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← Sir Walter St.john's Educational Charity

2025-04-05-accounts

Charity no. 312690

Sir Walter St. John's Educational Charity Report and Unaudited Financial Statements 5 April 2025

Sir Walter St. John's Educational Charity

Reference and administrative details

For the year ended 5 April 2025

Charity number 312690
Registered office and St Mary's School
operational address 7 St Joseph's Street
London
SW8 4EN
Trustees The Trustees who served during the year and up to the date of this report
were as follows:
W Speck (Chair)
G Allen
V Asante
M Bates (Chair of Grants Committee)
S Beg
Cllr. L Bray
Canon S Butler (Resigned 26 June 2024)
D Daytes
B Fairbank (Vice Chair)
M Hassan (Appointed 28 May 2024)
D Makwana (Appointed 28 May 2024; Resigned 7
January 2025)
S Rackham
J Radcliffe OBE (Resigned 28 May 2024)
Cllr. D Robson
Col. M Stratton CBE
The Ven. S Taylor MBE (Appointed 26 June 2024)
Cllr. M Tiller
S Wilkie (Resigned 28 May 2024)
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 5AU
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the requirements of the Charity's governing document and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Objectives and activities

(a) Policies and objectives

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 former 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 Charity invites applications for grants from organisations that will improve the life 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 Early Years projects, the educational needs arising from mental health and supporting the educational needs of school age refugees and young carers.

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 achieving objectives

The Charity continues to give priority to activities benefiting the educational needs of the following groups of local children and young people:

The Charity employs a part-time 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 initiatives and networks that meet the Charity’s objectives. Partnerships include working with local schools, the Friends of Battersea Park, and environmental charities.

2

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

(c) Activities undertaken to achieve objectives

The Charity's funding assisted in delivering a range of educational projects including:

(d) Main activities undertaken to further the Charity's purposes for the public benefit Small Educational Grants

Small Educational Grants are awarded to local voluntary and community organisations to support educational 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 £5,000 to £10,000

The purpose of the Charity's grants between £5,000 to £10,000 is to enable small organisations to build capacity for educational purposes. These grants may be used to support:

Trustees hope that these grants may also lead some relevant organisations to apply for a larger strategic grant at a later date.

Strategic Grants

During 2024/25, strategic grants were paid to Baytree Centre, CARAS, Carers Hub, Katherine Low Settlement, and Mosaic Clubhouse.

The CARAS project carried out educational outreach and advocacy with young refugees and unaccompanied minors in Wandsworth and finished in September 2024. The project with Baytree provides mentoring support for girls and young women. Carers Hub provides homework and educational support for young carers. The grant to Katherine Low Settlement enables educational mentoring support and advocacy for refugee pupils. Mosaic Clubhouse’s work supports young people with mental health challenges to access education.

Organisations funded through the Strategic Grants programme submit quarterly written reports to update the Charity's Trustees on progress. The Strategic Grant organisations continue to meet quarterly and work together, forming an Advisory Group, to share information, 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 of twelve students, all of whom were either lone parents or potentially homeless young people aged under 25 living in Wandsworth or Lambeth.

3

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

Achievements and performance

(a) Main achievements of the Charity

During 2024/25, the level of grants awarded was £265,195 (2023/24: £88,546). 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 2024/25, the Charity made grant payments to 23 organisations totalling £148,528 (2023/24: 20 organisations totalling £176,294) including grant payments brought forward from the previous financial year. Further information on grants awarded during the current year can be obtained from the Charity’s office which is based at St Mary’s Primary School.

Trustees were also pleased to continue to facilitate a 3-year Early Years reading project delivered by Learn to Love to Read.

Trinity 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 Charity 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 contribution to knowledge and culture and this purpose is central to the entity holding them. The Charity's heritage assets meet this definition. The Charity's heritage assets were acquired on 28 February 1992 following the amalgamation of the Charity's 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 concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

(b) Reserves policy

The Trustees look to maintain the minimum level of unrestricted reserves that will permit it to maintain its day to day activities. There are occasions when the level of the unrestricted reserves 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 2024/25, this amounted to £205,168 (2023/24: £217,091).

4

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

In the financial year 2024/25, the Charity continued to employ Cazenove Capital Management as investment advisors and managers. The Charity aims to diversify its portfolio in accordance with its governing document and on the best professional advice so as to provide the greatest return sustainable in real terms 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 reserves') should be maintained at a level equivalent to not less than half the projected annual income from the Charity's investments.

