APPENDIX 1
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; _Period start date | i Period end date
Day Month Year Day Month Year
From | 1 Apr 2024 To She Mar 2025
Office of the Scottish Charity Regulator i 7 7 BO
Reference and administration details
Charity name The Vernon, May and Joyce Cohen Charitable Trust
Other names charity is known OS “|
by
Registered charity number | $C046961
Charity’s principal address | Morton Fraser MacRoberts LLP
| Capella
| 60 York Street
| Glasgow Postcode G2 8JX
Names of the charity trustees on date of approval of Trustees’ Annual Report
-She Trusteenameab B.2 W ae ficaSL ee [fi] ifany)en) HEMI Patpn SacredOeusesans?ar (Orappoinesnisteebody)entitied (iany).to
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APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
Structure, governance and management Type of governing document The Vernon, May and Joyce Cohen Charitable Trust was established under the Will of the latehi Nineteen hundred and eighty. Trustee recruitment and appointment The Trust is administered by the Trustees acting from time to time. Any changes in Trustees are effected by means of the appropriate Deed of Assumption and /or Minute of Resignation, duly signed by the acting Trustees and such Trustees being appointed and/or resigning under such Deed/Minute. Objectives and activities Charitable purposes The Trust's constitution provides that the Trust's funds may be used for any charitable purpose (within the meaning of the word "charitable" ascribed to it for the purposes of the Charities and Trustee Investment (Scotland) Act 2005 and also the Income and Corporation Taxes Act 1988) as the Trustees in their uncontrolled discretion shall from time to time think fit. Notwithstanding the foregoing generality, the Trustees have focused on the charitable purposes noted in the constitution by way of guidance to the Trustees and/or those which were particularly pertinent to the late Joyce | Cohen, under whose Will the Trust was set-up | Summary of the main activities in relation to these objects With advice from stockbrokers, the Trustees administer a portfolio of stocks and shares to generate an income from which to make grants to charitable causes. Depending on demands made on the Trust's funds, the Trustees may encroach on capital if this will enhance the efficacy of the Trust's activities.
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APPENDIX 1
Achievements and performance
Summary of the main achievements of During this accounting period the Trust has made charitable grants and the charity during the financial period donations totalling £59,990.00.
Financial review
Brief statement of the charity’s policy The Trusteeswill see to ensurethat suitable reserves are maintained to on reserves meet ongoing administration expenses and any extraordinary requests for funding which might be made.
Oo a_i
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Details of any deficit
A deficit of £48,530 arose in the year, predominantly from a higher level of re-investments compared to proceeds from investments disposed of as well as overall expenses exceeding income in the year. The deficit was funded by cash reserves which were reduced from £96,494 to £47,964.
Donated facilities and services (ifany)
APPENDIX 1
Other optional information
Declaration
The trustees deciare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
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Signature(s) |
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Full name(s) Position (e.g. Chair)
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Date |
Vy A OOS
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APPENDIX 2
Lrter ct name below
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The Vernon, May and Joyce Cohen Charitable Trust $C045951
OSei m4 Receipts. IL_a)_ItpL_o and payments accounts
» ‘ Forthe period | [or JT
a JL |. ms
ae a 9 | | ||
Section A Statement of receipts and payments
Unrestricted Restricted end hae Total funds Total funds last
funds funds fda ‘nae current period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Ai Receipts
Donations | |
Legacies =| ae!
Grants CT |
Receipts from fundraising activities | =|
Gross trading receipts | | ii
Income from investments other than
land and buildings 57,121 58,762
Rents fromland & buildings | |
Gross receipts from other charitable
activities
Ai Sub total| 87,121) P7A28 | 58,762
A2 Receipts from asset &
investment sales
Proceeds from sale offixed assets | Si
[Proceeds from sale of investments | 982,179 | 362,179 187,395
A2 Subtotal] 382,179| 352,179 187,335
A3 Payments
Payments relating directly to charitable
activities
| aT
ilAudit/ independent examination 59,9904.800 67,212
[Repent ecanita] SS
8 =|
A3 Sub total 78,396 78,396|| 87,704|
A4 Payments relating to asset and
investment movements
Patan Tice [asa arene | 207304
Aa Sub total| 379,434 379.aa4 | [247,308
Total payments[ 487830] (___ JC] LL) 326,008
Surplus / (deficit) for year (48,530 (48,530) 88,911
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APPENDIX 2 F The Vernon, May and Joyce Cohen Charitable Trust
$C046951
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Section B Statement of balances
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. Expendable Permanent
Categories Details =—— Restricted funds endowmentfunds endowmentfunds Totalperio— Total last period
to nearest£ to nearest £ to nearest E to nearest £ to nearest£ to nearest £
B1 Cash funds Cash and bank balances at start of year 96,494 96,494 485,405
Surplus / (deficit) shown on recelpts and
payments account (88,911)
Cash and bank balances at end of year | 47.964 47,964 96,494
(Agree balances with receipts and payments
account(s})
.
