Charlty registration numbèr 1182155 (England and Wales) Company registration number 114640S4 THE SHANLY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE SHANLY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Truste•s T M Booth N J Young T J Poller M J Shanly N M Troll IAppoinled 13 March 20251 Charity numb&r 1182155 Company number 11464054 R•gi$tered office Sorbon Aylesbury End Bea¢onsfield Buckingharnshire United Kingdom HP9 1LW Auditor H&nlon & Co LLP Slag House Old London Road Hertford Hertfordshire SG13 7LA THE SHANLY FOUNDATION CONTENTS Page Trustees, raporl Independent auditor's report Slalemenl of financial aclivilies Balan¢8 sheet Stalemenl of cash flows Notes lo the financial statements 10-16 THE SHANLY FOUNDATION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees who are also directors of the Found81ion lor the purposes of the Companies Acl 2008, pr&senl their report with thè financial statements ol the charity lor the year ended 31sl December 2024. The aceounls have been prepared in accoidance wilh the accounting policies sel out in the notes to the financial slalernents and comply with the chaiills Memorandum and Articles of Association, applicable laws and the requirements of the Slalement ol Recotnmended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued In October 2019. Objectlv•$ and activltles The Foundation 8ims lo support causes that help individuals and benelit the local ¢ommunily, including support for young peopl8 fiom disadvantaged backgrounds. the homeless, those wilh mental health issues and people wilh physical disabilities, injury or life lirniling illnesse5. In shaping the objectives of the organlsalion, the Iruslees have paid due regard lo th& Charity Commission's guidance on public benefil. Investment policy Under the trust deed the Foundation has the power to make any inv6slmenls whith the Iruslees shall in their absolute discretion think fil. Grant maklng The Foundation inviles appli¢alions for funding of local charitable causes. In particular, the Foundation welcomos applicants that are helping lo improvè welfare and quality of life ol those that are disadvantaged wilhin the community. The applications 8re reviewed by the truste6s and funds made available at the absolute discretion of the Foundation. Achlèvèments and pèrforniance Charltable activities During the year the Foundation primarily supp)rted local causes including schools, community groups, sportlng groups. social and community events, rotary clubs and registered charities. There are also a number of organisalions the charily sUPPOrts on a regular long-lem) basis. Flnanelal review Principal funding sourcès During the year the Foundation primarily received corporale donations of £1,807,000 whid) can be used in ac¢ordance with Ihe objectives of the charity. The dona14.on was used by the Foundation lo fund grant payments and Telaled costs amounting lo £2,112,907. The nel resources expended in tha yèar resulted in available year-end funds decreasing from £2,831,523 to £2,654,586. Rèserves policy 11 is the policy ol the Foundation lo maintain unreslricled funds, which arè the free reserves of the foundation al level which enables the Foundation lo meet its management and adminislralion costs and lo be able lo respond lo approved appliealions for grants which arise from time lo lime. Plans for futu￿ periods The Foundation's fuluie plans are lo continue to support causes Ihal help benefit th8 local community including support for young people from disadvantaged ba¢kgiounds, the homeless and those with mental health issues. Structure, govemanc¢ and managemènt Govèrnlng document The Shanly Foundation was established as an unincorporated charity in 1997 Icharily number 10650441. In 2018, il updated ils legal struetuie and registered as a company lirlliled by the guarantees of ils members lo a maximum of £1 O each (company number 11464054 and charily number 11821551. THE SHANLY FOUNDATION TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recrultmont and appointment of n•w trustees The Foundation may appoint new trustees by ordinary resolution if the person is willing lo a¢t as a trustee and determine the rotation in which any additional directors are lo retire. The appointment ol a Iluslee musl not cause the number ol Iruslees lo èxceed the maximum number ol trustees per the Articlès of Association. Relotsd partles The Foundation has a very c105e relationship with the Shanly Group which provides funding lo enable the charity lo carry out its charitable objectives. These companies include Sorbon Investments Limiled and Soibon Group Limited which are under the ¢onlrol ol M J Shanly, a Irusleè ol the charity. Webslt• www.sh8nlyloundation.corn Incorporation The charitable company was incorporated on 13th July 2018 and commenced lo optsrate on 1st July 2019. statement of