Charity Registration Number- 283322 A W Charitable Trust Report and Accounts 30 June 2025 B Olsberg & Co Chartered Accountants & Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT
A W Charitsble Trust Report and accounts forthe year ended 30 June 2025 Contents Page Charity information Trustees. Annual Report Statement of dire¢tor$' responsibilities Independent Auditors. Report Funds Statements.'_ statement of Financial Activities Statement of total recognised gains and losses Movements in funds 14 15 16 Revaluation reserves Revenue Funds Summary offunds Income and Expenditure account 16 16 16 17 Balanee sheet Cash flow statement Notes to the accounts 18 20 23
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 The Trustees present their Report and Accounts for the year ended 30 June 2025. Reference and administrative details The charity name. The legal name of the charity is:_ A W Charitable Trust. The charity's areas operation and UK charitable registrntion. The charity 15 r8gistered in Eng18nd & W818S Wlth th8 Charity Commission in England & Wales ICCEW with charity number 283322. The charity does not operate in any overseas jurisdictions. Legal structure ofthe charity The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the d)arity is the Trust Deed establishing the charity. The governing docurnent is dated 01 August 1981 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. The Iluslees 8re all individuals
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 The Reglstered Address Is at'.- 1 Allandale Court, Waterpark Road, Salford. Manchester, M7 4JL Thè Trustaès in offic• on thè data tha raport was appro w&r*=. A Weis S Weis Mrs R Weis The following persons served as Trustees during the year ended 30 June 2025 :. The trustees who served as a trustee in the reporting period were as shown above. and there were no changes during the year, or in the period belween the year end and the approval of the acwunls. Objects and activities of the charity The purposes of the charity as set out in its governing document The tIU5tee5 wish to support all worthy orthodox Jewish causes and the Chaiity achieves its objects by making grants and distributing rnainly to Jewish education and religious organisations. The tharity's objects and its principal 8clivilies are.. 1. To advance education and religion in accordance with the doctrines and principles of Orthodox Judaism. 2. To relieve poverty and cairy out other charitable purposes. The charity is organised so that the trustees meet regularly to manage its affairs. The charity does not employ any staff or use voluntary assistan. Administration of the chaiity is dealt with by the trustees. The main activities undertaken in relation to th¢)se purposes during the year. The charity received rental income and interest which enabled it to make substantial distributions.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 The main activiti#s undèrtakèn durin9 th• yèar to furthèr thè ehèritys purposè for th• public bèn•fiL The trustees have referred to the guidance contained in the chaiity commissioners general guidance on public benefit when reviewing the trust's aims and objectives. and in planning future activities and setting the grant policy for the year. Within these objects, the trustees, 8itn 15 to play its Part in the dissemin8tion of the teachings, knowledge and practice of the Jewish religion and to relieve suffering as a result of health and poverty in the Jewish community. Grant making policies and how thos• contrlbuted to tho achlevamgnt of the charfty's alms and objectives during the year. The poliry is to 8ssisI in the furtherance of Jewish educatlon and religion, ielieve poverty assist th those in need of medical help and to alleviate hardship wherever possible. AJI applications and requests are considered on their tswn merit. Thè main aehi•vèm•nts and performaneè of thè eharity during thè yèar. The Statement of Financial Activities shows a total incorne of £17,613,123, grants made of £10,406,281, support costs of £1,442,930 and governance costs of £17,000, resulting in a surplus for the year as detailed below. Funds available are sufficient to permit the charity to continue in operation and continue making charitable grants in line with its grant making policies. Grants were reduced this year as the trustees reduced their exposure to the banks by paying off various large loans. Funds were also retained for future investment. 11 is hoped to Increase grants payable, lo pievious levels, in due course.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 The difference the charitys perfom?ance during the year has made to the beneficiaries of the charity and the degree to which the achievements andperformance during the yearhave benefited widersociety. Funds have been paid to tnany recipients and accordingly the performance of the charity h85 benefitted many beneficiaries. Thg slgnlflcant charltable actlvld•s und8rtak•n In thè ygar. The significant activity of the charity during the year was the payment of charitable grants. based on the needs ol beneficiaries. How th• achi•v•n70nts during thè yèèrm•èsur• up to thè objèetiv•s sot. The Charity has achieved its objectives during the year. Investmantperformance against the inv•stm&nt Objecti$. The investments have continued to perfom in line with expectations. struthjre, governance and management of the Charity The methods used to recruitand 8ppoint new charity trustees. The structure of the Charity consists of three trustees. The board ol trustees is authorised to appoint new trustees where appropriate. Most tiustees on appointment are already familiar with the practical work of the chaiity. NeY appointed trustees receive necessary luilion frorll existing trustees and are given access to Charity Commission publications. Group Structure and Relationships The Charity has two wholly owned non-charitable subsidiaries, Barnsfold Limited and Torland Limited, whose activrtl85 and trading p8rfotm8nce a18 disclosed in th8 not85 to the fin8nci81 slalements.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 The charity's relationships with tElatedparties. In 8ddition lo the subsidiaries mentioned above, the Charity has business ielalionships with 115 trustees and those close to one ol them, as Managing Agents and also in connection with loans owed to and from thetn. These are as listed in the notes. The trustees'bankers and advisors Bankers Soliators Auditors Bar¢lay5. HSBC. Glydesdale and Unity Fladgate LLP, London WC28 5DE B Olsberg & Co. Chartered Aooounlanls. M8nchester M8 5DT Financial revièw The charlty's flnanclal posltlon at the and of thè ded 30 Juno 2025 The financial position of the charity 8130 June 2025 and comparatives for the prior period. a5 more fully detailed in the accounts, can be summarised as follows'.- 2025 2024 Net Income 5.731.906 20.078.895 Trust capitsl 10 10 Unrestricied Revenue Funds available for the general purposes of the chaiity Unrestricted revaluation reserve 249,199,801 243,467,895 21,298,107 270,497,908 52,870,626 296,338,521 Total Unrestricted Funds Total Funds 270,497,918 296,338,531 Flnanclal mvlgw of the posltlon at tha rgportlng datg, 30 Jung 2025. The tIU5t8e5 consider the fin8nCI81 p8rform8nc8 by the charity during th8 y88r to hav8 been satisfactory. Specific changes in fixed assets are detailed in the notes to the aooounls.