Registered number 213312 St Sepulchre (Finsbury) United Charities Report and Unaudited Accounts 31 March 2024 Smilhfièld Accounlanls LLP Ch3rtered A¢¢ountsnt$ Suite I, Unit 2. Slansted Coutyard Parson4e Road. Takeley. Essex, CM22 6PU
St Sepulchre (Flnsbury) United Charltles Registered number: 213312 Trustees. Report Tho Trustees present their report and accounts for the year ended 31 March 2024. Legal Status The Charty is governed by the Scheme of 1 Oth July 1973. which fom)s the rules and regulations of the Charity, as amended by various later Schemes approved by the Chanty Commission. The appointment and proceeding$ of the Trustees are deatt wth in the Schemes, which also set out the qualifitiOnS Tequired. There is no formal training given lo Trustees, but all Trustees are given copy of the Schemes on appointment, so that they are familk1r wrth their duts.es and obligatsons. Method of Recruitment of Trustees The Trustees are appointed by recommendati of the existing Trustees. Obloctlv8$ The objects of the charf(ies are the relief of persons resident in the area of benefit who a in need. hardship or distress. The trustees may lIeVe such persons in need by. Making grants of money to them,. or b. Providing or pawng for goods, 5eryKes or facilities for them. or c. Making grants of monoy to other persons or bcéies who provide goods, semces or facilrties to those in need. The area of benefit includes.. e. The Ecclesiastical Parish of Sl Sepulchre las in 19121 b. The fomer Metr¢Jpolilan Borough of Finsbury Organisation and Decision Maklng The Trustees delegate the day to day responsibility of achieving the Charity$ objectlV8S to the cleik and the stsff of Smilhfield Accountants LLP who administer the day lo day transactions and maintain the books and $tslulory records. and the Chaimian of the Trustees, who makes decisions on grants and pensions. The Trustees regularly meet lo review these activi(ies and make decisions as lo the strategic direction the Charty should take, and communic*e this lo those responsible for delivery. Review of Activities and Achlovements The Trustees are pursuing ways of increasin9 distributions from income including $upplementing the beneficiary base from which payrnenls can be made. The distnbutions have in the past beon govemed primarily by the number of pensioners lo whom the Charty can make payments, but the Charity Is now collaborating with the Cripplegale Foundation and London Borough of Islinglon lo make grants lo qualifying individuals in addition lo the payment of pensions. This is resulb'ng in greater distribution of funds to qualfying recipients. The Charty approved the payment of five grants {2023- grants) to organi5alions operating within the calchmenl area during the year, totslling £17,25012023- £12,500). The Charity deals directfy wrth the organisations for these gr8n15, and one of the Iruslees will each of the organisations after grant has been approved.
St Sepulchre (Finsburyl United Charities Registered nurnber: 213312 Trustees, Report Flnanclal Rgvlew The Charity made a surplus of £34,628 before gainslllossesl after making charrtable payment8 of £72,532. That $urplus has been added to the Accumulation Income from previous years. At the year end, the charity had reserves of £5,393.948. of which £4,739,738 are capital ftjnds representing the charrtls long lemi investments. Future Plans The Charty Intends lo continue raising income from propety leth'ng and distributing funds to its beneficiaries in the same way going forward. The Chanty is lo look actively into further propety a¢qu5s((ions so as to expand its portfolio and increase ils income, so that (( can inciease it5 level of bgnefrt and number of recipients. It also plans lo maintain and grow capital via the acquisitions. An arrangement has bgen entered into. wth Crippleg*e Fotsndalion, whereby they and their partners wll find and vel prosp¢¢tive applicants and put them forward to reCve the annu31 grant that the charity awards. It is hoped that a furthef 45 applicants will be found in this way. by the next aGcounting year end. Public Benallt Statement Having due regord lo the guidance published by the Charty Commission on Public Benefrt, the Trustees are of the opinion that the Charity continues to provide benefits lo the persons residing or forrnerfy employed in the Ec¢lesiastical Parish of St. Sepulchre or the former Melropolitsn Borough of Finsbury by way of grants or pensions. Investment Powers and Poll¢y The Trust Deed authorises th& Tru81ees to mtyke and hold investments using the gengral funds of the Charity. The Chantys fundamental investment policy over the long term is to maintain the real value of capital. Equty Investment Accountlng Pollcy In ordar to comply with the Charity CommisSn'S Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI, the trustees are including inveslrnents at Market Value. This has resulted in an unrealised gain of £2,120 on listed investments. The accounts have been prepared so that they accord with best praclice as recommended by the SORP. Principal Fundlng Sourcas The principal source of funding for the Charty is the inwme on ils investments, which al0 principalty rents. supplemented by investments in managed funds and bank deposits. The Charty also ceives wular grants from The Henry Smith Charty. Rgserves Poll At the present time, the Charity retains sufficient reserves to meet all ils obligations for at lea81 one year. Risk Management The Trustees actively review the major risks which the charty faces on a regular basis and beIv9 that maintaining reserves at current levels combined with on annual revi of the controls over key financial systems wll provido Suflent resources in the event of athrse condrtions.
