**REGISTERED CHARITY NUMBER: 283102**
## **Report of the Trustees and**
**Financial Statements for the Year Ended 5 April 2023**
## **for**
**The William Allen Young Charitable Trust**
**The William Allen Young Charitable Trust**
## **Contents of the Financial Statements for the Year Ended 5 April 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Report of the Independent Auditors**|5 to 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Cash Flow Statement**|11|
|**Notes to the Financial Statements**|12 to 19|
|**Detailed Statement of Financial Activities**|20|
**The William Allen Young Charitable Trust**
## **Report of the Trustees for the Year Ended 5 April 2023**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objectives and activities**
## **Objectives and aims**
The objectives of the charity, and the main activities undertaken to further the charity's purposes for the public benefit, are to make grants for such charitable purposes and to such charitable bodies, associations or institutions, as the trustees shall from time to time, in their absolute discretion, determine.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities.
## **Achievement and performance**
## **Charitable activities**
The charity made donations amounting to £383,450 during the year, compared to £148,393 for the year ended 5 April 2022. The trustees consider that the charity has met its objectives in the year.
## **Fundraising activities**
The charity does not carry out any fundraising activities.
## **Investment performance**
Capital decline of investments over the period was 24%. The same investments paid dividends equating to 1.88% (as measured at 5 April 2023).
## **Financial review**
## **Financial position**
It is the view of the trustees that the charity is in a sound financial position.
## **Investment policy and objectives**
The trustees aim for long term growth, using the income received for charitable donations.
## **Reserves policy**
The charity had £36,047,915 in unrestricted reserves at 5 April 2023. The trustees only use the dividend and interest income received for charitable donations.
## **Future plans**
The Trustees continue their policy of attempting to spread donations as widely as possible and to maximise their donations to humanitarian causes.
The trustees aim to support those organisations they have supported in the past on an ongoing basis although one-off donations are also considered.
## **Structure, governance and management**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
**The William Allen Young Charitable Trust**
## **Report of the Trustees for the Year Ended 5 April 2023**
## **Structure, governance and management**
## **Recruitment and appointment of new trustees**
Trustees are elected to the post by the other trustees having been selected from suitable candidates to ensure that the board of trustees contains an appropriate balance of expertise.
## **Organisational structure**
The charity is controlled by three trustees. Administration is provided by external resource and is not currently charged for.
## **Decision making**
The trustees met on various occasions during the year to consider applications for donations and approved those on Note 4 of the Notes to the Financial Statements.
## **Induction and training of new trustees**
Where appropriate, trustees undergo an initial induction and thereafter attend training courses as appropriate to enable them to continue to carry out their duties effectively.
## **Risk management**
Major risks have been reviewed and procedures have been established to manage those risks.
## **Reference and administrative details**
## **Registered Charity number**
283102
## **Principal address**
Young & Co's Brewery plc Copper House 5 Garratt Lane Wandsworth London SW18 4AQ
## **Trustees**
T C Sligo-Young J G A Young C A Chelton
## **Auditors**
David Macdonald B.A. F.C.A (Senior Statutory Audit or) For and on behalf of Martlet Audit Limited Martlet House, E1, Yeoman Gate, Yeoman Way Worthing West Sussex BN13 3QZ
Page 2
**The William Allen Young Charitable Trust**
## **Report of the Trustees for the Year Ended 5 April 2023**
## **Reference and administrative details Solicitors**
Hunters Solicitors 9 New Square Lincoln's Inn London WC2A 3QN
## **Bankers**
National Westminster Bank plc 250 Wimbledon Park Road London SW19 6NL
## **Accountants**
Wilson Sandford Limited Chartered Accountants 85 Church Road Hove East Sussex BN3 2BB
## **Auditors**
The Martlet Partnership LLP Martlet House E1 Yeoman Gate Yeoman Way Worthing West Sussex BN13 3QZ
Page 3
**The William Allen Young Charitable Trust**
## **Report of the Trustees for the Year Ended 5 April 2023**
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed require 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 those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable 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 which disclose with reasonable accuracy at any time the financial position of the charity and to 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.
Approved by order of the board of trustees on 5 February 2024 and signed on its behalf by:
T C Sligo-Young - Trustee
Page 4
**Report of the Independent Auditors to the Trustees of The William Allen Young Charitable Trust**
## **Opinion**
We have audited the financial statements of The William Allen Young Charitable Trust (the 'charity') for the year ended 5 April 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (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 5 April 2023 and of its incoming resources and application of resources, 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 Auditors' 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.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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.
Page 5
**Report of the Independent Auditors to the Trustees of The William Allen Young Charitable Trust**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; 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 Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.
Page 6
**Report of the Independent Auditors to the Trustees of The William Allen Young Charitable Trust**
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors 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 are set out below.
