Withymead
CHARITY REGISTRATION NUMBER: 1199071
N,Iture Re5eri'e
The Anne Carpmael Trust {cio)
Financial Statements
31 March 2024

The Anne Carpmael Trust (CIO)
Trustees, annual report
for the year to 31 March 2024
The trustees present their report and finanryal stateFTtents of the charity foi the year ended 31 March
2024.
Reference and administrative details
Registered ¢harity name
The Anne Caomael Trust {cio)
Charity registration number
1199071
Principal office
wthymead House
Bridleway
Goring-on-Thames
Reading
RG8 OHS
The trustees
Jennifer A Hedge
Peter T Brass Iresigned 30 November 2023)
David Gwillim (resigned 24 May 2024
Di Colin L Reeves CBE {resigned 23 April 20241
Imogen V Smart
Kay Smitham
Glen Beamson (appointed 22 July 2023}
Aine Mccartney (appointed 3 October 2023)
Sheila McKenzie (appointed 6 October 2023)
Robert Cooke {appointed 13 May 2024)
Stephen Ambler {appoinled 14 May 2024}
Philip Rooftey (appointed 28 May 20241
The trustees are responsible for managing the properties held by the charity. These properties are..
Wilhymead, Bridleway, Goring on Thames
Springfield Cottage, Bridleway, Goring on Thames
The Study Centre and land adjoining Springfield Cottage
Tara's Piece, Bridleway, Goring on Thames
Little Meadow, Goring on Thames
The trust has a ￿VerSIOnary interest in Stalisfiekj Cottage, Bridleway, GoTing on Thames. The
property is subject to a lifetime interest under Anne Carpmael's will and the trust's interest will
crystallise upon cessation of that interest
Inde￿ndent Examiner
Mr Stuart Bates FCA
Wenn Townsend
W￿lo￿a House
10 Broad Street
Abingdon
Oxfordshire
OX14 3LH
Bankers
HSBC Bank PLC
26 Broad Street
Reading
Berkshire
RG128U

The Anne Carpmael Trust (cio)
Trustees. annual report
for the year to 31 March 2024
structure, governance and management
The Anne Carpmael Trust (CIO) was constituted on 14 Feb 2022 and registered with the Charity
Commission on 24 May 2022
registered charity number 1199071. The tntst uses the name
Withymead N8￿re ReseNe for identificat￿n and marketing purposes.
The Charity Cornmission authorised the transfer of assets and liabiltties from the charity known as
THE ANNE CARPMAEL CHARITABLE TRUST11102152) to THE ANNE CARPMAEL TRUST CIO
111990711 on 21 August 2023 and final transfer of assets and liabiltties, including propety tiues, took
place on 1st September 2023. A new bank a￿0￿￿1 was opened for the CIO.
The trustees who have seNed during the year and Sin￿ the year end are set out above. The trust
deed stipulates that there te at least three trustees and no more than Trine. New trustees are
appointed by resolution of the existing truSt￿S at a special rneeting.
Background and history of the Trust
The Anne Carpmael Trust {ACT) owns the Wthymead Nature Reserve which (ttupies about 13
acres of river frontage belween Goring-on-Thames and South Stoke, a tsv(>thirds share of Tara's
Piece which is a small riverside bank nearby and Lrttle Meadow. a 2-acre wldflower water meadow
to the south of Goring-on-Thames.
Anne Carpmael INed al Wthymead for llearly 60 yeaF5. A keen naturalist, she provided a habitat
that encouraged birds, both llattve and mwJratory_ Prior to her death in 2003 a charitab￿ Trust (No
11021521 was fomied lo preserve the house and its riversKle land. These 13 actes now form the
Wthymead Nature Reserve.
Tara's Piece was purchased by Anne and her husband Philip Carpmael wrth Lord Marshall of
Goring in 1982 to prevent the site being developed and lost as a piece of original river terrace.
Anne Carpmael survived her husband and later gave their share to the Trust. On Lord Marshall's
death his one-third share passed lo his widow. Lady Marshall died in 2021 and her share is now
held by her estate.
Little Meadow was grfted to Anne Carpmael Chartlbie Trust (ACCT), now ACT, by Ihe Goring and
Streatley Environmental Group in February 2012. It is a wildflower meadow and area of coppiced
woodland, providing a natural ftcthplain, which lies on the Oxtc*dshire bank of the Thames south of
Goring, immediately upstream of Gatehampton railway bridge.
Objectives and activities
The objects of the charity are..
the promotion, protection and preservation of the flora and fauna found in Goring-on-
Thames. Oxfordshire and within a radius of 10 miles from the village-,
the provision of financial assistance to the sthools and other organisations in the villages of
Goring-on-Thames, Streatley and the surrounding areas so that pupils and metllbe￿ can
be taught and leam alJ)ut this flora, fauna and nature".
the general ￿luCation and trEnefit of the public with regard to nature.
The tnjstees have paid due regard to the guidan￿ gNen by the Charity Commission on public
benefit when deciding what activities the chartty should urkyertake.

