Company registration number.. 14227311 Charity registration number: 1199820 4814 for better The 4814 Trust IA company limited by guaranteg) Annual Report and Financial Statements for the $) from 1 August 2023 to 31 December 2024
The 4814 Trust Contents Rsf&ren¢e and Admini8tr*ive Details Trustees, Report 2to5 Independent Auditors, Report 6t09 Statement of Financial Activities 10 BaLance Sheet 11 Notes to the Financial Ststemenls 12to21
The 4814 Trust Reference and Administratlve Details Chairnian Mr F C Bedwell Tru$tg85 Mis C E 8edwell Mr F T BeLtsell Mrc J Gardner MrFCArg 1199820 Charlty Roglstratlon Number Company Registration Numbpr 14227311 Reglstered Office The 4814 Trust 10 Queen Street Place London EC4R 1BE Weslcotts ISW) LLP Timbedy South Street Axminsler Devon EX13 SAD Audltor Sollcltors Bates, Wells & Braithwatie London LLP Tho 4814 Trust 10 Queen Street Place London EC4R 1BE Bankers CAF Bank Limited Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page 1
The 4814 Trust Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial Statements and auditors. report of the charitable company for the peri¢Jd ended 31 Dember 2024. ObJectlYes and actlvltles Objects and alms The principal objects of the Trust are.. - the prevention or relief of povety - the advanc¢mgnt of health or the saving of lives the relief of those in need by the reason of youth, age ill-h8aMh, disabilty, financial hardship or other disadvantage - any other purposes recognised as charitable. These objects will be furthefed by the making of grants to individuals and other charlties. Public benefrt The trustees confirm that they have complied wrth the requirements of section 17 of the Charities Act 2011 to have due regard to lh¢ public benefit guidance published by the Charty Commission for England and Wales. Grant making policles The trustees. policy is to make grants in support of the ehari(able institutions or individuals for such haritable purposes as the trustees shall think fit. The intention is to select charitable inslriulions and projects where the grants can be expected to make a signfficant contribution and have the mamuM effect. Page 2
The 4814 Trust Trustees. Report Achlevements and performanc• During the year the Trust distributgd £319,161 to 21 beneficiaries in accordance with the Trust's objectives. The charities selethd were those where the grant could be expected to make a oal differen¢e to the ultimate beneffciaries. The folk)wng are the beneficiaries for the year. . Thousand Year Trust Mind of the Stud¢nt . Empowgring Futures Ft)od Behind Ba Sl Giles Trust . The Bromley By Bow Centre . New Horizon Youth Centre Justice . Centre for Homelessness Spark Inside . Reach Out Youth . Tender Education and Arts Climbing Out . The Wornen's Woth Lab CIC . Breaking Barriers Talk Club Health Bu$ Flnanclal review The Trustees have appointed Close Brothers Asset Management to manage the portfolio of investments. The Trust's net assets al 31 December 2024 We £7,001,292. The Trustees believg that the ch8riWs assets are aLIable and adequate to fulfil the obligations of the charty. The Trust does not carry OLrt fijndraising activf(ies. Reservès poli The Trusteès intend lo maintain sufficient reserves in order lo generate enough income annually to be able to make grants in line wrth the charills grant making policy. Taking into 8ccounl 9ranls received this F)olicy was mgt for 2024. £7,001,292 was held in unieslricted reseNes as al 31 December 2024, of which £6.762,197 is in investments. This is deemed to be adequate to generate the necessary income to be able to continue to award grants in ling with the objectives. Strncture? govgrnance and management Nature of govemlng document The 4814 TrLSSt is a eompany Iwnited by guarantee governed by its Memorandum and ArtKles of Assoeiation dated 12 July 2022. It is a charity registergd with the Charity Commission. The assets were transferred from the unincoiporaled charity on 31 Oecember 2022. It is the intention to clos& the p0$ charity and deregister as a charty with the Charity Commi$5ion. Page 3
Tha 4814 Trust Trustees. Report Recruitment and appointment of trust8es There must be at least fv40 trustees. New trustees may be OPinted by the existing tnjstees. New tnjstees are fully briefed by the existing trustees. Organisatlonal structurè The day to day running of the Trust is carried out by tsvo of the trustees. F C Be011 and C E Bedwell. An annual meeting i8 held every year to discuss the future strategy and policy. The Trust had no employees in the current year. The trustees have made hardship grants to potential beneficiaries of the B&stobell-Meggitt WeKare Trust but there are olheNise no interactions between the parties. Major rlsks and management of thoso rfsks The trustees have idenlthed the major risks to whh the charrty is exposed as being.. Financial.. the Trust is reliant on receimng the funds from it5 donor 2nd estsblishing an investment portfolio which will enable rl to generate sufficient funds to meet ils objectives.. Organisalional.. the