Cbarity Registration . 1153738 Co•p•y Regis¢ered No. 08636434 HMRC . EW40609 THE ALLEN & OVERY FOUNDATION (a company limited by guarDtee) *JBITQLY9' 1i112tt022 CCWPANIES IIOUSE 1101 JNI Annual RepDrt and Financial S¢a¢ements For the yeareuded30 ApTiI 2022 coMptsNii¢e. ¥se 1 k OEC 1011 BELFMST
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY RECISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 ANNUAL REPORT AND FINANCIAL sTATEME1s FOR THE YEAR ENDED 30 APRIL 2022 CONTEIYTS Page R¢f¢r¢nce and Admini5traiion InforniaiK)n....................................................... . Trte¢s, Repffl....................... Ind¢Fendenl aydiiors. report io ihe memb$ ofTlie Ajlen & Ovuy FOu10Th............................. Siatement of Financial Activities {Ir£[ud8 ihe Ir<ome and Expu)diiure Account).......................13 St)temeni of Financial Posiiion............................ 14 Sihteffleni of Cash Flows... Notes to the Fina1 Stst¢ment5.... 16
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) CHARITY REGISTRATION NO. l 1>3738 COMPANY REGISTRATION NO. 08636434 REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 APRIL 2022 Trustees H van der Baan AHCItsi B Hannigan M E Johnston M J Mansell P J Mansfield JMPage F J Rer0 A R Wedderburn.Day RegisleredAddress One $p5 Squa Lxjndon EI 6AD Blnkers National Westminster Bank pk 49 Bishopsgale London EC2N 3AS Solicl¢ors A]l¢n & Overy LLP One &shops Square London EI 6AD Indendent Audi¢ors Prycewaterhousecoots LLP Chariered A¢coLbnlanis and Sul0ry Audiiors Merchanr Square 20-22 Wellinglon Place Belfasi fl 6GE
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANYREGISTRATION NO. 08636434 TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL2022 The iTvsiees of The hjlen & Oyery FOun¢Jatn {(he Foundation), who are abo d¥ecior5 for tl purposes of (he Companies h£1 2(K16 (Ihe Act). presenT their report iogether with the audited fmancial S¢menis for the year eTrJed 30 April 2022 and for ihe compar81i¥e pericd being ihe year end¢d 30 April 2Q21. The trusiees have adopied ihe provIsn5 of the Aci and the Ststemeni of Recommendpj Practice: Accounting and Reporiuig by Charilie5 (Charilies SORP). Refen¢t #ttd Admitsistrtlve itsfornati The FOutalk)n is registered with ihe Chariiies c0mmtss1n (Chatity Number: 1153738); is a com limited by guarantee regislered in England (Company Regi5tratK)n Number: 08636434); and 1$ aL%o recogni%ed as a chariiy by HM Revenue and Cusioms (EW40609). The information wilh respeci io 0er5 and professKThl advisers on page I forms part of ihs report. Structiire governance manaeemmt The Foundion ts a chariiable CoMpY limi1 by 8uaTaniee. The trusiees of ihe Found*M)n who served throughout the finwKial year aTrJ up to the dale of signing Ihe fwwicuql 51aiemenis were: H van der Baan A H Clis( B Hannigan M E Johnston M J Mansell P J Man5fiel JMPage F J Ranero A R Wedderbum-Day The Foundation and the appointmeni aTrJ rrf¥emeni of uu5te¢s are goveTned by its Memorandum a Arlicles of Assocrdimin (as amended). New injsiees are wovided with guidance and iraffting in Tekntn to.. the content of the Memorand and ArtKles of AssoCiatrt, sub-commiftee temis of refere¢, deci%n-maklng process tlr obieclives, polKies and receni fmancial performance of ihe Foundatwn. All new trustees are given i oppwlunity lo mee( key per50nneland other trus(ee5 todi5cuss the8ciiviiiesof ihe FOundlOn. Trus are provlled iviih appropriaie Lxiemal irainui8 and utthies iyhere ihis will facilithte ihe undertaking of their rok.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) Risk statement The Irustees acknowledge their responsibiliiy in relation to risk managemeni and in accordance wih Ihe FoundaiDn's risk managemenl licY. Ihey seek to identify wtent>31 risks ihai the Foundaiion may encounter in the delivery of charitsbk aims. including when grant-makin& fundraising ( undertaking new initiatives. The iruslees identify r6ks by= (Ii kx)king ai ihe Foundatvm's obFciiYes. mIssD and siralegy- and (i)I COll5idering other faciors such as.. changes to ihe kgislaiion. Ihe Foundaiion's reputation. previo problems encouniered by the Foundai•)n' and the risk managemeni strateg5 of comparabk chariiits. All risks ideniifd by the trustees are recorded on a risk regtster whKh ts reviewed annually. liarts which are considered to be hi8her risk are 5ubFct lo constant review. During the fmneAI year. the tyusiees have •lentifEd overseas¢hariii¢5: fanCIal 5tabiiily ofrecipienis. repuiational risks asswoteil with recipients and ihe impaci of Cowd-19 on ihe viability of grants risk5 which shoubj be subieci io corstsnt revrw. Such risks are mitigated by financial reputhiional due diligence conduc(ed on all recipients and Mallaining regu communKation with recpienls. Inan¢i41 risk managemenl The financial risks are borne and Manag by Akn & Overy LLP and are disclosed in ihe publKIy avaiknble fancial si&emenis of Alkn & Overy LLP. Key perfornince indicators Given the straighiforward naiure of ihe business and irs principal acriviiies. the trustees are of Il opinion thai anatysis LLsing kry performance indalOrS is not rttessary for an understanding of tl deveb)pmeni. rfOrmae or px)snM)n of ihe FoundatM)n. Obieetives nd etivities The Foundaik)n was estab)h¢d with the aim of providing donatN)ns for ihebenef of any one or mcre qualifying charities. In ihe irusiees. opinn, all donaiions havebeen mle ioorganisations forpurp¢S which areexclusivety charitable and Tn line with'ihe Foundaiion's grani making polKy outlined on page 4. Funds are generated ihrough donaiion5 fmm Allen & Overy LLP partners. Key aclivilies undertak d1g ihe year are slated wiihin the achievements and perfoTtnanc£ seciK)n of ths report abng with short-term and knng-iern) plans of ihe Found1)n. TheFound&ion has ihreegrants sub-commiitees (Global Lonth)n and P£lfasi) andh has a particular focus on a specifK geographic &xaln, allowing suppon to be provmjed to k)cal communities, and ils own reportingrequirements for lis grantees. Thesearesummarisedand rertedannUalty io the trustee5. The irustees and S¢0mMIttee members deiermine success based on the grantee organisaiiors achieving the obfictive5 agreed in ihe initial grant agreements. Measures include ihe nvmber of beneficiartes the grantee organisatv)n has helped. the itnpaci of the work being funded and the use of funds. The Ftyjndation does not make use of sociql investmcni and does not have general vohjnieers.