Charfty numb•r: 1198399
SHIFT-ED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
WELLDEN
TURNBULL
An Indopendert firm of Chartered
Accountants, Chartered Tax Advisers
and Statutory Auditors

SHIFf-ED
CONTENTS
Pag8
Rof•r•nc• and adminl$tratlve detslls of the charfty, Its trust•es and advisers
Trusttss. report
Ind•p•ndent •nmlnorf• rnport
Stat•mont of flnandal actlvltl•s
10
Balanc• sho01
11
Noto• to the flnanclal 8tat•monts
12-18

SHIFT-ED
REFERENCE AND ADMINISTRATNe DETAILS OF THE CHARI￿, rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trust•
Mr Z Ho8ban, Trustee
Mr M O Coombes, Truste8
Mr5 M R Sutton-Matto¢k$. Trusteo
Mr l E Ta￿Or, Trustee
Dr A C Fi8h. Trustee
Charity reglstor
numb•r
1198399
Prlnclpal offlc•
127 Highbury Hlll
London
NS ITA
A¢¢ountants
Welld8n Tumbull Llmlled
Albany House
Claremont Lane
Esher
Surrey
KT10 gFQ
B¥nk•r8
Tha cov0p8rn￿Y& Bank plc
Pagg 1

sH1￿-E0
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together ￿th the financial stalemenls for the year 1 September 2023 10
31 August 2024.
This report highlights our achievements in that financlal year and our outlook for 2025.
08JECTIVES AND ACTMTIES
POLICIES AND 08JECTIVES
In setting obJeclNes and ￿annIng for activities, the Trustees have given due consKleration to general guidance
publishad by the Charity Cornmission relallng lo public benefit. The Trustees have, for example, reviewed Ihg
charivs needs for reserves in line wlh the guidance issued by the Charity Commission and mainlair) Sufficient
unreslrlcled funds in order that the charity can run effl¢ienlly and continue lo meet Its aims. As the ¢harlly had no
employees or paid volunteers during the year ended 31 August 2024, the charge for our premises was low and
the Trustees had agreed not lo claim any day lo day expenses in connection with their aclivilies, the overhewjs
required lo run the charity during this period were very low. The fundraising and reserves policy during this perN)d
was therefore focused on securing funding and longer term premises from which lo deliver projects.
WHAT WE ARE HERE TO DO
It Is worth repealing SHIFT-ED'S charitable obleclg as Ihls is what guldes us as Tnjstees:
The CIO has be&n established for the publi¢ b8n8fft, to advance the eduGatlon of children and young people
under the age of 25 in London and throughout th8 UK. by organising and assisling in the proviS￿n of facillti8s for
Oi8Ct b8s8d learnlng with a focus on the Arts, Hum8nltles and S¢lences.
Our lon*lerm ambltlon is lo tranSf￿M the provision of design education
and with il the imaginations, the
realive skills, the problem Solving, the p8r$onal growth, community dev81opm8nl and career prospects of
thousands of children and young people who wlll lake part In our croalive programmes.
With a focus on real-wodd learning, we are dedicateé lo providing ¢hildrenlyoung people with access lo high-
quality des@nlmaking proj8cI8. We partner wllh schools in areas of high social deprivation lo provide.. a}
education81 programmes IDe85gn & 8uild, Product De$ign and Event & Production) for children aged 8-11,
delivered during $chool hourg bul free al the polnl of delivery lo participating schwls and bl after-school
programme$, for children aged 10-14. Dellvering our projects from our b8spoke Makerspace in Camden Iwilh
over 500/0 FSM elSglbililyl aligns ¥￿th our misslon of offering free access lo those who need11 most.
As we expand. we aim lo offer Real-wodd Pathways Programmes for yOLJng people aged 14-18.. a 10-18 week
project 120-30 hours) based on creative se¢lors, Involving industry partnerships and mentoring opportunlties,
providing insights into creatlve industry pathways and next steps. We also asplre lo offer spe¢iallsl programmes
tsilored lo spec￿lC communilles, such as children with special educational needs and disabilities ISENDI, and
¢hildren at risk.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF PROGRESS AND ACHIEVEMENTS
The CIO was Incorporated and established by the founders Nlck Turner and Zek Hoeben in 2022. Whlle actlvity
in the first accounting porio¢J of the CIO has been minimal, slnce 31 August 2023 we have:
in March 2024. found premises on the third Iloor of 8-12 Camden High Street on a lowlno rent basis for the
purposes of a meanwhile Makerspace;
equipped and fitted out that Makerspace in time to deliver our school programmes from It during the Summer
Term 2024. We were fortunate lo receive donations of off￿e furnilurelsupplies from corporate sponsors..
otherwise our founders and one of our new Trustees designed and hand-built work benches and shelves lo
create 8 bespoke Makerspace.,
txjilt and maintained excellent partnerships with 3 local primary schools in Camden- Richard Cobden, Netley
and Primrose Hill for the provision of design and build projects. These schools m881 our FSM eligibility criteria
and are mostly wthln 25 minutes vralkiThJ distance of our Makerspace. although not exclusively.
Page 2

