**REGISTERED CHARITY NUMBER: 1155083**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2024
for
## Utermann Charitable Trust
Accountancy Services Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
Utermann Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2024
|||Page||
|---|---|---|---|
|Report of the Trustees||1||
|Independent Examiner's Report||2||
|Statement of Financial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|6|
|Detailed Statement of Financial Activities||7||
Utermann Charitable Trust
## Report of the Trustees
## for the Year Ended 5 April 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees shall hold the capital and income of the Trust Fund upon trust to apply the income, and all or such parts of the capital, at such time or times and in such manner to, or for the benefit of, such exclusively charitable object and purposes in any part of the world as the Trustees may in their discretion think fit.
The aims of the charity are to make grants and in the period of this report four organisations have received grants.
## **Public benefit**
The trustees are mindful of the Charity Commission's guidance on Public Benefit and have taken account of it when making decisions, to ensure grants are for the benefit of all within the relevant organisation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust dated 8th November 2013, and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1155083
## **Principal address**
13 Bracknell Gardens London NW3 7EE
## **Trustees**
A Utermann Mrs C Utermann
## **Independent Examiner**
Clare Lillington FMAAT Accountancy Services Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
Approved by order of the board of trustees on 24 June 2024 and signed on its behalf by:
Mrs C Utermann - Trustee
Page 1
Independent Examiner's Report to the Trustees of Utermann Charitable Trust
## **Independent examiner's report to the trustees of Utermann Charitable Trust**
I report to the charity trustees on my examination of the accounts of Utermann Charitable Trust (the Trust) for the year ended 5 April 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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.
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 accounts to be reached.
Clare Lillington FMAAT
Accountancy Services Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
25 June 2024
Page 2
Utermann Charitable Trust
## Statement of Financial Activities for the Year Ended 5 April 2024
|5.4.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
250,000
Investment income
2
3,409
**Total**
253,409
**EXPENDITURE ON**
**Charitable activities**
Donmar Warehouse Project
4,720
Hampstead Theatre
8,546
North London Collegiate School
31,650
The Royal Horticultural Society
5,000
Birkbeck College
-
UK Friends of Yale University
20,174
Other
532
**Total**
70,622
**NET INCOME/(EXPENDITURE)**
182,787
**RECONCILIATION OF FUNDS**
Total funds brought forward
55,061
**TOTAL FUNDS CARRIED FORWARD**
237,848|5.4.23
Total
funds
£
-
1,031
1,031
2,320
4,082
-
5,000
50,000
23,341
200
84,943
(83,912)
138,973
55,061|
|---|---|
The notes form part of these financial statements
Page 3
Utermann Charitable Trust
## Balance Sheet
|5 April 2024
5.4.24
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
238,248
**CREDITORS**
Amounts falling due within one year
5
(400)
**NET CURRENT ASSETS**
237,848
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
237,848
**NET ASSETS**
237,848
**FUNDS**
Unrestricted funds
237,848
**TOTAL FUNDS**
237,848|5.4.23
Total
funds
£
55,461
(400)
55,061
55,061
55,061
55,061
55,061|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 June 2024 and were signed on its behalf by:
C Utermann - Trustee
A Utermann - Trustee
The notes form part of these financial statements
Page 4
Utermann Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||5.4.24|5.4.23|
||£|£|
|Bank account interest|3,409|1,031|
|**3.**|**SUPPORT COSTS**||
|---|---|---|
|||Governance|
|||costs|
|||£|
||Other resources expended|532|
The accountancy fee includes £200 for the Independent Examination.
Page 5
continued...
Utermann Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
## **3. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
## **Governance costs**
|**Governance costs**|||
|---|---|---|
||5.4.24|5.4.23|
||Other||
||resources|Total|
||expended|activities|
||£|£|
|Bank charges|132|100|
|Accountancy & examination fees|400|100|
||532|200|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||5.4.24|5.4.23|
|---|---|---|
||£|£|
|Trade creditors|400|400|
## **6. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2024.
Page 6
Utermann Charitable Trust
## Detailed Statement of Financial Activities for the Year Ended 5 April 2024
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Investment income**
Bank account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
**Support costs**
**Governance costs**
Bank charges
Accountancy & examination fees
Total resources expended
**Net income/(expenditure)**|5.4.24
£
200,000
50,000
250,000
3,409
253,409
70,090
132
400
532
70,622
182,787|5.4.23
£
-
-
-
1,031
1,031
84,743
100
100
200
84,943
(83,912)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 7