THE JOSEPH & LENA RANDALL CHARITABLE TRUST
Reglstered Charlty No. 255035
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
6 APRIL 2023

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
CONTENTS
Pago
Trust Infonnation
Rgport of the Trustee
Report of thg Audltor
Statement of Financlal Activities
Balancg Shget
Statement of Ca$hflow8
10
Accounting Policle8
Notes to thg Flnancial Statements
13-17

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
TRUST INFORMATION
Trustee
Rofrano Trustee Services Ltd
Registered offl¢e
Suite 1
3rd Floor
11-12 StJames's Square
London
SW1 Y 4LB
Banke
Rothschild Trust Guemsey Ltd
P O Box 472, Sl Peters House, Le Bordage
Sl Peter Port
Guernsey ICII GYI 6AX
AudRor
PKF Littlejohn LLP
Statutory Auditor
15 Westferry Circus
Canary Wharf
London E14 4HD
Investment Managers
Rothschild Bank International Limited
St Julian's Court
St Peter Port
Guernsey GY13BP
Charity Regl$tratlon Number
255035

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE TRUSTEE
YEAR ENDED 5 APRIL 2023
The Trustee p￿sents its report and the audited financial statements of the tharity for the year ended 5 April
2023. Thè Trustee has adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their financial statements in acCOrdar￿ UK Generally
Accepted Accounting Practice
Objects and Publlc Beneflt
The Trust was e5tsblished by a Deed of Settlement on 15 November 1967, exclusively for charitable purposes,
at the discretion of the Trustee. The Trustee has had regard to the proposals Gontained in the Charity
Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in
planning future activities.
The Trustee re￿iVed many appeals during the year, and a number of new charities have benefited from our
philanthropy for the first lime. All appeals are vetted scrupulousty and we try to respond sympathetically
wherever possible, with the exception of circular letters and appeals from individuals that are not ac￿dIted.
The Joseph & Lena Charitsble Trust is a public benefit entity.
Activities during the Year, Reserves and Investment Pollcy
The Fund consists of predominanlty medium lo longer dated bond investments, but also a selecb'on of equitses
and funds, producing a regular income stream, which after deduc16on of professional fees and adminislratsve
costs {Ihe Trustee charges no costs whatsoever itself for any services) is distributed lo a selection of
ovewhelmingly U.K. but also a handful of overseas registered charities, many of whom we have provided
decades of regular support.
Although we examine any appeals we receive and these are reviewed by our Iruslee, due to income constraints
it has proved difficult to be able to offer support without depriving our regular beneficiaries, especially during the
last decade of ex￿edinglY low interest rates.
In the financial year to 5 April 2023. our investments were negativety impacted by two gignificanl. and not entirely
disconnected, emerging trends.
Firstly, as already predicted our report last year, severe financial sanctions Imposed on a swathe of Russian
borrowers in the international fixed income markets, as the international community rebuked Russia's
unprovoked fijrther annexation of Ukraine, after 24 February full invasM)n.
The impact spectficalty in our case was on two holdings". Russsan Railways (7.487% RZD Capital PLC 2011-311
and Gazprom14.25Vo NTS Gaz Capital SA 2017-06.04.24}.
The former is impeded by international sanctions from paying its covenanted regular interest coupons, which
depletes out distributable income, and explains why ils price in the market is quoted at a 300￿ discount to PAR.
Gaz Capital has continued to disburse scheduled semi-annual interest payments,. however, it is unclear if these
bonds will be redeemed at PAR, and if not the nature of such default and ils impact on investors. It happens
that the earlier maturity happens to fall on the first day of our next financial year 06.04.24- 05.04.25 so the
outcome is not likely to be evident., were Gaz Capital to defer reimbursemenl, tantarTh)unt to defaulL the market
would mark the price down from the present low 80'$DA to next lo zero.
Hence our annual income remains depleted for however long these impediments interrupt the ability of those
borrowers to seNice their debt, and the market prices have been slashed accordingly. This was unpredictable
and beyond our own purview. and clearfy in hindsight we ought not to have invested in any Russian counters.
though previously considered solid credits.
The second observed trend was the surge in inflation Iworldwidel and consequenlty savage marking down of
values of fixed income investments as an ursprecedented fiscal ts'ghtening led by the U.S. Federal Reserve and
pursued closely by the ECB and the Bank of England, intended to combat these inflationary forces, exponentially
raised the discount frdGtor as policy interest rates were brutally raised.
Significantly. given 90°h of our fund is invested in Sterling denominate assets l¢oncomitant￿ our charities have
always been overwhelmingly British organisalionsl the British ￿ntral bank base rate was 0.75¥o when our
financial year commenced, and ended at 4.250/0 by its close. That is an increase by a f&tor of nearly 6.

