REGISTERED COMPANY NUMBER.. CE023723 (England and Wales)
REGISTERED CHARITY NUMBER: 1191055
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
THE BRANCH TRUST. CHIPPING NORTON (CIO)
Bronsens
Chartered Certbfied Accountants
Slalutory Auditors
Eden House
Two fv'vers Business Park
Wilney
Oxfordshire
OX28 4BL

THE BRANCH TRUST. CHIPPING NORTON (CIO)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2023
Page
Reference and Administrative Details
Report of the Trustees
2 to 6
Report of the Independent Audltors
Statement of Financial Activities
10
Balance Sh￿t
11 to 12
Cash Flow SL*ernent
Notes to the Cash Flow Statement
14
Notes to the Financial Statements
15 10 24
Detailed Statement of Financial Activities
25 to 26

THE BRANCH TRUST. CHIPPING NORTON (CIOI
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
Mrs E A E Kennedy {resigned 19.3.241
MrJDAShand
Mr T R M Woolcock
DrT W Simpson
MrBWVRees
Mr N R A Grant (resigned 21.5.24)
Ms R Wright
Mr G A Povey
Ms J C Loudon
REGISTERED OFFICE
The Branch
16 Market Place
Chipping Norton
Oxfordshire
OX7 SNA
REGISTERED COMPANY
NUMBER
CE023723 (England and Wales)
REGISTERED CHARITY
NUMBER
1191055
AUDITORS
Bronsens
Chartered CertrfEd Accountants
Statutory Auditors
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL
CHIEF EXECUTIVE
Mrs E A E Kennedy
Page 1

THE BRANCH TRUST. CHIPPING NORTON (CIO)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iruslees present their report ￿th the financial statements of the charity for the year ended 31 De￿mber
2023. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts In accordance wth the Financial
Reporting Standard applicable in the UK and Re￿bI￿ of Ireland IFRS 1021 (effective 1 January 2019).
OBJECTIVES AND ACTIVlnES
Objectives and aims
The purposes of the CIO are, for the publ￿ benefrt and in accordance with the principles of the Christian faith".
To provide relief and assistance lo those in need by reason of their youth, age, ill-health or disability. social
or economic circumstances. unemployment, bereavement or breakdown in relationships.,
To develop the capacity and skills of those who are socially and economically disadvantaged in Chipping
Norton and the surrounding area in such a Yray that they are better able lo idenlfy and help meet their needs
and lo participate more fully in society..
To provide facilities in the inleresls of social welfare for individuals in Chipping Norton and the surroundin9
area who have need of such facilities by reason of their youth, age, infirmity or disability. financial hardship or
social circumstances with the object of improving their conditions of lrfe-,
To promote social inclusion by preventing people from becoming socially exclu¢Yed, relieving the needs of
those who are socially excl¥Jded and assisting Ihem lo integrate into society, and for the purpose of this
clause "socially excluded" means being excluded from society, or part of society. as a result of one of more of
the following factors.. unemFAoymenl', financial hardship,. youth or old age.. ill heallh,. substance abuse or
dependency including alcohol and drugs," pcMJr educational or skills allainment., relationship and family
breakdown., poor housing Ithal is housing that does not meet basic habitable standards)., crime {eilher as a
victim of crime or as an offender rehabilrtaling into society).,
- Such other exdusively charitable purposes as may from time lo lime be determined by the charity trustees.
Page 2

THE BRANCH TRUST. CHIPPING NORTON (CIO)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Significant activities
Currently the aims of the Trustees are two fold..
1. To carry out projects and aclivilies which set out lo directly address the purposes of the charity Isee above)
2. To raise funds for the purchase, development and operation of a 'community hub- called 'The Branch"
from which to deliver and further these acb"vities.
1. Projects Include:
Poverty relief..
o Working with and delivering supp)rt to over 21 families affecled by Oomestic Abuse.
0 300 households equipped and empowered lo meet the challenges of the Cosl-of-Living Crisis wth our
Branch Out and Budget packs.
o Continuing the supporting of 50 Ukrainian families direcuy thr￿gh English language lessons, housing
support and enabling 16 Ukrainian children to attend Summer Camp.
Supporting children..
o Delivering 327 hours of nurture working with primary a￿d children struggling vthh their emotions, induding
the launch of our Nurture Gardening sessions
Developing young people-.
o Delivering 322 mentoring sessions working wlh teenagers are struggling with their mental health
o We worked to combat rural digital exdusion, partnering with 'No Limits Programme, lo provide 22 families
with laptops, 5 mobile phones, 17 househtAds data and WIFI packages and 6 young people received one
lo one support lo lake their next steps towards education, employment and training
0 24 young people not in full lime education completing cookery courses and improving their employment and
career prospects
0 10 young people on our Branch Oul and Build course engaged wtth the profeSs￿nalS on the build sile and
tracked the build process
Supporting adults through challenge..
o Delivering Lifeskills and Wellbeing Courses lo 10 adults
o Three new leaders trained
o Hosted a round table event. drawng over 50 professionals together lo reviewing njral mental health
provision and make plans for the services lo be launched from The Branch in 2024
o Three new leaders trained
o We enabled over 2.280 volunteer hours
2.The dovelopment of 'The Branch"
In 2019 we purchased 16 Markel Place and have raised funds lo secure the refurbishment of the building.
The build project has been valued engineered lo slay wthin budget and is due to deliver in the Spring of 2024.
This building wll include a communty kilchen, creche facilrties, 8 therapeutic garden space, music recording
facilities. as well as space for support staff and other statutory and voluntsry service lo use as they work
alongside us lo deliver our charitable purwses.
As we move into 2024. the capital build project wll complete. and we will switch into operational mode. Our
projected operational budget indicates a reduction in both levels of income and expenditure. reflecting the end
of the major build works and the fundraising and expenditure associated wth that.
Public benefit
Ensuring we meet our aims
The Trustees review the aims, objectives 8nd actNities each year. We look 21 what we have achieved in
terms of the success of each key activity and the benefits we have brought lo those groups we are sel up lo
help. This review also helps us to ensure our aims, obieclNes and actwities remain focussed on our slated
purposes. We have referred lo the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing our aims and objectives and in planning our future aclivilies. In particular the
Trustee5 consider how planne¢J aclivilies will contribute to the aims and objectives we have set.
Page 3

