Charity number: 312690
SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 APRIL 2024

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
CONTENTS
Page
Reference and Administrative Details of the Charlty, fts Trustees and Advisers
Trustses. Report
Independent Auditors, Report on the Financial Statements
ststement of Flnanclal Actlvltles
8-11
12
Balance Sheet
13
Notes to the Flnanclal Statements
14-29

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED S APRIL 2024
Trustees
W Speck, Cowopted Trustee, Chair of Trustees
B Fairbank, Nominated Trustee (Nominee, Sinjuns Association), Vice Chair
M Bates, Co-opted Trustee, Chair of Grants Committee
G Allen, Co-opted Trustee
V Asante, Nominated Trustee (Nominee, Wandsworth Council}
S Beg, Nominated Trustee (Nominee. Wandsworth Council} (appointed 18 May
2023}
Cllr. L Bray, Nominated Trustee (Nominee, Lambeth Council)
Canon S Butler, Ex-officio Trustee (resigned 26 June 2024)
D Daytes, Co-opted Trustee
M Hassan, Nominated Trustee (Nominee, Wandsworth Council) (appointed 28 May
2024)
D Makwana, Nominated Trustee (Nominee, Wandsworth Council) (appointed 28
May 2024)
S Rackham, Co-opted Trustee
J Radcliffe OBE, Nominated Trustee (Nominee, Wandsworth Council) (resigned 28
May 2024)
Cllr. D Robson, Nominated Trustee (Nominee, Lambeth Council)
Col. M Stratton CBE, Co-opted Trustee
The Ven. S Ta￿or MBE, EX￿ffici0 Trustee {appointed 26 June 2024)
Cllr. M Tiller, Nominated Trustee (Nominee, Wandsworth Council)
S Wilkie, Nominated Trustee (Nominee, Wandsworth Council) (resigned 28 May
2024)
Charity reglstered
number
312690
Prffinclpal office
st Mary's School
7 St Joseph's Street
London
SW84EN
Independont audltors
Soteriou Baneiii
Chartered Accountants
253 Gravs Inn Road
London
WC1X 8QT
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment Advisors
Cazenove Capital Management
1 London Wall Place
London
EC2Y SAU
Page 1

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the audited financial statements of the Charity for the year
ended 5 April 2024. The Trustees confirm that the annual report and financial statements of the Charity ¢omply
with current statutory requirements, the requirements of the Charitvs governing document and the provisions of
the Statsment of Recommended Practice ISORP) applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} {effective 1
January 20191.
Objectlves and activities
Policies and objectlves
The principal object of the Charity is to provide grant funding for the promotion of education and training of
children and young persons under the age of 25 years who are resident in the London Boroughs of Wandsworth
or Lambeth and who are in need of financial assistance. Particular preference is given to those who are resident
in the fomer Metropolitan Borough of Battersea. There have been no changes to the objects since the last
annual report.
The Charity's grants programme supports educational activities benefiting disadvantaged children. The Charty
invites applications for grants from organisations that will improve the lrfe chances of children and young people
in the greatest educational need by filling gaps in funding from other sources. The Charity also aims to play a
proactive role by initiating activities in selected fields of education and providing support for several years. At
present, the focus for this activity is on the educational aspects of EarFy Years projects, the educational needs
arising from mental health and supporting the educational needs of school age refugees and asylum seekers.
The Charity also sets aside a sum each year for grants to individual students, which is usually allocated as block
grants distributed by local colleges.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a
charity {PB2)'.
b. Strategies for achi8ving objectlves
The Charity continues to give priority to activities benefiting the educational needs of the following groups of local
children and young people..
very young children l early year5. intervention.
refvgees of secondary school age who are unaccompanied minors andlor those who have had little or no
previous fonnal education.
- young carers.
disaffectedllow-achieving childrenlyoung people in danger of dropping out of education.
The Charity also welcomed applications for projects that supported young people experiencing educational
challenges as a result of the Covid-19 pandemic.
The Charity employs a part4ime Manager who in addition to managing the day to day operations of the Charity
and oversight of all projects, pro-actively facilitates strategic work to develop educational inFtiatives and networks
that meet the Charitls objectives. Partnerships include working with local schools, the Friends of Battersea
Park, 8nd environmental charities.
Page 2

