Registered Charity No 1187173 FRIENDS OF SHENSTONE TOWER a Charitable Incorporated Organisation REPORT AND FINANCIAL STATEMENTS FOR 12 MONTHS TO 31st DECEMBER 2024 Registered Charity No. 1187173 FRIENDS OF SHENSTONE TOWER Charity Information Trustees Jeremy David Cotton Joseph James David Matile Paula Ball Stuart Alan Jones lan Richard Law Peter William Lawren Shirley Ann O'mara Bronwen Brazell Ross Karen Jane Welch Raymond John Charnberlain Chairman Treasurer Resigned 05.06.24 Independent Examiner K H Goldsworthy Incorporated Financial Accountant Goldsworthy & Co 30 Footherley Road Shenstone Lichfield WS14 ONJ Principal Office 25C Main Street Shenstone Lichfield Staffordshire WS14 OLZ Registered Charity Number 1187173 Registered Charity No. 1187173 FRIENDS OF SHENSTONE TOWER The report of the trustees for the 12 months to 31st December 2024 The trustees present their annual report and accounts for the 12 months to 31st December 2024 The financial statements comply with the Charities Act 2011 and Reporting Statement of Recommended Practice applicable to chaities preparing their accounts in accordance with the Finacial Reporting Standard applicable in the UK arFd Republic of Ireland IFRS 1021 leffertive 1st January 20151 Objectives and Artivities of the Charity Restore, preserve, repair, maintain and imrove for the wider public, the historic grade 2. listed lat risk l old church tower I list entry number 103883001 specifically to = develop the community use of the tower for the for the advancement of the education of the public '. as an intimate centre for the arts,. as a historical learning centre and as a viewing platform on the established Shenstone Heritage Trail HAIRMAN'S REPORT chievements and Performance e completed the renovation of the Tower in October 2022 and since then have been fitting it Oltt to nhance a visitor's experience, and opening it to the public. e have installed benches, 3 outdoor information boards and a nobce board outside the Tower- uplighter5 to softly illuminate the outside of the Tower." historicdl information boards on each floor inside the Tower, and we are installing a video system which will allow people to experience the ower without having to climb the stairs and a tOP05cope to explain the view from the top of the ower. We also offer graveyard and church tours to enhance a visitor's experience. e continue to open the Tower to visitors on the first $3turday of each month and a Sunday fternoon during the summer. The key is also awailable from the local library desk. In addition, we ontinue to open the Tower to visiting groups at a time that suits them. and have h05ted a number o isits from Community and Family gmups. Ensuring we are open at a time to suit our visitors is an mportant part of what we do. and we will continue to talk to our community and be creative about ow we can do this. e a￿ blessed.with a good number of volunteers who look after all aspects of our operation,. ncluding Trustees. historical research and production of information boards, cleaning and opening he Tower for visitors. We are well supported from our local community. n all this, we recognise and thank St John's for its support. he Trustees are aware of the charity Commission guidance on public benefit and make decisions Ith due regard to this guidance. und Raisin e are also very grateful to The National Lottery Heritage Fund, Shenstone Parish Council, tsffordshire Community Fund and the Shenstone Festival for further grants we have received owards fitting out of the Tower for visitors. Registered Charity No. 1187173 e also continue to receive generous donations from the local community and visitors. hese grants and donations will enable us to complete the fitting out of the Tower and to build some eserves towards future operating costs and good maintenance. n all our fund-raising we are cognizant of the Charity Commission and Fundraising Regulator's uidance and we are registered with the Furbdraising Regulator. All our funds are raised to support ur objectives of repairing and opening the Tower for the public. inancial Review he accounts show income of £9,695 and expenditure of £11,151- thereby showing a deficit of ncome over expenditure of £1,457. his