| Page | |
|---|---|
| Charity information | 1 |
| Trustees' annual report | 2 |
| lndependent examiner'sreport | 5 |
| Statement offinancialactivities | t) |
| Balancesheet | 7 |
| Notes totheaccounts | 8 |
| Five yearfinancialsummary | 18 |
| Trustees | MrsCPennyDL-Chairman | |
| S Shorthouse-JointViceChairman | ||
| DrMWheatman-JointVice | Chairman | |
| I\,4rsWEvans | ||
| JHarries | ||
| MrsDS Robertson | ||
| Mrs RRycroft | ||
| TJ Scott | ||
| lvlrsKWhitaker | ||
| Mrs SMcConkey (Appointed | 15thMarch 2023) | |
| Secretary | l\,,lrsJTurner | |
| Registered office | POBox 658 | |
| Longridge | ||
| Preston | ||
| PR3 2WJ | ||
| Website:www.shepherd | st.co.uk | |
| e-mail: enouiries@sheph | co.uk | |
| Charity Number | 222922 | |
| lndependent examiner | N[IasonFCA, DChA | |
| l\,tHAMoore and Smalley | ||
| Richard House | ||
| WinckleySquare | ||
| Preston | ||
| PR1 3HP | ||
| lnvestment agents | CloseAssetl\4anagement Limited | |
| 10CrownPlace | ||
| London | ||
| EC2A4FT |
| Unrestricted | [Jnrestricted | Total | Total | ||
|---|---|---|---|---|---|
| grant | investment | funds | funds | ||
| fund | fund | 2023 | 2022 | ||
| Note | f | f | e | € | |
| lncomingresources | |||||
| Donalions and legacies | 2 | 10,030 | 10,030 | ||
| Charitable activities | J | ||||
| lnvestment income | 4 | 46,752 | 46,752 | 54,919 | |
| Total incoming resources | 56,782 | 56,782 | 54,691 |
||
| Resourcesexpended | |||||
| Costofraisingfunds | |||||
| lnvestmentmanagement costs | 5 | 9,206 | 9,206 | 9,981 | |
| Charitable activities | |||||
| G rants | 6 | 37,192 | 37,192 | 42,451 | |
| Support costs | 7 | 10,645 | '10,645 | 8,948 | |
| Total resourcesexpended | 47,837 | 9,206 | 57,043 | 61,380 | |
| Netincoming/(outgoing) resources | |||||
| before revaluations, investment asset | |||||
| disposalsandtransfers | 8,945 | (9,206) | (261|(6,461) | ||
| Net investment gains/(losses): | 26,086 | 26,086 | (66,366) | ||
| Netmovementinfunds | 8,945 | 16,880 | 25,825 | (72,827) | |
| Resources brought forward | 75,101 | 1,495,742 | 1,570,843 | 1,643,670 | |
| Resources carriedforward | 84,046 | I,512,622 | '1,596,668 | 1,570,843 |
| unrestricted | llnreslricled | ||||
|---|---|---|---|---|---|
| grant | lnvestment | Total | Total | ||
| Fund | Fund | 2023 | 2022 | ||
| Note | f | f | f | € | |
| Fixedassets | |||||
| lnvestments | I | 1,494,454 | 1,494,454 | 1,453,920 | |
| Current assets | |||||
| Debtors | 9 | 6,217 | 6,217 | 6,450 | |
| Cashatbank | 10 | 84,174 | 21,173 | 105,347 | 120,296 |
| 90,391 | 21,173 | 111,564 | 126,746 | ||
| Creditors: | |||||
| Amounts falling duewithinoneyear | 11 | (6,345) | (3,00s) | (e,350) | (9,823) |
| Netcurrent assets | 84,046 | 18,168 | 102,214 | 116,923 | |
| Netassets | 84,046 | 1,512,622 | I,596,668 | 1,570,843 | |
| Representedby: | |||||
| Funds | |||||
| Unrestricted grantfund | 84,046 | 84,046 | 75,101 | ||
| Unrestricted investment fund | 1,512,622 | 1,512,622 | 1,495,742 | ||
| Totalfunds | 84,046 | 1,5'12,62? | 1,596,668 | 1,570,843 |
| Donations and legacies | ||
|---|---|---|
| 2023 € |
2022f | |
| Donations | 10,030 | |
| 10,030 |
| Charitableactivities | ||
|---|---|---|
| 2023f | 2022 € |
|
| Grants returned |
| lnvestment in | come | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | € | ||
| lnterest: | Corporate loan stock | 4,467 | 4,88B |
| Dividends | Ordinary shares | 26,129 | 39,037 |
