Charity registration nutllber.. 1026669 Oglesby Charitable Trust Annu81 Report And Finan¢iAI Statemenis for the Year Ended 30 September 2ff25 KM Chartered Accountants 1st Floor, Bl¢Kk C The Wharf Manchester Road Bumley Lan¢ashire BBII IJG
Oglesby Charitable Trust Contents Reference and Adtninistrative Details TnLStees' Report 2to6 Statement of ResponsibÉlities lrtdependent Auditors, Report 8tolO Statement of Financial Activities Balance Sheet 12 Cash Flow Stat¢Enent 13 N(Aes to the Financial Statements 14to20
Oglesby Charitable Trust Reference and Administratlve Details Tru5tee5 Christopher Oglesby Jane Oglesby Kathryn Graham 1026669 Charlty Reglstrgtlon Number Prlnclpal Office Union Albert Squsre Manchester M2 6LW Audltor Chartered Accoiintants 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BBII IJG Solltltor8 Addleshaw Goddard One St Peter 5 Soiiare Manchester M2 3AB Banker5 and Investment managers Artorius ITJYestmenl Managers 2nd Floor, The Boardwalk 21 Little Peter Street Manchester M154PS Barclays Private Bank Level 27 I Churchill Place London E14 5HP Raihbone Investment Management Port of Liverpool Biiilding Bnmswick Street Live001 L3 INW Page I
Oglesby Charitable Trust Trustees, Report The trustees PTesent the annual r¢poff iogether with the finon¢ial statements and allditors, report of the charity for the year ended 30 Septeniber 2025. l. Background to the Oglesby Charitable Trust The Oglesby Ch8ritabl¢ Tnjsl {OCT) was fornied in 1993 by Miehael and Jean Oglesby. The Charity was created in r¢$ponse to the observation5 and experience5 of the Ogl¢sby faTE)ily in creating and growng the suc¢essfvl Man¢h¢st¢r-based property company Bruntwood, hnd engaging with the people and communities in the places in which the business pui down roots. A cojnbination of personal and corporate philanthropy has provided for die Trust's funding base sinc¢ its Outset, both of whi¢h d¢rived froin the success of the business. The ocr and Brllntwood have continued to work in parallel, and collaboratively. to advocate for plae¢s and ommiinities. Whilst Ilie reach of the business has extended beyond the North West in recent years, this region remains ¢he primary focus for the Trust. The Trust Jnakes grants of £2Jn - £3.5m per year, as well as offering 'Fundirtg Plus.: a range of non-financial resources, tailor¢d to granthold¢rs' needs. The Trust seeks to add valiie lo financial ¢on)mitments where possible, by Connecting grantholdcrs witli rclcyant other non-profit and Commercial orgallisations, service ptrJviders or policy makers from &¢ross its networks. The Trust views its role as ally and collaborator, as well as fi]nder. 2. Overview of the year Last year's report was submitted one year after the death of the Trust's Chair, KAte Vokes. and her sort. Archie. in an accident in December 2023. This year's report is submitted following thc dcath of Kate'5 Illother. Jean Oglcsby, in August 2025. Jean was hugely Tespecied in the non-profit sector for her g¢nerous philanthropy, her passion for the arts and for people. aiid for the work ethic and sense of curiosity that kept her close lo the causes she loved, for so much of her life. She will perhaps be inosl wi(kly remembeted for her contribiitions ¢0 Ihe Royal Ex¢hange Theatre in Manchester and the Bruntwood Playwritlll8 Coiiipetilion, but She wa5 equally committed to ta¢kling the more hidden issues that can struggle to seciire 5llPPOrt. The OCT'S trilte to Jean Oglesby Can be found at Jhlt)s.'//o lesb charilablelrust.org,u_kla.tribiitc-to-zcan o Ic5b -1939-20251. The principlcs upon which she and Michael founded the Trust reniain central to its approach and vision and will always be interwoven and id¢lltifiable tliroughoul the Trust's a¢lLVIty. Jane Ogle5by served as Interim Chair froin MaTch 2024 and was Chen Appointed Chair of Tnte¢S at the fjrst Trnslee meeting of 2024125, ill December 2024. Members of the next generation of the Oglesby family have completed inlemships at the Trust during this year alld have be8un to contribute to some of i15 Work, wilh a view to deq)ening their understanding of this aspect of their fainily's responsibilities. Although the TTUSI remains quorate with the ¢UTrent nuiknber of Trnstees, there is an awareness that the Trustee Board would benefit from additiollal meinbers in the fi]ture. The goul would be to diversify the range of insights and experience within the group, and to assist in managing deci5l0ll-making and authorisation. This is an Active area of discussion for TnleeS and will continue into 25126. Throughout 2024125, m4ny of the communities we work alongside in the North of England saw rther waves of volatility continue to iinpa¢t iheir work. The impact of global geopolitical unrest Continue5 to be felt here in the North West of England.. most acutely perhaps, as a rise in the number of displaced people arriving in our cities, a¢¢ompanied by shocking, sustained incidents of far right riots and attacks on hotels housing people in the a5yluin system. Economic. cliinate and social st8bility have been fiirther undemiined by unhelpfiil narratives di&scminated frotn the US, and dornestically. At the grass roots more generally, Ih¢re is a sense of a ¢ontinued pressure to nieet increased need rising largely from the rising living costs, Coupled for soine with the consequences of welfare reforms. Page 2
