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← The Orr Mackintosh Foundation Limited

2025-03-31-accounts

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

Company Registered Number: 03150478 Charity Registration Number: 1052686

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 13
Statement of Trustees' Responsibilities 14
Independent Auditor's Report on the Financial Statements 15 - 18
Statement of Financial Activities 19
Balance Sheet 20
Statement of Cash Flows 21
Notes to the Financial Statements 22 - 42
Appendix I 43 - 47

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Julian Baddeley
Helen Baker
Gillian Budd, Chair
Lee Davis
Michael Kempe
Georgie Killik
Company registered
number
03150478
Charity registered
number
1052686
Registered office
6th Floor
2 London Wall Place
London, United Kingdom
EC2Y 5AU
Chief Executive
David McIntosh (appointed 1 April 2024)
Company Secretary
Beverley van der Sluis ACG
Independent auditor
MHA
Statutory Auditor
6th Floor
2 London Wall Place
London
EC2Y 5AU
Bankers
Barclays Bank PLC
1 Churchill Place
London
E14 5HP
Solicitors
Collyer Bristow
St Martin's Court
10 Paternoster Row
London
EC4M 7EJ
Stockbrokers
Killik & Co
46 Grosvenor Street
London
W1K 3HN

Page 1

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the audited financial statements for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees’ Report and a Directors’ Report under company law. The Trustees confirm that the Annual Report and financial statements of The Orr Mackintosh Foundation, hereafter referred to as ShareGift (the Charity) comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial year 2024/25 was ShareGift's twenty-ninth full year of operation.

Since the Charity qualifies as small under section 382 of the Companies Act 2006, it has taken exemption from the requirement to prepare a strategic report.

Structure, Governance and Management

Constitution, Trustee Appointments and Resignation

The Orr Mackintosh Foundation Limited is a Company Limited by Guarantee, incorporated on 24 January 1996 (registered in England no. 03150478) and is also a charity registered with the Charity Commission of England and Wales (registered no. 1052686). The liability of each member of the Company is limited to £10 in the event of the Company being wound up.

The Charity was established by Viscountess (Claire) Mackintosh of Halifax and Matthew Orr, with Claire Mackintosh initiating and carrying out the work of ShareGift as its Chief Executive and Matthew Orr joining the Board of Trustees (“Board”). Matthew Orr stood down as a Trustee in 2012. Claire Mackintosh retained the role of Chief Executive until 2014, serving as a member of the management team until 31 July 2024. She continues to champion ShareGift's work in her capacity as Founder & Patron and as a Member of the Charity.

The Trustees are ultimately responsible for governing the Charity and for its operations. As part of fulfilling this role, they oversee, guide and support the Chief Executive and other members of ShareGift’s Executive Team as they carry out the Charity’s work. The Trustees are in regular contact with the Chief Executive and other employees, and any significant decisions required to be made are discussed and resolved as and when they arise. The Chief Executive produces a quarterly update for the Trustees, which includes business developments and other key milestones. The Chair and the Chief Executive meet regularly. A formal Board meeting takes place three times a year; the Audit Committee meets at least twice a year and the Remuneration Committee meets at least once a year. Further meetings are convened as required and, under The Orr Mackintosh Foundation Limited’s Memorandum & Articles, these may all be held remotely using digital technology.

All Trustees are fully aware of ShareGift’s history, purpose, aims, ethos and activities and are committed to its charitable mission. They are made aware of the issues that the Charity faces, and they understand their role and responsibilities as a Trustee and the commitment to the role expected of them.

New Trustees are recruited through an open and competitive selection process, both for their expertise in the sectors in which ShareGift operates (which include both corporate and charitable sectors) and for their wider experience which may be of benefit to the Charity. Upon appointment, new Trustees sign an undertaking to become a Member of the Company for the duration of their term. The formal induction programme comprises meetings both with the Chair and Trustees and with the Chief Executive and other members of the Executive Team. A pack is supplied which includes accounts for the previous three years, the minutes and papers for the most recent board meeting, the Charity's Memorandum and Articles of Association, and copies of the Charity Commission's guidance 'The Essential Trustee: What You Need to Know' and 'Public Benefit: running a charity'.

Trustees are appointed for an initial period of three years, normally with the opportunity to stand for re-election for up to two further three-year terms.

Page 2

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Board’s composition and skillset is kept under regular review to enable it to perform effectively and to ensure that a balance of relevant skills, knowledge, independence, and experience is maintained. Training is regularly made available to the Board and Trustees availed themselves of these opportunities during the financial year.

Trustees’ Indemnities

Trustees benefit from indemnity insurance to cover the liability of the Trustees which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default or breach of trust or breach of duty of which they may be guilty in relation to the Charity. The cost of this insurance in the year has been included within total insurance costs.

Principal Supporters

The Trustees recognise the generous contributions of time, funds, resources and professional expertise made by the following during the year:

Risk Management

The Trustees are responsible for identifying and reviewing the major risks to which the Charity is exposed, and ensuring that the Charity establishes and operates appropriate systems and procedures to manage those risks. Accordingly, the Trustees have considered the following:

The Trustees have set policies on internal controls which cover these points and, additionally, have clarified the responsibility of the Chief Executive of the Charity to implement these policies and to identify and evaluate risks for their consideration. The Charity maintains a risk register which is reviewed on a quarterly basis by the Executive Team, and on an annual basis by the Trustees. Areas of risk are discussed at Board meetings and Audit Committee meetings.

For the year under review the Trustees consider that the top five risks facing the Charity were as follows:

  1. Erosion of the ‘unwanted’ shareholding concept

  2. Redirection of large donors

  3. Loss of key employees

  4. Cyber attack

  5. UK GDPR breach

The Trustees continue to monitor the mitigation of these risks, as well as the risk of income fluctuations resulting from the higher levels of market volatility experienced since the year end.

Page 3

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

A brief description of the top five risks and the mitigations taken follows.

Erosion of the ‘unwanted’ shareholding concept: The concept of the ‘unwanted’ shareholding is one of several that have been at the heart of ShareGift’s strategy since the Charity’s inception. ShareGift, with the support of UK share registrars, provides a charitable solution to the issue of ‘unwanted’ shareholdings. These types of shareholding can often manifest as small paper certificate shareholdings which are uneconomical for retail shareholders to sell due to either their value being lower than that of the brokerage commission required to sell them and/or the cost of acquiring a replacement certificate if the original has been mislaid. There is a risk that this concept may be gradually eroded by factors which could include the advent of 'zero commission' execution-only digital trading, moves to digitise shareholdings and eliminate paper share certificates and the continued expansion of corporate nominees and other forms of intermediation in the retail investor space.

The Board and the Executive Team continue to monitor these risks actively and take appropriate mitigating actions, which include: working with intermediaries and their industry bodies to help them to understand the value of ShareGift’s charitable outcomes and the advantages this can deliver for their members, clients and customers; and continuing to work with share registrars to adapt to the evolving landscape and to identify new opportunities to deliver reduced administration costs and enhanced Environmental, Social and Governance activity for their clients and charitable outcomes for their retail shareholders.

