Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL
TRUST
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5TH APRIL 2024
CHARITY NUMBER- 270104

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 5TH APRIL 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 5th April 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the financial statements and comply wilh the charity's trust deed, the Charities
Act 2011 and 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)
OBJECTIVES AND ACTIVITIES
The Trust has been established to make grants for charitable purposes. Grants are made
only to registered charities known to the Trustees and unsolicited applications are therefore
nol considered. The Trust is administered by its corporate Trustee, Liverpool Charity and
Voluntary Services.
Public Benefit:
In planning the Trust's grant making activities the Trustees have given consideration to the
Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
The investments have been monitored throughout the year by the Investment Managers, with
performance being reviewed by the Trustees at regular intervals.
FINANCIAL REVIEW
Investment income totalling £45,061 (2023: £40.887) was received in the year. This funded
grants of £40,000 (2023.. £52,500) to charitable organisations. At 5th April 2024 capital
investments were valued at £960,186 (2023.. £904,008).
Reserves Policy:
The Trustees are managing the reserves to balance the needs of current and future
beneficiaries. It is not anticipated that the needs of beneficiaries will diminish over time.
Risk Management:
The main risks, to which the charity is exposed, as identified by the Trustees, have been
considered and systems have been estab5ished to mitigate those risks.
Investment Policy and Powers:
The trustees have the power of investment as conferred by the Trustee Act 2000. The
investment strategy is set by the trustees and takes account of recenl demands for funds and
an assessment of expected future needs (see Reserves Policy). The investment policy and
strategy are reviewed with the investment managers at regular intervals. The investment
objective is to maintain, overall, the real value of capital and income.

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEIVIORIAL TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024
Plans for the Future:
The objectives of the trust remain unchanged for the future,. the intention is to continue
managing the funds on a consistent basis and distributing income as grants to those
organisations in financial need.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The J A Shone Memorial Trust is a registered charity, number 270104. It was established by
Trust Deed dated 251h March 1974.
Organi5ation, Management and Delegation:
The Trust Deed permits the spending of capital., the Trustees have, however, agreed to retain
the caprtal for the time being and to invest it to produce income to make grants.
Recruitment and Appointment of New Trustees:
New Trustees are selected, by the existing Board of Trustees, in accordance with their skills
and experience. The Board is also responsible for the induction and training of the new
Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Charity number
Principal Office
The J A Shone Memorial Trust
270104
LCVS
151 Dale Street
Liverpool
L2 2AH
Liverpool Charity and Voluntary Services (LCVS), a corporate
trustee, which is incorporated under the Companies Act as a
company limited by guarantee without share capital as
company number 181759, a registered charity, number
223485, and a charitable Trust Corporation. LCVS trustees,
who are also its directors. were as follows during the year.
E J Crowe
S A Moore
A W Shone
J D W Stileman
Trustees
Trustees
{Appointed 11 May 2023)
LCVS Chair
Sonia Bassey MBE
Mike Thomas
LCVS Treasurer

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE IVIEMORIAL TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024
LCVS Trustees
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Ken Perry
John Price
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
Neil John Sturmey
Mike Thomas
Secretary
Independent Examiner
Helen Rotheram
(Appointed 9th May 2023)
Paula Sanchez ACCA
Score Lane
Liverpool. L16 5EF
Investec Wealth & Investment
100 Old Hall Street, Liverpool, L3 9AB
Investment Manager
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).S The law applicable to charities
in England and Wales requires the charity trustees to prepare financial statements for each
year which give a trLAe 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.,
observe 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 to 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 continue in business.
The trustees are responsible for keeping proper accounting records that disclose wrth
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial slatements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports} Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevention and detection of fraud and other irregularities.
by
rustees and signed on their behalf by
So-L*-Z4-
Anthony W
rustee

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
THE J A SHONE MEMORIAL TRUST
I report to the truslee on my examination of the accounts of The J A Shone memorial Trust
('the charity,) for the year to 51h April 2024, which are set out on pages 6 to 12.
Responsibilities and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under section 145
of Ihe 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not Cover all the matters that an auditor considers
in giving their opinion on the accounts. The planning and conduct of an audit goes beyond
the limited assurance that an independent examination can provide. Consequently, l express
no opinion as to whether the accounts present a 'true and fair view, and my report is limited
to those specific matters set out in the independent examiner's statement.
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 reasonable cause to believe that in
any material respect..
accounting records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the fomi
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.
Slgfi•d by..
Name.. Paula Sanchez
Name of applicable listed body- As
Relevant professional qualification or body= ACCA
f Chartered Certified Accountants
9/3012024
Date:......................................

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Total
2024
Total
2023
Income from:
Investments
Notes
45,061
45,061
40,887
Total income
45,061
45,061
40,887
Expenditure on:
Charitable activities
41,278
41,278
53,500
Total expenditure
41,278
41,278
53,500
Net (expenditure)Iincome
3,783
3.783
112,613)
Net gainsl(losses) on
investment
56,178
56,178
(47,694)
Net movement in funds
3,783
56,178
59,961
160,307)
Reconciliation of funds..
Total funds brought
forward
(472)
904,008
903,536
963,843
Total funds carried
foN4ard
3,311
960,186
963,497
903,536
The notes on pages 8 to 12 form part of these accounts.
The net movement in the funds in the year is derived from the continuing activity o* the
charity.

