Charity ND. 1117748 i5erWilhelm11 Fund.. 1117748-1 Petyle'5 Home.. 1117748-2 Charltles administered by the Kalser Wilhelm11 Fund Report and financial statements 5 April 2023 CHARITIES ADMINISTERED BY THE KAISER WILHELM11 FUND Reference and administrative details Chrrty number 1117748 Lln&ed Charl￿ Ka15er ￿lhelM 11 Fwd Old People's Home 1117748-1 1117748-2 Re81stered offl¢e•nd oper•tlon*l *ddr• Bl Rfvlngton sireet London ECZA 3AY man•61￿TrUs¢rtS Mr P S A mal11￿k￿0dI Mr M IAenzel Mrj H F khroder MS L KE Sthrode Ka15er Wllhelrn 11 Fund •nd People's Hc¥ne are governed b¥ ManaWn8 Trustee5 of the Charlfjes Administered by Kaiser Wllhelm11 Fund. The Trustee5 of Kalser Wllhelrn11 Fund Old People'$ Horne became Trwstees of Ch3rltle$ Adminlstered by the Kalser Wllhelm 11 Fund, when thea55etsof both charltle5weretr3nsferred tothe new orymls#bon on 2 February2￿7 Ithrou8h a unltln8dlrectlon made under secrlon 96161 of the Ch3ritie5kt 1993 on 18 October 2(*)61. B•rbk• Schroder & Co Ltd I LMdon W•ll Pl•¢e Lorthn EC2Y5AU In¥e5trnqnt M•n•yr z•nov¢C•plt•l l London Wall Place London EC2Y5AU 5olldtor5 Russel￿C￿)ke LLP 2 Putney Hlll LoTrJon sw￿ 6A Aydltor Saywvincent LLP In￿¢tr House 108-114 Golden La LoTrJon EciYofL CHARITIES ADMINISTERED BY THE KAISER WILHELM11 FUND Report of the Trustees for the year ended 5 April 2023 The Trustees present thelr report and accounts of the Charitlès Admintstered by the Kaiser Wilhelrn 11 Fund for the year ended 5 April 2023. The finantlal statÈments tompfy with thÈ tharlWs Trust Dee￿ thÈ Charibe5 Act 2011 Accountlng 3nd Reportln8 by Charitie5,' ststement of Recommended Prattite applicable to charitie5 preparin8 their accounts in accordance with the Financial Reporrlng stsndard In the UKand Republk of 1¢ela￿￿ IFRS 1021 (effec￿ i January20191 Icharities SORP IFRS 10211. RefererKe and admlnlstr*i¥e knfomm RÈference èntl adrnlnlstra￿ Informatlon setout on pa8e I ftym part offthis repo stru(tur& 6overMKe & m•rw8eme Ka15er Imlhelm 11 Fund the Old Peorws Home are separate linked charfl￿$ Tr￿th thelr own dSsfjnrt obletts. wlthln the Charltles Administered by Koiser Wilhelm 11 F￿rt. whlch wa5 formed under a unitin8 dlrecdon15ecrlon 96161 of the CharSties Act 19931 on 18 October 2￿6. Assets of boththarltles were transferred in¢oCharftlèsAdmini5teied by the Kai5erWll￿lrn 11 Fund on 2 February 2(W)7. Kalser Wllhelm 11 Fund ènd the Old Peopk'5 Hoff*. wder the unltlr4 dlrecikn. shall be treated Is • charfty for the purposes of part11 Ire8lStratlonl aTrJ part Vl laccouThtsn81 of the CharftlesAct. This d¢es not¢1)115t￿ute an #m•Wm•￿ofv•fth¢ ¢harfYe5.whkh remaln s¢par*e. Th?fund5foreachcharlty must condnueto be spent onty for the purposesof that chartty. K•lserWllhelm11 Fund The Kalser Wlhelrn 11 Fund In Grelter LMdon Is regulated ￿ a TnL4t Deed dated 4 July 1905 as varled by a scheme of the Charlty COMMIS￿onerS01 26 November 1975. TheTrusteesofthe¢h•th èpplied tothECharltyComm15sIow5 for 3 Scheme, whlchwas8ranted and sealed on 27 September 1996 las affected by a unltln8 dlrectlon made uthder se¢tion 96161 of the Chorlties Act 1993 on 18 October 2W61, to wlden the oblects of thecharlty aThJ amal8amate It with the Emity Pfeiffercharity and German Orph•￿￿Char1ty. Th¢ fftt ssets ofthe chailty formerty known as the HelenenheSm Orphana8e weretransferred to the lund on 3 May 1996. Old P•oW•'s H4)m• Old PeoFWs Home15 re8ulaied bya dpdaraibThof trust dated 12 Marth 1928 asvarled byleed ot 10 N4>vember 19661as affected bya unltln8 dlrectlon made settion 96161 of the Charflles Art 1993 on 18 October 2￿6> ar￿ deed of amendment dated 5 February 21¥J7. F¥tyr• manl￿nIT￿m•*s Upon rhe occurrence of a vacancy. the Trustees shall cause a ￿te thereof to be entered in ¢he rninute book at thelr next meetln8. A Trustee n￿V be appolntsd or dSschar8ed by a resdutk)n of a Meefjn8 of the Trustees provlded thèt a memorandum declarln8 su¢h appolntrnent or dlschar8e shall be sl8ned asa deed eltherat the Meeiin8 b¥ the person presldln8 or In some other manner dlrected bv the MeetinB and attested by ￿other persons pre5eni at the Meetin8. Every ManaOn8 Trnstee shèll be appointed for the term offive years bya resoluttffi ol the M•n•8lwTrustee nlsatloml Str¥rtw• The Trustees meet ￿ce a year when IW Consfjd￿ trfoad ￿rategy. 