The Sir Robert Ogden Charitable Foundation
Trustees’ report and Financial Statements
for the year ended
31 December 2024
Charity Number 1180422
The Sir Robert Ogden Charitable Foundation
| Contents | Page No |
|---|---|
| Reference and administrative details of the Charity, its Trustees, and advisors | 1 |
| Trustees’ report | 2 |
| Independent auditor’s report | 5 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Statement of Cash Flows | 11 |
| Notes to the financial statements | 12 |
The Sir Robert Ogden Charitable Foundation Reference and administrative details of the Charity, its Trustees, and advisors Year ended 31 December 2024
| Trustees | Lady Ana Ogden (Founder Member Trustee) |
|---|---|
| Anita Massarella (Appointed 23 September 2024) | |
| Malcolm Lynch (Appointed 22 November 2023) | |
| Justin Garnett (Resigned 23 September 2024) | |
| Charity registered number | 1180422 |
| Independent Auditors | Saffery LLP |
| 10 Wellington Place | |
| Leeds | |
| LS1 4AP | |
| Registered Office | 30 Victoria Avenue |
| Harrogate | |
| North Yorkshire | |
| HG1 5PR | |
| Bankers | Weatherbys Bank Ltd |
| 22 Sanders Road | |
| Wellingborough | |
| Northampton | |
| NN8 4BX |
1
The Sir Robert Ogden Charitable Foundation Trustees’ report Year ended 31 December 2024
Report of the Trustees for the year ended 31 December 2024
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2024.
Objectives and activities
a. Policies and objectives
The objectives of the Sir Robert Ogden Foundation are:
a) To promote, for the public benefit, the relief of human suffering from illness, through the provision of medical buildings in the county of Yorkshire, England.
b) To finance buildings and other medical projects, for the public benefit, on the campus of the University of Leeds in Yorkshire, England, for the medical educational advancement of the students.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.
b. Achievements undertaken to achieve objectives
The main area of charitable activity is the provision of grants to projects that support the primary objectives of the charity.
c. Use of volunteers
The charity is dependent on the voluntary work of the trustees in administering its funds. As this work has no tangible value this is not recognised in the financial statements.
Achievements and performance
a. Key performance indicators
During the year, the charity received £1,550,009 in donations (of which £1,500,000 was donated by Sir Robert Ogden CBE Hon LLD’s Legacy Trust Fund) (2023: £239,593, of which £230,000 was from Sir Robert Ogden Estates Ltd).
£521,736 (2023: £425,000) has been distributed in the year towards charitable activities.
The Trustees are very grateful to have received donations from the Sir Robert Ogden Legacy Trust Fund and from families who have appreciated the care for the treatment of cancer provided at the three The Sir Robert Ogden Macmillan Centres at St James’s University Hospital Leeds, Harrogate District Hospital and Friarage Hospital Northallerton.
The charity has £1,048,457 (2023: £18,107) of unrestricted funds at the year end.
b. Review of activities
Funds have then been distributed to Macmillan Cancer Support in line with the primary objectives of the charity. The grants paid each year to Macmillan Cancer Support are used towards the cost of constructing a cancer centre. The centre in Northallerton opened in December 2018.
The total amount committed to be paid per the Deed of Gift in 2017 was £3,250,000, and on 2 October 2024 a final payment was made to Macmillan Cancer Support. Of the total amount committed, £717,500 was paid personally by Sir Robert Ogden CBE Hon LLD and £2,532,500 was paid by the charity (also personally funded by Sir Robert Ogden CBE Hon LLD).
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The Sir Robert Ogden Charitable Foundation Trustees’ report Year ended 31 December 2024
Financial review
a. Going concern
The Trustees have considered the impact of the current economic environment on the charity’s income and beneficiaries. Trustees are confident that they have plans in place to deal with and mitigate any financial losses that may arise. The Trustees therefore consider that the level of reserves for the charity are adequate in preparation for the next charitable project. The Trustees continue to adopt the going concern basis of preparation for these financial statements.
b. Reserves policy
The policy of the charity is to maintain sufficient working capital to allow the trustees to carry out the next project under objectives of the charity. At the period end the Trust has restricted reserves of £nil (2023: £nil), unrestricted reserves of £1,048,457 (2023: £18,107) and free reserves of £1,048,457 (2023: £18,107).
c. Principal Risks and uncertainties
The trustees have not identified any significant risks associated with the activities of the charity. The reserves are at an appropriate level to adequately cover the immediate commitments as they stand and the trustees are satisfied that the funding for future commitments has been secured.
