The Charlty Registration Number is :_ 1010559
The Robert Clutterbuck Charitable Trust
Report and Accounts
5 April 2024

The Robert Clutterbuck Charitable Trust
Report and accounts for the year ended 5 April 2024
Contents
Page
Charity infomiation
Trustees. Annual Report
Statement of directors. responsibilitie8
Indopgndent Accountanf8 Report
Funds Statements...
ststement of Financial Acttvilies
ststement of total recognised gains and losses
Fixed Asset funds
Movements in funds
Income and Expenditure account
14
15
16
16
17
Balancg 8heet
18
Notes to the accounts
19

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
The Trustees present their Report and Accounts for the year ended 5 April 2024.
Reference and administrative details
rhe charity name.
The legal name of the charity is:_ The Robert Clutterbuck Charitable Trust
The charfty's areas of operation and UK charltable reglstratlon.
The charity is registered in England & Wales with the Charity Commission in England &
Wales (CCEW) with charity number 1010559
Legal structure of the charfty
The charity is constituted as an unincorporated charity. established by Trust Deed. The
governing document of the charity is the Trust Deed establishing the charity.
There are no restrictions in the governing documents on the operation of the Charity or
on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
The prfnclpal operatlng addre8S, telephone number, emall and addresses of the charlty
are:.
28 Brookfields
Calver, Hope Valley
Derbyshire, S32 3XB
Telephone 01433 631308 Email Address secretary@clutterbucktrust.org.uk Web
address ￿w.GIutterbuCktrUst.Org.uk
The Trustees In office on the date the report was approved were:.
Mr l A Pearson
Mrs L F Pitman
Mrs T Lydekker
The trustees who served as a trustee in the reporting period were as shown above, and
there were no changes during the year, or in the period between the year end and the
approval of the accounts.

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
Objects and activities of the charty
The puryjoses of the charity as set out in its governing document.
The Trust was established by a Deed dated 2 April 1992 on the basis that the income
shall be applied for the benefit of such charitable purposes, charitable institutions,
charitable foundations or charitable trusts as shall be determined by the trustees. The
trustees may at their discretion also apply any capital similarly.
The main activities undertaken in relation to those purposes during the year.
The trustees meet ￿lce a year to review grant applications in light of funds available and
grant criteria. Grants may be made immediately or further conditions may be requested
before grants will be made. In addition there are annual bursary payments made to the
Worshipful Company of Founders and the Worshipful Company of Barbers further
particulars of which appear on page 4.
HISTORY OF THE CHARITY
Major R G Clutterbuck founded the charity in 1992 and funded it with £1 million from his
own resources. For nearly twenty years he was chairman and took a keen interest in the
Trust's activities. Until ill-health affected him in his last few years, he spent a great deal
of time considering the various appeals and expressing views upon them. On his death
on 17 April 2012 Major Clutterbuck left a legacy of £500,000 to be added to the Trust's
resources. The trustees are atways mindful of what his views would have been when
considering applications.
The trustees do not expect that there will be any new resources in the form of legacies or
gifts from other outside sources in the future.

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
The main activities undertaken during the year to further the charity s
purpose for the public benefit.
The trustees achieve the Charity Commission requirements to provide public benefit by
providing funding to a wide range of other well established organisations and fo￿rd
looking new small charities within their stated priorities.
During the year the trustees were able to help a wide variety of good causes. Amongst
the grants given, they are pleased to be able to help charities that supported-.
current and past seNice personnel and their families.
several village activities and other projects within Cheshire and Hertfordshire.
wildlife and conservation projects throughout the United Kingdom.
domestic and other animal charities.
recreation facilities for the young and disabled.
A full list of the grants paid over the last two years is shown in note 19 on pages 25 to 27
of the accounts.
The trustees have had regard to the Charity Commission's guidance on public benefit in
managing the activities of the charity.
Grant maklng policies and how these contributed to the achievement of the
charity s aims and objectives during the year.
Grants will not be made to charities with an annual turnover exceeding £500,000 unless
they are primarily concerned with the welfare of ex-service personnel or have p￿vIOuslY
received a grant from the Trust.
The trustees do not consider applications for payments to individuals and prefer not to
pay grants below £1,000. They prefer that grants be applied for the purchase of specific
items.
The trustees wll not nonnally consider appeals from charities within two years of a
previous grant being approved.
Grants are awarded to charities:_
al in support of personnel within the Armed Forces and Ex-seniice men and women.,
b) in support of sport and recreational facilities for young people giving priority to
Cheshire and HertFordshire',
c) dealing with the welfare, protection and presetvation of domestic animal life giving
priority to Cheshire and Hertfordshire.,
d) dealing with natural history and wildlrfe in the British Isles, giving priority to Cheshire
and Hertfordshire.,
e) that are particularly associated with the founder, Major Robert Clutterbuck
(deceased).

