Charity regSr10n numlw.. 202996 The Witney Town Charity Annual Rewt arKI Fi[Wal Statements for the Year Ended 31 March 2025
The Witney Town Charity Contents (continued) Trusts8s Rep)rt Ito6 Independent Examine¢s Rewt Statement of Financial Adivitiè5 8t09 B818r Shaet 10 Notes tothe FinarKial St*empJts 11 to22
The Witney Toyffl Charlty Trustees Report Th8 trustees present th8 wnual reporn iogettr wilh the finrtial emenls of the chartty for the year ended 31 March 2025. Objthes and acllvld88 The Charity's objects aro the application of Income after defraying the CO of mainiainirg the WOFerty of the charity and the adminislralion and magement of the charity on the following.. a) for the benef of Ihe rdents in the almshol of the charity or any d them In a manner as the Trustses think fitfrom time to tirne. bl for ts rdtef d n1 in relieviThJ eittr generally <x individually persons dent within Ihe area of benefrt who are in condilions of need, hardship or dislTe55 by making grants of money or providing or YINJ for item5. servi$ cy fltieS calated to redu the ne&J, hardslNp or th'stress of such lsonS. cl the TYu5tees may Fey fry such items, servlces cff faclllties by vdy d donatbn or subscripiion to instituknons or organisatmjns vthich provide or which undertake in retum to provide such items, ServIS or f&ille$ for such persor6. d) in eXCe10nal cases the Trustees may ant relief to persons ott¥98 eligible therefore are resident immgjiately oulgde Ihe said area but in the opinion of TrLeeS oughi never1hefess for Slrfficient reason lo be treated as rf a rosid8nt thorein who are Icr&l for the time IIng wthin that PublKiJenefft The tfustees ¢onfirni that they have (x)mplied the Irements of sedon 4 of the Charfleg kt 2011 to have due rewd to the publK benefit guidance publishaj ty the Charlty Commisslon for England and Wales. The charitable wrFose for the thrity within the meanirKJ of tr Act is erhrined vmthin its cOJ8cts stat8d above. Page 1
The Wilney Town Charity Trustees Report (contlnued) Achlevem8nts and perfomiance The Trustees have continued to mairtsin. upjate operate th& eighteen AJMshses, as r8quired by the Trust Da. The Trustees have made &grNficant progress In many additnal aspects of the Charty's work. The Almshouses in Station lane have tn fitted wih secondary glazing, at a CO of approx. £15,7tKJ. 12 8 14 Church green have b88n rwcofod at a cost of just ovèr £45,0(KJ. The will te ftN1h8r gnificant cost over the next few years. as Ihe Almshouses will re4uire revracr. The Trustees have more than sufficient reserves to be able to carry out thal work. wln f4uir. Th8 inveslmont woperty P)rtfolio was strwiglFEl iwo years w by the wrchase from resorves of a third housg for SuPPted Liwn9. wthich provides SUFPJI to the community and a reasonable retum for Charity. Trustees have continued to Work with Aspire * the Hub at 14 Churth Green. which provides lo our yourKJ kW)le aged 18 10 25 who may become hom8less without intervention. The Charity provFdes a grant equal to tho rent for years to aid Aspiwe build the service. This will reduLZ to 50% of the rent from July 2025. The Chanty continues to receive a st&ly stream of requests mainly for white gocmls for pe(yle moving into social housing. Grants totalling £43.175 wtre made during the year. Financial review The trustees are of the opinkn that free resertses sWd be mantained at a18V818quivabent to six months expendbture on maintenance aNJ grants. Inc£ne is relaiivdy secure from cornmercialty lel proFerknes aThJ stock market income ha$ not slN)wn any dlne. Any wexpecW major repairs coukl be funded in an emergency by the realisatton ol the lithd investments. At Ihe yeer end. free reserves were £73.308 whth would be equiv8lwx to sx months (rf nornial year on yeai expendilure in 2024125 lexcluthng extraydinary repairs of £91k). Res8rves arè conssdered to be held