2022-12-31-accounts - Shannon Trust

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	Page
Legal and administrative information
Trustees' Annual Report
Independent auditor's report	12
Statement offinancial activities	15
Balance sheet
Statement ofcash flows	17
Notes tothe financial statements	18

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,	REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,
ITSTRUSTEES AND ADVISERS
Forthe year		ended 31 December 2022
Company	reg. no.		5906258
Charity reg.		no. (England)	1117249
Charity reg.		no. (Scotland)	SC043470
Registered	office		International House
			24 Holborn Viaduct
			London, EC1A 2BN
Trustees			The trustees, who are also				directors	under company		law, who	served during
			the year and up to the date				of this report were as		follows:
			Michael Wemms, Chair
			Andrew Reid, Treasurer
			Barry Porter					Resigned 05		May 2022
			John Bensted
			William Payne, Senior Independent					Trustee
			Brenda Bates
			Ellen Coady					Resigned 01 July 2022
			Cristalina Fernandes-Bates
			Ceri Godwin
			Caroline King
			Pankaj Sethi
			Joanna Marston					Appointed	14September		2022
Key management			lan Merrill, CEO
personnel
			Christopher Morgan,		Director of Business Support				&Company		Secretary
Bankers			CAF Bank Ltd
			25 Kings Hill Avenue
			Kent, ME194JQ
			Aide rmore Bank PLC
			1st Floor, Block BWestern				House
			Lynch Wood
			Peterborough, PE2	6F2
Independent		Auditor	Richard Billinghurst	FCA
			Senior Statutory Auditor
			Knox Cropper LLP
			Chartered Accountants			and	Statutory Auditors
			65 Leadenhall Street,		London, EC3A 2AD
Accountants			NfP Accountants Ltd
			3rd Floor, 86-90Paul		Street, London, EC2A 4NE

			Unrestricted	Unrestricted		Restricted		Total	Unrestricted	Unrestricted	Restricted	Restricted	Total
				Funds		Funds		Funds		Funds		Funds	Funds
		Note		2022f		2022 f		2022 2		2021		2021	2021f
INCOME FROM
Donations and legacies		2		524,637				854,703		403,019		331,S67	734,686
Charitable activities
Reading programme		3		251,398				251,398		54,380			54,380
Investment income:	bank interest			4,240				4,240		555			555
Other income				137				137		96			96
TOTAL INCOME				780412		330066		1,110478		458050		331,667	789,717
EXPENDITURE ON:
Raising funds		4		104,520				104,520		S9,622		3,442	73,064
Charitable activities
Prison delivery		4		722,759		185,673		908,432		242,686		367,084	609,770
Community delivery				69,766		1,299		71,065		60,271		3,515	63,786
Turning pages
sustainability income project				34,711				34,711		9,089			9,089
(TPSI)
TOTAL EXPENDITURE				827,236		186,972		1,014,208 312,046 88.				370,599 3.	SB2645 55. 0
NET INCOME/(EXPENDITURE)		FOR
THE YEAR				(151,344)		143,094		(8,260)		76,382		(42374)	34,006
RECONCILIATION	OF FUNDS
TOTAL FUNDS AT	1 JANUARY	2022		595,112		1,357		596,469		518,730		43,731	562,461
TOTAL FUNDS AT	31 DECEMBER 2022		2	443,768	2	144,451	f	588,219	f	595,112	f	1,357 f	596,469

					2022		2021
Cash flows from operating	activities					(8,250)		34,008
Net cash provided by / (used in) operating			activities
(Increase)/decrease in Increase/(decrease) in	debtors creditors		(55,390) ~44,847				17,448 ~186.389
						(100,207)		(98,943)
Change in cash and cash	equivalents	in the year				(108,457)		(64,935)
Cash and cash equivalents	at the beginning		of the	year		656,361		721,298
Cash and cash equivalents	at the year	end			9	547,904		656,381

DONATIONS	DONATIONS	AND LEGACIES
		Unrestricted		Restricted			Total	Total	Total	Total
			Funds		Funds		Funds	Funds	Funds	Funds
			2022 2		2022 2		2022 2	2021f	2021f	2021f
Trusts and foundations			365,000		330,066		695,066	308,901	331,687	840,588
Individual	donors		66,282				66,282	52,418		52,4tB
Major donors			30,250				30,250	41,700		41,700
Corporate	donations		22,855				22,855
Legacies			40,250				40,250
		8	524,637	8	330,066	2	854,703 f	403,019 f	331,887 f	734,888

		8 524,637 8 330,	8 524,637 8 330,	066 2	854,703	f	403,019	f	331,887 f	734,888
3.	INCOME	FROM CHARITABLE ACTIVITIES
				Unrestricted			Restricted		Total	Total
					Funds		Funds		Funds	Funds
					2022		2022		2022	2021
					2		8		2
	Contracts	and	SLAs		176,770				176,770	13,001
	Sale of reading		manuals		74,628				74,628	41,379
				2	251,398	2	Nil	2	251,398 f	54,380