Details Fund to which asset belongs Market valuation Last year
to nearest £ to nearest £
= —= =
Total | 2,106,621) 2,067,023
Details Fund to which asset belongs Cost (if avallable) Current vatueavaltablo} (if Last year
to nearest £ to nearest£ to nearest £
- = =>
Total
Details Fund to which Ilability relates Amount due Last year
to nearest £ to neareste
- —— =
Total
Amount due
Details Fund to which liability relates (estimate) Last year
to nearest£ to nearest£
— ——e —
Total
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name approval
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Receipts _ Payments Account to 31_03_2025(46015138,1) / Statement of balances
2
December 2007
APPENDIX 2 The Vernon, May and Joyce Cohen Charitable Trust
$C046961
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Section C Notes to the Accounts
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C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)
Charitable purposes, which are noted in the constitution by way of guidance to the Trustees and/or were particularly pertinent to the late Joyce Cohen, under whose Will the Trust was set-up Type of activity or project supported ——s —e C2 Grants Donations - See Schedule Attached = | 59,990 C3a Trustee remuneration If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) Authority under which paid =—_ remuneration - | ¢3 600 was due to be paid to Morton Fraser MacRoberts LLP for the year to 31 March a) alls 2025. is a consultant in the firm. PY C4a Trustee expenses If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) Number of £ trustees C4b Trustee expenses - details Transaction Balance amount (£) outstanding at Nature of relationship Nature of transaction lod end (£'
C5 Transactions with trustees and connected persons _ BC Receipts _ Payments Account to 31_03_2025(46015138.1) / Notes 3
December 2007
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THE VERNON, MAY AND JOYCE COHEN CHARITABLE TRUST
SCHEDULE OF DONATIONS REFERRED TO IN RECEIPTS AND PAYMENTS ACCOUNT
| From:- | 1st April 2024 | |||||
|---|---|---|---|---|---|---|
| To:- | 31st March 2025 | |||||
| OO | SS | eee | EE | |||
| DONATIONS | ||||||
| Remitted from TSB Trust Special DepositAccount | £ | £ | ||||
| 2024 | Apr | 17 | Cancer Research | 2,000.00 | ||
| 2024 | May | 13 | GriefEncounter | 2,000.00 | ||
| 2024 | May | 13 | SEED | 5,000.00 | ||
| 2024 | Jun | 26 | Sebby's Corner | 2,000.00 | ||
| 2024 | Jul | 1 | Chana | 2,000.00 | ||
| 2024 | Jul | 1 | UP - Adult CP movement | 1,490.00 | ||
| 2024 | Jul | 2 | My Israel | 4,000.00 | ||
| 2024 | Jul | 15 | Jnetics | 5,000.00 | ||
| 2024 | = Jul | 16 | Bike forKEF | 500.00 | ||
| 2024 | Aug | 29 | United Synagogue | 1,000.00 | ||
| 2024 | Sep | 24 | # SEED | 1,000.00 | ||
| 2024 | Sep | 24 ~ | British Emunah Fund | 1,000.00 | ||
| 2024 | Sep | 24 | Jewish Care | 1,000.00 | ||
| 2024 | Sep | 24 | Chana | 2,000.00 | ||
| 2024 | Sep | 24 | Jewish Teen | 1,000.00 | ||
| 2024 | Sep | 24 | Camp Simcha | 2,000.00 | ||
| 2024 | Sep | 24 | Shaarezedek | 1,000.00 | ||
| 2024 | Sep | 24 | My Israel | 1,000.00 | ||
| 2024 | Sep | 24 | #NoaGirls | 2,000.00 | ||
| 2024 | Oct | 9 | Beit Halochem | 1,000.00 | ||
| 2024 | Oct | 9 | Paperweight Trust | 1,000.00 | ||
| 2024 | Oct | 9 | Project Lily | 1,000.00 | ||
