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
qualifi￿tiOnS 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 reC￿ve 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 CommisS￿n'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 beI￿v9
that maintaining reserves at current levels combined with on annual revi￿ of the controls over key
financial systems wll provido Suf￿lent 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 e￿￿nineTS 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 $uilable accounting policies and appty them consislentty.
Observe the Methods and principles in the Ch8rrties SORP.
Make judgements and estimates that are reasonable and prudent.
Stsle whether applicable accounting standards and slalements of recommended prath'ce have
been followed, subject lo any material departures di￿10$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 Char*ty 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 disseminat￿n of the financial st*ements 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
reqUI￿d 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 car￿d 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 a￿rUed 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 a￿OuntS 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 fO￿ard
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 In￿Me 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 prOfesS￿n31￿ ￿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 tenanC￿S 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 a￿OrdInglY 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 clasSif￿d 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 andp￿￿OSe 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 Ma￿h 2024
654.210
619,582
e Analy$ls of Investment Income
stonèhou
F•rm &
Cott¥gos
2024
Chart•thoui•
Property income Inotg 171
Rents recewable
104,000
29,900
133,900
Equty investment income
Common
In￿stMent
Fund 100%
Distribut￿n$ r￿1Vable
672
672
SEB Wayleave incorne
Power
Networks
Income receivable
516
516
135.088
9 Anatysl$ of Inv•stmenl Income
117
Ch•rtèrhou
Str•èt
8tr*n•hou80
Farm &
Coit*gB
2023
Property income (note 171
Rents receivable
104,000
28,475
132,475
Equity invastment incom8
Common
Invt$tment
Fund 100%
Distributions r￿e1Vable
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 EX￿nd￿tUrn on charttabl• actlvltles
2024
Actlvltl•8
Un￿rtaken
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 LIabilit￿S
{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, s￿Ond 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 profess￿nal 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 fina￿181$191ernents
2024
2024
2024
2023
Unrestricted Un￿Stricted Unrestricted Unrestricted
Income
Capitsl
Total
Totsl
Fund
Fund
Funds
Funds
Incoming resources
Voluntary income
Donations
8.800
8,800
8,800
Investment income
Property letting incom¢
Income from equity investments
Bank deposit inlefesl
120,566
672
25,367
120,566
672
25,367
117.853
672
12,037
OlherAncoming resources
S.E.B. Wa￿eave payTnenls
516
516
516
Total incomlng rnsourceG
155,921
155,921
139.878
Ro$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 Unrestr￿e￿ 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