**REGISTERED CHARITY NUMBER: 1203791** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2025** **FOR THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025** ||**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 9| |**Detailed Statement of Financial Activities**|10| **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025** The trustees present their annual report and financial statements of the charity for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s constitution, the Charities Act 2011, FRS 102 and the Charities SORP (FRS 102). ## **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. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the Charitable Incorporated Organisation (CIO), as set out in its constitution dated 13 March 2023, are to the relief of those in need by way of disability and special educational needs of children residing in the London area through the provision of awarding grants to borough councils, primary schools and secondary schools where statutory funding does not cover. ## **Public benefit** The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit whilst reviewing the charity's aims and objectives and in planning its activities during the period. The trustees consider that the charity's grant-making and fundraising activities provide direct public benefit to children with disabilities and special educational needs and to the wider communities in which the supported projects are delivered. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** The principal achievement of the period was the award of grants totalling £26,000 in support of two London-based community projects directly benefiting children with disabilities and special educational needs: - £11,000 to the London Borough of Islington toward installation of an accessible roundabout, accessible trampoline and memorial bench at Fortune Street Park, EC1, providing inclusive play facilities for disabled children and their families. - £15,000 toward the Haringey Children and Young People's Health Hub Sensory Garden Redevelopment, providing a therapeutic outdoor space for children and young people accessing the Hub's services. ## **Fundraising activities** The trustees also delivered three successful fundraising events during the period (Annual Charity Ball, Old Bowls Pavilion, Alex's Anyway 5K) and maintained an active online giving programme, building a sustainable income base for future grant-making. ## **FINANCIAL REVIEW** During the period the charity received total income of £27,613 (of which £3,569 was restricted to the Haringey CYP Health Hub Sensory Garden Redevelopment, received from The Tides Foundation) and incurred total expenditure of £37,866, comprising £26,000 of charitable grants (£11,000 Fortune Street Park and £15,000 Haringey Sensory Garden) and £11,866 of fundraising and support costs. The net movement on funds was a deficit of £10,253, reflecting the planned draw down of restricted reserves brought forward. At the period end the charity holds total funds of £88,343. The trustees' policy is to hold reserves at a level sufficient to meet the charity's outstanding restricted project commitments as they fall due, and to maintain a modest unrestricted working balance to cover ongoing operating costs and to enable the trustees to respond to future grant-making opportunities. The reserves position is reviewed at each board meeting and formally at the year-end. No fund is materially in deficit at the period end. The trustees consider the charity has adequate resources to continue as a going concern for the foreseeable future therefore the financial statements have been prepared on the going concern basis. Surplus cash is held on deposit at The Co-operative Bank. The charity holds no investments. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** Constitution of The Alexandra Grace Halley Foundation (CIO Foundation Constitution) dated 13 March 2023. Page 1 ## **THE ALEXANDRA GRACE HALLEY FOUNDATION** ## **CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure** The charity is a Charitable Incorporated Organisation (CIO) Foundation model, registered with the Charity Commission for England and Wales on 29 June 2023 under registered charity number 1203791. It is governed by a board of trustees and has no employees. Day-to-day administration is carried out by the trustees on a voluntary basis. Trustees are appointed for a term of three years by resolution of the trustee board; the constitution requires a minimum of three and a maximum of twelve trustees. The charity works in partnership with local authorities (notably the London Boroughs of Islington and Haringey) and community organisations delivering eligible projects. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number** 1203791 ## **Registered office** 20 Hoppingwood Avenue New Malden KT3 4JX ## **Trustees** E C McDonald Chair Ms L E Gregory Trustee C A Hale Trustee Ms K A Halley Trustee P Solan Trustee ## **Independent Examiner** Michael Michaelides (FCCA) (ACA) AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA Approved by order of the board of trustees on ............................................. 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** I report to the charity trustees on my examination of the accounts of The Alexandra Grace Halley Foundation CIO for the year ended 31 July 2025. ## **Responsibilities and basis of report** As the charity's trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the applicable 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 accordance with section 130 of the Charities Act 2011; or 2. the accounts do not accord with those records; or 3. the accounts do 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; 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 Winchmore Hill London N21 3NA Date: ............................................. Page 3 ## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,497
**Charitable activities**
Marathon
-
Alex's Anyway 5K
604
Annual Charity Ball
8,545
Old Bowls Pavilion
Benevity Corporate Matched
684
1,464
Boiler Service Raffle
250
**Total**
24,044
**EXPENDITURE ON**
**Charitable activities**
Marathon
-
Haringey CYP Sensory Garden
11,431
Accessible Play Equipment (Fortune Street Park)
-
Alex's Anyway 5K
600
Annual Charity Ball
9,352
Old Bowls Pavilion
560
Other
1,354
**Total**
23,297
**NET INCOME/(EXPENDITURE)**
747
**RECONCILIATION OF FUNDS**
Total funds brought forward
-