Redirection of large donors: Access to advice for philanthropically-minded donors is growing, as is the range of alternative vehicles for share giving. ShareGift is mitigating the potential risks posed by these developments by ensuring that it understands the landscape for philanthropic share donations and that, in turn, the benefits of giving via ShareGift are better understood by those active in this relatively new field of philanthropy advice, as well as charities themselves.

Loss of key employees: For any small organisation, the loss of key employees is an inherent risk. ShareGift mitigates this risk as much as possible. Key management personnel have notice periods of at least three months. All procedures are documented. Wherever practicable, no responsibility lies solely with one employee. Employee retention is encouraged through the adoption of fair pay and benefit procedures and by offering learning and development opportunities to all employees.

Cyber attack/ UK GDPR breach : Cybercrime is a significant and growing risk for most charities in the UK. The Charity has controls in place to mitigate against a third party making unauthorised banking or security withdrawals, including, where appropriate, multifactor authentication, dual signatories and the use of secure hardware/ IT environment. The risk of data theft is mitigated by the Charity’s policies, including its Cyber Security Policy, and related procedures, which include holding data within a rigorous security network. The personal data required to process donations is not deemed sensitive under GDPR and is deleted/obfuscated in line with ShareGift’s Privacy Policy. Personal data entered by some donors via ShareGift’s website is held by ShareGift’s third-party website provider and is automatically deleted after 30 days by the host.

In addition to the mitigations above, employees comply with ShareGift’s GDPR-compliant Privacy and Data Protection Policies, as well as its data retention procedures, which are designed to minimise and mitigate the risk of a possible data breach. ShareGift employees also regularly undertake online training focused on cyber risk.

Objects and Aims of the Charity

The objects of the Charity are:

To hold and apply funds without distinction between capital and income for the benefit of such charitable institution or institutions and such charitable purpose or purposes as the Trustees in their absolute discretion think fit.

Page 4

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The aims of the Charity are:

  1. To generate income by collecting donations of shares and aggregating them into saleable quantities; in particular, small shareholdings that would cost more to sell than they are worth. Additionally, by accepting donated cash entitlements arising in a variety of ways from small shareholdings, unlisted securities, corporate transactions and unclaimed assets. ShareGift also accepts larger philanthropic donations of shares in line with its large donor procedures

  2. To distribute funds thus generated to a wide range of other registered charities according to the Charity’s Grant-making Policy

  3. To provide a convenient and charitable solution to the long-standing business problem of small shareholdings and cash entitlements, enabling companies to reduce their administrative costs

  4. To foster awareness and understanding of share donation across the charitable sector

Grant-making Policy

ShareGift does not accept applications for funding from charities. Instead, its policy is to reflect in the widest possible way the charities and causes which are of interest to those who help ShareGift to create the pool of funds from which it makes donations. This includes share donors and other supporters of ShareGift, including companies, stockbrokers, asset managers, custodians, share plan providers, and other organisations which suggest ShareGift as an option to shareholders and clients.

ShareGift encourages those who give shareholdings or cash donations, however small, and those who assist the work of ShareGift in other ways, to suggest charities or areas of charitable work for future consideration. ShareGift is a ‘cause-neutral’ grant-maker, meaning that we can give to any area of charitable work, to facilitate giving to the broad range of charities suggested. ShareGift also identifies charities as potential recipients of grants through its own in-house research and from time to time undertakes ‘themed’ distributions as an integral part of its grant-making philosophy and policy. All charities which are identified as potential beneficiaries of funding from ShareGift are subject to due diligence before any grant is considered.

Funds arising in Ireland are donated to a group of Irish charities chosen by ShareGift. These funds are administered on behalf of ShareGift by the Community Foundation for Ireland. The full list of charities supported in Ireland is available on the page ‘ShareGift In Ireland’ on the Charity’s website: https://www.sharegift.org/Ireland/

Further details of ShareGift’s Grant-making Policy may be found in the Downloads section on the Charity’s website: https://www.sharegift.org/downloads/

Grants Data Transparency

ShareGift is committed to transparency and works with 360Giving to publish information about its grants periodically. Further details on grants awarded by ShareGift are available on the Charity’s website: https://www.sharegift.org/working-with-sharegift/charities/

Strategy and Future Plans

ShareGift successfully creates a unique funding stream which would not otherwise exist, and its core business plan remains the same as in the previous 29 years. The Charity continues to work with public limited companies, who regularly include information about ShareGift in shareholder communications. They do this both on a routine basis in share dealing programmes and annual reports and when opportunities arise within corporate transactions such as share consolidations. This is an important part of a company’s shareholder communications strategy, and from ShareGift’s point of view this route provides a most effective way for increasing donations to the Charity. ShareGift’s long term strategic planning, therefore, continues to include the further development of key contacts with companies and their registrars.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

ShareGift continues to seek out innovative opportunities for listed and privately held companies to work with the Charity, and in doing so help lower their own administration costs, whilst at the same time generating the income that is then used to support the charitable sector. The Charity will also continue to maintain and strengthen its collaborations with stockbrokers, independent financial advisers, wealth managers, investment banks, solicitors, venture capitalists, investors, High Net Worth Individuals, and others, providing a useful and charitable solution to the varied challenges that they face. The Charity considers it important to continue its pro bono work in educating individual charities about share donation as a fundraising tool and helping them to promote share donation to their supporters.

Unclaimed assets arising from small shareholdings have formed part of ShareGift’s income stream since the outset. ShareGift notes the imminent expansion of the existing Dormant Assets Scheme, which currently covers dormant bank accounts, to include equities and other instruments. ShareGift will continue to monitor developments in this area as the Department for Digital, Culture, Media & Sport, the Office for Civil Society, the Securities Working Group and market participants across the securities industry shape the Scheme. ShareGift’s own unique model continues to represent a clearly differentiated and valuable way for share issuers to harness the power of unwanted shareholdings for the benefit of charities and charitable causes across the UK and in Ireland.

The Digitisation Taskforce was launched by the Government in July 2022 to drive forward the modernisation of the UK’s shareholding framework. They published their Final Report in July 2025 which outlined a three-step plan to:

  1. Remove paper share certificates and establish digital registers (by the end of 2027).

  2. Make preparations for a fully intermediated system by improving shareholder communications, electronic payments, and protecting the rights of the Ultimate Beneficial Owners within the intermediary system (by 2029).

  3. A transition to a fully intermediated system, subject to completion of Step 2 and the further recommendations of a Technical Group (no definitive timescale at this stage).

ShareGift welcomes the recommendations of the Digitisation Taskforce, subject to the final recommendations of the Technical Group. We believe they present a significant opportunity for the Charity to play a key role in releasing funds for the charitable sector in the UK.

The Charity has worked for almost 30 years with individual shareholders, issuers, registry and intermediary organisations to offer a simple charitable route to dispose of securities regardless of how they are held, and will continue to do so within the changing landscape of share ownership. ShareGift has an important role to play in the move to a digital registry system, the transition to a fully intermediated system, and beyond.

The Charity will continue to liaise with the key stakeholders involved in this initiative, including the Technical Group (when formed), to ensure that shareholders are always able to access a cost-free charitable exit from their positions in a way which is both beneficial to industry and representative of, and responsive to, the charitable interests of shareholders in the UK.

