THE ALA GREEN CHARITABLE TRUST () The ALA Green Charitable Trust Financial Statements for the Year Ended 10 January 2024 i) i) () () lo47732-I1336423
THE ALA GREEN CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 CONTENTS Page Officers and Professional Advisers Trustees, Report 24 c) Trustees. Responsibilities Statemenl Independent Auditor's Report Statement of Flnanclal Activilies Balance sheel 10 Cash flow statement Notes lo the Financlal Slalements 12-16 10-87790032-11336425-3
THE ALA GREEN CHARITABLE TRUST OFFICERS AND PROFESSIONAL ADVISERS FOR THE YEAR ENDED 10 JANUARY 2024 Trustee and Chief Executive Anthony John Green Trustees The Honovrable Yorke Joseph John Ealon Angela Judith McAleer Anthony John Green Andrew James Green Registered and principal Addleshaw Goddard LLP office One St Pelerfs Square Manchester M2 3DE Registered charlty number 1151195 Auditor Royce Peeling Green Limited The Copper Room Deva City Oflice Park Trinity Way Manchester M3 78G Accountant Addleshaw Goddard LLP One Sl Peler's Square Manchester M2 3DE Investment managers Brown Shipley 3 Hardman Street Manchester M3 3HR Bankers Coulls & Co 440 Strand London WC2R OQS 10-87790032-1I33fv12&3
THE ALA GREEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 10 JANUARY 2024 The Trustees present Iheir Annual Report on the affairs of The ALA Green Charitable Trust (Charity), together with the linancial statements and ALtdilor's Report lor the year ended 10 January 2024. The fir)anGial statements have been prepared in accordance with Ihe accounting policies as set out in nole 110 the financial slalemenls and comply with Ihe Charity's trust deed, Ihe Charities Acl 2011 and Accounting and Reporting by Charities- Slalement of Recommended Practice 2019 {SORP) {effeclive 1 January 2019) applicable lo charilies preparing their financial statements with the Financial Reporting Standard 102 applicable in Ihe UK and Republic of Ireland. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is consliluted under a Irusl deed daled 10 January 2013. 11 is a regislered charity no. 1151195. The business of the Charily is conducted Ihrough a series of Trustees, meetings. where Truslees oversee the granl making aclivilies, ensuring that Ihese conlinue lo support a wide range of organisalions throughout England & Wales. Trustees are responsible for controlling expenditure and also for Ihe inveslment and reserves policies and with any associaled decisions. The Trustees who have served during the year and since the yeaT end are sel oul on page 1. Truslees are appointed by the Selllor during his lifelime and Ihereafler will be appoinled by resolution of Ihe Trustees in accordance with the Irusl deed. No Trustee had any financial inlerest in Ihe Charity in the current or prior year. Thus far the Trustees, other than the originaling Trustees, have been appointed on the basis of a long-slanding knowledge, shared by the existing Trustees, of the appoinlee in relalion lo her or his integrity and probity and proven record in herlhis chosen professional career.11 is expected that the policy allaching lo appoinlmenls will continue in that vein. The background ol each appointee is such Ihal formal training is not required. There are no formal induction activities undertaken for each newly appointed Trustee. The Trustees consider the key managemenl personnel ol the Charity to be Ihe Board of Trustees. All Iruslees glve their lime freely and no Iruslee remuneralion or expense reimbursemenl was paid in Ihe year {2023'. £nil). Addleshaw Goddard provide Ihe Trustees wilh legal and adminislralive advice and charge Ihe charity accordingly for the lime spent. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The Charily has unreslricled objects lo apply the Gorpus and income for all purposes which are charilable under the laws of England and Wales from lime lo lime. Subject lo any designation or reslriclion which mighl be allached to any sum received by The Charity lo be applied in implemenlalion ol ils objecls, il is Ihe policy of the Trustees lo apply the income stream of The Charily to a broad range of charilies bul in particular charities operaling throughout England & Wales. The Trustees measure success In achieving the Charity's aims by reviewing Ihe level and lype of granls awarded each year. In selling their objectives and planning their services. the Trustees of The Charity have given careful consideration lo the Charity Commission's general guidance on public benefit and furthers ils charilable purposes for the public