OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Allegra Foundation Limited

2024-12-31-accounts

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

Registered number: 06830401 Charity number: 1133540

THE ALLEGRA FOUNDATION LTD

AMENDED

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

These amended accounts replace the original accounts, are now the statutory accounts and are prepared as they were at the date of the original accounts.

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10 - 11
Notes to the financial statements 12 - 20

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the company for the 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

In setting 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 (PB2)'.

In setting 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 (PB2)'.

b. Main activities undertaken to further the company's purposes for the public benefit

The Allegra Foundation Limited (‘The Foundation’) objective is to provide clean drinking water, sanitation and education to impoverished communities in coffee producing nations while promoting ethical practices and consumer engagement across the UK Coffee sector.

Achievements and performance

a. Review of activities

The period to December 2024 saw the successful execution of the fourteenth UK Coffee Week which took place in October 2024, as well as the development of independent initiatives in the coffee industry and new brand partnerships which will secure revenue for 2025 and beyond.

There was a total of £200,035.03 in revenue recorded in the financial period 1 January 2024 to 31 December 2024.

b. Use of Brand Rights to UK Coffee Week

Allegra Strategies Ltd owns the brand rights to UK Coffee Week as recorded at the UK Patent Office (June 2010) but has agreed to licence exclusive rights to the Allegra Foundation Ltd for a period of 5-year period to December 2015, plus a 10 year first option to renew the licence until 2025.

Page 1

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Principal risks and uncertainties

Our biggest risk is the future of the hospitality industry and events industries in the UK after the COVID-19 pandemic and the cost-of-living crisis in the UK. Our primary source of income comes from the hospitality and events industries, therefore our ability to fundraise was drastically impacted during the pandemic and resulting lockdowns. As these industries continue to struggle with staffing and rising costs this could have an impact on their ability to donate towards our work.

c. Principal funding

Funding for the Allegra Foundation is derived from a number of sources, including brand partnerships across the coffee industry, hospitality partners and our flagship fundraising campaign, UK Coffee Week.

Our primary source of income prior to the COVID-19 pandemic was Allegra Events. Our income in 2020 and 2021 was severely impacted by the COVID-19 pandemic and resulting lockdowns. From 2022 to 2023, we have started to see the results from diversifying our income and we have grown the income from partnerships and fundraising initiatives outside of Allegra. We intend to continue growing these revenue streams in 2025.

Our sources of funds during 2024 are as follows:

Due to pre-existing client relationships, some UK Coffee Week related sponsorship activities are invoiced formally via Allegra Strategies Limited, and these were offset directly against costs incurred by Allegra Strategies to conduct UK Coffee Week activities.

Page 2

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

d. Use of funds

The Allegra Foundation is committed to providing clean drinking water to impoverished people in coffee producing countries around the world.

Since its inception until December 2024, Allegra Foundation had donated £1,753,458.38 to clean water projects around the world.

WaterAid - £858,300 Costa Foundation - £311,550 charity:water - £278,483.15 Splash – £112,130.80 Seeds For Progress - £97,451.93 Water 4 People - £62,354.65 Yayu Project - £18,567.26 Yeka Tafo - £14,620.77

e. Guarantee of future revenue

The Allegra Foundation has worked to diversify income streams post pandemic, adding new brand partners and building a roasters programme.

A diverse range of income streams and moving away from being dependent on one partnership will guarantee a more secure future for the charity.

Structure, governance and management

a. Constitution

The Allegra Foundation Limited is a recognised charity no 1133540 and was founded by Jeffrey Young, Managing Director of Allegra Strategies Limited in 2010.

Page 3

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

Jeffrey Young, Chairman and CEO, of the Allegra Foundation maintains day-to-day decision making supported by Rebecca Hodgson, the Head of Project Waterfall who has led the strategic agenda for the charity with the support of Yasmin Hatton and Stephanie Rukin in partnerships and Bethan Shaw in events and campaigns. Rebecca had decided to explore new opportunities after a long and successful tenure at Allegra Foundation. The board has appointed Roxy Rocks-Engelman as a interim Project Director to start in January 2025.

