REPORT OF THE TRUSThES A14D
FINANC￿ STATEM&NtS FOR THE TrTAREF4DED 31 OCTOBER 2024
FOR
E ODtHAM cONSOL￿￿TED CHARITIES

CONTENTS OF THE FINANCL4L STATEMENTS
FOR ￿ YEAR ENDKD 31 OCTOBER 2024
keport of the T￿$t¢¢5
Ito7
Reportof the ]ndep¢ud¢nt Auditors
Statem¢llt of FiLwKiai Ac(ivitie5
8tolO
Balance S]vt
12
Notes to th¢ FiLancial Stste1￿
13tts23

IHE ODfRAM CONSOLIDATED CHAi¢rriES
REPORT OF THE TRUSTEES
FOR TrTAR EIIDED 31 ocfoBER 2024
Trpstees presettttheir annual ryrt tO8tther with the finao¢ial Statem￿ ofth¢ Cknity for theythr Èntkd 31
O¢tober2024.
a￿￿trtS aud cOll￿ty with the ¢barity's gov¢rning do¢uJnellE the Ch￿￿tieS Aci 2011 aud A¢￿￿ting attd
Reportill8 by Cbaritics: statE￿e￿ of RPLomD￿ed Pradic¢ appli¢abl¢ ￿ charitie8 prep￿]￿$ their ac¢ounts iJJ
¢ordatKe with tlke FiDaDciaJ Rcportitig Stadard applicable ill the UK and R¢public of Erlatsd pllblithcd xn
(knber 2019.
ofobjettfves witbill goverMiDg docvDAent
The bw*fit8rea of the ¢￿￿[ty15 the Parishof Odikn a2 ¢0]￿lt￿ted in 1931.
The AJDthouse BroLch is acttvity of tbe Charity attd out 26 Altntho￿¢s bave cotttiti￿ed to be well rull
and R¢sid¢nts Contin￿ to live haB uDlil the clld of their ]ives or ulltil th¢y need to tr8Jtsfer to a
reside￿121 care home. The tell￿¢ of nb)st residents is 20.30 yc3fS gnd two new resideuts joslled us during tbe
year. D￿d d￿OnStrateS a conts￿illE ￿¢d for almshouses f[0￿ those JiviDg irA th¢ Area of Benefit IAOB).
Sigvificatll investtllent io Luod¢rn kn"trbtn5 aDd bathroojD￿showtrs dwing rcccnt ye¥ts has paid divsdends as
a¢¢0Mll￿a￿tiO4 including our 0ri8ttiai listed buildiugs* aJe of a bigh stattdar& Out frcs for reSIde]￿ th¢
lowcst we know of in dkc viciDity. Our A￿house co1￿M￿lty malli8￿ and A&sistani Nl2naEer prn￿d¢ oTrsite
and on-call serrices for ow rc5idents dwing noEtDal hours, gnd 8Jl A]￿h0￿e$ b&v¢ ¢rn¢rg¢ncy pullcord8
coun￿tillg to a call ceDtre outside tknse hour5. Wt have * new state of the art careline call sy#em ill th¢
A]msboLL%es Coll￿le￿ Our CollmiuLtty Man&ger liais¢s wlth ￿e￿IVeS aTd Adult Seni¢es of
Hathpthire CouDty Couttcil when appropriat¢. We &spir¢ to Cater fer social needs a5 WCII as knusin8 ncc(k al
ow Co￿t￿￿Ed[d￿ cro* all attractive place forre5idelltsts look outupott attd sit2nd $oci&lise.
