THE ALAN AND BABEThE
SAINSBURY CHARITABLE FUND
ANNUAL REPORT & FINANCIAL STATEMENTS
5 APRIL 2025
5 WILTON ROAD
LONDON SWIV IAP

CONTENTS
PAGE
Reference and Administrative Detalls
Report of the Trustees
Independent Auditor's Report
9-12
Statement of Financial Activities
13
Balance Sheet
14
Cash Flow Statement
15
Notes to the Account
16-23
Appendix
24-25

THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND
5 April 2025
REFERENCE & ADMINISTRATIVE DETAILS
The Alan and Babette Sainsbury Charitable Fund (No. 2929301 was established under a Trust Deed
dated 14 July 1953 and became a registered charity on 12 November 1985.
Trustees
Ms Llndsey Anderson
Mr Julian Sainsbury (resigned 23/05120241
Ms Jessica Sainsbury
Registered
Offlce
The Peak
5 Wilton Road
London SWIV IAP
Principal
Officers
Mrs Karen Everett
Ms Thrisha Haldar
Chief Executive Officer
Lead Executive
All the Principal Officers are employed on a part-time basis.
Bankers
Royal Bank of Scotland
36 St Andrew Square, Edinburgh, London
EH2 2YB
Solicitors
Broadfields Law UK LLP
l Bartholomew Close
London ECIA 7BL
Auditor
Sayer Vincent LLP
Invicta House
110 Golden Lane
London
ECIY OTG
Investment
Advlsers
Cazenove Capital
l London Wall Place
London EC2Y SAU

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
REPORT OF THE TRUSTEES
The Trustees present their report and the audited financial statements for the year ended 5 April 2025
for the Alan and Babette Sainsbury Charitable Fund 1.the Trus￿ l.
Reference and administrative information set out on page 2 forms part of this report. The financial
statements comply with current statutory requirements, the Trust deed, and the Statement of
Recommended Practice- Accounting and Reporting by Charities: SORP applicable to charities preparing
their accounts in accordance with FRS 102.
Objectives and Governance
The Trust was established in 1953 by Lord Alan Sainsbury and his wife Babette. It continues to reflect
the Settlors. wishes, set out in the Trust Deed by supporting activities which align with their original
prioritie5. whilst responding to current issues. The Trustees are aware of the Charity Governance Code
which set5 Out the principles and recommended practice for good governance within the sector. The
Trust reviewed its governance arrangement5 against the principles within the code in 2023 and took
steps to become more transparent; and to improve Diversity, Equity and Incluslon in recruitment.
retention and it5 grant-making. More information is available on the Charitws website.
The Trustees met three times during the year, with an additional meeting to reflect on strategy, as
well as the usual grant-making meetings. The Chair met regularly with the Lead Executive, grantee-
partners and investment managers throughout the year to ensure good governance and informed
decision making.
The Trustees are familiar with the requirements and duties set out in the Charities IProtection and
Social Investment) Act 2016. The Trust's income is generated f rom investments, for which Trustees set
specific policies 15ee below). As the Trust does not undertake fundraising from the public or
professional fundraisers or commercial participants, the Trust is not part of any regulatory scheme
relating to fundraising.
The Trust is one of the Sainsbury Family Charitable Trusts, which share a common administration.
Remuneration of all staff is reviewed by the Trustees on an annual basis. benchmarked in the sector
and reflect the requirements of their role and performance during the year.
Trustees are appointed by the existing Trustees and are provided with relevant information and
induction into their responsibilities as Trustees.
Grant-MakingApproach
During thi5 financial year, The Trust awarded 23 grant5 totalling £862,410.
More detailed information about its grant-making strategy and grant awards can be found on The Alan
& Babette Sainsbur Charitable Fund website.
The Trust strives to practice relational, transparent, and equitable grant making. To achieve this. the
team works alongside grantees, acknowledging their expertise and welcoming their insights to inforrn
its practice.

THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND
5 April 2025
Predominantly, the Trust's grants are for core costs or flexible use, knowing that grantee-partners are
best placed to decide how to deploy resources to achieve their aims and for the communities they
serve. In thi5 financial year, 61 % of grants were unrestricted or for core funding.
The charity supports an evidence based and joined up approach to grant-making and to this end now
publishes all its grant-making using the 360Giving Data Standard. for use by other donors and potential
grantees.
The Fund does not have an application form. Instead, it proactively researches and identifies groups
for funding that align with its Priorities - often "by and forf groups who have few resources to emplov
professional fundraisers. The Trust is part of relevant funding and learning networks to ensure its grant
making approach is considerate of relevant sector updates and best practice.
During the year the Trustees considered proposals under the following categories:
Refvgee and Asylum Seekers
Intercommunity Dialogue
International
Disadvantaged young people in Southwark
General
Charities and Public Benefft
Trustee5 are aware of the Charity Commission guidance on Charity and Public Benefit and confirm
that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to
it. They consider the full information which follows in this annual report, about the Trust's aims,
activities, and achievement5 in the many areas of interest that the Trust supports demonstrates the
benefit to its beneficiaries, and through them to the public, that arise from those activities.
Reserves Policy and Going Concern
It is the Trustees, policy to approve grants for payment over a period of years, subject to certain
conditions over the life of the grant. Those expected to be paid within twelve months of the year-end
are accrued in the accounts, whi15t th05e grants due to be paid after this date are not accrued. The
latter are referred to in note 4 to the accounts and amount to £243,085 12024: £112,025). They
represent funds earmarked for continued support to certain existing grantee-partners where formal
commitments have been made but the conditions had not yet been met atthe balance sheet date.
Cash flow projections for income and expenditure are regularly reviewed to ensure that the level of
available reserves is adequate and that the Trust can meet all its commitments.
The Trustees consider that. when possible, it is appropriate to hold funds, both to meet the short-term
working capital needs of the Trust and in anticipation of the potential payment of subsequent grant
instalments. In the unlikely event that the Trustees find themselves unable to meet current
commitment5 from the future income, they would be willing to draw on expendable endowment to
meet those commitments. As at 5 April 2025, the Trust held total funds of £16,734,63712024:
£18.329,4311 including expendable endowment funds of £16,487,12012024: £18,081,915).
The trustees are not aware of any material uncertainties that would prevent the financial statements
from being prepared on a going concern basis.

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
Investment Policy
Trustees meet with their investment managers twice a year to discuss investment strategy and to seek
to ensure that the Trust's income requirements are met, and that long term capital Erowth is in line
with relevant indices. The TrLFStees normally hold investments for the long term. The endowment
assets of the Trust remain significant, and the Trust will continue to pay out to its Erantee partners in
accordance with the Trust's objects.
During the year, the Trust adopted a total return basis for budgeting its annual expenditure, providing
grantees with stable funding regardless of fluctuations in investment income. Although the capital
value decreased from £18,329,431 at 5 April 2024 to £16,745,137 at 5 April 2025 la decrease of 8.6Yo
the net unrestricted income for the year, after charging support costs, was £266,936, a decrease of
£44,540 compared to the previous year's figure of £311,476. The Trustees will continue to review this
approach.
Trustees regularly review investments of the Fund'5 endowment against environmental, social and
governance criteria. The Alan and Babette Sainsbury Charitable Fund has no segregated investments
in oil and gas and exposure to these areas in co-mingled funds will never exceed 5% of total
investments, but we aim for less than 1%.
For the period 6 April 2024 to 5 April 2025 the portfolio fell -4.4%, whilst the benchmark (ARC
Steady Growth PCI index) gained +3.2Yo over the same period. Equities account for 70.4% of the
portfolio with 10.8% in bonds. 13.2% in alternatives and 5.7% in cash.
Risk Assessment
The Trustees have examined the major strategic, business. and operational risks to which the Trust
may be exposed. Through the joint office of the Sainsbury Family Charitable Trusts, adequate
systems are in place to meet such potential risks a5 the Trustees have identified. such as maintaining
and reviewing an operational risk register on a quarterly basis.
The Trustees identified the uncertainty of financial retums to constitute the Trust's main financial risk.
This 15 mitigated by having a diversified financial portfolio under the management of a major
investment house. The Trustees regularly review the investment5 Strategy and monitor financial
performance.
Trustees review risk on each application for funding, including the financial health and governance of
applicant organisations. Trustees are increasingly committed to supporting groups that are overlooked
by donors, which may include unregistered charities. Trustees ensure that appropriate due diligence
checks are carried out by the Executive team before releasing funds. Risk mitigation approaches may
include funding an intermediary charity to hold funds on behalf of an unregistered Eroup.
Future Plans
The current Chair, in conjunction with the board, Executive and wider civil society. continues to
review the Trust's priorities to be relevant and to make an impact, particularly in the wake of
widening inequalities and global crises.

