The Schmidt-Bodner Charitable Trust Financial Statements Year Ended 5 April 2025 Charity No: 283014 THE SCHMIDT-BODNER CHARITABLE TRUST Report and Financial Statements for the year ended 5 April 20Z5 Contents Page: Reference and administrative infom)ation Report of the Trustees Independent Examiner's Rerx)rt Statement of Financial Activities Balance Sheet Notes forming part of the Financial Statements 10 Appendix Trustees Daniel Isaac Dover Martin David Pai5ner CBE Harvey Rosenblatt MBE Prlnclpal Offlce 16 Caenwood Court, Hampstead Lane, London, N6 4RU Accountants BDO LLP, 55 Baker Street, London, W1 U 7EU Independent Examiner Perrys Audit Limited, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1 NR Bankers Barclays Private Bank Ltd, 1 Churchill Place, London, E14 5HP Solicitors Payne Hicks Beach, Lincoln's Inn, 10 New Square, Holborn, London, WC2A 3QG THE SCHMIDT-BODNER 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 Statements have been prepared in accordance with the accounting policies set out on page 7 and comply wth the charity's trust deed and applicable law. Structure, Governance and hlanagement The Schmidt-Bodner Charitable Trust is constituted under a Trust Deed dated 1 July 1981 created by the settlor, Benno Schmidt-Bodner. It is a registered charity number 283014. The Trustees who have served during the year and since the year end are set out on page 1. When there is a requirement for new Trustees, these would be identified and appointed by the remaining Trustees. At the Annual Trustees, meeting, the Trustees agree the broad strategy and areas of activity for the Trust, including consideration of grant making, investment, reserves and risk management policies and performance. Risk management The Trustees have examined the major strategic, business and operational risks which the charity face5 and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to le55en these risk5. Objectives and Activities The objects of the charity are to apply the income and capital of the trust for charitable purposes as the Trustees shall in their absolute discretion determine. Grant making policy All applications received are considered by the Trustees on their own merit for suitability of funding. 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. All donations are listed in note 5 on page 8. Achlevements and Performance The Trustees have continued to apply their funds in accordance with the objectives of the Trust and their grant making policy. Donations totalling £140,000 have been made in the year12024: £209,800) and are detailed in note 5 of these Financial StatemerbtS. Flnanclal Revlew The market value of the investment portfolio at 5 April 2025 was £1,955,261 12024: £2,165,026). Reserves policy The Trustees, policy is to maintain their continuing level of 5UPPOrt under the grant making policy that they have agreed. If income resources are insufficient to cover the grants then recourse is made to the other funds of the Trust. The Trustees do not consider that any minimum level of resources is required. THE SCHMIDT-BODNER CHARITABLE TRUST Report of the Trustees for the year ended 5 Awfl 2025 Icontlnuedl Plans for the future The Trustees Intend to contlnue provldlng grants In a 51mllar way to the recent past but retalnlng flexibilTty a5 to the tlmlng, and scale of grant maklng. Trustees, responslbllltles In relatlon to the flnanclal statements Law appllcable to charltles in England and Wales requires the Trustees to prepare flnanclal statements for each flnanclal year which give a true and fair view of the charlty's flnanclal actlvltles during the year and of its flnanclal posltlon at the end of the year. In preparfn£ thosè flnanclal statements, the Trustees are requlred to.. select sultable accountlng pollcle5 and then apply them conslstently,. make Judgements and estlmates that are reasonable and prudent. State whether