The Board and the Executive Team at ShareGift regularly review the Charity’s strategy, with the latest review taking place in February 2025. These reviews include income analyses, SWOT analysis and extensive discussion. The following key strategic areas of focus were agreed in the most recent review of the Charity’s strategy:

  1. Intermediaries

  2. Share plans

  3. Legacies

  4. Company secretaries

  5. Charity sector profile

Page 6

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Achievements and Performance of the Charity

Headline Achievements during the Year

Gross income for the year under review was £9.5 million (2024 - £7.5 million).

£10.3 million (2024 – £3.7 million) was distributed to 615 charities during the year (2024 – 423 charities) and the Charity celebrated reaching the milestone of £50 million in total donated to charities in the UK.

Financial Review

Analysis of Performance - Income

Income generation: £9,525,533 (2024 - £7,540,335)

Income for the year under review exceeded the level achieved in the previous year, which was itself a recordbreaking year for the Charity. This excellent performance was in part was due to the recognition of exceptional levels of legacy income entitlements in the year, which amounted to £4.3 million (2024 - £3.6 million). All except £1. 7 million (2024 - £3.6 million) of known legacy income entitlements had been received at the year end.

The level of the Charity’s income, owing to the nature of its work, is always unpredictable and liable to fluctuate. ShareGift has no control over when individuals may donate shares and in what volumes or value. Nor does it have any control over when companies may choose to restructure their share capital or engage in other corporate actions. Moreover, it is impossible to predict the frequency and level of inclusion of ShareGift in such programmes even when they do occur. However, owing to companies’ increasing recognition of the useful role ShareGift can play, such inclusion has become increasingly likely. The donation of shares or cash via legacies is similarly unpredictable in terms of timing and amounts and liable to fluctuate.

Typically, the majority of income falls into three categories:

i) Shares donated to ShareGift, and shares donated via share registrars, or into portfolios held in the Charity's name

ii) Corporate Income, defined for these purposes as shares and cash donated to ShareGift which have arisen from share dealing services, dividend reinvestment programmes, residual dividend entitlements, corporate actions and other company programmes

iii) Legacy entitlements arising from ShareGift being a named beneficiary in a supporter’s will

Shares Donated to ShareGift

ShareGift continues to accept donations of shares directly from shareholders, and also works with companies to promote its work via their existing communications: annual reports, websites, corporate nominee statements and other mailings. In this way existing shareholders can become aware of ShareGift effectively and at no additional cost to either the Charity or the company concerned.

Additionally, ShareGift collaborates with stockbrokers, wealth managers, investment banks, other intermediaries and nominee companies, and in order to increase efficiency, maintains accounts with many of these. Small and/or illiquid shareholdings, which would otherwise remain within client nominee accounts and typically incur charges, are also transferred to the Charity. These are then aggregated by these intermediaries within their own nominee, and periodically either transferred to ShareGift or sold directly and the proceeds transferred to the Charity. This performs a valuable cost saving service for them and their clients alike. ShareGift works closely with providers of nominee services to assist them with problem shareholdings and residual cash amounts.

Solicitors and their clients also benefit from ShareGift’s existence, as the Charity can deal with many of those shareholdings that cannot readily be sold during the administration of deceased estates.

Page 7

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Although small shareholdings are the main focus of its work, ShareGift continues to assist philanthropically-minded donors (and their advisers) when they wish to make larger gifts of shares. This is especially helpful for those whose shareholdings or share transactions are complex, those who may have an interest in more than one charity, and for those who may wish to remain anonymous to ShareGift's beneficiary charities. Further details of how ShareGift handles larger donations of shares may be found on the Charity’s website: www.sharegift.org/donate-shares/large-donations/

Donations of shareholdings in privately-held companies form a part of ShareGift’s charitable income. Though the timelines for holding and disposing of this type of investment are typically much longer than for liquid, publicly-traded shares in listed companies. ShareGift’s policy when holding shares in privately held companies is that it does not typically exercise its voting rights and looks to realise value from shareholdings wherever possible. As a result, ShareGift considers itself duty bound to consider any offer received for such shares, and actively pursues opportunities to liquidate its positions wherever possible. Where unlisted securities are held, the Charity has a policy of not recognising the investments in their accounts until a reliable measurement can be obtained as to their value, which in practical terms is often on sale.

Corporate Income

ShareGift has built productive relationships with registrars, companies and corporate lawyers by offering a practical solution in respect of small shareholdings and cash entitlements arising from these. ShareGift is often included in the template documentation for a wide range of shareholder programmes and communications. Corporate use of ShareGift continues to increase in scope, with shareholder dealing programmes, fractional shares and cash entitlements, residual dividends and Dividend Reinvestment Plan entitlements all contributing to the Charity’s income. The Charity also sees an income stream from the inclusion of an option to donate to ShareGift in the documentation of asset reunification specialists. Funds arising from liquidated dormant assets and cash are regularly received by the Charity.

Legacy Entitlements

These may take the form of portfolios of shares and other securities, as well as residuary estates. By including the Charity in their will, ShareGift's supporters ensure that the value of their shares and securities is made available to charitable causes efficiently and cost effectively. Legacy entitlements may take an extended period to be received following their recognition in the Charity’s accounts due to the probate and estate disbursement processes.

Analysis of Performance - Expenditure

Expenditure: £10,794,258 (2024 - £4,303,714)

Charitable Grants

The total amount granted to charities during the year was £10,273,975 ( 2024 - £3,695,750 ). Individual grants ranged from £500 to £900,000, with 786 grants (2024 - 525) going to 615 different charities (2024 - 423), a number of which received more than one grant during the course of the year. The largest total amount received by a charity in the year was £1,501,000 (received across three grants). Exceptional grants in the region of £1.5 million were made to two charities in the year: The King’s Trust and The National Trust. These donations followed receipt of funds from a legacy where the legator had expressed a charitable interest in those charities.

Grants were made to a wide range of new and existing beneficiaries, reflecting the diverse charitable interests of ShareGift’s supporters – share donors, organisations and individuals who help the Charity to create the pool of funds available for grant-making. As a result, the list of charities ShareGift has supported since 1996 continues to grow; at the date of signing more than 4,000 charities, covering an extensive area of local, national and international work, have received grants totalling over £62 million.

Page 8

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The principles governing grant-making are applied regardless of the Charity’s income, which is liable to fluctuate from year to year (see the Grant-making Policy on the website: www.sharegift.org/downloads/ ). It is for this last reason that ShareGift cannot specifically seek to achieve a particular level of charitable donations in any given financial year.

Other Expenditure

Total expenditure, excluding amounts granted to charities and donated services, fell to £480,603 in the year (2024 - £574,262). These cost savings reflect lower employment costs resulting from the team restructure in March 2024 and reduced premises costs following the Charity's move to a virtual office.

Reserves Policy & Designated Funds

A new reserves policy, determined by forward looking metrics, was implemented on 31 March 2024. It was developed in accordance with the Charity Commission’s guidance on charity reserves, as set-out in ‘CC19: Charity Reserves: building resilience’. The Board considers that the application of the new reserves policy presents the Charity’s reserves in a truer and fairer way and with a greater degree of transparency and supports the Charity in its fulfilment of its charitable purpose.

