Charity registration number 216829 (England and Wales)
THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
LEGAL AND ADMINISTRATIVE INFORMATION
Co-opted Trustees:
Mr C R Mason Ichairman)
MrT R Brown
Mr S Hatton
Mr P Beddoes
Mrs K Skudra
Mrsj Marshall
Mrs A White
Mr T Morris
Dr N Sharma
Mrs B Burton
Nominated Trustees
Cllr P Wightman
Cllr J Sinott
Ex-officio Trustee
Mayor of Town of Warwick-
Cllr O Jacques Iresigned May 20241 and Cllr D Skinner (appointed May 2024
and resigned May 20251 and Cllrj D'Arcy (appointed May 20251
Charity number
216829
Principal addres5
CIO Moore & Tibbits
34 High St￿et
Warwick
Warwickshire
CV34 4BE
Clerk to the Charity
Mrj B Williams
Auditors
Burgis & Bullock
23-25 Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
Bankers
Lloyds TSB Bank plc
10-12 Swan Street
Warwick
CV34 4BT
Solicitors
Moore & Tibbits
34 High Street
Warwick
CV34 4BE

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
LEGAL AND ADMINISTRATIVE INFORMATION
Investment Advisors
Quilter Cheviot
Provincial House
37 New Walk
Leicester
LEI 6TU
CCLA Fund Managers Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
CONTENTS
Page
Trustees, report
Independent auditor's report
10-13
Statement of financial activities
14-17
Balance sheet
18
Statement of cash flows
19
Notes to the financial statements
20-37

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I
to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and
"Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) (effettive l January 2019}"
Objectives and activities
The principal objects of the Charity are firstly the provision and maintenance of Almshouses for residents
who are poor persons who lexcept special cases to be approved by the Charity Commission) are either
residents or former residents of the Town of Warwick or who have a long standing association with the
town and secondly relieving either generally or individually persons resident in the Town of WaNick who
are in conditions of need, hardship or distress.
The Charity has a wholly owned charitable subsidiary company, Oken Eyffler Limited which was
incorpordted on 12th April 2013 under Registration No. 08485568. This company wa5 formed to pursue
the development of investment land with the intention that any profits therefrom can be gifted to the
Charity to enable it to pursue its charitable objectives and the company entered into a Deed of Covenant
to that effect in November 2020.
Public benefit
The trustees are satisfied that the Charity's aims are charitable, and that its activities are consistent with
those aims. The trustees have referred to the guidance contained in the Charity Commission's general and
supplementary guidance on public benefit in their decision making throughout the year.
The trustees are satisfied that the opportunity members of the public have to benefit from the Charity's
activities is not unreasonably restricted. As well as providing benefit in terms of social housing needs, the
Charity's grant making activities also benefit those in need both in the short and longer term by directing
grants towards sustainable projects.
5trurture, governance and management
The full name of the Charity is The Charity of Thomas Oken and Nicholas Eyffler" constituted originally
pursuant to a Deed of Settlement by Thomas Oken made in 1571 and now governed by a Charity
Commission of England and Wales Scheme sealed on 18 July 1988, as amended by {11 a scheme dated 9
Ottober 1990, (21 a resolution of the Trustees dated 24 November 2016 and131 resolutions of the Trustees
dated 28 January 2021.
The Governing Instruments contain specific provision and restrictions on the application of the income
and of the management of the properties and funds of the Charity. The Charity have also adopted a
comprehensive set of policies and procedures to assist with governance and management.
The Governing instruments determine that the Trustees Board shall be made up as follows".

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Ex-officio Trustee
The Ex-officio Trustee shall be the Mayor for the time being of the Town of Warwick.
2 Nominated Trustees
The Nominated Trustees shall be persons who through residence, occupation or employment or otherwise
have special knowledge of Warwick, and shall be appointed by the Town Council of Warwick.
10 Co-o
ted Trustees
The Co-opted Trustees are persons who through residence, occupation. employment or otherwise have
special knowledge of the Town of Warwick.
The Trustees met on four occasions during the year to receive reports on the funding of the Charity and
allocation of accommodation to suitable applicants, and for general management of Charity assets. In
addition, there were several meetings of Sub-committees appointed by the Trustees to deal with specific
matters concerning the Charity and to report back with recommendations to the Trustees.
The induction process for a new Trustee is as follows:
The Chairman will meet the new Trustees to explain all aspects of the Charity and to provide all
relevant information regarding it.
The Clerk to the Trustees will wrrte to the new Trustee with a copy of the scheme governing the
charity and a copy of the last set of accounts.
The Chairman and the Clerk to the Trustees will also provide all assistance and information
necessary forthe new Trustee to become familiar with the workings of the Charity.
