REGISTERED CH fiuMBER: 1169320 TRUSTFLS, REPORT AND UDITF.D FINAY ATFMENT FOR TIIEVEA .NDED JI Shaw Gbl bs {Audii) Limited Chthered Certified Accoun(ants Story Auditor 25 St Thomas Sweet Wtrtch¢51¢r Hampshire S023 9HJ
AL ELEVATI Nl'Tr:Nl'S ()Tr I'HTr.' b'lliA4CI.41. %TATF.IIF.NTS FOR I'HF Yb.AR F.N'I)FD 31ST AUC.UST 202$ P•g¢ R¢f¢re•¢¢ and AdmtnbtrAtlv< Drt•lls Trusteei, R¢port 2 to 3 Si4¢¢m¢nt ofTrurtees' Responslblll¢le• R¢port of lh¢ Indeptndtnt Audltors St•i¢menl ol Flninclll Actlvlll St#temtMt of FIAn¢l•l Po¥lllo Sittmeul of Ciih Flo io Not¢s to th¢ Sl•t¢m¢Dt ol Cish Fiowj No¢¢$ ¢0 the Fln#n¢lal Stltethenti 12 to 16 Detlled Si#iemtnt of FlnaDctsI Actlvltl 17
LEVATIOPI REFFRFNCF.,IND klDNIINISTRATIVF. DF.TAII. FOR TIIF. YF.AR F.NDF.I) 31ST IlUC.L%T 2025 TrUSTELS P Moss P Mould AELaw PRINCIPAL ADDRESS 20 Carlthtt Hou0¢ Tr4ra 2nd Floor Lthdon SWIY SAN RECISTKRED CHARITY NUMBER 1169320 AiIDITORS Shaw Gib (Audi¢) Limii Chart¢red C¢rtified Accwitanis SthDJW Auditor 2$ St ThomaÉ Str¢¢t Winchesier S023 9HJ Page I
AL TRU.STfr.F:S' REPORT FOR TIIE YF.AR FNDED 31gfAUGUST 2025 The In]51¢¢5 pr¢5fn¢ their rg)ort with the financial swemeJ)ts of the charity for the year ended 31Èt August 2025. The trustees have adopi¢d the provisions of Accouniin8 and Repining by Ctsan"(Lts.. Siatem¢nr of Recommertded Practice appliLable 10 rhatitl¢5 pwaring their atcowits in a¢¢ordancr with th¢ Financial Reporting Standard awlicablc iTh th¢ UK and Republic of Ir¢Jand IFRS I02) (cffeEti l January 2019). Thc fsnancial sta¢emen15 hav¢ btttt preparcd 10 8iv¢ a Irue xnd fai¢ view And h•ve departcd from th¢ Charities (AcC(niS and Reports) Re8ulotion$ 2008 only to Ihe exiffit rcquired to provide o and faitr vicw. This d¢parn¢ hu involved followin8 AcClting and R¢poMinB by Chariiies preparin8 Iheii accwnts in accordance with thc FinanLiai Rcporiin¥ Stsndard applic&bl¢ in the UK 8nd REpublic of Ireland IFRS102) issued in V¢lob¢r 2(b19 raihcr Eh4n th¢ Ac¢ouJJtin8 llnd Rwrtin8 by Ch4ritiu'. Stalem1 of Recommertded prdclicc ¢ff¢ctiv¢ from Isi April 2005 which ha& sinc¢ bren withdra. OWECTIVES AND ACTIV]TIFS Oblrcllvej ind aims The objeLliVC of th¢ TtUS¢ is lo advance edu¢AiioD and tsHrning in the Unitrd Killgdom by spon50ring and funding schools, hi8her ¢du¢ational enliiic$. educaiionil PTO8Tammes. projecrs and f¥ili(iu •tyd ¢0 4dvaThce 8miiteur spons io those in cducalivn. Publlt benent The Tnjsiees ¢onfirm that Ihey havc accourtt of th¢ Ch•rity Commission'i 8eneral 8llithnce on public b¢ncfii. The Law Family Educotionlll TThsl providcs futlg attd supF%Mt lo schoo15 and hixher edu¢Alion&l ¢nlili¢s. cdu¢#lional prowmu. projects And fa¢Ilili. ACHIKVb.Mb.NTS AP4D PF.RFORMANCE Chrltblt ctlvlllei Thc l.aunJ.s Trnsi is the prin¢ipal bcnrficiary ofthe Chariry. This is i Multi A¢•d¢my Tn( hcadquaricred in CheAdle Ilulm¢ niar M&n¢hesier. li encotnpll55¢1 th¢ 4.18 age ringe in primary. SOndary and sixth form conlcxls acm GRIcr MDnLh&%i¢r. It has ambLIJiMJ5 pro8ram of gwwth.. thT¢¢ brand new free schTr)Ii opened in ScplembEr 2018, fijrther Iwo sehool¥ in Scpt¢mber 2019 and * hjrther primary frtt hl op¢n¢il in Sw¢rnb¢r 2022. With the additlon of this schDol