SHINE.. Support and Holp IN EducJtlon SHINE 8HINE: support and H￿P IN Edu¢•tlon R•port and Flnanclal 81at•m•nts 31 Augu•t 2022 SHINE: Support and H•lp IN EduGation REPORT AND FINANCIAL STATEMENTS 2022 CONTENTS Page Chortty Inf￿lIOn Tnth, r4x>rt hwrpora¢lng th• 8trJt•4I¢ rnport auditoe• 10-12 st•tom•nt of financr*l adMII Ilncoyporatlng sumrnary incorne and •xw¥dltur• aeeount) 8al•ncg sh8•t 13 14 15 10-25 SHINE." Support and Help IN Educatlon CHARifY INFORIAATION TRUSTEES Raksha Pthl Loma Ftssim¢x Kavit& Gupts Mark HgffemBn Sarah LolbJ8 Ann Mroz Lord J O'N•ll Camgron Ogden ProfSamantl* TwI8e1W￿ 08E c￿1r EIJIER￿U3 TRU8TEE8 D8￿d ￿¢x#S Ga%An Boykry PATRONS Davld B8ckh8m OBE r Howard Bem&t¢kn rah Bruwn Prof G8vln Brrthn Gavyn Davl88, 08E Prof Chr18 Day SlrAJo¥ Fwguwn, CBE Profchris H￿band8 r Ajan LaThJLqTrJ8 Prof SLMBn L08 Anne Longnokj Gary Navll T￿ Lord O'Donn811. GCB Slr P8tar O Goorw 08bom8 Prol 08mo A180rs Rlchwd. D8E DL Nlck Robin4e¢) Fknf Damg Narw Rothwg11 JU￿ S￿r￿lYa Nkda Shlnd18r Or SuBhll Wadl￿rf C8E CHIEF EXECUTIVE AND COMPANY SECRETARY Fk)na Swlman OFFICE AODRE88 SHINE 2 Prfru8 Exthortge Prfnce8 Square L88d8 LSI 4HY eANKER8 Bord8￿ BAnk PIC Epsorn BraK 82-84 Hlgh S¢rae¢ EpBom KT19 8BH 8OLKtroR8 BAlg& WoIL* 10 Quoon 8troet Plac• London EC4R 1BE AUDITOR8 C¢K)ml The Pentagon 3385 Century W8y Lo6ds LS15 BZB SHINE: Support and Help IN Educatlon TRUSTEES, REPORT{INCLUD￿0 THE STrATEGIC REPORT) F•rtho yo¥ •nd•J 31 August 2022 OWECTIVES AND ACTNMES SHINE w85 ftrst 8818b￿shed in 1999 ty a oroup ofwmrnllkny Kthllathropjsts vmted to Imkyove Ihe attalnmwt ofcNk*r8n frorn Irr•An¢omg hom85. Slrth Ih8n, we hav8 InVe8t￿ over £34 ml111￿ In prtieGts b8n8fftkng over 1.4 mllbn chlldr8n from over 20.¢KK) $elK>oKB. 242,000 of th888 chlthn hBV8 boon re8cl￿d by SHINE-fiJnd6d programme8 8thooL8', and In addition, morn Ih8n 1.2 milllon dK%a(fv8Thtsged chlldm hB¥e frorn &rth88 kj SHINE-fvnd•J progrommas cdlln•. Our cwrentwogr8mmo8 •rn a8 follm: LelT•achors SHINE +¥8nlnnovatbn tKogrammB forTa**ernwNch Idonufy aTrJ suppr*t h￿h Fotsntial Id•u davwwd by Te8ch8rs In Iho da5WC4Jm to b8ttor m••t tha wd6 crf dltsjv8n1ag￿ $lL¥Jenl8. Rewjyfor School Is a targe￿ fund IoT8cho)18 W1￿Want lo t8sI ￿t Idots to hdplmwov• the Illero¢y and communI￿ts.0n skills olchlldron on lo Mmory schcvl. Brfd*ng Iha G4) r￿u59￿ on lowor thttalnlngi d￿vanI￿de*j ¢hlldran thrwgh th• rnovo from mary to B￿ary 8th001. FIWtYJ Hlgh alm6 loeupporthlgheratt81nlng 8tudents frc4n low.Inccffio hom•Btornalnls(n 8tr oBr8BB 88 Ihay mov8 frThn prfmory to sowndary 8chod. Throwh •ll theBa pro9ramm88. SHINE to Idanlfy hlgh p)t•nl81 Ideal byT8acW8. aNJ th•n backn Ihom wlth fundlng 4nd 8uppr*¢ lo t08t tyjt whelhar Iholr c8n work. Th• 8ppr08th th 8trwJoo1 8￿der￿• ol prom189 8r¥ th•n 8WOrted to t1￿810P and. whgre po3slbl8. $coltrup to read) many ￿r• thldren. Prevlouo SHINE-b8cknd laogs kndud8 Tlrrts8 T8bl88 RoGX8t4rn and H¢gwtyM•th•whlch hov• t*Lxmo Im of the nx)st wkldy uB8d ￿UcatIOn progrorMI•8 In the UK. In 8d￿￿¢fi to theB8 pYowamn¥ SHINE ￿ ￿MMI￿1 to In path8r8hlp othBrs In w9•0 01 gMal8St rwl. Togsther wllh OLK partll8rs al the Stev• Morgan Foukxlalon 8nd th8 UBS Oplmuo Foundakn, wo arB ctr*Jn¢kng an s￿90 pr(¥r8nYn8 018UPPf*t to ch+ldren and fomllkn In North 8lrt•nhogd, to 6upwlcNldren rwtlrum Cradl• kj C•rnor. In ravkn*lng Ourchan￿9 thi8C￿ve$ and plannlng ourAclvlU•s, thB bu8188& ofsHINE h8ve tsken Into (thjnt tho Chgrtty CommI8￿0Th'S wner8I guld8rK• pui4lc 8nd its Sup￿eMentsry ouldanc• en Iha adv8wm8nt of aducauon for pthfc b•n•rn. A¢HIEVEMeNTS AND PERFORIAANCE Som8 oftha hlghltghts fr¢m the 2021-22 aradgmk year hdud8'. SHINE o)ntlTru8d to ¥UFPOrt our ar￿ schw18 thr￿gI￿1 the disru￿0￿ by COVID-19 pantsemlc, hdplng thern to &J8Pt Ih#ir th to help chlldren and 18mll*s durfng th18 of 8lgnlficant noorl. SHINE hokj tt8 Inewural Ce1at*0tk￿ event In Wl 2022 to thank SHINE Teach￿ fr* I￿r Incr8dlbl• VK¢k In 8uPkv￿nQ ¥ulnornW8 sbJd8nts Mry day, and to conthya tham io donor8 8nd 8UFP)rt8rnwho mako SHINE8 work Wo gBve now grard8 b)talllng m(Th Ihan £6(X)k to UUFPJrt 28 kYornl$lry Inrthfthltrjns led ty Te¥*•rn. ￿rkIng 8cros8 th8 ￿rkn1 contsxts of Iho North. Thls. h(y￿P¥er, Y& our a¥er8g• awordlng rat•ond refiects th8 k88U88f8r*J by durlno the￿￿d par¥Jemic pr8wnting thern frrxn Bdd￿0Th￿ Inthabv85. W8 b8lththk8 will InLYa880 ogBln In Iha fXKDiry years. Th8 SHINE websrtfj ha8 b88n Whyated to Imwovo ea80 of n8¥Wbn End Ihè aLKe55lL41ty ot ujntenl. Thls hgs alr88ty res￿ In a 28% WNI In trafflc funp#rBd 4 week-L￿-￿ak ccrfnparisan I￿1h last yosr. SHINE rBc8Ned an Imlep8rk1ent Ev8hJ8Ion fromtr* Centretr Effoctiv8 Phmanthrywwhlch r818 SHINE In the top quaitilB of tuTrJ8rs for SHINE: Support and Help IN Eduutlon TRUSTEES. REPORT (INCLUDING THE STRATEGIC REPORn Fortho r onded 31 Au Ust 2022 Ow overall quality of relationship grontO88. o SHINES und8rstsndlng ofthe ne￿3 0fdlsth￿lS￿J chlldren. The quallty of SHINE'S fK)ll-rrvThtary 8uprxxt Approa¢h8bllty, responsiv8no55 o￿nn￿8 to IdaaB. o oftrmnmunlcatkns at*>Jt w8ls and strategy. r report agalr￿t Ihe owoctives we 8et lasty08r18 b￿￿. ObJ•etlv• 1: D•v•lop • •lr*gy lor S￿￿E.* Imp•Et In wlth tho wo•t••t n••d, und•Tthndlng th• roh 8HINE but pl•y Inworklng wthh pulnow¥ In th• mo•t dludvantagod gaogr4>hi•8 of the North. SHINE h88 r8fin*1 Ils gacqraphlcal ¥pproath th1$ ￿r to Indud8 greatsr ¢larlty on th& d￿MstanCeS Inwhlch SHINE wlll w(*k mor8 8tratsgic811yln specificu￿raPh1ss oflhe Noth. These ar•.. wh8r8ther8 5 sPJnmr4Dt ￿fjd ond d8m8nd,' there 15 strono thdor8h41 locally,. where Ihoro 18 a $igniftc8nl cpwrtunity lo Igveruuo major *ldltth&l phllanthropy.. and SHINE can add value a8 Juf*llond 8p8cL91i8L We W8 alBO conttnvlrw) b) Strewthen our nebvork 4¢ro88 th• 0￿C8￿0n c4Jnmlm￿ of t￿ North, mBxknldng OFPJrtunllosforBII SHINE-furn1•Jworkto canwaodk) partofawidgr Infra6tyuLaur• kMIIy. SHINE'& grant-m8klng the North so l•r h¥8 fe8c￿ 400.(W]O ¢hlldr•n, 8xceod8 I￿r c￿91n91 bition of r8achlng at1888t 320.