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THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

CHARITY NUMBER 255496

Chartered Accountants Ground Floor, 31 Kentish Town Road London NWl 8NL

HENTONS

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

	Page
Trustees' Report	1 to 3
Independent Examiner's Repo1t to the Trustees	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 11
Schedule of Listed Investments	12 to 15

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees:

M Y Ben-Gershon # JS Lauffer# GD Cohen# Dr G L Lauffer # E Hacohen#

Trustees serving at the date of approval of the Trustees' Repmt.

Governing Document and Constitution Trust Deed dated 1 November 1965, as an unincorporated association in England. Charity Registration 255496 Number Charity Office 9 Heathcroft Hampstead Way London NWl 1 7HH Bankers Coutts & Co. 440 Strand London WC2R OQS Investment Managers Close Brothers Asset Management 10 Crown Place London EC2A 4 FT Accountants Hentons ( Chattered Accountants) Ground Floor, 31 Kentish Town Road London NWl 8NL

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES' REPORT ( continued)

The financial The h·ustees present their report and financial statements for the year ended 5 April statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's Trust Deed and applicable law.

Structure, Governance and Management

The trustees are named on page 1. Appointment of h·ustees is governed by the Trust Deed of the charity. The trustees are responsible for the day to day administration of the charity and hold periodic h·ustees' meetings.

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

Investment Powers

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

Objectives and Activities for Public Benefit

The Charitable Trust is constituted by Trnst Deed and its public benefit objectives and aims, and grant-makil).g policy, are to apply the Trust Fund and Income thereof for general charitable purposes.

Grant - Malting Policy

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

In furtherance of its public benefit objectives, during the year the charity made institutional grants of £230,807 for general charitable purposes, details of which are shown in note 3 of the Notes to the Financial Statements. The policy of the charity is to continue to apply the Trust Fund for general charitable purposes, as specified in the Trust Deed, for public benefit.

Achievements and Performance

The trustees consider that the perfonnance of the charity this year has been satisfactmy. During the year the charity made 110 institutional grants for the aforesaid general charitable purposes in suppmt of the public benefit activities of those institutions.

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

Financial Review

The principal source of income is inveshnent income.

Details of expenditure on charitable activities are shown in the Statement of Financial Activities on page 5 of the financial statements. Expenditure incurred during the year related to Charitable Grants, and Support Costs (Governance Costs) necessaty in relation to the charity's activities.

The charity's assets are held for the purpose of making Grants for general charitable purposes as specified in the Trust Deed dated 1 November 1965 and the Board ofTrnstees consider that the financial position of the charity at 5 April 2023 is satisfactmy to enable it to continue to make such Grants.

During the year Close Brothers Asset Management continued as Investment Managers of the charity's listed investments. During the year there were Realised Losses and Umealised Losses on listed investments of £2,233 and £265,064 respectively. The listed investments held by the charity have been acquired in accordance with the powers available to the Trustees. The 5 April 2023 value of the listed investments has been substituted for their historical cost and details are shown in note 5 of the Notes to the Financial Statements.

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST TRUSTEES' REPORT (continued)

Reserves Policy

The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in Fixed Assets. It is the policy of the charity to maintain free reserves at a level considered adequate to provide sufficient funds to enable it to meet its charitable commitments as they fall due; the free reserves amounted to £(9,038) at 5 April 2023. Designated Funds have been created up to an amount equivalent to the value of Fixed Assets held, as these represent funds not immediately available for charitable grants; at 5 April 2023 the Designated Funds amounted to £4,309,602.

Future Plans

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

Risk Management

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

Going Concern

There are no uncertainties about the charity's ability to continue as a going concern as indicated in note 10 of the Notes to the Financial Statements.