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANV REGISTRATION NO. 08636434 TRusfEES' REPORT FOR THE YEAR ENDED 30 APRIL2022 {CONTINUED) Public nefit rewtyrti•g ThetrLLsiees havebeen advised ofth¢guKlan¢e cfflraNied tyi ihe Chariiy Commission's general guidance on public benefit iyhen reviving tht Foundation's aims and obFciives and in pL4nning its futu activit. In pariKukr. the irustees consKlei how pknned aciNilies wiu conrribure io ihe aims and Objectiv ir has s. Grant making p)li¢y The FoundatK)n's grant making [M)IY is sd 10 enable ihe Foundaiion io achieve its aims. TFE Foundaiion's policy is to 5uppori chariiabk causes ass¢xiaied wilh providing relief in response national or intemational disasiers; advancing access to jUSlKe- advancing acce55 to education and employment,. and in excepiional cases. provhjing relief to ih05e in need generally. well ls oih causes which are asso¢i31ed wsth ihe prbon0 programme of ihe partnersand siaff of Alkn & Ovw. Applicaiions for funding are considered at sub-COTTxnitlee rneeting5. Achievements nd performADce The Foundation received £1,525,114 (2021.. £1.621.313) of donaiioThs in ihe year and made gifts charities of £1.773.403 (2021: £1.487,961) during ihe fuwicial year. The mosi signifan1 graniee during Ihe fu)ancthl yvdr was Fk)pe and Fknmes for Chikjren. a charity th works io end instituiional care of chiklren. The Foundation donated £430.383 (2021.. £373.787) a5 Ffft of its partnership with the chariry, Ivhich ended lli Juty 2021. A new iwo year partnership wAh Sireet Chikl launched September 2021. The FoundaiK)n donat £373,666 10 Street Chilj UK during the finla1 year. Alkn & Overy LLP and ihe Foundaiion ale working to break cycles of poveriy ihrough their partnership ivith Sireei Chikl. Over tyyo years, Allen & Overy LLP and the FoUlatiOnare aiming io raise £Imilln and provKle signiftcant pro bono 5uppon for Street ChilJ'5 work. A portion of money raised is funding work in Srra Leone io enrol 1,500 girb into secondary sclKy and irarbsform 40 rural primary schoob. Street Chihl's awar&winntng Famity sir¢s5 for Educati odel addressing social and fmancial barrier5 to education by helping famils devek)p a sus18inabk source of Corne through iraining. busine55 grants and mentoring. The resi of (he money raised %vill be given as unre51ricted fund5, lo be 5rKnt where they are needed most, helping thechariry to achieve its iargetof making a meaningful maieri41 conlribuiion to thesafety and learnin£ of one million chddren by 2024, and 10 invest in its partFiers to reach mdiions mo Unrestrrted funding is helping Sireet Chikl io yesnd io suddcn onsei crises Slrh as ihai in Ukraine. The Foundation tontinued its support forthose affected by Covid-19 durmg the year through it5 GlotrAi granis ScOmMittee. provKling a grant of £25,IX19 10 Gavi COVAX AMC (2021: £25,OC()). donatKTrn ts being used to fund Covid-19 vaccine5 in kthwer-uicome CountrS. The Foundation a150 provided a grant of £ l 0,000 io Giving Imwus io Voluntary Efforts (Give India) to support people affecled by a surge in CovKI.19 inf¢ctv)n5 in Indi).
THE ALLEN & OVERY FOUNDATION (A COMPANYLIMITED B YGUARANTEE) CHARJTY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 TRUSTEES. REPORT FOR THE YEAR ENDED 30 APIUL2022 {CONTINUED) Achievements performanct(con¢inued) AddiiM)nal disaster relief funding was speni wi resp)nse io emer8encies in the Demo¢ra¢K Republic rf . Congo, Ethiop?4 Afghanistan and ikraine. The Global grants s¢0Mmi1¢ee abo fun(kd six inlemational devebpment charitie5 working in countries in AfrKa, AsTra and Souih hjnerica through lis annual granis round of funding. Of ihese donations, 600/0 ivere for organi5atK)ns working 10 uKrease access io eSJucain or empbymeni and the remaining 41Y/D were working io increa4e access ioiusiice. The London grants sUCOMmittee funded 49 chartiies durng ihe year aeross England. £192,176 w dtrected towards 20 ¢harifies on ihe iheme of ac¢ess io educaiK)n and employmeni and £187,5 iowards 22 charities on ihe theme of access to jusrice. £27.500 represented Six grants to charities to support Allen & Overy empbyets who have made a si8nifKani contribution. £5,(100 was auocaied to dhsasier relief relaiing io Afghanisian. The &lf&sl grants sUCOmmIttee provkled grants to six or8anisaiK)ns. with 23Y• of funding going tr) acce55 to jU51ice charities and 77¥• to edUcn and empbymeni iniliaiive5. Financial reviewand reserve5 For the financial year ended 30 ApTiI 2022, the Founda[n has unresiricted reserves iotalling £566,1 (2021.. £813,732). The policy of the trleeS is to maintawi funds that are available for commiiied 3rd emergen¢y gTants. The unreSir1ed reserves will used to enable funds to be available for the Foundation'5 general purposes. emergerbcy grants atKI other causes. The ioul baknce of grant ommilmen15 at 30 April 2022 iv&s £575.(v)0 (2021.. £375,000) payabk in future years SEricity subj1 io certain condi1nS bein8 met by ihe benefLarY. A]1 of the beneflarS have been infomied. Investment 11 Whi151 ihe Irusttts have a broad power to invest ihe FOuratn.5 fd$, the maprity of funds receThvJ are dispersed by iv8y of granis during Ihe perio(l of lPt. The polKy of tkr irustees ts io invesi in h inieresi deposii accounis. The irustees keep the fftvesimeni polKy under conlinual review. Colng eontern The Iruslee5 have a rea5¢mable eipectatK)n ihat the FoLuKJaiKin has adequ¢ financial resource5 to med its operaiional need5 for a perii)d of ai lea51 12 months from ihe date of approval of the financial siaiements and therefore ihe financial siaiements have been prepared on the going concern basts. Taxation $i#tus The FouTraalion ts a regtstered charTIy> and as such i4 entiikd io certaryi lax exemptions on ineome and profffs from inve51menis, and surpluses on any irading activiiie5 carrted on u) furtherance of t Foundation's primary obFciNes, if these profiis and surpluses are applied solety for charitable purposes. The Foundation 15 not registered for VAT and accordingty. all its experKliture is iecorth inclu5iv¢ of any VAT cUrred.
