Promoting Excellence in Broadcasting about Religion, Ethics and Spirituality The Sandford St MartinTrust The Sandford St Martin (Church of England) Trust Annual Report and Financial Statements 31 December 2024 Registered Charity 277370
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRusr Annual Report and FinancÈal Statsments for the year ending 31 December 2024 CONTENTS l Annual Report of the Tntstees 3-22 2 Independent Examinees Report 23 3 Statement of Financial Activttses 24 4 Balance Sheet 25 2&34
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trvstees for the year endlng 31 December 2024 The Trustees present their Annual Report and Finanual Statements for the charity for the yÈar ended 31 Dember2O24. The finanaal Statements have been prepared in accordance with the accounting poliaes set out in Note I to the accountsand compty wtththe Char5 Trust Deed. rhe ChaTttiesAtt2011 and Accounting and Reporting by CharttEs= Statement of Recommended Prartice applKable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applioble in the UK and Republic of Ireland published on 16July 2014. Objectives and artivttie5 forthe public benefft When theTrustwasestablished in 1978. rts objertswere definEd a5the promotion of the advancement ofthe prindples and practKe of the Christian religion through radio and television broadcasting. films, vLsual aids and othermethodsofvisual and oral communication. Overthe forry-slKyear55in. broadcasting and media technology have evofved considerabty-as hasthe face of relEgh)us Brrtain. These changes are reflected inthe parallel evolution of the Tru5Ysfocus, projects and outreachwork whith now includes lobbying and advotscy work at community, industryarÈd legislatNe levels. In keeping. the Sandford St Martin Award5 have grown to include dig31 and online media a5 well as entries from traditional broadr3St channels These activit$ through which the frust engage5 With an ever-widening Cirde of content-produceT& broadcastet5, policymakers, f3ith8roups and members of the public-provKle and infornithe platForm from which the Trust continues to effettivety advocate for religiou5ty lrterate broadc3Sting which promotes bètter understaThli and awareness of the UK'S dwersefarth cr>rnrTtunities and supports dvalogue between people of all fatths or none. Artivities undertaken bythe Trtjst are deSnedt0spp0rt itsioretenets= al belief 15 a prime rnotwator for both individuals and Commun[t$. impacting on polrtical. economic, ethical and sotial behaviour, bl religiously Itterate broadcasting and media play a key role in the promoting the public understandingof how religion impacts on human experience and cl better religious litefacy can mttigate the prejudice and bigoty that lead to crime and other 50£tal problems, and hinder cooperatNe endeavour at local, national and intemational levels. The tnjstees confirm they have ferred to the Chartty CommissKJn's gt11dan on publK benefit when reviewingtheTrust'saims and objeCte5. in planning futu artNlties. and in the administration of the annual Sandford St Martin Awards competition. Religious programmlng is general considered to be core public servKe broadostin8 IPSBI territory. In common with genres such as history, saen. clrnt affair5 or children's pro8mming, this sort of contert is the delivery of public benefit over commercial profit. And like these other core PSB genres. programmng about relEgion or bel¢ef has fad increasing finanoal. technologjcal and polttKal pressures over the last decade. During 202312024 the growing Influen of social medta and dsgrf(al platforms contributed to wh3t was the steepèstannual decline in broadcast television audiences Sin record5 began. All PSBS have experien a fall irh both their audleft Share and Fn income. .o+rov u edA-ri-ti 1n.kn P1Th*tin0fWritiry thewkn6fi8urÈstsr2024 were not ava113ble
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 Atthe BBC, the LinCe Fee has mained ts largestsource of income; th has declinedyear-on-yearwith ha a million hoLtseholds opting notto pay the annual fee. Anatysi5 by the Voice of the Lsstenerand ViewerlVLV) Indicates this has conrributedto a drop of just LEnder41YX in real terms in BBC public fundingavailable for UK services since 2010. It estimatedthat approximatefy LI hours of programming have been cut from BBC sihedules to make good th def Kit., In Ortober, Channe14also annoUnd lossesafterwhatTtsaKI wasthe wortadvertisin8fall since theflnancial crash Én 21X)8. Following announcemerrts of planned cvts to jo175 and costs associated wtth it5 lineal TV offierin& as rt shifts r(s business focus to digttal prov10. While in Au8u5t2024, lan KatzChanne14's chief contentoffirto1d an audienceat the Edinburgh TV Festwal that theTVcoMmi55i0ning'emeen(rfdedared bythe union Bectu in 2023 was overand commissioning was once more at pre-p3ndeM levels thts has notyet been translated into greater Confiden or eMplOynt amongthose working it) TV. In ju a follow up Bectu surveyfoundthat more than haff of those working in the Tvlfilm industry remain out of work.5 Sirriilar to audience pattern5 for Tvlvideo platform5, record numbers ol radio/audio listersers are also now shifting to online platforms. and pod(35t li5tenership has experIend steadygrowth,. Despite the populaiity of this sector, 2024 saw a ri%È in unèmpjoymertforaudio professionals largely as a resu of restrurturing at the BBC. Followir%gon frorrhcutsto tis local radio output earfierthisyear. the B8C confirmed in Septemberthat It Intendsto cut a further115 edr(orial and productK>n roles in the Nations and Regions as part of 5 overall plans tOS3ve £5CKh by March 2026. Laura Davison ofthe NatDnal Union of Journalists INUJI 53id'7hese cuts have (x)me about because of the repeated failure of previou5 governments to property fund the UK'S pubk Servi broadc3ster. LIn fee freeze5. making the corporatlon fund free licenses for the over-755, and subsequent 5rnall increases have ft the BBC in a peribus state. How lon& how deep and how feasible a recoveryof the industrywli I be fernainsto be seen. LookingfoNiard tt revantt0 note that while in 2023. bioadcagt TV channelsaccountedfor62% of long-form programmes, the entryof newvideoon demand (Amazon, Neffiix, DisneY,Appj and videosharingplatform5lYouTUtand r5kTokl meansthis is projerted to drop to overthe next de<ade. Thefuture of PSB gen5 remainsequalty nrtain.ArnOn8the impacts of the downturn in income, has been n acceleration in the dedine of the PSB provision of programmingabout relEn and belief. While revenLES vtV.D blit4undin htt .ft.co f471 b7 deadline com dead1n.[0fft 2024 23 -b kqn-.(Aile-12360&581 chaDTr14qah4atZ-wales-sc.-ee-LMtt,..t--.,2353697 ctu.or fErennU$i orkers¥eman-Outr-oÈorkectu h4n I hrr www.odisunro5o3rch.co k dcast<ongJmer-2024-b dison4e*3rrh Ihtt .or reur 4t4 enIoLie -html wY¢w.ibc or IiZSOarti n-r dThd-uk ub'.11-5eMie-bfcad %20TWA20channel
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRLJST Annual Report of the Trystets for the year ending 31 December 2024 across PSBS have fallen, first-run spend and output have atso shnjnk and there has been an acceleration of what Ofcom research published in 2020 identified as the already steady dramatic decline in both the hours and investment in traditional public service broadcast content and in relgious TV programrning particular. The MediaArt. which was passed in May2024, setOLrtto prepare and address this shrfttrn media con5umpty). Providing. as it does, a basis forhowbroadcasting in the VK will be regulated and the social contract between broadca5ter5 and audiences into the future. the new Act was timety. However. while the Act focu5es on industry concerns around competitKn and prominen all of which are inueasingly relevat)t In an increasingly digital and multi-plarfofm Wofld - SSMT h35 argued that the Art ts lacking any similar detail or vision regarding the form, puo05e or constituency of PSB. For example, while previous legislation named specific genres- induding religK)n - as CO PSB (x)ntent, the new Media Att only requires PSBS to provide 'a range of appropriate genres. without speafying what is'a range. orwhat is'appropriate,. Iti5 the opinion of the SSMTthat. unless such deficits are urgentty addressed. thislegislative omission will onfy hasten the furtherdecline in the qu3nttty. qLFaltyand prominence of 5oaeta1benef1CIal content made in the UK. Conrned with the impart that d)anges in technology.the industry and legislation will have on the quantity and qualityof religiousand ethic31 programmecontentavailable to uKaudiens, the SandFordSt MartinTru has active advocated overthe last ye3rforsafeguards3nd regulationwhich willprotectthis8enre. Ths work has been undertaken 1hroh a ser¢es of eventsand publicawarenesscamp3En5 both alone and in partnen%hp with the organisations which comprise the PubIicServe Media Forum Ithe vol of the kn5tenerand Viewer. the IntematlOn31 Broadcasting Tnjst. the Campaign for the Arts, Chiklren's Media Foundation and othetsl. During2024 this included meetingswith legislators, the regulatorOfcLYn and the heads of broa(kast netrk In 2025 the Trustee5 anticipate further work advocating for proper regutation the qualrty, quantity and prominence of religious broadcasting including with the media regulator Ofcom, and members of the new Govemment and new ministers at the Department forculture. Medkl and Sport. Based on the cUrnt issues. the Trust anttcÈpates it will fooJs on= Advocatlnz for the protectlon of public service broadcasting in the face of contÉnuing economic pressures and ongoing threats to funding at both the commissioning and production levels GainingnewproteclÉonsforPSBgenreslike reli8i¢wsprogramming and coveringfuture promlnerKe. spending and meaningful reporting and regu5ation by broadcasters as the role of new digital platfomis Continues to galn significan Betterrepresentation o*the UK'sdivetse religiousandiulturnl communities bothon and off screen In the broadcast industry. The Trust fulfils its charitable purposes forthe publtc benefrt through: liaising wtth broadcasters. policyrnèkers. publKoffKials and media gulatorSt0 promote the valueof religious broadcasting and to advocate for its place in the UK'5 media ecosystem,.
