The Everest Trust
Registered Charity 242242
Trustees Annual Report for the year ending 5th April 2024.
Charity Name:
The Everest Trust
Registered Charity Number:
242242
Charity’s Principal Address:
THE EVEREST TRUST NEW MEDIA LAW LLP
The Tapestry Building 51/52 Frith Street London W1D 4SH
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 2024; on 24[th] April 2023, and 4[th] December 2023. During the year, donations were made to: Combat Stress, 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 SpargoMabbs, The Womens’ Trust, The Swan Fund, The David Nott Foundation, Blind Veterans UK, The Royal Star and Garter, and CRISIS.
Public Benefit:
During the year ending 5[th] April 2025 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.
Signed on behalf of the charity’s trustees:
The Everest Trust, registered Charity number 242242, Trustees Annual report
Signature:
Full name: Laura Pomeroy
Position: Trustee of The Everest Trust
Date: 19[th] November 2024
The Everest Trust, registered Charity number 242242, Trustees Annual report
THE EVEREST TRUST 2023124
THE EVEREST TRUST RE615TrATION NUMBER 242242 WE. JULIET WALKER, LAURA POMEROY. CHL vIcfoRIA WYNN VOLZ ANt• tsAVID JOHN AIATHEW WALKER do hepby apyove th¢ Trustees. Aceounts for the yur ended 05 April 2024. Mrs J C Walker... L Pomeroy CVWVa12 Dawd John Math¢w Walker.....
INDEgENDEbrr EXAMINER'S REpofiT TO THE TRUSTEES OF THE EVERESf TrUST r report on the Accounts of the Trijst for the year ended 5 April 2a24, which are set out on PQges 2 ta 11. Res ective res oiisibi lities o t,-ustees and examiner The charity's trLStees ore responsible for the preparation of the a¢counts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the CFiarities Act 2011 (the 2011 Act) and thot an independent examination is needed. It is our responsibility to:
Examine the occounts under section 145 of the 2011 Act lo follow the procedures laid down in the general Directions 9iven by the Charity Commission under section 14.E (5) (b) of the 2011 Act ond To state whether particular matters have come to my attention. Basis o endent ¢xamirer's re ort Our examination was carried out in occordonce with the general directions 9iven by the Charity Commissioner. An examination includes a review of the accounting records kept by the ¢hority and a comparison of the a¢¢ounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and Seekirg explamtions from you as trustees concerning any Such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and Consequently no opinion is 9iven as to whether the accounts pi'esent a "true and fair vie, and the report is limited to those motters Set otst in he Statement below. endent exa iner's stote ent In cpnnection with our examination. no matter has come to our attention; l) Which 9ives us reasonable ¢oust to believe thot in any moterial respect the requirements.. To keep records in accordance with section 130 of the 2011 Act and To prepare occounts whith accord with the accountin9 records and comply with the accountin9 requirements of the 2011 Act have been met or 2) To which in our opinion, Gttention should be drawn in order to enable a proper understandipyj of the ottounts to be reached. E)evi Gijnawardeno For and on behalf of Accmasters Limited 23. Broomfield SunEJury-On- Thames TW16 6SN 29.09.24
THE EVEREST TRUST RE61STRAfioN NUMBER 242242 TRUSTEES, AccoUr5 For the year ended 5 April 2024 NEW MEDIA LAW LLP Th¢ Tap¢stry lId1*YJ. 51-52 Frith St, London. WID 4SH P(¥3
THE EVEREST TrVST TWSTEES, ACCOLINTS TENT Pa9e 5 APITAL ACCOUNT Page6-7 ICOME ACCOUNT Pa9¢ 6 BALANCE SHEET AS AT 5 APRIL 2024 Page9-11 INVESTMENT ACCOUNT Page 12 ACCOVNTANT, S REPORT NEW MEDIA LA W LLP The Tapestry Buildin9. 51-52 Frith St, London. wir) 45 Page 4