THE ALLEIY & OVERY FOUNDATION (A COMPANYLIMITED B Y GUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) PIAns for the future The FOUnd1)rt has embarked on a presS to revw its grant making sirategy with an external ¢onsuliant, funded by Al]en & Overy L"LP. A report has been prepared based on a numberof srakeholdtr inierviews and desk-b&sed research and the tleeS and sub-commrttecs are considering 115 recommendations. A numter of changes will be implemenied during Ihe next fancial year. including the recruitment of two independenr trusttts and an increase in the Foundaip)n's budgei for di4asiff relf. Currently all grants awarded by ihe London gran15 sub-commiiiee, ioch8riiies underihe ihem¢of aG¢a5 to edueatitin and empk)yment. are ring-fen¢ed io those who OFeraie in, or are based in, Tower Hamlo5 or Fkckney. The Ixjndon grants sCoMmIttee have agreed 10 lift the geographical resirKiions for Impact for Issessnl Award, 8 muhFyear gran( of £25.CW per annum for 3 years in 2022. Whilst ndOn, and in pxticular Tower Hamlets, h&s ihe highesi percenthge of child deprivaiion ui itre country. lh¢ aiiainment gaps in ftdon schrm)b 15 the smallest in (he couniry. Tower Hamlets is mw considered a social mobility hoispol, being one of the ien mosi sccialty Mobi areas of the county. The focus for the Impact for Assessnnt Award will ke a more nM)nal approach: rather ih3n locaL Thi8 ¥vdl also align io len & Overy'5 commitrnt to social mobility. to do more where pSIble to support areas of need across ihe wcrkj. Qualifying third party ithdemnity provisions The ukonaie pareni. len & Overy LLP. h&% thiered into qualifying ihird party indemniiy arrangemenis for the benefrt of all of ihe irusiee dirwiors in a form and scope ivhich compty with the requrements of ihe ki. These arrangements were in place during ihe financ01 year and ihey are in pLice as at the date of approval of ihese financial statements. Exemptlons from diselostsre The Foundation ha5 nQt taken any exempiions from disclosure. Funds beld a5 Cllstodian trustee OD bebifof oihers There are no furmls hekj &8 cus¢(4J•n insiee on behalf of others.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 TRuEES, REPORT FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) StatemeDI of trustees, respJn5ibililies ID re5ped of the fmanci41 s¢alemen¢s The irustee5 are responsib for preparing the Ses. report aThJ the fmwicial sthiements tyi xcorthKe with applKabk law and regUlaiK). CoMpY law reque5 the trsIeeS lo prepare fmarKial S(eMen1s for each fmancial year. The irus have prepared ihe financiil statemenis in accordance with the Aci. the Charilies SORP and Uniied Kingdom Generally Ac¢epled Accouniing PraciKe (UK GAAP), including Fina0] R¢porling Standard 102 ' The Financial Rewrting Siondard applicable in ihe UK and Republic of Ireland, (FRSJ02). Pursuant io ihe P£1. Ihe irusiees m1 noi aptffove ihe fm•Ko1 siaiemenis unkss they art saiisfivj trL4 Ihey give a irue and fair vThv of Ihe siaie of the affars of Ihe Foundaiion and of the iicome and expendiiure of the Foundaikin for thai rK)d. In preparing ihe fmancial sthiemenls. Ihe truses are required io: seleci suKable accoun18 and then appty ihem con5isienity: makeNdgements esiime5 that aTe ronab aThl prudenl. siale whether applicable UK accounting standards have been folkjwed. subieci io any material departures di8closed and explained in the fmancial statements. and prepareihe financial statements on thegoing concern basks unless it is inappTopriale io presw Ihai ihe Foundation iyill ¢oniinue in busin¢55. The irustees are re$wnsl k for kttpD)g adequate accouniwig records thai ¥e sUlent to SlW e.xpla the Foundation's transaCtnS, dtsclose with Teasonable accuracy at any lime Ihe fmancial pDsitk)n of ihe FoundatKthn and io enab ihe irustees to eiisure that the fmancMI 5talements compiy wih the Aci. The trustees are a150 reSkY)nsibie for safeguarding rhe ass$ of ihe Foundation and hence for iaking reasonable sieps for ihe prevention and deteciion of fraud and other irre8ulariiits. Statemtnt of d1$dosu of iDform2tion to Audilors In so far as the trustees are aware at the date of approval of thi5 tru51ees' reF. Ihere is no relevani audil infOrnlI0 of which the Foundation's auditors are unawaTe' and Ihe irustees have (aken all reasonable steps thai Ily ough( io have taken to make themselves aware of any rekvani audit informM>n and to estsblish ihai the Foundatk)n's audrtors aware of thai informatn. This conftrmaiion S 8iven and shoukl be interpreied in accordaftce wh the provision5 of section 418 of the Act.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITEf) B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COM PANY REGISTRATION NO. 08636434 TRu%fEES' REPORT FOR THE YEAR ENDED 30 APRJL 2022 (CONTINUED) undeAent auditors The independenL auditors. PrrewaierFK)useCooprrs LLP. hav¢ indicated their willingness io E¢ reappointed. Approval Approved by the trustees on 18 November 2022 and signed on their behalf by Franz Ranero. Frani Rantro Tr[eC Direclor Dale.. 21 November 2022
