Charity registration number.. 1157330 THE ALBERONIVS FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2026 Inam & Co Ltd Chartered Certified Accounlanls 459 Green Lane Goodmayes Essex IG3 9TD
The Alberonius Foundation Contents Page Tru8lees' Report Indep6ndenl Examiner's Report statement of Financial Aclivrtles Slalemenl of Financial Position Notes to the Financial Statements 15 The lollomring pages do not lorrn part of the ststulory accounts., Oetsiled Slalement ol Financial Activities 16
The Alberonlus Foundation Trustees, Report For the Period 1 January 2024 to 31 March 2025 The trustees present their report and the financial statements for the peiiod ended 31 Mar¢h 2025. Objectives and Activitie5 Aims and Objectives The aims and objectives are lo promote ucation including Social and physlcal Iralning in the United Kingdom in such VrfBy5 as the charity trustees think fil. inclLJding by.. To promote education and provide financial and physical support lo student seeking further and huher educallon. To provide vocational skill to young people, To provide affordable student accommodation, Significant Actlvltles assistance in providing Ihelr education including to undertake travel in furtherance of that educallon, or lo prepare for entry lo any occupation or trade or profession on leavino any educational establlshment. lo advance the education of young people by providing and assisting In the provisSon of facilities for educatlon al the school. Publlc Beneflt A8 a charlty. we are asked by the Charity Commission lo consider whether our actwilies provide "a public benefit." The tru81ees have considered this matter. in accordance wlh the lalesl guidance. The 8oard of Iruslees believes The Alberonius Foundation's Services do provide a public benefit and Iher&fore justify our charitable slalu8. We have complied with the duty in section 17151 ol the 2011 Charrties Act to have regard lo guidance published by lh& Charity Commisgion and in pianning lulur8 activities. The Iruslees conliim that they have complled with the requlrements ol Sectlon 17 of the Charrties Act 2D11 to have due regard to the Chafily Commlssion's guldance on publi¢ benefll. Achlevements and Pertormance Maln AchleveFnenls Charitabl• actlvltles The charily ha$ provided accommodation lo male and female students flndlng difficult lo Ilve In London and to attend hlgher educallon. On average 2312023.'1018ludenls have benefited from the programme. Fund ral$lng All funds raised were from Indrildual8, and donations from a charlly, Hasene Inlernallonal e.v.. Germany. Golng Concern The Iruslees have a88e68ed the charity's ability lo continue ptssl balance sh¢el date and concluded that there are no material ri8k. and the harily wi51 be able lo meet ils liability as they fal5 due. Long accountlng perlod$ Th$ financial statements presented cover an extended accounting period of 15 months ending 31 March 2025. This longei reporting peiiod was adopted due to alignment wlh operational cycles. As a result. the comparalbve figures shown lor the prior period reflect a standard 12- month period and are therefore not directly comparable w4lh the current perlod's results. The trustees acknowledge this difference and advise readers lo consider the length DI thè reporting perlott when reviewing income. expend(ture. and other performance Sndicalors.The Iruslees ale satisfied that the accounts provide a true and fair view ol the charity's financial position and performance, and that apprvpriate di8e105urès have been made lo ensure transparency. Firbancial Revlew Flnancial Position The financial resLJlts ol the charity lor the period ended 31 March 2025 are fully reflected in the attached Flnancial Statements together vlth the Notes thereon. Income from donations and charitable activities for the year amounted to £180,75912023'.£191.4811. Total resources expended wa8 £192,62312023'£161.8371 resulting Sn a net deficit lor the year by £11,86412023'. Surplus £29,844). ..CONTINUED Page 1