benefit through ils grant making policy which aims at: Conservation and Ihe environmenl. wilh particular regard to forestry,. The provision of education lo children in England & Wales., 0.1 Holidays for under privileged children.. and Holidays for children and adults who are full-lime carers. ACHIEVEMENTS AND PERFORMANCE The Charity has awarded granls of £478.97712023.' £486,041) in Ihe year lo organisalions in line wilh their objectives. Surplus funds continue to be invested with Ihe aim of generating additional income lo be used for granl making activities as oullined above. All grants awarded are in accordance wilh furthering the charilable objectives of Ihe Charity. lo.87732-1G42Sj
THE ALA GREEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 10 JANUARY 2024 FINANCIAL REVIEW AND INVESTMENT POLICY The results for the year ended 10 January 2024 are sel oul in the Stalement of Financial Aclivilies on pa9e 9. This shows lolal expenditure before net losseslgains on inveslments for the yeai of £507,098 (2023.. £517,603J- Total income increased to £674,054 from £660,611. The closing nel asset posilion has decreased lo £6.582.141 {2023: £8,221,753). A decrease in investment value of £1.806,568 was recorded in the year (2023= increase of £83,543). There are no reslrictions on Ihe Charily's power to invest. il is Ihe policy of Ihe Tfuslees lo manage the corpus of The Charity on Ihe basis ol a relalively low level of risk, balancing Capilal growth and income requirements in order lo sustain the corpus in the long lerm and to provide an adequate reliable income slream to serve Ihe charitable purposes on a day lo day basis. The Trustees adopt a responsible investment approach. From an inveslment perspeclive. the Trustees, priority is lo generate a risk-adjusled return that will support the activities of the Trust over the long lerm while ensuring, where possible, Ihat the capital is invested responsibly and sustainably. PROCEDURES AND POLICY FOR GRANT MAKING The Trustees meet periodically to consider whal grants they will make and to review any feedback Ihey have received. Grants are only awarded upon agreemenl by Ihe Trustees and all successful recipients must meet the speclfic objectives of the Charily. Though the Trustees make some grants with no formal applicalion, they normally ask invited organisalions to submil a formal application saying how the funds would be used, whal would be achieved. and providing references where appropriale. The Trustees have a policy. which is communicated lo all beneliciaries, Ihal Ihey only make grants that meet the conditions specific within Ihe final offer letleT approved by Ihe Trustees. RESERVES POLICY It is the policy of the Charity lo maximise unreslricled funds, which are the free reserves of the Charity, lo ensure sufficient funds are available lo cover awards payable, support and adminislralion costs for Ihe foreseeable future. There are no restricted reserves held al present, unrestricted reserves carried forward in lo 2024 amounted lo £6,582,141 12023.. £8,221,753>. RISK MANAGEMENT The Truslees have considered the operalional and business risks which Ihe Charity faces and confirm Ihal they have eslablished systems to miligale the significant risks. The principal risk faced by Ihe Charity is volatility in the value of inveslmenls held which could expose Ihe Charily lo loss of income The Trustees work closely with the inveslmenl managers and the inveslment reports are closely monitored lo track fluclualions and to ensure investment decisions are in line wilh Ihe objeclives of Ihe Charily. PLANS FOR THE FUTURE The Trustees intend to continue providing awards in a similar way lo the recenl years. continuing Ihe emphasis on charities operaling mainly in England & Wales in line with Ihe objeclives of Ihe Charity. i) RELATED PARTIES The Trustees are required to disclose all relevanl inleresls and, in accordance with the Charity's policy. withdraw from decisions where a conflict of interest arises. GOING CONCERN After making enquiries, the Trustees have a reasonable expeclation Ihal Ihe Charity has adequate resources to continue in operational existence for Ihe foreseeable fulure due lo level of net assets. The Charity has no immediate requirement lo use ils inveslmenls and has minimal overheads and governance costs. The charilable objects are met through the making of donations which are agreed periodically throughout the year, are intended lo match the 1047790032-1I33642&3
