REGISTERED CHARITY NUM8ER.' 1022142
Re
ort of the Trustees
Unaudlted Financial Statements
for the Year EndÈd 31 Dectmb&r 2020
for
Old Co15tonian Charitable Trust
MHA Mon8hans
Chartered Accountants
Fortescue Hous8
Court Street
Trowbridge
Willshire
BA14 8FA

Old Colstonian Charltable Tru
content$ of the Financial Statements
or he Year Ended 31 December 2020
Page
R8POrt of the Trustees
Independent Examiner's Report
Staternent of Financial Activities
Balance Sheèt
Notes to the Flnanclal Statements
6 to 11
D8tsi18d S¢atement of Flnan¢lal A¢tlvltle$
12

Old Co15tonian Charitable Trust
Re
ort of the Trust¢os
for the Year Ended 31 De¢ember 2020
The truslees present thelr report with th8 financial slalemenls ol the charity for the year ended 31 De￿rnber 2020. The
Iruslees have adopied the provision5 of Accounting and Reporting by Charib"es". Slalemenl of Recornmended Practic8
applicable lo ¢harilies p￿paring their accounts in accordan￿ with the Fin8n¢ial Reportiry Standard applicable in tho
UK an(J R&public of Ireland IFRS 1021 leffectiv8 1 January 20191.
OBJECTIVES AND ACTIVITIES
History of the Charlty and its Oblectlves
The Charity was sel up by The Old Colstonian SDciely who gifted it 25% of ils 8POrt8 ground at Mile Slraioht, Fillon.
Bristol. Part of the 5POrts ground was subseouenlly sold and the proc86d8 inv8St8d for th8 ben&fil of th8 Charity. The
r8rnaining sports ground and pavilion has been let on a 25 year lease frotn November 2010.
The objectives of the Chaiity ai8 widely drawn and are for the benefit of such charities or for charitable purpos8s as the
Trustees Shall in their ab501ute discretion from lime to lime think fil. The Trustees have had due regard lo the Charity
Commission's guidan￿ public benefit and have del&rmined that. for the time being, the piinapal beneficiaries of the
Charity will be Colslon's School li15elf a regisler8d charilyl and members of the public who wish their children to benefit
from an education al Colslon's School bul are unable lo afford th8 cost of independent education.
Significant activities
During the year the Charity prowded bursarie5 atnounling to £115,368, which enabled 16 deserving students lo attend
Colston's Schooj.
FINANCIAL REVIEW
Investments
Hargreaves Lansdown advises on inve51mant. The Trustees, investment powe15 a￿ govemed by th8 Trust Deed, which
pemiits Investments of whatever nature th8 Trustees at their absolute discretion think fit.
In 2009 £500.000 was invested with the obj8cl of 8n8uring that its fund$ continue to give ￿3$Onable ￿tuM$, with an
acceptab18 lev81 of risk, lo enable the Trust to have the financial slr8ngth lo meet its obje¢lives in the future years.
p8rform8nce of Ih8s8 inv8Stmenls is monitored regularly throughout the y8ar and the Trustees meet fomially al least
once a y88r ￿1th their investment adviser.
The Trust has granted a loan of £500.000 lo Colslon's School on the terms sel out in not8 10. Th8 Trustees have
•g￿ed to use the inleie51 rec81V8d to provide means tested bursarie5 referred to atK>Ve.
Flnancial posltlon
The fiTran¢ial position of the Charity 15 shown in the attached finan¢i81 $tslpmenls, which cotnply with current 51alulory
requ1￿MentS. the Charity's governing documents and Slalement of Recommended Practice Accounting and Reporbng
by Charitie8.
Th8r8 wa5 nel expenditur8 of [112.791 foi the year compared to n&t income of £1,211 in the previous year. At 31st
D8cemb8r 2020 the Charity had net assets of £1.097,03812019 £1,209,829).
The Charity has a requirement to relain reseNes lo fulfil 115 cornmiltnent lo provid8 on going burs8ri81 support lo
studen15 allending Co151on's School and lo meet polenlial liabilitie5 ￿lated lo its investment in 18nd and buildings. Free
reserves lexduding fixed èsset5 and inve51menl$l al 31st pe￿rn￿er 2020 were £36,70412019.. £64,302).
The Covid-19 global p8ndemi¢ has negatively irnp8Ct8d global economies and the mafket value ol the charitys
inveslm8n18 have declined. The Irustge5 will continue lo monitor the position ca￿l￿11Y bul are of the opinion that they
hav8 the funds to de81 with any financial impac15 frotn the pand6mic.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charily is goveined by a Trusl Deed dated 19 May 1993. Tru5t885 are recruited and appointed in accordance with
the Tru51 Deed. The statutory power of appointing new or additional trustees shall be exercisable by deed ex￿pt in
relation to the President, Tre8sur8r and Se¢relary of the Old Colstonian Society who shall b& Irusl8es by virtue of their
office.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1022142
Page 1

