2021-12-31-accounts - The Oxford Preservation Trust

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ANNUAL REPORT OXFORD PRESERVATION TRUST 2021

Trust Objectives
Honorary Vice Presidents,	Trustees	BtArea Patrons
Trust Structure
Trustees' Report
Foreword from the Chair			7
Trustee Activities			7
Trustee Matters			7
Team Matters			7
Land			7
Properties			8
Awards			10
Swing Bridge			10
Oxford Castle			11
Planning			12
Oxford Open Doors			12
Communications			13
Membership			14
Financial			14
Financial Report			17
Acknowledgements			42
College Members			42
Corporate Members			42
Betjeman Circle (Patrons)			43

							2021	2020
							E	E
ORDINARY ACTIVITIES
INCOME
Ivlembers subscriptions							89,014	77,375
Investment Income							116,121	105,325
Rental and other income	from land and property						216,106	171,168
Grants and donations for	projects						330,996	366,919
Other restricted income							52254	130457
Total income from ordinary activities
EXPENDITURE
Expenditure on land and	property						177,477	182,511
Projects							703,414	282,006
Planning, scrutiny and advocacy							69,788	80,543
Education, membership and administration							270190	269121
Total expenditure on ordinary activities							~12	81L(51
Net (deficit)/surplus on ordinary		activities					(416,378)	37,063
OTHER INCOME
Income from legacies							27,515	40,513
Realised gain/(loss) on fixed assets/covenant
Realised (loss) on investments							~6671
Overall (deficit)/surplus	for the	year excluding		unrealised
investment gains/(losses)
The (reduction)/growth in	our restricted		reserves	which	is included	in our
overall (deficit)/surplus for the year (see note 12				for details)

				Unrestricted	Restricted	Total	Funds
			Note	2021	2021	2021		2020
					f.	E		E
Income
Grants and donations			2	256,431	191,094	447,525	484,807
Income from charitable	activities		3	216,106	52,254	268,360	301,625
Investment income				116,121		116,121	105,325
(Loss) / Surplus on dis'posal offixed
assets/ covenant
Total income					~24	8320K	~17
Expenditure
Costs of raising funds			18	48,532		48,532		43,439
Charitable activities			4	478034	694303	1 172337	770742
Total expenditure					69443	~122
Net income and net movement		in funds
before gains and losses on investments				62,092	(450,955)	(388,863)		77,576
Gains/(losses) on investments
Realised			8	(6,671)		(6,671)
Unrealised			8	376205		376205	104979
Net income and net movement		in funds		431,626	(450,955)	(19,329)	182,555
before transfers
Transfers between funds			12	411710	1710
Net income and net movement		in funds		433,336	(452,665)	(19,329)	182,555
for the year
Reconciliation offunds
Total funds brought forward				~7			~71	4
Total funds carried forward					1SL699	~74

						Unrestricted	Unrestricted	Restricted
					Note	2020		2020	2020
							E	E	E
Income
Grants and donations					2	212,171		272,636	484,807
Income from charitable		activities			3	171,168		130,457	301,625
Investment income						105,325			105,325
Surplus on disposal		of	fixed	assets/
covenant
Total income
Expenditure
Costs of raising funds					18	43,439			43,439
Chadtable activities					4	~496	7	273935	770742
Total expenditure
Net income and net	movement			in funds
before gains and losses on investments						(51,582)		129,158	77,576
Gains/losses on investments
Realised					8
Unrealised					8	~104	7		104 979
Net income and net movement				in funds		53,397		129,158	182,555
before transfers
Transfers between funds					12
Net income and net		movement		in funds		53,397		129,158	182,555
for the year
Reconciliation offunds
Total funds brought	forward
Total funds carried	forward

			Note		2021			2020
FIXED ASSETS
Tangible assets					1,816,147			1,823,766
Heritage assets Investments					911,330 ~711			911,330 322M%
					6,845,288			6,505,955
CURRENT ASSETS
Debtors			9	58,219		79,923
Cash at bank and	in hand			521 785		~88	721
				580,004		969,644
CREDITORS: AMOUNTS		FALLING DUE
WITHIN ONE YEAR			10	L88172		1	2704
NET CURRENT ASSETS					49I9278			856940
NET ASSETS
FUNDS OF THE CHARITY
Designated funds	(fixed assets)				6,545,288			6,205,955
Designated funds General funds	(projects)				463,917 ~174 2			452,925 ~771
Total unrestricted	funds		13		7,185,867			6,755,951
Restricted funds			12		~17

