Charity number: 1126568
THE SHM FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE SHM FOUNDATION
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
2-24
Independent examiner's report
25
ststement of financial activities
26
Balance sheet
27
ststement of cash flows
28
Notes to the financial statements
29-42

THE SHM FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Professor M Biriotti
Professor H L Moore
Professor S Fidler
Charity registered
number
1126568
Principal office
20-22 Bedford Row
London
United Kingdom
WC1R4EB
Accountants
James Cowper Kreston
Chartered Accountants
2 Communications Road
Greenham Business Park
Newbury
Berkshire
RG19 6AB
Bankers
Lloyds TSB
PO Box 72
Bailey Drive
Gillingham Business Park
Kent
ME8 OSL
Page 1

TNe SAM loundation
Annual Report
September 2025 - August 2024
the SHM
foundation

Ouryear
About Us
We have provided them with
opportullities to explore career
eotley, Juft7 Llndsuy, Joshuu
Olln4 Jun•Loirl*tu, Lumu
S•mawl. MuleboNgobonl,
NotashoAdomako. Ollvlu
Th• SHM Fout)d•tlon Is a loiw#rd-lotsking
positive social change In the areas ol mental health
nd welltieing, education and li￿lIhOOd$. 8¢ce
to the arts
Well1￿Ing siipport. work with
InipTnational rese2rth ieams
bnd io Slippori othcrs wilh
shared lived experience using
fh¢' Skills IhLy havc, dcw¢,lopc'd
Slnho. Keleboglle Motlopye.
SomuB05il Kumul. Tunyu
Dhlngru, Tebogo Mone$e,
Wctorlamarks Dr Vlttorlo
Sondri, Yosmine Uddin, Zuzon
Fl9•ro¥u, L¥ndourum•zlng
teLrm off Khulumo mentors rn
South Afrl¢u,
Our mlsslon Isto support people and communltl•s In
dO￿lOPIng solutlonsto Ih*¢h•ll•nggsthgyla¢•, In
th•ways that work forth•m.
Th15year we hHve witne55ed how
crltiial our work h85 cDiitinued
to bp In supporting communillp
acr095 tho globo In iho 3reas
of ni*niol health, the aTlS and
oducdlion dnd IIvLilihoods
As Lhe global menL81 he8lLh
c¢l%i% continu** (Ind fundlng to
suppori communiiios coniinuc5
support
At Einber we have continued to
gTOW Lhis year. providing more
OPPOTtunities lor coryimunity
bR5pd mpnlal hp.allh Initiatives
10 pèiincr wlth us. We were
dell9hled io have had 50 many
Lastly, we are IoTever 9fEilelul to
oljr foundcirs ProhssorMqurl¢•
BIAottl OBE 111¢4 Prof•$sor
Dome Henrletto Moore lar ihpir
coniinLi¢d support 8nd 9¢n¢rosily
10 the SHM Ftruiidaiion alongslde
Pmlessorsurnh Fldlerwho hds
out, wlth 1860 ITOln 00 countries.
Showing Ihp nppd for thp kind
of Slippori Ihai wc provide and
)Iso th* aiiiouni ol innovatlon
h&v+ %**n a huofr l•r our
work We believe Firmly in thé
Wo suppori poop10, comMLinillos8nd or9anlsalions 10
Improve their mental health and wellbein(J. CJJin new
skills. knowlo,diiL' and oimploymcint OPPOTlunitiLiS. dnd
acce55 excellent arlisiic experienc& Ihal enrich Iheir Ilves.
CDmmuniliLIS, OTgdni5aliOnS
nd societies, when ijeo[Jle feel
suppori?d. car?d lor Ind c4pabl*
io oxorciso agoncio5 In Ihoir own
lives. We have continued to strlve
to r￿MaIn rolovaDt and rLTr5POn51ve
io what Is going on In the v￿r1d
and to our partnprs. needs.
acr095 the globe.
guidanc* 8nd 8dvice
We desicJn and implement our own Iniliaiives. conduct
partlClP8tory re5earrh and provide fjranis 10 orher
rganisalions and proieols. As a sniall foundalion,
we lund our own Initiative4 and Jlso seek Funds In
partntr5hip Wllh Olhtrr organisaiions
AnnoKydd, Dlr•clor•fTh•SMM
We hope enjoy readino
Ihis reporL None ol our work
would be PD£Sible wlthout the
incredible team that work5 ai the
SHM Fouiidation
sed In thè UK, WÈ offices In London Pretorla,
South Africa. and work wilh partners in 14 countries
There are Inany achieveinent5
from this yedr thdl you Cdn rtrdd
In th15 rpporl bLJI there are two
I V￿LI1d like lo say a huge thank
you to all the Inember5 of the
IL'dm thdr mdk¢' dll our work
POS5ible. their commitment 3nd
motiyaiion 10 the work we are
doing Is In¢r¢dibl¢ l¢d us to
Some amazing OLJrcomes.
The objects of the SHM Foundation are to undertake for
public benèfit any purpogÈ thèt IS thèritèbltr according
to the laws of England and Wales as the trustees shall,
in their ab501L4te d15cretion. decide Our work 15 always
guided byour ethD5 of taking an ompathetic. human
appToach to 501ving cornple% problem5
We have worked hard to
design a model For oljr menlor
prtsgr.)mme In South Afrlca For
adolescents and young people
This year we committed £285,325.82 to fund
Ashlelgh Beuke4 Desmond
ClTrouk•. FrotTreèsco Zlnèttl,
Gectrgin*7 Mlguel Espondu.
Glv•n Monam(o Hgl•na Curon•
them to think abDut their Future
and make plan5