The following section describes the reserves policy, and the Charity’s approach to designating funds.

Purpose and target level of reserves

ShareGift’s policy is to hold reserves for two key purposes:

  1. to cover the costs of an orderly winding-up of the Charity in the event that the Trustees decide this to be an appropriate course of action, and

  2. to cover a proportion of the working capital costs of the Charity in order to mitigate against short-term fluctuations in income levels

The required level of reserves is expressed as a range that is reviewed at least annually by the CEO and the Board.

Funds reserved to meet winding-up costs: Winding-up costs are calculated with reference to ShareGift’s long-tail of illiquid assets, held both in its own name and with regulated intermediaries. ShareGift is currently the only charitable repository which operates as a ‘transferee of last resort’ and in the event of winding-up there would be no natural transferee for these assets. Additionally, for assets held in ShareGift’s own name, the register may be closed to transfers in respect of certain assets.

Due to the intractable nature of these transfers, ShareGift estimates that any winding-up process may take approximately 2 years to complete, albeit at significantly reduced employment levels.

The target range for this element of the reserves is determined as a calculation, which takes account of the expected employment, advisory and other anticipated costs of winding-up. The target range for these funds at the year end is as shown in the summary table below.

Funds reserved for working capital contingency costs: ShareGift holds an amount in reserves which is to be applied against operational costs at the discretion of the Trustees. These reserves assist the Charity in weathering any period of reduced income or widespread industry change which may otherwise affect its operations.

Funds are reserved to allow for a £150,000 contribution for each of 2 to 4 years towards the Charity's ongoing costs. The range for the working capital contingency element of the reserves is therefore typically £300,000 to £600,000 and this range is kept under review annually.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Additionally, ShareGift typically has between £50,000 and £100,000 of working capital in its operational bank accounts for cashflow management purposes. These funds are also included when determining the actual level of ShareGift’s reserves, except for any amounts that form part of the designated funds.

Levels of reserves held as at 31 March 2025

The Charity held free reserves of £1,136,094 at the 31 March 2025. This level was within the target level of reserves determined in accordance with the Charity's reserves policy, and as set-out below:

Element Target
Funds reserved to meet winding-up costs £490,000 to £590,000
Funds reserved for working capital contingency costs £300,000 to £600,000
Working capital £50,000 to £100,000
Total £840,000 to £1,290,000

As explained in our analysis of performance above, owing to the nature of its work, the timings of donations made to the Charity are unpredictable, and therefore its income is liable to fluctuate. Consequently, there are periods where the Charity’s reserves may exceed the target range.

Designated funds

The Trustees of the Charity have designated specific funds for the below purposes. As designated funds they do not form part of ShareGift’s reserves.

Digitisation response designation: a sum of £100,000 to be held specifically to meet potential structural changes the organisation may determine are required to align with the introduction of digitisation within the share registration industry. This may require exceptional costs including computer system rebuilds, consultancy and internal restructuring. The requirement to designate funds for this purpose is kept under review and is formally considered by the Board at least annually.

Grant-making designation: all donated shares and securities holdings, and all legacy entitlements, whether due or received in the form of shares and securities holdings or as cash, are designated for grant-making purposes. Funds realised from such designated assets are used to pay grants to beneficiary charities in accordance with ShareGift’s Grant-making Policy. In determining this designation, the Trustees are mindful of the positive impact on donations resulting from donors’ awareness that the value obtained from their gifted securities will be distributed in full as charitable grants.

At 31 March 2025 the estimated value of securities and other assets designated for the purposes of grantmaking was £3,526,390 Of this, £1,746,715 had been realised and was available for immediate grant-making purposes. This included approximately one third of £3 . 25 million of funds received from an individual legacy between July 2024 and January 2025. The Charity is committed to distributing all funds designated for grantmaking purposes to beneficiary charities as soon as it can responsibly do so and typically makes disbursements monthly. The Trustees approved an extended disbursement period of around 12 months for these legacy funds to enable appropriate research and due diligence to be undertaken to support their distribution to a wide range of small to medium sized charities. Since the year end, an additional £0.25 million has been received in respect of this legacy which is being distributed in the same manner.

Page 10

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Management of reserves and designated funds

The following table summarises the way in which ShareGift’s reserves and designated funds are held and managed:

Element Component of: Forming part of:
Funds reserved to meet winding-up
costs		 Reserves TheInvestmentPortfolio
Funds reserved for future operational
costs		 Reserves
Digitisation response designation Designated funds
Grant-making designation Designated funds TheGrant-makingportfolio

The Investment Portfolio: This is managed by an external investment manager with the primary aim of acting as the long-term reserves to support the Charity.

The Investment Portfolio is expected to generate attractive returns over the long term and funds may be drawn down periodically to cover a proportion of the Charity’s costs and fund grant-making activities, as approved by the Trustees. Income generated by the portfolio is reinvested.

The Grant-making Portfolio: Donated securities for ShareGift’s beneficial ownership are held both in the Charity’s own name and via a wide range of intermediaries in the UK and overseas.

These portfolios are not held to generate investment income. Consequently, the Trustees and management do not take an investment view on these donated assets in relation to markets, sectors or of the individual characteristics of shareholdings held in ShareGift’s name prior to sale in fulfilment of the Charity’s purpose.

Other than in respect of the Investment Portfolio, it is not the Charity’s policy to purchase shares.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Public Benefit

As set out in other areas of this report, ShareGift's charitable activities involve making donations to other charities as well as assisting the charitable sector more generally by raising awareness of share donation. ShareGift has worked with several ‘household name’ charities and many smaller charities this year to help them to integrate share donation information into their websites and other supporter communications. Charities remain keen to maximise and diversify their income streams, and ShareGift remains committed to helping them to develop share donation as an income stream.

ShareGift’s grants are made to registered charities and charitable organisations involved in a wide range of areas of benefit and which are also required to demonstrate that their own aims are for the public benefit. Due diligence is performed from publicly available information on all charities identified as potential beneficiaries of grants from the Charity. This includes, but is not limited to, information demonstrating that they have sufficient reserves and are operating as a going concern, have appropriate policies in place, and are up to date on filings with the Charity Commission. This process will also include surveying sources of income, expenditure, trustees, and recent news stories.

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THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees refer to, and are mindful of, the Charity Commission’s guidance ‘Public benefit: running a charity (PB2)’ as they review the Charity’s aims and objectives and in planning future activities. They confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to this guidance.

Related Parties

For details of the Charity’s related party transactions see Note 2 6 .

One of the Trustees, Georgie Killik, is a partner of Killik & Co. Killik & Co carried out share disposals free of charge on behalf of the Charity in furtherance of its objectives. They also provide secure document storage, occasional meeting rooms for Trustees, and ad hoc hot-desking to help facilitate ShareGift’s virtual office arrangements. These donated services and facilities have been included at an estimated market value of £29,700 (2024 - £21,600). Killik & Co incurred certain I.T. and other operational costs on behalf of the Charity. These amounts were subsequently reimbursed in full and are disclosed in Note 2 6 . At 31 March 2025 £5,871 (2024 - £5,267) was due to Killik & Co on behalf of the Charity, in furtherance of its objectives.