lh¢ Trn$i hLs $upport¢d 17 Schools in Ihe 2024-25 Academic YGryT. Grnn kniallinB £4.227,693 m¢ irt the y¢r of which £4.164.607 were mde to The LauLW Tnw. Cinnls made Support 4) capiMI dcvelopmen¢s a¢rnsB the Tru# •nd bl bi]FWrt programes thAt enrich and extended rAJpiI exp¢ri¢n¢e li school. Theyc includ¢: . Culture, CTeativiiy And Rthcioric; . Spokcn Longua¥&Or8¢y: and - Sp)rtinB Exccll¢nc¢. A 8rant of £64.9(10 wax ¢ommitled io the Educaiional Poli¢y Institu for th¢ fiNJ instslm¢nt of Tc8c4r¢h projccl "D¢gree Apprertiei¢¢ships.. Supply & D¢mand". FINANCIAL REVIEW Flnan¢l41 poslilo Al 31it Augusl 2025 the charity hod a tset deficit in fund5 of £5,191,049. A Law Itru51c¢) continues tQ SUPPDrt t charity by n]ak5ng donaiions from AL Phil1roPleS LO enÉllrt tkLnds 5uffi¢icnl to Ver all commiiied and fvvjre expcndiiure. Prlnclpal fundlni ¥our¢ Th¢ ¢hariiy is wholly fiJtsd¢d by AL Pjuijnthropi R<¥erv¢s policy The Chatily hold5 no fllwiciqi rcsetve¥ at the end of the fin&ncil year. The TnJsttt8 have asscssed that a r¢s¢rv¢ fund is not requirtd bccausc Ihc chariiablc aGtivitie5 are fund¢d rqUir by AL PhJlanthrop)es and operaiing ¢o%is are minim41. Thi5 r)nClaI baekinK ensures the Charity L4]J m¢¢t ils liabblitics 4s they fall duc withoui holding ind¢pcndcnt liquid ats. Page 2
AL ELEVATI TRUSTF.F.S' REPORT FOR TIIF. YF.AR F.I)F. JIST AUGUST 202 FUTURE PLANS Th¢ Charity will continue to supp)rt the Laurus Trust by ettsUTing pupils in all its schools tan beThefJi from ihe existin8 program5 described ibove. Trvs¢¢¢s will COllBider makin8 additional Chan'lable donaMon$ to the Laun Trusr as appyopriate. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing dotumtht The charity 15 A Choritablc Irwraied Organi10 Ind its powen llre xi out in its Con8timtion. R¢¢rnltm¢ut ADd Appolbxtment of Acw trusle¢s The Tnlee% of th¢ ¢h4rity lisicd the inf0mtIOn pa8e. N¢w Trust¢¢s may bc appoinied by the stulor OT existing Trusiees. In appoiniin¥ new TnJse$ th¢ s¢irlor or Tme¢S 11 tske into &¢¢ounl th¢ b¢nefits of oppoiniing a petJuD who is abl¢ by vimJ¢ of hia or her personal ( professional qulifications to m4kc a contribulio 10 the putsuit of the obJts or man&Kement of the chlty. The ConMi¢uiion provides for 8 minimum of thrce and maximum of 12 tnjsiees. The TruAc¢s mcct at l¢a¥i thr¢¢ limes a year to Teceive rcrAts from ill b¢nCfi¢i1¢s And discuss and implem¢ni wli¢y. Decisiotks ¢ madc by a 5impl¢ majonry of YO ¢as(4t I m¢¢iing. Riik mAnqgtrnent Thc TTU51ccs have wried out • view of the charityj aciivitiel and th¢ risk$ 10 whi¢h 1¢ ix expM¢d •nd that ontrols Bre in plgce mitl8al¢ tbN¢ iith. 30 Jun 2026 Approv¢d by ord¢r ofthe bourd of eel on........................................... attd $i8n¢d on its b¢hJlf by: A LAW. TA¢ Pa8e 3