SHIFT&D
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
Al the end of the Summer Term a113 schools re¢onfirmed their commitment to our provision for the future.
Additionally to s￿nIng up for further provision for Ihelr years 5 and 6 in the 2024125 academic year. the schools
provided testimony from their pupils 8nd teachers who universally said how much positive impact the projects
have had on the children's learning, skills development, engag8menl and motivation.,
delivered. during the Summer Term 2024, design and making projects to over 140 children from 6 cla$$e8 at
our partner schods. The pro￿lS lypica51y lasted 10-12 weeks for each class. following a weekly timetable of
100-120 minutes per se¥sion. The projects were universally praised by children and sch¢)ols',
estsblished g)od working relationships wth other Gharilies and gK)vernmenVlocal authority agencles wllhln
Camden so as lo promote the services whlch can be offered to their children and young people. Camden has
been very receptive lo the work we are dolng. and the presence of many creative businesses in the area offers
great polenllal for collaboratlon,.
• dev8loped o website. and an onllne dlgilal pr8senc8. Including through the use of Linkedln and IrK8lagram,' both
Siles are used lo regularly update our community. includlng the 200 plus followers on Llnkadin,on our children's
progress.,
• raised approxlmalely £45,000 In fundlng from a number of sources, obtsined supportlng pledges to provldfr
future funding for projects, enlisted the help of an external fundraiser on a 5hort-lerm basis and further refSned
our fundraising guidellnes and management pro¢edure5 Internally. One of our cofoundeTS-Nlck Turner- raSsed
over £2,000 from a charity bicycle rlde..
expanded our group of hlghly qu8lWled and molivaled volunteers such that we now have 7 volunteers
committed to the next academic year {20241251. They generously offer their lime lo support specific projects,
alignitYJ with classe$ and groups of ¢hSldren. Our volunteers are DBS Ghecked and alway5 work und
supervision when around chlldren.,
increased our Trustee body lo Include In 2023 one of our cofounderg Izek Hoebenl and In 2024. Adrlan Flsh
{who has experience in Garpenlry, design and IT). We have a150 begun planning for an advlsory board and
8mbass8dor nefv4ork,'
oblaln8d pro bono legal advlce through the charlty Lawworks Ilncludlng the support of an honorary
o)unsell,'and
• added new policles. reviewed and updaled exisllng ones, embedded new systems (e.g. an income Irackerl,
reflned fundralsing protocol8 and delegated financelfundralsing functions to committees, in Ilno wllh our
Conslitullon.
FUNDRAISING ACTIVITIES AND INCOME GENERATION
During 2023124. we engaged wllh outside third parties lon a trial basis) lo help with our fundralsing strategy so
we could undertake our lulure plans for projects. The Trustees had already identified potential sources of funding
and classrfled them, broadly, as high n8t worth individuals, corporates, Iruslsl foundations and government
agencies, lo determine how best 10 51ruGture our 8ffort5. Vve undertook a series of meetings wlh their principals
and a number of these were successful.
We received donations from 3 indlviduals and charitable trusts. T￿se were Initlally In th8 fom) of pledges,
unlll the time that services could be delivered lo children. The individu81s gave a tol81 of £13K, and the trusts
gave a total of £11k. All of this was unre5tri¢led funding, bul the donors stressed that11 should be largely spent
on the delivery of projects lo chlldren.
We also raised invoices to Hanover Primary School in Islinglon for a lolal of jLtsI over £20k. Much of this
related to the cost of materials needed for the piojecl, which wa$ a roof-garden deliVe￿d in the forni of
community bulld. This project followed on from a shtftED pilot project Nick Turner delivered at the schocl in the
summer temi of 2023.
Consistent with our reserves policy, we monitor whether reserves may be necessary (and, if $0, the target level
or amount) and will review our policy in May 2025.
Page 3

