The Charity Registration Number is :- 1010559
The Robert Clutterbuck Charitable Trust
Report and Accounts
5 April 2025
The Robert Clutterbuck Charitable Trust
Report and accounts for the year ended 5 April 2025
Contents
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|---|---|---|---|---|---|---|
|Page|
|Charity information|1|
|Trustees' Annual|Report|1|
|Statement|of directors'|responsibilities|10|
|Independent Accountant's|Report|12|
|Funds|Statements:-|
|Statement of Financial|Activities|15|
|Statement|of total|recognised|gains|and|losses|16|
|Fixed Asset funds|17|
|Movements|in funds|17|
|Income and|Expenditure|account|18|
|Balance sheet|19|
|Notes to the accounts|20|
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The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
The Trustees present their Report and Accounts for the year ended 5 April 2025.
Reference and administrative details
The charity name.
The legal name of the charity is:- The Robert Clutterbuck Charitable Trust
The charity's areas of operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1010559
Legal structure of the charity
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 principal operating address, telephone number, email and web addresses of the charity are:-
28 Brookfields
Calver, Hope Valley Derbyshire, S32 3XB Telephone 01433 631308 Email Address secretary@clutterbucktrust.org.uk Web address www.clutterbucktrust.org.uk
The Trustees in office on the date the report was approved were:-
Mr | A Pearson Mrs L F Pitman Mrs T Lydekker
The trustees who served asa 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.
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The Robert Clutterbuck Charitable Trust Trustees' Annual Report for the year ended 5 April 2025
Objects and activities of the charity
The purposes 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 twice 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 always 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.
2
The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
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 forward 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:-
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current and past service personnel and their families.
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several village activities and other projects within Cheshire and Hertfordshire.
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wildlife and conservation projects throughout the United Kingdom.
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domestic and other animal charities.
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recreation facilities for the young and disabled.
As at 5 April 2025 there are two grants that had been approved but not paid. Since the year end, one registered charity "Care for Veterans" has been paid the agreed grant of £2,000. The second registered charity "Police Community Clubs of Great Britain" who have been awarded a grant of £1,500 have yet to provide details to enable a bank transfer and remains outstanding.
The Barbers Company bursary of £2,500 has been withheld until the acknowledgement condition attached to the bursary is fulfilled.
A full list of the grants paid over the last two years is shown in note 19 on pages 26 to 28 of the accounts.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
3
The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
Grant making 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 previously 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 will not normally consider appeals from charities within two years of a previous grant being approved.
Grants are awarded to charities:-
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; Cc) dealing with the welfare, protection and preservation of domestic animal life giving priority to Cheshire and Hertfordshire;
d) dealing with natural history and wildlife;
e) in support of hospices, churches, schools, health and social welfare charities associated with the counties of Cheshire and Hertfordshire;
f) that are particularly associated with the founder, Major Robert Clutterbuck (deceased).
4
The Robert Clutterbuck Charitable Trust Trustees’ Annual Report for the year ended 5 April 2025
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 two 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 wasa liveryman of the Worshipful Company of Barbers. It assists the medical training of a student through the Worshipful Company of Barbers charities. The trustees feel strongly that the award of the bursary should be acknowledged by the student receiving it. This is now a condition of the bursary. The 2025 payment is being withheld until the acknowledgement condition has been fulfilled.
The difference the charity's performance 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 2025 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 capital 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 22 August 2025 the total portfolio value is £2,417,202.
5
The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
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 Investment advisors J M Finn & Co Ltd, 25 Copthall Avenue, London EC2R 7AH Accountants Hamilton Burt, 47 Holly Hill, Bassett, Southampton SO16 7ES
Financial review
The charity's financial position at the end of the year ended 5 April 2025
The financial position of the charity at 5 April 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Net(expenditure)/income | (163,852) | 132,951 |
| Unrestricted Revenue Funds available | ||
| forthe general purposesofthecharity | 2/133 291 | 2,297,843 |
| TotalFunds | 2,133,991 | 2,297,843 |
6
The Robert Clutterbuck Charitable Trust Trustees’ Annual Report for the year ended 5 April 2025
Financial review of the position at the reporting date, 5 April 2025 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
The financial statements are set out in pages 15 to 30. 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 Statement of Financial Activities show revenue income less all costs for the year resulting in net outgoing resources (loss) of £35,075 (prior year net outgoing resources (loss) of £31,119) as shown on page 18 and a decrease in capital resources of £128,777 (prior year increase in capital resources of £164,070), making a net overall decrease (loss) in resources of £163,852 (prior year net overall increase (profit) of £132,951) as shown on page 16. The total reserves at the year end after accounting for unrealised gains stand at £2,133,991 (prior year £2,297,843) as shown on page 15.
