Charfty R8g15tratlon No. 1188154
THE SHANTY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

THE SHANTY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
J Manson (Chair and
Treasurer)
M Cassidy
H Bralchell
E Boot
C M¢Murdie
Charity number
1188154
Prlncipal address
The Cedar8, PIX Farm Lane
Hemel Hempstead
HP12RY
Ind8pend8nt 6xamln•r
Ward Wllliams Limited
Bay Lodge
36 H8refield Road
Uxbridge
Middlesex
U88 IPH
Bankers
CAF Bank Ltd
2S Klngs Hill Avenue
Kings Hlll
West M811ing
Kent
ME194JQ

THE SHANTY TRUST
CONTENTS
Page
Trustees, rep¢)rt
Independent examiner's r8POrt
Statement of )Inandal activitie8
Balance sheet
Note$ lo the financial statements
7-11

THE SHANTY TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2024
The Iruslee8 present Ihoir report and finanual statements for the year ended 28 February 2024.
The financial statements have been prepared In accordance wllh the accounting policies sel out In note 1 to the
financi81 stslements and cOM￿Y with the charity's trust deed dated 16 December 2019. the Chadlies Act 2011
and 'A¢counling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
Pfèpafing theif accounts in accordance with the Financial Reportsng Stsndard applicable in Ihg UK and Republic
of Ireland IFRS 1021. (published In October 2019}.
Objactives and actlvltleg
Summary of Purpose$
The relief of povety for the public benefit particularly, bul not exclusively. in Kolkata, India. by providlng grants lo
Indi￿duS{S in need andlor charities or other organi8ations worklng to Telieve poverty.
The trustees are confident In tho publlc benefit as dellned by the Charity Commission.
Summary of Maln Actfvitles for 2023- 24
Fundralslng to support projects run In Kolkats Indla by Indlan NGO, nllala Socloty for Human and
Educatlonal Developmont.
1. Managlng fvndra181ng through tho GlobalGlvlng crowdfundlng plarform.
To support after-school educauonal cla88es for 600 destilule children from Kolkats's
squatter communities
11. To support 20 deslitule glrfs from Kolkata slums to attend school and vocational training
iii. To provide emergency food and medical aid for deslitule families in crisls
iv. To support business development training for dostsbjle women ￿akIng lo take out
micro108ns
2. Arranging n•w fundlng ft)r Rlghts and Entitlements Programm•
To facililale the estsblishmellt of Self-Help Group¥ in 4 squatter communities and ene
slum community across Kolkala
li. To ensure that all resident8 In our tsrgel communities can assert their rights and access
entitlements to all slate of West eengal and national Govemment of Indi8 schemes
3. Scrutlnlslng the actlvlties of Tlllala SHED, the Imp￿mentIng NGO, through an annual trustee wsit and
regulaf reporting.
4. Remlttlng fund8 to Kolkata quartgrfy on presentation of quarterfy reports and budgets
5. Supportlng local (Kolkats-basod) fundralslng by engaging an experlenced fundralslng
profg$slonal. Liaising regulat1y with and supporting the I￿?1 fijndraisof

