2024-12-31-accounts

Charlty No: 205112 CHRIST'S HOSPITAL OF ABINGDON REPORT BY THE GOVERNORS FOR THE YEAR ENDED 31 DECEMBER 2024

CHRIST'S HOSPITAL OF ABINGDON In¢orporatlng: The Twlity's Almshouse Charity The Tomkins Almshouse Charity The Abingdon Almshouse and Relief in Need Charity The Charfty ol John Blacknall Tho Charity ol RiGhard Wriggle5WQrth Statutory and other Inlormatlon Co-optative Governors Mr C E Birks Imaslor from 01.1.241 MrLDKinu Mrs G Butt Ilo 01.02.241 Mr K W Sen1or Mr S J Mcconnell rsJDKent Mrs A Saunder8 Mr. S Workman Mrs M Evan8 Ex Oflicio Govéfnors Fleclor- Rev Dr E C Miller 110 03.10.241 Mayor Cllr Dr G Lewis OeE Ito 02.05.241 Mayor Cllr G Barody Ilrom 06.06.241 Nominallve Governors Cllr G 8arocty Ilo 02.05.241 Cllr O Forder Ilo OS.06.241 Cllr T Groenaway Cllr C Sanderson Ilrom 04.07.241 Cllr R J8hanlS Ilrom 04.07.241 Emeritus Govemor Mr M W Mallhews Cler1( lo the Governors Mrs A Acolt Address ol tho Charlty 4 Sl H91gn's Wharf Abingdon Oxlordshirg OX14 SEN Prlncipal Bankers Nallonal Weslm5n8ter Bank PIC 11 Markgt Placè Abingdon Oxltsrdshirè OX14 3HH Sollcllors Challenor & Son Slrallon House Bath Street Abingdon Oxlordshirè OX14 3LA Blake Morgan LLP Seacourt Tower Wesl Way Oxlordshirg OX2 OFB Auditor Crowg UK LLP R+ Building 2 Blagrav8 Sir88t Reading eerkshSre RG1 1 AZ Inveslmenl manager5 Investec Wealth & Investment Limited Part ol Ralhbones Group Plc. 2 Grèsham Street London EC2V 7QN Property managirKJ aganls Orpwood Ltd Va Ath(in Orpwood House School Road Ardinglon, Wanlage Oxlordshire OXI 2 8PQ Aegislered Charity No 205112 Page 1

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 DECEMBER 2024 The Governors present their annual report and linancial slal8menls of the Charity lor the year ending 31 sl December 2024. The financial statements have been propared in accordance with the a¢¢ounling pol￿1&5 sel out in note 1 to the accounts and comply wilh Ihe requirements ol th8 rg18vanl regulalions issued und¢r the Charitles Act 2011, having rogard lo the applicable verslon ol tho Charities SORP. 1. STATUS. ADMINISTRATION AND CONSTrruTION Th8 Anciènt Corporation ol the Master and Govérnors of the Hospital ol Christ of Abingdon I"Ancienl Corporalion'l was created by Lellers Patent ol King Ethard Vl Sn 1553. Chrlst's Hospital ol Abingdon 18 now a Regislergd Charity regulated by a Schama sealed by the Charity Commissioners lor England and Wales on 25 January 1971. The charity number, present Governors and advisor8 ara listed on page 2. 2. STRUCTURE, GOVEANANCE AND MANAGEMENT Christ's Hospital 1$ a Reglslered Charity regulated by a Schèma sgalgd by the Charity Commls$loner5 lof England and Walas on 25 January 1971 and subsgquenl Orders of 1999 and 2002. Thg Govgrnors perlorm their obligations under the Schemes lor the conslilu8nt Charities by applying tho Income ol tho Charity lo provide charltable support lo rosidgnls ot the town ol Abingdon in Oxlordshire and such part ol the ancient parishes ol Sl Helen, Sl Holon Wllhoul and Sl Nleolas, Ablngdon as do not fall wllhln Ihg boundaries ol thè town. Th8 Govgrnorg are able to extend Ihg arga ol benefll lo tho immèdlata surroundings ol Abingdon in cgrlain circumstances. Durlng thè year wg sald goodbye lo The Revergnd Dr Charles MSller who relred alior 18 years servlce ag an Ex Ollioio governor and Mrs Glynna Bull who had served as Governor for 20 years and Master from 2015, Mayor Cllr Gabby Barody was appointed as Ex Oftlclo Governor, replacing Mayor Dr G Lèwis OB Cllr O Forder rgsigngd Clllr C Saundgrson, and Cllr Rawda Jehanll wero appointed as Nominativè Governors. All newly appoinlgd Govgrnors arg provided with a Gopy ol th8 Scheme dated 25th January 1971 and subsequent Orders, a copy of the Annual Repc¢rt and Flnanclal Stal8menls lor Ihg last IlnanGial year, the Charlly Cornmlssion book lor omall Ilnkl The Essonlial Trustee" and acc&ss to a copy ol the Almshouse Association book 'Standards ol Alm5hous8 Management.. Th8y also havo a briefing meeting with the Master and the Clerk. Governors arè ¢ncouragod lo attend the various s8minars organlsed by thé Ajmshouse Association. Al the Governors, Méoting in December 2024. il was proposed and unanlmously agreed lo rènew the appolnlm8nl ol Mr Gharlio Birks lo be Master lor the year commgnclng 181 January 2025. Mr 8irk5 respacttully acceptgd. Much ol tha work of Ihg charlty18 carried out by thè Govornors-In-Charg8, supported day by day by Ihe Clerk, Flnance & Admin Assistant, Almshouse Adminlslrator and Park Koapgr. Governors-in-charge durlng the year were as follows.. Mr S Workman Mrs G Bult Mrs M. Evans MrLDKlng Mr S J McConng11 Mr K W Senior Mr C Birks Park & Gardens Ilrorn 01.06.231 Almshouse Residents Ilo 01.02.241 Almshouse Residents Ilrom 02.02.241 - Almshous& Property Eslales Ipropertyl Finan¢9 - Grants Page 2

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Govemors dalegate day lo day responsibility lor various aspects ol the Charity's allwrs lo- The Clerk who manages the staff and Ihe almshouse property p0rlf0l￿. maintwns the Gharity's accounting and other records and carries on the administration of the Charity to comply with licable laws and regulations. The Clerk also manages the Archivist who is ￿SPOnsible lor the recordAng and keeping of material for the archives ol the Gharity. Th8 Invèstment M8nao¢r$ who manage the portfolios h81d by tha Charity undera discretionary management mandate. The Property Managlng Agent• who manage th8 investm8nl prop8ty held by the Charity. Tho Chart•red Surv•yor8 who advise on the slruclural integrity of tho Charity s almshouse propety to ensure a suitable standard is maintained. 2.1 Sch•m• ol Gov•manc• Gov•rnor$ m81 on 818v8n Thursdays Ilncluding a strategy mgelln91 during the year lo enable them lo dischargè thoir réspon51billligs. Al Iheso meglings. Gov¢rnors rec8lve reports from th8 Gov8rnois-In- Chargè on thgir aclivilles In tho prgvlous month which conllrm, or rgcommend lor discussion, acllons to be taken in both the short and longer lemi. These wrillen and verbal reports providg gach Govornor with the Inlormallon n8c6ssary lo dischargè Ih8ir dutlos. The Governors relaln responslbility lor all kèy declslons, Includlng approval ol.. Th• stratègy 8nd policl8s adoptodby th8 Gharily b achieve Ils ¢harllable objectives. The annual budget. Major capital expendlture, Includlng propety acqulslllon 8ndrefurt)ishmenl. The 8nnual Ilnanclal slal8fflenls. The appoinlment ol reS￿ents to vacant almshouses. Under extraordNnary GirGumslances the need to sel aside a Ilcense lo occupy an almshouse. Grant appI￿allOnS. A framework ol aulhoriliès is in place, which map5 Out lh8 structure ol dglegallon as well as speclfylng those issues which remain the preserve ol the Governors. This Iramowork emphasizgs ihe key rol8 01 specific Governor responsibility in the exercise ol executive control, subj8cl to r8POrting and ralllicalion by Ihe Governors, as described abovg. The relevant individuals are idenlilied earli8r in this raporl on pag8 3. The FinanGe Governor monitors and reviews Ihe Charity's linancial and int8rnal control as w8118S its investments. The Grants Govemor receives, consKl8rs and evaluat8s applic81ions for chantable asslstance, aGcording to the prow5￿￿S ofthe Scheme. The Almshouse Property Govemor overs88s th8 manag8m8nl ol ixilh almshouses and health and safety rrratters relating to the almshouses 2nd worwaces. The Almshouse R8sid8nts' Gov8rnor looks aft8r th8 best int8r8sts ol th8 residents and takes the lead role in the appoinlmentof new residents. The Park and Gardens Governor ov8rs88S th8 manag8m8nt of Alb8rt Pa￿ and the almshouse gardens. The Estatgs (Propety) Governor oversees the managemenl of investm8nl properties to 8nsur8 rental arKI maintenance matt8rs ar8 d8all wilh in line with the Sohem8. Pagg 3

