## **THE�ALLEN�LANE�FOUNDATION** 

**TRUSTEES'�REPORT�AND�FINANCIAL�STATEMENTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 


**Charity�Number:�248031** 

**HPH� Chartered�Accountants 54�Bootham� YORK� YO30�7XZ** 



## **THE�ALLEN�LANE�FOUNDATION** 

## **TRUSTEES'�REPORT�AND�FINANCIAL�STATEMENTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|**Contents**|**Page**|
|---|---|
|Referenceandadministrativedetails|1|
|Trustees'AnnualReport|2�9|
|IndependentAuditor'sReport|10�13|
|StatementofFinancialActivities|14|
|BalanceSheet|15|
|StatementofCashFlows|16|
|NotestotheFinancialStatements|17�32|





## **THE�ALLEN�LANE�FOUNDATION** 

## **REFERENCE�AND�ADMINISTRATIVE�DETAILS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|Trustees:|FredricaTeale,Chair|
|---|---|
||MauriceFrankel|
||MichaelFirth|
||ClaireHitchcock|
||ZoeTeale|
||PhilipWalsh|
||AmberleyCarter(appointed8November2023)|
||ClaraMulcare(appointed28June2023)|
||JustineCadbury(resigned8November2023)|
|Charityregisterednumber:|248031|
|PrincipalAddress:|90TheMount|
||YORK|
||YO241AR|
|E�mailaddress:|info@allenlane.org.uk|
|Website:|www.allenlane.org.uk|
|Staff:|TimCutts,ExecutiveSecretary|
||GillAconley,GrantsOfficer|
|Bank:|Co�operativeBankPLC|
||62�64SouthamptonRow|
||LONDON|
||WC184ND|
|InvestmentManagers:|CanaccordGenuityGroupInc|
||88WoodStreet|
||LONDON|
||EC2V7QR|
|Auditor:|HPH,CharteredAccountants|
||54Bootham|
||YORK|
||YO307XZ|



1 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

The�Trustees�present�their�annual�report�together�with�the�audited�financial�statements�of�The� Allen�Lane�Foundation�(the�charity)�for�the�year�ended�31�March�2024.� 

The�financial�statements�have�been�prepared�in�accordance�with�the�accounting�policies�set�out�in� notes�to�the�accounts�and�comply�with�the�charity’s�governing�document,�the�Charities�Act�2011� and�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�or�Ireland�(FRS�102)�(effective�1�January�2019)���(Charites�SORP�(FRS�102)),�the� Financial�Reporting�Standard�applicable�in�the�UK�and�Republic�of�Ireland�(FRS�102).� 

## **Objectives�and�Activities�** 

## **Objectives�and�Public�Benefit�Statement�** 

The�Trust�Deed�states�that�the�Foundation�may�make�grants�for�'general�charitable�purposes'.�This� gives�the�Trustees�considerable�latitude�to�decide�on�priorities.�The�Trustees�currently�choose�to� fund�work�which:� 

- encourages�or�enables�unpopular�groups�to�share�in�the�life�of�the�whole�community� 

- will�make�a�lasting�difference�to�people’s�lives�rather�than�simply�alleviating�the�symptoms� or�current�problems,�and� 

- is�aimed�at�reducing�isolation,�stigma�and�discrimination.� 

The�Foundation�has�identified�specific�groups�of�people�it�believes�are�vulnerable,�isolated,�and� unpopular�within�the�communities�through�which�support�can�meet�those�objectives.�The� Foundation�is�interested�in�funding�work�which�benefits�people�in�the�following�groups,�or� generalist�work�which�includes�significant�numbers�from�more�than�one�such�group:� 

- asylum�seekers�and�refugees� 

- Gypsies�and�Travellers� 

- offenders�and�ex�offenders� 

- older�people� 

- people�experiencing�mental�health�problems� 

- people�experiencing�violence�or�abuse� 

- young�people�� 

As�the�Foundation's�resources�are�limited,�it�generally�funds�smaller�organisations�where�small� grants�can�have�more�impact.�Grants�are�awarded�to�registered�charities�and�organisations�with� automatic�charitable�status.�Grants�are�also�awarded�to�constituted�groups�with�charitable� purposes�and�newer�forms�of�organisations�such�as�Community�Interest�Companies�(CIC).�It� currently�makes�grants�in�the�UK,�but�does�not�make�grants�for�work�in�Greater�London�as�it�feels� there�are�other�significant�grant�makers�covering�the�capital.�While�recognising�(and�being�willing� to�support)�on�going,�tried�and�tested�projects,�the�Foundation�is�particularly�interested�in�unusual,� imaginative�or�pioneering�projects�which�have�not�yet�caught�the�public�imagination.� 

2 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

The�Trustees�confirm�that�they�have�referred�to�the�guidance�contained�in�the�Charity� Commission’s�general�guidance�on�public�benefit�when�reviewing�the�Foundation’s�aims�and� objectives�and�in�planning�future�activities�and�setting�grant�making�policies.� 

The�Foundation�provides�funding�to�organisations�which�demonstrate�charitable�purpose.�Funding� provided�enables�the�causes�supported�to�provide�benefits�to�the�public�within�those�organisation’s� specific�aims�and�objectives.�This�is�consistent�within�the�aims�of�the�Foundation.�Where�the�grant� is�made�to�a�registered�charity,�the�Trustees�are�confident�that�the�grant�has�been�made�to�further� a�charitable�purpose�to�the�public�benefit.�Where�grants�are�made�to�other�organisations�the� Trustees�consider�carefully�how�the�funds�will�be�used�and�make�those�grants�with�conditions�to� ensure�that�they�are�spent�appropriately�and�for�charitable�purposes.�In�all�cases�the�Trustees�seek� feedback�on�the�actual�use�of�the�grants�given,�and�the�achievements�made,�so�that�they�know�how� funds�were�used�in�practice.� 

The�explanations�and�feedback�on�the�grants�made�are�believed�to�be�sufficient�for�monitoring�the� quality�of�those�grants�and�appropriateness�of�the�size�of�the�grant�made.�In�grant�making�there�is� always�a�necessary�degree�of�trust�that�the�applicant�is�honest�and�will�use�the�funds�wisely.� 

## **Achievements�and�Performance�** 

## **Key�financial�performance�indicators�** 

In�the�year�to�31�March�2024,�the�Foundation's�income�increased�to�£706,412�from�£676,726.� Expenditure�during�the�year�decreased�to�£964,892�from�£993,129.�This�resulted�in�net�expenditure� being�£257,730,�a�fall�from�£316,403�in�the�previous�year.�Once�net�gains�on�investments�of� £1,958,437�are�taken�into�account,�the�overall�net�movement�in�funds�was�a�surplus�of�£1,700,707.� The�total�funds�available�at�the�end�of�the�year�were�£22,156,026.� 

Overall,�the�Foundation’s�portfolio�performed�reasonably�well�over�the�year,�although�it�was� affected�by�a�turbulence�throughout�the�year�by�a�combination�of�the�on�going�invasion�of�Ukraine� by�Russia,�the�conflict�in�Gaza,�high�inflation,�and�the�continued�cost�of�living�pressures�which�have� all�had�an�impact�on�the�global�markets.�Despite�this,�income�from�the�portfolio�has�continued�to� improve.�It�is�expected�that�the�income�due�in�2024/25�will�remain�steady.��� 

The�Trustees�continued�to�have�consideration�on�the�wider�concerns�around�Socially�Responsible� investing.�The�Foundation's�investment�managers�provide�regular�updates�on�the�position�of�the� portfolio�as�it�measures�against�Environmental,�Social�and�Governance�(ESG)�and�Sustainability� ratings.� 

The�Foundation�has�evolved�its�benchmarking�to�take�into�account�the�portfolio�has�more� international�equities�and�incorporated�certain�ethical�considerations�(the�exclusion�of�mining�and� tobacco�companies,�for�example).�The�benchmark�follows�the�Morningstar�GBP�Allocation�60�80%� Equity,�which�is�a�selected�peer�group.�This�is�an�externally�monitored�group�of�institutional�funds� equivalent�to�the�asset�allocation�to�the�portfolio’s�risk�profile�benchmark.� 

3 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

The�portfolio’s�overweight�position�in�the�UK�equity�market�(relative�to�the�peer�group)�proved� beneficial�during�the�period�as�global�equities�lagged,�while�the�positioning�in�shorter�dated�fixed� interest�securities�provided�some�mitigation�against�the�falls�seen�across�the�broader�bond�market.� The�Trustees�continue�to�believe�the�portfolio�is�balanced,�diversified,�and�well�positioned�to� deliver�long�term�capital�and�income�growth.� 

