REGISTERED CHARITY NUMBEFL. 1022142 toes and Unaudlted Flnan forthe Year cambor 2025 Idco Monah8ns Chartered Accountants County Gate Cwnty Way Trowbridge Wittshire 8A14 7FJ
Old Co15tonlan Ch*ltabl• Trust f th8 Flnanclal Slatsmen for IILYear Ended 31 December 202 Report of the Trustees Indepfjlld•nt Examin8rf5 Roport Ststsment of Flnan¢lal ActMtI•s Balance sheet Notes to the Financial Slalomerts 6 to 11 Delalled Statern ol Flnanclal Aclmlhs 12
Old Col• le Trtt ofthe nded 31 De forth•Y ber 2025 The trustees present their rewrt with the finandal statements of tre thodty for the year ended 31 December 2025. The trustees have adopted the prowsions of AccLwnllng and Reting by CharÈUes: Statement ol Recommended Practice applicable to charrties preparing Ihelr accx)unts in acwdanrE with the Financial Reporting Stand8rd atplicable in the UK and Republic of IrelaThJ (FRS 102) leffective 1 January 20191. OBJECTIVES AND ACTMTIES History of the Charity and Its Objectlves The Charity was set up by The Old Colstonian Sodety (now OC Souety) who gifted tt 25% of its spts ground al Mile Slraighl, Filton. Bristol. Part of the spJrt8 ground was subsequently sold and the pnxed$ invested for the benefit of the Charity. The remainng sFth5 gUnd and payi0 has been let on a 25 year lease from Nov8mber 2010. The objectives of the Charify wdety dra and are for the b8nefft of such tharities or for charitable purposes as the Trustee5 shall in their absotute disuetion from time to time think frt. The Trustees have had due regar(J to Ihe Chanty Commission's guidance on public beneffit and have determiTred that, for the time being. the principal benefiaaries of the Charity wtll be Collegiate Sthool (itseff a registered charity) and members of the public who wsh their children to benefil from an education at Collegiate School bLrt are unable to afford the cost of independent education. Slgnfficant aetlvltles During Ihe year the Charity provided buTrarie$ amounting to £87.173 whld) en8ed deseryrig sbjdents to attend Colegiale School. FINANCIAL REVIEW Investments Hargre8ve5 Lans(kwm advises on Investrnenl. The TNstee5' lnveStrrnt power5 are govemed by Ihe TNst Deed, whith penY4ls investrnenls of whatever nature TFUStees at their thohrte di8cT8ton think fiL In 2009 £500,C(M) was invested wth the cjeGI of ensuring that its funds wltinue ID grve reascmable relums. with an acceptable 18vel of risk, to gnable the Trust to have the ffinanaal strength to meet its 'eaS in the future yeats. The performance of these tiivegtments is monitored regu18riy IjghoUt the year and the Trustees meet forrn8lly at Feast once a year with Iheir investrnent advt5er. Th8 Trust has granted a ban of £500,000 to Collegiate Sd)cL)l on the lenns set out In rth)te 10. The Tn have agreed lo use the interest r1Ved to provide means tested bursarie$ referred to at4)ve. Flnanclal p05itlon The finanaal wsytion of Ihe Chaty is sh(Mn in the attached financial statements. vthich comFty wilh ¢UkTent slatulcry requirements, the Charws govemlng documents and Ststemenl of Recommended Practice Accounting and ReFQrtiNJ by Charities. There was TEI 8xpendilur8 of £10,154 for the year mPared to £24,856 in the prnmous year. At 31 December 2025 Ihe Charity had net assets of£895,07812024: £905,232). The Charity has a requirement to retain reserves lo fijlfil its commilrr*nt to tmide on wing bual yjpport to students attending Collegiate Sch(xJl and to meet potential liabilities related to its investment in land and buildings. Free reseNes (exduding fixed assets and inveslmentsl at 31st December 2025 were £23,127 12024.. £36.761). STRUCTURE, GOVERNANCE ANO MANAGEMENT The charity is wY8med by a Trust Deed dated 19 May 1993. Trust8es ar& recrutted and appointed in accordance with the Twst Deed. The statukry Fower cl aFwinting now or addibona trustees shall be eXerUSab by deed 8xcept in relation to the President. Treasur8r and Secretary of the OC Swety who shall be twstees ty viriue of Iheir office. REFERENCE AND ADMINISTRATIVE DEfAIL8 Regtstered ChaTIty numbgr 1022142 Page 1
