REGISTERED CHARITY NIJMBEIL. 1141997 TrUSTfLS' ND R THE YEAR ENDED ISTMAR 2•25 Shaw (Audit) Lirnit¢d Chart¢red c¢rtlfd Account•ts StsNtory Audi 25 Si Sire¢t Winchester S023 9HJ
AL PHILAKfH F THE FINANC YEAR ENDED 31ST MARCH 2•25 Reference Admlnljtrxtlve DthIL¥ 2 to 5 Report of the Inkndettt Auditon StstsmeNt of Adivitl io Blne Sheet Cash F&)w Sttethext 12 Notu to the Cssb Flow Stattment 13 Notes to the FhbM¢thI Ststew¢nts 14 ) 21 Di¢•M¢d PAteThMt of FknaMd*l Atthld 22 23
ALPHIL REFERENCE AND ADMINisfRAYIVK DETAIIS R THE YEAR ENDED 31ST MARCH 2125 TrVSTEFS AEIAW Z IAW (re518D 21.6.2024) R Sthwsky D Abousl¢inwn (oppoiDt¢d 2.92025) PRINCIPAL ADDRESS 2nd FkK SWIY SAN REGJSTERED cHARy NUMBER 1141997 INDEPENDEiYf AUDrroiL Shaw Gibb5{Alt) Limited si*wory Auditor 25 StllbJm&s Street S023 9 SOucoR$ 31 Hill Str¢¢l WIJ 5LS 440 Strw WC2R OQS
TrUSfEES' RKPORT FOR THE YEAR END The tThstees present their rel with the finLCi815tatements of the ch¥ity for the y¢¥ ended 31s¢ Ma 2025. Th¢ trusfees ve adopted thc prnvi5ioths of A¢¢owiiitig and RepNting by (hrittts.. Ststement of RecornmcJLded Prnetiee appli¢able to thaTities prewing their IA a¢¢ordaA¢e with th¢ Fin•n¢ial Rewtin8 Stsndard applicable inthe UK d R¢publi¢ of Ir¢lJnd (FRS IQ2) (¢ff¢#iv¢ l Janw 2019). L¢841 PAlmihistrive infUnl0 srf th¢ inf(rntion P•8e fonns p•rt ofthis ¥¢p)rt OBJECTIVLS AiYD AcriviiiKs ObJectlve5 alth$ The Trust was esthblish¢d Tnnt D¢ed dd 24th M8r¢h 201 l. Th¢ obiedive of the T is to knld fid$ which public good. Strategy The charity Ib)Ids the jnvestsnM ENXtfi)lio wilh • to geng over lirtie for fimd5 held abovc those pkdged in the eoming ye. Public benefit The TDJst¢ ¢onfimi they Fov¢ ¢•&ena¢o)w# of th¢ (Jwrity C(thrnissirth's 8enffal public bertefit. AL Philanthropies (ALP) providES filling *) organi5a¥)n5 which dem5¢ ¢h¥itsble PlPose. M05t 8rant aid il dire¢ted to regi#ered ¢hariti¢& conunon with othertr followiD8 currentcharity legislation, AL PhIlthrp1¢s
PHILAiYfHROPI TRUSTEES, REPORT ENDKD isr ACHIEVEMENTS AND PERFORcK Charftblt aetiviti AL Philanthropi¢$ (ALP)was e5ttbli5htd in 2011 by Andrew iwith a frfus on EdllCatK Health, St the Arts. Ii h Since broadencd to include envirtittmentsi projects- lo25 K¢y higkllgkts for All (fornerty Sp¢•k¢rs l•r&h••l•) ALP remain5 the priJb¢iP] funder of the UK'S l•rg¢M >xio1 Th)biliry tharity. The mission of the charity is io close the opportunity gap and level tht playittg field for all I l-l9 year-old state school and eolle8# pupils by providing inspiNiol tgjks aAd f¥ilitatin8 access to 7AY>rk that will help thcm to their fvll c4r¢¢r potential. Close kn 2500 s¢hoo]s Colk8¢s Th)w r¢8iM¢rrf thyide 16LKI 5k¢[S and 350 anployers In totsl £6.993.052 wasgrnnted to the ¢htriry the y¢w. The L•w FaNJily Ed¥uti••ai Trusl ALP ¢oniinued to Law F•mily EAlu¢i(d (LFED that is the Fyoud 5ponxY of th¢ Launhs Trusi a Multi Academy Tn (MAf) headquartered ID Chcadk Hulmc. ncar M#nches¢er. The MAT u¢omp8sses the 4.18 age "Our vision is for ryone, regardless of bkBrOu or crcumstance, to inspirtd, k) thrive in 011 enviroDm¢n¢% to recosnise what ittake5 to Succee a5pirfiondl goab aDd h•rd to achieve thern." GrAhts have enabled 8 rL8eof ort& VQIK 8Dd Other0U #tivilies * be wmled veating a more level playing field with private scbwl provision. £3.775.