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 doC￿m￿nI, 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 pr￿uc$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
pl￿￿0110. 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 preS￿me 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 g￿Ven 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 fOn￿ard
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 ¢￿StIl￿teS 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, M￿lI￿ed 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 regulat￿nS 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 r￿kS 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 r￿OgnIsed 81 Iransactlon price unkss the
ariangement constitutes a financing Irans2clion. where the debt inslrurnenl is measured al Ihe p￿sent
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 prO￿ed$ and their Op￿ing 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 d￿￿ed 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
a￿a
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 TeMunera￿On was paid to any Irustee12024'.nlll.
There were no 9XP8nses r6imbur88d to any Iru51ees during the year12024'.nill.
The Insur￿Ce ¢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 Ma￿et 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 reSou￿e$
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 fo￿ard
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 a￿1 governance costs.
-18-