THE SHANTY TRUST
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 28 FEBRUARY2024
Achlevemonts and ￿rformanCe
1. Local Fundralser - Whilst The Shanty Trust has ra1s8d fewer funds from crowdfund1￿ and
offline fundraising in the last year, th$ implementing NGO, Tiljala SHED, has successfully won
SL¢PPOrt from corporates and inslilutions in Kolkata and more widely in India. This is larg6ly
thanks lo The Shanty Trust's encouragement and the engagement of Sonali Mundl8, an
excellent fijndraising professional. The Shanty Trust's purpose is lo support the vital work ol
Tlljala SHED and encourage sustainability and this is going very well.
2. Vocational Support - Durtng the 2023 trustee visit, the board and management of Tiljala
SHED in consullation with the Shanty Trust decided lo shift focus lo vocational training and
a￿Y from college and university education. Having n&ver had youngsters passing class X
and Xll (GCSE and A level equivalentl in these communilles before the current education
programme expanded in 2016, this was not an issue that needed addressing before. It lakes
courage for a young pers¢Jn from such a poor section of society to loin a training scheme and
much encouragement wa8 required, but we now have a 5te8dy stream of yovng people
entering galnful employment on training 8chemes, mostly in hospitality and food preparatS0n.
This is a first in their cornmunilies where almost everyone Is engaged in the Infomial economy
rag pi¢klng, begging, rickshaw pulling, vegetable selling, domestic service. Thljala SHED slaff
have worked hard al maklng useful contacts in the bu$ine88 communty- who are tho key to
success in this endeavour.
3. Funds for Rlghts and Entitlements - Thanks lo the generosity of the Syncona Foundation.
the first tranche of £10,000 is currently being deployed for the Rights and Enlillements
Programme. The team of four wornen with volunteer helpers in the community are working
hard lo ensure all eligible members of each of the four target communities are able to ap￿Y for
the varSous national and state govemmenl schemes. Pensions, he8tth insurance, school
8cholafships, rations etc. The team is also helping sel up Self Help Groups. The groups of
around 11 women open a bank account and save a small amount each month. They can then
borrow from the group at a very low interest rate. Some groups also lend oulsidg the group for
a higher rate. A group that saves well Can also approach a bank for a business loan. This ha8
been very successful for some groups. The SHG is an ide81 forum for women lo discuss a
resolve problems and to share ideas. They make themselves responsible for the cleanliness
and tidiness of the community and help out families in crisis. They feel empowe￿d to
approach local officials lo complain about short rations, or a poor water supply. The SHG has
8 positive effect on the whole community. We also find that our small cohort of lilerale young
aple aro able lo hdp th8ir mothefs sel up and manage the SHGS.
4. Trust8a Visit - Jane Manson {Trusteel visited mljala SHED in J8nu8ry 2024 ar￿ was very
encouraged 10 88e how well the Self Help Groups werg running. Tho after-school classes
have been enhanced by Tae Kwon Do classes, with a volunteer black bell coach who has
taken some of the youngsters lo competitions. Wnning medals in a large open competllion is
an undreamt of expetience for a child brought up on the margins of society. Other young
people have joined a training course in fo¢d preparation lor the airline industry and others
have obtained work as chets, drivers and salespeople. Jane mel up with S¢Jme of these
youngsters
they are Tiljala SHED'S great success. The Self Help Gioups welcomed Jane.
Shelearned how they have lobbied lor $chool ￿hOlarShIpSIb￿r$8rleS for (heir children.