SHIFf-ED
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS
We are continuing to actively seek funding from a range of sources for the 2024125 academic year Including
from corporates, high-nel-worth indivlduals. trus15 and foundations, as well as local and national government
grants. We have been especially focused on prospectiv& sponsors of individual projects e.g. Mighty Motors,
design arml making prolect for a class of 30 pupils (aged 9-111 which offers a fun and engaging way to leam
about basic mechanics, Glrcuils and forces through the child￿n designing and making a motoriseo loy Gar to win
a race. We have also secured some fvnds through coMmun￿Y fundraising events and conlribubons from high-
nel-worth individuals to sUPPOrt our programmes through to January 2025. We remain proactive In our
fundraising efforts. understanding that not all applications may succeed.
Our priority when fundralsing for the next academlc year- 202412025- Is to establish a secure ne￿rk of primary
schools (especially those that meet our FSM Grilerlal and lo develop our after-school offerings for children aged
10-14. During the Autumn Term 2024 we have adopted a new model of six-week programmes consi51ing of
three-hour sesgions. We plan lo ¢onlinue with Ihls model Into 2025 as il has been highly 5ucce85ful in the first
haLf term.we aim to deliver al least 15 proleds in the 2024125 academic year, representing 60Vo of our
programme goals. Thls largel Is ambillous given our current finance$ and the demands of charlty admlnlslrallon.
facilty management and programme delivery.
Securing longer-term premlses fTOrn which lo deliver prolecls in 2025 remains a priority. We have been proaclivo
In Idenirfwng suitable venues, recogn55ing that a move may n6cessilate a temporary pause in some operations
(unless it occurs durlng the school vacations.) However, we believe that existing partner schoo15 would remabn
commilled to our programmes, ensuring continued participation and impact, even if il required travel.
Additionally, we have already Identified schools close lo prospectiv8 new locations and will market our services
to them once we have made further progress in securing a long-lerm venue. We also alm to pilot our after-
3chool programme lo build a cohort of ¢hlldren interested in learning outside school hours. Onc8 we have
8ecured long-term premlses, we plan lo approach existing high-net-worth individual IHNWII funders who have
previously pledged support contlngent on a slable location.
PRINCIPAL RISKS AND UNCERTAINTIES
The maln rlsks broadly fall Into three categories.. R•putatlonal, Financlal and Physlcal risk$.
R•putatlonal rlskg: These relate lo the good governance of the CIO and of ils activllles. Durlng the year th8
Trustees held meetSngs {al least 51 to miligale these risks and additional meetlngs were held by the
fundraislnglfinance committees. Aso, the considerable expertise and experience of our co-founders as servlce
providers, the prlor professional experience of our Trustees and the use, during 2024, of specialist lawyers lon a
pro bono basis),aGcountanls and a fundraiser lo support our Trustees. aids the mili9alion of these risks. We
have also formed a fundraising committee to streamline discussion5 wlh prospective funders and lo make the
process more efficient.
As regards our aclSvilies we alm to measure success using the followng key perfomiance indicators (KPlsl'.
Co$t-Effecliven8ss- ensuring that the cost per chikl provides good value compared lo market rates..
Demogr8phics.' tracking the number of schools we work with that have economically disadvantsged puplls
(FSM data) and those wlh high learning needs linduding SENDI.,
School Engagement: monitoring the number of schools attending and thelr rebooklng rates lo
demonslrale demand for our seNices",
Qualilallve Feedback.. collecting feedback from childrenlyoung people on their attitude and motivation for
learning, creallve thinking and problem-solving skills and interest in pursuing creative sector pathways., and
Long-Term Impact.. in the future, tracking alumni progress into post-14 and 16 qualificalions. work
experi8nces, or careers in the creative industries, building a ne￿rk of alumni.
Page 4