Ourvalues
At the SHM Foundatlon. we strongly bèll•ve that to work
well as a team •nd to produce hlgh quallty work, we must
uphold shared values. However. our values are not Just
Insplratlon. W• put them Into practlce ev•ry day.
ess
We promot• w•nb•lng.
Our ForemTr51 focus 15 to look
alter one another arid the people
VLi Work Wlih W¢, dL.dicdtL' IimL'
and resources to Supporting the
wellbeing of our team. pariners and
W• prornole portlelpatory
1•4d•rshlp.
A5 a teani spread over six countries.
dlwdys known Lhdt you don't
eed to be ID the Same rooni
to create meanin9fL41 human
connection The. SHM FDundat10n
team collaboratively e5tabli5he5 rhe
Foundation's Strategy and develops
It5 pr￿rar￿5 We mointoin J ¢lose-
knit. open. and cooperative
work environmenL
W• eollaborat• wllh communltl•s
to CO-d•slgn programs.
Our commitmeiit lo our pariners
dnd di.IIVLThriny thL' support thL'y
require15 unwaverlng We
value the wisdom arid first-
hand cMPQ.ficn¢o ol Trur
parrneT5 and participants
and we believe that effective and
5L15tainable prffjram5 can only be
designed together with them
W• plon•er n•w approa¢h••.
W¢.. Iiv¢i In a changing world and
challenglng rime5. EveTy facet of Ilfe
brin05 a olilferent challenoe. and
hen¢ts wt b¢litvQ th813d3ptability.
re5pon51vene55 and kindne55 are
very Imporiant walue5
We are always learnino innovating
and £d£pLir)g so ihai our work
remalrts relwant and Impactful
and so that ￿￿ can act last when
our guppori Is r)eeded most.
W• put ¢r•4tlvlty otth• cor• of
our work.
We see the Pov￿[ thai creativity
h85 In LThnydging piiopIL' Wllh thL'
topic of mental health humani51ng
and destl9matising mental heallh
sirugglo*. and shining a light on the
wealth ol innovation in the 5e(tor
We uti112P )Tt and de51gn to
not an add-on.
cor)necLions. ar)d Lreai Lhese
ppr5PPEtIVP5 Wlth the re5pe¢t
they deserve
Annual Report 2024

Our Focus Area
Our projects span across three dlfferent areas: Mental Health
and W•llb•lng; Educatlon and Llvellhoods: and the Arts.
Mental Health
and Wellbeing
Educatlon &
Llvelihoods
Arts
The Zumbldo Health
Ember Mental Health
Global
Marakwet Educatlon
Project
Spltalflelds Muslc
Afric£
London
The Zumbido Health model
use5 mobile phone5 to
create virLual social support
grtsups lor vulnerable and
isc)lated populations. ThesÈ
support group5 are enableol
by OLJr digital platform,
where participant5 di5CUS5
petrr to petrr, at any time
via text me5sage- a range
of issues pertinent to their
condition or needs.
We have diversified the
Zumbido Health model
8nd adapied il inio
different context5 for
istslated populations and
have run the following
programmos this year
Khuluma Production5,
South Afrlca.
. The Young Mothor'$
Lounge. Zimbabwe.
Ember Mental Healih 15
dedicated to empowering
communiiy-based mental
health Initlatives In low-
rèsource settings, helping
them grow Bnd thrive
Our mission is to foster an
inclusive and diverse mental
health ec(>system, ensuring
that everyone. regardless of
where they are. can access
Ihe care they need
Keny¢l
Palestlnlan Women
Cholr
London
Bloomsbury Festlval
London
Annual Report 2024

Ouryear
At a glance
Th1$ year. we*e wltnegsed these rIpP￿ effe¢t$ In actlon. both In
•xp•et•d and surprlslng w•ys'.
Seeing ripple ettec+E
in acFion.
W• b•ll•v• flvmly In th• rlppl• •ff•¢ts
that are f•lt Kro•i communltl•¥.
orgaThl¥atlon•, •o¢l•tl•& when
people fÈel tared for. ¢onn•¢t•d. and
mpowered wlth knowl•dg• to •hap•
th•lr •wn futur•
Creatlng pathway5 to dlgnlfled
Ilvellhoods and sustainable
futures by equipping young
peoplè and marginalized groups
with essential ski115 8nd economic
opportunities.
Bulldlng Safe spaces of support
and resilience to foster emotional
well-being, where participants can
openly share, he81, and grow within
their communities,
Ignltlng ¢onne¢tlons and
conversatlons that drlve systemlc
change and spark global dlalogue.
amplifying voicès from grassroots
ental health Initiatives and
inspiring new funding models.

