EMPRESS EUGENIE MEMORIAL TRUST
FINANaAL sfATEMEPITS
FOR THE YEAR ENDED
31 DECEMBER 2021
Charlty Z40701
tI"-S "JA
Granary
HorE5 Yard
Wa¥er* Lane
Farnham
SuFrev
GU9888

EMPRESS EUGENIE MEMORIAL TRusr
FINANCIAL sfATEMEKf5
YEAR ENOED 31 DECEMBER 2021
coTrirENTS
PAGE
Trustees Annual Report
Independent examinees report to the trustees
Staternent of financial attivities
Balance sheet
Notes to the financial statements
7-13

EMPRESS EUGENIE MEMORIAL TRUST
YEAR ENDED 31 DECEMBER 2021
The trustees present their report and the unaudited financial statements of charity for the year
ended 31 December 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Empre55 Eugenie Memorfal Trust
Reglstered tharity name
Charlty reglstratlon number
240701
SL Michaels Abbev
280 Farnborough Road
Farnborou8h
Hampshi
GU14 7NQ
The trustees
The trustees who ser4ed the charlty durln8 the period were as follows:
Rt Rev. D. C 8roqan OS8
Mf J. Bo8le Esq
Rev. N. T. Harper OSB
Rev. Hood OS8 (resigned 12 July 20211
Mr K. MacnJb Esq (reslgned 12 Juty 2021}
Rev. T. Vklan OSB lappolnled 12 July 20211
Rev. M. D. Mycka OSB (appointed 12 July 20211
The Royal Bank of Scotland pk
Lawfie House
ctorla Road
Farnborough
Hampshire
GU14 7NR
Bankers
Sollcltors
Thomas E88ar LLP
Newbury House
20 Kings Road West
Newbury
Berkshire
RG14 5XR
Independent examlfter
Mr S. P. F. Howell FCCA
TC Group
The Granory
Hones Yard
Wavedey Lane
Farnham
Surrey
GU9 8BB

EMPRESS EUGEN￿ MEMORIAL TrUST
TRUSIEES ANIIUAL REPOFrr
YEAR ENI>ED 31 DECEMBER 2021
The Trust Deed was established by an indenture dated 24 April 1888 which is subject to schemes
directed by the Charity Commissioner in 1963 and 1965, registered number 240701.
Detsiis of Trustees are shown on the previous page.
The Trust malntains the Church. Monastery and land and the Resident Reli8iOU5 Community on the
site of St Michael'sAbbey. Fornborough. Assets are held forgeneral administration and every day living
of the Cornmunity.
The Empress Eugenie Memorial Trust is associated with St Michael's Abbey Charitable Trust and both
charities share the same tontatt address as disclosed on the prevk>us pa8e.
The Trust Deed requires five Trustees. The chair of Tnistees Is ￿SPOnSible for the inductlon of any new
Trustee which involve5 awareness of a Tfustee's responsibilities, the governing document.
administrative procedures and history of the charity- A new Trustee would ￿CeIve a copy of the
prevlous year's annual ￿pOrt and accounts and a copy of the Charlty Commission leaflet'The Essential
Trustee: What you need to know..
The Trustees meet fomlally at least once per year, with addltlonal meetlngs a5 need may arise, under
the chairmanship of the Abbot of the ￿sIdent feligh)us communlty.
In addttion to the fornial meetings otthe Trustee5 to examine the pro8ress of the accounts. to approve
them, and for decisl0n-mak1￿ a hi8h level of communication between Trustees is ensured by the fact
that three of the fNe Trustees live at the Abbey and therefore maintain day-to-day runnin8 of èffalrs,
as well as consultation with the non-resident Trustee5.
The Trust is re8iStered with HM Revenue and Culloms as chaiity with tax exempt status.
PLIBUC BENEFIT
The tmstees are mindful of the need for the charlty to demonstrate that it provldes public benefit and
they have had regard to the general guidance on the provision of public benefit published by the
Charity Commission.
OBJECTIVES AND AcrivrriE5
The upkeep of St Michael's Abbey. Famborough and the support of the Resident rellgious Community
has continued throughout the year.
The objects of the Trust a￿ advancement of religion from the use of the Trnsts premise5 as a place of
divine worship. and for the celebration of reliwous seThices accordin8 to the rites and usages of the
Roman Catholic Church.
ACHIEVEMENTS AND PERFORMANCE
The Trustees are continuing with their efforts on the security and Bood stewardship of the extensNe
land in the Trusts care, whi15t also WOF*in8 with the local communty on projects that increase both
security and good workin8 relationships. as well as generating a small revenue. The Trustees continue
io encourage derfelopment of the Abbey Press and other methods of increasin8 the Trusts regular
income.

