DRAYfoN PARoCH￿L CHARMES
ACCOuTr￿s
FOR THE YEAR ENDED 31 DECEMBER 20
REGISTERED CHARI
221225

DRAIryON PAROCHIAL CHARITIES
INDEX TO THE ACCOUNTS
FOR THE YEAR ENDED 310ECEMBER 2023
Pages
1-2 Report of the Trustees
3 Independent Examiners ReFwart
4 Receipts and Payments Actount
5 Receipts and Payments (Non Housing Activlty)
6 Statement of Assets and Liabilities
7-12 Notes to the Accounts

DRA￿oN PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2023
The Trustees have pleasure in presenting their report and accounts for the year ended 31
De￿rnber 2023
AGtiviti
Drayton Parochial Charities was established on 5 December 1977 under the Chartties Act
1960.
The deed joined the charity of Robert Comeville and four chartknes administered together as
the Drayton Almshouse Charity. The deed stated that the income of the charity of Robert
Corneville is to be applied by the trustees for any charitable purposes for the general benefit of
the inhabitants 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 Charily is to be applied by
the trustees for the benefrt of the charity-
Review of the
ear
Dra
on Almshouse Chari
With the ex￿pIlOn of a few weeks at the end of the year when one propety was
unoccupied, all of the Almshouses were occupied throughout the year.
We continued to subscribe to The Almshouse Association and Independent Housing
Ombudsman Limited.
We renewed the concessionary TV licen￿ for those beneficiaries covered.
Extraordina
Re
air Fund
The Extarordinary Repair Fund {ERF} is invested wilh Blackrock, Charrties UK Bond Fund and
Charities Equity Fund (fomierly Charinco and Charinshare investments). The income is
accurnulated. and 2023 Accounts include the accumulated income for that year. The income
has been added to the original cost of the investments as per note 7.
Robert Comevllle Chari
A grant made to Abingdon Bridge with a further commttment for 2024125
Public Benefit
The trustees confirm that they have had due regard to the guhdance published by the Chanty
Commission on Dublic benefrt.
Page I

DRAYfoN PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2023
Trustees, Rgs
nsibilities
Registered soaal housing legislation requires the Tnjstees to prepare financial statements for each
financial year which give a true and fair VEW of the stale of affairs of the Registered Social Landlord as
at the balance sheet date and of the surplus or deficit for that period. In preparing these financial
statsments the Trustees are required to .
- SeleGt Suitable accounting policies and then apply them consistently"
- Make judgements and estimates that are reasonable and pnJdenL
Stale whether applicable accounts.ng standards have been followed, subject to any material
deDartures disclosed and explained in the financial statementg".
Prepare the financial statements on a going concem basis unless it is inappropriate to presume that
the Reoislered Social Landlord will conb.nue in business.
The Trustees are responsible for keeping proper accounb.ng records which disclose with reasonable
accuracy at any lime the financial position of the Registered Swial Landlord and enable it to ensure
that the financial statements comply with Schedule 1 to the Housing Act 1996. the Accounb'ng
Requirements for Registered Social Landlords General Detemiination 2006 and the Stalernent of
Recommended Practice 'Accounling by Registered Social Landlords.. It has general responsibility for
tskn'ng reasonable steps lo safeguard the assets of the Registered Social Landlord and to prevent and
de￿ fraud and other irregularities.
Banker¥
Bardays Bank plc
Abingdon
Oxon
Truste
The Trust*s during the year y￿e..
Mr Roy Marshall - Chair
Mrs Lorraine L￿- Treasurer
MTS Susan Summers - Clerk to the Tnjstees (appointed 10 November 2021, resigned 11th Jan 20231
Mr RO￿ert Taylor-resigned 1 Olh July 2023
Mrs Sharon Rosher- Secretary
Mrs Brenda Malin resigned 11th July 2023
Kirsty Hodder lapFt•inted 17th May 2023}
Helen Kendnck {appointed 12th July 2023)
BY ORDER OF THE TRUSTEES
L Lee - Treasurer
Page2

