Eton Artion Re8istered Chartty Number 258247 Annual report and financial statements for the year ended 31 December 2024 Eton Actlon For the year ended 31 December 2024 Contents Page Trustee￿ report Independent exarninerfs report Statement of rtnanaal activities Balan￿ sheet Cash flow Statement Notes to the financial statements 9-12 Eton Artion Trustees, report for the year ended 31 December 2024 The trustees present thelr report and the financial statements for the year ended 31 December 2024 for Eton Artion (charity nurnber 2582471. The flnanclal statements have beeh prepared in accordance wlth the accounting policies set out on pages 9 and 10 therein and comply with the tharlt(s Trust Deed, applicable law5and the requirements of FRS 102, Charitle5 SORP IFRS 1021 and Charlties Act2011. There have been no changes In the policiesadopted by the charlty durlng the year. Strurture, governano and management Status and adminlstration Eton Artlon was founded as a charity regulated under a Trust Deed dated 1968. Eton Action is registered as an unincorporated charity in England and Wales under the (harity Commission reference number 258247. The trustees are responsible for the adrnintstration and decisions of Eton ktion in accordance with the Trust Deed. Trustees The trustees who served throughout the year and sub5equentty are sknvn below.. T Arbuthnott A Henderson Peter McKee Lady Waldegrave 08E (resigned 311081241 Lady Georgia Coleridge (appointed 161101241 Janet Bowden (appointed OV011241 Charles Pater50n lappointed 011011241 Kerri Hick5 lapptsinted ovoI/241 Mark Jones (appointed 011011241 Yvette Cutcliffe lappointed 011011241 Philip Highy Mercedes Porcel Marti Kristen Hassler (appointed OIIOV251 Key management personnel Treasurer Princtpal address Eton College. Eton. Windsor, Berks SL4 6DW. Bankers 8arclays Bank PLC, One Churchill Place, Canary Vlharf, E14 5HP. Independent Examiner Crowe U.K. LLP. S5 Ludgate Hill, London, EC4M 7JW. 50licitor5 Charles Rv$5ell Speechlys. 5 Fleet Place, London. EC4M 7RD. The trustee5 are ¥esponsible for the adminisriation and decisions of Eton Attion in accordance vAth the Trust Deed. An executwe cornmittee appointed bylhe trustees manage5 the (tharity on a day-to-day basi5. The charity is run primaTily by boys.. a boy committee of house representatives Fun the charity under the guidance of the executive committee. The trustees are appointed in accordance with the Trust Deed. Appointn*nt is rnade at a meeting convened and held according to the ordinary practice of the Council. New trustees are provided with a copy of The Charity Commisslon Guidance manual CC3 The Essential Trustee.. What you needto know. Eton Action Trustees. report for the year ended 31 December 2024 (continued) Objects and activities 7he charivs oblects are= lal The advancement and support ofwoddwde charitable projects. Ibl To eThcoura8e and support Etonians, past. preseni and futu￿,tO raise money lor tharitable purposes. Icl To administer and dF5tribute funds in accordance with the term5 of the 1968TfUSt Deed. The main charitable objectNe 15 to promote charitable attiyity arnong tM)ys. The financial objertive is to rè15e money in support of othertharities. attivitie5. The trustees have adopted the accountlng policies recommetided in the Charities SORP IFRS 1021. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the t¥usYs airns and objectives and in planning fvture actiwties. Donatlons Donations ère made in accordance wtththe chariivsobjectwes. At an amual meeting in February the cornmittee select a 5horrlistof charities t05UPPOrt forthe comiTrgyear, frorn applications and good causes proposed by Eton pupils. The chosen causes are then subject to a vote by the pupils. Thetotal amounts collected in the year are dIst￿buted evealy amongst the five ¢h05en charities. Theie 15 a programme of annuèl fundraising events throughout the School year, occa5ion311y ad hoc events may take place for specific causes, these events and causes are Usually decided by the pupils ol Eton College and then approved by a trustee. Volunteers Pupils and staff at Eton college￿lunteer atfundraising events. Key matugerneTht personnel are also volunteers. Achievements and performance Eton Action continues to be gratefijl for all donations received thrOuth￿t the year. The Autumn fair taised E31,713. In 2023 the Sprin8 farr (deferred from 20221 raised £30.630 whilstthe Autumn fair raised £30.580. The Eion Action 'mufti' day ratsed £3.27812023- £3.1351 for Slough Me￿ap. The boy5 and stafl pay a small fee to attend school in infomal dress. Boy5 are involved in each event that is held by Eton