Company Re￿ltratio￿ Nmber. SQI93290 Charity Reglstr%tlott number. SC042991 THE SHEN FOUNDATION LIMI'TED Trustees, Report and Flnanclal Sl*tements 28 February 2025 CONTENTS PAGES Reftrenc¢ and *dmitsistr*tlv¢ dttt411s Trusleei, AnnuAI Report S¢*temellt Financl￿ A¢tlvitiL¥ Ilncorpor8thi% the 1￿Come exDendltsrc ¥crount) B41gAce sheet Notes to the IIR•llelAI 5t*tements The followlthg pAges do Aflt f•rTr p•rt ol th¢ ntsADcIHI ￿￿tem¢￿ts Detailed rt*tsmentorrity•ncl*l a¢tlvltle• Al THE SHEN FOtrNDATION LIMrrED REFERENCE AND AI)MINISTRATIVE DETAILS Compxny re%tstratltsn number. Ch*rtty reglstr*thn numbv: SC393290 SCIM2991 I'RUSTELS 13ri8iÈte BurBiuer Jarnil8h GabrielA Burgi55er Lycll m￿1¢&￿ Pdrry SECRETARY C&th¢Tine Louise Brislee REGISTERED OFFICE 23 Birkenbillork R08 Forr¢$. Unikd Kingdom. tv36 ItrH ACCOitNTANT Fasil Bt)gale FCMA,CfjMA Chartered A¢couniant 15 Jam¢8un Wynd. Moraythire V36 2AP HSBC BANK PLC Markd Syuare Penrith 'umbri& CAII 78N THE C(￿PERATIvE BANK PLC I BAlloon Street Menche5ter M60 4F.P TRUSTEES, ANNUAL RLPORT The iTUitees. who ore 2180 diTectors for the piiTroseb uf cornpJny law, have pleasuT¢ in presenring theirreport and the UIIUILdit¢d finwiicial stalemenls of the cbarity for th¢ year elthd 28 TrebrI￿ry 20?5. Refe￿nCe and adfflini%trthtive delailq Relcrence and adminisiMiv¢ dc¢ails arc shoivn in the Schedule of reterencc and adininislrdiive delarls on page l of lh¢ linancial Sla￿Dients. rhe trustees 'I'he who s¢rvcd thL charity durii)g the p¢riod wcrc ftJllow¥'. Dr Bisi)n¥ (iu(> 'l-ianrnii Ihung Jiali Luu Brigitte Biirgisser Illruclur4 governance and m#nAgement The Shcn Poundaiion is a Coinpany Lirniied by G￿￿raNtee. li is govcrned by its MemoTandum Hnd ArtiLles or soci¥lion dated l U F¢bruury 2011. Meinbership is open lo individiigls ond (biher (Trrgyni&ulions who apply tt) Il)e LoinptbLIy Lli the lonn required by the direclors t)nd are approved by the direclors. All Inemb¢rs agree to c¢)iitribuie up lo £10 in thr ¢vcn¢ ot'ilie coiiipany winditW iLO. otnimcnl ()r i)irccloi'% L)ircclor musi bc u naiiiThl pcrson aged 18 yeurs or oldcr. Thc nun1b¢r of l)ircctOT% shall be noi less than two lun1&￿ uthL'nvL5L dLt¢rniiiied l)y onlu)8ry rL¥olutioii) aiid yhdll b¢ yiibjLLt to uny m#ximum. At thc fir4t annual gcii¥rul mv¥ting all ol. thL DirLLtors mu51 TL￿1r¢ from ()IfiLe unlL$8 by Llosc of thc mceting t￿. mcmbLrn fuhlcd to clect 4uffi¢i¢nt DirLLlorli l(Tr hi)Id 0 4UOJ711L tiicctirAg of the DirLYtt>ts. At L&ch 8uh%Lquvnt llnnLiiII g¢n¢ral rneetiiig on¢-Uiird oftli¥ Dir¢ciots or. if iheir number is llot three or a mLillipl¢ of Ihree, the nuiub¢r Iicaresl I ¢)ii¢ tliird mlist r¢tirc from offi¢¢. If IhLYL' ix only onc DireLior he or shc Tnusl tetire. 