Charity number: 1149025 THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST CONTENTS Page Reference and administrative detalls of the charity, Its Trustees and advisers Trustees. report Independent examiner's report statement of flnancial activitie5 Balance sheet Notes to the financial statements 8-16
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees lan Livingslone Natalie Livingslone Mark Levill Charity registered number 1149025 Principal offlce 16 Great Queen Street Covenl Garden London WC2B SAH Ac¢ountsnts Blick Rolhenberg Limited Chartered Accountants 16 Great Queen Street Covenl Garden London WC28 SAH Independent Examln&r Pela Parker FCA Lewis Golden LLP Chartered Ac¢ounlanls 40 Queen Anne Street London W1G 9EL Bankers Coulls & Co 440 The Strand London WC2R OQS Page 1
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of The lan & Natalie Livingslone Charitable Trust for the year 1 April 2023 to 31 March 2024. The financial slalerllenls have been prepared in accordance with the accounting policies sol out in note 2 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable lo charities pparIng their financial slalements in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021. Oblectlves and activitie5 Policies and objectives The charity's objects are focused on the support of charities whose focuses are on children and disadvantaged gioups. There has been no change in this duiing the year. Public Beneflt In compliance with Se¢tion 17 of the Charities Act 2011, the charity continued to support charities whose focuses are on children and disadvantaged groups. This was achieved through gTants made lo various inslilulions conneded with children's and youth's welfare as disclosed in Note 4 to the financial slalements. The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what adivities the charity should undertake. It is the policy of the Trustees to make grants lo a wide range of charitable bodies, focusing on children and disadvanla9ed groups which are regislered with the Charity Commission for England and Wales. or are exempl charities within the meaning of the Charities Act 2011. Grant applications of up lo £250,000 will be considered and may be made lowaTds revenue, capital or project expenditure. Applications from individuals seeking personal support will not be considered. Achlevements and performance . Main achlevements of the charlty During the year. the charity continued its support of young Londoners and other disadvantaged group charitie8 by making major grants awarded lo UK Friends of Yad Yisorel of £50,000 and Little Village HQ of £121,500. Total grants awarded by the charity durin9 the year amounted to £357,48712023.. £497,307). representing 128Q 12023.. 1030/0) of incoming resources. Income from donations and legacies during the year amounted lo £279,30512023'. £483,068) which included Gift Aid claim receivable during the year of £55,761 12023.. £42,500) and grfts in kind of £3,000 {2023.' £3,000). Financial revlew a. Going concern The charity's lolal funds were in deficit by £107,87512023 - £19,943), which is covered by future donations from lan Livingstone. After making enqLJiries, the trustees have a reasonable expe¢lalion that the charity has adeouale resources to continu6 in operational existen and meet its liabilities as they fall due for the foreseeable future. This spans a period of al least twelve months from the date these financial slalements were approved. Accordingly, they continue to adopl the going concern basis in preparing the financial statements. Page 2
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 b. R8seNes policy 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo two month's expenditure. The Iruslees consider that reserves al this level will ensure that, in the event of a significant drop in fLJnding, they will be able ID continue the Charity's current activities while consideration is given lo ways in which additional funds may be raised. At 31 March 2024 the reserves amount was a deficit of £107,875. The Trustees are aware that the reserves al the reporting dale do not meet the criteria of the reserves policy. However, the Trusleees are of the opinion that Ihey Mqll maintain the required level of reserved in future years. c. Prlncipal risks and uncertalnties The Iruslees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo rniligale exposure lo the major risks. d. Prlncipal funding The charilws income is made up primarily of donations and gift aid claims. Govemance costs related to independent examinerfs fees. The charity recorded a net defici( of £87.932 {2023.. deficrf( of £22,039) for the year. e. Financial review The Statement of financial a¢livities set out on page 6 of the financial statements shows how the Trust's incoming resources have been expended in the year ended 31 March 2024. Total incoming resources amounted to £279,30512023.. £483,068). which comprised income from donations. Resources expended amounted lo £367,237 12023., £505,107), with £357,487 12023.. t497,3071 defrayed in making grants and £9,75012023.. £7.8001 on governan costs. Overall, the nel decrease in funds for the year was £87,93212Q23'. nel decrease of £22,039). The statement of financial position set out on page 7 of the financial statements shows the financial position of the Trust al 31 March 2024. Nel current liabilities amount lo £17,87512023'. nel current assets of £105,557) which is represented by debtors of £55,761 12023.. £42,500) plLJS cash al bank and in hand of £5,75912023.. £107,357), l&ss current liabilities of £79,39512023.. £42,300). Total nel liabilities amount lo £107,875 {2023'. net liabilities of £19,943) which is represented by the closing balance on the unreslricled funds after taking into consideration the donations payable after more than one year of £90,000 {2023.. £127.5001. Structure, governance and management a. Constltutlon The chari(y was established by a charitable Trust Deed dated 9 May 2012 and registered on 20 September 2012, and is an unincorporated charitable trust bound by the proper law of England and Wales. The selllors are lan and Natalie Livingslone. Page 3
