Charity No-. 222922 The Shepherd Street Trust Financial Slatements For The Year Ended 30 June 2025
THE SHEPHERD STREET TRUST CONTENTS Page Charlty informat Trustees, annual report Independent examlner'5 18POrt Statement ol financial aciivilies Balance sheel Notes to the accounts Fivo year linanclal sumrnary 18
THE SHEPHERD STREET TRUST GHARITY INFORMATION TYustee$ Mrs C Penny MBE DL- Chalrman S Shorlhouse- Joint Vice Chairman Dr M Whealman- Joint Vic6 Chalrman Mrs W Evans J Hairies Mrs D S Robertson T J Scoti Mrs K Whitaker Mrs S M¢Conkey Sècrètary Mrs J Turner Règlstor•d offlco POBox658 Longrldge Preston PR3 2WJ W8bsit8'. www.she e-rnail.. en herdstre¢llwst.co.uk she erdstreetlrusl.co.uk Charlty Number 222922 Ind8P8nd8nt èxamlnor N Mason FCA, OChA MHA Richard House Winckley Squara Preston PR1 3HP Investment agents TrinllyBrSdge 10 Crown Place London EC2A4FT
THE SHEPHERD STREET TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 The trustees have pleasure in presenting Ih8ir rewrt foi the year gnded 30 June 2025. The trustees have adopted Ihe provisions of the Slalemenl ol Recommended Praclice ISORPI 'Accounting and Reporting by Charities. IFRS1021 In preparing the annual report and financial st31ements of the ¢harily. The financial statement5 have been prepared in accordan with th8 accounting policies sal out in the notes lo the a¢count5 and comply with th8 charity's governing doCmnI, the Charities Act 2011 and Accounting and Reportillg by Charities.. Slalament of RecommendÈd Praclice applicable lo charities preparing Ihelr accounts in accordance with th8 Finan¢lal Reporting Standard 8ppllcabl8 In the UK and R8public ol Ireland published in October 2019. Oblects and aGtlvlties for the publlc beneflt Following the amendments to the scheme of operation, The Shepherd Street Trust, which was formerly known as The Shepherd Street Mission and Children's Home. now 8xisls lo provtde ban8fits for persons under th8 8gg 01 iwènty-one years who r88ide wilhin a r8dlus of fifty Miles of Preston city cenlre. Grants are made for spgcialist medlcal atlerhlion and equlpment. to relieve hardship and dislr&ss, to providè educational training and lo assist in Ihe provision of facilitigs lor re¢reatlon and leisure acllvities. The trust makes known ils grant awarding actsvilies through Its webslle. Applieants ar8 invited to subrnil a summary of their proposals on 2 specific lorm. The truste8s award grants In accordanc8 With the teTms of the trust deed. Applications lor grants of £500 and mor& be discuss8d 81 the Iru51ee me8tings held every two months unless there is a pressing need for funds, In which case, earlier con5ideratton will be made. Applications for grants of18ss than £500 will b8 decided upon by the trustees within four week5 of rec8ipI. There have been no changes in the trust's oblecls or activili8s since the L4st annual report. The tfuslees conflrm that they have referred lo Ih8 guidance contalned in th8 Charfty Commission's general guidance on public benefit when revlewing th8 Trust's alms and objectives and in planning future aclivities and setting the grant making policy for the year. Ttustees The trustees listed on paga 1 w819 appointed in 8ccordanc8 Wlth the trust deed. The trustees acting shall not be less than three nor rnore than ten ill number. New trustees are appointed by the Iruslees. The trustees look to appoint n8W trustees with expertise and know18dge and who hav8 an involvement in the care ol children and activities for which grants are sought. Th8y s elected to serve without limit of tirna, though the Chairman ol Truslees and other offi'ce holders are appolnt8d by the trustees annually. Charltable statu8 The trust is a reglslered charity governed by an ind8nlure dated 23 July 1894 and trust deed dated 13 March 1990. Structurei governance and management The trust is a registered ¢harily governed by trust deed. Tho Iruslees meet every two months to 8ddr&ss the busln65s of th8 trust and lo consider grant appllcatlons. Thè secretary deals wilh the day lo day adminislralion of the trust.
