Charlty raglstratlon number 1192174 THE MATTHEW ROBINSON TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 • xeinadin
THE MATTHEW ROBINSON TRUST LEGAL AND ADMINISTRATIVE INFORMATION E M Mdntyre Mr M C C(411ns Mr C M Ferguson J ght Mr O Foulds Rev J GwyTrThomg8 A Madden (hppolntad 9 May 2023) Chartty nurnbar 1192174 Indepgndont examlner Deborah Fletd)er4lcV8y FCA Xeln8dln Ac¢ountsnts Oak House, Market Place Bedale North Yort8hlre DL8 1AQ Banker4 Bardays Bank Lèl¢esler LE87 28B CAF Bank Ltd 25 lfjng8 HUIAvwwe ngs Hlll IAÈst Malllng Kent ME19 4JQ Invostmont advl80rn CCLA Investment Managem&tt Ltd 80 Cheapside London EC2V 6DZ
THE MAThHEW ROBINSON TRUST CONTENTS TNsloe8' 6-12
THE mAHEw ROBINSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The finandal ststements have ba8n wapared in accord 7hilh the ac0)ng polirjes set out in note note,noteOI to the finand81 $tstfjrnents and Cl(Ys ti)nsth. the chille$ Acl 2011 and 'Aix(yJnt¥ig and Reporflng by Charilles.. Stalwnont of Recommended pral aprAkble to preparfThJ thetr a¢xounts In accordance vAlh the Flnanclal Reportww Standarf appfjotde in the UK and Republlc of Ireland (FRS 102). leff8cfve 1 January 2019). Octlves and acllvltle• The obieGl¥es oflh& CIO w8: The Provlston of houslng g¢(¥)mmodalion to peoFI& Twho are need. hardshlp or dstre$$ and who the INsle8s have Idenlfied as ha¥thg 8 ne4d fraCCun In th• area of b8n•fft. tnduding bul nol Iknmied to them having a connodknn to the wea of ljenefft or a naad lo raslda kn the wea of benefft for thetr Ik Suth dwll8Ne pu01¢5 forthe benefft olth& re¥klwts as the Iwst•8s declle; d. The provtston of It8. seryk8 aThJ faolities nurnwt•S. Wtr8d$. S¢ths. c¢lleg or ofvr re¢owlsed pla¢es of edu¢allon. leornlryJ cf trlntng th818rn operatlig tfvrfthln ry proNldtnll wvlcs within tho aroa 0fnL CIO wdertake. Achlevements •nd perfonnanco Durtng 2023. th¢ Trust &intiwed hs patheTthp h BToadaue$ Hovslng Assothkn who are re8pon8f¢le for th8 day4trdoy m8nagem¥rt ofthe wopth. as Almshse$ {nanth S(thooJ House, Robinson Cottay& and 1 & 2 mshousesl. 8etng the first full year of r4wation With re8ped to the and the Twsls porfner8hlp wih ManagenlI reportoig backto ItsTrnst th•se h8¥• b88n trrto F44ce In 2024. As per many orgthsth)ns I. the Tnmt has seen IrKrea8e in intsr08t r•t•8. Ixrt dewle th15 the Trugt has kept tts fts General 0pwalff Fund in Iln• ilh its Resem5 Pofjq. No grnnts mode to place8 d •d1th th 2023. The board appolnted a nTj$10e (AMd Madden) kn 2023. Fln•n¢l41 r•vl•w The Statement of FtnarthlAclMlles shtm a gawi fortht yw Ibetre kwes) of£6.707 {2022: dethi £5061. The unle•d 1n ¢)n the Irtwsth rrtolned yS £2.883 P022.' loss 01 £4,128). Th8 mart&t valua ot Inv¢stments at the ent1 of the year was £34.2S3 (2022: £31.370}. T¢al funds of th8 CIO aNounted to £441.861 01 31 D•camber 2023 (2022: £432271), It Is the polcy of the CIO that unrestiiLed funds have been desvJn•ted fN 8 spedfic use should be maint•ned ¥t ¥ le 8qtsrdènt lo betswn thfee and six ffwth's axpdre. The trustees conslder rewv8S at thls level ensure thaL In the e4ent ol a SI1fir2nt drop in funding. they be atk to &rttnu• th• CICYS h•$ b8en malntalned througfr the year.
