Charty No.. 1195535
THE SPURGEON OAKLANDS
CHARITABLE TRUST
Report and
Flnanclal Statements
Forthe year ended
31 December 2023

Tho Spurgeon Oaklands Charltable Trust
Tw$ts85' Report for the year ended 31 Docembw 2023
ststus and ObJe¢tivo$
The Spwggon Oaklands Charitable Truslllhe Twsfi was constituted by a trust dèed dated 31
May 1994 al￿ was registered tharty. nuThthr 1039625. Tr Charity B registered in England and
Wales.
At 1 January 2022 the Charty became a Charitabl8 IncorForal•J Organisalic+n {CIOI, number
1195535 when Ihe xlivities ￿ assets and liabilitss wefe taken t)ver.
The CIO'S athfess eonts.nues to be.. 32 Queens Road. Reading. Bertshire RG14AU.
Trustees
The Trustees who served in the year ended 31 D￿ember 2023. with subsequent chang8$, arg
a$ follows..
R D Higgs
Rev J C Fung
P J Nixon
C G Cobbold (resign￿ 29 August 2023)
CBJO
L C E8des
Those advising the CIO'S Trustees are..
Independent Exanlner
Heather ￿Tree￿o￿e of BDO LLP. Bridgewater House, Counlerslip,
Bristol, BS16BX
Field SeymoLff Pathes LLP. 1 London st￿1, Readiro. Berkshire.
RG14PN
Sollcftors
Structure. Govemanc8 and Management
The Spurgeon Oaklands Charbtable Trust was rwlered as a CIO on 16 August 2021 and
commenced operating from 1 January 2022 folowing the transfer of the activit￿ and assels and
liabilities of the regislered charty, number 103*25 of the same name wh￿h had been
constituted by trust deed dated 31 May 1994.
The Trustees continue to hold the orpJinal fund and Ihe inc41mè thérè from. for and upon the
followirKJ objects under the CIO Foundation ConstitUt￿n..
To kyovide resithntial acenmrrwJdakn f(Y ￿ Christian Ordained Mini5t8TS and lay
wrykers and their familEs by reason of their age. $￿kneSS. infimity. disabilty. poverty or
and eeonomic tsreumstances with primary cOn￿deTa￿)n being gNen (b￿ a￿vayS
withoth limitstion UFKJn the Trustees, abSol￿e (liscretionl to those nomin8ted by the
Retired Baptist Ministers H(yJsirKJ S(t*ty Liniled.
To provide financial assistance and surport by way of grant or otherwise upon such
lems as the Trustees shal in th￿r sole dBcretion consKler apprcpriate to stsch persons
as or were occupants of Oaklands lor any other pmperty forming part of the Trust Fund).
To hokl in Irusl, and mthe available. suvplus income each of the fdk)wing in the
prowrtions set opposite their names (txrt always without limitatK>n on the Trusl8es'
absolLrte discretion).
Regent's Park Baptist College. Pusey Street. Oxford
Spurgeon's Child Care, 30 Mill Street, Bedford
Spurgeon's College, South LoThJon
10%
10%
io%