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 Polici•s on rèsorvès. The trustees intend lo m8inlain 8 high level of distributions frorll income and lo also relain reserves for the repayment of loans and unforeseen contingencies. Going Concern The trustees are satisfied that the Charity is a going concern. There are sufficient assets to pay off its liabilities and continue its activrties for the forseeable future. Availability andadequa¢y of assets of ea¢h of the fund The board of trustees 13 satisfied that the charity's assets in the fund are available and adequate to fulfil its obligations in respect of the fund. Investmentpolicy and investment objectives. Under the trust deed the charity has the power to make any investment which the trustees see fit. The tIU5tee5 ale const8ndy seeking inv85tni8nt opportunit185 to assist the ttU5t In achi8ving its objectives. Th8 risks to which thg Charity is gxpos8d and revigws and systgms to mitigat• them. The risks to which the charity is exposed largely center around the sustainability of rental income and Iheieby maintaining c8Pltal values. The trustees actively review the risks which the charity laces on a regular basis and believe that maintaining reserves at current levels combined with an annual ieview of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate any significant 115ks. They con5idei that pioperty investrnent 15 Suitable to attain the object of the charity and that the charity is not exposed to any foreseeable risk in connection wrth their activities. Factors likèly to aff8et futur• financial p•rformane•. There are no known factors, likely to affect future perfomiance.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 Plans For th• Futur• Summary of plan¥ for the future and the tru¥teeB' perspedive of the future direction of the harity. The Ilustee's plans 8re lo continue receiving donations and incorne froTn inve51menls and make distributions as in previous years. Details of The Auditor B Olsberg Chartered Accountant & Slalulory Auditor B Olsberg & Co Enterprise House 3 Middleton Road Manchester M8 5DT Statsmènt as to (lisclosurè of infomiation to auditors The trustees slate that so far as each of the trustees at the time this report was approved are aware:_ al There is no relevant audit information las defined by section 418131 of the Companies Act 20061 of which the auditor5 ale unaware, and bl The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomation and establish that the auditors are aware of that information.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 ststement of Tru¥tee¥' Re¥ponsibilities The charity'5 trLJStees are responsible for the preparation of the accounts In accordance wth the terms of the Charities Act 2011 and the Charities IAccounts and Reports) Regulations 2008. Notwithstsnding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulation5 2008. to piepare the fin8nC181 statements in 8ccoid8nce with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn. the Trustees determined to interpret this responsibilty as iequiiing them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Remmended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting period5 beginning on or after 1st JanLJary 20191, IThe SORPI, In particular, charity law requires the Trustees, if they piepare accounts on an accrua15 b851S, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or defiut ol the charity. In preparing those financial slalernenls the Tru51ees 8re required lo to prepare the accounts in accordance wth United Kingdorn Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. sele¢l suitable accounting policies and apply them wnsi5tenlly', make judgements and estimates that are reasonable and prudent., prepare the financial slalernents on the going concern basis unles5 It is inappropriate to presume that the charity will continue in business", stale whether applicable 8ccounting $18Nd8rds and ststements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., The law requires that the Ilustees tnust not appiove the accounts unless they are satisfied that they give a true and fair view of the state ol affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose wlh reasonable accuracy at any lirlle the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Chaiities Act 2011. They are 3150 responsible lor safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the TrLJStees' report, and the statutory responsibility of the auditor in relation to the Trustees. report Is lirnited lo ex8miniNg the report and ensuring that , the report is consistent with the figures disdosed in the financial statements.
A W Charitable Trust Trustees, Annual Report for the year ended 30 June 2025 This rewjrt was approved by the board of trustees on 30 April 2026. S Weis Trustee
A W Charitable Trust Ind8p8nd8nt Auditors. Report to the Tru$t90s of the charity on the consolidated group a¢¢ounts for the year ended 30 June 2025 Introduction We have audited the consolidated financial stslemenls of A W Ch8ritsble Trust for the year ended 30 June 2025. as sel out on pages 14 10 33, which comprise the Statement of Financial Aclivilies, the Income and Expenditure Account, the Statement of Recognised Gains and Losses , the Balance Sheet and the related notes to the financial statements. including a summary of significant accounting policies. In our opinion, the accompanying financial slalemenls of the charitable group are prepared, in all material respects, in accord8nce with charity law 8ppli¢able within the jurisdiction of England & Wales and, in particular. the a¢¢ounts have been prepared in a¢cordan¢e with FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 20191, (The SORPI, published by the Charity Commission in England & Wales ICCEW . effective January 2018, under the historical cost convention, and in accordance with the accounting policies set out on page 23, which framework constitutes the applicable United Kingdom Generally Accepted Accountin9 Practice. Limitation of liability This report is made solely to the Ttuslees of the charitable group, as a body, in accordance with the requirements of Section 154 of the Charities Ad 2011 {The Act). Our work has been undertaken so that we might slate lo the Trustees those matters we are required lo state lo them in an Auditor's Report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed. Basis for our opinion We have been appointed as auditors under section 144121 of The Charities Act 2011 and report in accordance with regulations made under sedion 154 of that Act. We ¢ondu¢ted our audit in accordance with International Standards on Auditing IISAS-UKI, issued by the Financial Reporting Council, and applicable law. Our responsibilrties under those standards are further described in the Auditors, Responsibilities for the Audit of the Financial Slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in England & Wales, 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. Responsibilities of Management and Those Charged with Governance for the Financial Statements As described on page 8, you, the charitable group's Trustees, are responsible for the preparation of the consolidated financial ststements for the charitsble group in accordance with the Charrties Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Pracliceand for being satisfied that the financial slalemenls give a Itue and fair view.
