2024-03-31-accounts - The Deptford St Paul Charity

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The De tford St Pa1 Chari Trustee's Report for the ycar ended 31 March 2024 PRINCIPAL ACTIVtTES The puryose of the Charity is to provide relief in need. either geDerally or individually, to peOnS r¢sidcllt in th¢ area of benefit, being the Ancient Palish of Deptford, St Paul. CuelitIY one of the Charity's main a¢tiviti¢s has b¢¢n to make regular paynents to pensioners resident in the area of benefit who are in eonditions of nee(L hardship or distress. There are two aspects to the public benefit requirement, the 'public a5pect' and the 'bencfiÉ aspect,. Thc charity meets th¢ piibli¢ asp¢ct by Providing benefit to a sufficient section of the public on the basis of wh¢r¢ people live, and wiih a particulaT chaTiL4ble need as deSLribed above. It meets the benefit 4L8PCCt by providing benefits that are identifiable and measurnblc, su¢tL as pcnsion and grant payments. ACTIVITIES DURING THE YEAR Penqinn.q continue to he administered by Th¢ Dcprford Pension Socicty oll behalf of the Charity. In the financial ye8r pensions were paid amounting to thc sum of £6,115. It was &lso agreed to continue with the Christmas distribution of Sainsbury's supennark-et vouchers, ¢a¥li with a la¢¢ valu¢ of £30. Aoludl dislTibuted gift Lards a]nounted to a grosb value of £13,500 (450 gift cards), al a discounted price of £13,168.45 to the charity. The Charity's inwme derAves mainly from rental receipts from properties in its owneTship, of which there are ¢UTr¢ntly six. It also has a Co[lderable investment with the Charities InvestEllent Fun(L a fund d¢sign¢d io provid¢ L'ment, someone will check to see if there is a problem or that person rcquAr¢s help.

RISK ASSESSMENT In order to Comply with the Statement of Recommended Practice for Charity Accounts (SORP 2005) a review of the major risks to which the charity is exposcd and the systems thar have to be cstablished to mitigate those risks is ill thc process of being Caled out. Thc review ivill also considcr external faotors. Onc¢ idelltified procedures will be put place to rcctify those arcas of pot¢ntial vulD¢rability. This will b¢ monitored on an ongoing basis. RESERVES POLICY As a r¢serv¢s policy, the Trust¢cs have agreed that the aim should be to n]ailltain an approxituate avcrag¢ of al least four months running costs (£12,000) as sufficient free reserves to cover ally unexpected conting¢n¢ies. Reserveg are currentl). maintained at a higber level in kmticipatioii of costs of repair works lo the eharity's property portfolio, as part of a widcr evaluation of the portfolio. STRUCTURE OF THE cHARy The ttharity, governed by a tnjst deed and constittTted as a chatitable incorw)rated organisation holds a body of trustees consisting of 4 persons, one nominative trnslees, appointed by Lewishatn Council and three Co-operative trustees, who must be persons through residence, occupation or otherwise with special knowledge of tlie area of benefit. STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ charity's trustecs are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare financial statements for each financial year which give a truc and fair view of the state of aftairs of th¢ charity and ils financial activities for that period. In preparing those statements, the trLlSte¢s are r¢quir¢d to: a) select suitable accountiug policies and apply them ¢onsistently' b) makc.judgmcnts and cstimates that are reasonable and prud¢nt; c) state whcther applicable accounting standarits and stst¥m¢nls of re¢oinm¢nd¢d practice hav¢ bcen followed, subject to any departures disclosed and explained in tlie financial st2t¢m¢nts' d) prepare the financial statements on the going ¢oncem basis unless it is inappropriute to presume that tlie charity will continue in operation. The truste are responsible for k¢eping propcT accounting CordS that disclose with r¢a50nabl¢ accuracy at ally titne the finan¢ial position ofthe chariry, and which enable them to en.qure that the financial statemeRts comply with the Charities Act 2011. They arc also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prcvcntion and detection of fraud and other irregularities. On behalf of the Comtnittee Ttee SISfr O goL4 Date

Charlty reglstratlon number.. 213171 The Deptford St Paul Charity Annual Reportand Flnenclal Ststements for theyear Ended 31 March 2024 g Hare & Blllet Road Blackheath SE3 ORB

The Deptford St Paul Chaylty Contents {contlnuedl Reference and Admlnl$ti&tlvÈ Deta115 Trustees, Rept 2to4 Independent Examlner's Report Statement of Flnanaal Activltles 6t07 Yalance Sheet Notes to the Flnanclal Statemer¥ts 9t017

