Ch4rity registsation niimber-. 1026669 The Oglesby Charitable Trust Annual Report and FinanciLI Sial¢ments for the Year Ended 30 September 2024 Chayteied Accounlants 1st FIooL, Block C The Wli&rf faiicliestei. Road ]3urnley LxnLa811ii'e BBII IJG The Oglesby CharlÉable Trust Contents Ref￿'¢n¢¢ and Admiiiistralive Details Trustees, Report 2to8 Stalcinoiil of Re8ponsibilitiGs 91010 Ind¢peiident Al￿110rd Report 1110 13 Statement of Fin#NciAI Activities 14 Balan¢¢ Shect Is Cash Flow Stalement 16 Noleg to the Finmncial Statement8 171023 The OgIesby Charltable Trust Refei'eiice and Admlntstradve Detalls Trustees Jean Ogledby Christopher Oglesby Jane Oglesby Kaihjyn Grnham 1026669 Charlty R¢glstrAt141n Nunibei. PYlnclp*l Offlce Union Albert Square mandic81￿. M2 6LW Audltor Cl)aitered Accounlanls 1st Floor. Block C The Wharf Manche8ter Road Biirnley Lanca6hir¢ BBII IJG SolTcitnrJ Addleshaw Goddard One St Peter's Square Manchesler M2 3AB Bankers Inveitment manAgers torius Invcslmcnl Man#g¢rs 21)d Flooi., The Boardwalk 21 Liiile Peter Sli'e¢t Mpnche5tcr M15 4PS Ba¥cl&y3 Privatc Elank Levsl 27 I Cl)urcliill Pla¢¢ Loiidon E14 SHP RAtlibone Ihvestineni Managei)Knt Port of Livcipool Buildin Bruiiswick Sii'cel Livei'pool L3 INW Tortvell & Partners 5 Oxford Court MAncliesler M2 3WQ Page I The Oglesby Charltable Trust Tiwstees, Report Thc tNstees present the annual report togcthcr with the financial ststements and AudÈtOTS' report of the charity foi. Ihc year ended 30 Sepleinber 2024, I. BAckgi'ound to the Ogle5by Ch4rltoble Trust The Oglesby Charitable TrEisI (OCT) was fomKd in 1993 by the lale Mi¢h8cl OElcsby aiid l)is wife J￿n. The Trustees &re all still f4mily niembers. Iviih tl)e exceptioji of Trnsts ond cliarity 18wycr. Katluyn Gr&liam. wlio joincd in 2018. Tli¢ ocr was rr¢ated in response to th¢ ob8¢tvalions and expericnces of tile Oglesby f￿nIlY in ￿eating and growing the su¢¢ugfvl Manche8ter-based property company Bnjntwood, and gelttn8 to know the people and eo&nmuiiilies iii Ilie places in whiGh Il)e business pui down roots. A coinbination of PfTsonal and ¢orporale philanthropy hus provided the Tnisl's funding b&3C since ils oNlser, boih of wlii¢h ar¢ d¢riv¢d from the succeb of the biisii)¢ss. Ovei, the years, the relalionsliip belweett the two independenl enlilies has evolved, as both have become nioi'e aware of Ili¢ ii)Ipu¢t they eaii deliver In response lo die clJw)gii)g needs and inat&sed opporlunliiu for support in tl)¢ir localities of inleresl. Today tl)e OCT and Bnjntsvood woi'k boili in parallel and collaboiBtively to advocate for places omd coihftiuniiies, wliicli for Uie Tn]sl, siill focuses primarily on the North of Englai)d, Over rccenl years, Ilie Trnst has made Branls of lip to £3.5in per year, as well as delivering a Funding Plus fram¢work of non-financial I￿oLirccs, tailored to grantholders. needs. 2. Ovei'vleiv of Ihe year This I'¢port ts submitted one year after the tragic loss of our Cllair, Kale Vokes, and liei. son, A￿1)le, i Decembei, 2023. Since Il)ol tinie. tlie Trn81 has been recovering from Ihi8 devaslailng loss - in parl, througli 11)¢ wui'k that Kale and tiic remainder of the family wer4 and coniinu¢ lo b4 so p￿lOnate About. It 18 inJp08sible lo idrDlify, or least of all. to fill t1￿ gaps left by a lo￿ of thi8 naNre atMI ui)eoveiing Ihese gups 18 a lon¥ and slow PTUCCSS. As a simall faniily Tiwsl, we air forhinate Ilial Tn]sle¢s' Valu￿ ai'c aligned ond Ihal 811 olivtt Tiusteeg are closely engaged willi a114spcots of thir ivork. Iliis consislcncy has 511ppol.led corttifttsity considerably, As we have navig4t¢d the v81.ious pe&ks and troughs encoiint¢red by oui. sector as a whol¢ (his ye81', wo have bcen rcminded, continuously, of Kate's endiiring piEsenc¢ and h8v¢ ￿ntinUed lo liold fast to the prirtciplcs and vision thal she sliared with h¢r fellow foinily m￿lIber6 And Tiwstees. At the sdiiie lime, we air very aware of our responsibility as a fuiider, and a key lask this year lias been Lo PIDvid¢ coi)linuiCy oiid reassurance wiihii) the VCFSE coihniunity- Thi3 requI￿a the iinn)ediale i)I'acti¢al aclioii of &i)poiiiliiig Julie Oglesby, Tiustee. as Interim Chair, a Kole Iliat is subject lo i'eview by Il)e T￿￿te¢s. Soiii¢ inlcrnul adniinislialive proccsscs l)av¢ been gdjusted, lo cn8ur¢ conlinued visibilily and aecounlabiliLy> and lo en8UI'e tl)Ml all d¢Li$ion-n)akii)g meetings have reniain2d qiiorale. Regarding the broadei. social cconornic Colllcxl, 23124 was ycar of considcrable volatility that ha8 had a pi'ofound impoct Oll our secloi, Aiid ¢ominunilies. lji 22123 Ilie ¢oiintsy was resi)oiiding lo Ihe ecoiioinic, oi. 'cost of living, eLlSlS; lh¢ war in UkYain¢, supply chain shorl8gcs, %oaring energy bi118, Ilie nature 8nd climate ci'isig, and insl&bility in the UK governjnenl - iiiuth of which resulted in exts¢inB hardship, affecting iiidividu815, faiiiilies coimmunilies iii our IEgion and globally. In 23124 these probleins ait far fiDrn i'csolved. Coniinunilics Mrc now also r¢eling fN)m I1￿ local polari8ulion r¢siilting from Ili¢ conflict ii) Gaza and Israel, 2$ WCII as from ihe racist response to tile muyder of th1ee girls it) Souiliporl. Community cohesion lo have reached a ncw low. PAg¢ 2 The Oglesby Charityéble Trust Trustees, Report (eontlnued) The change in 8ovcrnmcnt chnnot unil¢ coiniiiunilie8 01 eradicate hMrdEhip, but it docs pcrknps 5igThal soinB PQSLtive signs.. in¢rcas¢d Iiousing availability in the fukntc, ktt¢r healthcafc resourciug #nd mJr¢ humdllc Èrealmcnl of ptople seeking ￿ fuge in the UK. Politicians have tbis year refeiyed lo working wllh philanthropy Aiid with Ilie VCFSE scctor, in & bid lo sw'fgce iiew resouTces and meet risiiig needs. Ai the SAme tiime. ¢v¢i' re funders have closed tlieii. doo[5 or redueed their scopc, but nonetheless, this 81rai￿ed op¢i'ating context n)&y be a c&lalysl for tlie developnient of diffcrent wNys of