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 2024.
Policies on reserves.
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:-
a) 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 reserves of £2,133,991 as at 5 April 2025. This is a decrease on the previous year of £163,852.
7
The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
Going Concern
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 performance and the financial position.
The global uncertainty has caused the Trust's capital 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 managea diversified portfolio of suitable investments on a discretionary basis. In the context of the J M Finn & Co Ltd Client Understanding Note the trustees have selected a balance investment objective with medium risk. No restrictions 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 behaif of the trust.
8
The Robert Clutterbuck Charitable Trust
Trustees’ Annual Report for the year ended 5 April 2025
The major risks to which the Charity is exposed and reviews and systems to mitigate them.
The future performance of investments is hard to predict in an unusually volatile global market. The asset base of the Trust does depend on the performance 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.
This year the trustees have started the process of reviewing all policies and procedures of the trust to ensure that they are formalised in writing. Where necessary policies have been added and/or updated. The trustees believe that this process has assisted in sharpening their focus on the managerial mechanics of the trust and improved their understanding of the trust as a whole. The policies and procedures will be reviewed on an ongoing basis to ensure that they continue to reflect current best practice.
Details of The Independent Examiner
W AH Burt
Member of Association of Taxation Technicians 47 Holly Hill Bassett Southampton Hampshire $016 7ES
9
The Robert Clutterbuck Charitable Trust Trustees’ Annual Report for the year ended 5 April 2025
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 statutory financialregulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the 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 statements 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 to :-
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prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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- Select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriat: to presume that the charity will continue in business;
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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.
10
The Robert Clutterbuck Charitable Trust Trustees’ Annual Report for the year ended 5 April 2025
The Trustees are also responsible for the contents of the Trustees’ report, and the limitedStatutoryresponsibility of the independent Examinerin relation to the Trustees’ report is to examining the report and: ensuring that, on the face of the réport, there are no material inconsistencieswith the figures disclosed in the financial staternents.
This report was approved by the board of trustees on 9 September 2025.
1A PEARSON
14
The Robert Clutterbuck Charitable Trust
Report and accounts for the year ended 5 April 2025
Contents
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|---|---|---|---|---|---|---|---|
|Page|
|Charity|information|1|
|Trustees’ Annual|Report|1|
|Statement of directors'|responsibilities|10|
|Independent Accountant's|Report|12|
|Funds|Statements:-|
|Statement|of|Financial|Activities|15|
|Statement|of|total|recognised|gains|and|losses|16|
|Fixed|Asset funds|17|
|Movements|in|funds|17|
|Income|and|Expenditure|account|18|
|Balance sheet|19|
|Notes|to the accounts|20|
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The Robert Clutterbuck Charitable Trust - Statement of Financial Activities for the year ended 5 April 2025
Statement of Financial Activities for the year ended 5 April 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Notes|SORP|Currentyear|Currentyear|Current year|Prior Year|
|Ref|Unrestricted|Restricted|TotalFunds|—‘Total Funds|
|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Income|&|Endowments|from:|
|Investments|18|A4|56,246|-|56,246|51,217|
|Expenditure|on:|
|Raising|funds|23|~«2=B1|20,956|-|20,956|19,823|
|Charitable|activities|22|B2|64,610|-|64,610|56,758|
|Other|20|B3|5,755|-|5,755|5,755|
|Total|expenditure|B|91,321|-|91,321|82,336|
|Net|gains|on|investments|B4|(128,777)|-|(128,777)|164,070|
|Net (expenditure)/income|for the year|(163,852)|—|(163,852)|132,951|
|Net income after transfers|A-B-C|(163,852)|-|(163,852)|132,951|
|Net movement|in funds|(163,852)|-|(163,852)|132,951|
|Reconciliation|of funds:-|E|
|Total|funds|brought forward|2,297,843|-|2,297,843|2,164,892|
|Total funds|carried forward|2,133,991|-|:|2,133,991|2,297,843|
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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 20 to 30 form an integral part of these accounts.