				Note	2021	2020
					E
Cash (used in) / provided activities		by operating		15	~484057	~67
Cash flow from investing		activities
Investment income					116,121	105,325
Net proceeds from	sale/(purchases)		of
investments
Proceeds from sale	oftangible fixed		assets
Purchase oftangible	fixed	assets
Cash used in investing activities					116121	~10532
(Decrease)/Increase	in cash in the year				3679	165192
Cash and cash equivalents		atthe beginning
ofthe year					889721	724 529
Total cash and cash equivalents			at the
end ofthe year					5212K	889221

			2021	2020
			f.	E
Legacies
Legacies (not land and	property)
Other voluntary income
Donations &grarits —restdcted		funds	191,094	272,636
The William Delafield Charitable		Trust —unrestricted	45,000	48,995
Donations —unrestricted	funds		60,401	36,451
Membership subscriptions			89,014	77,375
Sponsorship			22,981	3,654
Other income including	excursion fees and sale ofgoods		1'I 520	5183

NCOME
							2021	2020
							6	E
Unrestricted		income	from charitable			activities
Property:
East St Helen Street,			Abingdon				21,855	23,400
Lord's Farm,		Eynsham					17,100	16,500
Stockwell, Boars Hill							36,000	29,638
Turn Again	Lane, Oxford						38,144	35,000
Land:
Boars Hill							16,581	6,556
Hinksey							954	1,908
lffley Glebe							678	938
Kennington							2,530	1,000
Marston							7,324	8,564
Meadow Lane, lffley							6,108	6,108
Shotover							350	350
Swinford							2,800	3,200
Wolvercote		&Godstow					18,972	15,156
Other including grants							35,053	17,089
Other:
Unrestricted		other income					11657	5761
							2021	2020
								6
Restricted income from charitable					activities
Oxford Castle							24,566	92,023
Oxford Open		Doors					23,160	25,500
Rewley Road	Swing Bridge
Heritage Walks
Painted Room
Conservation		Volunteer		Officer
Kennington	Memorial			Field				500
Trust for Oxfordshire			Environment				4528	12434

				Activities
				Undertaken	Support	2021	2020
				Directly	Costs	Total	Total
				E	E	f	E
Land and	Property			177,477	38,391	215,868	222,240
projects				703,414	31,605	735,019	312,452
Planning,	scrutiny		and advocacy	69,788	35,795	105,583	115,441
Membership		Services		41,588	22,722	64,310	63,078
Education				38231	13326	51 557	57531

		Activities
		Undertaken	Support	2020
		Directly	Costs	Total
		E	f	f
Land and Property		182,511	39,729	222,240
projects		282,006	30,446	312,452
Planning		80,543	34,898	115,441
Membership Education	Services	39,045 ~8	24,033 20663	63,078 57531

ALARIES
					2021	2020
					E	E
Salaries					219,948	221,470
Employer's	national	insurance	contributions		17,214	11,746
Pension contributions		(defined	contribution	scheme)	23393	24427

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
			Freehold			Freehold	Freehold		Furniture,
			Land			Properties	Property		Equipment,
		Total				(")	Improvements		Database	Et
									Computers
								f
Cost or valuation at time
ofgift:
At 1 January 2021		1,901,796	1,247,692		'	484,334	101,082		68,688
Additions
Disposals
Cost at 31 December		~117	~1247	2		4~44	~11	2	6K688
2021
Depreciation:
At 1 January 2021		78,030					22,193		55,837
Charge for the	year	7,619					4,045		3,574
Eliminated on	disposals
Depreciation at	31
December 2021
Net book value:
At 31 December At 31 December	2021 2020	~	~			~	~		1221

			Freehold	Freehold
		Total	Land	Properties
		f	f	f
Cost orvaluation	at time of
gift:
At 1 January 2021		911,330	761,330	150,000
Additions
Disposals
Cost at 31 December 2021
Depreciation:
At 1 January 2021
Charge for the	year
Eliminated on	disposals
Depreciation at	31
December 2021
Net book value:
At 31 December	2021
At 31 December	2020
SIJMMARY ANALYSIS OF HERITAGE ASSETSTRANSACTIONS
	2021	2020	2019	2018	2017
	f	f	f	f	f
Purchases
Freehold land
Freehold properties
Donations
Freehold land
Freehold properties
Total additions

