Charity number: 327414
THE ALDO TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
VINTv/MS

THE ALDO TRUST
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-16

THE ALDO TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
A Heaton-Armstrong
JG Wheatley
P Crowe
Charity registered
number
327414
Principal office
Manor Fields Estate Office
Manor Fields
London
SW15 1DB
Accountants
Venthams
Chartered Accountants
Millhouse
32 - 38 East Street
Rochford
Essex
SS4 1DB
Bankers
Barclays Bank Pl¢
Barclays Business Centre
9 High Street
Colchester
Essex
C011DD
Page 1

THE ALDO TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1
January 2024 to 31 December 2024.
Objectives and activities
a. Policies and obje¢tives
The principal objective of the charity is to provide protection of the mental and physical health and relief of
individual poor persons who are or have been held in detention pending their trial or after conviction, and to
assist in the rehabilitation of such persons, through making grants lo appropriate institutions and individuals.
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit. running a
charity (PB2)'.
b. Activities undertaken to achieve objectives
Income is generated primarily from gains made on the investment portfolio as well as a small number of
donations received and bank interest received.
c. Main activities undertaken to further the charity's purposes for the public benefit
The trust makes lump sum donations to other charitable organisations working in the detention sector. Such
grants amounted to £35,000 {2023'. £41,500}.
Achievements and performance
Review of activities
Income from the inveslment portfolio and has been sufficient to maintain adequate cash funds in order to meel
the charitls objectives. Fluctuations in the inveslmenl values during 2024 have resulted in unrealised gains
£20,284 {2023.' unrealised gains of £117,031). As a result the trust has been able to support some new charities
during 2024. and total donations have increased in comparison with the prior year.
b. Investment policy and performance
It is the policy of the charity to invest in low to medium risk investments with a view to ensuring that the resetves
of the charity are maintained at their current level.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectalion that the charity has adequate
resources to continue in operational existence for the foreseeable fulure. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the
going concern basis can be found in the accounting policies.
b. Reserves policy
It is the policy of the charity to maintain unrestricled reserves at their current level {2024.. £1.277,775, 2023..
£1 ,281,632). This will enable the charity to fulfill ils objectives for the long-tem future.
Page 2

THE ALDO TRUST
TRUSTEES, REPORT ICONnNUEDI
FOR THE YEAR ENDED 31 DECEhlBER 2024
Stru¢tsrn. gov•rnance and managernert
The Aklo Trust ￿ a registerèd chanty. number 327414. and be constrtut8d Ltnder a Trust d88d d8ted 25 Febrnary
1987
b. Mqlhods ol appolntm•nt or el•eth>n of Trnsto88
Tha mana3¢menl of the Cbanty ￿$￿￿19￿.1￿ oé Ihe Trustees who are deCt￿ and ct>coted under the
lemis of the Tn)$1008d
St0t¢ment ol TruBtw¥' rfj•pon•ibilill•s
The Trustèes are respongble for orepafing tho TnJst88s' report and finan￿81 ststements In 8CeA)rdance wilh
appliCa￿e and Urrted Kingdom Accounting Standards IUnrte(J Kngd(Yn Generalty Wted Accountin9
Practr*l
The law applKable to chanties in England & W*es rtyuir•s the Trustees kn prer4r8 finan¢o1 st*ements fr)r
each financial year give 8 tn* and fair of the stale ol affairs of the clarity and of Its incoming
r8$0urces and applicab¢n of resourc*s, Including rts Inc￿￿0 and exFendiwre. lor that period. In preporing thes8
finanrjal 5tstements. the Trustees are rwuwed to.
seknt wrt3b¢e ac£ountsr¥J wlKies and tren apF4y Ihem a)nwstenty.
observe the meth(￿5 and pnnciples of the ChathTres SORP IFRS 1021
rnake judgments and accouftting eslim8te$ that a￿ reasonabè and pnjdent.
stsie whether appli¢aNe UK AccounLng St2ndards IFRS 1021 have been fc4lo*ed, sut4ecl lo any
m8tenal departures dk8dos•S and eypkinthy in the finanual Stat￿￿ts..
prepa￿ the finanoal 518ter￿n& on the basL8 unkns rf Is Inwropnate lo pregJme that the
charity conbnue in business
Tho Trustee8 are rgsponsitye for iteeping adequate ￿thIn11n9 recoids that ar9 sufluenl to shcA¥ a￿1 eX￿aIn
Ihe cbantys transxtKJrs and discktse wrth wson8t>le accu0￿ at any time the financ￿1 po¥rtion of the chanty
and •nakn￿ them to ensure that financal Statements ccmxpty with the Charrtw Acl 2011. the Chanty
IAc¢our.ts aTh¥ Repjrtsl Regulations 2008 and thè provi9gns of the Trust deed They ar& al￿ ￿S[￿)nsible for
safeguarding the assets ol the tharty and hence lor takjng reaSona￿e sttrps lor ftte prevention and detection ol
fr8ud and other Irregulafrties
ed ty order of the rnemb8rs ol the #oard (A TN$t88s aTh) ggn
on their teh811 by
A H•atonAnn
trong
JG
P Grow•
Dat8
P￿3