19
The Robert Clutterbuck Charitable Trust - Statement of Financial Activities for the year ended 5 April 2025
Statement of Total Recognised Gains and Losses for the year ended 5 April 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Deficit|for the year|:-|
|Net excess|of income over expenditure from|operations|before tax|(35,075)|(31,119)|
|Income from|operations before tax in the Statement of|Financial Activities|(35,075)|(31,119)|
|Add/(deduct)|non|income and expenditure|items:-|
|Unrealised|(losses)/gains|on|investments|(128,777)|164,070|
|Net Movement|in|funds|before|taxation|(163,852)|132,951|
|Funds|generated|in the year as shown on Statement of Financial Activities|(163,852)|132,951|
|The|notes|attached|on|pages 20 to|30 form an|integral|part of these accounts.|
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16
The Robert Clutterbuck Charitable Trust - Statement of Financial Activities for the year ended 5 April 2025
The Robert Clutterbuck Charitable Trust - Resources applied in the year ended 5 April 2025 towards fixed assets for Charity use:-
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Funds|generated|in the year as|detailed|in the SOFA|(163,852)|132,951|
|Net|resources|available to fund|charitable|activities|(163,852)|132,951|
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Movements in revenue and capital funds for the year ended 5 April 2025
Revenue accumulated funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Last year|
|Funds|Funds|Funds|Total|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Accumulated|funds|brought|forward|2,297,843|-|2,297,843|2,164,892|
|Recognised gains and|losses before transfers|(163,852)|:|(163,852)|132,951|
|2,133,991|-|2,133,991|2,297|843|
|Closing|revenue funds|2,133,991|-.| 2,133,991|2,297|843|
|Summary of|funds|Unrestricted|Restricted|Total|Last Year|
|and|Funds|Funds|Total|Funds|
|Designated|funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Revenue|accumulated|funds|2,133,991|7|2,133,991|2,297,843|
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The notes attached on pages 20 to 30 form an integral part of these accounts.
17
The Robert Clutterbuck Charitable Trust - Statement of Financial Activities for the year ended 5 April 2025
The Robert Clutterbuck Charitable Trust
Income and Expenditure Account for the year ended 5 April 2025 as required by the Companies Act 2006
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Income|
|Investment|income|
|Income from|investments,|other than|interest|receivable|36,870|37,775|
|Interest|receivable|19,376|13,442|
|Gross|income|in the year before exceptional|items|56,246|51,217|
|Gross|income|in the year including|exceptional|items|56,246|51,217|
|Expenditure|
|Charitable|expenditure,|excluding|depreciation|and|amortisation|62,900|55,263|
|Fundraising|costs|20,956|19,823|
|Governance|costs|1,710|1,495|
|Other expenditure|5,755|5,755|
|Realised|losses|on|disposals|of social|investments|which|are programme|related|
|Total|expenditure|in the year|91,321|82,336|
|Net income|before tax|in the financial|year|(35,075)|(31,119)|
|Tax on|surplus|on|ordinary|activities|-|-|
|Net income after tax|in the financial year|(35,075)|(34,119)|
|Retained surplus for the financial year|(35,075)|(31,119)|
|All|activities|derive from|continuing|operations|
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The notes attached on pages 20 to 30 form an integral part of these accounts.
18
The Robert Clutterbuck Charitable Trust - Balarice Sheet as at 5 April 2025
.
.
