Or79n En7 ID.. OF8335BKD4F4482-BciM>ceeFA092EF40 Ch•rlty numbor. 271784 THE ATD FOURTH WORLD TRUST UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 RPG Crouch Chapm8n LLP Chartered A¢countants & Statutory Audltor 40 Gracechurch Stre8t London EC3V OBT
DwJ8bn ID.. oF833s8ED4F442OOE8F4O¥2EF4O THE ATD FOURTh WORLD TRUST GONTENTS R6ference and admlnistrative details of the Charity. its Truste88 and advisers Trustees, report Trustees, responslbllltle8 8tatem8nt Indep8ndent 8xamlnetr8 report stst0ffl of tlnanclal actlvltle8 Balance sheet Notes to the financlal 8tatements 10-23
DSan EnvBlw ID.. OF&33589ED4F4482-BOOLyceoF4092EF40 THE ATD FOURTH WORLD TRUST REFERENCE AND ADMINISTRAnvE DETAILS OF THE CHARrrY. ITS TRUSTEE8 AND ADVISER8 FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees N Collins K Ev8n$ C McDowell P Daniels, Chalr Charlty reglglered number 271784 Prindpal office 48 Addington Squar6 London SE5 7LB Accountonts RPG Crouch Chapman LLP 40 Gracechurch Street London EC3V OBT Bankers HSBC Bank PIC 23 Danmark Hlll Camberw811 Gr68n London SES 8RP Independent Examlnor Jaremy Tyrrell FCA 40 Gracechurch Stra8t London EC3V OBT Page 1
EMILV ID.. OF8335B&ED4F44824OOD-C66F4092EF40 THE ATD FOURTH WORLD TRUST TRUSTEES. REPORT FQR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and financial statements for lh8 12 months ended 31st December 2024. The financial slalements have been prepared in accordance with th8 accounting policies set out in note I to tha accounts and compty with the charity's trust deeds, the Charities Act 2011 and Accounting and Repoiknng by Ch8rilies: Statement of Recommended Practice appli¢able to charilles preparing thelr accounts In accordance with the Flnanclal Roporting Stsndard appllcable In the UK and RepubliG of Ireland published on 16 July 2014. The Trustees confirm that the Charity Commission's general guldance on public benefit has been Considered In relation to the obj8Ctive$ of the Charity. The raport below sets out those objectives and des¢rlbes how they have been mel In the CUTrent year. In p8rti¢ular, tho chaTIty has provlded 6ignificant rellef from poverty lo famllies In the UK and overseas. eclives and aclivili88 a. Pollcias and objecllves The Trusvs obl8clive is to provlde r8li8f to fBmllies In need of reeuperatlon and rehabilitation by reason of their povety or soGI811 economic circumstances. both In the Unlted Kingdom and countr198 overseas. The Trust doe¥ not provide fin8ndal asslstance to Indlvidu818. Its maln activitie8 are to èmploy, train and support core workers whom It contracts to other organisations working wlth similar charitable oblectives. The Trust also hold8 propertle8 for use by such organl$ations. It owns the freehold of propertle8 sltualed al 48 Addington Square, London, 'Frimhurs¥' at Frimley Green In Surrey and 'Braendam" at Thomhill In Scotland. In s8ttlng objectives and planning lor actlwties, the Trustees h8ve gen due coftslderetion to general guldance published by the Charity Commisslon relating lo publlc benefit. Including the guidance 'Publlc b8nefrt'. runnlng a charlty {PB21'. Maln achievements of the Charity The provlslon of the properti8$ and personnel lo other charllles or non-profft organlsat1ons which work for rellef Irom poverty conlinued through tha year. In November 2024. the Lilias Graham Trust ILGT), the long-temi tenants of Braendam Hous8, Infomied the ATD Fourth World Trust that, due to financial diffiGultles. the LGT had passed a motion to wlnd up and servod notice of 18rmlnation of the lease. Th& Twstees are actively looklng for solutions lo continue charitable acllvty at the property and are in dlalogue wlth potenllal partnars In Scotland tOW8rds that and. Ag result of the official occupancy of 8r8endam House retuming lo the ATD Fourth Wodd Trust, th8 Tru51ee5 have applied and been granted charilable Btalus wllh the Office of the Scottish Charity Regulalor {OSCR) with effect of 15 Aprfl 2025. In addltlon to the on-going efforts lo secure the future of 8raedam Hou$&. a worklng group lod by th8 chair of the ATD Fourth World Trust is investlgating optlons for secudng capitsl investment that can provido resources for the future renovation of 48 Addinglon Square. The Trust has supported 13 core workers during the year, providing salaries. pension arrangements and generally attending to training and welfare needs 80 that they can work effectively with the harltles to which they are seconded. Durfng the year they have worked with non-profit organisations in the UK, France, Belgium, Ireland, Mexico. and Madagascar. Pogo 2
