**REGISTERED CHARITY NUMBER: 1048552**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 30 September 2025**
**for**
## **Old Centralians Trust**
Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
**Old Centralians Trust**
## **Contents of the Financial Statements for the Year Ended 30 September 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Notes to the Financial Statements**|9|to|15|
|**Detailed Statement of Financial Activities**||16||
**Old Centralians Trust**
## **Report of the Trustees for the Year Ended 30 September 2025**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Object**
The Old Centralians' Trust is a registered charity founded for the purpose of providing financial support to the students and, in special circumstances, members of the academic staff of the Faculty of Engineering of Imperial College, London (formerly known as the City & Guilds College).
The charity's overriding priority, as laid down in its founding deed, is to provide grants to students who face exceptional financial difficulties through no fault of their own.
In addition to this, grants are provided to assist individual students or groups of students who wish to travel to conferences, undertake sport or leisure activities, or broaden their minds through adventurous or challenging activities or projects. Such activities were valued by the Trust's benefactors when they attended College, and many bequests gave guidance on the type of activity their money should support.
## **Source of Funds**
Fund-raising is not carried out in any formal sense. The income of the Trust arises from legacies, donations given in memory of former members of the City & Guilds College Association (an independent alumni body for students and staff of the former City & Guilds College), regular Gift-Aided contributions from alumni, and from the income and growth on investments accrued from these sources.
The Trust's investments are managed by a sub-committee of the Trust Board, who implement a strategy to meet the Trust's requirements of a target level of income whilst at the same time maintaining the underlying value of the investment portfolio. The strategy is reviewed from time to time by the sub-committee in consultation with their investment advisors, but in essence the approach taken is to take a long-term view, maintaining a sensible level of annual expenditure of around 3% of total reserves, leaving a balance to meet management costs and to provide for long-term growth to counter inflation. This approach allows cyclic fluctuations in the stock market to be viewed without undue concern.
During 2024-25, there was one bequest of £100,000 (23/24: £0). This came from the estate of the late Leonard Fuller (an Imperial Mechanical Engineering student who graduated in 1960). The sole directive of the bequest was to benefit specifically Mechanical Engineering students at Imperial, within the wider brief of the Trust. The General Fund received 6 modest donations totalling £38 (23/24: £163 from 8 donors). Regular donations were also received for the benefit of the City & Guilds College mascot - a 1902 James and Browne motor car known as 'Boanerges' ('Bo' for short). These were allocated to the Trust's restricted 'Ford Fund' and totalled £2,108.44 (23/24: £2,243) before gift aid. From time to time, significant works are needed to Bo. However, following the very extensive restoration work supported by the Trust in 22/23, there were no calls for expenditure on Bo from the Ford Fund during the year (23/24: £0).
Page 1
**Old Centralians Trust**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The trustees confirm that they have complied with their duty under Section 4 of the Charities Act 2011. They have considered the public benefit guidance published by the Charity Commission and believe that they have followed its guidance. The Trustees' report gives a description of the activities undertaken by the charity during the year in furtherance of its charitable purposes, and the Trustees are satisfied that all such activities are in compliance with the stated objects of the Trust and that they provide public benefit.
## **Results for the year**
The Trust's finances have continued to be in a satisfactory state, although lower performance of investments with CCLA in the second half of the year has raised concerns. The overall value of the investment portfolio rose during the year by 3.12% (23/24: 9.49%), including withdrawals for operating expenses.
It is the opinion of the Trustees that the objectives of the Trust can continue to be met for the foreseeable future.
There is good recognition across the campus, amongst both students and staff, of the Trust and its ability to provide help and support. Students continued to engage in overseas travel for expeditions and conference attendance, and the Trust distributed £52,727 (23/24: £55,245) in support of this broad range of activities.
## **Hardship**
There were three applications for hardship assistance received during 2024-25, with £8,500 (of which £1,000 was for two loans of £500, both repaid) awarded to three students (23/24: £18,675 to six students). These awards were for significant hardship assistance and made a very appreciable difference to the lives of the recipients.