Key Management Personnel

For the financial year ended 31 March 2025, the Board considered the Key Management Personnel of ShareGift to comprise the Trustees, the Chief Executive, the Company Secretary, the Head of Donor Care and the Head of Grant-making.

No Trustee remuneration was paid in the year. Details of Trustee expenses are disclosed in Note 12 and related party transactions are disclosed in Note 2 6 .

The Remuneration Committee reviews and approves all elements of the pay of the Chief Executive, on at least an annual basis. The Chief Executive reviews and approves the pay of all other employees on at least an annual basis within the parameters approved by the Remuneration Committee from time to time.

Remuneration Practices & Policy

The Trustees and the Chief Executive review the Charity’s remuneration practices and policy regularly. The policy was last updated in September 2024 and is next due for review in 2026.

ShareGift remains committed to a Remuneration policy which offers fair pay to attract and keep appropriately qualified employees to lead, manage, support and deliver on ShareGift’s charitable objectives, recognising that many of the skills and experience required to achieve these aims will be embodied by individuals with a commercial rather than charitable career background.

Information on Fundraising Practices

Neither the Charity, nor anyone acting on its behalf, undertakes conventional charitable fundraising activities such as the soliciting of donations or the conducting of direct mailings, telephone or street-based campaigns. Rather, ShareGift provides a solution for companies, brokers, investment firms, wealth managers, lawyers, individuals and others in taking away the burden of administering odd lots of shares and their associated cash entitlements.

Costs are incurred in furtherance of the Charity’s objectives, entailing a labour-intensive administrative process as thousands of small shareholdings a year are transferred, aggregated, and their collective value converted into the funds distributed by ShareGift. The cost of undertaking these activities is more accurately described by the term “cost of generating funds” than by “fundraising costs”.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Preparation of the report

The auditors, MHA (UK Member of Baker Tilly International) have indicated their willingness to continue in office.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved and authorised for issue by the Trustees and signed on their behalf by:

…………………………… 28CEBF54A4E6414...

Gillian Budd Chair Date: 08-Oct-25

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THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025

The Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

Approved by order of the Members of the Board of Trustees and signed on its behalf by:

................................................ 28CEBF54A4E6414... Gillian Budd

Chair Date: 08-Oct-25

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THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ORR MACKINTOSH FOUNDATION LIMITED

Opinion

We have audited the financial statements of The Orr Mackintosh Foundation Limited (the 'Charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable to the law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ORR MACKINTOSH FOUNDATION LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ORR MACKINTOSH FOUNDATION LIMITED (CONTINUED)

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ORR MACKINTOSH FOUNDATION LIMITED (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

D1486D0103E94AD... Stuart McKay BSc FCA DChA (Senior Statutory Auditor)

for and on behalf of MHA

Statutory Auditor London, United Kingdom

Date: 09/10/2025

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
8
Total expenditure
Net (expenditure)/income before net (losses)/gains
on investments
Net (losses)/gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
9,461,262
64,271
9,525,533
9,980
10,784,278
10,794,258
(1,268,725)
(40,113)
(1,308,838)
6,071,322
(1,308,838)
4,762,484		 Total
funds
2025
£
9,461,262
64,271
9,525,533
9,980
10,784,278
10,794,258
(1,268,725)
(40,113)
(1,308,838)
6,071,322
(1,308,838)
4,762,484		 Total
funds
2024
£
7,494,991
45,344
7,540,335
12,102
4,291,612
4,303,714
3,236,621
97,594
3,334,215
2,737,107
3,334,215
6,071,322

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 22 to 42 form part of these financial statements.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift) REGISTERED NUMBER: 03150478

BALANCE SHEET AS AT 31 MARCH 2025

2025 2025 2025 2024 2024
Note £ £ £ £
Fixed assets
Investments 14 1,194,354 1,636,753
1,194,354 1,636,753
Current assets
Debtors: Amounts falling due within one year 15 1,711,629 3,663,974
Investments 16 374,861 432,013
Cash at bank and in hand 22 1,885,409 379,494
3,971,899 4,475,481
Creditors: Amounts falling due within one
year 17 (99,775) (40,912)
Net current assets 3,872,124 4,434,569
Provisions
18		 18 (303,994) -
Total net assets 4,762,484 6,071,322
Charity funds
Unrestricted funds 19 4,762,484 6,071,322
Total funds 4,762,484 6,071,322

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ 28CEBF54A4E6414... Gillian Budd

Chair Date: 08-Oct-25

The notes on pages 22 to 42 form part of these financial statements.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
Note
Cash flows from operating activities
Net cash used in operating activities
21
Cash flows from investing activities
Dividends, interests and rents from investments
5
Purchase of investments
14
Proceeds from sale of fixed asset investments
14
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
22		 2025
£
1,038,647
64,271
(78,588)
481,585
467,268
1,505,915
379,494
1,885,409		 2024
£
(146,961)
45,344
(207,383)
318,800
156,761
9,800
369,694
379,494

The notes on pages 22 to 42 form part of these financial statements

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Orr Mackintosh Foundation Limited is a private charitable company limited by guarantee registered with the Registrar of Companies (Company Registration Number 03150478) and the Charity Commission (Charity Registration Number 1052686) in England and Wales.

The address of the registered office is given in the Charity information on page 1 of these financial statements. The Members of the Charity are Claire Mackintosh and Matthew Orr and the current serving Trustees named on page 1.

In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per Member of the Charity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Orr Mackintosh Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared on the going concern basis and are presented in sterling which is also the functional currency of the Charity and rounded to the nearest pound.

2.2 Going concern

The Trustees have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised when received not at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Typically, the majority of income is received by way of donations comprising gifts of quoted shares and fixed interest securities. These are recognised for income purposes when all the following criteria are met:

Shares are sold as soon as practicable after donation provided that any particular aggregated holding is worth £100 or more, and that the cost of sale would not exceed the total value of that holding.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. No aspect of these staff costs are purely restricted.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. It is the Charity's policy to keep valuations of stock exchange listed investments up to date, such that when investments are sold there is no gain or loss arising relating to prior years. As a result the statement of financial activities does not distinguish between the valuation adjustments relating to sales and those relating to continued holdings, as they are together treated as changes in the value of the investment portfolio throughout the year.

Where unlisted securities are held, the Charity has a policy of not recognising the investments in the accounts until a reliable measurement can be obtained as to their value, which in practical terms is often on sale.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.11 Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 15. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Liabilities – trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 17. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

2.12 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

2.13 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which 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.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.15 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4.
Income from donations
Unrestricted
funds
2025
£
Donations
5,187,889
Legacies
4,273,373
9,461,262
Unrestricted
funds
2024
£
Donations
3,888,914
Legacies
3,606,077
7,494,991		 Total
funds
2025
£
5,187,889
4,273,373
9,461,262
Total
funds
2024
£
3,888,914
3,606,077
7,494,991

Page 28

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Investment income

Unrestricted
funds
2025
£
Investment income
39,962
Bank interest income
24,309
64,271
Unrestricted
funds
2024
£
Investment income
43,311
Bank interest income
2,033
45,344		 Total
funds
2025
£
39,962
24,309
64,271
Total
funds
2024
£
43,311
2,033
45,344

Page 29

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THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Investment management costs

Unrestricted
funds
2025
£
Investment management fees
9,980
Unrestricted
funds
2024
£
Investment management fees
12,102
Analysis of grants
Grants to
Institutions
2025
£
Grant-making
10,273,975
Grants to
Institutions
2024
£
Grant-making
3,695,750		 Total
funds
2025
£
9,980
Total
funds
2024
£
12,102
Total
funds
2025
£
10,273,975
Total
funds
2024
£
3,695,750

7. Analysis of grants

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of grants (continued)

Donations were made to 615 (2024 - 423) charities.