Old Colstonian Charltabl Trust
Ro ort of the Trustees
f r the Year Ended 31 December 2020
Prln¢lpal address
clo Colston's S¢h¢)ol
Slaplelon
8S9 18J
Tru5te8s
Simon Quinn- President
Mark Plenty
Douglas Lodge- Secretsry
Robert Jennings
Nigel Bacon
John Wright
Power to app(￿nI new trustees is vested in the Old Colslonian Society and will include al all timas the President.
Se¢￿tary, and Treasurer of the Society.
Inv8Stment Power5
As set out in the Tru51 Dead, the Trustees have absolute di8erelion in ￿spect of Trust monies requirfng investment.
Inilependent Examlner
Jatnes Gare ACA DChA
MHA Monahans
Charte￿d Accounlanls
Fortes¢ue House
Court Stroet
Trowbridge
Willshir8
BA14 8FA
Bankers
B8rclays Bank PLC
37 Milsorn Street
Bath
Investment advisers
Hargreaves Landsman Asset Management Limited
Approved by ord8r of th8 board ol trustees on....
and signed on its behaff by..
Jo
right- Trustee
Page 2

Inile
endent Exambnerfs Re
ortt
Old Colstonian Charltable Tru.sl
Independont examln$rfs report to the trustees of Old Colstonian Charitsble Trust
I report to the charity Iruslees on my examination of the 8ccounls ol Old Colslonian Charitable Trust Ithe Trust) for th8
year end8d 31 December 2020.
Responsibilities 8nd bas1$ of report
As the ¢hHrity trustees of the Trust you are responsibl8 for the preparation of the accounts in accordance wth the
requirements of the Charitie5 Act 20111'lh8 Acl'l.
I report in respect of my examination of th8 Trust's accounts carried out under section 145 of the Act and in carrying out
my examination I have followed all applicable Directions given by the Charity Cornmission under section 14515llbl of the
Act.
Independent •xamlnerfs 5tatoment
I have compl8t8d my 8xamination. I confim that no Tnat@rial m8tters have come lo my atten￿On in connection wth the
ex3tnination giving Tne cause to b81ieve thal In any material respecl..
accounting ￿cOrdS wero not k8Pt in respect of the Trust as required by section 130 of the Act.. or
the accounts do not accord with Iho8e ￿cOrds". or
the accounts do not cotnply with the appli¢able requireTnents concerning the fonr and conlenl of a¢¢ounts Sel
out in the Charities (Accounts and R8POrtsl Regulations 2008 other than any r&quir8menl that the accounts give
a true and fair view which is not a m811gr conside￿d as part of an independ8nl exafflinalion.
I have no concerns and have come across no other matters in ¢onne¢lion with thè exarninalion to which 8tt8ntion should
b8 drawn in this r8POrt in order to enab￿ a proper under818nding of the a¢counls to be ￿aChed.
James Gare ACA DChA
MHA Monahans
Charte￿d A¢¢ountsnls
Fortescve House
Court Street
Trowbridg8
Willshir8
BA14 8FA
Dale..
26 June 2021
Page 3

