COMPANY REGISTRATION NUMBER: 01375205 CHARITY REGISTRATION NUMBER: 508255
Shrewsbury Civic Society Trust Limited Company Limited by Guarantee Financial Statements 31 March 2025
INDEPENDENT AUDITORS LLP Chartered Accountants Emstrey House North Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Shrewsbury Civic Society Trust Limited
Charity registration number 508255
Company registration number 01375205 Principal office and registered Bear Steps office St Alkmund's Place Shrewsbury Shropshire SY1 1UH
The trustees
S Beedles JR Brown (Died 25 December 2024) M G Carter R Game M Chamberlain Mr J Petridis M Dinneen D Shepherd A Mullins (Appointed 9 October 2024)
independent examiner
Jonathon Dale FCA Independent Auditors LLP Emstrey House North Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 March 2025
Structure, governance and management
Governing document
The Company, which is limited by guarantee and has no shareholders, is a registered Charity and operates under its Memorandum and Articles of Association. The governing committee. is the Council of Management which meets six times per annum or more often as required and comprises of the trustees together with other members elected by the general membership. The members of this committee are elected for a term of three years at the Annual General Meeting. New members are required to be proposed and seconded before the Annual General Meeting. The Council of Management has the power to co-opt new members who must then stand for election at the next Annual General Meeting. Any member of the Society may stand for election to the Council of Management. The Planning Committee meets monthly to review planning applications submitted to the local authority and reports to the Council of Management. The Finance Committee meets monthly to consider investment decisions and other routine housekeeping matters.
Risk management
The trustees have a duty to review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The society has not identified any major risks affecting its activities.
Objectives and activities
The Society's objectives are to "preserve for the benefit of the townspeople of Shrewsbury, in the County of Salop, and to stimulate and encourage public interest in the preservation, development and improvement of whatever of the English historical architectural, constructional or natural heritage may exist in Shrewsbury and its surroundings in the form of buildings or land of particular beauty or historical, architectural or constructional interest". (from the Memorandum of Association, signed and dated 4th June 1978) This is followed by an extensive list of possible actions, by which the Society may facilitate its aims. These include: the purchase of building(s); repair; renovation; education of members and others; research, employment, and etc.
In order to achieve these objectives, the Society has occasionally bought, restored and passed on buildings, involving such sums of money necessary. In any one year, there may not be an immediate need for such action but the possibility of such a requirement is ever present. Consequently, the Society maintains strict restrictions on the use of its main reserve accounts for these purposes. However, any interest that these reserves accrue may be used to support the everyday running of the Society.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
The Society has continued to take an interest in current planning issues in Shrewsbury and to initiate concer in buildings which may be at risk or danger. The Society also monitors issues which may affect the built environment in general.
There is a policy of holding open meetings with guest speakers who can speak with authority on issues which are linked to the aims of the Society. These meetings are intended to benefit the membership and Shrewsbury.
Financial review
The society made a deficit for the year ended 31st March 2025 amounting to £10,215 which the trustees consider acceptable in view of the lack of grant support received. In addition, a contributing factor to the deficit are continuing issues with electricity costs for heating usage in the gallery areas due to new appliances being unable to be programmed efficiently. The society now has net assets of £111,761 which the trustees believe is vital to provide the charity with a sound financial base to meet any fluctuations in income and costs.
Reserves policy
Currently, there is one reserve account amounting to £78,115. This is an appropriate level to offer some impact to any transactions that may support the objectives. Meanwhile, any interest from the capital should enable some amelioration of the Society's daily running costs.
The Society also holds a working current account of £11,322 with the previous restricted bequest amount now fully utilised via contribution to the heating and lighting improvements at the Bear Steps.
This policy is subject to annual review and update for changing circumstances and is for the Trustees to accept. Accurate figures may be found in the annual accounts.
Investment policy
As the society is dependent upon its income from the reserves to fund its activities, its policy is to protect the capital by holding funds on deposit, and ensure that the return is as high as can reasonably be achieved.
The trustees’ annual report and the strategic report were approved on 8.2. 9ET. AF. and signed on behalfof the board of trustees by: \ ————nees, f M Dinneen D Shepherd Trustee Trustee
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee independent Examiner's Report to the Trustees of Shrewsbury Civic Society Trust Limited
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Shrewsbury Civic Society Trust Limited (‘the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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_ the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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_ the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concems 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.
