EMPRESS EUGENIE MEMORIAL TRusr
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Charity Number 240701
,GROUP BUSINESS
ADVISORS
¥A¢(
The Granary
Hoiies Yèi
Wa¥erley Lane
Famham
Surrey
GU9 8BB

EMPRESS EUGENIE MEMORIAL TRUST
FINANCIAL STATEMENTS
YEAR ÉNDED 31 DECEMBER 2024
CONTENTS
PAGE
TrLtstees Annual Report
Independent examiner's report to the trustees
Statement of flnanclal actbvities
Balance sheet
Notes to the financlal statements

EMPRESS EUGENIE MEMORIAL TRUST
TRUSTEES ANNUAi REPORT
YEAR ENDED 31 DECEMBER 2024
The trustees p￿sent their report and the unaudited financial statoments of the charity for the year
ended 31 December 2024.
REFERENCE ANDADMINISTRATIVE DETAILS
Regirtered charity name
Empress Eugenie Memorlal Trust
Charity regi5tratlon number
240701
St. Michaels Abbey
280 Farnborough Road
Farnborough
Hampshire
GU14 7NQ
The trustees
The trustees wh) served the charity during the period were as follows:
Rt Rev. D. C. Brogan OS8
Mr J. Bogle Esq
Rev. N. T. Harper 05B
Re¥. T. Viclan OSB
Rev. M. D. Mycka OSB
Bankers
The Royal Bank of Scotland plc
Lawrie House
Victorla Road
Farnborough
Hampshire
GU14 7NR
Solicitors
Irwin Mitchell
Oxford House
12-20 Oxford Street
Wewbury
Berkshire
RG14 IJB
Independent examiner
Mr S. P. F. Howell FCCA
TC Group
The Granary
Hones Yard
Waverley Lane
Famharn
Surrev
GU9 8BB

EMPRESS EUGENIE MEMORIAL TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The Trust Deed was established by an Indenture dated 24 April 1888 whlch Is Subject to 5cheme5
direrted by the Charity Commissioner in 1963 and 1965, registered number 240701.
DetaiLs of Trustees are shown on the previous page.
The Trurt malntains the Church. Monastery and Land and the Resident Religious Community on the
site Df St Michael's Abbey, Farnborough. Assets are held forgeneral administration and every day Ilving
ofthe Community.
The Empress Eugenle Memorlal Trust Is associated with St Mlchael's Abbey Charttable Trust and both
charities share the same contact address as dlsclosed on the previous pa8e.
The Trust Deed requires five Trustee5. The chalr of Trustees is responslble forthe induttion of any new
Trustee which involves awarenes5 of a Trustee's responslblllties. the 8overning do¢ument,
administrative proceéure5 and history of the charity. A new Trustee would receFve a copy of th2
previous year's annual report and accounts and a copy of the Charity Commission leaflet The Essential
Trustee.. What you need to know,.
The Trustees meet fomially at least once per year, wlth additional meetlngs as need may arise, under
the ch3irmanshlp of the Abbot of the resident religious communlty.
In addition tothe fomal meetines of the TrustÉes to examine the progress of the accounts, to approve
them. and fordecision-making, a high level of communication between Trustees is ensured bythe fact
that three of the five Tr￿￿teeS live at the Abbey and therefore maintain day-to-day running of affairs,
35 well a5 consultation wth the non-resldènt Trustees,
The Trust 15 registered with HM Revenue and Customs as charity wlth tax exempt 5tatU5.
PUBUC BENEFIT
The trustees arè mindful ¢f the need for the charityto demonstrate that it provide5 public benefit and
they have had reg?rd to the general guidance on the prowsion of public beneflt published by the
Charity Commission.
OBJEcfivES AND ACTivmES
The upkeep of St Michael's Abbey, Famborough and the support of the Resident religious Communitv
has continued throughout the year,
The objects of the Trust are advancement of religion from the use of the Trusts premlses as a place of
divine worship, and for the celebratSon Df religlous seryices ac£ording to the rites and usages of the
Roman Catholic Church.
ACHIEVEMEfft AND PERFORMANCE
The Trustees are continuing with their efforts on the security and good stewardshSp of the extensive
land In the Trusts care, whllst also working with the local cummunlty on projects that intreasÈ both
5ecurfrty and good working ￿latIOnshIps, as well a5 generating a 5Tnall revenue. The Trustees continue
to encourage development of the Abbey P￿$$ and other methods of increasing the Trusts regular
income.

