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 2025
SHREWSBURY HOUSE CIO
CONTENTS OF THE FINANCIAL STATEMENTS —— FOR THE YEAR ENDED 31 MARCH 2025 ooo,
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustees' Report | 2 | 2 **to8 ** |
| Independent Examiner's Report | 9 | |
| Statement of Financial Activities | 10 | |
| Statement of Financial Position | 11 | |
| Notes to the Financial Statements | 12 | to25 |
SHREWSBURY HOUSE CIO REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Mr R Barrett Mr S H Cowper Mr R Davies (appointed 14.10.24) Rev M Ferguson Mr R J Halson {resigned 22.10.24) Lady E R Hedley Sir M Hedley Mr J J Lees (resigned 14.10.24) Mrs F McArdle Professor A J Mccarthy (resigned 7.10.24) Mrs L P O'Loughlin Mr M J Ware (resigned 31.8.24) Mr N L Winkloy REGISTERED OFFICE Shrewsbury House 37 Langrove Street Everton Liverpool L5 3PE REGISTERED COMPANY NUMBER CE028620 (England and Wales) REGISTERED CHARITY NUMBER 1058694 INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY11ED Page 1
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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). The Charity was originally constituted under a Memorandum of Association and is a registered charity number 1058694. On 10th May 2021 a special resolution was passed to convert the charitable company (company number 03245123) into a Charitable InGorporated Organisation (CIO) and it is now governed by a foundation model constitution. OBJECTIVES AND ACTIVITIES Objectives and aims The aim of the CIO is the provision of a Youth Club and Community Centre in the Everton area of Liverpool. Shrewsbury House was founded in 1903 and is known locally as The Shewsy. The charity owns and maintains this purpose built and fully equipped club property, at which it provides a full programme of After School and Senior Club activities for the education and socialisation of children and young people. The area it serves remains one of the most disadvantaged wards in the UK. It is a full-time centre and runs activities for 49 of the 52 weeks of the year. Its core business is working with children and young people. Through informal education, it aims to meet the social, recreational, emotional and spiritual needs of the young people who are its members. This is done through the relationships and self-confidence built between club members and the staff and the activity and learning programmes that are offered. The vision is to draw out the talent and potential of all club members so that each one will discover a positive purpose and direction for their life. The Organisation believes in and seeks to promote the values of service, honesty, forgiveness, kindness, generosity, humility, selflessness and care and consideration forothers. This is a community-based organisation delivering informal education and actively promoting equality, diversity and inclusion. It provides the voice and platform for the participation of young people in the club, the local community and the wider city and enGourages the empowerment of young people th8t can lead to full Gltizenship, action and change. The Organisation works closely with many primary and secondary schools and is also part of several youth work networks, including the local authority's Children's Services, the Liverpool Council for Voluntary SeNice, the Merseyside Youth Association, the National Youth Agency and UK Youth. It is connected to and works in partnership with Shrewsbury School and shares a site with St Peterfs, a local church with whom it enjoys a close working relationship. The Organisation's aims remain as follows-. To provide.. 1. Adult supportthat iswelcoming, understanding, encouraging and builds self-confidence., 2. A safe, warm, clean, friendly, fun and stimulating environment,. 3. Information, guidance and opportunities to access Iraining, learning, healthy lÈfestyles and work., 4. An expectation of high standards of behaviour, respect. and achievement and a challenge where these are ignored., 5. Opportunities to experience and learn different activities, interests and ski11s,' 8. Opportunitiag to dÉ.hvp.lop relationghiDS xtr.roq£ classes. cultures. races and qenerations,. 7. A plarform for developing character through discussion and debate,. 8. Opportunities to be part of working teams and to practise organisational and leadership skills. Page 2
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Organisation remains committed to providing additional support for those young people who are at the very highest risk of serious violent crime because of their family circumstances, drug use, school exclusion and dislocation from the mainstream. The facl that the Club is a safe haven where informal education and diversionary activities happen is demonstrably beneficial to the Police and other local authority agencies charged with dealing with anti-social behaviour. Public benefit In furtherance of these aims the Trustees have complied with the duty in the Charities Act 2011 to have due regard to the Charity Commission's revised published guidance concerning the operation of Public Benefit requirement under that Act. ACHIEVEMENTS AND PERFORMANCE The Shewsy will always be judged on its ability to improve the life chances of young people in the local community but in order to have the maximum impact there needs to be a solid foundation of financial responsibility and compliance with statutory responsibilities. These two issues remain ongoing priorities. The past year has been one of continued