CHARtrY NUMBER 221927
SHERIFFS. & RECORDER'S FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 PIARCH 2025
JCA Accountants
12 Bramble Rise
Cobham
Surrey KT112HP

SHERIFFS. & RECORDER'S FUND
CONTENTS PAGE
YEAR ENDED 31 MARCH 2025
cop¥rEKrs
PAGE
Generdl information
Amnual Report Of￿ Trustees
Indgpendenl E¥8minerfs R8Fth to the Trnstees
Slatemgnt of finan(Yal actNities
Balance sheet
Notes to the finanoal statements
8-16

SHERIFFS & RECORDER'S FUND
GENERAL IP4FORMATION
Reglstered Charfty name
SheTrlts' & ReC￿etr5 Fund
Charity numbèr
221927
Trustèès
Hilary. Lady Russel- Chatf
Jonathan Bewes
Alastair C(Alett- Honorary Solicttor
Kate Fenwek
William Makower
Chris Thcrfnas- HorKJrary Treasurer
Pregid•nts
Aldem)8n Sheriff Grewry Jones
Sheriff DavKI Chalk
Vlce Pmident
HHJ Mark Lucraft KC. The Recorder of London
Advisory Council
Trish Atsjams {London PrO￿tIon Service)
Davi(J Barrett
Hannah Constantin￿1
Reverend Jo Davies
Penrose Halson
exarvjra HayKdrd
Elspeth Hughes-Penney
Glenn HuTStfiekl
Gary Laroley
Nikki Meinertzhagen
Emma Reddiffe
HH Peter RrKJk KC
Indepandent Examlngr
JCA Accountants
12 Br3rnble Rise
Cobharn
Surrey
KT11 2HP
Bankprs
Bar*s Bank PIC
Investment managers
Rathtry)ne Investment Management LFmtte(J
8 Finsbury Cinxhs
LoTh*)n EC2M 7AZ

SHERIFFS. & RECORDER'S FUND
ANNUAL REPORT OF THE TRUSTEES
YEAR ENDED 31 IAARCH 2025
The TTUStees present their re￿rt and the fwncyal slatem8nts of ts Charity for the year ended
31 March 2025.
REFERENCE AND ADMINISTRATIVE DEfAILS
Refe￿nGe and administrative detsifs are shown in the of gonwal Inf￿lion on page 1 of the
financsal statements.
THE TRUSTEES
The Trustees who served the Chanty during the year a￿ Sho￿ on page 1.
STrUCTURE, GOVERNANCE AND MANAGEMENT
Governing documenl
The Charity is COntr￿led by its goveming dccumenL a deed of tDJsl dated 17 February 1981 las
amervjedl. and ￿nsIrtUted as an Unir￿￿p0rated Charity.
The rules ofthe Charity were most re￿ty updat&J ¢XE 16 Juty 2012.
Rl$k managgment
The Tnjstees have a duty to identify 8nd ￿V￿W Ihe risks to whith th8 Charity is exrx)sed and to ensure
eppropriale contro[5 are in place to wowde reasonabk assu[ar￿ againsi fraud and effor.
The Trustees have impl￿nented a risk management strategy whth
an annual review of the ri%ks which the Charity may fa
the eslablishment of systems and proce(Jures to mibgale those risks vknich indude the approval
of all purchase inv￿ceS by a Tnjstee prior to payment. All cheques over £500 are signed by a
Trusts8
the imptem8ntsts.on of prrKedures d8sigwJ to minimise any poten￿al impact of Ihe risks on the
Charity should any of those risks materialis8
the Fund has an Advtsory Counal wh￿h n￿ts Itffee times a year and which acts as support to
the Trustees
the Fund's investments are managed by a fwm of professional investment Manage￿ and
oversegn by the Trustees who regu18ty meet wilh the inveslment managers.
Ra¢rultm•nt and Tralnlng ol Trustees
The Charivs Trustees and Adwsory Counal are e18Cted at the Annual General MeetiThJ each ye8r.
They are selgctsd on Ihe basis of Ihw el¥ibility. Fwsonaj (thnpelenc* aThJ sk)8cFalist sklSs.
OBJECTIVES AND ACTMTIES
The objectives of the Charity are lo provKle supFx)rt to those on probation and to the families of serving
prisoners in the G￿ater metrop￿tIon Area of L0ndc￿. This indudes educational skills and traini￿ for
serving prisoners and prisoTr leavefs. AJI granis are made through the WObati￿ seNice. or through
social ￿rkers. or other tharitsb￿ organisations.
Public Benefrt
The objects of the Chartty ale lo improve Ihe Pro$￿ and Op￿rtaInl￿8$ of leavws within the
G￿ater Metropolitan Area of London. This is achieved by making grantsto assist individuals into settling
back into socrety.
The Chanty has complied with sedton 145lb} of tho Charittes Act 2011 to have due regard lo the
guidance published by the Charities CoThiission.
Grant maklng pollcy
Thg Charity helps to reduce re-offending by makNvJ grants for education and training. lcds of Iradg,
dothing and household equipment lo pris(￿ leavers. The Chanty also gives to families of serving
prisoners. pn"m8rity to enable thiklren to ￿nnect *ilh thsir parent whdst that ￿nI is in prison.