THE BRANCH TRUST. CHIPPING NORTON (CIO)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REPORT
Achievement and perfomiance
Charitable a¢tiviti&s
Currently our focus is on tsvo main areas=
1. Delivering on Outreach projects to meet our objectives_
2. Raising the final funds and driving Ihe build project over the line. Yhe Branch" a community hub which will
allow us lo extend our programmes. and work alongside other stslutory and voluntary agencies to deliver our
purposes more effectively. We anticipate this will be complete by Spring 2024. and then we wll be able lo
focus on being able to develop and deliver projects lo the local community.
We have a strong team of trustees, who have led us successfully throtjgh the build project and have laid a
solid foundation on which lo base the charity. .As we have moved towards the end of the build phase and into
the Operational phase, Nick Grant has resigned from the Board of Trustees, as he felt his build expertise was
no longer of primary necessity for the Board. Emma Kennedy stepped back as a Trustee, lo lake on the role
of CEO of the ch2rity.
In total. we have raised funds of £5.2 million as of 31 December 2023. which have allowed us lo buy a
property and bfing the redevelopment of the property into ils dosing stages. The Branch Community Hub
which will be opening in Spring 2024. This development wll allow us to meet our primary objectives, and
creale a Community Hub, which is already being heralded as a blueprint for others lo follow.
As a Board we have mel each month, been mentored in the process of establishing the charity and
established good patterns of governance, including annual governance reviews, monthly risk reviews and an
annual away day focusing on our Mission. Vision & Values.
In total, we have raised funds of £5.2 million as of 31 December 2023, which have allowed us to buy a
property and bring the redevelopment of the property into its c105ing stages. The Branch Community Hub
which will be opening in Spring 2024. This development wll allow us to meet our goal 1 objectives, and create
a Community Hub, which is already being heralded as a blueprint for others to follow.
In the 12 months of reporting we have..
o worked with over 25 agencies to deliver seTvices - bolh voluntary and stslulory.
o engaged with other seryices wlh whom we collab￿ate lo trial and refine our programmes in preparation for
moving Into the new building
o appointed an Operations Coordinator to manage Ihe practscal transition of Ihe charity into the new premises.
Financial review
Financial position
During the year the charity has raised £1.2m towards capital and communty projects. Al 31 December 2023,
total funds sl¢)od at £4,770,843, made up of Un￿strICted funds of £165.810. designated unreslricled funds of
£4,514,264 and restricted funds of £90,769.
Page 4

