COMPANY REGISTRATION NUMBER: 5935154 CHARITY REGISTRATION NUMBER: 1116744 Alliance Publishing Trust Company Limited by Guarantee Unaudited financial statements 31 December 2023 0 5 MAR 7n?4
Alliance Publishing Trust Company Limited by Guarante• Flnanclal statements Year ended 31 December 2023 Pag• TNst•aS' annual report lincorporaling the directors. report) Independent examiner's report lo the trustees Stalernent of financial activities lincluding income and gXP9ndilure account io B81ance sh88t 11 Statement of cash flows 12 Notes to the financial statemen15 13
Alllance Publishing Trust Company Limited by Guarantee Trust•es' annual report (incorporating the directors, report) Year ended 31 Decemb•r 2023 Th8 Iruslees. who are also the direclors for th8 purposes ol company law. present their reFort and the unaudi18d financial statements of the charity for the year ended 31 December 2023. The financial slalemenls have been prepared in accordance with the accounting polici8s set out in notes lo the accounts and comply with the Charity's goveming document, th8 Charities Act 2011 and Compani8s Act 2005 and Accounting and Reporting by Charilies.. Stalemenl of Recommended Practice applicable lo chariti&s preparing their accounts in accordance with th8 Financial Reporting Slandaid applicable in the UK and Republic ol Ireland published in October 2019. Aerance and admlnlstrative dgtalls R•glst•red charity n*m¢ Ajliance Publishing TTLisI Charity r•glstration number 1116744 Company r•glstration numb•r 5935154 Prln¢lp•l Off1 and reglstered offi¢• 15 PrgscoII Place London SW4 6BS The tru$tso$ The Injstees vtho seNed dvring the year and al the date ol approval were as follows.. hxelle Davez8C Robin Heller (Appointed 24 Nov8mber 20231 Fozia Irfan Elizabeth McKeon Caroline McLaughlin Felix Oldenburg (Resigned 25 May 20231 Stefan Schaefers (Resigned 25 May 20231 Joel Toner Waltèr Veirs Max-Ferdinand Von Abendroth IAprx)inled 24 Novemkr 20231 Alejandro Von Gusledl (Appointed 24 November 20231
Alliance Publishing Trust Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (¢Onlthu•dJ Year •nded 31 December 2023 Prin¢ipal staff David Drewery (Executive Direclorl Charfes Keidan (Executive Edilorl Bank•rs Bardays Bank plc PO Box 32016 London NW1 2ZH Company secretary D8vid Drewèry Indend*nt •xaminer M Proetor FCA DChA Lovewell Blake LLP Chartered accountants Bank5ide 300 Peachman Way Broadland Business Park Norwich NR7 OLB Sollcltors Bal8s Wells & Brailhwaile London LLP 24 Cannon Street London EC4M 6YH
Alliance Publishlng Trust Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (conlinued) Year ended 31 December 2023 Obja¢tivos and activities Alliance Publishing Trust is a regislared charity under the Charities Act. The objects of IhÈ charity are- To promote the efficiency and effectiveness ol charities and the 8ffeclive use of charitable resources for the public benefil by.. publishing ioumals. reports 3nd other matèrial relatin9 lo Ihe adminislralion an(J eff8cliveness of charities and the effective use ol charilable resources,. and ¢onveniry discussion and dialoguts on these issues. Roviow of actlvitie$ Alliance Publishing Trust IAPTI was sel up as an independent organisation on 1 January 2007 with the primary rèsponsibility ol publishing Alli8rJce m8g8zine, 8 quarterly m8ga2inè on philanthropy and social investment with a global subscriber base of approximately 16.814 oTganisalions and individuals as al the end 012023. In 2024 w8 aim lo increase our subscriber base by 70/y lo 18.000. Alliance magazine has been in existence for 27 years since it launched in 1996. From the beginning of 1998 until Ihè and of July 2001, it was published by Charities Aid Foundalion ICAFI. From 200110 2007, it was publlshed by Allawda. Purpos• and •lms The Iruslees raview the aims, objectives and activitses of Ihe charity each year. This report looks al what the charity has athieved and the out¢oTrS of ils work wilhin Ihe last 12 months. The Iruslees report the success ol each key activity an4J the benefits Ihe ¢harity has broughl to I)se groups of people that il is sel up to help. The review also helps the Irust8ès ensur8 the charity's aims, objectives and aclivilie5 Temaine locused on ils staled purposes. The trustees have referred lo the guidance contained in th8 Charily Commission's general guidance on public benefit when reviewing the ¢haiity's aims and objeclives and in planning ils future aclivilies. In particulai, the trustees consider how planned aclivitias will contribute lo the aims and objectives that have been sel. Promoting the efficiency and effe¢liveness of charitiès is r8cogniz8d as providing a public benefit by thè Charity Commission. The material we publish is either distributed free of of charge or paid for through modest subscriptions. and is available globally lo anyone who would like it.
