Charlty number. 1166706
The Clemens Neumann Nathan Charitable Trust
Unaudited
Trustees. report and financial statements
for the year ended 30 November 2023

The Clemens Neumann Nathan Charltable Trust
Contgnts
Page
Referen¢* and admlnlstrallve details of the Charity. its Trustees and advisers
Trustees. report
Ststsment of finan¢lal a¢tlvlties
Balance sheet
Notes to the financial ststements
7-14

The Clemens Neumann Nathan Charitable Tntsl
Reference and administrative details of the Charity. its Trustees and advisers
for the year ended 30 November 2023
Trustees
Mr R A Nalhan, Chair
Mrs N Nathan
Mr P D Hudson
Charity registered
number
1166706
Principal office
2nd Floor
168 Shoreditch High Street
London
E1 6FiA
A¢¢ountants
Kreston Reeves LLP
Chartered Accountants
2nd Fl¢)or
168 Shoreditch High Street
London
E1 6FiA
Bankers
Bardays PLC
1 Churchill Pla
London
E14 5HP
Investment managers
Rothschild Wealth Management
New Court
Sl. Swilhin's Lane
London
EC4N 8AL
Page 1

The Clemens Neumann Nathan Charitable Trust
Trustees. report
for the year ended 30 November 2023
The Twstees p￿sent their annual rew>rt t(￿ether with the finan(aal ststements of the Charity for the year 1
December 2022 to 30 November 2023.
Objectives and activities
Policies and objectives
The objects of the Charity are:
a} to advance education for the public benefft by prormting the education (including social and physical trairbingl
of people of any age in any part of the worfd in such ways as the charity trustees think fit, induding by awarding
to such persons scholarships. maintenance allowances or grants or assisting any charity or not-for-profil
organisation whose aims include advancing education of persons of any age by developing their mentsl, physical
and moral Capabil￿e$.,
b} lo p￿vent or relieve wverty for the public benefit by providing grants. items and ServI￿S to individuals in need
or to charities or other organisations an￿bere in the world who provide or assist in the provision of education.
training and heatthcare projects designed to relieve povety.
cl to advance heakh or the sawng of Irves and the relief of those in need by reason of ill-health 8nd disability in
any part of the wodd by providing assistsnce as the trustees think fil to any charity whose aims include the
PTOtection and promotion of the heath of the wblic eilher by providing treatment and care lo persons suffering
from mental or physical illness or by research into suGh illness or promding infomiation and raising publi¢
understanding of such matters"
d} to promote human rights {as set out in the UnNersa] Declaration of Human RHJhts and subsequent United
Nations, conventions and declarations) throughout the wodd by all or any of the followng means.. research into
human rights issuès, educ2bng the public 8boLrt human rights, raising awar@￿sS of human rights iSSU8s and
promoting respect for human rights among individuals and (x)rporations.' and
e} to fijrther such exdusNely charttable purposes for Ihe public benefft aCLX)rding to the law of England and
Wales as the charity trustees in their absolute dtscretion from time to time detemiine.
In setting objectives and ￿annIng for acbvitses. the Tnjstees have gwen due consideration to general guidance
published by the Charity Commission relating to public benefit induding the guidance 'Public beneffl= running a
charity IPB2}'.
b. Actlvltles undertaken to a¢hleve objectives
The charÈty has had a quiet year th minimal transactions.
. Main activities undertaken to further the Charl￿S purposes for the public benefft
The charity has been fOrn￿d lo receive an endowment from the eslate of the l*e Mr C N Nathan.
Achievements and performance
a. Main achievements of the Charlty
The charity has agreed to provide assistsnce to an indmdual pursuing a master course in international human
rights taw.
b. Review of activities
Other than the one granl menti(w)ed above it has teen a quiel year for the charity.
Page 2

