Charity registration number 1142898 (England and we•l THE ALEXANDER MOSLEY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE ALEXANDER MOSLEY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustre• MrsEMo Mr H Mortwner Mrs F Berard Charity Nmber 1142898 Prlncipl •ddrnss 20 Cutsitcrf Street London EC4A 1LT Ador Shaw G>bs (A) knmited 2S St. Thomas Streel HpshIre S023 Bankorn C. Howe & Co. EC4P 4DQ Sollcjtors 20 CLnit4x Streel EC4A I LT Investm•nt advlsora Citadel SA Av. de Chwrpel 7&77 CP 386 1211 Genève 12 Switzertand Investment manago E¢nond de Rothschild ISui5se) SA. 18 rue de He$se 1204Ge
THE ALEXANDER MOSLEY CHARITABLE TRUST CONTEKrs Page Trusle&s' report St8lement of Twstees. responilrt$ lThY¢p•ndent atKlitrfs rekmjrt 8-10 Slakmenl offinanria adivths 11 BalarKe sheet 12 Statement of sh l¢ys 13 Notes lo the finanoal statements 14-24
THE ALEXANDER MOSLEY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual reF¥M #nd fffjaThial for Ihe yew wKJed 5Pwl 2025. The finanoal ststomertts hav• been wepwed in wdance the ac{(n11n9 pofic48s sel out in note 1 to the financial slalernenl$ artd ¢onwly with Ihe ChWit9 Tnjst Deed. the Charities Ac 2011 and -Ao))untmg 8nd Reporting by Charilies.. ststgffnt of ReoJThwnended Pr applicable lo dbarilies preparfng their acwffil$ in accordance with the Fan041 Reting Starvjard •ppkaL49 in Ihe UK and Repthic of Ireland IFRS 102)" {effeclive 1 Januw 20191. Obl•ctlv• and a¢tl¥ltl•• The )leGS of the Charity are to pro¥ide funds fty gerw dwiitsble wse$ as the Twstees shall from t¥n8 to time IhÉnk fil. stralea$ lOr8¢hvIng 8ims and obi6cfives In furtherance ofthe obje(as Ihe Trustees may . lo make grants or k)ans to any pe¥scm. thanty aSso¢lalK. compary. lo¢ 8UthrJity. adminislratlve or govemmental agarw public body as may be for or iowards charilablo purK4)ses in (w¥nenle(I with or cah%lated to frJther Ihe ot4erts; lo procure, mjblish distritJte or lo make grants lowds ¢0 of others prouJriNJ, publishing or distribuliig matèiial in any fomi indud¥ig books. pampNets. repts. joumals. fi1rn5 tapes. or prwfflme$ that may be deerned desirable for the promolion of the obie¢ls of the Chmi or for the infoath0n of contribulors and other5 of the needs wogress of Ihe Ch&ity. . lo ¢xganise or make gr8nls l(y¥ds cost of others (¥garN5rvJ rn9$. lectwes. conferences, broadcasls or ojurses ol instructkin," . lo tmmte or carry out re5earth', . lo acc8pI any gifts. endowments. W beffjts. d8%ises. subsrytKirffj. warts, ants ty c¢nlfft)ullon$ or any other kind of money. propkn, lights or priwlages of any kind including contrilMJt)ns subject lo Spea Iwst8 or coThJitions so that such c11nbu shau be hgld appled according to trusts or ¢onditKin$ on vhi¢h they were transfwre(L The Trustees have tsjrrentty ele¢ted to conliwe lo ftiri Ihw respon5tAths with ardS to achi8viThJ th8 aims and o'ects by Undertak1 grant making athils. TM Ch¥ity$ W makwry 1$ pro4ryded ral. The Trte¢S measwe the sucrEs3 of the ChwAy by fethng Ihe ofth8 grants wov#Jed. In the year erM1ed 5 April 2W2S grants totalh'ng £5.7239 h•Nt provided to UK registered chwibes. in line the Charflls grant m&king piCy. and ihe Tn1 we Lrthing dr31 lo make in futwe years. The Trustees have referred to the Chity ComrThssxm's ¢)n pthli¢ benefft when revivwnlg the Charivs aims and objeclivès and solting tho grt makng Fthy, wxl consitjor Ihat the Charitys acltvitses are for the benefit of the publi¢ gèn8ralty-
THE ALEXANDER MOSLEY CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Grant maklroiwtscy The Charity has èstablished its grant making lo aCli its objects for ihe pubjic benefft. The Trustees Ifirm that th$y have vJmrAied wlh the duty in Section 17 of the Charitses Act 2011 aThJ have refened to the Charity commissi.5 general guidanrA on public benefrt when rewewing the Charttls airns and objectives and in plaming ftrture adi¥Aies and $eltin9 the gwl mabng wAcy fr)r the year. The Tiustegs. Gurr8nt grant makmw pcthcy. orKI 8ssessm wocesses we as fithws: Prln¢lpl•¥ In awarding grant5. the Trusteesryll aptty the fokniNJ 1.1 ApFAicatKJns from UK ragist8red thiis be cA>nf4dered in wity 10 4F4icalions from urTrgisleTed tharilies. 12 All applicattons from wevious rewients of grants or from prewousty unsuccessful applicants will be Condered by the Tru$tees on th&ir ovm merils. AIIIW the Trustees will have regard to the outcome of the pre¥ious gr1. new aprati5 wl receive Yelelia1 or alhSe UXJeraI10n. 1.3 The Charity 11 not nomally suprmyt ¥pt¢aticrfts from large national dritieS i.e. those 7Mth annual come ) exce55 of £10 milh.on cf wth >£1(KJ assets LY chartti8s deemed by th8 Trustees to b8 already well.funded within the UK. Ex¢lu#lons The Twstees will not nomlty approve the use of the Chanty's fun(ts lor purposes for vthich the UK Government has a statulory rasponsibilhty ta prtide. As•e$¥m•nt prvcev4 3.1 All grant awli(xt)ns will be subied ¢0 jaI assgssmgnt lo enswo Ihoy meet thg basic criteria for funding. Grants be consJered by Ihe Trustee$ * each meetw)g of Ihe Board of Trustees. Twslees will aim to write to SUCLessful applicanls infornNng them ol Ihe outcome of their apph'cati(y) for funding wlhin two months of Ihe dale ol tha applieatkM. For admYAstrati¥e r&tson$. the Tmstees wil only re¥)ond lo apph'cats"ons which are succèssful. 3.2 Appliwts shoLld note thal. a5 wilh mwhy olher chwitable tru51s, the Charity Oft receives far more applicati¢)ns than it has funds to SUPPCrt The Chwity may therefore be unable lo prowde a grant lo every appliwl. 3.3 The Tmslees wil not b• oblyd lo pro¥ide exnation to an appInI should the applicathon btr unsucessfiJl. Achievements and performanc• Slgnificant a¢ÉMlies and achievemonls agafftst 04cbws The Trust8as awarded grants lolalling £5.%7.239 (2024 - £2.831.) during Ihe year accordance with ihe Charitls uvanl rnaking pothcy. A detailed 1st ofal grants mad• in th• are detailed in Th)t• 7 to the aCcOt$. FundTai&ng praclices As is approprle lor a grant-making charity. the Trustees have not gener• invite(J donalions frcn Ihird parties, and rt is their polw lo review dOnatiLs from potentol rw $upp)rters on a bespoke basis lo ensure Compliance with all legal regulations and obkgatss. The Truslee$' gene intention is lo make grants using the income generaled by the OUnt bequealhed to the Charity and by the Charity's exi5thng irweslments. but kn rèse the ryht to mak8 uyants from the Charty's ¢apit¥l. The Tru51ees do not intend to undertako addiiwal Iwth$iig a¢tiwty at this time.
