THE OLIVE TREE TRUST
UNAUDITED RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED Sth APRIL 2024
Charity no: 1026345
Wenn Townsend
Chartered Accountants
Oxford

THEOLIVE TREE TRUST
Contents
Page
Legal and Administrative Information
Report of the Trustees
Receipts and payments accounts
Statement of assets and liabilities
Notes to the Financial Statements
Reconciliation of Investments
Schedule of Investments
Independent Examiner's Report

THE OLIVE TREE TRUST
Legal and administrative information
Trustees
Caroline Ruth Charity
Nicola Lovelock
Tim Pipkin
Paul Medley
Foundation
Offices
84 Fairacres Road
Oxford
OX41TG
Independent
Examiner
Mr B Hayes Bsc FCA
Wenn Townsend
Chartered Accountants
30 St Giles
Oxford
OX13LE
Bankers
The Co-operative Bank plc
PO Box 250
WN8 6VI

THE OLIVE TREE TRUST
Trustees, Annual Report
for the year ended 5th April 2024
Structure, Governance and management
The trustees named on page 1 have served throughout the year. Appointment o* the trustees is
governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill
vacancies arising through resignation or death of an existing trustee.
In considering the direction and activities of the Foundation. The trustees have had due regard to the Charity
Commission's guidance on public benefit.
The trustees present their report along with the financial statements of the Foundation for the year ended
5th April 2024. The financial statements have been prepared in accordance with the accounting policies set
out on page 6 and comply with the charity's trust deed and applicable law.
History, Objectives and Activities
The charitable trust was established on 25th August 1993.
The Foundation is constituted by Trust Deed, and its objects are to apply the income and capital of the trust
for such Charitable purposes as the trustees in their absolute discretion determine.
Achievements and Performance
The Olive Tree Trust aims to provide long-term support to a small number of charities. We are therefore
able to get to know these charities well, visit their premises and gain a deeper understanding of their
work.
In 202312024 we continued to support three charities that offer help to those who are homeless or on low
incomes, providing much needed advice on housing, employment and benefits as well as practical support in
these areas. We continued support for Key Steps lin Weston-super-mare) and The Upper Room lin London)
and The Porch (in Oxford).
We were pleased to be able to donate to The Upper Room again through The Big Give who matched our initial
donation of £9k. We then provided an additional donation of £6k and agreed to extend £9k annual funding for
a further 2 years. We donated £15k each to Key Steps and The Porch and made similar commitmentto continue
funding of £9k for the coming two years on receipt of a positive report to provide the charities with security of
funding in future.
Financial Review (including reserves policy)
The focus of expenditure from the Trust is support to charities. Costs for the running of the Trust are kept to a
minimum to ensure that as much funding as possible can be devoted to charitable causes, and as a result the
charity does not need to hold significant free reserves. Cash funds at the year end were c£18,000, which is in
line with the targeted objective.
Public Benefit
The trustees have complied with the duty in section 4 of the 2006 Charities Act to have due regard to guidance
published by the Charity Commission. including public benefit guidance.
Approval
This report was approved by the trustees on 18th January.2025 and signed on their behalf by=
C R Charity- Trustee

THE OLIVE TREE TRUST
Receipts and Payments Accounts
for the year ended 5th April 2024
2024
2023
Receipts:
Income from investments
31,052
28,089
Payments:
Investment management fees
Accountancy l examination fees
Professional fees
Grants awarded
(4,250)
(2,3401
{80)
(45,000)
(6,068)
{2,160)
(400)
(45,000)
Total payments:
(51,670)
(53,628)
Net of receiptslpayments
(20,618)
(25,539)
Other:
Realised gains on investments
Cost correction
65,925
15,291
(1,238)
Net movement in funds
45.307
11,486
Reconciliation of funds:
Funds brought
forward
686,243
697,729
Funds carried foNard
731.550
686,243
Statement of assets and liablllties
2024
2023
Investment funds at cost
Cash funds
Accountant fees outstanding
717,586
18,464
(4,500)
667,965
20,438
(2,160)
Total
731.550
686,243
The market value of the investment funds held at period end was £847.904 (2023'.- £847,827)
The financial statements were approved and authorized for issue by the Board on
January 2025.
Signed on behalf of the board of trustees by:
C R Charity - Trustee