Action. It is a good oFyortuThityto promote philanthropyand for the boy5 to use their energy to raise as much money as possible to be d¢Jnated io eood causes. Eton Action Trustees. report for the year ended 31 December 2024 (continued) Flnancial review The Statement of FSnancial Activltles sh¢)ws the results for Eton Action. Net incorne is E34612023 £5.2721. as shown on page 6 Reserves policy Unrestricted fvnds Unrestricted funds whFch, at 31 December 2024. amount￿1 to £16.13412023= £15,788) have been restritted to a particular purpose by the donors. The unrestricted fun¢Js comprise the general fund which is the working fund of the charity- It is not tied or designated for use for a particular ordefined purpose. The unrestricted funds can be Spent on any charttable purpose in accordance wtth the objects of the charity as the trustees see fit. The unrestricted fund must provide forthe net deficit of any attNitiesthat have inadequate income oftheir own and for the general adrninistralion of the chariry. It also provides working capital for operation5 and helps to provide resources to ensvrethat the charitycan continue with Its obligations intheevent of a shortfall in Incotne or unexpected uptuin in expenditure. The trustees aiyn to keep a minimal level of reserves as all raised funds a￿ donared as soon as possible. The level of reserves 15 considered adequate for the chartty to continue opeiating lor the foreseeable fijture. 2024 Risk assessment The major risks to which the charity is exposed, as identtfied by the tnJstee5. have been reviewed and system5 and controls have been established to mitlgate these risk> Future Plans The chariWs future plans include running the annual events listed above and continuin8 to support Iharitable causes, whi15t encoufasang Eton pupils. personal development. Going concern The trustees have a reasonable expectation that the chartfy has adequ*e resouwce5 to cOntin￿e in operational existence for the fo￿Seeable future. No material ￿￿[ertaintIes in relationtothe abilityof the charityto continue on a going concern ba515 have been identified by the trustees. Thus, they continue to adopt the going concer basis of accounting in preparing the financial statements. Trustees, Responsibilities Statement The trustees are responsible for preparin8 the Trustee5' knnual Report and the financlal 5taternents in accordance with applicable law and United Kingdom Generally Accepted Accounting Prartice (United Kingdom Accounting Standards). Eton Action Trustees, report for the year ended 31 December 20241continued) Trustees, Responsibilities Statement (continued) The law appltcable to charities In England and Wales requires the tnjstees to prepare financial 5tstements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomlng resources and application of ￿soUrceS ofihe chantyforthat period. In preparingthese finanoal statements, the trustees are requlred to-. select sultable accountin8 policies and then appty them consisrently, observe the methods and principles in the Charities SORP,. make jud8ernents and estimates that are reagMable and prudent- state whether applicable United Kingdom Accounting Standard5 have been followed, subject to any rnaterial departures disclosed and explained rn the accounts.. and - prepare the financial staternents on the going concern b3515 vnles5 it i% inappropriate to presurne that the harlty will continue In business. The trustees are responsible for keeping proper accounting record5 that disdose with rea50Trable accuracy at any time the financlal posation of the tharity and enable them to ensure that the financial ststements cotnply with the Charities Act 2011. the Charity (Accounts and Reports) Regulation$ 2(￿ and the provision5 of the Trust Deed. They are a150 responsible for gfeguardFng the a$5ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularltie& By older of the trustees T Arbuthnott Trustee Date.. 7110125 Eton Artion Independent examiner's report to the Trustees of Eton Action I report to the trustees on my examination of the accounts of Eton Act￿)￿ (the Trust) forthe year ended 31 December 2024, whlch are set out on pa8e5 6 10 12. Thls report Is made solety to the charl￿5 trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examinerfs work has been undertaken so that Imi8ht state tothe charitvs trustees those fflatters I arn required to state to them in an independent examinerfs report and for no other purpose. fo the fullest extent permitted by law. I do ntst accept or assurne responsibility to anyone otherthan the charity, the tharitls membeis as a body and the Char[￿S trustee5 as a body for ffly