| 2024 | Oct | 9 | Ezra Umarpeh | 1,000.00 | ||
| 2024 | Oct | 9 | Jami | 1,000.00 | ||
| 2024 | Oct | 9 | Kisharon | 1,000.00 | ||
| 2024 | Oct | 9 | Jewish Blind and Disabled | 1,000.00 | ||
| 2024 | Dec | 3 | Chai | 1,000.00 | ||
| 2024 | Dec | 16 | Friends ofYeshivat Kerem B'yavneh | 1,000.00 | ||
| 2024 | Dec | 18 | Mizrachi | 1,000.00 | ||
| 2024 | Dec | 18 | Borehamwood Torah Centre | 1,000.00 | ||
| 2024 | Jan | 14 | Paperweight Trust | 5,000.00 | ||
| 2024 | Jan | 14 | Camp Simcha | 3,000.00 | ||
| 2024 | Jan | 15 | Shaarezedek | 2,000.00 | ||
| 2024 | Jan | 22 _~ | Project Lily | 3,000.00 | ||
| 2024 | Feb | 12 | UnitedSynagogue | 2,000.00 | 59,990.00 |
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Page 1
THE VERNON, MAY AND JOYCE COHEN CHARITABLE TRUST
| Value of Investments held as of 31st March 2025 | ||||
|---|---|---|---|---|
| samme | em | rrr | ee | |
| £ | ||||
| 1 | AstraZeneca plc | |||
| 325 Ordinary Shares ofUSD0.25 | 36,575.00 | |||
| 2 | ASML Holding NV | |||
| 30 Ordinary Shares EURO.9 | 15,212.00 | |||
| 3 | Baillie Gifford US Growth Trust plc | |||
| 33,225 Ordinary Shares of 1p | 73,261.00 | |||
| 4 | Blackrock Continental European Inc D Units | |||
| 23,500 Units | 46,548.00 | |||
| 5 | BP Plc | |||
| 6,450 Shares of$0.25 | 28,128.00 | |||
| 6 | Croda International plc | |||
| 315 Ordinary Shares | 9,207.00 | |||
| i | Diageo plc | |||
| 625 Ordinary Shares of28 101/108p | 12,590.00 | |||
| 8 | Dodge and CoxWorldwide US Stock Inc | Nav | ||
| 1,500 Units | 54,180.00 | |||
| 9 | Experian ple | |||
| 540 Ordinary Shares of USD0.10 | 19,267.00 | |||
| 10 | Fundsmith Equity | Inc | ||
| 8,550 Units | 51,757.00 | |||
| 11. | GEMCAP AHEM Defined Returns Fund | |||
| 50,000 Class | Sterling Shares | |||
| 12 | GSKopic | |||
| 1,975 Ordinary Shares | 28,874.00 | |||
| 13 | Greencoat UK Wind | |||
| 50,000 Ordinary Shares of 1p | 53,850.00 | |||
| 14 | Guinness Asset Management Funds pic | |||
| 1,870Eq Income FdZ Units | 58,741.00 | |||
| c/f | 549,185.00 |
Page 1
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| £ | |||||
|---|---|---|---|---|---|
| b/f | 549,185.00 | ||||
| 15 | HICL Infrastructure Co Limited | ||||
| 24,000 Ordinary Shares of 0.01p | 27,024.00 | ||||
| 16 | Invesco Physical Gold P-Etc GBX | ||||
| 575 Units | 133,837.00 | ||||
| 17 | JP Morgan American Investment Trust | ||||
| 8,700OrdinaryShares£0.05 | 85,347.00 | ||||
| 18 | JP Morgan Gbl Emerging Mkts Inc Trust | ||||
| 36,700Ordinarysharesof1p | 48,627.00 | ||||
| 19 | JupiterAsian Income ZGBP | ||||
| 36,750 Units | 61,626.00 | ||||
| 20 | Legal & General Group plc | ||||
| 9,000 Ordinary Shares of 2.5p | 21,852.00 | ||||
| 21. | ~Lloyds Banking Group pic | ||||
| 50,000 Ordinary Shares of 10p | 36,040.00 | ||||
| 22 | London Stock Exchange Group | ||||
| 160 Ordinary Shares | 18,336.00 | ||||
| 23 | t x di Ee |
Vv | nked | ||
| 805 Units | 87,048.00 | ||||
| 24 | M&G Optimal Income Sterling PP Dis | ||||
| 77,225,2411 Units | 74,375.00 | ||||
| 25 | Man Asset ManagementGLG Alpha | ||||
| Select Alt In GBP Acc | |||||
| 650 Units | 80,931.00 | ||||
| 26 | Natixis Inv Funds Loomis Sayles US Eqty | Ldrs | |||
| 7,000QAAcc | 46,442.00 | ||||
| 27 | ~—NinetyOne Fd Mars Diversified Income J | Inc 2 | |||
| 89,900 Units | 81,647.00 | ||||
| 28 | Polar Capital Global Financials Trust plc | ||||
