## **The Everest Trust** ## **Registered Charity 242242** ## Trustees Annual Report for the year ending 5th April 2023. ## **Charity Name:** The Everest Trust ## **Registered Charity Number:** 242242 ## **Charity’s Principal Address:** THE EVEREST TRUST NEW MEDIA LAW LLP 24 Hanover Square LONDON W1S 1JD Tel 0207 291 1670 ## **Charity Trustees:** Mrs Juliet Walker Mrs Chloe Wynn Volz Ms Laura Pomeroy Mr David Walker ## **Governing document:** Scheme of the Charity Commissioners dated 3[rd] April 2000. The Everest Trust, registered Charity number 242242, Trustees Annual report ## **How is the Charity Constituted?** The Trust is a registered Charity, number 242242. It was originally set up using funds from the sale of the Everest Home of Rest which was sold by descendants of the Everest family in 1965. The Trust does not actively fundraise and seeks to continue the ethos behind the objectives conceived of by the Trust founders, through careful stewardship of the existing resources. ## **Trustee Selection methods:** Trustees nominate and appoint successors from among the descendants of the Everest Family. There is no required minimum or maximum number of Trustees, but traditionally there is one representative Trustee from among the descendants of each of the three sibling founders; John Sheffield, Authur Sheffield and Sprigg Nanney Wynn. ## **Trustee Update:** No changes to report. ## **Objectives of the Charity:** The Charitable Objects are the relief of persons in need who are elderly, sick, convalescent, disabled or infirm. In furtherance of this object the Trustees may have regard to the criteria as follows: The Trustees may have regard to persons who in the opinion of the Trustees require or are likely to derive benefit from a period spent, whether temporary or permanent, in quiet surroundings and whose means are insufficient to enable them to provide these advantages for themselves and in particular for persons who are suffering from overwork or nervous breakdown or any other form of ill health likely to be benefited from rest and quiet including any persons who are engaged in any literary artistic or scientific work requiring quiet surroundings and freedom from interruption and disturbance. ## **Activities and Achievements during the accounting period:** The Trustees met twice face to face within the accounting period leading up to 5[th] April 2023; on 13[th] May 2022, and 21[st] November 2022. During the year, donations were made to Zane, Farms for City Children, Aggie’s, Go Beyond (Chicks), Injured Jockeys, Bomb disposal, Dorset and Somerset Air Ambulance Charity, Carer’s Trust, Young Minds, The Trussell Trust, Daniel Spargo, Honey Pot, the Womens’ Trust, The British Legion, The David Nott Foundation, Blind Veterans UK, Star and Garter, and to a fund in memory of two Colleagues (TBC around exactly how this will be implemented). ## **Public Benefit :** During the year ending 5[th] April 2024 the Trustees will ensure that careful regard is given to the Charity Commission’s guidance on Public Benefit and the legal duty that Trustees have to fulfil their duty with regards to public benefit. The Charity does not have a reserves policy. ## **The Trustees declare that they have approved the Trustees’ report above.