Statement of trustees' responsibilities

The trustees are responsible under the law applicable to charities in England and Wales and United Kingdom Accounting Standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) for preparing a Trustees' Annual Rep01t and financial statements for each financial year which give a true and fair view of the charity's income inancial and expenditure during the year and of its financial position at the end of the year. In preparing those f statements the trnstees are required to:-

(a) select suitable accounting policies, as described in note 1 of the Notes to the Financial Statements, and apply them consistently;
(b) observe the methods and principles in the Charities SORP;
( c) make judgements and estimates that are reasonable and prudent;
(d) state whether applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and statements of recommended practice have been followed, subject to any depattures disclosed and explained in the financial statements;
(e) prepare the financial statements on a going concern basis, unless it is inappropriate to presume that the charity will continue in operation, and on the accruals concept.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the fmancial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trnst Deed. The h·ustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

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

Approved 2 2 DEC 2023 Th�,�tru,teeson

and signed on their behalf by:

M.Y. Ben- Gershon (Trustee)

THE VIV ENNE AND SAMUEL COHEN CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VIV ENNE AND SAMUEL COHEN CHARITABLE TRUST

I report on the financial statements of the Charity for the year ended 5 April 2023, set out on pages 5 to 15.

Respective responsibilities of trustees and independent examiner

As described on pages 2 and 3, the charity's trustees are responsible for the preparation of the Trustees' Atmual Report and financial statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity has prepared "accruals basis" financial statements. I am qualified to undertake the independent examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to:-

examine the financial statements (under Section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the 2011 Act); and
to state whether paiticular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trnstees concerning any such matters. The procedures unde1taken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a "true and fair" view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:-

the accounting records were not kept in accordance with section 130 of the 2011 Act; or
the financial statements did not accord with the accounting records; or
the financial statements did not comply with the applicable requirements concerning the form in content of financial statements set out in the Charities (Accounts and Repmts) Regulations 2008 other than any requirement that the financial statements give a "true and fair view" which is not considered part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Use of this report

This repmt is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been unde1taken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's repo1t and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the independent examiner's statement.

Ground Floor	�-�i A Michell F.C.A.
31 Kentish Town Road	Hentons
London NWl 8NL	Cha,tered Accountants
2 2 DEC 2023

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023

		General Fund	General Fund
		2023	2022
	Notes
Income and Endowments
Investment Income	2	187,729	154,423
Endowments
Donation received	9	20,000
Bank Interest received		16	42
Income Tax Repayable		2,372	1,799
Total Income		£210,117	£156,264
			=====
Expenditure
Expenditure on Charitable Activities:
Direct Charitable Expenditure - Grants	3	230,807	191,015
Support Costs ( all Goverance Costs)	4	37,408	39,071
Total Expenditure on Charitable Activities		£268,215	£230,086
		===
Net (Outgoing) resources fr the year		(58,098)	(73,822)
Other Recognised Gains/(osses)
(Losses)/ Gains on Listed Investments:-
Realised		(2,233)	19,599
Umealised		(265,064)	222,958
Net Movement in Funds		(325,395)	168,735
Unrestricted Funds balance brought
forward at 6 April 2022		4,625,959	4,457,224
Unrestricted Funds balance carried
frward at 5 April 2023		£4,300,564	£4,625,959

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

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

The notes on pages 7 to 11, and pages 12 to 15, form prut of these Financial Statements.

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

BALANCE SHEET AT 5 APRIL 2023

Fixed Assets Listed Investments Current Assets Notes 5 Debtor (Amount held by Investment Managers) Sunchy Debtors Balance at Ban Less: Creditors: Aounts falling due within one year 6 Net Current (iabilities)/ Assets Net Assets Represented By: Designated Funds - Fixed Assets Umestricted Funds- General Reserves Total Charit Funds 8 8		2023 4,309,602 13,150 2,372 15,522 24,560 (9,038) £4,300,564 4,309,602 (9,038) £4,300,564	2022 45,747 1,799 7,038 54,584 19,440 4,590,815 35,144 £4,625,959 4,590,815 35,144 £4,625,959

The notes on pages 7 to 11, and pages 12 to 15, form prut of these Financial Statements.

Approved by the Board of Trustees on 2 2 DEC 2023

----- Start of picture text -----
M.Y. BEN-GERSHON
----- End of picture text -----

G.D. COHEN

and signed on their behalf by:-.

----- Start of picture text -----
....... '11 ........... .
DR G.L LAUFFER E.HACOHEN
----- End of picture text -----

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

I. Accounting Policies Charity Information

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

Basis of Preparation

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

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

The financial statements have depa1ted from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice 2005 which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in Sterling which is the functional currency of the charity. Moneta1y amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis in accordance with note 10 of the Notes to the financial statements.

