datoru Ben Paul-worika
The Reverend Andi¢w Wilson
John De La Cruz
Dr Rtsger Makanjuola
Valeri¢ Harding
Katie Hanson
Lisa-Raine Hunt
Councillor Joseph Ogundemuren retired 5th March 2025
Councillor Gilbert Sfflyth appointed 141h May 2025
Councillor Jasmine Martins appx)inted 14 May 2025
Administrators:
The Twst Partnership
6 Trull Fam Buildtngs
Tetbury
Glouceslerthire
GL8 8SQ
Independent Examlntr..
Dunkley's. Chanered Accountants & Statutt>ry Auditors
Woodlands Grange. Woodlands Lane
Bradley Stoke
Bristol. B32 4JY
Bankers:
HSBC
91 High Street
Brentwood. Ess¢x,
SM144RU
Investment Advisors:
Sarasin and Partners LLP
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU

SOUTH HACKNEY PAROCHIAL CHARJTY
TRusfEES' ANNUAL REPORT FOR THE YEAR EYDING 31 MARCH 2025
Page 2
The financial statements have been prepared in accordance with the xcounting policies set out on page5 1 I to 18 of the attached
accounts and comply with the charity's trust deed, the Charities Act 2011, regulatioiis appli¢able to that Act, and Accounting and
Reporting by Charities.. Statement of Recommetjded Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS1021. eff¢ctive from accounting periods
mmencing l January 2019 or later.
STRUCTURE. GOVERNANCE AND MANAGEMENT
CoD$titMtion
The charity is regulaied by a Scheme dated 2 August 2010 as amended by the Scheme dated 28 July 2016.
Trustees
The charity curr¢ntly ha5 tight trustees_ The Scheme provides for up to ien trustees. The Board of ITUStees is fflade up of two ex-
offi¢io Iiusleeg, the Rector and Church Wal'den of the Ecclesiastital Parish of South Hacknty. two notninaied trustees, appointed by
the London Bowugh of Hackney and up to five co-opted trustees.
On agreetng lo becoffte a trustee of the rharity. new trustees are thoroughly briefed by their co-trustee5 on the history of the Trust,
the day-to-day Inanagement, the responsibilities of the trustees. the current objectives aTrd future plans. The trustees are aLso
encouraged to aitend arÉy courses which they f¢el are relevant to the develop]nent of their role, and to keep up-to-date on any
Changes in legislation.
Structure management reportiThg
The tn25tees are ultimately responsible for the policies, activities and assets of the ¢harity. They Jneet four times a year to carry out
charitable aeiivities and 10 make governan¢e and operational d¢cisions. They review the investment criteria and ihe asset alloGalion
annually. When necessary. Ihe truste¢s seek advice and support from The charity's professional adviseTS includir)g invesm]eni
manageT5. 501tcitors and accountants. The Ttust Partnership is responsible for the day-to day management of th¢ charity's aetLVlties
and the implementation of policies with responsibility for maintaining aeeouniing words.
Sara5in and Partners LLP are the charEty'5 investment advisers. Their brief is to advts¢. build and manage an investment w)rtfolio on
a discr¢ttonary basi5. At their meeting5. the trustees review the performance of iRvestment5', the investment manag¢rs update the
tTUStees in d¢iail on the portfolio at regular intervals and uwn request. An investmeni Teview meering was held in September 2023.
Key minagement personnel
The Irustees consider that they comprise the key management of ihe charity in char8e of directing and controlling, runnin8 and
gperating the ¢harÈty on & day-to-day ba5j5. The irustees receive no remufteratioR.

