**The Alexandra Grace Halley Foundation Trustees' Annual Report For the period 29 June 2023 to 31 July 2024**
## **Reference and Administrative Details**
- **Charity Name:** The Alexandra Grace Halley Foundation
- **Charity Registration Number:** 1203791
- **Charity Structure:** Charitable Incorporated Organisation (CIO)
- **Date of Registration:** 29 June 2023
- **Principal Address:** 20 Hoppingwood Avenue, New Malden, KT3 4JX
- **Trustees During the Period:**
- E C McDonald (Chair, appointed 29.06.23)
- Ms L E Gregory (appointed 29.06.23)
- C A Hale (appointed 29.06.23)
- Ms K A Halley (appointed 29.06.23)
- P Solan (appointed 09.01.24)
## **Structure, Governance and Management**
The Alexandra Grace Halley Foundation is constituted as a CIO and is governed by its Constitution. The trustees are appointed in accordance with the provisions set out in the Constitution and meet regularly to oversee the strategic direction and governance of the charity.
The Foundation is committed to best practice in governance and adheres to the Charity Governance Code. Day-to-day administration is delegated to the trustees collectively, with specific roles assigned to individual trustees as appropriate.
## **Objectives and Activities**
The charitable objectives of the Foundation are:
- To support children and young people.
- To assist people with disabilities.
The trustees have complied with their duty to have due regard to the Charity Commission’s guidance on public benefit.
During this reporting period, the charity focused exclusively on fundraising in support of its primary objective: the development of an accessible playpark.
## **Achievements and Performance**
The charity successfully raised a total of **£101** , **786** through a combination of:
- Crowdfunding via JustGiving: £93,954
- Donations: £7,158
- Event income: £674
This fundraising success provides a strong foundation for delivering on the charity’s long-term vision.
No programme delivery or grantmaking activities took place within this financial year. All funds remain designated for future use in pursuit of the charity's charitable objects.
## **Financial Review**
- **Total Income:** £101,786
- **Total Expenditure:** £3,191
- **Net Income:** £98,596
- **Cash at Bank (year-end):** £99,096
- **Creditors:** £500 (accrued expenses)
The Foundation maintains a prudent reserves policy, retaining all current funds in restricted reserves for future project delivery.
## **Plans for Future Periods**
The charity intends to initiate its programme of charitable disbursements in 2024/25 and beyond. Since the end of the reporting period, two key grant commitments have been made:
- An £11,000 donation to Islington Council for the provision of accessible play equipment.
- A £15,000 grant to Whittington Health Charity to support an accessible sensory garden at The Haringey Health Hub.
The trustees remain committed to delivering an accessible playpark within the next 24 to 36 months and will continue to manage funds with that strategic goal in mind.
## **Risk Management**
The trustees regularly review the risks facing the charity and are satisfied that appropriate systems and controls are in place to mitigate exposure to major risks, particularly those related to finance, governance, and compliance.
## **Trustee Responsibilities**
The trustees are responsible for preparing this report and the financial statements in accordance with applicable law and regulations. They confirm that:
- Accounting records are properly maintained.
- The financial statements comply with the Charities SORP (FRS 102).
**REGISTERED COMPANY NUMBER: CE032829 (England and Wales) REGISTERED CHARITY NUMBER: 1203791**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **FOR**
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
AGK Partners Chartered Accountants
1 Kings Avenue London N21 3NA
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|7|
|**Detailed Statement of Financial Activities**||8||
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 29 June 2023 to 31 July 2024. The trustees have adopted the provisions of 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).
## **INCORPORATION**
The Alexandra Grace Halley Foundation, the CIO was registered with the Charity Commission on 29 June 2023 and commenced trading on the same date.
