## Trustees’ Annual Report for the period From 01/01/2023 Period start date To 31/12/2023 Period end date ## Charity name: Oliver Heaton Trust ## Charity registration number: 1165051 ## Objectives and Activities ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To further such religious purposes in the
THE PARISH OF SS PHILIP & JAMES
WITH ST MARGARET IN THE CITY OF
OXFORD as the Vicar and churchwardens
of the said parish shall in their absolute
discretion think fit.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The charity’s principal activity is to make
grants to support activities in line with its
charitable purpose, as set out above.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the Charity
commission guidance on public benefit.| ## Additional information (optional) You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|All applications for grants must be
considered and approved as being
appropriate by the PCC before the trustees
consider them.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|The charity’s activities in reviewing grant
applications and making grants are carried
out entirely by the trustees, who are
volunteers. The charity itself does not carry
out other activities, except to manage its
assets.| Other The church is an Anglican parish church, but is open to all, irrespective of residence or faith. ## Achievements and Performance ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|In 2023,
OHT ceased contributng to the cost of
the associate Priest post which has
become part-tme.

contnued funding of children’s worker
(100%)

paid for a First Aid course

loaned money to St Margaret’s for
guter repairs

contnued the grant to SAMS (a weekly
craf group at church for children)| ## Additional information (optional) You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|
All grants were in line with the charitable
objectives| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|See financial report| |Other||| ## Financial Review |Financial Review||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Total funds carried forward: £2,609,243.37| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are not held| |Amount of reserves held|Para 1.22|None| |Reasons for holding zero
reserves|Para 1.22|The charity does not have continuing
obligations beyond those already agreed in
grants. Investments are sufficient to meet
current obligation without difficulty.| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| Additional information (optional) You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
The charity’s assets are invested partly in
COIF funds and partly in property which is
let. The sole source of charitable income is
the return on these investments.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|All forms of investment are subject to risk.
In 2023, the rental housing market
experienced considerable fluctuation, and
is likely to continue to do so, hence the
decision to sell the properties.| |Other||| ## Structure, Governance and Management |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The charity is a charitable trust constituted
according to its trust deed| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|There must be at least 3 trustees each of
whom serves for a term of 3 years,
renewable. Trustees must be 18 years or
older and are appointed having regard to
the skills, knowledge and experience
needed for the effective administration of