The Deptford St Paul Charlty Reference and Admlnlstratlve Detalls Trustees Josephlne A5hdown Cllrwill Cooper Rev frdjen 8e¥menl MBE Rev Pavl Butler B,A IHonsl Mrs Angela PÉprah, Clerk to the trlee5 MrThomas Clarkson, Tre?surer Other Offlr¢rs Charlty ReElstratlon Number 213171 Prlnclp¥l Offlce Flnandèl Setvkes, London Boroueh of Le$horn LèwreTh House Caiford London SE6 4RiI Indendant Exam1n*r 9 Hare & Blllet Road Bla¢kheath SE3 ORB Bankers TSB 6 Crescent Arcade London SE10 9EJ Barclays Bank UK PLC I churc.hlll Plate London E14 5HP P8ge I

The Deptford St Paul Charlty Trustees, Report The tru5teÈs présent the annual repori toeether wlth the flnandal statements of rhe charky far the year ended 31 March 2024. RINCIPAL AcfiviTES The purptise of the ch8rlty Is to provlde relief in Need resldent In the area ol benefit, belli8 the Ancient PHii5h of Deptford. St P8uI. Curreritly one of the Charfty's maln actlvitltleg h&s been to make YeRulHr payment5 tn pensloners resldent In tliÉ aroa of beneflt who are In condlllons of need, hardshlp Of d15tress. Major declslons In thls re5pe¢t are laken bythe truste.es with duè regard to the Ch8rlty Commlsslon's Euidance on publlcbeneflt. There ère asperts to ¢lie publlc benefit iequirement, the'public aspect, and the tsenefit aspect,. The charlty meets the public aspect by prowtding beTrefit to a sufliclont secllon of tliÈ public an the bas of where peaple Ilve, and wlth a pofiicularch8rltahle need Js descrlbed above. It meets the beDeflt aspect by pravldlng bene15ts thal arÈ identifiable and me85urable such as penslon and Erant p8ymentS. ACTWITIES DURING THE YEAR Pensi0115 continue to be 8dm5nlstered by The Deptford Pen51on Soclety on belialf of the (arfty. In the flnanclal ye3rpen&lons were pald amountfnR tothesurn of £8.37512023'. £8.4751. It W85 also agreed to contlnue wlth tlie Chrk%tmas dlstrlbvtlon ol Salnsbury's supermarkei vovchers. e8ch wlth a face le of £30. Actual dislribyted gift cards atnounted to a grosg value Df E13.500 145Q 8ift cards). at 8 dlscaunted prlce of É13,168to tlie ¢hatity, The charlty's In£ome derlve5 rn8tnW from rental reÉÈipts from propertles In Its ownershlp. of whlch there are currently slx. It also lias a conslderable investment with the Charitie5 Investment Fund, a fund dlsned to provlde capltal Èrowth and rlslrg Income over tlme wllh a blas to teal assets In UK and overseas equltle5. Alrnost flliv percent of the clidrliy's In¢tsme ln the flM3iiclal yeorwas derlved from Invt5tmei divldends. All In¢orne rÈc¢ived Is Used to fucther the tharlly's prln£ipal actmtles. The Accounts comptywlth the Charltles Act 2011. The charlty Is taklng Steps In orderto regaln posse551on of bmo commorclal propertlÈs fnd one resldentlal propertv forwhlch It Is noi curret)tly recelvlng anylntomÉ. 7hls actlon Is ongoln8. CHARITABLE OUTCOMES Tho Impaet of tlie regular payments contlnuÈs to prode asslslantÈ to those In need wlthln tlie area of beneflt wlth addltlonal asslstence Bt Chr15tmas, tradltlon¥ly a dIffI¢u tlmÈ of year. It has also allowed an opporiunlty for 50dal Interactlon and support when they collect thelr p?yments wlth the other pensloners. Thls has fostered 8 splilt of 5UPPQrtlng each othèr with a number ol the more actlvp ppnsionp.rs hp.Iping older or pensions with problems to éccess rhe servlces of the cominunlty centre frgm where they plck up thÈlr payments, It Is also notable that If for some reason someone doe5 liot collect Ihelr payment, someone will check to see il ihere Is a problem.or that person requlres help. Page 2

