Charity Number: 1200163 Company Number: 14047340 22 North Foundation Annual Report and Accounts For the year ended 30 April 2025 •AEWR76M* 30101r2D26 OMPANIES HOUSE A07
22 North Foundation Reference and administrative details Gale1 Ng Hélen Parker Raphael Hwlmont RThsin Mardle ake- apwnted 28th Aw"12025 Company number 14047340 Charity numb•r 12(M)163 Registered Offi¢ Tlird Flo 20 Old Bailey LdOn EC4M 7AN Indepenthnt Examlnr &mon Gocth"dge FCA lQ)ox CropFer LLP 65 Leadenhall Street Ld9n EC3A 2A0 Banker¥ Unty Trust 8ank Fr BrirK1* Plxe 'rrningham B1 2JB Sdicitor¥ vr5 LLP 20 Old Bailey Ldon EC4M 7AN
22 North Foundation Trustees, report for the year to 30 April 2025 Th8 trustees are pleased lo pwent their report together with the financial staternent$ of tr chity the year to 30 Aprl 2025. Rèlerence and administrative In1matiOn set out on page 1 fc¥ms part of this reFX)rt The finanryal staternents comply with Gurrent slaiulory rewirement5. the charity's constitut¥)n and the Statement of Recc¥nmended Practice- AccountiTrJ aThY RewbTrJ ty chare$.. SORP ICa to charrts preparing their atnts in accordance wth FRS 102 Structure, Governance and Management Legal status The 22 North F(yJndatK)n is a ccxnpany limited ty guarantee and a registered charty. The company was registefed in England and Wa$ the 141 April 2022 and gained charitatle status on the 24 AugLKSt 2022. Governlng Drnent 22 North Foundatw govemed by its meMtr•)m and ofAssouaticn dated 14 April 2022. Organisational Slru¢¢ure The direclors ol the charitable company are its Injstees for the wrF4)se of ¢harity law. ThrOJhoLrt this report they are <xllectwety referred to as the trustees. The fcllwrrfJ iThdMdual$ sefftd as truses dthi9 the pe¥¥.. Gabriel Ng Helen Parker Raphael Houdrnont Roisin Marelle Blake- aprKAntÈd 28th AprA 225 I trustees served for the lull perwxl uNess ctherwise stated atrf)ve. The Foundation's fAJrtstrtUti ruleS thè Board shall cc¥)sist of at kast three memters and shall rneet not less than per year. The Board oveTses strgic dire( of the thwity and makes luThYing deusions based cn the recomrnendations oftechni¢AI tXF•ts. managed by a wt-th.me member of staff, who soliot. receive and perform pre-award due di1jence ryl 9rant from potential grantees. and make recommendatrons for funding to the Board. ThÈ administration of Ihe tharty arK1 Fx)st-adrd mcrton.j of use ol tr FouThJaticm's grants is handled by the same part-time member of 51aff Recruitment and appointment of new trnstees The trustees are appointed by rnajwty vote of the members The Board regularfy miews the skills, experience and specliSM$ oltrvslees in orderlo ensure that it G3n adequaiely discharge iL5 funCtn5 and reSpOlbtl1ties. and il necessary. makes a InEnda1 to the mernbers ol the Foundation re9arding appointment af new trustees On SUCLessful apFantrnert ofa tru51ee. the board wovKles docwmerttary and verbal iThYuth"on material to introduce the trustee tothetykrys obsedwes ofthe ch an(1 the rok and responsibihbes oftharity truslees. Objectives and prln¢ipal a¢tlvities The objects of the Foundatn are for the ntrfft tsf thè to promote all purp)ses recognised as ChaNtab under the laws ol ErolaTrJ and Wales. The F0ndatT0n fvrthers these objeclives by rnry gr*ts trj dw¥it¥t4e ty9aThsats"s primarily fo¢u$$ing orb underfunded and overlooked causes