The�Trustees�would�like�to�thank�their�investment�management�team�at�Canaccord�Genuity�UK�for� their�hard�work�and�diligence�during�the�year.�� 

## **Grants��** 

In�2023/24,�the�Foundation�committed�to�146�new�grants�(2022/23�142�grants).�The�total�value�of� grants�committed�was�£736,729,�which�was�lower�than�last�year’s�figure�of�£767,231.�45�grants� (31%)�were�offered�to�organisations�previously�funded�by�the�Foundation,�which�was�similar�to�the� previous�year.�101�grants�(69%)�were�offered�to�organisations�who�had�not�previously�applied�to� the�Foundation,�and�11�grants�were�made�to�organisations�who�had�previously�been�refused.�Most� of�the�grants�offered�(124)�were�single�grants,�with�22�grants�over�two�years.�There�were�no�grants� over�three�years.�� 

From�a�total�of�535�(482�last�year)�applications�made�to�the�Foundation�during�the�year,�(389)�were� refused,�resulting�in�an�overall�success�rate�of�27%,�which�was�lower�than�in�the�year�before�(29%).�� For�most�applications�that�were�eligible,�and�focused�on�just�one�beneficiary�group,�the�success�rate� increased�to�between�30%�and�47%.�There�were�two�exceptions�to�this,�the�success�rate�under� Mental�Health�was�only�14%�against�139�applications�and�under�Young�People�it�was�23%�against� 130�applications.�Many�Mental�Health�applications�were�focused�on�wellbeing�support�around�low� level�mental�health�issues,�whereas�the�Foundation�has�a�focus�on�supporting�applications�for� moderate�to�high�level�mental�health�conditions.�For�Young�people�applications,�the�reasons�were� more�varied�but�included�targeting�the�wrong�age�group�to�a�poor�fit�to�the�stated�criteria.�The�table� below�shows�the�overall�value�and�number�of�grants�across�the�priorities.� 

**Value�and�number�of�grants�funded,�and�refused,�by�funding�programme�** 

|**_FundingProgramme_**|**_Amount_**<br>**_funded_**|**_Grants_**<br>**_made_**|**_Average_**<br>**_grant_**|**_Total_**<br>**_apps_**|**_Turned_**<br>**_down_**|**_Success_**<br>**_rate_**|
|---|---|---|---|---|---|---|
|YoungPeople|£162,344|30|£5,411|130|100|23%|
|Olderpeople|£147,299|39|£3,777|107|68|36%|
|Violenceorabuse|£115,743|18|£6,431|44|26|41%|
|Asylumseekers/refugees|£109,656|20|£5,483|67|47|30%|
|Offenders&ex�offenders|£101,092|16|£6,318|34|18|47%|
|Mentalhealth|£80,095|20|£4,005|139|119|14%|
|Gypsies&Travellers|£20,500|3|£6,833|8|5|37%|
|_Specific/other_|£0|0|£0|_6_|_6_|_0%_|



4 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT�** 

## **FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

The�next�table�below�shows�the�geographical�spread�of�grants�made�during�the�year.� 

## **Value�and�number�of�grants�funded,�and�success�rate,�by�geographical�area** 

|**_Area_**|**_Amount_**<br>**_funded_**|**_Grants_**<br>**_made_**|**_Average_**<br>**_grant_**|**_Successrate_**|
|---|---|---|---|---|
|SouthWest|£107,021|22|£4,865|34%|
|NorthWest|£106,850|22|£4,857|32%|
|SouthEast|£93,232|19|£4,907|20%|
|National|£91,780|14|£6,556|23%|
|Scotland|£64,003|11|£5,818|33%|
|NorthEast|£48,900|8|£6,113|28%|
|WestMidlands|£47,496|12|£3,958|24%|
|EastMidlands|£43,195|7|£6,171|28%|
|EastAnglia|£41,500|9|£4,611|27%|
|Yorks&Humberside|£36,500|8|£4,563|22%|
|CentralSouth|£28,631|7|£4,090|54%|
|NorthernIreland|£17,000|4|£4,250|33%|
|Wales|£10,621|3|£3,540|18%|



The�final�table�below�gives�a�comparison�over�the�last�ten�years�of�the�level�of�grants�awarded�by� the�Foundation.�In�this�ten�year�period�The�Foundation�has�awarded�grants�totalling�over�£7.5m.���� 

## **Ten�year�comparisons�of�the�overall�funding�agreed,�applications�received,�and�refusals** 

**These�figures�result�in�an�average�amount�awarded�per�annum�of�£754,939�in�141�grants.� Average�516�applications�received�per�annum,�with�375�being�refused.�** 

||||**Amount**<br>**funded**|**Grantsmade**|**Grantsmade**|**Average**<br>**grantsize**|**Average**<br>**grantsize**|**Totalapps**|**Totalapps**|**Turned**<br>**down**|**Turned**<br>**down**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**_2023/24_**||_£736,729_||_146_||_£5,046_||_535_||_389_|
||**_2022/23_**||_£767,231_||_142_||_£5,403_||_482_||_337_|
||**_2021/22_**||_£738,169_||_131_||_£5,635_||_427_||_296_|
||**_2020/21_**||_£726,132_||_131_||_£5,543_||_466_||_335_|
||**_2019/20_**||_£783,964_||_137_||_£5,722_||_440_||_303_|
||**_2018/19_**||_£731,233_||_140_||_£5,223_||_498_||_358_|
||**_2017/18_**||_£798,140_||_153_||_£5,217_||_577_||_424_|
||**_2016/17_**||_£749,675_||_135_||_£5,553_||_584_||_449_|
||**_2015/16_**||_£749,786_||_155_||_£4,837_||_588_||_433_|
||**_2014/15_**||_£768,330_||_136_||_£5,649_||_559_||_423_|
||**_10Years_**||**_£7,549,389_**||**_1,406_**||**_£5,383_**||**_5,156_**||**_3,747_**|



5 



**THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

## **Allen�Lane�Lectures�** 

The�Foundation�is�planning�to�hold�a�Lecture�in�the�autumn�of�2024.�Dr�Alison�Frater�has�been� invited�to�give�the�Lecture.�Alison�is�currently�co�Chair�of�Clean�Break�and�previous�roles�include� being�Chair�of�the�National�Criminal�Justice�Arts�Alliance�for�six�years.�The�text�of�some�of�the� previous�Lectures�remain�available�on�the�Foundation’s�website�(www.allenlane.org.uk).�� 

## **Investment�policy�and�performance�** 

The�Trust�Deed�authorises�the�Trustees�to�invest�the�Foundation's�funds�in�the�same�unrestricted� manner�as�if�they�were�the�beneficial�owners�of�the�funds.�Trustees�have�a�clear�and�agreed� investment�policy�and�objectives�based�on�the�advice�of�its�investment�managers,�Canaccord� Genuity�UK,�who�implement�that�strategy�and�report�at�every�meeting�to�the�Trustees�on� performance�and�market�conditions.�The�Trustees�regularly�review�the�investment�policy�and� objectives�to�ensure�that�it�takes�account�of�the�overall�objectives�of�the�Foundation�and�identifies� any�long�term�risks�to�the�portfolio.� 

## **Going�concern�** 

After�making�appropriate�enquiries,�the�Trustees�have�a�reasonable�expectation�that�the�charity�has� adequate�resources�to�continue�in�operational�existence�for�the�foreseeable�future.�For�this�reason,� they�continue�to�adopt�the�going�concern�basis�in�preparing�the�financial�statements.� 

## **Reserves�policy�** 

The�Trustees�are�not�required�to�make�any�distinction�between�capital�and�income,�and�aim�to� maintain�the�real�value�of�the�legacy,�while�ensuring�that�the�level�of�grant�making�is�not�subject�to� large�fluctuations.�Grant�making�in�any�one�year�is�not�strictly�related�to�the�amount�of�investment� income�received,�but�rather�to�an�estimate�of�the�amount�which�can�be�spent�each�year�without� impairing�the�ability�of�the�capital�to�sustain�the�same�real�level�of�spending�indefinitely�into�the� future.�Trustees�consider�that�a�large�proportion�of�its�capital�is�used�to�invest�to�help�generate�the� necessary�funds�for�its�grant�making�objectives.� 

At�the�end�of�the�accounting�period,�the�total�amount�of�unrestricted�funds�the�Foundation�held� was�£22,156,026�(2023:�£20,455,319),�being�the�total�of�unrestricted�reserves�less�those�amounts� representing�tangible�fixed�assets.�This�was�higher�than�the�previous�year,�due�to�the�performance� of�the�Foundation’s�investments�rather�than�due�to�any�change�in�the�levels�of�expenditure� including�the�commitment�to�grants�made.�The�Trustees�accept�that�there�can�be�fluctuations,�both� up�and�down,�in�the�value�of�its�investments,�and�monitor�these�carefully�throughout�the�year.� Trustees�firmly�believe�that�the�modest�rise�in�the�portfolio�value�this�year,�is�within�normal�limits� and�maintains�the�overall�strength�of�the�Foundation’s�financial�position.�� 