Alliance Publishing Trust Company Llmlt•d by Guarantee Trusteos, annual report (incorporating the directors, r•port) l¢onthiu•ol) Year ended 31 December 2023 A¢hiov•m•nts and performance Apfs core publishing attivitiès arè to.. publish four issues ol Alliance magazine annually. in print and dmjitsl versions, produce 48 Issues ol Alliance Extra annually". publish trKJlh paywalled & free-lo-view articles and inlèrvi8ws on AIINan¢è website., publish daily Iree-to-view news, opinion and conference reports via our Lalest from Alliance plarform.. publish three regular cdumns on ClimalePhilanlhropy2030, Editor's comment, Funding Pracli¢e & Funding Praclre. All Ih8se actiwlies were successfully carried out in 2023. The themes covefed by the four issues of the magazine in 2023 weTe'. March 2123- Transfomiation on the agenda June 2023- NÈW giving vehiTcles and tools September 2023 - Translating SDG language into local diahcts D•c•mb•r 2023- PhllanthrDPy •ndpolitic$- re does th• dlvldlng Ilne fall? Al Iho ond of 3)23, Alltance had a subscriber base 0116,814. an increase o111'1D on 2022. This is made up of a mix ol roid subscriptions and fr88 digital Gopi8s for individuals and organi5ations in developing countries. In larm5 01 readership. we finished the yèar wilh a loial r8ad8rship Iprinl, digital and controlled circulation) of 35, 128 an increasÈ ol nearly 10QA on 2022. Alongside the increase in paid subs¢riptions in 2023, wè saw a large growth in our free subscription scheme. We ate plèased lo continu8 to offer this scheme to all those working in over 160 countrie5. Our What's new?, emails and their subscriber only counlerparts Were produc8d twice a week in 2023. This allowed us lo disseminate rnore ol our frèe cont&nl and gave us more opportunities lo promote the value ol our paid content. We now have over 16.000 people signed up lo r8ceiv8 this fr88 digital newsletler, which provides a strong base ol potential subscribers. We continued lo host regular events includiny ones focused on th8 sp8cial féature ol 8ach magazine. We fed these add¢d to our presence and credibility in the field. the even15 now produG8 a good incom• str8am for us and we have been using these events lo er)gagè with non-subseribÈrs. Our events in 2023 were primarily digital in line with our global mission and had an average of 680 peotAe registering per event across our annual programme of twelve events which w9r9 all suc¢essfully delivered. We continued lo produce free content and disseminale il Ihrough our nelwork and the Lalesl from Alliance blog has gone from strength 10 51renglh. We continue lo offer news. opinion and conference reports on a daily basis. The website continue5 lo regularly provide both magazine and oxclusive online articles that are free lo 18ad by all. Our conference calendar continues lo keep read&rs up lo datt with sector 8venls and everyone can make Ihe most ol our archive ol over 8,000 articlès by browsing by content type, Iheme or region, allowng readers lo gel 8lr8ighl lo thts Informalion that matters lo th8m. We have also *xpandèd our social media presence in 2023 with furlher increases in followers across Ihreg platfoms. We shore èverything we do via th8se mediums and this dedicated approach has allowed us lo r$a¢h ngw audiences.
Alliance Publishing Trust Company Llmlted by Guarantee Trustees, annual report (incorporating the directors. report) IcontlntsoE1J Year ended 31 December 2023 Fin•n¢lal r•vl At the end of 115 Seventeenth year. APT is well estsblish8d as an indèpendènl organizalion with relevant financial, humBfb resources And opérational processes in place. Our aclivilies produced a net £143,339 surplus in 2023 {2022". £239,465) with our nel assets at the end of the year amounting lo £689,223 12022.. £545,884) with £361,779 12022.. £298.6761 designated lo future years. reslri¢led funds of £Nil 12022.. £3.1931 and £327.444 {2022'. £244,015) consbluling our current level of free reserve al thè Ènd ol th8 year. In 2024 we predicl we will finish the year with a similar level of healthy resewve which is in li with our cuffenl reserve policy. We hope the reserve we will have remaining by the end of 2024 will continue lo hèlp with any funding shortages in the futu. The Iruslees would like to express their graiitude to the following organisalions, whi¢h fund APT.. C3loust8 Gulbenkian Foundation Charles Slewart Molt Foundation Conrad N Hilton Foundation Fondation de France King Bawsouin Foundation Oak Foundation Open So¢ièty Foundations Robert BDsGh Slillung William and Flora Hèwlètt Foundalion The long-lerm support of our lunders. and that of our growing numb&r of sponsor subscribers, is essential to APT'S continued successful operation. APT was plea$ed lo increase ils 5taifing level Its nine 16.7 FTEI, this enabled us lo ¢arry oul activiti•s oullined below and lo strengthen our efforts lo increase eamed income from subscriptions, advèrtising and publishing.