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|SORP|
|‘Note|Ref|2025|2024.|
|Fixed|£|£E|
|assets|A|
|investnents held as fixed assets|8|A4|2,127,976|2,292,615|
|Current assets|B|
|;|
|CashInvestments held|as currentassets|40|BS|1,464|5,576.|
|atbank and inhand|B4|9.544|5,847|
|Total-current|assets|46,708|~|4Aa3™|
|Creditors:within. one year ariounts falling due|11aC4|{10,695a|}|(6,195).|
|Net|current assets|6,013|3.228|
|The total|net|assets|of the charity|sy|pcmcia|arpa|
|2,133,991|2297,843|
|The.|total netassets of|the charityare|funded|by the funds ofthe charity, as follows:-|
|‘Restricted-funds.|
|Unrestricted Funds|
|‘Unrestricted Revenue Funds.|14|D3|2,133,991|2,297 843|
|Designated Funds|
|formal:The "SORP Ref indicated aboveis the classification of|Balance Sheetitems as. set|out|in the|
|“and|SORP documents. As required by|paragraph|4.60 of|the:SORP,|the brought|forward|
|carried forward funds above have|beenagreedto theSOFA..|
|'|The|Trustees acknowledge|theirresponsibilitiesfor|complyingwith|the requirements. ot|
|tharity|legislation with respect to-accotinting fecords and the|preparation of accoutits.|
|The charity is Subject to Independent Examination undef|charity|legislation, and the report.of|
|the Independent|Examiner|is on page 14,|
|The|Trustees are|satisfied that, although|the charity is not registered under the. Companies:|
|_|Acts,|if it|Were 80 registered,|if|would|be eligible|to|prepare accounts in|accordance with the|
|-|Provisions in|Part|15 of|the|Companies Act|2006. applicable to|‘companies subject to the|small|
|companies regime.|
|||JAPEARSON|MRSLE PITMAN|MRS|T LYDEKKER|
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Approved by the board of tnistees on 9 September 2025
The notes attached on Pages 20 to 30 form an integral part of these accounts.
49
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025
- 1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective ist January 2016) and '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), effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with 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 preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Risks and future assumptions
The charity is a public benefit entity.
The trustees have reviewed the governance, operational, financial, external 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 operation of the Trust is the fluctuation in investments. To mitigate the risk, the Trust has instructed in writing J M Finn & Co Ltd to manage the portfolio on their behalf in line with their investment policy. The investment advisers attend the trustees' meetings, which occur twice a year, to review the investment portfolio and make any future investments as agreed and approved by the trustees.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value of dividends and interest from investments held.
Categories of Income
income is categorised as income from investment income and other income.
Income recognition
Income is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
20
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025 Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised 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, including performance 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 provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at 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, are included in row B4 of the Statement of Financial Activities.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Current asset investments
Current asset investments are shown at the amounts properly reconciled to the stockbroker's statemenis.
Creditors and provisions
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 occurrence of one or more uncertain future events not wholly within the trustees' control. Provisions are recognised for those grants where there is uncertainty as to the timing and amount, and any uncertainty regarding the amount is more than one of determining a basis for reasonable estimation of the liability arising from that constructive obligation.
21
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025
Cash and bank balances
No cash is or was held by the charity. The bank balance, whether in credit or overdrawn, is shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees 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 the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories 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 charitable 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 Activities.
3 Winding up or dissolution 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 to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
There are no significant implications of financial instruments to the charity's financial position or performance.
