OXFORD PRESERVATION ANNUAL REPORT 2024 lo
OXFORD PRESERVATION TRUST Report foi the yeor ended 31 December 2024 CONTENTS Tru5tee5' Report fincludin9 Director's Flekx>itl Trust Objective5 ond Activitie5. Public 8enefit. Achievements and PerfonnoncÈ .-..... ....... .. Finonciol Review R15ks. Structure. Governonce and Monagement. Reference orKJ Adrntnistrotive Deioils..-....... .10 Finonciol Report. Trustees, Respon51bilitie5 Independent Auditors. Report........ Income ond Expenditure AcctyJnt. Sloternent ol Fin01 Activitie5 Bolonce Sheet. Statement OF Cosh Fbws_ Notesi¢>theAcc(xJnts..-................... 24 14 -14 .15 -?9 20 22 23 A£krledgeMeTht$. 39
TRUST OBJECllVES AND ACTIVITIES Oxford Presorvation Trust W¢J5 lounded in 1927. It Is fj reg15tered charity (Ind a company limit•d by 0ntee. Our charitable objects are.. lol to preserve and enhance For the befit of the public the amenities of the City of O%lord ond its 5uiroundings. Ibl to protnotÈ ond entouroge public interest in otKJ kn¢>wledge of the h1Story of the City of Oxford and its surroundings TTUStees have 09reed the lollowirKJ strotegic prioritie5. in fulfiltnent of our choritable object5." i To monoge our londscopes SO thot hobitafs Ortd spècies thrive. helping people connect to our unique norural herit(1ge. 2 To protect on<J rewtolise locol heritage. ensuring the eftective stewaidship of our ow properties. helping save buiklings ot risk and odvocttiing foT improveTnent5 to Oxford's public realm 3 To defend Oxford'5 historic wews. skyh'ne ond green seltin9. chornOning good design ond promoting the su5r0lnob enhoncement of the city's built heritoge. 4 To involve a broud rorkge of people in all ospects of our work. eDcovroging them to expenenc&. under5tond otid Ènitsy Oxford'5 history. built heritO9e and gieen Spoceg. 5 fo iDcrease our finonciol ieylience. extend ond slren9tben our netvlork of supporters ond develop the capocily. skills ond confidence of the OPT teom
PUBLIC BENEFIT Trustrees hove had re9ord to the guii1once IS£ue5 by the Chority Comtn155ion on pijblic benefiE. The work of Oxford Preservation Trust is undertoken for the benefit ol rnony dilFerenL comrDunilies of people. It rnay be described os follow& In relation to the Trust's choritoble object5'. lal to pres•rv• ond enhante for th• benefft of the public the amonities of thp City of Oxford nd It5 surrounding$ owfj 850 ocres of lond in and oround Oxford, ocqvired ond managed lo preserve the cIIy'5 groen setting tsnd rurol ckK]rocter We ofler our land 0$ an Importont amenity lor locol people", mosl of il is occe>sible to the public free of charge at oll times We oim to enhonce Its cun5ervation volLJe. Involving a growin9 number of local woplo In noture restorijtion pr()iect5 on our l•rTr¢J In Boars Hill, Headinglon. Sondford. Kennington. Wolvercote ond at the Rowley Road Swing Bridge. We encourage ppople Io vi&[ ond enjoy our green spcKes In a voriÈlv ol woy5 We supporl oclive livin9. Wlth o iietwork of public ond permissive foolpoths across oui land. sorne cycle-p¢Jths in selected oreos and o rat¥ge ot 5elf-guided wolks ond lomily- Friendly trolls. Oui 11verside rneodows at Heyford. Hinksey. Kenninglon. Marsion ond Swinford. ore heovily used by walkws and S*4imrners. Al Wolvercote ports of our ore used tTry the locol community lor ollotmenls ond an orcFK¥rd. We hold coven(5nts on tsround 250 ocre5 of Cily Council land at Shotovei Country Park ond South Pork We work with the londowner ond other stakeholders to ensure Ihat these coverKJnts. which protect 5tandrtrds of public occess. are upheld. We are re5POn5ible forseverol histo{ building5. eitheros freeholder. tenont oi by management ogievmenL. In Oxford these are the Conduit House. Noith Hinksey Imono9ed on behalf of Enqli5h erItage1.. 3. Cornmorket. Oxford IiiKluditwJ The Poinred Room), Oxford Castle & Prison, Rewley Ro(sd Swingbrid9&, Stockwe115. 8oors Hjll." 8-70 Tuin Aqoiii Lane. The Victoria Arms. MoTSton We algo own 26 E05l St Helen's Sireet. Abin9don ond Lord's kGrtn, Eynshom suve and conserve historic buildings ot risk in Oxlord which ole in the public rcolm or otherwise publicly occe55ibie In past yeors we've worked In portnor5hip with otheTS to restorè Oxford fa5tle ond open it lo the put)lic. We conserved the VicL0r Fountoin. the Murtyr5 Meinorial and three histOTiC units In the C¢>verwJ Market. Our rcstoratN)n ol the Rewley Road Swing B Tidge, which we a1500couired. h05 5ub5tontioltyenhonced the public realm for w(51kers, cyclists and local residents. We're advocotes for the protection of Oxford'5 historic views. skyline ond green sètting. chompionin9 good de&gn ond promtytlDg the Sit%toinable en1[)ceertt of the city's built heritoge. We c0ment on locol plonning (Jppltations ond policies We wrtitipate in pre- applicaliun discussions. %velcoming the opportunily to explore ond help re501ve Issue5 eorly In tho design process. We offer on onnuol Inlernship to o student stLdying oii Oxford Brooke5 University's Historic Cc>nservotion MSC. We champion the best In conservation ond new dey9n thFough our annual Aword5 scheme. which wos e5toblished in 1977. Every year we consider proieit5 01 ev&ry Size ond type from across our city We celebrate those which rnoke a signifitttnt contribution lo Oxford's heritage character and public Tealrn.
bl to promote ¢Jnd vncourtsg public iotw•st in ond krKYlfjdge of the history of the City OF Oxford and its surroundings We've run Oxford Open D(x)rs. lorgest Heriioge Open Days event ouiside London. since 2007. Evèry September. in p(51lner5hip with In5tifutions and ldI1dU0ls ocr055 the o.Ity. we dedicote a weekend to opening histOTiC bvildings, cornmunity spoces and oll kirds of pSaces thot are not u5uttlly occe55iblE lo the public. gNing everyone the opportunity lo enjoy the citv S Iic.h heri¥age and culture free of tliorge. We're grateful lo our partner5 and to o growing Leam of dedicated volunleers for rDoking this WOTiderful event possible Wp provide public occess to some of our C>wn historic properties. At Oxford Casile & Piison our porlners Conlinuum Atlioction5 welcotne visitors all yeor round This Includes a flourishing education progranime, with cross-curriculor activities for KSI-KS5 school studenis. We offer guided tour5 of 2 CornTnorket (The Pointed Room). 260 Easl St Helen's Street IThe Medievol Merchont's House) ond the RÈwley RIKXI Swing Brid9e. Wepromote the heritageofpveryportoFOxford.WerunopubliteventsprogrtJmrnethroughoul the year, providin9 lecture5. tours and 9uided walks on varied rjspects OF the cily'> rich history. We work In pgrlnership with locol people ioexplore ond S+re the history ol Oxlord's t)uildinqs. lord5copes ond communitiÈS. In Tecent year5 this included o free s&lf-guidÉd heritoge wolk in We operate o mefflbership scherne For on onnual wyrnent members enjoy free or reduced tickets For our events progromtne, Pgiority bookiftg For Open Doors events ond access lo exclUwe rnember-only e¥ents. Additiorhol benefits Include lfee entry to Oxford Castle & Prigon and g IO% discount In the Oxford C05tle Gifl Shop. Ihe Ca5tleyord branch of the Jericho Coffee Troders Coré ond the oword-winning Victorio ArtTS on the bonks ol the river Cherwell. Membprs receive a weekly ernail with news ol upcomiAg eveTrts ond a newsletter Iwice a yettr. Fhe support of over 300 volunteers is critically impoftrjnt to U5. entsbling u5 corry out essential notijro recovery Work in our oreen spoces and to deliver our onnuol Open Ooo<s event. The ITiembers of our trustee bwrd. (Fdvi50ry tor¥)miltees ond Award5 ju(k3ing ponel oll give their time expeitise freely. We're very groleful to oll ourvoluniws.
ACHIEVEMENTS AND PERFORMANCE
Green Spoce5
There tsre 244 people on our volunteer moiliry lisi lor Green spaces, 89 of whom joined in
2024 During the year 73 volunteer work porties Coffied out essential noture conservotio
tasks on our lond. Our volijnteer work portie5 Continued to meei monlhly ot Hoylord Meadow,
Lorkin% l.ane and Wolvercole Lakes. New work parties were established at Rewley ftood Swinq
Bridge ond at fvlorslon Homm. Volunteer work porties led by Abin9don Grcen Gym ond Oxford
Con5ervolion Volunteers IOCVI Supported usot Boars Hill ond Kennin9ton, as well 05 larqelin9
aclivlty ori land vlhere It 15 needed most. Wewere delighted lo welcome some ofour Corporote
Members- Sovills. Glonville. and OKford North. Induding Loing O'Rwrke and CorÈy5
to ovi
volunleer wurk porties this yeor We were 0150ioirÈd by employees from Hottre Leo. Wilrnot
Dixon, Storey Consulting ond Diornond Lpght Source.
