Charity number." 1166706 The Clemens Neumann Nathan Charitable Trust Unaudited Trustees. report and financial statements For the year ended 30 November 2025
The Clemens Neumann Nathan Charitable Tntst Contents Page Reference and adminlstrative details of the Charity. its Trustees and advisers Trustees, report Statemont of financial activities Balance shoet Notes to Ihe financial statsments &13
The Clemens Neumann Nathan Charitable Trust Reference and administrative details of the Charity, its Tntee$ and advisers for the year ended 30 November 2025 Trustees Mr R A Nathan. Char Mrs N Nathan Mr P D Hudson Charlty r•gl$tered number 11667 Principal office Flts)r 168 Shoreditch High Streel London E1 6RA Bankors Barclays plc 1 Churchill Place London E14 5HP Invastment managern Rothxhild Weatth ManagenI New Court St. Swithin's Lane London EC4N 8AL Page 1
The Clem&ns Neumann Nathan Charitsble Trust Trustees. Report for the year ended 30 November 2025 The Trustees present their annual report t(xJether with the financial statentS of the Charity for the year ended 30 Novemter 2025. Objects and activities Policies and objectives The objectrves of the charity are: a) To advance education for public benefit by piOnlg the education {including S(Kial and physical Irainingl of people of any age in any part of the world in such ways as the charity trustees think frt, including by awaiding to such persons scholarships, Maintenan allowances or grants or assisting any charty or not- for-profrt organisation whose aims include advancing edu¢ation of persons of any age by developing their mental, physical and moral capabilities-, b) To prevent or relieve rM)vety for the publ benefft by providing grarrts, ilems and services to individuals in need or to chartbes or other or9anisions anywhere in the wodd who provide or assist in the provision of education, training and healthcare projects designed to relieve verty'. cl To advance health or the saving of lives and the relEf of those in need ty reason of ill-heatth and disabilty in any part of the world by providing assistance as the trustees think fft to ary chartty whose aims include the protection and promotion of the heatth of the public either by providing treatment and care to persons suffering from mental or physical illness or by research into such illness or providing information and raisin9 publ understanding of such matters-, d} To promte human rights las set out in the Universal Declaration of Human Rights and subsequent Uniled Nations, conventions and deciarionsl throughout the wodd by all or any of the following means.. research into human rights issues, educating the public about human rights, raising awareness of human rights issues and promoting respect for human Tights among individuals and corFKirations- and el To further such exclusivety charttable purpx)ses ft)r the publ benefrt according to the law of England and Wales as the charity trustees in their absolute discretM)n from time to time determine. In setting objectives and planning for actrvrbes. the Trustees have given due consideration to general guidance published by the Chartty Commission relating lo public benefft, including the guidance 'PUbl benefft= running a chartty {PB2)'. b. Actlvities undertaken to achieve objectives The chartty has made two donalions to charities during the year. one related to canr and the other to sight. Page 2
The Clemens Neumann Nathan Charitsble Trust Trustees. Report (continued) for the year ended 30 November 2025 Achievements and performance a. Main achièvernents of the charity Apart from the two donations Mention atrKJve the Trusls continue to Ic¥)k for opportunities to make worthwhile donions and grnnts. b. Review of actlvities Other than the donations rwrtioned this has been a quiet year for the charity. Investment policy and perfomiance The endowment fund now consists of investmenls managed by Rothchild and an interest in a property investment company. The Trustees are content with the return on the investments. The retum on the Rothchild investments is an overall retum and the trustees, following discussions with the investment managers, have agreed thal up to 2.5¥0 of the opening endowment fund value can be treated as unrestricted funds available for use by the chanty to fulfil tts aims. No transfer has bn made from the Endowment Fund to the Unrestricted Fund in the current year as there are still funds available for the charity's purt¥)ses in the Urestred Fund. Financial review a. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to conlinue in operational existence for the foreseeable future. For this reason. they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding Ihe adoption of the going concern basis Can be found in the accountrng 1les. b. Reserves policy The Trust*s have taken a caubous approach in the early years ofthe charity to permit it to grow it's unrestricted reserves wtth which they can, going forward. provide more meaningful assista to individuals and other charities. Structure. govemance and management a. Constitution The Clemens Neumann Nathan Charitable Trust is a registered charity, number 1166706. and is constituted as a Chafity Ino)rporated Organisation. Page 3
