THE SHAFTESBURY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
SHAPTES6VRY CHARITABie TRUST YEAR ENDED30 SEPTEMBER 223 Chuffly XeglsleFed No. 901x173 INDex ch¢ty Annuol reFvI of Ihtr trust5 Indgpendenl examlnerfs report Slotement ol ffncclol ocllvllles Baknnc• sh8•1 Nole5 10 the cKcovnls
SIIAFfEWIY ¢HIRlfABIETritsT CHARITY INFOQAWVION OR THE YEAR fNDll>30 5EPIWBÉR2tyJ Sbofl•#yJry Cknlotjo Adth• 4)kWJhStro•t Sho116sb SP7 8JG tro RonIma LL.8 IChamTrThl MrJDTMII MrPRMorth Chorfw51On & Co Uled Isi Fthr. I l Yfviwe Sh•al yrroulh pii 8 Fth5W Ck¢ EC2M 7AZ CCLA Invesimonl Morwiywni 110 l Awel LO EC4R Ukp gh SIT1 Gllthghom SP8 4AQ ub AC¢Ountonts Lla SP7 8FG
SHAFIES•URY CHAIITAILf FllUSI ANNLIAL REPORTQFTME TiIV5TtE5 FOR THE YEAR ENDKI JO SEPTEhWR 2tr23 Ihe Iw51ee5 pFesent Ihui repNI ond Ihe un0jIe¢l firKJndal stalements ot the Chonty fu the yeoi ended Xl Sep18mbei 2023. Th8 Ihonciol $10lemenls htsve b8en occoF¢Jonc& wlh Ihe occounlng pomdes set out In role 101 Ih8 occoun15 ond CoMY 1h Ih8 ch¢1 Act XII l ond thè Slalement ol Rec(xTrtnerKlgd Piolicg.. Accwntlng and ReInG lorCharfN8s IFR51021. charfly15 govemed by a Deck)Follonol InJ51 dalad 291h Sgplembor 1988. ApWnlm•nt olTNths Tiusl88s olfic? unid 2? SoPtrrthr ¢o¢h y•or. oro •WJie lerwlloppohtm•rtt. Th• IAoyorond D•puly Muyu ol Sholl•sbury Qfe 0150 •X-ollkn trusl86S. Prfnclpryl ¢)bl•cltr¥ To sUPPQrt uny rhOrttgi4• purpo5• Ow¢i•d wholty % rr#Jhly lo Iho benofll ol Shoft85bury in lh• Imrnedlal• n&9hbourhood ty any port ol Shollesbury 0$ the trusiw ShOII ltom lrn& lo time ol Ihdr th5rxelbn dodde. Anortclal R•port DUn0 Ihg th• ¢lY rnod• dMotior4 101ollhg £l4.212Q22. £2S.40PI to v•rbu5 ¥Yqonhotkn5 c3 •v•nli lo ben•fil the p•oF40 01 Sholt•5bw. The Trwt•th ¥Jlnclenl reswvoi lo cover I ongc4n9 coili ¢1 Ihe Cholly mknbnum01 SL¥ monlhs. Il¥k A51wimwtt Tho ¢fjk$ lo whkh Iho chahlyls oxwd. ai 1donl1 ty Iho liusl•w, howe b••n iavkad ond $tam$ havè been iobNih•d to rnltl9Ot• Ilw¥ thk¥, TNth•i' r•4>onthiln v•sptsltoth• wpuro110n ol Iho Ac¢ovnls The TfU51ew reqvlred try Low 1¢ prepore fingncbl 51olern•nlS lor •Oeh Ilnondoi y•¢¥ %Yfdeh ove a Irv8 and lak of Ihe stal• ol offoh ol Ihg ChoAly Ic¥ th¢1 P•. In rhg Ihow Ihunckii $101orn•n15. IPO TnJ$1••5 or• r•oulrod 10.. . s•lecl yJIob¢Oun1lng poNde5 ond Ih8n ap$V Ih8m consblenl - mokejudgemanls ond gslimol•s Ihol ow r¢oKsnobi• ono prud•nt . Fyapoi• th• ftn0n¢bl 51olments on o gdrtg ¢¢)n¢•m bosh uni•41145 lnapwt8 lo pyesvme Ihol tho chtr11y 11 Conth kn bune$S Ihe Twsloes respon) fu k••phg piopol occourtlng rncords whh dilk) %ilh i80Obl• Q¢¢WO¢Y tsi ¢ny Nrn•. lh• Ihoncbl PIk)n ol lh• Chorfly. Ih•y ore oho r•$ponY• IN sol0gung the aswls ol tho Chrthly ond henc• 1ak1n9rnon0ts sleps fu Ihe sy•v8nlbon aèiectbon ol Iroud olh•ikn¢gull Ihi51ewl wosopwved by Ihe Boord ol Tiusteos d.¥Thea onlts behott by.. IINsl• Doled.. .W24
