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2024-04-05-accounts

THE LAUFFER FAMILY CHARITABLE TRUST

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024

CHARITY NUMBER 251115

Hentons Chartered Accountants

Ground Floor 31 Kentish Town Road London NW1 8NL

THE LAUFFER FAMILY CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024

CONTENTS

Page
Trustees’ Report 1 to 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13

THE LAUFFER FAMILY CHARITABLE TRUST

Page 1

TRUSTEES' REPORT FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees - J S Lauffer
- G L Lauffer
- R M Lauffer
Governing Document
and Constitution - Trust Deed dated 13 December 1965, as an
unincorporated association in England.
Charity Registration
Number - 251115
Charity Office - 123 Hampstead Way
London
NW11 7JN
Bankers - Barclays Bank plc
28 Hampstead High Street
London NW3 1QB
Investment Managers - Brewin Dolphin Securities Ltd.
12 Smithfield Street
London EC1A 9BD
Raymond James Investment Services Ltd.
Ropemaker Place
25 Ropemaker Street
London EC2Y 9LY
Accountants - Hentons
(Chartered Accountants)
Ground Floor,
31 Kentish Town Road
London NW1 8NL

Page 2

THE LAUFFER FAMILY CHARITABLE TRUST

TRUSTEES’ REPORT (continued)

The trustees present their report and financial statements for the period from 1 April 2023 to 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 8 and 9 and comply with the charity’s trust deed and applicable law.

Structure, Governance and Management

The trustees named on page 1 served throughout the period. Appointment of trustees is governed by the Trust Deed of the charity. The trustees are responsible for the day to day administration of the charity and hold periodic trustees’ meetings.

The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. The Board of Trustees ensures that the skill requirements of trustees are kept under review. New trustees, if required, are sought by recommendation from existing trustees, and the required training is given by the existing trustees.

Investment Powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. Details of investments held are shown in the financial statements.

Objectives and Activities for public benefit

The Charitable Trust is constituted by Trust Deed and its public benefit objectives and aims, and grant-making policy, are to apply the Trust Fund and Income thereof for general charitable purposes in the scheduled territories as specified in the Trust Deed. The scheduled territories are :-

The United Kingdom of Great Britain and Northern Ireland (including the Isle of Man and the Channel Islands). Canada, Australia, New Zealand, The Union of South Africa, Pakistan and Ceylon. The Republic of India.

Any other territories forming part of the British Commonwealth and Empire of which the Queen was registered as Head.

The State of Israel.

The United States of America.

Grant – Making Policy

The trustees meet from time to time to consider making charitable grants to institutions and to review any applications for grants that have been received.

In furtherance of its public objectives, during the period the charity made institutional grants of £444,623 for general charitable purposes, details of which are shown in note 3 of the Notes to the Financial Statements. The policy of the charity is to continue to apply the Trust Fund and Income thereof for general charitable purposes in the aforesaid scheduled territories, as specified in the Trust Deed, for public benefit.

Page 3

THE LAUFFER FAMILY CHARITABLE TRUST

TRUSTEES’ REPORT (continued)

Achievements and Performance

The trustees consider that the performance of the charity this period has been satisfactory. During the period the charity made 152 institutional grants for the aforementioned general charitable purposes in support of the public benefit activities of those institutions.

Other than the Board of Trustees, the charity is not dependent upon the services of unpaid volunteers, donationsin-kind or other intangible income.

Financial Review

The principal source of income is investment income.

Details of expenditure on charitable activities are shown in the Statement of Financial Activities on page 6 of the Financial Statements. Expenditure incurred during the period related to Charitable Grants, and Support Costs (Governance Costs) necessary in relation to the charity’s activities.

The charity’s assets are held for the purpose of making Grants for general charitable purposes in the aforesaid scheduled territories as specified in the Trust Deed dated 19 December 1965 and the Board of Trustees consider that the financial position of the charity at 5 April 2024 is satisfactory to enable it to continue to make such Grants.