THE ALA GREEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 10 JANUARY 2024 income, and there are no on-going commilments lo pay future donalions. Accordingly they continue lo adopt the going Goncern basis in preparing the financial statemenls. POST BALANCE SHEET EVENTS There have been no posl Balance Sheet events which would materially impacl Ihe financial slatements as presenled here. AUDITOR Royce Peeling Green Limited have expressed their willingness to continue in office as auditors and appropriate arrangements have been pul in place for them lo be deemed reappointed as auditor. The Trustees, Reporl was approved by Ihe Board and signed on ils behalf by.. TheH able Yorke Joseph Eaton - Truslee I liolJ4 o.) LJ 10-87790032-1133FA2&3
THE ALA GREEN CHARITABLE TRUST TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 10 JANUARY 2024 The Trustees are responsible for preparing the Truslees, Reporl and Ihe financial slatemenls in accordance with applicable law and United Kingdom Accounling Standards (Uniled Kivlgdom Generally Accepted Accounling Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable lo charities in England and Wales requires Ihe Irustees lo prepare financial slalements for each rinancial year which give a true arsd fair view of the stale of affairs of the Charily and of the incoming resources and applicalion ol resources of the Charily for that period. In preparing Ihese financial stalements, the truslees are required lo.. select suilable accounling policies and then apply Ihem consislenUy- observe the methods and principles in the Charity's SORP; make ludgments and eslimales Ihal are reasonable and prudent: slate whether applicable accounting standards have been followed; and prepare the financial slalemenls on the going concern basis unless il is inappropriale lo presume that the Charily will continue in business. The Trustees are responsible for keeping proper accounting records Ihal disclose with reasonable accuracy al any lime Ihe financial position ol Ihe Charity and enable them to ensure that the financial slalemenls comply with the Charities Acl 2011 and Ihe Charily (Accounls and Reporis) Regulations 2008 and the provisions ol Ihe Irusl deed. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevenlion and detection of fraud and olher irregularilies. The Trustees are responsible for the maintenance and Integrity of the Charily and financial information included on the Charily's websile. Legislation in Ihe Uniled Kingdom governing the preparation and dissemination of financial slalements may differ from legislation in olher jurisdictions. ij I0-8772-ll33&l?5
THE ALA GREEN CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ALA GREEN CHARITABLE TRUST Opinion We have audiled the financial stalemenls of The ALA Green Charilable Trust (Ihe 'charity') for Ihe year ended 10 January 2024 which comprise the slalement of financial aclivilies, the balance sheet. Ihe slalemenl of cash flows and the notes lo the financial slatemenls. including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards, including FRS 102 The Financial Reporling Standard applicable in Ihe UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financial stalemenls: give a true and fair view of the slate of Ihe Charity's affairs as al 10 January 2024 and of ils incoming resources and application of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepied Accounting Practice., and have been prepared in accordance wilh Ihe requirements of the Charities Act 2011. Basls for oplnion We conducted our audit in accordance with International Slandards on Auditing {UK) {ISAs IUKI) and applicable law. Our responsibililies under those slandards are lurther described in the Auditor's responsibilities for the audit of the financial slalemenls section of our reporl. We are independenl of Ihe charity In accordance wilh the ethical requirements that are relevant to OUT audit of the financial slalemenls in the UK, including the FRC'S Elhical Slandard, and we have lulfilled our olher ethical responsibilities in accordance with Ihese requiremenls. We believe Ihal the audit evidence we have oblained is sufficient and appropriale to provide a basis for our opinion. Con¢luslons relating to golng concern In auditing Ihe financial slalemenls, we have concluded Ihal Ihe trustees use of Ihe going concern basis of accounting in the preparation of the financial slatemenls is appropriale. Based on the work we have performed, we have nol idenlilied any material uncerlainlies relating lo events or condilions that, individually or colleclively, may casl