22 North Foundation Trustees. report for the year to 30 April 2025 Achievements and perfomian¢e This was the Foundation's third year of activity. As the year eSSe(l. FoUnd8n Continu to refled on its Strateg focus an(1 gaged W1h profrSSiLyl eonsultanis and (ther stakehclders io identify area5 vthere the Foundalion cx)uld rnake r•)srtNe changes. In addrtion to the nvJlts-year grants for Plantlife Manx Wildlife Trust, the Fndation KYenb"fied S rew grantee5 duri the year. The FatIon'S work Èxpanded beY¢d biodiversity and uded supwbng hurnan ri9hts of FeLyle who are matginalised and buildirwJ on socaetal witrastrLth in the UK_ Publlc Benefrt Having revwed the Charity commissic'S general wblic tnefit, the Trustees consider that these a(vits provide tefit to the general pU1C in the UK and alyoad. Risk Management The Trustees have reviewed the risks the cthanty faces are satisfied that $yem$ are in pla¢e to mrtwe thr expJsurÈ to the majtsT rtsks. Future Plans The Fowdation undertook a SIrat rewivw of rt5 %IMts"es during the year to evduate its goals, rnissKJn and grant making process. The Foundabonwill ntinue It50JrrÈnt apwoach wothiTYJ alongside consullants to identity opportvnities to supporl overlooked causes that can potenlialty re5L4ve the wcld's woblems. Gts1ng fLYward. the Ftsjndation Is considenng the ment of a [rOI) arvoach and wll ex[Ore the pros and cons ol rnulti-year furKlirvJ to rts grantees. Finan¢ial review During Ihe year d(ationS lolalhng £8C4).CO)12024." rtI} were rec•Ned from Ng. fwntsts"on's stsle doncf. A further £13.47812024'. £2721 re1ved in bank interest Seven organisatitins benefitted trc¥n grants in the period, wth total financial crynrnitment in the year amountire to £975.000 (see note 4." 2024". £510.OCQI. Current artS rarye betsveen £3.(K)0 and £120.000 and are paid in three equal annval instalments lo than a small cne off grant to one organisabonl. All grants are expensed in ftjl at thè p(xnt of contracl teuvj entered. In additicffj to the granl eXndituTe. Ihe tharty irKyrred OFerating exFenses of £32.OCM)12024." £36,238), t8kiThJ total spend forthe Yeartts£1,006.5371224. £546.2381. The charity is reporting a deficit 01£193.058 {2024". £546.W)l. wih lurbd$ at rep dat• stth"r¥J at mirus £227.07212024.' rrmnus £34.0141. Reser4es The Foundation aims to hold as reserves cash at kast to Ihe value of ary contractU81 grant ornmitrnents plus six months olthe cryani2ati¢M's average runniThJ cos15 The Board believes this level of reserves will ensure thè Ftyjndation's firnamal skts.lity In the event of a sigr%ficant d¥op in income. without any adverse effecl the FOudatiOn'S tene[larieS or Ihe ability ol the Foundabon to meet appIable regulatory com14ce requir¢ments. Given the poly of exFen51ng in tul aty grant commrtments, the Xual reserves need to be equal to six months of Ihe organization's average runnirg c4)sts to COrnY wth this wlrcy Based on the expenditure in these accounts this would require reserves of arcxjnd £16k Tkne actual reserves at year end were minus £227k. This is due, as mentn•y above, to the expensiro Fn full of future grant cornmitrnents. dnty Is in receipt of a letter frcrfn ts main donor Anthorry Ng. confirmiTrJ his ongoiry 5uprat 8nd inten)'ons as a donor lo proje luture contribulions to ensu financial commrtments are met. Responslbillties of the Trustees in relation to the financlal statements The trustees Ivknts are also the directors of the 22 North F¢JJndatK)n for the purwses ol MpanY lawl are resrx)nsitAe for prepariThJ the Rewrt of the TrUee$ and the financial statements in accOr¢Jare wth applicable law and United Kingdom Aunting Standar¢5 (United Kirydom GenÈralty Accepted £counling Praclicel. Company requres the trustees to Wep3 fina481 ststement5 for each nancial yearwhich gwe a trLe and tsir view ol the stale ol affaiis of the chantable company ar ol the