Declaratlon as Trustee
No person is entitled to act as a Trustee whether on a first or on any subsequent entry into office until
signing a declaration of acceptance and willingness to act in the Trusts of the scheme.
Achievements and performance
The Charity has had a successful year again, with results very close to the annual budget forecast. No gift
aid was ￿ceiVed during 2024, in line with expectations, but the Charity achieved the forecasted
investment income and Almshouse income enabling it to continue to fund successful existing grant
projects and to commence some exciting, new partner projects.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
The Charity has twelve Almshouses at Castle Hill and Guild Cottages in Warwick. The costs of providing this
accommodation are financed by investment income, rent from Oken's House and residents, monthly
contributions. The Trustees continued their policy of maintaining these properties in good repair and
providing accommodation at affordable cost. The windows at the front of Guild Cottages were replaced in
summer 2020 and the rear windows We￿ completed in summer 2021. The refurbishment of bathrooms
and kitchens started in Summer 2022 and was completed in Spring 2023. The quinquennial survey of all
the Almshouses took place in March 2022 and a five-year maintenance plan was submitted which will be
used by the Almshouse Committee for annual budgeting. This has resulted in significantly lower
expenditure on the Almshouses this year with just routine maintenance required. The frve year rent
review took place in April 2023 and the recommended increases took effect from January 2024.
During the year the Trustees reviewed and updated, as necessary, all the existing Policies and Procedures.
Grant making
We are still not seeing a redurtion in the numbers of "people in need" in the town of Warwick. As a result
in 2024, the charity awarded the highest value of grants in the Charity's long history. All of these grants
were for three year5 {5ubject to performance) and with inflation will be worth just over £1 million over this
period. The Charity could not have done this without the sale of land for development in 2018, this land
having been purchased in 1773.
Many of our projects are now in their mid-run phase, subject to the usual six monthly review process. The
mental health project. GAMME {Groups. Active Monitoring and Mentoring) focused on children and young
people was agreed with MIND and launched in July 2023. The three year Family Wellbeing programme
with the Parenting Project Charity supporting young families continues until August 2026. The Citizens
Advice Reach Out at Home project, focusing on financial problems, a major cause of distress. has been a
great success and continues until January 2026 and the Homestart Charity grant, providing support to
parents from pre natal to 5 years old, also continues until May 2026.
The one year trial of prescribing nurses supporting Hospice at Home by Myton Hospice commenced in
May 2023 continues to experience some problems with a lack of referrals from the local NHS Hospital.
Senior executives of the hospital and the hospice are working with the Trustees on a solution and the
project 15 under regular review.
A new three year grant was awarded to the 5afeline Charity, which will provide support to young people in
Warwick suffering under sexual violence. The first six months of the project have been very encouraging.
A new three year project was commenced in October 2024 with Warwick - A Singing Town, to provide all
Warwick residents with acce55 to singing and choral opportunities to promote better mental health and
wellbeing. The Charity also continue to fund a three year grant for a musician/singer to play at least three
days a week at a local Care Home.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Warwickshire College Group Bursary programme also continues until August 2026. The prlncipal
change was to reduce the Qualifying age from 18 to 16 which has led to an uptake in applications. Travel
costs and laptops remain the biggest drivers of the grant requests.
The Grants Committee have been clear to all partners that they would not want the recent changes to
running costs, with increases in National Insurance and minimun wage, to put any of the projects at risk
and there is contingency in the 2025 budget to support them.
Financial review
The Charity recorded a defictt for the year of £8,16512023 surplus of £85.7371, which was very close to
budget. In line with expectations, it received no Gift Aid income this year12023 £189.5001 from its
subsidiary company. It reported a gain on investment values during the year amounting to £269,456 {2023
gain of £758.395) which was below, but not significantly, the market comparators. Investment income held
up well which has enabled the significant expenditure on grants to continue. Due to the structure of these
grants supporting three year projects, five year forecasts are produced and regularly ￿VIewed. This gives
the trustees confidence in the healthy state of the charity's finance5 and the ability to award substantial
grants in accordance with the charity's objective in addition to maintaining the Almshouses in a very good
condition. In conclusion. the Charity's total assets less current liabilities are £11,680,7441£11,419,453 at
31 December 20231.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves policles
The Charity currently holds Permanent Endowment Funds amounting to £3,578,20612023.' £3,510,734).
These reserves arise from the original capital bequeathed to the Charity and are non-expendable. They are
maintained primarily in Freehold properties and long-term investments and any income which is earned
from these assets may be treated as unrestricted income for use by the Trustees in furtherance of the
Charity's objectives.
Following the introduction of the new constitution in April 2021. the Trustees were able to set aside an
Expendable Permanent Endowment fund, which at 31 December 2024 amounted to £7,009,14212023
£6,848,695). This fund may be used to invest in the long term capital base of the charity to ensure its
continued ability to serve its beneficiaries, subject to the restrictions as set out in the Charity's
constitution.
