SHEILA UNLEASHING
MCKECHNIE SOCIAL POWER
THE SHEILA MCKECHNIE FOUNDATION
Charity Registration in England and Wales No. 1108210
Scotland Registration No. SC044207
Company Registration No. (England and WaLes) 05331412
(A COMPANY LIMITED BY GUARANTEE)
AUDITED TRUSTEES, REPORT ANDACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025

THESHEILAMCKECHNIE FOUNDATION CONTENTS
Page
Legal and Administrative Information
Trustees, Report
Auditors Report
21
Statement of Flnancial Activities
24
Balance Sheet
25
Statem8nt of Cash Flows
26
Notes to the Accounts
27
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THE SHEILA MCKECHNIE FOUNDATION LEGALANDADMINISTRATIVE INFORMATION
Trustees
Nicole Itano (Chair)-Appointed 3010912025
Richard Lane (Interim Chair until 3010912025)
Re8ppoint&d 0811212025
David Wade {Treasurer)- Appointed 3010912025
Patrlck Steen- Resigned 0811212025
Zalnab ALI Khan- Resigned 081121202a
Anthony Burton- Appolnted 1810612024
Jullet Can-Appolnted 1810612024
Sami Glchkl- Appointed 1810612024
Alex Kent- Appointed 1810612024
Gilllan Lazonby-Appointed 1710912024
Emliji Rudzin6kaite - Appolnted 1810612024
Kimberly Garande (Vlce Ch8lr) Resigned 1011212024
Debor8h Doane Resigned 0910112025
Stugrt Davis <Treasurer) Reappointpd 1011212024 and
Re8l¢ned 1010612025
Pete Moorey {Chair) Resigned 1010612025
Resigtered Address
Crown Chambers
Bridge Street
Sallsbury
SP12LZ
Auditors
Fletcher & Partners
Crown Chambers
Brldge Street
Salisbury
SP12LZ
Banl<ers
Unity Trust Bank
Nine Bridley Place
Birmingham
B12HB
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEARAPRIL 2024 TO MARCH 2025
THE SHEILAMCKECHNIE FOUNDATION (SMK)
This trustees, report Includes the dlrectors, report as requlred bycompany law.
Introduction
SMK takes a big plcturevlew of ¢smp8igning and social chAnge. We
recogni89 that campaigners are trying to change lots of different things-
from helping someone acc88S their rights to changing poltcyor attitudes at a
natlonal scalo.
W6 also recognise that t￿Ore are Lots ofways to campaign from awareness
raising and community organlsing, to movement buiLding and political
lobbying. We knowthat social change typicalLy happens when lots of people
use differenttactics across th[8 broad 'eco system, of change.
Ourjob is to help campalgners 8nd changemakers of all kinds-whether
working on their own or in big organisations- understand more about how
social change happens and howto design their campaigns to have the best
chance of success.
At the same time, we want to build a better understanding ofwhat sociaL
purpose campaigning is. and why it matters. And build a sense of
community and solidarity amongthose pushingfor change.
The past year has been a challenging one for many charities 8nd
campai8nin8or
anisal'ions across the UK. and SMK has not been immune.
We have navigated a period of signifiGant transition. includingthe departure
of both our long-standing Chief Executive and Chair, alongside the
continued financial pressure8 facing much of the sector. Like many small
charities, w6 have been affected by an ovei-retianGe on a Limited number of
fund8rs, the on8oing challonge of d8velopin8 new income streams, and a
fall in ourtrading income. These realitie8 required the Board and leadership
team to take somo difficult and unpalatable deGisions, incLuding a
n6¢ossary resizing of the organisation to seGure its long-term sustainability.
Throughout, the Board has approached this period wlth integrity, care, and
realism- always gulded by whatwouLd best protect SMK'S mission and the
campaigners we serve. The staft team has shown extraordinary resllience.
professionallsm, and tellaGtty. Despite capaclty pressures and the
emotionat toll of change, thelr commitment to SMK'S purpose- supporting
those driving change In communities, organi8atlons, and movements
across the UK- has remained unwavering.
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEARAPRIL2024TO MARCH 2025
I'his has also been a year of renewal and strengthening. We have appointed
an Acting Interim Chief Executiv@ to provide stability and leadership. and we
now have a stronger, morE3 diverse Board following a wide-ranging
recruitment process that has brougtit in new sl<ills, experienGes, and
perspectives. We are also delight8d to have appointed a new permanent
Ch8ir of Trustees, who WILI take up post in September 2025, bringingfurther
depth and continuityto SMK'S governance.
We remain deeply grateful for the continued support, advice, and confidence
of our funders and partners, who have stood by us throu8h a diff icultyear.
Their beLief in our nii8sion- and in the campaigners and changemakers w&
ch8mplon- has been criticaL In helping u8 navigate this period and plan for
the future.
Each year, the SMK CampaigngrAwards r8mind us wliy ourwork matters.
They bringto life the creativity. courag8. and dlverslty of people and
movements drivlng change 8t every18vo1-from neighbourhood projects to
r)atlonÉl pollcy, It is thelr 8tories, and their impact, that contlnue to inspire us all.
A.8 SMK marks Its twentleth gnniversaryyear, wo do so with humility about
the ch81len¥es we have faced, and cautious optimism about the road
ahead. The decislons of tlie past year have not been easy, hutthey have laid
the foundations for 8 Stronger, more su8tainabLe fLrture. SMK enters its next
chapter Leaner, steadier, and more focused than ever on supporting those
who make change happen.
The truth Is, we are all c8mp8lgners-when we ne8d to b8. Whether making
sure a child gets the supportthey need at school ortrying to shlft global
climate policy, this is aLL campaignlng. And SMK Is stlll here for alL of you.
Objectlves of the charity
Our vlslon is a more confldent and powerful campaign communitythat
works together to drlve change.
Our mlsslon is to unleash tl)e potentlal of changemakors by providing them
with support, connecting them, and championingthelr interests.
Public beneflt 8tatemant
In setting our objectivgs and plannlng our objectives ourTrustees have given
careful consideration to the Charity Commission's 8enoral guidance on
public bonefit and in particular to its supplementary public benefit guidance
on advancing GitizenBhip and community development.
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEARAORIL 2024TO MARCH 2025
Actfvitles and Revlew
The followlng revlew summarlses SMK'S activlties ovor 2024125 underthe
four headings: Support, Connect, Champion & Organisational
Development.
1. SUPPORT
SMK supports chang8mak8rs through Grant Funded prograriimes and
tralnin¥ & consultancy d@Ilvered through our Trading Company. Whether
campalgners are atth8 start of th6irJourn8y, or deeply experi8nced, we
provlde tho tools and support they need to effectively. In 24125 we trained
around,326 people frorn organisatlons and reached a further 932
Individuals through our onLine Change Malcers Toolkit.
Grant-funded tralnlng programmes
Thanks tothe Oal< Foundatlon's support through their Housing and
Homelessne.gs fund, SMK has continued to strengthen the knowledge, skills
and confldence of campaigners workin8 on housing and homelessness
across the UK. In this third year of the partnership, and with agreement from
Oak, the programme pivoted awayfrom our focus on solidarity in social
change to align more closely with SMK'S capacity buitdingtraining and
support.
Free aGGess was provided to Oak grantees to 8 range otSMK programmes
designed to build Gampaign GapaGity. Gollaboration and leadership.
Participants were able to develop Gore campaigning skills through our
Campaign Carou8el programme, benefitfrom a more detailed exploration of
topics such as campaign strategy. theory of Gh8nge and understsnding
local pow8r in our Deep Dive programme and experience group coaching
and p88r support as part of an Action Learning Set.
Cate
ory
Campalgn Carousel onLlne worksho
Deep Dlve trainlng places
Actlon Leaming Set
Number of Oakfunded partlclpants
13 individuals, 12 organisaiions
28 individuals. 15 organisations
8 individuals, 7 organisations
Grantees represented organisatlons, from grassroots groups to national
charities, working In partnershlp wlth communltles IncLuding r8fuge8s and
asylum seekers, tenants, young people, women, Travell8rs, Roma, Black and
other racially mlnoritised groups, communities leadingthe way in challenging
housing insustice and homelessness.
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEARAPRIL2024TO MARCH 2025
"It was great to mèet a new supportive group of people in similar roles in the
sector. I learnt a lot from them and thelr Insights. Facilitation was excellent
and really helped foster trust in 8ach other" Action Learning Set participant.
'It's an eye opening and surprising experience, 8 gr68t chance to reflectlvely
collect, challenge yourself and feel part of a campalgning community". 08k
programme particlpant.
"It gave me more confidence in my abilitie8 $8 & campaigner. Particularly 8s I
come from more of 8 di8lt81 background rather than cgmpaignin8. Deflnit8ly
helped alleviate mylmposter syndrome. Also provided me with 8 ton of useful
tools and frameworks forthinklng 8bout campaigns. being creative and
solving problems". Oak progr8mme partiCiP8nt.
The programme has offered much-needed space for campaigneis to build
sl<ills, reflect on ch8Llenges and connect wlth others. To maintain momentum
and connectlon across the community, SMK shared regular newsletters and
blogs gnd hosted a Community Catch Up In J8nuary 2025 (8 partlcipants
from 7 partner org8nlsatlons). We also contlnued to support the learning
communlty established In Year one and two of the partnership. Feedbaclc
shovved that particlpants partlcularlyvalued the chancè to learn alongslde
peers, explore new approaches, and gain practlcal tooLs they could apply In
their organisations straight away.
"I found it really usefuLto have lots of time to chat to other attendees. and I
forme(J some useful connections through this".
Providlng access to SMK stapLes like the C8mpaign Carousel ensured Oak
grantees got to mix with a wide range of Gampaigners from across the sector.
One of the most powerful aspects of the programme has been the sense of
shared experience across different sectors; 'It's been really useful to hear that
people are experiencing similar things outside of my sector, recognition of the
problems gtves mo hope that something can be done about it."
In a ch8llenglng year for SMK, Oak's continued support has enabled us to
remain focused on our core mission of strengthenin8 campaigners, Lookln8
ahead, wo liave an @xceLlent ongoing relationship with the Foundatlon and
our new themes of Connoction and Capacity Building In Year Four are already
provlng popular.
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YEAR APRIL 21)24TO MARCH 2025
In March 2024, with grant support from Wlkimedla UK, SMK launched the
Chang8makgr's Toolkit. The toolkit helps peopLe develop 8 foundational
understanding of campaignlng through three practical modules. The Toolkit
ha8 had 932 active users in this period. On average, users rated the modules
as 4.4 out of 5 in th6 Star rating. One user identified the resource as'brillianv
and went on to say'lt's packed with accessible. free online resources 8n(I
sultable for campaigners at all levels., We actively market ourfree content to
target audiences Including grassroots organisations, Student Union8 and
youth or88nlsations. Our free campaignin8 tools have an aver8ge of 132
monthly downloads, th6 Changemaker's Toolkit h88 an aver8ge Df 56viewers
per month, and the Fr66 Campaigning Tools page has had an aveyage of 67
vlaws per month.
Tr8lnlng and ConsuLtan¢ythrough Trading
We earnt income of £77,385from training, which outperformed our 70K
target. Our consultancy operation didn't meet its expected target, comlng in
lowerthan forecast at £52,249. Overall, the training and consultancy
programme generated a total income of £129,634 across the year, against a
targetof £140,000.
Tyalnlng
For early-stsge campaigners we offer a founclational understanding of how
change happens and an introduction to dffferent campaign disciplines
through our Campaign Carousel {a series of nine workshops) and Open
Training programme (one-offworkshops).
Participants come from a wide range of charities from local organisations Like
Carin8 in Bristol (£1,3m turnover) to small intermediary organisations like
Surfers Against Sewage (£3.3m tiirnover) and Larger organisations like the
RSPCA (£152.5m turnover) and Amnesty International UK {£22.8m turnover).
Campaign Carousel participants told us thatthe training had increased their
confidence, knowledge, skSlls and tools to campaign effectively. Increased
understandin8 of influencing and policy chan.ge, both key campaigning skills,
was reported by 1001Yo of evaluation survey respondents.
"The Campaign Carousel tralning gave me both practical tools and deeper
Inslghts into effective campaignlng. It also introduced me to now approaches
and networks I hadn't considered before. Most importantly, It equipped me
with knowledge I could immediately apply in my role, helping me campaign
more effectively for the rights of refugee and asylum-96eking women."
Carousel participant.
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEAR APRIL 2024TO MARCH 2025
We offered advancéd support for Inore experienced campaigners through our
Deep Divg sessions and our Action Learningsets. 590th of participants In our
Deep Dive sessions were employed as Managers, Heads of Departmeiit or
Directors within campai$nin8 or8anisations. Over the year we had a high
demand with flve sell-out sessions and 94 participants in total. 26
Campaigners participated in our Action LearningSet8 which foster critlcal
thlnklng through peer learning sesslons.
'Thank you, I found that so useful. I have Learnt lots of helpful practical tips
and wllltal<e forward thinl<ing at a much more granular Level about who we
should target and when." Director and Deep Dive participant.
In 2024we developed iwo new Deep Dives - Theory of Change: a framework
for effective social change and Understanding Local Power: Inslder
perspectives on counclls, mayors 8nd grassroots impact, In response to
C8mp8igners' need for clearer p8thways to change and a better grasp of how
local powerworks In practice. As the pollticaL landscape shifts. these
sesslons offer pr8ctl¢al tools to plan more effectively and influence
declsion-makers Ioc8lly. We have also contlnued to run our popular Deep
Dive on Howto develop effectlve c8mp8ign str8t68ies and re-ran our one-off
Deep Dive on Howto own the room: build your influence. presence and
charisma with Viv Groskop.
Category
Cam
aign Carousel onLinp workshops
Deep Dive trainin
places
Action Learningset
Number ol paid for places
93
Commissloned traFnlng & Consultancy
Our consLiltancy combines commissioned trainlng 8nd strategit support. In
2024125, trainingwas consistently in demand, and our consultancy en8bl8d
