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 re￿iVed 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 De￿mber 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