SHIFT*D
TRUSTEES. REPORT {contInu￿}
FOR THE YEAR ENDED 31 AUGUST 2024
Financlal Rl8ks: Prlm8rlly these are around Ihe good and safe manag8menl of the CIO'S furnls. The use of 8
transparent accounllng system has aided this process.
QuickBooks'. All money in and out of shfftED is logged In QuickBcM)ks, along with all paperwork. This
means that al any point, QuickBooks can be examined and all invoices. receipts and payments can be viewed in
full. Each of these18 allocated a category, and If necessary a sub category, so that a full picture of costs can be
seen and understood. The bank account is regularly reconciled in QuickBooks, and invoices from shiflED (for
example project malerlal coslg to schools) are gen&rated wlhin QuiGkBooks. All paperwork is logged before any
payTnenls are made.
The prlnclpal areas of Income are restricted anEI unrestricted donations lo enable shlftED lo njn ils deslgn
and maklng projects for children free al the point of delivery to schools {allhough our school agreements do allow
us to invoice for any consumable material cos15 that are incurred in projects.) We have a simple invoSclng
systeni wlth schools whereby we charge for the project costs at the end of the project, but Issue a creéil note for
each ses51on the schools allend, thereby incentivisin9 them lo allend all sessions and lo commll to the project in
full. Feedback from headleachers has been that Ihis is a falr and reasonable request. So far, we have not had to
Invoice schools for any project costs as they have commilled lo all sessions.
Physlcal rlskg: This centres around the safeguarding of ¢hlldren and young people through approprlate
supervision by qUaI￿led/hlghIY trained and DBS checked edv¢alional professionals. Our co-founders, Trustees
and volunteers affj required lo be DBS checked {Enhancedl and we have detailed child protectlon, supervision,
safeguarding and volunteer management poli¢les which are Subject to annual review.
At$0 there Is the maintenance, security and upkeep of the CIO'5 premises, especially durfng project actlvllles. As
lo the premSses, we have. for 2024, taken out Insurance cover for our Camden Makerspace and prepared and
followed delai18d rlsk assessment, management and HSE policieslprocedures. We have separate risk
assessments for workshop tools, model-making and adhesiveslpaint. Vve remain focused on securing the long-
term rent81 of premlses for our Makerspace.
GOING CONCERN
The Trusleè8 take the view that Ihe level of cash held is acceptable {given Ihe current 8conomlc cllmale In which
the charity is operalingl. The Trustees have a reasonable expectation that there are adequate resources lo
continue in operational existence for the foreseeable future. We believe that there are no material uncertainlles
or liabilities that call into doubt th8 charity s ability lo continue and the account$ have therefore bean prepared on
the basis that the ¢harily is a going conGern.
STRUCTURE, GOVERNANCE AND MANAGEMeNT
CONSTITUTION
Con8tltutlona5 8tructurn
SHIFT-ED. was registered as a charity on 28 March 2022, Charity No 1198399 and Is Incorporated as
Charitable Incorporalgd Organisation {ClO).
Charitable Object8 and Public 8•ndlt
The Trustees confirm that they have complied wlh the duly in Section 4141 of the Charities Act 2011 by referring
lo the Charity Commission's g8n8ral guIdar￿e on public benefit when reviewlng lh8 aSms and objectives of the
Charity and in planning its future activitie5.
The objects of the CIO ar9 for Ihp public b8nefft, lo 8dv8nce the education of children and young people under
the age of 25 in London and throughout the UK, by organising and 8s$lsling in the provision of facilities for
oiec¢ bas&d leaming with a focus on the Arts, Humanities and sc￿n￿$.
Board of Trustees
Our Trustees have ultimate re5ponsibilily for directing and managing our charity. ensuring that it is solvent, well-
run. and delivering the Charitable outcomes for the benefit of the children for which it has been sel up.
Page 5

SHIFT-ED
TRUSTEES. REPORT {continu•d
FOR THE YEAR ENDED 31 AUGUST 2024
Slat•m•nt of TrusteO8' mponslbllltles
Trustees perfomi their duties, and make decisions. in accordance wllh the le￿S of our constitution whlch also
provides for functions to be delegated to a commlttee le.g. for fundrai5ingl provided that at least one member of
the committee is a Trustee and no expenditure is Incurred which 1$ not in accordance wth an approved budget.
Initially Trustees were allocated tasks rather than roles but as the CIO became more established during 2023
certain of the Trustees were nomlnaled for more discrete roles such as fundraising, data prole¢tlon and
complaints (as documented in the CIO'S poliae51.
ORGANISATION
The Trustees who have served during the year and slnc6 the year end are sel out on the CIO'S legal and
adminislralive informatlon page. Truste0$ are appointed by the board of Iruslees and are appointed {for a period
of 3 years) in accordance with Charity guldelin85. New Iruslees, rf required. would be recruited on a 'skllls
required, basis and woulé be inducted and trained by attendlng Trustee méètlngs. The TnJstee8 meet regularty
and, in any event, al least 4 limas a year. As long as there are not less than 8 quorum of trustee8, decislons at
meetings can be made by a majority of the Trustees and any action or de¢i$lon of that majority becomes valld
and effectlve.
KEY VOLUNTEERS
SHIFT-ED encourages appropriately qualffied and suitable volunteers to help wlth the day-104ay operation and
support of our co-founders and Trustees. Volunteers must adhere lo a code of conduct las delalled in our
policies on volunteer managemenll, @specially as regards the supeNision of children. The Tru$lees greatly
appreclale the lime, conlrlbullon, and effort of volunteers In sacurlng the development and aspiratlons of our
children and young people.
Page 6

