REGIsfERED CHARITY NUMBER: 1169054
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATKMENfs FOR THE YEAR F'NDLD 31 MARCH 2024
FOR
PALMERS OF SIIREWSBURY
D.R.E. & Co. (Audit) Limited
Kingsland House
39 Abbey Foregate
Slirewsbiiry
Sliropsliire
SY2 6BL

PALMERS OF SHREWSBURY
CONTENTS OF THE ¥1Tr4ANCIAL sfATEMETrrrs
FOR TEIE YEAR ENDED 3J MARCH 2024
Page
Report of the Trustees
I to 2
Indepeiideiit Examiiiei s Report
Statement of Fi11gneial Activities
B*laiice Slieet
Notes to the Flnancial Slgtements
6 to 11
Detailed Statement of Financial Activities
12

PALMERS OF SHREWSBURY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present tlieir report with the financial statements of tlic charity for the year ended 31 Marcl) 2024. The
trustees have adopted the provisions of Accounting ai)d Reporting by Cliarities.. Statett]ent of Recommended Practice
applicable to cliarilies Preparing their accounts in accordance with the Financial Reporting Standard applicable in Ilie
UK and Republic of Ireland (FRS 102) (effective l Januwy 2019).
OBJEcfivES AND ACTIVITIES
Objeetives and aims
The chai'ity is established for tbe objectives of advancing the education of the publt¢ of Shrewsbury and the surrounding
areas in the Christian faith by.
l) Tlie provisioii of 8 Christian run coffee shop.
2) The provision of facilities tliat would provide opportunity for prdyer and worthip meetings within the eoffee shop,
and
3) The raising of monies tlwoiigh the operation of the coffee shop that would help support programmes for people and
groLlPS who, by re&son of tlieir yoiith, age. infirmity, disablcment oi. social econoinic factoi's, find tl)emselves at i'isk of
social exclusion.
Publlc benefit
Details as ￿ how the charity's activities are for the public benefit are provided in the objectives and activities seetion
above. Tl)e trustees confirni Ilia¢ they Iiave Compiled wll) tlle duty in section l7 {5) of the Charities Act 201 I to Iiave
due regard to public benefit guidance publisllcd by Charity Commission.
ACHIEVEMENT AND PERFORMANCE
ChAI'itable activities
During the year die ¢harily has achieved the following..
The Pay11 Foiward scheme eonlinued to support tlie vulnerable and margiiialised community in Shrewsbury.
Hosts the monthly quiz niglit ai Palniers,
Suppoited and provided practical help during aiid after tlie traThsilion for rough sleepers who were housed.
Piovided work experience foi. yoiing people at school and international students.
Provided woi'k experience for young adulis with1&2rning difficulties and other vwlnerabilities.
Provided an Internship for youi)g adults.
Supported 'pop up, cliat groups includiiig social and infonnal mental health groups.
FINANCIAL RKVIEW
FinAncial position
For the yeai. under review incoine totalled £198.062 (2023.. £177,254). Expenditure on charitable activities of £200.435
(2023,. £184,036) w&$ incurred during th¢ year. resiilting in a net deficit of £2,373 (2023- £6.782).
The CIO'S funds carried fon¥ard al 31 March 2024 total £7.973 (2023: £10,346).
Going coneern
Tlie tnsslees liave reviewed the circumstancas of Palniers of Shrewsbury and consider that adequate i'esources ¢orttinue
to be available to fund tlic activities of tile cliarity for the foreseeable futu￿. Tbe ti'iistees al'e not awa]'e of any n13tei.ial
uncertainties which could affect the chaiity's ability to continue to opei?te as a going Concern.
Reserves policy
We aim to build up and hold h¥0 months wages in reserves vthich allows to ac¢oinmodate changes in staffin8 as well
as short term Wages incre&ses.
Page I

