REGISTERED COMPANY NUMBER: CE023723 (England and Wales) REGISTERED CHARITY NUMBER: 1191055 REPORT OF THE TRUSTEES AMD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR Tme BRANCH TRUST, CHIPPING NORTON (CIO) Brongens Chartered Certlfied Acc¢Juntsnts Slatulory Auditor5 Eden House Two Rivers Business Park Wilney Oxfordshire OX28 4BL THE BRANCH TRUST. CHIPPING NORTON ICIOI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page R•fvr•n¢e and Administratlv• D•tsllJ R•port of th• Trust• R•port of thfr Ind•p•nd•nt Audltors statsment of Flnanclal Actlvltle8 8alinc• Sh••t 10 10 11 Cash Flow Stst•m•nt 12 Note• to tho C••h Flow Stst•m•nt 13 Not95 to th8 Flnanclal 8tat•m•nts 14 to 23 Dotalled Ststsm•nt of Flnanclal Actlvltl 24 10 25 THE BRANCH TRUST, CHIPPING NORTON ICSO) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES Mrs E A E Kennedy Ire¥KJned 19.3.241 MTJDAShand Mr T R M WoolGwk Dr T W Simpson (resigned 21.10.24) MrB WVRees Mr N R A Gr8nl (resigned 21.5.241 Ms R Wnghl Ire81gned 27.9.251 Mr G A Povey Ms J C Loudon Mr A Min$on (appointed 22,7.251 Dr N C Levitt18ppolnted 22.7 251 REGISTERED OFFICE The Branch 16 Market Place Chlpping Norton Oxford$hire OX7 SNA REGISTERED COMPANY NUMBER CE023723 (England and Wale8} REGISTERED CHARITY NUMBER 1191055 AUDITORS eron8en8 Chartered Certified Accountants Slalulory Auditor8 Eden House Two Rivers Bu81ne88 Park wrtney Oxfordshire OX28 4BL CHIEF EXECUTIVE Mrs E A E Kennedy Page 1 THE BRANCH TRUST. CHIPPING NORTON ICIOI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial sts18ments of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102} {effective 1 January 20191. OBJECTIVES AND ACTIVITIES Oblectlv•s and alm5 The purposes of the CIO are. for the publlc benefft and In accordance ￿th the principles of the Chri5tlan farth.. To prov￿tr rellef and assi8tsnce to those in need by reason of their youth. age, ill-heath or di8ablllty, sod81 or ewnomic drcumslances, unemployment. bereavement or breakdown in relallonshlp8.' To develop the capacity and skills of those are socially and èconomically disadvantaged in Chipping Norton and the 8urrounding area in such a way that they are better able lo identify and help meet their needs and to participate more fully in society., To provlae facilbties in the interests of ¥oGial welfare for individual$ in Chipping Norton and the surrounding area who have need of such facilities by rea50n of their youth, age, infirmlly or dlsability. financial hardship or social circumstances ¥￿th the objeGt of improving their condition8 of Ilfe., To promote 8ocial inclusion by preventing people from becoming socially excluded, relievin9 thè nèed$ of those who are socially excluded and assisting them lo integrate into society, and for the purpose of this clause socially excluded means being excluded from ¥oGiety, or part of $ociety, as a re8uII of one of more of the following f8Ctor8.' unemployment.. financlal hardshlp., youth or old age,. ill heatth,. substance abuse or dependency in¢luding alcohtsl and drugs". poor edu¢3llonal or skills attalnment., relationship and family br8akdown', poor housing Ithal is housing that does not meet bas￿ habitable slandardsl,. Grime leilher 93 a victim of crime or 89 an offender rehabilll8llng into socletyl., Such other exclusively oharllable purposes as may from timé to lime be delermlned by the charity Iru8lees. Page 2 THE BRANCH TRUST, CHIPPING NORTON ICIOI REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Signlflcant a¢tlvltl•s In 2024, the Trustees identified two primary objecb'ves.. 1. To complète thè devèlopment of our new communlty hub, 'The Branch., and relocallng all exlstlng programme8 into the purpose-bulll facility and becoming fully operational Irom the new premises. 