THE SHEPHERD STREET TRUST TRLISTEES, ANNUAL REPORT (CONTINUED} FOR THEYEAR ENDED 30 JUNE 2025 Flnanclal review (figures for 2024 are shown in brackets) The accounts annexed lo this report show income generated lor the year on Ihe grant fund Ipage 61 of £43,122 1£42,2661. After deducling 8XP8ndlture of £9,8771£9.3491, £33,2451£32,9171 was available ol which £46,103 1£39,9641 was paid out during the year in grsnts. The funds avalLabl8 for grants al the year 8nd amount8d to £64,141 1£76,9991. Grants approv8d bul not pald al lh8 year end amounted to £2,000 I£Nill. The inveslm8nt fund increased in value over th8 course of th8 year from £1,827,985 at 30 Jun8 2024 to £1,688,659 8130 June 2025. This occurred as a resu ol gains in thè year of £70,730 (Galn 01 £124,980). Invèstmgnt pollcy The trust deed authorfstss Ihe trustees to make investrnents using the general funds of the charity. Quoted inveslrnenls and other s8CUlities are held on behalf of the trust by the investment agenls, who act a5 ncwTrin8es. The trust's inveslrn8nts arts held in accordance with the trustees. power5. The inveslment fund is managed by Close Asset Management Limited. Their remit is to manage the trust's Investments withln a medium risk baL4n¢ed tK)rtfolio avoiding investments which adversely affect children. The Truslees meet twice a year with the ihveslment ag8nl lo review th8 Investment porlfolio of the charily and to discuss any proposals made by the inveslment agent. is the trustees. poSicy to Invest surplus funds in a spread of fixed interest and equity Stocks as well as in hlgh street bank and building society deposit awounls in orderto generate Income for grants and provide forlhe capital owlh in funds. In the truste8s' opinion, funds exist to enable the trust lo continue in operation into Ihe foreseeable futu. R•$aNes policy Ills the policy of the trust lo maintain unreslrict8d funds, which arefree serVeS ofthe trust, al a leval that provides sufficient funds to cover gTants payable and adminislralion costs and lo respond to em8rgency applications for grants which arise from Ilme to tsme. Unrestricted funds were maintained at similar lev8ts throughout th8 year. The Irustees ¢onfiimed Ihe fr88 reserves ol Ihe trust at the year gnd as £65,68112024.. £41.3431. The tiustees will conlinue to monitor res&rve5 Garefully to ensure that fulure commllments o8n be met. Rl$k manag8ment The trustees have 8x8mlned the major strategic, business and operational risks which the charity 18Cé5 and confirm that sys18rn5 have been established to enable gUlar reports to be pruc$d so that the nec8ssary steps can be taken to lessen those risks. The trustees consider the varL4blllty of invesimenl roturns on Ihe Unreslricled investment fund to constitute a rin8ncial risk. This Is rniligated by retaining expert investment managers and the holding of a diversified investment pl0110. The trustees lake a long tetm view and will take appropriate action in the future in consultation th the inveslm8nt manager.