MENTAL HEALTH
&WELLBEING
F2ipple effects examples

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feellng empowered - through
havlng access to Informatlon,
bulldlng knowledge & galnlng
awareness
huluM4+eArn
Crtr¢¢rDA4
eeline ernpots)efed, ¢onne¢+ed,
and 6vpported cak) have 4 ripple
4ttec* ok) yovne peopl4.
Progr•mm•
A¢tlvltl•s
Programme
A¢tlvltl•s
Programm•
Actlvltles
lthuluma
Programm•
A¢tlvlll•s
Programm•
Actlvltle5
Khuluma
In
Programme
Actlvltle5
South Africa
Khulum8 Is a prryramme th8t alms to empoweT young
people living with and affected by HIV. by providing
Ihem Wlih psychosocial and wellbeing suppori and
Improving their access to educatitsn and empltryment
opportuDities The qoal of Lhe PTO(Jr3mme Is for the
young people to lead dignified Iiwes by learning new
5kill$ and securing meaningful job5. become Inspiring
role mode15 In their communitie5. and Spark In them
the confidence to chase their dreams
IhEyStudied andfftal IhEy
tDWWpthese
Annual Report 2024

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feellng supported
Enwriry ihllLlho
eeling ernpots)efed, ¢onne¢+ed,
Evpported c4k) h4Ve 4 ripple
8ttéc* oh yovThe people.
ar•llving
Programm•
Actlvltles
Programm•
Aetlvltles
3ub¥l4n¢eu
Programm•
A¢tlvltl•$
Programm•
A¢tlvltl•$
¢￿Ile￿9￿%1￿[ed
lthuluma
Progr•mm•
Actlvltlès
Khuluma
South Africa
Programme
Actovltles
Programme
A¢tlvltles
Annual Report 2024

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feellng eonneeted- Through
frlendly spaces to open
up, Ilke-mlnded buddles to
conflde In
UlurnK+￿rn
eeline ernpots)efed, ¢onne¢+ed,
and 6vpported cak) have 4 ripple
4ttec* ok) yovne peopl4.
Programm•
Actlvltles
2mÈnttr5Tttar￿J
lthuluma
Programm•
Actlvll5es
Khuluma
South Africa
%hvlvMA+earn
p￿0P￿aLLH,
Annual Report 2024
10

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feellng supported by
enhanclng capabllltles
Progr4mm*
Actlvltl•s
eniber
Programm•
Actlvltles
Ember Mental Health
W•knw51ed-1SOk CBP
Globol
Ember Is dttdlcaiod to ompowering
comniLlnlty-ba5ed mentcil health initiallves
In low-rc150urce seiiings. hcilpino them grow
and IhriVÈ Sin¢* It$18un¢h In 2019 8$ a
collaboration between the SHM Foundation
and ihe MenLal Healih InnovaLion Neiwork.
Ember h45 5upptsrt+d tsv*r 30 Initiatives
worldwide. Investinq more than E450K
10 Lrar)slorni menial health supporL In
local communltie5 Through ov+r1,600
hours of direct engagement. We'￿ gained
deep Insights Into the challenges faced by
grassrotrt5 0rg8n15ations.
We bttlieve that local communltios hold
werful 501utlOnS to global mentcil health
Our m15slon 15 to foster an Inclusive and
diverse mental hecilih eco5y5tem, ensuring
that ovoryonci roigardlLIs5 of whoro they are.
Can 8c¢e5s ihe care th* need
Co￿￿￿￿11*bi]S1
resources they need to succeed
th￿￿￿k￿Dr Eh?
While traditional funding models tend to
support large. research-based organization5.
sm•ller. locally-led. and voluniper-driven
initiaLives are frequently overlcmjked
Ember t)ridges this gap by selecting and
mentoring gra55roo15 mental health
projects for 12-24 months. helping
Ihpm navigat& chall&ng&.£ and build
long-term sustainability
Our experience Sho￿ that when
commur)Ity-based mental health
organi5ation5 Fppl empowpred, lupported,
connected. and valued the impact exEend5
far beyond the Indiwidu21s they serve
Ir 5trenglhen5 entire commuDItiP5 and
Improves Lhe overall quality of niental
P05ilive change.
Annual Report 2024

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feeling cared for
B•lng ¢onne¢ted
iihfsAnd
Programm?
Act5vltl*s
eniber
Programmo
A¢tlvltl•s
comrnunybLIyE
Ember Mental Health
Globol
Pro9r¥mm•
Actlvltles
FPVlaTrd IrwD5trMrt
ktsl Iwypl
Annual Report 2024
12