funding Ihe seivices t1￿[ con)i))uiiilies i'cly on. As pI&cc-b2scd thnder, Ilie OCT has a clear iuponsibility lo focus on specifE¢ localities: as well as to collaborate. lo bc cr¢ative about deploying n￿re resources. a¢Trd lo pay alteiilion lo Ili¢ inequalilies Ihal are pei'pctuated by 3. Glvjng overvleiv 3.1 Gientmyking.. policy The Tnist conlinves lo focus ￿ndS And olher support to charilablc organisations that are active iii ￿later Mallchester and the Noiili of Bn8land XNI that all￿7 wilh our pwyose framework. Our Objects ar¢ lo apply tli¢ ii)eome and any capital of Ili¢ Trnst's tunds for chai'itable purposes, as Rgrecd and decided by Ihe TNstees. by making donations lo charithble activities Il)al are aligfted wlih tile Trugtees, values gild intcrcs18. We are invile-only funder, seeking out activity tlirouBli our networks and rucarcli that will deliver shared outcome8, inviting formal applications (brtly on¢e a r¢lalionsliip has beei) eslablislicd. Tl)is rediices Linpi'oduLILive time Iliat Inight be speni by orgAnisalions in iiiaking unsuccessfknl applic&lions, and it cnables oiir siiiall Th￿st leain ro manage workflow effectively. We coiilTnu¢ to commit funds where they can rnake 8 dcmDnslrnble chllrilablc impact. W¢ focus on Aetivity about ivhich we are passionate, have cxperlise, can 8dd value, lliid where we peireive Ihal there is oppoytunily foy GI￿nge, Our inl¢rpi'etalioti of the activity Ih8t falls into thes¢ categories 13 %¢Jn]m&iised in our Puriyose Frameivork oil our website &nd this is lo be reviewed by Trnslees eV￿Y d￿'¢t year3. The Pui'pose Fi'amework i)ow foiii)f> a cornerslone lo our ability lo make consislenl. iyanspai'eiii fvnding decisions, and 1¢) bc accounlabl to oui'8elves aiid oihers about Iiow fun(L8 are disli'ibuled. Tlic Ch&Yity Iiad no fundraixing aclivilies and Ilierefore no disclosures under S162A of Ilic Charilics Act 2011. 3.2 Giaiitmakiiig.. activity The TThs1 made granls of £3. Im ii) 2023124. an iiicreasc on the prcvious yeai {L2.95m). Gi'ants iyei'e biggei; aliliou811 we made 10 fewer 8fanls {62) in ￿137. the total value of new Br&nls app1'ov￿ Illl yeAI' was more Ilian twice Illc lolal value of new &iranls approved itt Ilie previous yeu. Ag i'clalioosliips develop oiir undersiaiiding of. and confiduic¢ ill, t1￿ work tsncrea￿ and Ilie Iieed for volunlary seclur funding is 81'¢ater. Tlic spi'cad of fiinds this year is consistcnt wilh last, willi a si))all decrcasc tn Soci81 Ineqiialilies fiindirtg reflecting a small iii¢ffa5¢ foi" Arfs & Culturc. P.TrvironrncDI spcnd has riseii slightly CDnip#red lolosl ye#i-. and it is expected to shift Slightly again in 24llS with renewed activity arouiid the Giten GIAlIt pro8ranin)e 8t)d an iiicirased focus on climate action. Pag¢ 3 The Oglesby Charfitable Trust Tru5tees' Report (eontlnued) Fuiiding area 2¢r23-24 2022-23 I'ts 26% 22% EnviiDtsinent 19Yo Health 30% 29Y. Social Inequalilics 250 30% The appioxiiiiale distribiition of spend against our aims (as opposcd to Ihcmatic areas) shows sonieihing elosey lo (he likely imp8¢1 of the funding. This is calcul#l¢d by allocating each grant made agdinst our target oiilcom¢s. regai'dlcs$ of which sector Ihe delivcry organisAtions ale considcred lo be fiDlll. These ouleomes are listed iii our Puiyose Fixmework, on our websile ' the lic3dline aim$ are below: Alm9 Fuuds Bpent Supporliiig cultural vibrnncy al￿ tlK arl8 lo enrlch All comniuilities and peoplo £709,029 Supportiiig iwtui'e based ¥olutions lo Ihe ¢limai¢ crisis al￿ ¢l￿blIng 811 conllmuiiilies ID eiigage with the nattirdl world £527,879 Suppor¢iTr8 medical reSca￿h and palient cars itsitiatives with selected organi88tions £752.628 Supporting iniii4lives whicli lackle 3yslemic inequalities and Ilieir impacl oil people's lives and coniinunilies £1,089,904 Tjie tables abovc show that whilst, for example, 25th/• or £770,989 of funding weill to or8WliS4tiOJ15 working in the social incqualitics spac4 moi'c than this (closer lo 34%. or £1,089,904) WAS spent on this woi'k, ¥howing 118 that conventional ai'ts. and culture, healtli #nd environm¢nl urgatiisalions arc also eng8g¢d in tackling iii¢qualilie8. The8e observations llnd oihets liave beei) drawn from our internal iiiipact repoit. Fiiiding8 are discussed wltli Trn&lees aiid aiiy adjuslittenls iiiude accordingly, Its 2024125. for example, tliere is ali inleillion lo focus oli ndin% environmental work a8 Iliis has been und¢rr¢pr¢senled in ￿ndIng terinx, dexplle Ille size of tl)e challeiige Ihat needs lo be tackled. h111￿..110￿1CSbye1￿rL10b1t*1U￿.Qr¥.Uklwp-cQThlC#¢1up1rMd￿ll1l￿1jCT-PUTpoS¢.Ft￿ThlcThx￿k-l.pdf Page 4 The Oglesby Charitable Trnst Trustees, Report (continued) We pl¢asd io r¢porl on progress against iniiiatives introduced in 2022123., Gteeii Elxllls: fviiding fol ¢xisliThg gtsniholders ivhose missioll is not in die environEnenl or clin]ate space to deliver environn)enial projeels. All projects ¢0Mll￿nced in 22r23 iveie compleled in 23124, WAlh new pIDj¢¢I funded, and seyeral nioi'e iii Il)e pipeline for delivery in 24125. These projecls have delivered signific&nt eiiergy savings. provided strategic expcrlise al￿ ehgaged different 8roups willi aciion on Climate clidnme, All UFI?nls ure iecoiillnended for approval iii Loiisuliation wilh Ilie SuSt￿li1￿bilIty leain at Bi'unlwoo(L whose expertise conlributes Significantly lo ihe due diligcjice prncesR. Impact findings are being 8atliei.ed nd sliared via our ivebsile. FDI)draising clinics.. expei'l support around iiieonK generalioN for gniall charitTes w85 Provided. This ye8r we adjusted Ihv niod¢l iij I'uponse to feedback from pw'(icipants and tlie consultant. 8 clinics have beell provided and iii evaluation of Ihese will be shai'cd later 24125. WellbBing grants,. 