REGISTERED CHARITY YUMBER: 294880 Report ofthe TrnBteu WMI Fkn*nclal Statements for the YeAr End¢d 5th Aprll 2024 for The Alan Sugar Foundadon C(w Paul Stattrt(Yy Auditors Abacus Ho¢ 1¢18 Forest Road Lougbt IGIO IDX
The Aln Sugar FouDdattOD Contents of th¢ FioaDelal St8tements for the Year Ended 5th April 2024 Page Rel ofthe Tre¢l 1 kn 3 Report orth¢ Independent Audhors 4 to 7 ststemtn¢ of FID8n¢lal A¢dde1 Balanee Sheet Cagh Flow StAtement io Notu to the Caih Flow Sl•temeDt li Note• ¢0 the Flnntl41 St•teJDeDts 12 to 17 Detalled StsiemeDt of Flnan¢lal A¢llde$ 18
The Alan Sugar Foundailon Report of the Trn5te ror the Year Ended 5th April 21)24 The trUet5 prtsent their with the fina181 sthtements of th¢ tharity f the year 5th April 2024. The tSte have adoptcd the provisions of Ac¢ounting and Rewning by Charities: Statement of Re¢omend Pradi¢¢ applicable to ch8riti¢s preparing their accounts in accordance vlith the FinaJ)ciai R¢portiDg Standard applicable in the UK and RUbliC of treland (FRS 102) {effective l January 2019}. OWECTIVES AND AcfIviTIES ObJe¢dves and alm8 The objective of th¢ charity 15 lo orthte as a 8u)ttal grant-making tnL8t wlwcby the tnte¢S make charitable donations to oiher chaTitie5. CuTr¢ntly the tru5tecs wifically focus on Organition8 which Ca out work for children. the elderly and the dlsadvantaged in wiety. FINANCIAL REVIEW Revlew of the developmenL aedvldts achl¢vemtMts dllrlng the y¢4r In the year ended 5 April 2024 the charity r¢ttived d(tiOnS of £nil (2023: £6,4(X),000) and recovered tax on these donalions of £nil (2023: £1,6(Y).(YXl). Th¢ ¢barity plactt funds with 'frontline" charities, the oims of the charity can k more efficiently by providin8 fimding to the expuienccd professionals within the sector, and made £1,015.(K)0 (2023: £921.000) of placanethts in the Yr. Costs Temaind Mini durin8 the ye4r. Revkw oftrallwtloDi •nd flnn¢lAI P1hll The charity is primarily Sup1ed by Lord Sugar and his family who eithcr directly or indirectly w)vide most of the funding required to mttt Ihe Charity's objcctivc. There are no restrictions plarxd on any donations made to the tn1. The trusttts are satisfied that the currcnl level of reserv¢s is £6.228.371 attd this will k held lo make future wl3 and to cover the (watin8 costs of the chaTity. Investment pollcy and objectl The trust dccd of the charity PTovid¢s wide powthy of inv¢s¢mffll. FUTURE PLANS Consideration has b¢¢n given to publtc benefil wuidance issued by the Charilies Commission and the trustce have made a decision f(Ku8 the charity's activiti¢5 on supportin8 rwsicrcd Chariti mainIy involved in th¢ Srtial, edu¢ation81 and health sectors" bui this Supp is noi restricted lo people in poverty. Additionally, grnnts are primarily focused on th¢ South Easi where the charity Opte5 but is not restricted lo this r¢8ion. Unfortunately. this decision means that we cannot support all of the num$ applications for fillJdin8 that we receive and that any unsolicited appIltiOnS will invaTiably k refused. A notice of this has been posted with the Charities Commissi. The tnJ8tee4 remain ¢onfident that the groundwork th&t has been drn¢ in the w togetlkr with our self impjsa limitati(w will enable us to brtng about success to the past prOjts and continue to support any filture projects. STRUURE, GOVERNANCE AND MAYACEMENT Govtrnlng document Th¢ chlty 18 controlled by its 8ov¢rning dcrlln¢nL a deed of truyt and constitutes an unincory>(nd charity. Charlty eonitltution The chaTily was fontt as a under a trst dced dat¢d 23 May 1986. Page I