THE SHANTh TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2024
Flnanolal rovlvH
Detalt8 ofthe flTrarK491 perforM¢e fu the pwké are aet OLrt ￿ pages 5 to 11.
The main sounx of in¢une fcf The Shanty Trust are from donthns made, the ma1￿ ol WI￿ as noted
above were Tecelved y5a the US based cr¢wdfiJnding platfcmi, Glob31 Gtwng. The Shanty Tru8t
£20.000 from Syno)na Ltd for 2 year8 fundlng of the Rights & Eniltlements progf¥mme, of vthlth £iO.ooo has
been received thtis yegr. In total, £31,650 (2023.. £25,167) w88 reAved thjring tl* perlod, with ¢osis expend$d ot
£37,tr74 (2023.. £58,52n. £30,344 (2023: £57,352) of wern amounts dl$trTlwted dliecuy kn fi¥a
SHED to support their dlarftable work d6• In Indla.
After the deficil for Ihe ye8r 01 £5,424 P023: £33.3601. there Its a reman ruerv¢ of £34.188 (2023.. £39,612) trj
b& ewrlsd fo¥w4rd and to be LE8¢d h thrtsTartoe of thè clHW3 objecttves wlth £27,$54 P023: £33,034) of thtF
bein9 Iestrtded In nabJr•.
Iusks Faclng th• Charlty
The tru¥tees have a3ses8ed Ihe majprii8ks tDvthkn the charfty [8 expo880, 8r• 38tisfiad that systoms are
place to mlttgats exwsure to the mw risk8
Thè Shanty Trust ha8 no assets olher Ihan ￿6h at banK and no l￿bill￿e$ apart from the item¥ Induded wilhin
accruals. Jane Mans¢)n is tho onty 8xecuOv8 and this is a voluntary Tole. 2ecauB8 of Tt5 notuft, th8 Twstees do
not ¢onsider I ntt¢99ary knthe charity to hokl a set ￿e1 of reseNe¥ or have a ¥et reseNes poNq.
Futur• Plan8
To c¢nlinuo to ¢r￿lurag&10eAI fiMdfaE8in9 In.Kolkata, to enC￿1rager1fja￿ SHED to 4tsu8tsirkgtyUEty and
IndepeTrJence fiDm forntgn funds.
M8anwhile to continue k5 find fund$ for Rights and Enlllèmotts as thls b Ihe bad(bene of ww0￿.
To arraroe fwthertrustse visits la 8¢rulin* thè work to an¢ourag• staff th•rft.
Strucknrej goygmanu •nd matr4•mont
The Shanty Tw8t Is reglstered the Ch*rfty Commi68t¢n as of24th F8bN$ry 2020 (tharfty NmlKr 11881S4).
The d)¥ity i¥ g¢Jvwned by Its trust deed dated 16th December 2019.
The trustees who servo11 durfng theyear and up to the dats 0f￿g￿ra ofthe )InAnry81 stat8m¢ntSWoro.'
J Man80n (Chalr and Trea6ur•r)
M Ca88tdy
E Boot
C M¢Murdlé
Newlwstses are apwrtsj v14 rlwnmendallon by th• 0x1s￿￿9 bvstw ofthe tharity.
The trust80s' rgportvRs approved by the 8oard IA Tru8ta¥.
J Manson (G￿tr and Tf•b¢nr
tru*ee

THE SHANTY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SHANTY TRUST
I report lo the trustees on my examination of the financial statsment5 01 The Shanty Trust Ith6 chartyl for the
year ended 28 February 2024.
RgsponslhllStle$ and basls of rgport
As the trustees of the charlty you afe responsible for Ihg preparation of the financial statements in accordar¢ce
witti the requirements of the Charities Act 2011 (the 2011 Act}.
I report in respect of my examination of the charity'5 fflnancial statements carried out under section 145 of the
2011 Act. In ¢arrwng out my examination I have fdlowed all the applicable Directions given by the Charity
Commission und8r section 14515llbl of the 2011 Act.
Independent examlnerfs statemenl
I have completed my examlnalion. I conflmi that no Tnatters have come lo my atten￿on in ￿nneCtIOn with the
examination glvlng me cause lo bolieve that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. lx
the financial statements do not a¢cord with those records- or
Ihe financial slalements do not comply wth the applicable requirements concemlng the form and content
of acwunls sel out in the Charities (Accounts and Reports) Re9ulallons 2008 other than any requirement
that the aecounls give a true and fair vlew which 18 not a matter considored as part of an indepgndenl
examination.
I have no concerns and have eome across no other matters in connection with the examination lo which
attentlon should bè drawn in this report in order to enable a proper underslandlng of the financial statements lo
be reached.
F. Harling ACCA
Ward Willlams Llmited
Bay Lodge
36 Harefield Road
Uxbridge
Middlesex
UB81PH
Dat8d.. .kn..l111.2ot*

THE SHANTY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY2024
unrest￿Cted Restrlcted
funds
funds
Total
2024
Total
2023
Nots$
Donations and legacies
Investments
5,526
75
26,049
31,575
75
25,116
51
Total Income
5.601
26,049
31.650
25.167
Raising funds
5,384
5,384
40
Charitable aclivib'es
1,346
30,344
31,690
58,487
Total resources oxpended
6,730
30,344
37,074
$8,527
Net outgolng rnsourcgs before transfers
11,1291
14.2951
{5,4241
133,3601
Gross transfers befv￿en fund3
1,185
11,1851
Net Incomel{expendltUfe) for tho ygarf
Net movement In funds
15,4eoi
15,424)
133,3eo)
Fund balances at 1 March 2023
6,578
33.034
39.612
72.972
Fund balan¢g8 at 28 February 2024
6.634
27,554
34.188
39,612
The ststement of financial aclivilles includes all gains and108ses recognlsed in th8 year.
All income and expenditure derive from continuing activities.