St Sepulchre (Flnsbury) United Charltles Registered number: 213312 Trustees, Report Fr88hold Property Revaluation A professional valuation of 117 Charterhouse Street as at 31 $1 March 2021 was obtained. In the opinion of the Iru51ees, this valuation has not subslantialty changed since this dale. Stonehouse Fam was professionalty valued during the year lo 31st March 2015. The Open Mart(el Value al those dales is shown in the accounts. It is the chantys poliw lo revalue every three year5. Stonehouse Farm is now considered as separate parts and planning rem)ission on the site has now been obtained. The first part is a fixed asset, being the part which is lo be retained by the charity long term. This was revalued by the Iruslees al 31st March 2022 using their kn¢)vAedge of current market rates. The trustees believe thi$ valuation is still valid a8 at 31st March 2023 and 31$t March 2024. The second part is a current asset, being the part which is lo be sold by the charity. In the year to 31st March 2022, this was valued as the residual amount of the previously combined entity. so as to be prudent. As al 31st March 2023 and 31st March 2024 the trustees believe th* there is now Sufficient reason to believe that sKJnificantly more substantial economic beneffts will flcm from this asset, and have revalued the asset accordingly as at the year end. The information used to obtain this valuation was known at the year end date. Grant Making Policy The constitution gives the Trustees the right lo give grants lo successful applicants having fulfilled all conditions 5tipulaled for such grants. All grants are made to persons residing or fomierly employed in the Ecclesiastical Parish of Sl. Sepulchre or the fomer Metrcpolitan Borough of Finsbury, or lo olh&r organisation8 or institutions for such petsons. Ind8p•ndent Examiner FJM Accountancy Ltd was appointed as independent enineTS during the year and, being eligible. offered themselves for future re-appointment. Post Balance Sheet Date Events Al the dale of this report, the charity has completed the sale of the farmhouse, bams and oa51 house subsequent to the year end. The funds relating lo this received prK)r lo the signing of Ihg accounts amounted to over £1.7million. The funds have been placed on deposit, until suitsble investments are identified.
