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REGISTERED COMPANY NUMBER: 02161187 (England and Wales)
REGISTERED CHARITY NUMBER: 298947





REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

THE SHIMPLING TRUST LIMITED

THE SHIMPLING TRUST LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 9

THE SHIMPLING TRUST LIMITED (REGISTERED NUMBER: 02161187)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JANUARY 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st January 2024. 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 Trust makes grants and donations to other charities and supports charitable causes including an animal welfare project in South Africa managed by Mr de Havilland. The animal welfare project provides feed and veterinary services to various rescue animals pending their re-homing.

Public benefit
The Trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.The benefits that arise from the aims and activities of the Shimpling Trust are in animal welfare and the improvement of the environment.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the Trust paid £9,935 to the animal welfare project in South Africa to cover the costs of veterinary services and feed.

FINANCIAL REVIEW
Financial position
At 31st January 2024 the Trust had net assets of £8,750.

Principal funding sources
The main source of funds are from voluntary donations.

Reserves policy
It is the policy of the trust to maintain free reserves at a level to provide sufficient funds to cover management, administration and support costs.

Going concern
The accounts have been prepared on a going concern basis. In order that the charitable company may continue to meet its day to day working capital requirements, it is dependent upon the financial support of John de Havilland (trustee).

FUTURE PLANS
The Trustees do not plan any changes to the current objectives or how these are to be achieved.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association dated 12th June 1982, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
New trustees may be appointed by the existing trustees. The governing document requires there to be minimum of 2 and maximum of 7 trustees.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02161187 (England and Wales)

Registered Charity number
298947

THE SHIMPLING TRUST LIMITED (REGISTERED NUMBER: 02161187)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JANUARY 2024


Registered office
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

Trustees
J A de Havilland Executive Director
R P G Voremberg Director
Ms L Schroder Director

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 8th March 2024 and signed on its behalf by:





R P G Voremberg - Trustee

THE SHIMPLING TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 20,262 8,400

Investment income 3 38 3
Total 20,300 8,403

EXPENDITURE ON
Charitable activities 4
Animal Welfare 11,855 13,508

NET INCOME/(EXPENDITURE) 8,445 (5,105 )


RECONCILIATION OF FUNDS
Total funds brought forward 305 5,410

TOTAL FUNDS CARRIED FORWARD 8,750 305

THE SHIMPLING TRUST LIMITED (REGISTERED NUMBER: 02161187)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 9 3,700 2,400
Cash at bank 14,110 5,653
17,810 8,053

CREDITORS
Amounts falling due within one year 10 (9,060 ) (7,748 )

NET CURRENT ASSETS 8,750 305

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,750

305

NET ASSETS/(LIABILITIES) 8,750 305
FUNDS 11
Unrestricted funds 8,750 305
TOTAL FUNDS 8,750 305

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE SHIMPLING TRUST LIMITED (REGISTERED NUMBER: 02161187)

BALANCE SHEET - continued
31ST JANUARY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 8th March 2024 and were signed on its behalf by:





L Schroder - Trustee

THE SHIMPLING TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 17,735 8,400
Gift aid 2,527 -
20,262 8,400


THE SHIMPLING TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 38 3

4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£    £    £   
Animal Welfare 9,935 1,920 11,855

5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Veterinary services & food 9,935 12,548

6. SUPPORT COSTS
Governance
costs
£   
Animal Welfare 1,920

Support costs, included in the above, are as follows:

Governance costs
2024 2023
Animal Total
Welfare activities
£    £   
Accountancy 1,920 960

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st January 2024 nor for the year ended 31st January 2023.


THE SHIMPLING TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


7. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

Expenses amounting to £6,548 were reimbursed to one trustee in the year in respect of direct project expenditure.

8. STAFF COSTS

The Trust has no members of staff and hence there are no employees receiving emoluments in excess of £60,000.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,700 2,400

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 9,060 7,748

11. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 305 8,445 8,750

TOTAL FUNDS 305 8,445 8,750

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 20,300 (11,855 ) 8,445

TOTAL FUNDS 20,300 (11,855 ) 8,445


THE SHIMPLING TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 5,410 (5,105 ) 305

TOTAL FUNDS 5,410 (5,105 ) 305

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,403 (13,508 ) (5,105 )

TOTAL FUNDS 8,403 (13,508 ) (5,105 )

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st January 2024.