RKGISTERED CEtARITY NUMBEIL. 244321 TRUSTEES, REPORT AND FINANCIAL STATEMENrs FOR THE YEARENDED 31 DECEMBER1024 FOR THE COMMUNITY OF ST ANDREW Collard5 Chaner¢d AccounlHn StaN￿)ry Auditor 5.9 Eden Sire Kin8sion-upon-Thamts SutTey KTI IBQ THE COMMUNITY OF ST ANDREW CONTEf4TS OF THE FINANCIAL STATEMENIS FOR THE YEAR ENDED 31 DECEMBER 2024 Rèferettee *nd Adnththtridve Det411 TnLittr3' Report Ryrtof tb¢ IJdepeDdent Audlto 5tstemtniof FIDgDdal Aedrfl B*lADce SI￿¢ Not# to the FIMDclal Stht•mtnts Det•ll¢d SlateJThellt of FID￿¢1•1 Aetlbltl 14 THE COMMUNITYOF ￿ ANDREW REFEREf4CE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES The R¢vd. Ca￿n FJLWinfi¢Jd DL DD c￿1r Mr N Lines TheRe¥d.GMB Th¥ Revd. M C Harri8 SKs¢¢rA Taylor Ire*8noJ 6.1 1.241 Mrs M J 141th9￿lS C {appoinid 6.11.241 P￿NcIPAL ADDRKSS 2 Sione Buildsngs Lincoln'5 Twi London WC2A 3TH REGISTEB£D CHARJTY NUMBER 244321 INDEPENDEr￿ AUDTTORS C(>llaTds Chart¢r¢d Aetouniant8 s￿￿tory A￿li10r 5.9 Eden Sireei Kin8sion-uwn.Thames Surrty KTI IBQ THE COMMUNITY OF ST ANDREW TRUSTEES, BEPORT FOR THE YEAR ENDED 31 DECEMBER2024 The trustees present their report with the financial st￿e]￿ents of rhe chaTity for the year ¢nd¢d 31 Ikcember 2024. The In￿1¢¢$ have adopted th¢ PTovisioll8 of Accouning aNJ Reporung by Ctiariiiu.. Statement of Recommend￿ Prnctite appli¢8ble 10 d￿ritieS preparing Iheir accDunts in arcotdance with IhE FinaTKial Rewrting Siand3rd applicable the UK and Republic of Irel8]Ml IFRS 1021 leff￿tsVe l January 20191. OBJECTIVES AND ACTIVITIES OblectlvesaDd almg The work of the Community h&$ consisted of hvo 5*8nds histoti¢ally. TheTe was an active ministry in th¢ CbuT¢h Wh¢￿bY th¢ SisteTS lived in the comrnunity a￿lEVangel]sed G(xl's word Ihrou8h Ih¥T rninisty aThJ praul￿1 %rvic¢. Ih¢ Community u￿kn00k work in the Diocese ofLotthn. S#oNlly, lh¢ Community has always ¥uppK)rted oihu ch*iiLes, whose objects are in keeping with those of the ComTTrunity by maknn8 donathons 10 assist ch4rities wjy) Arr nDI 4s wcll PTDvidcd fvr. The Community of Sl AndrEW have rnade mBny substsmiial donaiions over many yeHr5. In 2023 the l•* m¢TDbtys of th¢ Community di￿ 8Th3 I1￿￿for¢ th¢ gaiv¢ mini&ty c8mc To an ¢Tra. However. the swrii of the Sistern L8 now kepl alive in Ihe fomi of charithble wvinB. ArrartBements ore in hond to lmtnd th¢ ¢On￿ltu￿ort of th¢ Community to r¢fl￿1 IhN¢ il is now a 8tatti makins kndy. P¥bll¢ btTheltt Wv have referred 10 the guidance of the Charity Commiwort's B¢rterHI Buidancc on publi¢ benefli when T¢ViWID8 our alin5 objectives and in planwTrB Out IbJtsre Ectivities. In partioAl•r th¢ trus¢Ky Consider how pl¥Jwrtd aciivities will Contribu￿ 10 Ihe gims aThJ obj¢ctives they have w. Thc work of the Sislu5 in ihc community dimini5hcd over th¢ years bur ce48•J entirely with the pa%sin8 of Ihe14si of the Siiiers Èn 2023. The charity is coniinuing 10 make granis to other churth or8aniuiion$ in fiJrthernnc¢ of the Eurr¢nt iims •ryJ obi¢thiv¢s of the Community