Charity regtstration numbor 1178834 THE IAN AND CLARE MATTIOLI CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2024
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ T Mattioli C Matlioli L J Mattioli A Dariani Charitynumber 1178834 Princlpal address 1 New Walk Place Leicester LE16RU Independent examiner K M Hilliard ACA FCCA CTA Price Bailey LLP 36 Tyndall Court Lynchwood Pelerborough Cambridgeshira PE2 6LR Bankers Lloyds Bank plc 21 23 Hill Streat London IA11J 5JW
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST CONTENTS Page TNsle$s' raport Independent examinerfs report Statement of financial activities Balance sheet Notes lo the financAal statements 9-14
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trust&es present Iheif annual report and financial statements for the year ended S April 2024. The financial statements have been prepared in accordance with the accounling policies sel out in note 1 to the financial statements and comply with thè charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Chanties.. Staternent ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191 Objèetlves and activitie$ The charEty's objects arè- To advance in life and help young people Ihrtsugh- al thè provision of recieational and leisure time 3etivittes provided in the interest of social welfare. designed to improve Iheir conditicsns of life., bl providing SUPPOrt and activities which develop their skills, capacities and r2pabilities to enable them to participate in socièty as mature and responsible individuals. To act as 8 rèsource for young people by providing advice and assistance and organising programmes of physical. èducational and olher actilieS as a means of.. a) advancing in life and helping young peoplè by developing their skills. capaeities and capabilitie5 10 enable them lo participate in society a5 independent, mature and re5ponsiblÈ individuals., bl advancing education. cl Teli¢ving unemploymént., dl providing recreational and leisLire time activity in the interests of SOCAal welfare fDr people living in the area of benefil who have need by reason of their youth. agè, infirmity or disability. poverty 01 social economic circumstances with 3 wew to improving the conditions of life of such persons. and Such charitable purposes for IhÉ public benefit as are exdusively charitable according lo the laws of England and leS as the truslees may Irom lime lo lime determine. The charitable objectives are mel by operating in the following area5'. General charitable purposes Education I training The advancement of health 01 saving of lives The prevention or relief of poverty Amaleui sport Enwronment I conservBtion I heritage Economic I community development l employment Recreation The charity aims to help". Children l young people Eldedy l old peoplè People wilh disab11itiès othei charities or volunlary bodies The general public I mankind The charity meets it's objectives by.. Making grants to individuals Making grants lo organisations Providing othèr finance Sponsoring or undertaking research
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Purposg The Ch8riiy supports individuals, communities. and groups to help them ac¢ess opportunities for athancemenl. person81 growth and to enable them to fulty Participate in society. The support the Charity offers is designed to help individuals and groups better their oul¢omes. MISSION To help develop opportunities for those in need lo fully participate in a caring and compassionat¢ souety they may be in need be¢ause of youth, age. inflrmity, disability, povety, or economi¢ arcumslance. To help develop people who see the value in community and diversity, and act with maturity, responsibility, indepeTKlenGe, and ¢ompassion. The lan and Clare Mattioli Charitable Trust was established by the Mattioli family in 2016. Primarily lo help enhance the livès and opportunities of all people, and in particular those from communities and socio-economic groups who 8rÈ often side lined and struggle lo ac¢ess opportunilies for advancement, personol growih and lo fully part¢cipale in souely. The Charity 5UPPi>rts individuals and groups t>Èltèr their outcomes by grant giwng for activities relating to th improvement of Social welfare through the prowsion of health, recreational and leisure 8¢1iwties, educalion, re$oarth, employment and establishing connectJ'on5. Through our charilablè activilies we hope lo provide opportunities for those in need - be that because of youth, age, infirmity, di5abilrty, pov¢rty or ewnomic circumstance lo fully partiCApale in a caring and compassiornale society. Helping in lum to develop people who see the value in community and diversity, and act with maturity, respoA$ibilÈty, independence and compassion. OUR VALUES COMMUNITY We believe that our communities are 81 thtr heart of creating a compassionate and caring society for the benefit of all, and believe in the power of working together to the ensure no one is side-lined and everyone can access opportunities for advancement. Our charitable giving and projects aim lo enable and hèlp develop communities through th$ provision of h¢atth, recreational and leisure adiwties, education, reséarch. employment - enabling co118borats.on and developing connections. A sense of communlly unll¢s us and can make us feel as though we are a part of something greater than oursefves. DIVERSITY Our home Gity of Lèie6Ster is full of diversity and we are ploud to call it home. We believe everyone irrespective of their 'diffefence' has a place in society and should be able to participate. Embracing new ideas and expèriences brought about through diversity. helps peoplè Its leam new things, and lo share different ideas peispectives prornoling loleiance and understanding. and enfiching our community through shared experiences. We believe that diversity is entirely positive and Should be encouraged and developed in 811 of our communities. We do not di5ciiminatè, and we value everyone. COMPASSION As diverse as we are, each of LIB is inherently the same- we all think, feel. care and love, and deserve kindness. Tespect and understanding. A compassionate society caies for those within it recognising each person has rights. preferences and choices. If we ¢an recogn45e Ihe needs of others and the needs ollhe planet as equally important to our own, and try lo make small changes, and take action to help those around us, not for personas gain. It might be said that comp835ion Is empathy arid caring in action. Wt hope lo help SUPPOfl a society where being open to Dthers enables us lo fa¢e tough times with creativity and resilience and enables us to conneci with people to achieve great things together..
