OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-04-05-accounts

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

CHARITY NUMBER 255496

Hentons Chartered Accountants

Ground Floor 31 Kentish Town Road London NW1 8NL

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

CONTENTS

Page
Trustees’ Report 1 to 3
Independent Examiner’s Report to the Trustees 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11

Page 1

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees - M Y Ben-Gershon #
- J S Lauffer #
- G D Cohen #
- Dr G L Lauffer #
- E Hacohen #
# Trustees serving at the date of approval of the Trustees’ Report.
Governing Document
and Constitution - Trust Deed dated 1 November 1965, as an
unincorporated association in England.
Charity Registration
Number - 255496
Charity Office - 9 Heathcroft
Hampstead Way
London NW11 7HH
Bankers - Coutts & Co.
440 Strand
London WC2R 0QS
Investment Managers - Close Brothers Asset Management
10 Crown Place
London EC2A 4FT
Accountants - Hentons
(Chartered Accountants)
Ground Floor,
31 Kentish Town Road,
London NW1 8NL

Page 2

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

TRUSTEES’ REPORT (continued)

The trustees present their report and financial statements for the year ended 5 April 2024. The financial 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 trustees 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 trustees’ meetings.

The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. 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 training 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 Trust Deed and its public benefit objectives and aims, and grant-making policy, are to apply the Trust Fund and Income thereof for general charitable purposes.

Grant – Making 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 £268,415 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 performance of the charity this year has been satisfactory. During the year the charity made 107 institutional grants for the aforesaid general charitable purposes in support 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.

Financial Review

The principal source of income is investment 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) necessary 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 of Trustees consider that the financial position of the charity at 5 April 2024 is satisfactory 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 Unrealised Gains on listed investments of £2,432 and £85,417 respectively. The listed investments held by the charity have been acquired in accordance with the powers available to the Trustees. The 5 April 2024 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.

Page 3

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 £(2,003) at 5 April 2024. 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 2024 the Designated Funds amounted to £4,239,431.

Future Plans

The charity intends to continue making institutional grants for the aforementioned charitable purposes, 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 Report and financial statements for each financial year which give a true and fair view of the charity’s income and expenditure during the year and of its financial position at the end of the year. In preparing those financial statements the trustees are required to:-

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial 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 Trust Deed. The trustees 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 trustees having had regard to the substance of the reported transaction 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

This report was approved by the trustees on 3 February 2025

and signed on their behalf by:

……………………………

M.Y. Ben- Gershon (Trustee)