To ensure that the permanent endowment properties continue to be maintained in an adequate state of
repair. the Trustees have designated a Major Refurbishment Fund which at 31 December 2024 stood at
£143,893 {2023 £139.4111.
The Charity's policy for the maintenance of unrestricted funds, which are free reserves of the Charity, is to
ensure. in the event there is a loss of income, that the Charity has retained sufficient reserves which would
enable it to continue meeting the costs of operating the Almshouses and the Charity as well as continuing
to provide a level of grant funding for a period of at least 12 months. The Trustees consider that, based on
current expenditure levels, an appropriate level of unrestricted reserve would amount to £500,000. The
policy will be Subject to regular review by the Board of Trustees to ensure it remains appropriate for the
Charity and its beneficiaries. At 31 December 2024. the Charity held £949,503 of unrestricted reserves
12023 £920.6131. The Trustees noted that the current level of unrestricted reserves exceeds the level
recommended by their reserves policy. They have considered this when carrying out their review of the
Charity's 5 year plan and are taking Steps to increase grant payments in order to reduce the reserve level
within the foreseeable future.
Investment policy
The strategic approach of the Charity towards investment is to maximise the return whilst having regard to
medium and long term growth. This could be achieved by a mix of investment types including managed
stock market investment5. commercial property and land with mediumllong term development potential.
The investment policy requires that any investment by the Charity should be within the medium to
medium to higher risk profile.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Mana
ed stock Market investments
A significant proportion of the funds available for investment is held in managed stock market investments
and so represents the principal investment activity of the Charity.
The Charity has two appointed investment managers who are responsible for managing stock market
investments on a discretionary basis for the Charity. The investment policy of the Charity sets certain
principles for such investments including a 10-year time horizon, a target income return of circa 3% and a
minimum total return (capital and income) of inflation plus 3.5% with a medium term objective of 6% -
The financial markets performed well in 2024. Generally. in developed economies interest rates started to
fall as inflation declined. Much of the 2024 performance was underpinned by the seven largest Tech
companies which, in itself, was a concern. Donald Trump was elected President of USA in the autumn of
2024 and his threat5 of tariffs with a potential trade war caused concern to the financial markets. The first
few months of 2025 has seen significant volatility in the markets as Donald Trump's threats of tariffs
became a reality.
The Charity's investment manager5 performed below their respective comparators in 2024 but did
produce total returns of 6.3% and 5.0% respectively. CPI for the year was 2.6%. The investment managers
remain confident that the investment objectives of the Charity are achievable within the 10 year time
horizon.
The Charity will carry out an independent review of the performance of the investment managers in 2025
in accordance with the policy of the Charity.
Commercial Pro
The Charity owns the Thomas Oken Tea Rooms in Wa￿iCk and has further indirect commercial property
interests through the managed stock market investments. The Charity will consider further suitable
commercial property investments either direct or indirect so that the total funds invested do not
represent more than 30% of the total funds of the Charity available for investment. Any such investment
will be medium to medium/high risk profile.
Land
The Charity will consider investing in land with medium to long term capital growth potential although
recognising that income returns can be as low as 1% in the shorter term. To avoid significant impact on the
income of the Charity any such investment will not exceed 20% of the total funds of the Charity available
for investment.
Mana
ement of the Investment Poli
The Finance Committee are responsible for the day-to-day management of the investment5 and have
authority to make and implement decisions relating to investments and agreeing Statements of
investment policy with investment managers subject always to the principles set out in the investment
policy of the Charity. Any decision to buy commercial property or land, change the investment managers
or the investment policy must be approved by the Board of Trustees.
The Finance Committee report on investment performance on a quarterly basis to the Board of Trustees.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Key risks and uncertaintles
The Trustees regularly consider the major strategic, business and operational risks which the Charity faces
so that they can confirm that systems have been established to enable regular reports to be produced and
the necessary steps taken to mitigate such risks. The Charity maintains a risk register which is reviewed
annually by the Trustees.
Given the nature of the activities of the Charity the Trustees consider that there are two key risks for the
Charity as follows:
Unexpected major repairs and/or dilapidations of properties owned by the Charity some of which
date back to the 16th century. The properties are managed by the Almshouse Committee members
of which have appropriate expertise in such matters. Properties are inspected regularly and
subject to regular maintenance. A professional quinquennial inspection every five years informs
the Committee of likely future maintenance/repair requirements.
Unexpected loss of value and/or income from the managed stock market investments. The risk
profile and quality of the investments means that any losses should be temporary. The Charity is
invested for the long term and has significant distributable reserves. It also carries appropriate
cash reserves. Accordingly it Is well placed to withstand losses in value and/or income and to
continue its normal activities.
