THE ROSEMARIE NATHANSON CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 THE ROSEMARIE NATHANSON CHARITABLE TRUST l N D EX Year ended 31 December 2022 Page General inforrnation Trustees. annual report Independent examlner's report Statement of fin2ncial activities (intluding Income and expenditure account Balance sheet Statrrnent of cash flows Notes to thÈ financlal Strdtemonts THE ROSEMAXIE NATHANSON CHARITABLE TRUST G E N E KAL I N FO RMA TI ON Year ended 31 December 2022 Trustees H D Nathansom Esq Mrs L Nathanson D Bvarman Esq Settlor H D Nathan50n Esq Address 7th Floor Sourh Block 55 Baker Street London WIU8EW Independent Examiner D C Mellor ACA CTA Dixon Wilson 22 Chancery Lane London WC2A I LS Charlty no 1127306 ankeY$ Coutts & Co 440 Straiid Londo WC2R OQS THE ROSEMARIE NATHANSON CHARITABLE TRUST TRU ST EES ANNUAL REPOR T Year ended 31 December 2022 The trustses submit the annual report cogerher with che acc(￿nts of the th2rity for the year to 31 Dettmber 2022. The accounts comply with current statutory requirements and are in the formaL prescrlbed by Accounting and Reporting by Charities.. Statement of Rècommended PtactitÈ applicable to charities prep2rlE)g their accounrs ia accordance with the Finantial Reporting Standard 2pplicable in the UK and Republlt of IrÈlgnd IFRS1021 {effective I 12nuary 20191. The report should be reAd in conjunction with the gene171 Ènlormation provided en p2ge 2. Administrative infomiatlon The Rosemarle Nathan50n Charitable Trust is & charity regÈstered with the Charfty Comrnissiori, re%Tstration number I1273(￿. It Is govemed by a trust deed dated l O December 2008. On 3 Nay 201 I the Trustees resolved to change the name of tlie Charity to The Rosemarle Nath&nson Charitable Trust. It wa5 formerly known as The Rosemarie Charitable Trust. Structure) govemance and martagÈment The truscee5 who have served in the ye#r 4rÈ those shown on page 2. New trustees are 2ppolnted In accord8llce with the trust deed and a mlnlmum of three trwtees are required at all times. In 2ccord2nce wlth the trust deed all grants and donations require the approval of all trustees. The trustees predominantly mal(e grants 2nd donations to UK rÈglstered chariiies buc on occasion htve supporced oversÈas char(oes. In these instances checlts are carried out to verrfy that grants and donations belng made to OVe￿e2s organisations art applled for charkabte purposes125 defined by the law of England and Wales). Objectlves and activities The Rosemarie Nat112nson Charltable Trust Is a family foundatlon rooted in Jewish values. The char￿Y wmmits to support vulnerabk indivlduals, focus1￿ primarily on helping young people gain critical Ilfe skllls through inform31 education, activities and training. The charity &￿pp<)rt5 pfoFects of all denominations In the UK and around the world, seek4ng programs that will tnake a significant impact and that have an inherent tapa¢lty for growth. The chartty Èchieves thls objective by selecting relewdnt institutions to which to donate. Publlc benefit The trusoes having regard to the Public benefit guldantÈ published by the Ch2rity Commission In accordance with section 17 of the Charities Act 201 I; consider that the purpose 2nd actlvltles of thè tharlry s)tisfy the requirements of the publlc benefit test sec ouc in section 4 of the same Act. Organisatlon The charlty's affalvs 3re carried on by its trustees, who meet as necessary lor th1$ purpose. AchÉevements and perfom)ance and futu*e plan5 D￿rIng the year totsj donations of £105,555 were recetved P021 £937.500). The dwity commI￿ed to grants, dtsnatlons and other charitable expenditure of £770.982 12021 £608,890). The trustee5 expect to continue to make slmltar 8rants and donations in the future. Financial review and risk management Investments at the yeÈr Ènd had a market Value of £335,347 (2021 1451,9951 and unrestrieted funds stand at 1477.852 Q021 £1,250,622). Unrestrict& funds are used to finance the charity's charitable activitles. The trustee5 mainrain a leveE of re5etves that is sufficient to cover the fund's costs lor the forchcoming year. It is not the trustees, po14Cy to over-distribute income. The m2lor risks to whlch the ch2rSry Is ÈxposÈd, as id￿tI￿ed by the trustees. hve been rewewed and 5ystsms have been established to mitigate those risk5. THE ROSEMARIE NATHANSON CHARITABLE TRUST TRU STE ES Year ended 31 December 2022 Statement of Trustees. responsibllitles The Trustees