development at the Shewsy. We have focused on doing things differently, which has presented challenges, but feedback from parents, carers, and young people has been overwhelmingly positive, confirming that we are moving in the right direction. Our new three-year strategy continues to prioritise the safety and functionality of our estate, developing a robust fundraising approach, and exploring ways to improve our buildings and spac8S to better serve young people and the wider community. Our building, while well-used and highly valued, requires ongoing investment. The former vicarage remains a Church asset, while the former youth workers, house is privately rented, providing a small income stream. The hostel Continues to operate at a financial deficit, although short-term rental of the ground-floor space has helped offset costs. During the day, we have partnered with colleagues in education to provide out-of-school lessons, ensuring underutilised spaGes benefit the community. Improvements made this year include a full risk assessment, updated fire signage and doors, redecoration of the club, garden improvements, new staff uniforms, upgraded security systems, revised policies, and additional staff training. We are also grateful far donated reconditioned laptops to support the team. We continue to enjoy a strong symbiotic relationship with Shrewsbury School and have welcomed pupils three limes this year for residential visits. Feedback from the students has been overwhelmingly positive, highlighting their enjoyment of the Shewsy experience and their enhanGed understanding of privilege. Our programmes remain well-used and valued. Junior Club averages 40 children per day, with funding from a late Salopian donation allowing us to provide a nutritious, home-cooked meal daily, an important support for families given the current economic climate. Educational and skill-building activities Gontinue, such as themed projects-, for example, in October, children learned about NASA scientist Katherine Johnson before building their own rockets. The Wednesday "Inbetweeners" session for 11-14-year-olds has been very successful, offering independenGe and space for young people to engage in social and education21 aclivities. The newly redecorated girls, room has become a popular space for discussion, learning, and creative activities. Senior Club attendance ranges between 50-70 young people per evening, providing a safe alternative to street-based activities. Summer outreach work offered diversionary activities such as water sports at Ihe Albert Dock and Flip Out trampoline park. The Youth Council transitioned this year following a SUCGessful fundraising evening, and the newly elected council is already contributing to policy and practi, ensuring young people's voices remain central to our work. Easter and Summer play schemes, funded by HAAF, provided free access to children in receipt of benefits, while 8 self-funded Fèbruary schemo addressed ongoing demand. Page 3
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Staff development has been a key focus. All mandatory training, including Food Hygiene and GDPR, has been completed, and team cohesion has improved through regular meetings and a shared focus on the charity's values. Two former members have joined the team, and one has commenced a youth work training contract. To support operational leadership, we are currently recruiting an Operations Manager. This year, we have also benefited from extemal volunteering, with organisations such as British Gas and Churchill Facilities contributing the equivalent of three days of time, supporting projects and initiatives across the Club. Overall. the Shewsy has made considerable progress over the past year. While implementing new ways of working has been challenging, the positive response from parents, carers, young people, and visiting students demonstrates that our programmes, infrastructure improvements, and strategic initiatives are making a meaningful difference. The organisation is now better placed to continue providing safe, eng8ging, and supportive spaces for young people while building a sustainable foundation for the future. Key Features of the YeaT 2024-25 Strate ic Pro ress and Focus Implemented first year of our new three-year strategy, prioritising.. Estate safety and functionality Development ofa robustfundraising strategy Exploration of building improvements to better serve young people and the wider community Positive feedback from parents, carers, and young people confiming the charity is moving in the right direction Buildin and Estate Ongoing investment needed in ourwell-used. valued building Former vicarage remains a Church asset; former youth workers, house provides a small rental income Hostel continues to operate at a deficit, but short-term ground-floor rentals help offset costs Building improvements completed.. Full risk assessment Updated fire signage and doors Club redecoration and garden upgrades New staff uniforms and upgraded seourity Systems Revised policies and staff training Donated reconditioned laptops supporting the team Partnershi s and Relationshi Continued strong relationship with Shrewsbury School Three residential visits this year Two Shewsy yOLJng people set tojoin the SGhool's trip to Africa in March 2026 Feedback highlighted the impact of Ihe Shewsy experience on students, understanding of privilege New partnership with Brakes providing food and cleaning supplies more cost-effectively Daytime partnership with local education colleagues using underutilised spaces for out-of-school lessons Corporate volunteering from British Gas and Churchill Facilities, contributing the equivalent of three volunteer days Page 4