THE MArrHEW ROBINSON TRUST TRUSTEES. REPORT (coKllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 8tructUrni g(w•minee Ind manageffl•nt Tho CIO 8Stsbllsh by 4 con8titullon Thh the Ch•ty on S No¥emkn 2020. On 18 June 2021 ts Chwty Cornn Wyd th• Thh A trthr dalè of 12 2021 01 th• unlncfjrporated chartt8tAe tr1 Th• IAathw Rthrwi Tnrff Thlth th• CIO. Al not of th• unlncorported thathable Irustwero •cqulrgd ty th• CIO. E M Mrjntsffe Mr M C Colwns Mr C M Ftrw)n J Vthghl r O FouldB Rov J n•ThOrn A M•dd¢n (p4VrA•d g M•y 2023) 18 only md• from tho•e thè L•Ird, objec0 and we coMlder•d Yll quallfit to ¢orthlbJt• to It• None ofth¢ IJUSt hol •ny krfor••t In ts ¢(¥rywry. Al ofth• 4rn Oft clynwny gu•r•nlee lo contrlbulo £1 In tho •¥•nl ol • tAthdkng w. Th• I•1 w•• •pwth*d ty th• Bowd E M ldn• Chalrnmn MrMCCd Tm•urnr
THE MAThHEW ROBINSON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE mAHEw ROBINSON TRUST I r8POrt lo th• tw8ts•8 on my exnatIon ofthe flnandal 8lat•)wnts ol Tho Matthaw Roblnson (ts CIO) for the yeor gnded 31 December 2023. Regponglbllluos and ba•18 of rnport A8 the tnJ8lees of the CIO you are responslblg for the pr8parnUcffi of tho ffin8nd•t $latem•nts In aecordanea wllh th$ requtremants of the Chaiiti98 Act 2011 (the 2011 Ad). I report In respect ol my examInon of the CIO'8 fin8nclal 8tatements caThied out under 8edon 145 of the 2011 Ac¢. In carrylng oul my ex8mthatknn I have folltywed all the appllcable Dlrectlons glven by the Charfty Commlsslon under sethn 1451511b) ofthe 2011 ACL Ind¢p•nd•nt •xwnln•f$ 8t•t•m•nt Your attention 55 drawn to the fact th the chaty ha8 prepared ttnandol St81ents In aoxjrdance with Aunting and Reporting by Charttie5 preparfng thelr accounts In acixJTdanc£ wmh the Flnandal Reportlng Standard appllcab In tha UK ond Republ1¢ of Ireland IFRS 1021 In preference to the Ac(>)unting and Reporung by Charftle6.' Slalemant of Racommonded Pracbcg 188ued on 1 Awll 2005 wNch Is refeThed to In the axtant regulallons Ixrt has now bn wilhdrawn. l understand that thi¥ ha$ been done In order for fmandal ¥tatements lo provlde a true and latr view in a¢wdan with Ger4A¢tedA¢eovtitin9 Prnthce tiffedv forrwrling porfod8 lnning on rs ¥fttt 1 January 2016. I have completed my ex#Thllnatlon. I confim that no matters have Come to my attentlon In cwnectlon wlth the exanlnallon givnig me to belleve that In any rna181 respect accounting r8cordsw8re not kept In respect oflh& CIO as reqUd by sectton 130 of the 2011 Ad,. or th& fin8ntsal 8taterntrnts do niA a¢¢ord vAlh those rèeords; or the finanrAal 8tatefflents do not compty 7Mlh the appllcable Tequirements concemtng the fomi and contant of accounts Sel out In the Charilies {AUnts and Report81 Regulalons 2008 olher Ih8n any rgqutrement that the ac¢ounts a Iruo and f8tr vkwwhl¢h Is not a matter c¢81dered as port of an Independent eXarnina0n. I ha no COrmS and have come Across no other matters in connectmin with the examlnatlon to whk* olten should be In INS report In tsrder ¢0 enable a proper undeTrtandtng of the financlal Statements lo be Teached. D•bornh Fl•teh•r4lcV4y F Xelnadln Accountants Oak Hou$8. Market Pl?¢e Bedale North yo$h• DL8 1Aa
