Charity number: 1149025 THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST CONTENTS Page Referonco and administrntlve detslls of tho charity, its Trustees and advisers Trusteos, rgport Indopandent examinerfs report statemènt of financial a¢tlvStle8 Balance Sheet Notes to the financial 8tatemonts 10-19
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 hqARCH 2022 Tru$tè88 lan Living8lone Natalie Livingstone Mark Levitt Charlty registered number 1149025 Principal offlce 16 Gre81 Queen Street Covent Gaiden London WC2B SAH Indepondgnt examinor AndTew Moss FCA Lewis Golden LLP Chartered Accountants 40 Queen Anne Street London W1G 9EL Bankèr8 Coutls & Co 440 The Strand London WC2R OQS Page I
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report together with the financial statements of The lan & Natalie Livingstone Charitable Trust for the year 1 April 2021 to 31 March 2022. The financial slalemenls have been prepared in aordanCe with the accounting policies set out in note 2 to the financial statements and comply with the charitys Trust Deed, the Charities Act 2011 and the relevant version of the Slalemenl of Recommended Practice applicable lo charities preparing their financial statements in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102}. Objectives and activitie8 Policies and obJectiV08 The chaTiVs objects are focused on the support of charities whose focuses are on children and disadvantaged groups. There has been no change in this during the year. Public Bgnafit In compliance with Section 17 of the Charities Act 2011, the charity continued to support charities whose focuses are on Children and disadvantaged groups. This was achieved through grants made lo various institutions connected wrth children's and youth's welfare as disclosed in Note 4 to the financial statements. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. It is the policy of the Trustees lo make grants tr) a wide Tange of eharilable bodies, focusing on children and disadvantaged groups which are registered with the Charity Commission for England and Wales. or are exempl charities within the meaning of the Charities Act 2011. Grant applications of up to £250,000 will be considered and may be made towards revenue, capital or project expenditure. Applications from individuals seeking personal support will not be considered. Achlevoments and pgrfornance a. Main achiovoments of the charity During the year, the charity continued its support of young Londoners and other disadvantaged group charities by making major grants to Dalaid of £50,000 12021.. £50.0001. Total grants paid by the charity during the year amounted lo £105,26712021'. £717,500), representing 67°h {2021.. 109%) of the incoming resources. Income from voluntary donations during the year amounted to £158,044 12021.. £660,500) which included Gift Aid claim receivable dvring the year of £30,994 {2021.' £131,500) and gifts in kind of £3,00012021.. £3,000). Flnan¢lal revlow a. Going concern After making enquiries, the Iruslees have a reasonable expectation that the charity has adequate resources to continue in operational existen and meet ils liabilities as they fall due for the foreseeable future. being a persod of at least he1ve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concem basi$ in preparing the financial statements. Page 2
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 b. Rgserves policy 11 is the policy of the charity that unreslricled funds which have nol been designated for a specific u$e should be maintained at a level equivalent lo two month's expenditure. The trustees considef that reserves at this level will ensure that, in the event of a signifi'cant drop in funding, they will be able lo continue the charity's current activities while nSIderatIon is gThien to ways in which additional funds may be raised. At 31 March 2022 the feserves amount lo £2.096. c. Principal rlsks and un¢ertalntles The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo mitsgate exposure lo Ihe major risks. d. Prlnclpal fundlng The charity's income is made up primarity of donations and gift aid claims. 93.1°h12021: 98.9%) of the charitys expenditure was used to provide grants to institutions that the charity aims to supporL Govemance costs related to accountancy seryices and independent examiners fees. The charity recorded a net surplus of £44,97712021.' deficit of £64,800) for the year. o. Flnat)clal roview The Slalemenl of financial activities set out on page 7 of the financial slalements shows how the Trust's incoming resources have been expended in the year ended 31 March 2022. Total incoming resources amounted lo £158.04412021.' £660.500), which comprised income from donations. Resources expended amounted lo £113,067 12021= £725,300), with £105.267 12021- £717,500) defrayed in making grants and £7.80012021." £7,800) on g9veman costs. Overall, the nel increase in funds for the year was £44,97712021: net deficit of £64,800). The statement of financial wsilion set out on page 8 of the financial statements showg the financial posf(ion of the Trust at 31 March 2022. Nel current assets amount lo £2,09612021". net current liabilities of £42,881) which is represented by the surplus 12021.. deficill Dn the unrestricted income fund. The net assets of the unreslricled income fund are lo be applied towards the Fund's grant making activities and lo meet the Fund's ongoing overheads and adminislralive expenses. Stru¢turè. govèrnance and management Con8tltutlon The charity was established by a charitable Trust Deed dated 9 May 2012 and registered on 20 September 2012, and is an unineorporaled charitable trust bound by the proper law of England and Wales. The settlors are lan and Natalie Livingstone. Page 3
