DRAYfoN PAROCHIAL CHARITIES
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
RE
ERED CHARrrY NO: 221225

DRAYfoN PAROCHIAL CHARITIES
INDEX TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Pages
1-2 Report of the Tnjstees
3 Independent Examiners Report
4 R￿ipts artd Payments A￿OUnt
5 R￿ipts and Payments (Non Housing Activity)
6 Statement of Assets and Liabilities
7-12 Notes to the Accounts

DRAYTON PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2022
The Trustees have pleasure in presenling their report and accounts for the year ended 31
December 2022
Actlvitles
Draylon Parochial Charities was estsblished on 5 December 1977 under the Charities Act
1960.
The deed joined the charity of Robert Comeville and four charities administered together as
the Drayton Almshouse Charity. The deed stated that the income of the charity of Robert
Comeville is to be applied by the trustees for any charitable purposes for the general benefit of
the inhabitanls of the Parish of Draylon for which provision is not made out of council tax,
taxes or other public funds. The income of the Drayton Almshouse Charity is to be applied by
the trustees for the benefrt of the tharity
Review of the
ear
Dra
on Almshouse Cha
With the exception of a fèw weeks at the beginning of the year when one property was
unoccupied, all of the Almshouses w￿re occupied throughout the year.
We continued to subsuibe to The Almshouse Association and Independent Housing
Ombudsman Limited
We renewed the concessionary TV licence for those benefiaaries covered.
Extraordina Re
ir Fund
The Extarordinary Repair Fund (ERF) is invested with Blackrock, Charities UK Bond Fund and
Charities Equity Fund (formerly Charinco and Charinshare investments) The income is
accumulated, and 2022 Accounts include the accumulated income for Ihat year. The income
has been added to the original cost of the investments as per note 7.
Robert Corneville Chari
No grants was made in the year
Public Benefit
The trustees confirm that they have had due regard to the guidance published by the Charity
Commission on public benefrt.
Page I

DRA￿ON PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2022
Trustees, Res
nsibilitFos
Registered scKial housing legislation requires the Trustees to prepare financial statement5 for each
financial year which give a trve and fair V￿ of the state of affairs of the Register&J Social Landlord as at
the balance sheet date and of the surplus or defiut for that period. In preparing these financial statements
the Trustees are required to ".
- Select suitable accounting policies and then apply them consistenly:
- Make judgements and estimates that are reasonable and prudenL"
- State whether applicable accounb'ng standards have been followed, subject to any material departures
disclosed and explained in the financial slatements,
Prepare the financial statements on a going con￿rn basis unFess il is inappropriate lo presume that the
Reoistered Social Landlord wll conts'nue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial posibon of the Registered Social Landlord and enable it to ensure that
the financial ststements comply with Schedule 1 to the Housing Act 1996, the Accounting Requirements
for Registered Social Landlords Generdl Determin*"on 2006 and the Statement of Recommended
practi￿ 'Accounling by Registered Social LarKllord5'. It has general responsibility for taking reasonable
steps lo safeguard the assets of the Registered Social LarKJlord and to prevent and detect fraL*d and other
irregularilie5.
Banker8
Barclays Bank p
Abingdon
Oxon
Trustee¥
The Trustees during the year were".
Mr Roy Marshall - Chair
Mrs Lynn Jones- Treasurer (Ceased January 2022. resigned 31 Ociober 20221
Mrs Lorraine Lee- Treasurer
Mrs Susan Summers - Clerk to the Tfustees (appointed 10 November 2021, resigned 11th Jan 20231
Mr Robert Taylor
Mrs Sharon Rosher-
Mrs Brenda Malin
BY ORDER OF THE TRUSTEES
L Lee - Treasurer
Page2

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DRAYfoN PAROCHIAL CHARITIES
ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
CHARrrY NUMBER 221225
Respective responslbllltles of trt￿tee5 and examiner
The charitys Imslees are responsible for the preparalion of the accounts in accordance
wrth the Charities Act 2011 (1he Acr).
The char￿S trustees consrder that an audit is not required for this year under seCt￿n 144
of the Act and that an independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Chartty Commission
{under section 145{5}{b) of the Acl, and
to slate whether particular matters have come to my attenlion
Basis of independent examin•￿¥ statement
My examination was carried out in accordance wth general Directions glven by the Charty
Commission. An examination includes a review of the accounting records kept by the charity
and a comparison of the accounts presented wtlh those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from the Iruslees
conceming any such matters. The procedures undertaken do not provide all the evidence that
woukl be required in an audit. and consequenlly no opinion is given as to whether the accounts
present a Yrue and fairf view and the rewrt is limf(ed to those matters set OLrt in the statement
below.
Independent examinerfs statement
In connection with my examination, no material matters have corne to my attention which gNes
m8 caL¢se to bdieve that in, any material respect".
the accounting records were not kept in accordance wtth section 130 of the Chartties Act.. or
the accounts did not accord with the accounting records. or
the accounts did not comply wth the appl￿ble requirements concerning the form and
conlenl of accounls sel oul in the Charities (Accounts and ReFQrts) Regulations 2008 other than
any requirement thal Ihe accounls give a ITue and fairf vbew which is not a matter considered
as part of an independent examination.
I have no concems and have come across no other matlers in connection wth the examination to
which attention should be drawn in this report in order to enable a proper underslanding of the
accounts to be reached.
Signed
FCA
Date
Name
Mrs Lynn Jones
Address
7 Newman Lane
Drayion
Oxon OX14 4LP
Page 3