of Armlrew as $¢1 out in these Ac¢ounts. ACHJEVEhiEIYT AND PERFORMANCE Cbarltiblt &(d￿de# Over the p¢nod under review, the Charity has been able ￿ 855isI several ch8ritie8 in fvrtherance of God's work And in particul8r the work of wDmen in the Church of England. The prDiEd$ to which ¢ontribuiion$ have bten rnade arc carefvlly rnonitor¢d to ¢n$ur¢ tha¢ the fvr¥Js are used in the Most eff£uivc FINAf4ciAL REVIEW FID•n¢lil poslth)D The capiial of the Community hgs built up over the years by Te8s0n of donations. The capital is Ihen usrd 10 Provide 1￿me which is lilistsl forthtdual purw)se$of yApprtlll8 the work of the Corrununity to make grnnls lo otherCI￿13b1¢ bodi¢5, Reserv￿ ￿)[￿Y reserves arc ￿present¢d by fix¢d a55eis, invcstm¢nls 4nd dcF¥)sii accoun¢4 and aR consjdered by Ihe TnJstees to be &dequ8lt for m&iThtainin8 the activity of the ¢haTity. Tht applicBlion of res¢Th¢s*re ¢on5id¢rc¢J by th¢Trus1￿5 on a r¢gulHrbasi5. STRvcfuRE. GOVERNANCE AND MANAGEMENT Covtrll1D¥dc*￿M*ttt Th¢ CTrtnmunity w85 ¢stablish￿ by J Tru51 D¢ed In 1861 and bm¢fi¢ial in￿rr* in proFty and investsnents held on Trust for it by Ihe Communiry of Si Andrew TTUSI, which has no ben¢fi¢ial itticresi in these assets. Rterultment*nd *ppolthth*ni tsf xtw truife Th¢ Bojrd of Dir¢uor5 coDEisls of the Siyt¢r5 aTrJ lay th￿te¢S who are 5cle¢tyJ from a vatiety of b8ckyDund5 includin8 mEThbErB of the clu8y, investsneni Managem￿1, law business. The con￿llUtIon of the Board is Eon5ider•J al ea¢h Afjm arKI 4ppropri81¢ ar￿ngeMents are to appoint a(tdittonal orreplKement trustecs when the nced arisgs. Ri¥lL mADHgernent The Trnsiees a¢iively review on a regular ba￿'S the major risks which the charity fxes. These iNElud2 financial risks, Health & Safety PTe¢aulions as well other0pBrgt￿￿￿ risks. STATEMENT OFTRUSTEES, RESPONSIBILfrIES The Thsices •Tt resp)nsible for pttparing the Trustres. Rcwrt and the financial statements 2ccord3nce with applicable law 3rMi United Kingdom Athxunting Standards (Utsted knngdom Gen¢rally Accepl¢d Acci)unttng PrgGric¢I including Financial ReporhTrg SiandaTd 102'Th¢ Fingnciai Rcp)rting Stand¥Jd appli¢abl¢ in th¢ UK and R¢publi¢ of Irtland.. Page 2 THE COMMUNITY OF ST ANDREW TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OFTRUSTEES, RESPONSIBILITIES-tond•Med The law appli¢able lo chaTities in England and Wolc8. the Chtnttts A¢1 2011. Chayity IAccouDtE and Rel￿ts) Regulations 2(K)8 the provi￿onS of the trust deed requires the tNsi¢es to prepAre fiJLqncial statements for each fiMnu81 yur which ￿ve a trne and fair view of the state of offairs of thc charity ￿ of the incoming resources llppliution of resources, including the income and expendiwre, of the chatity for ￿riOd. In prepArill8thosc financial slatcmenis, th¢ tnjstces rtqUiTed to select Mitable %countin8 ￿lIe￿iition of the charity Bnd to enable them to ¢t￿re that th¢ fina￿11] $tatements tomply with th¢ Chariljes A¢t 2011. the Chan'ty IAc£ounts aThl Rwrts) Regulilions 