EMPRESS EUGENIE MEMORIAL TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
During the year under review the chariV5 total funds decreased from £1.638.358 to £1.385.24912020
Increased from £1.327,324 to £1.638.3S81. The breakdown of this change tan be seen on the
ststement of financial art¢vrties.
In the course ofthe year, the major ￿$tOratIOnS of the Abbeychurch and estate have continued. with
particular focus on public access, health and safety. and conservation of the considerable historic
patrimny. These V￿rkS, for whlch considerable assisrance from another Trust, Is likely to corktlnue
across the next couple of years.
RISK MAP4AGEMENT
The Trustees have examined the malor strateglc business and operational r15ks to whtch the Trust
exposed, and confirm that systems I￿ve been estsblished to mitigate those risks to which the Trust is
exposed. and confimi that systems have been established to mitigate those risks are reviewed from
time to time. The Trustees have identified the maintenance of the income stream a5 a potential risk to
the charity. This. together with the close control of costs, Is a matter which receives the trustees close
attention.
INDEPENDENT EXAMINER
Simon Howell FCC4 ofTC Group has been re4ppoSnted as Independentexamlner for the ensuing year.
Sl8ned on behalf of the trustees on
&1.4)*...... 2022 by
St. Mi¢hael's Abbey
280 Farnborou8h Road
Farnborough
Hampshire
GU14 7NQ
Rt Rev. D. C. Brogan OSB
Chaimian

INOEPENDENT EXAMII4Ea'S REPORTTO THE TRUSTEES OF
EMPRESS EUGENIE MEMORIAL Trusr
YEAR ENDED 31 DKEMBeR 2021
I report ￿ the charity irustees on my examinatiofi ol ihe xcounts of charily for the year ended
31 Oe(ember 2021 which are set 0￿ on pages 5. 13.
RESPONSIBILMES AND BASIS OF REPORT
As the charity's trusiee5 you are responsible for the preparatson of the accounts in accordance wilh
the requlrements of the Charilies Aci 20111.the Acl'l.
I report In fespect of my examjnation ofthe charivs accounts Caffied otrt under section 145 ofthe Act
and in carryin8 Out my examlnation I have followed all the applicable Direction5 8tven by the Charity
Commission under 5eclion 145lSllbl of the Acl
INDEPENDENT EXAMINER'S STATEMEiir
&nce the charity's 8ross Income exceeded £250XIY)youf examinermust be a member ofa body lisied
In section 145 of ihe Aci. I confirm Ihal l am qualified to undertake the examination because l am o
member of the Associalion ofCharteTed Certified Accountants which is one olihe lisied t￿dIes.
I havt completed my examinatlon. I confimi t￿1 no materNI1 fflatters have come to my aitention in
connection with the ex•mination gmng me uuse lo believe Ihat in any malerial re5peci'.
accounting records were noi kept in resprfr of ihe tharity as fequlred by section 130 of the Aci:
or
Ihe accounls do not accord with those records.. or
the accounts do nol compty with the applicable requirements concerning the forni and content
of account5 set out in the Charilies laccounts and Reports1 Regulations 2CW other than anv
requirement that the accounts give •'¢n* and tair vle¥rf which is Thjt a matier considefed as pan
of an independent examlnatioD.
I have no concern5 and have come across fto ot￿r matters In conneciion with the examinatton to
which atient￿n should be drawn in this report in order to enable a proper understandin8 of the
ccounts to be reached.
Simon Howell FCCA. of TC Group
Independent examine¢
The Granary
Hone5 Yard
Waverley Lane
Fafnham
GU988B
Dèled..
(O
1gLL