8rani-ffièkkn8 athty, inve$tment policy and reservek The￿ are a8reed pollcy documents In use to yjpport these dect*onk The dav to dryadmitmstration of grants •rn1 the pro¢essln8 of •ppll¢atlons prlorto COn5ideratbn by the board is dele8ated to ihe Chartty Maryr. The Tru#¢es eASUrt that th•f ¢onsder the map?r Vb5k5 to wlu¢h the ¢hafftle5 are exposed and they have e5tsb115hed systems and procÈdures to mHna8e these risks aCcordir￿ to best pracDre. Tly hwe constructed 3 r15k reg15ter which prlorltlses these ri5k5 and hlentifies the miti8atin8 factors. systems and controls in retstion to each risk. The Tru5tee5 3150 ensure that there Is a comprehensive monlterln8 and revlew process in place io capture new risksastheymay3risÈ and thèt systèms ore in ploce to rnonage these. The Trustees have establshed a'ReWster ol Interes& as a meayjre of 8c¢Jd Fvacbte and also to en5yre that no wnfllcts occur. This reglster is updated on in arbnual In addition tt*Tw5tee5 h)vee5fab1￿￿ a'FrauO WhlsileblovAn¢ polty tofurther protect the a55ets of the charity. CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Report of the Trustees for the year ended 5 April 2023 Oblecii¥esand ac¥vltle5forthe bentfft Theoblectsofthe Charit￿$ #re la￿ out below. The ManaOn8Trustee5confirm thai have referred tothe guidonce contained in thp Chèritycommlssion'szeneral 8uidanceon publK benefitw￿￿TWt*lTr¥theTrU$Y$almsèrKI objÈttives. and InplannI￿1UtureacfjV[t[es •nd settln8 the Erant makSnB policie5for t1￿Year. Kalsqr Wllhelm11 FLthd objttts Th¢ income of the Fund may be applied in.. The rellef generally or Ind￿duallY of persons of Gernian Tha￿OnalIty. orl8ln or decent land their dependents) who are re￿dent In ¢hÈ area of the County of London or elsewhere. who are in condition5 of need, hHrd5hlp or di5tre5s, Ind relief, In ¢asesof Deed of persons asafore5ahJ. who are51cL cOn￿les¢en¢ d15obled or Irbfirm. By maklry4rants of money: By providi￿ or paylng for Items, seThkes or fadIl￿e5 cakutsted to red￿e the need. hardshlp or dlstress OF such personsor t0311eviate their SUfferi￿Or¥s51$¢ thelr reusvery.. 8y maklng arran8ement for such ser¥kes or hcllltles to be pro￿dett For these purposes by other In5tltutlons or organisètion5 whether In return lOrdonaVons￿ subscrlptlonstyjt of the Income of the charfty or notl, or Byany other approk¥lale mean50f pr￿￿1n8 chwlt3ble In lurtheT¥rKeof the •tyove obiett& bl The promotlon of th• •duutlon of persons of Gernmn nauonallty. orlwn or de￿ent land more pa￿CUlath orphans who are under the 38e 0125 yeors and who afe In need of flnarKlal asslstarKe and provldlna In the Interests of soclèl welfare facllltles tor re¢reatlon and othei lelsure tlme occupatton ioenable s￿hpe￿In5todeYe1oP thelr phy￿¢•1. rnental and moral ¢•pa¢ltles that theli £ondSllon of Ille rna¥ be Impro¥*d. The furth?rèrKe ol the relwus •fid th¥ft•We works of tr* Gwm•n Chur¢hes land more parfjculatly the German Protestani Chur¢hl In the former cowtyof Lonthjn or elsewhere and indudlnl the P￿$10￿ ol financlal and other asslstsn¢e to pastots and thelr dependen dl In lurtherance olthecblÈ¢ts but notlwtheror¢)therwl*the m•naWwtrustees S￿11 have the followlng powers.'