On Boars Hill, volunteers hove helped us keep paths open ol Abrohom Wo(xJ. Jorn Ncoth and
Wild Garden ond Elizobeth Doryush Memoriol Gorden ond worked on clearing broFnble and
invasive speiies. On Jarn Mound. the vegetotion ether side ol Ihe Sleps wos cut and ioked. At
Matthew Arnold Field & Reserve, we focused on clearing bTamble ond encroor.hing scrub to
get Ilie Fièld reody loi groEliig ogain. Our volunteeT5. guIdj by our consuliont ecologist Rod
d'Ayola. hove 5tartpd clearing olon9 the fence line between the field ond reserve ready for it
to be reploced. Old Berkeley Goll Course ond Chilswpll weTe gfozed for the final tsmo by the
Hongons ond o new grgzier has been lined up l
Al Morst•Tr on our fiolds to either side of the Marsion Ferry Rood i)ur tenant forffter grew Wintor Bird Food. The spleDdid sight of the 5unllowers ond the vtsriety of the EMrds drown lo Ihe rartge of plant5 grown for food and shelter were ertjoyed by loca15 and v151tors to the fields. includiiig members ol a 1ocol hirdwarching group. who recorded what khey saw NurnbÈrs OF tiird5 including some species, like yellowhaTnrners. that oro declining $19nilicanii¥ ot a notionol level- be9Ull to build frorn mid-NovÈmber loa peak In Inid-jonugry. declining rapidly in late Februory when they returned ro breeding grounds By for the most ImPTessiv¢ birds on the seed fieldx were six species of finches. namely linnels, chaffinches. brambling5, Si5klns. greenfinches. ond goldfinthes. Volunleers ¢lÈ¢red the woodland path 10 the de of Ihe Chervlell ond olnng the path beiwee the Victoria Arms ond Morslon Homm A hoy cut wos OL Mafston Hamm tsnd it ¥vos ofleimath grozed We examined each field with Ctttriom Boss. o floodplain meadow expeTt and member off our Gieen Spoce5 Cotnrniltee. We fourKI potential lor Testoration In at leost two of the fields, where rare plonts like Grt Burnel and Meadow Foxtail were prèsenL Al R•wley Roud Swin9 Bridge volunteers hove cleored vegetotson on 11)e bonks of the Ihonnel ond on thp. railwoy embtsnkinenl. oround the bridge ond on the obutment. The bridge decks were cleoned ilie pump wos run tss needed. A corporate 9ioup joined us Auou%t and helped us prepore and sow seeds 10 creaie polches0fv4Idtk)eT meadow. In 2025we will coriy out fflQ1ntenance checks. following ihe mainte¥unce monual. Our ¥olvnteer5. under the 9uidancÈ of e(010glSt Rod d'Ayalo. cleated a shallow pond ot W¥lYarcot• Lakes to enhance the conservation VOIL and give visitors to the space onother feoture ro onjoy. This wos portly funded by a gront of E2833.33 from Gruftdon Wnsle Monagement. via Ihe Twst ltsr OxFordshire'5 Environment. At Wolv•re•tg Meadows the moin tneodows were cut ond grazed by FAI Faims Access into ofte of the £maller field5 wos Irnproved 50 11 is now accessible vio the track off Godstow Rood Tother thon Lhrough Ihe neighring propeTty. This will help wirh Ihe Iree und fencing work planned to gel this field grozed 090in_ Membws ore owore Ihot the Environment Agency hos applied for powers compulsorily to puichose londholdings, Includinq poits ol OPT'5 meadows at North Hinksey, in order to conslruct the Oxford Flood AlIeatIOn Sch•m• The Secretafy ol Slate onnounced o public inquiiy inlo the CPO In June 20?3 ¥vlii¢h concludpd in Jonuory 2024. As delivery of tho gcheme will involve the dèstruction of rare MGd grossLond, OPT oty"ected to It We awail Ihe Secretory oFStote's decision on theCPO. In Ihe meontirne- In Jvly2024- Oxford Counly Council 9ranled planning permission For Ihe Scheff. As holders c* a covenant whrh safegrdS puUic ac(e5S to South Park. we have worked c105ely ¥withtheCityCwncil.theFriendsofknthPotkarKlother510kehoklersioprpveDt tnaj(Kevenlsfroin damaging this Iinwrlanr k)colamÈr¥ly Our wrticuknr focu5 was en9Jiing that preporotlOll51 the 2024 Round fabÈ Fifewcvks event ilded odeqLKJte wet weather mitigobons. Heritage Repairs to the Debtors. Tower ot Oxford Costl• weie COmeted by thÈ County Council. We completed the 5eTisilive refurbislimpnt of the Up FI[$ of 3 Commarket, Including the Pointed Roorn Al 8-t0 Tum Again we iepoired Ihe roof. external joirTrery and rédecoiaied the cxteiiors of als Ihree house5
We wertdelighted thot the Cov•r•d Market unitswe'd restoredwpfe Ipt to Namblin Breod. one
off Oxlord's higliest quality baker.R. We begarTr phnnin9 repoirond re510ration of the W•lton
W•ll Drinking F•untain We're very 9Ctrlelul to concIlI0r j(Sn$ Fry (Fnd Sir ToTn Shebbeore
lor wo
experts, guided walks. site Visits ond mont11 tours ol the Painted Riy)m 13 Corntnoiketl ond Ihe M&dievol Merchunt's House126A East St HdeTr's Streel. Abin9donl. A5 porlof Iniliotive lo offer iicheiexpeiiences of our historicspaces, wetrialled 50rne special events in the Pointed Roorn. These included Shakesal¢sAlabic Sonnets. on explorotion by Dr Robert Stogg of Ihe Arabic PTe-histoiy of the sonnet form Homnel Exlrooidi Tudor Liues. o conversation between Dr Janet Dickinson ond Dr Lynn ftobson. un9 Homnet QTS theTr inspiration. our speakers used liistoricol records, Iiteraluie. ond art to exploie the exlroordinary lives of 'oidinaiy' Tudor people. Unuersed... o crit1colly occlaimpd solo show peTlormed and wiilten by Beckis Cooper aboul place of women in Shtskespeore'5 pkjys ond in sociely. Wolf Holl Truth, Histoiy ond Lileratuie. Dr Janei Dickinson ond Dr Lynn Robson discussing HilaTY Montel's Wolf Holl ts1109y ond herdetxctionol theTudor OD pag&. sloge. and screen. On 14-15 Seplember 2024 we parliiered with o wider ran9e of institutions ond Indiwduols thori ever befoie for our Open Doops weekend. opening 140 of Oxford'5 buildings. grEen sp(Jces nd monvments to around 30,000 visitor5 111 Voluner5 helped moke the 2024 Optrn Doors weekend possible. In the vleeks bcforehond theyossembled venue pocks ond delivered Iliom on loot ond cycle ro venues a¢rO55 Ihe cily Duiing the weekend Ilsp.If they wclcomed visiLors to venue5, Stewa¢ded guided walks. a55isled wilh workshops and helped with fundioirng. Among Ih05e places opening for the firsl bme werè Slade Catnp. Florence Pork Communitv Ceiitre, North Porode Mafket. Osler House. tsnd Reuben College. Our pro9romme of lamily- Friendly events Included guide¢J walks ond tour5, film-5creenings. stone corving. lellefpre5S prinring, silk-screen printing, t-shirt upcycling avd rnusical peTformancps In venues ranging From the Ultimate Picture Palace to the 5heldonion Thealie We're gratcful to a11 our volunteers anrj partners- and to the orbsts. sculplor& historions ond muycions who gove their time to help moke the weeke1 so special_ We completed our W•od Form Communbly Projeet In oost Oxford. working with local historian LIF Woolley ond bolh present ond lormci rosidLThnts. We're gfoleful for the supporl ol our fripDds at the Bvllingdon Community Cenlre Iwinnei of o 2023 OPT Av•ardl. the perfect venue fur our engagement oclivilies. Lil Woolley's rerx)rL A History of Wood Forrn, OKford'. 15 dtswnloodable from our webslte and o copy Is ovailoble al Ihe Oxfordshire History Centre. It tells rhe Story of Ihe arw which wos tronslorTned In Ihe 21Y century From farmlond ancj open fields to o place full OF new kinds ot housing ond locilitie5 For Oxford's growing populolion. We printed o Wood orm Hlstofy Walk. which we distnbuted to locol o1gonisalion5 ond hos met With o positive reteplion, with requests Foi hjithef copies We're. delightéd Ihor The Slode Niif5ery and Wuod orm Primary Scliool are OUT work os the bas15 for learning progromtnes ar Early Yeor5 Foundotion ond Key Sioge$ 1-2. We mel those Involved in Oxford Countycouncil'scommunlty Insh1 Profilo on Wood Form. due lo bp published in early 2025. lo diSCUSS the wlue of our work 05 Q SOUTce ol historiLal contoxt for Lhe arecs's heiitage ossers ond communlty lor.ililies Our Wood Form pioject is we11 repitsentpd In Ihe report ond Heallhwotch Oxfordshire has ocknowledged the value of our
