## **Livingston Charitable Trust**
**Charity No. 1180801**
**Trustees' Report and Unaudited Accounts**
**31 December 2021**
**Livingston Charitable Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Statement of Cash flows|12|
|Notes to the Accounts|7 to 11|
|Detailed Statement of Financial Activities|13 to 14|
Page 1
**Livingston Charitable Trust Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1180801**
## **Principal Office**
36 Firth Road Houston Industrial Estate Livingston EH54 5DJ
## **Trustees**
The following trustees served during the year:
G.A.H. Jumani J. Jumani
M.R. Jumani
## **Accountants**
Sabat Accountants Ltd t/a Seymour King Suite G1
Hartsbourne House Delta Gain Watford WD19 5EF
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document are to relieve poverty and financial hardship through the provision of grants, loans, goods or services.
The main activities undertaken in relation to those purposes was to provide financial assistance to organisations in order to meet the charity's objectives.
The trustees believe that the objectives, aims and activities stated above are for public benefit and that they have given due consideration to the Charity Commission's guidance on the public benefit requirement.
## **ACHIEVEMENTS AND PERFORMANCE**
The Trust supported the following charitable projects during the year:
1. A total sum of £539,927 was donated to various UK charities in line with meeting the trust's objective of poverty relief, assistance with financial hardship, medical care, education etc.
2. A donation of £2,000 was made to children in Africa who were left orphaned due to Coronavirus.
3. This year saw an increase in requests for coronavirus related donations, and the trust donated £53,000 towards these worthy charities in India.
4. £1,700 was donated towards a food bank project in Glasgow.
Page 2
## **Livingston Charitable Trust**
## **Trustees Annual Report**
5. A total of £18,500 was donated towards the sponsorship of 200 widows in India. A further amount of £52,000 was granted towards orphans, medical aid for the poor, community development projects and the relief of poverty program in India and Tanzania.
## **FINANCIAL REVIEW**
During the period under review, the charity received unrestricted income of £878,296 (2020: £352,400) and had an expenditure of £668,629 (2020: £333,585). At the balance sheet date the charity held unrestricted funds of £355,924 (2020: £146,257).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's running costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The trustees consider the reserves policy to be adequate having considered the impact of COVID-19.
Donations are raised through contacts the trustees have with potential donors.
## **PLANS FOR FUTURE PERIODS**
In 2022 we have pledged to continue supporting the above-mentioned activities so that there is no interruption in providing support to the needy and poor. The focus of the Trust will be to support the widows and orphans in terms of their daily needs and specifically for the education of the children.
The Trust will also be assisting the elderly in Tanzania with their cataract operation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Livingston Charitable Trust is an unincorporated charity, registered in with the Charity Commission for England and Wales, with charity number 1180801. It is controlled by its governing document, a trust deed dated 15 June 2018.
The recruitment and appointment of a trustees is governed by clause 9 of the charity's trust deed.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
J. Jumani Trustee 27 October 2022
Page 3
**Livingston Charitable Trust Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Livingston Charitable Trust**
I report to the trustees on my examination of the financial statements of Livingston Charitable Trust for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FCCA.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Sajjad Tejani FCCA Sabat Accountants Ltd t/a Seymour King Suite G1 Hartsbourne House Delta Gain Watford WD19 5EF 27 October 2022
Page 4
**Livingston Charitable Trust Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5
Other
6
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|
|||**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|
||||||
|||878,293|878,293|352,450|
|||3|3|-|
|||878,296|878,296|352,450|
||||||
|||667,127|667,127|331,068|
|||1,502|1,502|2,517|
|||668,629|668,629|333,585|
|||-|-|-|
|||209,667|209,667|18,865|
|||-|-|-|
|||209,667|209,667|18,865|
||||||
|||209,667|209,667|18,865|
||||||
|||146,257|146,257|127,392|
|||355,924|355,924|146,257|
||||||
||||||
||||||
Page 5
**Livingston Charitable Trust Balance Sheet**
**at 31 December 2021**
|**Charity No. 1180801**
**Current assets**
Debtors