- to ttroperate ènd act cc41abcfitton wbth any person. body. Instltutknn or authorlty IncludlnB other ¢114rltable organisbtlons and 8ovemmental and local author11*5 (whether In the Vnlted Klngdom or elsewherel to further the ob)ects ofthe chartty,. toest3bllsh. pr•moteorassistby wayofconthbution OrOthe￿Se lincludin8the pr￿ls1On of loan5 whetherlnterest- b￿rInK or not) •ny tharitab￿ or8anlsations or any or8anlsatlon l¥Yherever eSta￿sShedj whSch although not re8lStered as a chèrfty in Ewtsnd Wale5 has objects whlth would be recoKnlsed 05 charltable (whether or not e￿luSIVely}SOorV1h•chundertakescharI￿b1e work5and ropurchase, acqulreorundert3keallorany ofthe property, Ilabilities and en8è8ementsof whlch 0r83nl5atyonspr￿Ided that noneof the ifi¢omeoftheTrust Fund shall be used or aPpl￿d lor a rwhari¢able pwpo*. Old Peoplo'5 I￿1•¢ts In eraboutthe year 19)4. the Baron Rudolph Bruno Schroder. the PastorAr￿Ids¢hol10n and certaln other charltabWdisposed per50n5 e5tsblished a chartyintended to be *rth¥n asThe Old Peopvs Home, the objectsof which are the provision of long term assistance to old or infirm people ofelther sex whowere able to I￿ In U*irown htynes •rtd whtswert prlmaflly of Gem)an natlonallty or whose motherton8ue was German. The charlty w35 set up by a DEdar3tion of Trusi datsd 12 Marth 1928. For more than l(¥J years, th? charfty ha5 SOU8htcontlnually to acrln accordantÈwith thÈlounders' vAshesandvhth Much$ad￿$sand aftercarefulevaluation. rhe Howe In Upper NO￿ood w05 c105ed on 31 Marth 2DJS. Theassets of the charity, naffetythe purw)strbuilthomÈsÈtln LindscapÈd youndswere sold and the proceedsfrom the sale are beln8 used to contlnue theobjectsof the chawity. CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Report of the Trustees for the year ended 5 April 2023 Proredures *md pollty1￿ya￿t-M•k1fvS The charities seek to continue their phi13nthToplc ww* throw the orefisl stewardshlp of thelr finandal Tesources In line wth their objects. The Trustees promore work of Ihe Charit￿5 and travel widely in the UK and abroad. They use the know1ed8e 8ained to 5UPPOrtthe work of the charities and to infotm 8rant-makkn8 polic¥. Or8anisabons identified by the Tru5tee5for potenti315UPPOrt arÈ norrnally invlted tosubmlta fern)al ap￿5(all0n oudSnfj￿lbe projecL I￿be￿ficIarIes and how the fvnd5 will be applied accordlnato the 8uldan¢e of thÈTrustees and the Charltles ￿reCtor. InvesthieTht polky The property ¢f the ¢harlties. other than sums needed fw Imn*diateworking purposes. may be invested in or vpon su¢h stock. funds, shares, securltSes or other Investments of whatsoever n3ture and wheresoevei and whether InVol￿Th8 liabillty or not as the rnanagln8 trustees In thelr absolute dlscretlon thlnk flt aTrJ wlih the Ilkely absolute power of varwryg such investments from tlme to time to the ntent that the managlng trustee5 shall have the 5arne fvll and unrestrk¢Èd powers of InveS￿n8 Ind trans￿n6 the Itwestment of the £harSties premises in 311 respect, ?5 if they were absolutely entltled thereto bene￿Ially. The maln In¢ome of the ¢harltlès ts derw Irom its¥ested I￿SIn*￿t% The alkKotknn of kn¥e5tmeNts Is dele8ited to the Investment mana8er who wovldes progress rep0rtstoTr￿tees on a regular ba51& The Trustees regularty rt41èw current $trIte￿ thereby ensudn8 the careful swardshlp of thecharltles. fuTrY The Investment rnanager 15 tasked with rrwlnt•1nl￿ or the value of the sffilollo. vthlle ensurlnll there are 5uffirlentfvnds t¢ meet alltommltmtnts In lull. Ourln8 ihtyeaiended S April 2023. net b55es on Invesrmentswere É929,650. Charlry Multl-Asset Fund Is authorlsedaTrJ approved by the Ch•rltyComml4kn•nd bdesI8￿4 speclficaltyfor chadtles. A5 well a5 exposure to equltles, bonds and cash the fuTrl a150 Indudes exposure to ai¢ern•the asset ¢lasses suth as £ommodltles. property and absolute return. The Fund has a tar8et return obje¢ti¥e of Inflatlon ICPII 44% pef annum over an economlc cyck. Achl•v•m•nts•hd p¢rtorm*nt• DurSng the yearthecharlUe5 made8rants to four 0rpfi1￿k)rtslrt Ilfiel￿th ¢helroblotts. fjrants were conshjered on recelpt of pro8res5 reports forprevlou5year. applk3tlon5 forwk for tl*year ahead, o￿oI￿en&a8eMenI and ￿sIt$ by the Trustees and Charlty Mona8er where appropri•te. The grants contlnued to be flexlble. reco8￿5￿08 ihe en¥Aronment the or8anls3tlons were operatlng In, Including recovlerln8 •¢¢Mty levels pvsi-pèndeml¢. Infiationaryand cost of lfvlrl wessures. The yants made Included 5UPPOrt to the Councll ol German Church Work lor Irs core work and whlch pr￿ded grants to ￿ ¢orw8aYons towards thelr charltable actfvlfje5' To the Con8re8atlon at the German Chrlst Church. toward5 persontll ¢osts io support •¢¢Nl¢ies In west London,. and to tho German Welfare CourKII In suppertol Itssoclal W¢￿erar*I Its Emer8enry ènd Heatin8 Grants pro8ramme, the Gem)an welfa￿ Councll pr￿Ided support In the form of advlce and gr3ntstoover l.(xKI people d￿lry8 iheyear. Ka15•rWlhdm11 FYNI Durln8 the yeartho tharlty made 8rantstotalllr¥ É80.XiI12022.. £156.4001. Old Pe4>le's Nome Durlng theyeir the ¢h•rfty madeyamtstotalliThd £93.LD)12022: £7L¢m Afvll list of8rants mède In theyear can be on 14ote4 within tl* financial 5tsterneTht& CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Hnanclal re¥lew Kalser Wllhelm11 Fund The capital (Cornpr￿n8 tsngible fixed awts and in5*5tJnentsl of the charity at the ye3r*rKI wa5 £9,040.68412022.. £9.526,1021 and during rhe year KW11 received Incor￿ of £387.21X)12022.. £367.1891 ThÈ Fund'5 net H55ets at S April 2023 were £9.401,48812022.. 9.790.506). The freefvjld property 15 held on behalf of the mana&n8 tru5tee5 ￿ the Cu5tc*lian Tw5tee of Wither5 Trust Corporation timited Icompony Re8i5tration Nvmber 36973581. Old Peopl¥s Hoffle The Investments •f the charity at tr* year•id were at E3A87.63312022= £3.768￿75) and durfn8 year Old People's Home re¢elved lficome of£145,38412022.' £141,335>. The charlrfs netassetsai 5 Aprll 2023 twere £3.$87.58112022'. £3,81I4751. Rlsk mèna8ement The Trustees have tonsldered the major rlsks to whlch the tharft￿s are exposed and tlw have establSshed systems and procedures to mana8e these rSsks. The major rlsk to whlch the charibes are e¥wsed Is that of InCWrl￿ 518nlfl￿nl 1055e5 in the Invesrment portfolS0. General performancetarBetsare set bytheyn5t￿1rt relatbjn tothe Investmentportfollo, ar￿ the Inve5trnent performance Is kepr under re￿eW by theTrustees. ReseNes Wky The Trustees re¢o8nlst the need to hokl reseives lor the m41nte￿rrte of ￿[* ¢harftsble a¢tlvlt*s lth the event of Income Shortfalls. Re￿r￿e5 art defined •$ IrKome that becomes avallable whkh is to be expended at the dis¢retion of the Trustees In furthtron¢e of its oble¢ts but whlch has not beenspenL Committed0rde￿8nated. The Trustees carefully bud8etand plan charStable expendbture. 1Salsln8 Close￿ wlth the In¥estmeni Mana8er. Budeet and Irthne Informadon Is reported to Trustee5 at Trustee Meetlnas. The cunent level of reserves èi the ￿ar￿nd1$ Èl2,989,￿9{2O22.. É13.602.9811. Fu¢yr• W•ns Dudn8the comln8year theTrusrees wlll rtlew Fdlry lor yaAt.m4klrq and they wlll contlnue todevesop the str3te8y for provldlng 6rants In an eff*lent ahd efft¢tlYew•y. Statement of Trustees, RospMsbbllltl•s The manaWn8 trustees are re5P0Th51b￿ for preparlry the Rem of Trustees and the flnanclal statements In accordance wlth appllc3ble law and United KIN8dom &¢oun￿￿ Standards ILinlted KInb)I¢￿) Generalty A¢¢epted A¢tOun￿nS Pra¢tl¢el. The l•w •ppli¢4bl¢ to ¢harilies In England & Wales requires the trustees to prepare fina￿la1 statements for each finantlal year which give a true and fair view of the state of affalrs of the charftyand of the IrKomln8 resources and appllcatlm of resource5 of the Fund for thèt perlod. In preparSn8 these fina￿la1 5tatemenis. the rnanagin8 tru5tee51re requlred to.. select5uitsblt•ttOLmtlll8poIKles and •ppty them conslstefithi. observe the metlK)ds •nd prtnciples In the CharitiosSORP: make jud8ements3nd a(counUn8 estimatesthatare reasonable and prudenL statewhether applkab1eacc0untj￿Standardsh?Ye been