THE ALEXANDER MOSLEY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Flnanclal rnvlew Total reselves héld at Y)e end of the year eTrJed SW 2025 amwn18d to £146.929.5S412Lr24. £157,499,040). Resutts ¢he year A 8ummw ol this ye8fs results be fwnd on page 11 otttws rewl and &>XAmts. DuTlThJ the year endgd S April 2025, Ihe Chity was nolified of interim begacy th"51ribulions of £nil 12024 - £41.520,7291. A Tebale of £76.376 (2024- £779.051) be¢8me for lax on 1me from the residuary eslale. with repayment interest falthng due of £37.763. Invesimenl for th year amounled to £5.713.883 (2024- £4.651.952). The siwrfjcant to Ihe inveslment pjrtfolo (thje to the legaol recep1 is Ikety to hvÈase from uNestments in fulwe yea. The Trustees awanled grants lo instittrticTh totalling £5.7.239 P024- £2.831.850}. Inwtstmenl managers costs ol £475,388 12024 - t325.71, grail administratKJn c4Xts of £34.9 (2024 - £89.297). govemance rAlSts of £6. 12024- £8.357) and fice costs of £19,449 (2024 - £13.4981 the ioial expwdlure to £6.504.00512024- £3.268.l2>. There were inve$tm¢nt and gains and )88es durry lh• yw generating an overall loss of £9.893.503 12024- £12,144.985 gain). This resdted in a n•t daLYease durwwj the year of £10.569.486 24- £55.827.815 inixeasel li the funds of th& Chartty. Resems poky The Charily's reseNe$ ar• in in¥estm8nls and cash and arise from the SUfF4u$ of donations over expenditure granls. They are unreslri¢led fr avallaNe to any of the Clwilys acliwts•s and expenses in furtherance of ils purpjses. The Trustees reColse the need lo hokj sufficient wWestr•d reseThw to ensure Ihg Charity's actmties ar¢ protecied in the e¥eM of inm stbyNall and aconom downlums. The Tw51eeB have sel a tsrgel for free unrestricied reser¥es on a risk baws to provdE •Jainst unforeseen decrease In the Chanvs investm•nt p110 or failu lo ¥eve suifKiert dcffjthi$ year lo meet wanl.m8king demands. and to yotside sutbientwothng capital. The current re5eNe5 polcy is lo maintain reserves at a level that *ryl at least kn years, ordinary expendilure and grants within the Charity's obierts. Thi$ policy is ojrenty under mryew due to fv 5ub5twrfi•l funding recei%d from interim legxy distiibutions Ing the yw.
THE ALEXANDER MOSLEY CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 InvestnPo1cY In4ine wrfh their agreed investment p)li¢y. the Truslees retained wNestment athsOr5 (Ciladel) lo whom the management oflhe Charity's fvThJs has been dekgated. The Charity had an investment as at S Apn'l 2025 vith a mathel of £149.013,452 {2024 - £151.824,0461. Total inveslment inojmo receN•d in thè year anbxjntsd 10 £5.713.883 (2024- £4.651,9521. thich equates to a yield of 3.77% (based on investmants and cash hèld at the year end). A significant proportion of inveslmenls were acquired mithHay through Ihe year and wKorro receTrved during the year lo S April 2025 may not represent the total income receNable in lulure years on the pr&senl An investmanl poky has been determwd by Tru51eos as folm: Inve¥tm•nt Obl•ctiv•s The Chity seeks lo produce t$t fwwKi rbJm within ¥8[ of rtsk. Ca[al preseivation is ol importance. The Trustees ackncledge Iher duty under the Trustee Act 2000 to dNersify investments and aco)rdingty ihe Tmslees. investmenl objecbve 1$ for capital grthvlh in excess of inllation IRPII and a Stae. growing income stream. Thé Tnjslees a preped lo Mew the investmenl exeruse holisttcaly. Prowded the value of tho caprtal 1$ présèNed from erosion by innation, the Trustees a prepared lo distribute both the InMe retum part of any c¥•ital appreciat)n furthewt of Ihe oects of the Ch81ity. Rbk 2.1 Extreme capital volatlity cannot be Ictraled and assets ShAd be invested lo minimr6e risk and lo mitigate long-lern inifation risk. Capital and irtc¢)me vcl8t'ty can be tolerated rf consistent wilh expeciations. 2.2 A suitable proportion of th? Chartys assets slMyJld be held in cash or near-cash inYeslm8nts denominated in sterfing lo alow high l•auidity m ordw to seThice orvjoing requests lor granis. The remainder of the Charivs assets should be diversffied IhrW invaslmènt in sueh manner a$ the Trustees dece. 2.3 charit$ Cash balances shoukl be depogted th 81Ul rylh a minirnum rating of A- OT invested in a thvwsrfied money market fund. Deposits shwkl be spread by counleartY. to l¥nit the exposure lo wifialion. 3 Liquldlty Requlr•m•nts The Charity should choose Investment slrwaures wo4vrfle a rea$ble degree of kn4uidty. ideally allowing sgttlement after fow businvss days. Tlm• Horizon The Charity can adopt a lorwJ-temi invwlm•nt horoon. Maiorrisks The Trustees are responsiljle for the m89eMent of Ihe risks faced by the Charity. The key risks faced by thè Ch8rity. identified trsf the Tnw a desuthd befw tog?r 7Aryth the princrjal ways in whi¢h 1hey are miligaled. . The Charivs assels ¥e investmgrts and ¢ash. the Investts beg gubiect to Slodl market thjduations. The Charity carrS oul its o*'ective5 by woNiding granis to insiiiutions that ar8 a150 UK-r8gisterod charities, whose objects coryty wilh the Chariiys uiteria. There is a risk Ihal a grant pro¥Trded by 1h¢ Charity may not réach the inlended rec andlor may be used for purposes nSistenI wrfh fv Charily's objects. ilsl Ihe Trv31ee5 are mindlul ol ther (rmn obh"gatx)n lo ensure that the Charity benefds the wblic generalty. they lake some assurarth from Ihe fact that iec4xents of ty8nt8 are themsefves regulated lo ensure Ihal they operate for the pubb¢ benefiL
THE ALEXANDER MOSLEY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Phn¥ for fuiur• porlods The Truslees are aware that Ihe R05iduary Ést8 of both Max Moy and je Mosley aceru• to tho Chaiity foll¢)wing the end of the adtThnistr3lion of interim distributK)ns of£25.7W.000 have been recerled lol(wmg lh8 y8aT end. F¥Jrther distribuon$ be reCeId on complelion of the ¥dministrion of the estates. howeNprthe anCe T81¥able cannot (refty be •stimated. The distributK)ns have caused s•3ruficant incfeases to the knids of the Chity and the Tru51ee5 are currenty reviewing the aims and objects"¥es of the Chty to d)de how tsi to distthrte the Tunds going loards. Plans are not yet ffinahsed. however Ihe Twstee$ are mwthl of thw res11blS arg $eeking professional 9uhtsnce as part of Iheir review of Mrent poliues. SIrU¢ governan¢e and m•Ngém¢nl The Charty was estaili5hed by a Ded¥all of Chiith Trust dated 30 2011 is rwistered wlh the Charity CommissJn uThJer chty number 1142898. The ChaiiVs wvemiThJ instrument 1$ its TnJ5t Deed which allows f any adivities o)vered by the Chwlfs obJ"•ct1, wih no SpC restrhM$. Tw81ees who s•Md during the yew ar up to the de ofnalure of fin181 st¥teNnts wore: Mrs E IAosley Mr H Mortimer Mrs F Beraid R•omitrnonl and appnInrt of Iruslg9$ Following 1he