Trust is reliant on ils trustees for idenlifyiThJ suitable charitable inslitutions and projects to support. The risks are mitigate(J by maintaining communications betsveen the trustee8 and bringing and issues to the next trustees. meeting. ststement of trustees. rgsponslblll9s The trustees (who a also the directors of The 4814 Trust ft)r the purposes of company law} are responsible for preparing the Iruslees. report and the financial stalemgnts in accordance with applicable law and United Kingdom AoUntIng Standards IUn((ed Kingdom General Accepted Accounting Practicol, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees lo prepare financi81 statements for each financial period. Under ompany law the trustees must not approve the financial stslemenl$ unless they are satr'sfied that they gNe a true and fair view of the slate of affair5 of the Charitable company and of the incoming resources and application of resources, including its income and expenditure. of the charitable company for that period. In preparing these financial slalements. the trustees are required to.. select suitable a¢UtIng policies and appty them consistentty", obserye the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards, comprising FRS 102 h8ve been followed. subject to any material departures disclosed and explained in the financial 51alements," and prepare the financial $lalements on the going concern basis unless it is inappropriate to presume that the eharitable company will continue in busines8. Page 4
The 4814 Trust Tru5tees' Report The trnslees are responsible for keeping proper accounting records that can disclose with reasonable accuracy al any time the fi'naneial position of the charitable company and enable them to ensure th* Ihe financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prev9ntion and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companys website. Legislalton governing the preparation and dissemination of financial slalemenls may differ from legislation in other jurisdictions. Disclosure of information to auditor Each trustee has taken Steps that they ought lo have taken as a trustee in order to make themselves aware of any relevant audit inlormalion and to estsblish that the charity's audf(or is aware of that information. The trustees eonfimi that there is no relevant infomiation that they know of and of which they know the auditor is unaware. The 8nnu81 rèport was approved by the trustees of the charity Dn 27106125 arKI signed on its behalf by.. Mr F C Bedwell Chairman Page 5
Tha 4814 Trust Independent Auditorfs Report to the Members of The 4814 Trust Opinion We have audited the finaneial ststemenls of The 4814 Trust Ithe'charity,) for the period from 1 August 2023 10 31 December 2D24, which Comprise the Statement of Financial Activities, Balance Sheet. and Notes to the Financial Statements. including a summary of sKJnfficant accounting polivas. The financral reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, compnsing Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practicol. In our opinion the financial statements.. 9Ne a true and fair view of the stale of th& charity's affairs as at 31 December 2024 and of its incoming resourees and application of resources, including rts income and expenditure. for the period then ended,. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Prathe; and have been prepared in 8ccordance with the requirements of the Companies Act 20C6. Basis for opinion We eonducled our audrt in accordance with Intemalional Standards on Auditing {UK} {ISAs (UK)) and applicable law. Our reswnsibilities under those standards are further described in the auditor responsibiltties for the audit of the financial 5taternents section of our report. We are independent of the charity in accordance with the ethical requirements that are relewdnt lo our audtt of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical reswnsibilities in accordance wf(h these requirements. We believe that the audti emdence we have obtsined is sufficient and appropriate to provide a basis lor our opinKJn. Concluslons relatlng to golng concem In auditing the financi81 ststements. we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have perfomied, we havo not identrfied any material uncertainties relattng lo events or conditi'ons that, individually or collectively, may cast significant doubt on the charity's abilty to continue as 8 going concern for a perK)d of at least months from when the original financiol statements were authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect to going canM a described in the relevant sections of this report. Page 6