lolh)**d sublettioanymaterlal deparnJresd15d05ed and explained In the financial stJtement5.' prepare th¢financièl statementsontt* goi￿cor￿ern ba￿S￿leSS[tO$￿app10VIate to prestsmethatthecharitywIII contlnue h) bU￿ness. CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND The managingtru5tee5 are respDnsib￿ for keePIr￿ adequate KcountinB records thai th3r are sufflclent to show and explaln the Fund's transacuens and dlsclose with reasonable accuracy at any time the finantial w)sition of the Fund and Ènable therTI to ensure that the financlal statements comply ￿th theCharitiesAct 2011. thecharity lAct(￿￿ts0nd Reports) Regulations and the provisionsofthÈ fund'5 trust deed. They are also responsible for safeBuarOir4 the a55ets of the Fund and hence for tèkina reèsonable steps for the prevention and deteCt￿n of fraud and otl*r irre8ularitie5. Audltor Sayervincent LLP wasapF¢Jlnted as theCharfty's￿d[IoI tturfn8the yearand has expressed it5 willin8ness trj continue in that capacity. Approval Thls report was approved by ihe mana8IwTr￿ee5W 12.09.2023 •fid sw on Itsbehalf by.. John Henry Frederick Schroder Trustee CHARITIES ADMINISTERED BY THE KAISER WILHELM11 FUND Independent auditorfs report to the Trustees of the Charities Administered by the Kaiser Wilhelm11 Fund OF4nlon We have audited the financlal statementsof theCharityesAdmini5rered bythe Koiserwilhelm 11 Fund Ithe'charlty'l forthe y¢èrendÈd 5 Aprll 2023 whlth comprf5e the statement of AnarKial ActivitiÈS. the Balante Sheot, thÈ Statement of Cèsh Flows and notes to the rinèncSal starements. including a Summary tsf M8niftsnt accountSn8 polkles. The financlal reporting framework that has been applied In their preparatlo*) Is applkable law and Unlted Klwdom Accounting S￿￿￿ardS, i￿lUdIng FRS 102 Yhe Financlal Re￿r￿n8 St3ndord appli¢ablÈ in the UK and Republk ol Iretsnd- Iunlted KingdomGeneraltykcepted Accountin8 Practice). In ouroplnlon the finarKial 5tstementk' VÈ t trL* and falr tylew of the state of the charl￿5 affalr5 as at 5 Aprll 2023 and of its in¢•mln8 resour¢ts ènd applkatlon of resources forthe yearthen ended.. have been property prepored in ac£ordan£e with Llnlted KinBdom Geffieral￿ Accepted kcounting Prattlce. and have been prepared accordènce wlth the requlrements of the CharitiesAct 2011. B•slslor oplnlon We conducted our lfi atcorda*KÈ￿thl￿ternalIoft3Istr￿Jard5O￿A￿Ilt1n6 IUKI II&AslUKII #ppl1¢0b￿ law. Our respon$lbllltles under those standard5 are further de5crlbed in the Auditrfs respDn51bilifjes for the audit of the flnancièl statements sectlon of our report. We are Sndependent of the charlty In accordance with the elhir41 requirements that are relevant to our audlt of the fSnanclal statements In the UK, In¢ludin8 FRC'S Ethlcal siandard. aTrJ we haye fUlfil￿d our ethlcal re5ponslbllitles In accordance wlth these requlrernentk we belle%* t￿t the •udlt e•k1ence we h￿e obtalned Is suffldent approprlate to pro￿de a ba51s for our audlt oplnlon. CM¢lusloM relDlln¢tO60I￿ Eoncqrn In audltln8 the finan¢l•l ststemÈnts, we ha4* CLYduded that the tru5tee5' use of the 8oln# ¢¢rt¢m basls of ac¢ountlng In the preparatlon of the flnanclal ststements Is approprfate. Based on the work we ha￿ pwformed. we hm not hjentlfied at)y materkil uncertalnfjes reladn8 io events or condltlons thaL IndI￿dUal￿ or collect￿1¥. may ¢as¢ $*nifi￿nI doubl on the charit(s abillty to as a 8oln8 concern for a perlod of at least twelve months from whefj ihe financlal statementsare a￿hD￿sed for155￿. Our re$pOnsI￿lItIe$ and th¢ responslbllltksof the tru5tetswllh rtsptct to8oln8 COtKem Ire deKribed in the relevant se¢tloThs of thls reporL Other Infomi•tlon The other Inlormafjon comprlses the 5nformatlon included In theTru5te•s' R•prt oth•rth•n the finan¢ial statements and our auditorfs reportthereon. The Trustees are re5wnsible fL)r iheothef inlormafjon. Our olnlon on thenn•rKlo1 