llldependent exarninerfs work, for this report. or for the opinlons I have fomied. Responslbllltles and bzsls ol report As the charity trustees of the Trust you are responsible forthe prepardtton of the accounts in accordance with the requlrements of the Charities Att 20111.the Acfl. I report in respect of my examination of the Trusfs accounts carried out under sert*)n 145 of the 2011 Act and In carryin8 out my examination I have followed all the applicable Oirecbons by the Charity Comrnission under section 1451Sllbl of the Att. Independent examinerfs statemerrt I have completed my exarnination. I confimi that no material matters ￿ve tome to my attention in connection th the examination givin8 me cause to believe that in any material ie5pect: accounting records We￿ not kept in respect of theTrust as required by section 130 of the Act.. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content ol accounts set out in the Charitie5 (Accounts and Reports) Regulations 2LK18 other than any requiretnent that the accountsgive a'true and fairvie%rf whith t5 not a matter Considered as part ol an independent examinatlon. I have no concerns and have come across no other matters in connect*M wrth the examillation to whlch attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Tln3 M Allison FCCA Cmwe U.K. LLP 55 Ludgate Hill London EC4M 7JW Dale.. 15 October 2025 Eton Action Statement of financlal actlvities for the year ended 31 December 2024 Total Total Unrestrlcted Unresrricted Funds Fund5 2024 2023 In¢ome from Donations 96.135 Other trading activities 31.372 14,425 Total income SI￿10 110.560 Expenditure Other trading activities 16671 13,5471 Charitable activities 15L9971 1101,7411 Total expenditure 153WI 1105,2881 Net income and net movement In funds 5.272 Reconclliatlon of funds.. Total fund5 brought loNard 15.788 10,516 Total funds carried forward 16.134 15.788 The notes on pages 9 to 12 form part of these rtnancial staternents. Eton Actlon Balance sheet as at 31 December 2024 2024 2023 Notes Cvrrent assets Cash at bank and in hand 48,146 Total ¢urrent assets 48.146 Llabllities Creditors- amounts falling due w¢thln one year 13Z.1691 132.3581 Net curnent assets 16,135 15.788 Totsl net assets 16,134 15,788 Fund5 of the charty- Unrestrirted fvnds General fund 16,134 15.788 Total funds 16,134 15.788 The accounts of Eton Action set out on page5 6 to 12 We￿ authorised lor issue and approved by the trustees on 7 October 2025 and signed on their behalf by= T Arbuthnott Trn￿ee Eton Action Cash Flow Statement for the year ended 31 December 2024 Notes 2024 2023 Cash flows from opernting ac¢l¥lties Net cash provided byl lused Inl operatong artivr(le5 io 158 128.9691 Change In o5h and cash eguivalents In the J*ar 158 128,9691 Cash ar5d cash equivalents at the beginning of the year Cash and cash equivalents atthe end ofthe v 48,146 77.115 48,304 48,146 The notes on pèges 9 to 12 form part of these financial staternents. Eton Artion Notes to the financial statements for the yearended 31 December 2024 Charlty Information EtonAction is a charity registered with thecharity Commlssron in En￿and and Wales.charttynurnber258247. The address of the registered oflice is Eton College, Ettsn. Windsor, Berkshire SL4 6DB. Accounting policies Ba515 of a¢￿￿￿tIng The financlal statements have been prepared ID accordance wr(h Charities SORP IFRS1021 applicable to charities preparing their accounts in ac(ordante with the Financial RepDrtin8 Standard applicable in the UK and Republic of Ireland and the Charities Att 2011 and the UK GenerallyAccepted Practi￿. The financial staternents have been prepared to give a 'true and fairf VEW and have departed frorn the Charities (Account5 and Reports) Regulations 2tX)8 only to ihe extent requir￿ to provide a 'true and fair vieW. This departure has Involved following Accounting and Reporting by charit￿5 prepariTrB their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republicof Ireland IFRS 1021 issued on I6ju￿ 2014 rather than the Accounting and Reporting by Charitie5'. Statement of Recommended Practice effectivefrom l April 2CX)5 which has since been withdrawn. Eton Action meets the definitlon of a public benefft entty under FRS IOZ. Assets and lièbiltties are initially recognised at histOriCdl cost or tyansactlQn Value unless otherwise ststed in the relevant accounting policy notes. Golng Concern The trustees have a reaSona￿e expectation that the charFty has adequate re50urce5 to conttnue in operatlonal existence for the foreseeèble future. No material uncertainties ￿lat￿)n to the ability of the charity to continue on a going conceffl basis have