**Charity registration number 1165308** ## **THE IAN MAIDENS CHARITABLE TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2026** ## **THE IAN MAIDENS CHARITABLE TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** I G Maidens F Maidens A Cornwell **Charity number** 1165308 **Principal address** 105 Spice Quay Heights 32 Shad Thames London SE1 2YL **Independent Examiner** Natalie Hoskins ACA CTA TC Group 5th Floor 3 Dorset Rise London EC4Y 8EN **Bankers** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN ## **THE IAN MAIDENS CHARITABLE TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Statement of financial position|5| |Notes to the financial statements|6 - 11| ## **THE IAN MAIDENS CHARITABLE TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2026**_ The Trustees present their annual report and financial statements for the year ended 31 March 2026. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. ## **Objectives and activities** 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, at such time or times and in such manner to, or for the benefit of, such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fit. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. ## **Financial review** During the period under review, the Trust's main source of income derived from its investment portfolio, amounting to £71,230 (2025: £64,972) in total. The Trust made charitable donations during the year totalling £51,404 (2025: £48,000) and each year has very few support and administrative costs. At the year end, the Trust's funds had increased to £1,459,391 (2025: £1,250,037), due primarily to movements in the market value of the investment portfolio held by the Trust in the year. The funds available are sufficient to permit the Trust to continue in operation for the foreseeable future. Charities that received charitable donations from the Trust in the period under review were: - Campaign Against Living Miserably - The Give a Duck Foundation - Designability Charity Limited - Sunny Days Childrens Fund - We Reach UK - Drama Expressions for Children - Hearing Dogs for Death People - Hope UK - Just Kidding - Porchlight - Cotswold Lakes Trust - Lupus UK - Second Chance - A Charity for Children who need Special Help - Something in Kent - Family Matters - The Seeing Dogs Alliance - Sparks of Success Ltd - The National House Project - Nourish Community Foodbank Limited - Winston's Wish - 1 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2026**_ It is the policy of the Trust to maintain funds at a level in excess of expenditure. This provides for sufficient funds to be available for all management and administration costs as well as ensuring that adequate funds continue to be available for the costs of meeting the Trust's charitable activities. The balance held as endowment funds at the year end was £1,352,470 (2025: £1,161,297) and the unrestricted fund was £106,921 (2025: £88,740). All funds of the Trust are held for its general purposes. The principal risk faced by the Trust lies in the performance of investments, which are closely monitored. The Trustees continue to assess the major risks to which the Trust is exposed, but are satisfied that systems and procedures are in place to mitigate exposure to any major risks at this stage ## **Structure, governance and management** The Trust was established by a charitable 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 date of signature of the financial statements were: I G Maidens F Maidens A Cornwell 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 comprising the key management personnel of the Trust in charge of directing and controlling the Trust and running and operating the Trust on a day to day basis. All Trustees give of their time freely and no Trustee remuneration 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 its charitable objects. The Trustees' report was approved by the Board of Trustees. I G Maidens **Trustee** 27 May 2026 - 2 - ## **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 statements of The Ian Maidens Charitable Trust (the Trust) for the year ended 31 March 2026. ## **Responsibilities and basis of report** As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning 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 considered as part of an independent examination. I have no concerns 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 understanding of the financial statements to be reached. ## Natalie Hoskins ACA CTA TC Group 5th Floor 3 Dorset Rise London EC4Y 8EN Dated: 27 May 2026 - 3 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## _**FOR THE YEAR ENDED 31 MARCH 2026**_ |**Unrestricted Endowment**
**funds**
**funds**
**Notes**
**£**
**£**
**Income and endowments from:**
Investments
**3**
71,172
-
Other income
**2**
58
-
**Total income and endowments**
71,230
-
**Expenditure on:**
Raising funds
**4**
45
-
Charitable activities
**5**
(53,004)
-
Net gains / (losses) on investments
**11**
-
191,173
**Net movement in funds**
18,181
191,173
Fund balances at 1 April 2025
88,740
1,161,297
**Fund balances at 31 March 2026**
106,921
1,352,470|**31 March**
**2026**
**£**
71,172
58
71,230
45
(53,004)
191,173
209,354
1,250,037
1,459,391|**31 March**
**2025**
**£**
64,972
-
64,972
49
(48,000)
37,667
54,590
1,195,447
1,250,037| |---|---|---| - 4 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 MARCH 2026**_ |**Notes**
**Fixed assets**
Investments
**12**
**Current assets**
Trade and other receivables
**14**
Cash at bank and in hand
**Current liabilities**
**15**
Net current (liabilities)/assets
**Total assets less current liabilities**
**Capital funds**
Expendable endowment funds
Unrestricted funds|**2026**
**£**
**£**
1,460,560
-
631
631
(1,800)
(1,169)
1,459,391
1,352,470
106,921
1,459,391|**2025**
**£**
**£**
1,246,260
2,000
3,777
5,777
(2,000)
3,777
1,250,037
1,161,297
88,740
1,250,037|**2025**
**£**
**£**
1,246,260
2,000
3,777
5,777
(2,000)
3,777
1,250,037
