Charlty Reglstratlon No. 1192048
THE SHANDFORD TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
Lentells
Chartered Certified Accounianis

THE SHANDFORD TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Tw$t•¢$
Mr Marc Jobson
(Appointgd 28 O¢tober
20201
(Appointed 28 October
2D201
(Appointed 28 October
20201
(Appointed 28 October
20201
Mrs Joanne E Varbslone (Treasurer) (Appointed 28 October
20201
(Appointed 28 October
20201
(Appointed 28 October
20201
(Appointed 28 October
20201
Mr Christopher Davis Ichairnianl
Dr R￿hard Mejzner
Mr Paul Boult
Professor Louise Jacques
Mrs Penelope Leather
Mrs Jackne Collins
Charlty numbor
1192048
Principal address
Clo Public Hall
Station Road
Budeigh Salterton
Devon
EX9 6RJ
Independent examiner
Lentells Limited
17- 18Lea¢h Road
Chard Business Park
Chard
Somer5el
TA20 1FA
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA
Solicitors
Tozers Solicitors LLP
BToadwalk House
Southemhay W
Exeter
EX1 1UA

THE SHANDFORD TRUST
CONTENTS
Page
Trustees. report
ststement of trustees, ￿$￿)nsIbil￿.es
Independent examinerfs ￿port
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the finanual ststements
10-14

THE SHANDFORD TRUST
TRUSTEES, REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2021
Thè trusteès prèsent their annual rep￿ and finanual statemènts for thè Peri(xl ènded 31 D&cem￿r 2021.
The financial stslemenls have been prepared in accordan￿ with the accounting policies set out in note 1 to the
financial statements and comply wth the chartvs Igoverning documenll. the Charities Act 2011 and "Accounting
Reporting by Charilie5'. Stslerllenl of Recommended Pradice applicable to Gharilies preparing their 8¢counts in
8c¢ordan¢e with the Finan￿81 Reporting Stsr￿8rd applicable in the UK and Republic of Irel8nd IFRS 1021.
(effective 1 January 20191.
Objectives and activities
The charills objects are lo provide financial as5i5tsnce toward5 the (K)sl of care and home servi￿S, facilities and
associated amenikn'es and to fund the provision of residenb.al care to 5UPFKJrt older person5 of limited means in
Budleigh Sallerton, East Budleigh, Otterton. Colalon Raleigh and Bicton.
There a￿ no significant restricted funds or endowment funds.
The poli¢ies adopted in ftJrtheran¢e of these obje¢ts are to provide grant fvnding to older people for their
a¢¢ommodation or Care, particularly those in finan¢ial need, those who are frail or with disabilities, who live in
Budleigh Salterton, East Budleigh, Otterton, Colalon Raleigh or Biclon. It is indiscriminate as to age, disability,
gender reassignment, marriage and avil partnership. ra￿. religion or belief, sex or sexual orientation and there has
been no change in Ihese during the Period.
The charity is still to Commen￿ its activities for reasons set oul in the achievements and perf0mlan￿ paragraphs
below.
The trustees have paid due ￿gard to guidance iSSL*d by the Charity Commission in deading what activities the
charity should undertake.
Achievements and performance
The New CIO
The CIO was registered on 28 October 2020. This was done in anticipation of an agreement with The Abbeyfield
Sociely ITASI for the transfer of the proceeds of the sale of the Shandford Residential Care Home {SRCHI, which
they operated in Budleigh Salterton, and of legacy funds toialling £196,000 held by the home. The home was closed
in April 2020 by TAS as il was considered no longer finanually viable.
Prior to this, in 2012, Shandford Residential Care Home Ltd, which operated as a community benefit sociely, had
transferred the Shandford Residential Home to TAS. That transfer deed stipulated that, if the home was
subsequently closed then any assets realised had to continue lo be used in accordance with that deed. The deed
defined the use of the funds as to providing housing and associated amenities for elderty persons of limited means
on lem7s appropriate to theirmeans in Budleigh Salterton, East Budleigh, Otterton, Colaton Raleigh and Bicton,.
The CIO was estsblished as the enb'ty to re￿1ve these funds and fulfil this purpose. The Trustees will fund the
provision of care, as well as accommodation, for that vulnerable group of people.
Proceeds from th8 $818 ofthe resA"dents"81 ¢8re home
In the period from the founding of the CIO unlil re￿Ipt of funds on 16th December 2021, the Trust was in near
¢onslanl Communication with TAS regarding the sale of the home, the amount obtained for the sale, the timing and
transfer of the pro¢eeds lo our CIO. The PrO￿rtY was sold at auction under TAS, inslru¢tions on 16￿ De¢ember
2020 for £700,000.
The CIO received £729,000 on 16th December 2021, a year after the sale of the propety. The sum was made up of
£196,000 ol legacy funds and £533,000, being the nel amount of the propety sale after deduction of closure costs
by TAS of £167,000.
The delay in transferring the funds was caused by failures in TAS. administration, the death of their CEO in the
Spring of 2021, and the dispute between TAS and our CIO regarding the deduction of closure costs, with which we
vehemently disagreed.