8	INVESTMENTS
			2021	2020
			E	E
	Opening market value		3,770,859	3,686,081
	Additions in year		2,144,765	755,649
	Disposal proceeds		(2,133,936)	(737,331)
	Investment manager fees		(22,583)	(20,201)
	Movement in cash held		(17,499)	(18,318)
	Change in market value		376205	104 979
	Closing market value
	Market value ana lysed	by type of investment:
	.UK equities		410,284	792,358
	Overseas equities		2,634,021	1,780,248
	Alternatives		432,900	334,150
	Property		168,905	407,346
	Bonds		342,246	392,650
	Cash		~12 4	64107
9	DEBTORS
			2021	2020
			E	E
	Rental income		36,888	34,749
	Prepayments		10,476	7,601
	Other debtors		10805	37573
10	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021	2020
			E	E
	Trade creditors and accruals

						Unrestricted	Unrestricted	Restricted	Total Funds
							Funds	Funds	At 31 Dec
									2021
									6
	Fixed assets						6,845,288		6,845,288
	Net current assets						340579	1576	498278
	Comparatives:
						Unrestricted		Restricted	Total Funds
							Funds	Funds	At 31 Dec
									2020
									E
	Fixed assets						6,505,955		6,505,955
	Net current assets						249996	606944	656940
12	RESTRICTED	FUNDS
				Balance at		Income	Expenditure	Transfers	Balance
				1Jan 2021		in year	in year		at 31 Dec
									2021
					6				E
	Harcourt Hill			26,120			(1,050)		25,070
	Rewley Road	Swing
	Bridge			477,932		191,094	(652,111)		16,915
	Martyrs Memorial			1,182					1,182
	Oxford Castle			89,41	5	24,566	(11,870)		102,111
	Oxford Land	Fund		8,286					8,286
	Oxford Open	Doors				23,160	(23,160)
	Railings Project			1,132					1,132
	John Thompson		Legacy	2,077					2,077
	Painted Room						(1,710)	1,710
	Trust for Oxford
	Environment			(700)		4,528	(4,327)		(499)
	Kennington	Memorial
	Field			500			(75)		425
	lffley			1 000					1 000

		Balance at 1	Income	Expenditure	Transfers	8r	Balance
		Jan 2021	In )real'	in year	revaluation		at 31 Dec
					gains		2021
						6	6
Designated Funds
Tangible fixed assets		2,735,096		(7,619)			2,727,477
Fixed asset investments		3,470,859			346,952		3,817,811
Lord's Farm		128,550		(72)			128,478
The William Delafield
Charitable Trust		58,745	45,000	(29,791)	(1,710)		72,244
Land purchase fund		119,059	2,000				121,059
Land management	fund	100,927	710				101,637
Flood Alleviation
Scheme		12,333		(9,789)			2,544
Planning				(30,822)	30,822
Rewley Road Swing
Bridge		33 11		1 566			39755
Total designated	funds	6,658,880	55,720	(79,659)	376,064		7,011,005
General Funds		97071	505423	~396810	822		174 2
		~71	561 143	~4764 9
Comparatives:
		Balance at	Income	Expenditure	Transfers	8r	Balance
		1Jan 2020	in year	in year	revaluation		at 31 Dec
					gains		2020
Designated Funds		6		6		6	6
Tangible fixed assets		2,742,748		(7,652)			2,735,096
Fixed asset investments		3,386,081			84,778		3,470,859
Lord's Farm		132,222		(3,672)			128,550
The William Delafield
Charitable Trust		64,769	48,995	(55,019)			58,745
Land purchase fund		119,059					119,059
Land management	fund	106,027		(5,100)			100,927
Flood Alleviation
Scheme		15,753		(3,420)			12,333
Planning				(46,802)	46,802
Rewley Road Swing Bridge		43095		~7			33311
Total designated	funds	6,609,754	48,995	(131,449)	131,580		6,658,880
General Funds		92800	399156	~3480	4 802		97071

ASH FLOW FROM OPERAT	ING	ACTIV	ITIES
				2021	2020
				E	E
Net movement in funds				(19,329)	182,555
Add back depreciation				7,619	7,652
Less: Surplus on disposal of	fixed	assets
Deduct investment income	in investing		activities	(116,121)	(105,325)
Decrease/(Increase) in debtors				21,704	42,106
(Decrease)/Increase in creditors				(30,978)	17,657
Deduct gains on investments				(369,534)	(104,979)
Add back investment management		costs		22 582	20201
Cash provided (used in) / by operating			activities