The�Trustees�estimate�that�a�minimum�reserve�(excluding�investments)�equivalent�to�one�year’s� operational�expenditure�is�required.�Investments�are�held�as�capital�in�order�to�provide�income� from�which�to�make�grants.��The�Trustees�aim�to�hold�funds�other�than�investments�in�order�to� provide�working�capital�for�day�to�day�needs.��At�the�year�end�reserves,�excluding�investments,�� 

6 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

amounted�to�£132,053�and�annual�running�costs�for�the�year�amounted�to�£103,189.��Therefore,� the�Trustees�are�satisfied�that�they�hold�sufficient�operational�reserves�to�meet�the�day�to�day� needs�of�the�Foundation.�However,�the�total�reserves�need�to�be�considerably�higher�than�this�to� generate�the�investment�income�required�to�continue�the�Foundation’s�grant�making�activities.� 

## **Structure,�governance,�and�management�** 

## **The�Foundation�** 

The�Allen�Lane�Foundation�was�set�up�in�1966�by�the�late�Sir�Allen�Lane,�founder�of�Penguin�Books,� to�support�general�charitable�causes.�Although�the�Foundation�has�no�connection�with�the� publishing�company,�it�has�throughout�its�existence�had�a�strong�family�connection�with�several� family�members�having�served�as�Trustees�including�two�of�Sir�Allen�Lane’s�daughters.�Currently,� the�Foundation�has�eight�Trustees�of�whom�three�are�members�of�the�founder’s�family.� 

## **Appointment�of�Trustees�** 

The�management�of�the�charity�is�the�responsibility�of�the�Trustees�who�are�elected�and�co�opted� under�the�terms�of�the�Trust�Deed.�Trustee�induction�and�training�is�informal,�but�appropriate�for�a� Foundation�of�this�size.�New�Trustees�are�provided�with�copies�of�the�governing�documents,�latest� set�of�accounts,�and�taken�through�the�processes�employed�by�the�Foundation.�Trustees�can�also� attend�specific�training�or�networking�opportunities�provided�for�by�the�Foundation’s�membership� of�the�Association�of�Charitable�Foundations�(ACF).� 

The�Board�appointed�two�new�Trustees,�Clara�Mulcare,�the�great�grand�daughter�of�Allen�Lane,�in� June�2023,�and�Amberley�Carter,�in�November�2023.��� 

## **Pay�policy�for�senior�staff�** 

The�level�of�pay�for�staff�is�set�by�the�Trustees�after�consideration�of�the�size�of�the�organisation,� the�levels�of�responsibility,�and�the�appropriate�rates�within�the�charitable�sector.� 

## **Administration�** 

The�Trustees�are�responsible�for�setting�the�overall�strategies,�policies,�and�funding�criteria�of�the� Foundation�including�investments,�making�the�final�decisions�on�any�grant�awarded�and�for� agreeing�an�annual�budget.�Delegated�responsibility�is�given�to�the�Executive�Secretary�to� implement�these�and�together�with�the�Grants�Manager�they�provide�all�appropriate�advice�and� guidance.� 

The�Foundation’s�staff,�Tim�Cutts�(Executive�Secretary),�and�Gill�Aconley�(Grants�Manager)� administer�the�Foundation’s�business�on�a�day�to�day�basis�from�the�office�in�York,�and�the�Trustees� meet�three�times�a�year.�Reports�by�the�office�are�made�to�the�Trustees�at�every�meeting�with� regular�communication�with�the�Chair�between�meetings.� 

7 



**THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

Trustees�can�report�that�the�cost�of�running�the�Foundation�has�remained�steady,�with�continued� steps�to�keep�operating�costs�at�an�appropriate�level�compared�to�the�level�of�grants�that�could�be� awarded.�Administrative�costs�represent�about�13.9%�of�grants�committed.� 

The�Trustees�are�grateful�to�Tim�and�Gill�for�their�diligence�in�the�administration�of�the�Foundation.� 

## **Risk�analysis�and�management�** 

The�Trustees�have�considered�the�risks�faced�by�the�Foundation.�They�are�satisfied�that�appropriate� measures�have�been�taken,�and�systems�put�in�place�to�mitigate�these�risks�and�minimise�the� impact�on�the�Foundation,�should�difficulties�materialise.�Major�risks�that�the�Trustees�have� considered�and�have�taken�steps�to�mitigate�include:�having�robust�assessment�and�monitoring� processes,�to�ensure�grants�made�are�for�work�which�is�considered�charitable;�having�a�clear� investment�policy�which�takes�into�account�appropriate�professional�advice;�and�ensuring�that�the� Foundation�is�compliant�with�legislation�and�regulations�through�taking�any�necessary�professional� advice�and�employing�experienced�and�knowledgeable�staff.� 

## **Policy** 

The�Trustees�continued�to�recognise�the�impacts�on�vulnerable�individuals�and�across�communities� faced�with�higher�cost�of�living�and�pressures�on�public�services.�Part�of�this�is�support�to� organisations�covers�more�core�and�unrestricted�funding,�rather�than�new�projects�or�work.�There� has�been�in�2023/24�continuous�high�demand�for�grants�and�therefore,�Trustees�continue�to�review� its�priorities�to�manage�that�demand�and�mange�expectations�of�prospective�applicants.� 

The�Trustees�are�always�keen�to�make�the�Foundation’s�criteria�as�clear�as�possible,�to�save� applicants�from�wasted�effort�and�disappointment,�although�this�means�that�the�Guidelines�list�a� significant�number�of�“exclusions”.�The�eligibility�quiz�before�the�on�line�application�process�also� assists�prospective�applicants�determine�whether�they�are�eligible,�without�having�to�go�on�to� complete�an�application.� 

The�Foundation’s�website�gives�better�guidance�to�those�groups�and�organisations�looking�towards� the�Foundation�for�support�and�provides�case�studies�of�grants�awarded.�These�case�studies�not� only�provide�examples�of�the�types�of�grants�the�Foundation�makes,�but�highlights�the�excellent� work�that�is�done�by�many�of�the�organisations�supported.�The�Foundation,�through�its�staff,�are� always�available�to�provide�advice�and�guidance�prior�to�any�application�submitted.� 

## **Future�plans�** 

The�Trustees�continue�to�maintain�the�amount�of�funds�it�has�available�annually�for�grant� distribution.�To�assist�Trustees,�they�receive�regular�policy�statements�and�updates�from�the�staff� team�during�the�year�to�help�refine�or�make�changes�to�its�grant�making�policy.�The�Trustees�will� continue�to�review�of�the�Foundation’s�work�during�the�coming�year�and�continue�to�reserve�the� right�to�offer�larger�grants�at�their�discretion.� 

8 



## **THE�ALLEN�LANE�FOUNDATION� TRUSTEES’�REPORT� FOR�THE�YEAR�ENDED�31�MARCH�2024�** 

## **Thanks�** 

Most�importantly,�the�Trustees�also�wish�to�express�their�appreciation�of�those�who�have�applied� for�grants�this�year.�We�regret�that�there�are�many�we�are�unable�to�help,�but�without�their�work,�a� grant�making�foundation�like�this�would�have�no�purpose.�The�Trustees�and�staff�feel�privileged�to� be�able�to�help�with�their�work.� 

## **Trustees'�responsibilities�statement** 

The�Trustees�are�responsible�for�preparing�the�Trustees'�report�and�the�financial�statements�in� accordance�with�applicable�law�and�United�Kingdom�Accounting�Standards�(United�Kingdom� Generally�Accepted�Accounting�Practice).� 

The�law�applicable�to�charities�in�England�&�Wales�requires�the�Trustees�to�prepare�financial� statements�for�each�financial�year�which�give�a�true�and�fair�view�of�the�state�of�affairs�of�the� charity�and�of�the�incoming�resources�and�application�of�resources�of�the�charity�for�that�period.�In� preparing�these�financial�statements,�the�Trustees�are�required�to:� 

- select�suitable�accounting�policies�and�then�apply�them�consistently;� 

- observe�the�methods�and�principles�in�the�Charities�SORP;� 

- make�judgments�and�accounting�estimates�that�are�reasonable�and�prudent;� 

- state�whether�applicable�UK�Accounting�Standards�have�been�followed,�subject�to�any� material�departures�disclosed�and�explained�in�the�financial�statements;� 

