Charlty reglstratlon number 1180415 IEngland and Wales) THE MATHER FAMILY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE MATHER FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrT N M8lher 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 Bankèrs Virgin Money Sunderfand Investment advisors Rathbones Group PLC 3 Hardman Street Spinningfields Manchester Aberdeen Investments 1 George stet Edinburgh
THE MATHER FAMILY CHARITABLE TRUST CONTENTS Page Trustees, report Statement of trustees. responsibilities Independent auditorfs report Statement of financial a¢tivities Balance sheet Slaltrment of cash flows Notes lo the financial statements 10-18
THE MATHER FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5APRIL 2025 The trustees present their report and financial statements for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accoLJnting policies set out in note 1 to the financial statements and comply with the trust's trLJSt deed, Ihe Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Oblectlves and a¢tlvltles The objectives 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. Public benefit The trustees have paid due regard lo guidance issued by the Charity Comrllission 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 lo reflect their aims and to provide public benefit. The trustees are more than satisfied that they do. Grant making policy The trust has established ils grant making policy to achieve its objectives for the public benefit. Grant requests are received by the trustees on an individual basis. During 2022, the trust purchased the land of a golf course. The trust is working alongside The W(xxJland Trust to cary out a rewilding project on the golf course. This project forms part of the trust's environmental objectives. Achievements and performance Significant activities and achievements against objectives The results for the year ended 5 April 2025 are sel out in the Ststemenl of Financial Activities on page 7. Tha charity has made 2612024.. 221 grants to Charitable ¢auses lotalling £1,629,145 12024.. £422,673). The trustees consider the performance of tho investments to b& satisfactory. Financial review Th& principal funding sour¢9 is income received through donations from members of the Mather family. Tho donations were in the fom 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, and management and administration costs for the foreseeable future. The trLJSt deed does not restricl the investment powers of the trustees. Total reserves at the year end are £7,283,369 12024.. £8,725,039), which includes a total of £7,D92876 12024.. £7,634,124) in an investment portfolio. Free reserves stand at £6,461,905 12024.. £7,903,5751 after removing amounts induded wilhin tangible fixed assets. All reserves are unrestricled. Investment polNcy The trustees seek to invest in a balanced risk portfolio to try and achieve a level of retum SLJfficient to fund the normal levels of charitable donations in any one-year period. Major risks 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.
THE MATHER FAMILY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Plans for future periods The M8lher Family Charitsble Trust is a lasting testimony to the generosity and philanthropic concems of the Mather family. The need for aid seems never ending and the trustees plan lo 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 ¢onsider all requests for donations and will seek to make donations for charitsble purposes that fully meet the Charity's aims and objectives. Structure, governance and management The Mather Family Charitsble 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 dale of signature of the financial statements were.. MrT N Mather Mrs S L Mather Miss A S Mather Mr H M G Mather Ms K G Mather R8¢ruitm8nl and appointment of trustees New trustees are appointed by the settlors and thereafter by resolution of the trustees. On appointmenl of a new truslee, the existing trustees explain lo the new trustee the decision-making prDcess of the trust and provide an overview of the administrative procedures employed by the trust. No Iruslee or connected person may receive any payment of money or other material benefits {Wheth direct or indirectl from the charity expl 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-t041ay activities and reviewing potential recipients of grantsldonations. 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. MT T N Mather Trustee 10 December 2025
THE MATHER FAMILY CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 5APRIL 2025 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practi1. 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 ihe trusl and of the incoming resources and application of resources of the trust for that year. In preparing these financial statements, the trLJStees are required to.. select SLJitable a¢¢oLJnting policies and then apply them ¢onsistently', 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 Ihe financial statements on the going concern basis unless it is inappropriate to pres 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 IA¢¢oLJnts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hen for taking reasonable steps for the prevention and detection of fraud and other irregLJlarities.
