**Charity Reference Number: 1194303**
## **The SF Charitable Trust**
**Report and financial statements for the year ended 5 April 2025**
## **The SF Charitable Trust**
## **Contents**
|Reference and administrative details
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the accounts|**Page**|
|---|---|
||1
2-3
4
5
6
7-9|
## **The SF Charitable Trust**
## **Reference and administrative details**
|Charity Name:|The SF Charitable Trust|The SF Charitable Trust|
|---|---|---|
||(CIO - Foundation registered 30 April 2021)||
|Charity Registration No:|1194303||
|Principal Office:|1A Willow Bank||
||Moss Lane||
||Timperley||
||WA15 6LG||
|Trustees:|Michael Shelmerdine||
||Susan Shelmerdine||
||Linda Shelmerdine||
||Charlotte Keating|(appointed 4 January 2025)|
|Bankers:|Virgin Money||
||48-50 Market Street||
||Manchester||
||M1 1PW||
|Independent Examiner:|H&A Consultancy Services Ltd||
||Ground Floor Front||
||185 Audley Range||
||Blackburn||
||Lancashire||
||BB1 1TH||
1
**Trustee's Annual Report for the year ended 5 April 2025**
## **The SF Charitable Trust**
## **Structure, governance and management**
## **Governing Document**
The SF Charitable Trust is a Charitable Incorporated Organisation governed by a Constitution dated 30 April 2021 and registered as a Charity.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1194303.
The Trustees manage the affairs of the CIO. As per the Charity's constitution, there must be a minimum of three (3) charity Trustees and maximum of twelve (12) Trustees. Apart from the first charity Trustees, every Trustee is appointed for a three year term by a resolution passed at the charity meetings.
## **Objectives and Activities**
The objects of the charity are set out in the charity’s governing document:
The prevention or relief of poverty, financial hardship or ill health in particular but not exclusively by the provision of grants to individuals in need and/or charities or other organisations working to prevent or relieve poverty, financial hardship or ill health.
## **Achievements and Performance**
Total income received this reporting period were £50,598 (2024: £1,434). The Trustees are in the process of deciding where and to whom the donations are to be granted.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **Financial review**
## **The charity's financial position at the end of the year ended 5 April 2025**
The financial position of the charity at 5 April 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Unrestricted Revenue Funds
Restricted Revenue Funds
**Total Funds**|**2025**
**£**
82,231
-
**82,231**|**2024**
**£**
32,653
-
**32,653**|
|---|---|---|
## **Financial review of the position at the reporting date 5 April 2025**
The trustees consider the financial performance by the charity during the year to have been satisfactory.
2
**Trustee's Annual Report for the year ended 5 April 2025**
## **The SF Charitable Trust**
## **Reserves policy**
The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which will allow them to respond quickly to the needs of the Charity.
## **Statement of Trustees’ responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law);
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements were approved by the board of trustees and signed on their behalf by:
Michael Shelmerdine Trustee
8 May 2025
3
## **The SF Charitable Trust**
## **Independent Examiners Report**
## _**to the Trustees of The SF Charitable Trust**_
I report on the accounts of the charity for the year ended 5 April 2025.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
• the accounts did not comply with 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
I Mulla (AFA MIPA) for and behalf of H&A Consultancy Services Ltd Ground Floor Front 185 Audley Range Blackburn Lancashire BB1 1TH
8 May 2025
4
## **The SF Charitable Trust**
## **Statement of Financial Activities (Including Income & Expenditure Account) for the year ended 5 April 2025**
**----- Start of picture text -----**
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Incoming resources from generated funds
Donations received 40,000 - 40,000 -
Gift aid 10,015 10,015 -
Interest received 583 - 583 1,434
-
Total Incoming resources 50,598 50,598 1,434
Resources expended
Charitable activities 3 1,020 - 1,020 240
Total resources expended 1,020 - 1,020 240
Net income/(loss) for the year 49,578 - 49,578 1,194
Transfer between funds 5 - - - -
Movement in funds 49,578 - 49,578 1,194
Reconciliation of funds
Total funds brought forward at -
32,653 32,653 31,459
6 April 2024
Total funds carried forward at
-
82,231 82,231 32,653
5 April 2025
**----- End of picture text -----**
There are no gains or losses other than those recognised in the Statement of Financial Activities
All incoming resources and resources expended are derived from continuing activities
The notes attached on pages 7 to 9 form part of these financial statements.
5
## **The SF Charitable Trust**
## **Balance Sheet as at 5 April 2025**
**----- Start of picture text -----**
Note Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Current Assets
Debtors 6 10,015 10,015 -
Cash at bank and in hand 72,456 - 72,456 32,893
-
82,471 82,471 32,893
Creditors
Amounts falling due within one year 7 (240) - (240) (240)
Net Assets 82,231 - 82,231 32,653
Funds
Restricted funds - - - -
Unrestricted funds 8 82,231 - 82,231 32,653
-
82,231 82,231 32,653
**----- End of picture text -----**
The financial statements were approved by the board of trustees and signed on their behalf by:
Michael Shelmerdine Trustee 8 May 2025
6
**The SF Charitable Trust**
**Notes to the financial statements for the year ended 5 April 2025**
## **1 Principles of accounting policies**
## **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **2 Accounting policies**
## **Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
## **Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **Income from interest, royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
7
**The SF Charitable Trust**
**Notes to the financial statements for the year ended 5 April 2025**
## **Tangible fixed assets**
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery 20% reducing balance Fixtures and fittings 20% reducing balance
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Creditors**
Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.
## **Taxation**
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
|**3**
**Charitable activities**
Professional fees
Governance costs
**Total**
**4**
**Governance**
Independent examiner fees|**Unrestricted**
**Funds £**
780
240
1,020
**Unrestricted**
**Funds £**
240
240|**Restricted**
**Funds £**
-
-
-
**Restricted**
**Funds £**
-
-||**2025**
**Total £**
780
240
1,020
**2025**
**Total £**
240
240||**2024**
**Total £**|
|---|---|---|---|---|---|---|
|||||||-
240
240
**2024**
**Total £**|
|||||||240
240|
## **5 Transfer between funds**
There were no transfer of funds during the period.
|**6**
**Debtors**
Gift aid|**2025**
**£**
10,015
10,015|**2024**
**£**
-
-|
|---|---|---|
8
## **The SF Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
|**7**
**Creditors: amounts falling due within one year**
Accruals
**8**
**Unrestricted funds**
The unrestricted fund comprises of:
Unallocated funds|**2025**
**£**
240
240
**2025**
**£**
82,231
82,231|**2024**
**£**
240
240
**2024**
**£**
32,653
32,653|**2024**|
|---|---|---|---|
||||**£**
240
240
**2024**|
## **9 Trustees' Remuneration**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
No trustee expenses have been incurred
There have been no related party transactions in the reporting period
9