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
The main achievements and performance of the charity during the year.
Bursaries
Despite the current uncertain economic climate, the trustees have sufficient ongoing
funds to continue supporting Iwo annual awards.
The Worshipful Company of Founders has requested an annual bursary to support
students in the fields of materials engineering and technology. The trustees have agreed
to fund two bursaries of £1,500 each for students finishing at John Warner School and
going on to university. The Worshipful Company of Founders will contribute £500 and
the trust £2,500. The selection process has commenced and the trustees will be
providing information on the selected students.
A bursary of £2,500 has been established, named after Major Robert Clutterbuck who
was a liveryman of the Worshipful Company of Barbers. It assists the medical training of
a student through the Worshipful Company of Barbers charities. The trustees were
pleased to see the details of the successful candidate for this year, whose application
was particularly impressive and whose need for financial support very obvious, and
agreed that the grant should be rolled forward for a further year.
The difference the charity s perfom?ance during the year has made to the
beneficiaries of the charity and have benefited wider society.
The trustees are satisfied with the performance of the charity during the year and the
position at 5 April 2024 and consider that the charity is in a strong position to continue its
activities during the coming year despite the uncertainty in the UK and worldwide
economies, and that the charity's assets are adequate to fulfil its obligations.
The grants made by the charity have enabled the recipients to move forward with their
current and future activities and hence benefit the wider society.
Investment performance against the Investment objectives.
The trustees, aim is to maintain the capitsl value of the Trust investments at not less
than £2 million to achieve an adequate income flow to use together with contributions
from capital to make grants for charitable purposes.
The trustees and appointed stockbrokers are satisfied that the portFolio performance
matches expectations.
As at 14 September 2024 the total portFolio value is £2,335,009.

The Robert Clutterbuck Charitable Trust
Trustees, Annual Report for the year ended 5 April 2024
The methods used to recruit and appoint new charity trustees.
In the event of a vacancy for a trustee. the trustees would endeavour to find a
replacement with knowledge of the aims of the Trust and of the late Major Clutterbuck's
wishes. They would then make an appointment at the next trustees, meeting.
No other person or external body is allowed to appoint a trustee.
The trustees, bankers and advisors
Bankers
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling,
Kent ME19 4JQ
J M Finn & Co Ltd, 25 Copthall Avenue, London EC2R 7AH
Hamilton Burt, 47 Holly Hill, Bassett, Southampton S016 7ES
Investment advisors
Accountants
Financial review
The charity s financial position at the end of the year ended 5 April 2024
The financial position of the charity at 5 April 2024 and comparatives for the prior period,
as more fully detailed in the accounts, can be summarised as follows:.
2024
2023
Net incomel(expenditure)
132,951
{297,324)
Unrestricted Revenue Funds available
for the general purposes of the charity
2,297.843
2,164,892
Total Funds
2,297,843
2,164,892

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
Financial review of the position at the reporbng date, 5 Apnl 2024 .
The trustees consider the financial performance by the charity during the year to have
been satisfactory.
The financial statements are set out in pages 14 to 28. The financial statements have
been prepared implementing the Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
102 (effective 1 January 2016).
The Stalement of Financial Activities show revenue income less all costs for the year
resulting in net outgoing resources (loss) of £31,119 {prior year net outgoing resources
Ilossl of £20.987) as shown on page 17 and an increase in capital resources of
£164,070 (prior year decrease in capital resources of £276,337). making a net overall
increase (profit) in resources of £132,951 (prior year net overall decrease {loss) of
£297,324) as shown on page 15.
The total reserves at the year end after accounting for unrealised gains stand at
£2,297,843 (prior year £2.164.892) as shown on page 16.
The trustees noted that the huge change in income for the year resulted from the
increase in the value of the trust's investments in the year rather than investment income
which had in fact increased modestly in the current year. The prior year decrease would
only have been realised on immediate sale of the investments at 5 April 2023.
Policies on reseNes.
The Trust holds reserves in order to maintain the level of benefits for charitable
purposes, charitable institutions. charitable foundations or charitable trusts as shall be
determined by the trustees.
All funds are received as unrestricted as they come from the founder, who made no
specific stipulations, or from subsequent investment. The trustees from time to time
designate funds for future grants.
Unrestricted funds are needed..-
al to provide funds which can be designated to specific projects to enable these to be
undertaken at short notice.,
b) to cover administration support costs without which the charity could not function.
The Trust has unrestricted reseNes of £2,297,843 as at 5 April 2024. This is a increase
on the previous year of £132,951.

