THESHUTTLEWOOD CLARKE FOUNDA TION FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charlty No.. 803525 THE SHurrLEWOOD CLARKE FOUNDATION LEGAL AND ADMINISTRA TIVE DEfAILS CONSTITUTION The Shuttlewood Clarke Foundation is a Charit'able Settlement governed by a Trust Deed dated 15 May 1990 and is registered under the Charities Act 1993, Charity Registration Number 803525. ADDRESS Ulverscroft Grange Ulverscroft MARKFIELD Leicestershi re LE67 9QB TRUSTEES B Martin {Chair of Trustees) - appointed as a Trustee March 2023 A May - appointed as a Trustee September 2012 A Rockey- appointed as a Truslee October 2024 M Booth {holder of property)- resigned October 2025 M Freckelton (holder of property) - resigned October 2024 PRINCIPAL MANAGER F Wilkinson PRINCIPAL BANKERS Barclays Bank PLC 2 Bishop Meadow Road LOUGHBOROUGH Leicestershi re LEII ORB SOLICITORS Moss, Solicitors 80-81 Wood Gate LOUGHBOROUGH Leicestershi re LEII 2XE AUDITORS Turner & Smith Westgate House Royland Road LOUGHBOROUGH Leicestershi re LEII 2EH INVESTMENT ADVISERS W H Ireland Quay House 7 The Quay POOLE B1415 IHA Shuttlewood Clarke Foundation TRUSTEES, REPORT FOR THE YEAR ENDED 31" March 2025 Structure Governance and Mana ement Reference and administrative information can be found on the preceding page. The Shuttlewood Clarke Foundation was founded in 1989 by Mr David Clarke, and its Trust Deed was signed on 15 May 1990. On the 31 March 2025 the Foundation had four trustees. The Foundation has the provision to extend the number of trustees to a maximum of eight. The trustees seek to recruit individuals who have an interest in the work of the Foundation and skill sets to enhance the current team. Recruitment has been for the most part been from existing volunteers, though the intention is look wider. Potential trustees are given a comprehensive insight into all of the Fou ndation's activities- attention is drawn to appropriate information on the Charity Commission website with a recommendation that it is read and understood. Of the board members at 31 March. three were also volunteers in a variety of capacities. The trustees meet and/or confer regularly when they review the activities, investments and policies of the Foundation. The day to day running and management of the Foundation is delegated to the Principal Manager and the senior management team; theie is ongoing contact with the trustees. Remuneration for new key personnel is determined by the trustees,. all salaries at the review date are determined by the trustees having regard to proposals submitted by the Principal Manager. The senior management team at 31 March was made up of the Principal Manager and Support Services Manager. The Foundation owns the single issued share in Shuttlewood Clarke Trading Ltd. This company provides catering within the Grange premises. Two of the trustees were directors at March 31, being M. Booth and A. May. Risk Mana ement Insurance and Safe uardin The trustees acknowledge their responsibility for risk management. Risk assessment documents are in place intended to cover all of the Foundation's areas of risk, these having been compiled following discussion with relevant personnel. These are reviewed annually or thereabouts. Reporting procedures are also in place. Comprehensive insurance cover is maintained- an annual meeting takes place with the Foundation's insurance broker to review al I policies. The Foundation carries insurance cover that includes an indemnity policy covering the liability of the trustees to th ird parties. The trustees are satisfied that major risks have been identified and managed appropriately. The Foundation follows the Charity Commission guidelines for safeguarding. All personnel (staff, volunteers and Service providers) are required to undergo training,. occasional service providers are supervised by persons who themselves have been trained. Alms Ob'ectlves and Actlvities The core objectives of the Foundation as stated in the trust deed dated 15 May 1990 are.. Thefunds are to be oppliedfor such charitable purposes as the trustees shallfrom time to time determine (and in particulor but without derogation to the generality of the foregoing the relief of need, hardship suffering or distress in the case of elderly and young persons). The provision and delivery of the activities that achieve these aims are considered on a regular basis. The Foundation colltinued to refer to the guidance contained in the Charity Commission's general guidance on public benefit when reviewlng Its aims a nd objectives and in planning its f uture activities. How our actlvities deliver ubllc beneflt The purpose of the wide range of activities provided is to enhance the lives of our beneficiaries through improved social interaction, recreation, advice, support and