1,161,297
88,740
1,250,037| |---|---|---|---| ||||1,250,037| ||||1,161,297
88,740| ||||1,250,037| The financial statements were approved by the Trustees and authorised for issue on 27 May 2026 and are signed on its behalf by: .............................. I G Maidens **Trustee** - 5 - **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **1 Accounting policies** ## **Charity information** The Ian 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 charity's operations and principal activities are set out in the Trustees' Report. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Trust's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only 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 statements have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments at 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 to continue in operational existence for the foreseeable future. Consequently the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust. ## **1.4 Income** Income is recognised when the Trust is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. ## **1.5 Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including governance costs are allocated or apportioned to the applicable expenditure headings. Governance costs are those incurred in connection with the management of the Trust, organisational administration and compliance with constitutional and statutory requirements. - 6 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Non-current investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **2 Other income** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2026**|**2025**| |||**£**|**£**| ||Other income|58|-| |**3**|**Investments**||| |||**2026**|**2025**| |||**£**|**£**| ||Dividend and bond income from investment portfolio|55,168|44,843| ||Interest receivable|16,004|20,129| |||71,172|64,972| ## **4 Expenditure on raising funds** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2026**|**2025**| |||**£**|**£**| ||Investment management|45|49| |**5**|**Charitable activities**||| |||**2026**|**2025**| |||**£**|**£**| ||Grant funding of activities (see note 6)|51,404|48,000| ||Share of governance costs (see note 8)|1,600|-| |||53,004|48,000| - 7 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **6 Grants payable** |Grants to institutions:
Health and advancement
Education and support, including children
Nature and culture
Humanitarian causes
Grants to individuals|**2026**
**£**
22,500
22,500
5,000
-
50,000
1,404
51,404|**2025**
**£**
12,000
28,000
6,000
2,000| |---|---|---| |||48,000
-| |||48,000| ## **7 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year. ## **8 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Accountancy
-
1,600
-
1,600
Analysed between:
Charitable activities
-
1,600|**Total**
**2026**
**£**
1,600
1,600
1,600|**2025**
**£**
-| |---|---|---| |||-| |||-| ## **9 Employees** There were no employees during the year. ## **10 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 8 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **11 Gains and losses on investments** ||**Endowment**|**Endowment**| |---|---|---| ||**funds**|**funds**| ||**2026**|**2025**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|191,173|37,667| ## **12 Fixed asset investments** ||**Investment**| |---|---| ||**portfolio**| ||**£**| |**Cost or valuation**|| |At 1 April 2025|1,246,260| |Additions|71,127| |Valuation changes|191,173| |Disposals|(48,000)| |At 31 March 2026|1,460,560| |**Carrying amount**|| |At 31 March 2026|1,460,560| |At 31 March 2025|1,246,260| ## **Fixed asset investments revalued** All investments are listed and have been valued at their open market value as at 31 March 2026. The historical cost of investments held at 31 March 2026 was £986,050 (2025: £973,923). |**13**
**Financial instruments**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**14**
**Trade and other receivables**
**Amounts falling due within one year:**
Other receivables|**2026**
**£**
1,460,560
**2026**
**£**
-|**2025**
**£**
1,246,260| |---|---|---| |||**2025**
**£**
2,000| - 9 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **15 Current liabilities** |**Current liabilities**||| |---|---|---| ||**2026**|**2025**| ||**£**|**£**| |Accruals and other creditors|1,800|2,000| ## **16 Endowment funds** Endowment funds represent assets which must be held by the Trust for charitable purposes. Income arising on the endowment funds can be used in accordance with the objects of the Trust and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. |**Permanent endowments**
**Previous year:**
**Permanent endowments**|**At 1 April**
**2025**
**Gains and**
**losses**
**At 31 March**
**2026**
**£**
**£**
**£**
1,161,297
191,173
1,352,470
**At 1 April**
**2024**
**Gains and**
**losses**
**At 31 March**
**2025**
**£**
**£**
**£**
1,123,630
37,667
1,161,297| |---|---| ## **17 Unrestricted 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 to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |General funds
**Previous year:**
General funds|**At 1 April**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2026**
**£**
**£**
**£**
**£**
88,740
71,230
(53,049)
106,921
**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
71,817
64,972
(48,049)
88,740| |---|---| - 10 - ## **THE IAN MAIDENS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2026**_ ## **18 Analysis of net assets between funds** |**Unrestricted**
**Endowment**
**funds**
**funds**
**2026**
**2026**
**£**
**£**
**Fund balances at 31 March 2026 are represented by:**
Investments
108,090
1,352,470
Current assets/(liabilities)
(1,169)
-
106,921
1,352,470
**Unrestricted**
**Endowment**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Fund balances at 31 March 2025 are represented by:**
Investments
84,963
1,161,297
Current assets/(liabilities)
3,777
-
88,740
1,161,297|**Total**
**2026**
**£**
1,460,560
(1,169)
1,459,391
**Total**
**2025**
**£**
1,246,260
3,777
1,250,037| |---|---| - 11 -