EMPRESS EUGENIE MEMORIAiTRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 310ECEM8ER 2024
FINANCIAL REVIEW
Durlng the year under review the charitys total funds Increased from £1,438,199 to £1,447,22212023
increased from £1,429.016 to £1,438.1991- The breakdown of this ch3nge can bè seen on the
ststement of financlal activities.
In the course of the year, the major rettorations of the Abbey church and estate have contlnued, with
particular focus on public access, health and safety. and conservation of the considerable hlstorlc
patrimony. These work5, for which considerable assistance come5 from another Tru5¢ Is likely t¢
continue across the next couple of years.
RISK MANAGEMENT
The Trustees have examined the major strategic business and operatSonal rlsk5 to which the Trust
exposed, and conflrm that systems have been established to mitigate those risks to which the Trust is
exposed, and conflrm that 5Vstsms have been estab115hed fo mitigate those risks are reviewed from
time to tlme. The Trustees have identified the maintenance of the income stream as a potential risk to
the charity- This, together with the close control of costs. Is a matterwhich receives the trustees close
attention.
INDEPENDENTEXAMINER
Slmon Howell FCC& ofTCGroup has been re.8ppointed a5 independent examlnerforthe ensuinByÈar.
Signed on behalf of the trustees on
. 2025 by
St. Michael's Abbey
280 FarnborDu8h Road
Farnborough
Hampshire
GU14 7NQ
Rt Rev. D. C. Brogan DSB
Chalrman

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EMPRESS EUGENIE MEMORIAL TRUST
YEAR ENDED 31 DECEMBER 2024
I report to the charty trustees on my exarninatlon of the accounts of the charity for the year ended
31 December 2024 whl¢h are set out on pages S- 13.
RESPONSIBILrriES AND BASIS OF REPORT
As the ¢harity's trustees you are responsible for the preparation of the accounts In accordance with
the reqLtlrements of the Charities Att 2011 {'the AcV}.
I report in respett of my examinatlon of the charlty's account5 ¢arried out under section 145 of the Act
and in carrying out my examinatlon I have followed all the appllcable Directions given by the Charity
Commlsslon under sertion 14515llbl of the Act.
INDEPENDENT EXAMINER'S STATEMEpir
I have completed my examinatlon. I confimi that no material matters have coffle to my attention in
connection wlth the examination giving me cause to believe that in any material respect:
accountlng records were not kept In respert of the Charity a5 requlred by section 130 of the Act:
or
the accounts do not accord wlth those records; or
the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (accounts and Reports) Regtjlations 2008 other than any
requirementthat the accounts give a 'true and faIrVie￿ whlch is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters In connection with the exarninati(Jn to
which zttÈntlon should be drawn in thi5 report in order to enable a proper understanding of the
accounts to be reached.
Simon Howell FCCA. of TC Group
Independent examiner
The Granary
Hones Yard
Waverley Lane
Farnham
GU9 8B8
Dated:

EMPRESS EUGENIE MEMORIAL TRUST
STATEMENT OF FINANCIAL ACllVITIES
YEAR ENDED 31 DECEMBER 2024
Unrestrfcted Restrfctsd Total Funds Total Funds
Funds
Funds
2024
2023
INCOME AND ENDOWMENTS FROM:
Donattons and legacies
Charitable actlvlties
Investrnents
Other
28,643
116,500
196
28,643
116,500
196
8,993
25,706
116,500
221
9,753
8,993
TOTAL INCOME
154,332
154.332
152,180
EXPENDrruRE ON:
Charitable activitie5
(145,3091
1145,3091 {142.9971
11453091 1142.9971
9,183
TOTAL EXPENDITURE
(145,3091
INCOME/IEXPENDrruRE)
9,023
9,023
RECONCIUATION OF FUNDS:
Totsl funds brought forward
1,438.199
IN38,199
1,429,016
TOTAL FUNDS CARRIED FORWARD
I,H7,222
1,447,222
1,438.199
The Statement of Flnanclal Activities includes all gains and losses in the year and therefore
a statement of totsl recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activitles.
The notes on pa8•5 7 10 13form part oftheseflnanclal StrdterriEnts.

EMPRESS EUGENIE MEMORIAL TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Tanglble assets
14
1,286,660
1,290,047
CURRENT ASSETS
Debtors
Cash at bank
229,066
37,170
208,926
37,634
266236
1105ffi74}
246,560
(82,5611
CREDITOR5: Amounts falllng due withln one year
16
NEf CURRENT UABILITIES
160,562
163,999
TOTALASSEfs IESS CURRENT LIABILITIES
1,447,222
1,454,046
CREDITORS: Amounts falling due after more than
one year
17
115,8471
A55Et5
IW17,222
1.438,199
FUNDS
Restricted Funds
Unrestricted Funds
18
1,447322
1,438,199
TOTAL FUNDS
IA47,222
1,438,199
These flnancial statements were approved by the members of the committee and authorised for issue
on the ,.,..
2025 and are signed on their behalf by..
Rt Rev. D. C. Brogan OSB
Chainnan
IhE note5 on p•sès 7t0 13 fomi p8rtofthe*fth*Klal statement&

