THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST STOIYE HOUSE LONDON ROAD UPPJNGHAM RUTLAND LEIS 9TJ FINANCIAL STATEMENTS FOR THE YEAR EIYDED SOMERBYS LIMITED CHARTEREDACCOUNTATr¥TS 30 NELSONSTREET EICESTER LEI 7BA THE THOMAS STANLEY SHIPMAN CHAR￿ABLE TRUST INDEX Charity Particulars Annual Report Auditor's Report Statement of Financial Activities io Balance Sheet Notes to the Financial Statements 12-17 THE THOMAS STANLEY SHIPMAN CIIARITABLE TRUST REGISTERED CHARITY NO: 21K1789 TTUSt¢es Mr H C Stev¢nsoD (Chllmall} MT P Doleman MrPBDmU￿aY Mr M T Ngwby S¢¢retary to the Trustees Mrs H Cast]e Bankers CAF Bank 25 Kings Hill Avenu¢ Kings Hill West Ma]ling Kent ME19 4JQ Stockbrokcrs Rethnayne Bentley LLP Venari House Rockingham Road Market Harborough Leicestershire LE16 7XY Auditor Somerbys Limited Chartered Accountsnts and Ststytory Auditor 30 Nelson StTeet Leic¢st¢r LEI 7BA THE THOMAS STANLEY SHtPMAN CHARITABLE TRUST ANNUAL REPORT YEAR ENDED 31 MAY 202S The Trnslees have ple&sure in PTes¢nting their report and financial statements for the year ended 31 May 2025. The financial statements have b¢¢ll prepared in accordance with the accounting policies set out in note l on pages 12 and 13 and comply with the Tn￿t'S governing documen( applicable law and the requirements of FRS 102, the Financial Reportlng Standard applicable in thc United Kingdom and the Republic of Ireland and"Accounling and Reporting by Chariti¢s", the Statement orR￿0mMendcd Prdcticc for Charities applying FRS 102. Structhr4 Governante and Management Governing Document The organisati4)n is a registred charity. which wa5 established on 31 August 1961 under a Deed of T￿￿t. Retrultment and Appolntment of the Trn8te Und¢T the requiren*nES of the Dee& the Ttwt shall have not less than three and not more than five Trust¢¢s. The Tn￿leeS should be persons who ihrough residence, occupation or emplo)In¢nt OT otherwise have S￿claI knowledge of th¢ City and County of Leicest¢r and of the wishes of the Settlor. They are selected for an indefinite peTii>d of seNice by resolution of the Tn￿te¢s. Trustees? Tnductlon 4nd TrtiinlllE Trustees mad¢ aware of their responsibilities at the time ot appointment and kept abrwl of change5 in charity law and any matters affecting the governance and &s￿ts of the Trust. Trustees, ReJponsibilities The Trustees are responsible for preparing the TTUSte¢s' Arniual Report and financial statements in accordance with applicabl¢ law and United Kingdom Ac¢ounting Standards (United Kingdom Generally Accq)led Ac¢ow)ting Practice). The law appltcable to charities in England & Wales requires the Trustees lo prepare financial statements for each financial year which give a trne and fair view of the state of affairs of the charity and of the income and expenditure of the chan'ty for that wiod. In prep￿ these financial statement5 the Trustees are r¢quir¢d to: select suitable a￿ountIng wlicies ¥md then apply th¢m wnsistently. obse￿¢ the methods and prittciples in the Clwiti¢s SORP 2019 (FRS 102)" make jud8em¢nts and estiTnates that are reasonabl¢ and prndent. State whether applicable accounting sthndards have been followed, subjecl to any Materi￿ deparths disclosed and explained in the financial stafrrnents.. prepare the fittancial statements on the going ¢on¢ern basis unless it is inappTOPTiate to presume that the charity will contltiue in op¢ration. THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST ANNUAL REPORT {continued) YEAR ENDED 31 MAY 2025 The Trustees are respO￿l￿1e for keeping proper a￿oUntIng Tecor&8 which disclose with reasonabl¢ a¢¢uracy at any time the fJDancial position of the rharity and them to ensure that the finan¢?al ststements comply with th¢ Charili&q Act 2011, the Charity (Aw)unts Reports) RegulatiorL8 2008 and the pmvisions of the TTUYt Deed. They are also r¢sponsible for safeguarding the assets of the charity and hen¢¢ for tskin8 rc&sonable steps for the prevention and detection of fraud and other irregularlties. org￿582110ll￿ Strlltture The day-to4ay activities of the Trust have been delegated to the