The Ashley Tabor-King Foundation Financial Statements Year Ended 5 Aprtl 2024 Charfty No.: 1178634
The Ashley Tabor-King Foundat70n Report and Financlal Statements for the year ended 5 April 2024 Content5 Pa4e'. Reference and admlnistrative Information Report of the Tw5tees Independent Auditorfs Report Statement of Flnanaal Activitle5 Balance Sheet Statement of Cash Flow 9.11 Note5 fotming part of the Financial Statements Trustees Ashley Tabor.King CBE Lord Allen of Kensington CBE Emma Bradley Iretired 18 May 20231 Stephen Miron Sebastian En5er-Wight sally CaTrns Prlnclpal Oftice Global MedTa & Entertainment Ltd, 29.30 Leicester Square. London, WC2H 7LA Accountants BDO LLP, 55 6akei Street. London, W1 U 7EU Bankers Coutts & Co, 440 Strand. London. WC2R OQS Independent Auditor Perrys Audit Limited, Churchdown Chamber5, Kent. TN9 1 NR
The Ashley Tabor-Klng Foundatlon Report of the Trustees for the year ended 5 Aprll Z024 The Tru5tee5 present their report along wth the flnancial statements of the tharlty for the year ended 5 April 2024. The Flnancial Staternents have been prepared in accordance wlth the accounting policies set out on page 9 and crynply with the charity's tnjst deed and applicable law. Structure, Govemance and Management The Ashley Tabor.King Fwndatlon Is constituted under a trust deed dated 31 May 2018. created by the settlor. Ashley Tabor-King CBE. The Trustee5 who have served ¢Jurlng the year and Sin the year end are set out ffi page 1. The first tru5tee5 are as foll¢)ws land are appointed for the following terms). Ashley Tabor-Klng CBE IChalrl17 years) Lord Allen of Kensington CBE15 year51 Emma Bradley15 years) Stephen Miron {5 year51 Where there Is a requirL¥nent for new Trustees, this wad be Identlfied by the remalning Trustees. There must be al least three Tru5tee5 and, apart from the first trustees, new trustee5 must be appointed fw a temi of 3 years. Risk management The Trustees have examined the major strateglc. buslne5s and operatlonal rtsks which the tharity faces an conflrm that system5 have been establlshed to enable regular reports to be produced so that suth risks are continuously monitored and that appropriate steps can be taken to le55en these risks. Objectlves and Actmtles The objects of the charity are the advancement of any charitable purp)ses for the publlc benefit as are exclusively charitable according to the laws of England and Wale5 as the trustees may from time to timè detemiine. In partlcular: to advance the health and welfare of first responders w) suffer from posl.traumatic stres5 disor(ler. physical ham andlor mèntal hami attribL%table to or associated with thefjr employment. First responder5 may indude Ibut are not Ilmited tol paramedic staff- first iespondlng medical staff., call centre handlers; mountaln rescue; RNLI life boat rescuerS1 police officers; flre fighters: and the bereaved families of first responder5 who have died ir) servlce" to advan in life and help young people through providing supwt and activities which develop their skllls, capacitles and capabiliiles to en*le to participate in yjdety as mature and re5pon5ible individuals. Grant makin8 policy All apFlications received are considered by the Trustees on their own merit fly sultability of funding. Publlc beneflt In meeting the objectives the TrLbStees have given careful c¢nsideratlon to the Charity Commlssion's general guidance on publlc benefit and Judge that all cat50ThS made meet thi5 guidance. All donation5 are listed In note 4 on page 10.
