Ch•dty numbor. 1149025 THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
THE IAN & NATALIE LMNGSTONE CHARITABLE TRUST CONTENTS Page Ref•rene8 and 4dmlnlstrallve d•tsll$ of the ch•rlty. Its Trusto9s and idvl$•r• TrustO08' rnport Ind•pgnd•nt oxamInol r•port 8tatsm•nt ol flnancl•l •ctlvltl Balan •h••t Not•• to the fln•nclal •tsl•monts 8-18
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARI, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Tru8tse8 lan Livingstone Natalie Livingstone Mark Lgvltt Charlty roql•tsrod number 1149025 Prlnclpal offlc• le Great Queen Street Cnvènl C?arden London WC28 SAH .4c¢ount•nts Blle.k P.olher4.ber l imi+ed Chartered Accountants 16 Graal Queèn Str881 Covenl Garden London WC2B SAH Ind0p•ndont Ex•mln•r Pela Parkèr FCA Lewls Golden LLP Charterod AGwuntsn15 40 Queen Anne Street London W1G9EL BJnkor• Coutts & Co 440 The Strand London WC2R OQS Pago 1
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Th8 Trustees present their annual report together with the flnanoal statements of The lan & NatslY& Livingstone Charitable Trust for the year 1 April 2022 to 31 March 2023. The financial statements have been prepared in accordance with the accounllng polScSes sel out In note 2 to the financial slalements and comply wth the charills Trust Deed, Ihe Charities Act 2011 and the rolevant verslon of the Slalemenl of Recommended Practica applicable lo charilles preparlng their linanclal slalemenls in 8cGord8nce wllh the Financial Reports'ng Standard applicable in thg UK and Republic of Ireland IFRS 1021. ObJ•ctlvas and actlvltl•s a. Pollcl•• and obJ•ctlvo• The charflls objects are foGu$ed on tho SUPPOrt of charftle8 whos¢ fo¢u8es are on chlldren and dlsadvanlaged groups. Th8r8 has bagn no change in thi8 durlng the year. Publlc 8on•lft In compliance wlth Soction 17 of th• Charillès Act 2011, the Chailly conllnued lo support charllles whosg focuses are on children and dlsadvanlaged groups. This was achieved Ihrough grants made lo varlous Institutions connected with children's and youth's welfare as disdosed in Note 4 to the financial stal8menl5. The Iruslees have paid due rogard lo guldanGe Is9ued by the Chartty Comml8slon In dacldlng what acllvllles the charity shoull undertake. 11 is the pollcy of the Trust888 lo mak8 grants to a wlde range of charllable bodles, focusing on chlldr8n Bnd disadvantaged groups whlch arg r8gisleréd wlh the Charity Commission lor England and Wales, or are exempt charilies within the meaning of tho Charities Act 2011. Grant opplications of up to £250.000 will be considered and may be made towards revenue, capital or prolect expendiluie. Applicallon$ from Indlvidua18 seeking per80nal support wlll not be Consored. AchSov•ment8 and perforniance M•ln achlov•monts of the charlty During the y¢ar. thg Charity ¢onlinued 11$ support of young Londoners and other disadvantaged group chari119S by m8king major grants paid lo Great Ormond Street Hospital of £175.31512022.. £NILI. Total grants paid by the chadty during the year amounled to £497,30712022'. £105.2671, repr8sentlng 103%12022- 67%) of the incoming rosourc8$, Incom8 from donallons and legacles dung th8 year amounted to £483,068 {2022.' £158,044> which included GSft Ald claim r8ceivable during the ar of £42,50012022.. £30,994) and gifts In kind of £3,00012022.' £3,000>. Flnanclal TovI•w a. Golng concern The ch8rlty's total funds were In deftcll by £19,943, whlch Is covered by future dOnaOn$ from lan Llvlng8tone. After making enquirie5, the Iru5tees have a reasonable exp8clallon that the charity has adequate resources lo continue in operational existence and meet ils liabilitie5 as they fall due for the foreseeable future. This spans a P8ri0d of al least e1v8 months from the dale these financial statements wera approved. Accordingly, they continue lo adopt the gdng concern basls in preparing the financial st818menls. Pagg 2
