Trustees’ Report for the Year to 5 April 2024
Objectives & Structure
THE WRENTHAM TRUST
Charity Commission Number 1000440
The Wrentham Trust was established pursuant to a Charitable Trust Deed dated 11 September 1990 as an unincorporated association with general charitable purposes. It seeks to benefit persons from disadvantaged or other challenging backgrounds, particularly children or young adults, as well as supporting research into cures for illnesses such as cancer, etc. It works primarily through other charities or institutions which have the resources, skills and knowledge to provide impactful assistance through teaching, education or other learning opportunities. The Wrentham Trust is also able to make direct grants to individuals for charitable purposes.
The trustees seek to apply The Wrentham Trust’s resources in a way which produces public benefit for as wide a cross-section of the community as is achievable whilst retaining measurable impact. The trustees are mindful in this regard of the Charity Commission’s guidance on public benefit.
Operations in the Year
CONTACT
The Deerleap Balchins Lane Westcott Dorking Surrey RH4 3LW
EMAIL:
thewrenthamtrust@aol.com
The Wrentham Trust’s activities have continued largely unchanged from previous years, focusing on assisting young people with their education or studies. As such it has provided studentships at postgraduate, graduate and sixth-form level at University College London, Imperial College London and Epsom College. It continues to provide funding for the educational outreach activities of Guildford Shakespeare Company for two primary and one secondary schools in disadvantaged areas of Surrey, a commitment which has been extended to 2027 and which includes GSC’s programme to support young carers.
The Wrentham Trust has also supported Transforming Lives for Good, a charity which trains volunteer coaches to work with emotionally vulnerable children in their last primary school year on their journey towards secondary schools. One of the trustees is an unpaid volunteer for TLG.
The trustees have monitored the impact of their support with the educational establishments concerned. The feedback received consistently points to The Wrentham Trust’s support being
THE WRENTHAM TRUST
Charity Commission Number 1000440
impactful and of considerable assistance to young people who without the direct or indirect support provided would have no or fewer opportunities to grow their academic or personal skills. Financial support provided by The Wrentham Trust in the education sector accounted for 86% of all funding provided. All of such grants were paid to organisations which are registered charities.
Outside its primary sphere of operations The Wrentham Trust supported appeals to raise funds for medical equipment (including a blood analyser and other paediatric equipment) at a children’s hospital located in the Ukraine, supported a charity providing pyjamas for children in hospital at Christmas and has made other minor donations where individuals have undertaken personal charitable endeavours.
Management & Governance
The Wrentham Trust is governed by up to six trustees, appointed by the founders or by co-option of the trustee body. The trustees at the end of the reporting period and at the date of this report were Andrew Kisiel, Brigitte Kisiel, Timothy Kisiel, Bernd Ratzke and Karen Ratzke. The trustees meet (physically or digitally) as often as is required to make decisions which affect the actual or planned operations of The Wrentham Trust, and minute their decisions. They have adopted a formal Grant Making Policy to support their decision making.
The Wrentham Trust has no employees and none of the trustees received any expenses or remuneration in connection with their role as trustees. All the trustees are qualified professionals (lawyers, engineers or teachers) or have significant experience in running successful businesses. Where appropriate, they take professional advice and guidance on their responsibilities as trustees.
Financial Review
The Wrentham Trust is supported by its trustees and their close friends or connections through donations, and by legacies from former clients. It has not sought to raise funds from other sources. The Wrentham Trust’s accountants are:
Bullimores LLP, Chartered Accountants Old Printers Yard 156 South Street, Dorking, Surrey RH4 2HF
THE WRENTHAM TRUST
Charity Commission Number 1000440
None of the funds held by The Wrentham Trust are restricted (i.e., not available for the general purposes of the charity at the end of the reporting period). It is not thought necessary therefore to set any funds aside at the end of the reporting period to provide reserves. The trustees carefully consider commitments made prior to the year-end to ensure that sufficient future resources are available.
