| Page | |||
|---|---|---|---|
| Trustees' report |
|||
| Independent | auditors' | report on the financial statements | 4-7 |
| Consolidated | statement | offinancial activities | 8 |
| Consolidated | balance sheet | ||
| g | |||
| Charity balance sheet | |||
| Consolidated | statement | ofcash flows | |
| Notes to the | financial statements | 12 - 36 |
| THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONSOLIDATED | BALANCE SHEET | |||||||||
| AS AT 31 | INARCH 2023 | |||||||||
| Nots | 2023 8 |
2022 | ||||||||
| Fixed assets | ||||||||||
| Tangible assets | 13 | 36,103 | 42,992 | |||||||
| Investment property |
14 | 12,519,625 | 8,318,551 | |||||||
| 12,555,728 | 8,361,543 | |||||||||
| Current assets | ||||||||||
| Stocks | 18 | |||||||||
| Debtors | 17 | 242,551 | 243, 7 | |||||||
| Cash at bank and | in hand | 664,818 | 320, 2 | |||||||
| 807,369 | 568, | |||||||||
| Creditors: amounts | falling due within | one | ||||||||
| year | 18 | (306,636) | (762,4 | |||||||
| Net current assets | Iliabilites | 500,734 | (194,417) | |||||||
| Total assets less | current liabilities | 13,056,462 | 8,167,126 | |||||||
| Creditors: amounts | falling due after | more | ||||||||
| than one year | 19 | (1,f29,235) | ||||||||
| Provisions for liabilities | 22 | (437,010) | (332,209) | |||||||
| Net assets excluding | pension asset | 12,619,452 | 6,705,682 | |||||||
| Total net assets | ||||||||||
| Charity funds | ||||||||||
| Restricted funds | 23 | |||||||||
| Unrestricted funds |
23 | 12,619,452 | 6,705,682 | |||||||
| Total funds | ||||||||||
| The financial statements onthibhlf |
were approved | and authorised | for issue by | the Trustees | on ... | and signed |
| 2023 | 2022 | ||
|---|---|---|---|
| 8 | |||
| Cash flows from operating activities |
|||
| Net cash used in operating activities |
227,196 | 695,946 | |
| Cash flows from investing activities |
|||
| Dividends, (nterests and rents from investments |
1,994 | ||
| Net cash provided by investing activities |
1,994 | ||
| C'ash flows from financing activities |
|||
| Repayments ofborrowing |
(460,100) | ||
| Amounts introduced by Directors |
(31,799) | ||
| Net cash provided by/(used in) financing |
activities | (491,899) | |
| Change in cash and cash equivalents in |
the year | 229,190 | 204,064 |
| Cash and pash equivalents at the beginning |
ofthe year | 320,927 | 116,863 |
| Cash and cash equivalents at the end of |
the year | ||
| The notes on pages 12to 36form part ofthese financial statements |
| THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | |||||||
|---|---|---|---|---|---|---|---|---|
| NOTES TO | THE FINANCIAL STATEINENTS | |||||||
| FORTHE | YEAR ENDED 3i MARCH 2023 | |||||||
| 3. | Inco | efrom | other trading | activities | (continued) | |||
| Incolme from | non charitable trading | activities | ||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2023 E |
2023 f |
|||||||
| Sales | ||||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2022 | 2022 | |||||||
| Sales | 2,391,185 | 2,391,185 | ||||||
| Commissions | receivable | 47,795 | 47,795 | |||||
| ~2980~~It il | ||||||||
| 4. | Investment | income | ||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2023 | 2023 | |||||||
| E | 6 | |||||||
| Deposit account interest | ||||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2022 | 2022 | |||||||
| 9 | ||||||||