The Ashley Tabor-King Foundatfon Report of the Trustee5 for year ended 5 April 2024 {continued) Achievements and Performance The Foundation received initial fundlng on 31 May 2018 followlng which the Trustee5 have Started to apply their funds in accordance with the objectives of the Foundation and their giant makTrng policy. Donations totalling C350,ODO have been rnade in the year 12023 £1,334,600) and are detalled in rK>te 4 of these Financ5al Statement5. Reserves pollcy The Trustees, pDiTrcy is to maintain their continu5ng level of SUPPDrt under the grant making poilcy that they have a2reed, If income r@%ource5 are insufflcient to cover the grants then recourse is made to the other fund5 of the Triist. The Tru5Eees dt) not consider that any rninimum level of resources is required. Plans for the future The Twstee5 intend to continue providing grant5 in a similar way lo the recent past but retaininq flexibility as to the liming, and gcale of grant rnaking. Trustees. respon$5bllities in relation to the financlal statements Law applicable to charitie5 in England and Wales require5 the Trustees to prepare financial stat6Ynents for each fin31)ci31 year whicli give a true ènd fair view of the charity's financlal activltles during the year and of Its financial position at the end uf the year. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. make judgements and estimate5 that are reasonable and prudent; state whelher arplicable accounting standards and statements ol recornmended practice have been Tollowed subject to any departure5 disclosed and explalned in the fTnanllal statenients; and prepare the financial statements on the going concem basis unles5 it is inappropriate to presume that the charity Mryll continue in operation. The Trustees arè responslble for keeping accounting records whl£h disclose wth reasonable ac(uracy at any time the financlal p051tion of the charity and enable them to ensure that the financial statement5 £offlply with the Charities Act 2011. the Charity IA£counts artd Repoltsl Regulations and the trust deed. They are also responsible for safepuardlTrg the a55et5 01 the charity and hence for taking reasonable steps for the prevention and detection Df fraud and other irregularities. Approved by the Trustees signed on thetr Wehalfly: Ashley Tabor-Klng CBE TTUStee Date..
Independent Audltor's Report to the Trustees of the Tho AshlèyTabor.Klng Foundation Oplhlon We have audited the IInal31 Statements of The Ashley Tabor-Kin8 Foundatlon for the year enéed S April 2024 which comprise the Statement of linancial ac[ltIes. balarKe sheet. statement of cashflow5 arKI notes 10 ihe financial 5LateTnents, inclLSing slgnlficanl accountin8 wllcies. The flnartlal rewrtlng framework that ha5 been applied in thelr preparation is applicablè law and Unfted KiTrEdom Accounling Standards, includlng FitBncial Reportirq Standard 102 The Finantial Rewrting Standard applicable in the UK and Republlc of Iland Iunlted Kir4th)m Generally Accepted Aecourtling practi). In our oplnion the finantfal 5taternents: give a true and falr vÉew of the statè of the Charity's affalr$ a5 al 5 Aprll 2024 and of its incomin8 re50urce5 and applrailDn of re50UTces. for thÈ year tn ended. . haye E¢en properly prepared in accorda with Lknite<l Klnglkn Gerffilly Accepted Accounting Practlce,. - have been prepared in accordare with thè requirements of ItrE Charilies Act 2011. Basis for oploion We conducted our audit In atcordarKe wlth Internatlonal Stanthrds on Audlting IUKI IISAS IUKII and appllcable law. OUT resp)nsTbilities urider tlh)se standards are further described In the Audltor'5 respon51billtles fur tlre oudit of the [Inooci(tl stotements Section of our report. We are fThkpendeni of the chariLy fn aceordance with the ethkal requiTernenl5 that are relant to aur audlt of the fSnarKfal staentS lfi the UK IlUdIng the FRC'5 Ethlcal staard. and we have fulfllled our Dlher elhical re5wisibiliries ts) a¢¢ordance wlth these requlrements. We belleve thal the audit eyldence we have obtained 15 stsffiaent and appr¢pn"ate to PTI)vide a basls for our opinion. Cortcluslons rtrlaUn4 to 8ofn8 ¢Olltem In auditing the ftftancial statements, we have ¢¢)Luded that the Wanbers of the P4)ard Trnstres use of the wng concern ba515 of accounting in the preparation of the financlal stalements Is appropriate. Based on tr£ work we have perforrned, we have not idenlified any material uncertaintie5 relaling to event5 Qr conditions thal, indivtdually or collectively, may tast Sl8Thlficant doubt on the Charitys ability to contlnue as a 8Uln8 IVllEEin for a period of at Least twelve ITTrth5 from when ihe h"nan¢lai sLa¢ements a aJthori5ed for 555ue. Our re5ponslbllltle5 and the reswnsibllltles of the Ttus¢eès respect to going conwn are described irk the relevaDI sectTon5 of th15 rewrt. Other Informatlon The otlw inforrnatlon compmses thè informatlon 6ncluded In the arsnual report other than the finarKlal Statements and our audltor's report thereon. The trnstÈe5 are responsible for the other informatfjon crmtained thin the annual repDrt. Our (jpiniO on the financlal stliements does not cover the otr Information and we do not express any form of a55urance conc(u5ion thereon. Qur pOnSIbIlIty Is read the other Snfornmiicn aAd, In dDfng so. consider whether the other tnformation 15 rTraterially Incons15tent the financlal staMentS or our kTk)wled8e obtained in the COU of the audit. or otherwise appears to Èe materially mlsstated. If we identlfy sueh materlal incon55$teKie5 w apparent materlal misstateffnts. we are required to drtermine whether there f5 a mèterlal TnÈ$5LatemenL In the financial statements themselve5. If. based on the w£fk we have perforFFEd. we conclude that there is a materlal misstatement of thls other Information, we are required w repori that facl. We have rM)thin8 to report th15 regard. hlaiters on whfch we are rquqred to report by exceptlon We haye nothing to report in respect of the followin8 malter5 Ift reialion to which the Charftie5 IAccounts and ReFM)rtsi Regulations 2tl)8 require u5 to reporl ¢0 you If. fn èur opinlon.. the informatioa glven In the financlal 51aiement5 15 IKr5tstent In any maitrial respect vilth the Members of the Board Trustees rewt. or Jfficipnt accounting record5 havÈ not been kept: or the fiftanc5al siatemEnts are rnt In agreemeni with the accounting recorls., ¢r we have rK¢t received all the ftrformarlon and explanatlons we require for our atsdil.
Independent Audltor's Rwrt to the Trustees of the The Ashlty Tabor-Kln8 Foundatlon Responslbllitie5 of trustees Ay explatned more fully in the 5tatcment of Members of the Board Trustee5 responslbilllles, the TN¥tee5. who are a150 the directDfs 1)1 the r.hariiy for the purtM)se ol comp&ny law, are responsible for the preparation of the financlal statenMt5 antl fo¥ being 5aiisfied that they give a In and lalr view, and for such 7nternal control as the T¥u5tee5 determine Is necessary to enable ihe preparation of financial state[ntS that are freè from rnèterlal rn155tatemenl, whether due to fraud or error. ITh prepadng the financial statements, the TAtee$ are respgn5Tble for assessln8 the Chalty's ablllty ¢0 cont1*7ue as a golng concern. dist1051ng. as èppllcaElp, matter5 related to going concem and uslng the going cQcern ba5)5 of accounting unless Ihe TfU5tee5 either intend w liquidaLe charitable company or to cease operation5, or haye m realistic aliernative tsut io 010. Auditor's re5ponsfbilFtles for tho audlt of the fInarla1 statements We havc been appointed a5 auditor und2r section 144 of the Chariiies Atl 2011 ar reFK)rt in accordance with the Aci and rele¥ant regulations made or hawng effect thereunder. Our oblectlve5 ère to obtain reasonable assurance aiw)ut whether ihe financial statements as a whole are free from materi&l m155tatem2nt. whethèr due to fravd or er¥or, and tts155ue an auditDfs rewrt that inclu¢les our opinion. Reastr)able assurÈnce Is a hi81i level of assurènte but is not a guarantee that an a11( cttndLJcled in accordance with 15As IUKI will alway5 detect a material misstaterneni when it exists. Mi55tatements can arlse from fraud or error and are consldered material 11, individually or In the aggregate, they could reasonably be expected to influence the economlc