At 5 April 2025, the target level of reserves was £102,584 and the free reserves of the Charity were above the target level at £230,701 (2023/24: £263,872). There are occasions, such as the present time, when the level of the unrestricted reserves is higher than the Trustees would ideally like to hold due to the availability of suitable beneficiaries.

The Charity held reserves of £6,029,176 (2023/24: £6,325,046) which are held within endowment funds of £5,910,238 (2023/24: £6,094,534), unrestricted funds of £118,648 (2023/24: £229,542) and restricted funds of £Nil (2023/24: £970).

Structure, governance and management

(a) Constitution

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 coopted, nine are nominated (five by Wandsworth Borough Council, two by Lambeth Borough Council, one by the Senate of the University of London and one by the Sinjuns Association) and one that serves 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 Charity’s objectives, information 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 confirmation. The Grants Committee meets four times a year, and has delegated authority to approve grants of up to £10,000. The Finance and Investment Committee meets twice a year to consider financial issues and review the performance of the Charity's 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.

5

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

The Charity employs a part-time Manager to deal with all day-to-day 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 and is able to provide references for previous grantees. The Trustees keep under review the major risks to which the Charity is exposed, in particular those related to its operations and finances, and are satisfied that systems are in place to manage those risks.

(b) Plans for future periods

The Charity expanded its Strategic Grant programme from 3 projects to 4, following receipt of strong applications that support the educational needs of young people in Wandsworth and Lambeth. Trustees continue to support these projects subject to their continued success in achieving their objectives. The Charity continues to facilitate Advisory Group meetings for all Strategic Grant projects.

(c) Methods of appointment or election 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.

Statement of responsibilities of the Trustees

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with 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).

The law applicable to charities in England and 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 the incoming resources and application of resources, including the net income or expenditure, of the Charity for the year. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which 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 constitution. The Trustees 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.

6

Sir Walter St. John's Educational Charity

Report of the Trustees

For the year ended 5 April 2025

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Trustees have no beneficial interest in the Charity.

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the Charity during the year and have expressed their willingness to continue in that capacity.

Approved by the Trustees on 8 July 2025 and signed on their behalf by

W Speck - Chair

7

Independent examiner's report

To the Trustees of

Sir Walter St. John's Educational Charity

I report to the Trustees on my examination of the accounts of Sir Walter St. John's Educational Charity (the Charity) for the year ended 5 April 2025, which are set out on pages 9 to 24.

Responsibilities and basis of report

As Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

William Guy Blake

Date: 8 July 2025 William Guy Blake ACA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

8

Sir Walter St. John's Educational Charity

Statement of financial activities

For the year ended 5 April 2025

Endowment
Note
£
Income from:
Donations and legacies
3
-
Investments
4
-
Total income
-
Expenditure on:
Raising funds
19,458
Charitable activities
-
Total expenditure
5
19,458
(19,458)
Net gains / (losses) on investments
(164,548)
Net income / (expenditure)
(184,006)
Transfers between funds
-
Net movement in funds
8
(184,006)
Reconciliation of funds:
Total funds brought forward
6,094,534
Total funds carried forward
5,910,528
Net income / (expenditure)
before gains / (losses)		 Restricted Unrestricted
£
£
-
5,000
-
205,168
-
210,168
-
-
-
322,032
-
322,032
-
(111,864)
-
-
-
(111,864)
(970)
970
(970)
(110,894)
970
229,542
-
118,648		 2025
Total
£
5,000
205,168
210,168
19,458
322,032
341,490
(131,322)
(164,548)
(295,870)
-
(295,870)
6,325,046
6,029,176		 2024
Total
£
37,500
217,091
254,591
18,122
150,854
168,976
85,615
338,025
423,640
-
423,640
5,901,406
6,325,046

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the accounts.

9

Sir Walter St. John's Educational Charity

Balance sheet

As at 5 April 2025

Note
Fixed assets
Tangible assets
11
Investment property
12
Fixed asset investments
13
Current assets
Debtors
14
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
15
Net current liabilities
Total assets less current liabilities
16
Net assets
18
Funds
19
Restricted funds
Endowment funds
Unrestricted funds
General funds
Total Charity funds
Creditors: amounts falling due after more
than 1 year		 £
2,412
65,457
67,869
134,285		 2025
£
447
1,000,000
5,207,645
6,208,092
(66,416)
6,141,676
(112,500)
6,029,176
-
5,910,528
118,648
6,029,176		 2024
£
670
1,000,000
5,406,583
6,407,253
1,783
52,666
54,449
101,656
(47,207)
6,360,046
(35,000)
6,325,046
970
6,094,534
229,542
6,325,046