THE SANDFORD ST MARTIN {CHURCH OF ENGLAND) TRUST Annual Report of the Tru5tee5 for the year ending 31 De¢eml>er 2024 contributingto the public conversath)n and to industry cOnsuatnSt0 advocate forthe prorninerKE, quantty and qualrty of religiousw literdte content which engages wtth and reflects the UK'S diverse faiths and faith Communit5. identrfyin& prornoting and rewatding the best examples of UK broadcast content engaging with religious or ethical themes through the Sandford St Martin Awards- building a network and prowding a forum for inter-communrry diabgue and cooperation around religion and ethics through actNfties such as the Awards but also conferences, meetings, public symposia, stakeholderevents and training forstudents and PfofessK¢nals. The Sandford St Martln Awanls Increasing impattful, the SSM Awards a now an established annual event for which many brDadca5ter5 and content-makers plan. Providing3 showcase 25 they do for the bestbroadcasting in the UK about rel%ion or beltef, they are a key mechanism through which the Tnjst delNers its mr(. Every year hundreds of key stakeholders representing all ve15 of the UK'S broadcasting industry and faith communities come together to recognise and £ebrate the bestprogramminginthi5genre,andto ShareeXrience and expertise. BeyiyKI the Awards. the qualrty of rts shortlistsand winnersserves as a compellinE ar2umentforvalue and viabilty of this kind of content to a wmle aUdn, encouraging future commi55ionÉng and more prominent provision across a range of formats on tradttxjftal and new broadcasting platforms. To ensure the Awards continue to effertivety contribute to the public berEefit, Trustees review the awards criteria and categories 3nnualty and adjustments are made to reflect trends or technok)eical changes in a rapidly evolving media settor. The Award5 abo benefit UK audiences and the wider publ[( who, research has shown, are invested and interested In good relEious programming-content that flects their own experience, improves their understanding of religion or spirttual i55ue5 andlor brings a ligIouS or spiritual perspectNe to bear on political. social or economic arguments. The Trust invites entries and raise5 awareness of the competrtion through a year-k)ng gutreath and social media campaign - this indudes a partnership with the Radio Times magazi¥Je- a5 well as throuEh directly tsrgeting key broadcasters. content-makers and produttion companies. Enlries are encouraged from programrnes with a strong reSigiou5, 5pifEtual or ethical dimension- for exarnp, refletting, investigating or exploring a religious or spiritual approach to lrfe and rt5 meaning, seeking to evoke a relEious or SpirUal response inthe audlence, bringinga religious orspiritual perspeuThie to bearon politKal, soaal and eccinomic arguments, OY explaining a re1lOuS or spirttual point of view or an ethical dilemma. In Ofderto encour entrS from a wwle ronge of broad£a5teT5 representing all bijdgets arkd 311 area5 of the settor. entry is free. Full details of the entry criteria and a link to the Awards entry plarfom are available on the Trust's websie htt sandfordaward5.or the-awards At the first stage of judgin& entrie5 are reviewed and Sco by selett panek of between 4 and 10 category shortlisters. Shortlister5 are ieirutted for their interest ad profe55ional working-knowledge of the categ in whKh they are shortlistin& and for their awareness of the issuesojrrently afferting religiou5 broadcasting and conter*t-makers engaging with these rhemes.
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 In keeping wtth an initiatrve launthed in 2021 to build iFnpart amongst younger stakeholders working in content-pmductKJn. fDie post-graduate broadcast media students were invited to help shortlist the 2024 awards. Two participants in the BBC'S Future vo$ scheme We invfted to judge award categorie> On tt rsight of the awards ceremony. a further seven siudent intem5 from local secondary schools gained work experien of produttion or event-reception. Once a shOrtlt of SLY finalists In each category has been Klentrfied, shortlt5ts are f orwarded to final jud8 panels comprised of leading figures from across the broadr2Sting industry. For 2024.. The Tv/Video category wa5 chaired by Tommy Nagra, the award-winning progrdmme-makerwF& Current the Director ContentforBBC Children In Need. He was joined by Nick Hamer (documentary film maker and a previous SSM Awartt winner), Juliet Riddell Ihead of new forn)ats at the Financial rimesl and Bushra Siddiq ITV and film direttor and prodUrI. The Radio andTVdocumentarymaker. Petercurran thairedthe Radio/Audiojuespanel, whtch 3 comprised Remona ljournalist. commentator and broadcaster), Rabbi Laura Janner-KlauyEr Ibroadcasterl and Anna Magnus50n (radio producer and presenter). The YoungAudÈEllce ¢2tegorywas chaired by theTV presenterRadziChinyangarnya,' on h15panelre Heenan Bhatti Ifonderof Clockwork Films and a previousm Awardw¥nnerl,TalluSah Clark ljournalst and disabiltty actN¢StI and Vanessa Harriss (editor of The Week Juniorf magazine). The journalism tategorywas chaired by thejoumali5t and broadca5terRitu13 Shah with supportfmm Osob Elmi18BC New5and currentaffairs joumalistl. Mark Warburton ITV PrOdurand Director) and Ben Zand Ifilmtnaker, joumalist and producerldirectorl. Profiles and a full list of 2024 judges andshortlistersare published on the Trusys webste: htr sandlordawards.or 2024-.ud es Winning programmes teNed bespoke Sandftrd St Martintrophios and prize money of El,(XK) oathwhich is intended to be shared by membersof the prod10 team and toencouragethe development and prod[ of future broadcast projetts exploring rel4gion or ethic5. Runners-up and other finalt5ts receve specially commissloned certifKates. Winners in 2024 were 35 follow= TVIVIDEO: "A fime to Die" (True Vtsion for ITVI- Tunner up: "Wrtness - A Child of Gaza" IAlef Medla for Al Jazeer3 Englishl RADIOIAUOIO.. 'The Indestrurtibityof Hope- Christmas in Ukraine- (Worship, BBC Religion & Ethi forBBC Radio 41: runner up-. "Do the Ri8ht Thing.. Follow God, not the Peop, Icrvc for BBC Wodd Servicel YOUNG AUDIENCE: "My Life: I Won't Stand for It IfEer Lity 2 forCB8CI- runnerup-"Climate Anxiety" IVc for TrueTube.co.ukl
THE SANDFORD ST MARTIN {CHURCH OF ENGLAND) TRusr Annual Report of the Trustees for the year ending 31 Detember 2024 JOURNAUSM.. °In the Name of the Fatherf IBeyond CreatNe Ltd & Reftegade Stories for Storyville. BBC 41,. runner up.-"Heart and Soul=The emerging Muslim man05phere-188C Wortd Servi} RADIO TtMES READERS. AWARTr. Yhe Hoty Land and Us- (wan to Wall Media for BBCTwol In 2024 the Trustees. Award was presented by the writer. historian and podca5ter Willlam Dalrymple to.. TOM HOLLAND In recognftKn of hÈ5 contnbution to the greaterpublic understanding of Teligh)ns and their role Tn contemporary and h10T1c31 human experience. The full list of winners and shortlisted programmeswtth links to their websites is published on the Trust's webstte= htt 5andordawards.o -uk 2024-award-winnef5 Achievement and performan¢e The benefits of the Tnjst's work are felt through the effectNe 5UPPOrt and advo(3cy for the quantity and qualrty of broadcastcontentand programmesthat eage wrth lIgIOn. belief and ethics. Becauseof its reath, broadc3Sting- and public service broadcastingin parricular- is at the frontline of promoting relEiOUS literary.. a key dimension of cukural competence in an Increasing diverse and pluralistic world_ Thi5. in turn, suppor religious-content producers and broadcasters. faith communities and Intested audiences through raising awareness of what constttutes bertpractKe= indudingquestiorsaround howtocreate engaging content, 8(xxI journalism and content produrtion. and how to disseminate religious lrf(erdCy. Through thi5 work we widen the conversation around the compEex roles lIgIonS or beliefs can play in the public and priv*e Spa and create opportunities for dialogue between ourdifferent stakehokler groups. In addr(ion to our3wards durinE 2024, ths WO induded= Dr3fting and lobbying for proposed Amendmentsto the Media Bill As a p1ament for the 2LX)3 Communications Act. the Media Bill set out the basis for how broadcasting in the UK is regulated and the social corstratt beteen broadc8sters and audiences into the future. It was Ssmfs position that the proposed new legislation lacked sufficient detail regardinE the Public Service Broadcasting IP5BI remit. whi the 20J3 legislation clearly identified specific genres- induding religion- as core PSB territory, the new proposab only required PublIcServi Broadcasters to provide 'a tange of appropriate genres, without specrfyingwh3t these genres are or what quantity or quality constitute 'a range.. SSMT began 2024 continving to k)bby Government. the g¥JIatOr and industy to amend the Bill so that it would Irel include the retention of the ReTthian value5 as part of the definrtion of PSB named PSB genres induding education, arts, Scien and religton quotas or requirements forthese 8enres detailingwhat quantity of PSB loriginall content 15 consldered 'appropriate' requirements to make sure PSB content in these genre5 mains unNersalW available and easily dbcoverable li.e. PSB genres should not be'ghettotsed to online orsecondary p13rfomisl
