Charfty R•glstrallon No. 210D36 FLORENCE COHEN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 31 December 2024 FLORENCE COHEN CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Sir Jonathan Jarne8 RNett-Cama¢ Sally Helen Grgènlees Guy Timothy Hollan¢>Bosworlh Sarah RNett-Camac Lly GrydC& Hollan&Bosworth Carollne Chandbgr (Appointed 11 June 20241 Charity numb•r 210036 Pvlnclp•l addrM8 ejo DSG Charttrred Aecauntants Ca8tle Chambers 43 Caslje Street Livewjol L2 9TL Ind•wndont •xamI￿r Anthony Bayliss 72 Walery)ark Road Prenlon CH43 ORS Sollcltors Brabners LLP Horton House Exthange Flags Uvgrpc¥)I L2 3YL Inv•5tment •dviyor* Rathbone Investment Manag&ment Limited Port of Liverpool Building Pier Head Liverpcol L3 1NW A¢¢ountants DSG Chartered A¢¢ourrtanls Casue Charnbers 43 Casue Street L￿erpoOl L2 9TL FLORENCE COHEN CHARITABLE TRUST CONTENTS P4e Trustees, rep¢*l Irthpandent èxarrnnerfs report Stsiemenl of financ4al aCt￿￿Oes Balance shèet Notes to the finanaal statements 8-14 FLORENCE COHEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trutslees presont thoir report and financial statemanls for th& Year ended 31 Doc8mb8r 2024. The aceounls have been prepared in ac¢ord8nce with the accounling Fdldgs sgt out In note 1 to the a￿OUnt¥ and r/)mply with the Charitys govèming document, the Charrties Ad 2011 and 'Accounthng and Reporting by charit￿$.. Statement of Recommgndad Practice applKable to chorilies preparfnp Iheir accounts in a(xordAnce with the Flnancial Reportin9 Stsndard applicable in the UK and Republ¢ of I￿knd {FRS 1021" (as amended foi accounting peTiod¥ wmmendng from 1 January 2016) Obleclve• •nd actlvltle8 Charltabl• obJ•¢ts The Trustees hold the fvnds on Iiust forthe folowing.. (al To pay or apply the incom& of the Tru$t •$ il aTises and may in lh￿r dl$(Trlon al any lime OT tirnes pay or appty the whole Or any part or parts of the capital thereof upon trust in or towards the furtherance of such eharitable purpose OT charitsble purposes and rf more than In su¢h p￿pOrtIonS and in such manngr in all respects as the Trustees shall from lime lo time think fft. (bl To provide rgh'af for agèd persons a5 the Trust88s shall from tlme to dete￿1￿8. (cl To pay or Iransfer the same to any chafitable inslNution or bctyjy Iwfiether incorpcffated or unincorF*)ratedl established for the relief of aged persons to ￿ appli811 by such institulion or body erfher for fis general purposes orfor $ome ￿p￿arIC chari&qbl8 purpose for the relief of agBd persons. Idl To purchase lands of any tenure and whether with OT without existing buildings thèrèc41 afKI lo erect, enlar9è, *r. decorate, fumish and 8quip any buildings forthe accornmodats'on of person$ art proper obfvcls ofsuch trust 8nd lo maintain and opgratg the same wrth all proper staff seThi¢g$ 8nd amenitses with power from tim• to lime lo de￿gate their powers ond dub.es or discretion h connection with th¥ management thereof. The Settlor gxpressed a wish, although it is not binding upon the Trustees. that they give preference to the relief tsl Di%lressed Genlwolk. who being male are over the age of 65 y¥4rs and female over the a99 of eo years and parlicularty to those of111 heath. The Trustees contlnue to hold Unrestricted Funds and so all fund5 are avalable to meet th& Charity's objeL*ves. The Truslfrgs are salisfied that the Ch9riV¥ a88ets ar8 availatle and adequate to fu￿1 its Cuirent objectNes, to mak8 donalicfis to individualy and charitsble ¢ygarri$atipns who apply to the Charty In wrlllNJ. AimB of charfty The aims ofthe Charity ar9 to appty, at the