During the period Brewin Dolphin Securities Limited and Raymond James Investment Services continued to act as Investment Managers of the charity’s listed investments. During the period there were Realised Gains and Unrealised Gains on listed investments of £39,651 and £277,638 respectively.

The listed investments held by the charity have been acquired in accordance with the powers available to the trustees. The 05 April 2024 value of the listed investments has been substituted for their historical cost and value when settled and details are shown in note 6 of the Notes to the Financial Statements.

Reserves Policy

The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in Fixed Assets. It is the policy of the charity to maintain free reserves at a level considered adequate to provide sufficient funds for on average approximately two to three months’ unrestricted expenditure to cover governance costs and to respond to emergency applications for grants which may arise from time to time; the free reserves amounted to £15,847 at 5 April 2024. Designated Funds have been created up to an amount equivalent to the value of Fixed Assets held as these represent funds not immediately available for charitable grants; at 5 April 2024 the Designated Funds amounted to £4,023,381.

Future Plans

The charity intends to continue making institutional grants for the aforementioned charitable purposes, as specified in the Trust Deed, for public benefit.

Risk Management

The trustees have reviewed the affairs of the charity and do not consider that there are any major, strategic, business and operational risks which the charity faces other than in relation to the holding of the charity’s listed investments and in order to lessen such risks the trustees have previously appointed Investment Managers who periodically review the investments held and report to the trustees with their recommendations in regard thereto.

Page4

THE LAUFFER FAMILY CHARITABLE TRUST

TRUSTEES' REPORT (continued)

Going Concern

There are no uncertainties about the charity's ability to continue as a going concern as indicated in note 12 of the Notes to the Financial Statements.

Statement of trustees' responsibilities

The trustees are responsible under the law applicable to charities in England and Wales and United Kingdom Accounting Standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) for preparing a Trustees' Annual Report and financial statements for each financial period which give a true and fair view of the charity's income and expenditure during the period and of its financial position at the end of the period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011; the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. The Trustees 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.

Amounts are presented within items in the Statement of Financial Activities and Balance Sheet in accordance with generally accepted accounting principles or practice, the trustees having had regard to the substance of the reported transaction or arrangement.

The trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to guidance issued by the Charity Commissioners, including public benefit objectives. The activities undertaken for public benefit are as hereinbefore described.

Approved

This report was approved by the trustees on 24 December 2024 and signed on their behalf by: ��• J S Lauffer (Trustee)