dealh ol Max Rufus Mosky the ol apWM1¥ Twslees vests in thè (AllIng TnJ8tees. There Shall be al least thr•e Tru$t¢os. In appoinling a new Trustee the Trustees lake into account the beneffts of appointing a porsc who is able by virtue of his or her personal or [feSn91 quaffifications to make a conlributM)n to th¥ wrsuil of the objects or management of ihe Charity. No person shall be appoinied as a Tnlee untess they ha4E alAawvl the age of 18. No person shal be onlitlad lo a¢t as a Trustéè untl aft8r siwing the deed of appintment ty a dedarnlh)n of a(XX[A and wlllnwS to art Ihe best interes15 of tho Chariiy in the mir¥Jle book of Ihe Trust. OrgAnisalional stnK The management of the Charity is thg rgswnyblty of the TThteeS ¥e eted cHptsd der the temis oftha Trus1 Oeed. The Tntee6 meet al leasl twKe a yw to diU5S arml impknnl policy. The Truste¢$ ccrfwise the key management pers of the Charity n charge of d¥ectirwJ and controlling. wnning and ¢)peratin9 the TTUSt on a day to day ba$. As dètalèd witkn the Investmenl PrcY the managemènt ol the Charfty's inveslmeni pNrfolio has been ddegaled to Cita¢Jd. lThYu¢tth 8nd trnining oltrusleg$ Professional adwce is awailable to Twstees from the Trystges, sc4iiitors I train1 purposes regarding the dulles of a Trustee. In addon Trustees are lo tho guidatKe provided by the Ch¥rity Commissim ragarding thèir respobIlItieS. AII TNslee$ give thelr tTh• freely and no TN51ees recei1 Ihe year. RelalK7nship %wth Tr18t8dpafvs The Trustees are aw¥e ol their fespons1bdies regwdwvj related p$ ¢onlkt$ of inte$1. Oetails of any related party ¥r• disdosed in Thjte 23 to the arxow
THE ALEXANDER MOSLEY CHARrrABLE TRUST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Th8 Trustees, report was approved by the 8oard ol Tntstees. Mrs E Mosley Chalrman 29 January 2028
THE ALEXANDER MOSLEY CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED S APRIL 2025 The Trustegs are responsible lor preparfng Ihe Trustees. ReF(rfl and the finan¢lal slatements in ard9n¢ts wNh applicable law and United Thj0M Aeojuntirg S&ind¥ts (Lhited n9th)m Generalty Accepted Accounl PrlICe1. The18w applicablg to Chae5 in England and Ws wuires the Ttee8 to prep•re financial $talements for each ffinar1 yeaf vthich gtrve a true and faK view of the ststa of affars of the Charity aThl of in¢oming resourcey an appliration of resources ofthe Charity for that year. In preparing Ihese financial stat•mants. Ihe Ttee5 are Tequyed lo: . seleci suitable ac£owting and then ap them 08181. . observe thè melhods and in the Chaithes SORP. - make judgements and est¥nales Ihat are reasonable pnthl: . Stale whelhgr appficable accounling standards ha% been foMed. to any mal?iial dep¥iures discJs8d and eXpine{l in the finanaal s&itements,' . prepare the fwnekn11 st8tam8nls on the go1 ryxKem basis unless il is wwwowate to presume that Ihe Charity will conlwiue in opw•lh)n. The Trustees are reswnsible for keewng suffic1 nIvj recgxds Ihat dis(se with reasonable a(xuracy at any 1Sme the financial p)sith)n ol thè Charity and enable Ihem lo enswe that the finawal ststements compty wilh the Chaiitses Act 2011, the Charity (AccJnts R8POrts) Regulalions 2CQ8 and the prw$ions of the Trust Deed. They are also responsible for 5afeguarth.ng the as1$ of the Chaiity aTrJ hen¢* laWrwJ reasonat48 staps for the prevention and detection of fraud and other irwularilies.
THE ALEXANDER MOSLEY CHARrrABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ALEXANDER MOSLEY CHARITABLE TRUST Opinion We have auth.led the fmancAal statements of The Aknnder M051ey charitab Tru51 {Ihe 'ChariW) for the year endpd S April 2025 whith comprise Ihe statement of ffinarK4 aclivit•es, the balance sheel. Ihe statement of ¢a$h tk)ws and notes lo thg financial statèménts, FrKknling signifKwrt accounting policies. The financ reporting framewo that has been applied in Ilir kyeparation is applicable law and United Kingdom Accounting Standards, induding Finanoal Reporting Standard 102 The linaal Reportmw Slandard applicable in the UK and Ropublic of IrBtsnd ILknited Kingdom GenWlyACCeptedAcCthJniiw PraclKe}. In our opirion. the finan¢k81 ststemenls: bive a true faw wew of the State of the Ch15 affaKs as at S Aprd 2025 aryj of its rnIng resources and appl¢atN)n of SOurCes. for Ihe year then eTrled.' have be8n prOrtY pr•pwed kn ac£ANd with iknited Iwom Gengrally Aepted Accounting Practice,. have been prepared in aco)rd•Y wdh the ChwitsAcl 2011. BaBls for opknlon We conducted our audil in a¢¢ordance with Inlematwjnal Standards on Auditing IUKI {ISAs (UK)) and applicable law. Our responsibdiliés und•r those stsNlards we fvrther deSbed in Ihg Au¢filo¢s pspon5rbilifigs for the (1 of the financial stat8m&nts sèclion of our pOrt. We are ¥wJepeThlenl of th¢ Charily in accordance with Ihe ethical requirement$ Ihal aro relevant lo our audit of Ihe financial slalemenls in the UK, including the FRC'S Elhical Standartl. and we have fvifilled ow other ethical responsibilitiès in accordance vrith these requiiernenl$. We believe Ihat the audit eW(len we have obtawied is suffhient and apwopnale lo a baws for our opinion. Conclu¥ions relating to golng eoncom In auditing the finanual statements, we ha that Ihe Tnjslees. use of the going Concern basis of acLounting in the preparation of the finanaal sta1¢w is appropiiate. Based on the w(¥k we hav8 perfomwd. we have not hjentified mateTi wttrtaintios felaling lo ev1$ or c(M)dilions that. indivJuaty or ccw, may ¢ast swJThficarf doubt on the Charity'$ abikty lo o)ntiwe as a gwg ¢on¢em for a peri¢)J of atlgast twelve months from when the fmancial statements are authorfsed for Is$. Our responsitilrfies and iesponsljilrtw of Trust$ wilh iospecl lo gomw eon¢em are dèscrljed in the r•levanl sections olthis report. Other Infornution The olher ir)formabon conwrises the inf(m•l)n in the amual rep)rt other than the ffinanoal Stste1s a1 our auditorfs report there. The Tnjstees ar8 resp(tle for tr other infomiation contsined within the annual report. Our opini(m on the finanual stalements doès not ¢o¥er other infomats'on and we do not express any form of assur8n¢e ndUs1On thereon. Our rpOnsibIl is to r8ad thè othw i)fomtK)n and. n dory so. consider wh8ther Ihe Olher infwnation is malerialty incOnStent with the finanual sl#temerrts or w edge oblairHI in the cywrse of the audit. or olhemse appeals to be matgwially misstated. If we hlentfy such material inconsistencies or appacenl material misstatèments. we are rewired lo determine *hethei IS gives rise to a material misslalement in ihe financial statements themselves. If. based on the work we havè perfomied. we eon¢ludè that there is a material nNsstatwnl ofthis Olher Infom. we rew lo rewl thal We have nong to report in this 98rd.
