Charlty r•giStration number 1175405 THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION .P. Ullmann Of O J dIer C.T. Sandl•r EZ Sd J.R.S Ullmann .L.P. Ullmann L.M. Ullmam Charity nurnb•r 11754
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS Pag• Trust•83' r•kyyl Statwnent of finartial Xtswties Bala 8ho•t Statement of cash flows Not•s to firt4#1 stat•m•
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 trustsas piesent th'r rewt and fina181 stat•mts for thè y1 endod 5 Awil 2024. Th8 finanaal statements have teen prepared in a¢d80 th& COUn"nO rK)Iries set OLrt in note 1 to the financial ststements aThJ with thg Iru$f$ gov8ming docllmerrt, th& Charil'es Act 2011 and 'Accwnts'ng and R&portiThJ by Charities. Stsiement ol Reo)mmerK18d PrathC appl to chanbes prepanng ththr accounts in a¢cor(lan the Finawal Rwtiro StaTrJard icabl8 In the UK Repu of Irdand IFRS 1021. las amended for xcounting periods commenring frcm 1 Jary 20161 Obh¢tlv and ¢tlvltb•s The trust's oty'ects are to furthor SLth dwrrtablo for th8 b•n•fft as ar• exdu5iv8ty charitable a¢corfirKJ lo th• l•ws of En14•r Wakns •s Iru$t••$ may from I'm• to b'me d•tgrn1in•. Th• trustee$ h•ve pad du• f•ofi to gLJart• i$8u•d ty th• Chwrty commissi in d•c4thrs wtt xts"vibes th& tnjst slK)uld undortake, arm1 on public ben•fit Achl•v•m•nt• and p•rfonn•nc• trust h•$ rot y•t any 8clivtS. Flnanclal r•vl•w The re$Lts for the year and th• finawal po$itiM crf Irust al end of th• fin¥Ki•l ywr ar• in th• Statement of Finanaal Activth'os and Balart• Sh••t ffi PagBs 2 arHI 3 r8spèthvdy. Structur•, gov•rnn¢• •nd mn•g•m•nt Th8 tNst was established und8r a"fOur8t10ft" m¢1 corntitirtth on 27 Cttob•r 2017. tNsto9$ who ¥eNod ring tho ygfa •rKI w tg thw d•tfj of ¥iwaturg of thg finr#al staternts vmrg.. M.P. Ullmann Dr. D.J. Sandl•r C.T. Sandl•r E.Z. Sand•r J.R.S. Ullmann B.L.P. Ullmann L.M. u11mn The trust 1$ currèrfy •dminigtw¢d by seven trustees. as sfthn on the Infornation p•ae. Tre w• Th) re9trilon5 impog•d by the g¢*•mirYJ dorAment Corumir tho way the Intst can Lyarats. The trust5 lIdn ol in¥nIn1 as absolutdy onbdad th•reto bgneficialfy. The trust rov th• 8oard of Trust•es. Imam Trusts0 2 August 2024
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Vnrnstrlct•d funds 2024 Tot 2023 Charitable acbvit Totsl chantatAe exp'T• N•t Incom• forth• y•arf N•t mov•m•nl In funth Fund balan¢o$ 81 6Awl 2023 Fund balan$ at S Aprfl 2024 Th• $tsl•m•nl olfinarKial xbvib"w indLKles all pns losses rocognis*1 in th• y•w.
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET ASAT 5 APRIL 2024 2024 2023 N•t ass•ts Income funds Unrestn'cted funds The finan0 $tal•ment$ V•W• approv•d by ts Tru$te•$ 2 August 2024 M.P Ullmam TNst••
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 Ca4h flowj from operating activitie• Net cash ed Sn Invmting activiti Not calh used In Ilnancing actlvltl• N•t incrM40 in ch nd c•¥h •quiv*l•nts Cash arKJ cash aquivalts at iwinnirwJ ol yo•r Ca•h and ¢•¥h •qulv•l•nts •t •nd of y••r
THE ULLMANN TRUST
(A CHARITABLE INCORPORATED ORGANISATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
A¢¢ountlng poli¢1
Chartty Inforniatlon
The Ullmann frust is a CharitatAe Incwrated organisats.on registered Ihe Charity Ccfflmission for
England and Wales. The pU•C address is Piglevs Cottago. Th8 Warren. Lathbury, Nowp)rt Pagnèll MK16
8LD. The nalLre ollm chanvs cpwab.ons aTrJ xts.vths we det&"led in thg Intees, reF¥Jt.
1.1 Accountlng conv•ntlon
Tho finanoal stat0nts havo be kY¢p¥&J in accordance with the trusfs [g•MIng documantl. the
Charities Act 2011 aTrJ 'AccwM'rwJ and Rep'TrU by Chafibg$". Ststemont of A?rnMended Practice
applicable to charities preparing t'r acctyJnt$ in the Finanual Reporting Standard
appli¢aL40 in t UK Rewt4ic of Ir818nd IFRS 1021" las amend•J lor accwntirYJ Commar
from 1 January 20161. The trust is a Public Bgnefft Enty as ¢Jefined by FRS 102.
