Charity number: 1039415
THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE AIMWELL CHARITABLE TRUST
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent auditors. report on the financial statements
Statement of financial activities
10
Balance sheet
ststement of cash flows
12
Notes to the financial statements
13-21

THE AIMWELL CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARI￿, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Isaac Kaye, Chair
Steven Kaye
Warren Roiter
Geoffrey Jayson
Craig Cowan
Charity registered
number
1039415
Principal office
50 Weymouth Mews
London
W1G7EH
Independent auditors
BKL Audit LLP
Chartered Accountants
35 Ballards Lane
London
N3 1XW
Bankers
Coutts & Co
440 Strand
London
WC2R OQS
Bankers & Investment
advisors
J P Morgan Private Bank
60 Victoria Embankment
London
EC4Y OJP
Brown Shipley
2 Moorgate
London
EC2R 6AG
Page 1

THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the audited financial statements of the Charity for the
year 1 April 2024 to 31 March 2025. The financial statements have been prepared in accordance with the
accounting policies set out on pages 13-14 of the financial statements and comply with the charity's Trust deed,
the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland published on 1st January 2019.
Objectives and activities
a. Policies and objectives
The objects of the Trust are making available funds for the benefit of such charitable institution or institutions, or
for such charitable purpose or purposes, as the Trustees shall decide. The Trustees identify organisations and
projects it wishes to support and this generally arises from direct contacts rather than speculative applications.
b.Public benefit
The Trust has had regard to the guidan￿ contained in the Charity Commission's general guidance on public
benefit when reviewing its aims and objectives and in planning future activities. In particular the Trustees
consider how planned activities will contribute to the aims and objectives they have set.
The Trust furthers its charitable purposes for the public benefit through its grant-making policy which aims at..
the furtherance of education
the care of the young, sick, disabled and elderly
the furtherance of understanding amongst communities
providing community protection and other ServI￿S
c. Activities undertaken to achieve objectives
The Trustees make donations to charities which provide education to young people, research opportunities., or
deliver care and other of the charity's objectives. The establishments and organisations supported are
monitored by the Trustees by personal contact with officials of those organisations, review of the work actually
carried out by them, and their published material and reputation.
d. Grant-making policies
The Trust considers applications from a variety of charitable organisations for funding by the Trust. Applications
are reviewed and levels of grants payable are decided upon by the Trustees. At present the Trustees have no
special grant making schemes or priorities. Where grants, including overseas grants, are made for specified
purposes, they are monitored by the Trustees to ensure that those purposes are adhered to.
Page 2

THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
a. Main achievements of the Charty
The Trustees made donations to 33 charities during the course of the year (2024.. 36), details of which are
shown in the accounts on page 17, and, through monitoring and reviewing their activities, are satisfied that the
organisations supported provide a good and valuable service to their beneficiaries.
The benefits are delivered by the Trust contributing to educational establishments which provide education to
young people and research opportunities- and making grants to various charitable organisations which deliver
the care and other objectives listed above.
The establishments and organisations supported are monitored by the Trustees by personal contact with
officials of those organisations, review of the work actually carried out by them, and their published material and
reputation.
Financial review
. Review
During the year there was income of £608,142 (2024.. £828,515) from Investment income- and expenditure of
£760,291 {2024'. £1,073,858). Together with an investment gain of £82,099 (2024.. loss of £89,197), the overall
deficit of £70,050 (2024: £334,540) has redU￿d unrestricted funds to £13,548,590 (2024: £13,618,640}. There
are no restricted reserves (2024.. £Nil).
b. Investment policy
The Trustees considered the most appropriate policy for investing funds and currently aim to maximise returns
through maintaining a diversified portfolio. The Trustees consider the return on investments in the year to be
satisfactory having regard to the prevailing investment environmenL
The Trustees meet to review investment policy during the course of the year. They consider income
requirements along with the investment advisorfs view of the market prospects. The current objective is an on-
going annual return, including investment gains on the portfolio of be￿een 5 % and 8 %. The Trustees consider
that the investment perfomiance to date, from the income and gains from funds invested, was consistent with
this objective.
Fundraising activities
The Charity does not carry out fijndraising activities and therefore does not work with professional or
commercial fundraisers and has not received any fijndraising complaints during the year (2024.. none).
Page 3

THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
d. Reserves policy
The reserves policy and level of reserves reflects anticipated future grants and is reviewed by the Trustees
during the year. The Trustees have concluded that the current level of reserves of £13,548,590 (2024..
£13,618,640} is satisfactory.
The Trustees consider annually the level of reserves that it would be appropriate for the Trust to maintain. The
aim of the Trustees is to have reserves in due course producing sufficient income and gains to fund the
proposed annual grant expenditure, without the need to obtain substantial support from donations. To achieve
this without restricting the Trusts ability to make grants at the current rate, the Trustee have set the sum of
£20,000,000 as their reserves target, to be achieved by capital growih and further donations, although no
specific timeframe is set for this.
. Going concern
The trustees do not believe there is a material uncertainty over going concern due to the level of unrestricted
reserves and the fact that the vast majority of expenditure is grants paid on a discretionary basis. The value of
the charity's investment portfolio at 31st December 2025 is £13.5m, of which £974k is cash held on account. If
ne￿Ssary, the charity could pause the discretionary approval and payment of grants to compensate for any loss
of income or recall the investment funds to cover any expenditure.
Therefore, the trustees are comfortable that the charity's reserves will ensure it is able to meet their debts as
they fall due for a period of at least 12 months from the date of approval of these accounts. Accordingly, the
trustees do not consider there are material Un￿rtaInt]eS and continue to adopt the going concern basis in
preparing the financial statements as outlined in the Statement of Trustees Responsibilities.
Structure, governance and management
a. Constitution
The Aimwell Charitable Trust was set up by Isaac and Myma Kaye to benefit a variety of organisations and
projects identified for support by the Trustees. It is govemed by a Deed of variation dated 22nd July 2022
(previously by a Deed of Trust dated 12 May 1994). It is registered with the Charity Commission in England and
Wales under number 1039415.
The following Trustees have held office Sin￿ 1 April 2024 up to the date of this report..
Isaac Kaye
Steven Kaye
Warren Roiter
Geoffrey Jayson
Craig Cowan
The Trust has available, without charge, the services of a personal administrator employed by a company
associated with Steven Kaye. Her duties include the handling of the Corresponden￿ and general administration
relating to grants, but not payments which can only be made by the Trustees.
Page 4

THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The Trust Deed provides for a minimum of 3 and a maximum of 8 Trustees. New Trustees are identified and
appointed by the remaining Trustees under the powers given by the Trust Deed. One of the Trustees is made
responsible for the induction of the new Trustee which involves awareness of a Trustee's responsibilities, the
governing document, administrative procedures, the history and philosophical approach of the Trust. A new
Trustee re￿iVeS copies of the previous yearfs annual report and accounts and appropriate leaflets published by
the Charity Commission.
The Trustees may appoint nominees to be Trustees by resolution of a meeting of the Trustees.
The Trustees are in regular contact with each other during the year to leam about topical charity sector issues,
discuss operational matters including grant-making, investment strategy and financial performan￿. At least
once a year the Trustees meet to formally approve the Trusfs policies, activites and strategies.
c. Risk Management
The Trustees have examined the major risks which the Trust faces and confirm that systems have been
established to enable steps to be taken to manage these risks. The Trustees consider that the main risk that the
Trust faces is the recoverability of the investments held and whether they will continue to generate income in
order to further the Trust's objectives via the grant making policy. To manage this risk the Trustees continually
review the investment strategy of the Trust to detemiine the achievement, spread of investments, performance
and anticipated performance for the forthcoming year. Where the Trustees consider it appropriate, they make
changes to the Trust's investments.
d. Pay policy for key management personnel
The Trustees consider the board of Trustees as comprising the key management personnel of the Trust in
charge of directing and controlling the Trust on a day to day basis. All Trustees and their assistants give of their
time freely and no Trustee or other remuneration was paid in the year. Details of Trustee expenses and related
paty transactions are disclosed in note 8 and note 15 to the financial statements. Trustees are required to
disclose all relevant interests. In accordance with the Trusys policy they must make a disdosure of any
decisions where a conflict of interest or loyalty arises.
Plans for future periods
The aim of the Trustees is to continue supporting the charitable organisations which are currently supported,
provided they continue to deliver the Trusts objectives. Consideration will be given to other charitable
organisations which the Trustees believe will do so in the future. The aim is to continue making grants at a
similar level.
Page 5

THE AIMWELL CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practi￿).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, induding its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to=
select suitable accounting policies and then apply them consistentty.,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent"
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures 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 adequate accounting records that are sufficient to show and explain
the Charity's transactions and disdose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that inft)rmation.
Auditors
The auditors, BKL Audit LLP, have indicated their willingness to continue in office. The designated Trustees will
propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Geoffrey Jayson
Trustee
Date:
2910112026
Page 6