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 b. Re¥erve$ poll¢y It Is the policy of the charlty that unreslricled funds wh6ch have not been desSgnated for 8 specific use should be maintsined al a lev818quivalgnt lo two month's expenditure. The ITuslees consider that reserves at this lev81 will ensure that. in the event of a significant drop in funding. they wlll be 8bl8 lo continue the charity's current activities whilè consid6ration is given to ways in which additional funds may be raised. Al 31 March 2023 the reserves amount was a dgficit of £19,943. The Trustses are awar8 that the reseN8s at th8 reporting dal8 do not meet the cdleria of the reserve$ policy. H¢)wever, the Trustsèes ara of tho opinion that they wll maintain the requir8d level of reserved in future years. c. Prlnclpal rlsks and unc•rtalnti I I Iv li 6SavoaE¥u 141c li*#IOI i LU thv ttidiity Is éAVUl>¥U. ailu thi'¥ ¥¥li¥fi¥d Ilitti ¥YL¥l[l¥ 141¥ 111 place lo mitigate exposure lo tho maior rlsks. d. Prlnclp•l fundlnq The ch8rS1l8 Income Is mad8 up prlm8rily of donats'ons and glft aid clalm8. Governance costs related to Independent èxamin8rf$ fees. The ch8rity recorded a nel deficll of £22,03912022.' Surplus of £44,977) tor th8 year. •. Fln•n¢l•l r•vl•w The Stal8menl of flnanclal advllles out on page 6 of the financlal slalements $hows how the Trust'$ Inwming resources have been expended In the year endgd 31 March 2023. Totsl incoming rgsourGes amounted to £483,06812022'. £158,044), whlch comprfsed Income from donations. Resources expended omount•d to £505,107 12022.. £113,G£71, with £497.307 12022.. £105,267) defrayed In m8klng grants and £7,80012022.. £7.8001 on governance costs. Ovarall, the net d8crea88 in funds for th8 year was £22.03912022: not Incr6a8e of £44.977). The 8tatement of financlal position s81 out on page 7 of the financlal ststem8nts shows the financial posllion ol the Trust al 31 March 2023. Net current as5els amount to £107,557 12022.. £2.0961 which is represented by debtors of £42,500 12022: £30,994) plus cash al bank and in hand of £107,357 12022: £9021, 1g¥s ¢urr8nt liabilities of £42,30012022'. £29,800). Total nel Ilabllllle5 8rn0unl to £19.94312022.' nel assèts of £2,096) whlch Is represented by th8 closing balance on the unreslricled funds 8fter taklng Into consldefalion the don8llon$ payable after more than one year of £127,50012022-. £Nill. Structure. govemance and managemgnt . Constltutlon The charity was estsblished by 8 charitable Trust Deed dated 9 May 2012 and gISted on 20 September 2012, and is an unincorporated tharilable trust bTr by the prop8r18w of Engl8nd and Wales. The settlors are lan and Natalie Livingslone. Page 3
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 structure> goveinance and m4nagement Icontlnuedl b. Method8 of appolntment or electlon of Truotg98 Th• tru$t•¢s who seNed during thg year and up lo the dale of signatur& of th8 financial statements W8r8'. lan Livingston8 Na181ie Livingslone Mark Levill The power of appolnllng new or addltlon81 trustoos ve$18 wllh the exi81ing trustees and they mu81 be appolnted by a resolutlon of the Trustegs passed al a &pecl81 m8eUng called under Clause 15 . There must be al least two Truslees and no more than four Trustees. OrganlsJtlon¥l #lructur• and d•clslon.maklng pollci88 The entire resourGa$ of the chadty are unre51ricled and the trustees hava complete discretion for their u88. The Iru$t•O$ rno01 at prop8rly convened meellngs lo review the assets and finances of tho charlty and to con81dar new donation app8815. There are no slgnificant roslrictions In the way the charlty can op8r818 and there have been changes ol polScy slnc• the Signlng of tt)6 Trust Deed. The tru3tee8' investment power8 are unrgstrlcted. d. Pollcl•8 adopt•d for the Inductlon and tralnlng of Tru•loal Tralnlng of the trustees. is undertaken on an informal basi8. Each new Tnjstee upon his or her first appointment will be given a copy of the Trust Deed and any am8ntsrnonl$ toll. a$ well as a copy of the ChariW8 latest report and slalemenl of account$. All trustees are kept Informed al meellngs of their duties and obligations under the law in addlllon to Ihelr proper conduct. Plan$ for futur• p•rlod• The Iruslee8 have no plans to change the tharills activities. Approved by order of the members of the board of Trustees and signed on their behalf by: lan Livingston• Date.. 1 Page 4