- prepare�the�financial�statements�on�the�going�concern�basis�unless�it�is�inappropriate�to� presume�that�the�charity�will�continue�in�operation.� 

The�Trustees�are�responsible�for�keeping�proper�accounting�records�that�are�sufficient�to�show�and� explain�the�charity's�transactions�and�disclose�with�reasonable�accuracy�at�any�time�the�financial� position�of�the�charity�and�enable�them�to�ensure�that�the�financial�statements�comply�with�the� Charities�Act�2011,�the�Charity�(Accounts�and�Reports)�Regulations�2008�and�the�provisions�of�the� trust�deed.�They�are�also�responsible�for�safeguarding�the�assets�of�the�charity�and�hence�for�taking� reasonable�steps�for�the�prevention�and�detection�of�fraud�and�other�irregularities.� 

This�report�was�approved�by�the�Trustees,�on�and�signed�on�their�behalf�by:� 

Fredrica�Teale,�Chair�of�Trustees� 5�July�2024�������������������������������������������������� 

9 



## **INDEPENDENT�AUDITOR’S�REPORT�TO�THE�TRUSTEES�OF�** 

## **THE�ALLEN�LANE�FOUNDATION�** 

## **Opinion�** 

We�have�audited�the�financial�statements�of�The�Allen�Lane�Foundation�for�the�year�ended�31� March�2024�which�comprise�Statement�of�Financial�Activities,�Balance�Sheet,�Statement�of�Cash� Flows,�and�notes�to�the�financial�statements,�including�significant�accounting�policies.�The�financial� reporting�framework�that�has�been�applied�in�their�preparation�is�applicable�law�and�United� Kingdom�Accounting�Standards,�including�Financial�Reporting�Standard�102�The�Financial�Reporting� Standard�applicable�in�the�UK�and�Republic�of�Ireland�(United�Kingdom�Generally�Accepted� Accounting�Practice).� 

In�our�opinion�the�financial�statements:� 

- give�a�true�and�fair�view�of�the�state�of�the�charity’s�affairs�as�at�31�March�2024�and�of�its� incoming�resources�and�application�of�resources,�including�its�income�and�expenditure�for� the�year�then�ended;� 

- have�been�properly�prepared�in�accordance�with�United�Kingdom�Generally�Accepted� Accounting�Practice;�and� 

- have�been�prepared�in�accordance�with�the�requirements�of�the�Charities�Act�2011.� 

## **Basis�for�opinion�** 

We�conducted�our�audit�in�accordance�with�International�Standards�on�Auditing�(UK)�(ISAs�(UK))� and�applicable�law.�Our�responsibilities�under�those�standards�are�further�described�in�the� Auditor’s�responsibilities�for�the�audit�of�the�financial�statements�section�of�our�report.�We�are� independent�of�the�charity�in�accordance�with�the�ethical�requirements�that�are�relevant�to�our� audit�of�the�financial�statements�in�the�UK,�including�the�FRC’s�Ethical�Standard,�and�we�have� fulfilled�our�other�ethical�responsibilities�in�accordance�with�these�requirements.�We�believe�that� the�audit�evidence�we�have�obtained�is�sufficient�and�appropriate�to�provide�a�basis�for�our� opinion.� 

## **Conclusions�relating�to�going�concern�** 

In�auditing�the�financial�statements,�we�have�concluded�that�the�trustees’�use�of�the�going�concern� basis�of�accounting�in�the�preparation�of�the�financial�statements�is�appropriate.� 

Based�on�the�work�we�have�performed,�we�have�not�identified�any�material�uncertainties�relating� to�events�or�conditions�that,�individually�or�collectively,�may�cast�significant�doubt�on�the�charity's� ability�to�continue�as�a�going�concern�for�a�period�of�at�least�twelve�months�from�when�the�financial� statements�are�authorised�for�issue.� 

Our�responsibilities�and�the�responsibilities�of�the�trustees�with�respect�to�going�concern�are� described�in�the�relevant�sections�of�this�report.� 

10 



## **INDEPENDENT�AUDITOR’S�REPORT�TO�THE�TRUSTEES�OF�** 

## **THE�ALLEN�LANE�FOUNDATION�** 

## **Other�information�** 

The�trustees�are�responsible�for�the�other�information�contained�within�the�annual�report.�The� other�information�comprises�the�information�included�in�the�annual�report,�other�than�the�financial� statements�and�our�auditor’s�report�thereon.�Our�opinion�on�the�financial�statements�does�not� cover�the�other�information�and�we�do�not�express�any�form�of�assurance�conclusion�thereon.� 

Our�responsibility�is�to�read�the�other�information�and,�in�doing�so,�consider�whether�the�other� information�is�materially�inconsistent�with�the�financial�statements�or�our�knowledge�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�determine�whether�this� gives�rise�to�a�material�misstatement�in�the�financial�statements�themselves.�If,�based�on�the�work� we�have�performed,�we�conclude�that�there�is�a�material�misstatement�of�this�other�information,� we�are�required�to�report�that�fact.�� 

We�have�nothing�to�report�in�this�regard.� 

## **Matters�on�which�we�are�required�to�report�by�exception** 

We�have�nothing�to�report�in�respect�of�the�following�matters�in�relation�to�which�the�Charities� (Accounts�and�Reports)�Regulations�2008�require�us�to�report�to�you�if,�in�our�opinion:� 

- the�information�given�in�the�financial�statements�is�inconsistent�in�any�material�respect�with� the�trustees’�report;�or� 

- sufficient�accounting�records�have�not�been�kept;�or� 

- the�financial�statements�are�not�in�agreement�with�the�accounting�records�and�returns;�or� 

- we�have�not�received�all�the�information�and�explanations�we�require�for�our�audit� 

## **Responsibilities�of�trustees�** 

As�explained�more�fully�in�the�trustees’�responsibilities�statement�set�out�on�page�9,�the�trustees� are�responsible�for�the�preparation�of�the�financial�statements�and�for�being�satisfied�that�they�give� a�true�and�fair�view,�and�for�such�internal�control�as�the�trustees�determine�is�necessary�to�enable� the�preparation�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�ability� to�continue�as�a�going�concern,�disclosing,�as�applicable,�matters�related�to�going�concern�and�using� the�going�concern�basis�of�accounting�unless�the�trustees�either�intend�to�liquidate�the�charity�or�to� cease�operations,�or�have�no�realistic�alternative�but�to�do�so.� 

11 



## **INDEPENDENT�AUDITOR’S�REPORT�TO�THE�TRUSTEES�OF�** 

## **THE�ALLEN�LANE�FOUNDATION�** 

## **Auditor’s�responsibilities�for�the�audit�of�the�financial�statements�** 

We�have�been�appointed�as�auditor�under�section�144�of�the�Charities�Act�2011�and�report�in� accordance�with�the�Act�and�relevant�regulations�made�or�having�effect�thereunder.� 

Our�objectives�are�to�obtain�reasonable�assurance�about�whether�the�financial�statements�as�a� whole�are�free�from�material�misstatement,�whether�due�to�fraud�or�error,�and�to�issue�an�auditor’s� report�that�includes�our�opinion.�Reasonable�assurance�is�a�high�level�of�assurance,�but�is�not�a� guarantee�that�an�audit�conducted�in�accordance�with�ISAs�(UK)�will�always�detect�a�material� misstatement�when�it�exists.�Misstatements�can�arise�from�fraud�or�error�and�are�considered� material�if,�individually�or�in�the�aggregate,�they�could�reasonably�be�expected�to�influence�the� economic�decisions�of�users�taken�on�the�basis�of�these�financial�statements.� 

Irregularities,�including�fraud,�are�instances�of�non�compliance�with�laws�and�regulations.�We� design�procedures�in�line�with�our�responsibilities,�outlined�above,�to�detect�material� misstatements�in�respect�of�irregularities,�including�fraud.�The�extent�to�which�our�procedures�are� capable�of�detecting�irregularities,�including�fraud�is�detailed�below:� 

We�obtained�an�understanding�of�the�legal�and�regulatory�frameworks�within�which�the�charity� operates,�focusing�on�those�laws�and�regulations�that�have�a�direct�effect�on�the�determination�of� material�amounts�and�disclosures�in�the�financial�statements.�The�laws�and�regulations�we� considered�in�this�context�were�the�Charities�Act�2011�and�the�Statement�of�Recommended� Practice.�� 

We�identified�the�greatest�risk�of�material�impact�on�the�financial�statements�from�irregularities,� including�fraud,�to�be�the�override�of�controls�by�management.�Our�audit�procedures�to�respond�to� these�risks�included�enquiries�of�trustees�and�management�about�their�own�identification�and� assessment�of�the�risks�of�irregularities,�sample�testing�on�the�posting�of�journals�and�reviewing� accounting�estimates�for�biases.�� 