The Alberonius Foundation Trustees, Report (continued) For the Period 1 January 2024 to 31 March 2025 Flnanclal Posltlon - continued As menlioned above, the charity has recorded a deficit of £11,864 in ils general lunreslrictedl funLI. This outcome reflects use of our reserves to sustain the Core charitable activities amid fluctuating income streams. The key cost drivers Mthich led to incre&sed expenditure were, particularly in sludent support and outreach activities and one-off costs of £4.160 as compliance upgrades and infraslruclure improvements. absorbed by the general fund. As al 31 March 2025, the charity has total unrestricted funds 01 £33,02912023'.£44,8931. Al the major activities of the ¢harty were carried out by the volunteers and Iruslees. Reserves Pollcy The Iruslee5 consider, the reserves held are sufficient tts conllnue the charllies activty In future years and any shortfall is supported by Hasene International e. V. Germany. Taxation The Trustees are Of the oplnion that as charf(y, the organlsalion Mll be exempt from taxats'on under the provlsions ol the income and corporation Taxes act 1988. Golng Concgrn The trustees have assessed the charity's financial position and fLrture plan5 and conslder that there are no material uncertainties about the charity's ability lo continue as a going concern. The accounts have therefore been prepared on a going concern basis. In making thi5 as8essmenl, the trustees have revlewed the charity s reserves. cash ffow forecasts. and expected Income and expendrture for the next 12 months. They are satisfied that the charity has sufficient resources lo meet its obligallons and continue its activi118S. Future almj and plan$ Tho charity aims lo broaden Ils educational and oulreaGh athvllles over the coming year.. building on ils commftment lo public benefit and knOedge dis$eminalion, the Iruslees intend lo., Ctsnlinue our commitment to empowerina youno people in their educational journey. The Alberonius Foundation is proud lo provlde accommodation 8UPPOrt lo students. We recognise that stable hou81ng is essential lor aoademic success. personal wellbein9, and long-lerm pportunity. Through our sludenl accommodation inrtialive, we offer,, subskdised housing for students from low-income backgrounds and prlority placements for those experienclng hard8hip or displacement. Organlse workshtsps and public talks lo promote dialogue, learnlng. and community engagement around key themes relevant to the charity's mission, Establish outreach programme wqlh UK universili&s to foster sludenl inlera¢tion. including gueEt leclureÈ, collaborative events, and opportunitles for volunleerlng or research engagement. Explore partnerships with aoademic In81ilulions to CO•hosl events and contribute 19 curriculum enrlchmenl wherè appropriate. These ini1181ives are designed to enhance the charlty's Impact, support rt$ strategic goals, and 6trenclhen ils presence wlhin the academlc and student communities across the UK. structure, Governance and Management Governlng Document The Alberonlu8 Founrsation 16 a Charrtable Incorporated organlgation ICIOI and registered wrth the charrty commlssion on 5 June 2014. The charity trustees are responsible for the general ¢onlrol and management tsf the charity. The trustees give Ihelr time freely and receive no remuneration or other financlal benefit8. The Iru8lees meet together as a body when and as requir$d and are responsible for all decislons taken in relation lo running the activities provided by the charlly. To assist in the smooth running of the charity the IrLJslees have sel up a lead team of volunteers that help oversee ¢ert3in aspects of the charrty's work. Currenuy the lead team is responsible for running various weekly adult classes and lectures, seminars. workshops. mentoring progiammes elc. mainly from a hired community hall. Regular feedback is given to the trustees for review and approval. Recrultment and appointmerbt of new trustees The existing trustees are responsible lor the re¢rurtmenl of new Iruslee5 are selected from the respecterj members of the faith who are active in the local Community and the work that the trust does and who ensures that good relaliong are f0tsteredbeten the charrty and the people of the Icical community that il Seets. ..CONTINUED Page 2