￿0 Childr￿ by Ihl6 8lag8, and puto SHINE on track to reoth Its kwl of •upporVng 8t leB815LKS,000 chlldr8n by 2025. Obl•cthg 2: Owolop ow appm¢h to •valuallon. to und•r•tabMI our lrnp•Gt at m bro*d•r and coll•ctfv• l•v•l. •• w•ll u on • proJ•¢lllby-proJ•ct IM•l¥. SHINE h88 8IMgthened ll8 aprxo&ch to avslualon Ihl• yoar. Aftor S SUC￿8￿1 yeurs bulkllng a boty of th In the Noth of England, th18 year we h•ve wc*k8d to undar8tand our prffjrBmm88 morede8pty,8nd IdentWth8m85 and connaclion58cro550urpr￿&tsts. TN8 h88 8upfvJ u8 to d•voky o mora 8tructured krVjW￿dpa of tho Mnloxts. aThJ pha606 Ihat our prolocts 8ddM8 Wo havo al•D lo O¢velop ￿ wh8nc•J appro￿ to 8wpr*Ung wante85 to •v4lu8to Iholr . W8 SIFPOrt OUT granteeo to ¢ro01è a Theory of Ch#w• for thelr prlect, from ￿1¢h they c8n bulkj 8 daap underslandlng ofthe Irnpad Ihoy ar8 howng lo athiovo. W• now 8180 WO￿ In parlner¥hlp wl¢h pr£l￿t la*J81o Idonttfy koyrD￿d3IloneI0rprO16ct5 lo be wcco86ful an# achkgve Impacl, and o11or ce, tralnlrvJ and where apprffjrloto OXt8m81 support on data ￿l￿e￿On. 8nalW8, aTrJ r8w¥NJ. Thrw W￿n9 rrwe daBptywd In pathrnhlp wth our gr8nte88 tound•r4tsnd tryrammw we n Tr￿ fomard In underBlwdlng SHINES Impact on thg cho118rvJ88 wo hopè to ath88, iha broBder•Ju¢atton18nd&cape In the North ol EnglaTrJ. ObJ•¢tlv• 3: Crn•t• •n '•lumnl n•lwork' for L•t T••ch•r• 8HIN4 bulldlng on our 1•1￿0n•hlp• wl¢h ¢umnt •nd pr•vbw• wlnn•rn lo •wag• and •uppty* now qrant•••. Th15 year, we C￿lUG1¢d ¥ ¢on8ultstion wHh currenl and pall 108ds lo und8rs¢aTrJ what key bgngffts ourgruntegswoukl hope to gall) from b81ng p8rtof a bro8d8r SHINE r￿l￿t￿k. W8 establk8h•J an onllnB aluThl netsE>Tk tr pag1 ond pre8ent gr8nl888. IhBrn to ￿nn0¢1 acros6 rooions. ¥xperien¢es and conl8xb, to d8V81op ￿K￿U81[y SLwotho rdatK)n8h4x ark1 888k swific inwl 8NJ perspectives wlwe ft8eded. oppothnity lo rrm and 8(X￿6 8 greater breadlh of supprxl end wwlenca hugdy welcomed by current graniees, an¢J by pmiuJ8 gr8ntee8 were oxcitfjd to $horo th8lr knol￿8dge. We wlll t•Jlld on our e8rfy in 0)nt￿*￿9 the SHINE netsvork, b) onsure that our grantees aT8 SUPWJrted and cart ac￿￿5 8 thep•nlng ly)tyof Ins￿ht and Inform8Uon 88 in lh• )th of ErvJland orows. SHINE: Support and Help IN Educatlon TRUSTEES. REPORT (INCLUD￿￿ THE STRATEOIC REPORTJ For the year￿ded 31 Augu8t 2022 oh￿ctIv0￿. Bulld on oxSAIIAA lownlng •bout taklng ¥ucc•MfvI projocts lo •ral•. dw•loplng e4g•ror and moro 8lructur•J palhvay¥ for knp•Etful Int¢r￿￿tIo￿ and to h moMTr thlldr•n achool# acrou th• North. Durlrvu Iha ￿￿d-19 pw>aeml& our knu8 W88 Oft stan(4rvJ S￿￿10r-I￿S￿tyuld0r wmh our gran1888, to SUFPJrtthom tOSury￿and ad8pttothechall￿g850f1ha￿￿gITrJIa￿dscap￿. Thls yoorha5 prawnted moro opwxtuTrltba& to gTh Ihe reach of wr fundèj work, End surp)rt grarrt88$ to 888k p8tl)way8 io We hav8 awrov+J grantsto 8av•ral t88th8rB8nd BC1￿1$ tolak8 tharnoxlBt8F6 10 sCa￿Up lh@￿ thLB ye8r. Thi8 In￿ld8￿ addlUon&l fiTrandal supwt to C4Jllfy and aveluote pYogr8mmw so Ihey b8 8ff8clvely shared w5th 8ntt &lOpl￿ ty 8 ￿der group ol sthools, $upport wlth u8er consultstton and mthtirrfJ to In¢r•aae adoF41on of Impthl Inletyonb"on8 by largw nurnW8 01 thlldren dlr8cI funding for Iwlrat10Tr81 kn8th8rs tr) *llow Ihem to dBdlc8ta rfh)m of Ih81r lo uTrJerst*ding and growirvJ Ihdr wtervenlan$. W• havg a￿0 d8v8Wd work to undorBtBnd d88wr rrMrto6 to 8C8kg. Th19 Int4ud8s fdentWg th& cthJltth8 and ¢h8r8ctsrtstiG¥thal8lbw Impactful Int8rvontions lo hovg arnorowkJespre8d I(￿1 Imp8Ct. expltylng wh8t effo¢tiv8 pr8dce-sh8rfng looks Ilk8, [￿UdIng wound $mb8ddlw 8UStainat4e t￿her tralnlng, mean1r￿fUl paT8ntal ang89￿1nt. We ￿11 CW Ihl6 19omiryJ to dlrrftty •uppJrt moro ol our p@ed8 10 In th& cornlng year8. ObJ•Etlv• 6: O•v•lop n•wfvndln9 P•rtn•w¥hlp• to c•l*¥• Impaet ty•y•nd ourdlY•¢t m•m•. SHINE h#• oJnUnu•d to de8p•n 8tr¥nglhon Ils namvk of fijndlryd porth8r8 Dver th8 past yw. In 2019 SHINE 8•t1ts8lf 8 bold tarGet to e41aly88 8t1888t £25 mIl￿n Into 8ducBllon prOgr8Mr￿ In th8 North by 2025. We Sre cutr8ntty on to achlovo th18 goal. th6 81gn5fi¢￿t ch8118w ol thg COVID-19 ￿Tr1eM￿. 014•¢Uw 0: 8••k n•w •klll• •nd •xp•rf•nG• to •dd to th• Bov4 wtkulwty I0￿11n4 *)n l>ultdln4 nknrk• In th• Ntyth of Engl•n SHINE conducw ¥ rovbw of Ihe 8xl$ling skllh 8nd eXp•rfen￿ on th• 8oBrd 8nd Tru8ts08 ha daddwj to 88ek at lea61 ono add1￿￿91 TN8t88 ￿th current or recent 8xp￿er￿e In 8 8truteglc lead8r8hlp rolo In 8 Norfh•m 8chfA)l or Mulli-ArAéomy Tru81. SHINE h86 8dvJrtlEed rolo 8Xtemally and wlll b&meetlng proap8cts"v8 ¢aThJldales in Novernbor8nd Dec8mbar2022 I￿1h Ih081rn of aFvoIn￿rYa at least ono addillonal Tru&to¢ iojoln tho Board in Bprfng 2023. FINANCi4L REVIEW wult8 forlhe y88r or• g•1 out on pa￿ 13 of th8 flngnclal statvrnents. The n81 outydng reRwrcw forlhe yw after n6t Inv861m￿t gBkn8 8r8 É288,45512021.' In￿rnIng r8Boufc85 £201.1271. Not thv881rrnntgdn8 Ihls yow n8galfv81£249,9231, owlryd to ¢hBNwMJlng markat L¥Mdttknn8. SHINE m8Sntaln8 a b814nL¥d 8pproach to118 Inve$lmenl Port￿0 and Tru8t806 are 88l8fi&1 Ihat SHINE'S irTrv88tm8nts ojnllnue to perf￿ w911 r￿8￿¥6 lo Ihe mgrk81 on lorwer-tsnn trends. T Flnarwh and Inv8Str￿¢ Clu&tgr haB m81nt8iwl dosa 8cnJlny of Iha wrfDrnar￿a of SHINE8 In￿lM￿nIS ov•r Ihg F48t 12 month8 oThY wlw to ￿K￿lI0rde¥01oEThents do&•ty ov8rlh& comlng year. Th0tnth￿ Wefvl to the larg8 numt*roflTrJlvklu*, ccfflpanles. Iruth and foundauons w h8ve 98nolvu￿Y SUPP￿￿ SHINE In th& laBt y88T. Ovr sp8dal Ih8nks to lh8 frkning pvtrgrs aTrJ 8urp)rt8rs th 202142.. Tho Bedr￿d Famlty Fwndatron, D*Yn C8Prtal. Freftch Huguenct Churth of Lon(k)n Ch8rit8blaTru8t, the Grace Tru¥l, Jthn Armitago Charitable TrvsL The Johft Horsoman Trust, the Ofvi Trust. Inv881mwls and Gray Phllanlhrcw and Toxhw6 Gr￿P E￿I￿l￿rnI Trus( In addthn, SHINE Ya grat8ful to th8 Stove Morgan Fr￿￿tion fcf cMlnulrvJ to co.fuThJ 8 major P8tht5hipwllh vs in Noth &'yk8nhaod th￿ year. SHINE: Supportand Halp IN Educatlon TRUSTEES. REPORT IIMCLUDING THE STRATEOIC REP<)RT) Forth• Y￿￿ded 31 August 2022 Th8 Intstees have a d8k mÈngw8nt 8tr*tsgywhichcomprfs8s'. an onrwal rev￿ oflh8 rhks and untsrtainti8s thal th8 tharity laces. Ihe 6slatAlshm8nl of ¥yst8m5 and prr￿dur￿5 to mib.gats thcw ii5k8. 