Registered number
213312
St Sepulchre (Finsbury) United Charities
Report and Unaudited Accounts
31 March 2025
Smithfield Accountsnts LLP
Chariered Accountants
Suite 1, Unit 2. Stansted Courtyard
Parsonage Road, Takeley, Essex, CM22 6PU

St Sepulchre (Finsbury) United Charities
Registered number:
213312
Trustees, Report
The Trustees present their report and accounts for the year ended 31 March 2025.
Legal Status
The Charity is govemed by the Scheme of 1 Oth July 1973, which fomis the rules and regulations of
the Charity. as amended by vanous later Schemes approved by the Charity Commission. The
appointment and proceedings of the Trustees are deali wrth in the Schemes, which also set out the
qualifications required. There is no formal training given to Trustees, but all Truslees are given a
copy of the Schemes on appointment, so that they are familiar with their duties and obligations.
Method of Recruitment of Trustees
The Trustees are appointed by recommendation of the existing Trustees.
Objectives
The objects of the charities are the relief of persons resident in the area of benefit who are in need,
hardship or distress.
The trustees may relieve such persons in need by..
a. Making grants of money to them., or
b. Providing or paying for goods, services or facilities for them- or
c. Making grants of money to other persons or bodies vtho provide goods, services or facilities to
those in need.
The area of benefit includes..
a. The Ecclesiastical Parish of St Sepulchre (as in 1912)
b. The fomier Metropolttan Borough of Finsbury
Organisation and Decision Making
The Trustees delegate the day to day responsibilty of achieving the Charitys objectives to the clerk
and the staff of Smithfield Accountants LLP who administer the day to day transactions and
maintain the books and statutory records, and the Trustees, who makes decisions on grants and
pensions. The Trustees regularly meet to review these adtvrties and make decisions as to the
strategic direction the Charty should take, and communicate this to those responsible for delivery.
Review of Activities and Achievements
The Trustees are pursuing ways of increasing distributions from income including supplementing
the beneficiary base from which payments rAn be made. The distributions have in the past been
governed primarily by the number of pensioners to whom the Charity can make payments, but the
Charity is now Collaborating with the Cripplegate Foundation and London Borough of Islington to
make grants to qualtying individuals in addition to the payrnent of pensions. This is resulting in a
greater distribution of funds to qualifw-ng recipients.
The Charity approved the Pa￿nent of srx grants (2024 - fwe grants) to organisations operating
within the catchment area during the year. totalling £35.800 {2024- £17.250). The Charity deals
directly wf(h the organisations for these grants, and one of the trustees will vistt each of the
organisations after grant has been approved.

st Sepulchre (Flnsbury) United Charities
Registered number:
213312
Trustees, Report
Financial Review
The Charity made a surplus of £96,767 before gainsl{losses) after making charitable payments of
£84,055. That surplus has been added to the Accumulation Income from previous years.
At the year end, the Charity had reserves of £5,491.228, of which £4.723,528 are capital funds
representing the charrtVs long term investments.
Future Plans
The Charty intends to continue raising income from property letting and distributing funds to rts
beneficiaries in the same VRY going forward.
The Charity is to look actively into equty investment with an investment manager so as to expand
its portfolio and increase its income, so that it can increase its level of benefrt and number of
recipients.
It also plans to maintain and grow capital via the investments.
An arrangement has been entered into, with Cripplegate Foundation, whereby they and
their partners will find and vet prospective applicants and put them ft)rward to re￿1ve the annual
grant that the charity awards. It is hoped that a further 37 applicants will be found in this way, by the
next accounting year end.
At the year end date, the charty had made an application to expand ts area of benefrt to include the
entire London Borough of Islington, so that it is able to provide assistence to a greater number of
beneficiaries. The trustees are keen to ensure that exiskn'ng beneficiaries will not be affected by this
Ghange.
Public Benefrt Statement
Having due regard to the guidance published by the Charity Commission on Public Benefit, the
Trustees are of the opinion that the Charity continues to provide benefrts to the persons residing or
fomerly employed in the Ecclesiastical Parish of St. Sepulchre or the fomier Metropolitan Borough
of Finsbury by way of grants or pensions.
Investment Powers and Policy
The Trust Deed authorises the Trustees to make and hold investments using the general funds of
the Charity.
The Charws fundamental investment policy over the long term is to maintain the real value of
capital.
Equity Investment Accounting Policy
In order to comply with the Charity Commission's Accounting and Reporting by Charities.. Statement
of Recommended Practice (SORP). the trustees are including investments at Market Value. This
has resulted in an unrealised loss of £16.210 on listed investments. The accounts have been
prepared so that they accord wth best practice as recommended by the SORP.
Principal Funding Sources
The principal source of funding for the Chanty is the income on its investments. which are principally
rents, supplemented by investments in managed funds and bank deposits. The Charty also
receives regular grants from The Henry Smith Chanty.