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 Artivities and impact indL4ded.. On January 3Cth, durirhg the Biifs Reportstage. John MtDonnell MP proposed an amendment based on Ssmfs COnmS and crted Ssmfs work in the House of Commons io On February 22nd SSMT co-hosted an event atthe House of lords wlth the VLV and sponsored by Lord Tony Hall aimed at briefing Parfomentarians on key amendmentsto brief key peer5 Sothey can speak in supporr of PSB when the Bill reached the upper house. SSM Trustee Aaqil Ahmed lobned 3 panel of four speakers about the need to amend the PSB remit to be much more explicrt about the social value of religiou5 and eth31 broèdcasting and the need forofcom to have powers to ensure PSBS meettheir obli8atkJns in respect of these Benres. Also on February 22, . Anna McNamee. Ssmfs ExecutNe Direttor dlscussed the Medla Bill and acces5 to public service broadcasting on Roger 8olton'$8eeb Watch podcast . Additional interview5 weredone with Trans Worfd Radio. Premierchristian News and Unfced Christian Broadcasters Radio. On 27. February, an open letterdrafted by SSMT and signed by a coalition of relwdiOU5 and interfaith aders was published in The fimes newspapercalling on legislators to'specify religion as a kev component of the public service broadcastin8 remtt. and to prorect in Its Media Bill programmes explorin8 lIgIon and belief, It was signed by Allya Azam. interfaith co-ordinator, Al-Khoei Foundation,. Simon Barrow, direttor. Ekklesia,. Steve Clarke, editor, revision Magazine, Royal Televislon Society,. Rabbi Warren Elf, co-thair, Far(h Network for Manthester,. the Rlght Rev Sally Foster-Fulton. moderator of the General Assembly of the Church of Scotland- Dr Edwayd Kessler, director, Woow Instrtute; Katle Mccolgan. chair, Interfarth Council for Wales.. the ght Rev Bevertey Mason, bishop of Warrin8ton.' Chine McDonald, direLtor, Theos,. Marllyn Pblday. Community House Presbyterian Church of Wales., Drshaunaka Rlshi Das, dirertor, Oxford Centre for Hindu Studies.. Elizabeth Slade, chief officer, General Assembty of Unitarian and Free Christian Churches,. Profes50r Tony Stoller, chairman, The Sandford St Martin Trust.. the Most Rev Marf¢ Strange, Primus, Scottish Episcopal Church,. the Most Reverend Leo Cushleyi Archbishop of St Andrews & Edinburgh. A publlc petltlon #Belief Matters callin8 for the same gained Wsignatures.12 vi. Followin8 the House of Lords event and one-to-one meetings and briefing sessions with various peer5. Ssmfs amendments were proposed again durlng the second readin8 of the Bill In the House of lords on February 28th by a 518nific3nt number of peer5 including Baroness Foster. The Lonl Blshop of Leeds, Baroness Kldron. Baroness Fraser. Vlscount Colville. Lord Hall, Lord Foster and others.13 men (tirnt code 13.'34..501 n4 LJ ht
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 March 3, . SSM Chair of Trustees DrTony Stoller appeared on BBC Radlo Wales'AII Things Considered. to speak about the proposed amendment5 tg the Bill. SSMTwès still actwety engaged in lobbying whenon May 22nd an eaty UK elertionwa5 announced and as is the protocol, the Media Bill wa5 rushed through the final stages of k61slatn without fvrther debate. To ensure passage of the Bill. the Government made an l1th-hourconsSi0n on public service broadc35ting, and accepted one of the amendments SSMT had been lobbyingfor which ensures thatthe Reithian principles to inform, educate ondentertoin remains an explicit part of publicservice broadta5ting remit. Unfortunately, however, despite what had been whlespread sUPPOrt in both Houses, the Government did not accept SSMfs amendment which would have seen key public gen5 like programmes about religion or belief, suence, art. history or internatnal affairs induded in the public service broadcasting rem. Goin8 forward, SSMT is focussing on the implementation of the new Media Art and is liaising with broadcaster5 and the new Government with re8ard implementation of the Act and partkularly around PS8 obligations. B. The Sandford St Martln 2024 Awards Held at Southwarkcathedralon the eveningof 17June. two hundred guestswerewekomedby thevery Re¢d Dr Mark Oakley. Dean of Southwark. who paid tribute to content-makers saying: These Awords ore 0150 importont becouse they celebrute work thot helps people understond the philosophKal historKol. politAcoI ondemotionalintricoaes 0fre1n andethKs. Agoin, thereis much around ot the moment thot wouldpreferdishonestsimplKity to un honest mplexIty, but the work we ucclalm this evening refuse5 that impatlent remptotion, creotln9 Insteod Jccessible opproaches into undersrond*)g h humon being5 make 5ertse of this life ond novigQte themsefves through 1¢ through our w0d'Soiths ond through ethoISeriOUSneSS.lCUn'thelP thinking thotourd¢7y-rtrdoylanguageincontemkvn7rysocietyls muth more se¢ulorthon weartuolfy a, butwe haveno notNeorshoredlonguogeforthesoul. Your workhelps to tran51ole ot such o time. und, 05 1 say, I not onty wont to congrotulote the shortlisted tOnht, but to thank them very deepfy. Tonight moy be even more important thon we reali5e. The teremony featured speethes and award presentations across fourcategories, interviews with winner5, the presentation ofthe 2024 Trustees, Award, and Ve0 showcases featuringexamples of the besr religious and ethical broadcasting content from the last year and content-makers talking about their work. The ceremonywas attÈnded by approximatety 2people presentIng broadcastand fabth communit5 frpm across the UK. Those unableto attend in pe¥son were able tofollow Iwe updates on social media (Twitterand Instagraml induding Irve announcemerts of the results, video dips from winning programmes and eXCets from judges, speeches. As per custom, the Radio fime5 Readers. Awardwas launched online and via newsstandcopiesof the Easter edition ofthe magazine. Through its partnershipwiththe RBdioTimes, theTrust ha5worked toactivelyeng4f the public in signrficant policy debate5 as well as the consideration of the range and value of religious and ethical programme content available. Readers voting in the competTtion those the newly tOPKal documentary'The HO Land afid U5" in whÉch Rob Rinder and Sarah Khan explored theirfamilies, histortes and connections wtth Israel and Palestine. 10
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year endlng 3 l December 2024 C. BBC Thernatic Rewew of Portra al and Re resentation October 31 In preparation for the next Chaner renewal. the BBC announced new creatThie dwersrty targets 2nd invited SSMTto contribute to a 'thematic revie looking into how accur3tÈly and authentKally the BBC portrays and PreSents dtfferent groups and communities a(xoss the UK. Over recent dedeS the UK has become increasinEty religious dwerse. SSMT ha5 long argued that understanding what these dwerse farth communtties believe and how this arferts their world view i% a crttical civic and Social skill. Thi5 15 the approach we took in responding to the BBUS Review. D. Research ProJect: Providing an Ewdence-Base for UK Media Policy {University of Leeds). September 2024 - August 2025 The UK'S public Servi broadcasterslPSBsl have specrficremitsto provide a wide range of programmes that infomi. edutste and entertain UK cf(izens aftd support demotracy. The Media Act. passed in May 2024, enables all the U K's PSBS to fulfil thèir OblatIonS acr055 their video-on-demand IVODI services as well as their broadcast channets forthe first time. It a0 simplrftes those oblgations by removing specrficgenre requirement5, such as forarts, educatlOFI. Science, reltgton. and matters of international slgnrf1¢an, many of which are 501ely or primarily proVed by the UK'S PSBS. Th45 has led to concerns that the dtver5ty of prov*sion for UK erten5 will decline. Thi5 projert overseen by Catherine Johnson, Professor of Media and Communication at the Unwersty of Leeds. and in collaboration wtth the Intemation31 BroadcastingTru5t, and the Campaign forthe Arts will develop methods for mtsnrtoring the provision of public servicè genS onthe VOD servicesofthe UK'S PS8s. This will prOVe an eViden-baSe for the implementation and ongoing evaluation of the impact of thè Media Act on UK publK Sery1 media IPSMI and infomi f uture media policymaking. E. Ofcom meetin& 31 Ortober Following passage of the Media Att. Ofcom will be undertaking a two-phase PSM Review in eBth 2025. SSMfs ExecutThfe Dirertor Anna McNamee attended this meeting between Ofcom's leade of the review nd otherrepre5ent3twes of the PSM Forum. to reviewand respondto Ofcom's prop05edframewrxk and to respond to research they have already undertaken. F. Faith in Labour Interfaith ReptiOn. House of Lords. 14 November H05ted by Sir Stephen fimms MP, thi5 reptIOn was dttended by the Labour Party'5'Faith Champions, and representatives from fatth groups. It wa5 an opportunity to lebrate thÈ work of religious communities in the UK and to reflect upon whateffertive collaboratK)n coukl looklike goingforw3rd. SSMTw3s repsented by tts Chair, Prof Tony Stoller and his fèllow Trustee Bridget Cass. G. Meetjngwth Stephanie Peacocl Under-secretay of State for Depanmert of Culture. Media and Sport, 25 November As part of the PSM Forum, the Executive DFrettor met with the new Under-secretary of State for CUure to di5CU55'. how to support and enSthe delTrieryand prominence of a ranEe of PSM content genres including arts. religion, children's, science and interrÈ3tnal content and a sustainable funding model for PSM.
