2023-03-31-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
Notes to the Financial Statements	14	to	20
Detailed Statement ofFinancial Activities	21	to	22

TRUSTEES	A ELaw
	Mrs Z Law
	R Sadewsky
PRINCIPAL ADDRESS	Caxton Europe Asset		Management
	40 Berkley Square
	London
	W1JSAL
REGISTERED CHARITY	1141997
NUMBER
INDEPENDENT AUDITORS	Martin and Company		Audit Limited
	Chartered Accountants
	and Statutory	Auditors
	25 StThomas	Street
	Winchester
	Hampshire
	SO23 9HJ
SOLICITORS	Porsters LLP
	31 Hill Street
	London
	W1J SLS
BANKERS	Coutts tk Co
	440 Strand
	London
	WC2R OQS

						Period
						5.4.21
					Year Ended	to
					31.3.23	31.3.22
					Unrestricted	Total
					fund	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			3	35,750,000
Investment	income				323,006	329,479
Total					36,11730116	329,479
EXPENDITURE ON
Raising funds					20,545	26,865
Charitable	activities
Charitable	giving				311467766	11137236
Total					304110311	11184101
Net gains on investments					557,155	5,953,971
NET INCOME/(EXPENDITURE)					6,141,850	(4,900,651)
RECONCILIATION			OF FUNDS
Total funds	brought	forward			68,761&006	73,661,657
TOTAL FUNDS CARRIED FORWARD					74,902,856	68,761,006

		2023	2022
		Unrestricted	Total
	Notes	fundf	funds
FIXEDASSETS
Tangible assets	11	168	224
investments	12	76 829,462	58,878,868
		76,829,630	58,879,092
CURRENT ASSETS
Cash at bank		8,712,104	14,756,839
CREDITORS
Amounts falling due within one year	13	(4,848,858)	(2,562,925)
NET CURRENT ASSETS		3 1163246	I2,193,914
TOTAL ASSETSLESSCURRENT
LIABILITIES		807692,876	71,073,006
CREDITORS
Amounts falling due after more than one year	14	(5,790,020)	(2,312,000)
NET ASSETS		74,902,856	68,761,006
FUNDS	15
Unrestricted funds		74,902,856	68,761,006
TOTALIUNDS		74 9112866	68,761,006

						Period
						5.4.21
					Year Ended	to
					31.3.23	31.3.22
				Notes
Cash flows from operating	activities
Cash generated from operations					12,046,243	12,084,574
Net cash provided by operating		activities			11,046,243	12,084,574
Cash llows from investing	activities
Pwcbase offixed asset investments					(21,302,894)	(8,739,889)
Sale offixed asset investments					3,843&555	8,894,343
Interest received					46,086	17,841
Dividends received					276,920	311,638
Third party investment management			charge		(20)545)	(26,865)
Decrease cash held pending	settlement				65,900	45,897
Net cash (used in)/provided	by	investing		activities	~17II90978
Change in cash and cash	equivalents			in
the reporting period					(6,044,735)	12,587,539
Cash and cash equivalents	at	the
beginning ofthe reporting	period				14,756,839	2,169,300
Cash and cash equivalents	at	the end		of
the reporting period					8,712,104	14,756,839

	OPERATING AC	TI	VI	TIES
										Period
										5.4.21
									Year Ended	to
									31.3.23	31,3.22
	Net income/(expenditure)			for the		reporting	period (as per the
	Statement ofFinancial			Activities)					6,141,850	(4,900,651)
	Adjustments for:
	Depreciation charges								56	74
	Gain on investments								(557 155)	(5,953,971)
	interest received								(46,086)	(17,841)
	Dividends received								(276,920)	(311,638)
	Third party investment		management			charge			20,545	26,865
	Decrease in stocks									17,238,944
	Decrease in debtors Increase/(decrease)	in creditors							5&763,953	6,250,000 ~247,298
	Net cash provided	by	operations						11,046,243	12,084,574
2.	ANALYSIS OF CHANGES				IN NET FUNDS
								At 1.4.22	Cash flow	At 31.3.23
									K
	Net cash
	Cash at bank							14756839	~6844 735)	I)7121)14
								14,756,839	~6544735	8,712,1)14
	Total							14,756,839	~6544735)	8,712,1)14