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 FOR THE YEAR ENDED 31 MARCH 2023 Indepfjndent examlnef8 report to the Truste¢8 of The lan & Natslle Llvlngstone Charltable Trust I'th8 ¢harlty'} I report lo the Iruslees on my oxaminalion of the financial stalemenls of The18n & Natalie Livingstone Charilabl Trust I'lhe charily'l for the ye8r ended 31 March 2023 whlch comprise the Statement of Financial Actlwlies, the Balance Sheet, the Statement of Cash Flows and related notes. This report is made solaly to the charity's trustees, 8$ a body, in 8c¢ordance wlth soction 145 of the Charities Act 2011. My work ha¥ beon undertaken so that I might slate lo the charity's trustees those matt8r818m required lo slate lo them in this ieport and for no other purp08e. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the charity and the charily's Iruslees as a body, for my work, for th1$ report, or for the opinions I have formed. R••ponslbllStl•s and ba81s of roport As the Trustees of the charity you are responslble for the preparation of the accounts In 8ccord8nce wilh the requirements of the Chaiille5 Act 2011 Ilhe 2011 Acl'l. I report in r05pecl of my exarnln811on ol th8 charills accounts carried out under section 145 of the 2011 Act and In cgrrying out my examln8llon I have followed the applicable Dlre¢lions glven by the Charfly Commi88ion under Secllon 14515llbl of tho 2011 Act. An independent examlnallon does not Involve gathering all the evldence thal would b8 requlred In an audit and consequently does not COV8r all the mallers that an auditor conslders In glvlng Ihelr oplnlon on the flnancial slalemenls. Tho plannlng and conduct of an audit goes beyond the IlmSled assurance thèt an Independent X8mlnalion can provido. Consequently l express no oplnlon as lo whether the financlal statements present a 'Irue and falr. vl8w and my roport is Ilmlted lo those speclllc matterg sel out In the independont examiner's slalemenl. Indepondont examlnorfs •tat•m•nt Sln¢g the trust's gros8 Income exceeded £250.000 your examlner must be a member of a body lisled In s¢cllon 145 of the 2011. 1 confirm that l 8m qualified lo undertake the ex8mln8tion because l 8m a member of ICAEW, whlch is one of Ihe118ted bodies. I hav¢ completed my examinallon. I conflrm that no m8terial matters have come to my attention in connectlon wSlh the examinallon giving me cause to believe that In any material r8spect'. accounting records were not kept in respect of the charity as required by Section 130 of tha 2011 Act: or the iccounls do not accord wllh those records.. or the accounts do not comply wilh the applicable r8quirBmenls conc8ming the form and content of accounts sel out in the Charrties (Accounts and Rgportsl Regulations 2008 other than any requirement that the accounts give a 'lnJe and fairf vlew which is not a matter considered as part ¢f an Sndepèndenl examination. I have no concerns and have come across no other mallers In connection wlth the examination lo which attention should be drawn in Ihls report in order to enable a proper underslandlny of the financial slalements lo be r&ached. Daled.- 26 J8nu8ry 2024 FCA Pela Parker Lewls Golden LLP Chartergd Accounlanls 40 Queen Anne Stet London W1G9EL Page 5
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2D23 Unr•strlctsd funds 2023 Total fund¥ 2023 Totsl funds 2022 Not• Incomè Irom: Oonations and legacies 483,068 483.068 158,044 Total Income 483,068 483.008 158,044 Exp•ndlture on: Charitable actbvilies 505,107 505,107 113,067 Total •xpgndlture 505,107 505,107 113,067 Net movement Sn funds 122.039) (210391 44,977 Reconclllatlon of fund¥: Total funds brought lorward Nal movement in funds 2,096 122,0391 2,096 122.0391 142.881) 44,977 Total fundi carrl•d forward (19,943) {19,g43) 2,096 The Slalemenl of financlal acllvitles includes all gains ar loss88 recognlsed In the year. The notes on pag65 8 to 18 form part of these Ilnanclal 51alemenl8. Pag8 6
