Charity Registration No. 1208570 THE OLD VICARAGE CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 Yshawgibbs
THE OLD VICARAGE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust•os Mrs H Studer Mr N M Studer Mr J Siuder (Appointed 19 June 20231 IAppointed 19 June 20231 (Appointed 19 June 20231 Charlty number IEngland and Wales) 1208570 Prlncipal address The Old Vicarage Church Hill Shamley Green Guildford GUSOUD lnd•nd•nt èxamln•r Shaw Gibbs Limitsd 264 Banbury Road Oxford OX2 7DY 8ankgr8 Metro 88nk PLC One Southampton Row London WC18 SHA Inv•8thi•nt advl8or8 Seven Investment Management LIP 1 Angel Court London EC2R 7HJ
THE OLD VICARAGE CHARITABLE TRUST CONTENTS Pa9e TrustÉe$ rep(xt Independent examinerfs repjrt Statement ol financial activities Balanc8 sheét Notes to the financial stat8mant8 6-12
THE OLD VICARAGE CHARITABLE TRUST TRUSTEES REPORT FOR THE PERIOD ENDED 5 APRIL 2025 The trustees present their annual report and financial siatements for the period ended 5 April 2025. The financial statements have been prepared in accordance wth the aco)unts'ng policies set out in note 1 to ihe financial statements and cOmY with the charitable trust's goveming dcKument. the Charibes Act 2011. FRS 102 'The Financial Reporbng Standard applicabl8 in the UK and Republic of Ireland" and the Charity'es SORP "Acwunting and Rgporbng by Ch8rities'. Statement of Recommended Pradice 8pplicablg to charitie5 preparing their 8ccount5 In accordance with th8 Financial R8tx)rbng Standaid applicab18 in th8 UK and R8public of Ireland IFRS 1021" Oblectlv•s and actlvltl•s Public b8n8fit The Charitable Trust's objective and principle actiwty is that of advancing such charitable purposes (according to the law of England and Wales) as the ¢ws¢ees see fit. COnSeration given to all UK registered charities. There will be a focus on supporting charities working in th8 areas of broadening access to good education. rehabilitating prisoners, and a150 specific area5 of health such as myeloma, women's cancers, 8nd Ivng diseases. A¢hl¢v•mont$ ond p•rforman¢• Significant activities and achievements against obJectNes Thè Charity racèiv8d large (Jonatitx)s in tha pèriod ènd8(15April 2025 from tha trustèès ttstalling £374.252 which has been invèst8d, taking into account advice from their invèstmènt advisors. The Invèstmènt has gèneratèd a small amount ol income in the period lo S April 2025. FSnanclal r•vl•w Th¥ n&1 income for the y&ar b910 98in$ on investments amounlgd lo £369,032. R8sgtv8s pollcy The Tru5tees' policy is to mainlain reserves so that Ihere is sufficienl incorne arising frorn the assets and investrnents hel¢J to maintain the currenl level ol don8tions. 9r8nts and expenses. In the event th81 the investrnenl income is insufficient the Trustees would use Ihè rèsery¥$ 10 Main1 th& dg$ired lgvel ol donations. grants anfj èxpènsès. At the pèriod ènd the charity ha(1 rasèrvès of £338.066. Investment policy The Truslees have wide inveslmenl powers. wlhoul restricljtsn. The present investrnent policy is to seek a long term balance between capital preservation, on the one hand, and in¢omg rnaximisalion on the other. The Trusto8s want the inv8strn8nts held by th8 charity lo gènerate sufficient Incomè to pay the 8xp8nsas each y88r. The investment policy of the Foundation is on a low risk basis and the finances are monitored regularly by the Trustees. The Trustees are Iherefore satisfied that they have tsken the necessary steps to rninimise the operational risks ol the Foundation. M8jorrAsks The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in pla to rnitigate exposu lo the major risks. One risk lo the charity is that Ihe invesiments held do not generate sufficienl ino)me. this is miligaled as shown in the investment pdicy above. Stru¢¢ure, governance and management The Ohy Vicarage Charitsble Trust Is an unincorporated trust. constibjted under a deed dated 19 June 2023. The trustees who served during the period and up lo ihe date of Signatu of the finanaal statements were.. Mrs H Studer {Appointed 19 June 20231 Mr N M Siuder (Appoinled 19 June 20231 Mr J Studer {Appointed 19 Junè 20231