All funds are held in cash by way of bank deposits and amounted to £3,574,979 at the end of the reporting period. The trustees consider that a catastrophic failure of the banking system is the only significant financial risk to which The Wrentham Trust is exposed and that if such event were to happen it is highly likely that all the major clearing banks would be adversely affected. The Wrentham Trust’s bankers are:
National Westminster Bank plc 14 High Street Dorking, Surrey RH4 1AX
Plans for Future Periods
Whilst looking to provide wide public benefit, the trustees will favour supporting charities and institutions of which they have direct experience or other personal knowledge. The Wrentham Trust’s Grant Making Policy requires the trustees in each case to be confident that such grants as are provided will be applied to achieve real impact and to suffer no material administration costs.
Consistent with such policies, at the end of the reporting period The Wrentham Trust was committed to providing continuing funding for the studentships which it has sponsored at University College London and has since that date made a significant donation to the Francis Crick Institute towards the core costs of a 4-year PhD research studentship supporting Cancer Research UK.
Authorised by the trustees of The Wrentham Trust and signed on their behalf on 26 November 2024 by:
Bernd Ratzke
Trustee
REGISTERED CHARITY NUMBER: IIJN)440 Report of the Trusltts and Unaudited Financial Statements for the Ye•r Ended 5 Aprll 2024 for The Wrentham Trust Bullirnoras LLP Chartered Accountants Old Printers Yard 156 South Street Dorkin8 Surrey RH4 2HF
The wnth*M Trust Contents ofthe Financial Statements for the Year Ended 5 April 2024 Page Report of Ihe Trnsttts Independent Examinerfs Rert Stslemenl of Nnanelxl Actfjvltles Balance Sbeel Note5 to the Flnanclal Slatements 7 to 10 Delalled Stslement of Flnanclal Athlties
The Wrentham Trust Report of the Trnsteej ror the Year Ended 5 April 2024 The tntee9 wesent their report with the financial statements of the charity for the year ended 5 April 2024. The trte¢S have adopt¢d th¢ provisions of Accounting and Rew)rting by Charitics: Stst¢m¢nt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial RqK)rting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effethive l January 2019). oWEIVEs AND ACTIVITIES Objectives and strncture The Wrentharn Trust wa5 established by Bemd and Kam Jane Ratzke pursuant to a Charitsble T t)eed datal I I Scpternber 1990 &8 an unincory)orated association with general charithble PUTP)se5. It seeks to Inefit persons fiDm disadvantsged (r other Challenging backgrounds, panicularly chIldn or young adults. It works primarily through other chorilies or insliiulions which have the SoUrc skills and knowkdge to provi(k Im[tful }Stsn through teachin& education LY other learning opwnitie& The Wrenth8m Trust is also ablc to make dired grnnts to Andlviduals for charitable pllrp)s 'nK trustees sezk io aFyly The Wrentham TnLSt's resources in a way which produces public benefit f(r as wide a cross-sethion of th¢ community as is achievable whilst retaining me&surable impact. Th¢ truste¢s are mindful in this regard of the Charity Commission's guidance on public benefiL ACHIEVEMENT AND PERFORMANCE Operotions In the year The Wrentham Twst primarily focused on assisting young ppIC with their education or studies. providing studentships at Il-ladUa wduale and sixth-fonn Icvel ai University College LondoN Imwial Colle8e Ldon and Eps(Th Colle8 The InleeS have monitored th¢ impact of their support with the educational e5thbli5hments conceme(L The fe•Jback rffeivaj consislenily inIS lo The Wrentham TNsl's supwl being impactful and of considerable &ssistance lo young pcople who without the direcl or indirccl support provided would have no or fewer opportunities to grow their academic or r¢rsonal skills. Financial supw)rt provided by The WnI11aM Trust in the education Kclor accounted for 86 /0 of all funding provided and all of such grants were paid lo organisations