Doujllign EN•lope ID.. oF833sE04F4482-FO0tc64Og2EF4O THE ATD FOURTH WORLD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevement9 and perfomance (continued) The Trust's work continuas to be 9upervised by It8 Trustees at regular Trusl meotings and by reviewing raports and discussion with management. b. Fundraising activltles and Income generatlon The th8rity does not cary out any fundralslng aclivitles and Income18 maSnly received from grant5, 1ogaci&s and fees. Any donats'ons received are incidental. c. Plans for the future The Trust Intends to continue to hold the propertla8 and to r8cnJlt and 8UPPOrt cor8 workers for thg purpjse of Sls objectives. Flnanci81 revl8w . Golng Concem After m8klng approprlate enquldes, the Trugtees have a reasonable oxpectallon that the Charlty h88 8dequale ro$ource8 lo continue in oper8tional existence for the fores8eable futur6. For this rea¥on, they Gonllnua to 8dopl the golng concern basis in preparing the financial 8latamenls. Further detalls regardlng the adoption of the going concem basi8 can be found in the accountlng pollc408. b. Reserves pollcy The Trust888 con8ld8r thal sufficient. but not excesglve, re8eNes are retalned to meet the commitments of the charity. the principal reserve being to cover the posslble need for 88lary 8UPPOrt and for future penslons for core workers, should granl Income b8 redud. c. Incomo 8nd expendltura In 2024 incomlng resource8 were £191,089 (2023: £287,164). Expenditure amounted to £192,S96 12023.. £234,049). This r88ulted in net outgoing re8ource¥ of £2,507 for the year (2023: not incoming resources of £52,115). d. Principal rlsk5 and uncertalnties The Trusleos have con8ldered the riskg facing tho organisation and are of the oplnlon that the Trust's princlpal financial rtsk Is the failu to obtain suffiGient funding to enab18 It to contlnu8 to fulfil Its obloctives. This risk Is belng addressed In a number of ways. The Tru ensuras it maintains good relationships with its core lunders. This Includes ensudng all obligallons are mel, financial systems are $uilable to ensure the funds recelved are propedy securod. spent and recorded according lo the instruction of the funders, the Statement of Recommended Practice and generally accepted accounting practices in the UK. The Trust Is also continually seeking altemative sources of fundlng In order to dlver5rfy Its rfsk away from its core funders. Other principal financial risks facing the Trust are addressed by insurance and procedures designed to ensure that the Trust is materially protected from financial and operatlonal loss. P4ga 3
0ugn ErN8ky ID.. OF8335BD4F44B2.9fA)D0e6F4092EF1c THE ATO FOURTH WORLD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 tructure oveman and m8na emen . Constitution The TrLJSt18 r8gl8tered charlty number 271784 with the Charity Commi98ion of England and Wales, The Trusl was established by Ils goveming documont, the Deed of Trust dated 13th Juty 1976. Slnce 15th Aprfl 2025. the Trust Is also a registered charity with the Office for the Scothsh Charlty Regulator, number SC054144. b. Methods of appointment or election of Tru¥lees The management of the Charlty Is the re6ponslbillty of the Tru8to8s are elected and COwOPtèd under the terms of tho Trust deed. c. Organlsatlonal structure and dod81on-maklng pollcl08 Th& Tru8t8es who h8Vo Sepd durlThJ the year w8ro C. Mctknvell, P. Danl81s. N. Collln8 and K. Evans. Ther8 have bean no changes to the TrusteeB since the year end. Durlng the perlod the Tru8loe8 mel four time8. The power of appolnlmenl ro8t6 th the Trustee body of the Charfty. Approved by order of th8 m8mbers of the board of Tru8t8e8 and 81gned on thelr behalf by: P Danlel• Trustge Date: 17 June 2025 P4B4