ststementsdoes noi¢overtheother Informthn aTrJ,except tothe extent other*lse expllcltly 5tsted In our repor¢ we do Th)texpressany fomi of as5urnr￿e ihereo In Connett￿n wlth our audlt of the financlal 5tstemeTh￿ wr reswn5ibility 15 to t1￿ other information and, in doin8 $0. consider vihether the other informatlon Is materfalty Incon05tent with the finoncial statements or our kno%￿ed6￿ obtained in the audlt or otherwlse appear5 to be matefwlty misstèted. Il we Identifyf such materlal 5¢Konsister￿les or apparent materkl mls5tatements, we are requlred to deterrnire whether therÈ L% a matÈrial mlsstatement in the finaKki1 ststements or a maierlal ml55tatemenr of the other Informatlon. If. based on ￿ work we perfom)ed. vie corKlthle that there15a materlal m15ststement of thls other information. we are reqvlred to report that fatt. We have Th)thlng to rewt Sn th55 re￿￿￿. CHARITIES ADMINISTERED BY THE KAISER WILHELM11 FUND Independent auditorfs report to the Trustees of the Charities Administered by the Kaiser Wilhelm11 Fund Matters orswhlth weare iequlredio repm byexce Wehave nothin8toreportinre5pectofthefollowgmatter5wherethe charit￿sA￿l01ITeqV1reS Ustoreporttoyou if. inouropinion.. Information contained In the flnancfjal ststements ￿l￿onsI$tent7n materlal respect wlth theTru5tees' ￿nUal Report. or adequate accountin8 record5 have notbeen kept: or the financSal stètements are not in a8reement with thexctyjntlw retords returns.. or we have not recelved all the Informth and exphnotsN5 requlre forouraL#JIL Rèsp0nslbllltlesoltrL￿tt￿l As expkSned more fullyln ihe trustees. re5ponslbllltles statemenL the trusteesare re5ponsSble for the Prepara￿On of the financial Statementsand for beln8 satisfied that they Wye a truear*J tsirwew, and for such Internal control a5 the trustees determine515 necessary to enable the preparatlon of financ￿1 5tsterr*rbts thèt are free from materfal m1551ateff*TrL whetherdue to fra￿ orerror. In wparln8 the fina￿111 Matements. the irustees •re ￿sPonSI￿¢ for assess4n8 the ¢harfVs ablllty to ¢ontknue a$ 4 8oln8 cencern. d5x1o￿n8, as applicable. matters related to 8olng tor*ern and u51n8 the co￿ern basss of accountln8 unless the trustee5 elther Intend to1Souldate the charstyor tocease operatlon4 or l*¥e rK* reallS1ic altema￿e but todo so. Audttorfs responslbllltles for the•utht olthe fln•nthl 5tstemwts We have been appolnted as audltor under se¢160fi 144 of ￿ CharfUes kl 2011 and rep￿in a¢¢ordance wlth fheArtand relevant re8ulatlons made or ha￿Tr&effect thereunder. Our oblecthes are to obtalfi f•asonable assuran¢e •b￿t w￿h¢[ the finafft¢L41 st4tements •$ • whole art free from m•terl41 m155tatemtnt. whtther due to fra￿1 or error.lnd to Issue afi •udi¢orfs report th•t lfi¢ludesovr oplnkn. Reasonable a$5ur•n¢e Is a hl8h level of assurarKe, but Is not a guarantee that an audlt ¢M￿cted In accffllonce ￿th ISAS IUKI wlll èlw3ys detect a mater141 mlsstètement whenltexlst& Mlsstatementscan arlsefrom frèudorerrora¢)d are consldered materlal If, Indlvldualtyor In thea88re8ate. ¢hey could reasonably be expected io influence the ¢(￿oMIC dedsknsof us¢rstsken on the ba￿$ ofthese finantlal statement5. Irre8u1arltles, Including fraud, are Instsnces of ￿n￿Ompl1•N¢t wlth law5 3nd reBulJtlons. We deslgn procedures In Ilne wlth our responslbllltles, outllned •bovt. to deie¢t m•ter&l mlsst•¢¢mefits In respert ol Irre8ularf￿t$. IrKludln8 tr•ud. The extent to whl¢h our procedu￿S￿re capableof deiectln8 Wwlaths. [￿ludI￿ Iraud are outwow. Capablllty olthe audll In d￿ector￿ ￿NeW￿rItIeS In IdentlfySn8 and 35sessI￿ rSs*s of materlal mSsstaiement In respett of *re8ularlde¥ Indudln8 fraud and non-Com￿lInce wlth laws and re8ulatlon5, our procedures included the lollowiry.. Weenquired ofmana8ementand trustees. whKh irKIL#led obtslfilfiBand r￿ewITh￿sUp￿ftinidlX￿mtnl3tI0n,cDncerDln8theCh#r[￿s polkles and procedures relatin8to'. • Identrfw'w