2. To dolivar and oxpand our Outreach Programmo, ansuring our work continues lo direcuy address the core charitable purposes as set out in our governing documents. l. Oèv•lopm•nt of 'Yhg Branch" Following the acquisition of 16 Market Place in 2019, The Branch Trust 5ucce&sfully secured the nece8sary funding lo undertake a full refvrbishmenl of the propety. Wnile completion was originglly anlicipaled for early Spring 2024, the project encountered delays, with formal handover taking place In May 2024 The completed bullding includ68 a community kitchen, crèche facilit'è8, a Ihèrapèutlc garden, and dedlcaled space for both support staff and gxtgmal partners-8tslulory and voluntsry.vtho wlbboral? wth us to deliver holistic community support. A8 of December 2024, a 5% relentlon of the lolal build cost remaln8 In plac8. pending the resolutlon of identified issues wllh the heallng and venti181ion systems. The project reached RIBA Stage 5 by year-end, wilh final account negotiations still ongoing. 2. Outroach Programme D•llvery 2024 marked a significant year for our Outreach Programme. Imlh the launch ol our new prgmises, we were able to expand our services and increase community engagement. An Impact Report on our acllvhles In the year Is available on our websllÈ al https'.1￿.1h81xanchtIu8l.0r￿lrnPaCI The relocation allow•d ug to reflne ond sc81? our programm• delivery, resulting In.. A notable threefold Incr8aye in the number of people acces8lng the Connect Calé help dg8k,' New strategic partnerships. including three additional collaborators who joined us shortly after opening., 2.442 Volunteering hours enabled., 202 Christmas Harnper8 were delivered, empowering lamllles to cook healthy meals on a budget.. - A 81renglhened ability lo seNe those mosl In need with compa551on, dlgnity. and practlcal support. Publlc benèfit Ensurlng wo m•èt our •lm# The Trustèes undertake an annual review of the Trust's aim8, oblectsves, and actlvlfjes to a88e89 the effectiveness ol our work and ensure continued alignrnenl wllh our charitsble purpose8. Thi8 review proce88 is inlomied by the Charity Commission's general guidance on publlc benefit. Key conslderallons include.. How each activity conlribules lo our mission., The measurable ImpaGI on the individuals and Gommunilies we serve., Ongoing relevance and responsiveness to local needs. Through this process, the Trustees are confident that all activities undertaken in 2024 fijrthered our charitable alms and delivered tangible public beneflt. Page 3 THE BRANCH TRUST. CHIPPING NORTON ICIOI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT A¢hSgvgmonts and perlormanco Charitabl• activities 2024 was a year of both con801id81ion and Iran8formalJ'on. Gov•mance and Loadgr$hlp Our Board of Trustees has demonstrated robust leadership throughout the build and transition period. Wllh the construction phase now largely complete, we have moved from a schedule of monthly meetings focused on the build, to a new governance structure comprlsing quarterly board meellngs and four addilional Strateg￿ planning sessions per year. We have ylrenglhened our govemance framework by.. Conducllng annual govemance and risk reviews,, Holding an annual away day with external facilitation to refied and plan., Building effective gyslem$ for oversight and accountability. ile delays lo the building's handover were Iruslraling, in hindsight, the additional lirne enabled us lo 801idify operallonal procedures, enhance govemance slruclures. and foster stronger Collaboration Internally and oxlemally. Op•iatlon*l Impact The staff team wa6 slrenglhened with new ¥laff appointment$, including a Facilitie¥ Coordinator lo overse day-lo-day operations and a Finance Mana9er lo support Ihe implementation of our operational budget. The official openlng of The Branch In September 2024 was a major milestone. The now facllSty ha8 already demonslraled ils value, both as a welcoming community space and a cataly81 for growth. Within weeks, we saw.. - A Sharp increase In 8ervlce uptake., Enhanced collaboration with local organisaliong We ¢lo$e 2024 with a cornmitted and energ18ed team, unlted around a ghared vlsion.. lo build hope, foster ¢onn8Ctlon, and empower Iransfomiallon In the lives of Ih08e we seNe. In and exclllng year. The Branth ha$ already bggun lo fulfil it¥ promise 88 a vlbranl community hub. Finan¢i*l Mvi•w Flnanclal po8ltlon During the year the ch8rily has raised £984k towards capllal and eommunity prolects. Al 31 December 2024, lolal funds glood al £5.442m, made up of unre51ricled lunds of £144k, designated unreslrlcted fund8 of £5,225k (including (he Branch buildin9 al £5,194kl and reylricled funds of £73k. Re8•rie8 pollcy The Trustees stlpulate that the CIO needs lo hold three maln reSe￿e8, Redevelopment, the General Fund and Restricted Funds. 