2nd th8 Im￿ement900n of pro￿￿ra& d8$10n￿j to rninimIs8 or marwg8 8ny 18nI81 impact on the d)arlly should Iho&8 risks malerfallse. A 8ummory of Iho rnaln rt8k8 8nd their rnilg8trM aro outlin*1 bolow. prc48don br8ac* Pollcy 8or88d by Board Registgred wlh Infom)8tion Comm18&onors Offic8 Retainer 8pAc￿lIst ojnsultant to uphold ccffityl8nco 80wrlty rnakntaln8d thrwgh conir8Ctor Staff awarg of dats breach rtBk8 BlmMthty%l*ta protactkn roviow Lac& of l￿u￿11ty lo cover need8 Invb&lrn8nt pollcy amrl by th8 Bo8rd sUffiC￿ntI8ve1S of 11qu￿lty malntAln$d wiihln th8 ovqrnII Invgfybnenl ￿rtIO￿O Commrtto8 m8ot8 8nd r8vl¢w• cosmow roguLqrfy Int8mal Fr8ud Ilhgft or rnh8ppropriatbn of fund81 Expgnditure I ch8qu• $ignBW authorknatth Ilmlts 80t by tho ténk8nd oweod ty tho Bo8fd Annupl budget apwovad by lh8 808rd. and pwlom)*r￿ m•aBuf8d VB. tho budoot at r8gu18r Interwd8 Wrltt8n 518tern8nt of po1lcy￿d pr8dco on Inlxme rec8lpt Idon8Ion818nd PBym8nl OC8duro8 Ilnvolc•8. exp8n$o6, potty c48hl 8x1515. And th8fj0 F¥ttedur8• are clarffiod durlng Stafl Indudon comrxeh0n￿vO flnand&l f•c•rf8 rndntskned Un•atlBf• fundmwng ratun Mainthkn hlgh stsndBrth, qualty ond qo&a rnputalon throLtyJh c4nta¢twllh donors. A¢Ow thvofvarr*ntolth• Board Profile bro8d8n Ihg donor baoe aear und&r8tsndlrYJ and Commm￿a￿0n ofour purwge Impact as a c*8rlty Oevakwnont and IM￿8￿￿nI0￿0n of a fundral&SrvJ R8wl8r ¥8porllng lo th• Board aWn8t taff*l8 EXcI￿1n9 rngtrlet•d fund&, whlch are uwl to psy tr 8ntldp8t8d ov8rhe8ds, tho tnJst885 over￿e Inw$tr￿th of £5,777,697 I2￿1.. £6,197,864), Ihe rnalority of which Mm[￿86 Ihe oxpgndabla on(Sy*4montfunth. Tha trust￿ rgy8rd th818v81 of Ihe 0ndowm￿l as wffklenl.. to up ftygny 8hortf811 In budgelad Incom? In a parfcular year, 8nd to cov¢r4ny ¥nbudg818d oxpoTrJluro whlch m8y n8C85S8ry. ThbB pol*, whlch18 d88lgWto 8n8ure I￿￿ 8HINE fAll rneet Ih88e ￿entUall￿&S In anyfflnanclBI year. 18 r&vl8w8d by Ih8 Iru¥lees on a rogukr b8818. Additionglly, SHINES annual attmlnlstratfve, man#g8rn8nt 8nd staff costs will contlnua to be rnet in fijll by donatims from eertaln tru$lg8s and from unrestrtcted TeBerv8s hdd in the8x￿nd8￿￿￿nd0￿rnent. Thi$ al￿￿9 evwyp¢nny of8V8ry non-trust•• donotk)n to r88¢h the prol6Cts m fuTrJ. In 2021. TftJste88 8Fvoved donakn8 of £635,CO) I￿1h1n r85¢r5c￿ fund¥ &￿￿d$ those 8XPen8gs ovfr hvo ye8r& Notfvnds r&luL*d by£288,4551hl8 y88r. andiw at£e,371.38S rxynpgred whh £6,659,840at31 Augusl 2021. year Mark￿ a rnore ch8llenging p8rfc#J for SHINE'5 inv8stm8nt porfO￿anCe, c*hlno lo th8118ThJln9 fTwrk8t condI￿On$. and ongolng C9￿¢￿ty chBll8ng8s in sthoc48 meant Ihat SHINE Invested 1888 In grants than Is typi¢al each year. SHINE'S Mcoma18 d8rbved from 0 5rnqlJ nurnb8r of high value mldl-year partn8rsW, many ofwhich vwe&lreaty in a(ANe fundlng 8rrang8NWts in last SHINE: Support and Help IN Educatlon TRUSTEES. REPORT IINCLUDING THE STRATEGIC REPORn For the ear ended 31 Augu8t 2022 12-month perfod. W8 hw lo aNJ extond g)rM ofSHINE'8 Icwtsndkng pwth9r8hl￿ 0￿ tho cA)r￿ng Year￿ wo11 as Inc¥8a80 ourl8v81 of grant-making in lin8 wlh hrdtoric ncffi￿. All ￿1¢ Inv8Bt8d In 8￿Yd￿nc$ wllh SHINE'6 ArUd$8 of A660dalkJn. Thg Flnaw C1￿8t$r monitorn th8 ondowmant dwld8 our commltrn8n18 to fijndlw proj￿ts. Th8 trus1￿ &*nowledoo Ihat Irw88trnaTrt markat nTh)vements eertjld IM￿￿t￿O •ndowment aNJ that this is not within our contrd. The ¢unmNteo has ov8r8een the 8UCC888fiJl manBg8m8n¢ of Ih8$8 fvnds Ihrough ow v8rt(W8 lu￿# manag8rs. The Tw6t968 U8• as*t alkc4tbn and dlv8rslfication to achl8v8 a b8lanc8 ca￿t prosomuon and c8pltal apwedakn. Tha a&lm8W tot81 retum on the Inveslmwt portrollo, nel of foos, lor Ihg ffngncial p8rtxl WAS 41.65%. whlch15 bdow thjr IBrg81 of 3%. Trutstses wftlmued to SHINE'8 1nv8stm8ntp8rf0m￿r* rftfxg cK*ytrmarkelvo*WIty In2021-22, t08ll8ur8thBtany r￿Ssary￿an￿o¥￿JU1d ￿eXpe￿h￿d qulck raquiT8d. In Jun8 2022. TnJ8ie06 do¢K1¢d to clos8 SHINE'8 I￿9$t8nding In¥esIm￿l with 81a¢knJ¢k In tsvour ol 8 fix•d Inlgr891 busln8Y8 armJnt wfth Ald8rmDrg. On a rdllng orw bg61s. il 18 th8 Inlan￿on of Ihe TruBtO88 to hc*J 811 monleo cO￿l￿ed to woJ•¢ts, nat of r81818d ctrfun¢lng ¢(xmmllment8. for th8 8ubBaqU8nl 12 monih8 In'88fe', IntW8BI boarfng bank depcdts. short dal*l gllt-edoed or corpor8t8 Secun￿O8, or In fiJnd8 who Invo8t kn such 8tratwJl8¥, tthlh a maturfty wolllo r¢a$on•bty match&l lo th• IYolxnom¢nt 8thdub. taw Owt olthdc for SHINE'8 InvMtm$nt& Its ￿ folkn%￿.. Caoh 8md Wv4t•nts Currenl Irmne I h8dg8 fundi Ewlty r818tsd &15% 1&45% 4￿75% Fundr•lBlng SHINE 4dopt8 a vatU88-1•1 8pprog¢* lo fitndrB￿1rVj. Wa d) not utlll80 eXtemBI cortractcn for fUndr8￿ng, oxcepl lor Occ￿ertaI prosP*t ro￿rth, w• 4k) not uso dlrect ffl8rkolng toc*niqu whkh coukl ￿f81￿Y tirg8t ¥ulr*rnble p8opl8 cf conlrnv*e tholr dght lo prfvacy. SHINE ￿ r8glster8d wmh th8 fvndre181ng rtyulalor. W• no &)mp4aln18 In Iho la8tflnandd yowabouttsJrluThJr818lng PLAN8 FOR FUYURE PERIOD8 Thotwsloes hove 8•t g4 numt•r of Obl￿0V•• forth•folk7wlrffj year. Publi6hfindirvJ8from lh8 Contrgfor Eff￿8 Phllanthropy r8POrt8nd ¢￿￿k[*ThowsH1NE cfin conJnue to buthj on the 8tMg foundatlcm8 M h25 bjllt th Iha North.. to strengthen g¢)vernar￿A arranB•mwts Ihg Bowd to cwlnug &IINE'$ hwm•y to l￿d￿8￿1p In the North- v4rK• prDgreBS toward8 ofcatdythg al kn8t £25 fflllkn Irkn educalkn wograrnrrns th8 North by 2025. CoTrBklw r•finem8nts to SHINE'8 stratwJy ba*ad on ts 1•8rrlr¢ #nd r4rnp#cOv88 of Ih rwrational Teach8rn In SHINE'S nett¥c￿. DdfvwaSummerTemlCd8brati￿vVqnI1orTO￿tOCOntIr￿08trer4thO[4ng rdatknnshlp8 bewn Iho thrrTht ￿rtS OISHINE'B cIo888t n8tsKrfk. SHINE: Support and Help IN Educallon TRUSTEES. REPORT (INCLUDING THE STIIATEGIC REPORn Fortho y•ar onded 31 August 2022 STRUCTU￿ QOVERNANCE AND ￿NAGEMENT SHINE 15 a r8gi$tergd charity {no.108277n and 8 COm￿Y Ilmltsd by UL*rnllt88 I￿. 405350918nd 1$ gover￿1 by rts Memor8ndum and Arfd88 of Th8 d•￿arat￿ of tru61 was m•J8 on 17 1999 8TrJ tho ch4rltabb oJmpBny was I￿orpOrated on 18 August20tMI. TN8t808aro appJlnled bythe tthrd oftsu818es. Any ￿NIng trLtstee i881igib18 lo nom1natsfi6wtr￿t0a8 for ap￿ntrn9￿t to tha b)8rO. Tho iTrjuc￿0n process for new tru8t888 ccMnprf8e8 8n In￿81 m*lng wllh the ChaSr, fo11ry￿ by 8 fcrfmal wèlccrne and *nducUon meelng wilh iha Chlef Exe¢utfve, at whlth ￿￿nt th8 IdlThving Is pro¥lded.' an tsrforna￿on pa¢k abDUt SHINE.. cop588 of fv onginal Trust and th$ ch8rrtabi• compgny'8 Merwraryjum and Athl88 of A880¢iatk)n,' COF188 of Ih8 motsl T9￿￿t InJst885' report and 8udlW financial Sta￿6nts'. ond wples ofth8 r818vaTrt ClÉrftyCunm1551on and CompBnl8S Hou8e gUIda￿ bookbts Indudlno-'Th8 Ess8ntl81 Twsl86.' Whalyou ne8d b know. Wholyou n86d to do"8nd'Thg DI￿¢10￿ (and S8cr8t•th? Guldo". Tha ty)8rd ol INsi88818 led by Ihg ChBir who18 818Ct8d to 8eN8 for 4 torm of thrao years Inmalty. Tb• bo8rrJ oltsu8t088 88ts th& fr8rn6work for Iho tharrtable comp8ny 8nd Ihe Chlef EX￿￿11¥9 18ad8 Ih8 8laff1&8m In d8y4048y ¢)Porats'cns. The