THE J A SHONE MEMORIAL
TRUST
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
TH
5 APRIL 2025
CHARITY NUMBER- 270104

THE J A SHONE MEMORIAL TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025
TH
The Trustees present their annual report and financial statements of the charity for the year
ended 5th April 2025.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the financial statements and comply with the charity's Irust 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 applic.able 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
not 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 Ihroughoul the year by the Investment Managers, with
performance being reviewed by the Trustees at regular intervals.
FINANCIAL REVIEW
Investment income tolalling £60,58712024.' £45,061) was re￿iVed in the year. This funded
grants of £59,000 {2024'. £40,000) to charitable organisalions. At 5 April 2025 capital
investments were valued at £953,679 {2024'. £960,186).
Reserves Policy".
The Trustees are managing the reserves to balance the needs of current and future
beneficiaries. 11 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 established 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 lakes account of recent 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.
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 lo those
organisations in financial need.

THE J A SHONE MEMORIAL TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025
TH
STRUCTURE, GOVERNANCE AND MANAGEMENT
The J A Shone Memorial Trust is a registered charity, number 270104. It was established by
a Trust Deed dated 25th March 1974.
Organisation. Management and Delegation:
The Trust Deed permits the spending of capital., the Trustees have, however, agreed to retain
the capital for the time being and to invest it to produce income to make grants.
Recruitment and Appointment of New Trustees:
New Truetees are selected, by the existing Board of Trustees, in accordan￿ 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 ILCVSI, a corporate
trustee, which is incorporated under the Companies Acl as a
company limited by guarantee wilhoul share capital as
company number 181759, a registered charity, number
223485, and a charitable Trust Corporation. LCVS trustees,
who are also ils directors, were as follows during the year.
E J Crowe
S A Moore
A W Shone
J D W Stileman
Trusteos
Trustees
LCVS Chair
Sonia Bassey MBE
Mike Thomas
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Anna James
(Appointed 17th October 2024)
Dr Hardamanjil R Kaur (Appointed 17th October 2024)
Ken Perry
(Resigned 2nd September 2024)
John Price
(Resigned 4th November 20241
Anne M Reading
(Appointed 17th October 2024)
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
Neil John Sturmey
Mike Thomas
LCVS Treasurer
LCVS Trustees
(Resigned 30" June 20241

THE J A SHONE MEMORIAL TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025
TH
Secretary
Independent Examiner
Helen Rotheram
Paula Sanchez ACCA
Score Lane
Liverpool, L16 5EF
Investec Vvealth & Investment
100 Old Hall Street, Liverpool, L3 gAB
Investment Manager
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a Iruslees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Praclicel.S The law applicable lo charities
in England and Wales requires the charity trustees to prepare financial slalements for each
year which give a true and fair view of the stale 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 statemenls 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 with
reasonable accuracy at any lime the financial position of the charity and to enable them to
ensure that the financial statements 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.
Approved
Trustees and signed on their behalf by
Anthony W Shone- Trustee

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
THE J A SHONE MEMORIAL TRUST
I report to the trustee on my examination of the accounts of The J A Shone memorial Trust
I'the charity,) for the year to 5th April 2025, which are set out on pages 6 to 13.
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,).
report in respect of my examination of the charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145 (5)Ibl of the 2011 Acl.
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
Ihe 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..
1. 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 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.
Name: Paula Sanchez
Name of applicable listed body: Association of Chartered Certified Accountants
Relevant professional qualification or body.. ACCA
Date.. 7 July 2025

THE J A SHONE MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
TH
Unrestri¢ted Funds
Capital
Funds
2025
Income
Funds
2025
Total
2025
Total
2024
Income from:
Investments
Notes
60,587
60,587
45,061
Total income
60,587
60,587
45,061
Expenditure on:
Charitable activities
61,360
61,360
41.278
Totsl expenditure
61,360
61.360
41,278
Net (expenditurellincome
(7731
(773)
3,783
Net {losses)Igains on
investment
(6,507)
16,507)
56,178
Net movement in funds
{7731
16,5071
17,280)
59,961
Reconciliation of funds.-
Total funds broLight
forward
3,311
960,186
963,497
903,536
Total funds carried
forward
2,538
953,679
956,217
963,497
The notes on pages 8 to 13 form part ofthese accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.