The Anne Carpmael Trust {ClO)
Trustees. annual report
for the year to 31 March 2024
Main activities in relations to objects
The main activities ￿Tr[ed out by the Trust are-.
the management of the reserves owned by the Trust to protect and preserve the flora and
fauna
the promotion of the reseTves as havens for wildlrfe, plants and trees
enabling a￿sS without charges to all people who wish to visit for study or leisure
Ihe provision of educational facilities and materials for visits to the reserves
utilising volunteers to assist in maintaining the reserve and engaging with nature
the raising of funds towards both general maintenance and specific projects at the
reserves.
The Tftjst has two resident wardens at Wrthymead, who manage the nature reserve at Withymead.
Tara's Piece and Litle Meadow. They are supported by the Trustees and volunteers in the day-tO-
day management of the reserve. including..
ongoing land management and enhancing wildlrfe on all the reseNes with the intention of
having an achievable and manageable plan.
enabling the continuing study and monitoring of wildlife populatsons on the reserves by the
wardens. volunteers and other interested parties.
allowing the Forest School to operate from part of the reserves to facilitate the
encouragement of interest in nature by young children.
encouraging and allowing access to any interested person.
Review of charitsble activities in 202>24
The main Withymead reserve continued to grow in FX)pularity both with the general public and
specialist groups. Our onsite Warden has developed links and hosted visits with Goring in Bloom,
local Wl groups, British Conchological Society, Chitterns and North Wessex Downs National
Landscapes and the Reading Nattjral History S￿ety. L(x21 photogrdphers book regular visits and
Nielsen IQ held their annual team building day at Wthymead.
For Little Meadow the development of the Manage￿ent plan is well under way and expected to be
completed in 2024-25. Agreement was reached with the Thames Path National Trail ITPNTI and
other interested parties on how to proceed wtth the Improved A[￿eSS Project Grant fundin9 for a re-
engineered path was provided by the Trust for Oxfordshire's Environment, TPNT and the Goring
Fishing Club. W0￿WaS completed in July 2023. The Fishing Club have agreed to work in partnership
with ACT to manage the meadow and to share the (x)sts of meadow c#Jts per year.
ACT has been awarded a substantial grant of £90,000 by the Mend the Gap Project overseen by
Chiltems National Landscape. £1,500 of this grant has been recognised in the accounts for the year
ended 31st March 2024 on the basis Ihat the conditions for r￿lpt of these fijnds were met during
the period under review. This grant will part fijnd replaixnent of half the current boardwalk which
provides a￿sS to the marshy areas of the reserve. The project will allow access for wheelchairs
and buggies and will indude a viewing platfomi. enhaftced efitran￿ and warden's welcome shelter.
The entire project is expected to take up to 2-years lo complete {Jan 2026) and indudes the
requirement to run x6 events for EDI audiences (Equaltty. Diversty and Inclusion) over iwo years.
Marketing.. Review of the Patrons, Scheme and membership ¢s now complete with the addition of
family membership. Unstuck Designs were commissioned to design and install a new website. The
new website went Inie in March 2024 and was funded by a combination offunding from local grantors,
individuals and the distn.ct council.