THE SHANDFORD TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Thè Trustèes, vièw was that it was TAS. business deusion to dosè the home. In Clause 3.5 of the original Transfer
Deed between TAS and SRCH dated 1st March 2012 is stated 'tin the event that it (TAS) disposes of any of the
Pmperty, -... the pmceeds are to be applied for specific p￿￿oSe￿, (as staled in the Objects).. There is no mention of
closure costs deductions, and therefore, any deduction should reasonably only include sales costs (agents and
legall, as had previously been agreed between TAS and the CIO. nol business Closu￿ costs.
In the event, and at a meeting of TST Trustees in August 2021 it was deaded that there was no option but to accept
TAS, proposal with deduction of the dosure costs.
Methodology forapplying funds in accordan￿ with the Objects
When registering the new CIO, a grants w)licy was also submrtted to the Charity Commission. sin￿ receipt of the
funds did not occur until the end of 2021, the CIO was nol able to consider the practical application of the funds
before the end of the reporting peri¢yJ.
Plans forFulure Periods
Going fornard, the CIO is ¢onsidering one main possible option. and one subsidiary one. for the application of funds
in accordance with its Objects.
Firstly, the CIO does not have sufficient fijnds or reSoUr￿S to purchase a propety and provide accommodation and
care on its own. It will explore the possibility of a Joinl Venture with a housing assoaation, whereby the CIO would
purchase a suitable property, either in the fomi of a plot or an existing building, for an amount not exceeding
£500,000, with the housing association developing and administering Ihe site for up to 6 sheltered homes for older
people of limited means from Budleigh Salterton and the named surrounding villages.
Rent charged for the property purchased will provide a SOUT￿ of Ir￿Me on the investment made.
The intention is that the property is named after the Shandford Trust.
Secondly, whilst the trustees recognise the need of individua15 in the COTnmunity who would benefit from extra
resources to help them in their own homes. for example wth minor improvements or refurbishment, or in the
provision of Care. Identifying these people and acting lairfy would be a very difficutt tssk. However, il is the intention
of the CIO lo hold b8ck some £200,000 for emer9en¢y ffle8sures of this type.
Financial review
The CIO first received funds from the sale of the then c105ed Shandford Residential Care Home of £729,000 on 16th
December 2021.
Changes during the year
Prior to that, on 3 De￿mber 2020, the then Treasurer had deposited into the account by way of loan £1,000 to
cover the Trust's initial expenses.
Apart from 12 monthly accoLJnt fees of £8 each. Ihere were no other transactions in the year.
The balan￿ at the year-end was £729.904.(M). There an no restricted fijnds. There are no commitments on the
funds held.
Going Concem
No material uncertainties related to events or conditions that may cast doubt about the ability of the charity to
continue as a going concern have been identified by the Trustees.
ReseNes
The CIO considers the amount of funds held to be sufficient for the achievement of its Objects. Once an initial
investmenl into a Joinl Venture project of some £500.0(K) has been made. it is the intention to hold some £200,000
for emergency grants to qualifying persons in the community-

