Charity number. 1200018 SHROPSHIRE COMMUNITY FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WR Protecting your future.
SHROPSHIRE COMMUNtrY FOUNDATION CONTENTS Page Refelence and AdministTa*ive Detsils of Ihe Chaiity, its Trustee5 and Adviser5 Trustees, Report Independent Examiner's Report Statement ol Financial Activitie5 9-10 8alance Sheel 12 Notes to the Finwcial Ststements 13-26
SHROPSHIRE COTIJMUNITY FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustaes S Graham. Chair A Harris R Martin R Pemberton 8 Powell S Roberts J Themans (resigned 28 Febwary 20251 A Thom G Wynn J Lancaster {appointed 29 October 20241 A Usherwood- Brown lappoinled 19 May 2025) K Boughton (appointed 26 May 20251 Dr H Ottey (appointed 28 May 20251 Charity registered number 1200018 Principal office Belmont House Sitka Drive Shrewsbury Shropshife SY2 6LG Accountants WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shiewsbury Shfopshire SY2 6LG Page 1
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Tru51ees present their annual report toaethev with the financial Slalements ol the Charity lor the year 1 April 2024 to 31 March 2025. Objectives and activitles . Policies and objectives The Foundation's principal objective is the promotion ol any charilable purpose for the benefit of the community or any part thereof in the County of Shiopshire lincluth.ng the borough of Telford and Wrekinl and its immediate neighbourhood,. and in parttcular the ad¥ancement ol education. Ihe pioteclion of good health Iboth mental and physical) and the relielol poveity and sickness. In setting objeclives and planning for adivities. Ihe Trustees have given due consideiation to general guidance published by the Charity Commission relating to PLtblic benefft. induding the guidance 'Public benefit.. Tunning a charity IPB21'. b. Strategies for achieving objectives Ongoing funding is essential to achieving the objeckn.ves oullined above. This is secured throu9h the following ¢hannel5'. Endowment Devèlopment.. The establishment of endowments, managed by our Investment Board, ensuies long-lerm growth and provides a sustainable Source of lunding to SUPPOrt Ihose in OUT community who need il most. Corporate Donations.. Contributions from businesses play a critical iole in advancing the Foundation's mission. These funds are used judiciously to enhance public awareness, strengthen partnerships local charities and other stskeholders. and improve the efficiency and transparency of grant distribution and reporting. Sponsorships and Individual Giants.. Support trom businesses and individuals also enables the development of our personnel and offsets the costs associated with frJndr3ising events. Administrative Fees.. The Foundation receives femuneralioTr from thiid pa'eS engage us to adtninisler grar on Iheif behalf. . Grant4naking policies The Shropshife Community Foundation ISCF) is an independent challtable trust. Ouf aim as a pla-baSe fvnder is to enable wowth in communiiies and improve the qualty of life of peOe across the ceremonial covnty of Shropshire thIoLtgh our grant-giving. We manage donations from individuals, companies, chaittable trusts and sthtory bodies lo provide ndl9 to inthvithJal$, and voluntary and community groups acros$ Shropshire, Telford &Wrektn. We encourage applications seeking nthn9 from communrty groups of all sizes from across Shropshire, Telford and Wrekin, which wll deliver benefits to people dedicated to supporting and enhancing the well-being of communities wtthin our area. We are committed to ensuring oui gTanl-makn'ng is aG¢essible to all groups, especially those new to grant fvr>ding or who are smaller and O$lY volunteer4ed. Vve also recognise that community and voluntary groups are particularly well-placed to identify and Work wth the m051 marginali5ed and underrepresented eornmunilies in Shropshire. Page 2