key organisations to sharpen their social change strategy.
SMI( has provided short in-hoLJse trainingworkshops for a range of
or8anlsations, including Cancer Research UK, Soclal Care Futures, and
Lumos. A particular highlight was leadlr)gworl<shops to he,Ip young people
wlth epilepsy gain tho confidence and skills to use their voice wlttt EpiLepsy UK.
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YEARAPRIL2024TO MARCH 2025
We also provided longer-term cap8CIty building programmes for clients
incLudingthe Soutliall CommunityAILi8nce, TravelLer Movement, and
p from the
N8tion8l Parks England. In ourthird yearwith Rosa UK's'Volce4)
Frontline, f'und, we delivered a five-month programme forwomen and qirls,
organis8tions wanting to strengthen their locaL campaigning. We also ran a
second year of a four-month ParalympicsGB programme, inspiring 8thletes
to US8 their platforms to drive social change. The programme launched in
March with an interactlve onLine eventthat inspired p8rt1cipants to explore
how they can speak up, build influence. and drive change on issues they care
about
'1 think the online session was a great introduction to 8dvoc8cy and
campaigning, an area l am very new to. I found the sessions engaging and
informative, giving me a Lot of new icleas and enablin8 me to think differeniiy
about campaigning." Participant ParalympicsGB
We ian a repeat of the well-received day-long session on the TUC'S Leading
Change programme fortrade union leaders. We also provided in-house
strategic conveisations on social change for organisations including
Heatherwick. NUS, and The Bamwood Trust. One consultancy Glient fed back
Thank you for running SUGh a brilliant event yesterday-you are SUGh experts
in whatyou do and it's a pleasure to workwith you,.
Category
Organisaiions that hav
commissioned consultanc
Campaigners reached through
consultanc
160 participant8
ThlatotAI does not include the individual or8anisation8 thatwe train through tlie commls8lonlng
oiganisation. w8 pl8n to monitorthi6 more accuyatoly in ou¥next repoi't.
*Yhis an e8timat8 basod on ali av6rage of 10 people per organlsatlon. we pian to monltorthi8 more
acGurat8ly In ournextreport where our client8 8ILow.
Roach
16 organisations
**
2. CONNECT
Wa need everyone- and all kinds of knowL8dg8 and expertise- to tackl8 the
Issues we face. That's why SMK works to connect the diverse campaign
Communities wo S8rvo, to deep8n solidarity and unL8ash pow6r for change.
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SMK National Campaigner Awards
SMK'S founding actlvltywas to estabLish an annual awards ceremonythet
could celebrate campaigner5 and chan£e-maker8, and this remains a core
part of ourwork today.
The Awards are one of the ways we demonstrate and celebrate the value of
C8mpaignlng. They bring change-makers together to showcase the very best
camp8lgns and camp818ners. share and build Icnowledge for effectlve
practice and grow soLidarity and find common cause amongst the campaign
community.
This year. the Awards ceremonytook place on Wedne8day 15 May 2024 at
Central S81nt M8rtlns. London with over 200 guest8 (our Larg68t Awards yetl
wlth one of our newest partners, University of the Arts London (UAL). The
shortllsted nomlnees were drawn from across civil society including
Sndlvlduals and cBmpalgn groups, all with one thing in common, they all
m8de a signlticant contribution to social change through camp8igning. We
ware able to launch a new award cate80ry, co-created with UAL: th8 Creatlve
Changemakers Award. The 8rts were centre stage this year. thre8d@d
throughout the programme Includlng an interval performance, artlst
commlssions and an 8nlm8ted fllm called Change Unfolding.
We continued to extend the r6ach of the Awards through our partnerships
with The Big Issue, as well as placements In Belf8St Live, Irish News,
Business CornwaLI, Morning stsr, Cafe Football, Ekklesla, and The Tablet.
We also produced a short film 'Change Unfoldlng," receivlng 320views. The
Awards on YouTube received 626 views, with 146 watchlng the Livestream.
200 people attended in person at UAL.
We achieved significant social media engagement durlngthe Awards perlod
on our key platforms Instagram, Twitterlx and Llnkedln. The highest Levels of
engagement were on Twitterlx (2,493 engagements, 100.656 impressions,
446 post likes, 122 retweets and and 37 quotes). The Awards contliiue to
drive great engagementwith our website, over this period Award-r6l8t@d
content makes up 40Q/o of most visited pages.
'1 just wanted to reach out and pass on 8 heartfelt thankyou for Last night.
Dolngthis work can be quite Isolating and it was really heartening to
ramember thero aro paopLa outthere doing wonderful, life ch8n8in¢ work. It
wa8 Invaluablo swappingtips and ideas to m8ke thls work feel more
Sustainable. The evant was reallywell hosted and curated. The reception at
the end was also wonderful and gave us an opportunityto meet previous
winners (reallywondgrful and inspiring!)., (Award Winner)
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YEARAPRIL2024TO MARCH 2025
'The story-telllngyou did about the winners was wonderful to experfence and
the way it brought to light the mission and purpose of what SMK exists to
achieve., (Award ceremonyguest)
'Thankyou for an excellent event tonight. Such movlng Stories and worthy
winners. Excellent facilitation. And it was so great to integrate the arLS
.8tud8nts into the 8V6nt in so many creative ways. Thanks again and looking
forward to continu8 collaboration.. (Sponsor)
Tha Awards were supported by Bates Wells. (legal advisers to civil society) for
the fourth yaar. Further cstegory sponsorship included AVAAZ, Blagrave Trust,
Joseph Rowntree Reform Trust, WHICH?, Tenacious Aw8rds and Heatherwlck
Studio. We also received in-klnd design support from Brand Ethos and evènt
production supportfrom Voytek. We are incredibly gratefulto have so many
dedicated sponsors an¢J partners who make the Awards possible.
3. CHAMPION
For an active and resilient civil society, it's vitaLthat People have the freedom
and confidence to make change. SMK protects and champions both.
Campaigning and political advocacy are crucial features of a healthy
democracy. That's why SMK works to protect the space to campaign- calling
on poLiticians to uphold the rightto speak out and clearing away
unreasonabLe barriers.
In the second half of 2024 the dlfficult decision to pause all of SMI<'s poLicy
and research workwas taken as a result of the laclc of funding for this area of
OLir work. This led to two positions being made redundant. In spite of this we
w@r8 abLe to deliver on Gommitments to our remainingfunder the Paul
Hamlyn Foundation vvho awarded £201< to support SMK'S wid8r
'Championing' work in August 2024.
Defendlng UK clvlo space
SMK invested tlme to deveLop Navigating charity Gampaigning: a guido for
trust86s published In autumn 2024 in response to the Year 2 Su￿9Yf1ndings.
This was written to help Board's askthemselves all tha relevant questions
aboutthoir own organisatlons approach to campaigning. It recognises tliat
'campaigning' takes many forms and there is no one 'right' way to campaign
evorycharlty needs to think about what is right for them.
SMK h8Ld a consultation event with the Association of Chairs as part of the
devolopment of the Gulde and worked closelywith the Charity Commi88ion
and Stone Klngto ensure our advice is 80und.
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The Gulde is now freely avaiLable on SMK'S website and has been
downloaded 113 times by 69 users in this period.
Charity Reform Group
The Charity Reform Group {CRG). InitlaLLy supported In 2023 by the PaLJL
Hamlyn FoLJndation and membershlp fe8s, is conv@ned by SMK. It is made up
of national charity leaders dedicated to enhancing ch8rities' role as agents of
change. It shares th8 goal to champion a broad interpretation of charity
campaignin8 within the sector and help trustees and regulators to do the
same.
The CRG publlshed a series of essays {Forces for Good) in November 2024.
Nine CRG members plus Sarah EILiott from NCVO contributed an essay. They
were discussed in draft at a resldential heLd at St. George's House Iii Windsor
on April 8th and 9th 2024. 28 guests spanning all sectors attended including
Molr8 Slnclalr. then CEO 8t Paul H8mlyn Foundation, and senior external
guests Including Lord Gus O'DonneLI. former Cabinet Se¢retary. Patrlck
Butler, Social PoLicy Edltor at The Guard18n. w8s host.
Forces for Good was Launched at an event in Westminster in November 2024.
The event had 72 slgn-ups, Includlng two off iclals from Number 10 and
Secretary of State LIS8 Nandy's Special Advlsor. The launch w88 run 88 a
Thlrd Sector exclusive, which included two comment pieces and a podcast.
The storywas also picked up by Civil Soclety News with a comment plece
published in The fimes. Just afterthe launch. CEO, Sue Tibballs was asked to
join a cros&sector roundt8ble at No. 10 Chalred by Prime Minister K8ir
Starmer and joined by Chancellor of the Duchy of L8nc8Ster. Pat McFadd8n.
Organisational changes have meant that it has not been possibLe for the
initiative to stay undor SMK'S wing. In early 2025: it w8s a8reed that the
Campaigning Research Group {CRG) would 'spin out, as an independent
initiative. We are cui'rently exploringthe most 8ppropriate wayfor the CRG to
continue its operation and influence, incLudlng identifying suitable hostiiig
and governance arrangement.
Campalgns survey
Results of tho 2023 SMKAnnual Campalgner Survey (involving 145
participants) wer8 raleased on 1 May 2024. They showed the toLL that
pressure from all sides is taking on campaigners, leadingthre6-qu8rters to
question whothsr they have the energyto keep going. There was so much to
learn that wg decided to publish a highlights report, Under Pressure,
alongsid9 the full results.
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YEARAPRIL2024 TO MARCH 2025
SMK shered highlights from the Annual Campaigner Survèy. the nfpResearch
report mentioned 8bove, and other pieces of ièsearch at two free State of
Camp81gning briefing events held online in June 2024. One was open to all
and the second was speclficaLLy forfunders.
In Decemberwe launched our 2024 Campaigns Survey, given the limited staff
resource over thls period the survey ran for shorter period, and we wera
unabL& to deliv6r a18unch event. However. foLlowing the 8naly8is of the 68
responses recelv8d, the report was publish8d and shared publicly in February
2025 In Civil Soci&ty Medi8 and Third Sector and with the Charity
Commlssion.
Thè results hlghlighted that a new Government has broughtfresh
opportunltles and disappointments, the barriers of a fractious and polarised
'public square,, the welcome emphasis from first-hand or'Lived' expei'ience,
challenges with effective collaboration and maintaining momentum and
morale.
4. ORGANISATIONAL DEVELoPmE￿r
Solldarlty & EDI
SMK exists to help everyone who wants to make lasting social change. But we
know that the interGonnected systems of inequaLitythat exist in society are
replicated in organisations, Like ours, that are tryin8tO Ghange them. During
2024125 we Gontinued to impLem8nt our EDI Strategy through the delivery of
our related action pLan under four l<ey workstreams.
1: Commltment to SotldarFty and EDI: SMK took steps to shar6 our
strategic commitment to solidaritythrough1<8y messages across ourwebsite
and new blog seri6s 'Campaigning in SolidaTity'. EDI workwas integrated into
key gov6rnance documents including the Charity Risk Register and Trustee
Coda of Conduct. We took a posltive step forward in seGurlngfundingfor
external anti-oppression consultancy with JRCT, an outLine sch8du18 of work
was drafted, this worl<was then paused due to the signifiGant shifts in
organisationaL structure and staffingto be taken up again with the interim
CEO in 2025.
2: People and Culture: SMI< successfully piloted the use of blind recruitment
via Linkedln. In order to reduce unconscious bias leading to changes in staff
recrultment processes. Where posslble dlverse interviow panels w@ro fieLded
and candidate diversity data was captured for monitoring purposos and kopt
separ8to from the recrultment proces8. 2024 al80 saw the successful
recruitment of six new Trustees wlth diverse skills and experionce.
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TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEAR APRIL 2024 TO MARCH 2025
3: Support for Changemaker8: Accessibility guidance foi all tralning and
events was Greated by the staff team ready and tested with Associates. We
sought advice and expertise from partners and clients working with
minorit188d communities such as the ROSA Foundation and ParalympicsGB
to increas8 the accessibility of ourtraining offers. We took. st8PS to review and
improve accessibility for our National CampaignerAwards. on8 of ourfew
in-person events. SMK continues to follow best practice with website
8ccesslbility as follows:. best practice in appropri8t8 US8 of imag8 Alt tsgs,
adherinffto suitable colour contrast ratio betweon fore8round and
b8ckground elements, use descriptive anchor text in links. so that they make
sense in all contexts and SMK'S webslt8 is aLso given periodlc reviews using
accessibility assessment tooLs such as WAVE, whlch have helped identify
code structure issues such as Headings, menu skipp6rs and Arl8 tags.
4: Our volce and convenlng: In 2024we revised our comp8nsatlon for content
contributors and judges to ensure that those who 8r8 not in 8StabLished
organigation are p81d for thelr time. We launched an online cominunity
noticeboard to connect and champion 4: Our voice and conv8ning: In 2024
we revised our compensatlon for content contributors and judges to ensure
that those who are not in est8bLislied organisation are paid for th8ir time. We
launched 8n online community noticeboard to connect and champlon
dlverse campalgners. We developed 8 range of policy and advocacy project
proposals to work in solldarltywlth mlnoritised communities in our advocacy
wod<, but majority of advocacywork remalns unfunded. Where we h8ve work
funded (mainly Charlty Reform Group) we are ensurlngthat any discussions
and events include diverse voices.
Communlcatlons
SMK continues to develop 8nd grow its brand, profile and vlsual Identity in new ways
acro88 alL channeLs, platforms, eventg and programme areas.
We have continued to update our corè messaglng frameworkthat has
allowed us to express ourwork and values In a way that is consistent and
reLevantto our core audi8nces. Thg new messaging frameworl<was agreed
eailiarthis year and was incorporated across the website through new
content and dasigns across all main and sub navigation pages. As part of the
websit6 project, a Community Noticeboard, an Awards gallery, a Frae
Campaign Tools paga and a new sub section called BuildingSoLid8rity in
Social Change hav8 boon launched.
Page 15