Alliance Publishing Trust Company Limited by Guarantee Trustees, annual report (incorporating the dlrectors. report) (¢onllnu•d) Year ended 31 Decemb•r 2023 Flnan¢lal revlow Iconllnued) Rèserves pollcy The Board ol Trustees has examined the requirements for holding an appropriate 18vel of unrèstftctèd rÈs8rves in order to safeguard the day-to-day running ol the charity and provide undèrlyin9 financial stability lo protect ils Ipng-lerm projerls. APT aims to hold no less than 400/0 of our annual operabng budg•t al all limes and strives lo hold as much as 50°A. As al 31 December 2023, fr8e reseTves lolallgd £327,444, representing 430/0 of projected 2024 core expendilure. Remuneration p¢ll¢y The pay and remuneration ol key manag8m&nl personnel, along with all other staff, is delerminèd by the board ol trus1S at the point of recruilmenl based on the roles and responsibilities and an evaluation of the sector lor comparable roles. Any increase in this remuneration is delermined by the board of Iruslees at an annual meeting based on performance against the aims of the charily and their role wilhin that. Rlsk statement The Board of Truslees has examined the major risks lo which APT is exposed and systems have been established lo mikngate these llsks. APT maintains an adive risk rogist8r and busines5 conlinuily plan. The large51 risk facing APT is Ihe disconlinuing of core granl lunding. To mitigate Ihis risk, APT has since 2012 pursued o plan of incroasing non-grant income to increase the suslainabilily ol the organisalion and limit the effect a funding withdrawal would hav8 on our annual operations. It also maintains a sensible rèserves policy 15ee above} which would provide the required time lo seek altemative income sources should the situation arise. Asset cover for funds The assets ol Ihe Irusl are sufficient lo m881 the Irusl's obligations on a fund by fund basis. Plans for future p8rlod$ We shall continue lo focus on our piincipal areas ol activity, ie publishing Alli8n¢e magazine and Iree-Io- view online ardcles and inlervigws plus daily blog posts on our Lalesl Irom Alliance blog site. Upcoming themes lor the magazine includè 'N8w Leaders in Phil8nlhropy' & 'Philanthmpy ènd the common good'we are looking lo fvrther build our online presence and to increase all fom)s ol r8Bdership, both paid and free subscribers. WE will continue lo host nTh)nlhly events. 2024 will see the appoinlmenl of a new lull time magazine editor as well as a new parl timè IT & Data manager to allDW us lo slay on lop of our expanding contacts. In addition wè will engage Ihree more regional representslivgs wth two in Africa and one in the Gulf lo help us grow our neorkS an understanding of philanlhropy in this regions. We will also be expanding our climale coverage, launching an inclusion fund lo further diversify those that contribute lo Allianc8, 8xpanding our event programme and building & launching a new web511e.
Alliance Publishing Trust Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) fcofttlnuedj Year ended 31 De¢ember 2023 Structure, governaneè and manag•m•nt The or9anisallon is a charitable company limitsd by guaranlag, incorporated on 14 September 2006 and regisler8d as a charily on 10 November 2006. The company was established und8r a Memorandum of AssocialK)n which established ihg objects and powers of ihe chaiilable company and is govemed under 115 articles ol association. All irustees give their lime voluntarily and receive no benelits from the charity. Any gxpenses rfjclaimed from the chanty are sel out in note 14 to the accounls. Any business relationships between thè tiustèès and Alliance Publishing Trust IAPTI arè sel out in note 22. Member5 01 Il* Charity guarantee lo contribute an amount not exceeding £1 lo the assèts of the charity in the event ol ¥vinding up. The lotal number ol such guarantees al 31 Dècèmber 2023 was nine 12022 eighll. The Iru$lees are m&mbers of Ihe charity bul this entitles them only lo voting rights. The IruslèÈs have no beneficial interest in the charity. Appointment of trustee5 As s&t out in the Articles ol Association new Irustaès ar8 appointed by resolution of the existing trustèes. Thère should be no fewer Ih¥n three Ifuslees. Trustee induction and tralnlng New trustees are fully briefed on their legal obligations under ¢harity and company law and on the conlenl ol the Memorandum and Articles ol As50cialion. All new truslè8s ar8 provid8d with a copy of the Charity Commission's The Essential Trustee. Organlsation The Board of Trustees (minimum ol Ihree m8mbersl administers the charity. The board meeis twice a year An Executive Direclor is appointed by the Irusle6S to manage the day-to-day operations of thè charity. To lacililale effectlve op•ralions, the Execulive Director has delegated authority. within terms of delegation approved by thE Iruslees, for operational matters including financè, Èmployment and development activity.