CHRIST'S HosprrAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Related Partles and Conllkts ollnterest During th8 yaar varlou¥ Govornors are invofved 8ilhor as Irusl88s or In the management of a numbor ol voluntary organisalions majority ol which are In Ablngdon, Including.. The Albert Mernorial Trust IRegSsleiad Charity No 10762741 A￿.ngdon and Wikney Colleg& The Ablngdon Bridgo (Registered Charity No 11600801 A￿ngdon School IRegislered Ch￿IlY No 10712981 Friends ol Abbey Bulldln9s Trust IRegisterod Charty No 11833981 Friends ol Abingdon Clvic Soclely IReglst8rgd Charity No 11833971 Quest lor Learning (Reoislered Charity No 11072191 St Michael's and All Angels. Church DCC Abingdon Town Council Friends ol St Edmunds School110961211 Filzharrys Manor Eslales Residents Assoclallon Sunningwell Poor's Land Charity IR8gisl8red Charity No 2007251 Sunnlngwall Poor's Land Schools Foundation (Registered Charlly No 2855061 Th8 Law Society Inslilule ol Mar1(8llng Inslllule ol Management Suslalnable Dlalogues Ablngdon Surgery Pallenls Group The Mental Health Foundallon Inslltule ol Chariared Accountants in England and Wales Dunmorè School Abingdon L9arning Trust Rlvgrslde Collectlon Manag8meni105662587 Manor Prèparatory School Ewglme Almshousg Charlly12005811 Ppndon Museum13136141 The Charlty Is also a rn¢mber of the Almshouse Assoclallon to whom an annual subscripllon Is paid. The Govamors havo adop19d a comprehensive policy lo idenllly all transactions with related partles or other transactions which might involve any connlcl ol interest. These are detailed in Nola 13. 2.3 R•munorntlon Our approach lo remuneralion is designed lo ensure we can attract and rètain the talgnlgd and rnolivaled people we need to achieve our Mission and deliver our slral8oic goals. 11 is applied ¢onsislenlly across the organisalion. We aim lo pay Gompelilively in the nol-for-prolil sector wlthin thg con19xI ol attordabilily. We therefore Conslder factors such as salarles pald In comparabl8 organisalions. No rgmuneralion wa5 paid either direcdy or Indirectly lo any Governor or connected person during the period under revlew. Reimbursement of expenses occurs inlrequenlly and then only whon Governors or staff arè acting on Ghrisl's Hospital or Almshouse Association businèss and orbly on production ol a vdid recelpl and ih• compl8lion ol a reimbursement form. Page 4

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2.4 Insurance The Governors manlain indgmnity insurance ol up to £1 million. The annual premium charged in Iheso linan¢ial statemen15 was £868.00 12023: £868.00}. The Governors lully recognlsè that this does not relieve Ihem ol Iheir responsibilities. 2.5 Rlsk Management Stat•mont The Govèrnors havè assossed the major strategic, business and operational risk8 which they believe the Charlty laces. The external risks and exposure Ihoreto are k9pI under ¢onslanl review, together with Ihg Internal aspec18 01 health and $afèty- A rlsk managèrnent register is maintained and is reviewed annually lo ensur& risks are effectively managed by the Charity. The major risks and prevenlalive measures in place are as follows.. The investment managers, Inv&slec Wealth and Managemenl Ltd, manage the Charlty's portfolio wllhln agr88d paiameler8 Imediumlhigh Tiskl which are monilorgd al least quarterly, and &1 Governors are provided wllh summaries ol those reports. A represenlatlve ol the investment company presanls a formal annual report and dI￿U$$i0n ol th• portfolio during at Igasl ong ol th9 Governors, m991ings, usually March. The investment Gompany ensure Ihal Ihe Gharily invests in 'defensive' stocks whlch remain mosdy unalfecled by economic variations. l & Reslde Adkin are a speclalisl property management company who managè the Charlly'8 propèrty and land and report monthly lo the Governors, making rècommèndation$ as to the best way lo maxlmSse the return on the Charity's portfolio, whllsl remaining wilhln the r¢mll ol Ihtr S¢heme. The Governgrs Sook prolgssional advico on th9 riskg associated wilh Almshouses and other property and Install and monitor saloty oquipmant and measures on a regular basss. In April 2015, a malor Fire Safely Insp¢¢lion look place and as a rosull ol this upgrades were made lo lire equipment and policies. In Sopleml)er 2019, the local Flre Officer also vlslled and was sallslied by the systems In place and the supporting paperwork. In Sèptember 2021 Turner Fire SecuTily Ltd were appointed lo Garry out a lire risk assgssmenl the lindlng8 ol whlch have been Implemented durlng 2023. nlormati nDam Fra rim The Governors have taken advice on prevenlion of information Ihgft and rggularfy revlew the Charlty's Fraud policy lo rellecl the ever-advanGing abllily 91 'fraudslers' lo galn access to senshlve Inlormatlon. In 2023 som• oldèr eompulèr oquipmgni was roplaced lo ensur8 lh8 lalesl bast practice lor back-up and protgetson of information is adhered lo. As a rosull ol a review into ot our $￿UrIty and back up concerns a new IT consuifant was engaged a8 01 May 2024. Page 5

CHRISTS HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2.6 Publlc Bgneflt In lollowing the Charity's aims and objecllves. Trustees have had regafd lo the Gharily Commisslon's guidatKe in complylng wlth Ihelr duty in section 17151 ol the Charities Act 2011 on public benefit. The provlsion ol almshous8 accommodation lor thos8 in need provides an id6nliliabig public benefit which Is directly In Ilnts with the Charlly s aims. Beneficiaries of almshousos musl be In need and wlll be drawn from that $e¢llon ol the public which has been delined in the Scheme. Thg Charity giv08 'rellel In ne8d' through educatlon grants and grants ol domesllc Items to those who cannot afford them and fall outside the help ol the l¢xal aulhorily. This year they also gav8 a considèrable nurnber ol substantial grants to local Gharilles lor specllic purposes lo benetit resldents In our area ol benelll. All the above are directly Idenliliable publiG benelll. The Charlly also malnlalns Albert Park. a park whlch Is perrnanendy open lor use by any member of the publlc and gasily aGGesslble lo all levels ol mobillly. This is also In Ilne wllh the Charilles scheme docurnenl. 3. OBJECTS AND ACTIVITIES 3.1 obl￿t8 The Cbjects ol Chrlsl's Hospltal ol Ablngdon and Ils subsldlary chaTltleS W9rg crgaled lo provklg char113ble support lo r8sld8nls ol Ihe town ol Abingdon-on.Thames In Oxlordshlre. Thé Charity's Stratégy is lo provlde lurKls both for Indlvlduals and organlsalions lo provlde help and rellel wilhln the terms of the Schomos, This can only be achSevgd wllhin the condlllons at the tlme. The Primary objéctive is th9 provision ol almshouse accommodation. Funds are also avallable lor Ihg rellel ol need and educallon ol residenls wllhln the area ol benelll. The Charity owns Albert Park recreation ground and ils surTounding roads, and whllsl the Governors lully recognlse Ihelr resF)onsl￿l1lY lor ih6 maintenanc# of th959, It d09s p¥ovide a major draln on the Charity s r880urces. The Charity mgasures ils su¢cgss In soveral ways. It alms to achieve a 90Vo occupation ral& lor m5houses, lo maxlmlse the grants paid out and lo adhere as closèly as posslblè lo Its annual budget in all argas. The Gharily is vory proud ol ils commitment lo keeping alfflshgu$9s a5 up lo dale as possible within the confines ol Ihelr listed bullding status Isee'Th& èslatè'l. The Governors are pursuing the process ol liansforming Chrfsl's Hospital ol Absngdon Into a Charily Limlled by Guarantee ICLGI. Blake Morgan solicitor5 are preparing the relgvanl documentation lo present lo the Charity Comfflission. They are conductlng a revl8w ol what Ihe Charlty does and what land and propety it holds, advising on how the procgss ol Iranslormalion would take place. A slgnificani area ol work èmèrged around tho First Registration ol currently unregistered land and how to manage this in order lor it lo come undfrr the purview ol the new CLG. Governors dso embarkad on a period of rell8clion and analysSs ol the Charlly's areas ol operatS0n. Translormlng Inlo a CLG prèsents the Charlty wlth an opportunity to rèview ils scheme lo ensure it is meeting the need lor effeclivo and appropriata control. The resulting changes should provide security for trustees and a clear understanding for new trustees to quickly integrate in managing the Charity. It is hoped a schedule ol the proposed schome changes lor Governors lo consider and agree will be ready In the second quarter ot 2025. The Governors are now actively reviewing the sustainability ol the CharSty as a whole. A long term vlew is 10 ￿ formulatèd to build in rgsiliencg lo our many and diverse requirements Pag8 6

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 3.2 Grants The consequences ol the pandemi¢ aThJ cost ol living crisis continue lo be lar m￿8 complex than fiisl envisaged. Famllies and Schools are struggling with linancos, organlsallons are finding il difficult to recruil volunteers. Our young citizens are struggling with a complex sel ol issuès Ihat is of eonsid8rabl8 concern for their mantal health and lulure prospecls, especialty in our mosl deprived areas. Provlsion ol Mont￿ health and SEN support Cannot ¢ope wilh demand. We have a gtxjd relationship with our 13 state funded schools, the majority have had a personal vlsh lo discuss iheir Issues, and are encouraged to apply lor grants to asslsl wlth school activities, equipment. and sludenl support. 11 has become very appar8flt a growlng number ol studgnts ara vary rèsource intensive, we have been pleased lo help by sup5)tsrting schoo15 in rosolving very dilliculi silualons by providing professional support for the sludenls leaGhers and the family. The aim is lo ensure all students have access to an Èducation slruclurgd lo their ngeds, whilst reducing th8 impact on the $chool as a whole. W9 havg begn worf(ing closely with home school Ilal8onlsupport slaff. as w¢ll a$ County and Dislrlcl Councils, CAB and Heallh cara provld8rs. in rélieving hardship. The Charity continues lo provide help lo Individuals with Rellel In Need payments lor equipment andlor basic necessities such as cookers, washlng machines. fridge frèèzèrs, lurnilurè, carpels. Provisions lo inslilulions lend lo be more subslanlial and aro usually for equipmgnt lo help them function and provide life skills lor vulnerable peoplg. This year the charlty has Increa8ed fundlng lor vuln•rablè adults in traSnlng programs wilhln varlovs projects in Abingdtsn. Organisalions as various a5 Ihe, Be Free Young Garers. One Planet, Yellow Submarine, The Ablngdon Brldge, as well as a number ol youth sportlng clubs, havè all benelitgd from Christ'8 Hospilal ol Abingdon. We have pursugd our proa¢Jvo approach wllh some vlgour In encouraging schools, and organisalions wllh maklng gTanl appllcailons lo ensure they are aware ol the Charlly's capabilitiès and policla$. Ttt9 r8sponsg not only lo our ggnerosily bul also tha ability lo make where necessary swlft decisions have been universally applauded. The oralllude expressed whèn on a numbor ol occasions support has not been available from any other source r8lnlorces our standing within Ihg town. Numbers o19ranls and valuos can be found within Nole 6 01 th8 accounts. 3.3 Th• Est4t• The Governors aTè proud ol tha Charltlgs. ownership of s8Vgral fre8hold propertles in Abingdon that are ol considerable historic and heritage interest. They aro mindful ol the inalienable nature ol these properties and thèir duty to mainiain them. The most Importanl ol these properties are 8hown hare with Long Alley Almshous88 and Hall 1446 Grade I 8rick Alley Amshouses and outbuildings 1718 Grad61 Si Helen's Whart Almshouse 1884 Grad911 Sl Helen's Whart Ollice 1884 Grad811 Sl John's Almshouses 1801 Grade11 Tomkins Almshouses & Clock Tower 1733 Grado11 Twilty's Almshouses 1710 Grade11 Albert Monument (within Albert Park) 1865 Grad911 Conduit House circa 1500 Grad811 Albèrt Park Listed Victorian Park The Exchequer Room Ilorming part ol the Church ol Sl Helen, Abingdonl Associated with thes& propertl8s are lurnilure, Ilttlngs, hlslorlc artelacls and an exlenslve archSve housed In a climateoontroll8d building known as Ihg Dv8rsidge or Muniment room, which the Governors view as bolh historic and inalienable. Paga 7

