CHARITY REGISTILITION NUMBER: 1189537 The Claude Thompson Charitable Trust Unaudited Financial Statements 5 April 2024 PA BILLIN N&H NEY LLP Chartered Certified Accounthn Nurneric House 98 Siaiion Road Sidcup Keni DA15 7BY
The Claude Thompson Charitable Trust Finaneial Statements Year ended 5 April 2024 Pages Tn]stees' annual report Ito3 Independeni examiner's rell io ihe iNsiees Statement ot financial activities Statement of financial position Notes io the financial siatements 7toll
The Claude Thompson Charitable Trust Trustees, Annual Report Year ended 5 April 2024 The irusiees present Iheir re( and ¢he unaudiknl financial of the eharity for the year ended 5 April 2024. Reference #nd adtnlnl$trallve dethll$ ReRlslered charlty name The Claude Th)mpwn Chzritsble Trnsi Charity registration Dumber 189537 Prlncipal uffiee 17 LinL% Road Ep%om Surrey KT17 IPP The trustee5 P¢i¢r Richard Chapman Nigcl WilliiLm Angus Bdrrie Upion David Waller Gulland lan M(irri%h IIMnker8 Meir() Bank 91 HigTh Sireei Ep%()m SurTiy KT19XDR Jnv¢strnenl Mana8¢r Brcwin Dolphin l? Siniihfield Sircci iA>TKion ECIA9DB Independent examlner M. Fit)ni% ACA. ACCA NUnriL Hou.%e 98 Siaiion Road Sidrup Kent DA15 7BY Structiirel governance and managemeDI Governing documpnt The charity is con%tLiuied under a TnLSt Deed da*d 12th FebnI 2Q20 and th Supplemeniary Deed dad 14th April ?020. 11 was rLgisicTed wi(h Ihc Chariiics Commission on 18ih May 2020. Thcrc have bccn no changcs in its goveming documents during ihe ljnatKial year.
The Claude Thompson Charitable Trust Trustees, Annual Report1¢o#iiN} Year ended 5 April 2024 Strncturey EoTrernAnce and maDa2emEnt Governance The Tru%iees are ap]x)irted foi fixed and. by A11 consent, may be re-ap]x)inied. Trugiees are Tecruiied wilh [egd io Iheir respeciive knowledge and experience. There is a comprehethsi%'e pre-appointmeni briefing for new Tnisiees. Any new Tnjsiees are aprM)inied by Ihe exisiing Tn1ce b(xly. There is a minimum number of tour and a tnaximum number of eight Trusiees. The aim is io ensure ihai a wide eXprIenCe of anlaieur %pon is represenied with an appropriate level of skills io manage ihe affairs of ihe Chariiy in a pen1 and appropria tn(IDDeT. Man4Rement The charity j5 adminisiered by David Gulland as Secretary wilh support from her Trusiees acring as volunreers. The Tru%tee JY as a whole overseas the man4L8emeni of the Chariiy. Objtrtlves and #ttlvltles Th¢ purpos¢% of ihe Chtiriiy. as s¢1 oui in th¢ D¢¢d. are io Promo th¢ ponicipaiion in aJnai¢ur %pon by Indking granis 1() Fp%()m Sp()ri.% Club or 10 oiher charitie% providing faciliiies for Jmdieur spori. In %haping Ihe objeLiive nd planning aciiviiic.%. Ihe Tru¥iee.s have con%idered Ihe Chariiy Commi%%ion's guidancc on publiL hciiclil. inLludingT the guidunce 'PubliL Benefii.. running a chariiy IPB21". AchlevemenL$ and Perfornmet Durinbl the financial year the Chariiy w&% approached by Ep4)m Sports Club aboui p)ieniial fJnJnciol %upp()M ()n Iw() maj()r pnijeLls. The Chdriiy has indicad io the Ep%om StM)ris Club Ihdl li will PT()vide suppL)rt i)ii Ihe pr()jLLl% al an appr()priaic lin. However. nciiher pr()JcLI w&s ai a 4uiiable siagc f()r uwarding gran1.¥ during Ihe linanLiJl yeiir. AN a re4ul¢. thc ChaTily did noi makc any gTilnl.