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 Se￿ices 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 resea￿h,
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 a￿oUnts 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 fOre￿n 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
EXpendI￿re
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
DIV￿endS 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 se￿ices 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