The Deptford St Paul Charlty Trustees, Report Icontlnuedl RIS1< ASSESSMENT In order to tomply wlth the Statement of Recornmended Practlce Pr8Ctice appllcable to ch8rltlÈs preparing thelr accounts In accordante wlth the Charltles SORP IFRS 1021, è revlew of the major rlsks to whlch the chaAty Is exposed and the system5 that h3ve to be e5tabllshed ta rnitlgate tknse risk$ Is In the procos5 01 beirg carrled ovt. The revlew wlll also con5kler e¥tern31 factors. Once Identlfled procedures wlll be put In place to rectify those areas ol poiÈntlal wlnerablllty. Thls will be nlonltored on an E0[Trg basls. RESERVES POIICY A5 8 reserves policyi the Trustees have ag¥eÈd that the aim should b2 to malntaln an approxlmate average of at least four months runnlng costs I£JZ,0001 a5 sufficlént free reserves to ¢over any uneKpecled contlngencles. Resetves are currently malnralned at a hiEher level in 3nllclp3tlon of cosls of repair worki to the ch3rlty'5 properly portfollts, as parl of a v41der evaluatlon of the poltlollo. STRUCTURE OF THE CHARITY The ¢hadty* governed by a trust deed and constltuted as a tharitable ikcorporated ordanlsation hold5 a body of trusiees conslstlng nl 4 pp.rsons, one nominative tru%tEes, appolnted by Lewisham Councll abd three eo-operatlve trusiÈes, who must be persons through rIdenCe, occupatlon or otlierwtse wlth special knowledge ol the a¥ea of benellt. Trt¢S and offlters Thetrustees and Offr5 sprvlD8 durlng the yearand sln¢e the year ènd were 8$ follows.. rrustees: JosÈphlne Ashdown lappolnted 25 Aprfl 20241 Cllr Wlll Cooper RevOwÈrt 8earnent MBÉ Rev Pgul Butler B,AIHOtis1 Other Offlcers.. Mrs Angela Peprah, Clerk to thetru5tee5 MrThomas (rk50Th, Treasurer Page 3

The Deptford St Paul Charlty Trustees, Repoyt Icontinuedl statement of Itesponslbllltles The trusteEs are responslble for prep8rlng the trustee5' report and the finantlal statements IN accordance with the Unlied Klthgdom AccouDtlnE Siandalds Iuhited KIThQm Generally Accepted A¢¢ouiitiiie Prècti¢el and appllcable Izw and reBvlatiori5. The law èppllcable to charities require5 the trUStees to p¥epaie financlol statements for e8ch flnanclal year whlch eive a true and falr eW of the state of 3fl3lrs of the charlty and of tlie Incomln8 resources and appllcation of Tesources oftheiharfiyfor tli4t perlod. In preparfn8 these financlol statements, the trustees ore requlred to.. selett sultable accountlng pollcles and then apply themcons15tÈnMv,' obser¢e the mÈthods and prlnclples In thÈ Charllles SORP,. makoludgements and e5Um3tes that are ieasonable ind prudent.. 5tète whether appllcablo acceuntlng stsndards have been followed, 5ublect to any rnaierl81 depaitures dlsdosed and exp131nÈd In the flnaiiclal statements,. ad prepare the flnanclol st?temenlS On the 8trln8 concern ba515 UDl2ss it is itbapproprlate to presume thyt the charilywill contlnue in busine5S. The trustees are responslble for keeplng proper accountlng rewrds ih8r dlsclose wlth reasonable accvracy at any timo the fliiancial position of the charfty and enable them to ensure tliat the flnanclal statement5 comply wlth tl Charltles Atl 2011, Ilie Charltles (Aceounts and Reporisl Regulatlons 2008, and rhe provlslons of the con5tltvtlon. The trustees are also responsible for safeguardlng the Jssets of the ch8rlty and hence for taklnB reasonable slep5 forthÈ preventlon and detÈctlon ol Fraud ènd other Irregularltles. The trustees Hre rEsponslble for the malntenance and Inte8rliy of the corporate 3nd IlnBnclal Informatlon Induded on the charlt&ble compaiiy's websTte. Legislatlt>n 8ovÈrnlnÈ tlie preparation ds5sem1nat)n of flnar4dal statÈments may dlfferfrom le8lslatloii In otherlurlsdlctlons, ie3nnual reporrwas appro by the trustees of the£harllyon 6 De¢ember 2024 and slgned on Its behalf by.. Ir Wlll Cooper TriJstÈe Page 4

