Charity rggistration numbèr 1178834 THE IAN AND CLARE MATTIOLI CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustèos l T Mattioli C Mattioli L J Maltioli A Dariani Charity numbar 1178834 Prlnclpal address 1 New Vwdlk Place Leicester LE1 6RU Auditor Price Bailey LLP 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR Bankers Lloyds Bank plc 21 23 Hill Street London W1J SJW
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST CONTENTS Page Trustees. report Statement of trustees, responsibilit18S Independent 8uditorf5 report Statetnent of financial activthes 10 Balance sheet statetnent of cash Ilows 12 Notes to the finanaal siatements 13- 19
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees present their annual report and financial statements for the year ended SApril 2025. The Iinancial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and compty with the charty'5 goveming document. the Charibes Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repotting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Obj•etivas anil aetiviti•s The charity's objects a.. To advan in life and help young people through.. al the provision of recreational and leisure time activities provided in the interest of social welfare, designed lo improve their conditions of life.. bl providing support and activities which develop their skills, capacities and capabilities to enable them to particip8te in society 85 matur8 and responsible individuals. To act as a resource for young people by providing advice and assSstance and organlslng programmes of physical, educational and other activities as a means of.. al advandng Sn life and helping young people by developing thelr skills, ¢apaclties and capabillties to en8ble thern to participate in society as independent. rnature and responsible individuals.. bl advanang education., cl relieving unemployment, dl providing re¢reational and leisure time activity in the interests of social weyare for people living in the area of benefit who have need by ason of their youth. age, Infirmity or disability, poverty or soaal econornic circumstances wrfth a view to improving the conditions of life of such persons. and Such charrtable purposes for the public benefit as are exclusivety charitable according to the laws ol England and Wdles as the tiustees may frotn tirne to time determine. The charitable objectwe5 are met by operating in the following areas.. General charitable purpose5 Education I training The advancernent of heatth or saving of live5 The prevention or relief of povety Amateur sport Environment I conservation I heritag Economic I community development l employment Recreation The charity aims to help.. Children l young people Elderly l old people People with disabilities other chsrities or voluntary bodies The general publi¢ I mankind The charity meet$ it's objectives by". Making grants to individu318 Making grants to organisations Pioviding other finan Sponsoring or undertaking research
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Purpo$e The Charity supports individual8, communitie8, and groups lo help them access opportunities for adv8ncement, personal growth and lo enable them lo fully participate in souety. The 5UPPOrt the Charity offers is designed to help individua15 and group5 bettertheir outcotnes. MISSION To help develop opportunities for those in need to fully participate in a caring and compassionate society they rnay be in need because of youth, age, infirmity, disability, poverty, 01 econornic aicumstance. To help develop people who see the value in comrnunity and diversity. and act with maturity, responslbility, independen, and compassion. The lan and Clare Mattioli Charitsble Trust was established by the Mattioli family in 2016. Primarily to help enhance the Ilves and opportunities of all people, and in particular those from communities and socitreconomlc groups who are often side lined and struggle to access opportunities for advantsrnent, personal growth and to fully partscipate in society. The Charity supports individuals and groups better their outcomes by grant giving for activities relating to the improvetnent of social welfsie through the piovision of health, iecieational and leisure activities, education. researoh, employment and e$tabli$hing connections. Through our charitable activities we hope lo provide opportunities for those in need be that because of youth, age, infirmity, disability, poverty or economic ciicutnstance to fulty parbcipate in a caring and cornpassionate society. Helping in turn to develop people who see the value in ¢ommunity and diversity. and act with maturity, responsibility. independence and compassion. OUR VALUES COMMUNITY We believe that our comtnunities are at Ihe heart of creating a compassionate and caring society for the benefit of 811, and believe in the power of working together to the ensuie no one is side4ined and everyone can access opportunities for advancement. Our charitable giving and projects aim to enable and help develop cornmunits through the provision ol health, recieational and leisuie activities, educats'on, research, etnployrnent enabling collaboration and developing connections. A sense of Community unites us and can make us feel as though we are a part of something greater than ouiselves. DIVERSITY Our home city of Leicester is full of diversity and we are proud to Gall