the Lrjrrect operatTrng Iwel. InvesbTrenfw/tyandoe¢fr'ves The IKUStees seek to hold a medium-risk #Jare portfdio which wll generate an aveoje retum. The propety and stock market investments wwe reviewed and the income generat&J was con%dered satisfactory )nsidering effects of Covid. Adjustm to th& share ponlolio were mad8 on the recommendalion of the Charity's pYofe5sional stockbroker advisor. Dividend and inv8Stment IrMe dreaSed slightly from £53k to £50k. The investment pc4tlolio benefitted from net re81ised and unrealised gains on revaluation of £16k during the yew. The Trustees consider the ¢urrent investment wllcy to be 8FVoale to meet the ch8rity's objectives aTrJ aims P&p2
The Witney Town Chaiity Trustees Report (continued) Refertt and Admlnlstrative Detsils Prfncipal Office: 24 Church Green Wi Oxfordshire OX28 4AT Charity Registration Numter.. Solicitors: 202996 John Weich & Stammers 24 Church Gre8n Witney Oxfordshire OX28 4AT Bankers: CAF Bank Limlted 25 Kings Hill Avenue Kings Hill We Malirrfd E19 4JQ Inde¢xndent Examiner". J Wright FCA Ju Audit & AssurarL* Ltd 37 Market Square Witney Oxfotdshire OX28 6RE The trustees and officexs serving d1rj the year SFn¢e the year end were as follows: Page 3
The Wilney Town Charity Trustees Report (continued) Truste8S.' Mr Ashley Famier, Chair Mrs Juth'th White Ms Amanda Collicut Mr Chris Woodward. Deputy Chair Mr Chris DyeT (resigned 9 September 20241 Ms Melanie Jones Mr Brendan Kay Mrs Kathy Lkldl {resigned 29 July 20241 Dr P1 Watson Mrs Joycelyn ASwnan Ms Rachel CroL Mr Barry Beadle Ms Georgia Meadaws MT5 Jeanette Baker Mr Phlilp Wright (arwlnted 18 March 20251 Senior Marwment l LeaderslNp Mr MaF Baker, Clerk Team: r5 E4h Bwge. Deputy Clerk Siructure. governan and management Nalure olgoveming docuft*nt The governing dument of the charity is the Deed of Trust ISSU in October 1981. as ameTrJod 8 Marth 2007, to widen the area of bfit io West OxfcKtshire with preference ts the town of Witney The Board of Trust888 18 up d fouEtsen uustees, Six of vthich are nominated by Witn8y Town Courtil a of four years and eight Ttee5 apwntgj for five years by resolutiL * a special meeting. Day to day opeTatNJn of the ¢harity is ddegatejj IO the Clerk the charity. Mr Mark Baker. Page 4
The Witney Town Charity Trustees Report (contlnued) The rn?jor risks to which the charity is exposed, as idenlified by th& Trustees. have been reviewed systems 8stablish8d to man4e those risks. Financial instwm8nts The tharity's activrties expose it to a nvmtw of financkgl risks indudir•3 tr11 rlsk, c85h fkjw risk and liquidity risk. The use of fironcid derivaiives is ened by th8 tharity's wlicies aFpiov8d by the tx)ard of truslees, which provide written nCIpleS cffi the use of finarKial derivalives to manage these risks. The charity does not iL$8 dwivative finala1 instwments for SpelatIVe purposes. Cash ffown$k The charl$ a1VitieS expose rl primarily to tt finala1 risks of changes in foreign currenry exthawe rates and ere rates. Interest bearing asse15 and liabilities are hdd at fixal rate to ensure certainty of cash Ilows. Crethtrfsk The charity's Prir1Pal financial assets are bank balances and cash, irale and 1Valle5. and investments. The trrity'S credit risk is primartty attributable to its trje receivables. Tr amounts wesented in the balance sheet are rEt of alloWareS for doub1 receivables. An allowance for impaimienl is made where thwe is an identrfi8d loss everrt Ithich. on prevlous expertenL. is evidence of a thI0n in the r8coverability of thg cash tlows. The Cfedtt rfsk on liquid ffijrbts aThJ derivaknve financk?l instruments is limiled tause th8 counterparties are banks with high credit-ratings assigned by interrlal credit-ratiTrJ nCieS. The Charity ha5 fK> significwrt cxjncfjntration Lrf ue(lit risk, 1th exposure Swead over a large nuntsr of counterparties and eustomers.
