The Epigoni Trust
Trustees, Annual Report
and
Financial Statements
For the year ended 31 December 2024
Charity Registration No. 328700

The Eplgonl TTUSt
Trustees. report for the year ended 31 December 2024
Adminislralive Details
Trustees
CH Peacock
Mrs B Bond
AM Bond
Address
PO Box 79878
London
SW19 9RQ
Registered Number
328700
8anker5
CAF Bank Lld
Kings Hill
West Malling
Kent ME19 4TA
Investment Adviser5
Cazenove Capital
1 London Wall Place
London EC2Y SAU
Independent Examiner
Marcus Cridland BA (Hons) FCA
Scoll Vevers Ltd
Chartered Accountants and Registered Auditors
65 East Street
Bridport
Dorset DT6 3LB

The Epigonl T￿st
Trustees. report forthe year ended 31 December 2024
The trustees present their annual report and financial statemenls of the chartty for the year ended 31
December 2024. The financial statements have been prepared in accordance wrth the accounting policies set
out in note 2 to the accounts and compty with the charity's trust deed and Ihe Charities Act 2011 The Iru51ees
have adopted the provisions ofthe Slatement of Recommended Practice ISORP) "Accounting and Reporting
by Charities" IFRS 1021 in preparing the annu81 report and financial statements of the charity.
The Epigoni Trusl is a registered charity established by trust deed on 28 September 1989. Its objects are to
apply the income of the trust towards charitable purposes. This is athieved by making grants to other charrties
and voluntary bodies.
The trustees who served during the year are listed on page 1. Trustees are elected and removed by ihe
serving board of trustees.
The charity acknowledges its requirement to demonstrate dearly Ihal il must have charitable purposes or
'aims' that are for the public benefiL The Iruslees confirm that they have paid due regard to the Char
Commission guidance on public benefrt before deciding what acttvities the charity should Undertake.
Summary of maln activities and achlevements In the year
Investmenl income during the year from investments and deposits lotalled £70.89312023: £73,9281-
Grants made fromthe Income Fund amounted to £58.500 {2023'. £39.500).' a summary oflhe individual grants
lo charities is gwen in note 3 of the accounts. Administration costs and fees were £442 {2023'. £4341. As a
resutt of the income exceeding the grants made, there was a net surplus for the year of £11,951 12023..
£33,994).
The Expendable Endowment Fund amounted to £4,784,740 on 31 December 2024. an increase of£465,205
on the opening balance of £4.319,535. The total retum forlhe year was +6.8O/y12023 total retum +12.3'101, as
financial markets continued to recover from the weakness in 2022.
The trust has a total retum approach to investment with a view to achieving a more consistent level of grants.
while maintaining the real value of the endowment over the medium temi. Other funds of the trust are held on
deposf( and spread between deposit takers to minimise counterparty risk.
Reserves pollcy
The trustee5 have considered the level of reserves they wish to relain, appropriate to the charity's needs. This
55 based on the charity's srze and the level of financial commrtments held. The trustees aim lo ensure the
charty will be able to continue to fulfil its charitable objectives, even if there is a temporary shortfall in income
or unexpected expenditure. The trustee5 will ende8vour not to set aside funds unnecessarily and consider
the current level of reserves adequate.
Guidance on gfdnt appllcations and oudookfordlstrfbutlons
The trustees would note that appllcatlon for a grant is by invltatlon onty. In the interest of charities.
resources, we discourage unsolicited applications as these are not considered and, due to this trust's own
resources, their receipt are not ackn0￿edged.
Charities invited to appty for 5UPPOrt may be required lo submit a report on their activtties and financial
infomiation in a p￿sCribed fomi to facilitate Ihe trustees. review.
The trustees do not anticipate receiving further endowment capital into the tTusI and consequentty the amount
available for distribution is wholly dependent on inveslment performance over time. Having regard for the
reserves policy above, the trustees will decide on the overa51 level of annual grants in the light of investment
relums and the outlook. Wrth the positive investment perfomiance in 2024, the value of the endowment has
finally passed ils previous high, reached at the end of 2020. and was at a level required to meet the goal of
keeping pace with infiation over lime. Accordingly. and subject to the development of financial markets, this
should allow an increase in the level of overall distribution in future years.
Major risks
The trustees have a policy of formally reviewng the risks to which the charty is exposed at least annualty.
The main risk identrfied is that the charity's investment performance will fall below the level required lo make
the level of grants the Injslees would wish. This risk is mitigated by the application of the investment policy.