TRUSTEES REPORT ANDACCOUNTS FOR FINANCIAL
YEAR APRIL 2024 TO MARCH 2025
We contlnu8 to dlversifyour marketing. create new asset designsl layout,
seeking out best practice and trends. and growing new channels such as
opening a Bluesl<y account. We completed and implemented res8arch Into a
praGti¢al shortterm digital work plan. The aim of this was to improve SMK'S
dlgltal marketing approaches and channels In the interim utilising the
research phase that underpins the work. Th8se improvements will support
th13 longer-term digit8l marketing strategyfor next year. The two strands of
workw8re: dlgltal h8alth and social media chann8L8 review. Thls led to a
fresh 8pproach to contant creation. sociaL m8dia engagement and what
ch8nnels we wantto refocus our efforts on such as Lin1<6dln. W6 also agreed
to keep SMK'S Twitterlx account open but not act6V6. Thls wa8 because,
despite a peak durlng the aw8rd8 season, itwas achieving little to no
engagement and as outllned above we decided to focus capacity on othei.
channels ty4Juch as Llnkedln and Bluesky.
Dlgltal improvements around SEO and the website have been implemented
and wlll continue. Al is a priority area for SMK to develop so the
communications team have been researching bost practice including ethical
coiisiderations. We also conducted a staff session on Al to gathervievvs from
the team to support the direction SMK'S decided to take v¥ith the fast
emergence Df Al.
The senior management team collectivety worked on an audience review and
development strategy that was completed in September 24. This work
continues into the iiext financialyear. This work is informingthe new
GommuniGatlons strategy/pLan as part of SMK 'community' so that we can
improve howwe stay connected and give voice to their campaigning work.
Staff changes
Thls year SMK staff team has decreased in size ￿th the followlng departures:
RLJmmena Begum Digital Marketlng {FIT)~ left November 2024
Sue Tibballs, CEO {FQ - left February2025
Kathleen Christie Head of Progr8mmes IF￿)- Left March 2025
Larna Massey Operatlons and Systems Manager (3 days p/w)- left March 2025
The fotlowlng roles were made redundant In Spring 2025:
Chloe Hardy, Dlrector of POLICY & Comms (4 days p/w)' February 2025
Projects Officer Fll}; Seth F8rsides Policy & Research Officer (FIT) December 2024
Sarah Thomas, Head of Power & Participatlon {FIT} March 2025
Page 16

TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEARAPRIL2024TO MARCH 2025
The Board recruited an Interim CEO, Katie Roberts, whojoined SMK In March
2025, on an initial six-month contract. Working 81ongside Katio is a cor8
team of one full-time staff menib8r Emma Boyd. Head of Marketing &
Comms (FIT) and one part-time staff Me8an Poyiadzis. Events & Programmes
Manager 3 days p/w}; both on p6rmanent contracts.
Financial Review
Total income for the year was £543.332 (828.425 In 2023-24), This significant
drop was felt across both r6Stricted and unrestricted incom6 and was due to
the end of severaL muLtI-year grant funded programmes and a f8ilur8 to
replace these wlth new programme or new donor relationships and 8 25%
d8croase in Trading Income. Th8se fund8rs and proj8CtS 8re listed in the
accounts (Note 3).
Total expenditure amounted to £612.384 {761,082 in 2023-24). Totalfunds
at the year end were 259,217 of which £41,792 was restricted (2023124:
£128,269 totalfunds and £101,264 r6Strict8d funds). Th8 fall in expenditur6
lagged behind the fall in income due to staff redundancy costs and 8n
increa86 in consultancyto ensure that projects were deLivered within a
reduced staff te8m. The seven redundancie8 8nd resignations tool< part in the
second half of the ye8r, with all but two in Qu8rter Four.
Th18 does mean that SMK'S re8erves gt year-end are lower than our policy
recommends. Whlle re6rettable. trustees are content they wlll be restored as
the newly ￿bUfjlt te8m have spec.lfic skills in fundralsing and developing our
traded Income.
R8seNes Policy
The Dlrectors of SMK take the view that a re8eNe Should be held sufficientto
pay notice perlods for aLI staff plus any other Li8bilities re. rent or other
suppliers in the event the charlty has to wind up.
SMK'S head oount fluctuated throughout th8 year, eventLJally Significantly
decreasingthe cost of liabilities and the figure of £60K, agreed in th6 previous
financialyear as 8 reasonable level of reserves proportionate to the Ch8rity's
income, was not revlsed. The Directors of SM Trading do not believ8 It
)ecessaryto malntain a ReseNe beyond worklng capital necessaryto meet
current Ilabilities. Recognislngthat it Ss very unlikely the charitywlll have to
wind up at no notice, and that some wind down costs could potentially be
covered from other sources.
Page 17

TRUSTEES REPORTAND ACCOUNTS FOR FINANCIAL
YEARAPRIL2024TO MARCH 2025
Structure. governance and management
Shella McKechnie Foundation18 a charitable company Ilmited by guarantee
governed by Its Memorandum of Associallon as adopted at the extraordinary
general meeting on 21 st February 2005. It Is registered as a charity ￿th the
Charlty Commission and as a Companywith Companles Hous8. Pay and
remiin6ration of staff is determined In accord8nce with SMK'S pay &
remuneration policy. As a very smaLI employer, there are some Icey principLes
that undFJrpin SMI<'s approach to pay and remuneratlon:
It must be simple and straightforward to adminlster
It should be flexlble, recognlsingthat SMIC'S iricome can fluctuate, and
that organisational needs can ch8nge
li must refLectthe values of the organisation
It must be In line with best practlce In th8 Sector
During 2024125 st8ff pay leveLs and a one-off cost of Ilvlng payment were
discussed at the June 2024 Board. A one-off payment of£500 per staff
memberwas 88reed, howeverth18 was not awarded due to the deellnlng
flnancial sitU8tion of the organ5sation.
Appolntment of Truste68
OurArticl8s of Associatlon provid8 that SMK may have no l8SS than thi'e8
trustees but it is not subjectto any maximum.
SMI< uses a transparent and fair method when recruiting new trustees. We
advertise alltrustee vacancies, and they are open to anyone who wishes to be
a trustee. From time to time the Board may call for trustees with specialist
slciLls and experienc8 that it Identifies is needed for the effective governance of
the organisation.
The process is trustees, and applicants for trusteeship are asl<ed to make
their application in writlng and to attend an intervlew. Duringthis tim8, each
applicant and interviewee goes through the same process. We also appLy our
equal opportunities policy to trustee recruitment.
Each new trustee received an Introduction pack and an Induction to the
organisatlon, and support is readily avallable from the Officers of the
org8nisation.
The board of Trustees meets reguLarLy and there were 5 full Board meetlngs
heLd during the year (2024125}. Thg R680ufGes Subcommittee met once and
Trustees attended a Strategy Away Day in July 2025.
Pag618

TRUSTEES REPORT ANDACCOUNTS FOR FINANCIAL
YEAR APRIL2024 TO MARCH 2025
The present memtjers are listed in thls roport on page 3.
The following changes in trustees occurred duringthis flnanclal year:
Richard Lane, Stuart Davis and Zainab Ali Khan all stood down and
have all been reappointed to the board atthe December AGM.
Anthony Burton, Alex Kent, Juliet Can, Sami Gichki, Emilija
Rudzinskaite and Gillian Lazonbywere 8ll Go-opted on to the
Board in Summer 2025 and formally appointed at the AGM in
December
l<imberly Garande r8slgned December 2024
Deborah Doane reslgned January 2025
• Pete Moorey resig'ned June 2025
Stuart Dav18 rp8igned June 2025
List of Truste98 is In Page 2 Leggl and Admlnlstrative Informatlon.
Mpmbers of the Trust guarantee to contrlbute an amount not exceedlng £10
to the assets of the charlty In the event of wlndlng up. The total amount of
such guarantees at 31 st March 2025 was 11 (2024: 7).
Rlskststemont
The truste88 and staff jointly revlewed th8 possibl8 risks f8cing the
organisation during the year, supported by a risk reglster. Therpfore, they
wore awar8 of the major rlsk8 facingthe charity and are taklng adequate
steps to protectthe charity. The major risks are related to the nature of the
worl< within which tho charity supports through grants and awards and the
use of appropriate volunteers and people who support the charlty.
Audltors
Fletcher & Partners wer8 r8-8ppoint6d as tha charltable company's auditors
at December AGM.
Small company provlslons
This report has been prepared iii accordance with the speclal provisions for
small Gompanies undgl Part 15 ofthe Companies Act 2006.
Page 19

TRUSTEES REPORT AND ACCOUNTS FOR FINANCIAL
YEAR APRIL 2024 TO MARCH 2025
Trustees, and Dlrectors, Responsibillties
The dlrectors are responsible for preparlnEthe directors, report and the
financiaL statements in accordance with applicable law and regulatlons.
Company t8w requlres the dlrectors to prepare fin8n¢lal statements for
each financial year. Under that law, the director8 have el8cted to preper8
the financiat statements In accord8nc8 With United l<ingdom Generally
Accepted Accounting Practice (United Kin8dom Accountlng Standards and
appllcable law}. Under company lawthe directors must not 8pprove the
financial statement8 unless they are satisfied that they give a tru8 and falr
view of the state of aftairs of the company and of the profit or loss of th6
companyfor that period.
In prepartngthese fln8nclaL statements, the dlrectors are r8quired to:
select suitable £ccountlng pollcles and theii applythem consist6ntly*
* make Judgements and estimates that 8re reasonable and prudent:
state whether appLicable UK Accountlng stsndards have be6n followed,
subjectto any material departures disclosed and expLained iii the
finanGial; and
prepDre the financlaL statements on the going concern ba8is unless
it ib inappropriate to presume that the company wilL continue in
business [included where no separate statement on going concern
is made by the direGtors].
The directors are responsible for keeping adequate accountlng records th8t
are slifficientto show and explain the company's transaGtions and disclose
with reasonabl8 accuracy at any time thp financial position of the company
and enable them to ensure that the findncial statements comply with the
Companie8 Act 2006. They are also responsible for safeguarding the assets
of the company and hence for taking reasonable steps for the prevention and
detectlon of fraud and other irregularities.
In accordance with company law. as the charitable company's trustees. we
oertlfy that so far as we are aware, there is no relevant audit information of
which the charitabLe company's auditors ale unaware, and as tru8tOGS of the
cherltable companywe have we have taken all the steps that WB oughlto
have taken in order to make ourselves aware of any rel6vant audit information
and to establlsh thatthe audltors are aware of that information.
Approved by the trustees on 08/1 Z/2025
and signed on thelr behalf by
DAVID
7r<gAsL)ft&K
Page 20