Sccretary to the Trnstees. who also attends the mcctings of the Trnste¢8. although they have no voting rights. Two meetings ofthe Trustees have tsken place during the year. The names of the Trustees who h¢ld offic¢ during the year under revi¢w and up to the date of this report are set out on page l. There has been no change to the Board of TTU5tees since last year's report. Step5 are still in hand ty recruit a further Tn￿￿e at the earliest possible opp)Ttunity. Obje¢tives and Actlvities The principal aim of the Trust is lo distribut¢ the income for such charitsble pury0S￿ as the Tn￿tee8 may in their absolute discretion from time to time think fit. The objectives and activities have remained unchanged during the ye8r. The Tr￿￿teeS consider ihat the Trust has met its objwtive5 during ihe year. Investment Pollcy The T￿￿t continues to invest in stocks and share on th¢ advice of their stockbrokers. The returns duTing the year are considered to be satisfactory in the face of the lingering effects of the COVID pandemic, stagnanl growih in mwh of the worfd not being helped by wars in Ukraine and the Middl¢ East. The trustees believe Ihat &s th¢ portfolio is made up of high quality inv¢sim¢nts the portfolio in the longer tern) will continue to provide copitsl grovlth and a rising income. The Trustees Intend that the real value of the assets be maintained and enhanced overthe long term. Abalanced approach bthveen income and capital has, therefore, been adopted. They wish to maintain the Capital value of the investsnent fi￿d$ at least in line with inflation, whilst providing adequate income to meet the Trust's charitable objectives. The Stockbrokers ar¢. therefore, requested to invest in a diversified portfolio, comprising equities, r￿ed interest stocks and ash. Th¢ Trustees adopt a m(Kler&te Tisk investment strategy and do nol comn)it to any underwritin8 or similar obligations. The Trustees also do nol wish ony one investment to represent more than a reasonable percentage of the overall value of the investment funds. At the yearwend only four investments had a value greater than 50/0 of the lotsl, the Iwo larg￿t representing around 8.7 /0 and 7.30/0 respectively of the portfolio (note 7), a posltion which is regularly reviewed, together with the remainder of the contents of the portfolios, in conjunction with the Stockbroker and action taken wh¢r¢ appropriate. THE THOMAS STANLEY SHIPMAI¥4 CHARITABLE TRUST ANNUAL REPORT (¢ontinued) YEAR ENDED 31 MAY 2025 Reserves Pomcy It is the policy of the Trnstees to maintain ￿n￿StTl¢¢ed funds, which in¢lude the free rcscryes of thc Trust, at a level. which, in the event of a significant fall in income, would provide sufficient funds to meet the on-going operating expenditure. At the present time the free reserves are considerably in excess of such expenditure. Ihe Trustees are, however, mindfid of their responsibilities and regularly review the Man￿￿ in which the avafftlable fun(ts may bc applied in furtheraTKC of the ch8ritsble objectives of the Trust. Grant Maldng Polky The Trust receives applications for grants. which are considered by the TruSt￿S at their meetings, having regard to the provisions of the Trnst Deed. It is the Primary aim of the Trustees to provide assistance for the relief of poverty and general charitable puryoses for tbe benefit of residents of the City and County of Leicester. Gr•nts Donations during the year to charitable organisations totalled £69,750 Compar￿ with £26,500 in the previous year. The Trustees are encourd8ed by the level of requests for grants and th¢ Clwities web site conlinues to draw applications which is helping the Trustees to distribute a¢¢umulated illcome. Public Benefit The TnLgt¢¢s confim) that have Tere￿ed to the guidance contsin¢d in the Clwity Commission's genernl guidance on public benefit when reviewing the TTUSt's aims and objectives and in the planning of future activiti¢s. Flnandal Review The statem¢nt of financial aclivilies on page 10 shows net expendittwe for th¢ year, before othu r¢¢ogDised gains and losses, of £23,715 compared