PALMERS OF SHREWSBURY
REPORT OF THE IRUSTEES
FOR THE YEAR Ef4DED 31 MIIRCH 2024
FUTURE PLANS
We are always looking for further opporttmities lo bless our community and pursue our aims. We have and continue to
develop our capacity to do more b¢spoke catering through the cafe and thus help alld bless more peopl¢.
We are looking into how we can fijrther enhance support for those previous rough sleepers or other vulnerable people,
potentially providing long tenn supported housing.
STRUCTURE, GOVKRNATrICE AND MANAGEMENT
Governing document
The charity is a charitable incorporated organisation (CIO) incory)orated ID September 2016. The chaTltable organisation
was formed under a Memorandum of Association which established the object and powers of the ¢haritable
organisation.
Reeruitment and appointment of Dew trustee5
Our recruitment policy is to appoint tNstec8 who are syjnpathetic lo the aims of Pakners of Shrewsbury. The Chair will
always be appointed from Shrewsbury Baptist ctLurch. Ttustees are usually appointed from Shr¢wsbury Baptist Church.
Rlsk management
The tn)stees have a duty to identify and review the risks to which the charity is exposed and have ensured that
appropriate systems alld procedures are in place to znanage those risks and provide reasonable assurance against fraud
and error.
REFERENCE AND ADMtNISTRATfvE DETAILS
Re%is(ered Charlty number
1169054
Principal address
clo Slu'ewsbury Baptist Chur¢h
CrowThere Road
Shrewsbury
SY2 5JJ
Trustees
T J Curtis (resiglled 29.2.24)
Mrs J James
Mrs J Evans
Rev N A Price
Mrs H Ball
A Cowbum
Independent Examiner
D.RE. & Co. (Audit) Limited
Kingsland House
39 Abbey FoTegate
Shrewsbury
Shtopshire
SY2 6BL
Approved by order of tb¢ board of trustees on 5 December 2024 and signed on its behalf by:
Mrs J Evans - Trustee
Page 2

'INDLI PKNDEiYf EXèiMINER'S REPORT TO THE TRusfEFS OF
PALMERS OF SHREWSBURY
Independent exAminer's report to the trustees of Palmers of Shrewsbuiy
l i'eport to the Charity t￿SteeS on my exa¥nination of the aceounts of Palmers of Sh￿w$bUry (die Trust) for t]ie year
ended 31 March 2024.
Responsibilities #nd basis of report
As the charity trustees of the TTUSt you are responsible for the prq)aration of the accounts in accordance with the
requii'ements of the Chai'ities Act 2011 {￿le Act,).
I report in respect of my examination of tlie Trust's accounts catTied out under Section 145 of the Act and in Carrying out
my examination I liave followed all applicable Directions given by the Charity Commission und¢r Section 145{S)(b) of
the Act.
Iiidependent ex￿MIner'S statenlellt
I liave completed my exaniination. I confim that no material matters have come to my attention in connection witli the
examin8tion giving me cause to believe that in wiy material respect:
accounting records were not kept in respect of the Tnst as requiffd by Section 130 of the Act" or
thc aciounts do not accoi'd with those records- or
Ilie accounts do not comply witli the applicable requirements ¢on¢erning the form and content of accounts set out
tn the Charities (Accounts Reports) Regulatiolls 2008 othcr than any requirement that the accounts give a
true and fair view which is not a matter considered as par¢ of an independ¢nt examination.
I have no concems and have come across no oiher matters in connection with Ilie examination to wliich attei)tion should
be drawn in Iliis report in order to enable a proper undeTstandin8 of tlie accounts to be re8cli¢d.
Franci
ock F,C.C.A
D.R.E. &
o. (Audit) Limited
Kingsland
ouse
39 Abbey Foi'egate
Slirewsbury
Shiopshire
SY2 6BL
5 December 2024
Page 3

PALMERS OF SHREWSBURY
STATEMEIYT OF FINANCIAL ACTIVITIES
FOR THE YLAR Ef4DED 31 NIARCH 2024
31.3.24
Unvestrieted
fund
31.3.23
Total
fjjnds
Notes
INCOME AfqD ENDOWMENTS FROM
Donalions and legacies
7J15
6,148
Cliai'itAble activities
Caf¢
191,243
171,106
Total
198,558
177,254
EXPENDITURE ON
Raisiiig fvnds
2,033
Chai'itabl¢ activities
Cafe
201,2QS
184,036
Total
203,238
184,036
NET tNCOMEI(EXPENDKTURE)
(4,680)
(6,782)
RECONCILIATION OF FUNDS
Total funds brought forward
IOJ46
17,128
TOTAL FUNDS CARRIED FORWARD
5,666
10,346
The notes forin part of tliese financial slatenients
Page 4