'fhc Ditectt)t5 to retire by rtstation 8h¥ll be Ihose who hiive bEen longest in oificL' since thcir I￿11 uppointmciit. If oily Dire¢tors becameorwerc appointcd DirecLDrs on ihc siine day those io r¢iirc shall {unle.88 Ihcy otheThvi5e agree among Ihcin$¢lvLS) bc d¢terniincd by lot. If a Director is requ?r¢d to telire al an ￿n￿U￿1 general meelitsg by a provision ofihEse articles ihe reliTeineni shall thke effebt the concliision of the mccling. Tlie ¢omp&ny may by ordinary resolutioTh appoint a person who willing lo acl to be 4 Director, and deiemiitte the 014lion in w,l)ich any addiiion81 Dir¢ctor5 are t(J rctire. THE SHEN FOUNDATJON LIMITLD TRUSTEES, ANNUAL REPORT ObJe¢dveg and activities Tlie Sli¢n Fowlthition Limil¢d objectives. pcr ils articles of86sociaiion, are as follows.. (l) Th¢ advuncemcntofethviroumental protectionor iDIPTov¢inciit and thc advanccnhthit of tli¢ pl)ilosophiLal bLli£.f of thc aiicient Lhiii¥sL DdOl&t tradifioLI, by teacliiiibN. Lxaiiii)le &bnd dLJII()51%114111¢)JJ nf tl)¢ Vrfilidity of wliicli emph4sisLg ilic dLCP ceological iiilei￿LIJttIIdctscc bLIIVLUi all tliings as a In¢ans ol. ii?()Iivdlinki, ediiLaiin¥ and ¢n￿b]ing pci)plL lo liv¢ in grealCI' Iiorniony boilTr wiiliin liufflan socieiy and ihe natural world. In PUTsuancc ofihis, the Foundation will #ci #s d devclopmentsl bridgc and fwilitaior between b.a￿ and West in SllPPQTiiiig. encouraging. coordinalin¥ &iid %ustaining tlie erroils of all leadei.s, oi'gani%alioii% and Liiininiiniii¢s who seeL to ttvtti ihe gliibal Lominunity fToin p()Lrnti¥l disaster and iransitlOD In￿ a iiew eru of5USlainable environnieiiial I￿ana￿￿tinen1. (2) Tli¢ advanccmenl of i)calLh by promoling M'¢llbeing in ￿1¢ cominunity and Ihn)ugh researcb inl vellbein&* by supporting fLny pcrson{.4) 4)r gt(Trup in Ilic funherance ofiliciT sludiLS and hclpitig publicise sucII 8luLtiLS Iir rL.4oarch. (I) I'IIL Ddv8lllL'I)ii'iil of Loi)iiiiu)iity Jevvlopniu)t by fp¢ilitJtinb, iietw()rking a13d linking ivith loLal LOmlnUI)ily iJlitiaiivL& iliai %L¥k tu to%tLr ¥uslJindblc ccunomiL 8iid $1)eiul dcvclopmliit. 141 Thc AdvunLcmcnt lif tlic orts, heri1a￿L wid cul￿r￿ tlirough holding uccasimial evcJil% and Mclivifiol relating to llnciLnt Lultural and wisdom tr4ditii)iis. Iii advaiiciii8 ti)¥se objectives, Ili¥ Fotsiidaiitsn'& principgl acLivilie¥ aiTn to.. ( l } Link Lip iietwork wilh kindr¢d individugls aiid oruanisulions both loL¥lly and globally lo work Iv8etb¢r 111 Lullivdliiig and developiiig mor¢ s¢if-surrJLi¢Di ai)d susl¥inabl¢ lif&%tyleJ. (2) To nurturL culiivRte prhciical solutio￿￿ (u environmenthl pn)blcms and i() proiiiotc w'isc usABe ol. scicnce and icclinolngy to lielp iiiainlain and supi)rJrt ihL welfar¢ and hwnnony ofRII forints ofiifc. (31 Develop a local cen-commiiNI(y ilial will ￿tablIS]1 