Oglesby Charitable Trust Trustees, Report (continued) One succe55ful developinent thi5 year ha5 been the adoption by the UK governinent of the recoininendation5 laid out by the APPG for Household5 Ln Temporary Accommodation's SAFE campaign (h s.'Ilhouseholdsin temporaryaecomtnodalion:co.uk!safe-protocoll), initiated by the Shared Health Foundation. Amongst other measures, this includes a ¢omJnilnient to a notifi¢atlOD System for GPS and schools when a family is placed in Ten)porary Accommodation, raistng awareness of Ihe potential need for additional siipport. This APPG came itjto exislen¢e due lo the work of th¢ Shartd Health Foundation and has gained ¢ross-party a¢lion on the mortality rate5 of infan¢5 placed in teinporary accolnmodatioii. It ha5 widelled its scope, with SL8nificant siiccess. to raise awarenes5 of the broadcr is511es facing honielcss fainilics. This is one of seY¢ral exainples of curr¢nt projects that have achieved their goals or become ¢or¢ to an organisation's rnission in a sust8in8ble way. We work with such organisfitions to Agree how the relationship with the Trust should evolve once this point is rea¢hed. Whilst the Trust's strategy, as laid out in ils Puose Frain¢work, remains unchanged this y¢ar, the Tnist has intensified ils focus on ¢oJnmunity cohesion- SpOnding to the endeini¢ ra¢isn) aod anti-semitisni that has been exposed in parts of oyr diverse and mulli¢ulhiral region. We are learning about which organisations are already working intentioiially on thi5 15siie, which approaches are proving effective, and what Jnorc can bc done to heal frach]red commut]ities. We are now viewing all applications throiigh th¢ l¢ns of strengthening community cohesion, exploring opportunities to integrat¢ this into 8 range of work, across se¢tors. This intention has been solidified through the addition of a question abolit cohesion on the Tnist's application fomi, which facililales dis¢ussion on this topic with organisations who Inight not see their work in this light, or see the px)telltial of this. It has been good to see increasing research in this area being undertaken and disseminated. and the Tn15t is aclivcly Sharing this through its newsletter. Whilst there has been considerable, justified ¢on¢em in the non-profit se¢tor abotst furtding b(>dies ¢losing and there being a sense of less Iiioney bein8 available generally this year, thcre have a150 bcen signs ihat some tmlers are working diffcrently, rather than closing.. funding different isslles or types of organi8alion, or inaking different sized grants to different sized organisations. Whitsi some decided to spend down (Lgnkellychase Foundation) others closed temporarily, for the purpose of strategic reviews, and therefore have begun lo open again le.g. TiidorTrust). Difyerent kinds of fundratsing and awareness raising are glowing- parti¢ularly online- and several infrastni¢tLire organisations have shaTed reSrChed propositions about how to drive inore philanthropy in the UK. The OCT is aware of the liinitatlO115 of its own ndillg and non-fJll2ncial resources, but remains optiniislic about what can be achieved through creativity and collaboration. 3. Giving overview 3.1 GrdntL)vaking'. policy The Tnist coniinues to focus funds and other support to charitable organitiOnS that are active in Greater Manchester and the North of England and that align with our PiiTptsse frainework (htt 5 1loLle5bycharitabletr115t rk1-¢On&I ll_tliiploads12Q.261011BW3542-0_cr-Pwose-Framework-v5..p41.f). Our Objects are to apply the income and any capital of the Trust's fiind5 for charitable purpose5. as agreed and decided by the Trustees, by making donations to ¢haritable activities that fire aligned with the Trnstee.%' values and interests. We gre an invile-only fiinder, seeking out gclivity through our neNorks and research that will deliver shated outcomes, inviting fonnal applications only once A relationship hAS been established. This redu¢es unprodu¢tive time that Inight be spent by organisations in Inaking iinsu¢¢essfvl appli¢ations, and it enables our stn&ll Trust teaill to manage workflow effe¢tively. We Continue to ¢onimil funds where they Can Inake a demon$lrable ¢harilable impact. We focus on activity abolit which we are pa$5ionate. have expertise, can add value, and where we perceive that there 15 OPPOrtunily for change. Our interpretation of the activity that f8115 into these categories 15 siimtnarised in our Purpose Framework on our website and this is to be reviewed by Twstees ¢v¢ry three years. The Charity had no fiindraisin8 actlVLtie5 and therefore no di5closure5 under S162A of the Charities Act 2011. Page 3
Oglesby Charitable Trust Trustees, Report (contlllued) 3.2 GrantnukitLg.' activity The Trust ii)ad¢ grAnts of £2.4m in 2024125, a decrease on the previous year (£3.] I). Thi5 reduction wa5 due to two main factor5.' 50nie large multi-year grants coming to an end and not being r¢pla¢¢d', plv8 identifJ¢d need to manage expenditure to avoid eroding Trust reserves during a temporary pai¢ in additional income. We welcoined the same nuinber of new gratjtholders as in the previous year and saw a slighi in¢reAse tn the proportion of CO and reslri¢ted ll1ng types. As in past years. we have conducted some analysis on our giving patterns and this is shared on our website. Thi5 analysis did not reveal a lot of change, or new infomialion, bill it did confinn that our funditlg ha5 not reached environmental charities a5 Sl8nifJcantly as we had expected, althoilgh funding on Social Inequalities work increased substantially. These and other fjndings have infomied some adjustment to the focus in the coming year. Pmgress against other initiatives that were underway in 23124 in¢liide.' Iinpa¢t Leaders. Circles Ihl_tp.s.'