significanl doubl on Ihe charily's ability lo continue as a going concern for a period of al least Iwelve monlhs from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the trustees wilh respecl lo going concern are described in the relevanl sections of this reporl. Other informatlon The other informalion comprises the informalion included in Ihe annual report other than the financial slalements and our audilor's reporl Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on Ihe financial slatemenls does nol cover the other information and we do nol express any form of assurance conclusion thereon. Our responsibility is to read Ihe other information and. in doing $0. consider whelher Ihe other information is materially inconsistent with Ihe financial slalements or our knowledge oblained in the course of the audit, or otherwise appears lo be materially misstated. If we idenlify such material inconsislencies or apparent malerial misslatemenls, we are required lo delermine whelher this gives rise lo a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other informalion, we are required to reporl Ihat fact. ij We have nolhing to reporl in this regard. (J I0-877032-l13364254
THE ALA GREEN CHARITABLE TRUST r) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ALA GREEN CHARITABLE TRUST Matters on which we are required to report by exception (-) We have nothing lo report in respect of Ihe following matlers where the Charities Acl 2011 requires us to report to you if, in our opinion: the information given in Ihe financial slatemenls is inconsistent in any malerial respect with the Iruslees, report; or sufficienl a¢counling records have not been kepl,. or () the financial slalements are nol in agreement wilh the accounting records; or () we have not received all the informalion and explanations we require for our audit. Responsibilities of trustees As explained more fully in the stalemenl of trustees, responsibilities, the Iruslees are responsible for the preparallon of Ihe financial slalemenls and for being salislied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material mlsslalemenl. whether due lo fraud or error. () f) In preparing the financial slalements, Ihe Iruslees are responsible for assesslng the charily's ability lo continue as a going concern, disclosing, as applicable, malters related lo going concern and using the going concern basis of accounting unless the Iruslees either inlend lo liquidale the charily or to cease operalions, or have no realistic alternative bul to do so. Audltor's responslbllltles for the audit of the financial statements We have been appoinled as audilor under seclion 144 of Ihe Charities Acl 2011 and reporl in accordance with Ihe Acl and relevanl regulalions made or having effect thereunder. Our obleclives are lo obtain reasonable assurance aboul whether the financial slatemenls as a whole are free from material misslalement, whether due lo fraud or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee Ihal an audit Conducted in accordance with ISAS IUKI will always delecl a material misslatemenl when il exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expected to influence the economic decisions of users laken on Ihe basis of these financial slalements. Irregularities, including fraud, are Inslances of non-compliance with laws and regulalions. We design procedures in line wilh our responsibililies. oullined above. to detect material misslatemenls in respecl of irregularilies, inGludin9 fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud, is detailed below. Al the plannlng slage of the audil we gain an understanding of Ihe laws and regulations which apply lo the Charity and how the Trustees seek to comply with them. This helps us to make appropriate risk assessmenls. During the audil we focus on relevant risk areas and review compliance with laws and regulations through making relevanl enquiries and corroboralion by, for example. reviewing Minules of Trustee meelings and olher documenlalion. We assess the risk of material misstalemenl in Ihe financial stalemenls including as a resull of fraud and undertake procedures including.. Review of controls set in place by the Trustees. Enquiry of Trustees as lo whelher Ihey consider fraud or other irregularities may have occurred or where such opporlunily might exist. Challenge of assumplions with regard to accounting estimates 10-87790032-113364254