decisions ol users tak¢n on the basis of these financial slaremeDts. The exLent to wh1ch our procedure5 are cap8ble of detectln8 Érregul3rttle5, lTrcludin4 fraud, Is deiailed betow. We gained an uMdEf5tanding of the legal and regulatory framewoth dpplicable tD the cornpany and the Industry in whth it optr&te5. and con5idwed the risk ol acts by the rompany ihat were contrary to applichble laws and regulatlOn5, Including fraud. We designed aitdit procedwe5 to respond to the nsk, recognlsirE ihal the rlsk of Not detecting a marerlal rni5Statemeni due to fraud T5 higher thaTF the risk of nor detecting one resulting frorn error. 0$ fraud tD4y involve dellberète concealment by, for example, forgery or intentional MispreSentatIonS, or thrw9h ccllusTOn. We fEKused on laws anc. regulatiuns which could glve rtse to a rnaterlal mi55taterrent in the flnancial statement5, Including, but not Iilnited 10. the charitles aci 2011 and UK tax leg5slalfon. Ovr tests Included agreeln8 the financlal statement di5rlosure5 to underlwng supwrting documen¢aiion and enquIrI wtth management. We did noi identify any key audit malteT5 relatm8 to irregularitSes. including fraud. As in all our audits. we also adLlre5sed the risk of rnanagement ovorrtde of internal controls, Including testin8 lottrna15 and evaluatlng Wheth there wa5 evidence of bias by the directors that represented a risk of material rni5Staternent due fraud. A fiiril)er dEscriptTDn ol our responslbi1Stles 15 available tsn the Financlal Reporting Councll's website at www.frc.OTg.uk I a15diior5 . audit-assurancp l audTLoi 5 responsibilitle5 for the audli / éescriptlon of the auditor5 responslbllltles for the authi DI the finala{ stbiement5. Use of odr reprjr t Th15 rep)rt 1% tllade 501ely to the charfLy'5 trustees, as a body. in aceordancè with part 4 (jf the Cha41tlp5 IAccounts and Repor151 Regulallcns 2W8. (ktr audit work has been undertakeii 50 that we tnight srète to the charity's trustee5 those mailer5 w£ are i equired io state to them in an duditor5 report and fDr other purpose. To Llie fullest extent permitted by law, we (I accepl ur assume reswn5Tbilily kn anyone other than the charity and the charity's trustEes as a body. for our audit work, for this report, or fi)r Ihe opintons we have formed. Stephen Hèlp (Senior Statutoiy Auditorl For and on behalf of Perrys Audit Limltecl Chartered Accountants 4th Floor 399-.101 Sliand LDndon WC2R OLT
The Ashley Tabor-King Foundation Staternent of Flnancf41 Actmtles for the year ended 5 Aprll 2024 Notes 2024 2023 Incorne and endowments from t>ibnation5 and legades 1,363.533 1,239,296 ExpendÉtUfe on Charitable activilie5 Aclivities undertaken Support costs 350,000 25,848 1,334,600 26,628 Total 375,848 1,361,228 Net Income I lexpendltwe) 987,685 {121,9321 Total fUrS at 6 April 2023 4.655 126,587 Total funds at 5 Aprll 2024 992.340 4,655 All funds are unrestrttted and relate to continulng activities. The notes ffl pages 9 to 11 form part ol these financlal 5tatementS
The Ashley Tabor-King Foundation Balance Sheet a5 at 5 Aprfl 2024 Notes 2024 2023 Current Assets Cash at bank and in hand Debtot5 1,004,625 4,200 1,1)08,825 1,139,255 23,073 1.162,328 Current Liabllltles Creditors-. amounts falling due within one year 8 Total Net Assets (16,4851 11.157,6731 992,340 4,655 Funds unrestrict Fund5 992,340 4,655 Approved by the Tnistees and signe•d by: Ashley Tal)or-Klng COE Trustee Date., 2fj4 Ef 262 The notos (n page5 9 to 11 form part of these financial statements
The Ashley Tabor-Klng Foundation Statement of Cash Flow Notès 2024 2023 Net cash used In operatlng artlvftles (134,6301 1,000,000 Change in (ash in the year (134,6301 1.000,000 Cash brought fotward Cash carrfed fonyard 1, 139,255 1.004,625 139.255 1,139,255 Represented by: Coutts and Co 1.004,625 1.139.255 1,004,625 1.139.255 The rntes on pages 9 to 11 form part of tlRse finanaal statements