81nall grr4111s were rolled out lo exis¢tn8 groniholders ￿ f￿'thcr thoir charitable purposc8 by providing ringfenccd sllPPOrt to stsff and volunteers. Tliese are evalualed as the fund8 arc $peiit and an ¢valualion will be coniplcl¢d in Scptcmbcr. Dclai18 on Ihc progiynime on our silc We conliiiue lo irporl oil ou¢ actions as a SigAAtory lo the Funders, Coinmilin¢nt on Climate Chan8¢, and we hmve rei)ewed our accredilAtion as 8 Reo1 Livi118 Wage Employer. We continue lo advocate for ￿lT WDrkiiig conditions for VCFSR colleaRues 811d upliold Ilie Real Living Wage Funder slandards, This year we were also chosen for asses8menl by Ih¢ E0￿￿￿&Clice Ralins pmi#cJ and were F411ocal¢d a score of B against Ilie IMe&sui'es of diversity. accounlability and transparency. Finally. we also yubyci'ibe lo Ilie eixlil coinimitmenL8 thttt ￿t￿erPin fundcr practice, a8 dcvcloped by IVAR. Fui'lhei. ii)ilialiv&$ und￿waY in 23124 iuclude sorn¢ I￿11#bor&I1VC work: Iinpacl Le*deKs' Circ1&8 a¢E in dev¢loi)mertt wilh Ri3e, a leader%hip and collaboration agency lo develop peey suppoi't and personal developinenl oppOrt￿nIlle5 far e51ablislied le4d¢rJ in Maiichesler's VCFSE sector. We aLt collaboratitig with a local VCFSE in&As(Ncttire or￿nIS1110n, 8nd a leadership and developm¢nt coa¢h to delivtr 6.monih progiammss for emcrgiiig leaders iii the Youlh and Play sector lo devclop Ihsii. leadersbip skills and networks. We are collaborating witli contscls in Ilic ii)igraiion supporl seclor io u'eate new resources io exl¢nd &nd ¢nl)ance ilie 8v&ilAbility and acce6sibiliry of Englisli classes for speHker8 of oilicr lan8ua8es (FSOLJ. Finally* collaboi'ation with Bnmtwood has led lo OCT gi'8nl-holder& acccssing HR woi'kshops and itsoiirccs, Inarkelsiig and bi'aiid Support, i'ecrui(meiit support, meeling sph￿ And moiB. For mor¢ dolailed analysi¥ of grjnt-making and Funding Plus in 2023124. pleas¢ s¢¢ our websll¢. 4. FAil￿lie1VI1 In*nagemei)I As iisiial, we have continued lo rnoiiitor our five year plan, to cnsuK all cornniilments ait l)ononitd. and that loiig term sp¢nding projections can be achitved (or adjustcd if neccsg&ry). Wc reccivcd £2.171i1 iii pl)ilènthYopiG dividei)d r￿Id iiicome 8nd acc¢ssed £356.353 froin rns¢rves, This appioach to fiiiai)cing chp41ilablc coiiimilinenls reflettts tlie volatile nutuit of the currenl ecoi)onii¢ cli1￿a(C and il also reflects prudent decision-niakiiig eji'ly oil ID Ihe Ti'usl's bisloiy, whbch has allowed sulfiGient I'eserves to be built up lo mainiaiii continuity ￿,1￿ requii'¢d, Expendittiir has exceedtd ineoiiie for several years, and whilst IhEre have been fluctuatioiiÈ within tliis, Ilie Gul'ienl ¢xpe¢lalioii is diat i11￿lne Bnd ￿pendI￿lre will now 8l&biliAc al arouiid £2.5ni Iier year, subject to 11)arkel Londilions. Ibllps-IloKle¥byclJThritsbletsusl.¢)rg.ukifundinu-WllyB-tO-wcllkin Page S The Oglesby Charitable Trust TrllSte￿' Report (continued) S. Maiiagemtiit and governttllee 5.1 Peoplo changes Sincc Jxnuary 2024, the Trust hgs comprised: Jane Oglesby (Interim Chair), Katlmyn Grahani, Je8n nEl¢sby And Ckn'is Og1¢8by (Tru$le¢s). Trust Maiiager ILoiij5e Magill) works affiongsidc Osmaii Mohgmed cfj'usl CooTdin&loi'), Ji¢qui Burges8 is Finance Manager, sccondcd froni partner ¢oillpany* Bimnhvood. Jane l)a WOTked clusely with the ilaff lethm on operalional matteKS, and in close constsltation wilh felli)w Truslces. The Truste￿ serve on Ilie Boaith of oih¢r cliariillble organisAIi011s. noled elscivlwrc, allhoug]i tliis year, Jane conipleled Iier tenure al Ilie Menopaus¢ c1￿11ty afte¥ Ilirec yearn. seTViCe. 5.2 Govei'nance Othei. than Ihe chang&8 referred lo above, Ilicrc have becn no chatt8es in governance. Fornial Trnsl¢¢ Ineelin8S nd fin8nce sub-group mceting8 conlinuc to be hcld four limes a year, The Jnl¢rim Chair and Trn8t Managci. nieet ¢very thvo w¢ek% for d￿ls1On-Makingl disLUSSffiDll, or for slralegic planning, Key conclusions and Actioii poiiits froni Ihcs¢ meetings ￿.¢ now circulftled lo * d¢sigiial¢d Trt￿lee where Hpwoval 18 needed aiKI also rccorded al Trustee ineelings. Tl)e TNst welcoiiied a thrtl)er meml)cr of Ilie Oglesby family lo obserye a Board meetin8 t]iis ye&i', and consideration is being given lo how he and otheis in Ilie family may become involved in Tiust business in Ili¢ future. 5.3 Risk MAn8gemenl The Tiuslees coiisider the major risks to which the Charity is exposed. Financial risk is foimJlLy consideiEd al the Finattce Sub-group meeting5, &nd all other risks are r4i5ed as they become knoivn, escfilatcd ¥s ai)pmpi'iat¢ ohd in line willi oui. Risk Managernenl policy, and recorded on the risk register, whicli is circulated al each Tiustee Board IneetinB. A growing arei of risk for ¢l13ri1ies and for s(Kiety g¢ll￿allY is fi'aud, or btting 'scgmmed'. Although all oiir systems f41'e protected by 2-sts8e authentication methods, we identified an area of pol¢JJtial risk regArding Ihc shariiig of b#1& uccouiil iiifomiation. H8viiig checked the guid4iJ¢e available, we hllve iiiliDduccd this ycxr ali ddilioii&l bank detail veiificelioii pro¢&8F, which is completed by phone ¢0 the relevant charity, using a piiblicly publislied phone number. We liave funded work Iliat delivei's public benefil lo organisotlons Iliat arc noi)-PlDfil-mtkiiig by n*￿re, bul not i'cgist¢red as ¢harilies, Aliliougli Ihe Trust's Objecls do make provisioti for tliis, on Illese occasioiis. we l)av¢ been ¢ire￿I lo eiisuit th8111)ey reslricl thc Tn￿e'S funds lo wlivlly Lliurilable a¢tivity, a(£ount for il N￿oi.dinglY aiid report on expei)diture. One further peireived risk 1$ wilh regards lo irleasing funds to 8n orgai)is81ion Ih8t Iheii does not survive. Suslaiiiabllity is exceplioiially diff￿ult. alld like illany oiher funders. we fiiid our fvnding being nccdcd lo lllaintaiii Ihe sfalus quo, oi. bJ'idg¢ shoitfalls in core fiLnds. This not occuned in ￿11 this year but we ai? findiiig tlie po.