Page 4 THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR FNDED 5 APRIL 2024 INDf4.PF.NI)F.NT F.XAMINF,R'S RF.PnRT TO I'IIF, TRUSI'fi.fi,S o]r THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST I report on ihe financial stalemenis of Ihe ChaTlty foT the yeaT ertded 5 April 2024, set out tsn pages 5 to I l. R¢5P¢Ctivc I'CSP0115ibilitlCs ofti'ustef5 and independent examiiier As des¢i'ibed on w4ge$ 2 itnd 3, the chaTlty's tlV5tees are Irsponsible for the preparalion of the Tr1151ee5' AiinuRI Repoil and rinanGial 5talemenls. 'I'he GhaTity'5 tru51ees considei. that ali aiidit 15 not required for this )'ear iiiidei. seclion [44 of Ilie ehqi'ilies Act 2011 (the 2011 Act) and thal an iiidependeiit exaiiiination 15 needed. Tlie Chai'ily has prepared'accruals basis" riiiAiicial slaleinent5. 1 am qiialified to iiiideilake the iiidependenl examination b}, being a qualified tnember of the Inslilule or Chartered Accoiintaiits in England and Ivales. 11 is tn), Irsponsibilily lo'.- ckaminc tlie fJnat]cial statements lundcr Section 145 of the 2011 Ael). to folloii, the pi'oceduiES laid doii'n it) (he General DiiEclions given by the Chaiily Commissioners (und¢i' Se¢lioo 14515)Ib} of the 2011 Act}., and 10 biaie ivheihei. ]Yarti¢ular maiieT5 have ¢oin¢ lo my allention. Basis of independent exAniinei s irpoi't My cxaniination iyas caiyicd out in accoj'datjce ii'iih the General DiiEclions given by the Charity Commissioners. A cxamijiatioji includc5 a i'eviciv of the accoEintittg J'ecords kept by the charity and comparison of the financial sialements presented ivith those ircords. It also includes consideration of any vnusiial items oi. disclo.%ures in the fjnancial staiemenis, and seeking explanations from the Iruslces concerning any siich niaiiei3. The procedures urtdertaken do not provid¢ all the evidenee thai ivoiild be iEqiiii'ed in an &udit and con.8eqvenily rto opittion is 8iv¢n as io ivheiher Ihe finan¢ial s¢aiemenis present a'true and fatr" vieiv and the repoii is limited ¢0 ihose n)aiiers sei out irt lh¢ statett)eni b¢loiv. Independent exaniiner'5 Statement In ¢onn¢¢iion iviih Iny examinaiioii, iio matter his come to my attention ivliich give5 me reasonable cause to believe that in any matei'ial re5pect'.- the accoiinling Tecord5 Ivere not kepl in accordance iyiih Section 130 of the 2011 Act. or the financial slalements did iiot accord iyiili the accounliiig recoi'ds., oi. the financial statements did iiot comply ivith the applicable Irquiirmenls concei'ning Ilie form in content of fiiiancial slalemen15 sel out iii the Charities (Accoun15 and Repoi%51 Regiilalions 2008 oihci. Ihan any Irquiirment that the fjnanctal slalemen15 give a'li'iie and fail. vieiv" ii,liich is not consideird pail of an ijidcpcndcnt examinalioji. I have come a¢r0s5 no oth¢i' tnatteTS in ¢onne¢iion iyith the examination lo ivhich attention should be draivn in order to enable propel. understsnding of the finanrial 51atEnien15 to be Teach¢d. Use of thls i'epoJ* This rcpoil is Jiiade solely to the charity's Iriislces, as a body, in accordatjce ivilh the Charities Ael 2011. My ivork has been undertakcn so Ihai I might slalc to Ilie charit) s Ii'iislees those mallers l att) iEquiiEd io stale lo them in an independeni examiner's report and foi. no othci. puipose. To the fullesi exteni perniiiied by laiv, I do not aecepl or aq8ume responsibility 10 anyone oiher than the ehai'ily and the ¢hariiy's trustees as a body, for my iVOTk, foi. this rtpori, oi. foi. Ihe indepetLden¢ examiner's siatemenl. Ground floor 31 Keniish Toivn Road London NWI 8NI. Hentons Chaiieird A¢¢ounthnis 3 Febiuary 2025

Page 5

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2024

Notes
Income and Endowments
Investment Income
2
Endowments
Donation received
9
Income Tax Repayable
Total Income
Expenditure
Expenditure on Charitable Activities
:-
Direct Charitable Expenditure - Grants
3
Support Costs (all Governance Costs)
4
Total Expenditure on Charitable Activities
Net (Outgoing) resources for the year
Other Recognised Gains and (Losses)
(Losses)/Gains on Listed Investments:-
Realised
Unrealised
Net Movement in Funds
Unrestricted Funds balance brought
forward at 6 April 2023
Unrestricted Funds balance carried
forward at 5 April 2024		 2024
General Fund
156,988
-
-
2,299		 2023
General Fund
187,745
-
20,000
2,372
159,287
£		 210,117
£
268,415
36,991		 230,807
37,408
305,406
£		 268,215
£
(146,119)
(2,432)
85,417		 (58,098)
(2,233)
(265,064)
(63,134)
4,300,564		 (325,395)
4,625,959
4,237,430
£		 4,300,564
£

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 form part of these Financial Statements.

Page 6

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

BALANCE SHEET AT 5 APRIL 2024

Notes
Fixed Assets
Listed Investments
5
4,239,433
Current Assets
Debtor (Amount held by Investment Managers)
62,864
Sundry Debtors (amounts falling due within one year)
2,292
Balances at Bank
-
65,156
Less
: Creditors:
Amounts falling due within one year
6
67,159
Net Current Liabilities
(2,003)
Net Assets
4,237,430
£
Represented By
:
Designated Funds - Fixed Assets
8
4,239,433
Unrestricted Funds – General Reserves
8
(2,003)
Total Charity Funds
4,237,430
£
2024		 Notes
Fixed Assets
Listed Investments
5
4,239,433
Current Assets
Debtor (Amount held by Investment Managers)
62,864
Sundry Debtors (amounts falling due within one year)
2,292
Balances at Bank
-
65,156
Less
: Creditors:
Amounts falling due within one year
6
67,159
Net Current Liabilities
(2,003)
Net Assets
4,237,430
£
Represented By
:
Designated Funds - Fixed Assets
8
4,239,433
Unrestricted Funds – General Reserves
8
(2,003)
Total Charity Funds
4,237,430
£
2024		 Notes
Fixed Assets
Listed Investments
5
4,239,433
Current Assets
Debtor (Amount held by Investment Managers)
62,864
Sundry Debtors (amounts falling due within one year)
2,292
Balances at Bank
-
65,156
Less
: Creditors:
Amounts falling due within one year
6
67,159
Net Current Liabilities
(2,003)
Net Assets
4,237,430
£
Represented By
:
Designated Funds - Fixed Assets
8
4,239,433
Unrestricted Funds – General Reserves
8
(2,003)
Total Charity Funds
4,237,430
£
2024		 2023 2023
62,864
2,292
-		 4,239,433
(2,003)		 13,150
2,372
-		 4,309,602
(9,038)
65,156
67,159		 15,522
24,560
4,237,430
£		 4,300,564
£
4,239,433
(2,003)		 4,309,602
(9,038)
4,237,430
£		 4,300,564
£