THE BRANCH TRUST, CHIPPING NORTON (CIO)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REPORT
Financial review
Reserves policy
The Trustees stipulate that the CIO needs to hold three main reserves, Redevelopment. the General Fund
and Restricted Funds.
11 Designated Redevelopment:
To build up adequate reserves for the redevelopment of the Branch building. The reserves are held in a
Designated Oevelopment fund, and al the en(J of December 2023, this fvnd had reserves of £3.521 k of which
£1,217k had been spent on build costs.
21 General Fund..
The reserve5 policy for the General Fund is to target holding six months of operational expenses in cash or
liquid fund5, to provide financial security against dips in monthly income. These reserves are held in the
unrestricted General Fund. and al the end of December 2022, this fund held £70,￿)0, equivalent lo
approximately six months of operatin9 expenses..
3} Restricted Funds:
Funés received for spectfic purposes, either build related or charity operational. At the end of December
2022, these funds held £111 k, to be spent for specrfic purposes.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming document
The Branch Trust is incorporated under the Charitable Incorwraled Organisalion5 Regulations 2012 and is
controlled by rts governing document, a deed of trust dated 27 August 2020. Charrtable activities commenced
on that dale.
Recruitment and appointment of new trustees
New Iruslees are selecle(S by the existing Board of TfUSt&s according to the skills, kn￿edge and
experience needed for the effective administration of the CIO.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees {who are also the directors of The Branch Trust, Chipping Norton ICIOI for the purposes of
company lawl are responsible for preparirMJ the Report of the Trustees and the financial slalemenls in
accordance wth applicable law and United Kingdom Accounting Standards (United Kingyjom Generally
Accepted Accounting PTactice} induding Financial Reporting Standard 102 Yhe Financial Reporting Standard
applicable in the UK and Republic of Ireland"
Company law requires the Iruslees lo prepare financial statements for each financial year which give a true
and fair view of the stale of affairs of the charitable company and of the incoming resouTces and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing
those financial slaternenls, the Iruslees a￿ required to
select suitable accounting poI￿leS and then apply them consistendy.,
observe the methods and principles in the Charity SORP-
make judgements and eslimales that are reasonable and prudent,"
slate whether applicable accounting standards have been followed. subject lo any material departures
disclosed and explained in the financial statements-
prepare the financial slalemenls on the going concem basis unless il is inappropriate to presume that the
charitable company wll continue in business.
The Iruslees are responsible for keeping proper accounting records which disclose with reasonable a¢cur8Cy
al any time the financial position of the charitable company and lo enable them lo ensure that the financial
statements comply with the Companies Act 2006_ They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Page 5

THE BRANCH TRUST, CHIPPING NORTON (CIO)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STATEMENT OF TRUSTEES. RESPONSIBILITIES- continued
In so far as the trustees are aware..
there is no relevant audit information of wh￿h the charitable compan￿$ auditors are unaware,. and
the trustees have taken all steps Ihat they ought lo have taken lo make themselves aware of any relevant
audit information and lo establish that the audrtors are aware of that informalion.
AUDITORS
The audilors. Bronsens. will be proposed for re-appointment al the next Tnjstees, Meetsng.
Report of the trustees, incorporating a stralegic report. approved by order of the board of Iruslees, as the
company directors. on 17 October 2024 and signed on the board's behatf by=
Mr B W V Rees - Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BRANCH TRUST, CHIPPING NORTON {CIO)
Opinion
We have audited the financial statements of The Branch Trust, Chipping Norton ICIOI (the 'charitsble
companVI for the year ended 31 December 2023 which comprise the Slalement of Financial Activities. the
Balance Sheet. the Cash Flow Statement and notes lo the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and Uniled Kingdom Accwnting Standards Iunrted Kingdom Generally Accepted Accounting
Praclicel, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in Ihe UK
and Republic of Ireland,.
In our opinion the financial slatemenls-.
give a true and fair view of the slate of the charitable compan¥s affairs as at 31 December 2023 and of its
incoming resources and application of resources, indudiThJ ils income and expenditure, for the year then
ended,.
have been properly prepare(l in accordance wth United Kingdom Generally Accepted Accounting Practice.
including Financial Reporting Standard 102 The Finanual Reporting Star￿ard applic3ble in the UK and
Republic of Ireland.; and
have been prepared in accordance wth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial stalemenls section of our report. We are independent of the
charitable company in accordance wth the ethical requirements Ihal are relevant lo our audit of Ihe financial
statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled OUT Other ethical
responsibilities in accordance with these requirements_ We believe that the audit evidence we have obtained
is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that Iruslees. use of the going concern basis of
accounting in the prepaTalion of the financial statements is appropriate.
Based on the work we have performed, we have not identffjied any material uncertainties relating lo events or
conditions that, individually or colleclively. may cast signtricant doubl on the charitable companvs ability lo
