REGISTERED COMPANY NUMBER: CE028620 (England and Wales) REGISTERED CHARITY NUMBER: 1058694 SHREWSBURY HOUSE CIO TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SHREWSBURY HOUSE CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31MARCH2024
| Page | ||
|---|---|---|
| Reference and Administrative Details | ||
| Trustees' Report | 2 | 2 to11 |
| Independent Examiner's Report | 12 | |
| Statement of Financial Activities | 13 | |
| Statement of Financial Position | 14 | |
| Notes to the Financial Statements | 15 | 15 to26 |
SHREWSBURY HOUSE CIO REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Mr R Barrett Mr S H Cowper Rev M Ferguson (appointed 22.7.231 Mr R J Halson Lady E R Hedley Sir M Hedley (appointed 18.3.241 MrJJLees Mrs F McArdle Professor A J Mccarthy Mrs L P O'Loughlin MrMJWare Mr N L Winkley REGISTERED OFFICE Shrewsbury House 37 Langrove Street Everton Liverpool L5 3PE REGISTERED COMPANY NUMBER CE028620 (England and Wale81 REGISTERED CHARITY NUMBER 1058694 INDEPENDENT EXAMINER TCA IShr&w$buryl LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY1 1ED Pag8 1
SHREWSBURY HOUSE CIO TRUSTEES. REPORT OR THE YE R ENDED 31 MARCH 2024 The Trustees of the Charitable Incorporated Organisalion ICIOI present their report with the financi21 Statements of the CIO for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities., Statement of Recommended Praelice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES ObJectlv88 and Alm8 The aim of the CIO is the provision of a Youth Club and Community Centre in the Everton area of Liverpool. Shrewsbury House was found8d in 1903 and is known locally as The Shewsy. The charity owns and maintain5 this purpose built and fully equipped club property, at which il provides a full programme of After School and Senior Club activities for th& education and $o¢ialisalion of children and young people. Th8 area it serves remains one of th& m051 disadvantaged ward5 in the UK. It 15 a full-time centre and runs activities for 49 of the 52 w88ks of th8 year. Ils core business 15 working with children and young people. Through informal education, il aims lo meet the social, recreational, emotional and spiritual needs of the young people who are its m8mber$. This 1$ done through the relationships and $elf- confidence built beleen club members and the staff - and the activity and learning programmes that are offered. The vision is to draw out the lalenl and potential of all club members so that each one will discover a positive purpose and direction for their life. The Organisalion believes in and seeks lo promote the values of service, honesty, forgiveness, kindness, generosity, humility, selflessn8ss and care and consideration for others. This is 8 community-based organisation delivering informal education and aclivaly promoting equality, diversity and inclusion, 11 provides the voice and platform for the participation of young ptople in the club, the local community and the wider ¢ily - and encourages the empowerment of young people that can lead lo full citizenship. 8Ction and change. The Organisation works closely with many primary and Secondary schools and is also part of Several youth work networks. including the local aulhorily's Children's Servic05, th8 Liverpool Council for Voluntary Service, the Merseyside Youth Association, the National Youth Agency and UK Youth. It is Gonnecled lo and works in partnership with Shrewsbury School and shares 8 sile with St Peterfs, a local church with whom it gnjoys a close working relationship. Page 2
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Organisalion's aims remain as follows.. To provide.. 1. Adult support that is welcoming, understanding, encouraging and builds self-confiden¢a', 2. A safe. warm, clean, friendly, fun and slimulaling environment,. 3. Information. guidance and opportunities lo access training, learning, healthy lifestyle8 and work., 4. An expectation of high standards of behaviour, respect and achievement and a challenge whgre these are ignored., 5. Opportunities lo oxperionce and learn different activities, interests and skills., 6. Opportunities lo develop relationships across classes, cultures, races and genoralions., 7. A platform for developing character through discussion and debate,. 8. Opportunities to be part of working teams and lo practise organisalional and18adership Skills. The Organisation remains committed to providing additional support for those young people who are al th6 very highest risk of serious violent crime be¢au$e of their family circumstances, drug use, $¢hool exclusion and dislocation from the mainstream. The fact that the Club 15 a safe haven where informal education and diversionary activities happen is demonstrably beneficial to the Police and other lo¢al authority agencies charged with dealing with anti-social behaviour. Public benofit In furtherance of these aims the Truslges have complied with the duty in the Charities Act 2011 to have due regard lo the Charity Commission's revised published guidance concerning the operation of Public Benefit requirement under that Act. ACHIEVEMENT AND PERFORMANCE The Shgwsy will always bè judged on 118 ability lo improve the life chances of young people in the local ¢ommunity but in order lo have the maximum impact there needs to be a solid foundation of financial responsibility and compliance with statutory responsibilities. These two issues have been identified a$ priorities in this 12-month period, At Board Level, the Future of the Estate of the Shewsy - now in ils liftielh year in Langrove Street - is being carefully examined. The vicarage is no longer the home base of the Vicar of Sl Peter's and is currently empty while the Diocese works out how best to US8 It.. thè formèr Missionar's House is used lo generate investment income., the Hostel's function needs to be re-imagined for the 21st century as il is currently a financial liability and the relationship between the Church and the Club requires clarification all in the context of a physical infrastructure which needs significant investment. However, the unique relatlonships which have enabled the Page 3