THE MATHER FAMILY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MATHER FAMILY CHARITABLE TRUST Opinion We have audited the financial slalemenls of The Mather Family Charitable Trust Ilhe 'lrust'l for the year ended 5 April 2025 which comprise the statement of finan¢i81 activities. the balance sheet, the ststemenl of cash flows and notes to the financial statements, including signifi¢ant accounting policies. The finan¢i81 reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounting Standards, including Finan¢ial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pra¢ti¢el. In our opinion, the financial slatemenls.. give a true and fair view of the stste of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resour$, for the year then ended., have been properly prepared in accordance with Uniled 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 IUKI IISAS IUKII and app1icab1e law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit ol the finanoal 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 accordan with these requirements. We believe that the audit evidence we have obtained is suffioenl 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 concem 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 lo events or conditions that, individually or collectively, may cast significant doubl on the Irusl's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised 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 inforrnation included in the annual report other than the finawial stalerllenls and our auditorfs report Ihereon. 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 road the other infomiation and, in doing so, Consider whether tho other information is matèrially inconsistènt with thè financial stat8mènts or our knowlédgè obtainèd in thè ¢ourse of thè audit, or otherwise appears to bè materially misstatèd. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether this gives rise to a material misstatement in financial statements themselves. If, based on the work we have performed, we conclLJde that there is a material misstatement of this other information, we are reqLJired to report that fact. Wè hav8 nothing to raport in this règard.
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 misslalemenls in the trustees, report. We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reportsl Regulations 2008 require us to report to you rf, in our opinion.. the infomiation given in the trustees, report is in¢onsislenl in any material respect with the financial statements., or sufficient aoUntIng records have not been kept.. 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 statement of trustees, responsibilities, the trustees are responsible for the preparation of the financial slalernenls and for being satisfied that they give a true and fair view, and for such internal control as the Ituslees determine is necessary lo enable the preparation of financial slalemenls that are free from material misslalement, whether due to fraud or error. In preparing the financial statements, the trustees a responsible for assessing the trust's ability to continue as a going ¢oncem, disclosing, as applicable, matters related to going ¢on¢ern and using the going ¢on¢em basis of accounting unless the trustees either intend to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial statements OLJr objectives are to obtain reasonable assurance about whether the financial ststements as a whok are free from material misststement, whether due to fraud or error, and to issue an auditor's report that in¢ludes our opinion. Reasonable assurance is a high ltrvel of assurance but is not a guarantee that an audit conduded in a¢¢ordanco with ISAS IUKI will always dete¢t 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, lo detect material misstalernenls in respect of irregularities, including fraud. The extent lo which our procedurss are capable of delecling irregularities, including fraud and non- ompliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competen, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable lo the charity through discussions with trustees and other management, and from our commercial knowledge and experience., we focused on specific laws and regulations which we considered may have a direct material effect on the financial slalements or the operations of the charity, including the Charities Act 2011., we assessed the exlenl of (L>mpliance with the laws and regulations identified above through making enquiries of managernenl., and • identified laws and regulations wsre communicated within the 8udit te8m regul8dy 8nd the te8m remained alert lo instsnces of non-compliance throughout the audit_ We assessed the susceptibility of the charity's financial slalements lo material misslalemenl, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as lo where they considered there was susceptibility to fraud, their knoedge of actual, suspected and alleged fraud., and considering the internal contro15 in place lo mitigate risks of fraud and non-compliance with laws and regulations.