Env10.. UF8335BED4F44B2-BO0D-cSF4OEFo THE ATD FOURTH WORLD TRU8T STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 TNstee$ are responsible for preparing the Trustee8' report and the finandal statements in accordance wth applicable law and Unlted Kingdom AcCntIng Slandard5 (United Kingdom Generalty ACPIed Accounting Practice). The law applicable to charities In England & Wales requires thè Trustees to prepar6 financial statements for each financial which give a true and fair view of the state of affalrs of the Charlty and of Its Incomlng r8sour¢e$ and applScatlon of resources, including S Income and expendllure, for that P8fiod. In preparing theso financial slatoments, the Truste88 are required to.. 5818¢t suitable accountlng policies and then apply Ihem consistently; observe the methods and principles of thè Charities SORP IFRS 1021.. make judgments and accounting 851imal&s that are rea$on8bl8 and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed. 8ubj8ct to any matarfal departure5 dlsdosed and explalned in th6 finanaal 8talements', prepare the financial statements on the going wnGem basis unless it 1% Inappropriate to pre8ume that the Charlty wlll continue In buslne8S. The Twst885 are re8FM)nglble for keeplng adequate accounllng re¢ord8 that aro sufflcient to show and explain the Ch8rily's trans8Ctbons and disclose with reasonable a¢curaGy at any time thè financial positlon of the Charlty and enabl8 Iham to ensur8 that the financial statements comply wlth th8 Chartlles Act 2011, the Chadly IA¢counls and Reports) Regulatlons 2008 and the provlslons of th6 Trust deed. They are also responsibk for safeguarding the a$$els of the Charlty and hon¢e for taklng r888onabl¢ step8 for the preventlon and detection of fraud and other lffegul8rllle$. Approved by order of the mernbors of the board of Tru8te88 and slJn8d on Its behaw by.. P Danl•l8 Trustee Date: 17 June 2025 Page S
oLKUon En4 ID.. OF8WB9ED4F4W2.BOOW66F4092EF40 THE ATD FOURTH WORLD TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OECEMBER 2024 Independont examin0¢$ report to the Trustees of The ATD Fourth World Trust I'the Charlty'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 D¢cemb8r 2024. Responsibilltles and basis of As the Trustees of the Charlty you are responslble for the preparatlon of the 8wunts In accordanc8 with the requir&ments of the Charities Act 2011 {'th8 2011 Act,). I report In r86pect of my èxamination of the Charltvs accounts carried out under section 145 of the 2011 Act and In carrylng out my examlnation I have follow&d the appllcable Dlreclion$ glven by the Charfty Commlssion undor 88Ction 145(5Xbl of the 2011 Ad. Indap8ndent examlne¢s 8taloment Your attentlon l& drawn to the fact that the Chadty has propar8d the accounts in accordance Accounllng and Roporting by Charities.. Statement of Recommanded Practice applicabbe to charlties preparing their aount8 in accordance wKh the Flnanclal Reporting Stsndard applicab18 in the UK and Republic of Ir8land IFRS 1021 in preference lo th8 Accounting and Reporting by Charitses.. Stslemenl of Recommend8d Practic8 Issued on 1 April 2005 whl¢h 18 Teferred to In the extant regulations but has been wllhdrawn. l understand that thls has been done in order for the accounts to provlde a true and falr view In accordanc• wlth th8 Generally Accepted Accountin9 Pracllc8 effedlve for reporting periods beginning on or after 1 January 2015. I have completed my exarnlnatlon. I conflm that no matter8 have come lo my attentlon In connectlon wlth the examSnation glving me cau60 to boliove that in any material r88pect.' ac¢ounlng records were not kept in respoct of the