The Witney Town Charlty Trustees Report {continued) Statement of Trusiees. R6sponslbllli The tru51ees are responsible for preFArff the Twstees, Report WKI th8 financial slalements in accordance wlth the Unitsd lfjrydom Ace(MJntirKJ Stsndards (Uniled lfjrydom Generally A(zeOaJ Accounting Practice) and ap[Cable law and Tegulatic¥i5. The law appl¢cable to charittes requires the twstee$ to prepare fina181 each ffinarKial year whith give a arNJ fair view of the state of affairs of thg chafity and of the incoming resources and application of resourS of th& Ch for thal riod. In prgparing th858 financial statements, the trlee$ are required to". sdect suitable aw)uMirKJ pofKi8s and ther• appiy them consistentty,. observe the mellth •xl princatAes in the Charilies SORP. make IeMentS and estimates ihat are reasonable and prudent,. stat6 whethpJ applicable a¢countiro staThJards have teen follCwd. subject lo any matwial deparnres disclosed and explained in the financial statements.. and epare the finartial statements on ts going concwn basis less it is inaForopriate lo wesume that the ehaTtty will continue in business. The trustees are e$A51te for keepiry proper acc4)unling recA)rds disclose with reasorwtAe accuracy at any time the finanoal p)sition of the charity and anable to enswe that the fanCIal sW8m8rrts comply with the Charities Act 2011. the Charities IAccoLmts and Flep(Ktsl Regulations 2008, and the provisions of ihe constitution. Tr trustees are also resFL)nsible kn SaguardIng ts assets of the charity and hence for tsking reasonabl8 5tep5 for the prevwrfion arnl datsctson ol fraud aThJ other irregularities. The irusiees are respon5itI9 for th9 maintenante and integrity of the c¥xporate and finarKial information included on the charitable cOMny,S websrte. Legislabon ojverning tt)8 preparats and dissemln8tion of financial stakments may differ from legislation in ottw jurisdictions. The nual rgwrt was approved by the trustees of the charity 16 September 2025 and slgned on Its beha by." r Ashley Farmer TTUStee Mr Chris Woodward
The Witney Town Charity IndeperKlent Examlnerfs Report to the Irustees of The Wltney Town Charity I rewt to the trustees on my examine of the accrAJnts of Th8 T(ywn Charity for the year ended 31 March 2025. Re8p)nslbllltles and basis ol report As ts charty trustees of The Wiliw Town Charity y(w are resn5118 for the ryeparation d the attoLrts in acCOrdar wtlh the requirements of the Charities A£t 201 I fthe ACVI. I rep1 in resFeCt of my examination of thg Th9 WFtney Town Chartty's accounts carrted out under tiOn 145 d the 2011 Act and in carrying oui my examination I have folltyyed all the applicatJ& Direclions giv the Charity Commission under section 14515)(bl of the Act. Indgpendgnt examingr'$ slalemenl I have completed my examination. I confirm Ihat material m*lers have (xyne to my attemlon in onfkgction with Ihe examina11t glviryJ me cause to bg11gvethat in any matertal respecl: 1. accotIng erdS were not kept in Tespecl ol The Wifney Town Charity as requKed ty lon 130 of the Ad.. o 2. the accounts do not accord with those records,. c 3. the accounts do not comply wlth the &countiro requ1Me8 ¢onceming the form and co[ent of accounts set out in the Charities (Accounts and Reports) Regulati$ 2008 dher than any requirement that the accounts give 8 and fair view whith is not a matl8r consid8r8d as part of an indepen(knt examinabon. I have concems armd have come acmss no other matters in connecti<)n with the examination to whbth attentKm should dbwn in this rewrt in ordw to wable a prOr KIerstalIng of the 8ecounts to ie J Wright FC Just Audit & Assuranee Ltd 37 Market SI[e Wiiney Oxlordshire OX28 6RE 17 September 2025