THE SHANDFORD TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Structur•, gov•manc• and managèmènt
The charity is a Charitable incorporated organisation registered with Ihe charity commission. It was formed with a
model Charity Commission Conslitutson of a Charitable IncorrKJraled Organisation whose only voting members are
its trustees. dated 24 October 2020.
The trustees who served during the Period an(J up to the date of signature of the financial statements were..
Mr Marc Jobson
{Appointed 28 October 20201
Mr Christopher Davis (Chairman)
{Appointed 28 October 20201
Dr Richard Mejzner
{Appointed 28 October 20201
Mr Paul Boult
{Appointed 28 October 20201
Mrs Joanne E Vanstone (Treasurer)
{Appointed 28 October 20201
Professor Louise Jacques
IAppointed 28 October 20201
Mrs Penelope Leather
{Appointed 28 October 20201
Mrs Jackie Collins
{Appointed 28 October 20201
Mr KR Ward
{Appoinled 28 October 2020 and resigned 7 February 20221
The existing trustees were recruited a view to providing a cross section of skills and experience relevant to the
Objects of the CIO. They indude a past senior bank executive and board mernber. a professor of medicine, a
medical practitioner, a lawyer, an HR executive and pasl chair of a care charity. a health and wellbeing community
hub manager, the local town clerk, a prewous NHS area manager and care home executive.
Future Trustees will be recruited with the same principle in mind.
Trustee5 are appointed variously for a period of 2 to 4 yea￿, and are eligible for reelection. 11 is not the intention
that Trustees should serve more than 3 (x)n5ecutive lerTns.
Trustees will be offgred appropriats training where necessary. No training gaps have yel been identrfie(J.
The minimum number of trustee5 is 3 anij the maximum is 12. Should the number fall below 3 then the remaining
Iruslees may act only lo call 8 meeb'ng of the charity trustees lo appoint 8 new ch8Thty trustee.
Govemance
The CIO acts in accordance with rts goveming do(yJmer)t. the Model Constitution referred to above.
Meetings are scheduled lo be held not less than quarterfy_
Initially meeb'ngs of Trustees We￿ held on an ad ho¢ basis. pending the ￿CeIpt of funds at the end of 2021. The first
formal meeting was held in August 2021 once the Truslees had made awa￿ of the funds available for transfer
from the Abbeyfield Society.
All decisions are taken either at a meeting or by resolution in writing. A simple majority ofTrustees is required.
An Annual General Meeting is held to approve the Trustees, Rerx)rt and Accounts.
All Minutes and Accounting records are held by two of the Chairman. Secretary and Treasurer as appropriate.
Management
The CIO consists of a Chairman and Treasurer. drawn from the Trustees. The Secretary is employed on a part lime
basis.
There is a Grants Committee consisting of 4 Trustees. with one Trustee the Chair.
Now that funds have been received a Finan￿. Investrnenl and Propety Committee will be fomied in the following
year. This committee will also develop a Reserves Policy.

THE SHANDFORD TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
The trustees. report was approved by Ihe Board of Trustees.
Signed on 1
1101
17-.30
Mr Christopher Davis IChairm8nl
Trustèè
Dale..

THE SHANDFORD TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE PERIOD ENDED 31 DECEMBER 2021
Thè truste8s ar8 rèsponsible for preparing the Trusteès. Repc*l arKI the ffinanual statements in accordanc8 with
applicable law and United ￿ngdoM Accounting Standards {United lQngdom Generally Accepted Accounting
Practicel.
The law applicable to charities in England and Wales requires the truslees to prepare financial statements for each
financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resour￿8 and
applicalion of resources of the charity for that Period.
In preparing these finanaal statements, the trustees are required to..
select suitable accounting poliues and Ihen apply them consislenlly..
- observe the methods and prinaples in the Charities SORP..
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements- and
prepare the financial ststements on the going concem basis unless tt is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient 8c(x)unting recor(15 that disclose with reasonable ac¢ur8¢y at any
lime the financial p05ib.on of the Gharty enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity IA¢¢ounts and Reports) Regulab"on$ 2008 and the provisions of the ttusl deed. They
are also responsible for safeguarding the assets of the ¢harity and hence for tsking reasonaL>le steps for the
prevention and detection of fraud and other irregularibes.

THE SHANDFORD TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SHANDFORD TRUST
I report to tha trustees on my examination of the finanual statements of Thè Shandford Trust {the tharityl for thè
Period ended 31 De￿mber 2021.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the p￿parat￿)n of the finanual ststements in accordance with
the requirements of the Charities Art 2011 (the 2011 Actl-
I report in respect of my examinath.on of the charity's financial statemen15 carried out under section 145 of the 2011
Act. In carrwng out my examination I have followed all the appli(zble Direction5 gtven by the Charty Commission
under section 14515llbl of the 2011 Act.
Independent examinerfs statement
Since the charity's gross income eX￿ede¢j £250.(￿0 your examiner wnusl be a member of a body listed in section
145 of the 2011 Act. I confirm that l awn qualtfied to underlake the examination because l am a member of FCCA,
which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 in Preferen￿ lo the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been
withdrawn.
l understsnd that this ha5 been done in order for financial stslements lo provide a tnje and fair view in accordance
with Generally Accepted Accounting Practice effective for rep(yting periods beginning on or after 1 January 2015.
I have completed my examinabon. I confirni that no matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records- or
the financial statements do not comply wilh the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no Con￿MS and have come across no other matters in connection with the examination to which attention
should be drawn in this rerK)rt in order to enable a proper understanding of the finanoal statements to be rea¢hed.
Couniersoned on 1&1101
@ 08.01
Ir R Wegner FCCA
Lentells Limited
17- 18LeachRoad
Chard Business Park
Chard
Somerset
TA20 1 FA
Dated..

