Charlty number: 327414 THE ALDO TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 VINTv/MS
THE ALDO TRUST CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Examiner's Report Slatement of Financial Activitie$ Balan¢e Sheot 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 2025 Trustees A Healon-ArmslTong JG Wheatley P Crowe Chafty registered number 327414 Principal office Manor Fields Estate Office Manor Fields London SW151DB Accountantg Venlhams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB Bankers Barclays Bank PIC Barclays Business Centre 9 High Street Colchester Essex C01 10D Page 1
THE ALDO TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Tiustees present their annual report together with the financial slalements of the charty for the year 1 January 2025 tts 31 December 2025. Objectives and activities a. Policiès and objectives The principal objective of the charity is lo 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 rehabililalion of such persons. through making grants lo appropriate institutions and indiv1dual5. In selling objectives and planning foi a¢tivities. the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit. running charity IP821'. b. Activities undertakgn to a¢hi8va objectives Income is generated primarily from gains made on the investment portfolio ag well as a small nurnber of donations received and bank Interest received. ¢. Maln actlvltles und9rtaken to further the charlty's purposes for tho public benefit The tru51 makes lump sum donat10ns lo other charrtable organisations working in the detention sector. Such grants amounted lo £36,25012024". £35.0001. Achievements and performance a. Review of activitias Income from the investment portfolio and has been sufficient lo maintain adequate cash funds in order to meet the charitys objectives. Fluctuations in the Investment values during 2025 have resulted in unreali5ed gains £97.92712024'. unrealised gains of £20.2841. As a result the tru51 has been able to support some new charities during 2025. and total donations have increased in comparison w11h the prior year. b. Investment policy and performance It is the policy of the charity lo invest in low to medium risk investrnenls with a view lo ensuring that the reserves of the charfty are maintained al their current level. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resource5 to continue in operational existence for the foresèeable futu. For Ihis reason, they continue to adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found In the accounting policies. b. Reserves policy 11 is Ihfj policy of the charty lo mainlain unrestricted reserves al their current level 12025." £1.393,351, 2024". £1.277,7751. This will enable the charity lo fulfill its objectives for the long-lemi future. Page 2
THE ALDO TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Structure. governance and management a. Constitution The Aldo Trust Is a registered charity, number 327414, and is constituted under a Trust deed dated 25 February 1987. b. Methods of appolntment or electlon of Trustees The managernenl of the charity 15 the responsibilty of the Trustees who are 91gclgd and co-opted under the terms of the Trust deed. Statement of Trustees. respon$ibilitiOS The Trustees are responsible for preparing the Trustees, Report and the financial slalemenls in accorclance with applicable law and United Kingdorll Accounting Standards (United Kingdom Generally Accepled Accounting Practice). The law applicable lo charities in England & Wales requires the Twslees lo prepare financial slalements for each financial which give a true and lair view of the slate of affairs of the charity and of ils Incoming resources and application of r&sour¢es, including rts income and expenditure, lor that period. In preparing these financial slalemenls, the Tru51ees are required lo". select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charitie5 SORP IFRS 1021., ake judgmen15 and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followgd. SLJbjecl lo any material departures disclosed and explained in the financial stalemenls., prepare the financial ststemenls on the going concern basis unless il is inappropriate to presume that the charity will eontinue in bu51ne5S. The TrLJslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's lonsa¢lions and disclose with reasonable accuracy al any time the financial position of the charity and enable Ihern lo ensure that the financial slalemenls comply with the Charities Act 2011. Ihe Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They ale 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. Approved by order of the members of the board of Trustees and sign d on their behalf by.. AHe trong heatlèy P Crowg Dale". 30 IoLk I loL& Page 3
THE ALDO TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Indapendont Examiner's Report to the Trustees of The Aldo Trust I'lhe charity'l report lo the charty Trustees on my examination of the accounts of the charity for the year ended 31 December 2025. Responsibilities and Bas1$ of Rgport As the Trustees of the charity you are Sponsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acl'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in cairying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Page4