THE ALA GREEN CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ALA GREEN CHARITABLE TRUST Idenlificalion and lesling of journal entries. particularly those which may appear lo be unusual by size or nature Because of the inherent limitalions of an audit, Ihere is a risk thal we will not delecl all irregularities, including those leading to a material misslatemenl in Ihe financial stalemenls. or non-compliance with regulation. This risk increases the more that compliance wilh a law or regulalion is removed from Ihe events and transactions reflected in Ihe financial statements. as we are less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo Iraud rather Ihan error, as fraud involves inlenlional concealment, forgery, collusion, omission or misrepresentation. A furlher description of our responsibilities for the audit of Ihe financial slatemenls is located on Ihe FRC'S website al.. hllp'.Ilwww.frc.org.uklaudilorsresponsibililies. This descriplion forms part of our auditor's report. Use of our report This report is made solely lo Ihe Charity's Iruslees, as a body. in accordance with parl 4 of Ihe Charities (Accounts and Reporlsl Regulalions 2008. Our audil work has been underlaken so Ihat we mighl slate lo the Charily's trustees those mallers we are required lo stale lo Ihem in an auditors, report and for no other purpose. To the fullest extenl permilled by law. we do nol accept or assume responsibilily lo anyone other than the Charity and the Charity's Iruslees as a body, for our audit work. for this report. or for Ihe opinions we have formed. Royce Peeling Green Limited The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG L) i.) 10-8174X)32-IIJW25a
THE ALA GREEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 10 JANUARY 2024 Unrestricled funds 2024 Unrestricted funds 2023 Nole INCOME FROM.. Donalions Investments 467,289 206,765 453,125 207,486 TOTAL INCOME 674,054 660,611 TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES 507,098 517,603 Nel income before investment 166,956 143,008 Nel (loss) I gain on investments 1,806,568 83,543 Nel (loss) l income for the year 1,639,612 226,551 NET MOVEMENT IN FUNDS 1,639,612 226,551 RECONCILIATION OF FUNDS: Total funds brought forward Nel movemenl in funds for the year 8,221,753 7,995,202 1.639.612 226,551 TOTAL FUNDS CARRIED FORWARD 6,582,141 8,221,753 There were no other recognised gains or losses other than Ihose lisled above and Ihe nel (loss) I income for the year (J All income and expenditure derives from continuing activilies LJ IO-877032-ll35?94
THE ALA GREEN CHARITABLE TRUST BALANCE SHEET AS AT 10 JANUARY 2024 2024 2023 Note FIXED ASSETS Investments 5,434,841 7,155,213 CURRENT ASSETS Debtors Cash at bank and in hand 90.625 1,077,795 1,168,420 1,081,465 1,081,465 CREDITORS Amounts falling due within one year 10 21,120 14,925 NET CURRENT ASSETS 1,147,300 1,066,540 TOTAL ASSETS LESS CURRENT LIABILITIES BEING NET ASSETS 6,582,141 8,221,753 FUNDS Unreslricled funds 6,582,141 8,221,753 The financial slalements of the ALA Green Charitable Trust {Regislered charity number.. 1151195) were approved and authorised for issue by the Board of Trustees on and were signed on its behalf by.. () eHon rustee rable Yorke JJ Eaton ij I0.87732.1l3J642 10
THE ALA GREEN CHARITABLE TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 10 JANUARY 2024 (I 2024 2023 fl Note Cash flows from operating activities Cash generated from operations () 82,526 388,485 () Nel cash from operating activities 82,526 388,485 () Cash flows from investing activities Purchase of fixed assel investments Proceeds from sale of investmenls (279,810) 193,614 (353,570) 317,933 Nel cash used in investing aclivilies 86,196 35,637 i) () Increase I (decrease) in cash and cash equivalents Cash and Cash equivalents al beginning of year (3,670) 352,848 () 1,081,465 728,617 () Cash and Cash equivalents at end of year 1.077,795 1,081,465 (_) (J (J i) lo.81732-16d25-3
THE ALA GREEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 (I ACCOUNTING POLICIES (I Charitable status The ALA Green Charilable TTUSt is a public benefit enlily and a registered charity. The registered office is given on page 1. (I Basis of accounting The financial slalemenls are prepared under Ihe historical cosl convention, as modified by the revaluation of inveslmenls, and in accordance with the Slatemenl of Recommended Praclice"Accounling and Reporting by Charities (SORP 2019}" applicable to charities preparing their financial slalement in accordance with Ihe FinanGial Reporling Slandard applicable in the UK and Republic of Ireland IFRS 102), effective 1 January 2019; and Ihe Charities Act 2011. () () The accounts