The Deptford St Paul Charlty Independent Examlner's Repoyl to the trustees of The Deptford St Paul Charlty I report tothe charlty trustees on myexamlnètlon of the 8c£ounts of thè charity forthe year ended 31 March 2024 whl£h comprlse the Stalemeni of Flninclal Aitlvltles, the. BalAn¢e- Sheet ond related notes 3 to 14. ils report Is made solely to tha charlty's trustees, as a body* In accordance wlth sectlon 145 of the Charitles Act Zoll. My work h8s been undertaken so that I ml8ht state to the charlivs tru51ees those matters l am regulred to stato to thom In tlils report and for no other purpose. To the lullp.st extent permitted by 18w, I do not actepi or assuitte responslblllty to anyone olheT th3n the charlty and the charlty's trustee5 as a body. for my work, foT thls report, or forthe oplniohs I have formed. Respon51billtle5 and basls of report As the tharlty trustoes of The Deptford St Paul Charlty you ère re5ponslble for the prep0ratl¢)n of the accounts i ttordantewlth the rEquirements uf the Charlties Acl 2011 IllieAcl'l. I report In respecf of my EX?mlnatloii of the The Depiford Sl P3uI Charftvs accoursts carrled our under sectlon 145 OF thÈ 2011 Act In cayiying out my eKaminatioii I have followed 811 the applleable Dlrectlon5 8lven by tlie Charlty Commlsslon under secrlon 1451Sllbl of the Act. An Independent examlnatlon does not involve gethering all the evldence that would be reqtjlred lrn am Bvdit and oTrsequently does not cover all thÈ matters that an auditor con51ders In glvlng th£lr oplnlon on tlie flnanclal St8tements. The planning and conduct of 311 audlt goes beyond tlie Ilmlted assurance that an independeot examlnatlon can provlde. Consequently l expre55 no oplnlon a5 to wheiherthe flnanc181 statements present a'true and fall eW and my repori ts Ilmlted to those speclflc matterssetout In the IndepÈndenr eK8mlner's statement. Indftpendent eKamlner'5 statement I have cornpleftd my exèmln8tlon. I confl¥m th8t no material tnattpr5 have corne to my otteJtlon In connectlon wlth the Èxamlnatlon 8lvln8 me tause to bclleve th8t In any maierlèl respect.. l.attotJniin8 retords were nDt kept in respect ofThe Deptford St Paul C113rlty a5 requlred by sectlon 130 of the Act,. or 2.the financial slatements do not accord with tliose record5,' or 3.the fin8nclal statement5 do not comply with the èttoviitlng requlreinp.nls concemine the form and Content of occounts sÈt otst In thp Charltles (Accounts and Report51 Re8tsl&tlons 2008 otherthan any requlrement that the ccouDtsgive a'truÈ and falr view, whlch Is Nota matter considered paitof an Independent exainlnatknn. I have no concerns and have cotne ss no othei malteTS In cannectlon wllh the emI8t10n 10 wlilch 8ttention should be dr3wn In thls report I rder to enable a pioper understandlngof the accounts to bts rL4achod, TIM Sullivan FCA 9 Hare & Billet Road Bl8ckhe6th SE3 ORB Dale-. Pagé5

The Deptlord St Paul Charlty statement of FlnanGlal Activltles for the Year Ended 31 March 2024 Unre5trleted funds General Et)dowment fund5 Expendablo Total 2024 Nots Inwme ahd Endowments from: Investment Income 45.619 Total Income 45,619 45,619 ExpÈndlture 0., Charltable activltles 136.340 136,34Ql Total Expendlture 136,3401 136,3401 Net kncome 9.279 9.279 Other retoinlsed ealnj and losse$ other gainsl105ses 66,095 66,095 Net Moyemenl In funds 9.279 66,095 75.374 Reton¢lll8tion of fund$ Totsl funds brtru8htforw3rd 1,496,654 730.184 2,226,838 Totalfunds carrled forwèrd 12 I,J05,933 796,279 2,302,212 The note5 on pages 9 to 17 form an knte8fBI port of these financlal statements. P8ge 6

The Deptford St Paul Charlty Statement of Flnanclal A¢tlvltles forthe Year Ended 31 March 2024 Icontlnuéd} Unrestrlcted funds General Endowmeni funds Expemdable Total 2023 Note Income and tndowments from: Iiivestment income 44,559 44,559 TotÈl Intome 44.559 44.559 Expendlture 47n'. 135,7111 135,7111 Tot81 ExpendltUTe 135,7111 35,7111 Net Income GT0 tr&rfer5 between funds 8,848 4,595 8,848 14,5951 othéf réco8nlsed 8alns and losses other galnsif05ses 128,7181 28,718 Net movement In funds 13,443 133J131 1190701 Recontlllatlon of funds Total fijnds brought forward 1,483,21t 763.497 2,246,708 Totsl funds carrled foNsaid 12 1,496,654 730,184 2,226.838 All of the charlly's aet4vltle5 derlve frarn contlnulns operatlons durlne the above two perlods, The funds breakdown for 2023 Is shovjn In noie 12. Tlie note5 on pase5 9 to 17 form an integral pari of the financl81 statements. Pa6e7