| Deposit account interest | ||||||||
| 6. | Expenditure | on raising | funds |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funda | ||
| 2023 | 2023f | ||
| Cost ofsales | 120,687 | 120,687 | |
| Administration | expenses | (433,006) | (433,006) |
| Cost ofsales | staff costs | 123,828 | 123,82& |
| Administration | staff costs | 150,535 | 150,535 |
| Administration | depreciation | 6,889 | 6,889 |
| THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE | FINANCIAL STATEMENTS | ||||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||
| 5. | Expenditure | on raising funds (continued) | ||||||||
| Other trading | expenses | (continued) | ||||||||
| Un | stricted | Total | ||||||||
| furid | funds | |||||||||
| 2 22 | 2022 | |||||||||
| Cost ofsales | 55, | 1 3 |
55,931 | |||||||
| Administration | expenses | 4 81, 4 |
1,381,044 | |||||||
| Interest payable | 89. | 79 | 29,879 | |||||||
| Cost ofsales | staff costs | f 116, 32 |
116,032 | |||||||
| Administration | staff costs | 140 | 54 | 140,154 | ||||||
| Administration | depreciation | 8 | 8,928 | |||||||
| ~tt7 8 |
||||||||||
| 6. | Analysis ofgrants | |||||||||
| Gfantsl | Total | |||||||||
| Institutio)ts | funds | |||||||||
| 2023 f |
2023 f |
|||||||||
| Grants, Promotion |
ofthe Christian | Faith | ||||||||
| Grants | to | Total | ||||||||
| lnstituti | s | funrls | ||||||||
| 20 | 2 f |
2022 | ||||||||
| Grants, Promotion | ofthe Christian | Faith | ||||||||
| The Group has made the following | material | grants to institutions | during the year: |
| THE MATT | 6.3CHARITABLE | 6.3CHARITABLE | TRUST | TRUST | |||||
|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||
| FOR THE YEAR | ENDED 31 MARCH | 2023 | |||||||
| 6. | Ana ysis ofgrants (continued) | ||||||||
| 2023 | 2022 | ||||||||
| 6 | |||||||||
| Name of institution | |||||||||
| The,ice House Christian | Bookshop Limited | 13,500 | |||||||
| Evangelical | Library | 25 | 25 | ||||||
| PA & NE Carr | 1,200 | 1,200 | |||||||
| ~225 | 44 725 | ||||||||
| 7. | Analysis ofexpenditure | on charitable | activities | ||||||
| Summary | by fund type | ||||||||
| Unrestricted | |||||||||
| funds | Total | ||||||||
| 2023 | 2023 | ||||||||
| 6 | |||||||||
| Promotion | ofthe Christian | Faith | |||||||
| Unrestricted | |||||||||
| funds | Total | ||||||||
| 2022 | 2022f | ||||||||
| Promotion | ofthe Christian | Faith | ~44 | ~9244 | |||||
| 8. | Anqlysis | ofexpenditure | by activities | ||||||
| Activities | Grant | ||||||||
| undertaken | funding of | Support | Total | ||||||
| directly | activities | costs | funds | ||||||
| 2023 | 2023 | 2023 | 2023 | ||||||
| 6 | 6 | 6 | 6 | ||||||
| Promotion | ofthe Christian | Faith | ~55522. |
| Activities | Grant | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | funding of | Supp'o | Total | |||||||
| directly | activities | costs | funds | |||||||
| 2022 | 2022 | 2d22 | 2022 | |||||||
| Promotion | ofthe Christian | Faith | ~2 | ~47 | ~3I | 0 | ||||
| Analysis | ofdirect costs | |||||||||
| Promotio | ||||||||||
| oft | ||||||||||
| Christi | Total | |||||||||
| Fat | funds | |||||||||
| 20 | 2023 | |||||||||
| 8 | ||||||||||
| Exp type | 1 | |||||||||
| Promotion | of | |||||||||
| the Christly | n | Total | ||||||||
| Fat | h | funds | ||||||||
| 20 | 2 | 2022 | ||||||||
| Donations | to other charities | 5 ~50 |
||||||||
| Analysis | ofsupport costs | |||||||||