Key strategic decisions, such as use of funds, selection of charity partners and the appointment of new trustees are approved by the board of trustees by a majority vote with the Chairman having veto right.

The Foundation currently has 7 trustees who have been appointed as independent custodians of the charity activities. The trustees who bring a variety of skills, contacts and experience to the board are appointed for a period of 3 years after which they may put themselves forward for re-election after this date.

Good governance suggests that trustees should be rotated from time to time with new skills and experience added as required to meet the evolving needs of the charity.

The trustees are not remunerated in any way for their participation in the Allegra Foundation and they are expected to signal any conflicts of interest.

c. Financial risk management

Our biggest risk is the future of the hospitality industry and events industries in the UK after the COVID-19 pandemic and the cost-of-living crisis in the UK. Our primary source of income comes from the hospitality and events industries, therefore our ability to fundraise was drastically impacted during the pandemic and resulting lockdowns. As these industries continue to struggle with staffing and rising costs this could have an impact on their ability to donate towards our work.

Plans for future periods

The Allegra Foundation will continue to diversify income streams by focussing on building new partnerships in the coffee industry and growing our network of independent businesses that support the charity year-round.

Given the extensive experience now held in the Allegra Foundation/UK Coffee Week team and with the many learnings of the past 14 years, with the expected addition of further involvement from the board of trustees and new team members, the Allegra Foundation remains in a strong position to deliver clean water initiatives to those who most need it.

Page 4

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reference and administrative details of the company, its trustees and advisers

Trustees

J Young, Chief Executive

E Higginson (Resigned 22 January 2025)

B Kither

M Wootliff

L Harper

M Colonna-Dashwood

K Bengougam

J Worden

Company registered number

06830401

Charity registered number

1133540

Page 5

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Registered office

106 Arlington Road London NW1 7HP

Chief executive officer

J Young

Accountants

Wellers 1 Vincent Square London SW1P 2PN

Page 6

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves Policy

The Foundation aims to ensure long term sustainability of the charity and maintain sufficient unrestricted reserves to invest in projects that the trustees consider meet the objectives of the Foundation.

Currently there are reserves in place. Allegra Foundation will continue to build reserves over the course of the next year and allocate funds to the chosen charity partners. This will be determined by a vote of the trustees at the relevant time.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ [fey81FB9F7006D04E6... by: Mr J Young

Date: 09-10-25

Page 7

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of The Allegra Foundation Ltd ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts 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 the company's accounts 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

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:

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

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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)].

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.

Signed: Dated: 09-10-25 2FF383457D314CA... Joseph Lennon

Wellers

1 Vincent Square London SW1P 2PN

Page 8

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Income from:
Donations, legacies & government grants
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
5,022
154,819
40,194
200,035
202,942
202,942
(2,907)
55,188
52,281		 Total
funds
2024
£
5,022
154,819
40,194
200,035
202,942
202,942
(2,907)
55,188
52,281		 Total
funds
2023
£
36,324
161,054
49,252
246,630
231,331
231,331
15,299
39,889
55,188

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 20 form part of these financial statements.

Page 9

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee) REGISTERED NUMBER: 06830401

BALANCE SHEET AS AT 31 DECEMBER 2024

Fixed assets
Current assets
Debtors
11
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 24,042
37,957
61,999
(9,718)		 2024
£
-
52,281
52,281
52,281
52,281
-
52,281
52,281		 18,339
43,732
62,071
(6,883)		 2023
£
-
55,188
55,188
55,188
55,188
-
55,188
55,188

Page 10

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee) REGISTERED NUMBER: 06830401

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ 81FB9F7006D04E6...

J Young

Date: 09-10-25

The notes on pages 12 to 20 form part of these financial statements.