The Witney Town Charity Statement of Flnancial Actlvltles for the Year Ended 31 March 2025 Totsl 2025 Unrasirfcted Restrlcted Endowmenl Income and Endowments Ir<Mn: Donations and leg&res Investment irthme Other ir#xme 172 49.847 158,112 172 49,847 158,112 Totsl Income 208.131 208,131 Expenditure on: Charitable activiknes Other exppn(fibJre Property maintenance and admirmrat10n Inv88tment management Total Expenditure Gainsl{losses) on investment assets 14 80,613 80,613 140,388 12.812 153.200 9,771 230,794 12.812 243,606 15,830 Net expeThJiture {6,833} 810 (12.8121 810 119,645) Net movement in funds 17,6431 (12.0021 119,645) Re(x)ncll'8tion of funds Totsl fijnds brht fory Total funds carried foTh*rard 1,355 997 12.002 2.516.377 3,884.376 10 2,516,377 3,864 731 The notes on pw 11 to 22 frwm an inle1 part (rf the8e finawal statemgnts. Page 8
The Witney Town Charity ststement of Financial Adivities for the Year Ended 31 March 2025 (continued) Totsl 2024 Unrestiicted Restrictsd Endowment Income and Endobb7ne from: Investment income Other income 52.715 130.043 52,715 130.043 Totsl Income 182.758 182,758 Expendlture on: Charitable activities Other ex(.tuTe Property maintenance and dmini5tralion Investment managemerrt 14 61.992 7.231 11.9L%S 73,898 7.231 76.933 10,888 76,933 10,888 Total Expenditure Gainsl(Ios8es) on investThwt 157,044 11, 168,9SJ 60.569 60.569 Net 1me/{exF¢ndth) Gross transfers tetween funds 86,283 583.849 <11.9C6) 74.377 579.191 Net rnovemwrt in funds 1497.566) 17.248) 579.191 74.377 Recondllatlon of fund$ Totsl funds brought fryward To1 furthjs carrd ftyward 19,250 1,937.186 10 1,355,997 2,516,377 3 884 376 Al of the c*arity's activ+lies thrivelrom conlinung operat$ thrirvj the atrfjve two pwicKJs. The fund$ bwkth)wn ts 2024 is sh(hvn in 10. The rths pages 11 to 22 fomi an integral part of these finartial ststements.
The Witney Town Charity (Registration number: 202996) Balance Sheet as at 31 March 2025 2025 2024 Fixed assets Irwestmerrts 3.791.4Y3 3,834.504 Currenl assets Debtors Cash at bank and in hartha 6,317 77,586 83.3 6,645 46,958 53,603 Credliors: Amounts falling due thrflhln one year 10,595 3.731 ¢urreni assets 73,308 49.872 Net assets 3,884.376 Funds of the (thadty: Endowment lunds 2,516,377 2,516,377 Restrlcied income funds Restricted fwwjs 12.002 Unresmded Income funds Unre$triCkd 1,348,354 1.355.997 Tolal fvnd$ io 3.864,731 3,884.376 The finanual stateMts on pages 8 to 22 were appyoved by the trustees, arKI authorised fty issue on 16 September 2025 aj signed on their bgh*f by: Fam Trnstea ilr Chri5 Wc(thar(I Tnjs The notes page5 11 to 22 fom an integrai p¥t of these finarxial slatements. Page 10
The Wilney Town CharEty Notes to the Finandal Statements for the Year Ended 31 March 2025 1 Actn16n0 rKJlicles Statemont of complianL The financial statements have been prepar1 in acccthnce with AttounliThJ and Reporting ty Charities: Statemeni of Remmended Practts applicabfe to ehariues weparing their accounts in accordarkce the FFnan¢ial Rewjrting Standard appIable in UK and Republ of Irel&d IFRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS 1021), the Firtanaal R8pOrt1 stth applicabl8 in the UK and Republic of Ireland (FRS 102) and the Charitles Ad 2011. 