St Sepulchre (Flnsburyl Unlted Charitles Registered number: 213312 Trustees. Report Statement of tho Trustees. Responsibilities The Trustees are responsible for preparing the Trustees. Annual report and the accounts in accordance with the appli¢8ble law and Unite<l Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Praclicel. The Iw applicable to ¢har¢ti'es in England and Wales require the Tru81ee8 to prepare financial slalemonls for each financial year which give a true and fair view of the financial aclivrties during the year and of the financial posrtion at the end of the year. In preparing those financial slalemenls. the Trustees are required lo.. Select $uilable accounting policies and appty them consislentty. Observe the Methods and principles in the Ch8rrties SORP. Make judgements and estimates that are reasonable and prudent. Stsle whether applicable accounting standards and slalements of recommended prath'ce have been followed, subject lo any material departures di10$ed and explained in the financkil statements," and Prepare the financial slalements on a going concem basis, unless il is inappropriate to assume the Charity will continue in operation. The Trustees are r6spon8ible for keeping proper accounting records, which disclose wrth reasonable accuracy the financial posrtion of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounl$ and Reports) regulations 2008 and the provisions of the trust deed. They are also responsible for egUarding the assets of the Charty and hence for taking reasonable steps for the prevention and detectson of fraud and breaches of law and regulations. The Tyuslees are responsible for the maintenance and integrity of the charty and financial infomalion included on the Charitys website. Legislation in the United Kingdom governing the preparation and disseminatn of the financial stements may differ from legislation in other iurisdictions. This report was approved by the board on 17 Septembef 2024 and signed on its bèhalf. D Sandell Chairman
st Sepulchre {Flnsbury) United Charltles Charlty Informatlon Trusteos The Mayor of Islinglon D Sandell {Chairmanl J Trotter R Hussein E Poli Councillor P Graham Councillor B Mackmurdie Clgrk Simon Poli Accountants Smrthfiekl Accountants LLP Suite 1, Unit 2. Stansled Coutyard Parsonage Road, Takeley, E8$ex. CM22 6PU Independent Examiner FJM Accountancy Ltd 23 Shackleton Court 2 Maritime Quay London E14 3QF Bankers COIF Charities Deposit Fund Senator House 85 Queen Victoria Street London EC4V 4ET HSBC PLC 1-3 Bishop5gate London EC2N 3AQ Clydesdale Bank PLC trading as Virgin Money 5 Lockey House 1 Sl Peterfs Street St Alban's AL1 3LP NatK)nwide Buikling Society Kings Park Road Moullon Park Northarnplon NW3 6NW Investm8nt Advisern & Portfolio Nominee Account Holders CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET Registered olfi¢¢ Suite 1. Unil 2, Stansted Coutyard Parsonage Road. Takeley, Essex, CM22 6PU Registerad chadty numb•r 213312
Independent Examinerfs report to the Trustees of St Sepul¢hre IFlnsbury} Unlted Charities I report lo the Trustees on my examination of the accounts of SL Seputchre (Finsburyl United Charities Ilhe Trust) for the year ended 31 March 2024. R•$pon$lbllltles and ba$1$ of report The Charity's Trustees are responsible for the preparation of the accounts in accordance wi(h the requirements of the Charities Act 2011 Ilhe Act). The Charitys Trustees consider that an audit is not reqUId for this year under Section 144121 of the Act and that an independent examination is needed. I feport in respect of my exomination of the charitys accounts on pages 610 15 card out under section 145 of the 2011 Act and in carrying out my examination, I have folk)wed all the applicable Directions given by the Charity Commission under sectKin 14515llbl of the Act. The Chanty is preparing arUed accounts and l am qualrfied to undertake the examination by being a qualrfied FWAT. Independent Examiner's Statomont I have completed my examination. I confirm that no material matter$ have me to my attention in connection wrth the examination which gives me cause to believe that in, any material respect.. tho accounting records were nol kept in accordance with section 130 of the Charities Act., or thg accounts did not accord with the accounting records.. or the accounts did not compty wf(h the applicable requirements concerning the fomi and content of aceounts sel out in the Char((ies (Accounts and Reports) Regu18tions 2008 other than any requirement that the accounts give a 'lrue and fairf wew which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneclh?n with the examination lo which sttenlion should be drawn in this report in or¢Jer to enable a proper understanding of the aOuntS to be Teached. Mr F J McDowell FMAAT FJM Accountancy Ltd 23 Shackleton Court 2 Maritime Quay London E14 3QF 17 September 2024
St SepulGhre (Finsbury) Unlted Charltles Statement of Financlal Actlvltles for the year ended 31 March 2024 2024 2024 2024 2023 Unrestri¢tsd Unrestricted Unre61ricted Unrestricted Income Capital Total Total Fund Fund Fund$ Funds Incoming rosources Investment inccme (notes 8 and 91 Bank deposrf( interest Volunlary income 135,088 25,367 8,800 135,088 25,367 8,800 133,663 12.037 8,800 Total In¢omlng r66ourcès 169.255 169,255 154,500 Rgsourcos expended Charitable activities (Notes 10 and 111 Cost of generating funds (note 13} Govemance costs INote 14) 72,532 52,033 10,062 72,532 52,033 10.062 70,680 37,217 9.516 Total resource5 expend 134.627 134.627 117.413 Net incoming resour¢e¥ for the year 34,628 34,628 37.087 Gain on investrnenl propety Inole 2} Gainl{l¢)551 on equty investments Inole 31 Intor account transfers 504,535 504.535 645,000 2,120 2.120 11,2271 Net movwnent in funds 34.628 5C6,855 541,283 680,860 Reconcillation of funds Totsl funds brought forward Total funds carrlgd fOard 619,582 654,210 4,233,083 4,739,738 4.852,665 5,393,948 4,171,805 4.852,665 There wera no recognis8d gain8 or bsses for 2023 or 2024 other than those in¢luded in the tatemenl of financial aclivitias. None of the Chartys activrties were acquired or discontinued in the above financial years.