Charity a8 requlred by 50Gbon 130 of the 2011 Act,. or the accounts do not acwrd with thosa records., or the accounts do not comply with the applicable requlrements wnceming the form and content of accounts set out in the Gharfties (Accounts and Reports) R¢gulatson$ 2008 other than any requirement that the accounts give a Irue and falr, vi8w whiGh Is not 8 m8tt8r consldered as part of an independont examination. I have no conc8m$ and hav8 Gome across no other m8tters In connection wlth th& examinallon lo whlch 8ttentlon Should be drawn In this report in order to enable a propèr und8r8tandlng of the accounts to be rea¢had. Pagg 6
DrKusiBn En¥dtw8 ITr. aFe33589o4F446z4OOD6F4Og2EF4O THE ATD FOURTH WORLD TRUST INDEPENDENT EXAWIINER'S REPORT ICONTINUEDI FOR THE YEPR ENDED 31 DECEMBER 2024 Thls report is made so18ty to the Chadtys Trustees. as a body, in accordan ts1h Part 4 of the Charltles (Accounts and Reports) Regulatlons 2008. My work has been undertaken so that I mlght state to the Charitys Trustaos those matters l am required to stale to them in an ind8pandent examinerfs report and for no other purpose. To the fullast extent permitted bylaw, I do not accept or assume r88ponsibility to anyone other than the Chartty and the Charilvs Trustees a8 8 body, for my work or for thls report. Slgned.. Dated: C>Lt Jc7 12pir Jeremy Tyrro11 40 Gracechurch Street London EC3V OBT Pago 7
DoGu8iun En¥ekJp8 ID.. 0F83358ED4F44B2(xj[YC66F4Qg2EF4o THE ATD FOURTH WORLD TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrfcted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Note Incom• from: Donations and legari88 Charitsble activlties 57.526 132.563 57.526 132,583 141,450 145,714 Total Incom• 190,089 190.089 287,164 Exp•ndlturn on: Charltable activities 179.963 12,633 192,596 234,049 Tot•1 •xp•ndltur• 179.963 12.633 192,596 234,049 N•t Incom•ll•xpBndltur•) Transfers belwe6n lunds 10,126 {12,633) (12.633) 12,633 (2.507) 53,115 13 N•t fflov•m•nt In fund• (2,507) {2,507) 53,115 R•con¢lll•llon of fund•: Tot81 funds brought forward Nat movement In fvnd8 269.728 {2.507) 611 270.337 (2,507) 217,222 53,115 Tolal fund• c•nl•d forward 267,219 611 267,830 270.337 The Statement of financlal actlvltle8 Indude$ all galns and losses recognlsed In the yoar. Tho notes on pag88 10 to 23 forn part of these financial statem8nt•. PagB 8
Docusign Enjpa ITr. OF)482c86F4092EF4O THE ATD FOURTH WORLD TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flx•d aM•t Tangibl8 8SS8ts 10 49.000 49,000 49.000 49,000 Curr•nt u•et• 08btors Cash at bank And In hand 11 52,175 171,003 38,550 185,217 223,178 223.767 Credltorg: amount8 falllng duo thIn one year 12 {4,348) {2,4301 N•t eurnnt ••••l• 218,830 221,337 Tot1 n•t •*••ts 267,830 270,337 Charlty fund• R8stricted funds Unrestricted fund8 13 13 811 267,219 611 269,726 Total lund¥ 287,830 270.337 The flnand8181atements wer8 approved and 8Uthorlsed for18sue by the Trustees and 8lgned on Ihelr behalf by: i¥ D•nl• Trustee Date: 17 June 2025 The noto9 M Pages 10 to 23 form part of these financlal stslements. Pag8 9
Docusvjn En*l(w ItF. OF&W89ED4F4482-WDLkC66F4092EF40 THE ATD FOURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Genoral information The ATD Fourth Worfd Trus115 a charitable trust registered in England and Wales. Its principal place of buslness is 48 Addlngton Square, London SE5 7LB. The prindpal 8ctivlty of the trust continuod to be that of tsckling in8quallty and promoung soclal lustlce. Accounting pcllcS88 2.1 Basis of re arat6on of financial statements The flnanclal slalemenls have been prepared In 8ccordan¢e wllh the Cha08 SORP IFRS 1021 A¢¢ounling and Reporting by Charlties.. Slalemenl of Recommended Practice applicable to charities preparing theor accounts In accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102) (effective l January 20151, the Financial Raportlng Standard applicable In the UK and Republic ol Ir818nd {FRS 102) and the Charllles Act 2011. The financlal statements havo bgen