SHERIFFS. & RECORDER'S FUND
ANNUAL REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
A summary of the finanoal resuHs arKt Work of the Charity is sel OLrt below.
During the year the CharÈty made a totsl of 1.240 graEts12024- 1.224} amounting to £308,871 {2024-
£283,723)..
2025
2025
2024
2024
Individuals
Projects
1231
242.351
1.219
235,223
48.5
1.240
308.871
1,224
283.723
2025
2025
2024
2024
HousehrAd 8quipmwl
Clothing
Education & training
Tools of trade
Olhers
98,641
104.99T
44,356
17.857
43.020
92,356
99,644
68.243
11,480
12,000
655
97
63
81
1.240
308.871
1.224
283.723
The number of grants made to individuals of 1.231 {2024 - 1.2191 increased by 1%, whilst the total
value of those grants was 3% higher than the prevwyjs year. (￿erall. the average grant to individuals
increas&J from £193 in 2024 10 £197 in 2025.
Donated Services
The City of London Corporation provides the use of Offi￿ accommtxlab.cffj and services, light and heat
free of chargè. The value of these serV￿S is difficu￿ to quanb.fy and therefo￿ ha$ not been indud&J
in the Statement of Financial Acbwb"es.
Plans for Futurg Periods
The Tnjstees aim to maintsin the Oicies whth enab￿ the Charity to apply all donated inujme arKI
income from fundraising events to granis and the funding ol rehabilitation projects.
Rg90ryos Polley
The Trustees aim to maintsin free reserves in unr8slricled funds order to facililatg thg maintenan¢è
of Charity's investmeni porttollc6 at 8 level Ihat wtll enatrAe it to generate rebJms suffiuent to cover
its running (x)sts arml to fund all eligibk ￿ant applKations.
Investment policy
The Trustees are mindftjl of the sc¢i8f and envifonmentsl impacts of the Compani￿ in %thich the Fu
is invested and. in appointlng the Investrnent Manager. the Trustees have delegated full investment
iscretion on the basis that the Investment Manager has an aL*"ve polKy and s81 of procedures with
regards lo Environmental. Social and Govwnance issues. The Tr￿$ expecl the Investment Manager
to discharge its dub.es on beham ol the Fund a way that ￿fIec1S the Trustees, desire lor thè Fund to
be seen as a responsitAe and ethical asset owner. The Trustees seek to thiri from investrng directty
las opposed to through colkntiv8 Thiestrnent vehides) in ￿mpanIeS tt￿1 a￿ wholty or mainly involv&
in the manLrf8ctU￿ or production of duster Mun[h￿S. thernial coal, ￿Mograp￿.¢ material or gambling.