(W gT4ntsJ w LFET dlti8 the yer. Elrtknbot prtst ALP is a8lob81 alliance fThMKling partntyof Ethsl Th¢ EarthslK)t challen8e is a simple but ambitiryJ5 aDd univer5a] gonl for 2030 thai if xhieved, will rrp8ir the Plet before irreVeb]edn1¥¢Oe Develop in wKth Irading envlronmetXperts th¢goa]s are toProt¢c¢ d Restore N&tttr¢' cl ourAir. R¢viv¢ owO¢¢w' Dwild a W45t¢-Free Worl¢L" and Fix ourclima Every ythiS decade. HRH Prill William adistinguislxd $z¢ COW11 will award £1 million Earthshot Priz¢5 to rive wijur5. one perEarthskn A ofgrwt in Decemi%r2022. Atytal of £lm w45 disbun¢d in th¢ y¢Ar. Science (M•eheller) ALPS multi-ye¥ &Jnation wa% in Sup1 of the re1vjvi of thr ScicTKe Museum, Ex)th for th¢ Pow¢r Hall. Andrew Law Gall¢ry and an educatioll pro8Trm. The PoThrr Hail oFne4J io 0¢ber 2025 is based in the original 1855 shipping shed ftir LiV¢Oi Road Staiion. the wwlrfs fwa pUTro$¢-I1Il passenger railway Station. h is placed trj be one of the most belovd industrial herita8e 8alluies in the country. IKMtsing of the UK'S larg collection5 of HrkIng steam en8iAes, the Majority ofwhich were built in MatKh. Pa8¢ 3
TRU TEES. REPORT R THE YEAR ENDED 31 The Support of £177.LXJO w&s 8ted to The [x)Y its pumarMt immersive ¢¥periettt, LOWRY 360. in collaboration with Barcelona'5 Immersive sh10, JAyv5 of Reality, visitors are surrounded by a creative exph)raiioffj iti supefrhigh resolution. of a lting ttlebroles the ¢11£¢( anticipatiOD. aDd ritiM] of going to a foothall match on a Saturday aftern(. From fxtory whtIeS to the cxcitcd chatter of * expe¢thni ¢Mvd, this 1$ a glorious evocation of an cxperi¢n shucd ty fan5 acr055 the . and a t¢stWnenl fy) LS L(swry's ¢xc¢ptioThal skill at captwing the daily liv¢5 of Ththiog peopk. Pkn¢e2Be ALP continutsl to fimd Place2B&s Salford sdmJo]swo8r2ll. • fow"YearsdY A%sessin8the Imp1 of its s¢tvi¢¢s on the wknle sclM>ol. The intent is kn to provide evidentt of Iv)w Place25 irrt¢rvttition ¢m b¢n¢fit pupils pwits. and ferhers through providing da drivEn Evidence. Place2Be tar8ets Pr1rn sch(•)lsaerosstheenlirt Sa]ford tre#. Theadditithml Sup aellts and ¢xpaDdsthe reBions mentst health ¢ounselling supp)rt and training h0O1$ k) imwov¢ the ¢molion w¢llb¢ing of Childre young pEopl families. tea¢h¢rs st•ff. £836240 w&8 dbSed dwiD8 theyeBr. During the p¢riod the inves¢m¢nt rtfolI of £461265 and the movement in mwket vdue$ 8¢n¢r4t¢d U[liSed Bains of £7218.181. At the puiod tnd the Frf)rtftsl 1¢ £91,479,713. Th¢ Inv¢5bn¢nt Sthcommittee re8ularty di5CUSsed the MNeStiAt outlL¥>k. ThEy agTEed the asset allocation for the perityj ahcad and invc5ted thc rceeivcd thnation &ross ex11¥ public tharket holdll The w¥rtfolio wa5 currently ba1ced and appropri¢ for the period a Taking the year overall pufmance of the inve5trd w&$ ri 9.5 Thc with th¢ ARC Balanced ¢JrIty b¢ThthMk of £iff• 3.4 C&th held in hitsryieldmw mew mket FINANCIAL REVIEW FiMneil position At 31st March 2025 the fimd bthnc¢ £93J60.75112024: £72J5I864). Prineipal fundiD% iourtes Th¢ main sources of in¢om¢ for th¢ ¢lwity ¥e llw¢stwt itscom¢ )d d(mions [K¢iv from Andrew Law. a No thntlions have b¢¢A SWT¢ed fmm g¢ll1 pybli¢ ID the year. Ithvestmettt eY objeetlves uftdue ris 1¢ i8 th¢ pglicy of th¢ ITUSt to n)aiThtaiD th¢ free we¥rves of the Int at a level •J wovi& 5uffi¢iell¢ fim&% to cover mana8emenL thinistration and support costs knd the PTowd grani Tnkiti8 iti the yw. FUTURE PLANS The charity will continue to provide 8raDts to dwitable Owls a5 se¢ out in its (iectivts Iims. RUCTUR& GOVERNANCE AND MANAGEMENr Governthg document The charity is conltolled by its govanin8 (kollncnL • dc<doftru and lA(¥)oId dwity.