THE SHEPHERD STREET TRUST TRUSTEES, ANNUAL REPORTICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Future perlods The trus1888 intend to conllnue to Tnanage the trust in accordance with its we5enl aims and objectives for the foreseeable futuie. Trustees, responsibilitie8 In relation to the flnanclal stat&monts The truste88 are responsibl& for preparlng the Trustees, Report and the financial slaternenls in accordanc8 With applicable law 8nd United Kingdom Accounting Standard5 (Unitéd Klngdom G9nerally Acc8pled A¢counling Pra¢llcel. The law appliGable lo charities requilgs the trustee5 to prepare Ilnancial slalement5 for each financial year which give a true and lair vlew of the state of 8ffairs ol the charity and of the incoming resources and 8pplScalion of resources ol the charity lor that period. In pr8paring these finÉncial slalements. the trLJslee5 are required lo.. select suilable ac(x)unting pdlcies and then apply them consistently,. ob89rve the methods and principles in the Charrties Statement of Rec(xrmended Practice 2019 IFRS1021'. makejudgements and e81irn8les that are r88sanable and prudent., slate whelher applicab18 accounting standards have b98n folbwed, subject lo any material (18partures disclosed and explained in the financial slatemenls. prepara the flnancial statements on the golng concem basrs unless it is Inappropriate to preSme that tho charity will continuè in operallon. The trustees are responslblè for keeping proper accounting records which (Jisclose with reastsn8ble g¢curacy at any lime the financlal position of the charity and to enable them to ensuie that the financial 81alemenls comply wilh the Charities Act 2011, Ihe Chari118s (Accounts and Reports) R8gulations 2008 and the provisions of the trust deed. They are also responsible f(x safeguarding Ihe assets ol the charity and henc8 for taking reasona>le steps for the prevention and deleclion of fraud and other irregularities. This report was approv8d by Ihe board ol Iruslees on 12 November 2025 End signed on its b8half. Mrs C P•nny MBE DL-Chalrman POBox658 Longrldge Preston PR3 2WJ
THE SHEPHERD STREET TRUST INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 I report lo th8 trustees on my examination ol Ihe a¢¢ounts of The Shepherd Slreel Trust for Ihg y88r ended 30 June 2025 set out on pages 6 10 18. R8$pon$ibilltl88 and basis of report As the ¢harity trust88s of The Shepherd Street Trust you are r8sponsible for the preparation of the aecounls in accordance with the requirements of the Charities Act 2011 (the 2011 A¢ll. l pOrt in respecl of my examination ol the trustee's a¢¢ounts carried out under section 145 of the 2011 Act and In car¥ying out my exgmlnalion I hav8 followed all lh6 applicable direclions gVen bylhe Charlty CommissÈon under section 14515llbl of the 2011 Act. Independgnt èxamlneV$ $¢atement I hav8 completed my examinalion. I can confirm Ih2t no material matters have come to my Èttentlon In connection wllh the 8xaminalion giving me cause to bell6ve that in any rnalerial respect.. Accounting records were not kept In SpeCt of The Shepherd Street Trust as required by se¢lion 130 01 th8 Act.. or The accwnts do nol accord wth those records,. or The accounts do not comply with the appliGable requiremenls conc8rning the form and conlenl of a¢¢ounts sel out in the Charitie5 IAc¢ounls and Reports) Regulations 2008 other than any Tequiremenl that the acLounts give a 'true and fair view, which is not a maller ¢onsld8r8d as pari of an independent examlnation. I have no concerns and hav8 come across no other m8tl8rs in conn8Ction wlth the examination to which allenlion should be drawn In this report in ord&r to enable a proper understanding of Ihe accounts to be reached. Nlcola Mason FCA. DChA MHA Chartered Accountants RichaTd House Wlnckley Square Preston PR13HP Date IWI,Igs