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TOTHE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING pouaES
Basls o* accountlng
The accaunts Iflnanclal statements) have been prepared under the historical cost conventlon wlth
items recognised at cost or transaction value unless otherwise stated in the relevant note(sl to
these Bccounts, The financial statements have been prepared In accordance with the second
edition ¢* the Charitles.. Statement of Recommended Practice issued In October 2019, the
Financlal Reporting Standard applicable in the Untted Kingdom and Republic of Ireland IFRS 1021
aftd the Charlties Act 2011.
The financial statements are presented In sterling which 15 the lunctlonal currency of the tharty
and rounded to the nearest £.
Empress Eugenie Memorial Trust meets the dèfinition of a public benefit ent]ty under FRS 102.
The trustees ¢onsider that there are no materlal uncertainties about the charivs ability to
continue as a going concern.
Fund accountlnE
Unrestrlctecl funds can be used in accordance wlth the charitable objectives * the discretion of
the trustees.
Restricted funds can only be used for particular restrltted purposes wlthin the objects of the
charity.
DesiBnated funds are unrestricted funds of tht charity which the Trustees have decided at their
dlscretSon to set aside for a speclfk purF)ose.
Further explanation of the nature and purpose of each fund is included in the notes to the
finandal statèments.
Income
Rents End domestic income are all accounted for when receivable.
Donations and legacy income is reco8nlsed in the accounts when the charity is legally entltled to
the income and the amount can be quantified with reasonable accuracy.
Expenditure
Expenditure is accounted for on an accruals basls, Inclusive of irrecoverable VAT.
Flxed assets and depredatlon
All fixed assets are initially recorded at cost. Depreclatlon is calculated so as to write off the cost
of an asset. less it5 estimated residual value, overthe useful economic life of that asset as follows..
Fixtures & eoulpment- 25% reduclng balance
Motor vehicles
25% reducing balance
The freehold properties are Stated at the open market valuation at April 1993, except for the
acquisition in 2006 which Is stated at C05t. No depreciation is provided.

EMPRESS EUGENIE MEMORIAL TRusr
NOTES TO THE FINANCIALSTATEMENT5
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES f¢ontlnuedJ
Cash and cash equivalents
Cash and cosh equivalents include cash in hand and dep051ts held at call with banks.
INCOME FROM DONATIONS AND LEGAaES
Unrestrlcted Totsl Funds Total Funds
Funds
2024
2023
Guest donations
Other donations
Church donations
Gift ald
loo
23,386
22,916
1,514
4,213
22,916
1,514
4,213
2,220
28,643
28,643
25,706
Income from donations and legaaes was £28,64312023 - £25,7061 of which £nll12023- £nill
was attributable to ￿$trIcted and £28,643 12023 - £25.7061 was 3ttribirtable to unrestricted
funds.
INCOME FROM CHARITABLE ACTIVITIES
UJ)restricted Total Funds Total Funds
Funds
2024
2023
Rental income
Abbey House, Farnborough
St Michael's Abbey
104,500
12.(
104,500
12,000
104.SOO
12,000
116.500
116,500
116,500
INVESTMENT INCOME
Unrestrirted Total Funds Totsl Funds
Funds
2024
2023
Bank interest receivable
196
196
221
OTHER INCOME
Unrestrkted Totsl Funds Total Funds
Funds
2024
2023
Other Income
Allotrnent fees
2.500
7.253
8,993
8,993
8,993
8.993
9.753

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
ActÉ¥Étles
Management
undertaken
and Total Funds Total Funds
dirertly admlnistration
2024
2023
Management and administration
Chfiritable activities
43,176
43,176
102,133
43,415
99,582
101133
IIY2,133
43,176
145,309
142,997
Expenditure on tharitable 3Ctivities wa5 £145,309 12023 £142.9971 of which £nll 12023
£33,9601 was attributable to restricted and £145,309 12023 £109,037} was attributsble to
unrestricted funds.
CHARITABLE ACTIVITIES
2024
2023
Wages
Household provisions
ght and heat
Repairs and renewals
Church and sacristy
Estste costs
23,003
10,208
25,499
6,265
Z3,797
5,991
33.960
4.070
796
3.190
102,133
99,582
MANAGEMENT AND ADMINISTRATION
2024
2023
lrnsurance
Travel costs
Subscriptions
Telephone
Sundry expenses
Independent￿M1ne￿fees
Bank Charges
Depreciatlon
31.655
965
3.384
1.185
30,022
1,302
3,413
1,207
475
2,220
259
4,517
2,220
380
3*7
43,176
43,415

