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← Alliance Publishing Trust

2024-12-31-accounts

COMPANY REGISTRATION NUMBER: 5935154 CHARITY REGISTRATION NUMBER: 1116744

Alliance Publishing Trust Company Limited by Guarantee Unaudited financial statements

31 December 2024

Alliance Publishing Trust

Company Limited by Guarantee

Financial statements

Year ended 31 December 2024

Page
Trustees' annual report (incorporating the directors' report) 1
Independent examiner's report to the trustees 9
Statement of financial activities (including income and expenditure account) 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report)

Year ended 31 December 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Reference and administrative details

Registered charity name Alliance Publishing Trust Charity registration number 1116744 Company registration number 5935154 Principal office and registered 15 Prescott Place office London SW4 6BS

The trustees

The trustees who served during the year and at the date of approval were as follows:

Alex Alvarez Axelle Davezac Robin Heller Fozia Irfan (resigned 24 October 2024) Elizabeth McKeon (resigned 31 May 2024) Caroline McLaughlin Joel Toner Walter Veirs Max von Abendroth

- 1 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Principal staff David Drewery (Executive Director) Charles Keidan (Executive Editor) Bankers Barclays Bank plc PO Box 32016 London NW1 2ZH Company secretary David Drewery Independent examiner M Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Solicitors Bates Wells & Braithwaite London LLP 2-6 Cannon Street London EC4M 6YH

- 2 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued) Year ended 31 December 2024

Objectives and activities

Alliance Publishing Trust is a registered charity under the Charities Act. The objects of the charity are:

To promote the efficiency and effectiveness of charities and the effective use of charitable resources for the public benefit by:

Review of activities

Alliance Publishing Trust (APT) was set up as an independent organisation on 1 January 2007 with the primary responsibility of publishing Alliance magazine, a quarterly magazine on philanthropy and social investment with a global subscriber base of 18,053 organisations and individuals as at the end of 2024. In 2025 we aim to increase our subscriber base by 5% to 19,000.

Alliance magazine has been in existence for 28 years since it launched in 1996. From the beginning of 1998 until the end of July 2001, it was published by Charities Aid Foundation (CAF). From 2001 to 2007, it was published by Allavida.

Purpose and aims

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work within the last 12 months. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. Promoting the efficiency and effectiveness of charities is recognized as providing a public benefit by the Charity Commission. The material we publish is either distributed free of of charge or paid for through modest subscriptions, and is available globally to anyone who would like it.

- 3 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Achievements and performance

APT's core publishing activities are to:

All these activities were successfully carried out in 2024. The themes covered by the four issues of the magazine in 2024 were:

At the end of 2024, Alliance had a subscriber base of 18,053, an increase of 8% on 2023. This is made up of a mix of paid subscriptions and free digital copies for individuals and organisations in developing countries. In terms of readership, we finished the year with a total readership (print, digital and controlled circulation) of 38,218 - an increase of over 7% on 2023.

We are pleased to continue to offer free access to all content to all those working in over 160 countries.

We continued to host regular events including ones focused on the special feature of each magazine. We feel these added to our presence and credibility in the field, the events now produce a good income stream for us and we have been using these events to engage with non-subscribers. Our events in 2024 were primarily digital in line with our global mission and had an average of 729 people registering per event across our annual programme of thirteen events which were all successfully delivered.

We continued to produce free content and disseminate it through our network and the Latest from Alliance blog has gone from strength to strength. We continue to offer news, opinion and conference reports on a daily basis.

The website continues to regularly provide both magazine and exclusive online articles that are free to read by all. Our conference calendar continues to keep readers up to date with sector events and everyone can make the most of our archive of over 8,500 articles by browsing by content type, theme or region, allowing readers to get straight to the information that matters to them.

We have also expanded our social media presence in 2024 with further increases in followers across three platforms. We share everything we do via these mediums and this dedicated approach has allowed us to reach new audiences.

