Charity no: 1084840
**THE MICHAEL TESTLER CHARITABLE FOUNDATION**
**TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
**THE MICHAEL TESTLER CHARITABLE FOUNDATION**
## **CONTENTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
||Page|
|---|---|
|Trustees’ Report|2|
|Independent Examiner’s Report|4|
|Receipts and Payments Account|5|
|Statement of Assets and Liabilities|6|
**THE MICHAEL TESTLER CHARITABLE FOUNDATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
|Charity Name:|The Michael Testler Charitable Foundation|
|---|---|
|Registered Charity Number:|1084840|
|Charity Principal Address:|64 Highgate High Street|
||London|
||N6 5HX|
|Trustees:|Michael Testler|
||Ruth Tester|
||Stephen Ufland (Appointed 1 August 2023)|
|Independent Examiners:|Price Bailey LLP|
||3rd Floor|
||24 Old Bond Street|
||London|
||W1S 4AP|
|Bankers:|Coutts & Co|
||440 Strand|
||London|
||WC2R 0QS|
**1**
**THE MICHAEL TESTLER CHARITABLE FOUNDATION**
## **TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2022**
## **Objectives**
The Trustees shall apply the trust’s income to such charities and for such charitable purposes as they shall in their absolute discretion, think fit.
## **Structure, governance and management**
The Michael Testler Charitable Foundation is constituted under a Trust Deed dated 11 December 2000. It is a registered charity (charity number 1084840). The Trustees who have served during the year and since the year end are set out on page 1. Where there is a recruitment for the new Trustees, they would be identified and appointed by the remaining Trustees.
The charity is organised so that the Trustees meet regularly to manage its affairs. It does not employ any full or part time staff but its administration is managed under the direction of the trustees by consultants.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced, so that such risks are continuously monitored and appropriate steps can be taken to lessen these risks.
## **Reserves policy**
The Trustees ensure there are adequate reserves to meet liabilities as they are due. All of the charity’s cash funds as at 31 March 2022 of £200,413 (2021 - £151,294) are general unrestricted funds which are expendable at the discretion of the Trustees in furtherance of the objects of the charity.
Reserves are held whilst research is performed to identify suitable recipients. Reserves balances are monitored on a regular basis by the Trustees, who review the level of reserves in the light of future funding requirements.
## **Grant making policy**
Grants are awarded to beneficiaries at the discretion of the Trustees; ensuring grants awarded are in furtherance of the objects of the charity.
## **Public Benefit**
The Trustees confirm that the activities of the charity are carried out in line with its charitable objects, for the benefit of the public.
The Trustees have continued to support charities in accordance with the trust objects. The Trustees hope and believe that donations made to charities they support have benefited the recipient organisations and individuals.
The Trustees therefore confirm that they have due regard for the Charity’s Commission’s general guidance on public benefit when setting the objects, and planning the activities, of the charity.
**2**
**THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2022**
## **Summary of main activities undertaken**
The trustees have donated monies to charities in accordance with its governing document and can duly make the statutory declaration with regards to the guidance issued by the charity commission on public benefit.
## **Achievements and performance**
The charity has a strong financial position to make substantial donations in the future.
The Michael Testler Charitable Foundation was able to raise £55,000 (2021: £46,000) during the year to be used for its charitable objectives.
## **Related parties**
During the period, donations of £55,000 (2021 - £46,000) were received from Companies in which R Testler is a director.
The Trustees report was approved and signed on behalf of all the Trustees by
Ruth Testler
Date:
**3**
## **THE MICHAEL TESTLER CHARITABLE FOUNDATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE MICHAEL TESTLER CHARITABLE FOUNDATION**
## **Independent Examiner's Report to the Trustees of The Michael Testler Charitable Foundation**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 5 to 6.
## **Responsibilities and basis of report**
As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination and confirm that no material 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 Act; or
2. the accounts do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Cooper-Davis, FCCA ACA For and on behalf of:
**Price Bailey LLP** Chartered Accountants 3[rd] Floor 24 Old Bond Street London W1S 4AP
Date:
**4**
**The Michael Testler Charitable Foundation 1084840**
## **Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts**
**Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period** 01/04/2021 31/03/2022 **To from**
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**55,000**
**2,363**
**-**
**-**
**-**
**-**
**-**
**57,363**
**58,323**
**-**
**58,323**
**115,686**
**3,043**
**18,050**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**21,093**
**45,474**
**-**
**45,474**
**66,568**
**49,119**
**-**
**151,294**
**200,413**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**55,000**
**2,363**
**-**
**-**
**-**
**-**
**-**
**-**
**57,363**
**58,323**
**-**
**58,323**
**115,686**
**3,043**
**18,050**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**21,093**
**45,474**
**-**
**45,474**
**66,568**
**49,119**|**Total funds**
**to the nearest £**
**55,000**
**2,363**
**-**
**-**
**-**
**-**
**-**
**-**
**57,363**
**58,323**
**-**
**58,323**
**115,686**
**3,043**
**18,050**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**21,093**
**45,474**
**-**
**45,474**
**66,568**
**49,119**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Donations received|**55,000**|||||**46,000**|
|Income from investments|**2,363**|||||**2,674**|
|||||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for AR)_|**57,363**|||||**48,674**|
||||||||
|**A2 Asset and investment sales, (see**
**table).**|||||||
|Investment disposalproceeds|**58,323**|||||**64,335**|
||**-**|||||**-**|
|**_Sub total_**|**58,323**|||||**64,335**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**113,009**|
||||||||
|Investments management fees|**3,043**|||||**2,698**|
|Donations|**18,050**|||||**26,650**|
|Accountancy|**-**|||||**1,800**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**21,093**|||||**31,148**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
|Investmentpurchases|**45,474**|||||**67,212**|
||**-**||||||
|**_Sub total_ **|**45,474**|||||**67,212**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**98,360**|
||||||||
||**49,119**|**-**|**-**|**49,119**||**14,650**|
||**-**|**-**|**-**|**-**||**-**|
||**151,294**|**-**|**-**|**151,294**||**136,644**|
||**200,413**|**-**|**-**|**200,413**||**151,294**|
**5**
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on behalf
of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investment assets
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Amounts due to related company
Accruals
Cash at bank
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**200,413**
**-**
**-**
**-**
**-**
**-**
**200,413**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Unrestricted
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Unrestricted
**1,980**
Unrestricted
**4,830**
**-**
**-**
**-**
Print Name
Ruth Testler|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**356,862**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Ruth Testler||
|||||
**6**