ST FArrH'S TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Registered Charity Number 311964
CMB PARTNERSHIP LIMITED
7 Wey Court
Mary Road
Guildford, Surrey GU14QU

ST FAITH'S TRUST
CONTENTS
Page No
Report of the Trustees
Statement of Re8ponsibilities of the Trustees
10-11
Independent Auditors Report
12-14
ststement of Financial Activities
15
Balance Sheet
16
Notes to the Financial Ststements
17-23

ST FAITHIS TRUST
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting their Annual Rwrt and Financial Statements for the year
ended 31 December 2024.
The Financial Ststements have been prepared in accordance with the accounting policAes set out in note
l of the Financi￿ Statements and comply with the Charity's trust d¢e(t the Charities Act 2011 and
Accounting and Reporting by Charities: Statement of Recommended Practic¢ applicable to charities
preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and
The Republic of Ir¢land (FRS 102) issued on 16 July 2014. The report takes account of the requirement
for Trustees of ￿port annually on public b¢nefit and the Trustees have had regard of the Charity
Commission's guidance on public benefits.
Legal and Administrative Information
The Trust is governed by a Scheme dated 27 August 1996. This Scheme replaced the origAna] Trust
Deed dated l November 1935. The Trust is a registered charity, and its registration number is 311964.
The object of the Trust is to relieve children and young people in the county of Surrey in conditions of
need, hardship or distress by such m¢ans as chaTitable in Jaw and in particular but without preiudice to
the generality of th¢ foregoing..
l. To provid4 ¢ither alone or in conjunction with othery the facilities. premises or services to improv¢
their conditions of life, advance their education, promote or prot¢ct their health, or provide for their &2re
or protection.
2. To co-operate with or make ￿antS to other charities, voluntary bodies and local authorities in Surrey,
who are working towards the same objectives.
Th¢ Board of Trustees of the Scheme during 2024 were are as follows
Mr K J Berry (Trustee and Chaimian until 25109124)
Mr A P Allen (Trllstee; Chairnian from 25109124)
DrBCHutt
Mrs M Simkins
Mrs R Helowicz (Secretary)
Mrs J M Campbell
Mrs C S Wilkinson (resigned 25109124)
r+ths H E Wilson (appointed 27111/24)
Mr P T¢relak (appointed 27/11124)
One TrusteA Dr B C Hutt is expected to seek re-election in 2025 when his term of olYic¢ expiTrs.
Th¢ body of the Trustees shall consist of not less than three and not more than seven competent persons.
New Trustees are appointeA by the existing Trustees at a special meeting of the Trustees.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
The forwarding address of the Charity is 5 Brayford Square. Londo￿ El OSG.
The names and addresses of other relevant organisations are as follows:
Bankers
HSBC Bank
54 High St
Epsom
KT19 8DS
Solieitors
Downs LLP
156 High Street Dorking
Surrey
RH4 IBQ
Auditors
CMB Partnership Limited
7 Wey Court
Mary Road
Guildford, Surrey
GUI 4QU
Investment Managers
Rathbone Investment Management Limited
30 Gresham Street
ndon
EC2V 7QN
Prnperty Advisers
Altus Group
Oakland House
Talbot Road
Manchcster
M160PQ
Property Management
Kitcombe Property Management Ltd
Brightstone House
Kitcombe Lane
Alton
Hampshire
GU34 3ND
The Trustees have carefully monitored thc fees charged by their advis¢rs to ensure that they Tepresent
good value for money.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
Investment Powers
These are set out in the Scheme dated 27 August 1996. Propety of the Trust is divided between two
funds which are designated The Free Fund" and the 'Restricted Fund"
Reeruitmellt and Appolntment of Trustees
The Chairnwi is elected at the fi]3t Board meeting of each year. At the start of the year the post of
Chairn)an was hcld by Kevin Bery a retired IT D1￿Ctor. He had Served as a trustee since April 2013
and &s Chairnian since 2018. In March 2024 he told the Trustees of his plans to move to the north of
Englalld and that it would be impractical for him to continue as Chairnian. The trustees have been
ateful to him for his long servicc to the ITUSt and the many improvements in its opcration such as the
web sit¢ which he brought ab'out. The tnths subsequently elected Andrew Allen. also a retired IT
professionaL and who has been a tnistce since May 2021 to succeed him as Chairnian with effect from
the 25th SepteM1￿r 2024.
Dr Barry Hutt deals with Property, Insvrance and tnvestment matters.
Mr Kevin B¢rry has also fulfill¢d the role of Treasurer and this continues with Andrew Allen.
Mrs Rosi¢ Helowicz acts as Secretary to the Trust.
Mrs Maggie Simkins oversees all matters relatAng to the Plantation.
Mrs Jan¢ Campbell is a Trust Board member with specific ￿sPonsIbl11ty for maintaining the Anatysis
of Donations.
Mrs Caroline Wilkinson who has served as a trustee since August 2002 resI￿led on the 25th September
2024 and the trust is grateful for her long service and will miss her experience.
To bring the tn￿tee board back up to seven mernbe￿ two newtn￿tee8, Mrs Helen Wilson and Mr Peter
TerelaL were appointed on the 27th November 2024.
Kevin BeAry has agreed to continue to ￿SiSt the trnstee board as an expert adviser.
The Trust Deed Tequires that Trnstces shall be apwinted for a period of five years, after which they
must be Te-elected at the next meeting.
Trustees InduetioD and Trainiog
New Trustees are appointed by personal recommendatio￿ followed by interview and approval by all
current Tnjstces. The latter are always mindful of the need to identify suitsblc candidates should the
need arftse for potential new Trustees. The principles contained within the Charity Commission
publication 'Finding New Trustees, (July 2007) are adopted when appointing new Trustees. Newly
appointed Trustees arc given a joining pack, which contains background literature on the Trus¢
previous and current donations. recent minutes and agcndas to study before attending their first meeting.
They ar¢ also referred to the Charity Commission website for guidanc¢ about responsibiliti¢s and duties
and are required to sign a GDPR undertaking.