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Shewsy to sland the test of time in this community prevail. In the 2023-2024 year, the impact of the Senior Executive Officer, the Treasurer, Senior Youth Workers and Club Employees working together to stabilise the fInanS and provide a platform for growth has been seen. An improved income performance combined with careful cost controls has provided the breathing space for staff to focus on the programmes in club. Existing projects and core provision have strengthened and new inilialives - such as the Youth Council, the Inbetweeners and Friday Night opening - have emerged. There is a more up-to-dale approach in evidence to many of the Club'5 core activitie5 and practices which help to keep our young people safe. Improved technical know-how and IT infrastructure have enabled the Club lo capture and benefit from accurate data on all of ils members. Parents and carers of Junior and Senior Club Members complete a detailed online Membership Form accessed via a QR Code with the data stored within the Club's digital workspace. The decision taken lo charge an Annual Membership Fee of £10 per club member has been more successful in Junior Club than Senior Club and remains a work in progress. In Junior Club, on average 60 club members per day come lo the after-school sessions Monday through Thursday (the majority of whom utilise the popular walking bus) with a very high level of consistency of attendance. This means that our Youth Workers are able lo develop the all-importanl depth of relationships. During the school holidays, the club offers 8 daily play scheme typically allended by 50 children. Over the course of the year. 150 different registered children between the ages of 5-11 have attended after-school, play scheme or both at the Shewsy. In Senior Club, numbers are more volatile with 39 registered members with a goal for the year ahead to ensure that more Senior Club attendees become full members. Towards the end of the year, a healthy 160 attendances were being recorded per week. The recent initiative of running a specialist bridging session on a Wednesday evening, called Inbetweeners, for our 11-14 year olds has been very successful. The aim was to raise awareness of the Senior Club amongst young people in the area who are just emerging from Junior Club. John Dumbell and Nicola Coker have been supported throughout the year by Honor Cuckson who is a volunteer undergraduate from Loughborough University. The club members have leamed to cook, visited other Liverpool youth clubs and planned all aspects of a residential trip as well as integrating successfully into regular Senior Club activities. Senior Club has also been able to open on selected Friday evenings. This has been funded by the Police who have commented on the positive impact this programme has had on anti-social behaviour in the local area. A very significant development this year has been the establishment of the Youth Council. Originally supported by Liverpool FC Foundation. the Youth Council has become a very important body in the development of club policy and practice. For example, the Club's policy on knives and blades was looked at in detail by the Youth Council with several important lessons learned by youth workÈrs and th$ Ex8CUtiv8 Committea Ss a result of hearing the voices of club members. In a similar vein, a group of Senior Club members have worked on a Junior Leadership Programme throughout Page 4
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 this year with friends from St Andrew's Youth Club in Dublin. This has translated into our Junior Leaders supporting the Youth and Play Workers during school holiday play schemes, planning all aspects of a Summer Residential including a very successful fundraising campaign and volunteering in many aspects of the Club's provision. It is very pleasing to report significant developments in terms of the Club Staff. Lauren Nelson and Lisa Dumbell have progressed from being volunteers onlo the Staff Team during this year. The Club has been very grateful for a grant from the Eleanor Rathbone Trust to support staff training. Recently, staff members after several months of hard study have been awarded Level 3 Food Safety in Catering awards which will enable us to take our catering provision to the next level. Staff have also undertaken Pediatric First Aid and Knifesavers Training. In addition, the Eleanor Rathbone funding has enabled several in service training sessions to happen in which local wisdom and learned experiences are shared in round table discussions. As a result, initiatives such as Project Tuesday Night have emerged. As part of the Safeguarding and Child Protection agenda, a new 32 camera CCTV infrastructure has been installed both within and at the perimeter of the Shewsy. The hardware was donated from an anonymous donor and we were provided with a significant contribution towards the installation by Christopher Ward Ltd. Key Features of the Year 2023-4 1. The Big Give Christmas Campaign 2023 was exceptionally successful with £95,277 raised including Gift Aid and after deductions. The Reed Foundation provided £15,000 alongside £25,000 in a single pledge to provide the foundation for the matched funding campaign. These were unreslricled funds used lo support staff costs and the core operation of the Club. 2. The Club continues to provide a Play Scheme service for members of the local community during school holidays. Supported by the Holiday Activities and Food Programme IHAFI the Shewsy nomially feeds between 40 to 60 primary age children every day and provides a fun-filled programme of sports, trips, craft5, music and drama. 3. 1llbeeeners, Junior Leadership and Friday Night openings have all created new opportunities for young people in the community to benefit from the Shewsy's offering. 4. The Shewsy has continued lo play a ntral role at the heart of the local Wesl Everton Community hosting the 2nnLJal Summer Fair (July 20231 and Friends of Shrewsbury House Dinner (October 2023}, Know Your Neighbour Day (December 20231, Liverpool Safeguarding Children Partnership Youth Forum & Question Time (Dember 20231. International Women's Day Celebration (March 20241, Youth Council Fundraiser (February 202418nd weekly host venue for North Liverpool Academy's Alternative Provision Programme and Community Pay Back. 5. Thè Shewsy has hosted 2 x Year 12 Social Studies I Careers One-Day Visits. 3 x Y9 Field Day Visits and 1 week of Year 10 Outdoor Week visits. The Club hopes the school agrees lo reinslale the residential Year 12 1 Lower Sixth Social Studies visits in this forthcoming year, since they are seen as particularly critical in building lasting memories. Page 5
