C•mpakny ReEistratioD No. 00943938 Registered Charity Iyo. 258721 ALLIANCK FAMILY FOUNDATION LIMITED Trustee5' Report aDd Financial Ststements Year ended 31 Mwcb 2023
ALLIANCE FAMILY FOUNDATION LIMITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS 2023 CONTENrs office aDd prOfeI0al advi Trustees. re>rt {int0T)I*[nE a Direttor5' Re[} Statement of trustees. fEsIMbnsbL iiilies IDdep¢Ddent auditor'$ report Statement of financial artivilitts (TUC01 the and ¢A&llure ststcment) io Cash flow sratement Note5 to the fancial statements 12
ALLIANCE FAMILY FOUNDATION LIMITED OFFICERS AND PROFESSIONAL ADVISERS DlliEcfoRSAND TRUSTEES Lord David Ailtance CBE Hon MT5 S D Eerkin Hon J J M A"anCe PRINCIPALANDREGISTERED OFFICE Suite IB Maclaten House Lancastrian Office Cam Talbot Road Manche5Èer M32 OFP BLNXERS Tbe Royal Bank of Scot]aud plc D1]00d House Cbstomer SerYic¢ CeDtre l Redheugbs Avenue Edinburgh EH12 9JN SOLICITORS Boote5 7 Si JaEn¢S Squa Mallch&%t¢r M2 6DN LAf4D AGEf4TS Ingharn & yo¢ Huntroyde Estste Office Padibam L8ntashire BB12 7QX AUDITOR MHA MO0 and Smalley Chartertd Accountsnl& and StaLWOry AlItOr Rirhard House Winckicy Square Preston PRI 3HP
ALLIANCE FAMILY FOUNDATION LIMrrED TRUSTEES, REPORT {incorpor8tiug a Directon, Report) The who are aLw the di0 of the collw. pffesent their aDnuai relrt on the atrairs of Alliauc¢ Family Foundation Litnite¢L c()mpaDy numbtr (K)943938 Jd charity 258721. tO8ethtr with the audited finattti21 Statements and audiwr's rq)orL forthe ywttlded 31 MaT¢h 2023. This Tntste¢s' Rq)ort has beeD prwared inaccordauce with the provisions applicable lo c¥HJJpawtsctrtidd ¢0 the Small copaniC8, exemptiotl. Accorditigly. ]M> Strth8ic RepTrrt has been pre DIRECTORS, TRUSTEES AND MATrIACEMENT PERSONNEL AlliaDce Famity Foundati(bn Limilwj is he referre w as the ¢haTity, and its di1013 its rlwity tTUStets for th¢ purpose of chariry law. The iruscs have TM) ¢mployees or ptrsollnel or others to whom thEy delegate day to day n)aoagem¢nt. Throughout this ¥epJTL the directtjrs are Coll]¥¢]y ref¢ed &$ the In. The activity of the charity i8 exclusively the rn1g of donatioos from th¢ tTh th¢rE art no kry management rrsomJel. The trustees who served dunng the year and thereafter are liA•J page I tog¢ther with the tbyty'S principal and reEist¢r¢d oifiee its Pfsio[ advisu5. Ttustees hold appointmeot Tti accoThtaEKe with the Memor8kn attd Art[Cl of Association. The trustee5 have >Wer to appoint ftew trustees subject to a Maxi of fivc total aDd when a new trustee is appoiDte4 arrdti8etllents will be mad¢ io explain their legal duties and respoDstTrJiliiies. srRUCTUR4 GOVERf4ANCE AND MAP4AGEMENT The charity is registered with the Charity Commission aud fored Ls a c¢Jmpany limitrd by Sh8$ 1968. It is goveTtted by its Memorandum and Artie1&8 ofA&srtiation withiTh th¢ frsmework dow by charity law. vestment wers The MeTnorandum and Articles of ASS1 of the charity irnpjse no re5triclioDs on thc investment of the Princi al risks and their miti on The trusteeq have considered tb¢ ormtiotsal atsd btssJnes5 Tisks the thatity f3CeS Bnd have (xinfirnjed that IW are satisfied with the aTrattgemeDts UL place to lllltigate the. The tEUStees pewTrally CA)nduct the business of th¢ ¢harity and th¢r¢for¢ hav¢ the OpP)n[Y io va]idte all ils t[aeOI. As shown by the flucts]atioJJs tllvestEllent values reflectd in the almal accounts, the main financial risks faced by the charity ¢xrKbsure to falls in the value and income from the listrd invtstmcnt hcld &$ rn¢t and econoThi¢ onditlOll5 change. This has hait particulat impxt folEowiD8 the ODset of tht Covid-19 panden)ic in March 2020 when dividends were sttspended until fitrther llotice and the vahK of the iDveslnJent fell substantially. The twstees hol(f that investmellt for its lorlg trrtTh EK>t¢Dtsal to generate aruhua] itKOTSJ¢ ¢0 fur¥J th>105. However, the level of granÈ makin8 r¢ll]ns restried in the zbsenee date of the restorattots of dIdendS to the 5pOrt of the nior tst Lx>rd Cluvid Alltanc¢ CBQ and his fwnily. Investthents Detsiis of the itkvestments are giv¢n in ne 8 10 th¢ rtnancial sWeMett The Trusiees. ]M)Iicy Is 10 retain theiT ll]ain listed inyestrnent itt N Brown Group plc f(K the illcome il generdtes each year. This remains the ease notwithstanding the continutd su5peTr510n of dividend5 ftDTE] tbal COTnpan)' w4]ose direcLoTS have indicated that they will consider the dividend position aggin in 2024. ITh addition. selected limited other investhnts are maot as opportynity grises where they are aligned with th¢ charity's purposes or for theirgrowth pTrtl. ID thc event of m*et t]u¢tsJations which might mean that the tb¥ity'S assets would not be sufficient to lfil its OblitIOnS as they fall due. it is the inttiOn of the senior ttU5tx David Alliance CBE, to arrange for it to be able to do so. It l5 th¢ charity'5 conti]JutThg poliLy tQ TEtrin the fii¢d a58et TnV¢Stments to gerberatr Te50Ltrc¢5 for its clwitable expMdibJ