The Anne Carpmael Trust {ClO)
Trustees, annual report
for the year to 31 March 2024
We have engaged wth our neighbours in a￿aS of mulual inter& in parlicular the South Stoke
Idlrfe and Conservation Group and Christ Church Oxford, the owners ofthe adjacent12nd. An
annual report is sent, in March. to Prof Kayta at Christ Church.
We have maintsined a relationship wtth Prof Peter Holland {Oxford UnNersityl, a fonrÈr tnJStee,
who is leading a group engaged in the Darwin Tree of Lrfe Projed and who is using the Withyfnead
Reserve as one of the research sites.
We have established contact with a Ictal diptertst and a local rnoss expert both of whom visit
regularty to collect specimens and offer advice.
Rare or new sp*cies sighted during the year included the Desr￿ul1n Whod Snail listed as
endangered in UK
Major maintenance was undertaken at Springfield Cottage to mitigate against condensation and to
improve ventila*"on_ A w(xxl bumer was Instal￿ together wtth opening up of air bricks, repointing
brickwoth and repainng roof b"les, instalktv)n of air bitks and vents and redistribution of roof
insulation.
Main objectives for 2024-25
In line with ACCT, now ACT. Vision and Strategy Document (Nov 2021 }, the plans for 2024-25 are..
1. Complete the Improv￿1 Access Project at Lrtue Meadow.
2. Complete the Little Meadow Management Plan.
3. Begin phase one of the tx)ardwalk proie¢t- repL?￿rnent of the southern section to include
a viewing platfomi.
4. Install new entrance gates and asscciated fencing.
5. Install a welcome shelter
6. Plan lo run x3 events for EDI audiences.
7. P￿￿re grant funding for phase Iwo of the boardwalk ptoject- northetn section.
8. Continue contact with consesvatson, natural history and simiLar groups who use Wthymead
and encourage more groups to do so.
9. Volunteers- to establish, in additson to Green Gyms, a Wthymead volunteering group and
offer regular monthly volunteering opportunrties.
10. Introduce Cttizen Science Sundays to run On￿ a month bett¥een April and Aug.
11. Keep Withymead in the publ￿ eye through artides in the local press, talks to local groups
etc.
12. Draw up a lon*temi financial pLan to ensure the viability of the charity for the foreseeable
future.
Trustees and Wardens
The trust will continue to monitor the need for recruitment of new Trustee5 to ensure SUC￿$s1on.
The pre*nt wardens, Pete Morton and Jade van der Mefft. were appointed in September 2019
for an intiial 3-year temi. This was renewed in 2022 and updated on transfer to CIO in March 2024
and is now a rolling 3-year agreement
The trustees are very gratefvl for the enthusiasin and hard work of the warden5. which ha5 been a
major factor in the It￿reased popularity and publ￿ awareness of Wthymead.

The Anne Carpmael Trust (CIO)
Trustees. annual report
for the year to 31 March 2024
Volunteers
The Trust is grateful for the seTvices and gilts in knnd donated by its many volunteers. The Trust does
not have a policy to measure the economic value of these actTriities. Major regular gifts of time and
setvI￿S include administration, bIodwers￿ expertise. educational advi￿, fvndraising, site
maintenance and development. Extemal professional services are employed as and when the
situation requires.
Fundraising
Overall, the Tnjst has had a signifi(xnt increase in income however. this is due to being awarded
substantial grant of £90,000 by the Chiltem Conservation Board as part of the Mend the Gap
Programme. This will e￿able the commencement ofa project to improve the boardwalk in Withymead
Nature Reserves. Wthout this grant, income was very similar to the previous year. The overall level
of regular gNing particularly from Friends of Wrthymead Patrons remained strong.
Trading income on the sale of go)ds, (*ring and craft courses wa5 similar to the previoL¢S year
£2,529 compared to £2,637.
The Trust is also very grateful for other grant In￿Me receNed during the year..
£2,987 was re￿iVed from Oxfordshite County Council, and £2,000 from the Goring Fishing
Club to fund enhancements to Ltttle Meadow. This project was wmpleted in the year.
Goring Gap News provided a grant of £1,000 to support essential tree surgery works
Through the Faming in Protected LandsCa￿S Programme the Chiltems Conservation
Board awarded a further grant of £3,171
FINANCIAL REVIEW
The Trusys assets are held in propety, a current account and linked money manager account with
HSBC, and an openended stock rnarket investment fvnd managed by Chartes Stanley & Co Limited.
The investment fund showed a capital gain of 9.5QA and a total return of 10.60A over the year after
management costs. Rent from Springfield Cottage contributed just over £11,200 after management
fees and maintenance costs.
The result for the year was a net decrease of £9,930 in Unrestricted Funds and net decrease of
£12,370 in Total Funds. This result is stated after charging depreciation of £20,030 and accounting
for an unrealised gain on invesknents of £5.044. Cash ts a more important indicab'on of the Trusys
finanaal health. There was a net ouffiow of £126 of cash available for general purposes.
RESERVES POLICY
It is the policy of the chanty to mintain unrestricted funds, consisting of corsservative investments in
property, stock market funds and a high interest bank deposrt account At 31 March 2024 the total
reserves We￿ £1,605,253, wtth £1,050 as resthcted funds and the remainder free reserves. Of the
free reserves balance. £49,894 was held in bank accounts and £58,386 as listed investments. The
remaining balance is held as fixed assets, mainty two prope￿"eS Wilhymead House and Springfield
Cgttage. The Charity's policy for maintaining reserves is to retain cash or easily realisable ftjnds to
be able to deal with any tnajor repair work and other unforeseen expense arising in the next year
together with day to day running expenses_
RISK MANAGEMENT
The Trustees have continued to assess the major r￿kS to which the charity is exposed and systems
have been established to minimise those rtsks.