applicable accountin8 Standard5 and statements of recommended practice have been followed subject to any departures d15closed and explalned In the flnanclal statements. and prepare the flnanclal statements on the solng concem basis unless it Is Inapproprfate to presume that the charlty wlll contlnue In operatlon. The Trustee5 are responslble for keeplng accountlng records whlch dlsclose w5th reasonable accuracy at any tlme the flnanclal posltion of the tharlty and enable them to ensure that the flnanclal statements comply wlth the Charltles Act 2011, the Chartty (Accounts and Reports) Regulatlons and the trust deed. They are also responslble for safe8uardln8 the assets of the charlty and hence for takln8 reasonable Steps for the preventlon and detectlon of fraud and other Srre8ularftles. Approved ty the Trustees and sl8ned on thelr behalf ty., arvey R05enblatt M8E Tntstee Date". IW/11 /2zI>S THE SCHMIDT-BODNER CHARITABLE TRUST Independent Examiner'5 Report to the Trustees We report to the Trustee5 on my examination of the accounts of The Schmidt-Bodner Charitable Trust for the year ended 5 April 2025. Responsibilities and basis of report As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. We report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carwng out our examination we have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the Act. Independent examlner's statement We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. We 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. S Hale Steve Hale FCA,FCCA, on behalf of Perrys Audit Limited Churchdown Chambers Bordyke Tonbridge Kent TN91NR Date.. 1 st December 2025 THE SCHMIDT-BODNER CHARITABLE TRUST Statement of Financial Activities for the year ended 5 April 2025 Notes 2025 2024 Incoming Resources Investments 29,519 28,084 Total Incoming Resources 29.519 28,084 Resources Expended Charitable activities Cost of generating funds Support costs Donations payable 3,321 3.384 140,000 2,844 3,757 209,800 Total Resources Expended 146,705 216,401 Net Resource5 Expended {117,1861 1188,3171 Other recognlsed galnsl{lossesl Realised gains in year on the sale of investments Movement in unrealised valuation in the year 111,560 {229.3101 226,144 281,296 Net movement in fund5 (234,9361 319,123 Total funds at 6 April 2024 2,233.576 1,914,453 Total funds at 5 Aprll 2025 1,998,640 2,233,576 All funds are unrestricted and relate to continuing activities. The notes on pages 7 to 9 form part of these financial statements THE SCHMIDT-BODNER CHARITABLE TRUST Balance Sheet as at 5 Aprll 2025 Notes 2025 2024 Flxed A55ets Investments 1,955,261 2,165,026 Current Assets Cash at bank and In hand 46,763 75,150 Current Llabllltles Credltors (3,3841 16,6001 Net Current Assets 43,379 68,550 Total Net Assets 1.998.640 2,233,576 Fund5 Unrestrlcted Funds 1,998,640 2,233,576 Approved by the Trustees and slgned on thelr behalf by.. Har ey Rosenblatt MBE Trustee Date: ZLP. 11/70>5 The notes on pages 7 to 9 fomi part of these flnanclal statements THE SCHMIDT-BODNER CHARITABLE TRUST Notes to the financial Statements for the year ended 5 April 2025 1 Principal Accounting Policies {al Accounting Convention The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" Icharities SORP IFRS 10211 and comply with the Charities IAccounts and Reports) Regulations 2008 issued under the Charities Act 2011. {bl Donations. legacies and similar income Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability. {cl Investment income Investment income is accounted for in the period in which the charity is entitled to receipt. Idl Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis. {el Costs of generating funds Costs of generating funds comprise those costs directly attributable to managing the investment portfolio and raising investment income. If) Governance costs Governance costs comprise costs relating to the general running of the charity as OPP05ed to those ass(Kiated with generating funds or charitable activity. Igl Fixed asset investments Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities. Ihl Golng concern The Trustees consider that there are no material uncertainties about the ability to continue as a going concern. 