With CHARITY REGISTRATION NUMBER: 1199071 Nature Reserve The Anne Carpmael Trust (CIO) Financial Statements 31 March 2025
The Anne Carpmael Trust (cio) Trustees, annual report for the year to 31 P41arch 2025 The trustees present their report and financial statements of the chanty for the year ended 31 Marth 2025. Reference and administrative details Registered charity name The Anne Carpmael Trust (CIO) Charity registration number 1199071 Principal office thymead House Bridleway Goring-on-Thames Reading RG8 OHS The trustees Jennifer A Hedge (Chair) Steven Ambler {appointed 14 May 2024) Glen Beamson Robert Cooke (appointed 13 May 2024) Aine Mccartney Sheila McKenzie (Treasurer) Philip Rooney {appointed 28 May 2024) Imogen V Smart Kay Srnitham David Gwillim {resigned 24 May 20241 Dr Colin L Reeves CBE (resigned 23 April 2024} The trustees are responsible for managing the proFerties held by the charlty. These properties are.. Withymead, 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 ThaeS The trust has a revetsionary interest in Stalisfield Cottage, BTidleway. Goring on Thames. The propety is subject to a lifetime interest under Anne Carpmael's will and the trus¥s ir)terest will crystallise upon cessation of Ihat interesL Independent Examiner Mr Stuart Bates FCA Wenn Townsend Victoria House 10 Broad Street Abingdon Oxfordshire OX14 3LH Bankers HSBC Bank PLC 26 Broad Street Reading Berkshire RG12BU
The Anne Carpmael Trust (CIO) Trustees, annual report for the year to 31 March 2025 Structure, governance and management The Anne Carpmael Trust {CIO) was constrtuted on 14 Feb 2022 and registered wtth the Charity Commission on 24 May 2022 registered charity number 1199071. The trust uses the name Withymead Nature Reserve for identifitstion and marketing purposes. The trustees who have served during the year and since the year end are set out above. The trust deed stipulates Ihat there be at least th[ trust and no more than nine. New trustees are appointed by resolution of the estIng trustees at a spectal meeting. Background and history of the Trust The Anne Carpmael Trust (ACTI owns the Wthyrwd Nature Reserve which occupies approximate 13 acres of river frontage betw&n (kJring-on-Thames and South Stoke. a Iwo-thirds share of Tara's Piece which is a small riverside bank nearby and Lttue Meadow, a 2-acre wildflower water meadow to the south of Goring-on-Thames. Anne C8rpmael Iwed at Wrthymead for neaty 60 years. A keen naturalist, she provided a habitat that encouraged birds, both natNe and migratory. Prior to her death in 21x13 Ihe Anne Carpmael Charitable Trust (No 1102152) was fomied to preserve the house and tts riverside land. These 13 acres now fomi the Wrthymead Nature Reserve Tara's Piece was purchased by Anne Carpamel and her husband Philip Carpmael with Lord Marshall of Goring in 1982 to prevent the site tEing developed and lost as a piece of original river terra. Anne Carpmael survived her husband and later gave their share to the Trust. On Lord Marshall's death his one-third share passed to his widow. Lady Marshall died in 2021 and her share is now held by her estate. Little Meadow was gifted to Anne carpMl Charitabte Trust by the Goring and Streatley Environmental Group in February 2012. It is a wldftower meadow and area of coppiced woodland, providing a natu1 floodplain. which lies on the Oxfordshire bank of the Thames south of Goring, immediatety upstream of Gatehampton ra1Y bridge. In 2022, the Anne Carpmael Charitable Trust (No 11021521 nVerted to a Charilable Incorporated Twst {No 11990711 known as the Anne Carpamel Trust (ACT) 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 Vrfithin a radius of 10 miles from the village" the provision of financial assistan to the schools and other organisations in the villages of Goring-on-Thames. Streatley and the surrounding areas so that pupils and members can be taught and leam ab)ut this flora. fauna and nature,. the general education and benefit of the public wrth regard to nature. The trustees have paid due regard to the guidan gNen ty the Charity Commission on public benefit when decKling what ath"vities the chanty should undertake.
