BANBURY & EVESHAM AREA QUAKER MEETING CHARITIES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Registered Charity No. 238015 HMRC Charity No. XN 89306
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Andy Fincham |
|---|---|
| Maggie Guy | |
| Jim Howson | |
| Maria Huff | |
| Zoë Simms | |
| Stella Wilson | |
| Charity number | 238015 |
| Principal address | Clerk of Trustees |
| Banbury and Evesham AQM | |
| Banbury Quaker Meeting | |
| Horsefair | |
| Banbury | |
| OX16 0AH | |
| Independent examiner | Tom Stanley FCA |
| Cooke Watts & Co Ltd | |
| 2-3 Sheldon House | |
| Sheep Street | |
| Shipston-on-Stour | |
| CV36 4AF | |
| Bankers | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| ME19 4TA | |
| Custodian Trustees | Friends Trusts Ltd |
| Friends House | |
| 173 Euston Road | |
| London | |
| NW1 2BJ |
CONTENTS
| Page | |
|---|---|
| Trustees' report | 4 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 18 |
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
Objectives and activities
The object of Banbury & Evesham Area Quaker Meeting Charities is:
'The furtherance of the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain in the area of Banbury & Evesham Area Meeting and beyond'.
Our aims are to hold public Meetings for Worship on a weekly basis at each of our Local Meetings, to support our members and attenders in their spiritual life, to carry out outreach work and other charitable work arising from our testimonies.
Public benefit statement
The Trustees have considered the Charity Commission guidance on public benefit and believe that the charities' objectives are for the benefit of the public.
Achievements and performance
As a result of our deliberations over the previous years, we have concluded that the fulfillment of the aims of this charity would be delivered more effectively by a merger with one or more neighbouring Quaker charities.
The geographical area administered by B&EAQM is contiguous with three other Quaker charities with the same objectives. The charity is in the process of understanding how best to reallocate its assets and responsibilities to ensure that the objectives are met by our sister charities, with the aim of disbanding B&EAQM when appropriate.
This decision has been made by our Area Meeting, in accordance with Quaker governance.
This activity is being undertaken by Trustee representatives of all four charities, under the guidance of Britain Yearly Meeting of the Religious Society of Friends.
Meanwhile we continue to operate as usual with members meeting and reporting back from our National Committees: Meeting for Sufferings, Quaker Life Rep. Council, Quaker Peace & Social Witness Rep. Council and as individuals at our Regional Meeting and our national Yearly Meeting. Locally we held our Annual Adderbury Gathering in June. This meeting was open to members of the public to attend.
We have completed essential refurbishment work at all our Meeting Houses.
Membership
At the end of 2024 Banbury & Evesham Area Quaker Meeting had 90 (92) Members and 45 (45) Attenders. The figures in brackets refer to those numbers at the end of 2023. An Attender is anyone who regularly attends Meeting for Worship but is not in Membership.
Page 4
Our local meetings and area meeting
The spiritual life of our Local Meetings has been sustained by Meetings for Worship each Sunday and at other times throughout the year in our Meeting Houses at Banbury, Broad Campden, Ettington, Evesham, Sibford and Stratford- upon-Avon as reported above.
Our Property and Finance Group has met as required throughout the year and reported to Trustees. In addition, a newsletter is published and circulated to the Local Meetings with news of local and national events and other articles of interest. The Charities' new website is being developed.
Area Meeting met 9 times in the year, with combined onsite and Zoom online meetings, for a variety of learning and business topics.
During the year our representatives to Meeting for Sufferings and Quaker Life regularly attended nationally arranged meetings and reported back to Area Meeting.
Review of area meeting properties
Regarding the day-to-day running of our Area Meeting, and in particular to the properties we own, the number of properties we own could be considered as high compared to our membership.
So, when it seems appropriate trustees consider disposal as a sensible way forward. Since 2000, three properties have been sold.
Regarding our let properties, trustees ensure that they are maintained in as good of a condition as practicable and where possible, to improve them. In the case of our Meeting Houses, we ensure work is carried out as outlined in our quinquennial inspections.
The lettings income, by and large, covers the expenditure on these properties and the repair of our Meeting Houses.
Sustainability
In 2011 Quakers in Britain made a corporate commitment to become a low-carbon, sustainable community. We strive to meet this aim, but all of our properties are old; this therefore presents a considerable challenge. However, our residential let properties have been upgraded to meet the current environmental standard required by legislation.
Principal funding sources
Our main source of funding for building repairs continues to be the income from our let properties.
It is the responsibility of Local Meetings to raise such funds as they need to cover their own running costs. In normal times some of our Meetings can make significant sums from room hirings and use towards their running costs, while others must rely on donations from Friends and other charitable sources.
