Docusign Envelope ID.. 6DADCFEF-E1744EB&923f&29CC8A20299A
Charity number: 1112972
THE SHOE ZONE TRUST
Annual report
Year ended 31 December 2024

Docusign Envelope ID.. 6DADCFEF-E1744EB&923f&29CC8A20299A
THE SHOE ZONE TRUST
CONTENTS
Page
Reference and administrative details of the Charity
Repoit of the Tiuslees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements

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THE SHOE ZONE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY
Trustees
MrA 8mith
Mr C Smith
Registered office
The Shoe Zone Trust
Haramead Business Centre
Humberstone Road
Leicester
LE12LH
Registered charity number
1112972
Bankers
HSBC
2-6 Gallowtree Gate
Leicester
LE11DA
Natwest
1 Granby Street
Leicester
LE19GT
Independent Examiner
Glen Bott FCA
Cooper Parry Group Limited
Cubo Birmingham
41h Floor
Two Chamberlain Square
Birmingham
B3 3AX

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THE SHOE ZONE TRUST
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting their report and the financial statements for the Charity for
the year ended 31 December 2024. The Trustees confirm that the report and financial statements of
the Trust Comply with the Charities Act 2011, the requirements of the Foundation's governing
documents and the provisions of the Statement of Recommended Practice ('SORP") "Accounting and
Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
Constitution of the Charity
The Shoe zone Trust is registered wilh the Charity Commission for England and Vvales as an
Unincorporated Charity with the governing document of a declaration of trust dated 1 November 2005.
The Charity is administered by the Trustees listed on Page 1. All of them served throughout the year.
The Trustees meet at least quarterly.
Method of appointment or election of Trustees
The m2n2gement of the Trust is the responsibility of the Trustees. Charles Smith 2nd Anthony Smith
It is intended that the Trust's board of trustees should consist of at least ￿0, but no greater than three,
members.
Objectives of the Charity
The objectives of the Charity are to make grants and donations to other charities to relieve financial
hardship and poverty andlor advancement of education, mainly for children and young persons under
age 18 particularly in Leicestershire and Rutland and for certain charities operating in the Philippines
and other countries. This is reftected in the range oforganisations that benefitfrom grants and donations
given by the Trust, most of which have long standing relationships_
The Trustees have given due consideration to general guidance published by the Charity Commission
relating to public benefit.
The Charity does not carry out any fundraising activities.
Achievements and Performanc8
In the year to 31 December 2024, the Trust made grants and donations totalling £357,418 {2023'.
£281,702). The largest donation of £69,410 was made to the Shepherds of the Hills in the Philippines,
whose aim is to benefit underprivileged children who have been abandoned, neglected or abused.
Donations were also made to Ministries Without Borders. a maternity clinic and care provider for
malnourished and abandoned children. Other significant donations were made to MiracleFeet, a charity
that increases access to proper treatment for children born with clubfoot in low- and middle-income
countries through partnerships with local healthcare providers.
Financial Review
Income of £588,649 was receivable. Grants and donations of £357,418 were payable. Funds carried
forward are £1,514,813 (unrestricted £1,514,378, restricted £435). 2023 total funds carried forward
were £1,283,582 (unrestricted £1,280,009, restricted £3,573).
No salaries or expenses were paid to the Trustees.
Reserves Policy
The Trust does not currently have a reserves policy. As Shoe Zone Retail Limited provides the Trust
with annual funding, and the Trustees regularly review the balan￿ available to Ihem. including any
anticipated future grants to be considered and other costs, a reserves policy is not considered
necessary.
The unrestricted funds are £1,514.378. These were retained for commitments for grants in 2025.

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THE SHOE ZONE TRUST
REPORT OF THE TRUSTEES
Risk Factors
The Trustees regularly review the major risks to which the Charity is exposed, in particular those related
to the operations and finances of thc Trust, and are satisfied Ihat systems and procedures are in place
to mitlgate exposure. Major risks that the Trustees have considered and have taken steps to mitigate
include having a robust assessment and monitoring policy, including regular updates with the charities,
to ensure that grants made are for work which is considered charitable.
Plans for future periods
The Trustees will conlinue to review the Trust'swork during the coming year and continue to offer grants
ba%ed on decision£ m2de by the Trustees.
Statement of Trustees Responsibilities
Trustees are responsible for preparing a Trustees, Annual Report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires charity trustees to prepare financial
statements for each year which give a true and fair view of the stale of affaiis of the charity and of the
incoming resources and application of reSoUr￿s. of the charity for that period. In preparing the financial
statements, the trustees are required to-
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the applicable Charities SORP-
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures that must be disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the Trust and to enable them to ensure that the financial statements
omply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and
the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Trust and
taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was reviewed and approved by the Trustees on 201h October 2025 and signed on their
behalf by=
Mr C Smith

