DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
The Kobler Charitable Trust
Financial Statements
For the year ended 5 April 2025
Charity Number: 275237

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
CONTENTS
Page
Reference and Administrative Details
Report of the Trustees
2104
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
81014

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Reference and Administrative Details
For the year ended 5 April 2025
Charity Number:
275237
Reglstered Offlce:
clo Lewis Silkin LLP
Arbor
255 Blackfriars Road
London
SE1 gAX
Trustees:
Antoine Xuereb
Andrew Howard Stone
Joanne Louise Mansfield Evans
Joel Wulf Israelsohn
Accountants:
Moore Kingston Smith LLP
Floor 6
9 Appold Street
London
EC2A 2AP
Solicitors:
Lewis Silkin LLP
Arbor
255 Blackfriars Road
London
SE19AX
Bankers:
Arbuthnot Latham & Co. Limited
Arbuthnot House
7 Wilson Street
London
EC2M 2SN
Investment Manager 1
Cazenove Fund Management Ltd
1 London Wall Place
London
EC2Y SAU
Investment Managor 2 .
Arbuthnot Latham & Co. Limited
Arbuthnot House
7 Wilson Street
London
EC2M 2SN
Page.. 1

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Report of the Trustees
For the year ended 5 April 2025
The Trustees present their report along with the financial statements of the charity for the year ended 5
April 2025. The financial slalements have been prepared in accordance with the accounting policies set
out on page 8 and comply with the charity's trust deed, the Charities Act 2011 and the Charities SORP
2015.
structure. Governance and Management
The Kobler Charitable Trust is constituted under a trust deed dated 18 September 1963, created by the
settlor, Fred Kobler who died on 1 November 1987.11 is a registered charity, registration number 275237.
The Trustees who have served during the year and since the year end are sel out on page 1. The power
lo appoint new Trustees is exercised by a majority in number of the existing Trustees. Where there is a
need for new Trustees, this would be identified by the remaining Trustees.
The Trustees meet two or three times a year to agree the broad strategy and areas of activity for the
Trust, including consideration of grant making, investment, reserves and risk management policies and
performance. The day to day administration of grants and the processing and handling of applications
prior to consideration by the Trustees is delegated to Lewis Silkin LLP solicitors Inole 111.
The Trustees are either professional andlor of many years, experience in acting as Trustees. When a
new trustee Is appointed the existing Trustees take responsibility for Induction.
The Trustees have examined the major strategic, business and operational risks which the Trust faces
and confirm that systems have been established lo enable continuous monitoring of such risks so that
appropriate steps can be taken to lessen these risks.
Objectives and activities
The objects of the Trust are lo apply the income and capital of the Trust for such charitsble purposes in
the United Kingdom as the Trustees shall in their absolute discretion determine.
The Trustees, main objectives are to maintain capital leonsistent with a smooth grant giving policy) which
they achieve by consistent and conservative investment lo sustain income, alongside a grant giving
policy which aims to balance large and small gifts, in total, broadly the same amount year on year.
Public benefit
In meeting the objectives the Trustees have given careful consideration to the Charity Commission's
general guidance on public benefit and judge that all donations made meet this guidance. The Trustees
confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard
lo public benefit guidance published by the Commission, including the guidan￿ 'Public benefit.. Running
a charity IPB21'.
Page.. 2