Our policy is to include, as beneficiaries, many charities and causes which are of interest to share donors and other supporters of ShareGift (including companies, stockbrokers and others who offer the ShareGift option to shareholders and clients). ShareGift's list of beneficiaries represents a wide spectrum of charities — from major household names to small local initiatives.

There are no restrictions on the type of work we may support, or where it takes place. As a result of this policy ShareGift does not consider it appropriate to analyse donations by reference to the nature or type of charitable activities.

The list of charities receiving £10,000 or more can be seen in Appendix 1 to these accounts.

8. Analysis of expenditure on charitable activities - by fund

Unrestricted
funds
2025
£
Grant-making
10,395,119
Generating funds
389,159
10,784,278
Unrestricted
funds
2024
£
Grant-making
3,910,922
Generating funds
380,690
4,291,612		 Total
2025
£
10,395,119
389,159
10,784,278
Total
2024
£
3,910,922
380,690
4,291,612

Page 31

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of expenditure on charitable activities - by type

Grant-making
Generating funds
Grant-making
Generating funds
Analysis of direct costs		 Activities
undertaken
directly
2025
£
84,450
271,285
355,735
Activities
undertaken
directly
2024
£
161,225
285,244
446,469		 Grant
funding of
activities
2025
£
10,273,975
-
10,273,975
Grant
funding of
activities
2024
£
3,695,750
-
3,695,750		 Support
costs
2025
£
36,694
117,874
154,568
Support
costs
2024
£
53,947
95,446
149,393		 Total
funds
2025
£
10,395,119
389,159
10,784,278
Total
funds
2024
£
3,910,922
380,690
4,291,612
Staff costs
Website and publicity
Travel and subsistence
Foreign currency loss/(profit)
Share processing (donated services, see note 26)
Other donated services (see note 26)		 Total
funds
2025
£
320,788
1,940
1,545
1,762
355,735
18,000
11,700		 Total
funds
2024
£
397,169
20,413
5,189
2,098
21,600
-
446,469

Page 32

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of expenditure on charitable activities - by type (continued)

Analysis of support costs

Legal, recruitment and professional fees
Rent and rates
Office costs
Computer costs
Subscriptions
Other
Bank charges
Governance costs		 Total
funds
2025
£
27,616
5,376
50,272
30,644
2,365
17,814
1,041
19,440
154,568		 Total
funds
2024
£
33,030
18,468
35,231
29,444
498
4,507
615
27,600
149,393

Support costs are allocated across activities on a staff time basis.

10. Governance costs

Auditor's remuneration - Audit of the financial statements
Auditor's remuneration - Preparation of the financial statements
Auditor's remuneration - Over accrual of prior year audit fees		 2025
£
17,220
3,720
(1,500)
19,440		 2024
£
24,000
3,600
-
27,600

Page 33

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THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
269,934
25,793
25,061
320,788		 2024
£
328,287
39,221
29,661
397,169

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Employees 5 5

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 1 1
In the band £90,001 - £100,000 - 1
In the band £100,001 - £110,000 1 -
In the band £120,001 - £130,000 - 1

During the year the Charity considered its Key Management Personnel to be the Trustees, the Chief Executive, Company Secretary, the Head of Donor Care and the Head of Grant-making. Total remuneration paid to Key Management Personnel in 2025 was £283,755 (2024 - £311,473).

12. Trustees' remuneration and expenses

During the year ended 31 March 2025, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, expenses totalling £ 443 were reimbursed or paid directly to 1 Trustee (2024 - £NIL to all Trustees) . These expenses were in respect of event and membership costs.

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
Tangible fixed assets
At 1 April 2024
Disposals
At 31 March 2025
At 1 April 2024
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Fixtures and
fittings
£
6,154
(6,154)
-
6,154
(6,154)
-
-
-

Page 35

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14.
Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
The historic cost of these investments is £1,053,449_(2024 - £1,415,743)._		 Listed
investments
£
1,636,753
78,588
(481,585)
(39,402)
1,194,354
1,194,354
1,636,753

15. Debtors

Due within one year
Other debtors
Prepayments and accrued income
Legacies receivable		 2025
£
477
2,344
1,708,808
1,711,629		 2024
£
1,235
109,181
3,553,558
3,663,974

Page 36

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED

(A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Current asset investments

Listed investments
17.
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals
Grants accrued - individual		 2025
£
374,861
2025
£
11,344
7,584
907
22,940
57,000
99,775		 2024
£
432,013
2024
£
-
-
-
40,912
-
40,912

18. Provisions

At 1 April 2024
Additions		 Legacy
provision
£
-
303,994
303,994

A provision has been made to provide for the potential of unreliable estimates being made in the valuation of legacy debtors.

Page 37

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Grant-making
Digitisation
response
Defrayment of
costs
General funds
General Funds
Total
Unrestricted
funds		 Balance at 1
April 2024
£
501,930
100,000
-
601,930
5,469,392
6,071,322		 Income
£
-
-
-
-
9,525,533
9,525,533		 Expenditure
£
-
-
-
-
(10,794,258)
(10,794,258)		 Transfers
in/out
£
3,024,460
-
-
3,024,460
(3,024,460)
-		 Gains/
(Losses)
£
-
-
-
-
(40,113)
(40,113)		 Balance at
31 March
2025
£
3,526,390
100,000
-
3,626,390
1,136,094
4,762,484

The grant-making designation represents funds set-aside for the purpose of paying grants to beneficiary charities in accordance with the Charity's grant-making policy. It comprises all donated shares and securities, and any funds realised from them, as well as any other amounts, however sourced, that are approved for distribution by the Executive Grant-making Committee.

The digitisation response designation of £100,000 represents funds held to meet potential structural challenges that the organisation expects to face with the introduction of digitisation within the share registration industry.

In total a net amount of £3,024,460 was transferred from general funds to designated funds to reflect the designation of funds in the year.

