REGISTERED CHARITY NUMBER: 1088405
Report of the Trustees and Unaudited Financial Statements
for the Year Ended 30th September 2025
for The Mary Jane Entwistle Charitable Foundation
Robin Oatridge & Co Limited Chartered Certified Accountants Black Bull House 353-355 Station Road Bamber Bridge Preston Lancashire PRS 6EE
aae ee SS SS
The Mary Jane Entwistle Charitable Foundation
Contents of the Financial Statements for the year ended 30th September 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report ofthe Trustees | 2 to 5 |
| Independent Examiner’sReport | 6 |
| Statement ofFinancial Activities | 7 |
| Balance Sheet | 8 |
| NotestotheFinancialStatements | 9to11 |
The Mary Jane Entwistle Charitable Foundation
Reference and Administrative Details for the year ended 30th September 2025
TRUSTEES P Entwistle D H Haslam L Entwistle (appointed 14th April 2026) A Jones (appointed 14th April 2026) PRINCIPAL ADDRESS 86 Old Hall Drive Bamber Bridge Preston Lancashire PRS 6FX REGISTERED CHARITY NUMBER 1088405 INDEPENDENT EXAMINER Robin Oatridge & Co Limited Chartered Certified Accountants Black Bull House 353-355 Station Road Bamber Bridge Preston Lancashire PRS 6EE BANKERS Barclays Bank ple 38 Fishergate Preston Lancashire PR1 2DD INVESTMENT MANAGERS Union Bancaire Privee (UK) Limited One Bank Street Canary Wharf London E14 4SG Brewin Dolphin Ltd 16 St Helen’s Place London EC3A 6DE
Page 1
i
i a a a ee ee
The Mary Jane Entwistle Charitable
Foundation
Report of the Trustees for the year ended 30th September 2025
The trustees present their report with the financial statements of the charity for the year ended 30th September 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
Constitutions 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 determined by the deed of settlement. The trust provides assistance throughout the area from South Ribble to Chorley North, but special needs elsewhere can be considered. Its aims are to provide for the benefit of persons underprivileged and needy and where state benefits are not available.
The trustees generally meet on a quarterly basis to address the business of the foundation. The secretary handles the day to day running of the foundation.
Trustees and appointments of new trustees
The trustees who have served during the year are set out on page 1 and were appointed in accordance with the deed settlement.
Trustees are appointed for life; 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 activities for which grants are sought.
INVESTMENT POLICY
Background and Financial Objectives
The Mary Jane Entwistle Charitable Foundation (Registered Charity No. 1088405) was established on 6th 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 former employees of Golden Glow Nut Food Company Limited and such other person who the Trustees in their absolute discretion determine 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, education/training, the advancement of health or saving of lives and the prevention of relief of poverty through grants to both individual and other charities or voluntary bodies.
The charity’s total assets are £3,289,330 of which the majority is appointed in equal shares to two discretionary investment managers. The balance is held in cash.
Investment Powers
The Trustees jointly liaise with the appointed discretionary investment managers and review their performance against industry benchmarks.
Page 2
The Mary Jane Entwistle Charitable
Foundation
Report of the Trustees for the year ended 30th September 2025
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 term, 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 of 1.5% of the value of the investment portfolio.
To produce a sustainable regular income whilst 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 perpetuity. Grants are generally one-off awards and the number and value of these may vary depending on circumstances.
Inflation is a key risk to the long-term sustainability of the charity’s grant making. The Trustees understand that this is likely to mean that investments 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 not have a specific income target.
Available for Investment
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, property, 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.
Currency
The base currency of the portfolio should be Sterling. However, these is no restriction on exposure to currencies other than the base currency.
Hedging of currency is permitted.
Time Horizon
The charity does not have a fixed time horizon; investment managers should aim to produce sustainable long term returns.
Liquidity Needs
The charity has no specific liquidity requirements.
Investment Restrictions
There are no investment restrictions.