THE OLD VICARAGE CHARITABLE TRUST TRUSTEES REPORT {CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Recmilment ancl appoinlment of tmstees The charity 15 gov8rned by the Trustees. In 8ccord8fbce the Injsl deed there must b8 8t least two Trust88S, every Trustee rnust be appointed for a t8rm ol three years by a re501ution of thè Trustees passed at 8 special meeting as prescribed in clause 15 01 the deed. In selecting individuals lor appointment as Trustees. the Truslees must have regard to the skills. knowledge and experience needed lor the effective administration ol the charity. Org8nisational structure The chair, Mr N M Studer. has continued in Iheir this year frjllowng their appointment. No business shall be conducted at the Trustee meetings unless at least one-third of the total number ol Trustees, or two Trustees, are present at the meets'ngs. At Trustee meebngs decisions must be made by a majority rf the Trustees psent and voting on the question. The person chairing the meeting wll have Ihe castiThJ vote. The trustees report was approved by th8 Boatd ofTrustees. Mr N M Studer Trust•• 05 Feb 2026 Date..
THE OLD VICARAGE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OLD VICARAGE CHARITABLE TRUST I report to the Trustees on my examination of the financ4al statements of The Old Vicarage Charitable Trust (the charitable trust) for the period ended 5 A71 2025. Responsibilities and basis of report As the trustees tsf the d)aritable trust you ère responsit4e for Ihe preparation of the financial statements In accordance with the requirements of the Charities Acl 2011. I report in respect of my examination of the charilable trust's financial slatements carried out under section 145 of the Charities Act 2011. In carwng out my examinab'on I have lolknwed the Directions given by the Charity Commission under section 14515llbl of the CharitiesAct 2011. Independent 8xarninerfs statement SinTr the charitable Irusl's gross income exceeded £250.0. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm Ihat l am qualified to undertake the examination because l am a member of the Insts'tute of Chartered AOUnrtts in England and W81es, which is one of the lisied bodies. Your 8tt6nlion Is drawn lo Ihg f8¢t thal th& ¢harity ha$ prfjpared th& financial $tst8m$nts in a¢¢ordanca with thg rèlevant version of thè Statemènt of Recommend Practice applicabla to d)aritiès preparing their financial slalements in accordanc6 with the Financial Reporting Standard applicabl6 in the UK and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Charili8s.' Staternenl of Recommended Practice issued on 1 April 2005 which is referred to in the extanl regUlaInS but has now been withdrawn. l understand that this has been done in order lor the financial slaiemenls to prowde a true and lair view in accordance with UK Generally Accepted Accounting PrnctirA. I h8ve complete(J my examin81ion. l ¢onfimi th81 no mallers have o)me lo my attention In ¢onne¢tion with the èx8min81ien giving mè causè to bèliévè Ihat in any matèrial rèspèd.. accounting records were not kepl in respecl ol th8 charitsble trust as required by sedion 130 01 the Charilies Act2011. the financial statements do not aecord with th)se reccwds., c the financial statements do noi comply with the applicable requirements conceming the form and content ol rin8nci81 slat8rnenls sèl out in Ch81iliés (Accounts 8nd Reports) Régul8tions 2008 othèr than any r6quirernent that the finanual statèmonts givè a twe and faif vwrf, which is ntst a mattor considered as part of an independènt èxamination. I have no concerns and have come across no other matters in connection with the examinats'c*n to which attention should be drawn in this report in order lo enable a proper understanding ol the financial ststements to be reached. Samantha Daniels FCA lor and on behalf ol Shaw Gibb5 Limited 264 Banbury Road Oxford OX2 7DY Date.. 05 Feb 2026
THE OLD VICARAGE CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 5 APRIL 2025 Unrestrlcted fund5 2025 Notès Incom• from: Donations and legacies Investments 374,252 571 Totsl Income 374,823 Expendlture on: R8ising funds Charitsble activities 211 5,580 Total •xpendlture 5,791 Net gainsllthsesl on investments 11 130,9661 N•t Ineome and mov•m•nt In lunds 338,066 Reconclllallon of lunds.. Fund b8lanGes 8t 19 June 2023 Fund bo1onu$ a15 Aprll 2025 338,066 The staternenl of financial acliwiies includes all gains and losses reco3nised in the period. Ml incorne and expenditure derive Irom conlinuing activities.