The Robert Clutterbuck Charitsble Trust
Trustees. Annual Report for the year ended 5 April 2024
Going Concem
The uncertainty in the global economy have affected the Trust's underlying value of its
assets but not the income generated therefrom. There is no threat to the Trust's
continued existence.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets are available and adequate to
fulfil its obligations.
Significant events which have affected the financial perfonnance and the
Inancial position.
The global uncertainty has caused the Trust's capitsl value to fluctuate over the last few
years. However as at a certain point in time i.e. 5 April in the year, the capital value of
the Trust's investments has remained above the target figure of £2 million. The trustees
considered that they should do what they could to help other charities that were
generally in difficult financial positions due to the effect the high cost of living and
inflation has had on fundraising activities.
Investment policy and investment objectives.
The trustees intend that the real value of the Trust's assets be maintained and enhanced
over the long term by investment in a portfolio comprised of equities, fixed income stocks
and cash. In addition, the trustees wish to withdraw a sum each year to meet the Trust's
expenditure.
In order to meet these objectives the trustees have appointed J M Finn & Co Ltd. as the
Trust's agent to manage a diversified portfolio of suitsble investments on a discretionary
basis. In the context of the J M Finn & Co Ltd Client Understanding Note the truslees
have selected e balance investment objective with medium risk. No iestriGtions were put
on the investment portfolio diversity with regard to social, environmental or ethical
considerations.
The trustees wish to thank Mrs Kim Woolmer and her team at J M Finn & Co Ltd. for
their hard work on behalf of the trust.

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended S April 2024
The major risks to which the Charity is exposed and reviews and systems
to mitigate them.
The future perf0mlan￿ of investments is hard to predict in an unusually volatile global
market. The asset base of the Trust does depend on the perfomiance of the stock
market and the Trust minimises the risks by placing the management of investments in
the hands of J M Finn & Co who have an excellent record. The Trust will continue to take
the advice of J M Finn & Co who are familiar with the needs and aims of the charity in
respect to income from and value of their portfolio.
Plans For the Future
Summary of plans for the future and the trustees. perspective of the future
direction of the charity.
The trustees have not considered lowering the minimum grant level of £1,000 as this is
considered to be a reasonable level to ensure that the grant will have a significant
impact. However many of the charities the Trust wishes to help are suffering financial
difficulties. During the current crisis with a lower income, in order to maintain the level of
grant making. the Trustees will authorise transfers from capital to be made. The
Trustees do not believe that the amounts of capital which will be transferred will have
any material effect on the overall value of the Trust's investments.
Detsils of The Independent Examiner
WAHBurt
Member of Association of Taxation Technicians
47 Holly Hill
Bassett
Southampton
Hampshire
S016 7ES

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
Statement of Trustees. Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance
with the terms of the Charities Act 2011 and the Charities (Accounts and Reports)
Regulations 2008. Notwithstanding the explicit requirement in the extant ststutory
regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the
financial statements in accordance with the SORP 2005, in view of the fact that the
SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility
as requiring them to follow current best practice and prepare the accounts according to
the FRS 102 SORP {Statement of Recommended Practice for Accounting and Reporting
by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP),
In particular, charity law requires the Trustees, if they prepare accounts on an accruals
basis, to prepare financial ststements for each financial year which give a true and fair
view of the state of affairs of the charity as at the end of the financial year and of the
surplus or deficit of the charity. In preparing those financial statements the Trustees are
required lo :_
prepare the accounts in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law).
select suitable accounting policies and apply them consistently.,
make judgements and estimates that are reasonable and prudent"
prepare the financial statements on the going concern basis unless it is inappropriat,
to presume that the charity will continue in business-
state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements.,
The law requires that the trustees must not approve the accounts unless they are
satisfied that they give a true and fair view of the state of affairs of the charity and of the
surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which
disclose with reasonable accuracy at any time the financial position of the charity and
which are sufficient to show and explain the charity's transactions and enable them to
ensure that the financial statements comply with regulations made under the Charities
Act 2011. 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.

The Robert Clutterbuck Charitable Trust
Trustees. Annual Report for the year ended 5 April 2024
The Trustees are also responsible for the contents of the Trustees. report, and the
statutory responsibility of the Independent Examiner in relation to the Trustees, report is
limited to examining the report and ensuring that , on the face of the report. there are no
material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 1 October 2024.
I A PEARSON
Trustee
10

The Robert Clutterbuck Charitable Trust
Report of the Independent Examiner to the Trustees of the charity on the accounts for
the year ended 5 April 2024
I report to the Trustees on my examination of the financial statements of the charity on pages
14 to 28 for the year ended 5 April 2024 which have been prepared in accordance with the
Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1 st
January 2016) adapted to meet the needs of unincorporated organisations, as modified by
FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by
Charities) 2015, (as amended by the Bulletin issued in February 2016). (The SORP),
published by the Charity Commission in England & Wales (CCEW) , and under the historical
cost convention and the accounting policies set out on page 19.
Respective responsibilities of the Trustees and the Independent Examiner and the basis
As described on page 9. you, the charity's Trustees, are responsible for the preparation of the
financial statements in accordance with the Charities Act 2011 and all other applicable law and
with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities,
and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011
(the Act) does not apply, and that there is no requirement in the Governing Document for the
conducting of an audit. As a consequence, the Trustees have elected that the financial
statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any
legal provision, or otherwise, and are eligible for independent examination. it is my
responsibility to:_
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission
under section 145{5)(b) of the Act.
11