THE ALDO TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the Trustees of The Aldo Trust I'the charity'l
I report to the chartty Trustees on my examination of the accounts of the charity for the year ended 31
December 2024.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the accoLsnts in accordance with the
requirements of the Charities Act 2011 1.the 2011 Act'i.
I report in respect of my examination of the charity's accounts Carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515)(bl of the 2011 Act.
Page 4

THE ALDO TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1
April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
Ihe Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I confirm that no matters have come to my attention in Connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the fom and conlent of
accounts sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's
Trustees those matters l am required to state to them in an independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
the charity and the charity's Trustees as a body, for my work or for this report.
Signed:
Stuart Harrison
Dated.. I I
FCA
16Izoz
Venthams
Chartered Accountants
Millhouse
32 - 38 East Street
Rochford
Essex
SS4 1DB
Page 5

THE ALDO TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from..
Donations and legacies
Investments
50
44,728
50
44,728
41,846
Total income
44,778
44,778
41,846
Expenditure on:
Charitable activities
46,548
46,548
51,078
Total expenditure
46,548
46,548
51,078
Net expenditure before net {losses)Igains on
investments
Net {losses}Igains on investments
{1,7701
{2,0871
11,770>
12,087)
(9, 232)
119,081
Net movement in funds
{3,8571
13,8571
109, 849
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,281.632
(3,8571
1,281,632
{3,857
1, 171, 783
109, 849
Total funds Carried forward
1,277,775
1,277,775
1,281,632
Page 6

THE ALDO TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Noto
Fixed a888ts
Investments
10
1.225.082
1,226.548
1,225.082
1.226.548
Currnnt assets
Cash at bank and in hand
56,293
58.684
56.293
58,684
Creditors.. amounts falling due within one
year
11
(3,600)
(3,6￿7)
Net current assets
52,693
55,084
Total net assets
1,277.775
1,281,632
Charity funds
Restricted funds
Unrestricted funds
12
12
1.277,TlS
1,281,632
Totsl fund8
1.277,775
1,281,632
The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf by..
A Heato
8trong
JG
heatley
Dats:
Page 7

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
The Aldo Trust is a registered charity, number 327414, and is constituted under a Trust deed dated 25
February 1987.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2015}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair. view and have departed from
the Charilies (Accounts and Reports} Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 1021 published on 16
July 2014 rather than the Accounting and Reporting by Charities= Slatement of Recommended
Practice effective from 1 April 200S which has since been withdrawn.
The Aldo Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless othewise stated in the relevant
accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
in¢ome will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investmenl income is recognised at the time the investment
income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct ¢osts attributable to a single
activity are allocated directly to that aclivity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount Can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Investments
Fixed asset investments are a form of financial instnjment and are initially recognised at their
Iransaction cost and subsequently measured at fair value at the balance sheet date, unless the
value cannot be measured reliably in which case it is measured at Cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Lossesl
on investments, in the statement of financial activities.
2.6 Cash at bank and in hand
Cash at bank and 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
a¢¢ount.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount ofthe settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the stalement of financial activities as a finance Cost.
2.8 Financial instruments
The charity only has financial assets 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 with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricled funds which are available for use at the discrelion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 9

