| Page | |
|---|---|
| Charityinformation | 1 |
| Trustees' annual report | 2 |
| lndependent examiner's report | 5 |
| Statementoffinancialactivities | 6 |
| Balancesheet | 7 |
| Notes to the accounts | 8 |
| Five yearflnancial summary | 18 |
| Trustees | Mrs C Penny DL-Chairman |
|---|---|
| SShorthouse-JointVice Chairman | |
| DrMWheatman-JointViceChairman | |
| MrsWEvans | |
| JHarries | |
| MrsDS Robertson | |
| MrsRRycroft | |
| TJScott | |
| MrsKWhitaker | |
| Secretary | lt4rsJTurner |
| Registered office | POBox 658 |
| Longridge | |
| Preston | |
| PR3 2WJ | |
| Website:www.sheoherdstreettrust.co. uk | |
| e-mail: enquiries@shepherdstreettrust.co.uk | |
| Charity Number | 222522 |
| lndependent examiner | NMasonFCA, DChA |
| MHAMooreand Smalley | |
| Richard House | |
| WinckleySquare | |
| Preston | |
| PR1 3HP | |
| lnvestment agents | CloseAsset ManagementLimited |
| 10CrownPlace | |
| London | |
| EC2A4FT |
| Unrestricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| grant | investmenl | funds | funds | ||
| fund | fund | 2022 | 2021 | ||
| Note | € | € | € | c | |
| lncomingresources | |||||
| Donationsandleoacies | 2 | 200 | |||
| Charitableactivities lnvestmentincome |
3 4 |
54,91I | 54,919 | 1,51 0 52,981 |
|
| Totalincomingresources | 54,91I | 54,919 | 54,691 | ||
| Resources expended | |||||
| Costofraisingfunds | |||||
| lnvestment managementcosts | 5 | 9,981 | 9,981 | B,871 | |
| Charitableactivities | |||||
| Grants | 6 | 42,451 | 42,451 | 34,206 | |
| Support costs | 7 | 8,948 | 8,948 | 9,740 | |
| Total resources expended | 51,399 | 9,981 | 61,380 | 52,817 | |
| Netincoming/(outgoing)resources | |||||
| before revaluations, investment asset | |||||
| disposalsandtransfers | 3,520 | (9,981) | (6,461) | 1,874 | |
| Netinvestmentgains/(losses): | 8 | (66,366) | (66,366) | 165,455 | |
| Netmovementinfunds | 3,520 | (76,347|(72,827) | 167,329 | ||
| Resourcesbroughtforward | 71,58'l | 1,572,089 | 1,643,670 | 1,476,34',1 | |
| Resources carriedforward | 75,101 | 1,495,742 | 1,570,843 | 1,643,670 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| grant | investment | Total | Total | ||
| fund | fund | 2022 | 2021 | ||
| Note | € | € | € | € | |
| Fixedassets | |||||
| lnvestments | 8 | 1,453,920 | 1,453,920 | 1,534,734 | |
| Current assets | |||||
| Debtors | I | 6,450 | 6,450 | 5,356 | |
| Cashat bank | 10 | 75,516 | 44,780 | 120,296 | 109,166 |
| 81,966 | 44,780 | 126,746 | 114,522 |
||
| Creditors: | |||||
| Amounts fallingduewithinoneyear | 11 | (6,865) | (2,958) | (9,823) | (5,586) |
| Netcurrentassets | 75,101 | 41,822 | 116,923 | 108,936 | |
| Netassets | 75,101 | 1,495,742 | 1,570,843 | 1,643,670 | |
| Representedby: | |||||
| Funds | |||||
| Unrestricted grant fund | 75,101 | 75,101 | 71,581 | ||
| Unrestricted investmentfund | 1,495,742 | 1,495,742 | 1,572,089 | ||
| Totalfunds | 75,101 | 1,495,742 | 1,570,843 | 1,643,670 |
| Oonations and legacies | ||
|---|---|---|
| 2022 | 2021 | |
| e | € | |
| Legacies-Edith BamberWill Trust | 200 | |
| 200 |
| Charitableactivities | ||
|---|---|---|
| 2022 | 202',1 | |
| E | € | |
| Grantsreturned | 1,510 | |
| 1,510 |
| 2022 | 2021 | ||
|---|---|---|---|
| e | € | ||
| lnteresl: | Corporateloanstock | 4,BBB | 10,013 |
| Dividends | Ordinaryshares | 39,037 | 27,403 |
| I.4utualand unitisedfunds | 10,981 | 15,565 | |