- 4 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Financial review

At the end of its eighteenth year, APT is well established as an independent organization with relevant financial, human resources and operational processes in place. Our activities produced a net £15,253 surplus in 2024 (2023: £143,339) with our net assets at the end of the year amounting to £704,476 (2023: £689,223) with £303,000 (2023: £361,779) designated to future years, restricted funds of £9,494 (2023: £Nil) and £391,982 (2023: £327,444) constituting our current level of free reserve at the end of the year. In 2025 we predict we will finish the year with a similar level of healthy reserve which is in line with our current reserve policy. We hope the reserve we will have remaining by the end of 2025 will continue to help with any unforeseen funding shortages in the future.

The trustees would like to express their gratitude to the following organisations, which provide core funding to APT:

The long-term support of our funders, and that of our growing number of sponsor subscribers, is essential to APT's continued successful operation.

APT was pleased to increase its staffing level to ten (7.9 FTE), this enabled us to carry out the activities outlined below and to strengthen our efforts to increase earned income from subscriptions, advertising and publishing.

- 5 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Financial review (continued)

Reserves policy

The Board of Trustees has examined the requirements for holding an appropriate level of unrestricted reserves in order to safeguard the day-to-day running of the charity and provide underlying financial stability to protect its long-term projects. APT aims to hold no less than 40% of our annual operating budget at all times and strives to hold as much as 50%.

As at 31 December 2024, free reserves totalled £391,982, representing 43% of projected 2025 core expenditure.

Remuneration policy

The pay and remuneration of key management personnel, along with all other staff, is determined by the board of trustees at the point of recruitment based on the roles and responsibilities and an evaluation of the sector for comparable roles. Any increase in this remuneration is determined by the board of trustees at an annual meeting based on performance against the aims of the charity and their role within that.

Risk statement

The Board of Trustees has examined the major risks to which APT is exposed and systems have been established to mitigate these risks. APT maintains an active risk register and business continuity plan.

The largest risk facing APT is the discontinuing of core grant funding. To mitigate this risk, APT has since 2012 pursued a plan of increasing non-grant income to increase the sustainability of the organisation and limit the effect a funding withdrawal would have on our annual operations. It also maintains a sensible reserves policy (see above) which would provide the required time to seek alternative income sources should the situation arise.

Asset cover for funds

The assets of the trust are sufficient to meet the trust's obligations on a fund by fund basis.

Plans for future periods

We shall continue to focus on our principal areas of activity, ie publishing Alliance magazine and free-toview online articles and interviews plus daily blog posts on our Latest from Alliance blog site. Upcoming themes for the magazine include 'Hope across borders: refugees, local solutions and local giving' , 'Unrestricted funding' , 'Indigenous funds' & 'Plant based philanthropy' . We are looking to further build our online presence and to increase all forms o f readership, both paid and free subscribers. We will continue to host monthly events.

2025 will see the appointment of a new operations manager to continue the smooth growth of the organisation and a new data & analytics manager to allow us to stay on top of our expanding contacts. We will also be expanding the roles of our partnerships manager and our news editor. In addition we will engaging three more representatives in Brazil, China & India to help us grow our networks and understanding of philanthropy in these regions.

We will also be launching a new column on philanthropy and technology, launching a new key focus on gender philanthropy, increases the young voices that contribute to our platform, continuing with our mission to to further diversify those that contribute to Alliance, expanding our event programme and building and launching a new website.

- 6 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 14 September 2006 and registered as a charity on 10 November 2006.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its articles of association.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 14 to the accounts. Any business relationships between the trustees and Alliance Publishing Trust (APT) are set out in note 22.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 December 2024 was seveb (2023 - nine). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Appointment of trustees

As set out in the Articles of Association new trustees are appointed by resolution of the existing trustees. There should be no fewer than three trustees.

Trustee induction and training

New trustees are fully briefed on their legal obligations under charity and company law and on the content of the Memorandum and Articles of Association. All new trustees are provided with a copy of the Charity Commission's The Essential Trustee .

Organisation

The Board of Trustees (minimum of three members) administers the charity. The board meets twice a year. An Executive Director is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Executive Director has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and development activity. Additional governance and oversight is provided by a trustee finance committee and a trustee governance and risk committee that meet eight times per year belween them along with the Executive Director.