Jonathon Dale FCA
Independent Examiner
Independent Auditors LLP Chartered Accountants Emstrey House North Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
2& NovemgeR 2025S
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 31 | - | 31 | 150 |
| Charitable Activities | 6 | 21,595 | - | 21,595 | 19,160 |
| Investment income | 7 | 3,790 | - | 3,790 | 2,851 |
| Total income | 25,416 | - | 25,416 | 22,161 | |
| Expenditure | |||||
| Expenditureonraising funds: | |||||
| Costs ofcharitable activities | 8 | 147 | - | 147 | (585) |
| Expenditure on charitable activities | 9 | 35,485 | - | 35,485 | 44,420 |
| Total expenditure | 35,632 | ~_ | 35,632 | 43,835 | |
| Netexpenditure and netmovement in | |||||
| funds | (10,216) | - | (10,216) | (21,674) | |
| Reconciliation offunds | |||||
| Total funds broughtforward | (98,610) | 220,587 | 121,977 | 143,651 | |
| Totalfundscarriedforward | (108,826) | 220,587 | 111,761 | 121,977 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements.
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Shrewsbury Civic Society Trust Limited Company Limited by Guarantee
’ Statement of Financial Position (continueg)
31 March 2025
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|£|£|
|Fixed|assets|
|Tangible|fixed assets|14|25,226|29,866|
|Current assets|
|Stocks|15|846|993|
|Debtors|16|1,532|1,874|
|Cash|at bank and|in hand|89,440|96,680|
|91,818|99,547|
|Creditors:|amounts|falling|due within|
|one year|17|1,383|3,536|
|Net current assets|90,435|96,011|
|Total|assets|less current|liabilities|115,661|125,877|
|Creditors:|amounts|falling due|after|
|more than one year|18|3,900|3,900|
|Net assets|111,761|121,977|
|Funds|of the|charity|
|Endowment funds|220,587|220,587|
|Unrestricted|funds|(108,826)|(98,610)|
|Total charity funds|19|3 1,761|121,977|
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For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
-
e The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
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These financial statements were approved by the board of trustees and authorised for issue on
AG and are signed on behalf ofthe board by:
M Dinneen —— D Shepherd
Trustee Trustee
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The notes on pages7 to 14 form part of these financial statements.
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Bear Steps, St Alkmund's Place, Shrewsbury, Shropshire, SY1 1UH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
There are no material uncertainties about the charity's ability to continuc.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Shrewsbury Civic Society Trust Limited
, Company Limited by Guarantee Notes to the Financial Statements (continueg
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
e _ legacy income is recognised when receipt is probable and entitlement is established.
-
e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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e income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-
)
Resources expended
Expenditure is recognised on an accruals basis whena liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is included as part of the expenditure to which it relates.
Expenditure is classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued
Year ended 31 March 2025
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property - 25% reducing balance Fixtures & fittings - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' and Section 12 ‘Other Financial Instruments Issues’ of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
4. Limited by guarantee
The charity is a company limited by guarantee.
5. Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 £ £ £ £ Donations Donations 31 31 150 150
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued
Year ended 31 March 2025
6. Charitable activities
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Total Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Subscriptions|2,839|2,839|2,780|2,780|
|Fundraising events|1,593|1,593|1,180|1,180|
|Shop income|4,776|4,776|4,262|4,262|
|Gallery income|- net|12,387|12,387|10,938|10,938|
|21,595|21,595|19,160|19,160|
|7.|Investment|income|
|Unrestricted|Total|Funds|Unrestricted|Total Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Bank interest receivable|3,790|3,790|2,85 1|2,851|
|8.|Costs|of charitable|activities|
|Unrestricted|Total Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Shop purchases|147|147|(585)|(585)|
|9.|Expenditure on|charitable|activities by|activity type|
|Total|funds|Total|fund|
|Support costs|2025|2024|
|£|£|£|
|Governance|costs|35,485|35,485|44,420|
|10.|Net expenditure|
|Net expenditure is stated after charging/(crediting):|2025|2024|
|£|£|
|Depreciation of|tangible fixed|asscts|4,640|6,015|
|11.|Independent examination|fees|
|2025|2024|
|£|£|
|Fees payable to the independent examiner for:|
|Independent examination of|the financial statements|1,150|970|
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continueq)
Year ended 31 March 2025
12. Staff costs
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||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The total|staff|costs and employee benefits|for the reporting period|are analysed|as follows:|
|2025|2024|
|£|£|
|Wages and|salaries|2,826|2,708|
|The|average|head|count|of|employees|during|the|year|was|1|(2024:|1).|The|average|number|of|