Alliance Publishlng Trust Company Llmited by Guarantee Trustees. annual report (incorporating the directors. report) f¢oniiftts•d) Year ended 31 December 2023 Stru¢tur•, gov•man¢• and management (¢ontlnu•d) Tru$te¢$ and Memb•r$ of th• Board Ax811e Davezac Robin Heller Fozia Irfan Elizabeth McKeon Caroline McLaughlin Joel Toner Waltèr V8irs Ma¥-Ferdinand Von Abendrolh Alejandro Alvar8z Von Gustedl Fondation de France The Athena Advisor5 BBC Children in Need Ikea Foundation Heriot Row Advisors Non Profil Quarterly Charles Stewart Moll Foundation Rockefeller Philanthropy Advisors Alllaneè Editorial Advisory Council The Alliance Editorial Advisory Council is a group of individuals from all aroLsnd the world, each of whom ha5 expertise •nd oxperien¢e in a particular èrea of relevance lo Alliance. Their role is lo advise Ihe editor on all edil0ri81 mattèrs. éspeGially on th6 selecb'on ol special feature5 and choice ol guest editors. The Board of Truslees exlend their thanks lo Ihe Editorial Advisory Council for their help and contributions over the year. Rèlatsd partlas Alliance Publishing Trust is grateful lo receive core financial support from Calousle GuInkIan Foundation, Charles Stewart Mott Foundation, Conrad N Hilton Fovr)dalion. Fondalion de Fran¢e, King Baudouin Foundation, Oak Foundalion, Open Society FoundalKins. Robert B05ch Slillung, William and Flora HewlÈtt Foundalion In 2023. Chailes Stewart Motl Foundation. Fondation de France and King Baudouin Foundation have mèmbèrs of staff on Ihe Board ol Truslees. Small comwny provi$ion$ This report has been prepared taking advantage of the small companies. exemption of soclion 415A of the Companies Acl 2006. The Iruslee5' annual report was approved on s by.. and signed on behalf ol the board of er Veirs Trustee
Alliance Publishing Trust Company Limited by Guarantee Independent examinerfs report to the trustees of Alliance Publishing Trust Year ended 31 December 2023 I report lo the charity trustees on my examination of the financial slalemonls of the company for the year ended 31 December 2023 which comprise the statement of financial aclivitiès (including income and expenditure account), balance sheet. stalemenl of cash flows and the related note5. Responsibilitlts and basls of r•port As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible Iix the preparation of the linancial slalements in accordance with the requirements ol the Companies 20061.lhe 2006 Act'i. Having s8tish'8d myself Ihal the financial slalemen15 of the company are nol required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respecl ol my èxamination ol your company's financial siatemenls as carried oul under section 145 of the Charilies Act 2011 I'lhe 2011 Acl'l. In ¢arrying oul my examination I have followed the Directions given by the Charity Commission under section 1451SMbl ol the 2011 Acl. Ind•p8ndent •xaminerfs ststoment Since the charfly's gross income exceeded £250.000 your examiner musl b8 a rnefflber ol a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the Èxamination bècausè l am member ol the Inslitule of Chartered Accountants in England and Wales IICAEWI. whi¢h is one of the listed bodies. I have compleled my examination I confim th8t no matters have come to my attention in connection with Ihe examination giving me cause lo believe th81 in any maleiial respect.. accounting records were not kept in respect of thé company as required by seclion 386 of the 2006 Act.. or Ihe financial statements do rK>I accord wth thosè r8cords,' or the financial 51alemen15 do not comply wth the accounling rèquirèments of section 396 of the 2006 Act other than any requirÈmÈnt that thè accounts give a 'true and lairf view which is not matter considered 8$ part ol an independent examination.. of the financial statements have not been prepared in acc¢ydance with the methods and principles ol the Statement of Recommended Practice for accounting and reporting by charitiès applicable to ¢harities preparing their accounls in accordanc8 wilh the Financial Raporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. I havg no ¢onoerns and have come across no other matters in connection with IhÈ èxaminalion lo which attention should be drawn in this report in order lo enable a propèr undÈtstanding of the accounts lo be reached. M Proctor FCA DChA Independent Examiner Lovewell Blake LLP Chartered ac¢wnlants Bankside 300 Peachman Way Broadland Businèss Park NLIMi¢h NR7 OLB 2610312024
Alllance Publishing Trust Company Limiled by Guarantee Statement of financlal actlvities (Including Income and expenditure account) Year ended 31 December 2023 2023 Restricted funds 2022 Unrgslrictèd funds Tolal fund5 Total funds Note Incomè and endowments Donations and legacies Charitable a¢livities Investment income 244,571 321,450 5,417 159,893 404,464 321,450 5,417 434,583 254.813 348 Totsl incom• 571,438 159,893 731,331 689,744 ExpÈndltur• Expenditure on raisin9 fLJnds'. Raising funds Charitable activities 47,263 375,759 23,828 141,142 71,091 516.901 59,882 390.397 Total exp•ndltur• 423,022 164,970 587,992 450,279 Net in¢om• b•lor• transhr of fund$ 148,416 15.0771 143.339 239,465 Transfers betwen funds {1,8841 1,884 Not M0ment in funds 146.532 13,1931 143.339 239.465 Reconciliation of funds Tolal funds br(xJghl forward Total fvnds carrl•d forward 542.691 3,193 545.884 306,419 689,223 689.223 545,884 The 51alement of financial aclivilies includes all gains and losses recognised in the year. All income and expenditure derive Irom continuing activikn8S. Th• not•$ on pages 13 to 22 torm part of th•sè flnancial statements. io-