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Being seen
Pro9ramm•
Actlvllles
eniber
Ember Mental Health
Globol
Progr•mm•
A¢tlvltl•s
Ity'.lie I
Annual Report 2024
13

Ouryear
At a glance
MENTAL HEALTH
& WELLBEING
Feellng connected
and supported
Feellng empowered
Progr•mm•
Actlvltles
Programm•
Actlvltles
¢hiry•ofih*rll
nrrtd%
IT•oIMr
YMM
.fi
Programme
Attlvltles
Progr•mm•
Actlvltl•s
2YMMi IrfvI￿d10r￿I
Programm•
Acllvltles
Programme
Actlv5tl•s
as￿lIa511￿*￿VetQ G￿v
Programm•
ActlvltSes
140, molnè15
has* 1thtr1￿￿Ed
YMM Project
Programm?
Actlvltle5
Zimbabwe
When young mother5 aged 18 and 25 living with HIV.
re51ding In stsme of the r*mot+5t parts tsf Ihe worl
are connected to a Safe virtual space for the first time.
il helps ihem unburden Lhemselves by sharin9 iheir
vulner)bilitlP5. Feeling and heaTd In a community
of people with shared expeTience5 cataly5e5 the ripple
Imllh I￿￿￿1¥uppO
5torie5 at glob,)I plotfoims. and encouraging thpm
on a journey toward5 financial independence.
Annual Report 2024
14

EDUCATION &
LIVELIHOODS
F2ipple effects examples
15

Ouryear
At a glance
Education &
Livelihoods
We fecognise kne diver6i+y and
coMpleXih4 Qtpeoplel6 liva6 in IDd44'8
me8. When p8op14 re¢xive +h4 +Ailore&
wpport+h¢y need, iFeqvipE+hern +0
ThwXirni8e+heirpoF¢r¢kial L2ndPUrn
+heir dre4rn%.
Marakwet
Project
Kenya
Programme
A¢tlvltl•$
ncrfMallybvd￿l￿1osi￿dVd
Annual Report 2024
16

ARTS
F2ipple effects examples
17

Ouryear
At a glance
Arts
A++he 6th fovnd44ion Lue envi%ion
a w9￿d Where ¢ve¥Nbod4 ¥IAV¢
ccess+o eXcelleThF eXP8fiellCe8
aMdoppof+vnikn¢s. hAs+he power
+0 +rrtn6fr)yth liv¢s- eveThb)oG
d4seWe6+o experience i+.
Spltalflelds Muslc
Pro9ramm•
Actlvltles
We liave supported thè musi¢lan Saièd Silbak a
Palestinian mu51cian based in the UK to work on the
thoiT4¥Dr
folklore in a tontempor3Ty light, mixing traditional and
contemporary instruments
Annual Report 2024
18

Our Future Plans
We have been deeply motlvot•d by wltne$$lng th• rlpple effect flr$thond of how support. care.
and empowerment transform Indlvlduals and radlat• outward to communltl•$. or9anlsatlons. and
socletle5. We want to remaln relevant and responsive lo what is going on in the world and lo our
partners. needs.
Th1$ y•*r. w• h•v• work•d on d•v•loplng ambltlous $trat•g1•$ •¢ro$$ our two cor• focus ar•a$-
Mental Hcalth and Wcllbeing (Ember Mental Heallh, Zumbldo Health) and Arts-wlth a clear vlslon
to expand thls rlpple effect and reach even more p¢ople. fo$t¢rln9 9r¢at•r Impact and ¢hang¢. Our
future plans reflect th15 commltment to ensurlng that the p051tlve effect5 01 our work contlnue to
grow •nd touch more Ilvej •round the world.
The Ember Fund
The Ember fund ha5 exhibited
a promising growth trajectory
since its inception, and
we are poised to sustain
this momentum In the
forthcoming years with Lhe
vision of becoming the largest
lunders fully committed to
investing in CBMHIS globally
Our projections envision a
targeted growth for the Ember
Fund to attain $6 mllllon in
the next three year5. which
would allow Ember to
5ur)port 30 to 40 CBMHI5,
amplifying Ember s positive
impact on a broader s¢ale.
rnaking mental health
support accessible to all.
Zumbido Health
As we celebrate a decade of
piloting Khuluma in South
Africa, we are committed
to bLJilding on this success
Over the next five years, we
viill grow Zumbido Health
into a youth-led Initiative that
empowers adolescents and
young people. both in South
Irica and beyond, to navigate
their lives with confidence.
8y focusing on psychosocial
support, vocational training,
and skills development. we
slrive to help young pèople
not only navigate their own
lives but also uplift those
around them
Arts
We envision a future where
everyone, regardles5 of
background, has access
to exceptional arLi5Lic
experiences Our Arts strategy
reflects this commitment
by fostering broader, more
diverso audiÈnces and
ensuring that the arts enrich
as many lives as possible We
aim to harness the ptswer of
the 8rt5 85 £ tool for Social
change. raising awareness
and Inspiring audience5 to
engage with complex global
challonges OLJr strategy
focu5es on driving Inclusivity
by helping established
Our strategic aim is to
spark a ripple effect within
the philanthropic 5phere-
to inspire and encourage
private foundations and
philanthropist5. currenily
funding in difforont areas, ro
Invest in the mental health
sector. Our SLrategy also
Includes exploring different
private 5CCtor indu5trie5
where montal health
could be a relevant
topic to address and to
support This underscores
our commitment to
fostering cros5%ectoral
collaboration lor increased
Investment In CBMHIS.
ZLJmbido Health will also
scale up the Khuluma
Menior program, providing
opportLJnitiÈs for alumni ro
contribute to the sustain£billty
of Ihe program while
empoweriiig new participants.
8y supporting their education,
empluyment, and mental
well-being. wf are building a
ripplc cffect of positive change
lor the next generation
arts insritutions become
More accesslble to dlverse
art15tS 8nd communities.
Additionally. we will empower
emerging £rt15t5 by providing
the essential resDurcos they
need to thrive Over the
nexL three years. we are
expanding OLJr arrs work
globally. with a special focus
on building parinerships
across Africa. while
continuing to streiigthen
our collaborations with
key institutions such as
the Barbican. Bloomsbury
Festival, and tho Royal
Academy of Music.
Annual Report 2024
19

