2024-12-31-accounts

Trustees. Annual Report for the period Period start date Day Month Year January 2024 Penod end date Day Month Year To 31 December 2024 From Section A Reference and administration details Charity name Achilles Trust Other names charity is known by Achilles Club Trust Registered charity number (if any) 1152963 Charity's principal address 16 Tudor Close Woodford Green Essex Postcode IG8 OLF Names of the charity trustees who manage the charity Trustee name Offlce Ilf any) Dates acted if not for whole ear Name of person (or body) entitled toa olnt tru8tse ifan Ms Bridget Vvheeler Mr Paul Willcox Dr Ailsa Wallace Dr Joanna Cripps Prof Joan Lasenby Mr John Crosse 9 July 2024 onwards 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, {for example. any custodian trustees) Name Dates acted if not for whole ear TAR March 2012

Names and addresses of advisers (Optional infomiation e of adviser Name Address Name of chief executive or names of senior staff members (Optional inforniation) Mr Alan James, Clerk to the Trust Section B Structure, overnance and mana ement Description of the charlty's trusts Trust deed Type of governing document How the charity is constituted Trust Trustee selection methods Trustees are empOWe￿d to appoint additional or replacement trustees as they see fit Additlonal governance issues (Optional informatlon) The Achilles Trust was founded by trust deed on the 30 December 1965. An amendment to the declaration of trust was adopted on 27 January 2014. This amendment was accepted by the Charity Commission on 1 April 2014. The amendment extended the scope of the trust to allow it to assisl "students in statu pupillari. at Oxford and Cambridge Universities rather than undergraduates. You may choose to include additional information, where relevant, about.. policies and procedures adopted for the induction and training of trustees- the charity's organisational structure and any wider network with which the charity works; relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives 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 universities. It can also support other charitable educational purposes, in particular relating to the encouragement of athletics generally. Summary of the objects of the charity set out in its governing document TAR March 2012

The trustees and clerk consistently support the promotion and encouragement of athletics amongst Oxford and Cambridge students. In 2024 the Trust supported a tour organised by the Achilles Club to Japan, subsidising 63 student athletes to enable them to compete in Tokyo. 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 the oldest annual fixture in athletics. They also supported other initiatives such as the Achilles Schools Relays event in Oxford. The Trust provides direct financial support to both Oxford University Athletic Club and Cambridge Universrty Athletic Club, whose remits so closely overlap with that of the charity. This was helped by ongoing commitments from former members of these clubs. In 2024 there were also significant one-off donations that were passed on to Cambridge University Athletic Club. As student athletic clubs, trustees considered this support to be entirely consistent with the remit of the Trust. The Trust provided support to help cover the cost of Oxbridge student athletes selected to compete in the world student cross country championships and funding to facilitate a 2025 Transatlantic tour to Ivy league universities. The trustees have had due regard to the guidan￿ issued by the Charity Commission on public benefit. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and actlvities (Optional information The Trust offers support for 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 which are supported by the Achilles 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 club and the Achilles Club. You may choose to include further statements, where relevant, about: policy on grantmaking,. policy programme related investment" contribution made by volunteers. TAR March 2012

