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
Live￿001
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 tri￿lte 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 Tn￿te¢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
Tn￿leeS 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 Pu￿ose 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 reS￿rChed 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 organi￿tiOnS that are active in Greater
Manchester and the North of England and that align with our PiiTptsse frainework (￿htt 5 1loLle5bycharitabletr115t
r￿k1￿￿-¢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 ￿ll￿1ng 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 (h￿￿S 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 Cu￿nt 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 refe￿d 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 manag￿nent
The Twstees ¢on8ider the major risks to which the Charity 1$ exposed. Financial risk is fo￿￿81]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 All￿S 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 cU￿￿t 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 $t8tem¢nt
The Trustees have ¢onsidered the piiblic benefit 8uidance published by thc Charity Commission and consider
thllt they have complied with the 8uidan¢e by siipporling only activities recognised as charitable under English
Law.
7. Fln&nclal Summary
The Charity ineets lis day-to-day requirements through cash it hold5 With its bank, which is monitored clos¢ly.
As di5CU5sed elsewhere, charity forecasts and projections ore reviewed regularly by the Finance Sub-Group and
we continue to adopt the going concern basis in preparing our fin3n¢ial stsi¢in¢nts.
The charity has made grallts of £2.354,685 in this financial year (2023124.. £3,079,439). Since the Tn￿t was
forined in 1993, over £37 inillion has been donated.
The ieserves of the Charity now stand at £5.6m compared with £6.9m at the beginning of the year, a reduction
of £1,263.902. As di$¢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
tiMefrai￿tS 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). T￿ne 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 Tn￿teeS 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 In￿mIng
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 I￿lst¢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 the￿on.
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 WI￿1¢ 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 re￿lIationS, 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 re￿1[#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, $i￿peCted nnd alle8ed fraiid; and
considering the internal controls in place io mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud thrfftigh management bias and override of controls, we-.
perfonned analytical procedures OJJ Inalerial balance5 for which robust, substantive analyti¢al procedures
have been imdertaken to identify any unusual or unexpe¢ted relationships,.
tested journal entries to identify unusual transactions.. and
invesligat¢d th¢ rationale behind significant or unusllal transactions.
There aTe inherent limitations in our audit pro¢edLtres described abov¢. The niore removed that laws and
re8iilations are from financial trftn5actions. the less likely it is that we would becoine aware of noncompliance.
Auditing standards also liimit the Riidit proccdures req111￿d to identify non-coinpliance with laws and regulaiions
to enquiry of the trnstees and other m8nagement and the inspection of regulatory and legal correspondence, if
any.
Material mÈsstateinents that ari$¢ 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 tn￿re¢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 expendi￿re
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 llo￿s 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 cha￿ed 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 inv￿t￿ents ar¢ held irt the United Kingdom.
11 Debtors
2025
2024
A￿￿ed 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