## **Statutory Awards**
Engraved tankards and/or monetary awards were given to four students under the headings of: the Holbein Memorial Award; the Peter Moore Memorial Award, the John and Frances Jones Prize and the Fellows of the City & Guilds of London Institute Centenary Award. These last two are funded by, respectively, the Imperial College Registry (which still maintains the original legacy fund given by John & Frances Jones in 1935) and the 'FCGI Witchell Fund' held within the Trust.
## **Student Activity Awards**
These awards were once again offered, based on nominations submitted by Senior Tutors, to two undergraduate students in each of the ten Departments of the Faculty of Engineering. The maximum number of awards is therefore 20 and, for the first time in several years, the full complement of 20 awards were made (23/24: 16)..
The awards of £800 each recognise the recipients' strong level of extra-curricular involvement in student society affairs and/or in sporting or cultural activities. Students in all but their final year are invited to submit details of their level of involvement in such activities to their Departmental senior tutor. These tutors then, in consultation with their Heads of Department, nominate two students whose involvement has been judged to be the most deserving. The awards are issued at the start of the next academic year. The intent of these awards is to encourage undergraduates to make the best of their time at university, and to help meet the inevitable extra costs of a more 'involved' lifestyle, whether these be for accommodation, travel or to help with other associated expenses.
Page 2
**Old Centralians Trust**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **OBJECTIVES AND ACTIVITIES**
## **John Elliott Bursaries**
Under the John Elliott Bursary Scheme, named after a former Honorary Secretary and Chairman of the Trust, (Alfred) John Elliott, FREng, FCGI, FICE, FWeldI (who studied Civil Engineering between 1940 & 1942), awards totalling £4,602 (23/24: £2,558) were made to key officers of the City & Guilds College Union (CGCU), to assist with the personal costs involved in fulfilling their duties for the Union. Given that some CGCU officers, who don't receive such a bursary, may nevertheless merit recognition, the Trust also supported 15 half-price tickets for CGCU officers to attend the CGCU Welcome dinner and 4 tickets to the CGCA Annual dinner. The Trust also funds a CGCU officer training day and assistance with food and drink expenses for officers' meetings. By the end of the year being reported, CGCU had claimed £1,488 (23/24: £1,375) of what was available to them under these extensions, not including the training day's cost of £1,977 (23/24: £1,673).
It is also worth mentioning under this heading, although provided from a different fund, that the Trust supports the Vice President of the CGCU during the summer months with a bursary of £2,500. This was applied for retrospectively this year, and awarded to Zelin Shao. This was not paid until after the Trust's year end and so £2,500 has been accrued (23/24: 2x £1,250).
## **Awards for Student Projects, Sporting activities, Adventure and Travel**
The number of applications received for intrepid adventuring was very nice to see. These included expeditions to the Three Peaks in north England, the Balkans, Nepal, Norway, Pakistan, Peru, Switzerland and Wales.
Of particular note was an outreach project to create a popcorn-making machine which demonstrates the chemical engineering processes involved in heating corn until it pops. This machine was built by a team from the Chemical Engineering department and taken on a number of very successful outreach opportunities, encouraging youngsters to understand and explore engineering.
The overall amount awarded this year was to 17 applications totalling £25,077 (23/24: 16 grants totalling £27,237).
## **Conference Travel for Postgraduates**
Each year a proportion of budgeted funds go to support (mostly) postgraduate students travelling to overseas conferences to present their research, whether by way of a poster display or a podium presentation. During the year £22,650 was awarded to 43 students (23/24: 44 grants totalling £22,850) - an average travel grant of £527 (23/24: £519) per student.