THE SHEPHERD STREET TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 UrbrestrlctBd Unre$lrictèd grant investment fund fund Total lund5 2025 Total hjnds 2024 Note Ineomlng resour¢es Donations and legades Charitable aclivilies Inv8stment income 267 267 42.855 42,855 42,266 Total incomlng rèsources 43.122 43,122 42,266 Resources expended Cost of raising funds Investment rnanagemenl costs Charitable aclivilles Grants Support costs 10,056 10,056 9.617 46,103 9.877 46.103 9,877 39,964 9.349 Ttstal r8sourc8s expendod 55,980 10,056 66.036 58.930 Net Incomlnglloutgoingl resources before ravaluation5, investment assèt dlsposals and tr8nsfers 112,8581 110,0561 122,9141 116,6641 Nel Snvestm8nl gainslllossesl.. 70,730 70,730 124,980 N•t rnovement In fund$ 112,8581 60.674 47,816 108.316 Resources brought forward 76,999 1,627,985 1,704.984 1,596.668 Resourc8s carried fOnard 64,141 1,688.659 1,752,800 1,704,984 The notes on pag8s 8 10 17 lorm part ol these accoun18
THE SHEPHERD STREET TRUST BALANCE SHEET AS AT 30 JUNE 2025 Unrestrlcted grant Fund UnrestYlct8d Investment Fund Total 2025 Total 2024 Note Fixed assets Investrn6nts 1,687.119 1,687.119 1,663,641 Current assets Debtors Cash al bank 7,797 62,436 7,797 66,594 6,410 41,848 io 4,158 70,233 4.158 74,391 48,258 Credltors.. Amounts falling due within one year 16,0921 12.6181 18.7101 16.9151 Net current a$set8 64,141 1,540 65,681 41.343 Net assets 64,141 1,688,659 1,752,800 1.704,984 Repr8S8ntod by: Funds Unreslricl8d grant fuTrd Unreslricled Inveslm8nt fund 64.141 64,141 1,688,659 76.999 1.627.985 1.688,859 Total funds 64,141 1,688.659 1,752,800 1.704,984 These accounts were 8pproved by th8 board on and signed on its behalf by.. Mvs C Penny MBE DL-Chalrman T J Scott- Trustee Th8 notes on page 8 10 17 form part ol these 8ecounls
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles Basls of preparatlon The Shepherd Street Trust is a chailly T8gislered In England and Wales. The address of th8 registered office Is given in tho charity information on page 1 of these financial stslemenls. The nature ol Ihe charlly s operations end principal activities are sel out on pag8 2 of the trustees, report. The financial $13lemenls have been prepared In accordance th Accounting and Reporting by Charilles.. Slalemenl of Re¢ommended Practice applicable lo charities preparing their accounts in accoidance wilh the Financlal Reporting Standard appaicable in th8 United Kingdom and Republic of Ireland IFRS 1021, the Charities Aot 2011 and UK Generally Accepted Practice as il appli8s Irom 1 January 2019. Th8 charity has taken advantage of the exemption available lor sm811 chariues from preparing a eash flow slatemerTrt in accordance with the Charities SORP {FRS1021. The charity ¢StIlteS a publi¢ benefit entily as defined by FRS 102. In law, nIn¢Orated charille5 are r8quired lo prepare their aoeounls in a¢cordance with the Charities (Accounts and Reports) Regulalions 2008, which are based on the Charities SORP 2005. Howgvgr, this h8s been wthdr8wn, and replaced with The Charities SORP IFRS 1021 bul as yel the Charities (Accounts and Reports) Regulations 2008 have not beon updated lo be based on The Charities SORP IFRS 1021. In order to show a true andlair view the accounts have departed from the Ch8111ies IA¢c(NJnls and r8porisl Regulallons 2008, and are prepÉred in ac¢ordance with The Chariti8s SORP (FRS 1021. as this is now U.K. Generalty Accepted Accounting Piacllce. The financial slalemenls have been wapar8d under Ihe hSslorical cosl eonvenlion, MlIed to includè ertain Items at lair value. The financ4al slalements are presented in sterling which is the functional curren¢y of the ch8rity. The significant accounting pollcie5 applied in the preparation of Ih6s8 financial sl8temenls are sel out below. These s)olicies have b8en conslstently applied to all years presented unless othewlse slaled. Golng concern The flnanci81 statement5 have been prepared on a golng concern basis as th8 trustees belleve that no m818rial uncertainly exists that casts doubl on Ihe tIUSts' ability lo continue lo operate. The Iruslees hav8 considered th@ level of funds held and the expecled level of income and expenditure for the twelve months from thè dale of the aulhoiising of these financial slal$ment5. The budgeted incorne and expendilure is sufficient with the revel of reserves lor Ihe trust lo be ab18 to ¢ontlnu8 as a going concem. The trustees 10ge(her with Ihe invèslmenl manager, TrinityBridge, wlll continue to monitor the posilion of the inv8slments.
