The Li Tim-oi Foundation (CIO) TRUSTEES, REPORT and ACCOUNTS for the year ended 30th September 2025
Ll Tlm-01 Foundatlon (CIO) Tru5tees' Report The Trustees present their report wlth the flnancial statements of the charity for the year eftded 30 September 2025. The Trustees have adopted the provision5 of the Statement of Recommended Practice applicable to charities preparln8 thelr accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK IFRS 1021 leffective I" January 20151. REFERENCE AND ADMINISTRATIVE INFORMATION NAME The full name of the charlty Is the Ll TIM-01 FOUNDATION ICIOI. REGISTERED CHARITY NUM8ER The re8lstered number 1$ 1201253 ADDRESS Fllnt House, The Street, Selmeston, East Sussex BN26 6UD TRUSTEES The followin8 trustees Served during the year.. Prolessor Martyn Percy Ichalrl M5 Mandy Marshall (Reslgned 2 April 20261 Rev Tariro Matsveru Ms Jane Namurye Rev Mark Nam BANKERS Barclays Bank plc INDEPENDENT EXAMINER Mr Bryan Steven5 ACA
STRucfuRE. GOVERNANCE AND MANAGEMENT The charity is controlled by its governin8 dotument, a deed of trust, and15 an unincorporated charity. The administration of the charity was carrled out by the part-time Executive Secretary, Ms Stephanle Lewis-Grey. The Treasurer dealt wlth financial administration. There Is no office. and the officers operate from their home addresses. OBJECTIVES AND AcfiviTIES The principal activity of the Foundation remains the advancement of education of women engaged in theological studies or work wlthin the AnglScan Comm¢Jnlon and the support of their mlnistry. The Foundation as a CIO Is a successor charity to Li fim-01 Foundatlon which ha5 been establlshed for thlrty-one years. In that time a total of 787 women had been as51sted by the year end. In 2025 wlth the completlon of the dlstrlbution of funds arlsln8 from the Rlta Tim-oi bequest, the Trustee5 con51dered further economies together with new fund.r3isin8 Inltiatives which will be a multl-year undertaklng. Of necesslty the number of women In receipt of 8rants has reduced Followln8 the year-end, pendlng the results of further fund.ralsln8, the Trustees are estsbllshln8 fellowshlp and scholarshlp pro8rammes Development contSnues of an alumnae programme to asslst the contlnuSn8 mlnlstry of those women the Foundatlon has supported through educatSonal 8rants PUBLIC BENÉFIT The admlnistratlve cost5 of the charlty have been kept as modest as posslble. The grants made in the year enabled the women benefltlng to traln for a variety of occupatlons whlch benefit their communlties particularly Includln8 prlests, evan8ellsts, nurses and doctors. The alumnae programme reveals these women to have a tran5fomilng effect wherever they then serve and that the publlc beneflt Is both clear and In accordan¢e wlth the Foundation's objects. FINANCIAL REVIEW Total grants made in the year were £100.951 with the level of grants to be pald in future year5 continulng under review. The earlier Li Tlm-oi Foundation contlnues in-beln8 to facilitate existing donors but passing the funds to the CIO. For the purp05e5 of ¢omparlng the accounts for 2024-25, note that the previous year for compari50n 12023-241 covered 3 month5 of attivSty as all charitable activitle5, apart from the receipt of some donations, were transferred from the Li Tlm-oi Foundation110278371 on l July 2024 STATEMENT OF TRUSTEES. RE5PON51BILITIES The Trustees are responsible for preparing the Trustees, Report and Account5 in accordance with applicable law and Unlted Klngdom A¢¢ounting Standards (UK Generally Accepted Accounting Practlcel.