5 Investment gains
| Investment gainsgains | ||||
|---|---|---|---|---|
| Currentyear | Currentyear | Currentyear | PriorYear | |
| Unrestricted | Restricted | Total Funds | Total | |
| Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Unrealisedgains(losses) andwritingdown ofcarryingvalues | ||||
| Listed investments - Unrealised | (128,777) | - | (128,777) | 164,070 |
| Total unrealised gains/(losses) etc | (128,777) | - | (128,777) | 164,070 |
| Totalrealisedandunrealisedgains | (128,777) | - | (128,777) | 164,070 |
22
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025
6 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
| 7 | Trustees’ expenses | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Theexpenses reimbursed totrustees, or paid directly to | third parties, | in | the currentor prioryear, | year, | was | |||||
| as shown below. | ||||||||||
| 2025 | 2024 | |||||||||
| £ | £ | |||||||||
| The amount reimbursed to trustees | 570 | 322 | ||||||||
| The nature ofthe trustees' expenseswas travel. | ||||||||||
| The numberoftrustees' towhom expenses were reimbursedwas 2. | ||||||||||
| 8 | Investments held as fixed assets | |||||||||
| Investments P in subsidiaries |
F Listed hivastivenie 2 |
Other Classes of Investment |
Total | |||||||
| £ | £ | £ | £ | |||||||
| Carrying values ofinvestments | ||||||||||
| At 6 April 2024 Additions |
- - |
2,292,615 183,063 |
- - |
2,292,615 183,063 |
||||||
| Revaluation at5 April 2025 Disposals |
- - |
(128,777) (218,923) |
- - |
(128,777) (218,923) |
||||||
| At 5April 2025 | - | 2,127,978 | - | _2,127,978 | ||||||
| Analysis between fairvalue and historical cost | ||||||||||
| Investments as above held atfairvalue | -___ | 2,127,978 | -_ | _2,127,978 | ||||||
| 9 | Debtors | |||||||||
| 2025 | 2024 | |||||||||
| £ | £ | |||||||||
| Prepayments and accrued income | - | - | ||||||||
| 10 | Investments held as currentassets atmarketvalue at5April | April 2025 | ||||||||
| 2025 | 2024 | |||||||||
| . | £ | £ | ||||||||
| Otherinvestments | 7,164 | 5,576 | ||||||||
| 11 | Creditors: amounts falling duewithin oneyear | |||||||||
| 2025 | 2024 | |||||||||
| £ | £ | |||||||||
| Accruals | 4,695 | 4,695 |
- 8 Investments held as fixed assets
23
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025 12 Income and Expenditure account summary
| Income and Expenditure account summaryaccount summarysummary | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| At6 April 2024 | 2,133,773 | 2,164,892 |
| Loss aftertaxfortheyear | (35,075) | (31,119) |
| At5April2025 | 2,098,698 | 2,133,773 |
13 Particulars of how particular funds are represented by assets and liabilities
| At5April2025 | Unrestricted | Designated | Restricted | Restricted | Total |
|---|---|---|---|---|---|
| funds | funds | funds | Funds | ||
| £ | £ | £ | £ | ||
| Investments at valuation:- | |||||
| Fixedasset investments | 2,127,978 | - | - | 2,127,978 | |
| CurrentAssets | 16,708 | - | 16,708 | ||
| Current Liabilities | (10,695) | - | - | (10,695) | |
| 2,133,991 | - | - | 2,133,991 | ||
| At 6April 2024 | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | Funds | ||
| Investments at valuation:- | —E | £ | £ | £ | |
| Fixed asset investments | 2,292,615 | - | - | 2,292,615 | |
| CurrentAssets | 11,423 | - | - | 11,423 | |
| Current Liabilities | (6,195) | - | - | (6,195) | |
| 2,297,843 | - | - | 2,297,843 | ||
| Change in totalfunds overtheyearasshown in Note 13 ,analysed by individualfunds | |||||
| Funds | Movement | Transfers | Funds | ||
| brought forwardfrom |
infundsin 2025 |
—_between funds in |
carried forward to |
||
| 2024 | 2025 | 2026 | |||
| See Note 15 | See Note 0 | ||||
| £ | £ | £ | £ | ||
| Unrestrictedanddesignatedfunds:- | |||||
| Unrestricted Revenue Funds | 2,297,843 | (163,852) | - _2,133,991 | ||
| Total unrestrictedanddesignated funds | 2,297,843 | (163,852) | -_ _ 2,133,991 | ||
| Total charityfunds | 2,297,843 | (163,852) | - _2,133,991 | ||
| Analysis ofmovements infunds overtheyearasshown in Note 14 | |||||
| Other | |||||
| Income | Expenditure | Gains& | Movement | ||
| Losses | in funds | ||||
| 2025 | 2025 | 2025 | 2025 | ||
| £ | £ | £ | Ez | ||
| Unrestrictedanddesignatedfunds:- | |||||
| Unrestricted RevenueFunds | 56,246 | (91,321) | (128,777) _(163,852) | (163,852) | |
| Gainsandlossesaredetailedinnote5. |
14 Change in total funds over the year as shown in Note 13 , analysed by individual funds
15 Analysis of movements in funds over the year as shown in Note 14
24
The Robert Clutterbuck Charitable Trust
Notes to the Accounts for the year ended 5 April 2025
16 The purposes for which the funds as detailed in note 14 are held by the charity are:-
Unrestricted and designated
funds:-
Unrestricted Revenue 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, are free from all restrictions on their use.