Trustees. responsibilitie$ The trustees Iwho are also the directors ol The Shanty Foundation for the puiposes of company lawl are responsible lor prsparing the Trustee5' Report and the financial slalements in accordance with applicable law and United Kingdorn Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustèés to prepare financial slalements for each financial year which give a true and lair view of the state ol affair5 01 the charitable company and of the incoming resources and application ol resources. including the income and expenditure, of the charitable company for that period. In preparing those financi81 slalemenls, the trustèès are required lo select suitable a￿oUntIng policies and then apply thèm consislenlly., obseNe the methods and principles in the Charity SORP., m8ke judgements and estimates that are reasonable and prudent., prepai8 the financial statements on the going concern basis unless il is InapprOp￿ale lo presume that the charitable company will continue in business. The Iruslees are responsiblè for keeping proper accounting records which discI(>se with reasonable 8c¢uraey at any lime the financial position of thè charitable cornpany and to enable them to ensure that the financial sla18ments comply with the Companies Act 2006. They are also responsible lor safeguarding the assets ol the charitable company and hèncè lor taking ￿aSOnable steps for the prevention and delection of Iraud and other irregularities. In so far as the Irusletss are aware.. thère is no relevant audit information of which the ¢harilable company's auditors are unaware., and the trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and to eslablish that the aLJdilors are aware ol that information. Audltor The auditors. Henlon & Co LLP, will be proposed for re-appoinlmenl al the forthcoming Annual General M6eting. Namè of trustees who manage th• charity T M Booth N J Young T J Potter M J Shanly D A Tucker Ide¢eased 17 May 20241 N M Troll lappoinled 13 March 20251 The Trustees are sad lo report thè death of Don Tucker who was a long standing trustee ol the char41y. THE SHANLY FOUNDATION TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of th8 board of Iruslees and signed by.. Trusteè Datè.. THE SHANLY FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE OF THE SHANLY FOUNDATION Opinion We have audited the financial statements ol The Shanly Foundation Ilhe 'charitable company'} for the year ended 31 December 2024 which comprise the Slalemenl of Financial Aclivilies. the Balan¢& shèèt and the Statement ol Cash Flows and nolss to thè financial stalements, including significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland Iuniled Kingdom Ger)erally Accepted Accounling Piaolicèl. In our opinion, the financial statements.. give a true and lair view of the slate of the charitable cornpany's affairs as al 31 December 2024 and of ils ineoming resources and application of resources, for Ihe year then ended.. have been properly prepared in accordance with United Kingdom Genèrally Accepted Accounting Practice,. and have been prepared in accordance with the Tequiremenl3 of the Companiés Act 2006. Basis for opinion We condu¢ted r)ur audit in accordance with Internalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilitiès undèr thosè standards are lurlher described in the Audilors responsits"lilies for th8 èudit of the financial slalements section of our report. We are indèpendent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statèmènts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in aowrdanee with these requiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concer In auditing the finanGial slalèmènls, wè have concluded thal the Trustees. use of the going concern basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or ¢ondilions that, individually or collectively, may cast significant doubl on the ¢h8rilable company's ability to continue as a going ¢onc&rn for a poriod ol al least Iwelve months from when the financial statements are authorisèd lor issue. Our responsibilities and the responsibilities of the Trustees with rèspèct to going con￿rn are de￿ribed in the relèvant sections of this report. Other information The other informalioll comprises the information included in the annual report other than the financial slaleménts and our auditor's report Ihereon. The Irusléès are responsibl6 for the other information contained within the annual report. Our opinion on the financial 51alernen15 does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is lo read the othèr inlormalion and. in doing so, consider whethèr the other inlormalion is materially inconsistent with the financial slalements or our knowledge obtained in the course of the audil, or othemise appears to be materially misslaled. 