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 3.4 Albert Park and Long Alley Garden. The Governors are committéd to mainlwning Albert Park for us8 by the people ol Abingdon. Challen98S remain regarding Glimale change along with ecokigical responsibilities and dealing with Ihe consaquences ol Honey Fungus. Ws continue lo replace trees in th@ Park which have died, or been subj￿1 lo vandallsm, wllh specles whlch arè mor8 resistant lo changing climatic conditions. We also maintain the mattJr8 Irè8$ in tho Park through a planned malnlenanc8 progiammè, ènsurlng d@ad branches are removed so as not lo pose a risk to Path user8 during stormy woalher. 4. ACHIEVEMENTS AND PERFORMANCE AND RECORD OF ACTIVITIES The Charity has again had a 8uccosslul year despilg tho Impact on soclely caused by th• many world conflicts and climate change as well as the financial challenges lo the UK. Incomè from r8nl and dividends has hèld up compared lo Ihe previous year, bul expenses have Increased signifKanily, du8 10 Incr8as8d18vels ol granl awards and increased expendllure on properly. The revaluatlon tsl properly has rgsulied in an iner8ase of £130,575. There was a very small movement on the Commèrcial prO￿rty duè to a decreased life ol lèase al Mullards Way and there was approxlmalely 2.5V. Incrèasè on tho loial ResldenlSal Properlles. It was leli that 11 was not necessary lo underlakg fundraising, as the Investment portfolio, and modèst contributions from r•sidtni8 towards malntenance. continue lo contrlbule slgnilicantly to the planned expenditure. The Qulnquennlal malnlenanctt prograrn lor Tornkln5, Twlttys, and Long Alley Almshouses has b¢on compleled along wllh th8 relurblshmènt ol nurnb8r 5 Tomkins. Aopair and cleanlng ol the 8taln6d-gla8s wlndows In Lon9 Alley Hall has returned them to Ihèlr former glory. This exercise although costly aeknowlgdged the governors, responslbillly lo the Hisiorleal buildlnus of Ablngdon, they were much adrnlred on Herllagl opèn day. Due to Ihg Increased rlsk to Inlernel security Gov$rnor5 have onga9gd a company lo malntain our sy¥lgms and 51renglhen reslslance agalnsl atlaek. A8 part ol our desire lo make the Charlty fall In Ilne wlth cllmalè obl8ctivgs Ihg dlosel Iraclor has now been replaced with an electric vehlcle. 4.1 Re8idonl• The residents continue lo have the benglil from an Almshouse Admlnislralor, who nol only acts as a good neighbour and lakes an inlere$l in their wgllare bul Is a saleiy coordlnalor lor all routino t¢sling ol alarms, walgr hygiene and minoi repaiT5. Residents bgnefil fvom regular visits. and gathering$ whfjn circumstsnces allow, or phonélèmail eontacl on a daily or weekly basis. depending on their needs. The Govornors arg sorry to r@port that twice in 2023 they voted to sel aside a residenl'5 Ilcense lo occupy their almshouse. Ona resid8nl1811 their almshouse as ioquesled in October 2023. In the other case the Charity commaneed the legal process lo gvict the resldenl and they finally left in IAay 2024. Page 8

CHRIST'S HosprrAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 4.2 Tho E$iaio Malntalnlng Heritage and En5urlng Saf8ty Thè Governor5 01 Ihg Charity are dedicated lo presetving the heiilage of our esteemed estate while managing the financial burden associated with maintaSning OL5r Ilsted buildings. This roport aims to outlin8 th8 measures taken to malntsln and Improvc the Charlty's assets, ensurin9 the well-being ol our residents and lullilllng our charitable obleclves and salaty obligations. A$$•i Mainienqnce and Enhancomonls Renovations and Relurblshments Thè policy ol Ihg Governors is lo ensure that each almshouse, as It falls vacant. 15 updated lo a high slandard ready lor reC￿CupatIOn. Notably, Five Tomkins has béen compl8taly ranovat8d allgr ￿enty. fv40 y8ars ol occupation. Additionally, Throo, and Fivg. Brick Alley, as well a5 Two Long Alley were deep cleaned 6 long alley was redecoraled and flooring rgplaced. Qulnquonnl•l Work Extensive qulnquennlal work was comploled durSng tho y9ar, including slgnilicanl repair8 al Tomkins, Twltty's. Sl John's, and Long Alley. Irnportanl repairs and adjuslmenls w8r8 also made to the 81alned glass wlndows al Long Alley, ensuring their longevlly and aesthetic value. Flood Managgment In S8pl6mbei, heavy rains Gaused Iloodlng at Long Alley, necessilaling emergency pumplng and sandbagglng. Contlnuous monliorlng ot rlvor 1ov•ls has bgan insliluted to help pravgnl such occurrences In the future. R•gular MASntenance Actlvltlol Scheduled maSnlenance acllvllies, such as legionella and water temperalurg lgsllng, boilgr $grvi¢lng and repalr8, emèrgency lighting, and portable appliance testing, wero carriod out throughout th8 year. Our thirty-two almshousgs and ollicès r9quir8 constant all8nlion lo minor laulls and accidgnlal damage. The permanent appoinlmgnl ol a Park Ke0￿rIHandYMan earlier Ihls year has signillcanlly irnproved tha tirnaly axecution ol minor rap*rs, ensuring our resldenls, safely and comfort. Flr• and Socurfty m￿sUrel Fire alarms were triggered wnulliple lirnes across different locations, often du8 lo cooking Incidents, resulllng In flre brlgade attendance in some ca$85. Additlonally, security sorvicos were ¢alled lo investigate pèrsonal alarm activations, which were eilher Med￿al emergenoies or accidental Irigggrs. Minlmal Issues were rÈportÈd with iNruder alarms, wtth only a18w false alarms. Concluslon and Future Outlook The Governors r&maln commltted to the careful slewardshlp of the Charlty's resources, gnsurlng the preservation ol our ass81s whilo priorilising the safgly and well-bging of our Tesidenls. Through diligonl maintenance alld slralegic imwovements, we strive to uphold the intègrity and h8ritag8 Df our èslal8. Looking forward. the Govemors will continue to focus on both preseNing the historical significance ol our eslale and enhancing living wndilions lor our residents. Wo wlll remain vlgilanl In our efforts to addrass any chall8ngas p¥omplly, onsuring that our gslale remains a sale, welcoming, and woll- mainlained environmgnl lor all. Page 9

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 S. HNANCIAL REVIEW Our Auditors agreed that a professional revaluation was not necessary unlll 2026 therefore the Governor in Chargg ol Proparty, Mr S J Meconnell conducted a rèvlew with their agreement lo as$95S th8 current value ol all Commerclal and R8SKlenlial Property and Ihg Land. This rgsultsd in an incr@ase in valu8 of £130,575 from the prevlous year. Profèssional valuations ol inv8slmenl prop8rti$s wlll lako place no less than evèry 3 years. In the intervening years the Governor in Charge ol Property, uslng his considerable knowledge and experienc8, will undertake a review ol v￿LIeS. From this revièw the Governors will decide if a formal, prolessiond valuation 18 then necessary. I transactions were deomed lo bo in the normal course ol buslness and Ihg Governors consider the Charity to be a 'golng conc8rn'. Carelul and ¢onservatSv8 forecasts and budgets for the next year arè prapar￿ by thè Cl¢rt( and Governors in Charge each November and reviewed at the December meeilng ol all Governors. The Charity's Governors (Trusleesl feel Ihal 11 Is as woll plaeod as it can be to mg91 significant relsjrbishment costs In the lulure. The nèt surplus for the yoar was £991,44812023.' surplus £364,367). 5.1 Inve$tm•nt polley The management ol the Charity's investment portfolio Is conduetsd by professional Investment managers under discretionary managernenl powers delegated by Ihe Governors, under broad guidellnes sel by th8 Governors. Thase guidellnes havo btsgn revlgwed during lh9 y9ar and currently requirg that Ihg managers proteel th& value ol the cap1tal and inGomg ol thg Gharily in real terms over the medlum term by seeklng a balancèd r8turn income and capital growth, avoiding 8leval8d rlsk. Al any onè lirne, tho porllolios may comprlse fixed ￿nterest and equity investments wllhin thesè ¢Tileria. Portfolio exposuro lo equilos is limited lo 900/4 ol the lolal fund value. In the avoidance ol high rtsk, the rnanaggrs arg Inslruclgd nol lo involv8 the Charity in derivalives Iradlng, underwriknng or oll. market Iransa¢ligns. Whero nocossary, thg allocallon ol Income and capllal Is apportloned according to lh9 tigures at th8 start ol the year. The Governors conllnue lo monllor administrativ• eosls and lees. The Governor8 are conlenl that they are continuing lo avoid high risks. The Ggvernors resgrve Ihg rlght to exclude companles thai carry out activities contrary lo thelr aims or from holding Invastm8nis whi¢h might damage tho Charlly'3 repulatlon. Thls policy is reviewed with Ihg inveslmonl company during thelr annual report lo the Governors, usually in tho May Govornors, mggllng. In order lo measurg our performance, we revlew the total tund return agalnst a ban¢hmark fund Telurn ol slmilar risk status. As r8portgd above a detailed rèport by the Investment managers is delivered in person lo a lull meellng ol the Gov8rnor5 at least annually. The entire area ramains under tha conllnuing scrutlny ol the Governors and the Governor responsiblè ltsr Finance in pursuit ol the risk control as outlined above. The portfolio on 31st D￿ember 2024 was £16,774,841 12023.. £15,626,8411. The Investm8nls mad8 a revaluation galn of £1,184,551 12023.. £860,386 gain). During 2017 tho Governors look the de¢ision lo sub4ivide the Main Fund into Gapil81 and Income goneraling sub-sections lo b&tter leverage the asset lo meet the ongoing costs. An agrg8m8nt was made by the Governors lo sgt up a separate Fixed Intergst Fund16.5MI to generate income lor grants, this will be sel up by Irwestec in January 2025 Page 10

