anson trust Charlty Registratk+n No. 1107174 Company Reglstratlon 140. 06151340 {England and Wales) THE ARTHUR ANSON MEMORIAL TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust LEGAL AND ADMINISTRATIVE INFORMATION Dir•ctor8 Mrc 8 HillEr Mrs L H Stevens Mr R G Finch Mr J Brace Mrs S J Gillham Mr l R Mfilson Charity numb¢r Company number Prlnclpal addres Regi8tfrr•d offlce 1107174 05151340 9 The Farthings, Marcham, Abingdon, Oxon., OX13 6QD 9 The Farthings, Marcham, Abingdon. Oxon., OX13 6QD CONTENTS Page Dlrector8' r•port Independent Examlnefs r•port StateThnt of finan¢l•l actlvities Balance sheel Not•s to the financlal statemel THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust DIRECTORS, REPORT- FOR THE YEAR ENDED 31ST DECEMBER 2024 The directors present their report and financial statements for the year ended 31 $1 December 2024. The accounts have been prepared In accordance wth the accounting policies set out in note 110 the accounts and comply with the charty's governing documenL Ihe Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effects've 1 January 2019)" ObJectlve8 and activities The ol¥'ectives of the Trust are the provision and maintenance of facilities, arrEnrties and sefvw for use by the inhabitants of the parish of Marcham and lis neighbourhood and the relief of persons resident in the parish who are in need, hardship or distress (including making of grants to bodies who proV￿e goods. seNices or frdcilits'es to them). There has been no change in these during the year. In accordan￿ wrth section 4 of the Companies Act 2006. the directors have paid due regard to guidance issued by the Charty CommissK)n In deciding what activrties the charity shoukl undertake. Achievements and portormance In 2024 the Trust conkn'nued to deliver on rts charitsble purposes. which are now pnmarily rret by supporting the establishments, organisations, societies. dubs and groups that seryice and support the local communrty through the provisKin of financial grants, To encourage the local Community to approach the Trust vnth grant requests that fall under is objecb'ves, the Trust continued to place adverts in the local communty newsletter and use digital social media and a regularly updated website to raise awareness of the types of grant opportunities available from the Trust. These initiatives bore fruit in terms of the volume, value and range of purpose of grant applicats'ons that were rewved in 2024. Nuryber Am.OLini Number /,, NLirnber Aniounl '1. Value Avg jdayS1 Received Requ8St•d Approved Approved Approvefj Approved Decision Time 19 2022 2023 £1.339 £51,552 £23,799 67% 94% 100% £1,028 £50.942 £23,799 16 10 Is 99% 100% 2024 10 Amount Clalmed by 31101/25 Y6 Number of Grant5 Claimed Av8 Irjaysi Amouni ot tsrant Request to Paid up to Claims Paid Clalm Tlme 31101125 Avg uays to Grant Payment Cumulativo, Grants Unclaimed at each Y/E £0. 2022 2023 Z024 £1.028 £50,708 £20.740 loo% 134 172 83 £1,028 É50.708 £20.740 loo% 18 loo% 90% loo% 12 £24,281 £3.000 loo% 12 Tha infom>glK)n in Ihe 18bl8s at(•ve Is basod ￿ Iho state ol grwpt applicatsons a$ 4t 31" Jan¢J8ry Wd5 omounts dajmfjd, p2￿ and W￿incI￿r• chanps to mdfvTrJual •pplt8t￿s ￿ to Ih•t dal•. Flnancial revlew The Trust's financial performance in 2024 continued the strong perf0m￿nCe of the preV￿uS couple of years with an operating surplus of income over expendtture. prior to charitable grants, of £24.594 compared to £24,432 in 2023. Once grant paymenls of £30.300 are tsken into account, the Trust rnade an operatsng deficit of £5,706 in 2024 compared to a deficit of £2.036 in 2023. The cumulative effect of this and previous years, perfomwnce means that by end of 2024 the Trust had just over £10,000 still available for new grant requests, having approved grant requests totalling r￿arlY £75,000 during 2023 and 2024. The Trust regularty ￿vIewS its investment strategy for both its restricted and un￿Stricted funds. The Trust continues to, where practical from cash flow consideratons, maximise the interest income on its cash holdings whilst at the same time building a long-term investment portfolio for the sinking fund that the Trust requires to ensure that the Trust can maintsin and mTrJernise rts physical assets in the decades to come. The Trust expenenced an 70/0 increase in the value of it5 investment funds in 2024 (exduding ￿ldItional investments>, compared