THE AIMWELL CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE AIMWELL CHARITABLE TRUST
Opinion
We have audited the financial statements of The Aimwell Charitable Trust (the 'charity'} for the year ended 31
March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash
flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting practi￿).
In our opinion the financial statements-.
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming
resources and application of resources for the year then ended-
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practi￿., and
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going con￿rn basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going con￿rn for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the Trustees viith respect to going concern are described in the
relevant sections of this report.
Page 7

THE AIMWELL CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE AIMWELL CHARITABLE TRUST
(CONTINUED)
other inforniation
The other information comprises the infomiation included in the Annual report other than the financial
statements and our Auditors, report thereon. The Trustees are responsible for the other information contained
within the Annual report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the infomiation given in the Trustees, report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept" or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees. responsibilities statement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue
as a going concern, disclosing, as applicable, matters related to going concem and using the going concern
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no
realistic alternative but to do so.
Auditors, responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors. report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The exient to which our prO￿dureS are capable of detecting irregularities,
Page 8

THE AIMWELL CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE AIMWELL CHARITABLE TRUST
(CONTINUED)
induding fraud is detailed below..
Enquiring of management and those charged with governan￿ around actual and potential litigation and claim
Reviewing board meeting minutes of meetings of those charged with governance.,
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.,
Performing audit work over the risk of management override of controls, including testing of joumal entries
outside the nomial course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
-uklauditorsres
onsibilities. This description forms part of our
Auditors, report.
Use of our report
This report is made solely to the charity's trustees, as a body. in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an Auditors, report and for no other purpose.
To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the
charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
EEL Atidit LLP
BKL Audit LLP
Chartered Accountants
Statutory Auditor
35 Ballards Lane
London
N3 1XW
Date: 2910112026
BKL Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 9

THE AIMWELL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
As restated
Total
funds
2024
Unrestricted
funds
2025
Total
funds
2025
Note
Income from:
Investments
608,142
608,142
828,515
Total income
608,142
608,142
828,515
Expenditure on:
Raising funds
Charitable activities
3,689
756,602
3,689
756,602
5, 033
1,068, 825
Total expenditure
760,291
760,291
1,073,858
Net expenditure before net gainslllosses) on
investments
Net gainsl(losses) on investments
{152,149
82,099
(152,149)
82,099
(245,343)
(89,197)
Net movement in funds
170,050)
{70,050)
(334, 540)
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
13.618,640
170,050
13,618,640
(70,050)
13,953,180
(334, 540)
Total funds carried forward
13,548,590
13,548,590
13,618,640
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 21 form part of these financial statements.
Page10

THE AIMWELL CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Investments
13,501,197
13,593,466
13.501,197
13,593,466
Current assets
Cash at bank and in hand
59,393
37,174
59.393
37,174
Current liabilities
Creditors.. amounts falling due within one
year
10
(12,000)
(12,000)
Net current assets
47,393
25,174
Total net assets
13,548,590
13,618, 640
Charity funds
Unrestricted funds
12
13,548,590
13,618,640
Total funds
13.548,590
13,618,640
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Geoffrey Jayson
Trustee
2910112026
The notes on pages 13 to 21 form part of these financial statements.
Page11

THE AIMWELL CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
As restated
2024
2025
Cash flows from operating activities
Net cash used in operating activities
1760,291) (1,252,252)
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of investments
608,142
828,515
1,271.501
666,478
1737,855) (1,9T7,605)
1359,278)
1, 757,855
Purchase of investments
Movements in short term deposits
Net cash provided by investing activities
782,510
1,275,243
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
22.219
22.991
37.174
14,183
Cash and cash equivalents at the end of the year
59,393
37,174
The notes on pages 13 to 21 form part of these financial statements
Page 12

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Aimwell Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initialty recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income re￿1vable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity- The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity- Direct costs attributable to a single
activity are allocated directly to that activity- Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on raising fijnds indudes all expenditure incurred by the Charity to raise funds for its
charitable purposes and indudes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1 A Interest receivable
Interest on funds held on deposit is induded when receivable and the amount can be measured
reliably by the Charity-, this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
Page13

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.5 Investments
Fixed asset investments are a fomi of financial instrument and are initialty recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Lossesl
on investments, in the Statement of financial activities.
1.6 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has re￿IVed as advanced payments for the goods or ServI￿S it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability- The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.8 Financial instruments
The Charity only has finanaal assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the ex￿ptIOn of bank loans which are
subsequently measured at amortised cost using the effective interest method.
1.9 Fund accounting
General frjnds are unrestricted fijnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 14

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestricted
funds
2025
Total
funds
2025
Income from Investments
Interest income
583,613
24,529
583,613
24.529
608,142
608,142
As restated As restated
Unrestricted
Total
funds
funds
2024
2024
Income from Investments
Interest income
780,657
47,858
780,657
47,858
828,515
828,515
Expenditure on raising funds
Fundraising trading expenses
Unrestricted
funds
2025
Total
funds
2025
Investment management fees and bank charges
3,689
3,689
Page15