ES. REPORT R THE YEAR END srRUCTUR& GOVERNAI¥CK AND MANAGKME R¢¢rnitment d appointsent of DtwtnsteeJ The tru5tEes of the Charity Informati page. New tnL4ttts may be a[lted by the settlor l•w and or existing trust¢es. And appoithing a new io settl¢ law w ¢xisting Intee5 will take into rQut the benefits of 4)wintithg a p¢rsoo wkKJ is abl¢ by virtu¢ of his or her Pu1 or professional qualifirafs ty make a contribution to the PUTSUit of the objcctivcs or maDagement of the ¢haTity. Th¢ trustee provides for a minimum of hvo tru5tee5 and a Mlmu of eight. Th¢ kns¢e¢s Tnttt at least twice & year to dixuss and iwl¢meJt poli. DlSIOnS Are made by 4 $impl¢ majority of votes cart al a meetingof the tnkste Riik wllgtmeDt The ffvi¢w the ¢harity$ ¥¢ivitiM •nd th¢ risks to whith it is ¢xposed L¥Jnfinn that £(01$ are in place to miti8ats those risks. The main ii5k ILI th¢ &ity ¢ov¢rns the inveslments held. The trsteeS lle the ¢v*lu10 of inv¢sln)ents Ind the
)wme str¢am generated.
CHANGE OF NAME Th¢ ¢harity ptssed a special whrtK)nlJD 21st July 2025 (4wi8in8 its from The law Fwhily Charitable Foundation to AL Philthrop1¢S. 7th knuwy 2026 Appmved by (th of the knard of Inlee5 (..._............................... . •nd on its behalfby: AElaw.Tn
PHI HROP ATEmE OF TRUE& RLsPO]YSIBILILs ENDED IsrMAR H202 law aThJ Uniled K8dn Aw)wititig Standa$ (United KiA8kn CRDerdty Accwl Accounting Practice). LTharity law requiT¢s th¢ tru5ttts to prqwe financial [tar yw. ihth that law. the trustces havc elcctcd to prepxc the finan¢ia] ststements in a¢¢ordan¢ewith Unityl Kingdom Genexally Accepted Acwunting PrHGii¢e (United Kingdom A¢cOtIng Stand¥ds ond 4Fq>licabk law). Under thaThty lawthE tru¢¢5 mu# n0tPFWDthE fiw¢41 unless thryxe satisfied thatiky 8iv¢ a fair view olthe thie of affAits of th¢ ¢knity and of the iA¥Jmin8 resources and appliutmm of resour¢¢& in¢ludin8 the in¢(An¢ and expdItr}f the dwity forthat In preprytb)5e fin•nciul 5tst¢meDts, tbe trLLes are required to 5¢kct 5uitsbl¢ x¢ounting poli¢i¢s 8nd th¢rt apply ¢kn ¢w¥tethty' obs¢rv¢ m¢tho&s and principles in the CTharitie5 SORP. make judgements and estimate5 that are reas(wbk wud¢ sthte wlther appliable #Ernting Std1[d$ k4v¢ kn followe4 subject to w mateti81 d¢pthirts disclosed and explained in the fin80¢i8] stal¢ments' . prepare the fitwicial JtstcmcDts on tht 8OiD8 coDccTh b&is wikss it is weswne the charity will ontinue in business. Th¢ trust¢e$ 8Te for keeping pw acLxxmtry rLd5 whith dis¢1 with reafonable accurncy at any time the financial SItion of the charity and kn Cnlf enswr that the fJnaThctal statements comply with the Charities A¢t2011 andTheCbarity lA¢¢0?dR¢PQrts)R¢gUJatIons 2008. They are also resnSibkfDrs8fe8llardln8 the assets of the charity and hence fortsking Tenable steps forthc pevthtion and dek¢tion of and other irregularities. Th¢ Intee5 are reswible for the rn•inte4wtt and inte8rity of thc dwity •ThJ fitt¢141 information included on the Charitys website.
EPENDENT A DrroRS TOTHE IRusfEES ILAiYfHROPI Opiulo W¢ have oydited the fancial statements of AL Philanthr(yie5 {the'clwtirf) fi)T the year cnd¢d 31st Mh 2025 whith mpris¢ the St3t¢rn¢nt of FiaaDcial Activilie4 the Baiantt Shert the C&sh Flow Statn¢ and n(rtes to the financial $eMents. including 4 summ•Jy of significant ¥owniitig policies. Th¢ fala[ repLKting framuwrk tha¢ has beeh applied in the prepatatM)n is appli¢abk law and UAid Kid0 A¢¢ountin8 Standuds (Uttiied Kingdom Genernlly Accerrted Accounting Practice). In ow opinion the rUwla1 St4¢m 8iV¢ 8 tnx and fair vi¢w of the 5t of the ch¥ity¥ ffaits &% It 31st M•r¢h 2025 of its irwming resources and application of resour¢es. for th¢year ¢ha) ¢nd¢d: . have bten tKoperly prep in accordance with UDited Kin8&)rn Generally Accqrted Actotittg P1¢¢. and have been prepareA in XLwdance with the requirementsof th¢ awities A¢¢ 2011. Bsli for •pthloth W¢ wndu¢ted OUT w¥qit in •¢wrdArtt with Standards sjll AwlIti IUKI (ISAS (UK)) •pplicable law. Ckn reS1b11]tles ulldcr those s¢knd¥ds ¥e fu]ther des¢ribe4 in the Atyjiws. Ip)nSIbIlItieS for the audit of the ruhaThGiil S¢ents srftion of Olf ryort. We 8re indewdentof the chafity in accordance with the ethical r4uirem¢nts that are relevant to our audit of the fmancial staternents in the UK. inGSuding the FRCS Ethi¢al Standard, and we have fvlfilld our other ethicaj re551blitses in KCOrd with rqulrrmts. W¢ b¢lieve that the audit evidcncc w¢ have obtsitted is suff1¢1 and approwiale to prowth a b•sis for ouropiniw. CondwioDS rel•tin% to c•llt In auditing the fthan¢ia] swements, we have cont that the trlee5. ofthe 80in$con¢em basis of accoting in Based OA the work we have pttform¢¢ we hw¢ r#X kl¢ntified my muial uncertaintses re18 to events or ronditiohs th&( individually (r collectively. may cast Si8llLficant 4h)ubt on the thuitys #bility to ¢Onlinu¢ Is 4 80in8 concern (or puiod of at ltast tt¥elve mth)ths fn)m when the fDwial i55ue. Our r¢5EKJnsibiliti¢s and the teswJDsibilitits of the knJ5e5 with Te5pecl lo going (on¢¢m we thwib¢d in th¢ Tel¢vant seclw)n5 ofthis re. Other im(0rngtion The trustecs arc r¢spon55ble for the other The inforniwion ¢4yhryiseg the infomhation included ID thB Annual R¢porL other the financial stste4lle and ow RqM)rt of thc IAkpendcnt Athliti)TS ther. In conncctK)n with our audit of the finaD¢ial sthtement& ourr¢4Mibility 1$ Te•J th¢ rAh¢r infOrntiOn and. in doing so, Wnsid wheth¢t the other ittf0mlI0o ts friaterially incots%istent with the fmancial statrments or our krh)wledge obtained in th¢ audit or othen¥ise appears to be materially mi5Stated. If w¢ idrntify su¢h m8t¢rial in¢onsisl¢n¢ies or opp8Tent material mi$$tatements. we e Tryired kn deterniine whether thi5 risr to a mot¢rkd misstatement in the rinancia] ststrm¢nts themselves. If, b•sed on the work w¢ hav¢ Frfonnrf we r#Mclude th&t therr 1$ a material miss¢at¢m¢at of this oth¢T Inf(Mati w¢ w¢ rewwed to rq>ort that ft. Wt lthve rtothy to report in this r¢8ard. Mtten OD wbkh we are Tequlred io T4rt by exe¢ptw• We have nothing reprt in r¢spe¢t of the folk)wing mattys wbere the C1witie5 (Acwunts and Repxtsl R¢8ulations 2008 wuires to i¢t)rt to you if. in ouropinioD: the InfOrntiOD 8iveD in the truses Rewt is 11K4)#¢th ith Itsy r¢spec¢ with th¢ fmancial 5taternen or 5uffi¢ient a¢¢ounting r¢cotd$ have not beeL kept; or . the fJnan¢iAi sth¢ements we in agreement with the accollty records 8nd teturn& or w¢ hav¢ no¢ w¢rxiv¢d all th¢ inforniation expltIl we re4uhfE foEour w11. P48¢ 7
RT F TIIK INDEP ND RE¥p$ibilibes •f tr•stoes A5 explained more fully in the Statement of Tru5t¢es' ReStn$1b11ll1¢$, the trysl¢es le431b1t for the preparation of th¢ finhcial stateMtsWhIthBiYt atrwe fairvi¢w. aTKI forsy¢h iNt¢rnal asthetrusteesdetenniDe i$nec¢ssary to enable th¢ pr¢pwiw of fiDaxi81 stat¢ments are free from matuial rni55tsknenL to fraud or ertor. In prepzing the rMan¢i th¢ ITr1¢¢$ T¢ resp)nble for as5¢5sry th¢ thwity's ability to contilluc 45 a going roncern, di151n& &8 applicable, matlers relatedkn Boin8cEMSTha using thegoiThgwn¢ern knisor¢o1tin8 unl¢Js the ¢ith¢r intend to liwidate the charity or lo cease opuation& or have no rtaii$tic alternative but to do so. Ovr reJponsW¢s for tkn •tytht •ftht fw¥i•l We have been appointcd as alI10rS under Sedion 144 of the Clwities A¢t 20114hd report in aC&)rd with the Act mi55tstem¢nt. wlth thie to error. and issue In auditorfs ffp)rt that includes our opinion. Reasonable as$uran¢e 1$ a high l¢v¢l of as5uran¢e, is Th)t a 8uThiee that an cOndted in XCOTdmrc with ISA$ IUK) will always detect a material misstatement wben it exists. Misthtements e•n arise from fraud or wror and are considered material if, i1]vidual or in th¢ aggregate, thry could yenably be expec4 trj iDtlucnce thc economic decisiotss of Irrc8ularititt. in¢ludin8 of I•¢01p11ance with laws and regulations. We design pro¢tdur¢s in line with our r¢sponsibiliii¢s,outlind