The Anne Carpmael Trust (CIO) Trustees. annual report for the year to 31 Pllarch 2025 Main activsties in relations to objects The main activities carried out by the Tnjst are" the management ot the reserves owned ty the Trust to protect and preserve the flora and fauna the prormtion of the reserves as havens for wildltfe, plants and trees enabling access withoui charges to all people who wish to visit for study or leisure the provision of educational faciltties and materials for vistts to the reserves utilising volunteers lo assist in maintaining the reserve and engaging with nature the raising of funds towards both general rnaintenan and specific projects at the reserves. The Trust has ts¥o resident wardens at Withymead, who manage the nature reserve at Withymead, Tara's Piece and Little Meadow. They are supported by the Trustees and volunteers in the day-tO- day management of the reserve, including" ongoing land management and enhancing wildlife on all the reserves with the intention of having an achievable and manageable plan_ enabling the continuing study and rnonttoring of wildltfe populations on the reserves by the wardens, volunteers and other interested parties. allowing the Forest School to operate from part of the reserves lo facilitate the encouragement of interest in nature by young children. encouraging and allowing access to any interested person. Review of charitable activities in 2024-25 The main Withymead reserve continued tr) grow in popularity both with the general public and specialist groups. Our onsile Warden has developed links and hosted visits with the Chiltems and North Wessex Downs National Landscapes, the Reading Natural History Society, the British Conchological Society and teams from the Centre for Ecology and Hydrology in addition to visits from species specialists focussing on moths. bats, diptera and mosses. New species sighted during the year included the Clifden Non-Pareil which is re-colonising having been extinct in this area in the 1960$ and fve new species of moss. Local community groups make visits to Ihe reserve and the Biological Records Centre IBRCI held their annual team building day at Nthymead, carried out a bioblitz and uploaded their species count to irecord. The Trust was awarded a substantial grant of £90,000 by the Mend ihe Gap Project overseen by Chiltems National Landscape. This granL with match funding from Defra. funded the replacement of half the current boardwalk which provides access to the marshy areas of the reserve. The new part of the boardwalk now allows access for wheelchairs and buggies and includes a viewing platForm and there is now warden's welcome shelter. The Trusl will progress plans to enhan the entrance. The project is expected to complete in Jan 20261 and included the requirement to run six events for EDI audien$ (Equality, Diversity and Inclusion). Three EDI events were run this year and there are plans to run a further three in the coming months. The Twst was also awarded ftjnding from Defra (Access for All fr)r accessible benches and tables and for a stand of bicycle racks. The Warden oversees work by volunteer groups who engage in conservatr.on tasks. The Wallingford Green Gym visit with up to 15 volunteers eight b.mes a year and the Withymead volunteer group meet on a monthly basis.