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DRAYTON PAROCHIAL CHARITIES
ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITY NUMBER 221225
ReSPe￿ve responslbilities of trustees and examiner
The charitys trustees are responsible for the preparation of the accounts in ￿CordanCe
with the Charities Act 2011 {Yhe Acr).
The chartys trustees consider that an audit is not requi￿1 for this year under section 144
of Ihe Act and Ihat an independent examination is needed.
It is my responsI￿"11ty to..
examine the accounts under section 145 of the Charities Act.
lo follow the applicable Direclions gwen ty the Chartty Commission
(under sectton 14515)Ibl of the Act. and
to state whether particular matters have come to my attention
Basis of independent examinerfs statwnènt
My examinalion was carried oul in accordance wtth general Directions glven by the Charity
Commission. An examir)ation includes a rewew of the accounting records kept by the charity
and a comparison of the accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts. and seeking explanalions from Ihe Irustees
conceming any such matters. The procedures undertaken do not rffowde all the evidence that
would be required in an audrt. and consequently no opinion is gNen as to whether the accounts
present a Irue and fairf view and the report is limited to Ihose matters set out in the statement
beb)w.
Independent examinerfs statement
In connection with my examination, no material matters have come to my attention which gives
me cause to believe that in. any material respecl..
the accounting records were not kept in accordan￿ y￿th section 130 of the Chartiies Act., or
the accounts did not accord with the accounting re¢ord$' or
the accounts did not compty with the appl￿ble requirements concerning the fom and
content of accounts set out in the Chafities {Accounts and Reports) Regulations 2008 other than
any requirement thal the accounts give a true and fairf view which is not a matter considered
as part of an independent examination.
I have no concerns and have come across no other matters in connection wth the examinatK>n to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Signed
FCA
Dalé
iijblioz
Name
Mrs Lynn Jones
Address
7 Newman Lane
Dr8yton
Oxon OX14 4LP
Page 3

DRA￿ON PAROCHIAL CHARITIES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Note
2023
2022
TURNOVER From Lettlngs
Contributions receivable from occupants of
Almshouses
33,943
31,252
For the year ended 31 DeCem￿r 2023
33,943
31,252
Operating Costs
Water Rates
Management Expenses
Repairs Major Works
Current cydical repairs and maintenan
656
1,779
450
1, T03
3. 147
OPERATING SURPLUS
Continuing operats.ons
23,747
25,952
Interest receivable and Similar In￿Me
1.390
280
Accumulated Income on Investments
Blackrock Charities UK Bond Fund Acc Units
Blackrock Charits"es UK Equity Fund Acc Units
1.655
5,514
7,406
4, 788
7.169
6. 194
Interest payable and similar charges
SURPLUS ON ORDINARY AcTI￿lEs
2,054
30,252
[2,085)
30,341
Transfer lo designated reserves
Transfer lo Extraordinary Repair Fund
Transfer to Robert Corneville Charity
11
11
12
(1.3901
{ 7.1691
1891
(280)
f 6, 194)
(69J
21,604
23.798
Revenue reserve brought forward
157,862
134,064
Revenue reservo carried forward
157,862
There are no recognised SUr￿U￿ or deficils other than the surplus for the year.
The above surplus is the historical cost surplus.
Page 4