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE TRUSTEE
YEAR ENDED 5 APRIL 2023
our bond portfolio remained unusually 5￿Uld throughout the year as we lth)k prophylactic action to exit several
very long positions that are a￿ayS the most vulnerable to a sharp increase in the discount rate. However this
strategy plus the redemption of several other counters that we were hesitant to replace whilst yields were rising,
thus making the book values vulnerable to write downs, meant that our income was affected delrimenlally, an
we were obliged to restrict our donatlOf)s and we were regrettably unabte to respond positively lo so many
worthy appeals, whilst on th8 Other hand we tried our very best to sustain our donations lo our regular charities
that we have been endowing often for rreny decades.
Statement of our solvenc
asa
oin
concem
On behalf of Rofrano Trustee Services Ltd the Directors declare that in their opinions that The Joseph & Lena
Randall Charitable Trust is in a position of robust solvency and strong financial good health (currently al the
time of writing) with net assets, easily liquidable, of approximately £1.9m and that it can meet all and any
liabilities over at least the next 12 rrK)nlhs and moreover extending into the foreseeable future.
In the year lo 5th April 2023 our total income was £72,494, compared to £69.848 in the previous year. Our
grants decreased slightly to £69,770 compared to £70,611 the previous year.
Over the 12 months the market value of our investment fund decreased marginalty from £1,880,381 to
£1,852,319. On revaluation, al the latest dale available at the time of writing this report our portfolio has
increased 7.5'h to £1,991,956.
Our governance costs decregsed slightly from £9,407 to £8,973. Every year we emphasise that our Trustee
does not charge any salaries, fees or in¢idenlal expenses nor for office administration, all of which are offered
gratuitously.
Trustee
Rofrano Trustee servi￿ Limited is the appointed Trustee to the Trust. The D1￿ctOrS of the Trustee Company
throughout the year were..
D A Randall
B Y Randall
A C Randall
Financlal Posltion
Details of the Tnjsl's incoming and o¥Jtgoing resources in the ye8r are given in the Statement of Financial
Activities on page 8. The Trusvs financial position at 5 April 2023 is set out in the Balance Sheet on page 9.
Rlsk Management
The Trustee has examined the strategic 2nd operational risks which the Trust fa¢es and confirms that steps that
are appropriate lo the Trust have been taken to mitigate these risks.
Reserves policy
The Trustee's policy is lo prudently distribute recurrent net income, after disbursement of administrative
expenses, including professional fees, generated by the Trust's portfolio. However, as all ftjnds are potenlsally
available for distribution, the Trustee does not feel that it needs lo maintain a specific level of reserves.

