THE HUMANITARIAN TRUST Report of the Trustees and Unaudited Flnanclal Statements Year Ended 5 April 2024 Charity No.. 208575
THE HUMANtfARIAN TRUST {Charlty number 5?51 Report and Unaudlted Hnanclal Ststsments for the year ended S April 2tr24 Contents Page: Le8al and admlnlstratlve Infomm
5 Report of the Trustees Report of the Independent Examlner Statement of flnandal actlvltles Balance sheet 9kn14 Notes formlng part of the find{11 statements
THE HUMANrrARIAN TIIUSf (Charlty number XA575) Report and Unaudited Financial Staten*nts for the year ended 5 Aprll 2024 Legal and adminlstratlve Information Trustees: Jacques Samuel Charles Gunsbourg Pierre Francls Halban Emmanuelle Gunsbourg-Kasavi Alexander Halban AdnnIstrator.' Prism the Gift Fund 20 Gloucester Place London WIU 8HA Bankers: Uoyds Bank IOS-109 Station Road Edgware HP8 7JL Independent Examlner.. Sarah Twlst FCA DChA A C Mole LLP Chartered Accountants Stafford House Blatkbrook Park Avenue Taunton. Somerset TAI 2PX Investment Managers: Cazenove Capltal l London Wall Place London EC2Y SAU ReStered Charity Number: 208575
THE HUPaANITARIAN TRUST {Charity number 208575) Report and Unaudited financial Statements for the year ended 5 Aprfl 2024 Report of the Trustees The Trustees present their annual port along with the financlal statements of The Humanitarian Trust I'the Charity,, 'The Trust") forthe year ended 5 Aprll 2024. The Tru5tee5 confirm that the flnancial statements have been prepared In accordance with the accounting pollcies set out in the notes to the accounts and comply with the Charity'5 governin8 document. the Charitie5 Art 2011 and Accounting and Reportin8 by Charlties.. Statement of Recommended Prdctlce appllcable to charitles preparing thelr accounts in accordance wth the Flnancial Reporting Standard appllcable In the UK and Republic of Ireland publlshed on I January 2019. Constltutlon and objects The Humanitarlan Trust Is constltuted under declaratlon of trust dated 16 July 1946 by Mlchael PolaK Vladimlr Idelson and Matwei GUn$bou It Is a re8iStered charity (No. 208575}. The objects of the Charity are for the Trustees to apply the Trust Fund and the Income thereof to or towar(ts or for the benetit or in furtherance of such charitable purposes or charltable Institutlons as the Trustees shall in thelr absolute discretlon thlnk flt. Organ15atlon The Trustee5 who have served durlng the year. and slnce the year-end, are set out on page 2. The Charity has no employee5. The Trustees are selerted for thelr experlence and expertise. Experlenced Trustees support new Trustees. The Trust Deed allow5 the appointment of additlonal Trustees up to a maxlmum of 7 people. Trustee5 meet twlce a year to award donations. review the Investment portfolio, and to dlscuss the administratlon of the Trust. The Trustees have appointed an administrjtor to manage the day-to-day operations of the Trust. Grant maklng pollcy The Trustees do not attept any unsollclted appllcatlons from charitles due to the ongoing relatlonshlp that it has Wlth a number of organlsations which fulfil its charltable objectives. However. the Trust occaslonally invttes charities to send in applicatlons for consideration at Board meeting5. Flnandal revlew and Investment polky Durlng the year, the Charfty had income of £236.78912023: £235.5711 and theTrustees made donations of £270.910 12023: £297.8201. The Trustees hope to malntaln the same level of donatyon5 made by the Charity In the near future. The Trustees have funds under management with Cazenove Capital who operate the investrnent Strategy on behalf of the Trustees. Funds at fair value at 5 April 2024 were £5,519,89712023: £5,332.560). Total reserves at 5 April 2024 were £5.475,59312023- £5,239,493),
