REPORT AND UNAUDITED FINANCIAL

Charity Registration No. 1178834

THE IAN AND CLARE MATTIOLI CHARITABLE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2020


LEGAL AND ADMINISTRATIVE INFORMATION

Trustees I T Mattioli

C Mattioli

L J Mattioli

A Dariani

Charity number

Principal address

1178834

106 Brand Hill

Woodhouse EavesLoughboroughLE12 8SS

Independent examiner P J Lawson FCA36 Tyndall Court

Commerce RoadLynchwood

PeterboroughPE2 6LR

Bankers Lloyds Bank pic21 - 23 Hill StreetLondonW1J 5JW


CONTENTS

Page

Trustees' report 1-2

Independent examiner's report

Statement of financial activities

Balance sheet

Notes to the financial statements 6-11


TRUSTEES' REPORT


The trustees present their report and financial statements for the year ended 5 April 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 tothe financial statements and comply with the charity's governing document, the Charities Act 2011 and"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the UK andRepublic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activitiesThe charity's objects are:

1. To advance in life and help young people through:

a)

b)

the provision of recreational and leisure time activities provided in the interest of social welfare,designed to improve their conditions of life;

providing support and activities which develop their skills, capacities and capabilities to enablethem to participate in society as mature and responsible individuals.

To act as a resource for young people by providing advice and assistance and organisingprogrammes of physical, educational and other activities as a means of:

a)

b)c)d)

advancing in life and helping young people by developing their skills, capacities andcapabilities to enable them to participate in society as independent, mature and responsibleindividuals;advancing education;relieving unemployment;providing recreational and leisure time activity in the interests of social welfare for people living

in the area of benefit who have need by reason of their youth, age, infirmity or disability, povertyor social and economic circumstances with a view to improving the conditions of life of suchpersons.

Such charitable purposes for the public benefit as are exclusively charitable according to thelaws of England and Wales as the trustees may from time to time determine.

The charitable objectives are met by operating in the following areas;~ General charitable purposes~ Education / training~ The advancement of health or saving of lives~ The prevention or relief of poverty~ Amateur sport~ Environment / conservation / heritage~ Economic / community development / employment~ Recreation

The charity aims to help:~ Children / young people~ Elderly / old people~ People with disabilities~ Other charities or voluntary bodies~ The general public / mankind

The charity meets it's objectives by:~ Making grants to individuals~ Making grants to organisations~ Providing other finance~ Sponsoring or undertaking research

TRUSTEES' REPORT jCONT@UEO)

FOR THE 'YEAR EI!IOEO 5 APR(t ÃA

Subtile ~fit statementTiie trustees have paid due raga."t- guidance issued by the -'"hardy Gontinnsion in deMing vrhat acgvttiesthe c!ra:ity should inider' "ice

Achtstrertntnts snd pc!for!nanceDunng gia yea" die ch"rtty recervc&,' transfers Jf. &$56 s vdlh ap aggregate vliSJe of 5172,625 Bnd cashdonnhoms of f2,g25 These mriahons ', cgother vain inv~inent income once-;a!rid ol g35,ggg resuthnt in total

oth'ng r sources of 52 ',5sg

Diiring the year ihe chancy incurred charitable espendirirre of 547.29g lrl oÃordeoce itrhh the purposesoutlined above

Ptnanoiat revlevv

The charity sp! ts its ieSenres oettveen cash eiid srhs as pershing Becurioes Ltd MS as ousted;an cf I":srnveshnenht.

The genera! furid ts unrestricted ano 'eoresonts tne 'o!-i resemes of the chu@y: ns tevat of this fund ivavary depend', ng Gnuunn!iofia r" eiveo atlC!ha tave! of exp -r Caure

The charity does no! carry oui any tuonigca ra sandra le nv2 5 ctivitjss.

The nurse has assessed tne niafor dnks:o sty!eh ti;e charity is exposed, and are ssbsaed!hat systetns araIn place to nut!gate e3$4lsuln to tnn pie!or Asks.

Puture plansDuring tne corning rear tha Chadty p ans to cori!inde ru mee' lt's chariteole obieclives by advancing tn life and

tpv'g young pea~we anc by acting as a resoti( 8!or yo' ng unopi~

Stvttcture. governance and fnanaglMnentThe chanry eras found& oy ian arid Dlai@ 'vtattrtiu io 2016 arid lis QC'vent!cg doculTlerrt is a Trurs DelVJ Oatao3f August 2''t0 end updated Ori %a:.'n e 2Q't 5 Tha liest Qfaned Ch6i'ltebte St!due Ofi f5 June 201d

The trustees who sewed dudrig tiie ym! and up ic. trte ilare of simatuie of the fvianciat 5!a'smarts vversi T Mat!ion

0 htettioli

L J Lfathaii

A Dedani

Navr trustees are appo o!ed as iequved and recerve a c inprehensi;e inducer&~ on the 'chvhias of the chanry.

