Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
CONTENTS
Page
Legal and administrative details
Report of the trustees
Report of the independent examiner
Accounts comprising..
Statement of financial activities
Balance sheet
Notes to the accounts

Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE DETAILS
Date of the Trust
19 February 1988
Charlty reglstratlon number
327733
Tru$tee$
Steven Anthony Fogel
Joan Selma Fogel
Geoffrey Michael Walters
Bankers
HSBC Bank plc
50 -52 Kilburn High Road
Kilburn
London
NW6 4HJ
Accountants
Menzies LLP
Lynton House
7 - 12 Tavistock Square
London
WCIH 9LT
Independent examiner
David Truman
Lynton House
7 - 12 Tavistock Square
London
WCIH 9LT
Investment managers
LGT Wealth Management UK LLP
14 Cornhill
London
EC3V 3NR

Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The Trustees present their report together with the accounts of the Trust for the year ended 5 April
2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust was created by a deed dated 19 February 1988 as a Trust exclusively for charitable
purposes. The Trust was registered with the Charity Commissioners on 21 March 1988, charity
registration nLJmber 327733. The power to appoint trustees vests in the Settlor, Mr S A Fogel.
OBJECTIVES AND ACTIVITIES
The object of the Trust is the application of the Trust's income and capital for charitable purposes at
the absolute discretion of the Trustees. The Trustees have unrestricted powers of investments.
ACHIEVEMENTS AND PERFORMANCE
The Trustees made 38 grants totalling £17,932 12022 30 totalling £12,749) to charitable
organisations supporting a range of activities.
When setting the objectives and deciding on grant making activities of the Trust, the Trustees have
given consideration to the Charity Cotnmission's general guidance on public benefit.
FUTURE DEVELOPMENTS
The Trust will continue to make a wide spread of donations, and consider the reserves for future
grant-giving to be satisfactory.
TRUSTEES
The Trustees in Ofiice at the end of the year are as follows..
Steven Anthony Fogel
Joan Selma Fogel
Geoffrey Michael Walters
No Trustee received any remuneration during the year12022 - £Nil) and none of the Trustees were
reimbursed any expenses incurred in the performance of their duties {2022 £Nil}. No Trustee had
any interest in any contract with the Trust during the year.
RISK POLICY
The trustees minimise investment risk through the use of professional investment advisers and the
maintenance of a diverse portfolio. General operating risk is minimised through the regular review
proeedures by the Trustees of the Trust's activities.

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THE STEVEN & JOAN FOGEL CHARITABLE TRUST
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 5 APRIL 2023
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity's trustees are responsible for preparing a trustees, annual report and 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 charity's trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of
the incoming resources and application of resources, of the charity for that period. In preparing the
financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistentlyi
observe the methods and principles in the applicable Charities SORP-
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on a 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 which 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 applicable Charities (Accounts and Reports)
Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the
assets of the charity and taking reasonable steps for the prevention and detection of fraud and other
irregularities.
For and on behalf of the Trustees:
steven Anthony Fogel
20-Jun-2024
Approved on

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THE STEVEN & JOAN FOGEL CHARITABLE TRUST
REPORT OF THE INDEPENDENT EXAMINER
FOR THE YEAR ENDED 5 APRIL 2023
I report on the accounts of the trust for the year ended 5 April 2023, which are set out on pages 5 to 9.
Respective responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the
Charities Art 2011l.the Act.).
The charity's trustees consider that an audit is not required for this year under section 144 of the Act
and that an independent examination is needed.
It is my responsibility to:
examine the accounts under sertion 145 of the Charities Act.
to follow the applicable Directions given by the Charity Commission (under section 145(5}(b} of the
Act); and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you the trustees concerning any
such matters. The procedures 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 'true and fair, view and
the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me
cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records,. or
the accounts did 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.
I have no concerns and have come across no other matters in connertion 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.
Do¢uS￿n￿by'.
SBEcBBEC1B￿492
David Truman
Lynton House
7 - 12 Tavistock Square
London
WCIH 9LT
20-Jun-2024
Date