Alliance Publishing Trust Company Limited by Guarantee Balance sheet 31 December 2023 2023 2022 Note Current a5s•ts Debtors Cash at bank and in hand 15 142,698 599,489 64,429 592.241 742.187 656.67 erodltors: Afflounts falling due within on• year 16 {52,9641 1110.7861 N•t current assets 689.223 545,884 Total assets l•ss current liabilities 689.223 545.884 N•t a$$?ts 689.223 545.884 Funds of th• Charity Reslricled lunds Unreslri¢led funds 3.193 542.691 689.223 Totsl charity funds 19 689,223 545,884 For Ihe year ending 31 December 2023 the charity was entitled lo gxemplion from audit under s8clion 477 ol the Companles Acl 2006 iel8lin9 to small companie5. Directors, responsibililigs.. The men*ers have nol fequired the company lo obtain an audit ol its financial statements lor Ihe year in questic in accordance with section 476., The diredors acknowleilge their responsibilities lor complying with the requirements of the Act with respect lo 8ccounling records and Ihé pr8paralion of financial statements. These finan¢ial statements have been prepared in accordance with the provisions applicable lo comp8ni8s SLJbj&ct to the small companies. regime. These financi41 statements were approved by thè board ol trust88s and authorised for issue on ..FK.Y. .fyFlnd are signed on behalf of Ihtr Iruslees by: alter Veirs Truslee Company regislration number.. 5935154 Th• notès on pag•s 13 to 22 form part of these financial staternents. 11
Alliance Publishing Trust Company Limited by Guarantee Statement of cash flows Year ended 31 December 2023 2023 2022 Cash flows from op•rating activities Nel income 143,339 239,465 Adjuslm8nls lor.. Other int8rest receivable and similar income 15,4171 13481 Changes in.. Trade and othèr debtors Trade and olhfrr ¢dI10r$ 178.269) 157.822) 1.B31 65,759 34,832 Cash generaldd from operations 339,708 Inleresl receive¢J 5.417 348 Net cash from operating aclivities 7.248 340,056 Ngt in¢r*as• kn cash and cash equivalents Cash and cash •quival•nts at beginning of year Cash and Cash equlval•nts at end of year 7,248 592,241 340.056 252,185 592,241 599,489 Th• not•s on pag•s 13 to 22 form part of these financial ststements. 12-
Alliance Publishing Trust Company Limited by Guarantee Notes to the financial statements Year ended 31 December 2023 G*n•ral Informatlon The chatily is a public benefit enlily and a private ¢ompany limited by guarantee. registor8d in England and Walès and a registered charity in England and Wal8s. The addres5 01 the registered office 1$ 15 Prescott PlaGe. London. SW4 6BS. statement of compllan¢• The charity conslilutes a public benefit enlity as delined by FRS 102. The financial statemenls have been prepared in accordance wilh Accounting and Reporting by Charilies.. Statement ol Recommendèd Praclice applicable lo charilies preparing their accounts in accordancè with the Financial Reporting Standard applicable in the UK and Republic ol Ireland Issued in October 2019, the Financial Rèporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Cl)arties Acl 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. Ac¢ountlng pollcles Basi$ of pr•paration The financial stslements have been prepared on the hislorical Cost basis, as modifietl by Ihe revaluation of certain Items al fair value. The financial statements are prepared in sterling. which is Ihe funclional currency of the entity, and rounded lo the nearest £. Golng concèrn The financial slalemenls have been prepared on a going concern basi5 as thè Trustees believe that no material uncertainlie5 exist. The Trustees have considered the lev&1 of funds held and the expéctèd lèvel ol income and expenditure for 12 months from aulhorising these financi81 stalemenl5. The budwled income and expenditure is suffici8nt with the level of reserves loi the ¢harily lo be able lo continue as a going concem. Ineomè l income is included in the slalement of financial activities whgn enlillemenl has passed lo the haiity. it is probable that the economi¢ benèfits associated with the Iransaclion will flow lo thè charity and the amount can be reliably measuréd. The lollowng specific policies aré applied to particular calegories of Income.. income from donaliorhs or gianis, whether 'capilal' grants or 'rèvÈnu8' granls, is recogni5ed when therè is 8vidence ol enlillemenl lo the funds. any performance conditions attached lo the granis have been mel. receipt is probable and ils amount can bè measured reliably and is nol deferred. intèrest on Ivnds held on deposit is included when receivable an(t the amount can b8 measured reliably by the charity., this is nomally upon notslicalion ol the interest paid or payable by ihe bank. Expenditur• Expendilwe is reco9nised once there is a legal or constructiv8 obligation lo make a payment to 8 third party, il Is probable that setllemenl will be required and the Amount of lh8 obligation can be measured reliably. 13.
