REGISTERED CIIARITY NUMBEIL. 294880 Report of the Trustees and Financial StstsmeDts for tb¢ Year Ended 5th Apiil 2025 for The Alan Sugar Follndation Cooper Paul Ststory Auditors Abacus Ilouse 14-18 Forest Road Loughton Ets'sex IGIO IDX
The Alan Sugar Foundation Contents ofthe FiDan¢i41 Sl4¢ements for the Year Ended 5th April 2025 Page Repor¢ of the Truste¢9 I to 3 Report of the Independent Auditors Statement of FiD4D¢ial Activities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement Notes to the Flnantlal Ststsments 12 to 17 Detailed Statement of Finaneial Activities 18
The Alan SDgYdr Foundation Report of the Trustees for the Year Ended 5th April 2025 Th¢ trustces present their rep)rt with the fmancial statem¢nts of the charity for the year ended 5th April 2025. Th¢ trustees have adopted the provisions of Accounting and R¢porting by Charities.. Sialement of Recommended Practice applicable to clwities pr¢paring their acwunts in accordance with the Financial Reporting Stsndard applicable in th¢ UK and Republic of IrelarLd (FRS 102) (effective l January 2019). ORIFCTIVES AND ACtIVTIIES Objectives and aims The objective of the charity is to operate as a general grant-making trusl whereby th¢ trustees make chaTitable dollations to other charities. Currendy the trusl¢¢s SplFICAllY focus on organisations which carry out work foT children. th¢ elderly and the disadvontaged in society. FINANCIAL REVIEW Review of the development, Aelivi¢ies and achievements during tbe year tn th¢ year ended 5 April 2025 the charity received donations of £1,287.500 (2024.. £Nil) and recovered tax on thcs¢ donations of £150,000 (2024: £Nil). Th¢ charity pla¢¢s funds with "frotrtline" charities, as the aims of the charity tian be more efficiently met by providing funding to the experien¢¢d professionals within the sector, and made £6,100,000 (2024: £1.Q15.000} of placem¢nls in the year. Costs remained minin1 during the year. Rcview of transactions 8nd finpdnciai position I"he chartty is primarily supported by Lord Sugar and his family who either directly or indirectly provide most ol the funding required to meet the charitys objective. TkLere are no Testrictions placed on any donations made to the trust. The trustees are satisfid tbat the current level of res¢rve5 is £1,968.713 and this will be held to rrLake future grants and to cover the operating costs of the ¢harity. Investment policy objediv The trust decd of the charity provides wide powers of investment. FUTURE PLANS Consideration has been given to public benefit guidance issu¢d by the Chariti¢s Commission and the tsustees hav¢ made a deoision to focus th¢ charity's a¢tlVLti¢s on supporting re8iStered chaTilies mainly involved in the Soci, educational and health sectors. but this support is not restricted to p¢ople ID poverty. Additionally, grants are primarily fouused on the South East where th¢ charty operat¢s but is not restricted to this region. Unfortunately, this decision means that we cannot support all of the numerous applications for funding that we reLeive aE]d that any unsolicited applications will invariably be refused. A notice of this has been posted with the Chariti¢s Commission. The trustees r¢maiD confident that the wundwork that has been done in the past together Tryith OUT self imposed limitations will enable us to bring IOut success to thc past projects and contivtue to support any tiiture projeL'ts. 8TRUCTUTrE, GOVERNANCE AND MANAGEMEh Govertting dUment The chariry is Lontroll¢d by it5 gov¢rning do¢umcnL a ded of trust and Constit¢S an unin¢orp)rated charity. Charity constitution The charity was fonned as a trust under a trust deed daled 23 May 1986. Page I
The Al Sugar Foundalion Report of the Try$tees ror the Year Ended 5th April 2025 STRUCTURE, GOVERNANCE AND MANAGEMENr Recruitment appointment of new trn$tees The power of appointing new or additional trustses remains with Lord Alan Sugar durin8 his lifetime. The trust¢¢s are sati5fi¢d that they are appropriatety qualified and trained as tne¢s. Related parties There are no direct or indirect relationships b¢tw¢¢n The Alan Suw Foundation and any recipients of charitable donations or organisatTrons. Risk management The truslees have considered th¢ Jnajor risks facing the clwity and believe exposure to be minimal. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Charity number 294880 Principal Addre3S Amshold House Goldings Hill IA)ughton Essex IG102RW Trustees A M Sugar C T Sandy S Sugar D P Sugar L J SugaT Auditors Cooper Paul Statutory Auditors Abaeus House 14-18 Forest Road Lougbton Essex IGIO IDX Solicitors Edw8rds Duthie Solicitors Batk House 269-275 Cranbrook Road llford Essex IGI 4TG STATEMEiYf OF TRUSTEES, RESPONSIBILrrIES 'I'he trustees are resrK)nsible for prcparing the Report of th¢ Trustees and the fllwicial ateMentS in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢nerdlly Accepted Accounting Practice). Page 2