SOUTH HACKNEY PAROCHIAL CHARrry
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDING 31 hlARCH 2025
Pllge 3
STRUCTURE, GOVERNANCE AND MANAGEMENT {¢outinu¢d)
Rlsk managem¢Dt
In lin¢ with the r¢quirement for trustees to undertake a risk a5se5StrJ¢nt exer¢ise ond r¢port on the same in their annual rcport, the
trustees have identified fiv¢ main ar¢as where risk5 may occur athd Considered how they might mitigate against them..
Governance and management risks. The tTust¢es undertake 5trdte8ic reviews to ensure ibe charitable objectives are met. Trnstees
are offered and rake up training. The Trnst Partnership provides adminiStr￿1Ve and management support.
Operadonal risks centr¢ upon Éh¢ risk ittherent in the ch*rity'S grant-making a¢tiviiies in¢ludin8 unsuitable applrcations from
chaTjties. The ¢hariry'S admirtistrators (The Trust Partnership) screen appli¢artts making sutt th¢ awards are in accordance with the
chaTity objectives and best pra¢(i¢¢ prior to trustee screenin8 and consideration. The Ttusi Partnership operates with sufficient Staff
to 5UPPOrt the Chariry should ihe primary administrator be unavailable.
Financl#l risks include those arisiDg as a result of poor budgetary control. inappropriate spending, poor accounting, inappropriate
investtnent policies. dttiease in income from Haekney Joint Estates Charity and potsr inves¢ment p¢rfonnance. The charity's
finances are reviewed by irust¢es at each twstee meeting and a separate trustee group undertakes a separate financial review
anniially to consider the Charity's investments. Ongoing grants arc reviewed by the administrator and, in some instances, paymenis
are made direct to service providers to ensure the intended benefit is received. Th¢ annual a¢¢ouDt$ are independently reviewed.
Reputational risks, in particular, possible damage to the charity's reputation, through association with unsuitable Charities. or with
inappropriate a¢tivity. There are policies r¢gardin8 Data Protection and Conflict Of Ltlteresi as well as appropriate consideration of
the charity'5 activities and associations.
External and envlronmental rlsk primarily as a r¢sult of the effects of goveinmental wli¢ies, the consequences of non-complianee
with law5 and r¢gulalioDs and the ¢ff¢¢t of external matter5 on th¢ charity's prin¢ipl¢ asset. tis investment portfolio. The charity
maintains effective liai50ti with professional advisors in¢luding The Trust Partnership and Investment Fund Manager.
Having assessed the major risks to which the chariry is exw)s¢d, in particular those relating to its investments and it5 finances, the
Irustees believe that by monitoring re5¢rve levels. by ensuring that controls exist over key financial sysiems, and by monitoring the
operational and business risks faced by the Charity, they have established effective systems to tnitigate those risks.
OWECTIVES, ACTIVITIES AND RELEVANT POLICIES
Charitable obj¢ctive$
To promote the education of persons under the age of 25 who are in need of financial assistance and are re5idertt in the area of
benefit and the relief of persons in need, hardship or di5tres5 Wlthirt the area of b¢n¢fit which is the ecclesiastical parish of South
Hackney as constituted in 1825. The provision of almshouse accommodation no lot)ger applies, havin8 been retnoved by the
Scheme dated 28 July 2016.
Publie b¢n¢fit
The Charity selves the public benefit by providing grant$ io promote the education of young people and to relt¢v¢ hardship in the
area of the benefit defined as the ecclesiastical parish of South Hackney. Grants are made to both individuals and projects. with
decisions being made on the b&sis of greatest need. Exclu510n5 to eligibility are limited to anything covered by regular State 5UPPQrt
or high¢r ¢ducation grants. OrgAnisaiions and ¢hariti¢s makin8 applications must deliver lh¢ b¢n¢fit within the areaof the benefit. In