As a sniz!t grant-g"ving o gantsanu x dia!Susiees ~manage the chanh- .thentseives v:.'tt:. part t!rrre a 'winistrasveand finenml s peen. Th trustees nte -'. 'oce or t;5"e e yacc but cay ia de' detdsior s are rnaoe un the bas.'sCd nines exotiangee and re!SPhOna CunVersaricns. Onue the ei.nuai hedge! l es been agreed.

Thit trustees roped was apaiovco bv ilia card of Trustees

l T NatttotrTrusteeDated, t4 Gr

THE IAN AIIID CLARE NIIATTIOLI CHARITABLE TRUST

INDEPENDENT EXAIIIIINER'S REPORT

TO THE TRUSTEES OF THE IAN AND CLARE iMATTIOLI CHARITABLE TRUST

I report to the trustees on my examination of the financial statements of The lan and Clare Mattioli

Charitable Trust (the charity) for the year ended 5 Apii! 2020.

Responsibilities and basis of reportAs the trustees of the charity you are responsible for the preparation of the financial statements in

accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity's financial statements cerned out under section 1W ofthe 2011 Act In carrying out my examination I have followed sll the applicable Directions given by the

Charity Commission under section 145(5)(b) of the 2011 Act

Independent exsmineW statementYour attention is drawn to the fact that the charity has prepared finanaal statemsrns m accmdance with

Accounting and Reporting by Charities preparing their accounts in accords' with the Financial Reporting

Standard applicable in ths UK and Republic of ireland (FRS 102) in preference to the Accounting and

Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in

the extant regulations but hss now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in

accordance with Generally Accepted Accounting Practice elfsctive for reporfing periods beginning on or

after 1 January 2015.

I have completed my examination. I continn that no matters have come to my attention in connection with

the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act;

or2 the financial statements do not accord with those records; or

3 the finandal statements do not comply with the applicable requirements concerning the form and

content of accounts set out in the Charities (Accounts and Reports) Regulsfions 2008 other than any

requirement that the accounts 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 examinafion to which

attention should be drawn in this report in order to enable a proper understanding of the iinsncial statements

to be reached.

P J Lawson FCA

36 Tyndall CourtCommerce RoadLynchwood

PeterboroughPE2 6LR


STATEMENT OF FINANCIAL ACTIVITIES


Income from:Donations and legaciesInvestments

Notes

Unrestrictedfunds

20206

176,25035,996

Total

20196

1,251,60210,015

Total income 212,246 1,261,617

~E* Cht

Raising funds 2,666 603

Charitable activities

Total resources expended

48,739 10,380

51,405 10,983

Net gains/(losses) on investments 10 (234,589) 107,318

Net movement in funds

Fund balances at 6 April 2019

Fund balances at 5 April 2020

(73,748) 1,357,952

1,479,312 121,360

1,405,564 1,479,312

The statement of financial activities includes all gains and losses recognised in the year.

A0 income and expenditure derive from continuing activities.

Fixrttt ~tr,vestrrre rats

Ctrrtertt ~DehlersCess st bel& 8A6 ie heAd

1,925.29 1

MgGtb

CAKtltors: errrQQrtts frttikrrQ dM@ wllltrlrr

orre trertf

Ks! cu re& assets

Total e~ tees cMreerrt ttrrtriltttes

38* GN

l «.200)

3".,075

1,479,3"2

1 4C~r 564

1 405,584

1.413,'.r12

1,479,312

The trrsnetrr! strtterrrerrts were approved by trrrr Trestees en. ™ &~~


NOTES TO THE FINANCIAL STATEMENTS


Accounting policies

Charity informationThe lan and Clare Mattioli Charitable Trust is a charity constituted by a trust deed dated 31 August 2018and updated 14 June 2018.

Accounting conventionThe financial statements have been prepared in accordance with the charity's governing document, theCharities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practiceapplicable to charities preparing their accounts in accordance with the Financial Reporting Standardapplicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".The charity is a PublicBenefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 onlyto the extent required to provide a true and fair view. This departure has involved following the Statement ofRecommended Practice for charities applying FRS 102 rather than the version of the Statement ofRecommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetaryamounts in these financial statements are rounded to the nearest 8.