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE TRUSTEE
YEAR ENDED 5 APRIL 2023
Statement of trustee'8 responsiblltties
Law 8pplicable lo charities in England and Wales requires the Trustee lo prepate Financial Statements for each
financial year which give a true and fair view of the Chanty's financial aclivits'es during the year and rts financial
position at the end of the year. In preparing those Financial Statement5 to give a true and fair view, the Trustee
should follow best practice and..
select suitable Accounting Policies and then apply them consislenlly,.
• observe the rnethods and principles of the Charities, SORP, Accounting and Reporting by Charities,.
make judgments and accounting estimates that are reasonable and prudent,.
stale whether applicable United Kingdom Generally Accepted Accounting Practice (United Klngdom
Accounting Standards and applicable law} has been followed, disclosing and explaining any
departures there from in the Financial Slalements." and
prepare the Financial Statements on the going concern basis unless it is inappropriate to presume
that the Trust will continue in operation.
The Twstee is responsible for keeping adequate accounting records that are sufficient to show and explain the
Charity's Iransaclions and which disclose wrth reasonable accuracy at any time the financial posrtion of the
Charity and which enables the Trustee to ascertain the financial position of the charity and lo ensure that the
financial statements comply with applicable law and regulations. The Trustee is also responsible lor
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fr8ud and other irregularibes.
Member¥ of the Trustee Board
Members of the Trustee Board, who served during the year and up to the date of thi$ report. are set out on page
We certify that.
So far as we are aware, there is no relevant audit information of which the ¢harty's auditors are
unaware,. and
We have taken all the steps that we ought to have taken in order to make ourselves aware of any
relevant audit information and lo establish that the charity's auditors are 8ware ol that information.
f the Trustee
Director
For and on behalf of Rofrano TfU5tee Services Limited
ROFRANO TRUSTEE SERVICES LIMITED
R8gisi&red ffi￿.. Suite 1-3rd Floor- 11112 SlJames's Square
SW1Y4LB
Registered in England & Wales Company N. 06621707
Directors .' D.A. Ranclall. Y.M. Randall, AC Randali
2024

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE INDEPENDENT AUDITOR
Oplnlon
We have audited the financial statements of The Joseph & Lena Randall Charitable Trust (the 'charity'l for the
year ended 5 April 2023 which comprise the Statement of Financial Activities, the Balan￿ Sheet, the Statement
of Cashflows and notes lo the financial ststemenls, including significant accounting policies. The financial
reporting framework th81 has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including FRS 102 rhe Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the state of the charfty's affairs as at 5 April 2023, and of its incoming
resour￿$ and application of reSOu￿8S, including its income and expenditure, for the year then ended.,
have been property prepared in accordance wrth United Kingdom Generally Accepted Accounting
Practi￿,. and
have been prepared in acLordance with the requir8metnts of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in a¢cordance with International Standards on Auditing IUKI IISAS IUK}l and applicable
law. Our responsibilities under those standards are further described in the Auditorf5 responsibilities for the audit
ofthe financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statomenls in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢luslons relatlng to going concem
In audrting the financial statements, we have concluded that the trustee's use of the going con¢em basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfom)ed, we have not identified any material uncert8inties reL8ting to events or
conditions that, individually or collectivety, may Gasl significant doubt on the charity's ability lo continue as
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustee with respect to going concern are described in the
relevant sections of this report.
Other inlomia*ion
The other infomation comprises the information included in the report of the Iru5tee, other than the financial
statements and our auditor's report thereon. The trustee is responsible for the othér information contained
within the report of the trustee. Our opinion on the financial statements does not cover the other InfoTm8tion and
we do not express any form of assurance conclusion Ihereon. Our ￿SpOnsIbl11ty is tr) read the other information
and, in doing so, consider whether the other information is materially in¢onsistent with the financial statements
or our knowledge obtained in the course of the audit, or otherwise appears to be materially misststed. If we
identity such material inconsistencies or apparent material mi55tstemenls, we are reqUI￿d to detemiine whether
this gives rise lo a material misstatement in the financial Statements themselves. If, based on the work we have
perfomied, we ¢on¢lude that there is a material misststement of this other information. we a￿ required lo report
that fact.
We have nothing to rep)rt in this regard.
Matters on whleh we are r9quired to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities IAccounts and
Reports) Regulations 2008 require us to report lo you If, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the report
of the trustee., or
sufficienl accounting records have not been kept,. or
the financial statements are nol in agreement with the accounting records., or
we have not re￿iVed als the information and explanations we require for our audit.