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 Drfember 2024 Monitorin achievement In order to improvè prattl and efftcacy, the SBndford St Martin Tst use5 a range of qUalatiVe and quantttative measures to asse55 need. inform strategy and track the organisatKJn's proBress. These include regular interview5Wtth key stakeholdersandthe collection and anatysis of feedbackfromthose who interact with the TfUSt. Quantitative impxt assessment ofthe Sandford St Martin 2024Awards: Numberof awards entrÈes: There was 3 total of 167 entries across four categories for the 2024 Awards. This is the highest nurnber of entries across regular categories,. receNed Sin 2017. This yeara150 saw the greatest number of entri li the Radio/Audits Category ever recorded- anawsis of the entries suggests this rise was a dirert result of r entrdnt5 from the podcasting settor. However. while the calib of the entries (eNed has remained htth, thetot31 numberof entries in both the youngAUdien Bndthe Journalism categoTies rerrbainscomparatively low. wtth entrs in the latter otegory having dropped by approximately 31Y% since 2023. A review by the executsve and informal discussions wtth stakeholders suggest the decline is a reftectn of a series of facto induding cutsto staff and output- indudin8the closure of many local stations-at the B8Cand continued financial and production pressures on the chiklren's sertor as those aUdIenS move Int25[nE1Y online. Generally,theTrusteesare sati%fied thatthe Awardscontinue to attractentries from a w¥de range of content- makèrs however. going forward Trustees will artNely monf(or the impatt audien trends and the rise of digital and VOD platForrns have onthe quality and quanitityof theentries receivedwÉth avtewto whethertt award tategories remain relevant. Detalls of Sandford ATKdrd entriesfrom 2014- 2024 Year RadiolAudio Televisionlvideo Young Audiencè 15 Othe Journalism Total 2024 93 167 2023 67 32 12 22 133 105 2022 51 28 17 2021 57 37 47 li 14 207 163 164 158 2020 2019 2018 2017 71 37 13 16 35 24 18 133 120 2015 2014 73 L4The 2021 cofflrÈttsth featLettt spe¢iJ (atggODE5degsDedtorewgnt1etrR)Th. work done b¥ broadcèster5 iontent-m3ker5 in rewnsg tothÈcDVID-19 P2rem.EtrsWgreIOVit*lfrr.. Cont1{fibrDadCa$tm8rhetdtyl-hÈ1fiWaLl of COIqD Or lockdown ihrou8h a religiDU51ETrsland CrmmLnty IfDr bfoadiAllir8Oe4na4tosupportormaw)>nreb8Th50rbeldcOttrrySdvri lorkdDwnl Entrie5 in thE two onex)ff cate8ories etstry numbersthat year. 12
THE SANDFORD sr MARTIN {CHURCH OF ENGLAND) TRUST Annual Report of the TrusteÈs for the year ending 31 December 1024 In 2021 entries and nominations were invited forthe Twstees. Award. The Joumalism category was introduced in 2019,- previousty, between 201&2018. the foLtrth category was for Interviews. In 2014, the categories induded the -LocallCommL¢nity/Online Broadcasting Award.. Audience en8aBement: Following 2023's special awards ceremony in Manchester. 2024 sawthe CeMonY returnto London whère it was held at Southwark Cathedral. Qualitative assessrnent based on stskeholderfeedbaci. In orderto monrtor and improve the impact of the Trusvs work. st3keholder5 and those who attend or partiapate in Sandford 5t Martin events are reguLady consulted for fèedback and their corllments on our work and effectweness. Some of what theve said is collated bek)w'. The Sandlord St Martin Awards= Short videoswtth some of ourAward winnersspeakingaboutthe impart of winning an award feature on our website- htt sandfordawards.or 2024-awards-ceremon Awards ftnalist are B150 sent a follow-up survey in which they are asked about the impart of being inVoed and how this has affected their work- Carotyn Bade - Dirertorlprodutèr W Llfe= I Woft't Stand for It, Ifiger Ltty 2 for CBBCI. 2024 Young AudTence winner. How has I how wil winning a 5ondlord St Mwtin Award wThtribute posilNely to you or toyour Pfoduttion £ompanV5 business dIOT repatkn? This is su£h ts prestigious we ore immensety proudof. it reinfvKe5 our mission to prndu meoningfvltontent rhcf explores importtsnt subje¢rts thotrtftrt oursoa.ety tod. How has winning an Award influenod eltlr w own lor your roNeagues'1 idea5 about how religiou5 or ethical ontent ffts into the larger broad43rting ecosystem? Idon t think the oworLI win hus infltsenced my views burmther reinfvrtrd howthi5 kind of corttsnt hu5 un importtsnt place in and public dixourse. In this chomengirjg brne fDrovr ¥rtd tsrjdformedio production, content thot thollenges notiorts explo e(hA. fvsknyng di5CUSsion ond tht7nge5, ore $0 importonL Whar w¢Id you say the Breatest Impart of winning an 4ward has been? Ihope ir's given o second lift to thefi1 roised iiitere5t in 1¢ und hq51edrnore people. young Gndold. to How mWIt you spend ihe prize money. It will bespent on thédeveloprnenr of Fjew thought-prowoking pmiects. Dominic WelLs- PrOdUr %ytd and Beyond, (BBC Radio 312024 WlAdID firtali5t How has participating in the Awards fftfvend either your own lor your L•mprfsl about how Tell0$ or ethical content ffts trkto the larger troathastlng ec05yStem? IYS mode me Fnore uwore oAiu5thowNmportont these vuiiou5 ethicol i55ues and howtheyfteed o home bmJdco5ting if they ore ro be inteffogated ppe. News stories, importont though they are. ure limlted by tirne.
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 wheRos thepmgrommes thotfeotured in these owanls htsd thE time and resourw to look into these issues morg depth. Ifelt tThly privileged to be ttIng along5e$th Dtromplftshed radio Yvpmdutrfrs. BTiO# Woods- EKeartive ProdLKer'A fime to 0. rrrue Vtslon for ITVI 2024 TVIVideo winner How h251 will winning a SarKlford St Martin Award rortribute to you ortoyour produttlon CoMpY'S business andlor reputionP Wehove olreody hud emoil of mngrETlululTOFJsfrom Lygo. theheod of ITV. To pur thi5 in ntert WÈ dldn't get one when we the for The Missin9 chr1dl yeors ogo :_} Mony people htrve noted thot thefilrn hosbeen gnised in thi5 Way. (Jftd rtis still on ITV Player, 50 1 hope this hos 0150 broughto new audien to thefjlm. low has wlnnln8 an aw¥d 1ftnuerd eiiher your o¥rtn lor your o4leagues'l Hlea5 htsw relleb)us or ethi[31 tontent ffts iDtt>the larger broal(35tirw ètosystem? We were olfft¥ody very committed ttj induding ethiojl 0ndre1w$ ntent ond l om pffjud tosoy thts is ourseLvncJ Sandfo5t Mortin, hGvNng utso 4vonfor My Son theJiht7di. ondbeen nominutedfvr5evewl otherfilms. However. this undoubtedty reinfvyres th<Tt commFtrnent. What would you w the greatest Émp% of wlnnlrrf has bèen! was incredibly proud Df thi5 film. ond Ifelt rhotjon. Ra(hEI ond the teom did (Fn outslundino job putting it together ond worfring wjth inuEdibty vttlneroble wnth-butots over o long tirnÈ. Thefilm hos been noJninutedfgrLT nurltber of other GWGrds. butthi5 1$ thefi it hfjs won. ondlcrn very ple051/of the teom that the judges recognised their cornnJiiFneDt and possion. How mlght WJU Spend the pri money. We will be developing otherfJith ethftcs-bosed pmgromrttres fvr BBCReliglDll Ortdlorini. Bat Oor Ojakn - frettor'ln the ofthe Fatherf (Beyond creatr Ltd & Renegade sioriesfor storym1. BBC 41. 2024 Journalism winner How has I how will winning a Sandtord St Mwtin Aw¥d mrrtribule p05itfvety toyou ortoyour produttion mpany's buslness andlor reputation? Ihe first thing the SLTnford St. marti Aw(¥ gove us WU5 Strength ond re(vgnition. We ore ¢7et7tor5 coming fmm o very drffjculiperiod in theMiddlÈ Ettst,. it is hord to mllintuin [ltive energy und ntil7ue mnducting re5eorth during such times. Winning the prize gove us u boost oAeneryy. knowrrtg thtit ouracolton is 5ignificont ond thjtwe huve on ifftportont role in the world. The second thino wefelt utthe teoV immÈrJse inspirotion fmm Dtherprojects. It wtss so interesting to see the orher cre0t0 und theirfilm tOPK The were ¢ye0t0 in thÈ oydlEnce rhut we thought would be interesting to meer ondpotentiulfytolloborote vthh irj thefvture. The thi. und no less importun¢ aspert WGS the exp05vre oAourpmject to o very oudieno on sotiol medio. How has wlnning an aw¥d Infiuend eiiher your own lor your colleaBues'l Jea5 about how religious or ethkAI content ffts intothe lger bToaJc*ing ecoswem? On q very personal level, ourulDmoie goulos dtKLtmentury filmmtskers is to successfvlly ¢vmbine ourde5iE to moke the world o more just und better pl11 With our obffirty kn tell osmry in o populttrwtsy. 14