disuelion of Ihe TnBlee8. grants to the ctharitable object How achlevement of •lftM furlhern obledive* The Trustees achieve ther ¢h8ritabbe objeclives by maknng grants lo th¢ tharitab18 objects. Strat•91￿ for•¢hieving alms Tho Trustees, strategies lo achieve Ihglr akn8 contlnue to be one of essentiAlly gr¥nt making. Statsmfrnt of compllanee wlth Charfy Commlsslon guldanc• The Trustees have poid due regard to the Charity Commission's guid8n¢e on wbfic ben8fft in d￿ldIng the actIv￿eS undertaktrn by the ChaTity during th8 year. The Trustees are saligfied that the inforn)ation provided in the report and accounts mèets public benofrt rgportlng requliements. FLORENCE COHEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltabl• actlvltie# There ore no operatK>nal acknwtTes oth8r than Ihoso invotved kn tho operalh)n of the invo8tmenl portr01￿. Grnnt maklng poli¢y The Char6tsble Trust 15 mainly Involved in grant making In furtherance of the Charitys airns. Grants made dudng the year are recognised in the ￿￿O￿nts In the ￿riod for which Ih9y are Intended to be 47plSed and Irealed as due In lolal on the date pakl. A¢hhvemènts and perfonnanc• Revi•w ofth• Charitys a¢hi•v•m•nts The Tru$lees are happy that by applying thelr Interbjed tsyanls to varlous ¢haritsble objècts they hav8 b8¥n able to fvlfil thelr aims in proM¢Jing fvnding and support. Seveial donalKJn$ were made durlng tho year a8 detailgd In tho a¢xounts. Inv•4tmw)t p•rforman¢• Mo$1 of the Charity's captt81 13 Invested on the $lod( martgt. and throughout thg year the total return of tho portfolio fen wilhin the Trustee5 aczeptablg variancè of Ihe p8rfom8nce benthmark. Ongoing investmont advice is provided by the investment advisors in eonjunction wth Ihe Trustees. As 8t the 31 Doc•mber 2024. th8 y)rtfolo was Vak￿d * £3,632,414. This is in ¢oMpar￿n to the prevkJu$ year. trt al the 31 De¢ember 2023 p￿110 was valu8(l at £3,519,719. Flnanclal rnvl•w Th8 Charitable Trusvs overall fund balances for Ihe y98r total £3,703.367 compwed wlh £3.569,713 for 2023. After taklng into conswjeration to181 net incoming resouKes, recognised goins and losses during the year. commitments to charitable donathons and govemanc* ¢0818, there was an overall increase in the nel movemènt in fund8 of £133.654. comparèd to a increase of £30.562 for 2023. The Trustees have also r8viewed their gfant m8knng capability and wll. going fcfftyard. en8ur8 therè is suffic*nt Incomè year on year lo enable Iheir )InanuAI Comm￿ents lo bè met. The TnJ8teèB have delegated thè operalion of the inv8Stmgnt portfolo to the Investsnenl advisoTS who are r¥$ponsible for m991ing the Ch8rity5 Investrnent Objectives and w￿) are measured against thew b8nchmarL The Trustses conskler their inveslments as expeThJablè enth)wments, ￿ldIng a Telalively sowre arbd predictable stream of income from Wh￿ to make grants. The Tntstees aim lo distribute a large perc8ntage of the income. net of exFen$e8. in each financial year and the￿lore do not malnta"n In￿rne reserves a8 such. However, any unroalised gains and the Income levels on the imiestments held artr conlinualty i•w8wed by the Tnjslees at their rY*etings to ensur• th¥1 they have $uffi¢Tent fvnds lo m891 thglr oblective8. 