Our Board of
Our
Partners
We extend nur hpartfelt gratitude to our Co-founders ancl
Co-chairs. Professor Dame Henrletta Moore and Professor
Maurl¢e Blrlottl OBE. along with our Trustee, Profe550r Sarah
Fldler, for their Invaluable guidanco. motivaiion. and supporL
This year. we would like to give special recognilion io the
establishment of SHM Foundation Africa, based in Nairobi,
Kenya We aro dèeply Inspired by our Diiecrors, Rose Walthaka,
Am15a Rashld. and Rosebella Iseme. as well as Cathy Mputhl
and the C. Mputhla Advo¢ate$. whose instrumental support
made the creation of this enrity possible,
We are deeply grateful to our long-
standing supporiers. the Vltol
Foundatlon Lfjihose Invaluable
contribution5 have played a key role in
LfaT)slorrYiing Lhe Global Mental Healih
fleld and advanoing elfoils iobvards
bcttor montal hoalih funding
We have also had the pleasure of
Strengthening Our partnership and
dovcloping now program5 With tho
Bartlelt Development Plannlng Unlt
IDPVI al Unlv*r$lty Coll•ye Lot)dot)
UCLI.
Uvrtd Viiv
FomthlTrJn
H•ttllhe4r•
L8sily. our graiitude goes 10 SHM
Produ¢iions Liniiled, QUT m8ln
parrner and pillar Their unwavering
support has been lnsirumeni8110
our %uttèSS4hank ytsul
('IIOONtR
We would algo like to ext&nd our
Kokgro Ch•ng•. S¢hoon•r Foundatlon.
and Plnt•rest WL. &rL' truly hoDoiL,d
that they have chosen toioln us In our
mission 10 Iraiiglorm thp Global Mpntal
oalih landscapc Addilionally. il has
been a pleasure lo collaborate with
crillcal Impor13nce ol suppofLlng those
who support othpr4
T¥thKIIry
Thanks to the coniinLJed support ol
nur ca-funclprs-VIIV H•althc•r•. the
Vltol Found4tlon, and Ihc T•ll•*
Found•tlon-wE have been able lo
Scdli, dnd rL'plICdtL. thl, Zumbldo H••lth
rnodel acro55 Solilhern Afrira working
closely wilh our Implementation
and acadom1c partno.r£, Zvandlrl In
Zimbabwe and K•hfon¥ Hospltal In
Pretoria. South Aliica
AFRI£AiD14
MH
20

Our policies
Polleyon r•••rv•
Polley on grant maklng
Addltlonal gov•rMne•
l$sue¥
Two of the Trustees are directors
and 5hareholder5 01 SHM
Producrions Limired During rhe
last year, the Charity's principal
sources ol funds were donations
received from SAM Productions
Llmiied as well as donations made
by other charilable btsdies to
clevelop collaborative projects with
thÈ Foundation Tho Fc)undation
alway5 works collaboratively with
partner organi5ation5 that Share
its charilable goals and objectives
to ensure gtstsd governance and
souiid finaiicial management
Tru•t•u' eon•ld•ratlon
of major rl•k• and
th• syst•m• and
pro¢•dur•• to
m•nag• th•m.
The Trustees consider on a regular
basi5 il there are any major risks Lo
The SHM FoLJndarion along with
any risks there mighi be to specific
project5 that they are currently
running. The Trusrees are confident
that there £re adequate Systems
and procÈdures In placÈ for
reviewing risks and will contlnue to
keep these processes under review.
There is £259.742,44 in rhe
Saving5 accounl. The Trustee5 havè
decided to mainrain free reserves
in unrestricted funds in the
Savings accouni ai J level whlch
equates to 8pproximately 10-12
Months of unrestrietecl chariLJble
expenditure The trustees consider
that this level wlll provlde 5ufflclent
funds for the running of the
Foundalion assuming no other
funds are received
The SHM FoLJndarion's grant
making has continued to locus
this year on grants that support
project5 in health, learning,
citizenship and the arts Proposals
8re invited by the TrLJslees or
Initlated at their request. The
Foundation works directly with the
beneliciarle5 01 each ol Its proiecL5.
Unsolicitecj requests for funding
are nol encouraged.
Annual Report 2024
21