The 4814 Trust Independent Auditor's Report to the Members of The 4814 Trust Olher Information The trustees are respx)nsible for the olhor inforniation. The other information comprises the infomiation included in the annual report, other than the financwl statements and our audrtorfs report Ihereon. Our opinion on the ffinancial statements does not cover the other infomiation and, except to the exient othemise expliatly staled in our report, we do not express any fomi of assurance conclusion thereon. In connection wi(h our audit of the financial statements, our responsibility is lo read the other information and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our kn¢)wledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to delemiine whether there is a material misslalemenl in the financial ststements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstalemgnt of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matter prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audrt.. the information given in the Trustees. Report for Ihg financial period for which the financial statements are prepaTed is consistent with the financial stslements," and the Trustees. Report has been ppared in 8ccordanee with applicable legal requirements. Matters on whlch we are required tr> report by exceptlon In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatemgnts in the Trustees. Report. We have nothing to report in respect of the following matters where the Compani9s Act 2006 require8 us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not teen ieceived from brdnches not visited by us., or the finanual statements are nol in agreement with the accounting recLJrds and retums-, or certain disclosures of twstees remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audtt. Reswnslbilitios of trustees As explained more fully in the Ststement ol trustees. responsibilities (set out on page 4 and 5}, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair wew, and for such internal control as the trustees determine is necessary lo enable the preparatson 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 abilty to onlinue as a going concem. discbsing, as applicable. matters related to going eoneern and using the going concern basis of accounting unless the trustèes either intend to liquidate the chaflty or to cease operations. or have no rgalislic altemalive bul to do $0. Page 7
The 4814 Trust Indopond•nt AudIt0S Report to the Members of The 4814 Trust Atsditor responsibilities for the audit of the flnanclal statsments Our objectNes are lo obtain reasonable assurance about whether the financial statements 88 a whole are free from material misslatemenl, whether due to fraud or error, and lo issue an audrtorf5 report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will aayS delect a material misststement when il exists. Misslalements arise from fraud or error and Ore considered malerial rf. individually or in the aggregate, they could reasonably be expected to influence the eeonomic decisions of users tsken on the tsa$ of these financial statements. The extent lo which our procedures are capabl8 of detecling irregularities, including fraud 1$ detailed below". We identffied areas of laws and reguL9tions that could reasonabty be expected lo have a material effect on the financi81 statements from our general Commercial and sector experience and through discussion with the Iruslees and other m¥nagement and inspedion of the charity'8 rresponden¢e. We communicated identified laws and regulations throughout our team, and remained alert lo any indications of non-compliance throughout the audit. The Gharity is subject to laws and regulations that govem the preparaion of the financkql statements, including financial reporting legislation, and other charity legislalion. The charity is also subject lo other laws and regulations Whe the consequences of non-compliance could have a material impact on the amouTrls or disclosures within the financial statements, including employment. anli-bribery, anti-money laundering and certain aspects of eharities *islalion. Owing to the inherent limitslions of an audit, there is an unavoidable risk that we may not have detected some material misslalemenls in the financial stslements, even though we have properly planned and perfoimed our audit in accordance with auditing standaids. In any aud1(, there remains a higher risk of non4election of irregularities, as these may involve collusion. forgery. intentional omissions, misrepresentstions, or the override of intemal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all Lqws and rogulations. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintaln profession81 sceplicism throughout the audit. We a130'. Identfy and assess the risks of material misststemenl of the financial statements, whether due to fraud or error, design and perfom) audft procedures responswe lo those risks. and obtsin audit evidence that is suffieient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is hwJher than for one resuming from error, as fraud may involve collusion, forgery. intents'on81 omissions, misrepre88ntations, or the overnide of internal control. Obtain an undèrstanding of intemal control rel8vanl lo the au¢Jit in order lo design audil procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting polieies used and the reasonlbleness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concem basis of 8ccounling and, based on the audi( emdence obtsined. whether a material uncertainty exists rolaled to events or conditions that may cast significant doubt on the chartys ability lo continue as a going concem. If we condude that a material uncertainty exists, we are required to draw attention in our audilorfs report to the related disclosures in the financial statements or, rf such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audr( evidence obtained up lo the dale of our auditor's tsport. However, fvture events or conditions may cause the charity to cease lo onlinuo as a going concern. Page 8