THE ALEXANDER MOSLEY CHARrrABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ALEXANDER MOSLEY CHARITABLE TRUST Matt•rs on whkh we •re r•qUIr to r•port ty exception IA have nothing lo r9PQrt in respe¢a ol the fd1thng matt•fS in relalion to whKh the Charities (A¢>xts and Reports) Re9011n8 2008 reqwe us to rewtlo you rf. in owop¥iion'. the Informat gvml Mi the finarnial stat•n8nls is inconsi5tenl wi miial re4>ect wllh the Trusta•s' report.. or the Charity has not kept adewale records: c the fmancial stslements are not in agreemenl wilh thè act•11ng r•o)rds relum& or R•5pon•lblNtle• of Tnot• As explained more fully in the statement of Trus¢ees' re$F11es. the Tntstees ar• rèsponsible for the preparation of thè financial slatefflenls for being salisfied that gi¥0 a true and fair vi8w, and ts suth intemal ts)nlrol 0$ the TN5te8s deternine is ne¢e$sy lo enJle the weparat)n of finanaal stslements Ihal are free trom mateiial $StateMen1. whether to (rn1 ty effix. In pparing the finan¢ial $tstem•nls. the Truslees we iesponsit4e ts assessry the Chwity's ability to eontinuè as a going concern. dix40sing, as applicabl8. matters related lo g(w wicem and using the going concem basis of a)UntIng unless the Trustees either wttgnd to wse opernti(ms. or have M 91$110 altematwe but to do so. Auditoe• mponlblllll•s lor the audlt oftho fmn¢lal slai•monts We have been aFyoinled as ali1r undar sediM 144 of the Chities Act 2011 and rem in aLrLJrdwKe wilh regubations made undw Sect3n IS4 of IlwtAd. Our objectivÈs aré to obtain reasonable assuran( xxJl whets Ihe finarrial slatements as a whol• are free from malerial mi5StatemeDI. whthf to fraud or elv, 8nd to issu• An auditorfs rewt that indudes wr oplnlM. Rèasonable assurance a hi9h level ol assurance is not a gUat thal an audit conducied in 1rdance wilh ISAS (UK) wll aayS delect a rnateria ftwsstalement vthen Ll $1$. Misstslements can arise from fraud or ermr and are considered matwial rf, inthvmlually or in the aggregate. they L))uld rea$onatty be expected lo influenc Ihe e¢onomic decAsions of users tsken rm basks of these statem. Irregulaiities, induding fraud, arn stanCeS of Th)n-¢ompliance I1h laws and regulations. We design prLedure$ in ne wilh our re3ponsibliti95. Outlingd ale. lo dele( rn8teil misstatknients in respecl of IrregarIties. includw19 fraud. The extent lo whKh pro¢ethJres are c4Ja14e ol deledwb3 irWlare$. iidudin9 fraud. is detailed bek)w. oblained an derStaNn9 ol the logal arKI lea fr ap&able lo the Clwty via discuss)ns wrth the Truslees aThJ our prwous knvAadge of the Charity. Ths Ilified that the mosl signfficant laws and ulations relale to Ihe lorm and Mnlfjnt of Ihe financial statements 5uth ag ihe Charits Acl 2011. the Charits SORP (FRS 102) and FanrAal Reporting Stsndard 102. The Charity ccrfnplies wilh these laws regulati$ by using appropriatdy quakfied profession lo wewe the fiTh4 stalem0. As part of our plann¥)g pro¢e$s. we assessed suscepb"tyk"ty of Ihe Chariils financial statements to material misstatements. including how fraud might ocojr by m&%irrfJ an asses5menl of the key risks. The key risk identffied Mi specl of The Aexander K4oslty Charilaa Trust is reue recogon. The Tru$tees o)nfirmed no arAual, Suspected or alleged cases of Iraud. Basèd on this assessffnI we desiw wocethrns lo address the key risk areas an empha¥ls on le5ting tho inwnlig resourcey. A further des¢riptiiNI ol our responsljlilies is Jvalable Ihe Flancial Reportmg Couthifs webstte #t: hltyJsJl w•M.Ir¢.¢x9.uklauditorsrasponsitslities. Tl¥s description forms pan of our aLhlilorf$ repc¥l.
