Reglst¢r¢d llumber 26611116 (1973) Year Lever Brog & Co Chlrtered Ae¢owitants Flrst Floor 690 Great West Ro•d 08terley Villag¢* Islewortb TW7 4PU
he Maurits Mulder Canter Charltable Tru nform Trwtee5 Mrs Kathrine Hume, CA Mrs B. Robson Mr S. R Hallows CCIBS Chirity Reg. No 266006 {1973} Independellt Examitier S.A. Raja F.C.A., F.C.C.A. L¢v¢r Brothers & Co First Floor 690 Great Wesi Road Osteiley Villa8e, Isleworth TW74PU Charity Address 22 London Road Kilmarnock KA3 7AQ Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill. West Malling Kenl. ME19 4JQ Investment Fund Advisors Raven%roft The Singing Men's Chambers 19 Minster Precincts Petuborough PEI ILX
The Imaurlts l¥ltslder Cxiiier Ch8rliAble Trust Contettts Page Report of th¢ Trustees Indepeiideni Examiiier's Report Statemeni of Fillancial Activities Balance Sheet Note5 to the financial ststernents Charitable donations rnade in year 10-11
The Maurits Mulder Canter ChaTlt#ble Trust Chari l5tration Number 2661106 197J ort of tbe Trustee5 for tbe ear ended 315t Dece er20 The Trustees present their Report and Financial Statements for the year ended 31 December 2023. Principle Activity #rtd Grant Making Policy The Trustees have complied with the duty in section 17{5) 0(the 2011 Charities Act to have due regard to ¥uidance published by Ihe Charity Commi55ion on public benefit. Th¢ Charitable Trust continued the trnditional activity of managing the capital to produce income for the support of an appropriate proportion of Jewish and otheT worthy ¢harities nominated by the Trnsiees and decided 84t a TAtee$ meeting. at their discretion in accordance with the tryst deed. continuing to make charitable donations on an annual basis in linE Wlth income. The Charitable Ttust iy a registered cljarity and is knund by the code of the Charities Commission. The nionies donakd to each charity benefit the public. in line Wilh ea¢h ¢harity's objectivc. The Trust¢es support ¢hariti¢s whi¢h have stated objtiveS as follows= The prevention or relief of poverty, mainly in the UK bul includes Jewish overseas and other overseas charities.. The advancement of educalioIL, mainly UK ¢hildren but iticludes Overseas and some adult awareness. The advancement of health & lifcsaving treatrnentg. includes both health care provisio and research: Th¢ pres¢rvation. ¢ons¢rvation, and prot¢¢tion of th¢ environment, nature. wildlife and the prud¢nt us¢ of r¢souw¢s' Th¢ relief of poverty and improvement of the ¢onditi¢)ns of lif¢ in wially and econornically disadvantaged communities. The relief L>f those tn need by reason of youth, age, ill-health, disability or financial hardship and any other purtK)se in charitable law. The Trust has continued to make donations towards projects in both tlEe UK and overseas This year. Over the last few yefjr due to unsettled financial markets we have suspended donations to larger charities, PriOTittsing smaller organisations. The TSte¢S ar¢ happy that we are cUentlY supporting the correct number of charities 2023-15. 2022-13. A totsl of £28,000 donatt'ons were made, allowing £2,000 or £1,000 to each charity.