The Deptford St Paul Charlty (Reglstratlon numher: 2131711 Balance Sheet as at 31 March 2024 2024 2023 FIHed assets Investments 1,290,000 1,290,000 Current a$sets Debtois 6,618 849.738 158,301 Investment5 783,643 157.315 Cash at bank and In hand io 1.014,G57 940.958 Credltors.. Amounts fallln8 du£ wlthln one year li 14,1201 et cvrrent assets 1,012.212 93G,838 Net 85sets 2,302.212 2.226,838 Funds pf the ¢hBrltv', Endowmeni fund$ 796,279 730,184 Unrest¥lcted Incamé funds UnrÈ$trfcted lund$ 1,505,933 IA96,654 Totalfunds 2,302.212 2,226,838 The flnanclal statements on pages 6 to 17 vJeTe approved by the trustees, and zuthodsed for15sue on 6 December 2024 and slgned on Ihelr behalf by.. Cllr Wlll Cooper Trustee The note5 on pages 9t0 17 form an Integral part of these flnandal statements, Page 8

The Deptford St Paul Charlty Notes to the Flnanclal Statements forthe Year Ended 31 March 2024 l tharlly status rhe charity Is domlciled in England and Wales. The address of Its reglstered Off1 is.. Financlal SeTvico& London Borough of Lewishom Lawrence House SE64RU These flnanclal ststemÈnts were authorlsed fc>f155ue bythe trustees on 6 Oettmber 2024. 2 Accounting pollcles 5tatementof compliancé The flnaiiclal siatemellts have been prepared In accardance with Accountlng and Reportihs by Charl.. Statement of Recommonded Prattice appllcable to charitlÈs preparlng thelr occounts In accard3nce w5th the Flnènclal Roportlng Standard appllcable In the UK and Republlc of IrÈland IFRS 1021 leflectFve I january 20191 ICh3rltles SORP (FR9 1021 Second edltlon October 20191, the Flnanclal Aewrtlng Standard appllcaNe In the UK nd Repuwlcof Ireland IFRS 1021. They also comply wlih the COMnIesA(l 2006 and Charltles Act 2011. Basls of preparatlon The D&ptford St Paul Charlty meets the deflnltion ol a publlc Th¢f Èntity under FRS J02. The a¢¢ounts If(n8n¢l#l statements) h8ve been prepared urtdor the hlstorlcal cost convention w5th IiÈms recognlsed ai cosl or Ir2n53clion valu¢ Unle otherwlse st3ted In the relevant notelsl to Ihese accounts. Golng Concern The trustees conslder that there are no materlal untertalntles about the charltls dbllliy to contlnue as a 8oin8 oncern. JudÉem@ntÈ and key sources ol estlmatluN untertal1¥ In the gppllcatltbTr of thethaiSty's accountlng pollcles. the trte are requlred to makelud8ements. e5tlmotes and èssumptions about the carrylng 8mouDt of 355ets and Ilèbllltles that are not read1 appayent from other sourc0$. The e.stlm8tes and assotlated 8ssumptlons are b3sed on hlstorlcal experlence aNd other fatr$ that ère onsldered to be relevant. kiual ¥esults may dlffer from éstimates. The esllmate5 and underlylng assumptlons ale revlewed on an ongolng basls. Rev151on5 10 attountlng estlmates are recognisEd In the perlods In wlilch the estlm8te Is revlsed where re510n$ affectg onw that pei'lod, or In the period of thé ISlon and future peTLods where the revlslons affects th current and future perlods. Pège 9

