REGISTEREO CHARITY NUMBER: 1146388 REPORT OF THE TRUSTEES ANO FOR THE YEAR ENDED 31 MARCH 2024 THE ALLEN T.RVST Sander Accountsnts 869 Hlgh Road Lotthn N128QA
THE ALLEN TRUST CONTENTS OF E FINANCIAL ST . .31. MARC.HQll LKDIE YEAR. END Page R•port of the Truste0• 1 10 2 Ind•pend•nt Examlntrfs Roport stst¢m•nt of Ftnanclal Actlvltl•J B4linc• 8h••t Not08 to th• Flnanclal Statémènts 6 10 10
THE .HE ELEp 31.MABQII IQ24 The trustees present 1hèir report wlh the financial slalamènts of the charity lor th& year endad 31 March 2024. The InJslee3 hav8 adopt8d tha pmvii0rn8 of A111n.ng and Repor"n9 by Charities.. Stslemenl ol Recommended Pracb"ce applblO 10 chanb'es preparing th8ir accoun18 in accor(lanco Mlh the Financi81 Roporlifig SlarKfarrJ applicoble K the UK and Republlc ol IllarKI (FRS 1021 loffocAive 1 Janu8ry 2019}. The alxounts havc bocn wcpared In occwdpnce wffth the Accounllng polId oel out In Noie 1 to the Bnts and CDmpty wilh lh¥ Cliarlll¥ govemlng documenl und 1110 Charilies Act 2011. OBJECTIVES AND ACTNMES Oblectives and almo The objects ol tha C.harffy arg for thè rèlel ol person5 anywhere in Ihe world who are In condilKJns of need, hardship or distr855. 8rHJ has mAlnlAin8d this objective within lh8 peri. The tn181888 wll corilinu8 10 8aek out worlhy cau8è5 and, on agmmenl, wll donata to them. In $0 dolng. the INsloe$ conunue tho Ch8rfty act1vle5 f¢ th¢ publk bonèfi(8nd hence olve due rogard to tho Charity Cammlsslon wSd8nce. The pc41cles odoptod In furtheran# of th¢86 objects are #s dewlbed abovo and th•r• has been no changvt In th durlr¥a Ihe year. Th@ tsu81è89 havi pold due regard to guldarte Issued by thè Charity Commission in dedding what adivib'&s Ihe Chanty shId undertake. ACHIEVEMENT AND PERFORMANCE Charftobl• actlvltleB The trust h8s ttjnllnuod lo $upForl thadthblo caus9$ as d8s¢rbod In thg not85 lo lho aetounts. FINANCIAL REVIEW Tho trust ¢onllnuos to hold SI1c8n1 rnsoureos arKI ho$ eamed t)onk Inler081 kn the yoar or £31,038. Inve8trnenl8 hovo b8èn made by1gn(ling lo bu8lnos8' ar IndthA1,5 Ih81 has 811wd for 8ub8tanlially greatèr inl8re61 ¢0 b& oamed ihan malntalnlng rKJm)al bank d6F4)sirs. Inter981 In thg year Irom Investrnonls 8$ bens was £18,197. Tolal don8lions rncew In Iha p8rfcpJ wor8 £85,247 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The ¢harty ib CLJntroll8d by itx govèming d¢xvmgnl. a d8od oftrust und eonslilules an unincorrKJraled charity. Ro¢rultrn•nl and appolnimont of n•w tru8too5 The powor of apIntIng and removlng trusleeg Is vostod in the extsilng tru$la89 01 Iha ¢harrty. Any tnjstoo momber appdnlod shan hokl of11 onty unlll ngxt AnnuHI Goner81 MfJBting when they VAII be el1b18 for rwlectK)n. Oro•nl•allonal •tructuro Al dgclskns are leken by tW51è•s and agreomenl Mje by molodty vots. Inducllon and tralnlng of n•w trutsè• 1119 not con8iderod Ihat any speufi¢ roqulrnmènl8 are rgqulrod for tralnlffJ or Indueuon ol1rn81ges lo Ihls Charity olhor Ihan the guJarKe froffl Ihe oxlsting tru51ees. REFEReNCE AND ADMINISTRATIVE DETAILS R9gl$tored Charlty number 1146388 Prlnclpal •ddrOSB Cedar Bam Wcodh811 Hungry Hdl Lang Sgnd Surrey GU23 7LG Page 1