it home. We believe everyone irrespective of their 'drfference' has a place in society and should be able to partiupate. Embracing new Ideas and experien$ brought about through diversity, helps people to learn new things, and to share different ideas and perspectives prornoting tolerance and understsnding. and enriching our community through shared experienTrs. We believe that diversrty Is entirely positive and should be encouraged and developed In all of our cornmunities. We do not discrirninate, and we value everyone. COMPASSION As diverse as we are. each of us is inherently the same- we all think, feel. care and love. and deserve kindness, respect and understanding. A compassionate society cares for those within it recognising each person has rights, pr8f8renc85 and choices. If we ran recogni58 th8 needs of oth8rs and the needs ofth8 planet as equal important to our own. and try to rnake small changes. and take action lo help those around us. not for personal gain. It might be said that compassion is empathy and caring in action. We hope to help support a soaety where being open to others enables us to face tough times wrth cieativrty and resilience and enables us to connect with people lo achieve great things together.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Public benefit statement The trustees have paid due iegaid to guidance issued by the Charity Commission in deriding what activities the charity should undertake. Achlevements and performance During the year the charity ¢ewed cash donations of £43.442, inclusive of Gift Aid. and gifts ol investments ol £1,592.000. These donations together with investment income generated of £41,246 SUmed in total incoming resources of £1.678,688. During the year the charty incurred chaiilable expenditure of £220,520 in accordance with the purposes oullined above. ADMINISTRATION During the year the charity tnaintained and added to it5, website continuing to highlight the good work it carrie5 out and causes it supports. Throughout the year we have undertaken outreach activity bringing together charrties, clvlc groups and indlviduals to enable rn0 people lo acTrss support. WEBSITE STATS During the reporting period 6 April 2024 to 5 April 2025, traffi¢ to the Charity's website increased Signifindy, demonstrating growing public Inte$t and engagement with the charity's work. Website analytics for the period show". 3268 page views 1,240 site sessions 5 unique visitors Ave time spent on srte 4 minutes 34 seconds This increase reflect5 improved visibility of the eh8rity's activities and initiatives. SOCIAL MEDIA The charity established a presents on Linkedln and Instagiam to help maintain awareness of the activities of the Charitable Trust and to enable people lo engage. Instagram.. htt s'.IthM.insts ram.comlmaltiolichari Linkedln.. htt www.linkedin.com com an mattioli-chari Flnanclal revlew Th8 charity splits its reserves between cash and sh8res. Peishing Securities Ltd, Rav8nscroft Investments IUKI Ltd and Thomas Grant & Company Ltd 8Cts as custodians of rt's investments. The general fvnd is unrestricted and represents the totsl reserves of the ¢h8rity. The level of this fund will vary depending on donations received and the level of expenditure. Th8 tru8t8es has assessed the major risks to which the charity is expo88d, and are satisfied that Sy8t8ms are in place to mitigate exposure to the major risks.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Future plans The charity remains activè in planning and delivering support in line with its charitable objectives. Funding provided by the Matlioli family has been enhanced following the sale of Matlioli Woods PLC to the prnfate equity fimi Pollen Street, strengthening the charrty's ability to sustain and expand Its activrties. The charity continues to 5UPPOrt the folbwing key projects and commitrnents". One Roof Lelcester The charity continues it5 SUPPOrt for One Roof Leieester, which is developing an existing property to provide accommodation and support for people experiencing homelessness, enabling Ihern to rebuild their lives and regain independence. Planned expendrtuie relating to this project during the forthcorning year 15 estirnated to be approximately £350,000. Leicester Cathedral Heritage and Leaming Centre The Le1$ter Cathedral Heritage and Learning Centre and the fvll intemal refurbishrnent of Leicester Cathedral have now been completed. This project was supported by funding from the National Lottery Heritage Fund. the David Wilson Foundation, the Samworth Foundation, and the charty, among others. The completed works ensuie that the fabric of the Cathedi81 is fit for purpose and capable of supporting its wide- ranging heritage. educational, civic. and community activitses for the next 100 years. serving the diverse comrnunitie5 of Leicester and beyond. Into University Lei¢e$ter The charity continues to support Into University Leicester. a collaborative Initiative involving the Randall Foundation, De Monffort University. the University of Leicester. and the charity. The programme piovides after- s¢hool academic support. mentoring. and coaching to young people. many of whom will be the first in their family to attend higher education. The programrne provide5 Participants wrth a strong foundation from which to pursue and achieve their atnbition of entering university and progressing into