The Spurgeon Oaklands Charitable Trust
Truste05' Report for tho year ended 31 DKomber 2023 (Continu￿
SINcture. Govomance and Management {continuedl
Suth charilabk purpose or purFoses as shau be n(￿l￿ated by the Preskjent for Ihe
lTrm8 being of..
The Baptist Union of Great Brilain
Southern c￿n(leS Baptist AsxKiatsc
West Midland Baptist Associalv)n
20%
No expenses were re1ml￿r5ed to the Truslees during this or preVic￿$ year.
No remuneralion was paid lo Ihe Trustees during thi5 or previous ye¥.
The CIO Foundab"on C(￿StItUt￿rI stiwlales that there shoukl a minimum of 5 Iruste8s. The
recrurtment of trustees follows an agreement as lo the Wefer￿d skllls refwired and then plans
are mad8 to approach suitable contacts. Thw8 are no current plans to wease the number of
trustees.
Rlsk a$sessment
The Trustees have examined t￿ major risks to wh￿b the CIO is exposed, in particul￿ those
related to the operalions and ffinan￿ of the CIO. The CIO thes not enter into Complex financing
arrangemenls or provide any guaranteas in or<ler to ensure that these wtential risk areas are
avoided. Thwe is no incentive on the TNstees to present a bk*d financial p￿ture.
There is a risk that an increase in bad debts and property VOKIS in the current finanaal situation
eouhy impact the CIO. The Trustees Mon1￿ vo*Js and rent payments to ensure that earty
warnings ar8 provided to enab￿ appropriate actions to be taken. As part of their wng concern
review the Twslees have stress lested this po￿kn11￿ arKI we confident that they have sufficienl
resources available.
There is a risk that uiereased regulatK￿$ may requwe increased sL￿dardS for housing
accommodation. The Trustees have a policy of reviewing the condits'on of each flat on changes of
tenant to undertake any ￿p￿ade work thal ap[￿a￿ lo be n￿eSsary. Thi5 shoukl reduce thbs risk.
Going Concem
The Trustees have considered whethw the cost of living crisis affects the going concem. The
Trustees believe that whilst there is ￿n￿rtaInty relatiThJ tr) the potential effecls the cost of INI
Cri5i5. this does not pose a material uncertainty on the CIO'5 8bilily lo continue a5 a going
ccfficern.
In September 2024 the CIO had approxynaldy £315,5￿ of cash available, approximately
£195,000 of wh** was available for pneral use. The remainder has been designated by the
trustees for the purposes as ouwined in note 11. The Trustees have prepared a stress lest and
this confirms that should no further income be receNed. the CIO ts able to meet its li8bililw as
they fall due for at kasl another 12 rnonths fr(￿ Ihe date of approval of the financial stalements.

The Spurgeon Oaklands Charltal)le Trust
Truste•s' R•port for the y•ar •nd•d 31 December 2023(continu￿)
Objectlves and Acti¥ill•s for the publk benefft
)wever posst*le the CIO atteThpts lo let the flats lo those who qualrfy within the charitable
oll'eclives ol the CIO. Following a review of Ihe crcumstsnces of the itKlividual tenants, modest
increase5 in rents were made. The tenant5 meet Ihe charitab18 04"eclNe$ of the CIO
onlinue to receive Ihe benefit of rents thal are well belrN mattet rates. The management
contribution lo the Oaklands {Rèadingi Managemenl Assooalh)n Limited (Management
Associalionl was £11.835 to cover routme mainlenar•ce, insurance elc. The CIO has
arrangements with the Management Association whereby the PAanaJement Association holds the
Head Lease for all flats and all the garages and the Mana9emenl AssocialiC￿ the Underlease
Seven flats are let lo the CIO under the terms of the Underlease. Service chaiges and outside
mainlenan¢e a￿ payable to the Manag￿Tren1 ASscWt￿n. who arr￿ge insurance cover.
Achl•v•m•nts and Perfornianc•
During the year all of the seven Ibts were let Al bul (wle are let on charitable tem￿. Surplus
income can be distributgd lo the specrfK chan.ttes as set out in the CIO FoundalKJn ConslitulKJn
8t the discretion of the Trustees. At a meeting in 2023 the Trustees res0￿ed lo make no
di$lribulions from 2023 dve lo the substsntwl eXpendit￿e made on refurbishing the empty flats.
Flnanclal Revlew and reserves pollcy
Tax Status: The CIO is exempt from tsxalton on income and caixtal gains lo the extent that lunds
are applied for Charitab￿ purposes. The CIO obtains ils inccme win¢ipalty from rents and frcffl
the premiums on lease extensions.
Reserves: At 31 December 2023 the Trustees have designated reserves of £1.616,774 12022."
£1,622,976} for the holdin9 of prL¥Jert*s to be C￿up￿d ty tenants who are retired full lirr
Christian workers let at such rents as their means make wactical, or where no charitable tenant
can be found the properties are let at full mart(et rent aKI garages ￿ to the Oaklands (Reading}
Management Association Ltd are at an agreed market rent.
The designated funds cornpiise the value of the original charitablo settlerr￿n1. the amount
realised from th8 premiums on lease extensions. and the Sufplus upon revaluat￿n and provisK)n
for replacement of assets. No fuTrJs are in deficit
The general reserves, exclLKling desKJnaied reserves. amountmg to £170.010 (2022.. £143,586)
are maintain8d at a level to enable the Trustees lo upw&Je flats 85 they become vawt so that
all are mantsined in a good state of repaw.
The Trustees reviewed the vaualKJn of the investment prDpertie5 fo51owing the valuation made in
2022 by Haslams. a fKm of Chartered Surveyors. The basis of valuation i8 Iheif existing use open
market value. The Trustees cons*Jer that the vahjalion c￿lIft￿ to be apwopriate.
In conshléring the diStribut￿n of fvnds ￿ accordance wilh the d)aritable ot4.ects of the CIO, the
trustees dec•Jed rK>t lo distribute any lund5 in 2023.
Related party transactions
Atl day to day management is undertaken by the Trustee5 using the Servi￿ of an external
charty administrator. No staff are &nployed.