Ow social hou5in& rentrd to younger it￿l￿d￿al8 and raDr]￿ fromthe AOB are ir¢ hous]ng ¢ontillu
to ¢%Jjoy v¢ry low turnover with Taost te)￿llts sraying exce55 of 6 year5. These ho￿eS are Itt on shorthold
The ReIief iti Need (EIN) Brallch continll¢s to make ￿ and witbitt th¢ AOB. ChrI8t[￿ Gifts to
individuals in need iti att increwgiy cbantrlled thTougb ¢hurch¢s, foodbath. schools and appropt
¢briti¢5 aijd c¢rtifi¢d agencies itt tbe AOB. We continue to Jnak¢ to 13 Schools attd pxw¢hools alld
nursetie$ serviugth¢ AOB, thus addressitig educatioDa] nee(L
Aknb0￿ BTrttch will be abl¢ to fimd th¢ aquisitioD of fisrtbeT %)Gial ts) serye th¢ AOB Ihe
W¢ have referred to the guidaDce contsillcd inthe Cknity CoD]tDission's gener¥J guida4¢¢ oll pub]i¢ benefit whe
reiqeiwiIiK 0￿r 2iJw and objectives and iti pknin8 fitsjre activities. In particular. the Tn￿tee$ coL8idet how
pI¥Dned activAtieswill coLtribukts th¢ aitiLq axd objectives theyhave set
ID th¢ firtber￿ of these obj#tsY¢4 bvt not otknise, the powers of the charity OT¢ as 5¢t out in its
The a¢¢outLts separ&te the fimds atiributable to theA]rnsh￿￿ and UiefittNerd allJ)s ofthe C￿lLy.
Page I

THE ODiWI CoNSOtIDAf￿ C&4RiTIES
REPORT OF TBE TRUSTEES
FOR ThEYEARENDED 31 OCTOBER 2024
Property lettthg
The inveslmelltprop¢rty rornpri8ing offi¢c andretail shops * Will¢hesterrciLaill¢dfully letthroUgkn￿thCYW.
The Tngtees also rompler&l tbeir fjrst m*joT revaTDP of our six Bufion Field proptrties sittce thew wuisition in
2￿2. These prowties ru¢¢t a charitable goaI of rclicving housiJ)g ne¢d Thtiilst social hoDSiDg rettts th aJJ
ityfftt￿lltrlbll1[0llto the C￿lty.5 incoii)
The Trntstees we¥¢ plca8¢d thdt occupatt"onIates of all twenty six Almthusc8 tel￿aIll￿ higbthrougbout th¢ year,
dcspitt periods of vacant iellyre for spycific thoshouses thlloi4ryng deaths of ￿SId¢llts and subsquent need f
Si8Dificant )Jpdatw an6 Anolher year of higb maiuteDau¢¢ ¢xpetiditurey just uttdtr £150,000,
follov/ed r#ord wclldib￿t of £180.OOQ thlling the previuu5 year. This expenditsw¢ included plurDbiug &
heatin& liglLting. sigDage. landscaping 84d gard¢D4 roofing, guttuing and facia replacemenL windowryair4 at
of ac¢ornTuodationforresideDts.
The TThstees h&ve maititaincd 1Dv¢St￿ to ensure tbat & sufficient kvel of itico]ne 15 g¢nerated to fund tbe
owing need8 of the ¢￿Ity.
Re]ief N¢¢d I"RlN'
The Trustee$ #r¢ ¢ver mindfvi of tb¢ two arrtk% of th¢ cknity, the A]rosho￿ Brall￿ aTtd the Relief in Need
BrandL The form￿ 1$ w¢ll ¢Stab]Isb￿ in tenDS of the ptovisiou and maintet￿ttte of the Alr[￿0￿5£4 including
£70.000 per to r¢SiEve other fornjs of Le>J iu accord8t￿t our CharitablB Scb¢me. RIN expellditurc is
byjL¢en￿ from invcstnxcnts apportitjned to the RIN BrallcI which is sllpplemented by a T¢￿141 donation
by the Heruy Smith Chatity. TrLstCCs avoid aihllillistrative costs by ¢batsDelliug ]Dajor grants througb AOB
sthoo]s and local cbaTiti¢5. Th¢popuiation in the AOB Lxpanded steadily dww8Ie¢¢llly￿rs and th￿teS 8tE
I￿￿ep￿Ces8 of reviBWiDgRJNprote55es a￿lpE0cedweS to coDfiTmthe effjcwofpre8enÉ systems.