SHERIFF5' & REGORDER'S FUND
ANNUAL REPORT OF ThE TRUSTEES
YEAR ENDED 31 IAARCH 2025
FINANCIAL REVIEW
The Charity has a pernianent en(knwmenl of £56,408 aFKI fystricte(F funds of £22.313. All other reseryes
amounting lo £1.699.86512024- £1.718,493) are unrestricied for use in accordan¢e with the charitable
objectives of the Charity. In the yearlo 31 Marth 2025. Ihe Charity recorded a surplus of £23,66412024
£55,11418fter tsking into account exceptsonal other in￿rne of £21.564 (note 6 to the financial
statements refers) and nèt losses on investments of £20.36812024- £14.589 gains).
STATEMENT OF TRUSTEES, RESPONSIBILMES
The TTUStees are responsible for weparing the Annual Repcfft of the Trustees and the finarrial
statements in a(￿rda￿e wslh applutrAe law and regulations and United lQrwJdom Accounts"ng
Standards (United Kingdom Gener￿ty Accepted ALxxyJnkn"ng Praclicel.
The law apFAicable to ¢haribes in England and wa￿ requires Ihe TnJste8s to prepare finanaal
statements for each financial year which give a true and fair view of the state of affairs of tre Charity
and ol the incoming ￿$0￿1¢e$ and application of r￿urCeS of the Charity for that year. In preparing
these financial ststements, the Trustees are required lo."
seiect suitable accounting pol￿10$ 8nd then appty them consistenlly:
observe the methods and winc*s In the Chaiibes SORP:
make judgements and aeccojnting estimales lJ)at are reast￿ble a￿1 prLMiert
prepare the finanaal ststements on the going con(*m basis urkn it is inappropri*e lo presume
that the Ch81ity wll continue in operati￿.
The Twstees are responsible for keeping proper aTr))unling records Ihat dBdose with ￿asonable
accuracy at any llme the financial p￿illon of the Chanty and enat4e them to ensure that the financial
statements ¢omply ￿th the Charities Ad 2011. the Ch8nty IAccc4Jnts and Reports) Regulations 2008
and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the
Charity and hence for taking reasonat4e steps for thè prevention and detection of fraud and other
irregularities.
INDEPENDENT EXAMINER
JCA Accountants will be protA)sed ￿ re4ppointinenl as irwjep￿￿￿t examiner for the ensuing year at
Ihe nexl Annual General Meetiry lo hehy at a ¢Jale yel to be amM)unc£d.
Signed on behaff of the Trustees".
Lady R
Chair
Date.. 23 June 2025

￿￿?￿ndont Examlnèvs Report On
The Accounts (Acrnials Ac¢ounts)
Rek￿ to the trustees of
The Sheriffs. & Re￿)￿je￿$ Fut¥J
Charity Nufflber.. 221927
On accounts for the year
8nded
31 k18rch 2025
Set out on pages
6t0 16
Respective responsibilities The Charity's Trustees are resPr￿￿1b1e for the preparatx)n of the accounts. The
of trustees and examiner
Charitys Trustees consider that an audit is not required for this year (under section
14412) of the Ch*ilies Ad2011 {the 2011 Acll) and that an independent examination
is needed.
Et is my resFwsiblty to
examine the a(tDunts urKler secbon 145 of the 2011 Act,
to folk)w the procthres laid down in the ger¢erdl Directions given by the
Charity ComMiss￿n urKler seclion 14I51{bl of the 2011 Act. arKI
to sL7te whether part￿￿lar matters have come to my attention.
Basls of Ind•￿nd8Tht
examiner's ststement
y &xamination ca￿le(l ¢xrt in acc￿*d￿ with gener81 Dlwth)ns ￿Ven by the
Charity CommissK)n. examination inclLKles a revFew of the a(wuntsng records kept
by the tharity and a comparison of the 8c¢ounts presented with those records. 11 also
indudes a)nsideration of any unusual items or disdosures in the a￿UnIS and
seeking explanations from the trustees conceming any such matters. The prOcedu￿S
undertaken do not provi(le al the evtden¢8 that wtsuld be tsquired in an audit, and
)nsequenty no opinion is gNen as to whether the accounts wesent a 'lrue and fair
view and Ihe report is knmited lo those matters set out in the ststement below.
Ind•p•nd•nt oxamln*rf¥
statement
In Ix)nnectv)n WTlh my examination. no matter has come to my attenlN)n.'
{1)
which gNes me reasoftable to ￿leVe thaL in any material
respect. the ￿ul￿eMents..
k) keep &tounting re(x¥th in a(wrdan(E wtih 5ecfiQ￿ 130 of Ihe 2011
Act, and
tr) p￿pare ac(xwnts Vth￿h acclxd with the at￿￿nting reo)rds and
comply with Ihe accoLFnling reollrements cf the 2011 Act
h8ve not been meL c
to whith, in my o￿nN)n, attention shoukj be drawn in order to ena￿e a
Pro￿ w￿￿landing of the aLtxyJnts to be reaGhed.
12)
Signed
D*e. 23 June 2025
Name: Ja￿le Crouch
Rolevant professional
quallflcatlon or body
A5SLxiakn of Ar￿Unting Tethn￿ar
Address
12 B?mble Rise
Cobhaln
Surrey
KT112HP