Qld Colstonlan Charfta le Trust Re forthey Principal address do Collegiate SclM)ol Stspleton Bell Hi51 Bristol BS9 1BJ Tru$ttses Vishal BalaS1harn - Prestdent Andrew Thomas. Seuetary Marbn Tayler Robert Jennings John Wright Power to appoint new trustees Is ve8ted in the OC Sow and 11 Indude at all Ilmeg the PresKlen( Secretary, and Tr&qsurer of the ScKaety. Inv•stm8nt Powe As set out in the Trust Deed, the Trustees have abscAute discrelion in respect of Trust monies requiring investment. Independent Examiner James Gare FCA DChA Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ Bankers Barclays Bank PLC 37 Milsom Street lttvestment ad¥lsers Hargreaves Lansdown Asset Management Llmi Approved byorderofthe board cltrustees on............... ..... ............ .. and signed on its behf by". Martln Tayler- T Page 2
Ind• ndent Exam nerfs Re to tho Trulee8 of Colstonlan charlTrUst Independent examlnerfs report to tho ttee5 of Old Colstonlan Charftable Trust I report to the ch8rfty trustees on my examlnation of the ac£ounts of Old Colstonian Charitate Trusl (the Trust) for the year ended 31 December 2025. Responslbllltlos and basss of report As the charity twstees of the Trust you are respc7sible the preparauon of the accourts in attrdance with the requirements of the Charities Act 2011 Ilhe Act). I report in r¢$Fe¢t of my 8xarnina1iLffi of the Trust's acLwnts carried out unts secti 145 cl the Ad and in carrying out my examination I have followed al applbGable Diractions given by the Charity C(¥nmission under S¥tion 14515llbl of the Act. Independent •xamInaS SLeMent I have completed my examinati. I confimi that no material matters have lo my attention connecti( with the examination giving me Ise to believe that in Y material resFect'. accounting records were not kept in respect of the Trust as required ty secti 130 of *rt. c the aw)unts th) not accord with those records: or the arLounts do nol comply wilh Ihe appl¢¢able requirements con(xning the form and content of accounts set oul the Charitses (Accwnls and ReFMxls) Ragulatic 2008 other than any requirement that the accrAJnts give a trw and fair view whith is not a matter cx)nsideTed as part of an Indent examination. I have no 0)nrn$ and have come across no other matttts in eL)nnection vitth the examinaticn to whlth attention be drawn in this report In order io enable a proper understandlng of the accounts lo be reached. James G8re FCA DChA Monahans Chartered Accountants County Gate County Way Trowbridge Willghire BA14 7FJ Date.. 22 April 2026 Page 3
Old Colstonlan charttab Tnt mgnt ol Flna 2025 2024 unrestric Tot fund funds Notes INCOME AND ENDlYMEfs FROM Llonalvjns and legacies 11.236 35.406 Investment income 45,062 46,798 Total 82,204 EXPENDITURE ON Ralslng fvnds Investsnent management costs 1.172 2,510 1.1n 2.510 Charitablfr aGtivbties Charitable activities 91,216 115,699 Total 118,209 Nat gains on investments 25,936 11.149 NET INCOMEI{EXPENDrruREI (10,1541 (24,8561 RECONCILIATION OF FUNDS Total funds brought foThvard 90&232 930,088 TOTAL FUNDS CARRIED FORWARD 895.078 )5.232 The notes lo part of these financlal sL8tements Page 4
Old Colstonian Cha • Trust 31 Docombor 2025 Unrestrkted fijnd 2024 Total fjJnds Notes FIXED ASSETS Investments Investments Investment property sla1 investments 351.951 348.471 10 871,951 868,471 CURRENT ASSETS Debtors Cash al bank 11 2,180 24.398 6,527 33,522 26.578 40,049 CREDrroRS Amounts faIlw due wlhin one year 12 (3,451) 13,288) CURRENT ASSETS 23.127 36,761 TOTAL ASSEfs LESS CURRENT LIABILITIES 895,078 905.232 NEf A88ET8 895.078 5.232 FUNDS Unrestficted funds 13 895,078 905,232 TOTAL FUNDS 895.078 905.232 Thefi ancial ststements wwe approved by the Board of Trustees and autIMJri for issue on and were sKJned its behalf by. Vishal Balasingham- Trust88 Man Taer- T The note$ fomi part ofthese financial statements Page S
