The Audley Foundation
(Charitable Incorporated Organisation)
Report and Financial Statements For the Year Ended 31 December 2024
Charity Number: 1187871
The Audley Foundation Contents
Contents
Reference and administrative information ...................................................................................................... 3 Chairman's Message ………………………………………………………………………………….…………………………………………......4 Independent Review Report………………………………………………………………………….……………………………………………7 Statement of Financial Activity for the year ended 31 December 2024 .......................................................... 8 Balance Sheet as at 31 December 2024 ........................................................................................................... 9 Cashflow statement for the year ended 31 December 2024…………………………………………………..………..……….10 Notes forming part of the Financial Statements for the year ended 31 December 2024…………….……..11 - 14
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The Audley Foundation Reference and administrative information
Charity Registration Number:
CIO 1187871
| Trustees Anne Foster |
Trustees Anne Foster |
|---|---|
| John William Nettleton | |
| Tanisha Robinson-Noel | |
| Jason Shaw Mark Sadler – Appointed 27 Feb 2024 Jenny Hunt – Appointed 4 March 2024 |
|
| Principal address The Audley Foundation Clark House 65 High Street Egham TW20 9EY Independent Reviewers Malander Advisory UK Limited 16 Upper Woburn Place Greater London WC1H 0AF |
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The Audley Foundation Chairmans Message
Summary
2024 was the Audley Foundation’s third full year of operating and we are pleased to report that we grew the revenue and amount donated to charity from previous years.
We donated £58,312 to over twenty charities including acquiring and installing two chatty benches (in 2023 we donated £41,689 to charity and acquired two benches).
Fundraising
In 2024, our income totalled £ 90,506 with Audley Villages and Head office raising £29,697 , corporate fundraising of £30,809 and a donation from Audley Group of £30,000 to cover our administrative expenses and monies to incentivise fundraising.
The most successful fundraising events were Foundation Week (£10,300), Match Funding (£19,576) and a Corporate Dinner £19,955.
Foundation Week took place in MayEeach village and Audley’s Egham office organised events involving Owners and the Audley team. This not only raised money, but provided fun and team building between the Owners and Audley team. Events at villages included bake offs, car washes, hair cutting, as well as an Audley Cycle which involved cycling on a stationary bike to complete the 650 mile journey from Audley Clevedon to Audley Stanbridge Earls.
During Foundation Week, members of the Audley team took part in a variety of events including, London to Brighton Cycle Ride, a Skydive, Snowdon Climb and the 7k Blenheim Palace Run, where one staff member raised £1,606.
Match funding took place in October and November. We challenged each village to raise money, with the Foundation matching monies raised up to a maximum £1,000 per village. Take-up was much improved on the previous year, raising an impressive £19,576.
The Audley Foundation also held its second Charity Dinner at Audley Nightingale Place in Clapham. Karolina Gerlich, CEO of the Care Workers’ Charity spoke about their initiative to provide care workers with emergency grants. The event raised a tremendous £19,955. Thanks to our main sponsors Eversheds Sutherland, and to Golley Slater, Aston Lark / Howden, Entegra, Bidfood, Destiny Foods, Halewood Artisanal Spirits, Fairfax Meadows, and Unity Wines who donated money or food and wine, and all 81 attendees who purchased tickets.
Other events that raised funds included an Egham auction of wine, Summer Fairs, and Christmas Fairs, as well as numerous individual events at Villages and Egham.
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The Audley Foundation Chairmans Message
Giving.
From monies raised in 2024, we donated a total of £58,312 to charities.
It was pleasing to see the variety of causes that each village nominated for their support. These were: MacMillan Cancer Support, Age Concern GX Plus CIO, Dementia UK, Sam Beare Hospice, St Richard’s Hospice, Princess Alice Hospice, Cancer Research UK, Age UK, Royal Trinity Hospice, ALIVE, St Gemma’s Hospice, Ashgate Hospice, Birmingham Hospice, Alzheimer’s Research UK, Thames Hospice, South Bucks Hospice, St John’s Church, The Myton Hospice, Chiltern Music Therapy, Sue Ryder Manorlands Hospice, Friends of Clapham Common, Brace and The Sunningdale Hope Trust. These donations totalled £58,312.
Audley Foundation Dinner took place for the second year running. The dinner was very successful and the funds raised was distributed amongst the charities mentioned above.