v4aluatI￿ aThJ c(ffiptyiw kws and re8uLitions athl whother tw were awa¥e of any Instsnces of non- compliance.. • Detsttin8 and respondln8 to the rlsks offra￿1 aThJ whether they have knovAed8e of any actual. suspectsd. or alleged fraud.. • The internal controls established to mit4ate risksfelatsd to fraud or nort￿m￿lanCe wlth laws and re8ulati¢ns. We Inspected the MIn￿esOf meetln8sof th)se char8ed ¥hth 8ovemarKe. • We obtaSned an undersrandlng of the le8al and reydatory framewofk that the charfty operates Sn. focuslnl on those laws and reguIèt￿nSth•t had a materfal effett on the financhl ststements or ihat had a fvndamentsl effect on the operatlons of the charlty from our professhjnal and sectorexperfence. • We comrnunlcated ap￿1¢able lawsand reEutsUon5throuthoutthe audlt ieam and remalned alerttoalry Indkatlons of TKIn- compllarKe throug1￿1 the aud¢i. • We revSewed any report5 made io re8ulaiors. We rewewed the finarKial 5taternent discloswe5 and tested these to 5UpPOrtI￿ dLKumentstson to a55e5s Com￿lance wlth ap￿1(able law54nd re8ulatior We pprforrned analybrHI proceduresto identify any unus￿10[ unexpe£ted relatk)n5hlpsthèt rThay indlcate r15k5 of m•terlal mi55tstement due lofraud. CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND In addressin8 the rfsk of fra￿ throu8h management ￿rrIde of controls. we tested Ihe appr¢JprSateness of journal entrie5 and other èdjustments, assessed whether the jud8ements made in making accounting estimates are Indlcatfve of a potentL71 bia5 and tested sIBnificant transactsons that are unusual or those oUts￿e the Th0￿?1 course of buyre55. Because of the Inherent limitati¢)n5 of an audiL the￿ Is a risk that will not detect all Irr4ularitles, includln8 tt)ose leadln8 to a mater￿1 mlsststement In the finarKlal statements or Mna. ql The tharitiesare exempt from crxpc¥athJn tsx35311 thelr kncorne Is thariublè Is applled for chaitable purpose5. 14 CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Notes to the financlal statements forthe year ended 5 April 2023 Imiemmeffl Income KalserlMthelm11 Unrestricthd op Restrkred 2013 Total 2022 Tot31 Bank interest Dfvldend5 rece￿e0 aThJ forei￿ ex¢ha 4.￿3 3￿117 5,181 511.403 28 493,496 144286 Total 145,384 517,584 493,524 Inclthled within investmentincome isE145.38412022: £14L3351 In respertof restrscted Income. Ch•rf¢•lA¢ •thltl Gr•rbts Ih supwtof f¥ovem•rte p•y•blè maW 2023 Totsl 202Z Total K•ls¢rWlh¢lm11 Fund Grants payable (see note 41 Administration Property Insurance and fire I￿rM ountanty Audlt Le8al fees Sundry costs 156,4ryJ 8,367 1,305 1.128 5.395 3.504 5,380 092 6,092 1341 830 6.252 2,341 830 6,252 6,568 6,568 Old P•oplrfs H•m•• Grants payable (see note 41 Adminlstratlon countanc¥ Audlt 93,0 2.3 325 71.QDJ 3.358 453 2,165 Total IrJJoo 8.477 19,664 202ml 258.455 IncI￿je￿ wlthln thavltrb* act￿lI6e$ Is £9&15812022'. £77.1791 relatln8 io restrthd fund • In •ttordafi¢e wlth Chèrlty C¢)mmlssion 8uSdance. the ¢Jd People's Home. 35 ihe charfty wlth narroweT object5 a¢¢ountsfor its fu*)dsand therefore adi￿tie5 Isrestricted wlthln the finarKL41 ststement 6r•tyts p•y•bh Koi%erWllhelm11 OPH 2022 Total Totsi German Se3marf5 Mi5sIoft Councll of German Churth W¢K Gprrnan Welfarp Council The Con8re8ation èt Gern￿n Chri Church, London Pastoral St M3rt1n'5 pr￿￿￿0￿ 15,Lb)) so,L￿) 73,C 71.0 93X 15,9 Totsi 91CIK* In.9 227,4rKJ Included wlthlThgranr5 payable IS £93ml12022.. £71.2031 olatinB to re5tritted fund& CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Notes to the financial statements forthe year ended 5 April 2023 Tan8lble fixed a￿0ts zo 2022 Kalser Wllhelmll Fund Freehold property.. Cost &850 146.850 Thls relates toa detached IKJ¥St purchosedon 28 Febrt￿ry 1994 at 16AtheAvenue, Chafford Hundred, Gray5, E55e Thè propeltywas purchased d5an investrnentasset and letat atommercial renL Theproperty is now provided rent