A W Charitable Trust The Truslees,who are charged with governance, are responsible for overseeing the charitable group's financial reporting process. Management is responsible for the preparation of the financial slalemenls in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines 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 slalemenls, management is responsible for assessing the charity'5 ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless management either intends lo Iiquidale the charity or to ase operations, or has no realistic alternative bul to do so. Auditorfs Responsibilities for the Audit of the Financial Statements Our objectives are lo obtain reasonable assurance about whether the ¢onsolidaled financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordan with ISAS-UK will always delect a material misslalemenl when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. Our responsibility is lo audit and express an opinion on the consolidated financial statements in accordance with relevant legal and regulatory requirements and ISAS-UK. Those standard5 require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to'_ Identify and assess the risks of material misstalemenl of the financial stalemenls, whether due to fraud or error, lo design and perform audit procedures responsive lo those risks and lo obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion", To obtain an understanding of internal control relevant to the audf( in order to design audit procedures that are appropriate for the circumstances, bul not for the purpose of expressing an opinion of the effectiveness of the Charity's internal control., To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity., To conclude on the appropriateness of the charity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the charity's ability to continue as a going concern,. To evaluate the overall presentation, structure and ¢onlenl of the consolidated financial stslemenls, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves a fair presentation. Obtain sufficient appropriate evidence regarding the financial information of the entities or business activities within the group lo express an opinion on the group financial statements., We are required lo report to the Trustees our opinion as to whether the consolidated financial statements give a true and fair view and have been properfy prepared in accordan wrth United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.
A W Charitable Trust We are also required lo report to you if. in our opinion, the Trustees, Annual Report is materially inconsislenl wrth the financial stalemenls, if the charity has not kept adequate accounting records, if the charity's financial slalemenls are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees. remuneration and transactions with the charity is not disclosed. In addition. we read all the financial and non-financial information in the Trustees. Annual Report lo identify material Inconsistencies with the audited financial slalemenls and to Identify any Information that is app8renlly materially incorrect based on, or materially inconsislenl with, the knowledge acquired by us in the course of performing the aLJdil. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. We Conduded our aud(t in accordance with ISAS-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom, revised in March 2012. We are required lo plan and perform our audit so as to meet the above requirements and lo obtain all the information and explanations which we consider necessary in order lo provide us with sufficient evidence to give reasonable assuran that the financial statements are free from material misstatement, whether caused by fraud or other irregularty or error. In the course of OLJr audit. we communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit. Assistance with accountancy and tax matters In accordance with the exemptlon provided by APB Ethical Standard - Provisions Available for Smaller Entities, we have prepared and submitted the charty's returns lo the lax authorities and assisted with the preparation of the accounts. Ellglbllty of audltor and status of audlt We confirm that we are eligible under section 144121 of the Charities Act 2011 to conduct this audit, and that this report is a report in respect of an audit carried out under the Act and in accordance with the related regulations. Attention is drawn lo the accounting policy staling that, notwilhslanding the explicit requirement in the extant slalutory regulations, the Charities (Accounts and Reportsl RegLJlalions 2008. to prepare the financial statements in accordan with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI, We concur with this approach, and any references in our report lo the regulations should be read subject to this comment. 12
A W Charitable Trust Oplnlon on the Flnanclal Ststements In accord8nce with Regulations 25igl and Ihl of the Charities (Accounts and Reports) Regulations 2008, in our opinion the charity's financial statements.. Give a true and fair view of the slate of affairs of the charitable group as at 30 June 2025 and of ils Inwme and Expenditure for the financial year then ended and, in particular, the financial statements hsve been properly prepared, in 811 material respects, in accordance wlh Uni(ed Kingdom Generally Accepted Accounting Practice applicable lo entities of its size and have been properly prepared in accordance with the requirements of the Charities Act 2011., and have been prepared in accordance with the methods and principles required by the FRS102 Slalemenl of Recommended Practice for Accounting and Reporting issued by the Charity Commission in England & Wales ICCEWI , effective January 2015 (The SORPI, and those methods and principles have been followed. Matters upon which we are required to report by exception We have nothing to report in respect of the following matters where the law requires us lo report to you, if in our opinion.. the charitable group has not kept adequate accounting records., or the financial stslemenls are not in agreement with the accounting records and returns,. or rf information specrfied by law regarding Trustees. remuneration and transactions with the charity is not disclosed. we have not received all the information and explanations we require for our audit. Sign9d:. B Olsberg Chartered Accountant & Slalulory Auditor B Olsberg & Co Enterprise House 3 Middleton Road Manchester M8 5DT This report was signed on 30 April 2026