The Clemens Neurnann Nathan CharitsblÈ Tn Trustees, Report (continued) for the year ended 30 November 2025 b. Methods of appointment or glection of Trustees The management of the Charty is the resFonsibilty of the Trustees who are elected and Coknopled under the terms of the MenK)randum and Artides ofAssociation. c. Related party relationships All Trustees give their time freety and no trustee is remuneraled nor have any expenses been reimbursed, as set OLrt in note 6 to the financial statements. Trustees are required to disclose all relevant interests in accordance wrth the Trust's policy and withdraw form dis¢ussions where a conflict of interest arises. d. Financial risk management The Trustees have assessed the major risks to which the Charty is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and prctedures are in pl&e to mitsgate exposu to major risks. ststement of Trustees, responsibilities The Tnjstees are snsIble for preparing the trustees, retK>rt and the finanual statements in accordance with appluble law and Ur¢ited Kingdom Accounting Standards (United Kingdom Generalw Apted Accounting Pi). The law applicable lo chartties in England and Wales requires trustee lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, that year. In preparing these finan¢id statements, the trustees are required to". Select suitable a(UntIng policres and then apply them consistently- Observe the methods and principles of the Charitw SORP IFRS102}', Make Judgements and accounting estimates that are reasonab and ptudent., State whether applicable UK Accounting Stsndards {FRS1021 have been followed, subject to any material departures which are disclosed and explained in the financial statements.. Prepare the financial statements on a going conrn basis unless it is inappropriate to presun* that the Charty wll continue in business. Page 4
The Trustees are reswnsible for keeping adequate accounting records that are sufficient to show and explain the Charty's transaclFons and disclose with reasonable accuracy at any time the finanaal posrtion of the Chartty and enable them to ensure that the financial statements compty wtth the Charities Act 2011, the Chairty IAccounts and Retx¢rtsl Regulations 2008 and the provisions of the Charty Incorporated Organisation. They are also sponsible for the Pfevention and detection of fraud and other irregularilies. Approved by order of the members of the board of Trustees and stgned on their behalf by. Mr R A Nathan Date.. 7-"L6 Page 5
The Clemens Neumann Nathan Charitable Trust ststement of financial activities For the year ended 30 November 2025 EndoTthfftient Unrestricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Note Income and endowments from: Donations and Iwies 1.616 1,616 2.539 Total Income and endowments 1,616 1.616 2.539 Expenditurg on: Charitable activities 2,100 2,100 5,715 Total •xpondituro 1100 2,100 5,715 Net lexpwditurel bofore net gain• on invostments (484) 13,176) Nel gain on investnEnts 26,605 161,670 Net rnovement in funds 26.605 (484) 26.121 158,494 Totsl funds brought forward 1,571,539 79,252 1,650,791 1,492,297 Total funds carried forward 1,598.144 78,768 1,676,912 1,650,791 Page 6
The Clemens Neumann Nathan Charitable Trust Balance sheet As at 30 November 2025 2025 2024 Fixed assets Investments 1.594.195 1.567,590 Current assets Cash at bank 82.717 83,201 Total net assets 1.676,912 1.650,791 Charity funds Endowment lunds Unrestricted funds 1.598.144 78,768 1,571,539 79,252 Total funds 1.676,912 1,650,791 The financial statements were approved and authorised fc¥ issue by the Irustees and sign*1 on their behalf by: o,. i41 Mr R A Nathan Mrs N Nathan Daled: I,i?.tÉ- The notes on pages 8 10 14 fom part of these financial Statents Page 7
The Clemens Neumann Nathan Charitable Tnt Notes to the financial statements For the year endad 30 November 2025 General inforniation The charity was fornw by the Charity Commission as a Charttable IncorF)orated Organisalion registered in England and Wales. The charity's registered office is the 2nd FlcK)r, 168 Shoreditch High Street. London, E16RA. The main aim of the charrty is lo provide assistan in the education of people in respect of the Human Rights Convention as well as providing grants to alleviate heath issues. Accounting policies 11 Basis of prèparation of financial statements The financial stslements have been prepared in accordance with the Charities SORP {FRS 102)-Accounting and ReKXlrting by Chartties.. Statement of RecomnEnded practi applicable to charits.es preparing their accounls in accordance with the Financial ReF)orting Standard applicable in the UK and Republic of Ireland {FRS 102) leffective 1 January 20191, the Financial ReF)Orting Slandard applicable in the UK and Republic of Ireland (FRS 102) and the Charibes 2011. The financial statements have been prepared to gwe a Iwe and fair, view and have departed from the Charrties (Accounts and Reports) Regulations 2008 onty lo the extent required to provide a 'twe and fair, View. This departure has involved following the Chartties SORP (FRS 1021 published in October 2019 rather than the Accounting and Rewrting by Chartties.. Stalement of Recommended Practice effectNe from 1 April 2005 which has Sir been wrthdrawn. The Clemens Neumann Nathan Charitable Tnjst meets the definttion of a public benefft entty under FRS 102. Assets and liabilities are initial recognised al histori¢xl cost or transaction value unless othenuise stated in the relevant accounting pKfylry. 2.2 Income All income is rwnised once the Charity has entitlement lo the income, it is probable that the income will be receÉved. and the amount of income receivable can be measured relkabty. IrOMe tax erable on either donalrons reiVed under gift aid or from investment income is recognised at the time the donation or investment income ts received. Page 8
