Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 THE OLYMPIA CHARITABLE TRUST (fomierly known as The Earls Court & Olympia Charitable Trust) (A Charitable Company Limited by Guarantee> Trustees, Report and Financial Statements For the year ended 31 December 2024 Company number: 4311973 Charity Number: 1091254
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust fomerl known as The Earls Court & 01 ia Charitable Trust CONTENTS Legal and administrative information Trustees, Reporl Statement of Financial Activities Balance Sheet Notes to the financial statements 6-7
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust fomerl known as The Earls Court & 01 ia Charitable Trust LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 December 2024 TRUSTEES AM Thorpe LE Lee AJ O'sullivan AUO Areti AP Lang L Page-Jennings VE Eden PR Sedazzari O Adewumi (resigned 18 April 2024) (appointed 11 March 2024) (appointed 11 March 2024) (appointed 11 March 2024) (appointed 14 March 2024) (appointed 01 May 2024) (appointed 01 May 2024) (appointed 08 October 2024) SECRETARY A Georgeou COMPANY REGISTERED NUMBER 4311973 CHARITY REGISTERED NUMBER 1091254 REGISTERED OFFICE Olympia Events Hammersmith Road Kensington London W14 8UX BANKERS Natwest Bank plc South Kensington Station (B) Branch PO Box No 592 18 Cromwell Pla London SW7 2LB SOLICITORS Norton Rose Fulbright LLP 3 More London Riverside London SE12AQ
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust fomerl known as The Earls Court & 01 ia Charitable Trust TRUSTEES, AND DIRECTORS. REPORT For the year ended 31 December 2024 The Trustees, who are also directors of the Company for the purposes of the Companies Act, submit their annual report and the financial statements of The Olympia Charitable Trust (fomierly known as The Earls Court & Olympia Charitable Trust) (the 'CompanW) for the year ended 31 December 2024. The Company changed its name by written resolution passed on 25 March 2024. The Trustees confimi that the annual report and financial statements of the Company comply with current statutory requirements, the requiremenls of the CoMpanS governing document and the provisions of the Statement of Recommended Praclice (SORP) "Accounting and Reporting by Charities" applicable to charities preparing accounts in accordance with Financial Reporting Standard 102. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Company is the responsibility of the Trustees who are elected and c opted under the terms of the Articles of Association. The Articles of Association require that the Board of trustees consist of not less than two and not more than twelve trustees (following the adoption of the new Articles of Association by written resolution passed on 19 September 2024) at any given time. Trustees are appointed following recommendations from other trustees. or by the Founder Member of the Company in accordance with the Articles of Association. All directors of the Company are also trustees and members of the Charity. The Trustees and Directors in office throughout the year are listed in the Legal and Administrative Information on page 1. CONSTITUTION POLICIES AND OBJECTIVES The Companywas fomied as a company limited by guarantee and is governed by a Memorandum of Association dated 9 October 2001 and Articles of Association dated 14 September 2009. A written resolution was passed on 19 September 2024 to adopt new Articles of Association. The Company was granted charitable status on 20 March 2002. The principal objects of the Company are to provide for the following in any area, but in particular in the London boroughs of Hammersmith & Fulham and Kensington & Chelsea: the relief of persons in need, hardship, sickness or distress the furtherance of education the provision of recreational facilities in the interests of social welfare the promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation the relief of unemployment for the public benefit and provision of training, especially among unemployed people the protection or conservation for the public benefit of the environment Practical relief is provided in the fomi of grants made to individuals and institutions whose needs fall within those categories covered by the charity's objects. ORGANISATIONAL STRUCTURE AND DECISION MAKING The responsibility of the management of the Company rests with the Trustees. The Company is administered through the services of olpUS Management Ltd, OIyTnpia Ltd and Olympia Management Services Limited. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS The Company received grant funding during the year of £35.000 (2023 - £35.000) and made grants during the year of £27,540 (2023- £36,034). Unrestricted reserves stsnd at £10,140 (2023 - £2.690) at the balance sheet date. The Company currently holds no designated or restricted reserves.