| Mutual and unitisedfunds | 16,072 | 10,981 | |
| 46,668 | 54,906 | ||
| lntereston bank deposits | 84 | 13 | |
| 46,752 | 54,919 |
| Costoffundraising-investment managementcos | ts | |
|---|---|---|
| 2023 | 2022 | |
| f | € | |
| lnveslment agent'scharges | 9,206 | 9,981 |
| 9,206 | 9,981 |
| Charitableactivities | ||||
|---|---|---|---|---|
| Preston | NorthWest | 2023 | 2022 | |
| Grantspaid | areaf | afea E |
Total € |
Total € |
| lndividuals | ||||
| Education & training | 11,350 | 11,350 | 6,941 | |
| Hardship | 150 | 2,799 | 2,949 | 3,2s8 |
| Medical and counselling | 2,000 | |||
| Sports & play | ||||
| lnstitutions | ||||
| Education&training | 442 | 442 | 10,054 | |
| Hardship | 3,500 | |||
| Guides, scouts & youth groups | 6,830 | 6,830 | 1 1,053 | |
| lvledicaland counselling | 3,000 | 3,000 | 6,000 | 5,645 |
| Sports & play | 7,859 | 't,762 | 9,621 | |
| 11,451 | 25,741 | 37,192 | 42,451 |
| Support costs | ||
|---|---|---|
| 2023 f |
2022r | |
| Secretary's fees | 4,237 | 3,649 |
| Postage andstationery | 485 | 538 |
| Telephone | bt3 | 546 |
| lnsurance | 280 | 264 |
| Travelling expenses | 250 | 224 |
| Website and computer costs | 647 | 173 |
| Dataprotectionfees | 40 | |
| Bank charges | 64 | 118 |
| Governancecosts(seeanalysisbelow) | 4,024 | 3,396 |
| 10,645 | 8,948 |
| Governance costs | ||
|---|---|---|
| 2023 | 2022 | |
| e | f | |
| Accountancycharges | 3,424 | 2,896 |
| lndependentexamination charges | 600 | 500 |
| lnvestmentadministrationcharges | ||
| 4,024 | 3,396 | |
| lnvestments | ||
| 2023 | 2022 | |
| f | € | |
| Movement in investments | ||
| I/arketvalueal1July2022 | 1,453,920 | 1,534,734 |
| Additionstoinvestments atcost | 323,843 | 272,085 |
| Disposalsatmarket value | (309,395) | (286,533) |
| Net investmentgains/(losses)on revaluation | 26,086 | (66,366) |
| Marketvalueat30June2023 | 1,494,454 | 1,453,920 |
| lnvestments(continued) | ||||
|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |
| lnvestments comprise: | Market | Market | ||
| value | Cost | value | Cost | |
| € | f | E | € | |
| Quoted investments | ||||
| Corporate loan stock | 245,015 | 273,305 | 245,083 | 271,250 |
| Ordinary shares | 726,809 | 624,394 | 747,959 | 760,237 |
| lVutual and unitised funds | 387,447 | 3s8,442 | 325,549 | 203,712 |
| Hedgefunds | 135,183 | 122,104 | 135,329 | 122,104 |
| 1,494,454 | 1,378,246 | 1,453,920 | '1,357,303 |
| Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| ! | € | |
| lncometaxrecoverable | 939 | 520 |
| Prepayments | t/o | 176 |
| Accruedlncome | 5,102 | 5,754 |
| 6,217 | 6,450 |
| Cashatbank andon short ter | m deposit | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| grant | investment | |||
| fundf | fund c |
2023 f |
2022t | |
| Close deposit account | 35,212 | 21,173 | 56,385 | 79,992 |
| CAF deposit account | 48,954 | 48,954 | 40,296 | |
| Cash | 8 | 8 | 8 | |
| 84,174 | 21,173 | 105,347 | 120,296 |
| 11 | Creditors-amountsfallingduewithinoneyear | ||
|---|---|---|---|
| 2023 | 2022 | ||
| € | € | ||
| Accruals-Grant fund | 6,345 | 6,865 | |
| Accruals-lnvestment fund | 3,005 | 2,958 | |
| 9,350 | 9,823 | ||
| 12 | Contingencies | ||
| Therewerenoconlingentliabilities at 30 June2023 (2022:nil| | |||
| 13 | Moniesavailableforgrant purposes |
| Moniesavailableforgrant purposes | ||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Grantfund | ||
