Charity number: 1151303
THE CASCIA TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE CASCIA TRUST
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
Independent examiner's report
statement of financial activities
Balanco sheet
Notes to the financial $tatement$
8-16

THE CASCIA TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
Stephen Rosefield
Roberta Rosefield
Hannah Rosefield
Paul Rosefield
Charity registered
number
1151303
Principal office
33 Ely Pla
London
EC1N 6TD
Independent Examiner
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Bankers and Investment Arbuthnot Latham & Co
Advisors
7 Wilson Street
London
EC2M 2SN
Page 1

THE CASCIA TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the financi81 statements of the Charity for the year 1
January 2023 10 31 December 2023.
Objectives and activities
Policies and objectives
The objectives of the charity, as set out in ils governing document are lo benefit such charities and such
charitable purposes 8s the trustees may detemine.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidanee
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8
charity IPB21'.
b. Strategies for achieving objeetives
The Trustees meet regularly lo consider causes to support, carefully assessing each cause based on available
fvnds. Causes are selected from Trustee contacts and knowledge, rather than accepting unsolicited
applications.
c. Activities undertaken to achieve objectives
The Charity undertakes to give grants to worthy org8nis8tions as the Trustees see fit.
d. Main activities undertaken to further the Charity's purposes for the public benefit
The Charity undertakes to give grants to further ils purposes for the public benefit. Grants are made lo other
charitable organisalions, which the Trustees believe is for the public benefit.
Achievements and performance
a. Main achievements of the Charity
The Trustees made numerous donations to good causes in accordance with it's objects during the course of the
year. Donations during the year tolalled £60,50012022'. £77,0001.
Financial review
a. Going coneem
The Charity has minimal fixed costs, with the main Sour￿ of expenditure being grants made to institutions which
can be made al the discretion of the Trustees. Furthermore, the Charity had a healthy cash balance at the year
end. The Trustees therefore feel il is appropriate lo prepare the financial statements on a going concern basis.
b. Reserrfes policy
The Iruslees aim to maintain sufficient reserves lo ensure that the Trust has funds lo cover fixed expenses for at
least 12 months. This level has been maintained throughout the year.
Page 2

THE CASCIA TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
c. Review of the Year
At the end of the financial period, the charity had £1,939,58712022 - £1,811,018) of unrestricted reserves. These
are largely held as an investment portfolio, valued al £1,916,35512022 - £1,750,143), and cash held at the bank.
The market value of the investment portfolio increased by £147,787 12022 - decreased by £113,093). The
investment portFolio is professionally managed, and the Iruslees are confident that the investment portfolio is well
positioned for the long term.
The portfolio generated £36,910 in dividends and interesl12022 - £26,335), and the Trustees are satisfied with
this performance.
During the period the charity has received donations including gift aid tolalling £25,00012022 - £250,000).
The trustees were pleased to be able to continue their grant making program, donating £60,50012022 - £77,700)
lo charities of different natures.
structure, governance and management
a. Constitution
The charity was sel up by a trust deed dated 16 February 2013 and became a registered charity {no. 11513031
on 20 March 2013.
b. Methods of appointment or election of Trustees
New Trustees are appointed by selection by the current Trustees of the charity by a simple majority vole. New
Trustees are selected to add their expertise or knowledge to the board of Trustees.
Plans for future periods
The Iruslees expect the charity in the future lo continue to receive donations, make investments and make
grants lo other charitable organisalions.
Page 3

THE CASCIA TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢￿pIed Accounting
Praclicel.
The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
slalemenls, the Trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departLJres disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is in8ppropriate to p￿Sume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity
IAccounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
sègRhe4 EoJg£iekl
stephen Rosefield
Trustee
Dale.. 2811012024
Page 4