The Deptford St Paul Charity Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Icontlnuedl Intome 3nd endowments Inveslmentljjcome Investment Incomels réta6nlsÈd on an accruals basls. Expendlture All expend5iure Is ignIsed once there ts o legal or constructive oblleatlon to th3r expendlture, It Is proboble 5eii1ement 18 requlred 3nd the amount tan be measured wellably. All costs 8re allocatp.d to the app1ic3ble eKpendilure hcadlng that aggregate slmllar eosts to th8t category. WhÈrÈ tosts cannot be dlrectly atirlbuted to partlcular Iieèdlngs they have been allocated on a basls con$15tent wilh the Use of resourc. with cent1 staff costs allocated on the ha5 of Iline spent, and depreciation ¢liBrges allocated on the portloJ> of the as5el's use. othersupport cos15 are allecated based on the sprÈ3d of staff costs. Churlr•ble uctfvltlÉ$ Charitable expenditure comprlsÈs those costs Incurred bythe charlty In the dellveryof Itsactlvltles and seceS for Its bÈneflLlarles, It Inclvdes both tosts that can be allocared directly to such acllvltles and those costs of an IndIrt n3ture necessaly to supportthem. Giant expendlture Grants payable are p3yments made lo third p3rli¥ iii the furtherance of the charftable oblecllves. Where the charlty Elves 3 Brant wlth condltlons for 5t$ payment beln8 a speclllc level of s&rVI oroulput to be wovlded. such 8rarirs are unly recogftlsed In iheSoFA ontr the reclpient of the Èr3nt has provlded tlie specific servke orouipui. Grants payable wlthout perform8nce condltloll5 are only recognlsed In the accovnts when a c(kmmilinertt has beeii made therehre no condltl0ll5 to be met relatlng to the 8rÈnt whlch remèln In thecontrol of thechaillv. Taxailon The char5ty Is coThsldered to pess the tests set out In Paragraph I Scliedule 6 of tlie Flftènte ACE 2010 and theielore It meers the definition of & charltable coirpany for UK corporamon tax purp05e5. Accordinsly. the charliy potElltlally exempt fro1* taxatlon In Tpect of Income or tapiial Baliis recelved thIn categorles Vered by apter 3 Part 11 of Ihe Corpordtlon T4x AL'I 2010 or Section 256 of the Taxgllon af ChargoBble Galn5 Act 1991, to the Èxtent that5uch Inttsme orEalns are applled excluslvely to tharltable purposes. Invo$tm@nt propertlp5 Investment property 15 cèrrled at falr v3lue. derlved from the current market prlces for comparable Year estate determlned annually by extomal valuers, The valueis use observèble market pjlces, adjusted If necessary for any dlfference tlie nature, locétlon or coiidlilon of the 5pecilic asset. Changes in fair value are recogmlsed In proflt or Page 10

The Deptford St Paul Charltv Notes to the Flnanclal Statements for thè Year Ended 31 March 2QZ4 Irontlnuedl Flxed asset Ihvestments Flxed asset 1nveslme.nts 4rÈ Included at market value aiihe b8lèncesheet date. Rea51sed galns and losses on Investmeit5 are calcu13ted as the d1fleThce between sales pro¢eed$ 2nd thelr market value at the start of the year, or thelr subsequent cost, and ire charged or credlted lo the statement ol the financlal aCtItIeS In the perlod of dlsp05al. Unreallsed galns 8nd10s5e5 represÈnt the movement In market values durlng tlieyearand are crediied orcharged to the statement offlnanclal actlvltles based on the market Val at the yearend. Curtnt a55et Investments Current 4ssei k)vestmentS are IKluded 8tthe lowerof c051 and net reallsable valuE I markÈt value. Trade debtors TrÈde debt¢rs are amtkunts due from custorners far mÈrch8ndlse sdd OT servlces performed In Ihe ordlnar¥ course of business. Trade dÈbtors ère recoEnl&ed Inltlally at the transactlon prlce. They ave 5ubsequertt méasured at amort15ed Cost u$1ng the effectlve Inierest method. le¥ provlslon for Impairmeiil. A provi51on for the Imp31riHent of trade debtors Is establlshed wlien there Is objective evidence that the tharity will not be Ie to collect o118mounts due attording to thè orlglnal terms of the recel¥ables. Cash and ¢85h equlvolents Cash 3nd cash equivaleiils comw15e cash on hand amd call dÈposlts. and other 5hort-tem hlghly Ilquld Inveslments that rÈ8dlly convertible to a kntswn amount of cash aod are sublect to an IwlgMlflrortt r15k of chan8e In value. Trade credltors are obllgalloiis to poy for goods or seNlces that have been acqulred In the ordlnary course of buglness from suppllers. Account5 payable are tlasslfied as cuirei3t Ilabilitles if the does not 113ve an ttncondltlonal rlght, al the end of the reportln8 perlod, to defer seiiienient of the creditorfor bt least twelve monlhs aftrerthe reportlnE date. If therols èn uncondltlonal rlght to defer settlement for at least iwelve moiiths after the repoiiln8 date, they are prented as non-currenr Ilabllltleg. 4re rÈcoEnlsed lllltlally at the transaction prke and SUbsequenv rneasured at amortised cost U51n8 the Èffettive Interest metliod. Fund strurture Unrestricted Income funds are general funds that aré awdllable for use at tlie trustees discretion In fullherance of the ob5ecUvÈs of ihecharlty. Pa8e 11