Reserves policy
The Charities hold reserves to cover their property programme, Local Meeting funds, pastoral carers' grants to Members and Attenders in need and short-term liquidity risks. At 31 December 2024 the Charities had general unrestricted funds of £467,486. The Trustees have reviewed the reserves in the context of current and expected levels of expenditure and have concluded they are appropriate. The Trustees review the reserves on an annual basis.
Page 5
Financial position at year end
The financial position of the charities is set out in the Balance Sheet on page 10 of the Financial Statements. The Charities had Net Assets of £14,698,960 on 31 December 2024.
Investment policy
Our reserves have been spread to reduce risk and trustees continue to review deposit accounts which are ethical but with the prevailing very low interest rates they can hardly be said to give a satisfactory rate of return.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Risk management
The Health & Safety Policy (H&S), including procedures, is regularly reviewed and reported to Trustees. All procedures were followed.
Trustees are satisfied that no safeguarding event occurred in 2024 under the Commission’s “serious incident” criteria. One Trustee has specific responsibility for safeguarding together with a panel made up of one Member from each of our six Local Meetings with a lead representative.
Structure, governance and management
The charity is governed by the Governing Document adopted on 11 January 2009, based on our Quaker Faith & Practice document.
The Trustees who served during the year and up to the date of signature of the financial statements were:
Margaret Baldelli (Resigned 10 November 2024) Andy Fincham (Appointed 8 Sept 2024) David Grimshaw (Resigned 8 September 2024) Maggie Guy (Appointed 8 Sept 2024) Jim Howson Maria Huff (Appointed 11 February 2024) Lynne Richardson (Resigned 14 July 2024) Zoë Simms (Appointed 8 Sept 2024) Stella Wilson (Appointed 8 Sept 2024)
Recruitment and appointment of Trustees
The Area Meeting's Nominations Committee recommends names from within the Membership of Banbury & Evesham Area Meeting Charities to Area Meeting in session, which makes the decision to appoint. Trustees are appointed for three years and may be reappointed twice. If a Trustee has served for nine years, then they should not be re-appointed again until three years have elapsed. All Trustees give their time voluntarily and receive no benefits from the Charities. Any expenses reclaimed are set out in note 7 to the Financial Statements. When making recommendations to Area Meeting, Nominations Committee ensures as far as is practicable that there is at least one Trustee from each Local Meeting. This is not the case at present. This situation is hoped to be corrected as soon as possible.
Page 6
Organisational structure
Trustees met at least four times during the year, as necessary for the running of the Charities. Area Meeting in session is responsible for the discernment of all major decisions affecting the Area Meeting. Trustees are responsible for ensuring that Area Meeting and Local Meetings fulfil legal requirements and that all decisions are taken in accordance with the law and are in the best interests of the Charities.
Trustee induction and t raining
All new Trustees are sent an induction pack including a copy of the 2013 Charity Commission Scheme, the latest Annual Report and Accounts and the Minutes of Trustees Meetings for the preceding 12 months, in advance of formally becoming a Trustee.
Related parties
Banbury & Evesham Area Quaker Meeting Charities are part of Britain Yearly Meeting of the Religious Society of Friends, a Religious Charity. Britain Yearly Meeting is registered with the Charity Commission No. 1127633.
Responsibilities of the trustees
The Trustees are responsible for preparing the Annual Report and the Financial Statements to give a true and fair view of the Charities' financial activities during the year and of their financial position at the end of the year. In preparing these Financial Statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make estimates that are reasonable and prudent.
-
Prepare the financial statements on the 'going concern' basis.
-
Keep proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charities and which enable them to ensure that the Financial Statements comply with applicable law, regulations, and trust deed.
-
Take reasonable steps for the prevention and detection of fraud and other irregularities.
Tom Stanley FCA of Cooke Watts & Co Ltd was reappointed as the Charities' Independent Examiner during the year.
The Trustees have adopted the provisions of the "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 (FRS 102) (as amended for accounting periods commencing from 1 January 2019)".
This report was approved by Banbury & Evesham Area Quaker Meeting Charities Trustees on 18 September 2025.
Maria Huff
Clerk of Trustees in 2025
18 September 2025
Page 7
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BANBURY & EVESHAM AREA QUAKER MEETING CHARITIES
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tom Stanley FCA
Cooke Watts & Co Ltd 2-3 Sheldon House Sheep Street Shipston-on-Stour CV36 4AF
18 September 2025
Page 8
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
----- Start of picture text -----
Unrestricted Restricted Unrestricted Restricted
funds funds Total funds funds Total
2024 2024 2024 2023 2023 2023
Note £ £ £ £ £ £
Income from:
Donations
and legacies 2 19,538 - 19,538 82,204 - 82,204
Charitable activities 3 12,969 - 12,969 32,564 - 32,564
Other trading
activities 4 - - - 15,187 - 15,187
Investments 5 35,078 42,857 77,935 12,743 55,540 68,283
Total income 67,585 42,857 110,442 142,698 55,540 198,238
Expenditure on:
Raising funds 6 1,487 91,251 92,738 - 45,096 45,096
Charitable activities 7 61,310 3,900 65,210 77,518 3,610 81,128
Total expenditure 62,797 95,151 157,948 77,518 48,706 126,224
Net gains/(losses)
on investments 12 - 817,035 817,035 - 495,036 495,036
Net movement
in funds 4,788 764,741 769,529 65,180 501,870 567,050
Fund balances at
1 January 2024 574,429 13,355,002 13,929,431 509,249 12,853,132 13,362,381
Fund balances at
31 December 2024 579,217 14,119,743 14,698,960 574,429 13,355,002 13,929,431
----- End of picture text -----
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derived from continuing activities.
