Clubs & Societies
5% of the Fund’s assets annually to The Master’s Fund for disbursement to current pupils in connection with one-off co-curricular activities. Trustees The Fund is administered by six Trustees, who in 2013 were: Trevor Llewelyn (72-79; Geography master; Chairman), Marcus Graham (90-98; Hon Secretary), Nick Rundle (69-76; Hon Treasurer), Will Keat (93- 00), Peter Petyt (75-81) and John Walters (54-62). The Master is invited to attend Trustee meetings. Having served for the maximum seven consecutive years allowed by the trust deed, Will Keat stepped down as Trustee in December 2013. The remaining Trustees would like to repeat their warm thanks for Will’s good humour and dedication during his trusteeship. John Walters also has the remaining Trustees’ warm thanks: he stepped down in December 2013 having kindly brought his experience and level-headedness to the Fund for a further year. The Trustees will maintain a full complement in 2014 through the welcome arrival of Tom Woudhuysen (97-04), Common Room representative, and the
welcome return of Ivor Warburton (57-65), who returns as Chairman. David Johns (52-60) was independent examiner of the OAEF’s accounts, for which the Trustees are immensely grateful. Activity in 2013 The Trustees are pleased to report an especially busy 2013, during which there were 15 Old Alleynian beneficiaries (2012: 9) who had been advanced funds by the OAEF, one of whom had completed repayments in full during the year. Loans totalling £18,200 (2012: £5,700) were advanced to six young men (2012: 3) during the year, and grants were made of £5,000 (2012: £5,000). One further loan had been offered but was yet to be drawn. In addition, a number of pupils at the College received cash contributions towards the cost of educational trips from money provided by the Endowment Fund to the Master’s Fund. Donations During the year the Fund received a generous donation from the Alleyn Club. The Trustees are naturally very grateful for this donation and extend their very sincere thanks. The Fund also received Gift Aid of £1,375 in relation to donations made in 2012.
Accounts The main features of the accounts for the last three years are shown below.
Years ending 31 December 2013 (£)
2011 Independently Examined
2012 Independently Examined
2013 Draft
Investment income
5,036 6,125
4,785 4,040 9,500
4,663 5,625 2,375
Loans repaid
26,000
Bequests and donations
Total income
37,161
18,325
12,663
Loans made
10,150
5,700 5,000
18,200
Grants made
6,420
5,000
278
167
99
Administration costs
16,848 20,313 (5,754)
10,867
23,299
Total outgoings
Net income/(outgoings)
7,458
(10,636)
Change in value of investments
6,226
14,296
Funds at start of year Funds at end of year
89,770
104,329
118,013
104,329
118,013
121,673
Outstanding loans to beneficiaries (see text) 23,125
24,885
37,360
NB: Outstanding loans are not included as an asset in a formal balance sheet, but are referred to in a note to the accounts. The Fund has not suffered any bad debts for many years.
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