th¢ year ending 31 March 2025 £136.119 {2024.. £161,793) of grants were distributd. The trustees have had regard to the Charity
Comtnissioll's 8uidanc¢ on public benefit.
SOUTH HACKNEY VAROCHIAL CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDING JI MARCH 2025
Page4
Aehievemenis *nd performan¢¢
The charity continued to fulfjl its fun¢iion in accordan¢¢ with the objective set out above. Due diligence is perfomied by The Trust
Partnership and tiustee$ on each applicatiot). All individual applications are supported by a third party professional or supporting
organisation.
The charity's objects are wofold.. lo promote the education of young people in need and a150 to provide financial assistance to those
in nttd regardless of age. Fourteen grants were awarded to those in financial nced and ninc grants weTe awarded to young people
for ¢du¢ational benefit.
The ¢harity's financial objectives have been met during the year. However, the ttustees are awzre that therc are external factor5
whiGh could atfe¢r the achievemenis of the objectives as a signiflcant pai1 of th¢ ¢hariry's assets are made up of Invesiments and
Cash, the results of which arc dependent on the general p¢rformance of the UK and overseas stock m8rkets. In order to minimise
this, the trustees have set prudent investment policies and place reliance on the investment managers lo moniior and advise on the
necessary chanue5 3nd suiiable asset allo¢aiion. The trustees arc satisfied with the perfotmance of the investments and remain
satisfied that th¢ir investrnent objectives are bein¥ met.
Plans for future ptriods
The trusree5 have and will continu¢ to review the activities ODd strllcture of thc charity to cn5ure that it operates as effjcienily and
effectively 85 possable. The demand for gratlts provides an indication of the nttd within the area of benefit and Trustees will
contknue io liaise with rteighknuring Parochial charities with a view io delivering maximum impact for the beneficiary group.
FINANCIAL REVIEW
Investment power$ and results
In a¢¢ordan¢¢ with the 8ov¢rning document, the charity h&s the power to make any tÈ)vesiment which the twstees deem appropriate.
Investtnents aTe held in the Sardsin & Partners Endowmcnt Fund in lille with the oiher Ha¢kney Parochial Charities. For the period
1st April 2024 to 3 1st March 2025 the yield was 3.5°h (2024 11.20/0}, {benchrnark 4.9/.1. The ¢haTity does not have a spe¢ifi¢
benchmark but aitn5 to maillt￿n the real value of the inv¢stment portfolio in the long term.
Currently the fvnds with Sarasin and Partners LLP are invested 7.8Vo cash, 9.7Wo flxed income, 69.2Yo equities. 3.6Vo in property and
9.7% altematives.
Flnanclal summary
Tothl income for ihe year was £151.10312024.. £147,53 1}. Expenditure on rak5ing fuDds for th¢ year lo 31" MaT¢h 2025 was
£22,3601314 March 2024 £20.686). The cosi of Charitable activities was £170.858 (2024". £194,706).
Reserve poltcy
The tTusiees will maintain adequaie free reserves to meet regular ongoing grants for five years and will expect to meet these grants
from income generated within the year they are made. The trustees Consider ihai the pr¢s¢nt l¢vels of fr¢e resetves of £332.100
{2024..£351,758). at 31 March 2025, are saiisfactory.

Th¢ commitments and liabilities within one year were £26.649 (2024..£32,8101 as at 31 Nlarch 2025. The Trustees
considered that the anticipated income for the year ended 31 March 2025 iogether with th¢ balance of £51.631
(2024..£113267) at 31 March 2025 were more than sufficient to cover th¢s¢ commitments.
SOUTH HACKT4EY PAROCHIAL CHARrrY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDING 31 MARCH 2025
Page 5
St#ternent oft￿￿tees. responsibilities
The trustees are responsible for preparing the trustees, report and accounts in a¢¢oidan¢e wilh appli¢able law and United Kingdom
Accounting Standards IUnit¢d Kingdom Generally Accepted Accounting Practi¢el.
Thc law applicabl¢ to charities in England and Wales requires the trustee5 to prepare accounts for e8¢h finan¢ial year which giv¢ a
true and fair vi¢w of the state of affairs of the ¢harily and of the income atld cxpenditure of the ¢harity for that pertod. In preparing
these accounts, the trustees or¢ required to..
Select suitable accounting policies and ihen apply ih¢m ¢onsist¢ntly-
Observe the ￿ethodS and principles in Accounting and Rew)rting by Charities.. Statement of Recommended Practice
applicable to charities preparing their account5 in a¢¢ordan¢¢ with th¢ Financid Reporting Standard applicable in the UK
and Republic of Ireland IFRS102)'
Makejudgements and estimates that are reasonable and prudeni.
Slate wh¢ther applicable Unit¢d Kingdom Acco￿￿ting Statldards have be¢n followed, subject to any material departure5
dis¢lo$ed and explained iTh the account5. and
Prepare th¢ accounts on the going ¢onc¢rn basis unless it j5 inappropriate to presume that the charity will continue in
operation.
The trustees are resp)nsible for keeping proper ac¢ounting reeords ihat di5c105e with reasonable a￿v￿Y at any time th¢ fiDan¢ial
position of the charity 2tLd enable them to ensure that ¢he a¢counrs ¢omply with the Charitie5 Act 2011, appli¢able Charity
IA¢counts and Reports) Regulations and the provisions of the charity's trn5t deed. They are also responsible for safeguarding ihe
asseis of the charity and hence for taking reasonable sieps Eor the prevention and detection of fraud and oth¢r irT¢gulatitie5.
Approved by the irusie¢s and sign¢d on their behalf by..
Beyerley Piper-Harris- Chair
Approved by the trusie¢s on..