THE MArrHEW ROBINSON TRUST STATEMEwf OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unre8trlct•d UnYMtrl¢tsd funds 2022 In¢om• from: Chaiitable adNit Imi&strnents 36.252 35,473 979 TO Incom• 37,248 36.452 Expendllure on: Ch8rftsble 8dvltle$ 30.541 38.958 TotAI expendltur• 30.541 36,958 Net galnsl(kn88•81 on Inve8lments 2,883 {4.1281 In¢¢)md(expèndiiurèl and movement ln fund8 9,590 {4.6341 R•eonelllatlon of lunds: Fund balances at 1 January 2023 432,271 436,905 Fund balanees at 31 Doc•mbBr 2023 441,881 432,271 The Statement ofllnandal adv$*$ Indud•8 all galn8 and1088e8 recognised in the year. All Incm and expendrture derfve from conllnulng adlthes.
THE MArrHEW ROBINSON TRUST BALANCE SHEEr AS AT 31 DECEMBER 2029 2023 2022 Flx•d aM•ts T4nolbl& a88et8 Investrnenl• 8W,623 34.263 689.483 31,370 10 r24,876 720.853 11 9.949 15.481 6.435 46,543 h #t b•nk and In h•nd S2,978 CT•dltorn: wnouThl• f•lllng du• *4thln an• ymr 13 19,534) 147,804) 15.898 5,174 Tol•l u••l• IM• ¢wr•nt V•bllltl•• 740,772 726,027 Cr•dltorn: #mounts f•lllnq th• •ft•r morn th•n on• y1 14 f298,911) (293.7661 N•t ••••l• 441.861 432,271 Th• fvnd• of th• CIO Unr••trkted fiJnd• 441,861 432,271 441,861 432.271 Th& flnandal 8thl•menl• •pwov•d ty the InJ•kn•8 (ffj....... .... ......... E M Mdntyr• Tru•te• Mr M C Colkn#
THE MAThHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ountlng pollcl•$ Charfty Infornifitlon The Matthew Roblntson Tmst 1$ a charftable Intrjwaled organlsotron eslal>llshed by a ¢onsllbJtkn and registered with the Chartty Comm15550n. 1.1 Accountlng cowontjon The financS0l statements havg been prepared In accordan¢¢ wth the CIO'S Igovemlng documentl, the Char[tS Act 2011, FRS 102 The FinancAal Reporilng Standard appllcable in the UK and Republlc of Ireland. IFRS 102.1 and the chaii16gs SORP 'Accounting ¥nd Repoiting by Charilies.. Statement ol Recommended Pr8¢ti¢e 8ppli¢ablg to prep8rtn9 their 8c¢ounts in aVan¢& wilh th¢ Fln•ndal Repting Standard 8ppllcable In the UK and Republic of Irdand IFRS 102}. 18ffectiv• 1 January 20191. The CIO 18 * Pubk Benefft Enoty as deltned ty FRS 102. The CIO has taken advantage of the provi8lons In the SORP for (arilies not to Prepare a St4lement ol Cash Flow$. The ffinandal statements have departed trorn the Charilies {Accounls and Report81 Ragulatlons 2008 onty to the tsxtent required to prowde • truo ¥nd fair vlaw. Th1$ dop8rtur¢ ha$ tnvofvad follovAng the Statement of Recommandgd Pr8cU¢e for ¢h8rlles apptylng FR8 102 rather than Ihe verslon of the Statement of Recommended Pla vJthl¢h 15 referred to In the Regulglons bul whlth has slnce been thdraWn. The finandal Statements are prepared In 8terflng, whlch Is the fundlonal currenry ol the CIO. Monetsry amounts In these ffinandal 8talemenl$ ara rounded to tha naaresl £. The finandal statement8 have been prepared und8r the historkgl ¢08t eonvantlon. modffled lo Indude certaln financMI instruments al falrv81ue. The prfndpal ac¢ounllng polkl8s adopted are set ou¢ bebyw. 