## **GENERAL**
The Trust switched some of its investment funds under management from St James Place to CCLA during FY 22/23. In this third full year of CCLA acting to replace St James Place, their performance deteriorated, resulting in negative growth of 1.53% over the year. This cannot be attributed to general conditions, as Newton continue to perform strongly, contributing a 7.42% return over the year. At the conclusion of the financial year the value of the Trust's investments stood at just over £4.3 million, an increase from just under £4.2 million a year earlier. The investment sub-committee will be evaluating whether to take action if CCLA's performance does not pick up
## **ACKNOWLEDGEMENTS**
Page 3
**Old Centralians Trust**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **OBJECTIVES AND ACTIVITIES**
The Old Centralians' Trust could not function smoothly without the freely given time of its officers and Board members, none of whom takes any remuneration or expenses. I would like to thank Vice Chairman Chris Lumb for his continued invaluable contributions, Professor Bob Schroter for his significant support in respect of hardship cases and Mr Colin Kerr for diligent management of our meetings. Particular mention and the sincerest of thanks go to Mr Dan Lehmann, Treasurer, and Mr John Collins, Applications Secretary, for their dedication to the continual stream of tasks that face them throughout the year. Many thanks also go to all our other Trust board members, especially for their input in reviewing the many applications we receive.
The Trust is also fortunate to have much valuable support from a large number of academic and administrative staff within the Faculty of Engineering, without which its work would be much less easy to fulfil. Grateful thanks are expressed to all those staff members who have been so generous with their time and advice.
## **Independent Examination**
The Board is pleased to have the expert services of Dux Advisory Ltd of Aylesbury, Buckinghamshire, as advisers and as independent examiners of the Annual Accounts.
The Accounts and this report for the year 2024-25 were approved by the Board and Trustees on 7th July 2026, and duly signed on their behalf by me, as Chairman.
Peter Chase Chair, Old Centralians’ Trust
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trust is governed by a Deed of Trust dated 24th September 1965, amended on 1st June 1995, and is registered as an Educational Trust at the Department of Education under file number U.1725 ZZ/46. The Charity Commission Registered Number for the Trust is 1048552.
Application Secretary: John Collins Meetings Secretary: Colin Kerr
Registered Office: c/o City & Guilds College Association, Level 1, Faculty Building, Imperial College, London SW7 2AZ
Bankers: CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA
Asset Management: Management of the Trust's investments is carried out by an Investment Sub-committee of the Trust Board comprising Christopher Lumb, Peter Chase, David Law, Prof. Robert Schroter, James Fok and Allan Lee
Investment Advisers and Custodians: CCLA, 1 Angel Lane, London, EC4R 3AB and Newton Investment Management, 160 Queen Victoria Street, London EC4V 4LA
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1048552
Page 4
## **Old Centralians Trust**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **Principal address**
CGCA - Alumni Office Level 1, Faculty Building Imperial College London SW72AZ
## **Trustees**
The following were Trustees during the year:
Peter Chase (Chairman) Christopher Lumb (Vice Chairman) Professor Alessandro Astolfi (College Consul for Engineering) (Resigned 14th October 2025) Dan Lehmann (Treasurer) Nigel Cresswell (Hon. Secretary, City & Guilds College Association Allan Lee (Hon. Treasurer, City & Guilds College Association) Martyn McLachlan (Appointed 14th October 2025)
## **Independent Examiner**
James Foskett FCA DChA Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
20/07/2026 Approved by order of the board of trustees on ~~.....~~ .................................. 1A9B0000-B47F-52BA-4D0C-08DEE66F7A52 ~~......~~ and signed on its behalf by:
... ~~.............~~ ................................... 1A9B0000-B47F-52BA-4D00-08DEE66F7A52 ~~.............~~ ..........