Our financials
Th• SHM Foundatlon
grant• w•r• mad• to th•
followlng projects:
A grant of £32.548.57 was made
toward5 the Marakwet Education
Project.
ProJ•et Emb•r:
Donatlon•:
Ajoinr funding model between rhe
Schooner Foundation, Pinterest,
Kokoro Change. Vitol Foundation.
SHM ProdLJCtions Limited and the
SHM Foundatlon allowecl us to uive
out gr8nts to the Ember p8rrners A
total of £ 124.037.00 was made to
Hope Restoration & Health Initiative,
Global Mental Health Peer Network.
Girls lor Girls. Church ol Uganda
Kisii2i Hospiial. Meiilal Health &
Wellbeing on Campus, KPSI. The
Taala Foundation. ACUFA, Burans and
Positive Konnections- Renewal.
W• r•c•lv•d a total of £905,259.28 In
donatlon5 and grants.
We received a grant from Vitol
Foundation for the Ember Project.
We received donarions ol
£422,807.25 Irorn SHM Production5
Limirecl.
We received a grant from Telles
Founolation lor the Khulurna Project.
A grant of £5,000.00 wa5 made to
the Primadonna Festival.
We received 8 donation from
Roddenberry Foundatlon.
We receivecl a gr2nL from Viiv
Healthcare for The Young Mother's
Lounge Project.
We received a grant from the
Schoone¥ FoundEtion lor the Ember
Projecr.
Annual Report 2024
22

Statement of Trustees, responsibilities
The Trustees are responsible for preparing the
Trustees report and the finaiicial 5tatement5
In accordancè WlLh applicable law and Uniiod
Kingdom Accounting Standard5 (United Kingdom
Generally Accepred Accounting Practice).
The Trustees are responsible for keeping adequate
accounting records that are 5ullicieiit to Show
and oxplain Ihe Charitys transactions and disclosè
with reasonable accuracy at any time the financial
posILion off the Charity and Ènable Lhem to ensure
that the financial statement5 comply with the
Charitles Aci 2011, Ihe Charity (Aceounis and
Reporisl FlegulatiDns 2008 8nd the provisions
ol the Tru5L deed. They are also re5pon5ible for
safeguarding the assets of the Charity and hence
lor taking reasonable step5 for the prevention anol
derection of fraud and other irregularities
The law applicable ro charities in England & Wales
requires the Trustees to prepare linaiicial
statements lor each financial which give a true
and fair view of the state of affair5 of the Charity
and ol ILS incoming resources ancl application
of resoLJrces, including its income and
expencliture, for Lhat period. In prep2riniJ these
financial statemenrs, rhe Trustees are required
to
Approved by order of the members ol the board of
Trustees signed on their beh211 by..
Prof•uorHL Moor•
selecl 5Uit2ble accounting policies 3nd then
apply them consistently.,
observe the methods and principles ol rhe
Charities SORP IFFIS 1021.,
make jLJdgements and accounting
estimate5 Lhat are reason£ble and pruclent.,
state whether applicable UK Accouniing
Standards IFRS 1021 have been followed.
subjeci LD any material departures disclosed
and explaimed In the fimamcial statements-.
prepare the financial 5tatement5 On
Ihe going concern basis unless Ir is
inappropriate to presume that the Charity
will continue in businoss.
Dale.. 16 April 2025
Annual Report 2024
23

the SHM
foundation
Contact detalls:
Annual Vl•p•rt 2•24
24

THE SHM FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examinerfs Report to the Trustees of The SHM Foundation I'the Charity,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August
2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act')-
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145{5)Ib) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no 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 2011 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 cOn￿rnS 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated: 17 April 2025
Fiona Hawkins
FCA
James Cowper Kreston
Chartered Accountants
2 Communications Road
Greenham Business Park
Newbury
Berkshire
RG19 6AB
Page 25

THE SHM FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
481,665
423,593
3.251
905,258
3.251
989,927
1,378
Total income
481.665
426.844
908.509
991,305
Expenditure on:
Charitable activities
426A05
490.232
916.637
846,576
Total expenditure
426A05
490.232
916.637
846,576
Net incomel(expenditure)
Transfers be￿een funds
55,260
(10.362)
(63,388)
10.362
{8,128)
144,729
13
Net movement in funds
44.898
(53.026)
{8.128)
144,729
Reconciliation of funds..
Total funds brought forward
346.283
634.540
980.823
836,094
Total funds carried forward
391.181
581.514
972.695
980,823
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 29 to 42 form part of these financial statements.
Page 26