Fundraisin
Polic
The charity does not engage in fundraising activities directly with the general public or through third party
professional fundraisers and therefore has received no fundraising complaints during the year.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for the Future
The Charity has medium/long term strategy which is updated annually and reviewed every three years;
the next review will take place in 2026.
The grant strategy is concentrated on the Care Sector from pre natal to end of life and the Charity has
made significant progress in the last six years as investment income has increased. With the continuation
this year of Homestart supporting the prenatal to five year age group and prescribing nurses for Hospice at
Home plus this year's new partnerships and grants with the Safeline Charity and Warwick Independent
Schools Foundation the Charity's grant strategy is virtually complete for the next couple of year5.
The Charity continues to work very closely with the senior Management at the local NHS Hospital, Medical
Centres, Care Homes. Hospice5, Schools, Colleges and specialist charities to improve the care and
education currently provided which will determine the charity's grant strategy beyond 2026.
This work has recently resulted in the Charity awarding a grant of £200,000 in January 2025 to a newly
formed Warwick Charity {Project Pools Charity} over a three year period towards the cost of building a
new community centre at a total cost of £2 million. This grant will be paid from unrestricted endowment.
Statement of trustees, responsibilities
The Trustees a￿ responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standard5 (Untted Kingdom Generally Accepted
Accounting Practice}.

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Audltor
During the year Burgis & Bullock, Chartered Accountants, were reappointed as auditors to the Charity and
Group.
Disclosure of information to auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant
to the audit, but of which the auditor is unaware. They have further confirmed that they have taken
appropriate steps to identify such relevant information and to establish that the auditor is aware of such
information.
The trustees, report was approved by the Board of Trustees.
Mr C Mason (Chairman)
Trustee
Dated: A!
Mrs J Marshall
Trustee

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
Opinion
We have audited the financial statements of The Charity of Thomas Oken and Nicholas Eyffler (the 'Charity')
for the year ended 31 December 2024 which comprise the statement of financial activities, the balance
sheet, the statement of cash flows and the notes to the financial statements, including significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming
resources and application of resources, for the yearthen ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) 11SAs IUKI} and
applicable law. Our responsibilities under those standard5 are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
Charity in accordance with the ethical requirements that are relevant to our audtt of the financial statement5
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertaintie5 relating to events
or conditions that, individually or collectively, may cast significant doubt on the Charity's abilFty to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in
the relevant sections of this report.
10-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other information is materially inconsistent
wlth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we
are required to determine whether this gives rise to a material misstatement in the financial statements
themselves. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts
and Reports} Regulations 2008 requires us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the
trustees, report: or
sufficient accounting records have not been kept; or
the financial staternents are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the statement of trustees, responsibilities, the Trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the Trustees determine is necessary to enable the preparation of financial statements that
are f￿e from material misstatement, whether due to fraud or error. In preparing the financial statements,
the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as
applicable, matters related to going concern and using the going concern basis of accounting unless the
Trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's ￿SponSibl11t1es for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charitie5 Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted
in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decision5 of users taken on the basis of these financial
statements.
11

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud. 15 detailed below.
We gained an understanding of the legal and reEulatory framework applicable to the charity and the sector in
which it operates and assessed the extent of compliance with these laws and regulations as part of our
procedures on the related financial statement items.
Based on our understanding of the charity we identified that the principal risk of non-compliance with laws
and regulations related to breaches of the Charities Act 2011; Safeguarding and GDPR regulations; and the
charity's constitution. We also evaluated management incentive and opportunities for fraudulent
manipulations of the financial statements.
Audit procedures performed included:
Identifying and assessing the design effectiveness of controls in management have in place to prevent
and detect fraud.
Challenging assumptions and judgments made by management in their significant accounting estimates
and assessing if these indicate evidence of management bias;
Reviewing the accounting records for large and unusual journal entries and testing any identified and in
particular the rationale for any transactions outside the charity's normal course of activity.
Reviewing the accounting record5 for large and unusual bank payments and testing any identified and in
particular the rationale for any transactions which appear to be outside of the charity's objectives.
Testing a sample of debit entries in the profit and loss account to check they are bona-fide costs in
accordance with the charity's objectives.
Testing for the existence of related party transactions and confirming identity of relevant parties with
Trustees.
Making enquiries of those charged with governance as to any instances of non-compliance with laws and
regulations.
Reviewing minutes and correspondence for evidence of non-compliance with key laws and regulations.
Because of the inherent limitation5 of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the events
and transactions reflected in the financial statements, as we will be less likely to become aware of instances
of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
httPS://www.frc.org.uVauditorsresponsibilities. This description forms part of our auditor's report.
