**Charity registration number 1175405 (England and Wales)**
## **THE ULLMANN TRUST**
**(A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Charity number**
M.P. Ullmann Dr. D.J. Sandler C.T. Sandler E.Z. Sandler J.R.S. Ullmann B.L.P. Ullmann L.M. Ullmann 1175405
## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1|
|Statement of financial activities|2|
|Balance sheet|3|
|Statement of cash flows|4|
|Notes to the financial statements|5 - 6|
## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 5 APRIL 2025**_
The trustees present their report and financial statements for the year ended 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The trust's objects are to further such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake, and on public benefit.
## **Achievements and performance**
The trust has not yet commenced any activities.
## **Financial review**
The results for the year and the financial position of the trust at the end of the financial year are shown in the Statement of Financial Activities and Balance Sheet on pages 2 and 3 respectively.
## **Structure, governance and management**
The trust was established under a "foundation" model constitution on 27 October 2017.
The trustees who served during the year and up to the date of signature of the financial statements were: M.P. Ullmann
Dr. D.J. Sandler
C.T. Sandler E.Z. Sandler J.R.S. Ullmann B.L.P. Ullmann L.M. Ullmann
The trustees have authority to appoint additional trustees as necessary based upon the requirements of the trust.
The trust is currently administered by seven trustees, as shown on the General Information page.
There are no restrictions imposed by the governing document concerning the way the trust can operate.
The trustees have full and unrestricted powers of investment as if they were absolutely entitled thereto beneficially.
The trustees' report was approved by the Board of Trustees.
M.P. Ullmann **Trustee**
12 September 2025
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## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 5 APRIL 2025**_
|**Unrestricted**
**funds**
**2025**
**£**
**Income from:**
Charitable activities
-
Total charitable expenditure
-
**Net income for the year/**
**Net movement in funds**
-
Fund balances at 6 April 2024
-
**Fund balances at 5 April 2025**
-
The statement of financial activities includes all gains and losses recognised in the year.|Total
2024
**£**
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-|
|---|---|
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## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET**
## _**AS AT 5 APRIL 2025**_
|**2025**
**£**
**Net assets**
**Income funds**
Unrestricted funds|**2024**
**£**
**£**
-
-|**£**
-|
|---|---|---|
|||-|
The financial statements were approved by the Trustees on 15 September 2025
M.P. Ullmann **Trustee**
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## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 5 APRIL 2025**_
|**2025**
**Notes**
**£**
**Cash flows from operating activities**
**Net cash generated from investing activities**
**Net cash generated from financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
**£**
-
-
-
-
-|**£**
-
-|
|---|---|---|
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**THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS**
_**FOR THE YEAR ENDED 5 APRIL 2025**_
## **1 Accounting policies**
## **Charity information**
The Ullmann Trust is a Charitable Incorporated Organisation registered with the Charity Commission for England and Wales. The public address is Piglet's Cottage, The Warren, Lathbury, Newport Pagnell MK16 8LD. The nature of the charity's operations and activities are detailed in the trustees' report.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the trust's [governing document], the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The trust is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **1.4 Income**
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
## **1.5 Expenditure**
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 is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are accounted for in the period in which they are incurred.
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## **THE ULLMANN TRUST (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.
## **3 Employees**
The average monthly number of employees during the year was:
||The average monthly number of employees during the year was:|||
|---|---|---|---|
|||**2025**|**2024**|
|||**Number**|**Number**|
||Total|-|-|
||There were no employees whose annual remuneration was more than £60,000.|||
||**Remuneration of key management personnel**|||
||The remuneration of key management personnel was as follows:|||
|**4**|**Related party transactions**|||
||There were no disclosable related party transactions during the year.|||
|**5**|**Analysis of changes in net (debt)/funds**|||
||The trust had no material debt during the year.|||
|**6**|**Cash generated from operations**|**2025**|**2024**|
|||**£**|**£**|
||Result for the year|-|-|
||**Cash absorbed by operations**|-|-|
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