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT ICONTINUEDI. FOR THE YEAR ENDED 31 MARCH 2025 Achie¥emonts and perfomiance . Main Khievements ol the Charity Granl-making is central lo our cole objecb"ves, and several new grants weve awarded during the finan¢ial year, demonstratsng the Foundation's ongoing commitment lo a wide range of communty needs. Wekoming Spaces Grant Launched in partnership wth Telford & Wrekin Council, this grant supports community and voluntary organisations in addressing adult loneline5S Wthin the boiough by funding social activilies. Due to an exceptional numbei of applications, fvnding awarded to thity three organisations working to combat isolation. The Zac Fund &x grants, ranging trom £1,000 to £2.500, were awarded through the Zac Fund lo individuals and charities to help young people affected by cancer4elated illnesses. McPhillips Construction Cornmunity Fund To commemorale its 60th anniversary, M¢Phillips Construction estsblished a new comnwnity fvjnd in collaborats.on wth the Shropshire Community Foundatson. This fund supports projects aimed at strengthening communitie5 by improving mental health, reducing social isolation, and promokn.ng long-term well-being. Grants ranging from £2,228 to £4,488 weie awarded to six organisalions. Dalian Atkinson Endowment Fund The Foundakn"on continue5 to Work dosety wth the family of Dalian Atkinson to grow an Endowment Fund that celebrates his lifelong passion for sport and its transformakn.ve impact on communities The fund seeks to inspire young people to engage in sports as a means of personal development and well-being. Shropshlre Invèstors in Conununity This initiative, through which local businesses supw)rt the Foundation's core activlties. continues to thrtve. As a Tesull, a rtrew Awm Endowment and Flowthrough Fund has been estsblished. The Trustees have commrtted to grant givtng from AcoTn Fund in the coming financtal year. Page 3
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomian¢e (continued) In parallel with grant giving, endowment building and building donor support. the Foundation has strengthened its internal siTuctvre= Governan¢g Lèadorship A new Irustse, Judy Lan¢asler joined the Board of Trustees bringing valuable legal and ffinan¢ial experience to complement the conth"buiions of OLEr existrng Patron, Tnjstees, Investment Board, Gran15 Avrard Panel. and Volunlews. In addib'on, a select group ol Ambassadors has joined the SCF team to offer strate¢ guidance and expertise across key areas. Trusted Standard Accreditation The Foundation has committed to achieving Trusted Stsndard Level 1 certificab.on by June 2025, followir¢g rigorous extemal review of its policies, operational procedures, financial and risk management, and govemance. This accreditation reinforces our edIbIlity as a reliable and effective partner foT donors entrusting us the stewardship of their funds. Digital Engagement Ouf grovrfmg presence on social metha has significanlly enhanced public awareness of available grants, while also providing a platlorm to share new5 about upcoming events. new inittatives, and fundraising aclivities. A substantial increase in IT infrastructure investment and IT support enabling more efficient organisational performance, gTanl-maknTrg, and repOng, allowing the Foundation to maximise its effeclivene55 delivering on its key objectives. b. Investment policy and perfonnance The Foundation has apponted an Inveslmenl Boaid. which sits outside the truslee struetijre but reports to and advises the trustees of the Shropshire Community Foundation. The investn)ent board takes a(fvice from investment professionals and fvnd managers appointed by the Foundation. The Foundation opeiales a totsl rebjrn model which aims to balance income and capital retums. The key objective is to maximise retum on investment whilst preserving the capital value of endowments. Page 4