Sl Sepulchre (Flnsburyl United Charltles Registered number: 213312 Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Investment pmperty 117 Charterhouse Street Slonehouse Farm- Familand and Cottages 1,875,000 1,875,rJ)o 1,135,000 3,010,000 1,135,000 3,010.000 Equity investments 1,233.44 COIF Income Shares 25,203 3.035,203 23,083 3,033,083 Current asset$ Investment property- Stonehouse Fam Buildings Debtors Cash at bank - Current Account - HSBC Deposit Account - COIF Deposi( Fund - Nationwide Deposf( - Virgin Money Deposit - Virgin Money Account 1,704,535 1.200,000 18,768 24,869 113.573 11,967 415,965 93,0 88,622 18 723,241 76,132 11,757 396,681 89,940 86,585 18 661.113 2,446,544 1,885,982 Credltors: amounts falling due wlthln one yaar 187.7991 {66.4001 Net current assets 2.358,745 1,819,582 N8t assets 5,393,948 4,852.665 Charity funds Unrestricted caprtal fund Unreslricled InMe fund 4,739,738 654.210 4.233,083 619,582 Charity funds 16 5.393,948 4,852,665 The a¢counts were approved by the board on 17 September 2024 and $Lgned on ils b8half. D Sandell Chairman Approved by the board on 17 September 2024
St Sepulchre {Finsburyl Unlted Charitles Notes to the Accounts for the year ended 31 March 2024 l Accountlng poll¢les Accounting Conventlon The financial statements have been prepared in accordance wlh the chartys trust deed, the Charities Act 2011 and ' Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 {effective 1 January 20191" St Sepulchre IFinsburyl Uni(ed Charitie5 meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are Initial recognise(l at historical cost or transaction value unless otherwise staled in the relevant accounting policy note5. The trustees consider th* Ihero aro no malerial uncertainties aboLrt the Charrtls ability lo continue as a going concern. Deprnclation N¢ provision is made for depreciation of freehold buildings as they ale considered lo be investments. FixedAssets And Current Assets- Investment Propety 117 Charterhou5e Street was professionally revalued by Chartered SurveyoTS On the open marffet value basis al 31st March 2021. The trustees believe this valuation is still accurate. 117 Charterhouse Street, London, EC1M 6AA by Messrs,. Robert Wilson FRICS, hb Surveyors & Valuers Ltd - £1.875,000- subject lo existing tenancies. Slonehouse Fam was last professionally revalued during the year ended 31st March 2015. The trustees did not wish to prOfesSn31 ValUe the fami at the year end, a5 the charity is in th¢ process of marketing and selling the si(e. Slonehouse Farm. Frindsbury, Rochester. Kent by Messrs,. J.S. Calcutt IFRICS FAAV). Complete Land Management- £1,690,000 - subject to exh8ting tenan¢ies as at 3151 March 2015. Slonehouse Farm is n¢ consideied into sepafale parts. The first part is a fixe11 asset. being the part wtr¥ich is to be retained by the charty long temi. This was revalued by the trustees at 31st March 2022 using their knowledge of current market rates. The trustees believe this valuation is still valid as at 31st March 2023 and 3161 March 2024 88 the existing tenanCS are still in place. The second part is a current asset, being the part which is to be sokl by the charity. In thè year to 315t March 2021, this was valued as the residual amount of the previously combined enlty, so as lo be prudent. As al 31st March 2023 the trustees believe that there is now sufficient reason lo believe that signrficantly more substantial economic benefrts will flow from thi5 35set, and havo revalued the asset aOrdInglY as al the year end. The information used lo obtsin this valuation was kt)own al the year end dale. As at 31st March 2024 the trustees believe this 15 still the case. Direct Charltable Expenses Grants & Pensions payable are a¢Unted for on the accruals basis when approved by the Trustees. Liabilf(ies are recognised as resources expended as soon as there is a legal or constructive oblpalion committing the Charity lo the expenditure. All expenditure is accounte(I for on an accruals basis and has been clasSifd under headings that aggregate all costs related lo the category.