The Alan Sugar Foundation Report of the Trustees for the Year Ended 5th April 2025 STATEMENT OF TRUSTEES, RESPONSIBtLITIES- conlillued Charity law requires the trustees to prepare financial statements for each financial year. Under that Law. Ib¢ trustees have elected to prq)ar¢ the financial slatements in OrdanCe with United Kingdom Generally Accepted AOunting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approv¢ the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of thc incomin8 resources and application of resources, including the income and expenditure, of the charily for that period. kn preparing those fllwicial statenlents. the trLLStee5 are required to sel¢¢t suitable accounting policies and then apply them consistently: observe the methods and principles in th¢ ChaTiti¢s SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards hav¢ been followed, subject to any material departur¢s disclosed and explained in the financial statements: prepare the fman¢ial statements on the going concern basis unless it is inappropriate to presume that th¢ ¢harity will continue in busin&ss. The trustees responsibl¢ for keeping proper ¢0ltIng TOrdS whi¢h disclose with reasonable accuracy at any time the fmanci&l position of th¢ oharity to enable th¢m to cnsur¢ that the fJnaDtyial statements comply with the Charities Act 201 l and The Charity (Accounts and Reports) Regulations 2008. They ore also Tespollsibl¢ for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved %' order of the board of tSteeS on 3rd Juty 2025 and signed on its behalf by.. C T Sandy- I'Ste¢ Pag¢ 3
Report of the IndependeDI Auditors to the Trustees of The Alan Sugar Foundatioo Oplnion We havc audited the financial statements of The Alan Sugar Foundation {the 'charirf) for the year ended 5th April 2025 whAch comprise the Ststement of Finan¢ial Activities. the Balance SheeL the C&5h Flow Stst¢ment and notes to the fman¢ial statements. including a summ8ry of significant accounting policies. Th¢ financial reporting framework that h&8 been appli¢d in their preparation is applicable law and United Kingdom Accounting Standards (Unitcd Kingdom Generally Accepted Accounting Practice). In our opinion th¢ fuwi¢ial statem¢nts'. give a tse and fair view of the state of the charitys Affairs as at 5th April 2025 and of its incoming resources and appli¢ation of resources, for the year then end¢d" have been properly prepared in accordance with United Kingdom G¢neralty Acc¢pt¢d Accounting Practic¢" and have been prepared in ac¢ordaDce with the requir¢ments of the Chariti¢s Act 2011. B*$i$ for opinion We condu¢ted our audit in accordance with Int¢rnational Standards on Auditing (UK) {ISAs (UK)) and pplible law. Our r¢sponsibililies under thos¢ standards are further d¢scribed in the Auditors, r¢sw)nsibilitie5 foy the athlit of the financial statsments section of our rcport. We are independent of the chlty in accordance with the ethical requirements that are r¢levant to our audit of the financial ststements in the UK. including the FRC'S Ethic Standard, alld w¢ have lfilled ow other ethical responsibilities in ac¢ordat]ce with these r¢quirem¢nts. