Charity wistration number.. 1080062 ST ALDATES PAROCHIAL CHARITY TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 7 DECEMBER 2025 Chopman Worth Churtereol Accovntonts
st Aldates Parochial Charity Contents Pa9e Trustees, Report Independent Examiner's Report Statement tsf Financial Attivities statement of Financial Position Note5 to the Financial Statements 7-13 The followSng pages do not form part or the statutory accounts: Detailed Ststement of Financial Artivities 14-15
St Aldates Parochial Charity Trustees. Report For The Year Ended 7 December 2025 The trustees present their report and the financial statewnents for the year ended 7 December 2025. Objectlves and Actlvltles Aims and Objectives The charity'5 objectives are to provide as515tances to the beneficiaries the City of Oxford who are in condition of need harclship or distress, and to contribute to the maintenance of the fabric and of the seryices in St Aldate's Church. These objectives are met using income generate(l from a balanced portfolio of investments in property, equities, and other funds. The Trustees contlnue to pay due regard to gvldantr on public benefit Issued by the CharSty Commlsslon In decldSng what attlvitles the charlty should undertake. Aehlevemtnts nd Performant¢ Maln AchSevemonts The quadrennial rent review was carried out and became effective March 25th, 2024. which resulted in an approximate Increase of 160h in accommodation rents but no change in retail rentals. The full year impact of these rlses was felt In 2025. Hovdever. Rent41 receipts from Commonwealth House were discounted through the year because of a rebate granted to reflert thelr loss of income from basement rooms deemed unsuitable for rent due to significant water in9ress. As a result, total income Including interest and ¢Jividends was down by 14% vs 2024. Total expense wos down 15Vo prlnclpallv due tts an abnormally low total for paIrS & mainienance. It is anticipated that this will revert to a more normal level in 2026 when works to addres5 the water ingre55 problem are carried out. Overall, an operating Surplus wès generated which en5ureLI that our overall grant allocatlons could be malntaSned as budgeted. In November 2025, the Trustees initiated a major review of the 9overnance stnjcture and strateglc aims of the Charlty. A report Is expected by mld-year ènd this is antiCitell to have a si9nifitant imcl on the future direction of the Charity. Flnanclal Rèvlew Flnanclal PoStlon The Trustees have made grant5 as set out on page5 9 & 10 of the report amountlng to £255,000 12024 - £250,000). In addltlon. penslons of £153/month have been pai¢J to needy people In the pash totalllng £3.900 1É3.704 In 20241. To enable the Trustees to make these grants. the properties 1.1 I Pembroke Street and 94 St Aldate s Oxford are carefully managed to provide what the Trustees are satisfied is the optimum return on the Tnjst Funds. Whilst the propertles are held as long term Investment propertles, the Tnjstees also seek to en5 the best use of those properties In Ilne wlth the alms of the Charlly. Reserves are held at a level necessary for the Charity to continue to meet its current needs. The property is held as an IrTrve5trnent which produces rental income. which together with income from the investment pDrtfolio produces income applied to charitable objectives. An amount of £227,077 12024 - £28.6161 Ss freely available. The Snvestments have been rnade viithin the normal trustee poY4ers governin9 a trusi of this nature. .CONTINUED Page I