88sls of prepar8tio The Wrtney Town Charity meets the definiti of a public Lnefft entty wxler FRS 102. The accounts lfinaneial statementsl have been prepared under the hisiorieal Cost coNenticfi with items recoanised at )st or transactlon value unkn othervAse stskny in the relevant note(s) to these aco)unls. Golng um(xm The trustees consider that there are no material rtaintses atart the charit$ atilty to Contin as a ing C(cern. Voluntary inccffle incluthNJ donations, gifts, leg&ies and grants that provide core funding or are of general nature is recognised when the cgaiity has entitment lo the income, it is prObae that tr irtome will be received and the amount can be measwed woth sufficient reliabilty. Donations and legaues are regniSed on a receivable basFS th receipt is probable ar Ihe amount can be Feliaably measured. Expenditur8 All expendituro is r8CO3nised 08 thare is a legal (Y constructive iligw to th expwditwe, it is probable setuement is requireA the amoLrt tan be measured Telbly. Costs are al1rted to the applicable expenditure haadbng ihat aggregate similar Costs to that categ(ry. lfftre costs cannot be threcdy attn"buted to particular heaitings tsy have been allocated on a basis Cc61s1ent with the u58 of reSoUs, with centrat slaff coas allad the basis d time spent. and de[talK)n charges allLtated (y) the wrtion of the assevs use. Other SL4)Wrt cosls are allocabj based on the spread staff costs. Charitable exFEnditwe eomprises those costs incurred by the chlty in th8 d81iv8ry of its aclivities aTr setvices for its beneflarias. It include5 both costs that can be allated diredy to such activities aTr those costs of an indirect nature necessary to support them. Provisions for grants are mth en the Intenon to mak8 a gra has teen commuNcated to tha pl1 but there Ss UnrtaInty at)Jt either the timing the grant LY the anhjunt of rya)t payab. Page 11
The Wiiney Town Charty Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Value Added T8X Wrtney Town Charity is not registered for Valug Added Tax. In the finaniial statements expenditwe is $hown induave of VAT. Such irTecoverat4e VAT Is ch Jainst the categcry of resources expeThJed for which it was irtlwred. Apportlonment of management expenses Management expenses ai8 apwTtioned betw investmont mariaggment ujsts. Ctroritaie acti1&8 aTh govgmance costs on th8 basF5 of the time engagetl. Governanc? costs These indude the costs attributstrfe to the charity's compliance with ¢cmstiiutional and stslulory requirements, inclLJing audi, strategic managenl and trustees meetings and rwmburs8d eypenses. T8xallon The ¢harity is Consider to pass tests sel out in Paragraph I sjUle 6 of th& Finance Act 2010 and therefore it meets the definititjn of a charitable CoMnY for UK corporation tsx FWP)ses. Attudingly, the charity is potentially exempt Irom wtion in respect of irKome or capitsl gains reived within categofigs covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 CO the Taxation of Chargoabl& Gains Act 1992, to the extent that such income or gains are applled exdusITy to charitaE4e purposes. Freehold prOrtieS Freehold properties (the Am5houses and small plS of lKI) are induded in the atcounts * nil cost as these were donatad to the charity at ils irteption. ImFovements made to th8 WQFerb8s have slN)%•n a8 addlllons to fued assets 5irKe Myrth 1993, but then fully depreciated in the year in which the costs were incurred,. previous to tFMS date the costs werg immedialely written off to income and expenditure account. The rgsult of this treatment leaves assets with a not b)ok value of nil vthieh in the opinion of the trustees fully rdects th"r market value due to re8triclioro placed w their use aThl the lack ofwry n7aterFal )rme do1?ved frLNn them. Inveslment proFrtles Investment INopeity is carr at fa.r value. derived from ihe current mark81 price5 for comparable real estate determine(I periodieAIty ty external v8luers. The valws use observable market phces, Jusd if necessary for any drfference in the nature. Icthtion or corvjition of the sOfi¢ asset. CharwJ8s in fair value are [nised in income and expenitwe. In the interim valuaiions are provided by the Trustges with skn regard to the yields teing obtsin9d, Ictal markets arwj PTice ¢haNJes since the last ft¥mal valuation. P>Je 12