	Stocks and	shares quoted	shares quoted	shares quoted	on the	London	London	Stock Exchange are included	Stock Exchange are included	Stock Exchange are included	in the	balance sheet at their	market value
	at the year	end,	The differences			between		the market	value and the	original		cost ofthe investment	are included
	in the Statement		ofFinancial Activities.					No unquoted	investments	are	held.
	DONATIONS		AND LEGACIES
													Period
													5.4.21
												Year Ended	to
												31.3.23	31.3.22
	Donations											28,600,000
	Gift aid											7,150,000
												35,750,000
4.	INVESTMENT INCOME
													Period
													5.4.21
												Year Ended	to
												31.3.23	31.3.22
	Portfolio income											276,920	311,638
	Deposit account		interest									46,086	17,841
												323,006	329,479
5.	RAISING	FUNDS
	Investment	management			costs
													Period
													5.4.21
												Year Ended	to
												31.3.23	31.3.22
													E
	Third party	investment		management			charges					20,545	26,865

6.	CHARITABLE AC	TIV	ITIES	C	OS	TS
									Grant
								funding of
									activities	Support
							Direct		(see note	costs (see
							Costs f		7) f	note 8)	Totals
	Charitable giving						3,000	3II	393,550	72,416	30,467,766
7.	GRANTS PAYABLE
											Period
											5.4.21
										Year Ended	to
										31.3.23	31.3.22
										f	f
	Charitable giving									30,392)550	11,088,733
	The total grants payable		to institutions			in the	period were as	follows:
										31.3.23	31.3.22
	Speakers for Schools									8)700,000	5,315,000
	The Lowry Centre Trust									8,106,674
	Law Family Educational		Trust							3,000,000	1,500,000
	The Science Museum									3,000,000
	The Earthshot Prize									3,000,000
	The Factory Trust									2,888,617
	Maggie's									1,000)000	3,997
	Pro Bono Economics									319,300	792,650
	Game k Wildlife Conservation			Trust						120,000	210,000
	The Sutton Trust									90,000	30,000
	Manchester FC City	in the Community								50,000	25,000
	Finito Education Limited									33,000
	British Fashion Council									30,000
	Photographers Gallery									15,000	15,000
	Art History Link-Up									15,000
	The Atlantic Partnership									7,500	7,500
	Savage Foundation									6,527	5,000
	Samaritans									1,100
	Francis Holland									1,000
	Other donations under f1,000									3,832	3,585
	Place2be										2,720,000
	The Clocktower Foundation										106,000
	Rise Up Clean Up										90,000
	The New Tavistock Youth Cafe										60,000
	Lord Mayors Appeal										50,000
	Long Covid Kids and Friends										50,000
	Blavatnik School of	Government,			University		ofOxford				50,000
	Devon Environment	Foundation									25,000
	Institute ofInternational		Monetary		Research						25,000
	Grassington festival										5,000
	Total grants to organisations									30,387,550	11,088,732

Grants payable to individuals	in the period:	in the period:
A Williams MBE - for the publication		ofRacism in Football	5,000
			3II 392 550	II,088,732

					Governance
				Management	costs	Totals
Charitable	giving			~37168	~35248	72,416
Support costs, included			in the above, are as follows;
Management
						Period
						5.4.21
					Year Ended	to
					31.3.23	31.3.22
					Charitable	Total
					giving	activities
Rent					25,331	21,870
Rates					2,483	2,363
Office costs					8,255	6,096
Advertising					1,043
Depreciation					56	74
					37,168	30,403
Governance		costs
						Period
						5.4.21
					Year Ended	to
					31.3.23	31.3.22
					Charitable	Total
					giving f	activities
Auditors'	remuneration				7,960	5,100
Accountancy					2,288	1,740
Consultancy					25,000	31,260
					~35 248	383100