are responssble for preparing the Trustees, Annual Report 2nd the financial statements in accordante wlth applicable law and Unlted tQngdom Accounting Standards (Uniced Kingdom Generally Acceptsd Aecounting Practice The law applicable to charttles in England 2nd Wales requlres the trustees to prepare finÈncial statemenrs for Èach financial year whlch glve 3 true and fair view of the state of aff*irs of the charlLy and of the incoming resources 2nd application of resourtes of the charlty lor that year. In preparing these financi815tatements, the trustees are requlred to.. sélÈtt 5ultable accounting policies and then app5y them consis¢en(fy', observe the methods and prindplÈs in the appllcable Charit*es SORP., make judgements and accounting es¢imaEes that are reasonable and pruden( state whether applicable accounting stsnd2rds have been followed, subject to afty departures diÈtlosed and explained in the financial ststements- and prepam the financial Statements on the going concern ba515 unle55 It 15 inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeplng 8ccounting record5 that disclose wtth reasonÉble aecur#¢y the financial posiIR)n uf the charity and enable them to etbsure that the financi31 statements Comply with the Charities Act 2011, the applieable Charlties {Accounis and Reporis) ReKulatlon5 2nd the provisions of the Trust Deed. They are $lso responsiblp lor SalegLiai￿rng the assets of the charf¢y and hence for takin% reasonable steps for the preventlon 2nd detsction of fraud and other Irregularitie5. OTr behalf of the stees H D Nath2nson 18 OelobÈr 2023 THE ROSEMARIE NATHANSON CHARITABLE TRUST I N D E PE N D ENT EX A M I N ER'S R E POR T Year ended 31 DÈcembèr 2022 Independent examlnev's report to the trustees of The Rosemavie Nathan50n Chavitable Trust I report to the trustees on my examination of the 2ccounts of the Trnsc for the year ended 31 December 2022. Responslbllitles and basts of report As the chari¢y trustees of the Trust you are respons(bie for the preparation of the accounts in accordance with the requirements of the Char*ties A¢t 2011 ('¢hÈ Aet). You 4rÈ sacisfEed that an audlt is hot roqulred for thls year under charity law and that an independent examination is needed. I report ID respect ot my examination of the Trust's account5 carried ou¢ under se¢ty¢)n 145 of th& 2011 Aet and in tarrylng out rny ex2mination I have followed 211 the 2pplicable Directions glven by the Charity Commission under Section 145151(bl of the Act. An independent examinarlon does not involve gathering all thÈ evidencÈ that would be rÈquired in 2n audit and consEquently does not cover 211 the macters than an auditor considers in giving their opinion on the account5. The p18nTring 2nd conduct of an audlt goes beyond the limlted wuranee th2t an independent examination can provide. Consequentlyy l express no opinion 8s ¢0 whether the accounts present a 'twe and faié view tny reporr is limited to chose specific matters set out in the independent examiner's s¢aten)ent. Independent examiner's statement l am qualified tts undertake the examination by being 3 qualified member of the Institute of Chartered Accountants In England and Wales. I havÈ completed my ex2minacion. I conlirm th2t no m2teri21 mitiers have come to my attention in connection with the examination gvrrtg me cause to belleve ¢hat in any m•terial respecL' accounting records were not kept In respect of thÈ TNst #x required by sectlon 130 of the Act.. or the accounts do not accord with those records.. or 3. (he accounts do not comply wth the applicable requirements concerning the fonm and conten¢ ol accounts set out tn the Ch8rities IAccoiJnts and Reports) Regulations 2008 other than any requivoment that the accounts give 2 'true and fair YieW which is not a matter considered as part of an independÈnt eX2minaoon. 