A W Charitable Trust- Consolidated Statement of Financial Activiti8s for the year ended 30 June 2025 Consolidèt•d Stat•m•nt of Financial Activitiès for thè yèar ènded 30 Jun• 2025 Current year Unrestricted Funds 2025 Current year Restricted Funds 2025 Current year Totsl Funds Ptlor Year Total Fund5 2025 2024 Income & Endowments from.. Donations & Legacies Investments Other 10,000,000 17.572,196 14261 17,599.832 13.291 17,599,832 13,291 Total Income 17.613,123 17,613,123 27,571.770 Expenditure on.. Charitable a¢tivitEs Tax on surplus on ordinary actpiities 11,866.211 15.oc 11,866,211 1S,006 7.492,875 Total expendilure 11,881,217 11,881,217 7,492,875 Net incom8 forthe year 5.731,906 5,731,906 20.078.895 Net Income aftertransfers 5.731,S¥J8 5,731,906 20,078.895 Net movement In tunds 5.731,906 5,731,906 20,078.895 Reconciliation of fund$'.. Revaluation on Investments 131,572.5191 131,572,519) Total funds brought forward 296,338.531 296,338,531 276,259,636 Total Carried forward 270,497,918 270,497,918 296,338,531 As required by paragraph 4.60 of the SORP. the brougm fotvrard and carried fotward funds atM)ve have been agreed lo the Balan Sheet. A Statement of Total Recognised Gains and Losses is induded a8 a primary statement in these accounts. All activities derive from continuing operations The net income 81ated above is made up a8 follow8.. Charity sub8idiarS Croup Total 5.759.622 127.7161 5,731,906 5.759,622 127.7161 5,731.906 19,995.257 83,638 20.078,895 The notes attached on page5 23 to 33 form an integral part of these accounts. 14
A W Charitable Trust- Consolidated Statement of Financial Activiti8s for the year ended 30 June 2025 Consolidated Statement of Total Recognised Gains and Losses for the year ended 30 June 2025 202S 2024 Surplu$ for the year:. Net excess of inrne overexpenditure from operations befo tsx 5.746.912 20,078,895 Income from operations before tax in the Statement of Financial Activitss 5,746,912 20,078.895 Net Movement in fund$ before taxaiitsn 5,746,912 20,078,895 Taxation ari8ing in the year 115.0061 Funds ganerated in the year as shown on Statement of Financial Activities 5,731,906 20,078.895 The notes attached on pages 23 to 33 fom) an integral part of these accounts. A W CharStable Trust- Group Resources avallable Sn the year ended 30 June 2025 towards fixed assèts for Charity usè=_ 2025 2024 Funds generated in the year as detailed in the SOFA 5.731.906 20,078,895 Net resources available to fund charitsble activit195 5,731,906 20,078.895 The notes attached on pages 23 to 33 form an intsgral part of th8S8 accounts. 15
A W Charitable Trust- Consolidated Statement of Financial Activiti8s for the year ended 30 June 2025 Con801idated movements in revenue and capitsl fund8 for the year ended 30 June 2025 Revenue accumulated funds Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Last year Total Funds 2024 Accumulated fund$ brought forward 243.467.895 243.467.895 223.389.000 Recognised gains and losses before transfers 5,731.90e 5.731.906 20,078,895 249,199,801 249,199,801 243,467,895 Closing r8venug fund5 249,199,801 249,199,801 243,467,895 Con$olldated Revaluatlon Reserve Fund Unrestricted Funds 2025 R8strictgd Funds 2025 Total Funds 2025 Last year Totsl Funds 2024 A11Juty Movement$ during the year 52,870.826 131,572.5191 52,870,626 131,572,519) 52,870,626 At 30 Jun8 21.298,107 21,298,107 52,870.626 Sumrnary of consolidated fund5 Unrestrlcted and Designated funds 2025 Restrlcted Fund$ Total Funds Last Year Totsl Fund$ 2025 2025 2024 Trust Capital Revenue accumulated funds Revaluation reserve fund 10 249.199.801 21,298.107 249,199,801 21,298,107 243,467,895 52,870,626 Total 270,497,918 270,497,918 296,338,531 The notes attached on pages 23 to 33 form an Integral part of these accounts. 16
A W Charitable Trust- Consolidated Statement of Financial Activiti8s for the year ended 30 June 2025 A W Charitable Trust Consolidated Income and Expenditure Account for the year ended 30 June 2025 2025 2024 In¢ome Income from operation8 10,000,000 Investment income and interest Incorne from investments. other than interest receivable Interest rec8ivable Other operating Income 17.042.725 557,107 13.291 17,012,696 559,500 14261 Gross income in the year before exceptional items 17,613,123 27,571.770 Gross income in the year including exceptional items 17,613,123 27,571,770 Expendlture Charitable exp&nditure, exduding dèpreciation and amortisation Governance costs Intere51 payable Realised losses on disposals of social investments which ar8 programme relatsd 10.667,286 17.000 1.181.925 5,922,843 20.702 1,549,330 Totsl expendilure in the year 11,866,211 7,492,875 Net Income before tax In the flnanclal year 5,746.912 20,078.895 Tax on 5urplu5 on ordinary actriities 15.006 Net In¢ome atter tsx In the flnanclal year 5,731.906 20,078.895 Retained surplus forthe financial year 5,731,906 20,078.895 All activities derive frotn continuing operations In accordance with the provisions of the Comp8ni?8 Act 2006. the headings and 8ubh8adings used in the Income and Expenditure account have been adapted to reflect the speual nature of the charity's activities. The notes attached on page5 23 to 33 form an integral part of these accounts. 17
A W Charitable Trust- Group Balance Sheet as at 30 June 2025 Notes 2025 2024 Fixgd assets Investments held as fixed assets 14 278,037,833 309,610,352 Current assets Debtors Cash at bank and in hand 16 583,579 15,645,580 2,684,995 11,863,959 Total current assets 18,229,159 14,548,954 Credltors: amounts falllng due within one year 17 16,186,395) 16,599,321) Net current assets 10,042,764 7,949,633 288,080,597 317,559,985 Net assets Creditors.. amounts falling due after MO than one year 18 117,582,679) 121,221,454) The total net assets of the charity 270.497.918 296.338,531 The total net assets of the charity are funded by the funds ofthe charty, as follows:. Restricted funds Unrestricted Funds Trust Capital Unreslricled Revenue Funds Unreslricled Revaluation Reserve 21 10 25 249,199,801 25 21,298,107 10 243,467,895 52,870,626 270,497,918 296,338,531 Designated Funds Total charity funds 270,497,918 296,338,531 18
A W Charitable Trust- Group Balance Sheet as at 30 June 2025 The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts. The charitable group is subject lo audit under charity legislation, and the report of the Charities Act auditor Is on page 13. S Weis Trustee Approved by the board of trustees on 30 April 2026 The notes attached on pages 23 to 33 form an integral part of these accounts. 19