bc4rd alBo p8rfodic•lly revlews the polky from￿rk and koop8 11 up to dato tso thal It ram81ns rdovant to ￿ *Drk of SHINE 8n(1 Ihe ¢onloxl wbthln whlch lh8 ch8rft&Yè compEny IB workkng. Th8 Wrd Blkx4ts8 re8pon85NIIty for dlffer8ni 88pxts ol SHINE'$ tW8ln068 to • numb8r of SU rnmltte￿cl￿ter8 Im8mt*rÈhlp ol cornmitt08818 m*J8 up of Iru&tfje8 wllh 8LWOrt frcffl offlcwBI.' Ihg Inwotslwl and fln8n¢e clustgr, th8 gr￿l-m￿ng dust•r and th• fvndrdslng clust8r. Th880 llroup ropNt to Iha fijll bowd. Th8 full bo8rd mee16 &t least thr88 wch yoor. Th6 Bu￿¢0￿MI￿99$ meot cfi a regular ts￿11 tl¥ouoh¢Jutthe year. At SHINE'8 AGM In Seplombor 2020, the tru8ts86 8pproved a proposal lo mow lo fixed terrn 8ppc4ntrn8nts to lh8 txjard. SHINE'8 IrustW8 8erye for4n flr81 tem of S y•8r8, lern 014 yoarn, aTrJ r8lr8menl8 from th8 w• c￿lIdOr8d al t￿ March bo8rl meoUnG. R8latsdpwlhs Nona of our trusletss r8co5va r8muneralon or other b8r*fit from Ihalr wts* with the Cha￿ty. All tnJ$lo0S 8nd stall mu&t fthipbte a doc18raNon of Int•r8Jt forn UP￿ apFdnlm8nt. Th• Ctrdef Execu￿¥0 hold8 and upd8t88 tho r6gi518r of intW86ts on ￿nU#1 ba￿8. Cmhar thon Irf￿01 Iravd etsst8 r*mbur8•m•rt, Suth rdatod psrty tr8nsactSon$ wore reported. pay of Iha Chlef Ex•trJlfv8 IB revlth¥od annually by the Ch8lr. The pay of slaff ￿ revlew•J anTrually by the Chiel Ex8CUtfv•. Eath y88r Staff wlll nornolty rff*v• 4 ee4tof lfvlThJ p8y Incr•4￿. STATEMENT OF TRUSTEES, REsPON8IBl￿1E8 Th8 tru8te8B (who are 8180 tho dlT8Ctor8 of SHINE.. Suppryl and Help IN Edur4Iry) lor the puFpo8eB of company IBW) 4r$ rospon81bl8 lor prop8thg the Tru8t886' R0kKYt snd th8 fina￿181 DtsterrKnts In SCCC￿8n¢￿ *ith 8Olc8b181ow&nd Unlt•J Klw&)m StaTrJwdÉ IUnll8d Klngdom G￿er&I￿ A¢copt￿ Accountlryd Pr8clcel. Under compeny Lqw Iha tru8t89s mu81 not wrove th• financLg18lat8maThts ofthg tharlt8bl8 oimwry Un￿9$ they ar8 $8ti8fied that thgy 8 tru8 and f8ir v*w of Ihe sta18 01 the 8rr8lrs of the charltsblo i*rnpany end of Ihe Inttjmlffj ¥850w￿8 8Th1 applicBtion of res￿8. indudlrvJ the Income and OXP8ndttur8 of the chartta￿a compary for Ihal F￿10d. In w8paring th088 fin8nc¥al statem￿. tho Iru8t888 8r8 required lo.. •elecl 8Lat8blg BGcoJnUThJ Bpply them rx)nthWy', obs8N8 Ihè MotI￿th and prinut48s 01th8 Charllies SORP; makeludwp8rrts and 8slmtes thal ar8 reasonabkn and pnbJ&Tr¢ Btste *thether8p￿rCab1eaB¢￿ntsng 8tandard8 beon fdlow8d', 8nd SHINE: Support and Holp IN Educatlon TRUSTEES. REPORT (INCLUDING THE STRATEGIC REPORT) Forthe r ondad 31 August 2022 prq)8rg tho financial 3ts18menLq ￿ Ihe golng ¢xficom basis unl88s Irwproprl8ts tr) pmuffle Ihat lh8 thorllet* oJMp8nY￿II c¥Jntlnve in ￿￿￿85￿. TTr￿ trust888 W8 respon￿0￿ for keepirrfJ proper adequate 8cu)thtino rocortls Ihgt are suffidenl to show and 8xWn lh8 ¢ornpanYs tra[￿d￿8 and dlsd080 wtth roHSOnab￿ acbwrscy Bt any ttrna the finanrial poslllon of Ihe Charit8￿8 company 8nd •n8bl8 thom to eD5ure thet the fin8nd81 $181*)18nts C￿nplY ￿th th8 Comwies Act 2(￿. Th8y arè 8180 ￿55X)n51b19 forsafeguarding lh8 a&s8ts ol tho ¢haritabl8 and hence frx takirvJ r8Bwabkn 8teps for Ilw preveTrtlon gnd dgtoclon ol frawj and other lryu18rfVe8. Th8tru&low are re8porY61tA8fortho M￿ntInanC0 and Inlegrftyof rh8￿1[￿Kate &nd fin&ThYo1 information Included on th6 ch8rf1able Ix)rnpany's wabsite. L895818lk)n In the Untlad Kingdom governing the preparation and d188emlnalion of fina[￿&81S￿lern&nts diff*s frTrn1olllb￿t￿n In 0th8rludsdKIKJ￿. REFERENCE AND ADMIN18TRATive DETAILS Thg report and finBnd818tAtsm￿ts Iwvo b•en prop8red in accordance th8 8cciyJntlw 1xyt￿6 S•t out In note I lo Iho 4ccouni8, wmply %41th the ¢harfW8 Povomlng documnts, th8 Chaduog A¢1 20118fid the Stsi8nw¢ol Rocunmwd8d Praclic8'. AcC￿￿n￿r￿a RepOr￿Thj ty Ch8rfI06 IFRS 1021. dotalls of tha trust888 t)ff¢e thro￿hOUt lh8 year aro on pg98 2. In addlllon arn1 a• reW1o$1 wr cffl 16 S8Pternb8r 2021, Sl8ph8n Shldd& from Iho board oltru6te68. In vlaw of thelr IDng 88r¥lca and out8tandlry C*nlrlbu￿efj￿ to charfty Blnca tt8 Inc8pUon. both Davld 8kx)d and Gavln BoO8 w8re apwlnlod 85 Errwdlus Tru8te8J swplng down Ir¢Jn tTr￿ bo8rd In 2020 and r8m8ln In thls rd•. Th8r•18 no fomwl10981 ro$wnslblllty attathed to Ihls rc48, but knlh WUI remain 05gly InNr4ved ￿1h SHINE Into thv fulufe. PROV1810PI OF INFORMATION TO AU0￿OR8 Eath of Ihe persons who18 8 IN#teo Bl Iha daia of approval of Ihll report ￿nflrnla lh￿.. 18r as Iha trust*& 18 awaro, there 18 no rdevant Audlt Inlum8ilon of whlch the tharft8ble COrnP8ny'8 a￿1110(5 aT8 unaware,. and Ihg tru8t88 hs8 taken 811 $t8p$ Ih8t h618ho ¢yJght lo h#ve tsken 88 a tru8t88 to m8ke Ihem8olvo8 a￿re of any r818v8nl 8udll inf0m)￿k)N and lo otst8bll8h that the 8udlIc￿ &T8 8war¥ ol Ihat Inforn8llcffi. glven and sh(wkJ t• Intwpr•tod In •ceordaneo th the FYovldonB ofBKlon 418 ofthe CompanK* Act 2￿6. AuorroR8 Durtng Ihe yeor, follo%￿ng a cCfflpet￿￿• 18ndor proco&8. the p￿tsuI wditor5, Blkk Rolh8nbwg Aud LLP. replac&J byThom68 CrnrnbB. There were no m8ttar8 Ih8t needed ¢0 b8 br￿ght tothe Tru8t888 altenkn al tho reWkJn of kwgvk*J8 A rthsdvlon to r+8p￿sn1 th• audttc¥8 Icf th8 n8Xt flnandal ygjr b• propo8od at tho next Annual Gbner81 M88ttng In S¢ptsmb8r 2023. Th18 Inkns report whlth Irwporntg5 the Stratsglc Repr*lw8$ OPpr￿j BlgnBd OTr behaKof th• board of tru&te88 on 29 March 2023. J&A R8k8h8 Path)I SHINE: Support and Help IN Ed￿￿tIoN REPORT OFTHE INDEPENDENT AUDrroRS TO ThE TRUSTEES OF SHINE: SUPPORT AND HELP IN EDUCATION Oplnknn We hHve audbt*J th8 fSnancLg1 stat¢monts of SHINE.. SupKXrt and Help in Educabon lth8'chBrity'I the y8Br ￿ded 31$1 AUg￿t 2022 which compri88 the Stalement of FinanrAal ActivStle8, Iha BaPanc8 Sheet, th8 Ca8h Flow Statwnent and notos to the fin8ndAI 8t8lement8, Indudlr%J 8 summary of s%JnificBnt 8ccountlng polio¥s. The fin8naal reporbng framework that ha8 been appli8d in Ihalr ep8rab.on 18 applirAtAè law ar%J Unibj Kingdorn I￿￿nting StaTrJ8rd8 IUnll•J Klngdorn G8nBrally Acc8Pted A¢f))unting PraC￿C8). In Lwr ownlon lh8 fln8nda18lat￿onl$'. e a true and tslr ol the sIAt8 of th8 ch￿tys affairs 88 al 318tAJJgu&t2022 and of Its Incomlng rwources and application of resourc88, for Iha y68rth￿ 8nd•J', hav8 bean prop8rfy prepared In ae¢tydanco wth Unft¢d Gener￿ty Aowed Accujntin Pr8dr*. 