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review a. Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Chaitty has adequate resources lo continue in operational existence for the loreseeable future. Foi this reason. they continue to adopt the going concern basis in preparing the financial statements. b. RÈserves policy In accordance with Chètrty Commission guidance. the Board ensures that a minimum reserve equivalent to six months ol operating costs is maintained at all tsmes. However, the Shropshire Communrty Foundati(In aims lo hold unre5trrcted reserves equivalent to up to one year's running costs. This approach supports the continuity of giant-makn'ng activites and enables the Foundation to opeiate in a planned, sustainable manner_ It also aCknedgeS the potential for interTnittenl gaps in ftjnding, Ven the inherent unpredictability of fijnding streams. The total reserves at yeaF end were £776,044 {2024'. £717,301), of vthich £656,965 {2024.' £664,943) was within endowed ndS and £26,438 (2024.. £14,358} within Testricted. Free reserves held at year end amounted to £69.544 (2024.. £37.5001. StTUCturn. governance and management . Constitution Shropshire Cvmmunity Foundation is a Chafitable Incorporated Organisation {CIO). registered with the Charity Commission, charity number 1200018. and is constiluled under a Trust deed. b. Methods of appointment or election of Trustees The management of the Charity is the iesponsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Page 5
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 StNcturei govemance afNI management (continued) . Organisational structure and decision-making policies rganlsatlon Structure Chart Patron S•15ni (Chwi Ivs Rob•M Po¥AH Board ol Trustees IMCI Ihjh [1(01 5hropshlig $4 L•4d Wynn IBOEP. ND SUPPOR TERS Anna BovAer Lvw Burea M•nry Cèt &PARIMERSIIIPS IDOEPI Chw 14 FWAKE & INlrESTMENTIH) Je5? HvryhrièS- BDokke?pei F'.arty Eury AiWS R15KIASRI GANfs PANELS GR411Tsif¥l RDiAts IAARCOIIMS IIKI Chth l s$$1 d. Policies adopted forthe induction and training of Trustees On appointment. a ne¥My elected trustee musl read the Goveming Document for Shropshire Community Foltndation and lead, under51alld and accept the duties and responsibilities of a trustee as oullined in Ihe Charity Commission booklets CC3-The Essential Trustee". what you need to know, and CC3 la).. Responsibilities of Charity Trustees. . Financk41 risk management The Trustee5 have assessed the major Tisks to thich the Charity is exposed, in partiCLblar Ihose Telated to the opeiations and finances of the Chatity. and ale satisfied that systems and procedures are in place lo miligale exposure to the major risks. Page 6
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Plans for futttre perlod5 With grant-making remaining central lo the Foundation's mission, it is anticipated that the Current financial year will see a notable increase in tt)e nurnber of grants awarded lo support Ollf communities. To siipport this growth. a new Chief Executive Officer has been appointed lo leèd the continued development 8nd strategic dlre¢tion of the Foundadon. The generation of endowments and ihe building of income streams remain key prlorities. enabling the expansion of grant-making activity across Shropshiie. Telford and Wrekin. Robust compliance and governance will continue to underpin all Foundation activilies. In addition to the commitment to Trusted Stsndard accreditation, fttrther enhancements are planned, including the pursuit of IT and cyber security accreditation. As the Foundation's lepulation 03. the delivery of grant programmes on behalf of Ihird-paty organisations, such as local authollties, has gatned significant momentum and is expected lo expand substantially over the Coming financial year. Page 7
SHROPSHIRE COMMUNITY FOUNDATION TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Plan5 for fu1? periods {continuadl Statement of TNstws' responsibilhip5 The Twstses are iesponsible for preparing the Tw$tees' Report and the financial statements in ardance llth applicable law and United knngdom Accounb"ng Stsndaids (United Kingdom Geneially A¢cepted Accounting Practice). The law applicable lo ¢haritses in England & Wales requires ihe Trustees to prepare financial statements for each ffinancial period which give a true and fair view of the slate of affaiis of the Chaiity and of its incoming resources and applicatioTr of resources, including its income and expenditure, for that peTiod. In pieparing these financial ststements, the Trustèes are required lo. select suitable accounting policies and then apply them consistenlly., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounb'ng estimates that are reasonable and prudent- state whether applicable UK A¢¢ounting Standards IFRS 102) have been followed. subject