11 is lh8 policy of the Charity that unreslri¢Xed funds whlch hav6 not teen designated for a speufic use should bg maintained at a ￿Ve1 equNaJent to between thre8 and six month'$ gxpendrtwe. The Trustees u)nsider that ra$ervg$ al this level will ensure that, In the event of a Signmcant drop in ftjnding, they will b& atr4è Ici continue the Charity'$ current acti￿lI&S whlè ¢onsideration Ss glven lo ways in which 8dditlonal funds may be raised. T￿$ level of ro$erwo has bèen maintsmied thrOU￿[rt the Year. FLORENCE COHEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Iwtt8im•nt Poll¢y The op8ralion of the Inv8stm8nt Portfolio has dgbggatgd lo the wiveslment a￿80T8 wlth whom there is discrelonary agreement. The investment advisors aro required lo avoid 8xposur¢ to investments whlth deemed to be un$uitable kn trb context ofthe TTuslees' ObJective8. when ¢onsidering the portfolio as a whol8. The investment advl8or8 VAII provide half yearly reports which wll indude a $latemenl conffiming adherence to this poli￿ sts1om¢nl or providing detsHs of exceptions togelher wmh explanalons. The report will also incI￿￿e Comparisrm ofthe portfdK* Tatum in rela1ion to the b￿nd￿a￿ Major deviatK)ns WHI 9xamlned aThJ explained. The b•nthmark upon whth the Investme￿ portlolb 1$ me88ured is thè laSCI PIMFA Balanced TR. As there are no spo¢ffi¢ restrfcllons of invest￿nI powers under the goveming deed. the T￿￿teaS have fvl dis¢yetion over tho inv8s1ments. Th Trustges have delegated RBthbon8 Investment Management Limited to have fijll discreltonary day lo day control of the inveslmenls. In accKJrdanc8 with the Trustee Act 2000, a5 this duty ha5 been delegated, the Trustees have In pla(* a Polw StatemgnL Also In accordance with the Trustee Act 20C(l. the Tru8lees ¢onlinue to regularfy rèview the policies. The Trustoès have re￿eWed currgnl pc4icies and do feel any arr￿dments are nec8$s8ry. A$sgls have been acquired and dl$p08ed of in a￿rdance vriih the powers availabk to th8 Tru3tees. Rl¥k managomont The Trustees have considered the major risks to which the Charity 1$ exposed and have established ¥yslpms and prO￿dUr&S to manage the58. This indudes the appointment ofaccounlants to prowde athce. a(xountsncy and secretarial $8Mcès.' investmenl advK%ors lo provide continuous ov¥rsight of the Tru51's investment portfolio: and the Trust￿$ themselves have agrged lo delegate certain fvnctions to those appropriate skllls to monitor th8 effective management of the Trust and the application of funds to fuffil their ¢*arttablg otr4"e¢li￿$. Th¢ Tru¥lees (xjnsider variabllty of investment retums to (x)n8tilute the Charit￿$ ma￿r￿nan08l ri8k and have pul the investment pofKy in pl8¢e to manage that risk. The Trustees recognis• th* ri$k associatad wilh investment in mainstream ffinanclal markets and aWth18 rlsk in retum for the prospect of additional retums over longer p*iods of time. Th•y vdsh lo moderato the r*k of dewalion of retums relati￿ to the th0sgn benchmark. p￿Tr$ forlh• fu￿re The Trustees continue to c4Jnsklerwrbtten applications lor funding from individuals aThJ ¢hafitab organisabons. They hold Unr8slrfolgd Funds and 50 Bll funds are available to meet the Charrty's otledives and are $81i8fied that the Charivs assets are available and adaquate lo fulfil ils current oblgcllves which will c£Jnlinue forthe fortr8eaalAe future, Structure. governanc• and managèment N•tur• of governlng docwn•nt The Ch8rity was establishad ty a ¢haritab52 trust d8gd on 18 Wil 1960 by FI)ren￿ Cohen. The Trusteos who served during the Year 4nd up to the date of signature of th8 finawal Statemènts wer¢: Sir Jonathan James Riv8tt-Camao Salty Hglgn Greenlees Loudon lan Greenle9S Guy Timothy Holland-Boswoth Sarah Rwett-Cama¢ LSIY Grace Holl8nd-Boswobth (ResvJned 11 June 20241 FLORENCE COHEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Caroline Chandler IApwJirted 11 Ju)0 2024) R•¢ruitin•nt and appolnlm•nt of