Charity number: 1153793 Clemens Reutter Memorial Trust Trustees, report and financial statsments For the yoar onded 30 May 2024
Clemens Reutter Memorial TNst Contents Page RefeTrn¢e and administrative detslls of the Charlty, its Trustees and advlser8 Trustees. report Independent examinerfs report Statement of finan¢lal actlvities Balance sheet Notes to the flnancial statements 8-12
Clemens Reutter Memorial Trust Reference and administrative details of the Charity, its Trustees and advisers For the year ended 30 May 2024 Trustees Arthur Scott Georg Reutter Rachel Reutter Charity registered number 1153793 Principal office 35 Onslow Gardens Flat 7 London SW7 3PY Accountants Kreston Reeves LLP Chartered Acuntants Second Floor Maritime Plac8 Quayside Chatham Maritime, Chatham Ken( ME4 4QZ Independent Examiner S Rouse FCCA DChA Kreston Reeves LLP Second Floor Marilime Place, Quayside Chatham Maritime Chatham ME44QZ Page 1
Clemen8 Reutter Memorlal Trust Tru8ts88' report For the year ended 30 May 2024 The Trust88s present their annual report together with the financial statements of the Charity for the period 31 May 2023 to 30 May 2024. Objectives and activities . Policies and objectives The Charitys objects are the prevention or relief of poverty, the relief of sickness and poor health and the relief of disability anhere in the world by providing grants, items and SeNiS to individuals in need through reason of financial hardship., physical. mental or emotional sickness or disability. youth or old age- or Gharities. or other organisations working to support groups of such individuals. In partiwlar by, bui not exclusively through, the provision of grants for holidays andlor respite Gare. In setting objectives and plannlng for adivities, the Trustees have given due ¢onsid8ration lo general guidance puL4ish8d by the Charity Commission relating to public benefflt, Including the guidance 'Public benefit.. running Charity (PB2)'. b. A¢tivftles undertaken to a¢hleve objectlvos During the period th8 Clemens Reutter Memorial Trust was at4e to Continue to support the Clemens Reutter Stiflung In Austria in its endeavours to provide access to the Mountsins to groups of young children from SOS Children's Villages by offering residential stays in its mountain hut. A report from the hut is available at http'.Ilwww.demensreutterstiftung.aVenlmountain-weeks. It is the Clemens Reutter Memorial Trusts obiedive to provide young children access to such experiences. The Clemens Revtter Memorial Trust intends to continue making grants in support of holiday weeks lor small family groups from SOS Children's Villages in Austria. It is our hope that this will inspire those children who have often come from unstable family backgrounds. SOS Children's Villages is an independent, non governmental intemational development organisation which has been working to meet the needs and protect the interests and rights of children since 1949. By giving children from SOS Children's Villages the ability to spend a week on holiday in the mountains. the Clemens R8utter Memorial Twst is achieving its charitable objectives. ¢. Grantrymaklng policies When undertaking grant-making decisions, the Trustees have taken a¢Unt of section 17(5) of the Chariti88 Act and the Charities {A¢unt and Reports) Regulat)n$ 2008. Page 2
Clemens Reutter Memorlal Trust Trustees. report (continued For the year ended 30 May 2024 Achlevements and perfomiance a. Review of activities Our grant supported and facilitated the Clemens Reutter Stiftung to be able to provlde several groups from SOS Children's Willage to spend a week's hollday In an Austrian mountain hut. The feedback from the ¢arers, both verbal and written was very posilive and some impressions are availab18 at www.clem8nsreuttersliftung.at . It is the intention of the Trustees to continu8 to support groups from SOS Children's Villages. Flnanclal revlew . Going ¢oncern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to Continue in operational existence for the foreseeable fuiure. For this reason, th8y continue to adopt the going conrn basis in preparing the financial statem8nts. Further details regarding the adoption of the going concem basis can be found in the accounting poliLxes. b. Reserves poli¢y The Trustees do not have a formal r8s8rves policy as the Charity has minimal running costs. Grants will be pald out as and when the Trustees believe the Chariiy has sufflclent fvnd in hand. c. Results in tho year In the year. the Charity received income of £42.244 {2023: £2,500), and incurred expendlture of £19,324 (2023: £18.375), consequenlly. in¢urrlng a surplus for the year of £22,920 {2023: deficii of £15,875). Structure, govemance and rnanagennt . Con8titutlon Clemens Reutter Memorial Trust was registered as a charty, number 1153793, on 12 September 2013 and is govemed by a Trust deed. dated 22 April 2013. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and CA)-OPted under th8 terms of the Trust deed. c. Rlsk managemènt The Twstees have assessed the major risks to which the Charity is exposed. and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Plan8 for future periods The Clemens Reutter Memorial Trust intends to continue making grants in support of holiday weeks for small famity groups from SOS Children's Villages, in Austria. P8ge 3