EMPRESS EIJGENIE MEMORIAL TRUST
ATEMENT OF Rf4ANaAL AcrivmES
YEAR ENDED 31 DECEMBER 2021
Unrestrirted Re5trfcted Totsl Funds Total Funds
Funds
Fund5
2021
2020
INCOME AND ENDOWMENTS FROM:
Donations and legacie5
Charitable actNttles
Investments
68,1M)i
116,5(X)
352,141
116,500
1165lJ)
Other
6,5
6.590
6.465
475.111
TOTAL INCOME
191,091
191.091
EXPENDITURE ON:
Charltable acttvttles
1157,772} 1286,428) (444,2001 1164.077)
1157.772) (286A28) (444,ZQ)1 1164,0771
33319 (286,428) 1253,109)
311,034
TOTAL EXPENDITURE
NET INCOMVIEXPENDITURE)
RECONCIUATION OF FUND&"
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
1347,115
291243 1,638.358
4*15 1,385.249
1.327.324
L380.434
1,638.358
The Statement of Flnanclal Activities includes all gains and losses In the year and therefore
statement of total recognised gains and losses has not been prepared.
All of the above amounts rekte to continuln8 activities.

EMPRESS EUGENIE MEMORIAL TRLisr
BALAN￿ SHEEr
310ECEMBER 2021
2021
2020
FIXED ASSErs
Tangible assets
14
1.300,584
1,286,362
CURREMf ASSETS
Debtors
Cash at bank
184A41
15,298
384,561
18,437
199.739
191.705)
402,998
(51,0021
CREDITOR5.. Arnounts frdllln8 due vrithln one year
NET CURRENT UA81LmES
108.034
351,996
TOTAL ASSEfs LESS CURRENT UABIUTIES
1,408.618
1.638,358
CREDITORS: *kn￿￿nts lalling due after More th•n
one year
17
123.3691
NET ASSETS
lJ85,249
1,638,358
FUNDS
Restrirtéd Funds
Unrestrlcted Funds
4￿15
1,380.434
291.243
1,347,115
TOTAL FUNDS
1,385,249
1,638,358
These flnancial statements were approved by the members of the committee and authorised for issue
on the....
- 2022 and are signed on thelr behalf by..
Rt Rev. D. C. 8rogan OS8
Chairnian

EMPRESS EUGENE MEMORIAL TRusr
NOTESTO THE ANANaAL STATEMÉNTS
YEAR ENDED 31 DECEMBER 2021
ACCOUNTING pouaE5
Basls of accounting
The accounts Ifinancial Statements) have been prepared under the historical costconvention wlth
items recognised èt cost or transattion value unless othep*ise stated in the relevant notels) to
these accounts. The financial statements have been prepa￿d In accordan￿ wlth the second
edition of the Charities: Ststement of Recommended PrartI￿ issued in October 2019, the
Financial Reporting Standard applicable in the United Kin8dom and Republic of Ireland IFRS 1021
and the Charlties Act 2011.
The financial statements are presented in sterfing which is the functional currency of the charity
and rounded to the neare51 £.
Empress Eu8enie Memorial Trust meets the definltion of a public benefit entity under FRS 102.
The trustees consider that there are no materlal uncertainties about the charitvs abllifv to
continue as a 8oin8 concem.
Fund accountlnq
Unrestricted funds can be used in accordance wlth the charitsble objectives at the dlscretlon of
the tnistees.
Restrlcted fvnds can onty be used fof pankular restricted purposes wlthin the objects of the
charlty.
Deslgnated funds are unrestricted fijnds of the charity which the Trustees have declded at thelr
discretion to set aside for a specific purpose.
Further explanation of the nature and purpose of each fund is Sncluded In the notes to the
financial ststements.
Income
Rents and domestlc Income a￿ all accounted for when re￿1¥able.
Donations and legacy income is recognised in the accounts when the charity is legally entitled to
the income and the amount can be quantif*d with reasonable accuracv.
Expenditure
Expenditure is accounted for on an accruals basis. indusive of irrecoverable VAT.
Flxed assèts and depre¢latii>n
All fixed assets ère initially recorded at cost. Depreciation is calculated so a5 to write off the cost
of an asseL less tts estimated residual value, over the useful economic life of that asset asfollow5-
Fixtures & equipment
Motor vehicles
25% reducing balance
25% reducin8 balance
The freehold propertbes are stated at the open market valuation at April 1993, except for the
acquisition in 2￿6 Twhich 1$ 5tsted at cost. No depreciation is provided.

