REGISTERED CHARITY II'UMBER.. 1169054 REPORT OF THE TRUSTEES AND UNAUDEI'ED FINANCIAL STATCfvIENTS FOR THE YEAR EINDED 31 MARCH 2025 FOR PALMI ERS OF SHREIVSBURY D.R.E. & Co. (Audit) Limited Kiii8slai)d House 39 Abbey Foregaie Shreiipsbury Shropshire SY2 6BL PALMERS OF SHREIVSBURY CONTII NTS of% THE filNANCIAL STATEh.IENTS riOR THE YEAR ENDED 31 IIIARCH 2025 PAgt Repoi't of tlie Tt'ustees liidepeiideiit Kylliiiliicr's Repoi'¢ Stoteiiient of finaiielol Acllvitles Dalanee Slieet Notc$ to tlie Fliiaiiclal Stotements 6 10 12 Del%iled StAÉenieiil of Fliiaiiclal Acilvlllcs 13 PALMERS or SHIIEIVSIIURY REI PORT OF TIIE TIIUSTCI ES FOR THE YEAR EI N'DED 31 11 IARCH 202S Tl)¢ Inistees present tlieir repoil will) tl)e finaiicial stalei)ienls of the chaiily for ihe year ended 31 Mai'cli 2025. Tl)e Inistees liave adoi)ted Ilie ijrovisioiis of Accoiititing ai)d Reporting by Cl)xrAlies.' St2leftiienl of Recoiiii)iei)dcd Praclice applicable lo cliarilies prepariiig Ilieti. accouiils iii accordaiicc willi Ilie Fiiiancial Reporliiig Siaiidai'd applicable in Ilie UK aiid Rei)iiblic of Irelaiid {FRS 102) (effective l Jaiiuary 2019). OBJII CTIVES AND ACTIIPITIES Objectii'cs aiid aiiiis Tlie cl)at'ily is eslablislied for tlie objectives of udvanciiig the cducalion of the i?ublic of Shi'eivsbury 1¢ lld the sui'roundiiig ai'eas in Ilie Clirisli811 faiil) by: l ) Tlie provision of a Clirislian ruli coftee sliop. 2) Tlie pi'ovisioii of fllcililies Ilial ii'ould pi'ovide opportiinity for prayer and ivorsl)ip nieeliiigs wiihiii Ille ¢offc¢ sliop; ai)d 3) Tlie raisiiig of iiioiiies Iliroiigli tlie 01)¢ralion ofiiie coftee sliop Ilial would licli) support i)ro8rat)unes for people and groui).8 Ivlio, by reason of 11)eir yoiitl), age, infirinity, disablciiiciil or social e¢onoinic factors, fiiid tliei)Iselves at risk of 8oeial exclusion. Publlc beiieflt Details as to l)oiii tlie cliai'ily's 1¢ Llivities are foi. Ilie publi¢ benefil ale pi'ovided in ihe objeclives and aclii'ilie.s seclioii above. Tl)e Inislees confii'i?) that Ihcy l)47IIe ¢OI)Ipiled ivilli Ihc duly in section 17 (5) ofthe Cl)ariiies Acl 201 I to hav¢ diic regai'd lo public beiiefii guidi¢ ticc publislied by Il)e Cliarily Coi)u)iissioii. ACIIIEVE+ IllEN'fs AND PCIIFOllIllANCE Clifii'llable acllvllles Duriiig Ilie yeill. Ilie cliarily lias acliicvcd Ilic folloiving: Tlie Pay It Forivai'd sclieme conliiiiied lo support tlie viilnerable and inar8iTialised coiiimunily in Shreivsbuiy. Supported and ijrovided pi'aclical help duriiig and afler tl)e Iransiiion for rougli sl¢¢pers ivl)o iver¢ lioused. Provided ivork experience foi. yOLiiig people at school and iiiternalional sludetils. Pi'ovided ivork experiencc for young adults iviih learning diificuliies and olher vulnernbililies, Siipported 'pop up, cl)al groups iiicliiding social and infomial groups for nthiiy eomiiiuiiity groiips. I INANCIAL REIYICI Il, I liiaiiclRI poslllon For Ilie year iiiidei. review iiicoiiie tol&llcd £216,460 (2024.