OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Alma Green Charity CIO

2024-06-30-accounts

Charity Commission

Charity Commission Annual Return 2024

THE ALMA GREEN CHARITY CIO

Charity registration number: 1168431

Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked. This document is a record of the information provided in the Annual Return 2024.

Financial period ~~ee~~ Financial period start date 01/07/2023 Cn

Financial period end date

30/06/2024 Cn Income and spending ~~ee~~

Income £ £18,852 Cn Spending £ £960,075 ~~Ce~~

Number of contracts from government ~~ee~~

How many contracts (other than grant agreements) did your charity receive from central government or a local authority during the financial period for this return?

0

Number of grants from government

How many grants did your charity receive from central government or a local authority during the financial period for this return?

0

Income breakdown

Donations and legacies (excluding Endowments Received)

£0

Charitable activities

£0

Other trading activities

£0

Investments

£18,852

Other

£0

Grantmaking

Is grant making the main way your charity carries out its purposes?

No

Recipients of grants

Please round all figures to the nearest pound (do not enter decimal points or commas).Individuals

£0

Other charities

£960,000

Other organisations that are not charities

£0

Grant recipients related parties

Are any of the grant recipients related parties to the charity?

No

Trustee payments

Excluding out of pocket expenses, for what were any of the trustees paid during the financial period for this return?

⊠ e. None of the trustees have been paid

Did any of the trustees resign and take up employment with your charity in the financial period of this return?

No

Income from outside the UK

Did your charity receive income from outside of the United Kingdom in the financial period of this return?

No

Delivering activities outside the United Kingdom

Did your charity deliver charitable activities outside of the United Kingdom in the financial period of this return?

No

Spending outside of the United Kingdom

Did your charity spend funds outside of the United Kingdom in the financial period of this return?

No

Trading subsidiaries

Does the charity have any trading subsidiaries?

No

Charity contact details correct

Is the contact address displayed from the Register of Charities, correct?

Yes

Charity headquarters details correct

Is this the same address that you use as your charity's administrative headquarters?

Yes

Charity contact address

13 Sentinel Square

Hendon

London

NW4 2EL

Charity Headquarters address

13 Sentinel Square

Hendon

London

NW4 2EL

Membership type

Is your charity part of a wider group structure with a parent body and subsidiary bodies? no, the charity is not part of a wider group structure

Employment contract types

People were permanently employed by your charity

0

People were on fixed-terms contracts with your charity

0

Self-employed people were working for your charity

0

Governance policies

Internal charity financial controls policy and procedures

Yes

Safeguarding policy and procedures

Yes

Financial reserves policy and procedures

Yes

Complaints policy and procedures

Yes

Serious incident reporting policy and procedures

Yes

Internal risk management policy and procedures

Yes

Trustee expenses policy and procedures

Yes

Trustee conflicts of interest policy and procedures

Yes

Investing charity funds policy and procedures

Yes

Campaigns and political activity policy and procedures

Not applicable

Bullying and harassment policy and procedures

Not applicable

Social media policy and procedures

Not applicable

Engaging external speakers at charity events policy and procedures

Not applicable

External risk and impact

Donations,

Unknown/No Change/Not Applicable

Other income - grants

Unknown/No Change/Not Applicable

Other income - contracts

Unknown/No Change/Not Applicable

Other income - investment

Unknown/No Change/Not Applicable

Expenditure on charitable activities

Unknown/No Change/Not Applicable

Expenditure on overheads

Unknown/No Change/Not Applicable

Number of volunteers

Unknown/No Change/Not Applicable

Number of employees

Unknown/No Change/Not Applicable

Number of trustees

Unknown/No Change/Not Applicable

Fundraising activities

Unknown/No Change/Not Applicable

Capacity to deliver services

Unknown/No Change/Not Applicable

Total service demand

Unknown/No Change/Not Applicable

Volunteers

Excluding trustees, provide an estimate of the number of volunteers who carried out charitable activities on behalf of your charity in the United Kingdom during the financial period of this return?