with net income of £8,002 for the previous year. Totsl income increased marginally from £54.671 to £65.065, given the prevailing climat¢ this is considered io ￿ more than reasonable. Total ¢XFfflditure increased overall, in¢reasing frlrn £46.669 to £88,780, incrw¢ in charitable distributions of £43,250 being partly otTset by a small decrease in admiIllstsxtion cosls of£i.475. There & increase during the year on the capitsl fund of £16,048 c(Jmprising net r¢alised loss of £24,609 on the sale of investsnents and net unrealised gains of £38,698 arising on the revaluation of investments at balance sheet date, compared with net realised gains of £691 and net unrealised gains of £32,363 in 2024. At the end of the year the capitsl fimd stood at £859,795 represented by listed investments at market value of £844,382 and un-invested Cash being £15.413. Unrestricted income funds. meanwhile, were £561.541 comprising listed investments at njarket value of £487.673 and net current assets of £73,868. Other recognised gains and losses in unrestricted Incon￿ fimds during th¢ year comprised of net unrealised gains of £37,872 arising on the revaluation of investments and rea]is¢d losses of £1,202 on disposal of inv¢stsnents. ¢(xnpared with nel realised gains of £nil and net unrealised gains of £16,987 in 2024. The Trustees contittue to monitor unresttictrd funds and constantly review the manner iti which the￿ will bc us¢d. In the opinion of the Tn￿te¢s. th¢ Trust will have adequate cash resources available to finance its operAtions and to meet its obligations throughout the whole of the cutrent financial year THE THOMAS STANLEY SHIPMA]Y CHARITABLE TRUST AI¥NUAL REPORT {conthiued) YLIR ENDED 31 MAY 21)25 Investments As perniitted by th¢ TThsi Deed. monies can be invested in the pwchase of stocks, shares, fund4 se¢uri¢i¢s or i)tIKr investments at the absolut¢ discretion ofthe Trust¢¢s. who have givcn the investmo]I ￿￿￿gerS diwretion to manage the rtfolio wiihin an agreed risk profile. A8 in the pasL the investments have been reviewed in conju￿tion with th¢ Stockbrokers on a regular basis. At th¢ end of th¢ financial yvar the mark¢t value of th¢ investment portfolio was £1,332,055 ¢x¢luding any un-invested cash, compared with £1.331,714 a year earlier. As previously mentione¢ there were net losses on the sale of investments of £25,811 and a net unrealiscd revaluation incTease of £76.570 compared with net realised gains of £691 and * net unffalised revaluation gain of £49,350 in 2024. The trnstees were satisfied with the progress and str• of the portfolio during the year under revi¢w and r¢main optimistic for the future growth of the Sca￿lI1eS which make up the Charity's portfolio. The Trustees remain confident that the portfolio can stsnd mark¢t volatility and that the Tn￿te¢S have 4dequat¢ resources to cover market vOl￿111ty and enable rwonable lo be made. Rlsk Management The Trustees continue t(> as8¢SS th¢ major risks to which the TTWt is exposed and are satisfied that systems are in place to mitigate exposure to these risks. Futhre Pl4h$ The Trustees intend to continue with current distribution polRcies in line with the provisions of the T￿￿t Deed, their obligations for public benefit and charity law. They do not anticipate any changes in their investment or reserves policies or in their activities and objective Members of the Trust Members of Ihe Trust, who are the Trustees for Ihe purp0$¢5 of charity law, who s¢rva during ihe year and up to the date of this report are set out on page l. THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST ANNUAL REPORT (continued) YEAR ENDED 31 MAY 2025 Advi*rs The Trustees wish to record their thanks to all of our prof¢&8ional advisers, who are listed on page I, for their help and advice througb(MJt the year. Thes¢ fittancial statements were approved by the TTUStees on 24 March 2026 and Si￿ed on theiT behalf by: k ste v84Jo Hugh èvenson (Mar 24, 2026 14.03..59 GMTI H C Stevenson Cholrman 24 March 2026 THE THOMAS STANLEY SHIPMAN CHARfTABiE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MAY 