- £198.558). Expeiiditure 01) ¢l)aril¢ibl¢ activities of £214,987 (2024., £203,238) Ivas incurred duriiig tlie year, resulitng in a net suri)lus of £1,473 (2024: nel deficit of £4,680). Tlie CIO'5 funds carried forward at 31 Marcli 2025 total £7,139 (2024: £5,666). Golng eoiicei'n Tlie liiislees liave revieived Ille ciicuii)staiices of PcilineiB of Shrewsbiiry and coiisider that adeqiiate I'esoLirces coiiiiilue lo be available lo fiiiid Ilie aclivilies of Ihe cl)arity for Il)e foreseeable fiiture. Tlie trtislees are i)ot aware of aiiy nialerial Lll)eerliiiiilies wliicli could affect rhe eharily's ability to conlinue lo operale as a goiijg Concern. Re5ervos i)olley Ill¢ aiiii to build up aiid liold livo Ijiontlis wages in re5eNes ivl)tcli alloivs us lo accol￿1]0dalc cliai)ges ii) staffiiig as ivell as sl)orl term ivages in¢r¢as¢5, Page I PALMEI RS OF SHREIVSBURY IICI P{)IIT or TIIL I-IIUSTEI ES roR THI YEAR ENDED 31 MARCH 2025 riUTURE PLANS Ve are always looking for ￿rther opporliinilies to bles5 oiir commuiiity and pursue our aims. Ille liaiie and coiiliiiue to develop our capacity to do iiiore bespoke cateriiig Iliroiigli Ilie cafe and thus l)elp and bless i)iore peopl¢. Ive nie looking iiito l)oiv we can furtlier enhance support for those prei'ious roiigli sleepers or oilier iryjliierable i)eople, potentially Iiroviding long terni supported hoiising. STRUCTURE, GOVERNAYCE AND MANACEMENT Goi'ei'iiliig dotuiijeiit Tlic cliai'ily is a cliai'ilable Ilico￿orated orgaiiisntion (CIO) ii)coiyoi'aled li) Sepieii)ber 2016. Tlie ¢liai'itAbl¢ orgaiiisalioii ivas roi'iiied uiider a Mcnioraiiduin of Association ivhicli e51ablisl)ed Ihe object and i)oivers oftlie cliaritable organisatioji. Rtci'ulliiieiit aiid appolntii)ent of Jieiy ti'ustees OLII. reci'uilinenl policy is lo appoint trustees ivl)o are syiiipailiclic io ilie aiti)s of Paliiiers of Slireii'sbury. Tl)e Cl)air ivill al%v&ys bc appointed fi'om Shreiybbury Baptist Cliurcl). Truslees are usually appoitited froin Slirewsbury Baiili51 Cliurel). Rlsk IllAiiageiiieiit Tlie Irlislees have a duly lo idei)lily Aiid review 11)e risks to ivliicli tlic cl)arily is exposed ai)d liav¢ ensured Ilial ai)propriate sysleiiis and procedui'es arc in place to n)anage those risks and provide reasonable assurance AgAinst fi'aud aiid ei'ror. REfERCI NCE AND ADMINISTRATIVE DETAILS Ilegistei'ed Cliai'ity iiunibei. 1169054 Prliieli)Al Addi'css ¢10 Slii'ewbbury Baijlisi Cliurcli Croivniei'e Road Sl)i'eivsbui'y SY2 5JJ Ti'uslees Mrs J Jiiiiies (resigiied 22.5.25) Mrs J Eiiaiis Reit N A Price Mi's H Ball (resi8iied 22.5.25) A Coivbui'n Itidei)eiideiil EY Aiiiliici. D.R.E. & Co. (Audit} Liiniled Kiiigslaiid House 39 Abbey foregale Shreivsbiiiy Sl)ropsliire SY2 6BL Appi'oved b)1 ordcr of Ilie board of trustees on 27 January 2026 and sigiied oil ils behalf by: Mrs J Evans - Trustee Page 2 INDEPENDENT EXAMITrIER'S REPORT TO THE TRUSTEES OF PALMERS OF SHREWSBURY liidependent examiner's i'eport to the Ii'ustees of Palmers of Slirevsbui'y repoi't lo Ilie cliarity Iriistees on Iny exaiiiination of Ihe accoiints of Paliiiers of Shreivsbury (the Triist) for tlie year ended 31 