THE SHANDFORD TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2021
Unrèstrlct8d
funds
2021
Notes
Income from:
Donations and legacies
729,000
Ex
nditur• on:
Charitable activities
696
Net income for the Periodl
Net movement in funds
728,304
Fund balances at 28 October 2020
Fund balan¢o$ at 31 0a¢¢mb¢r 2021
728,304
The ststsmenl of finan¢ial activities in¢ludes all gains and losses recognised in the Peri(hJ.
All income and expendtture derive from continuing activities.

THE SHANDFORD TRUST
BALANCE SHEET
ASAT31 DECEMBER 2021
2021
Notes
Current assets
Cash at bank and in hand
729,904
Creditors.. amounts falling due within one year
11,60DI
Net current assets
728,304
In¢¢me fvnds
Unrestricted funds
728,304
728,304
The financial siatements were approved by the Trustees on .........................
Signed on I
17-.30
Mr Christopher Davis (Chairman)
Trustee

THE SHANDFORD TRUST
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2021
2021
Notes
Cash flows from op•ratlng actlvltl•s
Cash generated fromllabsorbed by) operations
11
728,904
Net ¢ash used in investing a¢tivities
Financing activities
Repayment of borrowings
1,000
Net cash generated fromllused inl financing activities
1,000
Nat Increase In cash and cash equlvalents
729,904
C8sh 8nd cash equiv81ents at beginning of Period
Cash and cash equivalents at end of Period
729,904

THE SHANDFORD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
Accountlng pollelès
Charity infomiation
The Shandford Trust is a Charitab￿ incorpovatéd organisation which was règistèred with thè charity
commission on 28 October 2020 (charity number 11920481. The principal contact address is shown on the
legal and administrab've infom)ation page of these ffinanoal ststements.
1.1 Reporting period
These are the charity's first finanoal statements which have been p￿pared for the period from registration as
a charity on 28 O¢tober 2020 to 31 December 2021 to align with the ¢alendar year. There are no ¢omparative
amounts to present.
1.2 Accounting convention
The financial statements have been prepared in accordance with the charity's tgoverning documentl, the
Charities Act 2C>11, FRS 102 "The Finan￿al Reporting Siandard applicable in the UK and Republic of Ireland"
I'FRS 102.1 and the Charities SORP "Accounting and Rewrbng by Charilies.. Statement of Recommended
Practice applicable to charities preparing their accounis in accordance with the Financial Repo￿n9 Standard
applicable in the UK and Republic of Ireland IFRS 102)" leffeclive 1 January 20191. The tharity is a Public
Benefit Entity as defined by FRS 102.
The finanoal stslemenls have departe(l from the Charities (Accounts and Rep)rtsl Regulations 2008 only to
the exlenl reqUI￿d lo provide a true and fair view. This departure has involved following the Ststemenl of
Recommended Pra¢ti¢e for ¢harities applying FRS 102 rather than the version of the Stslemenl of
Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn.
The financial ststements are prepared in sterfing. which is the functional cuThency of the charity. Monetsry
amounts in these financial stslemenls are rounded lo the nearest £.
The financial statements have been prepared under the hislorical cost convention. Imodified to include the
revaluation of freehold properties and to indude inveslment properties and ￿rtain financial instruments at fair
valuel. The principal accounting policies adopted are set out below.
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the goir)g con￿rn basis of accour)ling ir) preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the dis(xetion of the trustees in fvrtherance of their Charitsble
objectives.
Restricted funds are subject to speafic conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific coThlitions by donors that Ihe capital must be maintained by the
charity.
1.5 Income
Income is ￿cOgnised when the tharity is legally enb.ued to it after any perfomiance conditions have been met,
the amounts can be measured reliably. and it is probable thal income will be received.
Cash donations are re¢ognised on r￿lpL Other donations a￿ rec￿niSed once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donatsons received under Gift or deeds of covenant is recognised at the time of the donation.
10-

