## **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