THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
FINANCIAL STATEMENTS OF ACCOUNTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024

THE MARY JANE ENTWISTI.E CHARITABLE FOUNDATION
CONTENTS
CHARITY DETAILS
TRUSTEES, REPORT
INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES
STATEMENT OF FtNANCIAL ACTIVITIES
BALANCE SHEET
10
NOTES TO THE ACCOUNTS

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page I
CHARITY DETAILS
Trustees
S M Entwistle (died I l January 2024)
D H Haslam
P R Entwistle (appointed 22 January 2024)
Registered Address
86 Old Hall Drive
Bamber Bridge
Preston
PR5 6FX
Charity Number
1088405
Bankers
Barclays Bank plc
38 Fishergate
Preston
Lancashire
PRI 2DD
Investment Managers
Union Bancaire Privee (UK) Limited
One Bank Street
Canary Wharf
London
E144SG
Brewin Dolphin Ltd
12 Smithtield Street
London
EC14 9LA
Independent Examiners
Hayes & Co
Chartered Accountants
I l Dalton Court
Commercial Road
Danven
BB3 ODG

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 2
TRUSTEES, REPORT
The trustees present their report and financial statements of the foundation for the year ended 30
September 2024. The trustees have adopted the provisions of the Statement of Recommended
Practice (SORP) 'Accounting and Reporting by Charities" (FRS 102) in preparing the annual
report and financial statements of the foundation. The linancial statements have been prepared in
accordance with the accounting policies set out in the notes to the accounts and comply with the
foundation's governing document, the Charities Act 2011 and Accounting and Reporting by
Charilies: 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.
Constitution and Objects and activities for the public benefit
The Mary Jane Entwistle Charitable Foundation is a registered charity governed by a deed of
settlement dated 6 February 2001 approved by the Charity Commissioners. The Trustees, powers
of investment are deterniined by the deed of settlement. The trust provides assistance throughout
the area from South Ribble to Chorley North, bul special needs elsewhere can be considered. Its
aims are to provide for the benefit of persons underprivileged and needy and where stale benefits
are not available.
The truslees generally meet on a quanerly basis to address the business of the foundation. The
secretary handles the day to day running of the foundation.
Trustees and appointment of new trustees
The trustees who have served during the year are sel out on page l and were appointed in
accordance with the deed settlement.
Trustees are appointed for lit"e' the deed of settlement stipulates the number of trustees shall be
not less than 2 and not more than 5.
In the event that a vacancy should occur then the trustees will look to appoint new trustees with
appropriate expertise and knowledge and who have an involvement in actii'ities for which grants
are sought.
Investment olic
Background and Financial Objectives
The Mary Jane Entwistle Charitable Foundation (Registered Charity No. 1088405) was
Ih
established on 6 February 2001 by Thomas Entwistle, the settlor, and David Howard Haslam for
the general benefit of the inhabitants of the area specified on the map within the trust deed (from
South Ribble to Chorley North) and fornier employees of Golden Glow Nui Food Company
Limited and such other person who the Trustees in their absolute discretion detern]ine for the
provision of financial assistance, goods and services; the provision of amenities and facilities. the
advancement of education. and for the relief of sickness.
The object of the charity is to utilise its resources to make charitable donations for general
charitable purposes, educationltraining, the advancement of health or saving of lives and the
prevention of relief of povety through grants to both individual and other charities or voluntary
bodies.

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 3
TRUSTEES, REPORT
The charity's total assets are £3,079,760 of which the majority is appointed in equal shares to two
discretionary investment managers. The balance is held in cash.
Investment Poivers
The Trustees jointly liaise with the appointed discretionary investment managers and review their
perforn]ance against industy benchmarks.
Investment Objectives
The charity seeks to produce the best financial return within an acceptable level of risk.
The charity's primary objectives for investing are for both the income produced and the capital
value to keep up with inflation and ideally outpace it over the long terni, after expenses. To allow
the charity to maintain the real value of the invested portion of its assets, whilst funding annual
distributions in the region of1.50/0 of the value of the investment portfolio.
To produce a sustainable regular income whilst also allowing for some capital growth.
Attitude to risk
The charity is not reliant on the investment portfolio's returns to fund grant making as it has no
requirement to continue in peryetuity. Granls are generally one-off awards and the number and
value of ihese rnay vary depending on circumstances.
Inflation is a key risk to the long-tenn sustainability of the charity's grant making. The Trustees
understand that this is likely to mean that investment will be concentrated in assets which have
the ability to produce capital and income returns over and above inflation and that the capital
value will fluctuate.
The Trustees do noi have a specific income target.
Available for Investment
All asset classes can be considered
The charity's assets can be invested widely and should be diversified by asset class, by manager
(where invested through collectives) and by security. Asset classes could include cash, bonds,
equities, propety, hedge funds, structured products, private equity, commodities and any other
asset that is deemed suitable for the charity.
The Trustees are charged with agreeing a suitable asset allocation strategy with the investment
managers, which is set to achieve the overall charity's investment objective.