TH_E ALLEN TRIJST EEEQB.F THE TR TEES FoR{.£.Y.EAR EJADED 31 MaRQ1t24 Trustees MrADMAIoTr Ms M Pdlitt Independ•nt Examlner Mr G. Gaorgiou Sandor Accountsnts 869 High Road London N128QA COMMENCEMENT OF ACTIVITIES Th8 ch8rlty ¢ommenced its aclNits8s on 14th March 2012. ye&byorderof.Ih8 trkwd oftrusteoy on 29 January 2025 aThJ 61gned on Its bahaif by. MrAOM Page 2
NER. PORT T TH.E ALLEtIIB THE TRusTEF Indopsndont &xamlnofs rnport to thg trustees ol Thg Allgn Trust I wort ¢0 the ¢harity truslco9 on my exemlnatlon of the accounts ot The Ajlen Tnjst (the Trust} lor the year ond9d 31 March 2024. Responslbllltles and basls of roport AS th8 charity Im818as of Ihft Tnist you aTe resF4)nsibl8 lor Ihe preparauon of ihe acxounls in accordance wrth the requir8mènis of the Charities Act 2011 Ctha A¢f). I rep)rt In r95pe¢t ol my examlnalon of Iho Trusvs aCThIS c8rrfed out LiTrJer Sgctbn 145 of tho Act and in carrylng oul my oxamlnalion I hava followed 811 apptlcablg D1ctiOnS given by Ihg Ch8rNy Commlsslon under Se¢lion 145lSllbl of Ihg Act. Indwmdonl oxamlnefs •tst•m•nt I hBve compleled my gxamin8iion. I confirm that no mplortol matters have com6 to my ¥tt8nlhn in connedion wilh the examinatson giwng mo G4u8e lo bali8v8 that in any material mped.. artounung reeL¥ds wwo not kopl In ofthe Tnt as requtred ty Sectlon 130 of th8 Act.. or the accounts do nol Bcc0 wllh Ihoso rocords., or Ihg o¢ctyJnts do not comF4y wlth the 8pplicabt& requSromonls o)ncemlng thts form and contenl of accounts scl out in Ihg Ch8rfUa8 (Atcounly 8nd Report81 Reyulatlons 2008 other IhBII ony reqtsli&mènl Ih81 Ihg occounts glvo 8 tru9 8nd lair viow whkh is not A mallgr rAJn8ltJ8red a$ part ol an independent examinats"on. I havo no (>Jnc8ms and have CAim• a¢ross no olher rnatte In wnnèctitin wtth Ihe examknallon lo whth attonlion Should bè drawn In Ihls ioport In order lo enabla a Proper under51andlrvJ of thè anIs lo be reached. MrG. Sonder Acc¢JJn 889 High Road London N12 8QA 29 JBnu8ry 2025 Pape 3
THE ALLEN TRU..ST 2024 Unresinclgd fund 2023 Tot81 fiinds Notes INCOME ENDOWMENTS FROM Donathjns and legad69 85.248 42,858 Invesbnenl Inccm8 49.235 28,891 Totsl 134.483 69,749 EXPENDITURE ON Rai8iryd fund 1,600 Charltabl• actlvlt1•8 ChJrltable donaU¢Jns 97.041 327,070 Oth 7.959 5,607 Toi41 106.600 332,877 NET INCOMEIIEXPENDMJRE) 27.883 1262.928) RECONCILIATION OF FUNDS Tolal fur>Js bioughl Iop•VArd 1,904,521 2.167.449 TOTAL FUNDS CARRIED FORWARD 1,932,404 1,904,S21 The notes form part ofthoso finand4 statements Pagtr 4
2024 Unroslricted lund 2023 Total nds Note8 FIXED ASSETS TangiN8 assets 118,400 CURRENT ASSETS rjeblors Cash al bank 976.276 842,184 968,973 941,906 1,818,460 1,910.879 CREDrroRS Arnounls falllrg duo wlthln onfr year 14.4561 16,358) NET CURRENT ASSErs 1.814,004 1,904,521 TOTAL ASSETS LESS CURRENT LIABILMES 1.932.404 1,904.521 NET ASSETS 1,922,404 1,904,521 FUNDS Unrosirfcted 10 1.932.404 1,904,521 TOTAL FUND8 1,932.41M 1,904,521 Tho fintsnaal opprovod by ts Board ol Trustee8 ènd authtrbfjd for Issue on 29 JBnu8ry 2025 and were Mr The notes fom part ofthese finandai 5talements P89& 5