Page 38

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds (continued) Statement of funds - prior year

Unrestricted
funds
Designated
funds
Grant-making
Digitisation
response
Defrayment of
costs
General funds
General Funds
Total
Unrestricted
funds		 Balance at
1 April 2023
£
-
-
1,697,104
1,697,104
1,040,003
2,737,107		 Income
£
-
-
-
-
7,540,335
7,540,335		 Expenditure
£
-
-
-
-
(4,303,714)
(4,303,714)		 Transfers
in/out
£
501,930
100,000
(1,794,698)
(1,192,768)
1,192,768
-		 Gains/
(Losses)
£
-
-
97,594
97,594
-
97,594		 Balance at
31 March
2024
£
501,930
100,000
-
601,930
5,469,392
6,071,322

Page 39

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Fixed asset investments
1,194,354
Current assets
3,667,905
Creditors due within one year
(99,775)
Total
4,762,484		 Total
funds
2025
£
1,194,354
3,667,905
(99,775)
4,762,484

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
1,636,753
4,475,481
(40,912)
6,071,322		 Total
funds
2024
£
1,636,753
4,475,481
(40,912)
6,071,322

Page 40

Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Loss/(gain) on investments
14
Dividends, interests and rents from investments
5
Decrease/(increase) in debtors
15
Increase/(decrease) in creditors
17
Donations of current investments
4
Proceeds from sale of current asset investments
Increase in provisions
18
Net cash provided by/(used in) operating activities
22.
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents
23.
Analysis of changes in net debt
At 1 April
2024
£
Cash at bank and in hand
379,494
Liquid investments
432,013
811,507		 2025
£
(1,308,838)
39,402
(64,271)
1,952,345
58,863
(8,100,649)
8,157,801
303,994
1,038,647
2025
£
1,425,988
459,421
1,885,409
Cash flows
£
1,505,915
(57,152)
1,448,763		 2024
£
3,334,215
(97,594)
(45,344)
(3,358,480)
(9,625)
(2,778,000)
2,807,867
-
(146,961)
2024
£
119,569
259,925
379,494
At 31 March
2025
£
1,885,409
374,861
2,260,270

Page 41

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THE ORR MACKINTOSH FOUNDATION LIMITED (A Company Limited by Guarantee, known as ShareGift)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

24. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund, and amounted to £25,061 (2024 - £29,661).

25. Operating lease commitments

At 31 March 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2025 2024
£ £
Not later than 1 year - -

The following lease payments have been recognised as an expense in the Statement of Financial Activities:

2025 2024
£ £
Operating lease rentals - 21,180

26. Related party transactions

One of the Trustees, Georgie Killik, is a partner of Killik & Co. Killik & Co carried out share disposals free of charge on behalf of the Charity in furtherance of its objectives. They also provide secure document storage, occasional meeting rooms for Trustees, and ad hoc hot-desking to help facilitate ShareGift’s virtual office arrangements. These donated services and facilities have been included at an estimated market value of £29,700 (2024 - £21,600). There are no unfulfilled conditions attached to these donated services.

Killik & Co incurred certain I.T. and other operational costs on behalf of the Charity. Of these amounts totalling £38,031, £32,160 were subsequently reimbursed. At 31 March 2025, £5,871 (2024 - £5,267) was due to Killik & Co on behalf of the Charity, in furtherance of its objectives.

Page 42

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THE ORR MACKINTOSH FOUNDATION LIMITED (A company limited by guarantee, known as ShareGift)

APPENDIX 1: CHARITIES RECEIVING £10,000 OR MORE DURING THE YEAR FOR THE YEAR ENDED 31 MARCH 2025

Charity Name Total Grants
Number of
Grants
Acorns Children's Hospice Trust £ 10,000 1
Age Connects North East Wales £ 15,000 1
Aid to the Church in Need (UK) £ 62,000 3
Aik Saath-Together As One £ 10,000 1
Alzheimer's Research UK £ 28,500 6
Alzheimer's Society £ 252,500 7
Ambitious about Autism £ 10,000 1
Amnesty Intl. UK Section Charitable Trust £ 51,000 2
Anthem Wales £ 10,000 1
Area 43 £ 20,000 1
Ashgate Hospicecare £ 10,000 1
Asian Women's Resource Centre £ 20,000 1
Ataxia UK £ 15,000 1
Awyr Las/Blue Sky NHS North Wales Charity £ 20,000 1
Become Charity £ 12,500 2
The Berkshire Multiple Sclerosis Therapy Centre
Limited		 £ 15,000 1
Beyond the Streets £ 15,000 1
The Big Give £ 300,000 1
Bipolar UK £ 15,000 2
Birmingham Women's and Children's Hospital £ 32,500 2
Birth Companions £ 15,000 1
BLESMA £ 10,000 1
BLISS-The National Charity for the Newborn £ 25,000 2
Boathouse Youth Blackpool £ 10,000 1
Borders Forest Trust £ 15,000 1
Brass for Africa £ 15,000 1
Breast Cancer Now £ 20,000 1
Bridgend Carers Centre £ 15,000 1
Bridges Centre £ 45,000 1
British Heart Foundation £ 82,500 7
British Red Cross £ 17,000 3
The Brompton Fountain £ 12,000 1
Bulldogs BCA £ 10,000 1
Buttle UK £ 10,000 1
Cancer Research UK £ 141,000 7
Capital Theatres £ 60,000 1
Cavell £ 20,000 1
Centrepoint £ 24,500 4
Chest Heart & Stroke Association Scotland £ 50,000 1
Child Bereavement Charity £ 10,000 1
Children North East £ 15,000 1
Children's Hospice South West £ 10,000 1
Children's Hospices Across Scotland (CHAS) £ 15,000 2
Churchill College in the University of Cambridge £ 47,000 2
The Cinnamon Trust £ 55,500 3
Civil Liberties Trust £ 12,500 1
The Clink Charity £ 10,000 1
Combat Stress £ 50,000 1
Community Foundation for Surrey £ 20,000 2
Community Foundation Ireland £ 152,475 3

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THE ORR MACKINTOSH FOUNDATION LIMITED (A company limited by guarantee, known as ShareGift)

APPENDIX 1: CHARITIES RECEIVING £10,000 OR MORE DURING THE YEAR FOR THE YEAR ENDED 31 MARCH 2025

Cornwall Community Foundation £ 15,000 1
Crisis UK £ 14,500 4
Crosslinks £ 12,500 1
Crossroads Care Kent £ 10,000 1
Dad's House £ 10,000 2
Daisy Chain £ 10,000 1
Devon Air Ambulance Trust £ 20,000 1
Disasters Emergency Committee (DEC) £ 61,000 3
Dogs for Good £ 10,000 1
Donaldson Trust £ 10,000 1
The Dorothy House Foundation Limited £ 10,000 1
Dr Kershaw's Hospice £ 10,000 1
Dravet Syndrome UK £ 15,000 1
Dress for Success Greater London £ 10,000 1
The Dyslexia Association £ 10,000 1
East and North Hertfordshire NHS Trust £ 15,000 1
Echoes International £ 17,500 1
Enable Glasgow £ 10,000 1
Endometriosis UK £ 10,000 1
Epilepsy Action £ 10,000 1
Erskine Veterans Charity £ 10,000 1
Essex & Herts Air Ambulance Trust £ 10,000 2
Ethnic Youth Support Team (EYST) £ 20,000 1
Eve Appeal £ 10,000 1
Family Holiday Charity £ 10,000 1
The Felix Project £ 10,000 1
Fertility Network UK £ 20,000 2
Field Studies Council £ 45,000 1
Fight for Sight £ 110,000 1
Fire Fighters Charity £ 10,000 1
Glasgow Children's Hospital Charity £ 10,000 1
Great Ormond Street Hospital Children's Charity £ 20,000 3
The Guide Dogs for the Blind Association £ 56,500 6
The Gurkha Welfare Trust £ 12,000 2
The Halo Trust £ 10,000 1
Heart Research UK £ 13,500 3
Honeypot Children's Charity £ 10,000 1
Hope Merthyr £ 10,000 1
Hospice UK £ 50,000 1
Imkaan £ 20,000 1
Impact Arts £ 10,000 1
International Glaucoma Association Ltd £ 10,000 1
Julia's House £ 10,000 1
Karma Nirvana £ 10,000 1
KIDS £ 10,000 1
Kids Inspire £ 10,000 1
The King's Trust £1,500,000 2
Kinship £ 10,000 1
LD: North East £ 10,000 1
League Against Cruel Sports £ 10,000 1
Leonard Cheshire Disability £ 40,000 1
The Lily-Mae Foundation £ 15,000 1