SHERJFFS. & RECORDEifs FUND
STATEMENT OF FIP4ANCL4L ACTMfiES
YEAR ENDED 31 AIARCH 2025
Totsl
Funds
2025
Totsl
Funds
2024
Unrestricted Restrictsd Investrnent
funds
funds
fund
INCOME
Income from..
Donations and ￿cleS
Fundraising activrties
Income frotn irwestments
Other inojme
195.154
160,8S9 14234
46,957
21.564
195,154
175,093
46.957
21,564
197,253
97,598
55,584
35.121
TOTAL INCOME
424.534
14.234
438,768
385,556
EXPENDITURE
Expenditure on..
RaSsing fvjnds
Charitable acbvilies
Other
17,6271
{348,2841 (19.5201
(19305)
17.6271
11.568)
1367,8041 (335.711}
{19.3051
17,752)
TOTAL EXPENDITIJRE
(375216) (19.520)
1394,7361 1345,0311
NET INCOMINGI IOUTGOINGI
RESOURCES BEFORE GAINS AND
LOSSES ON INVESTMENTS
49.318
(5,286)
44,032
40.525
Investment gainslllosses)
15
119,692)
16761 (20.368)
14,589
NET INCOMEIIDEFICIT)
15286)
16761
23.664
55,114
RECONCIUATION OF FUNDS
Total fvn(Js brought foThvard
1.718,493
8.470 1.754.562 1.699.448
Transfer between funds
19. 21
148254)
48254
TOTAL FUNDS CARRIED FORWARD 1.WJ9.865
22.313
56,048 1.778.226 1.754,562
The Ststementof FinanckAI ActIv6ti￿ includes al g81nsand k)sses in ts year8r￿. therefore, a ststement
of comprehensive income has not been prepare(l.
All of the above am(xJnts ￿late to conbnuing acts"￿tIes.
The notès on pages 8 tG',t farni part ￿-_-
ttnanclal stat&￿nt&

SHERIFFS & RECORDER'S FUND
BALANCE SHEET
31 MARCH 2025
2025
2024
FIXED ASSETS
TangiNe assets
Irtrvestments
14
15
3,238
1.718.880
1,201
1.708.197
1.722,118
1,709,398
CURRENT ASSETS
Debtors
Cash at bank and in hand
16
26.503
35.194
24,278
27,6C
61,697
15.589
CREDITORS: Amounts falling due ￿thIn one year
51.884
142201
17
NEf CURRENT ASSETS
$6,108
47,664
TOTAL ASSETS LESS CVRREKt LIABILMES
1.778226
1.757.(￿2
CREDITORS: Amounts falling du8 after more
one year
12.5001
NEf ASSErs
1.778,228
1.754.562
FUNDS
Irwestmenl
Restricted income fuf)ds
Un￿$tr￿ted funds
19
56,048
22,313
1.699,865
8,470
27.599
1,718.493
21
TOTAL FUNDS
1.778.226
1,754,562
These financk71 stalwnents wern apwoved by the Trustees and authorised for issue on 23 June 2025
and are signed on their ￿hair ty:
SS811
Chair
The not•s on pages 8 to 16 form part ofth85¢ flnandal Statements.