SHIFT*D
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES, RESPONS181LITIES STATEMENT
Thè Trustees are responsiblo for preparing the Tnjslees, report and the financlal statements in accordance with
applicable 18w and United Kingdom Accounting Stsndards (United Klngdom Generally Accepted Accountrng
Praclicèl.
The law 8pplicable to charldes England & Wale8 r8quir8s the Trustees to pr8pare financial statements for
each financial year whlch give a tru8 and falr view of the stste of affair5 of the charity and of the Incoming
resources and application of resources of the charity for that period. In preparing the$e financial statements, the
Trustees 8re requirod lo..
select suitable accountlng pollclgs and then apply them ￿nsIstentIy',
obgerve the methods and principles in the Charities SORP:
make judgments and accounting estimates that are reasonable and pNdent',
slate whether applicable UK Accountin9 Standards have been followed, subject to any rnalèrial
departures disclosed and explained in th8 financial sialemenls;
prepare the financial statements on the going concern basis unl888 11 Ss inappropriate to pr8sume that
the charity will continue in operatlon.
The Trusl8es are rggpon81ble for keeping proper 8ccounting r8cord8 that are sufficl8nl to sh¢)w and explain Ihg
charills Irans8Ctions and disclose wllh reasonable ac£ur8cy al any Ilm8 th& financial positlon of the chorily 8nd
enable them lo ensure Ih8t the ftnancial 51alements compfy with the Charitios Act 2011, the Charity (Accounts
and Reports) RegulalDns 2008 and the provlslon8 of Ihe Conslitulion. They aré 8180 responsib￿ for
$8feguarLllng the assets of the charlty and hance for taklng r88son8ble steps for the preventton and delectlon of
fraud and other irregularfties.
This report was approved by th8 Trustees, on
and slgnod on thelr b8haW by..
Mr Z Hoeben, Trustee
Chalr of tho Trust••s
Page 7

SHIFT-ED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIFf-ED1tho'charity')
I report to the charity Trustees on my examination of the account$ of the charlty for the year eNled 31 August
2024.
This report is made solely to the charivs Trustees, as a body, In accordance with Part 4 of the Charitles
(Accounts and Reports) Regulallons 2008. My work has been undertaken so that I might sL7te to the charitys
Trustees those matters l am requlred lo slal8 lo them in an independent examinerfs report and for no other
purpose. To the fullest exlenl pernillled by law, I do not accept or assume responsibility to anyone other than the
charity and the charltys Trustees as a body, for my work or for thi5 report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charlty you are ￿sponSible for the preparation of the accounts in accordan¢e wlth the
requirements of the Charlties Act 2011 I'lhe 2011 Act'l.
I report in respect of my examlnation of the charitys 8ccoun15 carrled out under section 145 of the 2011 Act and
In carrying out my examSnalion I have followed all the applicable DifectvJns given by the Charity Commission
under s8clion 14515llbl of tha 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attenllon 1$ drawn to the fact that the charlty has prepared Ihe accounts in accordance with Accounting and
Reporting by Chartties.. Statement of Recommended Practice applicable to Gharilies preparing their accounts
accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} In
preference lo the Ac¢ounllng and Reportiry by Charitles.. Slatem&nl of Recomm8nded Practlce Issued on 1 Aprll
21)J5 whlch is referred lo in the exlanl regulations but has been withdrawn.
l understand that this has been done In order for the accounts lo provide a twe and fair view in a¢¢ordance wllh
the Generally Accepted Accountlng Pradl¢e effective for reportlng periods beginning on or after 1 January 2015.
I hav8 Completed my 8xaminatlon. I can ¢onflrni that no mallers have come to my attention In connection with
the examln*lon glving me cause lo belleve that In any material respect-,
accounllng records were not kept Sn respect of the charity as required by section 130 of the 2011 Act- or
th& accounts do not accord wlh tho$e records," or
the accoun15 do not comply the applicable requiremenls concerning the form and content of
accounts sel out In the CharilEs {Accounts and Reports) R8gulalions 2008 other than any requirement
that th8 accounts give a 'tru& and fair. view which 1$ not a matter considered as part of an independent
examinat￿n.
Page 8