Thè Déptford St Paul Charltv Notes to the Flnanclal statements forthe Year Ended 31 March 2014 Icontlnuedl Flnandal Instruments Cl*s$llltotloh Flnanclal assets and flnandal Ilabllltles ale recognlsed when the (rIty becomes a party to tliÈ contrèct1 provi51ons Df the Instrument. Flnanclal Ilabllltles and eqully InstrutnÈnts are classMtEd a¢cordln8 to the substince of the contrartu81 arr6ngernents enteretj into. An eQltY Instrument ts any tontratt that evldehces 3 re51dual Inte¥e51 In the assets of Re¢oghltloii ondmerrsuren)en¢ I fin8ntlol 8ssets and Ilabllltles 8re Inltlèlly measured at tran58Ctlen prlcE Il#tludlng tran5aCtKin co5tsl. oxcepl fol Ihose fIna(la1 as5Èts dassllled as èt falr value through profit o¥ bss, whl¢h are Inltlally measured at lalr value Iwhlch Is normally the transactlon price exclud18 transbclion coslsl. unless the arrangemeiit coiistltutes a flDaThclngtr8nsactlorn. If an 3rraDgeMenl con5tltutes 3 flnanclng transactlon, the flnanclal asset or flnanclal Iloblllty Is measured at tlie present value of the lutuie payinenl5 discrxjnted at i inarket r4ie of Intert for 3 slmllar debt In5trvment. Flnenclal assets and 118bllltles are only offset In the statement of finhnclal posltbn when, and othly when there exlsts 8 leÉèlly enforceable rlght lo set off the recognlsed amounts and the charlty Intends ehr to settle OD a let basls. orto reallse the 3ssel and sellle the118blllty slmultaneouslv, Fln8nclal 8ssetS 8re derecoEnlsed when and onlywhen al thÈ tontractual rlghts to the ¢#sh flows from te flnanclal 35set explre or ale settled, bl the charlly transfer5 to another party substantlally all of the r15ks and reward5 01 ownerslilp of the fliiintl81 assÈL or cl tlie charllv, despite having retained Some. but nat all, si8nWlcant rlsks and rewards of ownersh5p, has trÈn%ferrÈd control of ilié Bsset to another p3rtv. Financral Ilabllities are dpreco8ll15ed only when the obll8atloD speclfied In the ¢ontiact15 di5chgrged, ncelled or explres. Investments Invegtments In non-converlSble preference shères and non-puiiable ordlnary or preference shares (where share5 are publlcly traded or Ihelr falr value Is re15ably measurable) are measured at fair value thmuÈh profit or loss. Wherefalr value cannot be me8sured rellablyi InvÈstments are meèsured at cost less Impalrment. Investments In sub5idiarles and a5SOtlate5 are mea5UTèd at cost less Impalrment, For Investments In subsldiA¥res acqulred for tonsldeiatltsn intludlng the Issué of shares quèllfyln6 for merger rellef. cost Is TDea5ured by referetKe to the nominal value olthe5hares i$5ved plus fHirvalue of other conslderetlot). Any premium is ignored. Folr volue measureffjeJJt The best evldence of falr valuels a quoted prftr for an Identl¢al asset In an actfve market. When quote.d prices are unavallable, the prfce of a <etrnt transactlon for all Ident5cal asset provldes evldence of fglr value 3$ long as there has not beeii a slgnlflc3nt change In economic clrcvmstance5 or a slgnlflcant lapse of tlme 51nce the Iransacllon took p18ce. If the market Is not acrfve and recent tran5aclrons of an Idenll¢al esset on thÈlr own are not a Eood estltndte of falr value. the falrvaluels estlmaled by uslfig a valuallon technlque, Pège 12