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THE STEVEN & JOAN FOGEL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2023
Unrestricted funds
2023
2022
Notes
INCOME
Donation received
Income from investments
Interest receivable
Gift Aid
Sundry income
300,000
7,614
17
1,270
5,112
20
Total income
308,901
5,133
EXPENDITURE ON:
Cost of raising funds
Investment management costs
Charitable activities:
Grants paid
other costs
1,662
1,276
17,932
780
12,749
675
Total expenditure
20,374
14,700
Net movernent in funds before gain5 and 1055e5 on investments
288,527
19,567)
Net Ilossesl / gains on investments
18,5061
15,056
Net movement in funds
280,021
5,489
Total fund balance as at 6 April 2022
204,526
199,037
Total fund balan￿ as at 5 Aprll 2023
484,547
204,526

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THE STEVEN & JOAN FOGEL CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2023
Notes
2023
2022
FIXED ASSETS
Investments at market value
477,854
199,514
CURRENT ASSErs
Cash with broker
Cash with HSBC Bank
4,212
3,201
1,670
4,002
7,413
5,672
CURRENT LIABILITIES
Accountancy fees
(720)
1660)
NET CURRENT ASSETS
6,693
5,012
TOTAL NET ASSETS
484,547
204,526
Represented by:
UNRESTRICTED FUNDS
484,547
204,526
20-Jun-2024
Approved by and signed on behalf of the Trustees on
steven Anthony Fogel
Trustee

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THE STEVEN & JOAN FOGEL CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2023
I. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial
statements have been prepared in accordance with the Statement of Recommended Practice- Accounting
and Reporting by Charities preparing their account5 in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FR51021 issued on 16 July 2014 and the Financial Reporting
standard applicable in the United Kingdom and Republic of Ireland IFR5102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRSIO2.
The trustees consider that there are no material uncertainties about the trust's ability to continue as a
going concern.
b) Interest recelvable and Investment Income
Interest receivable is credited to the statement of financial activities when it is received. Dividends and
interest from investments, including associated transitional relief, are credited to the statement of
financial activities when they are received.
c) Expenditure
(i) Grants payable
Grants payable are debited to the statement of financial attivities when they are paid.
lill Management and administration
The expenditure comprises general administration, management and costs in connection with
constitutional and statutory requirements.
d) Investrnents
Investments are included in the accounts at market value at the end of the financial year. Realised and
unrealised gains and losses are credited or debited to the statement of financial activities in the year in
which they arise.
e) Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated Into sterling at the rate of
exchange ruling at the date of the transaction. Exchange differences are taken Into account when arriving
at the net movement in funds.

Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 5 APRIL 2023
Unrestricted funds
2023
2022
2. INCOME FROM EQUITIES
UK equities
7,614
5,112
3. GRANTS PAID
Grants made to institutions of £1,000 and over were as follows:
Amount
of grant
Recipient- UK Grants
New North London
Hofesh Schechter
HP Foundation
Chai Cancer Care
NNLS
Wodd Jewish Relief Ukraine
New Israel Fund
Wodd Land Trust
1,138
1,500
1,000
1,200
2,500
1,000
2,000
1,000
11,338
Add:
Small grants below £1,000
6,594
17,932
Unrestricted funds
2023
2022
4. OTHER COSTS
Accountancy fees
Bank charges
720
60
660
15
780
675
5. TRUSTEES. REMUNERATION
No trustee received any remuneration in respect of services provided during the year {2022'. £nil).
No trustee was reimbursed for any expenditure incurred during the course of his/her duties during the
year12022- £nil).
6. TAXATION
The Steven and Joan Fogel Charitable Trust is a registered charity and is therefore not liable to income
tax or corporation tax on the income derived from its charitable activities, as it falls within the various
exetnptions available to registered charities.

Docusign En¥ÈlopÈ ID". 56061372-E53&4099-814(k9A98E85AEF64
THE STEVEN & JOAN FOGEL CHARITABLE TRUST
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 5 APRIL 2023
2023
2022
7. INVESTMENTS
Market value at the beginning of the year
Additions in the year
Equalisations
Disposal proceeds
199,514
292,500
{4)
15,650)
195,758
700
(12,0001
486,360
184,458
(Losses) / gains on disposals in the year
(Losses) / gains on revaluations at the end
of the year
1363)
206
{8, 143}
14,850
18,506)
15,056
Market value at the end of the year
477,854
199,514
Historical cost
446,098
157,558
All of the above investments are listed on a recognised stock exchange and are allocated as follows..
Held within the United Kingdom
UK equities
Overseas equities (Jersey)
7,293
470,561
9,145
148,413
477,854
157,558
The following investments represent more than 50/0 of the portfolio at market value..
693,326.777 units in Abdrn Offshore Inc Fund Z Inc
470,561