We have also installed two Chatty Benches in Redwood and St Elphin’s. This is an Audley Foundation initiative to provide a bench close to an Audley village where local people might chat and perhaps form friendships to ease their loneliness.
Reserves
It is a requirement of the Charity Commission to have ‘in reserve’ 3-6 months of administration costs. At the end of 2024 we had reserves totalling £27,850 .
Governance
The Audley Foundation is a separate legal entity to Audley Group with separate management and accounting.
At the end of 2024 we had six Trustees – two Audley employees, two Audley Owners (village residents), and two external people.
Our Policies cover Financial, Privacy, Reserves, Risk Register and Safeguarding. All can be found on our website.
Audley Group
In addition to a major donation from Audley Group for administration expenses and to encourage donations, we had considerable non-financial support from the Group as a whole, particularly employees’ time from finance, marketing, human resources, and village management. This continues to be much appreciated.
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The Audley Foundation Chairmans Message
Overall, the Trustees are pleased with progress of the Foundation in its third year of operation, and are confident that it forms a solid start to growing the Foundation in the future.
John Nettleton Chairman
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The Audley Foundation Independent Review Report
I report on the accounts of the charity for the year ended 31 December 2024, which are set out in the accompanying financial statements, which are set out on pages 8 to 14.
My examination has been carried out in accordance with Section 145 of the Charities Act 2011 and the Charity Commission’s Directions (CC32).
Responsibilities of Trustees and reporting basis
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The preparation of the accounts in accordance with applicable law and the Charities SORP (FRS 102 / FRS 105);
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s Statement
I am qualified to undertake the examination by being a qualified member of the ICAEW, and I am not disqualified from being independent under Section 145(4) of the Charities Act 2011
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
Conclusion
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
L Malander ACA ICAEW Malander Advisory UK Limited 16 Upper Woburn Place London WC1H 0AF
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The Audley Foundation Statement of Financial Activities (incorporating income and expenditure) for the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 2 Total income and endowments Expenditure on: Charitable activities 3 Total Expenditure Net Income/(expenditure) for the year Transfer between funds Net movement of funds Reconciliation of funds Total funds brought forward 9 Total funds carried forward |
Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 90,505 - 90,505 94,236 |
|---|---|
| 90,505 - 90,505 94,236 |
|
| 87,928 - 87,928 80,383 |
|
| 87,928 - 87,928 80,383 |
|
| 2,577 - 2,577 13,853 - - - - |
|
| 2,577 - 2,577 13,853 |
|
| 25,273 - 25,273 11,420 |
|
| 27,850 - 27,850 25,273 |
All recognised gains and losses are included in the above Statement of Financial Activities. All income and expenditure derives from continuing activities.
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The Audley Foundation Balance Sheet as at 31 December 2024
| Notes Current Assets Debtors and prepayments 7 Cash at bank and in hand Creditors: Amounts falling due within one year 8 Net Current Assets /(liabilities) Net Assets /(liabilities) The funds of the charity: Restricted Funds 9 Unrestricted Funds 9 Total charity funds |
31-Dec-24 31-Dec-23 £ £ 6,282 5,953 63,881 72,957 |
|---|---|
| 70,163 78,910 (42,313) (53,637) |
|
| 27,850 25,273 |
|
| 27,850 25,273 |
|
| - - 27,850 25,273 |
|
| 27,850 25,273 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31st October 2025
and were signed on its behalf by:
John Nettleton Chair
The notes on pages 11 to 14 form part of these financial statements.
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The Audley Foundation Cashflow Statement for the year ended 31 December 2024
| Net cash flow from operating activities Cash flow from investing activities Payments to acquire tangible fixed assets Net cash flow from investing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at 1 January 2024 Cash and cash equivalents at 31 December 2024 Cash and cash equivalents consists of: Cash at bank and in hand Cash and cash equivalents at 31 December 2024 Reconciliation of net income / (expenditure) to net cash flow from operating activities Net income / (expenditure) for year / period Decrease/(Increase) in debtors (Decrease)/Increase in creditors Net cash flow from operating activities |
31-Dec-24 31-Dec-23 £ £ (9,076) 54,416 - - |
|---|---|
| - - |
|
| (9,076) 54,416 72,957 18,541 |
|
| 63,881 72,957 |
|
| 63,881 72,957 |
|
| 63,881 72,957 |
|
| 31-Dec-24 31-Dec-23 £ £ 2,577 13,853 (329) 7,073 (11,324) 33,490 |
|
| (9,076) 54,416 |
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Notes to the Financial Statements for the year ended 31 December 2024
The Audley Foundation
1) Accounting Policies
(a) Basis of preparation of financial statements
The Audley Foundation is a charitable incorporated organisation registered in England and Wales. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are set out in the Trustees Report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Account Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
(b) Fund accounting
Unrestricted funds 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
(c) Income
All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from the sale of goods and services is recognised on delivery.
