REG15fERED COMPANY NUMBER.. 1138LNJ70 (England and Walès} REGISTERED CHARITY NUMBER- 1179208 REPORT OF THE TRusfEES AND FINANaAL 5TATEMEp¥fs FOR THE YEAR ENDEO 31 DECEMBER 2024 FOR THE GEORGE AND sU￿N GWCK FOUNDATION MGR Weston Kay LLP Chartered Accountants 55 ioudoun Road St John's Wood London NW8 ODL THE GEORGE AND SUSAN GLUCK FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER2024 Reference and Adrnini5trative D￿all5 Report of the Trustees Indèpendent Examiner's Report Statement of financial Artivities Balante Shèèt 6 to 7 Note5 to the Flnanclal Statements THE GEORGE AND SUSAN GLUCK FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THEYEAR ENDED31 DECEMBER2024 TRUSTEES G A Gluck S Gluck REGISTERED OFHCE 4 Hill Street London WIJSNE REGISTERED COMPANY NUMBER 1138LK170 (England and Wale51 REGISTERED CHARITY NUMBER 1179208 INDEPENDENT EXAMINER MGR Weston Kay LLP Chartered Accountsnts 55 Ltsud￿n Road St John's Wood London NW8 ODL Page I THE GEORGE AND SUSAN GLUCK FOUNDATION (REGISTERED NUMBER: 113800701 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also dirertors of the charity for the purposes of the Companies Act 21￿, present their reptrrt with the financial statements of the charity for the year ended 31 December 2024. The=ru5tees hive adopted the provi5ion5 of Accounting and Reporting by Charitie5'. Statetnent of Recommended prartI￿ 3ppli-able to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. oBJE￿IVEs AND ACTIVITIE5 Thè objectives of the foundation are.. l.To advance education in the arts in 3ny part of the world bv.. Promoting and furtheiing the understanding of the arts. including without limitation works of the Art Nouveau and Art DecD Periods. Acouiring and maintaininE land if thought appropriate by rhe Directors). disposing of. works of art, includinE Wlthout limitation work5 of the Art Nouveau and Art deco periods. Establishing and maintaining a sitelsl for the exhibition of any or all of such works of an. Lending any such. 2.To make grants to bodies that ère recogrbized as charitablè accordingto the law5 of EngLand and Wales. 3.To prornote such other purposes in any part ol the wodd as are charitable according to the laws ol England and Wales. ACHIEVEMENTS AND PERFORMANCE The Charity received additional funding from one of its founders dunnE the 2024 year and made donations to 20 other charities during th3t year. The tru5tee5 believe thatthese donatLOn5 will help to improve the livès of m3ny people in the future. FINANCIAL REVIEW As detailed in the Statement of Financial Activities, the Charity's reserves at the year-end amounted to £73,28812D23.. £36,662) of unrestricted funds. The Charity will hold these reserves and fijrther funds as they are received as a buffer f¢* operating costs and tL> distribute in line with the objettives of the foundation. STRu￿URE. GOVERNANCE AND MANAGEMEP4T The Company 15 a registered charity INO. 11792081. and a private company lifflited by guarantee without share capital. The governing document is the company Articles of Association dated 30th Ottober 2018. The trustees who seThed during the yeai and up io the dale of signature of the tinan(i31 Matements were= G.A. Gluck S Gluck None of the Trustees have been dirett benefiiiaiies of the Charity duwing the year or the preced1￿￿ year. No Trustees received anv remuneration from thè Charity during the year12023 £Nill. A Trustee 15 appointed by recommendation of the Trustee5. ￿ by propDsal of a Trustee entitled to ¥ote at 3 tneeting of the Charity. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tru5tèé5 Iwho are algo the dirertors of Thè George and Susan Glutk Foundation lor thè puiposÈs of Company lawl are responsible for preparing the Report of the Tru5tee5 and the financial 5tatewn2nts in accordance with applicable law and United Kingdom Accountin6 Stindards (United Kin8dom Generally A(￿pted P£counting Pratticel. Page 2 THE GEORGE AND SUSAN GLUCK FOUNDATION (REGISTERED NUMBER: 113800701 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILinES- continued Company 12w requires the trustees to prepare lin2ncial statements for each financial yèar which give a true and fair view of the state ol affair5 of the chiritBble company and ol t￿e incoming resources and application of resource5. including the income and experbditure, of