Charity number: 1193496 RICHARD J LIVINGSTONE CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
RICHARD J LIVINGSTONE CHARITABLE TRUST CONTENTS Page R8ference and administrative details of the charlty, its Trustees and advlsers Trustees. report Independent examin8rfs roport Statement of flnanclal activities Balance Sheet Notes to the flnanclal statements 8-12
RICHARD J LIVINGSTONE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees R J Livingslone, Chair O J Livingslone, Trustee A J Livingslone, Tiuslee Charity registered number 1193496 Principal office 16 Great Queen Street Lovenl Garden London WC2B SAH Accountants Blick Rolhenberg Limited Chartered Accounlanls 16 Great Queen Street Covenl Garden London WC2B SAH Page 1
RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report together with the financial slalemenls of the charity for the 1 April 2023 10 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes lo Ihtt accounts and comply with the ¢harily's Trust Deed, the Charities Act 2011 and the relevant version of the Slalemenl of Recommended Practice applicabla lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Oblectlves and activlties PoliGies and obJ¢GtIv*s The charitable objects of the charity are lo apply its income 2nd capital for the benefit of charitable object$ and purposes in any part of the world as the trustees see lil. In selling objectives and planning for adivilies. the trustees have given due Consideration lo general guidance publi8hpd hy thp. f.h2rily f.ommis8ion rplaling to piiblic benefit, including the guidance 'Public benefit.. running a charity IP82}'. b. Strategles for achieving objectives The Iruslees consider any requests for assistance from charities. Achievgments and performance a. Main achievements of the charlty During the year, the charity made grants of £26,73012023.'£70.000}. Further details are set out in Note 5. Flnancial review a, Golng concern After making appropriate enquiries. the Iruslees have a reasonable expectation that the charity has adequate Tesources lo continue in operational existence for the foreseeable future. For this reason. they continue lo adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the a¢¢ounling policies. b. Resetvès policy The charity is in ils early stage of activity since formation, Therefo the Irusleeg, approach is to consider the likely activitiès of th9 charity and determine an appropriate level of reserves. This approach will result in a developed reserves policy in due course. The charity has r8seNes of £2.565,957. The Iruslees intend lo use the funds for further giant-making activities. Page 2
RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 c. Financial revlew of the perlod The Slalemenl of financial activities sel out on page 6 of the financial statements shows how the charity's incoming resources have been expended in the year ended 31 March 2024. Total incoming resources amounted to £132,573 12023.. £581,161}, which comprised of donations of £3.300 {2023: £524,250) and interest income of £129.27312023.. £56,911). Resources expended 2mountod to £31,303 12023.. £73,360), with £26.73012023.. £70.0001 d¢froy¢d in mokin9 grants and £4,57312023'. £3,360) on governance and support costs. Overall, the nel surplus for the year was £101,27012023'. £507,801}. The statement of financial position sel out on page 7 of the financial slalem8nl8 Shows the financial position of the charity al 31 March 2024. Nel ¢urrenl assets amount lo £2,585,957 12023.. £2,464,687) which is represented by the unrestricted income fund. The nel assets of the unreslricled income fund are lo be applied towards the charills grant making activities and lo meet its ongoing overheads and adminislralive expenses. Structurei governance and management Constitution Richard J Livingslone Charitable Trust is a registered charity. number 1193496, and is consliluled under a Trust deed. The Charity was established by a conslilLJlional document on 11 February 2021. The address of the principal office is 16 Great Queen Street , London, WC28 5AH. b. Methods of appointment or electlon of Trustees The management of the charity is the responsibility of the Iruslees who are elected and co-opted under the lemis of the Trust deed. The Iruslees who served during the period were. R J Livingslone A J Livingslone O J Livingslone c. Organisational structure and decision-making pollcles The entire resources of the charity are unreslricled. and the lyustees have complete discretion over their use. d. Financial risk management The Iruslees have assessed the major risks lo which the Charity is exposed. in particular those related lo the opèrations and finances of the charity, and are satisfied that systems and procedures are in place lo milioale exposure lo the major risks. Page 3
RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods The charity is in ils early stage of aclivily. The needs of potential charities who seek grants will be considered over lime, together with the need to generate more income. Approved by order of members of the board of Iruslees and signed on their behalf by.. R J Livingsto Date.. 1410112025 Page 4