%sibility iDore Con￿10n, TTltstees take a ￿'agMa1￿C ftppr0ac￿ to risk an(1 Y41'e feel thal Illo￿ caus&8, or8anisalions Y4nd i)eoplc Il)al strnEgle lo se¢ure funding can be Iliose Iliat are iTh)sl nttded. Page 6 The Oglesby Charltable Trust Trustees, Report (contlnued) 5.4 Reserves The Thustee8 aim lo m8Tnl8in free resuves in unr&%trictcd funds At a level il)at meets our five year fvnding commitmciits. This has becoin¢ increasingly imporlotit duruis the curreDI peiiod, and in the woril cas# s¢eiiario. would aiable curr¢nily funded activities to bc completed or wound dom), sliould incorne drop significanlSy. This is foi'mally reviewed al each quarterly finance meeting and as previousty Ihis yeBI', Trusteeg have I'emkined conifoitsble Ihflt the resei'veg cover all eventualities. Although total givii)g iiicreased this year conipared will) la8t year, the Truste&s' expectalioTh is now that Ilie coining years Inay see a slight reduclion iii M¢w giviiiu capacity, in line witli maikcl condition5, A5 a conseqLience, reservcs al'e expected lo be replenis1)ed, enabling the Tiwt lo conlinii¢ lo contribute subslants4lly lo Ilitt VCFSE scctor in our i'egioii into the long teny). 5.5 hive8tmcthl$ Tlie Cliarlty Alm8 to g¢nty&le a return on inV￿l￿en¢ at leN81 equAI to Inflalion to nMiiilain the real value of tho funds invested. W¢ ale again satisfied willi inveslmenl relurns, which remain consistent wilh the currertl th&rkel. Under the T1￿81 Dccd, tlie Tmstees have iini'eslri¢ted power8 to inve%1 tn slock.s and sl)ar¢s, prop¢rCy or L)IlieL' inveslincnls is Iliey in Ilicir ab801ule discretion think fil. EaTly indiLalion¥ are Ili&t Ihtt impmcl inveslmcn¢ eoinmillecl to in 202 Ir22 will deliver a Ye￿rn in line ivitli, or axceedin8J cxpectations financially, 8s well as in l¢mts of Socidl Iiomsing bencfits for vulnerable people. We will learn moir ttbout tl1i8 in 2024125, 6. Publle b¢ne(It stRtemeMt Tlie Tiuslees h&ve considered Ihe public benefit guidaiice published by the Charity Comniission and con5idei' that Iliey have complicd wilh Il)¢ guidance by 8upporliiJg only a¢tivilies re¢ognised as ch8rilabl¢ uThd¢r Englisli Law. 7. rtliiaiicl%l summary Thc Charity me¢ls ils day-to-dAy reqiiiremenls ikn'0118h casli it holds with ils bank. wliich 15 n)onitorcd closely, As disousbed ¢lscwh¢re, charity fore￿15 aiid prOJ￿tIonS are reviewed irgularly by thc Financc Sub.Group and we coiilinue lo adopl lh¢ goii)g concern basi8 iti prepftring our finaiiciul slaleincnls. The cliarily has inade El'anls of £3,079,439 in this financial year (2022r23: £2.947.671). Since tha Tn￿t wlls fornied in 1993, ovcr £30 iiiillion Ilas becn doiiaied. Tlie i'￿ery&S of tl)e Chutity now stAnd at £6.9in compai'ed WFih £7.2m at Ih¢ begiftning of tli8 y￿1.. A reductio of £356k. As disvujsed elsewliere, this position 15 cmrcfiilly Inanaged lo provide both Ilie flcxibility to I'espond to tlie broAdei' economic cliinate at Ihc same limc 88 considering the opa'ational tim¢frames of ovi, funding p8iln¢i', tlic BnJnlw¢x)d (iroup. As u,8URI, we slarled and ended Ilie financial y￿r witl) substantial fonvaid conimilments from Ihe prcvious year, due to niulti-yeai. pledE¢s wl)icli are in¢iEasiiigly b comn)on feafurc of our 8r¢nl-rnakiiig. The pled8os at yoBr end (30109n024), 1)one of whicli ait wnlrac¢ually biT)ding. aild dll of wliich are subjeGI to perfoi)n&nce ci'ileri8, lolal approxiinately £3.5m InillÈon over the next four yeAr8 {2024r25-2027128). Trustees a8pii'e to pi'ovide hding closei. lo £IOiii within cliis tiin¢franK. but this will be siibjecl lo y￿.13t[On8 iii tlic Icvcl of our reseives, as above. At pr¢sent, ￿SerVe￿ covcr these coinmihn¢tits appropriakly. Pgge 7 The Oglesby Charltablt Trust Tru5tees' Report (contlnued) Il f¢POTI w45 approved by the ttudees of the charity 9 July2025 siwied on its bdialf by: Jane Ogles Trnslee Ptsge 8 The Oglesby Cliaritable Triist Statement of Respoiislbilities Th¢ trust¢cs ￿pOnsIble for preparing the t￿￿te¢s, rq￿rt and 11)e financial stat¢mcn18 in Acconi8llCe Wlth Ihc Uttiled Kiiigdom Accouiiliiig Slandplrds (United Kingdom Generally Accepted Aceounling Pr&ctice) and pplicable laiv and r¢gulalion8. Tjie Ti'1181ee8 have eonsidered ilK public b8llefil guidall￿ publixlied by the Charity Coinmi8sion and ¢onsidei' 11101 tli8y liave complied with Ili¢ guidance by supporting only 8Ctivilies reco8nised as charitable under Bngllsh Law, The law applicable to chorilies req111￿5 the tnjslecs to prepaTe financTal slatements for each financial year wliich Sive a liu¢ and fair view of th¢ slate of of the charity and of th¢ incoming iesourccs application of re801i1.ces of tli¢ rlyaiity for tFtht period. Iii preparing Ili¢ss financial statements, the tnjstees requircd io: select suitable Accounting policics and then apply thein consistently* observe tIK inciliods aiid prtnciplcs in the Chariltes SORP; n)ake judgwl￿A)ts and ¢slim)tes that are re8son8ble and ptudcnt. slule whether applicable ￿¢coUn[ln￿ stthndards have been followed, subj￿( lo any In&lerial departui'es disclosed aiid explaincd in the finAncial slalements. and prepare Ihc fin&iiciAI slalcmciils on Ihe going coiiccm bxgis unles8 it is inappropi'iate lo presume Ihal th¢ charity will continue in business. The Ir￿lte¢S are ￿sponSible for keeping proper accounting re¢oids Ihat disc105e with reasoiiable accura¢y al any liiiie tli¢ financial POAilion of the cliarity and enable Iliem lo ensure Iliat the financial 61alein¢nts coinply witli Ilie Cl)#i'ilie$ Act 2011, the Chaiilics {Aceoun15 and Rcporls) Regulations 2008, and th¢ ptovisioiis of Ilie conslittilion. The trnslee8 are also regponsible for s&feg(Jarding Ille assets of Ilie clivliity lience for laking Tea801)able sleps foi. the p￿VentioN And detection of fraud and other in¢8iilaiilie$. During Ibc year, the Trust reviewed and approved the fDllowing policies: Safeyuardin8 Risk (including Risk rc8isler) Confll¢t of ill1￿￿$18 Op¢Yational finance Tivstee and staff expenses So¢ial iiiedi Complaints Investmcnt PrivRcy, in¢luding Dal# Protection & GDPR