DRA￿ON PAROCHIAL CHARITIES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Note
2022
2021
TURNOVER From Lettlngs
Conlribulions receivable from ¢￿￿nts of
Almshouses
31,252
29. 105
For the year ended 31 December 2020
31,252
29, 105
Oporaling Costs
Water Rates
Management Expenses
Repairs Major Works
Current cyclical repairs and maintenan¢e
450
1.703
7.499
20,859
1696
5300
OPERATING SURPLUS
Continuing operats.ons
25,952
3.208
Interest receivable and similar income
280
Accumulated Income on Investments
Blackrock Charities UK Bond Fund Acc Units
Blackrock Charibes UK Equity Fund Acc Units
1.406
t,417
3.706
6,194
5,123
Interest payable and similar charges
SURPLUS ON ORDINARY ACTIVITIES
2.085
30.341
{2.111)
6,223
Transfer to designated reserves
Transfer to Extraordinary Repair Fund
Transfer to Robert Comewlle Charity
11
11
12
12801
(6.1941
1891
(3)
(5,123)
(208)
23,798
889
Revenue reserve brought forward
134.
133. 775
Revenue reservo carrled fopHard
134,064
There are no recognised surpluses or defiuts olher than the surplus for the year.
The above surplus is the historical c#)st surplus.
Page 4

DRA￿ON PAROCHIAL CHARITIES
RECEIPTS AND PAYMENTS ACCOUNT
NON HOUSING ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Note
2022
2021
Extraordina
Re
air Fund
Divldend5 on investments
Charities UK Bond Fund Ifomierly Charinco)
Charities Equity Fund Ifomierly Charinshare)
Net Surplus for the year
1.406
4.788
1,477
3.706
11
Corneville Cha
2022
2021
Divklend8 on Investrnents
Charities UK Bond Fund {formedy Charinco)
Charities Equity Fund Ifomierfy Charinshare)
186
1.566
1,g58
1,752
Interest on bank ordinary deposit and caprtal resefve accounts
115
2.073
1,753
Le88
Grants
Management Expenses
450
69
169)
(658)
2,004
1,095
Transfer from Receipts and Payments A￿UTrt
69
208
Net Surplus for the year
12
2,073
1,303
Page 5

DRAYfoN PAROCHIAL CHARITIES
STATEMENT OF ASs￿s AND LIABILITIES AS AT 31 DECEMBER 2022
2022
2021
FIXED ASSETS
Tangible assets
Housing Properties
Less Housing Assc¢iatTron Grant
110,174
110.174
10
20,774
20. 774
Investrnents
Repair Fund
146,335
14 707 161,042
136,642
14 707 151,349
11 8
181,816
172. 123
CURRENT ASSETS
Cash al Bank
Communty
Deposit (Cyclical Prowsion)
Deposit (Comeville Charity)
Owed by Trustee {2020 Resident)
Almshouse loan refund due
37.129
30,417
12,516
23,050
24, 136
10,442
80,069
249
57,635
219
LIABILITIES: Amounts falllng due wlthln one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
261,636
229,539
LIABILITIES: Amounts falllng due afteT more
than one year
10
(15,172)
(15,421)
NET ASSETS
214 t18
CAPITAL AND RESERVES
Designated Reserves
Revenue reserve- housing actNities
Special Reserve- non housing activitie5
11
61,201
157,862
54, 727
134,063
12
214 118
Approved and aulhorised by the Trustees on
Mrs L Lee-Treasurer
Mr R Marshall - Chair
Miss S Rosher- Secretary
on behalf of the trustees
Page 6