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trn5tee5 for the year endlng 31 December 2024 For us, the anemotogruphy. editing. musi¢ Lndonimotion ore oll there to Èncouroge brofJd exposure to U Story thot most people would prfer not to hEur ubout. let alone deol with. This tsword 15, forus, 0 5ignrfimntproof of the rJbAlity of ola¥1 rontent tr) ueotr impott ond reodj audiences. Frtsm rhefeedbo£ we fr1¥e. we Undend thot our£Dlletygtses olst) rÉ¢ognize thepotenuulfor o (YEution to resonote bosed on itsso£yoI volve. What would you say thÈ greatert Impxt of ha5 been7 We've hadson sign(Icont prolessioTrul inquiries the lostfew duv& Forexomple.. Oft winning the owurd, we received Inouirie5from three fe5tsvols ofjd0 their rEsponse Addirionolty. two other in11105 to whith we oppliedfvrdocumentsbon ocress nODted the oword. und we believe this willpositlvely inJ7ueno their deosion& Until we know wfyith of these inquiiies will 5VIt in positive responses, ifonyi we con tolk oboutourfeellrtgs. Thisfilm was cre(Yted to give recogTribon ondstrw)gth to oll the thildrEn. the suTriv0. who uninlEntigFJully werE born inta d05ed. cult4ike commurjities 0ndendu verydJffi(vlt lives there. 7hefilm itserfpV1ded recognition to thousonds of peoplefrom differyni religions who identifAed wiÉlJ the ideq. Webelieve thut winning the owtsrd encoujugeé the pttrtioponts in thefilm to believe that their mi$5ion importLTnt They hold their heods h4gh ondureproud thatthe fllm wu5 deemed worthy of on QWLTrdun9 OthÉr importontfilrnL We. GS ueQt0. utsoIeel immense pride. How might Vou spend the pri Money. We ure considering using itfortrovel expen5e5 to reseoNth rneI story... We hope thot in ofew yeors we wffll hove the honorof being nominoted ogt7in because of it KrtstlnÈ Pommert- Produtrr,'Do the Ib8ht Thin8: Follow not the people. lavc for BBC World SeNtrl, 2024 Radlo/Audio runner up How has I how bel a fin4i5t for a Sathrd St hl¥tiTr Award (ontnbute pos11pty to you dryour produttion ¢ompanVs busfne55 andlor reputation? CTVC isAunded by the RonkFoundotioffj who ¢ire keen to See evidentr of ttje impoct of our.core remiy prOdurtns. i.e. those dealing with lgIon 0ndethi Bwng o nJnr)er-UP in the 5arJdfvrds this ye(Jr, L7nd bang purt of all the publldty omund it, is o highly wdCO exomple of5udJ impts(t We hove re1Ve me55oges of mngrorulobortfvm industy ondbeyond thFL)ugh plotfom75 like Linkedln tsnd X. This demortStroies ttjot being ofinolistund the Ultifftr wnner-up enhtinces our reptstttrion arno)7g ixjdijsrry profÉssionuls LTnd those wljo lisren to ouroutput. How has this infiuen¢ed either your own lor r COM5) Idas knvt how lelouS or ethKal rL¥rtent ffts into the larger broadcastlng ecosvstem? WSth trther oKttyrd5. we oftenfind that the 15 no Q7regory thot reully suits our religion or ethi(5-fvcused output More often thon no¢ we have to enrerprogmmmes uNtder heudinys like Culttsfe,. "H(Jrnun Inte ur Sijstainobftlity.. The Sondford Stmurtin A%lds Ore the onTIO1n1nq onnufjlawvrd wheNE outsutlike OuhS the opportunity to shine. ond rls such they ploy importtsnt Tole gffving the enti gCn pmminence yeor. We *Eolty oppreoore this uR2d Gre vèry gratelul. 15
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the ending 31 Decwnber 2024 tt is olso kvorth noting thor osfinGlists, we hove loved the opportup7ity to t7ttend the Telny. whid) is one of thÈ bett netsvorting events for those in religious broLYdcasttng in the onnuolcolendor. We reolly volue thi5event onL¢ the opportunitie5 itofvNk Iys hugelyenjoyoble too - 50 thortk youl lostbtst not leost, we kvere ext7ted Jor ourmtsin intervIee in the pNwrurnrThe. Frtynk MLJgtsho. who puts h15 lrfe on the line evÈrydoy compoigning forLGBTQ rFghts in Ugandu. Fmn told hi5 34k+followEN5 X LTb(pUtthetsw0 on 18 Ih June. sing ourplrture of the Ce¢atE thequote. Srories constrtijte the sin91É mosr powerful weapon in o leodePs IirsEnal.- We ore pleusedfvr hym thot the gove both hi55tory ondthefonh usped of 1¢ extra prominentt. (Canonl Phlllp ¥sOn - 5eTiS produor. Radlo Worslip, Thè IndÈstrurtlblEty of Hope., (BBC Aud¥0 Northl, 2024 Radio/Audio winner How has I wlll winnsn8 a Sandford St Martin Award otrUte Positity tOyDU 411 to your production comp4nV5 business •dlor reputatlon7 A wortderful b005rfor the repututioft OIBBC RelNgroo ond In irJaEa5ingly cuFWtive environment with rnally mo¢ componJe5 hoving progmmme5 a)nJnw55ioned. itis ti Ot vote of confidence in the crèo whid) wos. ot one time, '5itting tenonff. and in its obilitystsil to dellver progrgmmes ro o brood atsdIen It both respects ond undersronds. How ha5 winfiinB an ad irtfiUend ertr vr m¥n Iw ur (olew5'1 idea5 abo how relglous or ethical (xTrntent ffts into the larger broadiasting e(osystem7 This nnIng progmmme uses moinstrecrn fetsture trkIng 0ft7d storytelling tethnique5. Ourown understuryding of the brooder Ile55 fElioiousl Gudience. 95 L4dl (TS the response of the judges. dÈmtsnstrores thot theologicul/religiou5 idea5 hode wide OPPeLTI when articuluted tlri5 Vrtiy. What would yo¥ soy thÈ 8reatest imp of has been? It goes without soying thcr lorn extremety pleosed to hove won this nstpreStsgIOU5 Gwcrd ufter so yeats nkIng worship pro9mmmes ontl (in thepost) knding the teom in this arEu. MOFE broodly itdemon5trute5 thutu long-stondjng B8Cprogr(Jmme moking 17w con still cut through ro rnoke M"nning prograrnmes. Senior BBC m0fr70gement will doubtles5 noti£e. HOW might spend the money. Ihope the prize money will bDlstermedio c0rnrn5fvDrn thuth¢s ondother minoniies in Ukroine. wh05evoices f)eÉd to beheord on the European ond orld 5fage. Drew Ambrose- ReporterlProdur. Pueeyly Beloved: Swne Se¥ and the Swod, 198C World Serniol, 2024 Jourrt21ism Award final&( How h¥ I haw will betn8 a fithalkt for a Sadlord St M¥tin Award ubntrfOe p05iti¥ety to you oryour productlon (ompanvs businèss •dlor reputat)n7 It's olwoys gratrfying to be 5hort-li5ted A(pron uwrd... Andfvr50rw)ne likeme thout oAnith, it wos interesting t¢ exploFE Something Iknew v little ubout How has this infiuenod Èither wjur own lor ur ompanrfsl wJea5 ab¢YJt how relg)us or ethi¢4 0)ntent ffts irto the Iger broadtastlng ecowemP
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRLisr Annual Report of the Trustees for the year Ènding 31 December 2024 It Was temfic to sÉe/heorobout the otherenti7es. 8ut tTlso. the 5undfords moke you appwote ho¥vimportunrfoith / 5PI)7tL¢olity i5 in ourworld. ond also bhor ofr intere5tTng pfrysm itmukes through wich to view the worfd. Nadryka Gerbish- Presenterlproducer. Tr Indestructibifrty Hope.. Christmas In Uszaine. {BBC Rlio 41, 2024 Radio/Audlo winner How h35 1 how WIH wiTrnlng a Sandford St Mtin Awwd (ontrilKrte FWtr¥ty toyou or your prndutti rompanrfs buslftess andlor reputaEiottP Fit of oll, thisis the culTrJml/diplofnotidmedia 't¥nrs'AorUkwine. But 0150, It looks Ikke my colleogtsesArom thepublishln9 Andu5try rook it 115 u greot complinEnt - they evep7 highllghted the tsward in the industy new51 edition ne-24-2024 (Also, it n70de myfomily ondfrlendsliterully cry with le0 ofjoytsndgrutitudel. Hvw has winning an awwd thuÈnod elther your own lor your co1at5.) idea5 about how refEious or ethiral )rrtent fits into the larger bi(bad1n8 etOSV5tem? Sonlehow, sr InIorced thele¢linq thot whot do ocfy¢71ty PrfA TIFRS. What would you say the greatest imwt of winnkn8 aw¥d has been? Moybe, ivs o noivebelieJ. bu¢ 05 diplomot toldme on. the convetionS on the sideline5 of govemm&rttol institurions ore woy rn0 importont thon wht7tis being soidirt the moin holls. We never know howsmfjll will the 'buttEtyly' be that will Infltsen thefinoIoutffle of the wor. 8ut Ihope thor this oM)rd LWII help. Rathel Drvmmond-Hay - Co-Founder artd MaTha8 frertor •lumza Ar4wl: For¥$ne the Unforgi¥able' (Drummer TV for BBC 11, 2024 Tvlvideo finali How has I will being a fiMab5t for a 5antlford St Mtin Award (rjntribute poslti¥tly to you or your produ(tion £ompany's business andlor reputi0Tr7 All award5 are realvalUable in their own right For us love the Sandford Awards as tt)ey are 50 well thought of across the industry and such hÈgh caliber of lirkalists. It's greatfor us as it looks good for our commtssioners and helps spread OUT reputation as & compèny that rnake5 great qualtty programffle5. How thls InflUend ercheryour i)wn lor your comwvsl ideas about how rellw$ orethlcal conterrt fits t0 the larger bfoadcastlng erosy5tem? We h3ve now been a finalisl Iwinner I runner up on a nrnr ol occasions but tsnlyone of the pro8rarTKnÈs was a religion comrnission! Finandal review HistorKally theTrust has rei¥edthefJnallcia1SUpport neededtodelwerits remitthroughcarefulstewardshp of tt5 fund. The adoption ola newstrategy in 2014 in rèsponse to an in(Teasingthreatto religious and ethirJlbroadcastr ha5 resulted in the growth of the Trust and its imparts but has also put newBnd addrtional pressureson the Trust's resource5. Followinga furtherstrategic review in 2017 3rÈd again in 2024 theTrustees haveijndertaken new fundraising effort5 which will allow the Trust to continuè to run its annual Awards and to maintain f(s advocacy work- lobbyingand pro-actNety eng8gingwtth keystakehohjers, mediaand partner urBanisations.