ALLIANCE FAMILY FOUNDATION LIMITED TRUSTEES, REPORT (incorporating a Direetors, Report) STRUCTUR& GOVERNAf4CE Ai¥D MAPIAGEMENf (conlin•ed) Re5¢rves It is the trt)licy of the rharity to maintsin the level ofits fill¥J& whidi are at a level sufficient to ETrSUTe iTLcoJne is gentEaitd to covrr its ltonatiot and costs for the eLsuing 12 uKbnths. However. reserve5 have come und pre¢ &$ a result of the dri>p in the share price oltbe compw's listd itiveslmeni In recent yeAr5. During the year und¢r r¢vicw, the chanty rotLwuenily received a donatioll of £lTJ] from Allia#ce'4 prite company. Tht ATLglo-East¢rn Tnt Limit&L to assist its finaEJCts. Lord Alliance remaitts committed to ¢nsuT]ng the charity meets its cbatitable comm1tttts and coniilluL3 with its ch8titsble ¥iivities. even thougb the coPanY'S dividend income fiotD its lied invcstrnettt is sUSded eurrently. He h2$ thercfore reconfirnrd his if to the charity to med its obl]atiOnS. Re13te4t rties A% dtscribed in note 8. the trustees each bave peTsona] shareholdillg tDtue5ts xtt N Brown Group plc and Spllrkbcyond Ltd. tn each of which the Chatity is also VeSted. Imd David Allianff CBE Hon J J M Alliance direelors of N Brow Group plc attd Hon J J M Alliance is a direcror of Swkb¢yond LtsL Th¢ cbarity has Do dealings wtth either Cotnpany Othertha its invesMnett( in its sbaS. Th¢ objectives of the cltarity. as set out in the Memornth and Articles of Awciatio4 are to fi]rther thc reli¢f of povertyy advancement of edUC&tio than(£rneDt of re]i8itin and any other charitabl¢ pwwse according to the law of England and Wates. The charity w&8 formed by the Alliance famity in 1968 to help Tneet the fitwKial. Urational or reliwou5 eed5 of tho% le&8 fortunate or able to hew thetnselvcs itt tiTn¢S or of diffilty. Thi$ r¢]nains irs puryx>se and the cotin to Ca thi5 Out forthe public tMefii by utibsiag the annual incti¢ of the in making dooatEons they consider fulf the obJ1veS of the charity. The tru5tets' po]icy És to t¢view reqUts for r]llancial supwrt al make donatio at their discretion. Ip 50m¢ case5, they will ¥iYe a fornwl or infornial comjnitsueut to make ana]1{10 available from annual income ovet a number of ye5. In 2014. over and abovc their pto8fdrnll of SCh dwatiOL8 from annual tttcom¢. th¢ cbatity a150 entered into a Glft Agreement with the University of Manchcstsrtodonat¢£15m oyero numberof ye4r5 UP to2022 support the str2tegi¢ developm¢nt of Mattehest¢r Business SctKK)l and SY> help cconomic developtlleni of the region. The final insta]Tnept of £lm was paid ]ng the year with the 8&sistsnce of the of £lm from Lotd Alliaote's PTiV compw. The Angio-E8sletn Trust Limited. The t[ltee$ ¢onfiEm they have given carEfiJl cons&de¥atioD to theguidanc£ ¢tlI tn the CJJarityCommission's guidtnG¢ on publit ben¢fJt whwj eWing the th)titioD poly forthe ye4r and their fubjre p13]]S. ACHIEVEMENTS AND PERFORMANCE The charity make5 donaiiot)s tsthei than undcÉtsking activities of its 0) diretily. Its acbievetnents in the yeaT w¢re to provide subgtantial support to charity throush Ik>rtaiiotts to UK and foteigrk edLEcattotta]. rligious and welfare charthe5 and also for Ihe educational. omlical andgenerdl bEn¢fftofindividuaSsvthere eonsiderLuI appropti. The Charity (bes not Seek to raise funds from the public. employs Staff. tts adn]inrsirative exEThse5 are kept to & min[Mu and the Detsi15 of the most sub5taniial instittttioDal {x1105 durmg the year are showD tn nole 6. The trustees wcr¢ also able to provide fvnds for a Yartety ofolhereduc8tioTral. lIgIOUs and we]f3re or8aDiSthoDs. In additio4 th¢ cbariry met medical aud wetfatt costs of a numtrof ind1vithIS direily. thc ]eSt of vknich a]E referjyd to note 6.
ALLtAThCE FAMtLY FOUThDATIOI¥4 LNrrED TRUSTEES, REPORT (ineorporting a DErectors' Report) ACHIEVEMEYtS PERFORWCE (¢otttlRuÈd) O¥crdll, the chan"t)' cwDntsed in mak]"ng thnations in tt year tota]IFng £169.&)7 to 36 or£158 aod 1VidUa for¢han"tsble pU[Fsts {2022: £160214 39 recapitots) and fimhetfinaou¥l dona0$ 15 given in [¢8 5. 6. 10 I I to the fiDm¢MI #atrADe Ah'CL4L XEVIEIV The r¢sLtlts tor the year 31 March 2023 are ser ODI in the SwcmeN of Financial Activiijes ortpJ¥c 9. Inwme fiom lid w&% £Nil 12022: £Nit) in rospx¢ ofth COTr stsawt inve5trDett hcld ill N Brow As indicared e¥rfier. the clw7ty 21$0 Teceived (b)naiion Inlle of £l.IXXI.(KiI (2022.£1.IIIXI,694) wh4clJ facilitat t maintenance ofresemsiwhilst wntinuiog clwitsbleivitie5. Thechariryaddition#lty t(xTrk thcoppunuDily durm8 U year to s¢ll a dereli¢i tarnl hous¢ foE ley¢lOPMent with 8 atrts of arjenity ]and from its pmpcrry inveskncnt l¥d DwnLY5bip. Thttt fkkrthrSsh of £291.m aftL7 agLt% fris a]Ml le8xI oms. "rhcre an wirealisal l¢Jsson Invd5thXOts overall ift theywof £6W12022: 1055 of £1ffi17.171). The0vctNetLvllf0rtheYearOf£9Io,8oI hasbc¢ncr&1ikdto(2022: overnllNct kxwnthtrr¢of£87.478 ¢bLx1 to}SCryS. PLAP4S FOR THE FbTURE With financial 5uppofL available from the soicr Lord David Alliallce CBQ the Ine¢S CXPXt thc charity GOING CONCERN Afier maki¢¥ crLquirit> the tr have a Yt&sonable eX4J¢tn th the thariry has adEqle resou to coniitw¢ in oTl10aIcx15rtnee foTthtfoTeseeabl¢future.betns• le45r(welv¢Trw)nthsfrom the da¢eofapprov41 of the financial rateMen Those re50urcts ittdud¢ thc bettefjl of(be Tr£oJrmaU0n of fuwncial wpp)n from the seuior trvsoe. Lord Dawd Auianct CBQ itllccdcd. io eDabk ttcb¥Tiiy kn trttEits obli100. Furthcr detsils regzrding the i¢tyTOn of the gtiins bws ¢aD be ftquxl in the 5tsTernEntof accounttns policies on page 12 in the financial y•¢ments. AUDrroR ¢knere is no retcvartt audit Inf0Th of wbieh the dwityble COEnpDy5 audity $ u•aw 1 the tru5tets have F¥kerE all Skps they ou8bt bave tsken w nTr8ke ttmselves aw•¢ of Y ttl¢v#nt wdit Ttappoi for ISS by thL buard of ts]5 znd approvd on th¢irEddf bv cy hdve ¢WE55tdthelrwillinpRto1y natTKJmlul foranothettcrm a5 auditorBthl theywill Lord DaTe.. 7Decetnber2023