11 Deslgnat•d Rgdo¥elopm•nt.' To build up adequate reserve5 for the rèdevelopment of the Branch building. The rèseNes are hèld in a Designated Development fund and al Ihe end of Decgmber 2024, this fund had reserves of £5,225k the maionty of which had been spent on build costs. 21 Goneral Fund: The reserves policy for the General FLbnd Is lo tsrgel hold beiween th￿e and 8ix monthg of operational expenses in cash or liquid funds, to provide financial security against dips in monthly income. These reserves are held In the unreslricled General Fund, and al the end of December 2024. thi8 fvnd held £144k, equivalent lo appfoximalely seven month8 of expected operating expenses. 31 R•strictsd Funds". Funds received for specific purpoges, either build related or charity operational. Al the end of De￿mber 2024, these lund8 hel(1 £73k. to be spent for Specific purposes. Page 4 THE BRANCH TRUST, CHIPPING NORTON ICIOI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE ANO MANAGEMENT Gov¢rnlng document The Branch Trust is incorporaled under the Charitable Incorporated Organis31ions Regulations 2012 and 18 controlled by 115 goveming document, a deed of tru81 dated 27 Augu81 2020. Charitable adivilies commenced on th81 dale Racruitsn•nt and appointmont of now trust••s New Iru51ees are 8elecleLI by the exi51ing Board of Trustees accordlng lo the skllls, knowled9e and experiencè needed for the effectlve adminlslralion of the CIO. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of The Branch Trust, Chipping Norton ICIOI for thè purp08e8 of company law) are responsible for P￿ paring the Report of the Trustees and the financial glalements in accordance wSlh applicable law and United Kingdom Accounting Standards (United Kingdom Geneially Aecepled Accounting Practice) including Financial Reporting Slgndard 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees lo prepare financlal statements for each financial year which give a true and fair view of the Stale of affair5 01 the charitable company and ol the incoming resources and application of resources. includlng the income and expenditure, ol the charitable company for that period. In Pfeparing th088 Ilnanclal statements, the Iru8tee8 8re required lo select suitable accounllng policies and then apply them consist6ntty', observe the methods and principles in the Charity SORP,, make lud9emenl$ and e81im81es th81 are reasonable 8nd prudent., slate whether applic8ble accounting 81andards have been followed. 8ublect to any materfal dèparture8 dl$Glosed and explained in the financial stalement$,' prepare the ffinancial ¥tatements on the going concem basis unless il is inappropriate to Presume that the charitable ¢omp8ny wll continue In bu¥ine8$. The Iru8teeg 8re ￿SponsIble for keeping proper accounllng records which disclose wFth reasonable a¢cuTacy at any lime the fi'nancial p0811ion ol the charitable company and lo enable them lo ensure Ihat the financial 8tslement8 comply wlth the Companie8 Act 2006. They are also responsible for safeguarding the a¥8els of the charflable company and hence lor taking reasonable 8lep8 for the prevenllon and deleclion of fraud and olher irregularities. In $0 far as the Iru¥le05 are aware.. there is no relevant audit information of whiGh the charitable ￿mP¥ny,$ audf(ors affj unaware,, and the Iru51ees have taken all steps Ihal they ought lo have taken lo make themselves awarè ol any ielevanl audit inlormats'on and lo establish that Ihe auditors are aware of that inlormalion, AUDITORS The auditors. Bronsens, will be proposed for re-appolnlment al the next Truslees, Meetlng. Report of the 1ru8lee8, incorporating