THE J A SHONE MEMORIAL TRUST
TH
BALANCE SHEET AS AT 5 APRIL 2025
S" April 2025
th
5 April 2024
Fixed assets
Investments
Notes
953,679
960,186
Current assets
Debtors
Cash balances
3,638
4,311
3,638
4,311
Current liabilities
Creditors
11,100)
{1,000}
Net current assets
2,538
3.311
Net assets
956,217
963,497
The funds of the charity:
Unrestricted funds
Capital funds
Income funds
953,679
2,538
960,186
3,311
956,217
963,497
Approved and authorised for issue by the Trustees and signed on their behalf by
Anthony W Shone- Trustee
Dated:
/- Yi,

THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
TH
1. ACCOUNTING POLICIES
Basis of Accounting
The financial staternents have been prepared in accordance with the Statement of
Recommended Pradice.. Accounting and Reporting by Charities preparing their accounts
in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) ISORP 20191 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 al cost or transaction value unless otherwise stated in the relevanl notels) lo
these accounts.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded lo 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 trustee has reasonable expectation that the
charity has adequate reserves to continue in operational existence for the foreseeable
future. Thus the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practice.. Accounting and Reporting by
Charities ISORP 20191, 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 'free' reserves and are available for use or retention at
the discretion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignated funds available for the furtherance of the general objectives of the charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when received in the financial year. Donations are recognised al the earlier of notification
or dale of receipt, in the case of the third-party donations and legacy income when received
by the organisatlDn.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity lo 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.

THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
TH
Raising funds costs relate lo expenses incurred in the management of the 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
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, deposits held at call with 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 '01her 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 nel amounts presented in the financial
stalements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial a55ets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried al
8mortised cost using the effective interest Method unless the arrangement constitutes a
financing transaction, where the transaction is measured al the present value of the futLJre
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 can￿lled.

THE J A SHONE MEMORIAL TRUST
TH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not liable to corporation lax 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 lial)ilities
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
lo 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.
In the preparation of these accounts no critical accounting estimates or judgements were
applied.
2. Income and endowments from:
Income
Funds
2025
Capital Total
Funds
2025 2025
Total
2024
Investments
Investments quoted
Investments unquoted
23,175
37,412
23,175 20,973
37,412 24,088
60,587
60,587 45,061
3. Expenditure on charitable activities:
Direct Support& Total Total
Charitable Governance
2025
2024
Expenditure
Costs
To make grants for charitable
purpose8.
60,500
860 61,360 41,278
io

THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
TH
Analysed as follows:
2025
2024
Direct charitable expenditure..
Grant funding
Grant making administration costs -
LCVS
59,000
500
40,000
500
Donations
1,000
60,500
40,500
2025
2024
Support & Governance costs..
Trustee's expenses
Administration- LCVS
Independent examination fee
260
250
350
278
250
250
860
778
Total expenditure on charitable
activities
61,360
41,278
Out of pocket travel and meeting expenses of £260 {2024.' £278) were reimbursed
to three trustees in the year {2024'. nil)
li

THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
TH
The following grants were made during the year..
Grants of £1,000 and over
St James Youth
Feeding Liverpool
Compass
Whilechapel Centre
Ican&lam
Woodlands Hospice
Liverpool Cathedral
The Hive Birkenhead
Philharmonic
Wirral Ark
Mengo Hospital
Charles Thompsons
Neurotherapy Centre
Mission Aviation
5,000
3,000
5,000
5,000
10,000
2,500
5,000
5,000
2,500
2,500
5,000
1,000
2.500
5.000
59,000
Grants under £1,000
Tot81 grant8
59,000
4. Fixed Asset Investments
2025
2024
Quoted Investments:
Market value at 6 April 2024
Nel unrealised gainslllossesl on
investment assets
960.186
(6,507)
904,008
56,178
Market Value at 5th April 2025
953,679
960,186
Book Value at 5th April 2025
414,491
414,491
The Trust holds 78.5% {2024'. 78.65/1 of ils fixed asset investments in a Charity
Commission approved pooling scheme, the Settlors, Trust Fund {STFI, administered by
Liverpool Charity and Voluntary Services and Investec Wealth and Investment.
At 31. March 2025, the assets ofthe STF fund had a total market value of £33,333,064
12024.. £33,561,141) of which £748,679 (2024.. £755,186) is an asset of the trust.
The remaining 21.50/0 {2024.' 21.350/0) of fixed asset investments comprises 2,050
shares in W.0 & J Wilson Limited a private limited company. The shares are stated at
Irustees, valuation subject lo impairment review of £205,000 {2024.' £205,000).
12

THE J A SHONE MEMORIAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED S APRIL 2025
TH
5. Debtors
There were no debtors during the year end 5th April 2025 (2024.. £nil)
6. Creditors
2024
2024
Administration- LCVS
Independent examination fee
750
350
750
250
1,100
1,000
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 {2024.' £5001 grant making
administration costs payable to LCVS. Support and governance costs include
£350 (2024.. £250) total £850 (2024.. £750) payable to LCVS in respect of
accountancy and trust administration which is included in creditors at the year
end.
LCVS received an donation of £1,000 during the year
LCVS is related to the Trust by virtue of being the corporate trustees.
During the financial year 2025, two trustees were reimbursed of £260 for
Iravellmeeting expenses incurred.
13