SHIFf-ED
INDEPENDEKf EXAMINER'S REPORT {continuod)
FOR THE YEAR ENDED 31 AUGUST 2024
I have no concems and have ￿rrE ac*oss no other matters in connection the examination to which
attents.on shoukl te drawn in thLry rEp*Nt In order to enthe a prgFer uThJerytarKJiro of the accounts to be re￿ed.
Trat￿.. 25 February 2025
Rthn John, FG4 CTA
WELLDEN TURNBULL LIA
Abany Hou8e
Clare￿￿￿t Lana
Surrey
Kr10 9FQ
P¥Je 9

SHIFT-ED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
UnreStr￿ed
funds
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Donations and Educational services
46,514
46,514
200
TOTAL INCOME
46,514
46.514
200
EXPENDITURE ON:
Raising funds
Charitable actlvllles
2,683
30,507
2,683
30,507
TOTAL EXPENDITURE
33,1￿J
33,190
NET INCOME BEFORE OTHER RECOGNISED GAINS AND
LOSSES
NET MOVEMENT IN FUNDS
13,324
13,324
13,324
13,324
RECONCILIATION OF FUNDS:
Total fund8 brought forward
200
200
13,524
13,524
200
TOTAL FUNDS CARRIED FORWARD
The notes on pages 12 10 18 form part of these flnancial statements.
Page 10

sHIFT￿D
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash al bank and In hand
2,448
12.927
200
13,326
200
CREDITORS: omounts f8lllng due wtlhin
one year
12,2501
NET CURRENT ASSETS
11,076
200
NET ASSETS
13,524
200
CHARITY FUNDS
Unréstricted funds
10
13,524
200
TOTAL FUNDS
13,524
200
The flnanclal ststem8n18 were approved by the Trustees on I
b)i£ and signed on their behall, by..
Mrz Hoeben
Trusts
Mr$ M R Sutton-mattocks
Trustoe
Th8 notes on pages 12 to 18 form part of these financial 51alernents.
Page11

sH1￿-E0
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
1.1 Basis of preparation of financlal •tatom¢nts
The financial statements have been prepared lo give a 'lrue and fair. view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'true
and fair, view. This depArture has involved following the Charities SORP IFRS 102) published on 16
July 2014 rather than the Accounting and Reporting by Charitles.. Stat8menl of Recommended
Practice effective from 1 April 2005 which ha5 since been withdrawn.
The financial sl818menls have been prepared under the historl¢al cost Convention with ilems
recognised at cost or transaction value unless otherwise slated In the relevant notes lo these
accounts. The financial statements have been prepared in a¢¢ordance with the Stalemènl of
Recommended Practice.. Accountlng and ReFX)rtlng by Charllles preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 Issued on 16 July 2014 and Financial Reporting Standard appllcable In the United Kingdom and
Republic of Ireland IFRS 1021 and Ch8rilies Act 2011.
SHIFT-ED constllules a public beneflt enllty a8 defined by FRS 102.
The flnancial slalemenls are presented In sterling whlch is the functional currency of the charity an
rounded lo the nearest £1.
1.2 Incomo
All in¢oma 18 recognised once the charlty h88 ents'llement to the income. il Is probable that th8
Income w511 be received and the amounl of Income recelvable can be measured rellably.
For legacies, enlillernent15 taken 88 the earller of the date on whlch either- the charity is aware that
probate ha5 been granted, the eslale has been flnalised and noliflcalion has been made by the
executorl51 lo the Trust that a distribution wlll be made, or when a dislribullon is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the charlty has been notified of th8 execulorfs intention to make a dislributlon.
Where legacies have been not￿led lo the charity, or the charity is aware of the granting of probate.
and the criteria for Income recognlllon have not been met, then the legacy Is treated as a contingent
asset and disGlos8d K material.
Gift5 in klnd donated for distribution are included al valuation and re¢ognised as Income when they
are distributed lo the projects, Grfls donated for resale are included a$ Incom8 when they are sold.
Donated facilities are included al the value to the charity where this Can be quantified and a third
party is bearing the ¢osl. No amounts are included in the flnancial statements for servicas donated
by volunteers.
Donated servlces or fa¢ililps are recognised ¥then the charity has ￿ntrol over the itèm, any
conditions associated with the donated item have been mel. the receipt of economic benefit from the
U88 of the charity of the ileffl is probable and that economic benefit can be measured reliably. In
accordancé with the Charities SORP IFRS 1021. the general volunteer lim8 of the Friends is not
recognised and refer lo the Trustees, report for more infomallon about th8ir ¢ontrlbution.
On receipt, donated professional services and donated fa¢ililies are recognised on the basis of the
value of the grft lo the charity which is the amount the Charity would have been willing lo pay lo
obtain services or facilities of equivalent economic benefit on the open market,. a corresponding
amount is then recognised in expenditure in the period of receipt.
Investment Ir￿ome is accounted for in the perlod in which the charty is enliled lo receive it.
Pagg 12