22 North Foundation Trustees, report for the year to 30 April 2025 Irtomlng TOule¢S and apall0Th of resource5. IUdIng the Incomo #nd •xp•ndthrn. of the charftsble rnparby for that peTiod. In preparvw te finarKial Btatemgnts, the tnt••s are required to elect SLitable accowting poliryes and tIn Bppty trn gJnststanUy.' observe tr£ melhods and prlnebks in Ihe Charty SORP.. make iudgements estimote5 that are reasorAbl8 and Ffiiderrt.. prepare the ffinar1al statements on the going 0)M basis unl888 rt15 Irwyoprlg19 to wesumg The trusl•8s are p(ThIbIe for kpj F0per ac£ountty retsjrfg whkh disclose wth w$onablg arcuw al arw time IhB finanr3al t#)si1Son of tr charitable cthmpany and to enable thgm to 8n6ure that the financial statsments (xjmply with t Companies Acl 2006. They are also re$r)nsO for safaguardlng the a55ets Of1 tharitabk company WMI IwKe for takwy reasonable stsps forthe weven1M and deteGIK)rn offrgud arKJ other regularities. Small cofflpany provlsl¢ns This report has been pr¢parfjd kn accerdwv ¥Ydal ry0vi trwnav coTrwi•s untjw Part 15 dthè com P£t 20t6. Thi$ rep1aS aFVtyrtJ by tr Bo•d ofTrustw cm 2> Januwy 2026 aThl svJned on ts thall ty: brfel
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF 22 NORTH FOUNDATION I report to the members of the charilJle company on my examination of the financial ststements of the chariéatAe ciympany for the year ended 30 2025 as set OLrt on pages 6 to 12. Responsibilities and basis of report As the trustees of the charitsble ¢(Ynpany land alx) rts dIreor5 for the purposes of company lawl you are reSnSIble for the preparatKJn of the financLg1 statemenls in accordance with the requirements of the Ccffipanies Act 20¢% {'the 2006 ACYI. Havin9 satisfied my5eff that the firtancial 5tsternents of the ch1t•ble company are not required lo be audrted urKler Part 16 of the 2006 Act and are elKJible for independent examination, I report in respect of ry examination of the Company's finala1 statements carried out under Section 145 of the charib.es Acl 2011 {'Ihe 2011 Act'l In carrying out my examination I have folbwed the Direclions given by the Charity Commission under sects.on 14515)Ibl of the 2011 Act. Independent examinerfs sLemenl The charitable compans gross irttthe exceeded £250.CD) and l am qualif to undertake the examinats'on by being a ¢waIrfd member of ICAEW. I have compted my examinatKJn. I confiwm that no material matters have eome to my attentson (other than that th"sdosed betcMI gives me Cause to believe that: accounting records were not kept in accordan with wtion 386 of the Companies Act 2006., or Ihe financial slatements do not accord with such rec¥Jrds'. or the financial slatements do not comply with rekvant accounting requirements under Section 396 of the Compans Act 2006 other than any qUirement that the financial stslemenls give a 'true and fai¢ View wh¢h 1$ not a matter consKlered as part of an independent examinati." or the financial statements have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have corne across no other matters in connection with the examination lo whh attention should be drawn in this report in order to enable a proper understsnding of Ihe financrdl ststements to te reached. 28101126 Simon GoodrKYge FCA Knox Cror¢er LLP 65 Leadenhall Stet. London EC3A 2AD
22 North Foundation Statement of Financial Activities for thÈ yèar ènding 30 April 2025 Unreslricted Restricted FurKIs Funds 2025 2025 Total Funds 2025 Total Funds 2024 Ne Ine0• Donations Olher incoff 800,Crf)O 13,478 13.478 272 Total Incom• 813.478 813,478 272 Expenditure Charitablè a1Vres I.6.536 1,006,536 546.238 Total Expendiiure 1.[6.536 1.006,536 546,238 Not in¢tsm• l oxpgndituro 1193.0581 1193,0581 1545,9661 RKon¢ilialion ol funds Total funds brought forward 134,0141 134.014) 511,952 Total funds earriod forward 1227,0721 1227.0721 134,0141 l of the above results are derNed trom continuirKJ 8cbvlt. There were no other recognised gains or losses other Ihan those stated ab¢)ve. Thè notès on pa$ 9 to 12 form part oflhese finan¢1 ststerrEnts.