2 Investment income 2025 2024 Overseas Dividends 29,519 28,084 3 Cost of generatlng funds 2025 2024 Investment managers fees 3,321 2,844 THE SCHMIDT-BODNER CHARITABLE TRUST Notes to the financial Statements for the year ended 5 April 2025 4 Support costs 2025 2024 Accountancy fees Independent examiner fees Bank charges 2,388 996 2,376 1,344 37 3.384 3,757 5 Donatlons payable Registered Charlty No. 2025 2024 Board of Deputies Charitable Foundation British Friends of Or Chadash 1058107 5,000 3,000 2.000 7,500 1002594 3,000 Camp Simcha Chief Rabbinate Trust 1180646 1095878 10,000 30,000 3,000 1,800 7,500 Community Security Trust Food Bank Aid Hasmonean High School Charitable Trust Holocaust Educational Trust 1042391 1194314 5.000 1068303 1092892 5,000 10,000 5.000 Jewish Blind & Disabled 259480 Jewish Care M-Power1srael 802559 Israel 10,000 25,000 5,000 10,000 Nightingale Hammerson Project S.E.E.D Limited Rimon Jewish Primary Sch(x)I Charitable Trust Sil Martin Gilbert Learning Centre Target Ovarian Cancer The Jewish Learning Disability & Autism Community The Postcode for Jewish Life 207316 1155460 5.000 1186765 1174434 2,500 1125038 5,000 271519 25,000 5,000 1136248 The Prince's Trust The Weiner Holocaust Library United Jewish Israel Appeal UK Gives Ltd (Bezalel Academy) Wheelwrights Charity Wizo.UK 1079675 10,000 313015 5,000 10,000 1060078 25,000 5,000 1161366 288173 5,000 5,000 5,000 30.000 1125012 1,500 Writers and Scholars Educational Trust 325008 World Jewish Relief 290767 58,000 140,000 209,800 THE SCHMIDT-BODNER CHARITABLE TRUST Notes to the financial Statements for the year ended 5 April 2025 6 Inve5trnents 2025 2024 Market value at 6 April 2024 2,165,026 1,877,272 Prior year adjustment to value Acquisition cost in the year Proceeds from disposals in the year (46> 29.519 (121.4881 28,084 1247,770 92,0151 1219,6861 Reali5ed gains on disposals Movement in unrealised valuation 111,560 (229,3101 226,144 281,296 117,7501 507,440 Market value at 5 April 2025 1.955.261 2,165,026 Cost at 5 April 2025 199,740 180,195 7 Cash at bank and in hand 2025 2024 Barclays Private Bank Account 46,763 75,150 8 Creditor5: Amounts falling due within one year 2025 2024 Accountancy Fees Independent Examiners fees 2,388 996 4,740 1,860 3,384 6,600 9 Related Party Transactlons Martin Paisner CBE is a Partner of Paynes Hicks Beach. This firm provided, and continues to provide, legal services for the Trustees. No fees were paid to the firm during the year to 5 April 2025. Daniel Isaac Dover is a Partner of BDO LLP. This firm provided, and continues to provide, accountancy services for the Trustees. The total fees invoiced by the firm during the year to 5 April 2025 were £2,388 12024 £2,376). At the year end there are fees due to BDO LLP of E2,388 currently shown in the creditors balance. No Trustee received any remuneration, received any benefit5, or wa5 reimbursed for expenses during either year. THE SCHMIDT-BODNER CHARITABLE TRUST Appendix Schedule of Investments 5 April 2025 10 THE SCHMIDT-BODNER CHARITABLE TRUST Schedule of Inve5tment5 for the year ended 5 April 2025 Opening Balances Cost Acquisition5 Unlts Cost Di5P05a15 Proceeds Closing Cost Unlts Value Unfts Cost ProfltlLoss Unlts Value Income Empenan Group Ltd Ordlnary US50.10 share5 06.Apr-24 blfwd 06.Apr-24 Prior year adju5trnenr 19-Jul-24 thYidEnd Rein¥￿trne￿t IDRIPI 62,%0 2,165.026 570 20,047 11.Ikt.Z4 Sale 3,130 121,488 9,928 111.560 07-Feb-25 Dividend ReinYestmÈnt IDRIP 05.Apr-25 clfwd 236 9,4n 60.236 199.786 29.519 180.195 2.164.980 Z9,519 121,488 9,928 199.786 1,955,Z61 Z9,519