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|
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||||||||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|||||||||
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||||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|
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||||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|
|6|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|
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|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|||
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