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Public b•nefit statement The trustees have p3id due regard lo guidance issued by the Chafity Commission in deciding what aeliwlies the charity should undertake. Achievemènts and perfomiance Durin9 the year the charity recéived cash donations of £516. inclusive of Gift Aid. and gifts of Investments of £84,074. These donations together with investment income generated of £44,274 resulted ill total incoming resources of £128,264. During the year the charlly incurred cha¥itable expènditure of £245.603 in accordance wrth the purposes outlined above. ALIMINISTRATION During the year the chaity maintained and addÈd to Its, website cor)linuing lo highlight the good work it carrie5 out and causes il supports. Throughout the year we have undertaken outreach activity bringing together charities, Civic groups and individuals to enable more peopl6 to access 5UPPOrt. WEBSITE STATS Durin9 the period Dec 2023 Iwhen the current analytics were sel-upl to Apr 2024 537 site sessions 356 unique vi5ilor5 Ave lime spent on site 4 mins Applications & ¢onla¢t via website 19 SOCIAL MEDIA Ttte Gharily established a presen¢e on Linkedln and Inslagram lo help maintain Jwareness of the activities of the Charitable Trvsl and to enable people to engage. lllsl8gr3m." hlt s.IAwN.inst? Linkedln.. h ram.comlmattiolicharil I attio com an Financial review The charity splits its re5e¥ves belween cash and shares. Pershing Securiti8$ Ltd. Ravenscroft Investments (UK> Ltd and Thomas Grant & Company Ltd acts as custodians of il's investments_ The general fund Is unrestricted and represents the lotal reservès DI the charity. The level of this fund will vary depending on donations received and the levol ol expenditure. The trLJslees has assessèd the major risks lo which the charity is exposed, and are satisfied Ihal syslerns are in place to mitigate exposure ID the major risks.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Future plan8 During thè coming year the charity plans lo continue to meet its. charitable objectives by $uppgrting a number of ongoing projects and remining open to applications from all via the web8ile. Our ongoing commitments indLtde'. One Rvof l Lei¢ester Cathedral Intouniversity Lei¢estef De Montford Universty- student fund LOROS Rainbows L?iceslershir¢ Police Memorial Gardefi The Gunby Twins- heaf(hcare Vve will also review appliGaliDns and supporl causes we lèèl fit Dur objectives and aims in line wrth available funds. In addib'on we will continue lo Offer practical support and guidance through our outreach work to enable people and organisalions lo create proie¢ts which are sustainable beyond providin9 singular monetary donations. Structure, gtsv*man¢e and management The charrty was founded by lan and Clare Mattioli in 201e and ils governing document is a Trust Deed dated 31 August 2016 and updated on 14 June 2018. The trust gained charttable $18lus on 18 June 2018. The trustees who served during the year and up to the date of $ignalure of the financial slalemenls were.. l T Mattioli C Mattioli L J Mattioli A Dariani New Iruslees are appoinled as required and receive a comprehensNe induction on Ihe activities of the eharily. As a small grant-giving organisalion, the trustees manage the charity themsefvÉis, with part time administrativè and financial support. The trustee5 meet once 01 twice a year, bul day lo day decisions are made on the basis of email exchanges and telephone conversations. once Ihe annual budgel has been agreed.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 A note from lan Mattloli The year undèr review was exciting for the charity as il rn8do continued donations Its great and varied causes, all of which I know have proivided great outcomes lor the recipients, often changing lives and making lives kinder. OUT airn a$ 3 charity Is tc continue with small donations lo Individuals who need financial support and similarfy to other chairties where money is put to good use. We are Still looking at larger opportunities and we class this as financial help of over £40k. again where real impact and different, better outcotnes are achievable. The comin9 year saw the sale ol our MBttioli