EMPRESS EUGENIE MEMORIAL TRu¥r
NOTES TO ThE RNANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
ACCOUNTING pouaES Icontlnued)
Cash and cash equivalents
Cash and cash equiNelents indude cash in harKI ond depO￿ts held at call with banks.
INCOME FROM D014ATIOPIS AND LEGAQES
Unrestrlrted Total Funds Total Funds
Funds
2021
2020
Guest donatlons
Other donations
Glft aid
410
349,271
2,460
61.163
61.163
68,IX)i
68.001
352.141
INCOME FROM CHARITABLE AcnvmES
Unrestrirted Total Fund5 Total Funds
Funds
2021
2020
Rental Income
Abbey House, Faml)orou8h
St Michael's Abbey
104500
12.000
104,500
12.(h)O
104,500
12.OC(I
116500
116,5110
116,500
INVESTMENT INCOME
Unrestricted Total Funds Total Funds
Funds
2021
2020
Bank Interest recehfable
OTHER INCOME
Unrestrlrted Totsl Funds Total Funds
Funds
2021
2020
Recyding income
Allotment fees
55
6,410
6.550
6,550
6.590
6￿90
6,465

EMPRESS EUGENIE MEMORIAL TRusr
NOTES TOTHE FINANCIAL STATEMENrs
YEAR ENOED 31 DECEMBER Z021
EXPENDITURE ON CHARITABLE ACTMTIES
Athiiies Management
undertaken
and Total Funds Total Funds
direth adrninistratlon
2021
2020
Management and adrninistration
Charitable activittes
47580
47,580
396,620
27,660
136.417
396.620
47￿) 444.21x1
164,077
Expenditure on charitable activities was £444.2(X)12020- £164,077) of which £286,42812020-
£6,518) was attributable to restrlcted and £157.772 12020 - £157.559) was attributable to
unrestricted funds.
CHARITABLE AcfMTIES
2021
2020
Wages
Household provisions
Light and heat
Repairs and renewals
Church and sacristy
Estate costs
25,810
9,101
21,029
281,748
47,433
IIA99
24,787
32,690
19.507
58,998
435
396.620
136,417
MANAGEMENT AND ADMINISTRATION
2021
2020
Insurance
Travel costs
Subscriptlons
Telephone
Sundry expenses
Legal and professional fees
Independent examiners fees
Bank char8es
Dep￿ciatIOn
29,Ir24
4,595
3.513
1.193
iii
3.198
Z.2ZO
471
16.971
1,016
1,640
1,489
500
2,220
537
3,287
47580
27,660

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TO THE FINANaALSTATEMENTS
YEAR ENDED 31 DECEMBER 2021
NEf INCOME FOR THE YEAR
This is stated after charginw.
2021
2020
Depreclation
4.514
3.287
10. srAFF cosrs AND EMOLUMENTS
Total staff costs were a5 follows:
2021
2020
Wages and salaries
29,024
24,787
Partlculars of employees:
The average number of employees durlng the year, calculated on the basis of full-time
equivalents, was as follows:
2021
2020
No
Number of admlnlstratlve stsff
No employee receNed fernunerdtk>n of more than £60,OJ) durfng the year {2020- nlll.
11. TRUSTEE REMUNEAATION
No trustees re￿Ived remuneration of more than £60.OW during the year12020- nlll.
No trustees re￿IVed any other beneffts from ihe charlty durirvd the year12020- nlll.
12. PARTICULARS OF CONNECTED CHARMES
Empress Eugenie Memorial Trust Is associated with St Michael's Abbey Charitable Trust. 80th
charities share the same contact address as disctosed on pa8e l of these accounts.
Included wlthln other creditors at 31 December 2021 is £43.22412020 - £10.3421 due to St
Michael's Abbey Charitable TrusL
13. RELATED PARTYTRANSACTIONS
The Trust own the entire share capitsl of Salnt Mlchaefs Abbey Press ￿mIted. Included within
debtors at 31 December 2021 IsÉl58.53812020-£161.690} due from Saint Michael's Abbey Press
mited.
Right Reverend David Cuthbert Brogan is a Irustee ofSt Marfs Priory Fernham Residual Fund.
During the year, donations were received from St Marfs Priory Fernham Resldual Fund totalling
f nil12020- £307.6541.