Th¢ Nlaiirlt% Miilder Canter CIIArit8bli, Tr115t Ch8rih. Re istrfilion liiiinbtr 2661106 197.1 ort of ihe Trii8le¢s for ihc ear ended .115t December 2023 Continued... The Tw$t¢¢8 who served dursng the year were Mr Simon Hallows (Inv¢stm¢nt Manager), Mrs BarbaTa Robson {Donations Manager), Mrs Katherine Hume (ChairJAc¢ountsl. The three Trustees have worked well togeth¢r this year and bring a good mix of ¢xperience and skills to ensurc the best derisions are mad¢ for the Trust movin8 fonvard. Due DIMgence The Tru5tee5 and Chair delegated with Jnanaging the Maurits. Mulder Canter Charitable Trust undertake due diligence cbecks on all donaiions. Thege will include. but are not limited to.. Checking tl)e Registered Charily Number is valid. Checking the Cliarity Comrnission website for any anomalies. filing irregularilies etc. Pro-active with Charity personal phone / visit conts¢t by Trustee or on-line checks. . Drawing on the local knowledge of The Trustees and others. Future Plttns While fInancial markets continue to be volatile, thr Tnjsi will reduc¢ its donations io the limit of its income for the year. ensuring a 801id foundation for future year¥. RAven5¢roft has been an excellcnt partner, advising the trust reliably during these turbul¢nt times. We look forward io working with them t) navigate the changing markets and grow our balance $h¢¢l over the coming years. Investment Poiiey It should be noted that Ravenscroft Stockbrokers manage the inv¢$t¢d assets on an advisory basis. Trustees takc regular adyicc on the investments from our contact at Ravens¢roft. Richard Allen FCSI, he has recently confirnied that we should maintain our existing portfolio that 18 well balanced on global and domestlL investments and bon(is. Since the FYE 2023 there has already been some recovery in capital values and is.8een as likely to ¢ontinu¢ with a number of lldS discounted in value to attract new investments and with IvrOrS ¢urrently enjoying no risk returns at ¢50/0 on cash. W¢ have a medium T1k appetite and focus on income to enable the level of donatlons we wish to support. Dividends and bond income have F£en a bit better than expeCd and we should be able to increas¢ donations in 2024. The investments remain in line wilh the Tnjstee's balanced aiiiiude to inve51ment risk. and the harity retains at least one year's donations on deposit lo fall back on if required (over 2nd abov¢ the income Payments received from the investments throughout the year, which ar¢ used towards th¢ annual donations). In additioll, the charity bank and savings aeeounts hold enough to cover any incidental ¢o$t8 throughout th¢ year. On ihis 11, it shollld be noted that the Trnstees ontinue to furtd their own travel expejjses.
r 2023 Reserves Poll¢y Cash funds ar¢ held to cover at least the costs of one year's ornual donatio% and administration costs. Risk ManAgemeDt As the trust no or*I0nal activities, the main risk to the charity relates to ihe management of the endowment fund ond the misuse of the inL%i ineome. The Truste¢5 have esMbli$h¢d management ProrUr and controls in line whth th¢ te£¢)rnmended EÉst practice of the Chariiies Commission, includin8 rcgular reporting ts) minimis¢ these risks. The risk management frarnework and k¢y risks were reviewed and upjated. Given the economic and environmentsl issues impacting UK, Europe, and Global investments. we rernain guided by Raven5¢roft on intaining an appropriate bal8JJce io The invesunent portfolio. We have proFtr control$ to present misuse of funds, and two Stgnatures or digital approv5 are Tequwed on all payments. Risk managemeni is considered and reviewed on an annual E4sis. The corre5p)nd¢nce addr¢5s of the charity is 2? London Road. KimarnocL KA3 7AQ. On w)r ol. Ihe rustees Mrs K A Hume CA Dat i tr September 2024
Inde eThdent Examiner's Re ort to the Tryslees of The Maurlts Mulder Canter Charltble Trust r¢port on th¢ cOUnts olthe Int for th¢ y¢4r ¢nd¢d 31" December 2023, which are set out on pages 5 to 9. This r¢port is made solely to the tNstees as a Ixxly, in acwrdan¢¢ with the Charities Act 2011. My ¢xamination has been undertaken so thAt I might state to the trustees tho8e matters l am required to state to them in an independent examiner's report and for no oiher purpose. To tl)e fullest extent perniitted by law, I do nol accept or assume responsibility to anyone oth¢r than th¢ chariry and the tru$t¢es as a body. for my ex8minAtron. for this r¢port, or for the opinions I have fornied. Respeetlve responslbilities of trustees examlner The charity's trllstees are Te5pon5ible for the preparation of the accounts. The charity's trustees consider thai an audit is not required for this year (under section 144 of the Chariti&8 Act 2011 (the Charities Act), and that an independent ex8millation is ne¢ded. It is my responsibiliiy to examine the accounts (under se¢tion 145 of the 2011 Act): to follow the pr(Kedur¢5 loid down in the General Directions given