prepared to give a 'true and falrf vlew and hav6 departed from the Chari118s {AcGounts and Raports) Repulallons 2008 only lo the extent required lo provlde a 'true and fairf view. This departuro has inVoed followlng the Ch£rlUes SORP IFRS 102) published on 16 July 2014 rather than the Accountlng and Reporting by Charities.. Statefflenl of Recommended PractlGe effectiv8 from 1 Apdl 2005 which has since been wllhdrawn. The ATD Fourth Wortd Trust Meets th8 definiknon of a publlc benefit ent under FRS 102. A88e18 and Ilabllltles are InallY recognlsed at hlstorical cost or tran8a¢tlon value unless otheThvise stated In the relevant accounting pcAIcy. The tru8lee$ conslder that Ihare 8re no matarfal uncertalntles about the trust's ablllty lo continue as a going concem. Therg aro no signlficant areas of 8dlu8tments or kay assumploons that affect item$ In the accounts. With respect to the next reportlng perlod, ending on 31 December 2024, the most slgnificant area ol uncertalnty that affect the carrying value of a88els held by the trust is the ability lo contlnue to raise donations. Wlth the exc8ptlon of Branedam House, whlch has been retumad to the charfty. the properties shown in tho accounts are provlded to another charlty rent-free for as long as they continue. In th8 vl8w of Ihe truste. to be used for purpo8e8 LI51$1t with the trust's obl8ctive5. I Income is recognised once Ihg Charity has entillement lo the Income, It L8 probable that the income wll be recelved and the amount of inrne receiv8ble can be measured reliably. Pe99 10
DO8 Enve9 ID.. oF3E[mF44624w6SF4o¥2EF4O THE ATD FOURTH WORLD TRUST NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2024 Accounting polkles l¢ontinuedl 2.4 Ex 8n Expenditure is recognised once there 18 a legal or constructive obligation to transfer economlc benefit to a Ihlrd paty, 1118 probabl& that a transfer of economic benefits will b& required in setU8ment and th8 amount of the obligation ran be measured reliably. Expenditure Is classified by a¢tivty. The cosls of 8ach actlvity are made up of tho total of direct costs and shared costs, indudlng support costs involved In undertaking each activlty. Direct C051s attributable to a 81ngle aclivty are allocated dlrectly to that activity. Shared costs whlch contribute to more than one activity and support costs which are not attrSbutable to 8 slngle actlvity 8re 8PPQrtloned be•en those actlvltle8 on a ba$ls consl¥tent with the use of regource8. Central staff costs are allocated on the basis of b'me spent, and depredallon ¢harg68 allocated on the portlon of th8 asset's use. Expondlture on ch8rltable a¢tlvities 18 Incurred on dlrgcUy undert8klng the acllvltlos whlch further tho Charlvs objective8, as 11 88 any assoGiatad 8UPPOrt GO8ts. l expendrturels InclusSve of irrecoverable VAT. The Charity 1$ consldered to P888 the test5 sot out In Paragraph 1 Schedulo 6 of tho Flnance Act 2010 and therefor8 k meets the definltion of B charitable company for UK corporation lax purposes. A¢cordingly, the Charfty is potantl8lly exempt from taxation in respect of income or ¢apltal gains r8c8lved wllhln categorfes covered by Chapter 3 Part 11 of the Corporallon Tax Act 2010 or S8Ctlon 2S6 of the Taxation of Chargeable Gains Act 1992, to the extont that such Inme or galns are applied exclusiv81y to charitable purpo888. flx The only langlble fixed 85sets held by the trust are freehold propertbes. They were Initially recognised al cost. No depreciallon Is provkled on freehold buildings since In the opinion of the trustees the potentl81 depreclation charg8 and accumulated d8precIaOn on cost are immaterial in relatlon to the market value of the properties. Tr8d8 and olh8r debtors are recognlsed at th8 settlement amount after any trade dlscovnt offered. Prepayments are valued at the amount prep8id nel of any trade discounts due. 2.8 C sh at bank and in hand Cash at bank and in hand indudes cash and short-term hlghly liquid investments w5th short malurity of three months or18ss from the date of a¢qulsllion or openlng of tho deposlt or similar account. Page11
