Charlty Reglstratlon No: 1163305 The Shepherdsmead Trust Report of the trustees and unaudited financial statements for the year ended 5th April 2025
The Shepherdsmead Trust Contents Pages Reference and adrninislrative details Report of the Iruslees Independent examine¢s report Statement of financial activities 881ance sheet Cashflow statement 10.-14. Note8 to the financial statements
The Shepherdsmead Trust Reference and admini5tratlve detalls for the ear ended 5th A Til 2025 Charity narne= The Shepherdsmead Trust Reglstered charlty number.. 1163305 Trustees.. Mr Daniel James Mr Adrian James Mr Stephen J Knight Mr Adrian T Ry811 Mr Paul White Ichairl Treasurer: Mr Mervyn J Young Prlnclpal address.. Brethrens Meeting Room New Pond Road Peasm8rsh Guildford GU3 IJR Independent examiner.. Julian Remmington 4cast 1 Centrus Mead Lane Hertford SG13 7GX Bankers.. Natwest Bank 4 Worplesdon Road Guildford Surrey GU2 6RL Page 1
The Shepherdsmead Tnjst Report of the trustees for the year ended 5th April 2025 The trustees psent their report along wth the financial statements of the chatY for the year ended 5th April 2025, The fIn8n81 statements have been prepared in accord2nce with the aUnting policies set out on pages 10 and 11 and cornply wth the Trust Deed and applicable law. structure, governance and management Governlng document The Shepherdsmead Trust is an unincorporated trust ¢onstituled by Deed of Trust dated 6th July 1982, most rentlY amended by Deed of v8riab.on dated 12th August 2014. The Trust wa5 registered with th8 Charity Commission for England and Wales on 25th August 2015 under Charity Registration Number.. 1163305 Recruitment and appointment of new trustees The names ol the Truste8s who have served during the year and since the year end are set out on P8ge 1. None of the Trustees, nor any person ¢onn8Ct8d with them. r8ceiv8d any remunei8tion or expenses from the Charity in th8 year ended 5 April 202512024.. £nill. The Trust operates a Gospel hall and Trustees ar8 ch058n from among the regular congreg8tion of the hall. New Trustees 8ie nominated by the existing TwsteÈs or by the congregation 2nd must be appointed by unanimous resolution of the congregation. They are s81ected according to their skills and esperience and are exp8Cted to use both in furthering the obje¢ls ol the Charity. Checks 2re made to ensure the Trustees. eligibility to act and incoming Tiustees are made aware of their responsibilities by the 8xisting Trustees, who Ensu that new Trustees read the Trust Deed and relevant Charity Commission guidan. Wider network Th8 Trustees maintain informal links wth similar ¢haritl8S With a vi8W to pooling exp8ri8nce considered useful in pursuing the objects of the Charity. The charity also maintsins particular links wth the Eastbrook Trustwith which it shares rnembers of it5 CongratiOn. Rlsk management The Trusts8s have identified snd reviewed the major risks to which the charity is exposed and confirm that they have estsblished systems or procedures to man8ge and mitigate those risks. The services ol Citation Limit8d and UBT IEUI Limited a retained lor this purpose, Oblectlves and a¢tlvltle$ Objectives and aims The ch8ritable purposes of the Charity are the advanment of the Christian religion for th8 public benefit, including by th8 carrying on of the servio ol God in accordan with the Old and New Testaments of the Holy Bible as follow8d by those Christians forming part of the world-mryde fellowship known as the Plymouth Brethren Christl8n Church (the 'Brelhren'l and any other charitable purpo connected wth Brethren. The core doctrine of the Brethn and proper practi$ in fUrthen ol certain 8SPeCt8 of doctrine are summarised in schedules to th8 Trust Deed. Page 2
