CHARrrY REGISTRATION NUMBER: 1189537 THE CLAUDE THOMPSOIY CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS 5 APRIL 2025 OPASS BILLINGS WILSON & HONEY LLP Chartered Certified Aceountants Numeric House 98 Station Road Sidcup Kent DA15 7BY THE CLAUDE THOMPSON CHARITABLE TRUST FINANCIAL STATEMENTS YEAR ENDED S APRIL 2025 Pages TNstees' annual re￿rt Ito3 lttdependent examiner's rew)rt to the trustees Statemerht of finan¢ia] activities Statement of finanGiY41 positio Not¢s to the financial statements 7t012 THE CLAUDE THOMPSON CHARITABLE TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 5 APRIL 2025 The trustees present theiT report and the unaudited financial statements of th¢ charity for the year ended 5 April 202S. Reference gdministrative d¢t*il$ Regl$tered charity nAme Th¢ Claude Thompson Charitable Trust Charity registrAtion llumber 1189537 Principal office 17 Links Road Epsom Surrey KT17 3PP The trustees Peter Richard Chopman (Chainnan) Nigel William An8US Barri¢ Upton David Walter Gulland Ian MoTfi5h Bankers Metro Bank 91 High Street Epsom Surrey KT19 8DR Investm¢nt M8Mge Brewin Dolphit) 12 Smithfjeld Street London ECIA 9DB Independent ¢xamiDer M. FIn￿S ACA, ACCA Nvmeric House 98 Station Road Sid¢up Kent DA15 7BY THE CLAUDE THOMPSON CHARITABLE TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED S APRIL 2025 Structvr¢g gov¢rnAnee and m#n#g¢m¢nt Governing documeTht The charih. is constituted under a Trust Deed dated 12¢h F¢bruary 2020 atld a Supplementary Deed dated 14th April ?020. It was registered with the Charities Commission on 18th May 2020. There have been tLO changes in its governiiig docutnents during the financial yeaT. Governance The Trustees are appointed for fjxed tenns and, by mutual consent, may be re-appointed. TTUSt¢es are recruited with regard to their respective knoivledge and experien¢e. There is a comprehensive pre-appointment briefjng for new Trustees. Any new Trustees art appointed b>. the existing Trusiee body. There is a minimum number of four and a tnaximum number of eight Tnjslees. The aiJn is to ensure that a wid¢ experience of arnat¢ur sport is r¢presenied with an appropriate level of skills tt> matjage th¢ affaiT5 Qf the Charity in a PTud¢nt and appropriate manner. MaN*gement Th¢ charity is administered by David Gulland as Secretary with support from other Tw$tees acting as volunt¢¢rs. The Trustee body as a whole over5¢4S th¢ management of the Charity. Objectives #nd activitie5 The purpo5¢5 of the Charity.. as set out in the Deed, are to promote the parti¢ipation in amateuT 5POrt by makitig grartis lo Ep50ni Sptsrts Club or to oth¢T Charities providing facilities for amateur sport. In shaping the objectives and planiiiiig uitsYiii¢s, the Tru5t¢C5 have considered th¢ ChArity Commission's guidance on public benefjt. including the guidance 'Public Bcnefii." rllnnin8 a charity {PB21 AchieveTNeNts *nd performante During th¢ financial year the ChArity made a donation of £IOO,000 to Epsom Sports Club to assist in the building of two neiv padel ¢ourts, enabling ihat Club to proTtLOte th¢ participation in amateur sport. Prirt¢ipal risks and un¢ertaintie5 The tru5te¢s considered that th¢ main risks were a5 follows., I I Investment risk - the exienjal environment leading to a signifi¢ant fall in markei vY41ue of investments and loss of investment income. 2} Operational ri5k- th¢ risks within Epsom Sports Club arising from its possible inability to g¢n¢rat¢ development funds support its wide area of activities. The first T15k 15 managed by using Professional external investment managers op¢rating on a re8iilarly reviewed Investment Policy. Th¢ second risk is mitigated by re8ular dialogue b¢tw¢¢rt the Charity and Epsom Sports Club. Grgnt making policy Fundin¥ requests are made by Epsom Sports Club and ar¢ considered on an annual b3si$. The Charity has in plaG¢ a long-ierm strategic approach to Ils grani making policy. THE CLAUDE THOMPSON CHARITABLE TRUST TRUSTEES. ANNUAL REPORTi¢•ntsMvd) As 8t the end of the