PAge 5 THf LAufifiER FAMILY CIIARITABLE TRusr riINANCIAL STATEI MEN'I'S FOR TIIE PERIOD FROM I APRIL 2024'1'0 5 APRIL 2024 INDEPLNDENT EXAMINEI R'S RLPORTTO THETRUSTEES OF 'I'Hb LAUliliLR bAMILY CHARI'I'ABLL'I"RUS'r I repoi'i on the fitianeial slalements of the Chariiy for the pcriod fiY)m l April 2023 to 5 April 2024, sel oui on pages 6 10 13. Resptetlyt rtsponslbilities of ti'u$ttes An(1 iniltptniltnt exAmithti' A5 de5crsbed on pages 3 and 4. the charity'5 trustee5 are responsible for the prcparalioii of ihe Tiustees, Annual Repoil and financial 5taten]eiits. Thc chai'ity's tr1151¢cs con5idci' that ali audit 15 nol requiird foi. tlii5 pei'iod iiiidei. seclioii 144 of the Cliai'ilic5 Act 2011 (the 2011 Act) and Iliat ali itidepciidenl examinalioll IS needed. mic Cliarity has prepared'accruals basis" fiiiancial stalcnienls. I am qualificd lo uIidcrlake the indci)eJidcnl cxaminalion by being a qualifjed membei. of Ihe Inslilllte of c]￿lIcI￿d Accoiintanls iji Englasid and Walcs. It is Jny respoiisibilils, 10..- examine Ilie financial statements {uiidei' Sectiot) 145 of Ilie 2011 Acl)- to folloiv the pi'ocedures latd doii'n in the General Dirccli0115 giveji by the Chai'ity ComJnissii>ners (undei. Seclion 145{5)Ib) of ihe 2011 Acl)- and to slate iyheihei. particiilai. matters have eoine lo my attention. Basi5 of iiidepeijdent examiiiei. s i'ei)oi't My examination ivas Ca￿.1¢d out in accoi'dance ii'iili Ilie General Direclion5 gii'en by the Chaiily Coiniiiissioiiei's. An exaiminalion iiicludes a revieii, of the accolinling record5 kept b), the chai'il), and cojiipai'isoii of Ilie finaiicial stalemenls PIE5enled iyith those IEcord5. 11 also incliide5 considei'alion of any unusual ilenis or disclosui'es in the financial slaleMeJit& and 5eekiiig explanations from the li'uslees concei'ning an}, 5uclI Inatters. Thc pi'occdiiirs undcrtakcn do iiot pix)vidc all thc evideiice that ivould be irquii'ed in ali aiidil, and c0115equcntly no opit]ion is givet) as to iylicihci. Ihc fillancial stalemcnts pre5enl a"Irue and faTr" vieiv aRd the IEpoit is limited to those mallers sel out in Ihe 51alemeiit beI￿v. Indepelldent exRininer s statement Tn conne¢lion ivilh my ¢xaminalion, no malter has ¢ome io my attention ivhi¢h giv¢s me reasonable ¢ause to believe ihat in any mai¢i'ial Irspect:_ the arcounling LECOI￿5 Ivere not kept in ac¢ordan¢e ivith section 130 of Ilie 2011 Act- or the finaiicial staleiiiet]Is did not accord iviih the accounting Ircoi'ds., oi. the financial staleiiict]Is did not comply iyiih Ilie applicablc i'equiTemciils coiiceiniiig thc forjii in contcnl of financial slalcmcllls sel oiil in Ihe Charities {Accouiits and Repoi151 Rcgula110115 2008 oilicr Ihati ally rcquircmcjit that thc fit]aiicial 51aiemenls give a"I1'ue and fair vieiv" Ivhich is not considered part oran indepeiident exaiiiinalion. I have ¢oii)e aci'oss no oilier matters in ¢onne¢iion ii'ilh the examination to ivhi¢h attention should be di?Ivn in Ol￿tr to enable a pityper underslaiiding of tlie finatL¢ioI statements to be reaGlied. Use of tliis i'epoi't Tliis i'cpoj'l j5 Jiiadc solcly to the chaiily's li'ustees, as a body, iji accoj'dancc ivith thc Chaiilics Act 2011. My ii'ork has bcen undeilakcn so that I might slatc to the charil) s Iruslccs thosc mattcj's I ajii irquiiEd io stalc lo tlicm in an independent examinei s IEpoiI and foi. no oilicr purpose. To thc fullest extent pcrmillcd by laiv, I do ijol acecpt or assume iEsponsibility lo anyone other than the chai'ity and the charity's trustees as a body, for my ivork, foi. this report, or for the independent examiner's slaiement. Ground Flooi. 31 Keniish Toivn Road LortdonNWI 8NL A. Milclicll F.C.A. Henions Chartered A¢coynlanls 6 Januaiy 2025