The Anne Carpmael Trust (CIO)
Trustees. annual report
for the year to 31 March 2024
In the longer temi the cost of maintaining WthynEad House is a cOn￿M to the trustees.
RESPONSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance wth applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounling Practi￿}. The law appluble to charities in England and
Wales requires the trust&s to prepare financial statements for each financial year which gNie a true
and fair view of the state of affairs of the charity and of the incoming reSoUr￿S and application of
resources of the charity for that period. In preparing these ffinancial statements, the trustees are
required to..
select suitable accounting wI￿leS and then apply them consistenty.,
observe the methods and principles in the CharitEs SORP (FRS 102}:
make judgements and estimates that are ￿asOnable and prudertt
state whether applicable accounkn.ng standards have b￿n followed, subject to any material
departures disdosed and explained in the financial stalements,.
prepare the financial statements on the going concem basis unless rt is inappropriate to
presume that the chanty will (ontinue ir¢ operation.
The tru*ees are responsible for keeping ptoper accx)unb"ng records that disclose wth reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011 and the Chanty (A￿oUnts and Reports) Regulations
2008. The trustees are also responsib￿ for safeguarding the assets of the charity and hence for
taking wsonable steps for the prevention and det&tion of fraud and other irregularities.
The trustees, annual report was approved on 1￿ October 2024 and signed on beha￿ ofthe toard of
trustees by".
J A Hedge
Trustee
S P McKenzie
Trustee

The Anne Carpmael Trust (CIO)
Independent examinerfs report
for the year to 31 March 2024
I report to the charty trustees on my examination of the accounts of the charity for the year ended 31
March 2024 which are set OLrt on pages 9 to 20.
Responsibilities and basis of report
As the charity's trustees you are responsible ft)r the preparation of the accounts in accordance with
the requirements of the Charilies Act 2011 {'the Acy).
I report in respect of my examination of the charity's accounts caffied out under section 145 of the Act
and in carrying out my examination I have followed all the appl￿ble Directions given by the Charity
Commission under sectson 145{5llb) of the Act
Independent examinefs statoment
I have completed my examination. l (y)nfinYb that no material matters have Come to my attention in
connection with the examination gNing me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
2. the accounts do not accord with those re￿rdS.. or
3. the accounts do not compty wtth the applicable requirements con¢eming the fonn and Ix)ntent
of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounls gwe a 'true and fair view, which is not a matter considered as
part of an independent examination.
I have no concerns and have come across no other mattews in connection wrth the examination to
which attention should be drawn in this rew)rt in order to enable a proper understanding of the
accounts to be reached.
stuart Bates FCA
Wenn Townsend
Victoria House
10 Broad Street
Abingdon OX14 3LH
2024

The Anne Carpmael Trust (CIO)
Statement of Financial Activities
including the Income and Expenditure Account
for the year to 31 March 2024
Unrestrrcted Restricted
Funts
Funds
Total Funds
Tdal funds
Note
INCOMING RESOURCES
Donations and legacies
Charitsble activities
Othert￿dlng attivityes
Investment income
Other income
6.453
10,657
17,110
IQ131
165
1529
Z637
15.411
178
629
26.022
10.657
,679
RESOURCES EXPENDED
Expendituie on rai5ingfund5
Costs of ￿lsIngdOnat1OnS and le￿o*S
Investment man3gÈmÈntcosts
Expenditure on charitable acbvities
59
io
1059
5L896
54LIJ3
3,445
44,578
082
3&793
13,C87
13.(67
Net income lexpenthturel bef¢ye irnesthiert
gains Ilossesl
Net gainsl1055esl on investments
Net income (expenditu￿)
TransFers between funds
Net mryement infund5
114.9741
12,4401
117,4141
I19,5￿)
15,16
{24729
19.9301
12.4401
143701
I9.￿0)
114401
(24.n61
Reconciliation of funds
Total funds broughtforward
Transfer between funds
Total funds carried fOr￿r(l
L614.L13
3.4
L617,623
164Z349
1.W203
1.050
1.605,253
1,617,623
The statement of financial athrties indudes all gains and k)sses recognised in the year.
Al income and expenditure derive from ¢onb'nuing &tjVrt￿.