Section D Achievements and performance The Achilles Trust continues to support student athletes at Oxford and Cambridge Universities. Highlights for these athletes in 2024 included numerous suc￿SseS at various BUCS national championships and the selection of Jeremy Dempsey and Phoebe Barker to compete in the world university cross country championships in Oman. Thanks to generous donations the charity was able to support 63 student athletes to compete in Japan as part of an Achilles Club tour, taking on a team featuring athletes and alumni from 4 major Japanese universities. Summary of the main achievements of the charity during the year Section E Financial review No formal policy. The Trustees usually intend to fund their charitable aims out of donations and income from investments 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 when there are sufficient funds to meet expected medium term expenditure. Brief statement of the charity's policy on reserves Details of any funds materially In deficit None Further financial review details {Optlonal infomiationl The Trust relies on the income from its investment portfolio alongside donations. The Trust receives both one off donations and regular monthly or annual standing order payments. In 2024 the Trust received one-off donations to support Cambridge University Athletic Club. All expenditures in 2024 directly supported the key aims of the charity. The Trust follows a long term investment objective, seeking to maximise income to support its charitable aims. Investment funds were managed by Canaccord Genuity Wealth Management, via a managed portfolio service to limit fees, with a balanced income strategy. Some funds are managed on a restricted basis having been donated by American Achilles Foundation, a US based charity. These funds are mainly for use to support the Transatlantic Senes of university athletic competition and capital may be drawn down to support the series rather than relying on the revenue from investments. These restricted funds may only be used for the proper charitable purposes of the Achilles Trust You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity,. investment policy and objectives including any ethical investment policy adopted. TAR March 2012

consistent with the statutes of the American Achilles Foundation. As of end 2024 the total value of investments was £361,222 of which £85.569 was held in funds manged on a restricted basis. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signature(s) Full namelsl Positlon (og Secretary. Chalr, etc) f(4J L { Date ff /IL) f2f TAR March 2012

CHARITY COMMISSION FOR ENGIAND AND INAIE Achilles Trust Receipts and payments accounts CC16a For the period from To 0110112024 3111212024 Section A Receipts and payments Unrestricted funds Restricted lund8 Endowment funds Total funds Last year to the near•Bt to tho rt￿￿t£ to thg nearg8t £ to th• n￿r•st É to thg noaro8t £ A1 Recei Genar81 donabons and Gift Dividends and bank Inlere3t 135,199 11.$40 135,199 15.069 14,863 14,364 3,529 mss income or AR) 146.739 3,529 150.288 29.227 88et an (see table). None nves ment 8a e8, Total recelpts 150,268 A3Pa ment8 Flight subsidies for Japan tour Support for CUAC Support for OUAC Tr8nsall8ntic tour 2025 Elile student athlete subsidy Japan tour kit and accomodab'on Cornpetition vest costs Funding Transadanti¢ visits 50,400 67,064 SO,400 67,064 1,906 6.000 1.750 9,574 8,531 2.063 1,471 1,750 9,574 3,529 soo 788 26,800 Sub total 132.165 3,529 135,694 38,682 A4 Asset and Investment urchases See table Transfer to Investment ortfolios includln bank fee8 6.000 Sub total 5,000 132,165 3.529 135,694 33,682 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 14.574 14.574 4,455 32,185 32,185 17,611 CCXX R1 accounts {SSI 1711012025

Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nea￿St £ Restricted funds to nèarest£ Endowment funds to nèarest £ B1 Cash funds Current aNI sawngs bank acc￿nts 32.185 Total cash funds 32.185 lagr¢• t•￿%¢$ wiOS and p•m*rts xsth(s11 Unrn8tr1cted funds to neareBt £ Ro8trlct?d funds to nearest £ Endowment funds to n￿rest £ Fund to whlch •S8•t bèlon Curront valu• tional 275,653 Cost loptlon&ll B3 Investment a880t8 Investment5 manapj by Canactsjrd Rèstnctèd Investments m4fiW fty 8S.569 Fund to whlch ass•t ￿lon Cvrr8nt valu• tlonal COBI loptlonall charlty'8 own use Fund to whlch l￿bIl Amount (Jue Wh•n du• tlonal B5 Llabllltles Signed by one or Irustees on b8half of all thg trust Signature Print Name Dale of roval IS/ia/2) CCXX R2 accounts {SSI 1711012025

Achilles Trust (No. 1152963)

Review of Accounts for the Year Ended 31 December 2024

(as approved by the Trustees on 18 October 2025)

I have competed 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 Charities Act 2011; 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 the 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.

Signed:

Trevor Link

Retired Chartered Accountant

Zauchenseestrasse 19A/1, 5541 Altenmarkt-im-Pongau, Austria

20 October 2025