tru•ttt• The Charity's goveming body are the Tru3tee3 and new T￿￿18￿$ are •knter funds The Trustees are $alsf*d there are 8uffietent assets to mèet the Ch•ritls obligalion The Trustee5' ortwas approv•d by the Board of Tru$tO9S. Slr Jonathan Jam•y Rlvett4arnac Trustee FLORENCE COHEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLORENCE COHEN CHARITABLE TRUST I report to the Trustees on my examination of the fin8na81 stateTr￿nts of FLORENCE COHEN CHARITABLE TRUST1tho Charity) for Ihe Yoar endad 31 December 2024. R•¥pOn¥lb511tl￿ and ba¥l$ ol r•port As the Trustees of the Charity you are respon$lble for the prepara￿n of the financial statsments in aC￿rdance th tho iequirefflenls of th8 Charib8$ Act 2011 (the 2D11 AGt). I report in respect of my examlnation of the Chori￿s finandal sfatemenls carried out under section 145 of ihe 2011 Act. In carrying out my examinauon I havé folbwed 811 the applicable Dire¢Jons given by the Charity Commission under sectoon 145{51(bl of th• 2011 Act. Imd¢pendent •xamin•rfs statom•nt Your attention 1$ drawn to the fact that thé ¢harlty h88 prepared finan￿81 statements in accordance with Accxjunting and Reportong by Charitiès preparing their accounts in accordance with the FinancAal Reporllng staiKlard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Acxounling and Rèporbng by CharTbes'. Slalemenl of Recommended Praclice Issugd on 1 April 2005 which is referred to In the exlant r6gulalion8 bul ha$ now been wllhdrawn. l understsnd that this has been done in ord8r for finanual stst•w￿ntS to prowde a trug and fall view a¢cord8nce vAth Goner81tyAccepted Accountin9 Pra¢li￿ ¢ffedve for reporting periods beginning on or after 1 January 2015. I havg wnpleted my examination. I I￿￿11￿￿ that no matter8 have come to my attentlon In connec*on with lh• examination givinu me caus& to bali8W that in any material respect: accountin9 records wtrrtr not kept in re$p9¢t of the Charity 08 wuirad by section 130 01 the 2011 Acl: or the financial st41emgnts do not accord wlh those record8.' or Ihg financial statements do not compty wbth the applieable requirement$ ¢onc*rning the form and eontenl ol a¢¢ounts sel out in tha Charitiè$ IA¢counls and Raport$l Regulauons 2008 other than any requirement that the a¢counts give a true and fair ￿eW whlch Is not a matter considered as part of an Inde￿nd*nt •xaminalion. I have no concems and have come across no other matters In ￿nneCtIOn with the examination lo which attention should bo drawn in this report in order lo gnable a proper urthr5tanding of thg finandal stat￿nènts to be reached. Anthony Bayliss 72 Walerpark Road Prenton CH43 ORS FLORENCE COHEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•strl¢ted Unrestrict•d funds funds r•v•nu• capit*l Tot41 2024 Total 2023 Income lrnm". Inve$trnents 114,908 114,908 117,271 Ex ndlthr• on: Raising funds 28,563 26.563 25,418 Charttable activities 104,826 12.188 117.014 125.617 Other Total resour￿ expgnded 104,827 38.751 143.578 151,033 Net gakns on Investments 10 162.324 162.324 64.324 N•t mov•nMnt In funds 10.081 123,573 133,654 30,582 Fund balances at 1 January 2024 1,934 3.567.779 3,569,713 3.539.151 Fund b•tsnces at 31 O￿l￿ber 2024 12.015 3,691,352 3.703.367 3,569,713 The $t8tsment of finanual a¢thviti8s indudes all galns 8NJ losses recognised in Ihe Year. All income ond expenditure delive from ￿n{inU1￿j actMIi8S. FLORENCE COHEN CHARITABLE TRUST BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Rxed *•$tts Investments Currènt au•t¥ Debtors CAsh al and in hand 11 3,632,414 3,519,719 12 1,728 Tl.259 57231 