school Tesources ¢Js a foundolK)n lor Iheir engogement work with youn9 0[e. We eblablishpd o portnership with the Shotover Preservatton cIetY. working toqeiher tsn The Slode Army Comp Community Prol•cl Local poople have diSCOvered - ncj unr.overed Ihe la5CIIiOling romtsins of tlie WW2 oroy CQTnp which once Èxten(fod from Wood Faim lo the lower slope5 OF Sl)otover. They gove guided tours of the camp 05 porl of our Opon Doors w&ekend ond we've begurr work on o joini project to interpret Ihe physic(Tl rernain5 of Lhe c(Jmp and to copture the remtniscences of formeT residents. Oxford Castle & Pri50n continues io s)erform well with on intreased number ol visitors over the covr%e of Ihp ¥eof16?.315, up from 6).376 in 20231_ WÈ have alg) continued to see an incteosed number o15chool Visits ocross the year14.146. up from 3.762 In 20?31 FINANCIAL REVIÉW In ?0?4 ourexpenditureexceededourincotne. resulting In g net105sof £6,284 before investment goins ond losses Thi5 comporpd fovourably Wilh ?O?I when ihe Trust ended wilh o nel1055 of £483.3?8 This loss wos anticipated ond in line wilh our budget. With reduced expenditure on projects and plonning. There were land ond prOri¥ acouisitions or dist)05al%. Iriveslment gains in the year were £246.830. resuliing in on overall Increase In funds of E240.546 WillTrin those total Trovements. the RestrKted Funds are held for specifio projecls wilh Unrestricted Funcls avoilable 101 9eTTrerol use. both os c¢J5h ond invèsiments, all of which are held In furtherance of the Trust's strategic tyirns and objectives OPI'5 green spoces ond propprlies ore also held In fLJrtheron(e of the Tiust's (Tims and objectives ond ore shown os de5ionated funds. The financiol stiate9y of the TTtsSt is to bok)nce intome and expenditure over the longer Icrm tsnd Ilie OPT toam. led bythe Chief Executive. work hord lo ochieve this. kecping down costs off adminifilrulion ond seeking volue lor moneyon necessary expenditures Sotne of the Restricted Funds ond Unrestricted Fund5 which are do5ignotpd for specific purwses con 8orDetime5 be held for one or rnore years before being spenL. which con resuji in signiticant voriaEion In the finonces from one year to the next. In 2024 our restricted reserves grew by £49.842 in Ihe ye(sr. which Included fundraising for now projecls to support the installolion of signoge ot South Park orKI the Testoration of the Walton Well Drinking Fountain. ttnd receipt5 from Oxford Costle sei oside for future capital spend at the site iri poitner5hip with the operotors. The Fince Committee ovefseps OPT'S Investment policy ond during It5 qvarlerly rneelings review.s the peifoimance ol the Trust s portfolio. As at 31 Decemr 2024, the investfflpn15 loLolled E4,004.167 E?.?80.873 was held in the Cozenove Charity Responsible Mulii-AssÈ1 FLJnd ond E1.723.894 wos Invested In the Sora*n ClittHJte Active Endnwmeni Fund Through these Iiivestinents we seek to generate long-lerm return5 0ppfoprt¢ to o Nilonced portfolio while ar.trjng os a responsible Investor rhe poFlltslio generoled o totol ieturn OF 6 1% In 2024 12023 7.6%). which wos coTrsidered lo be o sot15factory performonce in the context of market condition% and the Trust's ethicol choice5. At Ihe yeoi end Ihe Tru5f hod totol ossets ol f8.045.138. Tongible ond heritoge assets slood ol E.B.198,163 1?0?3 E3.204.8301. Investrnen15. desi9nated Funds ond general funds wero E4.584.695 12023". E4.381,3351, wth unrealised goin on investmenls of £229,917 mitigoting
Ihe nel loss generated by our otlw Octivit5. There 15 0 frjrther £262,280 12023." £21?,4381 in resLTiCted fund%. Wilhin the unrestricted FvTKJ5 the principal designoted funds are Lord's Farm F104.fj18. Education and Engogement £2C>6.728. and the Williom Delalièld Choritat)le Tiusl E83,175. A5 Ot 31 (>ecember the free reserves of the charity were £145.108 which is in accordance with the choyity 5 reserves policy. The TrSt hold5 unrestricted rÈserves toeDoble it to movè quickly lo secure property in line with 5trotEoic priorities. Additionolly. income from Ihe investment portfolio supports routine onnuol expendilure and 15 essential to mointoiniDg the TTUSI'S activilies over the long tcmi. RISKS The Trustees have identifiÈd four main fisk5 ond ogfeed the followiw mitigotions.. RISK L05s ol income due fo ieduced mÈmbership, rent5. Investmenl returns ondlor thIrd-[ll¥ inconie MITIGATION The plurolity of funding sources is a150 a 51renglh, ensuring t*t Trusl is not overty dependent on one income streom. The Finonce Comrniltee review5 the finances on a Quarterly bosis. The teom (5re Itnplementing improvement5 lo the Tnefnbership offer ond rnember communicalions. as well as seekiry to Incr0 the numbÈi ol corporate and Potron mctnbcrs. Cyber-5ecurily review is underwoy. Controls at operotiontsl level throu9hout the Iy9anisotion. Damge Ireputalionol. operolional. tinancioll coused by cyber-criine Serious 50fety breach Robust Heolth & Safety fromework. policies and procedure% In place. Roles hove been redefined and benchmorked. A salory ond benefits review is underway oloryj considerotion ol development potential ond prowi%on. The teom priorilises building ond 5UStaining good reToiitin5hips with the Trust's many stokeholders. Loss of key personnel due 10 uncompetitive remuneiotion Reputationtsl damage due to pool ielationships with %takeholders and slow resolution of stokeholder Issues
STRUCTURE GOVERNANCE AND MANAGEMENT Oxford Preservotion Trust is o re9iStered chority ond a cotnpony Iimitred by guuianlee. The Board of T<ustees, which Is mode up of six elccted, six co-opled, ond 51x nominated Trustees. sets the 5trotegic direction for the work OF the Trust. Eoch Trustee is oppoinied foi o three-yeor term. which rnoy be renewed. All Trusiees Ottend familiarisotion day5 during thei{ lerms ond ore expectred to loke on octive role. to a comrnttee. ond to get lo know the CEO and her learn. Durin9 their tem7 TNstees ore offered regulor OPPDrtunities to en9cJge with the curient ork. and to otlerKI the Wide voriety of meetings. events and site w51t5 that toke ploce. TrLJslee5 meel quorlerly ond ottend annuol owaydoy. Trustees each serve on one oFthe Trust'scommittees. The newcomrnittee stwcture. estoblished in 2023. was reviewed in 2024 The number of committees was reduced from 7 to 5 ond term5 of reference for each were refined. Finclnce Cornmittee.. oversees the Trusi's Finanool ond fisk tnanogernent. Engagement ComrnitlEe. odvises the Trust OD Its engagement ond educotionol work. Green Spoces CofflmitEee'. odvises the Irust on the stewardship ol it5 grÈÈn spaces. Heriloge Committee". advises the Trust On the protection of Oxford'5 built heritage. including propert in its own cure onning Comrnittee_" odws the Trust on it5 planning work. Eoch coiTrmiltee is chaired by o Irustee. Members comprise trustees and co-opted members The Awards Judging s)onel 15 Formed ol loccjl people ¥Vith Wide-ronging expertlse. The Trustees hove oppointed o Chief Executive lo run rhe Trust on thejr beholl. supported by o team Ifoui full-time/four part-timel with relevont profesyonol ond odministrativt skill5. Remuneration rnotter5 are monoged by the Choir. VI Chair Chair of ihe Finonce Comrnitlee. io
REFERENCE AND ADMINISTRATIVE DETAILS Chair.. The RevfJ Conon Prof WIllrn WFryte Vico-chalr Dome Helen Ghosh Mtsrk Beord DL Cllr Lizzy DiggiTIS Emily Gee Dr Nick Lwtnu-8rown JUln Munby Philip Porker Cllr Susonno Pre5sel Cllr Roz Smith Carole Souter Dovid Streot Prof Joe Tah Dr Geoffrey Ty¢xk Cllr Dr Louise Upton Prof Heather Viles b luntil Marth 20241 b luntil December 20241 o. &lected', '. co-opted." c." nominoled by Univeryty, norTr10ted by Citv.. e." nominated by Cwnty Hortrjvary Vice President5 Prof Mo1colm Airs. John Ashdown. Her Honwr Ann Campbell, Charfes Cooper. Edith Gollnofit. Dr MaEolm Grohom, Tom Hossoll. Lucy Hughes. Dr lon Scor9ill Areo Patrons David Cartef & Lody Phyllis Trwlel IBoor5 Hill). Martin Horris Ishotover). tkJniel Tar2ey Isondford & Kenningtonl Engagement Commlttee Cllr Liziy Oiggifi.% Ichoirl, Suzy Oroha Alice Puthiss, Clli Roz Srnith. Finan¢0 C¢)mmltt44 Philip Porker Ichairl, Mark Beard, Jen5 Thd5trup. Grean Spts¢•s Comrnitt Dome Hplen Gho5h (Chairl. Catriono B05s lfvom April 231, Dr Nick Lwmu-8ro¥YTK Cllr Roz Smith, Wolter SowyeT Heiltage Committeè- Prof Heather Viles Ichairl. Julian Munby. Cllr Susanno Pre5sel, Dovid Streal, Cllr Dr Louise Upton.