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 5 APRIL 2024
Objectives and activltles Icontlnued>
c. Actlvltles undertaken to achieve objectives
The Charity's funding assisted in delivering a range of educational projects including:
tutoring I mentoring programmes
after school activities and homework clubs
outdoor learning programme for local primary schools
• summer play schemes
early years reading, stories and rhymes
educational excursions and,
environmental I climate change projects.
d. Main activities undgrtaken to further the Charlty's purposes for the publlc benefit
Small Educational Grants
Small Educational Grants are awarded to llxal voluntary and community organisations to support educalional
activities and projects which address community needs. The upper limit for awards under this scheme is £1,500.
Before releasing grant payments to organisations through the Small Education Grants programme, the Charity
requires a completed project monitoring form, a written report on activities and details of expenditure incurred.
Grants of between £6.000 to £10,000
The pU￿ose of the Charity's grants bebNeen £5,000 to £10,000 per grant is to enable small organisations to
build capacity for educational purposes. These grants may be used to support..
start up running costs for new educational projects,
- the purchase of equipment for educational projects,
costs that will demonstrably support educational organisations to grow and develop.
Trustees hope that thes8 grants may also lead some relevant organisations to apply for a larger strategic grant
at a later date.
Strateg1¢ Grants
Duting 2023124. strategic grants were paid to Kathertne Low Settlement, CARAS and Mosaic Clubhouse.
The Grant to Katherine Low Settlement enabled educational mentoring support and advocacy for refugee pupils,
The CARAS grant was used to carry out @ducational outreach and advocacy with young refugees and
unaccompanied minors in Wandsworth. The grant to Mosaic Clubhouse supports young people with mental
health challenges to access education.
Organisations funded through the strategic grdnts programme submit quarterly wrrtten reports to update the
Charivs Trustees on progress. The strategic granl organisations continue to meet quarterly and work together,
forming an Advisory Group, to share infomiation, experiences and funding knowledge to support each other.
Funding for individuals
South Thames College was awarded a block grant of £5,000 which was distributed to assist the educational
needs oftwelve students, all of whom were either lone parents or potentially homeless young people aged under
25 living in Wandsworth or Lambeth.
Page 3

SIRWALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Achievements, performance and assets
a. Maln achlevements of the Charity
During 2023124, the level of grants awarded was £88,546 (202212023.. £203,323). Details of grants agreed during
the year are included at note 6. During the year, the Charity also continued to make significant payments to three
Strategic Grants, which had been committed to in previous financial years.
During 2023124, the Charity made grant payments to 20 organisalions totalling £176,294 (202212023.. 23
organisations totalling £191,759) including grant payments brought forward from the previous financial year.
Further information on grants awarded during the current year can be obtained from the Charivs office which is
based at st Mary's Primary School.
Trustees were also pleased to continue to facilitate a 3-year Earfy Years reading project delivered by Learn to
Love to Read.
Cllmate Change Inltlatlves
A further generous donation of £30,000 from a lo¢al donor enabled the Charity to continue to promote and award
gr8nts to local schools and community groups to support educational environmentsl projects that tackle issues
arising from Climate Change. These projects took place throughout 2023124.
Trlnity Fields
The Charity owns the freehold interest of Trinity Fields and on 4 August 2017 granted a fifty year lease to Trinity
Fields Trust. This lease brings in an annual rent of £75,000 which assists the Chariiy in its grant giving.
Heritage Assets
Heritage assets are assets with historic, artistic. scientific. technological, geophysical or environmental qualities
that are held and maintained principally for their contrrbution to knowledge and culture and this purpose is central
to the entity holding them. The Charivs heritage assets meet this definition.
The Charitys heritage assets were acquired on 28 February 1992 following the amalgamation of the Charitys
five predecessor Charities to form the Sir Walter St. John's Educational Charity. The assets include three
paintings on loan for display at Lydiard House.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going Con￿rn basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
Page 4