The Alberonlus Foundation Trustees. Report (contlnued) Forthe Period 1 January 2024 to 31 March 2025 Governing Document- continued In sele¢tinu new trustees, we seek to identify people who are active and are willing to volunteer lo help in our broader community work. Potential trustees wll be given more details of the chartlys aims and activities and followqng induction pericd. if all agree, they are then proposed as new Iruslees at the subsequent Irusl6es' meeting. This process allovB due consideration of the person's eligibility, personal competence, specialist knowledge and sknlls. Induction and training of new trustees Following appointment, new trustees wqll be introduced lo their new role and ar¢ requested to familiari8e themselves wrth contents of the trusts constitution and lo the pO1cleS PFocedure5 adoplecs by the charrty. They are also iequesled lo read a number ol publications from the Charity Commission lo ensure that they are aware ol the scope ol their responsibilities under the Charities Act. The new Iru$tees will work with existing Iruslee assisting on particular activities and projects run by the ¢harily. Once ¢onlidenl they will then be given the task of leacllng a perticular adlvily or project as necessary. Rlsk Management The Iruslees are responsible for ensurlng that the chanly identifies and manages the Major risks to whlch 1£ is exposed. To this end. the charity has established 8 formal risk assessment process that is reviewed regularly lo ensure its effects'veness. The trustee¥ have considered the prlncipal risks and uncertaintie¥ facing the charlly and have implemented appropriate systems and procedures lo miligale these risks. These include financial controls, safeguarding policies, data protection measures. and governance protoco15. Rlsks are assessed in terms of their likelihood and potential Impact. and miligalion strategies are developed accordingly. The risk register ig revlewed at Iru$lee meetings and updated as nece55ary to reflect changes in the charity s operating environment. The trustees are satisfied that the systems In place are adequate lo manage the charity's exposure lo risk and 8UPPQrt the achievement of its objects'ves. Volunteer8 The Iruslee8 wish lo expres$ their sincere gratitude lo the volunleers who have Contributed their lime, Skills, and commitment lo the charity's work during the year. Volunteers play a vital role in supporting the delivery of our services, enhancing community engagement, and extending the reach of our charitable aclivilies. During the year, volunteer8 assisted In a wqde range of functlons including such as 'evenl Coordination, admSni81ralive support, rnenloring, fundraising, and QLJtreach. Their ¢ontribulion$ have enabled the charity lo operate more effectively and eificienlly, often providing specialist knowledge and local insight that enrich our programmes. While the value of vtslunteer Ilme18 not reftecled in the financial $lalem&nts, the tru51ees recognlse its 5ignilicanl impact on the charity's operations and oul¢omes. Page 3
The Alberonlus Foundation Trustees. Report (continued) For the Perlod 1 January 2024 to 31 March 2025 Reference and Administrative Dgtails Trustees R Gokce M Gungordu U Bilaloglu Charity Number 1157330 Prlncipal Addre$$ 399-401 High Road London N176QN Independent Examlner M l Ullah FCCA Inam & Co Ltd Chartered Certified Accountants 459 Green Lane Goodmaye$ Essex IG3 9TD B4nk8f Barclays Bank plc Leleeslei Page 4
The Alberonius Foundation Trustees. Report {contlnued) For the Perlod 1 January 2024 to 31 March 2025 Post Balance Sheet Events At the lime of approving this report, no other significant events have occurred that require adjuslmenl to the financial statements or further disclosure. statement of Trustees. Responsibilities The Iruslees are responsible for preparing the Trustees. Report and the financial statements In accordance with applicable law and United Kingdom Account1r Standards (United Kingdom Generally Accepted A¢¢ounling Practicel. The law applicable lo charities in England and Wales reouires the Iruslees tu prepare financial stslements for each financial year which give a true and fair view of the slate gf affairs ol Ihe charity ancl of the inceming resources and application of resources ol the charity lor that period. In preparing the financial statements the Iruslees are required lo. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgrnents and accounting estimales Ihat are reasonable and prudent.. and prepare the financlal statements on the golng concern ba518 unles8 il Is Inappropriate to presume that the charity V11 continue in busine88. The Iruslees are respon8ible for keewng adequate acctsunling record3 which disclose wth reasonable accuracy at anytime the financial position ol the charity and to enable them to ensure that the accounts comply wllh the Charrties Act 2011, the Charity (Accounts and Report81 Regulations 2008 and the provisions ol the Irusl deed. They are also responsible lor saloguarding the assets csf the charity and hence for taking reasonable steps for the prevenllon and detection of traud and other irregularilles. The trustees, report was app ved by the board ol Iruslees and 8lgned on Ils behalf by.. M Gungordu Trustee 1211112D25 Page 5
The Alberonius Foundation Independent Examlnerfs Report to the Trustees of The Alberonlus Foundatlon For the Period 1 January 2024 to 31 March 2025 I report to the trustees on my examination of the accounts of The Alberonius Foundation Ilhe Trust) forthe period ended 31 March 2025. Re$pon$ibllltfe$ and Bas1$ ol Report As the charfly INslees ol the Trust you are responsible for the preparation of the accounts in accordance wth the requirements of the Charf(ies Act 20111"Ihe Acl'l. I report in re8pect of my examination of the Trust's accounts carried out Ljnder section 145 of the 2011 Ael and In c8rrySng out my examlnation. I have followed the applicable Direcliohs given by the Charity Cornmission Lknder sedion 14515llbl ol the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connedion wth the examinallon giving me cause to believe that in any material respect.. accounting record8 were not kept In respect of the Trust as required by section 130 of the Act., or 2 the accoLinls do not accord with those records., or I the accounts do not comply wlh the applicable requlremenls ¢oncerning the form and contents ol a¢counls set out in the Charities (Accounts and Reports) Regulations 2008 Other than any requirement that the accounts give a 'lrue and fair view wthich is not a matter Cons&re as part of an indfypgndenl gxaminalion. I have no concerns and have come across no other matters in connection with the examinallon lo whlch attention should be drawn in this report in order to enable a proper understanding of th8 accounts lo be reached. M l Ullah CCA 1211112025 Inam & Co Ltd Chartered Certifieol Accounl8nl$ 459 Green Lan8 Goodmayes Essex IG3 9TD Page 6
The Alberonlus Foundation Statement of Financial Activities For the Period 1 January 2024 to 31 March 2025 31 March 2025 31 De¢embei 2023 Unresti5¢led Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable actwilies.. 20.789 36,677 Turtion fees Charilablg activity 17,262 142,707 26,5 128.298 180.758 191,480 EXPENOITURE ON.. Raising funds Charitable actlvilies.. Charitable activity Others 16,e791 15,5001 120.8021 126,5691 1164.9411 1129,7681 1192,6221 1161,8371 NET IEXPENDITUREIIINCOME 111.8641 29.643 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS.. Total funds brought fopNard 111,8641 29,843 44,893 15,250 TOTAL FUNDS CARRIED FORWARD 15 33.029 44,893 The notes on pages 9 to 15 fom part of Ihe¥e fj'nancial sl8tements. Page 7
The Alberonius Foundation Statement of Financial Position As At 31 March 2025 31 March 2025 31 December 2023 Unie$trl¢ted Total fund$ funds Notes FIXED ASSETS Tangible Assets 12 15.416 23,702 15.416 23,702 CURRENT ASSETS Cash al bank and in hand 22.107 23,691 22,107 23,691 Credltors.. Amounts Falllng Due Within One Year 13 14,4941 12,5001 NET CURRENT ASSETS ILIABILtTIESI 17,613 21,191 TOTAL ASSETS LESS CURRENT UABILITIES 33.029 44,893 NET ASSETS 33,029 44,893 FUNDS OF THE CHARITY Unreslricled Funds 33,029 44,893 TOTAL FUNDS 15 33,029 44.893 On behalf of the board J/IM M Gungtsrdu Trustee 1211112025 Thè notes on pages 9 10 15 form part of thes? financial stalemants. Page 8