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 4
TRUSTEES, REPORT
Currency
The base currency of the portfolio should be Sterling. However, there is no restriction on
exposure lo currencies other than the base currency.
Hedging of currency is pern]itted.
Time Horizon
The charity does not have a fixed time horizon. investment managers should aim to produce
sustainable long tern] returns.
Liquidity Needs
The charity has no specific liquidity requirements.
Investment Restrictions
Tl)ere are no investment restrictions.
Ethical Investment Policy
The Trustees do not wish any ethical criteria to be considered in the management of the charity's
investments.
Grant-making policy
The truslees make regular annual donations to a number ot" local charities, additionally
applications are received from individuals and other charities on an ad hoc basis, the trustees
peruse each application and grants are awarded al their discretion.
Public benefit
The truslees have referred to the guidance contained in the Charity Commission's general
guidance on public benefit wlien reviewing the foundation's aims and objectives. An analysis of
the assislance provided is shown in note 4 on page 2.
Revieiv of a¢tivities-a¢hievements and performance
During the year 16 grants (2023.'10) have been made by the foundation totalling £39,500 (2023..
£33,000).
Financial Review
The statement of Financial Activities (SOFA) for the period is set out on page 9.
The foundation's income during the year amounted to £64,983 (2023: £53,190).

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 5
TRUSTEES, REPORT
Resources expended during the year amounted to £65,709 (2023.. £59,451). Grants during the
year amounted to £39,500 (2023: £33,000).
During the year the value of the fimd increased by £297,637 (2023: increase £91,088) to
£3,079,760 (2023: £2,782,123). This occurred as a result of realised gain of £40,211 (2023
realised loss.. £1 1,390) and unrealised gains of £258,152 (2023: unrealised gains £108,739).
Future Plans
The foundation intends to continue with its current investment, management and grant awarding
policies.
Reserves policy
It is the policy of the foundation to maintain unrestricted funds, which are free reserves of the
foundation, at a level that provides sufficient funds to cover grants payable and administration
costs and to respond to emergency applications for grants which arise from time to time.
Risk management
The trustees have examined the major strategic, business and operalional risks which the
foundation faces and confirni that systems have been established to enable regular reports to be
produced so thal the necessary steps can be taken to lessen ihese risks.
Trustees, responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees, Annual Report and ihe financial
statements in accordance with appl icable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the stale of affairs of the foundation and of the
incoming resources and application of resources of the foundation for that period. In preparing
these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently
observe the methods and the principles in the Charities Statement of Recommended
Practice 2015 (FRS102)'
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been t"ollowed, subject to any material
departures disclosed and explained in the financial statements
prepaie the financial statements on a going concern basis unless it is inappropriate to
presume that the foundation will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 6
TRUSTEES, REPORT
any time the financial position of the foundation and enable them to ensure that the financial
statenients comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of
the foundation and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
This report was approved by the Trustees and signed on its behalf..
D H Haslam
Date

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
PAge 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Anthony Nigel Totham
Hayes & Co
Chartered Accountants
I l Dalton Court
Commercial Road
Danven
Lancashire
BB3 ODG
Date

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Pag¢ 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of The Mary Jane Entwistle Charitable
Foundation for the year ended 30 September 2024 which are set out on pages 9 to 12 in this
report.
Respective responsibilities of Trustees and Examiner
The chaTity's trustees are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011. The charity's trustees consideT that an audit is not
required for this year under section 144(2) of the Charities Act 2011 and that an independent
examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act; or
tollow the procedures laid down in the applicable Directions given by the Charity
Commissioners under section 145(5){b) of the 2011 Act. and
state whether particular malters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination iiicludes a review of the accounling records kept by the
Association and a comparison of the accounts presented with those records. It also includes
consideralion of any unusual items or disclosures in the accounts and seeking explanations from
you as Trustees concerning any such matters. The procedures undertaken do not provide all the
evidence ihat would be required in an audit and, consequently, no opinion is given as to whether
the accounts present a 'true and fair view, and the report is limited to those matters set out in the
statement below.
Independent Examiner's statement
I have completed my examination. I can confirn) that no material matters have come to my
attention in connection with the examination which gives me cause to believe that in, any
material respect.,
The accounting records were not kept in accordance with section 130 of the 2011 Act.. or
The accounts did not accord with the accounting records. or
The account did not comply with the applicable requirements concerning the forn] and
content of accounts s¢t out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of the independent examination.