Approved by the Trustees on 8 July 2025 and signed on their behalf by

W Speck - Chair

10

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

1. Accounting policies

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Sir Walter St. John's Educational Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the Charity is able to continue as a going concern. At 5 April 2025, the Charity is in a net current liability position of (£66,416). The Trustees have considered the impact of this issue on its current and future financial position. The Charity is able to draw down funds from its investment portfolio in order to satisfy any immediate creditors if required and holds substantial net assets of £6,029,176. The Trustees therefore consider that the Charity is a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Rental income received in advance is deferred until criteria for income recognition are met.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for specific projects being undertaken by the Charity. Endowment funds represent funds given to towards the capital of the Charity at its inception. Capital gains or losses generated by the investments form part of the fund. Investment management charges relating to this fund are charged against the fund. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income.

11

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

1. Accounting policies (continued)

f) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

g) Grants payable

Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the Charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the Charity’s activities. These costs have been allocated in full to charitable activities.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 10 years straight line Computer equipment 4 years straight line

j) Heritage assets

The Charity holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held to advance the preservation and conservation objectives of the Charity.

Where heritage assets were acquired in past accounting periods and not capitalised, it can be difficult or costly to attribute a cost or value to them. In such cases, these assets are excluded from the balance sheet if reliable cost information is not available and conventional valuation approaches lack sufficient reliability or significant costs are involved in the reconstruction or analysis of past accounting records or in valuation, which are onerous compared with the additional benefit derived by users of the accounts in assessing the Trustees' stewardship of the assets.

k) Investment property

Investment property is land held by the owner to earn rental income and is initially measured at cost, including transaction costs. Investment property is subsequently measured at fair value at the reporting date. This method of valuation applies to all the charitable company’s investment properties.

l) Listed investments

Listed investments traded on a recognised stock exchange are stated at fair value at the reporting date, which is deemed to be their market value. Any gain or loss, whether realised or unrealised, is taken to the Statement of Financial Activities.

12

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

1. Accounting policies (continued)

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

q) Pension costs

The Charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

r) Accounting estimates and key judgements

In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1(i) above.

13

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

2. Prior period comparatives: statement of financial activities

£
Income from:
Donations and legacies
-
Investments
-
Total income
-
Expenditure on:
Raising funds
18,122
Charitable activities
-
Total expenditure
18,122
(18,122)
Net gains / (losses) on investments
338,025
Net income / (expenditure)
319,903
Transfers between funds
Net movement in funds
319,903
Income from donations and legacies
Donations
Prior period comparative:
Donations
Endowment
Net income / (expenditure) before
gains / (losses)		 Restricted
£
£
30,000
7,500
-
217,091
30,000
224,591
-
-
49,458
101,396
49,458
101,396
(19,458)
123,195
-
-
(19,458)
123,195
17,928
(17,928)
(1,530)
105,267
Restricted
£
£
-
5,000
Restricted
£
£
30,000
7,500
Unrestricted
Unrestricted
Unrestricted		 2024
Total
£
37,500
217,091
254,591
18,122
150,854
168,976
85,615
338,025
423,640
-
423,640
2025
Total
£
5,000
2024
Total
£
37,500

3. Income from donations and legacies

14

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

4. Income from investments

Rental of Trinity Fields - operating lease
Investment income from securities
Interest receivable
Total income from investments		 2025
2024
Total
Total
£
£
75,000
75,000
119,998
126,042
10,170
16,049
205,168
217,091

All income from investments was unrestricted in the current and prior period.

5. Total expenditure

£
Grants (note 6)
-
Staff costs (note 9)
-
Investment management fees
19,458
Rent
-
Accountancy fees
-
Subscriptions
-
Legal and professional costs
-
Consultancy fees
-
Insurance
-
Printing, post and stationary
-
Computer costs
-
Depreciation
-
Sundry expenses
-
Bank charges
-
Travelling
-
Sub-total
19,458
Allocation of support and governance costs
-
Total expenditure
19,458
Raising
funds		 £
£
265,195
-
-
41,578
-
-
-
7,200
-
3,900
-
1,301
-
1,128
-
343
-
305
-
298
-
297
-
223
-
176
-
55
-
33
265,195
56,837
56,837
(56,837)
322,032
-
Support and
governance
costs
Charitable
activities		 £
265,195
41,578
19,458
7,200
3,900
1,301
1,128
343
305
298
297
223
176
55
33
2025 Total
341,490
-
341,490