The Alberonius Foundatlon Notes to the Financial Statements For the Period 1 January 2024 to 31 March 2025 1. General Informatlon The Alberonius Foundab'on is a charitable incorwraled organisation registered wlh the Charity Commission. registered chaity number 1757330. The principal addres8 Is 399401 High Road. London. N17 6QN. 2. Accounllng Pollcies 2.1. Basls ol Preparation ol Flnanclal Statemonts The financial statements have been prepared in accordance wilh the Charrties SORP IFRS 1021 Accounting and Reporting by Charrties.. Slalemenl of Recommended Praolice appllcable lo charrties preparing their accounts in accordance wqlh the Financlal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Éffective 1 January 20191 Financial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Rèpubllc of Ireland, and the Charities Act 2011. The charrty is a Public Benefit Enlily 89 defined by FRS 102. The presentation curren¢y of the financial Statements is the Pound Sterling (£1 which is also the functional currency. 2.2. Fund Accotsntlng The chadlie8 funds are 5pIS1 beeen reslricled and unrestricted. Unre8lrlcled funds.. All general donallons are re¢ognised as unrestricted unless specifically staled by the donor. Unreslrieted funds comprise the accumulated surplus or deficit on the slalemenl of financial activf(ies which are available for u8e al the dis¢relion of the trustees in furtherance ol th8 objective¥ of the charrty. Restricted funds.. These are assigned by the donor. or the lermB of the appeal. specified by a partl¢ular Country or prolecl. The donallon and income derivin9 from them will be tJ$ed in accordance wlh the 8pe¢ifiG purposes. Further explanation ol the nature and purpose of each fund18 Included in the notes to the linanclal 8lalements. 2.3. Incomlng Rosourceg Inc¢me Reoognition Income is recognised in the Statement of Financial Activities ISOFAI when the charity is enlilled lo the income. receipt is probable. and the amount can be measured reliably. The foll10vng policies apply lo each material income stream.. Donallons and Legacies Recognition. Income 1$ recognlsed when received or when thè charlly has entitlement, recelpt 18 probable, and the amount can be mea8ured reliably. Legacles.. Re¢ogn18èd when probate is granted, the esl8le's value ¢an be rellably estlmated. and receipt is probable. Grant Income Restricted Grants.. Recognised as incomtt when the charty has entitlement and performance conditions are mel. Unresliicled Giants.. Recognised when awarded and recelpl is probabl8. Performance-relaled Grants.. Income 15 recognlsed as the charity earns the grant through service delivery or mlleslones. Page 9
The Alberonius Foundation Notes to the Financial Statements (continuedl For the Perlod 1 January 2024 to 31 March 2025 2.4. Resources Expended Liabilits'es are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. All expenditure is accounted for on an accruals basis and recognised where there is a legal or constrLJCtive obligation to pay. Expenditure has been classified under headlngs that aggregate all costs related to that calegory.Granls offered subject lo condrtions which have not been met 8t the year end dale are noted as a commitment bul not ac¢rued as expendf(ure. Cost ol generatlng funds Costs of generating voluntary income". The ctss15 Incurred in seeking voluntary income l fvndralsing. The costs incurred in seeking voluntary donations, Charltable actlvitles These are costs asgociated wllh Ihg provision of educalionllinancial empowerment and development of humanitarian programme8. 2.5. Tangible Flxed Assets and Depre¢l8tlon Tangible fixed assets are measured at Cost less accumulated depreciation and any accumulated impairment losses. Depre¢ialion 15 provided al rates calculated lo write off the cost ol the fixed assets, less their e8limaled residual value, over their expected useful lives on the following bases.. Leasehold Fixtures & Flttlngs Slraighl line over 5 year8 20Vo on ¢951 2.6. Cash and Cash EqLblvalents Cash ancl cash equivalents are basic financial assets and Include cash In hand and deposits held al call with banks, other short-lerm highly liquid inveslmenl¥ that malLire in no more than three monlhg from the dale of acquisition and are readily convertlble lo a known amount of cash wlh insignificant risk of change in value. and bank overdraft6. 