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 wa￿d 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 ￿c￿at50ThS 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 IIna￿l31 Statements of The Ashley Tabor-Kin8 Foundatlon for the year enéed S April 2024 which comprise the Statement of linancial ac[l￿tIes. balarKe sheet. statement of cashflow5 arKI notes 10 ihe financial 5LateTnents, inclL*Sing 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 I￿land 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 t￿n ended. . haye E¢en properly prepared in accorda￿ with Lkniteibnation5 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 fUr￿S 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￿ E￿f￿ 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 T￿21} 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 agr￿d 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 r￿uneratIOn 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 F￿ndatIon'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.