Charity number: 284594
THE DAVID COHEN CHARITABLE TRUST 1982 (WORKING NAME THE ISAAC COHEN CHARITABLE TRUST 1982)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
THE DAVID COHEN CHARITABLE TRUST 1982
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2-4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notestothefinancialstatements | 8-14 |
THE DAVID COHEN CHARITABLE TRUST 1982
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
Trustees
D HJ Cohen S C Cohen JAR Sacks
Charity registered number 284594
Principal office 37 Ferncroft Avenue London NW3 7PG Accountants Adler Shine LLP Chartered Accountants Aston House Cornwall Avenue London N3 1LF
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THE DAVID COHEN CHARITABLE TRUST 1982
SS
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
SS The Trustees present their annual report together with the financial statements of charity for the year ended 5 April 2025.
The charity also trades under the name The Isaac Cohen Charitable Trust 1982.
Objectives and activities
a. Objectives
The objects of the charity are to pay or apply the income of the Trust to such charitable institution and charitable purposes as the Trustees shall determine in their absolute discretion.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
The charity seeks to fulfil its objectives by satisfying appeals received and by sourcing particular projects or other charities worthy of support that meet its objectives.
c. Activities undertaken to achieve objectives
In support of its charitable objectives the charity has made donations to a number of charitable organisations such as:
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e Chochmat Nashim, which works to create a healthier Jewish community and Israeli society by challenging and changing the damaging extremist trends that plague the Orthodox world.
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e Chai Cancer Care which kindly provides extended support to members of the Jewish community affected by cancer as well as to their family members and friends, and
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e Hasmonean High School, whose aim is to nurture students to become happy, confident and respectful adults committed to living a life of Torah im Derech Eretz.
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e The Independent Jewish Day School, a modern Orthodox school whose values and ethos embodya love of Torah, Mitzvot and Medinat Yisrael, with the IJDS being the only school in the UK to teach its entire Kodesh curriculum in lvrit.
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e Yeshivat Chovevei Torah, a rabbinical school, beit midrash, and Torah centre which serves as the spiritual home for an open and inclusive Orthodoxy, as well as a thriving hub for its 150 rabbis serving around the world, its 60 Rikmah Israeli rabbis and rabbaniyot in Israel, and their communities.
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e Leket UK which has been a proud partner of Leket Israel since 2008, working towards their shared mission to rescue and distribute millions of hot meals and fresh produce to vulnerable communities throughout Israel.
d. Main activities undertaken to further the charity's purposes for the public benefit
The Trustees have exercised their powers and duties with due regard to the Charity Commission's public benefit guidance and confirm the charity's purpose, and its activities pursued in the period according to those purposes have been for the public benefit.
ee
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THE DAVID COHEN CHARITABLE TRUST 1982
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance
a. Main achievements
The charity has made donations totalling £92,378 (2024 - £61,908) to charitable organisations and individuals which the Trustees believe to advance the charity's objectives.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Charity Commission defines reserves as ‘income which becomes available to the charity and is to be expended at the Trustees’ discretion in furtherance of the charity's objects, but is not yet spent, committed or designated.
At the balance sheet date, there is a balance of £49,924 (2024 - £32,562) in reserves. It is the Trustees' policy to utilise resources for the charity's objectives and not to retain unnecessary funds.
Structure, governance and management
a. Constitution
The David Cohen Charitable Trust 1982 is a registered charity, number 284594, and is constituted under a Trust deed.
b. Status
The name of the charity is The David Cohen Charitable Trust 1982. It is an unincorporated charity and its constitution was adopted on 29 March 1982. The Charity's registration number is 284594.
c. Organisational structure and decision-making policies
The charity is administered by the Board of Trustees which is its governing body. The Trustees meet regularly to discuss and implement policy.
Any decision may be taken either: at a meeting of the charity Trustees; or by resolution in writing or electronic form agreed by a majority of all of the charity Trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to which a majority of all of the charity Trustees has signified their agreement.
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THE DAVID COHEN CHARITABLE TRUST 1982
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Structure, governance and management (continued)
d. Related party relationships
All of our Trustees give their time freely and no trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests to the full board of Trustees.
e. Financial risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Statement of Trustees’ responsibilities
The Trustees 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 Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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° select suitable accounting policies and then apply them consistently; ° observe the methods and principles of the Charities SORP (FRS 102);
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° make judgments and accounting estimates that are reasonable and prudent; ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements:
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° 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 adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time 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 deed. 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 irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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Pink TA
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DH J Cohen Trustee , \ _ ¢ Date: 1.9 \ \2 °
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THE DAVID COHEN CHARITABLE TRUST 1982
Se INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED5 APRIL 2025
Independent examiner's report to the Trustees of The David Cohen Charitable Trust 1982 (‘the charity’)
| report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2025.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or 2. the accounts do not accord with those records; or
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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 requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| 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. Signed: ANaeP OhneoO . LUf1 Z Dated: Qilo|2Z2o4Ga OL Sarah Galt FCA CTA
Adler Shine LLP Chartered Accountants Aston House Cornwall Avenue London N3 1LF
iOCCOC“(#NNN_L Page 5
THE DAVID COHEN CHARITABLE TRUST 1982
2ree STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED5 APRIL 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 3 | 112,500 | 112,500 | 15,189 |
| Total income | 112,500 | 112,500 | 15,189 | |
| Expenditure on: | ||||
| Charitable activities | 4 | 95,138 | 95,138 | 62,823 |
| Total expenditure | 95,138 | 95,138 | 62,823 | |
| Netmovement in funds | 17,362 | 17,362 | (47,634) | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 32,562 | 32,562 | 80,196 | |
| Net movement in funds | 17,362 | 17,362 | (47,634) | |
| Totalfundscarriedforward | 49,924 | 49,924 | 32,562 |
The Statement offinancial activities includes all gains and losses recognised in the year.