THE SHANDFORD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if ihe charity has been notified of an impending distribLJtion,
the amount is known, and receipt is expecled. If the amount is not known. the legacy is treated as a
contingent asset.
1.6 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligab.on to transfer economic benefit to a
third party. il is probable that a transfer of economic benefits will be required in Settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The w5ts of each aclivity are made up of the lolal of direct costs and
shared costs. including support costs involved in undertaking each adivity. Direct costs attributsble to a single
activity are allocated dire¢dy to that activity- Shared costs which contribute to rnore than one activity and
support costs which are not attributable to a single a¢tivity a￿ apportioned between those activities on a basis
Consistent with the use of iesour¢es. Central staff Costs are allocated on the basis of time spent, and
dep￿CiatIon Charges are allocated on the rK)rtion of the asset's use.
1.7 Cash and cash equlvalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowngs in current liabilities.
Basic financial assats
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constilules a finanung Iransaclion. where the transaction is
measured al the present value of the future re￿iptS discounted al a market rale of interest. Financial assets
classified as receivable wthin one year are not amortised.
Basic financial liabilitios
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constrtutes a financing transaction. where the debt instrument is measured al the present
value of the future payrnents discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are 5ubsequenUy carried at amortised cost. using the effective interest rale method.
Trade creditors a￿ obligations to pay for goods or seNces that have been 8¢quired in the ordinary course of
operations from suppliers. Amounts payable a￿ ¢lassffie¢J as Cur￿n1 liabilities rf payment is due within one
ye8r or less. If not, they a￿ p￿sented as non-current liabilities. Trade ¢￿ditorS are re¢ognised initially al
Iransa¢tion price and subsequenuy measured at amortised Cost using the effe¢live interest method.
Derecognition of financial liabilities
Finan¢ial liabilities are dere¢ognised when the tharity's contraciual obligations expire or are discharged or
¢an¢elled.
1.8 Employee benefits
Thé cost of any unused holiday entitlement is re¢tyJnised in the ￿riod in whi¢h the employee's services are
received.
Temiination benefits a￿ recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide temination benefits.
11

THE SHANDFORD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Crltleal aecountlng ostlmatos and Judg•m•nts
In the application of the charty's accounting policies. the trustees are required to rllake judgements, eslimales
and assumptions about the Garrying amount of assets and liabilrties that are not readily apparent from other
sources. The estimates and ¥ssoGialed assumptions are based on historic81 experience 8nd other f8¢tors that
are considered to be relevant_ Actual ￿$￿11$ may drffer from these esbmates_
The eskn'mates and undedwng assumptions are reviewed on an ongoing basi5. Revisions lo accounting
estimates are recognised in the period in whith the e5b.mate is remsed where the revision affects only that
period. or in the period of the revision and luture ￿riodS where the revision afftrcls both current and future
periods.
Donations and legacies
Unrestricted
funds
2021
Donations and gifts
729,000
Donations and gifts
The Abbeyfield Society
729,000
729,000
Under a legal agreement dated 13 December 2021 The Abbeyfield Society (a charitable company limited by
guarantee, company number 574816 and charity number 2007191 transferred a cash asset to The Shandford
Trust amounling to £729,000. The funds are to be used for the provision of residential care or housing for the
elderfy and financial assistance towards the costs of care for the elderty who are of limited means upon terms
appropriate to their means in Budleigh Safterton. East Budleigh, Otterton, Colaton Raleigh and Bicton.
Charltsbl¢ a¢tlvltl¢s
Elderly care
2021
Share of support Costs Isee note 5)
696
12-

THE SHANDFORD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Support costs
Support Governance
costs
costs
2021
Bank charges
Accountancy
96
600
96
600
696
696
Analysed be￿een
Charitable activities
696
696
Governance costs indudes payments to the independent examiners of £6001- £0) for accountancy fees for
ServI￿S rendered to prepare and examine the financial stalements.
Trustees
None of the trustees lor any persons Connected with theml r￿1Ved any ￿MUneration or benefits from the
Charity during the Period.
Employees
The average monthly number of employees during the Period was..
2021
Number
Totsl
There were no employees whose annual remuneration Was more than £60.000.
Loans and overdrafts
2021
Other loans
1,000
Payable within one year
1,000
A fomier trustee (Mr K R Ward) loaned £1,000 to the charity on 2 December 2020. The loan is interest free
and repayable on demand.
13-

THE SHANDFORD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
Cr•dltors: amounts falllng duè wlthln onè year
2021
Borrowings
Accruals and deferred income
1,000
600
1,600
10 Related party transactlons
The￿ were no dis¢los8ble related p8ty transactions during the Period (- none).
11 Cash generated from operations
2021
Surplus for the Period
728,304
Movements in working capital=
Incre8se in Creditors
600
Cash generated fromllabsorbed by) operations
728,904
12 Analy$l$ of ¢hang¢$ In net fvndsl{d¢bt)
At 28 October
2020
Cash flows At 31 Dtcèmber
2021
Cash al b8nk and in h8nd
729,904
729,904
Loans falling due within one year
11,0001
11,0001
728,904
728,904
14-