to any material depatlures disclosed and explained in the ffinanryal ststements., prepare the financial ststements on the going conceffl basis unless it is inappropriate to presume that the Charity wll continue in busKbess. The TNstees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and (thsdose with ieasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial slalements comply wth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Tfust deed. They are also spOnSible for saleguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members ofthe board of Trustees and signed on their behalf by.. S Graha Dale.. ioll Page 8
SHROPSHIRE COMMUNITY FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 202S Independent Examinerfs Reportto the TNstees of Shropshire Cornfnunity Foundation (Xhe Charity'l I report to the charity Trustees on my examination of Ihe accounts of the Charity for the year ended 31 March 2025. Responsibilitigs and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance 1h the requirements of the Charities A¢1 2011 Ilhe 2011 Arf). I report in respect ol my examination of the Chantys accounts carried out under secb.on 145 of the 2011 Act and in carwng out my examination I have followed the applicable DiTections given by the Chafity Commission under se¢iion 14515llb) otthe 2011 Act. Page 9
SHROPSHIRE COMMUNITY FOUNDATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Independent Exominerfs Statement Your attention is drawn to the fact that the Charity has prepared the account8 in accordance wth Accounting and Reporting by Chaiities.. Statement of Re¢ommended Pracbce applicable to ch8Tilies preparing their accounts in a¢¢ordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in pieference to the Accounting and Reporting by Charities." Statement of Re¢ommerEded Practice issued on I )ri1 2005 which is referred to in the extant regulations bul has been withdFawn. understand that this has been done in ordei for the accounts to PTovide a tnje and fair view in ac¢ordance with the Generally Accepted Accounting Practice effective lo¥ reporfing periods beginning on or after l January 2015. I have completed my examination. I confirm that no matters have come to my atten16on in connection wth the examination giving me cause lo believe that in any material iespecl". accounting ieGords were not kept in respect of the Charity as required by se¢t¢on 130 of the 2011 Act., or the accounts do not accord WTth those records," or the accounts do Trot comply with Ihe applicable requirements conceming the form and content of accounts set out in the ChaFSties (Accounts arid Reports} Regulations 2008 other than any requirement that the accounts give a and fair. view Nthich is not a matter considered as part of an inijependent examination. I have no concems and have come acr086 no otheT mattws in connection the examination to which attention should be drawn sn this report in older to enable a piopeT understan(thng of the accounts to be reached. This report is made solely to the Charitls Trustees, as a body, in accordance Part 4 of the Charities (Accounts and Reports) Regulations 2008. My Work has been undertaken so that I might state to the Charitys Trustees those rnatteis l am required lo state to them in an Independent Exarniner's Report and lor no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body, for my work or for thi5 report. Si9ned.. S J Tweedle Dated.. 8Sc FCA DChA INR Partners Chartered Accountants Belmont House ShTewsbury Business Park Shrewsbury Shropshire SY2 6LG Page 10
SHROPSHIRE COMMUNITY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Endomneot Restri¢ted UDre$trKtsd funds nds funds 2026 2026 2025 Total fvnds 2026 Total funds 2024 Note Income and endowments from: Donations and legacies Investments 16,077 13,697 50.547 69,364 67 135.988 13.764 105,647 71,846 Totsl income and endowments 29.774 50.547 69.431 149,752 117,493 Expenditure on: Raising funds Charitable activilies 5,487 9.877 5,487 61 A78 7.517 45,326 151134 36,467 Total expenditure 15.034 36.467 15.364 66.865 52.843 Not income before nel1105se5llgains on investments 14.740 14.080 $4.067 82.887 64.650 Nel Ilossesllgains on investments 124,144) 124,1441 40,877 Net lexpenditurellincome Transfers between funds 19,4041 14,080 S4,067 58,743 705,461 17 1,426 (2,000) 574 Net movement in funds 17,9781 12.080 S4,641 58.743 105,401 Reconciliation ol funds.. Total funds brought loMard Nel movement in fvnds 664,943 17.9781 14,358 12.080 38,000 54.641 717,301 58,743 611, 840 105,469 Total funds carried foard 656,965 26.438 92.641 776.044 717,301 The Ststemert of Financial Athities includes all gans and losses recognised in the year. The notes on pages 13 to 26 form part of these financial statements. Page11