Page 9
BALANCE SHEET
AS AT 31 DECEMBER 2024
----- Start of picture text -----
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 14 9,579,784 9,038,928
Investment property 15 4,498,067 4,229,600
Investments 16 115,421 107,709
14,193,272 13,376,237
Current assets
Debtors 17 5,588 15,621
Cash at bank and in hand 504,996 541,364
510,584 556,985
Creditors: amounts falling due within
one year 18 (4,896) (3,791)
Net current assets 505,688 553,194
Total assets less current liabilities 14,698,960 13,929,431
Income funds
Restricted funds 19 14,156,134 13,391,393
Unrestricted funds:
- Designated funds 75,340 66,080
- General unrestricted funds 467,486 471,958
542,826 538,038
14,698,960 13,929,431
----- End of picture text -----
The financial statements were approved by the Trustees on 18 September 2025
Maria Huff
Clerk of Trustees in 2025
Page 10
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
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 accounts have been prepared on the historical cost convention, except for investments which are included at market value and tangible fixed assets and investment properties which are included at revalued amounts. 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 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
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Designated funds are funds which have been set up for a specific purpose by the Trustees from the general reserve. Unused funds may be reallocated at any time by a formal decision of the Trustees. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
1.4 Income
Incoming resources are comprised of legacies, grants receivable, room hire, voluntary income and operating lease income and are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is comprised of contributions from Area and Local Meetings and treated the same as other incoming resources.
Page 11
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are valued on a depreciated replacement cost basis and the useful economic lives of all tangible fixed assets are reviewed annually. The Trustees have not accounted for depreciation on its freehold buildings because the depreciation charge and accumulated depreciation are immaterial. The Trustees review the materiality of freehold depreciation each year. Assets are included in the accounts at valuation in accordance with FRS 15.
Freehold land and assets in the course of construction are not depreciated.
1.7 Investment property
Investment property, which is property held to earn rentals 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 profit or loss.
1.8 Fixed 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/(expenditure) for the year. Transaction costs are expensed as incurred.
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 months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
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 liabilities 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.
Basic financial 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 interest 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.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement 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.
Trade 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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2 Donations and legacies
| 2 | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Donations and gifts | - | 60,885 | |||
| Contributions and schedules | 19,538 | 21,319 | |||
| 19,538 | 82,204 | ||||
| 3 | Charitable activities Room hire Other income |
Charitable Income 2024 £ 12,710 259 |
Charitable Income 2023 £ 31,997 567 |
||
| 12,969 | 32,564 | ||||
| 4 | Other trading activities Other Fund grant |
Unres. Res. funds funds Total 2024 2024 2024 £ £ £ - - - - - - |
Unres. funds 2023 £ 187 15,000 |
Res. funds 2023 £ - - |
Total 2023 £ 187 15,000 |
| - - - |
15,187 | - | 15,187 | ||
| 5 | Investments Rental income Income from listed investments Interest receivable |
Unres. Res. funds funds Total 2024 2024 2024 £ £ £ 19,403 37,446 56,849 - 5,411 5,411 15,675 - 15,675 |
Unres. funds 2023 £ 6,485 - 6,258 |
Res. funds 2023 £ 50,983 4,557 - |
Total 2023 £ 57,468 4,557 6,258 |
| 35,078 42,857 77,935 |
12,743 | 55,540 | 68,283 | ||
| 6 | Raising funds Investment costs Property management Building refurbishment Repairs |
Unres. Res. funds funds Total 2024 2024 2024 £ £ £ 1,487 5,106 6,593 - 86,145 86,145 - - - |
Unres. funds 2023 £ - - - |
Res. funds 2023 £ 2,099 35,784 7,213 |
Total 2023 £ 2,099 35,784 7,213 |
| Total investment costs | 1,487 91,251 92,738 |
- | 45,096 | 45,096 | |
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7 Charitable activities