st Aldate$ Paroehial Charity Trustees. Report (continued) For The Year Ended 7 December 2025 Flnanclal Posltloo - contlnued The stated market value of the freehold property is based on an open market valuation carded out by Savills on March 31 2020. The valuation concluded that the property has a value of £3,900.000. As part of the current Strategic review , the Trustees have requested an update to this valuation which will be prepared in Ast Quarter 2026. The Trustees remain confident in the ability of the charity to continue as a going concern. A key element of the Charity's Income Is room rental from the propertles owned on Pembroke Street. and the Is stron9 evldence that the rental market and roorn occupancy In central Oxford continues to be strong. Reference and Administrative Detail Trustees Rev S Foster Mr J Mltchell Mlss A Wilton Mr R Hunter Counclllor N Walte ChJrlty Numb¢r 1080062 Prlnelpal Addre1• Qulnce Orchard 31 Cumnor Hlll Oxford OX2 9EY Ind•p•nd•nt Examln•r Anna Ch4pman FCA Chapman Worth LSmlted Chartered Accountants 2 The Old Estate Yard Hlgh Street East Hendred Oxfordshlre OX12 8JY Page 2
Th• trv5t••5' r•port approv•d by th• toard of trusttts arnl slgnEd on tts behalf by: Date p83
St Aldates Parochlal Chaplty Ind•p•n¢l•Tht Ex•mkn's Rport to tho Trustees of St Aldatss Parnchlal Chaylty For Th• Yr Ended 7 D•cembw 2025 I reptsrt to the twstees on my examination of the actounts of St AldJtes Parochial Charity (the Tru$i} for the year ended 7 December 2025. R•¥poM+bllbtleo •nd Basls ol Report As the chanty trustees ol the Trust you are re¥ppnsiWe lor the preporntyorb of the accounts In accordance with the requlrements ol the CharftSes Art 2011 I-the Act-l. I r•port In respect of my ex)mln•tion of the Trust's accounts urrled out under section 145 of the 2011 Act and In urrylng Out rny examln4tlon, I have followe¢J the •pleable Dire£tloNs Olven by the Charty Commls$kTh under settion 14515llbl of the Act. Ind¢p•nd•nt Ex•mlbTr•tr'¥ Slt•m•nt Slnce the TnJst'$ gross Income exceeded £250.000 your exarnTher must Ix • member of • body Ilsted In sertitsn 145 of the 2011 Att. I confimi that l am quallfied to undertoke the exomlnarknn because l arn o member of The Institute of Chartered Accountants In England ond Wales, whlch Is one of the Ilsteé bodies. I hève completed my examinjtion. I confirm thor rbo materièl matt•s have comt to my attentlon In connecvon wlth the examinatlon 9lvlng me cause to belleve that in a•y material respect.. l. atcountinp records were not kept In rt5pert ol the TNst ès re4ulrté by settion 130 of the Art.. or 2. the a¢counts d¢ not accovd wlth those reeords.. or 3. the accounts d¢ not cornply With the applKable requlrements concemlng rhe iomi ènd contents of account5 set out In the Charttles IAccounts and Reports) Re9ulaiions 2008 other than any requlrement that the ?crounts glve a 'true and talr vlew, whlch Is noi a maiter considered JJS port of an Independent examlnatlon. I have no concerns and have corne across no other matters In connection wlth the exarninallDn lo which attentlon should be In thls repDrt In order to tTh•bl• o proper undeYstèndsn9 of the atttyJnts to be re4¢he4. Afina Chapman FCA Q•te Chapman Worth Llmited harrered Accountants 2 The Old E$tate Yard Hl9h 5tre¢t East Hendred Oxford5hire OX12 BJY P4ge 4
St Aldates Parochial Charity Statement of Financial Activities For The Year Ended 7 December 2025 2025 Unrestrirted Unrestricted funds funds 2024 Notes INCOME AND ENDOWMENTS FROM: Charitable activities.. Provision for the poor and needy people residing in or about the ancient parish of St Aldate Investments 310.7B2 327,827 10.796 15,332 321.578 343,159 EXPENDITURE ON: Charitable actlvities.. Provision of rellef Grant funding Share of support costs Share of governance costs 126,7941 1255,0001 115,6201 12,2681 188,9901 1250,0001 19,4691 12,2201 1299,6821 1350,6791 NET INCOMEI(EXPENDITURE) BEFORE INVESTMEMT GAINS/{LOSSES) Net galns on Investments NET INCOME/(EXPENDITURE) 21,896 44.397 17,5201 15,499 66.293 7.979 NET MOVEMENT EN FUNDS RÈCONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 66.293 7.979 2,310,704 2.376,997 2,302,725 2.310,704 14 The note5 on pages 7 to 13 form part OF these flnanclal statements. Page 5