The Anne Carpmael Trust (CIO) Trustees. annual report for the year to 31 March 2025 Part ofthe sf(e is used by fyvo Ictal primary schooLswho fun Forest School sessions during term time with up to 12 pupiL% and accompanying aduws attending e&h session. For Little Meadow the devebpment of the maftagement pLin is nearing comptetion supported by liaison with BB0 IBerks, Bucks & Oxfordshire Wildlrfe Trust) who have undertaken soil samples and identified the soil type within the meadow which will infomi fvture species management. The Fishing Club are worknng in partnership wrth the Trust to manage the meadow and to share the costs of two meadow cuts per year. We have maintained a relationship with Prof Peter Holland (Oxford Unwersty). a former twstee, who is leading a group engaged in the Darwin Tree of Lrfe Project and who is using the Wrthymead ReseTve as one of the research sites. Main objectives for 2025-26 In line with ACTS, Vision and Strategy Do(#Jment {Nov 2021}, the plans for 2025-26 are= 1. Implement the Ltttle Meadow Management PLgn. 2. Procure grant funding for the next phase of the boardwalk project- replrnent of the remaining section and bridge. 3. Install new entrance gates and ass(Kiated frncing. 4. Run a rther three events for EDI audiences. 5. Secure funding and irnplement pond and drainaje improvements, which will invOe the development of ponds and dredging of channels within the reed bed. 6. Continue contact with conservatson. natural history and similar groups who use Wthymead and encourage more groups lo do so. 7. K*p Withyrread in the publ eye through arb.des in the I1 press, talks to local gTOUPS etc. Trustees and Wardens The trust will continue to monitor the need for recruttment of new Trustees to ensure SucsSion. The present wardens, Pete Morton and Jade van der Merwe. were aptM)inted in September 2019 and have a >year rolling agreemenL The trustees are very gratefvl for the enthusiasm and hard work of the wardens. which has been a major factor in the increased POF)ulartty and publ awareness of Wthymead. Volunteers The Trust is gratefvl for the services and gifts in knnd donated by its many volunteers. The Trust does not have a policy to measure the economic value of these aCt"eS. Major regul8r gifts of time and services include administration, biodNersity expertise, educational advice, fijndraising, site maintenance and devebpment External professional Serv are employed as and when the situation requires. Fundraising Overall, the Trust has had a signfficant increase in incorre however, this is due to bèing awarded a substantial grant of £90,000 by the Chittem COnservan Board as part of the Mend the Gap Programme. This has eriabled the cOmnMent of a project lo improve the ardWalk in wrthymead Nature Reserves. We also receNed match fijnding of £30.0(K) for this project from the
The Anne Carpmael Trust (cio) Trustees. annual report for the year to 31 Mah 2025 Department of Environmen( Food and Rutal Affairs. Wthout this grant, income was very similar to the previous year. The overall level of regular giving particularfy from Friends of Wthymead Patrons remained strong. Trading income on the sale of gocxys. ¢2tering and craft courses was similar to the previous year £2.686 compared to £2,529. The Tst 15 also very grateful for other grant income received during the year. As well as the match funding provided for the boardwalk projec( the Department of the Environment, Food and Rural Affairs provided £6.685 for accessible fumilure al Withymead. This included standard picnic benches, pthlc benches for wheelchair seating and bicycle racks. £1,500 was receNed fM Oxfordshire County Council to ftjnd essential tree surgery work at Withymead. Through the Farming in Protected Lands(2pes Programme the Chiltems Conseryation Board awarded a further grant of £400 for scythe training. RUBI Payments Agency Flood Relief Fund £2.895 FINANCIAL REVIEW The Trusys assets are held in property, a current account and linked money manager account with HSBC. and an open-ended stock market inveslment fvnd managed by Chades Stsnley & Co Limited. The investment fund showed a capit21 gain of 0.5¥0 and a total retum of 1.9°k over the year after management costs. Rent from Springfield Cottage contributed just over £12.500 after management fees and Tnaintenance costs. The result for the year was a net decrease of £234 in Unrestricted Funds and net increase of £80,619 in Total Funds. This result is stated after charging depreciation of £29,362 and accounting for an unrealised gain on investrnents of £467_ The large net increase in total funds resulted from the capilalisab'on of the new boardwalk al the reserve, whi¢h was funded by a restricted grant. Cash is a more important indication of the Trusys financial health. There was a net inflow of £6.063 of cash available for general purposes_ RESERVES POLICY It is the policy of the chartty to maintain unrestricted fvnds, consisting of consetvative investments in propety, stock market funds and a high interest bank deposit account. At 31 March 2025 the total resetves were £1,685,872, wrlh a balance of £81,903 as restricted ftjnds and the remainder free reserves. Of the fr reserves balan, £55,957 was held in bank accounts and £58,693 as listed investments. The remaining balance is held as fixed assets. mainly tsvo properties Withymead House and Springfield Cottage. The Charity's policy for mairilaining reserves is to retain cash or easily realisable funds to be able to deal wrth any major repair work and other unforeseen expense arising in the next year together with day lo day running expenses. RISK MANAGEMENT The Trustees have continued to assess the major risks tr) which the charity is exposed and systems have been established to minimise those risks. In the longer tem the cost of maintsining Wthymead H(KJse is a concem to the trustees.