to an 140/0 increase in 2023. In add￿on to the restricted funds of £139.883, held in the fomi of investrnent trusts and fvnds, the Trust also Page lof9 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY UMITED BY GUARANTEE) anson trust owns, as part of its endOwn￿n( a commerual nursery facilty conseniatively vall￿￿ at £600,000, and the Anso Field, both of which acljoin Barrow Close (a private road owned by the Trust) arid the Marcham Centre that was erected on land previously owned by the Trust. The Anson Field is leased to Marcham Parish Council until 2119 (subject to the application of the terms of the lease). The income generated from the nursery facilty is the main source of the Trust's income and the directors have adopted what they consider to be a suitably prudent approach to its use of this income to fund its grant makin9 opportunities in seniice of tts charitable objectives and the Trusys need to buikj the sinking fiJnd referred to previously. It is the policy of the charty that unrestrict&J fvnds which have not been designated for a specffic use should be maintained at a level at least equivalent to between six and fvlelve months, anticipated expendrture. The directors conSKler that reserves at this level will ènsure that, in the event of a sKJnificant drop in funding, they will be able to continue the charty's current activities while consideration is given to ways in which additional funds may te raised. This level of reserves has been maintained throughout the year. The directors have assessed what they consider to be the major nsks to which the charity is exposed and are satisfied thai systems and procedures are in place to mrtpate the threal that such risks pose to its operating mcKlel. Plans for the lulure The directors are keen that the Trust continues to be recognised and used as a source of communty supporting grants and will activety seek out opportunities and conts'nue to market the Trust accordingly, whilst at the same time exercising appropriate stewardship of its assets and their relevant inixme streams for the benefit of the Trust's charitabte objectives. Structure• governance and managem•nt The charty is a compary lirnite(J by guarantee which was incorporated on 11 June 2004 and does not have share capital. The directors who serve(J during the year and up to the date of signature of the financlal staterrnnts were.. Name Appoinied Member? Guarantor? Trijstee? Resione,a Mr C B Hillier 20109￿010 £1 Mrs L H Stevens 04101r2017 £1 Mr R G Finch 09101r2017 £1 Mr J Brdce 11107r2022 £1 Mrs S J Gillham 11107r2022 £1 Mr l R Wlson 11107r2022 £1 All directors are also members, as defined in the company's NIerr￿andUrn of Association as filed at Compan Housè on 11th June 2004 and amended thereafter. and, in accordance with clauses 6 and 7 of the memorandurn, the liabilty of members is Iimrted by guarantee to one pound. which mernbers promise to pay towards the costs of dissolub'on and the I￿￿'ll￿,es incurred by the company whilst he. she or it remains a member or wrthin 12 months afterwards. The directors, reporl. was approved by the Board of Directors. Mr C B Hillier Director Dated. 12025 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY UMITED BY GUARANTEE) nson trust INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS ON THE EXAMINATION OF THE UNAUDITED STATirroRY FINANCIAL STATEMENTS OF THE ARTHUR ANSON MEMORIAL TRUST LTD (YHE COMPANV) FOR THE YEAR ENDED 31ST DECEMBER 2024 I rep￿ to the charity trustees on my examination of the accounts of the Company for the year ended 3181 Decernber 2024. Responslbllities and basis of rnport As the charity's trustees of the Company (and rts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {Ihe 2006 Act,). It is your duty to ensure that The Arthur Anson Memorial Trust Ltd has kept adequate accounting records and to prepare slatutory financial ststements that give a true and fair view of the assets, liabilits'e5, financial posrtion ar*d defbcit of The Arthur Anson Memorial Trust Ltd. You consider that The Arthur Anson Memorial Trust Ltd is exempt from the statutory audit requirernent for the year. Having satisfied myself that the accounts of the Company are not required to be audrted under Part 16 of the 2006 Act and a￿ e1￿ible for independent examination. I report in respect of my examinats'on of your charty's accounts as camed out under