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Pro ramme Hi hts Junior Club.. Average 40 children per day Late Salopian donation enables daily nutritious home-cooked meals - Themed educational projects, e.g. learning about NASA scientist Katherine Johnson and building rockets "Inbetweeners" {11-14sl-. Highly successful,. offers social and educational independence Newly redecorated gids, room proving a popular creative and discussion spa Senior Club.. 50-70 young people per night., provides a safe alternative to street-based activity Summer outreach included watersports at Albert Dock and Flip Outtrampoline pa Youth Council.. Successfully transitioned after fundraising evening Newly elected members whowill contribute to policy and practice decisions. Play schemes: Easter and Summer funded by HAAF (free access for children on benefits) Febwary self-funded in response to high demand Four residential trips delivered across the year Community engagement.. Successful Summer Fair bringing families and local residents together Peo leando erations St8ff development a key focus.. All mandatory training (Food Hygiene, GDPR) completed Strengthened team cohesion and alignmenl to Shewsy values Two former staff rejoined; one staff member began youth work training Recruitment underway for Operations Manager to strengthen operational leadership New HR consultant appointed, and new policies introduced lo modernise practice and compliance New treasurer appointed to the Board alongside two new board members who both bring useful connections to the charity Overall Im act Significant organisational progress despite the challenges of change Enhanced safety, structure, and sustainability Stronger community engagement 2nd youth voice The Shewsy is well-posilioned to deliver safe, engaging, and lif8-ch8nging opportunities for young people in the years ahead Page 5
SHREWSBURY HOUSE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Financial position Shrewsbury House recorded a surplus for the yearof£77.535. This follows from a prior year surplus of £16,210. Following some outlier results in both 2022 & 2023, the past two periods demonstrate what should be considered 'normal' for Shrewsbury House, though it must be said to achieve this still requires a great deal of effort by the team, and a keen eye on cost control. The appolntment of a new, full-time CEO In January 2025 helps position the club for the future, both from a point of view of day-to-day management, but also the ability to explore new channels of funding, to meet the club's requirements and ambitions over the coming years. The new accounting software, inlroduced in the prior year, is now well-established and Is delivering on its promise of faster and more accurate information, the importance of which is felt not only in the day-to-day running of the Club, but also in providing information to support the bid process. This year also saw the Club bring its payroll processing in house, reducing its reliance on the School to provide this service. Income Total Income forthe year of £430,225 was £69,989 higherthan the prioryear, which is encouraging. The Club improved the level of Grant income we were able to raise by £22,895 a demonstration of focusing more time and resource on the bid process. This has been supported by improved management information provided by the move to a new finance system. This remains work in progress and will conlinue to be a focus for 202512026. Another major component (an uplift of £20,825) of the improved income was due to legacles. The Club was fortunate to be the recipient of a number of very generous legacies, however it must be remembered they are definitionally non-recurring and highlight the challenge of forecasting total income. Our most significant single source of funding remains private donations, the majorliy 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 concentrated into the Big Give Christmas Challenge. The level of income from Other Trading Activities saw a modest increase of £3,504, but once reviewed on a fully costed basis is disappointing. Major strategic decisions about the future of the hostel, in particular, are a key focus over the coming period, to ensure the non-core activities can contribute positively in future years. Income generated from Charitable Activities fell £6,834 from the previous year, though il should be noted the previous year included in excess of £6,000 raised by club members to fund a residential trip, meaning the level this year is more in linè with historic trends. Expenditure The club's total expenditure of £352,690 has increased by £8,664 year on year largely a5 a result of the general levels of inflation in the eGonomy. In previous years the need for increased cost control was highlighted, and this continues to be a day-today focus of the Club. The most substantial and recurring driver of the increase in the Shewsy's costs over the last few years is the wage3 and salary bill which is £9,422 higher than the previous year, and increase of about 40/.. This is expected to increase in the following year, as there will be a full year's cost in respect of the new full-time CEO, along with and inflationary increase to other staff lo help offset cost of living increases in the UK. Page 6