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 6. Residential Trips have been successfully undertaken to the Old School Bunkhouse, Ingleton (Easter 20231, the Causeway Exchange, Dublin Imay 20231 with a hosted return vi511 to Liverpool (September 20231. 7. Significant improvements lo the Club's infrastructure and tech capability- including the installation of a new IT Suite - were achieved on account of generous donations from Prinovis Ltd ISpeke} and Alfred H Knight Ltd (Knowsleyl. 8. The Revd Mikey Ferguson was appointed as Vicar of Sl Peter's and became a Trustee of the Club. 9. Sir Mark Hedley accepted the Bishop of Liverpool's nomination lo represent him on the Board of Trustees. FINANCIAL REVIEW OF THE YEAR shWSbury House recorded 8 small surplus for the year of £16,210. This follows from a prior year loss of £162,147 (the worst financial result in memory) which had in turn followed a record positive result in 2022. Neither 2023 or 2022 was "normal" 2022 had been characterised by 'extraordinary income" in the form of the Shrewsbury School Sponsored Walk (which only happens every five years and is therefore something of a 'windfall° for the clubl and a number of particularly generous post COVID Grants. In contrast. prior to the inslallalion of a new SEO and Treasurer, 2023 was characterised by significant spending with an absence of tirnely management accounts or budgets lo fully inform those decisions. The overwhelming theme of 2023-2024 has been to normalise the financial management of the club. The majority of the year-on-yeai swing from record loss lo small surplus has been effected through careful cost control, but there has been some success in improving income. Both are explained below. Income Total Income for the year of £360,236 was £65,000 higher than the prior year, which is moderately encouraging. We improved the level of Restricted Funds we were able to raise by £19,000, which is p8rt1y a function of focusing more lime and resource on the bid process. with improved underlying management information (both operational and financiall to enhan the quality of the applications. This remains work in progress and will continue to be a focus for 202412025. The other major component lan uplift of £30,000) of the improved income line were two very generous legacies. The larger of Ihese1£25,0001 arrived in the last quarter and swung the club from what would have been 8 small deficit to small surplus. Welcome though these legacies are. they are definitionally non-recurring, and highlight the challenge of forecasting lolal incorno. Our most significant single source of funding remains private donations, the majority of which are connected to Shrewsbury School either as alumni. ex teachers or parents. As with the year before, the largest part of this is concenlr8led into the Big Give Christmas Challeng8. The first £40.000 of funds raised through online donations was matched thanks lo the generous support of our main pledger and the champion charity funds from The Reed Foundation. Page 6
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The level of income from Other Trading Activities has been relatively slalic year on year, and once reviewed on a fully costed basis is disappointing. Major strategic decisions about the future of the hostel in particular remain on hold, as the trustee board works out how il best fils into the future- for the moment it is neither fish nor fowl and adds a significant degree of complexity to the overall operation of the Shewsy. Income generated from Charitable Activities has improved, and although the uplift of £7.500 is relatively modest in the overall scheme of the club's finances. il hides some important developments. A group of club members have raised over £6,000 Iprior year.. nil) to fund a residential trip that will happen later this summer,. the improved level of net income (prior year 8 net1055 to the clubl al the summer fair. largely due to the endeavours of the new finanTr a5SiStanl, was another very encouraging development. From the start of this financial year we moved to new 2ccounting software, a completely revised chart of accounts, and improved Ibul see note on costs) the resourcing of the finance function. This provides more reliable, accurate and timely data. This has been vitally important in allowing the SEO and Executive Management Committee lo better understand what is happening 'in the business" but it is also important as a qualifier to the next section of this report. Expenditure The club's lolal expenditure of £344,000 has fallen by £114,000 year on year12rgely 2s a result of deliberate management focus on cost control and improving efficiency, with a recognition that a repeal of the 2023 result would have PLJt the club on the brink of bankruptcy. The club mantra that 'People mallgr more than things" is well loved, but has Its limits, and this was the year for something of a cultural reboot. The most substantial and recurring driver of the increase in the Shewsy's costs over the last few years is the wages and salary bill which is £100.000 greater in 2024 and 2023 than the previous 5 year average. This was caused by additions lo staff ISEO and Admin Slafft and large pay rises for youth workers in the period 2021- 2023. Reluctantly, bul of necessity, the Board decided there was to be no across the board pay rise this year, and total staff costs were only slightly higher year on year. Careful planning of the staff rola and greater diligence on timesheet management has led to efficiencies, without actually reducing the core offering of the club. This line in the accounts will remain a point of pressure, especially as the replacement SEO that is being hired will be full time rather than part lime and a potential need to increase the caretaker resourcing, especially if the decision is taken to remain in the 'hostel business" On a brighter note, the club has started opening on Friday nights for seniors, and the intention is to do so in the year ahead. There is a clear recognition of the wider community benefit in doing so and we are grateful to the poli for their substantial contribution to the funding of this. The biggest cost saving has been in the maintenance line. 8n area we have been able to really squeeze by challenging all items of expense as p8rt of the urgent atlempl to bring the club back into the black. This year's total Cost of only £17,500 for the youth club includes the recent large expense on ICT solutions installing CCTV and other enhancements to the club's digitsl capacity so that we can really benefit from a hugely generous Page 7