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THE SHOE ZONE TRUST
Independent Examiner's Report
For the year ended 31 December 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31
December 2024 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 2011 ('the Act.).
I report in respect of my examination of the charity's accounts carried oul under section 145 of the Act
and in carrying out my examination S have followed all the applicable Directions given by the Charity
Commission under section 14515)(b) of the Act.
Independent examiner's statement
The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by
being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).
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 accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair 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.
S￿4r￿ by..
EBB15CCA03ANA
GLEN Borr FCA
Cooper Parry Group Limited
Cubo Birmingham
41h Floor
Two Chamberlain Square
Birmingham
B3 3AX
Date..
22 October 2025

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THE SHOE ZONE TRUST
Statement of Financial Activities
For the year ended 31 December 2024
2024
2024
Unrestricted Restricted
2024
Total
2023
Total
Notes
INCOME FROM
Shoe Zone Retall Ltd
Donations
Interest
582,321
1,325
5,003
582,321
1.325
5,003
748,904
1,285
4,099
TOTAL INCOME
588,649
588,649
754,288
EXPENDITURE ON
Direct charitable giving
Indirect charitable giving
347,539
9,879
347.539
9.879
281,702
TOTAL EXPENDITURE
357,418
347,539
281,702
TRANSFERS BETWEEN FUNDS
3.138
(3,138)
NET MOVEMENT IN FUNDS
231,231
231,231
472,586
FUNDS BROUGHT FORWARD
1,280,009
3.573
1,283,582
810.996
FUNDS CARRIED FORWARD
1,514,378
435
1.514,813
1,283,582
The notes on pages 8 to 11 form part of these financial statements.

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THE SHOE ZONE TRUST
Balance Sheet
As at 31 December 2024
2024
2023
Note
CURRENT ASSETS
Debtors
Cash at bank
908,417
606,396
335,975
947,607
NET AND CURRENT ASSETS
1,514,813
1 283 582
CHARITY FUNDS
Unrestricted funds
Restricled funds
1.514.378
435
1,280,009
3.573
TOTAL FUNDS
1,514,813
1,283,582
The financial statements were approved by the Trustees on 20th October 2025 and signed on their
behalf by-.
Mr C Smith
The notes on pages 8 to 11 form part of these financial statements.

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THE SHOE ZONE TRUST
Statement of Cash Flows
For the year ended 31 December 2024
2024
2023
Note
Cash flows from operating activities:
Net cash provided by operating activities
(341,211)
136,611
Net cash provided by operating activities
341,211
136,611
Change in cash and cash equivalents in the year
(341,211>
136,611
Cash and cash equivalents at the beginning of the
year
947.607
810.996
Cash and cash equivalents at the end of the
year
606,396
947,607
RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM
OPERATING ACTIVITIES
2024
2023
Net incoming resources
231,231
472, 586
Increase in debtors
(582,321)
(335,975)
Decrease in debtors
9,879
Net cash inflow from operating activities
(341,211)
136,611
ANALYSIS OF CHANGES IN NET FUNDS
At1
January
2024
Cash flow
At31
December
2024
Net cash
Cash at bank
947,607
{341,211)
606,396
Total
947,607
(341,211)
606,396