SHERIFFS. & RECORDER'S FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
ACCOUNnNG POLICIES
Basls of accountlng, significant judgements and assessment of going concern
The financial stslernenls have been prepar&1 under the histortral cost convention. exc8pI for
investments which are induded at market value. The financAal statements have been prepared In
8ccordance wilh the charit￿5 Act 2011 and in accord8nce with the StsteM￿t of Recommended
Practice ISORPI.. Acoyjunting and Reporting by Chariba$ preparing their accounts in accordance
with the Financid Reporting Stsndard appltsble in the UK aThY Rewblic of Ireland {FRS1021.
The Charity consblutes a wblic benefit entity as defined ty FRS 102.
The Trustees con8iderthatthereare no material ￿CertaInbe5 abcArtthe Charsty'sabilityto La)ntinue
as a going (xjnwn.
F￿ed ass•ts
Al tangible fixed assets are in￿alty re￿ed at cosL
Depreciatlon
Depreciation is Gal(xdated $0 as to write off the cost of an a55eL less lis estimated resttjual value,
over the usetul econonwc life ofthat ￿et 8$ folkn¥s:
Office Equipment- 25%
Computer Equipment- 20%
Taxatlon
The Charity is exempt tsx on its charila)le actNities.
Investments are a form of basic financial instrU￿nI and are ir*itialy recpJrded al their transactron
¥￿ue and are subsequentty measured al their fair value atthe balan￿ sheet datè using the ctosing
quote¢J market prir£. The Statement of Financial Acttvihes induoes the net gains and losses
arising on revaluat￿S and disposa& througlKWt the year. Th Ch8rity does not acquire put
options, derivatives or other complex financial instrumenls. The main form of finan¢ial risk faced
by the Charity ts that of volatility in equity mathets and investrnent martKets due to wider economic
condTtions and investment sentiments conwning equities in certain Sectors.
Investments also indude cash ￿1￿ for r￿￿stment purw)ses.
Valu8 add•d tax
ValLse Added Tax is nol re(X)Verab￿ by Ihe Charity and as such is ￿Cl￿sed in the relevant (x)sts
in the Slat￿eTrt of FInar￿lat Ac*vitses.
Fund accounting
Unrestr¢ctd funds can be used in accordance wilh the charitable objethes al the discretion of the
Trustees.
RestriGted furKls only be used for parbcular restrid&J ptsrph)ws w¢thln Ihe obiects of the
Charty. Restrictions artse when specthed by the don￿ ￿ when fvnds are raise(J for particular
restricted purposes.
The Investrnent fund 1$ a pemianent endowm￿[ indurfiThJ nel inveslmenl gains, arising from the
amaiqamation of the Sheriffs. & Recorderfs FurKI and The John and NeHy Norris Fund. The
Tw51ees are to invesl the wital n Fery)etuity. the in(x)me from wl)K* %tholty unrestricted for the
general purposes of the Charity.
Further explanation ofthe nalurg and purpw ofeath FvThJ i% W￿ude￿ in the notes to the financial
statemenls.