The Anne Carpmael Trust (cio)
statement of Financial Activities
including the Income and Expenditure Account
for the year to 31 March 2024
2023 Comparative Figures
Z023
FY2022
Note
UnrestrÉrted Restricted
Funds
Funds
Total Funds
Totolfvrtds
INCOMING RESOURCE5
Donationsand legaciès
Charitableattivities
4.694
165
5.437
10.131
165
8.056
522
Othertradingactivities
Investment income
2.637
15.411
178
2,637
15,411
178
4.267
15.224
278
Otherincome
23.085
5.437
28.522
28.347
RES￿RCESeKpENDED
Expenditureon raisingSJnds
Costsof rai&ngdonationsand leBacie5
In%￿stment manaBement costs
Expendltureon charitableactlvrtia%
59
59
260
io
3.445
44.491
47.99S
3.445
44,578
48,082
2,500
39,814
42,574
11,12
87
87
Net in¢ome le¥penditurelbefr¥re irtN*stment
gainsllossesl
Net gains Ilossesl on investments
Net income lexpendiiurel
Transfersbetween funds
124.9101
15.1661
130.0761
5.350
119,5601
15.1661
P4,7261
{14,227J
76,888
62,661
13
5.350
Net movement in fvnds
130.0761
5.350
P4.7261
62,661
Reconciliation of funds
Total fvndsbrought forward
Transfer b&tween funds
1.642.349
1.860
1,614,133
1,642.349
1.579.688
.22
11,8601
3.490
TO1￿ fvndscarriedfonvard
1,617,623
1.642,349
-10-

The Anne Carpmael Trust (cio)
ststement of Financial Position
at 31 March 2024
2024
Fy2￿23
Fixed assets
Tangible fixed assets
Investments
917355
937,384
￿￿.741
1565.726
Cuwrent assets
Oebtors and prEpaid expenses
Cash at baftkand in hand
172
53.510
Creditor& anM)untsfallingduÈMthinoneyear 21
Net oJrre#t assets
L554
4,202
51,897
1.617.623
1.617.623
S4￿
Lfffj253
LEffj,253
Total assets les5 ￿rre[rt liabilities
Net assets
Fundsof the charity
Restrirted funds
Unre5tritted funds
1,614.133
Total charityfur
Lf4J5.253
1.617.623
These financial stalements were approved by the board of tsustees and authorised for issue on 18
October 2024 and are signed on behalf of the tM)ard by..
J A Hedge
Trustee
S P McKenzie
Trustee
Thè notss on pages 11 to 19 forni part of these financial staltmtnts.
11

The Anne Carpmael Trust (CIO)
Notes to the Financial Statements
For the year ended 31 March 2024
Generdl infonnation
The charity is a registered charity in England and Wales and is incorporated. The address of the
principal office is Withymead House, Bridleway, Goring-on-Thames RG8 OHS.
Statement of cornpliance
The financial statements have been prepared in accordance with Accounting and Reporb"ng by
Charities.. Statement of Re￿rnMended Practi￿ applicable to charib.es preparing their ac￿Unts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the UK and
Republic of Ifeland IFRS 1021, the Chartties Act 2011 and applicable regulations. The accounts
have been Prepared under the historical cost convention wtth the ex￿pt￿In of fixed assets
included at revalued amounts.
Accountlng policies
Grants
Grant income is recognised on a re￿[Vable basis. ￿ffiere a restricton is placed on the use of the
grant, the amunt of the grant is induded in restricted funds. Grant expenditure is recognised on
a payable basis.
Basls of preparation
The financial statements have been Pfepared on the historical cost basis, as modified by the
revaluation of certain financtal assets and liabilities and investment properties measured at fair
value through income or expendrture.
The financial statements are prepared in sterlirKJ, which is the functional currency of the entify.
Intoming resources
Incoming resources are included gross and are accounted for on a receNable basis. Incoming
resources received in ￿pect of future periods are deferred to that period.
Resources expended
Resour￿ expended are shown gross and are accounted for on an accruals basis. Costs are
allocated directty to the category to which they relate. Where this allocation is not possible costs
are allocated within -governan￿ costs." The chartty is not registered for VAT and all expenditure
is therefore recorded inclusive of iffecoverable VAT.
Unrestricted funds
General accumulated fvnds representthefundsofthe charrty that are not subject to any restrith.ons
regarding Iheir use and are available for application on the general purposes of njnning the charity.
Restricted Funds
These ￿late to incoming resources which have been received subject lo specific conditions
imposed by the donor and binding on the Trustees and may onty be applied in accordan￿ with
the restrictlons placed on the donation.
-12-