Equily, Diversity 8nd In¢lusio Hgalili & 88fely I risk assessment Grantm&king Bnviroiiinenlal su51ain&bilily Slaff and Truslee Code ofconduot Pagc 9 The Oglesby Cllaritsble TiThst The Iivslees ftrc I'espon8ibl¢ for Ilie n)aiiilenanco Integrity of tl)¢ corporalc and fiiiaiicial information Inclllded on the chari18iJle conipanVs webslie. LegiAlailon gov¢niln8 Ilie preparation ai)d diss¢i)iinalioii of fliiattclal slalciiicnlg niay differ fi'om l¢gi51otioii iii oilici. jurisdictions. Appmyed by Iha (N$l¢8s of th¢ Gharlty on 9 July 2025 aiid si￿￿1 on Ils behalf by: Joiie Ogl¢sby slee Page 10 Tlle Oglesby Charitable Trn8t Independent Audfitorls Report to the Trustees of The Oglesby Charltable Trust Oplntoii We havc Audited the finan¢ial slatemcnls of The Oglesby Charitgblc Trnsl (Ibe 'ch&rity') for Ihc year uided 30 Scptcinber 2024, wliich comprise the Stalcinent of Financial Activitics, Balancc Shcct, C&%h Flow Staleincnl, and Notes lo Ilie Fin8nci&I Siatemcnls. including a sunUll￿Y of signifieallt #ecounling poll¢ies. The financial repoi'liiig fi?m¢work IhAI has been applied in t])eir prewation is Uniled Killgdoili Accouiiting Siandai.ds. compiisi1￿ Chai'ities SORP - FRS 102 Yhe FI￿ncIal R¢w)rting Si8ndard applicable in the UK and Republic of Ii'eland, Blld applicable law (United Kingdoii) Generally Ac¢epied Accouiiling Practice). In our opinioii tlie finnnciul 8talcm¢nts: give a Iiii¢ 8ihd f8ir view of thc slate of tlic tharity's Affairs as 8t 30 September 2024 and of ils incoming i'csources and application of resources, including 118 in¢onie RE]d expendilui-c, foi Ilie ycar th¢n uided; have been properly pr¢p&red in 4¢¢ordan¢e willi United Kingdom Gciiernlly Accepted Accounting PrAclice' nd have beeii pi'epared ill Ac¢ordancc with the Tequiremenls of the Clwiiies Act 201 I. BASIS (or oplnlon We condueted our avdil in accordaDCe willi Inlernatioiial .8iandards on Auditin8 (UK) (ISAS (UK)) and applicftble law. Our responsibilities und¢r Ihose standards are furtliu. dCs¢r1￿ iii tSie auditor I'cspon5ibililie8 for tl* audit of tli¢ fii)ancial st&lenienls section of our reporL We are independent of Ilie Cli￿'1ty in accordance wilh the etliical reqUi￿l￿ents IliaL arc relevant lo our audit of Ihe financial stalei))C41ts in Ilic UK, including Ille FRC'8 Elliical Standard, and w¢ l)ave fijifillcd our oilier etliical responsibiliiics in accord&1)￿ wilh diese requii.emen￿. We believe thal Ilie audit evidence we have obillincd is 8iitricient and appropriaie lo piDvide a basis foi. our opinion. Concluslons i'olailng to goln£ concern In audiling rhe financial st4temen18. we have concluded that the trustees use of Ihe going coiicern b￿18 or a¢tounting iii t1￿ preparation of Ilic financial stalcincnls 18 appropi'i81e. Based oil the WDA( we havc performed. we have nol ideiitified atiy makrial iiii¢¢rt8inties r¢l&ling lo cvent8 or coiidilions that, 5ndividually or collectively, Inay cftst signifi¢anl doubt on Ilh¢ chai'ity¥ ability to coiitinue as a goits8 conceni for a perÈod of al least twelvc monlhs from when Ihe origin81 financial st&leAlleiils weir auihoYi8ed for issue. Oiii. re$ponqibililie5 and the rcsponsibilitics of the liuslces willi respect to going conlem al'e described in Ilie levaiit sectiorks of Ihis rcporl. Otlier Infoyinatloii Th¢ trustccs al'e respoiisible foi. Ihe oihor infurm81ion. The oiher iThformatioii comprises the iiifoi'malioi) illcluded iii the aiiniial irport, othei. than the fin8n¢ial 51alcinehts aiid our auditor's Irpoil Ihcreon. Our opiiiion oi) thc finaucial siaten)enls does not cover the oiher infomulioll und, except to the extei)t oihe)Ivise exi)licitly slaled til oui report. we do not expirss any foiin of assurgnce conclusion thereon. In connecliorL wilh our audit of ilie fsnancial 5￿t￿ne￿I8, oiir responsibility is lo read Ihe othu. infornialion and, n doing 60, consider whether the Oll￿r inforimation is Inaterially inconsistcnt with Ihe finaiicidl slalemenls oi, oiii. knowledge obtained in Ihc 8udi¢ or othenvis¢ 8ppcars to be materially misslllt¢d. If we identify sligh inaterial inconsi&tellcie5 01. appMI'ent mateiial misstalements, we are required to d¢t¢nnin¢ wheilicr theT¢ i% a maleri&l mi3slalcineiit in tlie financial slatem¢uls or M material misslalemcllt of the iii(OTn)alion. If, based on Ihe work we hjve pei'tom]¢d, we concludc th&t ther¢ AS a nthlerial mI&8latem￿il of tbi5 Other infonll8tion, WB ale required lo rei)oi'l Iliat fact. We liave iioil?ing lo report in this Tcgard. Page 11 The Oglesby Charitable Trust Independent Audltor's Report to the Trustees of The Oglesby Charitable Trust {eontinued) Mgttei's on Jyhich we are requlred to report by excepllon We hav¢ noihiiig lo report Ill KcspeGt of followi1￿ inall￿$ whcte th¢ Charities Act 2011 requir￿ us to TepDYt to you if, in our opinion.. tlie inform&tiOll given ITh tlie fii)ancial slalcments is inconsisien( in any ni&terial r&8pect willi the Inistees, repurL or siifficient accounting records have not be￿1 k¢pt" or tile financial stalemeijts Bre not iii agreeinent with the accouilling records; or we Ii&vc not received all the information and cxplanations we Tequire for our audit, RèsponNlblllde5 of trustees As cxplain¢d rn￿re fully in lh¢ Trustee& Rqwi'l, t1￿ Iruslees are rcspoitsible for Ilie preparation of tlie financial slaleihcnl8 Mnd foi. b¢in¥ 8alisfied that they give a and fair view, and for wtyh internal control Rs Ihe ITLlStccs delei'inin¢ is neces￿1"Y lo enable t1￿ preparalion of financial st8lemenls 1118t are rtu froii) nioterial i*i%sldlcinuil, wheihei. due lo fr411d or error. l)1 prq)aring Ihe financial slalcm¢nls. Ili¢ trustees are responsible for assessing the charity's ability to continue as a going concern. dI￿10$1￿gI as applicoble, tn&llerg relaled lo goii)B con¢ern and using th¢ going concei'n basis of accoiiniing unle&8 the trusieu ¢ilheT iThtend to liquida1¢ Ibe ¢j￿rity or lo cease