leaves funds of £23,197. We have budgeted the ￿Ma1nder of fitting out of the Tower, and when mplete, we esbmate we will have around £15,0￿ of charitable funds, which we will use for n80ing maintenance and running costs. he principal risk5 facing the charity are laid out in our Risk management register which is updated nnually. The main risk is that ong(Nng costs exceed our income and re5etves, at the moment we re budgeti ng all costs carefully and are well pla￿d. J D Cotton Dated &2J 20£9 Regittered Charity No. 1187173 FRIENDS OF SHENSTONE TOWER INDEPENDENT EXAMINERS REPORT ON THE UNAUDITED ACCOUNTS TO THE TRUSTEES OF THE FRIENDS OF SHENSTONE TOWER l Report to the charity trustees on my ex3mination of the accounts of the Friends of Shenstone Tower for the yearended 31st December 2024 Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act") I report in respect of my examination of the Charities accounts carried out under section 145 of the Act and in carrying out of my examination I have followed all applicable directions given by the Charity Commission under section 14515llbl of the Act Independent Examiners Statement I have completed my examination and I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect = l Accounting records were not keep in respert of the Chartty as reqUI￿d by section 130 of the Act or 2 The accounts do not accord with those records or 3 The accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this respect in order to enable proper understanding of the accounts to be reached. K H Gold5WOrthy FFA FIPA FTA Goldsworthy & Co Incorporated Financial Accountants 30 Footherley Road Shenstone Lichfield WS14 ONJ Date Reglstered Ch3rty No 1187173 FRIENDS OF SHENSTONE TOWER STATEMENT of FINANCIAL ACTIVITIES 12 MONTHS TO 31st DECEMBER 2024 2023 INCOME nts:_ National Lottery Heritsge Fund Community Foundation of stsffordshire Shenstone Pari8h Council She￿tOne Village Fesbval DonotlOnS Pilgrim Trust chfield DC LOOO L141 5,0 TOTAL INCOMING RFSCOUR 9.695 12.880 EXPENDITURE Groundwork5 FixturÈs & Fittings/Trtting O Insurance Al8nn Maintenance Advert￿in￿M8rketing Electricity Bank Charges Sundry ExpÈnsL% 16,497 7,7￿3 4,842 4.549 418 71 69 ii,si 204 29,468 EXCESS OF EXPENDITURE OVER INCOME 1,457 16.588 BALANCE SHEET AS AT 31ST DECEMBER 2024 2023 The assets and liobilities of the charity CurrÈnt Assets Cash at Bank and in hand 18.197 24654 23.197 24.654 The funds of the charity Unrp5thtted Incorne Fund5 -brouBhtforward 24.654 4L242 Excess of Expenditure over Income Total a)8rlty Funds 11.4571 23,197 116,5881 24,654 Note:_ Total Dlrect Costs to Date of theTowerRenovBtton andfFttlng out 55L676 J D Cotton- Chairman Approved by the Trusiees on Re￿stered Charity No. 1187173 FRIENDS OF SHENSTONE TOWER Notes to the Accounts- 3tst December 2024 l Accounting Policies Ba$ls of p￿paring the financial statements The accounts of the charity have been prepared In a￿ordance 4th Ihe Chan"15es SORP I FRS1021'Ac¢ountiro and Reporting by Chariaes.. Statement of Reo)mmended practi￿ applir2ble to thant￿8 preparing th8ir accounts in accordance wth the Finanoal Reporbng Standards appficable in the UK and Republi¢ ol Ireland l FRS102) (effective 1 January 2019,, Financial Reporting Standard 102 The Finanual Reporting Standard applicab In the UK and Repubnc of IrelarKI and the CharTbes A(* 2011, Accounting Convention The a￿Unts have been prepar&1 underthe histori￿ cost (x)nvention Taxation As a registered charity. the charfty is exemptfrcffi IrK*me aThJ Corporation Tex lo the extentthat its in¢ome and gains are applicable lo Charitab￿ purposes only. Vau8 Added Tax is not i8￿Verable bythe charrty and f( is Iherefore induded in the relevantcosts in the statement of HnancI￿ Activib"es Fund5 Structure charty maintsIns a géneral unrestiithd fvnd represents funds whtth are eyndable atthe dlscretion of the trustees in furtheranr£ ofthe obpcts of Ihe charity. Suth tunds rnay be hekl to finan(x both worknng capital and ¢apiial investsnenl Income Accounting Policy InGome is rec￿n￿ed when the chartty ha5 entiuementtr) the funds, any perforrnan(z corKI"th"ons attach￿ to the iiems have been met. ft ts probable that the income wll be receNed and the amount can te measured reliably.