2021-04-05-accounts

Charity Registration No. 1180415

THE MATHER FAMILY CHARITABLE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

THE MATHER FAMILY CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mr T N Mather
	Mrs S L Mather
	Miss A S Mather
	Mr H M G Mather
	Ms K G Mather
Charity number	1180415
Principal address	Atlas 3
	St George's Square
	Bolton
Auditor	Barlow Andrews
	Carlyle House
	78 Chorley New Road
	Bolton
Bankers	Yorkshire Bank
	94-96 Briggate
	Leeds
Investment advisors	Investec Wealth & Investment Ltd
	3 Hardman Street
	Spinningfields
	Manchester
	Quilter Cheviot Investment Management
	4th Floor
	The Pinnacle
	73 King Street
	Manchester

THE MATHER FAMILY CHARITABLE TRUST

CONTENTS

	Page
Trustees' report	1 - 2
Statement of trustees' responsibilities	3
Independent auditor's report	4 - 6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 15

THE MATHER FAMILY CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021

The trustees present their report and financial statements for the year ended 5 April 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements 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 objects of the charity are to support charitable causes by making grants. Income and capital of the trust is to be used, in whole or part, exclusively for the benefit of charitable purposes at the discretion of the trustees.

The legally permitted objectives are wide and cover generally accepted charitable objects.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. Each year the trustees will review the objectives and activities of the charity to ensure that they continue to reflect their aims and to provide public benefit. The trustees are more than satisfied that they do.

The trust has established its grant making policy to achieve its objectives for the public benefit. Grant requests are received by the trustees on an individual basis.

Achievements and performance

The results for the year ended 5 April 2021 are set out in the Statement of Financial Activities on page 7. The charity has made 7 (2020: 10) donations to charitable causes totalling £165,252 (2020: £55,300). The trustees consider the performance of the investments to be satisfactory.

Financial review

The principal funding source is income received through donations from members of the Mather family. The donations were in the form of shares which have been placed into an investment portfolio. Details of the assets of the charity are given on the balance sheet on page 8 to the accounts. The trustees confirm that the charity's assets are available and adequate to fulfil its obligations as they fall due. It is the policy of the charity to ensure sufficient funds are available to cover donations payable, management and administration costs for the foreseeable future. The trust deed does not restrict the investment powers of the trustees.

Total reserves at the year end are £8,190,581 (2020: £3,372,848), this includes a total of £7,196,696 (2020: £2,871,254) in an investment portfolio. All reserves are unrestricted.

The trustees seek to invest in a balanced risk portfolio to try and achieve a level of return sufficient to fund the normal levels of charitable donations in any one-year period. The trustees ensure donations made do not exceed the level of return generated from the balanced risk portfolio.

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Mather Family Charitable Trust is a lasting testimony to the generosity and philanthropic concerns of the Mather family. The need for aid seems never ending and the trustees plan to continue doing what they can to assist. However, the trustees realise that they must use the resources they have wisely. The trustees will continue to consider all requests for donations and will seek to make donations for charitable purposes that fully meet with the charity’s aims and objectives.

• 1 -

THE MATHER FAMILY CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Structure, governance and management

The Mather Family Charitable Trust was registered with the Charity Commission on 23 October 2018 under charity number 1180415. It is governed by a deed of trust dated 1 June 2018.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr T N Mather

Mrs S L Mather Miss A S Mather Mr H M G Mather Ms K G Mather

New trustees are appointed by the settlors and thereafter by resolution of the trustees. On appointment of a new trustee, the existing trustees explain to the new trustee the decision-making process of the trust and provides an overview of the administrative procedures employed by the trust.

No trustee or connected person may receive any payment of money or other material benefits (whether direct or indirect) from the charity except for activities that fall within the charity's objectives.

Mr J Rhodes is contracted by the Trust to fulfil a management role, maintaining the Trust's day-to-day activities and reviewing potential recipients of grants/donations. From these shortlists of potential donees, the trustees make the final decision as to whom the donations are made.

The trustees' r eport was approved by the Board of Trustees.