ALLIANCE FAMILY FOUNDATION LIMITED STATEMENT OF TRUSTEES. RLgPONSIBILfTIES The truste¢s Iwbo att a150 direrto¥s of Alliance Fanjily FouDdation Limid for the pur[rf$ of c4)nJpany law} are responsibl¢ for prqwmg th¢ Annual Re)rt and the fi[wla1 st2temellts in arcotdattee with applicable law and United Kingdom AccouDtll]g 8tsndard5 (United Kingdom Gelletxlly Accepted Accounting Praciice) includillg FRS 102 "The Financial llew)8 StsNlwrd appliubl¢ in the UK al Rq)ublic of [relal.. C4)mpany law twuires the tnjstees kn prepar¢ fEEWItI staents for each fitwjcial year which 8ive a true and fair view of the state of aff8its of the cbarttable eoTnpany attd of the iticorniug resou atsd appltC8tiiMJ of resource4 iKcludiDgthe incom¢and expenditsw¢ofth¢¢hatitsbleCompwforthard Inprepariogthc5¢ financitil ststrmcnts, S¢]l 5uitsble aceountingw)Itcies and then apply them (x)nskskntly. ob%rve th¢ llJettKxtsalld plinciples ill theChaTities SORP. stale whetber applicable UK Aixouniiti8 have Ir£n follow¢4L" prtpre the fjnancial st8tem¢llts on the80itig basi5 ullle5S it is iDaiJprw8tc toprEsume thatthc charitsble ¢omp4ny will ¢ontinue ID busin The trustcesare res[nsIble fOrkeep1ng8deqa[YOugre¢orth thdi5d05e with rf4sonableacawacyatnytime the fittancial po%ition of the charitable Con]P4 y and euable them to ¢tlTe that the fiDatt¢iai statrments con)ply the Comp2Di¢5 Act 21X)6. They are a]so rLWMYUS17)l¢ for Safeguardi the &%%ds ofthe charitable cowany &t)(I hence for thking rea8OTthbl¢ steps for the prev0 3nd daeaitht offi1 aml othcr iTre8u]aTiIi¢s. there i5 Do relevalll audit tttforn1Ion of 7wbich thc c]xatitsbl¢ Compa wditor is unaw. antE the trus*es have tskeo atl they ought to hav¢ tsken to tnake themselv¥ awa of ally releVt audit infonllation alld to cstsblish that the audÈtor is awate of that iDformatio
INDEPENDENT AUDITOR'S REPORT TO THE MEMBE]LS OF ALLIANCE FAMILY FOUNDATION LJMrrED Keport the audit •f the fiDan¢ial statemAts OpithloD We hav¢ audit the fiTraDcial Uatemthts of AllIae Family Foundation (the'charitable compaDy'} fortheyeare]]d 31 March 2023 which ¢omptis¢: the balance sheeL the cash flow staÈetnit and the lated tleS I to 13. illclwjing si1c81 cUmmg ]1¢1 The fitwKial rep)rtÈn8 that I$ been arnylTed in Iheir prelation is aMJlithle law and Unitrd Kingdom Accounting StaTMlards, iEicludtiig FiDan¢iaJ RePOllE Standard 102 Th¢ Financial Reporttng Standard applicabl¢ the UK and Republtc of Irelan {Uniied Kingth)m G£Derally Acw)d Altillg PTattir&). In OUT opioion the rtt)an¢ial ststem¢nts". grve a true and frdir view of the st of the clwitsble cOY's athl at 31 Matdj 2023 aml of its iMwmiD8 50urcts aTMI applitation of illcluding its iwome and expeIltrE forthe yw thefj end. have be¢n properly prepaTtyJ ID accor with Unikd Kingdo Gcaaally Acce ALwunting PJ>ctice. ittcludÉng Fitwjcial Rep)rtiDg SttT¥tard 102 me Fitllnciwl Rqknttng StandardalI¢able ID the UK aDd Republic of JrelaDd-: and Basts for opthion We cotiducted ouraudit in xcordallc¢ with InknioDal St3ndarth on Auditing (UK) (JSAS (UKI) and applicable law. Ow responsibiliiies wider those Nattdards are d]belI iti th¢ auditorf$ re5pottsibilities for the audii of the ftnanciÈl statetTr)ellts sl0n of our r¢wbrL We are independentof thechaTitable cowy in COTd with the cthical requirements thwt areIevt to Out audit of the fjnallcial staknts in thc UK includitig the Ftnatscial Ry>rtittE Council's (the 'FRC's'} Ethical Standard. attd we have fulfilled our other ethid r(5)%]bilitsfs acutrrdaDce th thue WulTrm We belteve the 8LEdit evidence we have obtained is suffieientaDd appmpriate w tMDvide a $1S for ow Tr1¢). ConcJu51oMs rel•ti to goiThg contern Jn auditing the financtal statem wt have coDcludrd the ttukees. use of the goiog c(MKern bast5 of wiunting in the prq)ardtioJJ of th¢ facial 5tst¢ments i5 ryptopriatc. Based onthework we haveptrf0rn wchave llot idetttifiqlany rel18t0 events orcollditi¢)ns tha¢ individually ortollecttvely. (2St $i1c3[ (kjubt i)n th¢ ¢Ilb]e Company's ability to contittue ls a going concen] for4 period of at leasi twelve ftDm when the financial 5tstements ate authoTised for issue. Ollr Tesporjsibilitics atHI the TtwyonsibilÉlies of the wtth T[1 goill8 L7Jn¢em arc dtribed in the ielevaDt Sections of tbis TepoTL Other illfoTwaiio The other inf0mtIO comprises the information rDclthl in the trustees alal rqM)¢ other than the r]Dancial 5tstemettts aud OLtr aU4Jitor's retX)rt th¢r¢oD. The truses rt5poDsÈ7Jle forthe other 1llforni[ conlaincd withÈn the annual rewrt. OUT opiniott on the financial Statemts th)es not cover the Oth infonDation and, except io the ¢xtent ()therwise explicitly stated Tn we do no¢ ¢xprcss any of assurathir LIM¢IL10ll thertt>n. ourresS1b]I1ty is to read the otherinfomw]"on inth)iDg so. cons1derwbether other illforniatioR is mat¢nally InCO]L8isieDt with ibe fin3ncial s¢atetnents orour kTh>wlth8e i)biatned ]n thE a>ur6e of the audiL or othErwise apput5 to be ULqtrrially misstsd. Ifwe idojtifysucb motrrial inconsis*n¢ie5 orappatcnt ]natrTta] mi55tatements, we are required to detelline whether thts giv£5 rise to a matetial Mi&o81cntcni in the financial 5takments themselves. If, baseil on the work have perfoT]I wt conclude thai thu¢ is a ahtitetI of this OtheriofoTtl0n. we are to report fatL
INDEPENDENf AUDOR's REPORT TO THE MEMBERS OF ALLIANCE FAMILY FOUNDATION LIMITED (continued) We h¢ nothitsgto rep)rt in this regard. OpiDi0rt5 OB other m•tters prestribed by tke Comples Art21 In our opinion. bagcd th¢ work undtrt&en in the course of the audiL" the infornhation givthj in the tt4]5tffS' which iDclth the dir1$. Twrt for the purposts of company law forth¢ finla[ ytar wbich the fiuanc411 statemalts is consisteajt tbe financial the directors. report inclwjcd within the trtres. rq b3V¢ ten pttpard In accorda with applic8ble legal Matters on which we xre required t• report by exeeptio In rhe light of the krx>wledge and unde[stsn8 of th¢ ch8ritsble and its envirooment obtsined ID the cotknse of the audiL we havc ttoi identifi any ttl81 miratlts in the directors. [q iticlud¢d within the tnIste, W¢ have Ejotbiog to T¢rt itt tespcct of the following reFion to whith A¢t 2006 io report you if, itt opinion= adequate ac¢oullting record5 bave not been kq)i by the caTitsble Con]nY or Tekn equ forour audit have rkot receivtd from brdnches Tl visid by or the charitsble cofftpat]y financiat State¢tS are Dot ID ag¥eetiJent wrth the acc<rtJ•Fecords and ttlS" or tertain disclosures of remtslleTatioTh specified by law are not made" or we have not receivd 011 tbe information attd cxplallknons w¢ JEquire for otsr#udiL thetnt¢eS were not Culitied totskevalggCOfthes[IIco0n1cS. ¢xnptioD inprepart thediwtOf5' rer atld froth the requ1Ment to prepar¢ a stralLYiC rqlL Re8pott¥ibiliÉies of trDstets As explaitted rn0 fi]Ily in the tres. Yes571 lilities ststement sct out on pw 5 . the trll5tCes Iwbo arc also the directors of the thaTitsble ¢otDpany foribeputp)Kofeompany18w) are re4M)nsil)le forthe preparation ofthe financial SLitrments and for bcing satisfied that they gÉvc a at fair view. atmt for such intenw] COTLtrol as the trustees detettnitje is necwsary to ellabl¢ the prepatatioD of fI]Ji&l 5wemakt5 that are ftEC from matetial misststemeDL wh¢thct duc io fraud or er. In preparing ihe fillallciaj s(atemvtty the tswstees %[1]Sible for &w&sing the charithble company's ability to ¢ontinu¢ as a gotng Conce diwlosin& as applicablq JXtters related to gotDg M¢ern 3nd usitig the going coDcern basis of accouttting ue&s the tru¢ eitlwititeryj to ]iquMfatr cbarikble compw orto (wse OpEr10 or1¢ no rtralistic alternative but to do so. Autht•r'5 responsibiJiÉies for th¢ Thlit of (he fi•aRcial stAt¢wents Our objectives ar¢ to obtain r¢asoDable &wTrnce atM)ut vknethLY the fi[Wl2[ sthtements as a Iwhole are f¢ from matetial mi&8tateTn¢nL whether due to fraud or error. a to an Juditotrs r4 that ÉDclllde5 OUT OPlnl(HL Re&80nable assura]]ce 15 a "gh level of &Ssllr2. is not a guwtee that audit wnducied tn accordance with ISAS (iJK) will always det¢rt a matctial misateokeni wben it lsts. Mi&wements r4n arise from fizud or eTroF atml are considered oJateriJl tf, it)dividua]tyor ill the aEgr¢gate.theycou1drea)j]ablybe expectedto iDfluence the¢co]KMllic de¢isiolls of usets taken ¢)n basis of these finaDcial s1mts. Exteut to v4hi¢b tbe audlt ¢oDsidered up4ble of deIllE iTregulrtties ]ldIg IrKulariticS. including are 1nstsry of ]Th-compliancc with lawsthl gUlationS. W¢de5ign proteAJure5 in line with QUT res)5]bilitIts. outlÈned aknvL ts) ddcrt TnariAI misslatementg respeet of irregularitic4 Includins fraud. The exknit lo vknieh our proCedreS alc (¥pable of th*cting irtegularitsc4 iludIng fraud is tktsiled bclow. AudRtittg th¢ ri5kof fraud illt¢venuebi le5ttDg a5ampleof donatiollsrtteiveiLand interestaTKI inv¢stsnent tncom< to PTQVLde comfort that reveoue in the finala] st8ieEJ]ellts is accurate complete"