Income

All income is accounted for as receivable by the charity. There were no permanent endowments received in the year (2022 - Nil).

Expenditure on Charitable Activities

Support Costs are charged on an accruals basis. Grants are charged in the year in which paid; they comprise donations to third-party institutions in accordance with the charitable objects of the charity and its public benefit objectives.

Fixed Assets - Investments

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

Funds Structure

Funds held by the charity are:-

(i) Designated Funds - these are funds set aside by the trustees out of Unrestricted General Funds for a specific purpose or reason.
(ii) Umestricted General Funds - these are funds which are immediately available to be used in accordance with the charitable objects at the discretion of the trustees.

Taxation

The Vivienne and Samuel Cohen Charitable Trust is a registered charity and is therefore exempt from Income Tax and Capital Gains Tax.

Value Added Tax

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

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 ( continued)

2. Investment Income

2023
2022
Dividends and Interest on
Listed Investments
187,729
154,423
Bank Interest
16
42
~~£1~~8~~7,7~~45
~~£15~~4~~,65~~
Direct Charitable Exgenditure- Grants
Number of
Number of
Grants in year
Grants in year
to 5/4/23
2023
to 5/4/22
2022
Charitable Donations:
Jewish Futures Trust
1
1,000
NaLaga'at
2
2,000
Misaskim NW London
1
1,000
B C Shaare Zedek UK
1
1,000
2
2,000
Chai Lifeline Cancer
1
1,000
1
1,000
Midrash Shmuel
2
6,500
World Jewish Relief
.1
5,000
1
5,000
Jewish Care
1
3,000
1
3,000
B'nai B'rith Hillel Foundation
1
3,000
1
3,000
British Friends of Netiv A
1
1,000
Arachim
1
1,000
2
2,000
Chasdey Y oel
1
1,500
1
1,250
Disabled Living Foundation
1
1,000
1
1,000
University Jewish Chaplaincy
2
7,000
1
2,000
Age UK
1
1,000
ACT
1
1,000
1
1,000
National Osteoporosis Society
1
1,000
1
1,000
Amutat Sedt Oz
1
2,000
Seed
1
1,200
1
1,200
Norwood
1
1,000
1
1,000
Friends of S H Hospital
1
5,000
1
5,000
Matan
2
4,000
1
2,000
Barts charity
1
2,000
1
2,000
Tomchei Shabbos Har Nof
1
1,500
2
6,250
Amit
1
1,000
Yeshiva Ma'arava
1
8,500
Israel Magen Trust
2
8,000
Mosaica Centre fr Confict Resolution
1
5,000
1
2,000
Kehilat Bnei Torah
1
2,000
Simon Marks Jewish Primaiy School
1
1,000
1
1,000
Y eshivat Har Etzion
2
4,000
Yad Vashem
1
1,000
1
1,000
Aish Hatorah
1
1,000
1
1,000
Chug Ha'amakim
2
4,000
2
4,000
Magen David Adorn UK
1
1,000
1
1,000
Leukaemia UK
1
1,000
1
1,000
Friends ofYad Sarah
1
1,000
1
1,000
British Friends of Ogen
1
20,000
Boys' Town Jerusalem
1
1,000
1
1.000
Cenh·al Square Minyan
1
2,000
Bridge Lane Beth Hamidrash
3
1,350
4
3,350
carried forward
46
105,050
38
68,550

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 (continued)