The Robert Clutterbuck Charitable Trust
Basis of Independent ExaMine￿S Statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under
s145 of the Act. In carrying out my examination. I have followed all the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an
independent examiner in relation to the conducting of an independent examination. An
independent examination includes a review of the accounting records kept by the charity and
of the accounting systems employed by the charity and a comparison of the financial
statements presented with those records. It also includes consideration of any unusual items
or disclosures in the financial statements, and seeking explanations from you, as Trustees,
concerning such matters. The purpose of the examination is to establish as far as possible
that there have been no breaches of charity legislation and that, on a test basis of evidence
relevant to the amounts and disclosures made, the financial statements comply with the
SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit,
and information supplied by the Trustees in the course of the examination is not subjected to
audit tests or enquiries and does not cover all the matters that an auditor would consider in
arriving at an opinion. The planning and conduct of an audit goes beyond the limited
assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements,
and in particular, l express no opinion as to whether the financial statements give a true and
fair view of the affairs of the charity, and my report is limited to the matters set out in the
statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the
independent examination are achieved and before finalising the report l obtained written
assurances from the Trustees of all material matters.
12

The Robert Clutterbuck Charitable Trust
Independent Examinerfs Ststement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my
examination.. and can confirm that:_
This is a report in respect of an examination carried out under 145 of the Act and in
accordance with Directions given by the Charity Commission under section 145(5)(b) of the
Act which may be applicable;
and that no material matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect"_
accounting records were not kept in respect of the charity as required by with Section 130
of The Charities Act 2011"
the financial statements do not accord with those records., or
the financial statements 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 not been prepared in accordance with the methods and principles set out in the FRS
102 SORP (Statement of Recommended Practice for Accounting and Reporting by
Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
I 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 financial statements to be reached.
Slgned:.
W A H Burt - Independent Examiner
Association of Taxation Technicians
47 Holly Hill
Bassett
Southampton
Hampshire
S016 7ES
This report was signed on 4 October 2024
13

The Robert Clutterbuck Charitable Trust - Statement of Financial Activities for the
year ended 5 April 2024
Statement of Financial Activities for the year ended 5 April 2024
SORP
Ref
Current year
Un￿Stricted
Funds
Current year
Restricted
Funds
Current year
Total Funds
Prior Year
Totsl Funds
2024
2024
2024
2023
Incom8 & Endowments from:
Investments
A4
51,217
51,217
51,959
Expendlturo on:
Raising funds
Charitable activities
Other
B1
B2
83
19,823
56,803
5,710
19,823
56,803
5.710
20,209
46,643
6,094
Total expenditure
82,336
82,336
Net gains on investments
B4
164,070
164.070
(276,337>
Nat incomel(exp8nditure) for the yèar
132.951
132,961
(297,324)
Net income after transfers
A-B-C
132,951
132,951
(297,324)
Net movament In funds
132,951
132,951
{297,324)
Reconciliation of funds:.
Total funds brought forward
2,164,892
2,164,892
2,462,216
Total funds carried forward
2,297,843
2,297,843
2,164,892
The 'SORP Ref indicated above is the classification of income set out in the formal SORP documents. As
required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been
agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 19 to 28 form an integral part of these accounts.
14

The Robert Clutterbuck Charitable Trust - ststement of Financial Activities for the
year ended 5 April 2024
ststement of Total Recognised Gains and Losses for the year ended 5 April 2024
2024
2023
Deficlt for the year :_
Net excess of income over expenditure from operations before tax
{31,119)
(20,987)
Income from operations before tax In the Statement of Financlal Activitles
(31,119)
(20,987)
Add/(deduct) non income and expenditure items...
Unrealised gainsl(losses) on investments
164,070
{276,337)
Net Movement in funds before taxatlon
132,951
{297,324)
Funds generatsd In the year as shown on Statement of Flnanclal Activities
132,951
297,324
The notes attached on pages 19 to 28 form an integral part of these accounts.
15

The Robert Clutterbuck Charitsble Trust - statement of Financial Activities for the
year ended 5 April 2024
The Robert Clutterbuck Charitable Trust - Resources applied in the year ended 5
April 2024 towards fixed assets for Charity use:.
2024
2023
Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities
132,951
132,951
297,324
297,324
The notes attached on pages 19 to 28 form an integral part of these accounts.
Movements in revenue and capital funds for the year ended 5 April 2024
Revenue accumulated funds
Unrestricted Rastrfcted
Funds
Funds
2024
2024
Total
Funds
2024
Last year
Total Funds
2023
Accumulated funds brought fO￿ard
2,164,892
2,164,892
2,462,216
Recognised gains and losses before transfers
132,951
132,951
(297,324)
2,164,892
2,297,843
2,297.843
Closlng revenue funds
2,297,843
2,297,843
2,164,892
Summary of funds
Unrestricted Restricted
and
Funds
Designated funds
2024
Total
Funds
Last Year
Total Funds
2024
2024
2023
Revenue accumulated funds
2,297,843
2.297,843
2.164.892
The notes attached on pages 19 to 28 form an integral part of these accounts.
16