St Sepulchre (Finsbury) United Charities
Registered number:
213312
Trustees, Report
Reserves Policy
At the present lime, the Charity retains sufficient reserves to meet all its obligations for at least one
year.
Risk Management
The TrUSt￿S actively review the major risks which the chartty faces on a regular basis and believe
that maintaining reserves at current levels combined with an annual review of the controls over key
financial systems will provide SuffI￿ent resources in the event of adverse conditions.
Freehold Property Revaluation
A professional valuation of 117 Charterhouse Street as at 31st March 2021 was obtained. In the
opinion of the trustees, this valuation has not substantialty changed since this date. Stonehouse
Farm was professionally valued during the year to 31st March 2015. The Open Market Value at
those dates is shown in the accounts.
In line with the Financial Reporting Standard, tt is the charitys policy to considerthe need to revalue
at each year end, revaluing where they consider that there is a material change in value from the
last valuation. instructing professional valuations where necessary.
In the prior year, Stonehouse Fami was Considered as two separate parts.
The first part. which is retained at the current year end and is intended to be retained going fomard,
is a fixed asset. This was revalued by the trustees at 31 st March 2022 using their knowledge of
current market rates. The trustees believe this valuation is still valid as at 31st March 2024 and 31 st
March 2025 as the existing tenancies are still in place.
The second part is a current asset, being the part which is to be sold by the charity. In the year to
31st March 2021, this was valued as the residual amount of the premousty combined entty, so as to
be prudent. As at 31 st March 2023 the trustees believe that there is now sufficient reason to believe
that significantly more substantial economic benefits will flow frorn 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. As at 31st March 2024 the trustees believed this Is still the case. This asset VMS sold
during the year to 31 st March 2025 for its 31st March 2024 Balan￿ Sheet value.
Grant Making Pollcy
The constitution gives the Trustees the right to give grants to successfvl applicants hawng fulfilled
all conditions stipulated for such grants. All grants are made to persons residing or formerly
employed in the Ecclesiastical Parish of St. Sepulchre or the fomier Metropolrtan Borough of
Finsbury, or to other organisations or institutions for such persons.
Independent Examiner
FJM Accountancy Ltd was appointed as independent examiners during the year and. being eligible,
offered themselves for future re-appointment.
Post Balance Sheet Date Events
At the date of this report. the charity has invested an additional £1 million in equity investments,
managed by an investment manager.
The charty is reviewing a potential land disposal. At the date of this report, the disposal remains
speculative and the potential financial benefit cannot be accurately measured. The land has
therefore not been moved to stock.