which themselves are registered charities. Outside its primary sph¢rc of orKrnti(ms The Wrentham Trust has sUpIrted an aNThl to raise fimds for mLYlical facilities at children's h<)spilal l(Kated in Ukraine. provided a granl to a leaming-5UPPOrt charity. has mainlained and exlended its supp(xl of the educational outreach aclivilies of the Guildford Shakespwe Company and has supported other smaller i( equally valuable causes. FINANCIAL REVIEW FinAnciAI Revie The Wrentham Twst is supporta by its trUee5 and their close friends or rAmnections through donalions, and by legacies from fornier clients.11 has nol Sought to raise funits from other sources. Investmeni pollry and objectfv All funds are held in cash by way of bank depN)sits and amounted lo £3.574.979 at the end of the reFrfJrting wio Regerves )licY None of the funds held by The Wrentham Trust are restricted (i.e.. not available for the genernl purp>ses of the charity 81 the end of the rewrting peri). 11 is not thou¥hl necessary therefore to set any fijnds ld¢ ai the end of the reFK)rting Peri to provide reserves. The trustees are careful to consider commitments made prior to the year end and will ensure sufficient SOll are available. PLANS FOR FUTURE PERIODS At the end of the retK>rting period The Wrentharn TnLsI mMitt¢d to providing continuing funding for the stuthntships which it sponsored at University College l.ondon. had a for4Yard commitment until early 2027 to the Guildford shakespea Company and was in dlscussions Wlth the Francis Crick Institute in London to pmvid¢ fimding for a 4-year PhD Swdentship (stnce aeed). WThilst lookin8 to provide wide public ler1( the truslees will favour 5UPWrtin8 charities and institutions of which they have direct exrIence or other Pe)nal knowledge. The Wrentham Trusvs Grant Making Policy requires the trustee5 in each c&8e to be confldent that such grants as are provided will be applied to xhievc real impact and to suffer no material administrati Costs. P8ge I
The Wrentham Trust Report of the Trusleeq for the Year Ended 5 April 2024 STRUCTURQ GOVERNANCE AND MANAGEMENT Governing document Thc charity is c£trolled by its governing d(UMen( a deed of trust and constituks an unincorporated charity. Charity Constitution The Wrenth8m Trust is governed by five tNstees. apFK)inted by the founders or by co-option of the trustee body. The trustees at the end of the reIng lod and al the dale of this rert were Andrew Kisiel. Brigitte Kisiel. Timothy KisieL Bernd Ratrke and Karen Ratrk¢. The InlS meet (physically or digitally) as often &s is required to make decisions which affect the actual or planned OFKralion5 of Tr Wrentham Trus( and minute their dc£isions. They have adopted a foal Grani Making Policy lo suprth their decision makin& The Wrentham Tn1 has no employees and none of the trustees received any expense5 or remuneration in connection with their role as In1$. All the trUCeS are qualified profe55iona15 (lawye. engineers or teachers) or have significant experience in running succe&sful Iwsinesse5. WheTe appropriate. they have soughi and have received professional advice and guidance on their resFh)nsibilities &s tntstees. Risk njanagement The trnslees have a duty to idenlify and review the risks to which the charity is eXsl and to ensu appn)priak c(mtrols are in place to provide we&8onable &8surnnce against frnud and em)r. The trSleeS consider thal a cal&strophic failure of the Imnktng system is the only significant financial risk to which The Wrentham Tnt is exw>sed and that if such event were lo hapFn it 15 highly likely thal all the Major clearing banks would be adveT5ely affcctaj. REFERENCE AND ADMINIRATIVE DETAIiS Regtstered Chgrity number I(KK)440 Prlnclpal addre The Deerleap Balchins Lane Westcou DOing Surrey RH4 3LW Truste B RatrJ(¢ K J Rat7J(e Dr A J Kisiel B M Kisiel T B Kisiel Independent Examiner Nicholas Boot FCA Bullimores LLP Chartered Accountants Old ljrinta5 Yard 156 South Streel DOIng Surrey RH4 2HF Page 2
