Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F Charlty number.. 1193496 RICHARD J LIVINGSTONE CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST CONTENTS Pag& Reference and admlnlstratlvè detalls of the charlty, Its Trustees and advlsers Trustees. report Ind8p8ndent examlnefs report Statement of financlal a¢tlvllles Balance sheet Notes to tha flnanclal slatemont8 8-12
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees R J Livingslone. Chair O J Llvingslon8, Trust88 A J Livingslone, Trustee Charlty reglstered number 1193496 Prlnclpal offlce 16 Gre81 Queen Street Covent Garden London WC2B SAH Independent examlner hAarc Levy FCA Blick Rolhenberg Llmiled Chartered Accounlanls 16 Greal Queen Slreel Covanl Gard8n London WC2B SAH Page 1
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report together with the financial statements of the charity foT the 1 April 2024 10 31 March 2025. Th8 financial $181emenls have been prepared in a¢¢ordanc¢ wilh the a¢counling policies sel out in notes lo the accounls and comply with tha charitys Ttusl Deed, the Chgrilles Act 2011 and the relevant verslon of the Slalemenl of Recommended Pracllce applicable lo chaiilies preparing their accounts in accordance with th6 Financial Reporting Standard applicable in the UK and R&public of Ireland (FRS 102}. Objectives and activitles a. Poll¢les and oblecllves The chsriiable objects of the charily are lo apply 118 income and capital for the benefil of charitable objects and purposes in any part ol Ihe worfd as the ITuslees see fil. In selling obleclives and planning for aclivilies, the Irusleos have given due consider81ion to general guldance publlshed by Ihe Charily Commlssion relaling lo publlc bènafil. Includlng the guidanc£ 'PubliG benefil.. runnlng a charity {P821'. b. Strategles for achlevlng obl&ctlv8s The Iruslees consider any requests for asslsl8nce from charilles. Achltsvements and performance Main achlevoments of the ¢harlly Durfng the year, the charity made granls of £78,000 (2024.. £26,730). Further delalls are sel out In Note 5. Flnanclal revlew a. Going concern Aller makin9 appropriate enqulries, the Iruslees have a reasonable expectation Ihal the chaiily has adequate resources lo conlinue in operational ex581ence for the foreseeable future. For this reason. they continue lo adopt the going concern basis In preparirig the financial slalemenls. Further deiails regarding th8 adoption of the going concern basis can be found in Ihe 8ccounling policies. b. Rosfjrvfjs pollcy Thé charlly Is In its early stage ol activity since formation. Th8r8for8 tha Irusleès, approach Is lo consider thè Ilkely aclivllies of th8 charity and determin8 an approprlate level of reseNes. This approach will result in a d¥veloped resBtves policy in due course. The charity has Teserves of £3,878,930 of which £1,250,000 is in the form of an expendable endowment funds and the remaining £2,628,930 is unreslricled funds. The Irus18es intend lo use the funds lor fijrlher granl-making aclivilies. Page 2
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financlal revlew of the period The Slalement of financ4al aclivllies set out on p8ge 6 of Ihe financial slalements shows how the charitls Incomlng resourc8s have been expended In the year ended 31 March 2024. Total Incoming resources amounleé lo £1,395,778 12024- £132.5731, whlch comprised of donations of £1,254.500 (2024.. £3,300) of which £1.250,000 {2024= £nill was in the form of an oxpendabl8 endowment and inleresl income of £141.27812024.' £129.2731- Resources expended amounled lo £82,805 {2024: £31,303), with £78,000 {2024- £26,730) defrayed in making granls an¢J £4,80512024'. £4,573) on governance and support costs. Overall, the r*el surplus foi the year was £1,312.973 (2023.. £101,270). Thè slalement of ftnancial Posilion sel out on page 7 01 th& financlal sl8lements shows the firtanclal posillon of Ihe charity al 31 March 2025. Nel current assets lots1 £3,878,930 {2024: £2,565,957), comprising unreslricled Income funds of £2,628,930 (2024.. £2.565.9571 and 6XP8ndable endowment funds of £1,250.000 12024.. £nil). The nBI assels of the unTeslri¢led income fund ai6 designated for the charil¥s granl-making activities and for covering ongoing overhead5 and administrative expenses. The nel assets of the expendable endowment fuRd are lo be invested lo generate income lor the unreslricled fund, as previously outlined. or may be applied dir8clly lo granl-m8king activities and operalional costs, il so determined by the Iruslees. Structiirey governan¢e and managpment a. Constllutlon Rlchard J Livingslone Charitable Trust Ss a reglslered ch8ri1y. numbèT 1193496, 