Charity number.. 1112972
THE SHOE ZONE TRUST
Unaudited annual report
Year ended 31 December 2023

THE SHOE ZONE TRUST
CONTENTS
Page
Reference and adminislralive details of Ihe Charity
Report of the Trustees
IiitJep¢iideiiL Exa151iiier's R¥porl
Slalemenl of Fin3n¢ial Aclivilies
Balance Sheet
Slalemenl of Cash Flows
Notes lo the Financial Slalemenls

THE SHOE ZONE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY
Tru3t¢¢¥
Mr A umith
Mr C Smith
Rpgiqtpred offic
Thg Shoe Zone Trust
Haramead Business Centre
Humbeislone Road
Leicester
LE12LH
Registered charily number
1112972
Bankers
HSBC
2-6 Gallowlree Gale
Leicester
LE1 IDA
Natwest
1 Granby Street
Leicester
LE19GT
Independent Examiner
Cooper Parry Group Limited
Cubo Birmingham
Office 401
3rd Floor
Two Chamberlain Square
83 3AX

THE SHOE ZONE TRUST
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting Iheir report and the financial slalemenls for the Charity for
the year elided 31 Dekn¥iiiber 2023. Tlie Ti-usteeb iofifii(11 Ilicil Iliè iepui I ciiid liiidiibial slal¥iiiviits of
the Trust comply with the Charities Act 2011, the requirements of the Foundation's governing
documents and the provisions of the Slalemenl ol Recommended Practice I SORP") "Accounting and
Reporting by Chaiilies" applicable to Gliai-ili¥s piepariiig tli¢ic dbiouiili iii aGGVI-daiiGe willi tli¢ FinaiiGial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102}.
Constitution of the Charily
The Shoe Zone Tiusl is registered with the Charity Commission for England and Wales as an
Unincorpoialed Chgrily with the goveining document of a declaration ol trust dated l November 2005
The Charity is administered by the Trustees Iisled on Page 1. All ol them served throughout the year.
The Trustees meet at least quarterly.
Method of appolntment or election of Trustees
The managemenl of the Trust is the respons1bilily of the Trustees, Charles Smith and Anthony Smith.
It Is Inlen(Jea Ihal the I rusl's boar(J ol Iiuslees should consisl ol al leasl two, bul no 9realer Ihan three,
members.
Obj9Ctives of the Charity
The objectives of the Charity are lo make grants and donations lo other charities lo relieve financial
hardship and poverty andlor 2dvancemenl of education, mainly loi children and yOLinq peisons under
age 18 particularly In Leicestershire and RLJlland and for certain Charities operating in Ihe Philippines
and other countries. This is relleclèd in the range ol organisalions that benefit from grants and donations
given by the Trust, most of which have long standing relalionships.
The Trustees have given due consideration lo general guidance published by the Charity Commission
relating lo public benelil.
The Charity does not carry out any fundraising aclivilies.
Achievements and Performance
In the year lo 31 December 2023, the Trust made oranls and donations lolallino £281,702 12022..
£314,208) The largèst donation of £33.000 was made lo CORD, an organisalion working lo make
peau¥ d ie¢ilily iii yliiLeb wli¥i¢ p¢vpl¥ Iivl lidve Ili¥ IieeUviTI lu exeibise Ilieii iiylilb Olligi biyiiIIIL<iiil
donations weie made lo the Shepheicl ol the Hills in the Philippines, whose aim Is lo benefit
underprivilegèd children who have been aban(ioned, neglected or abused and Ministries Wilhoul
Finan¢ial Review
Incorlle of £754,288 was receivable. Grants and donations of £281,702 were payable. Funds carried
forward are £1,283,582 lunreslricled £1,280,009. reslricled £3,573). 2022 lolal funds carried forward
were £810,996 lunreslricled £807,423, reslricled £3.5731.
No salaries or expenses were p21d lo the Trustees.
Reserves Policy
The Trust does not currently have a reserves policy. As Shoe Zone Rela11 Limited provides the Trust
with annual funding. and the Trustees regularly review the balance available lo them, including any
anlicipaled fulure granls lo be considered and other costs, a reserves policy is not considered
necessary.
Thc unrestricted funds are £1,280,009. These were retained for commitments for grants in 2024.