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Accountlng policles (continued) Incom8 recognltlon All income Is recognised once th8 charity has enlillemenl to receipt and it is probabkg that (he Income will be received and the amourit of income receivable can be measured relialAy. All income is includ8d in the Statement ol Financial Aclivili8S. Donalions ar6 rècognlsed when the charily has been notified in writing of both the arnount and seltlement date. In the event that a donation is subieel to conditions that requlre a levgl ol p8rformance before the charily is entitled to the funds Ihen the incom8 is deferred until thos8 conditions are fully met or the fuifilmenl of those conditions is within the contrd of the charity and il 15 probable that Ihey will be fu5nlled. The enlillement to leg8cie5 Is taken as the earl¥er of the dale on whi¢h either. Ihe charity is awarè that probate has been granled, lh8 estate has bèen finalised and notification has been made by the executor lo the ¢harily Ih818 distribution wlll be mad8, or when a distribution is r8c8ived from the estate. Receipt of a18g8cy, in whole or in part, is only Considered prDb2ble when the atnounl c8n bè measured reliably, and the charity has been notified of Ihe executor's intentlon to make a distribution. Whère legacSas hav8 been notified to the charlty, or the charity is aware ol Ihe granting of probate and Ihe cri16ria for inoome recognition ha5 not been mel, then the legacy is treated as a conting8nl asset and disclose(5 if material. Where a gift is in the form ol an asset other than cash or a financial a58et traded on an acknowledged Stock exchange, recognition is Subject to the value of th8 grft being reliably measurable with a deuree of reasonable accuracy and the title lo the 8Ssel havlng been Iran818rr8d to the Ghdrity Inve81m0nt income is recognis8d in the period in which lh8 charity is entitled to receipt. Expendlture recognition All expenditure is accounledforon an accruals b88iS and has been allocated to the fund to whlch il relales. Exp8ndilure 15 reeognSsed where Ihere Ss a legal or constructive obligation to make payment. il is probable that setlletnent will b8 required and the amount of the obligation can be m8asur8d reliably. The charity is not regisler8d for VAT. consequently, input VAT Incurred Is char98d against the expenditure heading to which it relates. Grants approved are only accounted lor when th8y are paid. Grants which have be8n awarded bul n< paid at the perfod end are noted 8S 8 commitment. Allocatlon of support and governance costs Support costs are those costs incurred that assist the work of the charity but do nol dlreclly repres8nt charitable a¢livit18s. They ar6 in sustained sUPPOrt ol expenditure on the objects of the charily. Governance costs ar8 those costs relaling lo th8 publie accounlability of the charity and its ¢ornpliance with regulatnS and good ¢harily practicès. The Iruslees have decided that aw such costs bè met from unrèstricted funds. Investments Inveslrnents are initially recwnlsed at their transaction vÈlu6 and subsequenily m6asured at th8ir fa valu& al the balance sheel date using the closing quoted market price as quoted on th& London Stoek Exchange and. in the case of forelgn Inveslrnents, on their respeclive stock 8xchange5. Flnancial in5trument$ Financial in5trurnenls are recognised in the ¢harily's ba18nce sheel when the charily becomes party lo the contractual provision5 01 th8 inslrum8nt.