22 North Foundation Balance Sheet as al 30 April 2025 2025 2024 CuThenf assets Cash at bank and in hand 586,PA3 307.652 586.943 307.652 Cr¢dltors.' amounts falliry due wiltrin one > (494.0151 {171.866) N•t ¢umint assets 92,928 135.986 credIto.. nourts fallirg due knr more Ihan (me swr (320,(M)01 (170.000) N•t asmts 1227.0721 (34.014} Th• ftinds of lh• charlty Unrestricted funds: 1227.072) £34.014) T¢)tal funds 1227,072) (34,014) Fw th8 year ending 30 Aprfl 2025 company was enllued to exemption frLYn aMir( under seclkm 477 01 the Compani8s Act 2C#)6 r8laling lo small nPanIeS. Th8 members have Mt required the ¢ompany to obtain w awt (rf its finawal Statements for ts yfrar In quesllon In acccYdanc* V•ith seclion 476. The directors ad(rne thr responsitxlitses for compln9 with Ihe requirements of Ihg Act with respe¢l to ac¢ountlng re¢ords arwj Iho pr¢parabon of financial statements. notes on pages 9 to 12 fonn part (Al Ihese farA81 statements. Thè financlal stateMS V•we apwoved by the Board of Twstees 22nd Januwy 2026 and were signed on its behaff by. abrt4
22 North Foundation Statement of Cash Flows for the year ending 30 April 2025 2025 2Q24 Net income/(expenditure) for the Teportingperiod (as per the Stat•m•nt of Finan¢ialAcfvitiesJ {193.0581 {545.9661 AdJustm•nts far. Depreckrytion charges Ilncreaselldecrease debtor5 Ireasel(deÈasel in credrtors 2,513 339.626 472.349 N•t cash provid•d by (US in) opèrating activiti•s 279,291 1203,8271 Cash flows from inv•sting activiti•s Purchase of fixed assets N•t cash provid•d by {us•d inl investing activiti•s Not incroatrl{dè¢rnas¢l in cash afftd ¢ash equi¥alÈnls 279.291 {203,827} Cash and c$h equi¥al•fits at bÈginning of petiod 307,652 511,479 C¥$h aftd ¢•$h ¢qui¥•lnts •t •nd of P¢fiod 586,943 307,652
22 North Foundation Notes to the accounts for the year ending 30 April 2025 1 Prln¢lpal accounting policies The princip81 attOUnlMig pol aJopd in ofthe finan¢01 ststeThnls are set out belcvl. 1318asis of xcourfin9 The financial ststements have teen preparpd in accordan wilh Accounbfvj and Rewtir8 by Charits". Statemeni of Re)7ended PractKe apFlicab to charit5 preparirg their accounts in a¢¢tsrLlan¢e wrth tl Fbnanoal Reporting Standaid aFplKab in Ihe UK and RepublK of Ireland IFRS 1021 letlecbve 1 January 20191- Ichaiibes SORP IFRS 10211. the Financial Reporting Slandard applicabk in the UK and Republic of I1nd IFRS 1021 antt Ihe Companrds Act 20L 22 North Foundat meets the ofa put1¢ berffft enirty uthler FRS 102. Assets and 8brtS are initially recognised at hbstorical c05lor transadth value unsess otheTh¥ise staw in vant at¢ounting polw noW$l. Ibl Fund accountlng lil un$te iunds are availab lor use al the dwetJn ol the tntst88s in lurtheranc of Ihe general tjecti%s ol Ihe charty. Ili Reslncted funrjs are subject10 5pecrfK coTrJitions Io$ed by the donoi as to how they may be used. To date the charity has not rEced any re51rthd lundirKJ. Icl Income Inccffje 15 fEcogniwJ and induded Sty1 offinancial hÈn Ihe chanty enth.d lo the anLI the aftk)vni ¢an be vith rea$a acaJrn¢y. lolb)wiThJ spe¢ffi¢ polirie$ are applied lo partKular caleg05 of incorre. li} (knalion5 are reoived by way of gonts. doAatths amd grfts and IhÈ intome L8 Induded in lull in the Slatement of Finanual A¢tyits whEn re¢eivthe. Grants receivab are recoynised when the charity teconEs untthdthnalty entiled to the aiant lill The Val of$erS wts¥thd ha$ induded a$ ir&)me in these accouTrts. liiil InVestynI incm ts iiiGWed wn re¢eNable. Idl Expendlturn Expendrture is recojnised on an accruals basis as a 1kth.kty 15 irKurred, and irKILl8s anyVAT which anllol be lulty re¢o¥ered. Ill Expenditure on tharilab aLvths cornwise5 expendi ted 10 tl rfirecl rthefarKe of Ihe chantys Objecti$. Grant5 payable are induded under ¢horitabk eyndilure when the Boa¥d has fom7aTry crmrnitted the Foundation to 8 9rant whe ¢osts ¢annot be éwectly altrbuted, Ihey been altrKatsd to a¢bwtse$ ¢n a ba$i8 conststentwth the use of resources. lill Suppor¢ costs late 10 fvn¢tM)ns thai assstthe work ol the charity bul¢Jo rt diwity undertake chaiiiabk activths. SupportCOSts include include primarily finan¢e and adml$trati Costs Tlse ¢osts have been alb)¢ated on basis consElentwtth Ihe use of resoutces. 2 Donations 2025 2024 Boo.0 800.000