The Clemens Neumann Nathan Charitable Trust
Trustees. report (continued}
for the year ended 30 November 2023
A¢hlevements and performance (continued
c. Investment policy and performance
The endowment fund now consists of investments managed by Rothchilds and an interest in a property
investment company. The trustees are contenl wtth the retum on the investments. The relum is an overall
relum and the trustees, followring discussions with the investment managers, have agreed that up to 2.51a of the
opening endowment fund value wll be treated as unrestricted funds available for use by the charity to fulfil its
aims. No transfer has been made from the Erthvment Fund lo Unrestricted Funds in the current year as there
are still funds available as unrestricted.
Financial revi•w
. Going ¢on¢ern
After making appropriate enouiries. the Trustees have a reasonabte expectation that the charity.has adequate
resources to conkn.nue in operth.onal existence for the foreseeable future. For this reason, they continue to adopt
the going con¢em basis in preparing the financial slatements. Further details regarding the adoption of the going
concem basis can be found in the accounting poliaes.
b. Reserves pollcy
The tsuslees have taken a caubous approach in the early years of the charity lo pemiit it lo grow some
unrestricted reserves ￿th which they can. goiry foTward. provide more meaningful assistance to indwiduals and
other ¢harities.
structure. govemance and management
a. Constitution
The Clemens Neumann Nathan Chatttable Twust is a wistered charity, number 1166706, and is constituted as a
Charity Incorporated Organisation.
b. Methods of appolntsnenl or ele¢tlon of Truslees
The management of the Charity is the responsibility of Ihe Trustees who are elected and COwOPted under the
terms of the Memorandum of Association.
¢. Related party relationships
All trustees give their time freety and no trustee is remunerated nor have any expenses been reimbursed, 8$ sel
out in note 8 to the financial statements. Trustees are required lo disdose all relevant interests in accordan
with the Trust's policy and ￿￿thdraW from decisions where a conflict of interest arises.
d. Financial risk management
The Trustees have assessed the major risks to which Ihe Charity is exposed, in particular those related to the
operations and finances of the Chartty. and are satisfie(l that systems and prwlures are in place to miti'gate
exposure to the major risks.
Page 3

The Clemens Neumann Nathan Charitsble Trnst
Trustees. report (continued)
for the year ended 30 November 2023
statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, and the financial statements in aC￿rdanCe with
applicable law and United Ki￿d0M A(xxJunting Stsndards (Uniled lQngdom Generalty A￿pted Accounting
Practi￿1.
The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for
each financial which give a true and fair view of the state of affairs of the Charity and of tts in￿ming resources
and application of resour￿$, induding rts irtcome and expendrture. for that period. In preparing these financial
statements, the Twstees are required to:
select suitable acTr)unting polic￿$ then apply them consistentty.
observe the methods and prin￿pIeS of the Charibes SORP {FRS 102).
make judgments and accounting estimates that are reasonable and prudent.
stale whether applicable UK Accounting Standards {FRS 1021 have been followed. subject to any material
departures disclosed and explained in the finanaal ststements..
prepare the financial stslements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees aTe responsible for keeping adequate accounting records that are SLrfficienl lo show and explain
the Charivs transadions and disdose wtih reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the finanaal statements comply vthh the Charities Act 2011, the Charity
{Accounts and Reports) Regulations 2008 and the prowsions of the ChaTtty Incorporated Organisation. They are
also responsible for safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by ort1er of the members of the board of Trustees and signed on their behalf by.
Mr R A Nathan
Date: 7 March 2024
Page 4

The Clernens Neumann Nathan Charitable Trust
statement of finan¢ial a￿1VitieS
for the year ended 30 November 2023
Endowmenl Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Nole
Income and endowments from:
Donations and legacies
3,379
3,379
1.552
Total Income and endowmonts
3.379
3.379
1,552
Expenditure on-
Charitable activities
4.620
4.620
912
Total expendlture
4,620
4,620
912
Net {èxpenditure)lincome before net
gainsl{losses) on investments
Nel gainsl{lossesl on investsnents
(1,241)
11.241)
61,778
640
(93,5201
61.778
Net movement in funds
61.778
(1.241)
60.537
192,8801
Reconciliation of funds:
Totsl fvnds brought forward
Net movement in fvnds
1.348.091
61.778
83.669
(1.241)
1.431.760
60.537
1.524,640
(92.8801
Total funds carried forward
1,409,8fOa
82,428
1,492,297
1,431.760
The Slalement of financial actiwtres indudes all gains and losses recognised in the year.
The notes on pages 7 to 14 form part ol these financial statements.
Page 5

The Clemens Neumann Nathan Charitable Trust
Balance Sheet
as at 30 Novernber 2023
2023
2022
Fixed assets
Investments
1.405.920
1,344,142
1.405.920
1.344.142
Current assets
Cash at bank and in hand
86.377
87.618
86.377
87,618
Net current assets
86.377
87.618
Total net assels
1.492.297
1,431.760
Charity fund$
Endowment funds
Restricted funds
Unrestricted funds
10
10
1,409,869
1,348.091
10
82.428
83,669
Total fund5
1.492.297
1,431.760
The financial statements were approved and authorised for issue bythe TTUStees and signed on their behalf by.
Mr RANathan
Mrs N Nathan
Dale.. 7 March 2024
The notes on pages 7 to 14 fotm part ofthese finan(ial statements.
Page 6