SOUTH HACKNI EY PAROCHIAL CHARITY
INDEPENDENT EK4MINER'S REPORT TO THE TRUSTEES OF SOUTH HACKNEY PAROCHIAL CHARITY
Page 6
Inde
endent Exgmin¢r's Re
rt to the Trustee5 or
South Haekne
Parochial Charit
Independent examiner's report to the tru$tees (pf South Hitkney Panxhial Charity
I r¢porl to the charity tiustees on my examination of the accounts of South Hackney ParoGhial Charity for the
year ended 31 March 2025.
Responstbilities #tsd b#sis of report
As the chariry trustee5 of the Trust you are responsible for the preparation of the accounis in a¢¢ordan¢e with
the requir¢ments of the Charities A¢1 2011 {'Ihe Act'l.
I report Iti re5peci of my examination of the Trust's accounts ¢arriEd out under section 145 of the A¢1 and In
canying out my examination I have followed all applicable Direction5 given by the Charity Comtnission under
section 14515llb} of th¢ A¢1.
Independent ty&miner's statement
I have completed my examination. I confirm that no rnaierial ma¢iers hav¢ ¢ome to my attention in conne¢rion
with the examination giving me cause to belicve thai in any material respect..
accounting records were not kep¢ in respect of the Trusi as required by section 130 of the Act., or
the aceounts do not aecord with those records: or
the accounts do rtot comply with the applicable requirements conceming the fonn and content of account5 Set out
in the Charities IA¢counts and Reports} Regulation5 2008 other than any Tequirem¢nt thai ihe accounts give a true
and fair view whi¢h is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in conneciion wilh ihe examinaiion to which
attention should be drawn in this report in orderto enable a properundersianding of the ac¢ovnrs io be reached.
Matthew Dobbins FCA
Dunkley's
Woodlands Grange
Woodlands Laii¢
Bradley Stoke
BTlStol
BS32 4JY

SOUTH HACKI4EY PAROCHIAL CHARITV
STATEMENT OF FXNAIYCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2025
Pagt 7
31.3.25
Total
fund5
31.3.24
Total
Funds
Unrestricted Endowment
funds
funds
Notes
IIYCOME
Income from
Investments
151,103
151.103
147.531
Total income
151.103
151,103
147.531
EXPENDITURE
Co$ts of raising funds,
Investm¢nt Dlgnager fees
22,360
22,360
20,686
Charit#ble aetlvities
Chariiable Activities
415
170,858
170,858
194,706
Realised and Unreali5ed (Gains)
on investment assets
(97)
{32,584) (32,681) 1334.2291
Tot#1 expenditure
170.761
(10.224)
160,537 (118,837)
N¢t (loss) l income
(19,658)
10.224
19.434)
266.368
RECONCILJATION OF FUNDS
Tot•1 funds brought forward
351,758
4,309,823 4,661,581 4,395,213
TOTAL FUNDS CARRIED
FORWARD
332,100
4.320,047 4,652,147 4,661,581
The rtores on pages 1110 19 (ornj part of these financial stai¢menls

SOUTH HACKNEY PAROCHIAL CHARITY
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2024
Pigt 8
31.3.24
Total
funds
U￿restricted Endowment
funds
funds
Notes
INCOME
Incojne from
Investments
147,53 1
147,531
Donations
Total income
147,531
147,531
EXPENDITURE
Costs of raising funds,
Investment m#n#ger fees
20,686
20,686
Charitible Activitie5
Charitable ActivitL¢S
516
194.706
194,706
Realised and Unrealised {Gains}
on invesrment assets
1721 1334,1571 (334,229)
Total expenditure
194,634
1313,4711 (118,837)
Net Ilossl l income
147.103)
313.471
266.368
RECONCILIATIOP4 OF FUNDS
Total funds brollght forward
398.861
3,996,352 4.395,213
TOTAL FUNDS CARRIED
FORWARD
351,758
4,3Q9.823 4.661581