The Shèph8rdsmead Trust Report of the trustees for the èar ènded Sth April 2025 Public b8n8fit The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Cornmission's general guid9n to charities on public benefit. Main activities and achlevements The Trust provides and m8intain5 a Gospel hall ere r8ligiaus meetings are held by the local Br8thren cotnmunity. Details of the origins. teachings and way ol life of the Brethren can be found an the website- Mwd.plymouthbrethrenchristianchur¢h.org and in the schedules to the Trust Deed. Plans for future periods The Trust plans to contsnue all th8 current activities. Meetings Meetings h81d 8t the gospel hall include the Lord's Supper Icotnmunionl. Gospel preachings. Bib18 readings and Bibb address85. There is a structured weekly schedule of meetings and, depending on the particular me8ting, belween 40 and 800 people normally attend these occasions. The me8tings are attended by the regular congregation and most are open to other properfy disposed visitors. The noti board outside the Hall welcomes visitors 8nd shows 8 telephone number lor those seeking further information or help. Gospel tracts, which are distributed by street pre2ch8rs. also display this infomiation. Bibles and an extensiv8 range ol other Christian reading materi81 are on display at the hall and Visitors are free to help themselves. Spreading the Gos1 message and the life of a Christian The twst provides and Tnailltains the Gospel Hall for int8r8St8d and we114isposed persons. The Gosp81 hall is a base frorn which the r18[ congregation and others who attend the rne8tings are encouraged to spread th8 Christian Gospel, in word and deed. Members ol the congregation would usually participate in a progiamtne of street pa¢hIng and Gospel tr8Cts would be provided free of ch8rge by the Charity to such preachers to be handed out to inkresled members of th8 publiG In total, 109 public pr8aching'8 took Pla and 1,647 tracts were distributed free of charge to interested memb8rs of the public. In add.0 to these activits"es, the Trust mad8 donations totalling £12.654 to the follollg local North GuIdfOrd Food Bank Number S Project The HivelGodalming T&V Gclalming Towns & Villages Donabons have consisted ol food pad(s, hygiene padrs. chilled fvuit and chilled veg. The TtUSt also made 8 further donation of £1,500 to Compton Parish Council, contributing towards the cost ol the playground refurbishment. Pag8 3
The Shepherdsmead Trust Report of th& trustees for the year ended 5th Apiil 2025 Obleetlves and activities Spreading the Gospel message and th8 life of a Chrl$tlan contd. M8mbet5 of the congregation also ¢ontinuBd to volunteer In support of the Rapid Relief Team IRRTI, a separate charity. providing practical assistance at local events. During the year this induded providing a free burger meal to staff at the Roy81 Sutrey Hospital Staff Dgy 110 April 20241. 8nd providiro refreshm8nts and volunteers lor an aid station at the Hali Hike Surrey sponsored walk 110 August 20241. In cairying out th15 work, the ngratIon considers itself to be living out its 18ilh in practic8, as parti¢ularly exemplif18d in the ftsllowng extra¢t from the schedule to the Trust Deed on living a Christian life. We seek and are 8ncouraged to live exemplary lives in all our relationships 1th othets in th8 wrydei community Iinduding former Brelhrenl. in accordan wth the tChIngS of Holy Scripture11 Tim 2".21 We regularly go out from aur homes to p£th on the streets, to distributs Christian lit8rature and engage with the wider community (including fomer Brethren) in order to psent etem81 salvation. available to all men by faith in Jesus Christ.12 Tim 4..21. We seek as members ol the public to lead christs.an lives as husbands and wives, parents, Children. employers, employees and neighbours. Icol 