|Incorporating:|The Twittys Almshouse Charity|The Twittys Almshouse Charity|
|---|---|---|
||The Tomkins Almshouse Charity||
||The Abingdon Almshouse and Relief in Need Charity||
||The Charity of John Blacknall||
||The Charity of Richard Wrigglesworth||
|Statutory and other information|||
|Co-optative Governors|Mr L D King (Master, stood down 31 December 2023)||
||Mr C Birks (Master, appointed 1 January 2024)||
||Mrs G Butt (resigned<br>1 February 2024)||
||Mr T R Ayling (resigned 6 July 2023)||
||Mr K W Senior||
||Mr S J McCornell||
||Mrs J D Kent||
||Mrs A Saunders||
||Mr S Workman (appointed|1 June 2023)|
||Mrs M Evans (appointed 7|December 2023)|
|Ex Officio Governors|Rector<br>- Rev Dr E C Miller||
||Mayor Cllr Mr A Foulsham|(resigned 1 June 2023)|
||Mayor Cllr Dr G Lewis OBE (appointed 6 July 2023)||
|Nominative Governors|Cllr Mrs M Crick (resigned|1 June 2023)|
||Mrs G Barody||
||Cllr Mrs C Briggs (resigned 1 June 2023)||
||Cllr 0 Forder (appointed 7|September 2023)|
||Cur T Greenaway (appointed 7 September 2023)||
|Emeritus Governor|Mr M W Matthews||
|Clerk to the Governors|Mrs A Acott||
|Address of the Chan:y|4 St Helens Wharf||
||Abingdon||
||Oxfordshire 0X14 SEN||
|Principal Bankers|National VVestminster Bank Plc||
||11 Market Place||
||Abingdon||
||Oxfordshire OX14 3HH||
|Solicitors|Challenor & Son|Blake Morgan LLP|
||Stratton House|Seacourt Tower|
||Bath Street Abingdon|West Way|
||Oxfordshire OX14 3LA|Oxfordshire OX2 OFB|
|Auditor|Crowe UK LLP||
||Aquis House||
||4g<br>— 51 Blagrave Street||
||Reading||
||Berkshire RG1<br>1 PL||
|Investment managers|rvesteo Weath & Investment Limited||
||2 Gresham Street||
||London EC2V 7QN||
|Property managing agents|Orpwood Ltd t!a Adkin OTwood House||
||School Road||
||Ardington, Wantage||
||Oxfordshire 0X12 8PO||
|Registered Charity Nc|205112||





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|Long ACey Almshouses|and Hall|1446|Grade|I|
|---|---|---|---|---|
|Brick Aliey Almshouses|and outbuildings|1718|Grade|I|
|St Helen’s Wharf Almshouse||1884|Grade|II|
|St Helen’s Wharf Office||1884|Grade|II|
|St John’s Almshouses||1801|Grade|II|
|Tomkins Almshouses|& Clock Tower|1733|Grade|II|
|Twitty’s Almshouses||1710|Grade|Il|
|Albert Monument (within Albert Park)||1665|Grade)||
|Conduit House||circa 1500|Grade|II|
|Albert Park||Listed Victorian Park|||
|The Exchequer Room (forming part of the||Church of St Helen, Abingdon)|||





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## 

||Notes|2023|2022|
|---|---|---|---|
|||£|£|
|FIXED ASSETS||||
|Tangible assets|7|41,486|21,508|
|Investment properties|8|6,983000|7,180,000|
|Investments|0|15)625,841|14.739.909|
|||22,650,327|21.941.417|
|CURRENT ASSETS:||||
|Debtors|10|132,512|147,500|
|Cash at bank and in hand||998047|1,257,297|
|||1,130,559|1,404,797|
|LIABILITIES:||||
|Creditors: Amounts falling due within||||
|one year|11|(227,175)|(158,870)|
|NET CURRENT ASSETS||903,384|1.247.927|
|TOTAL NETASSETS||23.553.711|231892AA|
|THE FUNDS OF THE CHARITY:||||
|Unrestricted funds||||
|General|14|8,584,929|8,429,159|
|Designated|14|560,733|521,437|
|||9,145,662|8,950,596|
|Restricted funds|15|1,446,758|1,487,803|
|Endowmentfunds|16|12,961,291|12.750.945|
|TOTAL FUNDS|17|23.553.711||