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Structure. governance and management Icontinuedl b. Methods of appointment or alection of Trustees The Iruslees who seNed during the year and up lo the date of signature of the financial slalemenls were.. lan Livingslone Natalie Livingslone Maik Levilt The power of appointing new or additional trustees vests with the existing trustees and they musl be appointed by a resolution ol the Trustees passed al a special meeting called under Clause 15 . There musl be al least two Trustees and no more than four Trustees. c. Oryanisatlonal structure and decision-making pollcles The entire resources of the charity are unreslricled and the trustees have complete discretion for their use. The Iruslees meet at properly convened meetings lo review the assets and finances of the charity and lo consider new donation appeals. There are no significant reslriclions in the way the charity can operate and there have kjeen no changes of policy Sin the signing of the Trust Deed. The trustees, invostmenl powers are unTeslri¢ted. d. Pollcles adopted for the inductlon and tralnlng of Trustees 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 Trust Deed and any amendments lo it, as well as a copy of the Charity's latest report and statement of a¢¢ounts. All trustees are kept informed al meetings of their duties and obligations under the law in addition lo their proper conduct. Plans for future periods The Iruslees have no plans to change the charitls aclivilies. Approved by order of the members of the board of Trustees and signed on their behalf by: lan Livingston¢ Dale.. 2611112024 Page 4
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of The lan & Natalle Llvingstone Charitable Trust I'the charity'l I report to the trustees on my examination of the financial slalemenls of The lan & Natalie Livingslone Charitable Trust I'lhe charily'l for the year ended 31 March 2024 which comprise the Slalement of Financial Activilies. the Balance Sheet and related notes. This report is made solely to the charity's Iruslees. as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might slate to the charity's Iruslees those mallers l am required lo slate to them in this report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the ¢harily and the charills Iruslees as a body, for my work. for this report. or for the opinions I have formed. Responslbilities and basis of report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 Act'}. I report in respect of my examination of the charity's a¢¢ounls carried out under section 145 of the 2011 Act and in carryino out my examination I have followed the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 A¢t. An independent examination does not involve gathering all the eviden that would be required in an audit and consequently does not cover all the mallers that an auditor considers in giving their opinion on the linan¢ial 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 slalemenls present a 'Irue and fair, view and my report is limited to those specific matters sel out in the independent examiner's slalement. Independent 8xaminels statement Since the trust's gross income exceeded £250,000 your examiner must be a member of a body listed in se¢lion 145 of the 2011. 1 ¢onfirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material malleTS have come lo my allention in connection with the examination giving me cause lo believe that in any material respect.. a¢¢ounling records were not kept in respect of the charity as required by section 130 of the 2011 Act., or the ac¢oLJnls do not accord with Ihose records., or the accounts do not wmply wilh the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no GOnrnS and have come across no other matters in connedion with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. Signed.. Pela Parker Dated.. FCA Lewis Golden LLP Chartered Accounlanls 40 Queen Anne Street London W1G 9EL Page 5
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unyestrlcted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 279,305 279,305 483,068 Total income 279.305 279,305 483,068 Expenditure on: Charitable activities 367,237 367,237 505,107 Total expendlture 367,237 367,237 505,107 Net movement in funds 187,9321 187,5321 122.039) Reconciliatlon of funds.. TolaS funds brought forward Nel movement in funds 12 119,9431 187.9321 119.9431 187.9321 2,096 {22,0391 Total funds carrled forward 1107.8751 {107,8751 119,943) The Statement of financial activities inclLJdes all gains and losses recognised in the year. The notes on pages 8 10 16 form part of these financial slalements. Page 6
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 55,761 5.759 42.500 107,357 61,520 149,857 Creditors.. amounts falling due within one year 10 179,3951 142,300) Net current Ilabilities l assets 117.8751 107,557 Total assets less current liabilltles 117,8751 107,557 Creditors.. amounts falling due after more than one year 190,0001 1127.5001 Total net Ilabilities 1107,8751 119,9431 Charity funds Unrestricted funds 12 1107.8751 {19,9431 Total funds 1107,8751 119,9431 The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. lan Llvingstone Dale.. 2611112024 The notes on pages 8 10 16 fom part ofthese financial slalemenls. Page 7
