REGISTERED CHARITY NUMBER: 283102
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2024
for
The William Allen Young Charitable Trust
The William Allen Young Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2024
| 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 21 |
| Detailed Statement of Financial Activities | 22 |
The William Allen Young Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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 £509,105 during the year, compared to £383,450 for the year ended 5 April 2023. 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 12.69%. The same investments paid dividends equating to 2.22% (as measured at 5 April 2024).
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 £31,719,180 in unrestricted reserves at 5 April 2024. 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 2024
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
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 2024
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
Events since the end of the year
Information relating to events since the end of the year is given in the notes to the financial statements.
Page 3
The William Allen Young Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
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;
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observe the methods and principles in the Charity SORP 2019 (FRS 102);
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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 ............................................. 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 2024 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 2024 and of its incoming resources and application of resources, for the year then ended;
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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:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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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:
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We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
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Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
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Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
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The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
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We inspected the minutes of meetings of those charged with governance.
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We obtained an understanding of the legal and regulatory framework that the charity operates in.
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We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
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We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
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We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
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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.
Martlet Audit Limited Martlet House, E1, Yeoman Gate, Yeoman Way Worthing West Sussex BN13 3QZ
Date: .............................................
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 2024
| 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 |
2024 2023 Unrestricted Total fund funds £ £ 697,947 672,440 509,105 383,450 6,718 6,619 515,823 390,069 (4,510,859) (11,483,733) (4,328,735) (11,201,362) 36,047,915 47,249,277 31,719,180 36,047,915 |
|---|---|
The notes form part of these financial statements
Page 9
The William Allen Young Charitable Trust
Balance Sheet 5 April 2024
| 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 |
2024 2023 Unrestricted Total fund funds £ £ 31,027,325 35,538,184 698,400 516,375 (6,545) (6,644) 691,855 509,731 31,719,180 36,047,915 31,719,180 36,047,915 31,719,180 36,047,915 31,719,180 36,047,915 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2024
| Notes Cash flows from operating activities Cash generated from operations 14 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 |
2024 £ (515,922) (515,922) 8,195 689,752 697,947 182,025 516,375 698,400 |
2023 £ (389,739) (389,739) 2,917 669,523 672,440 282,701 233,674 516,375 |
|---|---|---|
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 2024
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 2024
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 |
2024 £ 689,752 8,195 697,947 |
2023 £ 669,523 2,917 672,440 |
|---|---|---|
continued...
Page 13
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
4. Charitable activities costs
| 2023 | ||
|---|---|---|
| 2024 totals | totals | |
| 240Project | 2,000 | - |
| 2Boats Events | - | 40,000 |
| 4 Cancer | 2,000 | - |
| Action for M.E | 1,000 | - |
| Action Medical Research | - | 2,000 |
| Adult Literacy Trust | 2,000 | - |
| AFC Wimbledon Foundation | - | 1,500 |
| Age UK | 3,000 | - |
| Allfarthing Primary School PTA | 500 | - |
| Alternatives to Violence Project | 2,000 | 2,000 |
| Alzheimers Research UK | 2,000 | 2,000 |
| Alzheimer's Society | 2,500 | 2,500 |
| Ambitious About Autism | - | 1,500 |
| Annabelle's Challenge Vascular EDS Charity | 1,000 | - |
| Anti-Slavery International | - | 20,000 |
| Armonico Consort | - | 1,500 |
| Arundel Castle Cricket Foundation | 1,000 | 1,000 |
| Attend | 2,000 | - |
| Back Up Trust | 5,500 | 5,000 |
| Balham Nursery School and Children's Centre | 500 | - |
| Battersea Arts Centre | - | 1,000 |
| Battersea Crime Prevention Panel | - | 500 |
| Battersea Dogs & Cats Home | - | 1,500 |
| Battersea Summer Scheme | 500 | 250 |
| Be Kind Movement | 2,000 | - |
| Beyond Autism | 1,000 | - |
| Bipolar UK | 4,500 | - |
| Blind Veterans UK | 3,000 | 2,000 |
| Bookham Community Association | 1,000 | 1,000 |
| Bowel Cancer UK | 2,000 | - |
| BRACE | - | 2,000 |
| Brewers' Company General Charitable Trust | - | 1,000 |
| Brain Research UK | 10,000 | - |
| Brain & Spine Foundation | 2,500 | - |
| Brent Centre for Young People | 10,000 | - |
| British Benevolent Fund | 20,000 | 20,000 |
| British Epilepsy Association | 2,000 | - |
| British Forces Foundation | - | 5,000 |
| British Heart Foundation | 2,000 | 2,000 |
| Camden Psychotherapy Unit (CPU - London) | 1,000 | - |
| Campaign Against Living Miserably (CALM) | 2,500 | 1,500 |
| Cardiac Risk in the Young | 3,000 | 3,000 |
| Cardinal Hume Centre | 5,000 | - |
| Care for Veterans | 6,000 | 6,000 |
| Carers First | - | 3,000 |
| Carers UK | 2,000 | - |
| CARIS Families | 1,500 | - |
| Cherry Trees | - | 1,212 |
| Childhood Trust | - | 1,500 |
continued...