8nd have yopwed In acojrdance wlth the requlrements oftha Cornpon￿ Ad 2006. Ba•l•lor•plnlo We tonduct8d wr audll In 8coJrd8nc8 wllh In18rn8Ion81 St8nd8rd8 on Aud511ng IUKI IISAS IUKII and aFf41cabl8 law. Our r8spons1bl11￿8 und&r Iho&o 8tAnd&rds oro fiJrth8r d&&crfb*l In fv Audlth. re8pJnslNIIts"88 thy the audll ol tho finanGlal Bt4t8rngnts 84Ctth ol our report. We Indgpgndgnt of tha charfty In acc4Jrdanco vlth Iha elhlc41 r8qulrem8nts that ara rel8v8Tht to our audlt of the fin8nd81 8tatwnents In lh8 UK, Includlng Iha FRtr$ Elhlcal Stan(18rd. aTrJ wo have fv1fl118d other elhlcal r95p￿SIbIlI188 th 8CCOTdance wSlh requlr•monts. We balKgVe th81 the sudll B￿der￿a we hava obtth•d lu uunk48nt ond approprlato lo pmldg 8 baDl• for our oplnbn. ¢on¢lu•k>n• r•latlnq to golng conurn In authlng Iha fln8nrJ818tst8monts, wo hav• Cp3ncludt•Y that th• truJt••o' of tho ojncem b9611 ofacc¢JJntlw In th• w•porBtth ofth8 flnBndal 81akn8nts16 8ppro￿al8. Bo$gd on the work we have p8rformed, we hava not ￿en￿fied any matsdal un¢ort81nUe$ re18b.ng to OV￿18 or ¢MdlUonB IhBt, Indlvldually or cdl8cIIv8ly, may cast slgnlft8nt doubt on th& ch8rfty'$ BNllly to t￿tInue 88 8 golng COn￿M for • p•rfod of at J•••l mnlh• from whm tho t}nan￿1 st#teThnta are authcdsed for186UO. r•8PM￿blI￿sS and the Tg•P)n•HYIW* oflhe trust•O8vIth rwdto gdng CO￿ 8rv¢JwCd￿j In lh6 rel8vant 8Ktth6 olth18 rowt. Oih•r Inlomw¢kni Th&trus1gB8ar8 re8pon8lL4&fortheclh8r lThform8tkn. Th8oth8rlnfomiaUoncomprlsaw fvlnformo¥on Indud8d In the Annual Report, Ihon lh• flnancw 8101gm•nts and our R•port of Iho Irl•p•nd•nt AuditorJ Ihereon. Our Onk*n on Ihe finBnd818lfttsmanls L*x• not owor Iho olhor Inlmtth and, oxc•pt lo the •xt•nt oth0￿88 61atwJ In ujr rogort, not axpms anyfurn ofa8Buranra ih8r80n. In with our sudll of tho flnandal 8tatem8nts. our r88porthlbllity ￿ lo rwl thg other Infomwlon and. In dolng 80, wwlderwholhor Iha olhor Inlormation18 Mat¢r￿lty Incon8￿11￿th the Iln8ncl81 Btatemen18 or tyjr knowl8dg• obtslned In the •udit OT Otherwisg aPP8ars to b8 material mi83latfjd. If we h18n￿ty such materfal tncons161ond•8 or apparont mH18r￿1 mlsslaternent8, W8 We T6qulwl to delerrnln8 wh8th8r Ihb rfge to a malor181 mi$ststWnont In the financkql 8tat8ments th8m8èlw. If, ba59d on th8 WQt1t we have PBrformwJ, wg conclud8 that ther8 18 a m#t4rl81 rni58tat8rn8nl of thls ¢ther ￿f￿ation. w8 are requlr8d to feport Ih8tl8cl. Wo nothlrvJ lo reput In Ih18 regard. Oplnlonts on oth•r m•tt•rn wMcrlb•d by lh• Comp•nlu A¢t 2006 In ourwinion, ba58d cfi Ihe work undert4ken in the Lxwrse of Ihe audil.. -Ihe Info￿atton i¥v8n In tr￿t0P5. r8POrt for the finan081 y8ar for whlch Ihg ftnencial Stat￿)Onts 8 prepared ￿ con8ktetrtvAth the ￿nanaal stal8ments', 8nd -th8 Rarx¥koflh8 Trust￿ has b88n pr8p8r8d In aoxrd8n¢e wrfh applicablg ￿uiTements. 10 SHINE: Support and Help IN Educatlon REPORT OF THE INDEPENDENT AUDITORS TOTHE TRIISTEES OF 8HINE: SUPPORT AND HELP IN EDUCATION klthrd on whl¢h wo w• r•gulrgd to rnport by •x•Fon In th8 light of the knowlodge and understanding of th8 choritoble wmp8ny andlts 0nvironm8nl oblainfjd in the cour80 01th8 audll we have not kgant￿&d material mi88ts1emBnts in the R8POrt of thè W• havg notNng to foport In r8sp8¢t ofth8 fc¥nvAw matters whera Ihe Cthnp8TrlB8Act 20￿ rw4uires u$ to rsportto you If, in ourwnlon.. adequat8 a￿￿U￿tIng I￿Yd6 hava not been kopt, or r8tums ath4uate fcf our audlt hav8 rKI l)oan recdved from branch0¥ not ￿8ttfjd by or the finan￿81 81ot6m8nts ar8 not in agreem8nl wlth Ihe acc￿n￿n9 re¢ords and rebjnw.. c* lain dlsclosuros ofdlr8ctors' remun8r8Wty) $￿ified by Lw not mad8', or not r8c•lvod all Ih8 Informlon and 8xplan8Ion8 wo r8qu*8 fcf our autht R••pM•lblllUM ol twu•ts•• Au eW81ned morg fully In th& Stsl8rr*nl of Tru$tse5' Rwon8Iblllllos. Ihe Iru8t8e31%4tt0 4180 th8 dlr8Ctor8 ollhecharilab￿C0rnp8nyforlh&￿Urp0886 of compAny lawlare re8ponslbkgforthe preperallon of Iho finsnc1818ts1ement8 whl¢h give o tsu8 and f81r ￿￿w, and fcf such int8mal Control as th8 tru$l998 d8termln8 18 necessary Io anab￿ Ihe prepar8lon oi financlal 8tsiam8nt6 that ar8 fr80 from motod41 mlBsl&t8mont whotherdue lo fraud orarrry. In preparfrvJ the nn¥ndal 8tstsm8nl&. tho tru8teeB ara wwjnslbb for ￿￿888￿[YJ lh• ¢h¥rttsbl• c¢)rrpany'B ablllty to ¢cnUnuo 88 8 golng mncern, é18ck)8lng, 88 appllcabb. mat¢w8 rdaled to golng co[￿M and uslno tho uolng conc•m b8515 of sccounlffj tsn105s th8 Iru8te88 ellher Intend to I￿￿kYal• th* chodty or to C0￿ Qporalions. or h4v8 ro r8allslic BltemBIv8 bul to do eo. Oyrf••pon•lblllll•• forth• audlt rf th• fln•nclal •tal•m•nt• Our oblacllvgs are to obtBln reawnabl8 888ur8n¢o about whelhor th• fl￿nd81 &tatsmMts 88 8 who are fr80 from mat8rf81 ml88ts18m8nl. wh¢lhor due lo fr8Lkl or Orrur, 8nd to ￿Su8 8 Rerort of th• Ind8pend8ntAudilor8 IhBI In¢lL￿•S ouroplnlon. R98￿nable 868ur8ne* 1$ a hlghlovd of a&$Ur8￿, but 14 not a gu8r8nteo th8t an audll conducted In accordarth IW IUKI will 8Iw8ys d8t8d a malerial m168181emontwhan11 gxi81J. Mk¥stst8m&nts frorn frauil or S￿or and 8re cons￿1¢1¢d materfal ff. Indlvlduglly orln tho 4gr8g818. Ihey coul(J reasonably bo èxp8c18d to lThfluenc* Iho ecorKrfnicdrf+bk)ftJ of uw• t8ken on lh• b8818 of th￿9 fln8ndal 81818m8nt6. The 8Xt•nt to whlch prrthdure8 ore ¢opabl8 ol d818Ctlw *rellularRkn, Inc￿dIng fraud l• det8118 Irreg￿￿1•￿. InclUd￿ry 1rnL￿, 8r8 ol non-complS&nce I•w8 End r8gul8tlon8. Wo d8slgn YO¢oduro8 In Iln8 wlh our res￿$1￿141¢5, ouUln•J 8bov8. to d81gct rna18d81 mtsstslgmentB In re8P8cI of Irr8uularll88, intludlrvd Ir8ud. Tho gx18nl to whloh Pr￿dUreS We ¢apHtA• of dataclng brragul8ri1￿. Indudlno fmud ￿ delalled bdow.. Our8pproa¢h to kl8nlMWnu and 888888lng th• rfsk8 of mal8r*l mW8lerrfftnl In r8y¢t ollrreguLqrfJ8¥, In¢ludlnu fraud and n0￿cOMplI8￿Ce ￿￿lawS and regul8tlon8. was aB folkn¥8.' The 8ng8g8m8nl p8rtn8r 8n8ur8d thHI the 8rvJag8m8nl to￿￿ colK8dvety h&J lh8 Eppro￿al• oJmpBt8nGg. capabl11t￿5 and S￿115 lo k1enlify or recogn￿0 8ppll¢8L40 law8arvJ ul81ions. W8 idenlffied th8 law3 aTrJ r8wlalions 8pplIcab￿ to the charlty tw d18ws&IMs w rnfinapmgrrt. and from our Kfflrr￿C18I krwledge ofth8 sect￿. We fetus￿ on 8pecffic18ws and r8gulMtions %vhich consid8r8d m8y havo a dlrect material eff8ci tho accounts of Ihe cp8r8tionB of the Charty. inchJdiThJ and 58f8ty. emWoyTh8rrt law. data ote￿.￿8 an¢J th8 Charfli8$ Act 2011. Wg 8sse88 Ihe oxtent of GoryWi8nc8 Ymlh laws r8gulati(Th etthè thr￿gh enquSrSes of m3nagem8nt Hnd ins￿r0 ￿041 earrespondÉn¢a. Id8ntfvJ aTh1 rogu18￿On3 ere o)mmunk818d wilhin th9 a￿1( rgllularly End the r8rrAingd alert to thsl•r￿￿s of rthllL¥)M￿l8nc8 throLYdh¢xrt ihe audlt. 