2(X)8 and th¢ provisi0T￿ of thE In￿1 deo& They aT¢ B150 Testthsible for safe￿￿ding th¢ ass¢ts ofthe charrity and h¢n¢¢ for1a￿n8 Tea50nablc ￿ep$ for th¢ pr¢vention AtKi deitction of fraud aThJ other iwlvitie& Approv￿ by ordcrofthtt¥)ard of hu5*es on 6 M4y 2023 •rnl si8twJ on its bthalf by.. The Revd. CarK*n PJL Winfi¢ld DL DD- Tnh8te4 Page3 REPORT OF THE INDEPEP4DENT AUDITORSTO THE TRUSTEE5 OF THE COMMUNITY OF ST ANDREW We have audit¢d th¢ financial siat¢m¢nts of The Communlty of Si AndT¢W Iihc '¢harity'l for the yearended 31 Decetnber 2024 whi¢h compris¢ th¢ Sial¢m￿l of Finan¢tal A¢tiwiie4 th¢ BalancE SheEt a￿j ￿¢<3 to the financial slatemenl4 Including a summary of gnificanl accounting wli¢i¢s. The financial r¢porhng framework ihal has b¢¢n applied in their prewation is applicable law United t&ngdom Accouniing Standards (United Kingdom Generally Accepted Accounting Prxticel indudins Fitjancial Reportin8 Standard 102 The Financial iieporting Siandard 4wIic7A>le Ihe UKand Republic of Irelarnl,. In ouropiniortihe financial statem&Jts'. ve a ITue t￿r view of the stste of thc ckn"ty's eff4ir5 as ai 31 De¢cmb¢r 2￿24 and of its incomin8 regoutces and application of re£ources, for (he year then ended: have bee￿ PToperfy prepared in accordan¢e with Unild Kingdom Gcnerally Acccptcd Accounting Pra¢ti¢e, including Fin*Kial Rewnjng Standard 102'Tr Fitvanci41 Reporting Siand•rd applicable in the UK and Repjblit of Irela￿j,. and havebeeTh prep￿￿ in *tordAnce wth the requirements of th¢ Chariti¢S Ath 2011. B4Jis for opiiion We cOt￿￿Cted our audii in ac¢ordan¢e with Iniernaiional S￿ndards on Audiiing IUKI IISAS (UK)) and applicable IAW. (￿r rr5ponsibililies u]￿ti those stond&Td5 are fiJrth¢r de5cribtd in th¢ AUdI￿r$, rcswnsibiliiie5 for th¢ audit of lh¢ fiThan¢ial sia¢cmenis ¢£uon of our rcrort. We arc ind¢F¢nd¢ni of the ch￿tty ITh ac¢othe wilh the ethical requirements that are re]ev3ni to ow Audit of the financial thatEmenis in the UK, including ihB FRC'5 Ethic81 s￿dard. ond w¢ hovc fvlfilled our olhtt ethic￿ rtsponsibiliiie4 in cordance with Ih¢se T4uir¢m¢n15. W¢ klieve Ibal lh¢ 4udii evidence we have obiained is s￿ffiOenl 8tsJ appropriate to PTovide basis forour opinion. Collcluslons rdadn8 to iolng collce Ill audiiing the financial sialemenls, we have Wnclud￿ Ihat the trusiees, use of the going wncern basi$ of accountirtg in the preparaihon of the finaTrcial statements 18 appropriole. Based on the WOTk wc have pcrfornitd, w¢ have noi ideniifjed any material uncertainties relatin¥ lo events or CO[￿ltIOnS that, it%lividually or collectively, may Casi significant doubt on the Charity's ability lo continue a5 a going concern for a period of al least tw¢lve ntr)nih$ fiom whth th¢ finth¢io1 stsi¢ments 4uthoriswJ forisw¢. Our regpnsibilities and the resrA)nsibilititt of the tnz#ttS with r¢$pect tQ going wncern aTe described in Ihe relevant 8ections of ￿.8 r¢wrt. Other14formatlon The Itusiees att res￿￿5]ble for the other information. The