Alliance Publishing Trust Company Limited by Guarantee Notes to the flnanclal statements f¢¢Mtinuedl Year ended 31 December 2023 A¢¢ounllng pollcl•s (contlnuetl) Expendltur• 1¢onlinu) expendlluie on raising funds re1ales lo the costs incurred by the charilablts company in Inducing third pariies 10 make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. expenditur8 on charitable acliwties includes the cosls ol the magazine, publishing and restricted projects undertaken to further Ihe purposes ol the charity and their associated support costs. other empendilure in¢ludes all expenditure Ihal is n8ither r8laled to raising funds lor lh& charity nor Parl ol 119 expenditure on ¢hari¢able aclivilies. The charity is registered for VAT. and expenditure is shown nel of VAT recovered. Any VAT which cannot bè recovered is included wilhin expenditure and allribuled lo the relevanl cosl. Staff costs are allocated lo activities based on an estimate of staff lime spènt on each a¢livity. Olher overheads are allocated lo the cost ol the magazine as the amount which relates to olher aclivilies would be negligible. Operating leases Rentals payable under operating leases. where subslanlially all the Tisks and Tewards of ownership remain th the lessor, are charged lo the stalemenl ol financial activities on a slraighl line basis over Ihe minimum lease term. Debtors Jnd creditors receivable I payable within one year Dèbtors •nd creditors with no staled interest rate and receivable or payable within one year are Corded 81 trans3¢lion price. Any losses arising Irom an impairmgnt are recognised in 8xpendilu. Financial instruments The chartty only has financial assets and financial liabilitiès ol a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recorded al transaction value and subsequently me8sur9d al their selllgmenl value wilh the exception of bank loans which are subsequently measured al amorlised cost using the 8ffectiV8 intèrest method. C¥$h •t lJaLnk Cash al bank and cash in hand includes cash and short tem highly liquid inveslmenls with a short tnalurily of Ihreo ThnthS or1gs$. Oefined contribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service 15 provided. Prepaid contributions are recognise(l as an 89sel lo the exlenl Ihal the prepaym1 will lead lo a reduction in future payfflenls or a cash refund. When contributions a not expected lo be sellled wholly wlhin 12 months of the end of the reporting dale in which the employees render the related service. the liability is measuied on a discounted present value basi5. The unwinding ol the discount is recognised as an expense in the period in which il arises. 14-
Alliance Publishing Trust Company Limited by Guarantee Notes to the financial statements (con*1 Year ended 31 December 2023 Llmlted by guarantee The charfty is a company liwniled by guaranleg and has no share capilal. The liability of each member in the ev¢nt of winding up is limited lo £1. Dtsnations and l•gaeies Unreslricled Funds Reslricled Total Funds Funds 2023 Donatlon5 Donalions 456 456 Grants Charfes Stewart Motl Foundation King Baudouin Foundatson McKnighl Foundalion Fondation de France The William and Flora Hèwlett Foundation Robèrt Bosch SliftLJn9 Calouste Gulbenkian Conrad Hillon Foundation Oak Foundab'on Badr Jalar Open So¢iety Foundations 59.562 17.420 59.562 17,420 17.765 21.317 12,207 85.179 17,765 21,317 12,207 85.179 45.929 56.392 27,600 45.929 117.029 27.600 60,637 244,571 159,893 404.464 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 627 627 Grants Charles Stewart Motl Foundation Kin9 Baudouin Foundation McKnight Foundation Fondation de France The William and Flora Hewlett Foundation Robert Bosch Slillun9 Calousto Gulbcnkian Conrad Hllton Foundation Oak FouThJats'on Badr Jalar Open Society Foundations 60.140 16.292 60,140 16.292 13,096 142.368 13,096 142,366 16.536 16.536 36,722 102,366 29,400 17.034 36,722 42,896 29,400 59.472 17,034 325,565 109,018 434.583 15-