conlinue as a going concern for a period of at least hvelve months from when the financial slalemenls are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the
relevant sections of this report.
Other infomiation
The Iruslees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than Ihe financial statemellt5 and our Report of the Independent Auditors
Ihereon.
Our opinion on the financial statements does not cover the olher infomiation and, except lo the exlenl
otherwise explicitly slated in our report, we do not express any forni of aSSUrar￿ conclusion Ihereon.
In connection wlh our audrt of the financial stslements. our responsibility is to ￿ad the other information and,
in doing so, consider Y4helher the other information is materially inconsistent with the financial statements or
our kno￿edge obtained in the audit or olherwse appears lo be materially misstated. If we identify such
material inconsistencies or apparent malerial misslalements. we are required lo detem)ine vthelher this gives
rise lo a material misslalemenl in Ihe financial stalemenls themselves. If. based on the work we have
performed, we conclude thal there is a material misslalemenl of this other information, we are required lo
report that fact. We have nothing lo report in this regard.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BRANCH TRUST. CHIPPING NORTON (CIO)
Matters on which we are r9quired to report by exception
We have nothing lo report in respect of the following malters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you rf, in our opinion:
the information given in the Report of the Trustees is inconsistent in any material respect with the financial
slalemenls., or
the charitable company has not kept adequate accountiThJ records,. or
the financial slalements are not in agreement wth the accounb.ng records and returns., or
we have not received all the infomialion and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibiltties, the trustees {who are also the directors
of the charitable company for the purposes of company lawl are responsible for the preparation of the
financial statements and for being satisfied Ihal they give a true and fair view. and for such internal control as
the Iruslees determine is necessary to enable the preparatson of financial slatemenls that are free from
material misslalement. whether due to fraud or error.
In preparing the financial slalements, the Iruslees are responsible for assessing the charitable ¢ompanls
ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using
the going con￿rn basis of accounting unless the trustees either intend lo liquidate the charitable company or
lo cease operations, or have no realistic altemalive bul lo do so.
Our responsibilltles for the audlt of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whelhei Ihe financial slalemenls as a whole are free
from material misstalemenl, whether due lo fraud or error, and lo issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) wll always delecl a material misstatement when it exists.
Misstatements can arise from fraLEd or error and are considered material if, individually or in Ihe aggregate,
they could reasonably be expected lo Influen￿ the econofflic decisions of users taken on the basis of these
financial statements.
The extent lo which our pr￿edureS are capable of delects.ng irregularrties. ir￿lUdIng fraud is detailed below..
We gained an urKlerstanding of the legal and regulatory framework applicable to the charity and the field in
which il operates, and considered the risk of acts by the charity that were contrary lo applicable laws and
regulations, including fraud. We designed audit procedures lo respond lo the risk, recognising that the risk of
not delecling a material misslalement due lo fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve delibefale concealment by. for example. forgery or intentional misrepresenlalions,
or through collusion.
Vve f￿ssed on laws and regulations which C£MJld gNe rise lo a material misslatemenl in the financial
slalemenls, including, bul not limited lo. the Charities Act 2011 and UK charity legislation. Our tests included
agreeing the financ￿4 statement disclosures lo underlwng supporting documenlalion, enquiries wth
management and enquiries of legal counsel_ There are inherent limitat￿on$ in the audit prO￿dureS described
above and, the further removed non40mplian￿ with laws and regulations is from the events and transactions
reflected in the financial slalemenls, the less likely we would become aware of it. We did not identify any key
audit matters relating lo irregularities, including fraud. As in all our audits, we also addressed the risk of
management override of internal controls, including lesling journals and evaluating whether there was
evidence of bias by the direclors that represented a rtsk of malerral missialement due lo fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al wMv.fr¢.org_uklaudilorsresponsibililies. This descriplion forms part of our
Report of the Independent Auditors.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BRANCH TRUST, CHIPPING NORTON (CIO)
Usg of our report
This report is made 501ely to the charitable compaTrls trustees, as a bc*Jy. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit y￿rk has been undertaken so that we might
slate to the charitable companvs trustees those matters we are required lo stale lo them in an auditors, report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo
anyone other than the charitable company arwj the charitable company's Iruslees as a b(xJy, for our audit
work, for this report, or for the opinions we have fomied.
Bronsens
Chartered Certified Ac¢ounlants
Sialulory Auditors
ESigible lo acl as an auditor in lernis of Section 1212 of the Companies Act 2006
Eden House
Two Rivers Business Park
Wilney
Oxfordshire
OX28 4BL
17 October 2024
Page 9

