REGISTERED CHARITY NIJMBEIL. 1141997 TrUSTfLS' ND R THE YEAR ENDED ISTMAR 2•25 Shaw (Audit) Lirnit¢d Chart¢red c¢rtlf￿d 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 B*l*ne* Sheet Cash F&)w St*tethext 12 Notu to the Cssb Flow Stattment 13 Notes to the FhbM¢thI Ststew¢nts 14 *) 21 Di¢•M¢d PA*teThMt 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 cHAR￿y NUMBER 1141997 INDEPENDEiYf AUDrroiL Shaw Gibb5{A￿lt) Limited si*wory Auditor 25 StllbJm&s Street S023 9 SOuc￿oR$ 31 Hill Str¢¢l WIJ 5LS 440 Strw WC2R OQS TrUSfEES' RKPORT FOR THE YEAR END The tThstees present their rel￿ with the fin*LCi815tatements 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 PAlmihistr*ive infUn￿l0￿ 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 d*d 24th M8r¢h 201 l. Th¢ obiedive of the T￿￿ is to knld fi￿d$ 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 fill￿ing *) organi5a¥)n5 which dem￿5￿￿¢ ¢h¥itsble Pl￿Pose. M05t 8rant aid il dire¢ted to regi#ered ¢hariti¢& conunon with othertr￿￿ followiD8 currentcharity legislation, AL PhIl￿thr￿p1¢s PHILAiYfHROPI TRUSTEES, REPORT ENDKD isr ACHIEVEMENTS AND PERFOR￿cK Charft*blt aetiviti AL Philanthropi¢$ (ALP)was e5ttbli5htd in 2011 by Andrew i*with a frfus on EdllCatK￿ Health, St￿ the Arts. Ii h Since broadencd to include envirtittmentsi projects- lo￿25 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 inspiNio￿l 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 5￿k¢[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 b￿kBrOu￿ 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 r*L8eof ort& VQIK 8Dd Other0￿U￿ #tivilies * be wmled veating a more level playing field with private scbwl provision. £3.775.(W gT4ntsJ w LFET d￿lti8 the yer. Elrtknbot prtst ALP is a8lob81 alliance fThMKling partntyof E*thsl Th¢ EarthslK)t challen8e is a simple but ambitiryJ5 aDd univer5a] gonl for 2030 thai if xhieved, will rrp8ir the Pl￿et before irreVe￿b]ed￿n1¥¢Oe￿￿* Develop￿ in wKth Irading envlronme￿tXperts 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 y￿thiS decade. HRH Prill￿ William adistinguislxd ￿$z¢ COW￿11 will award £1 million Earthshot Priz¢5 to rive wiju￿r5. one perEarthskn A ofgrwt in Decemi%r2022. Atytal of £lm w45 disbun¢d in th¢ y¢Ar. Science (M*•eheller) ALPS multi-ye¥ &Jnation wa% in Sup1￿ of the re1vjv*i￿ of thr ScicTKe Museum, Ex)th for th¢ Pow¢r Hall. Andrew Law Gall¢ry and an educatioll pro8Trm. The PoThrr Hail oFne4J io 0¢￿ber 2025 is based in the original 1855 shipping shed ftir LiV¢￿Oi Road Staiion. the wwlrfs fwa pUTro$¢-I￿1Il 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 H￿rkIng 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 8￿ted to The [x)￿Y its pumarMt immersive ¢¥periettt, LOWRY 360. in collaboration with Barcelona'5 Immersive sh￿10, JAyv5 of Reality, visitors are surrounded by a creative exph)raiioffj iti supefrhigh resolution. of a ￿l￿ting ttlebroles the ￿¢11£￿¢￿( anticipatiOD. aDd ritiM] of going to a foothall match on a Saturday aftern(￿. From fxtory wh￿tIeS 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"Years￿dY *A%sessin8the Imp￿1 of its s¢tvi¢¢s on the wknle sclM>ol. The intent is kn to provide evidentt of Iv)w Place2￿5 irrt¢rvttition ¢m b¢n¢fit pupils pwits. and fer*hers through providing d*a drivEn Evidence. Place2Be tar8ets Pr1rn￿ sch(•)lsaerosstheenlirt Sa]ford tre#. Theadditithml Sup￿ a￿￿ellts 