SHERIFFS, & RECORDER'S FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Incom•
Incoffie is accounted for when ihe Charity has entitlemenl to the ino)me. il is probable th81 the
income will be received and the amount of ine4)me recerved can be measured reliably. Donations
a￿ recogntsed when the Charity has been nobfEd in wrTrbng of iK)th the amount and the setllemenl
date. Interest on funds hekj on deposit is induded when re¢eNab￿ and the amount Can be
ffleasured reliably by the Charity. Olher invesbnenl income is reccwJnised when r￿1ved and
no15ffed by the manager of the Charity's invesbnent rKJrtfofK).
In the maprity of instances. after apF4ying the t**y wuined above. donatK)ns, grfl aid. legacy and
inveslmenl income are rttoJnised on a r￿1ved basis. Event income is recognised when theevent
Where the economic benefit can be acL%rdtety measured, dC￿ated serwcas and facilities are
recryJnised as restricted I￿ome when the economic benefft is trar￿feThed.
Expondltu
Liabilities are reo)gnised as expendtiure as S(m￿ as there is a legal or constFUCttve oblNJation
commrtting the Chanty lo that eXpend￿re. is probable that setllemenl will be required and the
amount of the obllgaknn can be Measur￿ rdiabty.
Expendrture 15 acrwnted for on an accruals basis a￿1 has b￿￿ das5thed under headings that
aggregate all cost Telated to the calogory. whe￿ o)sts cannot be directly attn"buled to particular
headings they have ken alk)cated to aclivilies on a bags consislenl w4th the use of resources.
Grants offered subject to cx>r￿l￿OnS which have not been met at the yearéThJ date are noled as a
cxKnmttrnent not a¢x•Jed as extendriure.
100% of support costs have t*en alkyaled to tharitsbl8 aciNtl￿ as ￿ majoiity of rescNJrces
thin the fund are used for a￿￿[￿1￿9 gants.
DONATIONS AND LEGACIES
2025
2024
Donab"or
195,154
197,253
FUNDRAISING EVENTS
2025
2024
Income
Shertffs, Bike RKI8 to Nottingham
Sherrffs, Old Bailey lurKhes
Trial & Error event
Sherrfts, InsLFrers Appe
Old Bailey Choir con￿rtS
Livery Company Gdf Day {restri¢tsJ)
Dial Medicine for Murder
Shertff s C￿Ort Exhibth and Sale of JL*'s wrtraits
Peal Appe
Sheriffs. Ball
Grfl Shop sales
Shenffs, Horse Ride in the Cty
Sheriffs Last Stand
46.757
27,661
23,883
12,367
12,091
14,234
14,983
5,750
13.971
20,648
20,500
3,371
15.000
8.886
7,390
4,928
4.299
6,166
4,757
175,093
97,598

SHERIFFS, & RECORDER'S FUND
NOTES TO THE RNANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
FUNDRAISING EVENT COSTS AND SURPLUS ON EVENTS
2025
2024
Event costs
Trial & Efror costs
Old Bailey Chjir conc8rts
Dial Mediclne for Murder
653
915
3.629
7,627
1,568
Surplus on events
Sheriffs, Bike Ride to Nottiroham
Sheriffs. Old Bailey lunches
Trial & Error event
Sheriffs, Insurers Appeal
Old Bailey Ch¢ii coneerts
Livery Company Golf Day (restricted)
Dial Medicine for Murder
Shertffs Consort ExhIb￿"On and Sale of Judge's portraits
Peal Appe
Sheriffs, Ball
Grft Shop sales
Sheriffs. Horse Rfde in the Ctiy
Sheriffs Last Stand
46.757
27,661
23,883
12,367
8,462
14,234
10.985
5.750
13.971
19,995
20,500
2,456
15,000
8.886
7,390
4,928
4.299
6.166
4,757
Total surplus ¢)n fundraising gvents
167A66
96,030
INCOME FROM INVESTMENTS
2025
2024
DNidends and int￿eSt reK*ived
46,957
55,684
OTHER If4COME
2025
2024
Grants rebjmed or vrt¢tten back
21,564
35,121
10-

SHERIFFS. & RECORDER'S FUND
NOTES TO THE RNANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
EXPENDITURE ON CHARITABLE AcnvmES BY AcTr￿TY TYPE
2025
2024
Indlvldual grants:
Clothing
Househotd equipment
Educabon & Training
Tools of tr8de
104,997
98.641
20,856
99.644
92,356
31,743
11.480
242,351
235.223
Project grants:
New kitchen equpmsn￿ HMP1sis (use of Restn"cted funds)
Give a Book- HMP Isis (use of Restrtcled fvndsl
University of the Arts- HMP I)ownv
Chess in Prisons- HMP Brixton
Women in Prisons
PACT (Prison Aijvice & Cwg Trust)
Standoul Programmes
Other projecls
Onwards and Upwards
3 Allars Pr*- HMP Feltham (use of ReSt1K￿ funds}
4879
7,500
10.000
6.000
6,000
5,000
10.000
7,500
29,000
6.000
5,0
10.000
7,141
66.520
48,51K)
Total grants
Support costs:
Staff costs Isee note 11)
Depreciatxjn (see notes 10 & 14)
Insurarlce
Telephone
Postage & Stalionery
Bank tharges
General expw*ses
Total support costs
308,871
283.723
44.147
425
194
1.117
2,516
857
41,448
302
536
744
1,655
835
2,844
53.830
48,364
Governance costs Is88 note 9)
5.103
3,624
Tolal Charltsble A¢tivib
367.804
335,711
OTHER EXPENDrruRE
2025
2024
Independent Impact Assessment
Investr78nl manage￿ fees
7.905
7,752
19.305
7.752
11