17 Ultimate controlling party
The charity is under the control of its Trustees.
Every Trustee of the charity has unlimited joint and several liability for the debts of the charity.
25
The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2025 as required by the SORP 2015
This analysis is classified by conventional nominal descriptions and not by activity.
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|18|Investment|income|
|SORP|=_ Current year|Current year|Current year|Prior Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Ref|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Dividend|Income|36,870|-|36,870|37,775|
|Bank|Interest|Receivable|422|-|422|27|
|Non|Bank|interest|receivable|18,954|-|18,954|13,415|
|Total investment income|A4|56,246|:|:|56,246|51,217|
|19|Expenditure|on|charitable|activities- Grant funding Grant funding funding|of activities activities|
|SORP|Current year|Current year|Current year|Prior Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Ref|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Grants|made|to|organisations|62,900|-|62,900|55,263|
|Total grant making|costs|B2c|62,900|.|62,900|§5,263|
|Breakdown|of Grants made to|organisations|
|Current year|Current year|Current year|Prior Year|
|Unrestricted|Restricted|Total Funds|Total Funds|
|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Barber Company|2,500|-|2,500|2,500|
|Founders Company|2,500|-|2,500|2,500|
|Armed|Forces|Equine|Charity|1,000|-|1,000|-|
|Ashton|Hayes|Sports and|Recreation|1,000|-|1,000|-|
|Avid's Angels|Cat Rescue|1,000|-|1,000|-|
|Barn|Owl|Trust|1,500|-|4,500|-|
|Bishop's|Stortford|Youth|Project|1,500|-|1,500|-|
|British Wireless|for the|Blind|1,500|-|1,500|-|
|Care|for Veterans|2,000|-|2,000|-|
|Chester Scouts Jamboree|1,000|-|1,000|-|
|Cheshire|Search|and|Rescue|1,000|-|1,000|-|
|Children|Today|4,000|-|1,000|-|
|Clean|Rivers Trust|1,000|-|4,000|-|
|Dig|In|2,000|-|2,000|-|
|Dog Assistance|in|Disability|1,600|-|1,600|-|
|England Amputee|Football Association|1,000|~|1,000|-|
|Erskine|1,000|-|1,000|-|
|European|Squirrell|Initiative|2,000|-|2,000|-|
|HACK Horse|Sanctuary|1,500|-|1,500|-|
----- End of picture text -----
19 Expenditure on charitable activities- Grant funding Grant funding funding of activities activities
26
The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2025 as required by the SORP 2015
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Happy Days|1,500|-|1,500|-|
|Headway|Hertfordshire|1,000|-|1,000|-|
|Healing|Horse|Sanctuary|2,000|-|2,000|-|
|Hero|Paws|1,000|-|1,000|-|
|JohnTrust Clements Sports and Community|4,000|7|1,000|7|
|Knepp|Wildlife Trust|1,000|-|1,000|-|
|Knutsford|Musical|Theatre|1,000|-|1,000|-|
|League|of Remembrance|1,000|-|1,000|-|
|Muscle|Help|Foundation|1,100|-|1,100|-|
