Charity roglstration number 1165308 THE IAN MAIDENS CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE IAN MAIDENS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees l G Maldens F Maidens A Cornwell Charlty number 1165308 Prlnclpal address 105 SPI Quay Heights 32 Shad Thames London SE1 2YL A¢¢ountants TC Group 5th Floor 3 Dorset Rise London EC4Y 8EN Bankèrs Lloyds Bank PIC 25 Gresham Street Londo EC2V 7HN
THE IAN MAIDENS CHARITABLE TRUST CONTENTS Pagg Trustees. report Independent examiners report ststgmenl of financial 8¢tivilies Statement of financial position Notes lo the financial slalemenls 6-10
THE IAN MAIDENS CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Truste8s presgnt their annual report and financial slalemenls for Ihg yoar 8ndgd 31 March 2024. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply Imlh the Trust's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities prepartng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. ObJ8cllves and actlvltl8s The Trust shall hold the capital and income of the Trust upon trust to apply the income, and all or such part or parts of the capital. al such tirne or times and in such manner lo. or for the benefit of. such exclusively ¢harilable objects and purposes in any part of the worfd as the TrLtslees may in their discretion think fit. The Trustees have paid due 98rd to guidance issued by the Charity Commission in deciding what activities Ihe Trust should undertake. Financial Teview Duling the period under review, the Trust's source of income derived from ils investment portfolio. amounting to £57,616 12023: £62.7821 in total, log9thgr with a small level of dorialions received. The Trust made charitsble donatsons during the year tolalling £50,100 12023.. £49,300) and each year has very liwe, if any, support and adminislrative costs. Al the year end. the Trust's funds had increased to £1,195,44712023: £1.048.2761, due primarily to movements in the market value of the investment portfolio held by the Trust in Ihe year. The funds available are sufficient lo permit the Trust to continue in operation for the foreseeable fvIuTe. Charities that reiVed ¢haritsble donations from the Twst In the period under revlew were.. Whitehawk Foundation, Brighton Papynjs Prevention of Young Suicide World Sight Foundation Up n'Away ITSA Digital Trust Orchid Cancer Appeal Hosplce in the Weald Get Sel Girls Dentsid Llmiled Designability Charity Limited Activileens Se¢ond Chance Village Water IMPACT Foundation Malaika Kids Soulhamplon University The Children's Trust Arms Around The Child Nourish Community Foodbank Climbing Outl The Quest School Wadhursl Warriors Heart of Kent HospSce
THE IAN MAIDENS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 It is the policy ol the Trust to maintain funds al a level in excess of expenditu. This provides for sufficient funtjs to be available for all management and adminislratlon costs as well as ensuring that adequate funds Continue to be available for the costs of meeting the Trust's charitable aclivilies. The balance held as endowment funds al the year end was £1,123,630 {2023.. £984,101> and the unrestricted fund was £71,81712023.. £64,175). All funds of the Trust are held for ils general PUTposes. Thg principal risk faced by Ihe Trust lies in the performance of investments and these are closely monitored. The Trustees continue lo assess the major risks to which the Trust is exposed. but are satisfied that systems and pro¢gdures are in pla¢e to mitigate exposure lo any major risks at (his stage Structure, governance and management The Trust was established by a ¢haritable trust deed dated 6 September 2015 and is a registered charity with registration number 1165308. The Trustees who served during the year and up to the dale ol slgn8ture of the financial slalements were.. l G Maidens F Maidens A Comwell Meetings of the Trustees are planned to be held periodically at which they agree the broad strategy and areas of activity for the Trust. The Trustees consider the board of Trustees as wmprising the key management personnel of the Trust in charge of dirfy¢ting and controlling the Trust and runnin9 and operating the Trust on a day to day basis. All Trustees give of their time freely and no Trustee Temuneration was paid in the period. The policies and purposes of the Trust should continue under the provision of the Trust Deed and the Trust aims to continue to meet Ils charitable objects. The Trustees, report was appTov8d by the Board of Trusteas. l G Maidens Trustee Dale..