THE ALEXANDER MOSLEY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ALEXANDER MOSLEY CHARITABLE TRUST Us• of our veport Thi$ report Ss male solety lo the Charty'5 Ttee3. a5 a t, in accordance with pari 4 of the Charities {AccoLmts and Reports) Regulations 2D)8. Our auitht wort has been undortaen so Ihat W8 ffdgm slate to the Charity's Trustees those malters we are required to state to them in auditrfs report and for no other p(WPCS¢. To the lest extent permitted by law. we do not accept ass(me reSnSIf lo yone olher than Charity and the ChariW5 Tru61ees as a bo(ty, for our audit work. rety)rt. orfor the owions we have fornd. CAtsL9 IJJ . IS•nlor Statutory Auditort For and on behf0f Shaw Gibbs (Autht) L¥TthI. StUYAdrt0r Chartered Cerbfied AccoLmtanis 25 Sl. Thomas Slreel n¢hesler Hampshirè S023 9HJ Dalo. .3.o.-. .l.-..20.a Shaw Gibbs (Audil) Limited gh'gitle to xl as an in twms of Secon 1212 of the Companies Ac* 2ti]6. 10-
THE ALEXANDER MOSLEY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThIE YEAR ENDED 5 APRIL 2025 Unro8trlct•d Unr••trlct•d lunds funds 2025 2024 Notr# ome from: Oonations and legac4es Invesiments 114.139 5.713.883 42,299,780 4,651.952 Total In¢om• 5,828,022 46.951.732 Expendlture on: Raising lunds Charitable admbey Olher expenditure 475.3B8 6.009.168 19,449 325,900 2.929.504 13,498 12 Tolal expenditLwe 6.504,(M)s 3.268.9J2 Net gainslllosses} on lives1nIS 13 19.844.793) 12230,861 Net lncome1lexp¢ndr0j (10,520,782) 55.913.691 Other rn¢ognls•d galns and lo•••8: Olhar b)sses 1S 148.7041 185,8761 Net mov•Thnt In funds (10.569,486) $5,827.815 ReconcIllaOn of fund•: Fund balan5 at 6 Apn'l 2024 157.499.040 101,671.225 b•lan¢•8 at 6 Awll 2025 146.929.554 157,499,040 The statement of fmancial a(ai¥it*s al gaffts and losses recogni5ed 4) the year. All ino)me and e>wnditure derive from continuing a¢tiwlies.
THE ALEXANDER MOSLEY CHARITABLE TRUST 8ALANCE SHEET AS AT5APRIL 2025 2026 2024 Fixed assets Inve51menls 16 149.013.452 151,824,046 Current assets Debtors falhng e after one year Debtors falling due within one y Cash at bank and In hand 17 17 2.W.318 2.410.863 2.8CKI.464 9.041.4CKI 4.975.181 12.341.864 Cr•dl¢orn: amounts falling du• vlithin one year (2.8.319) P.981.884) N•t ¢urrnnt assets 2.078,862 9,359.980 Total assats 1•88 eurrnnt Il•billti 151.092.314 161.184.026 credrn: 4mounts falllng due after morè th•n ¢no year (4.162.7PJ)) 13.684.986) Net 4M•ts 146,¥29.554 157.499,040 The lunds of the Charlty UnStriCted fvrHIs 21 146.929.554 157,499.040 146.929.554 157.499,040 The finanrjal statements were apwoved by the Twstees on 29 January 2026 Mrs E Moslay Chalrnian 12-
THE ALEXANDER MOSLEY CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 Cash fro t)p•rntlng actlvlll•s Cash {ab3ofbed byygenerated Imm operation8 (6.573.304) 6,321,303 Investlng a¢tiviti•# Purchase of investments Proceeds from dispos of Thfjsimenls Investment InMe re¢èi¥•d 166.145.408) 60.422.996 5.713,883 161,323.S32) 57,363.C61 4.651.952 N•t cash (used knV90D•rntsd frnm inv•stOng act•viti 18.5291 691,481 N•1 cash umd In IlnanGlng ¢livrti¢s N•t {dre9)fin¢laS• In cash and ¢tsh •qufvalent• 16.581.833) 7.012.784 Cash and cash eqUIvaftts al bw"nn*w ofyear Effad ofkneign exchary rales 9.041.4ty) (48.7041 2,114.492 {85.876) Cash and ca¥h equlvalon¢• at end oly•ar 2.410.863 9.041.400 13-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRIL 2025 A¢¢ounting policies Charity InfomMt5on The Alexander Mosley Charilat4e Twsl i8 a general Charilabl• Tnjst go¥am8d by a Trust Da•d dated 30 IAarch 2011, and 15 a dTty registered in Engld * Wa5 l¢harity tMJmb8r 11428981. 1.1 B•sls of pparaon The financaal statements have been prepared in accordancè wilh thè Chariirfs Trust Dèad, the Charitiès Act 2011, FRS 102"The Financial Repoiting Stand¥d apph"rable in the UK and RepL&)lic of Ireland" fFRS 10r
nd ihe Charilies SORP 'Auntry and Repth1hYJ by Charit.. Ststsmtrnl of Recmmended Practice
appficable to charities prepamg the Counts in a(x(Ydance with Ihe Finawal Reporting SIdard applicable in the UK and Rèpublic of IrelKI (FRS 102)- {effectrR 1 January 2019). The Charity 1$ a Public 8enefrt Entity as de¥d by FRS 102. The fmanoal stateI$ have departed from the Ch¥ils•s (Accowts and Reports) Ragulations 2008 only to the extent iequired to proMde a In and f•r yivw. This d&parturÈ hos involvèd folowing tho Statèmanl of Recommended Pradice for charities apptyin9 FRS 102 ratlr Ilw the version of the Slalemenl of RecommeThJed Praclice is referred to in the Regtstwjns bul whK has since Ln wittidfawn. The financial statements ar8 wèparÈd in 8twkng. wlwth is the Ira1)nal of the Charity. Monelary amounts in these finanoal statements e roWV to It newesi £. The finanaal statements have baen prewed under the historical cosl 0)nVenn unless otheiSe staled in the relevant aeujunting plUeS bekn¥ cff in the noles io the 12 Golng concem The Trustees have assessed whether the use of th¢ gory corwn a$sumption ss appropriate in preparng these accthjnls. The Trustees ha¥e ttws in respwx of a pwb)d of one yr from thg dale of approval ol these 8¢¢ounts. The Trug1ge5 are of the opir4on Ihat the Charity wm hab• sUfficit $0$ to meet its liabilille8 8$ they fall and Iherelore, there are no concems ce9ardin9 thg Ch8riVs Jbilty to conlinve as a going concern. The most significanl areas of jLJgem¢nl Ihal affed rtems in the wxount5 are detaled in Note 2. Wlh regard lo the next accounting period. the year ended 5 April 2026. the most significant areas thal affed the carryiThJ value of Ihe ass8ts held by the Chanty are the le¥tls of inlerest ¥ates in¥estrnent rptums. The Trustees nSider there are no material ulertaIS the Chant$ ablrty to ¢x)ntinue. 1.3 Ch•rFlabk lund• The genefal lund represenls funds a¥te the general tharitablè pUlS of the CharY which may applied at the discretion of the Tvustees. 