## 

||Notes|Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|2023|2022|
|||£|£|£|£|£|
|Income and endowments|||||||
|from:|||||||
|Donations|2|-|4100|-|4,100|59,100|
|Inves:ments|3|668,637|44,627|4,453|717,717|696.389|
|Charitable activities|||||||
|- contributions from Almspeople||144,374|75,494|-|219,868|225,012|
|Other||371|||371|1.160|
|Total income and||813,382|124,221|4,453|942,056|983,661|
|endowments|||||||
|Expenditure on:|||||||
|Ra sing Lnds|4|25,830|4,295|161,671|191796|359603|
|Charitable aóvit es|||||||
|- Grants payable||514,038|18,739|-|532,777|319.362|
|- Provision of Almshouses||243722|177,232|-|420,954|281,175|
|- Albe’l ParK maintenance||87.986|7.562|-|95.548|132.535|
|Total expenditure|4|871,576|207,828|161,671|1,241,075|1,092.676|
|Net gainsl(Ioss) on investments||256.054|42,562|364.770|663,386|(2.491.544)|
|Net surplusl(deficit)||197,860|(41,045)|207,552|364,367||
|Transfers between funds|14|(2.794)|-|2.794|-|-|
|Net movement in funds||195,066|(41,045)|210346|364367|(2,600,559)|
|Total fu’cs brought fcrwarc||8.950.596|1,487.803|12,750,945|23.189.344|25,789.903|
|Total funds carried forward||9.145,662|1,446.758|12,961.291|23.553.711|23j_89,344|





## 

||2023|2022|
|---|---|---|
||£|£|
|Net cash used in operating activities (see below)|(926,624)|(801,131)|
|Cash flows from investing activities|||
|Interest, dividends and rents from investments|717,717|698,389|
|Purchase of pant and equipment|-|(4043)|
|Purchase offurniture and equipment|(24,797)|-|
|Proceeds from sale of investments|4,626,583|3,123.267|
|Purchase of investments|(5,321.562)|(2.510.111)|
|Net cash (used in)/ provided by investing activities|(2,059)|1,307,502|
|Change in cash and cash equivalents in the year|(928,683)|506,371|
|Cash and cash eqvaent brought forward|1993.241|1,485.870|
|Cash and cash equivalents carried forward|1.064.558|1,993.241|
|Net income for the reporting period (as per the|||
|statement offinancial activities)|364,367|(2,600,559)|
|Depreciation charges|4,819|4,175|
|Dividends, interest and rents from investments|(717,717)|(698,389)|
|(Gain)/loss on investments|(663,386)|2,491,544|
|Decrease/Oncrease)/ in debtors|14,988|(26,846)|
|Increase/(decrease) in creditors|70.305|28.944|
|•1,—.+ ,....,,..I.<br>• ,,..,.A<br>IICL ..qoII<br>t4001.A<br>III JCIOLIII<br>ac.LIVILICD||(Out. I5!)|
||2023|2022|
||£|£|
|Cash awaiting investment with investment managers|66,511|735,944|
|Cash in hand|537,347|314,638|
|Notice deposits (less than three months)|460,700|942,659|
|Total cash and cash equivalents (Note 13 & 19)|1.064.558|1,993.241|





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## 

|Office furniture, fixtures and fittings|20°/s straight line basis|
|---|---|
|Office equipment|25% straight line basis|
|Park eQuipment|25% s:raigbt line basis|



## 

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## 

## 

|2.|INCOME<br>-|DONA|TIONS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted||Total|Total|
||||||Funds||Funds|2023|2022|
||||||£||£|£|£|
||Conduit House Restoration Grant||||-||-|-|5,000|
||Fieiding Aims House Legacy||||-||-|-|50000|
||Aibert Park|- contribution|||||4,100||4.100|
||||||||4.100||59.100|
|3.|INCOME - INVESTMENTS|||||||||
||||Unrestricted||Restricted|Endowment||Total|Total|
|||||Funds|Funds||Funds|2023|2022|
|||||£|£||£|£|£|
||Equity divdends|||||||||
||and interest|||347,179|44,627||4,453|396,259|411,431|
||Bank Interest|||30,372|-||-|30,372|12,079|
||Rents|||291,086|-||-|291,086|274.879|
|||||668.637|44,627||4.453|717.717|698.389|
|4.|TOTAL RESOURCES EXPENDED|||||||||
|2023|||Direct|Staff|Depreciation||Support|Total|Total|
||||Costs|costs|costs||costs|2023|2022|
||||£|£||£|£|£|£|
|Cost of raising funds||||||||||
|investment|managers fees||66,921|-||-|-|66,921|69,621|
|Prope’ty costs|||124.875|||-|-|124,875|289.982|
||||191,796|-||-|-|191,796|359.603|
|unaritanie|activities|||||||||
|Grants Payabie (Note 6)|||516,794|11,958||723|3,302|532,777|319,362|
|Provision of Aimshouses|||275,006|98,729|3,614||43,605|420,954|281,l75|
|Aibert Park maintenance|||74,382|18,482||482|2,202|95,548|132.536|
|Total resources expended|||1.057.978|129.169||4.819|49.109|1.241.075|1,092.676|
|Support costs included within||||||||||
|provision|of Almshouses|||||||||
|Audit|||-|-||-|19,240|19,240|2I,682|
|Office saiaries|||79,724|-||-|-|79,724|84,857|
|Office costs|||24,658|-||-|-|24,658|21,329|
|Professionai fees|||-|-||-|7,850|7,850|-|
|Sundry|||3,449|-|||-|3,449|5.933|
||||107 831|-||-|27.090|134.921|133.801|





