2021-04-04-accounts - AL Philanthropies

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		Page
Reference and Administrative Details
Trustees' Report	2	to	5
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	20
Detailed Statement ofFinancial Activities	21	to	22

		4,4.21	4.4.20
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets	11	298	397
Investments	12	53,125,248	19,079,607
		53,1253546	19,080,004
CURRENT ASSETS
Debtors	13	6,250,000
Cash at bank		2,160,3011	3,542 505
		8,4197300	8,542,505
CREDITORS
Amounts falling due within one year	14	(1,5157133)	(338,741)
NET CURRENT ASSETS		6,0114167	11,203,764
TOTAL ASSETSLESSCURRENT
LIABILITIES		60,029,713	27,283,768
CREDITORS
Amounts falling due after more than one year	15	(3,607,000)	(333,333)
NET ASSETS		56,422,713	26.050.431
FUNDS	16
Unrestricted funds		56423713	26050435
TOTAL FUNDS		56422 713	26,050,435

			4.4.21	4.4.20
		Notes
Cash flows from operating activities Cash generated from operations Interest paid		1	1$,6139266	(4,973,981) ~1.5047
Net cash provided by/(used	in) operating	activities	18613 6	~4075 4857
Cash flows from investing	activities
Purchase offixed asset investments			(25,141,470)	(9,010,000)
Interest received			6,180	90,900
Dividends received			148,819
Net cash used in investing	activities		24 986471	8,919,100
Change in cash and cash	equivalents	in
the reporting period			(6,3739205)	(13,894,585)
Cash and cash equivalents	at the
beginning ofthe reporting	period		8,542&505	22,437,090
Cash and cash equivalents	at the end	of
the reporting period			2,169 5011	II 542 505

OPERATING AC	TIVITI	ES
				4.4.21	4.4.20
Net income/(expenditure) for the reporting Statement ofFinancial Activities)			period (as per the	29&472,278	(5,71],243)
Adjustments for:
Depreciation charges				99	133
(Gain)/losses on investments				(8,904,171)	271,191
Interest received				(6,180)	(90,900)
Interest paid					1,504
Dividends received				(148,819)
Increase in debtors				(67250,000)
Increase in creditors				4450,059	555,334
Netcashprovided	by/(used	in)operations		~18513 66	~4.973901

	DONATIO	NS AND LE	GACIES
					4.4.21	4.4.20
					g
	Donations				25,002,176
	Gift aid				6,250,000
					31,252,176
4.	INVESTMENT INCOME
					4.4.21	4.4.20
					g
	Rents received				2,000
	Portfolio income				148,819
	Deposit account interest				6,180	90,900
					~156 999	90,900
5.	RAISING	FUNDS
	Investment	management	costs		4.4.21	4.4.20
	Portfolio management				3 7 783
6.	CHARITABLE ACTIVITIES COSTS
				Grant
				funding of
				activities	Support
				(see note	costs (see
				7)	note 8)	Totals
				5
	Charitable	giving		10,797,506	35,779	18,833285

GRANTS PAYABLE
					4.4.21	4.4.20
					f
Charitable giving					111,797,596	I 413,451
The total grants payable		to institutions		in the year was as follows:
					4.4.20	4.4.20
University ofSheffield					5,850,000
Speakers for Schools					1,885,000	660,000
Pro Bono Economics					1,292,650	140,000
Law Family Educational		Trust			1,000,000	3,000,000
Policy Exchange					175,000	35,000
University ofYork					160,000
Game ttt Wildlife Conservation			Trust		157,600	100,000
MCFC City in the Community			Foundation		55,000	25,000
Lord Mayors Appeal					50,000	50,000
Synchronicity Earth					35,000	35,000
The Sutton Trust					30,000
Noah's Ark Children's	Hospice				25,000	25,000
Nyumbani dr Hotcourses		Foundation			25,000
The Savage Foundation					17,343
British Fashion Council					15,000
Greenhouse Sport					10,000
Red Squirrel Survival	Trust				6,000
St Andrew's Youth Club					5,000
Maggie's at Marsden					1,369	268,669
Other donations under	fl,000				2,544	3,782
Royal United Services	Institute					1,000,000
Shine						50,000
Royal Botanical Gardens		- Kew gardens				6,000
Tavistock Youth Centre						5,000
Grassington Festival						5,000
Place 2Be						5,000
					19,797,5116	5,413,451

	There are no employees so consequently no staff c	osts have been incurred.
11.	TANGIBLE FIXEDASSETS
		Office	Computer
		equipment	equipment	Totals
				6
	COST
	At 5 April 2020 and 4 April 2021	~1676	I 00	~2976
	DEPRECIATION
	At 5 April 2020	17279	1,300	2,579
	Charge foryear	99			99
	At 4 April 2021	1,378	1,300	2,678
	NET BOOK VALUE
	At 4 April 2021	298			298
	At 4 April 2020	397			397
12.	FIXED ASSETINVESTMKNTS
			Cash and
		Listed	settlements
		investments	pending	Totals
				6
	MARKET VALUE
	At 5 April 2020	19,070,326	9,280	19,079,606
	Additions	24,974,971	166,500	25,141,471
	Revaluations	8,904,171		0504,	171
	At 4 April 2021	52,040,440	175,780	53 125	240
	NET BOOKVALUE
	At 4 April 2021	52,949,468	175,780	53,125,248
	At 4 April 2020	19,070,326	9,280	19,079,606

13.	DEBTORS:	AMOUNTS FALLING	AMOUNTS FALLING	AMOUNTS FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
								4.421	4.4.20
	Other debtors							~6250 000
14.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONK YEAR
								4.4.21	4.4.20
	Grants payable							1,510,333	333,333
	Accrued expenses							4,800	5,408
								~1,515133	~338741
15.	CREDITORS:		AMOUNTS FALLING DUE AFTER MORE THAN ONE					YEAR
								4.4.21 f	4.4.20 f
	Grants payable							3,607,000	~333 333
16.	MOVEMENT		IN FUNDS
								Net
								movement	At
						At	5.4.20 f	in funds	4.4.21 f
	Unrestricted	funds
	General fund					26,950,435		29,472,278	56,422,713
	TOTAL FUNDS					26,900,435		29472878	56,422,713
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources		Gains and	Movement
					resources f	expended f		losses	in funds f
	Unrestricted	funds
	General fund				31,409,175	(1098419068)		8,904,171	29,472,278
	TOTAL FUNDS				31,409,170	~I0841 068		0,904,171	29,472,270

			Incoming	Resources	Gains and	Moveinent
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		90,900	(5,530,952)	(271,191)	(5,711,243)
TOTAL	FUNDS		~90 900	~5,530952)	~271 191	~5,711,2'l3)

		4.4.21	4.4.20
Total resources expended		1118411168	5 539 952
Net income/(expenditure)	before gains and
losses		20,568,107	(5,440,052)
Gains and losses Gains/(losses) on fixed asset investments		8 984171	~271,1915
Net income/(expenditure)		~29.472 78	~5.711243