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 donation of Computers and Office Furniture from Prinovis in the second half of 2023. However, the club faces a number of potentially large bills ahead (most notably re heating, bul a more generally creaky and ageing infraslruclure, and areas of leaky roofj so keeping suoh a low level of maintenance spend is unlikely to be sustalnable. 11 should further be noted, that a few years ago, the Board elected an accounting policy under which no expenses were capilalised. Although prudent, this approach will inevitably lead lo a greater degree of P&L volatility than in an organisalion with a systemised maintenance and replacement policy where certain costs are capitslised and assets more smoothly depreciated. The other large saving has been in th& club programme. While there has been less 'gravy core club provision (opening hours, feeding th8 Club Mernbors, sufficient junior Glub arts crafts etc supplies) hasn't materially sUffed and the recent Easlar Holiday programme (where we failed lo secure HAF fundingl illustrated how much can bè done with 8 small budget with imagination and hard work. The real lightening of the screws so that the club lives Wlthin its means hasn't alway$ been popular, bul has been essential. If we can improve the club's incomè lines on a sustainable basis and continue to squeeze olhgr areas of cost, the objective will be lo ease off a bil so that spending in¢reoses a bil on those club Iprojects activities that are well planned and really add value. Balance Sheet and Rg9grves The small operating surplus for the year has slightly improved tho Not Assets of the Club al year end from £212,949 10 £229,159. The majority of this 1$ cash al bank. It should be noted that the prior year accoun18 have been re-slaled, reducing the opening nel asset position by £18,000., most club staff are on hourly ¢ontra¢ls paid 8 month in arroars, 8nd this had not historically been accrued for.1$8e note 101 Although total Nel Assets are slightly improved, the level of Unrestricted Funds has slightly droppgd. This warrants an explanation. As part of the improved income generation, the club secured over 20 individual Reslricled grants, as well as carrying over balances on 8 Restricted Funds from prior years. As part of the journey to improve financialladminislrative proceduros there is greater rigour appligd to the budgals for those grants and how the funds, once received, are applied. This has resulted in a larg8r level of unspent Reslricled Funds al March 2024 than was the case in March 2023. Plans to ulilise these much-valued grants have been discussed by the SEO and Executive Management Committee and it 18 expected these unspent balances will largely be ulilised in the first half of the new financial year. The Board of Trustees previously approved 8 policy to maintain a reserve that would cover six months of operating costs. In January 2023 as part of the approval of the accounts to year end 311312022, £53,000 was transferred from the general fund lo that Designated fund which now stands al £157,000. No further transfer has been made. Although discu$5ions about a new policy lapproach have been held, an adjusted policy Ireserves formula has not been finalised and nor will il be until larger strategic questions about the future of the wlder esiaie and Ihe need for a programme of proactlve malntenance have been addressed. However, Wlth much tighter management accounting, budgeting, and control over non roulinell8rge expenditure, the existing level of Designated fund is deemed adequate. 11 is split between savings on 100 Page 8
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 day5, notice1£85,0001, savings on 30 days, notice1£50,0001 and saving on instant access {£22,0001. These funds would not be accessed without full Board Approval. Al 315l March 2024 the free reserves of the charity, calculated as unr05tricled funds less designated funds and fixed assets were £31,521 12023.. £34,072, as restated, see note 10}. FINANCIAL DEVELOPMENTS AND FUTURE PLANS The liming oflhe Annual accounts coincides with the and ofthe tenure of the club's first SEO who was employed for a fixed Iwo-year contract on a part lime basis. Although adding to the cost base of the staff who prima facie are not frontline Youth Workers there have been very significant efficiencies l¢o$15avings delivered as a result. The financial turnaround demon$lraled in these results would not have happened without this appoinlmenl. Recognising that the role is actually full time if Ihg club is to be run compliantly and efficiently. especially when a large component of fundraising 15 included in the role profile, the replacement is being recruited for on a full- lime basis. In the immediate term this adds lo the expense line, bul it 1$ expected that the new CEO will help drivo further gfficiencies in the day-lo-day operation of tha club. Over lime as these processes become more deeply embedded and with greater use of technology it should b8 possible lo redeploy some of the 51aff time currently used in adminislralion to more frontline Youth work. The other significant financial opportunity for th8 new CEO is to continue the improved appr08ch lo fundraising, both al the Smaller leval. but also whèn bidding for largar potantial pot$ of funding Ih8t would opan up the possibility of larger scale capllal project5. Much of the groundwork to support our bids Ibeller financial data, improved policies et¢) has already been laid, and this work can be carried foN4ard and amplified. The financial year has started on a bright note with a substantial grant tOW8rds thè salary costs of the Deputy Team leader, Irontloaded bul spread over three years. and a welcome grant from the police. We are also very grateful lo our 8ig Give main Pledger who has informally notified us of his intention lo do so again this year. On mixed note, we are sad lo report of the untimely and premature death of