Page 11

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Allegra Foundation Ltd is a charity which is incorporated and domiciled in the UK. The address of its principal place of business and registered office is 106 Arlington Road, London, NW1 7HP.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Allegra Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 12

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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 maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 13

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.9 Financial instruments

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

2.10 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

3. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
5,022
Income from charitable activities
Unrestricted
funds
2024
£
Income from charitable activities
154,819		 Total
funds
2024
£
5,022
Total
funds
2024
£
154,819		 Total
funds
2023
£
36,324
Total
funds
2023
£
161,054

4. Income from charitable activities

Page 14

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2024
£
UK Coffee week fundraising
29,877
World Water day
10,317
40,194		 Total
funds
2024
£
29,877
10,317
40,194		 Total
funds
2023
£
37,751
11,501
49,252

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Direct costs - general fund
154,321
Grants
48,621
202,942		 Total
2024
£
154,321
48,621
202,942		 Total
2023
£
139,699
91,632
231,331

Page 15

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities

Direct costs - general fund
Analysis of Grants
Total 2023
Analysis of direct costs
Wages and salaries, national insurance,
pension cost
Grants
Fundraising costs
Total 2023
Analysis of support costs		 Activities
undertaken
directly
2024
£
134,809
48,621
183,430
221,224
General
fund
2024
£
134,026
-
783
134,809
129,592		 Support
costs
2024
£
19,512
-
19,512
10,106
Analysis of
Grants
2024
£
-
48,621
-
48,621
91,632		 Total
funds
2024
£
154,321
48,621
202,942
231,330
Total
funds
2024
£
134,026
48,621
783
183,430
221,224		 Total
funds
2023
£
139,698
91,632
231,331
Total
funds
2023
£
122,880
91,632
6,712
221,224

Page 16

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Advertising
Campaign expenses
Office expenses
Travel
IT software
Accountancy fees
Insurance
Bank charges
Exchnage rate differences
Sundry expenses
8.
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
9.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Total
funds
2024
£
1,000
7,223
533
1,113
4,674
2,520
1,121
354
489
485
19,512
2024
£
2,520
2024
£
122,708
7,944
3,374
134,026		 Total
funds
2023
£
-
2,705
1,757
-
-
2,400
931
364
997
952
10,106
2023
£
2,400
2023
£
112,924
6,594
3,362
122,880

Page 17

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

2024 2023
No. No.
3 3

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

11. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
19,644
1,728
2,670
24,042		 2023
£
16,578
1,761
-
18,339

Page 18

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. Creditors: Amounts falling due within one year

Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income
13.
Statement of funds
Statement of funds - current year
Unrestricted funds
General Funds - all funds
14.
Summary of funds
Summary of funds - current year
General funds		 Balance at 1
January
2024
£
55,188
Balance at 1
January
2024
£
55,188		 Income
£
200,035
Income
£
200,035		 2024
£
3,314
799
3,085
2,520
9,718
Expenditure
£
(202,942)
Expenditure
£
(202,942)		 2023
£
3,016
1,467
-
2,400
6,883
Balance at
31
December
2024
£
52,281
Balance at
31
December
2024
£
52,281

Page 19

Docusign Envelope ID: F3DBA5AC-0D02-4E4B-922E-259E92291B3D

THE ALLEGRA FOUNDATION LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Current assets
61,999
Creditors due within one year
(9,718)
Total
52,281
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
£
Current assets
62,071
Creditors due within one year
(6,883)
Total
55,188		 Total
funds
2024
£
61,999
(9,718)
52,281
Total
funds
2023
£
62,071
(6,883)
55,188

16. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,374 (2023 - £3,362). Contributions totaling £799 (2023 - £1,467) were payable to the fund at the balance sheet date and are included in creditors.

17. Related party transactions

At the Balance Sheet date, the Foundation owed £3,084 (2023 - was owed £1,761) to Allegra Strategies Limited, a company under the control of J Young, a trustee. The full amount is disclosed within other creditors at the year end.

Page 20