St Sepulchre (Flnsburyl United Charltles Notes to the Accounts for the year ended 31 March 2024 Inyestmonts Investments are slated * martet value al the balance sheet dale. The statement of financial activities includes the nel gains and losses arising on revaluations and disposals throughout the year. All investments are held in the UK and are held primarity to promde an investment retLsrn for the Charsty. Govemance Costs Governance costs include those costs associated wlh meeting the conststutional and statutory requirements of the Charity and costs linked to management of the Charity. Fund Accounting- detalls the funds andpOSe of each fund.. Capital Account this represents the original capital of the Charrty and accumulated grovAh, including rev8lualions and unroalised gains and losses on investments. There are no restrictions lo its use. and the Trustee5 try to maintain this al a level which wll generate sufficient income to cover annual expenditure. Incoma Account this represents accumulated income. less expendrture. The fund is primari used to meet Ihg annual expenditure and generate further income. Income Income is credited to the stslemenl of financial activities when the Charity has entitlement to the resources and lo the extent that the resources will be received. Charftable Actlvltles Grants payable are accounted for on the accruals basis when approved by the Trustees. Liabilities are Tecognisgd a3 resources when expended or as soon as there is a legal or constructive obligation committing the charty to the expenditure. Grants payable are payments made to third parties in the furtherance of the charrtable o*'¢¢tives of the Charity. The grants are charged in the year vthen formaliy awarded by the Charity and communicated to the recipient irrespective of Ihg period covered by the grant as they are regardod by the Trustees as financial obligations. Annual grants are payable lo beneficiarEs on a quarterty basis and are reviewed annual by the Trustees. The annual grants are at the discretion of the Trustees and therefore ar8 provided as they accrue.
St Sepulchre (Flnsbury) United Charltleg Notes to the Accounts for the year ended 31 March 2024 2 F5xod assets and current assets- investment proporty $t¢>n0hou8• F•rn- Familand and Cotlag 2024 2023 ¢hirt•rhou¥o Stro8t Fixed assets Total Total Valuation Al 1 April 2023 Al 31 March 2024 1,135.000 1,135.000 1,875,000 1,875.000 3,010,000 3,010,000 3,010.000 3,010.000 Depreciation Al 1 April 2023 Al 31 March 2024 Net book value Al 31 March 2024 1.135.000 1,875.000 3.010.000 3,010,000 At 31 March 2023 1,135.000 1,875.000 3,010,000 3.010,000 2024 2023 Stonghous• F4nn Bulldlrbg8 CuThent assots Total Total Valuation At 1 April 2023 Revaluation Al 31 March 2024 1,200,000 504,535 1,704.535 1.200,000 504,535 1,704.535 555,000 645.000 1200,000 Depreciation Al 1 April 2023 Surplus on revaluation Al 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 1,704,535 1,200,000 1.704.535 1,200,000 1,200,000 555.000 Details of the propety revaluations are disclosed in note 1 {Fixed Assets and Current Assets Investment Property). The charty has held the properties for many years and the historic costs are not available. 11