DRA￿ON PAROCHIAL CHARMES
RECEIPTS AND PAYMENTS ACCOUNT
NON HOUSING ACTivrriES
FOR THE YEAR ENDED 310ECEMBER 2023
2023
2022
Extraordina
Re
air Fund
Dlvldends on SnveslJnonts
Charits'es UK Bond Fund {formerfy Charin¢o}
Charibes Equity Fund (fomierly Charinshare)
1,655
5.514
1,406
4.788
Net Surplus for the year
7,169
6. 194
Corneville Cha
2023
2022
Dividends on investments
char￿e5 UK Bond Fund {formedy Charinco)
Charitses Equity Fund (formerly Charinshare)
186
1.772
1,839
2,025
1,958
Interest on bank ordinary deposit and capiial reserve a¢¢ounts
595
115
2.621
2,073
Grants
Management Expenses
89
1889)
69
(69)
1.732
1004
Transfer from Receipts and Payments Account
89
69
Net Surplu5 for the year
12
1,821
2.073
Pa8e 5

DRAYfoN PAROCHIAL CHARITIES
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023
2023
2022
FIXED ASSETS
Tanglble assets
Housing Properties
Lèss Housing Association Grant
110,174
110,174
10
20,774
20,774
Investments
Repair Fund
157.004
14.707 171,711
146,335
14,707 161,042
11 8
192,485
781,816
CURRENT ASSETS
Cash at Bank
Communty
Deposit {Cyclical Provision)
Deposit (Corneville Charty)
L￿d by Trustee12020 Resident)
Almshouse loan refund due
48,990
37,007
15.137
37.129
30.417
12.576
101,134
80,069
249
LIABILITIES: Amounts falllng due wlthln one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT UABIUTIES
100 850
293,335
261,636
LIABILITIES: Amounts falling duè after more
than one yaar
10
114,887}
(15. 172)
NET ASSETS
246 464
CAPITAL AND RESERVES
Designated Reserves
Revenue reserve - housing activities
Special ReseNe - non housing activit
11
69,760
179,466
61,201
157.862
12
246 464
Approved and authorised by the Trustees on
Mrs L Lee-Treasurer
Mr R Marshall - Chair
Miss S Rosher- Secretary
on behaw of the trustees
Page 6

DRAYfoN PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2023
Aceountin
Policies
lal Introduction and A¢¢ounllng Bas15
The principal accounting policies of the Association are set out in paragraphs (b} to tsl below. These
accounts are prepared under the historical cost convention, are based on the Housing Corporation's
Statement of Recommended Praclice for Registered knial Landlords and comply with the Accounting
Requ1￿ments for Registered Social Landlords General Determination 20C6. The exemption from
preparing a Cash Flow Statement to comply with FRS1 has been used on the grounds that the charity Is
small charity-
{b) Finan¢0
The a¢¢ounts have been prepared on the basis that the capital expenditure referred to in note 6 will be
grant aided, funded by loan or met out of reSe￿eS. There was no additional Capital Expenditure this year.
1¢) Mortgages
Mortgage loans are advanced by the Houwng CorpJratr"on under the temis of a mortgage deed In respect
of a housing scheme.
Advances are available only in respect of a development vthich has been given approval for housing
association grant.
(dl Housing Association Grant (HAG)
The above grant made by the Department of the Environment Is utilised to redu￿ the amount of mortgage
loan in respect of an approved scheme to the amount which it is eskn"mated can be seNiced by the costs of
the scheme in accordance with instrucbons issued from tsme to b'me by the Department of the
Environment. The grants are paid dIreC￿Y to the Housing corporab.on being the lending authority and are
reflected in the accounts of the Associabon only when payment has been made and the relevant rnortgage
loan reduced.
{e) Housing Association Grant- Acquisition and Development Allowances Recelvable
The at￿ve allowances are detern)ined by the Department of Environment and are advanced as mortgage
loans. They a￿ to finance ￿rtain internal administrab.ve costs relatsng to the aCquiS￿On and development
of housing land and buildings for approved schemes. Amounts equal lo these alloWan￿S are added lo
housing land and buildings and are released to income and expenditure &count when they are receivable.
(fi Fixed Assets- Housing Land and Buildlng8
Housing properties are stated at o)st. The development cost of housing properb"e5 includes the
following:_
Development expenditure
Interest charged on the mortgage loans raised to ffinan￿ the scheme
Amounts equal to acquisition and development allowan￿ receivable.
Pa8e 7