SHIFTED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES {¢ontlnued)
1.3 Expendlture
Expenditure is recogni3ed onc8 there Is a legal or ¢on$truclive obligation to transfer economic
benefll to a third paty, It is probable that a transfer of economic b8nefi15 wll be required in
setuemenl and the amount of th8 obligation can be measured reliably. Expenditure is classified by
activity.
Fundraislng c08ts are those incurred In seeklng voluntary ¢ontrlbutlons and do not include the costs
of dis5eminaling information In support of the charitable acllville5. Support costs afe those costs
incurred dIreC￿Y In support of expendlture on the objects of the charity. Governance costs are those
incurred in connectlon with adminislratlon of the charity and compliance with constilutlonal and
statutory requirements.
Costs of generallng fund8 are costs Incurred in allracllng voluntary in¢ome. and those Incurred in
trading aclSvilie8 that raise funds.
Charitable actlvitios and governance costs are c08ts Incurred on the charitys operations, Indudlng
support costs and ¢￿ts relating to the governan¢e of the charity apportioned lo charitable activlties.
Gran19 payable arè charged In the year when the offer is made except In Ihoge cases where the
offer 18 condllional, such grants being recognlsed as expenditure when the conditions attaching are
fulfilled. Grants offered subject lo condllions which have nol been met at the year end are noted a3
Commitment. tsjl not accrued as expenditure.
l expendlture Is Sncluslve of Irrecoverable VAT.
1.4 Tanglbl• flx•d 888Ot8 and d•proclatlon
Tanglble flxed assets are carried at cost or valuation, net of depreciallon and any provlslon for
mpairmenl. Depre¢lallon is provlded at rates calculated to wrilg off the cost or valuation of flxed
assels,188S their estimated residual value, over their expected useful live$ on the followng bases..
Plant and tools
Fixtures and fittings
Computer equipment
2SVu p.a straight line
250/u p.a straight line
25% p.a straight Ilne
1.5 Intorest rwlvable
Interest on funds held on deposit is irtcluded when receivable and the amount can be measured
reliably by the charlly,. thls is normally upon nollrication of the interest paid or payable by the Bank.
1.6 Stocks
Stocks are valued al the lower of cost and nel realisable value after maklng due allowance for
obsolete and 51ow-moving stocks.
1.7 Debtors
Trade and other debtors are recogni$ed at the selllement amount after any trade dls¢ount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
Page 13

SHIFT-ED
NOTES TO THE FINAMCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (contlnued)
1.8 Cash at Bank and in hand
Cash al bank and In hand Includes cash and short term highly liquid inveslm8nls wth a short
maturlty of three months or le8$ from the dale of acquisition or opening of the deposit or similar
account.
1.9 Crodltors and Provlslons
Cre¢Jitors and provisions are recognlsed where the charlty has a present obligation r8sulling from a
pa51 event that wlll probably result in the transfer of funds lo a third party and the amount due lo
settle the obligallon can be measured or eslima18d reliably. Creditors and provislons are nomally
recognlsed al thelr 98lllement amount after allowing for and trade discounts due.
1.10 Crodltors and provl8lon8
Llabilities are recognised when there is an obligallon al the balance sheet date as a result of 8 past
event, it Is probable that a transfer of economlc benefit will be required in settlement, and the
amount of the setuemenl can be eslimaled reliably. Liabilities are recognised al the amount that the
charity anticipates il wlll pay lo sellle the debt or the amount it ha$ received as advanced paymen18
for the goods or servlces It must provKle. Provlsions aro measured al the b8sI estimate of the
amounts required lo sellle the obligalion. Where the effect of the lime value of money Is material,
the provi8lon Is based on the present value of those amounts, discounted 81 the pre•t2x dlscount
rale that reflects the rlskg sp8cffic to the Ilabilily. The unwinding of the discount is recognised wlhin
inleresl payable and slmilar charges.
1.11 Gov•mm•nt grant•
Government grants relating lo langlble fixed asset5 are Irealed as deferred Income and released to
the statement of flnanclal activities over the expected useful lives of the assets concerned. Other
grants are ¢￿d￿ted lo the slatem8nl of flnancial activities as the related expenditure Is Sncurred.
1.12 Fund accountlng
General funds are unreslricled funds which are available for use al the discretSon of the Trustees in
furtherance of the general objectlves of the charity and which have not been deslgnaled for other
purposes.
Deslgnated funds comprise unrestricted funds that have been sel aslde by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the linancial
slal8ments.
Restri¢led fund8 are funds which are lo be L¢sed in a¢¢ordance with specffic restrictlons Imposed ty
donor5 or which have been raised by the charity for particular purposes. The costs of raising an
administering such funds are charged against the spgGifiG fund. The aim and use of each reslricled
fund is s8t out in the notes to the financial slalemenls.
Investment income, gains and losses are allocated lo the appropriate fund.
1.13 Taxatlon
SHIFT-ED is recognised as a charity by HMRC and benefits from exemption on I￿Ome and gains lo
the extent they are applied for Charitable purposes.
Page14