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Report of the Trustees
For the year ended 5 April 2025
Grant making policy
Applications can be submitted to the Trustees by charitable institutions and these applications are
considered by the Trustees on a regular basis, both al Trustees, meetings and between meetings.
Applications should be in writing and incorporate full details of the charity for which funding is requested.
Acknowledgements are not generalty sent out lo unsuccessful applicants.
Achlevements and performance
The Trustees have continued lo support other charities within the objects clause of the Trust deed and
there are no immediate plans lo alter the way in which the income is expended. Grants lotalling £72,770
have been made in the year12024". £71,834)
Financial review
The Trust's income from ils investments was £80,19412024." £101,794). The investment income was
less than the prior year, bul broadly consistent with year on year trends. This enabled charitable activity
of £103,93712024'. £111,612).
The Trust's investments are managed by Cazenove Fund Management Ltd in consultation with the
Trustees. The market value of the investments in the financial statements has slightly decreased over the
period reflecting the general position of the UK stock market. Al 5 April 2025, the value of the investment
portfolio was £3,012,28312024. £3, 181,5011, showing a decrease of 50/012024.. Decrease of 40/0) to fund
charitable activities over the year.
The Trustees follow a conservative investment policy with a view to maintaining the capital of the charity
in a mixture of equity and bonds whilst maintaining sufficient liquidity for the Trust's foreseeable needs
and donations.
The Trustees do not consider that the impact of the current economic climate to have any effect on the
ability of the Trust to operate as a going COn￿rn.
Reserves pollcy
All of the charity's funds held at 5 April 2025 amounting to £3,217,77312024." £3,361,030) are general
unrestricted funds which are expendable at the discretion of the Trustees in furtherance of the objects of
the charity.
As the charity does not currently seek funding bul uses its resources lo provide funding for the
furtherance of its objects, it is the Trustees, policy lo maintain the charity's reserves at a sufficient level to
enable it lo continue lo provide such funding in future years. This is monitored on a regular basis by the
Trustees, who review the level of reserves in the light of future funding requirements.
Plans for the future
The Trustees intend lo continue providing grants in a similar way lo the recent past but retaining flexibility
as to the liming and scale of grant making.
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DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Report of the Trustees
For the year ended 5 April 2025
Trustees. responsibilities in relation to the financial statements
The Iruslees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Praclicel.
The law applicable to charities in England & Wales requires the Iruslees to prepare financial slalements
for each financial year which give a true and fair view of the slate of the affairs of the charity and of the
Incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material
departures disclosed and explained in the financial statements",
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any lime the financial position of the charity and 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 deeds. They 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
irregularits'es.
Approved by the Trustees and signed on their behalf by..
Srgned by:
FD11CE450B824D3...
J L Mansfield Evans
Trustee
Dale..
21 January 2026
Page.. 4

DoGusign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
Independent Examiner's Report to the Trustees of The Kobler
Charitable Trust
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April
2025.
Responsibilities and basis of report
As the charity Iruslees of the Trust you are responsible for the preparation of the accoLJnts in accordance
with the requirements of the Charities Act 20111.lhe Acl'l.
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe..
accounting records were not kept in respect of the Charity as required by section 130 of the 2006 Act,. or
2 the aecounls do not aecord with those records., or
3 the awounls do not comply with the applicable requirements Con￿rning the form and ¢onlenl of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
ocxe
Adam Fullerton, FCA DChA
For and on behalf of Moore Kingston Smith LLP
Chartered Accountants
Floor 6
g Appold Street
London
EC2A 2AP
Dale.. 21 January 2026
Page.. 5

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Statement of Financial Activities
For the year ended 5 April 2025
Total
2025
Total
2024
Notes
INCOME FROM:
Donation gift in kind
Investments
5,592
80,194
7,907
101,794
Total
85,786
109,701
EXPENDITURE ON:
Raising funds
Charitable activities
19,955
103,937
18,461
111,612
Total
123,891
130,073
Nel gainslllossesl on investments
1105,1521
124,661
Net incomo1{expenditurg)
143,257
104,289
Reconciliation of funds
Balance at 6 April 2024
3,361,030
3,256,740
Balance at 5 April 2025
3,217,773
3,361,030
All amounts relate lo unrestricted funds and to continuing aclivilies.
The notes on pages 8 10 14 form part of these financial slatemenls.
Page.. 6

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Balance Sheet as at 5 April 2025
Notes
2025
2025
2024
2024
Fixed Assets
Investments
3,012,283
3,181,501
Current Assets
Cash at bank and in hand
Debtors
222,658
3,930
190,131
8,731
226,588
198,862
Liabilities
Creditors.. Amounts falling due
within one year
21,098
19,333
Net Current Assetsl{Liabilitiesl
205,490
179.529
Total Net Assets
3,217,773
3,361,030
Funds
Unrestricted funds
3,217,773
3,361,030
21 January 2026
Approved by the Trustees and authorised for issue on
and signed on their behalf by..
Slgned by:
FD11CE450B824D3...
J L Mansfield Evans
Trustee
Charity No. 275237
The notes on pages 8 to 14 fomi part of these financial statements.
Page.. 7