ILA mCK￿cHNIE F
NDATI
INDEPENDE
DITO]LS' REPORT.
'riES OF TTrIE
llEILA MCKts CIINIE IIOUNDATI
'0 THII T
Oplnlon
We Ikive ¥iudited the fiiiai)cial Staten￿lts of the Sheiln McKechiiie Fffl￿datiOn (the"FOund<￿Ion,) f￿. the vear ended 31 Decenl)er 21125.
hicli coinpi'ise the Slaiemont of Fin&ThLial AGlis'itie4 the Baldnce Sheel, the C1￿)flo￿ s￿t￿llenL and notes lo tlio finw]CIc￿ slalements.
lli¢luding a sun)nMry of si8nifi¢ant &¢¢ouThts'llg policies. The financial reporling fi.￿￿￿*.0r￿ thai has been applied in their preparation is
applicable Itll￿ and Uniled Kingdoni Accounting Slalldards. includtt)g Financial Roporting Stsndai'd 102.. The Financial Reporting
Sh￿ld￿l'd ai)plicable ill the UK and Republic orTre1w￿ (Ui]ii¢d Kiiig,doiii G￿ler￿lI1, Acwted ACCO￿till& PnoÉice).
Ill our opmiory Ihe fitm1cl￿ sl&tenwils:
i) gil? a trne and fail i"ieM' of the stste of the Fowidalion's A'ITaii's as at 31 DeceiDber 2025 and ot its in¢(Ane and oxp¢ndituro"fortho
then ￿lded.
ll) liave beeii pi'operlv prq)areJ iii a¢coYdanc¢ willi United Kingd(m GaieTllll3' AL¢¢pÉed A¢coLikihn8 PIactice:
iii) have been i)I'epai-ed in accordance iiiili ihe reqiiireinents ofihe Charilies Act 2011.
Basis lor opiiiioll
We ¢Trnd￿ted our audiiin ac&wdan¢e wilh InÉe¥nfjlitH)al Sltu￿￿rd* on Auditing (UK) IISAS (UK)) and AppliGfjLilo JAW. Ow.
responsibilAlies uild￿ tt)ose stand&rds w'e fwti*r d¢5cKibed in the AudAloi 8 re5ponsibilitie5 for the ￿ld1t of llie fit￿￿¢1￿[ Stateinwts
seGtion of i'eporL We ftre independent of the Foill)dati(Mi tn FJccordan¢e wiÈl) the ethical requiYement$ that ar¢ rel¢3'8nt to oth. audii of
tli¢ fiiwllct￿ 8ltttenwils in dle UK including the FRC'S Ethical Stalldttrd, l￿d liaY¢ fthfilled our other ethic￿ iE$ponsibilities
c¢ordanre %*ilb theoo r¢quironJeuts. We b¢li¢v¢ Ihui Ihe audii evidence have obtuined is sufft¢ient and appmi)rialE ts) pi'oTri(le a bllsis
fo[ ovr opinion.
Con¢liision$ to going concern
Iii auditing the fTrntu]ciol slatemell15. Ive h&i'e wncluded IliaÉ the trusteBs' Use of thc going c(Trllceiii basis of a￿oul1ting li) the prep2waÉion
of the fIn￿)cial sÉaten]ents is twiii'opriate.
Baged oil die ￿'￿'k have p￿fornIed, we bave not identified Imy m(it¢rial un¢thtsiiiti¢s Yela1inLI lo ovents or c￿lditIO￿$ IliaL inth'vidiMIIJ'
or collectivelv, cnst signtfi&Tht d()ubt (Ai Ihe th￿1£Y""8 ￿1]ity lo colltinue 9$ a going coiicern for & period of at least hi'elve M￿lthS
fromM'.heii the £￿&￿tI&l slalemenl$ aro aiithori8¢d forissue.
Our responsibilities w]d th¢ r¢sponsibilili¢s of the tTu3iees Thith te5PECt to gois)g conc¢Jn llre de5cfAbed in the releTr&nt sections of this
report.
Other iiiformAtion
Tkn Irust¢¢5 are I'n5p￿￿Ibl¢ for thè iD£orllwtion. The olh¢r infornwtson rompriw the inloill)alisJll inGlud¢il iii Ihe anuuai ¥eport
ther tliaii the f￿an¢1￿1 $14lEillqnls th)d oui. aiiditor's Teporl ther¢oll. Oui 01)iniiJn (m finfinc1￿ Slaten￿lS does not cover IE]e othei.
iiifotmation and. exc¢pl to tli¥ oxt¢nt otli¢rwi$e &iplicitly stated in oiv repoit. do noi expresy tu)), of fb5SW'ance con¢lu$ion
lI￿reOn.
lil corniectioii ow" aiidit ofilie finaDciaE stutemenls. our responsibilitF' is to re&d die other ii)fomialion and: irt doii)g so, c(M￿ld￿r
,hether th¥ other informulion is inat￿.1￿11Y illCOllsisLent WAih lh¢ fllwi¢iol Si&l¢iu¢nts ￿ our knowledge obiftiiied in ihe audil or othei'H'ise
appears to be inaterialls, misslatd. .Tfive identify sudi I12nt￿.1&1 inconslytei￿Les OT 6lppareJM mat￿.1￿1 Jnisslatenuils. Th'e aro ieqiiired to
deteimtne M41etlier there is U Enateri&l m￿State1M¢llt in tho finllrt¢io1 sluteinents oj. a mftteiia] misstntement of the other iiiformati￿1. If.
based ￿1 tIie ivorL we h81'e p￿.[￿rtne& i¥e ¢￿]￿ude tbat th0re 15 11 Iniitei'ial misslalemolll of Illi8 Otl)ei' inforDmtion, Ive are irquired to
Irport thal facl.
Wo nothin¥ to report in tliis regard.
Page 21

'riiE SHEILA MCKECIINIE FOUIYI)ATION
INDEPEI NDENT AUDITORS, Rll PORT
I*E TRIISI'rtE '
SklEILA
I<KcIINIL
Matters on which ive llre required ts i'epDrt hy ex¢eption
W¢ have nothi1￿ to rei)ort Ill respect of tbe followi118 llmtters iii re]ation to which tbe Ch*rities (Accounts l￿d Reports)
Regulatio￿8 2008 requi￿ lis to report to you ic in our opuiion..
i) the iiifoTinatiors giveii ill the Truste¢s' Alliiual Report is il)COiISi8t¢nt in any nlatsrial respect witli the fill￿1claI
statements. or
ii) tlie charAty has iiot kept sutyicient accountillg r¢¢ords; or
iii) the fjnancidl gl'atenieiits aré iiot in w'eement with the accoEintiiig records and returns. or
iv) we have not received all the infoi'mation &id explanations we Yeqiiire fi)r oui. aiidit.
lknsponslbllilles of tbe trustees
As explained inore fiilfy in the trLiStees' responsibilities statemenl oil page 6, the tsiistees are responsible for th¢
prep￿ation of tlie fin#n¢ial stateL11ents and foi. beit]g sati¥fi¢d thtti fh¢y give a Iriie wid fair VAew. and for 511knh iTrfrrJal
control as they detei'miiie is iiecessary to enable tlie preparation of fillancial ststeinents that are free froin ma*ei'ial
Inisstaten*llt. wqiether due to fraud or error.
ltt prepaTii)g the finatscial stateni8nLs. the trustees are responsible for assessi1￿ tlie Fouiid&tioii's abi]ity to conliijutt as a
going cOnc￿n. dis¢losing, as applicable, Inatters related kn gt)ill￿ concen) and usiiig tlw going ¢oi)¢eru basis of aG¢oullling
iilllegs the trustees either intend to liquidats the f+0￿)datio11 or to cease oi)erations, oy have no realisti¢ alt¢mative but to do
50,
Aiiditorfs i'esponsibilities for the audit of the fAnallcial statsments
We bewi appointed auditOTS ithdei. 5.144 of th¢ Charities Act 201 l and report in accordance with regulatioiis inade
linder s.154 of that Act
Oui. objectives are to obtain reatsonable assurance abolit Mtheiher tlie financial ¥tatsinents as <1 whol¢ ar¢ fr¢o from mat¢iiMI
misstatement. Mthether due to fraud o¥ error, and to issue an auditor'$ report tI￿t includey oui. opillion. R¢ason8bl¢
assur2tnce is a higli level of assurance, biit is not a guarantee that an audit coiiducted in accordance with ISAS (UIC} will
always det'ect a nEatsrial inisstatement wheii it exists. Misstatements can arise frum fraud or error ￿ld ai¢ coJisid#r¢d
ID&tei'ial if, indiwidiiully QT ITh the aggi'eyits, they ¢ouLd J¢¢sonably be expected to Anflu¢n¢e the ¢wnomiG dE¢isioi]s of
seys tukeii on tlie basis of these financial statements.
lffesul￿lties, incliiding fraud, are instan¢es of non-C4)inpli&ice with laws and regula.tions, We desigD procedures in lllie
with oui" respoiisibiliti&8. Outlined above. to detect material misstateiiienls in respebt of I￿egUl￿?tie￿ llicluding fraud. The
extent to wliicli oiw procedures ￿e capable of d¢t¢¢tti)g ii'i'egulariltes. ixidiidÉi￿ fraud is detsil¢d bolow.
Identifyi'ng and assessing i'isks related to ii'regularities:
We assessed the si￿CeptIbIlity of the charity's f￿anCial statement5 to AJAtei'ial i3]I￿tateMent and Iiowfraiid nught occur.
illcludiiig through discussions willi the trustees, discussions witliin our audit teaiii planniiig meeting. updatillg our record
of inte,rnal wntrols aJ)d ensui'ing these controls operated as tntwided. We evaluated possible incentives and opportuniti¢s
for fi'audulent m&nipiilation of the financial sl'atemeiitB. We ideJ]tified laws and i'egulations diat are of signifi¢w)¢¢ in the
context of the chaTity by discLissions with triistees and updatiiig ow. unilerstandtng of d]a sector in which the diarity
perutss.
L&ws and regulatioii$ of direct siwiificance iii tlie context of the Cliarity in¢lud¢ the Cl)arities ACÉ 2011. tlie cl￿rItieS
(AcCol￿ts and Reports) Regthations 2008 and gL)idat￿e issued by Éhe C]wity Commission foi. EttBl&)d Aiid Wales.
Pag8 22