The gnancial statements have been prepared under the historical cost convention. The principalaccounting policies adopted are set out below.

1.2 Going concernAt the time of approving the financial statements, the trustees have a reasonable expectation that thecharity has adequate resources to continue in operational existence for the foreseeable future. Thus thetrustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable fundsUnrestricted funds are available for use at the discretion of the trustees in furtherance of their charitableobjectives.

Incoming resourcesIncome is recognised when the charity is legally entitled to it after any performance conditions have beenmet, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has beennotified of the donation, unless performance conditions require deferral of the amount. Income taxrecoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the timeof the donation. Donations of assets are recognised at fair value.

1.5 Resources expendedExpenditure is accounted for on an accruals basis.

1.6 Fixed asset investmentsFixed asset investments are initially measured at transaction price excluding transaction costs, and aresubsequently measured at fair value at each reporting date. Changes in fair value are recognised in netincome/(expenditure) for the year. Transaction costs are expensed as incurred.

Cash and cash equivalentsCash and cash equivalents include cash in hand and deposits held with banks.

THE IAN AND CLARE IIIIATTIOLI CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)


1 Accounting policies (Continued)

1.8 Financial instrumentsThe charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to thecontractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on anet basis or to realise the asset and settle the liability simultaneously.

Basic financial assets and liabilitiesDebtors and creditors with no stated interest rate and receivable or payable within one year are recorded attransaction price. Any losses arising from impairment are recognised in the statement of financial activities.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparentfrom other sources. The estimates and associated assumptions are based on historical experience andother factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountingestimates are recognised in the period in which the estimate is revised where the revision affects only thatperiod, or in the period of the revision and future periods where the revision affects both current and futureperiods.

3 Donations and legacies

Unrestricted Unrestricted

funds funds

2020F

2019f

Donations and gifts 176,250 1,251,602




4 Investments

Unrestricted Unrestricted

funds funds

2020 2019

Income from listed investmentsInterest receivable

35,98610

10,00213

35,996 10,015

5 Raising funds

Unrestrictedfunds

Total

20208

20196

Investment management 2,666 603

2,666 603

6 Charitable activities

Charitable Charitablecauses causes

2020 20198 f

SchoolingCharitable donations

27,09920,200

8,580

47,299 8,580

Share of governance costs (see note 7) 1,440 1,800

48,739 10,380




7 Support costsGovernance

costsE

2020 2019

Audit and accountancy fees 1,440 1,440 1,800

1,440 1,440 1,800

Analysed betweenCharitable activities 1,440 1,440 1,800

Governance costs includes payments to the auditors of Enil (2019-F1,800) for audit fees.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from thecharity during the year.

9 Employees

There were no employees during the year.

10 Net gains/(tosses) on investments

Unrestricted Unrestrictedfunds funds

2020 2019F F

Revaluation of investmentsGain/(loss) on sale of investments

(252,872) 107,31818,283

(234,589) 107,318




11 Fixed asset investments

Cost or valuationAt 6 April 2019Gifts to the charityValuation changesInvestment management feesDividends and interest receivedCash withdrawn

Listedinvestments

8

1,448,237172,625

(234,588)(2,666)35,986

(394,393)

At 5 April 2020 1,025,201

Carrying amountAt 05 April 2020 1,025,201

At 05 April 2019 1,448,237

Investments at fair value comprise:CashListed investments

2020f

13,0651,012,136

20198

11,6821,436,555

1,025,201 1,448,237

12 Debtors

Amounts falling due within one year.

Other debtors

20206

700

2019

13 Creditors: amounts falling due within one year2020 2019

fAccruals and defened income 1,200 1,800

-10-




14 Related party transactions

During the year the chadty received donations of investments at market value from the following trustees:I T Mattioli: 6nil (2019:61,050,777)C L Mattioli: f105,514 (2019:6100,491)L J Mattioli: 617,904 (2019:617,033)A K Dariani: 649,207 (2019:646,939)

Included within the donations of investments made by I T Mattioli were the following:Mattioli Woods pic: Fnil (2019:61,050,777)

The charity received investment income from Mattioli Woods pic of 630,155 (2019: 64,672) and fromCustodian REIT pic of 65,300 (2019:F5,220).

I T Mattioli, a trustee, is a director of Mattioli Woods pic and Custodian REIT pic.

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REPORT AND UNAUDITED FINANCIAL

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