THE JOSEPH & LENA RANDALL CHARITABLE TRUST Registered Charity No. 26503S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024
THE JOSEPH & LENA RANDALL CHARITABLE TRUST CONTENTS Page Trust Infomiation ROF)Ort of thg Trustee R8POrt of thg Auditor Stat8m8nt of Financial Actlvlties Balance Sheet statement of Cashflows 10 Accounting Policies Not88 to the Flnanclal Statements 13-17
THE JOSEPH & LENA RANDALL CHARITABLE TRUST TRUST INFORMATION Tru8toe Rofrano Trustee Services Ltd Reglstered officè Suite 1 3rd Floor 11-12 St James's Square London SW1Y 4LB Bankers UBS Swilzerland AG Postfach 8098 Zuric Audltor PKF Littlejohn LLP Stslutory Auditor 15 Westlerry Circus Canary Wharf London E14 4HD Investment Managers UBS Switzerland AG Postfaeh 8098 Zurich Charlty Règlstrallon Number 255035
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE TRUSTEE YEAR ENDED 6 APRIL 2024 The Trustee presents report and the audited financial statements of the charity for the year ended 5 April 2024. The Trustee has adopted the provisions of Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charitles preparing their financial statements in acGordance UK Generally Accepted Accounting Practice. Objects and Public Benefit The Trust was established 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 contsined in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectsves and in planning future activities. The Trustee received rnany appeals during the year. and a number of new charities have benefited from our philanthropy for th8 first lime. All appeals are vetted scrupulously and we ty to respond sympathetically wherever possible, with the exception of circular letters and appeals trom individuals that are not accredited. The Joseph & Lena Charitable Trust is a public benefflt enlity. Activities durlng the Year, ReseNes and Investment Policy 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 at tfve time of writing wllh nel assets, easily liquid table, of approximately £1.8 million and that it can meet all and any liabilities over al least the next 12 rnonths and moreover extenéing into the foreseeable future. In the year to 5th April 2024 our total income increased 10 £87,908 from £72,494-the previous period lan increase of £15,414 or 21 Yo}. Our grants increased year on year to £74,641 (£89,770 the previous yearl. Over the 12 months the market value of our investment fund decreased marginally from £1,852,319 ta £1.821.197. At the lime of wribng this report our portfolio has recovered 11.5% 10 £2,029.842 since year end, compared with £1,991,956 at this time, last year. Our governance costs diminished to £8,562 from £8,973 The Fund consists of predominantly medium to longer dated bond investments, but also a selection of equrtie5 and funds, producing a regular income stream, which after deduction of professional fees and administrative ccsls Ithe Trustee charges no costs whatsoever itself for any services) is distributed lo a selection of overwh&lrningly U.K. bul also a handful of accredited overseas registeTed charities, to many of whom we have provided decades of regular support. All bona fide appeals we recèivè are considered by our trustee, and we respDnd accordingly," we should like to be able to off8r support to many more Worthy causes. however due to income constraints, and our obligab.on to not deprive our regulai beneficiaries, il has proved arduous to expand the list. In the financial year lo the 5th April 2024. on mutually compatible grounds it was agreed to discontinue our long association with Rolhsehild Trust Guemsey ICII Ltd and open a new banking relalionshlp with UBS Swilzerland AG. and this was n8golialed on favourable lems and the migration expediently executed very satisfactorily for all concerned. Last year we reported on the impact of financial sanctions imposed on the couple of Russian bonds in our portfolio resulting from Russia's invasion of Ukraine 2 ye8rs ago,. although merely one day after the end of our 202314 financial period, we are pleased to report that our Gazprom issue was fully reimbursed at its scheduled maturity of 6.04,2024 and no income was forfeited during our tenure. Meanwhile we had decided with Rothschild lo dispose of our position in Russian Railways {7.487% RZD Capital PLC 2011-311 al 70tr/0 and reinvest the proceeds_ With about 6 years further to run lo maturity, sanctioned due to the invasion of Ukraine. with no lull in the conflict in sight, this issue is effectively in default and in breach of covenanL and with no foreseeable Income being distributed, we were better off selling the position and reinvesting in an Income producing asset.