THE BRANCH TRUST. CHIPPING NORTON (CIO)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted Designated
funds
Fijnd
Restricted
funds
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
146.344
976.546
42.322
1.165,212
1,985,302
Trading and SF)onsorship
Investment income
24.815
15.000
39.815
46,132
46,125
3,904
Total
192.469
1.001,368
57,322
1,251.159
1,989,206
EXPENDITURE ON
Raising funds
6.385
6,385
8.983
Charitable activities
Charilable activities
22.686
8.640
78.103
109.429
44,329
Other
68,285
32
73
68,390
34,787
Total
97.356
8,672
78,176
184,204
88,099
NET
INCOMEIIEXPENDITURE)
Transfers between funds
95.113
1200)
992,696
120,8541
2LK)
1,066,955
1,901,107
Net movement in funds
94,913
992.696
{20,654)
1.066,955
1,901,107
RECONCILIATION OF
FUNDS
Toial funds brought forward
70.gXI
3.521,567
111.421
3.703,888
1,802,781
TOTAL FUNDS CARRIED
FORWARD
165,813
4,514.263
.767
4.770,843
3,703,888
The notes fomi part of these financial statements
Page 10

THE BRANCH TRUST. CHIPPING NORTON (CIO)
BALANCE SHEET
31 DECEMBER 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unreslricled Designated
funds
Fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
3,425,482
3,428.082
1,218,367
CURRENT ASSETS
Debtors
Cash al bank
13
76,613
1,119,384
15,000
75,767
91,613
1,361,927
93,496
2,483,235
166,776
166,776
1,195.997
),767
1,453,540
2,576,731
CREDITORS
Amounts falling due wthin
one year
14
13,5641
{107,2151
(110,7791
(91,2101
NET CURRENT ASSETS
163,212
1.088,782
90,767
1,342,761
2.485,521
TOTAL ASSETS LESS
CURRENT LIABILITIES
165.812
4,514,264
90,767
4,770,843
3,703,888
NET ASSETS
165,812
4,514,264
.767
4,770,843
3,703.888
FUNDS
Unreslricled funds
Restricted funds
16
4.680,076
90,787
3,592,467
111,421
TOTAL FUNDS
4,770,843
3,703,888
The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 December 2023.
The members have not deposited notice. wrsuanl to Section 476 of the Companies Act 2006 requiring an
audit of these financial slalements.
The Iruslees acknoTMedge Iheir iesponsibilities for
lal
ensuring that the charitable company keeps accwnting records that comply Tr+Vith Sections 386 and 387
oflhe Companies Acl 2006 and
preparing financial slalemenls which give a true and fair view of the slate of affairs of the charitable
company as al the end of each financial year and of its surplus or deficit for each financial year in
accordance wlh the requirements of Sections 394 and 395 and which olhewse comply with the
requirements of the Companies Act 2006 relating lo financial stalemenls, so far as applicable to the
harilable company.
Ibl
These financial statements have been audited under the requirements of Section 145 of the Charities Act
2011.
The financial slalemenls were approved by the Board of Tnjstees and authorised for issue on
17 October 2024 and were signed on ils behalf by=
The notes form part of these financial slalemenls
Page 11
continued...

THE BRANCH TRUST. CHIPPING NORTON ICIOI
BALANCE SHEET- continued
31 DECEMBER 2023
r B W V Rees- Twstee
The notes fomi part of these financial statements
Page 12

THE BRANCH TRUST, CHIPPING NORTON (CIO)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
31_12_23
31.12.22
Notes
Cash flows from operating activities
Cash generated from operations
943,614
1,988,761
Nel cash provided by operating activities
943.614
1,988,761
Cash flows from investing activities
Purchase of tangible fixed asseis
Interest received
12,212,015)
46,132
1445,4971
3,￿4
Nel cash used in investing activtties
12,165,883)
1441.5931
Cash flows from financing activities
New loans in year
100,961
Net cash provided by financing aclNilies
100,961
Change in Cash and ￿sh equivalents
In the reporting period
Cash and cash equivalents at the
beginning of the reporting period
{1,121,308)
1,547,168
2,483.235
936,067
Cash and cash equivalents at the end
of the reporting period
1,361,927
2,483,235
The notes fomi part of these financ￿1 statements
Page13

THE BRANCH TRUST, CHIPPING NORTON {CIO)
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.23
31.12.22
Net income for the reporting period {as per the Statement of
Flnancial Activities)
Adjustments for..
Depreciation charges
Interest received
Decrease in debtors
(Decreaseyincrease in creditors
1.066.955
1,￿1,107
2,300
{46,132)
1,883
181,3921
599
{3,9041
21,058
69,901
Net cash providod by operations
943,614
1,988.761
ANALYSIS OF CHANGES IN NET FUNDS
A11.1.23
Cash fiow
A131.12.23
Net cash
Cash al bank
2,483.235
{1.121,308)
1,361,927
2,483,235
(1,121,308)
1,361.927
Debt
Debts falling due wrthin 1 year
1100,961)
{100,9611
{100,9611
1100,961 }
Total
2,483.235
{1.222.269}
1,260,966
The notes fom) part of these financpl statements
Page 14

THE BRANCH TRUST. CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit enlily under FRS 102,
have been prepared in accordance wlh the Charities SORP IFRS 1021 'Accounling 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 IFRS
1021 leffeclive 1 Janijary 2019}', Financial Reporting Standard f02 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial sl8lemenls
have been prepared under the his1or￿al cost ￿nventIOn.
Income
All Income is r￿gnised in the Stslement of Financial Activit￿S once the charity has enlillemenl lo the
funds, it is probable that the income will be receNeiJ and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation
committing the charity lo that expenditure. it is probable that a transfer of economic benefits wll be
required in selllement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classrfied under headings that aggregate all cost
related lo the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consislenl wth the use of resources.
Tangible fixed assets
Depreciation is provided at the followng annual rates in order to swile off each asset over its estimated
Useful life.
Computer equipment
Siraighl line over 3 years
Taxation
The charity is exempl from corporation tax on ils charitable aclivilFes.
Fund accounting
Unreslricled funds can be used in accordance wlh the charrtable objectives al the discretion of the
Iruslees.
Restricted funds can only be used for particular restricted purposes wlhin the objects of the charity.
Restrictions arise when specified by the donor or when funds are raiseij for particular reslricled
purposes.
Further explanation of the nature and purpose of each fund is induded in the notes lo the financial
stalemenls.
Pension costs and other post-retirement benefits
The Chafilable company operates a defined contsibulion pension scheme. Contributions payable lo the
charitable companls pension scheme are charged lo the Slalement of Financial Activities in the
period lo which they relate.
Page 15
continued...