THE ALLEN_TRU.ST THE.R ElFP..¥l bla&Q12QZ4 ACCOUNTING POUCIES B•sls ¢1 proparfng the flngnclal 8latoments Tho financi81 8tslemenls ol th8 chertty, whlch 1$ e public benofil en1ty under FRS 102, h8V8 been prepared in accor(lanc8 wlh Chariiies SORP {FRS 1021 'Accounfrn9 and Rèporb'n9 by Charib¢s.' Slal6mènl of Rgcommèndod PrdCtiGg applicabl8 io charitiab preparing Ihgir fjccounts in arLorddn¢4 v4ith the Financsal Repo.n9 Slandard applicable In th6 UK ar¥J RepubllG ol Ireland IFRS 1021 (effective 1 January 20191,. Flnandal Rep)rUng Standard 102 Yli8 Finandol Roportkng StarKlard applicatlo In the UK and ReputAlc ol Ireland. and Iho chane5 Act 2011. Thg fin8nd81 statements have been propargd under the hlslortcal ¢osl o)mionUon. InGo AJI incomvj b rocognFsed In th8 s1#9n1 of Flnpndal Actmlles ¢)r the thpflty h98 onlillonwnl lo the funds, 11 58 proboblg Ih81 thg incLvne wlll be rocd¥8d and Ihè ernount Gan bg m988ured rnlk9bly. Expondlture UablbU88 are recognlsed a8 oxwndituro a3 soon 88 Ihtire la 8 al or constnjclve obllgalkjn commltUrvJ th8 ch8rfty lo that expendIre. It Ls probabkn Ihal a transfer of ernOMIC benaflts VAII bo rc]ulred In settlement and lh8 amtjunl of tho obllgallon can be moa5ured rellabty. Exp8ndllure Is accountod for on an a¢xruals basis aThJ has classlflad under h8afllngs Ihal aggregate 811 cosl related lo Iho cal8gory. Where costs cannot be dlreclly 8itrlbuleii to p8Cular ho8dlrrfJ8 Ihoy havg bogn allocaled lo aclSvllie8 cm a ba818 eL)nslstonl th the u99 01 rgwurcos. Tanglblè fix•d asut• Dw8¢tadon 18 roVa at U)0 folw'n9 annual rates n order lo wdle off each as881 over Its 8stlmat8d u86ft Ilf•. TBxatlon Tho churity18 oxèrry>l from tax on Its Ghalfla0 aLXlvttkg1. Fund aKounUng Vnreslr5cled lunds be used kn occor(18nce wlih the chBrtlablo Oblo0188 01 the dlscrellon of lh8 Irusle83. R•8lrkt•d lund8 ean onty b& for pafilvJlaT re8lrtctad purpxe8 wlhln tha otyecl8 ol thè charfty. R•slri¢Uons an8e when spe¢tfied by Ihe donor or when fun(18 are raised for p8rtlar r861ricl8d purp08e8. Further explanallon of the natyro Ind purpos6 of gach fundls Indudgd In the notes lo the finBncLql Statements. Forolgn curroncle• A8sels and 114blltle3 kn fOren currenc5 are Iranslaled Into slerflTVa 81 Ihg ralgs 018x¢haNJg rullng ¥1 Ili& ba18n 8he81 dale. TranSacOn8 In foreign currend88 afo Ir8n818l¢d into slèrlkno al Ihe ralg of oxchango ndlng 81 Ih& dpte ol ir8nsacbon, ExeJ)ange dIff0nC9S IAkfin inlo 8tYthinl In arriving al Ihe opernlinu resL>II. INVESTMENT INCOME 2024 2023 Inlrnt recolvod 49.23b 28,891 Pagg 6 conlnu¢d...
]Ll.E_b.LLEN TRUST S_-_oonll.ryuod CHARrrABLE ACTMTIES COST8 Dlrect Costs Charltsbta donalkJn$ 97,041 The lolln9 caLtses were yupported In Ihe perlod.. Alrican Revtv81 ospic8s of Ho SAVKT Fundraising Royal Hospitsl St Churth Horslgy Ronlstart On Cours& Fwndal Grang8 Park Opera Ukrain8 AmbanCe Wtsloy Airfield Learn. h£hverneI, B¢¢omp Cosllo of May Tru31 Episcopgl Chuth SuprKJrt C&ym8n Islands Sustslnoblilty D6vebJpMl Pl8n Pl8n for Peaco Baplisl Joseph Flind King8 C(Al8g9 &hcd Rugby Toam 43,376 100 200 750 600 6.000 1.700 30.000 750 2,0 Totsl £97,fy11 OThER 2024 2023 Fty¢lgn oxch8np differonce8 Travel Support sts 110 4,989 2,880 11,8131 4.598 2,822 7,959 5.607 TRUSTEes' REMUNERATION AND 8eNEFrrs Thero wgrg no trustee3' romungn4don or olhgr beneffts for Ihe ypar vnded 31 March 2024 for thg year 8rKfe(I 31 March 2023. Trust•O8' expen• Mf A D M M•n. a trust08 01 Charlty. wa¥ reknbur6ed ewns•s 01 £4,fl68 regarding moniloring ol dcfiauons relallng lo a Ukrani8n 8mbLdance 01 £1.341 and Afifjc4 projec18 of£3,627. Page 7 nnuQd...