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHAIUTY REGISTRATION NO. 1153738 COM PANY REGISTRATION NO. 08636434 Independent auditors, report to the members ofThe Allen & Overy Foundation Report on the audit of the financial ststements Opinion In ouropinion,TheAllen & Overy FoyThlation's fmJncialsia¢nrnts (Ihe-fuTraKialsionents")'. zivea true andfairvicvof thestateofthe thAritablettrnpatty's&ffairsasat3OApril 20Y2andof bt$ inc1£ Tesource5 andapplic4tnofresoJrC£S?nCld8ItsIntanelneXpeTl1U1e,ad tash flLws, for lh¢ y¢r thth ed¢a.. havebew) proT]Ypreplrd lnaccordaewlth Unital KinBdun GeDeral)yActet¢ed Acwunting PTactice{United Kin&lun Accounting StaTh1ards. c(mprtsiftg FKS 102"Tr Finatwl Reporting SiandaTd applicablein the UK8nd Republicoe Iieland".and applicablelaiyl." and havebeen preparal in •(Tr¥dae with therequirementsof the C(mpanitsAct2006. Wt have audited the financial statements. indudoj within the Annual Report a nd Fina1] 5taments Iihe 'Annual Keport").which ecffjpri5e'. thestatemeni offinancial pJsitiim as at3OApri12022.' thestatunentdfifta1aj activitie5 (including Iheinc(qneand expendiiure account).thestatemwtofcash fiv5 fc theyeartheTh ended., and the notestothe finatKial slaternwls.which indude a destriplionof si8nifi¢ant a¢cwniin8poIicits. Basis lor opinion We ¢onduaaJ our audN in accordance wilh IniemaiKTrnal Siandwts on Audiiing (UK) C'ISAS (UK)") applicable law.(rresponsI iliiie5 urvjw ISAs(UK)are nherd¢s)edinrh¢ Audi10, r¢Ss111ff ie5 forthe audit of lh¢ finan¢ial siatemtnts $eaKJn Of our rtpon. We betheve lh¥ iheaydi eypjerfewe have 0ixa11 IS Sufflent and approwmte ioptov¥Jeabasis foroyTopuiK)n. Independence We Mained inde1 ofthechafAaJlecoryianyin aCCorthn wiihiheethKalMIuireslhalare rek¥atX ioouraudii ofihefinancialsithrnts in theUK,whxh tiicluthsiFRC'S ELhicalSiantsd andwe have fvlfilbj uroihcrethiea1resprm5)ilXles in accoTthntt with iheserequirements. Con¢lwsions rela11 to goine concern Based on the WOTk we have perforTTrd, we have noi idemifKd any uncffiainlie5 rrhring to eVts ¢ ndiiiolls ihai indivKiualty or coueciivety, ¢asT S]gnIfan1 the charitajk cortyany's ability to COnLin as a goingcorKm fora perK)dofai Iennih$ from¢hedaieon hIherMacIy1sianMts areAUthors1 fori5SU In auditrng ihe fmancr41 siatennts, we h•Ye ¢onchLthdihai the tNsiees' use of the going ¢on¢an basis of ac¢ountryig ihe preFvrJMJnofihe fnancialsiaten%nis is appYowMI How¢veT, be¢ause Arrt all futur¢even¢s orcoTh¢rS¢an be prEdKk4ihts cffi¢tusK)ni< noi agUarnntee4s the chatiiabie c¢)nwaAy'sabilily locon(tha$ ag0in8cortem. Our Yesponsibiliiies and ihe re5P(rtsknilities of ihe iNses wlh sPeCt io going con¢em are descnknj i) rhe relevanrseaiDnsofrh6report Rew)rting on oiher inform4t*)• The otheT informaii(x) conwjrises all of the infomxiith in the Annual Report oihs ihan ihe fartIal strterT8 and our auditors. report Ihereon. The inJsLeos art rtsportsibk for the other llifomuiK)n. (r opiniort on the fmancialsiaienxntsdoe5nolcoveriheoiherinfornmianIac0jlgty. wedo nLN e4)ssanaudit opinionor. exep( TOtheeAeni oihuwtsee4)krtty s(aied ihi5 p,anY fo1rnofas5raThLt[htteffi.
THE ALLEN & OVERY FOUNDATION (A COMPANYLIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 115J738 COMPANY REGISTRATION NO. 08636434 Independent auditors, report to the members of The Allen & Overy Foundation (eontinued) Rtixirling on other inf0matn (ton¢iDyed) In connecth)n wilh ouraudit ofihe financia15t&artnts, ourTeswsloily is ioread the otherinfomlliion athi fft doiTr8 $0, consider wthether ihe other inforrr01ion i% matewialty incoffji51trrt wilh rhe financial Sfatennts ty our knowkdge obiwned in ihe audA. or oiherwiseappeaTS io be maierialty mi5siaied If we idenify an app21 nmteml inc0nsisieYQr4IeTU1ml5slleDn1, weare required iop¢rfom)procthr¢5 10 ¢de ¥thah¢rthaE a n¥ier41 mi55Tai¢nrniofihe fmanw15ranrntsora m)i¢r4lmi5514ienrn¢ofihe oih¢r iifomw¢KTrn. If, based on ihe work we have perfomyd. we conchth ihai ihere is a nYierMI mi55raiemeN of ihi5 Oth tnfornDth)n. wearerequred io report iha facl. Wehave nuhingio ba5oJonth¢5e re5py6ibilttie5. Based on owworkunthrtaktn in I¢0e0r(heaUd.1tC0rwantsA 20LreqUiresU$a1s0iOttpCrf ceffai) opinionsandrnartersas dwnbal below. Trusiees, Repon In our opinion, based on ihe work undss¥aken in the toutse ofthexudit the infonn&tTr given in ihe TnL%tets' Report. for iht fmancol year for whtch ihe fmanckl siatennts are prepad is consi4iaM with ihe fmancbal staienrnts. and ilrTw545' Repory h&sbeeopreprEd in accordaKewiih 3ppIKatrk kgaI9rnyrtt5. In additn. i) lightofihe knowkdgeavml UndusialfiS ofihecharnablecompany and lis environnrntoto•%d the couTheofilrawJii,we are requwedtorepm ifwehabt MI11fiEd anymiterwlm5Unrntsin ihE TNste' Report. We hayenothingio r¢pM in th ff5pecL ResrKJnsibilities for iht finanEi41 slatements gnd tht audii Respon$bi ibiRs of ihe irusiees for ihe fmancol stsiements As explained nre fvlty in the Stattrnt0f iru5ttes' re5EKxsibiliiies in res of ihe fLnancial statertnts, the injsiets (who are also ihe dwecl((s of the charitable conyw for ihe purp)ses of ccffjwany law) are resp(b forihe preparauonofihe fmarKialstrw¢nis in acc(YthrKewiih iheapplicabie fr¢wo1kandrorbeing5&1Sf¥J Ihatthey give a irueand faiTview.The tn)stee5 aaLSO[¢s&)rffjibk forsuch inianalcontrolas ih¢yd¢kmiin¢ 5 cressay to enable thepPtmn of fmancia15tatcnEntsthatare frEe from rrMltrRI InstalerIEnI,whetherdUe io fraud orenDr. In preparing the fina¥1$1nts.lh¢1[st¢tsOr¢Ic5ptyk ftirJ$seS$ui ¢h¥it¥t4e ¢oryy•y'$8bilty to ctsnt asa g0lngconTh4 di5ckisingasapplicable, tte1$readtogomgcOrt& and u$ingthegoing contan basis ofaccounfingunkssihe injsteseiihu llendi0 liquwla thechariiatAe convyor(OCca5e OraonS,0r have no realisii¢ ahernaiivtbuito doso. AlIorS, responsibiln for the audil of ihe fmanc¥l staiemenls IrobjeCtiveS att ioobtsin reas(Mwble&ssumte abrt whdherthefmaJ)cialsiaNMsas aivhok are fire fmm rnierial Misslaiefii, whethtr due 10 fraud oreTror, and io issue an audit(x5' report thai In¢deS our opuiDik Rea50nabk assurnnce 15 a high level of assumce. is a graTlet that an audit ccdducred in acccth wh ISAS {UK} will always delecta ffOterialmssiaienni whth ii eyisis.Mi551arrntscan ari5¢ frofflfraud or effor and are consider•J nBierial if, indivklually or in ihe aggrega< ihey could reasonabty be eypecied io inlluence ihe e¢0Ml¢0¢¢Is)rn%ofUsetsl8ketson basi%ofihesefmn¢olsi#•Ynts. 1weguknrities.inc1udingfraud,a insiantrs ofnoTr¢(rylianc¢wiih laws and rcgulations. We dest I lint wilh our responsibilit$, ouilinoj abo. to detect rnt¢Tial mi%staiements in speCI of IgUlarl15, licdItig frnud. The Cen1 io whKh our prn(tthYes a capabk ofdeteciing lffegulariis, bicluding fraud E detailed bEknw. Based on ouruThJttsldW@ of ihe chariiable c¢xry)any, idenliftd th prmcipal ri%k% of non•C(ry1on with laws and regutsiKTrlelItedio daTaproaicffl.enpbyTKniandtaYkgi8]aiior4andwe considffedrheemffli io which non-conwlian(¢ nughi have a mJieTvJleffect on ihe fmancBlsiaen*nts. We abocortsidaedih(c ond 8lai10$tha[ havea dreci ryaci on ihe fancIal$l41nts suth asihe Companies Aa 2((Ifj. 10