SHERIFFS. & RECORDER'S FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
GOVERNANCE COSTS
2025
2024
Ind8pendenl Examinerfs fees
AGM eX￿nseS
1,320
3,783
1,320
2,304
5.103
3.624
10. INCOMWG RESOURCES FOR THE YEAR
This is staled after tharging..
2025
2024
DwttiatM)n
Ind8wJdent Examinerfs fee for the fin8ncAal statements
425
1,320
302
1,320
11. STAFF COSTS AND EMOLUMEKrs
Total Staff costs were as follows:
2025
2024
Wages and &*rEs
Empwe pension costs
43.481
666
40,816
633
41147
41.448
Particulars of employees:
The aver8ge ryjmber of empbyees the year, calajlaled on Ihe basis of fulktime equiv31enls,
wag as folk￿.
2025
No
2024
No
Full time ￿￿1Valent numtwof admnistrative slaff
During the year 212024- 21 member5 of staff for Ihe Chaiity on a part bme basi8.
No employee remuneratM)n of n￿re than £60.(￿ the year12024- Nil).
12. TRUSTEES, AND MANAGEMENT REMUNERATION AND BENEFrrs
The Tnjslees (who are u)nsidered to fepresent thè key management of the Charity) all give freety
their time and expertsse wtfM)ut any foTm of remunerati￿ or any other knmi of benefrt in cash or in
kind. There was no Trustees. r8murwatton nor other be￿ts for the ye8r ended 31 March 2025
12024- Nill.
Trustees. expènses
There were no Trustees. expenses paid (Dr the year ended 31 March ￿2512024- NII}.
12-

SHERIFFS. & RECORDER'S FUND
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
13. COSTS OF ADMINISTRATION
2025
2024
Support (x)sts (note 7)
Govemance costs (note 9}
Total running costs
Other Costs Inole 81
53,830
5,103
58,933
19,305
48.364
3,624
51,988
7,752
78.238
59.740
14. TANGIBLE FIXED ASSErs
FlxtUTes a
Fittings
Computer
Totsl
COST
At 1 April 2024
Add￿￿S
6,501
1.760
1,232
702
7,733
At 31 March 2025
8361
1,934
10.195
DEPRECIATION
Al 1 April 2024
Charge for the year
5.310
202
1,222
223
6,532
425
At 31 March 2025
5.512
6,957
NEf BOOK VALUE
At 31 March 2025
2.749
3.238
Al 31 March 2024
1,191
10
1,201
1& INVEST•AEprrs
2025
2024
Movement in market value
Market value al 1 April
Acquisrtions al cost
Dlsposats at cost
Net profitslllosses) on revalUatiC￿ in the year
ma￿&t value al 31 March
Cash awathng reinvestrnent at the year erKI
1.641.003
1.643.259
417.795
330.164
1253.149) {319,1631
161366
13.257
1,643283
75,597
1.641,003
67.194
Total
1,718MO
1.708.197
Historical cost at 31 M8rth
1.245.893
-13-