Independent Exomlnei's Report lo the Twv5tees of Ihe Shollesbury ChotIlob Twst ChNY No. Th73 I reporl on the occounls ol Ihe trust lor Ihe yeor ended 30 Seplember W23. whh cxe sel ¢yJt cm) rx)ge$ 4 10 9. Responslbllhles ond bos15 of ieporf The chorilys Iiustee5 ole iespon5ibÈ fly preporolk)n ol Ihe cKcoJnls in occrydonce with reqvverrents ol the Ch(yilies Act Y)1 I Ilhe X)I l Acl"l. Hovirig 5alislied ourselve5 Ihal Ihe accounts ol the chty (Xe nol requwe(I lo be oudited lurKJer seclion 144121 ol Ihe 3)1 l Acl1 ond are eligib l(x independent examination. we reporl in re5pecl ol our examirKJtion ol the chryilys accounls COled out un(kr sectK)n 145 01 the 3)1 l Act. We repoil in respect ol otx exominolion ol the ch(xity's occount5 corried out Un( seclK)n 145 01 the l Act. orKJ c(Yrying (xjt our exominolion. wè hove lollowed all the applicable Directions given by Ihe Charily Commi55ion vn(kr seclion 14515llbl ol Ihe l Acl. Independenl examlnu'5 5talemenl We hawe comtleled our examinolion. We conlirm Ihol no molerial mollets hove come lo ow allenlion in conneclK)n wilh Ihe exominolion giwng us couse lo believe." accounting recoid5 weie not kepl in re5pecl ol Ihe chorily as reqvwed by seclK)n IX) 01 Ihe 2011 Act-. the occoun15 do not o¢cord with the occovnling rec5-. ( the accounts did nol comply wilh Ihe opplicoble Tequwemenls Concerni the l(wm and conlenl of occotjnts sel oul in Ihe clitIeS [Acc1n15 ond Repot151 Regulolions XK)8, olhei than any TequireTnenl thot the accovnt5 give o'true on(J lo viev4 wl4ch is not o moltef con5i(Jered as ol on independent exorn1nolic. I hove no concerns ond hove come ocr05s no oth mollers in connection with Ihe exominolK)n lo ollention 5PK)ukJ be dr(Jwn in this feport in order lo erbob QQIODer underslondinq ol Ihe accounts lo t)e reoche(J. Povl Storey FCA For ond on t)ehall ol.. Signed: Hub Aceounlon15 Lld Chorlered Accounlonls Innovolion House Wincombe Lane Shotle5buiy Dorsel SP7 8FG Dole.. ..X)24