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES, REPORT (CONTINUEDI
FOR THE YEAR ENDED S APRIL 2024
b. R8serv8s policy
The Trustees look to maintain the minimum level of unrestricted reseNe8 that will permit it to maintain its day to
day activities. There are occasions when the level of the unrestricted reseNes is higher than the Trustees would
ideally like to hold due to the lack of suitable grant applications at those times.
The Charity is dependent on income from its investments. During 2023124, this amounted to £217,091 (2022123..
£200,810).
In the financial year 2023124, the Charity continued to employ Cazenove Capital Management as investment
advisors and managers. The Charity aims to diversify tts portfolio in accordance with its governing document and
on the best professional advice so as to provide the greatest return sustainable in real terrns at the least
achievable risk.
The Trustees have a policy that the unrestricted funds not required to meet immediate commitments nor
representing the revaluation of fixed assets held by the Charity ('the free reseNes'> should be maintained at a
level equivalent lo not less than half the projected annual income from the Charitls inveslments.
At 5 April 2024, the Charity held reserves of £6,325,046 1202212023: £5,901,406) which are held within
Endowment fvnds of £6,094,534 (202212023.. £5,774,631), Unrestricted funds of £229,542
(202212023.'£124,275) and Restricted funds of £970 (202212023.. £2,500).
Structure, governance and management
Page 5

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES, REPORT (CONTINUED>
FOR THE YEAR ENDED 5 APRIL 2024
Structure, governance and management (¢ontlnued)
a. Constltutlon
Sir Walter St. John's Educational Charity is a registered charity, number 312690, and is constituted under a
Scheme dated 28 February 1992, which amalgamated five predecessor Charities. The Scheme has
subsequently been amended several times.
The management of the Charity is the responsibility of the Trustees who are appointed under the terms of the
Scheme which allows for the appointment of nineteen Trustees, of whom nine are cO￿pted, nine are nominated
(fiv8 by Wandsworth Borough Council, by Lambeth Borough Council, one by the Senate of the University of
London and one by the Sinjuns Association) and one that seNes ex officio.
When recruiting new Trustees, the Charity looks for individuals with relevant skills, experience and knowledge of
the local area. Newly appointed Trustees receive a comprehensive induction pack. The pack includes a range of
documents including an introduction to the Charity, a copy of the governing scheme, details of the Charitys
objectives. infomiation about grant giving policies and procedures and a link to the Charity Commission's online
guidance 'The Essential Trustee: What you need to know,. The Charity supports the training and relevant
development of Trustees where appropriate.
Ordinary full meetings of the Trustees are held three times a year, and the proceedings of committee meetings
are reported to these meetings for confimation. The Grants Committee meets four tim&s a year, and has
delegated authority to approve grants of up to £10,000. The Finance and Investment Committee meets ￿lce a
year to consider financial issues and review the performance of the Charitls investments. Any matters arising
from the Trinity Fields lease are dealt with either at Trustee meetings or at the Finance and Investment
meetings. Office holders are appointed and the membership of committees agreed at the first meeting of the
Trustees in each calendar year.
The Charity employs a part-time Manager to deal with 811 day-to4ay matters, including the processing and
handling of applications prior to consideration by the Grants Committee, and the administration of grants. A
significant contribution is made by the Manager to those organisations the Charity supports financially and some
who are not given grants but who are provided with advice, guidance and support. Where the Charity is not able
to assist the Manager is often able to signpost applicants to other funders. The Trustees keep under review the
major risks to which the Charity is exposed, in particular those related to its operations and finan￿S, and are
satisfied that systems are in place to manage those risks.
Plans for future periods
Following receipt of positive reports from the strategic projects working in connection with the educational
needs of young refugees and asylum seekers and a third strategic grant project supporting the educational
needs of young peopl& with mental health issues the Trustees continue to support these projects subject to their
continued success in achieving their objectives. The Charily continues to facilitate Advisory Group meetings for
all strdtegic grant projects.
b. Methods of appolntment or alaction of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Scheme.
Page 6