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Accounting pollclos Icontlnugdl Basic financlal assets Basic financial assets, whrch include ban5. debtors and ¢ash and bank balances. ar8 measured al transaction price includlng Irans8Ction cosls. Other financial 8ssets All th9 charlty's financial assets f811 to b8 classed as basie financial assets and Ihe charity Iherelore has no other financial assets. Impalrment of financlal a$sets Financlal assels, other than those held al falr value through statement of finanaal activitie8, are assessed lor Indicators of impalrment at each reporting end dal8. Flnancial assets are impaired where there 15 objectlV8 eviden that, &5 8 result of one or more 8V8nls that occurred art8r Ihe initial recognllion of the financial asset, the 68timaled luluie cash flows have been affected. If an asset is irnpaired, the impairment loss is Ihe difference b8lw8en the ¢arrylng amounl and the presenl value of the estlm818d cash fFows discounted 81 the asset's original eff8clive interest rate. Th8 irnpairmenl loss is recognised in the slalement of financial aclivili8S. Derecognitlon of financlal a5S8ts Financial as5et5 are derecognised onlywhen thg contractual rights to the cash flows from the a8set expire or are settled, or when the charlty transfers the financial asset and substanllally all the risks and rewards of ownership lo anolh8r entity, or il som8 significant rkS and iew8rds ol ownership are retain8d bul conirol of the asset has transferred to another party that is able io sell the asset in ils enliiety lo an unrelated Ihird party. Classlfication of flnanci31 liabtlities Financial li8bilities arè ¢lassified according lo the substanc8 ofthe contractual arrang8menls entered into. Basic flnanclal Ilablllties Basic financial liabllllle5. Including ¢redSlo¥s, ar8 initlally rOgnIsed 81 Iransactlon price unkss the ariangement constitutes a financing Irans2clion. where the debt inslrurnenl is measured al Ihe psent value of the fulure receipts discounted al a maikel ra18 of inlerest. Flnancial Ilabllilles classlffed a5 payable within one y@8r are not amortlsed. Trade creditors are obligations lo pay for goods or seMc&s that have been 8cqulred in Ihe ordinary course of business from suppliers. Amounts payable are classified as current liabilllies if payment is due within one year orles5. If not, Iheyare presented as notkcurrenl liabllS1ies. Trade cr8dilors are cogniSed initially at Irans8Ction price and subsequently measured at amoriised cost using the effectiv8 interest method. Other flnancial Ilabllltles All the charity's financial Ilabilikn'es fall to be Gla55ed a5 basic financial liabllities and the charity therefor8 has no othei financial liabili11gs. -10-
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Accouvbtlng pollcles Icontlnuedl Derecognltlon of flnancial Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations explre or are discharged or csncelled. R?a1150d gallls and losses All gains and losses are taken to the Stal8m8nt of Financial Acllvities as they arise. Reali5ed galns and losses on investments are calculated as the differ8nc8 between sale prOed$ and their Oping carrying value tsr their purchase value if acquired subsequenl to Ihe fir51 day ol th¢ financial year. Unrealised galns aftd losses are calculal8d as the differen between cost, if acquired during th8 y8ar, their lair value al the previous year end and thelr lair value at the curr8nl year end. Unrestricted funds Unre51riGted funds are funds which are available lor use at the dlscretion of the Irusle8s in furtheran ol the general obje¢lives of the charily and which hav8 not been designated for other purposes. The trust's funds are ded between a gTant fund, which carries out the objectives ol the charity, aThl a designated investment fund whi¢h comprises ol investments which generate th8 income us8d in the grant fund. Donations and legaci85 2025 2024 Don8lions 267 267 Charltable actlvltlos 2025 2024 Grants r81urned