been identsfied by the trustee5. Thus, they continue to adopt the going concem basis of accountin8 in prepartng the finanoal statements. Income All incorne is reco8ni5ed once the chanty has entitlement to the Inco￿￿, it is probable that the income will be re£eived and the amount of income receivable can be measured reliably. Donations are recognised on receipt unless Eton Attion h35 been t)otified in writiThg of both the amount and settlement date. Other Irading activities include income generated through fundrais4n8 *ents hosted by Eton Acrlon ènd incorne 15 recognised on a receipts basis. Expenditure All expenditure 15 accounted loi in the Statement of Finanoal Activtties in the period to which the cost relate5. Expenditure is classified into expense care8ories based on the nature of the cost incuried. Donations are accounted foT in the period in which they are made or once the donationhas been cornmunicated to a third party. The policy lor making donations is detailed in the Trustees. report. Governance costs Governance costs comprise all costs Ident￿led as wholly or mainty attrkntable to en5vri￿g public 3uountabllity of the charity and its cornpliance wtth regulation. being e¥temal audit ￿$ts. These costs have been met by Eton College and are nol re-charged. Eton Artion Notes to the flnancial statements for the year ended 31 December 2024 (continued) Finan¢lal Instruments Eton *lrtion has finanaal assets and financial liabilitie5 of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised ai transaction value andsubsequently measured at amortised cost. Financial assets held at amortised cost comprlse cash at bank and in hand, together wlth accwed income. Financial liabilities held at amortised c05t comprise donations Payab￿. Funds Unrestricted fijnds can be spent on any charitable purpose in accordarKe with the object5 of the charity at the discretion of the trustees. Key estbmates and lud¥ements In the application of Eton Action's accountin8 policies. vhbich are desLribed. trusree5 are required to make judgernents, e5timate5. and assumptions about the carrying v3lues ofassets ènd liabilities that are not readilv apparent from other sources. The estimate5 and underlying a55umptioTrs are based on historical experience and other factors that are conSide￿d to be relevant. Actual results may differ from these estirnates. In the view of the trustee5. no as5umpttons concerning the future or e5timatiofi uncertainty affecrlng assets and liabilities at the balance sheet date are liketyto resvFt In a material adjustment to their carrying amounts ifj the next financial year. Analysis of income 2024 2023 Fair taknngs 31,713 67,210 Mufti dav 3.278 3.135 Sponsored events 11,628 23.$43 Ukraine Appeal 4,363 House Events Other 5,896 3.886 IA95 8.423 Income from donations and trading attivities S4￿10 110.560 10 Eton Artion Notes to the financlal statements for the year ended 31 December 2024 (contlnued) Analysis of expenditure The donatlons made in 2024 are detailed below. 2024 Save the Ch¢ldren li￿28 Slough Refugee Support 7,766 Rainbow Trust Children's Charity CALM 6350 6,350 BEAT Restart Africa 6350 Lymphoma Action UK 3,937 Mencap 3,278 Eton Pre Schwl 447 Mind 292 Ruth Strauss Foundation 249 Total S2,997 Independent examiner fee is pald by Eton College and is not induded in expenditure for Eton Action. Trustees and employees Eton Action has no staff. None of the trvstees received any rernuneration or expense5 during the yea¥12023- Enill.. however. all of the trustees were remunerated by Eton College for services excluding those in their Cap￿lty as trustee. Eton Action Notes to the flnancial statements for the year ended 31 December 2024 (continued) Creditors- amounts falling due within oneyear 2024 2023 Donations Payable 31169 32,358 Other creditors 32.169 32.358 Unrestrirted income funds 2024 2023 At l January IS,788 10,516 Net movement in the year 5,272 At 31 December 16,134 15,788 Analysis of net assets between funds All the funds of Eton Action are unrestricted. Related party transactions All of the trustees were employees of Eton College during the currentand prior year and were remunerated by the College other than in a capactty as trustee. Eton Colle8e pupils and staff founded and njn Eton Action. The Eton Action independent examiners fee of £1.5￿ exdvdin8 VAT12023.. El.5￿) is bome ty Eron College and is not recharged. io Reconciliation of net income to net cash flow from operating activities 2014 2023 Net expendiiure as per Statement of Financial Activities 5.272 (Decrease) in creditors Net cash piovided byl lused in) operating 118BI 134,2411 158 128,9691 12