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts
For the year ended 5 April 2025
1 Principal Accounting Policies
Basis of Proparation of the Financial Statements
The financial statements have been prepared under the historical cost convention, as modified
by the revalLJation of investments being measured al fair value through income and expenditure
within the Statement of Financial Aclivilies, and in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021. The Charity is a public benefit
entity for the purposes of FRS 102 and therefore the charity also prepared ils financial
statements in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (The FRS 102 Charities SORPI, Including Update Bulletin 2, and the
Charities Act 2011.
The financial statements are prepared in slerfing, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest pound.
Going Concern Basis
These financial statements have been prepared on the basis of accounting principles applicable
to a going concern, which assume that the charity will continue in operation for a period of at
least one year from the dale of approval of the financial stalemenls. The Trustees have
concluded that there is a reasonable expectation that the Charity has adequate resources to
continue in operational existence for the foreseeable future.
Incoming Resources
All incoming resources are recognised once the charity has entidement lo the resources, it is
probable that the resources will be received and the monetary value of incoming resources can
be measured with sufficient reliability.
Investment Income
Investment income is accounted for in the period in which the charity is entitled lo receipt.
Income is the gross value of dividends and interest received after reclaiming any lax credits that
are available.
Resources Expended
Liabilities are recognised as resources expended as soon as there is a legal or conslruclive
obligation committing the charity lo the expenditure. All expenditure is accounted for on an
accruals basis.
Costs of raising funds
Costs of fftising funds comprise those costs direcdy attributable to managing the investment
portfolio and raising investment income.
Page.. 8

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts
For the year ended 5 April 2025
1 Principal Accounting Policies Icontinuedl
Fixed Asset Investments
Investments are ststed al closing Market value al the balance sheet date. Any gains or losses on
revaluation and disposal are shown in the Slalement of Financial Activities.
Realised gain$ and losses
All gains and losses are taken lo the stslement of financial activities as they arise. Realised gains
and losses on investments are calculated as the difference between sales proceeds and
purchase cost. Unrealised gains and losses are calculated as the difference between the market
value al the year end and opening market value lor purchase date if later). Realised and
unrealised gains are not separated in the Statement of Financial A¢livilies.
Charitable Activities
Costs of charitable activities include grants made and an apportionment of overhead and support
costs where applicable.
Grants payable are payments made to third parties in the furtheonce of the charitable objectives
of the Trust. Single or mulli-year grants are accounted for when either the recipient has
reasonable expectation that they will receive a grant and the Trustees have agreed lo pay the
grant without condition, or the recipient has a reasonable expectation that they will receive a
grant and any condition attaching lo the grant is outside of the control of the Trust.
Governance Costs
Governance costs comprise costs relating lo the general running of the charity as opposed lo
those associated with generating funds or charitable activity.
Critical accounting estimatos and argas of judggments
In preparing financial statements il is necessary lo make certain judgements, estimates and
assumptions that affect the amounts reeognised in the financial statements.
In the view of the trustees in applying the accounting policies adopted, no judgements were
required that have a significant effect on the amounts recognised in the financial statements nor
do any eslimales or assumptions made carry a significant risk of material adjustment in the next
financial year.
Page.. 9

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts
For the year ended 5 April 2025
1 Prlnclpal Accountlng Pollcles Icontlnuedl
Financial Instruments
Cash and Cash equivalents
Cash and cash equivalents include cash al banks and in hand and short term deposits with a
maturity date of three months or less.
Basic Financial Instruments
The charity only holds basic financial instruments as defined by FRS 102. Financial instruments
receivable or payable wthin one year of the reporbng dale are carried al their at transaction pri
and subsequently at amortised cost.
Page. 10

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts (Continued)
For the year ended 5 April 2025
2 Investment income
2025
2024
Intérèst from UK fixed intarèst securitiés
Dividends
Interest on cash deposits
Future dated accrued dividend income
5,173
69,234
1,857
3,930
80,194
7,490
83,431
2,142
8,731
101,794
3 Raising funds
2025
2024
Investment management costs
19,955
18,461
19,955
18,481
4 Charitable activities
202S
2024
Ann Frank Trust
Anthroposophical Association Limited
Campaign Against Living Miserably
Canterbury Umbrella Centrè
Carers UK
Carousel project
Challengers
Children's Adventure Craft Trust
Cty of London Sinfonia
Crawley Open House
Criminon UK
Deafblind UK
Dressability
Douglas Mcmillan House
Family Holiday Charity
Hospice UK
Hospicecare North Nothumberland
Isabél Hospice Itd
Keech Hospice Care
Keshet Diversity UK
Kids n Action
Kisharon
Lewis Manning Hospice
Mahogany Snappy Operas
Mosiac voices
North London Hospice
Soundaboul
Stubbers Adventure Centre
1,000
11,500
600
5,000
500
300
549
5,000
500
13001
300
425
300
500
500
500
500
500
500
500
20,000
500
20,000
500
500
500
3,000
6,000
500
500
500
Subtotal
33,200
48,474
Page.. 11