QlO_¢.ol ton.
n Charitsbl• Trust
Statement of Fln
nc181 Actlvltle
for the Y8ar Ended 31 December 2020
2020
2019
Total
fund8
Unr8slricted
fund
Notes
INCOMEAND ENDOWMENTS FROM
Donations and18gaue8
7,400
12,000
nvestrnent in(x>m8
43.559
58,898
Total
50,959
70,898
EXPENDITURE ON
Raising fund5
Inveslm8nl management costs
2.746
4,393
2.746
4.393
Charitable activities
Charitab18 2divitie8
118.557
107,096
Total
121.203
111,489
Net g8inslllosse51 on investments
142.4471
41.802
NET INCOMEIIEXPENDITUREI
1,211
RECONCILIATION OF FUNDS
Total funds brought lorward
1,209,829
1,208,618
TOTAL FUNDS CARRIED FORWARD
1,097,038
1,209,829
The notes fomi part of these financial statements
Pag8 4

Old Colstonlan Ch rl bl T
Balance Sheet
31 D8cemb8r 2020
2020
Unrestricted
fund
2019
Total
funds
Notes
FIXED ASSETS
Investments
Inve8lmenls
Investment pro￿rty
S¢xial investments
540,334
20,000
500,000
625.527
20,000
500,000
10
1,060,334
1,145,527
CURRENT ASSETS
Debtors
Inveslrnenls
Cash at bank
8.215
1.014
29.755
16,672
1,808
47,975
12
38,984
66.455
CREDITORS
Amounts falling due wrthin one year
13
12,2801
12,1531
NET CURRENT ASSETS
36,704
64.302
TOTAL ASSETS LESS CURRENT LIABILITIES
1,097.038
1.209.829
NET ASSETS
1,097,038
1,209,829
FUNDS
UtFr85tricted funds
14
1.097.038
1,209,829
TOTAL FUNDS
1,097,038
1,209,B29
The
nan
statements were 8pprov8d by the Board ol Trustees and aulhori59d for issue
and were 5￿Tred on its b&h8lf by.
on
Simon Quinn- Trustee
n Wright- Trustee
The notes form part of these financial st81ements
Page 5