Alliance Publishing Trust Company Llmited by Guarantee Notes to the flnancial statements l¢ontlnu8dl Year ended 31 December 2023 Charltable actlvltles Unrestricled Total Fund$ Unrestri¢ted Total Fund5 Fund5 2023 Funds 2022 Subscripts'ons Sponsors subscriptions Advertising Single Copy sales Event income Membérship Other income 40.564 150.219 81,694 835 45,725 1,413 1,000 40.564 150.219 81.694 835 45,725 1,413 1.000 39,797 129,055 59,478 2,821 22,537 1.125 39.797 129.055 59,478 2,821 22,537 1,125 321,450 321,450 254.813 254,813 Investment incomè Unrestricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Bank interest recgivabl8 5.417 5,417 348 348 Ralslng fund$ Unreslricled Funds Restricted Total Funds Funds 2023 Wag8s and salaries 47.263 23.828 71,091 Unrèstncted Funds Restricted Total Funds Funds 2022 Wages and salari8S 59,882 59,882 16
Alliance Publishing Trust Company Limited by Guarante• Notes to the financial statements Icontlftuedj Year ended 31 December 2023 ExpeTrdilure on ¢haritabl• aetlvltl•s by fund typ• UnrestrictÈd Funds Rèstricted Total Funds Funds 2023 Staff costs Property costs Other co81s Govemance c051s 261.099 6,881 103,464 4.315 35,814 2,719 102,609 296,913 9,600 206,073 4,315 375.759 141,142 516,901 Unrèstrictèd Funds Restricted Total Funds Funds 2022 Staff costs Properly ¢osls Other costs Governance costs 156.910 9,600 111.770 4.195 79,286 236.196 9.600 140.406 4.195 28.636 282.475 107,922 390.397 10. Analysis of gov•rnan¢• costs 2023 2022 Indepèndent èxamination Accounls pparall0n 3,055 1,260 2,965 1.230 4,315 4.195 11. Nèt Incomè Nel income is stated aftèr chargingllcrèditingl.. 2023 2022 Operatinglease rentals Indèpènd•nt èxaminerfs remuneralion. Independent examination Auditor remuneration. Overaccrual in prior year 9,600 4,315 9,600 3,995 200 12. IndependEnt examination fees 2023 2022 Fees payable lo the independent examiner for.. Independftnl examination ol the financial slalemen15 4,195 3,995 17-
Alliance Publishing Trust Company Llmlted by Guarantee Notes to the financial statements (eontlnu•dJ Year ended 31 December 2023 13. Staff costs The lolal staff costs and employee benefits lor Ihe reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer contributions lo pension plans 316.615 28.176 21.213 256.508 22.946 16.624 368.004 296.078 The tolal employee benefits including pension contributions of the key management personnel were £150.65212022. £128,622}. The average head count ol employees during the year was 912022.. 71. The avera9è numbèr of full b'm• equival8nl employees during Ihe year was as lollows.. 2023 2022 Raising funds Charitable activities Total The number ol employee5 whose Temuner81ion for thtr year fell within Ihe following bands, werg.. 2023 2022 No. No. £60,000 10 £69,999 14. Trustee fvmuner4tion and expens•$ No Irusleès were paid or received any other benelils from employment within thè charity in the y8ar 12022." £Nill. No Irusleè rec•iv8d payment lor prolessional or other services supplied to the charity 2022.. £Nill. No Injstee received payment lor OT reimbursement of travel or subsistence costs in the year12022: £Nill. 15. Debtors 2023 2022 Trade debtors Prepayments and accrued income Other detAors $4.194 85,179 3,325 60.559 3.870 142,698 64.429 18
Alliance Publishlng Trust Company Llmlted by Guarantee Not•s to the financial statements fconUnu6dl Year ended 31 December 2023 16. Credltors: Amounts falllng due withln one year 2023 2022 Accruals gnd deferred income Social security and other taxes Other creditors 42.315 7,994 2,655 101.479 6,766 2,541 52.964 110,786 17. Deferrod in¢om• 2023 2022 At 1 January 2023 Amount released lo income Amount deferred in year At 31 De¢•mber 2023 97.484 197.4841 38.000 65.083 165,083} 97,484 38,000 97.484 Deferred income relates lo grant funding. subscription and advertising income recgived in fespgcl of future periods. 18. P•n$ions and other post retirement benefits Defined ¢ontrlbutlon plans The amount recognised in income or expendilure as an gxpense in r8lalion to dèfinèd contribution plans wa8 £21,21312022.. £16,6241. 19