Qld Col$tonlan Charltable T o&lothLFlnanclal Stats rE 31 ACCOUNTING POLICIES Basis of proparing th• flnanclal sLments The financial statements of the charity, lch ts a public benefft entrty under FRS 102, have been prepared in a(wrdance wth the Charities SORP {FRS 1021 'ArLounting RwrtirvJ by Charties: Statement of Recommended Practice appCable to charilies preparing their accounts in $ran wth the Financi81 Rewrting Standard applifxble in the LK and Republic of Irdand (FRS 102) leffectNe 1 January 2019)., Financial R8POrting Standard 102 The Finanaal Rerth'ng Standard applicable in the UK and Republic of Ireland. the Charilies Act 2011. The financ4al statements have been prepared under the histori1 cost convention, wth the ex(wtw of inveslments which are included at matsl value. as nKrflified ty the revalvation of rfjrtain assets. The fttwndal statements have been prepared to gve a Iwe and faltr view aThJ have departed from the Chaiities IAcc4JJnts and Reports) Regulations 2008 1)nly to the extent required to rKovide a and fair viev/. This depture has invthed folb)witig tr)e Acwunting and Rep(xtiro by Charilies: Ststement of Recommended Pradce applicable lo charit8 preparing their aCLnts in acrdanCe vlth the Firrancial Reporling Standard apIcable in the UK and RewbliG of Iland issued in October 2019 rather than the Ac£ounting and Reporting by Chaiibes". Statement of Recommended Pr•xlce effective from 1 April 2005 which has sin¢J8 been thdraWn. The trust )nstituteS a pubknc benefft entity as defin•J by FRS 102. The financial statements are presented in ster1W Is tr functional currency of the tharity arml rounded to the nearest £. The trustees consmjer that there are no matsrial uncertainties aiK)ut the Trusfs ablty lo csNrtiwe 8$ 8 going conrn. With $pert to the nex1 year, the most shJnrFKant arèas of uncwtainty that affect 1he cary value of assets held by Trust are the level of Investment retum and the perfornance of investment markets. Income All incom8 is recognised in the StalennI of Financial Activities once the tharity has entitlwrnnt to and it is probable they will receive the inoome 8nd the monetary v81ue can be measured wth Suff reliamlity. Income with rglated èxpendlture Where inwmlng resour$ have related expenditure the inrAxne and related ewdittye are reported gross In the St*ement of FThrdal Athtie& Tax reGlalms On donadons and gffts Income and lax redaims ¥e nduded in the Slatement of Financial Activit at the same tine as the gift to vthith they reL9te. Grants and donatlons Grants and donations are ClY Induded In the Statement of Flnandal Acfvbes vrtn the rjwty has uncondonal entement to the incKJme. Investment Income This is indude(l in the alUnts vthen receivabk8. knvestment galns and lossos This includes any galn or loss on the sale of investments and any gain rK Ios5 reSUng from revaluing invesknents lo market value at Ihe end of the year. Page 6