2025 Oplnion Wc have audited the fina￿18] statements of The Thomas Stanley Shipman ChaTitable TTUSt (the 'chazity') for the year ended 31 May 2025 which Comprise the Statement of Financial Activities. the Balance Sheet and notes ¢0 the fman¢ial statements, including significant acwunting ￿lIcIes. The financi￿ rq)orting framework that has been applicd in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. Th¢ Financial Re￿tIllg Standard applicable in the UK and Republic of Ireland (United Kingdom Generdlly Accepted Accounting Ptxctice). In our opinion the rjnancial statements: give a true and fatr view of the state of the charity's affairs as al 31 May 2025, and of its in¢iMning r¢50urces atsj application of resources includin8 It's income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally A￿¢pIed Ac¢ounting Practic¢; and hav¢ be¢n prepar&A in accordance with the rquirements of the Charities Act 2011. Basis for opinion We Cond￿ted our audit in accoTdance with tnternattonal Standarort that fact. We have nothing to report in this regard. Matters on whlcb we are requlred to report by exceptio We hAve nothing to report in respect of the following matters in relation to which th¢ Charitie8 (Accounts and Reports) R¢gulations 2008 require us to r¢port to you if, in our opinion: the infornyation given in the trustee's report is inconsistent in any material respect with the tnist¢e8 repoi( or sufficient accountin8 ￿OrdS have not been kepl or the financial statements are not in agreement with the accountln8 records" or w¢ hav¢ not re¢eived all the infrlrn￿tion atxl explanations we require for OUT audit. Responsibilities of trwtees As explain￿ more fully in the trustees. responsibiliti¢S Statement set out on page 2, the trust¢es are responsible for the preparation of financial slatemenls and for being satisfied that they give a tru¢ alid fair view, and for such internal control as the tswtees deterniine is necessary to enable the preparation of financial statements that ate free from ma￿181 misstatem¢nL whether due ￿ ftaud or eJTOr. In preparing the financial sthtemenls, the iTUStees are responsible for assessing the Charity's ability lo u)ntinue as a going ncem, disc105ing. as applicable, matters related to gotng conc¢rn and using the going concern basis of accounting unless the I￿￿tee8 either intend to liquidate the charity or to operdtions, or have no realistic ahernative but to do so. Audilor's responsibllltfies for the audlt of the financiwl Jtatements We have appointed as auditor under section 145 of the ChaTities Act 2011 and r¢port in accordance with the Acl and relevant regulations made or having effect th¢r¢under. Our obj¢div¢s are to obtain re&sonable &8surance aboutwhether the financial statements as a whole are free fn)m nJateTial misstatement, whether due to fraud or error. and lo issuean auditor's report thatincludesouropinion. Re&sonable assurance is a higb l¢v¢l of assurance, but is not a guaranteethat an audit conducted in accordance wlth ISAS (UK) ￿ryI1 always detect a malerial misstatejnent wh¢n it exists. Misstatements can atise fn)m fraud OT ￿rOr and aTe considered material if, indivithially or in the aggregate, they Could T￿OrtablY be ex[rtt￿ to infiu¢nc¢ the economic decisions of Use￿ tsken on the basis of these fu￿￿la1 stst¢m¢nts. The extent to which our proc¢dur¢s are capable of detecting irregulaTities, including frau￿ is detailed below. The risk of not detecting a ma*rial misstatement resulting from error is considered to be low. The tisk of not detecting a maÉeria] misstatement resulting from fraud is higher, as fraud may involve Collusion, forgery. intentional (pmissions. misrepresentations, or the oveThide of internal controls. THE THOMAS STANLEY SHIPMAN CHAR￿ABLE TRUST INDEPEI4DENT AUD￿OR's REPORT TO THE TRUSTEES (tollthiued) YEAR ENDED 31 MAY 2025 In the context of The Thonw Sianley Shipman Clwitable Ttusl. we have not identified any specific laws and Tegulations oth¢r than general comrnercial laws and regulalioDS such as.. Charitics Act 2011. Clwlty Commission