THE ALAN AND BABErrE SAINSBURY CHARITABLE FUND
5 Aprll 2025
Grants Approved
Grants approved during the year are analysed by number and byvalue In the categories set out below:
Grants
Approved
li
Refugee and Asylum Seekers
Intercommunity Dialogue
International
Disadvantaged young people in Southwark
General
Grand Total
£344,476
£135,575
£166,326
£186,033
E30,000
£862,410
23
REFUGEE AND ASYLUM SEEKERS-£344,476
The Charity funds Small. grassroots organi5ation5 led by refugee and asylum seekers provide direct
support and advice on immigration, housin& and benefits. Grants also support groups who effect
systemic change through strategic litigation or policy change. for example. Grants approved in this
category were as follows:
Bristol Refugee Right5
Children's Law Centre Northern Ireland
Coventry Asylum and Refugee Action Group
Ethnic Minorities Law Centre
JustRight Scotland
Migrant Actlon
Migrant5 Organise
Refugee and Asylum Participatory Action Research
IRAPARI
Southwark Law Centre
The Unity Project
Women Asylum SeekersTogether
£20,000
£47,288
£31,525
£31,525
£10,000
£31,525
£47,288
£31,525
£30,750
£31,525
£31,525
INTERCOMMUNITY DIALOGUE- £135,575
The Charity supports organisations that build bridges between communities through dialogue and
education.
Linking Network
Wiener Holocaust Library
Abraham Initiatives
£63.050
£31.525
£41,OC(I

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
S April 2025
INTERNATIONAL- £166,326
Our international funding prioritises organisations led from the majority world who are addressing
climate change and economic injustice. Grants approved in this category were:
Ashden Climate Solutions
Global Green grants Fund UK
Purp05eful
Womankind Worldwide
£30,750
£47,288
£41,000
£47.288
DISADVANTAGED YOUNG PEOPLE IN SOUTHWARK-£186,033
The Fund has historical links with Sovthwark as Sainsbury Plc's first headquarters were in the
borough. The charity works collaboratively with a range of trusts. foundations, and businesses to
support Southwark based groups and organisations addressing inequalitie5 in the borough. The
grants approved in this category were-
Bede House Association
Community Southwark
Future Men Iformerly Working with Men)
Southside Young Leaders Academy
£31.525
£82,OLK)
£47,288
£25,220
GENERAL- £30,000
The Sainsbury Archive
£30,000
Race Equality Audit and Actions
In early 2022, the Charity carried out a review of its grant-making and recruitment to reflect on how
the Fund can be equitable in its use of resources.
The Trust remains committed to learnlng, improving and being transparent about Diversity, Equity, and
Inclusion. As part of this journey, The Charity undertook an audit of its grant-making, using the Funders
for Race Equality Alliance toolkit, to understand which organisations in the portfolio are led by and for
people of Black. Asian, and Minority Ethnic people. This is an ongoing process, and the Charity will
continue to monitor the diversity of its grantee portfolio to inform its grant making practice.

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Law applicable to charities in Ellgland and Wales requires the trustee5 to prepare financial statements
for each financial year which give a true and fair view of the charity's financial activities during the
period and of its financial position at the end of the period. In preparing financial statements giving a
true and fair view, the trustees should follow best practice and:
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice
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 that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011. 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the Charity's web51te. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation In other jurisdictions
financial information included on the charity's website.
Approved by the Board of Trustees on Ilth November 2025 and signed on their behalf by
Ms Lindsey Anderson, Trustee

THE ALAN AND BABErrE SAINSBURY CHARITABLE FUND
5 April 2025
Independent Auditors, Reportto the Trustees of The Alan and Babette Sainsbury Charitable Fund
Opinion
We have audited the financial statements of The Alan and Babette Sainsbury Charitable Fund Ithe
'charity'l for the year ended 5 April 2025 which comprise the statement of financial activitles, balance
sheet, statement of cash flows and notes to the financial statements, including significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practicel.
In our opinion, the financial statements..
Give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its
incoming resources and application of resources, for the year then ended
Have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice
Have been prepared in accordance with the requirements of the Charities Act 2011
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
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.
Concluslons relating to golng 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 uncertaintie5 relating to
events or conditions that, individually or collectively, may cast significant doubt on The Alan and
Babette Sainsbury Charitable Fund'5 ability to continue as a going concern for a period of at least
twelve month5 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.