THE SANDFORD sr MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the yev ending 31 December 2024 Income irk 2024 was £26,1 n12023.. £32.950) and exPer¥JreWaS £176.455 (2023: £189.228). Expenditure on charEt2ble aCtNe$ decreased to £175.071 frryn £187.440 in 2023. The overall net movement in funds was a deficit of £126.977 (2023.. deficit £139,596)- Unrestricted funds decreased by £126.660 {2023.. decre3sed by £133.122) after tsknng into account the net gaiTr of £23,306 (2023.. net gain of £16.6821 arising from re¥IaOn of the charÉcy's invesrment porttotio. RestrKcted funds decreased by £317 (2023: decrwe £6.474). Investment Policy & Performance The char-rtls lorkg term rnvestment objectf4e is primarity to seek a hEh distribution from the investnnt portfolio, Whi aiming to maintain the capital in real term5. The portfolio i5 now invested in the C3zeTr)ve Responsible Muhi-Asset Fund IRMAFI which has a Responsible investment policy with exclusionary screen5 and with a focus on 5UStaÉnable companies and impacL Over the long term. the Fund tsrget5 a return of CPl+4%, with 3 strategy of holding 7(Vo in global equtties. ILPA in property, ICY% in fvKed income. in atternatNes and 2% in cash. Whilst around4% wouEd nornia1 be distributed each year, 16% was distributed in 202412023.. 25%). The portfolio is managed by Cazenove Capital Management Ltd. No direct investment is to be made in componies Invofved with the monufacture of amis. Investmentsare stated atmarketvalue atthe balanceshÈÈtdate. The Statementof FinantialActrvities (SOFA) includes the netgains and k)sses arisingon the revalUatn and disposals throughout the year. In 2024, the income retum was £25.W (2023.. £3L7751. The chariVs investment portfolio made a net gan on revaluation of £23.3(E12023'. net gain £16.6B21. Risk Management As part of tts 2024 Strategy Review, the Tnjstees. overseen by the Chair. conducted a fevÈew of the chèFttIs risk gISter.The register s monttored quarterly bythe Finance AdMsoryGroup. and all newoutputs orprojects are assessed for risk before they are signed off by the TfU5tees. RkS are considered in ten keyareas:1055 01 keystaff- h)ss of ac5$ to buildings.. IT failure,. operating outsKle the terms of the Tnist: putational risk- market risk linvestmerrt perfonTAncel, theft of funds, cyber-at depletion of funds and data protection risk. All identrfied risks are assessed forboththe Iil(elihoods of occurrence and potential financial and reputational impact. M*tigating controb are then consmlered and adopted as deemed PTudent. The TrusV5 risk manageFnent5trate8yfomispartof theTrusVs pL3nningandfuturestrategy pro5$,8g81nStwh1chthÈ trustees review Prog55 every year. 18
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the TrUrt for the year ending 31 December 2024 ReseNes Polioi The trustee5 recogni4e thattheCurrentleveloffr reservesof £553.324(2023=£679.9841 outoftotal reserve5 of £555,295 12023= £682,2T21 afe insufficientto meetthe purp05e50fthe TnJ5t in the longerterm as, in most recentyeafs, the Trusteeshave drawnonthe ExpendaLqe EndowmentfundsinordertodÈliverthe strateEya5 reviewed in 2017. Wrth little 3ddrtKJnal funding received in the year, Trustees needed to draw on the Expendable EndoWnrt funds to cover expenditufe. The Twstees will contFnue to review the fundraising strategy to ensure the charit¢s future sofvency and to ensure it has sufficient funds to continue to pursue its charitsble purposes. Plans for the fUre The Sandford St Martin Twst is a lasting testimonyto the generosityand charitable concèms ofthe founder, Sir Oavid Wills. Since e5tablishmentlA 197& the Trust has dèliveredon its purpose of promoting a better understandSng of religksn and relÈlous Irteracy thmugh the administration of the annual Sandford St Martln Aw3rds. Since 2014 the Trust has expanded its outputs to rn0 attelY engage with Stakeholde and to extend its reach and influence throu8h new oUta(h projects.This hasseen theTrystcollaborate with IEW partners The Voice ofthe knstenerand Viewer, the Intemational Broadcasting TNstand the CampaiBn forthe Arts among Others. Among the Trusvs prioritles for 2025 are- Fundraing Following passage of the Media Act120241. SSMT will f¢XUS on Stngthening refatkgnships with arKI lobbying Ofcom and the DCMS regarding prOteCtn$ and regulation for religious broadcasting. PS8 8en5. In preparation for BBC Charter neWa112027j SSMT will articulate and promote the social valve of good reliqlous and ethical broadcasting. celebrating the best examples of this kind of content on broadcast and social media platfom)s while advo¢atin8 for the prominence and accesslbillty of this genre across the UK's broadcast pLatforms- To participate in and conduct new researth across new digital platforms to asses5 and monitorthe prominence. qualty and quantty of reli8bOUS and ethical content free avallable to UK audien5. To use rts resOurSt0 make the case for effective broadcastingorcommissioning strategiesthat will protect and promote religious broadcasting by liaising direct with decision-makers in the broadcasting industry, regulatory and government leveF5: To support rellgious Ir(eracy forjoumaltsts and bro3deasters including through stakeholderoutreth, events and partKipatron in professional symposia, festivals or conferences - To use the TTUSt'5 online platfomis. 50tial media and press engagement to bring like-mirKled individua15 and orgarEisations iogether to collaborate, share experien and expert15e,' 19
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Trustees for the year ending 31 December 2024 In the next 12 months, the trustees also anticipate: Further funding and strategy rÈviÈws indudtn8 snar) planningi Lobbyingand response relatingtothe nnplement3tion of the new MediaArt and the developrnentof measuresthatwill protect a Eood quality and quantity of religious and ethiL31 proErammingas a core part of publlc serVe broadcaster5, obl4gatbJns: New research and outreach focused on Stakeholde working outside "traditional" religious broadcasting and those working in di8rtal and soual media. StnKturei governance and manapment The Sandford St Martin Ichurch of England) Tnjst Is a registe charty. number 277370. regulated by a declaration of trustdated 30 November1978 as varied on 22 October 1981, 25 JU 1989, 30 September 1998, by a CharV Commission Scheme dated 24 Juty xfj, and in Juty 2017. The Trust was established by an initial grft from Sir David WIlLs in 1978. PviOus funded by careful stewardship of our Founderfs gift and passNe support from a number of charitable tnjsts, the Sandford St Martin Tru5t'5 new advocacy work sees the Trust working harder to extend 115 influence and build new partnerships in govemment.amon8 regulators. in the broadcasting industry, amon8 Pfogramme-makers and in edUcatn and tralning. New trustees may be sought by open advèrtisement, social medla or through dialogue wrch key 5takeho&Jer 8roups working in the media, partner or relgious organisations. They are appointed by the Chair wtth the support of the Trustee5. Trustees 5eFve forfive years after whith they may put theMSeeS forward for re- appointment. The Trust Oeed provides for a minimum of fNe Trustees to a maximum of twelve Trustees. Furtherwork implementin8the TfU5t'saciNities is undertaken byTnJstee advisory8roups, which focuson kev areas of the Trust's work. These indude an Awards Group. a DevelopmentGroup, a Finance AdvisoryG and a ManagementGroup. At quarterty Trustees, meetin& the Trustees agree on the broad strategy and areas of actNf£y for the Trust, including the adMinistratn of the Awards, new outreath projects, risk managemeni and performan. day-to-day administration of theAwardsand the Trust's actNities are delegateclto an Executwe Dirertorwho is supported by an Events and Content Producer, an Office Administrator and an Attountant. The Trust also relies on a network of consuttants who are engaged on an ad hoc bas4S to support. produce and delNeT the Awards and other3rtÉvities as reqvired. These include ITsupport. solKttor5and a human resources consuRant who speck41$5e5 in advice forsmall non-profii organisations. The Trustees seek to follow the good prd(tKe set out by 'The Essenttal Trustee" issued by the Charitv Commission and "The Good Trustee Guide" publshed by the NCVO. The Management Group review5 ski and the composrcion of the Trustee body. Succession planning and recnjitment of new Trustee5 for their expefien,ernPathvand knowledgeof the charityand itsobjertNes is undertaken bythe board. as requId. On appointment, newTrustee55ign aTrustee dedaration. The induction prO$S has been adaptedtofolbw the NCVO'S 8ood Practi and indudes an initial meeting wtth the Chair, as well as a Series of meetings with the Executwe Dirertor to discuss projects, powers and respon5ibilrfcies of the board and the advisory 20