guidan¢¢" FATCA. and GDPR. In response to the audit risk8 identified, we have undertaken the following procedur¢s: Enquiry of tnjstees to identify any inslan¢¢s of nonvcompliance with laws and regulations. Enquiry of trust¢es of actual andlor potential litigation and claims. Enquiry of tn￿teeS to identify any subsequent events tha¢ hav¢ ￿CUrred after the year end relating lo this financial perio Reviewing legal expenses during and after the year end for ¢viden¢¢ of nonvcompliaoce with laws and regulatio￿. Reviewing financial staternent disclosures and testing to supporting documentation to assess compliance with applicable laws and Tegulations. Auditing the risk of management override of controls. including through testing journal entries and other adjustmenls for appropriatenes5, and evaluation of the rationale of any significant transactions falling outside the norn￿] cows¢ of activities. A further description of our responsibilities for the audit of the financial statements is locaied on the Financial Rep)rting Council's w¢bsite at.. www.frc.org.uklauditors/audit-assuran¢e4hicslauditorswTesponsibilities-for-th¢-audit. This description fornis part of our auditor's report. Use of OUT Report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Acwunts and Reports) Regulalions 21M)8. Our aud2t Work has been und¢rtaken so that we might stat to the chariry's mLStees those matters we are required to state lo them ID an auditor's repjrt and for no other pu￿Se. To the fiillest extent perniitted by law, we do not accepl or assum¢ r¢s￿IbIlIty to anyone oihcr than the charity and the charity's tr￿stee$ as a b)dy, for our audil work. for this report, or for the opinions we have fomied. SOMERBYS LIMITED CRwtered AccountaDts and Statutory Auditor 30 N¢lson Street Leicester LEI 7BA 2y- LI￿ 2076 SDmetbp Limitffdts eligible to rxudltorlrt tern￿ 0￿￿tIl0￿ 1212oféhe CirytsniesAct THE ThOMAS STANLEY SHIPMAN CHARITABLE TRUST io STATEMENT OF FINANCIAL ACTIvrriES YEAR ENDED 31 MAY 202S 2025 2024 Unr¢stricled Endown¢nt Unrcstricted Endowment Note Incomc Income IncoJDe from: tnvestsnents 57.101 1,959 53,220 1,451 Interest received 1.005 5,IXIO Volwilary income Total in¢ome 63,106 1,959 54,671 Expendlture on: Raising funds 6.647 6.431 Charitable athiTriti¢s'. Qrants Management and administralion of tbe charity 69,750 26.500 8.303 4,080 9,778 3.960 Totsl expendlture 88.780 46,669 Net income/(expenditure) for the year (25,674} 1.959 8.￿2 Other refogDi5ed galns and losses Gain8 1 (losses) on investments: Realised Unrealis¢d (1,202) 37,872 (24.609) 38.698 691 32.363 16,987 Net movement in fuDds 10.996 16,048 24,989 33,054 Balance broU￿t forward at l June 2024 £550.545 £843,747 £525,556 £810,693 Balance earried forward *t 31 May 2025 £561.541 £859.795 £550,545 £843,747 The above fill￿S are all unT¢stricted. ThE THOMAS STANLEY SHIPMAN CHAIUTABLE TRUST ij BALANCE SHEET AT 31 MAY 2025 Total 2025 Total 2024 Note Ill¢ome Ffixed assets Listed investments 487,673 844382 1,332,055 1,331,714 Current Assets Cash at bank and on deposit 76J68 15.413 91.781 65,078 Current Il*bllltles Creditors: amounts falling du¢ within one year {2.500) (2,5(M)) {2.51X)) Net current assets 73.868 15,413 89,282 62,578 £561,541 £859.795 £1,421.336 £1.394,292 Illcon￿ account io 561.541 561,541 550,545 Capitsl 2¢¢ount 859,795 859.795 843.747 £561,541 £859,795 £1.421.336 £1.394,292 Approved by the Board of Trustees on 24 March 2026 and si8ned on its behalf by: Hugh enson (Mar 24, 2026 14.'03'.59 GMTI H C Sleven50n Chairman 24 March 2026 The notes on pages 12 to 17 forni part of tbese finaDcial statements THE THOMAS STAIYLEY SHtPMAN CIWUTABLE TRUST 12 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2025 Ac¢ouDting policie The Financial Statements bav¢ been prepared in accordancc with the Ttust's governing document. the Charities A¢t 2011 and"Accounting and Reporting by Ch8Sities", the StrtrM￿t of Recommended Practice applicable to ch￿l(l¢S prcpaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102. effective l January 2019). The Trust is a Publi¢ B¢n¢fit Entity, &8 