The law applicable to charities In England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affalrs of the charity and and of the Incomln8 resources and the application of resource5 of the charity for that period. In preparlng these accounts, the Trustees are required to.. Select Sultable accounting policles and then apply them conslstently. Observe the method5 and principles in the Charitles, SORP. Make judgements and estimates that are reasonable and prudent; and Prepare the accounts on the Boing concern basis unless it is Inappropriate to presume that the charlty wlll continue in operation. The Trustees are responslble for keeplng adequate accountlng records that di5c105e with reasonable accuracy at any tlme the financial posltlon of the charity and to enable them to ensure that the flnan¢lal statement5 comply wlth the CharStles Act 2011, the applScable Charltles (Accounts and ReFKlrtsl Re8ulatlons, and the provlsSons of the Trust deed. They are al responslble for safeguardlng the assets of the charity and taklng reasonable steps for the prevention and detectlon of fraud and other Irre8ularltles. BY ORDER OF THE TRUSTEES Prof Martyn Percy 14 Aprll 2026
REPORT OF THE INDEPENDENT EXAMINER I report to the Trustees on my examination of the accounts of the Li Tim-oi Foundation CIO (the charity) for the year ended 30, September 2025. Respertlve Responslbllltles of Trustees and Exarnlner The charity's Trustees are responsible for the preparation of the accounts. The charitls Trustees consider that an audit is not required for this year under section 144121 of the Charities Att 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the Act,. Follow the procedures laid down in the General Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. and State whether particular matters have come to my attention. Basls of the Independent examlne¢s report My examination was carried out In accordance with the General Dirertions given by the Charlty Commission. An examination includes a review of the a¢counting records kept by the charity and a comparison of the account5 presented with those records. It also includes considerations of any unusual items or disclosures in the accounts and seeklng explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an aLsdit, and consequently no oplnion is given as to whether the accounts present a 'true and fair view, and the report is limited to th05e matters set out in the statements below. Independent examlnerfs ststement In connection with my examination. no matter has come to my attention.. 111 Which gives me reasonable Cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 130 of the 2011 Act- and to prepare account5 which accord with the accounting records and to comply with the accountin8 requirements of the 2011 Act have not been met: or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr 8ryan stevens ACA. Independent Examiner xx July 2026
Li Tim-oi Foundation (CIO) th Statement of Financial Activities for year ended 30 September 2025 2024-25 2023-24 All Unrestrirted INCOME FROM Donations and legacies INote 31 20,995 37,056 Total EXPENDITURE ON Charitable actNities (Note 4) Ic.952 60.941 Other (Note 4) 75,193 36,492 Totsl Net incomelleKpenditurel before investment gains/llossesl 1155,1491 160,3771 Net gains I1105sesl on investments 118 NET INCOME I IEXPENDITUREI 1155.0311 148,0951 RECONCIUATION OF FUNDS T¢>tsl funds brought forward Transferred by Ll Tim-oi Foundation to Lio Tim-oi Foundation CIO 01.07.24 295,076 343,171 TOTAL FUNDS CAf4RIED FORWARD 153,096 295,076
Ll Tim-oi Foundation (CIO) Balance Sheet 30th September 2025 2024-25 2023-24 INVESTMENTS (Note S) 138,498 280,359 CURRENT ASSETS Cash at bank NET CURRENT ASSETS 153 295 076 FUNDS Unrestrlcted funds The Flnancial Statements were approved by the Trustees on 14 Aprll 2026. Prof Martyn Percy {Ch¥lr)
Ll Tim-01 Foundation ICIO) Statement of Cash Flows For the year ended 30th September 2025 2024-25 2023-24 Cash Ilows from operatlng artlvltles 031 Cash ftow from Invesilni actl¥ltles Proceeds I Icostl of investments 155.031 62.784 Net cash flow from Investln8 actlvltles Net cash used In flnanclng actlvltles Net IreaSe/(deCreaSej In cash and cash equl¥alents 1141,980) 12,407) Cash and cash equlvalents at be8lnnlng of year Cash and cash equlvalents at end of year 14,717 The notes on es9tolOf rm art of the e financial statement .7
Li Tim-oi Foundation (CIO) Notes to the Financial Statements I. BASIS OF PREPARAlloN Basls of accountln8 The flnanclal statements of the charity whlch Is a public benefit entity under FRS 102 have been prepared In accordance wlth the Charltles SORP IFRS 1021, The flnanclal statements have been prepared under the hlstorlcal cost conventlon. 2 ACCOUNTING POLICIES Income All Income is reco8nised In the Stotement of Flnanclal Actlvitie5 once the charlty has entltlement to the funds. it Is probable that the income wlll be recelved and the amount can be measured rellably. For leaacles, entitlement Is taken as the eafller of the date on whlch elther the charlty Is aware that probate has been 8ranted, the estate has been flnalised and notlflcatlon has been made by the executors that a dlstribution wlll be made or when a dlstrlbution is received. Receipt of a legacy Is only considered probable when the amount can be measured reliably and the charity has been notlfSed of the executors, intentlon to make a dlstributlon. EJ(pendltur• Llabilltles are recogni5ed as expendlture as soon as there Is a legal or constructive obli8atlon commlttln8 the charlty to that expendlture, It Is probable that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obllgation can be measured reliably. Expendlture is accounted for on on accruals basls and ha5 been ¢lasslfled under headln8S that a88re8ate all costs related to the category. T•x•tlon The charity15 exempt from tax on Its charitable artlvltles. Investments Llsted Snvestments are Included In the Balance Sheet at falr value. The SOFA Includes reallsed galns and losses on Investments sold durlng the year and unrea115ed galns and losses arising on the revaluatSon of Investments at the year end. Fund ac¢ouTrtln8 Unrestricted funds can be used in accordance with the charitable objertlves at the discretion of the trustees. There were no restricted funds held.