further education and employment. LOROS Hospice- Tree of Life Initiative In response to the financial ¢hallenges fa¢ing hospi$ nationwide. the charity worked with LOROS Hospice to develop the Tree of Life fundraising Initiative. Through18n Mattioli's connections within LOROS 8nd the wider business comtnunity, the charity cornmi5sioned and rnanufactured 5tsinles5 sleel OTree of Lifeo ariwoiks, available for support V18 the charity's website. The Tree of Life repSentS a weeping willow and allows individuals, farnilies. and corporate supporters to make donations in exchange for a peisonalised leaf fLKed to the structure. Once fulty completed, the installation will hold approximately 2,500 leaves and is expected to generate in the region of £1 million in donations for LOROS. The charity records ils special thanks to the artist Jason Sweeney and the Samworth famity for their continued 5UPPOrt of thi5 initiative. Lei¢ester Police Memorial and Wellbeing Garden As of January 2026. the charity completed the relurbishment of the Leicester Police Wellbeing and Memorial Gaiden Iwith images available on the charity's website). The garden required significant renovation to ensuie it could continue to serve as a place of rernernbran and wellbeing for the next 50 years. The project was delivered on time and wrthin budget, with approximately £100.000 raised through the support of national and local oiganisations and indNidual donors. This funding, together with contributions from the chaiity, enabled the SUC$$fUl completion of the works. The charity extends its thanks to all those who supported this Important project.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Structurè, govèmaneo and managèmènt The charity was founded by lan and Clare Mattioli in 2016 and its goveming document is a Trust Deed dated 31 August 2016 8nd updated on 14 June 2018. The trust gained chaiitable status on 18 June 2018. The trustees kvho served during the year and up to the date of Signatu of the financial statements were.. l T Matlioli C Mattioli L J Mattioli A Dari8ni New trustees a appointed as reqUId and receive a Comprehensive induction on the activities of the charity. As a small grant-giving organisalion. the Iruslees manage the charity themselves. with part lime administrative and financial support. The trustees meet once or tVCe a year, bLrt day to day decisions are made on the basis of email exchang88 and telephone conversab'ons, once the annual budget has b88n agreed. The trustees. report was approved by the Board of Trustees. lan Mattioli IF@b 4. 2026. 11.54aml l T Mattioli Trustee Dated." .04.F.eb202&.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025 The tru8tees are responsible for preparing the Trustees, Report and the financial statement8 in acxordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Piacticel. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a tiue and fair view of the State of affairs of the chaTty and of the incorning resources and application of resources of the charity for that year. In preparing these financial stateTnents, the trustees are required to.. select suitable accounting policies and then appty them consistently, obseNe the methods and principles in the Charities SORP.. tn8k8 judg8m8nts and 85titnates that are reasonable and prud8nt', state whether applicable accounting standards have been followed, subject to any material departures disdosed and explained in the financial staternent5', and ppare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The ttustees are responsible foi keeping suffiaent accounting record5 that disc105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements cornply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the as5et5 of the charity and henTr foi taking reasonable step5 for the prevention and detection of fraud and other irregularities.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE IAN AND CLARE MATTIOLI CHARITABLE TRUST Opinion We have audited the ffinanaal statements of The lan and Clare Mattioli Charitable Trust Ithe 'chaiity'l for the year ended 5 April 2025 which comprise the Statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial staternents, Including significant accounting policies. The financial reporting fiarnework Ihat has been applied in their preparation is applicable law and United Kingdorn Accounting Standards, Including Financial Reporting Standard 102 The FinanGial Reporting Standard appliGablg In the UK an Republic of Ilafid (United Kingdom Generally Accepted Accounting Practi). In our opinion. the financial statements.. give a true and fair view of the state of the charity's affair8 a8 at 5 April 2025 and of its inwming resour$ and applicats.on ol resources. for the year then ended., have been properfy prepared in accordan with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wrth the requirements of the Charrties Act 2011. Basls for oplnlon We conducted our audit in 8c¢ord8n¢e with Intern8tional Stand8rd$ on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the AuditoRs responsibilities for the audit of the financial stalements section of our report. We a independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, inrjuding the FRC'S Ethical Standard. and we have fulfilled our other ethical spOnSibl11t1es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements. we have