INDEPENDEIYT AUDITOR'S REPORT TO THE MEMBERS OF ALLIANCE FAMiLY FOUNDATION LIMITED (continued) ¢xamittation of journal entri¢5 a1 ots adjusthKnts to tr for 4Yr(l al Mkntify any ÉnSWKe5 of rnanagementovetttde of controls,. forming analytical proctdutcs to idc4Jtify any unusual or lillex rdationsbtps that may indicate risk5 of ]nat¢Tial mis5tai¢menl due io frall(" enquiring of moagelljenl conwTrillg aDd tential liii8Ztion and ¢131 attd of nonlIanCe with laws and regulatio. and Betau5e of the field in which the ¢liellt oiwates we identified u)mpliatite with the UK Companies Act aTd the Chan"tie5 Act a the areas JJM)st liketykn have a matetTr21 irnp&# the financtal Be¢ause of the inherent limitatiotts of audiL there Is a risk we will nol detect all itregularitie& including th leadiThg to a matetial in the fillattcial sthiements or non-compli8ll(z with teguiaÈion. ThÈs risk iDcreases the ttjore ihat cojnpliance with a jaw or gUlatiOn is removed froTh the events and tranwtion5 refl4Xted in the fi]]ancial statements, as we will be less kelY become aware of instsof-[¥)Mp1j8I1. Therisk ]s also gteater regardin8 irregularities [rIDg due to frdud rdth¢r than error. as fraud involvcs ttitentionaj concealEJThL forgery collusio ornission or misrepresentatÈon. A fi2rth¢r de1ption of our re5ponsibilitits forth¢ audii of th¢ financiol statements is Ited on the FRC'S websile at.. F/ww.frL.O F.uklaudito Jjsibiiitses. Thi8 driptiOn &)tttLS parl of outaudiuK's IEP)EL L'se of Y¢port This report is ]nad¢ solcly lo th¢ Ch.ble fOTnpany'smemiw &$ a IKWJY. in acrda1C Wtth Chapter 3 of Part 16 of the ComparL1L Act 2(K>6. audit work h&¥ been undertakrn 50 we might 5ta to the charitable COTnp2ny's meTnbers those matters we ate rtqEEirnI 10 5tste to them ID an audttor's rqxyrt and for Do her purpose. To the fullest extent permttted by law. we (k) Ttot accept or as re$]Sl)i1]ty to anyolle other tha]] the cknL%ble conRpatJy atLd the charitable company's memkn 8$ a FKMty. for ovraudit WOEK for ¢his twr¢ or fw the opinions wt have formed. Nleola MASOM (Senior Sttuthry ADdit•r) For and on behgifof MHA Moore Smlley Chartered Actoutttamts and Stttstory Auditor Richa Hous¢ Wincklcy Squar¢ PRI 3HP 0811212023 l)e¢¢mbeT 2023
ALLIANCE FAMILY FOUNDATION LIMITED STATEMENT OF FINANCIAL AcfiviTIES (incorporatiDg the income and expenditure statement) For the year ended 31 M)Ireh 2023 2023 2022 UmrestTieted Unrestrieted Note ITrICOME FROM Donation4 legacies aJ)d simtlarxtsviti&s Btnk deSlI and Oth incou i.Ixx).IMx> 12.152 1.800,694 11.254 TOTAL INCOME .012.152 1.811,948 EXPLNDITURE ON Raising fvnds ChariLqble activitit 27.31KJ 177.294 49,867 192,690 TOTAL EXPENDITURE 204.594 242.557 NET INCOME FOR THE YEAR BEFORE INVESTI4IENT GAtNSl(LO&SFS) 807.558 1.569.391 Reali5ed gairtsl(lossesl on sale of illvthts U]]re&lised (los%tsl from inY¢stmthts 121.4105 139,698) {18.162) 11,617.171) NET INCOMEJffXPENDITUREI FOR THE YEAR AND F4ET MOVEMETr¥f IN FUNDS 910.IMII (87,478) RECONCILIATION OF FUNDS: Total fijnds brought foTward Net tnov¢ment in fi]nds for year 2.345,979 910.801 1433.457 (87.478) Total fimiLs fotward 12 3256.780 2,345.979 Th¢ abov¢ re1 aJe Ikrtved from o)nttnu]ng ¢watioTt5. There are no recogoised gains and 105KE for the current or PriOF fInancial yearotherthan a5 Stated aFx)v¢. ACcling]y. a separak ststaneTrt ofother comprehe51Ve Énco]De h ot beett PT¢senied.
ALLIANCE FAhftLY FOUNDATION LIMITED BALANCE SHEET As at 31 March 2023 2022 FLxeDASSETS 3ml.108 3.197.865 CURRENT ASSETS Debior5 393382 287,188 395.853 291.053 io {14Q181) (1.141939) "ET CURREprf A&SETSl(LIABI) 255ffi72 {1.%86) TOTAL ASSETS LW CURRENT LIABIUTIES 325&7 2J45.979 CREDITOILS: lmounts fxlliDK dut *fterMo th¥n one vear li NET ASSETS 3251780 2J45.979 Unrestricted furtds: Qucd tsp sbarc capita] 12 J2 325&778 1345.977 TOTAL FiJflDS 3256.780 2.345.979 The fi]Janrial s 258721. w¢ ¥5 of Allianr£ Family FouAtstion LirnityL (W3938 ¥TMI nwnber t4)rd David AttJ"aoce CBE io
ALLIANCE FAMILY FOUNDATION LIMrrED CASH FLOW STATEMENT For the year ended 31 March 2023 2023 2022 U1trtte11 UJwtTieted RecoDeiliatioD of net moveTrMt kn fu•th t¥1 ftlow¥ IM oper4tiDg aetwvitses Net mov¢m¢nt in fiuKIs Adjusttnents foi.. IDctsm¢ from investmen i[rt¢r1 alld other income Realised and [¢81]Sed Igain5ylos8es on inVestllnts Decrease in debt015 IDecTeaSe)fiJeaS¢ in crtilitoTh thie withtn on¢yeat {Derreasel in crlto¥S after more than one ye2Y 910.801 (87.478) {12,152) (103,2431 1,894 {I.(KY2.758) (11.2541 1.656.869 17.469 16.269 (967,524) Net cash flows from •ptrtiDg adtviti (205.458) 624.351 Cash from lllY¢5ting artivitie5 Proceed5 froro sale of investtttet 12.152 3(.1MM> 11.254 187,784 Nét cash flov45 from ittvesiing aetÈvili£¥ 312.152 199.038 Net iucregse kn cash equivlthts I(694 823,389 C#sh and c%h e41vale at be1¥ of year 287.188 (536,2011 Cash cash equivalents at the ertd of the ye*r 393.882 287.188 Belng: Casb at bank and in hand 393.882 287.188 393.882 287.188
ALLIANCE FAMILY FOiINDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the yexr ended 31 Mareh 2023 ACCOUMNG POLICIKS COmpY and ¢h¥ritbie status A]Itan¢e FllY FouJhlationLtmit¢¢La publiclxnefit¢ntity. ts in(wxnted in EngiHndaDd Wales asacompaDy limited by share& TheTf are (ymtly thrtt diwor& Iwo of Twbom I]d th¢ £15haTes In i55ue. The company is a reStered chan.ty the ktress of Ihe rcgtsled office is given OD page I gether with othtr levatht information. X¥sis of 4ecountitig The fitwiciai stst¢Jn6nts are prepa1 UDder the bistOEical cost L))nveDtioJL tnodified to include certain iieryjs at fair value, in accordance with th¢ Stsiemtht of Reto¥nrnendtsl Practice-Accounting aDd Rwrting by Charities ISORP 2019}- applicable to chariiic5 preparing theit aCCotr in 0rdance Iwth the Financial Reporting StandaTd applitable ill the UK and iiew]bbc of