11 we id8nlify such material inconsislencies or appaient material tnisslalements, we are required to determine whether this gives rise lo a material misstatement in the financial 51alemenls themselves. 11, based on the work we have performed, we Conclude that there 1$ a material misstatement ol this other information, wè aré r8quirèd to report that facl. We have nothing (o report in this regard. Opinions on other matters preserlbed by the Companies Act 2006 In our opinion, based on thè work undertaken in the course ol our audit.. the inlormalion given in Ihe Trustees, report for the financial year for which the financial statements are prepared, which includes the directors. report prepared foi the pvrposes of ¢ompany law, is consistent with the flnaneial statements., and the directors, report included within the Trustees. report has been prepared in accordance with applscable legal requirements. THE SHANLY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE OF THE SHANLY FOUNDATION Matters on which we are required to report by exception In the light ol the knowledge and understanding of the charitable company and ils ènvironment obtained in the course of the audit. we have not identified material tnisslalemenls in the Trustees, R8POrt. We have nothing lo report in respect tsf the following malters where the Companies Act 2006 requires us lo repotl to you if, in our opinion.. adequale accovnling records have not been kept or returns adequatè for our audit have nol been re￿iVed from branches not visitèd by us.. oi the IIu51ees were not entitled lo lake advantage of the small companies trxemplion from the requirement to prepare a Strategic Report or in preparing the Trustees. Report", or the financial slalements are not in agroemenl with the accounting records,. or wa have not received all Ihe information and explanations we require for our audit. Responsibilities of trustefrs As explained more lully in the Slalemenl of Tiuslees. Responsibilities, Ihe trusteès. who are also the directors of (he chaiilable company lor the purposes of company law, are responsible for the prepaialion of the financial statements and for being satisfied that they give a true and fair view. and lor such inleinal colllrol as the Irust88s dètermine is necessary lo enable the Pfeparalion of financial statements that ale free from material misstatèment. whether due lo fraud or airor. In prèparfng the financial statements, thè Iruslees 8re iesponsible for assessing thè charitable company's ability to eontinue as a going concern, disclosing. as applicable. matters relatèd to going concern and using the going concern basis ol accounting unless the Iruslees eilher intend lo liquidate the charitable company or to cèase operalions, or have no realistic allemalive bul lo do so. Audltor'$ respon3ibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are Iree from material misslalemenl, whether due to fraud or error. and lo issue an aLJditor's report that includes our opinion. Reasonable assurance is a high level ol assuran￿ bul is not a guaranlee that an audit conducted in accordance wrth ISAS IUKI will always detect a m8lerial misslatemenl when it exists. Misslalemenls can arise from fraud or error and are considered maleiial if, individually or in the aggregate. they could reasonably be expeeled lo influen the economic decisions ol users taken on the basis ol thesè financial slalernenls. The 6xt8nt lo which our procedures are capable of detecting irregularities, including fraud. Is detailed below. Audit procedures undertaken in rèsponse lo the potential risks relatin9 to irrÈgularilies (which include fraud and ntsn- compliance with laws and regvlalion51 comprised ol.. enquiries of trtsslees. managernenl and thos6 charged with governance con￿MIng any actual or potential litigation or claims.. inspection of relevant legal correspondence., review ol board minultss.. lesling the appropriateness of journal entries,. and Ihe perform2n¢e of analytical review lo identify unèxpected movements in account balancès which may be indicative of fraud. We discussed with the trustees and other management the policies and procédures fegarding compliance with laws and regulations. We identified laws and re9ulalions in planning our work and the audil team were bri6fèd to bè alert of any indications of non-compliance throughout the audit. The charity is subject lo laws and regulations that dirèctly affecl the financial statements, including financial reporting and laxalion legislation together with othar operational aspects such as health and safely. employment law and requiremen15 under the General Data ProleclioD Regulation. We assess the exlenl ol compliance with these laws and iegulations as part of our audit proceduies. The potential effect ol these laws and regulations on thè rinancial slalemenls varies considerably. Auditing standards limit the required audit procedures lo identify non-¢ompliance