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 structure, governance and management ltontlnuodl b. Mothods of appolntment or eloction of Trustees The trustee5 who served during the year and up to the dale of signature of the financial slalements were.. lan Livingslone Natalie Livingslone Mark Levitt The power of appointing new or additional trustees vests with the existing trustees and they musl be appointed by a resolution of the Trustees passed al a special meeting called under Clause 15 . There musl be al least Trustees and no more than four Trustees. ¢. Organisational structure and dgcislon-making policl•s The entire resources of the charity are unrestricted and the trustees have complete discretion for their use. The trustees meet al properly convened meetings lo review the assets and finanS of the charity and to consider new donation appeals. There are no significant restrictions in the way the charity can operate and there have been no changes of policy since the signing of the TTUSt Deed. The trustees, investment powers are unreslrided. d. Policies adoptod for the Induction and training of TTUSt088 Training of the trustees, is undertaken on an informal basis. Each new Trustee upon his or her first appointment will be given a copy of the TTUSI Deed and any amendments lo it, as well as a copy of the Charity's latest report and statement of accounts. All trustees are kept infomied al meetings of their duties and obligations under the law in addition to their proper conduct. Plans for future p•rfods The trustees have no plans to change the charitys actsvilies. Page 4
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Statement of Tru$tee8' respon$lbllltig$ The Trustees are responsible for preparing the Trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable lo chaTlties in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including ils income and expenditLÈre, for that period. In preparing these financial slalemenls. the Trustees are required to.. select suitable accounting policies and then appty them consistently., observe the methods and principles of the Charities SORP {FRS 1021., make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the fi'nancial slalemenls., prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in busines The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are 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 signed on their behalf by.. Livin stone Dale-. 3010112023 Page 5
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Indopgndont examinor's report to the Trustees of The lan & Natalie Livingstone Charltable Trust I'the charlty'l I report lo the trustees on my examination of the financial slalemenls of The lan & Natalie Livingstone Charitable Trust I'the charity"} for the year ended 31 March 2022 which comprise of the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely lo the charitys trustees, as a body, in accordan with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to stste to them in this report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body. for my work, for this report, or lor the opinions I have formed. ResponBibilltlo$ and basi8 of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordanco with the requirements of the Charities Act 2011 I'lhe 2011 Acl'l. I report in respect of my examination of the charity's finanryal statements 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 145{5llbl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial slatemenls. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fairf view and my report is limited to those specihc matters sel out in the independent examiner's statement. Indopendent examlnor's statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Stsndard 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 financial slalemenls to provide a true and fair view in aordanCe with the Generally Accepted Accounting PTactice effective foi reporting peri¢xls beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attentson 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 financial statements do not aecord with those records., or the financial statements do not comply with the applicable requirements cOnrning the form and content of linancial slalements set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the financkgl ststemenls give a 'lrue and fairf view which is not a matter Considered as part of an independent examination. Page 6
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements to be reached. Signed.. Dated.. 30.01.2023 Andrew Moss FCA Lewis Golden LLP Chartered Accountants 40 Queen Anne Street London W1G 9EL Page 7
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Notg Income from: Donations and legacies 158.044 158,044 660,500 Total Incom 158.044 158,044 660,500 Expenditure on: Charitsble activities 113,067 113,067 725,300 Total expenditurè 113,067 113,067 725,300 Net movomgnt in funds 44,977 44,977 164,80QI Reconciliation of funds: Total funds brought fcirward Net movement in funds 142,8811 44977 {42,881} 44.977 21,919 164,8001 Total funds Carrigd forward 2,096 2.096 142,8811 The Statement of financial activities includes 811 gains and losses recognised in the year. Page 8
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Current as8ets Debtors Cash al bank and in hand 30,994 902 137,767 452 31.896 138,219 Creditors: amounts falling due within one year 10 129,8001 1156,1001 Net current assotsllliabilbtiesl Creditors.. amounts falling due aftgf more than one year 2,096 {17.881} 11 125,0001 Totsl net ass6t8llllabllltig$) 2.096 142,8811 Charity funds Unrestricted funds 12 2.096 142,8811 Total funds 2.096 142,8811 The financial statements were approved and authorised for issue by the Twstees and signed on their behalf by.. lan Llvlngstong liè Ll¥lng$ton8 Date.. 3010112023 The notes on pages 10 to 19 form part of these financial stalem&nts. Page 9