3..22-25, Col 4".11. The preseNation and piotection ol the family unit is fundam6nt81 and children are prized As a blessing from God. IPsalrn 127.1. The elderly are valued Mem8 of the community, forwhom both their family and the wider community are expected to care. Holy Scriptur8 cornmands us to be good neighbour8 to others, and deal wth all other people (including former Brethienl openly, honestly and fairly and Consistent with these principles, we should give our time, talents and money to assist those in need in the wider cotnmunity, in so lar as reasonabl8 given our abilities and our av2il2ble resourcss. IM8tt 7..12, Matt 22".39, Eph 4.'281. Funding Funding is sought through gifts from the congregation and Gift Aid is claimed an eligible donations. Funding is sometimes re1Ve from other chariiable trusts wth complementary ofy'ectives. Financial revlew Flnanclal position In the year 8nded 5th April 2025 the Trust had a deficit of incoming resources over resources expended. This deficit Vyds due mainly to granting funds lo an affiliated trust and also due to depCiall0 i.e. a non cash item. Total voluntary incom8 received this year was £132,586 compar8d to £588,781 in the previous year. Loans extended to 8ffiliat8d trust5 totalling £545,(K)O are intsrest fr88 and repayments are expected 8n properties a sold. All funds held We unrestricted funds. Page 4
Th& Sh•pherdsmead Trust Report of the trustees for thè year ended 5th April 2025 Reserves pollcy The Tiustees have considered the level of re5erve5 they wsh to retain, appropriate lo the charity's needs, based on its size and th8 level ol its financial commitments. The Trust has no employees and its r8gular outgoing5 a minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reS8eS, however, funds 8c¢umulated from sale of prowrties are currently being retsined In order to support future new hall needs. The congregation is kept regularly informed as to particular needs for funds. and other relevant matters 2nd th8 Trust885 aim to ensure that the Charity wll be able to continue to fulfil it5 challtable obiedives even if the is a temporary shortfall in income or unexpectsd eyp8nditure, by raising a funds appeal to the cOngratiOn. Free reserves at the year end wre £ 1.433,55312024". £1,849,210). Reserves were deposited in higher inter8St-be8rino accounts during the year. Statement of Irustees. responsibilities Th8 trustees 8re responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom A¢counting Standards Iunited Kingdom Generally ACpted AoUntIng practi}. The law applicable to charities in Engl8nd & Wales requires the trustees to prepare financi81 statements far e8ch financial year which give a true and fair view of the state of affairs of the charity and of the Incoming resources and applic2tion of resour$ of the charity for that period. In preparing these linan¢ial statements, the truslees are required to". select 5ultable accounting policies and then apply them consistently., bl observe the methods and principles in the Charity SORP IFRS 1021,, make judg8m8nt5 and estimates that are reasonabl8 and prudent", dl stste wh8ther applicable accounting standards have been follo, subject to any material departures disdosed and explained in the financi81 statements., prepare the financial ststem8nt5 on the going concern basis unless it is inappropriats ta presume that the charity will continue in business. The trustees are responsible for k8eping proper accounting records that dis¢los8 Wlth r8850n8ble awuracy at any time the linanaal pO$tIOn of the charity and enable them to ensure that the fin8ncial 5tatement5 comply with the Ch8rities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the twst deed. They are also responsible lor safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been r8Vi8wed and approved by two trustees. On b&hall of the board.. Mr P8u1 White Ichairl Date Page 5