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.. performed analytical procedures to identify any unusual or unexpected relationships., confirmed no joumal entries have been made by management., and confirmed no eslimales have been made by management. In response lo the risk of irregularities and non-compliance with laws and regulations, we designed ProdureS which included, bul were not limited lo.. agreeing financial stslement disclosures to undedying supporting documentation,. reading the minutes of meetings ol those charged with governance,. and 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 Iransaclions, the less likely il Is that we would become aware of non-compliance. Auditing standards also lirllil the audit procedures required lo identify non-cornpliance with laws and regulations lo enquiry of the trustees and other rnanagement and the inspection of regulatory and legal correspondence, rf any. Material misslalements that arise due lo fraud can be harder lo 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 slalemenls is located on the Financial Reporting Council's website al= www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditor's report. Use of our report This report is made sololy to the charity's trustees, as a body. in accordance with part 4 of Ihtr Charities IAc¢ounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustetrs those matters we are required to stste to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not a¢pl 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. Ali$on Corne$ ISÈnior Statutory Auditor) for and on behalf of Barlow Andrews LLP Statutory Auditor 10 December 2025 Carlyle House 78 Chorley New Road Bolton Barlow Andrews LLP is eligible for aptx)intmenl as auditor of the trust by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
THE MATHER FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 2025 Unrestricted Unrestricted funds funds 2025 2024 Notes Income from: Donations and legacies Investments 440,390 166,143 406,572 177,762 Total income 606,533 584,334 Expenditure on: Charitsble activities 1,780,395 577,081 Total expenditure 1,780,395 577,081 Net Ilossesllgains on investments 11 1267,808} 397,609 Net lexpenditurevincome and movement in funds 11,441,670} 404,862 Recon¢iliation of funds.. Fund balances at 6 April 2024 8,725,039 8,320,177 Fund balances at S April 2025 7,283,369 8,725,039 The ststem8nt of financial activities includes all gains and losses re¢ognised in the year. 1 income and expendituro derive from continLJing activities.
THE MATHER FAMILY CHARITABLE TRUST BALANCE SHEET AS AT SAPRIL 2025 2025 2024 Notes Fixed assets Tangible assets Investments 13 14 821,464 7,201,149 821,464 7,858,747 8,022,613 8,680,211 Current assets Debtors falling due after one year Debtors falling due within one year Cash at bank and in hand 15 15 75,000 75,631 420,924 100,000 51,254 80,800 571,555 232,054 Creditors: amounts falling due within one year 17 1363,0971 1167,2261 Net currènt assets 208,458 64,828 Total assets less current liabilities 8,231,071 8,745,039 Creditors: amounts falling due after more than one year 18 1947,7021 120,0001 Net ass¢ts 7,283,369 8,725,039 The funds of the trust Unrestricted funds 20 7,283,369 8,725,039 7,283,369 8,725,039 The finanoal statement5.were approved by the trustees on 10 Decernber 2025 MrT N Mather Trustee
THE MATHER FAMILY CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5APRIL 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 24 1656,1981 1718,0421 Investing activities Purchase of investments Proceeds from disposal of investments Inveslment income received {8,057,8921 8,771,721 166,143 11,506,725) 1,918,580 177,762 Net Cash generated from investing activities 879,972 589,617 Net cash used in financing activities Net increaselldecreasel in cash and cash equivalents 223,774 1128,4251 Cash and cash equivalents at beginning of year 305,423 433,848 Cash and cash equivalents at end of year 529,197 305,423 Relating to: Cash al bank and in hand Short term deposits includ8d in currtrnt asstrt investments 420,924 80,800 108,273 224,623