THE SHANTY TRUST
BALANCE SHEET
AS AT 28 FEBRUARY2024
2024
20fJ
CurY•rt
C¥sh at bank and In hand
3S,208
40,sn
Crgdltorn: amounts f4Hlng due withlTr
oney
io
11.020)
($601
34,188
39,612
In¢om• funds
Reslricted fvnd¥
Unre8ts1ctsdfiJndy
33,034
6.578
6,634
34,188
.612
The finanoal st•tem¥nts ￿*re approv￿ by t￿eTr[￿le¢S m.. .-
J Man8on {ChAlr and ha8uror)

THE SHANTY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY2024
A¢¢ounting poll¢les
Charlty Infomatlon
The Shanty Trust was registered with the Charity Commission on 24th February 2020. The reglstered charfty
number is 1188154.
1.1 A¢countlng conventlon
The financial statements have been prepared in a¢cordan¢e wrth the charity's goveming document, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Slaternent of Recommended Practice
8ppllcablo lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Repul￿1¢ of Ireland {FRS 1021" (published in October 20191. The charity is a Publi
Benefit Entity 88 defined by FRS 102.
The charity ha8 taken advantage of the pmisions in the SORP for charllle8 applying FRS 102 Update Bull&tin
1 not to prepare a Statement of Cash Flows.
The financial s181ements have departed from the Charities IAccounls and Reports) Regulations 2008 only to
the exlent required lo provide 8 true and fair view. This departure has invdvod following the Slalement of
Recommonded Practice for charities applying FRS 102 rather than the vefsion of the Statement of
Recommended Practice which 18 referred lo in the Regulation8 bul which has since been withdrawn.
The financial slaternenls are prepar8d in sterllng. which is the functional currency of the charity. Monetsry
amounts in these financial s*atementS are rounded to the nearest £.
1.2 Golng collcorn
At the time of approvlng the financial ststemenls, the Irusl¢es have a rea80nable expectation that the charity
has adequate r$sources lo continue In opfjralional existence for the foreseeable future. Thus the trustees
continue to adopt the going ￿nCeM basis of accounting in preparing the financial slalemenls.
1.3 Charftablo funds
Unreslrided funds are available for use at the discretlon of the trustees in fvrtherance of their charitable
obj-ectives unless th& funds have been designated for other purp¢)ses.
Restricted funds 8re subject lo specthc condltlons by dorlors as to how they may be used. The purposes ond
uses of the restricted fijnds are set out in the notes 1¢ the financtal $18lem8nts.
IA Incomlng reSoU￿eS
Income is recognised when the charlty is legally enlilled lo it after any perf0ma￿e ¢orKli16on8 have been met,
the amounts Can be measured rel18￿y, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised oncg the charity has been notified
of the donation, unle8s performance conditions require deferral of the amount. Income tsx recoverable in
relatlon lo donations received under GIft￿.d or deeés of covenant is recognised at the lime of the donallon.
Legacies are recognised on receipt or othe￿1$9 if the charity has been nollfted of an Impending distribut￿n,
the amount Is known, and receipt is expected. If the amount is not kn¢)wm. the legacy is Irealed as a
conllngenl asset.