Mr T N Mather

Trustee Dated: 29 October 2021

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THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2021

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 3 -

THE MATHER FAMILY CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE MATHER FAMILY CHARITABLE TRUST

Opinion

We have audited the financial statements of The Mather Family Charitable Trust (the ‘trust’) for the year ended 5 April 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 5 April 2021 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If 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 statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

• 4 -

THE MATHER FAMILY CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATHER FAMILY CHARITABLE TRUST

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• certain disclosures of trustees' remuneration specified by law are not made; or

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the charit y through discussions with trustees and other management, and from our commercial knowledge and experience of the charity sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the C harities Act 20 11 and data protection;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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THE MATHER FAMILY CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATHER FAMILY CHARITABLE TRUST

We assessed the susceptibility of the c harity ’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• confirmed no journal entries have been made by management ; and

• confirmed no estimates have been made by management.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation and claims .

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Barlow Andrews LLP 29 October 2021

Chartered Accountants Statutory Auditor

Carlyle House 78 Chorley New Road Bolton

Barlow Andrews LLP is eligible for appointment as auditor of the trust by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

• 6 -

THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
	Notes	£	£
Income from:
Donations	2	3,960,426	1,723,553
Investments	3	61,877	30,982
Total income		4,022,303	1,754,535
Expenditure on:
Charitable activities	4	217,583	73,475
Net gains/(losses) on investments	9	1,013,013	(379,029)
Net movement in funds		4,817,733	1,302,031
Fund balances brought forward		3,372,848	2,070,817
Fund balances carried forward		8,190,581	3,372,848

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

• 7 -

THE MATHER FAMILY CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2021

Notes Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Income funds Unrestricted funds - general	2021 £ £ 7,564,613 100,477 585,785 686,262 (60,294) 625,968 8,190,581 8,190,581 8,190,581	2020 £ £ 2,933,546 325 441,977 442,302 (3,000) 439,302 3,372,848 3,372,848 3,372,848

The financial statements were approved by the Trustees on 29 October 2021

Mr T N Mather Trustee

• 8 -

THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 5 APRIL 2021

			2021		2020
	Notes	£	£	£	£
Cash flows from operating activities
Cash generated from operations	16		3,699,985		1,644,578
Investing activities
Gift of shares		(3,960,426)		(1,709,593)
Purchase of other investments		(3,471,510)		(1,204,477)
Proceeds on disposal of other investments		4,119,507		206,119
Interest received and income from listed
investments		61,877		30,982
Net cash used in investing activities			(3,250,552)		(2,676,969)
Net cash used in financing activities			-		-
Net increase/(decrease) in cash and cash
equivalents			449,433		(1,032,391)
Cash and cash equivalents at beginning of year			504,269		1,536,660
Cash and cash equivalents at end of year			953,702		504,269
Relating to:
Cash at bank and in hand			585,785		441,977
Short term deposits included in current
asset investments			367,917		62,292

• 9 -

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

Charity information

The Mather Family Charitable Trust is a charity established under trust deed. The principal office is Atlas 3, 46 St George's Square, Bolton.

1.1 Accounting convention

The financial statements have been prepared in accordance 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)". The trust is a Public Benefit Entity as defined by FRS 102.

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 are prepared in sterling , which is the functional currency of the trust. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Incoming resources

Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt.

Any donations in the form of shares are recognised at market value at the point of transfer to the Trust.

1.5 Resources expended

Expenditure is recognised on an accruals basis.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grants payable are accounted for when the trustees have accepted a legal or moral obligation and accounted for as resources expended in the statement of financial activities.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee.