SOUTH HACKNEY PAROCHIAL CHARTTY
BALANCE SHEET AS AT 31 MARCH 2025
P4ge 9
31.03.25
Total
funds
31.03.24
Total
Funds
Unrestricted Endowment
fund5
fund5
Notes
FIXED ASSETS
Inv¢stments
286.170
4.325.694
4,611,864
4.572,716
CURRENT ASSETS
Cash ai bank
51.631
51.631
113.267
Debiors
15,301
15,301
8,408
66,932
66,932
121,675
CREDITORS
Amounts falling due within one
year
io
(21,002)
(5.647)
126,649)
{32,8101
NET CURRENT
ASSETSILIABILITIES
45,930
{5.6471
40.283
88,865
NET ASSETS
332,100
4 320 047
4 652,147
4 661581
FUNDS
Unrestricted funds
332.100
332,100
351,758
Endowment funds
4 320 047
4 320.047
4.309 823
TOTAL FUNDS
332.100
4.320,047
4,652,147
4661 $81
The financial 5tatement5 were approved by ihe Boardof Trustees on
were signed on its behalf by..
Beverley Piper-Harris- Chair
Th¢ Reverend Andrew Wilson-Tru5tee
The t￿te5 on P￿¢$ 1110 19 form pan of these financial 5taiements.

SOUTH HACKNEY PAROCHIAL CHARJTY
COMPARATIVE BALANCE SHEET AS AT 31 MARCH 2024
Page IO
31.03.24
Total
funds
UnresirJ¢ted Endowment
funds
funds
Noies
FIXED ASSETS
Investments
257.587
4,315,129
4,572.716
CURRENT ASSETS
Cash at bank
113.267
113,267
Debtor5
10
8,408
8,408
121.675
121,675
CREDITORS
Amounts falling due within one
year
{27.5041
(5,3061
132,810}
NET CURRENT
ASSETSILIABILITIES
94,171
(5.3061
88,865
NET ASSETS
351,758
4.31>9.823
4 661,581
FUNDS
12
Unrestricted funds
351,758
J51.758
Endowment funds
4 309,823
4,309,823
TOTAL FUNDS
351.758
4,309.823
4.661.S81

SOUTH HACKNEY PAROCHIAL cHAR￿y
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DING 31 MARCH 2112S
Pagell
Accountin
Policies
The princtpal accoutltirtg policie5 adopted, judgements and key sources of estim*ion UD¢¢rtainty in the pr¢paration ofthe accounts
are laid out below.
Basis of prepArAtion
These financial statements have been prepared for the year ending 31 March 2025.
The financial siatements hav¢ b¢en prepared under the historical cost convention with 1￿m$ re¢ognised w cost or traosaction value
unless oth¢rwis¢ stated in the relevant accountin8 policies below or the Thotes to these financial statemertts.
The accounts have been prepared in acordance with Accounting and Reporting by Charities.. Statement of R¢¢ommended Practice
appli¢able lo charities preparing their accounts in accordancc with the FinanGial Reporting Standard applicable in the UK and
Rcpublic of Ireland IFRS1021 {Chariries SORP FRS 1021 issued on 16 July 2014, Update Bulletin l issued on 2 February 2016 and
Bulletin 2 issued October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and ihe
Charities Aci 2011. The date of transition to the Charities SORP 102 wa5 1 January 2019.
The charity constitutes a public benefit entity as defined by FRS 102.
The fEnancial statements ar¢ pr¢s¢nt¢d in st¢rllDg and are rounded to the nearest pound.
Critital •c¢ounting estim&te$ 8nd are8s of judgement
Preparation of th¢ financial staiem¢nts requires th¢ tw*ees to make signiflcatit judgements and ¢stimates.
The trustees do not conssder that there are any sources of estsmation uncertwnty or any key judgements made in the preparation of
the financial statements.
A&se5sment of golng eoneern
Th¢ trustees have assessed whether ihe use of the going ¢oThcern assumption is appropriate in preparing these financi￿ statements.
The tru5tee5 have made this assessment in respe¢t to a p¢riod of gn¢ year from the date of approval of these financial slat¢menis.
Th¢ trustee5 of the charity have concluded that there are no mat¢rial uncertainties related to ¢vents Or conditions that may cast
significant doubt on the ability of the charity to continue as a going ¢on¢ern. The trustees are of the opinion that th¢ charity will
have suffi¢i¢ni r¢sources to meet its liabilities as they fall due. The most signifjcant are&s of judgement that affect items in the
accounts are detailed above. With regards to the next ac¢ouniing period, th¢ y¢ar ending 31 March 2026. the most signifLcanÉ areas
that affect th¢ ¢arrying value of the &ssets held by the charity ar¢ the level of investment rebjrn and the perforniance of the
investment markets {see the investment policy and risk management seciions of th¢ crustees. report for more information).
iv)
Income reeognitlOD
In¢ome is rec08[Lj5￿ in the period in which the ¢harity h&s entitlement to the incorne. the amount of in¢om¢ ¢an be measured
reliably and it is probable that the Èncome will be received.
Income is d¢ferr¢d only when the group or charity has to ￿lfIl conditions before becoming entitled to it or wh¢r¢ the donor has
Sp￿]rJ¢d that the iD¢ome is to b¢ expended in a future accounting period.
Income compri5e5 donations. investsnent income and int¢r¢51 receiwdble.

