Charity number: 1112925 THE ATKIN CHARITABLE FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE ATKIN CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees, Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-14
THE ATKIN CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2024 Trustees E Atkin C Atkin R Atkin L Atkin B Gold R Carfton (appointed 27 November 2024) C Lawrence (appointed 27 November 2024) R HarTi$ Charity registered number 1112925 Princtpal office 16 Rosemont Road London NW3 6NE Secretary R Harris Accountants Nyman Libson Paul LLP Chartered Accounlants 124 Finchley Road London NW3 5JS Bankers Coutts & Co 440 Strand London WC2R OQS Page 1
THE ATKIN CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 The Trustees present their annual report together with the audited financial statements of the charity for the year 6 April 2023 to 5 April 2024. The Trustees confirm that the annual report and financial statements of the chartty comply vnth the current statutory requirements, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practice {SORP), applicable to charities preparing their accounts in accordance Yth Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102) {effective l January 2019). Objectives and activities Policies and objectives In compliance th the duty set out in section 4 of the Charities Act 2011 and in shaping our objectives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on public benefit. In deciding which institLrtions to provide grants to, the trustees given careful consideration to charities that share the foundation's objectives. b. Strategies for achieving objectives The foundats'on is established as a charity ¥those objects are the relief of poverty, distress and sickness, the advancement of education: the protection of health and for any other charitable purpose. These objects were met during the year by the making of grants. c. Main activities undertaken to further the charity's purposes for the public benefit In setts'ng objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit. running a charity IP82)'. Achievements and performance . Main achievements of the charity During the period, donations of £Nil (2023-. £Nil) were received and charitable grants of £693,000 (2023.. £659,250) were made. Financial review . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational exislen¢e for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further detsils regarding the adoption of the going concern basis can be found in the accounting policies. Page 2
THE ATKIN CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 b. Reserves policy The financial position of the foundation is strong. The foundation is funded by the private donations from the Atkin family and it is anticipated that the support of the Atkin Family will be available to the foundation as required. It is the policy of the Trustees to retain a fund of such value as to generate adequate investment income for future spending plans. The Trustees wish to safeguard the foijndation's abilty to support it's beneficiaries in the future and are to achieve this by judicious management of its resources. Totsl amount of unrestricted fund held at year end is £1,326,152 (2023.. £1,990,332). Structure, govemance and management Constitution The Atkin Charitable Foundation is a charity set up by a trust deed dated 20 January 2006, which allows for the activities covered by the chanty's objective with no specific restricts'ons. The Atkin Charitable Foundation is registered as a charity wtth the Charity Commission. b. Methods of appointment or election of Trustees The trustees are appointed by invrtation of the original settlors of the Charitable Trust to a maximum number of six. . Organisational structure and decisionwrnaking policies The trustees meet at regular intepials to discuss and formulate policy which they implement. There are no paid employees. d. Policies adopted for the induction and training of Trustees The induction and training of trustees is carried out informally by existing trustees. Financial risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity. and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. The chanty's financial control systems have been reviev•ed by the trustees and they are satisfied that these are appropriate to the types of ath'vities undertaken by the charity. The trustees are satisfied that any major risks have been identified and have been mitigated Plans for future periods The Atkin Charitable Twst plans to continue to operate into the forseeable future wth the continued objective of providing grants to institutions working towards the relief of poverty. distress and sickness. Page 3
THE ATKIN CHARITABLE FOUNDATION TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practs'ce). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year vthich give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources. including Éts income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policie5 and then apply them ¢onsistently', observe the methods and principles of the Charities SORP (FRS 1021., 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 finanaal statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity V1[ continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safegLtarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulanties. Approved by order the members of board and signed on their behalf by.. Trustees on R Harris (Trustee) Page 4