2nd is consliluled under a Trust deed. The chBrily was es18blished by a conslilulional document on 11 February 2021. Th8 address of the princlpal office Is 16 Gieal Queen Street , London, WC2B 5AH. b, Methods of oppolntmgnt or electlon of Trustees The management of Ihe charity is the responslbilily of Ihe Irusle8s who ale elected and co-opted under Ihe lemis of the Trust deed. The Iruslees who seived during the period were.. R J Livingslone A J Livingslone O J Llvingslone c. Organlsatlonal structuro and dgclslon-maklng pollcles The enllr6 resources of the charity are unreslrtcled, and th8 trusl8es hav8 complete discrelk)n over Ihelr use. d. Financial risk management The Iruslees have assessed the major risks lo which the charily is exposed. in particular those relaled lo the operations and finances of the charity, and are satisfied that systems and procedures are In place lo miligale exposure lo the major risks. Pag8 3
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods The charity is in Ils earfy slage of actlvity. The needs of potential charities who seek grants wlll be considered Dvar lime, together wllh the ne8d lo gen6rale more Incoma. by order of lh& membeis of the board of Iruslees and signed on their behall by.. Ivlngstone Dalg.. Page 4
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examlner's report to the Trustees of Rlchard J Llvlngstone Charltable Trust {'Ihe charlty'l I report lo the charity Trustees on my examinaliDn ol the accounls of Ihe charily for Ihe year ended 31 March 2025. This report is made solely lo the charlIS Tiuslees, as a body, in accordance with Part 4 of the Charities (Accounts 8nd Reports) Regulations 2008. My work has been undertaken so that I might slate lo Ihe charitys Trustees those mallers l am required lo stale lo Ihem in 8n independent ex8mineVs report and for no other purpose. To the fullest exlenl permilltsd by law, I do not accept or assume responsibilily lo anyone olher than the ch8rily and the ch8ritVs Trustees as a body. for my work or for this report. Responslbllitlès and basls of report As Ihe TTusle8s ol the charily you are responslble for th8 preparalion of Ihe accounts in accordance wlh the equiremenls of the Charities Act 2011 I'lhe 2011 Acl'l- I report in respect of my examlnallon of tho charltrfs accounts carried out under seclion 145 of the 2011 Acl and in carryfjng out my examinalion I have followed the appllcable Dlredions given by the Charity Commisslon undèr secllon 14515)Ibl of the 2011 Act. Independent examlnerfs statement Your attenlion is drawn to the fact Ihat the charlty has prepared the accounts in accordance wlh Accounting and Reporting by Charilies.. Slalemenl of Recommended Praclice applicable lo Gharilies preparing their accounls in accordance with the Financial Reporting Standard applicable In the UK end Republic of Ireland IFRS 1021 In prèference lo the Accounllng and Reportin9 by Charities.. Slalemenl of Recommended Practic£ issued on I April 2005 which is r6ferred lo in th8 extant regulalions bul has been withdrawn. l understand Ihal this has been done In order for the accounts lo provlde a true and falr view in accordance wllh the Generally Accepted Accounting Practice effeclive for reporting peTiods beginning on or after 1 January 2015. I have complel8d my examination. I confirm that no mallers have come lo my allenlion in connection with Ihe ex8minalion glving me cause lo believe Ihal in any material respect.. accounllng records wer8 not k8pt in T8specl of th8 charity as raquired by section 130 of the 2011 Acl- or the accounts do nol accord wllh those records., or the accounts do nol comply with the applicable requirements concerning the form and conlenl of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any iequlrement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an independent examlnalion. I have no conrn9 ancl have come across no other mallers in Gonneclion with the examlnallon lo whlch 811enlion should bo drawn In Ih1s r8POrt In oréer lo en8ble 8 proper un(Jersl8ndlng of the accounls to be reached. DO¢uS*nby'. Slgn8d: Marc Levy FCA Dated.. 30-Jan-26 | 15..53 GMT 8FOE9D388F D9 Blick Rolhenberg Llmlled Chartered Accounts 16 Great Queen Street Covenl Garden London WC2B SAH Page 5