| 27,800 Ordinary Shares of 5p | 54,766.00 | ||||
| 29 | Polar Capital Technology Trust plc | ||||
| 20,500 Ordinary Shares £0.025 | 58,937.00 | ||||
| 30 | ~—Rio Tinto pic | ||||
| 800 Ordinary Shares of 10p | 36,692.00 | ||||
| 31 | Ruffer Investments Red Ptg | ||||
| 22,350 Preference Shares of0.01p | 61,909.00 | ||||
| cif | 1,564,621.00 |
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Page 2
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| |
| £ | ||||
|---|---|---|---|---|
| b/f | 1,564,621.00 | |||
| 32 | Scottish Mortgage Investment Trust pic | |||
| 6,050 Ordinary shares of5p | 57,075.00 | |||
| 33 | Segro pic | |||
| 4,500 Ordinary Shares of 10p | 31,086.00 | |||
| 34 | = | Shell pic | ||
| 1,625 B Ordinary Shares EURO.07 | 45,906.00 | |||
| 35 | Smith and Nephew plc | |||
| 1,600 Ordinary Shares ofUSD 0.20 | 17,360.00 | |||
| 36 | Smithson Investment Trust plc | |||
| 4,000 Ordinary Shares of 1p | 56,560.00 | |||
| 37 | — | Spirax-Sarco Engineering plc | ||
| 200 Ordinary Shares ofGBP0.269 | 12,360.00 | |||
| 38 | SSE plc | |||
| 1,250 Ordinary Shares | 19,925.00 | |||
| 39 | TaylorWimpey plc | |||
| 25,000 Ordinary Shares of 1p | 27,025.00 | |||
| 40 | Treasury Stock3.5%22October2025 | |||
| £81,300 | 80,942.00 | |||
| 41 | Treasury Stock4.125% 22 July 2029 | |||
| £83,500 Stock | 83,224.00 | |||
| 42 | Treasury Stock4.5% 7 June 2028 | |||
| £77,500 Stock | 78,267.00 | |||
| 43 | Unilever plc | |||
| 700 Ordinary Shares ofGBP 3 1/9p | 32,270.00 | |||
| 2,106,621.00 |
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Page 3
APPENDIX 3
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mo Ga gu rs,
% y ' ) Bred %
Scottish Charity Regulator
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Independent examiner’s reportonthe accounts w |
Report to the | Charity name
trustees/members of [The Vernon, May and Joyce Cohen Charitable Trust
Registered charity |SC045951 a — i — — |
number; a 7
Oncharitythe accountsfor the periodof the Day Period|Monthstartdate| __—‘Year _ | | | Day Period| Monthend date Year |
1 Apr. 024 to 31 ar 2025
: : - ——
(remember to include the page |
Set out on pages umbers of additional sheets) |
Respective | The charity's trustees are responsible for the preparation of the accounts in accordance |
responsibilities of | with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees |
consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under section
44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent | My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner's statement | Regulations. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts and seeks
explanations from the trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently, | do
not express an audit opinion on the view given by the accounts.
Independent examiner’s | |n the course of my examination, no matter has come to my attention
statement
1. which gives me reasonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with |
Regulation 9 of the 2006 Accounts Regulations
have not been met, or |
|
2. to which, in my" opinion, attention should be drawn in order to enable a proper |
Relevant professional™Signed:Name: e reached.Date: | = | (H(: ao2zs ||
qualification(s) or body = tons
(if any):
Address: rss] FP - |
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