Owing�to�the�inherent�limitations�of�an�audit,�there�is�an�unavoidable�risk�that�we�may�not�have� detected�some�material�misstatements�in�the�financial�statements,�even�though�we�have�properly� planned�and�performed�our�audit�in�accordance�with�auditing�standards.��We�are�not�responsible� for�preventing�non�compliance�and�cannot�be�expected�to�detect�non�compliance�with�all�laws�and� regulations.�� 

These�inherent�limitations�are�particularly�significant�in�the�case�of�misstatement�resulting�from� fraud�as�this�may�involve�sophisticated�schemes�designed�to�avoid�detection,�including�deliberate� failure�to�record�transactions,�collusion�or�the�provision�of�intentional�misrepresentations.� 

A�further�description�of�our�responsibilities�for�the�audit�of�the�financial�statements�is�located�on� the�Financial�Reporting�Council’s�website�at:� www.frc.org.uk/auditorsresponsibilities.�This� description�forms�part�of�our�auditor’s�report.� 

12 



## **INDEPENDENT�AUDITOR’S�REPORT�TO�THE�TRUSTEES�OF�** 

## **THE�ALLEN�LANE�FOUNDATION�** 

## **Use�of�our�report�** 

This�report�is�made�solely�to�the�charity’s�trustees,�as�a�body,�in�accordance�with�Part�4�of�the� Charities�(Accounts�and�Reports)�Regulations�2008.�Our�audit�work�has�been�undertaken�so�that�we� might�state�to�the�charity’s�trustees�those�matters�we�are�required�to�state�to�them�in�an�auditor’s� report�and�for�no�other�purpose.�To�the�fullest�extent�permitted�by�law,�we�do�not�accept�or� assume�responsibility�to�anyone�other�than�the�charity�and�the�charity’s�trustees�as�a�body,�for�our� audit�work,�for�this�report,�or�for�the�opinions�we�have�formed.� 

## **HPH,�Chartered�Accountants�** 

Statutory�Auditor� 

54�Bootham� 

YORK� 

YO30�7XZ� 

## **5�July�2024�** 

13 



## **THE�ALLEN�LANE�FOUNDATION** 

## **STATEMENT�OF�FINANCIAL�ACTIVITIES FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|_Notes_<br>**Incomefrom:**<br>Donationsandlegacies<br>Investments<br>_2_<br>**Totalincome**<br>**Expenditureon:**<br>Raisingfunds<br>_3_<br>Charitableactivities<br>_4_<br>**Totalexpenditure**<br>**Netexpenditurebeforenetgains/**<br>**lossesoninvestments**<br>**Netgains/lossesoninvestments**<br>**Netmovementinfunds**<br>**Reconciliationoffunds:**<br>Totalfundsbroughtforward<br>Netmovementinfunds<br>**Totalfundscarriedforward**|_Unrestricted_<br>_funds_<br>_£_<br>250<br>706,912<br>707,162<br>127,591<br>837,301<br>964,892<br>(257,730)<br>1,958,437<br>1,700,707<br>20,455,319<br>1,700,707<br>£22,156,026|_Total_<br>_2024_<br>_£_<br>250<br>706,912<br>707,162<br>127,591<br>837,301<br>964,892<br>(257,730)<br>1,958,437<br>1,700,707<br>20,455,319<br>1,700,707<br>£22,156,026|_Total_<br>_2023_<br>_£_<br>�<br>676,726|
|---|---|---|---|
||||676,726|
||||123,721<br>869,408|
||||993,129|
||||(316,403)<br>(937,837)|
||||(1,254,240)|
||||21,709,559<br>(1,254,240)|
||||£20,455,319|



_The�notes�on�pages�17�to�32�form�part�of�these�accounts._ 

14 



## **THE�ALLEN�LANE�FOUNDATION** 

## **BALANCE�SHEET** 

**AS�AT�31�MARCH�2024** 

|_Notes_<br>**_2024_**<br>_2023_<br>**_£_**<br>_£_<br>**Fixedassets**<br>Tangibleassets<br>_11_<br>**752**<br>1,003<br>Investments<br>_12_<br>**22,023,973**<br>20,322,512<br>**22,024,725**<br>20,323,515<br>**Currentassets**<br>Debtors<br>_13_<br>**6,425**<br>4,565<br>Cashatbankandinhand<br>_19_<br>**355,846**<br>363,414<br>**362,271**<br>367,979<br>_14_<br>**(220,320)**<br>(225,175)<br>**Netcurrentassets**<br>**141,951**<br>142,804<br>**Totalassetslesscurrentliabilities**<br>**22,166,676**<br>20,466,319<br>_15_<br>**(10,650)**<br>(11,000)<br>**Totalnetassets**<br>**£22,156,026**<br>£20,455,319<br>**Thefundsofthecharity:**<br>Unrestricedfunds<br>_16_<br>**22,156,026**<br>20,455,319<br>**Totalfunds**<br>**£22,156,026**<br>£20,455,319<br>Creditors:amountsfallingdueafter<br>morethanoneyear<br>Creditors:amountsfallingdue<br>withinoneyear|_Notes_<br>**_2024_**<br>_2023_<br>**_£_**<br>_£_<br>**Fixedassets**<br>Tangibleassets<br>_11_<br>**752**<br>1,003<br>Investments<br>_12_<br>**22,023,973**<br>20,322,512<br>**22,024,725**<br>20,323,515<br>**Currentassets**<br>Debtors<br>_13_<br>**6,425**<br>4,565<br>Cashatbankandinhand<br>_19_<br>**355,846**<br>363,414<br>**362,271**<br>367,979<br>_14_<br>**(220,320)**<br>(225,175)<br>**Netcurrentassets**<br>**141,951**<br>142,804<br>**Totalassetslesscurrentliabilities**<br>**22,166,676**<br>20,466,319<br>_15_<br>**(10,650)**<br>(11,000)<br>**Totalnetassets**<br>**£22,156,026**<br>£20,455,319<br>**Thefundsofthecharity:**<br>Unrestricedfunds<br>_16_<br>**22,156,026**<br>20,455,319<br>**Totalfunds**<br>**£22,156,026**<br>£20,455,319<br>Creditors:amountsfallingdueafter<br>morethanoneyear<br>Creditors:amountsfallingdue<br>withinoneyear|_Notes_<br>**_2024_**<br>_2023_<br>**_£_**<br>_£_<br>**Fixedassets**<br>Tangibleassets<br>_11_<br>**752**<br>1,003<br>Investments<br>_12_<br>**22,023,973**<br>20,322,512<br>**22,024,725**<br>20,323,515<br>**Currentassets**<br>Debtors<br>_13_<br>**6,425**<br>4,565<br>Cashatbankandinhand<br>_19_<br>**355,846**<br>363,414<br>**362,271**<br>367,979<br>_14_<br>**(220,320)**<br>(225,175)<br>**Netcurrentassets**<br>**141,951**<br>142,804<br>**Totalassetslesscurrentliabilities**<br>**22,166,676**<br>20,466,319<br>_15_<br>**(10,650)**<br>(11,000)<br>**Totalnetassets**<br>**£22,156,026**<br>£20,455,319<br>**Thefundsofthecharity:**<br>Unrestricedfunds<br>_16_<br>**22,156,026**<br>20,455,319<br>**Totalfunds**<br>**£22,156,026**<br>£20,455,319<br>Creditors:amountsfallingdueafter<br>morethanoneyear<br>Creditors:amountsfallingdue<br>withinoneyear|
|---|---|---|
||||
|||20,466,319<br>(11,000)|
|||£20,455,319|
|||20,455,319|
|||£20,455,319|



_The�notes�on�pages�17�to�32�form�part�of�these�accounts._ 

_Approved�by�the�Trustees�on�5�July�2024_ 

_and�signed�on�their�behalf�by:�_ 

_Fredrica�Teale,�Chair�of�Trustees_ 

15 



## **THE�ALLEN�LANE�FOUNDATION** 

## **STATEMENT�OF�CASH�FLOWS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|_Notes_<br>**Cashflowsfromoperatingactivities**<br>Netcashusedinoperatingactivities<br>_18_<br>**Cashflowsfrominvestingactivities:**<br>Dividends,interestsandrentsfrominvestments<br>Proceedsfromsaleofinvestments<br>Purchaseofinvestments<br>_12_<br>**Netcashprovidedbyinvestingactivities**<br>**Changeincashandcashequivalentsintheyear**<br>**Cashandcashequivalentsatthebeginningoftheyear**<br>**Cashandcashequivalentsattheendoftheyear**<br>_19_|**_2024_**<br>**_£_**<br>**(971,456)**<br>**706,912**<br>**4,240,817**<br>**(3,983,841)**<br>**963,888**<br>**(7,568)**<br>**363,414**<br>**£355,846**|_2023_<br>_£_<br>(979,738)|
|---|---|---|
|||676,726<br>2,669,178<br>(2,248,962)|
|||1,096,942|
|||117,204<br>246,210|
|||£363,414|



_The�notes�on�pages�17�to�32�form�part�of�these�accounts._ 

16 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS** 

## **FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **1. ACCOUNTING�POLICIES** 

## **a) Statutory�information** 

The Allen Lane Foundation is an unincorporated charity in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations�and�principal�activities�are�the�making�of�grants�for�general�charitable�purposes. 