$HAfTESBURY CKAqITAILE TkT15T srATVAENT OF FINANCIALAciivm FOR THE YEAR eNDED 30 SEPTEMBEI 2023 Educolt(X M¢xJrnl )come iestricted eslrLled fId Totot 2? Incomkng ¢e$ Voluntary ¢0 1.425 1.425 14,794 14.794 Inve51menl incorr 30.488 37.913 29.423 44.217 29.423 44.217 Tolal Incomkng iesources 37.913 charitOb octivi1$ Investment monogement Costs GovurKince cosls 14.5)2 9.637 870 25.(1 14.5 25.259 25.409 9.637 870 25.tk 32.S)9 32.059 Inc¢xth9 r•lowc 14ryear 12.fA)4 l?.W4 11.71 11501 11.558 Reolised goinNlk)s51 on nve5tments UNeoW winxllossl on InvestMts Nel movemenl In fvnds 12C158 17.5SOI 17.422 12.(158 17.5501 17.422 21.499 (95.3771 102.1701 21.499 195.3771 162.320) 11501 lecon¢llollon ol I$ Totol fun<ls brovght l<xw¢yd Totolfvnds ¢iwled lornord 953.478 70. 6.4A) 6.450 P59.928 977.3X) 1.015.048 953.478 6.450 6.450 1.022.248 959.928
SHAFTESBURY CHARITABIE TRUST BALANCE SIIEEfASAT XI SEPTEM8EIt 2023 IL¥ed asseti Investment5 .704 &16.W3 Currentaswls C¢J5h al bonk and on deposit 95.511 94.867 iltstA. Aft1$ laulro one yecy AccfLK2 1.842 el cwrenl amets 93.LY25 977.350 959.f18 lunth UrnesMcle(I IoMe funcl EdLuIK)n fund Id85vJnaledl Monument cleg)led fuThJ Total IwKts 970.gX) 0.450 953.478 6.450 977.350 959.V28 These ¢xcoJnlswere o - by Ihe Boud o Tw51ee
SNAIIESBiIRY CIIARITABLE TRiIST t40$ foiHE ACCOUNTS QR THE YEAR ENDED JO SEPIEIA6EIt 2023 l) kill ol pmpoi4110 Ihtsse occounls hove been reporeLI on tt)e b05is of hlst<trt cost (except Ihol inve51ment5 or$ shown ol morkel vokjel In occudonce with the 5tolem8nl ol Recomrnended Procl9.. FR5 102. wilh accovnling slondar(15. and with Ch(rilies Act l. Ihe Trv51 hos taken ¢jdVanl< ot tho &X110n in FhtsneKJl siondtsrd ThJmb8r l from Ihttreovtremonl lo prodvca o c05h Ilow slolemtrni on the OundS Ihat il qualilie$ 05 0 smou choiily. Ihtr pr•5•nlalbn currency ol th• fmtsndal sloi•m•nts Is lh• Slarting. chority meets Iha d&rFAl of o pu b&n&lil enllly vnder FRSIO2. 21 kcounmng pollcl•i INCOMING RESOiIRces c(yning resourc95 are included Iho Slol8mgnl ol FtrKJnckJl Aclivllb5 ISOFAI wPtgn.' th• chorily b6com8s enlllk9d lo Ihe iesovrces., Ihg Iru51eg5 are ¥Arluolty c9rloln Ihey will r8c•lvè Ihgfe50ur¢•s'. mon?Igry vdue con be m905uI?d wilh wlficbnl r*thlUIy. Inv•thnwth IrKom• Inv•slm•nt Inc¢2m61s Inclucled k) the occounl$wh•n fecdvoble. Inv•thn4nl 4olN ond IoM•i Thi5 Inclu<Ytr5 ony gtsin ¢y t015 on lh• sai• of inv•sim•ni$ an¢J ony goln u bssr•xAling trom f•¥dn9 inv•slm•n15 lo mork•l Yolu• ol the •nd of Ih? year. iesovicE5 ExpeNDED G•vwn4n¢• ¢• Governonce cos15 indud& costs ol Iho Fxeparolion ond oxaminllon ol slolvlc¥y ccOUnt$. Ihg co$15 01 Iruslee meellnos ono c051 of ony 901 odvic& lo Iivslee5 on govern(xtg c INVESTAIENIS Invtt51menlS quoted on o recognised $lock e¥chonw or8 volued ol mortet volu6 ot the yeor end. LIABiimES LbltIeS ore Ce 0$ soon 0$ Ih8re ts o legd ¢y constrvcllve obuwlion commllth9 the chority lo pay out regoLKces.