22 North Foundation Notes to the accounts for the year ending 30 April 2025 3 Expenditure CJring Ihe Feiic#J Ihe FourJaknon incuwed the lovnwing costs". Charitae Govemance & acttvits support Total 2025 Tt)tsl 2024 Grants Research Staff costs Independent exaMIts fee 4ml$train exps 975.CLXJ 14.4C 975.(KKI 14.400 510.000 15.885 7.219 3.U)O 6.7( 13.134 989.400 17.136 1.006.S36 $46,238 4 Grants DuriTrJ the period the charity made thè followiNJ grnnts: 2025 2024 Planurfe Inlern8lb)nal ThrEe argrafit to cobv Planllle's furvJi research 3(.0c Manxwikllrfe TnL8t Three ar grant to fund enwroThmental pfotetbon through supporbrffj bicdiversty and hatylat con5eNatvn on the IS Of Man 210,0 FlOukn Nl Three yeargrant to cover the expansion bge1 of organisations whth aims to lo restore hope and dujnty to survNors ol human traffithing in Northern Ifeland year grant to support pepc4e wrfh a past cOnVlM)n into paKI emplo1 in Tee5ide and Ncfth YrKshire'. SFeuficalty wa fund9 payroll cc6ts f(K mentors Three year grant to 5UPPOrt ar 5treffjthen the VoluThtsry, Ccffjnwnty and Swal Enrpiise IVCSEI $ector in Ihe Noth East via the eMplolent of 2 $laff to buibj dala inforrnabon hub 10 aS$il trtter de¢s making Thoe year granl lo heb reswr¢e-¢M$traw)ed organisatKsThs 10 51reamline Cperat and MMtie impact usirvj dats science andAI, $pe¢rfi¢ally via the err¥)loyffnt of a Data Soence zTrJ lfflpact Manager and a communicat)nS and Communty Man•3er to trIrSeAfe ¢apxfy. 120,C£I) can SLHte Sdution5 240.(KKI Vonne 300,Crf)O DalaKiTrJ Voice4CharMJe A oroff grant tts support Ihe al11 of Voic*4Change'5 finanal 5y5terns and intemal in12"¢n wo¢¢sses 6.000 Total Grants 975.000 510,000 10
22 North Foundation Notes to the accounts for the year ending 30 Aprll 2025 S Creditorn 2025 2024 Crethors uNler 1 yeaf Trade creditors Accruo Grants par4bfe 4.015 490.0 878 170.CIXS 494.015 171.666 2025 2024 Credllors over 1 ye Grants payab 320.OC¥J 170,000 320.000 170.000 6 Movernents in funds AtoiA 2024 At 30 Apr 2025 Incornt EMndure Total unrtStri¢ttd 134.014) 813A78 (1.1106.5361 1227.072} TOTAL FUNOS 134.0141 813.478 11.006.536) 1227.D721 olthe incc¥ne re1 by the thantythJrrf¥J Ihe >arw85 urwtslricltd irtthre 7 Staff Costs 2025 2024 Gross salar Emptyerfs naDofial iruw Pensh)n 7,430 7.219 7,430 7.219 The a%ra9e nuftthroffiAI empk)yees ¢Jum9 tre yearwas No membef ol siaff wived enlIts tsfnwe th•) £60.(KKI dn9 Jear P024: none). The Tru51e85 are Ihe key managernvnt pemnnel of chwty. The tolal empbyee bTrfIlS ofthe key marernent per50nnd ofthe chartywere £nil12024.. £nl). Staff ¢osts have been aaled as: 2025 2024 Support 7,430 7.219 7.430 7,219
22 North Foundation Notes to the accounts for the year ending 30 April 2025 8 Trustee remuneration and •xp•ns•s None of Ihe Trustees reVed any remuTreratron for Iheir servKes as trnstees dumg Ihe period. Two tw$$ wer¢ -1)Ursed expe$ incur perfomiirg Iheii roks as trustees. The total value clairned was £265. 12024". £301 9 Taxation The thanty i8 exemplfrom rFatV)n tax 8$ all ¢h8rtsble 8TrJ is appld forcharilaNe puipose5. 10 Relat party transactions Ounng Ihe year dOnaS to the value of£8,(){2O23'. nil) were TEceNed Irom Ng Sung Man Anthgnywho Ihe father ol truslee Gabr*l Ng. No condthorts Were allached lo Ihese donat%Ms being made. 12