Th¢ TrLqlees have to support aid given to UkraiDian fa￿1]leS iu the AOB knugFL Chtrth
excellent Wardett TraDSitioTh and redefjtsition ofberrole has becn very Suc￿5￿1. Se￿l¢e$ residents continuÈ
to be tht rdt¢. A challge of tTtle aL)d ameud¢d job dtsttxptkon a]so cn¢otDPLssed delegation of routint
&int6n￿ ￿perViSio￿ and re&)rd kwill8, wbich bas r¢ti¢v¢d the load on trustees and eusw¢d thatren￿lIatioll
of estate iw]6s is more responsiv¢. The ¢wrent ACM is Lon.t¢sid¢utiaL si￿¢e she Lives in her fjwu bow Thuthin
theAOB., thss has allo￿￿ us to letthe *rnrden'sboLsE' ￿ at & social rtnt t¢ I¢li¢v¢housingLeed for afamily.
Finanel￿￿•s&tio
The eod of Ibc year saw rtSOW¢¢5 expe￿￿ ¢xtted total iDEQJll¢ geLeratrd in the year by £3.427 (2023 .
£82.8701. befo￿ llet ru]ised 8lld gaios ott ]trWe5￿. The chaty's fina￿tIal balance sheet h&5 betn
The T[￿$t￿S have retojjsidered their strategy aud a¢couDtiLB po]ieywith tegard to theva]uatiott of Bth Fields.
We referyou kn the a(￿￿tingpolIty audprioryear adju5l￿¢nt as referted to inNott20 otLpag¢ 21.
The accouutiDgpo]icie& adoptedw fiwtber these objectives ore set out in Lote l onpage5 10 to 12 of th¢ fEJancial
Printipal fuALding 5011rc¢s
Aside from a smau uuwbcr of donatio￿￿ of £9,35012023 - £17.773} the piincipal fulld￿g sources for the GhaTity
are CUt￿￿tlY by way of llwintella￿¢ fee5 derived from the Aj￿ho￿t8 £163.900 (2023 - £138,640) and
irnvesthwtstitiCOTU¢ g¢n¢ratedbythe iuv¢slmcntprtfo]io £239.789 {2023- £205.997).
Pa¥¢ 2

THE ODIHAM CONSOUDATED CHAXTIJIS
REPORT OF TRUSTEES
FOR YEARENDED 31 OCfOBER2024
we¥tJneDtpo]Ity *nd objettlves
The Tntstees hav¢ apolicy to tDailltsin itivestments to that a suffieient i¥Yel 0£]￿Orne is £ettetknd to futLd
th¢ ollgomg Deets of th¢ Charlty thTh)ugb thtur¢ ye&& Under the Trust the Chaxity has th¢ Wbwer to thake
aDy iivestmeat svhi¢h th¢ ttwtses see £t. Powets ar¢ d¢l¢gated to the fiDonce cojntijittee to work withthe ¢baTity
TnL%tees [C￿¢￿ed the role p¢rfontJaDce of both Sar&*L & Partners LtF and Rathbones hkYestsn¢nt
hknag¢mcnt Linjitea alld ar¢ satisfjed with th¢srpcrf0ry￿<.
Reserves polity
It 15 the po]i¢y of the Clanty to UDrestticted ftmds, which ar¢ the free re8etveg of the d)arity, at i I￿1
suffici￿t to cover llw)agemetyt alld athninitholl a￿d support cosrs aDd to r¢spond to emergency rya￿S durillg
the year. UDr¢5trict¢d finds were Jfaintsiu¢dive]l above this Jevel througknut the year to Cover en￿gentleS
fimjd wquisitionef soci8] ILOUSillg.