The Spurgeon Oaklands Charltable Trust
Trustoes. Report for th• year endod 31 Decomb•r 2023 {c￿1n￿ed)
Plans lor Fulure Perlods
11 is hoped to recornmen￿ a pattern of annLFal distrbutions to the varK>us charilies specrfied in
the CIO Fovndalion Conststution in the future. No funds are hekl as cust(yJian trustee on beha
of others.
Trustses. responsiblliti¢$
The Trustees are resp)nsible ￿ preparing the Trustees. Report arml Ihe fin￿¢la1 $tatement$ in
accordanc8 with applicable law United ￿n9dc￿￿ Accounling Standards (United Kingth)m
Generally Accepted knounling PractKe).
Charity law applicable io charilies in England and W*5 requires Trustees to prepare
rinancial statements for each financial year wh￿h gNe a Irue and fair vie* of ihe state of affa*s of
the CIO and of the income and exFenditure. of the CIO for that p8rw)d.
In preparin9 these financial statements the Trustees are required to..
select suitable accwnb'ng polri8s and then appty them Q￿51$1entty.
observe the methods and principles in the CharIt￿S SORP IFRS 102):
make judgwnents and accounting estimates that are reasonable and prudent..
stste whether applicable UK acwunb.ng standard5 have t*en loP￿ed. subject lo any
material departures that must be di￿10$ed aThJ expkined in Ihe financk41 statements- and
prepare the financial stslemenls on the going concem b3515 unless 11 is inappropriate to
presLvne Ihat the CIO wll ¢(￿lInUe in ￿Ta￿t)n.
The Trustees are responsible for keepirvJ proper xcounting re￿rdS that di5¢1ose wtth
reasijnable accuracy at any lime the finanaal FKJSrtion of the CIO and enable them lo ensure that
Ihe financial ststements ccKnply with the Charities Act 2011. the apph"cable Charities (Accounts
and Reports) Regulations, and the provisions of the FourKlath)n Constrtution document. They are
also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps
for the preverblion and delect*)n of fraud and other Kregularities.
Sign8d on behaff of Ihe Trusle8S
R D Higgs
Trustee
Dale..
11 Iipl 2014