1A Income Income is recognisad #i th• pÈii¢KJ in the Uwity has entiuenwt to the tho Unt ol income I bg measurnd reliaNy and il is probable thal Ihe 1me TAtyI be re¢ved. Inleresl on funds held on deposit is induded wh8n rn¢&i¥able and the attfftinl can be measured reliabfy by the Charity: thi5 is upon nolifical 01v nlwesl paKJ ry payatAe by the bank. Donations are Cogr#S9 the Charity has been Ilfd in of both thè amouni dtsnaled and thè seltlemenl dale. Legaaes are recognised on rap1 or othew5e rf the Chaw has been notified of an impending di51ribution, the amounl is known. and receipt 15 e>pected. If Ihe Unt is nol known. the legacy is treated as a conlingenl assel. 14-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Ac¢ountlng poll¢los (Contlnued} 1.5 Exp•ndlturn abilities are reeogiwged 88 as as there 18 a or c(Nthclr¥e oblgalion (yjmmitting the Charity lo make a payment lo ? Ihird paty. it is probable that a tran$fw of econom benefits will be requ1 i) settthent and the amount ofthe ¢)"ga.S Can be measuied reb. Al expenditure is anted lor on * acuu81s besi& Exp¥JIt(Tr compTBes dNp(a r3)sts and $uwJort costs. Al expenses, indLKJln9 supm costs. are 81b)¢al ry apportiorrdd to the applicable exwnditLwe headir4Js. The ¢lassific81ion belween Ihe alieS is as folryws: (al Expondiiurg on Taiwrg fUrS al expwthve aSSlated wlh rai5wwJ (wd5 ftythe Charlty. ExpelI1u on chilable aclivrties in(xJes al assc¢ialed furthn9 the charitable pury)oses of the Charity Ihrouth the PTOYiSi¢)n of its ¢hafitable actiwties. Suc CA)Sts cwitable gr)Is payable in promoling and enhanrAng Charlble work caffied out by other rharitabl¢ organisaon3. and related SLWJt Costs 1xn9 CJ)St of admini81erl the Charty and govemance Costs. (bl Grants payatle are ii(Kled kn the W8m8nl ol a¢a14ry apwoved aThJ wthen thé imènded recipient has erfher received the fund$ or bèèn infomied of the deawn lo make the donation and has satisfie(1 all related conditsons. Grants a[rOved t>ut not paid at the end of the and81 year ar accrued for. Grants wherè the b8n8ft1 has nol been inftxmed ha$ to meet certain conditions beth th• grant 1$ All eypeTrknre 1$ slatsfj of VAT. AIIoGatlon of supportand gov•rnanc• a1$ SuFQOrt costs repres8nl indwect charitable e¥peThfrtw¢. In order to cary out the primary purposes of lh8 Ch¥ity rt is n•eAssary to pde support in the fNm of administratKJn seNices. Govemane• ¢o$ls eompriso Ihe $ts inthng Ihè public accounlability of the Ctiaiity [dIng audit ¢Sts) and the costs resped of ils complwnce wrilh regula11c and gC IxaetKe. 1A Flx•d ass•t Inve•tments Fixed wel invèstments we inthded m the bn¢e sheel at lhr market vae at the end of the fin¥n¢ial period. Reised and reaSed gam (or h)s5es) are rjedlted (or debited) to the ststemenl of financi actmlies in the year in whlch tlw wise. sted investments ¥e a form of basic instrwnenl ¥nd we inalY [QgnISed at their tran¢t)n value and sthequanly m•asur&l at Iheir fa value as at the bala sheet date usiNJ the ¢sing quoted mathet piice. R8atised gaTh (or losses) on inVestr assets are Ca{ed as Ihe differentx between Wosal proceods and their opening carrying vae or their purchasè lu il a]uired subsequenl lo the fvst day of the financial year. Unrealised gain5 afbd lo$se$ 8re ¢aklatèd as thè thfferenc8 belween the fair value al the year end and Ihwr carrwng value al that date. Reab"sed unre8lised investment gaw (cf losses) are ¢xedite<l lor debited) in the Stat of nla1 acti?tS n Ihe yew n whi¢h Iliey *ise. 1.7 Ca8h and ush •qulvahnts Cash al bank in hand rgpreswts suth aca)unts Inslnjr that awdilablg on d¢maThJ or have fixed maturity dates. 15-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 A¢countlng policle¥ IContlnu•dl 1.8 Hnan¢l•l Instruments Dgbto Oeblixs afe e0gnised at the settlernent amount. 18ss provision for nOrÈ-rÈcovtra"I[ty. They have been di8ts)unteil lo Ihe present vthe of the ftrtLre cash rKgipt7kne such th's¢x)unlin9 15 material. r•dltorn and prow¥io Creditor5 and prowsions lenISed wher? thwe is an obb3alKffl at the balance sheet date as a result of a past eveni, it is probatAe that a ISfer of ¢CmI¢ beneffl ryll be required in setiternent, and the amount of the seitlement can be estimated relably. clt¢S and prwsions are recogni8ed at Ihe amount the Charity anlicApates li will pay to sèwe the debL TW been thscounted to the present value of the ftrture cash payment Wr8 such distnting is maiwia. DOVatI¥l$ Dorivatis, induding tures. are not bax financial Instru. DwI¥atrV are inilialy recognised al lair valug on the dale a derivalive contract is entered Into K1 ale subsequently re-measured at their lair value. ch9$ in Ihe Ir value of derivatNes are rwised gainsKllosses) foi the ye. Fdge a¢counting 15 not 4)plied by the Charity. Crltical accountlng estlmat•• and Judgw In th• appliealion of the Charivs accountNw p?. Ihe TTUStees are required to make judgements. eslimates and ASSUrnPtions aboui the carrwNJ amount of a15 and Ikibilities Ihal are r1 readily apparent from other sources. The estimales aThJ associated assumption5 are based on St0cal experrence and other facl(Y$ that are considered to be r81want. Aclu resums may (tsffer from these eslimales. Th• esllmales and underfywu assur}$ ¥v mivwed on an onwng basis. RevisJns to a(untIng estimales are recognised in Ihe period in which the estimale is revised where Ihe revision affects only Ihal period. or in the wtcJ of th8 revisiw 8nd luiure where the rewsion affetas bolh rIen1 and tuluie pericJs. The Twslees con%der Ihat there are uilica estimjtes or judgements. other than as detailèd. thal reqre dithure. Cwitlcal Judgemth• Liablllty for mUttyO¥r grant Gommltmmts In Ihe year en¢Jed 5 April 2022. the Charity maisè a ILthg rAillN7ylnnl 01 £7.000,000 lo the Independent Press Re9ulalLon Trusl IIPRT), with payments made tWK yearfy ow a period of 7 years. The Truslees consider the time vabJe ol money to be materi and that a discount rale of 0.65% is appropriate. based on an average of Ihe rates ol interest payabk on the Chanly'$ depo$bt arKounts * th$ dalo Ihe commrtment was made. The presenl ¥ae of the comn¥bm¢nt al fv dale of award was £6.855.805. arKI Ihe tolJ financg (yJst of £144.195 is being Unwrd to tr Ststement of FUjanrA Acliwlies over the length of the In the year to 5 April 2025. a finarKe charge of £19.449 has been recognised wilhin the SOFA. At the year- end. the presenl value ofthe ¢omnNtmert iyJtstanthn9 was £3.184.986. Furth8r detals given in note 20. No discounting has been calculated on th¢ mmMents made in Ihe year to 5 Ap 2025. a5 the time value of mi)nèy is considered to be immaterial in resped of these 0)ffrtmentS. 