DoDJsvJn En¥drpe10.. OF358&E04F4482JDDC66F40dEF4O THE ATD FOURTH WORLD TRUST MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢Ses Icontinu8dl Liabilities and visions Liabilttles are recognlsed when there18 an obligation al the balance sheet date as a result of 8 past evant, 11 Is probable that a transfer of 8Gonomic beneflt will be requlred in setuement, and the amount of the 88tt1emont can be 05timated reliably. Liabiliknes aro recognised at the amount that th8 Charity 8nllcipal8S It wlll pay to settle the d8bl or the amount il has received as advanced payments for the goods or servlces11 must provide. Provision8 ara measured at the best estimote of the amounts requirsd lo setdo tho obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amount8, discounted at the pre-tax dlscounl rate that raflects the r15ks spaciflc to tho 1Sablllty. Th8 unwlnding of the di6count Is recognlsed In the ststement of flnancial acllvltle8 a8 a finance cost. 2.10Fln Iruments The Charfty onty has Iln8nclaS 88se15 and financlal Ilabllwes of a nd that quallfy as b881c flnancial Instruments. Ba8lc flnancial Instruments arg initially rg¢ognised at transaction value and subsequently measured at IhelT settlement v8lug wmth the oxceptlon of bank loans whlch are 8ub88quenWy m8asured 81 amort18ed uslng the effecuva Inl&rest meth¢xl. 1Cas lemenl The flnanclal sla18ments do not include a cash flow statement because the tharity. as small reportlng entlty. 1$ exempl from thé requiremanls to prepare such a stalern8nt. .12P8 The Iru$l Is 8 Partlcipallng Employer In a money purchase schomo. Costs Incurred ar8 charged a8 paid. 2.13Fund General funds are unrestrlcted funds whlGh are ava118ble for use at the dl8crellon of the Trustees In lurtheranc8 of the general objeGb'v68 of the Chanty and which have not been designated for other purposes. Deslgnated fvnds comprise unrestrl¢ted funds that have been set aslde by the Trustee5 for partbcJJlar purposes. The aim and use of each designated fund is set out in th& notes to the financial statemants. RgstriGled funds are funds which a to be used in accordance with specific restrictions imposed by donors or whlth have been raised by the Charity for partrcular purposes. The costs of raising and administering such funds are tharged against the specffic fund. The alm and us8 of each restrlcted fund Is set out in the notes to the financial statements. P8ga 12
DL En¥•W ID". OF8335BfvED4F44624C(ID-C66F4092EF40 THE ATD FOURTH WORLD TRUST MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Crltlcal accounting estimates and areas of Judgment Estimates and ludgments are contlnually avaluated and are based on historical experience and other factors. Including expectations of future ev8n15 that are bgliev8d to bè reasonable under the circumstances. Critical 8ccounllng asrnatO5 and assumptions.. The Charity makes estlmates and assumptlon8 concernlng the future. The resulting accounting estimates and assumptions wll, by definition, Seldom equal the related actual r8suIts. However. the trust88s are of the oplnlon that there are no estSmales and assumptions that have a slgn5ficant rfsk of causing a material adjus(ment to tho carrylng arnounts of a88ets and liabllitie8 vAthin the naxt financial year. Incom from donatlorb$ and legacies regtrfcted Restrlcted funds fiJnd8 2024 2024 Total funds 2024 D¢)notlons- ATD Foundatlon 57,526 57,526 re8tr1Gted Re8tri¢t•d funds fvnds 2023 2023 Total funds 2023 Donatlong - ATD Foundatlon 117,450 24.000 141,450 Pagg 13
DoVan Env8ty¥8 ID: OF3S8&ED4F4482-)[6F4Q92F4O THE ATD FOURTH YIORLD TRUST MOTES TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024 Incom8 from charltsble activltles restrict6d funds 2024 Total fund3 2024 Fees for Activiknes 132,563 132,563 Un- re$trlct8d fund5 2023 Total funds 2023 Fees for ActlvWoS 145.714 145,714 Incomo from charltablo a¢tlvilies repro$enls fees r8celved from a880clated charitlos ATD Fourth Wodd Llmlt6d and assoGiat6d enUtle8 for the prO810n of Staff In exchange for admlni6lralive a55islance. Page 14