/lwww.ri5eb¢yond.or&lin)pact-leaders-circle5). This fvnded collaboration continues to develop peer SLipport and personal developinent opportunitie5 for leader5 in Maiichester's VCFSE sector. The programme has now established two Circles and 15 set to grow in the coming year. becoming self-sustaining. A fully funded collaboration with a local youth charity (hS 11 oungmanchester.orgl.), and a leadership and d¢velopinent wach completed its penultiimate year thi5 year. A further cohort of eight leaders have 'gTadiiated' this year, and a fiill evaluatLOti 15 forthcoming. The Fiinding Plus programme Continiies to develop* wjlh contribiitions froln Brnntwood to deliver support relatin¥ to ¢liniate ¢hange mitigaiion projects. Inarkeling and proniolion of non-profit opportuiiities, and re¢ruilnienl, plus further support ha5 been PTovid¢d to n)axiiiii5e lillks within the 8rantholder network. The iinpact of the Fundraising Clinics and feedba¢k from the charities involved- have been Teviewed, and as a result, these are being taken forward into 2025126 with Trustee approval. The impact of the wellbeing gratlts that were initiated in 2022 ha5 also bcen rcvicwed this year and approved for continuation intg 2025126 by Twst¢es. More information about the evaluation and learning can be found at https.'//ou)lesby¢harilabletnist.org.uklieaming-from-Ihe-wellbeing-rt(-pljOt-projeCt-0¢1ober-2_o?3- s¢pten!ber-20251. A collaborativ¢ project to improve the availabiliiy and accessibilily of English classes for speakers of other langiiages {ESOL) in Manchester has been further developed during thi5 year. It is hoped that a suitable charity partner will be foiind and delivery can begirt in the coming year. 4. Flnanclal man#g¥mtnt As val, we have continued to monitor oiir five year plan. to ensiire all conlltjiiments ar¢ honoiired, and that long terin spending projections can be achieved lor adjusted if necessary). We received £717,904 in philanihropi¢ donations. which benefited from £179,476 in Gift Aid. A fi]rther £1.27m was drawn down frorn reserves. This contiiiue5 the pr¢viou5 year's approach to financin8 charitable cominilnients, reflecting the volalilc n8ttire of the Cunt economic climèle 8nd its impact on Trust income. Trnstees are ¢ons¢ioiis that this approach is also possible due to the pwdent decision-making early on in th¢ TTUSt's history. which allowed sufficient resetves to be built up to maintain c(bntinuity when reqiiired. Expenditure has ex¢eeded income for several years, for the Ttasons summarised Above. li had been hopcd that pressure on ndS would ease diiring this year. but looking ahead. Tnistees have agrc¢d to tnainlain a giving tltreshold of aroiind £2m £2.3m, Colnpar with £2.5m per year, subjecl to inarkel conditions for the foreseeable fiiture. This has resulted in disappointment for some organisations, including those with whom th¢ Trust has held long term relationships, bLIt it Is cfLLeial that thc Trnst teain works within budget, and as transparently as possible with applicants and granthold¢rs. Page 4
Oglesby Charfitable Trust Trustees, Report (continued) S. Management governance 5.1 People Changes During this year the Tnist has comprised.. Jane Oglesby (Jnteriiii Chair, be¢oii)ing Chair), Kathryn Graham, and Chris Oglesby ITwsle¢s). As reported above, the family and the wider Trust teain were deeply s8ddened to lose Jean Oglesby. who died in August 2025. Trust Manager (Loiiise Magill) works ttlongside Osinan Mohamed (Trll5t Coordinator). Jacqui Burges5 rejnains Fi[nCe Mallager, Seconded from partner coinpany. Brulltwood. The OCT team is also supported by ¢oll¢agues from Bwntwood's People, Poli¢i¢s, Payroll, ESG, Re¢nLilment, Swial In)pact, and Development teams, ainotjgst others. 5.2 Governance Other than the changes refed to above, there have been no changes in governance this year. Fonn81 Trustee meetings and finance 5ub-groiip meetings continue to be h¢ld four linies a year. The Chair and Trnst Manager meet every two w¢eks for decision-making, discussion, or for siralegic planning. Key conclusions and a¢iion points from these Jneelings are ¢ir¢ulaled to Kathryn Graham, for auihorisation. The Tnisl t¢ain in¢¢L% weekly. As detailed elsewhere, consideration is being given to the futtlTe govemance of the Trust this discussion will progres5 in the coilling months. 5.3 Risk managnent The Twstees ¢on8ider the major risks to which the Charity 1$ exposed. Financial risk is fo81]Y ¢on$idered at the Finan¢e Sub-groLlP meetings, and all other risks are raised as they become known. escalated as appiopTiate and in line with our Risk Management policy, and recorded on the risk re8LSter, which is circulated at each Tn]stee Board ineeting. Risks identified during the year relate to potential skills, experience aTKi diversity gap5 Wlthin the Trustee Board, and this is under discussion. Although there are no significant strategie ch8nges expected, the Trust's Purpose FraJn¢work and goals are due for review in the coming year lo ¢nsur¢ r¢l¢van¢e and avoid any risk of slagnaii¢)n oi nJi$ston drift. Spe¢ifi¢ poli¢ie$ have also be¢n identified for r¢view during the year. 5.4 Res¢rves The Trn5tees aim to maintain free reserves in unrestricted funds at a level that Meet$ the organisation's fJv¢ ye8r funding coniinitm¢nls. This would enable Currently funded a¢livilies to be ¢oinpleted or wound down, should income drop significantly atjd for sojne lime. This is foniially reviewed at ea¢h quarterly fJnanc¢ m¢¢ling and as previously this year. Tnislees have remained coinfortable that the reserves cover all eventualities. Reserves were eroded by £1.3m during this year, with total res¢rves al year end standing at £5.6m. Total giving decreased slightly this year eompaTed with last year in light of this, and is expected to ren)ait) around the current level for the