Page 6

THE LAUFFER FAMILY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL2024

Notes
Income and Endowments
Investment Income
2
Legacy
Endowments
Income Tax Repayable
Total Income
Expenditure
Expenditure on Charitable Activities
:-
Direct Charitable Expenditure - Grants
3
Support Costs (all Governance Costs)
4
Total Expenditure on Charitable Activities
Net (Outgoing) resources for the period
Other Recognised Gains and Losses
Gains / (Losses) on Listed Investments - Realised
Gains / (Losses) on Listed Investments - Unrealised
Net Movement in Funds
Unrestricted Funds balance brought
forward at 1 April 2023
Unrestricted Funds balance carried
forward at 5 April 2024		 Period 1/4/23
to 5/4/24		 Year to 31/3/2023
General Fund
126,665
-
-
466		 General Fund
129,431
-
-
177
127,131
£		 129,608
£
444,623
60,164		 515,363
61,978
504,787
£		 577,341
£
(377,656)
39,651
277,638		 (447,733)
(32,053)
(144,354)
(60,367)
4,099,595		 (624,140)
4,723,735
4,039,228
£		 4,099,595
£

There were no recognised gains or losses other than those as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 8 to 13 form part of these Financial Statements.

Page7

THE LAUFFER FAMILY CHARITABLE TRUST

BALANCE SHEET AT 5 APRTL 2024

Notes 5 Aeri12024 31 March 2023
Fixed Assets
Tangible Assets 5 1 1
Listed Investments 6 4,023,380 4,0801485
4,023,381 4,080,486
Current Assets
Debtors 7 466 9,427
Balances at Bank 24,381 18,682
24,847 28,109
Less: Creditors:
Amounts falling due within one year
!jet Cuq;:ent Assets		 8 9,000
15,&47
£ 4,039,228		 9,000
19,109
£ 4,099,595
NetAssets
Represented By:
Designated Funds • fixed Assets 10 4,023,381 4,080,486
Unreslricled Funds - General Reserves 10 LS,847 l9,l09
Total Charitv Funds £ 4,039,228 £ 4,099,595

The notes on pages 8 to 13 form part of these Financial Statements.

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24 December 2024
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Page 8

THE LAUFFER FAMILY CHARITABLE TRUST

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024

1. Accounting Policies Charity Information

The Lauffer Family Charitable Trust is a charity registered with the Charity Commission for England and Wales. The charity’s legal form and address is shown on page 1 of the Trustees’ Report. The nature of the charity’s operations and principal activities are shown on page 2 of the Trustees’ Report.

Basis of Preparation

The charity is a Public Benefit Entity as defined by Financial Reporting Standard 102 (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102) 2019 effective January 2019 as subsequently updated), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The charity has taken advantage of the provisions in the Charities SORP for charities applying FRS 102, but which are small, not to prepare a Cash Flow Statement.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice 2005 which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in Sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis in accordance with note 12 of the Notes to the Financial Statements.

Income

All income is accounted for as receivable by the charity. There were no permanent endowments received in the period (year to 5/4/23 – Nil).

Expenditure on Charitable Activities

Support Costs are charged on an accruals basis.

Grants are charged in the period when paid; they comprise donations to third-party institutions in accordance with the charitable objects of the charity and its public benefit objectives.

Tangible fixed assets for use by the charity and depreciation

Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful life of that asset, as follows :-

Computer equipment 25% Reducing Balance

Fixed Assets - Investments

Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities.

Funds Structure

Funds held by the charity are :-

Taxation

The Lauffer Family Charitable Trust is a registered charity and is therefore exempt from Income Tax and Capital Gains Tax.

Page 9

THE LAUFFER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024 (continued)

1. Accounting Policies (continued) Value Added Tax

Value Added Tax is not recoverable by the charity and, as such, is included in the relevant costs in the Statement of Financial Activities.