abo to d¢t¢¢t mat¢riJlmisRtem¢nts ID respe¢tof irregularitie5. inGluding fraud. The exlenl to which ourpro¢edures are pable of dete¢1) ifftzul¥i¢ies. in¢ludirt8 frawl isijdailed below: The exteni w which ow are capthof thttttiD8 ine&ularilie& induding is detsiled below: Bec5¢ of the inher1 limiwiom ofatt wdiL th¢ff is a risk we will detect ail ifTegularili¢5. iKluding th05¢ leadin8 to a material rnisstatement ID the fmaD¢ial 51me or no(p]in¢t with regulation. Thts risk increase5 the moff¢ that compliance with a law or regulation is fmm the events ts)Sl0$ T¢fl¢¢t¢d in the finaThcial 5taterneDts. 85 we will I5 likely bwome •war¢ of titiCes of non-compltathce. The risk is also gre&r regarding omission or misr¢pr¢5¢ntatioo. We obtsitKd an understandino of the ie821 and rt8ulatNy appli¢•bk to ts Ch1 via discussion5 with the trLL8tees and rpr¢viOus knowlcdge of thc dwity. This identified that th¢ nw¢ signifi¢ant IM snd re8uiathons latr to the fwrn and Content of the finanGi41 Stskmcrrts suth as tr Cktarities Act 2011. the Tharitics SORP (FRS 102) and Finan¢tal Reponing SwLdard 102. Th¢ charity complies withthese law5 and regulion5 by using •ppropriely qualified As part ofour plannin8 pmce&s we assessed susceptibility ofthc charity's [¢]8] smeThts material misststements. including how flaud might by making an ssessrn¢rf of th¢ k¢y risks. Th¢ k¢y risks idttttified in respect of AL PhilanthTOPi¢S IS man4g¢mcntovwwide and ¢ligibility rjf cbxitable8ivi. The tntsttts ¢onfim¢d no actual. suspethd ail¢gAI offla B&¥ed on thi5 a55¢ssm¢iit we designed ouraudit wo¢¢th address th¢s¢ k¢y risk with emphasi$ Oft t¢stin8 the incorne ggins on the itw¢stsnenL% and the charitable knatioosm*le. A filrther dcscription of our rtSFKffisibilities forthe wl10f the fJtsaNial $t4tem¢nts is located on thc Fin¢117 Reportin8 Council'5 website at hiipSJ/wThw.fr¢.or&u1ibr4ry1sIodth-¢0dCS-PolIcYJavdI1-1san¢e-Ind<thLcs This des¢ription ftirms of our Reportof the Ind91 Alit0
DEPENDENT AUDATORS TOTHE IL ilae of our rewrt This rewrt is solely to the charity5 tnLrtee5. as % body. in •rcoTdancc with P•rt 4 of the Charities {Accounts and R¢ponsl Ae8ulatiow 2(. £T aLbJit work has been undert4keo 50 dwt might stste to the charity'5 trustees th matters we are required k) then) in art èAvJitorn' 1¢Ft and for no other pw. To the fullcst extent pern)itt¢d by law, we do noi wpt or a554une r¢sp)JLsibiliry to wone other than the clwity and thr thllrity's Inths a t. for our audi¢ worl forthis report. or for thc OPiDiOnS wc hwc fonncd. Ju Shaw Gibbs (Audit) Limited Chartertd Cefiified AccouthtsDts StsThiory Audiior 25 St Thonw Strttt Winchester Hampshire S023 9HJ Shaw Gibbs (Audit) Limsted is eli8ibkforappointrtieni •saudiKofth¢ dwity by virtueof its¢]igibility for$Antma as aUdIr of a ¢on¥any tr S¢rtion 1212 of the CornpanEs Act 2(Kl6. Page 9
PI ATEmE1 OF FINANCIAL A FOR THE Y 202S Utsrestrlrted fuD 2024 INCOME AND ENDOWMENfs FROM tknatiort% and le8xies 2SIfj•,98b 898.822 Invesffit itKom¢ 6S 621258 Totsl 45 1520 080 EXPENDITURE ON Raising fullds 4.074 Cb*rltabk a¢¢iviti Charitable givitig IA L440 8 520 495 Totsl 9 1524569 Net giitis on inv¢stsn¢ttts 4 654 497 NET INCOMEI(EXPENDITURE) 21,•07J (2J49.992) RECONCILIATION OF FUNDS Totsl bYou8ht forward 72J52W 74.902.856 TOTAL FUNDS CARRIED FORWARD 751 72 552 864 Pa8e 10
AL PHI PIES ANC£ SHE 2025 Unr¢strftted fmnd 2024 Total FIXED ASSEIS Tangible a58elS Inv¢sts))ents 94 126 79 713 80 045 434 12 91 91479WVI 80,045,560 Debtots Cash 4t bank 13 5031.747 S754154 54.989 CREDfTORS Atnounts f118 thje within one year 14 12.680J87) 15.809.882) 3074167 5 7S4 893 TOTAL ASSETS LFSS CURRENT LIABILITIES WS3J74 74.M.667 CREDITOKS 15 (993323) (1.737.803) NET ASSETS FUNDS 16 93 751 72 552 864 93 751 72 552 864 nh January 2026 and We on its blf by: A E Law- Ttce