The Anne Carpmael Trust {ClO) Trustees. annual report for the year to 31 March 2025 RESPONSIBILITIES OF THE TRUSTEES The charity's trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with appIable Law and United lfjngdom Accounting Standards Iunited lfjngdom Generalty Accepted A¢¢ounting practi). The law applicable to charities in England and Wales requires the Injstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charrty and of the incoming reSoUrS and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select svitsble accounting pOIleS and then apply them consk%tendy", obseNe the methods and principles in the Chartbes SORP IFRS 1021.. make judgements and estimates that are reasonable and prudent slate whether appliixble accounting standards have bn followed, subject to any material departures disdosed and explained in the financial slatements., prepare the financial ststements on the going concem basis unless tt is inappropriate to presume that the charity will continue in operatton. The trustees are responsible for keeping proper ac¢ounb'ng records that disclose with reasonable accuracy at any lime the financial FX)Sttion of the charity and enab them to ensure that the financial ststements comply with the Charities Act 2011 and the Charity {Accounts and Rep(rtsl Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the preVent)n and detection of fraud and other irregularities. The trustees, annual report was approved on 17th October 2025 and signed on behalf Df the board of trustees by.. J A Hedge Trust S P McKenzie Trustee
The Anne Carpmael Trust (CIO) Independent examiner's report for the year to 31 March 2025 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 9 to 18. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Char"eS Act 2011 (the Acr). I report in respect of my examination of the ch2rty's accounts caed out under secb.on 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act Independent examinerfs statement I have cornpleted my examinats"on. I confirm that no material matters have come to my attention in connection with the examinab'on giving me c2use to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Actr. or 2. the a(munts do not aco)rd wth those records; or 3. the accounts do not compty with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gDiÈ a 'true and fair view. which is not a matter considered as part of an independent examination_ I have no concems and have corne across no other matters in ¢onne¢tion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stuart Bales FCA Wenn Townsend Victoria House 10 Broad Street Abingdon OX14 3LH T#tr October 2025
The Anne Carpmael Trust (CIO) statement of Financial Activities including the Income and Expenditure Account for the year to 31 March 2025 2025 FY2024 Note Unrestricted Restri¢ted Funts Funds Total Funds Total funds INCOMING RESOURCES Donations and legaues 10, 102,352 113,318 17.110 charitab activihes Othertrading activities 2.686 2,529 Investment inixjme 16.641 16,641 16,(65 Other income 178 178 629 30,804 102.352 133.156 36,679 RESOURCES EXPENDED Expenditure on raising lunds Costs of raising donations and legaoes 73 73 138 Investrnenl management costs 10 2.279 2,279 2,059 Expenditure on chartsble aGbvihes 15,C68 50,651 37.935 15.8 53,003 $4,093 Net incoming resources before investsnent gains {1055esl (7.131) 87.284 80.153 117,4141 Other recognised gains {lossesl Net gains110ssesl on investrnents 13 467 467 Nèt income lexFenditiJrel 16.6641 87,284 80.620 {12,3701 Trar*fets betWn fvnds 6,431 16.431) Net movement in funds 80,853 80.ff20 12.370 Reconciliation of fund5 Total fijnds brought forward 1,eA)4.21Y2 1.050 1,605.252 1.617.623 Totsl funds carried foThvard 1,PJ)3, 81.3 1.685 872 1.605,253 The statement of financial activth.es includes all gains and k)sses reix)gnised in the year. Al income and expenditure derive from conbnuing acb"vrb"es.