11 SHINE: Support and Holp IN Educatlon REPORT OF THE INOEPENOENT AUOITORS TO THE TRUSTEES OF SHINE.. SUPPORT AND HELP IN EDUCATION To•Jdres¥ the Irsk offraud thr(wh man8gemant bl85 8rnJ ¢Narrid8 ol control$, w8: P8rf0rn18tt analW"c81 procadures to hlentify *y unusual or uneXp￿d rel8tt(*)shlps. Id8ntffied 8nd tesbj I￿rn81 ethes 8nd idontffled any s￿nIfIcan1 tranwtKmS Ih81 WeT8 un￿￿01 or Jtsld8 th8 nom*1 cour88 of trMJsin6ss. In￿￿tI￿a￿ Iho ralOn8￿ b8hlnd 8ignlflcantcf unusual tMsaclcffl8. Challenged g¥¥urnplon8 8nd ludg8mant8 mad8 by man8g8m8nl in d8terminirvJ 8Wlft8nl accwnting 05t￿8185. in partiCu￿r in rÉlation to accrual8, prepayM￿ts and d8preda￿On. In thpM8•totho rfsk of lrnoularflb& nonxJnlon18 3365 The P0nt¥gon Cgntury Way Thor￿ Pwk LewJ$ W881 York8hirB LS15 8ZB 20Y8 12 SHINE: Support and Help IN Education R8P)rtand Financi81 Statements 2022 St8temont of FlnanrA81 AC1r￿ties IncludiThJ Incc4na aFKI ExpgndibJr• A(tount For th& year and￿ 31 August 2022 E¥wndab Unr88Mct8d Restrkted Endowment 2022 2022 2022 Tot81 2022 Tel81 2021 In￿M•￿rtd ndttur• •¢count In¢om• •nd •ndowmonts Don8Ions and lo￿8 To 753,872 125,(D) 878,872 1.240.549 753,872 125,QOO 878,872 1,240,549 xpondltur• on: R*slng luTrJs Charflabkn aclfvlU8J t59,902 757,442 159,982 144,804 757,442 1,814.521 Total 917,404 917,404 1,959,325 Not (ba￿8Yg8lnS 1249,9231 1249.9231 919.9)3 N•t Incom￿•Xp•￿dI1Ur*l Trnn•f•rn I>*t￿on fund• 753.872 1792,4041 (249,9231 1288,4551 201.127 137.217 818,655 (Y53,8721 N•t mov•m•nt In fund• 1855,18n 366,732 (288.4551 201.127 RKon¢Jllatlon af lund•: Totsl frJnd8 br(MJght forward 855.187 6,004,663 8,659.840 8,458,713 rt)tsl fu￿• ￿rTI•d 8,371.385 6,371,385 6,659.840 AJI of the abo¥• 8r8 deind from corfnthng ocUvltl85. Tho ¢harfl**kg eampany no othw c￿lprehe￿W0 Income otharlhan thos8 st*d abovo In thecurrent and wecedlrvd yegr. knpar8tivo Informatlefi for Iho pm10￿ finarKlal yeor l¥ P￿￿ded St Nolg 7. All 8Up[K*tc￿ts, inBludlng thè8818d63 of Iho SHINE staff t•am. are mat by 8p8thc (knalcrnfrom th? tru8ts8$ 40 that 4 0th8r Income goo5 dredyk) grant fundlw for pr(¥xts. Th8 nolgs ￿ page• 16 to 25 fcffii ￿ Iniagrnl part ofthese fin8ndal statement8. 13 SHINE: Support and Hèlp IN Educatlon Rewrt FinanrAal Statem￿￿ Balance Sheet 8 at 31 August 2022 Èxp8ndab Unro&tricted Restrfctèj Ernt(Avrnent 2022 2022 2022 Tclal 2022 2021 Flx•d A•••ts Tangl￿0 &888ts 5.683 5.fj83 5,777.897 5,n7.697 6,197,864 flx•l a588ts 5.e63 5.777,697 5.783.360 6204.756 Cuyrnnl AM•ts io 1,947,383 300.IhJ) 2.247.383 3,238.158 8h at bank 8nd Sn hand 552.411 293,688 848,099 Total cuThgnt a¥￿1• 2,499,794 $93,888 3.093A82 4,208,087 Ll•bllltl Cr•dltorn.' Al￿n18d￿? wllhln on8 yo•r 11.954.418) 11,964,418112.ff21.8581 Ngt currMt w••tsl $45.376 593,888 1,139,084 2.186.409 Tot•1 *u•ts ¢yrr•nt 551,039 6.371,385 8,922,424 6.391.165 Cr•dltor8.' ArnNnl$4w aftor mefe than on• yw 1551,0391 1S61.039111.731J251 M•t a•••t• 8,371,385 6.371,386 6.659.840 Th• FuThJs ofth• Ch•￿ty Eyndfrb￿ 8ndwrn8nt fund5 Llndesign8tsd 12 D￿hanated 12 R0Strthd IrKom8 fwdfj 12 Unr88trfclad fiJnd& 12 8,366,845 8,3fj6,84S $,965.641 4,540 4,540 39.012 655.187 Total chvKyfvnd• 8.371.385 6.371,385 8,659,840 Th￿off￿r18¢118toMonts 8pprovgJ onol autts)rf••d IB8Ua by the Bo8rd oflrust•• on 29 M8rch 2023. Sign*J on behawoflhg Bwd ofiN61 Rak8ha Pattni Chair Thg nc1¢5 on pag88 16to 25furn an Int8gr81 port L%th8se flnand818t8t8ft*ts. 14 SHINE: Support and Holp IN Ed￿￿tIon RerxJt arnj Fin8noal Stst8m8nls ststemont ofcash Flow8 Ye8rend8d 31 Allg￿t2022 2022 R•conellla¢ion 41 not knCOrn￿18Xp•ndl1VmI to n•t ¢••h frorn <>p•ratlng •Ktlvltl•J Nel l•xp8TrJlbJro￿ncOm9 1288.4551 201,127 AdJuatm•nl• for D•preciBtion of18ng*bl8 a$6et8 L088881lg8ln$l on Inv68tm8rt8 •crgHse In deblors ID6cra88el In ¢rwJltor3 2.683 249.923 990.776 I1.247￿26) 2.375 1919.K131 103.630 1120.6071 Nel cosh Inflrwl lothcwl from ¢poralng aclv 1292.6001 (n33781 Ca•hflow •l•t•m•nt 1292.8WI (n3,3781 Nel cash tra1￿￿•d fromlltol Inv8strnent portfollo 33,309 147.167 pIr￿86d& ￿ •910 ol Inv8th￿ts Pwtha$o offlxed 8888th Proce8d8 offlxed a$•et dhpojals Pwdwo of Inv8•tments 382.067 11,4541 249.171 14,7871 1245,1221 16,5801 N81 cash lThfiwtr¢m Imiojljry actlvlUg1 168,790 386,077 IO¢cr¥a•oMnm80 In C•Bh 1123,810 1348,3011 C88h and cash 0ou1va￿nts at I S8Ptornbar 2021 989.909 1.318210 C8gh onil caoh •wha￿nts at 31 W8t 2022 848,099 969,9)9 Anaty•l• ofe••h and •9￿￿1•nI¥ C88h 8t bank 8nd In hand 846.099 Thg not8B on pw 16 to 25 fc￿ ￿ Iniw81 PBrt ￿th68•￿n￿￿l slaternentB. 16 SHINE: Supp(xt and Help IN EduGatlon R6FQrt and ￿nancIal Ststemer 88 to th8 Fknancial Slat8m8nts Ymrended 31 Augusl2022 Accounung p)Ildès Ba•1• of pY•p•rnth>n Thg flnandal stat•n8nt8 hava b&8n w8par8d In with A￿￿jDI1ng and R8pwting by Charftl88'. statement0fR￿rn[r*nd￿ Pr8ctka18ffect4va 1 j￿u￿2019)8pp1t8bI8t0 ch8rflies proP8ring tholr acC￿nI8 In aC￿rrJOncts wlh tho Financial Rfjpothg Standard applicaN8 in the UK and R6publlc of Ir*8nd IFRS 1021, chor￿&$ SORP FRS 102, the Financial R8pJrtlno stontl8rd applicabla In th8 UK 8nd R8publlc of Ir8land IFRS 1021 aNI Iha Gompanies Act 2006. SHINE the definilkn of a wbllc b¢nefll •nlity ￿der FRS 102. A5Bths and lIB￿lI￿85 are *Blly récogn18￿ at historical co81 or tranSaCt￿n v8lu8, wlh lh8 eXC8pllon of flx8d a86Ot Irw88trn8nts. whlch ¥0 r￿M￿SuMd utfhirvalue. Th8 pr0B8nta￿n currerKyi8£ 8tsrtirvJ and thg IInanc￿l stal8rnent8 have bean rounded to Iha n8areBt £. Ch•rltsbl• •tstu• and gqnwal Snlonnatbon SHINE l• • ch•rfty rf8t•rod at tho Charfty Comml8*n and a com￿nY Ilmllod by gu8rante• InwrpDTal•a in the Unbt•J lQngdom and reg18l8r8d Eng18nd and W8le8. The addr￿$ of Ihe regl8l8r8d offlco l$ provldod on pag6 2 And det811s of tho princlp81 8ctivJt￿ are di8cu86*J in the Tw6tO88' Roport. Golng ¢one•m The ac¢rAJnlfy have beon wepBr•J on 8 ￿1￿0 cown ￿818. The TruBta88 h8v• CorYdk1e￿J od of at l•a&t 12 month8 frun tha 8ppr0¥81 of Ihg Flnandal 8tatomonl8 In as8￿6[￿4 tho oFpro￿al8naS8 ofth18 bo$18 ot k¥ep8raknon. In¢¢)m• •ecountlng polley Nll InL>Ji*vJ r88ource8 oro Includ•d In Iho Sts¢•rrnnl of Fln•ndal ISOFAY when th8 tharty 18 koally fjnut￿d lo the Income after any p8rforrn8rts condllon8 hav8 b88n m8t, Ihe am(xJnl c4n bg m8a8wed rd18bly and It18 prob8blo th81 tho Incom6 will bb r￿th￿d. For don8lons to b6 rèeagnl88d tha charty wlll haw ba8n novflfjd of Iho amounts and th• 8•#lemenl dato In wrflng. Iflhere 8r¥ condll(x)6 8tta(*ed lo thed￿all0￿ and th18 r8qulre8 a18V81 ofp8rfom)onc8 bgfor8 onlllemenlcan ￿ obtalned then ￿n￿m& IB d8f8rred untll kn)66 ￿n￿lIOn8 aro fvlly rnet or the fulfilmont of tFK$g ry)ndltrons Is I￿{hIn the contrc4 of the charfty Bnd 11 Is proboblo tholth•y I￿11 h fuhl118d. Inv881m8nl Incorro18 eamed Ihrwh holding ajjots for Inv•slm8nt wrpo888 such as $h8re$. It IrKlud6& dI￿￿endS 8nd Intoresl. Where It 18 not pr8CtlcaN* lo k*nllfy Invg¥lmgnt Manager￿n1 ts incurred withln 8 8ch8mè w￿￿ ro8sonab10 8lturacy Inv8slThnt Income18 repothl r*t (rf t1￿ costs. 