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE WIEMORIAL TRUST
BALANCE SHEET AS AT 5TH APRIL 2024
5th April 2024
5th April 2023
Fixed assets
Investments
Notes
960,186
904,008
Current assets
Debtors
Cash balances
4,311
876
4,311
876
Current liabilities
Creditors
(1,000)
(1,348)
Not current assets
3,311
{472)
Net assets
963,497
903,536
The funds of the charity.
Unrestricted funds
Capital funds
Income funds
960,186
3,311
904,008
(472}
963,497
903,536
Approved and authorised for issue by the Trustees and signed on their behalf by
Anthony W S
Trustee

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared in accordance with the Statement of
Recommended Practice= 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 Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(sl to
these accounts.
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 I not lo prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the trustee has reasonable expectation that the
charity has adequate reserves to continue in operational existence for the foreseeable
future. Thus the trustee Gontinues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practi￿. Accounting and Reporting by
Charities (SORP 2019}, investments held as fixed assets are stated at fair value. Realised
and unrealised gains and losses are dealt with as movements on the Capital Fund.
Investments are valued at the mid-market price on the valuation date.
Fund accounting
Unrestricted funds are considered 'fvee' reserves and are available for use or retenlion at
the discretion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignated funds available forthe furtherance ofthe general objectives of the charity.
Income recognition
Income from investments Gomprises dividend income and interest and are accounted for
when re￿iVed in the financial year. Donations are recognised at the earlier of notification
or date of receipt, in the case ofthe third-party donations and legacy income when received
by the organisation.
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
governance costs, are allocated or apportioned to the applicable expenditure headings in
the statement of financial activities.

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Raising funds costs relate to expenses incurred in the management of Ihe investment
assets. Charitable activities include grant funding, along with associated Support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to compliance with
constitulional 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, deposits held at call wilh banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recogni5ed amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial asset5, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using Ihe effective interest method unless the arrangement constitutes a
financing transaction, wheie the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the 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 amortised 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.

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE IVIEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Taxation
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 reqLAired 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 are 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.
2. Income and endowments from:
Income
Funds
2024
Capital Total
Funds
2024 2024
Totsl
2023
Investments
Investments quoted
Investments unquoted
20,973
24,088
20,973 19,362
24.088 21,525
45,061
45,061 40,887
3. Expenditure on charitable activities:
Direct Support& Totsl Total
Charitable Governance
2024 2023
Expenditure
Costs
To make grants for charitable
purposes.
40,500
778 41,278 53,500
10

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Analysed as follows:
2024
2023
Direct charitable expenditure."
Grant funding
Grant making administration costs -
LCVS
40,000
52,500
500
500
40,500
53,000
2024
2023
Support & Govemance costs..
Trustees expenses
Administration - LCVS
Independent examination fee
278
250
250
250
250
778
500
Total expenditure on charitable
activities
41,278
53,500
Out of pocket travel or meeting expenses of £278 (2023.. £nil) were reimbursed to
three trustees in the year (2023.. nil)
The following grants were made during the year..
Grants of £1,000 and over
Anglican International Development
Compass
Feeding Liverpool
Florrie
Royal Liverpool Philharmonic Society
St James in the City Youth
stand By Me (Janes Homel
Whitechapel
Wirral Hospice
Wirral Youth Zone (The Hive)
3,000
5,000
3,000
5,000
3,000
5,000
5,000
3,000
3,000
5,000
40,000
Other grants
Total grants
40,000
li

Docusign EnvelopÈ ID". 550A3A37-544047E3-AF12-ED8EF073374C
THE J A SHONE IVIEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
4. Fixed Asset Investments
2024
2023
Quoted Investments:
Market value al 61h April 2023
Unrealised gains/{losses) on
investment assets
904,008
56,178
951,702
(47,694)
Market Value at 5th April 2024
960.186
904,008
Book Value at 5th April 2024
414,491
414,491
The Trust holds 78.650/0 (2023: 77.320/0) of its fixed asset investments in a Charity
Commission approved pooling scheme, the Settlors, Trust Fund (STF), administered by
Liverpool Charity and Voluntary Services and Investec Wealth and Investment.
At 3151 March 2024, the assets of the STF fund had a total market value of £33,561,141
{2023'. £31,129,999) of which £755,186 (2023: £699,008) is an asset of the trust.
The remaining 21.35% {2023'. 22.68%) of fixed asset investments comprises 2,050
shares in W.0 & J Wilson Limited a private limited company. The shares are stated at
trustees, valuation subject to impairment review of £205,000 (2023.. £205,000).
5. Debtors
There were no debtors during Ihe year end 5th April 2024 (2023: £nil)
6. Creditors
2024
2023
Administration- LCVS
Independent examination fee
750
250
750
598
1,000
1,348
7. Unrestricted Funds
Income Fund.. Investment income and donations received for distribution as
grants to charitable voluntary organisations.
Capital Fund.. Funds held provide income for the ongoing activities of the trust.
8. Related Party Transactions
Charitable activities.. these include £500 (2023.. £500} grant making
administration costs payable to LCVS. Support and governance costs include
£250 (2023.. £250) total £750 {2023.' £750) payable to LCVS in respect of
accountancy and trust administration which is included in creditors at the year
end.
LCVS is related to the Trust by virtue of being the corporate trustees.
12