section 145 of the Charrties Act 2011 (-2011 Act.). In carrying out ry examinats'on I have followed the Directions given by the Charity Commission under section 145{5)Ib) of the 2011 Act Independent examlnefs s￿¢m•nt I have completed my examinab'on. I confirn that no matters have come to my attention in connecb'on wth the examinatson giving me cause to believe that". accounts'ng records were not kept in reS￿t of the Company as required by section 386 of the 2006 ￿. or 2. the accounts do not accord with those records" or 3. the accounts do nol comply with the accounts'ng requirements of seCt￿n 396 of the 20C6 AGt other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination: Of 4. the accounts have not been prepared in accordan￿ wrth the rnethods and principles of the Statement of Recommended Practice for accounting and rewrling by charities {applicabSe to charities preparing their accounts in accordan￿ with the Financ￿1 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)] I have no concerns and have come across no othèr matters in conf￿00n wlth the examination to wh￿h attents'on should be drawn in this ￿port in order to enable a proper understsnding of the accounts to be reached. Allson Berry. FMAAT Berry Bookkeeping & Payroll Services 2 Hill View Lane, INwtton, Boars Hill, Oxford. OX13 5JT Dated: 12025 Page 3of9 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust STATEMEKf OF FINANCIAL ACTMTIES- FOR THE YEAR ENDED 31ST DECEMBER 2024 INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT I￿reStr￿ted Restricted nd> Totsl Fund¥ 2024 Total Funds 2023 Donations and legaoes Chantable acbmtses Othef trading ath'mtses In*sbnents Separats matorial item of incom• other 25,815 1,518 25,815 2,347 24,517 2,478 829 Tolal Inc(ffie 27.333 829 28,162 26,996 Exp•ndllur• on: Raising fijnds Chantsble acb'wties Sepaote material e>pense rtemi Other 32,476 32A76 28,635 1,392 33.869 1.392 33,869 Total oxp•ndltur• 29,031 Net gainsl(lossesl on InKeslments N•t knC¢xno4•Xp•￿) Extrac*dlnary ltsm8 •thr•: •mcwrt¥ fJHkng wlthln on• >wr 14 9.882 9.682 7.308 Net current a$sots11114bllili•¥l 41.588 41A88 60M45 Cr•ditorn: amcAmts falltyJ •ft•r 14 6￿00 6.0 TeA•l A•••ts 71.173 748.434 819.607 814.167 Ch*rty ￿ndS General ￿SIn(￿l lund$ General untsslricted fvnds R•rdlualion res¢Tre Total car￿d fww¥rd 139.883 139.883 79,723 600.001 819.607 131.482 82.684 8Crf).001 814.167 79.723 800.001 739,884 79,723 For the year ending 31* December 2024, the company was entrtled to the exempb'on from the audit requirement relating to small companies contained in section 477 of the Companies Act 2006 ("Acf). Furthermore, the members have not ￿qUired the company to obtain an audit of its accounts for the year in questions in accordance with section 476 of the ACL The dir￿torS acknowledge their responsibilth'es for ensuring that the charty keeps accounting records which comply with section 386 of the Act and for preparing financial statements wh￿h give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and applicatson of resources. including its income and expenditure, for the financial year in accordance with the requirements of seth.ons 394 and 395 and which Oiherwise comply wlth the requirements of the Act relating to financial ststements, so far as applicable to the company. These financial statemenls have been prepared in accordance wrth the provisions applicable lo companies subject to the small companies, regime, The financial statements were approved by the board of directors and authorised for issue on ... . And arp qionpd nn its hp.half bv. Mf C B Hillier Director Company Registration No. 06151340 Page 5019 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust NOTES TO THE FINANCIAL STA TEMENTS - FOR THE YEAR ENDED 31- DECEMBER 2024 Aeeounting pollci Company inforniation The Arthur Anson Memorial TnJ8t Ltd 18 a piivaié company limited ty guarantee incorForated in Enyand arKI INale$. The registere(l offi(* is 9 The Farthings. Martham, Abirodon, Oxfordshi￿, OX13 6QD. Accounting convention The arxounts have been prepared in accordance with the charivs memorandum and articles of association, tp Companies Act 2(￿ and 'Accounting and Reporting by Charities". st￿ement of Reeommertrded Practice appltsble to charrties preparing their a￿ntS in &cfjrdancÉ with the Finanoal Reporting StarKlard applicable in the UK and Repubh'c of Ireland (FRS 102). (as