3. Direct Charitable Ex[!enditure - Grants (continued)

	Number of		Number of
	Grants in year		Grants in year
	to 5/4/23	2023	to 5/4/22	2022
brought forward	46	105,050	38	68,550
Shirat Yisrael	1	8,000	2	16,000
Hatzola NW Trust	1	1,000
Jerusalem Music Conservat01y Hassadna Friends of Tiferet Schlomo	1 1	2,000 6,000	1	2,000
Yeshivat Ohr Torah Stone	1	10,000	1	10.000·
Ahavat Hadassah	1	8,000	2	16,000
Tzvia Reshet Chinuchit Tormet			1	2,000
North London Welfare			1	1,000
YLT			3	2,750
Yeshivat Chevrat Hatora Jerusalem	2	8,300	1	3,700
Nachlas Bnei Shimon	1	2,000
Paamonim	2	2,000
Midreshet Migdal Or	1	1,000
Adi U K Friends of Afikim,	1 3	1,000 6,000	1	2,000
Yeshaya Adler Memorial Fund	2	16,000	3	16,500
UK Toremet	1	1,000	l	1,000
Y ad Eliezer Trust UCL Development Office	1 1	1,500 2,000	1	2,000
The Institute of Group Analysis	1	7,000
Mesila UK	1	3,000	1	2,500
Melabev	2	10,000	1	5,000
Karov Eli Leavraham	1	5,000	1	5,000
The Jerusalem Symphony Orchestra Center for Women's Justice	1 1	10,000 1,000	1	6,000
Chasdei Sholom	2	2,000	2	2,000
Shalem	1	2,000
BeitNatan			1	2,000
Beit Moreshet Maale Adumin			2	15,000
Aleh Charitable Foundation			1	1,000
Other (all less than £1,000)	33	9,957	29	9,015
	110	230,807	95	£191,015
			--
NOTE:- All grants were institutional grants for	the purposes of:-
Education	23	56,350	20	59,750
Religious Activities and Communal Medical Care and Welfare	10 22	40,000 20,250	10 22	40,000 26,000
Cultural and Recreation	14	16,607	9	10,915
Care and Welfare	41	97,600	34	54,350
	110	230,807	95 £191,015
	---		---	----

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 (continued)

4.	Support Costs (all Governance Costs)
	in respect of Charitable Activities		2023	2022
	Accountancy (£12,840) and
	costs oflndependent Examination (£3,000)		15,840	15,600
	Accountancy re previous years		240	240
	Administration expenses		421
	Investment Management Fees		20,409	22.632
	Bank Charges		498	599
			£37,408	£39,071
5.	Fixed Assets-Investments
	Listed Investments
	Market Value at 6 April 2022		4,590,815	4,477,552
	(Disposals) in year		(27,743)	(135,726)
	Acquisitions in year, at cost		11,595	26,031
	Net Umealised (Loss)_I_Gains		(265,065)	222,958
	Market Value at 5 April 2023:-
	(as valued by the Investment Managers Close Brothers Asset Mgmt.)		£4,309,602	£4,590,815
	Details of the Listed Investments held are shown on pages	12 to 15.
	Historical cost and value when settled of Listed Investments		£2,935,085	£2,979,812
			=-====
	The following investments comprised more than 10% of the total Listed Investments p01tfolio:
	Market Value at		5/4/23
	Experian Plc
	18,488 Ordinary Shares
	of 10 US Cents	£495,663
			2023	2022
6.	Creditors: Amounts falling due within one year
	Bank overdraft Accrnals		4,880 19,680	19,440
			£24,560	£19,440

7. Staff Costs and Trustees' Remuneration

There were no sta f costs or employees during the year (2022 - Nil).

No remuneration was paid to trustees in the ·year (2022 - Nil) and no expenses were reimbursed to trustees in the year (2022 - Nil).

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 ( continued)

Unrestricted Funds		Designated	General
	Total	Funds-	Reserves
		Fixed Assets
Balance at 6 April 2022	4,625,959	4,590,815	35,144
Net Movement in Funds
for the year-decrease	(325,395)		(325,395)
Transfer between Funds		(281,213)	281,213
Balance at 5 April 2023	£4,300,564 ====-====	£4,309,602 =====	(9,038) ===

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

9. Related Party Transactions

Donation received from a trustee, M.Y. Ben-Gershon, £20,000 (2022-Nil).

10. Going Concern

There are no material unce1iainties about the charity's ability to continue as a going concern having regard to the level of the charity's investment income, which is expected to be broadly unchanged for the future, and the substantial Net Assets as shown by the charity's Balance Sheet at 5 April 2023.