## 

|4,<br>TOTAL RESOURCES EXPENDED|4,<br>TOTAL RESOURCES EXPENDED|(continued)|(continued)||||
|---|---|---|---|---|---|---|
|2022|Direct|Staff|Depreciation|Support|Total|Total|
||Costs|costs|costs|costs|2022|2021|
||£|£|£|£|£|£|
|Cost ofraising funds|||||||
|Investment managers fees|69621|-|-|-|69,621|71,966|
|Property costs|289,982||||289,982|91,358|
||359.603|-|-|-|359,603|163,324|
|Charitable activities|||||||
|Grants Payable (Note 6)|301.177|12728|626|4,831|319,362|235.924|
|Provision ofAlmshouses|125.401|106,801|3,131|45,842|281.175|234,203|
|Albert Park maintenance|102.747|26.151|418|3,220|132.536|109,564|
|Total resources expended|888.928|145.680|4.175|52492|1.092,676|743.015|
|Suppcrt costs included within|provision||||||
|ofAlmshouses|||||||
|Audit|-|-|-|21,682|21,682|17,116|
|Office salaries|84.857|-|-|-|84,857|81,131|
|Office costs|21,329|-|-|-|21,329|20,401|
|Sundry|5.933|-|-|-|5.933|2.910|
||112.119|-|-|,j,,,6&2|133801|121.558|





## 

## 

||2023|2022|
|---|---|---|
||£|£|
|Saiariesandwages|118,113|132291|
|Social security costs|6,043|8,087|
|Pension contributions|5.013|5,302|
|||145.680|



|The average monthly number of employees was as follows:|||
|---|---|---|
||No.|No.|
|Almshouses and Almspeople (1 full-time)|I||
|Albert Park (1 part-time)|1||
|Management and administration (2 full-time, I part-time)|3|3|
|||5|





## 

## 

||Total|Total|
|---|---|---|
||2023|2Q22|
||£|£|
|Educational|||
|Charitable payments for3 (2022:2) individuals|13007|25,200|
|Charitable payments for 11 (2022:8) educational insttutions|254.086|113.250|
||267093|138,450|
|Relief|||
|Charitable payments far 31(2022:15) individuals|31092|12,105|
|Other social institutions 27 (2022: 15) institutions|205784|136,007|
||236,876|148,112|
|John Blacknall Church branch|12,825|14.605|
||516.794|301.177|



## 

||Freehold|||
|---|---|---|---|
||land and|Furniture &||
||buildings|equipment|Total|
||£|£|£|
|Cost||||
|At 1 January 2023|74,480|24,383|98,863|
|Additicns||24,797|24797|
|At 31 December 2023|74,480|49,180|123.660|
|Depreciation||||
|At<br>1 January 2023|56,510|20,845|77,355|
|Charge for the year|3,670|1,149|4,819|
|At 31 December 2023|60,180|21.994|82,174|
|Net book values||||
|At 31 December 2023|14.300|27.186|41 .486|
|At31 December2022|17.970|3.538|21.508|





## 

||2023|2022|
|---|---|---|
|Freehold land and buildings|£|£|
|Valuation|||
|At I January 2023|7,180,000|6,830,000|
|Revaluation|(197.000)|350,000|
|At 31 December 2023|6.983.000|7.180.000|



||||Valuer<br>—||
|---|---|---|---|---|
||||Vail||
||Valuer|- Adicin|Williams|Total|
|||£|£|£|
|Commercial||-|2095,000|2,095,000|
|Residential|3.223,000||-|3,223,000|
|Agricultural land|495,000||-|495,000|
|Freehold land (leased until 2025)|||70,000|70,000|
|Freehold land (leased untH 2037)|||1.100.000|1,100.000|
||3,718.000||3.265.000|6,983,000|



|At the balance sheet date! the chwity had contracted with<br>minimum lease payments:|tenants to receive th|e following f|
|---|---|---|
||2023|2022|
||£|£|
|Not later than one year|202,599|189,185|
|Later than one year and not later than five years|288,269|°! 421|
|Later than five years|100,974|34.393|
|||530.999|





