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← The Linley Shaw Foundation

2024-10-06-accounts

Trustees’ Annual Report for the period

From 07 October 2023 To 06 October 2024

Charity name: The Linley Shaw Foundation Charity registration number: 1034051

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the trust are 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 natural
beauty of the countryside of the United
Kingdom using voluntary workers.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for the
public benefit the trustees provide grants.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

1

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

2

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 During the year under review the charity
made no grants.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

3

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the reporting period the charity
had free reserves of £67,094 (2023:
£13,292).
In addition to the free reserves the charity
has bank balances of £17,353 (2023:
£12,703)
and
investments
values
at
£1,968,516
within
the
expendable
endowment fund.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 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.
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising) Para 1.47

4

Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other 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.
Unrestricted income funds are available for
use at the discretion of the trustees in
furtherance of the general objectives of the
charity and which have not been designated
for other purposes.

5

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 31 December 1993
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are appointed by the existing
trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51

6

Relationship with any related
parties		 Para 1.51 No trustee received any remuneration nor
reimbursed any expenses in the year under
review.
During the year Ludlow Trust Company
were paid fees for trust administration
services of £8,455 (2023: £7,542). These
fees are authorised under clause 14 of the
trust deed.
Other

7

Reference and Administrative details

Charity name The Linley Shaw Foundation
Other name the charity uses
Registered charity number 1034051
Charity’s principal address Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Ludlow Trust
CompanyLimited

8

20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

9

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address
Investment Managers NatWest Bank Plc 2ndFloor, Trinity Quay, Avon Street,
Bristol BS2 2DH
Bankers NatWest Bank Plc 2ndFloor, Trinity Quay, Avon Street,
Bristol BS2 2DH
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)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

~~ee~~

Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) ~~ee~~ Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Limited Position (eg Secretary, Trustee Chair, etc) ~~ee~~ Date 04 August 2025 ~~|~~

10

The Linley Shaw Foundation The Linley Shaw Foundation The Linley Shaw Foundation 1034051 1034051
07.10.2023
06.10.2024
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~
~~ee ee~~
~~ee~~		 CC16a
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from investments 52,679 - - 52,679 41,570
Interest received 2,111 - - 2,111 1,759
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 (Gross income for
AR)
54,791		 - - 54,791 43,329
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
1,733,891
1,733,891
586,508
-
-
-
-
-
Sub total -
-
1,733,891
1,733,891
586,508
Total receipts
54,791
-
1,733,891
1,788,682
629,837
~~—————~~
A3 Payments
Grants awarded - - - 45,940
Investment manager fees (Including VAT)
- - 8,664 8,664 8,478
Trust Administration fees (including VAT)
8,400 - - 8,400 7,499
Independent Examiners fees 780 - - 780 780
Cash management fee 55 - - 55 43
Bank charges - - - 36
Title Register fee - - - 3
- - - - -
- - - - -
**Sub total ** 9,235 - 8,664 17,899 62,779
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
1,712,332
1,712,332
642,934
-
-
-
Sub total -
-
1,712,332
1,712,332
642,934
Total payments
9,235
-
1,720,995
1,730,230
705,713
~~——=————~~
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end		 45,556
-
12,896
58,452
- 75,876
8,245
- 8,245
-
-
13,292
12,703
25,995
101,871
67,094
-
17,353
84,446
25,995
~~SSSSS~~

CCXX R11 accounts (SS)

04/08/2025

11

Section B Statement of assets and liabilities at the end of the period

Unrestricted
Restricted		 Endowment
Categories Details funds
funds		 funds
to nearest £
to nearest £		 to nearest £
B1 Cash funds -
-
17,353
67,094
-
-
-
-
-
67,094
-
17,353
Total cash funds
Capital account
Income account
~~S6e=~~
(agree balances with receipts and payments (agree balances with receipts and payments
account(s)) OK
OK		 OK
Unrestricted
Restricted		 Endowment
funds
funds		 funds
Details to nearest £
to nearest £		 to nearest £
B2 Other monetary assets -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~=—_—=~~
B3 Investment assets Fund to which
asset belongs
Cost (optional)
Current value
(optional)
Endowment
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Current value
(optional)
Details
Investment portfolio
Details
~~SSS=~~
B4 Assets retained for the
charity’s own use		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~aa~~
Fund to which
Amount due		 When due
Details liability relates
(optional)		 (optional)
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities		 -
-
-
-
Date of
approval
Print Name
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited
Signature
04 August 2025
~~mi~~

CCXX R12 accounts (SS)

04/08/2025

12

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 06 October 2024 which are set out on pages 11 to 12.

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.

Geoffrey Frost BSc(Hons) FCA Date 05 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

13