st Aldatw P•rothl•l (JD•rttv A• At 7 l>•wnb•r 2025 202S 2024 UAV••trlct•d Tot•1 fvnd• l¥ftgible A5S¢ts Irwestments 1,850,000 1.850,000 299.968 432,088 2.149,968 l282,089 li Investments Co6h It bank and In hand 12 24,929 204,370 229.299 18.?73 54.423 73.196 ¢v•dlt•M: ANw¥nt• Plllng Du• Wlthln On• Y••r ij (2,2701 {H,5801 NET CURRENT A••IT• {LIWLrriis) 227,029 28,616 TOTAL A•Jm LU• cuRReMT LWILM 2,376,997 2,310,704 2,376.997 2,310,704 VUNDS OV THE CHAIIXTY UnrestdcteÉ Fund6 2.376,997 2,3JO,704 2,376,997 2.310,704 TOTAL VUIID• On b¢hall of the brd V 5 Fo•ter Trustee Oate rfa 2fr" 2C•J& notés on pègas 7 to 13 form port of th•M fin•n t•t•m•ni•. Paae 6
St Aldates Parochial Charity Notes to the Financial Statements For The Year Ended 7 December 2025 General Informatlon St Aldates Parochlal Chadty Is an unlncorporated chadty registered wlth the Chadty Commlsslon. reglstered chaty number 1080062. The principal address is Quince Orchard. 31 Cumnor Hill. Oxford. OX2 9EY. Attounting Polit•e$ 2.1. Bas1$ of Preparatlon of Flnanc6•1 StatemÈnts The financlal statements have been prepared In accordance wlth the ChadtSes SORP IFRS 1021 Accounting and Reportlng by Charitle5.' Statement of RecoTTimended Practice applicable to charities preparing their accounts in accordance wlth thè Financial Reporting Standard applicable In the UK and Republic of Irelan¢J IFRS 1021 leffective l January 20191 Financial Reportlng Stèrndard 102 'The Flnancièl Reportlng Stèndèrd èppllcable in the iJK ènd Republlc of Ireland" and the Charltles Act 2011. The charlty 15 a Publlc 6eneflt Entlty as deflne(I by FRS 102. 2.2. Ineomlng Resourte Income Ss recognlsed when the Chadty is legally entitled 10 It after any perfomiance conditlons have been met, the arnounts can be rnea5ured reliably. and it 15 probable Ihat income will be received. Cash donations are recognised on receipt. other donations are recognised once the Charity has been notified of the donation, unless performance condltSons quire deferral of the amount. Intorne tèx recoverable in relation tts don3tions received under Gift Aid or deeds of covenant is recognised at the tirne of the donation. Legacies are recogni5ed on receipt or otherwise If the Charity has been notlfled of an Impending distributlon. the amount is known, and recelpt Is expected. Jf the amount Ss not known, the legacy 15 tre4ted 4s a contingent osset. 2.3. Reourtes Expended Expenditure Is recognised once there is a legal or constrttI¥e obllgatlon to transler economlc benefit to a thlrd party, It 1$ probable that a trnnsfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by actlvity. The costs of each activity are made up of the total of dlrect costs and shared costs, Including SLJPPOrt costs Involved in undertakin9 ea¢h artlvity. Dire¢i ¢ost$ attribuiatsle to è $lngle actlvlly are allocated ¢Jirectly to that activity. Shared costs whlch contrlbute to more than one actlvlty and support costs whlch are not attrlbutable to a slngle ictlvlty are apportloned between those attivitles on a basls conslstent wlth the use of resources. Central staff costs are allocated on the b4sls of tlme spent. and depreciatlon charges are allocate(J on the portion of the asset's use. All expendlture Is Included on an accruals basss and Is recognlsed when there Ss a legal or constructSve obllgatlon to do so. Charltable actlvltle5 Include expendSture assoclated wlth meetlng It5 charltable oblectlves. Thls Includes the cost of grant maklng. and 4Jlrect provlslon of charitable services.Govemance costs Include those Incurred In the governance of the ¢harlty and Its assets and are primarlly assoclated wlth constitutional ancl ststutory requlrements. Page 7