Old Colstonian Charltable Tru
Note
to the Flnancial Statements
foi the Year Ended 31 December 2020
ACCOUNTING POLICIES
Basis of prep8rlng tho financial $tatem8nts
The financial slaternent5 of the charity, which is a public benefit entity under FRS 102. have been prepa￿d in
accordance with the Charities SORP IFRS 1021 'A¢tounling and Reporting by Charilies.. Stslement of
Recommended Practice appIl￿ble lo charili&g pr8paring their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effèctive 1 January 20191.,
Financial R8POrting Standard 102 The FinatTrcial R8porting Standard applicabl8 in the UK and Republit of
Ir81and' and the Charities Act 2011. The financial 5ts1emenls have been prepared under the historical cost
convention, with the exceptlon ol inveslments which arp includ8d at mark81 value, as modified by lh8 r8valuation
of certain 555els.
The fiTiancial 51aternents hav8 been prepaTrd lo give a 'lrue and fairt view and have departed trom the Charits'8S
IAGcounls and Report51 R8gulalions 200B only lo the exlenl requsred lo provide a 'true and fair view.. This
departure has involved following th8 Accounling and Fieporbng by Charities". Statement of Recomrnended
Practi￿ applicable to charitie5 preparing their 8ccount8 in atcordance with the Financial Reporting Standard
applitable in the UK and Republic of Ireland issued in Oclober 2019 rather than the Accounting and Reporting
by Charities.. Slatemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trust conslilules a publ1¢ benefit entity as defined by FRS 102.
The financial slat8ments are presented in steding which is the functional cutroncy of the charity and rounded lo
the nearest £.
The Iruslees consider that ther& 8re no mal8rial uncertainties about the Trust's ability lo continue as a going
concem. With respect lo the next year, th8 most significant areas ol untortainty that affe¢l the carry value of
assets held by the Tru51 ale the level of investment r8turn and the performance of investment markgts.
Incom8
All income is rgcognised in the Statement of Financial Activiti&5 once the charity has ent￿&m8n1 to ancs il 1$
virtually certain they will re￿1ve the Income and the monetsry valu8 can b8 m8asured with 5uffiaent rdkqbility.
Income wlth relat￿ expenditure
Where incotning resources h8v& related 8xpendItu￿ the income and related expendllure are reported gross in
the Staternent of Financial Activitie5.
Tax reclaims on donatlon$ and glfts
Income and tax reclairn5 are included in the Statem8nl of Financp81 AclNities al th8 same lime as the gift lo
which Ih8y r8181É.
Grant$ and donations
Grant5 and donation$ are only Included In the Stslement of Financial Activities when the charity ha$
unconditional 8ntiU8m8nt to the income.
Investment In¢ome
Thls Is included in the accounts wh8n r8r*ivable.
Investment galns and los$e$
This includes any gain or 105s on ihe sa18 of inv&strnents and any gain or los$ resulting from revaluing
investments lo market value at the end of the y8ar.
Expenditure
Liabilities ar8 recognisecf as expenditure 35 soon as there 15 a I￿al or constructive obligation committing the
ch8rily lo that 8xpenditu￿. il is probable that a transfer of econornic benefits will be required in settlement and
the amount of the obligation Can be measured reliably. Expenditure is accounted for on an accruals b88is and
has been classified under headings that aggregate all c051 related to th8 c8t69ory. Whore costs cannot be
directly attribu18d to P8rbcular hgadings they have been allocated to actNi118s on a basis con51Stènt with the use
of resouices.
charltable actlvltles l Grant5
The charity mee15 its obj8ctiV8s by providing grants to other organi5alion5 as Sel out in the Iru51ee5 report.
These are Dnly recognis8d in th8 accounts when a commitment has been made and there are no Gondilion5 to
be mel rebling lo the grant which r8main in the control ol the charity.
Grants offered subject to condits'on5 which have not been met at the year end date are noted as a commitment
tiut Th)1 accrued as expendituie.
Page 6
continued...

Old Cols
nlan Charitable Trust
N tes to the Finan
tstemenis . continued
or the Yezr Ended 31 December 2020
ACCOUNTING POLICIES- continued
Investm8nt property
Investment valuatlon
The investment property is valued on the b8S15 of ils rental vale. Listed investments are slated al market valu8
a5 advised by the InveslFnenl m8nager.
Taxation
The charity is 8x8mpl from tax on its charitable activitie5.
Fund accountlng
UnrestrKled funds can be used in accordanc8 with the charitable objectives at the dis￿lI0n of the trustees.
R88th¢led funds can only be used for particular reslricled purpose5 Within the objects ol the charity. Restrictions
aris8 when specified by the donor or when funds are raised for particular restr￿ted purposes.
Furth8r explanation of the nature and purp058 of e8ch fund is induded in the note5 to the financial statements.
Flnan¢lal Instruments
The tfU51 only has financial assets and financial liabiliti88 of 2 kind that gualify as b8sic financial inslrutnents.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Cash at bank and in hand
Cash al bank and cash in hand includes cash and short tenn highly liquid investments with a Short maturity ol
three months or les5 from the date of acqui511ion or opening of the dep0511 or sirnilar account.
Debtors and credltors recelvable I p8yable wlthin one year
Debtors and ¢￿dI10￿ with no statecl interest rale and ￿CeIVable or payabl8 within one year are recorded al
transaction price. Any losse5 arising from Impairtnenl ar8 recognised In expenditure.
DONATIONS AND LEGACIES
2020
2019
Donations
12,000
INVESTMENT INCOME
2020
2019
Rents r8ceiv8d
Loan inter851
Invesltnent interest
Investment dividends
1,612
25.000
12,338
4.809
2,290
31,713
18,124
6.771
43,559
58,898
INVESTMENT MANAGEMENT COSTS
2020
2019
Portfolio management
2.748
4,393
Page 7
continued...