PALMERS OF SIIRKWSBURY
BALANCE SHEET
31 MARCH 2024
31.3.24
Unresli'tcted
fund
31.3.23
Total
funds
Notes
FIXED ASSETS
Taiigible asgets
4,074
4,581
CURRENT ASSETS
Stocks
Cash at bank and in hand
2,067
8,254
2,189
9.545
10?21
11,734
CREDITORS
Aiiiounls falling due withiu one year
io
(8,729)
{5,969)
NET CURRENT ASSETS
1,592
5,765
TOTAL A&SETS LESS CUIUiENT
LIABILITIES
5,666
10,346
NET ASSETS
5,666
10,346
FUNDS
U￿.estriCtCd funds
5,666
EO,346
TOTAL FUNDS
5,666
10,346
Tlie financial slateinents were appft)ved by tiie Board of Trnstees and auihorised for issue on 5 Deceiiiber 2024 and
were signed on its belialf by.,
N A Price- Trustee
J Evans - TKiistee
Tlie nofes forn) part of these financial stateinents
Page 5

PALMERS OV SHRKWSBURY
NOTES TO THE FfNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Paljnei's of Shrewsbury is a charitable incorporated organisation (CIO), registeTed in Enoland and Wales. The
CIO'S registei'ed nunibei. aiid i'egistered office address can be found williin die refei'ence aiid adniinistrative
details section of tlie Report of the Ti'ustees.
ACCOUNTING POLICIES
Ba315 of pvepAring tlie finAiiciAI stvdtements
Tlie finai)cial statenieiits of the cliarity, wliicli is a public benefit eiitity under FRS 102. have been pi'epared iii
aceordance witli the Charities SORP (FRS 102) 'Aeeounting and Reporting by Charilies: Stateinent of
Reconiinended Pi'actice applicable to charities prepariiig dieii. aceouiits iii accordance with the FAI)allcial
Reporting Standard applicable in tlie UK and Republic of li'eland (FRS 102) (effective l J&iuary 2019),,
Financial Reporting St￿}dard 102 'Tlie Finaii¢ial Reporting Stsndard applicable in the UK and Republic of
Ireland, and tlie Cl￿ritIcS Act 2011. llie financial statenients have been prepai'ed under tlie historical cost
¢onvention.
Tljese finan¢i81 statements are for the individiial entity only.
Tl)e financial statements are presented in stcrling (£), rounded to the iieare5t £1.
The accouiits have been prepared on a going concefrt basis.
Income
All iticoiiie is recognised in the Statemenl of Financial Activities once the charity l)as entitlemeiit to tlie fi]Iids, it
is pi'obable that the income will be received and the amount can be iiieasured reliably.
Income fi'om government and othei. g￿nts, whether 'c&pital' grnnts or 'revenue' gi'ants is ￿gniSed wlien tlie
hai'ity has entitlenient to the fvnds, and perfoi'mance conditions attached to tl)e giants have been Inet, it is
probable that the income will be re¢eivcd and tlie amounl can be ineasured irliably.
Dui'ing the year, the charity received government grants of £iiil (2023: £167) froin Shropsliii'e Council which is
recognised in iJi¢ome.
Expendltui'e
Liabilities are i'ecognised as expenditure as soon as tliere is a legal or constructive obligation cominitliiig the
cliarity to that exp￿idI1Ure, it is probable that a transfer of econoniic beiiefits will be Irquii'ed in settlenient aiid
the aniount of the obligation can be nieasured reliably. Expendituie is accoiint¢d for on an accruals basis and has
been clas5ificd undei. lieadings that aggregate 811 cost i'elated tg tlie categoiy. Whei'e costs cannot be directly
attrib￿ed to paiticulai. headings tliey have beeji allocated to activities on a basis ¢onsistent witli the iise of
resoU￿es.
TAiigible fixed assets
Taiigible fixed assets are included at cost and depreciation Is provided at the followiiig annual rates and nietliods
in ordei. to write off as5els over tlieir &8timated useful life.
Fixtures and fittings- 250/0 reduciiig balance
Stocl(s
Stooks are valiied at the low￿. of cost and net realisable value, after iitsking due allowance for obsolete arnd Slow
moving iteins.
Taxatioii
The cl)at-ity is ¢xenipt fN)m tax on its charitable ￿tIVItIes.
Fund atcountiiig
All funds al'e get)erdl and unrestricted and can be used in accordance with the cliaritsble objects at tlie discretioii
of tlie trustees.
contii)ued...