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THE ORR MACKINTOSH FOUNDATION LIMITED (A company limited by guarantee, known as ShareGift)

APPENDIX 1: CHARITIES RECEIVING £10,000 OR MORE DURING THE YEAR FOR THE YEAR ENDED 31 MARCH 2025

The Listening Place £ 10,000 1
Lullaby Trust £ 10,000 1
Macmillan Cancer Support £ 25,000 4
Magic Breakfast £ 50,000 1
Malawi Association for Christian Support CIO £ 10,000 1
Marie Curie £ 28,500 6
Mary's Meals £ 10,000 1
Maternity Action £ 20,000 1
The Meadows £ 10,000 1
Medecins sans Frontieres (UK) £ 90,000 7
Medical Aid for Palestinians £ 82,500 5
Medical Detection Dogs £ 10,000 1
Melanoma Focus £ 20,000 1
Middlesbrough Football Club Foundation £ 15,000 1
Mind £ 22,500 3
Missio £ 340,000 1
Th eMotherhood Plan £ 15,000 1
MQ: Mental Health Research £ 10,000 1
The Multiple Sclerosis Society £ 17,500 2
Mummy's Star £ 10,000 1
MumsAid £ 10,000 1
MV Balmoral Fund Limited £ 10,000 1
My Name'5 Doddie Foundation £ 10,000 2
My Sister's Place £ 10,000 1
Natasha's Allergy Research Foundation £ 15,000 1
National Memorial Arboretum £ 10,000 1
National Theatre of Scotland £ 30,000 1
The National Trust £1,501,000 3
NE Youth £ 10,000 1
Nick Kilhams Foundation £ 10,000 1
North East Young Dads and Lads Project CIO £ 12,500 2
Orchards £ 10,000 1
Orchestra of the Age of Enlightenment £ 10,000 1
Our Bolton NHS Charity £ 10,000 1
Oxfam £ 61,000 2
Pancreatic Cancer UK £ 12,500 2
Papyrus (Prevention of Suicides) £ 15,000 2
Parkinson's UK £ 57,500 4
Peek £ 10,000 1
Petals £ 15,000 2
Pets as Therapy £ 10,000 1
Pinhoe Road Baptist Church £ 12,500 1
Place2Be £ 15,000 1
Practical Action £ 10,000 1
Prison Reform Trust £ 10,000 1
Prostate Cancer UK £ 30,000 3
Rainbow Trust Children's Charity £ 10,000 1
Recovery Cymru £ 15,000 1
Red Thread Youth £ 10,000 1
Re-Engage Ltd £ 10,000 1
Refuge £ 55,000 2
Renewal North West £ 30,000 1

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THE ORR MACKINTOSH FOUNDATION LIMITED (A company limited by guarantee, known as ShareGift)

APPENDIX 1: CHARITIES RECEIVING £10,000 OR MORE DURING THE YEAR FOR THE YEAR ENDED 31 MARCH 2025

Respond £ 10,000 1
Reverse Rett £ 10,000 1
RNIB £ 20,000 1
RNLI £ 76,000 7
The Royal British Legion £ 10,000 1
The Royal Foundation of The Prince & Princess of
Wales		 £ 110,000 1
The Royal National Institute for Deaf People £ 10,000 2
Royal Osteoporosis Society £ 44,500 3
Safer Merthyr Tydfil £ 20,000 1
The Salvation Army £ 20,000 5
Samara's Aid Appeal £ 47,500 2
SANDS (Stillbirth and Neonatal Death Society) £ 20,000 2
Satro £ 25,000 2
School of Hard Knocks £ 10,000 1
School-Home Support Service £ 10,000 1
Share Africa £ 17,500 1
Shelter £ 65,500 3
Shine Trust £ 10,000 1
Simba £ 10,000 1
The Smile Train UK £ 10,000 1
Social Bite £ 10,000 1
The Soil Association Limited £ 15,000 1
South Tees Hospitals Charity £ 10,000 1
Southern Hospice Group £ 22,500 5
St Anne's College (University of Oxford) £ 12,500 1
St Christophers Hospice (London) £ 10,000 1
St Mungo's £ 55,000 5
St Peter's Hospice (Bristol) £ 20,000 3
St Stephen's Church Dulwich £ 17,500 1
St Vincent de Paul Society (England & Wales) £ 10,000 1
Stepping Stones NI £ 10,000 1
Streetvet £ 10,000 1
The Stroke Association £ 41,000 5
Temwa UK £ 10,000 2
TinyLife £ 10,000 1
Tommy's £ 30,000 2
Tomorrows Women £ 15,000 1
Tourettes Action £ 10,000 1
Trees for Cities £ 12,500 2
Trees for Life £ 12,500 2
Trussell £ 70,000 5
Trust Links £ 10,000 1
Twins Trust £ 10,000 1
UCAN Aberdeen £ 12,500 1
UK for UNHCR £ 17,500 3
Voluntary Service Overseas (VSO) £ 25,000 1
Wales Air Ambulance £ 21,000 3
WaterAid £ 60,000 4
Wellbeing of Women £ 20,000 1
Whirlow Hall Farm Trust Limited £ 10,000 1
WHiST £ 10,000 1
Womankind Worldwide £ 20,000 1

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Docusign Envelope ID: 6AA56CAB-0D68-4193-9DE4-038DF59A5142

THE ORR MACKINTOSH FOUNDATION LIMITED (A company limited by guarantee, known as ShareGift)

APPENDIX 1: CHARITIES RECEIVING £10,000 OR MORE DURING THE YEAR FOR THE YEAR ENDED 31 MARCH 2025

The Woodland Trust £ 65,000 4
World Heart Beat Music Academy £ 50,000 1
World Parrot Trust £ 15,000 1
Yorkshire Air Ambulance Limited £ 27,500 2
Young Lives Foundation £ 12,500 1
YoungMindsTrust £10,000 1

Total Grants to charity by value

Amounts donated Number of charities Number of donations Total amount
£10,000+ 212 359 £8,539,475
£5,000-£9,999 249 269 £1,448,000
£2,500–£4,999 70 74 £190,500
Up to £2,499 84 84 £96,000
Grand totals 615 786 £10,273,975

ShareGift is committed to transparency and publishes information on its grant-making to 360Giving. Details of all grants made in the year are viewable at the links provided on ShareGift’s website.

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