78.987 57,231 Cvedltovs: amounts falllng du• within ono y•ar 13 (8.034) 17,237) Net current assets 70.953 49,994 Tot¥1 a¥¥ets 1•55 currnnt Ilablliti•¥ 3.703.367 3.569.713 Income funds Unresliicaed lunds- capital Unrestricted funds- revenue 3,691.352 12.015 3.567.779 1.934 3.703,367 3,589.713 Tho atxounts wgre approved by the Tru81098 on ,.... .. ....... . Slr Jonathan James Rivett4amac Tr￿tee FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counting poN¢l•s Charity inforniation FLORENCE COHEN CPL4RITABLE TRUST Is a ¢harilable Imst fomied by a deed dated 18AprS11W. 1.1 A¢¢ountlng conv•nllon The a¢￿￿￿ts have been prepared in accordance with the Charity's goveining dccumont. th• Ch*ities Act 2011 and °A¢counting and Reportlng by Charli￿$.. Statement of R8￿MMended Practice appllcable to charities preparlng their accounts in accordance with lh• Finan¢ial RepOrt￿g Stsndard appficable in the UK and Republic of Ireland IFRS 1021. (as amended for 8cfx•untlng perh)ds ¢ommencing from 1 J￿Uary 20181. Tho Charity is a Public Bènbfrt Entity as deffined by FRS 102. The Charity ha$ taken advantage of the p￿￿810n$ In the SORP for charitw apptykng FRS 102 Update Bulleln 1 not to prèpao ¥ Statement of Cash Flows. Thè finan¢ial $t4lements arg prgparod in sterling, wthich 1$ the fundlon81 ¢urrency of tho cha￿ty. Monetary amounts In these ￿nanCIal statements are round&d to thè n8arè$l £. The accounts hav8 b88n prepared under Ihg hIstor￿1 Cc￿￿n￿On. modlfigd to Inthdè the revaluglion of freehold properb&s and lo indude investment proparties and certain financÈ81 instruments at lair value. T principal a¢￿Un11n9 polirjes adoplgd are Sel out b810w. 1.2 Golng ¢on¢orn Al the time of apprwng the fina￿la1 statements, the Tnjstees have a ra8son8blè èxpectation Ihal the Charity has adequate resources to continue in operational existence for thè foreseeakAe fulure. Thus the Trustees continue to adopt the going 0)r￿rn basis of a¢¢ounling in preparing the financial stalemenls. 1.3 Charitabl• fund$ Unrestricted funds ar• gvailable for use al the disuglbn of the Trustees In furtherance of th*r ch8ritable objective5. Re8trk#ed fvnds are subject to specific conditions by (knors as to how they may ba used. The purpose5 ond uses of the reslricted funds are Sel out in the notes to the flnandal statements. Endowment funds are subject to $PBcific camd￿onS by donrys Ihat the ￿￿tal must be rnwntslned by th8 Charity. 1A Incomlng resou￿e9 Income Is recognised whon the Charity is 18galy ontiiled to il after any pgrlonnanc& conditior￿ hava b90n met, the amounts ¢an bo measured reliabty, and il Is probable that income will bè re¢eNed. Cash donauons are recognised on receipt. Other Ilonalions 8re recognised once the Charfty has been notffiod of the donation. unless performat)¢e conditions require deferral of the amount. Incom& tsx rec4)veTabla in re￿Il0n to donations r￿alved under GrftAid or degds of covenant is recognised ot th9 lkne of thè donat￿n. 1.8 Rejourcgs •xp•nd•d Th8 ¢o$ts of ￿nera￿ng funds ￿n&s1 of Inve8tment management cost$. Costs oftharrtable a¢ttv4bes indude grants madé, govem¥nce costs aThJ an apwlonmenl ofsuFWIrt ￿$ts. Expenditure is accounted for on an aG¢nHls basis. Grants paya￿ are charged in the ygar w￿n the offer is m￿8 ax¢epl in cases where offer is cOndit￿nal. $u¢h grants being r￿gnIS•d 8$ expenditure when lh8 cond￿On8 attaching are fvmllled. Grants offered suble¢l lo conditions which have not been met al the year end ale noted as a commitmanl, but not acc￿0￿ as èxpenditure. FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACCO￿￿ng