01 Istonlan Charitable Trust to tho Flnanclal StateeD1ti nd d 31 Dec8mb•r 2025 ACCOUNTING POLICIES- Contlnuod Expendltwe Liaknlities are recognised as expenditur8 as %)on a5 there is a legal or LX)nstrnctive otAigation commlttlng the tharity to that expenditure, it is probable that a transfer of econ0n¢ neffts wll be required in settlement and the amount of the ¢JtAigalon can be measured rellay. ExpendiluTe is acc4)unted for on an accwals basis and has Ixen dassrfd under headings Ihal aggregate all cost related to the category. whe ujsts nn0t be directy attribuEed lo tilar headings tw have been allctated to activibes on 8 basls (nSIstenI the use of resovrces. Charltsble aCtfvI0s l Grants The charity meels its objectives by provTrding grants to other anIsationS as set in th8 truste8S report. Thgse are onty rethgnised in the accwnts when a commitrnent has been made and there are no condits'on5 to be met rdaling to the grant V4hich remain in th8 ntrol of the tharrty. Investment property Investment valuatlon The inveslmanl property is Wdlued (N) the basis of its rental val8. Listed investments stated at market value a5 advise(I by the inveslment manager. Taxatlon The chartty is exempt from tsx on Its Laritable actNities. Fund accountlng Unrestricted funés can be used in accordance wtlh the charit&)le objectives at the discretion ol the tW5tees. Restricted fund5 can onty be used for particular restrided pu$ wiltmn the ckniects of the charty. ReSl¢tnS arise when specthed by the donor or when frjnds are raised for particular restllcted purpose& Further extd8nakn of the nature and purpctse of each fund ts included in the noles to the finandal statements. Flnanclal instrum Th8 trust only has fan81 ass8ts and financial liabilitres of a that qualify as baslc ffinancial insljuments. Basic financial instruments are initially recognised at transa¢AKJn value and subsequentty measured at their settlement V8lu8. Cash at bank and In hand Cash at bank and cash in hand indudes arKI short term high fiquid inv6sknents Iwth a short fTwlurity of three months or less from the dat8 of acqui5itiLM or opening of the deF#)Sit or similar acrnunt. Dgbtors and ¢redltors recelvable I payable Tlthln on year Debtors and creditors with no statad interest rdle and rer£ivable or payable wthin ce year are rewrded at transaction price. Any losses arising impaimient are recr>Jnis8d in exp6nditrJre. Page 7 (ntinued...
Qld Colstonlan charkab Trust ot0FInon¢I1 St4tgmwits :. 31 DONATItJYS AND LEGACIES 2025 2024 Donations 11,236 35.406 INVESTMENT INCOME 2025 2024 Rents reNed Loan interest Income from investment portloflo untts Interest on investment cash depostts 1.955 29.293 13.751 30,0j 14,678 75 45.2 46,798 INVESTMENT MANAGEMENT COSTS 2025 2024 Portrolio managemerrt 1,172 2.510 TRUSTEES. REMUNERATION AND BeNEFrrs There were no trustees. remun8ratlon or other bwfft$ for the year ended 31 D8ber 2025 rKJr for the year ended 31 December 2024. Trust•8s' expons88 Thoro were no trustees. expenses patd for Ihe year ended 31 Decenthr 2025 nor ts the year ended 31 Dember 2024. COMPARATNES FOR THE STATEIIENT OF FINANCIAL ACTMnES Unreslricted fur INCOME AND ENDOWMENTS FROM Donai"ons and legaGies Investment income 46,7 82,204 EXPENDuRE ON Raising funds Investment managemenl wsts 2,510 2.510 Charftsble actlvltlos Charttsbb activiknes 115,699 Total 118,209 Net gans on investments 11.149 Page 8 Contin1...
Old Col•ton Charltable Tt for the Year En 1 December 2025 COMPARATNES FOR THE STATEMENT OF FINANCL4L ACTlVtriES- ¢onllnu¢d Unrestrlcted fund NET INCOMEI(EXPENDITUREI {24,856) RECONCIuATN OF FVNDS Total funds brought forward As prevthsly reported Prior year adjuslment 926,762 3,326 A8 restated 930.088 TOTAL FUNDS CARRIED FORWARD JS,232 INDEPENDENT EXAMINER'S FEES Independènt examlnerfs fees are £1,726 for independent examination (2024.. £1,644) and £1,726 for AC¢OLuts preparalion {2024: £1.6441. FIXED ASSET INVESTMENTS vestments MARKET VALUE At 1 January 2025 Disposals RalUatiOnS 348,471 {22,456) 25.936 At 31 December 2025 351,951 NET BOOK VALUE At 31 December 2025 351,951 At 31 December 2024 348,471 There were no investment assets outside the UK. INVESTMENT PROPERTY FAIR VALUE At 1 January 2025 and 31 December 2025 20,OC NET BOOK VALVE At 31 DeCemr 2025 20.000 At 31 Docember 2024 20,000 Page 9 c¢ntlnued...