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern tn auditing the fInela1 statements, we have concluded that th¢ trustees, use of th¢ going concern basis of accounting in th6 prepsrdtion of the fman¢1 stat¢tn¢nts is appropriate. Bwd on the work we have performe¢ we hav¢ not identified any material uncertainties relating to events or conditions thal individually or collectively, may cast Si8nificant doubt on the chariws ability to continue a5 a going concern for a period of at least twelve months from whcn the financial statements are authorised for issuc. Our rcsponsibilities and the responsibilities of th¢ trustees with resct to going concern are described in the relevallt sections of this r¢port. Other information The trustee5 are responsible for th¢ other Anforniation. The oth¢T infonnation ¢omprises the information included in the Annual Report. other than the fiD8ncial statements and our Report of the tndependent Auditors thereon. Our opinioD on the f¢11 statements does not cover the other infornlation an¢ exeepl to thc extent othenvi5e explicitly stated in our reprt we do not express any forni of assurance conclusion th¢reon. Jn LQteCtiOn with our audit of the financial stat¢ments, our rcsponsibility is to read the other infotmation and, in doing so. consid¢r whether thc otlw infonnation is materially itLconsistent with the financial stsl¢m¢nls or ow Iinowledge obtained in the audit or othenvise appear% to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determino whether this giv¢s rise to a material mis8tatement in th¢ fancial Statements themselves. If, based on the work we have p¢rforn)ed. we conclude that there is a material misstaÈem¢nt of this other infornjation, we are required to report that fact. We have nothing to report in this r¢gard. Page 4
Report of the IndependeDt Auditors to the Trustees of The Alxll Sugar Foundation Matters oll which we y4re required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) RegUllOng 2008 r¢quires us to report to you if, in our opinion: the inforntIon given in th¢ Report of the TTUStees is iticonsistent in any material respect with the [MClaI 5talements; or sutTicient accounting rordS have not been kept. or the fllw1¢l statements are not in agreement with the ac¢ounting records and returns: or we have not rec¢ived all the informatioll and explanations we r¢quiF¢ for our audit. Re8poDsibiliti&s of trustees As explained more fully in the Ststement of Trustee5' Rcsponsibilities. the trnstees ar¢ r¢sponsible for the preparatioll of the financial statements which give a true and fair view. and for such internal control as th¢ trustees d¢tern]ille is Thecessary to enable the preparation of financial statements that ar¢ free from material misslatement, whether due to fraud or error. In preparlng the finan¢i81 statement4 the trusl¢es are responsible for assessing the cklatity's ability to continue &s a going con¢en disclosing. as applicable. matters r¢lated to going wnccrn and using the going con¢ern basis of accounting unless the trustees exther intend to liqidate the charity or to cease operations, or have no realistic alternative but to do so. Page S
Report of the IDdependent Auditors to the Trustees of The Alan Sugar Foundation Our responsibilities fTrr the audit of the financial slatements We have been apFK>inted as auditors under Section 144 of the Charities Act 2011 and re)rt in accordance with the Act and relevant regulations mad¢ or having effect thereunder. Our objectives are Éo obtsin r¢asonable assurdllce alKTrUt whether the financial statements &s a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of th¢ Illd¢pend¢nl Auditors that includes our opinion. Reasonablc aSSUTance is a high level of assurdnce. but is not a guarantse that an audit conducted ill ac¢ordan¢¢ with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can aTiSC from fraud or error and are consid¢r¢d material rf, individually or in th¢ a88re8ate. they could reasonably b¢ ¢xpected to itthuence the 001¢ decisions of users taken on the basis of these fmancial ststsments. The extent to which our pr(Kedures are capable of detecting irre8ulariti¢s. including fraud is detailed below: Our approach to id¢ntifying and assessing the risks of material misstatement in respect of irr¢gularities, including fraud and non-compliance with laws and regulations, was as follows.. -our engagement partneT ensurcd that the engagement team collectively had the appropriate ¢omp¢t¢nc¢, capabilitie5 and skills lo identify or recognise non-compliance with applicable laws and regulations. -we identified the 18ws and regulations applicable to the charity through discu55ions with manag¢m¢n¢ ond from our knowledge and exwience of charity operations. -we fwused on specific laws and regulations which we consid¢r¢d may have a direct material eff¢ct on the fmancial statements or the operations of the charity. including such as