EMPRESS EUGENIE MEMORIAL TRusr
NOTES TO THE HNANaAL 5TATEMEKrs
YEAR ENDED 31 DECEMBER 2021
I& TANGIBLE FIXED ASSE[5
Freehold Fixture5 &
pmperty Equlpment
Motor
Vehicles
Total
co
At l January
Additions
Dlsposals
1276.5
109.526
24.851
28,127
(24,851)
1.410,877
28,127
128,3011
13A50)
At 31 December 2021
1.276,5LMJ
106.076
28.127
1,410,703
DEPREaATIOII
At l January 2021
Charge for the year
Released on dispo￿lS
108.946
118
13.341)
15.568
4.396
115,5681
IZ4.514
4,514
118,9091
At 31 December 2021
105.723
4,396
110,119
NET BOOK VALUE
At 31 Decombtr 2020
1.2765LKI
353
23.731 1,300,584
At 31 December 2019
1.276.SiY)
9,282
1,286,362
The properties. with exception of 25 Abbey Way purthased in 2C(16. are stated at open market
value as valued by A P Bell FRICS of Redwoods Iformerly Kin8hamsl. Aldershot in April 1993.
The current insurance value of all the above properties ts approxlmately £20.3 milllon12020 -
£20.3 millionl-
15. DEBTORS
2021
2020
Saint Michaels Abbey Press Llmlted
Other debtors
158,538
25,903
161,690
222.871
184.441
384,561
16. CREorroRS: Amountsfalllng due wFthlrt one year
2021
2020
Trade c￿dItorS
Other creditors
19.953
71.752
6,966
44,036
91,705
51,IXI2

EMPIIESS EUGENIE MEMORIAL TRUS[
NOTES TOThE FINAp4aAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
17. CREDITORS: Amounts fallin£ due after one year
2020
Hire Purthase
23,369
18. ANALYSIS OF CHARITABLE FUNOS
Analysls of moveft*rf In unrestrfrted fvnds
Balance at I
Jan 21
Incomlng
resources Expendltyre
Balance at
31 Dec 21
Deslgnated funds
Charitable activities
10,072
lJ37.043
10,072
1157.7n) 1.370,36Z
191ml
1.347.115
191ml
1IS7,772) 1,380,434
Analysi5 of movement In unrestrfrted lunds- prevlous year
Balance at i
Incomlnz
Jan 20
resources Exwdltu
Balance at
310ec20
Desi8nated funds
Charitable activities
179
1327,145
9,893
167857
10,072
{157,559) 1,337,043
1327,324
177350
(157,5591 1.347,115
Analysls of movement In r¢strkted fvnd5
Balance at I
Jan 21
Ineomlnz
resources Expendituro
Balance at
31Drf21
Sash wlndow replacement
Emeryency roof replacement
Removal and replacement of the
estate road
134A821
120,185)
25,(
4,815
231,761
{231.761)
(286A28)
29L243
4,815
The Restricted funds a￿ available for fvture expenditure in felarion to specific activities and
syojects that the charity will undertake.

EMPRESS EUG841E MEMORIAL TRusr
NOTES TO THE FINANaAL STATEMErirs
YEAR ENDED 31 DE￿ MBER 2021
18. ANALYSIS OF CHARITABLE FUNDS (ContIn￿)
Analysis of movement lft restric*d fund5- previous year
BalJn(e at I
Incoming
Balance at
Jan 20
resources Expendlture 31 Dec 20
Sash window replacement
Emergency roof replacement
Removal and replacement of the
estate road
41,000
25.iNIO
16.518)
34,482
231.761
231,761
297.761
(6,518)
291,243
19. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS
Unrestrfcted l>esignated Restrfrted
funds
funds
funds
Total
Tan8lble ossets
Current assets
Cash at bank and in hand
CUr￿nt Ilablllties
1.3(KJ,584
174.369
10,483
1115,0741
1300,584
184,441
15,298
(115,074)
10,072
4,815
Totsl Funds
1370.362
lo￿￿
4A15 1.385,249
ANALYSIS OF NEf ASSETS BETWEEN FUNDS- prevlous yur
Unrestskt￿ Oe5*nated R85trirted
funds
fvnd5
funds
Total
Tangible assets
Current assets
Cash at bank and in hand
Current liabilities
1.286,362
83,246
18,437
(51,Iml
1,286,362
384,561
18.437
(51,0021
1,638.358
10.072
291243
Total Funds
1,337,043
10.072
291243