THE BRANCH TRUST, CHIPPING NORTON (CIOI
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 DECEMBER 2023
DONATIONS AND LEGACIES
31.12.23
31.12.22
Gifts and donations
Grft aid
Grants
658,104
19,198
487.910
1,518,548
17,735
449,019
1.165,212
1,985,302
Grants received. included in the above, are as follows".
31.12.23
31.12.22
Sl Marfs Church PCC grants
Redevelopment grants
Architectural Heritage Fund grants
Esmee Fairbairn grant
Oxfordshire Community Foundation grants
Wesl Oxfordshire DC grants
Good Food Oxfordshire grants
NPT Transalanlic grants
Laing Family Trust grants
Thrive Oxford grants
PYE Charitable Setuement grants
Robert McAlpine Foundation grants
Oxfordshire Community & Voluntary Action grants
Chipping Norton Town Council grants
ACTS435 grants
Oxfordshire County Council granls
796
232,500
50,198
10,000
24.330
44.991
425.250
10,750
5,100
2,919
5,OCH)
100,000
391
2,500
15,000
4,000
1,600
1,345
259
487.910
449,019
TRADING AND SPONSORSHIP
31.12.23
31.12.22
Sponsorships
39,815
INVESTMENT INCOME
31.12.23
31.12.22
Deposit account interest
46,132
3,904
Page 16
nlinued...

THE BRANCH TRUST. CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
RAISING FUNDS
Raising donations and legacies
31.12.23
31.12.22
Staff costs
Fundraising costs - advertising and promotional
Fundraising expenses
200
5,300
885
3,529
5,025
429
6,385
8,983
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Charitable acts"vilies
109,429
SUPPORT COSTS
Governance
costs
Other resources expended
68,390
NET INCOMEI{EXPENDITUREI
Nel incomellexpenditurel is slated after charginWlcredilingl'.
31.12.23
31.12.22
Auditors. remuneralion
Depreciation - owned assets
3.750
2,300
599
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslee5' remuneration or other benefits for the year ended 31 De￿mber 2023 nor for
the year ended 31 December 2022.
Trustees. expenses
There were no trustees. expenses paid for the year en¢Yed 31 December 2023 nor for the year ended
31 December 2022.
Page 17
continued...

THE BRANCH TRUST. CHIPPING NORTON ICIOI
NOTES TO THE FINANCIAL STATEMENTS- continuad
FOR THE YEAR ENDED 31 DECEMBER 2023
10. STAFF COSTS
31 12.23
31.12.22
Wages and salaries
Other pension costs
121,368
2,779
48,968
400
124,147
49,368
The average monthly number of employees during the year was as follows..
31.12.23
31.12.22
Outreach workers
Adminslralion
No employees received emoluments in excess of £60,0(K).
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled Designated
fund
Fund
Restricted
funds
Total
fund$
INCOME AND ENDOWMENTS FROM
Donations and legacies
66.901
1.892,489
25,912
1,985,302
Investment incom8
3.903
3,904
Total
70,804
1,892.4
25,912
1,989,206
EXPENDITURE ON
Raising funds
4,347
4,636
8,983
Charitable activitles
Charitable aclivilies
2,272
42,057
44.329
Oiher
18,399
8,573
7,815
34,787
Total
25,018
8,573
54,508
88.099
NET INCOMEIIEXPENDITURE)
Transfers between funds
45,786
20,313
1,883,917
130,001)
128,5961
9,688
1,901,107
Net movement in funds
66.099
1.853,916
118,9081
1,901,107
RECONCILIATION OF FUNDS
Total funds brought forward
4,801
1.667,651
130,329
1,802,781
TOTAL FUNDS CARRIED FORWARD
70.900
3.521,567
111,421
3.703,888
Page 18
continued...

THE BRANCH TRUST, CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 310ECEMBER 2023
12.
TANGIBLE FIXED ASSETS
lfflprovemenls
lo
Frfoperty
Fixtures
and
fittings
Freehold
property
Computer
equipment
Totals
COST
Al 1 January 2023
Additions
49),000
727,168
2.174,764
1.798
3,001
1,218,966
2,212,015
34,250
Al 31 December 2023
490.oc
2.￿1,932
34,250
4.799
3.430,981
DEPRECIATION
Al 1 January 2023
Charge for year
599
1,600
599
2,300
700
At 31 December 2023
700
2,199
2.899
NET BOOK VALUE
At 31 December 2023
4￿,0
2,901,932
33.550
2.600
3,428.082
Al 31 December 2022
490,000
727.168
1,199
1.218,367
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.1222
Trade debtors
VAT
33,791
57,822
93,496
91,673
93,496
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other loans (see note 151
Trade creditors
Social security and other tsxes
VAT
Other creditors
100,961
8,086
1,101
84,971
5,339
900
631
110,779
91,210
15. LOANS
An analysis of the maturity of loans is given below..
31.12.23
31.12.22
Amounts falling due wthin one year on demand-.
Other loans
100.961
Page 19
continued...