## **Capability of the audit in detecting irregularities**
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
- Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the charity operates in. - We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Page 7
**Report of the Independent Auditors to the Trustees of The William Allen Young Charitable Trust**
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 Report of the Independent Auditors.
## **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 auditors' 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.
David Macdonald B.A. F.C.A (Senior Statutory Audit or) For and on behalf of Martlet Audit Limited Martlet House, E1, Yeoman Gate, Yeoman Way Worthing West Sussex BN13 3QZ
25 January 2024
Martlet Audit Limited is eligible to act as auditor in terms of section 1212 of the Companies Act 2006
Page 8
**The William Allen Young Charitable Trust**
## **Statement of Financial Activities for the Year Ended 5 April 2023**
|**Notes**
**Income and endowments from**
Investment income
3
**Expenditure on**
**Charitable activities**
4
Charitable donations
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**2023**
**2022**
**Unrestricted**
**Total**
**fund**
**funds**
**£**
**£**
**672,440**
278,986
**383,450**
148,393
**6,619**
6,424
**390,069**
154,817
**(11,483,733)**
929,891
**(11,201,362)**
1,054,060
**47,249,277**
46,195,217
**36,047,915**
47,249,277|
|---|---|
The notes form part of these financial statements
Page 9
**The William Allen Young Charitable Trust**
## **Balance Sheet 5 April 2023**
|**Notes**
**Fixed assets**
Investments
10
**Current assets**
Cash at bank
**Creditors**
Amounts falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**NET ASSETS**
**Funds**
Unrestricted funds
**Total funds**|**2023**
**2022**
**Unrestricted**
**Total**
**fund**
**funds**
**£**
**£**
**35,538,184**
47,021,917
**516,375**
233,674
**(6,644)**
(6,314)
**509,731**
227,360
**36,047,915**
47,249,277
**36,047,915**
47,249,277
**36,047,915**
47,249,277
**36,047,915**
47,249,277|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 February 2024 and were signed on its behalf by:
T C Sligo-Young - Trustee
The notes form part of these financial statements
Page 10
**The William Allen Young Charitable Trust**
## **Cash Flow Statement for the Year Ended 5 April 2023**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
13
Tax paid
Net cash used in operating activities
**Cash flows from investing activities**
Interest received
Dividends received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2023**
**£**
**(389,739)**
**-**
**(389,739)**
**2,917**
**669,523**
**672,440**
**282,701**
**233,674**
**516,375**|**2022**
**£**
(151,463)
165
(151,298)
18
278,968
278,986
127,688
105,986
233,674|
|---|---|---|
The notes form part of these financial statements
Page 11
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023**
## **1. Statutory information**
The William Allen Young Charitable Trust is an unincorporated charitable trust. It is governed by a deed of trust and registered in England and Wales. The charity's registered number, principal address and the nature of its activities can be found in the Report of the Trustees.
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).
## **2. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 issued in October 2019, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The trustees expect there to be sufficient funds to meet all committed costs, despite any reduction in income as a result of the coronavirus pandemic.
## **Critical accounting judgements and key sources of estimation uncertainty**
There are no critical accounting judgements and key sources of estimation uncertainty.
## **Income**
Dividend income is recognised in the Statement of Financial Activities on declaration of the dividend. Interest income is recognised in the period to which it relates.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure, including support costs, is accounted for on an accruals basis and is classified under charitable donations.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 12
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **2. Accounting policies - continued**
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
## **3. Investment income**
|Dividend income
Deposit account interest|**2023**
**£**
**669,523**
**2,917**
**672,440**|**2022**
**£**
278,968
18
278,986|
|---|---|---|
continued...
Page 13
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **4. Charitable activities costs**
||**2023**|2022|
|---|---|---|
||**totals**|totals|
|2Boats Events|**40,000**|-|
|Action Medical Research|**2,000**|2,000|
|AFC Wimbledon Foundation|**1,500**|-|
|Alternatives to Violence Project|**2,000**|-|
|Alzheimers Research UK|**2,000**|-|
|Alzheimer's Society|**2,500**|-|
|Ambitious about Autism|**1,500**|-|
|Anti-Slavery International|**20,000**|-|
|Armonico Consort|**1,500**|-|
|Arundel Castle Cricket Foundation|**1,000**|-|
|Back Up Trust|**5,000**|-|
|Battersea Arts Centre|**1,000**|-|
|Battersea Crime Prevention Panel|**500**|-|
|Battersea Dogs & Cats Home|**1,500**|500|
|Battersea Summer Scheme|**250**|-|
|Blind Veterans UK|**2,000**|-|
|Bookham Community Association|**1,000**|-|
|BRACE|**2,000**|-|
|Brewers' Company General Charitable Trust|**1,000**|-|
|Brain Research UK|-|10,000|
|British Benevolent Fund|**20,000**|-|
|British Forces Foundation|**5,000**|-|
|British Heart Foundation|**2,000**|-|
|Buttle UK|-|2,000|
|Campaign Against Living Miserably (CALM)|**1,500**|-|
|Cardiac Risk in the Young|**3,000**|-|
|Care for Veterans|**6,000**|-|
|Carers First|**3,000**|-|
|Cherry Trees|**1,212**|-|
|Childhood Trust|**1,500**|-|
|City Escape|**1,000**|-|
|COSMIC|**1,500**|-|
|Crisis UK|-|10,000|
|Crohn's & Colitis UK|**2,000**|-|
|Dame Vera Lynn Children's Charity|**2,000**|-|
|Dash Charity|**1,000**|-|
|DEC Earthquake Appeal (Syria and Turkey)|**30,000**||
|DEC Ukraine Appeal|-|50,000|
|Dementia Carers Count (DCC)|**3,000**||
|Deptford Action Group for the Elderly (DAGE)|**1,000**||
|Designability|**1,000**||
|Disabled Sailors Association|**1,000**||
|Doctors of the World UK|**1,500**||
|Douglas Bader Foundation|**2,000**||
continued...