The Anne Carpmael Trust (CIO) Statement of Financial Position at 31 March 2025 2025 2024 Fixed assets Tangible fixed assets 18 989.635 917,355 Investments 19 633,693 633,386 1.623.328 1.550,741 Current avsets Debtors and prepaid expenses 8.141 6,172 Cash at bank and in hand 55.957 49,894 56,066 Creditors: amounts falling due within one year 21 1,554 Net current assets 62,544 54,512 Total a*3ets less current ITabiltties 1.685,872 1.605,253 Net assets 1,685.872 7,605,253 Funds ofthè Charity Restricted funds 81, 1,050 Designated funds 41.(XK) Unrestricted fvnds 7.604.203 1.603,969 1.685.872 Total charity funds 1,605,253 These financial statements were approved by the board of knjstees and authorised for issue 1P October 2025 and are signed on behalf of the board by: J A Hedge Trustee S P McKenzie Trustee The notes on pages 11 to 18 form part ofthese financial statements. -10-
The Anne Carpmael Trust (CIO) Notes to the Financial Statements For the year ended 31 March 2025 Genèrnl informatton The charity is a registered chartty in EngL4nd and Wales and ss incorp)rated. Thè add$$ of the pllnapal office VWrthwDead House. Bridleway. Goring4)TrThames RG8 OHS. Statemerrt of compltarKe The financial statements have been prepared in cOrdan witt) AcuntIng and Reporting by Charib"es'. Statement of Recommended prath apt41(?b to dnb"es weparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Irdand {FRS 102} issued ir¥ Odober 2019, the Finanual Reporbng Slandaid ap[l¢Ab in UK and Republic of Ireland {FRS 1021, the Charities Act 2011 and appli¢>ble iegulab"ons. accounts have been pwared Lmderlhe hLStorical cost convention with the eXp11)n of fixed assets induded at revalu1 amounts. Aeeourjting policies Grants Grant income is cogniSed on a rl¥ab basis. ere a restriction is pl&ed on the use of the granL the amount ofthe gt8nt is included In restricted fjmd& Grart experKlituie is re(Xyned on a payable basis. Basis of preparation The finanrial statements have been prepared on the historical (x)st basis. as modified by the revaluation of certain finarla1 assets and lth¢lities and investment properties measured at fair vdue through InME or expenditure. The financial statetnerts are prepared in sterknng. whK is the ftr{ma1 (xJrrÈntty of the entity. Incoming resources Incoming resources a induded g$ aMI %uxJnte(l ts on a receivable ba$is. Ini>Jming resources receNed in resped ofthre periods e defeffed to thal wod. RÈsouTces exrKled Resources expeThJed are gross and ate attourrteil for on an ualS basis. Costs are allocated diredy to the category to whith they relate. Where this alh)cation is not possibk costs are allctated within 'goveinance costs.. The charTty is rt registered for VAT and all expendityjre is therefore recorded indusive of Irrecoverab VAT. Unrestricted fvnds Gener318(tumulated frS rEpresentthe knds of the chartty thatare not gjbjectto any res10$ regarding Iheii use and ale availab for application on the general purposes of running the charity. Rèstricted FurKIs These rdate to in¢xJming resour$ have twi received suty'ec to spe¢rfFG wndilion5 imposed by the donor and binding on the Trustee$ and onty be appled in ac£ordancewth the restrictions pjaced on the donation. Value Added Tax Thè tharity is not registed for VAT. IIrweab1tt VAT is charged against the category of resoui expended for which rt is inwrred. Going concem There are material un(rt8inhes thè tharity's abdty to (inUe. 11