the ch3ritable company for that period. In preparing those financial 5tatement5, the tru5tee5 are requiied to 5elecl 5Ultable accountin8 policies and then appty them consistently. obsefve the methods and principles in the Charity SORP.. make judgement5 and estimate5 that are reasonable and pru¢Jent: prepare the financial statements on the goin8 concern ￿51$ unless it is inappropriate to presume that ihe charitable company will continue in busine55. The trustees are responsible for keepin8 proper accounting records which disclose with reasonable accuracy at any time the financial positicTrn cTrf the charitable company and to enable them to ensure that the finanoal statements comply with the Companies Act 2006. They are also responsible lor Safeguarding the 355et5 of the chartlable cornpany and hence foi taking reasonable step5 for the prevention and detection of fraud and other irregulariiies. Appioved by arder of the board of trustees on 31 July 2025 and si8ned on its beh3M by= G A Gluck- Trustee Page 3 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE GEORGE AND SUSAN GLUCK FOUNDATION Independent examiner's report to ihe trustees ofThe Gew8e and Susan Gluck Foundation I'the Company. I report to the charity trustee5 on my examination of the accounts of the Cofflpany lor the yebr ended 31 December 2D24. Responslbllitles and basls of ￿pOrt A5 the ch8rity'S trustees of the Q>mpany land a150 it5 dirertors for the purpD5e5 of cornpany IBW) you are re5POllsible for the preparation ol the accounts in accordance with the-equirements of the Companies Act 2(X)61'the 21X)6 Act'l. Having 5at15fied myself that the accounts ol the Company are not renuired to be audited under Part 16 of the 2006 Art and are eligible foi independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 20111.the 2011 Act'l. In carrying out my examination I have followed the Direclions given by thè Charity Commission under Section 145151 Ibl of the 2011 Act. Independent Examiner'5 5taternent I h3v? completed my examination. I confirm that no matters have corne to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respe￿ of the Company as reqUI￿d by Section 386 of ihe 2006 4ci,' or the accounts do not acC￿d with those records- or the accounts do not comply with the accountin8 requirements of Seclion 396 of the 2CM36 Act other th3n any requirement that the account5 give a true and fair view which Is not 3 matter considered as Part of an independent examin3titsn,' or the accounts have not been prepared in accordance with the methods and principles of rhe Statement of Recommended Practice for accounting and reporting by ctrarities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have ncTr contrrns and have come across no other matters in connectK*n wilh the examination to which attention shoLJld be drawn in this report in Drder to enable a proper understandin8 of the accounts tD be reached. Nigel Waifisi FCA MGR Weston Kay LLP Charrered AccDUntants 55 Loudoun Road St John's Wood London NWSODL 31 July 2025 Page 4 THE GEORGE AND SUSAN GLUCK FOUNDATION STATEMENT OF FINANCIAL ACTIVITrES FOR THEYEAR ENDED31 DECEMBER2024 31.12.24 31.12.23 Total funds Unrestricted fund Nt)tes INCOME AND ENDOWMENTS FROM Donations and legacies 47,369 22,875 Investment Income Total I.LK17 48.376 494 23369 EXPENDITURE ON Charitable artivrties Donations paid to other charities 9,650 6,085 Other Total 2.100 11,750 6,085 NET INCOME 36,626 17284 RECONCILIATION OF FUNDS Total funds brought forward 36,662 19,378 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial statements Page S THE GEORGE AND SUSAN GLUCK FOUNDATION (REGISTERED NUMBER: 113800701 BALANCE SHEET 310ECEMBER 2024 31.12.24 31.12.23 Total funds Unrestricted fund Nt)tes CURRENT ASSErs Debtors Cash at bank 9,474 65.914 75,388 4,575 32,087 36,662 CREDITORS Amounts falling due wthin one year 12.1001 NET CURRENT ASSEfs 73,288 36,662 TOTAL ASSEf5 LESS CURRENT LIABILITIES 73.288 36,662 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 73.288 36,662 The charitable company is entitled to exemption from audit under Sertion 477 of the Companies Act 20D6 for the year ended 31 December 2024. The members have noi required the company to obtain an audit of its financial 5taternent5 for the yeaf ended 31 December 2024 in accordance with Section 476 of the