Mai'ch 2025. Responsibilities and basis of repoTr' As 11)e charity Iruslees of the Trust you are responsible for the preparalioii of tlle accoLiiils in accordance ivith tlie i'equir¢in¢i)ts of tli¢ Charities Acl 201 I ('the Act,). I repoi1 iii rcspecl of my exan?tiialion of tl)e Trust's accounls carried oiil iiiider Se¢lioT) 145 of Il)e Act aiid in carrying oiit Iny exaiiiii)atioii I liave folloii'ed all applicable Directions given by ihe Charity Coininission linder Seclion 145(5)(b) of ihe Act. ljidependeiit exaininer's statenieiit I liave coinpleled iny ¢xaJniiiation. I confirin that no material Inatters have coiiie to niy attcnlioii in coi)iiectioii iyilli the e.¥ait)iiialioti giviiig Ine cause 10 believ¢ Ihal aiiy material respect- accoiiiiling records iver¢ iiot kepl in re5p¢cI of lh¢ Triisl Rs required by Section 130 of the Act. or tlie accoiinls do iiol accord i%'itli tliose records. or 11)e accounts do i)01 COT)Iply iyiih the applicable reqiiireiiienis concerning the foiin and content of accoiinls set oiit iii the Cliarilies (Accoiinls and Reports) Regiilations 2008 oilier than aiiy requireinent that tli¢ accoiiiils &¥ive a triie ai)d fair vieiv iyliich is iiol a imatter coiisidered as part of ali independeiit exaiiiinatioii. I liave iio coiiceriis and hav¢ corne across no other mnllers conneclion ivilh Ihe exainiliation to iyliicli atteiitioii slioiild be di'aiyi) iii this I'ei)orl iii ordei. to eiiable a proi)er undcrslaiiding of il)e accouiils lo be reacl)ed. cis Nock F.C.C,A D.R.F.. Co. (Aiidit) Liiiiiled Kiiigslaiid Holise 39 Abbey Foi'¢gat¢ Shreivsbiiry Shropsl)ire SY2 6BL 27 Jaiiiiary 2026 Page 3 PALMERS ort SHREIVSBURY STAI'LI11.IEI NT or rilN'ANCIAL ACTIIIITICS riOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Unresti'lcted fuiid 31.3.24 Toial fiiiids Noles INCOME AND ENDOIIFMENTS fRONI Don41tioiis aiid legacies 7,744 7,315 ClIAritable aellvltles Cafe 208,716 191,243 Total 216,460 198,558 EXPCNDITURE ON Raising fuiids 2,033 CIIArlt&ble acllvllles Cafe 214,987 201,205 Total 214,987 203,238 NET IINCOMEI(EXPENDII'URE) 1,473 (4,680) REI CONCILIATION OF fuNDS Tolal funds broughi forward 5,666 10,346 TOTAL fuNDS CARRIED FORIVARD 7,139 5,666 Tlie notes form parl oftliese financial slatements Page 4 PALMERS OF SHREIVSBURY BALANCE SIILI ET 31 MARCH 2025 31.3.25 UTlI'esÉi'ieted fund 31.3.24 Total fui)ds Notes rixED ASSKTS Ton8ible assets 3,409 4,074 CURRENT ASSETS Stocks Debtors Casl) at bank aiid iii l)aiid 2,016 1,000 8,572 2,067 10 8,254 11,588 10,321 CREDITORS Aniounls falling duc iviiliin onc year (7,858) (8,729) NEtT CURRENT ASSETS 3,730 ,592 TOTAL ASSE¢'fs LESS CURRENT LIABILITIES 7,139 5,666 r4ET ASSETS 7,139 5,666 FUNDS Uni'eslri¢l¢d fiii)ds 12 7,139 5,666 TOTAL FUNDS 7,139 5,666 Tlie finaiicial slaleiiienls ivere approved by tlie Board of Truslees and auiliorised for issue on 27 Januory 2026 cliid iver¢ signed oil ils behalf b A Price - Trustee Evai)s Triislee Tlie notes forin parl of Iliese finallcial siaienienls Page 5 PAL￿lERs OF SHREIVSBURY NOTES TO THC fi INANCIAL STATINIENTS r