16-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 5 APRIL 2025 Crllkal accountlng •stlmth andJudu• Icontlnuèdl Re¢ognNion ol hgacy Inc<Mne The Trustees are aware. as stslwj ithwi Ihi5 re[1. of the wtiU•mnt to the residuary e8tal¢ ineome folow'ng the c{letiOn Ofanl$ll8kn. Al the year end the remainirvj resKknry est ¢Ad nol b& quantrfied a5 estate admNiistrallon was. and is still ongoing. The Tntstees had not been ntitihed offurthw thslribuiKm at Ihat date frc¥n Ihe exethrs. It is the op¢niM ofthe Trusteès that thje to wKerlawty the 8mow)t is not known and Ihe remaining199acy is disdosed as a cont¥ig¢nl asset in note 22. Income from donatlons and lagacl•s Unr••trlctsd Unr•stricted fund¥ fund8 2015 2024 Legac*s Tax reclaknat4e on eslate orne 41,$20,729 779.051 114.139 114.139 42.299.780 IncLY))e from I1m•n Unrnstri¢t•d Unmtrktsd fund• lund8 2025 2024 Income from fisted investinonts Interest receivable 2,663,449 3,OSO,434 3.349,302 1.302,590 5.713,883 4,651,9S2 Expgfidlture on ralslng fund• Unrestrictrd VnY••trl¢l•d fvnd• funds 2025 2024 Investment manag•ment 475,388 325,9fy) 17-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Expendlture on charltable actlv115es Promoling and •nhancing ¢h¥rilable wo 2025 Promoling and •nhancing ¢haritsbl¢ work 2024 Direct costs Grant funth'ng of actrérfies (see nole n 5.967.239 2.831.850 Shar• of Support and 9o¥em•n¢e ¢o•ts {¥ee note 8) Support Gov8manc• 34,9 6.960 89,297 8,357 6.009,168 2,929,504 Anafysh by fund Unrestrict8d funds s..1fj8 2,929.504 Grnnts payabl• Promollng Promotlng and and •nhanclng •nhancing charftab charltabl• t*•rk wo 2025 2024 Grants to inslilulions: Imperial College G1c¢s1¢f$hIre Tnsl Inside Juslice Aslhall Swinbrook & dfOrd Chur Littl$ Village Cranleigh School The House of Fairy Tales (Body Talks MoNvnent) JamyaNJ &Jddhist Turlle Dove RNer Action UK The Downforce Twusl Brook Learning Through Landxapes Open Door Sport A) Mind Justice 2.600.0 405.097 75.OCKI 16.orxi 350.ors 25.000 16.000 11x1,000 45,OLIO 25,000 5.000 150.000 150,000 15(WJ,000 2.(W.000 71.142 440.850 375,rAx) 300,C4JO So,C0 75,( 25.(KJO 5,967,239 2.831,850 18-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEmEs (CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Support •lo¢•tsd io •ell¥ll 2025 2024 Con¥Jliance. 19gal and gMI 151[al rA)sts C0mance costs 34,9 89.297 8,357 41.929 97.654 Allaed betwe. Promotlw and enhanc4n9 charilable wk 41.929 97.654 Authtorf• rnmun•r•llon 2026 2024 The net movement in funds is stsled after chargW(cThbry): Fees Payab for th• a1 of the ClIS fir(JaI statem s.1) 10 Trust• None of th8 Trustees lor any persons conn&ted witt) them) rffeld any remunwation. btneffts or expenses from th& Charity thjring the Y (2024- £NiD. No Tntee expenses were incjmd. 11 Employee¥ The alage monthly of erT¥&)yee5 Ihe yearwas". 2025 Number 2024 Nun*er Total 12 Other eVn(l Unrvatrlct•d Unrnstrlct•d fund fuNI$ 2026 2024 FIr4n costs 19,449 13,498 19-
THE ALEXANDER MOSLEY CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 13 Galns and losse¥ on Irbv••tyngnts Unrnstrlctrd Unr•$trl¢t•d funds fvnds 2025 2024 Gai{10$$85) arisry on: Re¥Uation of invèslnwnts Sale ol inveslments Futtxe8 18.788,246} 11.056.553) 9,645.309 1.732.301 853,251 19.844.799) 12.230.861 14 Taxatlon Thè Charlty18 exempt from taxalicffj on is a15 t$¢ 41 its is appknl trcharitsblg purposes. 15 0th?r galns and loss•s UnMtr5¢t•d Unrtstri¢t•d fvnd$ lund$ 2026 2024 Gainsloossesl uwjn." Foreign exch8 (48,7041 {85,8761 16 Flxed as¥•t investmpnts U¥ted Inv•8imènts Cmt or Yaluatlon At 6 April 2024 Additions Valuation tharvJes Le9a¢ies ierEivable Oi$posals 151.824,046 66,145,408 18.788,2461 1.311,793 161.479,549) Al 5 Aprl 2025 149,013,452 caIng amount At OSApril 2025 149.013.452 AI 05April 2024 151,824.046
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 16 Fixéd 4M•t In¥Mtm•nts (Contlnuodl 2025 2024 Inveslments al faw vakn comws•: UK equrties and trusls Overseas eqLNti•s Fixed income bonds 21,449,107 34,809.388 65.095.405 69,916.267 62,468,940 47,098.391 149.013,452 151,824.046 As al SA1 2025 tho f(knin9 hc4thngs conj& io be ofm•twi4 Mltknt v•lu• 1.375% EMTN Volkswa9¢n Fin SeTh NV £3.769.59S 6.375% EMTN Nallthsl Mathets PLC £3.931,860 5.25% EMTN Lloyds Bkg Grp PLC £6.001.500 2.25% NTS Holcim Sterfing Firta {Netherf) B.V. £6.556,475 4.625% NTS Rab)bank NL £6.334.575 . 