The Spurgeon Oaklands Charltsble Trust
Independent Examlnerfs Report to the Trustees ￿ The Spurgeon Oaklands Charltablo
Trust
I report to the trustees on my examinah'on of the ¥counts of the The Spurwn Oaklands Charitable
Trust fc* the year ended 31De￿r￿lel 2023. whth are set out C￿ pages 1 to 13.
This report is made SLgety to the charity's trustees. as a t￿. n xuxdance with Regulation 31 of
the Charities {Accounts and Repytsl Regulab.￿S 2008. My WO￿ has been undertaken so that I
might stale to the charity's trustees those rnattets l am requrtl to slate lo them in an independent
examinerfs report and for no other purwse. To Ihe fufesl extent permitted by law, I do not accept QT
assume reskK>nsibility lo anyone other the ¢hariVs trustees as a tody. for my work. for this
report, or for the statement I have made.
Rgsponslbilities and basis for rep
As Ihe charity trl￿lees cl the CIO you are respon$t4e for the preparation of the aeeounl$ in
aCCorda￿e with the requirements oflhe Charitss Ad 2011 fthe Acll.
I report in resF*Ct of my examinati(￿ of the CIO'S accounts carried out under sectK)n 145 of the Act
and in carrying out my exanination I have folk)w&J all the aF￿1￿b￿ Dwections giv￿ by the Charty
Commissi(m under section 145(51{bl of the Act.
Indgp•ndent ex•nln8r's SL￿•mOnt
I have completed my examination. I confirm that no material matters have come lo my attentK)n in
connection with the examination giving me cause to believe..
1. accwnting Tecords were not kepl in respect of the CIO as require(I by sedion 130 of the
Act.. or
2. the accounts do not accord wilh those reC￿d5. or
3. the a¢￿Unts do not ￿MplY wrth the accounting requirewenls of Seclion 396 of the 2¢X)6
Act other than any requirement that the accounts give a 'true and fair view which is not a
malter considered as part of an KKiependenl eX￿InatIon.. or
4. the accounts have not beeTr prepared in accordance with the methods and principles of
the Statement of Recommended Practsce for accounting and repth.ng by charities
(applicable lo charities preparing their accounts in aCCordar￿e with the Financk?I
Reporting Standard aFpIKable in UK Republic of Ireland (FRS 1021).
I have concern5 and have come ￿rosS ottw matters in connect￿n with the examination lo
whith attention should be drawn in thi8 rep)rt in ordef lo enable a prLwer understsnding of the
accounts to be reached.
Do¢Us*r￿ by..
Heather Wheelhouse ACA
BDO LLP
Bristol, UK
Dale. 14 October 2024

The Spuryeon Oaklands Char6tsble Trust
Slatem•nt of Flnanclal Actlvltles for the year ended 31 December 2023
General
fund
Deslgnated fundtr￿ 2023
Total
funds
2022
Total
funds
Settlement Replxement Revahjalion
fvnd
fund
fund
Income from:
Investment inc¢)me
Olh8r rental income
Bank interest- gross
32.799
578
32,799 30,944
578
33
33.377
33.377 30,977
Charitable xtivities
Rent from charitsble lets
26.628
26.628 30.401
26.628
26.628 30.401
Total Income
60.005
60.005 61.378
Expenditure on:
Charltable actlvltles
Grants (note 3)
Service charges
Ground rent
Repairs and refurbishment
Dep￿cIall0￿
IndeFend8nl 8xamin8r's lee
Secretarial a55iStance
Professional and other expensès
11.835
140
1.967
1.631
3.300
14.708
11.835 10,328
140
140
1.967 3,245
7.833
7,833
3.300 3,300
14.708 13.653
2,400
6.202
Total gxponditure
33,581
6.202
39.783 40.899
Gains on investment properties
50.000
Net lnc0mellexpendl￿r9}
26.424
(6,202) 20.222 70.479
Net mov8m•nt in funds
Fund balances at start of the year
26,424
143.586
16.202) 20,222 70,479
3.515 1.209.791 1,766,562 1,696,083
409.670
Fund balancos at end of the yèar
170.010
409.670
3.S1S 1.203,589 1,786.784 1.766,562
Nong of the CIO'S activths wer8 acwired or diSc(￿tinUed during the above two financial years.
The notes on pages 8 to 12 I￿ part of ts f*)ancial sts1￿)entS.