FAITH'S TRUST
REPORT OF THE TRUSTEES (C0￿]￿UED)
Risk Management.
l. The main risk to whiGh the Trust is exposed has been id¢ntified as Public Liability claims arising
from pro￿rtieS owned by the Trust. Adequats insurance cover is arranged by the Trustse responsible
for Prop¢ty matters and Teclaimed, where appropriats. from the ten8nts,
2. Perfomiance of inv¢stm¢nts is monitored through quarterly valuations and reports from our
Investment Managers, Rathbones, and through an Annual review meeting with them. The portfolio
represents a good spread of risks, mostly in blue-chip companies.
3. Potential beneficiaries ar¢ encouraged to make an application using the St Faith's Trust website,
completing a short application forni. which is then discussd at the next scheduled Trust BoaTd meeting.
The application may be approved without further investigatioffj especially if th¢ applicant is well known
to the Trust. Howev¢r, the usual process following initial discussion is that two Trustees wijl visit the
charity or applicant's premises to see them in action and assess whether our help is appropriate. They
will then report back to the whole St Faith's Trust Board before a firni decision is mad¢.
4. Donations are sometimes made over a three-year cycle and annual progress reports requested from
beneficiaries. Trustees may then make another visit if deemed necessary. a discussion of the ￿11 Board
always takes place before a￿eCillg to release a further yeals donation.