## **INCORPORATION**
The charitable company was incorporated on 29 June 2023 and commenced trading on the same date.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objectives and aims are to:
- help children/young people - help people with disabilities
## **Public benefit**
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit whilst reviewing The Alexandra Grace Halley Foundation's aims and objectives and in planning the future activities to ensure it meets the public benefit objectives.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Charitable activities
## **Fundraising activities**
The Charity has raised funds through regular donations, events and crowdfunding.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The objectives and activities of the CIO, as stated earlier are set up under the governing document.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE032829 (England and Wales)
## **Registered Charity number**
1203791
## **Registered office**
20 Hoppingwood Avenue New Malden KT3 4JX
## **Trustees**
E C McDonald Chair (appointed 29.6.23) Ms L E Gregory Trustee (appointed 29.6.23) C A Hale Director (appointed 29.6.23) Ms K A Halley Trustee (appointed 29.6.23) P Solan Trustee (appointed 9.1.24)
Page 1
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Independent Examiner** Michael Michaelides (FCCA) (ACA) AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
Approved by order of the board of trustees on 30 May 2025 and signed on its behalf by:
E C McDonald - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **Independent examiner's report to the trustees of The Alexandra Grace Halley Foundation CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the period 29 June 2023 to 31 July 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Michael Michaelides (FCCA) (ACA)
AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
30 May 2025
Page 3
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
Marathon
-
**Total**
-
**EXPENDITURE ON**
**Charitable activities**
Marathon
-
Other
-
**Total**
-
**NET INCOME**
-
**TOTAL FUNDS CARRIED FORWARD**
-|Restricted
fund
£
93,955
7,832
101,787
2,560
631
3,191
98,596
98,596|Total
funds
£
93,955
7,832|
|---|---|---|
|||101,787|
|||2,560
631|
|||3,191|
|||98,596|
|||98,596|
The notes form part of these financial statements
Page 4
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **BALANCE SHEET**
## **31 JULY 2024**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Cash at bank
-
99,096
**CREDITORS**
Amounts falling due within one year
3
-
(500)
**NET CURRENT ASSETS**
-
98,596
**TOTAL ASSETS LESS CURRENT LIABILITIES**
-
98,596
**NET ASSETS**
-
98,596
**FUNDS**
4
Restricted funds
**TOTAL FUNDS**|Total
funds
£
99,096
(500)|
|---|---|
||98,596|
||98,596|
||98,596|
||98,596|
||98,596|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 May 2025 and were signed on its behalf by:
E C McDonald - Trustee
The notes form part of these financial statements
Page 5
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Restricted fund**
Restricted fund represents collections received or utilised for the purpose of building an accessible playpark.
Collections include amounts received as donations and exepenses incurred to carry out charitable activities and for building of playpark.
Restricted funds fund relates specifically to collections received and applied for the purpose of building an accessible playpark.
Income recognised in this fund includes:
- Donations and grants received where the donor has specified that the income must be used for the construction or development of an accessible playpark.
-Any other receipts or funding that is legally or contractually restricted for the same purpose.
Expenditure charged to this fund includes:
-Charitable activity costs directly incurred in the planning, construction, or delivery of the accessible playpark project. - Related support costs and other directly attributable expenditure necessary for the completion of the project, in line with the restrictions imposed by the donor.
Restricted funds are accounted for separately from unrestricted funds, and any unspent balances are carried forward as restricted reserves until they are used for their specified purpose.
Page 6
continued...
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 July 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 July 2024.
## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
£ 500
## **4. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
|||in funds|31.7.24|
|||£|£|
|**Restricted funds**||||
|Fortune Street Park||98,596|98,596|
|**TOTAL FUNDS**||98,596|98,596|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Restricted funds**||||
|Fortune Street Park|101,787|(3,191)|98,596|
|**TOTAL FUNDS**|101,787|(3,191)|98,596|
## **5. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 July 2024.
Page 7
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Charitable activities**
Marathon
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Event costs
Rent
**Support costs**
**Other**
Telephone
Sundries
**Governance costs**
Accountancy fees
Total resources expended
**Net income**|£
93,955
7,832|
|---|---|
||101,787
2,110
450|
||2,560
3
128|
||131
500|
||3,191|
||98,596|
This page does not form part of the statutory financial statements
Page 8
**REGISTERED COMPANY NUMBER: CE032829 (England and Wales) REGISTERED CHARITY NUMBER: 1203791**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **FOR**
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
AGK Partners Chartered Accountants
1 Kings Avenue London N21 3NA
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|7|
|**Detailed Statement of Financial Activities**||8||
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 29 June 2023 to 31 July 2024. The trustees have adopted the provisions of 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).
## **INCORPORATION**
The Alexandra Grace Halley Foundation, the CIO was registered with the Charity Commission on 29 June 2023 and commenced trading on the same date.