2.
**3. **		 Investment Income
Income from Listed Investments (Dividends and Interest)
Bank Interest
Number of
Grants in
period 1/4/23
to 5/4/24
Direct Charitable Expenditure- Grants
Charitable Donations: -
Achisomoch Aid Co. Ltd
10
Reb Sbayale Tzuduke
2
Aspire
1
Beit Halochem UK
3
Central Square Minyan
5
Chai Cancer Care
5
Chasdei Aharon
1
Chevras Mooz Ladol
3
Chicken Soup Shelter
1
Inspirations
1
College for Rabbinical Studies
-
Congregation Bais Shalom
-
Friends of Nachalas Bnei Shimon
1
Friends of Tifereth Shlomo
-
Friends of Yeshiva Daas Shalom
1
Friends of Yeshivat Shaarei Shumuos
-
Gesher Trust
1
GIFT
-
Halacha LeMoshe Trust
2
Holocaust Educational Trust
1
Jewish Association for the Mentally Ill (JAMI)
1
Jewish Learning Exchange (JLE)
-
JW3 Development
4
Maccabi GB
2
Maccabi London Brady Recreational Trust
-
Ponovez Institution
2
Project Lily
1
Tomchei Yotzei Anglia
1
Amud Hatzdokoh Trust
1
UK Friends of Keren Ohr
-
Revach Vehazola
1
Yad Vashem UK Foundation
1
Yesamach Levav Trust
1
carried forward
53		 Period 1/4/23 to
5/4/24
43,800
12,000
1,000
8,500
26,890
4,850
7,000
18,000
2,500
6,000
-
-
6,000
-
3,500
-
1,000
-
17,000
1,000
1,000
-
4,350
7,500
-
10,000
1,000
6,000
6,000
-
6,000
3,000
9,000
212,890		 Period
1/4/23 to
5/4/24
124,670
1,995
126,665
£
Number of
Grants in year
ended 31/3/23
9
-
1
3
6
2
1
3
2
-
1
1
1
1
2
1
-
1
3
1
-
1
1
2
1
1
-
1
-
1
-
2
1
50		 Year to
31/3/23
129,359
72
129,431
£
Year to 31/3/23
58,500
-
1,000
11,725
3,205
2,000
15,000
18,000
5,000
-
7,500
6,000
6,000
4,000
5,500
6,000
-
4,610
24,500
1,000
-
1,000
2,000
4,500
2,500
5,000
-
6,000
-
6,000
-
2,000
9,000
217,540

Page 10

THE LAUFFER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024 (continued)

**3. ** Number of
Grants in
period 1/4/23
to 5/4/24
Direct Charitable Expenditure- Grants (continued)
brought forward
53
Shar Hamelech
1
British Friends of Gaon Yaakov
1
Shir Chesed Beis Yisroel
1
British Friends of Sarah Herzog
1
Chavat Da'at
1
Chazak
1
Friends of Ateres Moshe
-
Friends of Galanta
-
Grief Encounter
-
Hakolelim B’Yerushalayim
-
Hasmonean High School
1
Hendon Adath Yisroel Congregation
2
Israel Guide Dog Centre UK
1
JCoSS
-
Jerusalem Foundation UK
-
Jewish Care
-
Jewish Child’s Day
1
Jewish Deaf Association
1
Vaad Haraboni, Leinyanei Tzedakah
1
Keren L’kiruv Yisroel
-
Kisharon
3
Magen David Adom UK
1
March of The Living
1
Menorah Foundation School
1
Mercaz Hatorah Netzach Yisroel
-
Mesila UK
1
Ner Yisrael Educational Trust
3
Nightingale Hammerson
1
P’tach Israel
-
Peninim Charity Trust
-
Sedoso Bechoi Eis Ltd
-
Seed
-
Side by Side ( School) Limited
1
Start Upright
1
Step by Step
3
Talmud Torah Hare’em
1
Tevini Ltd
-
The Beis Yisroel Organisation
-
United Synagogue
3
United Talmudical Associates
-
World Jewish Relief
-
Yad Eliezer Trust
1
Yeshaya Adler Memorial Fund
2
Youth Aliyah Child Rescue
2
carried forward
91		 Period 1/4/23 to
5/4/24
212,890
6,000
6,000
7,000
5,000
2,200
1,000
-
-
-
-
3,000
11,000
1,000
5,000
-
-
1,000
5,000
3,000
-
10,800
5,000
5,000
3,000
-
5,000
3,000
1,000
-
-
-
-
9,000
9,000
4,500
1,500
-
-
7,220
-
-
2,000
12,300
2,000
349,410		 Number of
Grants in year
ended 31/3/23
50
-
1
-
1
1
2
1
1
2
1
2
1
1
1
1
3
1
-
-
2
3
1
1
2
1
1
3
-
1
1
1
1
1
1
1
1
1
1
3
1
1
-
1
2
102		 Year to 31/3/23
217,540
-
6,000
-
15,000
1,900
1,000
6,000
4,000
7,000
3,000
4,500
7,000
1,000
2,000
1,800
1,550
1,000
-
-
12,000
6,500
5,000
5,000
5,000
6,000
3,000
2,500
-
1,800
12,000
9,000
1,500
9,000
15,000
10,000
1,500
9,000
6,000
6,001
2,500
2,000
-
6,000
1,500
418,091