% during ihe finarKial y¢ar. N()nLihLIL44, Ihl Chiirily IS %¢iiiili¢d thai by expr¢.%1ng 11% willingffs% 10 pmvide in the very near fuivr¢ il 1% fullillinb il% ¢hiirilJble c)bj¢iliV¢%. II ex¢¢5 10 make %uhidniiJl grani% io th¢ Ep%(>n srts Club in nexi finan¢ial year. enahling Eps(Im Sp()ri% Club ii) hLeVe 115 objeeiives including ihe pronli0n ol partieipaiion in aNieur %pon. Prlncipal rl.sks 8nd unceriaintie5 The ¢rusiee.$ ¢on.¥idered Ihai ihe main risks were a$ follows: I I Inve%tment ri.%k- ihe ¢xmdl ¢nviri)nnni l¢dding to a significani fttll in rket vdlue of inve%inni% and lo%$ of invebtmeni income. 21 Operational ri.sk Ihe risks wiihin Epsotn Swkrts Club arising from its P055ible inabiliiy to generate dev¢lopmeni furtd5 and support il.s wide ar¢a of arlivili¢%. Th¢ fir¥t risk i.s mandged by LL%ing pmfe%sioNI external invesimeni markLger% i)rtraiing a regularly reviewed Invesimeni Policy. The second risk is mitigaied by regular dialogue beiween the Chariiy and Epwm SrM)n8 Club. Grant making policy Funding r¢qu¢st¥ Jff made by Epsom S]x)rts Club iiNI a ron5idertd bJs'is. Dllrirtg th¢ year the Chdriiy develc?ped d lortg ternh.%tra*gic appr(Mch to IL% grdni making )I1¢y.
The Claude Thompson Charitsble Trust Year ended 5 Ap 2O2A Noltab8[$Dtr w¢ff Tnod¢dwingU yer (weviouslyof U1J(W. No IerveS ate heid for ally po1181 f40ty¢ Itabilittes giv¢tt the ]jatt of & lJJxtity$ OP¢TatioDs Trbich coDsist The net oFrntitiS swpIu5 f4)r th6 yfdar wa3 £23,251 Aft investztut saiES the net swplus fw the ye4r w& £83288. thE year the portCo]io expienCEd an Overall investrot perf[Mn of 8.0%(pECVi4S pcriod: (4)%). taking OTte year another. seek to srRftd all net incotnt ¥8 XL 1$2$. T]wtre6 se¢k ts 10t1 t thie itsi appropri&tc to tF op¢rntior of the TrnsL Th¢ Tftjth rollsider t& the 1¢ of Such funds at 5th l..7..S*.2è.¥. &igD&aon behalf ofth¢ ix)ardof tThst¢cs ty.
The Claude Thompson Charitable Tnt Independent Ex8mSner's Report to the Trnstees of The Claude Thompson Charltable Trust Year ended 5 Apri] 2024 I report 10 th¢ trus¢$ on my examination of the financial slaiements of The e]aude Thompsort Charitable TtUSt I'the charity'l for t y¢ar eth 5 April 2024. Re5ponslbllltles and bLI of report As the Ituslees of the charily you a]t responsible for the prepation of the fxnancial statements in accordaoce wilh ihe Tequir¢nts of the Charities Act 2011 ('th¢ Act'l. I report in respect of tny exgmina¢ion of th¢ ¢hgsitys financial $tthJnBnts rattid out under section 145 of the 2011 Act and in catrying out my examinauon I have followed a]1 the applicable Dire¢iiorts given by the Chatity Cotnmi5sion under s¢ciion 145{51{bl of the Aci. Jndepeftdellt exEner.5 sÉRtenl I hav¢ compl¢ied my eXninatIO)l. I confirni thai no maieftal matters have come lo my attention uj cotllLectio ih the exdminutiDn giving Tne rau5e to believe that in tnateriBJ respECt.' acci>uThting records were Trot kept in respect of the ctwity as required by se¢¢ion 130 of the Act,. or the f1t1la1 stakmettis do noi a¢¢ord with those tecoids,. or the financial sthiemettts do not tomply with the applicable requirements cotteeynittg the fomi and colltenl of account5 sel oui in the Charities (Accounts Reports) Regulations 2008 other thall any requirement that the accounts giv¢ gnd fair, vi¢w wbich is not & mall¢r ¢on5id¢red 85 part gf 4 indepez¥]cni exatninaLiOn. I havB no concen2s and have cotne aCSS no ithei matkts in connection with (he examinatLOll to which atteniioo should be drRwn in this rep(>rt in order to enable a propBr understanding of the accounts to be reached. M. FinniB ACA, ACCA Independent Examincr NunRric House 98 Station Ro Sidcup Kent DA15 7BY