by ihe Charity cornm1510n {under section 145(5Mb) of the 2011 Aci)- and to statc whether particular matters have come to Tny attention. Basis of independent examiner's report My examination was carried out in accordance with Generdl Directions gtv¢n by the Charity Commission. An examination includes a review of the arcounting records kept by the charity and a comparison of the accounts presenied with those records. It also includes consideraiion of any unusual items or dis¢losures in the accounts and seektng explanation from the trnstees cotjcerning any guch att¢r$. Th¢ pr<Kedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'trn¢ and fair. view and thE report is limited to those matters set out in the statement below. JTrd¢pendent emIner'S st¥¢ement Jn the course of my examination, no matter ha% come to my attention which gives me reasonable Cause io b¢li¢v¢ that in any n)aterial reS¢t the requirements to keep ac¢oun(ing records in ordan¢¢ with section 130 of the Charitl¢s Act. and to prepare accounts which accord with th¢ a¢¢ounting records and comply with the accounting requirements of the Chariti&s Act, and with the methods. and principles ol the Statement of Reeomm¢nd¢d Pra¢ti¢e.' Accounting and Reporting by Charities, have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be re&ched. Slgned by Dated this 17tr1 ?oL4 Shkll A Rija F.C.A, F.C.C. Lever Bros & Co CHARTERED ACCOUNTANTS Flrst Floor 690 Gre•t West Road, Osterley Villag& l$lewor¢ty TW7 4PU
he Maurits Mujder Canter Ch*rAtable Trust Annual icclbllllty for thL 'cnr to.1 I. lltctniber 2023 Statement of Finallcial Activitie 21123 Total nrestricte Funds 2022 Total ri Funds Incomin resources Interest Received 1.545 511 Interest from Investments Incom¢ fr¢)m Tax Recoverable IncominE resourcey from charitable ¥Jctlvltles Donations Total InC¢illg re$our¢es 31J52 31.275 32,897 31.786 31,786 Resources ex nded Stockbrokers Fees Donations Accountancy Fee Professional Fe¢ Bank Fees Sundry Management Totsl rewur¢¢s expeoded 1,800 28.000 650 1,800 26,(x)O 650 130 145 Net Incomln out oltt ur 2.317 3.191 GAlnsl IMse8 Realised Unreaiis¢d Net Movements In Fullds ts 3,987 10.419 87.436 84.245 Total (ndS brought fonvard It 31112n2 683,172 767,417 Total funds earrled forward ot 31112123 679 057 683.172
Investments (note 2) 613,142 619.fj74 Debts)r5 Cash at Bank and in hafyl 66.565 66,565 .248 Amounts fallin8 due within one year(note 3) 650 650 Net Cur t Alts 65.915 63,598 ¢1 Ags 679.057 683.172 ft Unre5tricred income fun The financiaj staternent5 were approved by the tsusiees ort IV September 2024 on their behalf by MYS. K A Flum¢CA
The Maurrts Mulder Cgnter haritabl Tr For the e•r ended 31" December 2023 2. Actoun¢in Polieies a) Accourjting Convenllon The financial statement8 are prepared on the basis of historic cost {except that investm¢nt.% are shown at market value) and in accordance with the Charities Act 201 l and Accounting and Reporting by Charities Statement of the Recommended Practicc (Charitie5 SORP IFRS102)) and the applicable UK standards. b) Incorne Resourcing All in¢omin8 resources are included on the Stat¢rn¢nt of Finan¢ial Activities wh¢n the charity is legally entitl¢d to th¢ in¢ome and the amount can be qudntified with reasonable accuracy. Investment income represents amount receivcd from snvestrnents durin8 the year. c) Re50llrces Expended Expenditure ES accounted for on an accruals basis and has be¢n classified und¢r heading5 that aggregate all ¢o$t related to the category. Where costs cannot be dIrtlY attributed to parti¢ular headings, Ihey have been allocated to the actlvilies on a ba%15 con515tent with th¢ use of resour¢es. Commibsion and other Charges on the Purcha and sale of shares are charged on the investments. d) Alloctttfon #nd Apportionment of Costs All costs relat¢ to the single aciivity of the Charitable and are reco8nised accordingly. 2) Re*llsedlUnr¢•lised gal5 ind losses on Investments Gains and 108beb on investments are recognised and include within the Staterncnt of Financial Activities upon sale of the investment. UnreaSi5ed gains and losses are establi8hed by referencc to the book value compared to the market value at the year end. 2) UDrestrAeted fund$ uleStriCted funds can b¥ U8¢d in accordan¢e with the charitable objectives at the discr¢tion of the tTUStees. Re8tricted ndS Can only be used for particular reslri¢ted purposes within the objects of the charity. Restrictions arESe when specified by the donor or when funds are ra15ed for particular re8tric¢¢d purposes. Designated funds are funds set aside by the tru5tecs out of unrestricted 8eDerdl Sjnds for the spe¢ifLC future purposes or proj¢¢ls. Ther¢ are no restrictions placed upon the funds held by the ¢harity. Going Concern The trustees consider th¢ ¢harily lo be a going concern. h) Investments Flxed &¥5et invesfrnent% arc 8hown at market value le&% amouni written off. Provision Ar¢ mad¢ for pern)anent fluctuations in value.