- 7 -

Alliance Publishing Trust

Company Limited by Guarantee

Trustees' annual report (incorporating the directors' report) (continued)

Year ended 31 December 2024

Structure, governance and management (continued)

Trustees and Members of the Board

Alex Alvarez Rockefeller Philanthropy Advisors Axelle Davezac Fondation de France Robin Heller Athena Advisors Fozia Irfan BBC Children in Need (retired on 24 October 2024) Elizabeth McKeon Ikea Foundation (retired on 31 May 2024) Caroline McLaughlin Heriot Row Advisors Joel Toner Non-Profit Quarterly Walter Veirs Charles Stewart Mott Foundation Max von Abendroth Media Development Investment Fund

Alliance Editorial Advisory Council

The Alliance Editorial Advisory Council is a group of individuals from all around the world, each of whom has expertise and experience in a particular area of relevance to Alliance . Their role is to advise the editor on all editorial matters, especially on the selection of special features and choice of guest editors. The Board of Trustees extend their thanks to the Editorial Advisory Council for their help and contributions over the year.

Related parties

Alliance Publishing Trust is grateful to receive core financial support from Calouste Gulbenkian Foundation, Charles Stewart Mott Foundation, Conrad N Hilton Foundation, Fondation de France, Ford Foundation, King Baudouin Foundation, Laudes Foundation, Oak Foundation, Open Society Foundations, Robert Bosch Stiftung, William and Flora Hewlett Foundation

In 2024, Charles Stewart Mott Foundation and Fondation de France have members of staff on the Board of Trustees.

Independent Examiner

M Proctor FCA DChA was appointed as the charitable company's independent examiner during the year and has expressed his willingness to continue in that capacity.

Small company provisions

This report has been prepared taking advantage of the small companies' exemption of section 415A of the Companies Act 2006.

The trustees' annual report was approved on 28 February 2025 and signed on behalf of the board of trustees by:

Walter Veirs Trustee

- 8 -

Alliance Publishing Trust

Company Limited by Guarantee

Independent examiner's report to the trustees of Alliance Publishing Trust

Year ended 31 December 2024

I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 December 2024 which comprise the statement of financial activities (including income and expenditure account), balance sheet, statement of cash flows and the related notes.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

- 9 -

Alliance Publishing Trust

Company Limited by Guarantee

Independent examiner's report to the trustees of Alliance Publishing Trust

(continued)

Year ended 31 December 2024

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M Proctor FCA DChA Independent Examiner

Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB

9 March 2025

- 10 -

Alliance Publishing Trust

Company Limited by Guarantee

Statement of financial activities (including income and expenditure account)

Year ended 31 December 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 324,608 165,201 489,809 404,464
Charitable activities 6 242,104 – 242,104 321,450
Investment income 7 17,605 – 17,605 5,417
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total income 584,317 165,201 749,518 731,331
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Raising funds 8 80,750 – 80,750 71,091
Charitable activities 9 497,719 155,796 653,515 516,901
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total expenditure 578,469 155,796 734,265 587,992
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Net income before transfer of funds 5,848 9,405 15,253 143,339
Transfers between funds (89) 89 – –
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net movement in funds 5,759 9,494 15,253 143,339
Reconciliation of funds
Total funds brought forward 689,223 – 689,223 545,884
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total funds carried forward 694,982 9,494 704,476 689,223
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 23 form part of these financial statements.

- 11 -

Alliance Publishing Trust

Company Limited by Guarantee

Balance sheet

31 December 2024

2024 2023
Note £ £ £ £
Current assets
Debtors 15 152,324 142,698
Cash at bank and in hand 763,818 599,489
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
916,142 742,187
Creditors: Amounts falling due within
one year 16 (211,666) (52,964)
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net current assets 704,476 689,223
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities 704,476 689,223
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 704,476 689,223
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds 9,494 –
Unrestricted funds 694,982 689,223
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total charity funds 19 704,476 689,223
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 28 February 2025, and are signed on behalf of the trustees by:

Walter Veirs Trustee

Company registration number: 5935154

The notes on pages 14 to 23 form part of these financial statements.