2.7. Flnanclal Inslruments The charlly hold8 financial instruments solely in the form of cash al bank. These are classified as basle flnancial assets under Section 11 of FRS 102. Recognition and Mea8uremenl'. Cash al bank is initially recognlsed at ils nominal valuo and ¥ubsèquenlly measured al amortised cost, whlch equates to face value due lo smort-lerm and liquid nature. Classification.. The Charity does not hold any cDmplex financlal instruments such as derivatives, inveslmenl8. or loans. Cash al bank is held in standard urrenl and Savings accoLJnts with regulated financial institutions. Risk Managem¢nl'. The charity's exposure lo financial risks Icredil, liquidrty. and market riskl is minlmal due lo the nature ol ts financial holdings. Cash balances are monrfLofed regularly to ensure sufficient liquidity for operational needs. 2.8. Forelgn Currencles Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial p051tion date. Transactions In ftsieign Gurren¢ies ar& translated intts sterling at the rate ruling on the d8t8 of the transaction. Exchange differences are taken into account in arriving al the operating srU8. 2.9. Taxation As a charity, the company is exempl from income and corporation lax to the exlenl that its income and gains are appli¢able lo charitaL)le purposes only. Value added tax IVATI is not recover3ble by the company and Is therefore included in the relevant costs in the slalemenl ol financial activities. Page 10
The Alberonlus Foundation Notes to the Financial Statements (contlnued) For the Period 1 January 2024 to 31 March 2025 3. Income from Donations and Legacies 31 March 2025 31 December 2023 Unrestricted UnTestrlcted funds funds Donations and gifts 20,789 36,677 4. Income from Charltable A1vItIeS 31 March 2025 31 Decembpr 2023 Unrestrl¢tsd funds Unr&$trlctsd funds Tuition fees.. Education support Charitable aclivily. Hostel accommodation 17,262 26,505 142,707 128,298 159.969 154,803 5. Net IncomellExpendltui¢l The net lexpendrtureyincome is staled aftor chorgingllcredi1Sngi'. 31 March 2025 31 De¢ember 2023 Depfeclatlon of tangible Ilxed a$¥ets- owned Amorti8ation ol intangible fixed a55ets 3,286 5,000 1.925 4,000 6. Analys1$ of Expandlture 31 March 2025 Actlvitie$ undertaken dlie¢tly 18ee nolp 71 Support costs (see note 81 Total Raislng funds Charitae aclivty Othe 6,879 20,802 6,879 20,802 164,941 164,941 27.681 164,941 192,622 Page 11
The Alberonius Foundation Notes to the Financlal Statements (continued) For the Perlod 1 January 2024 to 31 March 2025 31 December 2023 Actlvities underlaken directly (see note 71 Suppoit Costs Isee note 81 Total Raising fund8 Charitable acllvrty other5 5,500 26.589 850 5,500 26,569 129,768 128,918 32.919 128,918 161,837 7. Dlre¢t C0515 31 March 2025 Charltable a¢tivlty Ralsing fundg Total Fundraising activille8'. Event adminlslrallve expenses 6,879 20,802 27,681 31 Decemb8r 2023 Charltablè actlvlty Ral$ln9 fund$ Other$ Tolal Fundralslng aclSvlties', Event admini8lralive expgn$e6 Employee cost8.. Wages and salaries 5,500 28,569 32,069 850 850 5.500 26.5e9 850 32,919 8. Support Co$ts 31 March 2025 Others Employee costs.. Travel and subsistence expenses Premises expenses.. student accommodations and lacilities Secur((y and maintenance costs General admlni$lralion'. Telecommunications Independent examinerfs lees Accountancy lees Depreciation.. Depreciallon ol fixtures and fittings Amorts"salion 94 150,000 3,415 500 7SO 1,896 3,288 5.000 164,941 Page 12