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE Fif+tANCIAL STATEMENTS FOR THE YEAR ENDING JI MARCH 2015
Page 12
Donations are recognised when the chatiry has Confirmation of both ihe amount and settlement date. ID the event of donations
pled8d but not reteived, the amount is accTued for wherc the re¢eipt is considered probable. In the event that a dothation is subject
to conditions that requir¢ a level of performance before the charity is entitled to the funds, the income is deferred and not re¢ognised
until either those conditions are fully met. or the fi]IfJlment of those cortditions is wholly within the control of the Charity and it is
probable that those conditions will be flllfjlled in the reporting period.
Dividends are recognised oncE the dividertd has b¢en declared and notifjeation has been received of the dividcnd duc.
Inter¢5t on ￿ttd$ held on deposit is included when ihe receivable and the amount can be measured reliably by the charity. this is
nomially upon notification of the Inte￿$t paid or payable by the bank.
Kxpenditure recognition
Liabilitl¢s are rccognised as expenditure &s soon as there 15 a legal or constructive obligation committing the gTOUP or Charity tti
tnake a payment to a third party, it is probable that a transfer of econotnic b¢n¢fJts will be required in settletnent and ihe atnount of
the obligation can be measured reliably.
All expenditure is accounted for on an a¢¢n￿lS basis and includes attributsble VAT which cannot be recovered. Expenditure
comprises direct C05t5 and 5uppori costs. All expenses, ineludin8 SUPPOrt costs, are allocated to the applicable expenditure heading.
Expenditure on charitable activities comprises grants payable artd property maintenance costs.
Grants payable are inclLtded in the siatemenl of financial activiiies when approved and when the intended recipient has either
r¢cEiv¢d the funds or been inforrned of the decision to fflake the grani has saiisfied all related conditions.
vi)
Alloc#tion of sllpport and governance costs
Support Costs represent indirect charitable expthditure. In order io carry out the primary purposes of the charity it is ne¢essAry to
provide support in the fom of financial and governance procedures. provision of offjce services and equipment and a suitable
working environmenL
Governatlce cost5 Cotnprise 811 costs relatin8 to the public accountability of the charity and its compliance with regulation and good
practice. These costs include costs relating io the independent examination of the financial statements and legal fees.
Support Costs and governanre ¢051s are 211ocaled to the chariry's singlc charitable actlVLty.
Investments
Listed inyestments are a fomi of basic financial instnjment and are initially recognised at their transaction valuation and
subscquenily measur¢d ai their fair value as the balance sheet date using the c105iDg quot¢d mark¢t price.
The charity does not acquire put options, derivatives or other eomplex fjnanciai instrumtnts.
As noted abovc the main fomi of financial risk faced by ihe charity is that of vosattlity in equity markets and investment markets due
to wider economic conditions, the attilude of investors top investmeni risk, and changes in senliment concerning equities and within
particular seciot5 or sub sectors.
Realised gains lor losses) on investment assets ate ca]¢ulaied as the difference be¢we¢n dispos￿ proceeds and iheir opening carrying
value or their purchase value is acquiTed Subsequent to the first day of the financial year. Unrealised gains and losses are calculated
as the differen¢e betw¢en the fair value at the year end and their carrying value at ihat date. Realised and unrealised invesiment
gains lor losses) are combined in the statement of financial aciivilies and are crediied lor debited) in ihe year in which they arise.
Other investmenls are included at ¢os( whi¢h is considered to be approximate to their market va]ue.