coming years. The 08lesby Charitable TTUSt is a Inediiim-sized funder. well-known in the rcgion, and Trustees are ¢oJnmitted to ensiiring its Contribiition is maint8ined into the long tenn. 5.5 Investments The Charity AllS to generate a return on investment at leist equal to inflation to inairttain ihe real value of the fimd5 invested. We are again satisfied wath investment rettirns. which remain con515tent with the cUt market. Under the Tn]st Deed, the Tnislees have unrestricted powers to invest in stocks and shares, property or other investments as they in their obsolute dis¢relion think flt. Trustees are pleased to report that the social housing impa¢t investment commiiied to in 2021122 has this year exceeded financial expectations with distsibutions of £25.6k to add to the Charity fund. as well as so¢ial housing goals for vulnerable people. Page 5
Oglesby Charitable Trust Trustees, Report (contfinued) 6. Publle benefit $t8tem¢nt The Trustees have ¢onsidered the piiblic benefit 8uidance published by thc Charity Commission and consider thllt they have complied with the 8uidan¢e by siipporling only activities recognised as charitable under English Law. 7. Fln&nclal Summary The Charity ineets lis day-to-day requirements through cash it hold5 With its bank, which is monitored clos¢ly. As di5CU5sed elsewhere, charity forecasts and projections ore reviewed regularly by the Finance Sub-Group and we continue to adopt the going concern basis in preparing our fin3n¢ial stsi¢in¢nts. The charity has made grallts of £2.354,685 in this financial year (2023124.. £3,079,439). Since the Tnt was forined in 1993, over £37 inillion has been donated. The ieserves of the Charity now stand at £5.6m compared with £6.9m at the beginning of the year, a reduction of £1,263.902. As di$¢uss¢d elsewhere, this position ¢ontiniies to be CArefiilly inanaged 10 provide both the flexibility to respond io the broader e¢onort)ic climate at the 5aine tiiiie as considerin8 the operational tiMefraitS of our funding partner, the BrLitLtwood Groiip. As iisual, we started and ended the financial year with substantial forward con]mit]nents from the previoL15 year. diie lo n)ulti-year pledges, whi¢h are increasingly a cominotl feature of our grant-rnaki118. The pledges at year end13010912025). Tne of which are contractually binding. and all of which are siibject to pcrfonnance criteria, total approximately £2.4m million over the next fivc years (202516-2029130}. Reseryes Cover these commitments appropriately. The annual reportwas approv¢d by the tnjstees of the charity on 29 July 2026 and signed on its behalf by. Jane Ogles Tn¢¢¢ Page 6
Oglesby Charitable Trust Statement of Responsibilities The tr115tees are Tesponstble foT preparing the twstees, report And the financial statements in accordance with the United Kingdoin Accounting Standards (Uiiiled Kingdoin Generally Accepted Accounting Practice) and 8ppli¢abl¢ law and regulations. The TnteeS have ¢onsideTed the piiblic benefit guidance pllblished by the Charity Commissiott and consider that they have coihplied with thc guidance by supporting only a¢tivities recognised as charitable linder English The law appli¢*ble to ¢hari¢ie5 requires the trustees to prepare financial statements for each flnancial year whi¢h give a tn and fair view of the State of affairs of the charity and of the in¢oining r¢sour¢es and appli¢ation of resourees of the charity for that period. In preparing these financial statements, lh¢ tNsiees are required to.. s¢lect suit8bl¢ a¢countin8 policies and then apply ihem consistentlyy observe the method5 and principle5 in the Chariti¢s SORP; make jiidgem¢nts and estiinales that are reasonable and pnidellt. state whether applicable accounting standards have been followed subject io any material departure5 disclosed and explained in the financial sta¢¢tn¢nts,' and prepare th¢ financial statements on the goit)8 concern basis unle58 it IS it)appropri8te to presiime that the charity will ¢onlinLie in busirtess. The Inislees are res]x)nsible for keeping proper ac¢oiirtting reeords that disclose with reasonable acctiTrcy al any tiine the fJnan¢ial position of the Charity and enable thein to ensure that the fitiancial statements comply with the Charities Act 2011, the ChaTtties (Accounts and Rcportsl Rcgulations 2008, and the provisions of the constitution. The tNstees are also responsible for saf¢guardit)g the assets of the charity and hence for iaking reaso]Vdble steps for the prevention and det¢ction of fraud and other irregulurities. During Quarter 4, the Trust reviewed and approved it5 full suite of policies and has collaborated with Brnntwood lo create and maintain a new 11]onitoring framework. This ensure5 that policies Continue to be regularly updated. with professional input. on a rolling cycle bcginnit]g in September 2026, with earlier reviews in line with legislative changes or go(Ki practic¢ guidance. li s0 ensures thai only ihe most recently ainetjded policies are available for reference. The trustees are Tesponsible for the inaintcnance and integnty of the corp)rate and financial infomiation included on The ¢hariiAble company'5 website. Legislation governing the preparation and disseminAtion of financial Slateinellts may differ from legislation in other jurisdi¢tions. Ap by th¢ tnistees of the charity on 29 July 2026 and signed ort its behalf by.. Jane Oglesby Trnstee Page 7