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 d￿b￿Sed 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 MNeSti￿At outlL¥>k. ThEy agTEed the asset allocation for the perityj ahcad and invc5ted thc rceeivcd thnation &ross ex1￿1￿¥ public tharket holdll￿ The w¥rtfolio wa5 currently ba1￿ced and appropri*¢ for the period *a Taking the year overall pufmance of the inve5trd w&$ ri￿ 9.5￿ Thc with th¢ ARC Balanced ¢J￿rIty b¢ThthM￿k of £iff• 3.4 C&th held in hitsryieldmw mew m*ket FINANCIAL REVIEW FiMnei*l 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(m*ions [K¢iv￿ from Andrew Law. a No thntlions have b¢¢A SWT¢ed fmm g¢ll￿1 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 In￿t at a level •J wovi& 5uffi¢iell¢ fim&% to cover mana8emenL thinistration and support costs knd the PTowd grani Tn*kiti8 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 • dclicabk law). Under thaThty lawthE tru￿¢¢5 mu# n0t*PFWD￿thE 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 exp￿dIt￿r￿￿}f the dwity forthat In preprytb)5e fin•nciul 5tst¢meDts, tbe trLL*es 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 St￿d1[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 r￿L￿d5 whith dis¢1￿ with reafonable accurncy at any time the financial ￿SItion of the charity and kn Cn￿lf enswr that the fJnaThctal statements comply with the Charities A¢t2011 andTheCbarity lA¢¢0￿?￿dR¢PQrts)R¢gUJatIons 2008. They are also res￿nSibkfDrs8fe8llardln8 the assets of the charity and hence fortsking Te￿nable steps forthc pevthtion and dek¢tion of and other irregularities. Th¢ In￿tee5 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 f￿ancial statements of AL Philanthr(yie5 {the'clwtirf) fi)T the year cnd¢d 31st M￿h 2025 whith mpris¢ the St3t¢rn¢nt of FiaaDcial Activilie4 the Baiantt Shert the C&sh Flow Stat￿n¢￿ and n(rtes to the financial $￿eMents. including 4 summ•Jy of significant ¥owniitig policies. Th¢ f￿a￿la[ repLKting framuwrk tha¢ has beeh applied in the￿ prepatatM)n is appli¢abk law and UAi*d Ki￿d0￿ A¢¢ountin8 Standuds (Uttiied Kingdom Genernlly Accerrted Accounting Practice). In ow opinion the rUw￿la1 St4¢m￿ 8iV¢ 8 tnx and fair vi¢w of the 5t* of the ch¥ity¥ *ffaits &% It 31st M•r¢h 2025 of its irwming resources and application of resour¢es. for th¢year ¢ha) ¢nd¢d: . have bten tKoperly prep￿ in accordance with UDited Kin8&)rn Generally Accqrted Acto￿tittg P￿￿1¢¢. and have been prepareA in XLwdance with the requirementsof th¢ awities A¢¢ 2011. B*sli for •pthloth W¢ wndu¢ted OUT w¥qit in •¢wrdArtt with Standards sjll AwlIti￿ IUKI (ISAS (UK)) ￿ •pplicable law. Ckn reS￿￿1b11]tles ulldcr those s¢knd¥ds ¥e fu]ther des¢ribe4 in the Atyjiws. I￿p)nSIbIlItieS for the audit of the ruhaThGiil S￿¢￿ents srftion of Olf ryort. We 8re indewdentof the chafity in accordance with the ethical r4uirem¢nts that are relevant to our audit of the fmancial staternents in the UK. inGSuding the FRCS Ethi¢al Standard, and we have fvlfilld our other ethicaj re5￿￿51b￿litses in KCOrd￿ with rqulrrm￿ts. W¢ b¢lieve that the audit evidcncc w¢ have obtsitted is suff￿1¢￿1 and approwiale to prowth a b•sis for ouropiniw. CondwioDS rel•tin% to c•llt In auditing the fthan¢ia] swements, we have cont￿ that the tr￿lee5. ofthe 80in$con¢em basis of acco￿ting in Based OA the work we have pttform¢¢ we hw¢ r#X kl¢ntified my m*uial uncertaintses re￿1￿8 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 