IFEJarME (FRS 102). effectivc l JaDuary 2019 and the Compani¢s Att 21M)6. The principat a¢counting policie5 a sctout below and kvc been coLsi5trndy applied i]J the ycar and previ¢)us yeai'5 comparatives pre5¢nted. Going c(metrn The ¢barity's activtties and funjre pl$ a set out in the tru5trts' Tryrt whicb destrkbcs the financial Jx)sition of the charity including its fixd asqa investment aDd rcserves wblicie In recent Yea there has ttet) a sigDificant d¢¢r¢asc ID thevalue of th¢ clwity's fixed ttsvQqtel]ts and the futue income they will gellate. However, th¢ s¢nior tnweq EA) David Al]iar CBE, h35 r¢confiTtneA his financial supporL if to enable tbe cbarity to Inc its Oblig10 On the aknve b&si4 the tNstees have a re4son3bl¢ expectation tFt thc charity h&s adequale ft50urc¢s avtitabl¢ to it for a peri1 of at least 12 mollths from the date of anTrroNal of the financial stsleTnts. ad accordin¥ly continue to adopt the going concern basLS thrx filDClaI 5tatanenr& Dot)ation. legacy and investtneJ]t income is for when the clwity has eDtitlemtnt to it a[ includes relatd retoverable rfaty. Interest receivb tntcrest i5 included thc cknity ¥s to iL RAising funds Charitabk activlty The cbarity's activity É5 charitsble ytg ia ptsrsuit of the chaTity'5 objttts. [Aml0S payable are account for when the tnjsitts hv¢ accepted a legal obliwion aDd treatd as EXdVI¢ in the Ststemejjt of FiTJancial Activities accord5ngly. Infomjal pledges th are to k tunded from future income aredis¢losthl as commitJnenL8 in tte 13 to the awounts. AEnounts payable und¢rthe Gift AgrE%ent with Manchester UnivctsÉty now eDde were recognised by referen¢¢ ttb the pellI values of contributions payablc under the 8Ment The pr¢5ent Forelgtt currenty Transacti0tt8 In foreign cuts£Dcies are )rded at the rntc ofeXdJaI at the datr of the tr2twction. Monetary assets and liabiltties d¢EJomiti ID foreigth ¢tcl&S * the bajance sheet da* are TEP)rtcd at the rates of excl18¢ rnlin¥ at d&e. EKchaD8e th"ff¢e5 resulting are sbDWll Tn the StsterneDt of Fillan¢taJ Activities. 12
ALLIANCE FAMIL Y FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2023 ACCOUNTING POLICIFS (eoliline) T¥xatlD As th¢ CoMY is a w5ter&l rharity, it b&8 liability to trx provitsj its income gaiths 8Te applied io chaTithble pwtMTrses45 Splfi>l by 4v11Le lax legisl10 lTrvestmeBt properties Invt%thieni ppertIeS alc rneawr iDitia]tyateost and sub5¢wtyat fwvalue reponiDgdat4 with any cbange recogth iti th¢ Stanxattof Fill2181 Activities. Investjnents Wb¢rt powTr)Ic. investhjents in sbarES aryl securities are mwjred at fair va]ue thrwh the Stat•n•Xi of Financ] Activities. Realised and unrealise41 gains aTrJ losses are skn Septr]y. Fatr value for li5td sbatBs aTwJ strutitics is establishd by refenCe to the maTkd value of stk ¢xch8nE¢ qUOlatiort5. Fair value for other inY¢5tm&]ts is establi5h¢d by Eeference to latest available finan¢tal inforn)atioTh. althougb It is subject to ittevitable Unce]nty a Ult of theirunlisted ¢baracter. whe ["r va]ue of UDlist¢d investments cannot b¢ rncaststtd reliably, thare * cost le impaiTm¢nL Fulld aCC•Uttting The furnls of thc eknty are EStrIcted are ¢xpcndable st the disct¢tion of the in the fi]rthcy8nce of the objects of the chan"ty. There #Te no designaknl or testrietsxl fu¥MIs. Revalkn¥¢ioB reserve The revd1llio reserve [r¢sents uDrcal]s&l WdiDS lasses ising on fatr va14Lqtion of iDvcstnxe]]ts in shares and securitie Charitsble eommitmeDts Conjmitments which are Iwlly bindu]g on th¢ are acC(m for as ex1¢ LD the Stateme]]t of Fijwicial kn[viti. JnfoThnaJ or ¢ondttiotwl that are to be wlmjlly fillanced fro t11t¢ incon)e ate disc105ed irt5tead charttable ci)ThTwthJents in te 13 kn the account& Fffin#ueial FitMtttial assets and fllwic]al liabllities are reco8Dised Iwhett the chartty becomes a party th¢ Colltrdctual provisions of the fE)strumL All ass&s aThJ liabilts 8rc itiitially meayjrd at ttausaction PTÉce lintluding tra]]sactioD Costs). The Gharity only h&8 rcial assets and fiDJ¢tal Jiabilities of a kind thqUalify as b&8[¢ financial illstrwnet)ts. Basic financial Instr are inÈbalty rtrogDis&l at trnDsa¢tion value alld subs4uently mea5urr41 at th¢ir settletnent value. Creditors alld provisions are rttogNised wbar the cknity has a presrt obligation resultÈng from a p&st evetst that will probably Rsult in the trafer tsf to a thrd pty 8t¥J the atnouni to sett]c the obh8atiDTh can be measuted or estilltal T¢liably. nandal Sets iiabilitlex All financial a&ts and liabilities Iti¥l]Y measured attssnsxtion price (incIlIng trnnsaction costs), excq)t for those file121 assets cjasstfied as at faÈr value through profit or 104 wbich ate initiat]y measured ai fair value (which is norn)&lly th¢lTansactioD prict EXChiD% t13llWtion e05ts1, uDless the arrkngetnent cort%titutes a tinallcing irdtssaCtio. If ] 8zng¢enI a)nstin1 a fitwjcc the financial assetor fjnanciaj li2bility is measured at the preselli value of the future paYllnts diw]nted ai a Tnthel rate of interest for a sitijilardebt Trdde and other debtors are recogDised at settlement amount after any trade disLx)utEt off¢red. Prepayments are val¥ed at the amount prepaid. net of Y tth diswullts du Cash at baThk and c&sh in hand inclth ts5h aThd sbort te high]y Ilqu investoThts with a short rnatutity of three m(mths or It&8 from thc &te of¥AWiSitiOts OT0Peni8 of the dqw)sitor similaraccounL 13