Plonning Committeg Carole Souter (Chair until Morth 20241. FiorKJ 8oTthDkytEw. Chri5 C(xIn5. Emily Gee. PrDI Rolot Guplo. Nc>el Newson. John Steven50rL ProfJoÈ Tah. Dr GeoFfrw Tyack Aw4rd¥ Judging Pano1 The Rev Conori Prof Williom Whyte Ichairl. Or David Lewls. Alice Puths& John Steven50n. Dovid Streat. Dr Geoffw Tyock, L*z Woolley PrL¥fessionol Advlsoys LarKI Agents". knlls IL&PI Ltd. Wythaffl Ccxjrt. n Wesl Way, 8otley. Oxfwd. OX2 OQL Barcby5 Bonk pjo PO Box 333. Oxford. OXI 3HS Bonkers.. AudiEors-. Grovito Audit Oxford LLP. First FIooT. 40-41 Park End Street, Oxford. OXI IJD Mrlls & Reeve. 27 Pork Efjd StrecL Oxford OX1 IHU Investment Adw15er5'. can0Ve Copitol Monogement Ltd. 12 Mcv)rgQtc. London, EC2R 6DA Sorasin & Partner5 LLP. Juxon Hovse, 100 St Poul'5 ChuTchyord, London, EC2M 8BU Planning C¢>nsull<Jnts". Corter Jon05. Mayfield House.256 Bonbury Rood. Oxford OX2 70E Team Anna Eovis, Chief Executive Office Stephen Dawson, Herilage Director Loura Worden. Senior Planning OfficeT Honnoh Elrockwell. Green Spoces Officer Shona Corr. Heritoge & Nanning Office¥ (until Feor¥ 20241 Anno Clork. &ngogemenl Olficer Hywol Edword5, Finance & Governants OfficeT (until Augus120241 Charlie Jocobs, Plonning & Pioiects OFficer Louise Lockyer. Membership Olficer Elic(5 Porsons, Admin15tialur (from Oct 20241 Moll Todd. FiTrJnce Officer (Frorn August 20241 Nino Uroi. Development & CommunicatioThs OFficer luntil ju 20241 Oxlord Pre5ervotion Trust is o compony limited by gLKJrontee. Re9tstered in Engk]nd number 2258390_ Registered with the C11tY Cortbmission number 203043 Registèred for VAI (Trumber 879 0464 821 A copy of the Twst'5 governing Mernorondum and Articles of Association is (Jvoilablo on reoue5t from the OIFice. 12
Registered Office 10 Turn Agoin Lone. Oxford OX11QL Telephone.'1018651242918 Emoil.. info@oxfordpreservotion.org.tsk Website. www.oxfordpreservotion.org.uk For ond on behalf of thÈ Trust Reverend Profe550r Willio hyte Ichaiil Mr Philip Porker 2 June 2025
OXFORD PRESERVATION TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 OXFORD PRESERVATION TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustee5 (who are also the diTeilors of Lhe charitoble compony foi the purposes of company lawl ore responble for preparing the Trustees Report and accounts In octordance with opplicable kjw ond regulotions. Company law requires the directors to prepare tsccounls for eoch financiol yeor. Under thot law the diiectois hove elected lo prepore the acc(yJnt5 in occordance with Unitecl Kingdom Genorally Accepted AcCnting Proctice (United Kingdom Accounbng Stondards and opplicoble lowl. Uncler comp(sny low the director5 must not opprove the occovnLs unles5 they ore sotisfied thot they 9ive a liuè ond fair view of Ihe slole c>F ofloirs of Lho cumpony ond Ilie incorning resaurtes ond resources expended of the company IOT thot petiod. In preporing these aCCjnt the director5 ole required to." select suiloble ottountitvJ l{leS otKI then apply them tonsistently," mtskejudgments ond uccounting estirn01È5 thot are teasoroble 01 prvdpnt., prepore the firbanciol 5totemeTrls on the g(Nn9 concern bosi5 unle55 It is inappropriate to presume that the ci)mpJny 11 continue in sIneSs. The diréctors are resporbsible For keep*ng odequate accounting record5 thol ore 5ullicienl to show arid exploin the compuny's tronsociions ond (li10$e with reasonoble occurocy at cjny liffle the finonciol posilion of comp(Jny otid enable IhÈm to ensure thol the occounls cornply ¥vith the Companie5 Act 2006. They ore olso responsible for sofeyuaiding Lhe 055els of the compony and hence for laking fe<JsonoEle step5 fot the prevention ond detection of fraud ond other IrrularitIes. So lur os thc Trustee5 are aware. there is FTro rÈlevont uudit inttsrmation linformation needed by the choritoble compony'5 ouditors in cOnneCtn with preporing their report) OF which the chaiilable companys ovdilors are unowore." orbd Ecjch Trustee hos token all Sleps thot he ought to hovè token as o diFector In order to tnoke himsell owore of relevtsnt audit information and to estoblish that Ihe chorilable cornpony's QLJditors ore oware of that inforrnotion. SIGNED ON BEHALF OF THE TRUSTEES Reverend Prolessor will(n te Ichoirl 14
INDEPENDENT AUDITORY REPORT TO THE MEMBERS OF OXFORD PRESERVATION TRUST Opin5on We hove (sudited the finoncial stolements OF Oxftyd Preservotion Ttust IthÈ'Charity I for the yeor eDdecl 31 December 20?4 which compriso Ihe Income& ExpendilureAccount. Statement of Fin¢Jncial Activities. the 8olancc Sheet ond the Cosh Flow Stoiement ¢Jnd nores to the linancul 5totements. Including a sumtnory of significont aCC<nting policies. The finoncial reporting fromework thol ha5 been applied in thr prepofotlOD 15 (Jpplicoblp low ond United Kingdom Accounting Standords, including Fin0ncl Reporting siondord 102-. The FinL)ncial Reporting Srondord applicoble in the UK (United Kingdom Generolty Accepted Accwnlin9 Piocticcl. In our opinion, the finoncial stotements.- give o truts ond foir view of the 51ote OF the Chorit¢s offairs os ot 31 December 2024 and of its ificorne ond expenditurc for Ihe yeor then ended.. have been properly prepoled in oc(d[InCe wrth United Kirv4dom GeneTally Accepted Accounlln9 Proctice-. have been PTÈpcred in occordonce th the ieqvirementg of the CompoTriÈs Act 2006. Basls for oplnion We condL5Cted our oudit in accordance with Internotional Stondord5 on AuditirTrg IUKI IISAS IUKII ond opplicoble low Our reSpOnbIlItieS under those stonclaTds are Iufther descnbed in the Auditoi's responsibilities for Ihe audit ol rhe fiThJncioI stotetDent5 section OF our report. We are independent of the Chority in occordonce with the ethicol fequirernents thot ure relevont to our audit of the fintsncial 5totements the UK. including the FRC'S Ethicol Stondard. ond we h(5ve fulfilled our other ethicol respbIlItIeS in occordance with Ihtrse iequirpments. We belicvo thot the audit evidence WÈ hove obtained 15 5ufficienl ond oppiopriatÈ to provide a basi5 for our opinion. Conclu$lon$ lating to golng conc¢m In ouditing the Iinancio1 stalment5. we hove toncluded that Ihe trustee< use of the going concern bosis of accouDting in rhe preporation of the financul slotements is tsppropriote. Bosed the work we hove perlorrned. we hove not idenlitied ony moteriol uncerlointies reloting lo events or conditions thot. indisrydually or cdlectively. may cost 519nilicant doubl on the entity's ability lo continue aso going cortern for o period of ot least 12 months frorn when the finoncial stotements are outhorised for Issue. Our re5pon5ibililies tsnd the resportsibilities of Ihe irustees wth respect to 9oing concern ore described in the relevanl sections of this report. 15
Other inform(Itlon The tIUStees ole responble for the other infornKJtion. Ihe 01 infor[TtIOn ccmnprises the inforrnotion inc.luded in the onnuttl report other thon the fiwnciol stotemenis and our oudito¥'s report thereon. Our opinion OTTr the finoncial slalements does not c¢>veT the other Inlormrjtion and. exccpl to the extent othervlise explititly stated in our reFX)rL we do not expie55 ony form of 0s5uronce conclusion thereon. In connection with our tsudlt of the tifrtyncigl SiatemeDt5, wr responsibility 15 to read the other informotion ond. in doing so. consider whether the olher informoiion is materllY incoTrsistent With the Financiol stotements Ot our knowledge obtained in the ovdit or otherwise oppears to be moteriolly mikstated. If we idcntify such moleriol incoTSiStencie5 or opparent rnoterpal misstalements, we are required to determine whether there 15 o moteriol misstoiement In the finoncial stolÉmenls or o materiol rnisstotement of the othor information. If. based on the work wo have porformed. we concILe thot there i5 0 materiol misstotetnent ol this other information. we ore required to iepoit Ihot loct We have nothing to report in thi5 re9ord. Opinion5 on other mottets Prn5cribed by the Companl•s Acl 2006 In opinion, based on the WO undertoken in the course of the oudit.. the informgtion given In the trusiee5' report lincorporoting Ihe sErotegic report ond the directors. reportl for the Finonciol yeor for which the fI[nCK]IstotetTrenls ore prepared is consistent with the finonciol 5totementS trFKI the Iru5tees' report Itncorp)orotir¥J the strate9ic rewt and the directoys, rÈportl hove boen pr&pared in occoidance with opplicoble legol requirements. Matter$ on whi¢h wa tsre r•quiTed to report by ex¢eption In Ihe light of Ihe knowledge ond underslondin9 01 the COTnpony(Jnd it5 environment obEained In the covr5e of the audil, we have not identilied moleritsl ffl1SStotemcnts in the tiustees, report. We have nothing to report in iespect of the following mottW5 In relation to which th@ Componies Act 2006 requirÈs us to ieport to you IF in opinion". 5ufPi¢lÈnt accnn9 record5 not been kepL the finijnciol stoternents ole not in agreernent wrth thea£Cjntlng records rjnd reiurn5'. certain disclosures oFtrtJstees' remuneration specified by kjw are not rn)de,' or we have not obtoined all the inforrnotionond expkJnation5 necessory for the purposes of our oudit. Responslblllti•s of thg tn55te4s As oxploined rnoie fully In the trustees. SponsIbl11t1es slotement. the trustees are fesponsiblp for the preporabon of the fin(5nciol 5taterrFents ond lor beiry sotisfied that they give o true ond foir view. ond fof such Internal control os they detprmine is necessory to enoblethe prepoiation of finoncial stOlemen15 thot are free FFOM r[tell01 tni5Stotemcnt. whether due to fTtsud or error.
