2023-04-05-accounts

		Page
Legal and admmistrative information
Trustees' report		2-3
Statement oftrustees'	responsibilities
Independent auditor's	report	5i7
Statement offinancial	activities
Statement offinancial	position
Notes to the financial	statements	10-15

The trustees present their annual report and finanmal statements for the year ended 5April 2023.
The financial statements have been prepared in accordance with the accounting poliaes set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubhc of Ireland published in October 2019".
The legal and administrative information page farms part ofthis report.
Objectives and activities
The Trust Deed permits the trustees to apply the Trust to such charities and for such charitable purposes and in such proportions and in such manner and subject ta such terms and conditions as they may determine.
The Trust aims to provide finanmal contributions to organisations (whether voluntary or otherwise) whose purposes are deemed by the trustees to be of benefit to those less fortunate in society or to society in general, with particular emphasis on the North of England.
Under the Trust Deed the trustees have absolute discretion as to the investment of the charity's funds. The Endowment Fund is represented by the unlisted company shares and therefore not available for reinvestment. Free reserve funds are generally placed on interest bearing deposits.
The pohcy ofthe trustees is ta donate only to local charities or charities ofwhich the trustees have close personal knowledge, interest or assamation and particularly those involving young people. Donations are not made to individuals (unless they are part ofa group or organisation with charitable status) or local authorities.
All applications to the Trust are considered and responded to by the trustees who provide help and assistance on a purely voluntary basis. The trustees review their policy on donations from time to time.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The Trust invests its funds cautiously taking advice as considered appropriate. The Trust does not undertake any activities to raise funds.
The Trust made 15(2022 3)donations to 14charities totalling f454,500 (2022:f125,000)to a wide range oforganisations and these are setout in detail in note 5to the accounts.
Financialreview
Reserves policy
The trustees consider that the charity requires an adequate level of reserves in order to protect its long term ability to maintain the level af regular charitable giving, having regard to the charity's main sources of income. The trustees' future policy is to seek to fully distribute its net income after retaining sufficient to maintain the real value ofthe Trust's accumulated reserves
At 5April 2023 free reserves weref787,473(2022:f810,875)
Risk management
The trustees have assessed the maior risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the malar risks.

JW	ers LLP	ers LLP
Chartered		Accountants
Statutory		Auditor

Genesis 5
Church Lane
Heslington
York
Y0105DQ

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2023	2023	2023	2022	2022	2022
			Notes	6	f.	6		6	6
Income
Investments				452,256		452,256	402,297		402,297
Expenditure
Charitable activities			4	468,674		468,674	129,538		129,538
Net income for the year				(16,418)		(16,418)	272,759		272,759
Other recognised		gains	and losses
Other gains or	losses		9	(6,894)	2,386,540	2,379,646	44,308		44,308
Net movement	in funds			(23,312)	2,386,540	2,363,228	317,067		317,067
Fund balances	at 6April 2022			810,785	18,691,660	19,502,445	493,718	18,691,660	19,185,378
Fund balances	at	5 April	2023	787,473	21,078,200	21,865,673	810,785	18,691,660	19,502,445

				2023		2022
			Notes	f.		6
Fixed assets
Investments			10		21,502,552		19,122,906
Current assets
Cash at bank and	in	hand		476,081		453,239
Creditors: amounts		falling due within one year	11	(75,960)		(38,700)
Net current assets					400,121		414,539
Total assets less	current liabilities				21,902,673		19,537,445
Creditors: amounts		falling due after more than
one year			12		(37,000)		(35,000)
Net assets					21,865,673		19,502,445
Income funds
Endowment funds					21,078,200		18,691,660
Unrestricted funds					787,473		510,785
					21,865,673		19,502,445