and deinon¥lrate best pracLice in S￿$lainable living and effective cnvironmEiitrdl mana8cmeiit. This u)mniuiiity will look to include a trdiniiig and resewLh Leiiirc, LL(J-dLLom]Thidation. renowable cnergy systcm¥, ¥clf-&uificicnl or¥tsnic food producti(Trn ¥nd a Llcan watcr ¥y%l¢m. (4) Tn piY)vidL IcLIuTts%, CVLlIt¥. LdiLcdlioi?iil Tnutci-iulb to help dibs¥niillcltL IL.l¥vant iiifijiinalioii und pJ'ovid¢ rL'¥eii rLIi bui)i)(?L1 with thc aim of pi'omotin8 lind ruili11￿ greulci. ¥iivirLbi￿nlr1IQj, S0¢iILI. hLalth and ivellbLiii¥ nd ¥i)iriiiLal aw8r¢n¢5S. Flnanclxl revlEv+' The 51atcmcnt ut finaJiLi&l activities shows & 8￿￿1￿$ of £3 {2U24 £292 dcfiLit). The LhJrity'b reseNe8 werc in 8uo)Iu8 of £1.3 IQ (2024 LI J07 SUL'pluy) ut ihc yettr cl￿. I tAL UULIVA IIVII LLVIII TRUSTEES, ANNUAL REPORT Resp(tynslbilitie$ of the trustees Thc Intslees (Ivbo are a180 the directors of Thc Shen Foundation Limiied) for tile PILLPOSCS Ot eotnpany lam, are responsible for prcpaTiiig thc TTUStL'CS Aiinual R¢port and the financial siat£m¢nts I￿ accoidaiice with appliEable law and United Kingdom Ac¢ounting Standards (Unitcd Kingdoln Ocncrally Acccptrd Accountiiig Praclicrl. C.oinp&ny Irqui￿5 thc trnstees to prepare financial statements for cach finllncial ycar ivhich give a tnjc ortd fair vioiy of the ￿ale ol. affoir4 vl. thc chariiable eornpthny 4ftd of ihc iTKoming rcsources and application ol- resources. ii1Llu(liMg Ihe incoine and eTpcnd?ture. of the cliarilable crmiphny Cor ihal perivd. In pr¢p8ring dicse finuncirdl sialements. (h¢ IrusteeN are reqliired tu.. select suitable 8¢Louniing poli¥i¢5 and then apply them collsistenlly; ' obsoTve the mcili(xl$ and principlcg in th¢ Chariiiss SOPJ>; make judge1￿entS and c8tima(es that are rea%onablc and ptudcnt: slate wheihcr &ppli¢able UK Aecoiiniing Signdards havc been followed, 3ubjoct to any matcrial d¢parture5 dibLIosLyI llnd L'xplained in thL fiiwnLiuI &I￿lL￿ents prepyrc ih¢ fuiwicial sthtLmLiily on thi Lo])cern baxix unlc4¥ il iiiappTopriate lo prc8um¥ that the charilxbl¢ company ivill cnntiiiue An opcration. 'I'lie Irii%iees ore responsible for keepin8 proper8CCOlUlting r¥c¢)rds thai dibclose with r¢llstsDabl¢ L¢c¥rn¢y at arty iiin¢ Illi. fin&iiLio1 p&)41tion uf thc chDrithble Lon)Pdny und engbl¢ thLYn lo en¥urL tlilll the finan¢illl stulcm¢niy ¢omply wilh tlic Comp¥iii¢& Act 201111. The ar¢ r¢spunsiblL fur )Bf¢guarding IhL ¥ss¢'ts of the ch¥rktobl¢ coiiipany aiid hcnce lor laking ro&si)nable ¥tcps for the prevention and deleclion ol. Iraud and oihcr ir￿g￿l￿rItI0s. SiRned on bchall'ofihe IN¥tees Catherine Louise Brislee Coimpany Secretaiy 19 Novembcr 2025 THE SHEN FOUNDATION LIMITLD INDEPENDEIYT EXAMINER'S REPORT TO THE DIREcfoRS OF THE SHEN riOUNDATION LIMITED