Report of the Trustees and Unaudited FinanGial Statements for the Year Ended 31 December 23 For The Oxford Mission 100 St. Paul's Road Peterborough PE1 3DP The Oxford MIs8ion Report of the Trustees For the Year Ended 310ecember 2023 The Trustees present their report with the financial statements of the Chanty for the year ended 31 December 2023. These accounts have been prepared on a receipts and payments basis in accordance with the Charity Commission's guides CC15 (Charity Reporting) and CC16 (Receipts and Payments acMunts pack). As the gross income (excluding receipts from sales of investments) does not exceed £25,000 for the year, the Charity is not required to have an audit or independent examination of the accounts. OBJECTIVES AND ACTIVITIES Public Benèflt The Trustees have had regard to the Charity Commission guidan￿ on public benefit and consider that th8 Objects of the Charity are consistent with the provision of public benefil. Grant maklng The Charity has c8a88d to make annual grants to our partner organisations in India and Bangladesh and seeks to transfer all remaining funds to them as soon as that can be arranged. ACHIEVEMENT AND PERFORMANCE Charltable a¢tlvltl•8 While it Gonlinues in operation the Charity continues to support Christian Missionary work in India and Banglad8sh in particular the Oxford Mission establishments in Behala, India and in Barisal and Jobarpar in Banglad68h,' but also through our subsidiary charities the work of the wider Church in North India and Bangladèsh. FINANCIAL REVIEW There was a net decrease in nel assets over the year of £286,659 {2022 - £302,943) which in¢lud8d the transfer of the major part of the funds to our partners. Inv88tment pollcy and objectlvos The investments held as part of the unrestricted funds were required to help finance our grants to our partner organisations. However the Trustees are continuing their efforts to wind up their work in the United Kingdom and at the date of this report nearty all the investments havè been realised and the funds transferred. Reserves pollcy 11 is still the intenlion to reduce the reseprfes to zero as soon as practicable. FUTURE PLANS The Trustees have approached Ihe Uniled Society for Partnership in the Gospel {USPG) who have agreed to maintain oversight of our partners organisations and retain contact with our remaining supporters for the foreseeable future. The Oxford Misslon Report of the Trustees (continued) For the Year Ended 31 Decem￿r 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by its goveming document which is a deed of trust. and it is constituted as an unincorporated charity. Management is vested in the General Committee, bul for many years now all the Trustees have also been members of the General Committee. Organlsational structure The Oxford Mission administers three Subsidiary charities which a￿ included in these accounts and are shown a8 restricted funds (see the notes lo Ihe accounts). Two of these charities were leminated during the year and the third has been terniinated subsequently. RIAk management The Trustees regularly review Ihe main risks facing the work of the Charity and have concluded that adequate mitigation measures are in place consistent with th8ir future plans. REFERENCE AND ADMINISTRATIVE DETAILS Regi8t8red Charlty number 211618 Prlncipal addre88 100 Sl Paul's Road. New England, Petert)orough, PE13DP Trustaes Bishop Bill Down {President- resigned Septemb6r 2024) Simon Ling (Chairman) Giles Thorman {Vice Chairman) Rob8rt Mathieson (Treasurer) Pamela Walton Freda Davis Margaret How General Socretary Dipti Pender Approved by the Board of Twslees on 7 March 2025 and signed on its behalf by.. Simon J. £tng Simon J. Ling (Chairman) Oxlord M15$1on Rec¢lpts and Payments Accounts for the ￿ar to 31st December 2023 Not•s Total 2023 Total 2022 Receipts Unrestrlcted Restricted Operating receipt5'. Collertions and donatlons Investment income Interest Legacies Income tax recovery 5,243 6.321 932 1,090 1.020 2,846 179 6,263 9.167 i.iii 1,09) 7,377 35,786 62 433 5,737 49,395 13,586 4,044 17,630 Other receipts.. Investment sales 290,137 290,137 343,437 Total recelpts 303.723 4,044 307.768 392,832 Payment5 Grants made to oversea5 partner5 Support costs.. Magazlne Travellin8 expenses Commlttee meetlngs Staff costs Office costs A¢¢ountlng Bank charges 2SO,(KIO 44,700 294,7(M) 395,Ll 2,257 36 17.395 9,970 11,2411 3,036 ILX) 9,970 200 3,036 150 1,441 180 125 50 rotal p•ym•nts 46,191 308,056 414,993 Net Increasellde¢rea$el In funds 41,859 142,1471 12881 122.1611 Bank balances at 1st January 8,751 63,184 71,935 94,096 Bank balances at 31st December 50,610 £ 21,037 £ 71,647 £ 71,935 Oxford Misslon Statement of assets at 31st December Note 2023 2022 Investments lat market value) Unrestricted fund M&G Equities Inve5trnent Fund for Charltles 21.097 units Royal Bank of Scotland 989 shafes US mineral rights Restrirted fund5 Anglo•lndlan khools Fund Central Board of Finance of thè Church of England Investment Fund 1,534.12 shares M&G Equlties Investment Fund for Charities 2,5CQ unit5 286.944 2,623 2.170 34,679 34,758 31.673 36,738 71.607 £ 357,978 Bank balanees Main account- ynre5tricted Main account- earmarked funds East Bengal Bishoprie Fund Kushtia Diocesan Fund Anglo-lndian Schools Fund 50.610 4,644 8,751 3,624 22.149 24,CM)4 13,407 16.393 71,647 £ 71,935 Totsl net assets 143,254 £ 429,913 The notes on the followinB pa8e form part gf these actounts. For and on behalf of the TnJstee5 Simon J. £in9 Simon l. Lin8- Trustee and Chaimian R A Mathieson- Trustee and Hon. Treasurer 7th March 2025 Oxford MIMlon Accounting poli¢les These accounts have been prepared on a receipts and payments basis in actordance with the Charity Commission's guides CC15 Icharity Reporting) and CC16 (Receipts and Payments acco¢Jnts pack) The quoted Investments have been valued at the market valve at the balance sheet date. The Investments held lor the East Bengal Bishopric Fund and the Kushtia Diocesan Trust were realised during the previous vear and the proceeds were transfefred to the Church of Bangladesh to be Invested under the terms of a Memorandum of Understanding for use in accordance with the ori8inal Deed5 of Trust. The US mineral rights were revalued by the Trustees at nil durin8 2021,. while efforts are belng made to flnd a buyer the potentlal value, If any, is unknown. There were no remuneration or other benefits for Trustees for the years ended 31 December 2022 or 2023. Expenses of travel were re-imbursed to one Trustee in the sum of £2,257 in the year ended 31 December 202212023 - NIII. Grant5 were made durln8 the year as follows.. From the main account to Oxtord Mission 8ehala. Kolkata From the main account to Oxford Mission 8an8ladesh From the Kushtla account to the Chuich of Bangladesh From the East Bengal Bishoprlc account to the Church of 8an8lade5h 2023 90,0 I60,￿1 2022 53.5C 41,5CQ 140,CKXI 160,IXQ £ 250.Q)O £ 395,CXM) There was one employee (the General Secretaryl throughout 2022 and 2023. The oblectlve5 of the restrlrted funds are as follows.. East Bengal Bishopric Fund - support of the Chyrch of Bangladesh In the Dlocese of Dhaka. KushtSa Endowment Trust- support of the Church of Bangladesh in the Dlocese of Kushtla. Anglo Indlan Schools Fund - sUPPOrt for the educotion of Anglo-lndlans particularfy those In tralnlng for the ordalned minlstry. Earmarked funds- donatlons glven for specific aspert5 of thè work olthe Charlty.