The Spurgeon Oaklands Charltable Trust
Balance Sheet at 310ec?mber 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investrnent property
1.104.504
400,Th)0
1.112.337
400,(K)O
1,504,504
1,512,337
Current assets
Cash at bank
2￿.036
262.109
2￿2.109
Credltors- amounts
falllng due wtthln one ye
7.756
7.884
Not current assgts
282,280
254.225
Totsl net assets
1.786.784
1.766.562
Unrestricted funds
General fund
170.010
143.586
Dosignalgd funds
1,616.774
1,622.976
Total funds
1.786,784
1.766,*2
These I￿ancIal 51alements were approved by the Trustee5 and authori5ed for issue c
X*..... and ggned on their tehalf by..
P J Nixon
Trusteè
The note$ on page$ 8 10 13 frym part of the financial slatements.

The Spurgeon Oaklands Charitable Trust
Not•s to th• financial stat•m•Thts for th• yw to 31 0￿Mb￿ 2023
Accountin9 policies
The following accounting p)licies have been adopted in dea￿n0 vnlh the items. which are
considgr8d malefial to the Trust's financial statements.
Basis of propar*ion
The financial statemerts have been prep3red urKler the historical cost convention ￿th
iiems recognised at cost of transxth)n value unless otherwise ststed in th& relev￿1
notes to these acctsjnts.
The financial stalements have been ￿¥epa￿d in aCcOrdar￿ wilh the Statew*nt of
Recommended Practice.. Accounting and ReWing by Charsties kyeparing their accounls
in accordance with the Financial Repthvj Standard applica)le m the UK and Republic
of Ireland IFRS 1021 issued on 1 January 2019 and with the Financial Reporting
Standard ap[l￿able in the UK and Republ￿ cl Ireland <FRS 102} and with the Charitiès
Act2011.
The ffinanaal ststemerts have been prepared lo gpft a ￿Ye and faif view and have
departed from the Charibes (Accounts and Reports) Regulath)ns 2W8 onty lo the extent
quired lo provKle a and fa￿ viv*. This departwe has invofved folk)wing the
Charitres SORP IFRS 1021 published 1 J￿￿ary 2019 ralher than the Accounting and
Reporting by Charities." Statement of R￿OrnMen(*d Prthe effective from 1 Apnl 2005
which has since been withdrawn.
The charity constiiutes a Publ￿ b8nefit entity as d8fined by FRS102.
The aeeounts are prepared in £ sttrling and rounded to the nearest £1.
The Iwst was ¢wverted into a Charrtable InC￿Orated OpJani5alion ICIOI on 1 January
2022. with the transfer fA operatirms. assets and liatmlilies frcmn the old leg81 enlty. The
aclivilies of the new CIO remained unchanged.
The accounts have been prepared on the goiig ¢c￿cern basis. The Trustees believe that
whilst there is uncertainty relating to the potential effects of the cost crf Irving crists, this
(knes not pc6e a material urKertainty on the new CIUS ablty to continue as a going
concern.
In September 2024 the CIO had apk¥oximatety £315.500 of cash availabte,
aFvroximatety £195,c￿ ol wh￿h was available for 98n8ral use. Th8 remaind8r can
used for designated purposes as out11￿1 in note 1f. The Trustees have prepared
stress test and this c￿fiM)S that shouhj no fvrther ir￿e be receNed. the CIO is aNe to
meet its liabilities as they fall due f￿ at 8nollw 12 months from the dète of
aFfJroval of the financial stalements.