EI.F.VATION STATLMENT OF TRUSTEES, RF.SPONSIBILITIFS FOR THE YEAR ENDED 315r AUGUST 2025 The trullees arc rcspotL5ibl¢ for prcparing the Tnjstees. Report and thc financial $teMents in acrdl0¢ with applicablc law and United Kin8dom Accounting Stsndards (Uniled Kinsdom G¢n¢tally Acccptcd Accounting Practiccl. Cbariry law rrquirc5 ItL¢ tru#¢cs prepxre fJnan¢idl $rgiun¢nts for each fmanctal yeAr. Under thRt law, the irustcts havc elected 10 prepr¢ thr fin8n¢i•l sia¢¢ments in a¢¢ordancE with Unid Kingdom Gcmcrally Accepted Actounling Procu¢¢ (Unitsd Kin8dom Accounting Sthndards and applicable IAW). Under chariry law the Thusteu m1 nol approve th¢ financial unless they are sttti8fi¢d that thry give a and f4ir vi¢w of the 5th1¢ of affoirs of the charity and of ih¢ incoming resourc¢s and application of resource5, includin8 th¢ ittLvme and cxpcndirwe. (b( the ¢h•riiy for period In prepEriuK thos¢ fin¢1 smtemenw the rnjsices r¢quircd to Jele¢t suitabl¢ 4c¢ouThtin8 wlicifs and apply them CcwlsIly. observc the meihtyjs #t prithciples ia the aJ*ilies SORP: m4ke judgements ond estimat th&1 yc rwoDabl¢ Jnd dent 51aie whether applicable aLcwThiing 8tatthTds hAve b¢em followed. 5ubjcct io aDy maittial departures dis¢los¢d atsd explained in rhe financiol siai¢m¢nts: prtparc Ihc finan¢i41 sta1¢mts on the 8OLnB concern unlcss li is Ippropriate LO presume that the ¢hAriry will <othiinut Lrt busirLe4X. Th¢ Iru51cc5 arc rc5ponsiblc for kwin8 pmper accountin8 records which dI105t with rt8ottablc accuracy al any titne th¢ firwicill pusitiun of th¢ ¢harity and lo Cnyblc th¢m to ensure th41 the fJnan¢tal 5th1emenis comply with Ihc Charitics Aci 2011 ond The Clwity {A¢rounts •nd Rrportsl R¢gulJtiv$ 211. Thcy ar¢ 4150 T¢3PQn5iblc for 5af¢guHTding thc ets of the chariry And hence for tskinB re&wn•ble $p8 for the prevention and detection of ft2ud and oihet Lrre8ularili¢$. Pagc4
REPORT OF TIIE INDEPENDENT AUDrroRS TO THE TRUSTEES OF AL ELEVATI N Oplnlon We have Huditrd the fjnancial statynents of AL Elev81ion {the 'chaTirf) for th¢ year ended 31 si August 2025 whi¢h comprise Ihc Statemenl of Financial Activilie4 the SEalemenl of Fin4Thcial Postlio]L thE Siatem¢nt of Cash Flow5 and notes to the financial stat¢m¢nts. In¢ludsn8 a sumrnary of 5igi)ificani accouniing policiu. Thc finHnciBI rcp)rting framework ihal k¢Th appli¢d in their prep10 is applicablc law and Unitrd Kin8dom Ac¢ouniing Standards (Uniied ngdoM GeTherdlly Accepicd A¢couniing Pra¢iicel. In our opinion tht fJnxn¢iHI 51ai¢mMts'. Bive * tnJ¢ and fair view uf ihe stht¢ of th¢ ihariiy's aff¥its 43 &131sr Au811 2025 Aod of its incoming ruouictrs and oppliralion of Tesoufccs. for the yw th¢n end- hav¢ bccn properly prepared in a¢eoTdante Wilh Unil¢d Kingdom Getterally Accepted Attountin8 pr¢¢. and h4vr b¢¢n pr¢pBred ITh accordance with the r¢quir¢m¢nts Of the ChDn"tic5 Act 2011. BslJ for oplnlon Wc conducicd Judil in IcwaneC wilh In111101 Slandards Audiiithg (UK) (ISAS IUKI) athd applible 14w. Our rcsponsibilitics undcr thosc standards are fjjrther dt8trib¢d irt th¢ Auditors, r¢sp0Th5ibililic5 for thc audit of the finott¢¢&l Slalements scction of ow rewn. We ar¢ it)d¢pcndeni of Ihe charity in accordance with the eihi¢al requiremtnts thai ar¢ r¢l¢v4nl 10 OUT audit of thc financial sleMen In the UK. including Uic FRC'S fihic81 Siundard, and w¢ h4v¢ fulfilled other ¢ihi¢al T¢5pon5ibiliiies in accordance wilh these rcquiremeThLS. W¢ believe thai the lludit cvidcnce we have obiait)ed is sufficient and wropria 10 PTovid¢ a bui$ for ow opinion. Co¢lusloni rcliih8 to i•lh8 roheern ID 4udiiJn8 