year the awity Ihad nel of £12W2.047 aftff allowing fork￿*￿￿ li&bilitiu. These assets ay¢ invested using ex{ern￿ specialist fimd mattger with an in￿t policy that th¢ Tntsiees bave apptove4 ￿￿thatreAccts the Of￿ chaTiti¢y thatthe chtysv(￿ No fundraising adivities wete LWTiedollt d￿tt￿l￿e￿￿O. Cb•ritable S￿￿1¥ wei£ made0r£i￿.1￿ (hThg theyear Iwevlo￿lY £0). No reserves are hejd for any potential likbilities giv¢u th¢ natlre of thE IlarEtyy ryUatiO￿ wbi¢h ewsist predomiu&ndy of Ihe ree¢ip¢ of itivesttll¢￿ income ￿ 8aiDkn ott its osset& Ju8kin8 8uprxTrrtable grgnts to Epsow S]M)rt8 Club (or 5ithiJar cbatitics). As such th¢ T￿￿tee$ see 00 tKed to Set ￿lde S￿￿]fiC for ture contingellG5W. 8od Ihey see nts utscertainty aroulldthe Ch8rity ableto a5 & gOiti8 Concern. TILe Drt owattng d¢fi¢ii for the Ye￿ £76,434. Aftf certain financial as5¢ts and liabilities and investm¢tLt properties measured at fair value through in¢om¢ or expenditure. Th¢ financial statements ar¢ prepared in sierling. which is the functional ¢urr¢rtcy of the entity. Going concern There are no Tnaterial wicertaintie5 about th¢ charity's ability to continue. Jlldgements and key sovr¢es of estimAtion uncert*lnty There were no e5timat¢5 or judgements made in preparation of the financial statements. Fund accounting Unrestricted funds ar¢ available for us¢ at the discretion of the trust¢¢5 to further any of the charity'$ purposes. Incomittg resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable ihat th¢ ¢conomic benefjts as50riated with the transaction Nill flow io the charity and the amount ian be reliably rnea5ured. Th¢ followin8 specific policie5 arr applied to particulor categories of iD¢om¢'. in¢ome from investments is rwogrtised on receipt. THE CLAUDE THOMPSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED S APRIL 2025 Accountithg policie5 {¢0￿1￿￿¢￿1 Resour¢es ¢xpended Exp¢nditur¢ is reco8nised on an a¢¢ruals basis as a Ikability is in¢urred. Expenditure inrludes an}, VAT which cannot be full). recovered, and is classified under h¢adings of the 5tat¢ment of financial activitLe5 to whi¢h it r¢lat¢s. Expendiiure on charitable aciiviiies tnclud¢5 all cosis in¢urred by the charity in undertaking activiti¢s thai fiirther its charitable aims for the benefii of its beneficiaries. including those support cosrs and cos15 relating to the governance of the charity apportioned ￿ charitabl¢ activities. All cosis aT¢ allocaied io exp¢nditur¢ rategories reflecting th¢ use of the resource. Dir¢¢t costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the a¢tiVilies they coniribute to on a rea50nabl¢, justifJabl¢ and ¢onsis(eni basi5. Investments Fixed as5¢t investments are initially worded at C05t, and subsequently stated ht market value. Investmtnt property Inv¢stment property is initially recorded at ¢osL which includes purchase price and aThy dir¢¢ily attributable expenditure. Invesiment property is revalued to its faiT value at each reporting date and any changes in fair value are r¢¢ognised ill income or exp¢nditure. If a reliable measure of fair value is no long¢T available for an item of investment property. it shall be IransfeTred to tangible assets and ireated as such uniil it is expected that fair value will b¢ Teliably measurable on an on-goin8 basis. Finart¢iAI instrnments A financial asset or a financial liability is recognis¢d only when the entity becomes a party to th¢ contracbjal Provisions of the instrumen¢. Basic financial in5trumetJis are initially Te¢ognised ai the amount receivable or payable inclllding any related Iransartion cosrs, unless th¢ ¥rrartgement constitut¢5 a financing tran5a¢tiort, where it is recogDised at the present value of the future payments di5fOUnted at a market rat¢ of interest for a 5imilaT debt instrument. Current &8sets and cuttent liabilities are subsequently measured ot the cash or other ¢ortsideration expected to be paid or received and not discounted. Investment income Unrestrieted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Incotne