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARAIYTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 Independent auditors, report to the members of The Allen & Overy Foundation (continued) Res51b1]itles for th¢ finala1 5tstements and the audit (continued) Auditors. responsibilitiesfortheaudit of thefinancial statements (continued) We evalua¢¢dnMnagennI'5 incenDYesand opF¥ylunilis forfrdudukm rronryyulalic ofthe fmancialsiatmem5 (iThcluding the Ti5kofoverride ofcontruLs), anddeterrnined tha theprin¢pal risks were related io posting inapptopriatepumalenttiesio increase pmfii. inapw0priaiec01Ity)n ofrevenue andmanagenrnr in deiernilliing acc(ni]ngesatcs. Authi procethNe5 perf(rfnd incknded. Evalyalion ofih¢des]gnofnnagwtnt$ ¢(tro¢SI t0prty1 anddeciinrguLITiiie5; Discussi)nswi¢h manaEerrTh4 internalaudit andiniemal kgaltoUrL$ iitludingcor6iderntion of known orSUspdstte50fnon-C0nVj]Lfjllce wilh kaivs andre8u1arnS and frdud.. IdenTifying and iesiingunusualpumd en{rs. in panicukarih05epurrAlenrries poSij wilh an unusu a¢counl CO0110,. and Evaluaiing an4 where apFffOpTNaiéchaliengingasswrptandjud8ents tTOd¢ by in detennining $¥nifantact0UntillestiTfMles. There art Inhe( 1]ntailOnS lli ihe audit procedures des¢n1 abo. We a les5 likety io becoffK aware of insiances of nOn40lIaftce with laws and reguL7tr& ihai are noi ckpsety ff tsied to events and irdnsadlins refkcied in rmancl$lat¢nnts. A Lso. IherkofnOtderCrf1$ a Ir¥r¢rialtri55talenI dueto frdud & hightrthan Ihe risk of nor deaing one resulting from error, L5 frJud may involvedelberdteeorealrtni by, for ennple, f¢)r8ery orintenilonalmisptes1lat1oorihrollSh¢ol1Us A fvrtherdescrip1ionofourrespibIlits fwiheaudii ofthe fmanaa15tsEements 15 k)Lztedonihe FRC'S wd>sie at.. ffiYw.fvc.org.uklaudit(NsresportsTri >ilities. Thtsdesuiptvm fomts part ofouraudiior5' repoTL Use oFihis repori r¢port, including ihe opinr. ha5 been ptEpaTrd for and for the charrty's nners as a body accordance with Chapttr3of Part 16 of the Conyans Aci 2Cf6and forno oiherpurpc6e. We do noL in giving these opinion& accew orassun spXl5hIjrtY forany orheipurp05eorioany oiherpetsonto whom¢hi% re 15 shown oriniowhosehaThJ5 ll nBy COTTrsave Whe e¥Jff 55ty agrd by owpriorconsent in wriltslg.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYGUARANTEE) CHARITY REGISTRATIOIY NO. 1153738 COMPANY REGISTRATION NO. 08636434 Independent auditors, report to the members of The Allen & Ouery Foundation (continued) OIHFR REQUIRFD RfSfPRII COmnieS A¢t 2006 ¢xception retM)rti Underihe Companrs Aci2(KNSwe are Tequired io reprytto Y if. in OUTOPVIiDn.' wehave notobt•irt0]Itht informati(m and explanati¢JnsweTo4uirefor our audit-or
dequ#teattoJnting rrtwds haventhbeertkeoorreturns adequ*e lorouraudit havenot been rttthved
from br4nche5 Thotvisitedby u$. or ceTtain disck6¥rt$oltruste¢s' r•hurt¢TatM)rt$perfd bylaware not ( thefinancialstatemeThtsarenotin asreernentwith theartntinTe¢ordsnd returns. We havefjo exeptK)nsto ari5ingfromihis rtSP(ML%iJikny. Entitlement toexemptions Underiheconwanies Aci 20LhSwe requyed io report toyou if, in ourtspinTon,Ihe irnstets we#01 eniitb io: iakeadvanl8ge ofihe srnllcowpanies exn4)iK)n frompreparng a Sirntegr Report. We havenoexepiky to report ari8ing fromths TeswDsilylity. Brenda Heenan (SenitrStahLtoryAudil() for and on behalfof PriCewaterhtsJseCPers LL Chartered AttounlantsandStabJlcryAudiiors Belfast 22 Nth*mb¢r 2022
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANYREcisfRATION NO. 08636434 STATEMENTOF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2022 Total Lhresiritttd FuD(L 2022 Tot81 Unrestricted . Funds 2021 Income Donaiions and lega¢ic5 Iniere51 income ,525,114 .621.313 692 Tolal 1.525.754 1.622.005 nditure Charitable activities 1.773.403 1.487.961 Total 1.773,403 1,487,961 Ne¢ (eX$e)rIAcOrneaMd netmovement in funiLs for tbe year (247,649) 134,044 UnTrstrie¢ed Fund bJl*•¢es brought forward at I Ivthy 813 732 679,688 UTrrestri¢¢ed Fund balances urried fOrrd at 30 April 566,083 813,732 The noies on pages 16 to 26 are ti)iegral pan of ihese fJrwKiai sla1nIS. Th¢ FoundalK has no rQgniSed gains and k)sse5 Other ihe Tesuhs Above and iherefore separate stsiemeni of iotal changes in equily s presen(ed. All income and expenditUTe 15 derived from coniinvD)8 actiVilf5 is constilered to rc]ate ro unrestrKled funds. The net movemeni in funds of the Foundation for (he year was q247.649}{2021: £134,0441
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B Y GUAIiANTEE) CHARITY REGISTRATION NO. 1153738 COMPANYREGISTRATION NO. 08636434 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2022 2022 2021 )¢e Current wssets Debtors Cash at bank and in hand 83,217 492.866 265,841 614,891 Tot81 ¢orr¢Dt assets 576.083 880,732 CurrnMt1Sibillties Creditor5.' amounts falling due wiihn one yeaT 10 (10,CN)O) (67.000) Net current 85sel$ 566,083 813,732 The funds of the charity UnrestrKted income funds 13 566.083 566,083 813,732 813,732 Total charityfund5 The rleS on pages 16 10 26 are an integra] pan of these fmancial stsiements. The fmancial 51atements have been prepared in accordance wilh the provisnS relating to small companies under Part 15 of the ki. Th¢ fmancial statement5 on pag¢s 13 10 26 w¢re approvol by the trustees on 18 November 2022 and signed on Ih¢ir behalf by Franz R?r0. Franz Ranero Trustee Director Date: 21 November 2022 14