rcpoi'l on Ihc aecounls of 1116 cliariLy foi. the pcri(Ml ertded 28 FchNary 21125 ivliieh are set oul on pHges 7 to 12. Respectivo responslbilitle¥ rfjf dlrecturs eAamiiier The ¢hurity's tni%lLL* arc TCSPOlisiblc for Ili¢ p￿￿al-dtlun of Ilic aLLDLiiils in JbLurdaJiL¢ witb th¥ t¢rnis of tli¢ aiaritl aiid TiJJ8tcc Investmciit (ScotlJiid) Act 10115 aiid tl)e Charitics Accoui)ts (Scotlaiid) RLbFuli)inii)n un thc vicw. giv￿ by th¢ a£¢oiinL%. lTrdcpcndent examiner's stst£ment In ili¢ coursc oFmy examinfiii(Jn, no niaiier his comc io iiiy 8tlcntion wl)ieli Aives in¢ Ir￿￿n81)le cause to believc th4t in ¥Dy mulcTial TCSpcLi rlie re4111r￿n¢nts'. T(} kc¢p ULLOlllI(iiig ieLurd.% iii H¢Ltsrd8nLL Wlth Sccti()n 44(1) (J) of tbc 2005 Act and lILguI￿lIoil 4 ufthc ?IM)6 AccouL)Is RLguluiioiis. aiid T¢) prepurL ULLI)unl4 ivliiLII ULL(Jid iviili tIIc klLLI)IILltiiJg rLLvrdy und c17niply with RLgul4tiwi % of tile 2110(Tr Ac¢4iui)r% RL8uIAri(>ni li¥vc not l)Len Inet. 19.11.2025 Char&erLd AcLvunliLnl STATbMENT OF FINANCTAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 28 Febrllary 2025 Note Unrestrirted Regtrkted Tol412025 Tot812024 lllld$ nd% INCOMING RF.SOURCES lucnming resourccs from 8riieratiug fund&: DonatTons 31 80 IiiLoine ITtim Chariiable Ac(ivilies Crift Aid Inlcre81 509 50() 424 TOT AI. INCOMIIYG RESOURCF.S 540 540 504 R&SOURCES EXPEIYDED Churiiable aclivitL¢S Govcmin¢c costs 1117 350 1%7 350 446 350 'roTAL RESOURCXS EXPENDKD 537 537 71)6 Nk6T IIYCOMING RESOURCV.S 1292) Ti&n8fcrq bclw¢cn Piinds NF.T MOVEMENT IN FUNDS FOR THE YEAR {292) TOTAL FUND BRUUGirr FORWARD IJ07 1,307 lJ117 T(yfAL FUNDS CARRIED F()RWARD iJio iJio 1,3117 The company rL'gi%trdiion numbcr is SC.393290 and Ch￿lty Durnber 15 SC042991 THE SHEN FOUNDATION LIMITED BALANCE SHEET AS AT 28TH FF,BRUARY 2025 Note 28 Vcb 2025 28 Feb 2024 FIXED ASSETS Tangiblc fixed as8eis CURR Tr:NT ASSKI'S Debtors: atnounts tralling due within (>ne ye8r L'ash Rt baDk diid in lthnd ,657 1.6 Credltori: amounts fAlling due wilhin one year 1350) 1350) NET CURRENT ASSETSI(LIABILITIES) 1,310 1.307 TO'I-AI. A8SL'fs i.v.SS CURRkN'I' I.IAIIILII'IVS 1.310 1.307 LC)NCv TERM LIABILITIES NET ASSETS ' 1,308 FVIYDS unre¥lriC￿d fundy Kc.¥ti'icied fuiMi¥ 1,310 1,3(J8 'roi'AL FUNDS 1.310 1.308 I'he trustees 8re satisfied that the chtyrity is entille(t lo exemption froin ihr provisions of the Lompanies Act 2006 lthe ALI) rttlattDg lu die uudit of IlJ¢ finaiicilll &latwnents Ivr Ihe y￿r by virtue ol- s¢Llioi) 477, oi?d that i)0 member or mLmbcrs havL rcqu¢$led 4n Jiidit PLifsiialll lo wtion 476 Acl. 