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Charity no: 1084840
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THE MICHAEL TESTLER CHARITABLE FOUNDATION TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 **----- Start of picture text -----**
THE MICHAEL TESTLER CHARITABLE FOUNDATION
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Trustees’ Report 2
Independent Examiner’s Report 4
Receipts and Payments Account 5
Statement of Assets and Liabilities 6
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THE MICHAEL TESTLER CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Charity Name: The Michael Testler Charitable Foundation
Registered Charity Number: 1084840
Charity Principal Address: 64 Highgate High Street
London
N6 5HX
Trustees: Naomi Ziff
Ruth Testler
Stephen Ufland
Michael Testler (deceased 29 January 2025)
Independent Examiners: Price Bailey LLP
3rd Floor
24 Old Bond Street
London
W1S 4AP
Bankers: Coutts & Co
440 Strand
London
WC2R 0QS
1
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THE MICHAEL TESTLER CHARITABLE FOUNDATION
TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2025
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 need for recruitment of 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 2025 of £208,864 (2024 - £264,262) 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
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# 22 January 2026 26 January 2026 |The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation|The Michael Testler Charitable Foundation||||1084840|1084840||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Section A Receipts and payments
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds
to the nearest £
to the nearest £
to the nearest £
to the nearest £
A1 Receipts
Receipts and payments accounts
01/04/2024
31/03/2025
To
For the period
from
**e**e eee|||||||||||||||Last year
to the nearest £
CC16a||| |Donations received
55,000||-|-|-||-|-|-|-||55,000|55,000|||55,000|55,000|| |Income from investments
3,389||-|-|-||-|-|-|-||3,389|3,389|||5,694|5,694|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |Sub total(Gross income for AR)58,389||-|-|-||-|-|-|-||58,389|58,389|||60,694|60,694|| |A2 Asset and investment sales, (see
table).
Investments disposal proceeds
379,059
-
-
379,059
57,751
-
-
-
-
-
Sub total379,059
-
-
379,059
57,751
Total receipts
437,448
-
-
437,448
118,445
A3 Payments
————~~——~~|||||||||||||||||| |Investment management fees
1,086||-|-|-||-|-|-|-||1,086|1,086|||2,524|2,524|| |Donations
82,500||-|-|-||-|-|-|-||82,500|82,500|||10,000|10,000|| |Administration fees
4,828||-|-|-||-|-|-|-||4,828|4,828|||-|-|| |Accountancy fees
15,570||-|-|-||-|-|-|-||15,570|15,570|||-|-|| |Bank charges
40||-|-|-||-|-|-|-||40|40|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |-||-|-|-||-|-|-|-||-|-|||-|-|| |Sub total 104,024||-|-|-||-|-|-|-||104,024|104,024|||12,524|12,524|| |A4 Asset and investment purchases,
(see table)
Investment purchases
388,822
-
-
388,822
109,283
-
-
-
-
-
Sub total 388,822
-
-
388,822
109,283
Total payments
492,846
-
-
492,846
121,807
Net of receipts/(payments)
- 55,398
-
- - 55,398
- 3,362
A5 Transfers between funds
-
- -
-
-
A6 Cash funds last year end
264,262
- -
264,262
267,624
Cash funds this year end
208,864
-
- 208,864
264,262
—=——~~——~~
======>|||||||||||||||||- 3,362
-
267,624
264,262| CCXX R5 accounts (SS) 06/01/2026 5 **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Section B Statement of assets and liabilities at the end of the period| |Unrestricted|Restricted|Endowment| |Categories|Details|funds|funds|funds| |to nearest £|to nearest £|to nearest £| |B1 Cash funds|Cash at bank|208,864|-|-| |-|-|-| |-|-|-| |Total cash funds|208,864|-|-| |=| |(agree balances with receipts and payments| |account(s))|OK|OK|OK| |Unrestricted|Restricted|Endowment| |funds|funds|funds| |Details|to nearest £|to nearest £|to nearest £| |B2 Other monetary assets|-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |===>| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B3 Investment assets|Investment assets|Unrestricted|-|376,683| |-|-| |-|-| |-|-| |-|-| |===>| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B4 Assets retained for the charity’s|-|-| |own use|-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |===5=| |Fund to which|Amount due|When due| |Details|liability relates|(optional)|(optional)| |B5 Liabilities|Accruals|Unrestricted|5,190| |Trade creditors|Unrestricted|2,791| |-| |-| |-| |Signed by one or two trustees on behalf of all|Date of| |the trustees|Signature|Print Name|approval| |Ruth Testler|22/01/26| **----- End of picture text -----**
CCXX R6 accounts (SS) 06/01/2026 6