Page 14
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **4. Charitable activities costs - continued**
|Earlsfield Primary School PTA|**1,000**||
|---|---|---|
|Everyone Can|**1,500**||
|Farm Street Church|-|5,000|
|Felix Project|**5,000**||
|Fight for Sight|-|5,000|
|Fletching Parochial Church Council|**5,000**||
|Friends of Holy Cross Hospital|**795**||
|Friends of the Elderly|**3,000**||
|Friends of Ronald Ross Primay School|-|250|
|Friends of West Wimbledon Primary School|**500**||
|Garwood Foundation|-|1,000|
|Glass Door|**1,000**||
|GLL|-|(1,181)|
|Grove Adventure Playground|**2,000**||
|Guts UK|**2,000**||
|Hands on London|**220**||
|Hospice UK|**5,000**||
|Inspirations|**1,500**||
|Key 4 Life|**5,000**||
|Livingstone Tanzania Trust|-|5,000|
|London Harness Horse Parade Society|**5,000**||
|London Hearts|**1,500**|2,000|
|Mary Hare Foundation|**1,600**||
|MIND|**2,000**|500|
|Missing People|-|2,000|
|Moorfields Eye Charity|**6,000**||
|Motor Neurone Disease Association|**2,000**||
|Muscular Dystrophy UK|**5,000**||
|Noah's Ark Children's Hospice|**1,500**||
|Only Connect|**2,000**||
|Osteopathic Centre for Children|**1,000**||
|Parkinson's UK|**5,000**||
|Paul's Cancer Support Centre|**2,000**|2,000|
|Pawsome Pensions|**1,500**||
|Pelvic Radiation Disease Association|**2,000**||
|Place2Be|**1,000**||
|Plumstead Common Bowls Club|**250**||
|Prisoners Abroad|**2,500**||
|Prisoners' Advice Service|**2,000**||
|Prostate Cancer UK|**6,000**||
|Providence Row|**2,000**||
|Queen Elizabeth's Foundation for Disabled People|**1,000**||
|Queen Elizabeth's foundation for disabled people|||
|(QEF)|**1,000**||
|RCAS Sacred Heart Wimbledon Organ ConcertFund|**1,000**||
|Royal Hospital for Neuro-disability|**5,000**||
continued...
Page 15
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **4. Charitable activities costs - continued**
|Royal Marines Charity
Royal Marsden Cancer Charity
Royal Marsden NHS Foundation Trust
Royal National Lifeboat Institution (RNLI)
Royal National Orthopaedic Hospital NHS Trust
Royal Star & Garter Homes
Royal Trinity Hospice
Scrubditch Care Farm
Sebastian's Action Trust
Second Chance
Shelter
Sick Children's Trust
Side by Side
Smallwood Primary School PTA
Something to look forward to
SSAFA
St Anne's C.E. School
St George's Hospital Charity
St John's Hospice
St Joseph's Hospice
St Michael's Fellowship
St Peter Ad Vincula
St Wilfrid's Hospice
Starlight Children's Foundation
Stroke Association
Students and Refugees Together (START)
Suzy Lamplugh Trust
Sydenham Garden
Tall Ships Youth Trust
Target Ovarian Cancer
Team Margot Foundation
The Mulberry Centre
The Portsmouth Grammar School
Together for Short Lives
Tony Hudgell Foundation
Walking with the Wounded
Wandsworth Borough Football Club
Wandsworth Community Transport
West Sussex Minibus (Wisborough Green Division)
World Heart Beat Music Academy
YMCA East Surrey
Young Lives vs Cancer
Young Women's Trust|**1,500**
**5,000**
**1,500**
**1,500**
**2,000**
**4,000**
**5,000**
**233**
**2,000**
**2,000**
-
**1,000**
**5,000**
**250**
**3,000**
**2,000**
**500**
**2,000**
**4,000**
**2,000**
**2,000**
**2,000**
-
**5,000**
**5,000**
**2,000**
**1,000**
**1,000**
-
**5,000**
**1,500**
**2,000**
**18,140**
**1,000**
-
**8,000**
**500**
**1,000**
**2,000**
**2,000**
**3,000**
**2,000**
**3,000**
**383,450**|2,000
20,000
2,000
5,000
3,000
17,323
1,000
2,000
148,393|
|---|---|---|
continued...