DRAYfoN PAROCHIAL CHARMES
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2022
Accountin
Policies
la) Introduction and Accounting Basi5
The principal accounting F(slicies of the Association are set out in paragraphs Ib) lo O") below. These
awunls are prepared under the historical cost convention. are based on the Housing Corporation's
Statement of Recommended Prath'ce Registered Soci81 Landlords and comply with the Accounting
Requirements for Registered Social Landlords General Dete￿inat￿n 2006. The exempb'on from
preparing a Cash Flow Statement to comply wth FRS1 ha$ b*n used ¢J) the grounds that the charity is
small charity.
Ib) Finance
The accounts have been prepared on the basis that the capitsl expenditure referred to in note 6 will be
gTant aided, funded by loan or met out of reserves. There was no addtbonal Capital Expenditure this year.
(cl Mortgages
Mortgage loans are advanced by the Housing CorF4Nation under the te￿$ of a mortgage deed in respect
of a housing scheme.
Advances are available only in reSp￿t of a development whth has been given approval for housing
association grant.
Id) Houslng Assoclatlon Grant (HAG)
The above grant made by the Department of the Environment is utilised to reduce the amount of mortgage
loan in respect of an approved scheme to the amount which it is esb"mated can be serviced by the costs of
the scheme in accordance with instructions issued from time to time by the Department of the
Environment The grants are paid diredy lo the Housing Corporation being the lending authority and are
reflected in the accounts of the Association only when payment has been made and the relevant mortgage
loan reduced.
le) Housing A88ociation Grnnt- A¢quisition and Development Allowance8 Re￿Ivable
The above allowance5 are detemined by the Department of EnVir￿ment and are advanced ag mortgage
loans. They are to finance certain intemal administratr.ve costs relating to the acquisitson and development
of housing land and buildings for approved schemes. Amounts equa5 to these allow8n￿S are added to
housing land and buildings and are released to in(x)me and expenditure ￿0￿nt when they are receivable.
lfj Fixed Assets- Housing Land and Bulldings
Housing properb'es are ststed at cost. The developmeTrl cost of housing properb.es includes the
following".-
Development expenditure
Interest charged on the mortgage loans raised to finan￿ the scheme
Amounts equal to acqui$ilion and development alk)wances receivable.
Page 7

DRAYfoN PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2022
Accountin
PoliGie8
contln
{fj Fixed Assets- Houslng Land and Buildings Icontinuedl
These costs are either temied "Qualifying costs" by the Department of the Environment for an
approved housing associatson grant scheme and are considered for mortgage loans by the
Housing Corporation or are met out of the Associatson's Reserves.
All invoi¢es relating to Capital expenditure arising in the year for whith mortgage advance5 have
been received in the year have b*n included.
Interest on the mortgage loan financing the development is capitalised up to the relevant date of
the interim HAG application. Interest on the residual mortgage loan after this date 1$ charged to
income and expenditure account. Interest on advan￿$ made after the interim HAG application
are capitalised up to the final Televant date of the scheme. Interim and final relevant dates are
determined by the Department of the Environment in accordance with guidelines laid do¥￿ in
circulars.
{gl Depreciation- Housing Land and Buildlngs
Freehold property is not depreciated on the basis that it is maintained in a sab'sfactory state of
repair and the relevant cost of repair is charged to the income and expenditure account
The freehold propefty has been assessed to have a high residual value and as such any
depreciatson charge would not be material.
{h) Provision for Future Cyclical Repairs and Malntenance
The provision reflects the Assmation's liability to maintain rts propertEs in accordance wtth a
planned programme of WO￿$. Decorating is plann￿￿ io lake place every five years or when a
proFerty is vacated if earlier.
{11 Special Reserve INon-Housing Activitles)
The special reserve arises from the income of the Corneville Charity and the funds in the
reserve a￿ only available for chaTrtable PUTposes for the general benefit of the inhabitants of
the Parish of Drayion for whi¢h provision is not made out of council tax, taxes or other public
funds.
U) Apportlonment of Management Expenses
Adminislration and operating costs are allocated 900A to income and expenditure account
(housing activities) in respect of the c4)sts relatsng to the management and maintenance of
housing accommodation for letting, and 10% to the Comeville Charity.
Page 8

DRAYTON PAROCHIAL CHARITIES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENOED 31 DECEMBER 2022
2 Tumovgr, and Operating Surplus
2022
2021
Stiaal hou*ng acwmodation
Tumover
31.252
29.105
Operating Costs
{ 5,3001
(25,897)
Operating Surplu$
25.951
Intsr&st receivable and simiLar in¢ome
AC￿Mulat￿l inv8stment Incr
6,194
1124
Intere51 payabb and simlpr charggs
12,0851
(2,111)
(Deficilllsurplus for the year
Operatlng costs from lettings
Housing accomodation {fj Units)
Water Services and G￿n￿l Tax
Major Works Expenses
Management Expense3 (see nol& 3)
Current cydi(>l repairs and mainten8ncE
4S)
20,859
1.499
2.696
1.703
3,147
3 Management Expens
Para
Estate Costs
Insurance
Garden Mainlenan
ghling and Heating
L￿)ee
Repairs aThJ Maintenanc8
Repair5 Major Works
Cyclical
978
100
1LM)
129
386
20,859
1,401
2.743
2,743
Offle• Overheads
Con(erenc8s
subscript￿n5
SundrE5
Lagal and Profes5v)nal
15Q
513
524
167
18
524
167
18
1,(64 3,047
4,921
25,262
Apportionmeni of financ£ and
administration e￿￿rtUr?
(708)
Totsl ExpenditUTe
1rMJ
69
21 25 262
Pa8e 9