The 4814 Trust Independent Audltofs Report to the Members of The 4814 Trust Evaluats the overall presentstion. structure and conlenl of the financial statements, induding the disclosures. and whether the financial slatemenls represent the undertying transactions and events in 8 manner that achKgves fair presentation. We communicate with those charged with governance regarding. among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficEncies in intemal control that we idenlrty during our audit. Use of our report This report is made solely to the charitable company's trustees, as a body. in aceordancg Wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit wor1( has been undertaken so that we might slate to the charty's trustees those matters we are required to slate to them in an auditols report and for no other purpose. To the fvllesl extent pem)itted by law, we do not accept or assume respollsibilily to anyone other than the charitable company and its Iruslees as a body, for our audit work, for this report, or for the opinions we have fornied. art Carrington FCA (Senior Statutory Audrtor) For and on behaif of Westeotts ISWI LLP Timberty South Street Axminster Devon EX13 SAD Pago 9
The 4814 Trust Statement of Financial Activities for the Period from 1 August 2023 to 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Investment income 75,537 290,375 75,537 290,375 108,754 Totsl income 365,912 365,912 108,754 Expendlture on: Raising funds Charitable activit$ 165,898} 1344,668} 165,898} 1344.6681 126.780) 160,510 Total expenditure Gainslllossesl on investment assets Net Incom8 1410.566) 308,441 1410,5661 308,441 187,2901 111.390 263,787 263,787 132,854 Net movement in fijnds 263.787 263,787 132,854 Reconclllatlon of funds Total funds brought foward Transfer from Unincorporated Charity Totsl lunds carried forward 6.737.505 6,737,505 6,604,651 6,737,505 16 7,001,292 7,001,292 All of the charity's activities dertve from (x)ntinuing OpeI10nS during the above Iwo periods. The fvnds breakdown for 2023 is shown in note 16. The notes on pages 12 to 21 fomi an integral part of these financial statements. Page 10
The 4814 Trust (Ragistration numbor: 14227311) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Investments 13 6.762,197 6.435,933 Current assets Debtors Cash at bank and in hand 14 31,794 212,457 26,705 283,802 244,251 310,507 Creditors: Amounts falllng due within one year Net curront assets 15 15,156> 18.935 239.095 301,572 Nét assets 7.001.292 6,737,505 Funds ofthe charlty: Unr8strictsd income funds Unrestricted funds 7,001.292 6.737,505 6,737,505 Total funds 16 7,001,292 The financial statements Ctn pages 10 to 21 were approved by the trustees. 8nd authorised for issue on 271c6r25 and signed on their behaw by.. Mr F C Bethvell Chairman The notes on pages 12 to 21 fom an integral part of these financial ststements. Page 11
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 1 Charlty status The charity 15 limrted by guarantee. incorporated in England & Wak%, and ¢on$equenUy doe$ not have share capital. Each of the Iruslees is liable lo tsjrtlribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is= The 4814 Trust 10 Queen Street Place London EC4R 18E 2 Accounting policios Summary of slgnlficant accountlng pollcles and koy accounting g$timates The principal accounting policies applied in the preparation of these finanual stalements are sel out below. These policies have been consistently applied lo all the years presented, unless othemise slated. Statement of compliance The financial statements have been prepared in accordan with Accountin9 and Reporting by Charities.. Slalemenl of Recommgndgd Pradice (applicable to Charities preparin9 their accounts in accordance wtth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 10211 (issued in Oetober 2019} - (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 20Cfj. Basls of prepardtlon The 4814 Trust meets the definition of a public benefrt entrty under FRS 102. Assets and liabilit$ are initially ognISd al historical ¢o$t or transadion value unl9s5 otherwise staled in the relevant accounting policy notes. Going concern The Iruslees consider that there are no material uncertainties about the charity's abiltty lo continue a$ a going concem nor any signrficant areas of uncertainty that affgct the carrying value of assets held by the Charity. Disclosure exemptions The Charity has taken adventage of the exemption in FRS102 from the requirement to produce a cashfiow statement because il is a small charity.. DTsclosure of long perlod The charty's financial slalements cover period from 1August 2023 to 310ecember 2024. Page 12