The Robert Clutterbuck Charitable Trust - ststement of Financial Activities for the
year ended 5 April 2024
The Robert Clutterbuck Charitsble Trust
Income and Expenditure Account for the year ended 5 April 2024 as required by the
Companies Act 2006
2024
2023
Income
Investment income
Income from investments. other than interest receivable
Interest receivable
37,775
13,442
42,761
9,198
Gross Income In the year before exceptional items
51,217
51,959
Gross in¢ome in tho year Sncluding exceptional items
51,217
51,959
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Fundraising costs
Governance costs
Other expenditure
Realised losses on disposals of social investments which are programme
related
55,308
19,823
1,495
5,710
45,073
20,209
1,570
6,094
Total expenditure in the year
82.336
72,946
Net income before tax in the financial year
(31,119)
{20,987)
Tax on surplus on ordinary activities
Net income after tax in the financial year
(31,119)
(20,987)
Retained surplus for the financial year
31,119
20,987
All activities derive from continuing operations
The notes attached on pages 19 to 28 form an integral part of these accounts.
17

The Robert Clutterbuck Charitsble Trust - Balance Sheet as at 5 April 2024
SORP
Note Rgf
2024
2023
Flxed assets
Investments held as fixed assets
2,292,615
2,108,434
Current assets
Investments hehy as current assets
Cash al bank and in hand
10 B3
5,576
5,847
56,211
25,442
Totsl cul￿nt assets
11,423
Creditors: amounts falllng due
within one year
11 C1
6.195
25.195
Net current assets
5,228
56.458
The totsl net assots of the charfty
2,297,843
2.164,892
Tha total net assets of the charfty am funded by the funds of the chartty, as follows:.
Restri¢tod funds
Unrestrlcted Funds
Unrestr¢cted Revenue Funds
14 D3
2,297.843
2,164,892
Deslgnat•d Funds
Totsl ¢harlty fund8
2,297,843
2,164,892
The 'SORP Ref indicated above is the classification of Balance Sheet items as set oul in the
formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward
and carried foNard funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of
charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and thè report of
the Independent Examiner is on page 13.
The Truslees are satisfied that. although the charity is not registered under the Companies
Acts, if it were so registered, it would be eligible lo prepare accounts in accordance Wbth the
provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small
companies regime.
I A PEARSON
Trustees
Approved by the board of trustees on 1 October 2024
MRS L F PIThIAN
MRS T LYDEKKER
The notes attached on pages 19 to 28 fonn an integral part of these accounts.

The Robert Clutterbuck Charitable Trust
Notss to the AcGounts for the year ended 5 April 2024
1 Accounting policies
PoliciTes relating to the production of the accounts.
Basls of preparation and ac¢ountlng eonventlon
The accounts have b8en prepared on the accruals basis, under the historical c05t convention. and in
accordance with the Financial Reporting Standard 102, {effect¢ve 1st January 2016) and'FRS 102
SORP Iststement of Recommended Practs.￿ for Accounting and Reporting by Charities} 2015, {as
amended by the Bulletin issued in February 20161. (The SORPI, published by the Charity Commission
in England & Wale5 (CCEWI , effective January 2016, , and in attOrdan￿ with all applicable law in
the charitys jurisdiction of registration, eX￿pt that the charity has prepared the financial statements in
accordance with the FRS 102 SORP (Statement of Recommended Practi￿ for Aecounling and
Reporting by Charities) 2015, las amended by the Bulletin issugd in February 2016). (The SORP), in
preferen￿ to the previous SORP, the SORP 2005. which has been withdrawn, notwithstanding the
fact that the extant statutory regulations, the Charities IAccounls and Reports) Regulations 2008 refer
explicitly to the SORP 2005. This has been done lo accord with current best practice.
Rlsks and future assumption8
The ¢harity is a public benefrt entity.
The trLtstees have reviewed the governance, operats'onal, financial, extemal and legal and regulatory
compliance risks which may affect the Trust within the next 12 months. In the view of the trustees the
largest risk to the Continued operabon of the Trust is the fluctuation in investments. To mitigate the
risk. the Trust has instructed in writing J M Finn & Co Ltd lo manage the portfolio on their behalf in line
with their investment policy. The investment advisers attend the trustees, meetings, which OCCLsr twice
year, to review the investment portfolio and make any future investments as agreed and approved
by the trustees.
Policles rnlatlng to categorles of Income and inconw ro¢ognltlon.
Naturè ol In¢om•
Gross income represents the value of divid8nds and intsr¢$t from investments held.
Catogorlos ot In¢omo
Income 1$ ¢ategorised as income from investsnent income 8nd other income.
Incom• r•¢ognition
Income is recognised in thè statemènt of financial activities ISOFAI on a receivable basis, when a
transaction or olher event results in an increa)¢ in th¢ Gharity's aosetJ or a redL+Gtion in its liabilitiea
and only when the charity has legal entitlement. the income is probable and can be measured reliably.
Income subject to tenns and conditions which must be met before the charity is entitled to the
resources is not recognised until the conditions have boen mel_
All income is accountod for gross, before deducting any related fees or costs.
19