A W Charitable Trust Consolidated Cash Flow Statement for the year ended 30 June 2025 2025 2024 Cash flows from operatlng actlvltles Net cash provided by operating activities as shown below 113,965,775) 2,280,115 Cash flows from investing activities Interest received Other investment income, including rents from investments 557,107 17,042,725 559,500 17,012,696 Net cash provided by investing activities 17.599,832 17.572,196 Cash flows from financing activities Repayment of amounts borrowed 147,564 128,865,896) Net cash provided by financing activities 147.564 128.865.8961 Overall cash provided by all activities 3,781,621 {9,013,585} Cash movements Change in cash and cash equivalents from activities in the year ended 30 June 2025 3,781,621 19,013,585) Cash and cash equivalents at 1 July 2024 11,863,959 25,817,800 Change in cash and cash equivalents due lo exchange rale movements Cash at bank and in hand less overdrafts at 30 June 2025 15.645,580 16.804,215 20
A W Charitable Trust Consolidated Cash Flow Statement for the year ended 30 June 2025 A W Charitable Trust Cash Flow Statement for the year ended 30 June 2025 - Continued Reconciliation of net income to net cash flow from operating activities Net Income as shown in the Statement of Financial Activities 5,731,906 20,078,895 Adjustments for:. Write downs of investments Net unrealised losses on investment assets Dividends, interest and rents from investments Decrease in debtors Increase in creditors, exduding loans 117,599,832) 2,101,416 14, 199,2651 117,572,196) 1145,5001 181,0841 Net cash provlded by operatlng actlvltles 113,965,775} 2,280,115 Analysis of cash and cash equivalents 2025 2024 Cash in hand at for the year ended 30 June 2025 15,645,580 11,863,959 Total cash and cash equivalents 15.645,580 11.863,959 A W Charitable Trust Cash Flow Statement for the year ended 30 June 2025- Continued Analysis of change in net debt Atstart Cash Flows 3,781,621 At end of year 15,645,580 Cash and Cash Equivalents Cash of year 11,863,959 Borrowings Loans falling due within one year Loans falling due after more than one year Finance lease obligations 11,863,959 158,6891 116,652,642) 3,781,621 1217,5271 69,963 18,1831 15,645,580 1276,2161 116,582,679) 18,1831 Total 14,847,372) 3,625,874 11,221,498) 21
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 1 Accounting policies Polici8s relating to the production of the account5. Basis of preparation and ac¢ounting convention The accounts have been prepared on the accruals basis, under the historitAI cost convention, as modified by the revaluation of Fixed Assets. and in accordan with the Financial Reporting Standard 102, (effective 1st January 20161 and'FRS 102 SORP (Statement of Recommended Practice forAetounting and Reporting by Charities) 2015. las amended by the Bulletin i55ued in October 2018 and applicable to all accounting perio5 beginning on 01 after 1st January 20191, (The SORPI, published by the Charity Comm188ion in England & Wales ICCEWI. effective J8nuary 2016. and In accordance with all applicable law in the tharity's jurisdiction of registration. except that the charity has prepared the financial slalements in accordance with the FRS 102 SORP (Statement of Recommended Practice forAtcounting and Reporting by Charities) 2015. las arnended by the Bulletin i55ued in October 2018 and applicable to all accounting periods beginning on or after 1st Janu8ry 20191, (The SORPI, in preference to the previou8 SORP. the SORP 2005, which ha8 been Mthdrawn, notwilh81anding the fact that the extant ststutory regulations, the Charities (Accounts and Report51 Regulations 2008 refer explicitty to the SORP 2005. This has been donè to accord with current best practice. Going Concern The charitable activities are entirely dependent on continuing rental income and voluntary donations. As a consequence. the going concem basis is dependent on the future flow of these funding streams. Accor(lin9ly, the Trustees have obtained forecasts and. after reviewing the financial forecasts for future periods to 28th February 2023, the Trustees are satisfied that. at the lirne of approving the finanual stalemenls, 11 is appropriate lo adopt the going concern basis in preparing the financial statements. Other than these mallers. the Tru81eè8 are not aware of any material uncertainites about the charity'8 ability lo continue as a going concern. Publlc Beneflt The charity is a public benefrt entity. Poll¢le$ relatlng to ¢ategorle$ of l*Tr¢ome atr)d Income re¢ogfft)Itlon. Nature of income Gross incorne represents the value, net of value added tsx and discoun15, of rental incorne. Categorle$ ot In¢ome Rental income from investment properties is induded in the SOFA in the year which it 18 receivable. Other income represents surpluslldeficill on the joint proty syndicates and is included in the SOFAwhen received. Banks and bu11ng Society interest is induded in the year in which it is receivable. 22
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 Incomo recognition Income, whether from exchange or non exchange transactions. is re¢ognisetl in the slaletnent of finantial a1vitIeS ISOFAI on receivable basis. when a transaction or olh8r event results in an incre88e in the eharity's assets or a reduction in its liabilities and only when the charity has legal entItMent, the incorne 15 probable and can be Measured reliably. Income subject lo terms and conditions which must be met before the Charity is enlilled lo the $ou$ is not re¢ognised until the conditions have been met. l income is accounl8d for gross, before deducting any related fees or c0818. Policies relatino to expenditure on goods and$ervi¢e$ provided to the charity. Recognition of liabiliti and exp8nditure A liability, and the related exndIture, is recognised when a legal or con81ructive oblig81ion exists as a result of a p8818venl, and when il is more likely than not that a transfer of e¢onomi¢ benefits wll be oquired in setuemenl, and when the amount of the obligation can b& measured or reliably estimated.. Liabilitie8 arising from future funding commitrnen18 and constructive obligations, including performance related grants, where the timing or the amount of the futu expenditu qUirEd to setue the obligation a nrtaIn. give rise to a provision in the accounts, which is reviewed al the accounting year end. The provision is increased lo reflect any increases in liabilities, and is de¢reased by the utilisation of any provision wlhin the period, and reversed If any provision Is no longer