Structure, governance, and management
a. Constitution
The Sir Robert Ogden Charitable Foundation is a Charitable Incorporated Organisation (CIO). The CIO is constituted under a Trust deed dated 24 October 2018, with a charity reference number of 1180422 and a company number of CE015449.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.
c. Induction and training of Trustees
Following appointment, new Trustees will be introduced to their new role and given copies of the Trust Deed. A number of publications from the Charity Commission will also be provided. Trustees are aware that it is their responsibility to keep abreast of developments in relation to the governance of Charities under the Charities Act 2011.
d. Organisational structure and decision-making policies
The charity currently has three trustees who are responsible for the strategic direction of the charity. Responsibility for the day-to-day management of the charity is shared amongst the trustees.
Plans for future periods
The charity plans to continue to support a number of existing charities to carry out the next project under the objectives of the charity.
Fundraising
The charity does not undertake fundraising and therefore does not need to comply with fundraising disclosures.
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The Sir Robert Ogden Charitable Foundation Trustees’ report Year ended 31 December 2024
Statement of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles of the Charities SORP (FRE 102);
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Make judgments and accounting estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, applicable accounting regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
…………………………………………………… Lady Ana Ogden (Founder Member Trustee)
Date :
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The Sir Robert Ogden Charitable Foundation Independent auditor’s report to the trustees Year ended 31 December 2024
Opinion
We have audited the financial statements of The Sir Robert Ogden Charitable Foundation for the year ended 31 December 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives
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The Sir Robert Ogden Charitable Foundation Independent auditor’s report to the trustees Year ended 31 December 2024
rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements; or
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the charity has not kept sufficient accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees’ Responsibilities Statement set out on page 4, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditors’ responsibilities for the audit of the financial statements
We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.
Identifying and assessing risks related to irregularities:
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The Sir Robert Ogden Charitable Foundation Independent auditor’s report to the trustees Year ended 31 December 2024
We assessed the susceptibility of the charity’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charity by discussions with trustees and updating our understanding of the sector in which the charity operates.
Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales.
Audit response to risks identified:
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charity’s records of breaches of laws and regulations and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charity’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.
During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Other matter
The comparatives for the year ended 31 December 2023 were unaudited.
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The Sir Robert Ogden Charitable Foundation Independent auditor’s report to the trustees Year ended 31 December 2024
Saffery LLP Statutory Auditors 10 Wellington Place Leeds LS1 4AP
Date: 22 October 2025
Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
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The Sir Robert Ogden Charitable Foundation Statement of financial activities Year ended 31 December 2024
| Note Income from Charitable activities 3 Investment income 4 Total income Expenditure on Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 Total funds 2024 Total funds 2023 £ £ £ 1,550,009 1,550,009 239,593 13,695 13,695 2,598 |
|---|---|
| 1,563,704 1,563,704 242,191 |
|
| 533,354 533,354 431,823 |
|
| 533,354 533,354 431,823 |
|
| 1,030,350 1,030,350 (189,632) |
|
| 18,107 18,107 207,739 1,030,350 1,030,350 (189,632) 1,048,457 1,048,457 18,107 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 17 form part of these financial statements.
9
The Sir Robert Ogden Charitable Foundation Balance sheet Year ended 31 December 2024
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total net assets Charity funds Unrestricted funds 11 |
2024 £ 1,052,207 1,052,207 (3,750) 1,048,457 1,048,457 1,048,457 1,048,457 |
2023 £ 25,757 |
|---|---|---|
| 25,757 (7,650) |
||
| 18,107 | ||
| 18,107 | ||
| 18,107 | ||
| 18,107 |
The financial statements on pages 9 to 17 were approved and authorised for issue by the Trustees and signed on their behalf by:
………………………………………………… Lady Ana Ogden
(Founder Member Trustee)
Date:
The notes on pages 12 to 17 form part of these financial statements.
10
The Sir Robert Ogden Charitable Foundation Statement of Cash Flows Year ended 31 December 2024
| 31 December | 31 December | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cash flows from operating activities: | ||
| Net income/(expenditure) for the financial period | 1,030,350 | (189,632) |
| Adjustments for: | ||
| (Decrease)/Increase in creditors | (3,900) | 4,900 |
| ___ | ___ | |
| Net cash generated / (used) in operating activities | 1,026,450 | (184,732) |
| ___ | ___ | |
| Change in cash and cash equivalents in the period | 1,026,450 | (184,732) |
| Cash and cash equivalents at the beginning of the period |
25,757 | 210,489 |
| ___ | ___ | |
| Cash and cash equivalents at the end of the period | 1,052,207 | 25,757 |
| _ __ ___ | _ __ ___ |
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
1. General information
The Sir Robert Ogden Charitable Foundation is a charitable incorporated organisation. The trust is a registered charity in England, charity number 1180422. The principal office is 30 Victoria Avenue, Harrogate, HG1 5PR.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and 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 involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Sir Robert Ogden Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical costs or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The Trustees have considered the impact of the current economic environment on the Charity’s income and beneficiaries. Considering the significant increase in reserves, the Trustees therefore consider that the level of reserves for the charity are adequate. The Trustees continue to adopt the going concern basis of preparation for these financial statements.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity’s accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.4 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.