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
50
so
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from local listed investments
Investment income - local cash
44,419
309
44,419
309
41,439
407
44,728
44,728
41,846
Total 2023
41,846
41,846
Page 10

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of grants
Grants to
Institutions
2024
Total
funds
2024
Total
funds
2023
Rehabilitate persons held for trial or after conviction
35,000
35,000
41,500
Total 2023
41,500
41,500
The Charity has made the following material grants to institutions during the year..
2024
2023
Name of institution
Duke of Edinburgh's Award
Prisoners Education Trust
Women in Prison
The Burnbake Trust
Prisoners Abroad
4,000
4,000
4,250
2,500
4,000
5,000
5,000
2.000
750
4, 500
5, 000
5, 250
3, 000
4, 000
5, 000
5, 000
3, 000
1,000
2, 000
750
1,000
1,000
1,000
Haven Distribution
Fine Cell Work
The Hardman Trust
Life Cycle
Recoop
Baco
Bounce Back
Borderline Books
Rehabilitation Culture CIC
750
1,000
1,000
750
35,000
41,500
Page11

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Total
2023
Rehabilitste persons held for trial or after conviction
46,548
46,548
51,078
Total 2023
51,078
57,078
Summary by expenditure type
Other costs
2024
Total
2024
Total
2023
Rehabilitate persons held for trial or after conviction
46,548
46,548
51,078
Total 2023
51,078
51,078
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
fvrpds
2023
Rehabilitate persons held for trial or after
conviction
35,000
11,548
46,548
51,078
Total 2023
41,500
9,578
51,078
Page 12

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
Rehabilitate
persons
held for trial
or after
conviction
2024
Total
funds
2024
Tot81
funds
2023
Independent examiner's remuneration
Trustees expenses
Sundry
Investment management fees
3,600
3,000
292
4,656
3,600
3,000
292
3, 600
3, 750
4,656
2, 228
11,548
11,548
9, 578
Total 2023
9,578
9, 578
Independent examiner's remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £1,200 (2023
- £1,200), and accounting of £2,400 {2023- £2,664).
Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 December 2024, expenses totalling £3,292 were reimbursed or paid directly to
3Trustees (2023 - £3, 750 to 2 Trustees).
Page 13

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Fixed asset investments
Listed
investments
Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluations
1,226.548
217,992
1202,371)
117,087)
At 31 December 2024
1.225,082
Net book value
At 31 December 2024
1,225,082
At 31 December 2023
1,226,548
11.
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
3,600
3, 600
Page 14

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Statement of funds
Statement of funds - current year
Balance at
31
Gainsl December
{Lossesl
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
General Funds - all funds
1,281,632
45,352
{46,549)
(2,660> 1,277,775
Statement of funds - prior year
8alance at
31
December
2023
Balance at
1 January
2023
Gains/
(Losses)
Income Expenditu
Unrestricted funds
General Funds all funds
1, 171, 783
47,846
(51,078)
119,081
1,281,632
13.
Summary of funds
Summary of funds - current year
Balance at
31
Gainsl December
(Losses)
2024
Balance at 1
January
2024
Income Expenditure
General funds
1,281.632
45,352
146,549>
(2,660)
1,277.775
Summary of funds - prior year
Balance al
31
December
2023
Balance at
l January
2023
Gains/
(Losses)
Income Expenditu
General funds
1, 171, 783
41,846
(57,078)
119,081
1,281,632
Page 15

THE ALDO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Fixed asset investments
Current assets
1,225,082
56,293
{3,600)
1,225.082
56,293
13,600)
Creditors due within one year
Total
1,277,775
1.277,775
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
1, 226, 548
58, 684
(3, 600)
1,226,548
58, 684
(3, 600)
Total
1,281,632
1,281,632
15.
Related party transactions
During the year the charity paid £48 (2023.. £750) to Owen Wheatley, £3,224 (2023.. £3,000) to Anthony
Healon-Armslrong and £20 {2023'. £Nil) to Pauline Crowe, as trustees. These payments were in respect
of their time spent managing and administering the charity, and for the reimbursement of expenses, in
accordance with the Trust Deed.
Page 16