THE_4L.L_ENJIV.ST FQB.-TrtiXE4R EPJDED COMPARATIVES FOR THE STATEMEKf OF FINANCiAL ACTNMES Unf6sIriGted lund INCOME AND ENDOWMENTS FROM Donatlony andlogades 42,858 Investment Inthyne 26.891 Total 69.749 EXPENDITURE ON Ch8rSt&ble a¢tlvltl•s CharilÈble donation$ 327,070 Olhar 5,807 Total 332.877 NEf INCOMEIIEXPENDITURE) 1262.928} RECONCILIATION OF FUNDS Tolal lunds brought fofward 2,167,449 TOTAL FUNDS CARRIED FORWARD 1,904.521 TANGIBLE FIXED ASSETS Motor vehldgs COST AddiO¢)n8 120,000 DEPRECi4TION Chargo f(x yoar 1,600 NET BOOK VALUE At 31 Mgrth 2024 118,4 Al 31 Marth 2023 DE8TORS 2024 2023 Al¥inIS t8llro duo vthln ono y98r. Olhgr d8blors 58.240 55,737 Page 8 onltnued...
THE ALL.EN_TRU QIEuEJF IAL ST TEM DE8TORS-continu•d 2024 2023 AmoLmts f81it)J due after morè than on8 yfiar. Cxher debtors 913,236 Aggrooalè arrKJunls 978,278 968,973 Loans have been mado lo local twsingss, and indivRlua14 al inleml rates gr8aler lo thos8 0rfgieKI for dgposils wlh lh8 hioh slrèot bankg. Thet Charity is thgrfrforo able lo realiso a orealor lev81 of inlorest on its cash deposits. CREDITORS: AMOUNT8 FALUNG DUE WITHIN ONE YEAR 2024 2023 Olher credllorg 4.456 6,358 f O. MOVEMENT IN FUNDS Nel movoment In ftjnds Al 31.3.24 Al 1.4.23 Unr•$trkted fund• Ger101 furnl 1,9)4,521 27,883 1.932,404 TOTAL FUNDS 1,904,521 27,883 1,9.32,404 Nel movement In fvnd6. Included In Ihg at4)V8 are 88 fdlow5: Incomlng r¢Sre83 R880urcas expondgd Movomenl In funds Unr6strktgd lund8 Gfvnarèl fund 134,483 1106.6001 27.883 TQTAL FUNDS 134,483 (106,600) 27.883 Compgratlv•8 for movemont In funds N8t movomenl In funds Al 31.323 At 1.4.22 Unrgstrlcl•d lund• Ggnoral fvnd 2.167.449 2819281 1,904.S21 TOTAL FUNDS 2,167.449 1262.9281 1,904.521 P8g8 9 o)nbnued...
THE ALLEN TRUST NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2024 10. MOVEMENT IN FUNDS . contlnued Comparalive net movement in funds, included in the above are as follows: Incoming resourGes Resources expended Movement in funds Unre8tr1¢ted fund8 General fund 89,749 (332.677) (262,928) TOTAL FUNDS 89,749 (332,677) (262,9281 A current year 12 months and prior year 12 month8 combined position is as follows., Nel movement In funds At 31.3.24 At 1.4.22 Unre8trlcted fund8 General fund 2.187,449 (235,045) 1,932,404 TOTAL FUNDS 2,187,449 (235,045) 1,932,404 A current yèar 12 month8 and prlor year 12 months comblned not movement In funds, Included In the above are a6 follows: Incomlng resource8 Resourcés expended Movement In funds Unrestrlctèd funds General fund 204,232 (439,277) (235,045) TOTAL FUNDS 204,232 (439,277) (235,045) 11. RELATED PARfi DISCLOSURES At the year end a bal8nce18 owed to the charfty of £910,455 (2023 - £913,236) by Mr. L Allen, the son of the trustee Mr. A D M Allen. Mr. L Allen was charged £13.659 (2023- £13,700) In the year as Intere51 on the loan. Mr A D M Allen was relmbursed travel expenses In Ihe year of £4,968 {2023 - £4,598) for prolecl monltorfng trips to Africa and Ukralne. Mr A D M Allen sold a Rolls Royce Phantom1111938 to the Trust for £120,000 for the purpos8 of the charfty renting the vehicle lo obtain an income. The trustee Mr AOM Allen is a dlr8Ctor of the comp8ny Adam Handllng Ltd. A donation was made in the year of £30,000 to Adam Handling Ltd to run a suslainability project in the Cayman Islands, £85,247 of donations were received in the period by the trust from Adam Handling Ltd. Page 10