REGisfERED CHARrrY NUMBER: 1151036
Report of the Trustees and
Unaudited Finaneial Statements
for the Yegr Ended 31 March 2025
Tenbury NIiS Scheme
Streets Dyke Ruscoe Ltd
110 Corye Street
Ludlow
SHROPSHll
SY8 IDJ

Tenbury IYILS Scheme
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
I to 4
Independent Examiner's Report
Statement of Financial Aetivities
BAIAnce Sheet
Notes to the FinaDciAI StgtemeDts
to 13
Detailed Statement of Flnand*l Aetivitieg
14

Tenbury NILS Scheme
Report of the Trustees
for the Year Ended 31 March 2025
The trnstees present their report with the financial statements of the cbarity for the year ended 31 Marth 2025. The
trustees have adopted the provisions of A(xounting and Reporting by Chariti¢s: Statement of Recommended Prnctice
applicable to Ch￿7t]eS preparing iheir accounts in accordance with the Financial Reporting Standard appli¢able in the
UK atkd Republic of treland (FRS 102) (effective l January 2019).
ORTECTIVES AND Ac[Iv￿lEs
Objectives and aims
The Trustees have considered the Charity Commission's public benefft guidan￿ Wh￿ reviewing aims. planning
activities. and setting grdnt FK)licie5. The Charity provides oneaoff of up to £5￿ for essential livin8 needs.
emergency removal4 and travel. grants over £500 8re available at the Boar&s discretion.
The Trustees are pleased that the achievements and perforniance of the Charity demonstrth the continuing delivery of
public benefiL
Publ1¢ benefit
The trustees consider the charity to be a public benefit entity.
FINANCtAL REVIEW
Principal funding sources
The 2024 - 2025 year commenced with the Charity in good fllwicial health with funding from regular partneTS.
Charitsble fijnding continued to be secured. and NtLS was successful in obtaining several grants. This enabled the
ongotng provision of essential support to individuals in need.
The greatest challenge, however, continues to be securing funds to support the charity's running costs which, along with
the number of clients to whom the *am has provided suppo¢ have continued to grow.
The charity's work is funded by grants from Lwal Authoritie& whose sUp￿rt is essential for our operations.
Investment policy and objectives
The Trustees have the power to dewsit or invest funds in any Law￿1 manner as they shall in their absolute discretion
think fit and having regard to the suitability of the investment and the need for diversification. Advice is sought by the
Tn￿te¢S from Pi)ol House Professional Advisor5 Lirnited
Reserves poliey
The reserves at the year end comprised the capital fund and income fund.
The Trnstees have used the annual net income for grant-making and related suP￿rt and governance rAtsts.
The Trustees previously maintained the capital fund to generate income for fijture charitsble activities. In 2024,
however, high inflation led to its use for operating cost& Additional legacy funds are expected to be used this fman¢ial
yvdr.
Going concern
We expect the demand for support from NILS to remain high and will continue to do whatever we can to support thos¢
worst affected.
FUTURE PLANS
With the financial crisis ongoing and high demand expected to persis¢ the Charity rem8ins committed to effective
operdtions, responsible funding atlo¢3tion. and investment management aligned with its charitable objectives.
STRucfuRE, GOVERNANCE AND MANAGEMENT
GoverDing document
The charity is controued by its governing thKumenL a deed of trust and ￿nStItuteS an unincorporated charity.
The Charity is an unin¢orporated ¢harity established by deed of trust dated 28 February 2013 (the"Trust Deed" ).
Page I

