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2022-10-06-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 07 October 2021 To 06 October 2022

Section A Reference and administration details

Charity name The Linley Shaw Foundation

Other names charity is known by

Registered charity number (if any) 1034051

Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ

Names of the charity trustees who manage the charity

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5
6
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8
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10
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19		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Ludlow Trust
CompanyLimited
Names of the trustees for the charity, if any, (for example, any custodian trustees) Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

TAR

March 2012

1

Type of adviser
Name
Address		 Type of adviser
Name
Address		 Type of adviser
Name
Address
Investment Managers NatWest Bank Plc 440 The Strand, London, WC2R 0QS
Bankers NatWest Bank Plc 440 The Strand, London, WC2R 0QS
Solicitors Hugh James Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY
Independent Examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South Pallant,
Chichester, West Sussex, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Trust deed dated 31 December 1993 Type of governing document

(eg. trust deed, constitution) Trust How the charity is constituted

(eg. trust, association, company) Trustees are appointed by the existing trustees. Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

The Charitable Trust authorises the trustees to apply the income for the benefit of such charitable objects as the Trustees shall decide and whose objects include the conservation, preservation and restoration of the Summary of the objects of the natural beauty of the countryside of the United Kingdom using voluntary charity set out in its workers. governing document

TAR

March 2012

2

In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

TAR

March 2012

3

Section D Achievements and performance

Summary of the main During the year under review the charity made 2 grant awards amounting achievements of the charity to £35,000 as set out in the notes. during the year

TAR

March 2012

4

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £17,148 (2021: £20,071).

In addition to the free reserves the charity had bank balances of £84,723 (2021: £13,235) and investment assets of £1,667,655 within the expendable endowment fund.

The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s)[Monica Brown ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)

Date 26 July 2023

TAR

March 2012

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Charity Name No (if any) The Linley Shaw Foundation 1034051 Receipts and payments accounts

CC16a

For the period Period start date Period end date To from 07 October 2021 06 October 2022

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
-
-
32,071
157
-
-
-
-
32,228
-
-
-
32,228
35,000
-
8,308
780
-
-
-
-
-
44,088
-
-
-
44,088
(11,860)
8,937
20,071
17,148		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
1,394,751
-
1,394,751
1,394,751
-
9,258
-
-
-
-
-
-
-
9,258
1,305,068
-
1,305,068
1,314,326
80,425
(8,937)
13,235
84,723		 Total funds
to the nearest £
-
-
32,071
157
-
-
-
-
32,228
1,394,751
-
1,394,751
1,426,979
35,000
9,258
8,308
780
-
-
-
-
-
53,346
1,305,068
-
1,305,068
1,358,414
68,565		 Total funds
to the nearest £
-
-
32,071
157
-
-
-
-
32,228
1,394,751
-
1,394,751
1,426,979
35,000
9,258
8,308
780
-
-
-
-
-
53,346
1,305,068
-
1,305,068
1,358,414
68,565		 Last year
to the nearest £
Addition to trust - -
Gift aid received - -
Income from investments 32,071 29,299
Income from bank interest 157 23
- -
- -
- -
- -
Sub total(Gross income for
AR)		 32,228 29,322
A2 Asset and investment sales,
(see table).
Sale of investments - 1,182,646
- -
Sub total - 1,182,646
Total receipts
A3 Payments
1,211,968
Grants awarded 35,000 12,250
Inv mgmt and admin - 23,424
Administrative services 8,308 1,925
Independent examination 780 780
- -
- -
- -
- -
- -
**Sub total ** 44,088 38,379
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 1,158,847
- -
**Sub total ** - 1,158,847
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
**Cash funds this year end **
1,197,226
(11,860) - 80,425 68,565 14,742
8,937 - (8,937) - -
20,071 - 13,235 33,306 18,564
17,148 - 84,723 101,871 33,306

CCXX R6 accounts (SS)

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Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities		 (agree balances with receipts and payments
account(s))
Details
Capital account
Income account
Total cash funds
Details
Details
Investment portfolio
Details
Details
Investment management
Independent examination
Administrative services
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
17,148
-
-
17,148
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Endowment
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
Endowment
2,291
Unrestricted
780
Unrestricted
2,085
-
-
Print Name
Monica Brown
On behalf of Ludlow Trust Company
Limited		 Endowment
funds
to nearest £
84,723
-
-
84,723
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,667,655
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Monica Brown
On behalf of Ludlow Trust Company
Limited		 26 July 2023

CCXX R7 accounts (SS)

7

Section C Notes to the Accounts

Section C Notes to the Accounts Accounts
C2 Grants to institutions
C3 Related party transactions
C1 Nature and purpose of funds(may be
stated on analysis of funds worksheets)		 Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charityand which have not been designated for otherpurposes.
Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance
of the charity's objectives.
Recipient - 1 grant unless annotated
Keep Britain Tiday
National Trust		 £
17,500
17,500
35,000
No trustee received any remuneration nor reimbiursed any expenses in the year under review.
During the year under review Ludlow Tust Company Limited, a trustee of the charity , were paid fees for the
provision of administrative services amounting to £8,308 as authorised under the trust deed until retirement.

CCXX R8 accounts (SS)

8

Independent Examiner's Report to the Trustees of The Linley Shaw Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 6 October 2022 as set out on pages 6 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

26 July 2023 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

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