- 12 -

Alliance Publishing Trust

Company Limited by Guarantee

Statement of cash flows

Year ended 31 December 2024

2024 2023
£ £
Cash flows from operating activities
Net income 15,253 143,339
Adjustments for:
Other interest receivable and similar income (17,605) (5,417)
Changes in:
Trade and other debtors (9,626) (78,269)
Trade and other creditors 158,702 (57,822)
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Cash generated from operations 146,724 1,831
Interest received 17,605 5,417
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄ
Net cash from operating activities 164,329 7,248
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶
Net increase in cash and cash equivalents 164,329 7,248
Cash and cash equivalents at beginning of year 599,489 592,241
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Cash and cash equivalents at end of year 763,818
৶৶৶৶৶৶৶৶৶		 599,489
৶৶৶৶৶৶৶৶৶

The notes on pages 14 to 23 form part of these financial statements.

- 13 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements

Year ended 31 December 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 15 Prescott Place, London, SW4 6BS.

2. Statement of compliance

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain items at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Income

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

- 14 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

3. Accounting policies (continued)

Expenditure (continued)

The charity is registered for VAT, and expenditure is shown net of VAT recovered. Any VAT which cannot be recovered is included within expenditure and attributed to the relevant cost.

Staff costs are allocated to activities based on an estimate of staff time spent on each activity. Other overheads are allocated to the cost of the magazine as the amount which relates to other activities would be negligible.

Operating leases

Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities on a straight line basis over the minimum lease term.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from an impairment are recognised in expenditure.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recorded at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Cash at bank

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

- 15 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations 153 – 153
Grants
Charles Stewart Mott Foundation 39,255 – 39,255
King Baudouin Foundation 16,755 – 16,755
McKnight Foundation – – –
Fondation de France 20,954 – 20,954
The William and Flora Hewlett Foundation – 28,809 28,809
Robert Bosch Stiftung – – –
Calouste Gulbenkian 16,613 – 16,613
Conrad Hilton Foundation – 38,592 38,592
Oak Foundation 120,000 – 120,000
Badr Jafar – 76,450 76,450
Open Society Foundations 75,300 – 75,300
Laudes Foundation 20,612 – 20,612
Ford Foundation 14,966 – 14,966
H+S Davidson Trust – 10,000 10,000
MacArthur Foundation – 11,350 11,350
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
324,608 165,201 489,809
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Donations 456 – 456

- 16 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

5. Donations and legacies (continued)

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Grants
Charles Stewart Mott Foundation 59,562 – 59,562
King Baudouin Foundation 17,420 – 17,420
McKnight Foundation – 17,765 17,765
Fondation de France 21,317 – 21,317
The William and Flora Hewlett Foundation – 12,207 12,207
Robert Bosch Stiftung 85,179 – 85,179
Calouste Gulbenkian – – –
Conrad Hilton Foundation – 45,929 45,929
Oak Foundation 60,637 56,392 117,029
Badr Jafar – 27,600 27,600
Open Society Foundations – – –
Laudes Foundation – – –
Ford Foundation – – –
H+S Davidson Trust – – –
MacArthur Foundation – – –
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
244,571 159,893 404,464
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

6. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Subscriptions 43,135 43,135 40,564 40,564
Sponsors subscriptions 107,921 107,921 150,219 150,219
Advertising 47,574 47,574 81,694 81,694
Single copy sales 2,476 2,476 835 835
Event income 38,108 38,108 45,725 45,725
Membership – – 1,413 1,413
Other income 2,890 2,890 1,000 1,000
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
242,104 242,104 321,450 321,450
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

7. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Bank interest receivable 17,605 17,605 5,417 5,417
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶৶৶
8. Raising funds
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Wages and salaries 80,750
৶৶৶৶৶৶৶		 –
৶৶৶৶		 80,750
৶৶৶৶৶৶৶