oihtr inforrngtion ¢ompri5e5 ihe information included in the Annual RcF¥)rt. oiherihBn the finoncjal 51alemen15Bnd OUT R¢port of the Indeperhleni Auditors Ihereoi, r opini(m on thc financial slBterncnt5 does not cover the oiher inforniatson and, except to the extent otherwise expli¢illy sthted ift OUT repin, wt do not cxpress any forrn ofa55uranctconcluSLon Ih¢reon. In ¢onncclion wilh OUT aLJdii of th¢ finarKial 5ta*ments, OILT Te5poThsibility is to read the oiher inforniation iThl. in doing x>, coD5id¢r whether the other information is m81erially inconsistent with the fin8nci•l $iAi¢menl$ or our knowledge oblBin¢d in th¢ a￿91¢ or othemse appBaTS lo bc maierially mi$$i#ied. If w¢ identify wch mai¢nal inwnsisttr£ics or apparent malerial missuitmenis, we are required ￿ delennine whether this 8ives rise to a maicriil rrti55taiemeni in the financial Statement$ theTll%lvrs. If, ba5¢d on th¢ work we have PErfonnEd, we coTrElude that there is & makrial ]ni5Stal¢m¢nt ofth15 oth¢r infornauon, we arc rcquired ￿ rep)rt faci. W¢ haye rK)Ihing to report in thls T¢8ard. MAttery on wbbcb arc rtqwlred to report by ex¢ep¢lon We have TK>thing to report in ie5PeCt of the following matters where lh¢ ch￿1¢1¢$ IA¢¢ounls and Reports} Regulaiions 20)8 rquirts us lo rewrtto you if. in ouropinion.. the inforniation wven in the t￿￿te$ Report 1$ inconsiste￿1 in atty material rESp￿t With Ihe financial sl8l¢rn¢nts', or 5ufficienr accounling rewTds knve not been kcpl; or th¢ financial siatem¢nis are noi in agreen*ni with the ￿t0￿nI]n8 rttords and returns.. or we have noi received all the irtfortnation and expltsnation5 we Twuire foroijr audit. ReSp)o￿bIllde1 of triiitse5 A5 explain￿ mort fully in IhE Statement of Ttuslceé RESFknnStbililiu, the trnslec5 arr Te5y>n5iblc for the ptepBrnlion of ifr¢ finan¢ial stalem¢rtt$ whith ￿ve a trne and fair view, I￿j for 5u¢h IDt¢rnal control &8 ihe tnj￿¢CS dci¢rn3itt is n#essary 10 ertable the prcpyralion of finanTral stai¢mrnts ihai are frc¢ from matrri81 mi&sialtm¢nt. whtlherduc tu fraud orerror. In prepaTing the fina￿1￿1 stat¢m¢nts. Ihc ￿te¢S 4r¢ re5Fonsrble for as5C55ing thc charity's ability 10 Continue a5 a gDing concern. disclosin& as appltnble, mallers rela1￿ ￿ 80in8 concern and the going concem basis of aceountittg u￿le¥ th¢ tn￿¢¢$ either intend ￿1￿uld8t¢th¢d￿rity or to ¢￿t0Pr[all0n$, or have realistic 31iernatiYebuito do so. Pag¢4 REPORT OFTHE INDEPENDE￿r AUDITORSTO THETRUSTEES OF THE COMMUNITY OF ST AIYDREW Our re¥pon$lbllitiu for the Aidlt of the fiDaDci*litaternéDts We have be¢n opw￿led as auditors under StttioD 144 of Ihe ChaTitics Act 2011 and ryrt in acthrdance with the A¢t 8rJd ttle￿t regulations m*le 0rhavingcffe￿ th¢r¢under. t￿r objeclivcs 8JE lo obth'n rets)rt8ble gssur4nce th>ut whrther the financial st3tng of how fraud mishl ¢j￿r. by.. makiny crv4uines of mgnaBement as to wh¢re Ihty eonsider*J there was pJs￿pI1b1llty to fraud. their krK*wI* of Icts￿l, suspect Ind ￿les¢d