THE OLD VICARAGE CHARITABLE TRUST BALANCE SHEET AS AT 5APRIL 2025 2025 Notes FSxed assets Inv85trn8nts 13 289,894 Currènt assèts Debtors Cash at bank and in hand 14 51,276 5,000 56,276 18,1041 Crodllor¥= omount$ talllng dug wtthln one ygar 15 N•t eurrent aS5et• 48,172 Total as8•ts I•s8 currènt Ilabllltlèi 338,066 The funds of the charltable trust Unrestricted funds 16 338,066 338,066 05 Feb 2026 The financial ststements were approved by Ihe lrnstees on ......................... Mr N M Sluder Tru8t•o
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 Aecountlng polkl•s Charhy InfOrMan The Old Vicarage Charitable Trust is a charity )Vemed by its trust deed dated 19 June 2023. The Old Vicarage Charitable Trust's administrative office is The Old Vicarage, Church Hill, Shamley Green, Guildford, GU5 OUD. It is regISted wilh Charity commissione in England and Wales under the nurnber 1208570. 1.1 Reporting period The charitable trust was founded 19 June 2023 and this set of financial slalements represents its first financial porting period of 21 months from Ihat dale to S April 2025. Since this is the first period there are no corresponding amounts to repyt. 1.2 8asls of pr•poratlon The financial slalemenls have b8•n pmpar8d in accordance Ihe charitable Irust's goveming dctument, the Charities Act 2011. FRS 102 "The Financial Reporbng Standard applicable in the UK and Republic ol Ireland. and the Charities SORP "Accounting and Reports'ng by Charities.. Staternenl of Rec£Jmmended Practice applicable to charibes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021". Th$ charita& Iwsl is a Public Benefft Entity as defined by FRS 102. The financial slalèmonts are prepared in sleding, which is the functional currenq ol thè charftablg trust. Monetary amounts in Ihase financial stat•ments are rounded lo the nearest £. The financial statements have been prepared under the historical cost o)nvention.rnodified to inCle the revaluation ol certain financial instrurnenls al fair v81ue. The principal accounting policies adopted are set out below. 1.3 Golng conc•rn At the time ol approving Ihe financial statements. the trustees have a reasonable expectation that the charilable trust has adequale resources to conlinue in operational existence for the foreseeable future. Thus the trus¢ees conunue io adopt the going c¥NKem basis of ar4nting in preparing the financial statements. 1.4 Charblabl• funds All funds 8r9 unrg$trict8(1 and hèld for tho 96nèr81 usè of Ihè Charit8blé Trust in 8ccord8ncè with its trust deed. 1.5 Income Income is recognised when Ihe charitable trust is legally enliued to it after any perf0mlan conditions have been met, the amounts can be measured liaY, and rt is probable ihat ino)me will be received. Cash dtsnations are racognised on receipt. Ott)er donations aTe recognised once the charitable trust has been notified of the ¢Jonatson, unless perfom)ance conditions requi deferral of the amount. Income tax recoverable in relation lo donations r1Ved under Gift Aid or deeds ol covenant is recognised al the time ol the donation. Incom6 from invèstments is accounted for on a rèceivable basis.