The Ep¥goni TNst
Tru8tses' report for the yoar endod 31 December 2024
Tru$tè¢8' re$pon8lbllltles
The trLtsloes afe fequired under Charity law to p￿pare financial stalemenl3 for each fin8ncial year whic
give a true antl fair view of the state of affairs ot the charity and of the financial activities of the chanty for
Ihal period. In preparing those financial slalemersls, the Iruslees are requirod lo=
Select suitable accounting pol*cies and apply them ￿nsIStenI1y.
ObseNe the methods and principles in the Chariltes SORP,
Make judgements and estimales that are reasonable and prudent-,
stale whether opplicable accounting slandards have been followed. subject to any material
departures disclosed and exp18ined in the financial statements; and
Prepare finaricial statements the goiEig conceyn basis unl85$ it is inappropriate to presume Ihal
the trust will conlir)ue in ex¢Sten￿.
The Irustees are responsible for keeping proper accoLintsng rewds. which disclose with reasonablè
accur&cy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with applicable laws and regulations. They are also responsible lor ensuring th81 the
charity maintains an adequate system of internal control designed to provide reasonable assurance that
assets are safeguarded against loss or un3Uthorised use and lo prevent and det&t traud and other
irregularitie$.
Signed on behalf of the trustees
CH Peaco¢k
Dale .
.2025

Independent Examiner's Report to the Trnstees of The Epigoni Trnst
I report to the charity trustees on my ex8minalion of the accounts of Ihe chartty for the year ended
31 December 2024 which are set out on pages 5 10 9.
Responsibilities and bas15 of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 {'the Act'}.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
Accounting records were not kept in respect of Ihe Trust as required by seclion 130 of the Act.,
or
The accounts do not accord with those records., or
The accounts do nol comply with the applicable requirernents conceming the form and content
of accounts set out in the Chartlies (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'tnJe and fair view which is not a maller considered as
part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report In order to enable a proper underslanding of the
accounts to be reached.
Signed.. -
Marcus Cridland BA {Hons) FCA
Scott Vevers Ltd
Chartered Accountants and Registered Auditors
65 Easl Street
Bridport
Dorset DT6 3LB
Date..
6L(C> (Lf

The Epigoni Trust
Statement of Financlal Activities (InCO￿oratIng an Income and Expendlture Account) for the year
ended 31 December 2024
Income
Expendable
Fund Endowment
Iunreslrictedl Iunrestrtiedl
Totsl
2024
Total
2023
Income and expenditure
Note
Incoming resour¢es
Investinent income..
Dividends
Interest income
68,910
68,910
72,580
Total incoming resources
928
Resources expended
Direct charitable expenditure..
- Grants to charities
other expenditure..
Bank fees and administration costs
58,500
58,50Q
39.500
442
442
434
Totsl resources expended
Net incominglloutgolng) resources for
the year
11.951
11,951
33,994
Other recognlsed galns and losses
Gainsl(losses) on investment asset5'.
Realised
Unrealised
Transfer from Expendable Endovjment
to Income Fund
465,205
465.205
206,633
Net movement In Funds
11.951
465,205
477,156
240,627
Funds balan￿5 brought forward on 1
January
4319535 4
IL29 4 112 902
Funds balances caThied for4vard on 31
December
4 784 740 £￿30 685 4 353 529
All amounts derived from conlinuing activities.
All gains and losses recognised in the period are included in the statement of financial aclivilies.
The notes on pages 7 to 9 fomi part ofthese accounts

The Eptgonl Twst
Bala*¢• $he0t a8 at 31 Dgcembor 2024
2024
2023
Atssets
Fix¢d assets
Investments (Note 51
4,740.568
4,275.363
Current assets
Debtots {Nole 61
Cash and $hort-temi deFXkSit$
9,195
8,777
69 761
90,49S
Totsl assets
4,831.063
4,353,901
Creditots.. Amounts due within one year (Note 7)
Total net assets
Repr￿ent￿ by:
Expendable En¢lowment
4,784,740
4.319.535
Income Fund
33
Total funds
L Ot_'rL.8&L 2025.
The financial ststements weE approved by the trustees on ........... .
The notes on pag&s 7 to 9 fm part of these accounts.