THE SHEILA MCKECHNIE FOI'INDATION
INDEPENDENT AUDITORS, REPORT
TO THE TRUSI'ELS 'I'HE SHLILA MC.KLCHNIL &"OUNDA'I'ION
CONTINUED
Audit response to risks identified..
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related
financial siatement Iteins including a review OF financial statement disclosures. We reviewed the charity s records of
breaches of laws and regulations. minutes of Ineetings and correspondence wilh relevant airthorities to identj.fy
potential rnateri￿ misstatemenls arising. We discussed the char]ty's policies and procedures for compliance wilh
la￿S and regulaliolls with members of management responsible for compliance.
During the planning meetinLy Wlth the audit leanL the engagemeiil partner drew attention to the key areas ithich might
involve non-compliance with la￿5 and regulations or fraud. We ¢iiquired of management thether they were aivare of
any instances of non-eompliance with laThs and regulattons or knowledge of any actual. suspected or alleged fraud.
We addressed the 115k of fraud through managetnent override of controls by testing the appropriateness of journal
entries and identifyin¥ any si¥nificant transactions thai were unusual 01 outside the nornd course of busin¢s5. We
assessed thether judgemenrs made in maL-ing accounting estimates gave rise to a possible indication of n)anagement
bias. At the completton stage of the audit, the engagement partner's review iiicluded ensuring that the team had
approached iheir ￿￿[k wth approprtate PFofe55ionai seepticisin and thus the capacity to identify non-compliance
th laws 8lld ie¥ulattons and fraiid.
There are inherent liniitations in the audit procedures described above and the further reinoved non-compliance Mith
lawE aJ)d regulations is from the events and tran5actiOllS reflected in the financi￿ statements. tlie less likely we ￿Uld
become aware of it. Also. the risk of not detecting a material misstatenient due to fraud is hiuJ]er than the risk of not
detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or
intentional mtsr¢pr¢sentations. or ilirough collusion.
A fiffther description of our responsibilities for the auth't of the financial statements Is located on the FRnanciai
Reporting Council's websile at..
-1s'11-.frc.or
This description forms part of our auditor's report.
Use of our report
This report is made solely to the Foundation s trustees, as a body, in ac¢ordance with Part 4 of the Charities
{Accounts and Repons) Regulations 2008. Our auth"t work has been undertaken so that w¢ IniU)I stale lo the tn￿lee5
dios¢ matters we are required to state lo theiii in an auditor's report ajid for no other purpose. To the fullest extent
pennitted by law, we do not accept or assume responsibility to anyoi)e other than the clianty &id ihe trustees as
body. for our audii work, for th15 repor( or for the opinions we have fomied.
James Fletcher. Senior Statutory Auditor
for and on behalf of Fletther &. Partners.
Chartered Accountants and Statutory Auditors
Clo￿￿ Chambers
Bridge Street
Salisbury
Zc7ZS
Page 23

Ll
F FINAN
for the year ended 31 Marth 2025
IA
IN
RPORATI
G AN INCOME AND EXP
DIT
NT
GROUP
un￿trkted Resvlcted
2025
2025
GRCKJP
TOTAL Unrestrlcted Restricted
20Z5
2024
2024
TOTAL
2024
Note
INCOME,FROM:,
Donatlons and legacies
Charltable actlvities
876
2,000
415.433
2,876
653,183
145,000
129,833
259,435
404433
129,833
237,750
Other tradlng actlvlti
TOTAL INCOME
172,366
172,366
279,899
263,435
S43.532
410,992
417,433
828,425
EXPENDITURE ON:
Chailtabltr uttivitie&
189,479
322,905
413.433
347.650
761,082
TOTAL EXPENDrruRE
289,479
322,905
611384
413,433
347,650
761,082
NET (EXPENDITUREI/INCOM£
(9,5801 159,472) (69,0521
(2,4411
9,783
67,342
Tt4hsler lJ#tween fvnds
765
176SI
NET MOVEMENTIN FUNDS
19,5801 159,472) 169,052}
11,6761
69,018
67,342
Fund balancss brought forward
27,CKIS
101,264
28,681
32,246
60,927
TOTAL FUNDS CARRIED FORWARD
17,425
44792
59,217
27.005
101,264
128,269
The ststement of financial activities intlLtdes all gains and losses recognised durlng the year
All incgme ind expenditure derive from contlnulng actlvities.
Page 24

CONSOLI
ATED BALANCE SHEEr
at 31 March 2025
GRL￿p
CHARITY
2025
2024
Notes
2025
2024
FIXED ASSETS
Tanglble assets
Investments
1,205
4,341
1,205
4,033
4,S41
4,034
CURRENT ASSETS
Social Investment
Debtors
Cash at bank and In hand
io
li
12
13,000
37,379
59,730
10,000
84,103
95,153
47,247
93,657
102,229
135,877
140,905
288,106
189,256
CREDITORS: 8mount5 falling due
wlth5n one year
13
182,893) 1114,178}
{52,099) (65,0231
NEf CURRENT ASSErs
58,012
123,928
58,011
124.232
14ET ASSETS
FUNDS
Restricted
Unrestrlcted
59,217
128,269
59,217
128,267
15
15
101,264
27,005
41,792
17,425
101,264
27,003
17,425
TOTAL FUNDS
59,217
128,269
59,217
128,267
rhe cornpany was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
companies but as this company is a charity, it is subject to independent exèmlnatlon under the Charlties Act 2011.
The members have not required the company to obtain an audlt In accordance wlth sectloTh 476 of thÈ Companlès
Act 2006,
The dlrectors acknowledge thelr responslbllities for complying wlth the requlrements of the Companies Act with
respect to accountlng record$ 8nd the preparation of account5.
These accounts have been prepared in 8CCDrdance with the provlslons appllcable to small companies subleet to
the small companies regime and in 8ccordance wlth SORP FRSIO2.
The flnanclal Statements were approved and outhorised for issue by the Board on
on It5 behalf by:
8/11/25
and slgned
PhvID WA-D8
TZ&hSu£&
Page 25

CONSO
IDATED STATEMENT OF CASHFLOWS
as at 31 March 2025
GROUP
2025
GROUP
2024
Notes
CASH INFLOW FROM OPERATING AcfiviTIES
14
142,2201
143,4301
NET CASH OUTFLOW FROM INVESTING ACTIVITIES
NEf INCREASE/IDECREASE) IN CASH AND CASH EQUIVALENTS
(42,2201
143,430)
CASH AND CASH EQUIVALENTS AT THE START OF PERIOD
135,877
179,307
CASH AND CASH. EQUIVALENTSAT THE END OF PERtOD
93,657
135,877
CASH AND CASH EQUIVALENTS CONS15fs OF:
Cash at bank and In hand
93,657
135,877
Page 26

S TO THE CONSOUDATED Accoubirs
COMPANY STATUS
The Shella McKechnie Foundatlon Is a prlvate company limited by guarantee and has no sliare capltal. The
Ilablllty of each member dDes not exceed 210. It Is a charlty reElstered in England and Wales Ireglstrntion No.
1108210), Scotland (Reglstration No. SC0442071. Its tompany reglstratlon number is 05331412 (England and
Wales). Its registered address Is Crown Chambers, Brldge Street 5allsbury SPI 2LZ.
Shella McKechnie Tradln8 Ltd Is a prlvate Ilmlted company wlth a nominal share capital of Fl. Its Company
regIStra￿on number is 13248880 {England and Wales). Its registered address 15 Crown Chambers, Bridge
Street, Salisbury SPI 2LZ,
AccouHfiNG POLICIES
The princlpal iccounting policies adopted, Judgrnents and key sources of estimatlon uncertalnty In the
preparation of the tinancial ststements are follows.
Basis of Prepa¥ing Financial Statements
The Sheila McKechnie Foundation constitutes a publlc benefit entity as deflnéd by FRS 102. The flnancial
statements hav8 been prepared In accordan￿ wlth Accounting and Reporting by Charltles.. Statement of
Recommended Pr4Ctice applicable to charlties preparlng thelr accounts In accordance thp Financial
Reportlng Standard appllcable In the UK and Republlc cf Ireland Issued In October 2019150RP FR51021, the
Flnan¢ial Roportlng Standard appllcable In the United Klngdorn and Republic of Ireland (FRS 1021, the
Charlties Act 2011, the Companies Act 2006 and UK General￿ Accepted Accounting Practlce that 15 SORP
FRSIQ2.
The Shella Mcl<echnle Foundation meets the deflnltlon of a publlc beiieflt entlty under FRS 102. Assets and
Ilabilltles are inltially recognised at historlcal cost or tran5actlon value unless otherwise 5tsted in the
relevant accountlng pollcy note.
Preparation of the accounts on a going concern basls
The trustees Consider that there are no material uncerteinties about the charltèble company's 8bilty to
continue as 8 going Concern,
The trustees have mède nD key judgments whlch have a 51gnrflcant effect on the accounts.
The trustees d¢ not consider that there are any sources of estimation uncertainty at the reporting date that
have a signifi¢ant rlsk of causing a material adjustment to the carrylng arnount of assets and Ilablllties
withln the next reportlng period.
Page 27