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 Aprll 2025
Other Information
The other information comprises the information included in the trustees, annual report, other than
the financial statements and our auditor's report thereon. The trustees are responsible for the other
information contained within the annual report. 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. Our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with
the financial staternents, or our knowledge obtained in the course of the audit or otherwise appears
to be materially mi55tated. 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 themselve5. 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion..
The information given in the trustees, annual report is inconsistent in any material respect with
the financial statements;
Sufficient accounting records have not been kept; or
The financial statements are not in agreement with the accounting records and returns; or
We have not received all the information and explanations we require for our audit
Responsibilities of trustees
As explained more fully in the statement of trustees. responsibilities set out in the tru5tees' annual
report, the trustees are responsible for the preparation of the financial statements and for being
satisfied that they 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, disclosin& 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.
Auditorf5 responsibilitie5 for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with regulation5 made under section 154 of that Act.
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 auditorfs report
10

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
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 IUKI will always detect a material mi55tatement
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 detectlng
irregularities, including fraud are Set out below.
Capability of the audit in detecting irregularlties
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, our procedures included the following..
We enquired of management and the board of trustees, which included obtaining and reviewing
5UPPOrting documentation, concerning the charit¢5 pollcies and procedures relating to..
Identifyin& evaluating, and complying with laws and regulations and whether they were
aware of any instances of non-compliance.
Detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected, or alleged fraud,.
The internal controls established to mitigate risks related to fraud or non-compliance with
laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the charity operates
in, focusing on those laws and regulations that had a material effect on the financial statements
or that had a fundamental effect on the operations of the charity from our professional and
sector experience.
We communicated applicable law5 and regulations throughout the audit team and remained alert
to any indications of non-compliance throughout the audit.
We revlewed any reports made to regulators.
We reviewed the financial statement disc105ure5 and tested these to supportin8 documentation
to assess compliance with applicable laws and regulations.
We performed analytical procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the
appropriateness of journal entries and other adjustments, assessed whether the judgements
made in making accounting estimate5 are indicative o* a potential bia5 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 irregularitie5,
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 involve5 intentional concealment, for8ery,
collusion, omission, or misrepresentation.

THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND
5 April 2025
A further description of our responsibilities is available on the Financial Reporting Council's website
at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees as a body, in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. 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 auditorfs 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.
Date= 17 November 2025
Sayer Vincent LLP, Statutory Auditor
Invicta House, 110 Golden Lane. London, ECIY OTG
Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006
12

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 5 APRIL 2025
Unremrfaed
Funds
Expethdable
Endowment
Total Funds Total Funds
2025
Notes
Incompfrom:
Investments
Bank deposlt Interest
365,983
33.597
365,983
33,597
371,￿0
36,937
Totsl InLome
399,580
399.580
408,7T/
Expendlture on:
Rèislngfunds..
Invesiment mana8ernent fEes
61,848
61.848
58,129
Choritoble ortlvity."
Gtsnt-making..
Grant Expendiiure
Gtsnt related support cost5
720.850
132,643
720.850
131643
699,(i0
97,301
Totsl Expenditure
853,493
61,848
915,341
85£430
Nei (expendI￿re) before V055esllEalrts On In%wm¢nts
1453,9131
161.8481
1515.7611
1445,6531
Net Ilossesll8alr*S on inve5trnent 8ssets'.
li
11,068,533)
11,068.5331
1,561,921
Transfers between funds
453,913
1453.913
Net movement in funds
11,584.2941
lJ,584,1941
1,116.268
REioncilittion of funds-.
Total funds brought forw3rd
Total fun¢Js £arried forward
247,516
247,516
18.081,915
16.497.621
18,329.431
16,745,137
17.213 163
18,329.431
All of the above results are derived from continuing activities. There were no other recognised gain5
or losses other than those stated above.
13

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 Apiil 2025
BALANCE SHE
AS AT5 APRIL2025
Notes
2025
2024
FIXED ASSETS
Tangible fixed assets
Investments
1.177
16,888,126
16,889,303
1.765 |
18.213.855
18.215.619
CURRENT ASSETS
Debtor5
Cash at bank and in hand
11,000
353,876
364,876
12.311
452,323
464.633
CURRENT LIABIUTIES
Creditors- amounts falling due within l year
io
509,0431
350,822
NET CURRENT ILIABILITIESIIASSETS
1144.1661
113,811
NET ASSETS
16 745 137
18 329,431
CAPITAL FUNDS
Expendable endowment
16.497,621
18,081,915
INCOME FUNDS
Unrestricted funds
li
247.516
247,516
16,745,137
18 329.431
The financial stataments were approved and authorised for issue by the Trustees on 11 November 2025
and were signed on their beh8lf by..
TRUSTEE
Ms Llndsey Anderson
14

