19. Stock and investments awaiting sale
Group Group Charity Charity
2023 2022 2023 2022
£'000 £'000 £'000 £'000
Goods for resale 251 327 - Gifted
investments awaiting sale 42 - 42 293
327 42 20.
Debtors
Group Group Charity Charity
2023 2022 2023 2022
£'000 £'000 £'000 £'000
Trade debtors 946 617 - Amount
owed by group undertakings - - 2,365 4,551
Accrued legacy income 83,997 75,861 83,997 75,861
Gift Aid recoverable 150 37 150 37
Other debtors 5,716 3,860 5,716 3,860
Prepayments and other accrued income 7,656 6,989 7,471 6,797
98,465 87,364 99,699 91,106
It is estimated that £63,000,000 (2022: £58,000,000) of the accrued legacy income shown above will be received within one year.
In addition to the accrued legacy income above, the Charity has been notified of legacies for which no income has been recognised at 31 December
2023 because the income recognition criteria has not been met. The actual timing and amounts to be received are unknown. Based on the average
value of legacies received, the value of these is estimated to be in the region of £38,000,000 (2022: £36,000,000).
Included within the amount owed by subsidiary undertakings is a loan of £370,000 (2022: £370,000) to Macmillan Cancer Support Trading Limited.
Interest is payable on the loan and is calculated at base rate plus 2%. The loan is repayable by 31 December 2025, and is secured by a first-ranking
debenture dated 28 July 1999 containing fixed and floating charges over all the assets of the subsidiary company. The remaining £1,995,000 (2022:
£4,209,000) owed by subsidiary undertakings is interest free and repayable on demand.
111
Environmental, social
and governance review
Financial review
Strategic report
Overview
Financial statements
Thank you