the charity. There are currently five
trustees, including the vicar and two
churchwardens.| |Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|All trustees have regard to the policies of
the charity.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any
related parties|Para 1.51|The Oliver Heaton trust is independent of
the PCC of St Margaret’s with St Philip and
St James, but by its constitution may only
approve grants which have already been
considered and approved by the PCC as
being worthwhile and in line with the aims
of the PCC.| |Other||| ## Reference and Administrative details |Charity name|Oliver Heaton trust| |---|---| |Other name the charity uses|OHT| |Registered charity number|1165051| |Charity’s principal address|Court Place Barn, 33C Oxford Road, Old Marston,
Oxford
OX3 0PQ| ||| ## Names of the charity trustees who manage the charity |1
2
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20|Trustee name|Office (if any)|Dates acted if not for whole
year|Name of person (or body) entitled to
appoint trustee (ifany)| |---|---|---|---|---| ||Rev Daniel Walters|||Ex officio(vicar)| ||Dr Hugh Series|||| ||Christopher Levick|Treasurer||| ||Prof Richard
Cooper|Chair||Churchwarden (ex officio)| ||Tom Plant|||Churchwarden(ex officio)| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved Director name Name of trustees holding title to property belonging to the charity |Trustee name|Dates acted if not for whole year|| |---|---|---| |Diocesan Trustees (Oxford)
Ltd||| |||| |||| |||| |||| |||| ## Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ## Exemptions from disclosure Reason for non-disclosure of key personnel details ## Other optional information ## Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees |Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date||| |---|---|---| |||| ||Professor Richard Anthony
Cooper|| |||| ||Chair|| ||08/01/2025|| ||08/01/2025|| Oliver Heaton Trust Accounts for year to 31st December 2023 ToJtsttk¢ 2022 To315tlk¢ 2023 Sourctol Funds Income Interest prof￿0￿ saleof s.997.43COIF units COIF InvÈStment Incorne Net Income from Leader's Paanagement Proflllllossl on piopertyd15posal Totsil IncL¥ll• Expendlture Bank charges Grants 126.30 33,450.78 27,M.12 60570.13 847. 34,963.60 43.583.11 23.586.58 55W.93 121,937.33 81.00 172,620.25 24,837.92 Toi•l£xpendliUrn I?I701.25 7.92 Surpluslldeficktl todate before ImpalimEnt olpfopÈrty August 2023 10% Impairment marketvalue adl. 00fi¢114fterlmylrment 50.763.92 .91ty01 144,771. 113.861 S0,Y63.92 Bwto let•(qu￿1%10 20ZjCha￿e 35 CoxsGround 5 Radley PIKe 2 Bad8ers Close 18The Pub115hin8Hou$e l The Publlshln8 House 2The Publlshln8 House 3 The Publlshlng House 41he PubllshlngHouse Capll4lt061S 2023 10% Impalrment . rnarkei valueadl. IMp•lr•d t4plt•l c￿t Forsgle Sold S26,115.4Z 419,422.43 I75.￿5.4& 207,471.77 159,728.55 I￿4,5￿9.21 163,272.99 201,?BO.31 1,99&66&16 . 550,Y7.17 144.771.9) 1,99&666.L6 . 695.719.07 2,748.97 419122.43 32B,864.39 175.965.48 211,125.77 185,073.83 I44,￿.21 3,654.LKI 25,345.28 Forsale Sold Forsale 163,272.99 201.7￿.31 IA47.?1&99 144.771.50 I.￿￿917.09 ¢• Sh•*1 JtstDe¢lOIZ 2023Ch•ry4 To31%t D•ciO Buy roletaqu1s￿10n$- hlsrortccost PrepaymeDlslactruÈdexpense$ Loansiost Mar8aret5 PCC Cash al CAF14ank Cuffent account Cash ai CAFeank Gdd COIF Charfty Inves¢ment- hlstorlral wst Tot•1 1.9*666.16 1,7117.32 71,031.11 20,093.63 16,076.26 615,45().78 17Z3.10&16 6%,719.07 8.616AQ 22,9AO.71 3,667.61 9,746.6 1,302.947.09 6,829.08 .0￿).40 23,761.24 25.822.94 I,lJ5,dSn.78 113.86L89 I609,14J.37 Fund V•lw.hLrtorlccoii I713,10&26 I609243.37 COIFChJthFuNlv41uèai bld ￿(ell ￿$t p*¢4mb*r202J Unrea115edSU@U5 BB2,720.21 267,269.43 1.