a strategic report. approved by order of the board of Iruslees, as the company directorg. on 20 October 2025 and signed on the board's behalf by.. Mr B WV Reos- Ttustee Poge 5 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE 8RANCH TRUST. CHIPPING NORTON ICIOI Opinion We have audlted the financial statements of The Branch Trust, Chipping Norton ICIOI (the 'charitsble company'l for the year ended 31 December 2024 which comprlse the Statement of Financial Acb"vltSes, the Balance Sheet, the Cash Flow Slalemenl and notes to the financial slalemenls, including a summary of Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunrted Kingdom Generally Accepted Accounung Praclicel, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial slalemenls.. give a true and fair view ol the 9ts1e of the charitable company's affairs a8 al 31 December 2024 and of its incoming resources and application ol resources, including ils income and expenditure, for the year then ended., have been properfy prepared In accordance wth United Kingdom Generally Accepted Accounting Practice, includlng Financ181 Reporting Standard 102 'The Financlal Reportlng Standard appllcable the UK and Republic of Ireland,; and have been prepared in aG¢ordan¢e vhth the requirem9nts ofthe Compani8$ Act 2006. Ba#18 lor oplnlon We conducted our audlt in accordance with Inlemalional Standards on Audfting IUKI IISAS IUKII and applicable law. Our re8pon8lbililies under those stsndards are further descrlbed In the Auditors, re8ponsibililieg for the audit of the financial statements section of our r&port. We are independent of the charrtable company in accordance with the ethical requirements that are relevant lo our audll of the financial statements in the UK, Including the FRC'S Elhlcal Standard, and we have fulfilled our other ethical responslbilities in accordance with Ihege requirements. We believe that tha audll évldance we have obtained 15 Bufficienl and appropriatè lo provifje a basis for our opinion. Conclu•lon• rgl•tlng to golng ¢onGgrn In auditing th8 financial slalemenls. we have concluded that the trustees, use of the going concérn b8$i8 of accountsng in the preporalion of th? financi818lalements 18 approprigte. Based on the work WÈ have performed, we have not identified any material un¢¢rtalntie$ relatlng lo events or conditions that, indlvidually or collectively, may cast significant doubl on the charitable compariy'5 abillly to Continue as a going coneem for a period of al least twelve months from when th8 financial statements are authorised for i88ue. Our responsibililles and the respon8ibi15lle8 of the IrusleÈs with respect lo going GonGefn are degcribed in th8 relevant sections of thig ￿pOrt. Othor Infomi•tlon The Iruslees are responsible for the other Information. The olh&r informallon comprl8e8 the infom?alion included in the Annual Report. other than the financial $lalements and our Report of the Independent Audilor$ Ihereon. Our opinion on the 1Snancial statements does not cover the other inlormatlon and. except lo the extent othe￿iSe explicitly staled in our report, we do not express any form ol assurance conclusion thereon. In connection with our audit of the linancial slatemenls, our responsibility is lo lead the other informatson and, in dolng so, consider whether the other Information Ss materially inconsistent with the financial Statemanls or our knowledge obtsined in the audit or Othen￿lse appe8rs to be materially mi851aled. If we idenlfy $u¢h material inconsistencies or apparent material mi$slalemenls, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, ba9ed on the work we have performed, we Gon¢lude that there is a material misslalemenl of this other informallon, we are required lo report that faGI. We have nothing lo report in this regard. Pagg 6 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRANCH TRUST, CHIPPING NORTON (CIO) Matt•r8 on whlch w• are requlred to roport by ex¢eptlon We have nolhlng lo report in respect of the following mallers where the Chari118s (Accounts and Reports) Regulations 