SHERIFFS & RECORDER'S FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
q&
INVESTMENTS IconlTrnuedl
Net galnsl(lossesl on inveslments
2025
2024
Dtssy)sal proceads
Disposa15 al cost
Nel profil on distThals in year
Net profitsl{k)ssesl on revaktalions ￿ th8 year
395,147
253,149
141.998
1162,3661
347.000
319,162
27,846
113,2571
Not gainsl{loss8s) on Invoslmènts
120.368)
14,589
Analysis of inVestM￿t$ between funds
At 31 March 2025
Unrestrithd
Funds
Restricted
Fund
Inveslment Total Funds
Fund
2025
UK Cash part of Forffc4io
Investments
75.597
1.622214
9.714
11599
75,597
1,643.283
1,697.811
21313
56.408
1.718.880
At 31 Mar¢h 2024
Unrnstrlthd
Funds
Restyicted
Fund
Investment
Fund
Total Fund
2024
UK Cash part of Por￿￿k)
Investmersts
52.194
1.619.934
15.000
12.599
67.194
1.647.003
8.470
1.672.128
27,599
8.470
1.708.197
The inveslment assets noted above held n an investmenl Gonsi5ting of seGurities,
unil Irusls and treasury bonds for the current and previotss finan￿￿ year. These investments are
held primardy to pn)vt(te an investment r0￿M forthe L*arity.
From the total value invested a sum of£1.134.16012024- £1.121.6041 represents investment
assets in the UK and £488,054 {2024- £519.3991 ￿presents investrrwt assets outside the UK.
16. DEBTORS
2025
2024
Amour¢t re￿IVatIe from Trial & Error event
PrepayIr￿7ts
20.765
5,738
20,648
3,630
26,503
24,278
-14-

SHERIFFS & RECORDER'S FUND
NOTES TO THE FINANCIAL STATEMEp¥rs
YEAR ENDED 31 IAARCH 2025
17. CREDrroRS: Amounts fall1r￿ due wrlhin one year
2025
2024
Accruals for sundry expenses
PAYE & National Insurance
5,020
569
4220
4220
18. CREDtroRS: Amounts faHing du8 after mre Ihan one y88r
2025
2024
Sundry tzeditors
2,500
19. INvESTmEP￿ FUND
At 1 April 2024
Transfer on adoption of Total Rettjm re*Aubcffl (note 21)
Increaselldecrease) in caprtal value in year
8,470
48.254
16761
At 31 March 2025
The Investment Fund 15 a pern￿nent endownxnl arising from the amalgarnaknn ofthe Sheriffs.
and Recorder's Fund anLf The Jom and Neuy Norris FurKI.
20. RESTrICTED INCOME FUNDS
Balance at
l Aprll 2024
In¢oming
Outgolng
Balance at
rosources 31 March 2025
Restricted Funds
14.234
19.520
22,313
The increase in restricted fuThts during the year Is in respect of itKome from the Livery Comparry
Goff Day, whith is lo be used to fvnd rehabilitation woiects for young offenders. cxpendiiure of
restricted funds ccmmprised expenditure on rehabililation projects for young offerhders al HMP ISIS
and HMP Feltham.
15-

SHERIFFV & RECORDEIYS FUND
NOTES TO THE F114ANCIAL STATEMENTS
YEAR ENDED 31 PIARCH 2025
21. U14RESTRICTED INCOME FUNDS
Unapplied
Other
Total Designated
Rgtum
Funds
General
Total
At 1 April 2024
Transfer to Inveslmenl FuNt {nole 191
Inujming resources
Outgoing resources
Transfer lo General Fund
Net ktss on reva￿a￿"on of investments
271.359 1.160,809
(27,0541
46.957
(7.9051
158.933)
119.692)
286,325 1.718.493
(21,2001 148.2541
424,534
1375,216)
377.577
1367,311}
58.933
(19.6921
At 31 March 2025
340.558 1.094,182
265,125 1,699,865
The transfer to the Investment Fund durw the year aTises as a wult of the Truslees adopting
Total Relum mandate for investment rnanagen￿nI al the beginning of this financial year.
22. RELATED PARTY DISCLOSURES
During year the Trustees dollaled a loL71 of £7￿) (2024- £800110 the Charity. There were no
other related party transaCtKm￿ duriw the year (2024- Nil).
23. ULTIMATE coKfROLLING PARTY
Thefe was no ultimate o)ntrolh'ng party during the year ended 31 Mad1202512024- NA).
24. POST BALANCE SHEET EVENTS
There have beèn ro events subsequent to 31 Marth 2025 {2024 - Nil) which would requife
discbsure in or adjustment to I1￿ accounts.
25. CAprrAL COMMITMENTS AND coKnNGENT UABILtTIES
There were no Gapitd (xJmmiEments or ￿tingent liabilibes requirir¥J dL8dosure at 31 March 2025
(2024- Nil}.
16-