(d) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised when there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.
Support costs, which cannot be directly attributed to particular activities, have been apportioned proportionately on a basis consistent with the use of the resources. Governance costs include the costs of servicing the Board of Trustees’ meetings, independent examination and strategic planning.
(e) Debtors and prepayments
Trade and other debtors are recognised at the settlement amount due after any trade discounts. Prepayments are valued at the amount prepaid net of any discounts.
(f) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount to settle the obligation can be measured or estimated reliably.
(g) 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.
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The Audley Foundation Notes to the Financial Statements for the year ended 31 December 2024
(h) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
The charity is not registered for VAT purposes.
(i) Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
2) Donations and legacies
| 2)Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds 2024 |
Total Funds 2023 |
|
| £ | £ | £ | £ | |
| Donations | 90,505 | - | 90,505 |
94,236 |
| 90,505 | - |
90,505 |
94,236 |
All income from donations for the current and prior period was unrestricted income totalling £90,505 (2023: £94,236).
3) Analysis of expenditure on charitable activities
| Bank charges and fees Consultancy Donations Events Finance costs Insurance Marketing Professional fees Recruitment Costs Subscriptions Training Travel costs Total Support costs Total expenditure 2024 Total expenditure 2023 |
Charitable activities Support and Governance costs Total 2024 Total 2023 £ £ £ £ 410 58 468 590 - 14,189 14,189 16,340 21,913 36,399 58,312 41,689 3,445 - 3,445 10,709 - 3,546 3,546 900 - 3,241 3,241 3,569 - 427 427 494 - 3,496 3,496 3,650 - - - - - 577 577 522 - - - 1,920 - 227 227 - |
|---|---|
| 25,768 62,160 87,928 80,383 62,160 (62,160) - - |
|
| 87,928 - 87,928 80,383 |
|
| 80,383 - 80,383 |
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The Audley Foundation Notes to the Financial Statements for the year ended 31 December 2024
4) Trustees' and key management personnel remuneration and expenses
No members of the Board of Trustees received or waivered any remuneration nor received any reimbursement for expenses claimed (2023: £nil).
5) Employee remuneration
The Audley Foundation did not have any employees during the year.
6) Related Party Transactions
Audley Group Limited supported the Audley Foundation throughout the year by donating £39,318 in the current year (2023: £43,903). Of which £9,318 was received in the current year (2023: £8,756) from Audley Group Limited in accordance with the match funding principles in places regarding the donations.
7) Debtors
| Prepayments and accrued income 8)Creditors Trade Creditors Accruals |
31-Dec-24 31-Dec-23 £ £ 6,282 5,953 |
|---|---|
| 6,282 5,953 |
|
| 31-Dec-24 31-Dec-23 £ £ 2,589 13,053 39,724 40,584 42,313 53,637 |
9) Movement in funds
| Current Year: Restricted Funds Unrestricted Funds Total Funds Prior Year: Restricted Funds Unrestricted Funds Total Funds |
At 1 January 2024 Income Expenditure At 31 December 2024 £ £ £ £ - - - - |
|---|---|
| 25,273 90,505 (87,928) 27,850 |
|
| 25,273 90,505 (87,928) 27,850 |
|
| At 1 January 2023 Income Expenditure At 31 December 2023 £ £ £ £ - - - - |
|
| 11,420 94,236 (80,383) 25,273 |
|
| 11,420 94,236 (80,383) 25,273 |
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The Audley Foundation Notes to the Financial Statements for the year ended 31 December 2024
10) Net assets analysis
| Current Year: Fund balances at 31 December 2024 are represented by: Current assets Creditors: amounts falling due within one year Prior Year: Fund balances at 31 December 2023 are represented by: Current assets Creditors: amounts falling due within one year |
Unrestricted Restricted 2024 Total £ £ £ 70,163 - 70,163 (42,313) - (42,313) |
|---|---|
| 27,850 - 27,850 |
|
| Unrestricted Restricted 2023 Total £ £ £ 78,910 - 78,910 (53,637) - (53,637) |
|
| 25,273 - 25,273 |
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