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TO THE FINANaAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
9. NET INCOME FOR THE YEAR
Thls is Stated 3fter charging:
2024
2023
Depreclation
3,387
4,517
10. STAFF COST5 AND EMOLUMEMTS
Total staff costs were as follows:
2024
2023
Wages and salaries
23,003
25.499
Particulars of employees:
The average number of employees during the year, calculated on the basls of lull-time
equivolents, was as follows:
2024
No
2023
No
Number of administratlve 5t?ff
No employee received remuneration of more than £FKJ.000 during the year12023- nlll.
11. TRUSTEE REMUNERATION
No trustees received remuneratlon durlng the year12023- nill.
No trustees received any other benefits from the charity durlng the year12023- nill.
11 PART)CUiARS OF CONNECTED CHARITIES
Empre55 Eugenie Memorial Trust is associated with St Michael's Abbey Charttable Trust. Both
charities share the same contact address as disclosed on page l of these accounts.
Included wlthin other creditors at 31 December 2024 is £65,746 12023 - £52.6911 due to St
Michgel's Abbey Charitable Trust.
13. RELATED PARTY TRANsA￿laN5
The Tw5t own the entire share capltsl of Saint Mithael's Abbey Press Limited. Included within
debtors at 31 December 2024 Is £196,48912023-£182.9841 duefrom Saint Michael's Abbey Press
Umlted.
-io-

EMPRESS EUGENIE MEMORIAL TRusr
NOTES TOTHE FINANaAL STATEMENTS
YEAR ENDED 310ECEMBER 2024
14. TANGIBLE FIXED ASSETS
Freehold Fixtures &
property Equipment
Motor
Vehicles
Total
C05T
At lJanuary2024
Additions
1276,51)0
106,076
28.127
IBIO,703
At 31 December 2024
1276,500
106.076
28,127
IAIO,703
DEPREaATION
At l January 2024
Charge for the year
105,878
50
14.778
3,337
120,656
3,387
At 31 December 2024
105,928
18,115
124043
NET 800K VALUE
At 31 December 2024
1.276,5CN)
10.012
1,286,660
At 31 December 2023
1,276.5
13,349
1,290,047
The properties, wlth exception of 25 Abbey Way purchased in 2006. are stated at open market
value as valued by A P Bell FRICS of RedwDods {fomierly Klnghamsl, Aldershot in April 1993.
The current insuronce value of all the above properties is approxlmately £20.3 million12023 -
£20.3 million),
15. DEBTORS
2024
2023
Saint Michaels Abbey Press Limited
other debtors
196,489
32,577
182,984
25.942
229,066
208.926
16. CREDITORS: Amounts falling due within one year
2024
2023
Trade creditors
Other credltors
13,344
92,390
18,470
64.091
105,674
82,691
-li-

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 310ECEMBER 2024
17. CREDITORS: Amounts frlllng after one year
2024
2023
Hlre Purchase
15.847
I& ANALYSIS OF CHARITABLE FUNDS
Analysis of movement in unrestricted fund5
Balance at I
Jan 24
In¢oming
resour£e5 Expendlture
Balance at
31 Dec 24
OesiEnated funds
Charitable artivities
10,072
1,428,127
10,072
1145,309) 1.437,150
1145309) 1.447.222
154332
1,438,199
154,332
Analysls of movement in unrestrlcted fund5- prévlous year
Balance at I
Incomlng
J*1 23
resources Expendlture
Balance at
310ec 23
Desi8n8ted funds
Charitable activrties
10,072
1,384
10,072
1109,037) 1,428.127
1109,037) 1,438,199
Z,180
1,395,056
152.180
Analysls of movement In restricted funds
Balance at I
Jan 24
Incomlng
resources Expenditure
Balance at
31 Dec 24
No movementdurlng theyear
The Restricted funds are available for future expenditure In relatlon to specific activ¢ties and
projects that the charity will undertake.
Analysis ot movement in restricted funds- prevlous year
Balance at i
Incoming
Jan 23
resources Expendlture
Balan¢e at
31 Dec 23
Church Pew restoratlon
3￿￿60
133,9601
133,9601
33A60

EMPRESS EUGENIE MEMORIAL TRUST
NOTES TO THE FINANaAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
19. ANALYS15 OF ASSETS BMVEEN FUNDS
Unrestricted
funds
Designated Restri¢ted
funds
funds
Total
Tangible assets
Current assets
Cash at bank and in h3nd
Current Ilabilities
1,286,660
218,994
37,170
(105,6741
1,437,150
1.286.660
IOX172
37,170
(105,674)
Total Funds
10,072
1.447,222
ANALYSIS OF NET ASSETS BMVEEN FUNDS- previous year
Unrestrlcted
funds
De51gnated RÉ5tricted
fund5
funds
Total
Tangible assets
Current assets
Cash at bank and In hand
Current liabilities
1,290,047
198.854
37,634
(98,4081
IA28.127
1,290,047
208,926
37.634
{98A081
10,072
Total Funds
10,072
1,4¥199