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Nots Currnnt auots Debtors Cash at bank and In hand 42,500 107,357 902 149,857 31.896 Credllor8'. amounts falllng due wbthln on6 ya8r 10 142,300) 129,8001 N•t curr•nt 4••ots 107,557 2,096 T¢>tal aM•ts IM• curr•nt118bllttlel Cr¢dltors.' amounts falllng dug after more than one year 107,557 {127,5001 Totol n•t a•8•t• {19,943) 2.096 Charlty fund• UnreBITl¢l8d fund8 12 119,943) 2.096 Total fund• 119,943) 2,096 The financial statements were a nd aulhorls8d for Issue by the Tru8lee ond signed on Ihelr behalf by.. lan Llvlnq8ton• Natall• Llvlng8tono Dato: The not88 on poges 8 to 18 fonn part of th888 flnanclal statsmonts. Page 7
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 G•nerttl infom)ation The lan & N8ts11g Livlngslon• Charitable Trust is an unlncorporat8d chafily registered in England and Wales with charity number 1149025. The principal address is 16 Great Que8n Street, Covenl Garden. London, WC2B 5AH. The financlal slalements a presented In Slerllng (£1. whlch Is the functlonal currency ol thè charity. Monetary amounts in th88e finan¢i81 $tatemen15 aro rounded to the nearest £. Accountlng pollcle8 2.1 B8818 of preparatlon C¢1 flnanclal 8tatemollts rh8 financial slalements have beon prepared in 8ccord8nce wllh Ihe Chariligs SORP IFRS 1021 Accounting and Reporting by ChaTilles- Statement of Recommended Pracllce applicabl8 lo chafilles preparing their linancial slalements in accDrdance with the Flnanclal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102112nd Edllion, effective January 20191 I Chari118S SORP"), the Fin8ncial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The flnanclal slatem8nt8 have en prepared lo give a Irue and fairf vlew and have dop8rted from th8 Charities (Accounls and R8POrtsl Rggulations 2008 only lo Ihe &xlenl requlred lo provide a 'lrue and IBlr view,. This d8partur8 has Involved followlng th8 rolev8nl version of the Ststem6nl ol Recommgnded Practice applicable lo ¢harltle8 prgparing their fln8ncial statem6nts In accordan¢e with the Financial Reporting Sl•nd8rd 8pplicab19 In the UK and Ropubllc of Ireland IFRS 1021 rather than th8 Accountsng and Reportlng by Charities.. Ststement of Rgwmmended Practice affective from 1 April 2005 whlch has slnc8 been wlth(Jrawn. The lan & Nalalle Llvlngslone Charllable Trust meets the deflnStlon of a publlc benefll enllly under FRS 102. Assets and Ilabllities are initially recognlsed al h18t0Cal oosl or Iran88¢llon valug un16ss olherwlse 6lated In the r818vanl a¢counling pollcy. 2.2 Golng ¢onc•m The chadty's lolal funds were In deficit by £19,943, which is covered by future donations from lan LSvingslone. After maklng enquiries, the Iruslees have a reasonable expectstion th8l the charity ha8 8dequale resources lo continue in operation81 existence and meet Ils liabilitie3 as they fall due for the foreseeable future. This spans a period ol al least twelve rnonlhs from the dale Ihgse financi81 statements were approved. Accordingly, they continue tr) adopt the going concern basis in preparing the financlal slalgments. 2.3 Income All income is reiwn18ed onc8 thè charlty has Bnlilloment lo the income, it is prob8ble that the income will be roceived and tho amount of income receNable can be measured rellably. Income tsx recoverablg in rel81ion to donal*)ns rec8Ned under Gfft Aid or deeds of covenant is recogn15ed al the lime of the donation. Page 8