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts (Continued)
For the year ended 5 April 2025
4 Charitable activities Icontinuedl
2025
2024
Balance brought forward
33,200
48,474
Phab Clubs
Soundabout
St Gemma's Hospice
Stick n Step
Slubbers Adventure Centre
The Amber Foundation
The Bach Choir
The Childhood Ttusl
The Small Piece Trust
UK Jew15h Film Ltd
Wèst Ltsndon Synagogue of British J
Willow Hospice
Total donations
500
300
500
500
500
500
500
500
5,060
15,000
5,570
15,000
18,000
500
71,834
72,770
Fees relating lo administering grants
Governan¢e cost
19,947
11,220
25,303
14.475
103,937
111.612
Page.. 12

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts (Continued)
For the year ended 5 April 2025
S Support and governance cost
2025
2024
Independent Examiners. fee
Accountancy fees
Legal fees
Bank Charges
5,407
3,168
22.369
223
3,048
4,812
31.628
289
31,167
39.777
Trustees were reimbursed expenses totalling £nil during the year ended 5 April 202512024- £nill.
No Trustees received any remuneration during the year ended 5 April 202512024- £nil}.
6 Invastmonts
202S
2025
2024
2024
Market value at 6 April 2024
3,181,501
3,069,117
Cost of acquisitions in the year
Transfer to Cash
Proceeds from disposals in the year
2,459,964
12,5001
2,520,662
697,093
709,370
Nat cash movémènt in thè yèar
163,1971
3,118,304
112.2771
3,056,840
Realised gain in the year
Unrealised gainlllossl in the year
1216,6241
110,608
110,026
14,635
Net gainlllossl in the year
1106,0211
124,661
Market v•lu& at 5 April 2025
3.012.283
3.181,501
Investments at market value comprised..
UK equities
UK fixed interest securities
Overseas Investments
848,276
794,023
1,369.984
1,247,051
710,309
1.224.141
3,012.283
3.181,501
Hlstorlcal cost at S Aprfl 2025
3,053.635
2.840,027
Investments represents'ng 5% or more of the portFolio are disdosed below..
Portfolio Y. Market Value
Charities Property Fund
Findlay Park American Fund
126.483
92,790
Page.. 13

DoGUSign Envelope ID." 37A6262BABAE.4E89-AOFC-F7991E25ADB1
THE KOBLER CHARITABLE TRUST
Notes to the Accounts (Continued)
For the year ended 5 April 2025
7 Cash at bank and in hand
2025
2024
Arbuthnot Currenl-20047042
153,273
12,043
Barclays Business-30137383
7,262
164,906
Client account- Lewis Silkin LLP
Income account
2.731
1.166
Capital account
56,890
12,015
Cash- JPMorgan GBP Liquidity Fund
2,500
222,658
190,131
8 Debtors
2025
2024
Investment income receivable
3,930
8,731
3,930
8,731
9 Creditors: Amounts falling due within one year
202S
2024
Accruals
Creditors
21,098
12,746
6,587
21,098
19,333
10 Related Party Transactions
J L Mansfield Evans, a trustee, is a retired Partner of Lewis Silkin LLP. This firm provided, and continues to
provide, legal services and general management for the Trust. Lewis Silkin LLP discounts its fee lo the
Trust by 25%. The totsl fees (including VAT and disbursements) paid to the firm during the year lo 5 April 2025
werè £16,77712024." £23,7221. A gift in kind of £5,59212024". 27,9071 was recognised during thè period, as a result
of the discount provided. There was £1 held by the fimi in a client account as at 5 April 202512024.. £11. An amount
of £4.75912024'. £6,587) was owed to the firm by the charity as at 5 April 2025.
11 Key Management Personnel
Key management personnel includes the Trustees. The total remuneration to the Trustees was £nil
12024.. £nill, however Lewis Silkin, of whom Trustee J L Mansfield Evan3 is a retired partner as mentioned in
Note 10 to the financial statements. were reimbursed £16.77712024." £23.7221 for their services In the
year.
Page.. 14