Woods shares, wilh MattitslT Woods plc being taken private by private equity house Pollen Strèét Capital. This has given the charity cash liouidily to look al more and larger opportunities. We are dose to agreeirig donations to help.. The homeless- with long-terni suitable and 5YStainable hcu$ing Leicestershirè Pollce with renewal of their mèmorial garden The transfer of land in the Scollish Highlands tc* enable the long-tèmi security for a subslanlial natural and wildlile abundant area Our ideas and planning with LoFros hgvè created a Tree of Life the cost details of which our charity has largely crèated, and the Tie¢ of Life is now Ènabling families, individu81s and companies lo remember their loved ones. We are hoping the Tree of Life lolal donations lo LOTOS will reach £lm. The charty brings a 101 ol love. care and pride to local and national causes and wè continue as a charity lo suppori diversity and indusion with pas$i(>n. Thè trustees, report was approved by the Board of Trustees. l T Mattioli Trustee Dated.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IAN AND CLARE MATTIOLI CHARITABLE TRUST I report to the trustees on my examination of the financial slalemenls of The lan and Clare Mattioli Charitable Trust (the Gharity) for the year ended 5 April 2(124. R¢$pon¥ibiliti¥$ •nd basls of report As thé trustees of the charity you are resptsnsible for the preparation of the financial statements in accordance with the requiiemenls 91 the Charities Act 2011 {Ihè 2011 Act). I rèport in respect of my examination of the charity's financial 51atement5 cairied out under section 145 of the 2011 A¢t. In carying out my examin8lion I have followed all the applicable Dirt¢lions given by the Charity Commission under se¢tton 14515llbl of the 2Q11 Act. Independent ex¥min•r's statement Your allenlion is drawn to the fact that thé charity has prepared financial sl*emenls in accordance wrth Accounting and Reportin9 by Charities preparing their accounts in accordance with the Financial Reporting Standald applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities." Stslèrnenl of Recommended Practicè issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l undèrstand that this ha5 been done in order for financial 5talemÈnts to provide a true and fair view in accoidance with Gènerally Accepled Accounting Pia¢li¢e effective for reporting periods beglnning on or after 1 January 2015. I have completed rny examination. I confirm that no matlers have come lo rny attention in conne¢lion with the examination giving me cause lo believe that in any material respect., accounting records were not kept in respect of the ¢harity as required by section 130 of the 2011 Acl," or the financial statements do not accotd with those records., or the financial slatemenls do not comply with the applioablè requirèments conceming the form and content of 8ccounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiTernent that the accounts 9ive a true and fair viow which is not a matter considered as part of an independent examination. I have no concerns and have ctsme acros5 no other mallers in connection with the examination lo whi¢h attention should be drawn in I port in order to enable a proper und¢rslandin9 01 the linancial statements lo be reached. K M Hilliard ACA FCCA CTA Price Bailey LLP 36 Tynd311 Court Lynchwood Peterborough Cambridgeshire PE2 6LR Dated.. A&JCkq LICLg 2015
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Tolal 2023 Nots$ Income from: Donations and legacies Investments 84,590 44,274 292,480 47,822 Totsl income 128,864 340.302 Ex enditura on". Raising funds 28.019 31,321 Charitable activities 245,603 593,488 Total resou¥$ expended 273,622 624.809 Nel gain51Oosses) on investments 11 164.350 121 0.3611 N¢t movement in funds 19,592 1494,868} Fund balances at 6 April 2023 1,327,270 1.822,138 Fund balan¢ès at S April 2024 1,346.862 1,327.270 The statemènt of financial activities include5 all gains anfJ losses recognised in the year. All income and expenditure derive from continuing aclivilies.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note8 Flx•d assets Investments 13 1,322,335 1,077,199 Currènt assets Debtors Cash at bank and in hand 14 2,200 24,355 1,100 259.735 26.555 260.835 Crèdltors: amounts falling due wlthln one year 1S {2,028) {10,7641 Nel CUTrenl assets 24,527 250,071 Totsl assets less current liabilities 1,346,862 1,327,270 Income funds Unrostricted fund5 1,346,862 1,327,270 1,346,862 1,327,270 The financial statements were approveil by the Tnjstees on......................... l T Maltioli Trustee
