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2022-04-05-accounts

Charity registration number 1180415

THE MATHER FAMILY CHARITABLE TRUST

ANNUAL REPORT

AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

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 - 16

THE MATHER FAMILY CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

The trustees present their report and financial statements for the year ended 5 April 2022.

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.

During the year, the trust purchased the land of a golf course. The trust has plans in place to work alongside The Woodland Trust in future years to carry out a rewilding project on the golf course. This project forms part of the trust's environmental objectives.

Achievements and performance

The results for the year ended 5 April 2022 are set out in the Statement of Financial Activities on page 7. The charity has made 18 (2021: 7) donations to charitable causes totalling £133,960 (2021: £165,252). 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 £9,217,747 (2021: £8,190,581), which includes a total of £7,545,774 (2021: £7,196,696) in an investment portfolio. Free reserves stand at £8,396,283 (2021: £8,190,581) after removing amounts tied up within tangible fixed assets. 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.

THE MATHER FAMILY CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

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 provide 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' report was approved by the Board of Trustees.

Mr T N Mather

Trustee Dated: 23 January 2023

THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2022

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:

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.

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 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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:

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.

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:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, 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 noncompliance with laws and regulations, was as follows:

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

THE MATHER FAMILY CHARITABLE TRUST

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

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

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

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.

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Emma Woods (Senior Statutory Auditor) for and on behalf of Barlow Andrews LLP

23 January 2023

Chartered Accountants Statutory Auditor

Carlyle House 78 Chorley New Road Bolton

THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022

**Unrestricted ** Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations 2 832,830 3,960,426
Investments 3 118,699 61,877
Total income 951,529 4,022,303
Expenditure on:
Charitable activities 4 283,192 217,583
Other 9 100,000 -
Total resources expended 383,192 217,583
Net gains on investments 10 458,829 1,013,013
Net movement in funds 1,027,166 4,817,733
Fund balances brought forward 8,190,581 3,372,848
Fund balances carried forward 9,217,747 8,190,581

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

All income and expenditure derive from continuing activities.

THE MATHER FAMILY CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2022

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds - general		 2022
£
£
821,464
7,964,110
8,785,574
370
535,523
535,893
(103,720)
432,173
9,217,747
9,217,747
9,217,747		 2021
£
£
-
7,564,613
7,564,613
100,477
585,785
686,262
(60,294)
625,968
8,190,581
8,190,581
8,190,581		 2021
£
£
-
7,564,613
7,564,613
100,477
585,785
686,262
(60,294)
625,968
8,190,581
8,190,581
8,190,581
7,564,613
625,968
8,190,581
8,190,581
8,190,581

The financial statements were approved by the Trustees on 23 January 2023

Mr T N Mather Trustee

THE MATHER FAMILY CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 5 APRIL 2022

2022 2021
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 18 (239,659) (260,441)
Investing activities
Purchase of tangible fixed assets (821,464) -
Purchase of investments (2,580,415) (3,471,510)
Proceeds on disposal of investments 3,522,996 4,119,507
Interest received and income from listed
investments 118,699 61,877
Net cash generated from investing
activities 239,816 709,874
Net cash used in financing activities - -
Net increase in cash and cash equivalents 157 449,433
Cash and cash equivalents at beginning of year 953,702 504,269
Cash and cash equivalents at end of year 953,859 953,702
Relating to:
Cash at bank and in hand 535,523 585,785
Short term deposits included in current
asset investments 418,336 367,917

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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 amounts 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 Income

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.

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.

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.

1.6 Tangible fixed assets

Tangible fixed assets relate to freehold land which is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 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.

1.8 Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

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

1.10 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.