ST FAITH'S TRUST
REPORT OF TRUSTEES (CONTINUED)
Related Parties
The Trust owns three properties.
A building in Sydney Road, Guildford which is Jeased (insurance and rcpairing) at a peppercom
(insuranc¢) rent to the following organisations. Shooting Star Chase Hospice ca￿ for children
(Rcgistered Charity No 1042495) is the main tenant where they provide accommodation for nurses and
key workffs working at their St Christophees Hospice for life-limitsd children. Part of the ground floor
is sublet to The Jigsaw Trust (R£gistered Charity No 1075464) who provide education and care for
hildren with autistic spectnlln disorders. The lease on this Property is up for renewal and discussions
with both tenants are underway.
Th¢ second propwty Is in Cleeve Road Leath¢thead (forn]erly th¢ St Faith's Famity Centre used by
Surrey County Council who quit the building ia Ma￿h 2023) and is leased to N Family Club who
operate a children's nursery on the site. The lease is for 25 years, and after reduc¢d rent periods N
Family Club will pay full rent from 2026 onwards.
The third property pU￿baSed in 2023 AS a forn)er a Doctor's surgery, at 42a Prices Lane, Reigate. It
was acquir&J to b¢ used by PSDS a charity (Registered Charity No 1123079) the Trust has supported
for many years and who were seeking a pernianent base in this area. PSDS took up occupation on I st
December 2023. A 25-y&qr lease has been a￿e¢d at a reduced rent over the fjrst five years. In due
course the 'ownership' of 42a Prices Lane will be knnsfeJTed to the offici￿ Custodian of the Charity
Commission.
Relationships with all of the above tenants are maintained wtth ad hoc meetings as needed to discuss
the occupancy and maintenance of the buildings as wcll as conducting reviews as nece55ary at quarterty
meetings of the Trust Board.
Objectives and activities
l. The objectives of St Faith's Tn￿t have already been outlined in thc Legal and Administrative
Inforniation section oftbis report.
2. Th¢ Trustees are particularly mindful of the need to fund a wide rnnge of projects and activities to
help children of different age groups (under 18-year-olds) and different needs across the whole
extent of SunEy.
3. The Trust Board are always anxious to help organisations who find fun(traising difficult because of
their small siz¢, low-profile or less popular image, or lack of paid or professional fund raisers.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
Overview of the Year
As usual the Trust met on four occasions during the year. We also met on a fifth occasion to review and
confirn) our strategy for the next few years. The Trust continues to support a growing number of
charitie& many with multi-year donation pl&qges, and has also seen several new organisations approach
for help.
The Trust made 25 separate donations in 2024 excluding 'donations-in-kind' which mentioned later
in this report. This was the same numbcr of donations as in 2023. and in total the Trust agreed money
donations of £297,189 an incrwe of ahnost I P/0 year on year. Particularly pleasing is that of th¢ 25
donations madc, 12 werc to new organisations not previousty supported. which indicates the Tnjst is
becoming more well known and incr¢asing its reach within Sutrcy.
From this year the Trust will report on all 'Donations-in-kind' and provide an estimate of the value of
these to the rccipients. At present there are three such donations which for which there is a value.
These are the insurance costs for the Sydney Road property where the Trust has not sought
reimbursement from the tenants. In additio￿ the Trust now calculates and report the amount of rent
subsidy that the tenants of Sydney Road and 42a Prices IAne ar¢ T￿cIVing, and any other costs that the
tenants are responsible foT, but which Trust has agre￿ to meet
The administrative costs of operating the Tn]st remain low. Disappointingly, HSBC charge us for
operating our bank account and we incurred charges of £82.40 for the year. Otherthan this the costs of
operating the Trust remain broadly l¢v¢l year on year.
The Trust's income was again this year deliberately restrACted by not taking Tegular dividends from our
Rathbones managed Investment portfolio. The Trust fortunatety started to r¢¢eiv¢ rentsl income this
yvar from the St Faith's Family Centre in Leathethead. Two separate cash drawdowns of £lOO,000
from its Investment portfolio to bTidge this anticipated gap in income.
The Trust ended 2024 with £140,268.93 in its HSBC accounL with outstanding cheques still to be
cashed totaling £59,000 and £92,784.93 in its Skipton aLYounL meaning that total funds available were
£174.053.86. The trust has a liability to pay £50,000 to the N Family Centre for dilapidations as part
ofthe lease agreement with them. however this will be paid when the WO￿ on the building is completed
and the timesca]e for this is not yet clear.
Property Matters
It has continued to be a busy y&qr where propety matters are concerned, and the Trust is very fortunate
to continue to havc had this area overseen by Dr Bany Hutt who bas skillfulty worked with our advisers.
We a￿ now seeing the bencfit on the new tenant and Icase for th¢ Fajnily Centre with a rcgular income
stream to the trust. A fvll valuation of our pro￿rtY portfolio, including the Plantatio￿ was
commissioned and reported in 2024. This enables us to assign market rate rental valuations to our
properti¢4 and subsequentty calculatc 'Donations-ill-Kind' as mentioned earlier in this rq)ort.
Led by Mrs Maggie Simkins the Trust has continued to carefully manage the Plantation at Box Hill that
is owned by St Faith's Trust. The annual prngrammc of safety inspections and routine maintenance has
continued, and it is very pleasing to see the overall annual maintenance cost held at a similar level as
2023.
The Trustees have carefulty monitor¢d the fees charged by their advisers to ensure that they reprasent
good value for money.

ST FAITH>S TRUST
REPORT OF THE TRUSTEES (CONTINIJED)
Overall Finaneial Position
The TTUSt started 2024 with around £314,000 in readily available ￿ndS split across HSBC and Skipton,
and as notsd ￿ller in this report we ejxl the year with approximately £174,000.
The financiaI statemcnts show a net decrease in funds of £140.000 or the year ending 31 Dccember
2024 {2023: Net incrcase in fimds of £337.576 aftcr depreciation). During the year donations and
pledges to a v￿u¢ of £218,730 out of a dividend and other income of £224,157 wer¢ made.
Donatfions made during 2024
l. A8heombe Sebool, Dorking. A donation of £4.000 to fimd the after-school Parenting Puzzle.
2. Delight 'In Stories,. A donation of £12,500 to support thc delivery of the 'In Stories, pmgramme.
3. Farn￿￿be School. A donatiOD of £5,000 to support four children for play therapy s&ssions.
4. St John's School, Woking. A donation of £7,200 to fimd an outdoor nursery room for 2-3-year-
olds.
5. Walton Leigh School. A donation of £11,155 to fund a playground canopy.
6. Brooklands School, Reigats. A donation of£5,000 to fund an installation ov¢r an outdoor learnimg
7. Helen Arkell Trust. A donation of £12,CK)O to enable more assessments in th¢ diagnosis and
assessment of Dyslexia.
8. MERU. A donation of £10,000 to fund two Bugzi mobility chairs.
9. Sight for Surrey. A donation of £3,000 to fund a series of Coun￿lI]ng sessions to support blind
and partially sighted children.
l O. My Tine for Young Carers (MT4YC). A donation of £10,000 to fund respite activities foryoung
carers.
I l. Homfrstart Surrey. A donation of £25.0￿ (Year 3 of 3) to support young families in need across
the eight Surrey Home-start Groups.
12. CHIP4 North Guildford. A donation of £3,000 to fund summer holiday activities in Guildford.