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcled Endowment funds fund& 2025 2025 Total funds 202S Total funds 2024 Note Income and endowments from: Donations and legacles Invè$lmenls 4,500 141,278 1,250,000 1,254,500 141,278 3,300 129,273 Total Income and endowments 145,778 1,250,000 1,395,778 132.573 Expèndllure on: Charitable activitles 82,805 82,805 31,303 Total expendlture 82.605 82,805 31,303 Net movement In funds 62,973 1,250,000 1.312.973 101,270 Reconciliation of fund$'. Total funds broughl foward Nel movetnenl in lunds 2,565.957 62.973 2.565,957 1,312,973 2.464,687 101,270 1,250,000 Total funds carrled forward 2.628,930 1,250,000 3,878,930 2,565,957 The Slalement of financial aGtivilies Includes all gains and losses recognised in the year. The notes on pag&s 8 to 12 form part ol these financial slalemenls. Page 6
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Currant 88sèts Debtors Cash al bank and In hand 252,337 3,631,318 3,825 2,566,632 3,883,655 2,570,457 Current Ilabllltle8 Creditors.. amounts falling due wlhln one year 10 (4,725} (4,500) Net current assets 3,878,930 2.565,957 Total net assets 3,878,930 2,565,957 Charlty funds Endowment funds Unreslricled funds 1,250,000 2,628,930 2,565,957 Total funds 3,878,930 2,565,957 The financlal statements were approved and aulhorSsed for issue by the Trustees and Signed on Ihelr behalf by. R J Llvlngsto Dale: The noles on pages 810 12 form part of these financlal slalemenls. Page 7
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gèneral Informallon Rich8rd J Livingslone Charitable Trusl is an unincorporaled charity and is registered wilh the Charities Commission in England and Wales. Ils regislered office and prlncipal place of buslness Is 18 Gre21 Queen Street, Covenl Garden, LorKlon, WC28 5AH. The financfjal slalemenls are pres8nt8d in Sl8rling {£), whkh Is the funcilonal currency of thè charlty. Monetary amounts In Ihese financlal slatem8nls are rounded lo Ihe nearest £. Accountlng pollcles 2.1 Bosls of prgparatlon of flnanclal statements The financial 8lal8m8nls have been pr8pared in accordance with lh8 Chaiilies SORP (FRS 1021 Accounling and Reporting by Charilies= Slalemenl of Recommended Practice applicable lo charities preparing their accounts In accordance with Ihe Financial Repoming Slandard applicable in Ihe UK and Republic of Ireland IFRS 102) leffecllve 1 January 20191, the Fln8nci81 Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102) and Ihe Charities Acl 2011. The fin8ncial slalemenls have been prepared lo give a 'lwe ar f81i' view have dopatled from the Charities {Accounis and Reports} R8gulalions 2a08 only lo the extent required lo provide a 'lrue and laiv view. This deparlure has Involved following Ihe Charilies SORP (FRS 1021 published in October 2019 rather than the Accounting and Reporting by Charilies.. Slalem8nl ol Recommended Practice eff8clive from 1 April 2005 which has sSnca be8n thdraWn. Rlchard J Llvlngslone Charitable Trusl meets the definllion of 8 public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction valve unless OtheIs staled in the Televanl accounting pollcy. 2.2 Golng concern After m8king approplale enqJJlrie$, Ihe Iruslees have a reasonable expecl8lion Ihal th? charity has adequate rosources lo continue irb operalional existence for IhB fores&eahlè fulura. For thi8 re880n, they continue lo adopt the going concern L)asis in preparlng thè financial slalemenls. Furlher details regardlng the adopllon of the golng concern basis can be found in the accounting policies. 2.3 Incom8 All Income recognised once the charity has entitlement lo the incomg, il Is probable that the income will be received and the amount ol inco¥ng receivable can be Ineasured reliably. 2.4 Expendlture Expenditure is recognised once there Is a legal or conslruclSve obligation lo transfer economic benèfit lo a third party, il 18 probable Ihal a transfer of economic benefits wll be required in selllemenl and the amovnl of the obligalion can be measurèd reliably. Exp8ndilur8 is classified by aclivity. The costs of each activity aro made up of Ihe total ol dlrecl costs and shared costs, Including support costs involvèd in undertaking each aclivily. DITecl costs attribulable lo a single a¢llvlty are allocated dlreclly lo that aclivily. Shared costs whlch conlrtbule to mor6 Ihan one 8Ctivily and support costs whlch are not allribulable lo a single activity are apportlonad between those activities on a basis consislenl with tho uso of resources. Central staff costs are allocated on the basis ol lime spent, and depreciation chaiges allocated on Ihe portion ol the asset's use. Expenditure on charitable aclivilies is incurred on directly undertaking the aclivilie8 which furlher the charills objectives, as well as any associated support costs. Page 8