THE CASCIA TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examiner's Report to the Trustees of The Cascia Trust I'the Charity.)
report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in aceordanee with the
requirements of the Charities Act 2011 I'the 2011 ACVI.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no mallers have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act," or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and conlenl of
accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement
that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent
examinab'on.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's
Trustees those matters l am required lo stale to them in an Independent examinerfs report and for no other
purpose. To the fullest exlenl permitted by law, I do not a¢￿p1 or assume responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed.. /#*&
Dated. 28/10/2024
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Page 5

THE CASCIA TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Investments
25,000
36.910
25,000
36.910
250.000
26,335
Total income
61,910
61,910
276,335
Expenditure on:
Raising funds
Charitable activities
18,058
63.070
18,058
63,070
12,677
80,304
Total expenditure
81,128
81,128
92,981
Net lexpenditurellincome before net gainsl{losses}
on investments
Nel gainslllossesl on investments
119.2181
147,787
119.2181
147,787
183,354
(113,093)
Net movement in funds
128,569
128,569
70,261
Roconciliation of funds:
Total funds brought forward
Nel movement in funds
1.811.018
128,569
1.811.018
128,569
1, 740, 757
70,261
Total funds carrigd forward
1,939,587
1,939,587
1,811,018
The Ststemenl of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 10 16 form part of these financial slatemenls.
Page 6

THE CASCIA TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Investments
1,916,355
1, 750, 343
1.916.355
1, 750, 743
Current assets
Debtors
Cash al bank and in hand
10
25,000
39,619
25.802
25,802
64,619
Creditors.. amounts falling due within one
year
12,570)
(3, 744)
Net current assets
23.232
60,875
Total net assets
1,939,587
1,811,018
Charity funds
Unrestricted funds
12
1.939,587
1,811,018
Total funds
1,939,587
1,811,018
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Stephen Rosefield
Trustee
Dale.. 2811012024
The notes on pages 8 10 16 form part of these financial slatemenls.
Page 7

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
1.1 Basis of preparation of financial ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Cascia Trust meets the definition of a PLJblic benefit entity under FRS 102. Assets and liabilities
are Initially recognised al historical cost or transaction value unless otherwise slated in the relevant
accounb.ng policy.
1.2 Going concern
The Charity has minimal fixed costs, with the main source of expenditure being grants made to
institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a
healthy cash balance al the year end. The Trustees therefore feel it is appropriate lo prepare the
financial statements on a going concern basis.
1.3 Income
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amoLJnt of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended dLJring the period is shown in the relevant
funds on the Balan￿ sheet. Where income is received In advance of entitlement of receipt, ils
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
beft)re income is received, the income is accrLJed.
Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for ils
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on direcUy undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
Page 8

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
1.4 Expenditure {continued)
All expenditure is inclusive of irrecoverable VAT.
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.6 Investments
Fixed asset investments are a form of financial instrument and are inilialty recognised al their
transaction cost and subsequently measured al fair value al the Balan￿ sheet date, unless the value
cannot be measured reliably in which case it is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on
investments, in the Statement of financial aclivilies.
1.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.9 Liabilities
Liabilities are recognised when there is an obligation al the Balan￿ sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the selllement can be eslimaled reliably.
Liabilities are recognised at the amount that the Charity anlicipales il will pay lo sellle the debt or the
amount il has re￿iVed as advanced payments for the goods or services it musl provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their selllemenl value with the ex￿ptIOn of bank loans which are subsequently
measured al amortised cost using the effective interest method.
1.11 Fund accounting
General fvnds are unreslricled fvnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fvnd.
Page 9

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donations
Unrestricted
funds
2023
Total
funds
2023
Donations
Gift aid
20,000
5,000
20,000
5,000
25,000
25,000
Unrestricted
funds
2022
Total
funds
2022
Donations
200,000
50,000
200,000
50,000
Gift aid
250,000
250,000
Investment income
Unrestricted
funds
2023
Total
funds
2023
Income from investment portfolio
36,910
36,910
Unrestricted
funds
2022
Total
funds
2022
Income from investment portfolio
26,335
26,335
Page 10