The Al SugAr Foundatlon Report of the Teel for the Year Ended 5th Aprll 2024 STRU11 GOVERNANCE AND MAY4AGELklENT Recrultment and ppolntment of Dew trnst¢e8 The povler of apwinting new or addition&1 trsleeS remains with Lord Alan Sugar during his lifetime. Th¢ tn1¢¢8 are satisfied that they are apFW(iatrly qu1r1ed and trained &$ trustees. Related partkg Th¢r¢ are no dirrLt or indir¢ relationships IKtw¢¢n The Alan Sugar FrAdation and any rectpients of ¢haritsbl¢ donation8 or organisati(. Rlsk mangem¢nt The trustees hav¢ ¢onsid¢red the major risks rIll8 the clthrity and belicve expU[C lo ir minimal. REFEREN'CE AND ADMINISTRATIVE DETAILS R¢glstered Chrlty Dwnber 294880 Prln¢lpl Addru• Amshold House Goldin8s Hill Lou8hton Essex IGIO 2RW Trn*teea A M Sugar C T Sandy S Sugar D P Sugar L J Sugar Audlto C(M)p¢r Paul story Auditors Aba¢u8 House 14-18 Forest Road )ughton IGIO IDX Sollcttors Edwards Duthie Solicitors Bank Hous¢ 269-275 CranlMk Road Ilford Essex IGI 4TG Pag¢ 2
The AiaD Sugu Found•tlon Rep)rt of the Trnstees for the Year Ended 5th April 2024 STATEMEYT OF TRUSTEES. RESPONSIBILITIES The tsusiccs are reswjnsible for preparing th¢ of the Trustees the financial $tstem¢nts in aordance with appli¢abl¢ law and Unit¢d Kingdom ALting Stsndards (Unital Kin8dom Generally AccepteA AoUn11n8 Prncti¢e). The law applicable to charities in Eogland and Wales. t Charitia Act 2011, ChaTity {Accounls and ReIx)rts) Re8ulations 2008 and the provision8 of thc tr¢ deed require8 ihe trust¢es to pr¢pare financial ststements for each fuw)¢ial y¢or which give a true and fair view of the state of affairs of the charity and of the in¢oming resou¢¥ and application of resourtts, including the income and ¢xpayJituTr, of the cbarity for that period. In pryaring th0 financial stst¢m¢nls, the trustea4 aTe required lo select suitable accounting wlicieb and then apply them con8i81a)tlyy observe the methods and principles in th¢ Chariry SORP. mak¢ judgements and e8tim8lcs that arc reasonable and pnthL' tate whether applicable accouniin8 Standards bave be¢D followe4 subjed any material dep8rtUTe4 disclosed and ¢xplained ID the financial swements. prepare the financial statemenls on the 80in8 concern b1$ unless it 18 inaFvro]rriat¢ to prcsumc that the charity will continu¢ in bu8ineu. The trusttt$ ar¢ r¢sp)n5ibl¢ fcf keepin8 proper accounting re which disc1{ with rea80nabl¢ accuracy at any time the finan¢ial sItion of the charity aThl io enable them to etL8ure tho1 thc financial slalements comply with the Charities Aci 2011, the Charity {A¢¢ounts and Reps) R¢gul&tions 2008 and the provisions of the deed. They arc Also responsible for safeguarding the a$5cts of the charity and h¢¢ for taking reasonable steps for the wevention and dC¢tiOn of and h¢r irrc8ularities. Approved by ord¢r of the iKArd of tru8tee5 29th Jamw 2025 and 8i8n¢d on its behalf by. C T Sandy- TTU8tee Page 3
Report of the Independent Audltors to the Trnstees of The Alan Sugar FoulldatloD Oplnlon We have audiicd the financial sthtcmthts of The Alan Sugar Foundation (the 'chariry? for the year endryl 5th April 2024 wbi¢h ¢omprise the Statement of Financial Activiti¢s. the B&lance Sheet, the Cash Flow Statement and notes lo the fllwi¢ial stslements. including a SUMM of SI)rICant accounting policies. The rtDan¢ial rep(rting framew(xk that has been applied in th¢ir prepardtion is applicable law Uniicd Kingdom Accountin8 Stsndards (unli Kingdom Generally Accountin8 Practice). In our opinion the financial sla¢ancnts: 8iv¢ a true &nd fair view of the slate of the charitys affaxrs as at 5th Apil 2024 and of its inming r¢50U and appli¢ati(n of re80urccs, for the year then ¢nded. . have been properly preparryl in accordae with United Kin8drni Gcncrally Accq)ted Accounting Practice. have ken prepared in accordaD¢e with the requireMts of thc Charitiu Act 2011. Ba818 for oplulon We conducted ow audit in accordantt with International Stsndards on Auditin8 (UK) (ISAS (UK)) and applicable law. Our resFx)nsibilities under th09e Sthndards arc further d¢SIbed in the Auditor8, r¢8ponsibilitie8 for ihe awjit of th¢ financial siaiements section of our rewrt. We are Indedent of ihc charity in accordance with ihe ethi¢al