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 5.2 Reserves Pollcy Christ's Hospilal has historically financed rts operations through income derived from ils endDwrngnt inveslm8nts. In recent years it has also rèceivod maintonance contributions from almshouse residents. Due to the limitad area ol benefit. Governors have dgcided it is not practicable lo seek donaliolls or ban8laclors tsn a signilieanl lav&l. 11 musl btr noted that the inslabilily in world markets as a result ol the war in Ukraino and Iho confli¢l in l$raol and the Occupiod Palestinian Territories has lad lo a significant rise in inflation. As such Governors realis8 endowment alone is insuffieiènl lo provide enough income. 11 has beGome n8c8ssary lo rnainlain a lev81 ol r8soThes lo tlnance fulurg operations in the long term. Thgy believe that total assals ol around £20 million ale required under currtnl condition8. 11 is therelorg the intention of Christ's Hospit￿ lo try lo maintain investment a88813 al this lavèl. The level wlll be Tgviewed as circumstances change. Total ILJnds hèld by thè Charlly at the y8ar-6nd sl¢xJd al £24,545,15912023.' £23,553.7111- The Charity's unr8slricl8d funds, 8xcluding designations and unrestricted lixad assats, stood al £9.730,018 12023.. £9,145,682) al the ye￿.8nd.11 the marf(el value ol listèd invaslmènls that arè held lo ggnerale incomè lo support th8 Charity's activities is excluded from th8 abov8 sum. th8 r8rnaining free reserves ar8 negaliv £11,14412023'. £339,857 positivel. Freo reserves are held lor the following reasons.. al There Is a sSgnilicanl cost to malntaining Llsled buildlngs ol which the charlty has 6ighl sèts Inolgd undgr 'gstates'l plus a Listed ViclorSan Park (Albert Parkl. Whll81 investment monlts are pul asid9 In rgslriclgd funds lor the upkeep ol the Almshouses and 8merg8ncy use. il Ss unknown whon an gmerggncy may occur and whglher11 will be covered by available deslgnalèd funds. Repairs lo agging Listed buildings arg increasSngly complex and costly. bl 11 Is anllcipaled Ihal th¢ Con$6rvall¢n ar¢a alroady in 9xis1gncg around Albert Park may be expanded. Thls may bring additional expgn$e and Ihg nged lor spoclallst conlraclors, expertise a5 th8 Charity strives lo manlain, lo a highgr ¥landard, Ihg ngwly deslgnaled dwelllngs which rt owns in the surrounding area, ol C¢nsld8ralions are lo be mad8 shortly ag lo the future ol cerlaln leasghold propfyrtles which rgvert lo Christ'8 Hospital control in 2037. Ther8 may be signiliranl inveslmgnl needgd lo bring them lo an acceptabl& modern 8tarKlard. dl thg charity like to have th9 capacity lo spend on grants ov&r and above tha budg&ted lev61, whilst still mainlalnlng th8 rallo for allocation ol expendllure r8quir8d by the Charity Scheme i.e. oxpgndilur8 on grants cannol curr8ritly ba grea19r than that on almshouses. Page11

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 6. FUNDS In addition lo the unrestricled funds, which represent accumulated income available lo the Govemors for such purposes a$ they may decide, the lund8 controlled by the Governors lall into a numbgr of classes.. 6.1 Perman8nt andowmanl fvnd$ Thesg funds represent ass&ts which are pemianenl Gapltal held by the Governors. The property wllhln these funds comprlses.. Freehold land and bulldlngs hèld lor the Charities, own use. Fr88hold land and buildings h8ld lor charilable purposes, InGluding almshouses and Albert Park Investments In Ilsled sè¢uriiles and rèal estate. Two further funds have been created by orders ol th8 Charlty Commlssioners made on 21 August and 13 08cember 1984 to recoup endowmgnl monies spent on the Albert Park service area and In conno¢lion with Mullard (Ablngdonl Housing Trust, respectivoly. 6.2 088lgnaled lund Exlrnordlnary Rgpalr Fund- Thls lund has been sel up by Ihts Governors In respons8 lo Ihg Almshouso Association's guidan¢o lo have a fund lor each group ol almshousas Ic provide lor Ihe co81 01 8xlraordlnary ropairs, Improvomonls or buildlng ol thè Charity's Almshouses. The deslgnalgd fund balancg at the ygar- gnd was £632,69212023.' £580,733) por Ntsio 14. 6.3 R•strlet•d fund$ Thesè lund5 represent Incomo and olhor assots whlch may b8 appll¢d only lor speclllgd purposes. These amount to £1,597,00912023.' £1,446,758) p¢r Notè 15. The Charlly of John Blaeknall Church branch Income payable lo the incumbent and ¢hur¢hwardens ol the Parlsh ol St Nlcolas applicable to iho malntenance ol the Church ol St Nlcolas, Abingdon. The Charlty ol Rlchard Wrlggl8SWOrth Edueatlon bran¢h Funds avallable to asslsl wllh the educatlon of Indlvidu21s U1￿¢r Ihg age 0125 by wsy of exhibltion, grant or towards preparlng them lor entry into a trade. Almshou¥e branches Funds lor Ihe provislon and malnt8nance ofalmshous8s and thelrresldents. Aellpl In Need branches Funds ar8 avai18ble lo support people in conditlons of need, hardshlp or dlslrass either IndAv￿Ua1IY or gen8r811y. Extraordlnary repalr funds Funds createdln response lo ordgrs of th8 Gharity Gonprnlssloners lo provldg for the cost ol extraordlnary repairs, inFprovements or bullding of the Charities'aln7shouses and oth8rproperty- Page12

CHRIST'S HOSPITAL OF ABINGDON REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7. PLANS FOR THE FUTURE

The Governors will continue to comply with the requirements of the Charity's Scheme to provide almshouse accommodation, relief in need, educational support and the provision and maintenance of Albert Park. The Governors remain committed to their policies of maintaining the Charity's assets and particularly the historic nature of many of the buildings. In refurbishing the almshouses to first-rate standards, consideration is being given to the increased expectations of potential residents. The Charity is committed to making positive improvements to the condition of Albert Park and the park's workstation building, much has already been achieved.

The Governors are committed to changing the status of the charity from an unincorporated association to a Company Limited by Guarantee The Charity has supported people in the area of benefit for 470 years and it is the Governors' firm intention that this should be continued for the foreseeable future. They are taking active measures to ensure that the relevant local people are aware of the help Christ's Hospital can offer and that the size of grants offered has increased where appropriate and justified. The Governors are committed to the objective of providing charitable support to residents of the town of Abingdon -on-Thames in Oxfordshire for an indefinite period. Fundamental to the achievement of this objective is the maintenance of an effective system of corporate governance. This is concerned with the direction and control of the organisation and, in particular, with the role of Governors and the need to ensure an effective framework of accountability and risk management.

This report was approved by the Governors on 3 April 2025 and signed on their behalf by:

Mr C E Birks - Master

Page 13

CHRIST'S HosprrAL OF ABINGDON STATEMEKf OF GOVERNORS RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2024 The Gov&rnoTs are responsible lor preparing Ihe Govemors, Report and tho Ilnanclal slalernenls in accordance with applicablo law and United Kingdom Generally Accopled Accounllng Practlce Iuniled KingdDrn Accounllng Slandardsl. The law applleablè tts charlUes Sn England and Wales requlres the Governors lo prepare flnanc5al slalements lor each flnonclal ygar whlch givè a trug and lair view ol th8 Slatè ol allairs ol the charlty and ol thè incoming resources and awllcatlon ol resources ol the charlty lor that perlod. In proparlng thèse 1Snan¢lal slalemonls, tho Govornors arg required lo.. 801oCt sullabl8 accountlng polk￿8 and then apply thgm conslslentty,. obsorvg th9 molhods and ￿1r￿￿)lOS in thg Charities SORP,. make judgments and gslimales Ihat are reasonable and pnjdent., slale whether applica￿• attounling slandards have been lollowgd. 8th4ect lo any material departuros dls¢losgd and explalned in the Ilnanci￿ statements; prepare the Ilnancial slalements on the going concern basis unless il 1$ inapprowlale lo wesume that the chwlly wlll conlinuo In t￿Siness. The Governors are responslblt lor kgeping adequate ac¢ounNng rocords that are gufliclènt lo show and explain the charlty's Iransacllons, dlsclose ￿1￿ reasonable a￿UraCY al any Ilmo thè financlal position ol thè charily and enable Ih8m 10 ensure that the financial statements comply wllh the Charilles Act 2011, the Charllles (Accoun18 and Reportsl Regulations 2008 and tho provlslons ol the Chority'$ conslilulion. They are also responslble lof safeguarding the as$els ol Ihe Charity and h8noe lor taking reasonable slops Ic*r the prevanllon and deltscllon of fraud and olhor Irrggularllles. Pag8 14