The Witney Town Charity Notes to the Financial Statements for the Year Ended 31 March 2025 {continued> Fixed 0s88t inveslments Fixed asset investnts. othgr than relaled investments, are induded at m8rf<et valuè al the balan sheet date. Realised gains and losses investments are caCulal as the difference itheen sales proceeds and their mafkel value at the slart cl the year. or thetr SLUent cost. and are tharged ¢7edited to Ihe Siatement of FinarKial Acllvities in Ihe peri¢)J of thsposal. UnTealis&J gains arKI losses represenl the m¢)vemenl in matet values the year and are credited c chty to the Ststement of Financial Aclivities based on Ihe mathet Val at the yesr erNJ. Cash and 5h gquivalents Cash and cash equivalents comwise cash on hand and ¢all deposits. and Olhw stKrt4erm highly liquid investments that are readily converbblé lo a krw aThvJunt of cash and are Subje io an insignificant ri$k change in val. Forgign exchang Tran5attions in foreign curferKies are rOrded at the rale crf exchange at the date of the trans#¢ti. Monelary assets and liabilltigs d9nominaled in foretgn currencies at ihe balan Sheet date are retorted at the rates of exchaThJ8 FY8vailirvJ * tst dale. Resources expended A grants sUmmittee meets monthly to consKler those applications re1Ved from third parties such as sttial services Citizens Advi or C<)nnection ftoating supp)rt. These apptications are for the religf of hardship or distress as set out in the govemlng document. No apk4icatK)ns are m directly by n*mbers of the wblic. The Charity considers that in this they can be a$sed of the g&)UInen of the need. Typically the applications ar8 to those relying on stat8 benefits esp8cially when they are moving from ppted hyjsing to indyrKlent livir¥J. Fund structure Unre51ricled income funds are general fuThJs ttHt are avaitatle ts Loe * the trte8$ discrelM)n in furtheRnce of the otyectives d the charity. Restlted income funds we tkne donated for use in 8 ParticLar area or for specific purtx)ses, th8 use of whlch is restrict&J to that area or pwp)se. Pagg 13
The Wrtney Tovffl Charity Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Endowmnt funds The en(hywrrw)t furAI was created in 1981 when Ihe Cty was formgd from the amalgamation (rf several smaller local ¢haritigs. This thJrKI comprised the Almshouses, several small parcels of land, other Propert held as investments. loans to WODC ar other listed inve51ments. The Kwme d8rivlry from these was to lI1$ea by the charity io cany its obj.ects in the year aTrJ also to fund cyekal repalrs and maintenance and the extraordinary repairs reseFve (see below). CydI1rePSAs8ndMs1nIen8nCe The charity has estsblished a regular prcyamme (rf cydical repairs arKJ maintenance. C¢)sts are charged to the revenue account in the year in which tlw are Incurr&J. ExtraordinaKyrewi5 C()sts d extraordinary repairs. unless representing improvements to Ihe proFwlies tharged to the revenue a¢nt in the year in which they are in(yJrr&Y. E¥tsordin8ryrnpwrs r This fund w8s estsbIistd as part ot the origina d* for the puw