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting poll¢le$ Charity Infomiation The lan and Clare Mattioli Charitable Tmst is a charity eonsliluled by a trust deed d8ted 31 Augusl 2016 and updated 14 June 2018. 1.1 Ac¢ountlng convention The financial statetllents have been prepared in accordaneé with the charity's governin9 document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities PTeparing theiT accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191 The charity Is a Publi¢ Bènèfit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Repc>rtsl Regulations 2008 orsly lo the extent required to provide 8 true and fair view. Thi5 departure has involved following the Statement of Recommer)ded Piactice for charitie5 applying FRS 102 rather than the version of the Statement of Re¢ommended Practicè which is referred lo in the Regulations bul which has since been withdrawn. The financial statements are prepared in slerfing. which is the functional cvrrency of the charity. Monetary amounts in these financial statements are rounded lo tho rioarest £. The financial statements have bÈÈn prèpared under the historical eost corsvention. The pr¢ncipal accounting policies adopted are set out below, 1.2 Going concern At the time of approving the financial statements, the Iruslees have a reasonable expectation that th& ¢harity has adequate resources ttr continue in operational existence for thè forèseeable future. Thus the trustees continue to adopt the going concern basis ol accounting in preparing thè financial statements. 1.3 CharÉtable funds Unrestrictèd funds are available foi use at the discretion of the trustees in furtherance of their charitable objectives. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any perfc>rmance conditions have bèèn mèt, the amounts can be me8sured reliably, and il is probable that income wtll be ieceived. Cash donations are rècognised on receipt. Other donations are recognised once the charity has beèn notifièd of the donation. unless pèrformance conditions require deferral of the amount. Income lax recoveiablè in relation to donation5 received under Gift Aid or deéds of covenant is reGognised at the time of the donati¢in. Donations ol assets are reco9nised at lair value. 1.5 Resources expended Expenditure 15 8ccounted for on an accruals basis. 1.6 Fixed asset investments Fixèd asset investments are initially measurèd at transaction price excluding transaction Costs. and are subsequently me8sured 81 fair value al each feptsrting dale. Changes in fair v31ue are recognised in nel incomeJlexpendiluiel for the yeai. Transaction costs are expensed as incurred. 1.7 cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held with banks.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies IContlnu•d} 1.8 Flnaneial instruments The ¢harity has elected to apply the provlsions of Section 11 'Ba5ic Finan¢Èal Instruments, and Sgction 12 'Olher Financial In5trumenls15sues' of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the ch81ity'8 balance shèet when the charity becomes party lo the contractual provi5i0n$ of the instrument. Financial assets and liabilities are tsffset, with the net amoun15 presented in Ihp financial slatements, when Ihore is a legally enforceable iighl to set off the recognised amoun15 and there is an intention to Settle on a nel basis or lo realise the asset and settle thè liability simuttaneously. Basic finan¢lalasséts and Imbilities Debtors and creditgrs with no stated intere51 rale and receivable or payable within one year a recorded al transaction price. Any losses arising frorn impairment Are reco9nised in the slalemenl of financial activitie8. Cr1cal accounting estimatss and ludgements In the application of the charity's accounting poli¢les, the Iruslees are required lo makè judgèments. eslimales and assumptions about