The Claude Thompson Charitable Trust Statement of Finaneial Activities Year ended 5 April 2024 2024 2023 Unresiricied funds Total funds Tothl funds Income and endowments Invesimertt income 33,013 33,013 31,261 Tot41 iNcvThe 33,01 3 33,013 31,261 Expenditure ExpLndilurL tsn rai%ithg funds: Invesijneni managetrnni cosis Expendiiiire on ithbl¢ a¢ijvLIi¢S Total expendlturt 8.597 8.597 164 8,779 32,280 9,761 9,761 41,059 Nei gain%lllo%s¢s1 on inv¢sinxnis (rf).O36 60.036 195.0991 Net Incomelltxpendlturel and ntt wvemtnt funds 83,288 83,?88 1104.84)71 Reconelllatlon offunds Ti)Idl I'undN hriiii¥hi Ic)rwdrd Total funds carrfed fonvard 1.241.075 1.241.075 1.14.S.979 1..1?4.161 1.124.161 1.241.07fj The siaiemeni cTrf financial )¢iiViliei incIje8 all gain8 aDd lo%%¢% re¢ogni%¢d in the year. All inL(Ime and expendiiure (ierive from c()niinuing dciiviiie%. The Th)tes on pa80% 7 ts 11 fom port ofthese ISna1 stateiiients.
The Claude Thompson Charitable Trust Statement of ThiaudAI P(1th 5 Ap 2024 23 I143 1,194,757 1.416 14 41901 C28h tttbaDk&t inljand 47,CB8 870 73.820 46318 lJ24.363 lJ2Èk363 1.241,075 NetAwts 1241.075 I J24363 IJ2L363 124i,(r15 1.241.075 l6
The Claude Thompson Charitable Trust Notes to the Finaneial Statements Year ended 5 April 2024 Genergl InforntIOn The chariiy is a public benefii eniiiy and a regisred chariiy in F.ngland and Wales and is unincoTporaied. The a(Idres% of the principal office is 17 Link¥ Road. EpSOL Sunry. KT17 3PP. Statement ofcompllanet These finaticial siaienKnis have beerh prepared in compliance with FRS 102. The Fjiiancjal Reponjng Siandurd applicable in the UK ar Ihe Republic of 1relthr.. Ihe SiaienKni of Recomrnended Pi'uclice uppliLuble to chariiie% PTep<wing IheiT accouni% in dccord41nce Ihe Financial Rewining Sian(lurd appli¢<ible in the UK and Republic of ITelJrKI IFRS 1021 {Chill¢S SORP IFRS ID211 iU)Ll the Ch11)e% ALt 2011. Accounting policies uf preparatlo Thl linAnLial %¢a¢L'mL'ni% have beert prepad hisiorical cosi b&sis, as nMKlifJed by the revaluaiion of ¢¢rtiiin lindncial and liabilities and inv¢%imeni Pro1¢% In¢2sur¢d ai fair value through incoine or expenditure. The financial %lUtetl are preped in ¥ierling, which is the funciional currency ()( the en¢ily. IFoln8 eonctrn There dr¢ no mai¢rial uncertainiies the charity % abiliiy 10 wniinu¢. Jud%ernents and key source5 of elmli0n uncertalnly There were no es1imaie% or judgemenis made in preparniion o( fiNn¢ial slaiemenLs. Fund accounting UnrebifiLted (unds are available lor use ai the dire110ft of vu%iees 10 further any of Ihe Lhdrity's purpo%c¥. Incomlng re50uree5 All inc£)me i$ inelu<led in the siaiemeni or rinancial aCiiViLlt8 when enliilemeni has pL%%ed 10 the charity. il 1% probable thdt the economiL nerILl aSWLiaied the tran%aciion will flow ii) the Lhaniy and Ihe amouni caTh bc rcliably tnc&surcd. Thc followin8 SC]rIC lICic5 arc applicd 10 particular caicgorics of inrome.. inLf)me fr()m inve%imeni% i% recognised on receipt.
