Docusign EnvelopÈ ID". 2E56EC33-CA04-49EO-A382-B45F11583B76
THE OWEN OWEN
TRUST FUND
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2025
CHARITY NUMBER- 233264

Docusign EnvelopÈ ID". 2E56EC33-CA04-49EO-A382-B45F11583B76
THE OWEN OWEN TRUST FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees present their annual report and financial statements of the charity for the year
ended 31 st March 2025.
The financial statements have been prepared in accordance with the a￿o￿ntIng policies set
out in note 1 to the finanGial statements and comply with the Charity's trust deed, the Charities
Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved
following the Statement of Recommended Practice for charities applying FRS 102 rather than
the version ofthe Statement of Recommended Practice which is referred lo in the Regulations
but which has since been withdrawn.
OBJECTIVES AND ACTIVITIES
The Trustees have applied the resources of the Trust for the relief of persons in need who
were employed by any former company in the Owen Owen Limiled group of companies or
are the spouses or dependants of persons who were so employed. This includes consultant
and concession staff formerly working within the Owen Owen group stores.
Grant Making Policy
The Trust has established its grant making policy to achieve its objects for public benefiL
Grants are made against a scale of cash payments based on age and length of service,
subject to the over-riding criteria of financial need. All grants remain discretionary and subject
to annual review.
Details of grants made in the year are shown in note 3 to the financial statements.
Public Benefit
In planning the Trust's grant making the Trustees have given consideration to the Charity
Commission guidance on public benefit.
Achievements and Performance
The investments are managed by Rathbones incorporating Investec Wealth and Investment
(UK) {Rathbonesl on a discretionary basis, subject lo agreed parameters and restrictions,
with the aim of a 'balan¢ed' return be￿een income and capital accepting a medium degree
of risk.
Financial Review
At the year end the value of the fund was £1,963,56012024: £2,117,399). The value of the
fund decreased by £153,83912024: decrease by £87,932) during the year resulting from a
net outflow of £158,881 (2024.. £196,471 outflow) from the normal activities of the Trust,. and
a net gain on investment assets of £5,042 (2024.. £108,539 net gain) reflecting net realised
and unrealised gains and losses during the year.

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THE OWEN OWEN TRUST FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025
Investment Policy and Powers
There are no restrictions on the charity's powers to invest. The investment strategy is set by
the Trustees and lakes account of current demand for fun(Js and an assessment ofexpected
future need (see also ReseNes). The investment policy and strategy are reviewed with the
Investment Manager at regular intervals. The current statement of Investment Principles was
approved by the Trustees on 17th November 2020.
The Trustees are aware that the funding requirement required from the investments is above
what could be generated by income alone. They have therefore adopted a "total retum"
approach to the portfolio, looking to generate returns from a mixture of income and capital.
The objective is to achieve a total return of at least 0.50/0 above the benchmark per annum
over a rolling 3-year period.
Risk Management
The main risks, to which the charity is exposed. as identified by the Trustees, have been
Gonsidered and systems have been established to mitigate those risks. The Trustees accept
that the attainment of the long-term investment objectives requires the acceptance of a level
of inveslment risk. The risk manifests itself primarily in the fluctualion of the capital value and
the risk of loss of value periodically.
Reserves Pollcy
The Trustees have considered the needs of current and potential future beneficiaries. The
objects of the charity are such that need is expecled to reduce over time, in terms of
beneficiary numbers. Over recent years, therefore. the Trustees, policy has been to distribute
all income and to accept revenue deficits.
Plans for the Future
The Trustees intend to continue grant making on the existing principles with ongoing revenue
deficits leading to a gradual depletion of funds.
structure, Governance and Management
The Trust was established by a Trust Deed dated 15th January 1900 made by the late Mr
Owen Owen as subsequently amended.
The Trust is a registered charity under the Charities Act 1960.
Organisation, Management and Delegatlon
The Trust employs two staff, on a part time basis, in the day-to-day running and management
of its grant making activilies.
The Trustees meet quarterly to review the Trust's performance, its financial position and its
investments.
The Trustees, in their power, have delegated the management of the investments to
independent professional investmenl managers and the administration of grant-making and
accountancy to LCVS.