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnu&dl 2.4 Expenditure Icontlnued) Grants payabl8 8r8 charged thè ar when Ihe offer is made except In th058 cases where tha offer is condillonal, such grants belng reeognlsed as expenditure when the condlllons 8lt8chlng aro uifilled. Grants off8Ted subject lo eondilions whlch have not been mel al Ihe year end are noted as a commllm6nl, bul not accrued as expenditure. All expendilure is inclusive of irr8COV8rab18 VAT. 2.5 Intèrest recelvable Interest on funds held on deposit is included wher> receivable and the amounl can be measured reliably by the charity- Ihis Is normally upon nolificalion of the interest paid or payable by Ihe inslilulion wlh whom the funds are deposiled. 2.8 Cash at bank and In hand Cash al bank and in hand includes cash wlh a short malurlty of three monlhs or less from the dale of acquisltlon or opening of th6 daposll or similar accounl. 2.7 Llabllllles and provislons Llabllilles are recognlsed when there is an obligation al Ihe Balance sh8el date as a result of a pasl avanl, il is probable Ihat a Ir2nsfer of economic benefit will be required in selll?ment, and the amount ol Ihe selllemenl can be eslimaled reliably. Liabilili8s are recognised at the amount that thè charily anlicipales il will pay lo sellle Ihe debt or the amount il has ieceived as advanced payments for the goods or seNice811 musl provldo. 2.8 Fund oc¢ountlng General funds are tjnreslricled lunds which are available for use al the discrelion of the Trusle8s In luriherance ol Ihe g8neral objecllves ol lh8 charity and which have not been designated for other purposes. Expendible endowmenl funds represent those assets which are held by th& charity as capital funds, bul which may be freely converted Into income funds 81 the dis¢r8litsn of the trustees. Income from donatlons and legacles Unreslrlcled Endowment funds funds 2025 2025 Total funds 2025 Tolal funds 2024 Donalions 4,500 1,250,000 1.254,500 3.300 Page 9
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Inve8lment Incomo Unrestricted funds 2025 Total funds 2025 Total tlinds 2024 Interest recelvable 141,278 141,278 129.273 Analysls of éxpendllurè on charltable actlvltles Summary by fund type Unrestricted funds 2025 Total 2025 Total 2024 Grants payable lo Inslitulions Bank chargBs Independent examiners fees 78,000 80 4.725 78,000 8LI 26,730 73 4,725 82.805 82,805 31,303 During the year, the charity mad8 gran18 of £10,000 lo the United Synagogue, £60,000 lo Jewish Care, £4,000 lo Th8 Chicken Soup Shelter Charity and £4,000 io Maccabi London Brady Recreational Charlty. During the previous year, Ihe charity m8de grants of £12,230 to the Uniled Synagogu8. £10,OOD lo UK Toremel Limited and £4,OOD to Bri118h Friends ol Halzalah Israel. Analysls of oxpondllure by acllvltle6 Grant fundlng of actlvltles 2025 Support C05tS 2025 Total funds 2025 Total funds 2024 Grants payable lo inslilulions Bank tharges Independent examiners feos 78.000 78.000 80 26,730 73 4.500 80 4,725 4,725 78,000 4,805 82,805 31,303 Total 2024 26,730 4,573 31,303 P8g8 10
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARO J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent oxamlner'8 remuneration 2025 2024 Fees payable to the charills independ8nl ex8miner for the independenl examination ol the chaTIII8 annual accounts 4,725 4.500 Trustees. remuneration and expenses During the year, nts Trustees received any remuneration or other b8nefits12024 - £NIL). Durlng the year ended 31 March 2025, no TTuslee expenses have been incurred {2024- £NILI. DebtOTS 2025 2024 Du8 WithTn on8 yèar Prepayments and accrued income 252,337 3,825 252,337 3.825 10. Credltors: Amounts falllng due wlthln on8 yBar 2025 2024 Accnjals 4,725 4,500 Summaryoffunds Summary of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expendlture General funds Endowment funds 2,565,957 145,778 1,250.000 (82.8051 2.628.930 1,250,000 2,565,957 1,395,778 {82.8051 3,878.930 Page11
Docusign EnvelopÈ ID." 1D060E8(k5A4442F5-AEOE-85D289868B9F RICHARD J LIVINGSTONE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Summary of funds Icontlnu8dl Summary of funds . prlor year Balance al 31 March 2024 Balance 81 1 Aprll 2023 Income Expenditure General fund3 2,464,687 132,573 (31,3031 2,565,957 12. Analysls of nat ass8ts betw8en funds Ahalysls of nel asset$ botwo&n funds . CLrrrent year UnrÈslrlct&d Endowm8nt funds funds 2025 2025 Total funds 2025 Cijrrenl assets Credilots due wilhln one year 2,633,655 (4.7251 1,250,000 3,883,655 (4,725) Total 2,628,930 1.250,000 3.878.930 Analysls of nat assets b8tw8en funds - prlor yèar Unreslricled funds 2024 Total funds 2024 Current assets 2,570,457 14,5001 2,570,457 {4,5001 Creditors dJJe wilhin one year Total 2,565,957 2,565,957 13. Related party transactlons Donallons of £1,254,50012024'. £3,300) were recelved from the Iruslees or entities under their control. Page 12