## **b) Basis�of�preparation** 

The Accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic or Ireland (FRS 102) (effective 1 January 2019) � (Charites SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)�and�the�Charities�Act�2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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) issued on 16 July 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April�2005�which�has�since�been�withdrawn. 

The�Allen�Lane�Foundation�meets�the�definition�of�a�public�benefit�entity�under�FRS�102.� 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the�functional�currency�of�the�charity�and�rounded�to�the�nearest�£.� 

The significant accounting policies applied in the preparation of these financial statements are set out below.�These�policies�have�been�consistently�applied�to�all�years�presented�unless�otherwise�stated. 

## **c) Going�concern** 

As part of their assessment of the going concern basis of preparation, the trustees have considered the forecasted income for the year to 31 March 2025. They have also informally considered the period up to 12 months from the signing of the accounts. The majority of the expenditure, being grants payable, is at the discretion of the trustees and can be reduced if income falls. The charity also has sufficient reserves to cover�the�current�level�of�expenditure�for�several�years�ahead. 

17 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS** 

## **FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **1. ACCOUNTING�POLICIES�(continued)** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees�continue�to�adopt�the�going�concern�basis�in�preparing�the�financial�statements. 

## **d) Income** 

All income is recognised once the charity has entitlement to the income, it is probable that the income will�be�received�and�the�amount�of�income�receivable�can�be�measured�reliably. 

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest�method�and�divided�income�is�recognised�as�the�charity's�right�to�receive�payment�is�established. 

## **e) Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that settlement will be required and the amount of the obligation can be measured�reliably. 

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance�costs�are�allocated�to�the�applicable�expenditure�headings. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the�charity's�objectives,�as�well�as�any�associated�support�costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment,�but�not�accrued�as�expenditure. 

## **f) Interest�receivable�** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by�the�charity;�this�is�normally�upon�notification�of�the�interest�paid�or�payable�by�the�bank. 

## **g) Foreign�currencies** 

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange�ruling�at�the�balance�sheet�date. 

18 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **1. ACCOUNTING�POLICIES�(continued)** 

## **h) Taxation�** 

The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521 �s537 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income�or�gains�are�applied�exclusively�to�charitable�purposes. 

## **i) Tangible�fixed�assets�and�depreciation** 

Tangible�fixed�assets�are�carried�at�cost,�net�of�depreciation�and�any�provision�for�impairment. 

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value,�over�their�expected�useful�lives. 

Depreciation�is�provided�on�the�following�basis: 

Office�equipment ��25%�reducing�balance 

## **j) Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement�of�financial�activities. 

## **k) Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments�are�valued�at�the�amount�prepaid�net�of�any�trade�discounts�due. 

## **l) Cash�at�bank�and�in�hand** 

Cash at bank and in hand includes cash and short�term highly liquid investments with a short maturity of three�months�or�less�from�the�date�of�acquisition�or�opening�of�the�deposit�or�similar�account. 

## **m) Liabilities�and�provisions** 

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement�can�be�estimated�reliably. 

19 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS** 

## **FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **1. ACCOUNTING�POLICIES�(continued)** 

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount�it�has�received�as�advanced�payments�for�the�goods�or�services�it�must�provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre�tax discount rate that reflects the risks specific to the liability. The unwinding of the discount�is�recognised�within�interest�payable�and�similar�charges. 

## **n) Financial�instruments** 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured�at�their�settlement�value. 

## **o) Employee�benefits** 

The�costs�of�short�term�employee�benefits�are�recognised�as�a�liability�and�an�expense. 

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. 

## **p) Pensions** 

Pension contributions paid by the charity into defined contribution pension schemes on behalf of its employees�are�charged�to�the�statement�of�financial�activities. 

## **q) Fund�accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance�of�the�general�objectives�of�the�charity�and�which�have�not�been�designated�for�other�purposes. 

Investment�income,�gains�and�losses�are�allocated�to�the�appropriate�fund. 

20 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|**2.**|**INVESTMENTINCOME**|**_Unrestricted_**|**_Total_**|_Total_|
|---|---|---|---|---|
|||**_Funds_**|**_2024_**|_2023_|
|||**_£_**|**_£_**|_£_|
||IncomefromUKlistedinvestments|678,189|**678,189**|673,687|
||Interestreceivable|28,723|**28,723**|3,039|
|||706,912|**706,912**|676,726|
|**3.**|**COSTSOFRAISINGFUNDS**|**_Unrestricted_**|**_Total_**|_Total_|
|||**_Funds_**|**_2024_**|_2023_|
|||**_£_**|**_£_**|_£_|
||Investmentmanagementfees|127,591|**127,591**|123,721|
|||127,591|**127,591**|123,721|



## **4. ANALYSIS�OF�EXPENDITURE�ON�CHARITABLE�ACTIVITIES Summary�by�fund�type** 

|**Summarybyfundtype**||||||
|---|---|---|---|---|---|
||||**_Unrestriced_**|**_Total_**|_Total_|
||||**_Funds_**|**_Funds_**|_Funds_|
||||**_2024_**|**_2024_**|_2023_|
||||**_£_**|**_£_**|_£_|
|GrantsCommitted(note5)|||726,004|**726,004**|759,231|
|Supportcosts(note6)|||82,551|**82,551**|82,642|
|Governancecosts(note7)|||28,746|**28,746**|27,535|
||||837,301|**837,301**|869,408|
|**Summarybyexpendituretype**||||||
||**_Staff_**||**_Other_**|**_Total_**|_Total_|
||**_costs_**|**_Depreciation_**|**_Costs_**|**_Funds_**|_Funds_|
||**_2024_**|**_2024_**|**_2024_**|**_2024_**|_2023_|
||**_£_**|**_£_**|**_£_**|**_£_**|_£_|
|GrantsCommitted(note5)|�|�|726,004|**726,004**|759,231|
|Supportcosts(note6)|65,577|201|16,774|**82,551**|82,642|
|Governancecosts(note7)|16,394|50|12,301|**28,746**|27,535|
||81,971|251|755,079|**837,301**|869,408|



21 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|**5.**|**ANALYSISOFGRANTS**|**_2024_**|_2023_|
|---|---|---|---|
|||**_£_**|_£_|
||**Grantstoinstitutions**|||
||Grantscommitted(note22)|**736,729**|767,231|
||Grantswithdrawnorreleased|**(10,725)**|(8,000)|
|||**726,004**|759,231|



For�further�details�of�grants�committed�during�the�year�see�note�22.�A�reconciliation�of�grant� commitments�is�as�follows: 

||**_2024_**|_2023_|
|---|---|---|
||**_£_**|_£_|
|Commitmentsbroughtforward|**219,865**|203,706|
|Grantscommitted(note22)|**736,729**|767,231|
|Grantswithdrawnorreleased|**(10,725)**|(8,000)|
|Grantspaid|**(755,228)**|(743,072)|
|Grantscarriedforward|**190,641**|219,865|
|**Grantcommitments**|**_2024_**|_2023_|
||**_£_**|_£_|
|ofwhichpayablewithinoneyear|**179,991**|**208,865**|
|ofwhichpayableafteroneyear|**10,650**|**11,000**|
||**190,641**|219,865|
|**Grantscommited�bybeneficiary**|**_2024_**|_2023_|
||**_£_**|_£_|
|Peopleexperiencingmentalhealthissues|80,095|112,840|
|Offendersandex�offenders|101,092|81,276|
|Peopleexperiencingviolenceorabuse|115,743|84,834|
|Olderpeople|147,299|232,885|
|Migrantcommunities|**�**|40,500|
|Refugeesandasylum�seekers|109,656|140,732|
|Gypsiesandtravellers|20,500|10,000|
|Socialcohesion|**�**|�|
|Youngpeople|162,344|64,164|
||£736,729|£767,231|