Page 11

THE LAUFFER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024 (continued)

3.
**4. **		 Number of
Grants in
period 1/4/23
to 5/4/24
Period 1/4/23 to
5/4/24
Direct Charitable Expenditure- Grants (continued)
brought forward
91
349,410
Chasdei Sholom Trust
3
21,000
Langdon Foundation
-
-
Camp Simcha
1
7,500
Rimon Jewish Primary School
1
7,000
Gertner Charitable Trust
-
-
Tchabe Kollel Ltd
1
6,000
Congregation Sharei Shalom Tchabe Limited
-
-
Kehal Charedim Trust
2
15,000
Norwood
2
1,250
Teenage Cancer Trust
1
1,000
Midrash Bet Nassi
1
1,800
Simon Paul Sterling Charitable Trust
1
7,000
Keren Chochmas Shloma Trust
1
7,000
The Belsize Square Synagogue
1
1,224
Generations Doros Inc
-
-
Community Security Trust
2
5,500
Other (all below £1000)
44
13,939
152
444,623
£
Note
:- All grants were institutional grants for the purposes of :
Education
32
110,200
Religious Activities
16
76,224
Environment
4
1,000
Welfare and Care of Children and Families
65
200,101
Medical Healthcare
20
34,930
Recreation and Culture
15
22,168
152
444,623
£
Support costs (all Governance costs) in support of
Charitable Activities
Consultancy Fees (see note 11)
Postage and Stationery
Investment Management Fees
Bank Charges and Sundries
Accountancy (£7,160) and costs of Independent Examination (£1,840)
Underprovision for accountancy in previous period
Depreciation of Computer Equipment		 Number of
Grants in year
ended 31/3/23
102
2
1
2
2
1
2
1
2
3
-
-
-
-
-
1
-
50
169
41
20
4
70
17
17
169
Period 1/4/23
to 5/4/24
2,400
75
45,222
3,467
9,000
-
-
60,164
£		 Year to 31/3/23
418,091
19,000
1,000
7,750
8,500
1,000
18,000
7,500
15,500
1,600
-
-
-
-
-
3,000
-
14,422
515,363
£
136,350
48,551
1,187
268,215
42,400
18,660
515,363
£
Year to 31/3/23
2,400
79
46,771
3,606
9,000
120
2
61,978
£

Page 12

THE LAUFFER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024 (continued)