In preporing the finonciol statement5. the twstee5 ijre respoasible for 05se55ing the CrItY'S ability to continue 05 o going concern. di5cloyng. 05 opic0b1e. matte¥9 Teloted to going concern and using the going concern b0515 of occountin9 unless Ihe trustees eithoi Intend to Iiouidate the Chuiity ot to ceose operation5, 01 hove no realistic alternative but to do so. Audilor's r¢spon$lbllitl•s lor the oudlt of the fi#oncial $latem•nt5 Our objectives are lo obroin 050nble 05suroDce ob(t whether the finaficiol stotement$ 05 o whole orc free From mtslÈrK)I misstotement. whelher due lo froud Of error, ond to issue on audiLor's report Ihot Includes our opinion. Re050noFAe ossuronce 15 o high level of ossuronco, but 15 not a QLJoraDree thot on audit conducte<J in attordonLe with ISAS IUKI will alwoys deie¢l o moteriol mi55tolernent when it exist5. Mi5slotement5 con aiise IrotD Iroud or error ot¥J ore considered muterial If. individually or in tlie aggregote, they could rea50nobly be expected to Influellcethè economic decisions of users token (Ji) the b)si5 of tl)ese finantiol staiemenrs. Irregijlorities. including fraud. are Instonces ol non-compl¥)nce with laws ond regulotioiis. We design procedures In line with our iesponsibilities, oudined oEx)ve, to deter.t moteriol rni8fitatements in respeci ol irregulorities. Including froud. The extpnl to which our prccedures ale capoble of delecting irregularities. inchKIiTig fioud is detailed below. Our opprooch to identifyiiig and 05se951ng the risks of moleriol m155totomcnt in reSpt of Irre9uloriLies. Including froud and non-complionce with l(Jws and regulolits115. wos as Follows.. rhe engDgemenl porlner ensured thot thÈ engogement teom collectively hod the appropiiote competÈnce, capobilities skn115 to identify or recogn15e non-complionce wilh opplicoble laws ond regulotion5-, we IdeDlified the lows and iegul(3tions opp11cable to Ihe crity through discu55ions wilh Iruslee5 and olher tnonogetnent. from OUT knowledge ond experience, we ftcused on specific Iow5 ond regulotions which we con5ideied tnay have a direct moteriol effect on the financiol 510temeDls or the operotions of the charity. we ossessed the extenl of iompli(5nce with Ihe law5 and regulotions Identified above through making onquiries of Tntsnagement and Inspectinq1egal correspondeDce', ond dentilied kjws and regulations were communicoied w¢thin the oudit teom regulorly and the teom remoined alert to instonce5 of nM-Cotnnce throughout the oudit. We assessed the susteptibility of the chorily's finonciol statements to materitsl missloremeDt. intluding obtaining an understonding of how fraud rnyht o(cur. by". makin9 enquifies of rnanogernent 05 to where they con51dered Ihere wos susceptibililv to ftoud. Iheir kn(Mled9e of octUGI. sv5pected ond alleged frtsud.. and coiisidering the Intemol conlrols in ploce its mrtigoie n5ks of Iroud and non-compliance wilh bws and regubbons. To oddress the iisk of froud Ihrough rnano9ement bi05 und override of controls, we.. 17
performe<J onalyticol PTocedures to Idenbiy ony unttyjtsl or unexpected relotionships," tested joufiial entries to Identify unusLNJI tronsoclions-. osse55ed whether judgements 05sumptions rnade in delÈiminin9 the occounting e5timoles weie indicotive of polentKJI bia5.- and Investigoted the rotionole behind st9nificant or unusuol tron50Ctions In response to the risk ol irieguloiitie5 ond non-complionce with lows ond regijlotions, we designed Pr¢edre5 which Induded. bJi were not Imited to" greeing linaiiciol 5tolement disclosures tn underlying supporiing docurnentation. reoding 11)e minutes of fflee.tiTrgs OF those chorge(I th govem(7nce," ond enquiring ol manogemenl os to octual ond potential litlgolion ond claim5. There are Inherent limittslions tn our oudit procedures described obove. The more removed thol lows and regulotions ole from finonciol tronsaction5. the le55 likely it is that we wovld become owore of non-con)plionce. Auditing slondords olso limit Ihe audit procedure5 requifed to Identify non-compliance With lows and règulotlOn5 to enquiry ol the IrusteÈ5 and other rnanogernpnt ond the inspection OF regulatory ond legol correspondence, if oTry Moleriol misstalernent5 that arise due to fravd can be harder to detECt thon those that orise froffl error a5 they moy iftvolve delibeTote conceolmeTrt or collusion. A lurthEr descripiioT¥ of our respon51tNlities ts ovoikle on the Financiol Rep¢rliTrg Council's websiie at-. www.frc.org.uk/ouditorsrespon51bilities. Thisdescription forms wjrt of our oudilorfs re5)ort. Usè of our rgport This report Is rnade solely to the Cknrity's rnembprs. os o body. In accoTdance witli Chopler 3 of Port 16 of the Companie5 Act 2006. Oui oudil work hos been undeTloken so thoi we might state lo the Chority s members ihose rnotlers we ore reqvired to Slate lo them in on aiJdilor's reF)ori ond For no other wrpose To the fullesi Èxtent perm..tled by law, we do not accept or 055ume respon51bility to anyone other thon the Chority s membeis as o body. for oui audil. work. For this report. or for the opinions we have foimed. RoberL Kirtland Senior Stotutory Auditor Foi and on beholl of (ifovita Audil Oxforij LLP. Statutory Audito¥ First FIoDr, Pork Centiol 40-41 Pork End Street Oxford OX11JD 18
OXFORD PRESERVATION TRUST INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 ORDINARY ACTIVITIES INCOME Members subscriptitrn5 Investment Incorne Renlol and oihel income frotn lond and property GFanls ond donotions for projects Other restricted Income 128,765 135,732 261,060 216,636 99,084 131.965 237.994 213.556 108 142 Total income from ordinary octivities 838 712 790 741 EXPENDITURE Expenditure on knnd ond propertv P¥oiectS Plonning. scrutiny ond advococy Educotion, membership ond odministrotK> 209.589 300,284 142.105 242,385 162,082 41?.324 330.700 318 519 Totol expenditure on ordinary ¢xti¥ities 814 477 1273 512 Net deficit on 0rdirrY octivities 15.7651 1482.1711 OTHER INCOME Income frorn legacies RÉoliged11055Vgoin on frixed ossets Realised1105s1 on investments 206 500 17251 Overall Ideficitl for Ehe yeor excluding unreolised inve5trnent gain51(losse51 6 2841 482 378 The 9rowthl in our iestricted reseTves which is included In our overoll Ideficitl for the yeor (see note 12 19
OXFORD PRESERVATION TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Vnrestrictorf Restritted 2024 2024 Total Funds 2024 2023 Note Incorne Groiits and donGtions Income From choritoble actitIeS Investment Income ILosgl/Surplus on di5posoI of fixed ossets 318.167 27,440 96.519 345,607 313,140 346.136 131.965 261,060 135.732 357,579 135.732 725 Totol income 714 234 123 959 838 193 790124 Expenditure Costs OF ioising fund5 ChoriEable tsctivities 18 52.054 718 306 52.054 41,002 1232 $10 792.423 Total eKK)enditure 770 844 477 1273 512 NÈI Ilossl/income ond net movement in lund5 beftye g(Fins ond 10$5È5 on invesiments Goins/l105sesl on investments Reo115ed 156.1261 49,842 16.2841 1483,3781 Unreali5ecl 246.830 246 830 151301 Net1105511incoffle ond net movement in Funds before tron51ers Transfers b&tween furKIs Net Ilossl/income ond net movement in furbds for the yeor 190,704 49.842 240.546 1322.0771 12 190.704 49.842 240.546 332,0771 Reconciliotion of funds Toial funds brought forward 7592 154 2 d38 7840 592 8136 669 Tolal funds carned forward 7782 858 262 280 8 045138 7804 592 The notes on pages 24 to 38 form port ol these tsccounts. All activities ore continuing. There ore no gains or105ses olher thon those recognised through the Slatemertl of Finonciol ActiviLie5_
