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||Page|
|---|---|
|Charity information|1|
|Trustees' annual report|2|
|lndependent examiner'sreport|5|
|Statement offinancialactivities|t)|
|Balancesheet|7|
|Notes totheaccounts|8|
|Five yearfinancialsummary|18|





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||||
|---|---|---|
|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||





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|||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|<br>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|





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|||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|





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|Donations and legacies|||
|---|---|---|
||2023<br>€|2022f|
|Donations|10,030||
||10,030||



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|Charitableactivities|||
|---|---|---|
||2023f|2022<br>€|
|Grants returned|||





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|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|



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|Charitableactivities|||||
|---|---|---|---|---|
||Preston|NorthWest|2023|2022|
|Grantspaid|areaf|afea<br>E|Total<br>€|Total<br>€|
|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|





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|Support costs|||
|---|---|---|
||2023<br>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|



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|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|



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|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|



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|Debtors|||
|---|---|---|
||2023|2022|
||!|€|
|lncometaxrecoverable|939|520|
|Prepayments|t/o|176|
|Accruedlncome|5,102|5,754|
||6,217|6,450|



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|Cashatbank andon short ter|m deposit||||
|---|---|---|---|---|
||Unrestricted|Unrestricted|||
||grant|investment|||
||fundf|fund<br>c|2023<br>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|





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|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|



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||Preston|NorthWest|2023|2022|
|---|---|---|---|---|
||area<br>f|afea<br>€|Total<br>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|





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|ovement infunds-curre|nt year|||||
|---|---|---|---|---|---|
||At||lnvestment||AI|
||lJuly|lncoming|Resources|gains/|30June|
||2022<br>€|resources<br>f|expended<br>€|losses<br>€|2023<br>€|
|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<br>lJuly|lncoming|Resources|lnvestment<br>gains/|At<br>30June|
||2021|resources|expended|losses|2022|
||€|c|€|f|E|
|Unrestricted grant fund|71,581|54,9'19|<br>(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|



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|Analysisofnetassetsbetweenfun|ds-current year||||
|---|---|---|---|---|
||Unrestricted|Unrestricted|||
||grant||investment|Total|
||fund||fund|funds|
||e||f|f.|
|lnvestments<br>Net current assets|84,046||1,494,454<br>18,168|1,494,454<br>102,214|
||84,046||1,512,622|1,596,668|





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|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|



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||2023<br>€|2022<br>E|2021<br>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<br>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|