2008 requires us to report lo you if, in our oplnlon.. the information given in the Report of the Trustees is Inconsistent In any malerbal re8peet with the financial slalements.. or the charitable company has not kept adequate accounting reccfds", or the financial slalemenls are not in agreement ¥Mth the accountin9 records and returns,. or we have not received all the infom)alion and explanations we require for our audit. Responslbllltles of trustee As explained more fijlly in the Statement of Tru$lees' Responsibilitses. the trustee$ (who are also the directors of the charitable company for the purposes of Company lawl are responsible for the preparation of the financial stslemenls and for being satisfied that they give a true and fair view, and for Such Internal control as the trustees delerniine is necessary lo enable the preparation of financial slalemenls Ihat are free from material misstalem8nl, whether due lo fraud or error. In preparlng the financial 8tslemenls, the Iruslèes are regponslble for asse885ng the charflable company's ability lo continue a5 a going concern. di8closing. as applicable. mallers related lo going concern and uslng the going concern basis ol a¢￿Untsng unless the Iruslees either Intend lo Ilquklale the chadtsble company or lo cease operations, or have no realistic allemative but lo do 80. Our r•Bpon8lbllltle8 for tho audlt of the flnanclal Stalaments We have been appointed as auditors under Section 144 of the Charib'es Act 2011 and report in aG¢ordance with the Act and relevant regulations made or having effect Ihereunder, Our objectives are lo obtain rea8on8ble assurance al)oul whether the fi'nanclal slalemenls as a whole are free from material mi5Stalemenl, whether due lo fraud or error. and lo Issue a Report of the Independent Audrtors that includes our opinion. Reasonable assurance 18 a high level of assuran¢e, bul is not a guarantee that an audit Gonducted in accordance with ISA8 IUKI will always delect a material misslalemenl when il exlsls. Ml¥8lalemenl$ Can arlse from fr8ud or error and are considered material if, indivldually or in the aggregate. they could Teasonably be expected lo Influence the economlc deci8ion8 of user8 taken on the basis of these financial statements. The extent lo which our procedures are capable of delecllng Irregularbtleg, Includlng fraud18 detailed below.. We gained an understanding of the legal and regu￿alOry framework applicable lo the charlly and the field in which il operate$, and ¢on¥idered the risk of acts by the charty that were contrary lo applicable laws and regulations, Including fraud. We designed audit procedure5 to respond to the risk, rewni$ing that the risk of not delecling a material mis51alemenl due to fraud is highgr than the rlsk of nol delecung one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional mlsrepre8ent8llons, or through Collusion. We focussed on laws and regulations vthich could give rise lo a material mi55talement In the fi'n4ncial statements, Sncluding, but not limited lo, the Charitie6 Act 2011 and UK charity legislation. Our lesls Included agreeing the financial Stslemenl disclosures lo underfying supporting documentation, enquiries with management and enquirie5 of legal counsel. There are inherent limitations in the audit procedures described above and. the further removed non-compliance with law5 and Tegulalion8 is from the events and Iransactlons reflected in the finan¢iÈl slalemenls. the le¥$ likely we would become aware of it. We did nol idenlrfy any key audit matters relating lo irregularities, including fraud. As in all our audits, wg also addressed the risk of management override of internal controls. including lesling journals and evaluating whether there was evidence of bia¥ by the directors that repr&$enled a risk of material misstslemenl due to fraud. A fvrther description of our Tespon5ibililies for the audit of the financial ststemenls is located on the Flnanclal Reporting Council'5 website al www.frc.org.uklaudilorsre$pc*n$ibilili¢s. This description forms part of our Report