Tho finanaal stat8m8nts hav8 dwMrt•(l from tr• chaftth.es (Acctxmts and ReFJtsi RegLAats'on5 2CQ8 only to
t gxtfjnt wuld to syovide a true and lair view. Th15 departure has involved followng th& St¥loment of
Reccfflmended Practt'ce lor charities aFplying FRS 102 than the version of the Statement of
R8ccrfnm8ndod Practs'ce Js r•forrfjO to Jn t RtyLlabons but vthich has since been
The financi Statemts are Prepa in stsrtitYJ. is th• kncts'L¥l cUff8Y ol th• trust. Monetary
amounts in these finanrAal statemonts aro rouTrJ8d lo th• noaro$1 £.
Th8 finar11 statsments hwe bgen prepor•d und•r th"stcrflco1 cost conv•nkn. Tho wincipal accounting
pdi¢ig3 a7p1•d are s•t out
1.2 Golng eonc•m
At the tme of approving the finana81 statèments, th8 trustees have a reasonablo &xpg¢tab"cfj that the trust
has adequate restyJrc8S to conknnue in operab.¢1 •xislwce for the for8s888• fvture. Ths the trust8a$
conbnu8 to adopt Ihe g(¥ThJ trAsis d Kcountsn9 In preparirKJ the financial ststements.
1.3 Chrltabl• fund•
Unrestricted funds are avalth for use at th• disrmw ol IM trwlees in IL1her8nc• of thèir charita@
obJ'ectivg¥.
1.4 Incom•
Income is réeoonised Trthen the trust is legally enb"U¢d lo it after any Frfcrmanr conditions have ba•n m•1,
the amounts can be measur8d rgliaw. and rt Is yob8bk that intsjme will be rec8iv•J.
C88h donations are recognisod cffl r8COiPt. Other th)natiws reeoanised once the trust has bg&n notifi9¢ of
the dcatiOn, unlèss perfoman¢e TrlOn$ reqwre deferral of the aMnI. Incom8 tax recovw8blo in relation
to donatsons received under GfftAid is reeognised at th& time of
1.5 Eyndlturn
Expenditure is reco9ni$ed ¢y)¢e thw¢ is a legal (K constnKtive obligation to translgr a¢1¢ tenefil lo
third party, it is probable that a transfer of economic bon•fits wll be rgquiftyj in sewement, and the amount of
the cdigaty'on can be measured reliaw.
Exwnditure 1$ dassified by acb'vity. The costs ol aach a(vrty a m¥4Je of the totsl ol direct costs arKI
shared costs, indLJing SUFWt costs inv¢)fved in undertirvJ each ath'vty. Threct costs attn"butatye to a single
ath.vity are allo¢8te(I directly to that acb'vity. Shared costs %thch conlritxrta lo MO than one activity aThJ
support costs which are not atlnbutablè to a $ingle are apFK)rtsOrd betsveen those acbvrtios a basis
consistent wth the use of resource5. Central staff costs are alk
THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcl•s IContinu•dl 1.6 Cash and c•sh •qulval•nt$ Cash arKI cash oquivalents indLwJ• cash in hand. ¢J¢p)srts held at call wth banks, oth8r short-tèmi Itquid invostments wth original maturits.es of three McthS cff $. and bank Ovefdrafts. Bank overdrafts are shNn within tjorrowngs in current liabilitios. 1.7 Employe• b•n•fft The cost of any unused hc4Kl8y 8rrtrtl8ment is recwised in the in vh'ch the omployee's swvices ¥e feceivod. Tgmiinabon berefils are fwnistrJ immediately as an expanse tho trust is demonstrably c4Thmittod to leminate the employment of an employee or to provido temination beneffts. TnJit• None ol the trustees lor any comKtsd wth Ifml r01¥•d any romun•ratK L¥ bon•fits from th• trust during th8 year. Employ••s Tho avgfap mmthly number of •mF4oy•es durirvJ th8 yww•s: 2024 Nurnbor 2023 Numb•r Tot There w•ro M •m0Y0•S %knse annu r•mur•rnb"rm was Ihan £aO,IMM). R•muneration of key m•n•g•m•nt p•r•onn•l The remuwthon of key managemant r$OoI was as f18.. R•lat•d party tr•nactbon• Thero wère no disdosable rtY dr( the year. Analy$l• of ch•ng•s In nfrt {d•btylund• The trust h•J no material dobt dunrwj the yw. Cash g•n•rnt•d from op•rnttOM 2024 2023 Result fc the ye Cash bsorbed by operntlorta