The Trustees remaiTr al￿t to any opportuuity to acquire forther iow-¢osi sDGiai housing to fidfiL its airns of
ti¢viAg Iwusmg need in the A02. Discwsiojs hav¢ romm6nced OL other propcrty oppO￿￿tiltie￿ duting the last
few yeats, but tbese have not Pto¢eded to dats. The tswstse$ bav¢ 5¢t w> & fi￿￿er wotiryDg w with Odih3
P￿]sh Council to Look tt new opporti]uiti¢5. Th¢ T[￿5 have built w sufficient i¢wv¢s in oThl¢r te be abl¢ to
firyl such an a¢wsitioFJ Wtthout the need or intention to borrow. It is noted that the Almskn¢ A550gia(ion is
lobbyitig stroJgiy for e]1￿1>111ty for aljllshouse cb8rities be ell￿ble for 8r8]Jts Homes Ellgl￿d 8DI
frn le￿all￿￿111es w also b¢ •vaxlable.
the ¢baTtty's aim5 lll acCOrd￿wIth￿rI¢Mit of thc RINBrattcb.
Governin% document
ThB Odib￿ll Cotssolidatrd Cbatitics i% a charity mpii8ing sevent¢w GhAriti¢8 wTh80lidatsd by the Chan"ty
Re¢ruitmentAnd aPPQiDtmeJt ofnewtrustets
Ch￿lty is governed by its 15 Ttustees. who are appointed by the Parsfjh C4)ullGiI orby the B02rd of TTTrStees.
itia¢cotdatr¢ Fith th¢ Charity's Scheme. TnT5tc¢s allhavc localkllowledge and conllectioDS alldrepreseDt a cro
s¢c¢ii>n of the colDm￿ty attd tb¢ AOB. The overall rttix of slsi]Ls and experieJLce of the Board of Trustee5 i2
reiry¢wed pcrAodicallytD er￿ arA appropriatt $paD ￿£b￿k￿ll￿¢ cotrpettncc ondn)otivation kn new trustees
-4 trL%tee8 are t¢Foptedbythe board for8 t¢rtn of S years.
.The cumt Vic8rofOdkn is ary¢x-oth¢io trotstee.
ThEre w48 no vaww as dt31st octob￿ 2024.

THE OD1&4M CONSOLIDATED cH￿TIEs
REPORT OF TEE TRUSTEES
FOR YEAR Er4D￿ 31 OCTOBER 2024
orgaxisxtioJj￿ strncture
The Board of Tmgtees, meeting nh)trthly, adDJilliSttrs the Charity and makes or ratifies all decisio1￿. A
bairyu8oJ atsd vice<h￿r aTe ¢lected anllually. CoLTJTDittecs over52e key 8spects of th¢ charity's attrvits
iu¢luditJg FiDatice budsctSDg and itivestTnents). Residcllts, WO￿ (Altkn t¢pair atmt
ma1￿￿) aud R¢l3¢fiti Need. Thc cbair of the FiDanc¢ Comtijitke ]# a]so dc¢tcd and ¥pointed anllually by
the b(iard of trustees. CornuJitt¢es submit retOLumendatiolls for dccisions to the BoBrd of Tr[LIt￿. Special.
puryos¢ WO￿￿8rOupS are cot)stiwtedto address specific projects orevents asth￿ aris
Day-ttrday 2dthinistration atsj ¢OmTDurriGaiiottis deEe8Ated by th¢ boatd to the Cl* Ms S Lain%. AnA]mshoLse
bbnager is employed to prffirydc servic¢s to the xesid¢nts of the Al￿￿Se5 and support th
R¢5idellts Salan"es ate reVIev￿ snuvally attd bell￿ nwked agairti tb•iti¢s of a SiTDiEar size alld
activity. Contra¢ts are let to witsbly qua]ified professiowl orgatiisations or illdiMduaL8 for fin8wial adviff,
Finau¢iaJ inve61m￿S are Ywaged by B3thbou¢ Invcstrt Managcmellt titoit¢d and Sarasin & Parttters ILP.