THE ALAN AND BABETfE SAINSBURY CHARITABLE FUND
5 April 2025
CASH FLOW sfATEMENT
FOR THE YEAR ENDED 5 APRIL2025
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfiviTIES
2025
2024
Neteash used in operating a￿￿ttleS
1755.2211
(644,562)
Cash flowsfiorn investlng artivtties..
DlvSdends and interest from Investments
399,580
13,324.0821
4.605,110
1.680.608
408.777
{1.965,104J
1,361.521
1194,805)
Purchase of investrnents
Proceeds from Sale of investmÈnts
Net cash provided by Ilused In I In¥e5tlng activities
Change In ¢ash and cash equlvalents
925,386
1839,3671
Cash and cash equivalents brought forward
Cash and cash equNolent carrled fopward
576,361
1.501.747
1,415,727
576,361
Reconrlllatlon of net cash used In operntln8 actlvlties
202S
2024
Net movement in fund5 a5 per Stètement of Financlal Actlvlties
11.584.294)
1,116268
Dlvldends and interest frorn iThvestments
1399,5801
1.068,533
1408,7771
(1.561,921)
588
Gains on investments
Depreciètion
Decrease Ilincreasel in Debtors
Increa5ellDecrÈasel in Creditor5
588
1,311
20,885
188.395
{644562J
158,221
1755,2211
Chongeln yeur
2025
2024
Cash èt bank and in hand
Cash bal3n¢es held by investment manager for reinvestment
353,876
1,147,870
1,501,747
452.323
124,038
576.361
198 4471
1.023,832
925,586
15

THE ALAN AND BABETfE SAINSBURY CHARITABLE FUND
5 April 2025
NOTES TO THE ACCOUNTS
I CHARITABLE STATUS
The Alan and Babette Salnsbury Charltable Fund is an unincorporated charity (Charity registration number
2929301, registered in England and Wales. The address of the registered office is 5 Wilton Road, Lon(lon, SWIV
IAP.
2 PRINCIPAL ACCOUNTING POLICIES
a) Basls of preparation
The financial Statements have been prepared in accordance wlth 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 IFRS 1021- (Charities SORP FRS 1021,
The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act
2011.
The financial st8tements have been prepared to give a 'true and fair view, and have departed from the
Charitles IAccounts and Report51 Regulations 2008 only to the extent required to provide a 'true and fair view,.
This departure has involved following Accounting and Reportlng by Charktles preparing their accounts in
accordance with the Financial Reportlng Standard appliiable in the UK and Republic of Ireland IFR51021 rather
than the Accounting and Reporting by Charities.. Statement of Recommended Prartice effective from l April
2005 which has since been withdrawn.
The Trust constitutes a public benefit entity as defined by FRS 102.
Having assessed the Trust's financial position and plans for the foreseeable future, the Trustee5 are satisfied
that remains appropriate to prepare the financial stalements on the going concern basi5.
The endowment assets of the Trust remaln slgnlficant, and the Trust will continue to pay out to its beneficiaries
in accordance with the Trust's objects.
b) Income
Income is shown gross which includes the associated tax credit unless the tax so
deducted is considered irrecoverable.
Dividends are included by reference to their due dates.
Interest Is included when receivable.
16

THE ALAN AND BABEfTE SAINSBURY CHARITABLE FUND
S April 2025
Notes to the Accounts
2. Accounting Poll¢les (continued)
cl Expenditure on charltable activities
Expenditure is recognised once there is a legal or constructive obligation to make a payment
to a third party, it is probable that settlement will be required, and the amount of the
obligation can be measured reliably. Expenditure is classified under the following activity
heading5.
Costs of generating funds represent amounts paid to the Trust's external investment advisors.
Charitable activities expenditure comprises grants and donations awarded by the Trustees In
accordance with the criteria set out in the Trust Deed, together with grant related support
costs.
Grants payable are made to third parties in furtherance of the charity's objects. Single or
multi-year grants are accounted for when either the recipient has a reasonable expectation
that they will receive a grant and the trustees have agreed to pay the grant without condition,
or the recipient has a reasonable expectation that they will receive a grant and that any
condltion attaching to the grant is outside of the control of the charity.
The view of the trustees is that any instalments payable within 12 months of the reporting
date are expected to be paid regardless of the status of attached conditions and so these are
accrued. Any payments due in more than 12 months from the reporting date, where
conditions exist that have not been met at the reporting date, are not accrued but are
reported as an unaccrued future commitment Isee note 41.
Grant related support costs represent Staff, office and governance costs incurred in managing
the grant award programme. They include a share of the staff and office costs of the joint
office5 of the Sainsbury Family Charitable Trusts, which are allocated in proportion to the time
spent on Trust matters and grants paid.
C05t5 include a share of the staff and office costs of the joint offices of the Sainsbury Family
Charitable Trusts, which are allocated in proportion to the time spent on Trust matters and
grants paid.
dl Investments
Investment5 are a form of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at their fair value a5 at the balance sheet date
using the closing quoted market price. Any change in fair value will be recognised in the
Statement of financial activities. Investment gains and10sses, whether realised or unrealised.
are combined and shown in the heading "Net gains/llossesl on investments" in the statement
of financial activitie5. The charity does not acquire put options, derivative5 or other complex
financial instruments.
17