Oglesby Charitable Trust Independent Auditor's Report to the Trustees of Oglesby Charitable Trust Oplnlo We have audited the financial statements of Oglesby Charitable Trust (the 'charity') for the year ended 30 Septeinber 2025, which compris¢ the Staiejnent of Financial Activities, B81ance Sheet, Cash Flow Statcment, and Notes to the Financial Siateiiieiits, iiicluding a swnm2ry of sig¢Jifi¢ani accounting policies. The financial reporting fvaiiiework that ha5 been applied in their preparation 15 United Kingdoin Accounting Standards, comptising Ch&ritie5 SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland, and applicable law (United Kingdom Geneially Aecq)ted Accounting Practice). In our opinion the financial stateJnents= give tt true and fair view of the state of the charity's affairs a5 at 30 September 2025 and of its InmIng resources and appli¢ation of resources, incliiding it5 incoine and expenditure, for the year then ended. have been properly prepared in accordance with Utjiled Kingdom Generally Accepted Accoiinling Pra¢lice; and hav¢ been prepared in accordance wilh the requirement$ ofthe Charities A¢1 2011. Basls for oplnlon We condii¢ted our audit in accordance with International Standards on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibilities uiider those standards are further described in the #iiditor responsibilities for the audit of the fin&ncial statements Section of our report. We are independent of the charity in accordance with the cthical requirements that are relevant lo oiir audit of the financial 5tateinents it] the UK. including the FRC'S Ethical Staiidard, Bnd we have fiilfilled our other ethical Te5P0115ibilitj¢5 in aceordance with these reqiiirements. We bclieve that th¢ 8udit evidence we have obtained is 511ffieient and appn)priale to provide a basi5 for our opinion. Conelu5ion5 rel8ting to golng concern Jn auditing the fjnancial siaiement& we have concluded that the trustees use of the going concern basis of accoiinting in the preparation of the finan¢ial stut¢m¢nts is appropriate. Based on the work we have perforn)ed, we have not ideiitifled aiiy material iincertainties relating to event5 or conditions that, individually or ¢ollectively* niRy cast significant doEibt on the ¢harity's ability to continue a5 a going concern for a period of at least twelve InoE]ths froin when th¢ original finan¢ial ststemtnts were authorised for issue. Our responsibilities and the responsibilities of the Ilst¢eS with respect to going ¢on¢ern are described in the relevant sections of this report. Oth¢r Information The Itustee% are responsible for the other inforniation. The other infonnation Comprises the inforjnation includ¢d in the annual repoTt, other than ilie flnancial state2iients and our auditor's report thereon. Oiir opinioii on the financial slaieitjents does not covcr the other inforn)ation and, except to the extent otherwise explicitly slated in our report. we do not express any fonn of assurance con¢lusion theon. In conne¢¢ion with our niidil of the financial statements, our responsibility is to read the other inforjnation and, in doing so, Consider whether the other inforination is Jnalerially in¢onsislertt with the financial Statements or our knowledge obtained Ell the audit or otherwise appears to be Inalerially ihis5tated. If we identify such Jnaterial inconsisten¢ie5 or apparent material rnisstatemenls, we are requiT¢d to determine whether there is a material rnisslatement in the finan¢ial slalements or a material nii5Statement of th¢ other infomiation. If, based on the work we have performed, we conclude that there is a mal¢rial misstatement of Ihis other infont)ation. we are required to rrport that fa¢t. We have nothing to port in this regard. Pa8e 8
Oglesby Charitable Trust Independent Auditor's Report to the Trustees of Oglesby Charitable Trust (continued) Matters on iyhlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters where the Chariti¢s A¢t 2011 requires us to report to you if, in our opini¢)n'. the infomiation given in the finajjcial statements is inconsistent in any it)aterial respect with the tn]stees' suffJci¢nt 8¢¢0unting records have not been kept., or the financial statements are ngt in awement with the accounting ttcords- or we have not received all the infomlation and explanations we require for our audit. Responsibllltle5 of trustees As explained Jnore thlly in the Tnistee5 Report, the tnL5tees are responsible for the preparation of ihe financial staleinents and for being satisfied that they give a true and fair view, and for sii¢h internal control as the trusle¢s detemjine is necessary to enable the preparation of financial stAtemertts thAt are free from Material inisstatement, whether due to fraud or error. In preparing the finan¢i81 slatenient4 the trustees are responsible for assessing the charity's ability to eontinue as a going concern. dise105in& a5 applicable, matters related lo going concern and using Ilie going concern basis of accounting unles5 the tTristees either intend lo liqiiidate ihe charity or to cell5e operations, or have no realisti¢ alternative but to do so. Auditor re5ponslbilltles for the audlt of the fiNarteial 5tatement5 Our objeciiyes are to obtain rcasonable assiiran¢¢ aboiil whether the fiTJancial 51atements as a WI1¢ are free from malcrial mi5Statement, whether to fraud or error. find to issue an aiiditor's rep)rl that in¢ludes our opinion. Reasot]abl¢ assurance is a high level of assurance, biit is not a guarantee that an &udit condiieted in a¢¢ordan¢e with ISAS IUK} will alway5 detect a material Inisstalement when it exists. Mi5Statements can Arise from fraud or error and aTe considered inaterial if, ijidividually or in ihe aggregate, they could reasonably be expe¢i¢d to influence the economic decisions of users taken OD the basis of these financial stateinenls. Irreglilarities, inclllding fraud, are instances of