Crowe Crow•V.K. LLP thLrrteredAccountants Memberolcruwe Gbbal 2 B14gr)ve Stiett Readlng aerkshlre RGI IAi UK Tel [phone] 7222 F&¥ [phone] www.crowe.co.uk INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF CHRIST'S HOSPITAL OF ABINGDON Oplnlon We have audited th8 1Snan¢lal 8tatem8nls ol Christ's Hospilal ol Abingdon lor the y8ar end8d 31 Dècembèr 2024 whieh eompriso the Statèmént of Financial Activitiès, thè Balancè Shèol. thè Cash Flow Slalement and notes 19 Ihe Ilnancial slalgments, including a summary of signillcanl aocounling policias. Tha financial raporting Iramèwork that has bgen appll8d in Iheir prèparatitsn is aprAieablè law and Unlled Kingdom Accounting Standards, including Financial Roporling Standard 102 The Financial Fleporting Standard applicable In the UK and Republic ol Ireland (United Klngdorn Generalty Accepled Accounting Piacllcel. In our oplnlon th¢ linanGlal ¥tatem¢nls'. give a true and lalr view ol the slate ol the charlty's allalrs as al 31 December 2024 and ol Ils Incomlng resourc¢s and appll¢alion ol rgsourcgs, lor the year then ended., hav8 been proparly prepared Sn accordanc8 wlth United Klngdom Generally Accepted AccounlSng Pracllce; and havo b99n propar9d in aocordanco with Ihg r8quirem8nls of th8 Charitigs Act 2011. BA•1$ lor oplnlon We conducted our audit In accordance wllh Inlernallonal Standards on Audlilng IUKI IISA5 IUKII and spplicable law. Our re8ponsibilili8s under those standards are further described in the Auditor's resptsnslbllilles lor the aL¢dll ol the Ilnancial slalemenls secllon ol our report. We are independent ol the chwlly In accordanco with the 8thical requiremonls that are relevant lo our audit ol the financial statements in the UK, Including the FRC'S Elhlcal SlandarL1, and we have fu1fllSed our other elhlcal rgsponsibililiés in accordancg with Ihèso requirèm8nls. Wo bèlièvè that th8 audit 8videncè we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conclu¥lon¥ rolatlng lo golng ¢oncorn We have nothing lo rgport in rospe¢l ol thg followng mattgrs in rolalion lo whiGh Iho ISAS IUK} require us lo report lo you where.. In auditing the financial stalemgnts, we have concludgd that Ihg 13ovgrnors' use ol the going concern basls ol accounllng In the preparalSon of the fSnanclal stslements is approprlale. Based on the WO￿ we have performed, we have not identified any material uncertainties relating lo events or condllions Ihal, individually or collgcllv¢ly, may casl slgnlll¢ant doubl on the ¢harily's abilrty lo continue as a going concern lor a period ol al least Nvèlve months Irom whgn the linanclal statements are aulhorised fLif issue. Our responsibilities and the responslbllliles ol the governors wlth respect io golng co￿ern are described in the relevant sections ul Ihis report. UK. LLP ￿ a I￿￿111￿ WlwÉThlp ￿￿1￿1￿￿d In En￿￿￿ Jid wlm OC307Q43 Thé oliCO LS al $5 LLogÈlè Hll. LcrfKlri EC4M 7JVI. A IIGI(rf lh• LLP'8 mwnbqTS Is a¥alabbw al ro91slir•doMk•. Al an5d¥MGy war111￿ryI1S In tho Iirrn at• lh4 UKby PIR¢11￿ LLPar IL% ￿&r15￿g￿l￿￿yyjO1￿￿weSlobal￿£nyo￿¥rnP￿bEr0lfrry￿eLl￿. Page 15

Crowe INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF CHRIST'S HOSPITAL OF ABINGDON Other Inlormatlon The Governors aro rpsponsible lor the other Informallon. The other inlormalion comprises the Inlormatlon included in the annual report, oth81 than the finan¢ial slalomenls and our auditor's report thereon. Our opinion on the financlal statements doès nol cover Ihe other information and we do nol express any form ol a88urance conclusign Ihereon. Our r&sponsibillty Is to read the other Inlormalion and, in doing 80, consider whether Ihe other inlormalion is malorla11y Inconsistent with the linanclal slalem8nls or our knowledge obtained in the audit or olherwisg appears lo be materially misslaled. If we idanlily such malgrial inconsl8lencles or apparent rnalerial misslatem6nls, we are requlred lo d91ermine whether Ihls glves rise lo a matèrial misstatement in the financial slalemenls themsélvès. 11, basgd on the work we have pèrformed, we ¢onGludg that there Is a material misslalémenl ol Ihls other Inlormallon, we are requlred to report that la¢l. We have nothlng lo report In thi5 regard. Mattor¥ on whlch we arg requlred to r•port by 8xcèptlon In light ol the knowledge and undèrstanding ol the Charlty And Ihelr 8nvlronrnent obtained In the course ol the audll, wè have nol Idenllied malerlal misslalemenis In the Gov8rnors' rèport. We have nolhlng lo report In r?speGI ol Ihe following matters In relallon lo which the Charities act requlres us lo roport lo you il, In our oplnlon.. adaqLtale and prop$r accounllng records hav¢ nol btren kept., or th& linan¢ial slalemenls arg nol In agrogmenl wilh the accounllng records and returns., or certain d18closura$ ol Governors, remuneration specllled by law are not mado., or W8 have not rgGeSved all Ihe information and explanallon8 W8 requir9 lor our audlt. Responslblllll?• of Governors As gxplaln9d more lully in the Governors, responsibilitlès siatèm8nl sel out on page 13. the Governors are responsible lor Ihe preparatSon ol the financial slalemenls and lor being satisfied that Ihey glv8 a tru8 and lair vlew. and lor such internal control as the Governors determine 18 necessary lo gnablo Ihg pr&parallon ol flnancial slalements that ara free from materlal mlsslalemenl. whether due lo Iraud or error. In preparing th8 linancial slalemgnls, the Governors are responsible lor assassing the charlly's abiliiy to onlinue as a going concern, discloslng, as applicable. matters ralalgd lo going concern arKI using the going concern basis ol accounting unless the Governors either inlend lo liquidate tha charlty or lo cease opgralions. or havg no reallstlc afternatlve bul lo dtr so. Page 16

Crowe INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF CHRIST'S HOSPITAL OF ABINGDON Audllor'g respon3lblllllos the audlt ot lh8 flnanclal ¥latomont$ We have been appolnled as auditor under se¢tion 144 of thg Charllles Act 2011 and report in accordance with the Act and relevant regulations made Of having g11oct th&rourKler. Our objectives are to obtain reastsnablè assuranc8 about whalher the Ilnanclal slalemenls as a whole are free Irom malerial misslatemenl, whelhor due lo fraud or error, and to IS8ue an auditor's report that includes our opinion. Rgasonab18 assurance is a high levèl ol assurance, but is not a gU￿antee that an audit conducted In accordance with ISAS IUKI will always dolect a malerlal mlsstatgmonl when it exists. Jisstalernènls can arise from fraud or error and ara CDnsid8r8d malarial il. indlvidually or in the aggr8gate, they could reasonably be expected lo Influence the economic decisions of users taken on thè basis ol these financial staternants. Details ol the exl8nt lo whlch the audll was Gon$Sdered rapabla ol d&l8cling Irregularities, Including fraud and non-compliance with laws and regvlalion5, are 581 out below. A further de8cilpllon ol our responsibilltles lor the audlt of the linanclal slalèmenls Is located on the Financlal Reportlng Council's webslle al.. w Th1$ descripllon forms parl ol our audltor'8 reF)Ort. E¥tgnt to whl¢h lh• •udlt wa8 consld•r•d copabl• of dotectlng Irregulorltl•s, Includlng ITuud Irrogularlllgs, inGludlng fraud, are instances ol non-compliance with laws and regulailonÈ. Wè idèntilled and assess8d the risks ol malerlal mlsslalamenl ol the financial 81algmonls from irr9gularlt19s, whglher duo lo fraud or grror, and dlscussed these bètwoèn our audll team members. We then designod and pertormed audit procedures responsivg lo thos¢ risks, In¢ludlng oblalning audli evldence sulllclenl and appropriate lo prlivide a basls lor our opinion. We oblalned an ￿￿lerstandIng of the legal and regulatory fram¢work5 wlthin which th8 Charity operates, locuslng on those laws and regulatlons ihat have a direct gtlect on the delermlnatlon ol material amounts and disclosures in the financial slalemonls. Thg laws and rggulalions wa considered in Ihls eonlexl lor the ¢harlty W&Tg thè Charllles Acl 2011, together with the CharSlles SQRP IFRS10212019. We assessed th9 requirgd compliance wllh these laws and reoulalions as parl ol our audll proc8dur85 on Ihg rèlatèd linanelal slalements. In addition, wg considered provlsions ol other laws and r8gulallon8 that do not have a dlrecl 9ffecl on the financial slal8ments bul compliance with which mi9ht be fundamental lo the charity's ability to operate or lo avoid a material penalty. Wg also considered thè opportunllles and Incenllves that may exist wilhin the Charfty lor traud. The laws and regulations we considered in Ihls conloxl for the Charity were Charity Commission regulations, Gen8rd Data Protection Regulation IGOPRI and Health and Safely regulations. Auditing standards limit the required audit procgdures lo identify non-compliancè with thèse laws and regulations to enqulry ol Ihe Governors and oth•r management and inspection ol regulatory and legal correspondence, if any. We Idènlilled the greatest rlsk ol material Impacl on the linanGial statements from irTegularilies. Including fraud, to be within the overrlde ol controls by management. Our audlt procedures to respond lo these risks included anquirits ol vnanag8ment, and the Financg Govgynor about Ihoir own identification and assossmenl ol the risks ol irregularities, sample testing on the posting ol journals, revi8wing accounting astimat8s lor biases and reading minutes ol meetings ol those charged with govornancg. Page 17

Crowe

INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF CHRIST'S HOSPITAL OF ABINGDON

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charity's Governors, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's governors those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's governors as a body, for our audit work, for this report, or for the opinions we have formed.