Docusign EnvelopÈ ID". 2E56EC33-CA04-49EO-A382-B45F11583B76
THE OWEN OWEN TRUST FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025
Recruitment and Appointment of New Trustees
Having considered relevant skills and geographical requirements, potential new Trustees are
approached by the existing members of the board and then appointed by election at a
meeting of the board of Trustees. The board is also responsible for induction and training of
the new Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
The Owen Owen Trust Fund
233264
Name
Charity number
Principal Office
3.27 Merchants Courl
2-12 Lord Street
Liverpool
L2 1TS
During the year under Review, the trustees were as follow
Mr J S Barker
Miss K M Eggleton
Mr L Foster
Mrs A Gibbon
Mrs R Lo¢hrel-Owen
Mrs S A Mitchell
Miss E A Stewardson
MrA G Turner
Mr R Warren
Trustees
{Deceased 1 sl October 2024)
Trust Manager
Accountants
Mrs K Sloss
LCVS
151 Dale Street
Liverpool
L2 2AH
Independent Examiner
Mr Tony Stanley ACA
Mitchell Charlesworth
Suites C, D, E & F
The Plaza
100 Old Hall Street
Liverpool
L3 9QJ
Rathbones incorporating Inveslec Wealth & Investment (UK)
Port of Liverpool Building
Pier Head
Liverpool
L31NW
Inveslment Manager

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THE OWEN OWEN TRUST FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees are responsible for preparing a Trustees, annual report and financial statements
in accordan￿ with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare
financial statements for each year which give a true and fair view of the slate of affairs of the
charity and of the incoming resources and application of resources, of the charity for that
period.
In preparing the financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
bserve the methods and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
• state whether applicable accounting standards have been followed, subject lo any material
departures that must be disclosed and explained in the financial statements.,
prepare the financial Statements on the going concern basis unless it is inappropriate to
presume that the charity will conlinue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the ¢harity and to enable them to
ensure that the financial stalements comply with the Charities AGt 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They
are also responsible for safeguarding the assets of Ihe charity and taking reasonable steps
for Ihe prevenlion and detection of fraud and other irregularities.
Signed on behalf of the Trustees
ark
r - Trustee
K M Eggleton- Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE OWEN OWEN TRUST FUND
I report to Ihe trustees on my examination of the accounts of The Owen Owen Trust Fund for the
year ended 3151 March 2025.
This report is made solely to the charity's trustees, as a body, in accordance with Sèction 145 of
the Charities Act 2011. My examination has been undertaken so that I might state to the charity's
trustees those matters l am required to stale lo Ihem in an Independent Examiner's report and
for no other purpose. To the fullest extent permitted by law, I do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body, for my
examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustées 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 charity's accounts as carried out under section 145
of the 2011 Act and in Garrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(51(bl of the Act.
Independent examiner's statement
Your attention is dra)Nn to the fact that the charity has prepared accounts in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the
Accounting and Reporting by Charities.. Statement of Recomtnended Practice issued on 1 April
2005 which is referred lo in the extanl regulations but has now been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view in
accordance with Generally Accepted Accounting Practic8 effective for reporting periods
beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come lo my attention in
connection with the examination giving me cause lo beliève that in any material respect..
accounting records were not kept in respect of the charity 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 fairf 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
acGOU
￿*b￿reaChed.
38FATrWD229f
Mr Tony Stanley ACA
Mitchell Charlesworth
Suites C, D, E & F
The Plaza
100 Old Hall Street
Liverpool
L3 gQJ
01 October 2025
Dated:

Docusign EnvelopÈ ID". 2E56EC33-CA04-49EO-A382-B45F11583B76
THE OWEN OWEN TRUST FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
Unrestricted Unrestricted
Funds
Funds
2025
2024
Income from:
Investments
Notes
85,105
83,911
Total income
85,105
83,911
Expenditure on:
Raising funds
Charitable activities
16,985
227,001
17,355
263,027
Totsl expenditure
243,986
280,382
Net expenditure
(158,881)
1196,471
Net gain on investments
5,042
108,539
Net movoment in funds
(153,839)
(87,932)
Reconciliation of funds..
Total funds brought
fonmard
2,117,399
2,205,331
Totsl funds carrled
lo￿ard
1,963,560
2,117,399
The notes on pages 9 to 15 form part of these accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.