DRAYfoN PAROCHIAL CHARITIES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
4 Employees, Payments to Trustees and Officers
There were no employees. and the only transactions wrth Trustees were the reimbursement
of expenses incurred in the normal day to day njnning of the charity.
5 Houglng Stock
The number of units of housing ac¢om(NJation in management at 31 December 2022
Unlts in Management
2022
2021
Housing accomodation for letb'ng
6 Flxed Assets-Housing Land and Buildings
2022
2021
Cost
At the beginning of the year
110,174 110,174
At the end of the year
110 174 110174
Note.. No cost ig included for Ihe land referred to above and wh￿h was acquired many years
ago.
Page 10

DRAYfoN PAROCHIAL CHARITIES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
7 Investmenls - Extraordinary Repair Fund
Cost
Market Value
2022
2021
2022
2021
Blackrock Charities UK Bond Fund {fomiet1y Charinco)
889.28612021.. 852.784} Accumulation Shares
Accumulated income
Investment in year-36.502 units
Balan￿ as at 31 December 2022
Blackrock Charities UK Equity Fund Ifomierly Charishare)
6345.19 (2021:6,269.21) Accumulation Shares
Accumulated income
Investnment in year-75.98 units
Balance as at 31 Deeember 2022
Totsl per Accounts as at 31 December 2022
44.649
1,406
1.750
41.732
1,417
1,500
44,649
38,819
45,163
91,992
4.788
1,750
98,530
86,786
3.706
148,495 146,887
91,992
13
14 192 050
Cost
Market Value
2022
2021
8 Investments - cornevil￿ Charity
2022
2021
818throck Charities UK Bond Fund (fomier1y Charinco)
3 099.2412020. 3,099.24) Income Units
Blackrock Charities UK Equity Fund IfomieTly Charishare)
7,600.56812021.. 7.600.568) Income Unils
4,523
5.693
14,707
2022
2021
9 Llabilities4mounts falling due within one year
249
£249
219
19
Mortgage Orchardbrook PLC
2022
2021
10 Liabilities - Amounts falling due after more than one year
Housing Loans
Loan repayable after one year advanced by
Mortgage Orchardbrook PLG
Housing Loans
This is the balance outslanding on the residual loan and it is repayable by half year
annu'rties of principal and interest the last of which falls to be paid on 31 March 2040.
The loan bears interest at 13.375Yo. This loan cannot be repaid early as tenns were
agreed subject to the ChaTty'S receipt of a grant of £89.400 from the Housing Association.
The loan is secured by a first legal charge over the properties concemed.
Page 11

DRAYTON PAROCHIAL CHARMES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
11 Deslgnated Reserve8
Cycli¢81 Repalr ExiTaordhwry
& Mairtenarte
Re￿ir Fund
Tolal
At 1 January 2022
3.290
51.437
54.727
Transfer from revenue reserve
6.194
6,474
At 31 DecemLw 2022
3,570
57.631
61.201
The cydical repair and maintenance fund and extraordinary repair fund refleci the
charity's liability to maintain its properties in accordance with a planned programme of
works and provide for possible large one off repair5.
12 Special Reserves- non houslng actlvllles Icharitsble purposes)
2022
2021
At 1 January 2022
Income and expenditure ac£ount for the year
Transfer from revenue reserves
At 31 D￿rnber 2022
25,328
2,004
69
24,024
1,096
208
This reseNe is the accumulated surplus of In￿Me of the Comeville Charity
13 Drayton Parochial Chanties was established on 5 Decemter 19TI under the Charities
Act 1%0.
The deed joined the charity of Robert Comeville and four charitses administered together as
the Drayton Almshouse Charity. The deed stated that the income of the charity of Robert
Comeville is to be applied by the tnjstees for any Charitsb￿ purFK)ses for the general benefit of
the inhabitants of the Parish of Drayton for which provision is not made out of council tsx,
taxes or other public funds. The income of the Drayton Almshouse Charity is to be applied by
Ihe trustees for Ihe benefft of the chanty.
Page 12