Charity Registration No. 210416 THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE AV POSNANSKY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusteès P Mish¢ N Posnansky E Feather Charity number 210416 Principal office at1 7 Montagu Squar8 London W1H2LB Independent examlnèr P8ter Duboff FCA KirvJsbury Housa 468 Churth Lane L(wJdon NW9 8UA Bankers CAF Bank Ltd 25 Kiros Hill Avenue ngs Hil West M8EIi Kent ME19 Investment advisor5 CloseAsset Management Ltmited 8th FI￿r 10 Exc4iange Square Primrose Street London EC2A 2BY THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST CONTENTS Page Trusteas, rewrt ￿nd￿endent examinerfs re Statement 0ffinarKx￿ a(*vrbes Balan￿ sh8et Note5 to th8 finanu81 statemenL8 7-10 THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report and finar¥ial statements for the year ended 5 Aixil 2024. Thè fin8nual statements have been prwr8d in accordan￿ with the acoyJntir¥J rKAioes sel out in note I to the finanaal statetllents and com ￿Y wtth the TnJsl's goveming d(KyJmgnt. the Charib"esAct 2011 and 'A¢¢ounting and Reporting by Charities: StatetTrent of Recommended Practi￿ applicable to charitie5 preparing their aL￿untS in accordance with the Finan(aal ReFrt)rting Standard appli(able in the UK and Republic of Irejand IFRS 1021" leffectivg 1 January 2019}. Objectives and acttvibes The object of the trust conb.nues to be that of rnaknng donations to general charttablè tauses as set out in the Charity's governing document. On theii own inthative the Tnjstees have also made donations to charitable eauses which they considergd worthy of supp(*L Al grants are made at the discretKJn of the trustees. The funds of the chanty are 811 invesled in ￿$h depostts and q￿tad $￿TI￿e$. Al investménts and thar performan￿ reflect t*)e advice ol trust's inveslment &1visers. Achievements and wformance Financial rèview The Tesults for the year are sFK>wn on pwJe 5 and the atthe end ofthe year is shown on page 6. The value of the capital investments increased by £133,588 during the year as shown ￿ page 10. Of these investments 8.33% were in fixed interesl siocks 91.67% were in gauities. The Tnjst red￿￿d its nel liquidty during the year ir#xeasng its investments. At the year end the net fund value ofthe trust after ￿1 expenses. increased by £89.92912023- £326.629 de(xease in value}. Risks The Trustees a￿ fully aware of thè nÈed to assess the risks fa¢8Y by the Chaiity and to respond in such a way as to minimise tfK>se risks. In order to minirnise risk Ihere is ¢xX￿￿t consideration of all financial issues by the Trustees together wth the Chariws finart0￿ advisw5. Structure. govemance and management The Trustees who served during the year and up to the date of ￿rtat￿re of the financ4al statements were.. P Mi8hcon N Posnansky E Feathèr Trustees are appointed by the conttnuing Trustees. The numbw ofTrustees shall not be less trw) 2. Trustees do not have any s￿Cl￿r terrn ol offi￿. Th8 address of its prinopal office Flat 1 7 Montagu Square London W1H2LB THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Rèsèrves The level of Reserves held by the Charity is rewewed ragutaty by Ihe Tnjstees and is ¢urrenUy regarded as satisfactory. The report was approved by B08rd 0fTA￿l¢es. NPO ansky Dated.. THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST STATEMENT OF RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2024 The Tnjslees are ￿$P￿S1b1e for preparing the RekX)rt and the finanoal ststements in ao))rdance with applicable law and United I￿￿￿0￿ Acthinting Stsndards (unit￿ Trtingdom GenerallyAccepted Accounting practi￿). The law appliGgble to tharities in England and Wales requites the Trust￿ to p￿pare finan(ial ststernenls for each financial year whith gwe a true fair wew of the state of affairs of Ihe Tnjst and of the in(x)ming resources and application of resources of the Trust for that year. In ￿paring the88 financial slatements, the Trustees ae rwuired lo: - select SUita￿e acccxjnting KM)IK¥e5 aThJ then appty them (x)nSislen￿y.' - observe the meth¢)Js and printsp￿S in the ChariW SORP. - make judgements and estimates that are rea$￿￿e and pwdent - state whether applirable aca))unting starKlards have teen fol1chy￿j. sutiect to any material dèpartures disclosed and eXp￿Ined in the finanoal slalements- and - prepare the financial statements on the goirMJ basis Lmless it is inappropriate to presume that the tharity will continue in operdbon. The Trustees are resFM)nsible for kaeping suffic1￿1 ac¢rxJntirwJ we¢J)Tds thal disdose with reasonable ac(yJracy at any time the financial position of the Trust and enable them to ensure ihat the financi81 stalements comply with the Charitiès Act 2011. the Charrty IA(xx)unts and RerKxtsl Regulati￿$ 2CX18 and the provisions of the trust deed. They are also responsible fwsafeguarding the a￿tS oftrE Trust and hence fortskn.ro reaSon￿e steps forthe prevention and d¢te¢tion of fraud and other irregularities. THE J E POSNANSKYCHARrrABLE TRUST INCORPORATING THEAV POSNANSKY CHARrrABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE J E POSNANSKY CHARITABLE TRUST l Trpjrt to thg Trus￿￿5 or* my examlnauon of ts fmrthl staterrnnts of ￿ J E P(SW￿Y ChathtaNe Tru* In(rKpornlryJ ThoAV Pow￿$kY Cha￿tr￿ Trust forttp Y￿￿￿1￿d SW 20rJ. R￿pOnSIbIlItIeS and basls As the TDJstees ofThe JE PLl>)ansky Ch*thb19 Tn*t IKffj•yalks The AV PowJJnY*y Ch8rltabk TnKt. y ChadU8sAct 20111th9 2011 Adl. I tgport In resw of J E P￿nar¢kY Ch8rl#Llg Trust IncthwatiTrJ The AV P￿nanskY Chgr{tsbtJ) Trusf8 staknnts ¢xrfed ¢xA StrJiM 145 of 2011 ACL In CaTh￿n9 my BXAmin8tion I fOlk￿d al tho aPp￿rat4e Dk¢¢t￿ s¥ven by It* Charity COM￿$$1￿ 8e(kn 14515Xbl ofth& 2011 N Independont stakn*rt Y￿Jr attonY(Jn Is drawn trj the fact that the charlty has prepaFed statemtrnts In acCc¥d8r￿e wilh Acumung and Rerthng ty (Jwfjties pYepan"r¥J Ij￿1r xu)unls in accx)rdan¢% 4trTth the Ffjngnciol Reporti Standard appliGabl? In the UK and Rewblkol Iroi4nd IFRS 1021 In w•ferBrts to tsAeownting and Reporting by CharlUe8: Stat&m8nt of Rwmrnortéd PraL*o ￿sU0d on l Ap￿ 2OJ5 whkh Is rel•ntyJ to kn tha exknt l undgr6tsndth3tthls ha8 hen ¢YcTh ￿￿￿erIOrfir￿}a14aIOrnBnts knpro￿ atrue arKlfairwle44 h acwr¢w)¢ wthGengr*lyAcceptedP£taJrtff¥JPrwJx¢ effethofor rewybro on orafter 1 January 2015. •Y2mlnafjon mo tsus& to ￿￿•Ve Ih8t i) w mBtorW rfrsptra.. accounti￿ twxvd¥ wwfj ncl kept Sn ff•s￿ ofth8 Trust as r8qulr•d ty 130 oftho 2011 Art or tha financial 518tsments do not c(￿Y wyth the aWreabl8 cJ)ncèming thè form and content OfaCe<￿nts sot out In ts Ch&ritse5 IAiXtsJnts and Rapt￿) RwJufaUons 2008 other than