SHROPSHIRE COMMUNITY FOUNDATION BALANCE SHEET AS AT 31 MARCH 202S 2025 2024 Note Fixed assets Tangible assets Investments 748 14 654,46S 553,454 655213 553,454 Current assets Debtors 25286 97.760 71.497 153,676 Cash at bank and in hand 123,046 165, 7 T3 Current Itabilities Credltors.. amoltnts falling due wtthin one year 16 1221SI (1,326) Net current assets 120.831 163,847 Total asse1$ less current liabilities 776P44 777,301 Total nel assets 776,044 717.301 Charity fvnds Endowment fvnds Restricted funds Unrestricted fvnds 17 656,965 26.438 92,641 664,943 14.358 38,000 17 Total funds 776.044 717.301 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. S GTaharn Dale.. The notes on pages 13 to 26 form part of these financial slalements. Page 12
SHROPSHIRE COMMUN5TY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation ShropshiTe Community Foundation is a Charitable Incorporated Organisation registered with the Charity Commission in England and Vwales, No 1200018. The iegisteTed office is at Belmont House, Silka Drive. Shrewsbury Business Park, Shrewsbury SY2 6LD. Accounting policies 2.1 Ba$is of preparation of financial statements The financial statements have been pTepared in accordance wlh the Charities SORP (FRS 1021 A¢countir)g and Reporting by Charibes.. Ststement of Recornmended Praclbce applicable lo chaiibe5 preparing their accounts in accordance Ihe Financial RepOng Standard applicable in the UK and Republie of Ireland IFRS 1021 (effective t January 2019), the Financial Reporting Standafd appficable in the UK and Republi¢ of Ireland IFRS 102) and the Chaiities Act 201 1. Shropshire Communty Foundation meets the definibon of a public benefit entity under FRS 102. Assets and liabilities are Initially recognised at historical cost or transaction vahje unless olherwise stated in the relevant accounting poh"cy. 2.2 Income All income is recognised once the Charity has enttdement to the income, it is probable that the income wll be received and the amount of income receivable can be measured reliably. Grants are induded in the Statement of Wsnancial Activtiies on a receivable basis. The balance of in¢ome Teceived for speufi¢ PUFposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Vvhere income is received in advan¢e of entillement of receipt, its recognition is deferred and induded in creditors as deferred income. INhere entitlement occufs before income is received, the in¢ome is accrued. Income tax recoveiable in felalion to investment income is recognised at the time the investment income Is receivable. 2.3 Expenditu Expenrfiture is recogni5ed once Ihere is a legal or constructive obligation tts transfer economic benefit to a third party, it is probable that a transfer of economic benefits wll be required in settlement and the amount ol the obligation can be measured reliably. Expenditure is classified by actsvity. The costs of each activity are made up of the total of direct costs and 5haied costs, including support costs involved in undertaking each activity- Dire¢l costs attTibutable to a single a¢tivtty are allocated directly to that activity. Shxied costs Ithich contribute to moFe than one activity and support costs which ale not attributsble to a single activity are apportioned beeen those activities on a basis consistenl with the use of resources. Expenditure On raising fijnds incltjdes all expenditure incurred by the Charity to raise lunds for its charitable purposes and includes costs of all fundraising activities events and rion-charitable trading. Expenditure on charitable a¢livities is incurred on directty undertaking the activities which furthe¥ the Charity's objectives. as well as any asso¢iated 5UPPOrt costs. Page 13