Page 14
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
4. Charitable activities costs - continued
| City Escape | 1,000 | 1,000 |
|---|---|---|
| Combat Stress | 5,000 | - |
| Community Housing and Therapy | 5,000 | - |
| Community Minibus Association (West Sussex) | 2,000 | - |
| Contact | 3,000 | - |
| COSMIC | (1,500) | 1,500 |
| Crisis UK | 10,000 | - |
| Crohn's & Colitis UK | 3,000 | 2,000 |
| Cystic Fibrosis Trust | 3,000 | - |
| Dame Vera Lynn Children's Charity | - | 2,000 |
| Dash Charity | - | 1,000 |
| DEC Earthquake Appeal (Syria and Turkey) | - | 30,000 |
| Deafblind UK | 1,000 | - |
| Dementia Carers Count (DCC) | 2,500 | 3,000 |
| Deptford Action Group for the Elderly (DAGE) | 1,500 | 1,000 |
| Designability Charity Limited | 1,000 | 1,000 |
| Disabled Sailors Association | 1,000 | 1,000 |
| Doctors of the World UK | - | 1,500 |
| Douglas Bader Foundation | 4,000 | 2,000 |
| Douglas Macmillian Hospice | 1,000 | - |
| Down's Syndrome Association | 1,500 | |
| Earlsfield Primary School PTA | - | 1,000 |
| Everyone Can | 1,500 | 1,500 |
| Farleigh Hospice | 2,000 | - |
| Fat Macy's Foundation | 1,000 | - |
| Felix Project | - | 5,000 |
| Fight for Sight | 5,000 | - |
| Fletching Parochial Church Council | - | 5,000 |
| Florence Nightingale Hospice Charity | 2,000 | - |
| 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 |
| Fulham Good Neighbours Service | 1,000 | - |
| Glass Door | 2,000 | 1,000 |
| Go Beyond | 2,000 | - |
| Goldfinch Primary School | 2,000 | - |
| Great Ormond Street Hospital Charity | 1,500 | - |
| Grief Encounter | 2,000 | - |
| Groundwork South | 2,500 | - |
| Grove Adventure Playground | - | 2,000 |
| Gurkha Welfare Trust | 5,000 | - |
| Guts UK | 1,000 | 2,000 |
| Halow Project | 30,000 | - |
| Hampshire Association for the Care of the Blind | 1,800 | - |
| Hands on London | - | 220 |
| Hearing Dogs for Deaf People | 1,500 | - |
| Helen Arkell Dyslexia Charity | 1,000 | - |
| Helen Bamber Foundation | 3,000 | - |
| Help for Heroes | 2,500 | - |
| Holy Cross Parish Church | 2,000 | - |
continued...
Page 15
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
4. Charitable activities costs - continued
| Hope for Tomorrow | 5,000 | - |
|---|---|---|
| Hope North London | 2,000 | - |
| Hospice UK | 5,000 | 5,000 |
| Independent Provider of Special Education Advice (IPSEA) | 2,000 | - |
| Inspirations | 1,500 | 1,500 |
| INSPIRE Foundation | 3,000 | - |
| InterAct Stroke Support | 1,000 | - |
| Jigsaw South East | 1,500 | - |
| Joseph Holt Charity Appeal | 1,000 | - |
| Key 4 Life | 1,500 | 5,000 |
| Kids n' Action | 250 | - |
| Lennox Children's Cancer Fund | 2,000 | - |
| Licensed Trade Charity | 8,000 | - |
| LinkAble | 2,500 | - |
| Livingstone Tanzania Trust | 5,000 | - |
| London Harness Horse Parade Society | 5,000 | 5,000 |
| London Hearts | 2,000 | 1,500 |
| Mary Hare Foundation | - | 1,600 |
| MIND | - | 2,000 |
| Moorfields Eye Charity | - | 6,000 |
| Motor Neurone Disease Association | 2,000 | 2,000 |
| Muscular Dystrophy UK | 5,000 | 5,000 |
| Music for my Mind | 1,000 | - |
| Music in Hospitals & Care | 1,500 | - |
| Noah's Ark Children's Hospice | - | 1,500 |
| Oakleaf | 500 | - |
| Only Connect | 3,000 | 2,000 |
| Osteopathic Centre for Children | 1,000 | 1,000 |
| Parkinson's UK | 5,000 | 5,000 |
| Paul's Cancer Support Centre | - | 2,000 |
| Pawsome Pensions | - | 1,500 |
| Pelvic Radiation Disease Association | - | 2,000 |
| Phoenix Enterprises (Swindon) Ltd | 2,000 | - |
| Place2Be | 1,000 | 1,000 |
| Plumstead Common Bowls Club | - | 250 |
| Prevent 2 Protect | 1,500 | - |
| Prevent Breast Cancer | 1,500 | - |
| Prisoners Abroad | - | 2,500 |
| Prisoners' Advice Service | 3,000 | 2,000 |
| Prostate Cancer Research | 2,000 | - |
| Prostate Cancer UK | 6,000 | 6,000 |
| Providence Row | 3,000 | 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 |
| Re-engage | 3,000 | - |
| Restore Counselling, Training & Relate Services | 2,500 | - |
| Ross PCC General Account | 5,000 | - |
| Rotary Club, Battersea Park | 2,000 | - |
| Royal Hospital Chelsea | 3,000 | - |
| Royal Hospital for Neuro-disability | 5,000 | 5,000 |
continued...