THE BRANCH TRUST. CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS- continugd
FOR THE YEAR ENDED 31 DECEMBER 2023
16. MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
between
funds
At
31.12.23
A11.1.23
Unrestricted funds
General Fund
Designated Redevelopment Fund
Operational costs and salaries
70,900
3,521.567
94,298
992,697
814
1200}
164,998
4,514,264
814
3,592,467
1,087,809
12001
4,680,076
Restricted funds
Domestic Abuse Support Work
Outreach costs and salaries
Young People (Mental Health}
Christmas Hampers Fund
Ukranian Fund
VVODC Hardship Fund
Oxfordshire Community Foundation
Fund
Energy Crisis Fund
Branch Out Music
Community Chef
Branch Out Cook
Apprenticeship Ready Scheme
Connected Comunities
13,617
92,203
14,386}
(51,2041
19871
18491
1,917
18001
9,231
41,599
600
1.624
785
775
2,702
1.005
400
{1.0051
400
1,500
15,000
1,200
15,000
3,360
14001
400
1,500
15,000
1,200
15,000
3,360
111.421
{20,854}
200
90,767
TOTAL FUNDS
3,703,888
1.066.955
4,770,843
Page 20
continued...

THE BRANCH TRUST, CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
MOVEMENT IN FUNDS - continued
Nel movemenl in funds, induded in the alx)ve are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General Fund
Design81ed Redeveiopmenl Fund
Operational costs and salaries
178,877
1.001,368
13,592
184,5791
18,671}
(12,7781
94,298
992,697
814
Restricted lunds
Domestic Abuse Support Work
Outreach costs and salaries
Young People (Mental Health)
Christmas Hampers Fund
Ukranian Fund
WODC Hardship Fund
Oxfordshire Community Foundation
Fund
Energy Crisis Fund
Branch Out Music
Community Chef
8ranch Out Cook
Apprenticeship Ready Scheme
Connecle¢Y Comunilies
1,193,837
1106.028}
1.087,809
{4,3861
155,343}
19861
{6,5051
(4,000)
1800)
(4,3861
151,204)
1987}
18491
1,917
(800}
4.139
5.656
5,917
(1,005)
400
1,500
15.000
5,711
15.000
4,000
(1.0051
400
1,500
15,000
1,200
15.000
3,360
14,5111
(6401
57,322
{78,176)
120,854)
TOTAL FUNDS
1.251,159
1184.204)
1,066,955
Page 21
continued...

THE BRANCH TRUST, CHIPPING NORTON {CIO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
16.
MOVEMENT IN FUNDS- Contlnued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
Al
31.12.22
At1_1.22
Unrestricted funds
General Fund
Oesignaled Redevelopment FurKI
4.801
1.667.651
45.786
1.883,917
20,313
130,0011
70,900
3,521,567
1,672.452
Restricted funds
Domestic Abuse Support Work
Outreach costs and salaries
Young People (Mentsl Health)
CAF Canada Fund Outreach
salaries
CHK Foundation Grant Fund
Christmas Hampers Fund
Ukranian Fund
WODC Hardship Fund
Oxfordshire Community Foundation
Fund
Energy Crisis Fund
1,929,703
19,688)
3,592,467
15,500
95.577
11,883}
{3,0621
{13)
13,617
92,203
987
1312)
18.247
128,2471
151
1,624
785
10,000
1,624
785
1.005
400
1,005
400
130,329
{28,596}
9,688
111,421
TOTAL FUNDS
1,802,781
1,W1.107
3,703.888
Page 22
continued...

THE BRANCH TRUST, CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
MOVEMENT IN FUNDS- continued
ComparatNe nel movement in funds, included in the above are a5 follows..
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General Fun
Designated Redevelopment Fund
70,804
1,892,490
{25,018}
18,573}
45,786
1,883,917
1,963,294
(33,5911
1,929,703
Restricted funds
Domestic Abuse Support Work
Outreach Costs and salaries
Young People (Mental Health)
CAF Canada Fund for Outreach
salaries
CHK Foundation Grant Fund
Christmas Hampers Fund
Ukranian Fund
WODC Hardship Fund
Good Fooé Oxfordshire Fund
NPT Transauanlic Fund
Oxford5hire Community Foundation
Fund
Energy Crisis Fund
3,100
14,9831
13,0611
{131
11,883}
13,0621
(131
128,2471
151
{5,0901
19931
{1,2001
{2,9191
(5,001)
128,2471
151
1.624
785
8CH)
6.714
1,778
2,000
2.919
5,001
4,001
400
12,996}
1.005
400
25,912
154,5081
{28,5961
TOTAL FUNDS
1,989,206
188,0991
1,901.107
Details of ongoing funds and their purpose
DesignatBd Redevelopment Fund
Large and small grants, individual grfis including one4)ff and regular giving lo be used for the
redevelopment of 16 Market Place. This fund began lo be drawn down in 2021 arKJ it will all be spent
during main build phase which wll complete in 2024.
Domestic Abuse Support Work
Includes gifts from individuals Iwilh Grft Aid} an¢Y grants lo be Used to support Branch projects for
survivors of domestic vidence. Used for on-going projects.
Outreach costs and salaries
Includes gift5 from individuals and grants to cover sa18rie$ of Outreach workers and Outreach project
costs. Used for on-going projects.
Young People- Montal Health
A specffic grfl from a Trust to support better mental health and well-being in young people. Will be used
for future projects.
Christmas Hamper Fund
Includes donations for food vouchers and Christmas Hampers.
Ukranian Fund
Support for Ukranian families through language lessons. housing support and other direct support.
West Oxfordshiro DC Hardship Fund
Grant to be used to support residents ￿th f￿￿ and essential supplies.
Page 23
continued...