1.2 Golng toneèm At the ttme of approving the finandol statements, tha tru8tee8 have a re&$onablo expe¢#atson that the CIO has adequate resources to conunue In operational exlstgn¢e for the fore8ee•bJ$ fvlurg. Thus the trlteeg contlnue to adopt thts going concem bas1$ olaccountkng In prepadng tha financLql statements. 1.3 Ch•rll•bl• fund• Unrestslthd fund8 ar• avallabl8 for us• at the dls(etion of the Iw81ees In furtherance of thelr thilable Restri¢Xèd funds are 8ublecl to 8pedfic condlllons by donors or grantors as to how they may bè us•d. The pUOSe8 2nd u8e$ ofthe re8trfrted funds are set out In the no¢es to the finanLyal statements. End¢y*mièntfund$ •0 suW•¢tto $ydftc condlllons by donors thatthe capllal must bo malntslned by the CIO. 1A Incomo 1$ recognl8ed vthen the CIO Is18g81ty gnttued to tt after any performance condNlon8 be•n mat, the amounts can be measured rellabty, and It Is probable that in(¥me wlll be r8¢alvod. Cash donailons are rOgnISed on leIpl. Cther donallons are recognlsed on¢0 th& CIO ha8 been ni>Ofi8d of the donatlon, unle68 perfoanCe condition8 requlr¢ deferr81 of Ihe 8m¢)unL Income tax recAverabie In relallon to donatJon¥ received undor GIftd or dd$ olcov8nanl Is racognlsgd at tha Ilm6 ofthe don8Uon. Legades are recognlsed on r8¢elpt or otherwlse If the CIO has been notlfied of an bnpendlng dbslrfbullon. th amount 15 known. ond recelpt IB expected. If the amount 18 not known, the leoaw 18 Iroatgd as a cOnngent
THE MATTHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcle IC¢>nllnu•dl Income from tharllable actMUe8 Incbjde proieci grants and rental income. Rentsl hKome Is recognlsed wh8n recglvablo by the tharfty. Grants are recognlsed when Ihe charfty Is entilled to the grant. Inv•8tmant Incom•. In tho lom of In¥e8thnt C¢mO and dividends. * recogni6ed when by the tharbty. 1.6 Expendltuff• RoUl¢0$ gxponded Induded In the Statemw)t of Flnandal AdMUe$ on an aC(nlS basls. Indus¢ of any VAT whlch cannot bo re¢overed. Expendtture Ls attrlbutab18 to sp8dll¢ has b88n Induded In the$¢ tost e4tegorfe8. Charftable expendlture ¢oTryfjse$ th088 ¢0 Enrr by the ¢hartty In th8 delry of Its 8Ctlviltes seceS forl1$ beneltdartes. 1.6 Tanglblg flxgd assets Tangwe (axod os$&ts are Inrtlalty measured at ¢ost and 8ubsequentr¥ m&asured al e/Jsl or ¥atuaWon. net of depredatton and any Impalmienl losses. TangNe Ilxed assels #ro Inluaty measured 8t ¢ost $ub8oquentty m&a8ur•d al st or ¥&9110n, Mt of dèprec4atton and any Impalmient losses. Fra8hold land and buUdiThJs The drY'S properues are not depreclated on the b881s that thelr re81du81 valu8 Is expected to bo •qu•l to #l leastthe cost of acquisitton plus Improvements madtr. The galn or108s Irfn9 on thè dlwsal ot 8n •886t Is detemikned 4$ the drenc0 betwe¢n the 8818 pro¢eeds and the canylng value of the a8t, andls recogni¥4d In Ihe statement of financkl adfrAII88. 