D W Lehmann - Trustee
Page 5
## **Independent Examiner's Report to the Trustees of Old Centralians Trust**
## **Independent examiner's report to the trustees of Old Centralians Trust**
I report to the charity trustees on my examination of the accounts of Old Centralians Trust (the Trust) for the year ended 30 September 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the 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 Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
1A9B0000-B47F-52BA-4D23-08DEE66F7A52
**----- End of picture text -----**
James Foskett FCA DChA
Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB Date: . ~~.....~~ .................................. 1A9B0000-B47F-52BA-4D28-08DEE66F7A5221/07/2026 ~~.....~~
Page 6
## **Old Centralians Trust**
## **Statement of Financial Activities for the Year Ended 30 September 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable Activity
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
100,338
49,623
149,961
89,748
4,403
94,151
119,208
175,018
4,178,358
4,353,376|Restricted
funds
£
2,108
-
2,108
300
-
300
976
2,784
34,027
36,811|30.9.25
Total
funds
£
102,446
49,623
152,069
90,048
4,403
94,451
120,184
177,802
4,212,385
4,390,187|30.9.24
Total
funds
£
8,331
56,403
64,734
89,384
4,875
94,259
407,270
377,745
3,834,640
4,212,385|
|---|---|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
## **Old Centralians Trust**
## **Balance Sheet 30 September 2025**
|Notes
**FIXED ASSETS**
Investments
8
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|30.9.25
£
4,318,271
76,260
(4,344)
71,916
4,390,187
4,390,187
4,353,376
36,811
4,390,187|30.9.24
£
4,187,549
28,843
(4,007)
24,836
4,212,385
4,212,385
4,178,358
34,027
4,212,385|
|---|---|---|
20/07/2026 The financial statements were approved by the Board of Trustees and authorised for issue on ~~....~~ ................................ 1A9B0000-B47F-52BA-4D19-08DEE66F7A52 ~~.....~~ .... and were signed on its behalf by:
~~............~~ ................................. 1A9B0000-B47F-52BA-4D12-08DEE66F7A52
D W Lehmann - Trustee
The notes form part of these financial statements
Page 8
**Old Centralians Trust**
## **Notes to the Financial Statements for the Year Ended 30 September 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, the Trustees have tested their cash flow analysis to take into account the impact on their business of possible scenarios, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
The presentational currency is £ sterling. The amounts in the financial statements are rounded to the nearest pound.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Governance costs**
The governance costs relate to the fee for the independent examination or audit.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds, which form part of the unrestricted funds, are funds set aside by the trustees for specific purposes.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
**Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Investments**
The investments are stated at fair value.
## **Critical judgements and estimates**
In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts in the financial statements. These assumptions are reassessed annually as part of the accounts preparation process.
In the view of Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
## **2. DONATIONS AND LEGACIES**
|Donations
Legacies
John & Frances Jones Funding
Ford Fund
**INVESTMENT INCOME**
Listed investment income
Deposit account interest|30.9.25
£
38
100,000
300
2,108
102,446
30.9.25
£
49,552
71
49,623|30.9.24
£
4,983
-
-
3,348
8,331
30.9.24
£
56,384
19
56,403|
|---|---|---|
## **3. INVESTMENT INCOME**
continued...
Page 10
## **Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **4. CHARITABLE ACTIVITIES COSTS**
**----- Start of picture text -----**
Direct
Costs (see
note 5)
£
Charitable Activity 90,048
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
30.9.25 30.9.24
£ £
Direct Charitable Expenditure 90,048 89,384
6. SUPPORT COSTS
30.9.25 30.9.24
£ £
Audit and accountancy fees 4,357 4,875
**----- End of picture text -----**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
## **8. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 October 2024
Additions
Disposals
Revaluations
At 30 September 2025
**NET BOOK VALUE**
At 30 September 2025
At 30 September 2024|Listed
investments
£
4,187,549
49,538
(39,000)
120,184
4,318,271
4,318,271
4,187,549|
|---|---|
The investments are in collective investment funds operated by the charity's investment advisers.
continued...
Page 11
**Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **8. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 30 September 2025 is represented by:
|Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Valuation in 2025
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**10.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
funds
£
Investments
4,281,460
Current assets
76,260
Current liabilities
(4,344)
4,353,376|Restricted
funds
£
36,811
-
-
36,811|30.9.25
£
4,344
30.9.25
Total
funds
£
4,318,271
76,260
(4,344)
4,390,187|Listed
investments
£
4,058,997
(721,739)
487,169
363,122
130,722
4,318,271
30.9.24
£
4,007
30.9.24
Total
funds
£
4,187,549
28,843
(4,007)
4,212,385|
|---|---|---|---|
continued...
