| Page | |
|---|---|
| Charity information | |
| Trustees' annual report | 2 |
| lndependent examiner's report | 5 |
| Statementoffinancial activities | 6 |
| Balance sheet | 7 |
| Notes tothe accounts | 8 |
| Five yearfinancial summary | '18 |
| Trustees | N.4rsC PennyN.,IBEDL-Chairman |
|---|---|
| SShorthouse-Joint Vice Chairman Dr MWheatman*JointVice Chairman |
|
| lvrs W Evans | |
| JHarries | |
| MrsDS Robertson | |
| T JScott | |
| MrsKWhitaker | |
| MrsSMcconkey | |
| Secretary | i\,4rsJTurner |
| Registered office | POBox 658 |
| Longridge | |
| Preslon | |
| PR3 2WJ | |
| Website: www.sheoherdstreettrust.co.!k | |
| e-mail: enouiries@shepherdstreettrust.co.uk | |
| Charity Number | 222922 |
| lndependent examiner | NMason FCA, DChA |
| I\,4HA | |
| Richard House | |
| Winckley Square | |
| Preston | |
| PR1 3HP | |
| lnvestment agents | Close Asset[ranagementLimited |
| 10CrownPlace | |
| London | |
| EC2A 4FT |
| Unrestricted | Unrestricled | Total | Total | ||
|---|---|---|---|---|---|
| grant | investment | funds | fr.inds | ||
| fund | fund | 2024 | 2023 | ||
| Note | € | i | f | ||
| lncomingresources | |||||
| Donations and Iegacies | 2 | 10,030 | |||
| Charitable activities | |||||
| lnvestment income | 4 | 42,266 | 42,266 | 46,752 | |
| Totalincomingresources | 42,266 | 42,266 | 56,782 | ||
| Resources expended | |||||
| Costof raisingfunds | |||||
| lnvestment management costs | 5 | 9,617 | 9,617 | I,206 | |
| Charitable activities | |||||
| Grants | 6 | 39,964 | 39,964 | 37,192 | |
| Support costs | 7 | 9,349 | 9,349 | 10,645 | |
| Total resources expended | 49,313 | I,617 | 58,930 | 57 043 | |
| Netincoming/(outgoing)resources | |||||
| before revaluations, investment asset | |||||
| disposals andtransfers | (7.047) | (9,617) | (16,664) | (261) | |
| Netinvestment gains/(losses) | I | 't24,980 | 124,984 | 26,086 | |
| Netmovementinfunds | (7,047) | '115,363 | 108,316 | 25,425 | |
| Resources brought forward | 84,046 | 1,512,622 | 1,596,668 | 1,570,843 | |
| Resources carriedforward | 76,999 | 1,627,985 | 1,7A4,9A4 | 1,596,668 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| grant | lnvestment | Total | Total | ||
| Note | Fundt | Fund € |
2024 € |
2023 e |
|
| Fixedassets | |||||
| lnvestments | 8 | 1,663,641 | 1.663,641 | 1.494,454 | |
| Current assets | |||||
| Debtors | 6,410 | 6,4'10 | 6,217 | ||
| Cash at bank | 10 | 74,483 | (s2,635) | 41,848 | 105,347 |
| 80,893 | (32,635) | 48,258 | 111,564 | ||
| Creditors: | |||||
| Amounts falling due within one year | 11 | (3,894) | (3,021) | (6,91s) | (9,350) |
| Netcurrenlassets | 76,999 | (35,656) | 41,343 | 102,214 | |
| Netassets | 76,999 | 1,627,985 | 1,704,9A4 | 1,596,668 | |
| Representedby; | |||||
| Funds | |||||
| Unrestricted grant fund | 76.999 | 76,999 | 84,046 | ||
| Unrestricted investment fund | 1,627,985 | 1,627,985 | 1,512,622 | ||
| Totalfunds | 76,999 | 1,627,985 | 1,704,984 | 1,596,668 |
| 2024 t |
2023 € |
||
|---|---|---|---|
| lnterest: | Corporateloan stock | 9,506 | 4,467 |
| Dividends | Ordinary shares | 21,823 | 26,129 |
| Mutual and unitised funds | 10,670 | 16,072 | |
| 41,999 | 46,668 | ||