Page 3
ieeee ee eS
The Mary Jane Entwistle Charitable Foundation
Report of the Trustees for the year ended 30th September 2025
Ethical Investment Policy
The Trustees do not wish any ethical criteria to be considered in the management of the charity’s investments.
Grantmaking Policy
The trustees make regular annual donations to a number of 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 at their discretion.
Public Benefit
The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the foundation’s aims and objectives. An analysis of the assistance provided is shown in note 4 on page 10.
Review of activities - Achievements and Performance
During the year 19 grants (2024: 16) have been made by the foundation totaling £48,000 (2024: £39,500).
Financial Review
The statement of Financial Activities (SOFA) for the period is set out on page 7.
The foundation’s income during the year amounted to £59,396 (2024: £64,983).
Resources expended during the year amounted to £81,374 (2024: £65,709). Grants during the year amounted to £48,000 (2024: £39,500).
During the year the value of the fund increased by £209,540 (2024: £297,637) to £3,289,330 (2024: £3,079,760). This occurred as a result of realised gains of £103,560 (2024: £40,211) and unrealised gains of £127,988 (2024: £258,152).
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 operational risks which the foundation faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Page 4
The Mary Jane Entwistle Charitable Foundation
Report of the Trustees for the year ended 30th September 2025
TRUSTEES’ RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity 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 the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. 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.
Approved by order of the board of trustees on. ES... AQ, BHNO and signed on its behalf by:
D H Haslam — Trustee
Page 5
ieeeg a i
Independent Examiner’s Report to the Trustees of The Mary Jane Entwistle Charitable
Foundation
Independent examiner’s report to the trustees of The Mary Jane Entwistle Charitable Foundation
I report to the charity trustees on my examination of the accounts of The Mary Jane Entwistle Charitable Foundation (the Trust) for the year ended 30" September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Association and a comparison of the accounts presented with those records. It also includes consideration 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 that 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 confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2: the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 an independent examination.
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.
Paul Woodburn FCCA
Robin Oatridge & Co
Limited Chartered Certified Accountants Black Bull House 353-355 Station Road Bamber Bridge Preston Lancas hire PRS 6EE | Uu Date: Sieh RE ash
Page 6
The Mary Jane Entwistle Charitable Foundation
Statement of Financial Activities
for the year ended 30th September 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted fund |
Unrestricted fund |
||
| Notes | £ | £ | |
| Income | |||
| Donations | |||
| Investment income | 2: | 59,396 | 64,983 |
| Total incomingresources | 59,396 | 64,983 | |
| Expenditure | |||
| Administration costs | 3 | 33,374 | 26,209 |
| Donations | 4 | 48.000 | 39,500 |
| Total Resources Expended | 81,374 | 65,709 | |
| Net Gains/(losses) on the revaluation ofinvestments | |||
| Realised | 103,560 | 40,211 | |
| Unrealised | 127,988 | 258,152 | |
| 231,548 | 298,363 | ||
| Net movement in funds | 209,570 | 297,637 | |
| Total funds brought forward | 3.079.760 | 2,782,123 | |
| Totalfundscarriedforward | 3,289,330 | 3,079,760 |
Allfunds are unrestricted.
Page 7
Ge one lap ay a nen cn a en
The Mary Jane Entwistle Charitable Foundation
| Balance Sheet | |||
|---|---|---|---|
| 30th September 2025 | |||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Investments at MarketValue | 5 | 3,187,429 | 2,960,373 |
| Current Assets | |||
| Bank interest bearing current accounts | 107,956 | 120,575 | |
| Current Liabilities | |||
| Accruals | (6,055) | (1,188) | |
| NetAssets | 3,289,330 | 3,079,760 | |
| Unrestricted Funds | |||
| 1 October2024 | 3,079,760 | 2,782,123 | |
| Netmovement in funds | 209,570 | 297,637 | |
| 30September2025 | 6 | 3,289,330 | 3,079,760 |
The financial statements were approved by the Board of Trustees and authorised for issue on RR. BON, Do2!0 | and were signed on its behalf by:
DS Worse——
D H Haslam- Trustee
P Entwistle — Trustee
Page 8
The Mary Jane Entwistle Charitable Foundation
Notes to the Financial Statements
for the year ended 30th September 2025
- Accounting Policies
Basis of preparing the financial statements
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 1A ‘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 the 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 investment 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.