operations, or h&ve no realistic alteriialive but lo do 80. Audltor r¢spoiiiibllltle$ for tkne gudlt of the fli)anclol stalenients Our objectives ar¢ to obtain reasonabl¢ assu¥an¢e abolit wlicther the financial 8tat¢rnents as a wliole al'e fre¢ fiom matet'ial misslatenienl, whether due to fiiiid or effor. and lo issue an auditOT'S repoii Ihat includrs oiir oplnion. Rc8sonable assurance is a liigh level of assuranc¢, bul is nol a guaranlec that an audit conducted in accoi'dance willi ISAS {UK) will alway$ detect Y4 material mis5tat¢in¢nt wheii it exists. Misstalemci)Is can &rise from fi.aud oi errol Biid are con$idertd n￿terIal if. Individually or in the aggi'egate, Iliey could reasonably be expe¢led lo inlluence the economic decision¥ of user8 taken on the b&si¥ oftl)eye fuwnciml Stalenienls. Irregularities, includii)g fraud, are instances of nOn￿on]p11aTrce willi laws and regUl￿10ns. We desigii pi'o¢edui'cs in Ilne willi our responsibilities. oulliiied ubove, lo dclect iiiaieriAI rni&slalements in resi)ect of ii'regularilies. includiiig fi"4ud. The specific procedures for Iliis engag￿ment and tIK ¢xleiit to wliicli Ihese ur¢ ¢apuble of dele¢ting inrgulai'ili&8, includitkg frnud is derailed bclow. Oui. approach lo idciitifying and as5C5siiig Ihc risks of maierial misstatement iii respccl of TnE¥ulai'ilie& iiicludiiig fi'aud and non-compliance with laws And regulatiom, was as follows: Ili¢ engagcment partner ensltred 11)at Ilie engagement leain colleclively liad th¢ appi'opriate Loinpeteiic c&i)Jbililiew Aiid skills to idetilify oi. ttcognise non-coinpliance wilh applicable laws And i'ogulallons; we idenlificd thc laws and regulations appliLablc to Ibe charity IknDugh discussions with Inislees ond oilier iiianagciiiei)1, 81)d from our kiiowledge and experience ot Ihe charity seclor. we tOGUS5ed on specific laws and regulatio1￿ wl)ich we cornsidered ITJay have a direct in&tei'i41 effect 01) Il)e rinancial 818tenient8 or tli¢ operations of thc cliarity, in¢ludinx tlle Chllrilies Aci 2011; wc asscsscd Ihc ¢xlenl of coniplTanc¢ wfiih the laws and IC￿lIati￿ll8 idenlified above Ihrougli rnaking enquiiieg of management inspecting leE&l ￿￿eSponde￿Iee. a51d we identified l&ws and rcgulations wlilcli wcre coii)Inunicalcd wit]?in Ihe audit team regulurly and Ilic kaiii i'cmaliied alert lo insthnceg of non-compl1a￿ce Ilirougl)out the audit. We asstsscd thc su8C¢Ptibility of the charity's ruw￿1￿1 statemeftts to rnaterial misstAtem¢nt, iiieliiding obtaining an lind￿'S14nding of how fraL)d might occur, by: Page 12 The Ogleshy Charit2ble Trust Indepeiident Audltor's Report to the Trustees of Tlie Oglesby Charitable Trust (continued) akllig enquirie5 of managetiieDt as to whue they considered thcrc wa8 susceptibility lo fraud, their knowledge of actual, suypecled and alleged fraud. and constdeiing the inlernal controls in plaL¢ lo mitigale risks of fr8ud and iion-complianc6 witii laws llnd r¢gulations. To address lh¢ risk of fraud Ihrou8h m&iidg¢mu)t bias and ovctrid¢ of controls, we: perforined analylical procedures 01) niaterial blllances for which robust, xubslanlive analylieal piocedui'e5 have be¢n undeitsken to identify any unusual oi. uncxiieLlcd relalionsliips. tesled jouiY&l entt'ies to idemlify utsugual Ir8nsactsons' aud investi8al¢d tli¢ ra¢ioiiale bchlttd siwiifichnt or unusuNI Irat)sacliorts. There are iitheienl limilatlons iii ouy audit procedurcs dcsci'ibed above. The Inore renloved IhAI laws ai)d regulAlirJyw arc froni finhnci81 traD￿cli¢j￿￿, the less likcly it is that we would become 8waie of non¢o?npliyiice. Audiliii8 il&iidards also limit the audit proccdurcs required to idenlify non-compliance with law.s and i'egulations to enquiry of the IIu81e¢8 and other mahagettwtht and the iitspection of Kegulatory and ieBal Gori¢spothdettce, if Y4ny. Malerif41 mi8stuiemenlS Ilial Arise due to fraud can be li&rder to delecl than those tlial arise from en'or as Iliey i)i&y involve deliberate coi)ce41nient or collusion. A fui'ilier desci'iption of oui. responsibililies for tlie audit of Il)¢ fittattcial stalcnients is localcd on tlie Fii)ancial R¢poi'ling Coiincil's w¢bsil¢ 8t.. www.fr¢.org,uklauditorsrcspon8ibilities. This d¢￿rIptIOn foim)8 parl of oiii. auditoi s tepoi"l. Use of our repoi'l Tl)is report is made Èolely lo the cl)arity lrnslces, a$ 8 body, iii accordance willi scclioii 144 of Ilie Cliirities Ael 2011 and regulalioiis inad¢ undei. section 154 of tl)a¢ Acl. Our audit ivork hhs been ui)derl8kei) so Iliat w¢ niiglit slale to Ihe Liuslces Iliosc mallers we are required to slale to trustees in an audilui'b, i'epuTI and for iio oihei. puKpDyc. To Ilie fullesl exlenl pcrTriitted by law, we do not aLcepl or &￿Ulkne i'espnnsibility lo anyniie oihei, Ihan Ilie cliarity and ils triislees 85 # body, for ovr 8udit worK for this repoTI, or for Ilie opini011s we liave formed. KM, Stamlory Auditor 1st Floor, Block C The Wiitirf Manche8ter Road B411111¢y Laiicmshiic BBII IJG 9 July 2025 Page 13 The Oglesby Charitable Trust Statement of Flnancial Activities for the Year Elided 30 September 2024 Unrejtrlcted rundg Total 2024 TotAI 2013 Note In¢ome fi'orn: Donations Iiivestmenls Oiher Incoin¢ 2,193.193 89,169 500 2,193,193 89,169 19,200 101,243 Total incoitte 2 282,862 2 282 862 120443 Expenditure on: Cliatilable acilviil 3,246,68 3,246.687) (3,173,699) Total oxpenditure Not exp¢ndibJi'c Olhtr i'ecDgnlsed gains and losses Oiliei. 