The Shepherdsmead Trust INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS Report to the trustees of Thè Shepherdsmead Trust on the financlal slatements for the year ended 5th Aprll 2025 set out on pages 7 to 14. Respective re5ponsibllltSe$ of trustees and èxamlner The chari15ls Iruslees are rosponsiblè for the preparation of the accciunts In accordan with. the requirem&nls of the Charilios Act 20111'the Acti. I report in respect of my examination of the Trust's accounts ¢arrièd out undar section 145 of the 2011 Act and in carrying out my examination I have followed all thè applicablè Directions given by, th Charty Commission under section 14515llb) of thB Ad. Basis of indep8ndgnt oxaminer's statement My examination was ¢arri6d out in accordance with the General Direstions given by th8 Charity Commission. An examination includes a review ol the accounting CordS kept by the charity and a comparison of the accounts presenlod q1h those records. It also incSudes consideration of any unusual rterns or disclosures in the accounts. and seeking Df explanations froFll you as Trustees conceming any such mallers. The procedures undertaken do not provide all the evidence that wou b9 requir9d in an audit, and Gtsnsequenlly no opinion is given as lo whethor the accoLJnis present 8 'Irutr and fair view, and the report is limited lo those mallers sel out in the slalement$ b810w. Independent examlner's ststement I have cornpleled my examination. l ¢onfimi that no material mallers have corne to my allenlion in connoclion with the examination gpiing me cause lo believe that in any rn8terial respect.. Accounting records were nol.kept in respect of th8 Trust as required by section 130 of the Ac( or The auxunts do not a¢¢ord with those records,. or The accounts do not comply with the applicable iequlrements concerning the fom and ¢ontent of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the a¢¢ounts give a '.true and fair viÈw' which is not a matter considered as part of an indtspendenl 4latIon. I ha o concorns and have-come a¢TDSS Ich attention ould be drawn in this r accounts lo be hed. o oih8r m8tt8rs in Gonne¢tion with the examination lo ort in ordèr lo enable a proper understanding of the Signed= Date: Name: Julian Remmington 4casl, 1 Centrus, Mead Lane, Hertforof, SG13 7GX Paoe 6
The Shepherdsmead Trust Ilncluding Income and expenditure SGGQUntl forthe ear ended 5th A ril 2025 Unrestricted Unrestricted Designatèd Fund¥ Funds Fieslrfcted Funds Total Funds 2025 Total Funds 2024 NOTES In¢omlny and endowments from.. Donations and legaGies'. co1ctn& Contribjlions from the congregation Gift donation5 Other donations Income tax refundab56 Donated SÈNI$ Payrdl giving Le9a(xes receiv1 Investrnent in¢¢m• and Intfrrnst Interest other Income Grants reiVed Equiprntsni rental Propety rental recewed Profitrloss on sale of assets Other 131,386 960 131.386 11S,064 960 240 240 240 4S8.517 34.144 34.144 26,202 12,391 12.391 Total 179.121 619,427 E¥pondlture on.. GraNs lo affiliated trusts Runnino af meeling halL Widercotnmunity cvtreach Congreg*lion SUPPDrt Cost of donated s8tviiEs Other CA)sts 134.0(M) 229,886 14.1SS 134,000 229,886 14.155 1,130,314 207.959 9.186 61,467 1,8CM) 61,467 1,800 72,510 900 Govèrnance and support costs Legal & prafe55ional costs Indedent Examiner and audilols fee Adtnln and secretarial Bank charge5 Loan inler8St D8predatron- Office equipment (Adrninl 7,721 2,880 729 7,721 2.880 729 5,130 4,800 1,172 94 Total 452,769 452,769 1,432,065 Not Incornellexpenditurel 273,648 273,648 812.638 Gainslllos$esl on revaluation ol fix& assets Nèl movernent in funds 273.648 273,648 812.638 Reconclllatlon of funds Funds at61h April 2024 6,623.220 6,623,220 7.435.858 Totsl fund$ 81 sth Aprfl 2025 6,349.572 6,349.572 6,623,220 The notes on pag85 10 to 14 form psrtof financial stalem8nts. MJI of the abDve Activities are dasS8d as continuing 8nd there are no gains and losses Oiherihan Ih05e ind$ad above. Page 7