Michael Dickson, an Old Salopian friend and donor to the club, but incredibly grateful to his wife, Lucy. and family who dedicated the collection al his memorial service lo the Shewsy,. donations in excess of £15,000 aro coming to the Shewsy as a result of this incredibly generous gesture. We plan to routinely open on Friday nights. bul a$ noted earlier this is something that we have a pot of c8rry over funding lo support. One of the potential financial risks worth identifying is a reduction in volunteer hours. A significant number of staff hours have been provided by two female volunteers in particular,. if they had to be replaced with paid hours in the year ahead it would have an adverse impact on the P&L. and sirnilarly if we can encourage more community involvem8nl lo supplement our paid employees, we can influence costs positively. This report would be incomplete without further discussion of the eslale. The hostel was built for a different time and purposg, bul has been closed lo 3rd party residents for the last year, largely because of compliance Page 9
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 1 MARCH 2024 issues, although il has provided a midweek home for the SEO who 15 not local. On a fully costed basis (which would include the direct staff costs of its cleaning, indirect staff costs of adminislralion and a contribution to a number of overheads for which we currently receive an integrated bill and are therefore ntst split out in the accounts) il is currently a financial drag on the club. A range of options are being considered, bul there are significant financial and non-financial options associated with each. Reaching resolution on ils future use is one of the key priorities for the Board. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The Charitable Incorporated Organisation is ¢onlrolled by 11$ Constitution 8$ defined by the Charities AGt 2011 and adopted on 18 March 2022. Recrultment and appolntment of naw tru¥tè•8 Th8 Management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the Conslilution. TRUSTEES. RESPONSIBILITY STATEMENT The trustees are responsible for preparing the Trustees, Report and the financial statements in accordanc& with applicable law and United Kingdom Accounting Standards Iunited Kingdom Genora11y AGGepted A¢¢ounting Practice) including Finan¢ial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Gharilable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to.. 1. select suitable accounting policies and then 8pply them consistently,. 2. observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudant.. 4. prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy ai any tlme the flnanclal p051tion of Ihe charitable Gompany and tD Enablr them to enaure thal tho finanGiuI statement5 comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable ¢ornpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 10
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Approved by order of the board of trustees on and signed on ils behalf by.. Mr N L Winkley - Trustee Page11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWSBURY HOUSE CIO Independent examinerfs report to the trustees of Shrewsbury House CIO ('the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilltles and basis of report As the charity's trustees of the Company (and also its direclors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independènt examination, I rèport in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (bj of the 2011 Act. Independent 8xamlnerfs statement Since your charity's gross income exce8d8d £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examin8tion. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement thal the accounts give a true and fair view which is not a matter considered as part of an independent examination, or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. CbllWwWLILLthWJg . C Moelwyn-williams, FCA Bsc TCA Ishrewsbury) LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY11ED Date.. 12th...O.uie..IC).3LF Page 12
SHREWSBURY HOUSE CIO STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds as restated Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 233,238 75,436 308,674 256,702 Charitable activities General 19,053 6,262 25,315 17.707 Other trading activities Other income 23,851 2,396 23,851 2,396 19,735 1,320 Total 278.538 81,698 360,236 295,464 EXPENDITURE ON Other trading activities 7,772 7,772 13,768 Charitable activities General 273,317 62,937 336,254 443,843 Total 281.089 62,937 344,026 457 611 NET INCOMEIIEXPENDITURE) 12.5511 18.761 16,210 1162,147} REGONCILIATION OF FUNDS Totsl funds brought forward As previously reported Prior year adjustment 209,130 18.0581 21,877 231,007 18,058} 393,154 18,0581 10 As restated 191,072 21.877 212.949 375,096 TOTAL FUNDS CARRIED FORWARD 188,521 40,636 229,159 212,949 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 13
SHREWSBURY HOUSE CIO REGISTERED NUMBER: CE028620 STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 as restated Notes CURRENT ASSETS Debtors Cash in hand 12 17,746 246.226 16,935 228.224 263,972 245,159 CREDITORS Amounts falling due within one year 13 134,8131 132,2101 NET CURRENT ASSETS 229 159 212 949 TOTAL ASSETS LESS CURRENT LIABILITIES 229,159 212,949 NET ASSETS 229 159 FUNDS Unrestricted funds Restricted funds 15 188,521 40.638 191,072 TOTAL FUNDS 229 159 212 949 The charitable company is 8nlilled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of it5 financial $18lemenls for the year ended 31 March 2024 in accordance with Section 476 of the Companies A¢1 2006. The trustees acknowledg8 their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slalemenls which give a true and fair view of the slate of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requiremgnls of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial slalemenls, so far as applicable lo the charitable company. Ibl These financial slalemenls have been prepared in accordance with the provisions applicable lo charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for Issue on and were signed on ils behalf by.. Mr J J Lee) - Trustee The notes form part of these financial statements Page 14