St Sepulchre (Finsbury) United Charities
Registered number:
213312
Trustees. Report
At the date of this report. the application lo expand the area of benerrt to also include the entire LB
Isington was confirmed to be Suc￿sful by the Charity Commission.
Prior year adjustment
In the prior year, some grants to indtwduals were awarded to indtviduals who did not meet the
charity's geogrpahical criteria. This has been amended and the accounts have been reststed. The
trustees would draw the userfs attention to note 19.
Statement of the Trustees, Responsibilities
The Trustees are responsible for preparing the Trustees. Annual report and the accounts in
accordance wth the applicable law and United Kingdom Accounting Standards (United Kingdom
Generalty Accepted Accounting Pwtice).
The law applicable to charities in England and Wales require the Trustees to prepare financial
statements for each financial year which give a true and fair view of the financial activities during the
year and of the financial posrtion at the end of the year. In preparing those financial statements, the
Trustees are required to:
Select suitable accounting policies and apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have
been foll0v￿. subject to any material departures disclosed and explained in the financial
statements.. and
Prepare the financial statements on a going concern basis. Lsnless it is inappropriate to assume
the Charity wll continue in operats'on.
The Trustees are responsible for keeping proper accounting records, vthich disclose wrth
reasonable accuracy the financial position of the Charity and enable them to ensure that the
financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and breaches of law and regulations.
The Trustees are responsible for the maintenance and Integrty of the charty and financial
information Included on the Charitys websrte. Legislation in the United Kingdom governing the
preparation and dissemination of the financial statements may differ from legislation in other
iurisdictions.
This report was approved by the board on 2 September 2025 and signed on rts behalf.
D Sandell
Chairman

St Sepulchre (Finsbury) United Charities
Charity Information
Trustees
The Mayor of Islington
D Sandell (Chairman)
J Trotter
R Hussein
E Poli
R Harvey (appointed 20.11.2024)
Councillor P Graham
Councillor B Mackmurdie
Clerk
Simon Poli
Accountants
Smrthfield Accountants LLP
Suite 1, Unit 2, Stsnsted Courtyard
Parsonage Road, Takeley, Essex, 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 Bishopsgate
London EC2N 3AQ
Clydesdale Bank PLC trading as Virgin Money
5 Lockey House
1 St Peter's Street
St Alban's AL13LP
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton NW3 6NW
Investment Advisers & Portfolio Nominee Account Holders
CCEA Investment Management Ltd
Senator House
85 Queen Victoria Street
London EC4V 4ET
Registered office
Suite 1, Unit 2, Stansted Courtyard
Parsonage Road, Takeley, Essex. CM22 6PU
Registered charity number
213312

Independent Examinerfs report to the Trustees of St Sepulchre (Finsbury) United
Charities
I report to the Trustees on my examination of the accounts of St. Sepulchre (Finsbury) United Charities
(the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
The Charitys Trustees are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charikn'es Act 2011 (the Act). The Charitys Trustees consider that an audit is not
required for this year under Section 144(2) of the Act and that an independent examination is needed.
I report in respect of my examination of the charitys accounts on pages 6 to 16 carfied out under section
145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Direction5
given by the Charity Commission under section 145(5)(b) of the Acl.
The Charity is preparing accrued accounts and l am qualified to undertake the examination by being a
qualified FMAAT.
Independent Examinerfs Statement
I have completed my examination. I confirm that no matertal matters have come to my attention in
connection with the examination which gives me cause to believe that in. any material respect-
the accounting records were not kept in accordance with section 130 of the Charities Act,. or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the fomi and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a Irue and fairf view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connectK)n with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
J M¢Dowell FMAAT
FJM Accountancy Ltd
23 Shackleton Court
2 Maritime Quay
London
E14 3QF
2 September 2025

st Sepulchre (Finsbury) United Charities
Statement of Financial Activities
for the year ended 31 March 2025
2025
2025
2025
2024
Unrestricted Unrestricted Unrestricted Unrestricted
Income
Capital
Total
Total
Fund
Fund
Funds
Funds
Incoming resources
Investment income (note 8)
Bank deposit interest
Voluntary income
136,616
81.370
7,300
136,616
81,370
7,300
135.088
25,367
8,800
Total incoming resources
225.286
225,286
169,255
Resources expended
Charitable actimties (Noles 9 and 10)
Cost of generating funds (Note 12)
Governance costs (Note 13)
89.714
28,965
9.840
89.714
28.965
9,840
55,809
52,033
10,062
Total resources expended
128.519
128,519
117,904
Net incoming resources for the
year
96.767
96,767
51,351
Gain on investment property (note 2)
(Loss)Igain on equty investments
(note 3)
Inter account transfers
504,535
(16,210)
(16,210}
2,120
Net movement in funds
.767
16,210
80,557
558,006
Reconciliation of funds
Total funds brought forward
Total funds carried forward
670,933
767,700
4,739,738
4,723,528
5,410,671
5,491,228
4,852,665
5.410,671
There were no recognised gains or losse5 for 2024 or 2025 other than those included in the
statement of financial activities.
None of the Charitys activrties were acquired or discontinued in the above ￿ financial years.