THE SHM FOUNDATION
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
11
9,953
985.934
27,362
989,658
995,887
1,017,020
Creditors.. amounts falling due within one
year
12
{23,192)
(36,1971
Net current assets
972.695
980,823
Total assets less current liabilities
972,695
980,823
Total net assets
972.695
980,823
Charity funds
Restricted funds
Unrestricted funds
13
391,181
581.514
346,283
634,540
13
Total funds
972,695
980,823
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Professor H L Moore
Trustee
Date= 16 April 2025
The notes on pages 29 to 42 form part of these financial statements.
Page 27

THE SHM FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
{3,723)
161,095
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(3,723)
989,657
161,095
828,562
Cash and cash equivalents at the end of the year
985,934
989,657
The notes on pages 29 to 42 form part of these financial statements
Page 28

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102} published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has Sin￿ been withdrawn.
The SHM Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balan￿ Sheet. Where income is re￿iVed in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly
to that activity- Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources eg allocating property costs by floor areas or per capita, staff costs by the time
spent and other costs by their usage.
Donated staff costs have been all¢xated based on the number of hours worked on each activity
based on an average hourly rate.
Donated facilities costs have been allocated based on a propoartion of office expenses determined
by floor space used.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 29

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
1.3 Expenditure (continued
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1 A Interest receivable
Interest on fiJnds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities
Liabilities are recognised when there is an obligation at the Balan￿ sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
1.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the ex￿ptIon of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
Page 30

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
1.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtheran￿ of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are frjnds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions=
The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. There are no accounting
estimates which are considered material.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Donations from SHM Productions Limited
Expenses paid on behalf of the charity
Donated stsff and faciltiies
Other donations
284,000
1,326
137,481
786
284,000
1.326
137,481
786
477,500
8,918
130,045
Total donations
423,593
423,593
616,463
Grants
481,665
481,665
373,464
Total 2024
481,665
423,593
905,258
989,927
Total 2023
373,464
616,463
989,927
Page 31

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest receivable
3,251
3,251
1,378
Total 2023
1,378
1,378
Anatysis of grants
Grants to
Institutions
2024
Total
funds
2024
Total
funds
2023
Health
124,037
32,549
5,000
124.037
32,549
5.000
118,360
27,966
3,000
Learning and citizenship
other
161,586
161.586
149,326
Total 2023
149,326
149,326
Page 32

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of grants (continued)
The Charity has made the following material grants to projects during the year..
2024
2023
Name of project
Marakwet Education Project
Ember
32,549
124,037
27,966
118,360
1,000
2,000
Behind the Door
Other People's Films
Primadonna Festival
5.000
161,586
149,326
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Health
388,856
400,812
789,668
695,697
3,562
74,665
42,426
30,226
Arts
Learning and citizenship
Other
32,549
5,000
13,581
46,658
29,181
46,130
51,658
29,181
Governan￿ cost
426,405
490,232
916,637
846,576
Total 2023
334,747
511,829
846,576
Page 33

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of expenditure by activities
Activities
undertaken
directly
2024
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Health
427,326
124,037
238,305
789,668
695,697
3,562
74,665
42,426
30,226
Arts
Learning and citizenship
Other
Governan￿ cost
11,638
46,658
32,549
5,000
1,943
46,130
51,658
29.181
29,181
485,622
161,586
269,429
916,637
846,576
Total 2023
479,587
149,326
217,663
846,576
Anatysis of support costs
Total
funds
2024
Total
funds
2023
Staff costs
73,217
167,031
29,181
16,974
170,463
30,226
Workshop team expenses
Governan
269,429
217,663
Independent examiner's remuneration
2024
2023
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respect of..
Accountancy services
2,382
2,205
4.695
4,347
Page 34

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Pension
94,680
9,300
3.787
82,554
7,858
3,142
107,767
93,554
The average number of persons employed by the Charity during the year was as follows:
2024
No.
2023
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
10.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits12023 - £NIL).
During the year ended 31 August 2024, no Trustee expenses have been incurred {2023 - £NIL}.
11. Debtors
2024
2023
Due within one year
Other debtors
Prepayments and accrued income
80
27,282
9.953
9,953
27,362
Page 35

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12.
Creditors: Amounts falling due within one year
2024
2023
Trade creditors
14.031
19,205
2,856
1,084
1,311
11,741
Amounts owed to related paty
Other taxation and social security
Other creditors
Accruals and deferred income
427
1,657
7.077
23,192
36,197
Page 36