THE HUWkNrrARIAN TRIIST (Charity number 208575) Report and Unaudited Flnanclal Statements forthe year ended 5 Aprll 2024 Report of the Trustees (continued) The Trustees hold investments which generate suffKiÈnt Income to meet the tharltable obiertives of the Charity. Reserves pollcy The intention of the Trustees is to retain the long-tem) investment5. The investments produce Income to cover the grants recommended by the Trustees and the related support costs. Cash reserves are maintalned in order to meet forthcoming commitments. Rlsk mana8ement The Trustees have reviewed the major risks to whlch the Charity Is exposed, partltularfy those relatin8 to the operatlons and finances of the Trust. The Trustees have 8iven consideration to the appropriate poliues, procedure5 and systems to mitigate the Charity's exposure to those risks. Investment pollcy There are no restrictions on the Tru5tee5 power to Invest. The investment Strategy Is set by the Trustees and takes account of the demand for funds and the quallty of the fundin8 applications. The Trustees consider the income requlrements, the rlsk profile, and then the Investment managers, vlew of the market prospects In the medlum- term. The strategy Is set withln an overall pollcy, whlch states that the funds be Invested In low and medium rlsk investments wlth a vlew to ensuring that capital appreciation of the fund exceeds Inflatlon. The unrestricted fund may be Invested In any type of Investment. Publ1¢ Benefft The trustees confimi that they have complled wlth the requlrements of settton 17 of the Charltles Act 2011 to have due regard to the public benefit guldance publlshÈd by the Charsty Commisslon for England and Wales.
THE HUMANITARIAN TRusf Icharlty number 208575) Report and Unaudited Flnancial Statements for the year ended 5 Aprll 2024 Report of the Trustses (continued) Trustees, re5ponsiblllties In relation to the financial Statements The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accountlng Stsndards includlng Financial Reportlng Standard 102: The Financial Reportin8 Stsndard appliable in the UK and Republlc of Ireland Iunited fingdom Generally ACpted Accountlng Practice). The law appllcable to charltles in England & Wales requires the trustees to prepare flnancial statements for each financial year whlch glve a true and falr vlew of the state of affalrs of the charlty and of the Income and expenditure of the charity for that period. In preparing these financial statement5, the trustees are required to: select sultable accounting policies and then apply them consistentlv; observe the methods and princlples In the Charltle5 SORP: make Judgements and accounting estlmates that are reasonable and prudent,. State whether applicable accounting standards have been followed subject to any materlal departures disdosed and explalned In the financial statements. and prepare the flnancial statement5 on the goin8 ¢oncem basis unle55 it Is inapproprlate to presume that the Charlty will continue in business. The Trustees are responslble for malntainlng proper actountlng records which disclose wlth reasonable accuracy at any tlme the flnancial position of the charity and enable them to ensure that the financial statements comply with the Charltles Act 2011, the Charity (Accounts and Report51 Regulatlons 2LK18 and the provisions of the trust deed. They are also responslble for safeguarding the assets of the tharlty and hence for taking reasonable steps for the preventlon and detertlon of fraud and other irre8ularitSes. The trustees are responsible for the maintenantr and integrity of the charlty and flnanclal information Included on the charl15 website. Le8i51ation in the United Klngdon governin8 the preparation and dlsseminatlon of financlal statements may differ from legislation in other Jurlsdiction& Approved by the Trussees and signed on their behalf by. Pietre*athan Trustee Date: 'Il 2oZS
THE HUMANITARIAN TRUST {Chartty number 208575) Report and Unaudlted Flnandal Statsn*nts lor the year ended 5 April 2024 Report of the Independent Examlner I report to the Trustees on my examination of the accounts of The Humanltarlan Trust for the vear ended 5 April 2024, which are set out on pa8es 7 to 14. Respectlve responslbllftles of tntstees and examlner As the tharlty Trustees of the Trust you are responsible for the preparatlon of the a¢count5 in accordance wlth the requirements of the Charities Art 20111.the ACVI. I report In respect of my examlnation of the Trusvs accounts carried out under sertion 145 of the 2011 Act and In orrying out my examlnation I have followed all the applicable Dlrections glven by the Charlty Cornmlsslon under sectlon 145(51(bl of