are prepared in slerling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearesl £. The principal accounting policies are sel oul below. Preparatlon of flnanclal statements - going concern basis Aller making enquiries, the Truslees have a reasonable expeclalion that the Charity has adequate resources lo continue in operational existence for Ihe foreseeable future due lo level ol nel assets. The Charity has no immediate requirement lo use ils inveslmenls and has minimal overheads and governance cosls. The charilable objects are met Ihfough the making of donalions which are agreed periodically throughout the year, are intended lo match the income, and there are no on-going commitments lo pay future donations. Accordingly, they continue to adopt Ihe going concern basis in preparing the financial stalemenls. Income Income is recognised when the Charity has enlillement to the funds, any performance conditions allached to the items of income have been met, it is probable Ihat the income will be received and the amounl can be measured reliably. Donalions Consists of donations and similar incoming resources. They are included in Ihe accounting period in which they are receivable, which is when the Charily becomes enlilled to the resource. Inveslmenl income Inveslment income is accounted for when receivable. Donated goods and services Donaled professional services and donaled facilities are recognised as income when the Charity has Gonlrol over Ihe item, any condilions associaled with the donated ilem have been mel, the receipt of economic benefit from the use by the Charity of the ilem is probable and Ihat economlc benefit can be measured reliably. Inleresl income Inleresl income is recognised when il is probable Ihal the economic benefits will flow lo Ihe Company and the amount of revenue can be measured reliably. Interest income is accrued on a lime basis. by reference lo the principal outstanding al the effeclive interest rate applicable. which is the rale thal exactly discounts eslimaled future cash receipts Ihrough the expecled life of the financial asset to that asset's nel carrying amounl on initial recognition. 1047790032-1I336425a 12
THE ALA GREEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 Expenditure Expenditure is recognised once there is a legal or constructive obligalion lo make a payment lo a third party, il is probable thal setllemenl will be required and Ihe amount of the obligation can be measured reliably. Expendilure is classified under the following aclivily headings.. Charilable aclivilies - granl award paymenls Award paymenls are accounled for once Ihe Charity has made an uncondilional commilment to pay the grant and Ihis is communicaled to the beneficiary or the grant has been paid, whichever is earlier. (I c) Support cosls Supporl costs include back office costs. finance and governance cosls. Support costs are allocated in full lo grant funding activities on Ihe basis Ihat this is Ihe key aclivily undertaken by the Charily. () Fund accounting The Charity holds unrestricted funds representing unreslricled net income and nel recognised gains which are expendable at the discrelion ol the Iruslees in furtherance lo the objectives of Ihe Charity. Investments Realised and unrealised gains and losses are included in Ihe Statement of Financial Aclivilies. Investments are slated al market value al the Balance Sheel dale and are derived from inveslment assets in the United Kingdom. () () Financial Inslruments Financial assets and financial liabilities are recognised when Ihe Charily becomes a party lo the conlraclual provisions of the instrument. All financial assets and liabililies are initially measured al Iransaclion price. () The Charity only have financial assets and financial liabilities of a kind Ihal qualify as basic financial inslrumenls. Basic financial instrumenls are inilially recognised at Iransaclion value and subsequently measured al their seltlement value. () Cash al bank and cash in hand includes cash and shorl lerm highly liquid investmenls wilh a short malurily of three monlhs or less from the dale of acquisilion or opening of the deposil or similar account. Creditors and provisions are recognised where the Charily has a present obligation resulting from a pasl event thal will probably result in the Iransfer of funds lo a third parly and the amount due lo settle the obligation can be measured or eslimaled reliably. (_) 2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In Ihe appllcalion of Ihe Charily's accounling policies. which