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
Page 13
Debtors
Debto￿ are recognised at their settlement amount. less any provision for non-recoverability. Prepayments are valued at the amount
prepaid. They have been discounted to the present value of the future cash recetpt wh¢re sueh discountin8 15 Material.
Cash gt bank *nd hand
Cash at bank aDd in hand represents such accounts and instruments that are available on d¢mand or have a maturity of less than
thrtt months fn)m th¢ dat¢ of acquisition.
Creditors ind provtsions
Creditors and provisions aTe re¢ogNised when there is an obli8atioTh at the balance sheet date as a resuli of & past event, it is probabl¢
that a transfer of ¢conomic benefit will b¢ r¢quired in settlement. and the amount of the settlement ¢an be estimated reliably.
Creditors and provisions are re¢ognised at the amount the charity anticipate5 It will pay to settle the debt. They have be¢n dis¢ount¢d
to the present value of the ￿lUTe cash payment wh¢re such discounting is material.
xi)
Fund accounting
Restricted funds are monies raised for. and iheir use restricted to, a speeific purpose. or dort￿10￿$ subje¢t to donor imposed
nditions.
Unrestricted fund5 represent those montes that are freely available for application towards a¢hievtng any charitable purpose that fall
within the charity's ¢haritable obje¢is.
xii)
Ststement of cash floTrv$
The fjnancial statements do not inrlude a statement of cash flows because the charity 15 exempt from th¢ requirement to pr¢pare
su¢h a statement under the Chariti¢s SORP FRS 102 Update Bulletin l and 2.

SOUTH HACKNEV PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
Page 14
InvtstmeDt Income
12 Months
3 1.03.25
12 Months
31.03.24
Dividends received
Investment Interest
150.080
146.353
1.178
151103
147,531
Expenditur¢ raising funds
31.0325
31.03.24
Inv¢siment Manager Fees
20,686
Charitable ArtlVLtit5
31.0).25
31.03.24
Grants awarded in period, see pag¢ 15
136,119
161,793
136,119
161,793

SOUTH HACKNEY PAROCHIAL CHARrry
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
PaE¢ 15
4. Charitable Actlvities (¢OntI￿lled)
12 Monihs
31.03.2025
12Months
31.03.2024
Grants awarded during the period..
15 Billion Inspire
Anna Fiorentini Arts Sch¢y)I
Apollo Music Projects
Bags of Taste
Frarnpton Park Baptist Chur¢h
Hackney Doorways
Hackney Migrant CeThtre
Ha¢kney Playblls
Hackney Quest
Inspir¢
Legal Advice Centre. Special Support Project
Odd Eyes Theatre
Olu's Soup Kitchen
Premises Music Education
Rich lix Cultural Foundation
St Andrews Youth Developments
St Andrews Youth Developments- Camp5
St Mary of Eton Hackney Wick
Si John of Jerusalem - Little Tots Stsy and Play
St John of Jerusale
St. Joseph'5 Hospice
Th¢ p￿p]e'S Recovery Project
The YaTd Theatre
Toshiba TEC UK
2,61K>
5.000
5.000
3,000
5,000
12,000
20.000
4.000
6.386
20,000
2,534
13,000
2,099
12,000
25.000
15.000
6,928
15,000
13,000
5,000
1.000
1,678
10,460
15,260
5,000
9,840
3,315
2.000
2,000
8,000
5.000
6,000
1,026
5,000
5,000
Universal Board Games
Wyatt Sinfonia
XLP in Hackney
Other {Individual Grants under £2,000)
10,000
7.000
4.350
161793
136.119

SOUTH HACKNEY PAROCHIAL CHARITY
NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
Page 16
Support Costs
31.03.25
31.03.24
Profe55ional Fees and Adminisiration
Account&ncy and book-keeping
Indep¢nd¢nt examination
Sundry Cosis
29,464
1,800
1,320
2.155
28.294
1.800
1,360
Staff costs ind key management personnel
The charity employed no member5 of staff during the period. The administration and financial
management of the of the charity is outsourced to The Trust Partnership.
Trustee's rernuneration and benefits
The tTU5tees constder that they comprise the key management of the charity in charge of directing and
Controlling, running and operating the charity on a day io day bas15. The trnstees rcceived no remuneraiion
01 other benefits in connection with their duties for the year ended 3 1 March 2025 nor for the year ended
31 March 2024.
Tr￿Slee5. Expenses
TherE were no trustees. expenses paid for the year ended 31 March 2025 nor for ihe year ended
31 March 2024.
Fixed Asset Investments
Lisi¢d
investTnents
M*rk¢t VAlue
At l Apiil 2024
Di5P05als
4,572,716
Addition5
Revaluations
5.899
32,681
Nei RevaluatLOnS
Interest
38,580
568
Ai 31 March 2025
4611 864
Net Book Vglue
Ai 31 March 2025
4.611,864
Al 31 March 2024
4 572.716
Investments are held primarily for irkvestment return.
Investments were transferred from the Endowmenis Fund to rhe Climaie A¢iive Fund from 2nd July 2021.