The Spuryeon Oaklands Charltable Trust
Notes to the financlal ststements for the year to 31 December 20231cont1nu￿)
b)
Flxed assets and depreclatlon
Depre¢iats'on is provided by the Trust to ￿rte ¢)ff ¢ost cff ValUat￿n less the eslirnated
residual value of tan9ible fixed assets over they estimated useful lives as follchvs..
Furnishnigs
Flats retained by the CIO
20% pa straight I'ne
1% pa straight line
The flats relained by the CIO for charitable use are sh¢ywn al deemed cost equal to their
previous valuation using the transitional exemptK*ns awlatrAe under Seclion 35 of FRS
102. Depreciation vs not charg8d on th8 freehold Land element of th8 de8m8d cost.
Investment proptty
Investment propety is carried at fair vdue detemined annualty by etiher a E￿fesSional
valuer or the trustees. and derived frcvn the current market data. aclusted if ne￿Sary
for any difference in the nature. k)calN)n or Cond￿on of the SFecrfic asset No
depreciation is provided. Any gains or losses arrsing from change5 in the fair value will
be re¢(￿nised in the Slatement of FNncial Activit￿ fof the peiiod in wtmch they arise.
d}
Incom• and •xp•nditure
Income from lelling the flats and garages ts induded in the statement of financial
oc1N￿.eS in the peri¢)d to which il relates. AJI expendilure is accounted for on an accruals
basis arKI has been cla￿"r￿ under heading5 that ￿gregate all costs related to the
alegory.
Flnanclal Instrum•nts
The CIO cnly enters intt) basic finaThial instruments transactions that resuli in Ihe
recOgn[t￿rt of fi.nancial assets and liabAths Il¢e and other debtors and credrtors.
k)ans from banks and other thi(d parti&s_
Designated funds
The destqnated thJnd5 are as folkJw5:
Replacomgni fund
This deswnated fund represents funds put aswye to be used for the eventual replacement
of capital assets_
Capltal settlèment fund
This designated fund represents the capital assels settW on the original Trust and
amounts capitalisgj sirKe that dale les$ deW￿lat￿n ch¥ged to date, together wilh Ihe
net amount realised in previous years and by premiums for the extension of J8asehoid
leresls in those flats not held fcr Charitab￿ purpose5.
Major fiat refvrbishments are ¢￿ged to this fund frcrfn 2020 onwards.
R•valuation fund
This designated fund represents Ihe hislortsl ￿k[ti.n9 of the cost value of the propertie$
of both functional and investrnenl assets.
91
Grants Awarded
Grants are awar(Fed at the discret*)n of the Truste8s and are distribLrted in accordance
with the CIO FourKlalion Con5titutM)n.

The Spurgeon Oaklands Charitable Trust
Notes to the flnanclal fAatements forthe year to 31 DKember 2023 {contlnued)
Judgements in applying accounting polic* and sources of estwnatiM uncfjrtainty
In the appkation of the CIO'S accounling pol￿￿$. the trusiees are required to make
judgements. estimates and assumpti¢)ns abcwt the cwying amounls of assets and
liabilities that are ￿t readily apparent olher sources. The estimates and assc¢ialed
assuMpt￿)nS based on historical experien￿ and other factors that are considered to
be relevanL Actrjal results may differ from these estimates.
The eslimates and underlying assumpti(￿$ are reviewed on an ongoing basis. Revisions
to accounting estimates are re￿gnised in the perK*J in which the estimate is revised if
the revision affects onty that perh)d. or in Ihe perityj of the revision and fijture periods rf
Ihe Tevision Off￿1$ both cu￿ent and fvtwe perh)d5.
The trustees b81i8v8 that the siwif￿ant areas of judgement are the valuation of the
freehold inve5trnenl property and the estimate of Ihe useful economic life of the other
freehold property. The investment properties have been valued by Haslams. Charieréd
survey￿5, during the previous year usTr3 open market based evwjence. The trustees
beliove this is still an apprcyiale valualion at Ihiq year end. On the date of approval of
the financial stalements, Ihwe ar8 no indications to impty that material chang8s to
fvndanental assumptio￿ and estim*es are r￿￿eSSary.
Grants Awarded
No grants were either 2023 or 2022.
Fixed assèts- tangible assets and Investments
Tang*)le
assets
Investn*nl
pwty
Cost or valuation
At 1 January 2023
Revaluation addil¥)n
At 31 December 2023
1,178.516
1.178,516
400 000
Depreciation
Al 1 January 2023
Charge for the year
At 31 December 2023
66,179
7.833
74.012
Net book value
As at 31 December
2023
As at 31 D9cember
2022
1,112.337
4(K>.O
-10-

