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||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|
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|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|
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|||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|
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|||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|
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|||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|
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|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|
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||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|
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|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|
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|Debtors|||
|---|---|---|
||2024|2023|
||a|L|
|lncome tax recoverable|'t,413|939|
|Prepayments|160|176|
|Accrued lncome|4,837|5,102|
||6,410|6,217|
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|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|
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|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|
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|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|
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||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|
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|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|
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|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|
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||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|