any r8quiremernt that Jhe ac£ounts g.vè a aThJ ¥iw Tr)t a rxrf*h￿r￿j as ol an itW•hYent exwningborL shoukj bethawn Inthb r¢t#Xtln￿f0o￿L￿90p￿U￿5twwthr￿dth*ffin3Th￿I Statwr￿ntst0tr￿ mached. Pot8r Cwtoff FCA K￿$tH￿ry FknJ88 468 Church Lanè Nwg euA THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted Unrestricted funds fund5 2024 2023 Incom¢ Investrnents Other income 142.387 2.159 156,676 2,572 Totsl inmme 144,546 159,248 enditur• I￿. Charitable activities 185.249 164,501 Support costs 29.314 28,979 Total resourcès èxpènded 214,563 193,480 Net gainslllossesl on inveStm￿ts 159,946 1292,3971 Net movement in funds 89.929 1326,6291 Fund balance brought forwaffl 4.557,435 4,884.064 Fund balances at 5 April 2024 4,647.364 4.557,435 The stalemenl of financaal activlttes indudes all gains and k￿SeS ￿e¢￿[￿￿j in the year. All incoma and 8xp8nditure derives from C(¥)￿nUIng a(*vibes. THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST BALANCE SHEET ASAT5APRIL 2024 2024 2023 Fixed assèts Investments 10 4.646.766 4,513,178 Current assets Debtors Cash at bank an(J in hand 1,939 36.505 2.376 50.52S s2.￿1 Cr￿il￿r$. amounts falling due withln one year 11 137,8461 18.6441 Net current assets 44.257 Totsl assets18ss eurrent liabiliti•s 4.647.364 4.557,435 UnrestrlctÈd fvnds Unrestricted funds 4,647.364 4.557.435 4.647.364 4,557,435 The financial statements were approv￿1 by the Truste8S ￿ ..... N Posnansky Trustee THE J E POSNANSKY CHARITABLE TRUST INCORPORATING THE A V POSNANSKY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng poli¢ies Charity infomiation Thè Trust vras created by Deed dated Ihe 22rKI day of Septemter 1962. Thè Tnjst is an uninojrporated Charity IRegistered Charity No. 2104161. The address of its priThipal office is: Flat 1 7 Montagu Squa London W1H2LB 1.1 Aeeounting ¢onvention The finanaal statements have been wepared in 8u))rdan￿ th Ihe The J E Posnansky Charltable Trust Incorporating The A V Posnansky Charita￿e Trusys governing dcument, the Chatibes Act 2011 and 'Accounting and Reporting by Chartb"es: Statement of Recommendèd PraCh￿ applicable to charitias preparing theiraccounts in acwrdance with the Finanaal Re￿￿"ng Stsndard applicable in the UK and Repullic of Ireland IFRS 1021 leffective 1 January 20191.. The J E Posnansky charita￿ Trust ItKL)wating The A V Posnansky Charitable Tnjst is a Public Benefrt Entity as defined by FRS 102. The J E Posnansky Charitable Trust IrKxYwrdting The AV Posnansky Charitable Trust has taken advantsge of the provisions in the SORP for charibes applwng FRS 102 Update Bulletin 1 notto p￿pare a Statement ol Cash Flows. The J E Posnansky Charttable Tnjst I￿yp￿t.nY The A V PosTrgnsky Charitable Trust meets the definition Df a public benefit entity under FRS 102. Assets and liabilits.es are inib.ally re￿n￿ed at historical cost or transaction valug unless Otherwise stated in the relevant a(xLunbrrfJ policy notes. 1.2 Goiry ¢oncern At th& time of approwng the firsan(xal statements. the Trnstees have a reasonable expectation that the Trust has adequate resources to continue in operatxxol exister￿e for the foreSeea￿e future. Thus the Trustees continuè to adopt the going wncem basis of accrxjnting in prep8ring the finanual statements. 1.3 Charitable funds Unrestricied ftJrKI$ a￿ avaikble for use ai t￿ dis