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PJlARCH 2022 Gonoral infom)atlon The lan & Natalie Livingstone Charitable Trust is an unincorporated charity regisleTed in England and Wales with charity number 1149025. The principal address is 16 Great Queen Street, Covenl Garden, London, WC2B 5AH. The firsancial statsments are presented in Sterling 1£), which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded lo the nearest £. Accounting policie8 2.1 8a818 of preparation of flnancial 8tatoment8 The financial slalemenls have been prepared in acwrdance with the Charities SORP IFRS 1021 AoUnting and Reporting by Charities.. Slalemenl of Recommended Practi applicable to charf(ies preparing their financial statements in accordance with the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 102112nd Edition, effective January 20191 I'charities SORP"}, 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 lo give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'lrue and fair view,. This departure has involved following the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial slalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Reporting by Charities.. Ststement of Recommended Practice effective from 1 April 2005 which has Sin been withdrawn. The lan & Natalie Livingstone Charitable Trust meets the d8finition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant aoUntIng policy. 2.2 Going con¢grn After making enquiries, the trustee5 have a reasonable expectation that the charity has adequate resources to Continue in operational existen and meet its liabilities as they fall due for the foreseeable futLsre, being a period of at least twelve months from the dale these financial slalemenls were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 2.3 Incom8 All income is recognised once the charity has enlidemenl lo the income, il is probable that the income will be reiVed and the amount of income le1vable can be measured reliably. Income tax recoveiable in relation to donations received under Grft Aid or deeds of covenant is recognised al the time of the donation. Page 10
THE IAN & NATALIE LIVINGSTONE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting pollcle8 Icontlnuod) 2.4 ExptndStur• ExpenditLtre is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third paty, it is piobable that a transfer of ecoriomic benefi'ts 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 costs allribulable to a single aclivty are allocated direclty lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportionod behNeen those activities on a basis consistent with the use of resources. Expenditure on charitable activf(ies 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 Whe 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 commitment, bul not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Dobtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the dale of acquisitson or opening of the deposit or similar account. 2.7 Liabilities and provlsion$ Liabilities are recognised when IheTe is an obligation al the balance sheet dale as a SuIt of a past event, it is probable that a transfer of economic benefil will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates il will pay to settle the debt or the amount il has received as advanced payments for the services it must provide. 2.8 Flnancial instruments The charity has elected to 8ppty Sect¢ons 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities a recognised when the charity becomes paty lo the contractual provisions of the instrument. Financial liabilities and equity instrumonls are classified according to the substsnce of the contractual arrangements entered into. The charitys policies for ils major classes of financial assets and financial liabilities are sel out below. Page 11
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting pollcles Icontinu•d} Financlal instrumonts (contlnuodl Finan¢lal assets Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised al Iransa¢lion price, unless the arrangement conslilutes a financing Iransaclion, where the transaction is measufed al the present value of the future receipts discounted al a market rale of intsresl for a similar debt instrument. Financing transactions are those in which payment is deferred beyond nomial business terms or is financed al a rale of interest that is not a market rate. Such assets are subsequently carried al amortised cost using the effective interest method, less any impaiTment. Flnancial Ilabilities Basic financial liabilities, including trade and other creditors, that are classrfied as debt, are initially recognised al transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond nomal business terms or is financed at a rate of interest that is not a market ral8. Debt instruments are subsequently caTried at amortised cost, using the effective interest rate method. Impairm•nt of financial assets Financial assets measured al cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impaimient is found, an impairment loss is recognised in the statement of finanryal activities. For financial assets measured at cost less impairment, the impaimenl loss is measured as the differen between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if rt were to be sold at the reporting date. For financial assets measuied at amortised cost, the impaiment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rale determined under the ntracl. If there is a decrease in the impairment loss arising from an event occurring after the impaimienl was recognised, the impaiment is reversed. The reversal is such that the current carrying amount does not exceed what the caTrying amount would have been had the impaimient not previously been recognised. The impaimenl reversal is recognised in the slalemenl of financial activities. Page 12