with these laws and regulations lo enquire ol the Irusleès and other rnanagemenl and inspection of regulatory and legal correspondence. if any. THE SHANLY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE OF THE SHANLY FOUNDATION No instan￿5 of m3teri81 non-compliance were identified. However, the likelihood ol dele¢ling irregularities, including fraud, is limited by the inherent difficulty in deleclillg irregularities, the effectiveness of the charily's controls. and the nature. liming and exlenl of the audit procedures performed. Irregularities thal result from fraud might be inherently morè difficult to delecl than irregularitie5 Ihal result from error. As explained above, there is an unavoidable risk that m81erial tnisslalements may not be dele¢ted. even though the audit has been planned and performed in accordance with ISAS IUKI. W8 are nol responsible lor prevènting non compliance and cannot be expected lo dele¢l non- compliance with all laws and regulations. A further description of our responsibilities is available on the Ftnaneial Reporting Council's website at.. hllps'.11 www.Irc.tsrg.uklauditorsrespon3ibililies. This description forrns part of our auditor's report. U$• of our raport This report is made solely lo the charity's trustee5. as a body. in accordanc6 with part 4 of the Charities IAccounls and Reports) Regulations 2008. Last year, our auditor's report was in accordance with Chapter 3 of Part 16 01 the Cornpanie5 Act 2006. Our audit work has beon undertaken so that we rnighl slate lo the charity's Irusleès those mallers we ale required to slate lo them in an auditor's report and for no olhei purpose. To the lulle51 extent permilled by law. we do not accept or assume responsibility to anyone other than the charity and the charily's trustees as a body, lor our audit work, for this report. or for the opinions we have formed. stuart Heaney Isenlor Statutory Auditor) for and on béhalf of Henton & Co LLP Chartered Accountsnts statutory Auditor Slag House Old London Road Hèrtford Hertfordshire SG13 7LA THE SHANLY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unrestrlcted funds funds 2024 2023 Notes Income I Oonalions Investments 1,807,220 128,750 1.284,614 122,896 Total ineome 1,935,970 1,407,510 endituro on: R815ing funds 57,219 57,763 Chaiitable aetivitle5 2,055.688 1,729.137 Total &xpenditure 2,112,907 1,786,900 N&t expenditure for thè yearl Nèt movement in funds (176,9371 {379,3901 Fund balancès 811 January 2024 2,831,523 3.210,913 Fund balances at 31 D•eember 2024 2,654.586 2.831.523 ontinuing op•ration5 All income and expenditure has arisen from continuing activities. THE SHANLY FOUNDATION BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notès Current assets Debtors Cash al bank and in hand 10 67,177 3.150,725 67,209 3,079,239 3,217,902 3,146,448 Creditors.. amounts falling due wilhln one year 11 1402,566} 1251,9251 Nel cuirenl 8ss&Is 2,615,336 2,894,523 Cradltors: amounts falling due after morè than on• year 12 1160,7501 163,0001 Net assets 2,654.566 2.831,523 Income funds Ur)reslricled lund5 2,654.586 2,831,523 Total fvnd$ 2,654.586 2.831,S23 The company is elllitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, lor the year ended 31 Decembei 2024, although an audit has been carried oul under section 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requiremen15 of the Companies Act 2006 with respect lo accounting recoids and the pr8paration of financial siatements. These financial slalernenls hav& been prepared in accordance with the provisions applicable lo companies 8ubje¢l lo the small companies regime. The financial statements were approved by the Board of Trustees and aulhorised for issue on were slgned on its behalf by.. 17 and Trustee Company r8glstratlon number 11464054 THE SHANLY FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notss Cash flows from operating a¢tlvltlès Cash absorbed by operations Is 157,2641 1595,1761 Investing activities Invèstrnenl Income received 128,750 122.896 Net cash gèn8rat•d from Investing activlties 128,750 122,896 Net ¢ash generated from financlng activitie¥ Net in¢reasellde¢reasel in cash and cash equlvalènt$ 71.486 {472,2801 Cash and cash equNalenls al beginning ol year 3,079,239 3,551,519 Cash and cash equivalents at ond of yoar 3,150,725 3,079,239 THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aceountlng policies Charity Information The Shanly Foundation is a private company limited by guarantee incorporated in England and Wales. Thè registered office Is Sorbon, Aylesbury End. Beaconslield, Buckinghamshire, HP9 1 LW, United Kingdom. 1.1 A¢¢ountlng conventlon The financial statements have been prepared in accordance with the Charities.. Statement of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191- (Charities SORP {FRS 1021. the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Cornpanies Act 2006. The Foundation constitutes a publi¢ enlily as defined by FRS102. 