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Investment incom6 2025 2024 Interest.. Corporate loan slod( 11,776 9,506 Dividènds Ordinary shares Mutual and unitised lund8 19.369 11.314 21,823 10,670 Interesl on bank deposits 42,459 396 41.999 267 42.855 42,266 Co$t of fund rai81ng- investment managemont co$ts 2025 2024 Inveslmant agenl's charges 10,056 9,617 10,056 9,617 Charltablè actlvitles Prèston North West aa area Grants pald 2025 Total 2024 Total Indlvlduals Educ81ion & training Hardship Medical and counselling Sports & play 1,185 1,014 2,835 433 4,020 1,447 5,810 1.330 1,266 1,266 945 In5titutlons Education & training H8rdshlp Guides, scouts & youth groups Medical and counselllng Sports & play 5,133 5,725 10.728 4,344 15.861 10,069 13,258 12,300 2.638 10.802 13,440 6.321 15,695 30,408 46,103 39,964 All grants are rn8d8 in accordance with the obje¢ls ol th8 charity. -12-
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Support costs 2025 2024 S8cr61ary's lees Poslage and stationery Telephone Insurance Travelling expenses Web511e and computer costs Data protection fees ank charges Governance costs Ise8 analysls below) 4.707 515 237 260 277 210 47 3.753 476 405 306 245 209 35 60 3,860 3,564 9,877 9,349 No TeMuneraOn was paid to any Irustee12024'.nlll. There were no 9XP8nses r6imbur88d to any Iru51ees during the year12024'.nill. The InsurCe ¢harge of £29812024..£ 2911 Includes cov8r for trustees li8bilily insuran. Governance costs 2025 2024 Aecount8n¢y chargès Indep8ndent examination charges Investment administralion charges 2,964 600 3,260 600 3.564 3,860 Investmènts 2025 2024 Movement In Investments arket valu8 al 1 July 2024 Addition8 to Inveslments al cost Disposals at Maet value Nel inveslrnent gainslllossesl on revaluatlon 1.663,641 206.292 1253.5441 70,730 1,494.454 238,034 1193.8271 124,980 Market valuè at 30 June 2025 1,687,119 1.663,641 Nel ¢a$h re81ised from investments sold In Ihe year was £253,54412024'. £193,827). -13-
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Investments Icontlnued 2025 Markot value 2025 2024 Mark8t value 2024 Invoslmenls comprlse., Cost Cost Quottrd Investments Corporate loan slock Ordinary shares Mutual and uniti$¢d funds Hedge funds 281,862 849,468 457,686 118,103 274,546 684,323 344.290 95.870 258,885 875.558 410,968 118,230 273,306 720.286 329,174 95,870 1,687,119 1,399,029 1,663.641 1.418,636 The rnarkel value ol inve8tFnents has bèen calculale(l uslng th8 mid market price al 30 June 2025 by lh8 trust's inve51m8nt agents, TrinityBridge. Inveslmenls ar8 held by TrfnityBiidge as nominees on behalf of the Irusl. D8btor8 2025 2024 Income tax recoverable Prepayments Accrued Income 1.901 199 5,697 1,413 160 4,837 7,797 6,410 10 Cash at bank and on Short term d8POSIt Unrestrl¢led Unrestrlcted grant Invèstment fLrnd fund 2025 2024 Close depoxll a¢counl CAF deposit 8ccounl Cash 35,632 26,796 4,158 39.7 26,7 2.577 39,263 62,436 4,158 66,594 41,848 -14-
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 11 Credltors- amounts falllrtg due wlthin one year 2025 2024 Accrua15- Grant fund Accruals- Inve8lm8nl fund 6,092 2,618 3.894 3,021 8,710 6,915 12 Contlngencies Th8re were no wntingenl liabili118s at 30 June 202512024'.nil). 13 Monles avallablo for grant purposes 2025 2024 Grant fund BAlance at 30 June 2025 Less.. Grants approved bul not paid at the year end 64.141 12,0001 76,999 Avallablè for future grants 62,141 76,999 14 Monie$ avallable for grant purposes Icontlnuedl Preston North West area area 2025 Total 2024 Ttstal Grants approved but not pald Individuals Education & training Hardship Medic81 and counselling Institutlons Education & tralning GLJid85, Scouts & youth groups Sports & play 2,000 2,000 2,000 2,000 All grants are made In accordance wllh the objects of the charlly. -15-