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Annual Report of the Truste8s for the year ending 31 December 2024 groups. The Tnjstee wekome pack indudes a historyof theTrust. copies of the minutesfrom the most recent three trustee meetings, the current annual budget3nd cash flowstatements, copies of the last annual report, a Copy of the governingtrust deed and copie5 of the Charrty Commission's BudanCe The Essential Trustèe.. Whatyou Need to Know'andthe NCVO'S Yhe Good Tmstee Guide,. The Tnjst is a member of the NCVO which provides irÈfomiatx)n, resources and training on good prdrtice. changes in the law affecting charities and acts as an authoritatNe k)bby on behalf of charitable foundations with govemment and regLslators. Key management personnel remuneration The Tnjstees consider the board of TfU5tees and the ExecutNe tirector (part tarrkel a5 comprising the key management personnel of the chartty in charge of directing and controlling the £hariry and running and operatingthe charityon a day-to-daybasis. AIITrurtee5gNe of theirtimefreelyand no Trustee remuneratiyi was paid in theyear. Details of Trustee experse$3nd related partytr3rasaLtions are disdosedin the actounts. Trustees are required to disdosè all relevant interests and register them with the board. Trustee5 and consultantsare askedto declareany potential conflicts of Trntere5tat the beginningof ÈveryTrnst meeting. In the event of potenti21 conflicts of interest, the Trust's poly is that Trustees shovld wrchdraw from the decision-making process- dependant on the majority deClon of the board, the conflicted Trustee or board member may abo be asked to wtthdraw from any di5Lvssions of the matter. The Trust does not prOse1Se. nor does it undertake any religious actiV4ttes as an organi5ation. The fees paid to the charity's ExeoJtwe Director. the Events and Content Producer, the Office Administrator and ad hoc consultantsare reviewed annually. Payforconsuttants is ben(h-fflarked through coMparisor with pay fDf 51milar roles in organisations of comparabte Size and artNity to ensure that the reMuneratn is fair and not oijt of line with that general paid forsimilar roles. Internsand students doingwork-experiencewE also paid. The Trusvs pay structure i5 re8iJlath reviewed and is In keepingwrth a commitmentto payat least the knving Wage. Trustees. re5ponsibilrties in relation to the finanaal statements L2w applicable to charities in England and Wales requires the Trust to prepare financial statements for each rinancial yearwhich give a true and fairview of the 5ttuatK)n of the Trust and of its income 3nd expenditure forthat period. In preparin8 the financial statements, the Trust is required to- Selert surtable accounting polKies and then appfy them consistentty Make jLtdgements and estimates that are reasonab and prudent State whether applicab accountin8 Standards and statements of recommended practice have been fDllawed, subject to any material departures disclosed and explained in the financial 5t8tements Preparethe finanoal statementonthe8oing COnM basis unless rt is inappropriate to presumethat the Trust will continue in oper3tKJn for the foreseeable future.- and Observe the methods and principies in the Chatitie5 SORP IFRS 1021- Approved by the Tnjstees on 14 February 2025: Dr Tony Stoller Chair 21
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRLIST Annual Report of the Trustees for the year ending 31 December 2024 Reference and Adminlstrative Detai15 Name of Ch The Sandford St Martin Ichtjrch of England) Trust Reglstered Charity Number 277370 RegisteTrd Office Room 202. Church House, Great smith Street, London SWIP 34Z Bankers CAF Bank Ltd. 25 Kings Hill Avenue. Kings Hli I, West Malling ME19 4JQ InvestTf*rtt Advisers Cazenove Capital Management Ltd. 12 Moorgate. London EC2R Independent Examintr David Wtlsdon, GreenAccountanry Ltd. Windrush Hous<Windrush P¥k Road. Witney. Oxford OX29 7DX Soliators Sarah Humphrey. Trethowans LLP,The paviOn. Bot18 Grange Business Park, Hedge End, Southampton S030 2AF Carla Wh31en. Ru5sell-Cooke LLP. 8 Bedford Row, London WCIR 48X Trustees DrTony Stoller (Chairl Ngunan Adamu Aaqil Ahmed Bridget Ca5S Tim Daykin Claire Hozng Duncan Irvine (acting Deputy Chair) Tom Loxley The Rt Rev Beverley Mason Joanna Moriarty Tornmy Na2ra David Sttachan appointed 14 Febnjary 2025 retired l March 2024 appointed 14 Febru3ry 2025 Executlve Director Anna McNamee 22
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Independen¢ Examiner's report to the Trnstee5 of The Sandford St Martin (Church of England) Trust I report to the Tm5tees on my arn1naty0n of the accoLEnts of the The Sandford St Marttn (Church of Engkndl Trust (the Trust} lor the year ended 31 De£anber 2024. Responsibilities and basis of report As the charty Trustees of the Trustyou are re5ponsblefor the preparation of the accounts in accorda) with the requirements of the Chariues Act 2011 {the Att). I reporc in respectof my examinatio¢) of the TruK's acctyjnts carried out under section 145 of the 201 I kc and in carrying out my examinarion I have folkmed 11 the applicab Directions gTrven by the Chariy Ci)mmission under 5tIOn 145(5}Ib) of the A£L Independent examiner's statement I haye cornpted my examination. I confirm tha£no materd matters haveci)ffle ro my attention in connect* wtth the examinauon giving me cause to believe that in any material respect l. a¢¢ouncing records were not kepE in respecL of the Trust as required by section 130 of the ACL or . the accounts do nor accord those records: or . Ehe accounrs do not c¢)mptywith the applicab reqLNrementsciyJcemiTrdthe form 3nd content of accounts set out in the CharEEies (Accounts and Reporrs) RegJlation5 2008 other than any requirement that the accounts we a 'uue and f¥"r view which not a matter considered as part of an independ[ examination. I have no concerns and have come aeross no other matters i) connection wh the examination to whk attentton Should be drawn in thi5 report in order w enabk a proper undeding01 the accounts to be reached. David Wi15don FCCA Green AccountaneyLtd, Windrush Hous< Windrush Park Road, Witstey• Oxford OX29 7DX Date. T/2 2025 23
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THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Balance Sheet as at 31 December 2024 2024 2023 RxÈd Ass•ts T3nWble asgtu Invesrmenu 625,701 Current l•tr D¢btors Cash h¢ld fr Jn¥¢sctrnfit Cash at bank &364 51.419 20.673 412 17.174 21.424 J,456 Currnnt IlabllJti•s Amounts due wtthln on• 114.629) (23.985 Net tyr¢n¢ assets 6,795 5&571 N4t aM•ts SS5.295 682.2n The note5 pazes 26-34 fomi part of these financial statements. The financmt statemenrs were approved by the tru5tee5 an 14 February 2024 and Sied ¢)n their behalf by.. Dr Tony Stoller Chair 25
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the FiTrancial Statements for the year ending 31 December 2024 ACCOUNTING POLICIES The principl xc¢wntin8policies adopted. 1ud8wnts and key sources of estimation or uncertainly in the prepara(itin of the fInanCk statements are 3s fdknvs. Basls of accounting The financrdl starements have been prepared under the Charities Act 201 l and in xcordance with the Charities Statement of Recommended Practice {CFwitses SORP (FRS 10211 and Financ Reporting Stantsd 102 {FRS 102). The financ 5raternents arè drdwn up on the historical cost basis of accounting exceptf investment assets. which are shown at fair valu Your a¢tentJon is drawn to thefxt that the Charlty has preparedtheaccounts In ac¢¢rdancewlth Accountng and Reporting by Charities. preparing their accounts in accordance with the Financial Reporting Srandard applicable in the UK and Republic of Irend IFRS 1021 in preferen¢e io the Accountingand Reporting by Charityes: Sratemertt ol Recommended Pracoce i55ue(i ry) l April 2005 which is referred to in the extant regulations but has sin¢e been withdrawn. We understand that thi5 has been done in order for the accounts to show a true and fair view in accordance wrth the Generally A¢cepted A¢¢ounting Pwtycefor repcrti periods be&nnlng on er after I january 2015. The fin¢ ststemenrs include all tranwtions. a55w and lilI•e$ for whKh the charity is resp¢)nsible h law. The charity meets the definruon of a public benefrt enrrty under FRS 102. For the finaAciI year 2015, the Charity SORP Update &Jlletin l ¥ptyingfrom l January 2016w35 earty-adopted; this gave exempti smaller charities on includinga cash flow statemenL The presenrational currency is 5terlin& rounded to the nearest £ l. Going Concern There are no Mater uncertainues about the ¢harty's ability to continue and accordlnts the accounts hwe been drawn up on a going con¢em basis. In¢ome Recognition Voluntary income and dt)narhJns (including legacies) are x¢ounted for once the charity has enrirlement to the incorne. it ¢$ Prtsbab the income will be received and the amount of in¢¢)me receivable can be rellab measured. Income frorn the recovery of tax on &ft aided donations or investment income Is a¢¢ounted fer in the period to which the reSevant donation or invesDnent income is recerved. Grant income is recognis*J on a receivable basis. Investment in¢M)e arises from a portfc4io of Snvesrments whKh are managed by Cazenove capit Magernent L. All income is accounted for gross. Interest on fund5 held on dep05rc 15 clUded when receN3ble and the amouni can be measured reliably the charity,. this bs nOrmty upon notifKation of the intere5r paid or payable by the ban Where applicabl@ expenditure included in Raising Funds include5 3mounts incurred in obraining grants and other donatyon5. 26