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
statement of Trustees, responslbllltles
The Trustees are responsible for preparing the Trustees, 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 its incoming
resourc8s and application of resources, including Its income and expenditure, for that perlod. In preparing these
financial statemonts, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financi81 statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufFicient to show and explain
the Charit￿8 transactions 8nd 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 Scheme. 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.
Disclosure of Infomiatlon to audltors
Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirmed that:
so far as that Trustee is aware. there is no relevant audit information of which the charitys auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit infomiation and to establish that the charity's auditors are aware of that infomiation.
Auditors
The auditors, Soteriou Banerii, have indicated their willingness to continue in office. The designated Trustees will
propose a motion to select the auditors at a meeting of Trustees.
Approved by order of the members of the board of Trustees on 7 January 2025 and signed on their behalf by..
W Speck
(Chair of Trustees)
Page 7

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SIR WALTER ST. JOHN'S EDUCATIONAL
CHARITY
Oplnion
We have audited the financial statements of Sir Walter St. John's Educational Charity (the 'Charty') for the year
ended S April 2024 which comprise the Statement of Financial Adivities, the Balance Sheet and the related
notes, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards and the guidance
provided by the °Charities SORP (FRS 102) Accounting and Reporting by Chartties.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
In our opinion the financi81 statements:
give a true and fair view of the state of the charitys affairs as at 5 April 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 prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Oui responsibiltties under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's EthirAI Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charivs ability to continue as a going
concem for a period of at least ￿e1ve months from when the financial statements are aLrthorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SIR WALTER ST. JOHN'S EDUCATIONAL
CHARITY (CONTINUED)
Other Informafjon
The other infomiation comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent othemise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or othe￿iSe appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are requlred to detemiine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we condude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Other Matters
In the previous accounting period the Trustees of the charity took advantage of the audit exemption available to
charities below audit thresholds. Therefore the prior period financial statements were subject to an independent
examination and not subject to audit. Comparative amounts in the financial statements are disclosed as
unaudited.
Matters on whlch we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the infomation given in the Trustees, Report is inconsistent in any material respect with the financial
ststements., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and retums,. or
we have not received all the information and explanations we require for our audit.
Responslblllties of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the fi'nancial 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 con￿rn
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no
realistic altemative but to do so.
Page 9

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SIR WALTER ST. JOHN'S EDUCATIONAL
CHARITY {CONTINUED)
Auditors. responslbllltles forthe audlt of the financlal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial stalements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable 8ssur8nce is a high level of assurance, but is not a guarantee that an audit conducted in
accordants with ISAS (UK) will always detect a material misstatement when it exist8. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations, 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 were held with management with a view to identrfying those laws and regulations that could be
expected to have a material impact on the financial statements. The outcomes of these discussions were
considered during our audit.
The following laws and regulations were identified as being of significance to th8 charity..
Those laws and regulations considered to have a direct effect on the financial statements include FRS 102 and
the Charities SORP.
Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the
charity and therefore may have a material effect on the financial statements include the Charities Act 2011.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and
noncompliance with laws and regulations) comprised of.. inquiries of management as to whether the entity
complies with such laws and regulations., enquiries concerning any actual or potential litigation or claims and the
performance of analytical review to identify unexpected movements in account balantss which may be indicative
of fraud.
No instances of material non-compliance were identrfied. However, the likelihood of detecting irregularities,
including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the charitls
controls, and the nature, timing and extent of the audit prO￿dureS perfomied. Irregularities that result from fraud
might be inherently more difficult to detect than irregularities that result from error. As explained above, there is
an unavoidable risk that material misstatements may not be detected, even though the audit has been planned
and performed in accordance with ISAS (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Page 10

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR WALTER ST. JOHN'S EDUCATIONAL
CHARITY {CONTINUEDI
Use of our report
This report is made solely to the charity's Iruslees, 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 slate lo the
charity's trustees those matters we are required to state lo them in an Auditors, Report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity
and its truste
as a body, for our audit work, for this report, or for the opinions we have formed.
Soterlou Banerli
Chartered Accountants
253 Gray's Inn Road
London
WC1X 8QT
7 January 2025
The auditors Soteriou Banerji have indicated their willingness to continue in office. The designated Trustees will
propose a motion to selecl the auditors at a meeting of Trustees.
Page11