amended for ￿￿￿nI￿)g periods c4ynmencing from 1 January 2019). The charity a Public Benefft Eniity as defined ty FRS 102. The d)aiity has taken ad¥antsge of the provisions in Ihe SORP for charities applying FRS 102 Uwlale Bullelin 1 not to p￿pare a Slatement of Cash Flows. The financial slateffffits have deparled from the Chawities (Accojnts and Re[￿) Regula11¢￿¥ 2008 onty to the exlent required to provide a true and fair vkn¥. This departure has involved following the Slalement of Recommended Praclice lor charities applying FRS 102 rather than the version of the Statement of Reujmmended Pradu which is referred to in the Regulations vthich has sinix been withdrawn. The a¢c4)unts are prepared in steding, bthich Is the lunctlonal currency of th• ch•rity. 14lonetary arn1￿nts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical u)st convention ModTrf￿d to indude Ihe revaluation of ￿rtaIn 888ets. The pritK4pal a¢xountM)g poI￿leS adopted are set out below. Golng concern At the tim8 of approving the financial statements, Ihe directors have a reasonable expectstion Ihat the d)aiity has adequ8le resources to conts'nue in operational existen￿ for the foreseeable luture. Thus the d1￿Clor5 ￿)ntin￿ to adopt Ihe go￿9 ¢oncem baws of accounling in preparing the financial ststements. Charftsbl• fund• Restricted funds are subject to cmJit￿8 by dorKXS as to IK>W they may be used. 1A Incomlng rn•ourco• Income is recognised Wh￿ the tharity 1$ legally enlrtled to it after any performance condit￿8 havè been met. amount¥ be moa8urod reliabty, and rt is wobable that Income will be received. Cash donatkjns are rwised on receipt. Rvources oxpended Expenses are included in thè finaneA•l statemnts as thgy berm due. Expen$es IrKhJde VAT, where applrcable, for expenses whith the Company is unable to reclaim rt. Tanglble fixèd 48••t8 Tangible fixed assets are initialty measured al ¢08t and subsequendy measured at cxjst ¢y valualicm, net of deweoation and any imp8iment108ses. Cagh and cagh wuivalont8 Cash and cash equivalents indude cash in harKI, deposits held at e811 with banks, other short-tenn Itquid invostynents. THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust NOTES TO THE FINANCIAL STA TEMENTS - FOR THE YEAR ENDED 31ST DECEMBER 2024 Charh•bl• A¢trltk• Tfu* prop•ty Tn61 &Mr¢erty Inc￿ Incc 2024 20ZJ Ch¥lthtAe renlal incune Oth•r tr4dlng ¥dlvlll•s Tn* property Tnot •r irr ce Clwrges 24,232 285 24,517 2S,815 Unf•*ylct•d fun P•*lclbd Tot•1 2024 Tot 1.518 2,347 2.478 Clwrft•bl• kd¥ld•• Total T¢yal 2W23 arit￿￿ Grant$ Granl Mdthetry 374 412 1,75S RY1￿ 0￿1 mwrtenar I￿$5 FLiies 32,476 28,8kfj Dlr•cknrn Tot•1 T( NorE of dicLxlors lor arty perd¢JO corrn¢led ary ￿r￿An¢￿ exkv charity d￿Tra the yew. 6￿P10Y••* 2024 Numb•r Numbor of •mpl¢)y••s Tre wrwJo monthly nUMt￿ ofemFATrffts lh• yoAr w•s: S•￿rI￿ m•l•rt•l *XP•￿ ￿rn• Tolal Tthl No sqwaie exyM5 inCLrnJ the yeor Oth•r ex￿￿*• It•m• Tot41 2024 Tolal 8ow¢ ar*J cornpwy thinislrdi AcC¢￿tar Rep•rs & Manterwoe lon aSSelsl 13 15S 227 1.392 Page 7019 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust 10 N•t 9•If￿00￿ on In¥••kn•n Unm*rt¢*d fu Total 2024 2,745 8,401 11.146 19.516 11 T•n9tbl• Ilx•d a#•ts Totsl Totel An¥>n Fl•ld Nur•ry [r￿ht Pricy Ye•r Purchasè tXspo8* Re¥elu￿1 Cwryiw rnnt pTh,(K)o 809,fj elXl.O)I O•pr•cl•llort Ch•rYd C•ryry wnLXff ylng •moun¢ •t •fftl 12 FIx•d a•*t Inv•th•nlB ilnv•*Mctrtd Inv•*iy)•ntr Inwth•ni• Llthd Inv•thi•nts 2024 slod hMsln*rt5 Co* and ￿1￿•110￿ V*uaiicfft frthn Prtty Y• PL¥chase 27.839 131.482 169.322 114,776 25,0 VJluatl(n ¢h¥ C•rryln9 •mount •t y••r •nd 2.745 35.585 8,401 139.8tr3 11.146 175.468 159,322 Flx•d a•*t Inve*imgnts r•valu•d Imerts are at t￿ mthk¢i ￿*11) (Kb 31 iknbw•¥h y•¥ 13 0•1)ior• Totsl Total kniounts falllrvj du• wllhlffi t)n• y••r. 4J¢bfors (481 PrnptyMen￿ •ThJ accrwcl Incl￿¢ 1.712 1,712 1.893 1,645 14 crodll Total 2024 ounts t•lllry du? wlthln on• y••r. ol￿r laxalK￿ and social se¢tyty 15 7.511 Tmje crtlilu5 AccrJB15 w¥J clher Cr￿110￿ 1.347 318 T￿1 23 Long T•mi Ll*blllW• Rert t*pcsit 15 O•l•ff•d Ihcom• Tai•l Toill 7.581 THE ARTHUR ANSON MEMORIAL TRUST LTD (A COMPANY LIMITED BY GUARANTEE) anson trust 16 Toi*l 2024 2023 FLnl balar￿e$ at erKI we re•rted Oy". T•Tr¥t4o assets estmts)Is CLmnt assdSlOi*ltlesi l(q551 17&4 159.322 819.607 814,1fj7 17 R•l•l•d p•rty tran*¢Oon¥ IlYJe thclcs¥We ffj1dte￿ party transKtrons int yeaf12023. Pa9e9of9