requirements that are relev8ni io our audit of the financial $thian¢nts in the UL in¢lvding the FRC'S Eihical Standard, and wc hav¢ fulfilled our other ethic41 reswnsibilities in accordan with these requirLYnent8. We b¢li¢vc that the audit evid¢nc¢ we have obtsined is sufficiuAI and appropriate to provide basis for our opinion. Con¢luilon• re]athig to goln8 ¢on¢ern In auditing the financial statements. wc have Concl thal th¢ tn18, u8e of the going concern ba818 of aeeounli08 in the preparation of thc fmancial 5tatemfflls 18 appropriate. Based on the work we hve pwformed. we have not idenlified nwluial uncertainties relating to events or ¢(mdilions that, individually or collwtively, may cast SI11r1¢&Dl doubt on the tharit8 abiltry to continue as oing concern for a ptti(NJ of ai least twelve months from wlKn the financial 8talements are thOrI8 for issue. Ow re8w)nsibililiu and the responsibilities of th¢ trusteu with TNp¢cI to goin8 concern are d¢wib¢d in the relevant 8¢¢1ion5 of this TeFK)rt. Other Informatlon The tru8tees are responsible for the other infmation. The other inforntiOn comprises the infomation inelud in the Annual Report, other ihan the financial sthtements and our Report of the Jndependent Auditors thereon. Our opinion on the financi81 Stslcments doe8 not cover the othtt inforn)ation an¢ excepi to the cxtent othenYis¢ explicitly stated in ow rcwrt, we th) not ¢xpr¢8s any forni of assurance conclusion th¢rcotL In connection with our audit of the finla1 statements. our rworksibility is to read the other infornialion and, iti doing so. consider whether the other inforn)ation is mat¢rially in¢on5islellt with the financial stalements or our knowled8¢ obtained in the audit or oth¢rwi8e appears to be malalIY missthted. If we identify such material in¢onsislencies or appar¢nt materi81 misstatements. we a required to detcnnine wheiher this gives rise lo a material misstatement irt the finan¢ia] Sthlements themselva. If, based on the work we hve perfonncd, w¢ conclude that there 18 a mer1d1 rnisstatement of this other infornMti0 we are rwiT] to report that fact. We have nothing lo rcport in this regar Page 4
Report of the Independent Alldltors to the Tru8tee8 of The Alan Sugar FouDd*tlon Matters on whkh we t rtqUiTed to report by CeptiOn We hav¢ nothing to report in r¢sp¢¢i of the following mattws vthere the ChltieS (AcCts and Reports) Re8ulations 2¢X)8 r¢quires us lo reFx)rt to you if. in our opinion: the infoTmation given in the Rel of the Tn1¢¢8 is Inc81stent in any tDaterial respect with the financial statements. or $uffi¢ient &¢countitL8 records have not been kepL or thc financial staicments are not in agr¢¢moyi with the aceounting r¢wrd8 and returDS; or we have nol reL%ived all the inforn]ation and explanatiow we Tequire for OUT audit. Re$pon81bilities of trusle As explain¢d more fvIIy ID the Statement of T18, Respinsibilities. the truste¢s arc respon311)le for the pr¢poration of the fllwicial sthtements whi¢h giv¢ a true and fair view. and for such internal control as th¢ Irustce8 detern]in¢ 18 necessary to enabl¢ the Freparation of financial S10¢ants that are fite from material misslat¢menL whether to fraud or m. In prcparing the financial siatements, the lnle¢S are resp)nsible for asswing the charitys ability to continu¢ a8 a goia¥ concern. disclosing. applicable. matters related to going concern and usin8 the goins ncern b8818 of accounting unless the tnLe¢S eithLY intend to liquidaie the charity or to ceas¢ opcralions, or have no Tealisli¢ &liernaliv¢ but ¢0 do so. Pagc 5
Report of the Independent Audltors to the Trn8tee5 of
Th¢ Alxll Sugar Fonnd•tlon
Our re#ponslbllAdes for the audit of the fkn#tt¢i#l statements
We have been appointed as audir5 undcr Section 144 of the Charities Act 2011 and r¢Ex)rt in accordance with
the A¢1 and rd¢vanl rcgvlations made or haTring eff¢ thereunder.