OXFORD PRESERVATION TRUST STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE FIGuféES FOR THE YEAR ENDED 31 DECEMBER 2023 These Figures show the prior yeor SiatQTnet>t ol Fin(5 Aclivilie5 der the Statement of Recommended Proc.tice. Unrestrictod 2023 Restrlct•d Totttl Funds 2023 2023 IOn)e Gronts ond donations Incomo from choritoble actNities Inveslmenl Income IL055l/Surplus on di5P05al of fixed ossets 243.414 69.n6 96.519 313.140 346.136 131.965 237,994 131,965 fottsl incotne 612 266 177 868 790134 Expenditure Cost5 of ruising lund5 Charitable octivilies 18 4?.002 1.06?924 41.002 1232 510 Total expenditvrE 1103 926 Net1105511income ond net rnovement in Iijnds before gains and lo55eS On investmen15 1491.6601 8,282 1483,3781 Goin5111ossesl on IestMentS Reolised UnrÉolised 151301 151301 Net 11ts551/income and net rnovement in funds before tronsler5 1340.3591 8.2W2 1322,0771 Tronsfers betrween funtls Net Ilossl/income ond net movement in fund5 For the year 12 1340,3591 8.282 1332.0771 Reconciliotion of fund5 Totol funds brthJ9ht lorword 8136 669 Totol funds carried forward 359? 154 212 438 7 804 592
OXFORD PRESERVATION TRUST Company no.. 225839 BALANCE SHEET AS AT 31 DECEM8ER 2024 2024 2023 Noto FIXED ASSETS Tangible (555&ts HÉriLoge os5QlS Investments 1.793.666 1.404.497 4,004.767 1.800.333 1,404,497 3.774.851 7.202.930 6 979 681 CURRENT ASSETS Deblars Cosh ol bonk ond In hond 182.288 730.941 118.429 884.848 913 229 1002 277 CREDITORS." AMOUNTS FALLING DUE WITHIN ONE YEAR 178 366 NET CURRENT ASSETS 842.?08 824 911 NET ASSETS 8045138 7 804 592 FUNDS OF I HE CHARITY Designoted funds (fixed osset51 Designated funds Iprojectsl General funds 7.202.930 434,820 145108 6.679,681 894,890 Total unrestriited lund5 Reslricted funds 13 7.782,858 262 280 7,592.15S 212 438 12 7,804 $92 The note5 on poge5 ?4 to 38 form ptsrt of these occount5. These acntS were appioved and authorwl for issue by the Trustees on 2 June 2025 REVEREND CANON PROFESSOR WILLIAM WHYTE MR PHILIP PARKEFI
OXFORD PRESERVATION TRUST STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 Nol• 2024 2023 Cash (used inl operoting activitie5 15 128B.547 590 4891 Cosh Iltsw from investing Octivities Investment income Proceeds Frum 501e of lorIble FIKed a&sets Purchose of tangible li¥ed/heriioge ossets Cosh 9eneroted by investing octivities 135,732 131.965 11.0921 134 640 11.0921 130 873 IDEciea5el in cash in the yeor 153907 459 6161 Cosh and cash eqvivolents ot the beginnin9 of the yeor Totol cosh ond cash equivolents at the end of the yeor 884.848 1.344 46. 730 941 884 848
OXFORD PRESERVATION TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2024 1 ACCOUNTING POLICIES The following aEcoiJnting policies Imjve been used consistently in deoling with materiol 05pects of the Trusr's occounis. I B•si5 of preparotion The financKJl statemen15 hove been prepored in occordonte with Accovnling aTrd Reporting by Chaiities". Stement ol fiecomrnended Practice applicoble to chcjrities iepoiing Ilieir occounls in occordance with the Financiol RepoTlin9 Stondord ijpplicoble In the UK ond Republic of Ifelond IFRS 10?). IChoritie5 SORP IFRS 10211. the Finoiiciol Reporting Stondard ¢Jpplicable In the UK ond Republic of Irelond IFRS 1021 and ihe Componics Act 2006. Oxlofd Preservotion Trust tDeets the definition of o public titY under FRS 10?. Assets and Ii(5kxlitios are Initk)Ily reco9nised ot historicd cost or tionsoction vtslue with the exception that Investrrnen15 ore ITKluded at mort¢el value. bl Pyepartstlon ol th• accounts on a goiny coTrcern busi5 Tliere is no moteriol vncertoirity oboul the chority's obilily lo continuÈ os a g01119 concorfi.Thi51s knosed on thechorily'sre.currin9incorne Ir(xnpioperLièS and inveglmen15 whiih ore low risk ond whith ore 5ulficienl to fund the actVItIeS nf the chority for the foreseeoble Fulufe. ¢1 Income All iiioomè is retognised once the chority tr5 eniiuernent to the Income. It 15 certoin thot rhe Income will be received ond the tnonetary value of Income can be meosured witli suFliLienl reliobility. All ir¥come Is net of VAT. Gifts In kind are Intluded ol o volualion provided by Oxford Pre5ervotion Trtsst'5 lond 09eTlts and ole included in theaccounts when the gill hog been received by the charity. Inter&st on funds held on dÉpot is included when receivoblc ond the omouni con be measured ieliably by the chority. thi5 is normally urx)n notilKotion of the interest paid 01 poyoble by the bank. Dividend5 ore recognised once the divKlend has been decbretl ond noiific¢Jtion hos been received of Ihe dividend due. dl Expendllufe Liabilitiès are recogni*d as expenditure 05 500n os Ihere is o legal or tonstruclive obligotion committing tlie choTily lo the expeiiditure. All expenditure Is accounted lor on aTI occiuals bosi5 ond hos been clossified under headirn9S tliot aggiegotp oll costs relofpd to Ihe cotegoiy. Solories ond ofFice c05t5 hove been ttpportionÈd bètween thuiitable activities h05ed on Individuol statf time speni on ecjch activity. Gronts are Included In the Stoiemeiit OF Finoncial Activlties wIn they ore opproved ond i>iiS has been communicotod io rhe beneficiOTies
Irrecoverable VAT is chorged ogoin5t the cotegory OF tes(xJrces expended for which it incurred. •) P•nslon cosls The pension c05t5 chorged in the ocCntS represent the contnbutlon payable by the cliorily during the yeai. fl Foxed assets 111 FLttnlture. equlpment and crjmputers Depreciation Is cglculalpd u51ng the lolloviing rates ond bose5 to write tsff tke cost of fixed 05sets over thetr expecied useful IIve5. Furniture and equipment 15% reducing boknnce Computers 20% on cost Dotobtt5e 2 on cost lill Htrit<lg• qSS•ts Assois held for rheir contriltIOn to knowledge arKI culture ore clos5ed cjs heritage assets ond included at cost. The Trust ho5 a lorgc nurnber ol lor and buildings thot rnoke up it5 heritO9e o5set5. These are included ot cost or deemed value ot date of ocouisition These ore manoged and preserved and public occe5s Is perinitted. liiil L¢Jnd and pr¢+p•rties The freehold lond and prorJeriie5 are sttsted ot ther volue to the ckxJrity. This is determined at the dote of acqui51tK)n. The lond and pri)wrlies are ocouiied in furtherance of the chaitlable objectives of Trust and there 15 rio intention Ihat thev will be 501d In the foreseeoble future. In the oplnion of Ihe trustees there Is no ustful purpose in re-voluing the assets. Freehold lond is rtot deprecioted. Depreciation is r1 prowded on fTeehold buildirvJ5 on the bos15 that the expected useful life of the buildings Is such os to moke any depreciation chorgè IinmaleTioI. It is the Trust's policy to preserve these properties in their curient condition for the foreseeable future. Incomè is generoted trom the propertEs and is reflected in the staleTrenl off Specific property improvemonts are ulso copitolised. These irnprovements ore befng deprecw)ted over 25 yeors. gl Fix•d Ysset inv•stmollt5 Invostrnenis ore stated ol mothet volue 0$ tst the bolonce sheet dote. The 5totement of finonciol actlvilies includes the net gain5 ond 1tr55es arising on revaluotioft and disposals throughout the yeoi. h? Fund a¢¢¢)unting Re5tricltd funds are funds which ore to beu5e¢l in occordance With specific restrictions imposed bythedonorsor %hich knve beenroised bythe chonlyforporticulorpurposes. The oim tsnd use of eoch restricted furKI Is set out in the notes to the occounts. Unrestricted Funds are avoiloble for use ot the d5CTetion of the ttustees In frurtheronce of the 9eneral obiecis of the chorily. De5ignoled funds comprise uniestricted funds 25
