THE COMMUNITY OF THE PRESEMfATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity r•glstr4llon numb•r. 29726e THE COMMUNITY OF THE PRESENTATION TRUST REPORT AND FINAKfTrAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2024 Contsnts Pag• Charity Reference and Adrrintstralbve Details TNstees' Annual Report Inijependent Examinerf5 Report Stat8menl of FinancAal Acli¥Aiies Balance Sheet Notss 1¢ Ihe Fin8nci81 Statsments 8-14 THE COMMUNITY OF THE PRESENTATION TRUST REFERENCE ANO ADMINISTRATVrfE DETAILS ChArlty ￿gIStration nUM￿r 297268 Tru$teeJ Rev &A Piekèrsgill (Chair) G H Parsons ￿reasUrer) R E FTrnlinson MBE E A Spence Rev D J Ro￿r ttr P R E B￿￿ter Prlnclpal Addresj PO Box 933 Canterbury Keftt CT19AN Independent Eumin•r S Jennlngs. FGA Azets Audit Servic•$ 5* Floor Ashford Cofflmerryal QuArt8r 1 Oover Place Ashford KÈnt TN23 1FB Bankern BarcFays Bank PIC 66 H¢gh Street Ashford Kent. TN24 8TL Inv•stm•nt managws CCLA 1r¢V*$tm￿t Managemenl Limitsd 85 Queen Victoria Street London E￿v 4ET ThE GOMMUNITY OF THE PRESENTATION TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DecEM8ER 2024 The Tru510•# pr•$•nl their r•port and finanual slate1￿￿*# of rharity *Jr the yèar trnded 31 Decembtr 2024. The Tnjstses have adopted the pro￿S1onS ol the Statsment of ReconTrnded Praclice ISORPI "A¢ctsunting and Reporting by chari￿"es. IFRS 1021 in preparing the annual reptsrt and ffflancAal statements of the charity. Th• financial stalements have been wepar¥d in attO￿ance V*ith the atrounting ￿1•[1e$ set out in notes to the accLJunts and comply wth the charity's goveming docuff￿nI. the Charits"es Act 2011 8nd Accounting and Repor*ng ty Chanties." S18t8ment of Re(ory￿ended Praclice 8ppIKabl¢ to charitses preparing th•ir accounls in accordan¢¢ the Financial Reporting Standaffj applicat4e in the UK and Reput4icof Ireland publTrshed in lknber2019. TNsts•$ ol the chaiity Thg Trustees vtho havg ¥8rv8d during th8 year an¢J *nc6 the year end wgr• as forb￿￿.. Rev &A Pickersgill IChatQ Rov Canon N Woods Idèc•ased) G H Parsons ￿reasUrer) R E Finlinson MBÉ E A SrAnca Isecretaryl Rev D J Ro￿r lappoift18d 4 December 2024) CY P R E Bywater (appointed 4 De¢embgr20241 Obje¢tivo8 and aetFvlli•s Thè objèct of the charity is the lurtherance ol such charitable purpose$ nol in¢onsistent %%ith Ihe do¢lrin•s And principl96 ol the Church of England a$ thè members for thg tsmt b6ing of the Convnunity shall selecl. To maintain and Fyeserve lh$ Burfal Ground. R•li8ving person5 tho are sick, o)nvales¢ant, t*sabled. handicapr¢d or infirm by proW(￿r0 or paying for items. Serv￿95 and facililies which are calculated to allfrwate the s(rflerirvJ orgssist the ￿C￿very of 5u¢h persons. In fvrth¢ring other chaiitabltt purposes Th)1 ir¢con$bgtsnt Ihe dodrine$ and prlnciFles of the Church of England vmh a prof8r6r￿ lor fvrth¥nng the Tel￿￿u$ and 0thercftarila￿e of Ihat GhutL*. Publle benefit $tAt•m•nt The Trustees confimi Ihal th•y have Teferred to lh• guid8rKe conts1n￿ irt the Charity Corniission's 98nefal gumlance on Publ￿ benefil r&wevAng the TNst's aims and otpctives and in planning futsjre athib&$. Aehi•v•ments and pÈrf0rn￿nc8 I￿ring the year ￿ Mere able to make donations lo 46 12023.. 491 oYganisath)n5 in th¥ year. Appftcatron5 from organis¥tions are considered at the warterfy Trvst8e meèb.ngs and a¢knovAedgrrEnts of our support are requested from each organi$ations. Our investrneni portfolio. bthich our main source of incomg. rètumed an unrealised ol £62,02312023". gain £184.9721 The perfomwnce of each in¥•stment was con5id8TEd ty Ihe Trustees during the year. FlnAncial revièw lineluding r•sorv•$ pollcy) Invesvneni income ioialllng £76,090 12023". E74.922} wos tEceiTrtI duritlg th• yoar along *hilh int•r•*t antrjunting to £1,89912023'. £9681. Charitable donations totslling £76,[￿ 12023.. £73,COJI made lo 46 12023". 