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE TRUSTEE YEAR ENDED 5 APRIL 2024 Statement of trustee's responsibilities Law applicable to charities in England ané Wales requires the Trustee lo prepare Financial Statements for each financial year which give a true and fair view of the Chanty's financial activities during the year and ils financial position al the end of the year In preparing those Financial Statements to give a true and fair view, the Trust88 should follow best practice and". select suitable A¢¢ounting Policies and then apply them cc)nsist8ntly', observe the methods and principles of the Charities, SORP, Accounting and Reporting by Charities,. make judgments and aceounling eslimales that are re8son8ble and prudent", slate whether applicable Uniled Kingdorn Generally Accepted Accounting Pfftclice (United Kingdom Accounting Stsndards and applicable lawl has been followed. disclosing and explaining any departures Iheie from in the Financial Stalemenls., and prepare the Fin8neial Statements on the going concern basis unle55 11 is inappropria18 to presume that the Trust will continue in operation. The Trustee is responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and which disclose with reasonable accuracy at any time the financial p051tion of the Charity and which enables the Trustee lo ascertain the financial position of the charity and to ensure that the financial statements comply with applicable law and regulations. The Trustee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. Members of the Trustee Board Members of the Trustee Board, who served during the year and up lo the dale of this report, are set out on page We Certify that.. So far as we are aware, there is no levant audit information of which the charity's auditors are unaware., and We have taken all the steps that we ought to have laken In order lo make ourselves aware of any relevant audit information and lo establish that the charity's auditors are aware of that infgimation. Trustee all Director For and on behalf of Rofrano Trustee Services Limited 2025
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE TRUSTEE YEAR ENDED SAPRIL 2024 Since our last report the surge in inflation has moderated after robust and concerted action by the wortd's central banks, and th& U.S. Fed has been the most relu¢tantto reduce rates. whilst Ihe econory has proved so resilient., yet Europe has suffered from pallid growth and political irnbroglios. whilst the US Dollar strengthened against all major currencies. The British eeonomy has been battered by adverse circumstances, and under Starmer's Labour regime, conffidence has been eroded as the budget deficit has delerioraled, the econorny has stagnated, and potential tariffs from the new Trump adminislralion would negatively impact the balance of payments,. meanwhile as we write The Bank of England is widely expected to cut present rates by /4% from 4.75°1o to 4.50 /0 Notwith5tsnding these headwinds. given our fund is overwhelmingly invested in Sterling denominated asset5, and eoncomilantly overwhelmingly supports British charities, we are not vulnerable to currency mismatch hazards. Having previously prophylactically trimmed Ihe duration of our bond portfolio during the recent unprecedented rise in interest rates, and with the benefit of several bond maturities, we were able lo profil from opportunities and anomalies lo rebuild our bond book emphastzing posits'ons with enticing yields and lock in longer durations. Trustee Rofrano Trustee Seices Limited is the appointed Trustee lo the Trust. The Directors ol the Trustee Compony Ihroughout the year were.. D A Randall B Y Randall A C Randall B J Rand811 (appointed 22 Dec8mber 20231 Financial Positlon Details of the Trust's incomir)g and outgoing resources in the year a given in the Statement of Financial Activities on page 8. The Trust's financial position at 5 April 2024 is set out in the Balance Sheet on page g. Risk Management The Tfustee has examined the strategic and operational risks which the Trust fac8s and confirms that steps that are appropriate lo the Trust have been taken to mitigate these nsks. Rèsèrves policy The TnJslee'$ policy is lo prudently distribute recurrent nel income, after disbursement of adminislratsve expenses, including professional fees, generated by the Trust's portlolio. However, as all funds are potentially available for distnbution, the Trustee does not feel that il needs lo maintain a specific levèl of reserves,
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE INDEPENDENT AUDITOR Oplnlon We have audited the financial statements of The Joseph & L8na Randall Charitable Trust (the 'charity'l for the year ended 5 April 2024 which comprise the Slalemenl of Financial Activities. the Balance Sheet, the Statement of Cashflows and notes lo the financial statements. including significant accounting policies. The financial reporting Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicabl8 in th& UK and Republic of Ireland United Kingdom Generally Accepted Accounting Practscel. In our opinion the financial 5tstemenls'. give a true and fair view of the 81ate of the charity's affairs as al 5 April 2024, alld of ils incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charilies Act 2011. Basis for opinion We conducted our audit in a¢cordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. OLJr responsibilities under those standards are further described in the Auditor's responsibilities forthe