Tenbury MLS Scheme
Report of the Trustees
for th¢ Ye*r Ended 31 March 2025
STRucfuRE. GOVERNANCE AND MANAGEME￿[
Recrnitment and appointment of new truste
The TtUStee5 serving during the year and Sin￿ the year end were as follows:
David Stevens (Chair), Mark Inglls, Sue Ha￿lSon-stone and Gary Timlin.
The Trust Deed allows continuing elective Tnths to aP￿int new elective Tn￿te¢s. Theff are no minimum or
maximum terms of service.
Mr Gary Timlin wds appointed as a Trustee on 13th June 2024.
Organisational strueture
During the year. the Charity wa5 administered on a daily b&8is by a small, d￿iCated team headed up by the Chartty
Manager, assisted by a Trust Administrator.
The Charity fmances were administettd by Finance Manager, who repotts direcdy to the trustees.
The Trustees have met fomiatly with the Charity Manager and Finance Manager on five ocwions duTing the year. The
chair of Tntstees also maintsin regular contact with the Charity staff.
Decision mAking
At meetings. decisions will be made by a majority of the tr￿SleeS present and Voting on the question. The person chairing
the meeting shall have a ¢asting v(rte.
Key man4gement remunerntioD
The Trustees consider they. tygether with the Charity Manager and Finance Manager comprise the key management
personnel of the Charity who are in charge of diffcting and ¢ontrolling, running and operating the Charity on a
day.to4ay b&8is.
All Trustees give their time freely and no Tn￿tee received remuneration in the year.
The pay of the stsff is reviewed annually 2nd nonnally increased in accordance with infiation data each year.
Grant maklng poliey
The Trustees confirni that they have refenrd to the guidance contsined in the Charity Commission's genernl guidance on
publi¢ benefit when reviewing the ch￿ity'S aims and objectives and in planning futyre &tivitics and setting the
grant-rn&king ￿lIcY for the year.
The Tenbury NILS Scheme offers nfrinterest loans and grants to p￿PIe in urgeni fmancial need across Worcestershire,
Herefordshire, and Shropshire. Recently, the program has prioritised direct grants, &spe¢ially in response to the cost of
living Grisis.
Local funders have been keen to work with MLS to directly help local wple in (Tisis and the operations of the Charity
have evolved to mttt the needs of fimders and clients.
NILS purchases essential items up to £500 (such as white goods. household 8￿)d$. emergcncy removals, and travel
passes) for clients, using local businesses when po￿lb1¢.
Clients genernlly receive benefits or have a low income. Their eligibility is eva]uated based on crlteria ￿tablished by the
tr￿tee$. Grants and loans are not Provided in cash and must be used solely for their des]￿ted purp)ses.
Related parties
None of the T￿￿tee5 receive remuneration orother tKnefrt from their work with the Chality.
None of the Tn￿e¢S have any beneficial interest in any service5 supplied to the Charity.
Page 2

Tenbury Ntts Scheme
Report ofthe Trnste
fortheyear Ettded 31 MRrch 2025
STRucfuRE, GOVERNANCE AIYD MANAGEMENT
Risk mAnagement
The Trustees have a risk management strategy. including a regularty updatsl Risk Asse&sment which is fornially
approved annually by the Trustees al￿ which comprises:
- a regular review of the risks the Charity may face.
- the establishment of systems and procedures to mitigate those risks identified in the plan; aDd
the implementation of procedures designed to minimise any Wntial impact on the Charity should those risks
matsrialise.
Particular attention Iw focused on risks in respect of income, gr8nt-making pNwses, pg)ple and frchnolo&v.
A key clement in the management of financial risk is its ￿gular review by the Tn￿e¢s.
The Trustees have given wnsid¢ration to the main risks to which the Charity is exposed and are sattsfied that systems
and procedurts are in place to manage these risks.
TRUSTEES, RESPONSIBILITIES STATEMD
The Ttustees are responsible for preparing the Rewrt of the Tn￿eeS and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable lo Charities in England and Wales requires the Tntstees to prepare financial statements for each
financial year which give a true and fair view of the slate of affai15 of the Charity and of the incoming resources and
application of resources of the Chatity for perio
tn preparing these financial ststements, the Tntstees are required to:
select suitsble accounting poli¢ies and then apply them ￿nSistenI1y.
- observe the methods and principles in the Charities Strtement of Recommended P￿tice 2019 (FRS 102). _ make
judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have been fouowel subject to any material dwarttjns disclosed and
¢xplain¢d in the financial statements. and
- prepart the f￿anCIal statements on the going concern basis unless it is inapptopriate to presume that the Charity will
rA)ntinue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with re&sonable accura¢y at 8ny time
the financial F¥)Sition of the Charity and enable them to ensure thai the financial statements comply with the Charities
Act 2011. and where relevanL the Charities Act 2022. the Charity (A¢ciJunts 8nd Rep)rts) Regulations 2008 and the
provisions of the Trust De￿.
They are also responsible for safeguarding the &8sets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other iffegularities. The Trustees are res￿nsIble for the maintenance and integrity
of the Charity and financial infomiation included on the Charity's website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
REFERENCE AND ADMINisfRATIVE DETAIts
Registered Charity number
1151036