Page 16
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
4. Charitable activities costs - continued
| Royal Marines Charity | - | 1,500 |
|---|---|---|
| Royal Marsden Cancer Charity | - | 5,000 |
| Royal Marsden NHS Foundation Trust | - | 1,500 |
| Royal National Institute for Deaf People | 3,000 | - |
| Royal National Institute of Blind People | 2,000 | - |
| Royal National Lifeboat Institution (RNLI) | - | 1,500 |
| Royal National Orthopaedic Hospital NHS Trust | - | 2,000 |
| Royal Star & Garter Homes | 4,000 | 4,000 |
| Royal Trinity Hospice | 5,000 | 5,000 |
| Samaritans | 3,000 | - |
| SANE | 10,000 | - |
| Scope | 2,000 | - |
| Scrubditch Care Farm | - | 233 |
| Seafarers' Charity | 3,000 | - |
| Sebastian's Action Trust | 3,000 | 2,000 |
| Second Chance | - | 2,000 |
| SeeAbility | 2,000 | - |
| Sequal Trust | 2,000 | - |
| Shelter | 20,000 | - |
| Sick Children's Trust | 2,000 | 1,000 |
| Side by Side | - | 5,000 |
| Smallwood Primary School PTA | - | 250 |
| Something to look forward to | - | 3,000 |
| SSAFA | - | 2,000 |
| St Anne's C.E. School | 500 | 500 |
| St Catherine's Hospice | 2,000 | - |
| St George's Hospital Charity | - | 2,000 |
| St John Ambulance | 1,500 | - |
| St John's Hospice | 5,000 | 4,000 |
| St Joseph's Hospice | 2,000 | 2,000 |
| St Margaret's Somerset Hospice | 3,000 | - |
| St Mark's Hospital Foundation | 2,000 | - |
| St Michael's Fellowship | - | 2,000 |
| St Mungo's | 500 | - |
| St Peter Ad Vincula | - | 2,000 |
| St Peter & St James Hospice | 2,000 | - |
| St Wilfrid's Hospice | 4,000 | - |
| Starlight Children's Foundation | 5,000 | 5,000 |
| Step by Step | 2,000 | - |
| Street Child | 250 | - |
| Stroke Association | 5,000 | 5,000 |
| Strongbones Children's Charitable Trust | 2,000 | - |
| Students and Refugees Together (START) | - | 2,000 |
| Surrey Drug and Alcohol Care | 2,500 | - |
| Sussex MS Centre | 1,000 | - |
| Suzy Lamplugh Trust | 1,000 | 1,000 |
| Sydenham Garden | - | 1,000 |
| Tall Ships Youth Trust | 4,000 | - |
| Target Ovarian Cancer | 5,000 | 5,000 |
| Team Margot Foundation | - | 1,500 |
| Teenage Cancer Trust | 5,200 | - |
continued...
Page 17
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
4. Charitable activities costs - continued
5.
| The Big House Theatre Company The Cirdan Sailing Trust The Clement James Centre The Ecclesiastical Parish of St Marylebone with Holy Trinity St Marylebone The Lullaby Trust The Meath Epilepsy Charity The Mulberry Centre The Portsmouth Grammar School The Respite Association The Silverlining Charity Together for Short Lives Tourettes Action Tower Hamlets Mission TRIP Community Transport - Honiton University College London Hospital (UCLH) Charity UpRising Versus Arthritis Vision Foundation Volunteering Matters Walking with the Wounded Wandsworth Borough Football Club Wandsworth Community Transport War Memorials Trust Westbourne Primary School Parent Association West Sussex Minibus (Wisborough Green Division) Wey & Arun Canal Trust World Heart Beat Music Academy Yes Outdoors YMCA East Surrey Young Lives vs Cancer Young Women's Trust |
2,000 5,000 2,855 2,500 2,000 5,000 - - 2,000 1,000 - 2,000 2,000 1,000 5,000 3,000 3,000 3,000 2,000 - 500 1,500 5,000 500 - 2,000 2,000 5,000 - - - |
- - - - - - 2,000 18,140 - - 1,000 - - - - - - - - 8,000 500 1,000 - - 2,000 - 2,000 - 3,000 2,000 3,000 |
|
|---|---|---|---|
| 509,105 | 383,450 | ||
| Grants payable Charitable donations |
2024 £ 509,105 |
2023 £ 383,450 |
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:
| 2024 £ |
2023 £ |
|
|---|---|---|
| Medical | 185,200 | 132,507 |
| Community | 237,655 | 184,953 |
| Educational | 16,500 | 24,490 |
| Cultural | 14,000 | 2,500 |
continued...