are described in note 1, the Truslees are required lo make judgemenls, eslimales and assumptions about the carrying amounts ol assels and liabililies Ihal are not readily apparent from olher SoUrs. The eslimales and associated assumptions are based on historical experience and olher factors Ihal are considered to be felevanl. Actual results may differ from these eslimales. The eslimales and underlying assumplions are reviewed on an ongoing basis. Revisions to aGcounling estimates are recognised in Ihe period in which the estimate is revised if the revision affects only that period, or in Ihe period of Ihe revision and future periods if Ihe revision affects both currenl and future periods. The Trustees do not consider Ihere are any crilical judgements or sources of eslimalion uncerlainly requiring disclosure. 10-877W32-11336425-3 13
THE ALA GREEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 3. ANALYSIS OF INCOME FROM DONATIONS 2024 2023 Donations including gift aid Interest on gift aid payments 467.289 453,125 467,289 453,125 L) 4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES (I 2024 2023 Activity . general grant awards Granl award expenditure (see nole 51 Support cosls (see note 6) 478,977 28,121 507,098 486,041 31,562 517,603 () () 5. ANALYSIS OF GRANT AWARD EXPENDITURE 2024 2023 Grants awarded 478,977 486,041 () 2024 2023 () Royal Forestry Society ShalloOrd Farm Trust Manchester Young Lives Ltd (Addy YPC) Yorkshire Children's Trust Durham Wildlife Trust Wheely Boat Trust Cencts Co The Newman Holiday Trust Go Beyond (Chicks) Snowdon Trust Happy Days Children's Charily BHFund Blooming Blossoms Trust Kids Space Green Light Trust Warringlon Youth Club Norfolk Young Carers Clervavx Trust Glasgow Children's Holiday Scheme Open Road Wesl Norfolk Morcambe Road School Sunshine Wishes Children's Charily Marlineau Gardens The Grab Trust Autism Inclusive Birmingham PHAC Kingswood Trust Live 240,714 200,041 50,000 30,000 30,000 24,000 20,000 () 45,000 19,200 4,000 25,000 25,000 25,000 25,000 4.000 5.000 4.000 6,000 17,500 17,500 17,500 17,500 5,000 5,000 5,000 5,000 5,000 5,000 5,520 4,500 3,543 4.000 9,000 4,000 3,000 3,000 3,000 3,000 4,000 4,000 1047790032-11336425Q 14
THE ALA GREEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 Grants awarded - Continued Norlhwich Mullisporls Frodsham Youth Club Happy and Healthy Trust Peter Le Marchanl Trust Refreshing Minds Sunny Dams Children's Fund Just Kidding Campus Children's Holidays Teen Enterprise Grants of £2,500 and below 2024 2023 3,000 3,000 3,000 3,000 3,000 4,000 4,000 4,000 4,000 () 1,500 486,041 478,977 6. ANALYSIS OF SUPPORT COSTS 2024 2023 () Investment managers fees Legal fees - 2023 Legal fees - 2024 Professional fees 10.529 3,000 13.272 9,690 11,325 () 8,400 Independent auditor's fee Other expenses 1.320 1,200 947 31,562 28,121 () Support costs are allocated in full to grant funding activilies on Ihe basis that this is the key activity undertaken by the Charity, included above are governance costs of £17,592 (2023: £21,872). £3,000 of governance costs relale lo the 2023 financial year. c) i) No Trustee received remuneration for their services as a Truslee or reimbursement of expenses in the current or prior year. i) () 7. TAXATION L) The charily is a registered charity and does nol trade. 11 is not liable lo tax on any surplus arising 8. FIXED ASSET INVESTMENTS 2024 2023 Market value brought forward at 11 January 2023 Additions purchased I gains Disposal at carrying value Net investment profiU(loss) Revaluation 7,155,213 279,810 (193,6141 8,504 (1.815.072) 7,036,033 353,570 {317,933) (50,4481 133,991 Market value al 10 January 2024 5.434,841 7,155,213 10-8779J032-1I33642 15
THE ALA GREEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 JANUARY 2024 2024 2023 9. Debtors Tax recoverable 90,625 2024 2023 10. Creditors Accrued expenses 21,120 14,925 (I 11. NOTE TO CASH FLOW STATEMENT Net (lossl l income for the year Net Ilossl I gains on inveslmenls (1,639,612) 1,806.568 166,956 {90,625) 6,195 226,551 83,543 143,008 242,192 3,285 () () Decrease I (increase) in deblors Increase in creditors Cash generated from operations 82,526 388,485 12. RELATED PARTY TRANSACTIONS () Expenditure of £16,272 in the Stalement of Financial Activities relates to services obtained from Addleshaw Goddard LLP in respect of legal fees (2023: £11,325). The Truslee, the Honourable Yorke JJ Eaton is a member of this LLP. () Total donations received from the Trustees was £362,500 (2023= £362,500). 1(k87790032.IW642S.3 16