'Ihe trustees uckLiowled¥L thcir rc5POllsibilities for.. (i) ensuritig th&t tli¢ chatity kceps adcquatc accounting rccoTd% wliich comply w'ith S¢Ltioii 386 of the ALL and li1} preparing financial .Ilalcmcnt5 which give a Inje and fair view ofihe slale ofalyairs ofthe charity as ai thc cnd or the financial year and of its profit or los% for the financial year in accordance with ihe ￿qUiTc￿en￿ of 8cclion 393, and which oihcrwise comply witli thc requircments of Ilic Acl relaling to 1inan¢i&l slaL¢rnents, so far as applicable io Lhc chaTity. Ali) Th¢￿ dLcounl8 have bcLn prcpar¢d in arcDrdunce ivith the prL'visioii appliLablc ts) L(mpanit8 8ubj¢ct to sm811 Lornpunie8 regime. Thc5e finanLial 5tatcments wcrc approV￿j by thc tncmbEf5 of the Lommittee the 19th of ￿￿Vernber 2025 Jnd .signed on IhLir bclmtf by: cl￿11er1rye Loui$c Brislee CoTiipany Secretary Company Registratioii No SC39329D Charity No SC042991 NOTES TO THE FINANCIAL STATEMENTS "riic noles on pageb 8 10 I I fonll an uitegrnl port of th¥￿ fiiianciJl sla1￿)￿niS. ACCOUNI'ING POLICILS ThL fvllowillby accounting policirs hav¢ been applied consistL'nÈly in draling witli itcms ivhich are considered Illalerial in rL.14Livn lo thL financial %lalcnicnls. cxccpt &$ noted l)¢loiv. BAsl¥ of 8£countlng Thc finyn¢ial sl8￿MentS havc been prc.PMTed under ihL hi%ioric4hl cosl convenlion dnd iv ¥CCOTdince ￿'1th ai)plic#ble Uniteil Kimb￿d0￿7 4Lc¢oiilltin¥ standa1￿$, thc Siatcn)cnt ol- Il¢eomJnend¢d I'i'aciice 'Accountiii¥ and RL'porliJig by Lhdrities" in MUTLIJ 211115 IS()RP 21105) und thL Conipaniey ALI 2U06, aAd u) a¢ciJrdaiiLe wiib thL FinaiiLiuI ReportlD¥ Siand4rd for Small¢r Cntili¢.E IctlcLliitc April 200g). Fiind AL'touniln R¥¥tricted lunds are subjecied to resiriLlions on iheir exp¢ndilure ijnposed by tlie donoi.. AII illCUiTLill¥ i'es¢)urces yre i1￿￿uded in ilTre Slul¢iii¢iit ol. liiioncisjl aelivilies wh¢ii ihe chwrily is cnliiled io ilie inL(binL rfiiid th¢ dinuuni can bL qiiJntifiLd wilh rL￿S￿liabl¢ JLCUTacy. Volunldry inLosnc is rcLordLd on a LQS]I rLLLlI'¢d bllsis. IIivc5tincnl IllLuine is incliidLIt wliLii fL¢¥ivllblc. 1ilC()ininMy rL'5uiirLeb froin cliariitsblc activities Jrc accoiiiit¢d fvr wl)¢ll CilrnLd. RLYuurcc¥ ¢xpendEd XPL'n(lilurL' is I'eLuyisL.d oil accrual basis as u lillbility i¥ inLurred. r..xp¢n(liturc 15 includL'5 any i'ar w'hich cannoi l)e fully ￿LI)Vered and ili repi)rted Pii ri ofihc expendiiure lo which li reliile%. A Luyl ul'g¥ii¢iytin¥ fiiiid¥ compii%LS rhc Loits axsociatcd wirli èttraciithg voliinlaiy iiicomc ¥ILd th¥ bv315 uf'ri-lldiiib for lundniikinA PiiTPITr4C%. Cli¥riluble LXPCii(JiliiiL Ll)mpri$L4 thosL' Lii¥ts iiiLiinL.d by the Lhdrity iii thi d¥lii'Lry uf its aclivitie¥ aJJd YL'ryiCC¥ l(br 115 Iicncficiuricy. li inclLJdes both Costs ihAi clln bc nllor&itd diTccily ￿ wch Mctivilicy lind ihus¢ i>f an Indi￿CL hirL neLLy&aiy to ¥uppiirt (knitn. Cir)v¢rnance c(x%15 Lnclud¢ thvie LQ51¥ J¥so¢ithtd