Docusign Envelope10.' 34BA416B-EF794s6D-9F233Bll42l432 The Olympia Charitable Trust formerl known as The Earls Court & 01 ia Charitable Trust TRUSTEES. AND DIRECTORS. REPORT For the year ended 31 December 2024 RESERVES POLICY The Trustees regularly review the level of reserves held by the Company in order to ensure that there are adequate levels of unrestricted reserves to meet cuThent and anticipated future liabilities, and to provide for future grant giving. INVESTMENT POLICY AND PERFORMANCE The Memorandum of Association provides that the Company may invest monies not immediately required for its operations in any manner as may be thought frt. subject to any conditions imposed or required by current law. At present all such monies are retsined on short-temi cash deposit at a market rate of interest. RISK MANAGEMENT The Trustees are aware of the principal risks and uncertainties to which the Company is exposed, and are satisfied that systems are in place to mitigate those risks. The Trustees review these risks at least annually. GRANT MAKING POLICIES The Trustees provide financial assistance by way of grants to individuals and institutions whose needs are in line with the objects of the Company. TRUSTEES AND DIRECTORS RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Annual Report and the financial ststements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice applicable to charities. Company and charity law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. which give a true and fair view of the slate of affairs of the Company and of the surplus or deficit of the Company for that period. In preparing those financial statements, the Trustees are required to.. (a) select suitable accounting policies and apply them consistently; (b) make judgements and eskn'mates that are reasonable and prudent; (c) state whether applicable accounting standards and ststements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements: and (d) prepare the financial statements on a going concem basis unless it is inappropriate to assume that the Company will continue in business. The Trustees are responsible for keeping proper accounting records. which disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing the Trustees. and directors, report advantage has been laken of the small companies exemption under the Companies Act 2006. This report was approved by the Trustees on 19 May 2025 and signed on its behalf by. 7887EBD5FOTD45C... AM Thorpe Trustee
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust (fomerly known as The Earls Court & Olympia Charitable Trust) STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) for the year ended 31 December 2024 Unrestricted funds 2024 Unrestricted funds 2023 Note Income from: Grants ceiVed 35,000 35,000 Expenditure on: Grants made Adminislration costs {27,540) (10) (36,034) Net movement in funds 7,450 (1,034) Total funds brought fopward 2,690 3,724 Total funds carried forward 10,140 2,690 The notes on pages 6 to 7 form part of these financial statements.
Docusign Envelope10.' 34BA416B-EF794s6D-9F233Bll42l432 The Olympia Charitable Trust (formerly known as The Earls Court & Olympia Charitable Trust) BALANCE SHEET as at 31 Dember 2024 Company number 4311973 2024 2023 Note CURRENT ASSETS Cash at bank and in hand 10.140 2,690 TOTAL ASSETS 10,140 2,690 FUNDS Unrestricted - general funds 10.140 2,690 RETAINED FUNDS 10,140 2,690 The Company is entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024. The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilty for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial ststements. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordan with FRS 102 SORP. These financial statements were approved by the Trustees and authorised for issue on 19 May 2025 and were signed on its behalf. 7887EBD5FOTD45C AM Thorpe Trustee The notes on pages 6 to 7 form part of these financial staternents.
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust (fomerly known as The Earls Court & Olympia Charitable Trust) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES Accounting convention The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Company's financial statements. Basis of preparation of financial statements The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. (SORP) 'Accounting and Reporling by Charities" applicable to charities preparing accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Cash Flow The financial statements do not include a cash flow ststement because the Company has taken advantage of the exemption in Financial Reporting Standard 1 from the requirement to produce such a statement. as it is a small reporting entty. Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Company and which have not been designated for other purposes. The Company holds no designated or restricted funds. Incoming Resources All incoming resources are included in the Statement of Financial Activities when the Company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources Expended All expenditure is accounted for on an accruals basis. In accordance with the level of income received the Company has chosen to allocate costs by functional classification. The costs of managing and administering the Company are borne by01nPia Management servIs Limited. None of these costs are charged to the Company. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. VAT The Company is not registered for VAT and its expenses are therefore inflated by VAT which cannot be recovered. Tax Status The Company is a registered charity and is not subject to income tax on its current activities. GRANTS RECEIVED 2024 2023 Company donation- Olympia Management Services Limtted 35,000 35,000
Docugn Envelope ID.. 34BA416B_EF79456D_9FA4_233B11421432 The Olympia Charitable Trust (fomerly known as The Earls Court & Olympia Charitable Trust) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 GRANTS MADE Grants payable to institutions in support of local community projects: 2024 2023 PCC of St Bamabas Kensington Good Shepherd Catholic Primary Sch1 The Nucleo Project Spiritus Education C.i.c Friends of Sl Mary Abbots School St Mary s Brook Green PTA Avonmore Primary School St Mary's Catholic Primary School Barons Court Project Ltd Normand Croft Community School Mama Haven St Stephens CE Primary School 5.000 5.000 4.587 3.233 5,000 4,720 13,430 10,000 5,000 1,604 1.000 5.000 Total 27,540 36,034 TRUSTEES, REMUNERATION During the year. no Trustee received any remuneration, benefit in kind. or reimbursement of expenses. STATEMENT OF FUNDS 2024 2023 Unrestricted - general funds Balance at 1 January Net movement in funds for the year 2,690 7.450 3,724 (1,034) Balance at 31 December 10.140 2.690 SHARE CAPITAL The Company is a company limtted by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the Company being wound up.