8ainsllos8e8 Net moven)ent in fvThds (3.246 687 3.246,687 3 173,699 (963,825) (963,825) {3,a53,2561 607,472 &)7,472 200,914 (356J53) (356,353) (2,852,342) Reconclllatlon of funda Total funds brou¥ht lotTryard Tolal fijftds carried foTward 7,211,384 7.211,384 10,063.726 7 211.384 14 6 855 031 6 855,031 All of the ¢hArity'S activilics dcrive from continuing op¢rations durirtE the above two periods. Tlie fuiidA breakdowti foi. 2023 is sliown in note14. The ttoles on pages 17 10 23 forni an iiitcgral part of thcsc finallcial slalemellls. Page 14 The Oglesby Charithble Ti"ust (Registi'atlon numbei.: 1026669) Balance Sheet Is at 30 September 2024 20 Note Flxed Assets Inv¢sIn￿￿t8 5,811,730 6,142,355 Cui'i'oiit fissel$ Deblors Cash &t baiik alKI ill l)and 12 63,169 994,034 ,057,203 1083,820 1,083,820 Ci'edltOl'4: AThount6 fRlllng dua ivAthlN oiie yeAY Net cuyi'ent nsset8 13 1,043 301 1069 029 Not nss¢t8 6 855,031 7,211,384 Fuhds Oft1￿ clili'lty: Uni'eiÉi'lcted Incoine fviids Uiii'estt'i¢l¢d funds 6,855 031 7,211384 7211384 TotAI fui)ds 14 6855 031 Tlie fin)nci&l slaleii)¢nlS on pageB 14 10 23 wei% approved by Ih¢ lrnsle£s, ond aiiiliorlsed for igsue 0119 July 2025 ahd 8lgn¢d 011 Ilielr beli&lf by., Jaiie gle8by Trllslee Tl* llole$ oil pages 17 to 23 r￿In an intcgrnl parl ofihcsc finan¢iNI Slaleineiils, PAg¢ 15 The Oglesby Charitable Trust Cash Flow Statement for tlie Year Ended 30 September 2024 2024 2023 Note Cqili floiys from opeyatlng #ctivlliei Net ¢&8h expcndihiir Adjustiilenls to eR8h tIow8 h'om iionwCa8h Ilem8 Investment income R¢valualion of investmenl {356,353) (2,852,342) (89.169) 607 471 (101,243) 200915 (1,052,993) (3,154,5QO) Worklng CAPTfAI AdJustihellts (liicrease)Ideci'ease in debtors Decrease in ¢r¢dilors 12 13 (63.169) 889 138,298 107,724 Net casli flows fmm oper&ting a¢livilies Cash flows fyorn Inv¢stlng Acllyllles IntGrc5t reLeivabl¢ amd siinila¥ incomc Puichasc of iiivcsinieiils Sale of inve8lincnls T￿Oine fi'om dividends 1,117051 3 123,926 10,314 (67,312) I,iKJ5,408 5,684 (221,002) 2,092,039 N¢t cash flow8 frorn investing activities Net dtcieaB¢ in cash and ¢ash equivalents Casl) and casli equivalcnis at l oc10b￿. Cash and cash cquivalgnts At 30 Seplembci. 1027,265 1972 280 (89,786) I OR3 820 (1,151.646) 2 235,465 994 034 1,083 819 All of Ihc cash flows are derived froni Continuin8 opeiTltons duTin8 the 8bovc tv￿ p￿iOds. The notes on pages 17 to 23 foim an inlcgrdl P￿rI of Ih¢se financial stai￿rents. Pagc 16 The Oglesby Charitable Trust Notes to the Finvdiictal Statsments for the Year Ended 30 September 2024 l Accountliig PDllcle5 Statement compllaiic¢ The fii)ancial sluleiiien18 have be¢n w4Mrcd in accordance wilh Ihe 5ewnd edilion of the Ch81'ititt& Sta(¢inw)t uf Recoiiiill¢ndcd Pi'actice issued in Oclobcr 2019. Ihe Financial Reporting Stan(tsrd applicable in th¢ United KiiiEdom and Republic of trelaod (FRS 102) the Ch&Yiti&8 Act 2011. Bll61s of prep2ratlDn Tkne Oglesby Chaiitabl¢ Trusl meels the definition of o public btA*fil entity undei. FRS I02. The aecouiits (rinancial slalemenls) liavc been prq)ai'ed uiider the historical cost coiivention with ileills recognised 4t cost or Iransaction value unleA8 oiherwl8¢ slated In the iElevant notc($) to IhesB accoun Golng concern Tlie Il1181ees coiisider Ih&i IlieiE Bre no ma￿la1 uncertainliu aboul Ilig ¢liarit￿S ability lo ¢oiilinue 05 a going conctti'n. In¢oine Volui)Ip4ry income including donalions, gtfis, legacies and grants Iliat provide core fvnding OT of a general nature is i'eco8nised wl)en Ili¢ ehthi'ity has ¢nliilenienl 10 the income, il is probable Ihol Ihe income will b¢ recclved and the &inount can be niehsured willi 8UtTicient reliabiliiy. Wli¢re $41'vices oi. facilities are provided to the ¢harity as a donation lI￿t would nornially be purclia8ed froill oiir siipplieys, tliis benefit is incliided in the financial slal¢meAilg at its fair value unless ilÉ fail. Yaluc connot be rellliably iiieasiired, then al tlie c08t to th¢ donor or Ihe Yesale valuc of 8ood8 Ihal are lo be sold. Intcrest on funds held on deposit ig iiicluded ivhen receivable and (lie &niouni cali be measured Jtliably by Ilie charity. IIIIS 18 normally upoii notification of Uie inlerest paid or pLyAblc by the bank. Dividends 4r¢ recognised unce Ili¢ divide1￿ b¢cii deC]￿'¢d and nulificalioi) lias been re¢eived of the dividend due. Expeiidlture All expendithiir is recognised once Iliere ts a le8al or constnictive obligation lo Ihal expciidituit, it is pi'ob&blc seiileDieiit is i'equired and the aniount c4n be M￿sUred reliably. All ¢osls aiB 8llocHted to Ilie &pplicAble xpeiiditure he&diiig Ilmt aggrcgJl¢ similar cosls lo thal c*iegory. Wh¢re C￿￿15 cannot be direcLly alts'ibuled lo paili¢ular headiiig$ they bave been Allocated on b basis consistent with lkne use ofresources. Cliarilable expenditure coi)Iprises tIM>se ¢osts In￿lYIcd by Ihe charily in tlie delivery of ils 8ciivitics and sei'viceB for its bcnefic1ai.i￿, Ii inrludcs both costs. tliat Lan be allocated directly lo Such 8clivities and tliose cosi8 of an indirect naiuro n¢cessary lo supporl tl)em. Grants payable Are charged in Ibe ye￿. wlicii the offcr is made except in those ca￿8 wliere tlie offer 18 conditional, sucli gi?Iits being r￿08￿?￿ed as expetmlifvrc when th¢ conditions attacliing are fulfilled. Grai)ts offei'ed subject trj conditions wl)icJi have not beeii mc¢ at tlie year ￿}d are noted as a a commitment, but nol a￿lued Ds expenditure. Page 17 The Oglesby Charltable Trust Notes to tlie Flnancial Statements for tlie Year Ended 30 September 2024 (continued) iPlxed osset Investmeiiti Fixed a￿ttl investilienls, oilier Ilian programine rclaled inveslmenis, are iiiclud¢d 41 nmrkei v&lue at the bhl&nce $he¢t dal¢, Realisgd gains and losses oil inveslments al'e calculated as the diffei'ence between sales pioceeds and lI￿1r tnai'ket valiic at Ilie sl#rt of Eh¢ year, oi. their subscqiRnl cos4 and air chai8¢d or crcdilcd lo thc Staleincnt of FinAn¢ial Aclivitics in the period of disposal. Unr¢alised g81115 gnd losses repiesenl the m0Ven￿nI in markel values during th¢ ye&r ai)d ore credited or chai'gcd lo th¢ Sialemenl of Fin&ncial AcliviilLs bascd on t1￿ niarkeL value al the year end. Penslons And other post rets.rf ment obllgatlong Th¥ clilliity operates u dofined contribution pension sclieii)¢ wliich is a pei)sion plan under wl)icli fixed coiili'ibulions