The Anne Carpmael Trust (CIO)
Notes to the Financial Statements
For the year ended 31 March 2024
Value Added Tax
The charity is not registered for VAT. Irrecoverable VAT is charged against the c3tegory of
resources expended for which it is incurred.
Going eoncem
There are no material un￿rtaIntieS at(sut the chanws abilty to continue.
Judgements and key sources of uncertainty
The preparation of the financial statements requires managementto make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
conlinualSy reviewed and are based on experience and other factors. induding expectations of
fuiure event5 Ihat ale believed to l* ￿asonab￿ under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the t￿Stee$ to fvrther any of the
Charity's purposes.
Restricted fvnds are subjected lo restrictions on theirexpenditure declared by the donor or through
the terms of an apFEal and fall into one of￿0 sutKlasses". restricted income funds or endowment
funds.
Tangible assets
All fixed assets are inthalty reo)rded at cost ExperKliture on fixed assets below £500 is written off
in the year of expense.
Depreciation
Depreciation is czlcuLated to write off the cost or valuat¥Jn of an asset, less its residual value, over
the useful economic life of that asset as follows..
Freehold
Freehold property exdudin9 the Stuty Centre
Study ￿ntre
Attachments to land {fencing, boardwalks, signage etc)
Plant and equipment
Not depreciated (see note below)
60 years straight line.
25 years straight line.
10 years straight line.
10 years straight line.
Note- Because no valuation is available for Wrthymead House separate from its surrounding
land, depreciation has been provided on the errtire historic cost of £825.000.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in
income or expendrture. Investments to be held for their knng-temi potential are caprtalised the
balance sheet, initially al cost.
Investment property
Investment property is inibalty recorded at cnsl which includes purchase and any directly
2ttributable expenditure.
Investrnent property is revalued to its fair value at each reporting date and any changes in fair
13-

The Anne Carpmael Trust (CIO)
Notes to the Financial Statements
For the year ended 31 March 2024
value are recognised in income or expenditure. If a reliable measure of fair value is no longer
available without undue cost or efft)rt for an r(em of investment propety, it shall be transferred to
tangible assets and treated as such until r( is extkcted that frair value will ￿ reliably measurable
on an on-going basis.
Financial instruments
Financial instruments are classtfied and accounted for, according to the substance of the
contractual agreement as either financial assets. financial Irdbilities or equity instrumersts. An
equity instrument is any contract that eviden￿ a residual interest in the aS￿ts of the company
after deducting all its liabilities.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
Gift aid repayment
Grants receivable
4.227
726
1.500
6.453
4,227
726
12,157
17,110
10,657
10,657
Unrestricted
Funds
Reslricted Total Fullds
Funds
2023
Donations
Donations
Gift aid repayment
Grants receivable
3.979
715
3,979
715
5,437
10,131
5,437
5.437
4,694
Income from ¢haritable activities
Unrestricted Total Funds Unrestncted Total Funds
Funds
2024
Funds
2023
Talks to local organisations
Organised visits and tours
271
75
271
75
100
65
165
100
65
165
Incorne from other trdding activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Sales of cream teas. honey and goods
Craft courses
2.529
2,529
2,637
2,637
2,529
2,529
2,637
2,637
-14-