**TOTAL FUNDS CARRIED FORWARD**
747|Year Ended
31.7.25
Restricted
Total
funds
funds
£
£
3,569
16,066
-
-
-
604
-
8,545
-
684
1,464
-
250
3,569
27,613
-
-
3,569
15,000
11,000
11,000
-
600
-
9,352
-
560
-
1,354
14,569
37,866
(11,000)
(10,253)
98,596
98,596
87,596
88,343|Period
29.6.23
to
31.7.24
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 2025** |Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank
747
88,436
**CREDITORS**
Amounts falling due within one year
5
-
(840)
**NET CURRENT ASSETS**
747
87,596
**TOTAL ASSETS LESS CURRENT LIABILITIES**
747
87,596
**NET ASSETS**
747
87,596
**FUNDS**
6
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2025
Total
funds
£
89,183
(840)
88,343
88,343
88,343
747
87,596
88,343|2024
Total
funds
£
99,096
(500)
98,596
98,596
98,596
-
98,596
98,596| |---|---|---| The trustees are responsible for keeping proper accounting records and for preparing financial statements which comply with the Charities Act 2011, the Charities SORP (FRS 102) and the charity's constitution. The trustees acknowledge their responsibilities for (a) ensuring that the charity keeps proper accounting records in accordance with the Charities Act 2011; and (b) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of each financial year and of its incoming resources and application of resources for each financial year in accordance with the Charities SORP (FRS 102) and the Charities Act 2011. These financial statements have been prepared in accordance with the provisions applicable to Charities SORP (FRS 102) and the Charities Act 2011. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 YEAR ENDED 31 JULY 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102), FRS 102, the Charities Act 2011 and the charity's constitution. 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** The charity maintains two restricted funds during the year: ## **Fortune Street Park restricted fund** This fund represents donations and grants received specifically for the provision of accessible play equipment at Fortune Street Park, EC1 (London Borough of Islington). During the year £11,000 was paid from the Fortune Street Park restricted fund in support of an accessible roundabout, accessible trampoline and memorial bench. ## **Haringey CYP Health Hub Sensory Garden Redevelopment fund** This fund represents income of £3,569 restricted by the donor, The Tides Foundation, to the redevelopment of the sensory garden at the Haringey Children and Young People's Health Hub. During the year, £3,569 of restricted expenditure was applied to this project. The trustees also used £11,431 of unrestricted funds to support the total £15,000 payment made towards the project. 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 YEAR ENDED 31 JULY 2025** ## **2. SUPPORT COSTS** |Other resources expended
Support costs, included in the above, are as follows:
**Other**
Telephone
Sundries
Subscriptions
**Governance costs**
Accountancy Fees|Governance
Other
costs
Totals
£
£
£
174
1,180
1,354
Period
29.6.23
Year Ended
to
31.7.25
31.7.24
Other
resources
Total
expended
activities
£
£
-
3
88
128
86
-
174
131
Period
29.6.23
Year Ended
to
31.7.25
31.7.24
Other
resources
Total
expended
activities
£
£
1,180
500| |---|---| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There was no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the period ended 31 July 2024. ## **Trustees' expenses** During the year, expenses of £45 were reimbursed to one trustee in respect of costs incurred on behalf of the charity in connection with fundraising activities. No trustee expenses were paid in the period ended 31 July 2024. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
Marathon
-
**Total**
-
**EXPENDITURE ON**
**Charitable activities**
Marathon
-
Other
-
**Total**
-|Restricted
fund
£
93,955
7,832
101,787
2,560
631
3,191|Total
funds
£
93,955
7,832
101,787
2,560
631
3,191| |---|---|---| Page 7 continued... ## **THE ALEXANDRA GRACE HALLEY FOUNDATION** ## **CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025** |**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---| |||Unrestricted|Restricted|
Total| |||fund|fund|funds| |||£|£|£| ||**NET INCOME**|-|98,596|98,596| ||**TOTAL FUNDS CARRIED FORWARD**|-|98,596|98,596| |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2025|2024| ||||£|£| ||Accrued expenses||840|500| |**6.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.8.24|in funds|31.7.25| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|-|747|747| ||**Restricted funds**|||| ||Fortune Street Park restricted fund|98,596|(11,000)|87,596| ||**TOTAL FUNDS**|98,596|(10,253)|88,343| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|24,044|(23,297)|747| ||**Restricted funds**|||| ||Fortune Street Park restricted fund|-|(11,000)|(11,000)| ||Haringey CYP Health Hub Sensory Garden|||| ||Redevelopment fund|3,569|(3,569)|-| |||3,569|(14,569)|(11,000)| ||**TOTAL FUNDS**|27,613|(37,866)|(10,253)| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| ||||in funds|31.7.24| ||||£|£| ||**Restricted funds**|||| ||Fortune Street Park restricted fund||98,596|98,596| ||**TOTAL FUNDS**||98,596|98,596| Page 8 continued... ## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025** ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Restricted funds**
Fortune Street Park restricted fund
**TOTAL FUNDS**|Incoming
resources
£
101,787
101,787|Resources
Movement
expended
in funds
£
£
(3,191)
98,596
(3,191)
98,596| |---|---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2025. Page 9 ## **THE ALEXANDRA GRACE HALLEY FOUNDATION CIO** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025** |||Period| |---|---|---| |||29.6.23| ||Year Ended|to| ||31.7.25|31.7.24| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|16,066|93,955| |**Charitable activities**||| |Marathon|-|7,832| |Charity Ball|8,545|-| |Anyway 5K|604|-| |Old Bowls|684|-| |Benevity Corporate Matched|1,464|-| |Boiler Service|250|-| ||11,547|7,832| |**Total incoming resources**|27,613|101,787| |**EXPENDITURE**||| |**Charitable activities**||| |Event Costs|10,512|2,110| |Rent|-|450| |Accessible Play Equipment|11,000|-| |Garden Redevelopment|15,000|-| ||36,512|2,560| |**Support costs**||| |**Other**||| |Telephone|-|3| |Sundries|88|128| |Subscriptions|86|-| ||174|131| |**Governance costs**||| |Accountancy Fees|1,180|500| |Total resources expended|37,866|3,191| |**Net (expenditure)/income**|(10,253)|98,596| This page does not form part of the statutory financial statements Page 10