St Sepulchre IFlnsbury) Unlted Charitles Notes to the Accounts for the year ended 31 March 2024 3 Fixed as$èts- oquty invaslmonts Common Investment Fund (COIF) 2024 Total 2023 Total Valuation Al 1 April 2023 Revaluation 23.083 2.120 23,083 2.120 24,310 {1,2271 At 31 March 2024 25,203 25,203 23,083 The cost of the Common Investment Fund (COIF) was not known due to being combined wlh the JP Morgan Fund. However r( was eslimaled wf(h reference lo market values at £13.206. The shareholding of the COIF Fund as al 31st March 2024 was 1,233.44 Shares. 4 Debtors 2024 2023 Rent ieceivable Other debtors 1,603 17.165 24,869 18.768 24,869 S Crndltoys: amounts falling due within ong ygar 2024 2023 Grants approved bul not yel paid Tenancy deposit V.A.T. other creditors Accountsncy Fees- current year Independent Examiner's Fee Rent Prepaid 32,453 9,750 9,360 2,491 2,160 1,260 30,325 14.136 9,750 9,962 402 2,076 1,260 28,814 87.799 66.400 6 Unrejtricted capital fund 2024 2023 At 1 April 2023 Gain on revaluation of land and buildings Gainlllossl on revaluation of gquity investments Inter account Iiansfers 4.233,083 504,535 2,120 3,589,310 645,000 11,2271 At 31 March 2024 4,739.738 4,233,083 12
St Sepulchre {Flnsburyl United Charities Notes to the Accounts for the year ended 31 March 2024 7 Unrestrlcted Income fund 2024 2023 At 1 April 2023 Nel incoming resources for the year Inter account transfers 619,582 34,628 582,495 37,087 Al 31 Mah 2024 654.210 619,582 e Analy$ls of Investment Income stonèhou F•rm & Cott¥gos 2024 Chart•thoui• Property income Inotg 171 Rents recewable 104,000 29,900 133,900 Equty investment income Common InstMent Fund 100% Distributn$ r1Vable 672 672 SEB Wayleave incorne Power Networks Income receivable 516 516 135.088 9 Anatysl$ of Inv•stmenl Income 117 Ch•rtèrhou Str•èt 8trn•hou80 Farm & CoitgB 2023 Property income (note 171 Rents receivable 104,000 28,475 132,475 Equity invastment incom8 Common Invt$tment Fund 100% Distributions re1Vable 672 672 SE8 Wayl•ave incomg Power N•tworks Inccffle rec8ivabl& 516 516 133,663 13
St Sepulchre (Finsbury) United Charitles Notes to the Accounts for the year ended 31 March 2024 10 EXndtUrn on charttabl• actlvltles 2024 Actlvltl•8 Unrtaken Dlr•etty Grnnt Glvlng Actyvtt188 Support Costs Total Quarter PensKJns Grants lo Indiwduals Grants lo Organisations 12.2¢)0 41.957 17,250 192 661 272 12,392 42,618 17,522 71,407 1.125 72.532 11 Expendlture on charltable actlvltles 2023 Actlvltl Undertaken Directly Grant Glvln9 Activities Support Total Quarter Pensions Grants to Indiwduals Giants to Organi$alions 16.475 40.413 12.500 307 752 233 16,782 41,165 12,733 69.388 1,292 70,680 12 Analysis of $upport costs 2024 2023 Printing. postage & slalionery Travel & 5L+bsi8tence Bank charges 177 108 1,125 337 115 1.292 13 Cost of g•neratlng funds 2024 2023 Repairs Gas. electric and rates Insurance Mana9ement fees Legal and professional fees (see note 18) 15,173 4.459 4,572 13,334 14,495 52,033 6,459 2,688 4,103 14,622 9,345 37,217 14
St Sepulchre (Finsbury) United Charltles Notes to the Accounts for the year ended 31 March 2024 14 Govemance costs 2024 2023 Legal and professional fees Isee note 181 Independent examiner'$ lee Accountancy fees Clerk's fee 462 1,200 2,180 6.240 10.062 1,200 2,076 6,240 9,516 15 Trust••s' rttmuneration and oxpenses The trustees are not remunerated and claimed expenses of £177 in the year12023- £3371. 16 Anatysis of net assets by fund 2024 2024 2024 2023 Capitsl Account Income Account Totsl Total Fixed Assets 3.035,203 3.035.203 3.033.083 Current Assets 1,704.535 742,009 2,446,544 1,885,982 Current LIabilitS {87,799} (87,7991 166.400) Total 4,739,738 654,210 5,393,948 4,852.665 17 Anafysis of property Incomè 2024 2023 Total Total 117 Chartorhouse street Ground and Basement Floor First, sOnd and Thiid Fh)01 65.000 39,000 104,000 65.OCKI 39,000 104,000 Ston¢house Farni Fam Land 1 Slonehorse Cottage White Cottage 8,000 10,200 11,700 29.900 8.000 9,600 10,875 28,475 15