THE SHEPHERD STREET TRUST NOTES ro THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 15 Analysis of charitable funds The unrestricted gr8nt fund is avallable for use at the direolion of the tru51ees in furtherance of the general objeetives ol the charity 8nd which has not b&¢n designated for other purposes. The unrestricted Investsn8nl fund is a lund established from previousty owned invesknenls together wlh the proceeds from the disposal of the charity'5 prop£riy and ass6ts from when it was the Shepherd Street Misslon and Children's Home. Th8 investments in the fund are held lor their capital appre¢lalion and a150 to generate incorne for the unrestricted grant fund. Movement In funds- current year At 1 July 2024 Investment galn81 losses At 30 June 2025 Incomlng rèsour¢es Resources 8xpèndèd Unrestricted grant fund 76.999 43,122 {55,9801 64,141 Unrestricted inveslmenl fund 1,627,985 110.0561 70,730 1.688,659 1,704,984 43.122 166,0361 70,730 1,752,800 Movemant In fund$- prevlous year Al l July 2023 Inve5trnent At 30 June 2024 Incomlng resources Resources expondèd losses Unrestricled grant fund 84,046 42,266 149,3131 76,999 Unrestricted investment fund 1,512,622 19,6171 124.980 7,627,985 1,596,666 42.266 158.9301 124,980 1.704,984 16 Analysls of net assets betwe8n funds- current year Unrestricted Unrestrleted grant investment fund fund Total funds Inv8strnents Nel cuirenl 8SS&ts 1,687,119 1,540 1,687,119 65,681 64,141 64.141 1,688,659 1.752,800 -1
THE SHEPHERD STREET TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THEYEAR ENDED 30 JUNE 2025 16 Analysls of net assets belwe8n funds Icontlnuedl Analysls of nel assets b8tW8en funds- pr•vlous year Unrestr5cted Unrèstrlcted gyant investment fund fund Total funds Inveslm8nts Net current assets 1.663,641 135,6561 1.663,641 41,343 76,999 76,999 1,627.985 1,704,984 17 R8latfrd party Éransac¢lons There were no related party Iransaolions during th8 yè8r12024.'Nill. -17-
THE SHEPHERD STREET TRUST FINANCIAL SUMMARY FOR THE FIVE YEARS ENDED 30 JUNE 2025 2025 2024 2023 2022 2021 Incomlng resources Donation5 and leg8ei8S Charitable activities Investment incom8 267 10,030 200 1.510 52,981 42,855 42.266 46,752 54.919 Total In¢omlng reSoue$ 43,122 42,266 56,782 54,919 54.691 Rè50urces expended Gr8nls and donations Total charity cosl5' 46.103 19,933 39,964 18,966 37.192 19,851 42,451 18,929 34,206 18,611 Total re80urces expended 66,036 58,930 57,043 61,380 52,817 Net incomtnglloutgoin91 resour¢es for the year before revaluations, Investment asset dlsposals and transfers 122,914) {16,6641 12611 16,4611 1.874 Re81is8d 8nd unrealised gain511108sesl on investments 70,730 124,980 26,086 166,3861 165.455 Net rnovement In funds 47,816 108,316 25,825 172,8271 167,329 R8sources brought lorward 1.704,984 1,596.668 1,570,843 1,643.670 1,476.341 Resources carried foard 1,752,800 1,704,984 1,596,668 1,570,843 1,643,670 Grant funds Investment fund 64.141 1,688,659 76,999 1,627.985 84.046 1,512.622 75,101 1,495,742 71,581 1,572,089 Tot81 funil$ 1,752.800 1,704,984 1,596,668 1,570,843 1.643,670 Granis lo date totallino £1,613,952 have been paid out to apiAicanls since the trust began maklng awards in 1990. 'Tolal charlly ¢osls comprlsa Investment management. grant administration a1 governance costs. -18-