The Shephordsmead Trust Balance sheet As at 5th A ri12025 2025 2024 NOTES Fixed assets Tallgible fixed assets 4.916,019 4,774,010 4,916,019 4.774.010 Current assets Debtors.. Debr5 8nd sundry loans Prepayments & accxued income sh at bank and in hand 545,240 2,451 894,009 545.790 3,613 1,306,935 1,441.71M) 1.856.338 Credilors.- ¥rntsJnls falling due within one year.. Olhercredilors AcLruals and dèferred IKome 8,147 7.128 8,147 7,128 Net cutrent assets 1,433,553 1,849.210 Total assèts IESS current liebilltlw4 8,349.572 6,623,220 ¢redilor9'. Smounts falling due 8fter more than One Net Pssets 6,349,572 6,623,220 Funds Unrestricted incom8 fund Restricted tullds 6,349.572 6,623,220 Total Funds 6,349,572 6.622,220 The audited financial slalemeni$ were gpproved and aulhorised far Issue by the Truste* of The Sheph8rdstnead Trust on Xr l¢>1 i Xfj and signed their behalf by Mr Paul Whi18 Ichairl Truste& Tha notes on pages 10 to 14 forrn part of the58 financial $iaiemenl$ Paye 8
The Shepherdsm£ad Tru¥t D¢talltsd statement of financial aGtivities ¢ashflow Statement forthe ear$nd•d Slh A rll 2025 Unrestricted Unrestricted Designated Funds Fund$ RÈsirlctèd Funds Total Funds 2025 Total Funds 2024 NOTES Cagh flows from operdting aGtivitie8-. Nel incomell-l expenditure forthè rèporting ptrrlod las pèr Ibè stalernent of 273,648 273,648 812.638 Adjustrnents for.. Depreclauon chgrges l.) Gainslkjsses on investments Dividends, iniertsi and rents from Investment5 L08511-I profit sale tsf fxed asse15 l.) Increaselisecrease in stocks 1-11nueas81decr8ase in deblo Increasell-l decrease In creditors 134,692 134,692 107.022 1,712 1.712 1,019 3,405 Net cash provided by l-l usod In operatlng actniities 136.225 136.225 883,622 Cash Ilows from investing actlvltias.. Diwdend$, Interest snd rents trom investrnents Proceeds from sale of property. plant and equiptmenl PurGhas8 of woperty. plani and equipment Pro¢eeds from sale ol investments Purchase of invesbnents 276,701 276,701 450.000 Nèt cAsh prOded by l-l used in investing activities 276.701 278,701 450,000 Ca$h flows from flnanclng activities= Repayments of borro¥%ryng Cash inflows from new borrowng Re¢eipi ol endowrnent Net ugh provldéd by l-l used in financing Chawe in 9h cash equiva18nls in the reporting period 412,926 412.928 1,333,622 Cash and cash équivalents at the beginning of thé reporting period 1,306.935 1,306.93S 2,640,557 Cash and cash equivalents at the ènd of the reporting period 894,009 8S4,009 1,306,935 Psge 9
Thé Shepherdsmead Trusl Notes to the accounts for thè éèr èndèd 5th A 1. A¢countlng policles 1.1 Basis of finantyal Slalements The finan¢i81 $talemenls h3ve been prepared in a(Lordan¢e wth the Slaternent ol Rec¢yTrmended Practi." Accounlillg 8 Reporting by CharitS pr@paring Iheirsccounls in accordan with the Financial Re.porting S&ndard applicable in ihe UKand Republic of Ireland IFRS 1021 issued on 16 July 2014, and incorporsling update bultin& 1 artd 2, and the FinanrAal RepIng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and UK Generally Accept8d Attouniiny Pr8Cti. Th* fun¢Uonal currencyof th8 charity 1$ slerfing 1£). The Trusi meets th8 definition of a pU1C LEnofil enlily under FRS 102. Assets and li$bililie5 are initially recogni8ed al historicBI cost artransaction value unles5 OthepAryse Slated in the rdewantaccouThiing policy notelsl. 