1.2 Going concern Al the tiTne of approving the financial slalernenls. the Iwstees have a reasonable expectation that the Foundation has adequate resources to continue in operational existènce lor Ihe foreseeable lulure. The Foundation therefore continues to adopt the going concern basis in preparing its financial slalemenls. 1.3 Fund accounting Funds held by the Foundation are unrestricted income funds, which the trustees are free lo use tor any purpose in furtheian¢e ol thè charitable objects. 1.4 Income All income is recognised when the Foundation 18 legally enlllled lo il after any performance conditions have been mel, the amounts ¢an be measured reliably, and il is probable th81 ineome will be received. Donations are recognised when they have been communicated as received in writing with nolificalK)n ol both the amounl and selllemenl dale. In the event that a donation is subject lo oonditions that require a level ol P8rformance before the charity Is enlilled to the funds, the income is deferred and not iecognised unlil either those Conditions are lully mel, or the fullilmènl ol those conditions is wholly within the ¢ontrol of the Foundation and il is probable that Ihose conditions will be fulfilléd in the reporting period. Interest on funds held on deposit is included upon nolificalion ol thè interest paid or payable by the bank. 1.5 Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the eategory. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation ¢ommitting the Foundation lo that expenditure, il is probable that selllemenl will be required and the amount of the obligation can be measured reliably. All expenses, including 5UPPOrt costs and governance are allocated or apportioned to the applicable expendituré headings in the slalemenl of finanei81 activities. Irrecoverable VAT is charged as a cost against the activity for which the activily was incurred. Grants payable are payrnenls mad& lo third parts'es in the furtherance of the Charitable objectives of the Irusl. Grants payable are charged in the year when the ofFeY is conveyed lo the iecipient èxcèpt those cases where thè offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grant awards that are 5ubjecl lo the rseipiènt fulfilling performance conditions are only aecrued when Ihe reoipient ha5 bèen notified of the grant and any remaining unfulfilled conditions allached lo th81 grant are outside of the control ol the Foundation. Tha expenditure on charitable adiMli&s includes grants made, governance costs and support costs. 10- THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie¥ IContlnu•dl 1.6 Cash and cash equivalents Cash at bank and oash in hand includes cash and short term hKJhly liquid investments that arè rèadily convertible lo known amounls of cash and are subject lo an insignificant risk to changes in valtJ&. 1.7 Financial instruments The Foundation only has financial assets and financial liabilities ol a kind thal qualify as basic financial inslrumenls. Basic financial instruments ale initially recognised al Iransa¢lion value and subsequently measured al amortised cost using the effective interest malhod. 1.8 Dèbtors Trade d&btors and olhei deblors are recognised al Ihts selllernenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discount due. 1.9 Credltors and provlsions Creditors and provisions are ieoognised where the Foundation has a present obligation resulting from a past event thal will probably resutt in the transfer ol funds to that third party and the arnounl due to settle the obligation can be rneasured or eslirnated reliably. Crèditois and provision are normally recognised al Ihoir settlement amount after allowing lor any trade discounts due. 1.10 Taxation The Foundation is a registerèd charity and accordingly is exempt from laxalion on Ils income and gains where they are applied for charitable purposes. 1.11 Retirèmènt benefits The Foundation operates a defined contrib¢Jlion penslon scherne. Contributions payable to Ihe charitable company's pension scheme are charged to the Slalemenl ol Financial Activities in the pariod to which they relate. 1.12 Charitable activltiès The expendilure on charitab16 aCtiMI(es includes grants made, govemaneè c051s and support costs. 