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