11 IB Includ¢d Wh￿ Ih8 amount can b8 mwsuw rdk*4y. Ini•rtst 18 ¥8cowlsad tho 8if8ctiv8 int8r8St m8thod and dI￿￿end. 16 SHINE: Support and Hèlp IN Educallon Report and Financ481 Stateme￿$ Not95 to th8 Flnon¢ial Statem8nts Yo8r end& 31 Aug￿1 2022 Accountlw polld88- ￿tinu•1 Fund •¢coUn￿n9 Unreslrict8d furyjs aro aval￿￿8 for u88 8t dkBcrolon of the trus1￿ In furthwance of tho gweral the¢￿¥88 oflh8 Ch#fitab￿ company. Endtr*4menl fijndts rthateto ￿nI$ dona￿ whe18 Ihe upltal * retslned 8nd Iho kncorne18 fcf U8• Ihe twstees In fvrlhprtng the obl8cts of t1￿ chorftabla rxjmpany. Where the Iru8tse$ hav8 rlght to uulisa caplt8I, ¢hes8 *Jnds 8ro shown a8 8XP8ndBble 8nd￿Ments. Whore the tnjste h8ve ￿gnat￿j such lunds for th8 ￿9rd ￿ grants. bul Ih880 hovo not y81 been fornally 8rded lo s￿dfiC b8noficwrf88. they aro rowllnlsed as d88lgnotod axp8ndablo ethwTh8nts. R08IrfC￿ fiJr*18 coffjse th￿8 fvndi whth are $ublKt k) speclflc ￿dI￿On8 ImpJs•J by donus or by th• pu￿0$& ofth• Appeal. All Inr￿8 and •xlw￿liUr* l• In tho s19t￿ent of FIna￿K￿l AcUvlllo8. Judg￿￿1• and ••tlrnat•• Th• accounts aro prepared on On bath. Mvtthy•ar grant Comrnttn￿n18 ar8 8CUUgd fijll In Ihe fin4ndal w th•t aworded. Expthdltw• Ch4rflatle 8xpondttum com￿•8• •￿ndttUrn r81gt*l loth• dkecifvrther8ne4 cl Ihe compAny' Ch8rfto￿• oblxtfvg8. Th¢y Indude gupFx)rt ca)818 and thoso Incurred In conn8¢Ucm Ihg man89$rngnt of the chodta￿a ccfflpany8 48fj•ts and orgBn180llonal admlnhlrallon. FuTrJraKBlrvJ aclvlty t•J¥tJ wo th06e Irrtwr•d +n ¥dunt8ryconffibufth8 lorthè dwrttybl• ompany wd In PU￿*¢jI￿n0 the Ch8rftft￿0 company. Gr8nts awarded ore sh￿¥n In Iho St81oment ol Fln8nd•l kalvbtr￿, no￿￿1h$1&￿d1ng that 8 proporflon bB p8ld In fulur•accounting Wtx16 and rnay t*￿¢[￿0n￿lQn fulurapwformane• by tho gmnlee. Gtyvem8nc* fxjsts compri88 all co$t8 Idgnlm8d whollyty malnly attfibutable lo enjurtng Ihepubllc counts￿l1tyor1h￿ ch8rfty8txl Its ￿th￿lar￿a￿lIh rgguLgllon. Th88•wsts have ￿en ￿k)C￿ted a8 SUPPOrtco8ts tofundra￿1[Yd and want odmlnl$trèlcn In proportlon to lh8 rdated 818ff rna. T*nglbl• flx•d ••••t• Tonglbl8 fixed o$$•ts 8r8 818ted at co8t IrKIuL¥ng ony In¢la•ntal exparw ol acqu184I0n. Owec18tion1s provkled oft all tanglblg fi¥od a58ets ai ratOS L¥loJlat•J tg wrfto off the oJ81 on o &*ht Iln? basls ow Ihelr exp￿tsd uoafut 8C4Jnomlc Ih88& foJJryh*'. orfic8 equIprn8nt 6 years *w•th•nts U$t•J Srwestr)8nts8ra $14t8d 8lfalrv8lu$ 88 at theb8latK*she8f date. Th8v8lu8 ollnvgBtment8 are d$lgrnin8d by the valuations submStted mDnthly by lh• managers of the Indivlduol Investments. Th8 Stat8ft￿nI of Finand81 Artivities Indudas reali88d and unrg8lis&1 g8ln$ and 10588S 8ri$ing from the revalu8tbn of tho imiestment portfdlo Ihnxjghwt Ihe year. o￿l08Ure 18 made in ncts 9 of Iho rnOV8mwrt in rnarkat v&Je of the knv88ln￿l8 ¢JurftYd th8 yaor. Tho invo51rn8nts ww8 Man8g8d FuThJs. 17 SHINE: Support and Help IN Educatlon RepNt artd FinanciBI Statsments Notas to the FInand￿ Statsmts Year 8TrJ*131 August 2022 Un￿ThJ Wlcl•s. Othvlln•ncS•l InAtr¥mBnt• o1h8rffin￿￿d In81wments dIr￿llY from tho cvrnpanys tharlt8bJ8 adivlts8. Al tr&e Other debtus ère InltLglly rKoon18￿ 8t transact1c￿ 95 nono rxjntskn in gubstanca a financlThJ tranS8￿on. Th8r08ft8r tr&Je a￿j other dabtors rathed for ImpalThMntwhar8th8ro1s obj8c*iva avld&nts bwsed on obs8Nabl8 data that the bolanc8 may bo irnP81r8d. No collator81 Is he￿ 8g*nst trede olhar rate￿$b￿S so th8 exposurè to C￿11 r15k 18th• net teknca oftrbje and other debtorn aft•r dbw8nc8 l&r IMp￿rn￿nt. The txrnpa￿$ cash ¢omprf* on d8rn8nd bHlarThs onty. c88h18 h&kl wlth banks wlth 8trong extwnal cr8dlt ratlngg. C￿h hold to rn881 medlum torm grant comrrttmonts Is d88¥fi8d a888I In￿tments 88 part oftha tha￿ta￿e wmpany's ex￿dab￿ en¢l)wmont. Twed& gnd oth8r cr&Jltcn and *xNals are Inttthlly r8¢ognisgd at Ir8n8actsN valu6 46 no represent 8 financlry transadon. Thoy aT0 onty derecoJnl88d thoy ar• •xllngu16h8d. P•n•k>nB For d8nn&l conlrlbulon Jchemes iht arn￿nI ch8rgad to Iho Sttst•m8nt of Fln8nd81 AcNif•8 In ra$p*t cl p8nBlon ¢c•t8 and other po8t-rellffjm&nt t*n8fl18 In the 8m¢JJnt of contAbul￿8 pay8bb tn thè ye8r. DKfetorTh8 b8hv88n contrfbutlon8 payable In th8 year 4nd eonlrlbulon& 4ciu8lly p81d In ￿ ￿araTe ilwn a8 •tth•raec•J#lB or prepbymonl• In the baLqnca 8he8t. Fty•lgn •xch•nll• Monelory aB68ts 8nd dencffllnatad In fry•lon ¢urrenc18B ar8 tr8n818t•d Into 8tsrtlro 81 r8t¢s of exchan9e Nllng 8t ￿ b818nc0 Jhegt d8te. Tr8nsa¢tK￿3 in fordgn curr8nd6$ ore tran61at8d Into Btorllng at ￿ roto Nllng on the do1¢ of tho tranoactlon. Exch8n90 gaiM and 10080$ Are recJJgnW in the profft and k)8$ a￿￿nt. Not exp8TrJltur 2022 Net aXP8ndrturo h 8tat8d aftor¢h•rnlno'. Pr￿k￿$ 8ut11torf8 r8mun8r8tk)n for audlt cl*r9￿ audrtorf8 remu￿ratIon foraudll 0•fy*4s Deprathtion (see rnt8 81 17.700 9,780 2.375 Incorw Ireffi don8lon& arnj legBd88 Llrw88lrfct8d 2022 2021 DoTralbr L8goGi95 702.tV36 128,0￿) 51,776 827,096 1,240.549 51,778 Tc4al 753,872 125,0 878,872 1,240,$49 18 SHINE.. Support and H•lp IN Ed￿￿tIon Rawxl ond FinarKial Stataments Noto$ b) the Fir￿￿81 Ststements Year 8nded 31 Auoust 2022 Exwdftur• Other dIr￿t staff C06ts Tol81 2022 Granto 2021 fundB Fundr8181no aC1v￿ support CO8t8 (>)vern8nc8 co&ts allocstod 128.828 9,465 18,598 6,071 145.4 14.536 123,544 21,260 138.293 21,669 159.982 144, Ch4rftabl• I￿1¥11￿•• Grant8 Support cosls lknmanc8 co8ts allocat 460,92B 460,928 1,501,043 273.582 277,160 22.952 36,318 203,413 14.945 70,149 8,007 218.368 480,928 78,1&8 767.442 1.814,$21 Tol•l 368.651 4eo,w28 99.825 917,404 1,959,325 Tho Allocalbn of Iloff ¢o$l• and gov•m•nc• ¢￿ts el) tho ba8lo of an p0rtbnIr￿nI ol $1811 Ilftw. Totsl gov8mwce co&t& yw wffo £37.48812021.. £57,5781. 