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Total
funds
Unaudited
2023
Endowment
funds
2024
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Note
Income and
endowments from:
Donations and legacies
Investments
30,000
7,500
217,091
37,500
217.091
16,440
200,810
Total Income and
endowments
30,000
224,591
254,591
217,250
Expendlture on:
Raising funds
Charitable activtties
18,122
18,122
150,854
18,666
255,661
49,458
101,396
Total expendlture
18,122
49,458
101,396
168,976
274,327
Net
(expenditure)lincome
before net
gainsl(losses) on
investments
Net gainsl(losses} on
investments
118,122)
(19,458
123,195
85,615
(57,077)
338,025
338,025
(287,530)
Net
Incomel{expendlture)
Transfers between
funds
319,903
(19,458)
123,195
423,640
(344,607)
18
17.928
(17,928)
Net movement In
funds
319,903
(1,530)
105,267
423,640
(344,607)
Reconciliation of
funds:
Total funds brought
fomard
Net movement in funds
5,774,631
319,903
2,500
(1.530)
124,275
105,267
5,901,406
423.640
6,246,013
(344,607)
Total funds carrfed
forward
6,094,534
970
229,542
6,325,046
5,901,406
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 14 to 29 form part of these financial statements.
Page 12

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
BALANCE SHEET
AS AT 5 APRIL 2024
Unaudited
2023
2024
Note
Fixed assets
Tangible assets
Investm8nts
Investment property
12
14
13
670
5,408.583
1,000,000
1,148
5,054,684
1,000,000
6,407,253
6,055,832
Current assets
Debtors
Cash at bank and in hand
15
1.783
52,666
2,117
59,072
54,449
61,189
Creditors: amounts falling due within one
year
16
(101,656)
(132,923)
Net current liabilities
(47,207)
(71,734)
Total assets188s current Ilabllltles
6,360,046
5,984,098
Creditors.. amounts falling due after more
than one year
17
135,000
(82,692)
Net assets excluding pension asset
6,325,046
5,901,406
Total net assets
6,325,046
5,901,406
Charlty funds
Endowment funds
Restricted funds
Unrestricted funds
18
18
18
6,094.534
970
229,542
5,774,631
2,500
124,275
Total funds
6,325,046
5,901,406
The financial statements were approved and authorised for issue by the Trustees on 07 January 2025 and
signed on their behalf by..
W Spack
(Chair of Trustees}
The notes on pages 14 to 29 form part of these financial statements.
Page 13

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General Information
The Charity is constituted as an unincorporated organisation under a Charitsble Scheme dated 28
February 1992, and subsequently amended several times with the last amendment made on 7 April 2020.
Sir Walter St. John's Educational Charity is a registered charity number 312690. Its principal office is St
Marls School, 7 St Joseph's Street, London, SW8 4EN.
Accounting policies
2.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with "The Financial Reporting Standard
applicable in the UK and Republic of Ireland" (FRS 102> and the Charities Statement of
Recommended Practise (SORP} "Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1
January 2019).
2.2 Going concern
There are no material uncertainties regarding going con￿rn
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
ncome will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2A Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in s8tt1ement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activty are made up of the total of grants, direct costs and shared costs, including support
costs involved in undertaking each activity. Direct costs attribLrtable to a single activity are allocated
directly to that activity. Support costs are those that assist the work of the Charity but do not direct
represent charitable activities. Support 'costs are apportioned be￿een activities in proportion to
classrfication of those activities.
Expenditure on raising funds includes all expendtture incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and nonwcharitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitls objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer made has been accepted eX￿pt in those
cases where the offer is conditional, such grants being recognised as expenditure when the
conditions attaching are fulfilled. Grants offered subject lo acceptance or to conditions which have
not been met at the year end are noted as a commitment, but not accrued as expenditure.
Page 14