THE SHANTY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2024
Accounting pollcles
Icontlnugdl
1.5 Resourcès expendod
All exponditure is accounted for on an accruals ba818 as a Ilability is incurred.
Charitable activities expendllure comprises those costs incurred by the charity In the dellvery of ils activities
and services lo its beneflciaries and those costs necessary lo support them,
Govemance costs inclLkde thosfj costs associated wllh meetlng the conslitulional and statutory requirements
of the charity and other exp8ndlture not directly related lo the chafitable actbvilies.
1.8 Cash and cash oqu6valents
Cash and cash equivalonls include cash In harKI, deposits held at ¢all with banks, other short-lerm liq¢Jld
investments with original maturltles of three months or less, and bank overdrafts. Bank overdrafts aro shown
within borrowings in current liabilities.
Baslc fln•n¢lal assets
Basic financial assets, which Include debtors and cash and bank balances, are initially measured at
Iransactlon price including transaction costs and are subsequently carrfed al amortised cost using the effectlve
interest method unless the arrangement conslilutes a financing Iransadion, where the transaction 18
measured at the present value of the future receipts discounted al a market rata of intsrest. Finandal assets
classified as Teceivable within one year arè not amortised.
8aslc financlal Ilabilities
Basic financial liabilitles, inclLtdlng creditor5 and bank loans are1nilially recognised at transaction ptlce unless
the arrangement conslltutss a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted at a market rate of interest. Financial liabilitles classified as payable
within ono year are not amorfsed.
Derncognltlon of Ilnanclal Ilabilltles
Financial liath'lilies are derecognised when the ch￿t￿S Contractual obligats'ons explre or arè dischorged lx
cancelled.
Donatlon8 and legacles
Unrèstrlctsd Restricted
funds
funds
Total
2024
Total
2023
Donations and gifts
5.526
26,049
31,57S
25,116
For the year endgd 28 February 2023
4,556
20,560
25,118
Investments
2024
2023
Interest receivable
75
51

THE SHANTY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FE8RUARY2024
Ralslng funds
2024
2023
Other fundralsing costs
5,384
40
5,384
40
Charitabl8 activities
2024
2023
Grant funding of actlvits'es (see note 61
30.344
57,352
Share of support costs (see nolg 7)
Share of govemance costs (see note 7)
326
1,020
175
960
31.690
58.487
Analysls by fund
Unreslricled funds
R8stricted funds
1,346
30,344
31,690
For th& year gnded 28 February 2023
Unreslricled fijnds
Restrided funds
1,135
57,352
S8,487
Grants payablo
2024
2023
Grants to institullons..
The Tiljala SHED
30,344
57,352

THE SHANTY TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2024
support costs
Support costs
Govgrnan¢•
costs
2024
2023
Bank charges
326
175
A¢c￿JnIancY
1,020
1,020
960
326
1,020
1,346
1,135
Analysed ba￿en
Charftsble aclivilies
326
1,020
1,346
1,135
Govemance costs includes payments lo tho independent oxaminers 01 £1,020 in¢ludlng VAT (2023.. £￿0
indudlng VATI.
Trustees
None of the Iru51ees lor any persons connected wlh them) received any remuneration or benefits from th8
charity during the year.
Employegs
There were no gmployees during the year.
10 Credltors: amounts falling due wlthln one year
2024
2023
Accruals and deferred income
1,020
960
10-

THE SHANTYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2024
11
Restrlcted funds
The income funds of tho charity Include restricted funds comprtslng the following unexpended balances of
donations and grants held on trust for specific purp088S'.
Movgmont in fvnds
8alance at 1
Incomlng Resources
March 2023 resources
exp8nded
Transfers Balance at 28
February 2024
Ilvelihood
Emergency Food and Medicine
Girfs Educallon
General Education
Covld Recovery F¥Jnd
10,482
1,455
8,326
5.786
15,7401
15,712}
15,805)
113.08n
4,742
4,257
11.804
14,125
7,301
112,7431
21,430
8.687
33.034
28,049
{30,3441
11,1851
27,554
The 2bove reslrictsd funds all relate lo speclfic projects belng undertakgn by a charitable organisalion in Indla
called The Mlj8la SHED.
12 Rolatsd party transadlons
There were no disclosable related paty Iransactlons dudng the year.
11