with LllLLtins dLL' L¢)tt%tituiion￿I and slututiTrry wuircmellts of di¢ h4riiy. All co$1% urc ullucdkd b¥lw¢¢ii cxpLndiiur¢ CaLLyufiLS ofihL Si)fA oil u bufiis de%iwicd io rcflLcI ihc us¢ ofthc rcsource. Costs rclaling & pariiculw ucliviiy arc allocR(ed dircetly. oibcrs Bre apporiioncd on apprppriate hjsis. FixLid 4$5et Fixed ths&elS' arc slated at cost les8 ac¢vniulatcd dcwccialion. Deprecl8tloD Depicciation is calculaird 50 lo w'rilc off thc cost of An assci, Icx4 iL% c$timatcd ￿SIdUal value, over (hc uscfiLI economi¢ lilc of il)ai 855¢1 as follo￿,￿= quipmeni- 25f/*• on cost ixlurcs & fiLLing8- 15/u rcducing balancc Molor vohiclc5- 25ts/o reduein% balan¢c THE SHEN FOUNDATION LIMITLD DETAILED STATEMENT OF FINANCIAL ACTIVITIES INC(bMING REsnuRCES FROM CItARITABLI ACTIVITIES Rutrieted Unrestricte Funds Ttyt#l Funds 2025 Tol*l Fund$ 2024 Oiher In￿Me DonJlions 540 540 424 80 In¢offjin8 RuourttA from Ch•ritablt Adivlt 540 540 504 COSTS OF CHARXTABLE ACTIVITIES BY FUliD TYPE Reltrlctsd Fund Unrntrleled F￿d Total F¥llds 2025 Toi•l Funds 2024 Supporl costs for events, eth￿110 and training 187 187 44(? IA7 1117 4411 COVERNANCE COSTS Unr¢4trltted Total Total Funds 2024 202$ AccounlAney leLq LeRal fees 350 350 350 350 350 350 STAFF COSTS Al￿ EMOLUMENTS No salaries or WaReb have been paid ￿ th# members of the committee dutiti8 the year. DETAJLED STATEf*lENT OF FINANCIAL ACTIVITIES DEBTORS- amounls fallin¥ due ivithin one year 28 &eb 2025 28 FLbb 2024 Classic#1 Chinese Medicine Foundation CREDITORS: #mounts falling due wiiliill on¢ y¢8r 2B Feb 2025 28 Feb 2024 Accruals 350 35 350 350 INCOME FUIYDS.. IlJlAn¢e ¥Jt l 2024 JneomlDg Outgolng reHburc¢s resuurce5 Bylanee At 211 Ftb 2(125 Cen¢r41 Funds Unre8trici¢d Fund 1.307 540 (3371 1.310 R¢&tl'iLted Fun(Is Trhn¥fers i￿￿Ut Genentl funds Total Ftsnds 1,307 540 {5371 1.310 COMPANY LIMITED BY GUARAKfEE The charity is a company lirnited by guaTanie¢ artd has no shar¢ capital. the evenl ofii b¢in8 wound up. Ihc rnaximum liability ofeaeh member 18 £10. THE SHEN FOUNDATJON LIMITED DETAILED sfATEMENT OF FIIYANCIAL ACTIVITIES INCOMINC RESOURCES 2025 2024 Donations Cyift Aid CJrants In¢ome from charitablo activili¢s Bank interest r￿e1V&ble 80 509 424 Total loeomkng remurteA 540 504 RESOURCES EXPENDED CHARITABLE ACTIVITIES Contractors Evcnt expe4 Profcs8iQDal eoDsultancy D¢prcLiation Adverti3uig & maikelinx B¥nk charges Groccri&8 & household MainienaDC¢ ltssurance Cor expenses (iBrden & Polylunnel o(rice suppli¢8 PosiA8e & sbippi08 Sundrie8 IT Software & Consumables Bonkkeeping Telepholle & Internel Clam & Eleetricity Council Tax Entertaitirncnt 426 Totsi 187 446 GOVERNANCE COS73 Accounting Legal fe¢s -150 350 350 350 TOTAL RESOURCFS EXP&NDED (537_ Nrf SURPI.USI(LOSS) (292)