• 10 -

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

1.6 Fixed asset 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.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.8 Financial instruments

The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the trust's balance sheet when the trust becomes 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 intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

2 Donations

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Donations and gifts	3,960,426	1,723,553
	3,960,426	1,723,553

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THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

3 Investments

		Unrestricted Unrestricted	Unrestricted Unrestricted
		funds	funds
		2021	2020
		£	£
	Income from listed investments	61,666	30,708
	Interest receivable	211	274
		61,877	30,982
4	Charitable activities
		Charitable	Charitable
		Expenditure	Expenditure
		2021	2020
		£	£
	Professional fees	41,944	15,086
	Grant funding of activities (see note 5)	165,252	55,300
	Share of support costs (see note 6)	998	89
	Share of governance costs (see note 6)	9,389	3,000
		217,583	73,475
5	Grants payable
		2021	2020
	Grants to institutions:
	Forever Manchester	10,000	30,000
	Stockport Women's Centre	10,000	-
	The National Forest Charitable Trust	7,500	-
	Trussel Trust	-	500
	Save the Children	-	100
	Felix Project	-	200
	Children First	-	500
	Prostate Cancer UK	-	2,500
	Heart Foundation	-	1,000
	Rossendale Trust	-	10,000
	World's Biggest Sleep Out	-	500
	Space for Autism	-	10,000
	BBC Children in Need	10,000	-
	Samaritans	5,500	-
	Crimestoppers Trust	9,500	-
	Roald Dahl's Marvellous Children's Charity	112,752	-
		165,252	55,300

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THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

6 Support costs

Bank charges Conference costs Website costs Audit fees Consultancy	Support costs Governance costs £ £ 136 - 180 - 682 - - 3,660 - 5,729 998 9,389	2021 £ 136 180 682 3,660 5,729 10,387	Support costs Governance costs £ £ 89 - - - - - - 3,000 - - 89 3,000	2020 £ 89 - - 3,000 - 3,089

Governance costs includes £ 3,660 for audit fees and £5,729 for consultancy fees paid to Mr J Rhodes in relation to his management role.

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

8 Employees

The average monthly number of employees during the year was:

	2021	2020
	Number	Number
Total	-	-
Net gains/(losses) on investments
	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Gain/(loss) on revaluation of investments	584,749	(381,665)
Gain/(loss) on sale of investments	428,264	2,636
	1,013,013	(379,029)

9 Net gains/(losses) on investments

• 13 -

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

10 Fixed asset investments

			L isted	Cash in	Total
			investments	portfolio
			£		£
	Cost or valuation
	At 6 April 2020		2,871,254	62,292	2,933,546
	Additions		7,431,936	(5,070,837)	2,361,099
	Valuation changes		584,749	-	584,749
	Realised gain		428,264	-	428,264
	Disposals		(4,119,507)	5,376,462	1,256,955
	At 5 April 2021		7,196,696	367,917	7,564,613
	Carrying amount
	At 5 April 2021		7,196,696	367,917	7,564,613
	The following investments	individually represent greater than 5% of the market value of the			investment
	portfolio:
	396,128 ordinary shares	Auto Trader Group	£2,217,921
11	Debtors
				2021	2020
	Amounts falling due within one year:			£	£
	Other debtors			100,000	-
	Prepayments and accrued	income		477	325
				100,477	325
12	Financial instruments			2021	2020
				£	£
	Carrying amount of financial assets
	Equity instruments measured at cost less impairment			8,250,398	3,375,523
	Carrying amount of financial liabilities
	Measured at amortised cost			60,294	3,000
13	Creditors: amounts falling due within one year
				2021	2020
				£	£
	Accruals and deferred income			60,294	3,000

• 14 -

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

14 Analysis of net assets between funds

Analysis of net assets between funds
	Unrestricted	Unrestricted
	Funds	Funds
	2021	2020
	£	£
Fund balances at 5 April 2021 are represented by:
Investments	7,564,613	2,933,546
Current assets/(liabilities)	625,968	439,302
	8,190,581	3,372,848

15 Related party transactions

During the period the trustees made donations totalling £3,960,426 (2020: £1,723,553) to the charity. £3,960,426 (2020: £1,709,593) relates to a gift of shares into an investment portfolio. This has been included as a fixed asset addition in the period.

16 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Gain on disposal of investments Fair value gains and losses on investments Movements in working capital: (Increase) in debtors Increase/(decrease) in creditors Cash generated from operations 17 Analysis of changes in net funds	2021 £ 4,817,733 (61,877) (428,264) (584,749) (100,152) 57,294 3,699,985	2020 £ 1,302,031 (30,982) (2,636) 381,665 - (5,500) 1,644,578

The trust had no debt during the year.

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