OLf objc¢tives are to olkain reasimable aww4nc¢ aiwt whether thc financial statements as a whol¢ arc free
from material misstatement. whether lo fraud or ¢tror. and issue a Rq of th¢ Inthpendenl Auditors that
includ¢s our opinion. Reasonable a&sUrae is a high level of assurance. bul is not a warantee that an audit
ndU¢1 in accordance with ISA8 (UK) will always detect A m&tuial misstatement when it exists.
Mis8¢aiernents can arise from fraud (r CTTof and are considered material if, individually or in the aggregate. they
could reasonably rxpxted to influencc the econo¢ decigions of uscrs tak¢n on the basis of these financial
8l&tem¢nts.
The ext¢nt lo which our preth are capabl¢ of thte¢tin8 irregulaTities, includio¥ fraud is detail below:
Our approach to identifyin8 aod o88e88ing the riiks of malerial misststan1 in rw of irre8ularitie8,
including fraud and non•compl1at with law5 and rcgulatiotLq. Was as follows..
ur ¢n8a8ement partner cn3uTed that the cn8a8ement team lIlIlY had the appropriatc wmpe¢ence,
apabilities and skills to ideniify rr re¢Olse non-eomplian¢¢ with I11¢ab]e laws and regulaiions.
-we identified the laws and r¢gulations applicable to the chariiy througb discussions with mana8emen( and from
our knowledge and experiencc of charity operations.
-wc focused on specific laws and regulations which w¢ wn8idued may have a dirttt marial c£fecl on the
financial statem¢nl$ or the 0tiOnS of the charity. including such as the Charities Act 2011, dat& protection,
anti.bribery. ¢mploym¢n( enNircw¢ntal and health and safety legislation:
-we assessed thc extent of compliance with the laws and resulalions identified above through making enquiries
of management and irlspting legal corrwdenc¢' and
-identif1ed laws and regulations were communiced within th¢ audit Icam regularly and the team r¢mained alert
to instance8 of non
fjf•ur Yert This Ywi 18 tllade lo th chariiys • Ity. in with Pw¢ 4 of th¢ a*iti (A¢¢owLts tod Rep(ts) 2CiK8. Our audtt V4wk beth that mitht ttate w the Cooptr Paul SiitsJithyAudit(Y• Ab8¢us H 1418 Fore# Ro L¢ IGIO JDX 29th 21Q5 P4F7
The Alan SDEar Foundatlon Statement of Flnancial Activldes for the Year Ended 5th Aprll 2024 2024 ullrestri 2023 Totsl Not¢s INCOME AND EI)OWEs FROM Donations and l¢ga¢ies 8.(KKJ,O(K) Inve8tm¢nl inwme 349 624 Totsl EXPEN'DITURE ON Raising fimds 6,008 Ch*rftable activltl Grants 1015 000 Totsl NET INCOMFJ{EXPENDITURE) (670,380) 7,072,992 RECONCILIATION OF FUNDS Toi&l funds brou8hi forward 7,078,043 5,051 TOTAL FUNDS CARIUED FORWARD 7 078 043 The notes forni PArt of these finanGial 5tatcmeDts Page 8
The Alan Sugar Foundatlom 5th Aprll 2024 2024 2023 Total cuRRET ASSETS D¢btors Cash at bank 179,292 6233371 7 714 043 6,412,663 7.714.043 CREDITORS Amounts falling due within one year io (5,IKK)) {636,000) NET CURREYL T ASSETS 6 407 663 7 078 043 TOTAL ASSETS LESS CURRENT LIABILITIES 6,407,663 7,078,043 NET ASSETS 6 407 663 7 078 043 FUNDS UnrcBtriclcd fjJnd8 6,407,663 7,078,043 TOTAL FUNDS 6 407 663 7 078 043 The financial Statements were apryoved by the B(rd of Tru8ttt8 and adriSed for i89ue on 29th J8nu8ry 2025 and were Sied on its behalf by. C T Sandy- Trustee The notes forni W of thtse financia] 5taments Page 9
The Aln Sugar Foundadon Cash Flow Statement ror the Year Ended Sth Apru 2024 2024 2023 Notes Caih Ilows from operAtlng aedvltles Cash generated from operatiofys 96 7 708 992 Net cash (used inyprovidul by operating activities 96 7 708 992 Cash floiv• from InveBtlng acdvldes Interest received Net cash 3xovided by investin8 athivities Chilly ID cub and ¢ih equfvAkthts In the reportln8 p¢rlod Cash and cash ¢qulv#lents at the be8lnnlng of th¢ r¢portln8 perlod (1.480.672) 7,708,992 7 714043 Cgsh cu5b equlvalen¢• at the end of the reportlng perlod 7 714043 The notes forni Ixrt of these fiDancial statements PaBe 10