THE SHOE ZONE TRUST
REPORT OF THE TRUSTEES
Risk Factors
The Trustees regularly review the major risks lo which the Charity is exposed, In particular those related
lo the operations and finances of the Trust, anol are salisfieLI that systems and procedures are In place
In mitigalp p.ypn£iirp. Majnr riskq IhAI thp. Trii*lè.ps hav$5 eonsirl@rArl and hAVP t3kp.n steps In miligatp.
include having a robust assessment and monitoring policy, including regular upolales with the charities,
lo ensure that grants made are for work which is considered charitable.
Plans for future periods
The Trustees continue lo maintain the amount of funds il has available annually for grant dislribulion.
The Trustees will continue lo review the Trust's work durin9 the coming year and continue to offer grant
based on decisions made by the Truslees.
Statement of Trustees Responsibilities
Trustees are responsible for preparing a Trustees, Annual Report 2nd financial slalemenls in
accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally
Accepted Accounting Praclicel.
The law applicable lo charities in England and Wales requires charity Iruslees lo prepare financial
-tatcmcnt- for each ycar which give a truc and fair view of tho stale ol affair￿ of thc ¢hMrity E)nd of thc
incoming resources and application of resources. of the eharily for Ihal period In preparing the financial
slalemenls, the Iruslees are required lo..
select suitable a¢counling policies and then apply them Consislenlly",
observe the methods and principles in the applicable Charities SORP,
makp iiirlgp.mp.ntq and pqlimalpq that xrp r938onahlp and prijdpnt.,
slate whether applicable accounting standards have been followed, subject to any material
departures that musl be disclosed and explained in the financial slalemenls., and
pr8para thè financial gtatèmènts on tho going conc8rn basi8 unless it ig inappropriata to
presumè that the charity will continue in business.
Truslees are responsible for keeping propel accounling recor(i5 that dis¢losÈ with reasonable accuracy
al any lime the financial position of the Trust and lo enable them lo ensure that the financial slalemenls
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and
Ihe provisions ol the Trust deed. They are also responsible lor safeguarding the assets of the Trust and
taking reasonable sleps for the prevention and detection of fraud and other IrregLJlarilies.
This report was reviewed and approved by the TrLJStees on 18 September 2024 and signed on their
beliall by.

THE SHOE ZONE TRUST
Independent Examiner's Report
For the year ended 31 December 2023
I report to the charity trustee5 on my examination of the accounts of the charity for the year ended
31 December 2023 which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the charitV'5 accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 1451Sllbl of the Act.
Independent examiner's statement
The charity's Eross income exceeded £250,000 and l am qualified to undertake the examination by
being a qualified member of the Institute ol Chartered Accountants in England and Wales IICAEWI.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act,.
or
the accounts do not accord with those records,. or
the account5 do not comply with the applicable requirements concerning the form and content
f aitount% %pt out in the Charities (Accounts and Reports) Reeulalions 2008 other than anv
requirement that the accounts 8ive a 'true and lair view, which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
GLEN BOTh FCA
Cooper Parry Group Limited
Cubo Birmingham
Office 401
3rd Flnr)r
Two Chamberlain Square
Birmingham
B3 3AX
Date..

THE SHOE ZONE TRUST
Statement of Financial Activities
For the year ended 31 December 2023
2023
2023
2023
Total
2022
Total
Unrostricted
Restrictcd
Notes
INCOME FROM
Shoe Zone Retail Ltd
Donations
Interest
748,904
1,285
4,099
748.904
1,285
4,099
646,880
23,849
1,140
TOTAL INCOME
754,288
754,288
671,869
EXPENDITURE ON
Direct charitable giving
281,702
281,702
314,208
TOTAL EXPENDITURE
281,702
281,702
314,208
NET MOVEMENT IN FUNDS
472,586
472,586
357.661
FUNDS BROUGHT FORWARD
807,423
3,573
810.996
453,335
FUNDS CARRIED FORWARD
1,280.009
3.573
1,283,582
810,996
The notes on pages 8 to 11 form part of these financial statements.

THE SHOE ZONE TRUST
Balance Shpet
As at 31 December 2023
2023
2022
Note
CURRENT ASSETS
Debtors
Cash al bank
335,975
947,607
810,996
NET AND GURRENT ASSETS
1,282,582
810,996
CHARITY FUNDS
Unreslricled funds
Reslricled funds
1,280,009
3,573
807,423
3.573
TOTAL FUNDS
1,283,582
810,996
The financial slalemenls were approvecj by Ine Trusiees on 18 September 2024 and ui I Ilieir
behalf by.
fcfAO
The notes on pages 8 10 11 form part ol Ihese financial slalemenls.

THE SHOE ZONE TRUST
Statement of Cash Flows
For the year ended 31 December 2022
2023
2022
Note
Cash flows from operating activities:
Nel cash providèd by operating aclivilies
136,611
474,072
Net cash provided by operating activities
136.611
474.072
Change in cash and cash equivalents in the year
136.611
474,072
Cash and cash equivalents at the be9innin9 01 the
year
810,99G
33G,924
Cash and cash gquivalonts at tho ond of th& yoar
g47,607
810,906
RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACtIVITIES
2023
2022
Nei incoming resources
472,586
357,661
Increase in debtors
1339,9751
116.411
Net cash inflow from operating activities
136,611
474,072
ANALYSIS OF CHANGES IN NET FUNDS
At l January
2023
Cash flow
At 31 December
2023
Net tash
Cash at bank
810,996
136,611
947,607
Total
810.996
136,611
947,607

THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2023
1. ACCOUNTING POLIGies
1.1 Basis of preparation of financial stalements
The financial slalemenls have been prepared under the historical cost convenlion. The financial
slalemenls have been prepared in accordance wilh the Slalemenl ol Recommended Piactice
ISORPI 'Ar.cniJnling and Rp.pnrting hy C.h2rilip8" applicable lo eharilies preparing their
accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021, the Charilies Act 2011 and applicable regulations.
The accounts have been prepared under the historical cost convention with items recognised
al cost or transaction value unless olherwise slated In the relevant nolelsl lo the accounls.
The trust conslilules a public benefit enlily as defined by FRS 102.
1_2 Flind attnunting
The unreslricled funds are lunds which Can t>e Ljsed in accordance with the charitable
nhjp.r.tivp.s 21 thp. di%r.rg.tinn nf thg. Triiqtpes Reslficled funds comprise unexpended balances
ol donations and grants held on trust for specific puiposes.
1.3 Incoming rpqniJrrp<
All incoming resources are included in the Slalemenl ol Financial Activities when the charily
hAq an p.nlitlp.mg.nt tn thp. fijndq aftpr any performance conditions have been mel. Ihe amount
can be measured reliably. and the income will probably be received.
1.4 Rp%niJrtÈs Èxpènded
Expenditure is accounted for on an accruals basis and has been included under expense
r.2lp.gr)rig.% IhAt xggrgoAI? all costs lor allocation lo aclivilies, where costs Cannot be directly
allribuled lo particular aclivilies, they have been allocated on a basis consislenl with the use ol
the resources.
Grants payable lo third parties are within the charitable objectives Vvhere unconditional grants
are offered, these are accrued as soon as the recipienl is notified ol the grant, as Ihis gives rise
tr) a rg.28nn2L)1g p.xpgrlation th21 the recipient will receive the granl. Where ijranls are
conditional. the grant is only accrued where any unfulfilled conditions are outside Ihe charity's
control.
1.5 Going ¢oncern
At Ihp. limp. nl xpprnving thg. fin2nrial slalemenls. the Trustees have a reasonable expectation
that the Charity has adequate resources lo Continue in operational existence for the foreseeable
lulure. Thus, the Trustees, continue lo adopt the going concern basis of accounting in preparing
trhp. finanr.iAI %txtg.mg.nlq
1.6 Financial instruments
The Trust only has financial assets of a kind that qualify as basic financial inslrumenls. Basic
financial In8lrumenls are initially iecognised al transaction value and Slibsequenlly measured
t thp.ir qp.Ill&mpnl value

THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2023
Donations
Total
2023
Total
2022
Rathbones Investment Management Ltd
Other donations
20,000
3,849
1,285
1,285
23,849
DonatlOn5 of £nil12022.. £23,849) were allocated lo restricted funds. Donations of £1,28512022..
£nill were allocated to unrestricted fund5.
3. Shoe Zone Retail Ltd
Total
Total
2023
2022
Profil Contribution
Cairier Bag Income
Charity Change
320,000
428,904
270,000
360, 142
16.738
748,904
646,880
The above income of E748,90412022.. £646,880) was allocated to unrestricted funds.

THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2023
4. Direct Charitable Giving
Total
2023
Total
2022
CORD
33,000
31,024
29,983
25,000
24,512
15.148
11,000
10,570
10.020
45,000
10,000
36,445
Shepherds ol the Hills- Philippines
Ministries Without Borders- Philippines
The Hope FoundlL lion
Other
Amanlani
61,080
19,555
24.468
26,110
Samaritan's Purse- Ukraine
Young Leicestershire
Wishes For Kid5
Local Beneficiaries
National Beneficiaries
Global Beneficiaries
20.550
20,000
45.000
10,000
87.445
281,702
314,208
In 2023 no funds12022.. £23,849) were 311oc3ted lo restricted funds.
S. Net InrviTiiwig Retsvurces
DLJring Ihe year. no Trustees received any remuneration.
Duiiiig the year, no Trustees received any benefi18 in kind.
During the year. no Truslees received any reimbursement of expenses.
6. Debtors
Total
Total
2022
2023
Accrued Income
335,975
335,975
io

THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2023
Brought
FO￿ard
Incoming
resources
R¢470urces
Carriod
Forward
Expended
STATEMENT OF FUNDS
Unrestricted fuiids
Accrued Charity Funds
Charity Funds
335.975
335,975
944,034
1,280.009
807,423
807,423
418.313
1281,7021
1281,7021
754.288
Restrieted funds
Other
3.573
3.573
8. Related Party Transactions
The Trustees are Directors of Shoe Zone Relail Limited, who made donations in the year of £748,904
12022." £650,243) ot this amount. £dJS,97512022 £nlll remains Outstdri￿1li￿ dl 31 DeGeimber 2023.
The Trust madg paym•nls ol £gg,21912022 F124 ?7fi1 In qhrje Zone Relail Limited during the year
in respect of donations made on behalf ol the Trust and other Iransfers of funds.
li