ST FAITHYS TRUST
REPORT OF THE TRUSTEES (CONTINUED)
13. 1 Choose Freedom. (Formerly Reigate and Banstead Women's Aidl A donation of £1.500 to
fund a Christmas paty for thildTen being supported at the charity's refuges. This is the 10th
consecutive year this donation has been made.
14. Stripey Stort Redhilj. A donation of £15,000 (Year 3 of 3) for the collection and distrilution of
lothes. toys and equipment for deprived families.
15. Momentum, Epsom and East Surrey H0$pits￿ A donation of £25,(&)O to fund a family support
worf(er.
16. Jfgsaw South East. A donation of £5,500 to fimd a grAef support worker.
17. LiDkAble. A donation of £10,000 (year 3 of 3) to provid¢ I: I support for children with learning
difficulties.
18. Be Me Project. A donation of £1 0,000 fyear 2 of 3) to fLmd counsclling scssions and courses.
19. Welegre. A donation of £7.000 (year 3 of 3) to fund a play worker.
20. Welear& A donation of £7,000 (Year l of 3) to fund the cor¢ costs for play worker sessions in
202512026r2027.
21. Sal's Shoes. A donation of £10,000 (Year 2 of 3) to fund school shoes in conjunction with Stripey
Sto￿.
22. Challenger's Farnham. A donation of £13,500 (Year 2 of 3) to fund the Summer programme of
activities.
23. GASP, Gomshall Alburyi Shere Peaslak& A donation of £11,459 (Year 3 of 3) to fund their
mechanical engineering training and their 'fan Do, progrdmme.
24. Epsom and Ewell PHAB. A donation of £14,375 to fund the Hindleap Warren Easter Adventur¢
Activities.
25. 8th Ashford Scouts. A donation of £59,000 to fund the construction of foundations for the new
Scout Hall.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
Donatlons 'in kind, made in 2024
A total of £135,000 was donated 'in kind, duTing 2024. These are rent equiva]ent donations assessed
from the propety valuation report from 2024.
Summary of Donations made in 2024
The donations made in 2024 covered a ￿1] cross section of child age wups from all over Surrey, from
the Hampshire to Greater London borders. The children and young people in Surrey who benefited were
disabled. either physically or mentally, or were abl¢-bodied but disadvantaged, and in some instances a
combination of all thes¢. In some instODces. a donation may be supporting an activity, for example a
Christmas paty or outAng, which will benefit the family of the child as well as the child directly.
The Trustees are limited by The Scheme to benefiting children and young people in Surrey. Despite the
assumptions that are sometimes made about the county, they have over the years, identified num¢rous
areas of ne¢d and deprivation, wh¢re they think and hope the Trust has made a difference.
In total 25 individual donations were mad4 a mixture of one-off and multi-year paymenty which
repr¢s¢nted another busy y¢ar for the Trust. The trend of the Trust being approached by charities and
groups seeking funding for programmes and activities that in the past would have been funde4 wholly
or in pa¢ by Surrey County Council has continued, and if anything seems to hav¢ increased.
The number of multi- year donations agreed continues at a similar level to 2023 with l O sucb donations
paid in 2024 and 3 so far being carried forward to 2025. Tw¢lve donations were made to
schoolslchariti¢s that were new to the Trust. the remaining 13 donations were made to sGhools/¢harities
that were already known. often very well known. to the Trust.
During 2024 eight applications were considered but declined mainly due to theirpoor fit with the Trust's
charter.
The Trust is becoming better known within Surr¢y, helped by its website, and also by word-of- mouth,
networking amongst donation recipients, and the good work of Trustees investigating potential
recipients.
Investment and Reserves Policy
The Charity is a long-t¢nn investor and the TTUStees, on professional advice, continue to hold a mixed
portfolio designed to p￿VIde a level of long-terni stable income and the possibility of investment gains.
The investment portfojio is medium for investment risk.
As a result of the large cash balances buih up over many years, the Trustees decided in 2019 that the
dividends from the Investment Portfolio should be reinvested. This policy is reviewed each year and is
likely to continue with cash requested from the investment portfolio when it is r¢quired to cover
donations.
The Trustees will always retain sufficient cash to cover direLt costs plus a small contingency. The
income/expenditure account is monitored and reviewed on a quarterly basis by The Trust Board.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
Funds held on Behalf of Others
The Trusvs properties are held by the Official Custodian of the Charity Commissioners.
The Trust's Investments are held by Rathbone Management Limited. Public Benefit Statement
The Trustees are satisfied that they have complied with the duty in section 4 of the Charities Act 2006
and have taken into account the public benefit guidance published by the Cliarity Commission.
Statement of R&spoDsibilities of the Trustees
The Trustees are responsible for preparing the Annual Report and the financia] statements in accordance
with applicable law and Regulations.
Thc law applicable to charities in England &Wales requires tbc Trustees to prepare financial statements
for each financial year in accordancc with United Kingdom Generally AC￿pted Accounting Practice
(United Kingdom Accounting Standards and applicable law). The Trustees must not approve the
fjnancial statements unless they are satisfied that they giv¢ a true and fair view ofthe state of affairs of
the charity and of the incoming resOur￿S and application of resourcas iticluding th¢ incom¢ and
expenditure, of the charity for that period.
In preparing these financial statements, the Trustees are wuired to:
a. Select suitabje accounting policies and apply them consistently;
b. Observe the methods and principles in the Charities SORP.
c. Mak¢ judgements and accounting estimatss that are re&wnable and Pruden
d. State whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the fllwicial statements"
e. Prepwr the fjnancial statements on the going concern basis unless it is inappropriate to presume that
the Charity will continue to OFwate.
The Trustees are resw)nsible for keeping sufficient accounting records that disclose with reasonable
accuracy at any time th¢ fmancial position of th¢ Charty and ¢nable them ot ensure. that the financial
statcments comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the Trust d¢ed. They are also responsible for safeguarding the assets of the Charity
and taking reasonable steps for the p￿ventiOn and detection of fraud and other irregularities.
In so far as the Trustses aTe aware:
. the￿ is no relevant audit infonnation of which the charity's auditor is unawar¢; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit I￿Orniation and to establish that the auditor is aware of that infonnation.