Alliance Publishing Trust Company Limited by Guarantee Notes lo the financial statements (¢onlinuedJ Year ended 31 Decembèr 2023 19. Analy51s of charitabl• fund5 Unrestri¢ted funds At 1 Jan 2023 Income Exp8nditur8 Transfers 31 Dèe 2023 General funds Robert Bosch Sliflung Fund Website development Regional represenlalives Travel Staffing Editorial $upport EDI Audit Partnership Manager William & Flora Hewlell Foundation 244,015 S71,438 1345,9461 1142.0631 327,444 35,200 25,000 57,000 117.6001 85,179 102,779 25.000 57,000 55,1)00 55.000 16,000 35,000 116,0001 35,000 130.476 143.4761 {423.022 87.000 542.691 571,438 11.8841 689,223 Al Transfers 31 Dec 2022 Al 1 Jan 2022 Income Expendilure General fvnds Robert Bosch Sliflung Fund Wèbsite development Regional representatives Trav81 Staffing Ediloiial support EDI Audit Partnershlp Manage William & Flora Hewlett Foundab'(M) 193,084 450,250 1302.7571 196,5621 244.015 52,800 25,000 15,000 5.000 5,000 10,000 117.6001 35.200 25,000 ST.000 12.0001 15.0001 15.0001 110.0001 44,000 16,000 35,000 16.000 35,000 130,476 130,476 305,884 580.726 1342,3571 11.5621 542.691 During th• current year the Irust8$s have spent £77,076 of the désignated lunds brought forward. A further £55,000 has also beèn designated towards staffing costs. Funding of £85.179 Irom Robert Bosch Stiftung has been designated l(trwards costs in 2024 10 2026. -20-
Alliance Publishing Trust Company Llmited by Guarantee Notes to the financial statements (¢ontlnue¢lJ Year ended 31 December 2023 19. Analysis of charitable funds (witinue¢l) R•strict•d funds At Transfers 31 Doe 2023 Al 1 Jan 2023 Income Expenditure Clirnale Ix)veragÈ fund Cre5cenl Enterpris8s- Badr Jalar Oak Foundation Conrad Hillon Foundatio McKnight Foundation William & Flora Hewleti Foundati¢ 3,193 27,600 56,392 45,929 17,765 132,6771 156.3921 145,9291 117,7651 1.884 12,207 112,207} 3.193 1 $9,893 1164,9701 1,884 Al Transfers 31 Dec 2022 Al 1 Jan 2022 Income Expenditurè Climate coverage lund Crescent Enlerprises - Badr Jaf Oak Foundation Conrad P*lton Foundation McKnighl Foundation William & Flora Hewlell Foundation 535 12,097} 1,562 29,400 42,896 36,722 126.207} 142,896} 136,722 3,193 535 109.018 1107,922 1.562 3.193 Funds were rèc8iv8d from Crescent Enterprises lo conlribule towards the costs of regional réprèsentatives. A discret10nary grant was received from the Oak Foundatitin to contribute towards operating costs. Grants ware receive(I from Conrad Hilton lo Conlribule toward operating costs. Funds were received from thè McKnight Foundation towards the EDI Audit undertaken on the Alliance magazine. A granl was received from IhÈ William & Flora H8wlett Foundation towards operating costs. Prior y•ar grants The charity r8ceiv8d granls from Fondation de France to 5Lipporl the climate coverag8 project and lor ext8mal eDnsullant support. The balance ol this funding was spent in the prevlous year. 21
Alliance Publishing Trust Company Limlted by Guarantee Notes to the financial statements (ÉontlTruedJ Year ended 31 December 2023 20. Analysls of net assets between funds As at 31 D•e•mb•r 2023 Unreslricted General Designated Reslricled Total funds Net current assets 327,444 361,779 689.223 As at 31 Deeèmbèr 2022 Unrestricted General Deslgnaled Reslricled Totsl funds Nel Curn1 assets 244,015 298,676 3,193 545,884 21. Analysis of ¢h¥ng¢$ In nèt d•bt At At 1 Jan 2023 Cash flows 3100¢ 2023 Cash at bank and in hand 592,241 7.248 599.489 22. Related part1¢5 Aggregate donations from related partie5 were £98.29912022." £89,5281. Waller V•irs Is Senior Program Officer al Charfes Stewart Mott Foundation. and the charity received a grar)I from the Foundation totallin9 £59,56212022.. £60,140). Stèlan S¢haelers is Head of European Affairs al King Baudouin Foundation and the charity received a 9ranl of £17,420 from the Foundation during the yeaT {2022." £16.2921. Axelle Dave28¢ is Director General at Fondalion de France and the charity received a grant of £21.317 from the Foundation durirbg the year12022. £13,096}. Membership income ol £Nil12022.. £55 from one Iruslee} was received in tho year. Subscriptk)n income of £50 12022-. £Nill was CeIved from 360 Giving during Ihe year, an organisatkfyn in which Fozia Irfan is a director. -22-