## **Trustees’ Annual Report for the period**
**From 6 April 2021 To 5 April 2022**
**Charity name: The Stanley Cohen Charitable Trust**
## **Charity registration number: 1065470**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The trustees have broad discretion to**
**apply the capital and income of the trust**
**for the general charitable purpose of**
**grant making**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Grants are made to various charities and**
**for various charitable purposes at the**
**discretion of the trustees**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**At all times the trustees ensure that any**
**grant complies with the guidance issued**
**by the Charity Commission on public**
**benefit**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
SORP reference **Donations of £95,000 were made to worthy causes during the year.** Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
## **Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
||||
|Achievements against
objectives set|Para 1.41||
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The charity showed a strong financial**
**position at the year end, with the majority**
**of its assets held within an investment**
**portfolio**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The funds invested generate regular**
**income with which the charity can**
**continue to support worthy causes**|
|Amount of reserves held|Para 1.22|**£1,010,833**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**None**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None**|
**Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
The charity’s principal
sources of funds (including Para 1.47
any fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the principal Para 1.46
risks facing the charity
Other
**----- End of picture text -----**
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust deed dated 12 March 1997**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Trust**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointed by existing trustees from the**
**descendants of Stanley Cohen**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
||||
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name Stanley Cohen Charitable Trust
Other name the charity uses
Registered charity number 1065470
Charity’s principal address Wood Hall Farm Office
Woodhall Lane
Shenley
Herts WD7 9AA
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Andrew Cohen
2 Susan Rubin
3 Daniel Rubin
4 Shelley Morris
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved
## **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**g**
**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|**y**|
|---|---|
|||
||Andrew Cohen
Susan Rubin|
||
Trustee
Trustee|
||
06 Mar 2023|
||
06 Mar 2023|
## **THE STANLEY COHEN CHARITABLE TRUST**
**TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022**
## **PAGE**
**1** Notes on the Trust Deed **2** Statement of Financial Activities **3** Balance Sheet **4** Notes to the accounts
## **THE STANLEY COHEN CHARITABLE TRUST NOTES ON THE TRUST DEED**
SETTLOR: Stanley Solomon Cohen DATE OF DEED: 12 March 1997 TRUSTEES: Mr Andrew Lynton Cohen Mrs Susan Lorraine Rubin Mr Daniel James Rubin Mrs Shelley Marie Morris CHARITY NUMBER: 1065470 **CURRENT TRUST PROVISIONS** OBJECTIVES: The trustees have broad discretion to apply the capital and income of the trust for the general charitable purpose of grant making. INVESTMENT POWERS: The investment powers are governed by Clause 10 of the constituting declaration of trust which gives a wider range of permitted investments.
Page 1
## **THE STANLEY COHEN CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2022**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Notes**
**Income Resources**
Gift Aid on Donations
Legacy received (S Cohen)
Donations Received
**Investments**
Income received
Broker Fees
Realised gains / (losses)
**Resources Expended**
Charitable Donations
Legal Fees
Bank Charges
Accountancy Fees
**Net Outgoing Resources**
**Net Movement in Funds**
Total Funds Brought Froward
**Total Funds Carried forward**|**£**
**£**
0
0
0
0
35,625
(9,238)
(18,634)
7,752
95,000
72
25
2,280
(97,377)
(89,625)
(89,625)
1,100,458
1,010,833
**2022**|**£**
**£**
0
0
0
0
46,863
(10,234)
(50,971)
(14,342)
94,000
0
0
1,080
(95,080)
(109,422)
(109,422)
1,209,881
1,100,458
**2021**|
|---|---|---|
All amounts derive from continuing activities and relate entirely to unrestricted funds.