22 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|**6. **|**SUPPORTCOSTS**|**_Charitable_**|**_Governance_**|**_Total_**|_Total_|_Total_|
|---|---|---|---|---|---|---|
|||**_activities_**|**_costs_**|**_funds_**|_funds_||
|||**_2024_**|**_2024_**|**_2024_**|_2023_||
|||**_£_**|**_£_**|**_£_**|_£_||
||Premises|7,829|1,957|**9,786**||9,162|
||Officecosts|5,474|1,369|**6,843**||6,546|
||Sundryexpenses|3,470|868|**4,338**||3,370|
||Wagesandsalaries|57,979|14,495|**72,474**|73,264||
||Nationalinsurance|2,002|500|**2,502**||3,000|
||Pensioncost|5,596|1,399|**6,995**||7,625|
||Depreciation|201|50|**251**||335|
|||82,551|20,638|**103,189**|103,302||
||||||||
||Total2023|82,642|20,660|103,302|||



The support costs as listed above are allocated to charitable activities and governance costs using a ratio of 80:20. This ratio has been agreed by the Trustees and shows a reasonable split between time and�resources�spent�on�each�area. 

|**VERNANCECOSTS**|**_Unrestriced_**|**_Total_**|_Total_|
|---|---|---|---|
||**_funds_**|**_funds_**|_funds_|
||**_2024_**|**_2024_**|_2023_|
||**_£_**|**_£_**|_£_|
|Accountancyfees|2,614|**2,614**|2,420|
|Auditfee|4,184|**4,184**|3,874|
|Trustees'travelandaccommodationexpenses|1,310|**1,310**|581|
|Supportcosts(note6)|20,638|**20,638**|20,660|
||28,746|**28,746**|27,535|
|||||
|Total2023|27,535|27,535||



## **7. GOVERNANCE�COSTS** 

## **8. AUDITORS'�REMUNERATION�** 

The auditors' remuneration amounts to an audit fee of £4,184 (2023 �£3,874), and accountancy fees of £2,614�(2023���£2,420). 

23 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **9. STAFF�COSTS** 

|**AFFCOSTS**|||
|---|---|---|
|Staffcostswereasfollows:|**_2024_**|_2023_|
||**_£_**|_£_|
|Wagesandsalaries|**72,474**|73,264|
|Socialsecuritycosts|**2,502**|3,000|
|Otherpensioncosts|**6,995**|7,625|
||**81,971**|83,889|



The�average�number�of�persons�employed�by�the�charity�during�the�year�was�as�follows: 

|**_2024_**|_2023_|
|---|---|
|**_No._**|_No._|
|**2**|2|



No�employee�received�remuneration�amounting�to�more�than�£60,000�in�either�year. 

The key management personnel of The Allen Lane Foundation include both the Executive Secretary and the and the Grants Manager. The total employee benefits of the key management personnel were £81,971�(2023���£83,889). 

## **10. TRUSTEES'�REMUNERATION�AND�EXPENSES�** 

During the year, Trustees received gifts worth £50. They did not receive any remuneration or other benefits�(2023���£300). 

During the year ended 31 March 2024, a total of £1,310 of expenses were reimbursed or paid directly to 7 Trustees�(2023���£581�to�5�Trustees). 

## **������������������������** 

|**�����������������**|||
|---|---|---|
||**_Office_**||
||**_equipment_**||
||**_£_**||
|**Costorvaluation**|||
|At1April2023||**6,278**|
|Additions||**�**|
|At31March2024||**6,278**|
|**Depreciation**|||
|At1April2023||**5,275**|
|Chargefortheyear||**251**|
|At31March2024||**5,526**|
|**Netbookvalue**|||
|At31March2024||**752**|
|At31March2023||**1,003**|



24 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

|**������������������������**|||
|---|---|---|
|||**_Listed_**|
|||**_investments_**|
|||**_£_**|
|**Valuation**|||
|At1April2023||**20,322,512**|
|Additions||**3,983,841**|
|Disposals||**(3,992,314)**|
|Revaluations||**1,709,934**|
|AtMarch2024||**22,023,973**|
|Investmentsatmarketvaluecomprise:|||
||**_2024_**|_2023_|
||**_£_**|_£_|
|Listedinvestments|**22,023,973**|20,322,512|
|Thehistoricalcostoflistedsecuritiesasat31March2024was£14,605,435(2023�£14,885,456).|||
|AllthefixedassetinvestmentsareheldintheUK.|||
|**����������**|||
||**_2024_**|_2023_|
||**_£_**|_£_|
|Prepaymentsandaccruedincome|**6,425**|4,565|
||**6,425**|4,565|
|**14. CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR**|||
||**_2024_**|_2023_|
||**_£_**|_£_|
|Accrualsanddeferredincome|**40,329**|16,310|
|Grantcommitments|**179,991**|208,865|
||**220,320**|225,175|
|**15. CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHANONEYEAR**|||
||**_2024_**|_2023_|
||**_£_**|_£_|
|Grantcommitments|**10,650**|11,000|



25 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **16. STATEMENT�OF�FUNDS** 

## **Statement�of�funds���current�year�** 

||**_Balanceat1_**|||**_Gains/_**|**_Balanceat31_**|
|---|---|---|---|---|---|
||**_April2023_**|**_Income_**|**_Expenditure_**|**_(Losses)_**|**_March2024_**|
||**_£_**|**_£_**|**_£_**|**_£_**|**_£_**|
|**Unrestricedfunds**||||||
|GeneralFunds|**15,018,263**|**707,162**|**(964,892)**|**(23,045)**|**14,737,488**|
|Revaluationreserve|**5,437,056**|**�**|**�**|**1,981,482**|**7,418,538**|
||**20,455,319**|**707,162**|**(964,892)**|**1,958,437**|**22,156,026**|
|**Statementoffunds�prioryear**||||||
||_Balanceat1_|||_Gains/_|_Balanceat31_|
||_April2022_|_Income_|_Expenditure_|_(Losses)_|_March2023_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricedfunds**||||||
|GeneralFunds|14,943,491|676,726|(993,129)|391,175|15,018,263|
|Revaluationreserve|6,766,068|�|�|(1,329,012)|5,437,056|
||21,709,559|676,726|(993,129)|(937,837)|20,455,319|



26 



## **THE�ALLEN�LANE�FOUNDATION** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **17. ANALYSIS�OF�NET�ASSETS�BETWEEN�FUNDS�** 

|**Analysisofnetassetsbetweenfunds�currentyear**|**_Unrestriced_**|**_Total_**|
|---|---|---|
||**_funds_**|**_funds_**|
||**_2024_**|**_2024_**|
||**_£_**|**_£_**|
|Tangiblefixedassets|752|**752**|
|Fixedassetinvestments|22,023,973|**22,023,973**|
|Currentassets|362,271|**362,271**|
|Creditorsduewithinoneyear|(220,320)|**(220,320)**|
|Creditorsdueinmorethanoneyear|(10,650)|**(10,650)**|
||22,156,026|**22,156,026**|
|**Analysisofnetassetsbetweenfunds�prioryear**|_Unrestriced_|_Total_|
||_funds_|_funds_|
||_2023_|_2023_|
||_£_|_£_|
|Tangiblefixedassets|1,003|1,003|
|Fixedassetinvestments|20,322,512|20,322,512|
|Currentassets|367,979|367,979|
|Creditorsduewithinoneyear|(225,175)|(225,175)|
|Creditorsdueinmorethanoneyear|(11,000)|(11,000)|
||20,455,319|20,455,319|



**18. RECONCILIATION�OF�NET�MOVEMENT�IN�FUNDS�TO�NET�CASH�FLOW�FROM�OPERATING�ACTIVITES�** 

||**_2024_**|_2023_|
|---|---|---|
|Net/income/(expenditure)fortheyear(asperStatement|**_£_**|_£_|
|ofFinancialActivities)|**1,700,707**|(1,254,240)|
|Adjustmentsfor:|||
|Depreciationcharges|**251**|335|
|(Gains)/lossesoninvestments|**(1,958,437)**|937,837|
|Dividendsandinterestfrominvestments|**(706,912)**|(676,726)|
|Increaseindebtors|**(1,860)**|(2,452)|
|(Decrease)/Increaseincreditors|**(5,205)**|15,508|
|Netcashusedinoperatingactivities|**(971,456)**|(979,738)|



27 



## **THE�ALLEN�LANE�FOUNDATION�** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **19. ANALYSIS�OF�CASH�AND�CASH�EQUIVALENTS�AND�CHANGES�IN�NET�DEBT** 

|Cashatbankinhand<br>Totalcashandcashequivalents|**_At1April_**<br>**_Cash_**<br>**_2023_**<br>**_flows_**<br>**_£_**<br>**_£_**<br>**363,414**<br>**(7,568)**<br>**363,414**<br>**(7,568)**|**_At31March_**<br>**_2024_**<br>**_£_**<br>**355,846**|
|---|---|---|
|||**355,846**|



## **20. RELATED�PARTY�TRANSACTIONS�** 

There were no related party transactions as required to be disclosed other than the reimbursement of Trustees'�expenses�shown�in�note�10. 