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANYREGISTRATION NO. 08636434 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2022 2022 2021 Note Cash (outnow)linfk)wfTQm operating activitie5: Nei cash {outflowyinlknw fM operaiing activilie5 11 60265 122025 Change in cash and cash equivalents in ihe reponing perpJd Cash and cash equivalents at ihe beginning of the reporting per (122,025) 614,891 60,265 554,626 Cash and ¢a5h ¢qvivalenis & ihe end of the reporting F%ri1 492,866 614,891 Cash eash equivalents Consists of: C&%h ai bank and in hd 614 891 Tot21 eash atsdsh equivalents 492,8 614,891 The notes on page5 16 10 26 are an integral part of these fmancial statements.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYCUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED30 APRIL 2022 GF]¥IAL INFORMATION The Foundaiion ivas established to provmle donaiions for the benefrt of any one or moTe quatifying charities. Funds are generated through donaln$ from Aln & Overy LLP partnets. The Foundation a private company limited by guarantee incorporated in th¢ United Kingdom and registered in England and Waks ivith lis re8isiered offKe at One BÉshops Square. Lond( EI 6AD. SiiMMARY OF SIGNIFICANf ACCOUMING POLICIE5 The principal accounting [K)IleS applied in ihe preparatn of these financial statements a sel oui below. Thesepolicie5 have been consistentty applied toall of the years presented, unlff)S otherwise Stated. Basis of preprgtio These fmanci71 siatements have been prepwed in accor(knce ivith the kr, Charitie5 SOPP UK GAAP. including FRSIO2. The financia] ststements haye been prepared under Ihe hi510Tical c05t convention. The preparaiion of fmancial siatemenis in conformiiy iviih FRS 102 requt5 the use of cen2lll critical accountvig estimaies. It also requires the irustees to exercise their judgement in the proc&ss of applying accounting poli$. The ar involving a higher degree of judgement (r compkxity. or are85 where assumptp)ns and esiimates are si8nificani to the fall1 sts*ments, are disclosed in note 3. Going concern Thetrust¢es havea Teasonabk expeciaiionthaiihe Foundalionhas adequaie financial resour¢¢9 to meei it5 operatK)nal needs for a perwjd of ai ka51 12 months from the date of approval of finarKial siaiemenis. The trusiees iherefore coniinue io adopt ihe going concern ba515 in preparing these financial staierrients. IncomiDg resources Income ks recogni%ed ivhen Ihe FoundaiK)n has eniittemenl to Ihe funds. any performdrte cond>ti0115 altached io the item5 of income have ien mel it 15 probabk ihal the (oMe wdl it rcIv¢ and th¢ amount can be measured reliabty. The5pecifK basi5 usd i5 a5 foMgIVS.' Donations and kgacr5 DonalnS aThJ kgacies received by way of donalions, gifts and gifi axl ro rhe Foundalion is included in the statement of fmanctsl aciivitiC5 5a out on page 13. 16
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYCUARANTEE) CHAtUTY REGISTRATION ]YO. 1153738 COMPANYREGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 {CONTINUED SUMMARY OF SIGNIFIC ACCOUM1 POLICIFS (COMINiJFJ)) ID¢oming resourees {eotiDwd) DerK)sii iiieresi OeFKJSii InreSt i5 accounted for on an accruaLs b&sis and crediied to the unrestrKied furnl. Ftsnd aeeo¥n¢ing ' Unr¢slricied incomeJunds' referred to the 5t&e4nent of rmla1 position on page 14 are donatK)ns and other incoming resources ceiVed or ge[rated whKh are exndable at discreiwjn of the FOundatn in ftsrtherance of its obFctives. nditure 'Charilable oclivi1i. (see note 6) are accountttj for when the Irustets (or memLrs cltt su0mmittees) have approved the fuTrJing appIaln and the recipient of the grant has be noiified. Governance costs inclwje those inCUrd wi the govemance of the FouThlation's assa5 and are &SSLKHied wilh constilutK)nal ststutory and slrdtegK requiremenls. Other receival (hher receivabks are iniiffj ¢08nsed ai foir vah ond subsequentty carrrd at amorti5a cost and rejuced for estimated irrecoverab amounis. Cash andcash equivalents 'Cash undcash equivalenls. referred u) ihe siatemffii ofcash tkiVS on page15 ¢h in hatKi, dcposiis hebj at call iviih banks her skn-ierm highly14uNJ invesiments ivth original maiuriiies of ihree months or kss. Oth¢T pNy4bles Other payables are initially Mred ai fair value knd subsequenity carried at arnortised c(st and reduced for discounts given by supplKTS. F4¢11 tobdiiies are derecognised when the liability is seiikd. Ihat is when the coniracied liability is dhscharged. cancelled or expires. Financial inslrnmeDts The FoundaiM)n clK6en to knpi SeCin5 I l and 12 of FRS 102 in respeci of ffftancial instruments. ic fmanckql &8sets. inc[Ing c&8h at bank and in hand. inttialty recogniscd ai transacii ple, unkss ihe arrangement consiiiutes a fmancing iransacii)n, where ihe iransac(ion is measurd ai ihe preseTIt vaiue of the futu receipts di5cwnted at a market rate of intere5L assets are sUbSeqlty carr*d 81 amortised cosi using (he effective inieresi meihod. 17
THE ALLEN & OVERY FOUNDATION (A COMPAIYY LIMITED B YGUARANTEE) CHAIUTY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEDJO APRIL 2022 (CONTINUED) SulliARy OFSIGMFICAKf ACCOUMING POLICIES (coiYlliYuFJ)) Finaneial instrnments (conlioued) sr fmncial liabilitrs. rKluding accruab, areiniiially recognisedaitransacin prKq unkn the arrangemeni ¢onsirfthes a fmancing IrarksaLtlo ivhere ihe debt instrumeni ts measured at the preseni value of ihe future recewts dlsciKJnij ai a mark¢1 rate of inieresi. CRIIICAL ACcOLNG ESIiMATffiS AND JuDGN15 Estimales and judgement5 are b&sed on hisioT*al ex)Kr¢e and other factors inchuling., expectatnS of future events that are beed to be reasonabk and constiiuie management'5 be51judgement as ai the date of ihe fancial sialements. There are no critral estimaies or judgements in applying ihe Found¥).$ cOurtIng Pol. DOlYATIO AM) LACI[S 2022 21121 Donaiiorts including amounts received via Gift ANJ .525.114 1.621.313 All inc4)me received was crediied 10 the unrestrictul fuNI. LELAL sfAIiS OF I7 CHARITY The Foundalwjn 6 a company lThiied by guaraniee and has no share capital. The liabilily or each menjber in the event of ivinding-up is limiied io £ l.