ST FAITH'S TRUST
REPORT OF THE TRUSTEES (CONTINUED)
The Trustees, are responsible for the maintenance and integrity of the charity and financial
inforn]ation included on thc Charity's website. Legislation in the Unitsd Kingdom govcrning the
preparntion and dissemination of fjnancial statements may differ from legislation in other
jurisdictions.
Approved by the Trustees
Signed.. A P Allen
Dated:
31.l.If
Signed . Dr B C Hutt
1.7.25
Signed:
Beny (in adviser role)
Date(L.
31.7.ZS
11

ST FAITH'S TRUST
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF ST FAITH'S TRUST
Oplnlon
We have audited the financial statements of St Faith's Trust ("The Charity.) for the year ended 31
December 2024 whlch comprisè the Statement of Financial Activities, Balance Sheet and notes to the
financial statements. Including a summary of signlficant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
> give a true and fair view of the state of the Charrtys affairs as at 31 December 2024 and of its incoming
resources and application of resources for the year then ended".
> have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
> have been prepareLI In accordance wilh the requirements of thè Charities Act 2011.
Basls for Opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further describ8d in the Auditorfs
responslbililies for the audit of the financial st8t8ments section of our report. W8 are independent of the
charity In accord8nce with the ethical requirements that are relevant to our audit of the financial st8tements
in the UK Including th8 FRC'S Ethical Standard, and we have fulfilled our other 8thical responsibllltles in
accordance wlth these requirements. We belfeve that the audit evidence we have obtsined is sufficient and
appropriale to provide a basis for our opinlon.
Concluslons Relating to Going Con¢ern
We have nothlng to report in respect of th& following matters in relation to which the ISAS (UK) require us
to report to you where:
> the trustees, use of the going concern basis of accountlng in the preparation of the ftnanci81 statements
is not appropriate.. or
> the trustees, have not disclosed in the financial statements any identified material uncertainties that
may cast significant doubt about the Chariws ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are
authorised for issue.
Other inforniatlon
The other information comprises the information included in the annual report other than the financial
statements and our auditorfs report thereon. The trustees a￿ responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
informalion and, except to the extent otherwise explicitly stated in our report. we do not express any form
of assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so,
consider whether the other information is materially inconsistenl with the financial statements, or our
knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify
such material inconsistencies or apparent material misstatements. we are required lo determine whether
this gives rise to a material misstatement in the financial statements themselves. If, based on the work we
have perfornied, we conclude that thar8 is a material misstalement of this other information, we 8r8 required
to report that fact.