CASH FLOW STATEMEI FOR THE YEAR ENDED31STMARCH 2•25 2•25 2024 Cash g¢ner4ted (0¢1¢S 10712 824 Net pMv1d byllu5ed in) owatiD8 xlivilies 824 Pw¢has¢ of fixed awt inve5tm¢Dts Sale of fixed $¢1 inveslmet IDt¢T¢st received Dividends received Third party inve5thi¢nt rn¢nt ¢haBr Q3.944MI) 21Jfj3,136 84.74• 383J25 P3,O99) 93 (18277,548) 20,720.000 55275 565,983 (4.074) Netcash (used inyprovided by invtsiiiJ8 8¢tivilies 2 055 709 tht reportlug p¢rlod CLqh Rd ush equ]Vts t the btEinlliD% of the TeportiDt wi•d 668AI8 (8.657,115) 1712 104 C#gh ¢q¥iv•lents t ¢k¢¢•l of the reportiM8 PEri•d Pw12
HROPI NOTES TO THE CLSH FLOW ATEME FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF INCOMV(EXPENDITVREI Ttl NET CASH FLLIW FROM OPERATINC AcfKvrriES 2024 Net in¢omd(¢xp¢Ddityr¢) for the rtportlmg perwd per the bkntement of Fillncial ACtiti> Adjwttbettts for. D¢preciation char8¢S Gain on inve51ments Intert receivEd Divsdetsd$ rec¢ived (2.349.992) 32 42 (731&181) (4.654,497) (81740) (55.275) {383J25) (565.983) 4.074 fnercase in debtors D¢¢15¢ in ¢ttdil(Ks (5031.74m l¥ot csh pr•vwJed byl(llMd in) openiiti ANALYSIS OF CHANGES IN NET FVNDS At 1.424 Cash flow At31325 Net cask T•tsl X989 66 Page 13
AL PHILANfHROPI NOTES TO THE ATEME H 2025 STATirroRY INFORMATION AL PhilaDthw¥i¢s. fonntsiy nlmed Law Famrly Clwitlt FOtim is a dwrty ttgistered in England and Wales. The chuity's rryist¢ted number and regisr¢d SAldw ¢an be fOd in the Trnstees. R¢p)rt. AccouKfiNG POLICITr AttouDtIDg eoDve•d•AJ The financial statements of thc charity. which is a public bcncfit thtity under FRS 101 hwe be¢n prepared in a>[dance with the athrities SOPP (FRS 102) 'A¢¢ourtiing abMI R¢p)rtittg by Ch•riti¢s.' Statement of REwmmendcd Prartire apyli¢abk ¢hWitIespr¢ItsS theiraccountstTh acciprd8ncewith theFinan¢i81 Reportin8 Stsnd¥d appli¢abl¢ inth¢UK and Rwblic of treland (FRS 102) (effective l January 2019),. Finartcial Reprtin8 Stand¥d 102 Tr Financial Rcp)rtin8 Stsnd¥d applicabk in the UK thj ReblIC of Ire]Ènd' alld the Charitie5 A¢¢ 2011. The swem¢nts hav¢ b¢¢n wep1 histori¢ai cost ¢onYention. with the exreptionof invtstsnents which are hnchmkd x rnarket value. mOdifd by the re¥uatIon of ¢¢rtaio we The financial 5thtun¢nts hav¢ b¢¢n prwvj to give A YTU¢ 4nd fairf view have departed frorn the Chartties (Awounts and R¢m) R¢8uiations 2$ only to the extent required to provide a Irue and fail view. This departUTC has involvryj following A¢¢11£ artd Reporting by Cbariiies preparing their xeounts in xcordance with th¢ Finan¢i•l Reportin8 Sland¥d KylKable in th¢ UK I1 Republi¢ of Ir¢laTrd RsIO2) issued in October 2019 rather than the AccountiD8 and ReptIng by Th•ritieK" Statement ofR¢¢4)mm¢nded Pr ¢ff¢aive fro 1st A1 2005 which sincc bern withdr The In¢5 consNl¢r thjt th¢re ¥e rnrial unCerleS alxxrt the Clwity5 ability to wntinwe as a g(Jin8 Intome All income is rwnised in the of FiD8AKi41 Aatviti¢s OK¢ the ¢harity I$ titlement to the fithd& it is bIt thai the inc(ne will be received the8ftKJt can bemeLsufed rejiabty. Expettdltu Liabilities are reco8nised exyditure soon as there 15 a OT conslrnetive obligation ¢ommilling th¢ charity to that expendilure. it 15 wobablc a transfcr of ¢Eonorni¢ berter will b¢ wyir¢d in s¢ttlement and the arnount of the obligation Gan be mta5ufEd reliably. EXpeNdIti is O¢colted foron an accrua15 basis and has been ¢Jassifi¢d )der Iwdiw th 888r¢g all ¢0 related to the cth80ry. Where b¢ ditedy attributtd to 1¢1•r hding$ thry havt been adiviiies basi5 Wnststent with the use of Grants offereA subject to coNlilioD5 wbith kne N)tbeen met at thr ytaTeThJ dth w¢ wted as a ¢ommitm¢rAt imrt rtoi CluE as exdi1Ur Tn8lble fixtd Mets tkprccialion is pmided xth¢ ftIlknvin8 •JwwI rates itic¢der lt¢off ¢¥h J5S¢tov¢ritsestimated usefijl lile. OtTi¢¢ equipmeTh¢ . 25% on redllciD8 balxKe Computer tquiprnettt - 25% on co The ckLarity is exemw from tax on its thlIle 1ville All funds held by the carity are unrestricted s11 which ¢•n be wed irt *c¢ordance wilh th¢ tharitsble objective5 atthe disuetion ofthe Tnthe P8ge 14 continued..