witIL both rtpottiug quart¢rty w the Finance ConuDitt¢¢. Day.tIHlay adrniDiStration ef ¢om]ller￿ propety and
Srtial housing (ex¢luditig knbous¢5) is Wmlenakenby 28¢nts.
llldllctton aDdtrgiuing of new trustet8
NtwtNstses uth80 an orientation stssion to brief them on their legal obligation8 under ch2ritylaw. the cottteot
of the TTh￿Derf the co]Lrnitte¢ and (kciSion￿aknlls process, the busi1￿$ plau alld i¢c¢nt finallcial perfoEman
ofthe dEaTity. Trust¢¢s encouraged to atteod appropIiatE exterllal trnining events th¢50 facfiitate the
uttdetststydiDg oftheir role.
Rejated pgrli£s ¢H*perAts with other
All Trustses EiYeth¢iT tim¢ Volwi￿1IY aTdTeceived no or b¢n¢fits from theirworkThith th¢ c]Jarity.
All that are reclaimed from thc Cknily are SBt out iJL Lote 8 to the acwuats. Any cOnt￿tiO[lI)e1￿e¢ll a
trustcc alld a service providEr rnust be dixclosed tt> th¢ bjll bEwd of trustets sn tbe same Fray as ally wntr&¢b￿l
iotithxp with a￿tea pgty.
Sally Tuoskll declarntioD of iltr￿est in r¢sps¢ct of her daugbt&s Ewe of Mores Cottag¢ aDd her Soll's lease
of ots¢ of th¢ Buft￿FirIapr0PertieS. She is lloi xtivolved any decis1onm￿￿llg7￿rB￿dtO these.
The TtusteEs have examitted th¢ Jllajor strdiegic. busitsess, and opcra(ioJJal risks wthick the cbarity f¥¢s
¢0DfJr￿that systems havebeen estab]ish¢d to ¢llabl¢regoIar re[￿$ to b¢prOth￿ed so that th¢u¢cessarysrq)s
be to lessen tbese risk5.
The Boardhave produ¢ed alld &dopteda diSaSterr￿Verypl&[L
PHg¢4

REPORT OF TIIE TRUSTEES
FOR THE YEARENDED 31 ocfoBER21124
Re*ter¢d Clwity llumber
238310
Regirtered otTre
The Stables
23b L¢Dten Street
Altojj
GU34 IHG
Bankj
L]eyd4 B#JJkPLC
174 FleetRoad
GUS14DD
Hsndclsbanken
Ap¢x Plaza
EorbwRoad
RGI IAX
Wykckn Court
VictoriaRoad
so￿ 7KG
Juxon Howe
100 SL PauL& ChurGbyard
L•ndott
EC4M 8BU
Page 5

E ODIHAM CONSOLIDAT￿ CHARITTES
REPORT OF TRUSITES
FOR THE YEAHKf4DED 31 OCTOBER 2024
R¢Y M Biancbi
MrJ CbauLPiQL Icbginwl
MT T Benford (Vi¢trCknainwl
MrN Osma
Mr5 E Weaver
Ms K Ball
Mzs L Blay
DrD Love
Mr C M Brook
Mrs H Barnacje
P V¢tdon
Ms S Rolfr
M5 S T￿￿tell
ME J RobinsOn.Gian￿l
Ms LNi¢E&>ls
Auditors
A J Bettllvwith & Co.