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE INDEPENDENT AUDITOR
Responsibilities of the trustee
As explained more fully in the statement of trustee's responsibilities statement, the trustee is responsible for the
preparation of financial ststements which give a true and fair view, and for su¢h internal control as the Iruslee
determines is necessary to enable the preparation Of finan¢ial statements that are free from material
misstatement, whether due to fraud or error.
In prep8rirsg the financial statements, the trustee is responsible for assessing the charity's ability to continue as
going concern, disclosiTrg, as applicable, matters related to going concern and using the going concern basis
of accounting unless the trustee either intends to liquidate the charity or to cease operations, or have no realistic
alternative but lo do so.
Auditor's responsibllitigs for th• audlt of the financial statsments
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS detect a material misstatement when it exists. Misststemenls can arise
from fraud or error and a￿ considered material if, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic decisions of users taken on the basis of these ffnancial stalemenls.
Irregularities, including fraud, a￿ instances of non-compliance with laws and regulations. We design prO￿dureS
in line with our responsibilities, oullined above, to delect material misstatemenls in respect of irregularities,
including fraud. The extent tr) which our procedures are capable of detecting irregularities. including fraud is
detailed below..
We obtained an understan¢Jing of the charity and the sector in which it operates to identify laws and
regulations that could reasonably be expected to have a direct effect on the financial statements. We
obtained our understanding in this regard through discussions with management, industry research,
application of cumulative audit knowledge and experience of the sector.
We determined the principal law5 and regulalDns relevant to the charity in this regard to be those arising
from the Charities Act 2011 and Charities IAccoLJnts and Reports) Regulations 2008.
We designed our audit procedures to ensure the audit team considered whether there were any
indications of non-compliance by the charity with those laws and regulations. These prO￿dureS
included, but were not limrted to enquiries of management and review of minutes.
Wo also identified the risks of material misstatement of the financial statements due lo fraud. We
consider any other risk, in addition io the non-rebuttable presumption of a risk of fraud arising from
rnanagement override of controls.
As in all of our audits, we addressed the risk of fraud arising from management override of controls by
performing audit Pro￿dureS which included, bul were not limited to. reviewing accounting estimates for
evidence of bias", and evaluating the business rationale of any significant t￿nSaCtiOnS that are unusual
or outside the nomial course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all itregularities, including
those leading lo a material misslalement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected In the financial statements, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than effor, 89 fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financi81
Reporting Council's website at.. www.frc.or
.uklauditorsres
auditor's report.
onsibilities. This description fomis part of our

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
REPORT OF THE INDEPENDENT AUDITOR
Use of our report
This report15 made solely to the charity's trustee, as a body, in accordance with Part 4 of the Charities {Accounts
and Reports) Regulation5 2008. Our audit work has been undertaken so that we might slate lo the charity's
trustee those matters we are ￿qUired to state lo it in an auditor's retx)rt and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the
harity's Iruslee as a body, for our audit work, for this report. or for the opinions we have formed.
////,/ IL/
PKF Llttlejohn LLP
Statutory Audltor
15 Westterry Circus
Canary Wharf
London E14 4HD
30 January 2024
PKF Littlejohn LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment
as auditor of a company under section 1212 of the Companies Act 2006

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Ilncluding Income and Expenditure Account)
YEAR ENDED 5 APRIL 2023
2023
2022
Unrestricted
Funds
Total
Unrestricted
Funds
Total
Note
Income from:
Investments
72,494
69,848
Total In¢ome
72,494
69.848
Expenditure on:
Charrtable aclivilies
178,8061
180,0861
Total expendituro
(78.806)
(80,086)
Gainslllossesl on investments
Foreign exchange losses
12,838
{5,4121
1276,7221
1581
Net Incomellexpenditure)
1,114
1287,018)
Net movement In fundg
1,114
1287,018
Reconcilialion of funds:
Total funds brought forward
1,915,456
2,202,474
Totsl fund8 carried forw•rd
1,916,570
1,915fv56
All income and expenditLsre derive5 from continuing activities.
The statement of fi'nancial activib.es Includes all gains and losses re￿nISed during the year
The Accounting Policies and Notes on pages 11 to 17 form part of Ihese financial statements.