DRA￿ON PAROCHIAL CHARITIES
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
Accountin
Pollcies
continued
In Flxed Assets- Hou8lng Land and Buildlnos (continued)
These costs are either temied 'Qualifying costs" by the Department of the Environment for an
approved housing association grant scheme and are considered for mortgage loans by the
Housing Corporation or are met out of the Associalion's Reserves.
All invoices relab.ng to capital expendrture arising in the year for which mortgage advances have
been re￿iVed in the year have been Ir￿lUded.
InteTesl on the mortgage loan financing the development is capitalised up to the relevant date of
the interim HAG applicatson. Interest on the residual mortgage loan after this dale is charged to
income and expenditure account. Interest on advances made after the Interim HAG applicatson
are capilalised up to the final relevant date of the scheme. Interim and final relevant dates are
detemined by the Department of the EnVir￿ment in accordan￿ wth guHJelines la￿ down in
circulars.
Igl Depreclatiop - Housing Land and Bulklings
Freehold property is not depreciated on the basis that f( is maintained in a satssfactrjry State of
repair and the relevanl cosl of repair 1$ charged to the income and expenditure accounL
The freehold protErty has been assessed to have a high residual value and as guch any
depre￿ation charge would not be material.
(h) Provision for Future Cyclical Repairs and MalnteDance
The provision reflects the Association's liability to maintain its propwbes in accordance a
planned progr8mme of works. Decorab'ng is planned to take place every five years or when a
property is vacated if eartier.
11) Special Resorve {Non41ousing Activitles)
The special resetve arises from the income of the Comeville Charlty and the frjnds in the
reserve are only available for charitsble purposes for the generdl benefit of the inhabitants of
the PaTish of Drayton for which provision is not made out of council tax. taxes or other publi¢
fvnds.
Ul Apportionment of Management Expenses
Administration and operating costs are allocated 90% to income and expendi￿re account
{housing activibesl in respect of the costs relatsng to the management and maintenance of
housing accommodation for leth"ng, and 10% to the Corneville Charity.
Page 8

DRAYfoN PAROCHIAL CHARfflES
NOTES TO THE AccouKrs
Co￿nNuED
FOR THE YEAR ENDED 31 DECEM8ER 2023
2 Turnover, 8nd Operating Surplu•
2023
2022
Sockgl housing aceom¢)datK)n
Tumtwer
31,252
OFeratlng Cost5
(10.1%)
(5,300)
Operating Surplus
23.747
25,952
Interest r¢ceivablè and ￿milar k)o)rne
1.3KJ
AccumuLaled In￿$*Ment In￿me
7.169
6. 194
Intgrest payable and simiLqr charge
(Deficitllsurplus for the year
(2,054}
(2,085)
Operatlng cost8 from lettings
Houslng accomodation16 Units)
Water Services and COU￿11 Tax
Major Works Expenses
Managernent Expenses (see note 31
Current wlical repairs and maintenan
1.779
7,761
3. 147
3 Managem•nt Expens•s
Toiai
Ygt41
E8tats Costs
Insuranc8
Garden Maintenan
L￿hIng and HealiThJ
TV ￿cenCe
Repairs and Maintenanc8
Repairs Major Woth5
Cyclral
2J
2Q
983
41
228
15
41
1.064
100
305
228
15
7.4T7
7.477
2.743
Offlce Ovtrrheads
Conferences
SubscriplK)ns
Sundrwd
-Legal ar￿ Professional
678
207
678
207
524
767
18
Apporbonmgnt of finante an¢J
8dministratiDn ex*nditure
7.720
41
9,629
4,921
89
18851
Tot81 Expendf(ure
89
Page 9