4. the accounts have noc been prepared in $ccordance wlth the méthods and principtes of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing thelr account5 in accord2nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come a¢rosg no matters in tonneetion wlth thé Èx2mln2titsn to whlch attendon should be drnwn In this report in order to enable a proper understand¢ng of the accounts to be reached. D C MELLOR ACA CTA Dixon Wilson 22 Chancery Lane London WC2A ILS 26 Oelober 2023 THE ROSEMARIE NATHANSON CHARITABLE TRUST ST A TE M ENT O F F I N AN C I AL ACT IV ITI E S Year ended 31 December 2022 Unrestricted Unrestricted Funds Funds 2022 2021 Note Intomlhg from: Donations and legacies Investment income 105.555 9,305 937JOO 6,448 Total income 114,860 943.948 Expenditure on: Charitable acdvltiÈs 770,982 608.890 Total expendlture 770,982 608.89 (L05ses)Igalns on Investments Net (expenditure)lincome (116,6481 (772,770) 112.680 447.738 Reconclliation of funds.. Funds brought forvnrd Funds ¢arrled forward 1.250,621 802.884 477.852 1.25J.622 The Statement of Financlal Actlvlttes tncludes all gains and losses for the year. All income and expenditure derives from conrlnuing activlties. THE ROSEMARIE NATHANSON CHARITABLE TRUST Charl¢y number: 1127306 ALANCE SHEET At 31 De£ember 2022 Unrestricted Funds Note 2022 2021 Fixed assets Invescments 335,347 451,995 Current assets Cash at bank and in hand Debtors 132,8n 806.277 153,983 806.277 Creditors: amouttts falllng due wltNn one year Net current assets 10 {11.478) 142.505 (7,650) 798,627 Total a$*t$ less ¢urrent liabllltles 477,852 1250,622 The funds of the charity., UnrestrI￿d funds 477,852 1,250,622 Total unrestrlcted fund$ (page 6) 477,8S2 1,250,622 The accounts on p2g£s 6 to 12 were approved by the Trustees on 18 O¢tobor beh￿f by. 2023 2nd were slgned on Its H D Nathanson Esq THE ROSEMARIE NATHANSON CHARITABLE TRUST ST A TENENT OF CASH FLOWS Year ended 31 December 2022 otal Funds Note 2022 2021 Net movement in funds 1772.7701 19,3051 116,648 447.738 DeducL inEere5¢ and dividend Income 5h¢)wn In Investing att5vlties Add back losseslldeduct ￿l￿s) on investments Increase in debtors Ilncreaselldecrease in creditors Net ¢ash provided byl(used in) operating actlvltles 16.448) 1112.680) 3,828 1860) 327,750 1682,710) Cash l]ows from investing activrtles B2nk tntevcst received Dlvidond lttcome received Proceeds from the s21e of ￿veStMents 304 9,(￿1 &448 Net Cash provided by (nvcsting actlvltles Change In cash and cash equivalents rn the year Cash and cash equivdlents ac the begnning of the year Cash and cash equlw41Ènts 3¢ the ond tsf the year 9,305 6,448 334,198 (673,4051 806,277 472,079 132,872 806,277 THE ROSEMARIE NATHANSON CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 3 1 DecÈmber 2022 Accounting policies Sumniary of significant accounting policies and Icey accounting estimate5 The princlpal accountinE policles applied In thè weparation of these flnancial 5¢atements are set out below. Th￿t policEes have been consistently applied to ill the years presented, unless orherwlse stated. Basls of p￿par￿tIon The financial statements haye been prepared under the hisLorical c05t convention, as modified by the revaluatlons of fixed a55et Investments, wlth Items recognÈsed 3t cost or transgcoon value. The finaiicial stathments have been prepared i accoi'dance wth (he S(a(ement ol Recommended Prdctice.. Accoundn2 and Reporting by Charitles preparillg their ccounts lth atcordance with the Financial Retx)rting Stsndard applicable in the Ul< and Republic of Ireland 11 January 20191 IFRS 1021 and (he Charities Aci 2011. The financi?1 ststements are presented in Stsrllng and rounded to the nearest {. The Tru5¢ constiwtes a public benefit entlLY as defined by FRS 102. Income recognition Income from donations is recogftised onee the chaAty has reeelved entitloment to a donaoon. (he doDation is probable 2nd wlthln the control of (hé tharity. and the 8mount of incotne receivable can be measured reliably. Invesonent Income represe¢)ts dwidends and interest on fixed asset investments, whlth Included on an accrtrals basls. xpenditure recogmltlon E%penditure is recognised In the financial staremenc5 when 3 5peomc comtnltment has been tnade to (he reciprent and the chat4ty has vetalned no dlscretion to termiDste, and the arnount ol the obligauvll can be measured reliably. Grdnts are recognised In the fin2nci21 st2tements as liabilit￿8 %fter they have been approved by the trustees, the rÈ£iplents have been notified and there are no further terms and canditions ¢0 be fulfilled whlch are wlthln the control of the trust. In these circumstance5 there Is 8 valtd expectation by che rectpients that they wlll recelve the grant. Cash at banlc and In hand Cash ac ban1< and cash In hand Includes cash and short tsrrn hlghly liguid investments with a Short maturlty of three months or less frorn the date of acquisition or opening ol the depo￿¢ or similar accoun£, Financial instruments Financlal instrurnents are classified and accounted lor according to the substantr of the