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THE OWEN OWEN TRUST FUND
BALANCE SHEET AT 31ST MARCH 2025
31st March 2025
315t March 2024
Fixed assets
Investments
Notes
1,940,368
2,102,040
Current assets
Debtors
Bank & Cash balances
1,846
28,865
215
28,451
30,711
28,666
Current liabilities
Creditors
(7,519)
(13,307)
Net current assets
23,192
15,359
Net assets
1,963,560
2,117,399
The funds of the charity:
Unrestricted funds
Capital Funds
Income Funds
23,192
1,940,368
15,359
2,102,040
1,963,560
2,117,399
Approved and authorised for issue by tho Trustees and Signed on their behalf by
J SBar
r- Trustee
K M Eggleton - Trustee
Dated: ..
-)

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Charity information
The Owen Owen Trust Fund is a registered charity governed by a Deed of Settlement. The
principal address is 3.27 Merchants Court, 2-12 Lord Street, Liverpool L2 1 TS.
Basls of Accounting
The accounts have been prepared under the historical cost convenlion with items
recognised at cost or transaction value unless othenmise stated in the relevant notels) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practi￿.. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS102) (SORP 2019) and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act 2011.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved
following the Statement of Recommended Practice for charities applying FRS 102 rather
than Ihe version of the Statement of Recommended Practice which is referred to in the
Regulations but which has since been withdrawn.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity-
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have reasonable expectations that the
charity has adequate reseNes to continue in operational existence for the foreseeable
future. Thus the Trustees continue to adopt the going concern basis of accounting in
preparing the accounts.
Investments
Investments held as fixed assets, in accordance with SORP 2019, are stated and included
in the balance sheet at their market value at the year end or at the valuation date nearest
to the year end. UK listed securities and foreign securities quoted on a recognised stock
exchange are stated at market values ruling at the year end. Investments denominated in
foreign currencies are translated using the sterling rate of exchange ruling at the year end.
Unit Trust and managed fund investments are stated at the average of the bid and offer
prices quoted by the Trust's managers nearest to the year end.
Investments are valued at the mid-market pri￿ on the valuation date. The Slatement of
Financial Activities includes unrealised gains and losses arising from the revaluation of the
investment portfolio. The trustees consider that the cash held as part of Ihe portfolio to be
cash at bank, and it is included in the balances at bank.

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
Fund accountlng
Unrestricted funds are Considered 'free' reserves and are available for use or retention al
the discretion of the Trustees, in accordance with the charity's objectives. Free reseNes
are undesignated funds available for the furtherance of the general objectives of the charity.
Income recognitlon
Income from investments comprises dividend income and interesl and are accounted for
when received in the financial year.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure, it is probable that settlement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governanGe cosls, are allocated or apportioned to the applicable expenditure headings in
Ihe statement of financial activities.
Raising funds costs relate to expenses incurred in the management of the investment
assels. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt wilh in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to compliance with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposit5 held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Fixed Assets
The threshold for capitalising a fixed asset is £5,000.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instrumenls,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial
statements, when there is a legally enforceable right to set offthe recognised amounts and
there is an intention to settle on a net basis or to realise Ihe asset and settle Ihe liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost usir7g the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
io

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
receipts discounted at a market rale of interest. Financial assets classified as receivable
within one year are not amortised.
Baslc financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price
unless the arrangement conslitutes a financing transaction, where the debt instrument is
measured atthe present value of the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amorlised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or
are discharged or cancelled.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the
employee's Se￿iceS are received if material.
If they occur termination benefits are recognised immediately as an expense when the
charity is demonstrably committed to terminate the employment of an employee or to
provide termination benefits.
A defined contribution pension scheme was set up in October 2018.
Taxatlon
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not liable to corporation tax on income or gains falling within those exemptions. Partial
recovery is made of tax credits on UK dividend income. The charity is not able to recover
Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
Critical Accounting Estimates And Judgements
In the application of the charity's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates a￿ recognised in the period in which the estimate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
There are no critical accounting estimates or judgements within these accounts.
2. Income from Investments:
2025
2024
Dividends and interest
85,105 83,911
li

