Charity Registration No. 1167547 OXFORD ROAD EDUCATION CHARITY (OREC) REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 OXFORD ROAD EDUCATION CHARITY (OREC) LEGAL AND ADMINISTRATIVE INFORMATION |**Trustees**|Rev. D Bull| |---|---| ||C L Brown| ||J C Bradley-Sessions| |**Charity Number**|1167547| |**Principal Address**|The Parish Office| ||The Causeway| ||Marlow| ||SL2 2AA| |**Independent Examiner**|Adam Howarth ACMA| |**Bankers**|Lloyds Bank plc| |**Website**|None| Page 2 OXFORD ROAD EDUCATION CHARITY (OREC) ## TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and unaudited financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), the Charities Act 2011 and in accordance with the trust deed. ## **Objectives and activities** The objects, purpose and activities of the charity is an educational trust aimed at advancing the education of children attending Holy Trinity School, Marlow. ## **Public Benefit** The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission. ## **Donation making policy** The Trustees decide on the donations to be made within the scope of the Trust’s objectives and to further the charity’s purpose for the public benefit. ## **Achievements and performance** Support donations totalling £13,970 were distributed to Holy Trinity School during the year (2023: donations totalling £11,058) fulfilling the main objective of the charity. ## **Financial review** The charity owns and manages land at Oxford Road, Marlow and raises income collected from renting this land for the benefit of the children attending Holy Trinity School. The results are set out in the Statement of Financial Activities on page 7. The Charity made donations of £13,970 (2023: £11,058) and received income of £31,558 (2023: £31,853). The general reserve carried forward is £88,168 (2023: £77,578) and the trustees are currently considering in 2025 further donations to the school. ## **Reserves policy** The Trustees’ policy is to utilise the General Fund for charitable purposes within a year of income receipts. ## **Risk management** The affairs of the Trust are on a small scale and are handled directly by the Trustees. ## **Plans for future periods** The aim of the Trustees for the next year is to continue making donations to Holy Trinity School, including encouraging larger projects, and support for disadvantaged children. ## **Structure, governance and management** Oxford Road Education Charity is constituted under a registration dated 30/09/1979. Page 3 ## OXFORD ROAD EDUCATION CHARITY (OREC) ## TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees who served during the year were: Rev. D Bull C L Brown J C Bradley-Sessions J. Shepherd was appointed Trustee and Treasurer on 4 August 2024. The Trustees’ Report was approved by the Board of Trustees. ## John Shepherd **John Shepherd** Trustee Dated: 1 October 2025 Page 4 ## OXFORD ROAD EDUCATION CHARITY (OREC) ## STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that year. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5 ## OXFORD ROAD EDUCATION CHARITY (OREC) ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ON OXFORD ROAD EDUCATION CHARITY I report to the Trustees on my examination of the financial statements of Oxford Road Education Charity (‘the charity’) for the year ended 31 December 2024 which are set out on pages 7 to 10. ## **Responsibilities and basis of report** As the Trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (be 2011 Act'). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently. I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement. ## **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 reasonable cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or 2. the financial statements do not accord with those records: or 3. the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be draw in this report in order to enable a proper understanding of the financial statements to be reached. ## Adam Howarth ## **Adam Howarth ACMA** Dated: 1 October 2025 Page 6 OXFORD ROAD EDUCATION CHARITY (OREC) ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 |**Notes**
**Income from:**
Property rent
Interest
**Total income**
**Expenditure on:**
Charitable activities
3
Other expenditure
3
**Total expenditure**
**Net income and movement in funds**
Total funds brought forward
**Total funds carried forward**
5|**Unrestricted general fund**|**Unrestricted general fund**|**Unrestricted general fund**| |---|---|---|---| |||
**2024**
**£**
31,250
308
31,558
13,970
6,998
20,968
10,590
77,578
88,168|
**2023**
**£**
31,625
228
31,853| ||||11,058
-
11,058| ||||20,795
56,783| ||||77,578| Page 7 OXFORD ROAD EDUCATION CHARITY (OREC) ## BALANCE SHEET ## AS AT 31 DECEMBER 2024 |**2024**
**Notes**
**Current Assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
Accrued income
**Net current assets**
and
**Total assets less current liabilities**
**Funds**
Unrestricted general funds
5|**2023**
**£**
90,668
-
(2,500)
88,168
88,168|**£**
80,078
-
(2,500)
77,578| |---|---|---| |||77,578| The financial statements from pages 7 to 10 were approved by the Trustees on 01/10/2025 and signed on their behalf by: ## John Shepherd **John Shepherd** Trustee Page 8 OXFORD ROAD EDUCATION CHARITY (OREC) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **1 Accounting policies** ## **Charity information** Oxford Road Education Charity is a charity registered in England and Wales by the Charity Commission (charity number 1167547). Details of the principal address are given on the legal and administrative information page of financial statements. The charity's operations and principal activities are described in the Trustees’ Report. ## **Accounting convention** The financial statements have been prepared in accordance with applicable standards under the historical convention with assets and liabilities initially recognised at historical cost. The financial statements have been prepared in accordance with the Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019) and the Charities Act 2011. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair' view. This departure has involved following the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019) rather than the Accounting and Reporting by Charities. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. ## **Going concern** The Trustees are not aware of any material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In the view of the Trustees. The charity has sufficient reserves to continue in operation for at least twelve months after the approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. ## **Income** All income is recognised once the charity has entitlement to it, it is probable that it will be received and the amount receivable can be measured reliably. ## **Donations** Donations are accounted for on a receipts basis. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs. are allocated or apportioned to the applicable expenditure heading. Page 9 OXFORD ROAD EDUCATION CHARITY (OREC) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **2 Critical accounting estimates and judgements** In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The Trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements. ## **3 Charitable activities** |Activities to advance the education of children at Holy Trinity
Other costs: Lease renewal and legal services
**Total expenditure on charitable activities**|**2024**
**£**
13,970
6,998
20,968|**2023**
**£**
11,058
-
11,058| |---|---|---| ## **4 Trustees** The Trustees, who are considered to be the key management personnel, received no remuneration or expenses for their services (2023: nil). There were no employees during the year or the prior year. ## **5 Movement in funds** |**Movement in funds**||||| |---|---|---|---|---| ||**Balance at**|**Income**|**Expenditure**|**Balance at**| ||**1 January 2024**|||**31 December 2024**| ||**£**|**£**|**£**|**£**| |Unrestricted funds|77,578|31,558|(20,968)|88,168| |**Comparative movement in funds**||||| ||**Balance at**|**Income**|**Expenditure**|**Balance at**| ||**1 January 2023**|||**31 December 2023**| ||**£**|**£**|**£**|**£**| |Unrestricted funds|56,783|31,853|(11,058)|77,578| All funds are represented by Cash at Bank. ## **6 Land** The charity has freehold title to land at Oxford Road, Marlow which was donated to the charity in the 19[th] century. The land has not been revalued due to the costs involved being disproportionate to the small scale of the charity’s activities. Page 10