audit ofthe financial statements section of our ieport. We are independent of the charity in accordance with the ethical requiremen15 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in aceordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion ConclusSons relatlng to going concem In auditing the financial slatemenls, we have concluded that the trustee's use of the going eoncern basis ol accounting in the preparation of the firsancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or ¢ondition5 that. individually or coll8clively, may cast signifi¢ani doubl Dn the charity's ability to continue as a going ¢oncem for a period of at least e1ve months from when the financial statements are aulhorised for issue Our respon5ibililies and the responsibilities of the trustee with respect to going concern are described in the relevant sections of this reporl. Other Information The other inftrmiation comprises the Information included in the report of the trustee, other than the financial slatemerbls and our audltor's report thereon. The trustee is fftsponsible for the other information contained within the report of the trustee. Our opinion on the fi'nancial statements does not cover the other information and we do not express any forrn of assurance conclusion Ihereon. Our responsibility is lo read the olhei information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained In the course of the audit. or olhemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whether this gives rise lo a material misstatement in the financial stslemenls themselves. If, based on the work we have pertormed, we conGlude that there is a material misstatement of this other inforrnation. we are required to report that fact. We have nothing to report in this gard. Matters on which we are roquired to report by exception We have nothing lo report in re5P8cI of the following matters In relation lo which the Charities IAccounls an Reports) Regulations 2008 require us to report lo you if, in our opinion". the infomation givgn in the financial statements is inconsistent in any material respect with the report of the trustee., or Sufficient accounting records have not been kept", or the financial statements are nol in agreement with the accounting records., or w8 have not received all the information and explanations we require for our audit.
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE INDEPENDEpif AUDITOR Responsibilities of the trustee As explaillecl more fully in Ihe statement of trustee's responsibilit185 statement. the Iruslee 15 responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustee determines is necessary to ersable the preparab'on of financial slatements that are free from material misstatement, whether due lo fraud or error. In pr8paring the financial slaternenls, the trustee is responsible lor assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going ¢on¢em and using the going ccncem basis of accounting unless the Iruslee either intends to liquidate the charty or to cease cperalions, or have no realistic alternative bul to do so. Auditor's responsibilitigs for the audit of the financial statements We have been appointed a5 auditor under section 145 of the Charities Act 2011 and report in accordan 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 to issue an auditor'5 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 always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respe¢l of irregularities, including fratsd. The extent to which our procedures are capable of delecling irregularities. including fraud is detailed below We obtained an understanding 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 stslemenls. We obtsined our understanding in this regard through discussions with management, industry reseah, application of cumulative audit knowledge and experience of the sector. Vve deterrnined the principal laws and regulations relevant to the charity in this regard lo be those arising from the Charities A¢1 2011 and Charities IA¢¢ounts and Reports) Regulations 2008. We designed our audit procedures lo ensurè the audit team considered whether there were any indications of non-compliance by the charity with those laws and regulations. These procedures included, bul w8re not limil8d ID 8nquiri8s of management and review of minutes. We also identified the risks of material rnisstatemenl of the financial statements due lo fraud We consider any other risk. in addition lo the non-rebullable presumption of a risk of fraud arising from management override of controls As in all of our audits, we addressed the risk of fraud arisin9 from management override of controls by performing audit procedures which included, but W8r8 not limited to. r8viewing accounting estimates for evidence of bias.. and evaluating the business ralionale of any significant transactions that are unusual or outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk Increases the more that compliance with 8 law or regulation is removed from the events and transactions reflected in the financial statements, as we will be sS likely to become aware of Instances of non-compliance The risk is also greater regarding Irregvlarities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further des¢fiption of our responsibilrties for the audit of the financial statements 15 Ifxaled on the Financial Reporting Gouncil'8 website al.. YThvw frG or .uklaudilor8res onsibilities. Thi8 description forms part of our audil0rf5 report.