1.7 FId 8s••t Investments Flxed 888è1 In¥o8tments are Inlllally mo88ured al transadon prlcè eXdIIn9 Irans8tXkn ¢0818, and are subsequently measured al falr value at each reportlng date. Changes in falr valug T?gnISed In nel tncomel(wndltur1 fiytho y¢ar. Tr8n8adlon ¢ostS Ar• exp•n8•d 88 In¢uff. 1.8 Impalm)•nt ot flxed a•th At eath reportlng end datè. thtr CIO Rvlews the ¢8rrylng amounts of its tsngibla 88sets to d$teMne V*thether thero 4 any Indlcolon that thos& assets have Suffered an Impalrmenl loss. 11 any Such tndlcauon Sts, th8 recovorable amount of the asset Is esltrnated In order to d•tamMn8 tha extant of Iho Impalnnent loss Olany). 1.9 Flnanclal Instruments The CIO ¢l•¢ted to apply the provl$lon$ of Sedjon 11 '8•8lc Financaal In8truments' and Sedon 12'0ther Flnandal Instruments Issues, of FRS 102 to all of Its Itnan¢knl Instrumonts. Flnand•l InslnJments ar& rewnl8ed In CIQS baknce sheet wthen the CIO becm8 party to tho contr8dual provlslons of the In8lNment. Flnanclal 988et6 and Ilabl1e8 are offset wlth the net amounts presented In tho 17nandal 8t8tements. wthen ther•18 a legally enforceabltr rtghl lo set off the reo)gntsed amounts and there Is an Intentthin to setue on a net basls orto reallse the asset and settte the Ilabllty SIrone0usty.
THE MAThHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AccotIng pollclo# Icontlnued) a$1¢ IIMn¢lal ets 88$1¢ flnandal assets. whlch Indude deblors and ¢h aYKI bank b•l¥nc•s, or? Inwalty Msured at tr8nsacUon prfce tndudlng transactron costs and are subsequentty carrf$d Al amort1s8d cost U91ng the effectlve Inter•8t mthod. Flnandal os3ets dasslhed aB receable vAthin one year are not amort18ed. &knie flnanelallhbllltl•s Basic financl81 Ilabllitie8, Induding treditors and bank loans are Inllally reoJgni6ed at trans1d1r prfc•. Flnondal Ilab116Ues dasslfied as payable withtn one yearare not amoitised. )•09n1t[0n of Ilnan¢l&l Ilwbilitses Finandal Ibabllltles are derecognlsed vknen the CIO'8 contractual obll9atlon8 exptrg or are dththarged or In¢om• from ¢harltabla a¢tlvld Unvellrfctsd Unr••trl¢t•d fund8 fundB 2023 2022 Incom• sou Managemont f8e Incoma Charttable rental tncome Other income 21.188 9.786 S278 19,989 36252 35,473 In¢omo from I••1M Unrestrlcted Unr••trletsd lund• fund8 2023 2022 Incorne from unllsted trNeStRnI¥ Intere recolvable 56 42 979
THE MATTHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMEiirs (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrn8trlcted Unre•tsl¢t6d fund fund• 2022 Dlr•¢t colts Insurance SubsL¥iPtion3 Ughtgnd h&at Rate8 Lag and prole88 Barf( charges 2,511 153 158 {811 13231 82 2.040 17.898 378 797 1,W20 24.927 Mortgage nrter8t and Ivpwwits IA•nag8menl fe8 30,541 38.958 A•ty$ by lund UnrestrIrt fd$ 30.S41 36.858 In(Jded wilhwb acu)untsrry costs #n amount of £1.920 (2022: Q.040) fr fees kn relakn to tho Tru•t• None of the trustees (or cor•thd thwn) re(aiRd renwneTation or frorn the CIO duthg the year. 2022 Number Numb Galm and10•0o• on Invmts) Unrnstrlcted Llwe¥trlcted fund• fund• 2023 2022 Gatnsl(k>sse81 athhig on: 2.883 14.128)