con¢luded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or conditlOn5 that, individually or collectively, tnay cast significant doubt on the chaiity s ability to continue as a going concern for 8 period of at least twelve months from when the financial staternents sre auth0ri5ed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of thi5 report. oth•r infomiation The other Information comprises the Information included Sn the annual port other than the financial statements and our auditor's report thereon. The trustees are iesponsible for the other InfoaLlOn contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not eXp$S any forrn ol assuran conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other inforrnats'on is rnaterial inconsistent with the financisl ststements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially mi$stated.11 we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial stat8rnents thernselves. If, based on the work we hav8 perfotrned, we eondude that ther8 is a material misstatement of this other information, we a required to report that fact. We have nothing to report in this regard.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE IAN AND CLARE MATTIOLI CHARITABLE TRUST Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reportsl Regulations 2008 require us to report to you if. in our opinion.. the infoim8tion given in the financial statements is inconsistent in any material respect with the trustees, report.. or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received 811 the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement ol trustees, responsibilities, the trustees are spOnSible for the preparalion of the financial staternents and foi being satisfied that they give a tiue and fair view, and for such intemal control as the trustees determine is nece8sary to enable the preparation of financial staternenls thgt 8re free frorn material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees a responsible for assessing the charity'5 ability to continue as a going concem. disclosing, as applicable, rnatteis ielated to going conrn and using the going conTrrn basis of arKounting unless the trustees either intend lo 8$e operations. or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial ststements We have been appointed as auditor under sectK)n 144 of the Charities Acl 2011 and report in accordanc8 With the Act and relevant regulations made or having effect thereunder. Our objectpies are to obtain reasonable 8Ssuiance about whether the financial statements as a whole ale free fro material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of as5uiance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS detect a material misslstement when it exists. Misst8tements can aiise from fiaud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econotnic decisions of u5er5 taken on the basis of these financial statement5. The extent lo which our procedu$ are capable of detecting Irregularities, induding fraud, Is detailed below. Enquiry of manag8m8nt and thos8 ch8rg8d wf(h governance around actual and potential litigation and daims.. Reviewing financial statement disdDsures and testing to supporting documentation to assess eomplian with applicable law8 and regulations., Performing audrt work over the risk ol management override ol controls, induding testing ol journal entries and other adjustments for appropriateness, evaluatSng the business rationale of $Sgnfflcant transactions outside the normal course of business and rewewing accounting estimates for bias. Because of the inherent litnitation5 of an audit, there is a risk that we will not detect all irregularities, including those leading to a material mi5Statement in the fin8ncial statements or non-compli8nce wth regulation. This risk Increases the more that Complian wrth a law or regulation Is rernoved Irorn the events and transactions reflected in the financial statements, a5 we will be less likety to become aware of instance5 of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. 85 fraud involves intentional Conalment, forgery, ullusion, omission or misrepresentation. A further de8¢ription of our responsibilities is available on the Finanryal Reporting Coun¢il's website at.. https'.11 www.frc.org.uklauditorsresponsibilrties. This description fonns part ol our auditors POrt. Other matters Comparative information in the financial statements is derived from the charrty's prior period financial statements which were not audrted.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE IAN AND CLARE MATTIOLI CHARITABLE TRUST Ll$e of our report Thi5 report is made solely to the charity's trustees, as a body, in accoidance with part 4 of the Chaiities (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Iruslees those matters we are required to state to them in an auditorfs report and for no othei purpose. To the fullest extent permitted by law, we do not acpt or as8ume responsibility to anyone other than the charity and the chaiity's trustees as a body. for our audit work, for this report. or for the opinions we have formed. Prlce Balley LLP Chartered Accountants Statutory Auditor 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR Pri Bailey LLP 15 eligible for appointrnent a5 auditor of the charity by virtue of its eligibility for appointtnent as auditor of 8 ¢ornpany under section 1212 of the Companies Act 201.