| lnterest on bank deposits | 267 | 84 | |
| 42,266 | 46,752 |
| 2024 | 2023 |
|---|---|
| f | e |
| I,617 | 9,206 |
| 9,617 | 9,206 |
| Charitableactivities | ||||
|---|---|---|---|---|
| Preston | North West | 2024 | 2023 | |
| Grants paid | area €f |
area |
Total e |
Total E |
| lndividuals | ||||
| Education&training | 514 | 5,296 | 5,810 | 11,350 |
| Hardship | 1,330 | 1,330 | 2,949 | |
| l.4edicaland counselling | ||||
| Sports&play | 945 | s45 | ||
| lnstitutions | ||||
| Education&training | 4,000 | 9,258 | 13,258 | 442 |
| Hardship | 7,000 | 5,300 | 12,300 | |
| Guides, scouts&youth groups | 6,830 | |||
| Medical and counselling | 6,000 | |||
| Sports&play | 1,171 | 5,150 | 6,321 | I,621 |
| 12,685 | 27,279 | 39,964 | 37,192 |
| Supportcosts | ||
|---|---|---|
| 2024 € |
2023t | |
| Secretary's fees | 3,753 | 4,237 |
| Postageand stationery | 476 | 485 |
| Telephone | 405 | 623 |
| lnsurance | 306 | 280 |
| Travelling expenses Website and computer costs |
209 | 250 u7 |
| Data protection fees | 35 | |
| Bank charges | 60 | 64 |
| Governance costs(seeanalysis below) | 3,860 | 4,024 |
| 9,349 | '10,645 |
| Governancecosts | |||
|---|---|---|---|
| 2024 | 2023 | ||
| t | c | ||
| Accountancy charges | 3,260 | 3,424 | |
| lndependent examination charges | 600 | 600 | |
| lnvestment administration charges | |||
| 3,860 | 4,024 | ||
| 8 | lnvestments | ||
| 2024 € |
2023I | ||
| Movementin inveslments | |||
| l\y'arketvalueal 1July2023 | I,494,454 | 1,453,920 | |
| Additions to investments at cost | 238,034 | 323,843 | |
| Disposals at market value | (193,827) | (309,335) | |
| Netinvestment gains/(losses) on revaluation | 124,980 | 26,086 | |
| Marketvalueat 30June2024 | 1,663,641 | 1,494,454 |
| lnvestments(continued) | ||||
|---|---|---|---|---|
| 2024 | 2024 | 2023 | 2023 | |
| lnvestments comprise | Market | Market | ||
| value | Cost | value | Cost | |
| c | € | € | ||
| Quoted investments | ||||
| Corporaleloanstock | 258,885 | 273,306 | 245,015 | 273,305 |
| Ordinary shares | 875,558 | 720,286 | 726,809 | 624,394 |
| tvlutualand unitised funds | 410,968 | 329,174 | 387,447 | 358,442 |
| Hedgefunds | 118,230 | 95,870 | 135,183 | 122,104 |
| 1,663,641 | 1,418,636 | 1.494,454 | 1,378,246 |
| Debtors | ||
|---|---|---|
| 2024 | 2023 | |
| a | L | |
| lncome tax recoverable | 't,413 | 939 |
| Prepayments | 160 | 176 |
| Accrued lncome | 4,837 | 5,102 |
| 6,410 | 6,217 |
| Cash atbank and on short ter | m deposit | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| grant | investment | ||||
| fund e |
fundI | 2024 a |
2023 f |
||
| Close deposit account | 35,212 | (32,635) | 2,577 | 56,385 | |
| CAF deposit account | 39,263 | 39,263 | 48,954 | ||
| Cash | 8 | B | 8 | ||
| 74,483 | (32,635) |
41,848 | 105,347 |
| Creditors-amountsfallingduewithinone year | ||
|---|---|---|
| 2024 | 2023 | |
| € | t | |
| Accruals-Grant fund | 3,894 | 6,345 |
| Accruals-Investment fund | 3,021 | 3,005 |
| 6,91 5 | 9,350 |
| Monies availablefor grantpurposes | ||
|---|---|---|
| 2024 | 2023 | |
| c | € | |
| Grantfund | ||
| Balanceat30 June2024 | 76,999 | 84,046 |
| Less:Grants approved but notpaid atthe yearend | 2,770 | |