Clemens Reutter Memorial Trust Trustees. report Icontinued) For the year ended 30 May 2024 Statement of Trustees. spOnSIbIlItieS The Trustees are responsible for preparing the Trustees, report and the financial statements in a¢wrdance with applicable law and United Kingdom Accounling Standards (United lfjngdom Generally ACpted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial staternents for each financial vthich give a true and fair view of the state of affairs of the Charity and of ils income and application of resources, including its income and expenditure. for thal period. In preparing these financial statements, the Trustees are quId to: select Suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102)., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material deparbJr8s disclosed and explained in the financial statements., prepare th8 financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explaln the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charrties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Reutter Trustee Date. Iq l0Sl£oi Page 4
Clemens Reutter Memorial Trust Independent examlnerfs report For the year anded 30 May 2024 Independent examinerfs report to tho Trustses of Clemens Reutter Memorial Trust ('the Charity,) l POrt to the Charity Trustees on my examination of the accounts of the Charity for th8 year ended 30 May 2024. Responsibilities and basis of port As the Trustees of the Charity you are responsible for the preparation of the accounts In accordance with the requlrements of the Charities Act 2011 ('the 2011 Ad). I report in respect of my examination of the Charlty's accounts carried out under section 145 of the 2011 Ad and in carrying out my examination I have followed the applicable Directions giv8n by th8 Charity Commission under section 145{5}{b) of the 2011 Act Independent oxaminorfs statement Your attention is drawn to the fact that the Charily has prepared the accounts in accordance with Accounting and Reporting by Chariti8s'. Stat8ment of Recommended Practice applicable to charities preparing their acwunts In accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the exiant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effedive for reporting periods beginning on or after 1 January 2019. I have cornpleted my examination. I confirm that no matters have come to my attention in connection with th8 examination giving me cause to beli8Ve that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not a¢¢ord with those records: or the accounts do not comply with the appli¢able requirements conceming the fomi and ¢ontent of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no ¢oncerns and have come across no other matters in ¢onnedlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report 15 made solely to the Charitls Trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulalions 2008. My work has been undertaken so that I mlght state to the Chariiy's Trustees those matters l am requlred to state to them in an Independent examinels report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Truste8s as a body, for my work or for this pOrt. &gn8d: S Rouse A7n2.- Dated: 19 March 2025 FCCA DChA Kreston Roeves LLP Chartered Accountants Second Floor Maritime Place Quayside Chatham Maritime, Chatham Kent, ME4 4QZ Page 5
Clemens Reuttar Memorlal Trust Statement of flnanclal actlvltles For the year ended 30 May 2024 Unrestri¢ted funds 2024 Total funds 2024 Totsl funds 2023 Note Income from: Donations and legaci8s 42,244 42,244 2,500 Total income 42,244 42,244 2,500 Expendire on: Chariiable activities 19,324 19.324 18,375 Total expenditure 19,324 19.324 18,375 Net movement in funds 22,920 22,920 (15,875) Reconciliation of funds: Total funds brought fofward Net movement in funds 319.048 22,920 319,048 22.920 334.923 (15.875) Total funds Carrled forward 341,968 341.968 319,048 The Statement of financial activities indudes all gains and losses recognised in the year. The notes on pages 8 to 12 form part of these finanaal statements. Page 6
Clemens Reutter Memorial Trust Balance sheet As at 30 May 2024 2024 2023 Note Current assets Cash at bank and in hand 343,198 328,498 Crediiots: amounts falling due within one year 11.230) {9,450) Net eurrent assets 341,968 319,048 Total net assets 341,968 319,048 Charity funds Unrestrtcted fvnds 10 341,968 319,048 Totsl funds 341.968 319,048 The financial statements were approved and authorised for issue by the Tnjstees and signed on their behalf by: Reutter Trust88 Date. Kl031 loic The notes on pages 8 to 12 form part of these financial ststements. Page 7
Clemens Reutter Memorfal Trust Notes to the ftnan¢lal statements For the year ended 30 May 2024 Genèral Infornmtlon Clemens Reutter Memorial Trust (the Charity,) is an unincorporated charity. in England, with the charity registration number 1153793. Th8 address of the registered office is 35 Onslow Gardens, Flat 7, London, SW7 3PY. Ac¢ounllng poll¢ies 2.1 Basls of preparation of finan¢lal statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢counts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Iraland {FRS 102) (effective 1 January 2019). the Financial Reporting Stsndard appIlble In the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial stat8ments have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a Irue and fairf bryew. This departure has Involved following the Charities SORP (FRS 102) publish8d in October 2019 rather than the Accounting and Reporting by Charltles.. Statement of Recommended Practice effe¢tive from 1 April 2005 which has since been withdrawn. Clemens R8utt8r Memorial Trust meets the deflnlllon of a public benefft entity under FRS 102. Assets and liabiliti8s are initially recognised at historical cost or transaction value unless otherwise ststed In the relevant acLounting policy. The financial ststements are presented in UK pound steding, whlch Is the funclional currency of the Charity and round8d to the near8St pound. 