- ANALYSIS OF INCOME 2024-25 2023-24 Donations 20.995 37.056
- ANALYSIS OF EXPENDITURE Grants payable IIXI,952 60,941 Transfer to Foundatlon for grants 5,000 Office expenses 196 Adminlstratlon contrart 27,179 11,861 Publlclty, promotlon and events 2,539 1,750 Le8al fees 759 Accountanry Fees 720 ConsultanLry fee5 and other expenses 34,547 18,108 Web development & IT 4,085 3,857
- INVESTMENTS On 30th September 2025 Investments and cash at market valuation of £138,498 were held wlth Rathbone Investment Management Limlted. The Investments held comprise a comblnation of fixed income securltles, UK and overseas equlties and other fund Investments. 6 CONTINGENT LIABILITIES 2024-25 2023-24 Anticlpated Repeat Grants Exi5tin8 Commltments (see note below) 86,156 157,791 io
Grants are only ever paid for one year and repeat grants need approval each year and are subject to satisfactory academic report belng received. li
INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF THE U TIM1 FOUNDATION (CIO) I report to the tru8tees on my examlnakn of tho account8 of tho U T101 Foundatlc (CIO) (th• Foundaik)n) the yéar ended 30 Soptemtxr 2025. R••pon•lblllll•• and bul• ol r•port A8 the ¢haTIty tru8t088 01 the Foundatlon you ar8 re8pon8lbl8 for the prgparatlon of accounts In accord8nc8 wlth the requlrements of th• Charltkn Act 2011 {Ih8 ACY). I report In re8P8Ct of my •x8mlnath)n of ts Foundakn'8 account8 rrIed out und•r •ecUon 145 of the 2011 Act and In carylng out my examlnatlon I have followed all th• appllc•bl• Dkaclb)M gfv•n by tho Charlty Comml••lon under Jectton 145(5)(b) of tho Ind•p•nd•nt •xamln•rf• •tst•m•nl I have completed my examlnadon. l that Th) materw Matt havè C)mo to iry 4tt8nkn In conneckn wlth th8 èxamlnatI Wng me cau88 to bolhv• that kn any mat•rfal r88PeCt: 1. accounting rocord• kept In rn8pect ol th• FouTrja1k 88 requlr•d by 88GOon 130 of Ihe Act; or 2. tho a¢o)unts do not acrd wlth tho r•cord8; or 3. the accounts do not comply wlth the appllGable requlrnments ce8m11va tho fomi and cx>ntent ol accounts aet out In tho CharItN {Account8 and Rapts) R•gul8kn8 2008 oth•r Ihan any requlrnm•nt that th8 acc(wnts glve a Irue and falr vlow whkh lo Mt a motter CmIder9d •8 part ol an Indepond•nt 0Xann•t. •xamlnotkfft to whlch att•nllon 8hould be drawn In th18 rnport In ordor to •nabl• a wop Und•rBthndts of th• acoount• to b• r•ach•d. Namo: B R St•v•n• R•levant wo18881al quallllcthi or m8mber8hlp of pS•k)nal b(Mll88: Chart•r•d Antsnt (ICAEW) Addrus: Wlndover, S•lme8kn, Ea8t Su88ex, BN28 ffry Dato: ?? Trovts