The Wrentham Trust Report of the Trusteeg for the Year Ended 5 April 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Nlonal Westminster Bank plc 14 High Street Iknrking Surrey RH4 IAX Approved by order of the Ix)ard of trustees on 22 Novernr 2024 and signed on its behalf by: B RatrJ£e- Trust¢¢ Page 3
Independent Eisminees ReIrt to the Trnstees or The Wrentham Trust Independent examiner's report lo the Irustee5 of The Wrentham Trust report to th¢ charity In1¢¢5 on my examIn10n of the accounts of The Wrentham Trust (the Trnst) for the year ended 5 April 2024. R¢So51b11l1ltS and basis of rep)rt As the charlty trustees of the Tru* you are re5Ws1b1e for the preFMration of the accounts in 4ccordan¢e with the requirements of the Charities Aci 2011 Cth¢ Act,). I rew)rt in resi of my examlnation of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5Xb) of the Act. IDdependenl examiner's slatement I have cornpleted my examination. I confim that no material matters have come to my attention in connection with the examination 8iving me cause to lIeVe in any material resFtct: accountin8 mrds were not kqA in respyd of the Tnt as luIred by Section 130 of the Act: or the Jccounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the fom] and content of accounts sel out in the Charili&5 (Accounts and ReFX)rts) RegulonS 2(K)8 other than any requiremeni that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concwns and have come across no other matlers in connection with the examinalion to which attention should be drawn in this rerth in order to enable a proper unthrsthnding of the accounts to be reached. ,114- Nicholas Bo(A FCA Bullimores LLP Chartered Acci)unlants Old PrinleTS Ya 150 South Street DOing Surrey RH4 2HF Page 4
The Wrentham Trust Statemenl of FinAncial Aetivities for the Year Ended S April 2024 5.424 Unrestricted fund 5.423 Totsl funds INCOME AND ENtK)WMENTS FROM Donations and legacies 1688 Investsnent inclxne 54,997 16.097 TotAI 54.997 18,785 EXPENDITURE ON Ch%rltable aetivltlej Charitable Donations 156J37 143.850 2.1( 1.620 Totsl 158.697 145.470 NET I]YCOMFJ(EXPENDITURE) (103.7(M)) (126,685) RECONCILIATION OF FUNDS Totsl funds broughi forward 3.676.519 3.803204 TOTAL FUNDS CARRIED FORWARD 3.572.819 3.676.519 The notes forni part of these financial sts*ments Page 5
The Wrentham Trust Balance Shttt 5 April 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes CURRENT ASSETS Debtors Cash ai bank 38 3.678.101 3.574.979 3,574.979 3.678.139 CREDITORS Amounts falling due within one year (2.160) (1,620) NET CUIiRENT ASSETS 3,572,819 3,676.519 TOTAL A&SETS LESS CURRENT LIABILITIES 3.571819 3,676,519 NET A&SETS 3.572.819 3,676.519 FUNDS Unrestricted fimds 3.572,819 3.676.519 TOTAL FUNDS 3,5r2,819 3.676.519 The financial sW¢ments were approved by the Board of Tntstees and authorised for issue on 22 November 2024 and weTe signed on its behalf by.. B Ratrke- Truslee The notes forni part of these fmancial statements Page 6
The Wrentham Trust Notes to the Financial St8lements for the Year Ended 5 April 2024 ACCOUNTING POLICIES Bg5is of preparing the financial statements The financial statements of the charity. which is B public Inefit entity under FRS 102. have been rKepared in xcordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststemenl of Recommended Practice applicable tr> chartties preparing their OUnts in accordance with the Filyancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efTective l January 2019),. Financial ReEx)rting Stsndard 102 The Financial Rewrting Stsndard appli¢abl¢ in the UK and Republic of Ir¢land' and the Charities Act 2011. The financia] stalements hav¢ Lten pr¢pared under the historical cosl convenlion. The trustees co81d¢r that ther¢ are no material unc¢rtainties aiK)ut the charity's ability to continue as a going concem. Finaneial rertIng standard 102 - redu¢¢d dknclosure exemptlons The charity h&$ taken advanth8e of the following disclosure exemption in preparing these fuwicial teMen1& &8 pmitted by FRS 102 Th¢ Financial RetM)rting Standard appli(¥bl¢ in the UK and Republic of Ireland: the