| s4,906 | 52,981 | ||
| lnterest onbank deposits | 13 | ||
| 54,919 | 52,981 |
| 5 | Cost offundraising-investment managementcos | ts | |
|---|---|---|---|
| 2022 | 2021 | ||
| e | € | ||
| lnvestment agent's charges | 9,981 | 8,87'l | |
| 9,981 | 8,871 | ||
| 6 | Charitableactivities |
| Charitableactivities | ||||
|---|---|---|---|---|
| Preston | NorthWest | 2022 | 2021 | |
| Grantspaid | area | afea | Total | Total |
| e | € | e | € | |
| lndividuals | ||||
| Education&training | 6,94'1 | 6,941 | I,341 | |
| Hardship | 3,258 | 3,258 | 4,574 | |
| Medical and counselling | 2,000 | 2,000 | 2,000 | |
| Sports &play | 780 | |||
| lnstitutions | ||||
| Education&training | 390 | 9,664 | 10,054 | 2,750 |
| Hardship | 3,500 | 3,500 | 3,500 | |
| Guides,scouts&youth groups | 1,700 | 9,353 | 11,053 | |
| Medical andcounselling | 2,695 | 2,950 | 5,645 | 3,890 |
| Sports& play | 7,371 | |||
| 8,285 | 34,166 | 42,451 | 34,206 |
| Support costs | ||
|---|---|---|
| 2022 | 2021 | |
| € | € | |
| Secretary's fees | 3,649 | 4,671 |
| Postage andstationery | 538 | 503 |
| Telephone | 546 | 600 |
| lnsurance | 264 | 293 |
| Travelling expenses | 224 | 191 |
| Websiteandcomputer costs | 173 | 144 |
| Data protectionfees | 40 | 40 |
| Bankcharges | 118 | 78 |
| Governance costs(seeanalysisbelow) | 3,396 | 3,220 |
| 8,948 | 9,740 |
| Governance costs | |||
|---|---|---|---|
| 2022 € |
2021f | ||
| Accountancy charges | 2,896 | 2,380 | |
| lndependent examination charges | uo? | 420 | |
| lnvestment administration charges | 420 | ||
| 3,396 | 3,220 | ||
| 8 | lnvestments | ||
| 2022 | 2021 | ||
| f | e | ||
| Movement ininveslments | |||
| i,4arketvalueat1 July2021 | 1,534,734 | 1,354,445 | |
| Additions to investmentsatcost | 272,085 | 255,06'1 | |
| Disposals at carryingvalue | (286,53s) | (236,350) | |
| Netinvestmentgains/(losses)onrevaluation | (66,366) | 16'1,578 | |
| Marketvalueat30June2022 | 1,453,920 | 1,534,734 |
| lnvestments(continued) | ||||
|---|---|---|---|---|
| 2022 | 2022 | 2021 | 202'l | |
| lnvestments comprise | Market | Market | ||
| value | Cost | value | Cost | |
| € | e | € | e | |
| Quoted investments | ||||
| Corporateloanstock | 245,083 | 271,250 | 111,766 | 127,742 |
| Ordinary shares | 747,959 | 760,237 | 779,235 | 793,040 |
| Mutualandunitisedfunds | 32s,549 | 203,712 | 601,933 | 517,789 |
| Hedgefunds | 135,329 | 122,104 | 41,800 | 40,890 |
| 1,453,920 | 1,357,303 | 1,534,734 | 1,479,461 |
| Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| € | e | |
| lncome tax recoverable | 520 | 't17 |
| Prepayments | 176 | 176 |
| Accrued lncome | 5,754 | s,063 |
| 6,450 | 5,356 |
| Cashat bankandonshortter | m deposit | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| grant | investment | |||
| fund € |
fund e |
2022f | 2021 € |
|
| Closedeposit account | 35,212 | 44,780 | 79,992 | 40,075 |
| CAFdeposit account | 40,296 | 40,296 | 69,083 | |
| Cash | 8 | 8 | B | |
| 75,516 | 44,74O | 120,296 | 109,'166 |
| 1'l | Creditors-amountsfallingduewithinoneyear | ||
|---|---|---|---|
| 2022 | 2021 | ||
| € | € | ||
| Accruals-Grant fund | 6,865 | 2,866 | |
| Accruals-lnvestment fund | 2,958 | 2,720 | |
| 9,823 | 5,586 | ||
| 12 | Contingencies | ||
| Therewerenocontingent liabilitiesat30June2022(2o21:nll). | |||
| 13 | Monies availablefor grantpurposes | ||
| 2022 | 202'l | ||
| € | € | ||