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
2. Accounting Policies (continued)
e) Depreciation
Fixed assets are depreciated at rates which reflect their useful life to the Trust. Items of
equipment are capitalised where the purchase price exceeds £5.000.
Leasehold improvements are depreciated over the outstanding life of the lease at the time
the work was completed. The following rates have been used:
Leasehold improvements- 7 year straight
Flnancial Instruments
The charity has financial a55ets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
At the balance sheet date, the charity held financial assets at fair value of £15,740,25612024'.
E18.089.8171.
gl Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three months or les5 from the date of acquisition or opening of the deposit
or similar account.
h) Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, which are described above, Trustees are
required to make judgements, estimates, assumptions about the carrying values of assets and
liabilities that are not readily apparent from other sources. The estimates and underlying
assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the
revision affects only that period, or in the period of the revision and future periods if the
revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty
affecting assets and liabilities at the balance sheet date are likely to result in a material
adjustment to their carrying amounts in the next financial year.
18

THE ALAN AND BABETfE SAINSBURY CHARITABLE FUND
5 April 2025
NOTES TO THE ACCOUNTS
INVESTMENT INCOME
Incomt retefved on Investments may be 3nalysed is follows..
2025
Fixed Interest
32,466
103,669
99.560
130,288
365.983
23,797
103379
88,045
156,619
371*40
UK equities
O¥et5pas equlties
ternatives
28%
28%
27
24%
35%
42%
loo%
loo%
GKANTS PAYABLE
1025
Re¢oncltfatton of8Antspayabl?-.
Commbtment5at 6 Aprll 2024
308,625
118,5
Grant5 Dot actr￿ed at 6April 2024
Grants approved inthe year
Grants not accruedat 5 April 2025
GAnts payable forthe period
112,025
862,410
12sa.5851
811,025
1112,0251
720.850
699.IX>D
Grants pald durin8the period
1588,OLK)I
1508.8751
Commitments at SApril 2025
441,475
308.625
Commltments at5Apr41 Z025are payable J5follo*s:
20Z5
2024
Within one yearlnote 101
441,475
308.635
Commitments
A list of Grants payable is included in Appendix A
In addition to the amount5 committed and accrued noted above, the Trustees have also
authorised certain grants which are subject to the recipient fulfilling certain conditions. The
total amount authorised but not accrued as expenditure at 5 April 2025 was £253.58512024:
£112.0251.
19

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
S April 2025
5. ALLOCAMON OFSLIPPORTCOSTS
2025
2Q25
2024
2024
rotol
Grnni- Governance
Makthg
Total
Allocaied
Gr(ssJt- Governance
Moklnq
Staff costs
Share of jolnroffitè costs
Dlrett Costs includin8tTrvel
Legal 3nd profe5SkinalfÉes
Depreciation
Auditor'5 remuneratton
94,879
19.188
3,905
2A80
588
1,96a
96,842
19,188
3,905
2,880
588
9,240
67,727
13.463
4,569
2,194
69,921
13.463
4569
588
5$8
&760
9,240
8,76Q
121.440
11,203
132,643
86,347
10.954
97?01
'Auditors remuneratlon excludin8 VAT- £7,70012024.. £7.3001
Durin8the year rbD trustee rtceivtd any remuneratlon fortheir 5ervice5 durinÈthe current yeir.
One trustee received£563 relmbursements for t￿Ve1 expense512024.. £NIII.
6. ANALYSIS OFSTAFFC05TS
Z025
2024
Salaries and wages
Social se¢urftycosts
Other pen5ioncosts
78.582
9,223
9.037
96A42
6.635
59,921
The Trust is one of the SalnsI￿ry Famlly CharitableTru5ts, whichshatt alolnt admlnlstrationatthe Rewsteredoffite.
0.7% 12024.. 0.6%1 of the total support and administTation costs of these trusts have been allotated to The Alan and Babette Sainsbury
Charitable Fund, Includin8 a proportionate share of the cost of employin8 thetotal numberof stsff servln8 In the office in 2025.
ThE actual number of staff employed durillg the perlod was 9,. all on a part-tirne ba515 (2024.. 61. Th15 Was equivalent to 1.08 full time
employee 12024". 0.971. rhe Trust ionsiders its key m3na8ement personnel tD iomprise the Prfn¢ipal Officers. The total emplownent
bEnefits, incluijiryernplvypr pension contrlbwions, of these p2rsonnel were £43,27112024.. E38.1731. No ernpioyee of the charity earned in
excessof £60,00012024.. 60,0001.
7. YANGIBLE FIXEDASSErs
Lea5thold Impmvements
2025
Z02
Cost
At 6 April 2024
D15PD5315
At 5April 2025
4,118
4,118
4.118
4.118
Deprttl8U(Jt)
Al 6 Awil 2024
Oi5PDsals
CharÉe for the perfod
At 5 April 2025
2.353
1.764
S88
2,941
588
Net Book Value
At S April 2025
1,177
1765
20