th¢ Cb&rities Act 2011. data protectio anti-bribery, employment, environmental and h¢alth and safely legislation" -wc assessed thc extent of complianee with the laws and regulations identified above through making ¢nquiries of management and inspecting legal ¢orr¢spondence" and -idcntified laws and re8ulation8 were communicated within the audit team regularly and the team remained alert to instaDces of non-compliance throughout th¢ audit. We assessed th¢ susceptibility of the charity's finaDci&I statements to material misstatemenL including obthining an understanding of how fraud might occur by: -making enquiries of management &8 to where they considered there was susceptibility to frau¢ their knowl¢dg¢ of actual, suspected and alleged fraud. -considering the internal controls in place to mitigate risks of fraud and non-wmplianc¢ with laws regulations. To address the risk of fraud tbrough management bias and override of controls, we.. -perfonned analytieal procedurcs to identify any unusual or unexpectsd Telationships. -tested journal entrics to id¢ntify uttusual trallsactions" -assessed sthether judgements and assumptions made in deterniining the aLcounting eslimaies were ind&cative of tK)tential bias- -investigated the rational¢ behind silfIcant or unusual transactions. responsc to the risk of iTregulariti¢s and non-compliance with laws and re8ulations. w¢ designed procedures which included, but were not limited to: -agreeing financi&l statement disclosures to underlying 5UPFQrting documentstion" -reading the minute5 of Kn¢etings of those charged with governance" -enquiring of management as to actual and potential litigation and claims. -reviewing wrrespond¢nc¢ with the charity's legal advisors. There are inherent limitation5 in our audit procedures described abov¢. The more removed that laws and regulations are from fmancial transactions, the less likely it 15 that we would become aware of non-complian¢¢. Auditing standards also limit the audit pro¢¢dures required to idcntifv non-¢omplian¢¢ with laws and regulation5 to enquiry of mageMent attd the inspection of regulatory and legal cOespondence, if Anv. Pa8e 6
Report of the Independent Auditors to the Trustees of The Alan Sug*r Foundation Material misstatements that aris¢ du¢ to fraud can be harder to detect than those that arise from ¢rror as they Tnay involve deliberate concealment or collusion. A thrther d¢scription of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fr¢.org.uklauditorsresponsibilities. This description fonns Part of our Report of ihe Ind¢pend¢nt Auditors. Use of our report This report Is made solely to thc charitys trust¢¢4 as a body, in accordance with Part 4 of the ChltieS (Accounts and Reports) Re8ulations 2008. Our audit work h&s been undertaken so that we might state to the ¢hxritys trustees those matt¢rs we are required to state to them in an auditors, report and for no other purpose. fo the lIest extellt permitted by law, we do not accept or assume responsibility tr) anyone other than the charity and the charity's trust¢es as 8 body, for our audit work, for this report. or for th¢ opinions we have form¢d. Cooper Paul Statutory Auditors Abacus House 14-18 Forest Road ughton F.ss¢x IGIO IDX 8th January 2026 Page 7
The Alan Sugar Foundatio StV4tement DfFinancRal Activities for the Year Ended 5th April 2025 2025 Unrestricted fund 2024 Total nds Notes INCOME AM) ENDOWMENfs FROM Donations and legacies 1.437.500 Investment in¢ome 228,595 349,624 Total 1,666,095 349.624 EXPENDrruRE ON Raising fLdS 5.045 5.004 Charitable Ydctivitiey Grants 6,100,000 1,015.000 Total 6,105,045 1.020.004 NET INCOMEI{EXPENDITURE) (4.438.950) (670380) RECONCILIATION OF FuDs Total funds brought forward 6.407.663 7,078,043 TOTAL FUNDS CAREUED FORWARD 1,968,713 6,407,663 The notes forn) pgrt of these r]nancial statetDents Page 8
The Alan Sugar Foundation Balance Sheet 5th April 2025 2025 unStriCted fimd 2024 Total funds Notes CUIUiENf ASSETS Debto Cash at baDk 2,477 1.971.236 179,292 6,233,371 1.973,713 6,412,663 CREDrfoRS Amounts falling due within one year {5,000) (5,000) NET Ci7RRENT ASS£TS 1.968,713 6,407,663 TOTAL ASSETS LESS CURRENT LIABILITIES 1,968,713 6,407,663 NET ASSETS 1,968.713 6.407.663 Unrestricted funds 1.968,713 6,407.663 TOTAL FUIYDS 1,968,713 6,407,663 The financial statsments were approved by the Board of Truste¢s and aulhorised for issu¢ on 3rd July 2025 and were si ned on its behalf by= C T Sandy- Tn]st¢¢ The noles form part of these finclaI statements Page 9