fDw*ial i55ue. Our r¢5EKJnsibiliti¢s and the teswJDsibilitits of the knJ5*e5 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¢4*Mibility 1$ ￿ Te•J th¢ rAh¢r infOrn￿tiOn and. in doing so, Wnsid￿ wheth¢t the other ittf0m￿lI0o 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 f*t. Wt lthve rtothy￿ to report in this r¢8ard. M*tten OD wbkh we are Tequlred io T4￿rt by exe¢ptw• We have nothing ￿ rep￿rt 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 InfOrn￿tiOD 8iveD in the trus*es 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 expl*￿tIl￿ we re4uhfE foEour w￿11. P48¢ 7 RT F TIIK INDEP ND RE¥p*$ibilibes •f tr•stoes A5 explained more fully in the Statement of Tru5t¢es' ReSt￿n$1b11ll1¢$, the trysl¢es le4￿￿31b1t for the preparation of th¢ fin*hcial stateM￿tsWhIthBiYt atrwe fairvi¢w. aTKI forsy¢h iNt¢rnal asthetrusteesdetenniDe i$nec¢ssary to enable th¢ pr¢pw*iw of fiDaxi81 stat¢ments are free from matuial rni55tsknenL to fraud or ertor. In prepzing the rMan¢i￿ th¢ ITr￿1¢¢$ T*¢ resp)n￿ble for as5¢5sry th¢ thwity's ability to contilluc 45 a going roncern, di￿1￿51n& &8 applicable, matlers relatedkn Boin8c￿￿EMSTha using thegoiThgwn¢ern knisor￿¢o￿1tin8 unl¢Js the ¢ith¢r intend to liwidate the charity or lo cease opuation& or have no rtaii$tic alternative but to do so. Ovr reJponsW¢s for tkn •tytht •ftht fw*¥i•l We have been appointcd as a￿lI10rS under Sedion 144 of the Clwities A¢t 20114hd report in aC&)rd￿ with the Act mi55tstem¢nt. wlth thie to error. and ￿ issue In auditorfs ffp)rt that includes our opinion. Reasonable as$uran¢e 1$ a high l¢v¢l of as5uran¢e, is Th)t a 8uThiee that an cOnd￿ted 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 ye￿nably be expec￿4 trj iDtlucnce thc economic decisiotss of Irrc8ularititt. in¢ludin8 of I￿•¢0￿1p11ance with laws and regulations. We design pro¢tdur¢s in line with our r¢sponsibiliii¢s,outlind abo￿ to d¢t¢¢t mat¢riJlmis*Rtem¢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: Bec￿5¢ of the inher￿1 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 51*me￿ or no￿(￿p]i￿n¢t with regulation. Thts risk increase5 the moff¢ that compliance with a law or regulation is fmm the events ts*)S￿l0￿$ T¢fl¢¢t¢d in the finaThcial 5taterneDts. 85 we will ￿ I￿5 likely ￿ bwome •war¢ of ti￿￿tiCes 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 Ch￿1￿ 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 regul*ion5 by using •ppropri*ely qualified As part ofour plannin8 pmce&s we assessed susceptibility ofthc charity's [￿￿¢]8] s￿meThts ￿ 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 w￿l10f the fJtsaNial $t4tem¢nts is located on thc Fin￿¢117 Reportin8 Council'5 website at hiipSJ/wThw.fr¢.or&u￿1ibr4ry1sIo￿d￿th-¢0dCS-PolIcYJavdI1-1s￿an¢e-Ind Adjwttbettts for. D¢preciation char8¢S Gain on inve51ments Inter￿t receivEd Divsdetsd$ 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 c*sh 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 Clwit*lt FO￿￿tim is a dwrty ttgistered in England and Wales. The chuity's rryist¢ted number and regis*r¢d SAldw ¢an be fO￿d 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 Re￿blIC of Ire]Ènd' alld the Charitie5 A¢¢ 2011. The swem¢nts hav¢ b¢¢n wep￿1 histori¢ai cost ¢onYention. with the exreptionof invtstsnents which are hnchmkd x rnarket value. ￿ mOdif￿d 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 