the 2011 Act. Independenl examlner'$ statement I have completed my examlnation. I confirm that rK• material rnatters have come to my attention in connertion wlth the examlnation givin8 me Cause to believe that In any materlal respect: 111 accountin8 records were not kept In respect of the Trust as required by section 130 of the Act.. or {21 the accounts do not accord with those records; or {31 the accounts do not comply with the applitable requiremènts concernin8 the fomi and content of accountsset out in the Charities (Accounts and Reports) Regulatlons 2008 other than any reoulrement that the accounts give a 'true and fair vlew, which is not a matter consldered as part of an Independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Sarah Twist FCA DChA A C Mole LLP Chartered Accountsnts Stafford House Blackbrook Park Avenue Taunton 5omerset TAI 2PX Date:
THE HuMANARIAN TRUST (Charlty number 208575) Report and Unaudited Hnancial Statemeats for the year ended S Aprfl 2024 Statement of Flnanclal Artivlties for the year ended 5 Aprll 2024 2024 2023 Income Investment income Total Income 236.789 235,571 Expendlture Ralsln8 Funds Investment management costs 14,933 14,552 Charltable activltle5 3LX),339 326,480 Totsl expendfture Net exyndlture behre 8alns and losses on Investments Net gainslllossesl on investments 47 446 Net movement In funds 236.100 (576.907) Funds brou8ht forward 5 239 493 Furtds carrled forward 75 All funds are unrestrlcted.
THE HUMANITARIAN TRUST {Charfty number 2085751 Report and Unaudlted Flnandal Ststements for the year ended 5 Aprfl 2024 Balance Sheet as at 5 April 2024 Ni)tes 2024 2023 Hxed assets Investments 5,519,897 5,332,560 Current assets Prepayments 65 Cash at bank and in hand 45.834 65,373 Creditors: amounts falllfw due wtthln one year Net current liabilities 144,3041 148,0671 Credltors,. amounts fallin8 due in more than one year 45 475 593 Total net assets Unrestrkted Funds 39 These Financial Statements were approved by the Trustees on behalf by: 2 S and slgned on their Plerre Hal
THE HUMANITARIAN TRUST (Charfty number 21575} Report and Unaudited Flnanclal Statements for the year ended 5Aprfl 2024 Notes to the Financial Statements Prlnclpal accountlni polkles lal 'Accountln8 convention The financial Statements have been prepared under the h55torical cost conventlon with items recognlsed at C05t or transactlon value unless stated otheTwlse withln these notes. The financial statements have been prepared In accordance with Accountlng and Reportlng by Charities: Statement of Recommended Pract& applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 1021 Ilssued Ortober 20191- ICharitle5 SORP IFRS 102Jl, the Flnanclal Reportlng Standard applicable In the Unlted Kln8dom and Republic of Ireland (FR5102). and the Charities Act 2011. The Humanltsrlan Trust meets the definltlon of a publlc beneflt entlty under FRS 102. The accounts are prepared on 8 going concern basls. The trustee5 consider that there are no material uncertainties about the charity's ablllty to tontinue as a going concern. The presentatlon currency of the financlal ststernents Isthe Pound Sterlin8 (£1. Amounts are rounded to the nearest £. (bl Investment Income Investrnent Income Is accounted for In the period In which the Charlty Is entitled to recelpt. (cl Expendlture All expendlture is recognlsed once there Is a legal OF constructive obll8atlon to that expenditure. it is probable settlement Is required and the amount can be MeaSud reliably. All costs are allocated to the applicable expenditure headin8 that a88regate similar costs to that category. Where costs cannot be directly attrlbuted to particular headlngs they have been allocated on a basis conststent with the use of resources. All resources expended are Inclusive of irrttoverable VAT. {dl Charitable athities Charitable expendlture comprlses those costs Incurred by the charity in the delivery of its activitles and serv15 for its beneficiories. It includes both costs that can be allocated directly to such as grants paid and those costs of an indirect nature necessary to support them. (e} Ralsing funds These a costs incurred In attfacting voluntary income and the management of investments.