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds
ststement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Ember fund
Transformation fund
1,132
10.034
1,132
10,820
786
786
11.166
11,952
General funds
General Funds- all fijnds
634,540
426.058
(490.232)
(804)
569.562
Total Unrestricted funds
634,540
426,844
1490,232)
10,362
581,514
Restricted funds
Ember
291,592
5,965
604
335,532
46,133
(277.975)
(15,792)
(10.295)
338,854
36,306
604
Khuluma
Zvandiri
Goalkeepers
AT2030
67
18,984
10,293
6,813
11,438
527
167)
(18,984)
(10,293)
(103.167)
(194)
Project Noor
The Young Mother's Lounge
Royal Academy of Music
Me Later Leer
100.000
3,646
11,244
527
346.283
481.665
1426.405)
(10.362)
391,181
Total of funds
980,823
908.509
(916.637)
972.695
Page 37

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
Restricted funds
Ember
Ember is a mental health initiative of the SHM Foundation which finds, mentors and funds excellent,
community-based mental health initiatives in low-resoUr￿ settings so that they can grow and thrive.
Khuluma
Khuluma Productions is a continuation of our long-standing program, Khuluma, which we have been
running in South Africa since 2013. The project aims to support long standing Khuluma mentors with their
mental health & wellbeing, and enhan￿ their employability skills.
Zvandiri
Zvandiri is a community-based organisation in Zimbabwe that seeks to ensure adolescents living with HIV
have the knowledge, skills and Confiden￿ to live healthy, safe and fulfilled lives. Through Zvandiri,
adolescents living with HIV are trained and mentored to provide prevention, treatment, care and support
services to their peers.
AT2030
A large-scale research and innovation programme involving 9 million people that aims to improve access
to lifechanging Assistive Technologies (AT} such as wheelchairs, hearing aids, glasses and digital
assistan￿ (including smart phones and accessible sO￿are).
Project Noor
The aim of the project is to work with a demographic group that is particularly disadvantaged when it
comes to securing a de￿nt livelihood.. older refugee women of Middle Eastern heritage. The purpose of
this project is to support these women into employment or selfemployment by the end of the project
through working with them to codesign solutions to the barriers they face in getting there.
The Young Motherfs Lounge
The project aims to scale up an integrated virtual support system for pregnant and breastfeeding mothers
living with HIV to improve health & wellbeing.
Royal Academy of Music
We have worked on a project with the Royal Academy of Music, an institution that nurtures talent,
scholarship and performance at the highest level of classical music. Programmes dedicated to
community outreach, and to widening aC￿sS to and participation in the Academy's activities, are core to
their mission.
Page 38

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
ststement of funds - prior year
Balance at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Unrestricted funds
General Funds- all funds
528,528
617,841
(511,8291
634,540
Restricted funds
Ember
184,460
32,164
604
281,925
(174,7931
(26,1991
291,592
5,965
604
Khuluma
Zvandiri
Goalkeepers
AT2030
67
67
19,184
47,043
23,517
(200)
(36,7501
(93,243)
(3,5621
18,984
10,293
6,813
11,438
527
Project Noor
The Young Mother's Lounge
Royal Academy of Music
Yathu Yathu
76,539
15,000
527
307,566
373,464
(334,747)
346,283
Total of funds
836,094
991,305
(846,576)
980,823
14.
Summary of funds
Summary of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
786
11.166
(804
(10.362)
11.952
569,562
391.181
634,540
346,283
426,058
481.665
1490,232)
(426.405)
Restricted funds
980,823
908.509
(916.637)
972.695
Page 39

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Summary of funds (continued)
Summary of funds - prior year
Balan￿ at
1 September
2022
Balance at
31 August
2023
Income Expenditure
General funds
Restricted funds
528,528
307,566
617,841
373,464
(511,8291
(334,747)
634,540
346,283
836,094
991,305
(846,576)
980,823
15.
Analysis of net assets between funds
Anatysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Current assets
391,181
604,706
(23,1921
995,887
(23,192
Creditors due within one year
Total
391,181
581,514
972,695
Analysis of net assets between funds - prior period
Restricted
funds
2023
Unrestricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
346,283
670,737
(36,197)
1,017,020
(36,197)
Total
346,283
634,540
980,823
Page 40

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net incomelexpenditure for the period (as per Statement of Financial Activities)
(8,128
144,729
Adjustments for:
Decrease in debtors
17,410
113,005
2,544
13,822
Increaselldecrease) in creditors
Net cash provided byl(used in) operating activities
(3,723)
161,095
17.
Anatysis of cash and cash equivalents
2024
2023
Cash in hand
985.934
989,657
Total cash and cash equivalents
985,934
989,657
18. Analysis of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
989,657
(3,723)
985,934
989,657
(3,723)
985,934
Page 41

THE SHM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Related party transactions
During the year the charity entered into the following transactions with SHM Productions Limited=
2024
2023
Donations made to SHM Foundation
Donated use of premises
Donated use of staff
Expenses paid on behalf of the charity
284,000
23,943
113,538
1.326
474,161
17,236
112,809
8,918
422,807
613,124
At the year end, £Nil (2023: £2,856) was due to SHM Productions Limited.
The following Trustees of SHM Foundation are also directors and shareholders of SHM Productions
Limited.. Professor M Biriotti and Professor H L Moore.
Page 42