THE MArrHEW ROBINSON TRUST NOTES TO The FINANCIAL STATEMENTS (copifiNUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 T8x#tlon The tharlty18 •xempt from tsx on inco aThJ g•in¥ lthg ilhin 8e(alon SOS ol the TaxA 1988 or $8don 252 Of Taxth 0fChary Goths 1W2 to thts exknl th•t Ihem we W to Its ¢harhabl• c+Jl¢cts. Tanglbl• flx•d u••l• Fv•ohold l•Ad Co•t Al l Jonu•ry 2023 Addlknl 889,483 1.140 Al 31 D•cembw 2023 ),823 C•rrylng am¢)unt At 31 D•cqfflb•r 2tr23 .823 At 31 D•¢wnbw 2022 889.483 As • f•suIt of the mergor with unlnctyporaled trust Tr matth Rob5nson T, the CIO 8cqulr•d fr••hotd property kn¢)wn S¢hod Hou. No 1 •nd No 2 Th Alms Hj1 and land •t p Land. The charft•ble trn81 had acquW them Imm wedecs•or tharlOo8 no hlslorfc C1 Infomiatkin 1$ hdd by th• truil•tt th•6• wop•rt6. Th• trust••8 do 81d•r M •pwoprfot• to obtsln exlem81 v¥luknn ol fr••tK4d yopwty glwn the bj ol Imttod v•luè Ind the prthlbrtlve cost ol obtaln9 luch Val. Tho 8•nk •Kur•d o¥•r the fr•th(J S(1 Houw •nd 1 WKI 2 Almi Houm 10 Flx•d 4•••t Inv••lrnw COIF Crft1 Inv¢•lment Fund C¢)•t or YU*ll0n At 1 J•nu•ry 2023 Valualion dwiges 31,370 2.883 At 31 Decernbw2023 34.253 C•rrylng amount 34,253 At 31 D•c•mbv2022 31,370 -10-
THE MArrHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Oebtors 2011 2022 Amounts falllng due wlthln ong year. Prepayments and ac£rued incorne 9.949 6.435 12 Lo•n• •nd Vdfi 2023 2021 8ank loans 306,138 310.988 Payabl? wlthln one year Payable after one yaar 7,227 298.911 17232 293.756 Th& 88nk loan Is secured overthe frè8hold wopety known as Sthool Housè and 1 and 2hAms House$. banklogn a temi of 25 yoars from Ihg dAt8 olfirst draw down of 27 MAY 2021. repyments over the the Inltlal 12 monlhs are Interest onty th payments frun month 13 reverung to IntereBI and capltl. tho Inlèmst rata IS 3.5% 8bove thtr 88nk of England basè rnts. 13 Crndltorn: amount8 falllng du• wlthln on• year 2023 2122 Bank loans Trade ¢reditOTS Other credltors A¢wg19 8nd d&foff8d Incom8 12 7.227 267 17232 18.485 10,048 2,039 2.040 47,804 The Bank loan 1$ secured over tha freehold property 88 sd01 House and 1 and 2Alm8 Houses. 14 Crndltorn: #mounts t•lllng du• •ft•v morn th•n on• yèar 2023 2022 Bank loans 12 298.911 293,756 Th8 Bank loan18 sered over Ihe freehold propty knovm 88 School House and 1 and 2 Hou8a8. 11
THE MATTHEW ROBINSON TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Unrn•trf¢tsd fund• At 1 January In¢omlng R•%our¢M Galn• and At31 2013 432271 37.248 (30.541) 2.883 441.861 Pr•¥lou• Yr. At 1 JMuary In¢omlng R••our¢M O•ln• •nd At31 lo•w D•¢emb•r 2022 fun 136.958) (4,128) 432.271 10 R•lal•d p•rty tr•n•aet -12-