polleles Icontlnwd 1.6 Flxgd ••$•t Inv••tmgnts Fixed assat Invasknents are iniiialty measured al tranSa￿￿Th price excltKling transadl¢)n ￿Sts, and arts subsequ8ntty me8sured at fair value at &ach reporting date. Changgs In fair value are recwnised in net comelloxpendmurel for the year. Tran$athn coslg are expensed as in¢urr•d. Fair value on ffixed ¥sset investments is m8a$urgd as al the balance sh99t dato as folow8: Lisiod securities al mld market valua,. Listed securities held in foreign r￿jrren￿OS at mid markat Value and translated knlo their st¥rti)g equivalent at the aG¢ounlfng dale.. Government S8curttifjs al mid market value and do not Lnclude Sntsrest acC￿￿d. Unrealised gains and bssos are Sncluded on statement of flnanei81 aclivitie$. 1.7 C41h and cxh wulvalgnts Cash cash equivalents indude cash in hand, deposits hekl al Call with banks, other short-ttmi liquid In￿$1ments Mlh Or￿J￿al maturib&$ of three months or less, and bank overdrafts. Bank overdraft8 are shown wlthln boff0￿1ngs in current ligblllues. IA Fln*nclttl Instrnments The Charity has elect8d to appty the prowsions of SeGtlon 11 'BasK Financ￿1 Inslrument$' 8nd Section 12 'Othef Flnancial In51rumenls IssueJ' of FRS 102 to all of its finanu81 instruments. Flnandal I￿trUments are r•¢ognised in the Charitys balan¢• sheet when the Charity becomes party to the contradual proMsion$ of tho Instrument. Finanaal assets and lak¥l￿e5 are offset. wilh th¢ net amoun13 presentod in th• financi81 statements. wthen Ih8r8 is a legally enfori*•lAe right to set off thg recognlsed amounts and Ihere is an intention to settle on a net basis or to realise the asset and setll8 the liabilty $imuftaneously. Bask Ilnan¢i•lass•ts Basic ffinancAal assets, whKh ir￿l￿de debtors and cash and bank balances. ar• initialty measured at transactKJn price itKluding transath'on costs and ar• subsequently carriad at amorused cotst using the eff¢¢tivg interest method unle88 the arrangement ¢onslitute8 a ￿nan￿ng transaet#)n, where the transaction is maaswed at Ihè prèsent value of thg fulure recelpls discounted at a ma￿￿1 rate of Inter8$1. Finanu81 awls classif*d as re(*ivat4e wilhln one year are not amortised. B•¥k )yna￿la1 liabilitios Ba￿C financial liabilrtiès. including creditors and bank loans are initi?lty r8¢ognis¥d at transaction price unl&ss the arrangement ¢onslitthes a financing transaction, where the debt instrumènt is mèasured at the present Val￿ of the fvtuie payments discounl•d al a market rate of interesL Finan¢t4 liabih.t￿ dassffiod as payabl¢ within on8 year 8fy nol amriised. Debt InstNm8nts are subsequentty ¢aNled at amrtised cost. using th• thbve interest rate Mell￿d. Trade (¥edltors are obligalions to P8y for goods or ser¥ices that havo be¢n acquired in thg ordinary CWTSe of oper8lion$ from suppliers. Amounts payable are clasSif￿d as ￿rrent Ilabl1￿e$ rf payment is du& within year OT less. If not, they are pretsented as non-current li3bilstie$. Trade creditors are re¢cgnised inrtmlty at tr*saction pri￿ and SUbs8q￿nI￿ measwed al amortisèd ¢ost using the eff8CtNe interest method. D•r•eoqnitlon olblnon¢ialliabilrt Financial liabilibes ar8 dereeogThsed when the Charlvs ¢onlra¢tual ot4igations expire or gre dls¢haW or cancelled. FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Inve#tsnents Unrestrkled Unrestricted fund$ lunds goneral gethergl 2024 2023 Income from listed investments Interest recefvable 111.839 3,fA9 116.