Total governance costs were £3,900 (2024: £8,400)

15

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

5.
Total expenditure (continued)
£
Grants (note 6)
-
Staff costs (note 9)
-
Investment management fees
18,122
Accountancy fees
-
Rent
-
Consultancy fees
-
Subscriptions
-
Depreciation
-
Insurance
-
Sundry expenses
-
Computer costs
-
Printing, post and stationary
-
Travelling
-
Sub-total
18,122
Allocation of support and governance costs
-
Total expenditure
18,122
Prior period comparative
Raising
funds		 £
£
88,546
-
-
40,010
-
-
-
8,400
-
7,200
-
2,892
-
1,863
-
478
-
451
-
398
-
378
-
202
-
36
88,546
62,308
62,308
(62,308)
150,854
-
Charitable
activities
Support and
governance
costs		 £
88,546
40,010
18,122
8,400
7,200
2,892
1,863
478
451
398
378
202
36
2024 Total
168,976
-
168,976

16

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

6. Grants payable

During the year, 22 (2024: 19) new grants were awarded to 22 institutions (2024: 16) and 1 to individuals (2024: 1).

Total grants committed to during the year were as follows:

Grants payable to institutions:
Strategic grants
Baytree Centre
Carers Hub Lambeth
Mosaic Clubhouse
Small education grants
Caras
Katherine Low Settlement
Learn to Love to Read
Triangle Adventure Playground Association
Small grants (<£5k)
Total grants payable to institutions
Grants payable to individuals:
7.
Grant commitments
Grant commitments brought forward
Grants committed during the period
Grants paid during the period
Grant commitments carried forward		 2025
£
75,000
75,000
75,000
-
5,000
5,000
1,500
23,695
260,195
5,000
265,195
2025
£
123,833
265,195
(148,528)
240,500		 2024
£
-
10,000
-
19,393
-
-
19,574
34,579
83,546
5,000
88,546
2024
£
211,581
88,546
(176,294)
123,833

17

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

8. Net movement in funds

This is stated after charging:

Net movement in funds
This is stated after charging:
2025 2024
£ £
Depreciation 223 478
Operating lease payments 7,200 7,200
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses Nil Nill
Auditors' / Independent examiner's remuneration (excluding VAT):
Statutory audit - 5,000
Independent examination 3,250 -
Other services - 2,000

In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Pension costs		 2025
£
39,243
2,335
41,578		 2024
£
37,440
2,570
40,010

No employee earned more than £60,000 during the year.

The key management personnel of the Charity comprise the Trustees and Manager. The total employee benefits of the key management personnel were £41,578 (2024: £40,010).

Average head count 2025
No.
1		 2024
No.
1

10. Taxation

The Charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

18

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

11. Tangible fixed assets

£
Cost
At 6 April 2024
1,305
Additions in year
-
Disposals
-
At 5 April 2025
1,305
Depreciation
At 6 April 2024
1,305
Charge for the year
-
On disposals
-
At 5 April 2025
1,305
Net book value
At 5 April 2025
-
At 5 April 2024
-
Fixtures and
fittings		 £
10,450
-
(7,055)
3,395
9,780
223
(7,055)
2,948
447
670
Computer
equipment		 Total
£
11,755
-
(7,055)
4,700
11,085
223
(7,055)
4,253
447
670

Heritage assets

The Charity holds heritage assets, which comprise of chattels acquired on the amalgamation of its five predecessor charities under the Charitable Scheme dated 28 February 1992. Chief amongst 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 information on transfer cost and the lack of comparable market values. These chattels are not therefore reported as assets in the Balance Sheet.

12. Investment property

Investment property
2025 2024
£ £
Market value 1,000,000 1,000,000

Investment property comprises land held by the Charity to earn rentals and has been valued by the Trustees, on an open market value under the existing use basis.

19

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

13. Fixed asset investments

£
£
Market value brought forward
5,164,754
156,648
Additions at cost
1,490,568
-
Disposals proceeds
(1,504,649)
(16,500)
Gains / (losses)
(171,351)
6,803
Market value carried forward
4,979,322
146,951
Cash held for reinvestment
58,830
22,542
Total value of portfolio
5,038,152
169,493
Listed
investments
Other fixed
asset
investments		 Total
2025
£
5,321,402
1,490,568
(1,521,149)
(164,548)
5,126,273
81,372
5,207,645		 Restated
Total
2024
4,969,503
2,112,743
(2,093,506)
332,662
5,321,402
85,181
5,406,583

Prior year figures have been restated to move realised gains / (losses) to the net gains / (losses) line, and to separate investment cash from cash invested in liquidity funds. This is a disclosure adjustment only and has no impact on total fixed asset investments.