requirements of S¢thion 7 Statement of Cash Flows. Ineome All income is recognised in the Statement of Financial Activities once the charity h&$ entitlement to the it is probable tha( the income will be received and the amounl can be measured reliably. Expendllure Liabilities are reco&nised as expenditure as 500n there is a legial or consiructive obligaiion committing the charity to that expenditure, it is probable that a transfer of economic benefils will required in settlement and the amuunt of the obligiaiion can be measured reliably. Expenditure is accounted for on an accruals basis and h&8 Ien c]lf] under h¢adin85 thal aggregate all cost related to the caOry. Where cannot be directly artributed to particular headings they have been allocated to activities on a b&sis consistent with the use of resourcw. Grants offered subjeth to condili(m5 which have Ixen m¢1 at the yw end date are noted &8 a committneni bul n(rt accrued as exndIture. Taxatlon Th¢ charity is exempt from tax on its charitable activities. Fund aecoun¢in8 Unrestricted funds can be used in accordance with the charitsble objectives the discretion of the tThees. Restricted fimd5 can only be used for prtiCular Tr5trictrd purFKw within the objects of the charity. ResIr110Th aris¢ when spKified by the donor or when funds are raised for particular restricted purpses. Further explanation of the nature and purpose of each fund is includ1 in the notes to the financial statements. Deblors Debtors are amounts owed to the charity. They are re¢ognised at the me&gutt of the b&8is of their Tecoverable amount. Amounts which ar¢ owed to the charity in rn0 than a year are shown &s amounts falling due after more than year. Cash At bank Cash at bank 15 held to meet day to day running costs of the charity as they fall due. Creditors: amounts f#lling due wilhin one year Creditor5 are amounts owed by the charity. They are m¢wJrd at the amount that the charity ex to have to pay to ttle a debi. Page 7 Clmtinued...
The wthrn Trnst Notes to the Fioancial Ststements- eontinued for the Year Ended S April 2024 INVESTMENT INCOME 5.4.24 5.423 De[511 account inlerosl 54.997 16.097 GRArS PAYABLE 5.4.24 5.4.23 Charitable tknatioTrs 156,537 143.850 Grants of £1 56,537 were made in the year (£143.850 for the year ended 5 April 2023). All in the year were made for benefit of lnslituli& with n(e made to individuals. This was also the case in the year ended 5 April 2023. As a charitsbl¢ trusl rcgistcrcd in England and Wales. the charity has taken advantage of the disclosure exemption not lo provide the names of girdni recipients and the amounts of such grants. durin& the lifclime of the setilor who donaied the from which the grnnts paid. qyrHER 5.4.24 5.4.23 Suppxt costs 2.160 1.620 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the y¢8r ended 5 April 2024 nor for the year ended 5 April 2023. Truslee5' expenses There were no trustees, expenses Fold for the year ended S Aprll 2024 nor for the year ended 5 April 2023. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Othty debtors 38 Page 8 continue(L..
The Wrentham Trust Noles to the Financial Ststements- continued for the Year Ended 5 April 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other creditors 11(rf) 1.620 MOVEMENT IN FUNDS Net movement in funds At 5.4.24 At 6.4.23 Unrostricted funds GenLral fund 3,676.519 (103,700) 3.572.819 TOTAL FUNDS 3.676.519 {103.700) 3.571819 Nd movement in funds. included in the above are as follows: Incoming Resources expended Movement in funds Unreslrieied funds Generdl fund 54.997 (158.697) (103.7(X) ) TOTAL FUNDS 54.W7 (158,697) (103.700) Comparatlves for movement in funds Net movement in funds Al 6.4.22 5.4.23 Unreslrleted funds Gen¢rnl fund 3,803204 (126,685) 3,676,519 TOTAL FUNDS 3.803204 (126,685) 3.676.519 Comparntive net movement in funds, included in the 8iK)ve are as follows: Incorning resources Resou Movement expended in funds Unrestricted funds G¢ii¢rai tund 18.785 {145,470) (126,685) TOT AL FUNDS 18.785 {145.470) (126.685) Page 9 Continue..