Page 12
## **Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Lindsay Bequest
**Restricted funds**
Rosen Bequest
Moore Memorial
Ford Fund
FCGI Witchell Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
Lindsay Bequest
**Restricted funds**
Rosen Bequest
Moore Memorial
Ford Fund
FCGI Witchell Fund
**TOTAL FUNDS**|At
1.10.24
£
2,202,023
1,976,335
4,178,358
8,149
1,790
17,114
6,974
34,027
4,212,385
as follows:
Incoming
resources
£
79,029
70,932
149,961
-
-
2,108
-
2,108
152,069|Net
movement
in funds
£
64,700
110,318
175,018
234
51
2,599
(100)
2,784
177,802
Resources
expended
£
(76,816)
(17,335)
(94,151)
-
-
-
(300)
(300)
(94,451)||Transfers
between
funds
£
36,334
(36,334)
-
-
-
-
-
-
-
Gains and
losses
£
62,487
56,721
119,208
234
51
491
200
976
120,184|At
30.9.25
£
2,303,057
2,050,319
4,353,376
8,383
1,841
19,713
6,874
36,811
4,390,187
Movement
in funds
£
64,700
110,318
175,018
234
51
2,599
(100)
2,784
177,802|
|---|---|---|---|---|---|
continued...
Page 13
## **Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Holbein Bequest
Fenton Bequest
Fenton (C&GCA) Fund
Lindsay Bequest
Centenary Fund
Moore Memorial
Rosen Bequest
**Restricted funds**
Rosen Bequest
Moore Memorial
Ford Fund
FCGI Witchell Fund
**TOTAL FUNDS**|At
1.10.23
£
628,152
229,630
608,609
281,743
1,789,865
50,049
39,565
175,923
3,803,536
8,149
1,915
13,766
7,274
31,104
3,834,640|Net
movement
in funds
£
146,002
-
-
-
228,820
-
-
-
374,822
-
(125)
3,348
(300)
2,923
377,745|Transfers
between
funds
£
1,427,869
(229,630)
(608,609)
(281,743)
(42,350)
(50,049)
(39,565)
(175,923)
-
-
-
-
-
-
-|At
30.9.24
£
2,202,023
-
-
-
1,976,335
-
-
-
4,178,358
8,149
1,790
17,114
6,974
34,027
4,212,385|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Lindsay Bequest
**Restricted funds**
Moore Memorial
Ford Fund
FCGI Witchell Fund
**TOTAL FUNDS**|Incoming
resources
£
14,569
46,817
61,386
-
3,348
-
3,348
64,734|Resources
expended
£
(84,184)
(9,650)
(93,834)
(125)
-
(300)
(425)
(94,259)|Gains and
Movement
losses
in funds
£
£
215,617
146,002
191,653
228,820
407,270
374,822
-
(125)
-
3,348
-
(300)
-
2,923
407,270
377,745|
|---|---|---|---|
continued...
Page 14
**Old Centralians Trust**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2025 and 30 September 2024.
Page 15
## **Old Centralians Trust**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2025**
||30.9.25|30.9.24|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|38|4,983|
|Legacies|100,000|-|
|John & Frances Jones Funding|300|-|
|Ford Fund|2,108|3,348|
|**Investment income**|102,446|8,331|
|Listed investment income|49,552|56,384|
|Deposit account interest|71|19|
||49,623|56,403|
|**Total incoming resources**|152,069|64,734|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Direct Charitable Expenditure|90,048|89,384|
|**Other**|||
|Bank interest|46|60|
|**Support costs**|||
|**Governance costs**|||
|Auditors' remuneration|-|795|
|Independent examiner's fees|4,357|4,020|
||4,357|4,815|
|Total resources expended|94,451|94,259|
|**Net income/(expenditure)**|57,618|(29,525)|
||||
This page does not form part of the statutory financial statements
Page 16
Document electronically signed www.fusesign.com
## Document Details
|Document ID|5cda0000-3bb3-5e8e-e942-08dee66efa56|
|---|---|
|Document bundle ID|5cda0000-3bb3-5e8e-fce3-08dee66efbfe|