The Anne Carpmael Trust {ClO) Notes to the Financial Statements For the year ended 31 March 2025 Judgements and sources of uncertainty The pparation of the finarK4al statements wulS tnanagement to make judgements, estimates and assumptions thal affe¢tthe amounts retM)rted. These estimates and judgements are continually reviewed and are based on experience and other fadot5. irdLwJiNJ eXpeanS of future evenls that a bdieved to be reasonable undèr the urcumstances. Fund aceounb.ng Unrestricted fundsare availatAe lor Le atthe discTrlion ofthe truslees tofurther any of the (tsTrty's purposes. Restricted fijnds are sut4'ected to reslrictions on theirexpendiiure dedared ty the donor orthrough the temis of an appeal and frdll into one of two sua$ses". restrscted income fijnds or endowment furtds. Tangible assets Jul fixed assets are initialty recorded at cost. Expendrture on frAed assels below £5 is written off in the year of expense. DÈprÈeiation DÈprÈuion is (2lcAJlated lo vffite off the ¢xJst orvaluation of an asset, less its residual value. over the useful economic lrfe ofthat asset as follows". Freehold land Freehold pioperty exduding the Study Centre Study centre Attachments to land Ifenang, Lx)ardwJks. etc) Plant and equipment Not deprwaled (see note below) 60 years straight line. 25 years straight line. 10 years straight line. 10 years straighl line. Note". Becatjse no valuation ts available for Wthymead House separate frcffi its SUTrounding land, deprecialion has been pnmded on the entire htstoric cost of £825,(XMI. Investments Listed investments are measured at fail value with thanges in fwr value being rognISed in income or expenditure. IEwestmenls to be held fortheir lonterm Fotential are capitalised in the balan¢e sheet, initially al cost. Investment property Investment property is intbally rewrded at (x)sL which ilU(S txjtthase price and any directy attributable expenditure. Investment property is revalued to its fair vaue at eath reporling dale and any changes in fair valuè a recognised in income or expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an Ttem of investsnent property, rt shall be transferred to tangible assets and treated as such until it is expected that fair value will be relHbty measurable on an onwng bas¢s. Financial irtstwments Finanaal instruments a dassffied and acownted for, am)rding to the Substan of the cx)nlra¢iual agreement, as either finanaal assets. ffinan(ial liabiltb"e$ 01 equtty instruments. An equity instrument is any contract that eviden a resi¢Yual interest in the assets of the company after dedudin9 all its liabilitEs. 12-
The Anne Carpmael Trust (CIO) Notss to the Financial Statements For the year ended 31 March 2025 Donallon$ and l¢gacie Unrestiide Funds ReStted Total FuThls Funds 2025 DortatiDns DonatK)ns Grft aid repayment Grants receae 5,388 883 4.695 10.966 5,388 883 107,047 113,318 102,352 102.352 Unrestrided Funds Restricted Total Funds Funds 2024 Donations Donations Gift aKI repaynt Grants receNable 4,227 726 1,500 6,453 4,227 726 12,157 17,110 10,e&7 10.657 Income from charitable activities UnrestrFCted Total Funds Funds 2025 Unrestricted Total Funds Funds 2024 Talks to local organisations Organised visrts and tours 100 233 333 10) 233 333 271 75 271 75 346 Income from other trading activities nStn"te Total Funds Funds 2025 Unrestri(*ed Total Funds Funds 2024 Sales of cream teas, honey and g¢yxk 2,529 2,529 2.529 2.529 Investment income Unrestricted Funds Totsl Funds Untestricted 2025 Funds Total Funds 2024 In¢x)me from list investmer 8ank interest receivab Gross rt ¢e1Vable 825 825 941 14.4Th) 16,641 941 14.4 16.641 14.4 1 S,605 14,400 16.065 Other ineomè Unrestrided Totsl Funds Funds 2025 UnSti)Cted Total Funds Funds 2024 Fishing rights and WaeaVeS Compensation trom bk 178 178 179 450 629 179 450 629 178 178 13-