The Alan Sugar Fommdathbn Notes to the CAsb Flow St*tement for the Year Ended 5th April 2024 RECONCJt.IATION OF IEXPLNDITLTREYIYCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net {expenditureyln¢ome for the Trportkng perlod per the StAtement of Fitianelal Acdvltks) AdJvstmeDts for: Interwt received Increase in debtors (Decreas¢yin¢rease in rreditors {670,380) 7,072,992 (349.624) (179292} Ntt ea•h Inyprovlded by operathbn• 1830 296) 7 708 992 ANALYSJS OF CHANGES IN NET FUNDS At 614123 Cash flow At 514124 Net ¢a#h Cash at bank 7,714.043 1480,672 6233,371 7,714.043 1480,672 6 233,371 Totst 6 233 371 The notes forn) pmrt of these financial thtements Pag¢ll
Tht Al Supr Fowidath)n Notes to the FlnnelAI Statements for the Yer Ended 5th April 2024 ACCOUNTknYC POLICIES Ba818 of prepArlng the fin¢14} st4tements The financial stalemcnls of the charity. which 1$ a public benefit entity utth FRS 102. hve be¢ prepared in Ordance with the Charities SORP (FRS 102) 'AccouDtin8 and Reporting by Charities.. Statcmcnt of Recornttded Practice applicable to tharities ptcparing their OuntS in ac£ordan¢e with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland (FRS 102) (eff¢¢live I January 20I9)'. Financial Rewing Standard 102 Tr Financial Reporting Standard appli¢able in the UK and Republic of Ireland. and the Charities kn 2011. The fllIal41 stsl¢m¢nts have been prepared und¢r the historical ¢051 convention. Income All in¢om¢ is r¢1$&1 in the Sthtement of Finawial Activities once the Charity h&s ¢nlitlemcnl lo the funds, it is probable that the income will be re¢¢ived the allt can Ix measurol reliably. E4Jendlture Liabilitics arc rwisuj &8 expenditwe as there is a legal or cAXL8tnlyc obligati( committing the charity to that expenditu it is Probable that a trartsfer of ewiomi¢ b¢n¢fits will b¢ required in settlemenl and the amounl of Ihc obligation bc m¢asur•l reliably. Expenditure is account¢d for on an anlS basi8 and has been classified undff he4din89 thai agwrgate all cost related ro the category. Where c08ts cannot be diredly altribuled to pfirticular headin8s ily have beffl allocated tcTr activiti¢s on basis eonsisteot with the u8e of resourc¢s. Granis offered subjeLt to ¢(mditions which have bern mcl at the year end date 8re noted 88 commitmenl but not accrued as expen¢JiWr¢. T*x#llon The charity 18 ex¢inpl from tax on its tharitsble a¢tivitie8. Fund g¢¢oyntln8 Unreslrict¢d funds ¢an be in a¢¢(KdaKe with the clwitabl¢ obifxtives al the discretion of the truste¢s. Restricted ndS wi only be u8ed for p#rticST ra%tricted Purpo within the obiKts of the charity. RestrithioTL8 arise when spwifi¢d by the donor or when fimds are rai8¢d for particular restricted pUrSe8. Further explanation of the natwe and of each fimd ij included in the notes to the finrIa] Jtat¢ments. Page 12 continued...
The Alan Sugar Foundldon Notes to the Fkn*neI StAtements- continued for th¢ Ytar Ended 5th Aprll 21b24 DOIIATIONS AND LEGACIES 2024 2023 Donalions INVESTMENT INCOMK 2024 2023 DeEx)sit account inth8t 349 624 RAISING FUNDS Ralsing donatlom and legAcks 2024 2023 SuPrt costs CHARtTABLE ACTIVITIES COSTS Grant fundtn8 of activiti¢$ {stt note 6) Grants lo150 GiiLYfs PAYABLE 2024 2023 The total 8rants paid to iwtitirtions duTin8 the year was as follows: 2024 2023 Chigwell Symagogue and Community Hall Great Orniond Street Ho8pitsI British Red Cros$ Jewish Car¢ Redbridge Proj¢ Solidality Sport Charity Ki81]aron Langdon 9.000 li,( lo.() i.(M)O,O(KJ iO,O(M) 921000 Page 13 ntinued...