491 oryJanisations in th• ytsar. Other costs lotalling £2.088 12023.. £2,Q871 ￿ETe incufred resulb'ng in a net defiot for the year of £9312023". Su￿U5 £8031. The unrealised gains lor Ihe year amounted to £62,02312023'. Un￿alIsed gains £184.9721. Tho increase in nel funds for Ihe year amounted lo £61,93012023". increase É185.7751. In ac£ord&nce wih the Charity Conyrrission guidan¢tt, th¢ Trusts revi￿45 on a r*wlar basis the level of income ￿serveS that it considers appwpriate. At 31 Decern￿r 2024, the TnJstee$ considfrr it appropriate to hold no free reserves and have deemed all frjnds, wlh the exceplion ol the pernynent &n(k￿rnI lund, as desvJn8tad lunds. The designated seNes at 31 De￿[1*&r 2024 arTh)unle(I to £23292￿ {2023.' £2.167,360}. Freehold land couyrising the Burial Ground is vesled ￿ th¢ Offi¢431 Cusknthan fr)r Ch•iti•s and is slated al nominal value agreed al l January 1985. **THE COMMUNITY OF THE PRESENTATION TRUST** ## **TRUSTEES ANNUAL REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Plans for future periods** The Trustees are satisfied that the investments strategy adopted will enable them to continue to make donations which fulfil their charitable objects in the future. ## **Going concern** The charity generates funds from its investment portfolio and donates cash available in its bank account every quarter. The charity has no formal commitments as regards its donations. ## **Structure, governance and management** The charity, which is registered with the Charity Commission under number 279268, is established under a Scheme dated 28 March 1985. The body of the Trust shall consist when complete of at least 5 competent persons who shall be communicant members of the Church of England being three Nominative Trustees and two Co-operative Trustees are appointed at a special convened meeting at which 21 days’ notice must be given and must consist of at least 2 op-operative Trustees. Under a Scheme established by the Charity Commissioners on 28 March 1985, the property and investments formerly administered as assets of the Community and the Presentation were, other than the sum of £8,000 in cash, to be administered as the property of this Charity. ## **Permanent endowment invested on a total return basis** The charity has been granted the investment power of total return by the Charity on 28 March 1985. This power permits the Trustees to invest permanently endowed funds to maximise total return and therefore to apply an appropriate portion of the unapplied total return to income. The unapplied total return remains invested as part of the permanent endowment until that power is exercised. When exercised it allows the Trustees to apply an appropriate portion of the unapplied total return to income each year. Investments are shown at market value. Details of investments are contained in Note 8 to these accounts. The Trustees consider that the unrealised element of investments, which are arrived at by uplifting the cost to market value, does not form part of the funds available for charitable distribution. ## **Trustees’ responsibilities** The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2015 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board E Spence Secretary to the Trustees Date: 31 March 2025 3 **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE COMMUNITY OF THE PRESENTATION TRUST** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** I report to the Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 as set out on pages 5 to 14. ## **Responsibilities and basis of report** As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounts records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **S Jennings (FCA)** ## **For and on behalf of Azets Audit Services** 5[th ] Floor, Ashford Commercial Quarter, 1 Dover Place, Ashford, Kent. TN23 1FB Date: 6 May 2025 4 THE COMMUNITY OF THE PRESENTATION TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOEO 31 DECEMBER 2024 Unrnstslct•d Endownwrrt funds fun(ts 2024 Total 2023 Total Income and endowmènts from: InvestnEnt incomts Interest receivable 76,0 1.899 76.0 74.922 Total in¢omè And •rtdo*Jnents 77,995 77,995 75,690 Ex￿ndItUrn on: hantsL4e a￿1vItreS Other 76,000 2,068 78,000 2.088 73,000 2,087 Total expenditurn 78.088 78.088 75,087 t l•xpenditure)fin¢onw and movem•nt in funds l)•f¥r• inslllossesl on inve$tn*nts Net gginlllossl on inv•$tmnts 1931 1931 62.023 62,023 t84.972 t mov•m•nt in fvn(ts 61.930 61,930 185,775 Rèconciliation of funds-. rot81 funds brought fory%*¥d 2.187.360 403.466 2.570.826 2.385.051 Totsl funds ￿Tri￿d forward 2,229,290 403.466 2,832.756 2.570,826 l income #nd t￿ndItijre delive ffDm ¢onbnuing ad1v￿es. THE COMMUNITY OF THE PRESENTATION TRUST STATEMENT OF FINANCtAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Comparntlvè Y•ar Inlornutlon Y•ar ended 31 Oecernber 2023 Vnrn$tri¢ted Endowm•nt funds lunds 2023 Total 2022 Total Income and endowtt*nts from: Inveslmenl Inco￿ Interest receivable 74,922 74,922 74,565 419 Total in¢omè aftd •ndowm•nts 75,890 75,890 74,984 Ex￿ndItUr• on: Charitable activrties Olhw 73,IJQKI 2,087 73.1)00 2,087 72,000 1.795 Total expenditurg 75,087 75.087 73,795 Net income and movement in fund6 bef(JTE on In￿stI￿nts Net gain111￿91 on ifiv•stm•nts 803 1,189 164 g72 184.gn 1318.025) Ngt mov•ment in funds 185,775 185.775 1314.8361 Reconciliation of funds: Total fvnd$ brought ftsrvA 1,981,585 403.466 2.385.051 2.699.887 Totsi funds earri•d f04ward 2,167.360 403.486 2,570,826 2,385,051 AJI income and ex￿nditUr¥ deriv8 from ccffitinuing actsvities. **THE COMMUNITY OF THE PRESENTATION TRUST** ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2024** |**Note**
**Fixed assets**
Tangible assets
**7**
Investments
**8**
**Current assets**
Cash at bank and in hand
**Net assets**
**Charity Funds**
Endowment funds
Permanent endowment
**9**
Unrestricted designated funds
**9**
**Total charity funds**
**10**|**2024**
**£**
**£**
1
2,595,027
2,595,028
37,728
2,632,756
403,466
2,229,290
2,632,756|**2024**
**£**
**£**
1
2,595,027
2,595,028
37,728
2,632,756
403,466
2,229,290
2,632,756|**2023**
**£**
**£**
1
2,533,004
2,533,005
37,821
2,570,826
403,466
2,167,360
2,570,826|**2023**
**£**
**£**
1
2,533,004
2,533,005
37,821
2,570,826
403,466
2,167,360
2,570,826| |---|---|---|---|---| |||||| |||2,632,756||2,570,826| |||403,466
2,229,290||403,466
2,167,360| |||2,632,756||2,570,826| The financial statements were approved and authorised for issue by the Board on ……31 March 2025………….. Signed on behalf of the Board of Trustees ………………………. G Parsons, Trustee …………..………………………. E Spence, Secretary to the Trustees The notes on pages 8 to 14 form part of these financial statements. 7 THE COMMUNITY OF THE PRESENTATION TRUST NOTES TO THE FINANCIAL STATEMETrThS FOR THE YE4R ENDED 31 OECEMBER 2024 Summary of $i9nlllcant accounting poli¢i•s {•) G•n•AI infornution and b#sis ol prnparnflon The Convnunity of Ihts PresenlalKJn Tru51 is a ￿gIStered charrty in the UtSit8d lQ"ngdom. The address of the registeTed offiee is g¥ven in the charity intomiation on page 1 of Ih?se finanual statemenis. The natur& of the harity's opera*'ons and printypal actsvth.es are the furtheranc¢ of such charitaNe purposes not inconsistent wlh Ihe doctrines and pnnopi&s of the Church ol England as the rr*mbers for Ihe wne Lrill9 gf the Comtnunity Shall select. The thaiity con6ti1ul¢s a put4ic benefit entity a$ defirt￿ ty FRS 102. The finanaal $tat8ff￿ts