Old Colstonlan Charitable Trust
Notes to thÈ Flnanclal Statements. ¢ontlnued
for the Year Ended 31 December 2020
TRUSTEES. REMUNERATION AND BENEFITS
Ther8 W8r8 no trusl88s' r8muner8tion or other benefits for th8 year ended 31 D8cernber 2020 nor for the year
ended 31 December 2019.
Trustees, expen$e$
There were no trustees, expenses paid for the year ended 31 De￿rnber 2020 nor for the year ended
31 Detsmber 2019.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestric18d
fund
INCOME AND ENDOWMENTS FROM
Donation5 and legac18S
12,000
Inv85tsnent incorne
58,898
Totsl
70,898
EXPENDITURE ON
Raising funds
Inveslm8nl rnanagement Costs
4.393
4.393
Charltable activitieg
Chaiilable actsvilies
107,096
Total
111.489
N$1 g8ins on investrnents
41.802
NET INCOME
RECONCILIAMON OF FUNDS
Totzl funds brought forward
1.208.618
TOTAL FUNDS CARRIED FORWARD
1.209.829
INDEPENDENT EXAMINER'S FEES
Independ8nl exsminerfs fees are £1,200 for indep8ndent examination 12019.. £1,020) and £1,080 for accounts
preparation12D19.. £1,080).
P8g8 8
continued...

Old Co15tonlan Ch
ble Trust
s to the Frnancial Statem
nts. contlnued
for the Year Ended 3q December 2
20
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
Al 1 January 2020
Additions
Disposals
Revalu81ions
625,527
15,663
158,4091
142,4471
At 310ec8rnber 2020
540.334
NET BOOKVALUE
At 31 De￿[llber 2020
540.334
At 31 De￿mber 2019
625.527
The￿ were no investment a5S81$ OUts￿e the UK.
INVESTMENT PROPERTY
FAIR VALUE
At 1 J8nu8ry 2020
and 31 December 2020
20.000
NET BOOKVALUE
Al 31 December 2020
20.000
Al 31 De￿rnber 2019
20.000
The Old Coistoni8n Charitable Trust own 18nd and buildings al Mile Straighl, Fillon, Bristol in partnership with the
Old ColstDni8n Soaety. The property is let lo a ¢ommunity sports dub on a 25-y8ar le88e expiring in 2035 and 15
regarded by th8 Trustee$ as an investment property, The property is subject to planning consents which reslrKI
ils futuro use and was therefore valued by GVA Grimley in 2010 on the basis of ils rental value rather than on an
open rn8rkel basis. The Trustees continue lo believe Ihal this valuation ba51S is appropriate.
10.
SOCIAL INVESTMENTS
Mixed
motive
investtn8nls
MARKET VALUE
Al 1 January 2020 and 31 December 2020
500.000
NET BOOK VALUE
Al 31 De￿[llber 2020
500.000
At 31 De￿rnber 2019
500.000
In 2009 the Trust advanced a loan to Co4slon'5 School. Th8 loan atlr3c18 interest ￿r￿ntlY al 5.OOWi per annurn
increasing annually in line with School fee Increases. The loan 18 valued at its original CDSt and is secur8d on
rtain long leasehold propert￿8 owned by Co151on's School.The final payment date was 24 July 2019 bul this
has been gxlended.
Page 9
continu8d.-.