## **21. OPERATING�LEASES** 

|Thetotalfuturevalueofminimumleasepaymentsisasfollows:<br>Withinoneyear<br>Withinonetotwoyears<br>Intwotofiveyears|**_2024_**<br>**_£_**<br>6,854<br>454<br>�<br>£7,308|**_2023_**<br>**_£_**<br>10,054<br>454<br>454|
|---|---|---|
|||£10,962|



The amount of non�cancellable operating lease payments recognised as an expense during the period was�£10,054�(2023���£9,414). 

28 



## **THE�ALLEN�LANE�FOUNDATION�** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **22 GRANTS�COMMITTED�** 

|**GRANTSCOMMITTED**|||
|---|---|---|
|||**_2024_**|
|Grantscommittedintheyearwereasfollows:||**_£_**|
|NewtonHeathCommunityLearningCentre||8,000|
|BugleLibraryofThingsCIC||5,000|
|NoExcuseforAbuse||10,000|
|FuturesUnlocked||8,000|
|TheArukahProjectCIC||5,665|
|EvolveRecoveryHomes||5,000|
|SupportED||10,000|
|GrowforLife||6,000|
|MindYourMusic||5,000|
|WorcesterCommunityAction||4,996|
|ToolsforSolidarityDownpatrick||4,000|
|TalkChanges||4,000|
|MANLEIGH||2,000|
|HopeAgainstSuicide||1,500|
|Restored||8,000|
|TrueButterfliesFoundation||7,500|
|KilledWomen||7,000|
|FlourishNI||5,000|
|ReplenishedLife||5,000|
|ProjectSalama||4,000|
|StrengthCommunityService||4,000|
|Brendan'sBridge||10,000|
|YellowHouse||10,000|
|TotnesRuralAreaYouthEngagement||4,160|
|TheCareExperiencedMovement||7,500|
|ThePhoenixEducationTrust||4,000|
|ParkerTrust||7,500|
|NewBeginningsNorthCIC||9,000|
|GlasgowGirlsClub||7,350|
|ALLEarsMHACIC||6,840|
|KidsTrust||6,000|
|TotalInsightTheatre||5,000|
|SandwellYouthinAction||4,000|
|EngageTrust||5,000|
|TheRockCurrockYouthProject||5,000|
|TimebankingUK||10,000|
|ScottishDetaineeVisitors||10,000|
|CityofSanctuaryLeicester||8,000|
|LaunchpadCollective||7,500|
|AllianceforChoiceBelfast||7,000|
||Subtotal|253,511|



29 



## **THE�ALLEN�LANE�FOUNDATION�** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **22 GRANTS�COMMITTED���CONTINUED** 

|**GRANTSCOMMITTED�CONTINUED**|||
|---|---|---|
|||**_2024_**|
|||**_£_**|
|Subtotalbroughtforward||253,511|
|Afrocats||5,000|
|TheGoodCompanyPeople||8,000|
|TheGreenTeam||6,500|
|WiveyCares||6,000|
|ForeverYoungNottingham||6,000|
|WellfitHealth&Wellbeing||4,948|
|AMALAwellness||4,800|
|Rosemary&Time||3,960|
|TheGreaterGoodProject||3,000|
|CravenArmsGoodNeighbours||1,500|
|CloughmillsCultural&HistoricalSociety||1,000|
|PollokshawsMethodistChurchLADLE||700|
|AlternativestoViolenceProject,Britain||8,100|
|CommunityChaplaincyNorfolk||8,000|
|CleanSlateSolutions||8,000|
|AFairerChanceCIC||7,000|
|EntrepreneurUnlockedCIC||6,800|
|TheWelcomeDirectory||6,072|
|KentRefugeeHelp||5,000|
|Employment4AllCIC||5,000|
|Runforever||3,000|
|CanterburyLadiesChoir||1,455|
|OCDUk||5,000|
|AdullamProgramme||4,000|
|TheClub||4,000|
|ShinePNDSupport||3,966|
|WestMidlandsOCDSupport||2,000|
|ACTSFAST||10,019|
|MaleSurvivorsPartnerships||7,500|
|TheirVoice||7,000|
|ReleaseCounsellingandTherapyforWomen||6,277|
|HonourThyWomenGroup||5,000|
|ThisEndsNow||3,000|
|MNWellChildSupportCIC||6,500|
|IgniteLife||6,000|
|YouthMentalHealthFoundation||5,886|
|YouCanFlourish||4,000|
|BrightpathsSupportCIC||3,000|
|CrewekerneWellbeingCIC||2,500|
|YoungPeopleTakingAction||2,000|
||Subtotal|450,994|



30 



## **THE�ALLEN�LANE�FOUNDATION�** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **22 GRANTS�COMMITTED���CONTINUED** 

|**GRANTSCOMMITTED�CONTINUED**||
|---|---|
||**_2024_**|
||**_£_**|
|Subtotalbroughtforward|450,994|
|Touchpoint|3,500|
|NapierFriends|5,000|
|TauntonWelcomeRefugees|6,656|
|CommunityWelcomeCIC|5,000|
|FurnessRefugeeSupport|4,500|
|OnYourSideNorwichLtd|4,000|
|HarehillsEnglishLanguageProject|3,000|
|RedChairHighlandLtd|6,120|
|WithoutWalls|6,000|
|SapcoteMemoryHub|5,000|
|MHACommunitiesKirklees|5,000|
|TheMentorRing|4,085|
|OlderCitizensAdvocacyYork|4,000|
|SocialCirclesCIC|4,000|
|NODAAyrshire|4,000|
|ParkfieldsCommunityCentre|3,536|
|WovenNestTheatre|3,600|
|FairFuturesCIC|3,050|
|NorthShrewsburyFriendlyNeighbours|1,000|
|AgeConcernSturministerNewton&NorthDorset|3,000|
|ResidentsAssociationofFarringdon&ThirlmereandFarriPark|1,500|
|HiddenFriends|1,500|
|George'sKitchen|1,000|
|YorkTravellersTrust|7,500|
|CoachingInside&OutCompanyLtd|10,000|
|GlasshouseTheatreCic|4,000|
|OrganicArts|5,000|
|KeeptheHeidMentalHealthCafé|4,833|
|GarageArtGroup|4,000|
|WeAreAwareCIC|3,300|
|HappytoChatHappytoListen|3,000|
|Men'sAdviceRecoverySupport(MARS)|2,000|
|FromeField2Folk|1,500|
|ActionAgainstStalking|10,000|
|TheSaffiresProject|8,247|
|TheCentreforMilitaryJustice|7,500|
|MakeaDifference|5,700|
|MorePositiveMe|5,000|
|MoreThanGrandparents|8,000|
|CommunitySkillsandKnowledgeNetworkCIC|5,000|
|Subtotal|633,621|



31 



## **THE�ALLEN�LANE�FOUNDATION�** 

## **NOTES�TO�THE�ACCOUNTS FOR�THE�YEAR�ENDED�31�MARCH�2024** 

## **22 GRANTS�COMMITTED���CONTINUED** 

|**GRANTSCOMMITTED�CONTINUED**||
|---|---|
||**_2024_**|
||**_£_**|
|Subtotalbroughtforward|633,621|
|YouthResilienceUk|6,000|
|TheJunoProject|5,000|
|TheFamilyPlaceFoundation|4,608|
|DandelionConfidenceCIC|4,000|
|Escapeline|3,000|
|LAB7|3,000|
|Eden'sProject|2,500|
|ToxtethWomen'sCentre|7,000|
|InclusiveHomeworkClub|5,000|
|Brighton&HoveFaithinAction|5,000|
|BradfordEcumenicalAsylumConcern(BEACON)|4,000|
|PendleNewNeighbours|4,000|
|MigrantEnglishProject|3,500|
|HorshamRefugeeSupportGroup|2,000|
|LinkingLivesUK|10,000|
|AgeConcernMoleValley|7,000|
|Music4Wellbeing|5,000|
|WishingWellMusicforHealth|5,000|
|CyrilFlintVolunteerCharity|3,500|
|CambridgeshireOlderPeopleEnterprise(COPE)|3,000|
|ChabadLubavitchofMiltonKeynes|3,000|
|XpressYourselfDanceCIC|3,000|
|HappySignsCIC|2,000|
|SIDValleyHelp|2,000|
|Crowthorne&WokinghamWithoutNMI|500|
|SwaleCommunityCareProject|500|
||**736,729**|



32