Ihe rtn8rtcial siliemenis, we have eoncluded Ihai the ¢rviie¢¥' use ofthe Boing con¢¢rn b$is of ¢¢Ots#tin8 in thr pf¢pAraiion of th¢ fIn¢181 5talemcnts is •ppropria. B8Bed on the work we have perfotmed. we have noi 1dehilfi w Materi vnccrtlnii relating to events or c4)nditions Ihat. individually Or ¢oll¢ciivcly, may casi $i8nificani doubi oth Ihe ehariiys ability lo coniinue as 8 80inB concern for a periud of al least twelve months from whcn th¢ f9¢1•1 8tstcmts u¢ Authoriscd for issu¢. OUT r¢snSibili11cs and the 6181b111ti ofthe wilh fo going concern wc du¢ribvJ in ihe T¢l¢vAn¢ s¢rlioThs ofthi5 rew)rt. Other IDfoTDIAtlon The INstees are ruponsible for the other itifommiion. The other iE)fomiaiion ¢omprJJcs the infornl10n Includ in thc Annual Rcpon, olhcr than the financial 8taiement$ 8nd our Rtport of th¢ Indcpcndcni Auditors Ihcrcon. Our opinion on ihe financi¥l st•i¢m¢nts do¢5 noi COV th¢ oiher infonn•rion and. ¢x¢1 w thc ¢xl¢nl oih¢rwi explici¢ly s¢a¢ed in our repon. we do express 8ny forn ofismance conclusion theT¢On. ltt connectiot) with our Audit ofthe fJnall¢ial Maments. our re4ponsibility is w reBd the other inf0mlIoN ar, doin 50, eonsid¢r wh¢ih¢r Ihc oth¢r informaiion is mai¢riAlly inconsisi¢ni wilh th¢ fin8nci41 ¥tsl¢m¢nls or QUT knowl¢d8¢ obtained in the audit or othcNise appears to be malerialty misstsied. If we ideiify iuch mat¢rial ittconsisiencie5 or pparcnt t[erial tni8Sllll¢tn¢Thls, we arc rcquircd lo dclciminc whethu 71$ gives tist 10 a maietial misststemeni in the financial $thiements them$elvts. If, based on the work we have perfo. we conclude ih81 Ihere is a matcrial mi88ts1cmtrtl of this othcr irtf¥miion, we are rtquired 10 rqjoft th faci. Wc have nothin8 lo report in this r¢8nrd. M4tlprs on vihlch w¢ Ire rrqulrcd to rcporl by cePtIon We have nothing 10 rert in SpecI of the following matiers where the Chari¢ics IA¢¢ounts and kepDTts) Regulations 2D08 rcquiTe% it) r¢pDrt 10 if. in rjur apinion.. the infomiaiion given in the ttusiees Report is itKoosisteni ID any Ma•1 respeci with th¢ financial siatemcnrs., or wffiricnl a¢couniiJs8 TOrdS hav¢ Dot b¢¢rb k1,. or the fan(la[ 51atemEnts Hre not iti 48reetnenl with the cOuntin8 recoith and telunts. or w¢ h8v¢ not T¢rciv¢d all th¢ information atLd ¢xplanaiioDsw¢ r¢quir¢ for our audit. Page 5
REPORT OF TIIE INDEPENDENT AUDITORS TO TIIE TRUSTEgs OF AL ELEVATION ReipDn$ibilitiu of tTuJItcs As explained rnore fully in thc Statement of Tnjsiees. RestA)nsibiliti¢s, th¢ trusiees e responsible for the Preparation of Ihe fin8ll¢Lal staletn¢nts wtlich Bive a tNe and fair vicw. and for such internal control 35 th¢ tN5tee5 deterniine ts ne¢ary enable the prePtiOrt of fitwJ¢iaJ Swlcments thai 8TC frcc from materia] This5t4tcm¢nL whether due to fraud OT error. In preparin8 thc tinan¢iHI 51amcnts. the ¢nJses art rcspoThsible for 95s¢ssin8 the chariW$ ability ¢0 continue as a going concem. disclo$rThg, )s applicablc, mattcrs relad 10 goin8 ¢Ortcem using thc going concern basi5 of ¢¢OUttllJJ8 unless thc Injsleex either int¢ad lo liquidal¢ th¢ charity 10 opcriity)$. or have tso rcalisiic alrnatiV but to do 80. Our respon8lbllltlei for tht Hudlt of thr 