ST FAITH'S TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST FAITH'S TRUST
(CONTINUED)
Other Informatlon {¢ontlnued)
We have nothlng to report in this regard.
Matters on whlch we arn r•qulred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if. in our opinion:
the information given in the trustees, report is inconsistent in any material respect with the financial
statements". or
sufficient accounting records have not been kept" or
the financial statements are not in agreement with the accounting records and returns: or
we have not received all the information and explanations we require for our audit.
Responslbilities of trustees
As explained more fully in the trustees. responsibilities Statement set out on page 9 the tNstees are
responsible for the preparation of the financial statements and for being satisfied that they give a twe and
fair view, and for such internal control as the trustees detemine is necessary to enab18 the preparation of
financial statements that are fr88 from material mlsstatement, ￿ether due to fraud or error.
In preparing Ihe financlal statements. the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concem basis of accounting unless the trustees elther intend to liquldate the charity or to cease
operations. or have no reallstlc alternative but to do so.
Auditor's Responslbllltles for the Audit of the Flnanclal Stalements
We have been appointed as auditor under Section 145 of the Charities Act 2011 and report in accordance
with th6 Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whoL8 are
free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate.
they could reasonably be expected to intluence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulalions. We design
procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below.
Discussions wRh and enquiries of management and those charged with govemance were hekl with a view
to identifying those laws and regulations thal could be expected to have a material impact on the financial
slatements. During the engagement team briefing, the outcomes of these discussions and enquiries were
shar8d with the team, as well as consideration as to where and how fraud may occur in the ents'ty.
l3

ST FAITH'S TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST FAITH'S TRUST
(CONTINUED)
Auditorfs Responsibllltles for the Audft of the Flnancial Statements (¢onllnued)
The following laws and regulations considered to havè a direct effect on the flnancial ststements include
UK financial reporting standards and Charity Law.
Those laws and regulations for which non-complian￿ may be fundamental to the operating aspects of the
charity and therefore may have a rnaterial effect on the fi'nancial statements include compliance with the
charitable objectives, public benefit. fundraising regulations, safeguarding and heaRh and safety legislalion.
These matters were discussed amongst the engagement team at the planning stage and the team
remained alert to non-compliance through0￿ the audit.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include
fraud and nonkncompliance with laws and regulations) comprised of: enquiries of management and the
Trustees as to whether the entity complies with such laws and regulations. enquiries with the same
conceming any actual or potential litigation or claims: inspection of relevant legal correspondence," revlew
of trustee meeting minutes; and the perft)rmance of anaI￿lea1 review to identify unexpected movements
In account balances whlch may be Indicative of fraud.
No Instances of material non-compllance wer8 identified. However, the likellhood of detecting irregularities,
includlng fraud, Is limited by the inherent difficulty in detecting irregularitie8, tha effectiveness of the enlity's
controls, and th8 nature. timlng and extent of the audit procedures performed. Irregularities that result from
fraud mlght be inherently more difficult to detact than irregulariles that resutt from error. As explained
above, there Is an unavoidable risk that material misstatemenls may not be detected, even though the audit
has been planned and pèrformed In accordance with ISAS (UK).
A further descrlptlon of our responsibilities for the audit of the financial statements is located on the
Financial Reportlng Councll's website at; ￿.frC.Or
.uklauditorsres
part of our Report of the Auditors.
onsibilities.This description fomis
Use of Our Report
This report is made solely to the charity's trustees, as a body in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might State to
the charity's trustees those matters we are required to state to them in an auditors, report and for no other
pu￿OSe. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the Charity and the Charty's trustees as a body. for our audit work. for this report, or for the opinions
we have formed.
CMB Partner8hip Limited
7 Wey Court, Mary Road
Guildford, Surrey GU14QU
ststutory Auditors
Date
41 202f

ST FAITH'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Genoral
Fund8
R•stricted
Endowment
Funds
TOTAL
FUNDS
TOTAL
FUNDS
Note
2024
2024
2024
2023
INCOME AND ENDOWMÈNTS
Investment Income and Interest
Contribution for dilapidations
224,157
224,157
180,466
69,366
224,157
224,157
249,832
EXPENDITURE
Charftable exp•nditure'.
Central Propety Costs
GrantslPledges
Management and Administratlon of the Trust
71,963
71,963
13,499
218,730
218,730
209.880
52,142
54,528
106,670
119,615
Total exp•ndlture:
342,835
54.528
397,363
342,994
NET (EXPENDITURE) BEFORE GAINSILOSSES
ON INVESTMENTS
(118,678)
(93,162)
<54,528) (173,206)
Net Gainsl(losses) on Investment assels
NET MOVEMENT IN FUNDS
477,778
477,778
430.738
359,100
(54,528)
304,572
337.576
RECONCILIATION OF FUNDS
FUNDS BROUGHT FORWARD
6.589,771
1,206,500
7,796,271
7,458,695
FUNDS CARRIED FORWARD
6,948.871
1,151,972
8,100.843
7,796.271
The notes on pages 17 to 23 form part of these financial statements
15