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 Judgements & key sources of estlmatlon uncertainty The preparation of the financkgl statements requires management to make judgements, estimates and assumptions that affect the amounts reF)Orted. These estimates and judgernenls are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the cireumslances. Accounting eslimales and assumptions are made conceming the future and, by their nature, will rarely equal the related actual outcome. Income and endowments Al income is recognised once the charity has entrtlemenl to the income. It is probable that the income will te receNed and the amount of the incomo receivable ¢an be measured reliab. Donatlons andlegacles Donations are recognised when the chaiity has been notrfied in wrrting of both Ihe amount and settlement date. In the event th a donation is subject to conditnS that require a level of performance by the charity before the chanty is entrtled to the funds, the income is deferred and not recognised until either those condTtions are fully met, or the fulfilment of those conditions is wholly within the control of the eharity and it is probable that these conditions will be fulfilled in the reporting perv)d. Investment Income Dividends ale recognis$d once the dividend has been declared and notIf110n has been rerived of the dividend due. Expenditure All expendilum is recognised once there is a legal or constructive obligalKJn to that expendf(ure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendrture heading that aggregate Similar costs lo that category. Where costs cannot be direclty attributed lo particular headings they hav8 been allted on a basis consistent wf(h the use of resources. wf(h Central staff costs all¢xatgd on the bass of time spent. and depreciation charges aliocaled on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in tradin9 actNities that raise funds. Charitable activltles Charitable expenditure comprises those co$1$ incurred by the charity in the delivery of its 8Ctivlties and Services for i(s beneficiaries. 11 includes both costs that can be albcated direGUy to such activities and those costs of an indirect nature necessary to support them. Grant provlslon8 Provisions for grants are made when the intention to make a grant ha8 been communicated to the recipient but there is uncertainty about either the timing ol the grant or the arnount of grant payable. Page 13
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 G¢)vernan¢e costs These include the costs attributable to the charitls Complian with conslilLrtional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to Pass the tests set out in Paragraph 1 Schedule 6 of the Finance Ad 2010 and therefore it meets the definrtion of a charitable cornpany for UK eorporalion tsx purposes. Accordingly, the charity is potentl8lly exempt from taxation in respect of income or capital gains received wrthin 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 gxtent that such income or gains are applied exclusively lo charrtable purposes. Flxed asset investsnents Fixed asset inveslmenls, other than programme related investments. are included al market value at the balan sheet dale. Realised gains and losses on investments are calculated as the differen beeen sales proceeds and their market value al the start of the period, or their subsequent cost. and are charged or credited to the Statement of Financial ActNi(ies in the period of disposal. unalISed gains and losses represent the movement in market values during the period and a credited or charged to the Statement of Financial Aetwilies based on the market value at the period end. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposf(s, and other short-lerni highly liquid investments that are readily convertible to a known amount of c8sh and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds th8t are availab for use at the trustees discretion in furtherance of the objectives of the charity. 3 Income from donatlons and legacles Unrestricted funds General Total fvnds Donations and legacies., Donations from other Charities 75,537 75,537 Total for period endod 31 December 2024 75,537 75,537 Pag9 14
Th• 4814 Trust Notes to the Flnanclal Statements for the Perfod from 1 August 2023 to 31 December 2024 4 Investment income Unrgstricted funds General Total 2024 Total 2023 Bank interest receivable Income from listed investments 2,179 288,196 290,375 2.179 288.196 787 107.967 290,375 108,754 5 Expenditure on raising funds a) Invgstmgnt management costs Unrestrlcted funds General Total 2024 Total 2023 Portfolio management costs 65,898 65,898 65,898 26,780 65.898 26,780 6 Expenditurp on ¢harftable actlvltles Unrgstricted funds General Totsl 2024 Total 2023 Notg Grani funding of 8CtNrbes Support wsts 319,161 25,507 319,181 25,507 50,000 10.510 344,668 344.668 60,510 Page 15