THE ALDO TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Independent Examiner's Statement Your attention is drawn lo the fact that the charity has prepartsd the accounts in accordance wrth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the a¢¢ountS to provide a true and fair view in accordance with the 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 th& examination giving me Cause to believe that in any m*erial respect.. acwunting COrdS were not kept in respect of the charity as required by section 130 of the 2011 Act.. or the account5 do not accord with those records., or the accounts do not cornply with the applicable requirements concerning the fom and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an Independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made Sole lo the charills Trustees, as a body, in accordance wf(h Part 4 of the Charities IAccounls and Reportsl Regulation5 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to stale to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as a body. for my work or for this report. Signed". Stuart Harrison FCA Venthams Chartered Accounlanls Millhouse 32 - 38 East Street Rochford Essex SS41DB Page 5
THE ALDO TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Note Income from.. Donations and legacies Investments 50.620 50,620 44. 728 Total income 50.620 50,620 44, 778 Expenditure on: Charitable activities 52.348 52,348 46,548 Totsl expendlture 52.348 52,348 46,548 Net •xp&nditur¢ before net gainslllossesl on investments Net gainslllossesl on Investments 11,7281 117,304 11,7281 117,304 fl, 770) (2,087) Net movement in funds 115.576 115,576 (3,857) Reconciliation of funds-. Total funds brought forward Nel movement in funds 1.277.77S 11 5,576 1,277,775 115,576 1,281.632 f3,85T) Total funds carrfed forward 1,393,351 1,393,351 1.277. 775 Page 6
THE ALDO TRUST BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Note Fixed assets Investments 10 1.363.642 1,225,082 1,363,642 1225.082 Current assets Cash at bank and in hand 33,525 56,293 33,525 56,293 Current liabilities Creditors.. amounts falling due within one year 13,8161 13, 600) Net current assets 29.709 52, 693 Total net assets 1,393,351 1,211, 715 Charity funds Restricted funds Unrestricted funds 12 12 1,393,351 1,277, 775 Total funds 1.393,351 1,2TT, 775 The financial slalements were approved and authorised for issug by the Trustees and signed on their behalf by.. A Heat0- mstrong JG heatley P Crowfr Date.. 30 IDLkl 2olQy Page 7
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 General infomiation The Aldo Trust is a gistered charity, number 327414, and is constituted under a Trust deed dated 25 February 1987. Accounting policies 2.1 Ba$1$ of preparation of financial statements The financial slalemenls have been prepared in accordance with the Char(ties SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive l January 20151. Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalemenls have been prepared to give a Irue and fairf view and have departed from the Charities (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 IFRS 1021 published on 16 July 2014 rather than the Accounting and Reporting by Charities. Slalemenl of Recornmended Practice effective from 1 April 2005 which has since been withdrawn. The Aldo Trust meets the definition of a public benefit enlty under FRS 102 Assets and liabilities are initially recognised al hisloncal cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Income All income is recognised once the charity has entf(lement to the income, il is probable that the incorne will be reiVed and the amount of income receivable Can be measured reliably. Income tax recoverable in relation lo investment income is recognised al the time the investment income is receivable. 2.3 Expenditure Expend((ure is r&ognised oll there is a legal or constructive obligation lo 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 cost5 involved in undertaking each aclivty. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute lo 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 a allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the a¢tivilies which further the charitys objectives, as well as any 85socialed 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 lo conditions which have not been mel 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 2025 Accounting policies Icontinuedl 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 nomally upon nolificalion of the interest paid or payable by the in5tilulion with whom the funds are deposited. 2.5 Investments Fixed asset investments a a form of financia1 Instrument and are initially recognised at their transaction cost and subsequently measured al 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 'GainsllLossesl on investments, in the Statefnent of Financial Activities. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short malurty of three months or less from the dale of acquisition or opening of Ihe deposrt or similar account. 2.7 Llabllitie$ and provisions Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event, il is probable that a Iransler of economic beneff( will be required in settlernenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anlicipales il will pay to settle the debt or the amount il has received as advaneed payments for the goods or services it must provide. Provisions are measured al 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 valLJe of those amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liabilty. Th& unwinding of the discount is recognised In the Slalement of Financial A¢tiviti&s as a finance cost. 2.8 Flnanclal Instruments The charty Dnty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrLJments a initially recogni5ecl al transaction value and subsequently measured al their settlement value wrth the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.9 Fund accounting General funds are unreslricled funds which are available for Ljse at the discretion of the Trustees in furtherance of the general objects'ves of the charity and which have not been designated for other purposes. Investment income, gains and losses are allocated lo the appropriate fund. Page 9