hem urits Mulder CY4nter Charitable Tr No¢t$ lo the Financial Slatemellts Tror Ilie l'tnr ended 31, Di'reniber 2D2.1 2. Investments 2023 Investments listed on a recognised UK Sto¢k Ex¢hange Cash held by Stockbrokers for Inv¢stsnent 613.093 49 613 142 619.574 619 574 Investjnents Listed on a rttognised Stock Exchange are as follows.. Valuation at 1$1 January Acquisitions at wst Drsposal4 at valuation or cost during th¢ )'ear Cash movements Net gaInlO$Se ou investrnenL8 619.574 18,820 (18,869) 49 (6,481) 707.010 (87,436) Valuation at 31" Decemb¢r Cash held by Stockbrokerg for Investh]ent 613,093 49 613.142 619,574 619 574 CainslLDsses on Investments Realis¢d gainsl {losses} Unrealised gains (losse8) N¢t Movements in Fund5 10.419} .4321 87,4361 Totsl ndS at 31112122 61Y.574 707,010 Total funds at 31112123 613,142 619.574 3. Credit¢>rs.' ADJouuls falli diie within on ear 2022 2022 Acc1$ 650 650
Maurlts Mllid Canter arit8ble tatemen¢s 'car ended 31, Deceniber 2023 4. Tru Ex No Trustees expenses were paid during the year. (2022 £nil). 5. Related Pa n8xetion There We no related party transactions during the year. Brought Incoming Outgoing resources Unrealised /realised gains Carried fomrd General fund 683 172 683 172 679 057 679 057
he Mxurits Mulder Canter Charltfible Tr Pyotes to the FlnAnelal Stitements For the 'ettr ended 31. De¢¢mber 2Q23 7. Charitable Donatfions m dtin ear CattgQry Charltv Nuftthr £ Donotion Kiven 2023 %Chan¥e from 2022 Charitv 1022 IIZ5682 207316 290767 1108464 Mittvah D Nhtkn leHamAwso World jewish Relf Bees Abroad Intlusion Educ3tion Releasing Potential-sailing a¢tDiity Ard8owan Hospice Covnsellin8 P35toral Trust Ischoolforthewh Surfers Against5ewage Manna Socrety Yellow grick Road Lauchpad Re3din8 2000 2000 2000 2000 2000 loo% 2000 2000 2DOO 1162711 1097440 SCOIL541 loo% 20(Y) 2000 2000 2000 2Tr)0 2000 2000 2000 2DDD 0% 102?526 255913 1145877 294691 1160315 279859 1084189 IODO loo% 2000 iooo 2000 20DO 2000 2000 2000 -50% 2000 802872 SC039611 Whizz-Kids Centre Sta e Cornmunities Ltd 0% 2000 26000 28000 DonatloThObJ•rt4v% thi cmUm1*s
The MAurits Mulder Canter Charltable Trust Note to the Financial St8teJllents For thl. exr elided 31, DL'Lenibvr 2U23 Continued.- %of 2023 Total 21% 14% 21% % increase from 2022 Categorv Donatlon 2023 20Z2 4000 4000 6000 2000 4000 6000 26000 6000 4000 6000 2000 4000 6000 28000 50% 14% 21% loo% Total Founder's Charity -li-