| Balance at 30 June 2023 | 84,046 | 75,181 |
| Less:Grantsapprovedbut not paid at theyearend | 2,770 | 5,000 |
| Available forfuturegrants | 81,276 | 70,181 |
| Preston | NorthWest | 2023 | 2022 | |
|---|---|---|---|---|
| area f |
afea € |
Total f |
Totalf | |
| Grants approvedbutnotpaid | ||||
| lndividuals | ||||
| Education & training | 1,600 | 1,600 | ||
| Hardship | ||||
| l\4edicaland counselling | ||||
| lnstitutions | ||||
| Education&training | 5,000 | |||
| Guides, scouts &youthgroups | 1,170 | 1,170 | ||
| Sports & play | ||||
| 2,770 | 2,770 | 5,000 |
| ovement infunds-curre | nt year | ||||
|---|---|---|---|---|---|
| At | lnvestment | AI | |||
| lJuly | lncoming | Resources | gains/ | 30June | |
| 2022 € |
resources f |
expended € |
losses € |
2023 € |
|
| Unrestricted grant fund | 75,101 | 56,782 | (47,837| | 84,046 | |
| Unrestricted | |||||
| investment fund | 1,495,742 | (9,206) | 26,086 | 1,512,622 | |
| 1,570,843 | s6,782 | (57,043) | 26,086 | 1,596,668 |
| Movementinfunds-pre | vious year | ||||
|---|---|---|---|---|---|
| At lJuly |
lncoming | Resources | lnvestment gains/ |
At 30June |
|
| 2021 | resources | expended | losses | 2022 | |
| € | c | € | f | E | |
| Unrestricted grant fund | 71,581 | 54,9'19 | (51,399) |
75,101 | |
| Unrestricted | |||||
| investment fund | 1,572,089 | (9,981) | (66,366) | 1,495,742 | |
| 1,643,670 | 54,919 | (61,380)(66,366) | 1,s70,843 |
| Analysisofnetassetsbetweenfun | ds-current year | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| grant | investment | Total | ||
| fund | fund | funds | ||
| e | f | f. | ||
| lnvestments Net current assets |
84,046 | 1,494,454 18,168 |
1,494,454 102,214 |
|
| 84,046 | 1,512,622 | 1,596,668 |
| Analysisofnetassetsbetweenfund | s-previous year | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| grant | investment | Total | |
| fundt | fundf | fundsf | |
| lnvestments | 1,453,920 | 1,453,920 | |
| Net current assets | 75,101 | 41,822 | 116,923 |
| 75,1011,495,742 | 1,570,843 |
| 2023 € |
2022 E |
2021 f |
2020f | 2019f | |
|---|---|---|---|---|---|
| lncoming resources | |||||
| Donations and legacies | 10,030 | 200 | 417 | ||
| Charitable activities | 1,510 | 2,413 | 355 | ||
| lnvestment income | 46.752 | 54,919 | 52,981 | 51,686 | 54,434 |
| Total incoming resources | 56,782 | 54,919 | 54,691 | 54,516 | 58,789 |
| Resourcesexpended | |||||
| Grants and donations | 37,192 | 42,451 | 34,206 | 42,466 | 36,795 |
| Total charitycosts. | 19,851 | 18,929 | 18,611 | 19,110 | 18,158 |
| Total resources expended | 57,043 | 61,380 | 52,817 | 61,576 | 54,953 |
| Netincoming/(outgoing) | |||||
| resources for the year | |||||
| before revaluations, | |||||
| investment asset disposals | |||||
| andtransfers | (261) | (6,461) | 1,874 | (7,060) | 3,836 |
| Realised and unrealised | |||||
| gains/(losses)on investments |
26,086 | (66,366) | 165,455 | (145,s51) | (10,083) |
| Netmovementinfunds | 25,82s | (72,827) | 167,329 | (1s2,611) | (6,247) |
| Resources brought forward | 1,570,843 | 1,643,670 | 1,476,341 | 1,628,952 | 1,635,'199 |
| Resources carried forward | 1,596,668 | 1,570,843 | 1,643,670 | 1,476,341 | 1,628,952 |
| Grantfunds | 84,046 | 75,101 | 71,581 | 60,416 | 58,207 |
| lnvestment fund | 1,512,622 | 1,495,742 | 1,572,089 | 1,415,925 | 't,57 0,745 |
| Total funds | 1,596,668 | 1,570,843 | 1,643,670 | 1,476,341 | I,628,952 |