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
BALANCE SHEET
AT 6 APRIL 2023
2023
2022
Note
FIX￿ assets
Investments
1.852,319
1,880,381
Current ass•ts
Debtors
Cash at bank and in hand
23,765
45,763
22.432
17,620
69,528
40,052
Croditors: amounts lalllng dug withln on• year
5,277
14,977)
Net ¢urront assets
64,251
35,075
Not assets
1,916.570
1,915N56
Charity Funds
Unrestricted funds
1.916,570
1,915,456
Total Funds
1,916,570
1,915,456
The financial ststements were approved and authorised for tssue by the Tntstee on
Signed on behalf of the Trustee
024.
ROFRANO TRUSTEE SERVICES LIMITED
D A Randall, Dlrector
Rofrano Trustee SeNices Limited
Trustee
Régister￿ Cffii*'. Sulte 1.3rd Roor- 11112 Sl Jawd*Swar8
London SW1Y4LB
Regksler8d In EnglarKI & Wales Company N. 06621707
Directors- D.A. Rand811, Y.M. Randall. A.C Randall
The Accounting Pollcles and Notes on pages 11 to 17 fonn pari of these financsal statements.

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
STATEMENT OF CASHFLOWS
AT S APRIL 2023
2023
2022
Note
Cash flow from operallng acuvlties
(79,8391
(73,5091
Nel cash flow {used Inl op9ratin9 activities
(79,839)
173,5091
Cash flow from investing actlvlties
Payments lo acquire investments
Receipts from sales of investrnents
Dividends, interest and rents received from investments
Movement in cash held at investment managers
Foreign exchange losses
1293,5101
157,317
72,494
171,681
1186,6021
408,446
69,848
1221,9431
158}
Net cash flow provided by investing activities
107.982
69,749
Change In cash and cash equivalonts in the year
28.143
{3.7601
Cash and cash equlvalents at 6 April
17,620
21,380
Cash and cash equlvalents at 5 April
45,763
17.620
Cash and cash equival8nts Conslsts of:
Cash at bank and in hand
45,763
17,620
Cash and cash equlvalents at 5 April
45,763
17,620
The Accounting Policies and Notes on pages 11 to 17 fonn part of these financial stalemenls.
10