SHIFT-ED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (continued)
1.14 Flnanclal in$trument8
The charity only has financial assets an(1 flnancial liabilitie5 Qf a kind that qualify as basic financial
inslrumenls. Basic financial instrum&nls are initially recognised al transaction value and
subsequently measured al their settlement value,
INCOME FROM DONATIONS AND LEGACIES AND GRANTS
UnregtrScted
fund$
2024
Total
funds
2024
Total
funds
2023
Oonatlons
Edu¢allonal ServSces
25,474
21,040
25,474
21,040
200
Total donatlons and legacles and grants
48,514
46,514
200
Total 2023
200
200
DIRECT COSTS
Total
2024
Total
2023
Project costs
Educallonal prolocl costs
27,075
27,075
SUPPORT AND GOVERNANCE COSTS
Total
2024
To181
2023
Governance
Actlvitiès
Support and govemance costs
1,500
1.116
2,616
GOVERNANCE COSTS
Unrestricted
funds
2024
Total
funds
2023
Support C05ts - governance
08pr8ciation
1,500
816
2,316
Page 15

SHIFf-ED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
NET INCOMEI{EXPENDITURE)
This is slated after charging:
period
31 August
2023
31 Augusl
2024
Depreciatlon of tanglble flxed assets..
- owned by the charity
Independent Examlnerfs fees
816
During the year, no Trustees Tec8ived any remuneralion12023- £NIL).
During the year, no TnJstee8 received any benefits in kind12023 - £NILI.
Durlng the y8ar, no Trustee8 received any relmbursemenl of expense8 {2023 - £NIL).
TANGIBLE FIXED ASSETS
Flxtures and
fittings
Plant and tools
equipment
Tot81
Co•1
Al 1 September 2023
Additions
1.922
851
491
3,264
Al 31 August 2024
1,922
851
491
3,284
Dopr•¢latlon
Al 1 September 2023
Charge for the year
213
123
816
Al 31 August 2024
213
123
816
Not l)ook valu•
Al 31 August 2024
1,442
638
368
2,448
Al 31 August 2023
DEBTORS
2024
2023
Debtors
Other debtors
308
91
399
Page 16

SHIFT-ED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CREDITORS.. Amounts falllng duo wlthln one year
2024
2023
Other loans
Accruals and deferred income
750
1,500
2.250
10. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
8818nce at 1
September
2023
Balanc8 al 31
Expendlture Au￿st 2024
Ir￿me
Unre8trl¢tod fund•
General Funds- all fvnds
200
48,514
(33.1901
13,524
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
28 March
2022
Balance al 31
Expandllure August 2023
Income
General Funds - all funds
200
200
Total of funds
200
200
SUMMARY OF FUNDS-CURRENT YEAR
Balance al 1
Saplember
2023
Balance at 31
Exp8nditure Augu812024
Income
General funds
200
46,514
(33,1901
13,524
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
28 March
2022
Balan￿ at 31
Expenditure August 2023
In¢ome
General funds
200
200
l asset5 and liabil((ies within the CIO are allocated as below.
Pagg 17

SHIFTID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDeo 31 AUGUST 2024
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET A8SETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted
funds
2024
Tangible fixed as$818
Current ass81s
Creditors due within one year
2,448
13,326
12,250)
13,S24
ANALYSIS OF NET ASSETS BETWEEN FUND3- PRIOR YEAR
Unrestricted
fund8
2023
Gurrerst a88els
200
200
12. RELATED PARTY TRANSACTIONS
During the year, coD8ultancy costs of £9,000 and £3,000 were paid lo Mr N Tumer and Mr Z Hoeben
respectlvely.
There were no related party transacllons other than dlsd05ed in the notes to the a¢¢ounts.
13. CONTROLLING PARTY
There is no ultimate ¢onlrolling party.
Page18