The Epigoni Trust
Notes to the accounts forthe year ended 31 December 2024
General information
The Epigoni Trust is a registered charty in England established by trust deed on 28 September 1989.
The address of the registered office is provided in Administrative Details on page 1. Details of the
charity's operations are provided in the Trustees Report.
Accounts'ng policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainly in
the preparation of the financial statements are as follows..
{al Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are
prepared on a going concern basis under the historical cost convention and in accordance with
Accounting and Reporting by Charities.. Statement of Recommende(f Practice applicable lo charities
preparing their accounts in accordance wf(h Financial Reporting Slandard applicable in the UK and
Republic of Ireland IFRS 1021 (Charrties SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The accounts
include the resutts of the charivs operations which are described in the Tru51ees' Report, all of which
are continuing.
Ib) Accounting convention
The financial statements have been prepared on a going cx)ncem basis as the trustees believe that
no material uncertainties exisl. The trustees have considered the level of funds held and the expected
level of income and expendrture for 12 months from aulhorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charty to be able to
continue as a going concern.
Icl Investment income is recognised when ￿ceivable.
{dl Expenses are recognised where it is more likely than not that there Ss a legal or constructive obligation
committing the charity to the expenditure and the amount of the obligation can be measured with
reasonable certainly. All expenditure is accounted for on an accruals basis and has been dassffied
under headings that aggregate all costs related to the category.
le) Unrestricted fvnds are those that are not subject to any special restrictions and they can be used as
the Trustees deade.
(n Investments are a form of basic financial instrument and are initialty recognised at their transaction
value and subsequently measured at their fair value as al the balance sheet date using the closing
quoted mathel price. The statement of financial activities includes the nel gains and losses arising on
revaluation and disposa15 throughout the year.
Ig) Debtors and credrtors receivable I payable within one year
Debtors and credrtors wf(h no Stated interest rate and receivable or payable wf(hin one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Financial inst￿mentS
Classitication
Financial assets and financial liabilits'es are recognised when the charity becomes a party lo the
contractual provisions of the irjstrument.
Financ4al liabilrties and equity inslruments are class(fied according to the substance of Ihe contractual
arrangement entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of Tts liabilities.
Recognition and meastjrement
All financial assets and liabilities are initially measured at transaction price (including transaction
costs). except for those financial assets dassffied as al fair value through profrt or105s, which are
initialty measured at fair value (which is normalty the transaction price excluding transaction costs),
unless the arrangemenl constitute5 a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liabiliiy is measured al the present value of the future
paymenls discounted at a market rate of interest for similar debt inslrumenls.
Financial assets and liabilities are onty offset in the slalemenl of financial position when, and only
when there exists a legalty enforceable right lo set off the recognised amount5 and the charty intends
either lo settle on a nel basis, or to realise the asset and settle the liability simultaneousty.

The Epigoni Trust
Notes to the accounts for the year ended 31 December 2024
(h) Financial instrument5 Icontinuedl
Finanaal assets are derecognised when and only when a) the contractual rights to the cash flows
from the finanaal asset expire or are settled, bl Ihe charity transfers to another paty substantially all
of the risks and rewards of ownership of the finanryal asset, or cl the charity. despf(e having retained
some. but nol all, significant risks and ￿WardS of ownership, has transferred control of the asset to
another party-
Financial liabilitie5 are derecognised only ￿en the obligation specified in the contract is discharged.
cancelled or expires.
Grants to charities
2024
Chichester Festival Thealre {LEAPI
Pallanl Hovse Gallery
Slonepillow
Sussex Snowdrop Trust
Switchback
Tuppenny Bam
9,000
17.500
5,000
7,000
10,000
Total
Administration costs
The administration costs incurred in 2024 represent independent examination fees of £378 {2023'. £372)
and bank charges. The Trustees receive no remuneration or expenses.
Investments comprlse holdings in collective funds.
Market value on 1 January 2024
Net additionsl{disposalsl
Unrealised gainllloss} on revaluation
Market value on 31 December 2024
4,275,363
465 205
4 740 568
Cost at 31 December 2024
The share portfolio was valued by Yealand Fund Services based on the market price 3131 December
2024.
Debtors
2024
2023
Accrued income
777
Creditors.. Amounts due wthin one year
2024
2023
Accruals
37
372

The Eplgonl Trust
Notes to the accounts forthe year ended 31 December 2024
Net assets by fund
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Fixed assets
Current assets
Creditors.. Amounts due
within one year
4,740,568
90,495
4.740.568
90,495
4.275,363
78,538
378
378
372
Net assets
4 830 685
4 830 685
4 353 529
Financial instruments
Categorisation of financial Instruments
2024
2023
Financial assets measured at fair value Ihrough
net income l expenditure
4,740,568
4,275,363
Financial assets that are debt inslrument
measured at amortised cost
90,495
78,538
Financial liabilities meaSU￿d at amortised cost
378
372
The income. expenses, net gains and net losses attributable the charity's financial Instruments are
summarised as follows..
Income and expense
Finanaal assets measured at fair value through net income l expendf(ure
Financial assets. that are debt instnjments, measured at amortised cost
68,910
1,983
72,580
1.348
Net gains I Ilossesl
Financial assets measured at fair value ihrough net income l expenditure 465,205
206,633
10. Related party transadions
There were no related party transactions during ihe year. No remuneration or expenses were paid to
trustees during the year12023'. £nill.