THE OLIVE TREE TRUST
Notes to the financial statements
for the year ended 5th April 2024
ACCOUNTING POLICIES
Basis of preparation of accounts
The financial statements have been prepared under the historical cost convention using. The accounts are in
accordance with applicable accounting standards, the Charities SORP ( FRS 1021 (Accounting and Reporting
by Charities} and comply with the Charities (Accounts and reports) Regulations 2008 issued under the charities
Act 2011. The charity has taken advantage of its ability to prepare accounts on a receipts and payments basis,
as it meets the threshold for this approach.
Income
The income of the Trust comprises the income arising from the investment portfolio and is accounted for as
received.
Value Added Tax
Value added tax is not recoverable by the Trust, and as such is included in the relevant costs in the Statement
of Financial Activities.
Taxation
The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they
are applied for charitable purposes.
Fixed Asset Investments
Investments are included at cost. Any realised gains and losses on investments are recognised upon
crystallisation and are taken to the Statement of Financial Activities at that point. The determination of any gains
and losses are calculated by reference to the value of such assets at the beginning of the accounting period.
2. Trustees, and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year12023'. £Nil).
The total amount of employee benefits received by key management personnel is £Nil (2023.. £Nill. The Trust
considers its key management personnel comprise the trustees.
The trustees did not have any expenses reimbursed during the year (2023-. £ Nil).
3. Related party transactions
There are no related paty transactions during the year (2023.. £Nil).

THE OLIVE TREE TRUST
Notes to the financial statements (continued)
for the year ended 5th April 2024
4. Investments
4a- Movements in period
2024
2023
Cost at 6th April 2023
667,965
684,134
Additions in period
161,615
88,626
Disposals at cost (proceeds £177,919, realised gain £65,925)
(111,994)
(104,7951
Cost at 5th April 2024
717,586
667,965

THE OLIVE TREE TRUST
Notes to the financial statements (continued)
for the year ended 5th April 2024
4. Investments (continued)
4b- Schedule of investments for the year ended 5 April 2024
Cost Market Value
Units
9,000
20,000
14,236
3,000
3,800
12,000
1,000
3,000
250
Treasury IIL Stock 2035
Retail Charity Bonds PLC
Rathbone Unit Trust Management
Britvic PLC
24,769
20,065
15,215
9,066
18,979
12,136
4,628
24,808
22,377
18,346
12,177
23,565
18,635
30,132
7,176
21,600
Aviva PLC
Legal & General Group PLC
Prudential PLC
IG Group Hldgs PLC
London Stock Exchange Group PLC
Ord Shs 6 79186P
Astrazeneca PLC
Compass Group PLC
SAGE Group PLC
Dunedin Income Growth Inv Tst PLC Ord 25P
19,496
6,055
6,831
4,138
24.081
16,057
32,225
18,835
15.103
5,936
24,898
24,889
23,445
22,302
22,654
25,813
23,460
9,192
9,570
28.992
36.186
38,866
30,492
22,987
210
1,020
2,070
8,500
1,200
5,000
800
Henderson smaller cos inv Tst PLC Ord 25P
RWS Holdings PLC
Smurfit Kappa Group PLC
Jpmorgan American Inv Trust PLC
Invesco Pacific Accumulation Units
Impax Environmental Markets PLC
Jupiter Green Investment Trust PLC
Schroder International Seleclion Fd Global
Sustainable Food And Water C GBP
Scottish Mortgage Inv Trust PLC
Personal Assets Trust PLC
Primary Health Properties PLC
Foresight Environmental Inf
Greencoat UK Wind PLC
HICL Infrastru¢ture PLC
The Renewables Infrastructure Grp
Gresham House Energy Storage Fd
31 Group PLC 5.750/0
Aviva PLC 6.1250
Burford Capital PLC 50
Telecom plus PLC
Schroder UK Mid Cap
Deere & Co
5,550
7,313
7,700
12,700
277
25.265
11,720
16,937
23,497
25,261
25,043
20,627
25,355
18,806
20,326
20.441
18,878
24,030
20,456
19.832
24,929
19,783
24,758
3,432
26.704
39,878
17,760
18,050
19,448
22,963
15.000
20,988
7,177
21,390
20,994
19.514
24,450
19,775
19,506
25.454
15,254
17,532
28,100
4.650
3700
20,000
22,000
16,700
12,000
21,200
17,400
20,000
20,000
20,000
1,500
3,500
60
6,663
7,700
21,200
1,000
Liontrust European Dynamic
Londonmetric Property
Foresight Solar Fund Ltd
31 Group PLC
Total
717,586
847,904

THE OLIVE TREE TRUST
Independent Examiner's Report to the Trustees of The Olive Tree Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5th April
2024 which are set out on pages 6 to 8.
Responsibilities and basis of report
As the charity's 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 145(5){b) 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 the charity as required by section 130 of the Act., or
the accounts do not accord with those records.
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 understanding of the accounts to be reached.
B Hayes Bsc FCA
Wenn Townsend
Chartered Accountants
Oxford
181h January 2025