2.2 Going concern The Trustees assess whether thè us8 of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions Ihat may cast significant doubt on the abilty of the Charity to continue as a going COnrn. The Trustees make this assessment in respect of a period of at least one year from the date of authorisalion of th8 financial statements and have conduded that the Charity has adequate resources to continu8 in operational existen for the foreseeable fLrture and there are no materlal UnrtaIntieS about the Charitls ability to ¢ontinu8 as a going concem, thus they continue to adopt the going conrn basis of accounllng In preparing the financial statements. 2.3 In¢¢>me All income is recognised On the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivatle can be measured reliably. The recognition of incom8 from le9acies is dependent on establishing entitlement, the probablllty of reIpt and the abilty to estimate with suffiuent accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charlty has suffiaent evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the execLrtor is satisfied that the prop8rty in question will not be required to satisfy claims in the estate. Recelpt of a legacy must be recognised when it is probablè that it will be r8C8ived and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is re¢ognised at the time of the donation. Page 8
Clomens Reutter Memorial Trust Notes to the financial statements For the year ended 30 May 2024 Accountlng pollcles {contlnued) 2A Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on charitable actibities is incurred on directly undertaking the activities which fvrther the Charitys obieclives. as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expendiiure when the conditions attaching are fuilled. Grants offered subject to conditions which have not been mel al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is indusive of irrewverable VAT. 2.6 Taxallon The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK ¢orporatlon tax purposes. Accordingly, the Charity is potentially exempt from taxation in resped of income or capital gains reiVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Char9eable Gains Act 1992, to the extent that such income or gains are applied exduSeIY to ¢harltable purposes. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-tem) highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of th8 d8POSit or similar account. 2.7 Llabllltles and provlslons Liabilities ar8 recognised when thère is an obligation at the Balan sheet date as 8 result of a past event, it is probable that a transfer of economic benefit wlll be required In settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity arrticipates it will pay to settle the debt or the amount it has rerRived as advanced payments for the goods or services it must provide. ProNisions are measured at the best eslimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequentty measurèd at amortised cost using the effective interest method. 2.9 Fund accounllng General fvnds are unrestricted funds which are available for use at the dis¢retlon of the Trustees In furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 9
Clemens Reutter Memorial Trust Notes to the financial statements For the year ended 30 May 2024 Crftlcal accounting estlmates and arnas of judgement Estimates and judgements are continually evaluated and are based on historical eXperIen and other factors, including expeallonS of futu events that are believed to be reasonable under the circumstances. The Charity does not cUentlY have any signthcant accounting eslimates or areas of judgement. Income from donatlons and legacie$ Unrestricted funds 2024 Tolal funds 2024 Total nds 2023 Donations Le9a¢ies 6,200 36,044 6,200 36,IM4 2,500 42,244 42.244 Total 2023 2.500 2,500 Analysis of grnnts Grants to Institutlon8 2024 Total funds 2024 Total funds 2023 Grants paid to Clemens Reutter Stiftung - Austria 18,000 18,000 17,715 Total 2023 17.715 17,715 Anatysis of exp8nditure by activities Grant fundlng of a¢tlvttles 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable activities (note 5 and below) 18,000 1,324 19.324 18,375 Totsl 2023 17,715 660 18,375 Page 10
Clemen8 Reutter Memorial Trust Notes to the flnanclal statements For the year ended 30 May 2024 Analysls of expondlture by acllvttles (Continued Analysls of support costs Unrestrlctsd funds 2024 Total funds 2024 Total funds 2023 Bank charges A¢¢ountan¢y fees 1,230 1,230 600 1,324 1,324 660 Total 2023 660 Independent oxaminorfs romuneration The independent examinerfs remuneration amounts to an independent examlner fee of £1,230 (2023 - £600). Trustees. remuneration and expenses During the year, no Twstees received any remuneration or other benefits (2023 - £NIL). During the year ended 30 May 2024, no Trustee expenses have been incurred (2023 - £NIL). Credito. Amounts falling due within one year 2024 2023 Acctual8 1,230 9.450 10. Statement of funds Statement of funds - current year Balance at 31 May 2023 Balance at Income Expendlture 30 May 2024 Unrostrlcted funds General Funds 319.048 42.244 (19,324 341,968 Page11
Clemens Reutter Memorial Trust Notes to the flnancial statements For th8 yèar endod 30 May 2024 10. Statement ot funds (continued} ststement of funds - prior year Balance at 31 May 2022 Balance at Incom8 Expenditure 30 May 2023 Unrestricled funds General Funds 334.923 2.500 (18.375) 319,048 Analysls of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Totsl funds 2024 Current assets Creditors due within one year 343,198 (1,230) 343.198 (1,230) Total 341,968 341,968 Analysis of net assets between funds - prior period Unrestrided funds 2023 Totsl funds 2023 Current assets Creditors due within one year 328,498 19,450) 328,498 <9,450> Totsl 319,048 319,048 12. Related party transactions During the year, the Charity received a donation of £3,000 (2023.. £2,500) from The Garth Doubleday Trust, of which G Reutter is a Trustee. There were no outstanding balances as at 30 May 2024. There wer8 no other related party transactions during the cuThent or prior period. Page 12