educational opport'unities, The Foundation's main activities, beneficiarie5 and aims are set out below. Achievements and Performance Ulverscroft Grange Communlty Support ond Wellbelng Centre Open to the public at large, visitor numbers to the Grange Community Support and Wellbeing Centre were estimated to be in excess of 31,000, variously using the tea rooms, browsing the charity shops, accessing the information hub, attending organised wellbeing and support sessions, visiting the model railway and using the pathways. Wellbeing Activities The objectives of The Community Support and Wellbeing Centre are to provide a meeting place where both mental and physical wellbeing can be improved through social interaction, recreation, access to information and support including activities {more information is given in subsequent paragraphs). There is a network of paths extending to the Manor. This wonderful, unique environment provides repeated opportunities for people of all ages to benefit in numerous ways. Many visitors have made repeat visits and have used the introduction afforded by the Grange to benefit from the Foundation's numerou5 Other charitable services. The property is registered under Leicestershire County Council's "Keep Safe Place" scheme. Outcomes are assessed by having regard to visitor numbers and feedback,. the trustees are satisfied with the results. Grow wlth us Community Allotment The 'Grow with Us, gardening project links young people and adults with learning difficulties and/or physical disabilities with members of the wider community who have an interest in allotment style gardening,- it operates throughout the year. Four organisations have taken part in the scheme during the year, fewer than in the previous year, a disappointing outcome. Shops and caterlng Opportunities afft provided to those with learning difficulties to assist in the charity shops and tea room, Model Railway The railway was inherited by the Foundation from it5 founder. It is rnaintained by a group of volunteer enthusiasts. The model has educational and therapeutic value. Organised groups are able to visit on a monthly basis when the ra ilway is operated to its fullest extent and a tallc given. Visitors are also able to see the railway on two days per week during normal opening times when there May be limited operation depending on volunteer availability. Ulverscroft Manor There are two principal venues for indoor activities, the maln house and the Activity Centre. Vlsiting Groups The objectives are to provide a pleasant day out, reduce social isolation, offer respite and give support to those who are living wi th a disability or illness or are elderly. A lunch is provided together with refreshments in the morning and afternoon. Those who are able can walk the grounds or have a trip in the golf buggy. Visiting groups are comprised of individuals brought together from the sarne area, with the partner or carer on a car day visit, or as a member of an organised support group, residential home or association. The number of people attending these pre-booked session5, Monday- Wednesday was 2,218, an average of 18 per day. Attendees are invited to make a donation, Volunteers are essential for the carryi ng out of th is activity, providi ng assistance in the kitchen, serving meals, clea ring away and interacting social IV with the visitors. Outcomes are assessed by havi ng regard to take u p, repeat visits and feedback; the trustees are satisfied with the results. Information and Support Stand Through the information exchange project the Foundation seeks to establish good links with many other disability support groups. The importance of working with others or Simply acting as a signpost is recognised, Health and Wellbeing Support Thursdays Sessions provid ing various activities are available at varying intervals through each month. The objectives are to offer a facility which allows people to visit as they choose, access those activities which they find va lua ble and to stay for as long as they wish leading to social interaction. Refreshments are available throughout the day. Volunteers make a sign ificant contribution by assisting with the provision of refreshments. The following activities were available at varying intervals: seated yoga, relaxation, m indfu Iness {including by 'Zoom'l, pilates li ncluding by 'Zoom'l, bool( club (newly established), fun with art and sound bathing,. chiropody was also available. There have been the following support groups: lipoedema, young onset dementia, fibromyalgia and pulmonary fibrosis, the latter two having become independent during the year. Outcomes are assessed by having regard to the number of participants, conslstency of visits and feedback. the trustees are satisfied with the result5. Other