SHANNON TRUST

Charity number: 1117249
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Delivering a peer-led Reading Plan where prisoners who can read teach prisoners who cannot in prisons across England, Wales & Northern Ireland.

Income and expenditure

Data for financial year ending 31 December 2024

Total income:
£3,580,596

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Donations and legacies £1.25m
Charitable activities £2.31m
Other trading activities £0
Investments £20.79k
Other £108

Total expenditure:
£3,525,639

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Raising funds £139.60k
Charitable activities £3.39m
Other £0

£0 investments gains (losses)

Total income includes £2,186,895 from 44 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £139.60k
Charitable expenditure £3.39m
Retained for future use £54.96k

People

88 Employee(s)

10 Trustee(s)

119 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£90k to £100k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 14 December 2006: Standard registration
  • 31 March 2022: Funds received from 1162169 ONE TO ONE MATHS
Organisation type:
Charitable company
Other names:
  • THE SHANNON TRUST (Previous name)
Company number:
05906258 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
John Michael Wemms Chair 01 April 2021
None on record
Steven John Wellard Trustee 11 December 2024
None on record
Thomas Robert Saunders Trustee 03 May 2023
None on record
Joanna Nadine Marston Trustee 14 September 2022
ETERNAL COMMUNITY MEDIA
Received: On time
Pankaj Sethi Trustee 15 December 2021
None on record
Ceri Godwin Trustee 28 July 2021
None on record
Andrew Michael Reid Trustee 02 September 2019
None on record
Brenda Rose Bates Trustee 31 May 2019
None on record
William Idris Griffin Payne Trustee 01 September 2017
THE COMMUNITY OF THE SACRED PASSION
Received: On time
John Bensted Trustee 25 February 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2020 31/12/2021 31/12/2022 31/12/2023 31/12/2024
Total gross income £813.45k £789.72k £1.11m £2.47m £3.58m
Total expenditure £657.61k £755.71k £1.12m £2.25m £3.53m
Income from government contracts N/A N/A £75.86k £1.29m £2.19m
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £767.88k £734.69k £854.70k £937.64k £1.25m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £26.69k £54.38k £251.40k £1.52m £2.31m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.70k £555 £4.24k £13.71k £20.79k
Income - Other £17.18k £96 £137 £71 £108
Income - Legacies £98.18k £0 £40.25k £0 £0
Expenditure - Charitable activities £607.04k £682.65k £1.01m £2.14m £3.39m
Expenditure - Raising funds £50.57k £73.06k £104.52k £105.86k £139.60k
Expenditure - Governance £17.11k £11.90k £9.56k £9.69k £11.24k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2020 31/12/2021 31/12/2022 31/12/2023 31/12/2024
Own use assets £1 £1 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £751.33k £668.95k £615.88k £870.99k £996.03k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £188.87k £72.48k £27.66k £63.62k £133.70k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2024 22 May 2025 On Time
Accounts and TAR 31 December 2024 22 May 2025 On Time Download Open in new window
Annual return 31 December 2023 09 May 2024 On Time
Accounts and TAR 31 December 2023 09 May 2024 On Time Download Open in new window
Annual return 31 December 2022 16 May 2023 On Time
Accounts and TAR 31 December 2022 16 May 2023 On Time Download Open in new window
Annual return 31 December 2021 12 May 2022 On Time
Accounts and TAR 31 December 2021 12 May 2022 On Time Download Open in new window
Annual return 31 December 2020 24 June 2021 On Time
Accounts and TAR 31 December 2020 24 June 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 15 AUGUST 2006. AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 04/03/2015 as amended on 03 May 2023

Charitable objects

THE CHARITY'S OBJECTS ("THE OBJECTS") ARE SPECIFICALLY RESTRICTED TO THE PROMOTION OF: 1. THE ADVANCEMENT OF EDUCATION; 2. THE REHABILITATION OF OFFENDERS; 3. THE RELIEF OF FINANCIAL HARDSHIP SICKNESS AND DISTRESS OF INMATES OR FORMER INMATES AND THEIR FAMILIES OF PRISONS, YOUNG OFFENDERS' INSTITUTIONS, SECURE UNITS IN HIGH SECURITY PSYCHIATRIC OR OTHER HOSPITAL UNITS AND OFFENDERS OR FORMER OFFENDERS SUBJECT TO NON -CUSTODIAL COMMUNITY ORDERS IN THE UNITED KINGDOM; AND 4. TO PROMOTE LITERACY SCHEMES AND SIMILAR EDUCATIONAL INITIATIVES. NOTHING IN THESE ARTICLES AUTHORISES AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOR CHARITABLE IN ACCORDANCE WITH S.7 CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 CHARITIES ACT (NORTHERN IRELAND) 2008

Area of benefit

The area the charity can operate in, as set out in its governing document.

IN THE UNITED KINGDOM.

Contact information

Address:
International House
101 King's Cross Road
LONDON
WC1X 9LP
Phone:
0203 764 5250
Email:
communications@shannontrust.org.uk
Website:

www.shannontrust.org.uk Open in new window