THE IAN & NATALIE UVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollclel Icontlnuedl 2.4 Expondlture Expen(lilure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in sett19menl and the 8mount ol th8 obligation can bo measureé 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 8ctivily. Direct costs 8ttribulable lo a single artivity are allocated directly lo that activity. Shared costs which Contribute lo more than one activity and support costs ¥thich are not atlribulable lo a single oclivily are apportioned between those acllvllles on a bosis consistent with the use ol resources. Central staff costs 8re alloc8ted on the basis of Ume spent, and depreciation chaigas allocated on the portion ol the asset'8 use. Expendllure on charitable 8Ctivilies is incurred on direcdy undfjrtaklng th8 a¢livllie5 which further the charitls objectlV8S, 89 well as any associated 5UPPQrt costs. Grants payable are charged In th& year when th¢ offer Is made except In those cases where the offer Is condltSonal. such grants belng recognlsed as expendllure when the condlllons allaching are fulfilled. Grants offered sublecl lo conditions which have not boen met al the year end ar8 noted as commitment. bul not accrued as gxpendilure. All expenditure is indusfve ol irrecov8¥able VAT. 2.5 Debtorg Trade and other debtors arg recognlsed al th8 selllement amount after any trade di8¢0unl offered. Prepayments are valued al the amount prepald n¢t of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand includ88 cash and 8hort-1orm highly liquld investments with a short maturity of three months or less from the dole of acqui81tlon or openlng of the dep0811 or slmi18r 8¢¢ounl. 2.7 Llabllltlo8 and provlslons Liabililigs arg recognised when there Is an obllgallon at the balance sheet date as a r•sull of a past evenl,11 is probable that a transfèr of economi¢ benefit will be requlred in selllement, and tha amount of the settlement can be estimated reliably. Llabilitles are recognlsed at the 8mounl th81 the charity anticip8les il will pBy lo settle the debt or the amount il has received as advanced payment$ for the goods or servic8s It must provide. 2.8 Flnanclal Instruments The charity has elected to apply Sections 11 and 12 of FRS 102 in respect of flnancial inslrumenls. Financlal assets and financial liabilitie3 aro recognised when the charity becomes party lo the Th)ntra¢tual provisions of tho inslrum6nl. Financial liabilities and oquily instruments 8r8 cla88Sfled accordlng lo th8 substanc8 of the Gonlr8clual arrangements entered Into. The charitys policies for its malor classes of financial ass81s and ftnancial liabilities are set out below. Page 9
ThE IAN & NATALIE UVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollclè8 (contlnuedl Financial instrumants (contlnufjdl Flnan¢i•l a$•at• BasSc financlal asset8. Indudlng trade and other debtors and cash and bank bglanrKs are initially recogni8ed al transaction price, unle88 th8 arrangement con81ilules a financing Iran8actlon, where Ihe Iransacllon is measured al the present value of the futur6 receipts discoun18¢J al a market rat8 of Interest for a slmilar debt instrument. Financlng Iransacllons ar9 those in lch payment 18 dafgrred beyond nomial businè88 terms or is financed al a rate of interesl thal18 not 8 market rate. Such a8sets are sub8equenlty carrled al amortlsèd eosl using the effecllve inlere$t mothod,1885 8ny impairment. Flnanclal Ilabllltlei Basic flnanclal liablllll95, Includlng trade and other credllor8 are Inltlalty recognlsed al Iransactlon prlce, unless the arrangement conslllules a financing transactn, where the dabl Instrument Is measijred al the present value of the future p8ymen18 discounl8d al a markel ralo of interest for a similar debt Inslrum8nl. Flnancing Ir8ns8clions are Ih05e in which payment is deferred beyond nomi81 buslness temis or is financed 81 a rale of Inte$1 that is not a markel rate. Dobl inslrumonls oro subsoquontly carriod et amortlsed COBI, using the effect*ve intore$l r81e method. Imp•lrm•nt of fln•n¢l•l a••ots Fin8nGi81 as$$ls measurad al Gost and 8rn0rt1sed cost are assessed al the ènd of •a¢h reportlng period for objective evidance of imp8irmenl. If objecltve evidence of impaimienl is found, an Impalrmènl loss is r8cognI88d In the 8lal8m•nl of financial activllle8. For flnanclal assets measured at ¢o$l 16$$ impalmenl, the impalmient lo$$ 1$ measured as the ¢JillyiyiiL¥ L)¥1W¥lI Ili¥ 4bbvI'b L&iiyiiiy diiiuuiil urid Ili¥ b¥¥1 ¥s1iiTiate of the amount the charity would recelvè for the ass81 if il wore to be sold