**REGISTERED CHARITY NUMBER: 285347**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **FOR**
## **THE WILLIAM SHRIMPTON TRUST**
Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
**THE WILLIAM SHRIMPTON TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
**THE WILLIAM SHRIMPTON TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objective of the charity is to relieve the needs of disabled persons and their families by providing practical help, holidays and a home base. Also to relieve people who are in conditions of need, hardship and distress and in particular by providing accommodation or otherwise for such charitable purposes as the trustees shall think fit.
## **Public Benefit Statement**
The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The trustees are satisfied that the charity continues to meet the required public benefit test through its objectives and activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Trust continues to be used as per the stated aims and objectives, providing long-term accommodation and short-term respite stays at Chuck's Cottage, alongside holiday accommodation at Little Chucks. Many of the latter have been able to stay at no charge, enabling them to enjoy a much-needed time of rest and refreshment. Additionally, both properties have hosted local disabilities groups for day visits.
The Trustees have maintained the properties to a high standard. Little Chuck's Cottage has benefited from extensive roof repairs. Chuck's Cottage has seen the installation of new gates to increase safety and security. Internal decoration and furnishing are reviewed and appropriate action taken on a regular basis.
The Accounts show a small deficit for the year, but the overall financial situation remains healthy with sufficient funds to cover both planned future works and unseen emergencies. The William Shrimpton Trust has partnered with Flagstone Group PLC for improved investment returns, the benefit of which is expected to show in next years accounts.
## **FINANCIAL REVIEW**
For the year ended 31st December 2023 the charity made a loss of £6,121 compared to a loss of £5,373 for the year ended 31st December 2022.
The charity continues to maintain a level of reserves such that it will be able to meet any foreseeable repairs or renewals of its assets. The level of reserves held as shown in the Balance Sheet are £964,264, (2022 - £970,385) but of this amount £820,436, (2022 - £820,436) consists of freehold property.
Reserves which are surplus to current requirements are accumulated to finance future improvements to the charity's property and to fund future developments.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document, a deed of trust dated 4th August 1982 and constitutes an unincorporated charity.
## **Organisational structure**
The charity is managed by the Trustees whose number shall not be less than three and if the number is reduced to below three, the continuing trustee or trustees may act for the purpose of appointing a new trustee. The Trustees receive no remuneration for serving as Trustees.
All Trustees must have confirmed in writing their belief in the articles of the Christian Faith.
Page 1
**THE WILLIAM SHRIMPTON TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 285347
## **Principal address**
Chucks Cottage Chucks Lane Walton on the Hill Tadworth Surrey KT20 7UB
## **Trustees**
H Shrimpton Chairman J Munt M Lawrence
## **Independent Examiner**
P D Longstaff FCA Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
Approved by order of the board of trustees on 5th August 2024 and signed on its behalf by:
H Shrimpton - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIAM SHRIMPTON TRUST**
## **Independent examiner's report to the trustees of The William Shrimpton Trust**
I report to the charity trustees on my examination of the accounts of The William Shrimpton Trust (the Trust) for the year ended 31st December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P D Longstaff FCA
Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
18th September 2024
Page 3
## **THE WILLIAM SHRIMPTON TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|||**31.12.23**|31.12.22|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**funds**|funds|
||Notes|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||**29,589**|15,241|
|**Charitable activities**||||
|Respite Care||**3,705**|6,810|
|Investment income|2|**1,125**|679|
|**Total**||**34,419**|22,730|
|**EXPENDITURE ON**||||
|**Charitable activities**||||
|Respite Care expenses||**40,390**|27,843|
|Other||**150**|260|
|**Total**||**40,540**|28,103|
|**NET INCOME/(EXPENDITURE)**||**(6,121)**|(5,373)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||**970,385**|975,758|
|**TOTAL FUNDS CARRIED FORWARD**||**964,264**|970,385|
The notes form part of these financial statements
Page 4
**THE WILLIAM SHRIMPTON TRUST**
## **BALANCE SHEET 31ST DECEMBER 2023**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
8
Unrestricted funds:
General fund
Designated Property fund
**TOTAL FUNDS**|**31.12.23**
**Unrestricted**
**funds**
**£**
**820,436**
**3,145**
**141,445**
**144,590**
**(762)**
**143,828**
**964,264**
**964,264**
**143,828**
**820,436**
**964,264**
**964,264**|31.12.22
Total
funds
£
820,436
2,652
148,023
150,675
(726)
149,949
970,385
970,385
149,949
820,436
970,385
970,385|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5th August 2024 and were signed on its behalf by:
H Shrimpton - Trustee
The notes form part of these financial statements
Page 5
**THE WILLIAM SHRIMPTON TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Freehold properties are included at cost or valuation at the time of acquisition.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**31.12.23**|31.12.22|
||**£**|£|
|Deposit account interest|**1,125**|679|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
## **Trustees' expenses**
During the year H Shrimpton, a trustee of the charity, received a total of £682 (2022 - £2,395) in respect of repair work carried out to property owned by the Trust.