of the Independent Auditors. Page 7 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRANCH TRUST, CHIPPING NORTON (CIO) U#8 of our r•port This report is made solely lo the charitsble company's trugtses. as a body, in accordance with Part 4 of tho Charrties IAccoun18 and Reports) Regulations 2008. Our audrt work has been undertaken so that we might stale lo the charitsble ¢ompany's trustees those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fullest extent permrtted by law. we do not accept or assume responsibilty lo anyone other than the charrtable company and the charitable company's trustees as a body, for our audrt work. for Ihis report, OT for thg Opin￿n8 wg havè fomigd. Bronsen5 Chartered Certlfied Accountant8 Slalulory Audllor8 Eligible to act as an audrtor in terni8 of Section 1212 01 the Companies Act 2006 Eden House Two River8 8usinèss Park Wilney Oxfordshire OX28 4BL 20 October 2025 Page 8 THE BRANCH TRUST. CHIPPING NORTON ICIOI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total fund8 31.12.23 Total fund8 Unreslricled Designated funds Fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 131,213 662,435 84,706 858.354 1,165,212 Trading and sponsorshlp Investment income 27,807 47,606 49,800 77,607 39,815 1,200 Total 206 626 712,235 1,251 159 EXPENDITURE ON Raising funds 23.073 9,436 32,509 6,385 Charitable activltlo• Charilable aclivilieg 47.452 71.381 118,833 106.6SO Other 125 987 161 738 Total 198.512 313078 NET INCOMEI{EXPENDITUREI Tranof•rn betw••n fund• 10,114 317761 676,695 {15,1201 671.689 1.066,955 18 Net movem•nt In fund• 121,6621 710.810 117,459) 671,689 1,066,955 RECONCILIATION OF FUNDS Total funds brought forward 165.812 4,514,264 90,767 4.770,643 3,703,888 TOTAL FUNDS CARRIED FORWARD 144,150 5 225 074 5 442 532 4 770 843 The notes fomi part of these financial ststemenls Page 9 THE BRANCH TRUST, CHIPPIMG NORTON ICIOI BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total fijnds UnreslrKted Designated fund¥ Fund Restricted fund8 Notes FIXED ASSETS Tangible assets 12 1,880 5,194,171 5.196,051 3,428.082 CURRENT ASSETS Debtors Cash 01 bank 13 2,154 150 185 6,469 66,838 8,623 400,309 91,613 1.361,927 183,286 152,339 183.286 73.307 408.932 1,453.540 CREDITORS Amounts falling due wilhin one year 14 110,0681 1152,3831 1162,451) {110,779) MET CURRENT ASSETS 142 271 246 481 1342 761 TOTAL ASSETS LESS CURRENT LIABILITIES 144.151 5,225,074 73.307 5,442.532 4,770.843 NET ASSETS 144.151 5 225 074 5 442 532 4.770,843 FUNDS Unre8lricte¢J funds Re8lricled funds 18 5.3e9,225 4,680,07e TOTAL FUN08 5 442 532 4 770 843 The charrtable company18 enlllled lo exemp￿0￿ from audit under Sectlon 477 of the Companles AGI 2008 for thé ygar ended 31 Deeémbèr 2024. The members have not deposlled nollce, purguant lo Section 476 of the Compan+es Act 2006 requirfng an audtt of these financial slalemenl8. The INslee8 a¢knO￿edge their responsibilities lor lal ensurin9 that the charitable company keeps accounting records that comply SectKJns 386 and 387 of the Companies Act 2008 and Ib} p￿parIng financial statements whlch glve a true 8nd fair vlew ol the slate of 8ffair$ of the ¢harllabLe company as al the end of each financial year and of rts surplus or deficit for each fi'nancial year in accord8nce wth the requiremen18 of Section9 394 and 395 and which otherwise comply wlh th• requirements of the Companies Act 2006 relating lo financial slalemenls, so far as appli¢able lo the charitable company. These financial slalemen15 have been 8udiled under the requiremen15 of Section 145 of the Charities Act 2011. The notes form part ofthese financial 51alemenl$ Page 10 continued... THE BRANCH TRUST, CHIPPING NORTOI4 {CIOI BALANCE SHEET- contlnu•ql 31 DECEMBER 2024 The financl81 statements were approved by the Board of Truste&8 and authOri￿d for issue on 20 October 2025 and were 8ign8d on its behalf by.. Mr B W V Ree8 - Trustee The notes form part of these fln8nci818tatements Page11 THE BRANCH TRUST. CHIPPING NORTON {CIOI CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Notes Ca#h flows fr