The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2024
Policies relating to expenditure on goods and seThices pmvided to the charity.
Re¢ognltJon of Ilabllltles and ¢xpendlture
A liability. and the related expenditure, is ￿cOgnised when a legal or constructive obligation exists as
a result of a past event, and when it is more likely than not that a transfer of economic benefits will be
required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, indudifig
performan￿ related grants, where the timing or the amount of the future expenditure required to settle
the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the
accounting year end. The Pfovision is increased to reflect any increases in liabilities, and is decreased
by the ulilisation of any provision within the period. and reversed if any provision is no longer required.
These movemen1$ are charged or credited to the respeth.ve funds and activities to which the provision
relaleg.
Pollcles relatlng to assets, liabilities andpmvisions and othermatters.
Flxéd Ass•t Inv•$tm•nt8
Fixed asset investments in quoted shares. traded bonds. investment properties and similar
investments ore Shown initially at ¢osl upon acquisition and at their malkel value al the balan￿ sheet
date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted fquiti85 are shown al the balance sheet da18 al the best estimate
of their market value, where pra¢ti¢able. Where valuation techniques are considered unreliable or
where. in the opinion of the trustees, the ¢o$ts outsveigh the benefits to the users of the accounts, tho
investment 15 included al cost, and a review is undertaken at each year end as to whether the asset
should be written down.
All gains on fixed asset investments. whether realised or unrealised, a￿ induded in r¢JW B4 of the
Statement of Financial Activrties.
Debtons
Debtors are measured at thèir recoverable amounts at the balance sheet date.
Curront as8gt Inv•gtmonts
Current asset investments are shown at the amounts propedy ￿COn￿led to the stockbrokerfs
Statements.
Creditors and provlslon$
In accordance with the SORP, a contingent liability for those grants, which do not represent liabilities,
where the possible obligation, which arises from past events will only be confirmed by the occurren
of one or more ￿n￿rtain fLrture events not wholly within the trustees, control. Provisions are
racognised for those grants where there is ￿n￿rtaInty as to the liming and amount. and any
uncertainty regarding the amount is more than one of detemiining a basis for reasonable estimation of
the liability arising from that conslrucb've obligation.
20

The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2024
Cash and bank balances
No Cash is or was held by the charity. The bank balance, whether in cr￿lIt or overdrawn, is shown at
the amoun1$ properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustee5 in furtherance of the general
objectives of the charity.
There are no designated funds.
There are no restricted funds.
2 Liability to taxation
The Trustees consider that Ihe charity sa115fi8s the lesls set out in Paragraph 1 Schedule 6 of the
Finance Act 2010 for UK corporation tax purposes. Accordingly. the Charity is potentially exempt from
18xalion in respect of income or capital gains feceived within ¢ategories covered by chapter 3 part 11
of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the
extent that such income or gains are applied exclusively on the specific charitsble objects of the
charity and for no other purpose. Value Added Tax is not recoverable by the charity. and is therefore
included in the relevant costs in the Statement of Financial Activrties.
3 Wlndlng up or dl$8olution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all
debts and liabilities. the assets represented by the accumulated fund shall be transferred lo some
other charitable body or bodies having Similar objects to the charrty.
4 Slgnifi¢ance of financial In8trumonts to th¢ charity's position
The￿ are no significant implications of finanoal instruments lo the charitys financial F)osibon or
perfomiance.
6 Investmgnt gains
Current yoar Curront year Current year PrSor Y•ar
Unr•strlct•d R￿trIct•d Total Funds
Totsl
Funds
Funds
Funds
2024
2024
2023
2024
Unrealised ￿InS /(lossu) and writing down of canylng valu•s
Llsted Inveslmonts - Un￿alised
164.070
184.070
1276,3371
Total unreallsed galnsl{108$0$1 otc
164 070
276.337
Total roall$od and unl￿11$ed galns
164.070
276,337
21

The Robert Clutterbuck Charitsble Trust
Notes to the Accounts for the year ended 5 April 2024
6 Remuneration and payments to Trustees and persons connected with them
No trustees or persons eonnected with them received any remuneration from the charty. or any
related entity.
7 Trnstees. expgn398
The expenses reimbursed to trustees. or paid directly to third parties, in the ujrrent or prior year. was
as shown below.
2024
2023
The 8mounl relmbyrsed to Irusloes
570
322
The nature of the trustees, expenses was travel.
The number of truslees, lo whom expenses were reimbursed was 2.
8 Investments hèld a8 fix&d a880ts
Inve$lm•nts
in
8ub8ldlarfe8
Llstad
Investm•nts
Other
Class8$ of Total
Inv•8tm•nt
Carrylng valum of inv•Jtments
At 6 April 2023
Additions
Revalu8lion al 5 April 2024
DIsk)osals
2.108,434
330,337
164,070
1310,2261
2,108,434
330,337
164,070
1310,2281
At 5 Aprll 2024
2 292615
2 29261J
Analy•l• b•tw￿n falr valu• and hl•torlcal cost
Investments as 8bove held al fair value
2292615
2 292,615
9 Debtor8
2024
2023
Prepayments and accrued income
10 Inveslments hgld as current assets at market value at 5 April 2024
2024
2023
Other inveslmerits
S.676
66,211
11 Groditors: amounts falling due within one year
2024
2023
Aeeruals
22

