OLD EPSOMIAN CLUB 1952 TRUST
Charity No. 1101820 TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025
## LEGAL & ADMINISTRATIVE INFORMATION
The current trustees are Christian Elliott and lan Hargrave. The details of the trust funds information is as per the Financial Statements
The address of the Charity during the year under review is as
follows:
c/o Director of Development, Epsom College, College Road, Epsom, Surrey, KT17 4JQ,
The independent Examiner is Paul Golding ACA.
The investment adviser is Quilter Cheviot Limited.
## COMMENTARY ON FINANCIAL ACCOUNTS
During the year under review the Trust made bursary payments to Epsom College of £52,010 to one bursary recipient.
The Trust made a net realised gain of £64,659 on sale of investments.
The market value of the investments as at 5 April 2025 was £749,571 The balance ofthe[portfolio] has[risen] through the year[as] markets have staged a steady recovery and improvement. The invetment outlook remains positive.
## PinsChristian chewy[Elliott] Cuaateh—
**----- Start of picture text -----**
\
Hasynrave
**----- End of picture text -----**
Date 72 WmeMKES ZR25
}
OLD EPSOMIAN CLUB 1952 TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
OLD EPSOMIAN CLUB 1952 TRUST GENERAL INFORMATION SHEET
## Date of Settlement:
The Trust was constituted by Deed dated 7 October 1953 with the initial fund of £5
## Trustees Christian Elliott Ian Hargrave
## Principal Terms:
The underlying purpose of the Trust is to provide bursaries, out of income, for the students at Epsom College who are the sons and daughters of Old Epsomians. Financial circumstances are relevant in determining the amount of the bursary.
1
|OLDEPSOMIAN CLUB 1952 TRUST||||
|---|---|---|---|
|BALANCE SHEET||||
|AT 5APRIL 2025|Note|2025|2024|
|||£|£|
|Investments|2|749,571|689,147|
|Cash atbank|4|63,243|90,995|
|Creditors|5|is|.|
|||812,814|780,142|
|Represented by||||
|Capital Account|3|545,362|480,703|
|Income account|3|267,452|299,439|
|||812,814|780,142|
Approved by the Trustees on 78 NovenkeR 2025
## Christian Elliott
**----- Start of picture text -----**
Jan Hargrave
**----- End of picture text -----**
2
|OLD EPSOMIAN CLUB 1952 TRUST||||
|---|---|---|---|
|CAPITAL ACCOUNT||||
|FORTHEYEAR ENDED 5APRIL 2025|=Note|2025|2024|
|||£|£|
|Balance broughtforward||480,703|490,576|
|Additional settled funds||-|-|
|Transfer from Income Account-||||
|Gain / (loss) on sale ofinvestments|2|64,659|(9,873)|
|Balancecarriedforward|3|545,362|480,703|
3
|OLDEPSOMIAN CLUB 1952 TRUST||||
|---|---|---|---|
|INCOMEACCOUNT||||
|FORTHEYEARENDED 5APRIL 2025|=Note|2025|2024|
|||£|£|
|Income||||
|Dividends and interests received||24,703|28,587|
|Gain/(Loss) on sale ofinvestments|2|64,659|(9,873)|
|Bank interest received||-|-|
|||89,362|18,714|
|Expenditure||||
|Portfoliomanagement fees||4,621|5,292|
|Accountancy fees||-|-|
|Legal fees||-|2,651|
|Licence fees||59|60|
|Insurance||.|910|
|Bursaries||52,010|-|
|||(56,690)|(8,913)|
|Netincome / (loss) for theyear||32,672|9,801|
|Balance brought forward||299,439|279,765|
|Net income/ (loss) forthe year||32,672|9,801|
|Transfer to CapitalAccount—net (gain) /loss on investments||(64,659)|9,873|
|Balancecarriedforward|3|267,452|299,439|
4
OLD EPSOMIAN CLUB 1952 TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting policies
## Accounting principles
These Financial Statements have been prepared in accordance with the historical cost convention.
## Investments
Investments are being held for the long term and are stated at cost unless there has been a permanent diminution in value in which case they are written down to their net realisable value.
## Investment income
Income from investments is brought into account when it is received by the settlement and after deduction of withholding taxes.
## Ze Investments - at cost
Investment holdings are shown at their book cost. The accounts should be read in conjunction with the schedule of investments on page 6.
## 3.
## Income and Capital account
The movements in the accounts are shown on pages 3 and 4.
|4.|Cash atbank|2025|2024|
|---|---|---|---|
|||£|£|
||Deposits with Quilter Cheviot|28,087|78,770|
||Current account withLloydsTSB|35,156|12,225|
|||63,243|90,995|
|5.|Creditors|2025|2024|
|||£|£|
||Sundrycreditorsandaccruals|-|-|
5
OLD EPSOMIAN CLUB 1952 TRUST
## Schedule of investments
for the year ended 5 April 2025
Investment - Shares & securities
|Security description|Holding|Book costs|Marketvalue|
|---|---|---|---|
|||£|£|
|Equities -UK/Global||||
|Quilter Investors QC Global Income andGrowth Fund|650,941|751,658|718,639|
|||—___751,658|718,639.|
6
OLD EPSOMIAN CLUB 1952 TRUST Charity Number: 1101820
## INDEPENDENT EXAMINER’S REPORT
## TO THE TRUSTEES OF OLD EPSOMIAN CLUB 1952 TRUST
| report on the financial statements of the charity for the year ending 5 April 2025, which are set out on pages 2 to 6.
## Respective Responsibilities of Trustees and Examiner
The charity trustees are responsible for the preparation of the financial statements. The charity trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 (the “2011 Act”) and that an independent examination is needed.
It is my responsibility to:
- e Examine the financial statements under section 145 of the 2011 Act; e Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5) (b) of the 2011 Act); and
- e State whether particular matters have come to my attention.
## Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a “true and fair view” and the reports is limited to those matters set out in the statement below.
## Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements a. to keep accounting records in accordance with section 130 of the 2011 Act; and b. to prepare financial statements which accord with the accounting records and comply the accounting requirements of the 2011 Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Paul Golding FCA 14 Brambleton Avenue, Farnham, Surrey GUS 8QU