0

Privacy statement

Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commission unless:

We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:

prevention, and law enforcement, or other issues in the public interest

Information we collect about you

We will use this information:

To enable us to carry out our statutory functions and duties;

This will include the following actions:

(a) update, consolidate, and improve the accuracy of our records;

parties specified above to investigate or prevent crime and carry out law enforcement;

Information we receive from other sources.

Information we receive from other sources

We may combine this information with information you give to us and information we collect about you.

We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).

We will ensure that any such disclosure and use is proportionate; considers your right to respect for your private life; and is done fairly and lawfully in accordance with the data protection principles of the Data Protection Act.

The Data Protection Act 1998 regulates the use of 'personal data', which is essentially any information, however stored, about identifiable living individuals.

As a 'data controller' under the Act, the Charity Commission must comply with it. Any changes we may make to our privacy statement in the future will be set out in the replacement version of this form.

Please check back frequently to see any updates or changes to our privacy policy.

Declaration

Your role at the charity (select one): Your role at the charity (select one):
⊠Advisor
Given names Jane
Family name Carden
Telephone 07710198898
number
Email janey3wakefield@gmail.com
Date submitted 23/05/2025

It is a criminal offence under section 60 of the Charities Act 2011 for anyone to knowingly or recklessly provide false or misleading information to the commission; this includes suppressing, concealing or destroying documents.

Charity registration number 1168431

THE ALMA GREEN CHARITY CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

THE ALMA GREEN CHARITY CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number

1168431

THE ALMA GREEN CHARITY CIO

CONTENTS

Page
report 1 - 2
Accountants' report 3
Statement of financial activities 4
Balance sheet 5
Statement of cash flows 6
Notes to the financial statements 7 - 12

THE ALMA GREEN CHARITY CIO

REPORT

FOR THE YEAR ENDED 30 JUNE 2024

The Alma Green Charity CIO present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Alma Green Charity CIO Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives are to provide for the public benefit. The policies adopted in furtherance of these objectives are to provide for designated charities and there has been no change in these during the year.

Public benefit

The Alma Green Charity CIO has paid due regard to guidance issued by the Charity Commission in deciding what activities we should undertake.

Achievements and performance

Significant donations were made to designated charities

Financial review

Reserves policy

It is the policy of The Alma Green Charity CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. It considers that reserves at this level will ensure that, in the event of a significant drop in funding, it will be able to continue it’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The Alma Green Charity CIO has assessed the major risks to which it is exposed, and is satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Alma Green Charity is a CIO

The Alma Green Charity CIO trustees who served during the year and up to the date of signature of the financial statements were Sir Philip Green and Mr. Brett Palos

Recruitment and appointment of trustees

None of The Alma Green Charity CIO trustees has any beneficial interest in the CIO. All are members of the CIO and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The CIO's current policy concerning the payment of trade creditors is to:

Trade creditors of the company at the yearend were equivalent to nil day's purchases, based on the average daily amount invoiced by suppliers during the year.

THE ALMA GREEN CHARITY CIO

REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

The report was approved by the Board:

Sir Philip Green

11 June 2025

THE ALMA GREEN CHARITY CIO

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ALMA GREEN CHARITY CIO FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The Alma Green Charity CIO for the year ended 30 June 2024, which comprise the statement of financial activities, the cash flow statement and the related notes from the charity’s accounting records and from information and explanations you have given us.

.

This report is made to the charity's board as a governing body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Alma Green Charity CIO. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Alma Green Charity CIO and the charity's governing board as a body, for our work or for this report.