free to a charlty, effectlvety trustee5 ha¥* made a 8rant'ln16ÈLrf of rent. Thi5 Brant amountsd to £15,fY)O In 2Q2312022.. £15,0(K)13nd Is shown as rental Srtome and a5 a grant payable In the accounts. The freehold property Is held on behalf of the managln8 Wustees by the Custtxlion T￿￿tee of Wjthers Trust C¢rporJtJon Umlred (Companv ReOstratk)n Nurnber36973581. Irw•5tments 2023 Total 2022 To¢•1 Marketvalue bowt forward 9,367.001 I,759￿89 13,126,691 12A39,716 Cost of acqyls1l1o￿ durln4 t￿year PrO￿ed5 from dlsposals lfi the year 239,551 164.0661 16,OS7 IILKJ,8391 325.601 1164.9051 391,983 1130.9251 Netush Invested 175M85 114.7821 160,703 261.058 Net110ss118aln on re*dI￿tKIn In the year 1661.7131 1267.937) 1919,6501 515,917 Marketvaluè of Investm•Trts carrled lon¥ard 8A8Q774 3476,970 11357.744 13,126.691 Cash held as partof portlollo In%*stment 10.663 23,723 21.436 Total mèrkei v•lue ats Aprll 2023 893 3,U7,613 11381467 13,148.127 2023 1022 Total opm In¥estments•t Ma￿et value comprfse.. UK quoted investments 18N774 3A76.970 11357,744 13,126,691 Cash held In In%*s¢mefit Portfdk) 1*060 23.723 2L436 nstorfc tostof Irbv¢stynents at5WI 1013 &338.972 32612S3 IL601.225 11,366.279 16 CHARITIES ADMINISTERED BY THE KAISER WILHELM 11 FUND Notes to the financial statements for the year ended 5 April 2023 OPH 2022 Other debtors.. Accwed in¥e5tmÈnt in¢omo 93.710 31682 130,392 126,365 93,710 130.392 126.365 credbt0￿. amo￿tsd￿eW1thI￿ l ye¥ OPM 2023 2022 Accruals-audS¢ accoiintawfee5 & adn4n15tyatbJn lee5 8M6 Accruals-malntenance Grantcredltors Investment manaBer fe•$ 13,824 18,742 2,748 50.& 3.750 4023 3,635 11.278 6,181 17059 75,240 Analyslsotn•t•SS•ts b•ts¢¢h fMds-2023 K•15•rWlthelm11 Fund Generbl funds OPH Restricted funds Total fund5 Flxed asseis Investments Net¢urrent assets 146.850 8193.834 146,850 12,381,467 460,752 W7,633 99,94B IS87,581 12,989,069 of netassets bets¥een hJr¥Js- 2022 K•lserWIIP*lm11 Fund Ge*)oral lunds OPH Restrfcted fvnd5 Totsl fur￿$ Flxed asse15 Investments Net current assets 146,850 9.379,252 264A04 146,850 13,148,127 308,004 3,768,875 43,6L)J 9.79),506 3,812,475 13,602.891 17 CHARITIES ADMINISTERED BY THE KAISER WILHELM11 FUND Notes to the financial statements for the year ended 5 April 2023 io. Movtment In funds-Z023 At Mart of year Net Atthe ehd of year e$￿￿e$ resources $5e5 Total restrlrtedfunds I￿12￿74 IW3401 1267,9371 3.587.581 Total uhrÈs¢Fkted fynd5 9,Th1 387.21Y) 1114.5Q61 166L7131 9,401,488 Totsllunds .602Ag1 531584 1216,8461 1929.6SOI 12,989,069 Movement in fund5-2022 Atstart of year I￿1801n& resourtes 14et 80ins Atthe end of year Restricted funds Kaiser Wilhelm11 Fund Old People's Home 203 3,594,977 12031 181.3521 14L335 157.514 3012,474 Total restrlcted funds 3.595.180 14L335 181,5551 11911651 157.154 3￿12,474 Totsi uTrre5trirted fuTrJs 9.257.080 367.189 358,403 9,790.507 Total fuTrJs 11852.2 504524 1273.7201 515,917 13,602.891 ii. Tru5tse r•muneratlon The mbn88in8 tru5tee5conshler themsefves ascomwlsiwthe keyrnanagemenr personnel of the Charl1￿$. In charge of dlrectln8and contr￿lin1 thechorltle& The mana8ln8trustsesreceived £nll rnmUnera￿0n for thelr 5erykesorexpenses durln8 the year12022.. £filll Ind re¢tW r￿ relmbw5ementof expenses12022.. £nill. 12. it•d p•rtl•s Cazenove Capltsl acts as Investment mana8er lor the charities. Ms L K E khroder Is a non*xecutlve dlrector of Schroders plc, the ultlmate parentcompany of caler￿ Capltal. khrc¥Jer & Co Ltd att as bankers fty the th•rltles. M5 L K E Sthroder Isa nM*xeCut￿¢ dlrertor of S¢hroder5 plc, the dmate parentccfflpany olSchroder&Co Ltd Mr P S A MalllrKkrodt and M5 L K E Schrc4Jerare also trustees of TheS¢hrLxler Foundatlon whkh made a charge to the charfty of £9.63212022.. £13,918) In respect of admlnistratv)n and ac¢ountsrw 5ethce5 provlded durlnl the perlod. £5.12412022.. £9,2451 of th&5 balance was outsian*Jln8 at the year end.