1.2 Income Don8tions are r8cognl$ed In the year in which there is entieent and prabability of reIpl th8 amount C8n be me8sured with rfasonable certainty. Income 1$ Only deferred when the ¢h¥rity has ta fulfil condthons before becoming entit to it or where the donor has specified thai Ihe Income is 10 te expended in a future year. Glft aid Is added to the v8lue of the Dofialed 8tDA¢es Bre recognised 88 Income and expenditure in the fin£ncial statements en org8nisations or irbdividu818 offer Iheir sepul5 and support pro bono. The value of these donaleA services 10 The Shepherdsmead Trust is considered to be equal io market value which WOU be paid were the setvice formally prOjred. This Includes services p8ia for by 0er trusts. Investrnenl income is ac£ounted fty on £ recEivable baws. 1.3 EKwditure EXpdILUre 15 indud8d on 2n 8¢cruals ba5. Lkabllmes are recnIsed as soon as there 19 a legal or constsu¢knve obligaban cMmittlg the charity 10 pay out resources. Chadt8tle actiwlies cMpriSe those cosis directly atiribul8Ne lo the lulfilmentof the tharilable objects. 1.4 Goveman 2nd support msts Support¢05ts have &Iated between go¥&m¥n costs and other support ¢osis. Governgnce costs ¢omprise all cx)sts involiryng the public 8¢wunlability of the ¢hariiy and costs rdaled to siatulory requirements. A5 there 8re no staff or offices the Trustees have agreed to allocate all suth c051s lo Governan costs. 1.5 Tangiblefixed asse 8nd depr8Ci8lbn Tangible fixed assets Icosllng more than £1501 are $l$led al cost less d8prtcialioD. Freehold land is not depre¢i8ied. Oepreaon is proNid8d ai r81es kn1ated tQ Wfite aft the cost less estimated residu valu8, of each 88sel over 115 expected u5efvl Ilfe as fdlows.. FreeWd land Freehold buildings F¢ehold irnproverp18nts Temporary buildings Fumiture, fixlures 8nd fitbngs Not depr¢¢181ed - straight line method 10%- Slraighl line meth 20IA_ Slraighl Ilne method 10'A- sir8ighl line m81hod 1.6 Taxafy-on The Trust is a registsrod chanly is not Ilable ta United irtome ry corporation tax ¢harflable 8ctiwlies, piomded income falL8 within the Gharltabk ewnphons and 1$ swi on charitable purposes. 1.7 Funds The g¥raI unreslncted fvnd is fr8efN the Trust88s 10 use for 8ny purposes in furtheran of the tmsfs charitab]e ot¥'ects. Restricted fvnds arise from donaknons lo the trust th1¢h are made for a SpeCC PUTPOS8. Re81rided funds only us forthfj purpose forwhich furkds were given. 1.8 P p8r81ion of CA)nsdidated fin¥n¢i81 statements The Charity does not have a tr8ding subsidiary and there is no requirementto prep8re nSo11dted accounts. 1.9 Goiw concern The Ttustees Gonsiderthal there Ere no materf¥l uncertainti88 aboutlhe drIty's 8bilily lo continue as a goiNJ conrn. Page10
Thè Shepherdsmead Tru¥t Notes to the $ccounts for thtr tsar ènded 5th A ril 2025 1. Accountlng policies Gontd. 1.10 Significant 8slim&ie$ andjudgements The Imslees do not COnder thai there Ere any sources of eslimabon uncertainty al the rÈpDrbng date that have a slgnificant risk of causing a m8terial adjuslmenltothe orying am¢15 of assets and IlxbililS within the next reporting period. 2 Trustèes, rèmuneration and exptrn$b5 No Trustee9 reived any remunera.9 or other rlIS from an 8tnpbyment wth the chgrity and no Tru5tee8 were reimbursed forexpensÈs12024' None). 3 Wage8 and salarles Ther8 are nOemoyeeS<2O24". norl. 4 Donatod $oYvlces Incoffle 2025 2024 Expendlture 2028 2024 E8Stbk Tru81 S1.487 72,510 61.467 72,510 S Grants to affiliated trusts 2025 2024 Easibrook GO Hall Trust Leewood Gosp81 Hall Trust 129,000 s,000 1.130.314 134.000 1,130.314 OtheT ¢harltablè activitles Meetln9 roorns 6 RunnSng of rneeting halls 2025 2024 Rep8irs 8nd maintenance of lIdIrjS Ra18S Recording equipment- replacamenl and rna1n18nae Giowds mginlenance Light and heal Water rates Telepbone ¥1 hall Conference 35.123 2.597 1,433 11,603 19,526 1,204 2,475 35.123 2.597 1,433 11,603 19.526 1.204 2,475 4,349 4,036 4,364 8,484 38.050 2,2 6,288 21,644 280 2,029 2,917 2,866 18.286 6,861 4.349 4,036 4,364 8.484 Legal & profeSsi(al- specific lo h8119 cleaning, first-aid and sUries Sundry Doprecialian- Freehold prorty Depreciabon- EquipFnent FrofiVLosS OTr $8le of assets 132,989 1.703 132,989 1,703 105.319 1.7 225,537 4,349 229.886 207,959 Page11