THE IAN MAIDENS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IAN MAIDENS CHARITABLE TRUST I report to the Trustees on my examination of the financial slalements of The lan Maidens Charitablè Trust Ilhe Trust} for the year ended 31 March 2024. Responslbllltles and basls of roport As the Trustees of the Trust you are responsible for the preparation of the financial statemonls in accordance Tmth the requirements of the Charities Act 2011 Ithe 2011 Act). I report in respect of my examination of the Trust's financial statements carrted out under section 145 of the 2011 Act. In carrying out my 8xamination I have followod all the applicable Directions given by the Charity Commission under se¢tion 14515llbl of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that tho Charity ha5 prepared financial stslements in accordarice wrf(h Accounting and Reporting by Charities pparIng their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In preference lo the Accounting and Reporting by Charities.. Staternenl of Recommended Practice issued on 1 April 2005 which is referrgd lo in the extant regulations bul has now been withdrawn. l understand that this has been done in order for finan¢ial statements to provide a true and fair view in accordance with GenerallyAcpIed Accounting Practice effective lor reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act.. or the financial ststernenls do not accord wlth those records. or the financAal statements do not comply with the applicable requ1Ments ConMIng the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter Considgred as part of an Independent examlnallon. I have no concems and have come across no other matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper urKlerslandlng of the finan¢lal slalemenls to be reached. TC Group 5th Floor 3 Dorset Risg London EC4Y 8EN Dated..
THE IAN MAIDENS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Endowment funds funds 31 March 2024 31 March 2023 Not¢$ Income from: Donations and legacies Investments 18 57,724 18 57,724 62,728 Total income 57,742 57.742 62.782 nditure on-. Charitable activities 150,1001 150.1001 {49,3001 Nel gains I Ilossesl on investmen15 139.529 139.529 179.4641 Net movement In funds 7,642 139.529 147,171 {65.982) Fund balances at 1 Aprfl 2023 64,175 984.101 1.048.276 1.114,258 Fund balances at 31 March 2024 71,817 1,123.630 1,195,447 1,048,276
THE IAN MAIDENS CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Investments 10 1.193,757 1.041,633 Current assets Cash al bank and in hand 3,690 8,643 Current Ilabilltles 12 {2,000) {2,0001 Nel current assets 1.690 6.643 Total assets loss curront liabiliti•$ 1,195,447 1,048.276 Capital funds Expendable endowment funds Unrestrfcled funds 1,123.630 71.817 984.101 64,175 1.195.447 1,048,276 The financial Statements were approved by the Trustees and authorised for issue on 51 ed on ils behalf by.. and are l G Maidens Trustee
THE IAN MAIDENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity infomiatlon The lan Maidens Charitable Trust is a charity in England and Wales. Its principal correspondence address is 105 Spice Quay Heights. 32 Shad Thames, London, SE1 2YL. The nature of the charitys operations and principal activities are set out in the Trustees, Report. 1.1 A¢¢ounllng conventlon The financial slalements have been prepared in accordance with the Trust's Igoverning documenll. the Charities Act 2011, FRS 102 'The Finan¢i81 Reptsrting Standard applicable in Ihe UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities-. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandaid applicable in the UK and Republi¢ of Ireland {FRS 1021. leffe¢live 1 January 20191. The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charllies not lo prepare a Slalement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 onty to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial slaltrmenls have been prepared under the historical cost convention. modrfigd to indudg the revaluation of fixed asset investments al fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Trust has adequate resources lo continue in operauonal existence for the foreseeable future. Consequently the Trustees continue lo adopt tho going concgrn basis of accounting in preparing the accounts. 1.3 Charitsble funds Endowmenl funds are subject lo specific conditions by donors thal the capital musl be malnlalned by the Tnjst. 1.4 Income Income is recognised when the Trust is legally enlilled lo it, the amoun15 can be measured reliably. and il is probable that income w¢ll be received. Cash donations are recognised on receipt. Other donations are re¢ognised once the TrL¢sI has been nolthed of the donation. unless performance conditions require deforral of the amovnt. 1.5 Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trusl lo that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. l expenditure is accountèd for on an a¢cruals basis. All expenses induding governance costs are allocated or apportioned to the applicable expendItU headlngs. Governance costs are Ihosg incurred In connectlon wlth the management of the Trust. organisalional administration and compliancè wifh eonstilulional and ststulory requirements.