thot have bEen set aside by the Trustees foi porticukji puipoge5. The oim ond use ol each designated fund 15 sel out in the Doles to the account5. 11 Cr4ditors •Thd provislons Creditor5 and provisions ore recognised where the chanty h05 0 present obligation iesulting From a post event thtst TrMII probobly resuh in the Lransfer of fund5 to a third poity ond the omounl due to settle the ob11gotion con be meosured or estimated reliably. Creditor5 ond provisions ore tK)rmolly recognised ol their Settlement omount offter allowin9 For any Irode discouDls due. 11 Finonelal in5trum•nls The tlusl tsnly 1105 linonciol o5setsond lbIlIties0f o knrKI Ihot qualify os bosic finttnciol instruments. Basic financ1 InstrurnÈnts ale inili011y recognised ol tron5action ¥olue ond SUbseqentlY ffleowred at their settlemènt volue. 2 GRANTSAND DONATIONS 2024 2023 L8gacitS Leqacies (not lond and yopertyl 206 500 Other voluntory incom• Donotions & gronls- ieslricled fuDd5 The Williarn Oelofielcl CkK]Tiioble Ttust- unrestrided Dontstions unrestricted funds Membership subscriptions sponsor.ship OthÈr income including excursion fee5 ond sole of goods 27.440 82,880 89.1191 128,765 15.873 546 69.726 10.572 56,120 99.084 16.262 876 345 401 312 640 Totol gront5 and donotions 345 607 313.1&0 26
3 INCOME 2024 2023 Unf•Stricted intom• from charltobltr ¢Jctivitl Property.. Eost St Helen Street. Ang0Th Lord's Fairn, EynsFKJm Stockwell, 8oors Hill TLJrn Again Lone. Oxford Lond. 27.180 18.905 42,300 d8.554 25.95(1 19,133 37.20D 42,752 5,456 11,406 954 Hinksey Iffley Glebe Kennington Mar5ton 439 d178 40D 2.630 5,240 5,547 350 13,678 8,100 350 Meadow Lo. Iffley Sholover Swinlord 400 3.200 19.702 31.877 Wolvercote & Godsiow Olher including 9rant5 Other.. 19.409 67.781 UnrÈs[rted othÈr Incory 261060 237994 2024 2023 Restricted income from charllable octivill•$ Oxlord Castle Oxford Open Doors Pointèd Room Trust lor Oxffordshire Erwironment Walton Well 69,547 82.723 15,007 1,954 8.458 7,500 8.312 108 142
4 CHARITABLE ACTIVITIES Aclivitits Undertaken Dlrectly Support Cosls 2024 Totol 2023 Totol Lond ond Pfoperty Projects Planniiig, scrutiny and odvocacy Membership Service5 £ducotion 209.589 142.105 162.083 63,118 34,338 33.680 49.113 26.016 22.436 243,9?7 175,785 211,256 89.134 321 333.589 275,052 460.017 8B,060 6?6 792 423 1232 $10 Support costsconyst of overheads, odmini5trotion costs and g¢wernance costs. SupFQfl cosls are ollocoted bosed on the stoff tirne on eoch acliTrAty. Support cosls Include ourjitor's iemunerotion of 19.000 for the oudit of the tru5l'S ttnnual accounts (2023. £9,4?.S1 Also Included are É7.97612023.' £4.3721 ol Iiuil-(Judit fees [vable to the ouditor inclUdng occtsun¥5 prepoiotiOt)12024 only). payroll ond VAT returns. Compoiolives. A¢livitie5 Undertoken Directly Support Co$ts 2023 Total Lond aTid Properly Projects Plonnin9 Membership Services Educotiot) 300.284 33.30S 32.667 47.693 25.233 333.589 275.052 460,017 88.060 75.792 ?42.385 412.3?4 6?.827 54.030 ion850 1232 510 28
S SALARIES 2024 2023 Salaries 290.865 277.816 Stolulory Maternity Pay re(lMed Employer's notionol insurance conkntxJtM)ns Pension contributions (defined contritxjtion scheme) 23.583 28.751 16.484 31.487 316,476 The overage number of empjwees duiing the yeor wa5 812023.. 91. Therè is one employee earning between £70.000 ond £80.000 o yeor12023.. th&re wos one ernployee eurning belween E8Q.000 ond £90.000 o yeor The key moi)ogement personnel of the Trust comw15e the trustee5 ond ihe Trust's director lof operations not 51otutcryl. The trustees or onyone os%)ootÈd wrth them received no ierTrunerotion or expÈn5es12023'. The total employee renumerolion arKI benefits linCdIng employer's rtionl insurance) of the key mnagement PEf50nnel ol the Trust were £91,595120?3.. E95.9591. ThÈre %vere no non-5tatutory/rKJn-iontroctuol severonce poymenls were rnodÈ in the year
6 TANGIBLE FIXED ASSETS Frt•hold Egletht. Dotabgse $ Comput•r5 Tgtal Cost or voluotion at time of giFt or purchase. At l Januory 2024 Additions 1.898.826 1.246,325 1.092 484.334 101,082 67,085 I,Q92 Disposols Cost at 31 December ?024 1869 039 1246 325 4 101,082 OEpreciotion". Al l Jonuary 2024 Chorge for the yEor limirKJted on di5posoIs 9B.493 5.942 129,062 34,328 64,165 1,537 4,405 Depretiati ot 31 Decernber 2024 Net 0k value.. At 31 December 2024 1793 666 1246 325 658 At 31 Oecetnber 2023 1800 333 1246325 All tangible fixed assets ore used lor Iyirect chariioL)le purp05e5. I'l Included In Freeho propertie5 15 £1 foi leosehold propertie5 reSenn9 th& leosehold interp5t ill the ca5lle gte. The Trustees were of rhe DnIOn thot the castle 51te hos a morket valjje considerably less Ihon the costs expeFTrded on the prqeti thérÈfore oll other costs relating 10 Ihot project were expwsed.
7 HERITAGE ASSETS Fr•ohold Froehold Land Properti&s Total Cost or vtsluation ot time of 9tft ¢x pur¢h05e.' Ai 1 Januory 2024 Additions 1.404.497 1.254.497 150.000 Disposols Cost ol 31 Decembei 2024 1404 497 1254 497 150 000 Depreciotion.. At l January 2024 Charge lor the year Eliminoted on di5posoIs Depreciotion at 37 December 24 Net book VLYlue'. Al 31 December 2024 1404 497 1254 497 150 000 At 31 December 2023 1404,497 1254 491 150 000 SUMMARY ANALYSIS OF HERITAGE ASSETS TRANSACTIONS 2024 2023 2022 1021 2020 Purchases Freehold land Freehold properties Donotlons 493.167 Freehold lond Freehold pr¢>pertie5 Total Odditn5 493 167 31
8 INVESTMENTS 2024 2023 Opening rnarket voluÈ Additions in year Disposal proo.eeds Investmènt monagÈr fees Movement in cosh held Change in rrKJrket volue 3.774.851 3,632.149 116.9141 18.5991 246.830 151301 Closin9 maTker volue 4 OC>4 767 3 774 851 Morket value onolysed by type of investrneni. UK equities Overseos equities Altemotive5 339.650 2.642.587 346.1?7 144.97A 346,067 2,269.231 367.565 165.784 478.8d7 147357 Property Bond5 425,911 105.518 Cash 4 004 767 3 774 851 9 DEBTORS 20Z4 2023 Rentol Income 55.944 81.369 9.889 27.171 P<epuyments Other debttrs 32.039 118 429 10 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trode uediior5 Toxalion ond Social security Acciua15 4.683 14.107 128.053 12.931 32
11 ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS Totol Funds At 31 Dec 2023 Unrestrict•d Funds Restricted FuDd5 Fixed assot5 7.202.930 579,928 7.202.93 Net current asse15 262.280 842.208 7 ?82 858 262 280 804513 Comparotive5. Totol Fund$ At 31 D•¢ 2023 Unr•strl¢ttd Fund$ R•5tri¢ted Funds Fix(4 055Qts 6.979.681 612 473 6.979.681 Nel current ossets 21?.438 824 911 7592154 438 92 12 RESTRICTED FUNDS 8olan¢e ut 1 Jan Z024 Exp¢ndlh•r• In 8ul¢rnc• ot TroThsf+rs 31 Dee 2024 Harc(rt Hill Re%¥Y Rood Swing Bridge Mortyls Memoiiol Oxloid Costle Okford Castle CIF Roilings Project John Thomp50n Legocy Paintred Rooffi Kennin9lon Memoriol Fielt 22.768 22,768 58,445 72.601 120 114,2761 1,182 63.553 25.130 69.547 127.8931 105.207 25,130 2.077 2.071 11.5561 225 (2,6001 275 7.500 16,4561 1.000 25,3XI 3.000 A.000 Centenory Fund Educoiion/outreoch (Wood Fo<ml South Pork Walton Weil Fountoin 17.320 8.312 115.0(Kll 18.3121 27.640 7.000 7,000 9.030 ?23959
Cornporutive5".
8aion¢• Ot
l Jan 2024
lrtcom• Expendittyr•
ID y•ar
In yq4r
8tslonce at
Tronsler5 31 Dec 2024
Horcourl Hill
Rewley Rood Swing Bridge
Martyrs Metnoriol
Oxluid Ca¥tle
Oxford Costlp cir.
Oxford Land Fund
Oxfford Open OooT5
Railings Project
John Thompson Legacy
Painted ROD
?3.968
105.699
1.182
69,248
11.2001
177.0041
22,768
72,601
43,906
1,182
63.593
25.130
57.593
25 13D
163.2881
15001
500
15.007
115,0071
1.132
2.077
1,132
?.077
13.6001
1.954
la.5£41
Trust lor Oxlord
Environment
Kennington Memoriol Field
18.4581
350
275
1.000
Cenlenory Fund
177868
169 586
?.}? 438
Centenory Fund- A fuThJ 5torted in 2023 rofund activity to mark the centenory of the TiusL
2027.
Educationloutreach IW(x)d Forffll- A fund sloried in 2023 lo support outreach projects.
Horcourl Hill-management 0119 ocre field or Harcourt Hill
IfHey lor the restoratK>n of a woll ot Glebe Field. 1ftY
John Thomp50n legocy- legacy receipt fw plonfift9 01 treÈs In tenlral Oxford.
Kenniryton Memorial Field - funds recLy¥ed mointenonce ond public access.
RewlÈy Rood Swing Bridge
In furtheionce of Ihe restorotion ond landscoping project
MortVfS' Meworiol
m¢Jintentsnce ol the Mortyr5' Memorial, St Gile5
Oxfoid Castle- rental ond other income whicli. ulKler the terins of Ihe ogreetnent with Ihe
NoLionol Aeritage Memorial Fund. is used tor the benefit of Oxford Casrle.