Tho Shèphèrdsmead Trust NDtes to the accounts forthe oar Èndèd 5th A 7 Tangible fixed assot$ Freehold Furniture, PropertP and Fixturns & RurL$hmt Fittings Total Cost At 6th Aprll 2024 L)l$posals Additions 5.715,950 17,038 5,732,988 276,701 276.701 Al 5th April 2025 5,992,651 17,038 6,009.689 Depreciation At6th April 2024 Disp0$81$ Charye forthe year 947,878 958,978 132,989 1.7 134,692 At 5th April 202S Nel Eookvalue At 5th Awil 2025 1,080,867 12.803 1.093,670 4,911.784 4,235 4,916.019 At 6th April 2024 4.768,072 5,93B 4,774,010 Land Regislrylime numbers are SY694996 and SY691546 8 Aria)ysls of not asséts between funds Unrestricted Unrestricted Designat6d fund5 funds Restricted funds Total funds 8.1 Gv*FYntyear Tawible fixed ssse15 Currents assets 4.916,019 1,441,700 8,147 4,916,019 1.441,700 8,147 Amounts falling due after mor6 than one year 6,349.572 6,349,572 Total rlldS Unrestricted Unrestricted Designtti¢d funds funds 8.2 Prforye8r Restrlcted fund¥ Total funds Tangib fixed assets Cvrrenls assets 4.774,010 1.856,338 7.128 4.774,010 1.856,338 7,128 Amounts falling due after more year 6,623.220 6,623,220 Total funds 9 M¢v8m•nt In funds 9. 1 CurrenlyeaT Rtallsedl unrealised gain and lossès Balancè at 6 Aprll Incoming 2024 ro$ourc•5 Rè¥ources expended Balance at S April 2025 R8strlcted funds Fund Deslgnated fund5 Unr8slrided fvnds 6,823,220 452.769 6.349,572 Tot01 funds 6,623.220 179.121 452.769 6,349,572 Pe 12
The Shepherdsmead Trust Notes to the accounts for th& par andèd 5th A g Mov&mÈni In funds contd. 9.2 P[ryear Realisedl unrÉallsèd gain and losses Balance at 6 Aprll In¢tsmlng 2023 rasour¢8$ Resources expended Balance al 5 April 2024 Restricted funds Fund Designa funds Unresthcted funds 7,435.858 61g,427 1,432,065 6.623.220 Total funds 7,435,858 618,427 1.432,065 6,623,220 10 Transactions with related partl8$ There were no relatsd partylpns8¢tions in the yearerd 5th 11 202512024 £0.00) 11 Volunteers The shephd$Me9d TTUSt reli& entirely on volunteers to carry oul th8 rnanag8Tnenl, admSnbtration and gener maintenance work. The Trust rK) pa staff paid Tru51ees. P8ge 13
The Shephèrdsmèad Trst Notes to the accounts forth rgnded 5th A ril 2025 12 Full coTnpari8on of Statement of Financial ActDiities Unrestrlcted Funds Rèsirfttèd Funds R&$trlGted Total Funds Funds 2024 Incomlng and endowments from.. Donations and legacies.. Colle¢tion$ Contributions from the ungreg811 GiftAd donations Olherdonations Income lax rendable Donated services Payroll giving Legacies ieceive Investmènt In¢omo and Snterèst Interest Other income Gr8ni¥ received Equipment rental Property rent81 received Profitrloss on sale ofassets Qlher 119,064 960 119.064 240 240 468.517 468,517 28.202 26.202 4,444 Total 619,427 619.427 Expenditure on-. Grants to affiliaied Iru91s Running of meeting halL der MmUnitY Qutresth Congregslicpn support Cost of donated servieEs Other costs 1,130,3f4 2Q7,959 9,186 1.13Q,314 207,959 9.186 72,510 900 72,510 900 Governance and support cost$ Le9al & prO1s1oal costs Indepenaeni E%amlnels fe8 Admin and See[l¥l Bank tharges Loan intoresi Depreciation- Offits equipm1 (Admlnl 5.130 4,800 5,130 4,800 1,172 94 Total 1,432.065 1,432.065 Net incornellexpenditUTel 812.638 812.628 GainslOosse51 on revalualn of fixed assets Ntt movomènt Sn funds 812,638 812.638 Reconclllation of funds Tot81 funds brought forward 7,435,858 7.435,858 Total funds c8rrfed forward 6,6*,220 6.623,220 Page 14