114•n¢lg1514¢ements We havc bcrn appointed a5 audilot5 undcr Scclion 144 of th¢ Ch4riti¢s Art 201 l Tepon in 4¢cord4nce with the A and Tclevant TeBu181ions made orhavin8 effcci thernmdty. Our objeciivts or¢ t(p ob¢4in r¢Hsonabl¢ assuraDc¢ about whether Ihe financial stsiements as 8 whole Are free from mAterio1 mi151aiem¢nL whether due 10 fiaud OT error. and kn issue a RetK)rt of the Independent Auditors thal in¢ludcs our opinion. R¢4wnJble assuranc¢ is a high Icvcl of assurance. bui 1$ not a guarAniee Ihai on audi( conducicd in ccordAncc with ISA5 IUKI will a)yS delcci a matcnal missia(emeni when li exisLS. Missl8iemeni.% can arise fTom fraud or error And irc ¢0rt8idered mat¢rial if. individually or ID th¢ 38gr¢8Jt¢. th¢y ¢ould r¢onAblY b¢ cxp¢¢trd ¢0 influence the economic of us¢rn Ien pn th¥ lsi$ of thu¢ fuwiGial 51amruLs. IlTrlaTIV$, Inrluding froud. are instsnces of tn-cOmpliance with law8 Te8lllatlo. Wt dtsi8n procedtsres in line with our rcspon5ibili¢ies, outlined above. 10 de¢¢ct maicrial missraiemet)ts in respeci of irr¢8ulariries. includin8 fraud. The exieni le which our proc¢du¥ are cHpAbl¢ of d¢lcctin8 iTTcgularili&%. in¢ludin8 fraud is d¢Milcd bclow: BE¢au8e of the inhereni limilations of an iudit. there 15 4 Tith that we will not det¢¢l all lrrt8u1ts¢S. iTh¢ludin8 iho8e lellditt¥ lo o maierral rniMiat¢meni in lh¢ fLlliD¢ial Aaienienis Dr nonMPli1C¢ with Te8uliiioth. This risk incrcases th¢ mfrr¢ thai ¢ompli¢¢ with A lllw or Y¢8uls(ion 1$ t¢movcd from th¢ vents And traTh$a£tions reflected In the fJnaLILLal 5181¢mcT)ts, wc will b¢ 1¢ss likely to b¢¢om¢ aware of Inwn¢e$ of non compliancc. Thc ri4k is slso ¥rcaier rc8aTilin8 irre8ulariiies occuttinB due 10 frnud rnther error. as frnud involvu intentional COnlmL forgery. c4)SIu5ion. omi&siun or mÈsrepreseniuun. W¢ obiaittrd an uodmlandirtB of the Iwl ond re8ulatory framework 4ppliubl¢ 10 the chariry via discusJions with thc trustets and our previou5 knowltdge orth¢ charity. This idMiifJ¢d thot th¢ tnost $iLfIcant laws ond rc8ulaiion5 rclale lo thc forn and conl¢Dt of th¢ fLll4n¢i41 ststements su¢h &8 the Chariti¢8 A¢t 2011, the Chiniies SORP (FRS 1021 and Fin8n¢iAI R¢portinB Si8nd•rd 102. Th¢ ehity ¢omplies with these law8 and re8ulaiioTh$ by using appropriately qulllificd profcs5iimals lo th¢ fitwcial Sl4lcments. As rI of ¢)ur planning pror$ w¢ tsts%td epti111ty of the chAritys financial slaiements to malcrial mi881oicmcn¢s, including how fraud mi8trLI oc¢ur by making an •ssessmeni of tlLe k¢y risks. The key risks idertlified in T¢Sp¢d of AL El¢vHuon is r¢v¢nu¢ rccoBnitÉon. rcco8llition of 8T8ntA pAyible I eli8ibiliry of charirable Biving. The ttU8iees confimied no 8cDJal. Suspec OT all¢8 u5ts orrrnud. A fvrther de8¢riPtion of (r r¢wMibiliti¢s for tht udit of the finaneial srg*menu is located on the Financial R¢poning Council's b511¢ at www.fr¢.or8.WauditotSt¢8ponsilpililies. This description fom)s part of our Rcport of the Ind¢ndt Auditors. Page 6
