2021-04-05-accounts - The Joseph And Lena Randall Charitable Trust

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	Page
Trust Information
Report ofthe Trustee	2-3
Statement ofTrustee Responsibilities
Report ofthe Auditor	5-7
Statement ofFinancial Activities
Balance Sheet
Statement ofCashflows	10
Accounting Policies	11-12
Notes to the Financial Statements	13-17

Trustee			Rofrano Trustee Services Ltd	Rofrano Trustee Services Ltd
Registered	office		Suite 1 3"Floor
			11-12StJames's Square
			London
			SW1Y4LB
Bankers			Rothschild Trust Guernsey Ltd P0 Box472, StPeters House,		Le Bordage
			StPeter Port
			Guernsey (Cl) GY1 6AX
Solicitors			Berwin Leighton
			Adelaide House
			London Bridge
			London EC4R 9HA
Auditor			PKF Littlejohn LLP
			Statutory Auditor
			15Westferry Circus
			Canary Wharf
			London E144HD
Investment	Managers		Rothschild Bank International	Limited
			StJuliane Court
			StPeter Port
			Guernsey GY1 3BP
Charity Registration		Number	255035

					2021	2020
				Note	E	E
Fixed assets
Investments				3	2,157,062	1,951,041
Current assets
Debtors					33,301	35,225
Cash at bank	and	in	hand		21,380	8,128
					54,681	43,353
Creditors: amounts			falling due within one year		(9,269)	(4,436)
Net current assets					45,412	38,917
Net assets					2,202,474	1,989,957
Charity Funds
Unrestricted	funds			8	2,202,474	1,989,957
Total Funds					2,202,474	1,989,957

				2021	2020
			Note	6	6
Cash flow from operating	activities			(71,970)	(99,292)
Net cash flow (used in) operating activities				(71,970)	(99,292)
Cash flow from investing	activities
Payments to acquire investments				(74,737)	(168,454)
Receipts from sales of investments				100,000	186,926
Dividends, interest and rents received		from investments		87,624	96,162
Movement in cash held at investment managers				(25,594)	9,219
Foreign exchange losses				(2,271)	(4,688)
Net cash flow provided by	investing	activities		85,222	98,967
Change in cash and cash	equivalents	in the year		13,252	(325)
Cash and cash equivalents	at 6 April			8,128	8,453
Cash and cash equivalents	at 5April			21,380	8,128
Cash and cash equivalents	consists	of:
Cash at bank and in hand				21,380	6,128
Cash and cash equivalents	at 5April			21,380	8,128

.Ana	lysis ofexpenditur	e on charitable activities
		Costs related	Support
		to charitable	costs	2021	2020
		activities		Total	Total
		5		5
Grant	awards	69,411	9,315	78,726	97,294
		59,411	9,315	78,725	97,294

1.2. Support co	sts
			2021	2020
			Total	Total
			F	5
Bank charges			61	179
Forex losses			197	72
Governance	costs (see	note 1.3)	9,057	8,944
Total support costs			9,315	9,195
1.3.Governance costs
			2021f	2020 5
Auditor's remuneration			4,958	4,833
Legal and professional		fees	4,099	4,111
			9,057	8,944

Grants payable in the year	Grants payable in the year	individually	individually	valued at more than 8750 are as follows:	valued at more than 8750 are as follows:
					2021	2020
					8	8
Action on Hearing Loss					1,000	1,000
AJEX					1,000	1,000
AMPA					2,500	1,250
Aldenham School					1,000	2,500
Blond Mclndoe					1,000	1,000
Bournemouth War Memorial			Homes		1,000	1,000
Brain and Spine Foundation					1,500	1,500
British Heart Foundation						1,000
Cancer Research UK					2,000	2,000
Chain of Hope					2,000	2,000
Childhood First					2,000
Christie Charitable Fund					1,000	1,000
CLIC Sargent					2,000	2,000
CST					5,000	11,000
Cystic Fibrosis					1,000	1,000
Diabetes UK					5,000	5,000
FFDJF					1,000	1,000
Fight for Sight					1,000	1,000
Great Ormand Street Hospital					2,000	2,000
Holocaust Educational	Trust				1,000	1,000
Huntington's Disease Association					1,000	1,000
Jewish Association for the		Physically		Handicapped	1,000	1,000
Jewish Deaf Association					2,000	2,000
Jewish Lads and Girls Brigade					1,000	1,000
Leukaemia Fund					1,000	1,000
Listening Books					1,000	1,000
LPO PACA					911	850
LSE Foundation						7,500
Macular Society					1,000	1,000
Motor Neurone Disease	Association				1,000	1,000
MTV Staying Alive Foundation					1,000	1,000
National Deaf-Blind 8 Rubella			Association		1,000	1,000
Nightingale House					3,000	3,000
Norwood					2,500	2,500
Not Forgotten Association					1,000	1,000
Oxford &StGeorge's Jewish			Youth Trust		1,000	1,000
Prostate Cancer UK					1,000
Queen Elizabeth Birmingham					2,000	2,000
Restoration ofAppearance		and Function Trust			1,000	1,000
Royal Marsden Cancer	Charity				2,500	2,500
Royal Opera House						7,500
Royal National Institute	of Blind People Charity				2,500	2,500
Rural Coffee Caravan					1,000	1,000
Save the Children Fund					1,000	1,000
SCAT					1,000	1,000
SHINE					1,000	1,000
WIZO					1,000	1,000
Wellbeing ofWomen					1,000	1,000
Carried forward					68,411	87,600