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
ACCOUNTING POLICIES
YEAR ENDED 5 APRIL 2023
General Informatlon and basis of prèparation
The Joseph and Lena Randall TNst is a charity in the United Kingdom The address of the registered Offi￿ is
given in the charity information on page 2 of these financial statements. The nature of the charity's operations
and principal activities sum>unds grant giving to charitable organisalions.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their financial st81emenls in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, and UK Generalty Accepted Practice
as it applies from 1 January 2019.
The accounts (financial slatementsl have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair
view,. This departLJre has involved following Accounting and Reporting by Chalities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather
than the Accounting and Reporting by Charities.. Slalemenl of Recommended PracliTr effecb've from 1 April
2005 which has since been withdrawn.
The financial 5tstemenls are prepared on a going conom basis under the historical cost convention nv)dified
to include ￿rtain items at fair value. The financial statements are prepared in sterling which is the ftjnclional
Currency of the charity.
The significant accounting policies applied in the p￿para￿on of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise slated.
Ib) Funds
Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of the general objectives
of the charity and which have not been designated for other purposes.
Investment management charges and legal advice relating lo the fund are charged against the fund.
qcl Income recognltion
All incoming resoLkrces are included in the Statement of Financial Activities ISOFAI when the charity is legally
entitled lo the income, after any performance conditions have been met, when the amount can be measured
reliabty 2nd when it is probable that the incorne will be received.
Income from donations is recognised on receipt, unless there are conditions attached to the donation that require
a level ot performance before entitlement can be obtained. In this case income is deferred until those conditions
are fully met or the fvlfilment of those eonditsons is within the control of the charity and it is probable that they
will be fulfilled.
{d} Expenditure rgcognitlon
All expenditure is accounted for on an accru8ls basi5. Expenditure is recognised where there is a legal or
conslruclive obligation to make payment5 to third parties, it is probable that the selllement will be required and
the amount of the obligation can be measured reliably. It is calegorised under the following headings..
Expenditure on charitable activities includes grants payable (see note 1).
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable to third parties are included in expenditure on charitable acltvities. Where unconditional grants
are made, these amounts are recognised when a conslruclive obligation is created, typically when the recipient
is notified that a grant will be made lo them. lthere grants are conditional on performance, then the grant Is only
recognised once any Unfu￿lled conditions are outside of the control of the charity.
Sypport costs are those that assist the work of the charity bul do not directly represent charitable activities and
include bank costs and governance costs. They are incurred directty in SLFPPOrt of expenditure on the objects of
the charity. Such costs are shown separately on the SOFA.
11

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
ACCOUNTING POLICIES
YEAR ENDED 5 APRIL 2023
(e) Tax
The charity is an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and is consider8d
to pass the tests set out in Paragraph 1 Schedule 6 of the Finance knt 2010. It therefore rrEets the definits.on
of a charitable company for UK corporation lax purposes.
{fj Flxed asset investments
Fixed asset investments a￿ accounted for at fair value, with gains and losses recognised in the Statement of
Financial Activities.
{g} Foreign Currgncies
Transaelions in foreign currencies are recorded at the rate of exchange ruling 81 the dale of the transaction.
Monetsry assets and liabilities denominated in foreign currencies are translated al the rale of exchange ruling
al the baoance sheet date. All drfference5 are taken to the Ststemenl of Financial Activities.
(h) Judgments and estimate8
There are no significant judgments or estimates in the financial statements other than investments for which the
policy has been disclosed.
(i) Going Concom
The Trust is considered to k a goin9 con￿rn as there are sufficient funds in place.
12

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED S APRIL 2023
Charftable Activlties
1.1. Analy818 of expendtture on ¢haritable activities
Costs related
to charitable
a¢tivities
Support
osts
2023
Total
2022
Total
Grant awards
69,770
9,036
78,806
80.086
69,770
9,036
78.806
80,086
Expenditure on charitable activities was attributable to unrestricted funds.
1.2. Supportcosts
2023
Total
2022
Totsl
Bank charges
Govemance costs (see note 1.3)
63
8,973
68
9,407
Total support costs
9,036
9,475
1.3. Govemance costs
2023
2022
Auditorfs remuneration
Legal and professional fees
5,500
3,473
5,315
4,092
8,973
9.407
No trustee expenses have been incurred in either year.
13