requirtd. These movements are charged or credited to the re8CtIve fund8 and activities to which the provision relates. Pollcles re18tlng to assets, Ilabllltles andprovlslons 8ndothermatters. Fixad Asset Investments Fixed asset investments in quoted shares, traded bonds, investment prop&rties and similar investments are shown initially at cost upon a¢quisition and at their market value al the babn¢e sheet dale at the end of the financial penod. Invesbnenl propertl8S are not depreciated. Fixed asset investsnents in unlisted equities are shown al the balance sheet dale at the best estimate of their market value, where pra¢ti¢able. whe valuation tethniques are Conside Unreliab or where. in the opinion of the trustees, the Costs oubNeigh the b8nefits to the users of the accounts, the investment is induded al c081, and a review is undertaken at each year end as to whether the asset should btt written down. Inve8tments In subsidiaries are shown as their balance sheèt value. All gains on fixed asset investments. whether realised or unrealised. a induded in the Statement of Financial A¢triities. ranglble flxed•ssrfs Tangible fixed assets are measured al their original cost value, or subsequent revaluation, or rf donatsd, as d8scrib8d above. Cost value includes all Costs expended In bringing the asset Into its Intended working condition. A regukr annual review of the likelihood of asset Irnpaient is undertaken. No depreuation is provided on freehold prOty and improvements because it is the practice lo maintain the prOty in a Continual stste of sound repair. Accordingly, the life is $0 long and the $181 value $0 high that the Trustees considerthat depreu8tion calculated in accordance with 8CC8Pted accounting standards WOU be immaterial. 23
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 Revaluation of tsngible fixed assets Revaluation surpluses and deficits are r8cwniz8d in the profil and 1088 account. Financial instruments including cash and bank balances A financial asset or a financial liability is re¢ognized onlywhen the Charity becomes a paty lo the contra¢tual provisions of the instrument. Basic financial instrurnents are initially recognized al the amount receivable or payable induding any relatsd transactions costs. Current assets and Current liabilities a subsequently MeaSud al the cash or other Conseration expe¢led to be paid or received and not discounl8d. Basic financial instrurnents are recognvzed st amortized cost, except for investments in non-convertib preference and non- puttable ordinary shares whi¢h are measured at fair value. Mth changes re¢ognized In profil or loss. Derivative finanrial instruments are initially recorded at cost and theafter at fair value wth changes recognized in profit or loss. Fund kcounting Unrestricted fund5 are avsilable for use at the discretion of the trustee5 in furtherance of the general objectives of the chsrity. The are no designated funds. There are no restricted fund5. There are no endowment funds. 2 Liability its taxaiitsn The Twslees Consider that the charity satisfies the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK eorporalion tax purpose8. Accordingly. th8 Charity Is potentially exempl from taxation In respect of incom& Dr cspital gains retsived thIn categories covered by chapter 3 part 11 of the Corporation T3x Act 2010 or Section 256 of the Taxation of Charyeable Gains Act 1992. ID the extent th81 such income or gains are applied exclusiv8ty on the specific charitable objects of the tharity and for no other purpose. 3 Wlndlng up or dlssolutlon of the charlty If upon winding up or dissolution of the ¢harity there remain any assets. after the satisfa¢tion of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitsble body or bodies having similar objects to the ¢harily. 4 Signifi¢an¢e of finan¢ial instruments to the ¢haAWs posilion Ther8 is no significance of financial instruments to the charity's position. 24
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 s Net surplu5 b8fore tax in th8 financial year 2025 2024 Th8 nel surplus before lax in the financial year is staled after charging'.- Audrtors, mUneration 17,000 20.702 8 Flnanc181 costs 2025 2024 Loan intere51 Bad debts 1,151,997 29,928 1,558.978 19.6481 1,181,925 1,549.330 7 Taxation 2025 2024 UK corporation tax 15,0( 8 Investment galns Unre8llsedg8ltTrs/(losses) and wrttlng down of c8trryAng values Inve8tment propèrties- Unrealised 131.572,5191 31,S72.519 Total unreallsed galnslllossesl etc 131,572,519) 131,572.5191 Total realised and unrealised gains 131,572,519) 131,572.5191 9 Deflned contrlbutlon penslon schemes There are no contribution nSIOn schemes 10 Defined bpnefit pension $¢heme There is no nefit pension scheme. 25
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 11 Remuneratit>n and payments to TnJ$tee$ and persons ¢onne¢ted wilh them No trustees or persons Connected with them 1Ve any remuneffjlion from the d)arily. or any related entity 12 Deferrgd incorne- Unrestricted and D8signat8d funds Current Year Opening Deferrals Released frorn prior years Received le55 released In year Deferred at year end Rents 3.829,569 3.829,569 3,837,752 3,837.752 Total 3,82g,569 3,829,569 3,837,752 3,837,752 2025 2024 Th8s8 deferrals are included in creditor5 3,837,752 3,829.569 Prior Year Opening Deferrals Released from prior years Received le55 released in year Deferd at year end Rents 3.829,569 3.829,569 3.829,569 3,829.589 Totsl 3.829,569 3.829,569 3,829,569 3,829.569 2024 2023 Thes8 delerrals are included in creditor5 3,829,569 3,572.348
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 13 Tangible fixed assets Curlt Year Land and Bulldlng$ Plant & Ma¢hlnery Motorvehlcles Total At Valuatlon At 1 July 2024 4,974 4.974 At 30 June 2025 4.974 4,974 Depreclatlon At 1 July 2024 4,974 4.974 At JO June 2025 4.974 4,974 Net book valu8 At 30 June 2025 Prior Year Land and Bulldlngs Plant & Machlnery Motor V8hicle3 Total At Valuation 01 July 2023 4,974 4.974 30 June 2024 4.974 4,974 01 July 2023 30 June 2024 Net book value 4,974 4.974 4.974 4,974 At 30 June 2021 All assets are used for di¢1 charrtab purposes. 27