Tenbury NILS Scheme
Report of the Trnstees
ror the Year Ended 31 March 2025
Principal addre
cjo dhjh LLP
81 Teme Street
Tenbury Wells
Worcestershire
WR15 8AE
Trustees
M Inglis
S Harrison-stone
D Stevens
G Timlin (appK)inted 13.624)
ndependent Examlner
Mr S C Davies
Streets Dyke Ruscoc Ltd
I l O Corye Street
Ludlow
SHROPSHtRE
SY8 IDJ
Advisers
Investment Advisevs:
Pwl House Professional Advisers Ltd
Dam Street
Lichfield
WS13 6AA
Investment Custodi8ns:
AJ Bell
4 Exchange Quays
Man¢hes¢er
M5 3EE
OTHER OFFICIAIS
Charity manager- Heather Baylis
Finance manager. L¢sley Jenkins
Website- httpsJ/nils.org.uk
Approved by order of the bcord of trnstees on............................................. and SI￿ on its Ixhalf by:
D Stevens . Trustee
Page 4

Independent Examiller's Report to the Trnstees of
Tenbury Tr41LS Scheme
Independent examinerfs report to the truste¢s of TeDbury Nlls Scheme
E report to the charity trw8te&s on my examirthon of the actounL8 of Tenlxry NILS kheme (the TTUSt) for the year
ended 31 March 2025.
Responsibilttles aDd b4$b of report
As the ¢harity tnLStees of the Trust you are r&SpOn￿ble for the prwatton of the a¢LX)unts in acwrthce with the
requirements of the Ch￿ltieS Act 2011 Cthe A(*).
I report in respect of my examination of the TTUSt's aLwunts ¢aTTl￿1 out under Sethion 145 of the Act and in carying out
my ¢xamination I hav¢ followeAI all applicable Dir&#i0Th8 given by the Clwity Commission under Se¢tion 145(5)(b) of
the Act.
Independent examiner's staternent
I have completed My exwnination. I ¢4)nfinn that no material matters have ¢(xne to my attention in 0x)n￿tiOn with the
examination gtving me Ca￿ to believe that in any material r&spect:
accounting records WCTC not kept in re$￿t of the Trt￿l as required by Section 130 of the ACL or
the a¢¢ounts do not a¢cord with those records. or
the accounts do not comply with the applicable Tequirements concerning the forn) and rA)ntort of accou￿ set out
in the Charities (Accounts and Rewrts) Regulations 2￿8 other than any requiTement that the accounts give
true and fair view which is not a matter ¢0rn8idered as part of an independent examination.
I have no Concen￿ and have come across no other matters in connethon wth the examination to which attention should
b¢ drawn in this report in order to enable a understanding of the accounts to be reached.
Mr S C Davies
Streets Dyke Ruscoe Ltd
110 Corve Street
Ludlow
SHROPSHll
SY8 IDJ
Date.. ..2a...o.atob¢r.....R.Q2b