THE ALAN AND BABETfE SAINSBURY CHARITABLE FUND
5 Aprll 2025
8. FIXEDAS5￿ INVESTMENTS
2025
2024
Market val￿e 6 April 2024
Less.. disposals at proceeds
Add: Acquisition at cost
Net gains/ Ilossesl on investments
Mèrkètvaltse 5 April 2025
18,089,817
15,924.313
14,605,110) (1.361.521)
3.324.082
1,965,104
11,068,533)
1.561,921
15,740.256
18,089,817
Investment cash
1.147.870
124,038
Total Investments
16,888.126
18,213,855
The investments held as at 5 April 2025 were as follows..
2025
Market
Value
2024
Morket
Volue
Cost
Cost
Fixed Interest
1.634.310
1,535,634
9,003.611
2,059,632
10,ooD
1,670,836
2,391.921
9,630,622
2,036￿77
lo,￿0
1,539,687
1,895,110
8,688,836
2,793,935
10,000
1,659.740
3,017,010
10,925.216
2,477,851
10.OL
UK Equitles
Overseas Eouitie5
Alternatives
Social Investment
14,243,187
15,740.256
14,927,568
18,089,817
9. DEBTORS
2025
3024
Accrued income
11,000
12.311
11,00
12,311
10. CREDrroRS- amounts fallln8 due within onÈ year
2025
2024
Grants pay3ble within one year
Accruals
Other creditors
441.475
24,668
42,900
509.IM3
308,625
20,842
21.355
350.822
21

THE ALAN AND BABEThE SAINSBURY CHARITABLE FUND
5 April 2025
NOTES TO THE ACCOUNTS
11. ANALYSIS OF ASSEfs BEtWEEN FUNDS
Unrestricted
Funds
Expendable
Endowment
Totals
2025
Fund balantes at 5 April 2025 are represented by:
Tangible fixed assets
Investment5
1,177
16,888,126
1376.2531
115,4281
1,177
16,888,126
364,878
1509,0431
Current assets
741,131
1493,6151
Total nèt assets
247,516
16,497.621
16,745,137
Movement In the year
Opening balance as at 5 ApTII 2025
Total income and endowments
247,S16
399,580
18.081,915
18,329,431
399.580
161.8481
1853.4931
11,068,5331 11.068.533)
1453,9131
Cost of raising funds
Cost of grant-making
Net gains on investments
Transfers between funds
161,8481
1853,4931
453.913
Closlng balan￿ as at 5 April 2025
247.516
16,497.621
16,745,137
In the year under review, there was a transfer from expendable endowment of £453.91312024:
£387.5241 to Clear the deficit on unrestricted funds.
Unrestricted
Fund5
Expendable
Endowment
Totals
2024
Fund balances at 5 Aprll 2024 are represented by:
Tangible fixed a55ets
Investments
Current assets
Current liabilitles
1,765
18,213,855
1118.5031
115.2021
1,765
18,213,855
464,633
1350,8221
583,136
1335,6201
Total net assets
247,516
18.081,915
18.329.431
Movement in the year
Opening balance as at S April 2024
Total income and endowments
Cost of raising funds
C05t of grant-makin8
Net gains on investments
Transfers between funds
247.516
408,777
16,965,647
17,213,163
408,777
158,1291
1796,3011
1.561.921
158.1291
1796,3011
1,561,921
1387,5241
387.524
Closing balance as at 5 April 2024
247.516
18,081,915
18,329,431
22

THE ALAN AND BABErrE SAINSBURY CHARITABLE FUND
5 April Z025
12. RELATED PARTY TRANSAcfioNS
There were no related party transactions in the current or prior reporting period which
require disclosure.
13. STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 5 APRIL 2024
Unre5tri¢ted
Funds
Expendable
Endovmient
Total Funds
2024
Note5
Income from:
Investments
Bank deposit interest and other income
Total In¢ome
371,840
36,937
371,840
36,937
408,777
408,777
Expendi￿re on:
Raising funds..
Investment mt7nogementfees
58,129
Gront-making..
Grant expendlture
Grdnt related support Costs
699,000
97.301
699,000
97,301
Total Expendrture
796,301
58,129
854,430
Net lexpendlturel before gain5 on Investments
(387,524)
(58,129J
(445,653J
Net galns on investment assets:
li
1,561,921
1.561,921
Transfers betweèn funds
li
387,524
f387,524J
Net movement in funds
1,116,268
1,116,268
Reconciliation of funds..
Totullunds broughtforword
Total fund5 carried forward
247,516
247,516
16,965,647
18.081,915
17,213,163
18.329,431
23