DOuJsn Env•knpe ID.. OF833sBEDIF4482_BDo[c66F4O52EF4O THE ATD F(IURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEAI8ER 2024 Analysis of expendhur8 on charitable advities Summa restricted R8strict8d funds funds 2024 2024 Total 2024 Staff costs W8llbeing Fr8elancersl Subcontractors Propety malnt8nance and rnpair8 Cedar Hous8 Improvement Support Costs 158,633 158.833 5,379 9.231 5,379 9.231 12.633 8.720 12,633 8.720 179,963 12,633 192.596 Un- re81rl¢ted R881rlcted fund8 fund8 2023 2023 Totsl 2023 Stsff c0818 Wellbelng Frn818n¢ar81 Subcontr8Gtor8 PfOP8ty malntenance and repalr8 Cedar House Improvement Support Costs 185,528 185,528 2,090 1.299 1.299 38,327 6,805 38,327 8.805 195,722 38,327 234,049 Pag8 15
DOwiTh Envelope ITr. OF8335ED4F44a2.B0OaOF40LEF4O THE ATD FOURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 DECEMBER 2024 Analysis of expendlturg by activitlos Provision of core worker Personnel 2024 Property manag menl 2024 Support costs 2024 Totsl funds 2024 Wag8s, salaries and pensions Wallbelng Freelancorsl Subcontractors Property maintenance and repalrs Cedar House Improvements Support ¢08t8 158,633 158,833 5.379 5.379 9.231 12.633 6,720 9,231 12,633 6.720 164,012 21.864 6,720 192,596 Provl8lon of Property core worker managa- pernonnel ment 2023 2023 Support costs 2023 Tot81 funds 2023 Woge6, 88larles and ponslon8 Wellbeing Freelanc8rsl Subcontractor8 Prop8rty malntonance and repalr8 Cedar House Improvements Support )sts 185,528 2,090 185,528 2.090 1,299 38,327 1,299 38,327 6.805 6.805 187,618 39,626 6,805 234,049 Pag8 16
Dow5vw Envoko• ID: OF83358&ED4F4482-BfrKyco6F4092EF40 THE ATD FOURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Analysls of expenditure by acllvltles (conunued) Analysls of support costs Total lunds 2024 A¢tivitles 2024 Independent Examlnatson Accountancy Bank Charges In8urBnce 1.800 100 2,372 2,448 1,800 100 2.372 2,448 8,720 6,720 Totsl funds 2023 AcllvlUe$ 2023 Indepèndont Examlnatlon Accountancy 8ank Charges In8uran¢e 1,638 1,638 100 2.356 2,711 2,356 2,711 6,805 6,805 Page 17
Dwjswn Envak)pi ID". (F&1&s8E04F4482-BIyjw6F4092EF0 THE ATD FOURTH WQRLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 staff costs 2024 2023 Wages and salaries Social $e¢unty costs Contrlbution lo deflned contrlbullon pension stheThs 126.681 1,746 30,206 148.888 4,031 32,609 158,633 185.528 The average number of por8on8 employod by the Charity durfng th8 yoar was 88 follows: 2024 2023 No. Employee8 10 No employee r8cefved remunoratlon amountlng to more than £60,000 in either yaar. Kéy managment the tru6ts88. who receive no ramuneratlon, Tru8tees' remunorabon and expens8$ Durlng the year. no Tru8teeB recalved any remuneratlon or oth¢r beneflts {2023 - £NIL>. Durlng the yoar 8nded 31 Doc•mber 2024, no Trustee expense8 have been Incurred12023 - £ NIL). Pag8 18
DrKu•iw ID.. OF833sBE04F44a2.p0OCfj6F4O92EF4O THE ATD FOURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024 10. Tangible fixed as$ets Fre8hold pmperty Cost Al 1 January 2024 49,000 At 31 December 2024 49,000 ookv At 31 December 2024 49,000 At 31 December 2023 49,iJOO In accordanca wlth the SORP, th8 trustees have revlowed the market value of the propertles and conslder these to be rnatarlally In excess of the value shown in the accounts. The trustees have not Gommlssioned a ValUan of the freehold land and buildlngs since they do not conslder thi8 an approprfale use of resource8. The trustees conslder the bulldlngs lo have a value In the reglon of £12 mllllon. The Iru8te85 con91der It appropriate not to depreclate the propertles as there Is not Collsidored to be any dlmlnution In value. 11. Debtors 2024 2023 wlthin one Debtors Prepaymenlg and accrued Income ear 32.175 20,OCN) 38,550 52,175 38,550 12. Creditors.. Amounts falling due within one year 2024 2023 Accruals and deferred Ino)me other creditors 1,800 2.548 1,770 4.348 2,430 P8go 19