Tenbury NItS Scheme
ststetnent of Financial Activitie5
for the Year Ended 31 M4r¢h 202S
2025
Total
funds
2024
Tot
fjjnds
Unrestrlthd ReStri￿¢d
fund
funds
Notes
INCOME AND ENDOWMEl￿s FROM
Donations and legacies
128.672
106,249
234,921
181,380
EXPENDITURE ON
CbAritable &etivities
Outw¢h Proje
Other restricted activities
Other unrestricted activities
2.190
113.724
2,190
113.724
1,070
2,433
133,230
3.477
1,070
Other
52,970
52,970
64,026
Total
54,040
115,914
169,954
203,166
Net gains on inveslments
4.137
4.137
9,583
NET INCOMEI(EXPENDITURE)
Transfers between funds
78,769
2.874
(9,665)
(2.874)
69,104
(12.203)
io
Net movement in funds
81,643
(12,539)
69.104
(12,203)
RECONCILIATION OF FUNDS
Totsi funds brought fonyard
166,806
30.791
197597
209,800
TOTAL FUNDS CARRIED FORWARD
248,449
18252
266,701
197,597
The notes forni part of these financial statements
Page 6

Tenbury NLiS Sch¢me
Balance Sheet
31 March 2025
2025
Total
2024
funds
funds
FIXED ASSETS
Tangible assets
Investments
235
134.728
235
134,728
1,030
130.591
134,963
134.963
131,621
Debtors
Pr¢pav. ments and a￿Ued income
Cash at bank
41
658
119J22
41
658
138,570
41
631
69,503
19248
120,021
19248
139269
70.175
CREDITORS
Amounts fallin8 due within one year
(3,103)
(996)
(4.099)
(1.079)
NET CURRENfASSETS
116,918
18252
135,170
69.096
TOTAL ASSEf6 LE&S CURRENT
LtABfLITIES
251,881
18252
270,133
200.717
ACCRUAIS AND DEFERRED INCOME
{3,432)
(3,432)
(3,120)
¥4ET ASSETS
248.449
18252
266,701
197,597
FUNDS
Unrestri¢ted funds
Restricted funds
io
248.449
18252
166.806
30.791
TOTAL FUNDS
266,701
197,597
The financial statements were approved by Board of Tntstees and authorised ft)r issue on
Z3.. io...¥o.1S....... gnd were si￿eAl on its behalf by:
S HaTrison-Stone- Tnlstee

Tenbury NILS Scheme
Note5 to the Fin*n¢ial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the fillancial ststements
The f￿￿1¢la1 ststements of the Charity. which is a public ￿nefit cntity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and RetM)rting by Charities: Statement of
Re¢omrnendcd 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 l January 2019),.
Financial Rwrting Standard 102 The Financial Reporting Standard ￿PliCable in the UK and Republic of
Ireland, and the Charities Act 2011. The fmancial statements have been prepared under the historical cost
convention, with the exception of investments which are included at M￿et value. &$ modifiejl by the revaluation
of certatn assets.
Income
All income is reCO￿lSed in the Statement of Financial Activities only the ¢lwity has entitlement to the funds, it
is probable that the income will be Teceived and the amount can be measured reliably.
Expenditure
Liabilities alt reCo￿lSed as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it ts probable that a transfer of e¢onomi¢ benefits will be Tequired in settlement and
the amount of thc obligation can be me&8ured reliably. Expenditrjre is account￿ for on an a¢¢n￿lS basis and ha5
been classified under headings that awegate all cost ff lafrd to the Category. Whett costs cannot be directly
attributed to particular headings they have been all¢xated to activities on a b&sis consistrnt with the use of
rc50Ur￿s.
Tanglble fixed Issets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefijl
life.
Fixtures and fittings
Computer equipment
Straight line over 3 years
Straight line over 3 years
Tixation
The charity is exempt from tax on its charitable activities.
Fund a¢counttng
Unrestrtcted fijnds can be used in a￿rdance with the charitable objectives at the discreti¢)n of the trustees.
Restrtctcd funds can only be used for particular restricted purpos&8 within the objects of the charity. Restrictions
arise when specified by the donor or when fi￿d$ aTe rdised for partt¢ular restricted pUt￿SeS.
Further explanation of the nature and purpose of each fund is included in the notes fr) the financial statements.
Pension costs and other p￿t-re￿remt￿t ben¢fits
The charity operates a defined contribution pension scheme. Contributions payable to the charitys pension
scherne are charged to the Statement of Financial Activities in the period to which they relate.
continued...