Page 16
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **5. Grants payable**
|**Grants payable**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Charitable donations|**383,450**|148,393|
The only activity of the charity was to make donations. All of the donations made during the year were to institutions. The analysis of total donations paid by nature is as follows:
|Medical
Community
Educational
Cultural
Human rights
Animal Welfare||||**2023**
**£**
**132,507**
**184,953**
**24,490**
**2,500**
**20,000**
**6,500**|**2023**
**£**
**132,507**
**184,953**
**24,490**
**2,500**
**20,000**
**6,500**||2022
£
27,000
64,750
22,323
1,820
-
500|2022
£
27,000
64,750
22,323
1,820
-
500|
|---|---|---|---|---|---|---|---|---|
|Alleviating poverty||||**12,500**|||**-**||
|||||**383,450**|||148,393
**Totals**
**£**
**6,619**||
||||||||||
|**Support costs**
Other resources expended|**Finance**
**£**
**25**|||**Governance**
**costs**
**£**
**6,594**|||||
|2022|||||||||
|Other resources expended|Finance
£
25|||Governance
costs
£
6,399|||Totals
£
6,424||
## **6. Support costs**
continued...
Page 17
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **7. Auditors' remuneration**
||**2023**|2022|
|---|---|---|
|Fees payable to the charity's auditors for the audit of the|||
|charity'sfinancial statements|**2,900**|2,750|
|Auditors' remuneration for non audit work|**0**|0|
## **8. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
## **9. Employees**
There were no staff in the current and previous year.
## **10. Fixed asset investments**
|**Market value**
At 6 April 2022
Revaluations
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022
There were no investment assets outside of the UK.
Cost or valuation at 5 April 2023 is represented by:
Valuation in 2023|**Listed**
**investments**
**£**
**47,021,917**
**(11,483,733)**
**35,538,184**
**35,538,184**
47,021,917
**Listed**
**investments**
**£**
**35,538,184**|
|---|---|
continued...
Page 18
**The William Allen Young Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2023**
## **11. Creditors: amounts falling due within one year**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Other creditors|**6,644**|6,314|
## **12. Related party disclosures**
During the year, The William Allen Young Charitable Trust had no related party transactions that require disclosure (2022 £nil).
## **13. Reconciliation of net (expenditure)/income to net cash flow from operating activities**
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Losses/(gain) on investments
Interest received
Dividends received
Increase in creditors|**2023**
**2022**
**£**
**£**
**(11,201,362)**
1,054,060
**11,483,733**
(929,891)
**(2,917)**
(18)
**(669,523)**
(278,968)
**330**
3,354|
|---|---|
|**Net cash used in operations**|**(389,739)**
(151,463)|
## **14. Analysis of changes in net funds**
|**Net cash**|**At 6/4/22**
**Cash flow**
**At 5/4/23**
**£**
**£**
**£**|
|---|---|
|Cash at bank|**233,674**
**282,701**
**516,375**|
||**233,674**
**282,701**
**516,375**|
|**Total**|**233,674**
**282,701**
**516,375**|
Page 19
**The William Allen Young Charitable Trust**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 5 April 2023**|||
||**2023**|**2022**|
||**£**|**£**|
|**Income and endowments**|||
|**Investment income**|||
|Dividend income|**669,523**|278,968|
|Deposit account interest|**2,917**|18|
||**672,440**|278,986|
|**Total incoming resources**|**672,440**|278,986|
|**Expenditure**|||
|**Charitable activities**|||
|Grants to institutions|**383,450**|148,393|
|**Support costs**|||
|**Finance**|||
|Bank charges|**25**|25|
|**Governance costs**|||
|Auditors' remuneration|**2,700**|2,750|
|Auditors' remuneration for non audit work|**3,894**|3,484|
|Sundries|**-**|165|
||**6,594**|6,399|
|Total resources expended|**390,069**|154,817|
|**Net income before gains and losses**|**282,371**|124,169|
|**Realised recognised gains and losses**|||
|Unrealised gains on fixed asset investments|**(11,483,733)**|929,891|
|**Net (expenditure)/income**|**(11,201,362)**|1,054,060|
||||
This page does not form part of the statutory financial statements
Page 20