THE JOSEPH & LENA RANDALL CHARITABLE TRUST REPORT OF THE INDEPENDENT AUDITOR Use of our report This report is made solely la the charity's trustee, as a body, In accordance with Part 4 of Ihe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's trustee those matters we are required lo slate to il in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accepl 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. ////, PKF Littlejohn LLP Statutory Auditor 15 Weslferry Circus Canary Wharf London E14 4HD 5 February 2025 PKF Littlejohn LLP is eligible for appointment as auditor of the ¢harity by virtue of its eligibility for appointment as auditor of a company under section 1212 Df the Companies Act 2006
THE JOSEPH & LENA RANDALL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES Ilncluding Income and Expenditur& Account) YEAR ENDED 5 APRIL 2024 2024 2023 Unrestricted Funds Total Unrestrlcted Funds Total Note Income from: Investments 87.908 72,494 Total in¢ome 87,908 72.494 Expenditure on.. Charitable activities 183,9111 178,806} Total oxpenditure (83,9111 178,8061 ILossesllGains on inve5tmellts Foreign exchange gainslllossesl Gain on sale of investments 1114.7211 150 29,583 12,838 15,4121 Net (expenditurelllncome 180.9911 1.114 Net movement in funds {80,991) 1,114 Reconciliation of funds- Total funds brought forward 1,916,570 1,915,456 Total funds carried forward 1,835,579 1,916,570 All income and expenditure derives from continuing activities The slatemenl of financial activities includes all gains and losses recognised during the year The Accounting Policies and Notes pages 12 to 18 form part of these financial ststemenls.
THE JOSEPH & LENA FIANDALL CHARITABLE TRUST BALANCE SHEET AT 5 APRIL 2024 2024 2Q23 Note Fixed assets Investments 1,821,197 1,852,319 Current ass&ts Debtors Cash at bank and in hand 30,082 23.765 45,783 30,082 69,528 Creditors- amounts falling due within one year 15,7001 15.2771 Net Current assets 14,382 64.251 Nèt assets 1,835,579 1,916,570 Charlty Funds Unreslricled fvnds 1.835,579 1,916,570 Total Funds 1,835,579 1.916.570 The financial statements were approved and authorised for issue by the Trustee on 025. Signed on behalf of the Trustee Randall, Director Rofrano Trustee Services Limited Trustee The Accountlng Policies and Notes on pages 12 to 18 form part of these financial ststements.
THE JOSEPH & LENA RANDALL CHARITABLE TRUST STATEMENT OF CASHFLOWS AT 5 APRIL 2024 2024 2023 Note Cash flow from operating activities 179,804} 179,8391 Net cash flow {used In) operatlng actlvities 179,8041 179,8391 Cash flow frorn investing actlvlties Paymenls to acquire Investments Receipts from sales ctf investments Dividends and interest received from investments 11,615.9971 1,500,345 93,401 1293,5101 157,317 72,494 Net cash flow providgd byllused ill} invostiTrg activiti08 {22.251) 63,699 Change in cash and Cash Oquivalents in the year 1102,055) 116,1401 Cash and cash equivalents at 6 April 135,479 151,619 Cash and cash equivalents at 5 Aprll 33.424 135479 Ca6h and cash equivalents consists of: Cash al bank and in hand Cash held by investment manager 45,763 89,716 33,424 Cash and cash equivalents at S April 33,424 135,479 The Accounting Policies and Notes on pages 12 to 18 fomi part of these finan¢ial statements. 10
THE JOSEPH & LENA RANDALL CHARITABLE TRUST ACCOUNTING POLICIES YEAR ENDED S APRIL 2024 Gengral infomiation and basis of prnpawation The Joseph and Lena Randall Trust is a charity in the United Kingdom. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operalions and principal activities surrounds grant giving to charitable organisations. The charity constitutes a public benefit enlty as defined by FRS 102 The financial statements have been prepared in accordance with Accounting and Reporting by Charilie5'. Statement of Recommended Practice applicable to charib'es preparing their financial statements in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, and UK Generally Accepted Practice as il applies from 1 January 2019, The aoUnts Ifinancial slatemenlsl have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provi¢Je a 'true and fair view.. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ralhei than the Aeeounling and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical c051 convention, modified lo include certain items at fair valu@. Th8 financial Statements are prepared in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out bel9w. These policies have been consistently applied to all years presented unless otherwise staled. bl Funds Unrestricted funds are available for use al the discretion of the trustees in furtherance Df the general objectives of the charity and which have not been designated for other purposes. Investment management charges and legal advi relating to the fund are charged agair)st the fund. cTr Income rocognltlon A11 incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income, after any performance eondilions have been mel, when the amount can be measured reliably and when il is probable that the income will be reeeived. Income from donations 15 recognised on receipt. unless there are conditions attached to the donation that require a level of perfomiance before entitlement can be obtained. In this case income is deferred until those conditions are fully mel or the fulfilmenl of Ih05e conditions is within the control of the charity and il is probable that they will be fulfilled. {d) Expenditure recognition All expenditure is accounted for on an accruals basis Expenditure is recognised where there is a lega1 or construetive obligation lo make payments lo third parties, It is probable that the selllemenl will be required and the amount of the obligation can be measured reliably. It is calegorised undef the following headlngs.. Expenditure on charitable activities includes grants payable (see note 11. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are in¢luded in expenditure on ¢harilable activities. Vvhere unconditional grants are Made, these amounts are recognised when a constructive obligation is created. typically when the recipient is notified that a grant will be made to them. Where grants are conditional on performance, then the grant is only re¢ognised ollce any unfulfilled conditions are outside of the control ol the charity Support costs are those that assist th8 work of the charity bul do not directly represent charitable aclivilie5 and include bank costs and governance costs. They are Incurred directly In sUPPOrt of expenditure on the objec15 of the chaiity. Such costs are shown separately cn Ihe SOFA. 11
THE JOSEPH & LENA RANDALL CHARITABLE TRUST ACCOUNTING POLICIES YEAR ENDED 5 APRIL 2024 le} Tax The charity 1$ an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and is considered ID pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010. It therefo mee15 the definition of 8 charitable company for UK corporation tax purposes. lfj Fixed asset investments Fixed asset investments are accounted for al fair value, with gains and losses r&cogni58d in the Statement of Financial Activities. Ig) For9ign Currencies Transactions in foreign curreneies are recorded al the rate of exchange ruling at the dale of the transaction. Monetary assets and liabilitie5 denominated in fOren currencies are translated al the rate of exchange ruling at the balance sheet dale. All differences are taken lo the Statement of Financial Activities. Ihl Judgments and e8timate8 There are nD significant judgments or estimates in the financial statements other than investments for which the policy has been disclosed. li} Going Concern The Trust is considered to be 8 going concern as there are sufficient funds in place. 12