Crowe U.K. LLP Statutory Auditor Reading

Date: 1 May 2025

Page 18

CHRIST'S HOSPITAL OF ABINGDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unre8trlcted Fund8 Regtrlcted Endowment Fundg Fund9 Total 2024 Total 2Q23 Ineomo #nd 6ndowrngnt8 from: Donation8 Investrnants CharltatAe actlvitles - c¢ntrlLMrtions from Alm$pè0￿o 4,100 64132 4,100 717.103 4,100 717.717 645,856 6.715 221.057 221,057 215,868 Other Total Income and •ndowm•nts Exp•ndltur• on: Ralslng funds Charltablo acllvfti•s Grants payabla Provlslon ol Alrnshouses Albort Park rnainlenanc 47,S2e 1359 142,150 198,035 191,756 466,090 402.569 18,241 59.922 484,331 462,491 532,777 420,954 Totsl •xpondltuM Nel galn$ll108sI on Inveslrnen18 1 gurpluslld•fl¢iil Translgrs between lunds 14 Not mov•m•nt In lund* 584,358 150,251 256,841 991,448 364,367 Total lunds broughl lorwArd Total lundo car￿•d lorword Thè notes on pages 22 10 38 loim part ol these linarKial statement5 Paga 19

CHRIST'S HOSPITAL OF ABINGDON BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Notes 2024 2023 FIXEO ASSETS Tangible assets Investment propertles Investments 35.195 7,113,575 16774841 41.486 6,983,QOO 23,923,611 22.650,327 CURRENT ASSETS: Deblors Cash al bank and in hand 10 183,890 70 132,512 887,668 1,130,559 LIABILITIES: Cfeditor8.' Amount8 lailing due within one year NET CURRENT ASSETS 903 TOTAL NET ASSETS THE FUNDS OF THE CHARrri: Unre8lrlct8d lunda Gèneral Designated 14 14 9,097.326 632 692 8,584,929 9,730,018 9, 145,662 Ro8trlcted funds 15 1,597,009 1,446,758 Endowm¢nt lund• 16 296129 TOTAL FUNDS 17 Approved and aulhorlsed lor issue by the Govgrnors on IILIIL and signed on their behalf by Mr C Birks- Mastèr &4U hlr K W Senior ovornor Thg notes on pages 22 10 38 form part ol theso linancid statements Page 20

CHRIST'S HOSPITAL OF ABINGDON CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Net cash used In operatlng acllvlllos (seè bèlow) 11,044,702) (926.624) Cash flows Irom Invostlng actlvllles Interest, dlvldends and rents from lrtvestm8nts Purchase ol plant and equipment Purchase ol lurnlture and equipment Proceeds from sal& of Investments Purchase of investments 717,103 717,777 {2,220) 14.007,690 (24,797) 4,626,583 Not M¥h provldod byl (u¥8d In) by Invgsilng •¢tivltlgs 770,802 {2,059) Chango In ¢A$h ond ¢a$h •qulvalonts In lh• yoar 1273,9001 (928,683) Cash and cash equlvalenl brought forward Cash and ¢ash oqulvolfjnlg coril•d lorward Net Income for the roportlng porlod {•$ por th¢ fjtatemont of Ilnanelal actlvltl•#l 991,448 364,367 Depreclallon charges Dividends, Inleresl and rents from Investmen18 (Gainllloss on Investments Ilncreaselldecrease in debtors Increasglldecreasel In credllorg 8,511 717,1031 {1,315,126) 151,37n 4.819 (717,717) (663,386) 14,988 Not cAJh usod In oporatlng acllviilos 11,044,702) (926,824) 2024 2023 Cash awaiting investment wlth Invgslmonl managers Cash in hand Notice deposits (less Ihan three mgnlhsl 86,880 504,638 66,511 537,547 Total cash and cash ￿ul¥alnt5 (Not• 18 & 19> Th notès on pagès 22 to 38 lorm part ol these financi￿ slalamenls Pagg 21

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AccouMnNG POLICIES Aeeountlng convenllon The accounts Ilinancial slalemenlsl have been prepared in accordance with tho Aceounlng and Reporting by Charities.. Slalemenl ol Recommended Praeti¢8 ISORPI in aceordancB wlth the Flnancial Reporting Slandaid appllcable In the UK and Républic ol Irèland IFRS1021 issued in October 2019 and the Financlal Reporting Standard aPpI￿abl8 in the Unilod Kingdom and Republic ol Ireland IFRS102I and the Charllles Act 201 t and UK Generally Accoplod Practice as 11 applies from 1 January 2019. Chrlsl's Hospital ol Abingdon meets th8 delinlllon ol a publlc b8n8fil entity under FRS102. Assets and liabilities are initially rocognised al hlslorlcal cost or Iransaclion valuo unlèss olherwisg slatgd in the rolevanl accounting policy nolel51. Christ's Hospllal ol Ablngdon is a charlty reglstorod in th8 UK Icharlty number 2051121 with Ils ragistered office al 4 Sl Helens Wharf, Wharf Road, Ablngdon, Oxlordshiro. OX14 SEN. bl Qolng Concern Tho Governors ¢onsld9r that there arg sulflcl8nl r8s&rv&s held ai the yea1.end lo rnanage any I￿e$eeable downturn in the UK and global economy. Thg Governors consider there are no maieriai uncgrlainlies relating lo going concarn and Gonllnue lo adopt the going concarn basis, meanin9 the Charity has adequate resoureès to contlnue its acllvilies lor al Igasl the twelve months from the slgnlng ol th9sft accounts. Income Dlvidends and rents are a¢¢ountod lor In the year to whlch thèy relat8. Legacles and voluntary Incom& ar0 accounted Icr In the year In whlch Ihay ar8 rgcglved. d) Expendlture Grants awarded by the Govèrnors ara racognls8d In tho slalemenl ol Ilnan¢lal aciiviile8 In ihe porlod that they are made le the extant that alggal or conslrucllve obligation exists. Almshou808 and Almspeople eosls are atcountod lor on an accruals basls In the year lo wfvich they rolalo. Pension c03ts charged in the SOFA rgpresenl conlrlbutlons payable by th9 oharlly in that year. Included within charilablg activities are governanc8 costs, whieh comprlsg the costs ol running the Charity, including slraleglc planning lor ils future developmgnl, also internal and external audit, any Iggal advic8 lor the Charty and all th¢ costs ol complylng wSlh constilulional and slatulory r8qulremenls. Support costs are allocated on the basls of tlm8 SP8nl115V. Grants Payable, 75Y. Provision ol Almshouses, and 1 OV. Albert Park Mainlonan¢el. Page 22

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES {COfrtnNUED) Granl maklng The charity's granl-making process is informed by the bost praGli¢es ol peer organisations, and the Charity Commlssion's guid81ines and recommendations. Grants payablg are payments made to Ihlrd par￿8$ the furtherance ol the charltable objects of the charity. In the cas8 ol an unconditional grant offgr (his is accrued once the ieciFi8nl has be8n nolilied ol the grant award. The nolillcallon glves the reclplenl a reasonable expeciaiion Ihal thèy will receiva tho ona-yèar or mulli-ygar grant. Grants awards that ar8 subjacl lo 18 r8CIPlgnl fulfilling pgrlorrnance condillons aré only accrued when the recipient has been nolilied ol the grant and any remaining unlullllled condltSon attachlng lo that grant is outside ol the control ol th& Trust. Fra8hold Itnd and bullding$ Freehold18nd and buildings hèld for Ihg Charity's use are included on the balance sheet al cosl. The buildings ar8 doprèciatèd ovèr 50 yaars on a straight line basis. The Charity owns ¢arlain Iix9d assets which are historic, inalienable and form parl ol the permanènt ondowment, Ihg rno18 lrnportanl of which ar9 listed in tho R9POrt ol the Qovernors. No r&lSable cost inlornalion is availabla lor th9$9 assgls and th91r heritage nature means conv8nllonal valLsallon procèdurès would b9 unreliab19. Thg Governors have no Snlenlion lo dlspose ol Ih8s8 assèts in thè forèsèèable lulur9. gl Oth•r t8nglbl• flxgd #$$ot$ Furnituro and èquipmgnl arg capltalls9d wh9n considered approprlale and depreciallon Is Calculat￿ to writg off the cost ov9r th8 gxpe¢led usglul Ilves ol the assets concerned. A de- mlnlmus Capitalisation limit ol t1,000 Is applied. The Idlowlng ralgs and baggs have been used.. Olllce lurnllure, Ilxtures and Ilttlng8 Office equipment Park equlpment 20Q/r Straight lin9 bas5$ 259/0 straight lin9 bas58 25Vo slralghl lina basis h) Flxed asset Inve8tment propertles Investment properties are Included in the balance sheet al lalr value. The Governors obtain an indep&ndenl V￿UatIon al least every three years. Reallsed gains and losses on invéstment propgrties arg included in the Statement ol Financlal ACtI￿t￿es. Flxgd a5￿t Invoslmgnt3 Re￿iSed gain8 and losses on investments are calculated as the dlfference belween sales prweedg and Ihoir opening carrying value or Ihelr purchase value If acquired subsequent lo the first day ol the linancial ygar. Unrealised gains and losses are calculated a8 the dlller8nce between the lair value al the year end and their caNying valuo. Realised gains and losses on inveslmenls are Includ8d In the Statement ol Financlal Acllvltles. Investment income is recognised in the financial ytslemenls on an accruals basis when Ihe oharity becomes legdly &nlidod lo it. Invesbnenl income not dlre¢lly attrlbutable to a speclflc fund is apportioned lo the various funds based Dn tholr tspenlng balanca position. Cash at bank and In hand Cash al bank and cash In hand Includes cash and short term highly liquid investmenls with a short malurily 013 months or less from the dal8 ol acqulsltlon or opening ol the deposit oi simllar account. Page 23