- 17 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

8. Raising funds (continued)
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Wages and salaries 47,263 23,828 71,091
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
9. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Staff costs 335,226 57,190 392,416
Property costs 12,000 – 12,000
Other costs 145,983 98,606 244,589
Governance costs 4,510 – 4,510
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
497,719 155,796 653,515
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Staff costs 261,099 35,814 296,913
Property costs 6,881 2,719 9,600
Other costs 103,464 102,609 206,073
Governance costs 4,315 – 4,315
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
375,759 141,142 516,901
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
10. Analysis of governance costs
2024 2023
£ £
Independent examination 3,195 3,055
Accounts preparation 1,315 1,260
ৄৄৄৄৄৄ ৄৄৄৄৄৄ
4,510 4,315
৶৶৶৶৶৶ ৶৶৶৶৶৶
11. Net income
Net income is stated after charging/(crediting):
2024 2023
£ £
Operating lease rentals 12,000 9,600
Independent examiner's remuneration: Independent examination 4,510
৶৶৶৶৶৶৶		 4,315
৶৶৶৶৶৶

- 18 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

12. Independent examination fees

2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 4,510 4,195
৶৶৶৶৶৶ ৶৶৶৶৶৶

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024 2023
£ £
Wages and salaries 406,610 318,615
Social security costs 37,746 28,176
Employer contributions to pension plans 28,810 21,213
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
473,166
৶৶৶৶৶৶৶৶৶		 368,004
৶৶৶৶৶৶৶৶৶

The total employee benefits including pension contributions of the key management personnel were £175,085 (2023: £150,652).

The average head count of employees during the year was 10 (2023: 9).

The average number of full time equivalent employees during the year was as follows:

2024 2023
No. No.
Raising funds 1.3 1.3
Charitable activities 6.6 5.4
Total 7.9 6.7
The number of employees whose remuneration for the year fell within the following bands, were:
2024 2023
No. No.
£60,000 to £69,999 1 1
£80,000 to £89,999 1 –
ৄৄৄৄ ৄৄৄৄ
2 1
৶৶৶৶ ৶৶৶৶

14. Trustee remuneration and expenses

No trustees were paid or received any other benefits from employment within the charity in the year (2023: £Nil). No trustee received payment for professional or other services supplied to the charity (2023: £Nil).

No trustee received payment for or reimbursement of travel or subsistence costs in the year (2023: £Nil).

- 19 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

15. Debtors

2024 2023
£ £
Trade debtors 70,625 54,194
Prepayments and accrued income 76,450 85,179
Other debtors 5,249 3,325
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
152,324 142,698
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
16. Creditors: Amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 198,510 42,315
Social security and other taxes 10,506 7,994
Other creditors 2,650 2,655
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
211,666 52,964
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
17. Deferred income
2024 2023
£ £
At 1 January 2024 38,000 97,484
Amount released to income (32,000) (97,484)
Amount deferred in year 188,000 38,000
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
At 31 December 2024 194,000 38,000
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶

Deferred income relates to grant funding, subscription and advertising income received in respect of future periods.

18. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £28,810 (2023: £21,213).

- 20 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

19. Analysis of charitable funds

Unrestricted funds
At
At 1 Jan 2024 Income Expenditure Transfers 31 Dec 2024
£ £ £ £ £
General funds 327,444 584,317 (469,690) (50,089) 391,982
Robert Bosch Stiftung
Fund 102,779 – (36,779) – 66,000
Website development 25,000 – – 50,000 75,000
Regional representatives 57,000 – (28,500) – 28,500
Staffing 55,000 – – – 55,000
EDI Audit – – – – –
Partnership Manager 35,000 – – – 35,000
William & Flora Hewlett
Foundation 87,000 – (43,500) – 43,500
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
689,223 584,317 (578,469) (89) 694,982
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
At
At 1 Jan 2023 Income Expenditure Transfers 31 Dec 2023
£ £ £ £ £
General funds 244,015 571,438 (345,946) (142,063) 327,444
Robert Bosch Stiftung
Fund 35,200 – (17,600) 85,179 102,779
Website development 25,000 – – – 25,000
Regional representatives 57,000 – – – 57,000
Staffing – – – 55,000 55,000
EDI Audit 16,000 – (16,000) – –
Partnership Manager 35,000 – – – 35,000
William & Flora Hewlett
Foundation 130,476 – (43,476) – 87,000
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
542,691
৶৶৶৶৶৶৶৶৶		 571,438
৶৶৶৶৶৶৶৶৶		 (423,022)
৶৶৶৶৶৶৶৶৶		 (1,884)
৶৶৶৶৶৶৶৶৶		 689,223
৶৶৶৶৶৶৶৶৶