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2023
1.4. Anatysis of grants
Recipients of grants to Institutlons:
Grants payable in the year individually valued at more than £750 a￿ as follow5..
2023
2022
EX
AMPA
Aldenham School
Blond Mclndoe
Bournemouth War Memorial Homes
Brain and Spine Foundation
Cancer Research UK
Chain of Hope
Childhood First
Chnstie Charitable Fund
CLIC Sargent
CST
Cystic Fibrosis
Diabetes UK
FFDJF
Eglise Orthodoxe Russe
Fight for Sight
Great Ormand Street Hospital
Hol¢)caust Educational Trust
Hulltinglon's Disease Association
Jewish Association for the Physically Handicapped
Jewish Deaf Association
Jewish Lads and Girls Brigade
Leukaemia Fund
Listening Books
Macular Society
Memorial De la Shaoh
Motor Neurone Disease Association
TV Stsying Alive Foundation
Nighlingafe House
Norwood
Not Forgotten Association
Oxford & St George's Jewish Yosjth Trust
Prostale Cancer UK
Queen Elizabeth Birmingham
Restoration of Appeara￿ and Function Trust
Royal Marsden Cancer Charity
Royal National Institute for Deaf People
Royal National Institute of Blind People Charity
Rural Coffee Caravan
Save the Children Fund
Skeleton Cancer Trust
SCAT
SENSE
SHINE
wizo
Wellbeing ofwomen
1,000
2,500
1,500
1,000
1,000
1,500
2,000
2,000
2,000
1,000
2,000
5,000
1,000
5,000
1,000
1,000
2,500
1,000
1.000
1,000
1,500
2,000
2,000
2,000
1,000
2,000
5.000
1,000
5,000
1.000
1,000
2,000
1,000
1,000
1,000
2,000
1.000
1,000
1,000
2,000
1,000
1,000
1.000
1.000
859
1,000
1,000
3.000
2,500
1,000
1,000
1,000
2,000
1,000
2,500
1,000
2,500
1,000
2.000
1.000
1,CK)O
1,000
1,000
884
1,000
1,000
3,000
2,500
1.000
1.000
1.000
2,000
2,500
1,000
2,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
Carried forward
67.884
69,193
14

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2023
1.1. Analysis of grdnts {continued)
Brought forward
67,884
69,193
Individual grants for £750 or less
1,886
1,418
Total grant award8
69.770
70,611
Grants in both years were made from unreslrided funds.
Net expenditure for the year
Nel expendrture is stated atter ¢harging".
2023
2022
Auditor remuneration
5,500
5,315
Flxed asset investments
2023
2022
Market value al beginning of year
Additions in the year
Disposals al opening market value in the year
Gainsl{Losses}
1,618,984
293,509
(162,7281
12,838
2,127,502
186,602
{418,3981
1276.7221
arket valug at end of year
1,762,603
1,618,984
Cash hold In Investments
At beginning of year
Movement in the year
261,397
1171,681)
29.560
231,837
At end of year in the year
89,716
261,397
Investments value at end of year
1,852,319
1,880.381
The historic co$1 at the end of the year was £1,873,36912022 - £1,759,858).
15

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2023
Debtors
2023
2022
Accrued bond interest
23,765
22,432
Cr•ditows: amounts falllng due within one year
2023
2022
Accruals
Creditors
5,277
4,977
4.977
Funds reconclliation
Unrgstrlcted funds movement analysis year ended 5 Aprfl 2023
Balance ot 6
Aprll 2022
Galns I
Ilossesl
Income
Balance at S
April 2023
Expenditure
Income
Capital
1,048,814
866,642
72.494
{78,8061
7,426
1,049,928
1.915M56
72,494
178,806
7,426
1,049.928
Unrestri¢ted funds movement analysls year endgd 5 April 2022
Balanc• ot 6
Aprll 2021
Gains I
(losse81
Balanco at 5
April 2022
Income
Expendituro
Income
Capital
1,335,832
866.642
69,848
(80,086} 1276,780)
1,048,814
866.642
2,202.474
69,848
180,086) (276,708)
1.915,456
16

THE JOSEPH & LENA RANDALL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED S APRIL 2023
Reconciliation of net expenditure to net cash flow from operating actlvftles
2023
2022
Net exp8ndrture for year before gains and losses
{6,3121
{10,2381
Dividends, interest and rents from investments
IlncreasellDecrease in debtors
Increasel{Decreasel in creditors
172,4941
{1,333}
300
169,8481
10,869
14,2921
Net cash flow from operating actbvities
(79,839)
173,509)
ultimate controlling party
The ultimate controlling party is the Trustee, Rofrano Trustee Services Limited.
The Tnjstee was not remunepted nor reimbursed any expenses during the year.
There have been no transactions with the Trustee during the year.
17