St Aldates Parothial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 2.4. Tanglble Flxed Assets and Depreclatlon Tanglble fixed assets are measured at cost less èccumulated deplatiOn and any accumulated Impairment losses. Depreciation Is provided at rates calculated to write off the cost of the fixed asset5, less their estimated residual value, over their expected useful lives on the following bases.. Freehold 0% straight line / no depreciation on land 2.5. Inve5trnents Flxed asset investments are initièlly measured at transattion price excluding transèttion costs. and ère subsequently measured at fair value at each reporting date. Changes in fair value are 0nised in net income/lexpen(liturel for the year. Transaction costs are expensed as Incur 2.6. Cash and Cash Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term hlghly liouid investments that mature in no more than three months from the date of acoulsltion and are readily convertible to a known amount of cash with insignificant risk of change in value. and bank overdrafts. Invttmént Inc•m 2025 2024 Unrestrlrted Unrestrlct•d funds funds Interest from Investments Dlvlden¢s from Investments 4.753 6.043 9,693 5,639 10.796 15,332 4. Analy¥5• ot Expndltur* 2025 Grant fundln• of Support Artlvltle$ undertaken (see note dlrertlv (see note 51 61 Tot•1 Prov151on of reller Grant fundlng Share of support costs Share of governance costs 23,022 3,772 255,000 26,794 255,000 15,620 2,26B 15,620 2,268 23.022 258.772 17,888 299,682 Page 8
St Aldates Parochial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 2024 Grant fvnding of Support Artlvltles actl¥ltles costs undertaken 15ee note (see note dirertly 51 61 Totol Provision of rellef Grant fundln9 Share of SLJPPOrt costs Share of governance costs 85,286 3,704 250.000 88,990 250,000 9,469 2.220 9,469 2,220 85.286 253.704 11,689 350,679 Grants Payable 2025 Gr•nts to Gr•nts tts ID¥tltutlons Indlvldu•l¥ Totol Provlslon of re15ef Grant fundlng 3,772 3,772 255,000 255.000 255.000 3,772 258,772 20Z4 Grants to Grants to In5tltutlon• IndSvSdu•l• Tot•1 Provlslon of rellef Grant fundlng 3,704 3.704 250,000 250.000 250.000 3,704 253,704 Grants pild to Institutlons, Included above, are as Follows- 2025 1024 ACTI Includlng Mlnlstry to ex offenders Archviay Donnlngton Doorstep Emmaus Trust Gatehouse Grandpont Chlldren's Centre Mental Health Monitoring Prolect (St Aldates) Oxford Churches Debt Centre 45,000 5,000 5,000 I,soo 5,000 1.500 16,000 12,500 42,000 5,000 5,000 1,000 3,500 1,500 15,000 11,000 ..CONTtNUED Page 9
St Aldates Parothial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 Oxford Sexual Abuse & Rape Crisis Centre Oxford Street Pastors Rector's Discretionary Fund 1st Aldates) Rosehill & Donnington Advice Centre School of Ministry Bursaries Support for Youth Events st Ebbe's School st Luke's Church st Matthews PCC Tandem Vlv Church 8ranch- malntsin Fabric of St Aldate's Oxford mutual ald RaSnbow house 2,000 3,500 10,000 2,000 5,000 5,000 1,500 5,000 3,000 1,000 3,000 125,000 3,500 6,000 2,000 6,000 5,000 4,500 3,000 1,000 4,000 127,500 500 500 255,000 250,000 Support Costs 1025 Share of Share of •upport gov¢rnJn¢* costs Costs Total Employee costs General è¢mlnlstratlon Governance costs 7.000 8.620 7.000 8,620 2,268 17,888 2,268 2,268 15.620 2024 Shar• of Sh•r• of Bupport governance ¢osts ¢osts Tot)I Employee costs General admSnlstratlon Governance costs 6,600 2,869 6,600 2,869 2,220 2,220 9.469 2.220 11,689 Page 10