I￿1 Republi¢ of Ir¢laTrd ￿RsIO2) issued in October 2019 rather than the AccountiD8 and Rep￿tIng by Th•ritieK" Statement ofR¢¢4)mm¢nded Pr￿ ¢ff¢aive fro 1st A￿1 2005 which sincc bern withdr The In￿¢￿5 consNl¢r thjt th¢re ¥e ￿ rn*rial unCer￿leS 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 the8ftKJ￿t 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¢co￿lted 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 h￿ding$ 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 ex￿di1Ur T*n8lble 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 th￿lI￿le ￿1ville￿ All funds held by the c*arity are unrestricted s￿￿11 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 ExCh￿Se 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 ba1￿Ce 8nd are Dot ablc to be split out s¢parnt¢ly in the aCco￿ts. A]th IAW reimlxr5ed the fees Charg￿ by As8ociAtes LLP in th¢ y¢ar ¢0 rjffset any Person￿ benefrt. CHAR￿ABLE 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 pay*le to 1n#itirtio￿ ITh thep￿1￿j 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 T*vi5tL*k Youth Footh￿1 Club Th¢ Centy¢ for So¢i*l Justi¢¢ Poltcy Exchan8e Game & Wildlife conserv*1￿ Tn Manchester City in the Commuoity Royal Shakespeare CompaDy SOthcrb￿s InstiDJ* (CuitrJr#] k8d¢ts The Sava8¢ Foundatio￿Alder 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$in8ton Devo￿lIe In￿ltirte The SuttOD Tn forPublic Poli¢y Res¢1￿￿ Serpeniitte Tn￿1 TwinniAK project Finito Educatioth Limitrd Int¢grn Group Adviwts 87A811 sojoo 30.•00 268110 16h68 To￿1 gmts ty organimiion$ Grnnts p•yabl¢ ￿ Indiv￿1$ 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. rem￿C￿li0 634• 2N24 059 2J4(* 9J75 Corssylt Le0￿ ftes 19 TRUSTEES. REMUT4ERATION AND BENEFITS Notrustee receiv￿anyT¢MUn¢l*lonCXCtpt¢o￿s￿lI*j￿Y fees of£tiil (2024. £9?75)¢h￿SCd by Ro8er S3dewsky {trust¢¢) fora variety of incl￿1￿8d*dil18ttte8Trd monitorin8of fundcd propwnrnes. Trnst￿, ¢xpevJ There were no tswteeg expe￿e5 pmd for the year ended 31stM*reh 2025 nor for the year ende41 31st Matth2024. Pa8e 17 ¢ontsnued... AL PHILA￿H opi THE FINAN E YEAR ENDED 31sr MARCH 2025 ID. STAFFCOSTS 11. TANGIBLE FIXED ASSETS off￿¢ tquipmeA¢ Compu equipment Tot*l$ 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 a￿d 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 Comp*r&tivu f•r mMweme*t 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 CU￿ntyear there IJ a o)ntingent li•bility present f0r&grnntaw•r￿ trith¢ Kukni totslling £237.021. The m is EQnting￿rt 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 FA￿10￿ 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 Tr4￿1 esthblithed the IAmis (a Multi Ae&lemy Tn￿) prnvide sponsoTship fimding ￿ s¢Trthls and ¢du¢*iOrolwogrx￿ illthe F4anthe5teraT¢& Th¢tAw Family Education41 Tn￿t is wtrjolly by AL Philanthropies. Mr A E Law is the Chairm￿ Ind Ghicf ¢K￿lI￿ officer of Caxton A￿lc1SteS. 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 b￿￿eepIng 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&)n*iott fnxn A tAW is * reirnbur5enK￿ of a¢4umuhtive costs tots]ling £125 J55 in rupea of ¢stsbli5hM￿I ¢xpen5¢5. continued... NOTES TO THE FINANCIAL ￿ATEME FOR THE YEAR EN 18. RELATED PARTY DlSCLOSURES-¢•tst￿Wd trA E Law was a IK)ard m¢mberofTh¢ Sutton Tn*whk* 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 i￿11¢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