PORT OFTIIE IND AL ELEVATV DIT TO THE TRUSTEES Ust of our rtport This Teix)rt is Tnade solely lo the Charitys trustees, as a in accordanrx with Part 4 of th¢ Chariues {Accounts and Repotts) R¢gulaiions 2008. Our Ij1t wort h8s beett undcrtaken so that we ujighi state to the ¢haTity5 tnt th08¢ mailers we arc rcquired stai¢ thcm ID aD auditors, rep)rt and for other pose. To th¢ full¢si extent pcmjitted by law, we do not accept or &ssuth¢ r¢¥pon5ibility ro anyon¢ otlL¢r than the charity and the charitys As • body. for ouraudit work for thi8 repoo orfor the opinions we knvc fornwj. CA4LU JJ . Shaw Gibbs (Audi¢) Limited Chlftcred Cettified AG¢ountw Eli8ible to H¢t 45 an auditor in of S¢¢tiQD 1212 of the Coow•niu Act 2LN Siatuiory Auditor 25 St Thomas Strtet Winchester Hampshire S023 9HJ Pa8e 7
AL ELEVATION ST.ITF.hlF.NT OF FINANCIAI. AcfiviTJL5 FOR TIIF. YEAR EPIDED GLIST 2PZ 2025 2024 Toial funds 96 reststed UnrEsltltitd fund Nor¢s INCOME AND ENDOWMENfs FROM Donaiions and le8acies 2J35.Mi 3,324.875 Investment iniom¢ 431 Total 3 326 876 EXPENDITUBE ON Charltiblt xcllvliles Educaiiun aIn1D8 3014678 NET IIYCOMEI{EXPENDITURE} (l J92354) 312.198 RECONCILIATION OF FUNDS Tolal Ivnds bght (on¥*rd AS pr¢vivu$ly r¢porttd Prior year Adjus1rtt 13.637,692) 338 As rtitlttd 339&795) 13,610,993) TOTAL FUNDS CARRIED FORWARD 5 1910491 J 2911795 Th¢ note5 fonn p8rt of fuw)c1 ststun¢nts p¢¥
ALELEV STATEMENT OF FINANCIAL POSITIOPI 31ST AUGUST 2025 2025 Uftrtstrlct¢d fund 2024 Total fund5 restst¢d CURRENT ASSETS Cash at bank 15,842 J5,419 CREDITORS Amount% filling due within one ye&r 12 (1.908,065) {3334,214) NET CURRENT ASSETSIILIABILtTIESI TOTAL ASSETS LESS CURRENr LJABILITILS (lJ192,Z231 13.298,795) CRKDITORS Amount$ fallin8 due oft¢r MOTC th*D onc y 3398,8261 NF.T ASSETSIILIABILITIF.S) 5 191049 3 298 795 FUNDS 14 Unrestrieied tllt TOTAI, FUNDS The fittancial stot¢ments were wirov¢d by lh¢ Bowd of Trusl¢ea and aulhoris for iuue on 'Jun202&...................... •lld weff #ipcd ott its beh( by: A Lllw- Tru$¢ee Thc DOtC5 frn of the5c fina11 s(atemcnts Page 9
AL ELEVATION STA TF.MF.T OF CASH FLOWS TIIE I'EAR ENDED 31ST AUGUST 2025 2025 2024 as reÈtsted CAih flowi from operilng A¢tlvltl¢s Cash gellcraicd from opeAtLons Interest paid 119999 16 31,246 Net lus¢d invpmvided by operatin8 activiue 20015) 31 C8h froTn lllveidng #ellvltl Interest receiveA 438 Net cath provided by invcsiiD8 tsViti 438 Chau¥¢ In ¢AJh aDd ¢Jsh equbv•lents 1 tht pOrtIng perlod C*sh Ind toih tqufvilenti at the b¢iln#lh8 orth¢ r¢portlnK p¢rlod {l9J77) 33,247 Cfiih And tA$TrL ¢4ulv•l4Mii At th¢ ¢01 or tht reportlvjg perlod Is The lloies fornj part of thest f)¢1•1 Ststrmcnts P4¢ )0
L ELEVA NUTbS TO THE.STATEMF.Nr OF CASH FI.OWS FOR THE YEAR EYD D 31ST AUGLST 2025 REcof4CTLIATION OF NET IEXPENDITUREVINCOME TO NET CASH FLOW FROM OPERATING ACTtVlTIES 2025 2024 •s r(ad Net lexpcndltureNlncome for the prd8 ptrlod (u per the Statement of FIDan¢ll A¢tlvltlu) Adlu¥lmtn¢i for: Intercsi receiycd Interesi piid Decreasc in debio ltt¢re4sdld¢cT¢a5cI in creditca 11.892354} 312,198 (438) 16 (2,001) 1,082 280 033 N¢t ¢8h {uxd Inyprowlded by optrAtIo ANALYSIS OF CIIANGES IN NET FUNDS Al 1.9.24 Cuh flow At 31.8.25 Net t*ih CB%h &1 bank Total Thc not¢> form part of thr5¢ fJnaDGial slatwtL¢llts Page 11