St Sepulchre (Finsbury) United Charltles Notes to the Accounts for the year ended 31 March 2024 18 Legal and professional fees 2024 2023 The legal and professnal fees for the years ended 31 sl March 2023 and 31st March 2024 related to the following.. Cost of generating funds (note 13) Stonehouse Fami development C05tS Other 14,495 9,345 14,495 9,345 Governancg costs (not• 14) Other 462 462 14,957 9,345 19 Post Balanco Sheet Date Events Al the date of this report. the charity has completed the sale of the farmhouse, barns and oast house subsequent lo the yèar end. The funds relating lo this received prior lo the signing of the accounts amounted to over £1.7million. The fund6 have been placed on deposit, until suitsble investments are idenlified. 16
St Sepulchre (Finsbury) Unlted CharSties Statement of Flnan¢lal Actlvities for the year ended 31 March 2024 This pag8 is for the infonnalion of the tr(Jst6es onlyafld do8s not fomipartollhg fina181$191ernents 2024 2024 2024 2023 Unrestricted UnStricted Unrestricted Unrestricted Income Capitsl Total Totsl Fund Fund Funds Funds Incoming resources Voluntary income Donations 8.800 8,800 8,800 Investment income Property letting incom¢ Income from equity investments Bank deposit inlefesl 120,566 672 25,367 120,566 672 25,367 117.853 672 12,037 OlherAncoming resources S.E.B. Waeave payTnenls 516 516 516 Total incomlng rnsourceG 155,921 155,921 139.878 Ro$our¢•$ expendod Charitable activities Quarterly pensions Grants to individual8 Grants to organisalions Printing, postage & stationery Travel & subsistence Bank charges 12,200 41,957 17,250 12.200 41,957 17.250 16,475 40,413 12,500 177 108 72.532 177 108 72.532 337 115 70,680 Governance costs Legal and professional fees Independent examiner's fee Accountancy fees Clerk's fee Repairs Gas, electric and rates Insurancg 14,957 1,200 2.160 6,240 15.173 4,459 4.572 48,761 14,957 1.200 2.160 6,240 15,173 4,459 4.572 48.761 9,345 1,200 2,076 6,240 6.459 2,688 4.103 32,111 Total resources •xpendod 121,293 121,293 102.791 Net incomlng resources for the year 34,628 34,628 37,087 17
St Sepulchre {Finsbury) United Charities Statement of Financial Activities for the year ended 31 March 2024 This pag6 is lor the infom7ation of the trustaes onlyar doas not fomp8rtofthe fin8nciolst8tements 2024 2024 2024 2023 Unrestricted Unrestricted Unrestre Unrestricted General Capital Total Total Fund Fund Funds Funds Unrealised gain on revaluation of freehold land and buildings Unrealised Igainlnoss on revaluation of equity investrnents Realised gain on revaluation of freehold land and buiklings Realised gain on revaluation of equity investments Inter account transfers 504.535 504,535 645.000 2,120 2.120 11,2271 Net movement in funds 34,628 506.655 541,283 680,860 Total funds brought forward Total funds carrted forward 819,582 654.210 4.233,083 4.739,738 4,852,665 5,393.948 4,171.805 4,852.665 There were no recognised gains or losses for 2023 or 2024 other than those included in the ststemenl of financial activities. None of the Chartys aclmlies were acquir or discontinued in the above two financial years. 18