THE ATKIN CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent Examlner's Report to the Trustees of The Atkin Charitable Foundation (Yhe charity,) I report to the charity Trustees on my examination of the accounts of the chartty for the year ended 5 April 2024. Responsibilities and Basis of Report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {Ihe 2011 Act'l. I report in respect of my examination of the chanty's accounts camed out under section 145 of the 2011 Act and in carrying out my examinaknon I have followd Ihe applicable Directions given by the Chanty Commission under section 145{5)(b) of the 2011 Act. Indepondent Examinerfs Statement Your attention is drawn to the fact that the chanty has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Pracbce applicable to charitses preparing their accounts in accordance vAth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounts'ng and Reporting by Chanties. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been wthdravm. l understand that this has been done in order for the accounts to provide a true and fair wew in accordance with the Generalty Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have Completed my examination. I confimi that no matters have come to my attention in connection th the examination giving me cause to believe that in any matenal respect.. accounting records were not kept in respect of the chanty as required by section 130 of the 2011 Act,. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements conceming the fom and content of accounts set out in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view %4thich is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in conneth.on ith the examination to thhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charty's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent pem)itted by law, I do not aCpt or assume responsibility lo anyone other than the charity and the charity's Trustees as a body. for my work or for this report. Signed". Dated.. 3 March 2025 Andrew Thomas ACA Nyman Lihon Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS Page 5
THE ATKIN CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Investments 35,604 35,604 8,897 Totsl income 35,604 35,604 8,897 Expenditure on: Charitable activities 699.784 699,784 666.097 Total expenditure 699,784 699,784 666,097 Net movement in funds {664.180) (664,180) (657,200) Reconciliation of funds: Total funds brought forward Net movement in funds 1.990.332 (664.180) 1,990,332 (664,180) 2,647,532 (657,2001 Total funds carried forward 1,326,152 1,326,152 1,990,332 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 14 fonn part of these financial statements. Page 6
THE ATKIN CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Current assets Cash at bank and in hand 1.333.472 1,997.652 1,333,472 1,997,652 Creditors.. amounts falling due within one year 10 (7,320) (7,320) Net current assets 1,326,152 1,990,332 Total net assets 1.326,152 1,990,332 Charity funds Unrestricted funds 1,326,152 1,990,332 Total funds 1,326,152 1.990,332 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: on R Harris (Trustee) The notes on pages 8 to 14 fomi part of these financial statement5. Page 7
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General infomiation The Atkin Charitable Foundation is a charity registered in England & Wales. Its registered office address is 16 Rosemont Road, London, NW3 6NE. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wth the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance wth the Financial Reporttng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a Irue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved followng the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 Apnl 2005 which has since been withdrawn. The Atkin Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transath.on value unless othewse stated in the relevant accounts'ng policy. The charity's fijnctional and presentational currency is GBP. 2.2 Fund accounting General funds are unrestricted funds ththich are available for use at the discrelion of the Trustees in furtherance of the general objectives of the chanty and vthich have not been designated for other purposes. Investment income, gains and losses are allocated to the appropnate fund. 2.3 Going concem The trustees have reviewed the circumstances of the charÉty, and consider that adequate resources continue to be available to fund the activities of the charity for the foreseeable future. The trustees consider that there are no material uncertainties about the chanty's ability to continue as a going concem. 2.4 Income All income is recognised once the chanty has entitlement to the income, it is probable that the income wll be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 8