ALLIANCE FAMILY FOUNDATION L{LTED NOTES TO THE FINANCIAL STATEMEN13 (contlttued) For the year ended 31 March 2023 ACCOUNfiNG POLICIES (eoDtinued) Flnaacial 55ets liabiilti¢5 (c•tilled) CreditOTS #nd proYisioJ]s are recognisvj where the (X>Tnpany b&$ a prestobIlEation resu]ting from a pastevent that will probably rtsult in th¢ ir8Dsfer of futmls to a thtrd party al the amowii due to seitlc the obligation can be M%red ote5timaied liably. CEedttor8and are IrMallY rux)waJ their settlemtht amount aft¢rallowin8 for any trade dk%cow]ts due. Critical AtcopDtillg Ju(Igemellts and K¢y sOrr(s of U•certAIMty ]n the application of the charity's a¢¢ouTrting PDlicie4 wbich aT¢ dc5cnl)ed alKkYE the trustees required to make judgetn¢nts. estiuwtcs and a&wtioDs abDUt the carrying atll0ts of and liabilities that aTe TLOt r¢adilyappamJt from othtr5ourc¢s. The¢siimtesaTME&8gKiatrd $llpIlOt?$arc baseAon hisioTicaJ eX]enCe attd othtr factors that considered to relevattL Actual rESJtts may diffe¥ from thtse estimates. The estunates and uDderlyiTrg asswnpiious are review 00 au ongoing basis. RevÈsioTrs to accounting cstimates ate recogtiised in the period in which ihc tstIMa Is lSe if the revisioEJ affects only that perio4 or in the In panicutar. investments Én unlisted eniities are me&sured * c(h&t I impairment involving judgements made onthe tatryiTrg #tnounts of those a&8cts * ach rewting date. disclosure othu thatl the abovc Ir4FORLIIATION REGARDING TRUSTEES AND EMPtA)YEFS Nu [¢unC[al)Tr waspaid tothetnJstr¢5 who were the only tplOYS of thechan"ty{2022'. ts0]Je). The trustees w¢r¢ llot paad nor reimbursed for any pej)se$ Illcut during the year {2022.' nonc). During the year, £1.028 12022.. £nil} was paid by way of leEal fee5 to Book3 solicito in whicb tbe knSband of Hon Mts S D Estezkin. trustees w&8 £l.Om (2022.. £1.8m INCOME Baknk inlertst of £1.171 (2022.. £9) w&8 rnEiYal dwing theyear logcthcr wtth of £10.981 (2022: £11245) rel2¢itig fftnvestm¢ntproperty. Donati¢)ns of £l.LM)O.(MM)12022.. £I.81.694) were £1¥ collllCCt with IA)rd Day1 Alliance CBE otle of th¢ Tr1¢. EXPENDITURE ON RAISING FUiYDS 2023 2022 Bank in*re%t and ch Exchange (gainyio55 Expenses relating to invcstJJ)tht pr Legal fees and agents nMI&$I0 r¢ invts(ment propxty diw re dtsposat of NASDAQ Itsted ttjvestmcnt AccowxtaTLCy rS foi taKatioD compliallce servÈcrs F¢rth payable iv the chaTitsbl¢ compaDy'S audikns: amdit of the charitable compaDy'S annual financial ststan 1,086 (3.461) 2,547 8228 13.665 11.635 3.406 1,925 I,8 i Joo 17.1(K) 17,436 27.3(K) 49,867 14
ALLIANCE FAltLy FOUNDATION LllTED NOTES TO THE FINANCJAL STATEMENfs (continued) For the year ended 31 Mareh 2023 2023 2022 tbnations to iDsfitittions DonatiODS for education to i"VIthS DO[05 for medical attd rare costs individuals Other charitsble th>nahon5 99.8(M) 84.250 7,921 20,430 47,607 23,980 45.227 169.IX>7 8287 160,214 32,476 177294 192.690 The Charity undertakcs no athvitses beyond ikntthtion and is personally thin1er¢I by its tte¢S withoui supJx>rt by way of persottD¢l or 01¢¢ overhe&L CASe4u¢nijy. th cbattty has no ss4)port Costs. The costs of ¢xtemai audit E catrgoriseA a5 p( of the expIlUrE ofraising aj inclwjed 4t notr 4. The umviTrIig of discountin8 lateS to thc Gift Agreemenl with MaDch¢ster Uttivw5ity now ended which is fitherdescribd ]n note I l. The 5chethil¢ofpaymerÈtsdlle uthtbat 3gr¢cment w&s tecog]Jll5ed on adi5couttÈed basis. discounting future atnoullts bxk to presem value at each succs]Y¢ acc4)unting da u5ittg tbe re of intcr¢st on th¢ chariEy'S bank Ix>rn)wing. The rethtIon in the level of d]"scounting each ywha5 been recognis Is rther ex"t of the yearon ch8n"table 1Vitie& DONATIOI¥S dw.ity me¢ts its objectives by tnakiDg th)DatÉons for putTXJ5¢S which rnatch those of th¢ ¢haTity. During the ye4r. dollations baye b¢¢n nade to 36 {2022: 39} iitstttutioo& org3nisations and individua15 worldwide. DoationS reptesenting 5 OA (2022: 5Yè) or tnore ofthe to1 expended for the yw lexcludillg for the putpose 2023 DoDatloffj$ to iDstffitslioAT 2022 Maggie's Caneer Treatent CeThtre- Royal Frec Hospitsl co0u]ty Stturtty Trust ewish Care W¢izmatsn lllstitutc 50,000 .000 12,51X 12,500 50.000 Totsl distlosed above Other dotIo[L to itJ5tttulior 117,5 12JlJ) 62.51K> 21,750 Total Ofd0ttonS to iDstÈtulio 99,8(K) 84.250 . Informal pltsjge for adth"bwMI outof filll income included in Not 13. Dooatlott$ for iudlvldu*ls Accolllln(NJation costs Religious traTning SLWK)rt co 23.980 12.(KK) 20,086 12.()(M) 15