NOTE
TO THE CONSOLIDATED ACCOU
lftcome recognition
Income is recognised when the charlty has entitlement tp the funds, any performance conditions attached
tc the item(s} of income have been met, It is probable that the incorne will be received and the amount can
be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenud grants, is recognised
when the charity ha5 entltlement to the funds, any performan￿ conditlons attached to the grants hove
been met, It h probable that the Income wlll be received and the amount can be measured reliably and is
not deferred.
Intome recelved In advance of a provlslon of a speclfled servlce is deferred until the crEterla for Income
recognltion are met.
Voluntary incorne comprises all incoming resources from donatlons and gift ald.
Charltèble activltles comprlses Incoming resources from grants and charltsble trading.
Investment Intomé Is BaNk Intérest a¢counted for a reEalvable basls.
other Income comprises Ineome from non-charitsble tradin8.
Expendlture
Expenditure is recognised when a liabillty is incurred. Contractual arrangements and performan
related grant are recognlsed as services ère supplied, Costs of generètlng funds are thosÈ costs
incurred in attracting voluntary Income. Charit8ble 8ctlvities CoMpr￿se those costs incurred by the charity
Fund a¢countlng
Unrestrlctsd funds are avallable to spend on aetlvltles that further any of the purposes of charlty.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion
to set asÉde to use for a speclfic purpose.
Restricted funds are donatlons whlch the donor has speclfled are to be solely used for partlcular areas of
the charltvswork orfor speclfic prcJects belng undertaken by the charlty,
Tangible fixed assets
All fixed assets are initially recorded at cost and are depreciated over their estimated useful economlc lives
an a straight line basis as follows:
Computer equlpment
Flxture$ and flttln8S
33% on a stralghtline basis
33PA on 4 Stralghtllne bèsls
Debtors
Trade and ather debtor5 are reccgnised at the settlement amount due after any trade dlscount offered.
Page 28

STOTH
CONSOLIDATED Accourirs
Cash at bank and in hand
Cash at bank end cash in hand includes cash and short term highly liquid investments with a short maturSty
of three months or less from the date of acquisition or opening of the deposit or simllar account.
Creditors and provlslons
Creditors and provisions are recognised where the charity has a present obligatioii resultlng from a past
event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the
obllgatlon can be measured or estimated rèllably. Creditors and provlslons are normally recognlsed at thelr
settlementamount after allowlngfor any trade dlscounts due.
Flnanclal instruments
The charity only has financial assets and financial liabilities of a kind that quallfy as baslc flnanclal
Instruments. 8aslc fin8nci?l instruments are Initially recognlsed at transactlon value and 5ub5equently
measured al, thelr settlement value with the exceptlon of bank loans whlch are subsequently measured at
amortlsed cost using the effective interest method.
Pènslons
Pension costs represent payments to Individual personal pension schemes of employees. Penslon costs
are charged to the Statement of Flnanclal Actlvltles In the perlod In whlch they are pald.
Redundancy payments
Termination payments are accounted for iii the year in wliich the commitment is made. This applies to pay
in lieu of notice, redundancy payments, and payments under compromise agreement8.
VAT
SMK is not registered for VAT. income and expenditure is ststed gross of VAT as it is not recoverable.
SM Tradlng Is reglstered for VAT; Income and eXpendI￿re Is stated nèt of VAT.
Corporatlon tax
The charlty Is exemptfrom tax on income ond galns falllng withln Chapter 3 of Part 11 of the Corporation
Page 29

NOTES TO THE C
NSOLIDATED AccouThrrs
DONATIONS AND LEGACIES
GROUP
Unrestrlcted Restrlcted
2025
2025
TOTAL
2025
Donations
5,066
4,000
9,066
5,066
9,066
Prevlous reportlng perlod
GROUP
Unrestrlcted Restrlcted
2024
2024
TOTAL
2024
Donatlons
876
2,000
2,876
875
2,000
2.875
Page 30

STOTH
NS
CHARITABLE ACtIVlTIES
NT
GROUP
Unrestrlrted Restrlrted
2025
2025
TOTAL
2025
Grants
Cost of Livlng Grants
John Ellerman Foundation
Joseph Rowntree Charitable Trust
Oak Foundation
Paul Hamlyn Foundation
The Blagrave Trust
Other Charltable activltie5
1,440
1,440
50.000
50,000
203,118
20,000
10,000
69,875
50,000
50,000
203,118
20,000
10,000
35,000
34,875
145,000
259,433
404.433
CHARITABLE ACTIVITIES {Contlnued)
Previous reporting period
GROUP
Unrestrlcted Restrlcted
2024
2024
TOTAL
2024
Grants
Barrow Cadbury
Cost of L5vlng Grants
Global Dialogue/FICS
John Ellerman Foundatlon
Joseph Rowntree Charitable Trust
Oak Foundation
Paul Hamlyn Foundatlon
Trust for London
Tudor Trust
Wikimedia
other Charitable activities
30,000
16,750
30.000
16,750
19,078
50,000
50,000
230,230
26,250
77,500
30,000
18,000
105,375
19,078
50,000
50,000
230,230
26,250
77,500
30,000
18,000
44,375
61,000
237,750
415,433
653,183
Page 31

NOTES TO THE CON50LIDATED ACCOUNT5
OTHER TRADING ACTIVITIES
GROUP
Unrestrlcted Restrlcted
2025
2025
TOTAL
2025
Consultan¢y
Events and training
Misc. commerclal income
52,249
77,385
200
52.249
77.385
200
129.833
129,833
Previous reporting perlod
GROUP
Vnrestrlcted Restrl(ted
2024
2024
2024
Consultancy
Event5 and tralnlng
Misc. commercial income
58,795
112,700
871
58.795
112.700
871
172,366
172,366
Pag8 32

NOTE
THE
ON
LIDATED
CHARITABLE AcfiviTIE5
Unrestrirted Restrirted Total 2025
Staff costs
Project expenditure
Office overheads
Other
221,667
33,507
26,159
2,945
278,482
41,423
500,150
74,930
26,159
2,945
284,279
5,200
319,905
3,000
604,184
8,200
Governance costs
TOTAL EXPENDITURE
289,479
322,905
612,384
Previous reporting perlod
GROUP
Unrestrlcted Restricted Total 2024
Staff costs
Projert expenditure
Office overheads
Grants payable
348,812
35,154
27,067
252,806
601,618
126,998
27,Q67
411,033
2,400
344,650
3,000
755,683
5,41)0
Governance costs
TOTAL EXPENDITURE
413,433
347,650
761,083
Page 33

TEST
NS
LIDA
ouNrs
ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
Bas15 of
appoytlonment
Governance
Total 2025
Audit fee
Governance
8,200
8,200
11,200
8,200
Prevlous reportlng perlod
Basls of
apportionment
Governattte
Total 2024
Audit fee
Governance
5,400
5,400
5,400
5.400
Page 34

NOTES T
THE
ON
ID
TEDA
NTS
STAFF cosrs AND KEY MANAGEMENT PERSONNEL
GROUP
2025
GROUP
2024
Wages and salaries
Social security costs
Employer's pension costs
Consultancy and professional services
Staff recruitment, training and wellbeing
388,509
41,130
17,516
43,223
9,772
473,253
41,606
23,663
59,761
3,335
The total termination payments charged by the Charity for the year 2025 was
£25,233 (2024: £Nil).
One employee received total employee benefits (excluding employer penslon costs) of
more than £60,000.
Band
£60,000 to £70,000
£70,000 to £80,000
£90,000 to £IOO,I)00
2025
2024
STAFF cosrs AND KEY MANAGEMENT PERSONNEL (continued)
-rhe average number of staff employed by the charity during the period was 6 {2024: 91
The average number of staff employed by the trading subsidiary during the perfod wa5
2 (2024: 2)
The key management personnel of the both the charity and the trading subsidiary
comprise of the Chief Executive. The total employee benefits of the key management
personnel of the charity were £87,59412024: £99,047).
Page 35

NOTES TO THE CON50LIDATED A
TANGIBLE FIXED A55ETS
Chailty
Group
Cost ',
At l April 2024
Addltions
Disposals
At 31 March 2025
12,520
13,447
12QOI
{200)
12,320
13,247
Depreciatlon
At l April 2024
CFiarge for the year
Disposals
At 31 March 2025
8,487
2,828
12001
9,106
3,137
1200)
11,115
12,043
NBV at 31 March 2025
1,205
1,205
NBV at 31 March 2024
403.4
4,341
Net bookvalue at 31 March 2025 represent5 fixed assets used for charitable purposes.
Investment in subsldiary
Charlty
Group
At l April 2024
Additions
At 31 March 2025
The investment in the suL)sldiary ¢onslsts of l ordinary Share IIOOYO of the share caplt,all in
Sheila McKechnie Trading Limited.
Page 36

NOT
TOTHEC
IDATE
10. SOCIAL INVESTMENTS
GROUP
CHARITY
2025
2024
2025
2024
Loan to group undertakings
13,000
10,000
13,000
10,000
During the period Sheila M¢Kechnie Foundation provided a loan to Sheila McKe¢hnle Tradlng for the
sum of £13,000. The loan was given interest free andls to be repaid on request.Thi5 has been classed
as a programme related investment by the charity.
Pag8 37

NOT
TO THE
11. DEBTORS
ONSOLIDATED ACCO
NT5
ROUP
CHARiri
2025
2024
2025
2024
Trnde debtors
Accrued donation from SM Tr4ding
Other atcrued Income
Prepayments
25,312
57,216
12,500
2,945
20,000
1,954
39,090
20,000
1,935
44,87S
138
44,875
138
47,247
102.229
37,379
84.103
Page 38