	Charity information
	The Patncia 8, Donald Shepherd Charitable Trust is an unincorporated chanty registered in England and Wales.
1.1	Accounting convention
	The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011, FRS I02	"The
	Financial Reporting Standard apphcable in the UK and Republic of Ireland" ("FRS102")and the Charities SORP "Accounting	and
	Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance	with
	the Financial Reporting Standard applicable in the UK and Reputilic of Ireland (FRS 102)"(effective I January 2010).The charity is a Public Benefit Entity as defined by FRS 102.
	The charity has taken advantage ofthe provisions in the SORP for chanties not to prepare a Statement ofCash Flows
	The financial statements have departed from the Chanties (Accounts and Reports) Regulations 2008 only to the extent required to
	provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
	The financial statements are prepared in sterhng, which is the functional currency ofthe charity.
	The finanaal statements have been prepared under the histoncal cost convention as modified for the fair value of investments.	The
	principal accounting policies adopted are set out below.
1.2	Going concern
	At the time of approving the financial statements, the trustees have a reasonable expectation that the chanty has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis ofaccounting in preparing the finanaal statements
1.3	Charitable funds
	Unrestricted funds are available for use at the discretion ofthe trustees in furtherance oftheir charitable objectives.
	Endowment funds are expendable funds at the discretion ofthe trustees under the terms of the trust deed.
1.4	Income
	Investment income isaccounted for in the period in which the charity is entitled to receipt.
1.5	Expenditure
	Expenditure is recognised once there is a legal or constructive obligation ta transfer economic benefit to a third party, it is probable that a transfer ofeconomic benefits will be required in settlement, and the amount ofthe obligation can be measured reliably.
	Expenditure is classified by activity. The costs of each activity are made up ofthe total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributabie to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attnbutable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis
	of time spent, and depreciation charges are allocated on the portion ofthe asset's use.
	Expenditure is included on an accruals basis
	Support costs have been allocated in full to charitable activities.
	Grants payable are accounted for as they are payable. The trustees correspond regularly to approve these grants.

		Charitable	Charitable
		Expenditure	Expenditure
		2023	2022
Grants payable (see note 5)		464,500	125,000
Share ofsupport costs (see note 6)		1,850	1,978
Share ofgovernance	costs (see note 6)	2,324	2,560
		468,674	129,538
Grants payable
		Charitable	Charitable
		Expenditure	Expenditure
		2023	2022
Grants to institutions
Antibiotic Research	UK	50,000
Bntish Red Cross (Ukraine Appeal)		20,000	10,000
Richard Shephard Music Foundation			10,000
SASH		30,000
Shepherd Group Brass Band		36,000
SBSA		50,000
North Yorkshire Scouts		10,000
The Island		75,000
York Cemetery Trust		50,000
York Festival Trust		10,000
York Food Bank		20,000
All Saints Church Newton		10,000
York Theatre Royal			105,000
York Against Cancer		100,000
Grants and donations	under 83,500	3,500
		464,500	125,000

FO	R THE yEAR ENDED 5	R THE yEAR ENDED 5	APRIL 2023
6	Support costs
			Support costs	Governance	2023	Supportcosts	Governance	2022
				costs			costs
	Bank charges		81		81	105		105
	Accountancy	fees	1,636		1,636	1,740		1,740
	Fee protection	insurance	133		133	133		133
	Audit fees			2,324	2,324		2,560	2,560
			1,850	2,324	4,174	1,978	2,560	4,538
	Analysed between
	Chantable activities		1,850	2,324	4,174	1,978	2,560	4,538

Other gai	ns or losses
					Unrestricted	Endowment	Unrestricted
					funds	funds	funds
					2023	2023	2022
					6	6	f
Unrealised	(losses)/gains	on	investment	assets	(6,894)	2,386,540	44,308

								2023	2022
								E	E
	Investments	at	fair value comprise;
	UK Equity share							424,352	431,246
	Other unlisted		securities					21,078,200	18,691,660
								21,502,552	19,122,906
1'I	Creditors: amounts			falling due within	one	year
								2023	2D22
								E	f
	Other creditors							72,000	35,000
	Accruals							3,960	3,700
								75,960	38,700
12	Creditors: amounts			falling due after more		than one year
								2023	2022
								E	E
	Trade creditors							37,000	35,000
13	Analysis of net assets between funds
							Unrestricted	Endowment	Total
							funds	funds
							2D23	2023	2023
								E	f
	Fund balances		at 5	April 2023 are represented		by:
	investments						424, 352	21,078,200	21,502,552
	Current assets/(liabilities)						400,121		400,121
	Long term liabilities						(37,000)		(37,000)
							787,473	21,078,200	21,865,673
							Unrestricted	Endowment	Total
							funds	funds
							2022	2022	2022
							E	E	f
	Fund balances		at 5 April 2022 are represented			by:
	Investments						431,246	18,691,660	19,122,906
	Current assets/(liabilities)						414,539		414,539
	Long term liabilities						(35,000)		(35,000)
							810,785	18,691,660	19,502,445