air paid into 8 pellsion fund &nd (he cliarily l)as Tho legal or consliuctive obligalion lo pay furthei. coiilribuÉioii% even if tlic fund does not hold siiificieiil a8seL8 lo pay all eniijloyees Il)c FKnefits reltting lo crnployee seivice in Ihc curr¢nt and prior p¢riods. Coiilributiolls lo defined ￿lI￿]bUtiOn plwis Drc r¢coguis¢d in the State[n￿lI of Finaiiciol Activities whai tliey are due. If contribution paynicn15 exceed11)e contsibulion duc for service, thc cxc&8s is r¢¢o8nised a8 a piepaynient, 2 Income fyoni donatiomi Total 2024 Total 2023 Gift Aid Doii#ied servic¢s Don&lion$ 433,839 24,000 1735 354 19,200 2,193 193 3 Investment Incorne Tot&1 2024 TDIAI 2023 Divideiid ii)comc Interest received 78,855 10.314 95..559 5,684 101243 4 ot11￿. Income Tot41 2024 Total 2023 OilieJ' incom¢ 500 Page 18 The Oglesby Charitable Trust Iyotes to the Financtal Statements for the Year Ended 30 September 2024 (contlnued) S Expendlture on chAI'ltpble 8ctivitie¥ Totol 2024 Total 2023 Note Grllnt ￿ndIng of Aciivilies Gov¢mance cos13 Staff costs Chai'itable activities 3,079,4J9 45,616 86,538 35,094 3 246.687 2,947.671 99.604 126,424 3 173 699 6 L15t (bf Ki'ai)ts 2024 2023 Name ot liislltutlonlgraht Afroc&ts Calm Conncclions GrAnt descrfpilon Core fjjnding Corc fuiiding North Wesl Offic£ Continualion Bursary Funding Core funding: environimenlal uctivity Cort OJndin8lGreen GTant Charles Ha116 Award rwidinglHallé Youth Orclicstr Supporlinsl Arlists & Ilie culiur#l seelor in Grcal¢r Manchestei, Core Supporl: Arts foi. Social Clwige Core ￿ndIng Core ￿ndIng Brc85t Jm88iDg Cenlre Core fviidiDg Coiilribulioii lo CBO salary UK NFFN Busin¢ss Maiiagei. ¢xlended Core funding: Growiiig Oppoilunities lor All Ao Oldliam Cowe funding CO￿ funding: Shmriiig Stories Core supportr. t￿rTh to Play Core fundin8 CoiB ￿nding PAge 19 35.000 35,354 Ccntrc for Social Ji￿tICe Foundation Choihdin's School of Musi¢ 52,5 35,637 50,000 City of Trees GMLAU 295.000 50,361 295,000 Ha116 Concerts Society 46,360 HOME 77,500 50,000 Lowry M&Bgi¢'5 Man¢liestei' Arl Gallery Manchcster Foundation Tiw81 Maiicliester Jewith Miis¢um Miislard Trec 50.0 50,000 61,115 50,000 40,000 40,000 50,000 61,115 50,000 40,000 60.000 Natiiie Friendly Fanning Nctwork 35,318 Noi'iliertt Roots Our Rooni 55,000 49.694 49,694 Oct&goAI Tliealre OlyinpIas Mu8ic Found&lioo Refugiee Acliun R¢solve Poverty 35,000 46.841 ss,000 40,050 37,369 38,884 The Oglesby Charltable Trust Notes to the Flnancl31 Statements foi. the Year Ended 30 September 2024 (contlnued) 2024 2023 Naine of Iiistltullonlgi'anl Gwant descrlption Woodland regencralion 2019-2023 COIT futtding Lnijovalive F8rmoT Core fundiftg: inipact of poverty on liealil) Core fiinding RHS Bi'idgewaler Royal Excliaiige Theattr Soil Association 35,000 197,000 50,OOD 70,000 112,50 50.OUO Shai'ed Healili Found&tion CIC Trxffoid CaiErs' CentiE iiversity of Liveipool 408,475 40,000 115,DOO 350,000 40,000 86,250 CMML Leukcmia Res¢e4r¢h Pmj¢cl FASD research The Leigh and Alherton Zonc for Childreji Snliihills Mt)orland ImpTovemcnts Core funding: LEAD+ Univer8ily of ManGh¢sr¢r Unive¥sity of Salford 270,000 50,000 165,000 50,(NJO Wesl Londoii 55,000 Woodland Trust Yoiin8 Manchester Ollier gi7ttts lo inslittitions 52,500 35,000 535 734 1241859 3,079,439 2,947,671 Gixnts over £35,000 are analysed above. All other ￿￿1118 ar¢ slk)wii in othcr. 7 Anftty81s of govei'mabiee Ind support cosls Govcyjixnte Costs Tot81 2024 Tolal 2023 Indepeiid¢nl Examiner's remuneration Audit of Ili¢ fiii81)¢ial slalements Pi'of¢ssional fees 2,000 4,(K)O 41,616 45,616 97,604 99,604 X I'rustees remuii#rAIIull And expenses No li'usteeb., hor any persons conDe¢t¢d with thens hav¢ i'cceived any r¢DiunwBlion fLKsni the cliaiity dii]Ing Ilie Page 20 Tbe Oglesby Chai'itable Trust Notes to the Finsiicial Statements foi. tlie Year Ended 30 September 2024 (contlnued) 9 StHff eo81s The aggrogalc payroll costs wer¢ as follows: 2024 2023 Staff co.lty durlng the year were: Wages and salaries Soclal 8ecurity costs Pensioi) costs 74.737 8,197 3.604 110,227 11,9()8 126,424 Tlie InoThthly oveiAge numbei. of person8 enwloyed by thc charity during the year was as follows: 1024 2023 Employees 10 T4xJtin The cliarily is a rcgiiltsred Cl￿¥[ty atd is IlicKforc exempt from taxalion. 11 Flxed M88et Investments Llsted seeuyllles Tolaj Marliet VRlue Ai l Ociobey 2023 Revoluation AdditlOlY8 Disposals 6,142,355 607.471 67,312 1005 408 6.142,355 607,471 67,312 1,005,408 AI 30 Seplenibei. 2024 5811730 5811730 All Ili& fix¢d f4S5el inva%lmenly are lield in tlie Unit¢d Kin¥dom. 12 Debt￿7 2024 Z023 Ac¢rued Income 13 Credltors: amounts falllng due wlthin olle yeai- 2024 2023 13,902 PHge2l The Oglesby Charit2bKe Trust Notes to the Fiiiaiiclal Stxtements for the Year Elided 30 September 2024 (contlnued) 14 Funds Bal9￿Ce 41 30 Septejnbei. 2024 BAlance at i Octobei. 2023 Otber re¢ognlicd gglnsl(losJeg) Resources expended resoui'ees Unresti4cted lund8 Oeiieval 7,211 3.246,687 607,472 6855031 BalAnce At 30 Septembty 2023 Balaiice &¢ I Otlober 2022 OÉliei' Resouvtts I'eeo%nlsed expended gain$l(108ses) Inconilng resources Ulli'e8ti'lcted GoTieral 10063 726 3 173699 200 914 7211384 IS Aik#lysls of n¢t otstts be¢iveeii fbndi Unrestrleted funds G¢i)eral Total funds 8t 30 Sey(ember 2024 Fixed asset I￿V￿MentS CiiriEnl asscts Ciiryent liabiliti¢s 5,811,730 1,057,203 13,902 5,811,730 1,057,20.1 Tolv41 n¢t ass¢l8 6,855 031 6,855 031 Unreslrlcted funds Geiieral Tot￿1 funds at 30 September 2023 Fixed &sset invuliiienl8 Cui'renl assets Ciiiient lihbilities 6,142,355 ,083.820 6,142,355 1,083,820 14,791 Total iiet ass¢ts 7211384 7,211384 Pag¢ 22 The Oglesby Charitable Trust Notes to the Flnaiiclal Statements for the Year Ended 30 Septembei. 2024 (contlnued) 16 Rel&tEd pai'ty tr4nsacilon During Ihc yeay gran1$ tulalling £270,000 (202J: £165,000) were paid to Ihe Uom 02.. CMML Leuk¢inia Reseairh Pi'oj