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies (contlnued)
2.4 Expenditure (contlnued)
All expenditure is inclusive of irrecoverable VAT.
2.5 Tanglble flxed assets and depreclation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in th8 measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight4ine method.
Depreciation is provided on the following basis..
Fixtures and fittings
Computer equipment
25/D
2.6 Heritage assets
Heritage assets are not capitalised due to unavailability of cost or valuation infomiation, with such
information not being obtainable at a cost commensurate with the benefit to the users of the accounts
and to the Charity.
2.7 Investments
Fixed asset investments are a fonn of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balan￿ Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{LossesJ on
investments, in the Statement of Financial Activities.
Investments held as fixed assets are shown at fair value at each balance sheet date.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tern highly liquid investments with a short maturtiy
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 15

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting polici6s (continued)
2.10 Llabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the 8mount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or seNices it must provide.
Prowsions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The
unwinding of the discount is recognised in the Statemenl of Financial Activities as a finance cost.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instnjments. Basic financial instruments are initially recognised at transaction valu8 and subsequentty
measured at their settlem&nt value with the exception of bank loans which are subsequent
measured at amortised cost using the effective interest method.
2.12 Pensions
The Charf(y operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.13 Fund accounting
General funds are unrestrided funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charty and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Invesknent income, gains and losses are alEocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Donations
30,000
7,500
37,500
Page 16

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Income from donatlons and legacies (continued)
Restricted Unrestricted
funds
funds
Unaudited
Unaudited
2023
2023
Total
funds
Unaudited
2023
Donations
7,840
8,600
16,440
Inv8Stment Income
Total
funds
Unaudited
2023
Unrestricted
funds
2024
Total
funds
2024
Rental of Trinity Fields - operating lease
Investment income from securities
Interest receivable
75,000
126,042
16,049
75,000
126,042
16.049
75,000
121,328
4,482
217,091
217.091
200,810
Investment management costs
Total
fund8
Unaudited
2023
Endowment
funds
2024
Total
funds
2024
Investment management fees
18,122
18.122
18,666
Page 17

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysls of grants
Grants to
Grants to
Instltutlons Individuals
2024
2024
Total
funds
2024
Grants to individuals
Strategic grants
Small education grants
5,000
5.000
17,119
66,427
17,119
66,427
83,546
5,000
88,546
Grants to
Institutions
Unaudited
2023
Grants to
Individuals
Unaudited
2023
Total
funds
Unaudited
2023
Grants to individuals
Strategic grants
Small education grants
8,682
8,682
111,648
82,993
111,648
82,993
194,641
8,682
203,323
The Chartty has made the following material grants to institutions during the year..
Page 18

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Analysis of grants (continued)
Unaudited
2023
2024
Name of institution
Katherine Low Settlement
Learn to Love to Read
Carers Hub Lambeth
The Baytree Centre
Triangle Adventure Playground Assocation
Sen Talk CIC
South Thames College
Bounce Theatre
Climate ED
FAST
90,000
35,000
20,000
10,000
9,797
9,475
5,000
10,000
19,574
5,000
2,500
5,000
5,000
Caras
Oasis Play
Vauxhall City Farm
Chesterton Primary School
st Mary's RC Primary School Battersea
19,393
4,155
3,575
4,931
4,550
73,678
9,868
189,272
Other grants to institutions
5,369
83,546
194,641
Analysls of expendlture on charltable actlvltles
Summary by fund type
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
2024
Grants to individuals
strategic grants
Small education grants
8,518
17,119
75,759
8,518
17,119
125,217
49,458
49,458
101,396
150,854
Page 19

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysls of expenditure on charitable activities (continued)
Summary by fund type (continued)
Restricted Unrestricted
funds
funds
Unaudited
Unaudited
2023
2023
Total
Unaudited
2023
Grants to individuals
Strategic grants
Small education grants
12,599
148,838
58,884
12,599
148,838
94,224
35,340
35,340
220,321
255,661
Analysis of expenditure by actlvltles
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Grants to individuals
Strategic grants
Small education grants
5,000
17,119
66,427
3.518
8,518
17,119
125,217
58,790
88,546
62,308
150,854
Grant funding
of activities Support costs
Unaudited
Unaudited
2023
2023
Total
funds
Unaudited
2023
Grants to individuals
strategic grants
Small education grants
8,682
111,648
82,993
3,917
37,190
11,231
12,599
148,838
94,224
203,323
52,338
255,661
Page 20