ALLIANCE FAMILY FOUIWATION LIMrrED NOTES TO ThE FINANCIAL STATEMENTS (contAnued) For the year eDded 31 March 2023 RECONCILIATION OF INCOMFJ(EXPEf4DITURE) FOR THE YEAR FOR THE PURPOSES OF THE COMPANIES 2006 2023 2022 IucomclExpeDth"tutE) perthe Statenjentof FiDlat Attivities Add: unrealised lo>% on tnvesttneDts 910.801 68.662 (84.4781 1.617,171 NetIncOn forth¢ yearfoTpurpw ofthe Collu)3uics Act 2(K16 979.463 .532,693 INVESTL4IEP4TS HELD AS FIXED A&SETS Other proiwty iuvesknents IRve5tmetrats Total Valuation At l April 2022 Additions Disposal proceeds Net reised invuttttrt gain Nei u]]re&lisEd investment gaIn1(k5) At 31 March 2023 I.490.(V)5 lJ55.171 352.599 3.197,865 (3(.1ml) 121.405 50.5(J) (300.(KM>) 121.405 {18.162} (68.662) IJ61(MN) 1286.5 352.599 3.001,108 At 31 Mah 2023 396.71x1 3.530.016 392,806 4.320.122 At 31 March 2022 496.7(M) 3.530.616 392.806 4.420,122 The charity's knd agenty kngh8Ttt & Yorke, havc teappraised the dethiled boldiTrgs the investjnent propety in the light of cutrent day circutt[ and ¢wwtuniiits aDd the overnll valu¢ of Ihe tnvestmenl property basknn adjustlE51 March 2023 aceordingty. The canyjngvalue represents the agents. prof¢s8ionaJ ¢sijmate as chartered surveyor5 of matkd value on s&le with vacant p)ss¢ssion of the itid]"vidua] holdings based OTr their ongoiug ktM>wledg¢ aDd exp¢riaKe of the Ial arca ¢oucetned. Thete are no pmtect¢d teDancie5. LisÈed irtve5trnents ar¢ lisral the LoDdoD Stock ExthaDge. investllKDts LTJSiSt of av invesknent in an unlisted Israeli mpanY. Material inve5tmext The listed illvestments eonsistof a boldÈng of4.517237 orilw shaTB5 ID N Browll Gmupplc whtch njakes up 100/012022: IIM)O/.) of the Iisr¢d inv¢stMentyrtfO]10. Both ttyd David Alliance CBE and Htsllj J M Alliallc¢, trustees. dircctors of N Brown GTOUP plc aBd and the other tn]stee a]so have r*Jsonal inter¢sts in shares in thai compmy. During theyear, £nil (21>22: of illytstment income was rtteiveAJ on the holdiDg. The share price #t which this iDVcstselll is reElrxt¢4J at the balanc¢ sh¢¢t date i5 28.5p {2022: 30.Opl. As at 29 NovembBr2023, the ckning shate price 10.5w repenting & tujufflion siuce the yeareDd of £ 542,068. The other tiJY&slmcnts repnxetst a IM)Idttkg of sbar¢s Spatkb¢ythMI Lt4 ofwbich J J M Allianc£. trns is a diTtor and wluch ke 2nd the other trustees have illt¢rtsis ill 51we5. Duriug the yr4r. £mi (2022.. £nill of inveslmctst tD(x)me w&5 ]Ve on tbe boldin& 16
ALLIANCE FAMILY FOUNDATION LIMrfED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 Mareh 2023 DEBTORS: AMOUNTS DUE wrrHtN ONE YEAR 202J 2022 Otherdtbts 1.971 3.865 10. CREDITORS: AMOUNTS DUE WITIIIN ONE YEAR 2023 21122 Aecnjals and otkn ¢rtiliti)r5 IdlO.181 1.141939 140,181 .142.939 Accrudts 3nd other Crlt0 Incl £11 12022.. £991.713) in res ofatn(K dueutmkr the charity's foryn Gift Aement th¢ Unive15ity of Manchester furtherdexrilxl in )t¢ I l. II. CREDITORS: Amoupfis DUE AFfER MORE THAN ONE YEAR In Nov¢Tnbw2014. the clwity ¢t)t¢tEd iotij a Gift with the Univct5ity of Matbe5trr support the strategic developmerti of Manchester Busme&s Sch1 within tht UlliversEty's Faculty of Hllmwjities. Th¢ total donation provided under tht agreement £15m spread ovw the yeats from 2015 to 2022 and Ihat amount as discounted io thept¢seniYalueolthe fithrecash Ilows volv was included tn DonatÈonsto institutkons within Charitable A¢tiv&ttes ¢llJd¢r EX[tlIre for the ye4r ended 31 Mah 2015. In accordaEKe with the schedllle of payment ID the agreemthL the fiaal £ltn w&$ paid io the Lry]rrcnt yr and 0 arnounts ran8 to k paid the Univcr5ity at the yearerf either withiti one yearor after MO than on¢ 11 STATEMENf ON UNRLSTRicfED FUMIS Totsl capital: AttUmUlatl unrtstrided 2 Jh¥re5 of 5urplws1 (deficit) Bkianee it l April 2•21 1433,455 1433.457 Net incthne before ittves(ment (10&5} Realised {losses} ott 5a1¢ 0fillvtstcllts Unrfalised {lows) from ioY¢sttnents 1.569,391 ,569.391 (39,6981 139.6981 (1.617.171) (1.617.171) rr MOVEMENf IN FUNDS (87.478) {87,4781 BallCe &t31 Marth 21)22 2J45.977 2J45.979 Nei income before investEnent gallo0$s¢s) R¢aJised ¥aius on sale of iDvt%tttJ¢nts UnrGaliscd (Io&%Gs1 from 807,558 121,405 (18.162) 807.558 121,405 (18,162} NET MOVEMENT IN FUNDS 910.801 910,801 aDte *t 31 Martb 2023 3256.778 3,256.780 Ther¢ are llo desigllated w r&tsict&l fon 17
ALLIANCE FAMtLY FOUNDATION LIMrrED NOTES TO THE FINANCIAL STATEMENTS {conliDued) For the yr ended 31 March 2023 12. STATEMENf ON IJNRLsfRIcfED FUNDS (colltin4ed) ANALYSIS OFASSETS AND tIABILfnKs BETWEEN u1¥RKCfD FUPIDS Attmmulated surplnsl (deficit> 2023 SharE Aet¥mu]2ted surp15/ IdefStiti 2022 Sh¥re cptlal Tot1 2023 2023 Totsl 2022 2022 FIX invLstmeDts 3.IXII,108 3.IKII.108 395.851 395,853 (140.181) (140.181) 3.197,865 3.197,865 291.051 291,053 (1.142.939) (1,142.9391 Cumt liabi]itie& 3256.778 3256.780 1345.977 2J45,979 13. A5 part of its acliviti4 th¢ cbatity in itLstsn¢cs gives infornul pledges or othenvi5e ]nfOrnllY agrtts to make donation5 over a nuMb0F y¢wrs 10 be mci out of its fublre annual income. As no contrattually spwific aTfdngtsncThts are entered t0 b¢tween the paTties n¢t1cL thc chaTity dS not consider such commilments a5 COttStnEctiv¢ or legal obligations forth¢pww)K8of itsaccounts ljui ]Dtad discloses them below as charitsble 21123 21122 Agrttd but Dot yet provlded Brought forward Additional COJllTllTttn¢nts Arnounts charged &gaiti* commitsnents 129,(K)9 130.619 (50.(MXI) 1205 12.5(KJ) 890 CIosiDgbaJ2T 80214 129,009 J8