5.75% EMTN Soc Generale SA £6.486,675 3.25•A 88rdays PLC £8.405,500 5.5% EMTN Elgdn"rile de France SA £8.116,225 5.067% EMTN BP Caprt4 Mel$ PLC £6.378,735 5.125% Legal & General Gp PLC £6,4B7.600 AXA SA EUR 2.29 £7,343.247 . RWEAG £4.945.353 Novo Nor(sk AJS OKK 0.1 £4.182,693 LVMH Moet Hennessy Louis vuitt SE EUR 0.3 £3.152.775 Tot¥lEn8rgies SE EUR 2.5 £6,764.870 Air kn"quide SA EUR 5.5 fKlelite £11.168,045 . Ballie Giffwd Ovets Gr Fds 1cvc-hmenc Fw £4.265.672 T.Rowe Pri¢e Fd SICAV- US Smaller Companies Equity Fd £2.767.443 Xtrackers IIEI PLC- S&P Equal Weighl UCTIS EfF £2,774.038 . Vanguard lnfCrnathjn Te¢hnolo9y ETF É4,072.719 Aslrazeneca PLC USD 0.25 É5,404.CiK) Awva PLC GBP 0.328947368421 £8,305,523 MelTose Inthjstries PLC GBP O.th)1 £3.995,OLMI Shell PLC EUR 0.07 £3.744.584 DR Rtthe Holding Ltd £2223.781 N•sll• Lld. CHF 0.1 £3.1 $7,674 Inll Sel Fd SICAV-Asian Tot Ret £4,079.248 The Independent UCITS Flaff SICAV- zenn ja Fd £4.197.847 % of pofllollo 2.53% 2.64% 4.03% 4.40% 4.25% 4.35% 5.64% 5.45% 4.28% 4.35% 4.93% 3.32% 2.81% 2.12% 4.54% 7.4WA 1.86% 1.86% 2.73% 5.5P 2.68% 2.51% 1.49% 2.12% 2.74% 2.82% Flxgd asset Investments rtvlu The hIStC of listed investments Is £140.458.S78 (224- £112.335.599}. Llguldlty rl¥ Liqui¢Jity ri$k lo fv Chanty from Thslments ts kn¢ted to as thè inveslmènls are held in listed ¢ompanies and are Iraded in martels wilh gocMJ hqi•ty and high twkng VOhJs. The commitment to inleNention by eentfal banks and Maet regulator5 has c1)nlin lo provide fry ord• Irading in the markèts and so thg ability to buy and sell quoted equrfies KI st(xk is anli¢ipd to conlmiue. The Chaw has no material inveslment hOlngS in markets subject ts exd)•y oJols or trathng restricliorts. 21
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 17 Debtors 2025 2024 Amounts lalllng whhln on• yo4r. Tax recoverable Other debtors Prepayment$ and a¢¢nd in 786,809 1,473,681 539,974 54,887 1.108,483 2.W.318 2.8Tr).464 2025 2024 Amounts lalling due after mor• lIn on• y•ar. Olher dobtNs S00.CrfXI 500,000 Totsl debtorn 2,W,318 3,300.464 18 CredltoTr: amounts failing due ¥Athln one yr 2025 2024 Trade creditors Accnwls for gran15 payalAe Awuals K1 deferred income 6.240 2.877.226 12,853 2.963.188 18.696 2.896.319 2,981.884 19 Credltor¥- afflounts falllry du• aft•r morn than on• >*ar 2025 2024 Accwal8 gnts payable 4.162.760 3.684.986
THE ALEXANDER MOSLEY CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED S APRIL 2025 20 FdIng commitments In the year ended 5 ApFI 2022. the Chaiity made a [LIng ccrfThnitment of £7.CQO.000 to the Independent P$$ Regulation Trust (IPRTI, with pwents made tWe yewty over a perlod of 7 years. Thé ongoing cofflmitll extending teythvj Ihe 12 ftnths the bal sheel dale i¥ cakulaled by the amortised $1 method using a diseljt r81È of 0.65% per n. A charge of £19,449 (2024- £13.498) as be re¢ognbsed within the SOFA{NAe 12). Durin9 the year to 5 Aprd 2025. three 51alMentS lolakn9 £1.no.OLTh] were paid. At the yeor-&nd. Ihg funding rnmilmenl due withii one year is £957,226 (2W24 - £1.710.551) shown within acwal$ for grants pable wrfhin on¢ year (note 181. The ¢c¥ThnitmÈnl after one year amoun15 10 £2,227,759 QIT24 - £3,184,986) and is shown within acuuals (C grwts payable grgatgr Ihan Or year Inoie 191. In the year ended 5 Aprd 2025. tho Charity made the ft¥1tyear fft ¢xmmitrnents'. £2.600.000 lo Imperial Comege. payable n 5 yearty W1#1m•nts. Onè in5talment of £720.000 was paid in the ye¥. Al the year-end, £720.(KKI was paYae wthin on& year and £1,180,CrfXJ due wler than one ye¥. £75.C(Q lo knside JustKe. payawe in 3 ye• inslalments. One instslment of £25,000 wa5 paid in the yèar. At the yearond. £25.[ was payawe one year and £25.thJO due 90tr than ong year. £350,OIJ) lo Littk VINage, payable i) 2 ye•fy inslaknents. One instalfftht of £175,(KXs was paid in the year. At the yearond. £175,CKKI was pJyabk within C year. . £1.500,000 to lh• D(AYnforce Trust. payable in 3 yety Ttalts. One inslaknènt ol £Sty),fy)O was paid in the ye¥. At the year-end. £5.( was pay4e year and £51YJ.CKIO due greater than one year. . £375.CKJO to LeaMI Thrh LdScapeS. payale in 3 yeaty instalments. One inslalmenl of £125.000 was paid in the ye. At thè yèar-ThJ. £125,CK) was payable Mthin one year 8rt11 £125.( due eater than one year. £300.CO) to Open Ooor. payat4e in 3 yeaity instsknenls. (he instalment of £1(KJ,000 was paid in tho year. Al the yearnd. £1.() was payable wilhwi crt year and £100,(KJO due greater than one year. . £75,lYXI to Juslicè. payable in 3 yearty CTr ltstslm1 of £25,000 was pa in thè year. At the year-tr. £25.000 w pay Mthin one aThJ £25.000 due greater one year. 21 Unr•strl¢tsd lunds Th& unrestricted funds of the Charity coffyise Ihe unex[ bd•Kes of donatKins and grants whlL* we not subject lo spe¢ffjK ¢onditions by donors grantors as lo how they may be used. Th9se kndude desiwated fijnds which have been set ashJ8 thrt of unr•strict8d frJKls by ihe twstees for spedfic PLWk¥)se$. At 6 Aprfl ¢omlng R•Soue 2024 exp•ndod Galng Ind lols AISAp 2025 Genernl fdS 157.499,040 5.828.022 {6.$04.&)5) (9.893.503) 146.929,554 -23-
THE ALEXANDER MOSLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 21 Unmtricted fvnd• Icontlnuedl PY¢vl•u$ Yr. At6 Aprfl 2023 kneomlng our RQr¢9 •xpendd Goins and loss•s At 5 April 2024 General fd$ 101.671.225 46.951.732 (3268,902) 12.144.985 157,499,040 22 Contingent as•el The R8siduary Eststes of both Max M051ey and Jew Mosley will to th¢ Charity follLwing Ihg end of the administration writxl of e8¢h. knlerim dislrtiutions of £25.7w.orJ) Vre made subsequent lo the year.end. Athninistralion of the estates are SM ongory arnl il is not I)jr wa¢trAble to esthmate rernaiThng amounts lo be received on final dtstritrvJtion. 23 Relatod party transxtlo There were no dlsclosat4e related pwty transons dumg the year (2024- non8). Cash genernt frnm operntiom 2026 2024 (Oefioi)IsLNPUS lor the year (10.520.782) 55,913.691 Adiuslments for.. Investment income rwnised n str1ennt of ri•S Lossl{gain) on disposal of investsnents Fail vaue gains losses on inve5Lmenl$ n488h legeS receivabl (5.713.883) 14.651.952) 1.056.553 {1,732,301) 8,788246 {9,645,309) {1.311.7931 131.447,040) M¢)vement$ in wothng wital: De¢reasel(Increas8) in debtors In8$& n creditors 736,146 392,209 (2,n2,385} 6(,599 Cash (absorbèd byygonernted from op•ratio 16.573,304) 6.321,303 25 Anaty81s ol ¢lwige• in net lund• The Charty had no malwial debi Ih• year. 26 Rèstated comparativ The compatative figures have beèn restated lo present other debtors of £500.000 in note 17 as amoun1$ falling due greatei1han year. whKh had prev been presented as fall9 due withln one year. -24-