| Promoti | ||||||||||
| oft | ||||||||||
| Christi | Total | |||||||||
| Fai | funds | |||||||||
| 20 | 2023 | |||||||||
| Bank charges | ||||||||||
| Other operating | leases | 26,365 | ||||||||
| Insurance | 162 | |||||||||
| Governance | costs | 50,6 | 50,636 |
| THE | MATT 6.3CHARITABLE TRUST | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE FINANCIAL STATEMENTS | ||||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | |||||||||
| 8. | Analysis | ofexpenditure | by activities (continued) | ||||||
| Analysis | ofsupport costs (continued) | ||||||||
| Promotion | of | ||||||||
| n the Christie |
Total | ||||||||
| h Fdit |
funds | ||||||||
| 2 202 |
2022 | ||||||||
| Bank charges | 50 | ||||||||
| Other operating | leases | 21,565 | |||||||
| Insurance | 33 | 2,733 | |||||||
| Exp type | 4 | 8,689 | |||||||
| Governance | costs | 50 | 28 | 50,428 | |||||
| ~83 | |||||||||
| 9. | Auditors' | remuneration | |||||||
| 20 | 3 | 2022 | |||||||
| E | |||||||||
| Fees payable to the Charity's auditor and its associates for the audit ofthe |
|||||||||
| Charity's | annual | accounts | |||||||
| 10. | Staff costs | ||||||||
| Gro 20 |
p 3 |
Group 2022 |
|||||||
| Wages and | salaries | 232,0 | 1 | 217,672 | |||||
| Social security costs | 13 | 10 | t5,205 | ||||||
| Contribution | to defined contribution | pension schemes | 5 | 516 | |||||
| ~~39 |
| THE MATT 6.3CHARITABLE TRUST | ||||||
|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | ||||||
| 13. | Tangible fixed assets | |||||
| Group and | Chaitty | |||||
| Plant and | CompuIer | |||||
| machinery | equipm | nt | Total | |||
| 6 | 6 | |||||
| Cost orvaluation | ||||||
| At 1 April 2022 | 65,280 | 1,9 | 7 | 67,277 | ||
| At 31 March | 2023 | 65,280 | 1,9 | 7 | 67,277 | |
| Depreciation | ||||||
| At 1 April 2022 | 22,675 | 1,6 | 0 | 2¹,285 | ||
| Charge for the year | 6,602 | 3 | 7 | 6,889 | ||
| At 31 March | 2023 | 29,177 | 1,9 | 7 | 31,174 | |
| Net book value | ||||||
| At 31 March | 2023 | |||||
| At 31March | 2022 | 7~42 2 |
||||
| 14. | Investment | property | ||||
| Group | ||||||
| Freehold | ||||||
| investmsnt | ||||||
| property | ||||||
| 6 | ||||||
| Valuation | ||||||
| At 1 April 2023 | 8,318,651 | |||||
| 4,201,074 | ||||||
| Page 23 |
| THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | ||||
|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | ||||||
| Fair value | at 31 March | 2023 is represented | by: | |||
| 2023 | ||||||
| Valuation | in 2017 | 1,ago,888 | ||||
| Valuation | in 2018 | (to,aoo) | ||||
| Valuation | in 2019 | 128,656 | ||||
| Valuation | in 2021 | (60,568) | ||||
| Valuation | in 2022 | 1,064,551 | ||||
| Valuation | in 2023 | 4,201,074 | ||||
| Cost at 2021 | 6,174,945 | |||||
| Ifinvestments properties cost: 58,318,551 (2022 |
had not been revalued 67,254,000). |
they would have been included at the f | llowing | historical |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31 INARCH 2023 | |||||||||||||||||||
| 15. | Fixed asset | investments | (continued) | |||||||||||||||||
| Principal subsidiaries | ||||||||||||||||||||
| Ths following | were subsidiary | undertakings | ofthe Chariiy. | |||||||||||||||||
| Names | Company number |
Registered ofSceor principal place of business |
Prlnslpal | activity | Class ahsnis |
of | H | Idlng Included In consogdatlon |
||||||||||||
