Lliiifily iio.. IIIX4RAO THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 THE MICHAEL TESTLER CHARITABLE FOUNDATION CONTENTS FOR THE YEAR ENDED 31 MARCH 2024 Pa8e Tfiisi¥ps' Report Indopoiideiil ExAinliit'l'5 Rrpoii Receipts lind Payiiii"nls hccounl THE MICHAEL TE5fLER CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE OETAILS OF THE CHARITY, IT5 TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Cliarily N,?ITIP' The Michael fr5Tler Lhhiildble Fo¢indalioii IIvHiSleivd Cl)iiiily Ni1Mb￿.. I084t140 Cliai Ily Prtnclpal Addi￿5. 64114IKhgiilc Hi8h Slipi'l Inndoii NO 5HX Miilidel Tp511ei Aiilli Tesler Stephpn LlllJnd (Appoinied l AuKU%I 20231 In¢lependpiil Fitlnllntir%', Price IltillLiV LLP 310 Fluoi 24 Old BoiFd sirr.rl Londoii WISAAP Uarikvrs: Coulls & Co 440 Strand Loii(Jon WC?H OQS THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR TO 31 MARCH 2024 Oblectlves Thc TriJsloe5 5holl apply IliL4 trust's Iiicowne Io sucl) charllie: 3iid lor sucli charital)lo piJrpu5e5 as Iliey shall In their 4b501uie di5LreliDTI, tliink lit S"tructurei sovernance and management Thp Mlchiiel fesller Charliable Founilatii)11 15 cor?SllltsteiJ iiii(IL¥f M Tru%1 l)eed date(J 11 Lleceinber 201X). 11 Is reglsiered charity Icliarity iiiimher l U84840). Ilie Tf u5tees wlio liave Served dLiring ilie yeai ai)d Siiice Ilip veaT enil rire 5LJt out oil page l. Wlierc there is d iocruitnienl loi ihe iiew Tf U51ee5, they woijld be ideniilied and ilPPOiI)led bv Iho remainin8 Trustees Tlie cliiiril y IG (iruaiil%ed SD I hai tliLI Trustees meet ie8ularly io niaiiage Ils iiffairs 11 does not einiiloy Jiiy lull oi ijnrl iiine slalf liii1115 Bdministratlon Is n)anil8ed uiidor the direilioii ol the IrutJieL151)y consiiliant5. Risk Managoment niv I'ruslees lihve exaniined I he maior straleEif. bu5ine$5 aiirj operatioiial T15ks wliich the Lliaiily fiices aiid confirni Ihhl 5y5tems have been e51abli51iert 10 14iiable re8ular reports to be pruduced. 50 Ilial siich risks dre cnnllniiou£ly nionltored èild dpproprlate Steps can be laken lo kbssen IliLJSE rlsks. Reserves pollcv rhp TriisleLIS eiisure theiE are adequale reseives to meel Ilabilllie5 as Ihey are due. All ol Ilie rhailiy's ca511 funds as al 31 MaTLh 2024 of £264,262 12023 E267.6241 ale geiieial ui)re5tricieLI lund5 wliich dfE• L'¥pendal)le al Ihe discietion of Ilie Trustees In ltsrtherance ol Ihe vbjects nl Ihe cliarltv Reservos are held wliilsl reaearrl) Is pprfornied lo idÈiilify stiital)le ieciplei)Is. Reserves baliini'e.% ale iiiuiiilore(I nil tl rpp,ulai bJ5i5 by I he TIuslL'es, who ieviow tl)e level ()f reseives In the lip.lil ijl fulure liiiiilirlg ielluirpnivnls. Grant makln8 poISry Grtini". are &llViirded iu beneliiiarles ai 11)e dlscriilloD of 11lLJ Truslves.. e115UTing 8fan15 aworded are in liirtlieraiice ol tlie objeclJ ol tlie c harily Publlc Benefit Tho Trii ,tLIL15 coI)firii) Illat Ihe ari Ivilie5 of ihe chaiily are cairied iiiil lil IIIIL. wilh Ifs Lliailiable ()bje(ls, loi Ilic ljviielil nf I lie public. Tlip TrLislee5 have conlinued Iu 511PPDn r.IiiirillEs in 47ccordaiire with Ilip. Iriill object5. TIILJ Ti u£lLL'5 Ilijii and beliLive Iliiil doi)aiioiis n13de to cliarilie5 tl)i'. y suppoil 17ave be(iefited Ilip ieciplenl orgaiiisiiliorTrs aild IiidividLials rile Ti USlee5 1 lierelorv rohliitn IIiAI I hey have due regèrd foi 11)0 Cliarliy'5 Lumiiii. 