The Elias Ashmole Trust A Gompany Llmlted by Guaranteè Registered CharÉty Number: 1083867 Company Number.. 04087719 Report and Unaudited Accounts for the year ended 31st July 2025 W￿n Townsend Chartered Accountsnts Oxford The Eli&$ Aghrnole Trust Reference and admlni$trative information for the year ended 315t July 202S Trustees: Dr A J Sturgis Laoy Carington (resigned 31 August 20241 Mrs C Laing Mrs N Watton Iiesigned 31 August 20241 Mrs V Emmett Mr M Chambers Ms K31hryn Uhde Dry Elgar (appointed 17 Sept&mb8r 20241 Secretary: Mrs N O'Farrell Registered office.. The AshTnol8an Mus8Urn Beaurnont Street Oxford OX1 2PH Company r8yi$tration nurnb8r'. 04087719 Charity registration number: 1083867 Accountants.. Wenn Townsencs Chartered Accountants 30 St Giles Oxford OX1 3LE Bankers.. 8arclay5 Bank Oxford Thè Ellas A$hmol+ Trust Report of the Trustees for the year ended 31st July 2025 The Ttustees, who are also directors of the charity for the purposes ol the Companies Act 20(K%. present their report and the financial Statements for Ihe year ended 31st July 2025. The financial statements comp with the Charities Act 2011. the Companies Act 2006 and Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charityes preparing their accounts in accordance with the Finsncia Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 Jsnuary 20191. Reference and administration information As detailed ott page 1. Sttuctvre Governance and Mana ement The charrtable company was incorporated on 11th October 2Th)O and has adopted Mernorandum and Artides in place of a Tfust Deed. The Charity's objects areto supportand assisttheA5hmolean Museum and in furtherance thereofto engage in such Charitab￿ activities as may enrieh the collectiws ofthe Museum orotherwise enhancs its usèfulness as an institution for teaching, research and public enjoytnent connected wrth art and antiquity. The Elias Ashmole Trust is governed by a body of 4 to 10 individu81s who ar8 member5 of the cha¥ity and who constitute rjirectors for Ihe purpose of company legislation and Irust88s for the purposss ol charity I￿l$latIon. The Trust meets approximately three times a year to consider reports from the 01￿CtOr and Management Team and reviews mernber5hip policies. Furthetmoie, the Trust adv15es the Museum on membership fundraising and 8ctyMties and oversees the proposa15 trorn The Ashmolean Collectsve Group previously called the Trades¢ant Patrons Advisory Comfflittee and the Elias A5hmole GrDUP C￿￿mittee. The role olthe Trust is non-execulive and voluntary-. The Trust may. at any time. appoint a new trustee and 5anclions the directors, appointment ol new trustees The airn is to achieve a balsncE of skills and experience in the Trust relevaN to the objectives of the charity. Achievement5 and Perfomiancp During the year grants totslling £150,0(Xl were donated to the Museum by the Trust. and £50,000 lor the Fra Angelico gallery. The Ellas Ashmole Grou Current Mernbership.. 81 members The Tradescant Patron8 Grou Current Membership.. 47 memberships Patron5 Events throughout the year. Patrons private tour of Money Talks. M. Society & Power Patrons private tour of Simpl8 Pleasures." Jin wrth Roger Law Patron5 private tour of Ashmolean s Westem Art Print Room Annual Gala Dinner 2024 Ashrnolean Collective Launch Paty Patrons private visit to Van Gogh Exhibil'on at the National Gallery. London Spring Trip- Turin. Italy Patrons private tour of Cheung Yee.. And Is 1960s Hong Kong Contemporaries Patrons private tour of Anselm Kiefer. Early Works A5hmole8n Collectwe visit to Gasworks Galleries. London Privale w51t to the Royal Academy's Sumrner Exhibrtion. London The Ellas A$hmole Trust Report ol the Trustees Icontinuodl for the year endgd 31st July 2025 Flnanc5al Review Revenue IOT the year wa5 £181,04312024." £181,438). Reserves 2131st July 2025 stood at £78,171 131st July 2024.. £134,158). This is tre total for the Elias Ashmole Group and AshFnd8an Coll8ctive Group combined. The Trustees aim to rnaintain a level of unre5tricled reserves sufficient to meet any un.budgeted running expenditure. The Elias Ashtnole Trust's re5erve5 leve15 are kept at a rninimum of £8.000. Public Benefit The trustees have paid due regard lo the Charity Commission's guidan￿ on public I￿nefit. The Els8s AshmDle Trust have made a generous finanaal contribution. duri￿ the 2024125 financial year. and sUPPOrted some ofthe Museums extraordin8ry exhibitlOn5, Radiohead". This Is What You Get, In Bothm.. How Plants Changed Our World and Continuing Support for Ashmolean NOW series In Gallery 8. The Trust 8150 made a grant to secure the purchase ol Fra Arsgelico's Crucifixion for the Mu5eurn. The Ashmole8n Museum is free at the pant of enty and available to all. The Elias Ashmole Trust's Tole 15 to support Ihe Museum and its visitors. Small etsm an oxem tions Advantage has been taken in the p￿paratIOn of this rèport ol special exemptions applicable to smal companies. This report wa8 approved by thg Board on . 2026 and slgned on It8 behalf by: Dr A J Sturgis The Elias Ashrnole Trust Independent Examlnerfs Report to the Trustees of The Elias Ashmole Trust I report to the charity trustees on my examination of the accounts ol the company for the year ended 31st July 2025 which are set out on pages 5 to 8. Responslbllitles ond basls gf report As the trustees of the company land also Its directors forthe purposes of company lawl you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 (Xhe 2006 Act'l. Hawng satisfied myself that the accounts of the company are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent examin2b"on. I report In ￿SpeCt of my examination of your company's 8ccount5 35 carned tyjt under section 145 of the Charities AGt 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions givèn by the Charity Commission und8r 58ction 145151(bl oflhe2011 Act Independent examiner's statement I have completed My examination. I confimi that no matters have come to my attention in connection vith the examination giving me cause to believe Ihat in any rnalerial respect.. accounting ￿CordS were not kept in respect of the company as required by sectyon 386 of the 2006 Ac( or the 8ccount5 do not accord Nmth those re¢￿dS.. or the accounts do not comply with the accounting requirements of section 396 01 the 2006 Act other than any ￿QUIreMent that the accounts gwe a 'true ancl fair view, which is not a mattel considered as part of an independent examinab'on,. or the accounts have not been prepared in acwrdance with the metho¢Js and princip18s of the Statament of RecoTnmended practi￿ for accounting and reporting by charities applicable to tharitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have corne aeross no other matters in connection wilh the examin8tion lo which attentsoll should be drawn in this report ifi order to enable a proper understsndiny of the accounts to be reached. A C Rodzynskl F¢A Partner Wenn Townsend 30 St Gtles Oxford OX1 3L£ 2026 The Elia8 Ashmole Tnjst Statement of Financial Activilles for the year ended 31st July 2025 Unrestricted Funds 2025 2024 Income Incomo froffl charrtablg aGtivilies.' Sub5CriPtions and donations Tax recoverabie Evenl income Trips incorne Income from Investments 137,997 28,085 194 13,700 1.067 153,486 21,S38 4,990 1,422 Total Income £ 181.043 £ 181,436 Expendlture Chsrit8ble e¢ti%rytps.' Cost Dfevents Grant5 C05t of trips Governance ¢osts 15,989 200.0 18.098 2,943 21,473 160.IXIO 1.422 Total expendTrture £ 237.030 £ 182.895 N¢t in¢ome I lexpendlturè 155,9871 11.4591 Total funds brought foNard 134.158 135,617 Total funds carrled forward £78,171 £ 134,158 The attounts of the Ashmolean Collective Group have been incorporated in th&s8 account5. The elias Ashmole Twst Balance Sheet 31st July 2025 Note Current assets 2025 2024 Cash 8t bank Debtors- Gift Aid 51.339 27,822 113.810 21.348 79.161 135.fj58 Current liabillttos Creditors and accruals 19901 11,C4XI Net assets 78,171 134.15B Represented by- Unrestricted funds 78.171 134,158 Members, fund$ 78.171 134,158 For the year ending 31st July 2025 the company was extitled to exemptson from audit under section 477 of the Companies Act 2006 1813ting to small companies. The members have not required the company to obtain an audil of its account5 for the year in question In accordan￿ with section 476., The ¢irector5 acknowledge ￿e1r responsibilities for complying with the r￿UIreMents of tre Act with respect to accountin9 records and the preparats.on ol accounts. These finanaal statements a￿ prepared in a¢cordance with the provisions athicable to companies 5ubjed io the small ciynpanie5' regirn8, and the Financial Reporting Standard5 applicable in the UK and Republic ol Ireland IFRS 1021. The finanei81 statements were approved by Trustees on . behalf by 2026 and signed on their Dr A J Sturgis Registered Charity Number.. 