| Immingham | Industnal | Estates | Limited | 01129170 | The IceHouse, Victor Sheet, Grimslty, North East Lincolnshire, DN32 |
Ownership ofproperty wsmhouslng |
and | Ordinary | 100r4 Yes | |||||||||||
| John 14.2 Construction | Limited | 11107690 | 7QN The IceHouse, Victor Street, Grimsby, North |
Property maintenarice | Ordinary | 10011Yes | ||||||||||||||
| East Lincolnshire, | DN32 | |||||||||||||||||||
| 7QN | ||||||||||||||||||||
| The financial | results of | the | subsidiaries | for | the year were: | |||||||||||||||
| Names | ||||||||||||||||||||
| Income 6 |
Expenditure | 6 | Proflgg.oss)l Surplual |
Net | assets 6 |
|||||||||||||||
| (De | olt) for the | |||||||||||||||||||
| year | ||||||||||||||||||||
| 6 | ||||||||||||||||||||
| Imminghem Industrial John 14.2Conslrucson |
Estates Limited |
Limited | 955,670 275,002 |
923,612 301,011 |
32,268 (118,110) |
814,797 (88,982) |
||||||||||||||
| Page 25 |
| Group | Group | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 6 | 5 | |||||
| Raw materials | and consumables | 3347 | ||||
| Debtors | ||||||
| Group | Group | Charity | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |||
| F | 6 | 5 | ||||
| Due within one year | ||||||
| Trade debtors | 111,554 | 86,I95 | ||||
| Amounts owed by group undertakings |
4,557,689 | 4,315,606 | ||||
| Other debtors | 120,172 | 530,202 | 4,759 | 4,791 | ||
| Prepayrnents | and accrued income | 2,966 | f9,514 | 161 | 147 | |
| Tax recoverable | 7,859 | 7,859 | ||||
| ~4LIfd | ~24 T |
~Q,SSL | 4~~4 ~ | |||
| CreItitors: Amounts | falling due within one year | |||||
| Group | Group | Charity | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |||
| 6 | ||||||
| Bank overdrafts | 14,701 | 14,701 | ||||
| Trade creditors | 24,753 | 348,800 | 695 | |||
| Corporation tax |
3,055 | 151,345 | ||||
| Other taxation | and social security | 59,887 | 21,923 | |||
| Other creditors | 151,060 | 134,344 | 115,196 | 85,639 | ||
| Accruals and | deferred | income | 53,179 | 106,049 | 5,145 | 4,899 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | |||||
|---|---|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31 MARCH 2023 | |||||||
| 23. | Statement | offunds | ||||||
| Statement | offunds -current year | |||||||
| Balance at 1 April 2022f |
Income 6 |
Expenditure 6 |
I Gattts (Locals) f |
Balance at 31 March 2023 6 |
||||
| Unrestricted | funds | |||||||
| General Funds - all funds | 7,165,358 | 1,882,606 | (169,910) | 4,201„74 | 13,079,128 | |||
| Reserves | (459,576) | (459,576) | ||||||
| Statement offunds -prior year | ||||||||
| As restated | ||||||||
| Balance at 1April 2021 |
income | Expendituref | Gei s/ (Loss s) |
Balance at 31March 2022 |
||||
| Unrestricted | funds | |||||||
| General Funds -all funds | 5,032343 | 5,032,343 | ||||||
| 2,413,181 | (1,830„208) | 1,064,5 1 | 1,647,524 | |||||
| Unallocated | amounts | 25,815 | 25,815 | |||||
| ~0~34 | ~k995 | ~10 0()) | 1 |
| Analysis | ofnet assets between funds - current year | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2023 | 2023 | ||
| Tangible fixed assets | 36,103 | 36,103 | |
| Investment | property | 12,519,625 | 12,519,625 |
| Current assets | 807,369 | 807,369 | |
| Creditors | due within one year | (306,635) | (306,635) |
| Provisions | for liabilities and charges | (437,010) | (437,010) |
| Total |
| Analysis | of net assets between funds - prio | r year | ||