It is your duty to ensure that The Alma Green Charity CIO has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Alma Green Charity CIO. You consider that The Alma Green Charity CIO is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Alma Green Charity CIO. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

11 June 2025

Chartered Accountants Fox Associates

THE ALMA GREEN CHARITY CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2024

Notes
Income from:
Donations and legacies
3
Investments
4
Total income and
endowments
Expenditure on:
Raising funds
5
Net income/(expenditure) and
movement in funds
Reconciliation of funds:
Fund balances at 1 July 2023
2
Fund balances at 30 June 2024		 Unrestricted
funds
2024
£
(960,000)
-
(960,000)
75
(960,075)
2,345,392
1,385,317		 O
funds
2024
£
-
18,852
18,852
-
18,852
-
18,852		 Total
Unrestricted
funds
2024
2023
£
£
(960,000)
2,345,392
18,852
-
(941,148)
2,345,392
75
-
(941,223)
2,345,392
2,345,392
-
1,404,169
2,345,392		 Total
Unrestricted
funds
2024
2023
£
£
(960,000)
2,345,392
18,852
-
(941,148)
2,345,392
75
-
(941,223)
2,345,392
2,345,392
-
1,404,169
2,345,392
2,345,392
-
2,345,392
-
2,345,392

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE ALMA GREEN CHARITY CIO

BALANCE SHEET

AS AT 30 JUNE 2024

Notes
Current assets
Cash at bank and in hand
Net current assets
The funds of the
Interest received
4
Unrestricted income funds
10
Unrestricted funds		 2024
£
£
1,404,169
1,404,169
18,852
(960,075)
2,345,392
1,404,169		 2023
£
£
2,345,392
2,345,392
-
-
2,345,392
2,345,392		 2023
£
£
2,345,392
2,345,392
-
-
2,345,392
2,345,392
-
-
2,345,392
2,345,392

The financial statements were approved by the on 11 June 2025

Trustee

THE ALMA GREEN CHARITY CIO

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2024

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
Investing activities
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(960,075)
18,852
18,852
-
(941,223)
2,345,392
1,404,169		 2023
£
£
2,345,392
-
-
-
2,345,392
-
2,345,392		 2023
£
£
2,345,392
-
-
-
2,345,392
-
2,345,392
2,345,392
-
2,345,392

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Charity information

The Alma Green Charity CIO is a Charity, which provides for the public good

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has evolved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of Alma Green Charity CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, Alma Green Charity CIO has a reasonable expectation that it has adequate resources to continue it’s operational existence for the foreseeable future. Thus, it continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the charity in furtherance of it’s charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognized when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognized once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction prices unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the charity is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted Total Unrestricted Unrestricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts - (960,000) (960,000) 2,345,392 - 2,345,392

4 Other Income

Unrestricted Endowment
funds funds
2024 2023
£ £
Interest receivable 18,852 -
5 Expenditure on raising funds
Unrestricted Restricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 75 -

6

None of Alma Green Charity CIO (or any persons connected with them) received any remuneration or benefits from the during the year.

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

7 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
Total
There were no employees whose annual remuneration was more than £60,000.		 2024
Number
-		 2023
Number
-

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

9 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2023 Incoming At 30 June
resources 2024
£ £ £
General funds 2,345,392 - 2,345,392
Previous year: At 1 July 2022 Incoming At 30 June
resources 2023
£ £ £
General funds - 2,345,392 2,345,392
Analysis of net assets between funds
Unrestricted Unrestricted Other Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
Fund balances at 30 June 2024 are represented by:
Current assets/(liabilities) 1,404,169 - - 1,404,169
1,404,169 - - 1,404,169
Per balance sheet 2,345,392 (960,075) 18,852 1,404,169
Balance to allocate 941,223 (960,075) 18,852 -
Unrestricted Unrestricted Other Total
funds funds funds
2023 2023 2023 2023
£ £ £ £
Fund balances at 30 June 2023 are represented by:
Current assets/(liabilities) 2,345,392 - - 2,345,392
2,345,392 - - 2,345,392

10 Analysis of net assets between funds

11 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

THE ALMA GREEN CHARITY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

12
Cash generated from operations
(Deficit)/surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Cash (absorbed by)/generated from operations		 2024
£
(941,223)
(18,852)
(960,075)		 2023
£
2,345,392
-
2,345,392

13 Analysis of changes in net funds

Alma Green Charity CIO had no material debt during the year.