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023

	COST	MARKET VALUE
Royal Dutch Shell
2500 "B" Shares	30,246	59,075
South 32
7500 Ordinary Shares	7,914	17,175
Skipton Building Society
10000 12.875% Permanent
Interest-Bearing Shares	11,307	16,378
Land Securities Group
7500 Ordinaiy Shares	63,069	46,275
GlaxoSmithline
11,200 Ordinaiy Shares	148,390	166,566
Haleonplc
15000 Ordinaiy Shares	32,923	47,691
BT Group
14,000 Ordinaiy Shmes	38,353	21,870
Unilever plc
4000 . 031111 p Ordinaiy Shares	95,151	171,540
Astrazeneca
2500 Ordinary Shai·es	93,108	289,850
Antofgasta
4250 Ordinary Shares	42,144	48,393
BMO Commercial Property
100000 OrdimShares	113,869	84,600
Gilead Sciences Inc
450 Common stock	26,906	30,241
Centrica
9000 Ordinaiy Shares	28,965	9,846
carried forwmd	732,345	1,009,500

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)

		COST	MARKET VALUE
	brought forward	732,345	1,009,500
Burberry Group
11715 Ordina1y Shares		2,623	291,118
Experian Group
18,488 Ordinmy Shares		14,731	495,663
Vodafone Group
104545 Ordinmy Shares		120,692	93,516
Reckitt Benckiser
3750 Ordinmy Shares		112,542	237,600
BP
15000 Ordinary Shm·es		75,804	80,055
BHP Group Plc
3750 Ordinary Shares		58,747	90,469
British Land
15000 Ordinruy Shares		93,006	57,345
Legal & General
20000 Ordina1y Shares		49,828	46,950
Galliford T1y
30000 Ordinary Shares		30,414	50,820
640
Kier Group
65,652 Ordinmy Shares		190,062	44,297
Verizon Communications
6969 Common Stock		98,419	224,547
	carried forward	1,579,213	2,721,880

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)

	COST	MARKET VALUE
brought forward	1,579,213	2,721,880
Next Plc
300 Ordinary Shares	15,227	19,050
Persimmon Plc
4500 Ordinmy Shares	63,871	54,180
Rio Tinto Plc
2500 Ordinmy Shares	74,665	132,075
Sainsbmy (J) Plc
30000 Ordinary Shares	103,688	81,810
The Berkeley Group Holdings
2770 Ordinmy Shares	68,084	113,016
D S SmithPlc
73000 Ordinmy Shm·es	219,118	224,475
Apple Inc
3000 Common Stock	49,405	394,677
Inchcape Plc
7000 Ordinm·y Shares	44,259	51,135
Paypoint Plc
5000 Ordinmy Shares	42,168	23,025
Shaftesbmy Plc
5603 Ordinmy Shm·es	44,983	20,759
Close Brothers Group Plc
5000 Ordina1y Shares	73,127	42,925
Vishy Group Plc
17218 Ordinary Shares	234,046	128,446
canied forward	2,611,854	4,007,455

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)

		COST	MARKET VALUE
	brought forward	2,611,854	4,007,455
Headlam Group
15000 Ordinary Shares		69,157	45,300
Johnson Matthey
3200 Ordinary Shares		101,358	60,896
Morgan Sindall Group Plc
5000 Ordinary Shares		68,538	83,200
Sthree Plc
25000 Ordinaiy Shares		72,583	100,375
677 Woodside Energy Group		11,595	12,376
Total		£2,935,085	£4,309,602

2023-04-05-accounts

CHARITY NUMBER 255496

CONTENTS

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees serving at the date of approval of the Trustees' Repmt.

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES' REPORT ( continued)

Structure, Governance and Management

Investment Powers

Objectives and Activities for Public Benefit

Grant - Malting Policy

Achievements and Performance

Financial Review

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST TRUSTEES' REPORT (continued)

Reserves Policy

Future Plans

Risk Management

Going Concern

Statement of trustees' responsibilities

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VIV ENNE AND SAMUEL COHEN CHARITABLE TRUST

Respective responsibilities of trustees and independent examiner

Basis of independent examiner's report

Independent examiner's statement

Use of this report

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

BALANCE SHEET AT 5 APRIL 2023

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

I. Accounting Policies Charity Information

Basis of Preparation

Income

Expenditure on Charitable Activities

Fixed Assets - Investments

Funds Structure

Taxation

Value Added Tax

2. Investment Income

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 (continued)

3. Direct Charitable Ex[!enditure - Grants (continued)

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 (continued)

7. Staff Costs and Trustees' Remuneration

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 ( continued)

9. Related Party Transactions

10. Going Concern

SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST SCHEDULE OF LISTED INVESTMENTS AT 5 APRIL 2023 (continued)