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds (continued)
Fundraising trading expenses (continued)
Unresfricted
funds
2024
Total
funds
2024
Investment management fees and bank charges
5, 033
5, 033
Anatysis of grants
Grants to
Institutions
2025
Total
funds
2025
Grants, Supporting good causes
744,002
744,002
Grants to
Institutions
2024
Total
funds
2024
Grants, Supporting good causes
1,056,699
1,056,699
During the year, the charity made 26 grants totalling £744,002 (2024. 36 totallng £1,056,699) to a variety
of charities in accordance with the grant making policy. All grants were made to institutions.
A full list of grants paid is available on request in writing from the charity's principal address which is
shown on the page detailing administrative information.
Page 16

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Anatysis of grants (continued)
The Charity has made the following grants in eX￿sS of £50,000 to institutions during the year:
2025
2024
Name of institution
British Friends of the Hebrew University
Community Security Trust
The Portland Trust
United Jewish Israel Appeal
140,090
100.000
78,223
236.800
256,457
100, 000
t 62, 822
230,000
555,113
749,279
Other grants to institutions
188,889
307,420
744.002
1, 056, 699
Anatysis of expenditure on charitsble activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Supporting good causes
756,602
756,602
Unrestricted
funds
2024
Total
2024
Supporting good causes
1, 068, 825
1, 068, 825
Page17

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Anatysis of expenditure by activities
Grant
funding of
activities
2025
Support
costs
2025
Total
funds
2025
Supporting good causes
744,002
12,600
756,602
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Supporting good causes
1,056,699
12, 126
1, 068, 825
Anatysis of support costs
Supporting
good
causes
2025
Total
funds
2025
Audit fees
12,600
12,600
Supporting
good causes
2024
Total
funds
2024
Audit fees
12,009
117
12,009
117
Legal fees
12.126
12, t26
Page18

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Auditors. remuneration
2025
2024
Fees payable to the Charity's auditor for the preparation and audit of the
Charity's annual accounts
12.600
12,000
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Fixed asset investments
Listed
Cash held
investments on portfolio
Total
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
Foreign exchange movement
12.978,749
614.718
13.593.467
737,855
2,143,813
2,881,668
{1.273,468) (1,782.569) 13.056.037)
106,552
106,552
(22,486)
(24.453)
11,967)
At 31 March 2025
12,527,202
973,995
13,501,197
Net book value
At 31 March 2025
12.527,202
973.995
13.501.197
At 31 March 2024
12,978.749
614, 718 13,593,467
10.
Creditors: Amounts falling due within one year
2025
2024
Accruals and deferred income
12,000
12,000
Page19

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.
Prior year adjustments
A prior year adjustment has been raised to amend the dassification be￿een income and net
gainsllosses on investments, in relation to income received from income bearing fijnds. Income from
investments is now correctly recorded as £828,515. with the net loss on investments being £89,197.
The charity's funds have not been impacted by this prior year adjustment.
12.
Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Gainsl
{Losses)
Income Expenditure
Unrestricted funds
General Funds- all fijnds
13.618.640
608,142
(760.291)
82,099 13,548,590
Statement of funds - prior year
As restated
Gains/
(Losses)
Balance at
31 March
2024
Balance at As restated
1 Apnl 2023
Income Expenditure
Unrestricted funds
General Funds
13,953. 180
828, 515 (1, 073, 858)
(89,197) 13,618,640
Page 20

THE AIMWELL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
Reconciliation of net movement in funds to net cash flow from operating activities
As restated
2024
2025
Net expenditure for the year (as per Statement of Financial Activities)
(70,050)
(334,540J
Adjustments for:
Losses on investments
Dividends, interests and rents from investments
(82,099)
1608,142)
(89,197)
(828,515J
Net cash used in operating activities
1760,291) (1,252,252)
14. Analysis of cash and cash equivalents
2025
2024
Cash in hand
59,393
37,174
Total cash and cash equivalents
59,393
37,174
15. Anatysis of changes in net debt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
37.174
22,219
59,393
37.174
22,219
59,393
16. Related party transactions
During the year, the charity made 6 grants of £455,113 (2024= £649,279) to charities of which certain
Trustees are also trustees. The grants of £140,090 (2024.. £256,457), £78,223 (2024.. £162,822} and
£236,800 12024.. £230,000) respectively were paid to British Friends of the Hebrew University, The
Portland Trust and United Jewish Israel Appeal.
Page 21