The Claude Thompson Charitable Trust Notes to the Finaneial Statements Year ended 5 April 2024 AtcouDtiD% policies (coHlxnutd) Resource5 expended EXndItre is recogthised ort an acenlS basis as a liability is ineutred. EXnditre intllldes any VAT which cannot be thlly recovered. and is classified u]knler headings of the stsmeni of finartcial activities 10 which Ji relaies. F.xpenditure on chariiabk ac1117¢$ include.4 all COSL% incurred by the charity in undertaking activiiieli thdt further il% charitiible ilirn% for Ihe benefii of IL% beneficiarie%. including iho sUPrt CO%ls and co%ts reld¢ing io the gtsYern of the LbaTily tspwrtiOJJLal io ¢hdril(Ible aLuviti¢%. All eo%1% are all{&¢e 10 expenditure eagories refleaitlg the use of Ihe re%ource. Direct cosi% atiribuiable io a single aciiviiy are allaled direcily io thai aciivity. Shared costs are apponioiied beiween Ihe dciiviiies they coniribuie io OTh a reasonable. jullifiable ar¥J coThsiMeni basis. Fixed ass¢1 iThvesim¢nis or¢ initially r¢¢orded 01 ¢0. a1 subs¢qu¢nily siaied 01 market valu¢. Investrnenl property Invc4imeni prc)Nrty 1% inilially recordcd ai cost, which includes purch&%c price and dirccily aiiribuiable expen(Jiture. Inve%imeni pri)perty 1% reva]ued 10 li% fair value at e¥h rerx)rting dai¢ al any chang¢% in fdir vdlue are reco8ni%ed in incorne or expendiiure. If u rcliiiblc meii%ure of fiiir valuc 1.4 no longer availlible wiihoui un(Jue rohl or effort for un iicm (If invc4imcni pri)pcrty, il Nhall be Iran%(erred lo langible and Ireaie(J &% huch uniil il 1% eXLICd Ihiil foir Value will be reliably n¥%urable on on on-going basis. Flnanclal Instrument A financial asset or a fIrncl1 liability is recogni5ed only when the entity t*comes a party io the oniractual provision5 of the instrumeni. Bd%lL findnLidl in%irument% ar¢ initidlly rec(Trgni%¢d at the am(?uni reL¢ivdble i?r pJydbl¢ including any reldted transdLtLon co%ls. unle&% the arran8emeni co%11[1e% a ficlg (ransdLILon. where ii 1% reLI)b?ni%ed ai Ihc prcscnl valuc of Ihc fuiure paytS discounicd ai a markei ratc of inicTCSi for a siinilar dcbi instrumcni. CUT1 a%sels and current liabilitie.s at¢ sub5equenily Mered al the or other ronsideration ¢xp¢ct¢d l() paid (?r reLeived nc>i di%LC)unied. Investrnent income Urwestricied T1 Funds Unre51ricted Total Fund5 FurLds 2024 Funds 202.3 Income from li%ted inve%imerti% 33.013 33.013 31,261 31.261
The Claude Thompson Charitable Trust Notes to the Finaneial Statements Year ended 5 April 2024 Investment mAnement costs Unresiricied Total FuThds Unrestricted Total Fund Funds 2024 Portfolio management 8.597 8,597 8,779 8,779 Expenditure on charitable activities by fund type Unresirictrd Total Tr-unds Unresirictrd To) Funds 2024 2n2.1 Chtable donaiiong Epsom Sports Club Support costs 31,51M) 78(1 31,500 7gll 32,280 32.280 Expendl¢ure on charl¢able 4c¢lYltks by 4cllvl¢i ¢ypt Totgl funds 21124 Toial t'uiid 202.1 Support co%ts Chariiable dur)aliun% to Ep%()m Spurt.4 Club GovLrndnie co%1 7X(I 1,164 32,28 Net ialnslllossesl on Inveslnnts Unresiri¢ied To¢1 Tr"unds Unre%iri¢ied 2024 Toidl Fund RLali%cd gain.