THE JOSEPH & LENA RANDALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Charitable Activities 1.1. Anatysis of expenditurn on charitable aetivitlOS Costs related to charitable actlvltles Support costs 2024 Total 2023 Total Grant awards 74,641 9,270 83,911 78.806 74,641 9,270 83,911 78,806 Expenditure on charitsble activities was attributable to unrestricted funds. 1.2. Support costs 2024 Total 2023 Total Bank charyes Governance costs (see note 1.3) 2.708 6,562 63 8.973 Total 6UPIKIrt costs 9,270 9,036 1.3. Govèrnance costs 2024 2023 Audiloffs remuneration Legal and professional fees 5,700 862 5,500 3,473 6.562 8.973 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 2024 1.4. Analysis of grants Recipients ol grants to Institutions: Grants payable in the year Individually valued at more than £750 are as follows.. 2024 2023 AJEX AMPA Aldenham School Blond Mclndoe Bournemouth War Memorial Hornes Brain and Spine Foundation Cancer Research UK Chain of Hope Childhood First Christie Charitable Fund CLIC Sargent CST Cystic Fibrosis Diabetes UK FFDJF Fight for Sight Great Ormand Stre8t Hospital Holocaust Educational Trust Hunlinglon's Disease Association Jewish Deaf Association Jewish Lads and Girls Brigade Leukaemia Fund Listelling Books Macular Society Memorial De la Shaoh Mission Enfance (Monaco) Motor Neurone Disease Association MTV Slaying Alive Foundation Nightingale House Norwood Not Forgotten Association Oxford & Sl George's Jewish Youth Tmst PrDState Cancer UK Queen Elizabeth Birmingham Resloralion of Appearance and Function Trust Royal Marsden Cancer Charity Royal National Institute for Deaf People Royal National In51ilute of Blind People Charity Rural Coffee Caravan Save the Children Fund Skeleton Cancer Trust SCAT SENS SHINE zo Wellbeing ofwomen 1.000 2.500 1,000 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 2,000 1,000 1,000 2,000 1,000 1,000 1,000 1,000 1.000 1,500 2,ODO 2,000 2,000 1,OQO 2,000 10,000 1,000 5,000 1,000 1.000 2.000 1,000 1.000 2.000 1,000 1,000 2,000 1,000 853 860 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,ODO 1,000 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 Carried forward 73,213 67,884 14
THE JOSEPH & LENA RANDALL CHARITABLE TRUST NQTES TO THE FINANCIAL STATEMENTS YEAR ENDED S APRIL 2024 1.1. Analysis of grants {continued) Brought forward 73,213 69,193 Individual grants for £750 or less 1,428 1,418 Total granl awards 74,641 70,611 Grants in both years were made from unrestricted funds. Net expendituro for the year Nel expenditure is stated after charging. 2024 2023 Auditor ffmuneration 5,700 5,500 Fixed ass•t investments 2024 2023 Market value at beginning of year Additions in the year Disposals at opening markel value in the year ILossesllGains 1,752,603 1,615,997 11,476,106) 1114,7211 1,618,984 293,509 1182,7281 12,838 Market value at end of yoar 1.787,773 1.762,603 Cash held in investments At beginning of year Movement in the year 89,716 156,2921 261,397 1171,6811 At end of year In the year 33,424 89,716 Invgstments value at end of year 1,821,197 1,852,319 The historic cost at the end of the year was £1.615.99712023 - £1,873,369). 15
THE JOSEPH & LENA RANDALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 6 APRIL 2024 Debtors 2024 2023 Accrued bond interest 30,082 Crnditors: amounts lalllng due wlthin ong year 2024 2023 Accrua15 Grants payable 11,707 3,993 5,277 1S,700 5.277 Funds recon¢lllatlon Unrestricted funds movement analysis year ended 5 Aprll 2024 Balance at 6 April 2023 Gains 1 (losses) Balanc• al S April 2024 Income EXpendIre Income Capital 1.049,928 866,642 87.908 183,9111 {84,988) 968,937 866,642 1.916,570 111.673 183,9111 {84,9881 1,835,579 Unrestricted funds movement analysis year ended 5 April 2023 Balance at 6 Aprll 2022 Galns I 1105se51 Balance at 5 April 2023 Income ExpBndlture Incoffle Capital 1,048,814 866,642 72,494 178,8061 7,426 1.049.928 866,642 1.915A56 72A94 {78.806) 7,426 1,916,570 16
THE JOSEPH & LENA RANDALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Rèeoneiliation of nat •xp•nditur• to n•t cash flow from operating activitie8 2024 2023 Nel lexpendilurellincome 180,gg1) 1,114 DIVendS and interest from Investments Lossesiigainsl on investmènts Foreign exchange Igainslllosses Gain on sale of investmènts Increase in debtors Increase in creditors 193,4011 120,215 11501 129,5831 16,3171 10.423 172,4941 112,838) 5.412 {1,3331 300 Net ¢a$h flow from operating activiti 179,8041 {79.8391 ultimate controlling party The ullimale controlling paty is the Tru51ee. Rofrano Trustee seices Limited. The Trustee was not remunerated nor reimbursed any expenses during the year. There have been no transactions w5th the Trustee during the year. 17