Oxford Cost1e CIF A protx>rti<)n of the rent lo be Spent on copit
history. Painled Room- funding to*ordscoststsf re51orotionof wall poinbng. reseorch, ocojpation csnd Imprtsvemenl of Ihe preThises_ RailiDg5 Project- project to resttsie IraditrorKJl roilings. Soulh Park- funding towords %i1Y. Trust for Oxford ETrvironrnent - grant tur1n9 lot susloinobility. occess tstKI biodiver51ty projecls iii Oxfordshire Wolton Well Fountoin - fundraised incorne to support the restorotion of the fountoin 13 UNRESTRICTED FUNDS EApthdttur• rqvnlualion yéar ol31 D•¢ 2024 Jan202A Sn yttt DesignoteLI Funds Tungible and Heritage h'xed 3.X)4.830 055els 17.7591 1,092 3.19E.763 Fixed a55et Investments Lord's Fijrm 3.474.851 546.830 4.004,767 1350.0001 104,578 454.578 The Willicsm Delafield Choritable Trust 48.795 29.319 81880 148.5001 14.9521 129.4611 83.175 L(Fnd management fund Flrjod Alleviation Scheme 24,367 29,461 773 Plonning Rewley Rood Swing Bridge Lorkin5 Lane 39.755 9.048 16.072 139,7551 200 16,9591 16.8461 113.0801 2.289 9,226 Web%ite/CRM Educotion and Outreitch 17,537 249 552 4.457 206 728 142.8?4 Totol designoled fun(k 7.574.571 83.080 1178.0681 158.167 7,637,750 Generol Fund5 631.15 592.2921 105,108 7592 154 714 234 770 360 246 830 7 782 858
Cofflporatives". Bckn¢• falUatIn 2023 Designored Funds Tongible ond HerStQge fixed assets 3.212.092 3.33?.149 478.418 17,2621 3.204,830 142.7U2 3.47d.851 Fixed 05set investments Lord'5 Farm 123,9(K>l 454.578 The William Delofield Choritoble Trust 41.444 70.572 163,2221 172.3181 1330.5391 149.2271 4S.795 29,319 29.461 773 Lond monogement fund Flood Alleviotion Scheme 101.637 360,000 50.000 Plonning Revwley Rood Swin9 8ridge Larkins Lane 39,755 ?0.000 25.000 39,755 9.048 200 111.152) 18.9281 11?.4631 446 16.072 17,537 249,552 Web51telCRM Education and Outreoch 30.000 Toiol dÈsignoted fuThJs 7.500.555 70.7n 1579.4581 582.702 7,574,571 General Fulld5 4A0 DOO 7932 513 612 266 1 095 326 142 702 7 592 155 Tangible fixed assets represent the charil(s tongible fixed assets and hÈritO9e ossets Including10(Id ond woperty. Fixed ossel Investment5 represenr the ChontV'5 fD(ed asset inve5tmÈnts net of amount5 within other desiqnoted funds. Lord'5 Form represents the proceeds from the sole tsf cotioge$ 01 Eynsham and ha5 been degigi)aled for the benefil of the Trusl5' I¢vKI ond propert*s, to include necessory works to Lord's Parm. The Williaffl Delalield Chufiloble Trust rePsentS donation5 which the TfU8tees are to use for speofic costs at theii discietson. The fund contribtsted loward5 wtsiks done ot 3 Coinmarket ond 8-10 Turn Agoin Lone. Rewley Rood Swing Brid9e Includes OF £50,000 set aside by the Trustees in ?011 towards the reslorolion of the Swng Br9& less expenses 11)curred to date. Land Purchase Fund wtssset upto Fund nd purchase ond issimilof to the reslricted Oxford Lond Fund. It hos been used In 2022 lo Contribvte towords the purcfvJ5e of Lorkins Lone
Land ManagemÈnt Fund 15 to be Spent on improvement5 of existing lttnd hddings at the discretion nl the Lor)d Committee. Incliides o donotion l¥om the Wesl oxford Wildlifp. Gruup which 15 10 be speni on our lond o( north Hinksey. Flood Alloviation Scheme monoges FurKJs used bythe Tru5ttoengage with the EnvironrneDt A9eriLY'S SLlieme lo develop o flood olleviolion thomel which passes through Trust lond Plttnning wos set up by the Tnjstees to fund odditK>nol expenditureorign9 from the number of planning enquiries issues lorkins Lon¢ fund is for the future mOrK]gent of thi5 property acquired in 2022. Hatcourt Hill11 fund 15 for the fulure wn(Jnogement of this property ocquired In 2022. Webgte/CRM is to be spent on redÈvÈlopin9 wÈb&tÈ ond customer relotionship monogement system. Education OUtre(h is to fund o community engagement progromrne over 2023 to 2027. 14 LEGAL FORM & MEMBERSHIP LIABILITY Oxford Preservation Trust Is u choritable company Iimitod by guurantto incorporated in En9lond & Woles In occordonce with Cbuse 181 of tlie Compony's Mèmoroiidum ol Aswciotion. every mernber of the Trust undertake5 to contribute to tho a55Qt5 of ihe Trust in the Èvenl of the some bein9 wound up durin9 Ihe LIMÈ Ihtsl he is o member. or within one year aFterward5 for payment OF debt5 ond Iiabilitios oFthe Trust contrttcted before the time ol which he ¢ptsgeS t¢ be ts rnembei. ond ¢)f Ihe tU5ts. thorgeg ond expenses ol Winding up the sorne, and for the adiu5trnent of the rights of the contributories, such omounl 0$ troy be requifed not exceeding Filly pence The reglsteied oddress is 10 Turn A90in Lone. St Ebbe'% Oxford OXI IQL. 15 RECONCILIATION OF NET MOVEMENTS IN FUNDSTO NETCASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nel movemenl In Funds 2dO.546 5.942 1.817 1135.7321 163.8591 1107.3451 1246.8301 [332.0761 7.247 1,107 1131.9651 156.9761 6a.876 1151,3011 Add bjck depreciotion Add fixed ossels disposed of net of depreootUi Deducl iTrve5tment income in inve5tiAg octivitie5 Ilncreosel in debtors IDe¢reosel/increose in creditors IDeduct gainsllAdd1055e5 Oti Investments Add btsck invesiment monagement costs Cash Iu5ed inl operoting octNitie5 37
16 CApifAL COMMITMENTS Tho c.hority hod oapitrol c.ommitTnents at the yeor end of £NIl12023.. £NIll. 17 RELATED PARTY TRANSACTIONS Donatiokls fiom relatod partlC5 Lotalled £10012023." E3.0301 from tW5tees. 18 COSTS OF RAISING FUNDS This Includos £16.914 of Investmenr monogement C05ts12021. E8.5991.
ACKNOWLEDGEMENTS The Trust groteffully acknowled9Ès gioiils. dr)n(slrOllS. sponsur5hip and gifts in kind to the value of El.000 or rnoro from the follovAng IndNiduols. tfUSt5 Qnd orgijnisotions. together With those who wigh lo I111 antsnymoLJS'. Dr Aèron BLh0n0n Cartel Jonas Williom Dclofield Trust avid & Geneler Clark Ciitchleys Sophy Haynes Chn5 Jon05 & Soro Everett Susanntsh Lonkesler Mothews Cornlort Insurance Brokeis Pew CPhJritoble Trust Bernord & Soroh Toylor The Trust grotefully acknowledges those Trwho hove nde 9fonts. donotions. sponsorship ond gift5 in kind to the valueof 1100 orfflorefrom the Following individuals. trusts ond orgorTrisotions. loqether with those w> Wish to remoin anonymou5'. Prof Bryon Birch Lord Bradshaw Sheilo Blockwell Christ Church oul Collins Peter Crane Debbie Donce Anito Eoton The Friends of Old Heodington Olivèr Greig GTe55wdl ErMroDrnent Trust Dr Michoel Heaton Jerry Lewin t)ovid Le¥*i5 Merion College Mourice Benington Reckitt Pot WhitehtNJ5e t)oniel Wickham-Jone5 Joy Cnsihn Wilson & Robin Wilson The Trust 15 very gialeful to those who 5UPPQrt ouroctivities os". Collgge Membor$ All souls Colleqe Bra£pno£e. College Pernbroke College Sl John'scollege Corpoftita Membors 8eard Oxloid Benfield & Loxley Bidwells Blake MoTgan Burke Hunter Adorns CortÈr Jon05 LLP Cliveden Conservotion Continijurn Altro¢trions GreenFord Ltd Gfeenwood Projects Ltd Holywell Pre55 Ltd Jomes Mockinlosh A Tchitects Kiiigerlee Ltd Kitche Atchiteclure Ltd Lucy Grwp Ltd Mogdolen CtsllÈge SckKJol M(sthews Comfort Insuronce Brokers Mi115 & fteeve LLP Minns E5totes Ltd Okjrrholu Onginol Field of Architecturc Ltd Oxford Architects LLP Oxfofd Bus Compony Crilrhleys LLP Edqor5 Ltd Fothtym Architecl5 Feltham Constwction Lt¢J fjcsludio Glanville Consultants Ltd 39
Oxford Heolth System Reform Gr<MJP Oxford North Vontures GP LLP Oxloid University Developitient Ltd Penworden4ole Architects Sovvy Group Sidleys Chartered Surveyors Spoin Ctsnslruclion Ltd TSH Architects TW Jones Property Ltd W G Cortei Ltd We51 S West Ltd Woolridge & Sifflpson Ioxfordl Ltd Wri9hl & Wright Architects Pye Choritoble Settlement Radley College Ridgé & Portnecs LLP Potron Membor$ l(FD & Coroline Loing James & Jan Lawrie John & MoigoTet Leighfield Jomes & ViCtOliQ Macnamora Tim Marlin Dr Roberl & Dr Rebecca Mather Prof ftichord Moyou Lord Mendozo Aiaminto Moriis Jorne5 & 5u5an Offen Tom Peers Rupert & An¥Jndo Ponsonbv Chr15topher Pownall StevEn & Jo SEnsecoII Sir Totn & Lady Shebbeare Andrew & Judy &lver Sir Titn Stevenson Bernord S Sarah To¥lor The Late Dr Kole Tiller Richord & Kate Venables Sondy & Sue Arbuthr)ot Alexonder & Honnoh Armstrong Sir Jonatlion & Lttdy Boker Mork Beord Pet&r BÈnnèLt-Jones Donby & SoTrdy Bloch Her Honour Ann Compbell S His Honovr Qijentin Campbell John & Joaiints Church Dovid Colernan Charles & Giselo Cooper Stophen Donce Richard & Felicity Dick Doine Helen Ghosh Marjorie GIosgOW Dovid & Jone Gye Nigel & Griseldo Homwoy Dr Michoel Heaton Lord & Lady Joy of Ewelme Chris Jones & Sara EvÈTett We ore graleFul to all thosewho have let U5 knowof thtyr generosify In1eoving the Trust 0 9ifrt in their Will ond to all Ihose whohave made contributions in so mony wijys Iinonciol. volunieering and general support. 40
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