The notes on pages 7 to 11 form part of these Financial Statements.

Approved by the Board of Trustees on 3 February 2025 .

…………….. M.Y. BEN-GERSHON

Page 7

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

1. 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 Reporting 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 Reporting by Charities (Charities SORP (FRS 102) 2019 effective January 2019 as subsequently updated), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The charity has taken advantage of the provisions in the Charities SORP for charities applying FRS 102, but which are small, not to prepare a Cash Flow Statement.

The financial statements have departed 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. Monetary 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 (2023 - Nil).

Expenditure on Charitable Activities

Support Costs are charged on an accruals basis.

Grants are charged in the year when 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 :-

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.

Page 8

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024 (continued)

2.
**3. **		 Investment Income
Dividends and Interest on Listed Investments
Bank Interest
Number of
Grants in year
ended 5/4/24
Direct Charitable Expenditure- Grants
Charitable Donations: -
Jewish Futures Trust
1
Na Laga’at
-
Misaskim NW London
-
B C Shaare Zedek UK
-
Chai Lifeline Cancer
1
Midrash Shmuel
-
World Jewish Relief
1
Jewish Care
1
B’nai B’rith Hillel Foundation
1
British Friends of Netiv A
-
Arachim
2
Chasdey Yoel
1
Disabled Living Foundation
1
University Jewish Chaplaincy
2
Age UK
1
ACT
-
Royal Osteoporosis Society
1
Amutat Sedt Oz
-
Seed
1
Norwood
1
Friends of S H Hospital
1
Matan
-
Barts Charity
1
Tomchei Shabbos Har Nof
1
Achisomoch
1
Magalei Chesed
2
Israel Magen Trust
-
Mosaica Centre for Conflict Resolution
-
Kehilat Bnei Torah
1
Simon Marks Jewish Primary School
1
Yeshivat Har Etzion
1
Yad Vashem
1
Aish Hatorah
1
carried forward
26		 2024
2,500
-
-
-
1,000
-
5,000
3,000
3,000
-
2,000
2,500
1,000
7,000
1,000
-
1,000
-
1,200
1,000
5,000
-
2,000
1,750
10,000
1,000
-
-
2,000
1,000
10,000
1,044
1,000
65,994		 2024
156,763
225
156,988
£
Number of
Grants in year
ended 5/4/23
1
2
1
1
1
2
1
1
1
1
1
1
1
2
-
1
1
1
1
1
1
2
1
1
-
-
2
1
1
1
2
1
1
36		 2023
187,729
16
187,745
£
2023
1,000
2,000
1,000
1,000
1,000
6,500
5,000
3,000
3,000
1,000
1,000
1,500
1,000
7,000
-
1,000
1,000
2,000
1,200
1,000
5,000
4,000
2,000
1,500
-
-
8,000
5,000
2,000
1,000
4,000
1,000
1,000
75,700

Page 9

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024 (continued)