harltsble Trust
Old Col8tonlanL..
Notes to the Financial Statements. continued
for the Year Ended 3f Oecember 2020
11.
DEBTORS.. AMOUNTS FALLING DLIE WITHIN ONE YEAR
2020
2019
Loan interest ￿Ceivable
Amount due frotn Old Colslonian
sooety
10,069
8.215
6,603
8,215
16,672
12.
CURRENT ASSET INVESTMENTS
2020
2019
Inve5tsnenl income sccount
1.014
1,808
13.
CREDITORS= AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
2019
Accrued 8XP8n88$
2,280
2,153
14.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.20
At1.1.20
Unrestrictsd funds
General fund
1,209,82g
1112,7911
1,097.038
TOTAL FUNDS
1.209,829
1112,7911
1,097.038
Nèl movement in funds. iTrclud8d in th8 above ar8 as follows..
Incoming
resources
Resou￿3
expended
Gains and
Ioss88
Movement
in funds
Unr8stTlCte¢J fund5
Gener81 fund
50,959
1121,3031
142,4471
1112,7911
TOTAL FUNDS
50,959
1121,3031
142,4471
1112,7911
Comparatlves for movement In funds
Net
movement
in funds
A11.1.19
31.12.19
Unr85trsCted fund5
General fund
1,208,618
1.211
1,209,829
TOTAL FUNDS
1,208,618
1,211
1,209,829
Page 10
continued...

olstonlan charitttb￿ Trust
Notes to the Flnan
for the Year Ended
tstemen
$-¢on
Inued
1 De¢ember 2020
14.
MOVEMENT IN FUNDS. continued
Comparative nel tnovetnenl in funds, included in the above a￿ as follows..
Incoming
resourc8S
Resources
8XP8nd8d
Gains and
Ioss8S
Movement
in funds
Unrestrlcted fvnds
General fund
70,898
1111,4891
41.802
TOTAL FUNDS
70,898
1111,4891
41.802
A current year 12 months and prior yèar 12 Tnonths combin8d position is as follows..
Net
V8rn8nt
in fund5
At
31.12.20
At1.1.19
Unrestrfcted hJnd8
General fund
1.208.618
1111,5801
1,097,038
TOTAL FUNDS
1,208.618
1111,5801
1,097,038
A current year 12 months 2nd prior year 12 month5 cornbined net movernent in funds, incJud8d in the above are
a5 follow5..
Incoming
resources
Resources
expencled
Gains and
5ses
Movement
in funds
Unr8strict8d funds
Gener81 fund
121,857
1232.7921
16451
1111.5801
TOTAL FUNDS
121.85T
1232.7921
16451
1111.5801
15.
RELATED PARTY DISCLOSURES
The Trustees ol the Old Colstonian Charitable Trust are also Committee members ol the Old Colstonian Society
from whom il received a donation of £7,400 during the year12019.' £12.0001.
Page11

Old Co15tonian Charltable T
Detalled Statement tsf Financial Activit185
for the Year Ended 31 Decornber 2020
2020
2019
Total
funds
Unreslricled
funds
INCOMEAND ENDOWMENTS
DonatioTrs and legacies
Donations
7.400
12,000
Investment Income
Rents received
Loan interest
Investment inleresl
Investment dividends
1,812
25.000
12,338
4,609
2.290
31,713
18,124
6,771
43.559
58,898
Total incoming resources
50,959
70,B98
EXPENDITURE
Inve$¢ment management cos¢$
Portfolio n)anagemenl
2,746
4,393
Charitable activitlB$
Bursaries
Grants and don81ions
115,368
850
103,214
1.7QK)
116,218
104.914
Support costs
Management
Independent exarnine¢s fees
2,280
2,101
Finance
Bank charyes
59
81
Total resources exp8nded
121,303
111.489
Nèt ir¥come
170,3441
140,5911
This page doe5 not form part of the statutory finan¢ial slalements
Page 12