5.
**6. **		 Cost
At 1 April 2023 and 5 April 2024
Depreciation
At 1 April 2023
Charge for period
At 5 April 2024
Net Book Value
At 5 April 2024
At 31 March 2023
Fixed Assets- Investments
Listed Investments
Market Value at 1 April 2023
(Disposals) in period
Acquisitions in period, at cost
Net Unrealised Gains / (Losses)
Market Value at 5 April 2024
(as valued by Investment Managers)
Historical cost and value when settled
of Listed Investments
Market Value as above
The following investments comprised more than 5% of the total
Listed Investments portfolio:
14,800 Invesco Mkts III FTSE Rafi
All World
6,267 Pershing Sq Holdings NPV
Bank Deposits
Proceeds of sale of Listed Investments
held for reinvestment
Total Fixed Assets – Investments
£ 249,427
at 5 April 2024
£ 319,088
Tangible Fixed Assets (for use by the charity)
Market Value		 Computer Equipment
3,021
3,020
-
3,020
1
£
1
£
Period 1/4/23 to
5/4/24
Year to 31/3/23
3,994,850
4,560,334
(736,604)
(740,140)
403,501
319,010
277,638
(144,354)
3,939,385
£
3,994,850
£
3,174,428
£
3,505,009
£
3,939,385
£
3,994,850
£
83,995
85,635
4,023,380
£
4,080,485
£		 Computer Equipment
3,021
3,020
-
3,020
1
£
1
£
Period 1/4/23 to
5/4/24
Year to 31/3/23
3,994,850
4,560,334
(736,604)
(740,140)
403,501
319,010
277,638
(144,354)
3,939,385
£
3,994,850
£
3,174,428
£
3,505,009
£
3,939,385
£
3,994,850
£
83,995
85,635
4,023,380
£
4,080,485
£		 Computer Equipment
3,021
3,020
-
3,020
1
£
1
£
Period 1/4/23 to
5/4/24
Year to 31/3/23
3,994,850
4,560,334
(736,604)
(740,140)
403,501
319,010
277,638
(144,354)
3,939,385
£
3,994,850
£
3,174,428
£
3,505,009
£
3,939,385
£
3,994,850
£
83,995
85,635
4,023,380
£
4,080,485
£

3,021
3,020
-
3,020
1
£
1
£
Period 1/4/23 to
5/4/24
3,994,850
(736,604)
403,501
277,638
3,939,385
£
3,174,428
£
3,939,385
£
83,995
4,023,380
£
4,560,334
(740,140)
319,010
(144,354)
3,994,850
£
3,505,009
£
3,994,850
£
85,635
4,080,485
£

Page 13

THE LAUFFER FAMILY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 5 APRIL 2024 (continued)

7.
8.
9.		 Income tax recoverable
Sundry Debtors
Creditors : Amounts falling due within one year
Staff Costs and Trustees’ Remuneration
Debtors		 Period 1/4/23 to
5/4/24
466
-
466
£
9,000
£		 Year to 31/3/23
177
9,250
9,427
£
9,000
£

There were no employees during the period (year to 31/3/23 - Nil).

No remuneration was paid to trustees in the period (year to 31/3/23 - Nil) and no expenses were reimbursed to trustees in the period (year to 31/3/23 - Nil).

10. Unrestricted Funds

Unrestricted Funds
Balance at 1 April 2023
Net Movement in Funds for the period
Transfer between Funds
Balance at 5 April 2024		 4,099,595
(60,367)
4,039,228
£
Total		 4,080,486
(57,105)
4,023,381
£
Fixed Assets
Funds -
Designated		 General
Reserves
19,109
(60,367)
57,105
15,847
£

The Designated Fixed Assets Funds represents the Net Book Value of Fixed Assets and have been created as these represent funds not immediately available for charitable grants. Each period an amount is transferred to or from these funds which represents the movement in the Net Book Value of Fixed Assets in the period.

11. Related Party Transaction

During the period there were secretarial fees paid of £2,400 (year to 31/3/23 - £2,400) to Beth Lauffer who is the wife of one of the trustees, J S Lauffer.

12. Going Concern

There are no material uncertainties about the charity’s ability to continue as a going concern having regard to the level of the charity’s investment income, which is expected to be broadly unchanged for the future, and the substantial Net Assets as shown by the charity’s Balance Sheet at 5 April 2024.

13. Preparation of Financial Statements for a longer reporting period than 12 months

The change to the reporting period was made by the trustees for convenience so that future yearly accounts will coincide with the fiscal year. Accordingly, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.