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
Small
education
grants
2024
Grants to
Indlvlduals
2024
Strategic
grants
2024
Total
funds
2024
Staff costs
Depreciation
Rent
Printing, post & stationery
Computer costs
Sundry expenses
Insurance
Subscriptions
Travelling
Consultancy fees
Audit fees
2.259
27
407
11
22
22
25
105
37,751
451
6.793
191
356
376
426
1.758
40,010
478
7,200
202
378
398
451
1,863
184
474
2,728
7,926
2,892
8,400
3,518
58.790
62,308
Small
education
grants
Unaudited
2023
Grants to
individuals
Unaudited
2023
Strategic
grants
Unaudited
2023
Tolal
funds
Unaudited
2023
Staff costs
Depreciation
Rent
Printing, post & stationary
Computer costs
Sundry expenses
Insurance
Subscriptions
Travelling
Consultancy fees
Governance costs
2,778
19
539
16
32
39
21
132
26,391
182
5,131
148
280
365
201
1,254
7,872
37,041
255
7,200
283
395
517
282
1,760
27
2,268
2,310
1,530
119
83
113
60
374
22
513
491
168
173
1,587
1,646
3,917
37,190
11,231
52,338
Page 21

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Analysis of expenditure by activities (cont(nued}
Anatysis of support costs (continued)
Auditors, remuneratlon
Unaudited
2023
2024
Fees payable to the Charivs auditor for the audit of the Charitys annual
accounts
6,000
Fees payable to the Charivs auditor in respect of..
All non-audit seNices not included above
2NOO
10. Staff costs
Unaudited
2023
2024
Wages and Salaries
Contribution to defined contribution pension schemes
37,440
2,570
33,292
3.749
40,010
37,041
The average number of persons employed by the Charity during the year was as follows:
Unaudited
2023
No,
2024
No.
Administration
No employee received remuneration amounting to more than £60,000 in elther year.
11. Trustees, remuneration and expenses
During the year, no Trustees recerved any remuneration or other benefrts (2023 - £NIL).
During the year, no Trustee expenses have been incurred12023 - £NIL).
Page 22

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
12. Tanglble fixed assets
Fixtures and Comput8r
fittings
equipment
Total
Cost or valuation
At 6 April 2023
1,305
10.450
11,755
At 5 April 2024
1,305
10,450
11,755
Depreciation
Al 6 April 2023
Charge for the year
1,305
9,302
478
10.607
478
At 5 April 2024
1,305
9,780
11,085
Net book value
At 5 April 2024
670
670
At 5 April 2023 - Unaudited
1.148
1.148
Herltage Assets
The charrt￿s heritage assets comprise of chattels acquired on Ihe amalgamation of its five predecessor
charities under the charitable Scheme dated 28 February 1992. Chief 8mongst these chattels are three
portrait paintings held on loan and displayed at Lydiard House. The insurance value of these three works
of art is £42,000.
In the opinion of the Trustees, reliable information on cost or valuation is not available owing to the lack of
infomiation on transfer cost and the lack of comparable market values. These chattels are not therefore
reported as assets in the Balance Sheet.
Page 23

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
13. Investment property
Freehold
investment
property
Valuation
Al 6 April 2023
1,000,000
At 5 April 2024
1,000,000
The 2024 valuations were made by the trustees, on an open market value under the existing use basis.
14. Flxed asset Investments
other fixed
List8d
asset
investments investments
Total
Cost or valuatlon
At6 April 2023
Additions
Disposals
Revaluations
4,847,754
2,077,844
{1,696,327
{64,517
206,930
34,899
5,054,684
2.112,743
(1.696,3271
(64,517}
At 5 April 2024
5,164,754
241,829
5A06,583
Net book value
At 5 April 2024
5,164,754
241,829
5,406,583
At 5 April 2023
4,847,754
206,930
5.054,684
Page 24