from lisied investments 35,076 35.076 33,013 33,013 THE CLAUDE THOMPSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2025 Inve5tmeNt management ¢o$ts Unrestricted Totgl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Ponfolio management 10,459 10,459 8.597 8,597 Expenditure on charitable Activities by fund type Unrestrict¢d Tot81 Furtd$ Funds 2025 Utjresrricted Total Fund5 Fund5 2024 Charitable donation5 to Epsom Sports Club Support costs iOO,IH>O loo,000 1.051 1.164 J, 164 101,051 101,051 1.164 1, 104 Expenditure on eharitable Activities by activity type Activitl¢5 und¢rtaken d2rectly Support eosts Totil fund$ 2025 Total fund 2024 Charitable donation5 to Epsom Sports Club Governance costs ioo,ooo 100,000 1.051 1.051 1.104 100,000 1,051 101.1151 1. 164 Net {los$e$Vgains on investmettts Unr¢stricted Total Funds Funds 2025 Unrestricted Totol Funds Funds 2024 Realised gaIn￿{lO$se8l on listed inv¢stm¢nts Unrealised gain￿{losses) on listed 26,823 26.823 {9.4081 (9.408) investments (72.7051 172.70$) 69.444 69.444 {45.8821 (451821 60.036 60.rJ36 Indep¢ndÈnt exgminatioN fees 2025 2024 Fees payable to the ind¢pendetJt examiner for.. Independent ¢x#mination of the financial statements 870 870 10. Staff co$ts Th¢￿ were no staff c0515 for the period. The average hcad count of employees during the PeTiod was Nil THE CLAUDE THOMPSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (c¢JnliNuEd) YEAR ENDED S APRIL 2025 I l. Trustee rernuNer*tlon and expense5 No r¢mllrteraiion or other benefits from ¢mployment with the charity or a related entity were rec¢ived b>. the tru5t¢¢$. No trustee expenses have been incurred. 12. Investments Listed investments Inveslm¢nt properties TotAI Cost or valuation At 6 April 2024 Additiorts Disposals Fair value rnov¢ments 1,250,542 80,467 1106,771) 145,8821 1250.543 80,467 1106,771) 145,8821 At 5 April 2025 1,178,356 1,178J57 CarryiDg #mollnt At 5 April 2025 At 5 April 2024 .178.356 1.178J57 1.250,542 1, ?50,543 All investments shown ￿b0Ve are held at valu#tion. lthvestment properties Under the term5 of the Settlement between the Claude Thomp50n Endowment Fund and the Charity, certain land leased to the Epsom Sports Club was tTansferred to the Charity for nil consideration. Tli¢ land is leased ai a peppercorn rental income and can only be used for the provision of sports activitie5. This has therefore been recognis¢d in the aecounts at th¢ nominal valu¢ of £1. FiNan¢lal assets held at fair v*llle The listed investm¢nts are measured 4¢ the market value per th¢ investment portfolio prepar¢d by the investment martagers. IJ. Debtors 2024 Other debtors 1230 1.410 io THE CLAUDE THOMPSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (ci)Illltt#edJ YEAR ENDED 5 APRIL 2025 14. Investments 2025 2024 Invesiment dep051t account Investment income account 18,563 3,990 22553 72.946 IS. Creditors.. &Thounts falling due witbin one year 2025 2024 Accruals and d¢f¢rred income 870 870 16. An&lysis of charitable fund5 Unre5trieied funds At 6 April 2024 Gains and At loss¢$ 5 April 2025 Income Expertdiiure General funds 1,324,363 35,076 145,8821 1,202,047 At 6 April 2023 Gains and losses At S April 2024 Income Expenditure General funds 1,241.075 33.013 19.7611 60,036 J.324,363 Th¢ Claude ThompsorJ Charitable trust was fomed on 20 February 2020. Under ihe terms of the agreement th¢ cash and shar¢lioldings of The Claude Thomp50n Endowment Trust Fund were transferred to the Trustees of The Claude Thompson Charitabl¢ Trnst and placed urtder their control. THE CLAUDE THOMPSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEf4TS {¢#I￿1￿Med) YEAR ENDED 5 APRIL 2025 17. AnAlysis of net asset5 between funds Unrestricted Total Fllnds Funds 202S Investments Current assets Creditors less than l year ,178,357 24.560 {8701 1,178J57 24,560 (8711) Net assets 1,202.047 1202,047 Unrestri¢t¢d Funds Total Fund5 2024 Investments Current assets Creditor5 less than l year Net Assets 1.250.543 74,690 {8701 1,324,363 1,250,543 74,690 (870) 1,324.363 12