SHAFTESBURY CHARITAIIE TRUSI NOTESIO THE ACCOUNTS FOR THE YEAR END& 30 SEPYIMBER 2023 3) VfAunlary Genwol 1fft1 13. Lwl donot 1.425 1.425 14.794 2023 4} Irb¥•th Incon Incom8 from inv8slm8nls rled Of8tcgr4sed slock exch:. VKJend5 252 29.157 Interest 236 488 29.423 2022 OTret chariloble wnts 25.4C 6) bhve#menlmqM9emenl 9.637 Go¥emance costs Independenl exomirK)to) Webyte dev8k)ryrf & rThiinlenoKe 042 870
SNAFTES8iIRY CHARITABLE TRiIST NOIES TO TME ACCOLllllS K)R IHE YEAR ENDED 30 SEVIEMIÈI 2023 2ty2? Inve51ments ttsted cn o recoarised stcd excw. 8abnc8Ot I (k10b Wi Pwchoses in yety-cosl ve51ments <posa Reafwl ga on invastrrnt dsrnsds 8okJnce ot 58plemt)er Urwffjed goli$( urweotised gc•ns ot I Ctlcts 2)22 blf rroVnI in yg( Urwfsed IlosseslNgOins ol Xl SeplemW 3Y23 cll Morkel vdL of investrnents ot 3)Sepiem¥)er 3Y23 i.(Xe.585 8&342 s.o 12.L 1.011.936 540.535 512W5 164441 21.4W I.QR585 I4&51 t9&3771 .5501 1149.231 884.704 1141.tWI 866.903 The vdL of ts inveslments con be orKJW inlo:_ vestrnent a55els in Ihe UK In¥estm8nl rJ5sels outskje Ihe UK 697.477 197.227 884.704 629.775 237. 128 86&W3 22? ?) unrosme Fun Bro1 ILYword at l OtloLEr 3Y22 Moverrenl in the yeor C¢yrie(J foTh¥ord ol Seplemoor 3yrJ 953.478 17.422 970.¢Xkl 1.015.646 162. 1701 953.478 10) Dwlgn¢•d Fund¥ The lun(ts of the Chjrily inckKk Ihe (Je5iwJled IKNe Lwn set 05KJe (YJI ol Ihe le$IC1ed ltsuJ5 by lh8 Tn128$ Ot lh8 insknKto) of the ckw:. llakmee Ineomèl Pdd kn Bthnc OiiiOR2 109123 Rvtler Farrty Trust EdKolK)n Fund 450 d450
SMAFIESBURY CIIAIITABLE TitUST NOTESTO THEACCOiINTS FOR IIIE YEAIt ENDEDaO SrnBfR 2023 I l) Anatysls ol N•1 osw1• by fund slrl¢ld tdu¢+Jtlon fvnd lund lunds 2023 Ue51cted Educolity) lur)d lund Funds 2CY2? Investments 884.704 884.704 Olhtr Cren ossels 89.¢761 &450 95.511 8&417 &450 94.807 973.765 d4 215 955.320 d4 901.770 Curenl li)t¥litie5 12.8051 970.4 .8651 977.350 11.8421 953.478 11.8421 959.928 6.4 0.4 12) Twjlee remuThall¢Jn and expenses munwolh)n u expenses wwe pald to Trustees aIng the yecty. 13) kelaled portres Ihwe wor& no rdoled rmyty Ir¢Jn50cIK)ns during the yeor.