al the reportlng dale. For financial assets measured al amorti$¢d co$1, the Imp8irmenl loss Is mèasured as the dlfference between the asset's c8rrySng amount and the present value of 93timaled cash flows discounted al the asset's origlnal effectlve Interest rate. If the financial asset has a varlable inlgr051 rate, the discount rale for measuring any Impaimienl loss Is the current effective inl8resl rale determined under the contract. If there 15 a decTeasg in the imp8imienl Ioss arislng from an event occurring after the impalmienl was Tecognised, the impairment 15 reversed, The revorsal is such th81 the current carrying amount does nol exceed what the corrwng amount would have been had Ihg imp8irmenl not previously been recLJgnised. The impairment reversgl is recogni$8d in the statement of finanrial aclivilies. Page 10
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcl¢s Icontlnu•d) Financlal Instrumènts Icontlnuedl D•recognltlon of flnanGlal a8$0ts and flnancial Ilabllltio¥ Flnanc581 assets affj derecognised when (al the contractual rSghts to the cash flows from the a8SOt expire or ar8 selllod, or Ibl subslanlially all the rlsks and rowards of the ownership of th8 asset are transferred lo another party or Icl despi18 having r610ined some slgnificant rlsks and rewards of ownership, control of the asset ha8 bèèn transfèrred lo another party who has th8 practical ability lo unilaterally sell the 8s$et lo an unrelated third paty wllhotst imposing additional r651riclions. Finandal Ilabllllle8 are derecognlsed when th6 liablllly Is exllngulshed, th811s when tha conlra¢lu81 ob1lgat0n1& dl$¢harged. cancelled or explres. Offsettlng of Ilnanclal a8s•ts and Iln¥nclal Ilabllltle• Flnanclal assels and liabllllbs are off581 and the n81 amount reporte¢J In the balance Sheet when there 18 an enforceabl¢ right to Sel off the recognised amounts and there is an intention lo setde on a n81 basls or lo reallse the asset and sellle the liabillly simullaneously. 2.9 Fund accountlng General funds are unreslricled lunds which are 8V8i18ble for use al the discretion of the Truslees Sn furtherance of the general objecknves of the ¢harSly and whth hava not been destgnaled for other purpose8. Re$lriGted funds are funds whlch af& lo be used In accordance wllh S¢C r88lriclions Imposed by donors or which have been raised by the charity for particular purposes. Th¢ costs of Taising and administering such funds are charged ag8in8t the specific fund. The 8im and use of each reslricled fund Is sel out in the notes lo the flnancial statements. The Ch8rily had no re51rict&d funds for the Perlod under review. 2.10 Employees There were no employees during the year12022 - 01. No employee recelved remuneration 8mounllng to more than £60,000 In the year. Pagè 11
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incom• from dortJtlon• and l•gaclo8 Unrnstrlctod funds 2023 Total funds 2023 Donations Gifis in kind 480,068 3,fy)0 480,068 3,ODO 483,088 483,068 Unrostrlcted run¢J$ 2022 Total fund8 2022 Donation8 Gifts In klnd 155,044 3,000 155,044 3,000 158.044 158,044 Page 12
THE IAN & NATALIE LMNGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of grants GT•nt• to Instltutlon• 2023 Total funds 2023 Grants of fundlng aclNltl88 497,307 497,307 Grants to Institution8 2022 Total fund8 2022 Grants of fundlng a¢fjvltle8 105,267 105,267 The charity has the followlng malerlal grants to Sn8tttutlon8 durlng the y88r. 2023 2022 Nam• of In•titutl•n Dalald Highgate Sckn)ol Ha8mon8An Hlgh School MakfrA-Wlsh BIbSh Academy of the Fllm & Tolgvlslon Arts Chlcken Soup Shelter London Mu$l¢ Fund Bdllsh Fashion Council Found8tlon Great Ormond Street Hospital Frignds of the National Llbr8rios Wodd Jewish Rollef Queen8 College London BFI Philanthropy Chab8d Lubavilch Nottingh8m UK Friends of YAD Ylsroel 50,000 20,000 10.000 10,000 6,267 23,520 4,Crf)O 15.000 175,315 20,000 10,000 157,500 972 45,000 50,OQQ 497,307 105,267 Page 13