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Accounting policies (Continued) 1.6 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits 11 be required in setuernent. and the amount of the obligation can be measured reliably. Al 8xpgnditure is 8¢counted for on an aocruals basis and is indusivg of any VAT which cannot be rgCOVgr8d. Support and govemance costs are those functions that assist the work ol the Charitable Trust but do not directly undertake charitable activities. Govemance costs comprise all costs involving the public accountability of the Charitable Tnjsl and its Complian with regulaknn and g¢X practice. 1.7 Flxèd assèt Inv•stmènts Inve5trnenis are a form of basic financial instnjmenl and are inilially recognised al their transaction value and subsequenuy measured at ¢heir fair value a5 at Ihe balance sheet date using the closing quoted market price. The st8tem8nt of financial 8divities indudgs the net gains and k)$ 8rising gn r&valu8tion and disposals throughout the year. The charity does not acquir• put options, derivalNes or oiher complex financial instruments. The main forrn of financial risk faced by the tharity is thal of volatility in equity markets and investrnenl markets due ¢0 wider economic conditions. Ihe atD'tude of investors to inve5tmen¢ risk, and change5 in Sentiment concerning equrti¢$ and within particular sedors or sub seclors. All gains and 10$sgs arg taken to Ihg Ststem¥nt ol Financial Aclivilig$ a$ th¢y ariw. Rèalisèd gains and l¢$$&s on investments arè calculatod as thè difference bètweèn sales proceèds and thair opaning carrying valuè or their purchase value il acquired subsequent to the first day ol the finanaal y&ar. Unrealised gains and losses are calDJlated as the drfferencE befften the fair value at the year erkl and their carrying value. Realised and unrealised investments gains and losses are combined in thtr Statement of Fin8n¢i81 Aelivilies. 1.8 Cash and cash equlval•r Cash and cash equivalents Includ& cash in hand aThJ deFY)Srts hald at call with banks. 1.9 Flnanclal Instrumènts The charitable trust has elected to apply the provisions of Section 11 'B8sic Financi81 Inslrurnents. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of ts financial instrurnents. Flnancial instruments are recognised in the charitable trusvs balance sheet when the charitable trust becomes party lo the contractual provisions ol the instrumenL Financial assets and liabilities are offsel. wlh Ihe nel amounts pSented in the financial slatements. when there is a legally enforceable right to set off the recognised arrt$ and there is an intention to setue on 8 net basis or to reali5e the 8S5et and s8tUe the liability simulianeousty. Basie finarteialasstts Basic financial assets. which indude cash and bank balan5. are initially measured at transaction price including transaction costs and are subsequently Ggrried at amortised cost using the effective interest method unless the arrangernent constiiutes a financing Iran5acb"on. where the transaction 15 measured at the present value of the future receipts discountad at a markèt ratè of intèrast. Finan<ial assets classified as 18cèivabla within one year are not amortised.