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2025 Incomg from donations and legacles Unrestricted funds 2025 Total fund$ 2025 Total furtds 2024 Donations 50 Tot812024 Invastmant income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Income from local listed investmenls Investment income - local cash 50,130 490 50,130 490 44,419 309 50,620 50.620 44. 728 Total 2024 44, 728 44. 728 Page 10
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of grants Grants to Instltutions 2025 Total funds 2025 Total fvnds 2024 Rehabilitate persons held for trial or after conviction 36,250 36,250 35.000 Total 2024 35,000 35,000 The charity has made the following material grants to institutions during the year.. 2025 2024 Name of institution Duke of Edinburgh's Award Prisoners Education Trust Women in Prison Alabaré (incorporating The Buinbake Trust) Prisoners Abroad Haven Distribution s,000 4,000 4,000 4,000 4.250 2.500 4,000 2.500 5,000 Fine Cell Work 5,250 2,500 5,000 The Hardman Trust Life Cycle Recoop Baco 750 2,000 1,000 1,000 2,000 1,000 2,000 2,000 1,000 750 Bounce Back Borderline Books Rehabililalion Culture CIC 1,000 750 Shannon Tnjst The Prison Advice and Care Trust Trailblazer 36,250 35.000 Page11
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expanditure on ¢haritsble actlvltles Summary by fund type Unrestricted funds 2025 Total 2025 Total 2024 Rehabililale persons held for trial or after conviction 52,348 52,348 46,548 Total 2024 46.548 46.548 Summary by expendlture type Other costs 2025 Total 2025 Total 2024 Rehabililale persons held for trial or after conviction 52,348 52,348 46,548 Total 2024 46.548 46.548 Analysls of expenditure by activities Grant funding of activitie$ Support costs 2025 Total funds 2025 Total funds 2024 2025 Rehabililale persons held for trial or after conviction 36.250 16,098 52,348 46,548 Total 2024 35, 000 11.548 46,548 Page 12
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Anatysis of expenditure by actlvltles l¢ontinued} Analysis of $upport costs Rehabilitate persons held for trial or after conviction 2025 Total funds 2025 Total funds 2024 Independent examiner's remuneration Trustees expenses Sundry Investment management fees 3,60Q 3,000 245 9,253 3,600 3,000 245 9,253 3.600 292 4, 656 16,098 16,098 11.548 Total 2024 11,548 17.548 Independent examiner's remuneration The independent examinerfs remuneration amounts lo an independent examiner fee of £1,200 (2024 £1.200). and accounting of £2,40012024 - £2, 6641. Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year end 31 December 2025, expenses lolalling £3,245 were reirnbursed or paid directly lo 2Truslees (2024 - £3,292 10 3 Trustees). Page 13
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Fixed asset investments Listed Invg$tmgnt$ Cost or valuatlon Al 1 January 2025 Addrtions 1,225,082 143.366 1122,0981 117.292 Disposals Revaluations Al 31 December 2025 1.363.642 Nat book value At 31 Dember 2025 1.363.642 At 31 December 2024 1,225,082 Credltors: Amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 3,816 3. 600 Page 14
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. Statement of funds Statement of funds - current year Balance at 31 Gains1 December ILosses1 2025 Balance at 1 January 2025 Income Expenditure Unrestricted funds General Funds all funds 1,277,775 50,620 152,3481 117,304 1,393,351 ststem¢nl of funds - prior year Balance al 31 December 2024 Balance al l Janusry 2024 Gain (Losses) Income Expenditure Unrestricted funds General Funds- all funds 1, 281, 632 45, 352 (46,5491 (2.660) 1.277. 775 13. Summary offund$ Summary of funds- currentyear Balance at 31 December 2025 Balance at 1 January 202S Gainsl (Losses) Income Expendlture General funds 1,277,775 50,620 152.3481 117.304 1,393,351 Summary offunds- prioryear Balance al 31 December 2024 Balance al l January 2024 Gains/ (Losses) Income Expenditur8 General funds 1.281.632 45,352 (46,549) (2.660) 7,277. 775 Page15
THE ALDO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Analysls of net assets between funds Analysis of net assets between funds - current year Unrestrl¢ted funds 2025 Total funds 2025 Fixed asset investments Current assets Creditor5 due within one year 1,363.642 33,525 13.8161 1.363,642 33,525 13,8161 Total 1,393,351 1,393,351 Analy$ls of net assets between funds - prior year Unrestricted fvnds 2024 Total fvnds 2024 Fixed asset investments 1,225.082 56,293 (3.600) 1.225.082 56.293 (3,600) Current assets Creditors due within one year Total t.277. 775 1277, 775 Related party transactions During the year the charity paid £NIL 12024.. £481 to Owen Wheatley, £3,21612024." £3,224) to Anthony Healon-Armstrong and £2912024". £201 to Pauline Crowe. as Iruslees. These payments were in respect of their time spent managing and administèring the charity, and for the reimbursement of expenses, in accordance with the Trust Deed. Page 16