The Clèmons Neumann Nathan Charitable Trusl
Notes to the financial statements
for the year ended 30 November 2023
General inforniation
The charrty was formed by the Charty Commission a5 a Charrtable Incorporated Organisation registe￿d
in England & Wales. The charitys registered office is 2nd Floor. 168 Shoreditch High Street. London,
E1 6RA.
The main aim of the charity is to prowde assislan¢e in the education of people in respect of the Human
Rights Conventions as well as providing grants to alleMate heatth issues.
Accounting policies
2.1 Basi$ of preparation of financial stalements
The finanLial statements have been prepared acxx)rdan￿ the Charitses SORP IFRS 1021-
Accounting and Reporbng by Charities: Stslement of Recommentled Practice applicable to charities
preparing their accoun15 in accordance wrth Ihe Finan￿al Repofting Standartl applicable in the UK
and Repubtic of Ireland IFRS 1021 {effe¢tive 1 January 20191. the Financial Reporting Standard
applicable in the UK and Repubfic of Ireland (FRS 1021 and the Charibes Act 2011.
The financtal stalernenls have been prepared to give a Inje and fairf view and have departed from
the Charities {Acco¥Jnts and Reports) Regulations 2008 only to the extent required lo provide a Irue
and fairf view. This departu￿ has involved following the Charities SORP IFRS 102} publisheLts in
October 2019 rather than the Accounting and RepoTb"ng by Charrties: Statemenl of Recommended
Practice effective from 1 Awil 2005 which has since been wtlhdrawn.
The Clemens Neumann Nathan Charitable Trust meets the definition of a public benefrt entity under
FRS 102. Assels and liabilities are initially recngnised at historical cost or transaction value unless
otherwise stated in the relevant accounting pKJlicy.
2.2 Income
l income is recr4nised On￿ the Charity has enttllement lo the income. it is probable that the
incorne ￿11 be received and the amunt of income receivable can be measured relkAbly.
Income tax recoverable in relatK)n to donalions recei￿1 urmler Grft AKI or deeds of covenant is
recognised al the time of the donat¥)n.
Income tsx recoverable in relation to invesbywt income is recognised al the time the investment
income is receivab]e.
Page 7

The Clomens Noumann Nathan Charitsblè Trust
Notes to the financial statements
for the year ended 30 November 2023
Accounting poli¢ies {¢ontinued)
2.3 Expenditure
Expenditure is re(£#Jnised on(* there is a legal or constructive obligation to transfer e￿nOmiC benefit
lo a third party. it is probable that a transfer of economic beneffts wll be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each a¢tivity are made up of the total of direct costs and shared costs. induding support costs
involved in undertaking each activrty. Direct (Y)5ts attributable to a single aGtivity are allo¢aled d1￿CtlY
to that a¢tNity. Shared ￿$ts which contribute to more than one activity and support costs which are
not attributable to a single activty are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs a￿ allocaled on the basis of time spent, and deprec¢alion
charges allocated on Ihe portxin of the asset's use.
Expendfture on tharitsble acttvityes is incurred on directy tjndertaking the activities which further the
Charitys ¢)bjeclives. as well as any assocAaled 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 expenditu￿ when the conditions attaching are
fU￿illed. Grants offered subject to condikn'ons which have not beer) met al the year end are noted as
commilmenl, bul not accrued as expenditure.
All expendtiure ts indusive of irrec0￿ble VAT.
2.4 Investments
Fixed asset investments are a form of fir)anual instrument and are initially recognised at their
transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value
cannot be measured reliably in which case rt is measured at ttjst less impairnienl. Investment gains
and losses. whether realised or unrealised. a￿ combined and p￿sented as 'Gainsl(Lossesl on
investments, in the Statement of financial actsvl￿es.
2.5 Cash at bank and in hand
Cash al bank and tn hand includes cash and short-temi highly liquid investments ¥wth a short maturity
of three month5 or less from the date of acquisth.on or opening of the deposit or similar account.
2.6 Financial instruments
The Charty only has financial assets and finanaal liabilities of a kind Ihat qualtfy as basic financial
instruments. Basic financial instruments are initi.ally re¢ognised at transaction value and subsequenlly
measured at their sethement value with the eX￿PtiOn of bank loans which are subsequently
measured at amortised cost using the effective interest metFKKI.
2.7 Fund accounting
General funds are unre51ricted fund5 which are awdilable for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity an(J which have nol designated for other
purposes.
Page 8