|---|---|---|---|---|
| As restated | As restated | |||
| Endowment | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2022 6 |
2022 f |
2022 6 |
||
| Tangible fixed assets | 42,992 | 42,992 | ||
| Investment | property | 8,318,551 | 8,318,551 | |
| Current assets | 568,044 | 558,044 | ||
| Creditors | due within one year | 25,815 | (788,276) | (762,461) |
| THE MATT tL3 CHARITABLE TRUST | ||||
|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||
| FOR THE YEAR ENDED 31 MARCH 2023 | ||||
| 24. | Summary | offunds (continued) | ||
| Creditors | due in more than one year (1,129,235) |
(1,129,235) | ||
| Provisions | for liabilities and charges | ) (332,209 |
(332,209) | |
| Other unallocated Total As restated 1,103,420 |
(1,129,2 5) | (25,815) | ||
| ~7~7 |
| 26. | Re onciliation ofnet movement | Re onciliation ofnet movement | in funds | to net cash flow from operating | activities | |
|---|---|---|---|---|---|---|
| Group | Group | |||||
| 2023 6 |
2022 f |
|||||
| Net income for the | year (as per Statement | of Financial Activities) | ||||
| 1,712,696 | 808,788 | |||||
| Adjustments for: |
||||||
| De)reciation charges | 6,889 | 8,016 | ||||
| Dividends, interests |
and rents from | investments | (1,994) | |||
| Increase in stocks |
3,347 | (23,887) | ||||
| Decrease/(increase) | in debtors | (25,359) | 18,S06 | |||
| Decrease in creditors |
(349,862) | (128,405) | ||||
| Taxation | 347 | 126,910 | ||||
| Dividends | 10,367 | |||||
| Deferred income released | (1,129,235) | |||||
| Net cash provided | by operating | activities | ~Q@lk~~f | |||
| 27. | An)tlysts ofcash | and cash equivalents | ||||
| Group | Group | |||||
| 2023f | 2022 | |||||
| Cash in hand | 483 | |||||
| Notice deposits (less than 3months) | 549,634 | 320,444 | ||||
| Total cash and cash equivalents | ~50~ | ~r'~~09'~g |
| Group | Group | Charity | Charity |
|---|---|---|---|
| 2023f | 2022f | 2023f | 2022f |
| 2023 f |
2022 | ||||||
|---|---|---|---|---|---|---|---|
| Donations | received | ||||||
| Dortatlons | made | 122,557 | |||||
| Sales | 91,127 | 61,460 | |||||
| Rents payable | 26,366 | 21,565 | |||||
| Accrued | income at year | end | 9,498 | 24,481 | |||
| Loan outstanding to Christian |
Centre (Humberside) | Limited | at year end | 146,012 | 105,057 | ||
| Trade creditors at year | end | ||||||
| The loan | is unsecured, | interest free and repayable | on demand. |
| 2023 | 2022 |
|---|---|
| 6 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Sales | |||||
| Purchases | |||||
| Bad debt provision | |||||
| Trade creditors outstanding | at | year end | 270,000 | ||
| Loan outstanding | to T P Dibdin | Limited at year end |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | 8 | ||||||
| Sal~ | 2.632 | 322 | |||||
| Purehases | 9,000 | 37,861 | |||||
| Marlagement | charges payable | 9,000 | 16,800 | ||||
| Consultancy | |||||||
| Commissions | payable | ||||||
| Trade debtors | outstanding | at year end | 287 | ||||
| Trade creditors | outstanding | at year end | 89,498 | ||||
| Loan oustanding | from J & | VA Dibdin Limited at year end | |||||
| The loan is unsecured, | interest free and repayable | on demand, |
| THE MATT tL3 CHARITABLE TRUST | THE MATT tL3 CHARITABLE TRUST | THE MATT tL3 CHARITABLE TRUST | THE MATT tL3 CHARITABLE TRUST | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE | FINANCIAL STATEMENTS | ||||||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||||