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The biggest cost saving has been in the maintenance line. where spend was down £7,543 compared to the previous year. A keen eye is being kept on levels of maintenance spend while discussions are had regarding the future strategy for the building. In the absenGe of significant re-development keeping such a low level of maintenance spend is unlikely to be sustainable, given the ageing infrastructure. It should further be noted, that a few years ago, the Board elected an accounting policy under which no expenses were capitalised. Although prudent, this approach will inevitably lead to a greater degree of P&L volatility than in an organisation with a systemised maintenance and replacement policy where certain costs are capitalised and assets more smoothly depreciated. Spend on club programme, increased significantly compared to the previous year, up £16,505 to £40.692, which was made possible by the increased level of donations, grants and legacies. That said, cost control continues to be a necessary discipline, as is to be expecled in an organisation that relies so greatly on private donations. Balance Sheet and Reserves The operating surplus for the year has slightly improved the Net Assets of the Club at year end from £229,159 to £306,694. The majority of this is cash at bank. Unspent restricted funds stood at £47,110 at the year-end, up £6.472 from the previous year, largely a result of the continued good work in securing these funds. Plans to utilise these have been discussed and it is expected these unspent balances will largély be utilised in the first half of the new financial year. The Board of Trustees previously approved a policy to maintain a reseNe that would cover six months of operating Costs. At the prior year-end this fund was £157,000 and remains unchanged. At the year-end this was split between savings on 100 days, notice (£86,293), savings on 32 days, notice (£50,679) and saving on instant access (£20,028). These funds would not be accessed withoutfull Board Approval. At 31 st March 2025 the free reserves of the charity. calculated as unrestricted funds lass designated funds and fixed assets were £102,584 (2024.. £31,521). FINANCIAL DEVELOPMENTS AND FUTURE PLANS The 24-25 year saw the appointment of a new, full-time CEO. In the immediate term this adds to the expense line, but it is expected that the CEO will help drive further efficiencies in the day-to-day operation of the club. Over lime as these processes become more deeply embedded and with greater use of technology it should be possible to redeploy some of the staff time currently used in administration to more fronlline Youth work. The other significant financial opportunity for the new CEO is lo continue the improved approach to fundraising, both at the smaller level, but also when bidding for larger potential pots of funding that would open up the possibility of larger scale capilal projeots. Much of the groundwork to support our bids (better financial data, improved poliGies etGI has already been laid, and this work can be carried forward and amplified. The building remains the priority in terms of medium-lerm financial implications and beyond. Ensuring Ihe Club has a fit-for-purpose premises is a key consideration, and how best to achieve this will be a key focus moving forward. The improved approach to fundraising, facilitated by the new CEO will no doubt play an important part in achieving this goal. Page 7
SHREWSBURY HOUSE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity was incorporated on 3rd September 1996 as a company limited by guarantee and was registered with the Charity Commission on 16th October 1996. The charitable company has since been controlled by its governing document, a memorandum of Association. On 10th May 2021 a special resolution was passed to convert the charitable company into a Charitable Incorporated Organisation (CIO) and it is now governed by a foundation model constitution. The Charitable Incorporated Organisation is controlled by its Constitution as defined by the Charities Act 2011 and adopted on 18 March 2022. Recruitment and appointment of new trustees The Management of the CIO is the responsibility of the Trustees who are elected and GO-OPted under the terms of the Constitution. TRUSTEES. RESPONSIBILITY STATEMENT The trustees (who are also the direGlors of Shrewsbury House CIO for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom AcGounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and appliGable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable 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 select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., makejudgements and estimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable aGcuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order ofthe board oftrustees on....-..... nd signed on its behalf by: L Winkley- Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWSBURY HOUSE CIO Independent examineff s reportto the trustees of Shrewsbury House CIO {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in aGcordance with the requirements of Ihe Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not reqLJired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Seclion 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) (b) of the 2011 Act. Independent examinerfs statement Since your charity's gross income exceeded £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 examinalion. 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 aGcounling requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an indepen(Jent examination; or the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for acGounling 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. C Moelwyn-williams, FCA Bsc TCA (Shrewsbury) LLP Third Floor 21 St Mary's Slreet Shrewsbury Shropshire SY11ED Date: 2026 Page 9