| 7 | Charitable activities | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | ||||
| Conferences and courses | 3,029 | 655 | |||
| Library and literature | - | 10 | |||
| Outreach | 204 | 123 | |||
| Travel Costs | 382 | - | |||
| Grant funding of activities Share of support costs Share of governance costs |
3,615 3,900 50,230 7,465 |
788 7,899 68,001 4,440 |
|||
| 65,210 | 81,128 | ||||
| Analysed between: Unrestricted funds Restricted funds |
61,310 3,900 |
77,518 3,610 |
|||
| 65,210 | 81,128 | ||||
| 8 | Grants payable Grants to individuals - relief |
for members and attendees | 2024 £ 3,900 |
2023 £ 7,899 |
|
| 3,900 | 7,899 | ||||
| 9 | Support costs Staff costs Repairs and maintenance Subscriptions Utilities Bank charges Insurance Rent and council charges Print, post, stationery and telephone Other costs of Quaker activities Accounting |
Support Gov costs costs 2024 £ £ £ 7,483 - 7,483 11,917 - 11,917 1,246 - 1,246 13,389 - 13,389 132 - 132 12,270 - 12,270 - - - 2,685 - 2,685 1,108 - 1,108 - 7,465 7,465 |
Support costs £ 7,468 33,271 509 10,504 87 11,564 289 1,748 2,561 - |
Gov costs £ - - - - - - - - - 4,440 |
2023 £ 7,468 33,271 509 10,504 87 11,564 289 1,748 2,561 4,440 |
| 50,230 7,465 57,695 |
68,001 | 4,440 | 72,441 | ||
| Analysed between: Charitable activities |
50,230 7,465 57,695 |
68,001 | 4,440 | 72,441 |
10 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2023 : £Nil).
Page 15
11 Employees
The average monthly number of employees during the year was:
| 2024 Number 2 Employment costs: 2024 £ Wages and salaries 7,483 There were no employees whose annual remuneration was more than £60,000. 12 Net gains/(losses) on investments Restricted funds 2024 £ Revaluation of tangible fixed assets 540,856 Revaluation of investment property 268,467 Loss on sale of investment property - Revaluation of fixed asset investments 7,712 817,035 |
2023 Number 2 2023 £ 7,468 Restricted funds 2023 £ 984,513 446,971 (939,179) 2,731 495,036 |
|---|---|
13 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
14 Tangible fixed assets
| Cost At 1 January 2024 Revaluation At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 |
Buildings Contents Total £ £ £ 8,719,926 319,002 9,038,928 523,199 17,657 540,856 9,243,125 336,659 9,579,784 9,243,125 336,659 9,579,784 8,719,926 319,002 9,038,928 |
|---|---|
Freehold land and buildings were gifted to the charities many years ago but the cost is now insignificant.
They are re-valued each year to the sum insured for insurance purposes. The effective date of the revaluation was 31 December 2024.
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15 Investment property
| Fair value At 1 January 2024 Net gains or losses through fair value adjustments At 31 December 2024 16 Fixed asset investments Fair value At 1 January 2024 Net gains or losses through fair value adjustments At 31 December 2024 17 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Rent deposits held PAYE owed Wages owed Accruals and deferred income |
2024 £ 4,229,600 268,467 4,498,067 Listed investments £ 107,709 7,712 115,421 2024 2023 £ £ 5,588 3,480 - 12,141 5,588 15,621 2024 2023 £ £ 1,200 1,200 683 - 553 - 2,460 2,591 4,896 3,791 |
|---|---|
19 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Investment Fund Buildings Fund General Travel & Overseers Fund Elderly Friends - Bray D'Oyly Adderbury Repair Fund |
Bal at Revals, Bal at 01-Jan Incoming Resources gains and 31-Dec 2024 Resource expended losses 2024 £ £ £ £ £ 24,581 7,712 32,293 13,296,482 42,857 (91,251) 809,323 14,057,411 1,180 1,180 68,845 (3,900) 64,945 305 305 13,391,393 42,857 (95,151) 817,035 14,156,134 |
|---|---|
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20 Analysis of net assets between funds
| Fund balances at 31 December 2024 are represented by: Tangible assets Investment properties Investments Current assets/(liabs) |
Unres Res Unres Res funds funds Total funds funds Total 2024 2024 2024 2023 2023 2023 £ £ £ £ £ £ 9,579,784 9,579,784 9,038,928 9,038,928 4,498,067 4,498,067 4,229,600 4,229,600 115,421 115,421 107,709 107,709 505,688 505,688 553,194 553,194 505,688 14,193,272 14,698,960 553,194 13,376,237 13,929,431 |
|---|---|
21 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
22 Controlling Interest
The Trustees of the charities are the entity's controlling interest.
23 Post balance sheet events
There have been no events since the balance sheet date that affect these accounts.
24 Capital commitments
The charities have no capital commitments at the year end.
25 Contingent asset and liabilities
The charities have no contingent assets or liabilities at the year end.
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