**3. ** Number of
Grants in year
ended 5/4/24
Direct Charitable Expenditure- Grants (continued)
brought forward
26
Chug Ha’amakim
1
Magen David Adom UK
2
Leukaemia UK
1
Friends of Yad Sarah
1
British Friends of Ogen
-
Boys’ Town Jerusalem
1
Central Square Minyan
1
Bridge Lane Beth Hamidrash
6
Shirat Yisrael
2
Hatzola NW Trust
-
Jerusalem Music Conservatory Hassadna
1
Friends of Tiferet Schlomo
-
Yeshivat Ohr Torah Stone
1
Ahavat Hadassah
1
The Boys Clubhouse
1
YLT
2
Yeshivat Chevrat Hatorah Jerusalem
1
Nachlas Bnei Shimon
-
Paamonim
-
Midreshet Migdal Or
-
U K Friends of Afikim,
1
Yeshaya Adler Memorial Fund
1
UK Toremet
2
Yad Eliezer Trust
1
UCL Development Office
1
The Institute of Group Analysis
-
Mesila UK
1
Melabev
1
Karov Eli Leavraham
1
The Jerusalem Symphony Orchestra
1
Center for Women’s Justice
-
Chasdei Sholom
2
Shalem
-
Beit HaShalem
1
Beit Knesset Ohel Hashalom
1
carried forward
62		 2024
65,994
2,000
3,000
1,000
1,000
-
1,000
2,150
4,950
8,000
-
2,000
-
10,000
10,000
1,000
2,000
3,750
-
-
-
5,000
8,000
6,000
10,000
2,000
-
3,000
5,000
5,000
12,000
-
2,000
-
2,000
6,500
184,344		 Number of
Grants in year
ended 5/4/23
36
2
1
1
1
1
1
-
3
1
1
1
1
1
1
-
-
2
1
2
1
3
2
1
1
1
1
1
2
1
1
1
2
1
-
-
76		 2023
75,700
4,000
1,000
1,000
1,000
20,000
1,000
-
1,350
8,000
1,000
2,000
6,000
10,000
8,000
-
-
8,300
2,000
2,000
1,000
6,000
16,000
1,000
1,500
2,000
7,000
3,000
10,000
5,000
10,000
1,000
2,000
2,000
-
-
219,850

Page 10

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024 (continued)

3.
**4. **		 Number of
Grants in year
ended 5/4/24
2024
Direct Charitable Expenditure- Grants (continued)
brought forward
62
184,344
ADI (formerly British Friends of ALEH)
1
10,000
Brongate Ltd
2
2,000
Shaarez Ader
1
1,000
Diet Chochna
1
2,200
Gateshead Kolel
1
7,500
Gatesway Organisation
1
8,300
UK Gives
2
6,500
JNF UK
1
18,000
Kehilat Shalom
1
2,000
Karen Haler Bisrael
1
5,000
Mosaic Religion, Society and State
2
10,000
Or Shalom Vachesed
2
3,350
Other (all less than £1,000)
29
8,221
107
268,415
NOTE:- All grants were institutional grants for the purposes of :-
Education
19
70,700
Religious Activities and Communal
18
43,644
Medical Care and Welfare
21
21,500
Cultural and Recreation
11
34,971
Care and Welfare
38
97,600
107
268,415
Support Costs (all Governance Costs) in support of
Charitable Activities
Accountancy (£12,600) and costs of Independent Examination (£3,000)
Accountancy re previous years
Administration expenses
Investment Management Fees
Bank Charges		 Number of
Grants in year
ended 5/4/23
76
1
-
-
-
-
-
-
-
-
-
-
-
33
110
23
10
22
14
41
110
2024
15,600
(240)
631
20,428
572
36,991
£		 2023
219,850
1,000
-
-
-
-
-
-
-
-
-
-
-
9,957
230,807
56,350
40,000
20,250
16,607
97,600
230,807
2023
15,840
240
421
20,409
498
37,408
£

Page 11

THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024 (continued)

**5. ** Fixed Assets- Investments
Listed Investments
Market Value at 6 April 2023
(Disposals) in year
Acquisitions in year, at cost
Net Unrealised Gains/ (Losses)
Market Value at 5 April 2024
(as valued by Investment Managers, Close Brothers Asset Management.)
Historical cost and value when settled
of Listed Investments		 2024
4,309,602
(155,586)
-
85,417
4,239,433
£
2,845,456
£		 2023
4,590,815
(27,743)
11,595
(265,065)
4,309,602
£
2,935,085
£

The following investments comprised more than

10% of the total Listed Investments portfolio:

Market Value at 5 April 2024

**6. ** Experian Plc
14,970 Ordinary Shares
Creditors : Amounts falling due within one year
Bank Overdraft
Accruals		 £ 507,633 2024
35,959
31,200
67,159
£		 2023
4,880
19,680
24,560
£

7. Staff Costs and Trustees’ Remuneration

There were no staff costs or employees during the year (2023 - Nil).

No remuneration was paid to trustees in the year (2023 - Nil) and no expenses were reimbursed to trustees in the year (2023 - Nil).

8. Unrestricted Funds

Balance at 6 April 2023
Net Movement in Funds
for the year-decrease
Transfer between Funds
Balance at 5 April 2024		 Total
4,300,564
(63,134)
-
4,237,430
£		 Designated
Funds -
Fixed Assets
4,309,602
-
(70,169)
4,239,433
£		 General
Reserves
(9,038)
(63,134)
70,169
(2,003)
£

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, £0 (2023 – £20,000).

10. Going Concern

There are no material uncertainties 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 2024.