# 



## 

## 

|||Page|
|---|---|---|
|Trustees report||1-3|
|Statement ofTrustees|responsibilities||
|Independent<br>auditor's|report|5-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Notes to the financial|statements|11-16|





## 

## 

|The Kadin Brass Memorial|The Kadin Brass Memorial|Fund was established|Fund was established|under the Will|dated|19November 2019ofthe late|19November 2019ofthe late|19November 2019ofthe late|
|---|---|---|---|---|---|---|---|---|
|Karin Maria Brass and is||registered|with the Charity Commission||under|No. 1194755.|||
|SeNor||||The late Karin|Maria Brass||||
|Trustees||||Miss JS Portrait OBE|||||
|||||Mr PL Hunkin|DL||||
|Charity number||||1194756|||||
|Registered office||||BDBPitmans|LLP||||
|||||One Bartholomew<br>Close|||||
|||||London|||||
|||||EC1A7BL|||||
|Administrator||||Miss Sarah Hovil|||||
|Co-opted||||Mrs Nicole Eastmond||(volunteer)|||
|Auditor||||WBV Limited|||||
|||||The Third Floor|||||
|||||Langdon<br>House, Langdon|||Road||
|||||SA1 Swansea|Waterfront||||
|||||Swansea|||||
|||||Wales|||||
|||||SA1 8QY|||||
|Solicitors||||Portrait Solicitors (up||to 31 July 2022)|||
|||||21 Whitefriars|Street||||
|||||London|||||
|||||EC4Y8JJ|||||
|||||BDBPitmans|LI P (from||1 August 2022)||
|||||One Bartholomew<br>Close|||||
|||||London|||||
|||||EC4Y7BL|||||
|||||Sarah Hovill|||||
|Investment|advisors|||Close Brothers Group pic|||||
|||||10Crown Place|||||
|||||London|||||
|||||EC2A4FT|||||
|Investment|powers|||The Will empowers||the|Trustees to appoint|investment|
|||||advisers who|have discretion to invest the funds within||||
|||||guidelines<br>established||by the Trustees.|||





## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 



## 



## 

## 

## 

|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|5||
|Income from:||||||
|Investment<br>income|||3|195,551|21,825|
|~ECht||||||
|Charitable<br>activities|||4|100,000|95,000|
|Investment<br>management<br>Legal and accountancy||fees<br>fees|7|48,741<br>40,836|2,083<br>18,479|
|Total expenditure||||189,577|115,562|
|Net gains/(losses)|on investments||8|2,907,020|104,318|
|Net movement<br>in|funds|||2,912,994|10,581|
|Fund balances at 6April||2022||8,177,748|7,290,648|
|Fund balances at|5April 2023|||11,090,742|7,301,229|





## 

## 

## 

||||2023|2022||
|---|---|---|---|---|---|
|||Notes|8|8||
|Fixed assets||||||
|Investments||10|11,025,620||7,306,929|
|Current assets||||||
|Cash at bank and in|hand||71,422|||
|Creditors: amounts<br>one year|falling due within||(6,300)|(5,700)||
|Net current assets/(liabilities)|||65,122||(5,700)|
|Total assets less current liabilities|||11,090,742||7,301,229|
|Charity funds||||||
|()0(98trri~e<br>fggtls<br>General unrestricted|funds||2,923,575|10,581||
|Endowment<br>funds||12|8,167,167|7,290,648||
||||11,090,742||7,301,229|
||||11,090,742||7,301,229|





## 

## 

## 



## 

## 

## 

## 

|Income|from investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||8|8|
|Income|from listed investments|176,605|21,558|
|Interest|receivable|18,946|267|
|||195,551|21,825|



## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||8|8|
|Neath Port Talbot Cancer Challenge||||50,000||
|Sal's Shoes||||10,000|25,000|
|Ty Olwen Trust Fund|||||25,000|
|Royal Opera <br>DEC Ukraine|House Covent Garden<br>Humanitarian<br>Appeal||Foundation||25,000<br>20,000|
|Addenbrooke's|Hospital Trust|||20,000||
|Save the Children<br>Fund||||10,000||
|Support Dogs||||10,000||
|||||100,000|95,000|





## 

## 

## 

## 

|2023|2022|
|---|---|
|Number|Number|



## 

|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Legal|fees|34,836|12,779|
|Audit|fees|6,000|5,700|
|||40,836|18,479|



## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|Gains/(losses)||arising on:|6|5|
|Revaluation|of|investments|2,907,020|104,318|





## 

## 

## 

|Fixed ass|et investments||||
|---|---|---|---|---|
|||Listed|Cash in|Total|
|||investments|portfolio||
|||6|||
|Cost orvaluation|||||
|At 6April 2022||7,150,619|156,310|7,306,929|
|Additions||986,776|(986,776)||
|Valuation|changes|2,907,020||2,907,020|
|Investment|income less other fees||27,922|27,922|
|New funds introduced|||783,749|783,749|
|Disposals||(163,083)|163,083||
|At 5April 2023||10,881,332|144,288|11,025,620|
|Carrying|amount||||
|At 05April|2023|10,881,332|144,288|11,025,620|



|H Lobstein 1961 Settlement|2204,798|
|---|---|
|HJH Ress Will Trust|~65789<br>f783,749|



## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Accruals|and|deferred|income|6,300|5,700|





## 

## 

## 

|||Balance at|incomlna|Balance at|
|---|---|---|---|---|
|||6April 2622|resources|6April 2626|
|||f.||6|
|Endowments|||||
|H Lobstein<br>HJH Rees <br>H Lobstein|Will Trust<br> Will Trust<br> 1961Settlement|1,299,335<br>3,154,998<br>923,887|705<br>670,048<br>204,811|1 300,040<br>3,825 046<br>1,128,698|
|H Lobstein|Fixed Trust|1,912,428|955|1,913,383|
|||7,290,648|876,519|8,167,167|



## 

|designated<br>funds which hav|e been set aside out o|funrestricted<br>fu|nds<br>by the trust|ees for specific|purposes.|
|---|---|---|---|---|---|
||At 6April<br>2622|Incoming<br>resources<br>8|Resources<br>expendedf|Gains and<br>losses<br>6|At 5Apdil<br>2023<br>6|
|General funds|10,581|195,551|(189,577)|2,907,020|2,923,575|
|Endowment<br>funds|7,290,648|876,519|||8,167,167|
||7,301,229|1,072,070|(189,577)|2,907,020|11,090,742|
|Previous year:|At 6April<br>2621<br>6|Incoming<br>resources<br>8|Resources<br>expendedf|Gains and<br>losses<br>6|At 5April<br>2022|
|General funds||21,825|(115,562)|104,318|10,581|
|Endowment<br>funds|7,290,648||||7,290,648|
||7,290,648|21,825|(115,562)|104,318|7,301,229|





## 

##