THE ALAN AND BABErrE SAINSBURY CHARITABLE FUND
5 April 2025
Appendix A.
GIL4NT5 PAYABLE
The payabie in the perioilended 5
REFUGEE ANDA5YLUMSEEKERS
Brhtol Ref￿ee Right5
Chlldren's Law Cenire Northern I￿land
CIVIC Power Fun
CoventryAsylum and Refuyt A¢tion Group
Ethnic Minoritie5 Lzwtentre
JtsstRl£ht Scotland
Migrant Action
Migrants Organ￿e
N3tianS of Mlgration5 AwakeningthÈ Diaspora I￿OmAD)
RÈfu8ee andAsylum PartKipaloryktion Research IRAPAIII
Social Workerswithout Bordpfs
Southwark Law Centre
StudeniAciion for Refyes
The Unlty Prolect
WornenAsylum SeekersTo8ether
Work Rightscentre
INTERCOMMUNITY DIALOGUE
LinkingNetwork
iener Htslocaust Llbrary
Abr6ham Inltlatfves
INYERNAnONAL
A5hdÈnCllmate Solukions
Global G￿EnyantS FundUK
Putsx>s*ful
Womankind Woddwide
GEIJÉRAL
The SÈinsburythNve
DISADVANTAGEDVOVNGPEOPLE IN SOUTIMARK
Bedt Htt￿e Association
Communiiysouthwark
Ore3m Belle¥e Achieve IDBAICIC
EDtTean Communitycentre
Futvre Men Ifornierly Workingwilh Men)
Southsidè Youn8 Leader5kaderny
Totrl grants payab￿perstr¢eMenl￿ Flnanclal A(tl¥hle5
dl 2025con515ted of the follo*ffj'.
20,000.00
30.750.00
12,100.00
20.500.00
20.500.00
10.000.00
20.500.00
30,750.00
12.100.00
20.500.00
18.150 00
30.750.
lo.￿0.00
20.500.00
20.￿.00
12.1CQ.(
41,LVJO.
iO,LWJO.OD
41.OCQ.OD
30.7W.00
30.750.00
41.OW.00
30.750.00
6,1V).OD
20,50D.00
82,ODD.00
18,150.00
12,IOD.QO
30,750.00
16,400.00
720,850.00
24

THE ALAN AND BABErrE SAINSBURY CHARITABLE FUND
5 April 2025
The amount payab￿ the period ended &ALLLL4¢on$6ted Of the followi￿..
REFVGFÉ AND ASYLUM SEEKERS
Work Rights Centre
Southwark Rèlv8ee Communitie5 Forum
Refu8ee & Mierantcentre
studerrtAction for Refugees
Migrant Ctntre Nl
IAfrican Womèn's Group
CNIC PDwer Fund
RefuBee5 forluttice
Social Workerswithout Borders
Afghan Bri5tDI Community
Nationsof migrat￿n$ Awakenin8the Dla5pora INOMAOI
INTEACOMMUNITY DIALOGUE
New Israel Fund
21,OOD.00
30.OOD.00
30.000 00
25,000.00
20,000.00
31,5DD.00
21,OOD 00
7,500 00
31,500
10,000 00
21,000
80.000 00
10.000.00
70.000 00
20,l￿O.0o
30.￿0.00
TheAbrahèm Inltlative
SDlutlons Not Side5
Wydoer Holotausl Llbrary
Aciion
INTERNATIONAL
Turkey Mozaik Foundation
Network of Youthfor Sustainable lThtiative
FU￿ for Global Human Rights
5ucce55 Capital Organlsation
GENEKAL
The SainsburyArchive
DISADVANTAGED YOUP4G PEOPLE IN 50UTWIARK
Bede Hou5eJtssDciètitsn
lrnon Yovth C2ntre
Dream Belie￿ Achieve IDBAICIC
Clearvtew Reseirth Ltd
TheAdvoca¢yA¢ademy
Football Joumeys
Eritrean Communlt¥Centre
Total Érants payèble per 51aiement of Fiwntial ACt￿lt￿5
20.000.00
10.WO.00
20.OM.thJ
10.DW.fKI
10.OW.CWJ
15.OW.OD
45,QW.00
31,5W.00
42,OW.00
21,OOD 00
15.OOD 00
21,000.00
699,0(W.00
25