There were no other trustees' expenses for the year ended 31st December 2023 nor the year ended 31st December 2022.
Page 6
continued...
## **THE WILLIAM SHRIMPTON TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|
|||Unrestricted|
|||funds|
|||£|
||**INCOME AND ENDOWMENTS FROM**||
||Donations and legacies|15,241|
||**Charitable activities**||
||Respite Care|6,810|
||Investment income|679|
||**Total**|22,730|
||**EXPENDITURE ON**||
||**Charitable activities**||
||Respite Care expenses|27,843|
||Other|260|
||**Total**|28,103|
||**NET INCOME/(EXPENDITURE)**|(5,373)|
||**RECONCILIATION OF FUNDS**||
||Total funds brought forward|975,758|
||**TOTAL FUNDS CARRIED FORWARD**|970,385|
|**5.**|**TANGIBLE FIXED ASSETS**||
||**Freehold land and buildings Chucks Cottage Little Chucks Total**||
||£500,000 £320,436 £820,436||
||_______ ________ ________||
Chucks Cottage was left to the charity in the estate of Jessie Shrimpton on her death in January 2001. It has been included at the estimated market value at that date.
Little Chucks was purchased in January 2006 and is included at cost.
continued...
Page 7
**THE WILLIAM SHRIMPTON TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 1.1.23
£
**Unrestricted funds**
General fund
**149,949**
Designated Property fund
**820,436**
**970,385**
**TOTAL FUNDS**
**970,385**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**34,419**
**TOTAL FUNDS**
**34,419**
**Comparatives for movement in funds**
At 1.1.22
£
**Unrestricted funds**
General fund
155,322
Designated Property fund
820,436
975,758
**TOTAL FUNDS**
975,758|**31.12.23**
31.12.22
**£**
£
**3,145**
2,652
**31.12.23**
31.12.22
**£**
£
**762**
726
Net
movement
At
in funds
31.12.23
£
£
**(6,121)**
**143,828**
**-**
**820,436**
**(6,121)**
**964,264**
**(6,121)**
**964,264**
Resources
Movement
expended
in funds
£
£
**(40,540)**
**(6,121)**
**(40,540)**
**(6,121)**
Net
movement
At
in funds
31.12.22
£
£
(5,373)
149,949
-
820,436
(5,373)
970,385
(5,373)
970,385|
|---|---|
continued...
Page 8
**THE WILLIAM SHRIMPTON TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **8. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|22,730|(28,103)|(5,373)|
|**TOTAL FUNDS**|22,730|(28,103)|(5,373)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Property fund
**TOTAL FUNDS**|At 1.1.22
£
155,322
820,436
975,758
975,758|Net
movement
in funds
£
(11,494)
-
(11,494)
(11,494)|At
31.12.23
£
143,828
820,436|
|---|---|---|---|
||||964,264|
||||964,264|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|57,149|(68,643)|(11,494)|
|**TOTAL FUNDS**|57,149|(68,643)|(11,494)|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2023.
Page 9