Expenditure of charitable activities is incurred on directly undertaking the activities which further the charity’s objectives, as well as any associated support costs.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. Grants payable are charged in the year in which the grant is paid to the recipient, unless it is conditional. Conditional grants are recognised when the conditions attached are fulfilled.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Taxation
The charity is considered to pass the test set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimate reliably.
Liabilities are recognised at the amount the charity anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods and services it must provide.
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised costs using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
3. Income from charitable activities
| 4. Income from investment activities Unrestricted funds 2024 £ Bank interest received 13,695 13,695 Total 2023 2,598 Unrestricted funds 2024 £ Donations received 1,550,009 1,550,009 Total 2023 239,593 |
Total funds 2024 £ 13,695 13,695 2,598 Total funds 2024 £ 1,550,009 1,550,009 239,593 |
Total funds 2023 £ 239,593 |
|---|---|---|
| 239,593 | ||
| Total funds 2023 £ 2,598 |
||
| 2,598 | ||
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
5. Analysis of expenditure on charitable activities
| Unrestricted funds 2024 £ Grants paid (see below) 521,736 Legal fees 4,549 Independent examination fee / Audit 4,390 Support costs 2,501 Bank charges 178 533,354 Total 2023 431,823 Analysis of grants Analysis Macmillan Cancer Support – core grant Macmillan Cancer Support - sundry Total 2024 Analysis of grants – prior year Analysis Macmillan Cancer Support – core grant Total 2023 6. Auditor and Independent examiner’s remuneration Audit of the charity’s annual accounts Independent examination of the charity’s annual accounts |
Total funds 2024 Total funds 2023 £ £ 521,736 425,000 4,549 2,915 4,390 2,918 2,501 898 178 92 533,354 431,823 431,823 Grants to institutions Total £ £ 520,000 1,736 520,000 1,763 521,736 521,736 |
Total funds 2023 £ 425,000 2,915 2,918 898 92 |
||
|---|---|---|---|---|
| 431,823 | ||||
| Grants to institutions Total £ £ 425,000 425,000 425,000 425,000 |
||||
| 2024 2023 £ £ 4,390 - - 2,918 4,390 2,918 |
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
7. Trustees’ remuneration and expenses
During the year ended 31 December 2024, no Trustees received any remuneration or other benefits (2023: £nil).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023: £nil).
8. Employees
There were no employees during the year (2023: nil).
9. Creditors
| Amounts falling due within one year Accruals 10. Statement of funds Statement of funds - current year Balance at 1 January 2024 Income £ £ General funds 18,107 1,563,704 Statement of funds - prior year Balance at 1 January 2023 Income £ £ General funds 207,739 242,192 |
2024 £ 3,750 Expenditure £ (533,354) Expenditure £ (431,824) |
2023 £ 7,650 Balance at 31 December 2024 £ 1,048,457 Balance at 31 December 2023 £ 18,107 |
|---|---|---|
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The Sir Robert Ogden Charitable Foundation Notes to the financial statements Year ended 31 December 2024
11. Analysis of net assets between funds
Analysis of net assets between funds – current period
| Current assets Creditors due within one year Total Analysis of net assets between funds – prior period Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 1,052,207 (3,750) 1,048,457 Unrestricted funds 2023 £ 25,757 (7,650) 18,107 |
Total funds 2024 £ 1,052,207 (3,750) 1,048,457 Total funds 2023 £ 25,757 (7,650) 18,107 |
|---|---|---|
12. Related party transactions
During the period, the charity has entered into the following transactions with related parties:
| Sir Robert Ogden Estates Limited - Donations received OSS Legacy Fund – Donation received |
2024 £ - 1,544,000 1,544,000 |
2023 £ 230,000 - 230,000 |
|---|---|---|
Sir Robert Ogden Estates Limited and The Sir Robert Ogden Charitable Foundation have common directors/trustees. The OSS Legacy Fund is part of the will of the late Sir Robert Ogden CBE LLD.
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