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 14 Investments held as fixed assets Investments Llsted Investments Investments In Propprty Total $ub5idiaries Carrying values of investments At 1 July 2024 Revaluation at 30 June 2025 100 309.610.252 131,572.5191 309,610.352 131,572.5191 At 30 June 2025 100 278.037.733 278,037,833 Anatysis betsveen fair value and historical c05t Investments as above held at fair value 100 278,037,733 278,037.833 Analysis of Investments in Property Included at hlstorlcal C05t, less write down Included at falr value Total Summary of Investmenis at 30 June 2025 Property Investments 278,037,733 278,037,733 Inv88tment prop8rti88 were valued by either professional valuers or by the trusl8es and the basis of th& valuation is market value to arrive at a tsir value. Valuation methods include Comparing wrth similar properties or based on the rent yield on the property.ln VI of the current propety market climate and high interest ral88. the trustees decided lo err on the S? of caution by subslanlially reducing the valuati¢ns on rtain properties lo refie¢t the market Conditions. The are no $th¢bon$ on the alisabl1 of the investrnent propèrty, income from the investrnent property or any prOed$ on disposal. 15 Investment poolin9 $¢heme$ and arrangements There are no investment pooling sthemes and arrangements. 16 Debtors 2025 2024 Trade debtors Prepayments and accrued incorne Other deblo 64,509 228,838 290.232 143.654 346.700 2,194.641 583,579 2,684,995 28
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 17 Cr8ditors= amount5 falling due within one year 202S 2024 Bank loans and overdrafts Trade creditors A¢¢ruals Deferred Income- Unrestricted & designated funds Corporation lax Other creditor5 276.216 309.463 68,825 3,837,752 14,722 1,679,417 58.689 237.448 337.474 3,829.569 2,136.141 6,186.395 6.599,321 18 Creditors= amounts falling due after one year 2025 2024 Bank loan5 and overdraft5 Other creditors 16,582,679 1,000,000 16,652.642 4,568.812 17,582.679 21.221,454 The bank loan5 are secured on the group'5 properties. 19 Loans to tru5t8es included in debtor5 There are no bans to tru51ees 20 Guarant885 mad8 by the charity on behalf of trustse5 There ale no guarantee5 made on behaw of the trustee5 21 Trust capital 2025 Number 2025 2024 Trust Capital 10 10 10 10 10 29
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 22 Revaluation reserve Current year Current year Current year Total Funds Prlor Year Total Funds Currentyear Unrestrlcted Funds 2025 Restrlcted Funds 2025 202S 2024 At 1 July 2024 Movements in year 52.870,626 131.572,5191 52,870.626 131,572,519 52.870,626 At 30 June 2025 21,298,107 21,298.107 52.870,626 All the revaluations in the prior yesr was unrestricted. Prlor Year Prlor Year Unrestrlcted Restricted Funds Funds 2024 2024 Prlor Year Total Funds prtoryear 2024 At start of previous year 52,870,626 52,870.626 At end of prgvious year 52,670,626 52,870,626 23 Related party transactlons During the year Combined Property Control controlled by A Weis actsd as managing agents to tha group. No management fees were Charged for their Servi5. During the year the group received loans from Combined Property Control. Al the year end Combined Propety Control was owed £479,207 by the group. I the trustees of the group are trustees of The Helping Foundation, a r8gist8r8d charity, At the y8ar beginning the foundation owed the group £1,933.971. This was repa in the year. Sirweis is a Iruslee of Newmarslon Ltd. a UK regISted Charity. At the year beginning the charity owed Newmarston Limited £4,568,812 interest free and repayable on demand. This was repaid in the year. Barnsfold Limitsd and Torlsnd Limitsd, wholly owned subsidiaries ofAW Charitable Trustwere owed £2,21X),453 & £868,690 spe¢tively by the charity. Inte$t free and unSe¢ud. 30
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 24 Particular5 of how particular funds are represented by as5et5 and liabilitie5 At 30 June 2025 Unrestrlcted Deslgnated fund5 fund5 Restrfcted funds Totsl Funds Investments at va1uation'.- Fixed asset investmoff>ts CurrentAss8ts Current Liabilities Long Term Liabilities 278,037,833 18.229,159 16,186,3951 117.582,6791 278,037,833 16,229,159 16.186,3951 117.582,6791 270.497,918 270.497,918 At 1 July 2024 Unr8Stricted D85ignat8d lund$ fund5 R85trict8d funds Totsl Funds Inv88tments at valuation'.- Fixed asset investsnenls CurrentAssets 309,610,352 14.548,954 18.599,3211 121.221,4541 309,610,352 14,548,954 16,599,321) 121,221,454) Long Term Liatiililies 296,338,531 296,338,531 25 Change in total funds over the year as $h¢)wn in Note 24, analysed by individual funds Funds brought forward from Movement in Trdnsfvrs lunds in 2025 betsveen funds In 2025 Fund5 carrie fowward to 2026 2024 See Note 26 Unre5trictedand designat8d funds... Unrestricted Rev8nue Funds Unrestricted Revaluation Reserve 243.467,905 5.731,906 52,870,626 131,572,519) 249.199,811 21.298,107 Totsl unr85tricted and designated funds 296,338,S31 125,840,613) 270,497,918 Total charity funds 296,338,531 125,840.6131 270,497,918 26 Analysis of movements in funds over the year a5 shown in Nots 25 Other Galns & Losses 2025 Income Expendlture Movement in funds 2025 2025 2025 Unre5trictedand de$ign4ted fund5.'. Unrestricted Revenue Fund8 Unrestricted Revaluation Reserve 17.613,123 111.881,2171 131,572,519) 5.731,906 131.572,5191 17,613,123 143,453.736 125.840,6131 31
A W Charitable Trust Notes to th8 Accounts for th• yèar ended 30 Jun8 2025 27 The purp05e5 for which th8 funds UtrTrrestri¢tedand de$lg*Tr•ted funds.". These funds are held for the Tneeling the objective5 of the charity, and to provide re8ÈNe8 for future activities, and. subject lo charity legisL9tion. are free from all restrictions on their use. Unrestricted Revenue Funds Restricted funds... Restricted Fixed Asset Funds There are no restricted fund5 28 Ultimate controlling party The charity is under the control of it5 trustees. 32
A W Charitable Trust Detailed analysis of income and expenditure for the year ended 30 June 2025 as required by the SORP 2015 This analysis is classsified by conventional nominal descriptions and not by activity. 29 Donations, Grants and Legacies Current year Current year Current year Prior Year Unr&strict8d Restrictèd Total Totsl Funds Funds Funds Funds 2025 2025 2025 2024 Revenue grants and donations from non public bodies Sundry Donations 10,000,000 Totsl privats sector revenue grants 10.000.000 Revenue grants and donations from non public bodies Ilnclud• Gift Aid donations from subsidiaries) Prior Year analysis Prlor Ygar Prlor Year Unr&strict8d Rastrictod Funds Funds 2024 2024 Prlor Year Total Funds 2024 Totsl Donations. Grants and Legacies Total Donations, Grants and Logacies 10.000.000 30 Invgstmont in¢omg Current year Current year Current year Prior Year Unrèstrictsd Rastricted Total Total Funds Funds Funds Funds 2025 2024 2025 2025 Property Rental Income Bank Interest Receivable 17,042,725 557,107 17,042,725 17,012,696 557,107 559,500 Total In¥tmant incomo 17,599,832 17,S99,832 17,572.196 33