of providing the extraorithnary repair, improvement or re-building of the Almshouses and ottw prcre¢ty bdowing to thg charty. to maintalned by the transfor of £810 yearly from income. Flnanclal Instruments Financial assets and financial liabilities are reco9ni8ed the charity teccrfnes 8 party to the contractual pmisi¢ms ofih& instrument. Financial Ilabilitles and eqiity instruments are classified according io the SUbsee ol the contrac1 arrangements entered inlo. An equty inslrum8nt is Y ¢ix)traet that evidenees a residual intwest in the Ssets of the ¢haiily after deducting all of its liabilities. Pag8 14
The Witney Town Charlty Notes to the Financial Slatements for the Year Ended 31 Marth 2025 (contlnued) All financial assets arnl liabilities are initially measurgj at transaction Pri lindLK#ing transaction costs), expt for those finarrial assets elasstfied a$ at fair value through profft or loss. which are initially measured ai fair value Iwhi¢h 1$ normally the transaction prrce excluding tr8nsactron costs). unless the arrarvJement eonsiitutes a finanung transaction. M an arr8n9gment const1189 a financlng transaction, the financaal 855et or financial liability is measured al th& present value of the future payments discounted al a mthet rate of interestftr a 5imiL3r debt instrum8nt. Fin8nclal assets and liabilities are only offset in ttle statement of financia pjsition when. arKI onty when Ihere exlss a legally enforceable righl to set off the reLwnised amounts and the intends ther to settle on a net basis. or to realise the asset and settle the Ilability simultane¢)usly. Finanraal assets are derecognisad and lY %then al the contr*ual rights to the cash flow5 from the financial ass8t expire or ar8 settled, b) the charity transfers lo another party 5ub5kntially a1 of tlte rlsks and rewards of ownership of the ffinaneial asset. or c} th8 charity, despite having retained som8, bul t all. significant risks and rewards of trwnership. has transferred control of the asset to another party. Finan¢ial liabilities are deTecognisgJ only when the rtAIgatI specified in tho contract is discharged, cancelled or axpir8S. 2 IncTh from donallons and legad&s funds Gar1 Total fvnds DINtiOnS andlggacies; Donations from individuals 172 172 Totsl for 2025 172 172 3 Investment In(a)me untrIcted furKIs General T¢)tal fvnds Interest receivabk arKI similar income,. Interest receivable on bank deFKJsi15 Other income from fix&J asset investsnffits 472 49.375 472 49.375 49.847 Total for 2025 49,847 Total fDr2024 52.715 52.715 Page 15
The Witney Town Chaty Notes to the Financial Ststernents for the Year Ended 31 March 2025 (continued) 4 Other ineome Unreslrlcted funds General Total funds Rental ineeme Oth&r income 151,652 6,460 151,652 6.460 Totsl for 2025 158112 158112 Total ft)r 2024 130,043 130.043 5 T8X8tk The charity is a regislered charity is Iherefore exempt from taxati. Page 16
The Witney Town Charity Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 6 Fed asset investments 2025 2024 Inv8stment protwti8S Other investments 2,516,377 2,516.377 1318 127 3,791,423 3,834,504 Invgstrneftl properties Investment propth11es Cost or Valuation At 1 April 2024 2.516,377 Provl$lon At 31 Marth 2025 Net book value At 31 March 2025 2,516,377 At 31 March 2024 2516377 The valuion pIded above is (knved fr(Mn raiwls eamed from th8 investment rwopgrties; the rentsls having due regaid to those hievable witPMn the resrctive locales. No extem81 valualioft was czrrted crt this ye8r. Liste(I Investrnents Total Cost ow Valuatlon At 1 April 2024 Revaluat Additions Dlsposals Al 31 March 2025 1.318,127 1.318,127 15.830 15.830 87.782 87.782 146.693 146,693 1275 046 1275.046 Net bjok value At 31 Marth 2025 1.275.046 1.275.046 Ai 31 March 2024 1.318,127 1.318.127 Pèje 17