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2025 Accounting policies Charity information The Mather Farllily Charitable Trust is a charity established under trust deed. The principal Offi is Auas 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 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The trust is a Public Benefit Entity as defined by FRS 102. 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, modrfied to include ¢ertain financial instruments at fair value. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that Ihe trust has adequate resources lo continue in operational existence for the foreseeable future. Thus the Irustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. 1.4 Income Income is re¢ognised when the trust is legally entitled to it after any performance Conditions have been met, the amounts can be rneasured reliably, and it is probable that income will be receivetj. Income from listed investments is recognised at the ex-dividend date. Cash donations are recognised on receipt. Any donations in the fomi of shares are recognised al market value at the Point of transfer lo the trust. 1.5 Expenditure Expenditure is recognised once there is a legal or ¢onslruclive c)bligation lo transfer e¢onomi¢ benefit lo a third party. il is probablè that a transfèr of économi¢ benèfits will be rèquir&d in settlément, and the amount of the obligation can bè maasurad rèliably. Expenditure is recognised on an accruals basis. Charitable expenditure comprises those costs incurred by the tharity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such actimties 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 reSoUrS expended in the statement of financial activities. Governan 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 5APRIL 2025 A¢¢ounting policies (Continued) 1.6 Tangible fixed a55ets Tangible fixed assets relate lo freehold land which is not depciated. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently rneasured at fair value al each reporting date. Changes in fair value are recognised in nel incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.8 Impaimient 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 lif 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 '0ther Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the Irusl's balan sheet when the trust becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or lo 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 al amortised cost using the effective inteiesl method unless the arr8ngsment conslilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets ¢lassrfiéd as r&¢aivablè within ontr year are not amortiséd. Basic financial liabilities Basic financial liabilitiès. including croditors, are initially re¢ognised at transa¢tion pri¢e. Financial liabilititrs classrfi8d as payablè within onè year arè not amortisèd. Critical accounting estimate5 and judgernents In the application of the trust's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the eslirllale is revised where the revision affects OlY that period, or in the period of the revision and future periods where the revision affects both current and future periods.
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Donations Unrestrictèd Unr•strict&d funds funds 2025 2024 Donations and gifts 440,390 406,572 440,390 406,572 Investments Unrestri¢ted Unrestricted funds funds 2025 2024 Income from listed investments 166,143 177,762 Charitable a¢tivities Charitable Charitable Expenditure Expenditure 2025 2024 Professional fees 67,516 74,070 Grant funding of activities (see note 61 1,629,145 422,673 Share of support costs (see note 81 Shara of govèrnanca costs Isèè notè 81 14,684 69,050 12,942 67,396 1,780,395 577,081 12-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Grants payable 2025 2024 Grants to instituts'ons.. Access Sport Contact Hostel Edith Cavell Fund Friends of Bidwell Brook School Earthwatch Europe Just Drop In Roald Dahl's Marvellous Children's Charity University College London Hospitals NHS Foundation Trust East Cheshire Hospice Manchester University NHS Foundation For the Baby's Sake Designability Charity Read for Good Streeuight UK Other grants to institutions 24,618 20,000 87,000 27,639 84,000 10,000 11,125 102,833 1,000,000 17,052 50,000 23,204 10,000 50,000 300,000 50,018 36,000 45,493 102,836 1,629,145 422,673 Net movement in funds 2025 2024 The net movement in funds is stated after charging.. Fees payable for the audit of the charills financial stslemenls 7,500 7,260 Support ¢ost$ Support Governance costs costs 2025 Support Govemance costs costs 2024 Bank charges Conference costs Website costs Professional fees Repairs and maintenance Audit fees Consultsncy 104 491 34 8,774 5,281 104 491 34 8,774 5,281 7,500 61,550 105 442 322 12,073 105 442 322 12,073 7,500 61,550 7,260 60,136 7,260 60,136 14,684 69,050 83,734 12,942 67,396 80,338 Governance costs includes £7,50012024'. £7,260) for audit fees and £61,55012024.' £60,136) for consultancy fees paid to Mr J Rhodes in relation lo his management role. 13-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the