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 9
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 SEPTEMBER 2024
Note
Year ended
30 September
2024
Year ended
30 September
2023
Unrestricted fund
Unrestricted fund
Income
Donations
Investment income
64,983
53,190
Total incoming resources
64,983
53,190
Expenditure
Administration costs
26,209
26,451
Donations
39,500
33,000
Total Resources Expended
65,709
59,451
Net Gains l {losses) on the revaluation
of investments
Realised
40,211
(11,390)
Unrealised
258,152
108,739
298,363
97,349
Net movement in funds
297,637
91,088
Total funds brought forward
2,782,123
2,691,035
Total funds earried forward
3,079,760
2,782,123
All funds are uni"estricted.

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 10
BALANCE SHEET
YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
Investments at Market Value
2,960,373
2,646,436
Current Assets
Bank interest bearing current accounts
120,575
136,527
Current Liabilities
{1,188)
(840)
Accruals
Net assets
3,079,760
2,782,123
Unrestricted Funds
l October 2023
2,782,123
2,691,035
Net movement in funds
297,637
91,088
30 September 2024
3,079,760
2,782,123
The accounts were approved by the Trustees on .>.$. .
Trustee
Trustee

THE MARV JANE ENTWISTLE CHARITABLE FOUNDATION
Pagell
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
l Accounting Policies
Convenlion
The financial statements have been prepared under the historical cost convention as modified
by the inclusion of investments at market value and in accordance with the provisions of
Section IA 'Small Entities. of the Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" They have
been prepared in accordance with tlie Statement of Recommended Practice: Accounting and
Reporting by Charities preparing their accounts in accordance with FRS 102 and the
Charities Act 2011.
The trustees consider that there is no material uncertainties about the Trust's ability to
continue as a going concern.
Investments and Investnteni Income
Investments are included at closing mid-market value at the balance sheet date as provided
by the investment managers, Union Bancaire Privee Limited and Brewin Dolphin Limited.
Gains or losses on disposal and revaluation of investments are charged or credited to the
Statement of Financial Activities. Investment income is accounted for in the period in which
the charity is entitled to receipt.
Resoui'ces Expended
Expenditure is included on an accruals basis.
Grants awaTded are charged in the year the recipient receives the grant. Grants which have
been awarded but have not been paid at the year end are noted as a commitment. but not
accrued as expenditure since grant applicants do not always take up their awards, particularly
where they have obtained alternative funding.
2 Investment income
2024
2023
Income from Investment Managers
64,983
53,190
64,983
53,190
3 Administration Costs
The Charity's administrdtion costs were settled by the Trnstees.
2024
2023
Administration fees
Investment managers, fees
Auditor's and Independent examiners, fees
4,416
20,725
1,068
4,000
21,557
894
26,209
26,451

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 12
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
4 Donations
2024
2023
Individuals
Si Catherine's Hospice
Derian House Childrens, Hospice
The Salvation Anny
Barnado's
Royal Star & Garter
Brindle Si James Church
Alzheimers Society
South Ribble Pensioners Association
The Panathlon Foundation
Strive for Excellence
Rosemere Foundation
All Saints Church
Christian Community Larder
Swimming Together & Recreational Support
Bamber Bridge FC Special Needs Disco
3,000
10,000
6,000
1,000
1,000
1,000
5,000
10,000
6,000
1,000
1,000
1,000
( 1,000)
5,000
5,000
2,000
1,000
1,000
3,000
1,000
3,000
1,000
3,000
1,500
1,000
39,500
33,000
5 Quoted Investments
2024
2023
Movements During the Year
Markel value al l October 2023
2,646,436
2,500,665
Additions
Disposals
Net realised investment gainsl(losses)
Net unrealised investment
ains/
losses
584,573
(568,999)
40,211
258,152
738,235
(689,813)
(11,390)
108,739
Market value at 30 Se
tember 2024
2,960,373
2,646,436
Historical cost ai l October 2023
Additions
Dis
osals
2,610,908
584,573
528,788
2,573,877
738,235
701,204
Historical cost at 30 Se
lember 2024
2,666,693
2,610,908
There is only one investment fund. Part of the portfolio of £2,960,373 is managed by Union
Bancaire Privee (UK) Limited and part by Brewin Dolphin Limited. All investments are listed
investments.

THE MARY JANE ENTWISTLE CHARITABLE FOUNDATION
Page 13
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
6 Movement in funds
Unrestricted fund
2024
2023
General Fund
Balance l October 2023
Income
Expenditure
Revaluation
2,782,123
64,983
(65,709)
298,363
2,691,035
53,190
(59.451)
97,349
Balance 30 September 2024
3,079,760
2,782,123
7 Related Party Transactions
An administration fee shown of £4,200 was paid to DH Haslam, trustee, for various matters
including administration of the Charity and attendance at all meetings with the investment
managers. Expenses ot"£216 were also accrued for the trustees.