defined by FRS 102. The Trust has taken advantage of the provisions in the SORP not to prepa￿ a Statement of Cash Flows. The Financial Stakmentshave departed from th¢ ChaTities (AccOunts￿d Reports) Regul&tions 2008 only to the extent r¢quir¢d to provide a true and fair view. This departure has involved following the SORP for charities applying FRS 102 rather than the v¢rsii)n of the SORP which is referred to in the Regulations and which has since be¢n withdrnwn. The Financial Statements are prepared on a going concern basis under th¢ histOTical cost convention. m(Klifi¢d to include certain items at fair value: they are presentrd in St¢rling* the functional Currency of the Tn]st, monetsry amowits being rounded to the nearest £. The principal accountingpolicies adopted which h8v¢been ¢onsistentlyapplied toall years pr¢s¢nted unless otheTrvis¢ sW¢d. aff set out below. There hav¢ been no changes to accounting estimat¢s during the reporting perio 1.1 Grants Grants payable are included on aj) acC￿￿S basi8 in reSp￿t of when they are due lo be paid. 1.2 Investment in¢ome Income from investments and interest on deposits are included in the accounls when credited or due to be received. 1.3 Voluntsry income Voluntary income is accounted for on a Teceipts basis. 1.4 Expendfiture Expenditure is recognised on an ￿¢n￿lS basis as & liability is incurred. Expendityre includes VAT wkncb cannot k r¢cov¢red by the Tntst and is reported a5 part of the expenditure to which it relates. Raising funds comprises costs of generating investment income. Man&gement and adminlstration ofthe charity includes the costs incuTTed by the Tn￿t in the delivery of its activities for its ben¢fi¢1￿1es. Governance relates to the costs associated with meeting the Constitution￿ and stathtory obligations ofthe Tn￿t. All costs are all￿ted between the various classes of expenditure iti the Statement of FirAanoial Activities on a &C￿al basis. THE THOMAS STANLEY SHIPMAN CHARfrABLE TRUST 13 NOTES TO THE FINANCIAL sTATEmE￿s (continued) YEAR ENDED 31 MAY 2025 1.5 Investments Invesirnents are stated at mwket valu¢ at the balance sheet date. Any gains or losse5 on Tevaluation are taken to the Ststement of Fin8ncial Aciivities. cU￿ent assets includes cash dqyosils and th8h equivalents with a maturity of less than one year. 1.6 Debtors and eredltors receivable I p•yAble FAthlD one year Debtors and creditors WAth no sta*d interest rate and receivable or payablc within one year are recorded at transaction price. Any losses arising from impairnient are recognised in ¢xp¢nditure. 1.7 Income ￿ndS Income funds represent the unr¢stii¢t¢d income and expenditLWC of the Trust. 1.8 De5ign¥ted funds Amounts that the Tn￿tee5 have identified to be paid at a fiiture dat are set aside into designated fimds. These are not disclosed separntely in th¢ accounts but fomi part of the unrestricted ￿nds. 1.9 Endowment funds Endowrn¢nt finths represent those assets which are held on a long-lernib&sis bYtheTn￿t.prirn8rIIY invesiments. Jncome arising on the endowment fimds can be used in accordance with the objectives of the Trust and included as untEstTi¢ted income. 1.10 ￿nIn¢141 Instruments The Tn￿1 has elected io apply the provi8ions of Section I I "Basic Financial Instrwnents" and Section 12'Thher Financial JnstTument Issues" of FRS 102 to all of its financial instnmients. Financial instnmients are reCo￿ls¢d in iheTrust'sbalance sheetwhen theTrustb¢¢omespartyto the contraclual provisions of the ins¢nunenL Financial assets and liabilities are offs¢L with the net omounts presented In the financial statements, when there is a legally e￿fO￿eab1e rigbt to set off Ihe re¢ognised amounts and there is an intention to settle on a net basis or to reall.se the asset and settle the liability simultsneously. 