| Available forfuturegrants | 81,276 |
| Preston | North West | 2024 | 2023 | |
|---|---|---|---|---|
| areaf | afea € |
Total e |
Total € |
|
| Grants approved but notpaid | ||||
| lndividuals | ||||
| Education&training | 1,600 | |||
| Hardship | ||||
| i,,ledicaland counselling | ||||
| lnstitutions | ||||
| Education&training | ||||
| Guides, scouts&youth groups | 1.170 | |||
| Sports&play | ||||
| 2.770 |
| ovementinfunds-curre | ntyear | ||||
|---|---|---|---|---|---|
| At | lnvestment | At | |||
| lJuly | lncoming | Resoutces | gains/ | 30June | |
| 2023 € |
resources f |
expended € |
lossest | 2024 c |
|
| Unrestricted grant fund | 84,046 | 42.266 |
(49,313) | 76,99S | |
| Unrestricted investment fund |
1.512,622 | (9,617) | 124,980 | 1,627,985 | |
| 1,596,66B | 42,266 | (58,930)124,980 | 1.704,984 |
| Movementinfunds-pre | vious year | ||||
|---|---|---|---|---|---|
| lnvestment | At | ||||
| lJuly | lncoming | Resources | gains/ | 30June | |
| 2022 9. |
resourcest | expended I |
losses € |
2023 € |
|
| Unrestricted grant fund | 75,101 | 56,7A2 | $7.837) |
84,046 | |
| Unrestricted investment fund |
1,495,742 | (9,206) | 26,086 |
1,512,622 | |
| 1,570,843 | 56,782 | (57,043)26,086 | 1,596,668 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| grant | investment | Total | |
| fund t |
fund a |
fundst | |
| lnvestments | 1,663,641 | 1,663,641 | |
| Netcurrent assets | 76,99S | (35,656) | 41,343 |
| 76,9991,627,985 | 1,704,984 |
| Analysisof net assets betweenfund | s-previous year | s-previous year | |
|---|---|---|---|
| UnrestrictedUnrestricted | |||
| grant fund |
investment fund |
Total funds |
|
| €€ | € | ||
| lnvestments | 1,494,454 | 1,494,454 | |
| Netcurrent assets | 84,046 | 18,168 | 102,214 |
| 84,0461,512,622 | 1,596,668 |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| € | c | c | E | t | |
| lncomingresources | |||||
| Donations and legacies | 10,030 | 200 | 417 | ||
| Charitable activities | 1,510 | 2,413 | |||
| lnvestment income | 42.266 | 46.752 | 54,919 | 52,981 | 51,686 |
| Totalincomingresources | 42,266 | 56,782 | 54,919 | 54,691 | 54,516 |
| Resources expended | |||||
| Grants and donations | 39,964 | 37,192 | 42,451 | 34,206 | 42,466 |
| Total charitycosts' | 18,966 | '19,851 | 18,929 | 18,611 | 19.110 |
| Total resources expended | 58,930 | 57,043 | 61,380 | 52,817 | 61,576 |
| Netincomingi(outgoing) | |||||
| resources for the year | |||||
| belore revaluations, | |||||
| investment assetdisposals | |||||
| andtransfers | (16,664) | (261j | (6,461) | 1.874 | (7.060) |
| Realised and unrealised | |||||
| gains/(losses)on | |||||
| investments | 124.9A0 | 26,086 | (66,366) | 165,455 | 145.551 |
| Netmovementinfunds | 108,3'16 | 25,825 | 172,827) | 167,329 | (152,611) |
| Resources brought forward | 1,596,668 | 1,570,843 | 1,643,670 | 1,476,341 | 1,628,952 |
| Resources carriedforward | 1,704,984 | 1,596,668 | 1,570,843 | '1,643,670 | 1,476,U1 |
| Grantfunds | 76,999 | 84,046 | 75,1 01 | 71,58'1 | 60,416 |
| lnvestment fund | 1,627,985 | 1,512,622 | 1,495,742 | 1,572,089 | 1,415,925 |
| Tolalfunds | 1,704,984 | 1,596,668 | 1,570,843 | 1,643,670 | 1,476.341 |