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Flnanclal reporting standard 102 reduced di8cIo8ure exemptlons The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Flnancial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows., the requirement of paragraph 3.17ldl', the requirements of paragraph5 11,42, 11.44, 11.45, 11.47. 11.481alliiil. 11.48lallivl, 11.48lbl and 11.48lcl', the requirernenls of paragraph8 12.26, 12.27. 12.29181, 12.29lbl and 12.29A', the requirement of paragraph 33.7. Income All income is recognised in the Slalemenl of Financial Aclivilie5 once the charity has entillemenl to the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilitie5 are recognised as expenditure as soon as there is a legal or conslruclive obligation ommitling the charity to that expenditure, it is probablo that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and hBs beon Classified undar headin98 that 899reg8te all cost related lo the category. Whore costs cannot b9 directly attributed lo particular headings they hav8 been allocated lo activities on a basis consislenl with the use of resources. Taxatlon The charity 1$ oxempt from corporation lax on its charitable activities. Fund accounting Unrestri¢led funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Restricted funds can only be used for particular restricted purposes within the objects of Ihg charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalemenls. Pension costs and other po8t.retirement bengfits The charitable company operate5 a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Debtors Trade and other debtors are recognised at the selllement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Page 15 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - contlnuèd FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Financial instrumènts The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instrument5 ar? initially recognised at transaction value and subsequently measured al their settlement value. DONATIONS AND LEGACIES 2024 2023 Big Give donations Donations Grants received Legacias Gift aid reclaimed Other Inslilulional Donations Shrewsbury School Donation 87,760 69,539 75,541 30,975 14,510 15.349 84.163 69,415 52,539 1,050 15,397 19,138 308,674 256 702 OTHER TRADING ACTIVITIES 2024 2023 Hire ol facililkgs Missioner's House rental Income Hostel incom8 CleanerlPhotocopier reGhgrge 8.258 9,360 4,859 7.319 6,308 6,108 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Club subscriptions Club trip fees Summer fair Club member fundraising activities Friends dinner subs and other income 12,241 1,374 4,160 6,265 11.158 3.258 2,094 Page 16 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 61 Support costs Totals General 326,949 336,254 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 as restated Staff cost$ Council lax and water rates Insurance Light and h&at Telephone Sundries Repairs and maintenance Club programme Recruitment and staff training Club supporters & community activity costs 237,508 4,819 15.309 10.690 5,111 5,625 17,685 24.187 1,317 226,775 3,678 14,473 14,563 5.722 91,450 65,181 5.541 326 949 431830 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru8tee8' expensgs There were no Iruslees, expense5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 231.308 222,067 4.708 237 508 226 775 The average number of employees durin9 the year wa5 as follows.. 2024 2023 SEO Senior Youth Worker Other Youth Workers Building Supportlcleaning Admin and Finance Part lime - salaried Full time - salaried Full Time Equivalent @ 37.5hr week Full Time Equivalent @ 37.5hr week Full Time Equivalent @ 37.5hr week Page 17 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS- continued YE 2023.. SEO only for 7 months No employoes received emoluments in ex¢es$ of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled funds Totsl funds as restated INCOME AND ENDOWMENTS FROM Donations and legacies 204,163 52,539 256,702 Charitable activitie8 General 17,707 17,707 Olh8r trading activities Other income 19,735 19,735 Total 242 925 295 464 EXPENDITURE ON Other trading 8Ctivilies 13,768 13,768 Charitable activities General 380 992 443.843 Total 394 760 457611 NET INCOMEIIEXPENDITUREI Transfers betsvegn funds 1151,8351 14.3131 110,3121 1162.1471 Net movement In funds 1166,1481 4,001 {162,1471 RECONCILIATION OF FUNDS Total funds brought forward 357,220 17,876 375,096 TOTAL FUNDS CARRIED FORWARD 191072 212 949 10. PRIOR YEAR ADJUSTMENT The 2023 accounts have been restated lo incorporate a creditor in relation to wages paid in April 2024. th81 related to payroll costs incurred during the financial year ended 31 March 2023. The$9 should have been accrued for in that year bul were not. Similarly, in April 2023, staff wages were paid that were for costs actually incurred in the year ended 31 March 2022, also wilhoul a corresponding accrual. Due lo the similarity of these amounts. there is nil net impact on the 2023 Statement of Financial AGtivitie5. However, the funds brought forward at 1st April 2022, and carried forward al 31 March 2023, have been reduced by £18.058. Therefore the free reserves of the charity brought forward. as al 1st April 2023, after the above adjustment, are £34,072. Page 18 ontinued.
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS For accounting purposes, the historical cost of the functional property is deemed lo be £nil as the trustees are unable to ascertain the original cost of the property. All other fixed assets have been depreciated in full. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 2,886 14,860 5,337 17.746 16.935 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as reslaled Trade creditors Accruals and deferred income 13,020 1,539 30.671 34,813 32,210 Deferred income in the prior year included income received during the period of £7,049, which related lo the financial year ended 31 March 2024. This included a payment for the Easter HAFF, running in early April 2023, rentsl income received for April 2023 and grant income received in support of specrfic expenses throughout the 2023124 financial year. This has been fully released in the financial year ended 31 March 2024. There is no deferred income included in the 2024 year end balance. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 2023 as resl8led Total funds Unrestricted funds Restricted funds Total funds CUrn1 assets Curienl liabilities 223,334 34,8131 40,638 263,972 34,8131 245.159 322101 188.521 40,638 229.159 212,949 Page 19 continued..