## 

## 

## 

|INVESTMENTS|||
|---|---|---|
||2023|2022|
||£|£|
|Market value at 1 January 2023|14,003,965|17,458,667|
|Additions|5,321,562|2,510,111|
|Disposals|(4,626,583)|(3,123,267)|
|Revaluaton gains|860386|(2.841.546)|
|Market value at 31 December 2023|15,559330|14.003,965|
|Cash awaiting investment|66,511|735944|
|Total as at 31 December 2023|15,625.841|14,739,909|
|*Historical costs of investments at 31 December 2023|.i.Qfl%flfl|10.755.265|
|The year-end market value is made up as folows:|||
|UK fixed interest|881,890|931,069|
|UKequities|5,091,076|7,181,177|
|Overseas fixed interest|422,405|588,524|
|Overseas equities|6,727,469|3,807,555|
|Other assets|1,501,446|1.495.640|
|Cash and accrued interest|1.001,555|736.944|
||_Ji62&841|_t4140.02|



## 

|DEBTORS|||
|---|---|---|
||2023|2022|
||£|£|
|Trade debtors|109,869|l27,335|
|Prepayments and accrued income|22,643|20,165|
||132.512|147.500|





## 

## 

## 

|CREDITORS: Amounts falling due within one y|ear||
|---|---|---|
||2023|2022|
||£|£|
|Trade creditors|58,407|32,775|
|Accruals|168768|124095|
|||156.870|
|FINANCIAL INSTRUMENTS|||
||2023|2022|
||£|£|
|Basic financial assets|16,733,757|16,124,541|
|Basic financial liabilities|(227,175)|(156,870)|



|||2023|2022|
|---|---|---|---|
|||£|£|
|Total|dividend and interest income for basic financial assets|426,631|423,510|
|Total|gainsf(losses) in respect of basic financial assets|860,386|(2,841,546)|



## 



## 

## 

## 

|UNRESTRICT|ED FUNDS||||||
|---|---|---|---|---|---|---|
||AL!|||||At31|
||January|Incoming|Resources|||December|
||2023|resources|expended|Gains|Transfers|2023|
||£|£|£|£|£|£|
|Designated funds|||||||
|- extraordinary|||||||
|repairfund|521,437|8,910|(1,508)|14,917|16,977|560,733|
|General funds|8,429159|804,472|(870.068)|241,137|(19 771)|8,584,929|
||8.950.596|813.382|(871.576)|256.054|(2 794)||



## 

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## 



## 

|15.<br>RESTRICTED|FUNDS||||||
|---|---|---|---|---|---|---|
||All|||||At31|
||January|Incoming|Resources|Gains!||December|
||2023|resources|expended|(Losses)|Transfers|2023|
||£|£|£|£|£|£|
|Albert Park grant||4100|(4100)||||
|John Blacknall|||||||
|Church branch|5,738|-|(12,825)|164|9,085|12,162|
|Reief in need branch|460.364|20,481|(7.965)|13,170|(19,085)|466,965|
||466,102|20,481|(20,790)|13,334|-|479,127|
|Richard Wrigglesworth|||||||
|Relief in need branch|112,728|4,044|(6944)|3,225|1,142|114,195|
|Education|42,106|1,494|(122)|1,205|(1,142)|43,541|
||154,834|5,538|(7,066)|4,430|-|157,736|
|Abingdon Almshouse|||||||
|Almshouse branch|259,142|6,256|(4,003)|7,413|(4,652)|264,156|
|Extraordinary repair|216,449|3,699|(625)|6,192|4,652|230,367|
|Relief in need branch|(57,947)|(42)|(9,098)|(1,658)|-|(68,745)|
||417,644|9,913|(13,726)|11,947|-|425,778|
|Tomkins Almshouse|||||||
|Almshouse branch|195,857|55,712|(82,514)|5,603|(17,656)|157,002|
|Extraordinary repair|114,408|t954|(330)|3,273|1,656|136,961|
||310,265|57,666|(82,844)|8,876|-|293,963|
|Twitty’s Almshouse|||||||
|Alrnshouse branch|5,323|24,238|(78,915)|152|(3,490)|(52,692)|
|Extraordinary repair|132,798|2,270|(363)|3,799|3,490|141,974|
|Legacy|837|15|(4)|24|-|872|
||138,958|26,523|(79,302)|3,975|-|90,154|
|Total restricted funds|1,487.803|124.221|(207,828)|422|-||