11,	TANGIBLE FIXEDASSETS
		Office	Computer
		equipment	equ tpment	Totals
	COST
	At 1st April 2022 and 31st March 2023	~1676	~1300	~2976
	DEPRECIATION
	At 1st April 2022	1&452	1,300	2,752
	Charge for year	56		56
	At 31st March 2023	1,508	1,300	2,808
	NET BOOK VALUE
	At 31stMarch 2023	168		168
	At 31st March 2022	224		224
12.	FIXEDASSET INVESTMENTS
			Cash and
		Listed	settlements
		investments	pending	Totals
			E
	MARKET VALUE
	At 1st April 2022	58,748,986	129,882	58&878,868
	Additions	21&302&894		21,302,894
	Disposals	(3&999,914)	(65,900)	(4,065,814)
	Revaluations	713,514		713,514
	At 31stMarch 2023	76,765,480	63,982	'76,829,462
	NET BOOK VALUE
	At 31st March 2023	76&765,480	63,982	76,829,462
	At 31stMarch 2022	58,748,986	129,882	58,878,868

13.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE	FALLING DUE WITHIN ONE	YEAR
							2023	2022
	Grants payable						4,840,328	2,555,000
	Accrued expenses						8,530	7,925
							4,848,858	2,562,925
14.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE		THAN ONE	YEAR
							2023	2022
							5
	Grants payable						5,790,020	2,312,000
15.	MOVEMKNT		IN FUNDS
							Net
							movement	At
						At 1.4.22	in funds	31.3,23
	Unrestricted	funds
	General fund					68,761,006	6,141,850	74,902,856
	TOTAL FUNDS					68,761,006	6,141,850	74,902,856
	Net movement		in funds, included		in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
	Unrestricted	funds
	General fund				36,0733006	(30,488,311)	557,155	6,141,850
	TOTAL FUNDS				36,073,0 6	(303488@1I)	557,155	6,141,850
	Comparatives		for movement	in	funds
						Prior	Net
						year	movement	At
					At 5.4.21	adjustment	in funds	31.3.22
							5	6
	Unrestricted	funds
	General fund				56,422,713	17,238,944	(4,900,651)	68,761,006
	TOTAL FUNDS				36,422,713	17,238,944	~4Pll0, baal)	68,761,0116

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		329,479	(11,184,101)	5,953,971	(4,900,651)
TOTAL	FUNDS		329479	~330841011	5953,971	~4900653

						Period
						5.4,21
					Year Ended	to
					31.3.23	31.3.22
INCOME AND	ENDOWMENTS
Donations and legacies
Donations					28,600,000
Gift aid					7,150,000
					35,750,000
Investment income
Portfolio income					276,920	311,638
Deposit account	interest				46,086	17,841
					323 006	329,479
Total incoming	resources				36,073,006	329,479
EXPENDITURE
Investment management			costs
Third party investinent		management		charges	20,545	26,865
Charitable activities
Maggie's events					2,800
Grants to institutions					30,387,550	11,088,733
Grants to individuals					5,000
					30,395,350	11,088,733
Support costs
Management
Rent					25,331	21,870
Rates					2,483	2,363
Office costs					8,255	6,096
Advertising					I&043
Office equipment					56	74
					37,168	30,403
Governance costs
Auditors' remuneration					7,960	5,100
Accountancy					2,288	1,740
Consultancy					25,000	31,260
					35&248	38,100

				Period
				5.4.21
			Year Ended	to
			31.3.23	31.3.22
Total resources	expended		311488311	11,184,131
Net income/(expenditure)		before gains and
losses			5,584,695	(10,854,622)
Gains and losses
Gains/(losses)	on fixed asset investments		557 155	5,953,971
Net income/(expenditure)			6,1417850	(4,900,651)