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 7 Analy$ls of govemance and support costs Unrestrlctgd funds General Total 2024 Total 2023 Trustees meeting and expenses SofrA4are and websrte Printing. postsge and slaiionery Travel and subsisten 4814 TNSt- 1000 year trust video project Ch8ri18ble activity support Accountancy fees Legal and professional fees Bank charges 2,392 1,001 1,104 395 4,040 1,272 6,863 8,270 170 2,392 1,001 1,104 395 4,040 1,272 6,863 8,270 170 713 4,795 4,932 70 25,507 25,507 10.510 Pag¢ 16
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 8 Grant-making Analysis of grants Grants to institutions 2024 2023 Grants to indivlduals 2024 2023 Analysis Trussell Trust Woodwork for Wellbelng Row8n Alba Ltd Anne Robson Trust Thousand Year Trust Mind of the Studenl Empowering Futures Food Behind Bars st Giles Trust The Bromley By Bow Centre New HorEon Youth Centre Justice Centre for Homelessness Spark Insid8 Reachout Youth Tender Education and Arts Climbing Out The Women's Worf( Lab CIC Breaking Barriers Talk Club Health Bus Mr P & Mrs J Burridge Ruth Elizabeth Skinner Maurice Martin JH Seymour 25,000 5,000 10,000 10,000 10.rKK) 25,000 10,000 30,000 35.000 50.OOLI 15.000 10,000 10,000 10,000 15.000 10,000 15,OOD 10,OOL) 15,000 15.000 10,000 2,161 12,000 3,500 6,500 295,000 50,000 24,161 9 Net Incomlngloutgoing r980urces Nel loutgoingifincoming resources for the period include.. 2024 2023 IGainlAoss on investments {308,441 1111,390 Page 17
The 4814 Trust Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 10 Trustses remuneratlon and expenses No Iruslees, nor any persons connected wrth them, have received any mUneratiOn from the charity during the year. During the period ended 31 De¢ember 2024, expenses t¢tslling £4.343 were reimbursed or paid directly to Trustees. 11 Stsff ¢osts The aggregate payroll costs were as follows.. 2024 Staff tosts during the period were: Wages and salaries The monthty average number of persons (including senior management I leadership leaml employed by the charity during the pefK)d expressed as full lime equNalents was as follows.. 2024 The average head count of empk)yees during the year No employee received emoluments of more than £60,000 during the period. 12 Auditors. ramunoration 2024 2023 Fees payable for the audit of the financial slalerrenls Fees payablg to the charity's audfior and ils associates for other setvices: Other non-audit seNlces 5,699 1,164 6,863 1,731 4,795 Page 18
Th• 4814 Trust Notes to the Financial Statoments for tha Poriod from 1 August 2023 to 31 December 2024 13 Fixad ass•t invgstmants othor Investments Llsted Investments Total At 1 Augu$l 2023 Additions Disposals Revaluation 6,435.933 6,435,933 2,486.259 2,486,259 12,219,722) 12,219,722) 59,727 59,727 Ngt book value At 31 December 2024 6,762,197 6,762,197 Al 31 Juty 2023 6,435,933 6,435,933 All investments shown above are held at valuation. This has been provided by the investment managers, Close Brothers Asset Management. The historical Cctst of investments is £6,492,721 12023.'6,377,558). There has not t*en a significant reduction in the market values of investments since the year end. 14 Debtors 2024 2023 Accrued income other debtors 6,467 20,238 26,705 31,794 31,794 15 Credllor8: amounts falllng due wtthln one year 2024 2023 Accruals 5.156 8,935 Page 19
The 4814 Trust Notos to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 16 Funds Balance at Other 31 galnsl Decembgr {losses) 2024 Balance at 1 August 2023 In¢omlng Resources resources expended Unrestricted funds General General Funds 6,737.505 365,912 {405,254) 308,441 7,006.604 Balance at 12 July 2022 Other Balance at galnsl 31 Juty (losses) 2023 Incomlng Resources resources expended Unrestrfcted funds General General Funds 6,713,405 187,290) 111,390 6,737,505 17 Analysls of net assets between funds Total funds at31 December 2024 Unrestricted funds General Fixed asset investments Current assets Current liabilities 6,762,197 244,251 15,1561 6.762,197 244,251 15,156) Totsl net assets 7.001,292 7.001,292 Unrestricted funds General Total funds at 31 July 2023 Fixed asset investments Current assets Current liabilities 6.435.933 310.507 8,935 6,435,933 310.507 8,935 Total net assets 6,737,505 6,737,505 Page 20
Tha 4814 TNst Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024 18 Relatsd party trdnsactk)n8 Four of the trustee$ a or were directors of the Bestobell Founders Welfare Trust Ltd whi¢h is the tru¥lee company of the Bo$lobelkMeggitt Weware Tmst. During the period, the eharty receive(l a grant of £75,537 from Be$tobe11eggtt Welfare Trust. The charity paid expenses of £8,077 on behall of Beslobell-meggitt Weare Trust. As at the year end, there was a balance owed to The 4814 Trusl from Bestobell-meggitt Weware Twst of £28,314. 19 Nonvadjusting evènts after tho financial perfod The Trustees of Best0belkmegg Welfare Trust wishes to transfer a capitsl sum of £2,000,000 out of its capital to The 4814 Trust with a deed dated 18 March 2025. Page 21