RICHARD J LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of Rlchard J Llvingstona Charltabl& Trust I'the charity'l I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. This report is made solely lo the charity's Trusleos. as a body, in accordance with Part 4 of the Chaiilies {Accounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charity's Trustees those mallers l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone olhar than the chaiity and the charlly's frusiees as a body. for my work or for ihis report. Responslbllltles and basis ot report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 A¢l'}. I report in respect of my examination of the charity's accounts carried out under section 14S of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's Statement Yuur atlention 18 diawn to the fact that the Gharliy has prepared the accounts in aecordance wilh Accounting and Reporting by Charities.. Slalemenl 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 in preference to the Accounting and Reportin9 by Charities.. Slalemenl of Recommended Practice issued on 1 April 2005 which is refeiied lo in the exianl regulations bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with thc Gttn¢rally A¢ccpted Accountin9 Practice eff¢¢tiv¢ lor reporting periods beginning on or aft¢r l January 201a. I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me Cause lo believe that in any material respect.. accounting records were not kept in resped of the charity as required by section 130 of the 2011 Act,. or the accounts do not ac¢ord with those records.. or the accounts do not comply with the applicable requirements concerning th& form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in wnneclion with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Daled..16 January 2025 Marc Lgvy FCA Bllck Rothenberg Limited Chartered Accounts 16 Great Queen Street Covent Garden London WC28 SAH Page 5
RICHARD J LIVINGSTONE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Not& Income from.. Donations and legaceS Investments 3,300 129,273 3,300 129,273 524.250 56,911 Total Income 132,573 132,573 581,161 Expenditure on: Charitabl8 activities 31,303 31,303 73.360 Total expenditure 31.303 31.303 73,360 Net movement in funds 101.270 101,270 507,801 Reconciliation of funds.. Total funds brought forward Nel movement in funds 2.464.687 101.270 2,464.687 101,270 4,956,886 507,801 Total funds carri8d forward 2.565.957 2,565.957 2,464,687 The Slalement of financial activities includes all qains and108ses recognised in the year. The notes on pages 8 to 12 form part of these financial stalemenls. Page 6
RICHARD J LIVINGSTONE CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 3,825 2,566,632 4,363 2,463,624 2,570,457 2.467.987 Creditors.. amounts falling due within one year 10 14,SOOI {3.3001 Not current assets 2,565,957 2,464,687 Total net assets 2,565,957 2,464,687 Charlty funds Unrestricted funds 11 2,565,957 2,464,687 Total funds 2,565,957 2.464,687 I statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. gstono 1410112025 The notes on pages 8 10 12 form part ofthese financial slatem8nls. Page 7
RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Inforinatlon RiGhaid J Livingslone Gharilable Trust is an unlncorporated charity and is registered with the Charities Commission in England and Wales. Ils registered office and principal place of business is 16 Great Queen Street, Covent Garden. London. WC2B 5AH. The financial statements are presènted in Sterling (£1, which is the functional currency of the charity. Monetsry amounts in these financial statements ale rounded lo the nearest £. Accounting policies 2.1 Basls of preparatlon of financial statements The financial slalemenls have been prepared in accordance wlh the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities prepaiino their accounts in accordance with the Financial Reporting Standard 8pplicsblÈ in thÈ UK and Republic of Ireland IFRS 102} {effeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalemenls have L)een prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a Irue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in nc.tnher ?019 rather than the AccoLinting snd Roporting by Charities.. Statem•nt of Ro¢ommond0d Practice effective from 1 April 2005 which has since been withdrawn. Richard J Livingslone Charitable Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or Iransa¢lion valu8 unless otherwise slated in the relevant accounting policy. 2.2 Goin9 tsoncern After making appropiale enquiries, the trustees have a reasonable expectation that the Charity has adequate resources lo continue in opeialional existen for the foreseeable future. For this reason. they eonlinue to adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 2.3 In¢omo All income is recognised once the charity has enlillement lo the ineome. il is probable that the income will be received and the amount of income receivable can be measured reliably. 