nort-compliance with laws and regulations. W¢ design procedure5 in line with our responsibilities, outlined above, to detect matcrial rnisslatejnents in respect of I¢gi1[ar]ties, incliiding fraud. The specific procedures for this ¢ngageinent and the extent to which these are capable of dele¢ting irregularities, including fraud is detailed below. Our approach to identifying and assessing the risks of material inis5tatement in respect of irregularitie5, includillg fraiid and non-compliance with laws and relIationS, was os follows.. the engageineiit partner ensiired that the engageinent teani collectively had the appropriate competence, capabilities and skills to identify or OgnISe non-coinpliance with applicable laws and r¢gulations' we identified the laws and regulations applicable lo the charity Ihroiigh discussions with tru$t¢¢s and other manageinent. and froin our knowledge and experience of (he charity sector- we focussed on specific laws and regulations which we con5idcrcd inay have a direct mateiial effect on the financial statements or the operations of the charity. incliiding the Charities Act 2011,. we assessed the extent of eoiMplian¢e with the laws and regiilations identified above through making enquiries of management and inspecting legal corre5pondence' and we identified laws and regLilation5 which were mMUnicated wiihin the audit team re1[#rIY and the team remained alert to in5tance5 of non-cojnpliance throughout the audit. We assessed the susceptibility of the charity5 fEnancial stat¢ments to material missthtement, in¢ludiTLg obtainill8 An understanding of how fraud might occur. by.. Page 9
Oglesby Charitable Trust Independent Auditor's Report to the Trustees of Oglesby Charitable Trust (contlnued) making etjquiries of Inanagement as lo where they considered there was susceptibility to fraud, their knowledge of ft¢tual, $ipeCted nnd alle8ed fraiid; and considering the internal controls in place io mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud thrfftigh management bias and override of controls, we-. perfonned analytical procedures OJJ Inalerial balance5 for which robust, substantive analyti¢al procedures have been imdertaken to identify any unusual or unexpe¢ted relationships,. tested journal entries to identify unusual transactions.. and invesligat¢d th¢ rationale behind significant or unusllal transactions. There aTe inherent limitations in our audit pro¢edLtres described abov¢. The niore removed that laws and re8iilations are from financial trftn5actions. the less likely it is that we would becoine aware of noncompliance. Auditing standards also liimit the Riidit proccdures req111d to identify non-coinpliance with laws and regulaiions to enquiry of the trnstees and other m8nagement and the inspection of regulatory and legal correspondence, if any. Material mÈsstateinents that ari$¢ due to fraud can b¢ harder to delect than those that arise from error as th¢y rnay involv¢ d¢liberate ¢on¢eAlinent or collusion. A rther description of our responsibilities for the audit of the financial 5tateinents is located on the Fiiiancial Reporting Council's website 8t- ww.frc.org.uklauditor5responsibilities. Thts description fornis part of our auditor'5 report. Use of our report This Teport is madc 501ely to the Charity tmstees, as a body, in accordance with se¢tion 144 of the Cliarilies Act 2011 and regulations inade under section 154 of that Act. Our aiidit work has been undertaken so that we inight State to the tru$l¢¢s ihose mailers we are rquired to st8te to tnre¢S in an aiidilors, report and for no other purpose. To the fiillest extent peTinilted by law, we do not ac¢ept or assume responsibility to anyone other than the charity and ils Inistees as a body, for our aiidit work, for ihis report, or for the opinions we hav¢ forjned. KM, Sthtutory Avditor 1st Fl¢x>r, Block C The Wharf Man¢hest¢r Road Burnley Lanca5hire BBII IJG 29 Jiily 2026 Page 10
Oglesby Charitable Trust Statement of Financial A¢tivities for the Year Ended 30 September 2025 Unrestriettd funds Total 2025 Total 2024 Note Income Irom: Donations Investsnenls Other incthne 916,580 93,707 2.260 916,580 93,707 2.260 2,193.193 89,169 500 Total income 1,012,547 1,012,547 2,282,862 Expendlture on: Charitable activities 2,536,960 2,536,960) 3,246,687) Tothl expenditure Net expendire Other recogn15ed galR5 losses Other gainsllosses (2,536,960) 2,536,960 3.246,687 (1.524.413) (1,524.413) (963.825) 260,511 260.511 607,472 Net moven)enl in funds {1,263,902) 11,263,902) {356,353) Reeoneillatltsn of funds Total funds brought forward 6,855,031 6,855,031 7.211,384 Total ndS Carried fotward 14 5,591,129 5,591,129 6,855,03 1 All of the charity's activities derive from contilliiing operations duriE)8 the above two periods. The funds breakdown for 2024 is shown in note 14. The llos on pages 14 to 20 forni an inte[ part of these financial statements. Pagell
Oglesby Charfitable Trust Oiegistration number: 1026669) Balance Sheet as at 30 September 2025 2025 2024 Note Flxed assets Inv¢stnients 10 4,825,098 5,811.730 Current a$5ets Debtors Cash at bank and in hand 63.169 994,034 772.831 772,831 1.057,203 Credltors: Amount$ fxlllng due wlthln one year 12 6,8001 13,902 Net currcnt 9S8ets 766,031 I,3,301 Net os$tt$ 5,591,129 6,855,031 Funds of the chgrlty: Unre5trieted incorne fund5 Unrestricted funds 5.591,129 6,855,031 Total fund5 14 5.591.129 6.855,031 The fjnancial statenients on pages I I to 20 were approved by th¢ twstees, and authorised for issu¢ on 29 July 2026 a d signed on their behalf by.. Jane Oglesby Trusie¢ Th¢ notes on pages 14 to 20 form an integral parl of thes¢ finaD¢ial slatem¢nts. Page 12