The ARxn Sug4r Foundation CAsb Flow Statement for the Ye*r Eoded 5th April 2025 2025 2024 Notes Cgsh flows from opernting activiti Cash gencraÉed from operations (4,490,730) (1,830,296) Net cash used in operating activities (4,490,730) {1,830.296} Cash flows from investiog a¢¢ivitie8 Interest received 228,595 349,624 Net c&sh provid¢d by investing activities 228,595 349,624 Change in cash and cash equivAlellts ill the reportillg period Cash alld cash equivalen¢s at the beginning of the reporting period {4.262.135) (1,480,672) 6233J71 7,714.043 Cash and equiYAlents at the end of th¢ reporting period 1,971,236 6,233.371 'I'he notss form part of these fiTwicial siatements Page 10
The Alan Sugar Foundation Notes to the Cash Flow StAtement for the Year Ended 5th April 2025 RECONCILIATION OF NET EXPENDrruRE TO NET CASH FLOW FROM OPERATING AcriviTIES 2025 2024 Net expcnditure for the reporting peri(Ml {4s per the Statement of Financial Activities) Adjustmellts for: Interest received Decreasel(increase) in debtors D¢¢r¢ase in creditors (4,438,950) {670,380) (228,595) (349,624) 176,815 (179,292) (631,000) Net ¢ash used operations (4,490,730) (1.830.296) ANALYSIS OF CHANGES IN NET FUNDS At 614124 Cash flow At 514125 Net cash Cash At bank 6,233.371 (4.262.135) 1,971,236 6,233.371 (4.262,135) 1,971,236 Total 6,233,371 (4.262,135) 1,971236 The notes foLin part of these fmancial statements Pagell
Th¢ Alall Sugar Foundation Notes to the Fin*JJcial Statements for the Year Ended Sib April 2025 AccoiINfiNG POLICIES B4sis of preparing the financial ststements The financial statements of the charity, which is a public b¢nefit entity under FRS 102, have been prepared in a¢¢ordhnLe the Charities SORP (FRS 102) 'ALcounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordan¢¢ with the Finallcial Reporting Standard applicable in the UK and Republic of freland (FRS 102) (effective l January 2019),, Financial Re[ing Standard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ereland, and the Charities A¢t 2011. The fllwicial statements have been prepared under the historical cost convention. Income All income is recognised ID the Statem¢nt of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and th¢ amount can be measured reliably. Expenditure Liabilities are recognised &s expenditure a5 soon as there is a l¢gaJ or cotLstructiv¢ obligation Committing the charity to that expenditure. it is probable that a transfer of enOMiC benefits will be required in settlement and the amount of the obligation can be MeaSud reliably. Expenditure is accounted for on an aconMIs basis and has been classified under headings that awegate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to a¢liviti¢s on a basis consistent with ihe use of resources. Grants off¢r¢d subject to conditions which have not been met at the Ye end dale are noted as a commitment but not aecrned As ¢xpendittwe. Tatill The charity is exempt from t&x on ils charitable activities. Fund accounting Unrestrictcd fvnds can be used in accordance with the chaTitabl¢ objectives at the discretioD of the trustees. Restricted lunds call only be used for particular restricted PUTposes within the objects of the charity. Restrictions arise when eCified by the donor or when funds are raised for particular restricted puryoses. Further explanatlOD of the nature alld PUTP05¢ of each fund is included in the notes to the financial statements. Page 12 ontinued...
The Alan Sugar Foundatlon Note5 to the Financial St&tements- ¢ontiDued for the Year Ended 5th April 2025 DONATIONS AND LEGACIES 2025 2024 Donations 1,437,500 JNVESTMENT LYCOME 2025 2024 tkposit accouut interest 228,595 349,624 RAISING FUNDS Raising doDYdtions and l¢gA¢ies 2025 2024 Support costs 5.045 5.004 CHARTtABLE ACTIVITIES COSTS Grant funding of activities (see note 6) Grants 6,100,000 GRANTS PAYABLE 2025 2024 Grants 6,100,000 1,015,000 The total grants paid to institutions during the year was as follows.. 2025 2024 J¢wish Car¢ Redbridge Project Solidarity Sport Charity Kisharott Langdon Jewish Communiry Secondary School 6,000,000 1.000,000 10,000 5,000 loo,000 6.100,000 I,Oli.000 Page 13 continued...