THE IAN MAIDENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies (Continued) 1.6 Non-current investments Fixed a5sel investments are initially measured al transaction price excluding Iransacbon costs. and are subsequently measured at fair value al each reporting date. Changes in fair valije are re¢ognised in nel incomellexpendilure} for the year. Transaction costs are expensed as incurred. Income from donations and legacies Unrestrlded Unrestrlcted funds funds 2024 2023 Donations and gifts Investments 2024 2023 Dividend and bond income from investment portfolio Interest receivable 39,951 17.773 44,460 18.268 57,724 62,728 Charitable activities 2024 2023 Grant funding of acliv¢li8s {see note 51 50,100 49.300 Grants payablg 2024 2023 Grants to inslitulions.. Health and advancement Education and support, including chiklren Natule and culture Humanitarian causes 17,000 13,400 8,000 11.700 14.000 11,300 12.000 12.000 50.100 49.300 Trustees None of the Trustees lor any persons connected with Ihernl received any remuneration or benefits from the Trust during the year.
THE IAN MAIDENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees There were no employees duTlng the year. Taxation The charity is exempl from taxation on its activities because all its income is applied for charitable purposes. Galns and losses on Investments Endowment Endowment funds funds 2024 2023 Gainslllossesl arising on.. Revaluation of investments 139,529 179.4641 10 Flxèd ass•t Invostm•nts Investment portfollo Co$t or valuation At 1 April 2023 Valuation changes Disposals 1.041.633 197,124 145.0001 At 31 March 2024 1.193.757 Carrying amount At 31 March 2024 1.193.757 At 31 March 2023 1.041.633 Flxad assat Investments revaluod All investments are listed and have been valued al their open market value as at 31 March 2024. The historical cost of investments held at 31 March 2024 was £941,96012023.. £909,997). 11 Flnanclal Instruments 2024 2023 Carrying amount of financial a5set5 Instruments measured al fair value through profit or loss 1,193.757 1.041.633
THE IAN MAIDENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Current liabilities 2024 2023 Accruals and olheT creditors 2.000 2.000 13 Endowment funds Endowment funds represent assets which must be hèld by the Trust lor charitable purposes. Income arising on the endowment funds can be used in accordance with the objects of the Trust and is in¢lLJded as unreslricled income. Any capital gains or losses arising on the assets form part of the fund. At 1 April 2023 Gains and At 31 March 1055es 2024 Pomianent 6ndowm•nts 984.101 139,529 1,123.630 Previou5 year: At 1 Aprll 2022 Galn$ and Al 31 March losses 2023 Permanent endowments 1,063,565 179,464} 984,101 14 Unrestrlctsd funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific Conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestrict8d funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 64,175 57,742 150.1001 71.817 Prèviou$ ye•r'. At l April 2022 Incoming resources Resources At 31 March expended 2023 General fijnds 50,693 62.782 149.300} 64.175
THE IAN MAIDENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Analysi$ of net assets between funds Unrestricted Endowment funds funds 2024 2024 Total Unrestrl¢ted Endowment funds fund5 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Investments Current assetsllliabilitiesl 1,193,757 1,690 1,193,757 1.690 1,108,385 1,041,633 6,643 6,643 1.195.447 1,195,447 6.643 1,108,385 1,048.276 10-