TO THE CONSOLIDATED ACCOUNT5
CASH AT BANK AND IN HAND
GROUP
CHARITY
2025
2024
2025
2024
Cash at bank and in hand
93,657
93,657
135,877
135,877
59,730
59,730
95,153
95,153
Page 39

NOTES TO THE CONSOLIDATED ACCOU
T5
CREDITOR5 . Amounts falllnB due withln one year
GROUP
CHARITY
2025
2024
2025
2024
Trade creditors
Social security and other taxes
VAT
Accruals
Deferred Income
Other creditors
4.348
18,639
8,874
35,451
15,311
270
18,316
11,138
11,115
19,455
53,265
889
2,073
16.078
6,958
9,111
33,724
18,815
29,250
889
224
82,893
114.178
52,099
65,023
Deferred Income
Balantte at l Aprll 2024
Movement in the year
Balance at 31 March 2025
53,265
137,9541
15,311
Page 40

NOTE
TO THE CONSOLIDATED ACCOUNTS
14. CASH INFLOW FROM OPERATING ACTIVITIES
2025
2024
Net income for the year
Adjustments for.
Depreciatlon and Impalrment of tanglble flxed assèts
Decrease in debtors
(Decrease) / Increase In credltors
{69,052}
67,342
3,13Y
54.982
{31,2861
155,214)
160,525)
{42.2201
143,430)
Pag8 41

IDATED
15. MOVEMENT IN FUNDS
Group
Balance at Incoming Resources
Balance at
l Apr 24 Resource5 Expended Transfers 31 Mar 2025
Restrltted Funds
avic Space
A Reformed Civil Society.. Membership
A Reformed avll Suclety: Paul Hamlyn Foundatlon
Oak Foundation,. Hou44
¢lng and homele55ness
JRCT lJroJects
Trusts for London Pollcy Worl<
Wikiniedia
Total Restricted Funds
853
853
38,8?5
138,8751
20,000
126,375}
203,118 1213,0571
1,440
11,4401
143,1581
6,375
50,878
40,939
43,158
101,264
263,433 1322,905
Unrestri¢ted Funds
27,005
279,899 1289,4791
Total Funds
128,269
543,332 l612,384)
S9,217
ANAL YSJS OFNETASSEfs BETWEEN FUNDS
Unresirirted Rostrl¢ted
Fund5
Fund5
Total
Funds
Tangible flxed assets
Wet currént asgets/lllabllltlÈsl
1,205
16,221
17,425
1,205
58,012
59,217
41,192
Prevlous reporthg pertod (restotedj
Group
Balance at Incomiiig Re59ur
Balance at
l Apr 23 Resources Expended Transfers 31 Mar 2024
Restilcted Funds
Civi¢ Space
A Reformed Civll Society- Membership
A Reformed avil Society: Paul Homlyn Foundation
Oak Foundation.. Housing and homelessness
Power Projéct
Trusts for London Policy Worlc
Wlkimedia
Total Restrlcted Fund5
19,078
118,1981
46,375
46,4531
26,250
119,8751
230,230 120B,599
22,500
125,4991
55,000
111,8421
18,000
117,1841
417,433 1347,6501
1271
78
853
6,375
50,878
29,247
2.999
43,158
18161
17651
32,246
101.264
Unrestrlcted Funds
28,681
410,992 1413,433
765
27,005
Total Funds
60,927
828,425 1761,0831
128,269
ANAL YSIS OFNETASSETS BETWEEN FUIVDS
Unrèstrlrted Restllctod
fund5
Funds
Total
Funds
Tangible fixed assets
Net current assetsllliabilltlesl
4,341
22,664
27,005
4,341
123,928
128.269
101,264
101,264
Page 42

Niyr
STOTHE CONS
ID
TEDA
COUNTS
15. MOVEMENT IN FUNDS (Contlnued)
Descrfptlon of restrlrtedfvnds
Reformed avll Soclety Membership
A Reformed Clvll Society Membership: SMK'S Reformed Civil
Soclety Prolert looked at the mle of Chartty leaders within
wider society. The proJect consisted of the formation of the
Charity Reform Group ICRG}, whlch brought together 14 charlty
CEOS. In 2024, CRG published a collection of essays contributed
by mÉmbÈrs entltlèd Forces for Good. Members were
ei)couraged to pay membershlp to contrlbute to tkie running of
CRG.
A Reforme.d Clvll Society
A Reformed Civll Soclety, Paul Hamlyn Foundatlon: The
Reformed Clvll Society project operate5 as above. The Paul
Hamlyn Foundation provlded a grant for the work of CRG. This
grant allowed for Solldarlty membershlps to CRG, the
publication of a guide for trustees around campaigning, and
l@arning èv&nts for Trustees.
JCRT Projerts
JCRT ProSocts'. JCRT provided core fundlng support from 2022-
25. plus an additlonal cost uf Irving uplift at the end of 2023.
Thls contrlbuted across SMK'S work, wtth e partlcular focus on
stratogic revi¢w and planning.
Trust for London Projects
Trust for London provlded a grant towards SMI('s policy work.
Thls work focuses on the role of clvll soclety and combatlng the
redu¢tlon in civic spa¢e in the UK. Thi5 included the
Campalgners Survey, a trustees attltude survey, and leèrnlng
events.
Civlc Space
SMK has been commissioned by a group of funders to examlnè
the growlng threats to clvic space in the UK, and consider how
clvll soclety could be strengthen@d to b&tter rèsist.
Wlklmedl8 ProSects
Wlklmedla Prolects.. Wiklmedia UK provided a grant to SM K for
thé productlon of the Campaigners Toolklt, whl¢h converted
m4tsrials from SMK'S live dollvery into an onllne, frft*ly
avallable resource for campalgners.
Oak Fou ndatlon.. Houslng and homÈlessness
SMK Is bÈlng funded to provide 5UPPOrt to Brantees of the Oal<
Foundation's UK F)rogramme - focused entirely on organisations
worklng to address housing need5.
SMK Is brlnÈing Its Èxpeptlse Ih soclal change and worklng in
solida rity to build the capacity a nd coiifldence of organisatlons
In thls sector. It Is a fivè-yèa r programme.
Power Project
The Power Project Is a Cornerstone funded two-year prolert
that Is exploring wh4t it would look like If clvll soclety In London
was better at sharlng power in pursult of social change, with a
focus on Ilved experience, povèrty Ènd soclo~economlc
Inequallty.
Paoe 43

TO IHE CONSOLIDATED Accoup¥rs
16. TRUSTEES, REMUNERATION AND EXPENSES, AND RELATED PARTY TRANSAcfioN5
Neither the Trustees nor person5 connected wlth thw.m received any remuneratlon during the
year except for reimbursement of trdvel expenses whlch totalled £658 for the year {2024:
£Nil).
There are no donations from related parties which a￿ outside the normal course of business
and no restricted donations from related parties,
No trustee or other person related to the charity had any personal interest in any contract or
transactlon entered Into by the charlty, Includlng guarantees, during the year {2024: nll).
The charlty has taken out an In5uran¢e policy forthe yearat a total cost of £1,823 {2024:
£1,656} which Includes coverfor Trustee indemnity.
17. OPERATING LEASES
GROUP
2025
2024
Not later than one year
Later than one year and not later than 5 years
Lease payments reccgnised ds an expense
372
The Charlty has a license agrement with Slielter roEardinE hot desl<s and meeting
Page 44

IES TO THE CONSOLIDATED ACCOUNTS
18. INVESTMENT IN TRADING SUB51DIARY
The wholly-owned subsidiary, Sheila Mcl(echnie Trading Limlted, which is incorporated
in England and Walesi pay5 its profits to the charity as a donation. Sheila fvlcKechnie
Tradlng Limlted operates the consultancy and events and training income functions of
th¢ group. Tho charity owns the entlre issued share capitsl of l ordinary share of £1
each, A summAry of the tradlng results is shown below
2025
2024
Turnovfftr
C05t of sales and administrative expenses
Net prof itllloss)
Donatlon to charlty
Retained in the subsldiary
IZ9,633
172,366
{126,6891 1172,981)
2,945
(615)
{2,9451
(615)
The asset5 and liabilies of the subsldlary were:
2025
2024
Flxed Assets
Current Assets
Credltors: amounts falling due within I year
Total net ar4sets
309
58,849
(59,1551
46,739
146,736}
Pago 45

TH
so
TED ACC.OUNTS
19. Prlor Year Statement Of F117anclal Actfvlty
GROUP
Re$trlcted
IQZ4
GROUP
Rostrlcted
2023
Unrestrlrted
2024
TOTAL
Z024
Unre$trkted
2023
TOTAL
2023
INCOME FROM:
Donations and legacles
Charltable activities
Other trading actlvlties
876
237,750
172,366
2,000
415,433
1876
655.IBY
172,366
828,425
14,948
303,012
148,847
466,807
14.948
477.136
148,847
640,931
174,l24
TOTAI INCOME
410,992
417,433
174,124
EXPENDifuRE ON:
Charltable actlvities
413,433
347,650
347,650
494,169
494,169
166,348
166.348
660,516
660,516
TOTAL EXPENDITURE
761.083
NET {EXPENDITUREIIINCOME
Transfer betweeii funds
12.441)
765
69,783
67,342
27,3611
7.776
119.5B51
{76S1
69,018
32,146
NFf MOVEMEthIT IN FLINOS
{1,676)
28,S81
67,341
127.3611
56,042
7,776
119,58SI
80,512
Fund balances broudht forv43rd
60,927
24,470
TOTAL FUNDS CARRIED
FORWARD
17,005
101,264
128,269
28,681
32,246
60,927
Page 46