Tenbury NILS Scheme
Notes to the Financial Ststements- continued
for the Year Ended 31 Mar¢h 2025
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for the year ￿ded 31 March 2025 nor for the year ended
31 March 2024.
Trustees, expenses
There were no trustges. re-imbursements paid this year.
STAFF COSTS
The averag¢ monthly number of employees during the year wa$ as follows..
2025
2024
Administration
No employees received emoluments in exLWS of £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtvrriES
Unrestricted
fund
Restricted
fimds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and lega¢ics
43.080
138,300
181,380
EXPENDITURE ON
Charit8bl¢ ¥rtivitles
Outreach Project
Other restricted activities
Other Un￿stricted activities
2,433
133230
2,433
133,230
3,477
3.477
Other
64.026
64,026
Totsl
67.503
135.663
203,166
Net gains on investments
9.583
9,583
NET INCOMEI(EXPENDITURE)
{14,840)
2,637
{12,203)
RECONCILIATION OF FUNDS
Total funds brought forward
181,646
28.154
209.800
TOTAL FUNDS CARRIED FORWARD
166,806
30,791
197,597
continued...

Tenbury NILS Scbeme
Note$ to th¢ Fin*neiAI Ststements- tontrnued
for the Year Ended 31 M4r¢h 202S
TANGIBLE FIXED ASSETS
Fixthres
Computer
equipment
fittings
Totals
COST
At l April 2024
Disposals
753
1.884
(564)
2,637
(564)
At 31 March 2025
753
1,320
2.073
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
753
854
795
(564)
1,607
795
(564)
At 3 l March 2025
753
1,085
1,838
NET BOOK VALUE
At 31 March 2025
235
235
At 31 March 2024
1,030
1,030
FIXED A&SET INVEsfMENrs
Listed
investments
MARKET VALUE
At l April 2024
Additions
130,591
4,137
At 31 March 2025
134,728
NET BOOK VALUE
At 31 March 2025
134,728
At 31 March 2024
130,591
There were no invesknent assets outside the UK.
The ￿dItiOnS of £4.137 represent the increase in value OV￿ the ye8r. net of disposals and adviser and
management charyes applied.
Page io
)ntinued...

Tenbury IYIIS Scheme
Notes to the Fillancial Statements- continued
for the Year Ended 31 March 2025
DE￿ORs. AMOUNTS FALLING DUE wrrHIN ONE YEAR
2025
2024
Other debtors
41
41
CREDrroRS: AMou￿[S FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Other creditors
3,375
724
444
635
1,079
ACCRUALS AND DEFERRED INCOME
2025
2024
Accruals and deferred income
3,432
3.120
io.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unrestrfeted funds
General fund
166,806
78,769
1874
248,449
Restrlcted funds
Outreach Project
Other restricted fitnds
2,19X)
28,601
(2,190)
(7,475)
{2,874)
18.252
30,791
(9.665)
(2,874)
18,252
TOTAL FUNDS
197.597
69,104
266,701
Net movement in fijnds, in¢luded in the above are as follows:
tncomin8
Resources
expended
Gatns and
losses
Movement
in funds
UDrestrieted funds
G¢neral fund
128,672
(54.040)
4,137
78,769
R¢strirted funds
Outreach Pmject
Other restricted fimds
(2,190)
{113,724)
(2,190)
(7.475)
106,249
106249
(115.914)
(9.665)
TOTAL FUNDS
234.921
{169.954)
4.137
69,104
Page li
continued...