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS Prior year adjustment Nel movement in funds Al 31.3.24 Al 1.4.23 Unrestrictgd fund8 General fund Designated funds 52,130 157,000 118,0581 12,5511 31,521 157,000 209,130 118,0581 12,5511 188,521 Restricted funds Joseph Lappin memorial funds Know your neighbour day Old Salopian Club Table Tennis Association ESC Lollery - Sport England Beacon Trust LCVS Innovation in Communities Police & Crimelcily Safe Community Impael IT Suite Tutor Detached Summer Programmg Eleanor Rathbone Training Fund Everton Children's Centre October 2023 Peak District Walk 184 584 500 270 2.726 460 2,380 14,773 184 15841 500 12701 12,7261 13501 12,3801 8,589 2.020 3,511 322 4,685 5,944 110 23,362 2.020 3,511 322 4,685 TOTAL FUNDS 231.007 229 159 Page 20 onlinued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expend8d Movement in funds UnrgStri¢t8d funds General fund 278,538 {281,089} {2,5511 Rg$tri¢tgd funds Know your neighbour day Table Tennis Association MPAC PlayschemeslHAFIOlh8r LCC Activity grants ESC Lottery - Sport England Beacon Trust LCVS Innovation in Communities Police & Crimelcity Safe CCTV and IT Suite Church Funds for Subs Community Impact IT Suite Tutor Detached Summer Programme Eleanor Ralhbone Training Fund Everton Children's Centre Mayor- China Street Park October 2023 Peak District Walk Sainsbury Food Healthy Food in the Community Mayor Sendscope Mayorfs Neighbourhood Fund Primary Torus 1584} 1270) 15841 12701 25,482 125.4821 12,7261 13501 12,3801 118,9621 {3,4001 12501 12.7261 13501 12,3801 8,589 27,551 3,400 250 2,020 4,000 4,000 5,000 633 6.262 500 500 500 1,100 500 2,020 3.511 322 4.685 14891 13,6781 13151 16331 {3181 15001 15001 15001 11,1001 5,944 TOTAL FUNDS 360 236 344 0261 Page 21 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers beeen funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Designated funds Big Give fund (designated fund) 111,503 157,000 88,717 {151.8351 74.404 34,072 157,000 88,7171 357,220 1151,8351 114,3131 191.072 Restricted funds Joseph Lappin memorial funds Environmental project Know your neighbour day Old Salopian Club Stanfield JFC Table Tennis Association MPAC PlayschemeslHAFIOther LCC Activity grants ESC Lollery- Sport England Beacon Trust LCVS Innovation in Communities LCC Mayors Fund Causeway Police & Crimelcity Safe 1,106 4,259 584 500 171 270 19221 111,7241 184 7.465 500 12,558) 2,387 270 4,714 2,800 14,7141 1741 460 11,0921 14,4611 14,773 2,726 460 2,380 3,472 4.461 14,773 17,876 TOTAL FUNDS 375 096 162 147 212.949 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 242,925 (394,7601 1151,835} Restricted funds Joseph Lappin memorial funds Environmental project Stanfield JFC MPAC PlayschemeslHAFIOlher LCC Activity grants ESC Lollery - Sport England Beacon Trust LCVS Innovation in Communities LCC Mayors Fund Causeway Police & Crimelcity Safe 19221 112,9241 13.1381 1922} 111.7241 12,5581 1,200 580 21,109 125,8231 1741 15401 11,0921 {12,4611 5,8771 14,7141 1741 460 11,092) 14,461} 14,773 1,000 8,000 20,650 52,539 62,851 TOTAL FUNDS 295,464 457,6111 162,147 Page 22 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Prior year adjuslmenl Nel movement in funds Transfers between funds Al 31.3.24 Al 1.4.22 Unrestrlcted fund5 General fund Designated funds Big Give fund Idesignaled fundl 111,503 157.000 118,0581 1154.3861 74,404 13,463 157,000 887171 357,220 118,058} 1154,3861 114,3131 170,463 Restricted fund8 Joseph Lappin memorial funds Environmental project Know your neighbour day Old Salopian Club Stanfield JFC Table Tennis Association MPAC PlayschemeslHAFIOihe r LCC Activity grants ESC Lollery - Sport England Beacon Trust LCVS Innovation In Cornmunilies LCC Mayors Fund Causeway Police & Crimelcity Safe Community Impact IT Suite Tutor Detached Summer Programme Eleanor Rathbone Training Fund Everton Children's Centre October 2023 Peak District Walk 1.106 4,259 19221 111,7241 184 7,465 15841 500 171 500 12.5581 2,387 270 12701 4,714 14,7141 2,800 12.8001 110 110 3,472 13,4721 14,4611 4.461 23,362 23,382 2,020 2,020 3,511 3,511 322 322 4,685 4,685 5.944 5,944 14 313 TOTAL FUNDS 375.096 18,0581 145,9371 211,101 Page 23 ¢ontinued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 521,463 1675.8491 {154,3861 Restricted funds Joseph Lappin memorial funds Environmental project Know your neighbour day Stanfield JFC Table Tennis Association MPAC PlayschemeslHAFIOther LCC Activity grants ESC Lottery- Sport England Beacon Trust LCVS Innovation in Communities LCC Mayors Fund Causeway Police & Crimelcily Safe CCTV and IT Suite Church Funds for Subs Community Impact IT Suite Tutor Detached Summer Programme Eleanor Ralhbone Training Fund Everton Children's Centre Mayor- China Street Park October 2023 Peak District Walk Sainsbury Food Healthy Food in the Commun(ty Mayor Sendscope Mayor's Neighbourhood Fund Primary Torus 19221 (12,9241 15841 13.1381 12701 {9221 {11,7241 1584) 12,5581 12701 1,200 580 46,591 151,3051 12,8001 18901 13,4721 112,4611 124,8391 13,4001 12501 14,7141 12,8001 110 13,4721 14,4611 23.362 1,000 8,000 48,201 3.400 250 2,020 4,000 4,000 5,000 633 6,262 500 500 500 1,100 500 2,020 3,511 322 4,685 14891 13.6781 {3151 16331 13181 15001 15001 15001 11,1001 5,944 134,237 125,788 8.449 TOTAL FUNDS 655 700 801,637 145,9371 Details of the various funds held by the charity are as follows.. Unrestricted funds General Fund - Any monies not included in any other