(Y2 1.179 114.9)8 117,271 Ral¥lng funds Unrn•lrictod fund$ caplthl 2024 Tolal 2023 Inveslment manag8m8nt 26.563 25,416 26, 25,416 Charilable adivltl•s Charltablg Charltabl• Expenditur• Expéndltur¢ Govgmanc• Grants Total 2024 Totsl 2023 Granl funding of ao*vilies (see nolg 5) Share of 9c*vemancg costs (see note 8) 99,790 99.790 17,224 110,740 14.877 17.224 17.224 99,790 117.014 12S,617 Anatysls by fund Unrestricted ffiJnd8- re￿nue Unr&81rfcted funds- capital 5,036 12.188 99.790 .104.826 12,188 17,224 99.790 117.014 For th• Y•ar ended 31 Decemb•r 2023 Unrestricted funds- revenue Unreslr(cted funds- capital 4,597 10,280 110.740 115.337 10,280 14.877 110.740 125,617 10- FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants p•y4bl• 2024 2023 Grants lo inS￿1￿110n$'. Omega Kinggwood Trust Welcome To Our Futuro Sl Joseph's Hospice Mfitt$hire Bobby Van Trust Friends Ofzichron Dovid North Norfolk Communlty Transport Arts Together D8af Blind UK st Nicholas Hospice Care Rural Coffeè Caravan Shwbm Voluntary Arnbulance Cruse B8r8aV8M￿I Support Home From Hospital Carg Or¢l)oslra Of The Swan Norfolk & Suffolk NHS Foundalitin Care For Veterans St Mlthael'3 Hosp1¢ Age UK Daeowm Rosabery Centre Revitalkse Cavel 14Mhshire Communtty Foundaifc Time to Talk Befriending Sufftslk Comrnunity Foundallon Our Speual Friends LNerpool Round Table 8 Woomon Round Table Guild Care Cornmunity Resource Armonico Con80rt IndependontAge Lindengate DOI￿Nn Souety Twlllghl Klndne88 WesMTood 2D15 Royal V￿ntary SeNlce R￿ngage UK Open Age Age UK Hertford8hire Dartmoulh Carfn9 Shefboume Voluntary Ambjlance West Somer861 RaiNvayAssoaation Boxes of Basi¢s Sinfonla Viva Dre55abilty S.OQ) 1,510 1,3 3,630 1,000 5.000 2,825 10.C(Q 3.000 2.025 3.ofyj 3,000 10,000 11.250 11,250 7.500 5,000 1,900 3,000 2,000 3.￿0 1.500 3,[4)0 2.thjo 5,¢)JO 2.840 2.000 10.000 1.5tKI 2.000 1.500 1.000 99.790 110,740 11 FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grnnts payab (Gontlnuod} Support ¢￿ts Support G0￿MIne* costs 2024Support costs Govemance 2023 Audrt fees Ac¢ountsncy Le￿1 and professlonal 700 15.824 9th) 700 15.624 675 14,202 675 14,202 17,224 17.224 14.877 14.877 Anatysed befrM8en Charitable activities 17,224 17.224 14,8TI 14.877 Non8 of th8 Trustees (or any persons conne(tsJ with them) recewad any remuneratton or b8n8fits from the Charity during the Ygar. Employ99¥ There were no empk)y80s dun'ng the Year. Other UnreBtrict•d rund$ g•Nernl 2024 Totsl 2023 Bank Charges 12- FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Not g•lnslllM•tsl on inv08bnents Unre5trict•d UnrestrScted funds funds capttal 2023 2024 RevaluatKJn of Invesknents Gainlllossl on sale of In￿stments 173.141 {10.817) 41,225 23,099 162,324 64,324 11 Fix•d ass•t inv•8tments Li#t•d Cost *x valuation Al 1 January 2024 Additions Valuation L*anges ProfiV{lossl on $al•8 Di8posals 3,519.719 925,863 173,141 {10.81D 1975.492) At 31 Decamber 2024 3.632,414 C•rying amount Al 31 Decemb¢r 2024 3.832,414 Al 31 December 2023 3.519.719 12 Debto 2024 2023 Amounts falllng duè withln on• ywr. Di￿dendS Receivable 1.728 13 Credltorn: amounts falling duo within onè y￿r 2024 2023 H M Revenue & Customs Ac¢ru8ls and dgfe¥red income 470 470 6,767 8.034 7.237 13- FLORENCE COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 An4ty818 of not a880ts Ixtwe•n lund• Unr•sblet•d Unmtri¢ted fund$ r•vonue lunds ¢aplt*l 2024 2024 Total Total 2024 2023 Fund bal8n¢os al 31 De¢emboT 2024 are represented by.. Investments Currant a$$gtsIllabi￿IÈs) 3.632.414 3,632,414 3.S19,719 $8.938 70,953 49,994 12.015 12,015 3,891,352 3,703,367 3.569.713 15 Rekntsd IraMaction• There were no ithsdosable related party transactions during the Year12023- none}. 14-