The Wrenlham Trust Notes to the Fingnci81 Slatements- Continued for Ihe Year Ended S April 2024 OTHER FINANCIAL COMMITMENTS The Wrentham Tftt committed to provide swdentship funding of up to £4(M).(XM) University College London on 9 March 2021. It was anticipated that the fundingy would be made annuallv over the next 4 financial years. commcncing in 2021. and during the year to 5 April 2023 a donlOn was made of £ 100,000. There are perfonnance condiiions related io the wovision of fundTng and as such no provision has been made in the financial 51atements for the funding arnnts for the next 2 yeats. After 5 Awil 2023 it was agreed that the annual funding arnount k incTr&sd from £100.O(K) to £108.0(K) for each of th¢ 2 years ending 5 April 24 and 2025 restIvelY, again subject lo pcrforniance condilions. A commitment w&s made on I l April 2024 to provide The Francis Crick Inslitute with a grant of £150,0(K) by the end of Sepiemter 2024 to fund a 4-year PhD research swdentship. Such h&s been paid. io. RELATED PARTY DISCLOSURES A £IO.IKK) grant was paid in the year to a learning-5UPFKlrt gIStered charity. Transfonning Lives for Good (fLG). for which one of the truslees is an unpaid volunteer. There were no amounts outstanding between TLG and The Wrentham Tn at 5 Awil 2024. Donations were rnade in the year lo other charities of similar amounts. Page 10
The Wrentham Trngt Detailed Stsiemenl of Financial Activilies for the Year Ended 5 April 2024 5.424 5.4.23 INCOME AND ENDOWMENTS DoDations and lega¢ie8 Donations Gift aid 2.650 38 2.688 Investment Income Deplvthit account interest 54.997 16.097 Tolal Incoming regourees 54.997 1 &785 EXPEiYDITURE Ch8rltsble actlvltffies Grants lo institutions 156,537 143,850 Support costs Governance costs AccounlanLy fees 2.160 1.620 Tothl TourceS ¢xpended 158.697 145.470 Net expendlture (lo3.7)} (126.685) This d(S not fom part of the statutory financial stalements Pagell
Independent Examinerfs ReTKbrt to the Trustees of The Wrentham Trust Independent elaminer's report to the truslees of The Wrenthgm Trust report lo the charity trSleeS on my examination of the aLrounts' of The Wrentham TnLSt (the Trust) for the year ended 5 April 2024. ResnSIbilitieS and basis of rert As the charity trustees of the Trust you are reswmsible for the prepu8tion of the accounts in accordance with the requirements of the Charities Ath 2011 he Aci,). I rep in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Diredions given by th¢ Charity Commission under Section 145(5Kb) of the Act. Independeal examiner's Slatement I have completed my examination. I confTh thai no malerial maileTS have tome to my attention in connection with the examination giving me cause lo Ixlieve in any material 5£1. accounting records were not k• in respeth of the Tn1 as required by Sethion 130 of the Act: or the acwunts do not attord with those records: or the accounts do not comply with the applicable requirements concerning the fonn and content of accounts sd oui in the Charitie5 (Accounts and Rewrts) Regul10n$ 2008 other than any requtrement thai the accounts give a Irue And fair view which is not a matter considered as part of an independent examination. I hav¢ no concerns and have come acro&4 no other matters in connection with the examination to which attention shId be drnwn in this report in order lo enable a proper understanding of the accounts to be reach•a. Nichol BLWA FCA Bullimores LLP Chartered Accountants Old Prtnter5 Yard 156 South Street Dorking Surrey RH4 2HF Page 4