Old Colstonlan chalkab T e Flna ntln 1 Decem INVESTMEPU PROPERTY- contlnuod The Okl Colstonian Charitable Trust own land and bLildings at Mile Straigm, Flton, Bristol in patlnership wth the (X Swety. The propety is let to a community sports cb on a 2&ye8r lease expiring in 2035 and is regarded by the Tru51ees as an inv8Stment property. The I0F is subject to planning consents which reslriLt its future use and was therefore valued ty GVA Grimiey in 2010 on the basis of its rental value rath8r than an open rnarkel basis. The TTuslees continue to belteve that this valuation basis is appropriate. 10. SOCIAL INVESTMENTS Mlxed Investmenis MARKET VALUE At 1 January 2025 and 31 Dember 2025 NEf BOOK VALIJE At 31 Decembe¥ 2025 At 31 D8cmber 2024 In 2023 Ihe Trust advarttd a to Collegiate Sthwl. The low altrdcts hterest cUen11Y at 6.1 per annum increa$ing annually in IK)e wilh Sccol fee increases. The loan 15 valued al its original c4)st and is secured on a loThJ leasehold prop8rty tYad by Collegiate SchLKJI. Th8 al date ol repayrnnt is Juty 2029. 11. DEBTORS: AMOUNTS FALLING DUE wrtHIN ONE YEAR 2025 2024 Grft aid redaimatAe Amount due from OC Souety 225 1,955 2,021 2,180 6,527 12. CREDITORS". AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Accrued expenses 3.451 3.288 13. MOVEMENT IN FUNDS At 31.12.25 At 1.1.25 in fuThJ$ Unrèstrl¢t•d fvnds General fvnd 905.232 (10.154) 895,078 TOTAL FUNDS 5.232 (10.154) 895,078 Page10 ctin...
Old Colst lan Chaiilable T s to the Financlal S for the Year Ended 31 Decomr 2025 13. MOVEMENT IN FUNDS- contlnu¢d Net movement li funds, inded in the above are as follows". Inccxning Resources resources expended Gairts and losses Movement in funds Unrestricted funds General futyj 56,298 (92,388) {10,154) TOTAL FUNDS 56.298 {92,3881 25,936 (10.154) Comwatives for movement in funds Prior year adiustrnent Net movement in funds At 31.12.24 At1.1.24 Unrostricted funds General fund 926.762 3,326 124,856) 905,232 TOTAL FUNDS 926.762 3,326 (24,8561 5,232 Comparative net movemenl li fijnds, inckjded in the aLxJve are as follows.. IrKomir resources Resources Gains and MOVent expended in ftjnds Unrestrictod fvnds General fvnd 82.204 (118.2091 11,149 (24,856) TOTAL FUNDS 82.204 (118,2091 11,149 (24,8561 14. RELATED PAKTY DISCLOSURES The Trustees of the Old Colstonian Charitatle Trust are 8180 committee members of OC So(aety from whom li received a donation of £10,000 12024: £14.0) and a Share r1p1 of £2,021 {2024.. £14,111). Page11
Old Colstonlan Ch•rltoble Trust Il•d Stat•mènt of Fl forthe Year an 2025 2024 Tcrtal fijnds fijnds INCOME AND ENDOWMENTS Donatlons and legacles Donations 11.236 ITrv8Stm•nt incom• Rents rerEwed Loan interest Income fr1 investment ENMfolio units Interest on investrnent cash dewsils 1,955 29,293 13,751 63 1,955 30,090 14,678 75 45.062 46.798 Total Incomlng resources 56,298 82,204 EXPENDrruRE Investment management costs Portfolio management 1.172 2,510 Charltsbl• actlvltlas Bursaries Donations 87.173 572 111.623 758 87.745 112,381 Support C08ts Managomenl Independent examinerfs fees 3.210 Flnance Bank charges 102 Total resources expendad 118,209 Not in¢om• beforn gains and l¢)sses (36.09]) (36.005) Reallsed rocognl8•d galn8 and10ss•$ Realised gain[&5&5) on fix8d awt investments 25.936 11.149 Net incom• {10.154) (24,8561 Thi8 page does not fomi part of the statutory finonrial statements Page 12