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrestricted funds 2025 Total 2024 Notes Income from.. Donations and legacies Investments 1,635.442 41.246 84.590 44.274 Total incom8 1,676,688 128,864 Ex endlture on.. Raising funds 39,693 28.019 Charitable activitie5 220,520 245,603 Total resources expended 260,213 273,622 Net gainslllossesl on investments 11 23.605 184.350 Net movement In funds 1,440,080 19,592 Fund balanrRs at 6April 2024 1,346.862 1,327.270 Fund balance5 at 5 April 2025 2,786,942 1,346,862 The statement of finanual activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activitie5. 10
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST BALANCE SHEET AS AT5 APRIL 2025 2025 2024 Notès Flxed assets Investments 13 243,948 1.322,335 Current assets Debtot5 Cash at bank and in hand 14 2,335 2.549,109 2,200 24,355 2.551.444 28,555 Creditors.. amounts falling due within one year 15 18,4501 12,0281 Net current assets 2.542,994 24,527 Totsl a$¥ets le8¥ ¢urrent liabilities 2,788,942 1,346,862 Income funds Unrestricted funds 2.786,942 1.346,862 2,786,942 1,346,862 The financial statements were approved by the Trustees on ..Q4..Fpb..2929.. 18n Mattr1 (Fèb 4. 2025. 11 54aml l T Mattioli Trustee
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Notès Cash flows from operatlng actlvltles Cash absorbed by operations 17 1209,2371 1280,8531 Investing activities PDed5 frorn disposal of investtnents wrthdrawal of cash trorn investment portfolio Investment Income received 2,683,760 14,867 35,364 42,000 3,473 Net cash generate(I from investing activilies 2,733,991 45,473 Net increa8elldecreasel in cash and cash equlvalents 2,524,754 1235,3801 Cash and cash equDialent8 at beginning of year 24,355 259,735 Cash and Cash equlvalents at end of year 2,549,109 24,355 12
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 A¢¢ounting poli¢ie8 Charity infomiation The lan and Clare Maltioli Charrtable Trust is a charty constrtuted by a trust deed dated 31 August 2016 and updated 14 June 2018. 1.1 Accountlng conventlon The financial statements have been ppared in accordan with the charity's governing docurnent. the Charities Ad 2011 and "Accounting and Reporting by Charities. Statement of Recommended Practice applicab18 to charit185 preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial staternents are prepared in sterling, which is the functional currency of the charity. Monetsry atnount5 in these financial statetnents are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted a set out below. 1.2 Golng concern At the tirne of approving the financial staternent8, the trustees have a reasonable expectation that the ¢haTity has adequate $oUr$ to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going Con[n basis of accounting in preparing the finanaal staternents. 1.3 Charitable funds Unrestiicted funds are available for use at the discretion of the trustees in furtheran of their charitable obje¢tives. 1A Income In¢ome is rewgnised when the charity 1$ legally entitled to it after any perfomiance wndib'ons have been met. the amounts can be measured reliabty. and il Is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performan conditions require deferr81 of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donations of assets are COgnised at fair value. 1.5 Expenditure Expenditure is accounted for on an acttuals basis. 1.6 Fixed asset investments Fixed asset Investments are initially measured at transaction price excluding transaction costs, and a sub5equenUy Measured at fair value at each reporting date. Changes in fair value ale iecognised in net in¢omellexpendilurel forthe year. Transaction costs 8re expensed as incurred. 1.7 Cash and cash equlvalents Cash and $h equivalents in¢lude cash in hand and deposits held with b8nk5. 13
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Aeeounting polieiès Icontinuèdl 1.8 Financial instruments Th8 charity has 818Ct8d to apply th8 provisions of S8dion 11 'Basic Finanrial Instrum8nts' and Section 12 'Other Financial Instruments Issues, ol FRS 102 to all of its financial instruments. Financial instruments are recognised in the tharity's b81ance sheet when the charity become8 party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial Statements. when there is a legally enforceable right to set off the recognised amounts and there is an Intents"on to settle on a net basis or to realise the asset and settle the liability simultaneousty. Baslc flnanclal assets and Ilabllltles Debtors and creditors with no stale¢ interest rate and recewable or payable within one year a recorded at transaction price. Any losses arising from impairment a recognised in the statement of finanaal activits"es. Crftlcal accountlng estlmatss and judgements In the application of the chaity's accounting policies, the trustees a required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other souitss. The estimates and associated assumptions are based on historical experience and olher factors that ale considered to be relevant. Actual results rnay differ frorn these estirnate5. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accountr.ng e5timstes are iecognised in the period in which the estimate is revised where the ievision affects onty that period, or in the period of the revision and future periods where the revision affects both Current and futu periods. Donatlons and legacles Unr8Stricted Unrestricted funds funds 2025 2024 Donations and gtfts 1,635,442 84,590 Investsnents Unrestricted Unrestricted funds funds 2025 2024 Income frorn listed investments Interest receivable 11,844 29,402 41,866 2,408 41,246 44,274 14
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Raising fund$ Unrestrictèd funils Total 2025 2024 Fundraisin and ublic. Fundmising agents Advertising and marketing 281 25.649 38.445 Fundraising and publicity 38,445 25,930 Investment rnanagement 1,248 2,089 39.693 28,019 Charitsble activities Charitable Charitable causes causes 2025 2024 Schooling 18,175 15.850 Giant funding of activitie5 (see note 71 Share of governan costs (see note 81 196,423 5,922 227,833 1,920 220,520 245.603 15
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 GntS payable In the Inte$t of transparency, the charity disdoses grants of £10,000 or more". Charftsble causes Charrtable causes 2025 2024 Grants to institutions.. Atlantic Salmon Trust Leister Riders Foundation Leitsster Cathedral Intu Leicester Universlty Alder Hey Hosprtal LOROS Spey Fishery Board Other 10.000 42,331 74,996 10.000 36,630 50,000 50,000 21,519 40,000 10.000 21,070 10.000 14.377 173,223 217,700 Grants to individuals.. J T Sweeney Other 17.000 6.200 10,133 196,423 227,833 Support Costs Govemance costs 2025 2024 Audrt and accountancy fees 5,922 5,922 1,920 5,922 5,922 1,920 Anatysed between Charrtable activities 5,922 5,922 1,920 Trustees None of the trustees lor any person8 conn8cted with them) received any remuneration during th8 y8ar. 16
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 10 Employee$ The average rnonthty number of employees during the year was". 2025 Number 2024 Number Total On the basis the charity has no employees, there were no employees whose annual rernunerath)n was mo than £60,000. 11 Net galnslllossesl on Investments Unre8tri¢ted Unre$trled funds funds 2025 2024 R8valuation of investrnents Gainll105sI on Sale of investrnents 17,1131 30,718 164,350 23,605 164,350 12 Taxation The charity is exempt from tax on income and gains falling within part 10 of ITA 2007 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objeits. 13 Flxed asset Investments Listed investments Cost or valuation At 6 April 2024 Gifts to the charity Valuation changes Investment management fee5 Dividends and interest received Net cash withdrawn 1,322,335 1.592,000 23,606 11.2481 5.882 12,698,627) At 5 April 2025 243,948 Carrylng amount At 05 April 2025 243,948 At 05 April 2024 1,322,335 17
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 13 Fixad assot inv•stm•nts Icontinuèdl 202S 2024 Investments at fair value comprise". Cash Listed investments 9,064 234.884 19,296 1.303,039 243.948 1,322,335 14 Debtors 202S 2024 Amounts falling due within one year.. Other debtors 2,335 2,200 15 Creditors.. amount$ falling due within one year 2025 2024 Trade creditors Accruals and deferred income 2.450 6.000 2.028 8,450 2,028 16 Related paty transactlons During the year the charity eived donatvjns of investments at maiket value from the following trustees.. l T Mattioli.. £1.592,00012024. £84.0741 The charity reIVed investment incorne frorn Mattioli Woods plc of £nil12024.. £36,126) and from Custodian REIT pl¢ of £4.94012024.. £4.4001. l T Mattioli, a tiuste8, is a director of Mattioli Woods plc and Custodian REIT plc. 18
THE IAN AND CLARE MATTIOLI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 17 Cash 9enerated from operation$ 2025 2024 Surplus for the year 1,440,080 19,592 Adjustments for.. Investment incorne recognised in statement of financial activib'8S Gift of investments Gain on disposal of investments Fair value gains and losses on investments Investment managers, fees paid via portfolio 141,2461 11,592,000) 130.7181 7.113 1.247 144,2741 184,0741 1164,3501 2,089 Movements in working capital.. Ilncreasel in debtors Incieaselldecrea5el in credrf(ot5 11351 6,422 18,7361 cash absorbed by operatlons 1209.2371 1280,8531 19