The AIAD Sugar Foundg¢lon Note• to the Finantial Statements- ¢ondnued for the Year Ended Sth April 2024 SUPPORT COSTS Governance FiDanc Toials Raisin8 donation8 and l¢gacic5 TRUSTEESI REMUNERATION AND BENEFITS There were no trustKS' Temuneration LY other benefits for the year ended 5th Awil 2024 nor f(Y the year ended 5th April 2023. Trn8tett' exptn8 There wer¢ no tru5tee4' cxpenK8 paid for the year ethl 5th April 2024 nor for th¢ y¢4r ended 5th ApTiI 2023. COMPARATIVES FOR THE STATEMENf OF FIIY AI¥CIAL A1VrrIEs Unrestrieted fund INCOME LYD ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raisin8 fiu 6,008 Charltable aCtltIeS Grants Totsl Y4ET IY4COME 7,072,992 RECONCILIATIO,S OF FUhl)S Tolal funds broughi forward 5,051 TOTAL FUNDS CARRIED FORWARD 7 078 043 Page 14 continud..
The Alan Sngr Found•tknn Ot to the Fln2n¢lal Statennts- ¢onthiued for the Ye*r Ended 5th Aprll 2024 10. CREDrroRS: AMOUNTS FAILING DUE WJTHtN ONE YEAR 2024 2023 Other Grcditors 5.OIXI I I. MOVEMENT IN FUNDS Net movement in fundy Ai 514124 At fg4123 Unrestrlcted fund8 G¢neral fund 7,078.043 (670.380) 6,407,663 TOTAL FUNDS 670 380 7 078 043 6 407 663 Net mov¢ment in funds, included in the aknve aff as follows: In¢omin8 RL7ourK8 Movemen¢ expended in funds Unrestrlcted fund8 General fund 349,624 {1,020.0(M) (670.380) TOTAL FUNDS 670 380 Comp•ratlvei for mov¢m¢llt th fundj Net mov¢m¢nl in funds At 514123 At 614122 Unrestrl¢ted fundi Gcneral fund 5,051 7,072,992 7.078.043 TOTAL FULYDS 7 072 992 7 078 043 Page 15 continual...
The ARAn Foundatlon L%otei to tbe FlnaDeial Statements- eontknued for the Year Ended Sth Aprll 2024 11. MOVEMENT Th FU,YDS- ¢OAtlnlled Comparative nct tnovement in fid& in¢lth ID the aix)ve are as follom: tncomin8 Resources Movement ¢xp¢nded in fund8 Unrestrlcted fundi General fijnd 8,(YK).(KM) (927,008) 7,072,992 TOTAL FUNDS 8 IXJO (Krf) 7 072 992 927 008 A curreni yw 12 month3 and prior yw 12 months combined position 18 88 follows: Nd movement in fimd8 At 514124 At 614122 Unrestrlcted fundi General fund 5.051 6.402.612 6,407,663 TOTAL FUNDS 6402 612 6 407 663 A current year 12 months and prior year 12 month8 combined net movement in fijnds, inclth in the above are as follows: Incoming Resources Movement in fillKIs iinrestrlcted ftsndi (3cneral fund 8,349,624 (1,947,012) 6,402,612 TOTAL FL'NDS 8 349 624 1,947 012 6 402 612 Page 16 continued...
The Alan Sugar Foundatlon 14ote¥ to the Flllallci Staten*nts- conthiued for the Year Ended 5th April 2024 12. OTHER FINyc1AL COhLmITs The Charity is conllnitted to makin8 fikn payments totalling £6m to the Jewish Care Redbridgc Project. 13. RELATED PARTY DISCLOSIJRES There were no lated paty tr8nsaction8 for th¢ year axled 5th April 2024. Page 17
The Al Sugar Foundadon I)etalled StstemeDt of Flnallclal Attlvitiej ror the Year Ended 5th April 2024 2024 2023 INCOME AND ENDOWIIENTS Doll*llons and l¢g4¢k8 Donations 8,000.CM)Q Inveitment income Deposlt account inl¢Tt 349 624 Total In¢omlng rewllrcei 349,624 8,C(rf).000 EXPENDITLRE Ch#rlt8ble a¢llvltle• Grants to in8tituti0s 1,015.000 921,CK)O Flnanee Bank char Covern4n¢e costs Audiiors, remU[atiOn Tolal resources expended 927 008 Net {exptndltureyth¢ome 670 380 7 072 992 This page not forni pth of the siatutw financial 8talanents Pagc 18