SOUTH HACKNEY PAROCHIAL CHARfTY
IYOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDINC 31 MARCH 21b25
Pa¥e 17
Debtors:
31.03.25
31.03.24
Invesimeot In¢ome (Unrestricted)
8.408
15.301
8.408
Crediton:
31.03.25
31.03.24
Other creditor5 (Unrestricted)
Accruals- expenses {Unrestrictedl
A¢¢ruals- expenses (Endowmentl
AGcrnals- grants IUntestri¢ted)
2,674
3.100
5.647
9.404
3,100
5.306
32,810
Movement in funds
Net movement
in fi]nds
At 01.(H.24
At31.03.25
Unrestrieted funds
General fund
351,758
{19,6581
332,11>0
Endowment funds
Endowment fund
4.309,823
10,224
4.320.047
Totgl F￿lldS
466l.581
4652 147
Net movement in funds. included in the abov¢ are as follows..
Income
Expenditure
Gains and Movement
105ses
funds
Unrestricted funds
Gen¢r&l fund
151,103
{170,858)
97
{19.658)
Endowment funds
Endowtnent lund
{22,3601
32,584
10,224
Total Funds
151 103
193,218)
32.681

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DXNG 31 MARCH 2025
P*%e 18
Movement in funds (continued)
Anglysi5 of f+4et Assets b¢tween Fuods 2025
Fixed
Asse15
Net
Asset5
Total
Vnrestritted fund$
General fund
286,170
45.930
332.100
Endowment funds
Endowment fund
4.325,694
(5,6471
4,320,047
Total FuThd5
4611864
40,283
4.652.147
An91ysis of P4et A55ets between Funds 21J24
Fixed
Assets
Net
Assets
Tot&1
Unrestricted funds
General fund
257,587
94.171
351.758
Endowment funds
Endowment fund
4,315,129
15,3061
4.309,823
Totil Funds
4.572.716
88.865
4661.581
12.
Relxted Party Diselosures
Connetted Ch•ritie5
Hackney Joint Esiale Charity hold and manage the assets of ihe gifts of the Hackney people to their f¢llow
parishioners. The income from these assets is distributed to the three parochial charttl¢5 in the Borough
of Hackney; South Ha¢kney Parochial Charities. Hackney Parochial Charitle5. ithcllldin8 Ha¢kn¢y District
Nursing Association and West Ha¢kn¢y Parochial Charity. The re8lStered address for Ha¢kney Joint
Estate Charity is 6 Trull Fami Buildings, Tetbury. Glouctst¢rshire. GL8 8SQ.
No donaiion was received thisyeai from Hackney Joint E5taie Charity12024.. Nil). The H￿c constitution
states that SHPC is to receive a quarter of funds available for distribution by the Chariry with the
remaining funds distributed between Hackney Parochial Chariiies {halfj and West Hackney Parochial
Charitie5 Iqllarter). There wa5 no distribution in 2025 due to a la¢k of surplus ftjnds within HJEC.
Rtglster of Tru$tets Complementsry Interests
During the IlTrtPC a¢¢ounting year from 1st April 2024 to 31st March 2025 there We￿ Trustees of the
SHPC who were also Trustees or committce members of other Charities or Funds but did not benefit from
Grants made by the WHPC. The regis¢er reflects those compl¢rn¢ntary interests.
Grant5 2024125
SHPC Trust¢e
Other Funds
Role
Reverend Andrew Wilson St John of Jerusalem ChuT¢h Rector and Chair St John of Jerusalem Church
Multjple other trustees are a]so members of Si John of Jerusa]¢m ChLsr¢h

SOUTH HACKNEY PAROCHIAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
P*ge 19
Control
The ch￿lty is controll¢d by its boaril of TNstees.
14.
ComtNitments
Pledge5 of slJPPOrt.
Forward grant comrnitments are accrued in full and recognised as they are awarded.