SHROPSHIRE COMMUNI FOUNDAnoN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies {conttnued) 2J Expenditure Icontinuedl Grants payable are charged in the year vknen the offer is made except in Ihose cases where the offer is ctsndilional, Such grants being recognised as expendtiuie when the conditions attaching are fulfilled. Grants offered subject lo condit'ons which have not been met at the year end are noted as a commitment, but not accrued &8 expenditure. All expenditure is inclusive of inecovefable VAT. 2.4 Interest eNable Interest on fvnds held on deposit is included sthen receivable and Ihe amount can be measured reliably by the Charity., this is normally upon notiffication of the interest paid oi payable by the institution wrth whom the fvnds are deposited. 2.5 Tangible fixed assets and depTrciation Tangible fixed assets costing £NIL or more are capitalised and recognised when knlure economic benefits are piobable and the cost ot value of the asset can be measured reliably. Tangible fixed assets are initially iecognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciats.on and any accumulated impairment losses. Al costs incuired lo bring a tangible fixed asset into ils intended working ¢ondition should be included in the measurement of cost. Depreuation is ¢harged so as to allote the cost of langible fixed assets less their residual value over Iheir e811mated usehd lives. using the straighl-line method. DepreatIon is provided on the followng basis.. Office equipment 20% 2.6 Investment5 Fixed asset Investments are a form of financial instrument and are iniknally recogni5ed al their transaclion cost and subsequentFy measured al fair value al the Bdance Sheet date, unless the value cannot be measured reliably in whrch case it is measured at wst less impairment. Investment gains and losses, %thethei iealised or unreali5ed, afe combined and presented as 'GainsllLosses) on investments, in the Statement of Financial Actsvities. 2.7 Debtors Trade and olhef debtors ale re¢ognised at the setuemenl amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dis¢ounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short malurity of three months oi less from the date of acquisition or opening of the deposit or similar account. Page 14
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continuedl 2.9 Liabilitiès and provisions Lièbilitses are recognised ¥then there is an obligation at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amour7t Ihat the Charity anticipates it wll pay lo setue the debt or the amount it has received as advanced payments for the goods or setvices It must Pfovide. 2.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruTHents. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2.11 Fund a¢countlng General funds are unTeslFiCted funds tCh are available for use at fhe dis¢retlon of the Trustees in furtheiance of the general objectives of the Charity and which have not been designated for other purposes. Designated fijnds comprise unrestricted funds that have been set aside by the Trustee5 for particular purposes. The aim and use of each designated fund is set out in the notes to the financial ststements. Restri¢teil funds are fvnds which aTe to be used in accordance y1h specific Testrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and adrninislering such fvnds are charged against the specific frjnd. The aim and use of each restricted fund is Sel out in the notes to the firlancial statements. Investment income, gains and losses are allocated to Ihe appropriate hnd. Endowment funds are money or other assets given to the Charity lor investment. All endowment funds held by the chaTty are expendable. Funds received as expendable endowment are initially invested but can be drawn down when reqtjired. Page 15