1083867 Company Number.. 04087719 The Elias Ashmole Trust Notes to tha Account forthè yoar ended 31st July 2025 Aceountong polictes Ba$ls of aecounting The finanoal statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, Accounting and reporting by charits"e5". Stai8m8nt of Recommended Practrce applicable to Charities preparing their account5 In accordance with the Finanual ReFK)rting Standard ap￿Icabl8 in the UK and Republic of Ireland IFRS 1021 leffeclive 1st January 20191 ICh8rity SORP FRS 1021 and the Flnancial Reporting Standard applicable In the UK and Republic of Irelanrl IFRS 1021. The Elias Ashmole Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historlr21 cost or transaction value unless otherbW5e stated in the ￿levaNt accDunb"ng policies note. Going Con£ern The Trustees considerthere to be no uncertainlie5 Wlth r8gard tothe charity continuing as a going contsr and that the charty will be able to operate for 8t least 12 months from the date of the signatLSre of the accounts. They are confidentthat subscripts'ons trom donors. though perhaps reduc￿1, will be 5uffici8nt to meet the modest adTninistrative Costs of the chanty and also continue rn8king grants lo the Ashmolean Museum. Income recognitton l income is included in the Statement Df Financial Activities when tt)e eharity is legalty entitled to the income, the arnount can be quantified with ￿8$Onable accuracy and Il is prob8ble that the income will bè ieceived. Subscriptions are recognised as incotne when received by the charity. Volunleef tim8 A 51gnificant conthbution is made by members. The value of these donated 5erw¢es is not rellected in the ac￿Unt$. Grants Grants are accounted for when spproved by the Trustees. Expendlturè reeognitÈon AJI expenditure is accounted for Dn an accruals basis lin¢lu$ive of VAT which is irrecoverable) and has been classifiecl under headings that 8ggregale all costs related to that category. Liabilities are recognised as expenditure as soon. as there Is a leg31 OT construclive obligation committing the charity to the expendiiur8. it is probable that settletnenl will be required and the amount of the obligab'on can be measured rdiably. Governance costs are tho58 costs incurred in the govemance of Ihe charity and its assets are primafity a55ociat&d with constitutional and statutory requirements. Fund accountlng Unrestricted funds These fvnds are lo be used al the discrebon of the trustees in furtherance of the charity's objects. The chanty has no restricted ￿nds. Restricted funds Trustees and ernployee5 The trustees di(1 not re￿1ve any reffluneralion or other benefit for their services in th8 year12024' £Nill, neither wefe they reimbursed for expenses incurred on the charills behalf12024.. £Nill. No sums were expended on any trustee indemnity insurance. There were no employees. The Ellas A$hmolp Trnst Notes to the Accounts forthe yearended 31st July 2025 Net (expendits￿rellincOme This is stated after charging.. 202S 2024 Grants to the Ashmolean Museum IndEpend8nt examinerfs rernunefation £ 200.000 990 £ £ 160,000 1.000 Debtors 2025 2024 Gift Aid recoverab 27,822 21.348 £ 27.822 £ 21,348 Creditors.. amounts falling du8 Within one year 2Q25 2024 Accrua15 Grants payable Trade creditors 990 1.000 990 £ 1,000 Company sta¢us The charity is a cotnpany litnited by guarantee and inCDrporated In Engl3nd. Every member of the company is liabk to ¢ontribute up to £1 in the r2se ofwinding upwhile a rnember, orwrthin one yearafter asing to be a member. Relatsd party transactlon$ The charity received £15,40812024. £15.0001 in sub5CriPtion incomE from the truste85 in the year.