The Alan Sugar Foundation No¢es lo tbe Finallcixl Statements- eoDÉinlled for the Y¢ar EDded 5th April 2025 SUPPORT COSTS Governance costs Financ¢ Totals Raising donations and legacies 45 5,000 5,045 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, r¢muD¢ration or oiher benefits for th¢ y¢ar ended 5th April 2025 nor for the year ended 5th April 2024. Tntee8, expemses Thett were no trustees. expenses paid for the year ended 5th April 2025 nor for the year ended 5th April 2024. COMPARATI.s FOR THE STATEMENT OF FINANCIAL ACTivrrtES Unr¢stricted rund INCOME AND ENDOWMENTS FROM Invesknent incom¢ 349,624 EXPEIYDTfuRE ON Raising fimds 5.004 Charitable activities Grants 1,015,000 Total 1.020.004 NET INCOMEI(EXPENDITURI) (670,380) RECONCILIATION OF FUNDS Totsl funds brought forward 7,078,043 TOTAL FUNDS CARRLED FORWARD 6,407,663 Page 14 continued...
The Alan Svg4r Foundadon Notes to the Fioancial StAtemettts- contRllutd for the Ye¥r Ended 5th April 2025 10. CREDITORS.. AMOiINTS FALLING DUE wriIllh' ONE YEAR 2025 2024 Other creditOTS 5.0(M) 5,000 11. MOVEMENT IN FUNDS movement in funds At 514125 At 614124 Unrestrieied funds General fund 6.407.663 (4.438.950) 1,968,713 TOTAL FUNDS 6,407,663 (4.438,950) 1,968.713 Net movemcnt in funds. in¢luded in the above are as follows: Incoming resources Resources expended Movement An fijnds UDrestri¢ted funds Genernl fund 1,666,095 (6,105,045) (4.438,950) TOTAL FUNDS 1.666.095 {6.105,045) (4,438,950) Comparatives for movement funds Net movement in funds At 514124 At 614123 Ullrestrieted funds Genera] fiwd 7,078,043 (670.380) 6,407,663 TOTAL Fu'1).$ 7,078.043 (670,380) 6.407,663 Page 15 continued...
The Alan Sugar Foundation Notes to the Financial Statements- continued for the Year Ended 5th April 2025 11. MOVEME[ IN FUNDS - eotttillued Comparntive net ntovement in funds. includ¢d in the above are as follows.. Incoming resources Resources expended Movernenl in funds Unrestricted funds G¢n¥r&l fund 349,624 (1,020,004) (670.380) TOTAL FUNDS 349,624 (1,020,004) (670,380) A Qurrcnt year 12 months and prior year 12 months combined wjsition is as follow5: Net movement in funds At 514125 At 614123 Uknreslricted fuuds General flmd 7,078,043 (5.109.330) 1,968,713 TOTAL FUNDS 7,078,043 (5,109,330) 1,968,713 A Lurrent year 12 months and prior y¢ar 12 months combined net movement in funds, included in the abov¢ ar¢ as follows: Incoming resources Resowces expended Movement in funds Unrestrieted funds General fulld 2,015,719 (7.125.049) (5,109,330) TOTAL FUNDS 2,015.719 (7.125,049} {5,109.330) Page 16 continued...
The Alan Sugar Foundation Notes to the Financial Slatem¢nls- contillued for the Year Ended 5th April 2025 12. RELATED PARTY DISCLOSURES In the year ended 5 April 2025 the cbarity received doDation5 of £l,287,500 from A M Sugar. Page 17
The Alatt Sugar Foundatioll Detailed Statemellt of Fillallcial Activities for the Year Ended 5th April 2025 2025 2024 INCOME AND ENDOWMENTS DonatlODS and legacles Donations 1,437,500 Investtllent income Deposit account interest 228.595 349.624 Totsl intoming resourc&¥ 1,666,095 349,624 EXPENDITURE Ch8ri14bl¢ acti¢9 Grants to Institutions 6,100,000 1,015,000 Support costs Finance Bank ¢harE¢5 45 Governance cosls Auditors, rernuneration 5,000 5,000 Total resources ¢xp¢nd¢d 6,105,045 1.020.004 Net expenditure (4,438,950) (670.380} This page does not fonn part of the statutory tinanci statements Page18