THE IAN & NATALIE UVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2023 Anatysls of gr•nts {contlnu•d) The gr8nts weTr mad9 lor th6 followlng purpose:. Hlghgale School for Butsary Fund, to enable a pupll lo loln the School in Year 7 on a full-fee bursary. Brlish Fashlon CounGII Foundalkjn. fof tho promotion of 168ding 8rillsh fashion deslgner8 In glob81 rnark81$, Great Ormond Straet Hospltal, for the fundlng ol medical research dedlcated solely to caring for children. Friend$ of the Nallonal Librari8s, to aM)8al to save Charfotte Bront8'8 m8nu8crlpt of the Book of Rh86 for tre N8tlon. Wodd Jewish Roligl, lo support tha lrfe-changlng and Ilf8*savlng action provided lo pèople in crlsi5 around the workl. Que8ns Coll8ge London. to cov9r the annual Gosl of lulUon, tdp8, study Te$ourc88 and othor Incldenl31 cos18 for a slud8nl's ¢areer al Queens College London. BFI Philonlhropy. to support pa81. present and future movlng Imagory. Chabad Lubavil¢h Nottingham, lo enhance the J¢wlgh campus expgri•ncA8 at Nottlngham and Nottingham Trent Univorsllle8. UK Friends of YAD Ylsrosel to support tho revSval of Jew18h IKe In the fomier Sovlet Unlon, a8 wo11 as asslsllng fomier Sovlel Jewry wherevgr they may bè. Anatysl• of •xpondltur• on Gharltsblo •ctlvltl•• Summary by fund typ• Unrnstrlctod funds 2023 Total 2023 Ch8rltablo expenditure 505.107 505,107 Unrestricted funds 2022 Totsl 2022 Charable expenditure 113,067 113,067 Page 14
THE IAN & NATALIE LIVING8TONE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDEO 31 MARCH 2023 Anaty818 of gxp•ndlturn by actfvi08 Grant fundlng of actlvltle8 2023 Support costs 2023 Totsl fundi 2023 Charltable expendlturo 497.307 7.800 505,107 Grant funding of aclivltios 2022 Support costs 2022 Total fund8 2022 Charitable expgndlluro 105,267 7.800 113,067 An•ty•l8 of •upport ¢o•t• Tot•1 lund• 2023 A¢tfvltle8 2023 Goveman¢a r))sls 7,800 7.800 Total funds 2022 Activltles 2022 Gov&rnance costs 7,800 7,800 Independ•nt •xamlne¢s r•mun•ratlon The Indgpendent examln6rfÉ remun8ratlon amounts to an indapendent ex8miner fee of £4,000 + VAT {2022- £4000 + VATI. Page 15
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Trnstms. rfrmunoratlon and •xpons•s During th¢ yaar, no Trust8e8 ree0iv6d any remuneration or other beneflt812022- £NILI. During th6 year ended, no Trustee expenses have been Incurred12022 - £NIL). Mark Levltt who is 8 truslee, Is also a partner al Bllck Rothenberg Llmlled, who provided accountancy admlnlslration and other 88rvlc¢s lo tha Trust free of charga. The commercial valuè of the seNice is £2,50012022'. p?.,.snni nfrjl nf Vaue Added lax rewgnised as a gift in klnd. D•btorn 2023 2022 Du• wlthln one y•ar Grft ald récelvable 42,500 30.994 42,500 30.994 10. Cr•dltors: Amount• falllng du• wlthln one y•ar 2023 2022 Acciuals Grants payable 4.800 37.51JO 4,800 25,000 42.300 29.800 11. Cr•dltors: Amounts falllng du• aft•r more than on• y•8r 2023 2022 Grants payable 127,500 Page 16
THE IAN & NATALIE UVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 MARCH 2023 12. Statemonl of fund• st#t•m•nt of funds - cufr•nt y•ar Balance at 31 March 2023 Balance a11 Aprll 2022 In¢om• Exp8ndltur• Unr•¥trlctod lund• Goneral Funds 483,068 {505,1071 (19,9431 8latsm•nt of fund• - prl*x yur Balance al 31 March 2022 Balance at 1 ApAI 2021 Income ExndIture Unro•trlcl•d fund• Ganeral fund8 142,8811 158,044 {113,067) 2,096 13. An•ly•l• of n•t a8••t• b•tw••n funds Analy•l• ol n•t a•Ml• botw••n fvnd¥ . curr•nt y•ar Unrestrlctsd fund• 2023 Totsl fund• 2023 Currenl as$8ts Cradi1018 due thIn one year Credltors due In more than on8 year 149,857 149.857 142.3001 {42,300) (127,5001 1127,500) Total (19.943) {19,9431 Page 17
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Anaty•ls ot net a88èts bfrtWo•n funds (contlnu•dl Analysls of not 88uts twO•fi fuMl•- prlor year Unro¥lrlctad funds 2022 Total funds 2022 Current assels Creditors due wllhln on• year 31.896 (29,800) 31,896 129,800) Total 2,098 2,096 14. R•l•t•d party tran••ctlon• Durlng the year ended 31 March 2023, Ign Llvlng8tone who16 a trustee of the charlly, donated £405,000 {2022.' £123,975) to the ¢harlly. Page 18