14. Debtors
Prepayments and accrued income
15. Creditors: amounts falling due within 1 year
Accruals
Deferred income (see note 17)
Grants payable
16. Creditors : amounts due after 1 year
Grants payable		 2025
£
2,412
2025
£
4,202
2,083
128,000
134,285
2025
£
112,500		 2024
£
1,783
2024
£
10,740
2,083
88,833
101,656
2024
£
35,000

20

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

17. Deferred income

At 6 April
Deferred during the year
Released during the year
At 5 April
Deferred income relates to rent received in advance.		 2025
£
2,083
2,083
(2,083)
2,083		 2024
£
2,083
2,083
(2,083)
2,083

18. Analysis of net assets between funds

Tangible fixed assets
Investment property
Fixed asset investments
Current assets
Current liabilities
Creditors due in more than one year
Net assets at 5 April 2025
Prior period comparative
Tangible fixed assets
Investment property
Fixed asset investments
Current assets
Current liabilities
Creditors due in more than one year
Net assets at 5 April 2024		 £
-
1,000,000
4,910,528
-
-
-
5,910,528
£
-
1,000,000
5,094,534
-
-
-
6,094,534
Endowment
funds
Endowment
funds		 £
-
-
-
-
-
-
-
£
-
-
-
970
-
-
970
Restricted
funds
Restricted
funds		 £
447
-
297,117
67,869
(134,285)
(112,500)
118,648
£
670
-
312,049
53,479
(101,656)
(35,000)
229,542
General
funds
General
funds		 Total
funds
£
447
1,000,000
5,207,645
67,869
(134,285)
(112,500)
6,029,176
Total
funds
£
670
1,000,000
5,406,583
54,449
(101,656)
(35,000)
6,325,046

21

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

19. Movements in funds

Endowment funds
Endowment funds
Restricted funds
Unrestricted funds
General funds
Total funds
Environmental and
climate change
educational support
Total endowment
funds
Total unrestricted
funds
Total restricted
funds		 At 6 April
2024
£
6,094,534
6,094,534
970
970
229,542
229,542
6,325,046		 Income
£
£
-
(19,458)
-
(19,458)
-
-
-
-
210,168
(322,032)
210,168
(322,032)
210,168
(341,490)
Expenditure		 £
-
-
(970)
(970)
970
970
-
Transfers
between
funds		 Gains /
(losses)
£
(164,548)
(164,548)
-
-
-
(164,548)		 £
5,910,528
At 5 April
2025
5,910,528
-
-
118,648
118,648
6,029,176

Purposes of restricted 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.

Transfers

The transfer relates to the unused funds from the Climate Change fund which the donor confirmed may be treated as unrestricted income.

22

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

19. Movements in funds
Prior period
comparative
Endowment funds
Endowment funds
Restricted funds
Unrestricted funds
General funds
Total funds
Total endowment
funds
Friends of Battersea
Park
Total unrestricted
funds
Total restricted
funds
Environmental and
climate change
educational support		 (continued)
At 6 April
2023
£
5,774,631
5,774,631
2,500
-
2,500
124,275
124,275
5,901,406		 Income
£
£
-
(18,122)
-
(18,122)
-
-
30,000
(49,458)
30,000
(49,458)
224,591
(101,396)
224,591
(101,396)
254,591
(168,976)
Expenditure		 £
-
-
(2,500)
20,428
17,928
(17,928)
(17,928)
-
Transfers
between
funds		 Gains /
(losses)
£
338,025
338,025
-
-
-
-
-
338,025		 £
6,094,534
At 5 April
2024
6,094,534
-
970
970
229,542
229,542
6,325,046

23

Sir Walter St. John's Educational Charity

Notes to the financial statements

For the year ended 5 April 2025

20. Defined contribution pension scheme

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. The pension costs represents contributions payable by the Charity to the fund and amounted to £2,335 (2024: £2,570). There were no amounts due to the scheme at 5 April 2025.

21. Operating lease commitments

The Charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year		 2025
£
7,200		 2024
£
7,200

The operating lease commitment is in relation to office premises. The Charity has an arrangement to continue using the premises for a rolling annual rent of £7,200.

Rentals paid under operating leases are charged to the statement of financial activities as they fall due.

22. Related party transactions

There were no related party transactions in the current or prior period.

24