TES TO THE FIIYANCIAL sfATEMEm- tmlimutd R THE YEAR ENDED 31sr MARCH 2025 ACCOUNTING POLICIES. Su)ck$ &T shares quotrd ort the L(th SwKk ExChSe are in¢lude4J in th¢ baiaov sheet at thEir markrt Yaluc at the year end The differences betwe th¢ fywk¢t valy¢ •nd th¢origioal cost of the ITWe5 ]nElUd in the Statement of Fillancial Activitie5. DONATIONS AND LEGACILS 2•25 2024 2Q153055 719.145 125 179 677 Gift aid 898 822 II¥VFsfMEKf INCOME 2025 2024 Portfolio in¢ome Ikposi¢ ac¢ouDt interest J25 S65.983 55 621258 Investrnt cwts 2•25 2024 Third paty investmentman¥emEntdwge5 The inveslmenl rn*emEnt fec5 by th¢ •Te to the knd ba1Ce 8nd are Dot ablc to be split out s¢parnt¢ly in the aCcots. A]th IAW reimlxr5ed the fees Charg by As8ociAtes LLP in th¢ y¢ar ¢0 rjffset any Person benefrt. CHARABLE AcnvmES COSTS fuDdiDg of activities (see tE ¢osts (stt not¢ 8) 7) Totals 11781769 34 Page IS inued...
HI HROP NOTES TO THE FINANCIAL ATEME YOR THK YEAR ENDED 31ST MARCH 202 GRAP113 PAYABLE 2025 2024 Clwitsbk giving 11781769 8461206 The bjtsl gmts payle to 1n#itirtio ITh thep1j w¢rE &s folknvs: 31J25 31.324 SpMk¢rs f Law Fsmily Educatiojwl Thryt Nwtionai Porlrait Galkry 4.743.000 1,890,000 835,000 434,680 140,000 3.75SO•• 2WO• New Tav Youth café Tvi5tLk Youth Footh1 Club Th¢ Centy¢ for So¢il Justi¢¢ Poltcy Exchan8e Game & Wildlife conserv1 Tn Manchester City in the Commuoity Royal Shakespeare CompaDy SOthcrbs InstiDJ (CuitrJr#] k8d¢ts The Sava8¢ FoundatioAlder ShuK Atlantic Partnerthip OutGi455- Sts8¢ Right (Xherthnatiolls UAder£l.1100 The LO Centre Tn Kukri Futtd Univ¢rnity of Y(*k i•yo• 100.000 75,000 60,000 50,000 30,000 75,000 10.000 7,500 6.5110 3,928 7&01• o•• i&o•o 1.950 177.•0 64979 UniY¢rsity of Ex¢ Gras$in8ton DevolIe Inltirte The SuttOD Tn forPublic Poli¢y Res¢1 Serpeniitte Tn1 TwinniAK project Finito Educatioth Limitrd Int¢grn Group Adviwts 87A811 sojoo 30.•00 268110 16h68 To1 gmts ty organimiion$ Grnnts p•yabl¢ Indiv1$ in th¢ Other donati(rn £1.000 11.781369 8.460.608 600 11781769 1461208 £500 given to the publicati oran IKY&. Py16
pi NOTES TO THE FINANCIAL ATEME R THE YEAR ENDED MARCH 2025 SVPPORTCOSTS To¢8 C1wit•ble Biving Support included in th¢ ar¢ as follows: 2•25 Ch¥itabl¢ 8ivin8 2024 tivities 2V68 2J04 7033 Offi¢e tosts AdYertisin8 Surtdrits 32 G•vern4ntt costs 2025 Charitsbk 2024 ¥tivitie5 Auditors. remCli0 634• 2N24 059 2J4( 9J75 Corssylt Le0 ftes 19 TRUSTEES. REMUT4ERATION AND BENEFITS Notrustee receivanyT¢MUn¢llonCXCtpt¢oslIjY fees of£tiil (2024. £9?75)¢hSCd by Ro8er S3dewsky {trust¢¢) fora variety of incl18ddil18ttte8Trd monitorin8of fundcd propwnrnes. Trnst, ¢xpevJ There were no tswteeg expee5 pmd for the year ended 31stM*reh 2025 nor for the year ende41 31st Matth2024. Pa8e 17 ¢ontsnued...
AL PHILAH opi THE FINAN E YEAR ENDED 31sr MARCH 2025 ID. STAFFCOSTS 11. TANGIBLE FIXED ASSETS off¢ tquipmeA¢ Compu equipment Totl$ At l# Aprll 2024 31st M¢h 2025 DEPRECIATION At Isl April 2024 Charge foryear iJ•• 20 32 32 At 31st Mar¢h 21725 iYKr BOOKVALUE At 3 1st Mwrth 2025 At 31st Marth 2024 126 126 11 FIXED A&SET INVEsfMEPll5 Cash and pudi Total$ MARKETVALUE At 1st April 2024 Additions Disposals 78.9TrJ24 23,941,1 QiJ03.136) lJ167Jl• lJ74J93 80W5h34 2SJ19334 (IIJ03,136) At31ll 2025 I• 91479713 NET BOOK VALUE At 31st Klarch 2025 At 31st Marcb 2024 1067 910 80 045 434 Historical wstof inve51ments at 31 M¥ch 2025 £57.IMO.640 (31 Matrth 2024.. £54.101.WJ). Pase li ¢ontiDued...