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities. including creditors are initially recognised at transaction price unless the arrangernent constitutes a financing transaction, where the debt instwrnent is measured at Ihe present value of the future p8yrn8nts discounted 8t a market rate of interest. Fin8nryal liabilth'es dassrfied 8s payable within ong year are nol amortised. Crltleal aeeountlno •Stlmatès and Judg•mènts In the 3pICa.0n ol the chantable Injst's accounting pclicies, the tnjslees are required to make judgements, estimates and assumptions abo¢Jl the carrying amount ol assets and liabilitses that a not readily apparent from other sources. The estsmates and associaled assumptions are based on hisiorical experience and other factors that are considered to b8 relevant. Actual results may differ from Ihese estsrnates. The eslirn8les and undedying assumptions are reviewed on an ongoin9 basis. Revisions to accounting estimates are re¢ognised in the riod in which Ihe estimate 1$ revised where the revision affe¢tS (N)ly that pèriod, or in th• period ol thè ravisn and lulurè periods wh•re the r•vision affects both currènt and futurè pwiods. No significant accounting estimates were required or made by the Trustees in the preparation ol the financial stalernents. In¢om¢ Irom donotlons ond l¥g•¢l•$ unr•8tr1ct Unr•strlet•d funds fvnd8 2025 Donations and gifts Gift aid tsx reclaim 323,002 51,250 374,252 Incom• from Inv8stm•nts Unrestrbcted funds 2025 Total 2025 Income from listed investments Inter95t recgivable 545 26 545 26 571 571
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Exp•ndlturè on ralslng funds UnrestrScted funds 2025 Total 2025 Investment management 211 211 Expondlture on charltable actlvltl•s Grant making a¢tlvltlg$ 2025 Dlrect costs Shar• ol support and 9o¥•rn•ne• east• Ists n(*tè 81 Govemance 5,580 Analysls by fund Unrestricted funds 5,580 D•$¢rlptlon of ¢h•rltobl• •¢tlvlti The Charilable Trust's objective and principle activity 13 Ihat 018dv8ncing tharitsble purposes (according lo the law of England and Wabsl as the trustees see fft. Support eoits alloeatod to actl¥ltl•• 2025 Govemance costs 5,580 Analysed between: Grant rnaking aclivilies 5,580 2025 Govèrnaneè costs eompris•- Audit fees Accountancy 3,000 2,580 5,580
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Trusto•s None of the trustees lor any persons connected with them) received any remunerats'on or benefits trom the charitable trust during the peri¢xl. 10 Employees Th8 av8r8g8 monthly number of employo8s duwing the period was= 2025 Numbèr Total There were no employetrs whostr anntjal remuneration was mortr than £60.000. 11 Galns and loss•• on Inv•stmènts Unr•strlct•d fvnd$ 2025 GainSlllossI arising on= Rgv8luallon of Invgstmènts 130,9661 12 T¥xatlon Thg charity is &xgmpt from tsxalion ¢)n its a¢tiviti¥$ bKauso all its in¢tyng 1$ applied for ¢haritabb purpo$e$. 13 Flx•d assèt Inv•slmènts Ll¥ted Inv•stmonts C•¥h In portfollo Totsl Cost or valuation At 19 June 2023 Additions Valualion ch8ng88 295.667 130.9661 25,193 320,860 130,9661 At 5 April 2025 264,701 25,193 289,894 Carrying arnount At 05 April 2025 264.701 25,193 289,894 10-
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 13 Fixed asset investments (Continued) 2025 Investments at fair value comprise.. Cash UK equities 25,193 264,701 289,894 14 O•btors 2025 Amounts fallln9 duè wlthln one y•ar: Other debtors 51,276 15 Cr•dltor8: amount• falllng duè wlthln on• y•ar 2025 Other creditors Accruals and def&rre(l income 3,724 4,380 8,104 16 Unrestrfcted fund• The unreslrided funds of Ihe charity Compli the untrxpende(J balan¢gs of donatK$ 8niJ grants which are not subjèct to spècific conditions by dor$ and grantors as to how thèy may us8d. Th8sè indude dasignated funds which have betsn sel aside out of unrnstricted lunds by the trusteès for spacific purpos8S. At 19June 2023 Incomlng resources Resources expended Galns and losses At S Aprll 2025 General funds 374,823 {5.7911 130,9661 338,066 17 Related party transaction Transaetions with rèlatéd partl•s The charity received large donaty'ons vAthc*rt 0dI1$ in Ihe period ended S April 2025 from Ihe trustees totslling £374,252. 11
THE OLD VICARAGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 18 N•t mov•m•nt In funds 2025 The net movement in funds is stated after (harg1(credItingl= Fees paYae for the independent examinatn ofthe tharitys financAal statements 3.OCM) 12