SHROPSHIRE COMMUNrrf FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and lggacios EndoThinent Restricted Unrestrfcted nds lunds 2026 2025 Total funds 2025 Total fvnds 2024 2025 Donations Donations Sponsorship 16,077 1,500 13,000 5.614 23.191 13.000 12.487 24,250 Subtotal dètailed disc105ure 16.077 14,500 5,614 36.191 36.737 Grants Membership income 36,047 36,047 63.750 36.410 32,500 63,750 Subtotsl 36,047 63,750 99,797 68,gio 16,077 50,547 69,364 13S,988 105,647 Total 2024 25,910 19.2 60.487 105, 647 Inveslment inGom E[owment Unvestrtcted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Income from local listed investments Investment income - local cash 13.697 13.697 67 11,546 Joo 67 13,697 67 13,764 17,846 Total 2024 11,546 3( 71,846 Page 16
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expendiiure on raising lunds Costs of raising voluntary income Restricted Unrestricted funds lunds 2025 2025 Total funds 202S Total funds 2024 Fundraising event expenses IIC - Inveslois in Comfflunity expenditure 6,001 1,516 5,487 5.487 5,487 5.487 T,517 Total 2024 3,0(Kl 4.577 7.517 Analysis of grants Grants to Grant5 to InstitIonS Individuals 2025 2026 Totsl nds 2025 Total ft4nds 2024 Grants, Charilable Activrlies 34,047 9,500 43,547 30,000 Tot812024 24,0(K* 30,000 Page17
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Grants to Instilutions 2025 2024 Amber Bee CIC 4 All Foundation Designs in Mind Home Stsrt Telford & IAlrekin Bright Star Boxing The Community Council The Joshua Tree Tom Bowdidge Youth Cancer Foundation Teenage Cancer Trust The Cavalier Centre Shropshire Youth Foundation 8th Bridgnorth Scouts HMM Arts Crowsmill Ciaft Centre Hope Through Music Gfants of £1,000 OT below 2,688 2328 2,800 2,800 4,488 2,996 3,000 1.250 7.250 1.250 1,25Q 1,250 1.250 7,500 16,047 34.047 24.000 Analysls ol expend{ ¢)n chafitslA9 actlvltles Summary by fund type Endowment Restricted Unrestricted funds funds funds 2025 2025 2025 Total 2025 Total 2024 Charitable Actr'vtties 15,034 36,467 9,877 81,378 45,326 Total 2024 15.000 3.309 27.017 45.326 Page 18
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activilies Activities undertaken directly 2026 Grant funding of activtties Support costs 2025 Total funds 2025 Total lunds 2024 2025 Charitable Activities 2,547 43,547 15,284 61,378 45,326 Total 2024 30.000 15,326 45,326 Analysis of support costs Charitable Activilses 2025 Total funds 2025 Total fvnds 2024 Depreciation Advertising & MarkelFng Bank Fees Insurance Regulatory Professional Support Costs subsCptIOns Othei Miscellaneous Expenditure IT Soare and Consumables Governance costs 187 2,399 97 600 187 2.399 97 6,757 60 46f 50 4,438 228 4.459 2,178 431 4.459 2.178 431 200 1,800 3,307 1,626 3,307 1.626 15.284 15,284 75.326 Total 2024 15,326 15.32 Page 19
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Independent èxaminerfs remuneration 2026 2024 Fees payable lo the Charity's independent examiner lor the independent eKaFr7ination ofthe Charis annual accounts 1N46 1,326 11. Staff costs 2026 2024 Wages and salaries Social secuiity costs 2,310 110 2,420 The average number of persons employed by the Charity during the year was as follows.. 2025 No. 2024 Employees No employee received remuneration amounting lo more than £60,000 in either year. 12. TN$tees' remuneration and expenses ring the year, no Ttustees received any remuneration or olher benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred f2024 - £NIL). 13. Tangible fixed assets equipment Cost or valuation Additions 935 At 31 March 2025 936 Page 20
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Tangible fThed assets {continuÈdl Office equiprnent Depreciation Charge foi the year 187 Al 31 March 2025 187 Net book valtse At 31 March 2025 At 37 March 2024 14. Fixed assot investments Other fixed Llsted asset investments invg$tmenl$ Totsl Cost or valuation Al l April 2024 Additions Revaluation8 540,811 126,150 (24.1441 12,648 553,459 125,150 124,144) At 31 March 2025 641,817 12.648 654,465 Net book value At 31 March 2025 641017 12,648 654,465 At 31 March 2024 540, 811 12,648 553,459 Page 21
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Debtors 2025 2024 Due withSn one year Trade debto¥s Prepayments and accrued income 25.000 8, 750 2, 747 26,286 11.497 16. Creditors: Amounts lalling due wlthin one year 2026 2024 Other taxalion and $o¢ial security Accruals and deferred income 089 1,626 1,326 2,21 S 1,326 Pago 22