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## 



## 

|16.<br>ENDOWMENT|FUNDS|||||||
|---|---|---|---|---|---|---|---|
|||AtI|||||At31|
||January||Incoming|Resources|Gains!||December|
|||2023|resources|expended|(Losses)|Transfers|2023|
|||£|£|£|£|£|£|
|Christ’s Hospital||||||||
|Permanent|11,366,538||-|(144,119)|325,166|-|11,547,585|
|Capital recoupment||||||||
|-<br>OrderA|187.448||3,200|(2.377)|5,362|2078|195,711|
|-<br>Order B||73.294|1.253|(930)|2,097|716|76430|
||11,627,280||4,453|(147,426)|332,625|2,794|11,819,726|
|John Blacknall||||||||
|Permanent|732.469||-|(9.287)|20.954|-|744.136|
|Richard VVigglesworth||||||||
|Permanent||||||||
|-<br>General|123,955||-|(1,572)|3,546|-|125,929|
|-<br>Education||45,331|-|(575)|1,297|-|46,053|
||169,286||-|(2,147)|4,843|-|171,982|
|Abinydon Almshouse||||||||
|Permanent||||||||
|- Almshouse branch|106,890||-|(1,355)|3,058|-|108,593|
|-<br>Relief in need||||||||
|branch||55.472|-|(703)|1.587||56.356|
||162,362||-|(2.058)|4,645|-|164,949|
|Tomkins Almshouse||||||||
|Permanent||41.019||(520)|1.173||41.672|
|Twitty’s Almshouse||||||||
|Permanent||18,529|-|(233)|530||18.826|
||12.750,945||4,453|(161.671)|364 770|2.794|12.961.291|



## 



## 

## 

|2023|Tangible|Investment|Investments|Net current|Total|
|---|---|---|---|---|---|
||Fixed assets|properties||assets||
||£|£|£|£|£|
|Endowed|25,886|6,983,000|5.949,611|-|12,958,497|
|Restricted|-|-|1,445,758|-|1,446,758|
|Unrestricted|15.600|-|8.229.472|903.384|9.148.456|
||41.486|6.983,000|15.625 841|903 384|23.553.711|



|2022|Tangible|Investment|Investments|Net current|Total|
|---|---|---|---|---|---|
||Fixed assets|properties||assets||
||£|£|£|£|£|
|Endowed|-|7,180,000|5,570,945|-|12,750,945|
|Restricted||-|1,487,803|-|1,487,803|
|Unrestricted|21,508|-|7,681.161|1.247.927|8,950,596|
||21,508|_Z.180.000|14,739.909|1.247.927|23,189,344|



## 

||2023|2022|
|---|---|---|
||£|£|
|(Decrease)/increase in cash during the year|(928.683)|506.371|
|Change in net fjnds|I92&68|506.371|
|Net funds at 1 January 2023|zL.S93.24i.|1.486,870|
|Net funds at 31 December 2023|1.064.558|1,993,241|



## 

|||Net funds at|Cash|Net funds at|
|---|---|---|---|---|
||||change|31|
|||January||December|
|||2023||2023|
|||£|£|£|
|Cash|at bank and in hand|314,638|222,709|537,347|
|Cash|awaiting investment|735.944|(669,433)|66,511|
|Cash|deoosits|942.659|(481.959)|460,700|
|||1.993.241|(928 683|1.064.558|





## 

||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|2022|
||£|£|£|£|
|Income and endowments from:|||||
|Donations|-|59,100|-|59,100|
|Investments|618,521|72,408|7,460|698,389|
|Charitable activities|||||
|- contributions from Almspeco!e|125,578|99,434|-|225.012|
|Other|930|-|230|1.160|
|Totalincome and endowments|745029|230942|7,690|983.661|
|Expenditure on:|||||
|Raising funds|34,435|6,432|318,736|359,603|
|Charitable activities|||||
|- Grantspayable|298,029|21,333|-|319,362|
|- Provision ofAlmshouses|206,561|74,614|-|281,175|
|- Albert Park maintenance|69,431|63.105|-|132.536|
|Total expenditure|608.456|165.484|318,736|1,092.676|
|Net gains/oss on investments|(1.405,467)|(252,558)|(823.519)|(2.491.544|
|Net stirplus/(deficit,)|(1.26&894)|(197. IQQJ|(1. 134.565)|(2,600.559)|
|Transfers between funds|-|-|-||
|||||-|
|Net movement in funds|(1,26&894|(197,100)|(1,134.555)|(2,600,55Q)|
|Total funds brought forward|10.219.490|1.684,903|13,885.510|25,789,903|
|Total funds carried forward|&952,595|1,487,803|12 750,945|23 189 344|