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 I￿reaSe/(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.

3. ANALYSIS OF INCOME
2024-25
2023-24
Donations
20.995
37.056
4. 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
5. 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 TIM￿1 FOUNDATION (CIO)
I report to the tru8tees on my examlnakn of tho account8 of tho U T1￿￿01 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 ac￿rd wlth tho* r•cord8; or
3. the accounts do not comply wlth the appllGable requlrnments c￿e8m11va tho fomi and
cx>ntent ol accounts aet out In tho CharIt￿N {Account8 and Rap￿ts) R•gul8kn8 2008
oth•r Ihan any requlrnm•nt that th8 acc(wnts glve a Irue and falr vlow whkh lo Mt a
motter C￿mIder9d •8 part ol an Indepond•nt 0Xan￿n•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 wo18881￿al quallllcthi or m8mber8hlp of p￿S•k)nal b(Mll88: Chart•r•d
A￿ntsnt (ICAEW)
Addrus: Wlndover, S•lme8kn, Ea8t Su88ex, BN28 ffry
Dato: ?? Trovts