2.4 Expènditure Expenditure is recognised once there is a legal or constructive obligation to transfer Bconomic benefit lo a third party. il is probable that a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendiluie is classified by activily. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allribulable lo a single activity are allocated directly to that aclivily. Shared costs which conliibute ID more than one activity and support costs which are not allribulable lo 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 lime spent, and depreciation charges allocated on the portion of the ass81's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support C0518. Page 8
RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting poll¢les Icontlnuedl 2.4 Expenditure {contlnued} Grants payable are charged in the year when the offer is made except in those ¢ases where the offer is conditional, such grants being recognised as expenditure when th8 conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, bul not accrued as expenditure. All expenditure is inclLJsive of irrecoverable VAT. 2.5 Interest recelvable Interest on funds held on deposit is included when receivable and the amount Can be measured reliably by the charity.. this is normally upon nolilicalion of the interest paid or payable by the inslilulion with whom the funds are deposited. 2.6 Cash at bank and In hand Cash al bank and in hand includes cash with a short malurily of three months or less from the date of acquisition or opening ol the deposit or similar account. 2.7 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the balance sheet date as a result of 8 past event, il is piobable that a transfer of economic benefit will be required in selllement. and the amount of the selllemenl can be eslimaled reliably. Liabilities are recognised al the amount that the charity anlicipales il will pay to sellle the debl or the amount il has received as advanced payments for the goods or seNi¢es il musl provide. 2.8 Fund accountlng General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance ol the general objectives of the charity and which hav8 not been designated for other purposes. Income from donatlons and legacies Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Donations 3.300 3,300 524,250 Page 9
RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment Income Unyestricted funds 2024 Total funds 2024 Total funds 2023 Interest receivable 1?9.?.79 129.273 56,911 Analysls of expenditure on charltable activlties Summary by fund type Unrestrlcted funds 2024 Total 2024 Total 2023 Glanls payable lo institutions Bank charges Independent examiners fees 26,730 73 4,500 26,730 73 4,500 70.000 3.300 31.303 31,303 73.360 During the year, the charity made glanls of £12,730 to the United Synagogue, £10,000 to UK Toiemet Limited and £4,000 lo British Friends of Hatzalah Israel. During the previous year, the charity made grants of £60.000 lo Jewish Care and £10,000 lo British Friends of Halzalah Israel. Analysis of expendltur6 by actlvities Grant funding of a¢tlvltles 2024 Support costs 2024 Total funds 2024 Total funds 2023 Grants payabl81o inslilulions Bank Charges Independent examiners fees 26.730 26,730 73 4.600 70,000 60 3,300 73 4.500 26.730 4.573 31,303 73,360 Total 2023 70,000 3,360 73,360 Page 10
RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Independent examlner's remuneration 2024 2023 Fees payable to the charity's independent examiner for the indopendenl examination of the charity's annual accounts 4.500 3,300 Trustè8s' remunoration and expenses Duiing the year, no Trustees received any remuneration or other benefils12023 - £NIL}. During the year ended 31 March 2024, no Tiuslee expenses have been incurred12023- £NIL). Debtors 2024 2023 Due within one year PrepayTnenls and accrued income 3,825 4,363 3.825 4.363 10. Creditors-. Amounts falling due wlthln one year 2024 2023 Accruals 4.500 3,300 11. Summary offunds Summary offund$- currentyear Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General funds 2,464.687 132.573 131.3031 2.566,957 Page11
RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Summary of funds Icontinuodl Summary offunds- prlory&ar 8alan¢e at 31 March 2023 Balance at 1 April 2022 Income Expenditure General funds 1,956.886 581,161 {73.360) 2.464,687 12. Analysls of net assets between funds Analysls of net assèts between funds - current p&rlod Unrestrlcted funds 2024 Total funds 2024 Current assets Creditors due within one year 2,570,457 {4,500} 2,570.457 14,5001 Total 2,565,957 2,565,957 Analysis of n9t assets between funds - prior period Unreslricled funds 2023 Total funds 2023 Current assets 2,467,987 13,3001 2,467,987 13,300) Creditors due within one year Total 2,464,687 2,464,687 13. Related party transactions Donations of £3,30012023'. £524,250) were received from the trustees or enlilies under their contr. Page 12