	1.1. Analysis ofgrants (continued)	1.1. Analysis ofgrants (continued)	1.1. Analysis ofgrants (continued)
	Brought forward				68,411	87,600
	Individual grants for9750	or less			1,000	500
	Total grant awards				69,411	88,100
	Grants in both years were	made from unrestricted		funds.
2.	Net expenditure for the year
	Net expenditure is stated after charging:
					2021	2020
					E	F
	Auditor remuneration				4,958	4,833
3.	Fixed asset investments
					2021	2020
					6	F
	Market value at beginning	ofyear			1,947,075	2,060,193
	Additions in the year				74,737	188,454
	Disposals at opening market value		in the year		(100,000)	(186,927)
	Gains/(losses)				205,690	(114,645)
	Market value at end ofyear				2,127,502	1,947,075
	Cash held in investments
	At beginning ofyear				3,966	13,185
	Movement in the year				25,594	(9,219)
	At end ofyear in the year				29,560	3,966
	Investments value at end	ofyear			2,157,062	1,951,041

3.	Fixed asset investmen	ts (continued)	ts (continued)
	The following individual	investments are considered		to be significant	in relation	to the total	value of the
	investment portfolio.
						2021
						F
	5% NTS BUPA Finance Pic					109,993
	5.375% EMTN Roche	Finance	Europe			114,122
	4.25% NTS Gaz Capital SA					161,931
	3.75% NTS Petroleos	Mexicanos PEMEX				181,886
	4.25% EMTN Goldman	Sachs	Group (nc			114,396
	5.5%NTS AT&7 Inc					183,227
	3.375%NTS Anglo American		Capital Pic			161,842
	7.487% NTS RZD Capital Pic					138,027
	4.875% NTS Imperial	Brands	Finance Pic			121,573
	4.875% NTS General	Electric	Co			234,582
	Debtors
						2021f	2020f
	Accrued bond interest				33,301		35,225
5.	Creditors: amounts falling due within one year
						2021f	2020f
	Accruals					4,577	4,436
	Creditors					4,692
						9,269	4,436

Unrestricted	funds	movement analysis	year end	ed 5April 2021
		Balance at 6			Gains I	Balance at 5
		April 2020f	Income f	Expenditure f	(losses)f	April 2021f
Income		1,123,315	87,824	(78,726)	203,419	1,335,832
Capital		866,642				866,642
		1,989,957	87,824	(78,726)	203,419	2,202,474
Unrestricted	funds	movement analysis	year ended 5April 2020
		Balance at 6			Gains I	Balance at 5
		April 2019 F	Income f	Expenditure f	(losses)f	April 2020f
Income		1,243,980	96,162	(97,294)	(119,533)	1,123,315
Capital		866,642				866,642
		2,110,622	96,162	(97,294)	(119,533)	1,989,957

Reconciliation ofnet expenditure	Reconciliation ofnet expenditure	to net cash flow from operating	activities
			2021	2020
			5
Net expenditure for year before	gains and losses		9,098	(1,132)
Dividends, interest and rents from		investments	(87,824)	(96,162)
Decrease/(Increase) in debtors			1,924	(2,137)
Increase in creditors			4,832	139
Net cash flow from operating	activities		(71,970)	(99,292)