St Aldates Parothial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 Independent Examiner'$ Remuneration 2025 2024 Independent examination of the financial statements 2,268 2,220 staff Costs staff costs were as follows.. 2025 2024 Wèges and salarles 7.000 6,600 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. Avtrage Number of Employet* Averège riumber of employees dun9 the year was= l (2024= 11 10. Tanglble Assets Land & Propertv Freehold Co•t As at 8 December 2024 1.850,000 A$ at 7 December 2025 1.850,000 Net Book Valu• As at 7 December 2025 1.850,000 As at 8 December 2024 1.850,000 Land and bull¢ln9$ 8re Included In the )¢eounts )t eost. The propertles were valued by S•vllls on the 31 Mareh 2020 an concluded to have a market value of £3,900,000. The valuatlon conforms to Internatlonal Valuatlon Standards and was based on retent market rransattions on arm's length temis lor simllar properties. Page 11
St Aldates Parothial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 11. Investments Listed Cost or Valuation As at 8 December 2024 Addltlons DIsp05als Revaluatlon5 Transfers 432,088 15,493 110,3071 37,694 1175,0001 299,968 As 3t 7 December 2025 Provlslon As at 8 December 2024 As at 7 December 2025 Net Book Vlu¢ As at 7 December 2025 299,968 As ?t 8 December 2024 432,088 IZ. Current A•set Inv••tm•nt• 2025 2024 Short term deposlt$ 24.929 18,773 13. Cr•dltor¥: Amount¥ F•lllng Du• Wlthln On• Y••r 2025 2024 Trade credltors Accruals and delerre¢J Income 2.268 44,580 2.270 44,580 14. Mov•ffl•nt In Fund Asat8 December 2024 A$at7 Deeember 2015 Inr(me Exp¢ndltur¢ T•n¥ters Unrestrlct•d fund• General.. General unrestricted fund 2.060.704 37.644 .649 2.106,997 .CONTINUED Page 12
St Aldates Parothial Charity Notes to the Financial Statements (continued) For The Year Ended 7 December 2025 Designated.. Designated fund 250,OLKI 321,578 (292,929) (8,6491 270,000 Total unrestrlcted funds 2,310.704 321,578 {255,2851 2,376,997 Total funds 2.310.704 321.578 (255.285) 2.376,997 Asat8 December 2023 Asat7 December 2024 Income Expendlture Transfers Unrestrlcted fund General.. General unrestricted fund Deslgnated.. Deslgnated fund 2,052,725 15,499 (7,5201 2,060,704 250.000 343, 159 (350,6791 7,520 250,000 Tot•1 ynr¢strlrt¢d fund 2.302.725 343, 159 (335,1801 2.310,704 Total fund• 2,302,725 343, 159 {335, 1801 2.310,704 15. Tran*•¢tlons wlth Tru•t¢¢• None of the trustees recelved any remuneratlon or any other benefits from an employment wlth the chèrfty or a related entltv durlng the current or prevlous year. No trustee expenses have been Incurred. 16. R•lat•d P•rty Dlocloour•• There were no d5sclosable related party transattions during the year (2024 - none) Page 13
St Aldates Parochial Charity Detailed Statement of Financial Activities For The Year Ended 7 December 2025 2025 Totèl funds 2024 Total funds INCOME AND ENDOWMENTS FROM: Charltable Actlvltles: Provision for the poor and needy people residing in or about the ancient parish of St Aldate Income frorn charitable activities 310,782 310,782 327,827 327,827 Investments Dividends from other current asset investments - listed Interest from other current asset investments - listed 6,043 4,753 5,639 9,693 10,796 15,332 321,578 343,159 EXPENDITURE ON: Charltable Actlvltl•s: Provlslon of rellef Rent collectlon, property repalrs and malntenance charges Quinquennial Inspection Management fees Repairs, renewa15 and maintenance Insurance Grants to Indlviduals 114,7101 12,1001 {2,4001 19.6001 19,7611 148,2531 110,8611 110,6231 13,7721 13,7041 126,7941 188,9901 Grant fundlng Grants to Institutlon$ 1255,0001 1250,0001 1255,0001 1250,0001 Shart tsf #upport Wages 3nd salarles Professlonal fees Bank charyes Other office costs 17,0001 16,5151 1251 1801 115,6201 16,6001 12,6511 11051 11131 19,4691 Share of governanee eo#t# Independent examiner's fees {2,2681 12.2201 {2,2681 12,2201 1299,6821 1350,6791 21.896 17,5201 NET INCOMEI(EXPENDITURE) BEFORE INVESTMENT GA114S/<LOSSES) Net galn# on Investments .CONTINUED Page 14
St Aldates Parothial Charity Detailed Statement of Financial Activities (continued) For The Year Ended 7 December 2025 Surplus on disposal of listed fixed asset investments Fair value surplus on revaluation of investments 6,703 37,694 15,499 44,397 15,499 NET INCOME 66.293 7.979 Page 15