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) CHAIUTY REGISTRATION NO. 1153738 COMPANY REcisfRATION NO. 08636434 PIOTES TO THE FINANCIAL &fATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) CHARITABLE ACTIVI115 2022 2021 Access REht To Care Access Your Right Action Againsi FknnEer Action Tutoring Afghanistan And Central Asian Associarb)n Afrikids Ltd Alice's Arc AmaLa (Sky Sehool Limited) Ambilion Insiituie Arwnentekort Asociaci()n EspatloL* Contra Ei Ckncer Association Comite De Emergenckn PAil for ImmigratKJn Dethinees PArnardos Time 4 Me Befrienders WorklwKle Bellevilk Wix Academy Birbeck Un>versity of London Bh)ody Good Perd British Red Cross Cape Meniors Cara Friend Cea5efiTe CenlTe Ceniral England Law Cenire Cenlre for Miliiary Ju51iCe Cerebra Chari[s AKI Foundaiion Chiklren's Law Centre Christ Church Primary Lane PFA Citizenghip FOundatn Civil Liberties Trusi Cl&8s 13 CM) Coachbrighi Charitable Tnsi Community ktion For Refugee5 And Asyknm Seekers (Caras) Cont( A Family Dancers Career Developmffit Deaih Penaky Project 5,000 I O,(KK) 1.000 25,0(Kl 5.000 25,(KJ) 20.0(K) 50.0(K) 20,1)00 50.000 i 0.000 1.009 1.009 1.009 10.0 l O,C(K) 1.000 i 0.000 1,000 15.000 ?,000 i o,oc 50,OIXJ 25,0 25.000 3,(YJO i 0,000 125,655 3,0 l O,C(rf) 7.650 6,000 i 0,000 5,000 7,126 2.500 SO,(KKJ 376, 155 269.303
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) CHARITABLE A1vI]lES(ComlNuFD) 2022 2021 Sybioiol catrTiedfonwrd tkpaul UK Diver51ty Role M(MleLs Drive Forivard FoundaliDn Duke ithiversty Ealing Law Cenire Enabling Enterprise Fair Trials lniernalnaI Farm AfrKa FiouTi5h Nl Foresi Peoples Programme Fundacion Enireculturas Gavi COVAX AMC Gel Further Gi¥ing Impetus To Voluntary Efforts (Give India) Greenhouse Sports Grow Mentoring Hackney Migrant Centre Harrow Laiv Centre H&8ting5 Advice and Representaiion Centre Hekn Bamber Foundaik)n Hope and Fk)mes for CThildren Independent Parental Special FAIalKIn AdvKe Internatnal tAwyers ProFct InternatK)nal SeTrr Lawyers ProF£i Intouniversity Isjinon Law Ceni Jearni Sciences Cic Jenna Wilkins Foundai Just for Kids Law JUSTICE nship CareNI Law Cenires Neiwork L•iY For Lrfe Law For Life The Foundaiiori For Educaiion Lbe De PL)hun PrtTnary School tJ)e West Grove Primary School 269.303 J76. 155 51K) 10,000 7.020 25.000 i 0.000 10,OCM) 1,240 10,(MX) S0,IJ)O 9.560 50,0(K) 25,0 25,IX)9 lo,0 lo,0 5.000 5,500 7,5(K) 10,000 430.383 i o.o(K) 373.787 i 0.000 i o,o(M) 10.000 10.coo 5.000 5,000 i 0,000 10.(MX) 3.333 25.(0 5.000 1.000 5.000 5,000 911. 797 977.502
THE ALLEN & OVERY FOUNDATION (A COMPANYLIMITED BYGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) CHARITABLE AalVIIIE5 (COMINUED) 2022 2021 Subioial ¢arriedfoTword Ixarning With Parents Lew6ham Refugee and Migrani Net¥vork London Legal Supwrt T1 Madeline Mcmilkn magg.$ Barts mag &eakf1 Maierniiy AciK)n Mental Fkakh Innovaln5 Mental Fkakh IJK Merseys#le Law Cenire Migrant5 Organtse Migrant and Refugee Thiklren's L£ga] iknit Migraieftsl Moihers 2 Moihers {UK) Lid Mondo Challenge Foundation Norfolk Communiry Law Servtce North &i5tol Advice C¢nlTe North Kensington L2iY Centre NSPCC Regional Offe Or%vell Paniher5 Athletics Parinership FOT Children Pder Jones Foundaiion pl &J5iness Pkce2Be Plan UK Pohiver Power2 Prisoners. Advice See Protect Redihread Youih Refugee Legal sUprt Reprieve Rhondda Cynon Taff Samuel Cole Sands Fundrasing Sarah Whale 911, 797 10,0 10,0 10,O(x) -10,0 977.502 i 0,000 i 0.000 15.000 s,000 5,050 25.OCX) 10,OCK) 1,000 5.000 5.000 10,oco 10.o(M) 5,000 1,000 9.000 5.000 5,000 3,500 i 0,000 5.000 7.000 5,000 6.000 5.000 ,672 8.(H)O 5.000 5.000 i 0,000 i 0.000 10,0 5.000 5.000 250 1,057,019 I, Qpl, 752 21
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED BYGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 {CONTINUED) CHARITABLE ACTIVAIITrS (CONIIMJFD) 2022 2021 sublal¢01edonVard Save The Children SchookHome Support Seebeyondborders Shania Charles Sobciiors Pro &)no Group TIA Lawworks Souih Wesi London Law Cenire Southwark Law Cenlre SpeCifd Non Profit Corporat)n Kamonohashi ProFct Spiiaiflds Ciry Farm Spilalf1dS Crypi Trusi St Giles Trust Siem4 Siichiing MS Research Street Child UK Support Through Court Surviving F£onomic Takni Ed EducaiKJn The Access Pro1 The &illiani Club The Civil Libert$ Trust The E£onomisi EdUClOnal FoUnda1n The Girls. Network The Literdcy Pirates Th¢ Public IAW Project The RCJ Advice reaU The Redress Trusi The Siviichback Iniiralive The Turnaround Project The UK Career Academy Foundaiion Together For Sl)on Lives Tower Ham]ets &tsiness Partnership Lwniied Toynbee Hall Transwrt For All UN High Commi55ioneT for Refuge¢5 United Workl Schoo un1k Natw)nal AsSWi1tn 1,057.019 1.000 J,091. 752 10.000 50,0 -10,0 15.000 5,000 20,C0 20,000 10,000 1.009 5,(X)O 10,¢X)O 5,000 1,009 373,666 5,IX)O 5,000 i 0,000 i 0,000 20,0 5,0 6,000 9,000 5,000 5,000 5,000 50,000 10,O(K) 5,000 5,000 50.000 5,000 6,600 6,700 20,000 5,000 51.OC(I 1,000 5,000 1. 712, 493 6,700 20,1)00 75,(0 1,375, 052