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies Icontinued) 2.5 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 wll be required in settlement and the amount of the obligation can be measured reliably. Grants payable are charged in the year the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure vthen the conditions attaching are fulfilled. Grants offered subjecl to conditions véhich have not been met at the year end are noted as a commitment, bul not accwed as expenditure. Govemance costs are those incurred in connection with the administration of the charity and Gompliance constitutional and statutory requirements. 2.6 Interest receivable Interest on funds held on deposit is included wthen receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the instrtution wth vthom the funds are deposited. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short matunty of three months or less from the date of acquisits-on or opening of the deposit or similar account. 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheel date as a result of a past event, it is probable thal a transfer of economic benefit wll be required in settlement, and the amoLtnt of the settlement can be ests'mated reliably. Liabilities are recognised at the amount that the charity anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods or service5 It must provide. 2.9 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic finanual instruments are initially recognised at transaction value and subsequently measured at their settlement value. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors. including expectats'ons of future events that are believed to be reasonable under the Circumstan5. Critical accounting esb'mates and assumptions.. There are no accounting estimations or assumption5 in the accounts that are considered to be critical. Page 9
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Investment income Unrestricted funds 2024 Total fund5 2024 Total fijnds 2023 Investment income 35.604 35,604 8,897 Analysis of grants Grants to Institutions 2024 Totsl funds 2024 Grants payable to instttutions 693,000 693,000 Grants to Institutions 2023 Total funds 2023 Grants payable to institutions 659,250 659,250 Page 10
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 5 APRIL 2024 Analysis of grants payable to institutions 2024 2023 Ability Net Aizheimers Society Anglo Israel Association British Library Camp Simcha Canng Matters Now Chai Cancer Researth Chatham House Community Security Trust Design Museum Great Omiond Street Hospitsl Hackney Empire Hampstead Theatre JAMI 10,000 10,000 10,000 10,000 10,000 10,000 55,000 20,000 30,000 25,000 15,000 35.000 25,000 10,000 20,000 30,000 25,000 10,000 25,000 25,000 15,000 10,000 40.000 15,000 10,000 10,000 35,000 Jewish Care JW3 Trust London Symphony Orchestra Macrnillan Cancer Magen David Adom UK Marie Curie Foundation National Holocaust Centre & Museum National Theatre Noahs Ark Hospice Nor*vood Refuge Roundhouse Trust Royal Academy of Arts Royal Opera House Foundation Stroke Associations St Johns Hospice Tate Foundabon The Henry Jackson Society Victoria and Albert Museum Grants of £8,000 and below 30,000 10,000 10,000 10,000 10,000 10.000 10,000 10,000 12,000 20,000 20.000 25.000 25,000 10,000 75,000 8,400 35,250 80,000 8,400 35,000 10,000 20,000 20.000 15,000 15,000 35.000 20,000 80,600 20,000 117.600 693,000 659,250 Page11
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure by activities Grant funding of activities 2024 Support costs 2024 Total funds 2024 Grants payable to institutions 693,000 6,784 699,784 Included wthin support costs are govemance costs of £6,900 (2023.. £6,847) consisting of legal, professional and independent examination fee5 directly attributable to the govemance of the charity. Grant funding of activities Support costs 2023 Totsl funds 2023 2023 Grants payable to institutions 659,250 6,847 666,097 Independent exavninerfs remuneration 2024 2023 Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts 3,600 4,020 Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 5 April 2024, no Trustee expenses have been incurred {2023- £NIL). Page 12
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 10. Creditors: Amounts falling due within one year 2024 2023 Accruals 7,320 7,320 11. ststement of funds Statement of funds - Current year Balance at 6 Apnl 2023 Balance at 5 April 2024 Income Expenditure Unrestricted funds General Funds- all funds 1,990,332 35.604 (699,784) 1,326,152 Statement of funds - prior year Balance at 1 April 2022 Balance at Income Expenditure 5 April 2023 Unrestricted funds General Funds- all funds 2,647.532 8,897 (666,097) 1,990,332 12. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets 1,333,472 {7,320) 1,333,472 (7,320) Creditors due wthin one year Totsl 1,326,152 1,326,152 Page 13
THE ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 12. Analysis of net assets bet%*en funds (continued) Analysis of net assets between funds - prior period Unrestricted funds 2023 Totsl funds 2023 Current assets Creditors due wtthin one year 1,997,652 {7,320) 1.997,652 (7.3201 Total 1,990,332 1,990,332 13. Related party transactions Govemance costs includes £3,000 (2023- £2,700) in respect of professional services payable to Adler Shine LLP, a firm in which R Harris is a consultant. Page 14