The Spurgeon Oaklands Charltable Tru51
Notes to the financlal slatements f•x the year lo 31 tlecember 2023 (conllnued)
Flxed assets - langible assets and investments Icontinuedl
Tanglble assots
The flats relwned by the CIO We for the Pufposes of the charity. T￿Y are shown al
d8&med cost equal lo their PreV￿uS vahJaI￿n using th& transitional 8xomptKsns availab
under Section 35 of FRS 102. Depreciation ¢s not charged on the freehold land element of
the deemed cost. In ath31￿n fwnishings within the flats are indu(*d al cosl and are
depreciated.
Investmènts
The freehold interest in fiats not relained for charitable use and the garages are heky as
investment properties shown at faw valu8. The Trusle&s have revi8wed the valuation of
the investment propertÈs at the year end. The basis of valuation 15 their exisling use o￿n
rna￿et value. The Trustees are eonf*dent that thèir valuation rdlects turrent valu6 of the
properties.
Creditors
2023
2022
Rents in advance
Accruals
Trade credito
305
6,426
1,153
5.800
1.956
7.756
7.884
-11-

The Spurgeon Oaklands Charftsble Trust
Notss to the financlal statemènts for the year to 31 De¢en**er 2023 lcontlnuedl
Dèslgnated funds
Fr8elk)h
Leasehohj interest in flats
Total Replacement
flals
and garw reva￿atIOn
fund
r8¥aluation
revaluatNJn
fund
Capitsl
settlemet)t
fund
Total
Bal8nce at
1 January 2023
880.752
329.039
1.209.791
3.51 S
409.670
1,622.976
Expenditure
(6.2021
(6.202)
{6.2021
Balance at 31
December 2023
874.550
329.039
1.203.589
3.515
409.670
1,616,774
Freeknhj
Leasehold interest in fiats
Total Replacemenl
flats
and garages revatuation
fund
revaluation
revaluat￿n
fund
Capital
¥ellkment
fund
Total
Balance at
1 January 2022
8￿.954
279.039
1.165,993
3.515
409.670
1.579,178
Gains on
Inveslmenl
50.000
50.000
50.000
Expenthlure
{6.2021
(6.202)
16,2021
Balance at 31
Decemb¥ 2022
880,752
329.039
1,209,791
3,515
409,670
1,622.976
The reasons the designated fuThJs as detai￿ in note 1f.
Contlngent liability
There is potentialty a future exFense re&trrfJ to tree surgeon fees io as$e$$ 70 trees
situated nearby the garages let out lo The ManaJ¢ ement Association. However the
Management AssocialK)n may be Ikible for the costs. Given the uncertainty a provision has
not been included in these fmancial statements. The assessmenl fees involved would be
unlikety to exceed £5.000.
Rektgd parties
Mr RD Higg5, a trustee. 15 an ernpkny￿ of the Chwty's solKitors (Field Seymour Parkes
LLPI. He is not invdved directty in any of the w(Ak the sdicitors perform for the CIO. This
work is all on normal lerms of b￿1fte$S.
There were no other relaled party transactions ￿ring ye¥ and no trustees were paid or
iecewed any expenses.
Staff numbèrs
No persons were employed by tre Chanty in tr* current or pr*y year.
-12-

Tha Spurgeon Oaklands Charitable Trust
Notos lo the flnanclal statements for the yearto 31 DecembEr 2023 (contlnued)
10.
Analysls of net assets between funds
Capital
setUem8nl
fund
General Revdualion Replxement
fund
fund
fund
Total
Fixed assets
1.203.589
30D,915
1.504,504
Bank
177,766
3.515
108,755
290.036
Cr&Yitors
(7.756)
(7,7561
Balance al 31 D￿mber 2023
170.010
1.203.589
3.515
409,670
1,786,784
Capital
seldemenl
fund
General Reva*JaliDn Replacement
fund
fund
fvnd
Tot81
Fixed assets
1.209,791
302.546
1.512,337
Bank
151.470
3.515
107.124
262,109
Creditors
(7.8841
(7,8841
Balance at 31 December 2022
143.586
1.209,791
3.515
409.670
1,766.562