THE ALLEN & OVERY FOUNDATION (A COMPAIYY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY REGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) CHARITABLE ACIIVIIIES {COMINiJED) 2022 2021 Subioiolcartiedfonvord reach Lkban Synergy Voice 21 Walkabout Foundation Why Me? UK Women for Women Inlernaiional Yajvee Kowkssur Young Ciii7£ns (FoTmerty Citiy£nsh¥i FoundatK)n) Young Roois Yu5ra SwJdKiue Zchaeus 2000 TTVSt 1. 712, 403 1,375, 052 i o.oco l O,O(K) 25,0(Ki 5.000 50,000 15,000 7,650 - i o,(rfx) i 0.000 250 25.000 25.(KK) Total gifis lo cbarities nk ¢harges ExndItre OD charilble act•vithes 773 403 ,773.403 1,487,961 COV&RNANCE AND OThFR COS]S Fees payable lo tk Foundai)n's wditors for tk audii of the Foundalton's annual fanCial statements have been bome by the ultimate parent undertaking for ihe years ended 30 April 2022 and 30 April 2021 .and are noi recharged. The fees borne by ihe ukvnale pare undertakmg were £1,568 for ihe year ended 30 Aprs12022 (2021: £1.500). The Foundation no efflpbyees and no payments of remuneraln OT expenses have been made to the trustees And thus key management coMns)n is required (2021.. £Nil). RELAIFJ> PARTY IIiAhSACIIONS All of ihe Irusiees are, or have been, members of Alicn & Ow LLP. In addition io what h$ been dtsclosed in noie 4 and ihe funds generated through donti)ns from Allen & Overy pariners. Alien & Overy LLP prov¥Jes supwrt services io the Foundaiion on a pro bono bass. Dtsrtiig the year. Allen and Overy partners donated £1.310,470 (2021.. £1,355.472) to the Foundation. Additional Gift Axl on parti*r don1)n$ in year thIkd £214.644 (2021: £265,841). There are no outstanding balances with reed partits ai JO ¥r11 2022 (2021. £Nil).
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 cOMPANyREGlRATl0N NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 {CONTINUED> DFBTORS 2022 202] Prepayments accrued tyKome 83,217 265,841 io. CRfjJIITORS: AUM5 FALLI DUE WIIHIN ONE YL4R 2022 2021 Accrual5 and deferred income i 0,000 67,1)0 )TES TO IHE STAIEMENT OFCASH FLOWS Net cash (oufflom)liofAow from operaling activi¢•e5 2022 2021 Net (expense)fm¢ome for ihe year iusiments for: Moyement in receivabks Movement u) payabks (247.650) 134.044 182,625 57.000 (106,279) 32,500 Cash {outllow)liNlknw from operatlll8 activit•e5 (122,025 60.265 Net deb¢ an4lysis Asat IY 2021 Cash flows AsAt 30 April 2022 Lash and cash equivaknts 614,¥91 (122.U25 4Y2,866 Tolal 614,891 (122,025) 492,866 24
THE ALLEN & OVERY FOUNDATION {A COMPANY LIMITED B YGUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANY RECISTRATION NO. 08636434 NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 (CONTINUED) IITS TO IHE STATEMENT OFCASH FLOWS (CONnNUED) Asal Jhtsy 2020 Cash flows Asat 30 April 2021 C&sh and cash equivaknt5 554.626 60.265 614.891 Toial 554.626 60,265 614,891 12. TAXAIION The FoundatM)n a regi51eTed charity and a5 such 15 exempl from liYal¥)n on Is incom¢ and gains io ihe exieni thai ihey are applied io ils chariiabk purp)ses. 13. UNRLS7RIC INCOME 2022 2021 Atl May Totsl incoming re50urccs Tothl resources &Xped 813.732 1,525.754 (1,773,403 679,688 1.622,005 (1,487.961) At 30 April 566 083 813 732 14. ANALYSIS OF FUNDS Balan¢¢ 30 Awil 2022 Incoming resources Resources exnded 2021 TraDsfers iJnrestrled Income Funds 813,732 1,525,754 (1,773.403) 566,083 Total Ftsnds 813.732 ,525,754 (1.773,403) 566.083
THE ALLEN & OVERY FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) CHARITY REGISTRATION NO. 1153738 COMPANYREGISTRATION NO. 08636434 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 {CONTINUED) 14. ANALYSIS OF FUNDS (CONIINUED) Blantt BalAnee 30 Aprll 2021 Intomltsg resour¢es Resourtes eXn(d 2020 Trnnsfe unreStrled Income Funds 679.688 1,622.1x15 1.487.961 813,732 Total Funds 679.688 .622.005 1,487.961 813,732 LIABILITY OF MFMBEJIS Pursuant to the Memorandum and AnKks of AssociaiN)n of the FoundatK)n ihe liabilily of its members is limiied to an amount not exceeding £1. I& GRA COMMIIMFM5 During the financial year. Ihe Foundl0grantj donalnS of£500,000(2021:£525,0(N)). Trc ioial balance ofgrant commitments at 30 Aprtl 2022 was £S75.Crf)0 (2021-. £375,OOOX payab in fuiLbre years s(rictly subFct io cer1dl condilions being met by ihe beneftciary. PJI of ihe benefic ories have ten informed. Grani commiiments are f)ded fmm wi¢ome genemal firyn ongoing xlivitkry and from reserves. where necessary. tY falldue. 17. FINANCIAL INsTrUmNTs 2022 2021 ittattcial assets held at amorti*dcost C&8h & bank and in harml 492.866 614,891 nancial liabilities hdd a¢ amortised eost Accruals i& ULTIMAIE PARFM iiNDFRTAKING The immediate parent, the ultimate eonlrouing party and the ultimale parent undertaking of i FourKlation 15 PJlen & Overy LLP. Akn & Overy LLP is ihe parent undertakingof the smallesi and largest group io iyhich the FouTrdain bebngs and for which consol¥Jaied fancl siatements are prepared. Copies of lh¢ consolklaied fuwicial $ements of Alkn & Overy LLP can be obiained fr(#n In-Fh)use Legal Alkn & Overy LLP. 68 Donegall Quay. &ifasi. ur13NL.