trust during the year. 10 Employees There were no individuals employed by the charty during the current or prior year. 11 Gains and losses on investments Unrestri¢ted Unrestricted funds funds 2025 2024 Gainslllossesl arising on.. Revaluation of investments Sale of investsn8nls 1687,9731 420,165 372,850 24,759 1267,8081 397,609 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 13 Tangible fixed assets Freehtsld land C05t At 6 April 2024 821,464 At 5 April 2025 821,464 Carrying amount At 5 April 2025 821,464 Al 5 April 2024 821,464 This relates lo land which is leased to The Woodland Trusl al no cost. A rewilding project is being undertaken as part of the trust's environmental objectives. 14-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 14 Fixed asset investments Listed investments Cash in portfolio Totsl Cost or valuation At 6 April 2024 Additions Valualion changes Cost of disposal Realised gain 7,634,124 7,858,747 8,498,282 17,567,678 1687,9731 1687,9731 18,771,721) 19,185,746) 117,957,467) 420,164 420,164 224,623 9,069,396 At 5 April 2025 7,092,876 108,273 7,201,149 Carrylng amount At 5 April 2025 7,092,876 108,273 7,201,149 The following investments individually represent greater than 50h of the market value of the investment portfolio.. 1,463,909 ordinary shares 198,300 ordinary shares Legal & General Global Technology Baltic Classified £2,110,957 £577,549 15 Debtors 2025 2024 Amounts falling due within one year.. other debtors Prepayments and accrued income 75,000 631 50,000 1,254 75,631 51,254 202S 2024 Amounts falling due after more than one year: Other debtors 75,000 100,000 Total dabtors 150,631 151,254 Included within other debtors is a loan made to another charitable organisation for £150,000. The loan is interest free for 12 months from the date that the loan was provided, then interest will be charged at 2°h for the following 12 months. Following this, interest will be charged at 3°/0 until the loan is fully repaid. The loan is expected to be repaid by February 2027. 15-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 16 Financial instruments 2025 2024 Carrying amount of financial assets Equity instruments rneasured al fair value Equity instrLJments measLJred at cosl less impairmenl 7,201,149 571,555 7,498,217 232,054 Carrying amount of financial liabilities Measured at amortised Cost 1,310,799 187,226 17 Creditors.. amounts falling due within one year 2025 2024 Grants payable Accruals and deferred income 353,316 9,781 149,813 17,413 363,097 167,226 18 Creditors.. arnounts falling due after more than one year 2025 2024 Grants payable 947,702 20,000 19 Grants payable 2025 2024 As at 6 April 2024 New commitments Payments made Commitments reversed 169,813 1,629,145 1497,9401 167,917 429,465 1420,7771 {6.7921 As at 5 April 2025 1,301,018 169,813 Falling due within one year Falling due after one year 353,316 947,702 149,813 20,000 1,301,018 169,813 16-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 20 Unrestricted funds The Ljnrestricted funds of the charity comprise the unexpended balances of donations and grants which are not SLJbject lo specific conditions by donors and grantors as to how they may be used. At 6 April 2024 Incoming resources Resources expended Gains and losses At 5April 2025 General funds 8,725,039 606,533 11,780,395) {267,8081 7,283,369 Previous year= At 6April 2023 Incoming resources Resources expended Gains and losses At 5April 2024 General funds 8,320,177 584,334 1577,0811 397,609 8,725,039 21 Analysis of net assets between funds Unrestricted Unrestricted Funds Funds 2025 2024 Fund balances al 5 April 2025 are represented by.. Tangible assets Inveslments Nel current assets Long term liabilitigs 821,464 7,201,149 208,458 1947,7021 821,464 7,858,747 64,828 120,0001 7,283,369 8,725,039 22 Related party transa¢tions During the period the trustees made donations lotslling £440,390 12024.. £408,572) lo the charity. The donations relate lo the gift of shares into an investment portfolio. This has been included as a fixed asset addition in the period. 23 Analysis of ¢hango$ in n¢t funds Th8 trust had no matèrial dèbt during the y88r. 17-
THE MATHER FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 24 Cash absorbed by operations 2025 2024 (Deficitysurplus for the year 11,441,670) 404,862 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 1166,1431 {420,1651 687,973 {440,3901 1177,7621 124,7591 1372,8501 1406,5721 Movements in working ¢apital= Decreasellincreasel in debtors Increase in creditors 623 1,123,574 11 50,4911 9,530 Cash absorbed by operations {656,1981 1718,0421 18-