DRAYfoN PAROCHIAL CHARMES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENOED 31 DECEMBER 2023
4 Employees, Payments to Trustee8 and Olficers
The￿ were no employees, and the only transactions with Trustees were the reimbursement
of eX￿nSeS incurred in the nomal day to day running of the charity.
5 Houslno Stock
The number of units of housing accomodation in management at 31 De￿rnber 2023
Units in Management
2023
2022
Housing accomodation for letting
6 Fixed Assets•lousing Land and Buildings
2023
2022
Cost
At the beginning of the year
110,174 110,174
At the end of the year
110 174 110 174
Note.. No costlg included for the land referred to above and which was acquired many years
ago.
Page 10

DRAYTON PAROCHIAL CHARITIES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
7 Investments - Extraordinary Repair Fund
Cost
Market Value
2023
2022
2023
2022
Blackrock Charities UK Bond Fund {fomierfy Charin¢o)
929.991 12022.. 889 2861 Accumulation Shares
Accumulated income
Investment in year40.705 untts
Balance as at 31 December 2022
47,805
1,655
1.750
51.210
44,649
1,406
1,750
43.038
38,819
Blackrock Charities UK Equity Fund Iformerfy Charishare)
6417.18612022..6345.191 Accumulation Shares
AccL¢mulaled income
Investnmenl in year-72.00 units
Balance as at 31 December 2022
98.530
5,514
1.750
105.794
91.992
4.788
1.750
98.530
164,005 148,495
Total per Accounts as at 31 December 2023
207 043 187 314
8 Investments- Comeville Charity
Market Value
2023
2022
2023
2022
Blackrock Charities UK Bond Fund Ifomety Charinco)
3,099.2412022: 3,099 24) Income Units
Blackrock Charities UK Equtiy Fund Ifomierty Charisharel
7,600.568 {2022. 7,600.568} Income Units
4.597
4,523
14.707
14.707
52,476
9 Liabilities4mounts falling due within one year
2023
2022
Mortgage Orchardbrook PLC
249
249
10 Liabilities - Amounts falling due after more than one year
2023
2022
Housing Loans
Loan repayable after one year advanced by
Mortgage Orchardbrook PLC
14 887 £ 15 172
Housing Loan8
This is the balance outstanding on the residual loan and it 1$ repayable by half yearly
annutties of principal and interest the last of which falls to be paid on 31 March 2040.
The loan bears interest at 13.375%. This loan cannot be repaid early as temis were
agreed Subject to the Charity's receipt of a grant of £89,400 from the Housing Asscciation.
The loan is secured by a first legal charge over the properties concerned.
Page 11

DRAYfoN PAROCHIAL CHARITIES
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Toial
11 Deslgnated Reserves
Cydkal Repalr
ExtraoTdlnary
P•IT FLmd
3,570
57.631
61,201
At 1 January 2023
1.390
7,169
8,559
T￿nSter from revenue reserve
64,800
69,760
At 31 D￿mber 2023
The cydical repair and rna1ntenan￿ fvnd and extraordinary repair fvnd reflect the
charity's liability to maintain its PToperties in accordance wth a planned programme of
works and provide for possible large one off repairs.
12 Speclal Reserves - non houslng activitlgs (charitsble purposes)
2023
2022
27,401
1,732
89
25,328
2,004
69
At 1 January 2023
Income and expenditure account for the year
Transfer from revenue reseNes
At 31 Decemlxr 2023
This reswve is the ac¢umulated surplus of inomie of the Corneville Charity
13 Drayton Parochial Charities was estsblished on 5 December 1977 under the Charities
Act 1￿0.
The deed joined the charty of Robert Comeville and four tharities administered togethef as
the Drayton Almshouse Charity. The deed ststed that the income of the charity of Robert
CoTneville is to be applied by the trustees for any charitable purposes for the general benefrt of
the inhabitsnts of the Parish of Drayton for which provision is not made out of council tax.
taxes or other public funds. The income of the Drayton AlMSh￿se Charity is to be applied by
the trustees for the benefrt of the charity.
Page 12