The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2024
12 Incomè and Expenditure a¢¢ount summary
2024
2023
At 6 Apfll 2023
Loss after tsx for the year
2,441,229 2,462,216
{31,1191
{20.9871
At S April 2024
2,410.110 2.441.229
13 Particulars of how partlcular funds are representsd by assets and Ilabilitie8
At 6 April 2024
Unrestrictsd DeslgThatgd R•8trl¢ted
funds
fund8
furtds
Total
FundB
Investments al valualion:_
Fixed asset investments
Current Assets
Current Liabilities
2.292.615
11.423
16.1951
2.292.615
11.423
{6,195)
2 297 843
2 297 843
At e Aprll 2023
UnroStrfct8d D•slgnatsd Restrictsd
funds
funds
lund•
Total
Fund
Inve51menls al valuation.'_
Fixed assel inv8slmenls
Current Assets
Current Llablllties
2.108,434
81,653
125,195
2,108,434
81,663
126,1961
2 164 892
2.164,892
14 Change In totsl funds over the year as shown ID Note 13 . analy8ad by Individual funds
Funds
brought
forward from
2023
Mov8ment
In funds Sn
2024
Translor•
b•twg0
fund8 Sn
2024
So• Not• 15 $* Nots O
Fund8
carri•d
forward to
2026
Unr•8tricted and deslgn•t¢d fvnds...
Unrestricted Rèvenue Funds
2 164892
132,951
Total unrèstrletad and d•¥ignatsd funds
2.164.892
132 961
2 297 843
Total charlty fund$
2.164.892
132 951
16 Analysis of mov8ments In funds ovgr the year as shown in Nots 14
Ot￿r
Galns &
L055es
2024
Income
Expgndlturo
Mov•ment
in fund$
2024
2024
2024
Unrestrlcted and dosignotedfunds...
Unrestrictèd Revenue Funds
51,217
82,336
132951
Gains and losses are detailed in note 5.
23

The Robert Clutterbuck Charitable Trust
Note5 to the Accounts for the year ended 5 April 2024
16 The purposes for which the funds as dgtailgd in notè 14 are held by the charity are:.
Unrestrictedand designated
funds.".
These funds are held for the meeting the objectives of the
charity, and to provide reserves for future activities, and , subject
to charity legislation, a￿ free from all ￿$t￿ellOnS on their use.
Unrestricted Revenue Funds
17 Uttimate controlling party
The charity is under the ¢ontrol of its Trustees.
Every Trustee of the charity has unlimited joint and several liability for the debts of the charity.
24

The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2024 as required by the SORP
2015
This analysis is classified by conventional nominal descriptions and not by actlvity.
18 Investment income
Current year
Unrestrlcted
Funds
2024
Current year
Restrfcted
Funds
2024
Current year
Total Funds
Prioryear
Total Fund3
2024
2023
Dividend Income
Bank Inlerest Receivable
Non Bank interest receivable
37,775
27
13,415
37.775
27
13,415
42,761
74
9,124
Total Inveslment Income
51.217
51.959
19 Expendituro on charitabla activities- Grant funding of actSvitio8
Current yoar
Unrestrtcted
Funds
2024
Current year
Restrlctod
Funds
2024
Current year
Total Funds
Prior Year
Total Funds
2024
2023
Grants made to organisations
55,263
55,263
45,400
Total grant maklng costs
B2c
55,263
55,263
45,400
Breakdown of Grants made to organlsations
Current year
Unrestrlcted
Funds
2024
Current year
Restrlcted
Funds
2024
Current year
Totsl Funds
Prlor Year
Total Funds
2024
2023
Barber Company
Founders Company
1st Croft Guloes Vvamnglon
1st Stretford Scout Group
ceta￿an Research and Rescue
Chester Scouts Jamboree Fund
CPRE Cheshire
Crewe Rotary Club
Demantia Together Wirrel
Emmaus St Albans
East Cheshire Hospice
Friends for Leisure
Greyhound Rescue
Henshaws
Hinxworth ParTrsh Council
Home Start Hertfordshire
Horse Sense Wirral
2,500
2,500
2,000
1,000
1,000
1.500
1.000
1.000
2.000
1,000
2,880
1,700
1,000
1,303
1,000
1,000
1,000
2,500
2,500
2,000
1,000
1,000
1,500
1,000
1,000
1.000
2,880
1.700
1,000
1,303
1,000
1,000
1,000
25