12-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
Use ol our report
This report is made solely to the charlty's trustees, 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 trustees 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 trustees as a body, for our audit work, for this report, or for the opinions
we have formed.
Fkth?a
Wende Hubbard FCCA (Senior Statutory Auditor)
For and on behalf of Burgis & Bullock, Statutory Auditor
Chartered Accountants
23-25 Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
Date:
£L.S.Jl 2cas
Burgis & Bullock is eligible for appointment as auditor of the Charity by virtue of it5 eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
13-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financial year
Unrestrictsd Designated Endowment
lunds
funds
funds
2024
2024
2024
Total
Total
2024
2023
Notes
Income from:
Donations and Grants received
Charitable activities
Almshouses Income
Oken's Feast
Investment income
39,617
39,617
229,500
73.692
73,692
67,741
6,675
291,673
305,305
3,684
308,989
Total income
418,614
3,684
422,298
595,589
Ex
enditure on:
Raising funds
2,915
15,187
18,102
20,009
Charitable activities
Almshouses management
Grants payable
38,433
316,223
2.191
11.935
52,559
316.223
113,445
336,215
Total charitable expenditure
354,656
2,191
11.935
368,782
449,660
Governance and Administration
12
43,579
43,579
40.183
Total resources expended
401,150
2.191
27,122
430,463
509,852
Net income for the year
17,464
1,493
{27,122}
(8,1651
85.737
Net g3ins/(Ios5esl on investments
13
12,624
2,989
253.843
269.456
758,395
14-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Designated Endowment
funds
funds
funds
2024
2024
2024
Total
Total
2024
2023
Net incomlng resources befo
transfers
30,088
4,482
226,721
261,291
844,132
Gross transfers between funds
11,1981
1,198
Net movement in funds
28,890
4,482
227,919
261,291
844,132
Fund balances at l January 2024
920,613
139,411 10,359,429 11.419,453 10,575.321
Fund balances at 31 December
2024
949,503
143.893 10,587,348 11,680,744 11,419,453
15-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
STATEMENT OF FINANCIAL AcfiviTIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Prlor financial year
Unrestrlcted Designated Endowment
funds
fijnds
funds
2023
2023
2023
Total
2023
Notes
Income from:
Donations and Grants received
Charitable activities
Almshouses Income
Oken's Feast
Investment income
229,500
229,500
67,741
6,675
288,040
67,741
6.675
291.673
3,633
Total income
591,956
3.633
595,589
enditure on:
Raising funds
2.337
17,672
20,009
Charitable activities
Almshouse5 management
Grants payable
68,626
336,215
32,884
11,935
113,445
336,215
Total charitable expenditure
404,841
32.884
11,935
449,660
Governance and Administration
12
40,183
40,183
Totsl resources expended
447,361
32.884
29,607
509,852
Net gains/{lossesl on investments
13
30.494
11,137
716,764
758,395
16-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Designated Endowment
funds
funds
funds
2023
2023
2023
Total
2023
Notes
Net incoming resources before transfers
175,089
{18,114)
687,157
844,132
Gross transfers between funds
116,3521
16,352
Net movement in funds
158,737
{1,762)
687,157
844,132
Fund balances at l January 2023
761.876
141.173 9,672,272 10,575,321
Fund balances at 31 December 2023
920,613
139,411 10,359,429 11.419,453
17

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
BALANCE SHEET
ASAf31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets - almshouses
Investment property- Oken's House
Investments
14
15
16
871,130
400,000
10,069,497
883,065
400,000
9,591,113
11,340,627
10,874,178
Current assets
Debtors
Cash at bank and in hand
Cash deposit accounts
18
52.281
108,383
250,376
32,789
48,512
515.376
411.040
596,677
Creditors: amounts falling due within
one year
19
170,923)
151,402)
Net current assets
340.117
545,275
Net assets
11,680,744
11.419,453
The funds of the Charity
Endowment funds
Unrestricted funds - general
Unrestricted funds- Designated
20
22
21
10,587,348
949,503
143,893
10,359.429
920,613
139,411
11,680,744
11,419.453
The financial statements were approved by the Trustees on
.s.[.107./2S
Mr C Mason IChairman}
Trustee
Mrs J Marshall
Trustee
18-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash (ab50rbed by)/generated from
operations
27
{305,190)
3,571
Investing activities
Purchase of investments
Proceeds from disposal of investment5
Investment income received
1568,7211
358,549
308,989
1158,595)
199,929
291,673
Net cash generated from investing
activities
98,817
333,007
Net cash used in financing activities
Net {decrease)/increase in Cash and cash
equiwalents
{206,373}
336.578
Cash and cash equivalents at beginning of year
695,085
358,507
Cash and cash equivalents at end of year
488.712
695,085
Relating to:
Cash at bank and in hand
Cash deposit accounts
Short term deposits included in fixed asset
investments
108,383
250.376
48,512
515,376
129,953
131,197
19-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
The Charity of Thomas Oken and Nicholas Eyffler is an unincorprated charity governed by a Scheme
sealed on 18 July 1988, a Supplemental Clause sealed on 9 October 1990 and a resolution passed 28
January 2021.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the Charity's governing document,
the Charrties Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FR5 102.1 and the Charities SORP Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective I
January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved following the
Statement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which has since been
withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include
the revaluation of freehold properties and to include the investment property and certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the Trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their
charitable objettives.