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES {cowllNUED) k) Debtor¥ Trade and other debtors are recognls8d al the selllement amount due aller any trade dlscounl offered. PTepaymenls are valuèd al thè amount prepaid nel ot any trade dlscounts due. Cr•dltor$ and Provlslon8 Creditors and provisions are recognised ￿ere the charlly has a present obligation resulling from a past event that will probably result in the Iransler ol funds to a third party and Ihe amount due lo settle the obligation can be measured or estlmaied rèliably. Creditors and provisions are normally recogni88d al thèir settlement amount aller allowing lor any Irade discounts du6. Flnanclal In8trument$ The chalily only has linanclal assets and flnanclal Ilabilillgs ol a kind that qualify as basl financial inslrumenls. Basic financial Instruments are Inliially r8cognised al transaction value and subsequently measured al their selllement value. Leasa8 In respect ol operating leases lor which the charlly Is the lèssor, the charlty classlliès the leasSng ol the investment properties as an operatSng lease. Tha rents received Irom invéslmènl propertles arè récogni5ed In the ISnancial stalemenls lor the pgriod they relate lo. In respect ol operatlng loases lor which the charlty 1$ lh6 lessee, rentals ar8 charged lo the Slalemenl ol Flnancial Aclivllles on a slraSght Ilne ba$1$ over lh¢ loas• lgrrn. Funds Unreslricled lunds Genèral unrostriclgd funds rgprg88nl lunds whl¢h aro exp8ndable al the dl8cr81ion ol the governors In furtherance ol the Ob￿0Cts ol the charlty. Designatgd funds Designalgd funds are amounts which hav9 been pul aside al the dlscraiion ol the Governors lor spacili¢ purposes. Such purpose$ arg within the overall alms ol the organlsalion. Restr￿ted Funds Reslrlcled funds are those which musl be applled In accordance with tha purpose specllled by the donor. ExpenditUTg f91aling lo thes8 pufpc*SeS is charged diroclly lo the lund. Endowm8nt Funds Endowmènt lunds consist ol inveslmonls. The purp059 to whlch Ihal Investment may bg awied Is reslrlcted in a¢¢ordance with the terms ol the endowmont Irusl. pl Crltlcal o¢¢ountlng judgements and k•y sourcos ol 9Stlmatlon uncertalnty Govèmors ara required to make judgements, OStirnat8s and assumptions about tho carrying valuè ol assets and liabilities that are not readily apparènt from olhor sources. The oslimales and undèrlying assumptions are based on hislDrical experf8nce and olhèf factors that are considèrèd to be ra￿Vant. Actual rosulls may diller from thasa 8slirnale8. The key sourc88 ol tstimalion unc9rtainty thal has a significant 8118cl on the amounts recognised In the Ilnanclal statements is in respect ol thè investment prop8rty valuation. The charity's Investment propertiés aro staled al their &slimaled lair value as disclosed in Note 8. Page 24

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME- DONATIONS Unr¢slrlctod Fund$ Raglricted Funds Total 2024 Total 2023 Albert Park ¢onlTibulion INCOME- INVESTMENTS Unr•strlct8d Funds R•strlet•d Endowmant Funds Funds Total 2024 Total 2023 Equily dlvSdend$ and interesl 8ank Interest Renis 318,334 64,532 6,715 389,581 396,259 44,469 44,469 30,372 TOTAL RESOURCES EXPENDED 2024 Dlrect Costs Staff D6proclatlon coJl• ¢o$l* Support C¢$t$' Total 2024 Total 2023 Co#t ol r4lslng lunds Invoslmonl managgrslges" Proporty costs 90,241 107794 90,241 86,921 124 875 198,035 191,796 198,035 Charftable acllvltl8a Grants Payable INole 61 Provislon ol Almshousos Ajberl Park maintenance 466,274 288,144 5,667 73,010 1,277 6,383 11,113 94,954 484.331 462,491 532,777 420,954 Total resources expended Support costs Includèd wlthln provlslon of Almghouge$ Audit Ollicg salaries Qllice Gosls Profassional faes Sundry 25,866 25.866 37,784 30.940 13.522 19,240 79,724 24,658 7,850 37,784 30,940 13,522 Support costs are allctaled on an estimat8 of Ilme sper¢l adminlsleilng th8 Almshouses. See Note Id lor dètails. Investsmenl management lees Include 5 quarters Ihls year (2023.. 4 quarters). Thls coNects a hlslor limlng difference. Pagg 25

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TOTAL RESOURCES EXPENDED {contlnued> 2023 Dir8ct Gosls Staff costs Depreciation cosis Supporl costs TDlal 2023 Total 2022 Cost olraising lunds Investment manag8rs fees Propgrty costs 66,921 124 875 66,921 69,621 191,796 191.796 359,S03 Charitable aclivits'es Grants Payable (Nolg 6) Provision of Almshouses Albert Park malnignance 516,794 275,006 11,958 98, 729 723 3,614 3,302 43,605 532, 777 420.954 319,362 281, 175 Support costs Includ8d within provislon oIAlmshou$es Audit Olfice salarl8s Offic8 costs Profess￿nal fe8S Sundry 19,240 19,240 79,724 24,658 7,850 21,682 84,857 21,329 79,724 24,658 7,850 Pagg 26

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS AND NUMBERS Staff cost3 were as lollows'.- 2024 2023 Salaries and wages Social securlty costs Pension contributions 132,352 12,987 118,113 6,043 No employ&&s earned In excèss ol £60,00012023- nong). The kèy management ￿rsonnel of the charlty comprisg the Govgrnors and Ihe Clark lo the Govarnors. The lolal gmployee benefits ol the key management personnal Ilncludlng amployers Nl and employers, pensionl of th& charity were £46,67312023.. £44,269). None ol the Governors recgived any remuneration in the current or preceding year, Durlng the year no {2023.. Non81 Governors were relmbursed expenses tor making purchases on behalf ol the Alm$houstrs, Th¢ average rnonlhly nurnber ol employees was a8 lollow8:_ No. No. Almshouses and Alm8people11 lull-tlmel Albort Park11 parl-1lm81 Managem•nt and adminislralion12 lull.lim8, I part.Ilm81 The ¢harliy Gonirlbulos lo the personal pension schemes lor certaln ol Its employees. Tha pension charge repr9sonls the amounts payablo by tho charity to the fund8 In resp6cl ol thè year, £Nil amounts were oulslanding al the year 8nd12023.' £NII). There were no redundancy payments made In the year f2023.' non•?. Page 27

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE (Dlrgct cost) Tol81 2024 Total 2023 Educatlonal Charilable payments for nll (2023.. 5) indlviduals Gharilable payments for 13 (2023.. 11) educational institutions 13,007 284,180 267,093 Rollgf Gharilable payments lor 28 {2023.' 31) Individuals Other social Inslllullons 22 (2023.. 27) insiilutions 28,624 31.092 170,535 236,876 John Blacknall Church branch TANGIBLE FIXED ASSETS Freehold land and Furnltur• & bulldlng$ èqulpment Total Cost Al 1 January 2024 Additions 74,480 49,180 123.660 Al 31 December 2024 Depreclatlon Al 1 January 2024 Charge lor the year 60, 180 21,994 82,174 Ai 310ecember 2024 Ngt book valu8$ Al 31 Dgoember 2024 At51 D8cemb8r2023 Pagg 28

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT PROPERTIES 2024 2023 Freehold land and bulldlng8 ValuatSon Al l January 2024 Ravaluation 6,983,000 7,180,000 197000 Al 31 Decgmbor 2024 All prop8rties were valued as al 31 December 2023 by professional valuer5 In accordance with the Appraisal and Valuation Manual issued by the Royal Inslilulion ol Chartered Surveyors on the basis that the properties are held lor investment purposes. A lormal valuation ol the investment propeilies is lo ￿ carri8d out every three years. In the years between formal valuation th8 Govornors will as8888 the value ol Ihe investment Pro￿rtY, Tothl Commerclal Resldentlal Freehold land Ilèasod until 20251 Frèehold land I18asÈd until 20371 2,095,000 3,303,575 495,000 The charlty earns rental In¢ome by leasing Ils propgrties 10 lenanis undgr non.Gancgllable operatlng leases. Leases in which subslanlially all risks and Tèwards ol ownershlp are retained by another party. the lessor, are classified as operating leases. Paymenls, including prepayments, made under operating lease3 Inel ol any incentives received from the lo$sorl ara charged lo tho income 8talem&nl on a straight-line basis ovei the period ol the lease. Al tho balance shoot dalo, Ihe charity had conlraclad with lenanl8 lo iecelve the followlng lulure minimum lease payments.. 2024 2023 NDI later than one year Later than one year and not later than live years Later than Ilve years 188,659 229,253 202,599 288.269 100 974 There are no contingent rents recognised as income. Page 29

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENTS 2024 2023 Market value at 1 January 2024 Additions Disposals Flevaluallon galns 15,559.329 14.003,965 13,951,771 5,321,562 114,007,690) (4,626,583) 860 386 Market value at 31 December 2024 Cash awaiting investment 18,687,961 15,559.330 Total AS at 31 Decernber 2024 'Hlstorlcal costs of invesltnenls al 31 Decembér 2024 The ygar-end mark81 value is made up as follows.. UK fixed Interest UK èquities Ovèrsèas fixed interest Overseas equilles Othar assgls Cash and accrued Interest 1,350,070 1,196,030 415,496 11.462,527 1,787.796 881,890 5,091,076 422,405 6, 727,469 1.501,446 10. DEBTORS 2024 2023 Trad6 dèblers Prepayments and acerued Sncom8 147,239 109,869 Page 30

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11. CREDITORS.. Amounts lalling du8 within one year 2024 2023 Trade creditors Accruals 38,358 227 762 58,407 12. FINANCIAL INSTRUMENTS 2024 2023 Basic tinancial assets Basic linancial liabilities 17,662,509 (266,120) 16, 758.400 (227, 175) Ba81c financial assgts are all investments {excluding Inv8slmenl pro￿rtIes1, debtors plus cash in hand mlnus prepayments. Bas￿ Ilnanelal Ilabllllles are all credllors lèss duè In188s than onè year plus crodllors due In morè than onè year mlnus laxallon payabla. The enllly's Income, expense, g￿n8 and 108888 In respect ol linanclal Instruments are Summarised below.. 2024 2023 Total divld8nd and inièfa5t in¢om¢ lor basic financlal assets Total gainslllossésl in respect ol basic financial assets 434,050 1,184,551 426,631 860,386 13. RELATED PARTIES One Governor Imr K W Senlorl Is Iruslee8 al the Albert Memorial TnJ81 IAbingdonl Charity IR8gislered Charity no. 10762741 lo whom the Charity pald £1000 12023., £1,000) and whom granted £716 12023.. £6091 durlng the year lo cover the Insurance costs ol the memorlal In Albèrt Park. Abingdon. SIX Governors (Cllr Mrs G Barody, Cllr Mr T Greenaway, Cllr Sanderson, Cllr O Forder, Mayor Cllr Dr G L8wis OBE and Cllr Jghanlil are fnernb8rs of the Abingdon Town Council which granted the Charity £500 12023.. £4.1001 during thè year towards a town ctsuneil mèal for Christmas. Two Governors (Mr L King and Cllr Mrs G 8arodyl ar8 Truste@ ol The Ablngdon Brldg8 IR8glstered Charlly no. 11600801 which ollers young people advicg and counselling. During the ygar th¢ Ghafity granled £44,36012023: £45.4391 towards supporting Ihelr sorylcos lo the peoplo of Ablngdon. Two Governors (Mrs A Saunders and Mayor Gllr Dr G Lewls OBEI have links lo Sl Edmunds School to whom which the charity pald £74,90512023'. £32,260) durlng the year lo support varsous activllies. One Governor (Mrs G LewSsl has Ilnks to Sl Nicholas Church lo whom whlch the charlty £11,559 durlng tho yoar to support varlous aCt￿￿tIes. Page 31