| Stallingborough | Railfreight | Distribution | Limited | |||||||||
| Company | in | which | Mr | J Dibdin | 8 his wife are Directors and | Shareholders. | ||||||
| During the Distribution |
year, the Limited. |
group | entered into |
the following |
transactions | with | Stallingborough | Railfreight | ||||
| 2 23 | 2022 | |||||||||||
| Sales | ||||||||||||
| Other debtor | 3, 00 | 3,000 | ||||||||||
| Rents payable | ||||||||||||
| Park Farm | Property | Development | Limited | |||||||||
| Company | in | which | Mr | J Dibdin, | Mr | I Davey and Mrs C Barnett are Directors. | ||||||
| Park Farm | Property | Development | Limited is now dissolved. | |||||||||
| 20 3f | 2022 | |||||||||||
| Bad debt provision | ~55 | |||||||||||
| Middlegate | Marketing | Limited | ||||||||||
| Company in |
which | Mr | I Davey | and | Mrs C Barnett are Directors. | |||||||
| Middlegate | Marketing | Limited is now dissolved. | ||||||||||
| 20 3 f |
2022 f |
|||||||||||
| Bad debt provision | ~22 | |||||||||||
| Immingham | Port | Storage Limited | ||||||||||
| Company in |
which | Mr | J Dibdin, | Mr | I Davey and Mrs C Bamett are Directors. | |||||||
| Immingham | Port Storage Limited is now dissolved. | |||||||||||
| 20 3f | 2022 | |||||||||||
| Sales | ||||||||||||
| Bad debt provision | ~45 | |||||||||||
| Page 34 |
| THE | THE | MATT S.3CHARITABLE TRUST | MATT S.3CHARITABLE TRUST | MATT S.3CHARITABLE TRUST | MATT S.3CHARITABLE TRUST | MATT S.3CHARITABLE TRUST | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE FINANCIAL STATEMENTS | ||||||||||
| FOR THE YEAR ENDED 31 MARCH 2023 | |||||||||||
| IIEManagement Limited |
|||||||||||
| Company in which Mr J Dibdin, Mrs |
C Barnett and | Mrs G Lee are Directors. | |||||||||
| During the year, the group | entered | into the following | transactions | with IIE Management | I | imited | |||||
| 3 | 2022 | ||||||||||
| 8 | |||||||||||
| Sales | 20t | 8 | 1,002 | ||||||||
| Purchases | 4,7 | 0 | 2,083 | ||||||||
| Trade debtors at year end | 2,955 | ||||||||||
| Trade creditors at year end Loan outstanding to IIE Management |
Limited at the | year end | 3,5 | 5 3575 ~22 |
|||||||
| The loan is unsecured, interest free |
and repayable | on demand. | |||||||||
| South Bank Enterprises | Limited | ||||||||||
| Company in which Mark Dibdin (brother of MrJ Dibdin and Mrs C Barnett) is a Director. During the year, the group entered into the following transactions with South Bank Enter |
rises | Limited. | |||||||||
| 20 | 3 | 2022 | |||||||||
| 8 | |||||||||||
| Consultancy | 38,4 | 0 | 28,500 | ||||||||
| Trade debtors outstanding | at year | end | |||||||||
| Trade creditors outstanding | at year | end | 3,8 | 0 | 3,500 | ||||||
| Accruals at year end | |||||||||||
| Pauline Seddon | |||||||||||
| Sister of Mr J Dibdin and |
Mrs C Barnett. | ||||||||||
| During the year, the group | entered | into | the following | transactions | with Pauline Ssddon. | ||||||
| 202 | 2022 | ||||||||||
| Consultancy | 18,20 | 18,000 | |||||||||
| Accruals oustanding at year |
end | ||||||||||
| The Estate ofTP & D Dibdin | |||||||||||
| Page 35 |
| Page | |||
|---|---|---|---|
| Trustees' report |
|||
| Independent | auditors' | report on the financial statements | 4-7 |
| Consolidated | statement | offinancial activities | 8 |