The Witney Town Charity Noles to the Financial Slatements for the Year Ended 31 March 2025 (contlnued) Slgnlficant holdlngs The following inthvidual investMts comprised ovw 5% of ts value cl the p0110 {24- nor•l: Unilever PIC Ord GBPO.031111- £86.94316.8%) NESTLE SA CHFO.10 IREGDI - £98.66817.7%) 2025 2024 Prepayments Other debtors S.533 1.112 1,718 6.317 6,645 8 CreditoN amounts falllng due wlthln one year 2025 2024 Trade creditors Olher creditors Accruals 6,706 1,729 2,160 10.595 796 950 1.985 9 Commllments Other financial eA>mmitments The total amount of other financial commitments Th)t provided in th8 fina81 ststemenls £Nil12024- £Nill. Page 18
The Vthnoy Town Charfty N(e5 iothe Financial statem for the Year Ended 31 2025 ({J1nUed) 1DFur#l8 Bthceat 1 Bokrye al 31 ri12024 Ur(%5 exp ynsllSJwsl IA$r¢h 2025 G8Mr81 1255.7 208,131 ¥J,7941 {8101 15,tsJ 1a48,354 12.(ff2 112.8121 810 2A36277 2.596.377 3.864.731 T(4•lfjJ¥Js 3.8B4.376 208 131 1&830 Pw• 19
The Wim•y Town Chartty Notes ts the Finan(xBI Statements forthe Year Ended 31 Marth 2025 (continL1) Cmher bJnrE¢r•Jnl8d Bslant•t 31 Transfers gakn¥(bJ8ft8BI Marth 2024 UnFeglrfd•J 1.853,563 182758 157,044 583,849 IJSS,997 7.049 l.C¥19 11.192 110.4371 11.4691 Nth W4siOxon 810 19250 (11.9) 12,002 1.937.IE6 579.191 2 516,377 Tcl81
The Witney Town Charfty Notes to the Flnanclal Ststements for the Year Ended 31 March 2025 (continued) The Spe0f purp)ses for which tha fu19 ale to b& 8pplied are as follows: This lund was creabj In Serrtember 2010 on the receipt of £16,460 from tha dissolulion of Age Cmm Witney; the mCleS are Ltsed to hdp th8 elderty ofwrtney. North and West Oxon Carers In October 2011 the charity received a ckjnation of £15,302 from the dissolulion of the North and West Oxon Carers cene. The mormes are io be used to ¢arers in the area. Extraordinary Repairs Reserve FUTr The fund was Creed the purpose of provirfing for the extraxdinary repair. improvemenl r&bJilding of ts AJmstrvJuses and other propty belonging to the charity. The fund r&eives an anThl transfer of £810 from Unrestrlcted Funds as requlred the Ct&3rMy'8 11 Anaty818 of ngt as6ets belvffjen fund8 Unwestrlcted Geral Endowment Expendable Total fvnds Fixed assel inveslments Current assets Current IlatH'litses 1,275,046 83.903 10,595 2,516,377 3,791.423 83,903 Totsl net assets 1,348,354 2,516 377 3,864.731 Unrestrlcted funds General ENlov4ment Totsl funds at nds 31 March Expendable 2024 Restricted Jnds Fixed asset investmen Current assets Current liabilities 1,318,127 41,601 3,731 2,516.377 3,834.504 53.603 12,002 Toial net wets 1355 997 2 516377 12 Related party transactions There were no related paty transacticms in ts year. Page 21
The Witney Town Charity Notes to Ihe Financial Ststements for the Year Ended 31 March 2025 (continued) 13 IndeWent examinees remuneralon 2025 2024 ExaFrHnation of the financial 5&tements 2.216 1.893 14 Tolal resources expended Totsl Unrestricted funds GeneTal TotsS fvnds lunds Grant luThlirYJ of activities Allo¢*d suppsxt costs 43,175 34,841 43,175 34,841 2.597 Totsl for 2025 80.613 Tolal for 2024 11,906 15 Tfustees temunerailon and expense5 No truslees. any persons connecied with them, have received remun8ration fr(xn the charity during the year. Trustee Indemnlty Insurance Trustee ItKlemnity Insurance 01 £381 was irturred behaff cl Trustees12024- £3811 Pago 22