HI ROPI NOTES TO THE FINANCIAL STATEMEpifs-e•nttMued FOR THE YEAR ENDED 31ST MARCH 2025 11 DEBTORS: AMOUNTS FAILING DUE WrnIIN ONE YL4R 2025 2024 I& CREDITORS: AMOUNTS VAILING DUE WT17111¥ ONE YEAR 2025 2024 Gt¥n15 payabl¢ 7U27 5,803,882 7 5809882 I& CREDfTORS: AMouKfs FALIING DUE AFfER MORE THAN ONE YEAR 2024 Gra1 payable 993 23 1737 803 I& MOVEMEKf IN FIJNDS Nct At 31.3.25 Al 1.424 ullrestTitt fw•ds 7¥S2064 210•7W7 93W,751 TOTAL FiINDS 72 Net moverntnt in included in the kn *E as follows.. Gaills ad Movement in fund Utsrulrithd fuxds 2W345 UIJ39S19) 7Jl&l81 21,IXVY•7 TOTAL FUNIKS li Pa8¢ 19
ROPI NOTES TO THE FINANCIAL ATEm[fs- eoDtkntAed FOR THE YEAR ENDEDJIST WCH 2 I& MOVEMENT IN FUNDS- t•DfknwJ Compr&tivu f•r mMwemet Net movement At 31.324 At 1.423 General fixld 74,gll,856 (2,349.992) 72,552,864 74 Cornparativt nct movtJiient in ittchjded in th¢ aF•)v¢ Itt as follo. ins and Mov¢m¢nt in fvth1s expended UDrestrl¢¢ed fu•ds Genetal fund 1520.080 {1524J69} 4,654,497 {2J49.9)21 524 69 17. CoNTIr4GE LIABILMLS In the CUntyear there IJ a o)ntingent li•bility present f0r&grnntaw•r trith¢ Kukni totslling £237.021. The m is EQntingrt th¢ Kukri xhievin8 a level of fimding will then be mawhed by AL PhiJmtFwopi¢s IA the futw thc prior yetr th¢re 8 ¢Offjiw¢ liability pesent for gr•nt awarded to ProBono EcoDomiG5 kntalling £200,000. Th¢ grant wotiD8¢Ni on ProBong Ec(wmiw achicviD8 a Itvel Of funding that was matthed and paid in 202S. I& RELATED PARTY DISCIA)SURKS MrA E Law is a Inuter ofThe LTh Family FA10 Spe4k¢rs for S¢hool$. These charitie5 received a total of£io.748,052 in (mm AL Fthilalltlwopies in the puiod Coded 31stMarch 2025. The Law Farnity Educati¢Jnd Tr41 esthblithed the IAmis (a Multi Ae&lemy Tn) prnvide sponsoTship fimding s¢Trthls and ¢du¢iOrolwogrx illthe F4anthe5teraT¢& Th¢tAw Family Education41 Tnt is wtrjolly by AL Philanthropies. Mr A E Law is the Chairm Ind Ghicf ¢KlI officer of Caxton Alc1SteS. At 31st PA8reh 2025 AL PhilanthTOPia held inv¢smients wyjrth £34.944.l44 which is rnan•g¢d by Auo¢iates. Investment mJna8¢m¢nt f¢eT¢ cbx8ed tothechtyfortheyearwhich wcr¢ lMINT5¢alo Cuton AS¢taleS by Andrew LAW to offset any benef SeThiees wert Fyovided to the charity for th¢ maintenance and beepIng for theyw at ch¢ by C•xton ¢mploy Mr A E Law is a In of AL Philanthropie5 totsl in th¢ year of £20,153.855. of whith £20.028.500 qualified for gift aid. Jthcluded iAthe ts1 t&)niott fnxn A tAW is * reirnbur5enK of a¢4umuhtive costs tots]ling £125 J55 in rupea of ¢stsbli5hMI ¢xpen5¢5. continued...
NOTES TO THE FINANCIAL ATEME FOR THE YEAR EN 18. RELATED PARTY DlSCLOSURES-¢•tstWd trA E Law was a IK)ard m¢mberofTh¢ Sutton Tnwhk Reei*4ed £30.(th) ift gmi nw¢y from a mmitted 8rnllt in the wioryear. P4e21
DETAILED STATEME OF FINANCIAL AalVmES FOR THE YEAR ENDED 2025 2024 INCOME AND ENDOWMENTS Do*t10 and iepcios Donations Gift aid 2ffj153OSS 719.145 179677 25,16•980 898.122 Imvtstment IDtom¢ Portfolio income 383J25 565.983 55 75 2W9345 1.520.080 EXPENDrruRE Third party invcsthiertt managemeffj thug¢s 23m9 4.074 Charlt•bk ctivilita Grants to i11¢UtionS Grants to irmlividuals 11,781369 8,460.606 600 11,781.769 8.461306 pport cojts R¢nt ISJ94 lJ89 28.468 Offic¢ ¢osts AdverusiD8 7.833 lJ68 152• 32 otrice equipmenl 42 26 40.015 Auditors, r¢munerntio ACcoun¢Y Consultsrtcy Legal fees 434• 6.059 2,340 9J75 19 11 9 8524569 Nrt in¢omel(¢xp¢Ddlt¥) befott 14719.706 {7.004.489) This PO8¢ thxs Trt part of the 5tatstw fuh•nrial 5tatcfftMIs
AL PHILANTHROPILS AILED R THE TEME ENDED F FINAN H 2025 2025 21J24 Gliw Ittd los Galll4(loss) on fixed as8d inveslm¢nts 4 654 497 Net llleornel(expellditsTe) 2 349 992