|Passion|for|Learning|1,000|-|1,000|-|
|Pembrokeshire Coast|National|Park Trust|1,000|-|1,000|-|
|Police|Community|Clubs|of Great|Brtian|1,500|-|1,500|-|
|Rainforest Concern|1,000|-|1,000|-|
|Rennie|Grove Peace|Hospice Care|2,500|-|2,500|-|
|Rossendale|Trust|1,500|-|1,500|-|
|Royal|Hospital|Chelsea|1,000|-|1,000|-|
|Royal|Star and|Garter|5,000|-|5,000|-|
|RVC Animal|Care|Trust|1,000|-|1,000|-|
|Sandcastle|Trust|1,000|-|1,000|=|
|Staffordshire|Bull|Terrier Rescue|1,000|-|1,000|-|
|STUBS|1,000|-|1,000|-|
|Swan|Lifeline|1,000|-|1,000|-|
|The|Gifted|Organisation|1,000|-|1,000|-|
|Wiltshire|Search|and|rescue|2,000|-|2,000|-|
|Veterans with|Dogs|1,200|-|1,200|
|Youth|Talk|1,000|-|1,000|-|
|1st|Croft Guides Warrington|-|-|-|2,000|
|1st|Stretford|Scout Group|-|-|-|1,000|
|Cetacean|Research and|Rescue|-|-|-|1,000|
|Chester Scouts Jamboree|Fund|-|-|-|1,500|
|CPRE|Cheshire|-|-|-|1,000|
|Crewe|Rotary Club|-|-|-|1,000|
|Demantia Together Wirrel|-|=|~|2,000|
|Emmaus|St Albans|-|-|-|1,000|
|East Cheshire|Hospice|-|-|-|2,880|
|Friends|for Leisure|-|-|-|1,700|
|Greyhound|Rescue|-|-|-|1,000|
|Henshaws|-|-|-|1,303|
|Hinxworth|Parish|Council|-|-|-|1,000|
|Home|Start|Hertfordshire|-|-|-|1,000|
|Horse|Sense|Wirral|-|-|-|1,000|
|Hospice of St Francis|-|-|-|1,500|
|Joss|Searchlight|-|-|-|1,000|
|Jubilee|Sailing|Trust|-|-|-|1,500|
|Lake|District|Foundation|-|-|
|Leicester|-|1,000|
|Live!|Sea Cadets|-|-|-|1,500|
|Lytham|-|-|-|1,000|
|St Anne's Sea|Cadets|-|-|-|1,500|
|MedEquip4kKIDS|-|-|-|1,500|
|Motherwell|Cheshire|-|-|
|Neuro|-|1,000|
|North|WestTherapyPre-Hospital Centre|Critical|care|-|-|ra|1,500|
|Charity|-|-|.|1,500|
|Pegusas|Riding|for the|Disabled|-|-|=|2,880|
----- End of picture text -----
27
The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2025 as required by the SORP 2015
| Platform for Life Southern Thailand Elephant Foundation St Benedict's Catholic Primary School Handford |
- - 7 |
- - 7 |
- = . |
1,000 1,000 4.000 , |
|
|---|---|---|---|---|---|
| Stokenchurch Dog Rescue SUSO ToftCricketClub Transition Wilmslow Wheathampstead Chapel CommunityHub Wingate Special Children's Centre WoodworktoWellness |
- - = - - - - |
- - - - - - - |
- - - - - - - |
2,000 1,000 1,000 1,000 1,000 1,500 2,000 |
|
| 62,900 | -: | 62,900 | 55,263 |
As at 5 April 2025 there are two grants that had been approved but not paid. Since the year end, one registered charity "Care for Veterans" has been paid the agreed grant of £2,000. The second registered charity "Police Community Clubs of Great Britain" who have been awarded a grant of £1,500 have yet to provide details to enable a bank transfer and remains outstanding.
The bursary with the Worshipful Company of Barbers of £2,500 is being withheld until the acknowledgement condition has been fulfilled.