Page 18
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
| 5. Grants payable - continued Human rights Animal Welfare Alleviating poverty 6. Support costs Management £ Other resources expended 150 2023 Other resources expended 7. Auditors' remuneration Fees payable to the charity's auditors for the audit of the charity'sfinancial statements Auditors' remuneration for non audit work |
5. Grants payable - continued Human rights Animal Welfare Alleviating poverty 6. Support costs Management £ Other resources expended 150 2023 Other resources expended 7. Auditors' remuneration Fees payable to the charity's auditors for the audit of the charity'sfinancial statements Auditors' remuneration for non audit work |
|||||||
|---|---|---|---|---|---|---|---|---|
| - 6,500 49,250 509,105 |
20,000 6,500 12,500 383,450 |
|||||||
| Finance £ 25 |
Governance costs £ 6,543 |
Totals £ 6,718 |
||||||
| Finance £ 25 |
Governance costs £ 6,594 |
Totals £ 6,619 |
||||||
| 2023 2,900 0 |
||||||||
| 2024 | ||||||||
| 3,045 0 |
8. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
continued...
Page 19
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
9. Employees
There were no staff in the current and previous year.
10. Fixed asset investments
Investments are included at closing mid-market value at the Balance Sheet date. Realised gains and losses on investments are recognised on disposals of investments and any gain or loss on revaluation is taken to the Statement of Financial Activities. The determination of any gains and losses are calculated by reference to the mid-market value of such assets at the beginning of the accounting period.
11. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors | 6,545 | 6,644 |
12. Related party disclosures
During the year, The William Allen Young Charitable Trust had no related party transactions that require disclosure (2023 £nil).
13. Post balance sheet events
The market value of the listed investments, as shown in note 10, is £31,027,325. At the time of the approval of the accounts the market value of the listed investments has decreased to approximately £25,160,000 according to the latest share trading information.
14. Reconciliation of net expenditure to net cash flow from operating activities
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Losses on investments Interest received Dividends received (Decrease)/increase in creditors Net cash used in operations Analysis of changes in net funds At 6/4/23 £ |
2024 2023 £ £ (4,328,735) (11,201,362) 4,510,859 11,483,733 (8,195) (2,917) (689,752) (669,523) (99) 330 (515,922) (389,739) Cash flow At 5/4/24 £ £ |
|---|---|
15. Analysis of changes in net funds
continued...
Page 20
The William Allen Young Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
| 15. Analysis of changes in net funds - continued Net cash Cash at bank Total |
516,375 516,375 516,375 |
182,025 182,025 182,025 |
698,400 698,400 698,400 |
|---|---|---|---|
Page 21
The William Allen Young Charitable Trust
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 5 April 2024 | ||
| 2024 | 2023 | |
| £ | £ | |
| Income and endowments | ||
| Investment income | ||
| Dividend income | 689,752 | 669,523 |
| Deposit account interest | 8,195 | 2,917 |
| 697,947 | 672,440 | |
| Total incoming resources | 697,947 | 672,440 |
| Expenditure | ||
| Charitable activities | ||
| Grants to institutions | 509,105 | 383,450 |
| Support costs | ||
| Management | ||
| Insurance | 150 | - |
| Finance | ||
| Bank charges | 25 | 25 |
| Governance costs | ||
| Auditors' remuneration | 3,043 | 2,700 |
| Auditors' remuneration for non audit work | 3,500 | 3,894 |
| 6,543 | 6,594 | |
| Total resources expended | 515,823 | 390,069 |
| Net income before gains and losses | 182,124 | 282,371 |
| Realised recognised gains and losses | ||
| Unrealised gains on fixed asset investments | (4,510,859) | (11,483,733) |
| Net expenditure | (4,328,735) | (11,201,362) |
This page does not form part of the statutory financial statements
Page 22
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Signed by Torquil Sligo-Young using authentication code XDRIViEwMsKjaylMYw== at IP address 172.224.227.64, on 2025/02/04 10:07:50 Z.
Torquil Sligo-Young's e-mail address is: t.sligo-young@youngs.co.uk.