THE HUMANrrARIAN TRUST (Charlty number 208575) Report and Unaudited Anala1 Statements for the year ended 5 Apfll 2024 Notes to the Flnancial Statements (continued) (n Grants Provislons for grants are made vthen the intentlon to make a 8rant has been communicated to the recipient. Flxed asset Investments Listed investments Listed investment5 are a form of baslc flnancial instrument and are Initially recognlsed at their transaction value and subsequently measured at fair value usin8 the c105ing quoted market price. Quoted Investrnents are stated at thelr fair value at 31 March which is used to approxlmate to the balance sheet date. Reallsed gains and losses All gains and losses are taken to the Statement of Financlal A¢tlvltles as they arise. Realised galns and losses on investments are calculated as the difference between sales proceeds and thelr openlng carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised 8alns and losses are calculated as the dlfference between the fair value at the period end and thelr carryin8 value. Realised and unreali5ed investment gaifis and losses are comblned in the Statement of Financial Activities. Ihl Cash and cash equlvalents Cash and cash equivalents comprlse cash on hand and call deposits, and other short- term highly liquid investrnents that are readlly convertlble to a known amount of cash and are subject to an insignificant risk ot change in value. Funds stnKiure All funds are unrestricted. The Funds are expendable at the dlscretion of the Trustee5 in furtherance of the objects of the Charity. (il Taxatlon The charity Is a registered charlty and Is. therefore, exempt from Ilablllty to taxatkin on Its Income and capital 8alns, to the extent that they are applied for charitable purposes. Ikl Flnanclal instruments The charlty only enters into basic financial instruments that result in the recognitlon of financial assets and liabilitie5 such as trade and other debtors and creditors together with loans to related parties. Debt instruments, such 35 trade debtor5 and credltor5, are Inltially measured at transaction prrce and subsequently measured at amorti5ed cost. Financial assets are assessed at the end of each reportlng perlod for objective evidence of Impairment. If objective evidence of impairment is found, an impaim)ent loss Is recognlsed in the income statemenL
THE HiIMANITARIAN TRUST Icharity nufflber 208575) Report and Unaudited Flnancial Statements for the year ended 5 April 2024 Notes to the Financial Statements (continued) Critial Accountlng EstlnHtes and Judgements The preparation of the financial 5tstements in conformlty with FRS 102 requires management to make Judgements, estimates and assumptions that affect the appllcatlon of pollcies and reported amounts of assets and liabilities, income. and expenses. Estlmates and jud8ements are contlnually evaluated and are based on hlstorlcal experience and other factors, including expectations of future events that are believed to be reasonable under the clrcumstances. The company make5 estimates and assumptlons concerning the future. The resultlng accountlng estimates wlll. by definition, seldom equal the related actual results. The Trustee5 consider that there are no critical accounting estimates and Judgements that have a Significant risk of caus+ng a material adjustment to the carrying amounts of assets and Ilabilltles within the next financial year. 2023 Investment Income Dlyidends recelvable from Ilsted investments 236,329 235,487 Interest recelvable from investment 324 Interest receivable on bank deposlts li