1.1 l Tax*tion The Tn￿ is a registered ch￿lty and is exempt from tsxation on its incijme 8nd capital gains. Voluntary iDcome 2025 £5,IKIO 2024 Donations ExpeDditur¢ on ralslng funds 2025 £6,647 2024 Portfolio matthgement fees £6.431 THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST 14 NOTES TO THE FINANCIAL STATEMKNfs (continued) YEAR ENDED 31 MAY 2025 Grants 2025 2024 Donv¢tions (see analysis) Grants to indiv1th￿l$ administered by Leicestw ChaTity Link 59,250 10,500 26.500 £69,750 £26.500 Grants- (tonthiued) Donations 2025 2024 Dogs for Autism Fotward Thinking Movement Rainbows Hospice for Children & Young People John Heggs Batss Charity For Convalescents Leicestershire. Leicester and Rutland H¢adway Asthma UK Age UK Guide Dogs for the Blind Association Air Ambulance Attenknrough Arts Centre - University of L¢i¢ester Bodie Hodges Foundation Leicester Children's Hol￿8 Vista 25,000 5,000 2,500 2.000 2,000 2,500 2,0(Kl 2.OIMI 1.5(Kl 1,5(M) 1,0 1.000 British Rowing Charity Children's Cancer and Leukaemia Spinal Injuries Society British Wireless for Blind PDSA Family Holiday Charity School Readers 750 500 750 500 500 500 Bereavement Support Appeals Canine Partners Elizabeth Heyrick Society Go Beyond Charity Greenhouse Sports Independent Age Fundraising Leicest¢r LGBT Centr¢ Newlifr Royal Voluntary SeTvice Sunny Skles ErIte￿ise Wesley Hall Community 51x1 5(M) 500 500 500 500 500 500 500 500 500 THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST Is NOTES TO ThE FINANCIAL STATEMENtS (contitiued) YEAR ENDED 31 MAY 2025 Grants- Hope Against Cancer Sensc Hub Lougbborougb Ratby Co-operative Band Bradgate Park Tn￿t 2,500 2.500 Love 4 Life On Course Foundation I,O(K) RN Samaritans of Leicester Carers UK 750 Caudwell Children 750 Gaulby Group PCC Hourglass Rutland Ospreys Future Fund 750 750 750 500 Toys On The Table Willow 500 500 £59.250 £26,500 It is the policy of th¢ Tnlstees nol to dTrsClo￿ d¢tails of grants to individual5. Man4gement and administrAtlon of the charity 2025 2024 8,￿)0 1,778 Distribution and administTation expenses Offi¢¢ expenses Bank ¢harges 243 60 £8J03 £9.778 All of the atrt)ve support costs have been allocated to charilable activities. Governance 2025 2024 Audit fee 1.836 2244 1,800 2.160 Accounts fee £4,080 £3.960 THE THOMAS sTA1￿y SHIPMAN CHARITABLE TRUST 16 NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2025 Fix¢d *ssets Total 2025 Total 2024 Income Listed Investments Marlot value at l 2024 Additions Disposal proceeds Net realised gains l Oosses) Net uDwlised gains l (loss¢s) 465,731 9,656 (24,384) (1,202) 37,872 865,983 12,349 {48.039) (24,609) 38.698 1.331,714 22,￿5 (72.423) {25,811) 76,570 1,258,979 31275 (8,581) 691 49,350 M*rket value AS At 31 May 2025 £487.673 £844,382 £1.331055 £1,331,714 Historical cost 95 at 31 May 2025 £300,951 £694,338 £995289 £1.068.857 The Tn￿tee5 consider that there were fow material holdings at th¢ year￿. Market Value Law Debenture Ci)Tpora¢ion plc- 5p ordinary J P MorgaD Funds Limited - US Equity Income C2 Blackrock Fund Managers LimI￿d- Continental European Income D Astrazeneca plc- USSO.25 OTdinary £120.250 £101,173 £89.952 £85.760 Cash at bank and on dep05lt Total 2025 Total 2024 Income Kedmayne Bentley HSBC aurent account 44,983 13252 58.235 10,917 33,260 329 HSBC deposit account 31,385 1161 33,546 3.750 16,822 Market Harborough Building Society £76.368 £15,413 £91.781 £65,078 THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST 17 NOTES TO THE FINANCIAL STATEMEI¥TS {conllDued) YEAR ENDED 31 MAY 2025 Creditors 202 2024 Ac¢rned expens¢s £2.500 £2.5(M) £2.500 £2,51KI io. Trustees remuneratlon No Trust¢e w&s paid any remuneration during the year. TTUSt¢¢ ¢xpenses reimbursed totailed £243 (2024- £nil) during the year. ii. Related party transactlons Mr P B D Murray, a TTUSte¢ of this charity, manages the Market Harborough office of Rethnayne Bentley LLP. the stockbroker for ihe Charity. During th¢ y¢ar portfolio management fees of £6.647 (2024 £6.431) were charged by Rthayne Beniley LLP to th¢ TwsL Mr P B D Murray is a Trustee of The Thomlls Stanley Shipman Charitable Trust. During the year. the Tntst provided a grant of £2,1>1)0 (2Q24 £2,000) to John Heggs Bates Charity For Conval¢scent4 a charity in which Mr P B D Murray is a current Tntstee. Mr Murray declared his interests and took no part in the decision to make the awards.