THE BRANCH TRUST. CHIPPING NORTON (CIO)
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 DECEMBER 2023
16.
MOVEMENT IN FUNDS- Continued
Oxfordshire Comrnunity Foundation Fund
Grant lo expand and continue the rarwJe of welfare operations and projects undertaken.
Energy Crisis Fund
A donation towards assisting faMil￿S wth rising fuel costs.
Branch Out Music
Projects lo help young people discover new music skills.
Community Chef
Sponsorship of the Community Kitchen al the Branch
Branch Out Cook
Healthy eating, budgeting and life skills course for young people struggling to enga9e with full time
education.
Apprenticoship Ready Scheme
Mentoring, equipping and inspiring yjung peotAe lo slep into apprenticeships and employmenl.
Connected Communities
Funds from Communities First Oxfordshire to provKle equipment for community based aclivilies.
RELATED PARTY OISCLOSURES
17.
The Branch Trust was formed out of the work of St Marls Church, Chipping Norton PCC Iregislered
charity no. 1132070}. The two chaiities have several Trustees in common. During Ihe period ended
31 December 2021. St Marls Church, Chipping Norton PCC received income of £634,639 and
expended £603,823 on behaK of The Branch Trust. These amounts were included in the accounts of
The Branch Trust for the period ended 31 December 2021. In the year ended 31 De￿mber 2022 a
donalion of £30,150, originally paid lo Sl Ma￿S Church. Chipping Norton PCC was transferred lo The
Branch Trusl. Dunng the year St ma￿$. Chipping Norton advanced £100,961, provided for cash flow
for the payment of build costs. The loan balance a131 December 2023 was £100,961. This loan was
interest free, had no fixed repayment dale and was unsecured.
The Chipping Norton Area Trust ICNACTI is another charity that has trustees in common wlh The
8ranch Trust. CNACT has received donations from parishioners intended for The Branch Trust. As al
31 December 2023. CNACT owed The Branch Trust £40.345112022 - £85.264}, which is included in
trade debtors.
Page 24

THE BRANCH TRUST, CHIPPING NORTON (CIO)
DETAILED STATEMENT OF FINANCIAL ACTNITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Donations and legacies
Gifts and donations
Gift aid
Grants
658,104
19,198
487,910
1,518,548
17,735
449,019
1,165,212
1,985,302
Trading and sponsorship
Sponsorships
Investment income
Deposil account interest
39,815
46,132
3,904
1,251,159
1,989,206
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Fundraising costs - advertising and
promotional
Fundraising expenses
200
3,529
5,300
885
5.025
429
6.385
8.983
Charitable actlvities
Wages
Pensions
Sundries
Course and craft resources
Food and hampers
Expenses paid by PCC
Storage costs
70,135
2,779
29,644
400
1,968
4,923
7,394
18,267
8,142
375
9,643
109,429
44.329
Support costs
Governance Costs
Wages
Auditors. remuneration
Insurance
Utilities
Telephone and internet
Postage and stationery
Sundries
Accountancy and legal fees
Subscriptions
Carried fo￿rd
51,033
3,750
790
332
935
162
2,697
2,500
174
62,373
15,795
9,909
613
84
68
1,417
2,400
50
30.336
This page does not fomi part of Ihe statutory financial staiements
Page 25

THE BRANCH TRUST. CHIPPING NORTON {CIO)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
31.12.22
Governance costs
Brought forward
Travel and subsistence
Computer and website costs
Staff training and grfts
Bank charges
Irrecoverable VAT
Fixtures and fittings depreciation
Computer equipment depreciation
62.373
101
3,469
1,347
126
11,326)
700
1.600
30.336
295
842
1,235
168
1,312
599
68.390
34,787
Tol81 resources expended
184,204
88,099
Net income
1.066,955
1.￿1,107
This page d¢)es not fomi part of the statutory financial statements
Page 26