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The lan & Natalie Livingslone Charitable Trust is an unincorporated charity registered in England and Wales with charity number 1149025. The principal address is 16 Great Queen Street, Covenl Garden, London. WC2B 5AH. The financial statements are presented in Sterling 1£), which is the functional currency of the charity. Monetary amounts in these financial statements aro rounded lo the nearest £. Accountlng policies 2.1 Basis of pr8paration of financial statements The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo Charities preparing their financial slalemenls in a¢cordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102112nd Edition, effective January 20191 I Charities SQRP I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalements have been prepared lo give a 'true and fair. view and have departed from the Charities IAc¢ounls and Reports) Regulations 2008 only lo the extent required lo provide a 'true and fair view,. This departure has involved following the relevant version of the Slalemenl of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in th& UK and Republic of Ireland IFRS 1021 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended Pracli¢e effective from 1 April 2005 which has since been withdrawn. The lan & Natslie Livingslone Charitable Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stsled in the relevant aecounling policy. 2.2 Golng concern The charills lolal funds were in deficit by £1 D7,875, which is covered by future donations from lan Livingslone. After making enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence and meet ils liabilities as they fall due for the foreseeable future. This spans a period of al least twelve months from the dale these financial slalemenls were approved. Accordingly, they continue lo adopt the going concern basis in preparing the financial stalemenls. 2.3 Income All income is recognised once the charity has enlillement to the income, il is probable that the income will be reiVed and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Page 8
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is re¢ognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il 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 aclivily. The ¢osts of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each a¢livily. Direct costs atlribulable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable lo a single a¢livily are apportioned between those activities on a basis consistent with the use of reSoUs. Central staff costs are 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 diredly undertaking the activities which further the charills objectives, as well as any associated 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 allaching are fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a commitment, bul not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.6 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar a¢¢ounl. 2.7 Liabllltles and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, il is probable that a transfer of e¢onornic benefit will be required in selllemenl, and the amount of the setllemenl can be estimated reliably. Liabilities are recognised al the amount that the charity anlicipales il will pay lo settle tho debt or the amount il has received as advanced payments for the goods or services il musl provide. 2.8 Financial Instruments The charity has elected lo apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and finan¢ial liabilities are recognised when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial liabilities and equity instruments are classified according lo the substance of the contractual arrangements entered into. The charity's policies for its rNajor classes of financial assets and linan¢ial liabilities are sel out below. Page 9
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Icontinuedl Financial Instruments Icontlnuedl Financial assets Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised al Iransa¢lion price, unless the arrangement conslilules a financing transaction. where the transaction is measured al the present value of the future receipts dis¢oLJnled al a market rate of interest for 8 similaT debt inslrumenl. Financing transactions are those in which payment is deferred beyond normal 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 impaimenl. Financlal liabilities Basic financial liabilities. including trade and other credf(ors are initially recognised al transaction price, unless the arrangement constilules a financing Iransa¢lion, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond nomial business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Impairment of financial assels Financial assets measured al cost and amortised ¢osl are assessed al the end of each reporting period for objective evidence of impairment. If obje¢live evidence of impairment is found, an impairment loss is recognised in the slalemenl of financial aclivilies. For financial assets measured al cost less impairment, the impairment loss is measured as the difference beeen the asset's carrying amount and the best estimate of the amount the charity would receive for the asset rf il were to be sold al the reporting dale. For financial assets measured al amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of eslimaled cash flows discounted al 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 contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised. the impaimienl is reversed. The reversal is such that the current carrying amount does not exceed wh8t the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is re¢ognised in the slalemenl of financial aclivitios. Page 10
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Icontlnuedl Financial instruments Icontlnuedl Derecognition of flnan¢ial assets and financial liablllties Financial assets are derecognised when lal the conlraclual rights lo the cash flows from the asset expire or are sellled, or {bl subslanlially all the risks and rewards of the ownership of the asset are transferred to another party or Icl despite having retained some significant risks and rewards of ownership, control of the asset has been Iransferred to another party who has the practical ability lo unilaterally sell the asset to an unrelated third party without imposing addition81 reslriclions. Financial liabilities are derecognised when the liabilily is extinguished, that is when the contractual obligation is discharged. cancelled or expires. Offsettlng of financlal assets and flnancial liabilitles Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the Tecognised amounts and there is an intention lo settle on nel basis or to realise the asset and settle the liability simultaneously. 2.9 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The ¢osts of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. The Charity had no restricted funds for the period under review. 2.10 Employees There were no employees during the year12022 - 01. No employe6 reiVed remuneration amounting lo more than £60,000 in the year. Income from donations and legacies Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Donations Gifts in kind 276,305 3.000 276,305 3,000 480,068 3,000 279,305 279,305 483,068 Page11