The Ashley Tabor-King Foundation Notes to the financlal statements for the year ended 5 Aprll 2024 1 PrincTpal Accountlng Polldes lal Accountlng convention The financial Statements are prepared under the historical cost convention and in preparinq the financlal statements the charfty follow5 best practlce as laid down In the Statement of Recomfflended Practice "Accounting and Reporting by Charities" IChaTltie5 SORP IFRS T21} and comply with the Charitie5 (Accounts and Reports) Regulations 2008 iSSkJed under the Charities Act 2011. Ib) Donatlons. lega¢ie5 and slmllar Income Donation5, Icgacies and similar income are shown in the account5 when receivable and the walue of the incoming re%xirces can be measured with sufficient reliabilTty. Ic) Resources expended Liabilities are recognised as reswrces expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expendllure is acci)unted for on an accruals basi5. Idl Charitable actTVlties Cost5 of charitable actiiritles include grants made and an apportionment of overhead and support cost5 where applicable, Grant5 payable are payments made tu third parties in the furtherance of the charftable objectiYe5 of the Trust. Single or multl.year grants are accDunted for when either the recipient has a reasonable expectatlo that Ihey will recelve a grant and the trustees have agrd to pay the grant without condit?on, or the reopient ha5 a reasonable expectation that they wll receive a grant and any condition attaching to the grant is outside of the control of Ihe Tnjst. lel Governance c05tS GoverTrance costs comprise cost5 relatin£ to the general nJnning of the charity a5 opposed to those associated ith generating funds or charitable activity, If) Taxaiion Thp charity 15 exeiiipt from tax on its charitable activities. Ig} Foreign currencies Assets and liabilities in foreign currencle5 are translated into stwiing at the rate5 of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exthange ruling at the date of transaction. Exrhange difference5 are taken into account in arriving at the operatlng re5uIt. Ihl Going concern The irustees consider that therc are no rnaterial uncertainties about the abllily to continue as a going concern. 2 Donatlons 2024 2023 Donalions received 1.363.533 1.239.296
The Ashley Tabor-Klng Foundatlon Note5 to the flnanclal statements for the year endod 5 Awll 20Z4 3 Charitable actfvitles Actlvltles Undertaken Dlrectly (see note 4} Support Costs (see note 5) Total 2024 Total 2023 Donatlons 350,000 25,848 375.848 1,361,228 4 Grants pafd or payable Resistered Charfty No. 2024 2023 Baker Dearlng Educational Trust Global Academy UTC Trust LNnlted Taigh Mor Foundation 1138894 UK 1184933 200.000 1,134,600 350,000 350,000 1,334,600 5 support costs 2024 2023 Accountancy, Advisory & Audit fee5 Bank charges Legal fees 18,240 30 7,578 12,540 14,088 25.848 26,628 6 Cash at bartk and In hand 2024 2023 Coutts and Co 1,004,625 1,139.255 7 Debtors 2024 2023 Due from Ashley TabcK-King 4,2 23,073 10
The Ashley Tabor-Klng Foundatlon Not to the flnanclal staternents for the year ended 5 April 2024 8 Creditors: Arnounts falling due wlthin one year 2024 2023 Donatlon payable Acccuntancy fees Audit fee5 Independent examinerfs fee5 Legal fee5 1.134,61xi 7,245 1,200 540 14,088 7,875 8,610 16,485 1,157,673 9 Reconclllatlon of net movements In funds to net cash flow from operating attivitles 2024 2023 Nef. incamellexpenditurel for the year Ilnr.reaseildecrease in debtors Increa5el Idecrea5el in cr'editors 987.685 18.873 11,141.168) 1121.9321 126,927 995,005 (134,630) 1,000,000 10 Trustee5' remuneration and benetit5 None of the TriJstee5 have been paid any runeratIOn or received any other benefits from the Charity12023 none). 11 Tru5tees' expeN5es No trustees. expeiises were incuffed In the year ended 5 April 202412023 - none). 12 Related party transartions Three of the FndatIon'S Trustees, namely Ashley Tabor-King, Stephen Miron and Emma Brai11ey (who resigned as a Trustee on 18 May 20231 are rTrembers of the Global Academy, who the Foundation made a £1,134,600 donation to in the pievious year. The Trustee minuies confirm that the above Trustees were excluded from the deci510n whether to donale to the Global Academy. 13 Post year end transactions After the year end, a Deed of Gift wa5 signed on 30 April 2024 committing £1,000,000 to the London Air Atllbulance Service.