A W Charitable Trust Detailed analysis of income and expenditure for the year ended 30 June 2025 as required by the SORP 2015 31 Other income and gains Currènt yèar Currènt yèar Currgnt year Prior Yèar Unrestricted Restricted Total Total Funds Funds Funds Funds 2025 Current year 2025 2025 2024 Sundry other income 13,291 13,291 14261 Total othèr incomè 13.291 13,291 1426 32 Exp&ndltur• on charltsbl& actlvltles- Grant fundlng of a¢tlvltl•s Current year Current year Currant yoar Prior Year Unrestrictsd Restricted Total Total Funds Funds Funds Funds 202$ 2025 2025 Cuent Year 2024 Grants made to organisations 10,406,281 10,406,281 S,SS2,231 Totsl grantmaking costs 10,406.281 10.406,281 5.552,231 Breakdown of Grants made to organisations Current year Current year Current year Unrèstrictsd Rastricted Total Funds Funds Funds 2025 Current Year 2025 2025 Grants made in the UK 10,406,281 10,406,281 10,406,281 10,406,281 A schedule of grants made can be obtained by applying in writing to the trustees at the charity's offices. 34
A W Charitable Trust Detailed analysis of income and expenditure for the year ended 30 June 2025 as required by the SORP 2015 33 Support ¢o$ts for ¢harltsbl& a¢tlvllles Curr&nt year Curr&nt year Currgnt year Prlor Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2025 2025 2025 Current Year 2024 Premises Expenses Ground rents, Rates and Mainlenace Property insurance 122,080 1,404 122,080 1,404 142.545 633 Administrative overheads Telephone, fax and inlernel Stalitsnery and printing Sundry expenses 2,526 4,950 1121 2,526 4,950 {121 2,252 821 331 Prt)fessional fees paid to advisors other than the auditor or examiner other legal and professional 111,494 111,494 141.078 Financial costs Bank charges and fees Loan interest Bad debts 18,563 1,151,997 29,928 18,563 1.151,997 29,928 82,952 1.558,978 19,648 Support costs before reallocation 1,442.930 1.442,930 1.919,942 Totsl support costs- Currentyear 1,442.930 1.442,930 1.919.942 The basis of allocation of costs between activities is described under accounting policies All the expenditure in the prior year was unrestricted. Administrative overheads The basis of allocation of costs between activities is described under accounting policies 35
A W Charitable Trust Detailed analysis of income and expenditure for the year ended 30 June 2025 as required by the SORP 2015 34 Oth¥r Exp&ndltur•- Gov&man¢• costs Current year Current year Current year Prior Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2025 2025 2025 Current Year 2024 Auditor's fees 17,000 17,000 20,702 Total Govemance costs 17.000 17,000 20,702 All the expenditure in the prior year was unrestricted. 35 Total Charitsble expenditure Current year Current year Current year Prior Year Unrèstrictsd Restricted Total Totsl Funds Funds Funds Funds 2025 2025 2025 Current Year 2024 Totsl grantmaking costs Total 5UPPOrt costs Totsl Governan¢e $1$ 10,406,281 1,442,930 17,000 10.406,281 1.442,930 17,000 5.552,231 1.919.942 20,702 Totsl charitablo •xp8nditur& 11,866,211 11,866,211 7,492.875 All the expenditure in the prior year was unrestricted. Prior Year Prior Year Unr&strict8d Restricted Funds Funds 2024 2024 Prior Year Total Funds 2024 Prior Year Totsl grantmaking costs Total 5UPPOrt costs Totsl Governance costs 5,552,231 1,919,942 20,702 5,SS2,231 1,919,942 20,702 Total charitablo 9xndItur& 7,492,87S 7,492,875 36
A W Charitable Trust Detailed analysis of income and expenditure for the year ended 30 June 2025 as required by the SORP 2015 36 Taxation Cuvrentyear Unrestricted Fund5 Currerityear Restricted Funds Current year Total Funds Prioryear Total Funds 2025 2025 2025 2024 Corporation tax 15,006 15,006 Total taxation costs 15,006 15,006 37 Totsl of other expendltur& vv8nt year unrèstri¢tOd Fund$ Currot)tyoai Restrittèd Funds urront year Total Fund8 Pory04r Cuent Year Totsl Funds 202S 2025 202S 2024 Total laxalion costs 15,006 15,006 Totsl oth&r expendituro 15,006 15,006 37
A W Charitable Trust Activity analysis of Incomg and gxpgnditurg for the for tho ygar ondgd 30 Jung 2025 This analysis is cl8sssrfiedbya¢tivity andnotby conventional nominal descriptions. 38 Analysis of income by activity 2025 2024 Actovlty Summary of Total Income, including the items above Donations & Legacies Investment income other Income 10,000,000 17,572,195 14261 17.599.832 13.291 Total Income as shown In the SOFA 17,613,123 27,571,769 Cat•gorl•s of Incom• Income Irorn Primary Purpose 17.813.123 27,571,769 39 Analysis of eharitabla •xpanditur• by activity Actlvlty Dlrect osts Support costs Grant funding of activitles 2025 Total Totsl 2025 2025 2025 2024 Primarypurpose Pretnises expenses Administrab"ve oveiheads Profe55ional fees Finanaal costs Grantrnaking costs 123.484 7.464 111.494 1,200.488 123,484 143,179 3,404 141,078 1,632,281 5,552,231 111,494 1,200,488 10,406,281 10,406,281 Total Primary purpose 1,442,930 10,406.281 11,849,211 7,472,173 Summary of charitsble costs by activity Dlrect oBts Support costs Grant funding of activities 202S Total Total 2025 2025 2025 2024 Total Primary purpose Total Govemance costs 1,442,930 10,406,281 17.000 11,849,211 17.000 7,472,173 20,702 Total charltable expendlture 1.459,930 10.406.281 11,866,211 7,492.875 The basis ol allocation ol costs between activities Is described under accounting policies The breakdown of this expenditure by type ol spending lie nominal dassificationl is detailed in note 35
A W Charitable Trust Activity analysis of Incomg and gxpgnditurg for the for tho ygar ondgd 30 Jung 2025 Analysis of support and governance costs by charitable activiti8S Govemane• Finane• Human Resources oth•r Overheads Total Activity Primary purpose 17.000 1.200.488 242,442 1,459,930 Summary of grant maklng by actlvlty Grants to institution¥ Grants to individual¥ 2025 Support costs 2025 Total Total 2025 2025 2024 Primary purpose 10,406.281 10,406,281 5,552,231 10,406,281 10,406,2B1 5,552,231 Fuller details of grants made and related costs, Induding support costs, are shown in note 32. Govemance Costs Govèrnaneè costs 202S Govèrnancè costs 2024 Other Expenditure- Governance costs as detailed in Note 34 17.000 20,702 40 Anatysis of Income and EXpendlUre per Entity Charity Barn$fold Ltd Torland Ltd Group Total Income 17,633,863 62.260 17,696,123 Total Expenditure 111,874,2411 190,0221 46 111,964,217) Surplus lor year 5,759,622 127,7621 46 5,731,906 39