The Anne Carpmael Trust (CIO)
Notes to the Financial Statements
For the year ended 31 March 2024
Investrnent income
UnreStr￿ed Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from listed investments
Bank interest receivable
Gross rent receivable
825
825
798
213
14,400
15,411
798
213
14,400
15,411
14,400
16,C65
14,400
16,065
Other Income
un[estr￿ted Total Funds UnreStr￿ed Total Funds
Funds
2024
Funds
2023
Fishing rights and wayleaves
Compensation from bank
629
629
178
178
629
629
178
178
Costs of raising donations and legacies
Unrestr￿ted Total Funds Unrestrictgj Total Funds
Funds
2024
Funds
2023
EnlertainnEnt of FrEnds of WthyrrEad
Postage, stationery and other
57
81
57
81
138
15
59
15
59
10.
Investment management costs
unrestr￿&￿ Total Funds Unrestri¢ted Total Funds
Funds
2024
Funds
2023
Portrolio management
Investment property management costs
Investment property Maintenan￿ costs
201
1.858
201
1.858
272
1,858
1,315
3,445
272
1,858
1,315
3,445
2,059
2,059
15-

The Anne Carpmael Trust {ClO)
Notes to the Financial Statements
For the year ended 31 March 2024
11. Expenditure on charitable activilies by fund type
Unrestricted
Funds
Restr"cted Total Funds
Funds
2024
Maintenance of propety
Running costs
Trading costs
Professional fees
Depreciation
8.285
4,837
1,241
4.407
20,029
38,799
9.607
3.490
17,892
8,327
1,241
4,407
20,029
51,896
13,097
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Maintenance of propety
Running costs
Trarjing costs
Professional fees
Depreciation
8,490
4,382
1.336
9,866
20,417
44,491
8,490
4,469
1,336
9.866
20,417
44,578
87
87
12.
Expenditu￿ on charitable activities by a¢tivity type
Unresiricted Restn(Xed
FurKIs
Funds
Total fvnds
2024
Totsl fund
2023
Charitable a¢bvity
Governance costs
38,019
13.097
51.116
780
51.896
43,894
684
44,578
38.799
13.097
13.
Net gainslllossesl on investsnents
un￿SIn"￿ed Total Funds Unrestricted
Funds
2024
Funds
Total Funds
2023
GainslOosse51 on listed invèsbnents
Realised
Unrealised
5.166
(5,1661
5,166
15,1861
Gain on revalualion of inveslrTErbt pro￿rty
14.
Net income lexpenditurel
Net income {expenditurel is stated after chargiThJ
2024
2023
Dep￿￿at￿)n of tangitAe fixed assets
20,029
20.417
16-

The Anne Carpmael Trust (cio)
Notes to the Financial Statements
For the year ended 31 March 2024
15.
Independent examination fees
2024
2023
Fees payaNe to the independeni Èxarnirw for exafflinaticfi of the finaniial
statements
780
16.
Stsff costs
The total stsff costs and employee berEffts forlhe rewting peric*Y are analysed as fdlows".
2024
2023
The average head count of employees during the yearwas Nil (2023.. Nil).
No employee re￿Ved employee tEnefits of rr￿>￿ th8n £60.(MX) during the year12023.. Nis).
17.
Trustee Thnunerntion and expenses
No trustee ￿ pad forthe prOvi￿on of gixKls or Serv[￿ to the charity12ff23- £44).
18.
TangÈble fixed assets
Land arKI
bLtihlingS
Equipment
Total
Cost
At 1 April 20rJ
Add￿0￿S in the year
Disposals during year
Cost at 31 March 2024
1,276.704
7,930
1,284,634
1.276.704
7,930
1.284,634
Dèpreciation
At 1 April 2023
Charge forthe year
Disposals dullng year
At 31 March 2024
347,250
20,029
19.613
416
359,513
7.766
367.280
Canying amount
At 31 March 2024
917,191
164
917,355
At 31 Mard12023
936.804
580
937,384
The freehokl prryjerty was valL*d in May 2￿22 by James Eniott (MNAEA) of Davis Tate. This valuation was
desktop update of prevTOUS valuations. The market valuewas considered to be £3,742,OCO at 31 March 2022_ The
trustees consider that this va5ue is unthanged al 31 March 2024. Stalisfidd Cottage, in which the Charity hokls a
reversionary interest, is held in tsTrgiblefixed assets asthe trustees are tsnable to obtain a rel18b￿ measure of value
without undue cost.
-17-