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of grants Grants to Institutlons 2024 Total funds 2024 Total funds 2023 Grants of funding activities 357,487 357,487 497,307 The charity has made the following material grants lo inslilulions during the year.. 2024 2023 Name of instltution Charleston Trust Highgale School Hasmonean High School Make-A-Wish FoLJndalion Foundation for Jewish Heritage Bell Halo¢hem UK Jrools Ltd British Fashion Council Foundation Great Ormond Street Hospital Friends of the National Libraries World Jewish Relief Queens College London BFI Philanthropy Chabad Lubavilch Nottingham UK Friends of YAD Yisroel Lillle Village HQ The Chicken Soup Shelter British Friends of United Halzalah Israel Variety, the Children's Charity Fundraising The Together Initiative 10,000 25.515 1.000 20,000 10,000 5.000 20.000 23,520 15.000 175,315 20,000 10,000 157.500 972 45,000 50,000 972 so.000 121,500 6,000 20.000 42.500 25,000 357,487 497,307 Page 12
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analy$is of grants Icontinuedl The grants were made for the following purpose:. Charleston Trust lo support of the Charleston Festival, one of the UK'S longesl-running literature festivals. Highgale School for a Bursary Fund, to enable a pupil lo join the School in Year 7 on a full-fee bursary. Hasmonean High s¢hool, lo support cenlres of educational excellence serving the Orthodox Jewish Community of North-west London. Make-A-Wish Foundation. lo help grant life-changing wishes for children with critical illneses. Foundation for Jewish Heritage, lo ensure that important Jewish archilechtural siles. monuments and plaS of cullural signifi¢ance in danger are preserved and re-imagined for a sustainable future. Bell Halo¢hem UK, lo support them in their missing lo remain devoted lo raising awareness and funds for Israel's wounded veterans and victims of terror. Jroots Ltd. to help provide meaningful and educational Jewish journeys lo pla8 of Jewish heritage. BFI Philanthropy, to support pa51. present and future moving imagery. UK Friends of YAD Yisrosel, lo support the revival of Jewish life in the former Soviet Union, as well as assisting fomier Soviet Jewry wherever they may be. Little Village HQ, to help make a difference lo families with babies and young children Ibving in poverty a¢ross London. The Chicken Soup Shelter, lo help support families and individuals struggling with poverty, hunger, and lonliness. British Friends of United Hatzalah Israel, lo help support emergency medical services provide the fastest response to medical emergencies a¢ross Israel. Variety, the Childrens Charity Fundraising lo support them in transforming the lives of disabled children in the UK. The Together Initiative. lo support the Together for Humanity Campaign - Higher Education,. Analysis of expenditure on charitable activitles Summary by fund type Unrestricted funds 2024 Total 2024 Totsl 2023 Charitable expenditure 367,237 367,237 505,107 Page 13
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expenditure by actlvltles Grant fundlng of activities 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable expenditure 357,487 9,750 367.237 505.107 Analysis of support costs Total funds 2024 Total funds 2023 Activities 2024 Governance costs 9.750 9,750 7,800 Independont examiner's remuneration The independent examinerfs remuneration amounts lo an independent examiner fee of £4,800 + VAT 12023- £4,000 + VATI. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefils12023 - £NILI. During the year ended, no Trustee expenses have been incurred12023- £NILI. Mark Levitt who is a trustee, is also a partner al Blick Rolhenberg Limited, who provided accountancy administration and other sorviS to the Trust free of charge. The commercial value of the seNice is £2,50012023'. £2,500) net of Vaue Added lax recognised as a gift in kind. Debtors 2024 2023 Due wlthin one year Gift aid receivable 55,761 42,500 Page 14
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Credltors: Amounts falling due within one year 2024 2023 Trade creditors Accruals Grants payable 5,760 5,760 67,875 4,800 37,500 79,395 42,300 11. Creditors.. Amounts falllng due after more than one year 2024 2023 Grants payatrjle 90,000 127,500 12. Statement of funds Statement of funds- current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expendlture Unrestrlcted funds 119.9431 279,305 1367.2371 1107,875 General Funds Statement of funds- prlor year Balance al 31 M8r¢h 2023 Balance at 1 April 2022 Income Expenditure Unrestrlcted funds General Funds 2,096 483.068 1505,1071 119,943} Page 15
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of net Ilabilities between funds Analys5s of net liabilities between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year Creditors due in more than one year 61,520 179,3951 {90,0001 61,520 179.3951 190,0001 Total {107,8751 1107,8751 Analysis of net liabilities between funds - prior period Unreslricled funds 2023 Total funds 2023 Current assets Creditors due within one year Creditors due in more than one year 149,857 149,857 142,3001 142,3001 1127,5001 1127,5001 Total 119.9431 119.9431 14. Related party transactions During the year ended 31 March 2024, lan Livingslone who is a trustee of the Charity, donated £223.045 12023.. £385,000) to the charity. Page 16