ST FAITH'S TRUST
BALANCE SHEET AT 31 DECEMBER 2024
General
Not• Fund
Total
2024
Fund
2023
FIXED ASSETS
Tangible Assèts
Investments".
2,053.383
2,053.383
2.107,911
5.412,840
7,520.751
5.900.145
5,900,145
TOTAL FIXED ASSETS
CURRENT ASSETS
Debtors
5,900.145
2,053,383
7.953,528
618
271.697
618
271,697
Cash at bank and in hand
3,651
475,848
479,499
272.315
LIABILITIES
272,315
CREDITORS FALLING DUE
THIN ONE YEAR
MET CURRENT AS8ETS
10
(87,000)
(87,000)
(165,979)
185,315
185,315
313,520
TOTALASSETS LESS
CURRENT LIABILMES
CREDrroRS.. AMOUNTS
FALLING DUE AFTER
RIORE THAN ONE YEAR
NET ASSETS
6,085,460
2,053.383
8,138,843
7,834.271
10
(38.(K)O)
{38,000)
{38.000)
6.047.460
2.053.383
8,100.843
7,796,271
THE FUNDS OF THE
CHARITY
G￿eral Fund
6,047.460
6.047,460
2,053.383
5,688,360
2.107.911
Endowment Fund
2.053.383
TOTAL CHARITY FUNDS
6,047.460
2.053.383
8,100,843
7,796,271
Approved by the trustts8:
Signed:
Dated: 31sk Idly 242r
Dated J&f 7￿1 Z025
Signed:
Th8 notes on pages 17 to 23 form W of these alxounts
16

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POUCIES
Basis of preparation and assessment of going concern
The accounts (financial slatements) have been prepared underthe historical cost convention
with items recognised at cost or transaction value unless olherwise stated in the relevant
notes to these accounts. The financial statements have been prepared in accordance with
the Statement of Recommended Practice; Accounting and Reporting for Charities preparir
their accounts in accordaneE with the Financlal Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102) issued on 16 July 2014 and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act
2011.
The Trust constitutes a public benefit entty as defined by FRS 102.
The Trustees consider that there are no material unc8rtainties about the Trust's ability to
continue as a going concem.
Tangible Fixed Assets
The freehold properties are included at their revalued amounts In 2004. Other tangible fixed
assets are held at cost less depreciation.
Investment Income and Interest
All income is recognised once the Trust has entitlement to the income, it is probable that the
income will be received, and the amount of income receivable can be measured reliably.
Investment income represents interest re￿iVed on cash held on deposits and dividends
receivable, induding recoverable income tax on listed invesknents. Interest on funds held
on deposit is induded upon notificalion of the interest paid or payable by the Bank Dividends
are recognised once the divldend has been dedared and notification has been received of
the dividend date.
Grants Payable
Grants payable are payment made to third parties in the furtherance of the charitable objects
of Ihe Trust. In the case of an uncondltional grant offer thi8 is accrued once the recipient has
been notified of the grant award. Grants awards that are subject to the recipient fvlfilling
perfonnance conditions are only accrued when the recipient has been notified of the grant
and any remaining unfulfilled conditions attaching to the grant are outside of the control of
the Trust.
Provisions for grants are made when Ihe intention to make a grant has been communicated
to the recipient but there is uncertainty as to the timing of the grant and the amount of grant
payable.
11

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (Contlnued)
Funds
The freehold properties held by the Trust are included as a Reslricted Endowment Fund. All
other funds are held as general funds. Unrestricted income funds cornprise those funds
which the trustees are free to use for any purpose in furtherance of the charitable objects.
Expenditure Recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the Trust to the expenditure, it is probable that settlement will be required, and
the amount of the obluation can be measured reliably.
All expenditure is accounted for on an accrual's basis. All expenses are allocated or
apportioned to the applicable expenditure headings in the statement of financial activities.
Depreclatlon
Depreciation was provided on tangible fixed assets as follow8: .
Freehold Propety
Forestry
Over frfty years
Written off in year of acquisition.
Investments
Fixed asset inveslments are inrtially recognised at their mid-market value as at the balance
sheet data using the quoted market pri￿. Net investment gains for the year, both realised
and unrealised, are disdo88d in the Statement of Financial ActNities.
Realised Gains and Losses
All gains and losses are taken to the Statement of Financial Activities a5 they arise. Realised
gains and losses on investrnents are calculated as the difference between sales proceeds
once their opening carying value or their purchase value rf acquired after the first day of the
financial year.
Unrealised gains and losses are calculated as the difference bebNeen Ihe fair value at the
year end and their carying value. Realised and unrealised gains and losses are combined
in their Statement of Financial Activities.
Rent Receivable
Rents received are included on an accrual's basis.
Tax Status
The Trust, being a registered charity, is exempt from paying Income and Corporation Tax.