Actlvltles During the year other activities included- Nordic Walking, gentle nordic walking (new this yearl, outdoor exercise (ceased in yea r), and singing for fun and wel Ibeing, all taking place weekly; a craft club, a design and create group (ceased in the yearl, tai chi, gentle yoga, coplng with and recovering from anxiety and depression, bereavement support (new this yearl taking place at varying intervals. There was also a month ly mu Itiple sclerosis support grou p. Outcomes are assessed by having regard to the number of participants, consistency of visits and feedback,. the trustees are Satisfied with the results, Outside Space Yew Trail Outdoor Classroom The objectives of the outdoor classroorn are to teach about, and enthuse children with natural things in a dynamic environment,, to enable them to enjoy being outside. Activities are based on the National Cu rricu lu m. Volunteers are essential for the carrying out of this activity as they lead the groups of ch ildren and deliver the teaching,. occasional help is provided by staff members. The pool of volunteers remains small. All visits are reviewed; written feedback is routinely sought from the schools but rarely received. Verbal feedback has always been good. Eight schools visited during the year. Yurt This provides an unusual and attractive space for a variety of activities. There was a modest amount of use du ring the yea r for wellbeing and craft activities. Pathways The objectives of the pathways at both the Grange and the Manor are to enable visitors to enjoy the space and benefit from exercise. Those at the Manor have many information boards relating to the tree5 and folklore, and are an essential component for the school visits. The pathways at the Manor have for the most part been put in place by volunteers who also maintain them; they also maintain the Grange pathways. The Foundation's electric buggy provides a very beneficial service to the Foundation's less mobile visitors at both the Grange and Manor. Forest School An area of woodland has been made available to an independent Forest School business. This is considered to be a good way to enable children to benefit from outdoor attivity. SCF Development Volunteering Reference ha5 been made to the essential contribution made by volunteers in some of the preceding paragraphs, By the end of the year there were 134 volunteers in various roles that included in-house (including the Activity Centrel, gardening and maintenance tasks, working in the shops, leading school visits, bu y driving and assisting in the activity of the organisation's trading company, Shuttlewood Clarl(e Trading Ltd, Volu nteer opportunities include work experience for students, life ski Ils for adu Its with disabilitie5 and corporate team activities, The volunteer team contributed several thousand hours of voluntary work and its continued support is crucial to the success of the Foundation. In turn the Foundation i nvites volunteers to attend at least one social event each year; in addition, volu nteers benefit through friendships made and support received during their time with the organisation and beyond through the provision of a retired volunteer club that meets once a month. Opportunities for life skills volunteering placements have continued. The recruitment of additional volunteers is an ongoing work. Fundraising The Foundation rufis three charity shops based at Ulverscroft Grange. There is an additional sales table based at Ulverscroft Manor, The gross income for the year was £120,126 (2024.. £103,337). The shops component, being the Foundation's principal fundraising activity was £117,242 (2024.. £99,451J. Operations were conducted by volunteers with oversight by a salaried manager and salaried assistant throughout the year. Sundry fund raising activities produced £2,41712024: £1,684). The income generated frorn the shops exceeded expectations, and has continued to grow in the year 2025-26. This is a vital source of income. Promotion The Foundation's Staff team has continued to promote the comprehensive worl( of the Foundation, Worklng with others The Foundation recognises the value of working with others and will continue to seek opportunities for doing so. Future Plans At the Grange, an efFort will be made to increase the numbers participating in the "Grow With Us" activity. At the Manor, the arrangements for visiting groups will continue as previously described. The Activity Centre provide5 an excellent space givlng the potential to introduce new services and develop the existing ones where appropriate. Financiul Review Unrestricted funds There was a deficit on the unrestricted funds of £199,116. Investment income and gains, or total return, are vital to the ability of the Foundation to operate. For the year under