|full-time equivalent employees during the year is analysed as follows:|2025|2024|
|No.|No.|
|Number of staff - Cleaning|1|1|
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No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
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||||||||
|---|---|---|---|---|---|---|
|Land and|Fixtures|and|
|buildings|fittings|Total|
|£|£|£|
|Cost|
|At|1|April 2024 and 31|March 2025|46,576|2,672|49,248|
|Depreciation|
|At|1|April 2024|18,179|1,203|19,382|
|Charge for the year|4,412|228|4,640|
|At 31|March 2025|22,591|1,431|24,022|
|Carrying amount|
|At 31 March 2025|23,985|1,241|25,226|
|At 31|March 2024|28,397|1,469|29,866|
|15.|Stocks|
|2025|2024|
|£|£|
|Raw materials and consumables|846|993|
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Debtors
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Prepayments and accrued income|1,532|1,874|
|17.|Creditors:|amounts|falling due within|one year|
|2025|2024|
|£|£|
|Accruals and|deferred income|1,078|3,244|
|Other creditors|305|292|
|1,383|3,536|
|18.|Creditors:|amounts|falling due after more than one year|
|2025|2024|
|£|£|
|Other creditors|3,900|3,900|
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19. Analysis of charitable funds
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted funds|
|At|At|
|1|April 2024|Income|Expenditure|31|March 2025|
|£|£|£|£|
|General|funds|(98,610)|25,416|(35,632)|(108,826)|
|At|At|
|1|April|2023|Income|Expenditure|31|March 2024|
|£|£|£|£|
|General funds|(76,936)|22,161|(43,835)|(98,610)|
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Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued
Year ended 31 March 2025
19. Analysis of charitable funds (continued)
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||||||||
|---|---|---|---|---|---|---|
|Endowment funds|
|At|At|
|1|April 2024|Income|Expenditure|31|March 2025|
|£|£|£|£|
|Legacies|220,587|-|-|220,587|
|At|At|
|1|April 2023|Income|Expenditure|31|March 2024|
|£|£|£|£|
|Legacies|220,587|-|-|220,587|
|Analysis of net assets between funds of net assets between funds net assets between funds assets between funds between funds funds|
|Unrestricted|Endowment|Total|Funds|
|Funds|Funds|2025|
|£|£|£|
|Tangible|fixed assets|25,226|-|25,226|
|Current assets|(128,769)|220,587|91,818|
|Creditors|less than|1|year|(1,383)|-|(1,383)|
|Creditors|greater than|1|year|(3,900)|-|(3,900)|
|Net assets|(108,826)|220,587|111,761|
|Unrestricted|Endowment|Total|Funds|
|Funds|Funds|2024|
|£|£|£|
|Tangible fixed assets|29,866|-|29,866|
|Current assets|(121,040)|220,587|99,547|
|Creditors|less than|||year|(3,536)|-|(3,536)|
|Creditors greater than|1|year|(3,900)|-|(3,900)|
|Net assets|(98,610)|220,587|121,977|
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20. Analysis of net assets between funds of net assets between funds net assets between funds assets between funds between funds funds
Page 15
Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Management Information Year ended 31 March 2025
The following pages do not form part of the financial statements.
Page 16
Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
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|||||
|---|---|---|---|
|2025|2024|
|£|£|
|Income|and|endowments|
|Donations|and|legacies|
|Donations|31|150|
|Charitable|Activities|
|Subscriptions|2,839|2,780|
|Fundraising events|1,593|1,180|
|Shop income|4,776|4,262|
|Gallery income|- net|12,387|10,938|
|21,595|19,160|
|Investment|income|
|Bank interest receivable|3,790|2,851|
|Total income|25,416|22,161|
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Page 17
Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities (continuea)
Year ended 31 March 2025
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Expenditure|
|Costs|of charitable|activities|
|Opening stock|993|359|
|Purchases|-|49|
|Closing stock|846|993|
|147|(585)|
|Expenditure on|charitable|activities|
|Wages and salaries|2,826|2,708|
|Rates and water|389|297|
|Light and heat|8,653|11,056|
|Repairs|and maintenance|1,531|2,130|
|Insurance|605|586|
|Other establishment|1,112|250|
|Legal and professional|fees|1,150|970|
|Telephone|1,223|594|
|Other office|costs|2,311|3,052|
|Depreciation|4,641|6,015|
|Other interest payable and similar charges|-|7,418|
|Costs|of social and|educational|events|-|1,310|
|Equipment hire|3,918|1,530|
|Administrator|7,126|6,504|
|35,485|44,420|
|Total|expenditure|35,632|43,835|
|Net expenditure|(10,216)|(21,674)|
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Page 18
Shrewsbury Civic Society Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Costs|of charitable|activities|
|Shop purchases|
|Shop purchases|- opening stock|993|359|
|Shop purchases|- purchases|-|49|
|Shop purchases|- closing stock|(846)|(993)|
|147|(585)|
|Costs of|charitable activities|147|(585)|
|Expenditure on|charitable|activities|
|Governance|costs|
|Cleaner|2,826|2,708|
|Rates &|water|389|297|
|Light & heat|8,653|11,056|
|Repairs & maintenance|1,531|2,130|
|Insurance|605|586|
|Advertising|1,112|250|
|Accountancy|fees|1,150|970|
|Telephone|1,223|594|
|Postage,|stationery &|sundries|2,311|3,052|
|Depreciation|4,641|6,015|
|Bank charges and|interest payable|-|7,418|,|
|Cost of|social & educational|events|-|1,310|
|Equipment hire|3,918|1,530|
|Administrator &|gallery management|7,126|6,504|
|35,485|44,420|
|Expenditure on|charitable|activities|35,485|44,420|
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