fraud.. considering the irtiemal controls in pl￿e to mihgatr ri5ksof ftaud ar*J n0n-compligj￿e with1ows4nd regul￿10n1', To addtcs8 the risk of fraud through mEn4¥¢m¢nl tyiL8 and overrideof wn¢ff)14 we.. pcrfonned 8nalytical pro¢&luTes to identify Any unusual or unExpwi¢d rel81ionship4 ie51cdJournal entres 10 identify unu5u41 transactions., &85Cssed whelhcr Judg¢tnenl$ ￿suMptiOnS made in deterrninini Ihe accountin8 ¢5tim•¢s were indicaiive of wlenti•l bias 1nvc5tlBa￿d the rationale bchind *8Trificwl Dr unusual tsansaciions., ITh resJx)nse 10 ihe risk of irr¢8ularitiex and non-compli8JK¢ with liws ard rt8ul4ts'on4 ￿ d¢si8ned proc&JuTes whi¢b included, bui were not limit¢d to.. a8r¢ein$ finth¢iaJ 812iemeni dixlosures lo underfying suppor¢in8 dorummtstion. * ￿adIng the minui¢sof mEetings ofihostcharged with governance,. qujring of mana8ernenl ¥s lo achjal a[￿ pteniial litigation arvj ¢18im$', Teviewn8 COTTeswThJen¢e with HMRC, rcl¢vsnl re8uIAtor5 and the charity5 le8al &dvisor8. The￿ ar¢ inhErenl limiiaiioLs in OUF audit pro¢cdurr8 dtscribed above. The rnore Ttsnoved that laws ond ttgulolions are from fitjancial transactioTr4 Ihc less likely it is Ihat wc woukj tKCOtnc aware of non-compliance. Auditin8 standard5 41so lijnil the a￿th't proculurcs TV4uired 10 idenrify non.wmpliance with laws aThJ re8ulatio￿% to etwuiry of th¢ tw*¢¢s and other mana8cmeni aNJ the i]4￿10￿ ofTcgularory ajxl leg41 corre¥K)ndence, if any. Maittiai misstat¢mertts thai arise due to frwd ¢sn bE haTder to detect Ihan those thlll &ri9e fft)m efror as ¢hEy m&y involve deliberate ￿tt￿m¢nI trrto1lts￿On. A furth￿ description of our rsp)nsibilities for the audii of the financial staiemen15 is locatrd on the Financial Rep)rtin8 CourKiI's wcb*k ai ww%v.frc.or8.uklaudilOTsrespon5ibJ"lili¢s. ThL5 descripliun foms prtof 0￿r R<￿TI of the Indcpcnd¢nt Auditors. Po8e 5 REPORT OFTHE IP4DEPENDENf AUDITOKS TOTHE TRUSTEES OV THE COMMUNrrY OF W ANDREW Uwof our report This re￿rt i8 rnde wlcly b) the ¢knity'5 lJustee4 88 2 Wy. in aCco￿arKe Part 4 of the CTrarities IAccrAutts and Remi Regulations 21YYd. Our audit work been ujvjertkn s) we might state to the chatity'5 I￿￿tee$ ¢hox TrJ&tr5 W¢ gr¢ rquiTed ro stxte to them in an authtOTS' fwt for no other purpose. To the fidlesl exlErt Frrnitt¢d by law, ￿ do noi accw or I￿rne re$w￿bility &) anyonc other than the charity at>A the ¢lMrity's t[￿￿t￿$ ay a t￿y￿ for our a￿111 work foi this rqx>T4 QT for th¢ 01￿￿*)￿We IKqv¢f0rm￿1. Collwds Chartcred Aecountants SiaNiory Auditor 5-9 Eden Sireei KIng5￿n.url)￿.Tharncs Surrey KTI IBQ 6 May 2025 P88e 6 THE COMMUIYTTY OF ST ANDREW STATEMENT OF FINANCIAL ACTIV￿lEs FOR THE YEAR ENDED 31 DECEMBER2024 2024 Ullrestrl¢t•J fuBd 2023 Tot Notr8 INCOME AND EP4DOWMENTS FROM Cbarltabk atllTAlle4 Cotw))unity ￿l￿tieS 3.295 37A119 375376 Total 371119 378.571 ExPEND￿URE OP4 Raistn8 fwbjs 14,124 Ch*rl¢*bie aotlvltl Community xbviti 262J79 270.