review the target return was 5.5Yo the actual return was 1.31%. This evaluates to £55,459, represented by realised gains £231,422, marl(et value decrease £308,364 and income received £132,401 (the market value adjustment is made on the Endowment Funds column of the Statement of Financial Activities). The portfolio has a market value of £4,241,77512024: £4,476,334). The greatest risk to the Foundation is a long term downturn in investment performance,. ultimately restructuring would be necessary. Performance is monitored monthly, comprehensive reports being provided by W.H Ireland Investment Managers. The Foundation's policy on reserves aims to maintain the value of the total fund in line with or above inflation and asthe economic situation allows, to further increase these funds in order to finance the development of the Foundation'5 work. The Foundation's two country houses and grounds remain an essentia I com ponent of future plans and current activities. It remains imperative that these properties, machinery and all internal and external fixtures and fittings are maintained to a high standard and comply with all relevant legislation to ensure the Foundation's long-terrn future. For this reason, long term growth of the total fund is necessary. The following ethical investment policy is operated.. All of the Foundotion's investments ore covered by its ethicol investment policy which 5tute5 that the Trustees seek to ovoid investment ffn undertakings whose octivitie5 t7re evidently (ygainst the public well- being or are such that investment in them Lvould be likely to lower the reputation of the Foundation with the public at large, The Trustees recognise thot some undertakings (e.g. banks and insurance componies) have t7 substantial spreod of investments, informution about which cannot be obtained. The Trustees will not refruin from rnvestlng in such undertakings simply because of a lack of knowledge of their investments. The other principal sources of funding were donations £43,361 12024: £69,068} and fundraising £122,543 12024: £105,021). The Shops component for the year to 31" March 2025 was £117,24212024.. £99,451). Restrlcted Funds The total received in the year was £3,45112024: £2,352), total spending was £4,86612024.. £12,402) (including transfers between funds). Additional information can be found at Note 3 of the Notes to the Financial Statements. Total Funds The analysis of total funds can be found at Note 12 of the Notes to the Financial Statements. Capital Comrnitments There were no capital commitments. (Note 141 Shuttlewood Clarke Trudlng Ltd As previously stated, thi5 wholly owned trading subsidiary provides catering services within the Grange property, for which a monthly access fee is paid to the Foundation. Any remaining profits are gifted to the st Foundation, There was a loss for the year ended 31 March 2025 of £15,969 {2024: £5,121}. Trading conditions within the catering industry have been difficult for some time. Attempts are being made to reduce and ideally eliminate losses by bearing down on labour costs in particular. Notwithstanding the losses, the Foundation benefits significantly from the company's existence. Names of trustee(s): BarryJohn Martin (Chair) Alan James Rockey Alan Peter May 25th October 2023 th 15 March 2024 3 September 2012 Signed on behalf of the Trustees: key Chair of Trustees 11 February 2026 THESHUrnEWOOD CLARKE FOUNDA TION STA TEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are responsible for prepa ring the Trustees, Report and the flnancia I statements in accordance with applicable law and Unlted Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accou nting Practlcel. The law applicable to charities In England & Wa les requlres the Trustees to prepare flnancial statements for each financial year whlch give a true and falr view of the state of affairs of the charity and of the incoming resource5 and application of resources of the cha rity for that period. I n preparing these financial statements, the Trustees are required to: select Sultable accou nting policies and then apply them consistently; observe the methods and princlples in the Charities SORP 2019 IFRS 1021; makejudgements and estimates that are reasonable and prudent; state whether applicable accountlng standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financia I statements on the going concern basis u nless it 15 inappropriate to presume that the charity will continue in operation. The "frustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tlrne the financial position of the charity and enable them to ensure that the financia I statements comply with the Charities Act 2011, the Charity {Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguard ing the assets of the charity and hence for tal