Trustees. Annual Report for the period ISS Pefiod start date Period end date Year 2022 From To131 Section A Reference and administration details Charlty name Achilles Twst Other names charlty Is known by Achilles Club Trust Rogistored charlty nUM￿r (If any) 1152963 Charlty's prlnclpal addre 16 Tudor Close Woodford Green Essex Postcodo IG8 OLF Names of tho charlty trustees who manage the charlty O•t•• actsd If n¢t fort*ho ear Tru8t•• n*m• Offlea {If anyl Name of pernon lor bodyl •ntltl•d olnt tru8ts0 Ifan Ms Bridget Wheeler Mr Paul Willcox Dr Ailsa Wallace Dr Joanna Cripps Prof Joan Lasenby Appointed 8 May 2022 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, If any, (for example. any custodian trusteesl Name Dates acted rf not for whole oar Names and addressos of advisors (Optional Inforniatlon) of adviser Name Address Name of chlef executive or names of senior staff members (Optlonal infomiatlon) Mr Alan James, Clerk to the Trust Section B Structure, overnance and mana ement Doscrlptlon of the Charfty's trusts Trust deed Typ8 of goveming document How the charity is constituted Trust Trustee selection methods Trustees are empowered lo appoint additional or replacement trustees as they see frt Addltlonal governanc• Imues (Optlonal Infomiatlon The Achilles Trust was founded by trust deed on the 30 December 1985. An amendment to the declaration of trust was adopted on 27 January 2014. This amendment was a¢￿pted by the Charity Commission on 1 April 2014. The amendment extended the scope of the trust lo allow it lo assist "students in Statu pupillari. 8t Oxford and Cambridge Universities rather than undergraduates. You may choose to include additional infonnation, where levant, about.. policies and procedures adopted for the Induction and training of tru8tee8- the charity's organisational structure and any wider network with which the charlty works; relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities The Achilles Trust aims to support the promotion and encouragement of athletics amongst students of Oxford and Cambridge Universities. It supports athletics fixtures of these students, in particular the Transatlantic Series of fixtures with US universtties. It can also support other charitable educational purposes, in particular relating to the encouragement of athletics generally. Summary of the objects of the ¢harity get out in its governing document The trustees and clerk consistently support the promotion and encouragement of athletics amongst Oxford and Cambridge students. Activities in 2022 remained somewhat curtailed by the restrictions stemming from COVID-19. In particular a scheduled tour by students to the United States Ivy League universities was delayed for a second year and will now happen in April 2023, the Trust provided funds in 2022 to over flight deposits for this tour. Trustees help organise inter-varsity sport, including a freshman's match, a field events and indoor relays fixture and the annual athletics sports, which is thè oldest annual fixture in athletics. Trustees agreed to support eligible students on an alhlètics tour to Monaco and southem France following an invite lo the Achilles Club from the local club hosts of the Diamond League Herculis fixture. The charity provided a subsidy lo help 50 students to attend the event, with many of these able to compète in an open meeting al the venue during the day before the Diamond League. The tour also provided training opportunities mainly in Southern France. including in the NI￿ stadium. The Trust provided a grant to aKI PhD student and Olympic athlete Louise Shannon with Coaching costs which had been eXa￿[bated by th8 realignment of the championship calendar post-covid. The Trust provided direct financial support to both Oxford Universlty Athletic Club and Cambridge University Alhletic Club, whose remit5 $0 closely overtap y￿th that of the charity, helped by ongoing commitments from fomier members of these clubs. A8 Student athletic clubs, truslees considered this support to be entirely consistent with the remit of the Trust. The chanty also provided funds to assist with the Achilles Schools Relays event in Oxford, which is open to all secondary schools in England and Wales, specifically funding first aid cover for the event. The Achilles Schools Relays is wsdely recognised as the de facto national championships for relay events enabling it to attract schools from a wide geographical area, with an ongoing effort by its organisers, who are members of the Achilles Club doing this both on a voluntary basis and within their teaching roles. to broaden the inclusiveness of the event. The trustees have had due regard to the guidan￿ issued by the Charity Commission on blic benefit. Additlonal detalls of obJectlvwJ and a¢llvftles (Opdonal Infomiatlonl Summary of tho maln actlvltles undertaken for the publlc benefit In relation to these objects (Include within thls section tho statutory declaratlon that trustses hav• had regard to the guidance Issued by the Charity Commlssion on public beneftt) The Trust offers support coaching and similar expenses for Oxford and Cambridge University athletic clubs and their members and can offer financial hardship support to student athletes. Many members of the Achilles Club (the charitable aims of wthich are supported by the Athilles Trust) continue to give their time to support athletics amongst young people. Trustees and the clerk to the trust are volunteers supporting a range of athletics events, including but not limited to fixtures of the university athletic clubs, the Cambridge University Hare and Hounds running dub and the Achilles Club. You may choos8 to include further statements, where relevant, alx)ut'. policy on grantmaking.. policy programme related investment.. contributlon made by volunteers. Section D Achievements and performance The Achille$ Trust continues to support student athletes at Oxford and Cambridge Universrties. Highlights for these athletes Included an lrtsh record al 800m for Cambndge PhD student Louise Shanahan, who also competed in the event at the Worfd athletics thampionships in Oregon, USA and was a finalist in the European Championships in Munich, Gemiany. Student athletes continued to enjoy success at national level, Including winners and medallists at the BUCS championships and England national senior and age group events. Trustees y￿re very dosely involved in facilitating Inter-varsity competition. induding the 147th Varsity Match. wrth the delay in the resumption of the Transatlantic series due to