have been Pr•pa￿ in accLJrdance A¢¢ounthng and Re￿rtIng ty Charib¢$." Statement of R•commended Practice ￿p￿l¢abl* lo charitses pr¢parin9 their accout7ts in accordance with Ihe Firiancial R•porting Standard #PF4ieabl• in the UK and Republ* of 5r8land issued tn OctolJ&r ?019 tkÈ Financial Reporting Standard appliCa￿e in the Un¢ted ￿'n￿￿Orn and Rewblic of Ireland IFRS 1021, the Charities Acl 2011 and UK Generalty Accepted Accounting Prathte. The financial statements are prepared on a goin9 0)neem basi5 under thè historical cost convention, rnodified lo include certain ilerns at f8ir value. The financial ststèmonts a￿ p￿pared in 5krftno bthich is Ihe fun¢ts"onal currency ol th? d)arty. The significant ar￿UntIng polirAès applied in the preparation of Ihese finani?al 51at8mants are sei ovt telow. Th8se poliaes have been consislenty applied to 811 yiais Presented ￿n￿sS otheFWiS¢ Stated. Ibl Fund* Unrestricted fvnds are gvailable for use at the di$u8b"on of the Trustees in furtherance of Ihe general o*ecty"v¢s of Ihe charity and whith have not been destgnated for otherpurp)s8S. Designalèd lunds corrprise unfèslncied funds thal have set aside by the Tws1*trs for parti￿lar purposes. The aim and usè of oa¢h dèsonaled fund soi out in Ihe notes to the financial 51atem&nts. Endowrnent funds represenl those as$¥ts 4bthich must be held Ftrman•ntty ty the chanty, yintypafty those asseis rrftntioned in the Scheme as'st Savioufs Chapel Fund.. Incon* arising on the endovmnt frjnds can be used in ac¢ordgnce wth the objects ol th• chanty and is includèd as unreslricted income. Any capital gains or losse5 arising ￿ the inve3tsnents fomi part ol the fvn Icl In¢oTh* rèeognltion Ail income is 1￿Clutted in the Statement of Financial Ac*vits8 (SOFA) the tharity 1$ 1¢9ally •ntil•d to Ihe Income after any parfomiance condi1￿n$ have ba•n met, the amounl can ￿ rne8su￿d reliably and it ￿ probable that the In¢ome VAII be received. Inve5trnent is trarned through holding assets for investment purposes SLSch as ¥hare¥. 11 includès divNlends and interest. ￿er￿ rt 1$ not praclscabie to idgnlfy irwastsnent management fXt5ts incLsrr8d vAthin scheme wth reasonatrAe accuraty the Investment income is reFK)rt¢d rf of these costs. It 1$ in¢luded vthen the amount cafi be m9¥$ured reliably. Interest incnm is r8cognised using th? effective interest ￿￿thOd and diV￿end income is fecngnised as the eharity's right to receive payrnent is established. Idl Exp#nditurn recognition AJI expenditure is a¢¢ounted for on an acrnJ81s basis and has tttn Classif￿ untler headings that aggrogate 811 Costs related lo the category. ExFendilur8 15 recognised vknere there is a legal OT constnJ¢tive obligab.on to make payments to thwd parties, it is prob8Lle that the Settleff￿nI wll b& required and Ihe armunt of Ihe obligation be mea$ur•d rnll8￿y. It is calegorised und8r th• folkmng headir¢gs'. Expenditure on charitable a¢b￿b"eS inchjdes charitabl? donats"ons," and Olh¢r expenditu￿ represents Ihose items not lalling into the calogones above. IrTecKJver4bl• VAT is chacg8d as an expen$è aga￿st the activity for whKh e)pendilure arose. THE COMMUNifY OF THE PRESENTAnoN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024 (dl Expenditurn recognition continued Charitablg donation5 payable lo Ihird parts.es are ￿thin the d)4¢rtab￿ objectives. %M)ere unconditsonal donations are Offe￿d, this is arxrued as 500n as the r8cipi?Trl notified of Ihe donation. as Ihis givts rTr58 to a Teasonab expectation that the ref￿￿ent wll ￿Ceive the donation. ￿ere donations are condthnal relating to perfoThance then the thnatson is onty accnjed any unfulfilled conthtions are oulside of Ihe conlrDI of the eharity. l•} Tanglbl• flxed a￿￿ts Land and buildings wrnprise a burial ground