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THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2024
1. ACCOUNTING POLICIES
1.1 Basls of preparation of financial statements
The financial statements have been prepared under the historical cost convention. The financial
statements have been prepared in accordance wth the Statement of Recommended Practice
{SORP) 'Accounting and Reporting by Charities. applicable to charities preparing their accounts in
accordance with the Financial Reporling Standard applicable in the United Kingdom and Republic
of Ireland (FRS 102), the Charitles Act 2011 anu appllcable regulalions.
The accounts have been prepared under the historical cost convention with items recognised at cost
or transaction value unless othetwise stated in the relevant note(s) to the accounts.
The trust constitutes a public benefit entity as defined by FRS 102.
1.2 Fund accounting
The unrestricted funds are funds which can be used in accordance with the charitable objectives at
the discrelion of the Trustees. Reslricled funds comprise unexpended balances of donations and
grants held on trusi for speclflc purposes.
1.3 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity has an
entitlemenl to the funds after any performance condilions have been met, the amount can be
measured reliably. and the income will probably be received.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories
that aggregate all costs for allocation to activities. where costs cannot be directly attributed lo
particular activities. they have been allocated on a basis consistent with the use of the resources.
Grants payable to third parties are within the charitable obj-ectives. Where unconditional grants are
offered, these are accrued as soon as the recipient is notified of the grant. as this gives rise to a
reasonable expectation that the fecipient will receive the grant. Where grants are conditional, the
grant is only accrued where any unfulfilled conditions are outside the charity's control.
1.5 Going concern
At the time of approving the financial statements. the Trustees have a reasonable expectation that
the Charity has adequate resources to continue in operational existence for the foreseeable future.
Thus. the Trustees, continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.6 Flnanclal Instruments
The Trust only has financial assets of a kind that qualify as basic financial instruments. Basic
financial Instfuments are initially recognised at transaction value and subsequently measured at their
settlement value.
1.7 Cash at bank and in hand
Cash at bank and in hand on the balance sheet comprises cash in hand and short term deposits
with an original maturity date of three months or less.

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THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2024
2. Donations
Total
2024
Total
2023
Donations
1,325
1,285
1,325
1,285
Donations of £1,325 (2023: £1,285) were allocated to unrestricted funds.
3. Shoe zone Retail Ltd
Total
2024
Total
2023
Profit Contribution
Carrier Bag Income
194,000
388,321
320,000
428,904
582,321
748,904
The above income of £582.321 (2023: £748,904} was allocated to unrestricted funds.

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THE SHOE ZONE TRUST
Noto8 to tho Financial Statements
For the year ended 31 December 2024
4. Direct Charitable Giving
Total
Total
2024
2023
Separate Disclosure
Shepherds of the Hills - Philippines
Miracle Feet
Ministries Without Borders- Philippines
LOROS
CORD
The Hope Foundation
69,410
48.479
36,173
35,000
18,000
31,024
9.944
29,983
33,000
25,000
Grouped
Local Beneficiaries
National Beneficiaries
Global Beneficiaries
Bank Charges
101,355
18,000
30,967
89,883
10,000
52,649
219
357,418
281,702
In 2024. all expenditure was allocated to unrestricted funds {2023'. all).
5. Net Incoming Resources
During the year. no Trustees received any remuneration.
During the year, no Trustees received any benefits in kind.
During the year, no Trustees received any reimbursement of expenses.
6. Debtors
Total
2024
Total
2023
Accrued Income
Accrued Charitable Giving
918,296
(9.879)
335,975
908,417
335,975
io

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THE SHOE ZONE TRUST
Notes to the Financial Statements
For the year ended 31 December 2024
7. Statement of Funds
Opening
Balance
Closing
BalanGe
Unrestricted Funds
Income
Expenditure
Transfers
Accrued Charity Funds
Accrued Charitable
Giving
Charity Funds
335,975
582,321
918,296
(9,879)
605,961
(9,879)
(347,539)
944,034
6,328
3,138
1.280.009
588.649
357.418
3.138
1.514,378
Restricled
3,573
3,573
(3, 138)
3,138
435
Total
435
1,283,582
357,418
1,514,813
In 2024, £3.138 was recategorised from restricted to unrestricled funds in line with the underlying nature
of the income re￿ived, leaving £435 as restricted in nature for Shepherds of the Hills (SOTH}.
8. Related Party Transactions
The Trustees are Directors of Shoe Zone Retail Limited, who made donations in the year of £582,321
(2023. £748,904). At the yearend. £918.296 remains outstanding from Shoe Zone Retail Limited (2023..
£335,975).
The Trust made payments of £148.696 {2023: £99,219) to Shoe Zone Retail Limited during the year
in respect of donations made on behalf of the Trust and other transfers of funds. At year end, The
Trust owed Shoe Zone Retail Limited £9,879 (2023: nil) in respect of donations made on behalf of the
Trust during the year.
li