SHREWSBURY HOUSE CIO STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 276,764 102,920 379,684 308,674 Charitable activities General 17,226 1,255 18,481 25,315 Other trading activities Other inGome 26,580 4,705 775 27,355 4,705 23,851 2,396 360,236 Total 325,275 104,950 430,225 EXPENDITURE ON Raising funds 7,772 7,895 775 8,670 Charitable activities General 246,289 97,731 344,020 336,254 344,026 Total 254,184 98,506 352,690 16,210 NET INCOME Transfers between funds 71,091 (28) 6,444 28 77,535 14 Net movement in funds 71,063 6,472 77,535 16,210 RECONCILIATION OF FUNDS Total funds brought forward 188,521 40,638 229,159 212,949 TOTAL FUNDS CARRIED FORWARD 259,584 47,110 306,694 229,159 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 10
SHREWSBURY HOUSE CIO STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 REGISTERED NUMBER: CE028620 2025 2024 Notes CURRENT ASSETS Debtors Cash in hand 19,097 315,617 17,746 246,226 334,714 263,972 CREDITORS Amounts falling due within one year 12 (28,020) (34,813) NET CURRENT ASSETS 306,694 229,159 TOTAL ASSETS LESS CURRENT LIABILITIES 306,694 229,159 NET ASSETS 306,694 229,159 FUNDS Unrestricted funds Reslricled funds 14 259,584 47,110 188,521 40,638 TOTAL FUNDS 306,694 229,159 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financlal statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge thelr responsiblllties for (al ensuring that the charitable company keeps accounting records that comply with Seclions 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficil for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements, so far as applioable to the charitable company. (b) These financial statements have been prepared in accordance wilh the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on .20.26. and were signed on its behalfby.. Mr R Davies- Trustee The notes form part ofthese financial statements Page11
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'AGcounting 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 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 disclosure exemptions The charitable company has taken advantage of the following disGlosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows; the requirement of paragraph 3.17ld)' the requirements of paragraphs 11.42, 11.44, 11.45. 11.47, 11.481al(iiil, 11.48la)(iv), 11.48(b) and 11.481c)- the requirements of paragraphs 12.26, 12.27, 12.29{a), 12.29{b) and 12.29A' the requirement of paragraph 33.7. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities ar8 recognised as expenditure as soon as there is a legal or construclive obligation committing the charity to that expenditure, it is probable that a transfer of economic beneflts will be required in settlement and the amount of the obli9alion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headlngs that aggregate all cost related to the category. Where costs cannot be direclly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation lax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectlves at the discretion of the trustees. Restricted funds can only be used for particular reslriGled purposes within the objacls of the 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 statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension sGheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued..
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Debtors Trade and other debtors are recognised atthe settlement amount after any trade discountoffered. Prepayments are valued atthe amount prepaid net ofany trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity ofthree months or less from the date of acquisition or opening ofthe deposit or similar account. Financial instruments The charity only has financial assets and finanGial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value. DONATIONS AND LEGACIES 2025 2024 Big Give donations Donations Grants received Legacies Gift aid reclaimed Other Institutional Donations Shrewsbury School Donation 98,552 64,874 98,436 51,800 16,355 34,667 15,000 87,760 69,539 75,541 30,975 14,510 15,349 15,000 379,684 308,674 OTHER TRADING ACTIVITIES 2025 2024 Hire of facilities Missionels House rental Income Hostel income CleanerlPhotocopier recharge Church Hall 11.581 10,214 3,460 1,265 835 8,258 9,360 4,859 1,374 27,355 23,851 Page 13 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Club subscriptions Club trip fees Summerfair Club member fundraising activities Friends dinner subs and other income 12.058 1,382 2,635 563 1,843 12,241 1,374 4,160 6,265 1,275 18,481 25,315 CHARITABLE ACTIVITIES COSTS Direct Costs {see note 6) Support Costs Totals General 334,393 9,627 344,020 DIRECT COSTS OF CHARITABLE ACTivrriES 2025 2024 246,006 4,106 9,767 12,057 2,177 2,874 10,142 40,692 2,138 2,579 1,855 237,508 4,819 15,309 10,690 5,111 5.625 17,685 24,187 1,317 4,698 Staff costs Council tax and water rates Insuran Light and heat Telephone Sundries Repairs and maintenance Club programme Recruitment and staff training Club supporters & community activity costs Other staff costs 334,393 326,949 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 14 continued..