intemational travel issues, the Trust's support was pivotal to ensuring successful short Achilles tour to Monaco and the South of France. Wrthout this, covid cancellations vnuld have meant that many not hav8 had the opportunrty to compete outside the UK or against teams from other countries while still students. Over 40 Achilles athletes, mostly students whose accommodation was subsidised by the Trust, competed in the pre-diamond league event in the Monaco stadium despite a relatively limrted range of events on offer. the visiting party invited to watch the following international event. Summary of th• Maln achievoments of thè charlty durlng the year Section E Financial review Brief statement of the charity's policy on reserves No fomial policy. The Trustees usually intend to fund their charttable aims out of donations arKI income from investm8nts but have unrestricted power to take money out of the investment portfolio to fund the stated aims of the Trust. Money from donations can be transferred into the investment portfolio vthen there are sufficient funds to meet expected medium tenn expenditure. Details of any funds materlally in deflclt None Further financial rnvlow detalls (Optional Inforniation) You may choose to include The Trust relies on the income from its investment portfolio alongside additional infomiation, where donations. The Twst receives both one off donations and regular monthly relevant about: or annual standing order payments. In 2022 there were very few one-off the chanty's principal payments but a disproportionate share of Gift-aid revenue stemming from sources of funds (including donations made during the covid period vthen expenditure was curtailed. any fundraising)., All expendrtures in 2022 directly supported the key aims of the charity. The Trust follows a long tenn investment objective, seeking to maximise how axpenditure has income to Supp￿ its charitable aims. Investment funds w8r8 managed supported the key objectives by Punter Southall Wealth. whith during the year was taken over by of the charity., Canaccord Genuity Wealth Management, via a managed portfolio service investment policy and to limit fees, with a balanced income strategy. objectives including any Some funds are managed on a restricted basis having been donated by ethical investment policy American Achilles Foundation. a US based charty. These funds are adopted. mainly for use to support the Transatlantic Series of university athletic competition and caprtal may be drav4n down to support the series rather than relying on the revenue from investments. These restrict8d funds may only be used for the proper Charitable purpose$ of the Achilles Trust consistent with the statutes of the American Achilles Foundation. As of end 2022 the total value of investment8 was £353,730 of which £88,280 was held in furKl8 maThJed on a re8tn.cted basis. Section F Other optional information Section G Declaration The trust995 deGlare that they have approved tho trustoes, report al)ove. Signed on ￿half of the ¢harlty'8 trustees Signature(s) iv LAEÉhh IIIisTEe . Full name(s) Posltion (eg Secretary, Chair, etc) Date IC 23 |**Charity Name**||**No (if any)**||| |---|---|---|---|---| |**Achilles Trust**||**1152963**||| |**Receipts and payments accounts**||||**CC16a**| |**For the period**
**from**|Period start date
01/01/2022|Period end date
**To**
31/12/2022||| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**19,677**
**9,856**
**-**
**-**
**-**
**-**
**-**
**-**
**29,533**
**-**
**-**
**-**
**29,533**
**8,823**
**3,063**
**1,500**
**13,232**
**1,000**
**350**
**-**
**-**
**-**
**27,968**
**-**
**-**
**-**
**27,968**
**1,565**
**-**
**20,501**
**22,066**|**Restricted**
**funds**
**to the nearest £**
**-**
**3,077**
**-**
**-**
**-**
**-**
**-**
**-**
**3,077**
**-**
**-**
**-**
**3,077**
**3,077**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3,077**
**-**
**-**
**-**
**3,077**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**19,677**
**12,933**
**-**
**-**
**-**
**-**
**-**
**-**
**32,610**
**-**
**-**
**-**
**32,610**
**11,900**
**3,063**
**1,500**
**13,232**
**1,000**
**350**
**-**
**-**
**-**
**31,045**
**-**
**-**
**-**
**31,045**

**1,565**||**Last year**
**to the nearest £**| |General donations and Gift Aid|**19,677**|||||**6,343**| |Dividends and bank interest|**9,856**|||||**11,043**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**29,533**|||||**17,386**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| |**None**|**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**17,386**| |||||||| |
Prefundingfor 2023 US tour|**8,823**|||||**8,727**| |Support for CUAC|**3,063**|||||**4,100**| |Support for OUAC|**1,500**|||||**1,781**| |Subsidising 50 students on tour to
Monaco and France|**13,232**|||||**-**| |Elite student athlete subsidy|**1,000**|||||**-**| |First Aid|**350**|||||**295**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**27,968**|||||**14,903**| |||||||| |**A4 Asset and investment**
**purchases (see table)**||||||| |**,**
**Transfer to investment**
**portfolios (including bank fees)**|**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**14,903**| |||||||| ||**1,565**|**-**|**-**|
**1,565**||**2,483**| ||**-**|**-**|**-**|**-**||**-**| ||**20,501**|**-**|**-**|**20,501**||**18,018**| ||**22,066**|**-**|**-**|**22,066**||**20,501**| CCXX R1 accounts (SS) 20/10/2023 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investments managed by Punter Southall
~~Wealth~~
Restricted investments managed by Punter
~~Southall Wealth~~
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Current and savings bank accounts
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**22,066**
**-**
**-**
**-**
**-**
**-**
**22,066**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Paul Willcox|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**265,449**| ||||**88,280**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Paul Willcox|20/10/2023| ||||| Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS) 20/10/2023 2 ## **Independent examiner’s report to the trustees of the Achilles Trust** I report to the trustees on my examination of the accounts of the Achilles Trust (the Trust) for the year ended 31 December 2022 ## **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 2011 Act and in carrying out my examination I have followed all the 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. 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. DANIEL HOOKER, ACA 3 Trinity Place Easton Street High Wycombe Buckinghamshire HP11 1WN 20/10/2023