The Clemens Neumann Nathan Charitable Trust
Notes to the financial statements
for the year ended 30 November 2023
Income from donations and legacies
Unrestrlcted
funds
2023
Totsl
funds
2023
DonatKTrn5
3.379
3.379
Unrestricted
funds
2022
Total
funds
2022
Donations
1,552
1,552
Analysis of grants
Grants lo
Institutions
2023
Total
funds
2023
Total
funds
2022
Grants
3.000
Analysis of expenditure on ¢haritable adivilies
Summary by fund type
Unrestricted
funds
2023
Total
2023
Furtherance of the charilabje wms
4.620
4,620
Unrestricted
fvnds
2022
Total
2022
Furtherance of the charitaNe ain
912
912
Page 9

The Clemens Neumann Nathan Charitable Trust
Notes to the financial statements
for the year ended 30 November 2023
Analysis of expenditure by adivities
Grnnt
funding of
activitie5
Support
Costs
2023
Total
funds
2023
2023
Furtherance of the charitable aims
3.000
1,620
4,620
Support
costs
2022
Total
funds
2022
Furtheran￿ of the ¢haritable aims
912
912
Trustees. remuneration and expenses
During the year. no Trustees receNed any reMunera￿n or other benefits {2022 - £NILI.
During the year ended 30 November 2023. no Trustee expense5 have been incurred12022- £NIL}.
Fixed asset investments
Listed
Unlisted
investments investments
Total
Cost or valuation
Al 1 December 2022
Revaluations
1,062.849
61.778
281,293
1.344.142
61,778
At 30 November 2023
1,124,627
281,293
1.405,920
N4 book value
AI 30 November 2023
1.124.627
281,293
1,405,920
AI 30 November 2022
1,062.849
281,293
1.344,142
Page 10

The Cternens Neumann Nathan Charitable Tn￿t
Notes to the financial statements
for the year ended 30 November 2023
Financial instruments
2023
2022
Financlal assets
Financial assets meaSU￿d at fail value through income and expendtture
86.377
87,618
Page 11

The Clemens Neumann Nathan Charitable Twst
Notes to the financial statements
for the year ended 30 November 2023
10. Statement of funds
Statement of funds - current year
Balance at
30
Gainsl November
(Losses)
2023
Balan¢e at i
December
2022
Income Expendityre
Unrestricted funds
General Funds
83.669
3.379
(4.620)
82,428
Endowment funds
Endowment Fund
1.348.091
61,778
1,409.869
Totsl of funds
1.431.760
3.379
(4,620)
61,778
1.492,297
Statement of funds - prior year
Balance at
30
November
2022
Balance al
1 D￿mber
2021
Gainsl
(Losses)
IrKOr￿ Expenditure
Unrestricted funds
Gener81 Funds
83.029
1.552
(9121
83,669
Endowment funds
Endowment Fund
1,441.611
{93,520} 1,348,091
Total of funds
1.524.640
1.552
(9121
{93,520)
1,431,760
Page 12

The Clemens Neumann Nathan Charitable Tntst
Notes to the financial sLitements
for the year ended 30 November 2023
11.
Summary offunds
Summary of funds- CUTrent year
Balance at
30
Gainsl November
{Lossesl
2023
Balance at 1
De¢ember
2022
Income Expenditure
General fvnds
83.669
1.348.091
3.379
146201
82,428
1,409,869
Endowment funds
61.778
1,431.760
3.379
{4.6201
61.778
1.492.297
Summary of fund5 - prior year
Balance at
30
November
2022
Balance at
1 December
2021
Gainsl
(Losses)
Income Expenditure
General funds
Endowment funds
83.029
1.441.611
1.552
(912)
83,669
1,348.091
193,520)
1,524.640
1.552
(912)
193.520)
1.431,760
Page 13

The Clemens Neumann Nathan Charitable Trust
Notes to the financial statements
for the year ended 30 November 2023
12. Analysis of net assets between funds
Analysis of net assets between funds- current year
Endowment Unrestrlcted
fund$
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
1.405.920
3,949
1.405.920
86.377
82,428
Total
1.409.869
82,428
1.492.297
Analysis of net assets between funds- prior year
Endowment Unrestricted
fvnds
funds
2022
2022
Total
funds
2022
Fixed asset inve5trnents
1.344.142
3.949
1,344,142
87,618
Current assets
83,669
Total
1,348.091
83,669
1,431.760
13. Controlling party
The trustees are deemed to be the chariws cOntr￿ling party
Page 14