** The Everest Trust, registered Charity number 242242, Trustees Annual report **Signed on behalf of the charity’s trustees:** **Signature:** **Full name:** Laura Pomeroy **Position:** Trustee of The Everest Trust **Date:** 20[th] December 2023 The Everest Trust, registered Charity number 242242, Trustees Annual report THE EVEREST TRUST 2022123 k 242242 WE. JLLIET WALKEA. LA￿ POMEROY. C+LOE vicfoAIA VOLZ AND f>AVID JOHN AlA￿w WALO d• the TnM*¢¢s. Accowrts f•r the y¢op 05 Awtl 2023. CVWVol2. Dovid Jokn Mathw Wdk¢r....... I report gn the ACCO￿1$ of the Trust for the ye To follow the procedwes laid do*m in th¢ general Directi¢)ns 9iven by the Charity C¢7mMission wYl¢r section 145 (5) (b) of the 2011 Act tvkl To state ¥thether particular motters hove come to ny attentim. iso Our exominotion was Carried out in accordance with the 9¢n¢ral directions 9iven by the Charity Commissioner. An examination inchA¢s a review of the accowtry records kept by the charity and a comwis(m of the accowts yesented with those re¢¢)rds. It also includes consideration of usual items or dis¢losur¢s in the accowrts MKI seekin9 exphN*irns from you as trustees concerning I￿￿ matters. The proced￿￿ ￿￿ertOkffi do not wovide oll the evidence that would be r¢quired in an audit To keep records in accordonce with section 130 of the 2011 Act ond > To prepare dC¢Othts which accord with the acco￿11ry records and comply with the accountin9 r¢quiremffit$ ¢f the 2011 Act have been met or 2) To which in opinion. attentity) should be dra¥m in order to enabl¢ a proper dersiondin9 of the acco￿t$ to be reached. Devi GuTr2wordeno For and on behalf of Accmasters Limited 23, Broomfield Sunbury-On- Thames TW16 6SN Oote.. 21.11.2023 REGISTRATION NUM8ER 242242 Trus For th¢ year ended 5 Wll 2023 LAW The Wldir4. 51.52 Fr5tk 5t, WID 45H Po9t6-7 BALA￿ SbEET AS Af5 APRIL 2023 P+29¢ 9- 11 Ptyt 12 ACC 3Cth) IP hlorgm 6L EM Ord Ip 7CMX) L¢w Debentur¢ Ord Sp 2AOO 1.320 2.29) 3CQ 2.109 1.575 1.881 49) 259 812 1.618 911 1.871 265 4LK(¥) hliddlef ield Cdn Ih Prf 1325 AIT Cap F￿t￿r$ Ord £1 32￿ Seryo Ord $0.50c Unilever PIC Ord £0.031111 2(KQ Shell PLC 23000 Vodofont 1000 Wlwidt Health 25p 23I38 4700 gailh'e 6ifford 6790 F￿d Smith Eq l AC 13(XJO JPM us Equity 15500 IFSL h4rtorfj￿h Fts A16R 36 1.276 2.149 32LTr) Swgo Ord lop Ba￿( interest 711M) Tr¢w 4.125% IndL¥ Lithd 17500 HIa INFRASTA4KfLRE 25(M)) HS8C Holdin9S 17 341 1.438 1943 OIIERSEAS STOCK DIVID 252 Woodside Ew9y 4.838 Corried forwtyd 34,n9 8r•￿jht f￿r*￿rd 34.719 17368 31 Znfrostrurru￿ 3¢Xth 6CPA&IOryWV 26(X)J Int publ1¢ wtner PLC 3400 Princess Ptivate Ord (O.LKtl 37(MJO NB 61obd monthly ked 14CKI His¢ox Ord 6.5p Di9ltd 9 1nlr4stru¢ 14G(1 6roup 12750 S¢hr•d¢r Ori¢ntsl 6u¢r 1.876 2.530 2.070 1,094 3.121 401 3.162 1.466 18.120 3472 Potr * (Aobd 280 Ashmore Sic4¥ 8M Total r¢twn 1,318 67 1.385 225 vul¥￿ 6bl Vol FD Tot•1 In¢om• 242 at 6 April 2022 135,223 189.689 HONEWOT (%ILf*EN'S aiARIr WOMENS TrVSTS 60 8EYOW FOllhlERLY LYICKS) ThE BLIND VETERANS UK CAkEkS TrUST ZANE CHAAI7Y AME A6KES ¥*EsrchN THE ROYAL STAR AND $ARTER HOMES yo￿ MNOS THE tsAVlts K4)rrF0uNf)A￿c TrV55ELL TRUST OORSEfa SOMERSET AIR AM8VL ts1SASTER EMER6E￿V COPAMrrrEE THE ROYAL &RmSH LE61( TrIE DANIEL SPAASO FOiNtsAf£<)N FARMS FOR CIry CHILDREN 1,250 2.625 1.250 IA75 (36.tsJ)I (38,0001 153.689 Per Capitd Accwrt 786.920 Per IncTh Acco￿1 153,689 Crethtors.. Atc•Jntwy Fe¢s P￿￿[C NML Feu payobJ¢ 4,412 278 945,593 ¢wuented by. 897>48 