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS 2025 2024 Wages and salaries Other pension costs 240.331 5,675 231,308 6,200 246,006 237,508 The Key management personnel of the charity to whom the Trustees delegate the day-to-day running ofthe organisation is the CEO. The total employee benefit of the key management personnel of the Charity for the year ended 31 March 2025 were £33,729 {2024.' £36,681). The average monthly number ofemployees during the yearwas as follows: 2025 2024 Employees No employees received ernoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestr¢cted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 233,238 75,436 308,674 Charitable activities General 19,053 6,262 25,315 Other trading activities Other income 23,851 2,396 23,851 2,396 Total 278,538 81,698 360,236 EXPENDITURE ON Raising funds 7,772 7,772 Charitable activities General 273,317 62,937 336,254 Total 281,089 62,937 344,026 NET INCOMEI(EXPENDITURE) (2,551) 18,761 16,210 RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjusinient 209,130 <18.0581 21,877 231,007 118,058) As rèstated 191,072 21,877 212,949 Page 15 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued UnrestriGted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 188,521 40,638 229,159 10. TANGIBLE FIXED ASSETS For accounting purposes, the historical cost of the functional property is deemed to be £nil as the trustees are unable to ascertain the original cost of the property. A11 other fixed assets have been depreciated in full. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 11. 2025 2024 Other debtors Prepayments and accrued income 3,633 15,464 2,886 14.860 19,097 17,746 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accruals and deferred income 13,020 21,793 28,020 28.020 34,813 There was £754 deferred income included in the current year end balance. This included rental & utility income received for April 202512024: £nill. This will be released into the financial year ended 31 March 2026. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Current assets Current liabilities 287,604 (28,0201 47,110 334,714 (28,0201 263,972 (34,813) 259,584 47,110 306,694 229,159 Page 16 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Designated funds 31.521 157,000 71,091 {28) 102,584 157,000 188,521 71,091 128) 259,584 Restrlcted funds Joseph Lappin memorial funds Old Salopian Club Table Tennis Association MPAC PlayschemeslHAFIOther LCC Activity grants Beacon Trust Police & Crimelcity Safe Community Impact IT Suite Tutor Detached Summer Programme Eleanor Ralhbone Training Fund Everton Children's Centre October 2023 Peak District Walk Albert Hunt St Peters Welfare Torus Nature garden Vola Charity Night 25 (142) {500) 6,352 42 500 6,352 302 427 11101 {1.938> (125) 110 23,362 2,020 3,511 322 4,685 5,944 21,424 2,020 3,511 2,820 1,197 2,498 13,488) (6,0431 1,083 356 2,617 5,386 {54) 99 1,083 356 2,617 5,386 40,638 6,444 28 47,110 TOTAL FUNDS 229,159 77,535 306,694 Page17 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above 8re as follows.. Incoming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 325,275 (254,184) 71,091 Restricted funds Joseph Lappin memorial funds Anne Duchess of Westminster Old Salopian Club TableTennis Association Summer Fair MPAC PlayschemeslHAFlOther LCC Activity grants John Moores Foundation Grant P H Holt Foundation Beacon Trust Police & Crimelcity Safe Eleanor Rathbone Training Fund Everton Children's Centre October 2023 Peak District Walk 29th May 1961 Charity Trust Albert Hunt Austin & Hope Pilkington Chrimes family Xmas event Haystack Family Trust Hemby Trust OS Leader wages St Peters Welfare Sully Cup Torus Nature garden Vola LCC Winterfuel Charity Night 25 As Agent for St Peters (142) (5,000) (500) (142) 5,000 (500) 6.352 6,352 500 (500) 19,308 10,000 10,000 2,500 19,284 3,000 {18,881) 110,000) (10,000) (2,610) (21,222) (502) 13,488) (4,175) {4,0001 (2,917) (1,000) {1,000} (5,000) (1,500) {1,548J 427 {110) {1,938) 2,498 (3,4881 (6,043) 11,868) 4,000 4,000 1,000 1.000 5,000 1,500 1,548 356 500 3,350 6,870 500 475 775 1,083 356 1500) (733) {1,4841 (500) {529) (775) 2,617 5,386 (54) 104,950 (98,506) 6,444 TOTAL FUNDS 430,225 1352,690) 77,535 Page18 