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 ST MARCH 2025
3. Expenditure on charitable activilies:
Direct Support &
Charitable Govornance
Expenditure
Costs
Total
2025
Total
2024
To make grants for charitable
purposes
142,400
84,601 227,001 263,027
a. Analysed as follows:
2025
2024
Direct charitable expenditure..
Grants - existing recipients
Grant distribution charges
134,400
8.000
172,215
8,000
142,400
180,215
2025
2024
Support & Governance costs..
Staff salaries cost5
Pension
Volunteer visitors
Visitors, expenses
Tea parties and flowers
Travel expenses
Postage
Stationery
Sundry expenses
Computer maintenance and support
Office rent and service fee
Rates
Room Hire
Office Costs
Relocation Costs
Telephone and internet
Bank charges
Trustees meeting costs
Insurance
Payroll fees
AccoL¢ntancy
Independent examination
44,770
1,343
6,500
66
3,917
43,270
1,298
7,850
400
4,784
165
2,196
103
1,762
7,879
222
260
343
25
640
101
267
944
500
10,000
2,598
1,055
1,376
85
1,722
5,433
18
795
60
512
1,123
500
10,000
2,520
84,601
82,812
Total expenditure on charitable
activities
227,001
263,027
12

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
Volunteer visitors, who make periodic contact with grant recipients to check on their well-
being, received honoraria payments.
Insuran￿ has been purchased to protect both the Trust and its Trustees against claims
for losses arising from neglect or default by the Trustees, employees or agents. The total
cosl of this insurance was £640 (2024: £580).
b. Staff Costs and Trustees Remuneration
2025
2024
Salaries
Pension
44,770
1.343
43,270
1,298
46.113
44,568
The average number of employees during the year was as follows:
2025
2024
Charitable activities
During the year, out of pocket expenses were reimbursed to Trustees amounting to £72
(2024.. £52).
A defined contribution pension scheme was set up in October 2016. The employerfs
contribution to 315t March 2025 was £1,343 (2024.. £1,298}
There are no employees with emoluments over £60,000 p.a.12024'. none).
None of the Trustees (or any person connected with them) received any remuneration
during the year12024= none).
4. Fixed Asset Investments
Throughout the accounting period the assets of the fund were managed by Rathbones
in accordance with the following permitted ranges..
Fixed interest
Equities {overseas max 40 %)
Properly
Alternatives
Cash
42.501. of portfr)lio
82.5 % of portfolio
15/0
of porlfolio
150
of portfolio
250/
of portfolio
Without the prior approval of the Trustees no inilial investment should exceed 50k of the
total valL5e of the funds under management and the total sum of all equity holdings in
excess of 50h must not be equal to or exceed 40./0 of the funds value at any time. No
investment is to be held in derivatives.
42.5
Investmenls are listed on a recognised stock exchange, including investment Trusts.
13

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31$T MARCH 2025
2025
2024
Investments assets in the UK
Market value at 1 St April 2024
Disposal proceeds
Acquisitions at cost
Realised (Losses)Igains on investment
assets
Unrealised gain5 on investment assets
2,102,040 2,154,796
1203,368} (493,435>
36,654
332,140
{4,349>
38,519
9,391
70,020
Market Value at 31st March 2025
1,940,368 2,102,040
Book Value at 318t March 2025
1,705,305 1,876,367
Custodian Arrangements
All assets are held by Rathbones custodian, Ferlim Nominees. The custodian is regulated
by the FCA. Should the Gustodian or Rathbones become insolvent, assets are ring-fenced
and would not be impacted by the insolvency.
5. Financial Instruments
2025
2024
Carrying amount of financial assels..
Debt inslruments measured at cost
Equity instruments measured at fair
value through income and expenditure
28,865
1,940,368
28,451
2,102,040
1,969,233 2,130,491
Carrying amounl of financial liabilities..
Measured at cost
7,519
13,307
6. Debtors
2025
2024
Prepayments
other Debtors
1,762
84
215
1,846
215
7. Creditors
2025
2024
Accruals
7,519
13,307
14

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THE OWEN OWEN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
8. Unrestricted Funds
Unrestricted funds are expendable at the discretion of the Trustees in furtheran￿ of the
Trust's objectives.
9. Related Party Transactions
There were no related party transactions in the year.
10. Operatlng Lease Commltments
Financial commitments under non-cancellable operating leases will result in the following
payments falling due at 3151 March 2025
2025
2024
Within one year
Due 1 to 2 years
Due 2- 5 years
8,202
8,202
3,945
Total
20,349
15

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