2022 Gwts Out8taTrJlw ot 1 SW•mt4r N8wgrants gwwdfjd durtng tha year OvgrspeTrallundernp8nd•l Pald durfng the y8ar 3,717,888 3,844.080 824,624 1.559.174 1163,8961 158.1311 11.703,521111.827.2371 Outtstsndlw at 31 2A75.293 3.717,886 Awards fallhg dua wthln 0￿ ylar Aw8rds IBlllnu #ller rnore IhBn orta y 1,924,2S4 1.è86.561 551.039 1.n1,325 2A75.293 3.717.886 19 SHINE: Support and H8lp IN Educa¢lon R8POrt and FinaneA81 Statemwts Nots8 to tho FinanrAal StatstWI Yaw 8rxled 31 ALVJSt 2022 E¥p8ndllur¥- contln¢J&Y Grant8. Ihg tru8te88 tok8 d8cWryns on ap￿1¢&t￿8 tha r￿M￿￿nd￿C￿s rf th8 ex￿￿¥8 taBm. ￿1 gr8nl8 8PWOV8d In the period 8rg Ill￿￿ balow. Amy How Llm 19.750 Phonlcs 88nkfield8 Prfmary Sthool Bl$lv)p Hogath Educall(￿ Tn 41,887 Astra Acadw))y TwuBt 8oolh&m School 760 Amy How Llmitod Borornl 40,750 A8tr89 AcwJemyTnMt 750 Bsthfc#)t Tw8t G&ntr8 for Effsctlw Phllanthropy Craven Collage 23.000 8ishop Hogarth Education Trust F￿de Co88t Ac4d8my Trust 750 Blsphom End￿ett CE Prim8ry Sct 3.$00 Bwlham &*cx)I Groonford H￿h School 26,250 Boroml HorburyAcad8my 3,500 8WB L&koskl8 P￿m￿ry Ac8domy L8mplon School 26,250 Cothe Phm8ry School 40,722 Crsven CollogB Luddltyton & GarfhorFe PAm8ry 13,908 Dowdal88 Sthool Matmillan Acadgrny 3,500 Dr8pgrn Brooksldo Junlor Scho Moston Fbld8 Prfm8ry 5th001 dham Slxth Fomi Cdlege 750 EaS￿sTd Communlty Prfm*y School CHI￿8 Ri¢harth 760 Educallon81 Dfvarnlty 45,750 End68v4yJr ACad￿th TNat P8￿18nds County Prfmgry rton Hlll PrlmBry Sf*wl 760 FalllnyB Park Hlgh Schr 26,250 Hull Collaimuve Ac8d8rny Tnwl Pouttcth.kJ-88nd$ ColE Prfmgry Sth001 39,000 Llghlnlw Math8 Llmitfjd Roy ClutterbLtia S¢hoc4 for Soc181 Entwr•neurJ 40,350 Lurninate Education Group Sl M8ry'8 Cathollc Acod8my 8,000 Mor8camb& B￿Y Communty Prfrnary 875 52,080 7,725 99,111 80,742 9,750 17A30 25,875 10,875 5,549 62.946 23,375 ,000 19.875 52,000 3,376 74.&JO 94,955 875 3,875 37,997 IIFI The Spencer Academlos Tn￿1 The Stephan Loffjfellcw Ac8damy Vont4g8 A¢8d8my Tru•t Wlngfi01d Academy Woodham Ac•J•my 30.389 Mo$ton Fh9k#8 Prknary SchorA 750 NEAT 91,854 Nltholat Postg8te Acad•my 42.280 Oldham Slxth Form Cdleg$ 75,234 ParkJ8ndt County Pdmary Schwl 57,690 Rgkl Str88t Prlmary Schor S8cr8d Hoart Cathc41¢ H￿h Scho)I S¢1￿1 21 Foundglon Sc1k￿l tr SOCH EntrO￿neur8 Spelling B8at8 CIC St P81dck$ RC Hlgh School Sl Paul's C of E School The sp8ncwAcad￿1￿ Trust Thre8 SBlnts MAT Thr08ton Pdm8rySchool Universlty of Manch8&ler Whit• Rose Whltefièltt Primary Scl Wise i)wl Trust Worsborough Common Prim8ry Wyvwn Co118g8 25,875 57,341 23,500 18,875 25,875 40,023 ),(NJo 12,998 26,CA)O 20,000 78.940 876 99.250 3.87S 4.500 23,355 50,000 loo,¢￿0 15.000 21,3e6 Grom ThT•ryl• l¢athad forward) 624.024 Grosts •ward8 1,559.174 SHINE: Support •nd Help IN Edu¢8tlon and FI￿n¢la1 Stale￿￿ts Nckns to Iho FinarKial Stat9rn8nts Yearend8d 31 Augu5t2022 E¥peTYJlbJre Icm• and •ndowm•nts from: Dcnatknns •r¥J ￿gadeS 162.754 1,077.796 1.240.549 Tcrtal 162.754 1,077.795 t240,549 EAp•ndknM on: Ral6lng fvndB ¢h•htabl8 8¢#Mtk•8 144,804 1,814.521 144,804 1,814,$21 1,959,325 1.959.325 N•t galn8 on Invatrn8nt• 919.903 919.903 Not Ineom•ll•xp•ndltuv•l 162,754 1881.5301 #I9.￿3 201.127 Trkn•f•rA b•lwg•n fund• 1162,7541 182,754 N•t mov•rn•nt In fund• for th• y•4r 1881,$301 1,082.857 201.127 R•¢on¢lllthn of l￿d￿. Totsl funds broughtfc¢ward 1,538,717 4,921.996 6,458,713 T•t•l lund• ￿rrf•d lo￿￿nI 655.187 6,CW,853 6.659040 SHINE: Support and Holp IN Educallon R￿)￿ ar¥J Fin8nrA81 Slatwn8nt8 No188 to Ihe F**nGial StSte￿nts Y*r end&J 31 August 2022 TartrJlbb as60ts ju5pm￿t Total At 1 Sept&ft*ar2021 Add￿On$ ,865 26,B65 At 31 Ajjwst 2022 28.319 28,319 Dep￿la￿L At 1 S8Pt8mb8r 2021 harg& forperfcxj 19,973 19,973 2.683 At 31 August 2022 22,656 22,656 Ngt vdu8 At 31 ￿gUSt 2022 5.663 5,663 At 31 August2021 6.892 SHINE: Support and Hglp IN Edu¢allon ReF#%I and FIna￿￿ Stat¢ments Not89 to lh8 Rnancial Statsrn￿ts YoarWKl￿$ 31 Augu612022 X8d s8￿1 Invgstrnonts In¥88t￿nIS an8ly8ls 2022 l(knmk1￿I Efftn Wlal Equlty Fund (Ira￿nd) 8rfdg88 commynlty Dov*y)ont IBCDI Venture Fund 111 (UK Mognilude Intomabonal Clas8 F Icayrnw Island81 CF Ruffw Totsl Rdum FunJ IUKI Verft 1.398,889 1,777,738 116,083 143,245 1,312,137 1,187,314 932,297 917.245 1.377.880 1.395,221 Martot v￿u8 oflkgtwj Im1￿￿n￿l5 5.137.086 5.420.763 BLq¢*ro¢k Slorling Llquldty Flrnt Ilrokndl 840,631 TT7,101 Total thv•Ilm￿11 5,777,897 6,197.864 Furttwon•ly8F8 of Invo•tmonl•.' 2022 2021 MBth8t ¥￿u8 brought forward Purch88ed durfTha ye8r $8189 I reallsBtlons durtrvJ y•ar W IWVgg1Tr on rsv81u8Uon 8,197.864 5,e67,717 245,121 6,582 1415,3651 1396,3381 1249,9231 919,903 Marketvalua at 5.777.897 6,197,884 H￿tr)N¢81 c¥)•l at 4,103,946 4.240.881 Jrwlatod unr••lle•d Inv•thnt o•ln* at 1,873,751 1.956.983 10. Debkf 2U22 2021 Pr8PayTh8rt8 and olhoriwtors 2,247,383 3238,158 Pr¢payrnwts other debtor8 du8 ¥￿t￿n ona year 8r8 £1.947.383 12021.. £2.180,03UI and Ihan y88rw8 £3£K).c￿I2021.. £1.058.1191. 24 SHINE.. support and Help IN EduGatlon Rowt 8nd FInar￿[al Slatern8nts Nclas to Ihe Fina￿la1 slatem￿ts Y88r8nd*J 31 August2022 11. Crad 2022 2021 Cr&Jllor8 In lh8 c(*Jrna of c*dlnarycperatth6 Grant Comm￿￿ont6 du8 ￿1h1n crn yw T8xaUo) 80d818*￿ty c08ts 1,995 2,149 1.924.264 1.986,561 6,865 2,$83 23.700 2.529 17,100 Accruals Amowrt8 duo wlthkn ong y• 1,954,418 2,021,858 Grant commltrn8rt8 duo 8ll•r mor• IPwi cn8 ygar 551,039 1,731,325 Cr*kn wlll from tho exwd•bl• *n￿￿m￿l K ih•re aTO In$uffl¢knt Incom• fund8 In tho futur•. 12. Statom•nt of 9al*rt Net 1 Sgpt Incornlng Oulplng Irbvwth)•nt 2021 re8wrco8 Moourco8 11068881 Tr•n8fern Bdar 31 A￿&￿t 2022 ExpeThaabl8 Endtr*menl'. - uryje￿gn9Ifjd 5.985,641 - D88Egnstg0 39,012 R•stdcted fundj.. CWr8lng 8Tr P49,9231 651,127 6.386,845 134.4721 4,540 655,187 125,OW 1917.4041 753,872 Unr•thclod fund 137,217 1753,8721 Total 6,659.840 878,872 1917.4041 1249.9231 6.371,385 dudad %￿lh1n th8 •¥pendabfe •ndowm8nt unreallBe(1 081ns and *8188 on th• r8V8lu8lon of fixed aBEat knw8trnont8. D8tg11$ Hr8 above In note g. Tho d8819n￿led exp8nd&ile 8ndDwThent balance rd8t85 to funds 11061w8t•J for w8ntB by tha trustsas 8t the bal8nc0 sheei d8to. bul not fomwlty 8ward8d to $p•cmc b8ngfi¢bdog. 13. Tru8te•S and rd41thl p8ty dl8(*4ur88 Durfng Ihe th8 ChBrfty rgcew £350,CK)012021: £648.rJ)01 lTrdonaUfmfromtrusl*B aTrJ norHryoffic8 hohd8r8. TrusloOS Were 8ubsi8tgllC8 axp81￿￿ *)t8llwJ 3112021.. £5951. 25