Oglesby Charitable Trust Cash Flow Statement for the Year Euded 30 September 2025 2025 2024 Note C¥sh llows from operatlng aetlvltles Net cash expenditure (1,263,902) (356.353) Adjustments to cash flow5 from non-ea5h items Inv¢stm¢tJt incoine Revaluation of iiivestment (93,707) 260,512 (89,169) 607,471 {1.618,1211 11,052,993) Worklng e8pltAI gdlu$tmcnts Decreasellincrease) in debtors Decrease in creditors 63,169 17,102 163,169) 8891 12 Net cash flows fron) operating activities {1,562,054) 11.117.051) C8sh floivs from investlng activitle$ llltere5t receivable and similar income Pllrchase ofinvestmenls Sale of investments Income from dividends 5,088 {2,873) 1,250,017 88,619 10,314 167,3 [21 1,005,408 78,855 10 Net cash flows fvom investing activities 1,340.851 1,027.265 Net decrease in cash and cash quivalents Cosh and Cash equivalents at l October (221,203) 994,034 {89,786) 1,083,820 Cath and sh equtval¢nts at 30 September 772.831 994.034 All of the cash flow5 are derived from continuing operations durin8 the aFK)ve two period& The notes on pages 14 to 20 forni an integral part of these finallcial staten)ents. Page 13
Oglesby Charitable Trust Notes to the Financial Statements for the Year Ended 30 September 2025 l Accounting polic1¢5 St8tem¢nt of ¢ompll¥nce The finallcial statements have be¢n prep8red in ac¢ordan¢e with the second edition of the Charitie5 Statement of Recomjnended Prdctice issued in October 2019, the Finan¢ial Reporting Stsndard Rpplicable in the United Kingdojn and Republic of Ir¢land IFRS 1021 and the Charitie5 Act 2011. Basls of preparatlon Oglesby Charitable Tnist meels the definition of a public benefit entity under FRS 102. The a¢¢ounts (financial stalemenlsl have been prepaTed under the historical cost convcnlion with items recognised 81 ¢OSt or transaction value unless otherwise stated in the levant notelsl to these accounts. Golllg concern The trustees Consider that there are no material un¢ertainties about the ch&rÉty'S ability to Continue a5 a going concern. Income Voluntary income including donations, gifts, legacies and grants that provide ¢OTe fuiiding or are of a general t)attirc is recogni%ed when the charity has enlillement to the in¢ome, it 15 probable that the illCOJlle will b¢ r¢ceiv¢d and the amount can be measured with sufficient reliability. Where services or facilities ar¢ provided to the Charity as a donation that would normally be piircha5ed from our suppliers, this benefjt is included in the financial statements at its fair value iinle5S Its fair v81ue ¢annot be realiably Ineasured, then at the ¢ost to the donor OT the rc581e value of goods that are to be sold. Jnterest on fiinds held on dep)sit is incliided when receivable and the ainount ean be measured reliably by the ¢haTity.' this 15 nonnally iipon notification of thc intcrcsl paid or payable by the bank. Dividends are rectsgni5ed once the dividertd has been declared and notification has been r¢¢¢iv¢d of the diilldend due. Expenditure All expenditure 15 recognised once there 15 a legal or constructive obligation lo that expendilure, it is probable settleinent is rcqiiired and the amount ¢an be meI8ured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar ¢osis to that ¢ategory. Where e05t5 cannot be directly attributed lo particular headings they have been allocated ort a basis consistent with the use of resour¢¢s. Charitable expendittire comprises those costs incurred by the cliarity in the delivery of its activities and services for its beneficiaries. It includes both costs that can bc Rllocatcd dir¢¢tly to siich activities and those Costs of an indirect natl¢ ncecssary to 5llPPOrt them. Grants payable are chaed in the year when the offer is made ¢x¢¢pt in thos¢ Cases where the offer 15 conditional, such grants being reeognised as expendittiJY when the Condations Attaching are fulfilled. Grants offered subject to conditions which have not b¢eo met at the year end are noted as & a commitment. but not accrued as expenditt)r¢. P#8e 14
Oglesby Charitable Trust Notes to the Financial Statements for the Year Ended 30 September 2025 (continued) Flxed asset Investments Fixed asset investmcnts, other than programme related investments, are incliided at Jnarket value at the balance sheet date. Realised gains and losses ¢)n inv¢stin¢nts aTr calculated 8S the dityerence between 581cs procccds and their Inarket value at the start of the year, or their subsequent cost, and are ¢harged or credited lo the Stateinent of Financial Activities in the period of disposal. Unrealised gains and 105se5 represent ihe inovement in market values during the year and are credited Or ch8rged to the Statement of Financial Activitie5 based on the market value at the year end. PeD$Sons And other post retlrem¢nt obllgatlons The cliarity operate5 a defined cotjtribiition pension scheme which i5 a pension plan under which fixed contributions are psid into a pension fund and the charity has no legal or constnjctive obligation to pay further contribiilions even if the fiind does not hold suffJ¢ient assets to pay all employees the benefits relating to employee seryice in the current and prior periods. Contribiitioiis to defitked contribution plans are recognised in the Siatement of FinancÈal Activities when they are due. If eojilribution paynient5 exceed the contribution due for servic4 the excess is reeo8nised as a prepaytnent. 2 Income from donations Totgl 2025 Total 2024 Gift Aid Don8t¢d seJvic¢s Donations 179,476 19,200 717,904 433,839 24.000 1,735,354 916.580 2.193,193 3 Investment iThcome Tot81 2025 Total 2024 Dividend income Inl¢rest received 88,619 5.088 78,855 10,314 89,169 93.707 4 Expendlture on £h&rltabl¢ gctlvitle5 Total 2025 Total 2024 Note Grant funding of a¢tiYities Governance costs Staff costs Charitsble activities 2.354,685 32,197 98,404 51,674 3.079.439 45,616 86,538 35,(194 2,536,960 3,246,687 Page 15