PALMERS OF SHREWSBURY
r4oTES TO THE F[NAlYC￿L STATEMENTS - Co￿tinued
FOR THE YEAR ENDEI) 31 MARCH 2024
ACCOUNTING POLICIKS- continued
Hire pui'cliase gnd leasing commitments
Reiilals paid iindei. opeimting leases are charged to the Stat¢ment of Financial Activities on a strnighl line basis
over tlie period of the lease.
Pcijsion costs aiid othey post-l'etirement benefits
Tlie cliarity operntes a defined contribiition pension scheme. Contrib￿lonS payable to the charity's pension
sclieme are cliai'8ed to the Statenient of Financial Activities in the period to whi¢li tliey relate.
Cxsh at bank
Cash at bank includes atnounts held ui t1￿ bank ¢urrent a¢￿￿lIS and cash in hand.
Creditors Rnd pi'ovisions
Creditors and provisions are recognised wliere Ilie cl)arity has a present obligatioii resulting from a past eveiit
dlat will pi'obably I'csult in Ilie t[al￿fer of fund$ to a third paity and tlie ainounl due to settle tlic obligation can be
Ineasui'ed oi. estimated iiliably. Ci'editoi3 and provisions are noriiially recognised at tlieii. settlenient aiiiount after
allowing for any trade discount.
FinAncial inAtrumeiits
The ¢l)ai'ity only h8s financial assets and flnancial liabilities of a kind Iliat qualify as basic fil￿ncial instruments.
Basic financial instrunients are initially recognised at transaction value and subsequeiitly measured at their
settlenient value.
RAISINC FUNDS
RAisliig doiiAtlons and leggties
31.3.24
31.3.23
Suppoit costs
2,033
TRUSTEES, REMUNERATION AND BENEFITS
Tlie following tiuslees were paid remuneration for providing setvices to the charity undei. employnient contracts.,
Mrs J Evans., £6,521
Mrs J James". £3,726
Mrs J Evans and fvb's J Jaines are tiwstees and eillployecs of Slirewsbuiy Baptist Cliuich and pw't of tlieii. salaiy
is Yechai'ged to Paimei% of ShreWSbL￿, as sliown above.
No trLlSt¢es were remunerated for perfoiinuig tlieir dutieg as a trustee foi. the year ended 31 March 2024 iior foi.
the year ertded 31 Mar¢h 2023.
Page 7
continued...

PALMLI RS OF SHREWSBURY
NOTES TO THB FINANCIAL STATEMENfs- tontinued
ri OR THE YEAR ENDED 31 MARCH 2024
TRUSTEES, REMUIYKRATION AND BENEFITS- continued
Trustees, expenses
Dui'ing tlie year Mrs J Evans was reimbursed £1,092 (2023: £478), Mrs J James was reimbursed £370 (2023:
£34), Mi. A Cowbuim was reimbursed £20S (2023: £Nil) and Mr T Curtis was ieimbursed £36 (2023: £NTI) in
i'elation to genei'al expenses.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Otliei. pei)sioi) wsts
105,365
2,389
101,050
1,834
107,754
102,884
Tlie average montl)ly nuinber of enlployees duriiig the year was as follows,.
31.3.24
li
31.3.23
Employees
No einployees received ei)iolumenls in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Uiiresti'icted
fijnd
INCOME AND KNDOWMENTS FROM
Donatioiis and legacies
6,148
Chai'itable activities
Cafe
171,106
Total
177,254
EXPENDITURE ON
ClIAI'itable xetivitie5
Cafe
184,036
NKT INCOMEI(EXPENDITURK)
(6,782)
RECONCILIATION OF FUNDS
Tolal ￿LIdS brought forward
17,128
TOTAL fuNDS CARRIED FORWARD
10,346
Page 8
continued...