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statement of funds StateThnl ol funds - current year Balance at 31 March 2025 Balance al 1 April 2024 TTat)sfers inlout Gainsl IL0s5esl Income Expenditure Unrostricled funds Designated funds Flowthrough 500 21,097 1.500 23,097 General lunds General Fund5 - all fvnds 37.500 48.334 (15A64) {926} 69,$44 Total Unrestricted funds 38,000 69,431 {1S,364) 574 92.641 Expendable endowment funds Za¢'s Trust Fun High Sher5ffs Fund 553,454 11,851 115,034> 120,427) 529,844 101,489 2,457 1A26 12.9541 102,418 Dalian Atkinson Legacy Fund 10,000 15,466 1763) 24,703 664.943 29,774 115.0341 1,426 124,1441 658,965 Page 23
SHROPSHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statement of funds (continued) Balance at 31 March 2025 Balance at 1 April 2024 TraTrsfers inlout Gainsl ILossesl Incorne Expenditure Restricted funds Employment costs Telford and Wfekin Grant McPhillips Consliuction Grant Wynne 14JS8 13,000 12N20) 24,938 16.047 116.0471 20,000 1.500 118,000) 12.000) 1.500 1458 $0.647 136.46n 12.0(10 26,438 Total of funds 717.301 149.762 166,86STr 124,1441 776,044 Endowed fvnds con8lst of three 5eparats (undB. Monies held in Za¢'s Trust to provide financial support to children and young people tho have a diagnosis of cancer and are in need The High Sheriffs, Fund is to provide financial support lo any person, or group of people in need, or organi5ation that works to relieve the needs in the Ceremonial county ol Shropshire, or any area outside of the ceremonial county ol Shropshile al the advisers, discretion. The Dalian Atkinson Legacy Fund aitns to provide equal opportunitses for young people aged five to 25, across Telford and Wiekin and suirourithng aleas. to participate in a range of sports- incluth'ng football. l endowment funds held by the Charity ale expendable. Restricted funds consist of Tellord and Wiekin Grant supports community and volunlary organisalions in addressing adult lonellness wthin the boiough M¢Phi1lips Constructions Gfant supports pfojecls aimed at strengthening communities by improvlng mental health, feducing social isolation, and promoting long-term well-being. The lunds held the restrided Employment costs fund relales to monies received throu Airband sponsorship towards the employment costs of the charity. Page 24
SHROPSHIRE COMMUNITY FOUNDATSON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. ststement of funds {¢ontiTruedl ststement of funds - prior year 8alan¢e at 31 March 2024 Balan at l April 2023 Gainsl {LossesJ Income Expenditure Unrestrictfjd funds Deslgnated funds Flowlhrough 15,500 (15.000) 5(X) General funds General Funds- all bmd8 8,747 45.287 (16,534) 37.500 Total Unrnstricted fund5 8,747 60. 787 (31.534) 58,000 Expendable endowment funds Zac's Trust Fund High Sheriffs Fund Dalian Atkinson Legacy Fund 518,097 85,579 11.546 75,910 70.000 (15,OOOJ 40,811 553,454 107,489 10.0 601,6T6 31,456 (15,0(AlJ 40,811 664,943 Restricted lunds Employment costs IIC Dinner 1.417 16.250 3,000 (3, 309) (3. 000) 14,358 1,417 19.250 (6, 309) 14,358 Total of fvnds 611,840 117,493 (52. 843) 40.871 717.301 Page 25
SHROI>SHIRE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 18. Analysis of net assets between fund5 Analysis of net assets between funds - CUTvent year Endowment Restricted Unrestrided funds funds lunds 2025 2025 2025 Total nds 2025 Tangible fixed assets Fixed asset investrnents Current assets Creditors due within one year 748 15,895 78,23 3 12.2151 638,570 18,39S 654,465 123,046 12.215) 26,438 Total 656,965 26,438 92,641 776,044 Anatysls of net assets belween knTrds - prior year Endowment fvnds 2024 Reslricted unstrICted fvnds funds 2024 2024 Total ds 2024 Fixed asset invesknents 553,454 111,489 553,454 165,173 {1,326) Current assets Creditors due wthin one year 14.358 39.326 (1,326) 14.358 38. 000 777,30t Total 664, 943 19. Related party transactions There were related party transactions during the year. A Harrrs, Tntstee, is the Chair of Trustees for 4 Al Foundation, which recieved a grant of £2,22812024.' £1,00011. There was no outstanding balance at the year end. S Graham, Trustee, is a Tnjstee for The Cavalier Centre, which Tedeved a an1 of £NIL12024'. £1,250). Thefe was no outstanding balance at the year end. Page 26