fund Designated Fund The Board of Trustees previously approved a policy lo maintain a serve that would cover six months of operating costs, including any winding up or redundancy costs, to ensure that there are adequate funds in the event that the charity is unable to continue lo operate due to insufficient income from charitable donations and grants. No further transfer has been made in the financial year ended 31 March 2024, and with much lighter management accounting, budgeting and control over non routinellarge expenditur8, the existing level of Designated fund 15 deemed 8dequate. Page 24 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued The Big Give Christmas Challenge Fund ~ Funds received and previously sel aside by the board for by for the employment of specialist staff and inslruclors and an upgrade to the IT suite. These funds were released in year ended 31 March 2023 by the board for use in the day to day e$senlial running of the Club. Restricted fund8 Joseph Lappin Memorial Fund Grants and donations received to maintain the Music surte and lo repair existing equipment and purchase new equipment, as deemed necessary. This includes a grant from the Rushworth Trust lo purchase new equipment for the Joseph Lappin music suite. Environmental projects Grants received lo dèliver Gommunily projects and maintsin the green spaces in and around the cenlre. Know You Neighbour Day - LCVS Big Gel Together grant for community event in memory of MP Jo Cox. Old Salopian Club - gap year pupil living costs Sianfield JFC - ongoing projeGI Garfield Weston - funds received to support wage ¢osls Merseyside Play A¢lion Council {MPACI Integrated Play Partnership - Out of school holiday club for children to get a hol me81 that replaces free school dinners Activity Grants Partnership. Out of school holiday play scheme grants provided by the Integrated Play Your Edge LCC Grant Aid - funds recalved to support wage costs John Moores Foundation Grant- funds received lo support wage costs Hans & Julio Rausing Trust - fund8 received to support wage and core costs P H Holl Resilience Fund - funds received to support wage costs ESC Lottery . Sport England - post COVlD-19 return lo play grant for afterschool activities and out of school play schemes. LCVS - Innovation in Communities - a one-off grant to upgrade the three Shrewsbury House garden areas,. the Vicarage garden, the Joseph Lappin Memorial garden and the inner courtyard garden. LCC Mayors Fund Causeway - To be used towards funding reciprocal residential exchange visits with an Irish Youth Club. Beacon Trust - Funds donated to provide discretionary emergency cost of living support lo local families. Poli & Crimelcily Safe Funding lo provide diversionary activity, including Karate and OUard Bound courses. as part of operation Slonehaven and the council's agenda lo keep the city 58fe. CCTV & IT Suite - A grant from a business donor to fund the installation of CCTV equipment and aSSOCl8ted IT improvements. Page 25 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued Church Funds for Subs Collection from church members to subsidise ¢lub members who, through family hardship, struggle lo pay club membership fees. Community Impact IT Suite Tutor Grant from Liverpool Charity & Voluntary Servicgs Community Impact Fund to finance the staff costs of an IT tutor ulilising the clubs IT resource. Detached Summer Programme - Grant from Local Neighbourhood Fund to finance the staff costs of Shewsy Staff to provide detached outreach youth work to teenagers in the community during school holidays. Includes an allocation of funding for a residential visit fore the same target group of young people. Eleanor Ralhbone Training Fund Grant from Eleanor Ralhbon8 Charitable Trust to provide essential training for new and existing staff al Shrewsbury House. Everton Children's Centre Grant from Everton Children's Centre to fund the purchase of Sports equipment, Educational Resources, Games & activities. Art materials and Cooking equipment. Healthy Food in the Community Additional Summer Half Term Funding to provide healthy food lo club members. Mayor - China Street Park - Donation from Mayoral Neighbourhood Fund for a community event to help reshape the use of Chin8 Street Kids Activity park. Mayor Sendscope Sendscope Charlly. Donation from Mayoral Neighbourhood Fund for onward transmission lo Mayorfs Neighbourhood Fund Primary Donation from Mayoral Neighbourhood Fund lo fund Residential Trip for Shew8y Club Members Oct 2023 Peak District Sponsored Walk - Fundraising proceeds of a Sponsored walk and subsequent Charity Comedy night, in both cases organised by Senior Club members in order lo raise funding for Residential trip in summer holidays 2024. Sain$bury'$ Food - Donation from Sainsbury's Helping Everyone Eat Better Community Grant Fund. Torus Services. Torus Community Impact Funding toward5 provision of School Summer Holiday Youth 16. EMPLOYEE BENEFIT OBLIGATIONS The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge repiesenls contributions payable by the charity to the fund and amounted to £6,200 12023.. £4,708) Contributions lolalling £nil12023.. £nill were payable lo the fund at the balance sheet dale. 17. RELATED PARTY DISCLOSURES During the year Trustees and their Glose family members made donations to the charity lolalling £9,91512023. £3,960) There were no other related party transactions during the year. Page 26