vknic* is vested in Ihe Officral Cy$lodian for Chaiitses and 13 Staled at nominal value agreed at l January 1985. No Valuation has been carried out in respect of the burial ground, although il ong w￿￿ com￿•tOd it is cons￿￿1&d thts valuabon ¥￿Uld be in exeess of Ihe l)ook value. lfj Investments Investments are recognised Init￿1￿ at their transacb'on value 15 normalty the transaclton price less transaction costs. Subsequenly, they artt measured at fair value valh ¢hanggs re￿gnis$d in 'no1 gains I Ilossesl on investnxnis. in th& SOFA if the shar85 are put4icty Iraded or IhèTrr fair valuè can olhèrthist té mèasurèd reli8bly. Igl Tax The charity 1$ afi èxèmpt cnanty vthnin tne meaning of scheauie 3 01 the Gna￿￿$ ACI 2011 an(F Is consiaereo 10 pass the tests set out tn Paragraph 1 Schedule é Finance Acl 2010 and therefore rf meets the definrtion ol ch8ritable u)mp8ry for UK co￿*￿8110Th tsx WTPOSOS. (h) Going ¢on¢em The financial staten*nts have been prepaied on a going ￿nceffl basis as Ihe Trustees believe that no matsrial uncortainti88 OXI8t. Th• Tru$t•*s ha￿ consid•r•d 1gv•I of fvnds h•ld and tlw •xp•cl•d l•v•l of incom* and expenditure for 12 months from authorising these finanual statemenls. The budgeted income and expenditure is S￿￿￿1&nI wth the level of reseTres for the tharity to be at4e fo rAJntinue as a going concem. lil Judgements and key $our¢es ofe$tirntion Un￿rtaInty AGcOUn￿"￿9 estimates andjudgemenls are Continual￿ evaluated and a￿ based on historical experience and olher factors. induding expectations of future events that are believed lo be reaSOna￿e under the circurnstsnces. No Judge￿￿nts OT key assumpiions ￿tre made in the prnparation of the a¢o)unts. Income from investments 2024 2023 Dividends- equiti8s Interest- deposrts 76.096 1,899 74,922 THE COMMUNITY OF THE PRESENTATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pèrnianent endowment InV￿led on a total relum Lwsis The charity has granted the investm¢n( power of lotol rtstum by Ihè Charity on 28 March 1985. Thss p0￿r pemiits the Trustees lo invest p9m￿nentty endo¥btd funds to mxinise total ￿turn and therefo￿ to apply an 8ppropriate pOrt￿n of the unapplied tolal retum to income. The unapplied total retum remains invested as part ol the pemaneTrt endowment unlil that powpr is exercised. ￿en exercised it all¢iws the Truslees to apply an appropriate portitsn of lh* unappSi¢d totsl rtum to incon* aach ygar. Endo*Tn8nt for inve#tmèrtt Unapp15od Total Rètum Total Endowm?nt At 1 January 2024 Unapplied total retum 403,466 403,486 2,129,538 2,129,538 403,4e6 2,129,538 2,533,(K)4 Movements Dividend retum Gains 76,0 62,023 76,098 62,023 138,119 138,119 Unapplied total retum allocated to income I76,￿) I76,0￿} Net mov8ment in Ihe y￿r 62,023 62,023 Total 403,486 2.191,561 2,595.027 Other ¢osts 2024 2023 Independent eXam1r￿￿$ remun$ralk Postage and StaI￿nery 1,590 1,512 575 io THÉ COMMUhllTY OF THE PRESENTATION TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Analy•i$ of cMritAblè domtions 2024 2023 Grants to instilutions- 46 12023.. 491 76,000 73,000 RecApienls of don81ions lo instilution¥.' 2024 2023 chbsshops ofJeru6alern & Canlethry Emergency Ashford Together Asthma Relief Canterbury UrTé)rella Catching Lives Childrens. Ambulance Church Army Demelza Hous8 D*ki Dover OuttEath PrvjFGt East Africa Childrens Proi¢ct Educate for Change Find Your F￿t Freedom Kit Bags Kajokejii Educabooal Trust Kènt MS Therapy Centre KRAN Refugee Support Mlddla East HumanKtarian ApFeal Orbis Otakar KrdU5 Music TN$l Pilgrims HospKe Porchlight Risin9 Sun Salvation Arnry ff hanet) Smile Mal8 SNAPP 8.000 2,000 2.000 2,000 2,000 3.000 3,000 2,000 2,000 2,000 2.O¢J) 2,CX)O 2.OlXJ 2.0(X) 2.OCpJ 5,000 2,000 2,000 2,000 2,0(K) 2,000 2,DOO 2.000 2.000 3,000 Tariro