Comp2niÈs Act I(￿6. The trustees acknowledge their responsibilitie5 for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2￿6 an(1 preparing financi31 statements which give a true and fair view of the state of affair5 01 the charitable company as at the end of each financial year aThJ ol its surplus or deficii fo- each financial year in accordance with the requiremenis of Sections 394 and 395 and which otherwise comply with Ihe requ1￿MentS of the Companies Act 2¢))6 relating to financial staternents, 50 far as apFAicable to the charitable company. The notes form part of these financial statements Page 6 continued.. THE GEORGE AND SUSAN GLUCK FOUNDATION (REGISTERED NUMBER: 113800701 BALANCE SHEET- continued 310ECEMBER 2024 These financi315tatements have been prepared in ￿CordanCe with the provisions applicable to charitable companies subject tD the small companie5 regirne. The financial statements were approved by the Boaid of Tiustee5 anQ authorised foi issue on 31 July 2025 and were signed on it5 behalf by.. G A Gluck- Trustee The notes form part of these financial statements Page 7 THE GEORGE AND SUSAN GLUCK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER2024 ACCOUNTING POUCIES 8a5is tsf preparinE the financial 5tstements The financial statements of the charitsble company, which is a public I￿nefit entity under FRS 102. have been prepaied in accordance with the Charities SORP IFR5 1021 'Accounting and Reporting by Charities.. Ststemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecti¥e l January 20191,. Financial ReptsrtinE Stafbdard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companie5 Act 2(X)6. The firbancial statements have been prepared under the historical cost convenibon. Income from donations is included in Inco￿ when receivable, except as tollows- When donors impose conditions that have to be fulfilled before the charity becomes entitled to use such income and the income is defer￿d. Interest income is accounted lor on an accruals basi Expenditur Expènditure is Included in the Statèment of Financial Activities on an accrual basis. inclusive of any VAT that carbnot bè covered. Grants Offered subject to condition5 which have not been met at the year end date are noted a5 a comrnitment but not accrued a5 expenditure. Governance costs Governarn￿ costs are tlK)se costs incurred in the management of the charity's assets. organisational administration and compliance with constitvtional and statutory requirements. Taxation The charity is exempt from tax on income ènd gains falling Within the Taxes Act 1988. s.505 or the Taxation of Chargeable Gains Act 1992, s. 252 to the extent that these are applied to its charitable objectwes. The charity 15 not VAT registered. As such the expenditure 15 slv)wn inclusive of VAT. Fund accountin Funds held by the charity are unrestricted general funds. These are funds which can be used in accordance with the charitable object5 at the discretion of the directors. DONATIONS AND LEGAaE5 al.￿.14 31.12.23 Donations Page 8 continued.. THE GEORGE AND SUSAN GLUCK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED31 DECEMBER2024 INVESTMENT INCOME 31.12.24 31.12.23 Inteie5t income 494 TRUSIEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts ft)r the year ended 31 December 2024 nor for the year ended 31 December 2023. TRUSIEES The avera8e number of twstees durin8 the period was 212023.. 21 No trustee expenses have been incurred during the peiiod. EMPLOYEES There were no employees during the year. DEBTQR5'. AMouNf5 FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Otherdebttsr5 9,474 4.575 CREDITORS: AMOUIIT5 FAWNG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Accruals and deferred income RELATED PARTY DISCIOSURES Related party transactions for the year amounted to £47.36912023.. £22,875) received in donations from Trustee G A Gluck io. CHARtrY INFORMATION The GeDrge and Susan Gluck Foundation 15 a private company limited by guarantee and incorporated in England. The registered office is 4 Hill Street. London. 5N. These financial statements are prepared in stertin& which is the fUnct￿nal currency of the Charity. MDnetary amounts in these fbnancial statements are rounded to the nearest £. Page 9 This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of the Companies Act 2006.