PALMERS OF SHRKWSBURY
NOTES TO THE FtNANCtAL STATEMENTS - continued
FOR'I'IIF, YEAR ENDED 31 MARCH 2024
INDEPKM)EF4T EXAMINERS, REMUNERATION
Fees payable to tlie ¢harity's independent examiiier for the e￿i]Ination of the charAtys finaii¢ial statements were
£1,769 (2023.. £1,685).
TANGIBLL FIXED ASSETS
Fixlur¢s
fittings
COST
Al l April 2021
Additions
12,382
777
At 31 Marth 2024
13,159
DEPRII CIATION
At l April 2023
Chai'gc for year
7,801
1,284
At 31 Marcli 2024
9,085
NKT BOOK VALUE
At 31 Marcli 2024
4,074
At 31 Marcl) 2023
4.581
STOCKS
31.3.24
31.3.23
Slocks
2,067
2.189
io.
CREDITORS: AMouNfs FALLING DUE WITHIN ONE YKAR
31.3.24
31.3.23
Taxation aiid social security
Oihei. creditors
4,927
3,802
3,847
2,122
8,729
5,969
MOVEMENT IN FUNDS
Net
ioveiiieiit
in fvnds
At
31.3.24
At 1.4.23
Uiir¢stJ'icted funds
General fund
IOJ46
(4,680)
5,666
TOTAL FUNDS
10,346
{4,680)
S,666
Page 9
continued...

PALMERS OF SHREWSBURY
NOTES TO THE FINANCIAL STATKMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
MOVEMENT IN FUNDS- cohtinued
Net movement in funds, ijicluded in the above are as follows-
Incojiiing
resoui'ces
Resources
expended
Moveinent
in funds
Uni'estricted funds
Genei'al fund
198,558
(203238)
(4,680)
TOTAL FUNDS
198,558
(203,238)
{4,6SO>
Compxi'Atives for inov¢m¢nt ii) funds
Net
moveiiient
in funds
At
31.3.23
At 1.4.22
Unrostricted fuiids
Gene￿1 fund
17,128
(6,782)
10,346
TOTAL FUNDS
17,128
(6,782)
10,346
Conipai'ative nel movement iji fui)ds. included in die above are as follows..
Incomiiig
resoiiites
Resources
expended
Moveinent
in funds
Unre5ti'icted fuiids
General fuiid
177,254
(184,036)
(6,782)
TOTAL fiUNDS
177,254
{184,036)
(6,782)
A ciiri'ent year 12 nionlhs and prioi. year 12 inontlls combined position is as follows;
Net
movemeiit
in funds
At
31.3.24
At 1.4.22
Unrestiicted funds
General ￿nd
17,128
(11,462)
5,666
TOTAL FUNDS
17,128
(11,462)
5.666
Page 10
contii)ued...

PALMERS OF SHREWSBURY
NOTES TO THE FINANCIAL sfATEMEwfs - continued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
MOVEMENT IN FUNDS- continued
A curi'ent year 12 months ￿ld prior year 12 months combtned net niovement in funds, included in tlie above al'e
as follows:
Incoinijig
i'esour¢¢s
Resouires
expended
Movement
in funds
Unresti'icted funds
General fund
375,812
{387,274)
(11,462)
TOTAL FUNDS
375,812
(387.274)
(11,462)
12.
RELATED PARTY DISCLOSURES
See uote 3 for details of Trustees, expenses paid foi. th¢ year ended 31 March 2024.
Pagell

PALMERS OF SIIREWSBURY
DETAILEI D STATEMENT OF FINAf4CIAL ACTIVITIES
FOR THE YEAR ETr4DED 31 MARCH 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Doii*tiOllS Alld legacies
Donations
Gi'ant5
7JlS
5,981
167
7,315
6,148
ChAritAble activities
Sales
191243
171,106
Total liicoming i'esoui'ces
l98,558
177,254
EXPEI NDrruRE
Cliai'itable AcÉivities
Wages
Pensions
Hire of equipment and kitclien 8upplies
Cleaning and Slindi-ies
InsuranGe
Light and heat
Telephone
Repaits & renewals
Donatiotis
Pui'chases
Fixlures 8nd fittings
105,365
2,389
1,248
918
1,479
12220
277
1,978
600
67,755
1,284
101,050
1,834
1,424
1,480
11,298
264
1,169
1,772
53,320
1,495
195,513
176,417
Support COStS
Mfinxgeillent
Postage and stationery
408
527
Finance
Bank charges
3,927
3,563
Govei'iiAnce cD8ts
Accountaiicy aiid legal fees
3J90
3,529
Total J'e50urces expended
203338
184,036
Net expÉiiditui'e
(4,680)
(6.782)
This page does not forni part of the statutory financial slatcnjeiits
Page 12