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment management costs
Unrestricted
funds
2023
Total
funds
2023
Investment management fees
18,058
18,058
un￿stricted
funds
2022
Total
funds
2022
Investment management fees
12,677
12,677
Analysis of grants
Grants to
Institutions
2023
Total
funds
2023
Supporting good causes
60,500
60,500
Grants to
Institutions
2022
Total
funds
2022
Supporting good causes
77, 700
77, 700
Page11

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of grants Icontinuedl
The Charity has made the following material grants to institutions during the year..
2023
2022
Name of Instltutlon
Norwood
Jewish Care
Masorti Judaism
Glyndeboume
Nightingale Hammerson
Crisis
New Israel Fund
3,000
70,000
2,000
2,000
4.000
2,000
10.000
2,000
2.000
2,000
5,000
World Jewish Relief
Trussel Trust
CST
St Edmund Hall
The New London Synagogue
Magen David Adom
8,500
5.500
2,500
5,000
11,500
5,000
11,250
2.500
39.750
56,000
Other grants < £2,000 in aggregate
20,750
21,700
60,500
77. 700
Analysis of expenditure by activities
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Supporting good causes
60,500
2,570
63,070
Page 12

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities Icontinuedl
Grant
funding ol
activities
2022
Support
Gosts
2022
Total
funds
2022
Supporting good causes
77,700
2,604
80,304
Analysis of support costs
Supporting
good
causes
2023
Total
funds
2023
Governance costs
2,570
2,570
Governance costs are comprised entirely of the Independent examination fee for the year
Supporting
good causes
2022
Total
funds
2022
Accountancy costs
Governance costs
300
2,304
300
2,304
2,604
2,604
Governance costs were comprised entirely of the Independent examination fee for the year
Independent examlner's remuneratlon
2023
2022
Fees payable lo the Charity's independent examiner for the preparation and
Independent examinabon of the Charity's annual accounts
2.570
2.304
Page 13

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2022- £NIL).
During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £NILJ.
Fixed asset investments
Cash held in
investment
portfolio
Listed
investments
Total
Cost or valuatlon
At 1 January 2023
Additions
Disposals
Revaluations
1,676,367
1.303.053
11.269.765}
147,787
73,776
11,354.9111
1,340.048
1,750,143
151.8581
70,283
147,787
At 31 December 2023
1,857,442
58,913
1,916,355
Net book value
At 31 December 2023
1,857,442
58,913
1,916,355
At 31 De￿rnber 2022
1,676.367
73.776
1.750.143
10. Debtors
2023
2022
Due within ong yoar
Gift Aid debtor
25,000
25,000
11.
Creditors: Amounts falling due within one year
2023
2022
Accruals
2,570
3, 744
Page 14

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Statement of funds
statement of funds - current year
Balance at
31
Gainsl December
(Losses)
2023
Balance at 1
January
2023
Income Expenditure
Unrestricted funds
General Funds - all funds
1.811,018
61.910
181.1281
147.787
1.939,587
Statement of funds - prior year
Balan￿ 8t
31
December
2022
Balan￿ at
l January
2022
Gains/
(Losses)
Income Expenditure
Unrestricted funds
General Funds - all fvnds
7, 740, 757
276.335
(92,981) (113,093)
7,871,018
13.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
1,916,355
25,802
12,5701
1.916,355
25,802
12,5701
Total
1,939,587
1.939,587
Page 15

THE CASCIA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Analysis of net assets between funds {continuedl
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
Total
funds
2022
Fixed asset investments
1,750,143
64,619
(3, 744)
1, 750, 143
64,619
(3, 744)
Current assets
Creditors due within one year
Totsl
1,811,018
1,811,018
14. Related party transactlons
During the year the charity received £25,000 12022 £250,000) of donations, including Gift Aid, from
Stephen Rosefield, a trustee. These funds were received without restrictions.
Page 16