Oglesby Charitable Trust Notes to the FfinanclAI Statements for the YeAr Ended 30 S¢ptemb¢r 2025 (continued) S Llst of grants 2025 2024 NY4me of InstltutlonlgraTht Afrocats Allchild Blood Cancer UK Grant deserlptlon Core fundtng Core fvnding Core fiinding Core funding.. environmental activity Ctsre fvnding Core fundinglGreen Grant Charles Hallé Award fundinglHallé Youth Or¢hestra Core fiirtding Core Fundsn8 Core fiiniding- 5UStainability pro1¢ Core funding Core funding Core fimding Core fiind2ng UK NFFN Business Manager- extended CO fiindittg.. Growing Opporttinities for All in Oldha Core fvnding Core siipport.. Learn lo Play Core funding Core funding Ctsr¢ fui)dirtg Corc futjding.. Èmpact of poverty on health Core thndin8 CMML Leukeit)ia Research Project Core futLdin8.' LEAD+ 50,0(K) 50.0(X) I40,0> 35,(N)O City of Trees Civic Power Fund GMIAU 55,000 33,000 30,500 295,000 50,361 Hallé Concerts Society Higher Health Inner City Musi¢ 41,360 31,500 41,550 46,360 Kindling Farni Ma8gie's Mallchester Jewish Mllseum MASH Mart¢hester Woimens Aid so,000 30,000 44,000 30,000 56,450 50,000 40,000 Nature Friendly Faming Network 36.380 35,318 Northem Roots Our Room Olympia5 Music Foundation Refiigee Aetton Royal Exchange Theatre Safety4Sisters loo,000 47,040 64,331 50,0(K) 115,OIK) 55.0(K> 55,000 49,694 46,841 55,0(K) 197,0(K) Shared Health Foundation CIC Thickskin Theatr¢ 438,383 32.500 408,475 University of Mart¢hester Yoiing Manchester Other grants to in5tÉtution5 260.000 31,000 441,691 270,000 35,000 1,410,390 2,354,685 3,079,439 Grants over £30.000 are analysed above. All other grants are shown in other. Page 16
Oglesby Charitable Trust Notes to the FfinAnefial Statement$ for the Year Ended 30 S¢ptember 2025 (continued) 6 Artalysis of govcrnanet and support Costs Governanee costs Totgl 2025 Totg41 2024 Audit of the finan¢ial statements PJK)fessional fees 5,600 26,597 4,000 41,616 32,197 45,616 7 Trustee5 remuneration expense5 No Iw8t¢es, nor any pcrsons connccl¢d with Ih¢m, have received any r¢munerntion from the Charity during the year. No trustees have received any reimbursed ¢xpens¢s or any oth¢r benefits from the charity during the year. 8 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff Costs durlng the year iyere: Wage5 and salaries Swial s¢¢urity ¢osts Pension costs 84,835 9,591 3,978 74,737 8,197 3,604 98,404 86,538 The monthly average nuinber of persons employed by the charity during the year was as follow8.' 2025 2024 No Employe¢s Th¢ number of employees whose emoluments fell within the followiTh8 batmls was.. 2025 No 2024 No £60.001- £70,000 Page 17
Oglesby ChArfitable Trust Notes to the FlnAneial Statements for the Year Ended 30 September 2025 {continued) 9 Tax*tion The charity is a registered charity and is th¢refore exeinpt froin taxation. 10 Fixed Asset Investments Llst¢d se¢urltles Totgl Market value At l October 2024 Revaluation Additions Disposals 5.811,730 260,512 2,873 1,250,017 5.811.730 260,512 2.873 1250,017 At 30 S¢pteJnb¢r 2025 4,825,098 4,825,098 All the fixed asset invtents ar¢ held irt the United Kingdom. 11 Debtors 2025 2024 Aed income 63,169 12 Credltors: amounts falllng due wlthin one year 2025 2024 Accrllals 6,800 13,902 13 Pertslon and other schemes Dellned contrlbutloj) penslon sLheme The charity op¢rdte5 a defJn¢d Contribution pension scheme. The pension eost charge for the year Tq)resenls ¢ontiibutions payable by the charity to the scheme and atnounted tr) £3.97812024- £3,604). Page 18
Oglesby ChaYfitAble Trust Notes to the FiDallciAI StatemeDts for the Year Ended 30 September 2025 (continued) 14 Funds Balgnee at 30 ScpteTnber 2025 Balanee at I Oetober 2024 Other re¢ognlscd gaIn(lo$s¢s) Incoming resource$ Re50urc¢s expended Unr¢strleted funds General 6,855,031 1,012,547 (2,536,960) 260,511 5.591,129 Balance at 30 September 2024 Other r¢eognlsed EalnslOv$ses) October 2023 Incorning resources Resource expended Unre5trlct¢d funds Genet*l 7,211,384 2.282,862 (3,246,687) 607,472 6,855,031 15 Analysls of net asset5 bettveen funds Unrestrlcted runds General Total funds at 30 SepteJnb¢r 2025 Fixed a55et investments Current assets Current liabilities 4,825.098 772.831 16.8001 4,825.098 772,831 (6,800 Total net assets 5.591.129 5,591,129 Unrestricted funds General Total funds at 30 September 2024 Fixed asset investments Current assets Current liabiliiies 5,811.730 1,057,203 113.902) 5,811,730 1,057,203 {13,902) Total net assets 6,855.031 6,855,031 Page 19
Ogle$by Charitable Trust Note$ to the Finaneial Sthtements for the Year Ended 30 September 2025 (continued) 16 Related party transaetlorts Diiring the year grants totslling £260,000 (2024.. £270,000) were patd to the Uom 02.. CMML Leukemta Rc5carch Projcct for which Mrs J S Oglesby is a ineinber of the Global Leadership Board. At the balance sheet dat¢ there were no balances oulsianding to either organisRlion12024.' £nil). During the year grant5 totalling £438,383 12024: £408,475) were paid to the Shared Health Foundation CIC, a con)munity interest coinpany for which Mrs I S Oglesby is a director and Mrs K J Vokes was a director. At th¢ balance sheet date ther¢ was a balance outstanding of £Nil {2024.. £nill. During the ye8r grants totalling £Nil {2024.. £52,500) were paid to the Centre for Soeial Ju5tLce, a charitable organisation of which Mrs J S Ogle5by is a diwtor. At the balance sheet dat¢ there was a balanc¢ outstanding of £Nil (2024.. Nil). Page 20