011 publlc ljeiiefii wlien settiiig Ilie objec15, and plaiiiiinE Ihp acilvllies, ol ihe chdril y. Ivii'5 general gul(Irinr.o THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR TO 31 MARCH 2024 Summary of maln actlvltle5 undertaken Tlie trustee< have doriaied tnoille. lo charifle5 ii) accDidaiice wilh lis 8overniiiE dncumeiit and cali duly iiiake Ilie 51atulary declaralioii wirh regards lo Ihe guidance Issued by the chil Ilty coinmis5ion oil ijiiblir benelit. Achlevemonts and performance The charliy has a .slfong Iiiiariclal posilioii lo makp subsianlial donallons in Ihe fiiluie. The. Mlckiapl Tesllt)I C.harllhl)le Foundallori wa5 able to raise É55,()00120Z3 - E55,ULKIl diirliiE I he year to be Sed 101 115 cliaritalile objecilves. Related partles Dijilng the. perlod. donalions nl E55.(KK)12013 - f 55,0(X)) were recpived from Cumpaiile511) wliich R Tesl ler is a dlreclor, The Tru5tee5 ropurl was apijroved aiid sigi)e(J un behalf of all ilie Trustees l)y Rill li Te511er Dalv... 10 THE MICHAEL TESTLER CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MICHAEL TESTLER CHARITABLE FOUNDATION Independent Examiner's Report io the TTUStees ol The Mlchael Te5tler Charltable Foundatlon I i L'POI I lo the ch3rlty Trustees on ffly cxaminalioi) ol Ilie accouiiis ol ihe charily for tlie VLxar ended 31 M¥7rcli 2024 which are sot otsl on pages 5 1116. Responslbllltles and basis ol report A:, the cliarity'5 Trustees yoii are responslblv fnf Ihe prepafillioii ol the accoui)ts In accoidaiice wlth Ilie reqijlrernenls ol ilie C.liarltie5 I1￿ 20111'ihe Acl.). I reporl Iii respect of my exarninalloi) ol ilio charSlY'S accounls CiirriL>d oul uiider sectlon 145 01 the Act aiid In car ryli)g out niy examillation I113ve followed all Ihe appllcal)le Dlrections 8iveii by tlie Chiirily Cnmmlssipfl uiider sectlijii 1451511bl Of ihe Acl. Independent examSner'5 Statement I Iiavv iompleied my exaiiiiiiation and (Diifirm ihal 110 maierial rnatter5 have coiiie lo rny 3iienilon In coiineclioii with the exanilnatlon giving me CdU5Q to belleve Ihat In any n)oteiial f especi, acLounting records were not kept in resppci ol ihe charlty a5 required by sectloii 13Q ol tlie Act,. or Il)e accoiiiit5 do not Bcrord wl Ill tliose reivTds I hilvp 110 coil( iirris aiid 1174 ve come iicf05S i)0 olhei Inaiters In CDnneciion ¥viili thp exdmlriatlon iu which aitenl l¢)n shoiilcl l)v drawi) iii this reporl Sn orrtÈr lo enol)IL¥ a proper undersiandin8 of ilie acc()LJn15 to bc4 ieaclied. MILhdel Coos)or Davls, rccA ACA Fui dricl (?11 behall ol- Price Bailey LLP Cliiiilpred Accouiil ants 3 Floi)r 24 Old Boiid Slreei L WAIE5 Recelpts and pa ments accounts For the porlod Irom CC16a To Sectlon A Recelpts and payments Unrèslrltlod lund8 Reatrlcled ¢undA Endowinonl fund• Total fuiid¥ iJ*l yenr 10 11• 118ar••t E Io I1￿ [ A1 Rer.ol IJ to th• iie•rD•t E lo Iho niAro•l 5.694 55. J,IoD Sub ¢ot8llGross inconle for All1 A2 A￿et an[1 Inv¢Jtmèni 84les. {*eè tablpl. Invofjlmeni dis ,0•4 58.f roce8ds 37.751 JT.761 lQJ.910 Svb lotol ST,7JI 17,701 lQJ,980 rolAI rec¢lpt5 116,445 lia443 182,088 A3Pa Inonts 7.524 10.0 2.543 7,? io.( Sub total 13.624 12,514 A4 Assffit and Inv6Jtm•nt piirchasets, Isèt) lablvl InvL•51rnenl p41rchoses 109IB) B&.6B8 Sub total 109.36J 121,llJ7 121.D07 110,477 Nee ol re¢eipts/(paymortts? A5 TrHn•ferB bolwoon lund A6 Ca¥h lunds IOBI ye&r end Casli fundj Ihls year •nd J,3a2 J,312 67.211 267.624 214.302 267,1124 200,413 207.OZ4 Section B Statement of assets and Ilabilities at the end of the perlod Unrpxlrlctcd lun¢5 JiJrlEE ReJlrt¢lod luiids Endowmenl lunda 81 Cash funds lo iipiipsl r 484.263 rotal cDsli liinds 284,262 Unre8lrt¢tod lunds Roslrl¢lod lund8 Endowmeiii DotAilb 82 Olhor monelary a68els ne19115 ruDd lo wliich Call loollonall UiIVlll tr4lut B3 Invejtrnonl 88J•ls 'Ès*menl Ilr,-65'1. J )57.8?Q Details Fiind io *hiili Coll IC*ptlonJll Cuwivni Yalu iional B4 As8et8 retalnod for tho ¢h41rlly'8 Own u80 &1Jll$ 85 Llahlllilw¥ loutloitsl 1.980 IlrpSL'.-14vl S,gntLI li? J**e u+ Iw¥i IIL51¥9 on b¥i%¥i4 Sjgiialvr Priiil 148me DAie o,,