1.13 M•mber5 liability The liability of the members is limited lo a sum of £10 bèing the amount that each member undertakes to contribute to thè assèts of the charity in the event of thè Foundation being wound up. Critical accounting ostlmat•s and judgements In the application of the charity'5 accounting policies, the Iruslees are required lo make judgements, estimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The e51imales and associated assumption5 are based on historical experience and other factOTS that ale wnsideied to be relevant. Actual results may diffei from these estimates. The eslirnales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslirnales are recognised in the period in which the estimate is rèvised where the revision affects only that period, or in the period ol the revision and future peritsd5 where the revision affects both current and futur6 periods. THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations 2024 2023 Corporate donation5 Other donaliorns 1,807,100 120 1,284.300 314 Income from investments Unrestricted Urhrestrictfrd funds funds 2024 2023 Inlertrsl receivable 128.750 122,896 12- THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable 2024 2023 Grants to inslilutions.. Aylesbury Homeless Action Group Disasters Emergency Committee Clewer Scouts & Guides Group Challerbus CIO Duke of Edinburgh (The Award Sch&m8 Lldl Girl Guiding Assooialion Hope and Vision Communities Jurnbulance Trust Life 2009 Lions Club of Maidenhead Maidenhead United FC Communily Trust Marlow & District Schools Boathouse Marlow Hockey Club Marlow Town Council Marlow Youth Football Club Meals from Marlow No.5 Outward Bound Trust Phyllis Tuckwell Memorial Hospice Ltd Reading University Royal Horticultural Soclely Sayers Croft SHOC Soulh Downs National Park Trust STCF PhilanthropyA¢¢ounl Surrey SATRO Tharnes Hospice Thames Tiadilional Boat Rally The Amber Foundation The Rotary Clubs of Mallow The Royal National Lifeboat Inslilulion The Royal Society For Blind Children Thomley Activity Centre TRAD Volunteer11 Yourself CIC Wallingford Accessible 8oat Club Watlord New Hope Trust Windsor Lions Wycombe Homeless Conne¢lion Youth Concern 1 st Chesham Scout Group 1st Cookham's ScoLrts 181 Radnage Scout Group- RIC 1018127 9th Bracknell (South Hill) Scout Grtsup Other grants 30,000 3,000 25.000 12,828 30,000 30.000 60,000 10.000 60,000 5,000 10,750 3,500 6,500 10,000 10.000 30.000 14,700 12,000 10,000 10,000 15,000 10.000 10,000 {25,0001 5.000 10,000 15.000 10.000 10.OCMJ 20.0 20,000 25,000 30,000 15.000 50,000 50.000 150,000 97.500 20,000 7,500 8,750 200,000 12,000 50.000 10.000 10,000 5,000 35,500 12,050 15,000 10,000 500 10,000 ifjo,0001 s.￿0 15.OCX) 122.250 13,913 10,000 15,000 12,188 1,111,309 1,172,586 2,054.188 1.729,136 13- THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payabl• Icontlnuedl An analysis of grants by nalure of project being supported is as follows.. 2024 2023 Community 625,447 402,034 162,700 861,307 4,200 1,213,600 102.661 166.954 224,922 21,000 Education Health & Welfare Wildlife & Consetvalion 2.055,688 1,729,136 During the year. amounts paid lo individuals totalled £1,50012023'. £Nill. Support ¢o$ts allocatsd to actlvltles Total 2024 Total 2023 Staff costs Sundries Advertising Bank Charges Insurancè Calering costs lor charity event Governance 33,271 765 11,418 875 1,632 32,713 8.385 146 1,632 6.067 8,820 9,258 57,219 57,763 2024 2023 Governan¢• eosts comprlsè: Audil fees 9,258 8,820 9,258 8,820 Net movement in fund$ 2024 2023 The nel movement in funds is staled after chargingllcredilingl.. Fees payable for the audit of the ¢harily's financial statements 9.258 8,820 14- THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Admin staff Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 29,570 2,816 885 29,183 2,726 804 33.271 32,713 Ther8 We￿ no employees whose annual remuneration was more than £60,000. Trustees. remuneration and b&n•flts There were no Iruslee's remuneTalion or other benefits for Ihe year ended 31sl December 2024 nor for the year ended 31 $1 December 2023. Trustee's gxp9nsos There were no Iruslees, expenses paid for the year ended 31 sl December 2024 nor for the year ended 31st Decernber 2023. 10 Debtors 2024 2023 Amounts falling due within one year: Other deblors 67,177 67,209 11 Cradltors: amounts falllng du& wlthln one year 2024 2023 Othèr taxalitsn and social sèeurity Grants payable Accruals and deferred income 640 393,526 8,400 640 242.885 8,400 402.566 251,925 15- THE SHANLY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Creditors.. amounts falllng duo aft8r more than one year 2024 2023 Grants payable 160,750 63,000 13 Ultlmate controlling party The uttirnale controlling party is considered to be M J Shanly. 14 Related party transactions Transactions wlth rèlated partles During the year the corporate donation5 receivable Its thè charity were as follow5.. 2024 2023 Sorbon Group Limited Sorbon Invastmonts Limited 1,750,000 57,100 1,250,(KJO 34,300 1,807,100 1,284,300 15 Cash absorbèd by opèrations 2024 2023 Delicil for the year 1176,93n {379,3901 Adju¥tmènts for.. Investment incorne recognised in slalement of finanaal activities 1128,750) 1122.89S} Movements In worklng capltal.. Deorttasellincreasel in deblors In¢roaselldecreasel in creditors 32 248.391 {43,570 {49,3201 Cash absorbed by opèr#tlons 157,264) 1595,1761 16-