The Alberonius Foundation Notes to the Financlal Statements {continued) For the Perlod 1 January 2024 to 31 March 2025 31 December 2023 others Employee costs.. Travel and subsistence expenses Premises expenses.. Student accommodallons and facilititss General administration.. Printing. postage and stationery Telecommunications Independent examiner's lees Bank charges Depreciation,. Depreciation ol fixtures and flttlng8 Amortisallon 1,233 120,000 123 578 1,044 15 1,925 4,000 128,918 9. Independent ExamlnOT'S Remuneratlon 31 Mafch 2025 31 Decomber 2023 Independent examination of the financlal stalemenl$ 750 1,044 10. Statt Costs Staff costs were as follows.. 31 March 2025 31 December 2023 Wages and salaries e50 No employees recelved employee benefits lexduding employer pension costs) for the reportin9 period Df more than £6D,000. 11. Averoge Number of Employees Avera9e number of employees during the period wag.. NIL12023'. 11 12. Tangible Assets Land & PropeTty Leasèhold Fixture5 & Flttings Total Cost As at 1 January 2024 2Q,000 13,145 33, 145 As at 31 March 2025 20,000 13,145 33,145 ..CONTINUED Page 13
The Alberonlus Foundation Notes to the Financlal Statements (continued) For the Period 1 January 2024 to 31 March 2025 DeprlatIOn As al 1 January 2024 Provided during the peiiod 4,OOCI 5,000 5.443 3.286 9.443 8.286 As al 31 MaT¢h 2025 9.000 8,729 17,729 Net Book Value As at 31 March 202S 11,000 4.416 15,416 As at 1 January 2024 16,000 7.702 23,702 13. Credltors.. Amoun1$ Falling Due Withln One Yeaf 31 March 2025 31 December 2023 Other ¢reditors 4,494 2.500 14. Other Commllmonts The total of lulure mlnimum l¢ase payments under non-cancellable operating leases are as lollovdng.. 31 March 2025 31 D¢eombèr 2023 Later than five years 120.000 120,000 120,000 120,000 The charity occupies premises under an operating lease agreement for the use ol rooms that support ils core charitable activities. The lease is held in the charity's name and relates to its adminislrallve office spsce, hostel accommodalionè and meeting rooms used for programme delivery and adminislralion. 15. Movement In Fund$ Asat1 JanLsafy 2024 As at 31 March 2025 Income Expendlture Unrestrlcted funds General., General unrestricted fund 44.893 180,7S8 1192,8221 33,029 Totsl funds 44,893 180,758 1192,6221 33,029 Asat31 A¥at1 January 2023 DerembeT Income Expendityre 2023 Unrestrlcted tunds General.. General unrestricted fund 15,250 191,480 1161.8371 44,893 Total funds 15.250 191,480 1161.8371 44.893 Page 14
The Alberoftius Foundatlon Notes to the Financial Staternent5 (continuedl For the Period 1 January 2024 to 31 March 2025 16. Post Balance Sheet Events At the lime of approving this report. no other significant events have occurred that require adjustment to the financial 51alernent5 or further disclosure. 17. Transactlons wlth Trustees None of the trustees received any remuneration or any other benefits from an employment with the charrty or a related entity during the current or previous year, No trustee expenses have been incurred. 18. Related Party Dis¢losures During the period, the ¢harity paid lor le88ed ac¢ommod8tion8 and services facilitl8S to a Connected charity LICARS, amounting lo £150,000 12023.. £120.0001. There was £nil12023'. £nili amounts owed lo the charity. 19. Controlling Partlgs The charity is controlled bylts 8oard ol Trustees. P8ge 15
The Alberonius Foundation Detailed Statement of Financial Activities For the Period 1 January 2024 to 31 March 2025 31 March 2025 31 December 2023 Totsl funds Total funds INCOME AND ENDOWMENTS FROM.. Donations and lagacie$ Donations and grfts Commilled Iregularl giving 2.082 34,595 20,789 20,789 36,677 Charltable A¢tlvltles: Tultlon fee Education support 17.262 26,505 17.262 26.505 Charltablo actlvlty Hostel awommodallon 142,707 128,298 142,707 128,298 180,758 191.480 EXPENDITURE ON., Ralslng lunds Event admlnislratlve expenses 16,8791 15,5001 16,8791 15,5001 Charltable A¢tlvltlgS; Charltsblè a¢tlvlty Event admiiiislralive expenses 120,8021 126.5691 120,8021 126,5691 others Wages and Salaries Travel and subsislen¢e expenses Student accommodation6 and facilities Security and maintenance costs Prinlino, postage and stationery Telecommunications Independent examiner's lee5 Accountancy fees Bank charges Depreciation ol frAture8 and fitting8 Amortisation 18501 11,2331 1120,0001 1941 1150,0001 13.4151 11231 15781 11,0441 Isooi 17501 11,8961 1151 11,9251 14.0001 13.2861 15.0001 1164,9411 1129,7681 1192.6221 1161,8371 NET IEXPENDITUREIIINCOME 111,8641 29.643 Page 16