Designated funds are set aside to meet property costs during void periods, exceptional and uninsured
expenses relating to the Almshouses.
The funds of the charity include restricted fund5 which under the provision5 of the Charity's Governing
Instruments it must maintain or which represent unexpended balances of donations and grants held on
trust for specific purpose5.
20-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Endowment funds a￿ subject to specific conditions by donors that the capital must be maintained bv
the Charity. Income arising from these assets is transferred to the general fund.
1.4 Income
Grant income is recognised when the Charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Rental income is accounted for in the period to which it relates.
All investment income excluding deposit interest is shown on the ba515 of amounts receivable in the
year and includes any tax credit or income tax which is recoverable by the charity. Deposit interest is
Shown on the basis of amounts credited in the year.
1.5 Expenditu
Expenditure is accounted for on an accruals basis. Grants are paid out in accordance with the charity'5
stated objectives.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net
of depreciation and any impairment losses.
Depreciation is ￿Cognised so as to write off the cost or valuation of assets le55 their residual values
over their useful lives on the following bases:
Almshouses
50 years straight line
Freehold land totalling £298,266 (2023 - £298,266) 15 not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Investment property
Investment property, which is property held to earn renta15 and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation
is recognised in the statement of financial activities.
1.8 Flxed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
income/lexpenditure} for the year. Transaction costs are expensed as incurred.
21

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.9 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any
such indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss (if any).
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term
liquid investments with original maturities of three month5 or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
1.11 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues, of FR5 102 to all of its financial instrLtments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to
the contractual provisions of the instrument.
Financial assets and liabilitie5 are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
Basicfinancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective Inte￿$t method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basicfinuncial liobilities
Basic financial liabilitie5, including creditors and bank loans are initially recogni5ed at transaction price
unless the arranEement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not. they are presented as non-current liabilities. Creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
22-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
(Continued)
Derecoqnition offinancial liobllitles
Financial liabilities are derecognised when the Chariws contractual obligations expire or are discharged
or cancelled.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may drffer from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised the period in which the estimate is ￿ViSed where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
Key sources of estimation uncertainty
l. Freehold and investment property valuations
The trustees use key estimates and judgements in determining the fair value of the investment
property and the freehold properties held at each year end.
Income from donations and legacies
Unrestricted Unrestricted
funds
funds
2024
2023
Gift Aid from subsidiary
Legacies
Grants
189,500
5,000
34,617
40,000
39,617
229,500
-23-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
(Continued)
Unrestricted Unrestricted
funds
funds
2024
2023
Grants
Warwick Relief in Need
Warwick United Charities
Warwick Provident Charity
King Henry Vlll
8.606
4,327
4,375
17,309
10,000
5,000
5,000
20,000
34,617
40,000
Grants of £34.617 (2023: £40,000} were received from other Warwick charities to support the MIND
Active Monitoring in Warwick project.
Charitable activities
Almshousesoken's Feast
Income
2024
Total Almshousesoken's Feast
2024
Income
2023
Total
2023
2024
2023
Income within
charttable activities
73,692
73.692
67,741
6,675
74,416
24-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment income
Unrestricted Unrestricted
funds
funds
general Designated
2024
2024
Total Unrestricted Unrestricted
funds
fund5
general Deslgnated
2023
2023
Totsl
2024
2023
Rental income
Income from listed
investments
Income from unlisted
investments
Interest receivable
16,500
16,500
16,500
16,500
94,178
94,178
83,064
83,064
176,856
17,771
3.684
180,540
17.771
176,752
11,724
3,633
180,385
11,724
305.305
3,684
308,989
288,040
3.633
291.673
Investment income derived from Endowment fund investments is taken to general unrestricted income
funds.
Expenditure on raising funds
Unrestricted Endowment
fvnds
funds
2024
2024
Total un￿StrICted Endowment
fijnds
funds
2023
2023
Total
2024
2023
Investment
management
2,915
15,187
18.102
2,337
17,672
20.009
Investments held and managed by CCLA are subject to central fund management charges which are not
specifically allocated to the individual charities invested in their funds. The CCLA current published rate
of fund management charge is 0.68% and 0.86% for ongoing charges.