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
15. Debtors
Unaudited
2023
2024
Due withln one year
Prepayments and a￿rUed income
1,783
2,117
1.783
2,117
16. Credltors: Amounts falling due wlthin one year
Unaudited
2023
2024
Accruals and deferred income
Grants accrued - institutional
12,823
88,833
4,033
128,890
101,656
132,923
17. Creditors: Amounts falling due after more than one year
Unaudited
2023
2024
Accrued grants payable to institutions
35,000
82,692
Page 25

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
18. Statement of funds
Statement of funds - current year
Unaudited
Balance at 6
Aprll 2023
Transfers
Inlout
Gainsl
{Lossesl
Balance at 5
Aprll 2024
Income
Expendlture
Unrestricted
funds
General Funds -
all funds
124,275
224,591
(101,396)
(17,928)
229,542
Endovnnent
funds
Endowment
Funds- all funds
5,774,631
{18,122)
338,025
6,094.534
Restricted
funds
Friends of
Battersea Park
Environmental
and climate
change
educational
support
2.500
(2.5001
30.000
(49,458)
20,428
970
2,500
30,000
149,4S8)
17,928
970
Total of funds
5,901,406
254591
{168,9761
338,025
6,325,046
Restrlcted funds
The Climate Change fund relates to a £30,000 donation made by a local donor who requested that funds
be used to support environmental educational projects. The donor has also confirmed that any unused
funds and resulting gift aid income may be treated as unrestrided income.
The Friends of Battersea Park fund related to funds received for a grant to St John Bosco School which
was paid during the year.
The Battersea Society fund relates to funds received for a grant to Learn to Love to Read, the first
instalment of which was paid during the year.
Page 26

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
18. Statement of funds (continued)
Statement of funds - prior year
Unaudited
Balance at
1 April 2022
Unaudited
Balan￿ at
5 April 2023
Transfers
inlout
Gainsl
(Losses)
Income
Expenditure
Unrestrlcted
funds
General Funds -
all funds
135,185
209,410
{220,321)
124,275
Endowment
funds
Endowment
Funds - all funds
6,080,827
(18,666)
{287,530) 5,774,631
Restricted
funds
Friends of
Battersea Parf(
Environmental
and climate
change
educational
support
Battersea
Society
2,840
{2,840)
(1)
30,000
(30,000)
5,000
{2,500)
2,500
30,001
7,840
(35,340)
(1)
2,500
Totsl of funds
6,246,013
217,250
(274,327)
{287,530) 5,901,406
Page 27

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
19. Analysls of net assets between funds
Analysis of net assets betwoen funds - current period
Endowment Restricted Unrestrictod
funds
funds
funds
2024
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
670
312,049
670
5,406,583
1,000,000
53,479
54,449
(101,658) {101,656)
(35,000)
(35,000)
5,094,534
1,000,000
970
Total
6,094,534
970
229,542
6,325,046
Analysis of net assets between funds - prior period
Endowment Restricted Unrestricted
funds
funds
funds
Unaudited
Unaudited
Unaudited
2023
2023
2023
Total
funds
Unaudited
2023
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
1.148
280,053
1,148
5,054,684
1,000,000
58,889
61,189
(132,923) (132,923)
(82,692)
(82,692)
4,774,631
1.000,000
2,500
Total
5,774,631
2,500
124,275
5,901,406
20. Pension commltments
The Charity contributes to a stakeholder pension scheme for its current employee. The assets of the
scheme are held separately from those of the Charity in an independently administered fund. Th@ pension
cost represents contributions payable by the Chartty to the fund and amounted to £2,570 {2023.' £3,749).
There were no amounts due to the scheme at 5 April 2024.
Page 28

SIR WALTER ST. JOHN'S EDUCATIONAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
21. Operating lease commltments
At 5 April 2024 the Charity had commilments to make future minimum lease payments under non-
cancellable operating leases as follows:
Unaudited
2023
2024
Not later than 1 year
7,200
2,400
The operating lease commitment is in relation to office premises. The lease for the office premises
expired on the 21st of August 2023. The charity has entered into an arrangement to continue using the
premises for a rolling annual rent of £7,200.
22. Related party transactions
The Charity has a Register of Interests which it keeps as a fomal record of Trustees, relevant interests.
The Register is updated on a regular basis. There have been no related party transactions requiring
disclosure in 2024.
Page 29