## **INCORPORATION**
The charitable company was incorporated on 29 June 2023 and commenced trading on the same date.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objectives and aims are to:
- help children/young people - help people with disabilities
## **Public benefit**
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit whilst reviewing The Alexandra Grace Halley Foundation's aims and objectives and in planning the future activities to ensure it meets the public benefit objectives.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Charitable activities
## **Fundraising activities**
The Charity has raised funds through regular donations, events and crowdfunding.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The objectives and activities of the CIO, as stated earlier are set up under the governing document.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE032829 (England and Wales)
## **Registered Charity number**
1203791
## **Registered office**
20 Hoppingwood Avenue New Malden KT3 4JX
## **Trustees**
E C McDonald Chair (appointed 29.6.23) Ms L E Gregory Trustee (appointed 29.6.23) C A Hale Director (appointed 29.6.23) Ms K A Halley Trustee (appointed 29.6.23) P Solan Trustee (appointed 9.1.24)
Page 1
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Independent Examiner** Michael Michaelides (FCCA) (ACA) AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
Approved by order of the board of trustees on 30 May 2025 and signed on its behalf by:
E C McDonald - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **Independent examiner's report to the trustees of The Alexandra Grace Halley Foundation CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the period 29 June 2023 to 31 July 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Michael Michaelides (FCCA) (ACA)
AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
30 May 2025
Page 3
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
Marathon
-
**Total**
-
**EXPENDITURE ON**
**Charitable activities**
Marathon
-
Other
-
**Total**
-
**NET INCOME**
-
**TOTAL FUNDS CARRIED FORWARD**
-|Restricted
fund
£
93,955
7,832
101,787
2,560
631
3,191
98,596
98,596|Total
funds
£
93,955
7,832|
|---|---|---|
|||101,787|
|||2,560
631|
|||3,191|
|||98,596|
|||98,596|
The notes form part of these financial statements
Page 4
## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **BALANCE SHEET**
## **31 JULY 2024**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Cash at bank
-
99,096
**CREDITORS**
Amounts falling due within one year
3
-
(500)
**NET CURRENT ASSETS**
-
98,596
**TOTAL ASSETS LESS CURRENT LIABILITIES**
-
98,596
**NET ASSETS**
-
98,596
**FUNDS**
4
Restricted funds
**TOTAL FUNDS**|Total
funds
£
99,096
(500)|
|---|---|
||98,596|
||98,596|
||98,596|
||98,596|
||98,596|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 May 2025 and were signed on its behalf by:
E C McDonald - Trustee
The notes form part of these financial statements
Page 5
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Restricted fund**
Restricted fund represents collections received or utilised for the purpose of building an accessible playpark.
Collections include amounts received as donations and exepenses incurred to carry out charitable activities and for building of playpark.
Restricted funds fund relates specifically to collections received and applied for the purpose of building an accessible playpark.
Income recognised in this fund includes:
- Donations and grants received where the donor has specified that the income must be used for the construction or development of an accessible playpark.
-Any other receipts or funding that is legally or contractually restricted for the same purpose.
Expenditure charged to this fund includes:
-Charitable activity costs directly incurred in the planning, construction, or delivery of the accessible playpark project. - Related support costs and other directly attributable expenditure necessary for the completion of the project, in line with the restrictions imposed by the donor.
Restricted funds are accounted for separately from unrestricted funds, and any unspent balances are carried forward as restricted reserves until they are used for their specified purpose.
Page 6
continued...
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 July 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 July 2024.
## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
£ 500
## **4. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
|||in funds|31.7.24|
|||£|£|
|**Restricted funds**||||
|Fortune Street Park||98,596|98,596|
|**TOTAL FUNDS**||98,596|98,596|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Restricted funds**||||
|Fortune Street Park|101,787|(3,191)|98,596|
|**TOTAL FUNDS**|101,787|(3,191)|98,596|
## **5. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 July 2024.
Page 7
**THE ALEXANDRA GRACE HALLEY FOUNDATION CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 JUNE 2023 TO 31 JULY 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Charitable activities**
Marathon
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Event costs
Rent
**Support costs**
**Other**
Telephone
Sundries
**Governance costs**
Accountancy fees
Total resources expended
**Net income**|£
93,955
7,832|
|---|---|
||101,787
2,110
450|
||2,560
3
128|
||131
500|
||3,191|
||98,596|
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