| Grantfund | |||
| Balance at30June2021 | 75,181 | 71,581 | |
| Less:Grants approvedbut notpaidat theyearend | 5,000 | 15,234 | |
| Available forfuture grants | 70,181 | 56,347 |
| PrestonNorth West | PrestonNorth West | 2022 | 2021 | |
|---|---|---|---|---|
| area! | area e |
Total € |
Total E |
|
| Grants approved butnotpaid | ||||
| lndividuals | ||||
| Education & training | ||||
| Hardship | 370 | |||
| [.4edicalandcounselling | 2,000 | |||
| lnstitutions | ||||
| Education & training | 5,000 | 5,000 | 1,000 | |
| Guides,scouts &youth groups | 3,700 | |||
| Sports&play | 8,164 | |||
| 5,000 | 5,000 | 15,234 |
| ovementinfunds-c | urrentyear | ||||
|---|---|---|---|---|---|
| At | lnvestment | At | |||
| 'tJuly | lncoming | Resources | gains/ | 30June | |
| 2021 € |
resources € |
expended € |
losses f |
2022 € |
|
| Unrestrictedgrant fund | 7'1,58'1 | s4,919 | (s1,399) |
15,101 | |
| Unrestricted investment fund |
1,572,089 | (e,e81)(66,366) | 1,495,742 | ||
| 't,643,670 | 54,919 | (61,380)(66,366) | 1,570,843 | ||
| Movementinfunds- | previous year | ||||
| At | lnvestment | At | |||
| 'IJuly | lncoming | Resources | gains/ | 30June | |
| 2020 ! |
resources e |
expendedt | losses € |
202'l € |
|
| Unrestricted grantlund | 60,416 | 54,691 | (43,526) | 71,581 | |
| Unrestricted investmentfund |
1,415,925 | (9,2S1)165,4s51,572,089 | |||
| 1,476,341 | 54,691 | (52,817\165,4551,643,670 |
| Analysisofnetassetsbetweenfun | ds-current year | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| grant | investment | Total | |
| fund f |
fundf | funds f |
|
| lnvestments | 1,453,920 | 1,453,920 | |
| Netcurrentassets | 75,101 | 41,822 | 116,923 |
| 75,1011,495,742 | 1,570,843 |
| Analysis ofnetassets between fund | s-previous year | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| grant | investment | Total | |
| fund € |
fund € |
fundsr | |
| Investments | 1,534,734 | 1,534,734 | |
| Netcurrent assets | 71,581 | 37,355 | 108,936 |
| 71,581 | 1,572,089 |
1,643,670 |
| 2022 € |
2021 e |
2020f | 2019 € |
2018 | |
|---|---|---|---|---|---|
| lncomingresources | |||||
| Donationsandlegacies | 200 | 417 | 570 | ||
| Charitableactivities lnvestmentincome |
54,91I | 1,510 52,S81 |
2,413 51,686 |
355 54,434 |
3,201 54,039 |
| Totalincomingresources | 54,9'1I | 54,691 | 54,516 | 58,789 | 57,810 |
| Resourcesexpended | |||||
| Grants and donations | 42,451 | 34,206 | 42,466 | 36,795 | 42,171 |
| Totalcharity costs* | 18,929 | 18,611 | 19,1 10 | 18,158 | 18,716 |
| Total resources expended | 61,380 | 52,817 | 61,576 | 54,953 | 60,887 |
| Net incom ing/(outgoing) | |||||
| resources for lhe year | |||||
| before revaluations, | |||||
| investment assetdisposals | |||||
| andtransfers | (6,461) | 1,874 | (7,060) | 3,836 | (3,o77) |
| Realisedandunrealised | |||||
| gains/(losses)on investments |
(66,366) | 16s,455 | (145,551) | (10,083) | 76,625 |
| Netmovementinfunds | (72,527|167,329 | (152,611) | (6,247|73,548 | ||
| Resourcesbroughtforward | 1,643,670 | 1,476,34'l | 1,628,952 | 1,635,199 | 1,561,650 |
| Resources carriedforward | 1,570,843 | 1,643,670 | 1,476,341 | 1,628,952 | 1,635,198 |
| Grantfunds | 75,101 | 71,581 | 60,416 | 58,207 | 44,654 |
| lnvestmentfund | 1,495,742 | 1,572,089 | 1,415,925 | 1,57 0,745 | 1,590,544 |
| Totalfunds | '1,s70,843 | 1,643,670 | 1,476,341 | 1,628,952 | 1,635,198 |