the carrying arnounl of assets and liabilities that are not re8dily apparent from othèr sources. The èstimates and associated assumptions are based on historical experience 8nd other factors that are considered lo be relevant. Actual results may differ from thesè estimates. The eslimales and undeilying assumptions are reviewed on an ongoing basis. Revisions lo a¢¢ounting eslimales are recognised in the period in which the estsmale 15 revised where the revision aftects tsnly that peiiod. or in the period of the revision and future periods where the revision affe$ both current aniJ future peiiods. Donations and l¢ga¢les Unrèstricted Unrèstrietèd funds funds 2024 2023 Donations and gifts 84,590 292.480 Investments Unrestricted Unrestricted fund$ funds 2024 2023 Income from lisied nVestmentS Interest rec¢ivable 41,866 2.408 47,814 44,274 47,822 10-
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Ra5sing fund$ Unrestricted fvnd$ Total 2024 2023 Fundraisin and ubfi Fundraising agents Aclvertising and marketing other fundraising ¢o>sls 281 25,649 485 21.091 7,375 Fundraising and publicty 25,930 28,951 Investment man8gemenl 2.089 2,37Cg 28,019 31,321 Charltable actlvltles charItsb Charltsble ause causes 2024 2023 Schooling 15,850 9,962 Grant funding ol adimties Isee note n Share of governance costs (see note 8? 227.833 1.920 581,373 2,153 245.603 593,488
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grants payable In the interest of transporency, the charity dI105e$ grants of £10.000 or rnore.. Charitable causes Charitable causes 2023 2024 Grants lo instilLFiions'. Adanlic Salmon Trust Leicester Ride15 Foundation Leicester Cgthèrdral Inlu Leicester University LOROS Spey Fishery Board Other 10,000 36.630 50,01 50,000 19,500 500,000 1Q.000 21.070 14.210 217.700 543,710 Grants to individuals- Nathan Smith Other 34,063 3,600 10.133 227.833 581,373 Support Gosts GovÈmance ¢o$ts 2024 2023 Accountancy fees 1,920 1,920 2,153 1,920 1,920 2,153 Analysed between Charitable aGtivilies 1.920 1.920 2,153 Trustee3 None of the tru51ees lor any persons connected with thèm} r8ee%ved any remuneration during the year, bul one of them was reimbursed a tot21 ol £nil travelling and fundraising expenses {2023- £7,375 Iravelling and lundFaising expenses was reimbursedl. 12-
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 10 Employees The average monthly number f>f employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual rernuneration was tFTrore Ih8n £60.000. 11 Net gains1110s¥e$l on investments Unrnstrfcted Unrestrfcted funds funds 2024 2023 Revaluation of inve51ment5 Gainlllossl on sale ol invèstments 164,350 1279,9811 69,600 164,350 1210,3e11 12 Taxatlon The ¢hsrlly is exÉmpt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the T8Xationof Chargeable Gains Act 1992 to the extent that these ale applied lo ils charitable objects. 13 Fixed asset investments Llsted Investments Cost or valuation Al 6 April 2023 Gifts to the charity Valuation changes Inveslment management fees Dividends and interest received NÉI cash withdrawn 1,077,199 84.074 164.3SO 12,Q891 40,801 142.JOOI Al S April 2024 1,322,335 Carrying amount Al 05 April 2024 1,322,335 Al 05 April 2023 1,077,199 13
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 13 Fixed a55et investmgnts (Continued) 2024 2023 Investments at faiw value comprise.. Cash Listed investments 19,298 1,303,039 22,584 1.054,615 1,322,3 1.077,199 14 Debtors 2024 2023 Amounts falling due withÈn onè year.. other debtor$ 2,200 1,100 15 Creditor¥.' amounts falling due withln one year 2024 2023 Accruals anc5 dèferred income 2,028 10,764 16 Rèlated party transactÈon Durin9 th6 year the charity received dtsnats.ons of investments al rmaikel value from the following trustees.. l T Mattioli.. £84.07412023'. £nill The charity reeÈivÈd cash donations from l T MAttioli. a trustee, ol £nil12023.' £218,000). The charity received investment income from Matlioli Woods plc of £36,12612023.' £35.5911. from Cu51odian REIT plc of £4.40012023 £4.4001 and from K3 Capital Group plc of £nil12023'. £6,480>. l T Mattioli. a trustee. 1$ 8 director of Maltioli Wood5 pIG, Custodian REIT plc and a fomer director of K3 Capital Group plc. 14-