THE RICHARD ORMONDE SHUTTLEWORTH REMEMBRANCE TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust reported a net income of £122,000 for the year ended 31 October 2024, driven by increased income from charitable activities and investments. The Trust maintains significant unrestricted free reserves of £3,117,000, which the trustees describe as retained for day-to-day operational activities. The trustees confirm the Trust is well-placed to manage business risks and has adequate resources to continue in operational existence for at least 12 months.
What the accounts disclose
“The Trust has identified a minimum of £1.4m of funds to be retained within its stocks and shares as liquid assets to call upon as a strategic reserve.” — page 13
“A wholly-owned subsidiary company, Old Warden Limited (OWL) manages the commercial operations of the Trust’s businesses.” — page 7
Leadership, per the charity’s website
- Tim Routsis — Chair of the Board
Structured financials (annual return, FY ending 31/10/2025)
Trustees
- RICHARD SHUTTLEWORTH TRUSTEES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £6.8m | £6.5m |
| 31/10/2024 | £6.1m | £6.0m |
| 31/10/2023 | £5.3m | £5.2m |
| 31/10/2022 | £5.9m | £6.0m |
| 31/10/2021 | £5.4m | £4.8m |
Common questions
Is THE RICHARD ORMONDE SHUTTLEWORTH REMEMBRANCE TRUST financially healthy?
The accounts state that the Trust reported a net income of £122,000 for the year ended 31 October 2024, driven by increased income from charitable activities and investments. The Trust maintains significant unrestricted free reserves of £3,117,000, which the trustees describe as retained for day-to-day operational activities. The trustees confirm the Trust is well-placed to manage business risks and has adequate resources to continue in operational existence for at least 12 months. Its FY2024 accounts were audited by Peters Elworthy & Moore.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 10/08/2020 | £118k | "COVID19 Shuttleworth Trust" |
| The National Lottery Heritage Fund | 26/02/2019 | £91k | "The Shuttleworth Trust - filling the hole in the sum of its parts" |
| The National Lottery Heritage Fund | 22/03/2011 | £3.1m | "Unveiling a Secret Garden" |