The Anne Carpmael Trust (CIO) Notes to the Financial Statements For the year ended 31 March 2025 Costs of raising donations and legacies Unrestrted Total Funds Unrestride(f Total FuFtds Funds 2025 Funds 2024 Enlertatnment of Friends ofwthynwd Postage. ststionery and other 57 81 138 57 81 138 73 73 73 73 10. Investment management Costs Untestrthd Totsl Funds unrestrict Total Funds Funds 2025 Fun 2024 PortFolio management InvestnEnt property management costs Investment property ThaIntenan costs 321 1,958 201 1,858 201 1,858 1.958 2,279 2.279 2.059 2,059 11. Expenditure on ¢haritable activities by fitnd ty Unrestricted Funds Restsicted Funds Total Funds 2025 Maintenance of property Running costs Trad¥ng costs Professional fees Depreuation 5,970 6,497 1,316 1.380 20.420 35,583 5.483 11,453 6,497 1,316 1,380 30,005 50,651 9.585 15,068 Unrestricled Funds Restricted Funds Total Funds 2024 Maintenance of property Running costs Trading (x)sts Professional fees Depreaation 8.285 4.837 1.241 4.407 20,029 38,799 9.607 3,4 17.892 8,327 1,241 4,407 20,029 51.896 13.097 12. Expenditure on charitable adivitses by activity type Unrestrthd Restricte(l Totsl funds Funds Funds 2025 Totsl fund 2024 Charitable 8Gbvty Govemance costs 37.958 780 38.738 11.913 49,871 780 SO.1 51,116 780 51,8 11,913 14-
The Anne Carpmael Trust (CIO) Notss to the Financial Statements For the year ended 31 March 2025 13. Net gainsl(lossesl on investmenls Unreslricled Total Fund Funds 2025 Unrestri(ed Funds Total Funds 2024 Gainslllossesl on liste(l investsnents Realised Unrealised 467 467 467 Gain on revaluation of investment propety 467 467 14. Net income lexpendityre) Net IrMe {expendititre) ts slated aftercharging 2025 2024 Oepretiation of tan9ible frxed agsèts 20,029 Independentexamination fees 2025 2024 Fees payat4e lo the indepen(krFt examirw for examatiOn of the fin1? statements 780 16. Staff costs The total staff costs arhj empbyee beneffts for the reporfing riOd arè analysed as ftAI(Ms.' 2025 2024 The average head count of employees duiing the yearwas NI11224. NID. No emFAoyee receNed employee benefils ol than £60.(JY) during the year {2024.' Nit). 17. Trnstee remunerdtion and eXn$ No tnjsleè was pd forthe provigon of goods or services to the thaiity12024. nll. -15-
The Anne Carpmael Trust (CIO) Notes to the Financial Statements For the year ended 31 March 2025 18. Tangible fixed assets Land and buildings Equipment Totsl Cost At 1 April 2024 Addrtiorks in the year Disposals during year Cost at 31 March 2025 1.276.704 95,855 7.930 6,431 1,284,634 102.285 1.372,558 14,361 1.386.919 DepciatIon At 1 April 2024 Charge for the year Disposals during year At 31 March 2025 359.513 29,198 7,766 367,279 30,005 388,711 8.573 397,284 Carrying amount At 31 Mah 2025 983.847 5,788 989,5 Al 31 March 2024 917.191 164 917,355 The freehold property was valued in May 2022 by James Elliolt IMNAEAI of Davts Tate. This valuation was 8 desktop update of previous valuats'ons. The marketvalue was considered to be £3,742,OfX) at 31 March 2022. The trustees con&der that this value is unchanged at 31 March 2025. Stalisffield Cottage, in whith the charity holds a ieversionary interest, is held in tangible red assets as Ihe irustee5 are unable to obtain a reliable measure of value thout undue cosl. 19. Investrnents Listed imiestrnents Investrnent propety Total Cost or valuation At 1 April 2024 Other movements Carying amount at 31 March 2025 575,C 633,386 307 633,S93 307 58,693 575.000 Al 31 Mard) 2024 575,000 633.386 All investments shown above are held at valuation. The listed irNestments are held in an (yerkended inveslment fund managed by Chartes Stanley & Co. The investment proFW, Springfield Cottage, is 0)dered material in temis of value, representing more than 50 of the charity's total investments. The investment property was valued during May 2022 by James Elliott IMNAEAI of Davis Tate. The matket value of the property was u)nsKJeFed to be £575.W) at 31 March 2022. The trustees consider that this value is unchanged at 31 March 2025. 