| Consolidated | balance sheet | ||
| g | |||
| Charity balance sheet | |||
| Consolidated | statement | ofcash flows | |
| Notes to the | financial statements | 12 - 36 |
| THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | THE IHATT 89CHARITABLE TRUST | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONSOLIDATED | BALANCE SHEET | |||||||||
| AS AT 31 | INARCH 2023 | |||||||||
| Nots | 2023 8 |
2022 | ||||||||
| Fixed assets | ||||||||||
| Tangible assets | 13 | 36,103 | 42,992 | |||||||
| Investment property |
14 | 12,519,625 | 8,318,551 | |||||||
| 12,555,728 | 8,361,543 | |||||||||
| Current assets | ||||||||||
| Stocks | 18 | 3, | 47 | |||||||
| Debtors | 17 | 242,551 | 243, | 70 | ||||||
| Cash at bank and | in hand | 664,818 | 320, | 27 | ||||||
| 807,369 | 568, | 4 | ||||||||
| Creditors: amounts | falling due within | one | ||||||||
| year | 18 | (306,636) | (762,4 | |||||||
| Net current assets | Iliabilites | 500,734 | (194,417) | |||||||
| Total assets less | current liabilities | 13,056,462 | 8,167,126 | |||||||
| Creditors: amounts | falling due after | more | ||||||||
| than one year | 19 | (1,f29,235) | ||||||||
| Provisions for liabilities | 22 | (437,010) | (332,209) | |||||||
| Net assets excluding | pension asset | 12,619,452 | 6,705,682 | |||||||
| Total net assets | ||||||||||
| Charity funds | ||||||||||
| Restricted funds | 23 | |||||||||
| Unrestricted funds |
23 | 12,619,452 | 6,705,682 | |||||||
| Total funds | ~7'i~ | |||||||||
| The financial statements on their behalf by: |
were approved | and authorised | for issue by | the Trustees | on ... | and signed |
| 2023 | 2022 | ||
|---|---|---|---|
| 8 | |||
| Cash flows from operating activities |
|||
| Net cash used in operating activities |
227,196 | 695,946 | |
| Cash flows from investing activities |
|||
| Dividends, (nterests and rents from investments |
1,994 | ||
| Net cash provided by investing activities |
1,994 | ||
| C'ash flows from financing activities |
|||
| Repayments ofborrowing |
(460,100) | ||
| Amounts introduced by Directors |
(31,799) | ||
| Net cash provided by/(used in) financing |
activities | (491,899) | |
| Change in cash and cash equivalents in |
the year | 229,190 | 204,064 |
| Cash and pash equivalents at the beginning |
ofthe year | 320,927 | 116,863 |
| Cash and cash equivalents at the end of |
the year | ||
| The notes on pages 12to 36form part ofthese financial statements |
| THE MATT 6.3CHARITABLE TRUST | THE MATT 6.3CHARITABLE TRUST | |||||||
|---|---|---|---|---|---|---|---|---|
| NOTES TO | THE FINANCIAL STATEINENTS | |||||||
| FORTHE | YEAR ENDED 3i MARCH 2023 | |||||||
| 3. | Inco | efrom | other trading | activities | (continued) | |||
| Incolme from | non charitable trading | activities | ||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2023 E |
2023 f |
|||||||
| Sales | ||||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2022 | 2022 | |||||||
| Sales | 2,391,185 | 2,391,185 | ||||||
| Commissions | receivable | 47,795 | 47,795 | |||||
| ~2980~~It il | ||||||||
| 4. | Investment | income | ||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2023 | 2023 | |||||||
| E | 6 | |||||||
| Deposit account interest | ||||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2022 | 2022 | |||||||
| 9 | ||||||||
| Deposit account interest | ||||||||
| 6. | Expenditure | on raising | funds |