AL ELF.VATJON YOTF.S TI) TS1Tr. FIN'ANCIAI. ST.ITF.IIF.%T FOR THF. YEAR EPIDED 31ST IILGLIST 202 STATUTORY INVORMATION AL Elevtlion. fOll¢TIY named Law Family Educaiiortal TTUll, 15 a cliariry registered in England and Wales. Th¢ h.8 reBisier¢d and reBistrtcd addrw (an fout¥J iti the TTU5t¢¢s' Report. ACCOUNTING POLICIL8 Actountlng eonvenilons The financial siam¢nts of thc charity. which is a publi¢ bcncfii eniiry under FRS 102, have been prepared in ac<urdan¢¢ with th¢ Cknitics SOIiP IF 1021 'Accounting and Rcponing by Lhariliu.. Slalcmeni or Rccornrncndcd Pra¢ii¢c applicabl¢ to ¢haTities preparing thcjr accouDts In accordanee with tht Firw)cial Reporting Stttndard applicable the UK and Rcpublic of Ircland (FRS 1021 leffe¢tiv¢ l January 20191,. Financial Reporting Siandard 102 The FinaThci41 RcporfitL8 SiarHlafd appliublc in the UK and Republi¢ or Ireland, Athd thv Ch4Ti¢i¢s Aci 2011. The firtn¢ial ststements h•ve been pjwared undcr th¢ hi5tOTicdl cojt convention. Th¢ financial aiemeni¥ have bcen prepared 10 8ive a Inj¢ Ind f•if view and have departed from the Chorilies (Accounts and ReporLsI Eiegulaiions 2(X18 only w ihc cxtrni required 10 providc a Irue ond fairf view. I'hi8 drparh]r¢ has involved followin¥ AILoun(ing ind Reportin8 by Ch4ri¢ics preparlng their in accoidan with ihe Fin4n¢ial R¢portlDg SE•Dd•Td applicoble LD thc UK and Republic Drir¢Iar IFRS1021 ik%ued in Ociober 2019 rathcr than the Accountin8 and REportin8 by Chwitie5'. Staml of Recommended practic¢ ¢ffr¢iivc from 1st ApTiI 2005 whicb h05 since bcen wittMIrnwD. Income All income LS reco8ttis¢d itt Ihe StaiemeDI ofFinnncial Activilie5 once thc chariiy has ethiiilemenl 10 th¢ fund4 il is probable Ihoi the in¢ome will b¢ ff¢¢ived 4nd th¢ Nmounl can bc measurnl reliAbly.Th¢ charsry ifj wholly ndcd by Iht AL Philanthropies, I charity ith whi¢h Andm L4w 1$ 4 ITUSte¢. Expendlturt Li•biliiies Bre recoRllis¢d &$ cxpendiiur¢ as soon u ther¢ is • 1¢841 OT constrtl¢livc obli8Aiion cvmrniiiing the eh4rily thai ¢xndi1c, tl is prohablc tha¢ i wansfer tsf ttot)omic bettefjts will be requiied in teiilemenl 4nd the 8moulli ofthe obli8aliott b¢ mcasur¢d r¢liibly. ExpendiDJre 15 Iccounied for on an basis and ha8 been cloAsificd under htthdin8S that aTe81t¢ all ¢oxt r¢l•i¢d 10 lh¢ ¢i¢¢gory. Wher¢ costs cannot bc dir¢¢ily 4llribuied ¢0 particular headings they httve bt¢rt •ll0¢¢d w KIivili on • ¢on5iSteni with the use of fjranis offered subj¢ct to condiiions which hive bem m# at the year end date are notcd a commitment bui noi aecrued As expendii¥re. Taxiloh Th¢ ¢harÉty ¢xcmpi from its ¢horilabl¢ 1Ville1. Fmnd actountlng All Iwids h¢ld by the clwity arc unresl¢l¢d futsds w.¢b catt be used ttt accord8tsce with the chllritsbl Objectiv ai the dis¢retion of th¢ Twst¢w. Going concern Th¢ uijsttts consiacr thai thert ai¢ no maieril uncertainlies about the ChHTily'S &bilily lo continue as a 8Olll oncern.Th¢ aOUn1S have becn preped on a going coneem basis. on the undersiandinK thai AL Phtlanthropies will ¢Onlinu¢ lo fJuanci4lly 5uppffl th¢ ¢harity for the foreseeable fuiure. AL Phil*ni])pieS dDd AL Elevation arc both s11prted by the fnutec, Andr¢w Law. Anthw taw has confinned thai he will ¢oniinue this support for Ihc for¢s¢cable fuwtt. Page 12 ¢onliTrue(t..