All gains and losses recognised in the year are included above
Page 2
## **THE STANLEY COHEN CHARITABLE TRUST**
## **FOR THE YEAR ENDED 5 APRIL 2022**
**----- Start of picture text -----**
BALANCE SHEET
Notes 2022 2021
£ £ £ £
Current Assets
Investment Portfolio 2 672,301 982,850
Loan to Maccabi GB 250,000 0
Cash at Bank - Investment Portfolio 83,090 5,704
Cash at Bank - Barclays 10,929 115,549
1,016,319 1,104,103
Current Liabilities
Creditors and Accruals 3 (5,486) (3,645)
Net Current Assets 1,010,833 1,100,458
Net Assets 1,010,833 1,100,458
Represented By
Trust Fund 1,010,833 1,100,458
**----- End of picture text -----**
Approved on behalf of the trustees by:
…………………………………………………. …………………………………………………. **MR ANDREW COHEN MRS SUSAN RUBIN**
## 06 Mar 2023
Date: …………………………………….
Page 3
## **THE STANLEY COHEN CHARITABLE TRUST**
## **FOR THE YEAR ENDED 5 APRIL 2022**
## **NOTES TO THE ACCOUNTS**
## **1 ACCOUNTING POLICIES**
**INCOMING RESOURCES Recognition of incoming resources**
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Incoming resources with related expenditure**
**Grants and donations**
**Tax reclaims on donations and gifts**
**Contractual income and performance related grants Gifts in kind**
**Donated services and facilities Volunteer help Investment income**
**Investment gains and losses**
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations are only included in the SoFA when the charity has
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
This is only included in the SoFA once the related goods or services have been delivered.
Gifts in kind are accounted for at a reasonable estimate of their value to the Gifts in kind for sale or distribution are included in the accounts as gifts only Gifts in kind for use by the charity are included in the SoFA as incoming
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, The value of any voluntary help received is not included in the accounts but is This is included in the accounts when receivable.
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **EXPENDITURE AND LIABILITIES**
**Liability recognition Governance costs Grants with performance conditions Grants payable without performance conditions Support Costs**
Liabilities are recognised as soon as there is a legal or constructive obligation Include costs of the preparation and examination of statutory accounts, the Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the Support costs include central functions and have been allocated to activity cost
## **ASSETS**
**Tangible fixed assets for use by charity Investments Stocks and work in progress**
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. Investments quoted on a recognised stock exchange are valued at market These are valued at the lower of cost or market value.
Page 4
## **3 INVESTMENTS**
|Cost as at 6th April
Additions
Disposals
Recognised gains /(losses)
Cost as at 5th April
Market Value as at 5th April
**3**
**CREDITORS**
Accountancy charges
Broker Management Charges|**2022**
**£**
982,850
271,734
(563,649)
(18,634)
672,301
761,869
**2022**
**£**
2,160
-
2,160|**2021**
**£**
911,342
402,769
(280,290)
(50,971)
982,850
1,016,195
**2021**
**£**
1,080
2,564
3,644|
|---|---|---|
## **4 TRANSACTIONS WITH TRUSTEES**
The Trustees received no remuneration or reimbursement of expenses.
Accounting services were provided to the trust from Wood Hall Land LLP in which Andrew Cohen is a member. The transaction is authorised under the trust deed with fees being calculated on an arm lengths basis according to time spent. The amount charged for 2022 was £nil (2021: £1,080) which remains outstanding at the year end.
Page 4
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** The Stanley Cohen Charitable Trust **On accounts for the year** 5[th] April 2022 **Charity no** 1065470 **ended (if any) Set out on pages** 1 to 2 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **05 / 04 / 2022** .
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Signed: Date:** 08 Mar 2023 **Name:** ANGELA SLEAT FCA **Relevant professional** FELLOW OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN **qualification(s) or body** ENGLAND AND WALES **(if any): Address:** ASHCROFT PARTNERSHIP LLP, STONECROSS, TRUMPINGTON HIGH STREET, CAMBRIDGE CB2 9SU
1
**October 2018**
**IER**
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**October 2018**
**IER**
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