20. Debt0 arKI prepaid expen*s 2025 2024 Grants rÈceNable Ppaid expenses Gift Aid due Other debtors 6,6S5 1,206 4,671 1,019 132 350 6.172 250 8,141 -16-
The Anne Carpmael Trust (CIO) Notes to the Financial Statements For the year ended 31 March 2025 21. Creditors: amounts falling due within one year 2025 224 Accruals and deferTed inu)me 1,554 22. Analysis of charitable funds Unrestricted funds General funds At 1 April 21r24 Incorne Expenditure TransfeT fr(xn Resthcte(l FuThJs on captslisation of asset Gains and Ilossesl on investments At 31 Maith 2025 1,604.202 30,804 (37,935) 6,431 467 1603 969 At 1 April 223 InGome Expenditure Transfer from Restitted Funds on tstxtalisatiM of asset Gains and Ilosses) on investments At 31 March 2024 1.614.132 26,022 140,9961 1,604.202 During the yearthe tharty receNed a rEStFIc grantfrom Oeparbnenl of Envimrnent and Rural Affairs for improve accessibilty via seating. The cost has been rapitalised and the corresponding amount of grant has been Iransferrwl from restn"¢Aed fun(ts to unreslrthl fur)ds Vthere depre(iation will tharged over the life of the asset. The Trustees have 8greed to set wde a de5wnated reserve of £41.lJJJ lo enable allemattons and ac81tH1 enhan(ments to Ihè Sludy C. Restricted funds Al 1 April 2024 In¢yyne Expenditurel Transfer At 31 March 2025 oxfordshi County Council ChiKem Conservation Board Department of Environment and Rural Affairs Mend the Gap (1,5001 (360} 16.685) 12,954 21.499 360 36,685 63.807 I.0 102.352 30.000 51,903 81,903 At 1 Aprd 2023 At 31 March 2024 Income Expend¢tu Gatehampton Trust Dorothy Holrnes Tttsst South Oxfordshire District CO1 Goring Fishing Club Oxfordshire County CouThil Goring Gap News ChTltom conservats" Board Mend the Gap (5fK)} {1,(KM)I I1) [2,1} 12.986} {2,(Kill {3,1711 2,986 1.(J)) 1.000 3.171 1.050 1,050 3.4 10.657 13.09 -17-
The Anne Carpmael Trust (cio) Notes to the Financial Statements For the year ended 31 March 2025 22. Analysis of charitable funds ¢ontinued The restrided furKls are held forthe folh)wro purposes: Oxfordshire County Council" funding for essential tree surgery iequired for h8aith and safety purposes. Chiltem Conservation Board.. a grant was provKled under the FamiiThJ in Protected Landscapes Programme to fund training in sChIng Departmènt of Environmerrt and Rural Affair5". two grants were recewed. £30.( as match funding for the new boardwalk project and £6,685 to unprove accessbility via seabng and bicyde rad¢s. end the Gap.. a grant to erble the replacement and upgr ofthe ojrrent boardwalk in Wthymead to gne that wll allow access lo the reseNe for those with mobilty problems. 23. Anatysi$ of wets between funds General Reserves Restricted Reserves Total Fund balances at 31 March 2025 are represented by: Tangible fixed assets Investment Current assets Currerrt b.ats"leS 3,367 633,893 68,463 1.554 1.603,9 989,635 633,693 64,098 14,3651 81,3 1,685,872 General Restricted Reserves Total Fund balances at 31 March 2023 a represented by: Tangible fixed assets Investment Current assets Current liabilitses 917,355 633.386 55,016 1.554 1.604.203 917,355 f3,386 56,066 1,554 1.605.253 1,050 1.050 24. Related Party Trar&7ctÈons There were no reled party transaclK)ns reqL¥ring disdc6ure. -18-