$9j￿Il.O£ 375,060.28 107.N.85 Oliver Heaton Trust Grants St61￿Sta￿trthuti0￿ re DW*tW5 As% pr￿sOronn0r 840.93 1.92 4.46758 StMar8¥etsde¥ekym*)tW0￿frE& OXCC planni￿sEe5 EEOW by De￿￿. Riwrtyryi rtteThde￿ Arboi¥l report Atboieal report w￿an￿￿K1ee Asbest055uThVf TopoÈraphl￿ 5Ut¥EYCD5ts LiEhting Pwiepti￿s Lowe&(Xiver-lithtthi*ts* klTA hea*(orbgJltants 3n. I1&￿.61 I￿L Y14.fAI 141MAI StMar8aret5Churth atht*s•**ffl•Thten S4Ms2023 re Knede IE 15tAidtowse Thtry. St Msloantyw4ep¥iiTrl* reoty of Mustce¥y* Ortsn 5thdat5hip-R (*%*.E￿Ilt Evantelena watrs EYa.Lapt 212*7.82 25207.79 24A17S2 Lowe & Ol¥erSta££ IVAT Lfft&(IhvSl4t 2VAT L￿e &Oltsv 5ta8e 3VAT TrSlIsd(￿ ¢utterrepailSStsAe I JttEfFepait5513y2 4ASQ22 5.IrB_14 IIT22AO ,722.40 35 Co*sGrowd S Radley Pla 28adEersll05e 18ThePvblishineH L The PublthinE 21he PUbl￿1￿E 3ThePublishingWou5e 4ThePubli5hinE House s26.1￿. 419A22A3 I75￿5.48 207.471.77 159.72855 I7￿97 s2￿.39 In.965.48 21L12S.77 Is5￿7￿83 1449YJ.2L .345a8 1632rL.99 201.7&1.3I 1.487n5 16333452 925.52 2￿L7￿31 202310% Wirn￿r . I44.771.￿ - k44.71LS X 8% 88 8 8 8 8 88 % ¥ 8 g %z 88 x88 x~ ¥¥ % s s¥: ZII Ixri i o o ZIL I rew)rt on Jccounts ot the Trust for the year ended 31 Derernber 2023. which tOllSi5t of tY•V pages of accounts Isecti¢)ns A and 81 ond lin 5ettion Cl Note5 3. 6, 13, 17, 19, ?0, 21 a￿1 24. The charivs trusrees are ￿ponsIble for the preparnt7on of rhe accovnts. The chjrivs twstees considef that an audit is not ￿qUired tor this yejr under sertson ]442> ot the Charit*s Art 2011 Ithe 2011 PLtI and that an indeperthnt examination is needed. Is my re¥oTrybility to: examifte Ihe accounts undef seaion 145 of the 2011 A follow the procedures larfl down in 8eneral Direak>ns 8l¥en by t1￿ urn155lon under section 145151Ibl of ihe 2011 Art state wh*thr particular manefs have c0ft￿ ro ftry attention Dasls ol Independent ¢x￿[w$ r•port My qyarnina￿n was tirried out in xtordance with genefal Olrectk¢ns gfven by the Charity Commissioft. An eyamination includes a revlew of the accountin8 records kept by the charTty ar41 tompdrison of the accounts presented wilh those records. It aFso inclwles cons60erntion of any Usual items or disdosures fft the accounts and scekry expl4r￿lI0fts from as Irustees concernin8 Jrry such rnaftprs. The proceduros UFKl8rtaken do not provide all th¥ *vid*nc* thal Would be ￿qUired in Jn aLKltr and consequentty opinion ss Kivon •s to wh•ther thll accounts pr45ant rrue Jnd lair vi•.w and the reFX>rt ￿ Ilmit*d to th0￿ matters set out in the n*xt ￿￿teMent. Independen¢ t&¥Trin•rf$ %W¢m•nt In connertion wlth my •iaminat#)n, fio ffla￿tr come to my attention: l. thar 8i¥es me rewJ)nable cause to believe ihat in ony m4reriJl respecr the ￿uIrementr. io keep Jccoufflin8 recofds in •cwrdJnce wirh secrion 1.30 01 ttte 2011 Acr JTrd b. io prepa￿ accounts th•r accor(I with thp accountin& rpcords and compty with th accounzirvd requlremeTris ot the 2011 Act hove fy)t been rn•t or 2. to wh￿h in rny opinlon attentK>n should be drawn in order to enable è woper ut*fStarKlin8 of the accounis to be reached. N4m•: Tom Cdrwr Relevant pffjfessional qualilirnmn or bothf. fofrnerty praciKed •5 thJrtered •ccountant IAC qualif*d 19961 Address". 59 Ch•lfDnt Road Oxford OX2 6rJ Date: 29 Juty 2024 S•&na￿re.