{105csl on lisied invc.4imcni. Unr¢ali%¢d g4ins11lo&*sl on li51ed inve.%imeni 19.408 19,4081 46,797 46,797 69.444 69.444 1141.8961 1141.8961 (.0.16 (rt).0.16 195,0991 195.(B91 Independent emInatIOn refs 2024 2023 Fee% payable lo the independenl exatniner for.. Ind¢p¢nd¢nl ¢xatnination of the fina¥KiaJ 51alements 870 780 10. Staff ¢os¢s There were no staff costs for the wiiNI. Tr average head eouni of employees during the period w&$ Nil
The Claude Thompson Charitable Trust Notes to the Finaneial Statements Year ended 5 April 2024 11. Trnstee remunerntion and expeeS No rernuneration OT other benefits from employmenr wth chariry or a relaied eniiiy were rettived by Ihe iru51ee5. No truste¢ expenses have been incurred. 12. Investnts Li.4ted investnots Inve4tNnl pioperties Total C05t or valulltion Ai 6 April ?11?3 Addiii(Ins Di4p()4ii14 F<iir value movements 1.194.757 101.U52 1.194.757 69,444 69.444 At S Aprll 2024 1,250.542 1,250,-543 Impairment At O ,Ipril 202.1 and S April 2024 C8rryin% anUnt At S April 2024 Ai l April 2023 1.250.-$42 .2511.-$47 1.194.757 .194.717 All inve%imeni% showm above are held ai vajuaiion. Investrnenl propertles Und¢r lh¢ i¢rm% ()r th¢ S¢iilement hetween Ihe Cl#ude Thompwn F.ndcwmeni Fund and ihe Chariiy. ¢ertatn land le&d lo the Ep.wm Sp(Trrt.% Club irSferred i(Tr Ihe Charity (or nil ¢(?n%id¢rdlii?n. The Idnii i% le&%ed at J PrlIrn renidl inc()me Jnd ean only be fi)r the prnvi%ion ol ae(iviiie%. Thi¥ hd Ihcreforc TcLogni8cd in Ihc accounis ai ihc nominal valuc of £1. Flnancial a55ets held at fair wale The liNILd inve%tmL'n(% nJe&4Ud ai the markei value per the inve%¢meni portfi)lio prepared by Ihe inve.%imeni mtsnagern. 13. Debtors 2024 2023 Other debior 1.416 3.795 14. Investments 2024 2023 lrtvestment dep(Trsil dCLOUIII 72.946 42,901
The Claude Thompson Charitable Trust Notes to the Finaneial Statements Year ended 5 April 2024 15. Creditors: Anmbunts fAllin2 due within ODe ye&r 2024 2023 A¢¢tual% al defetred incot 70 780 16. Analysis of charitable funds Unrestricted fund At 6 April 20?3 and At loss¢s 5 Aprl12024 Incon EXEMIllI1 Generdl funds 1.241.075 33.013 IY.7611 (A).036 1.324.363 Ai 6 April 2022 Gains and Ai 10%4e% 5 ApTiI 2021 Inco ExndItre General funds 1,345.97? 31.261 141.0591 195,0991 1 ?41.1)75 The Claude Thomp%on Charithble inJ%l wa% fornwd on 20 FebrUi 2020. Under ihe ierm% of (he dgreemeni Ihe Lash and 4hdrL'hc)Iding% of The Claude ThompM)n Endowmcni Tru%1 Fund w¢re Iran%f¢rred iu ihe Trusiee.% ()f The Claude Thomp%on ChJriiJble Trust Jnd placed under Iheir coniTOI. 17. Analys15 ofnet a&ts betwttn fund% Unresiricied Total Fund$ 2024 Invc%imcnls CurrLni d%%ci Cre(lilnr% than l year Net 1.25(1.54.1 74.6911 18701 1.2511..$41 74.fi9(1 1.724,-16.1 Unrc%iricied Total Fund ?02.1 Inve8tmeniF Curreni a%sei Crediiors Ics5 than l year Net ,194.7.57 47.(8 I70} 1.194.7.57 47.a98 17801 1.241.075 .241.075 li