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE
			Direct	Governance			Support		Total	Total
	Staff costs		costs		costs		costs		2022	2021
	2		6		2		2		2
Prison delivery	471,189		174,696		7,789		254,758		908,432	609,770
Community delivery	42,921		4,229		709		23,206		71,065	63,7BB
Turning pages sustainability			34,711						34,711	9,069
	514,110		213,636		8,498		277,964		1,014,208	682 645
Fundraising costs	64,272		4,436		1,062		34,750		104,520	73,064
Governance costs Support costs	261,708		9,560 51,006		(9,560)	~1322,714
	2 840,090	2	278,638	2	Nil	2	Nil	2	1,118,728 f	755,709
2021
Prison delivery	271,596		88,702		9,483		239,989		609,770
Community delivery	33,247				1,16f		29,378		63,786
Turning pages susfainability			9,099						g,oee
	304,843		97,791		10,644		269,367		862,645
Fundraising costs	35,897		4,194		1,253		31,720		73,064
Governance costs Supporfcosfs	247,009 f 587,749	f	11,697 54,078 167,960	f	(1f,e97) Nil	~301.027 f Nil		f	755,709

STAFFCOSTS AND	NUMBERS
	Unrestricted	Restricted		Total	Unrestricted		Restricted		Total
	Funds	Funds		Funds		Funds	Funds		Funds
	2022f	2022 2		2022 2		2021	2021		2021
Salary costs
Wages and salaries	555,374	118,466		673,840		232,555	200,259		432,814
Social security costs	68,481			68,481		42,878			42,979
Pension costs	22,112			22,112		13,168			13,f68
Redundancy costs						9r415			9,415
	645,967	118,466		764,433		299,016	200,259		498,275
Other staffing costs
Recruitment	14,152			14,152		12,384	2,283		14,667
Staff training and development	20,210			20,210		2,753	5,548		8,30I
Death in service	507			507
Consultancy	40,788			40,788		65,044	1,462		66,506
	2 721,624	2 118,466	2	840,090	8	378,197 9	209,552	8	587,749

SUPPORT AND GO	VER	NANCE COSTS
				2022		2021
				6
Support costs
Premises costs				5,907		8,460
Website and online	costs			7,581		10,930
PRA &other adverts						5,670
Other comms and	marketing			5,022		2,255
ITsystems, computers		and office equipment		10,827		10,789
Telephones				4,497		4,613
Repairs and maintenance				141		1,809
Legal and professional		fees				2,400
Events and conferences				1,739		755
Staff travel and subsistence				12,844		5,037
Other office costs				2,448		1,580
				51,006		54,078
Governance costs
Board meetings				2,244		762
Audit				5,670		6,390
Audit preparation				1,200		1,200
Other governance	costs			446		3,545
				9,560		11,897
Support staff costs				261,708		247,009
			6	322,274	2	312,984

								Office
								equipment
								2
	Cost
	At 1 January 2022 Disposals						4,533 ~4,333
	At 31 December	2022
	Depreciation
	At 1 January 2022							4,532
	On disposals							(4,532)
	At 31 December	2022
	Net book value
	At 31 December	2021
	At 31 December	2022					2	Nil
13.	DEBTORS
						2022		2021
	Due within one	year				6
	Trade debtors					67,978		7,933
	Accrued income							2,415
	VAT repayment	due						440
	Prepayments							1,800
					2	67,978	2	12,588
14.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2022		2021
						2
	Deferred grant income							80,000
	VAT creditors					6,511
	Accru ala					21,152		12,481
					2	27,663	2	72,481
	Deferred income
	Balance at I January 2022					60,000
	Amount released	to incoming		resources		(60,000)
	Amount deferred	in the year						60,000
	Balance at 31 December 2022				2	Nil	8	60,000

						Transfers and	Transfers and
		Brought		Incoming	Resources		investment	Carried
		Forwardf		Resources	Expended	gainsf(losses)		Fonvardf
DESIGNATED FUNDS
Contingency	Fund	50,000						50,000
Development	Fund	75,000						75,000
	f	125,000	f	Nil	Nil	2	Nil f	125,000
						Transfers and
		Brought		Incoming	Resources		investment	Carried
		Forward		Resourcesf	Expended	gains/(losses)f		Fonvardf
RESTRIOTED FUNDS
Prison delivery		43,731		201,667	(245,398)
Community	delivery			130,000	(128,643)			1,357
		49.73t	8	331.667	~f(374.04(	8	19( 3	(,357
SUMMARY	OFFUNDS
Designated	Funds	125,000						125,000
General Funds		518,730		458,050	(381,668)			595,112
Restricted Funds		43,731		331,667	(374,041)			1,357
	f	58741(	f	789717	~f(755709	2	Nf f	721489
ANALYSIS OF NET ASSETS BETWEEN FUNDS
				Unrestricted Funds
				Designated	General		Restricted	Total
				Funds f	Funds 2		Fundsf	Fundsf
Net current assets				125,000	318,768		144,451	588,219
			6	125,000	6 318,768	E	144,451 f	588,219

ANALYSIS OF THE NET MOVEMENT	ANALYSIS OF THE NET MOVEMENT
		Unrestricted		Restricted	Total		Total
		Funds		Funds	Funds		Funds
		2022		2022	2022		2021
		9		2	8
Net movement	in funds	(151,344)		143,094	(8,250)		34,008
Net disposals	of fixed assets	(1)			(1)
		~8153,345	3	143,054	~348,353	3	34 008