The Anne Carpmael Trust {ClO)
Notes to the Financial Statements
For the year ended 31 March 2024
19.
Investments
LÈsted
investmetts
Investment
property
Total
Cost or valuation
At 1 April 2023
Other movements
Carying amount at 31 March 2024
53.342
575.000
628.342
5,044
633,386
575,000
Al 31 Marth 2023
53,342
575,QM)D
628,342
All investments shown above are held at valuatron. The listed imieslmats are heid in an open-ended investment
fund managed by Charles Stsnley & Co.
The investment property, Springfield Cottage, is considered material in lem)s of value, rep￿sentIng more than 5/0
of the charity's total investments. The investment propety was valued during May 2022 by James Elliott IMNAEAI
of Davis Tate. The market value ofthe property was (x)nsKlÈred to be £575.0(M) at 31 Matd12022. The trustees
considerthat this value is unthanged at 31 Marth 2024.
20.
Debtors and prEpaid expenses
2024
2023
Grants reCe￿a￿e
Piepaid expenses
Stttks of sale goods
Gift Aid due
Other debtors
4.671
1,019
2,161
138
350
6,172
290
2.589
21.
Creditors: amounts falling due within one yèar
2024
2023
Accruals and deferred in(x>rne
1.554
4.202
22.
Analysis of ehaiitable fun(ts
Unrestricted funds
General
funds
At l April 2023
IncorTre
Expenditure
Transfer from Restricted Fund5 on (aKXtalisation of asset
Gains and Uossesl on invesbnents
At 31 Marth 2024
1,614,133
26,022
{40,9961
1.604.203
Genernl
funds
At 1 April 2￿2
Income
Expenditure
Transfer from Restricied Funds on ￿￿￿talISatIon of asset
Galns and {losses) on investments
At 31 March 2023
1,642,349
23,085
147,9951
1,860
5.166
1.614,133
-18-

The Anne Carpmael Trust {ClO)
Notes to the Financial Ststements
For the year ended 31 March 2024
22.
Analysis of charitable funds eontinued
Restricted fvnds
At
1 April 2023
At
31 MaTeh 2024
Expenditure
Gatehampton Trusl
Dorothy Holmes Trusi
South OxftMdshire Oistrid Co￿￿1
Goring Fishing Club
Oxfordshire County Councal
Goring Gap News
Chittern ConserVatiC￿ Board
Mend the Gap
{5001
(1.0001
1990)
{2.OOL)I
(2,9861
{2.0001
{3.1711
450
13.09
1,(KKI 1.(XKI
3.171
1,050
1,050
3.490 10.657
1 April 2022
Inccffie
Expenditure
At
31 March 2023
Forest Sd)ool enhan(xnenls
Gatehampton Trust
Dorothy Holmes Trust
Solth Oxtordshire Distrrt Council
Goring Gap News
1,947
{1,94n
500
1,000
990
1,000
3,490
5.437
1,947
The restrided fuNls are held for the followrng Pur￿..
Gatehampton Trust fvnding PfOVKJe(I to upgrade the website. wnprovin9 its acttssibility.
Dorothy Holmes Tntst funding provided to upgrade the website. improvirMJ tts a(L*ssibilty.
South Oxfortshirt District Trust a grant provided to upgrade the website. improving rts accessibility
Gorfng Flshing Club". furKling provided to imkwove the pathway through Lrtite Mealow
Oxfordshire County Council". funding Provid￿ to improve the palhway thr¢JEgh Litue Meadow
Goring Gap News.. fvnding vras pmwdgj Last year to supp)rt the upgrade to the website and this year for
essential tree surgèry requi¥ed for health and safety purpow.
Chiltem Conservation Board". a grant was prowded uThler the in Prot￿#￿ Landscapes
PTogramme to purchase essential eqwKxnentlo maintain the reserves.
Mend the Gap.. a grant to enab￿ the replaCen￿nI arK1 upgrade of the ojrrent boardwalk ift Wthymead to
tsne that w￿1 alk)w a￿esS lo the reserve forthose wth mobib.ty problems.
-19-

The Anne Carpmael Trust {ClO)
Notes to the Financial Statements
For the year ended 31 March 2024
Analysis ofassets between funds
General
Reslricteil
Reserves
Total
Fund balances at 31s1 Maweh 2024 are
represented by:
Tangible fixed assets
Investment
Current 3ssets
Current liabiltb.ès
917,355
633.386
55.016
917.355
633,386
56,066
1,554
1.605.253
1,050
1.604,203
1,050
Genetal
Reserves
Restrided
Re5etves
Total
Fund baTances at 31st March 2023 are
represented by:
Tangible fixed assets
Investment
Current assets
Current liatx'lthes
937,384
628,342
52.61
4,202
1.614.133
937.384
628,342
58,099
4.202
1 617,623
3,4
3.490
24.
Related Paity Trartsaet50ns
There were no rdated paty ljznsacborts requiriThJ disdosure.