The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2024 as required by the SORP
2015
Hospice of St Francis
Joss Searchlight
Jubilee Sailing Trust
Lake District Foundation
Leicester Sea Cadels
Live!
Lytham St Anne's Sea Cadets
MedEquip4KIDS
Molhenuell Cheshire
Neuro Therapy Centre
North West Pre-Hospital Critical care
Charity
Pegusas Riding for the Disabled
Plafform for Life
Southem Thailand Elephant Foundation
st Benedict's Catholic Primary School
Handford
Stokenthurth Dog Rescue
suso
Toft Crickel Club
Transition Wilmslow
1,500
1,000
1,500
1,000
1,500
1.000
1.500
1,500
1,000
1,500
1.500
1,000
1.500
1,000
1,500
1,000
1,500
1,500
1.000
1.500
1.500
1,500
2,880
1,000
1,000
2,880
1,000
1,000
1,000
1,000
2,000
1.000
1,000
1,000
2,000
1,000
1,000
1,000
Wheathampstead Chapel Community Hub
Wingatre Special Children's Centre
Woodwork lo Wellness
Barn Owl Trust
Bren Project
Bristol Avon River Trust
British Forces Foundation
Brogdale Collections
Burma Star Memorial Fund
Carer Support Wiltshire
Chapter West Cheshire
CHIPS
Crackerjacks Children's Trust
Culchelh Methodist Church
Disabled Sailors Association
Dyspraxia Foundation
Easi & North Hertfordshlre Hosplla15
Charity
Felix Fund
Go Kids Go
Isabel Hospice
Idlewild Animal Sanctuary
Little Ouse Headwaters Project
Marine Conservation Society
Moorland Mousie Trust
Mounl Pleasant Village Hall
Muscle Help Foundation
Prevent 2 Prolect
Rainforest Concern
Space4autism
stick n Step
1,000
1,500
2,000
1,000
1,500
2,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1.500
2,000
1,000
2,500
1,000
1,000
2,700
1.000
2,000
1.000
1,000
1,500
1,000
1,000
1,000
1,500
1.200
26

The Robert Clutterbuck Charitsble Trust
Detailed analysis of income and expenditure for the year ended 5 April 2024 as required by the SORP
2015
streefvet
Time Out Group
Veterans Outdoors
Welcome to Our Future
Wewn Haffield Women's Refuge
Whizz-Kidz
Wirral Bam Owl Trust
2,000
1,000
1,000
1,500
1.000
1,000
1,500
55.263
45,400
As set out in the grant making policies section of the Trustees Annual Report, grants have all been made to
Institutions not individuals. Each grant related to a specific project or item of equipment and were to charities
that'.-
a) in support of personnel within the Armed Forces and Ex-service men and women;
b) in support of sport and recreational facilities for young people giving priority to Cheshire and
Hertfordshire.,
c) dealing with the welfare. protection and preservation of domestic animal life giving priority to Cheshire and
Hertfordshire.,
d} dealing with natural history and wildlife in the British Isles giving priority to Cheshire and Hertfordshire.,
e) that are particularly associated with the founder, Major Robert Clutterbuck (deceased)
20 Support costs for charitable activities
Current year
Unrestricted
Fund8
2024
Current year
Restricted
Funds
2024
Current year
Total Funds
prtor Year
Totsl Funds
2024
2023
Administrative overheads
Administrative fees
4.000
4,000
4,C￿0
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than examination or
audit fees
1.695
1,695
1,695
Financial costs
Bank charges
60
72
Support costs before reallocatlon
5.755
5.755
5.767
Less support costs reallocated to specific activities
To non-charitable costs
(5,710)
(5,710
(6,0941
Total support costs
45
327
The basis of allocation of costs between activities is described under accounting policies
27

The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for tho yoar ended 5 April 2024 as required by the SORP
2015
21 Other Expenditur• - Governance costs
Current year
Unrestricted
Funds
2024
CuThent year
Restricted
Funds
2024
Current year
Total Funds
Prior Year
Total Funds
2024
2023
Independent Examiners fees
Trustees, expenses
1.000
495
1.000
495
1,000
570
Total Governance costs
1,495
1.495
1,570
22 Total Charitable expenditure
Current year
Unrestricted
Funds
2024
Current yèar
Restricted
Funds
2024
Current year
Total Funds
Prfor Year
Total Funds
2024
2023
Total grant making costs
Total support costs
Total Govemance costs
B2c
B2d
B2e
55,263
45
1,495
55,263
45
1,495
45,400
(3271
1,570
Total charftsble expenditurn
B2
56,803
56,803
46,643
23 Expenditure on ralslng funds and costs of investment management
Current year
Unrestrlcted
Funds
2024
Current year
Restrlcted
Funds
2024
Curront year
Total Funds
Prlor Year
Totsl Funds
2024
2023
Investment managemenl costs
19,823
19.823
20,209
Totsl fundralslng costs
B1
19,823
19,823
24 Other trading expenditure unrelatod to fundraising or charitable activities
Current year
Unrestricted
Funds
2024
Current year
Restricted
Funds
2024
Current year
Prior Year
Totsl Fund8 Total Funds
2024
2023
Reallocated from support costs
5,710
5,710
6,094
Non charity expenditure
B3
5.710
5,710
6,094
28