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Investment Income
Dividends
Rent receivable
Interest receivable
106,301
110,302
7,554
143,343
28,389
8,734
£224,157
£180,466
All dividends relate to investments held on recognised stock exchanges.
2024
2023
Central Property Costs
Buildings Insurance
Maintenance and repairs
RateslElectricity
458
62,700
8,805
3,615
8,665
1,219
71,963
£13,499
Iq

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
GrantslPledges
Dorking Schools
Momentum
I Choose Freedom
MERU
MT4YC
8th Ashford
Famcombe School
st Johns School
Epsom & Ewell PHAB
Sebastians Action Trust
Delight
Brooklands School
Sight for Surrey
Jigsaw Trust
Helen Arkell Trust
Be Me Projecl
Welcare
Shottermill School
Homestsrt Surrey
Lighthouse Woking
Pond Meadow School
Jigsaw (SE)
Cherry Trees
Sal's Shoes
Challengers
East Surrey YMCA
4,000
75.000
4,500
10.000
10,000
9,000
5,000
7,200
14.375
10,000
9,330
1,500
12,600
10,000
3,000
10,000
12,000
30,000
12,500
5,000
3.000
12,000
7,000
10,000
25,000
2,500
11,700
5,000
7,500
30,000
40,500
(250)
5,500
£218,730
£209,880
2024
2023
Management and Administration Expenses
Audit Fees
Investment Management Fees
Depreciation - Restricted
Professional Fees
Administrative Expenses
Bank Charges
3,000
34,511
54,528
13,352
1,197
82
3,000
38,373
36,500
41,168
497
77
£106,670
£119.615

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5. Management and Admlnlstration Expenses (Contlnued)
The Trustees all give freely of their time and expertise without any fonn of remuneration or
other benefits in cash or kind (2023: £ Nil). Expenses were paid to the trustees during the year
of £1,111 (2023: £477).
Tangible Fixed Assets
The Freehold properties excluding 42a Price Lane, Reigate were revalued by Lambert SmitF
Hampton at a valuation date of 31 December 2004.The properties have been revalued to thes(
amounts at the beginning. of the year.
Freehold
Interest in
Land and
Buildlngs
TOTAL
Cost or Valuation
On 1 January 2024
Additions
Disposals
At 31 December 2024
2,801,411
2,801,411
2,801,411
Depreciation
2,801,411
Brought forward 1 January 2024
693,500
693,500
Charge for year
54,528
54,528
Carried forward 31 December 2024
748,028
748,028
Nel Book Value
As of 31 Decembar 2024
2,053,383
2.053,383
As of 31 December 2023
2,107,911
2,107,911
The freehold propertie8 comprise Cleeve Road, Leatherhead; 9 Sydney Road. Guildford, 42a
Prices Lane, Reigate and Woodland at St Faiths House. These properties are held in the
r8stricted endowment fund.

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Investments
2024
2023
Market value of Investments on 1 January 2024
Add investments purchased
Less Investments sold
5,412,840
742,425
(732,898)
172,739
5,988,691
438.915
(1,445.504)
326,135
104,603
Add Realised Profits on Sales
Add Unrealised Profit on Revaluation on 31 December 2024
305,039
Market Value of Investments on 31 December 2024
5,900,145
£5,412,840
Investments represent listed securities on recognised stock exchanges and are induded as
fixed assets at their market value.
2024
2023
Debtors
Insurance Receivable
Interest Receivable
Other Debtor
2,389
636
626
618
618
9. Cash at Bank and In Hand
Rathbone Investment Management
Capital Account
Income Accounl
97,643
228,491
2,886
others
HSBC Current Account
Skipton Building Society
97,643
231,377
81,269
92,785
154,753
89,718
£271,697
£475,848

ST FAITH'S TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Credltors
2024
2023
Rent recelved in advance
Brokers fees
Audit
Admin
Donations Pledged due within 1 year
Donations Pledged due after 1 year
9,000
3,000
9,500
3,000
20
153,459
38,000
75,000
38,000
£125,000
£203,979
23