Time Out CharIta￿e TNst War Child DEC TurkishEyrian Earthquake Disaster Fund Others < £2,CX)O 2.000 2,000 5.000 34.000 73,000 29.OG4) 76.OQJ THE COMMUNITY OF THE PRESENTATION TrUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024 TNst•ès' stsff and key man•pmént ￿lSonTre1 remuneTrtion 4t¥J expèns•s The Truste?s nethèr r8ceNed nof vANed any rernun¥rntion during the year (2023.. £Nil}. The Trustees nol have any expgns*5 r•iMt￿rsed during the year {2023: £Nill. No staff aTe ernployo¢J ty Ihe Trust. Tan9ibl• fix•d assets Land 8nd buiklings ttJmFJise a burial WDund I￿1th is vestsd in the OfficMI Custodi8n for Charitlès and is stated at a nominal value agr8èd at 1 January 1985. No valuation has t)een caffied out in respect of thg 14¢rial ground, alth¢ugh if one %%tre completed it is considered the valuation %%r)uld ￿ in ex¢ess of the book value. Flx•d a$B•t inw$tmènts sled inv•sbnents 2024 2023 Valuation At 1 January 2024 Revaluab"on At 31 Dècémb•r 2024 2,533.lJ)4 2.348,032 62,023 184.972 2,595,027 2,#33.Q04 Hlstorlc41 eost as at 31 Dx•mber 2024 1,099.946 1.099,946 Inv¥slm8fiis at fair vahse coffyoftv$¢'. 2024 2023 Equities 2.595,¢r27 2,533,004 The fair valu¢ of listed investments is ¢*t¢rrnin¢d ty ref•rence to the v#1￿ of on• share ITr the Fund at the BalancÉ* Sh8•t date Holdings in inve51ments at 31 December 2024, ar* material in value aTr.' CBF Invesknent Fund- Income Fund BF Inveslmenl Fund- Property Fund CBF Investrnent Fund- Gl(thl Equty Income Fund 2,248,920 2.198,598 228,832 224,039 117,275 110,367 2,595.027 2.533,004 12 THE COMMUNITY OF THE PFIESENTATION TRVST NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2024 Fund R¢0￿111atl0n Unf•Strlct•d lunds- 2024 Balance at 1 January 2024 8alanee at 31 December Z024 Incomè Exp•nditure Gains Designated lund 2,167,360 77,995 (78,1)881 62.023 2,229,290 Unre8trlet•d funds- 2023 Balance al 1 J4nu4ry 2023 Ba14neè at 31 December 2023 Ineomb EXper￿1￿j Gain$ Designated furtd 1,981.S85 75.8gYJ (75,0871 184.972 2,167.360 Endownwnt lunds- Z034 Bala￿e #t 1 J*nLAry 2024 Balanc• at 31 0￿mber 2024 Income Expenditu Galns St. S8wouTr ChaFel Fund 403 486 Endowm•nt fund•- 2023 BaiartÈ at 1 Jan￿ry 2023 Balanre at Incom• Expenditu Gain8 31 December 2023 Sl. Sawotsrs Chapel Fund Fund doseriptions a) Designated fund The Trni$lè•S ha￿ dÉsignated Ihe unrestricted of thè charity to promde inc￿)Me for fvlyre thstribution The aim being to distribute income received dusin9 Ihe year as charitabse distributiofts. The￿lore, Ihe Truslees have deomBd that no free ￿serveS are held ai 3t D¢¢ember 2024 and accordingty all othar funds. othw than the pernianent endovrnent fund are deemed lo be designated foT tho w'napal charitable acbvity. bl EndowTknt fund The pemmnent endowmnt fvnd rewesertts the value of those a55ets mntion*d in the Scheme as'st Saviourf$ Chapel Fun(r. Any apprnoation ariJin9 from thi¥ ¢•n b¢ showi as p8ri of Unrea￿1￿*d fiJnd$. 13 THE COMMUNITY OF THE PRESENTATION TRUST TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 Analysls ol net 4$sots l>•t*wn fvnds - 2024 Oe9lgnated Endowment funds fund# Totsl Fixed •*stts Current assels 2.191.562 37.728 403.468 2.595.028 37,728 Total 2.229290 403,466 2.632,756 Analy515 of net assets ts•t￿rt funds- 2023 COMPARATIVE INFORMATION OTrLY Desig￿t￿ Endowmnt lunds fvnds TotAI Fixed assèts Current •ssèIs 2,129.539 37.621 403.466 2.533.005 37,821 Total 2,167,360 403,466 2,570.826 11 R•latsd party transactlons Mr R E Finlinson MBE. trustea. is also a Irusteo of Ashford Together. t*Jring the yeaf, the tharity donal•d £nil 12023.. £2,IX)O} 10 Asllioni Together. Dr P R E By%sater lrnstee. ss also a trustee of the Tin* Out Charila￿e Trusl. Durino Ihe year. Ihe Charity (*)n*¢d É2,00012023.' £nil} to th¢ Timè Charitable Tnjst. 14