AL ELEVATION NOTES TO THF. FINANCIAL STATE1*S- FOR THE YEAR ENDED 31ST AUGUST 2025 DONATIONS AND LEGACIES 1025 2024 as ttstatcd Donations Gtfi aid 2J35,001 3,324,500 375 INVF.STMENT INCOME 102$ 2024 Dcposit CoUnt interest 438 CHARITABLE ACTIVITI COSTS Grahl fvnding of aclivities (see no 71 Support cojts Iscc note 8) Cosii l#e nol¢ 6) Touls 4 227 693 DIREcf COSTS OF CHARITABLE AcllviTIL8 2025 2024 R5 re5taled Donations lo the Laurus Trusi Pmvi5ion of other educational Servi for the Tru 4.134,607 2,781,989 28167x9 GRANTS PAYABLE 2025 2024 as restated EthJ¢ation atyd The tothl grattts payable io insliiuti00S ID the yur w•5 ¥ follm" 31.8.25 31.8.24 Education Policy IDstiTh 149.000 Pa8e 13 continued...
AL ELEVATtON NOTES TO THE FINANCIAL STATEIL lETS- ¢oThts•ued FOR THEYEARENDED 31ST AUGiiST 2025 SUPPORT COSTS Gov¢rnatt¢¢ Mna8erncn¢ Finan¢¢ Total$ Educaiion thd tsaining J6 SupFK>rt cos¢4 included in the above. Are aB follows.. M•n•8ement 2025 2024 ao rcsth¢d Education Total trAinin8 Adminithlion Governinct lts 1025 2024 IS tal¢d FAlucaiion Tot&1 aclivitiu trainin8 Audilor5' r¢muThrrniiott TRUSTF.FSI RRMUNERATION AND BENEFITS There were EYJ thJses' rerDunmiion or other benefits for the ye*r ended 311¢ AuBuii 2025 ttor lor the year d¢d 3151 Augysl 2024. Truitee$' ¢Apenx• TILert wtyt ttD trusteej. exp&t paid for the year ended 31Jt Au8USt 2025 tr for th¢ y¢Ar ¢nd¢d 31si Au8us(2024. io. STAFF cosrs There wcre rto staff costs for the yetretthd 31 Au8U8t 2025 nor for the year ded 31 Augu•t 2024. Pagc 14 Continu..
AL ELEVATION NOTF.S TO THF. VINANCIAI. STATEMFliTS- ¢ontinutd FOR TFIE YF.ARENDED 31ST ALGUST2025 ii. PRIOR YEAR ADJUSTMEf4T The prior year adjustmettt r¢la1¢5 to the reco8nilion of grants payable to the Lauru5 TnJ51 and the opening otnmittcd granL8 liability on I September 2023. Th¢ djus¢rn¢ni h&$ resulied in an incrcase in ihe yegr cndcd 31st August 2024 ro p&bI¢ • dccreue in fvnd5 of £338.897. 12. CREDITO. AMouf4TS FALLING DUE WITHIN OPIE YEAR 2025 2024 s resiaied Trnde freth'tor5 Grants payabl¢ Ar¢n]¢d expens J39,485 lJ62.631 338,897 2.989.917 065 3 334214 13. CREDITORS: AMOUNTS FALLING DUE AFf&R MORE THAN ONE IEAR 2025 2024 As rtsthtcd Gran¢s pqyable 14. MOVEMENT IN FUNDS UnT¢$lri¢ied fund8 Th¢ unr¢$tri¢t¢d fijnds represenls the hlnds of the Jhd Èn¢lud¢$ Nmounts which the TTU&tcu have duignaitd for particular purposu. 15. OTHER FINANCIAL COMMITMF,14TS A¢ 3151 August 2025 the Ctharily had th¢ following ¢0mmiunM'. 31.8.25 31.8.24 Edu¢£tion Poli¢y knsutut¢ 6J.900 63,900 ThE fin&1 paym¢nl of ¢ach grani is condiiionll up)n the coryletioth and publi¢#tion of thc r¢xaTch projcct repoiL Pase IS ¢ontinucd.
ELEVATIOFI NOTF.S TO THE FINA)CIAL STATEMENTS- tontlnued FOR TIIF. VF.AR F.NDF.DJIST AUGUST2025 16. RELATED PARTY DISCLOSURES The charity is pr¢dominanrJy fided by AL Philanthropie4 a Charity in which Mr A Law {trusreel is also a IDJstee. The charity utabli5hed to support Thc Laurus Trurt (a Multi A(ad¢my Trust) in which AL El¢vation becatt)e tt CQTporat¢ mcmbcr IJ Novanbrr 2016. Dctai]s of 8rallts payJbl¢ to The Laun TnJg( #re d¢¢Jilcd in nok 6. The totsl doTrati¢J n¢eived from AL Philanthropie5 in th¢ y¢4r was £2335.000 12024 . £3,320,000). Page 16