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

1 Accounting policies

(Continued)

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
2022 2021
£ £
Donations and gifts 832,830 3,960,426
832,830 3,960,426

3 Investments

Investments
**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Income from listed investments 118,259 61,666
Interest receivable 440 211
118,699 61,877
Charitable activities
Charitable
Charitable
Expenditure Expenditure
2022 2021
£ £
Professional fees 77,532 41,944
Grant funding of activities (see note 5) 133,960 165,252
Share of support costs (see note 6) 6,462 998
Share of governance costs (see note 6) 65,238 9,389
283,192 217,583

4 Charitable activities

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

5
Grants payable
Grants to institutions:
Forever Manchester
Stockport Women's Centre
The National Forest Charitable Trust
Pankhurst Trust
Dogs for Autism
Edith Cavell Fund
Roald Dahl's Marvellous Children's Charity
Wheelyboat Trust
East Cheshire Hospice
Manchester University NHS Foundation
Maggie's
BBC Children in Need
Samaritans
Crimestoppers Trust
Other grants to institutions		 2022
1,200
-
-
42,500
10,000
10,000
-
12,560
20,000
15,000
5,700
-
-
-
17,000
133,960		 2021
10,000
10,000
7,500
-
-
-
112,752
-
-
-
-
10,000
5,500
9,500
-
165,252
6
Support costs
Bank charges
Conference costs
Website costs
Professional fees
Audit fees
Consultancy		 Support
costs
Governance
costs
£
£
98
-
162
-
322
-
5,880
-
-
7,440
-
57,798
6,462
65,238		 2022
£
98
162
322
5,880
7,440
57,798
71,700		 Support
costs
Governance
costs
£
£
136
-
180
-
682
-
-
-
-
3,660
-
5,729
998
9,389		 2021
£
136
180
682
-
3,660
5,729
10,387

Governance costs includes £7,440 for audit fees and £55,944 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.

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

8 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Total - -

9 Other

**Unrestricted ** Unrestricted
funds funds
2022 2021
Other expenditure 100,000 -
100,000 -

Other expenditure relates to the write off of a convertible loan for £100,000 to Quin Technology Ltd, a company involved in medical research, which went into liquidation following the year end. As such, the loan is considered to be irrecoverable.

This is a related party transaction by virtue of the trustees owning shares in Quin Technology Limited; however, the total trustee shareholding constitutes a non-controlling interest and the loan issued was to support a medical research project, which falls within the charity's remit.

10 Net gains on investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Gain on revaluation of investments 242,982 584,749
Gain on sale of investments 215,847 428,264
458,829 1,013,013

11 Tangible fixed assets

Tangible fixed assets
Freehold land
£
Cost
Additions 821,464
At 5 April 2022 821,464
Carrying amount
At 5 April 2022 821,464

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

12 Fixed asset investments

Listed Cash in Total
investments portfolio
£ £
Cost or valuation
At 6 April 2021 7,196,696 367,917 7,564,613
Additions 3,413,246 (1,835,402) 1,577,844
Valuation changes 242,982 - 242,982
Realised gain 215,847 - 215,847
Disposals (3,522,997) 1,885,821 (1,637,176)
At 5 April 2022 7,545,774 418,336 7,964,110
Carrying amount
At 5 April 2022 7,545,774 418,336 7,964,110

The following investments individually represent greater than 5% of the market value of the investment portfolio:

40,000 ordinary shares Thoughtworks Ltd
£637,609
13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Financial instruments
Carrying amount of financial assets
Equity instruments measured at cost less impairment
Carrying amount of financial liabilities
Measured at amortised cost
15
Creditors: amounts falling due within one year
Accruals and deferred income		 2022
£
-
370
370
2022
£
8,500,003
103,720
2022
£
103,720		 2021
£
100,000
477
100,477
2021
£
8,250,398
60,294
2021
£
60,294

THE MATHER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

16 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
Unrestricted
Funds Funds
2022 2021
£ £
Fund balances at 5 April 2022 are represented by:
Tangible assets 821,464 -
Investments 7,964,110 7,564,613
Net current assets 432,173 625,968
9,217,747 8,190,581

17 Related party transactions

During the period the trustees made donations totalling £832,830 (2021: £3,960,426) to the charity. The donations relate to the gift of shares into an investment portfolio. This has been included as a fixed asset addition in the period.

In addition, a loan to a company in which the trustees have a non controlling interest has been written off during the year as per note 9.

18
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
Gift of shares
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Cash absorbed by operations		 2022
2021
£
£
1,027,166
4,817,733
(118,699)
(61,877)
(215,847)
(428,264)
(242,982)
(584,749)
(832,830)
(3,960,426)
100,107
(100,152)
43,426
57,294
(239,659)
(260,441)

19 Analysis of changes in net funds

The trust had no debt during the year.