8
Cash at bank and in hand
**Creditors:**Amount falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
10
**Unrestricted funds**
10
General funds
**Reserves**
10
**Total funds**
Approved by the trustees on 27 October 2022|**2021**
**£**
-
357,124
357,124
(1,200)
355,924
355,924
355,924
355,924
355,924
355,924
355,924|**2020**
**£**
6,250
141,207|
|---|---|---|
|||147,457
(1,200)|
|||146,257
146,257|
|||146,257|
|||146,257|
|||146,257|
|||146,257|
|||146,257|
||||
And signed on their behalf by:
J. Jumani Trustee 27 October 2022
Page 6
**Livingston Charitable Trust Notes to the Accounts**
## **for the year ended 31 December 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Livingston Charitable Trust Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 8
**Livingston Charitable Trust Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
General donation
Gift aid
4
**Income from investments**|**Unrestricted**
**£**
872,043
6,250
878,293
**Unrestricted**
**£**
3
3|**Unrestricted**
**funds**
**2020**
**£**
352,450
352,450
331,068
2,517
333,585
18,865
18,865
18,865
127,392
146,257
**Total**
**2021**
**£**
872,043
6,250
878,293
**Total**
**2021**
**£**
3
3|**Total funds**
**2020**
**£**
352,450|
||||352,450
331,068
2,517|
||||333,585|
||||18,865|
||||18,865|
||||18,865
127,392|
||||146,257|
||||**Total**
**2020**
**£**
341,200
11,250|
||||352,450|
||||**Total**
**2020**
**£**
-|
||||-|
Page 9
**Livingston Charitable Trust Notes to the Accounts**
- 5 **Expenditure on charitable activities**
|5
**Expenditure on charitable activities**|||||
|---|---|---|---|---|
|_Expenditure on charitable_
_activities_
_Governance costs_
6
**Other expenditure**
General administrative costs
Legal and professional costs
7
**Staff costs**
No employee received emoluments in excess
8
**Debtors**
Other debtors
9
**Creditors:**
amounts falling due within one year
Accruals
10 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**|of £60,000.|**Unrestricted**
**£**
667,127
667,127
**Unrestricted**
**£**
302
1,200
1,502
**2021**
**£**
-
-
**2021**
**£**|**Total**
**2021**
**£**
667,127
667,127
**Total**
**2021**
**£**
302
1,200
1,502|**Total**
**2020**
**£**
331,068|
|||||331,068|
|||||**Total**
**2020**
**£**
117
2,400|
|||||2,517|
|||||**2020**
**£**
6,250|
|||||6,250|
|||||**2020**
**£**|
|||1,200||1,200|
||**At 1 January**
**2021**
146,257
146,257|1,200
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
878,296
878,296|**Resources**
**expended**
**£**
(668,629)
(668,629)|1,200|
|||||**At 31**
**December**
**2021**
**£**
355,924|
|||||355,924|
Page 10
**Livingston Charitable Trust Notes to the Accounts**
## 11 **Analysis of net assets between funds**
|11 **Analysis of net assets between funds**||||
|---|---|---|---|
|Net current assets
12 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 January**
**2021**
**£**|**Unrestricted**
**funds**
**£**
355,924
355,924
**Cash flows**
**£**|**Total**
**£**
355,924|
||||355,924|
||||**At 31**
**December**
**2021**
**£**|
||141,207|215,917|357,124|
||141,207
141,207|215,917
215,917|357,124|
||||357,124|
|||||
Page 11
**Livingston Charitable Trust Statement of Cash flows for the year ended 31 December 2021**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2021**
**£**
209,667
(3)
6,250
-
215,914
3
3
-
215,917
141,207
357,124|**2020**
**£**
18,865
-
(6,250)
1,200|
|---|---|---|
|||13,815
-|
|||-|
||||
|||-|
||||
|||13,815|
|||127,392|
|||141,207|
||||
|**Components of cash and cash equivalents**|||
|Cash and bank balances|357,124|141,207|
||||
||357,124|141,207|
Page 12
**Livingston Charitable Trust Detailed Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Income and endowments from:**
Donations and legacies
General donation
Gift aid
Investments
**Total income and endowments**
**Expenditure on:**
Charitable activities
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Bank charges
Exchange rate (gain)/loss
Legal and professional costs
Audit/Independent examination
fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward|**Unrestricted**
**funds**
**2021**
**£**
872,043
6,250
878,293
3
3
878,296
667,127
667,127
667,127
355
(53)
302
1,200
1,200
1,502
668,629
-
209,667
209,667
-
209,667
146,257|**Total funds**
**2021**
**£**
872,043
6,250
878,293
3
3
878,296
667,127
667,127
667,127
355
(53)
302
1,200
1,200
1,502
668,629
-
209,667
209,667
-
209,667
146,257|**Total funds**
**2020**
**£**
341,200
11,250|
|---|---|---|---|
||||352,450|
||||-|
||||-|
||||352,450
331,068|
||||331,068|
||||331,068
117
-|
||||117|
||||2,400|
||||2,400|
|||||
||||2,517|
||||333,585
-|
||||18,865|
||||18,865
-|
||||18,865|
||||127,392|
Page 13
**Livingston Charitable Trust Detailed Statement of Financial Activities**
**Total funds carried forward**
355,924 355,924 146,257
Page 14