|Uploaded to FuseSign|2026-07-20 15:55 +01:00|
|FuseSign subscriber|Dux Advisory|
|Initiator email|uzair.aslam@duxadvisory.co.uk|
|Document completed|2026-07-21 08:20 +01:00|
## Document Signers
|Name
Dan
Email
dan@lehmann.me.uk
Mobile
+44 7974 717270
IP Address/es
78.145.22.179
Signed on Pages
7, 10
Verification Mode
SMS Code||
|---|---|
|||
|Name
James Foskett
Email
james.foskett@duxadvisory.co.uk
Mobile
Not Provided
IP Address/es
86.139.254.53
Signed on Pages
8
Verification Mode
Email Code||
## Document Audit Log
|Date|||User|Transaction|
|---|---|---|---|---|
|2026-07-20|15:59|+01:00|uzair.aslam@duxadvisory.co.uk|Document Bundle Created by Uzair Aslam|
|||||(uzair.aslam@duxadvisory.co.uk)|
|2026-07-20|15:59|+01:00|System|Access link: sending email to: dan@lehmann.me.uk. (2 Documents -|
|||||2 Signing Actions).|
|2026-07-20|15:59|+01:00|System|Access link: sending email to: james.foskett@duxadvisory.co.uk. (2|
|||||Documents - 1 Signing Action).|
|2026-07-20|18:12|+01:00|Dan|SMS Verification requested to mobile ending in 270|
|2026-07-20|18:12|+01:00|Dan|Code entered and verified|
Document electronically signed by FuseSign Document ID: 5cda0000-3bb3-5e8e-e942-08dee66efa56
|2026-07-20|18:12|+01:00|Dan|Link opened from IP 78.145.22.179|
|---|---|---|---|---|
|2026-07-20|18:13|+01:00|Dan|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 7 (SignatureID: 1a9b0000-b47f-52ba-|
|||||4d00-08dee66f7a52, SignatureType: SignedByName)|
|2026-07-20|18:13|+01:00|Dan|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 10 (SignatureID: 1a9b0000-b47f-52ba-|
|||||4d12-08dee66f7a52, SignatureType: SignedByName)|
|2026-07-20|18:13|+01:00|Dan|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 7 (SignatureID: 1a9b0000-b47f-52ba-4d0c-|
|||||08dee66f7a52, SignatureType: SignedByName)|
|2026-07-20|18:13|+01:00|Dan|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 10 (SignatureID: 1a9b0000-b47f-52ba-|
|||||4d19-08dee66f7a52, SignatureType: SignedByName)|
|2026-07-20|18:13|+01:00|Dan|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf (SignatureType: SignedByName)|
|2026-07-20|18:13|+01:00|Dan|Dan has completed bundle 5cda0000-3bb3-5e8e-fce3-08dee66efbfe|
|2026-07-20|22:11|+01:00|Dan|SMS Verification requested to mobile ending in 270|
|2026-07-20|22:12|+01:00|Dan|Code entered and verified|
|2026-07-20|22:12|+01:00|Dan|Link opened from IP 78.145.22.179|
|2026-07-21|08:17|+01:00|James Foskett|Email Verification Requested to email|
|||||james.foskett@duxadvisory.co.uk|
|2026-07-21|08:17|+01:00|James Foskett|Code entered and verified|
|2026-07-21|08:17|+01:00|James Foskett|Link opened from IP 86.139.254.53|
|2026-07-21|08:20|+01:00|James Foskett|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 8 (SignatureID: 1a9b0000-b47f-52ba-|
|||||4d23-08dee66f7a52, SignatureType: SignedByName)|
|2026-07-21|08:20|+01:00|James Foskett|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf - on page 8 (SignatureID: 1a9b0000-b47f-52ba-|
|||||4d28-08dee66f7a52, SignatureType: SignedByName)|
|2026-07-21|08:20|+01:00|James Foskett|Document Signed: Old Centralians Trust Accounts 2025 Final [FYI-|
|||||171177399].pdf (SignatureType: SignedByName)|
|2026-07-21|08:20|+01:00|James Foskett|James Foskett has completed bundle 5cda0000-3bb3-5e8e-fce3-|
|||||08dee66efbfe|
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