25-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activlties
Almshouses
management
Grdnts
payable
Total
2024
Total
2023
Depreciation and impairment
General repairs & refurbishment
Insurance
Light and heat
Maintenance of gardens
Water rates and charges
Miscellaneous expenses
Residents, Christmas gifts
Oken's feast
Advertising
11,935
23,419
4,805
895
3,592
3,840
2,545
i.1(10
11,935
23,419
4,805
895
3,592
3,840
2,545
I,ioo
11,935
70,381
4.029
542
4,385
3,630
3,542
5,500
9,123
378
428
428
52,559
52,559
113,445
Grant funding of activitieslsee note 91
316.223
316,223
336,215
52,559
316,223
368,782
449,660
Residents, Christmas gifts amounting to £1,100 {2023 £5,500} were paid in recognition of the
continuing c05t of living situation.
Net movement In funds
2024
2023
The net movement in funds is stated after charging/lcreditingl:
Fees payable to the charFty's auditor:
for the audit of the charity's financial statements
for other financial services
Depreciation of owned tangible fixed assets
8,760
17,400
11,935
8,760
15,600
11,935
-26-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
2024
2023
Grants to institutions:
Safeline
Myton Hospice
South Warwickshire & Worcestershire Mind Ltd
CASW
Warwickshire Care Services
Warwickshire College Group
Parenting Project
Warwick Independent School Foundation
Lord Leycester Hospital
Home-start South Warwickshire
20.964
49,318
82,421
40,559
14,560
10,000
51,666
8,250
48,727
97,039
37,291
48,189
10,000
47,149
500
25,000
17.320
38,485
316,223
331,215
One-off individual grant
5.000
316,223
336,215
10 Trustees
None of the Trustees {or any persons connected with them) received any remuneration or benefits
from the Charity during the year {2023- none). No trustee was reimbursed expenses during the year
12023: One trustee reimbursed for Oken Feast expenses- £301,
11 Employees
There were no employees during the year.
-27-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Governance and Admlnistratlon
2024
2023
Audlt fees
Clerk's fees and expenses
Accountancy fees
Legal and professional fees
8,760
17.000
17,400
419
8,760
14,600
15,600
1,223
43,579
40,183
28-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Tangible fixed assets
Almshou￿$
Cost or valuation
At l January 2024
895,000
At 310ecember 2024
895,000
Depreciation and impairment
At l January 2024
Depreciation charged in the year
11,935
11,935
At 31 December 2024
23,870
Carrying amount
At 31 December 2024
871,130
At 31 December 2023
883,065
Guild Almshouses and Castle Hill Almshouses land and buildings were valued by the Trustees, having
sought professional advice by way of an independent valuation undertaken by Godfrey-payton
Chartered Surveyors on 30 September 2022 and 5 October 2022 respectively and are included at an
'Existing Use Value, valuation.
At 31 December 2024, had the revalued assets been carried at historic cost less accumulated
depreciation and accumulated impairment 105ses. their carrying amount would have been
approximately £70,94612023 £72,488). The original Almshouse properties were gifted to the charity,
so there is no historical cost.
15 Investment property
2024
Fair value
At l January 2024 and 31 December 2024
400,000
The Thomas Oken Tea Rooms have been designated as an investment property, and consequently no
depreciation charge is considered necessary. The Trustees revaluated the investment property to a
market value of £400,000 based on an independent valuation obtained by Godfrey Peyton Chartered
Surveyors on 7 November 2022. They have reviewed this valuation and they consider this valuation to
still be representative of theirfair value as at 31 December 2024.
The Thomas Oken House was donated by SirThomas Oken hence there is no historical cost.