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13. RELATED PARnES Icontlnuedl One Govemor (Rev Dr E C Miller - Left Ocl 20241 is a llustee ol Sl Nicholas School lo whom whiGh the charity paid £18,104 durlng the year lo support various actbvllies. One Governor (Mr K W Senior) is Governor al Abingdon School to whom whlch thè eharity paid £1,000 during the year12023= £nill lo support thg provision ol Robocon laptops. A close family member ol one ol the governors (Mr S Workrnanl is ernployed by Dunmore Sch(Jol to whom which the charity pald £1,700 during the year to support various acllvities and school Irlps. UNRESTRICTED FUNOS All January 2024 At31 Deeember 2024 Incomlng Rgsources rasources exp8nded Gains Transfers De¥lgnalgd lund$ exlra¢rdlnary repair fund 660, 739 13.557 855 13,1401 45,671 15,871 832,692 Extroordlnary Repalr Fund This fund has been set up by the Governors In response ol th8 Almshouse Assoclalion'8 guldance lo have a fund lor each Almshouse lo wovidè lor the cost of extraordlngiy rapalr$, Improvgmgnls or building ol tho charlt5es' Alrnshouses. Property Capii#l Fund A temporary endowment fund was created, pursuant lo an order ol the Charity Commissiongrs sealèd on 16 OGlober 1972, in respect ol th8 property known as South Ablngdon Community Centre. This property was sold during the year ended 31 December 2000 and thè proc8eds wer9 used lo op8n a Propgrty Capital Fund whlch has now be8n Iranslèrred Its general lunds. Tran•lor3 The Iransl#r from General Fund to Extraordinary Ropair Fund Is made In accordance wllh th recomme￿all￿nS ol the Almshouse Asswialion. The charlty has transferred In excess ¢1 the mlnSmum required and varies depgnding on the Governors best estlmale ol the stale and costs r8quir8d for that sel ol Almshouses. Transler IrDm the Property Capllal Fund lo General fund 15 in ordgr lo rplpasg thls deslgnaled fund which Is d88med no longer required by the Govèmors. The transter Irom G8n8ial Funds lo thè Endowment Rocoupment Funds is in accordance wllh the Recoupment Orders. Pagg 92

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15. RESTRICTED FUNDS All January 2024 A131 December 2024 Incoming Resources resources expended Gains/ IL05sesl Transfers Albert Park grant Fleldlng Alms Hou$e L¢g•cy Condult Hous• R•$toratlon Grant 4,100 50,000 14,1001 150,0001 4,100 14,1001 John Blacknall GhurGh branch R81iel in ne8d branch 12, 162 111,5591 15811 1,704 1,726 479,127 30,498 121,9541 40,243 20,572 548,486 Rlchard Wrlgg19$WOrth Rellgf in need branch 114, 195 5.958 18,2761 9,496 4,517 125,890 157, 736 8,220 18,5341 13,249 6,032 176,702 Ablngdon Alm$housg Almshouse branch 264,156 9,409 15,3481 22,577 Extraordlnary repair 230,367 5,627 11,3041 18,958 Rgliel In n90d bran¢h aao2) JLZZ) alL41 7,697 6,341 298,491 259,989 425, 778 14,727 116,9291 25,761 13,070 472,407 Tomklns Alm•houso Almshouse branch Extraordinary rapair 157,002 5,394 125,7411 14,670 8,925 155.250 293,963 8,368 26,4301 24,691 8,844 309,436 Twllly'$ Alm$hou$o Almshouse branch Exlraordlnary repair L9gacy (52,692) Y41,974 17571 3,454 113,6241 18001 14,1331 11,631 (71.2221 160.214 3,955 Total r•strletad lund8 Almjhouso br•nch•* Funds lor the provislon and maintenanc8 ol dmshous8s and their r8sKlenls. Rellel In Need branches Funds availabl8 lo suw)ort P8opIg in condiions ol nggd, hardship or dislr8ss either individually or generally. ExtrJordinary r•p•lr fund Funds created in rèsponse lo orders of th8 Charity Commissioners to provid8 lor the cost of extraordinary repairs, ir￿)rOvementS or building ol ihe charities, almshouses and other properly. Page 33

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15. RESTRICTED FUNDS (Continued) The Charity ol John Blacknall- church branch Income payable to th8 In¢umbenl and Churchwardens ol the Parish ol Sl Nicolas applicable lo the ainlenance ot Ihe Church ol Sl Nicolas. Abingdon. The Charlty ol Rlchard Wrlgglesworth Education Branch Funds available lo assisl with the Education ol individuals under Ihe age ot 25 by way of exhlbllion, grant or towards preparinu them lor entry into a tradg. Transfgrs The Iranslers lo John Blacknall Church Branch and the Richard Wigglesworth Education Fund ar& made to meet the requirémgnts ol Ihe Scheme of that Charity. Translors from Amshouse funds to Extraordinary Repair Funds ar& mad8 in accordancè wllh the recornmendalions ol the Almshouse A8soci&llon. The charity has Iranslerrèd in $xcess ol the mlnimum r8quir8d and varles d6pènding on tha Govarnors b9s1 gslimale of the slate and cosls required lor that s&1 of Almshouses, Page 34

CHRIST'S HOSPITAL OF ABINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16. ENDOWMENT FUNDS All January I￿Oming Resource8 2024 r8sourc8S expended At31 December 2024 Gainsl (Losses) Transfers Chrlst's Ho$pltal Permanent Capital raeoupmgnl Order A Order B 11,547,585 1108,4421 381,210 1113.1471 11,707,206 195. 711 4,827 14,6261 16,263 2,541 985 214,716 11,819, 726 6,715 1114,8771 403,832 {109,621 I 12,005,775 John Blaeknkll Permanenl 744, 136 117,7791 62,501 1,423 790,281 Rlchard Wlggl•sworlh Permanent General Educatlon 125.929 48,055 13,0091 11,1001 10,577 3,868 241 133.738 171,982 14,1091 14,445 328 182,646 Ablngdon Almghou80 Peimanènl Almshouse bran¢h R8li81 In nèèd branch 108,593 12.5941 9,121 208 115,328 164,949 13,9401 13,854 316 175,179 Tomkln• Alm$hou•e Perman&nl Triltty's Almshou8 Permanent 18 Capital B￿0Upment Funds were 501 up in accordance with Iho Gharily Commission Aecoupmenl ordars August 1984 and Dec8rnber 1984 to recoup the permanent endowment. The other Funds arg pgrmanenl Endowment funds held In accordance wlth the iesliiclion and used lo general8 reslrlcled funds lor the charlty. Transfers Capital Recoupment Order 'A' sealed on the 13th Decembèr 1984 in the sum of £215,000 for 'land and buildings,, repayThenl being £1,039.46 per annum lor 53 years from ihe date ol the Ordgr. Capital Rectsupmént Order 'B' sèalad on Iho 21st August 1984 in thg sum of £65,000 for 'provision ol a service area in Albert Park,. repayment being £0.550/. per &nnum ol the sum expended lor 50 ygars from tha dal8 ol th8 Ordar. For both Orders the Governors shdl permit the dividends accrulng to be Invested Ihereon by way ol accumulation until ￿e1ve months arter the last payment. Pagè 35

CHRIST'S HOSPITAL OF ABINGDON . NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 17. ALLOCATION OF NET ASSETS BETWEEN FUNDS 2024 Tangible Fixed assets Investrnent Investments properli8s Nel current assets Total Endowed Reslricled Unreslricled 22,195 7,113,575 6,082,362 1,597,009 13.218.132 1.597,009 9 730 018 621548 2023 Tangible Flxedassets Invaslmenl Investments propertl8S Nel eurr8nl asser$ rotal Endowcd Reslricled Unrè$irl¢led 25,886 6,983,000 5.949,6Y I 1,446, 758 12,958,497 1,446,758 18. RECONCILIATION OF NET CASH FLOW TO NET FUNDS 2024 2023 IDacr9a$gllincr9ase in cash during the year Change In nel lund$ Nèt funds a11 Janu*y 2024 Nel lunds al 31 Oecembor 2024 19. ANALYSIS OF NET FUNDS Nel funds at Cash change Net funds at 31 December 2024 January 2024 Cash at bank and in hand Cash awaiting investment Cash deposits 537,347 66,511 46 132,7091 20,369 504.638 86.880 Page 36

CHRIST'S HOSPITAL OF ABINGDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 20. OPEAATING LEASE COMMrrMENrs Al 31 December 2020 the Charity has lulure minimum1oa8o payments under non-cancellable operating leases as follows.. 2024 2023 Equlpment Not later than one year Later than ong year and not later than live years 2,163 2.163 21. CAPITAL COMMITMENTS Al 31 Docember 2024 the Charlty had no capilai commitmonls 12023 £Nill and no charllable commllmenls12023 - £NS11. POST BALANCE SHEET EVENTS Thara arg no mall8r$ ol a rnalgrlal nalurg lo rgport in th8 post balanc8 sh881 p8riod. Page 37

CHRIST'S HOSPITAL OF ABINGDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 23. STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVES BY FUND TYPE Unrestrictod Funds gstrkted Funds Fr￿0￿¥M￿lI1 Funds Total 2023 Income and endowments from.. Donations Invtsstments CharitAbl8 actiwiti•s - conlribulions Irom Almsp¢ople 4, 100 44,827 4, 100 717.717 868,897 4.453 144.374 75,494 219,868 Other 371 Total income and endowments Expenditure on.. Raising lunds Charitable acbvlties - Grants payable Provlsion olAlmshouses - Albert Park maintenance 25,83Q 4,295 161,671 191,796 514,038 243,722 18.739 177,232 532,777 420,954 Total &xp8ndtur8 N¢tgain$/(loss) ¢n lftvostmoni$ Alor su￿1V$/{de￿'eItj Translers b8lw•an lunds N81 movem￿1 in funds 195.068 141,045) 210,346 364,367 Toi41 funds brought lory/wd Total funds Carr￿ forward Pagg 38