The Deptford St Paul Charltv Note5to the Flnanclal Statements for the Year Eniled 31 March 2024 Icontlnuedl 3 Investment IhClJmÉ Unrestrlrted Total 2024 Geno¥al 2023 Other Investment Income 21,231 24,388 21,231 24.38 21.231 23,328 IntomÈ from ients 45.619 45,619 44.559 4 EMpÈhdltu¥e Oh choritable •¢tlvltles Total 2024 TolBI 2023 Rale$ 6.144 1,067 1,723 269 5.888 Water r4tes L*hÈ, hedt and power Insurance 3,046 225 Repalts and malntenance Property Thanagement Accountancy Ch8rlty vouchers ChTl$tma5 hampers Penslons payable Penslon sodely admln B58 1,040 1,860 1,224 13.t68 2,160 1,272 13,168 soo g,375 804 8,475 785 36,340 35,711 2024 2023 Charltsbte actlvlty Charlty voucher5 PÈnsk)n payments and admln 13,993 13,168 13.283 13,168 9,260 36.340 35,711 Page 13

The Deptford St Paul Charity Notes to the Flnan¢lal Statements for the Year Ended 81 March 2024 Icontlnuedl S Trus10os rernunBratlon and expqnses No tntstees. nor any per%on5 connected wlth them. have recelved 8ny reffiufierat5tsn from ihe tharlty durlnE the ytrar. No trustees have re¢elvéd èny ieimbursed expense$or anyother bÈnÈfits from the charitydurlngtheyear. 6 THx4tloY+ The charlty Is a re8lstered chadty ènd Is the¥efore exempt from t)Katlen. 7 Flxed ttssei Investments 2024 2023 Invgslmenl propertles 1,290.(M)O 1.290.(M)O InvÈslment propertles Investment proporlles Cost orvaluatlon At l Aprll 2023 1.290,000 Provlslon At 31 March 2024 Net bookvalue At 31 March 2024 1.290,0 At31 March 2023 ThÈre has been no valuatlon of IDv¢5tmEnt properly byan Independent valueT. 1.290,000 P28e 14

The Deptlord St Paul Charity Nole5 to the Flnan¢lal Statements for the Year Ended 31 March 2024 {contlnuedl B Debtors 1024 Z02J Prepayments other debtors 1,032 5,586 6,618 g Current 45S@t Invastmet)Is 2024 2023 Cash deposlts 849.738 783.643 10 Cosh and cash equiwalettt$ 2024 2023 Cash gt bank 158,301 157,315 11 Credltors.. Brriou#ts falllng duewlthln oneyear 2024 2023 Trade credltors Accruals 286 1,159 4,120 2.445 4.120 Page 15

The Deptford St Paul Chaylty Notes to the Flnanclal Statements foy the Year Ended YI MaY¢h 2024 Icontlnued} 12 Funds other recognlsÉd Ealns/llosse51 Balance at i Aprll 2023 Incoinln8 resources Resowrces expended BAlan¢e at 31 March 2024 Unre5trtcted fn$ General 1,496,654 45,619 136,3401 1,505,933 Endowment fullds Expendable 730,184 66,095 796,279 Total funds 2 226,838 45,619 136,3401 66,095 2,302,212 Other r8coÉnlséd Balanee at 31 March 2023 Balance at I Aprll 2022 Incornl#8 resources R£sour¢È5 expended Transfers Unrestrl£led funds General 1,483,211 44.559 135,7111 4.595 1,496,654 Ettdowmentfunds EKpendable 763,497 14,5951 128,7181 730,184 TotBI fuhds 2,246,708 44,559 135.7111 128,7181 2,226,838 The spetlftc purptrsesforwhlth thElunds arèto be applied are as follows.. Expendable endowment fund-Gains transfers represent bance held In CCiA Investment. Page 16

The Deptlord St Paul Charltv Notes to the Flnancial Statements for the Year Ended YI March 2024 Icontlnuedl 13 Related party tran$qctlon$ There were no related p)rty transactlons Ill theyeèr. 14 An8lys15 of net assÈt5 between funds Currént perlod net asset$ beiween fvnds UnTe51rlcted G¢neral Endowment Empersdable Total fiJnd$ Fiked asset InvÈstments 1,290,000 215,4?8 12,445 1,290,000 1.014,657 2,445 Currentassets 796,279 rolal nel serS J,505,933 796,279 2.302,212 Prevlous porlod net assets belween funds Llnrestrlcted Generil Ehdowmont Expendable Total funds Flxcd asset Investments 1.290.000 21Q,774 14,1201 1.290,000 940,958 14.12DI Current assets 730,184 Totsl net assers 1,496,654 730.184 2,226,838 PaEe 17

Charlty reglstratlon number.. 213171 The Deptford St Paul Charity Annual Reportand Flnenclal Ststements for theyear Ended 31 March 2024 g Hare & Blllet Road Blackheath SE3 ORB