THE REST TRUST APITAL ACCWNT 8aléncÈ os at 5 April 2023,. 786.920 Profit/(Los$) on the rEolisation of ossets (28,547) Investment holdirg adjusrment 2.803 (25,744) 761,176 Har9reove Hale Mtsnagement fee [13,0941 NML Administratton fe¢s (7.000) A¢¢oun*¢ints Fee (900) Mrs L Pomeray Expenses (74) Mrs Juliel Wolker Exp¢nses {233) 739.876
I&ST TRUST INCO AC UNT FOR THE Y AR APRI 2023 UK COMPANIES tyIVItsEND 17500 HICL INFRASTRUCTVRE 3000 316rou'p ord 73.86p 20000 Harmony ehergy 65000 Blackrock ener9y 2000 Close 8rothers Ord 30000 E¢¢fin 68L UTd IN Ip 34CKIO Ec¢fin US Rehewable 2Cx)0 6hxoSmbthKline ord 25p 35QO Aberforth SMLR 7000 Law Debenture Owd 5p 7500 Monchtster a LondorÈ 40CIJO Middlefield Can In Prf 1325 RIT Cop portners Ord £1 3200 Segro Ord $0.50c 550 Uni lever Pl¢ Ord £0.031III 2000 Shell PLC 23000 Vodofone 2000 Hal¢on PLC 34000 Cordiant di9ltal 1050 T¢letom Plus IOOQ W/wide Health 25p 429.53 1.361 1.200 2.213 1.350 2,370 950 892 1.314 2,214 1.050 1.411 836 582 816 I,279 1,773 680 861 310 23,975 UK AUTHORtsED Ur TrUSTS tyrIIiN 4700 80illie 6ifford 37371 JPM US Equity 15500 IFSL Marlborwgh FD MGk 1.114 1.386 1,261 3.761 PIiopEfiTY INCOME DISTkIBUSION 3200 Ser90 Ord lop UK GOVERNMENT AND COIIPORATE IY4TEgEST Bank interest 7100 Treosury 4.1257. Index Linked with accru¢d int 17500 HICL INFRASTRUCnJRE 534 65 3,152 3,621 OVERSEAS STOCK blVlDEND Carried forword 31,358 Page 6
ThE EVEREST TRUST Djco ACCOUNT Fok TH AA ENDED 5 APPIL 2023 cont¢nued Brought forward 31.358 OVERSEAS COMPANIES r)IVZ)ENfJs 17368 31 InfraslfUCtUfe 30000 GCP A B l Org NPV 26¢JOO Int public partner PLC 3400 Princess Ptivate Ord £O.001 37000 NB Global monthsy Red Ord-6uensey 1400 HISCOX Ord 6.5p .30000 t2i9ltal 9 1nfrasttw¢ture 14W BHP Group 12750 Sthroder Oriexlul Guernsey 1,020 1,897 2.234 2.118 1,434 421 600 1.685 1,505 12,905 OVEASEAS UNIT TAUST ¢% OEIC INTEftesT 3472 Polor Cap 61obol 17368 311nfrastnt¢ture ord 1,143 981 2,124 OVERSEAS UNIT TRUST & OEIC blVIbENI) 225 Vulv(y) 6bl Vol F Totsl income 426 46,812 Balan¢e ay ot 6 April 2023 153,689 2(Xl.501 L£ss P4ym¢nts mad¢ FELfx FUND AVID N07T FOUNDA TION WOMENS TRUSTS YOUN6 MINDS TfiusT THE BLfNt* VETERANS UK CkISIS UK COM8AT STrE5S DAME AGNES WESTON THÉ ROYAL STAR AND GARIER HOMES INJURED KOCKg1' S FUND ZANE CHARIIV tsANLEL SPARGO FOUNDA TEO TkUSSEiL TRUST DORSET & SOMERSET AIR AMBULANCE Go 8EYONtJ CHAkrry SHRÈW TELFORD HOSPITAL THE HONEYPOT CHARITY FAkMS FOR CITY CHILDREN (900) {2.500) {3,0) (3.0(Ki) (2,000) (2,000) (i.¢JOO) (2.000) (3.000) (900) (2.000) (3,000) (5.OCKI) (4,750) (2,000) (2.OW) 1500) (95Q) (40.500) (40.500> 160.cfil Po9e 7
TH T TRUST BALANCE SHE ASAT APRIL 2024 Per Copital Account 739,876 Per Income Account 160.001 Creditors., Accountoncy Fees payable ::.:: NML Fees poyable Accru¢d Income 900 4,308 213 904,872 epresented by.. Invtsiment Securities li 873,565 Moni¢s held by Marts>rbrid9e Capital 17,033 Monies held by Manorbridge Income 11,608 ' Fund5 held by Newmedio Low LUP 2.665 904.872 Pa9e 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EVEREST TRUST I report on the Accounts of the Trust for the year ended 5 April 2024, which are set out on pages 2 to 11. Res ective res onsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an 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 general 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 examination was carried out in accordance with the general 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 and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all 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 gives us reasonable cause to believe that in any material respect the requirements: To keep records in accordonce with section 130 of the 2011 Act and To prepare accounts which accord with the accounting records and comply with the accountin9 requirements of the 2011 Act have been met or 2) To which in our opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Devi Gunawardena For and on behalf of AccM3Sters Limited 23, Broomfield Sunbury-On- Thames TW16 6SN 29.09.24