The notes on pages8 to 14 form part of these financial statements.
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THE DAVID COHEN CHARITABLE TRUST 1982 -.
BALANCE SHEET AS AT 5 APRIL 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 8 | 19,690 | 19,690 | ||
| Current assets | |||||
| Cash at bank and in hand | 42,814 | 24,672 | |||
| 42,814 | 24,672 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within one | |||||
| year | 9 | (12,580) | (11,800) | ||
| Net current assets | 30,234 | 12,872 | |||
| Total assets less current liabilities | 49,924 | 32,562 | |||
| Total net assets | 49,924 | 32,562 | |||
| Charity funds | |||||
| Restricted funds | 10 | - | - | ||
| Unrestricted funds | 10 | 49,924 | 32,562 | ||
| Totalfunds | 49,924 | 32,562 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
ie eer enresenE Trustee
Date: 7.0 \ \ \v6 The notes on pages 8 to 14 form part of these financial statements.
,
ne
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THE DAVID COHEN CHARITABLE TRUST 1982
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
- General information
The David Cohen Charitable Trust 1982 is unincorporated charity registered with the Charities Commission.
The financial statements are presented in Sterling (£), rounded to the nearest £1.
- Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The David Cohen Charitable Trust 1982 meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
2.3 Contributions received
Contributions received comprise donations and are recognised when received; if tax has been deducted at source, income would be grossed up where a claim for the tax repayment has been made. The tax recoverable would be shown as a debtor at the year end.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
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THE DAVID COHEN CHARITABLE TRUST 1982
TE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
2: Accounting policies (continued)
2.4 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
- 2.5 Fixed assets investments
Fixed asset investments comprise a scroll stated at cost; the trustees consider that it would be inappropriate to depreciate this since the scroll is likely to appreciate in value.
- 2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
- 2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
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THE DAVID COHEN CHARITABLE TRUST 1982
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
3. Income from donations and legacies
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Donations | 112,500 | 112,500 |
| Unrestricted | Total | |
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Donations | 15,189 | 15,189 |
4. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | Total | ||||||
| 2025 | 2025 | ||||||
| £ | £ | ||||||
| Disbursing | funds | for | various | charitable | purposes | 95,138 | 95,138 |
| Unrestricted | |||||||
| funds | Total | ||||||
| 2024 | 2024 | ||||||
| £ | £ | ||||||
| Disbursing | funds | for | various | charitable | purposes | 62,823 | 62,823 |
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THE DAVID COHEN CHARITABLE TRUST 1982
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
5. Analysis of expenditure by activities
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Activities|
|undertaken|Support|Total|
|directly|costs|funds|
|2025|2025|2025|
|£|£|£|
|Disbursing|funds|for various|charitable|purposes|92,378|2,760|95,138|
|Activities|
|undertaken|Support|Total|
|directly|costs|funds|
|2024|2024|2024|
|£|£|£|
|Disbursing|funds|for|various|charitable|purposes|61,908|915|62,823|
|Analysis|of support|costs|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Total|Total|
|funds|funds|
|2025|2024|
|£|£|
|Accountancy|2,760|900|
|Bank|charges|-|15|
|2,760|915|
|Independent|examiner's|remuneration|
|2025|2024|
|£|£|
|Fees|payable|to|the|charity's|independent|examiner|for the|independent|
|examination|of the|charity's|annual|accounts|1,250|-|
|Fees|payable|to|the|charity's|independent|examiner|in|respect|of:|
|All|other|services|not|included|above|900|750|
----- End of picture text -----
- Independent examiner's remuneration
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THE DAVID COHEN CHARITABLE TRUST 1982
See
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
8. Fixed asset investments
| Unlisted | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 6 April 2024 | 19,690 |
| At 5 April 2025 | 19,690 |
| Net book value | |
| At 5 April 2025 | 19,690 |
| At5April2024 | 19,690 |
9. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | - | 900 |
| Other creditors | 10,000 | 10,000 |
| Accruals and deferred income | 2,580 | 900 |
| 12,580 | 11,800 |
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THE DAVID COHEN CHARITABLE TRUST 1982
a
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
- Statement of funds Statement of funds - current year
| Balance at 6 | Balance at 5 | ||||
|---|---|---|---|---|---|
| April 2024 | Income | Expenditure | April 2025 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds - all funds | 32,562 | 112,500 | (95,138) | 49,924 | |
| Statement offunds - prioryear | |||||
| Balance at | Balance at | ||||
| 1 April 2023 | Income | Expenditure | 5 April 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds- all funds | 80,196 | 15,189 | (62,823) | 32,562 | |
| 11. | Analysis of net assets between funds | ||||
| Analysisofnetassetsbetweenfunds-currentyear |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Fixed asset investments | 19,690 | 19,690 |
| Current assets | 42,814 | 42,814 |
| Creditors due within one year | (12,580) | (12,580) |
| Total | 49,924 | 49,924 |
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THE DAVID COHEN CHARITABLE TRUST 1982
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
11. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| E | £ | |
| Fixed asset investments | 19,690 | 19,690 |
| Current assets | 24,672 | 24,672 |
| Creditors due within one year | (11,800) | (11,800) |
| Total | 32,562 | 32,562 |
12. Related party transactions
During the year the charity received donations totalling £112,500 (2024 - £15,189) from relatives of the Trustees. No restrictions were placed on these donations.
As at the balance sheet date the charity owed £10,000 (2024 - £10,000) to relatives of the Trustees. No interest is charged on this loan.
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