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policios {continued Financial Instruments (¢ontSnued} Derecognition of flnanclal assets and financial liabilities Financial assets are derecognised when lal the conlraclual rights to the cash flows from the asset expire or are settled. or Ibl substsntially all the risks and rewards of the ownership of the asset are transferred to another paty or Icl despite having retained some significant risks and rewards of ownership. control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset lo an unrelated third party without imposing additional restrictions. Financial liabilits'8s are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Chfsettlng of flnanclal assets and financial liabllltle8 Financial assets and liabilities are offset and the nel amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. 2.9 Fund accountlng General funds are unrestricted funds which are available foi use al the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have l)een raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each roslricted fund is set out in the notes lo the financial slalemenls. The Charity had no restricted funds for the period under ieview. 2.10 Employees There were no employees during the year12021- 01. No employee received remuneration 8mounting lo more than £60,000 in the year. Page 13
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from donations Unrestrictèd funds 2022 Total funds 2022 Donations Gifts in kind 155,044 3,000 155.044 3.000 Total 2022 158.044 1 $8,044 Unrestricted funds 2021 Total funds 2021 Donations Gifts in kind 657.500 3,000 657,500 3,000 Total 2021 660,500 660,500 Analysis of grants Grants to Institutions 2022 Total funds 2022 Grants funding of aGlivities 105.267 105,267 Grants lo Institutions 2021 Total funds 2021 Grants funding of activities 717.500 717,500 Page 14
THE IAN & NATALIE LIVINGSTONE CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of grants {continuedl The charity has made the following material grants lo institutions dLsring the year.. 2022 2021 Namg of institution Great Ormond Street Hospital Children's Charity Little Village Dalaid London Academy of Excellence Tottenham The Jagclif Charitable Trust Magen David Adom UK Highgate School Hasmonean High School Make-A-Wish British Academy of Film & Television Arts Chicken Soup Shelter London Music Fund 400,000 190,000 50,000 41,500 20,000 10,000 5.000 50.000 20,000 10,000 10,000 6.267 5,000 4.000 105.267 716,500 Other grants lo institutions of less than £2,000 each 1,000 105.267 717,500 The grants were made for the following PUfPOSe:. Dalaid for the purpose of relief of povety and advaneemenl of Jewish education. Highgate School for Bursary Fund, lo enable a pupil lo join the School in Year 7 on a hjll-fee bursary. Hasmonean High School, towards educating the Orthodox Jewish Community of North-west London. Make-A-Wish, lo grant children with ctitical illnesses their one true wish. Chicken Soup, towards their soup kitchen Pesach appeal. London Music Fund to support a fundraising luncheon and towards a four-year scholarship. British Academy of Film & Television Arts, to support tslent in the arts. Page 15
THE IAN & NATALIE LSVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analy818 of oxpendlture on charitablg a¢tivitiO$ Summary by fund type Unrestrlcted funds 2022 Total 2022 Charitable expenditure 113.067 113,067 Unrestricted funds 2021 Total 2021 Charitable expenditure 725,300 725,300 Analysis of expendlture by activities Grant fundlng of activities 2022 Support costs 2022 Total funds 2022 Charitsble expenditure 105,287 7,800 113.067 Grant funding of activities 2021 Support costs 2021 Totsl funds 2021 Charitable expenditure 717.5QO 7,800 725,300 Page 16
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analy818 of expendlturn by actlvltle$ Icontlnued} Analysls of support costs Total funds 2022 Activities 2022 Govemance costs 7,800 7,800 Total funds 2021 Activities 2021 Govemance costs 7,800 7,800 Independent examinerfs remuneratlon The independent examiner's remuneration amounts to an independent examiner fee of £4,DOO + VAT 12021 - £4,000 + VATI. Trustges, remuneratlon and expense8 During the year, no TTuslees received any remuneration or olher benefils12021- £NIL). During the year ended 31 March 2022. no Trustee expenses have been incurred12021- £NILI. Mark Levitt who is a trustee, 18 also a partner al Blick Rothenberg Limited, who provided accountsncy, administration and other services to the Trust free of charge. The commercial value of the Servi is £2.50012021.. £2,500) net of Value Added tax recognised as a gift in kind. Debtors 2022 2021 Due within one year Other debtors Grfi aid re1vable 6,267 131,500 30.994 30,994 137,767 Page 17
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Creditors: Amounts falling due within one year 2022 2021 Other creditors Accruals Accruals for grants payable 4,800 4,800 146,500 4,800 25,000 29,800 156,100 11. Craditors: Amounts falllng due aftèr morethan one year 2022 2021 Accrued grants payable lo institutions 25,000 12. Statement of funds Statsment of funds- current ygaT Balance at 31 March 2022 Balance at 1 April 2021 Income Expendlture Unrestricted funds General Funds 142,8811 158.044 1113.067) 2,096 Statement of funds - prlor ygar Balance al 31 March 2021 Balance al 1 April 2020 Income Expondilure Unre8trlcted funds General Funds 21,919 660,500 1725,300) 142.8811 Page 18
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Analysis of net assots between fundB Analysis of net assets betweèn funds - current year Unrestricted funds 2022 Total funds 2022 Current assets Creditors due within one year 31.8 129,800} 31.896 129,8001 Total 2,096 2,096 Analysis of net a888ts betwoen funds . prior year Unrestricted funds 2021 Total funds 2021 Current assets Creditors due wrthin one year Creditors due in more than one year 138,219 138.219 1156,100} 1156,1001 125,0001 125.0001 Total {42,8811 {42,881} 14. Related party transactions During the year ended 31 March 2020, tho charity made a donation of £25,000 lo the British Academy of Film and Television Arts, which included an amount of £6,267 of benefits in respect of a trustee attending the awards. The trustee agreed lo reimburse the Trust for any benefits reiVed and the amount was recognised as a debtor in the previous accounts. No trustees attended the British Academy of Film and Television Arts or received any benefits. Accordingly, the £6,267 is no longer due from the trustee and has been recogni8ed in these o¢wunt as a grant to the British Academy of Film and Television Arts. Page 19