Monles held ty Cq>itul 20.520 26 Jtj) I￿rd by La¥ LLP 1,425 945.593 at 6 2022 31trwP ¢>d 73.8636p p 6.S63 6J63 49.93S I7JO8 283 17,368 28J46 54.709 Ord AsP*vwt SICAV EN TOT JJh7rJ 44.918 46.873 8Mlt4¢h (nwlh Ord 2* iiJ40 ij.t4) tzhzo 8W6ry¢TrdSO ISXI 15357 33.715 54.441 41M78 66.ILK) PPéOrd 25p 28 17.17Q 41397 27,120 E￿fIn6+1 VFiliti¢i &Tnf Trptc 36 E¢•flrtV VSOJ)i 25M13 21A)5 Fwwjsmiths LLPEgwty Instl A¢¢¢ NAY 25J76 31.484 41y6 601kn Sachs AMFM 61al￿r Efiery ts¢bt 61rt¥tsknthKfthtFiCOYd 25pstrwu 23.795 6013 His¢tyx Lld tX£O.065 12J24 12J24 15h52 ICL lnfrwtr￿*1w¢QYd 17,X 29,496 27,230 301.296 gx.I Hdd a 4t S WII 2023 Br¥hr Fwwttd J73.7¥0 368.296 XQ.IY8 HSBC HOLDING8 PLC 5.75% SU8 2￿12127 GBP1¢MI 24969 20PY) 223CtI Int yblie L 0.olp )Jh2) 28.166 4l.798 37Jn 173 37.371 17390 55.348 US Ewty JP MgryllTr60L em fn¢ Jp 32 40*65 55.t40 Oré £Om Lwjl d fKn•ral IOMI 23J17 23J17 28J38 O.2Sp fD M6ft i*cthne 4S296 31.￿ 45.296 39,262 ddltf1oldc￿￿knrThc Pk cd Pdrt Prtf Sh •)J48 27.1 29J65 SI￿￿ Ord 37m) 40255 34.473 29.185 P¢pJ* Pk 6tobd Ewv¢rtibl¢ 3.472 3.472 P¢pthur 74ch Tvtsi 6bpO.25 17235 17235 29JlO 338 30338 27.770 RfTCWd Partws Pl£ £1 shdrts 15.789 33*70 41m2 Acyol Dutth SWI PL¢ 'B" euroOn7 s*w 22P31 36h27 Stgr• Fic Or4 lop 13 32ts) 13 24.205 S¢hr4d¢r tnt￿4 Ckd Ip 24218 ]2.7*) 24218 32*40 e42.ln J. 1.019.124 d u •* J 2023 W.17J 1,049,124 Trw 4 U8% irth.Ilnknd ¥i•¢k 2030 Z4J37 lJvAlt¥vPI Or4 ￿.31111 ¥Jmi $50 25XfjI 23J87 Vothf•ne Onl 23I 29.741 ZO.574 VL4w 6bl Vrd F¢* eqty£ dil 19JYX 30J14 W4A4*id¢ Ht4hh¢w¢ TTr4stPk Ord 0.25p 20J44 20J44 3tA( W•)dsld¢ 9X•.g10 1.154.799 Pryii INtsEPENt)ENT EXAMINER'S REPORT TO THE TrUSTEES OF THE EVEREST TRUST I report on the Accounts of the Trust f or the year ended 5 April 2023, which ore set out on pa9e$ 2 to 11. Res ective res onsibilities o trustees and examiner The charitys trustees are responsible f or the preparation of the accounts. The charity's trustees consider that on oudit is not required f or thig year under section 144 (21 of the Charities Act 2011 (the 2011 Act) and that independent examination is needed. It is our responsibility to.. > Examine the accounts under section 145 of the 2011 Act > To follow the procedures laid down in the 9ener¢l Directions given by the Charity Commission under section 145 (5} (b) of the 2011 Act and To state whether particular matters have come to my attention. Basis of inde endent examiner's re ort Our exomination wos carried out in occordance with the 9eneral directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts ond seekin9 explanations from you as trustees concerning any such motters. The procedures undertaken do not provide oll the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Inde endent examiner's statement In connection with our examination, no matter has come to our attention: l) Which 9ives us reasonable cause to believe that in any material respect the requirements: To keep records in accordance with section 130 of the 2011 Att and To prepare accounts which accord with the accountin9 records ond comply with the accountin9 requirements of the 2011 Act hove been met or 2) To which in our opinion, attention should be drawn in order to enable a proper understandin9 of the accounts to be reoched. Devi Gunawardeno For and on behalf of Accmasters Limited 23, Broomfield Sunbury-On- Thames TW16 6SN Dote.. 21.11.2023