Ln tD ts)
v4 ￿ 0
%D ¢4 U)
¢ m In
r4 u)
tD

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Other investments comprise:
Notes
Investments in subsidiaries
25
Ftxed asset investments revalued
Historical cost of listed investments amounted to £3,021,10112023.. £2,744,472)
17 Financial instruments
2024
2023
Carrying amount of financial assets
Equity Instruments measured at fair value through proftt or loss
10,069,497
9,591,113
18 Debtors
2024
2023
Amount5 falling due within one year:
Debtors
Amounts owed by subsidiary undertakings
Prepayments and accrued income
604
1,800
49.877
4,429
28,360
52,281
32.789
19 Creditors: amounts falllng due within one year
2024
2023
Credltors
Tenant rent deposit
Accruals and deferred income
24,459
8,250
38.214
14,724
36,678
70,923
51,402
Accruals and deferred income include deferred income is respect of grants received in advance
amounting to £10,384 {2023'. £10,384)
32-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Endowment funds
At l January
2024
Resources
expended
Transfers
Gains and
losses
At31
December
2024
Permanent endowments
Permanent endowment
3,510,734
124,3211
1,008
90,785
3,578,206
Expendable endowments
Expendable endowment
6,848,695
12,801)
190
163,058
7,009,142
10,359,429
{27.1221
1,198
253.843 10,587,348
Previous year:
At l January
2023
Resources
expended
Transfers
Gains and
losses
At31
December
2023
Permanent endowments
Permanent endowment
3,377,696
125,4741
2,640
155,872
3,510,734
Expendable endowments
Expendable endowment
6,294,576
14,133)
{2.6401
560,892
6,848,695
9,672,272
129.6071
716.764 10,359,429
Endowment funds represent assets which must be held permanently by the Charity. Income arising on
the endowment funds can be used in accordance with the objects of the Charity and is included as
unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
The Trustees have set aside an amount of reserves, mainly arising from the donations received from its
trading subsidiary company, which are now reserved for investment in the long term capital base of the
charity to enable future generations to continue to benefit from its charitable activities. The fund may
only be expended in line with the provisions of the Governing Document.
-33-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 DECEMBER 2024
21 Unrestricted funds - Designated
The income funds of the charity include the following designated funds which have been set aside out
of unrestricted funds by the trustees for specific purposes:
At l January
2024
Incoming
resources
Resources
expended
Transfers
Galns and
losses
At31
December
2024
Major
Refurbishment
Fund
139,411
3,684
12,191)
2.989
143,893
Previous year: At l January
2023
Incoming
resources
Resources
expended
Transfers
Gains and
losse5
At31
December
2023
Major
Refurbishment
Fund
141.173
3,633
132,884)
16,352
11.137
139,411
During the year. transfers amounting to £nil12023 - £16,352) were made from unrestricted funds bank
accounts to the Repair Fund which is held as a designated fund. This transfer was made towards the
costs of refurbishing the Almshouses.
22 Unrestrlrted funds
At l January
2024
Intoming
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2024
General funds
920,613
418,614
{401,1501
11,1981
12,624
949,503

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Unfe5tricted funds
(Continued)
Previous year:
At l January
2023
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2023
General funds
761.876
591,956
1447,3611
{16,352}
30,494
920,613
During the year. transfers amounting to £1,198 were made in relation to income received in the
endowment income account which relates to unrestricted income.
In 2023 £16,352 of transfers were made from unrestricted funds bank accounts to the Repair Fund
which is held as a designated fund. This transfer was made towards the costs of refurbishing the
Almshouses.
23 Analysis of net assets between funds
Unrestricted Unrestricted Endowment
funds
funds
funds
general Designated
2024
2024
Total
2024
2024
At 31 December 2024:
Tangible assets
nvestment properties
Investments
Current assets/lliabilities)
871,130
871.130
400,000
41)0,000
9,320.046 10,069,497
{3,8281
340.117
614,132
335,371
135,319
8,574
949,503
143,893 10.587,348 11,680,744
-35-

THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Analysls of net assets between funds
(Continued)
Unrestricted Unrestricted Endowment
funds
funds
funds
general Designated
2023
2023
Total
2023
2023
At 31 December 2023:
Tangible assets
Investment properties
Investments
Current assets/{liabilitiesl
883,065
400.000
9,079,893
13,5291
883,065
400,000
9,591,113
545,275
378,890
541.723
132,330
7,081
920,613
139,411 10.359,429 11.419,453
24 Related party trnnsactions
Gift Aid income amounting to £nil 12023: £189,500) was receivable from the Charity's subsidiary
company in the year. Gift Aid payments still outstanding at year end were £nil12023- £nill.
25 Subsidiaries
The charity is the beneficial owner of Oken EyFfler Limited (Reg. No. 084855681, by virtue of its 100%
holding of the company's issued share capital which was set up to hold, develop and sell land.
Details of the Charity's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered
office
Nature of business
Class of
% Held
shares held Direct Indirect
Oken Eyffler Ltd
UK
Land development
Ordinary
share
loo.00
26 Analysis of changes In net funds
The Charity had no debt during the year.
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THE CHARITY OF THOMAS OKEN AND NICHOLAS EYFFLER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
27 Cash generated from operations
2024
2023
Surplus for the year
261,291
844,132
Adjustments for:
Investment income recognised in statement of financial activities
IGain}/loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
{308.989}
146,047)
(223,409)
11,935
1291,673)
2,153
1760,548)
11,935
Movement5 in working capttal:
{Increa5e)/decrease in debtors
Increase in creditors
119,492}
19,521
180,878
16,694
Cash (absorbed byl/generated from operations
1305,1901
3,571
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