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Flnancial Statements for the y&v ending 31 December 2024 Expenditure Recognition ExpendrLure is accrtsed a5 500n 3S 2 linbility considered prob3ble, amd the amount of the obligation can be measured roliably. Longer tern) liabilities are discourhted to presen£ value. The chariry is noz regsiered for VAT and accordingy expenditure Includes VAT where approprmt Charitsbleexpenditureinclud¢5thosecosts li fijffillingthecharity's prineipalobjects.3s oudined inthe Report of the Trustre5. These include grants payknl& governance costs and an apportionment of 5UPPOrt cost& Grants and donauons are accounred for when paid over. or when aNv7rded. rfthat award creates a binding cr Consiructiveobligatson the chariry. Governancecostscomprisel costs involvingthepublic accountabiky ofthe tharrty and its complrancewith reguktion and8d prncrict These costs include COSLS related tothe independent examin2t)n and W fees. Tangible Fixed Assèts Tangible Fixed Assets used a continuing basis for the work of the Trust are deprecAted a strt-line basis over thrÈÈyws {compuzerequipn*ni) orien years lfixturesandfittin851. IndNiduaiiiem5 of compurer equipmentand fLxcures and frttyngs a purchase price of £1,000 or les5 are expensed when the asset is acquired. Fixed Asset Investments Investments are suted at far Utt at the balance She daw The SOFA includes the nei gatns and ioss arising on revajuation and dispos31s thmghout the year. Debtors Debtor5 are Inclded ar the settlemeni amInt due. Prepayma)rs 3re vlued at the 3m¢wnt prep&d. Cash at bank and in hand Cash at bank and in hand irFcludes cash and shortrerni deposits wth aWhdraWal notice period of no mor than 90 day5. Creditors Credicorsare reco&Sed wherethechariryhasa pr¢sthtobligatson arIsgfrQrn apa5teventthatwill probab r¢svl¢ in the transfer of funds to a third party and the amount due to se¢de the oblipiton be fftts5urryJ or estimated reliabty. CredtLof5 are recognised at thwr 5etdemenr am(¥JnL Flnancial Instruments The chry onty has financiai and financi liabilit of a kiTrd that qualrfy as b3sK financkt Sn5trumen Basic financial instruments are initdty reco&nised at transaction v3Jue and subsequendy measured at ther settlement valu Critical accounting estimates and areas of judgement In the view of the trusiees in applying the Iccwng poltcies adopted. no judgements were required th3t have a SI[ficant effect on the amounts reCOgned in the financkil statement5 nor do any estimaw or assumpcions made carry a SI[fiCanT risk of rnaten adjustment in the next flnaftCi year. 27
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financial Statements for the year ending 31 December 2024 Fund accountsng The funds held by the ch3fiLy are either. Unrestricted fvnds that can be used forthechariry'5 rydinarypurwJse& These incluthfunds d18n2tedfcr a parucular pijrpose by the uuszees. Restrirtedfunds represent donatyons receNed for a speciPK object or invited by the char for a specffj object. The fund5 may onty be expended on the specrfK i)biect for which they were wen. Any balan remaining unspent at the end of each year must be czrrted forward as a baknce on that fund. The expendable endowrnerKfund reprewts the charrfs capid. Incomelrom investments and short tffm deposffs 15 available for the unrettricted general purposes of the ch3rry. The trustees have absolu discrettonary power to app the expendable endowmen¢ of the charicy for S charitable purposes. 28
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financlal Statements for the year ending 31 Decuther 2024 INCOME 11 Donations Fund Fund 2024 Fund nd 1023 142 142 463 463 142 142 463 463 12 Investments Total 2023 Fur¥J 2024 Ftsnd Fund Investrnent incorne Tax rect>v¥3ble Bank in¢ere5t 31.775 31.775 946 712 712 2&030 2&030 31487 32.487 Totsl Income 2&1n 26.172 31950 32.950 29
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financial Statements for the year endFng 31 December 2024 EXPENDITURE Unrestricted Restrlcted Endoviment Fund Fund Total 2024 Totsl 2023 3.1 Raising funth 1,384 1.384 1.788 1.384 1.384 1.788 Awa¥ds'. R2dio & Tdevtslon Aw3rd5 Ouueach- Chvrth & Media Conference Er*tert3inmendhospitslity Public RdatiDn5 & CommunicaTSonk" Show rEds & de03 Wobsite Marketing 65.936 65,936 66.668 317 317 65 90 818 1.131 627 627 Trustets. n)ee¢tng5 Independent examiner fee Advlsw Groups Consultr 3,564 1.158 9n 1.303 71 1.158 lJ40 45,735 36,049 133 10.776 46.275 44.273 410 6.879 5.025 45.735 36,049 733 12.768 4.742 Sraff S3laits Trwning Office Premise5 Office Cornputers Dee000Th Admir¥strntio 11768 4.742 2.632 1632 2.686 174.754 317 175.071 187.441 Totsl Expendr¢ure 174.754 317 1.384 176.455 189.229 3.3 Staff Costs 2024 2023 Wage$ 2nd s31arie5 Social se¢uftry cosrs Other pwsion tosrs Terrninatyon wymert 35,347 34.563 702 710 9.000 36.049 44.273 The Trust currendy has 2 employees. who both w¢)rk part-rim No employee received more than £60.000 in employee bpmefifs. No employee left employment in the year. The term¥nauon payment VQ5 pd to one employee 3S compensarion. due to the cÉrcumstances ol their le2ving the Trust's employmenL12023.' one person left employmen£) 30
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financial Statements for the yw endlnz 31 December 2024 EXPENDITURE {contlnued) 3.4 Key Management Personnel The Trustees consider the boardof Trustees and the {p¥r4ime) ExeoJtNe Secretaryas comprising the key management personnel of the charity in charge of directing and conErollingthe eharity and runni and ¢¥erating the chariry on a day-t*>day basis. All Trustee5 we of their time freety and no trust remuneration was paid in the year. Details of Trustee expense5 are shown in Note 4 and related patv transactions are shown in Note 9 in the accounrs. of key man4tmen¢ per50nneJ remunemi is aiso covered on page 18 of the rrus[e. reporL TRUSTEE INFORMATION Noneof the trustees received or waivedemolumen¢s in the currenror prccedingyear. Duringthe year four tru5tees12023: three) received reimbursed expenses of £1.39412023.. £1.160). All reimbur5• expenses related to travel, subsisrence or accommodarion costs. There were no dcnari¢)ns from Crustees (2020: nll). TANGIBLE FIXED ASSETS Computer equlpment Cost At 1 January 2024 Additions DisPOsals At 31 December 2024 6,975 6,975 Accumulated depreclatlon At 1 January 2024 Charge for year 6,975 At 31 December 2024 6,975 Net book value at 31 December 2024 at 31 December 2023
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financial Statements for the year endin8 31 December 2024 FIXED ASSET INVESTMENTS 2024 2D23 At 1 january 2024 AcqulsrJon5 ar cost Sales proceeds of disposals Re31i5ed gn1(hs) on disposal Unrealised raiAllloss) relUatiOn 625.701 810,855 11Q),5071 20.531 2,775 1201.8361 33,857 117,1751 At 31 DecEmber 2024 548.5C(I 625,701 Cash h•ld lor inwsun*rt 442 51,419 548.942 677.120 Hlstork cort Ar 31 Decemr 2024 427.595 507,571 Compr151n8: Multivasser Funds [tr[l¥eS- Property Cash hdd for in¥esungn¢ 32
THE SANDFORD ST MARTIN (CHURCH OF ENGLAND) TRUST Notes to the Financial Statements for the y&v endÉng 31 December 2024 DEBTORS 2024 1013 T&¥ refund5 recoverab Accrued ncOlne Taxation )d 50cd secrity Prepaymenrs 43 43 4S6 3.765 381 8,364 Financi assets are measured at amorti5ed cost They comprise the tax refunds recoverdble 3nd accrued income baknces included in Nore 7. CREDITORS 2024 2023 Trade creditors Accru5 Taxition and socd SeciLY Orher creditors 5.317 8.9C() 19.247 4,443 195 14.629 23,885 Financd liabilitÉes are Mured at amrried COSL Thty comprise the trade creditors and accruals batances inclLtded in No 8. RELATED PARTIES There were no related party tr3ns2rtK)ns in 2024. or in 2023. 33
THE SANDFORD ST MARTIN {CHURCH OF ENGLAND) TRUST Notes to the Financral Statements for the year ending 31 December 2024 10 FUNDS Net GaÈns Income Expendlture Transf•rs (Losses) Batanc• 1.1.24 ance 31.12.24 un$ttted Fut)d Resti7cted Fund&" Dulverron TNSE EndowtTrenr BJnd 26.1n 1174.7541 1317> 1317) (1.3841 148.582 1.971 1.971 551.324 679.984 {148.5821 23.306 68UT2 2&1n (176.4551 23.306 555,295 The unrestricted fitnd is a gener fijnd held lor the gened objects (Athe Trust's work The reStriCd funds represent don85 tQW3rds the COSE of dlvebping the Trust's charrtrab accbvits. The expendable endowmen¢fund represents theTnJst's Cap. Income from invesDnenrs and sh term deposrt5 is avatknle for unrestrictedgeneral purposes of the Trust The trustees have absolu dCrets0nary power to appty the expendable endowment of the Trust for 5 charffable purpos Amounts are transferred to the unrestricted fund to 511PPOrt the chariry'5 activitte5. I I ANALYSIS OF ASSETS BETWEEN FUNDS 2024 Total Unrestrlrted Restrlcted Endovmnt Fixed Assets Investment Assets curre Assets 548.5fy) 4.824 548.500 6.795 1,971 1.971 553.324 555.295 2023 Total Unrestricted Restrrcted Endowment Fixed Assets Investment A55ets Net Current Assets 625.701 54.283 625.701 5&571 1288 1288 679.984 681272 34