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Prior year adjustment Net movement in funds At 31.3.24 Al 1.4.23 Unrestricted funds General fund Designated funds 52,130 157,000 118,058) (2,551) 31,521 157,000 209,130 (18,058) {2,551 J 188,521 Restricted funds Joseph Lappin memorial funds Know your neighbour day Old Salopian Club Table Tennis Association ESC Lottery- Sport England Beacon Trust LCVS Innovation in Communities Police & Crimelcity Safe Community Impact IT Suite Tutor Detached Summer Programme Eleanor Rathbone Training Fund Everton Children's Centre OGtober 2023 Peak Districtwalk {584) 500 270 2,726 460 2,380 14,773 500 (270) (2,726) {350) (2,380) 8,589 2,020 3,511 322 4,685 5,944 11Q 23,362 2,020 3,511 322 4,685 5.944 21,877 18,761 40,638 TOTAL FUNDS 231,007 {18,058) 16,210 229,159 Page 19 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: InGoming resources Resources expended Movement in funds Unrestricted funds General fund 278,538 (281.089) (2,551) Restricted funds Know your neighbour day Table Tennis Association MPAC PlayschemeslHAFIOther LCC Activity grants ESC Lottery- Sport England Beacon Trust LCVS Innovation in Communities Police & Crime/City Safe CCTV and IT Suite Church Funds for Subs Community Impact IT Suite Tutor Detached Summer Programme Eleanor Rathbone Training Fund Everton Children's Centre Mayor- China Street Park October 2023 Peak District Walk S8insbury Food Healthy Food in the Community Mayor Sendscope Mayor's Neighbourhood Fund Primary Torus (584) (270) (584) (270) 25,482 (25,482) (2,726) 1350) {2,380) (18,962> {3,400) {250) {2,726) (350) 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 soo 2,020 3,511 322 4,685 {489) (3,678) (315) 1633) (318) (500) (500) (500) {1,100) (5001 5,944 81,698 (62,9371 18,761 TOTAL FUNDS 360,236 (344,026) 16,210 Page 20 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Prior Net Transfers year movement between adjustment in funds funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Designated funds 52,130 157,000 (18,0581 68,540 (28) 102,584 157,000 209,130 (18,058) 68,540 (28) 259,584 Restricted funds Joseph Lappin memorial funds Know your neighbourday Old Salopian Club Table Tennis Association MPAC PlayschemeslHAFIOther LCC AGtivity grants ESC Lottery- Sport England BeaGon Trust LCVS Innovation in Communities Police & Crimelcity Safe Community Impact IT Suite Tutor Detached Summer Programme Eleanor Rathbone Training Fund Everton Children's Centre October 2023 Peak District Walk Albert Hunt St Peters Welfare Torus Nature garden Vola Charity Night 25 {142) 1584) 15001 6,082 42 500 270 6,352 427 (1251 302 2,726 460 (2,7261 (460) 2,380 14,773 12,380) 6,651 21,424 2,020 2,020 3,511 3,511 2,820 2,820 1,197 1,197 199) 1,083 356 2,617 5,386 154) 99 1,083 356 2,617 5,386 21,877 25,205 28 47,110 TOTAL FUNDS 231,007 {18,058) 93,745 306,694 Page 21 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued A current year 12 months 2nd 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 603.813 (535,273) 68,540 Restricted funds Joseph Lappin memorial funds Know your neighbour day Anne Duchess of Westminster Old Salopian Club Table Tennis Association Summer Fair MPAC PlayschemeslHAFlOther LCC Activity grants John Moores Foundation Grant P H Holt Foundation 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 Rathbone 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 291h May 1961 Charity Trust Albert Hunt Austin & Hope Pilkington Chrimes family Xmas event Haystack Family Trust Hemby Trust OS Leader wages St Peters Welfare Sully Cup Torus Nature garden Vola LCC Winter fuel Charity Night 25 (142) (584) {5.000) {500) 1270) (500) {142) {584) 5,000 (500) 6,082 6,352 500 44,790 10,000 10,000 {44,3631 {10,000) 110,000) (2,726) (2,960) {2,380) (40,184) 13,400) {250) 427 (2,726) {460) (2,380) 6,651 2,500 46,835 3,400 250 2,020 4,000 7,000 5,000 633 4,394 500 500 500 1,100 500 4,000 4,000 1,000 1,000 5,000 1,500 1,548 356 500 3,350 6,870 500 475 775 2,020 3,511 2,820 1,197 1489) (4,180) (3,803) 1633) (4,493) 1500) 1500) (500) (1,100) (500) (4,000) (2,917) (1,000) (1,000) (5,000) (1,500) (1,548) (99) 1,083 356 (500) 17331 <1,484) 15001 15291 (775) 2,617 5,386 <54) As Agent for St Peters 186,648 {161,443) 25,205 Page 22 continued...
SHRPIVSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS - continued TOTAL FUNDS 790,461 (696,716) 93,745 Details ofthe various funds held by the charity are a5 follows.. Unrestricted funds General Fund- Any monies not included in any other fund Designated Fund The Board of Trustees have nominally set 8side monies to cover running costs for 6 months, including any winding up or redundancy costs, to ensure that there are adequate funds in the event that the charity is unable to continue to operate due to insufficient income from charitable donations and grants. Restricted funds Joseph Lappin Memorial Fund - Grants and donations rec8ived to maintain the Music suite and to repalr existing equipment and purchase new equipment, as deemed necessary. This includes a grant from the Rushworth Trust to purchase new equipment for the Joseph Lappin music suile. Environmental projects- Grants received to deliver community projects and maintain the green spaces in and around the centre. Know You Neighbour Day- LCVS 8ig GetTogether granl for community event in memory of MP Jo Cox. Old Salopian Club - gap year pupil living costs Stanfield JFC- ongoing project Garfield Weston- funds received to support wage costs Merseyslde Play Action Council {MPAC) Integrated Play Partnership Out of school holiday club for children to gel a hot meal that replaces free school dinners Activity Grants- Out of school hollday play scheme grants provided by the Integrated Play Partnership. Your Edge LCC Granl Aid - funds received to support wage costs John Moores Foundation Grant- funds received to support wage costs Hans & Julia Rausing Trust- funds received to support wage and core costs P H Holt Resilience Fund - funds received to support wage costs ESC Lottery - Sport England - post COVID-19 retum to play granl 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 Mayor3 Fund Cau8eway To be usod toward? fundlng reciprocal rèsidential exchange visit8 Wlth an Irish Youth Club. Beacon Trust- Funds donated to provide discretionary emergency cost of living supportto local families. Page 23 continued...
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued Police & Crimelcity Safe - Funding to provide diversionary activity, including Karate and Outward Bound Gourses, as part of operation Stonehaven and the council's agenda to keep the city safe. CCTV & IT Suite A grant from a business donor to fund the installation of CCTV equipment and associated IT improvements. Church Funds for Subs - Collection from church members to subsidise Glub members who, through family hardship, struggle to pay club membership fees. Community Impact IT Suite Tutor- Grant from Liverpool Charity & Voluntary Services Community Impact Fund to finance the staff cosls of an IT tutor utilising the clubs IT resource. Detached Summer Programme Grant from Local Neighbourhood Fund to finance the staff costs of Shewsy Staff to provide detaGhed outreaGh 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 Rathbone Training Fund - Grant from Eleanor Rathbone Charitable Trust to provide essential training for new and existing staff at 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 heallhy food to club members. Mayor - China Street Park - Donation from Mayoral Neighbourhood Fund for a community event to help reshape the use of China Street Kids Activity park. Mayor- Sendscope- Donation from Mayoral Neighbourhood Fund for onward transmission to Sendscope Charity. Mayor's Neighbourhood Fund Primary- Donation from Mayoral Neighbourhood Fund to fund a Residential Trip for Shewsy 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 to raise funding for a Residential trip in summer holidays 2024. Sainsbury's Food- Donation from Sainsbury's Helping Everyone Eat Better Community Grant Fund. Torus- Torus Community Impact Funding towards provision of School Summer Holiday Youth Services. As Agent for St Peters Monies received from organisation that we pay forward to the church, CoGiane anonymouse & Narcotics anonymous. 29th May 1961 Charity Trust- Funding received towards Core Costs. Albert Hunt- Funding towards a project to support senior children cooking. Austin & Hope Pilkington- Funding towards Seniorcooking, Food Hygeine & Food costs. Chrimes family Xmas event - Donation made for children's Panto event 2024. Page 24 continued..
SHREWSBURY HOUSE CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS - continued Haystack Family Trust- One off donation towards CEO Salary firstyear. Hemby Trust- Funding received towards Kitchen Equipment. John Moores Foundation- Funding received towards Nic salary cost. OS Leaderwages- Supportfor Josef Rooney Salary from Old Salopian. PH Holt- Funding received towards Nic salary cost. St Peters Welfare - Restricted fund for staff in crisis. Sully Cup- Donation towards Senior club Mental health project & residential (Scotty to Snowden). Summer Fair 24 - Income & Expenditure 2024 event. Torus Nature garden- Funding received forthe Garden project. Vola - IT Support Ongoing. LCC Winter fuel - Government One-off payment towards Gas costs. Anne Duchess of westminster- Funding received towards Nic salary cost. Charity Night 25 - Senior children's funds towards residential. EMPLOYEE BENEFIT OBLIGATIONS 15. 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 represents contributions payable by the charity to the fund and amounted to £5,675 {2024'. £6,200). Contributions totalling £nil (2024- £nil) were payable to the fund at the balance sheet date. 16. RELATED PARTY DISCLOSURES During the year Trustees and their close family members made donations to the charity totalling £3,750 (2024.. £9,g151 There were no other related party transactions during the year. Page 25