Degn Envekw ID.. OF8335BD4F-44B2-QofC68F4O92EF4o THE ATD FOURTH WORLO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds statement of fund8 - current year Balance at 31 Transfers December Inl(outl 2024 Balance at 1 January 2024 Income Expendlture unrestrict fvnds Employee Benefft8 Fund Building Fund Cedar House - Deslgnated Fund 50,000 79,398 15,379) (7,5191 5.379 50,000 71,879 20,000 20,000 129,398 20,000 {12,898) 5,379 141,879 General nd8 Gonaral Funds - all funds 140,328 170,089 (167,0651 118,012) 125,340 strlcted funds 269,726 190,089 1179,9631 (12,833) 267,219 R05triGt8d fund Vl8ts Aegro Cedar Hou8e Improvements 611 611 112,6331 12.633 611 (12,6331 12,633 611 I f funds 270,337 190,089 1192.596) 267,830 Page 20
Dow*ign En¥drye ID.. DF83353ED4F-4424ooEC86F4OB2EF4O THE ATD FOURTH WORLD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds (continued) Employetr Bonofits D8Blgnated Fund This fund 18 maintalned lo provlde for th8 SUPPOrt of coré workers. It has been ug8d to cover speLial contrlbub'on5 needed to maintaln future pensions and Is Éo be used in fvture for other 8uth unexpected needs, Deslgnatgd Bulldlng Fund This fund represents moni8s eannarked for the malntenance and Improvement of the charity'8 propertle$ and is lo be used as and when needed for this purposo. D19n81•d C•dar Hous• Fund This fund represents monies earmarked for the maintenance arKI improvement of Cedar House in particular. Vl•ta Alogro Roslrlcted Fund In 2015. tho Trust raised £6.403 In donatsons from privale individuals In the UK toward8 the cost of a project In Peru whlch 81ms lo support an Impoveri8hèd local community In the provislon of a building in whlch ATD Cuarto Munde, an a86OCi8t6 of tho Trusl, provides strèat librarl88 for the Inhabltants. During 2017, the Trust remltted to th8 Vista Alegre communlty £5,792. The balance of £611 Is held by the Trust unlll roquested by ATD Cuarto Munde. C•dar Hou•• Improv•m•nt Ra•trlct•d Fund Cedar Hous8 18 part of the Frlmhursl Famlly Home facllity. It Wa3 decided that 8 compl8te rebulld of an old building would b8 major enhanGem¢nt ts the facilities and ¥eJvlces sKovlded by the Trust. P8gg 21
Dowsban Envew ID.. UF356D4F44B2-Bjw66F4O¥2EF4o THE ATD FOURTH WORLD TRUST NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 DecEMBER 2024 13. Statemant of funds (eontlnued) Statemant of funds - prSor year Balance at 31 Tran8f8rs D6Mber inlout 2023 Balance at 1 January 2023 Income Expenditure Unrestrl¢ted funds Dasi naled fund Employee Beneffts Fund Building Fund Cedar House - Deslgnated Fund 50,000 (2.090} (1.299) 2,090 45,697 50.000 79,398 35.000 50,000 35,000 13,3891 47.787 129,398 Gen8ral fundy General Fund 152,866 228,164 1192,333) 148,3e91 140,328 nre8 202,866 283,164 (195,7221 {582) 269.726 cted f nd Vlsta Alegre Cedar House Improvements 611 13.745 611 24.OCrfJ {38,3271 582 14.356 24.000 (38,3271 582 611 Total f f 217,222 287,164 1234.049) 270,337 Pag8 22
DO¢n Envelcpo ID: OF8333BD4F4452]D-c8fjF40W2EF4o THE ATD FOURTH WORLD TRUST NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEMBER 2024 14. Analysis of net assets betsveen funds Analy$ls of net assets between fvnd$- current period r8stricted Restricted funds funds 2024 2024 Total funds 2024 Tanglble fixed 88s6ts Current a888ts Credltors due thIn on8 year 49.000 222,567 {4,348) 49,000 223,178 14,348) 611 267,219 811 267,830 Analysis of net a88et8 btheèn funds- prfor period restrlcted Re8trlcted fun¢Jg fund8 2023 2023 Total fund8 2023 Tangible fixed a$88t8 Current 8$88t8 Creditors due wllhin one year 49,000 223,156 (2,430) 49,000 223,767 (2.430) 611 269,726 811 270,337 15. Pen8lon8 During the year, the trust pald penslons conlrlbutlons Into a defined conlributlon p8n8ion schemo arnunllng to £30.206 (2023: £32.609). Pen81on ntrIbutiOnS are charged to the SOFA when paid. 16. Related party transadlons Durlng the ygar, ther8 were no transactlon$ th relatad p8rt1es12023'. None>. Page 23