St Sepulchre (Finsbury) United Charities
Registered number:
213312
Balance Sheet
as at 31 March 2025
Notes
2025
2024
Fixed assets
Investment property
Equity investments
3,010.000
308,993
3.318.993
3,010.000
25,203
3,035,203
Current assets
Investment property - Stonehouse
Farm Buildings
Debtors
Cash at bank
1,704,535
18.768
723,241
24,862
2,223,413
Current assets total
2,248,275
Creditors: amounts falling due
within one year
(76,040)
(71,076)
Net current assets
2.172,235
2,375,468
Net assets
5,491.228
5,410,671
Charity funds
Unrestricted capital fund
Unrestricted income fund
4,723,528
767,700
4,739,738
670,933
Charity funds
15
5,491,228
5,410,671
The accounts were approved by the board on 2 September 2025 and signed on its behalf.
D Sandell
Chairman
Approved by the board on 2 September 2025

st Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Accounting Convention
The financial statements have been prepared in accordance wrth the chariws trust deed, the
Charities Act 2011 and "Accounting and Reporting by Chartties. Ststement of Recommended
Practice applicable to charities preparing their accounts in accordan￿ V￿th the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effecttve 1 January 2019)"
St Sepulchre (Finsbury) United Charities meets the definition of a public benefrt entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notes.
The trustees consider that there are no material uncertainties about the Chartws ability to continue
as a going concern.
Depreciation
No provision is made for depreciation of freehold buildings as they are considered to be
investments.
Fixed Assets And Current Assets- Investment Pmperty
117 Charterhouse Street was professionally revalued by Chartered Surveyors on the open market
value basis at 31st March 2021. The trustees believe this valuation is still accurate.
117 Chartèrhouse Street, London, EC1 M 6M by Messrs,. Robert Wilson FRICS, hb Surveyors &
Valuers Ltd - £1.875,000 - subject to existing tenancies.
stonehouse Fam VRS last professionally revalued during the year ended 31 st March 2015. The
trustees did not wish to professionally revalue the fami at the year end.
Stonehouse Fami, Frindsbury, Rochester. Kent by Messrs.. J.S. Calcutt (FRICS FAAV). Complete
Land Management- £1,690,000 - subject to existing tenancies as at 31st March 2015.
In the prior year, Stonehouse Farm was considered as two separate parts.
The first part, whiGh is retained at the current year end and is intended to be retained going
forward, is a fixed asset. 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 31 st March
2024 and 31 st March 2025 as the existing tenancies are still in place.
The second part is a Current asset, being the part which is to be sold by the charity. In the year to
31st March 2021. this was valued as the res￿Ual amount of the previously combined entity, so as
to be prudent. As at 31st March 2023 the trustees believe that there is now sufficient reason to
believe that significantly more substantial economic benefits will flow 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. As at 31st March 2024 the trustees believed this is still the case.
This asset was sold during the year to 31st March 2025 for its 31 st March 2024 Balance Sheet
value.

St Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
Direct Charitable Expenses
Grants & Pensions payable are accounted for on the accruals basis when approved by the
Trustees. Liabilities are recognised as resources expended as soon as there is a legal or
constructive obligation commrtiing the Charity to the expenditure. All expenditure is accounted for
on an accruals basis and has been classtfied under headings that aggregate all costs related to
the category.
Investn7ents
Investments are stated at market value at the balance sheet date. The statement of financial
activities includes the net gains and losses arising on revaluations and disposals throughout the
year. All investments are held in the UK and are held primarily to provide an investment return for
the Charity.
Govemance Costs
Governance costs include those cosls associated with meeting the constitutional and statutory
requirements of the Charity and Costs linked to management of the Charity.
Fund Accounting- details the funds andpurpose of each fund.-
Capital Account this represents the original capttal of the Charity and accumulated growth,
including revaluations and unrealised gains and losses on investments. There are no restrictions
to its use, and the Trustees try to maintain this at a level which wll generate sufficient income to
cover annual expendrture.
Income Account - this represents accumulated income, less expenditure. The fund is primarily
used to meet the annual expenditure and generate further income.
Income
Income is credited to the statement of financial activities when the Charty has entitlement to the
resources and to the extent that the resources will be received.
Chaiytable Activities
Grants payable are accounted for on the accruals basis when approved by the Trustees.
Liabilities are recognised as 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 charitable objectives
of the Charty. The grants are charged in the year when formal￿ awarded by the Charty and
communicated to the recipient irrespective of the periryj covered by the grant as they are regarded
by the Trustees as financial obligations.
Annual grants are payable to beneficiaries on a quarterly basis and are reviewed annualty by the
Trustees.
The annual grants are at the discretion of the Trustees and therefore are provided as they accrue.
10

St Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
2 Fixed assets and current assets - Investment property
Stonehousg
Fami -
Farmland and
Cottages
2025
2024
Chartefrthou5e
Street
Fixed assets
Total
Total
Valuation
At 1 April 2024
At 31 March 2025
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
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
1.135.000
1.875,000
3.010,000
3,010,000
At 31 March 2024
1,135,000
1,875,000
3,010,000
3,010,000
2025
2024
Stonehousg
Fami Buildings
Current assets
Total
Total
Valuation
At 1 April 2024
Revaluation
Disposals
At 31 March 2025
1.704,535
1,704,535
1,200,000
504.535
{1,704,535) {1,704.535)
1,704.535
Depreciation
At 1 April 2024
Surplus on revaluation
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
1,704,535
1,200,000
1.704.535
1,704,535
Details of the property revaluations are disclosed in note 1 (Fixed Assets and Current Assets
Investment Property).
The charity has held the properties for many years and the historic costs are not available.
The charity disposed of the Stonehouse Fami Buildings in the year to 31 st March 2025 at their
Balance Sheet value as at 31st March 2024. The unrealised gain become a realised gain at this
point. and there vrfas not net affect to the bottom line of the Statement Of Financial Postion.

St Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
3 Fixed assets - equity investments
Common
Investment
Fund {COIF)
2025
Total
2024
Total
Valuation
At 1 April 2024
Additions
Revaluation
Disposals
25,203
300,000
(16,210)
25,203
300,000
(16.210)
23,083
2.120
At 31 March 2025
308,993
308,993
25,203
The cost of the Common Inveslment Fund (COIF) was not known due to being combined with the
JP Morgan Fund. However it was estimated wrth reference to market values at £13,206.
The shareholding of the COIF Fund as * 31st March 2024 was 1.233.44 shares.
During the year to 31st March 2025 14,628.081 shares were purchased for £300,000.
The shareholding of the charity as at 31st March 2025 was 15,861.521. Assuming the estimate for
the historic shareholding is correct, the cost of these is £313,206.
4 Debtors
2025
2024
Rent recetvable
Other debtors
9,750
15,112
1,603
17,165
24,862
18,768
5 Creditors: amounts falling due within one year
2025
2024
Grants approved but not yet paid
Tenancy deposit
V.A.T.
Other credttors
Accountancy Fees
Independent Examinerfs Fee
Rent Prepaid
24.800
9,750
7,410
927
2.220
1,200
29.733
15.730
9,750
9,360
2,491
2.160
1,260
30.325
76,040
71,076
12

st Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
6 Unrestricted capitsl fund
2025
2024
At 1 April 2024
Gain on revaluation of land and buildings
(Loss}Igain on revaluation of equity investments
Inter account transfers
4,739.738
4,233,083
504,535
2,120
{16.210)
At 31 March 2025
4,723,528
4,739,738
7 Unrestricted income fund
2025
2024
At 1 April 2024
Net incoming resources for the year
Inter account transfers
670,933
96.767
619,582
51,351
At 31 March 2025
767,700
670,933
8 Anatysis of investment income
2025
2024
Property income
Rents receivable
135,931
134,416
Equity investment income
Distributions receivable
685
672
136,616
135,088
9 Expenditure on charitable activities
2025
Adivities
Undertaken
Directy
Grant Glving
Activities
Support
Costs
(note 11)
Total
Quarterly Pensions
Grants to Individuals
Grants to Organisations
14,300
33,955
35,800
3,867
18,167
34,819
36,728
928
84,055
5,659
89,714
13

St Sepulchre {Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
10 Expenditure on charttable activities
2024
A¢tivities
Undertaken
Directy
Grdnt Giving
Activities
Support
Costs
(note 11)
Total
Quarterty Pensions
Grant5 to Individuals
Grants to Organisations
12.200
25,234
17.250
248
517
360
12,448
25.751
17,610
54,684
1,125
55,809
11 Analysis of support costs
2025
2024
Legal and professional fees (see note 17)
Printing, postage & stationery
Travel & subsistence
Bank charges
4,340
299
156
5,659
177
108
1,125
12 Cost of generating fund5
2025
2024
Repairs
Gas. electric and rates
Insurance
Management fees
Legal and professional fees (see note 17)
6,555
2,478
3,136
13,526
3.270
28,965
15,173
4,459
4,572
13,334
14,495
52,033
13 Governance costs
2025
2024
Legal and professional fees (see note 17)
Independent examinerfs fee
Accountancy fees
Clerk's fee
462
1,200
2,160
6,240
10.062
1,140
2,220
8,480
9,840
14 Trustees, remuneration and expenses
The trustees are not remunerated and claimed expenses of £299 in the year {2024 - £177).
14

st Sepulchre (Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
15 Analysis of net assets by fund
2025
2025
2025
2024
Capital
Account
Income
Account
Total
Total
Fixed Assets
3.318.993
3,318,993
3,035.203
Current Assets
1,404,535
843,740
2,248,275
2,446,544
Current Liabilities
(76,040)
(76.040)
(71,076}
Total
4,723.528
767.700
5.491.228
5,410,671
16 Analysis of property income
2025
2024
Total
Total
117 Charterhouse StTret
Ground and Basement Floor
First, Second and Third Floor
65.000
39,000
104,000
65,000
39,000
104,000
Stonehouse Farn)
Farm Land
1 Stonehorse Cottage
2 Slonehorse Cottage
2 White Cottage
7.500
10,600
500
12,800
31.400
7,500
10,200
500
11,700
29,900
15

St Sepulchre {Finsbury) United Charities
Notes to the Accounts
for the year ended 31 March 2025
17 Legal and professional fees
2025
2024
The legal and professional fees for the years ended 31 st March
2024 and 31st March 2025 related to the following=
Support costs {note 11)
Grant administration and expansion of benefrt supplied
4,340
4.340
Cost of generating funds (note 12)
Stonehouse Farm development costs
Other
3.270
9,345
3,270
9,345
Governance costs (note 13)
Other
462
462
7,610
9,807
18 Post Balance Sheet Date Events
At the date of the approval of accounts, the charity has invested an addrtional £1 million in equity
investments, managed by an investment manager.
At the date of the approval of accounts, the application to expand the area of benefft to also
include the entire LB Isington was confimied to be successful.
19 Prior year adjustment
In the prior year, there were grants awarded to beneficiaries which did not meet the charitys
geographical crrteria. This was not know at the date of approval of the accounts. This caused the
grants fo individuals expense and the grants awarded creditor to be overstated by £16.723 in the
prior year.
The comparative figures have been ￿stated as if the error had never occured.
16