(KJI Totsl 162J79 284.125 Ncl on inveslments 1.121,941 NET INCOME 361149 1216J87 RECONCJLtATION OF FUNDS Totsl fvnd8brou8ht forward 11,757,450 10,541,LI53 TOTAL FUNDS CARRtED FORWARD 12.119J ,757,450 The formpthof these fi]w￿la1 staiemEnts Pw7 THE COMMUNITY OF ST ANDREW BALANCE SHEET 31 DECEMBER 2024 2024 Unrtttrltt*d fund 2023 Toral fvnds Notes FIXED ASSETS T$￿￿ble &ssets Inve5ttnents 30&9S9 11,519,745 366.959 10,971.136 11,8K704 11,338,095 CURREi4T ASSE75 tkbtors Ct%h ai bank 79,210 171,0 195.806 250.949 250.294 446.755 CBIDITORS Arnounts falling du¢ wilhinone year 117J991 {27,4(K)I r4ET CURREf4T ASSETS 112195 419,355 TOTAL ASSETS LESS CURRENf LJABILJTIF3 11119,5 11.757.450 NET ASSETS 11119,S 11,757,450 FUNDS Unr¢slri¢lcd fvnds 11119,599 1,757,450 TOTAL FUNDS 12,119,399 11,757,450 The financial were approvvj by the Board of TDJstee8 auihwised for i$%* On O Miy 2025 aTra were sI￿j on its halfby.. The Revd. CarK)Th FJL Winfield DL DD. Tru5tec The notes fomipthofthe5e fin&nEi￿ Page 8 THE COMMUNITY OF ST ANDREW NOTLSTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 ACCOUNTING POLICIES B￿ts of preparln8 the tIDAttciil th*ment$ The fin8naal siaiements of the charity, which is a public bEnefit entity under FRS IQ2, hav¢ been prepated in acwrdanee with the Chariiies SORP IFRS 1021 'A¢wunlin8 3JHi Rep)rtTrn8 by Chariiies.. Stsiement of Recommended Prxti¢¢ appIl￿bk 10 charity￿ prcpanng their xcourtis in accordance wilh the Financial Rewrting Standard applicable in the UK ar￿ Rtpublic of Ireland IFRS 1021 l¢ffcclive l Janu*y 2019y, Firtancial Rep)rting StandaTd 102 Thc Fina￿1￿ R¢wrtin8 Standard applicablr in the UK aTLd Republic of Irel￿￿, 3JMI the ChaTilies 2011. The financi&l siaiemertis have betn prep4red und¢r the historiul ws¢ wnVent￿Th, with the exce￿10￿ of inv¢strnerJl$ whith are included ai markrt VAJue. Is modified by the rev￿￿atiOn of certait) as5et& FIDaDclal reportlDg Jt8Ddard 102. roduced dl8elosurt txemplloll& The ch￿lty ha$ taken advanta8e of the following disclosur¢ exemptiott in preparing thes¢ finjncial 51aie]]*nt4 88 pemullcd by FRS 102'The FiDBr¢ial Reporting Siatslard aprAic4ble in th¢ UK Rrybli¢of I￿12nd.: the requir￿￿o(￿or S¢rtion 7 Siatemeni of Cash Flows IDeome All irfome is reco￿lsed in the Stat¢tnenl of Firtan¢ial Activitie5 on¢¢ tk ch￿lty h9$ eniiilement w thc lknnd& it i$ probable th41 th¢ Inwmt will be received and Ih¢4mounl ran bc rneasured reliably. ExpeDdltur¢ Liabilillts are r(w￿ls¢d Is exFxndiDJrE as soon as there 15 & legal or constnjctive obligation ¢oTrrnithng the charity 10 thai expenditure. il is probable thai a transfer of economi¢ b¢mefiis will b¢ rcquiT¢d In s¢ttlcTtLeni atsj rhe amount of th¢ oblig&li(m can ￿ meHsur¢d rdiably. Expendi￿re is accOun￿d for on •n attnjals bosi$ aTra h8s been ¢la5sificd urthr headin88 that aBBregaie all eos¢ relal¢d lo ihc cAleBory. Where ¢osi8 cgnnoi bc di1￿¢1Y attribuicd 10 wicular hudin85 they have been ollocated to a¢tivitieson 8 b8SL'S consist¢nl the of resourceB. Govemortce costs compri¥¢ IIK)5¢ ¢08ts which relate 10 complian¢e. Consti￿li0Th stawiory rnatt¢TS. T•n8lble Ilxtd Muti In the opnion of the Trustees the vdu¢ of freehold land and peThnanenl buildings 15 substantially rnorc than Ihc IxK>k value. As the property Is u$Ed aNI ig csseniiAI for the purvey of the Charity, the Trust considerrd no usefijl purposes would b¢ a￿ed by urKlertakin8 B revaluation. T*x4tlott The ch￿lty i$ex¢mpt fAFm tsx on its charitabl¢ 4¢tiviti¢s. FuDd VtiTe5tsicted futds eati be used in XCOTth¢r with the ch*iiable objeaives at the di$¢r¢hon of the mistees. Flx¢d v¥etlllvutmeDts All invesDneDis held are tr￿led on a reCO￿￿A stock ex¢h4nF ortd )ff t￿ried ￿ IheiTquo*dfflarket wlce. INVESTMENT INCOME 21124 2023 Invcytmcnt income Surplus atiSiti8 frorn fflort8age4dvanc¢ in 2(M)8 314,252 61,807 375,276 371119 375,276 Page9 THE COMMUNITY OF Sf ANDREW NOTES TOTHE FINANCIAL sfATEMENTS- colltiryryed FOR THE YEAR ENDKD 31 DECEMBER 2024 RAISING FUNDS IDveth*nt InaD*8¢nieDt Costs 2024 2023 Portfolio n]ana8e]nellt FoYei8n exd)8n8e differw*es 10.764 3,360 14,124 TRusfEES* REMUNERATION AJ4D BENEFITS TheTe were nD t[￿￿tee5, TernUt￿&￿on or other bEnefits for the ye4r eTrJed 31 Dttember 2024 nor for the year erkled 31 Dec¢mb¢r 2023. 2024 2023 TnLy￿¥ exrkn 69 TANGIBLE FIXED ASSETS F￿¢￿Id proFtny COST Al l January 2024 and 31 December 2024 366.959 NET BOOK VALUE Al JI Dccembcr 2024 366,959 Al JI D¢￿rnber 2023 36r).959 FIXED ASSET INVESTMENTS L4stsJ inv¢slments Unlisted investynents Toiais MARKET VALUE At l January 2024 Additions Revalua¢ions 10,970,639 31N),Oth) 248,ori4 497 10,971,136 31x1.000 248,f At 31 Decemb¢r 2024 I l J19.248 497 11 Jlg.743 NET BOOK VALUE Al 31 Deccmiri 2024 I l J19.248 497 IlJ19,745 At 31 Dectsnbet2023 10,970.639 497 10,971.136 Value of inveshnrnl &￿¢&held in the UK Value of Jnve5m)ent WIJ hcld ouiside UK 11,519,745 follo￿tt8 aye single irtvegbnents rq)re8thtinB ovcr5%of toial iThvestmeni holdin CBF Chutchof En8laThJ ]nvesthJent FuTrJ. Income ShaTes The fvnd EIK*wn above 18 *thninistered by CCLA Itivestment Man&ganenL The fund iisclf is An sctively manag&l, diyersified ]x>rtFolio of assets deSig￿d to help protcd both present beD¢fi¢iaIi￿ frotn the rffects of inflation 13S mwuT&I by the ¢on5￿m¢T pri¢¢ iThJexl. li will have an emEILa*s on equities (between S￿. 3nd 85V/DI but will also inclu(k property, ty)nds and othet asset ¢la55e5. which may be either liquid or Illiquid in n4ture. No sin8le holding wjihiD thB fi]nd is Dre than 3% of tk totsl value. Page 10 continu￿... THE COMMUNITY OF ￿ANDREw NCITESTO THE FINANCIAL STATEMENTS-eontlDutd FOR THE YEAR ENDED JI DECEMBER 2024 FIXED Asswf INVESTMENTS. tondnmed The fi￿d is ttwwgal in lille with the Folicies of the Churth of Fn8131￿ National Invcsting Wies.. The CBF ￿￿r¢h of En8Jand Funds. th¢ thurch Commissioners for EnglaThJ ènd the ChuT¢h of EngW Pensions Bo￿. Cosiorvalualion at 31 D¥ember 2024 is re￿￿tthI by-. Lllted U•ltiied Inve$tmeDts Valudi(m in 2024 24&609 11370,039 24&009 11,271,136 497 IlJ19,248 497 11,519,745 DEFfoRS: AMoufwJ FALLING DUE WtTHIN ONE YEAR 2024 21r23 (kncr debioY8 PRptymen18 aTrJ ity¢ome 120.0(X) 75.806 79,210 79.210 195,8 CREDITO1￿. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 ￿¢n￿l&ll￿d deferrnj incomc 17J99 27,400 MOVEMEf4T IN FUNDS Net movemthi sn fund8 At 31.12.24 Ail.1.24 Unrestrl¢l¢d General 11.757.491 362.149 12,119,599 TOTAL FUNDS 11,757,450 362,149 12,119,S99 movement in ￿ndS irtluded in the atov¢ followa: Ino)ming Resourees exprnded Movemcni losscs Unru￿Ct¢d fondi Generdl ￿nd 371119 1202J791 248.ot 361149 TOTAL VUNDS 376,119 1262.5791 24&609 362.149 Pagcll conlinuvl.. THE COMMUNffY OF SfAP4DBIW NOTES TOTHE FINANCIAL STATEMENTS- FOR THE YEAR ENDED JI DECEMBER 2024 MOVEMENT IN FUNDS- colllknwed c(Kn￿r￿tiv￿ for movementlq funds Nel movement in fijnds Al 31.12.23 At 1.1.23 Unr¢¥tri¢t¢d fu￿￿5 Oen¢rnl fvt>J 10.541.063 ,216,387 11,757,450 TOTAL FUNDS 10,541,063 .216,387 11,757,450 Compar81ive net movemcni In included in thea￿ve ￿e a8 follows.. Incomin8 resources ResY)Ur￿$ Cxpcnd Oain5 And Iosges Movemeni in fvnds Uureitrtcted fund¥ General fvnd 378.571 1284.1251 1,216J87 TOTAL FUNDS 378.571 1284,1251 1,216.387 A ￿rrent year 12 month8 and Prior ye8r 12 months ty)mbin¢d ￿￿kn0n is •3 follows.. Nei M0￿M¢nI Al Al 1.1.23 UDreitrt¢ted fun Otner41 fvryj 10,541,063 1.578.536 12,119,599 TOTAL FUNDS 10,541,063 1.578.536 12,119.599 A year 12 tMn¢hs 8nd prioryeaf 12 monthscombirtd net movement in fi]TrI4 inclthled in the knve ¥e 18 follows.. Incomin8 Resources expe￿]ed Gains Movemvnt in fiLnds Uurestrfeted GeneThl fund 754,690 1546,7041 1.370JSO l.S78.536 TOTAL FUNDS 754,690 IS46,7041 1,370,550 1,578,536 Ps8e12 contijmxd... THE COMMUNrrY OF St ANDREW N(JfESTO THE FJNATr4CIAL STATEMENTS- ¢oDthued FOR THE YEAR ENDED 31 DECEMBER2024 RELATED PARTY DISCLOSURES Th¢r¢ wrre no relattyj Warty mnsattions forthe yeaT endtrs 31 Dec¢tnber2024. Pa8e 13 THE COMMUNJTY OFST ANDREW DETAILED STATEMENT OF FINANCIAL ACTivfTIL8 FOR THE YEAR ENDED31 DECEMBER2024 2024 2023 JNCOME AND Ef4DOWMETrrrs Invutm¢ntlntomt Inve51rneni incotne Surplusarisirtx fityrn adva￿¢ in 2W8 314352 61,867 375.276 371119 375,276 Charit*blt aell%lti Metnbers COTJtsibutions 3,295 Totsl IneDmknirexourte¥ 37CI19 378,571 EXPENDITURE IDVeltmtrti Porfolio m￿agemenT ForciBD ¢¥chan8e diff￿nceS 10.764 3.360 14,124 Cbarltsble T￿s￿e$, exF¢n%s Sundriey Sisters nursinB Sisters fvneral eosts Sisi¢r5 expenses Trav¢1 cos15 Propaty Costs Donations m￿t 69 212 34,547 7,369 205 14700 21JO,022 12,060 158,500 215,OS9 213,035 Support Mall4¥em¢DI Lesd and p￿fe$s1O￿lI fees 29,520 39,566 CoverDonee Aud?torf remunemion ikgal & PTof¢5sion4J fe¢5 &160 .160 9,240 17AOO 17.4(K) Total remfte8ex￿￿dts￿ 262J79 284,125 Nct IDMntbefI￿e plrLI And Iwsr¥ 113 94,446 Rewlhcd recopijed glllw •Dd 101st¥ RealiSedB￿A£1(&)88e5I ￿ fixed wi inYe*Jnent5 654.523 Net Itttwxe 748.969 This PaEedoc5 not foTrn Pjrt of th¢ staftitory finarKial statements PaEe 14