The Clemen8 Neumann Nathan Charitablè Trust Notes to the financial statements For the year ended 30 November 2025 2.3 Expendituro Expenditure is recognised once there is a legal or nstructive obligation to transfer economic benefft to a third paty. 11 is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each activty are made up of Ihe total of direct and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a singular &tivity a allocated directty to that activity. Shared cosls which contribute to rr#xe than one activity and support costs which are not attributable to a single a¢ti¥ty are aprortioned between those activities on a basis consistent with the use of resources. Expenditure on ch8ritable activities incurred directty on undertaking the activitl8s which further the Charity's ot4'ectives, as well as any alated support costs. Grants payable are charged in the year when the offer is made expt in those cases where the offer is condrtional. such grants Ing recognised a$ exFendilure when the conditions attaching are fulfilled. Grants offered subject to condrtions which have not been met at the year end are noted as cornmitment, bLrt not accrued as expendrIU. 2.4 Invgslments Fixed asset investments are a form of financial InStrunI and are initially recognised al their tranSactn cost and subsequently measured al fair value al the Balance sheet dale, unless the value cannot be measured reliably in which ease it 1$ measured at cost less impainent. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{losses) on inVestffnts, in the Ststement of financial activits'es. 2.5 Cash at bank Cash at bank includes sh and short lenn highty liquid investments with short maturty ofthree mnths or less. 2.6 Financial instruments The Charity On h8$ financial assets and liabilities of a kind Ihal qualify as basic financial inslrumenls. Basic financial instruments are inllially recognised al transaction value and subsequentty rSured at their settlement value. Page 9
The Clemens Neumann Nathan Charitable Trust Notes to the financial sLements For the year ended 30 November 2025 2.7 Fund ac¢ounting General funds are unrestricted funds whtch are available for use at the discretion of the trustees in furtherance of the general objecttves of the Charity and which have not been designed for other purposes. Income frorn donations and legacies Unrestrl¢ted Funds 2025 Total Funds 2025 Unrestricted Funds 2024 Total Funds 2024 Donations 1.616 1.616 2.539 2,539 Analysis of grants Grants to Institutions 2025 Total Funds 2025 Grants to Insti(utiolls 2024 Total Funds 2024 Grants Donalions 3,500 1.000 3,500 1,000 1,500 1.500 4,500 4.500 Analysis of expenditure on charitable aclivities Grant Funding Activities 2025 Support Costs 2025 Totsl Funds 2025 Furtheran of charitable aims 1.500 600 2,100 Grant Funding Actwities 2024 Support Costs 2024 Total Funds 2024 Furtheran of tharitable aims 4.500 1.215 5.715 Page 10
The Clemens Neumann Nathan Charitable Trust Notes to the financial statements For the year ended 30 November 2025 Trtees, remuneration and expenses During the year, no Tntstees received any remuner*ion or other beneffts12024 - £NILI During the year no expenses have been incurred by the Trustees {2024- £NIL). Fixed asset investments Listed Unlisted Investrnents Investments Total Cost or valuation At 1 Drnber 2024 Revaluations 1.286.297 26.605 281,293 1,567.590 26.605 At 30 November 2025 1.313,902 281,293 1,594.195 Net book value At 30 November 2025 1.313.902 281.293 1,594.195 At 30 November 2024 1,286.297 281,293 1.567,590 Financial instruments 2024 Financial assets 2024 Financial assets measured at fair value through income and expenditure Page 11
Tho Clemens Neumann Nathan Charitable Trust Notes to the financial staternents For the year ended 30 November 2025 Ststement of funds Statement of fvnds current year Balance Gainsl At 1112124 Income Expendlture {Losses) Total Unrestricted funds General funds 79,252 1,616 (2,100) 78.768 Endov•Thent funds Endowment fund$ 1,571,539 26,605 1,598,144 Total of funds 1.650,791 1,616 {2,100) 26,605 1,676,912 Statsment of fvnds prlor year Balan Gainsl IncorrE Expenditure {Loss8s) 1112123 Total Unr•strict fund8 General funds 82,428 2.539 15.715} 79,252 Endowmont funds Endowmenl fvnds 1,409.869 161,670 1,571,539 Total of funds 1.492.297 2,539 (5,715) 161,670 1,650,791 Page 12
The Clemens Neumann Nathan Charitable Tntst Notes to the financlal statements For the year ended 30 November 2025 10 Analysis of net assets betTen funds Analysis of net assets betwwn fun(ts- current year Endonent Unrestricted Funds Funds 2025 2025 Total 2025 Fixed asset investrwts Currènt assets 1.594.195 1,594,195 82,717 78,768 Total 1,598,144 76,768 1.676,912 Analysis of net assets bet*wn funds- wlor yoar Endowment Unrestricted Funds Funds 2024 2024 Total 2024 Fixed asset investments Current assets 1,567.590 3,949 1,567.590 83,201 79,252 Total 1,571.539 79,252 1,650,791 11 Controlling party The Trustees are deemgj to be the charivs controlling party. Page 13