Resources expended
Expenditure is included on an accruals basis.
Grants awarded 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
| Investment income | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Income from Investment Managers | 59,396 | 64,983 |
| 39,396 | 64,983 | |
| Administration Costs | ||
| The Charity’s administration costs were settledby the Trustees. | ||
| 2025 | 2024 | |
| £ | £ | |
| Administration fees | 4,580 | 4,416 |
| Investmentmanagers’ fees | 27,822 | 20,725 |
| Auditor’s and Independent examiners’ fees | _972 | 1,068 |
| 33,374 | 26,209 |
3. Administration Costs
----- Start of picture text -----
Page 9
----- End of picture text -----
ape ee
ee ee
The Mary Jane Entwistle Charitable Foundation
Notes to the Financial Statements — continued
for the year ended 30th September 2025
4. Donations
| 4. | Donations | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Individuals | 3,000 | 3,000 | |
| St Catherine’s Hospice | 10,000 | 10,000 | |
| Derian House Childrens’ Hospice | 3,000 | 6,000 | |
| The SalvationArmy | 1,000 | 1,000 | |
| Barnardo’s | 1,000 | 1,000 | |
| Royal Star& Garter | 1,000 | 1,000 | |
| Alzheimers Society | 5,000 | 5,000 | |
| South Ribble PensionersAssociation | 5,000 | 2,000 | |
| The Panathlon Foundation | - | 1,000 | |
| Strive for Excellence | 1,000 | 1,000 | |
| Rosemere Foundation | 3,000 | 3,000 | |
| Christian Community Larder | 5,000 | 3,000 | |
| Swimming Together& Recreational Support | - | 1,500 | |
| Bamber Bridge FC SpecialNeeds Disco | - | 1,000 | |
| TenderNursing Care | 3,000 | - | |
| Tippytoes | 2,000 | - | |
| New Day Church Food Hub | 3,000 | - | |
| Sailability | 1,000 | - | |
| Higher Walton Bowling Club Seniors Section | 1,000 | - | |
| 48,000 | 39,500 | ||
| 5. | Quoted Investments | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Movements During theYear | |||
| Market value at 1 October 2024 | 2,960,373 | 2,646,436 | |
| Additions | 970,543 | 584,573 | |
| Disposals | (975,035) | (568,999) | |
| Netrealised investment gains/(losses) | 103,560 | 40,211 | |
| Net unrealised investment gains/(losses) | 127,988 | 258,152 | |
| Market value at30 September2025 | 3,187,429 | 2,960,373 | |
| Historical cost at 1 October 2024 |
2,666,693 | 2,610,908 | |
| Additions | 970,543 | 584,573 | |
| Disposals | 871,474 | 528.788 | |
| Historicalcostat30September2025 | 2,765,762 | 2,666,693 |
There is only one investment fund. Part of the portfolio of £3,187,429 is managed by Union Bancaire Privee (UK) Limited and part by Brewin Dolphin Limited. All investments are listed investments.
Page 10
The Mary Jane Entwistle Charitable Foundation
Notes to the Financial Statements — continued
for the year ended 30th September 2025
6. Movement in funds
Unrestricted fund
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|General|fund|
|Balance|1|October|2024|3,079,760|2,782,123|
|Income|59,396|64,983|
|Expenditure|(81,374)|(65,709)|
|Revaluation|231,548|298,363|
|Balance|30|September 2025|3,289,330|3,079,760|
----- End of picture text -----
7, Related Party Transactions
An administration fee shown of £4,250 (24: £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 of £330 (2024: £216), were also paid to the trustees.
Page 11