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;
e) in support of hospices, churches, schools, health and social welfare charities associated with the counties of Cheshire and Hertfordshire;
f) that are particularly associated with the founder, Major Robert Clutterbuck (deceased)
28
The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2025 as required by the SORP 2015
20 Support costs for charitable activities
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Current year|Currentyear|Currentyear|Prior Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Administrative|overheads|
|Administrative|fees|4,000|-|4,000|4,000|
|Professional fees paid to advisors|other than|the auditor or examiner|
|Accountancyfees|fees other than examination or audit|4,695|-|1,695|4,695|
|Financial|costs|
|Bank charges|60|-|60|60|
|Support costs|before|reallocation|5,755|-|5,755|5,755|
|Less support costs reallocated to specific|activities|
|To|non-charitable|costs|(5,755)|-|(5,755)|(5,755)|
|Total support costs|-|-|:|:|:|
----- End of picture text -----
The basis of allocation of costs between activities is described under accounting policies
21 Other Expenditure - Governance costs
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Current year|Current year|Currentyear|Prior Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Independent Examiner's fees|1,000|-|1,000|1,000|
|Trustees'|expenses|710|-|710|495|
|Total|Governance costs|1,710|-|:|1,710|1,495|
----- End of picture text -----
29
The Robert Clutterbuck Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2025 as required by the SORP 2015
22 Total Charitable expenditure
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|SORP|Current year|Current year|Current year|Prior Year|
|Ref|UnrestrictedFunds|RestrictedFunds|Total Funds|Total Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Total|grant making|costs|B2c|62,900|-|62,900|55,263|
|Total|support|costs|B2d|-|=|-|-|
|Total Governance|costs|B2e|1,710|-|1,710|1,495|
|Total|charitable|expenditure|B2|64,610|-|64,610|56,758|
|Expenditure on on|raising|funds and and|costs|of investment management investment management management|
|SORP|— Current year|Current year|Current year| Prior Year|
|Ref|UnrestrictedFunds|RestrictedFunds|Total Funds|Total Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Investment management costs|20,956|-|20,956|19,823|
|Total fundraising|costs|B1|20,956|-|20,956|19,823|
|Other trading trading|expenditure|unrelated|to fundraising fundraising|or charitable charitable|activities|
|SORP|Current year|Current year|Current year| Prior Year|
|Ref|UnrestrictedFunds|RestrictedFunds|Total Funds|Total Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Reallocated|from|support costs|5,755|-|5,755|5,755|
|Non|charity expenditure|B3b|5,755|-|5,755|5,755|
|Total|of other expenditure other expenditure expenditure|
|SORP|Current year|Current year|Current year|Prior Year|
|Ref|UnrestrictedFunds|RestrictedFunds|Total Funds|Total Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|Non|charity expenditure|5,755|-|5,755|5,755|
|Total other expenditure|B3|5,755|-|5,755|5,755|
----- End of picture text -----
23 Expenditure on on raising funds and and costs of investment management investment management management
24 Other trading trading expenditure unrelated to fundraising fundraising or charitable charitable activities
25 Total of other expenditure other expenditure expenditure
30
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 2025
| report to the Trustees on my examination of the financial statements of the charity on pages 15 to 30 for the year ended 5 April 2025 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective ist 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 (CCEWV) , and under the historical cost convention and the accounting policies set out on page 20.
Respective responsibilities of the Trustees and the Independent Examiner and the basis
As described on page 10, 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.
{2
The Robert Clutterbuck Charitable Trust
Basis of Independent Examiner's Statement and scope of work undertaken
| report in respect of my examination of the charity's financial statements carried out under $145 of the Act. In carrying out my examination, | 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, | do not express an audit opinion on the view given by the financial statements, and in particular, | 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.
| planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report | obtained written assurances from the Trustees of all material matters.
13
The Robert Clutterbuck Charitable Trust
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, |have completed my examination: and can confirm thatThis is a report in respect of an examination carried out under 145of the Act arid in Actaccordance with Directions givenby the Charity Commission under section 145(5)(b) of the 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 2008form and content of accounts sét outin the Charities (Accounts and Reports) Regulations otherthan any requirément that the aécounts give a ‘true and fair view, which is not a matter considered as part of ah independent examination: have not been prepared in accordance with the methods and principles set out inthe FRS 102 SORP (Statement of Recommended Practice forAccounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
| 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.
W A H Burt - Independent Examiner
Associationof Taxation Technicians
47 Holly Hill Bassett — Southampton Hampshire SO16 7ES
This report was signed on 16 September 2025
.
14