THE HUMANITARIAN TRusf {Charity number 2085751 Report and Unaudited Financial Statements for the year ended 5 Aprfl 2024 Notes to the Flnanclal Statements (continued) Expendfture on cknritable actlvftles AdeMI¢ and Educatlonal 20Z4 2023 ORT UK Birkbeck College Frlends of Hebrew Unlverslty of Jerusalem Leo Baeck Educatlonal Centre HEr Rene Cassln CCIO The Woolf Institute of Abrahamlc Faiths Oxford Development Trust Yachad LanBdon Studentships Total A¢ademk and Educatjonal 20,000 I2,[Kl 60.000 12,000 35,CU> 20,(KJ) iO,O(M) iO,CK)O 45.C 4,5CM) 4,5fKI 13,0 11,000 320 Medleal and Charftable Ohel Sarah, Institute for the Special Chlld Total Medl¢al and Charltab Sodal Seivlce Institute for Jewlsh Pollcy Research Jerusalem Foundatlon Jewlsh Council for Raclal Equallty Jcore New Israel Fund Norwood Ravenswood Nightin8ale Hammerson Stand wtth Us World Jewish Relief ~ Ukraine Crfsis Response Solutions Not Sldes Latet Jewish Women's Ald Hope Not Hate Total Sodal Ser¥ke 2Q.O 35.Ixrf) 15,CNxi 30,CKK) 7.500 15,OLX) 15,0 15.lJJO Is,0 io,c 15.(KL) rotal LJ(matlons 270 910 22LLO 12
THE HUMANITARIAN TRUST (Charlty number 208575) Report and Unaudited Flnandal Ststements for the year ended 5 Aprtl 2024 Notes to the Financial Statements (contlnued) Expendlture on tharllable acilvitle51¢ontinued) Support Costs Total Charltable Exwiditure Included in the charltable expendlture are 5UPPOrt Costs as follows: 2024 Admlnlstratlon fee to Prism Accountancy Independent Examlner fee Legal fees Office costs Bank charges Total 22,263 4,ICQ 2,610 35 337 17,700 5,750 4.750 35 341 84 No Trustees re]Ved remuneration or We relrnbursed for expenses in the current or precedin8 year. Taxatlon The Trust Is a registered charity and Is exempt from Ilablllty to taxatlon on Its Income and capltal 8alns, to the extent that suth Income or 8ains are applled eXclusre1Y to charltable purposes. 2024 2023 quoted In¥estm Market value at 6 Aprll Z023 5.332.527 5.883,973 Disposals 1408,326) 180,000} Revaluation Market walue at 5 April 2024 (Note) Cash held within the investment portfollo At 5 Aprll 2024 Investments atlair Yalue comprlsed: Schroder Charity Multi-Asset Fund HSBC Sterling ESQ Liquidly Fund 5.231,588 5.332.527 (Note> The valuatlon of Investments Is based on the 31 March valuation provided by the Srwestment broker. In accordan¢e with the accounting policy. thi5 valuation has been used to approximate the value atthe yearend.
THE HUMANrrARIAN TRUST {Charity number 208575) Report and Unaudlted Hnanual Statements for the year ended S Aprll 2024 Note5 to the Flnancial Statements (continued) 2023 Credltors: amounts fallln8 due wlthln one year Other creditors 80,250 103,5 Accruals and deferred Income 2024 2023 Credltors: amounts falllng due after more than one year Other creditors 8 Movement In fund5 Capftal Account Income Account Total Balance at 6 April 2023 Income Expendlture Transfer Investment galn Balan at 5 Aprll 2024 5,238,843 650 5,239.493 236.789 236.789 1315.2721 1315,272) 78.483 (78.4831 314,583 5.474.943 314,583 650 5.475,593 All funds are unrestrirted. 9 Related party tran5artlons Ort UK International Emmanuelle Gunsbourg-Kasavi a trustee of The Humanltarlan TrusL 15 also a commlttee member of Ort UK International. During the year donatlons totallin8 £20.0(X) were made to Ort UK Intemational (2023 £Nil). At the balance sheet date the amount due to/from Ort UK Internatlonal was £Nil12023: £Nill. 10 Staff numbers There are no employees {2023. Nontl. 14