During the current year the trustees have spent £108,779 of the designated funds brought forward. A further £50,000 has also been designated towards website development.

- 21 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

19. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At 1 Jan 2024 Income Expenditure Transfers 31 Dec 2024
£ £ £ £ £
Badr Jafar Philanthropies – 76,450 (68,010) – 8,440
Oak Foundation – – – – –
Conrad Hilton Foundation – 38,592 (38,592) – –
McKnight Foundation – – – – –
William & Flora Hewlett
Foundation – 28,809 (28,809) – –
H & S Davidson Trust – 10,000 (8,946) – 1,054
MacArthur Foundation – 11,350 (11,439) 89 –
ৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄ
– 165,201 (155,796) 89 9,494
৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶
At
At 1 Jan 2023 Income Expenditure Transfers 31 Dec 2023
£ £ £ £ £
Badr Jafar Philanthropies 3,193 27,600 (32,677) 1,884 –
Oak Foundation – 56,392 (56,392) – –
Conrad Hilton Foundation – 45,929 (45,929) – –
McKnight Foundation – 17,765 (17,765) – –
William & Flora Hewlett
Foundation – 12,207 (12,207) – –
H & S Davidson Trust – – – – –
MacArthur Foundation – – – – –
ৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄ ৄৄৄৄ
3,193 159,893 (164,970) 1,884 –
৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶

Funds were received from Badr Jafar Philanthropies to contribute towards the costs of regional representatives.

Grants were received from Conrad Hilton to contribute toward operating costs.

A grant was received from the William & Flora Hewlett Foundation towards operating costs.

A grant was received from H & S Davidson Trust to support the inclusion fund.

A grant was received from MacArthur Foundation towards the ClimatePhilanthropy2030 initiative. The transfer relates to a small overspend contributed by the general fund.

Prior year grants

A discretionary grant was received from the Oak Foundation to contribute towards operating costs.

Funds were received from the McKnight Foundation towards the EDI Audit undertaken on the Alliance magazine.

- 22 -

Alliance Publishing Trust

Company Limited by Guarantee

Notes to the financial statements (continued)

Year ended 31 December 2024

20. Analysis of net assets between funds

As at 31 December 2024

Unrestricted -
General Designated Restricted Total funds
£ £ £ £
Net current assets 391,982 303,000 9,494 704,476
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
As at 31 December 2023
Unrestricted -
General Designated Restricted Total funds
£ £ £ £
Net current assets 327,444 361,779 – 689,223
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶৶
21. Analysis of changes in net debt
At
At 1 Jan 2024 Cash flows 31 Dec 2024
£ £ £
Cash at bank and in hand 599,489 164,329 763,818
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

22. Related parties

Aggregate donations from related parties were £65,776 (2023: £98,299).

Walter Veirs was Senior Program Officer at Charles Stewart Mott Foundation, and the charity received a grant from the foundation totalling £39,255. (2023: £59,562)

Axelle Davezac is Director General at Fondation de France and the charity received a grant from the foundation totalling £20,954 from the Foundation during the year. (2023: £21,317)

Sponsors subscriptions income of £1,000 was received from IKEA Foundation where Elizabeth McKeon is Director of programme, Planet.

Sponsors subscriptions income, event income, subscription income and single issue sales income totalling £4,567 was received from Rockefeller Philanthropy Advisors where Alejando Alvarez Von Gustedt is Vice President, Europe.

- 23 -