Tenbury NILS Scheme
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
io.
MOVEMEIIT IIN FUNDS- continued
Comparatives for movement in funds
Nel
mov¢m¢nt
in funds
Ai
31.3.24
At 1.4.23
Unrestricted funds
General fund
181.646
(14.840)
166.806
Re$trleted funth
Outreach Project
Other restricted funds
4.622
23,532
(2.432)
5,069
2.1
28,601
28.154
2.637
30.791
TOTAL FUNDS
209,800
(12203)
197,597
Compardtive net movement in fi￿d% included in the above are as folk)ws:
Incoming
Resources
expended
Gains and
losses
Movement
in fijnds
Unrestricted funds
General fund
43.080
{67.503)
9,583
(14.840)
Restricted funds
Outreach Project
Other restricted fLmds
(2.432)
(133.231)
(2,432)
5.069
138.300
138,300
(135.663)
2.637
TOTAL FUNDS
181J80
{203.166)
9.583
(12.203)
A current year 12 months and prior year 12 months cornbined positlOD is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
181.646
63.929
2,874
248.449
Restrlrted fun
Outreach Project
Other restrirt￿ funds
4,622
23.532
(4.622)
(2,406)
(2,874)
18,252
28.154
(7.028)
(2.874)
18.252
TOTAL FUNDS
209.800
56,901
266.701
Page 12
continued...

Tenbury NILS Scheme
Notes to the Financi41 Statements- continued
for the Year EDded 31 March 2025
io.
MOVEMENT IN FUNDS- continued
A cu￿nt year 12 months and prior year 12 months combined net movement in funds. included in the above are
as follows..
Incoming
Resourres
expended
Gains and
losses
Movement
in funds
Unra5tricted funds
General fund
171,752
(121.543)
13,720
63,929
Restricted funds
Outreach Project
Other restricted fi￿d5
(4.622)
(246.955)
244.549
(4,622)
(2,406)
244,549
(251,577)
(7.028)
TOTAL FUNDS
416JOI
(373.120)
13.720
56.901
During the year various grants were received with ffstrictions attached. The balances stated below are all shown
under the '(hher restricted fvnds, fijnd..
Blhvd Income
Expenditure
Transfer
BAl&nee
Individual Sour¢e
National Fundtng
Source
Lwal Fundin8
sou￿¢
1.875
639
1236
18J47 106.¢XIo
111,443
2,082
10,822
8.379
249
1.642
6,194
Total
28,601
106249
113,724
2,874
18.252
The restricted fund balance brought foTrYard also includes £2,19) ￿gardIng the Outreach Project. This was set
up on 2017118 and enables NILS to reach out to rural communities in Shropshire, Herefordshitt and
Worcestetshire.The whole of this fund as been spent in the year.
REIATED PARTY DISCLOSURES
ii.
There were no related paty transactions for the year endtsl 31 March 2025.
GOING CONCERN
12.
The tn￿ consider that there are no materi81 uncertainties alx)ut the charity's ability tr) continue and the
finan¢ial statements have therefore been prepared on the goin8 concern basis.
Page 13

Tenbury NIIS Sebeme
Detail¢d Ststement of Fin4ncial Artivities
for the Year Ended 31 Mareb 2025
2025
2024
INCOME AND ENDOWMEwrs
DonAtions And legacies
Donations
Lega¢i¢5
Grants
1.171
loo.000
133,750
6,380
175.000
234,921
181,380
Total incoming resources
234,921
181,380
EXPENDITURE
Charitsble activities
Purchaseslwts given
114.794
136,708
Support costs
HumAn resources
Wages
Pensions
HR Support
17,522
339
20.120
277
866
17.861
21,263
Other
tnsuran¢e
Telephone
Postage and ststionery
Sundries
Professional fees
Prior year defautted loans
Computer eosts
Computer equipment depreciation
1,009
714
407
3,303
26,395
952
1,140
860
3,350
33,488
119
727
796
1,098
33J51
41.￿7
Governanee eosts
AGwunts and independent examiners fee
3,948
4,188
Total resources expended
169,954
203,166
Net In¢ompJ{expenditure)
64,967
(21,786)
This page doe5 not fonn part of the statutory financial statements
Page 14