Charlty 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 Independent Examlnerfs Report Receipts and Payments Account Statement of Assets and Liabilities 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 Testlef Charitable Foundation Registered Charity Number: Charity Principal Address- 64 Highgate High Street London N6 5HX Trustees.. Michael Testler Ruth Tester Stephen Ufland IAppointed l August 20231 Independent Examiners.. pri￿ Bailey LLP 3rd Floor 24 Old Bond Street London Wis 4AP Bankers: Coutt5 & Co 440 Strand London WC2R IKIS 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 ¢harities and for such diaritable purposes as they shall In their absolute discretion, think rrt. Structurei governan¢e and management The Michael Testler Charitable Foundation is constitlrted under a Trust Deed dated 11 December 2000. It is a registered charity Icharity number 10848401. The Trustees who have served during the year and since the year end are set out on page l. Where there is a recruitment for the new Trustee5, 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 tharity faces and confirm that systems have been èstablished 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 liabilitie5 as they are due. All of the charity's cash funds as at 31 March 2022 of £21X).413 12021 E151,2941 are general unrestricted funds which are expen(iable at the discretion of the Trustee5 in furtherance of the objects of the charity. Reserves are held whilst research is performed to identify suitable recipients. ReseNe5 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 Beneltt The Trustees confirm that the activities of the charity are ¢arrted out in line with its charitable objerts, for the benefit of the public. The Trustees have tontillued to 5UPPOrt 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. THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR TO 31 MARCH 2022 Summaryof main artivities undertaken The tnjstees have donated monies to charities in accord3n¢e with its governing document and can duly make the statutory declaration with regards to the guidance issued by the charity commission on public benefit. Achlevements and performance The charity has a strong finarbcial position to make substantial donations in the future. The Michael Te5tler Charitable Foundation was able to raise £55.000 (2021.. £46,(KK)I during the year to be used for its charitable objectives. Related parties During the period, donations of £55,LW12021- £46,OLK)I 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.. 21 Ortober 2024 THE MICHAEL TESTLER CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MICHAEL TESTLER CHARITABLE FOUNDATION Independent ExamlneT'S Report to the Trustees of The Michael Testler Charitsble Foundation I report to the charity Trustees on my examination ofthe accounts of the charity forthe year ended 31 March 2022 which are set out on pages 5 to 6. ResponsSbllltles and basls of report As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirèments of the Charities Act 20111'the Act'l. I report in respèct of my examination of the charl￿5 accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the appli￿ble Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner'5 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 respert.. accountinE records were not kept in respect of the charity as required by section 130 of the Art- or the accounts do not accord with those records I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this rep)rt in order to enable 3 proper understanding of the accounts to he reached. Michael Cooper-Davis, FCCA ACA For and on behalf of- Price Bailey LLP Chartered Accountants 3, Floor 24 Old Bond Street London WIS 4AP Date= 4 November 2024 CHARITY COMMISSION FOR ENGLAND ANO WALES Receipts and payments accounts CC16a For the perlod from Section A Receipts and payments Unrestiicted funds Re51ricted funds Endowmei)t funds Total funds Last year toth8 ￿￿Test É tothe neares1£ tothÈ nèar*gt£ tothe neJrest£ tothe nearest£ A1 Recel t$ DoTralions re￿Ne￿ Income Irom inveslmetrts 55,000 2,363 46,000 2,674 Sub total(Gross income forARJ 57.J63 57.363 8.6Y4 A2 Asset and investment sales, Isee table). Investment dis osal rocaeds 5B.323 64.335 Sub total 58.323 5&,323 64,33S 115.686 115.686 113.009 A3Pa ments lnvesiments fees Donati￿$ AcLounL4ncy 3,043 18,060 2,fj98 2S,650 1,QOO 18,050 Sub total 21,093 21.093 31,148 A4 Asset and Investment purchases, IsÈe table) Investrnent purehases 45A74 45,474 67.212 Sub lotal 45.474 45,474 67,212 66.568 GG,668 98,360 Net of receIpts/{payn￿ntsj A6 Transfers between funds A6 Cash funds last year end Cash funds this year end 49,119 49.119 14,650 151,294 200.413 151.294 200.413 136,844 151,294 Section B Statement of assets and liabilities at the end of the period Unrestrlcted funds to nearest£ Restricted funds to nearest£ Endowtnent funds to nearestE Categories DÈtail$ B1 Cash funds 2W41) Total cash funds 200A13 Unrestricted funds tonearesl£ Restrlcted funds to nearesi £ Endowment funds to nearest£ Details B2 Other monetary assets FLmdto¥Jhlch a5setbel c￿r￿n1V81￿4 Details Costlwonall B3 Investment assets 356.8e2 Fund to whl assèt bq Current value Detaifs ¢0st ((yAlL￿all B4 Assets retained for the charlty's own use Fundtowhlch r￿ateS Ur￿eSt￿ded Arnouni duè ional 1,980 When du• Detalls B5 Liabilities 4.830 Signed by one ortwo Iruslees on behalf of all the Iruslees SwJnatute PrFTrt Name Dale of approval 21.10.2024 Rulh TesllEr