Upper Ground Floor
18 Fathlioad
Guildford
GUI 4XA
Pagc 6

THE ODIIIAM CONSOLtDATED CHABJTLES
REPORT OF THE TRUSTEES
FOR ThE YUR ENDED 31 OCTOBER 21124
STA]IMENT OF fRUSTEES' RESPOTrISIBILIIIES
Th¢ trll￿eeS are re9ponsi￿le for prcpaTill8 the Tntstees, A￿lla1 Report 2nd the finawial staiejnents iti awordaL¢e
Ih appJithl¢ law aLd regulations aTLd bDit¢4 A¢countio8 Stsndar(k (Untted Kwgdom Genttalty
Accepted A¢countiuEPrarti¢el.
year w]Ji¢h giv¢ a iThe atsd fair view of the statE of affairs of th¢ ¢b￿lty aJMJ of the incoAnittg rnurces aLd
appJiGation Ofrem￿￿5 of th¢ cIktity for tbatpcriod. InprewiDgthe5¢ a¢wullts. th¢ trustecs gre reqlli￿d to..
. sele¢t 5wtsble acmtiog poiici¢s a￿dthen applythem ¢ollsi5t¢lltiy,
- observe th¢o￿thodS alldprincipl¢& inthe Chsrities SORP 2019 (FLS 102}.
. mthiudgemetsts and accouthg estirnatrstbat are re&soDabl¢ andprnden¢
- sta¢¢ whether applicable ¥¢coullting stsndards have bets follow¢¢L subject to auy matrrAal depaTts]rr5 disclosed
and expJaiu¢d inth¢ fiDancial ststtmcDts
eoJtillue iti operntio
Thr 1nstee8 are wousibIt for keeping proper accounttog r¢¢ords that di￿10$¢ vith r&won8bl¢ at any
the fingnciaJ position of th¢ ¢harity 2nd eDable themto tbat thg accoullts co41lyw￿ththe eI￿ltieS AGt
2011. th¢ ChaT5W (Accounts and Reponsl R¢gulatioDs 2008 aud the ￿<>y1510￿5 of the deed They ￿¢ abo
resptsDATr*le for safesuarding th¢ assets of the cbarity ￿ h¢￿e for ts&iDg reasotsable step5 for thepreventiots and
deteotiottof fraud4nd other]￿¢￿￿11n(1t&
ApwY¢dby orderof theboard 0fts￿￿eS on.......
and sI￿d orLiLS behalf by.
J awnpioll. Chairn￿ ofthe Trttst¢¢5
Pw7

REPORT OF THE ￿4DEPENDENT ADDITORS TO THL TRisfEES OF
THE ODIHAM COI¥SOLIDATED CHAIUIIES
OpinloJL
W¢ h&ve audited the fj]hancial stat¢meth of Th¢ Othljath Con8oJidated Cbarities (the'¢harAtabl¢ compaDy) forthe
yegr ell<kd 31 October 2024 wbi¢h comwise the Statemem of FillallCi2J Activiti¢5, th¢ Balall¢e Sh¢ct and notes to
the financial statruKnts. itt¢luditig & sutLW of 5ignifieant accoimtin8 poli¢ies. Th¢ thjattcial reportjng
fcrnk that has been appli¢(t in tberpreparation i& appbeable l¥* 2nd United KingdomAccowtsing Srandards
(Uti1tedKingdo￿ Get￿llY A¢cept¢d AG¢ountinE Pxxctice).
Enour opinionthe fiuaD¢Sa] statements:
. Eive a true and faiI vivw of the tste of the cb3rttAbTe ¢o*s affairs as at 31 October 2024 and of its
incthllingre50wces 2nd app]iL*ion of resowcc5. including its in¢o]ne attd cxp￿dit￿re, for theye8r th￿end¢¢.
. have beenproperlyprep¥xed xll a¢cordanc¢with UnitfA Kingdom G¢n¢rallyAcceptedAc¢ouEtin8 Pra¢tsc< attd
- h&ve been ptEpatgJ in ac¢ordaLce Mththc requiTe]neThts of the Ckniticsknt2011.
￿￿15 for opi¥ion
We contht¢tedour audit in accordancewitb lnt¢rnati0n￿ StatslaTd5 on Auditiug (UK) OSAS IUK)) and applicable
law. Our respottsthilittes uttder tknse standards att SthlL¢r desc￿ed itt the Auditors r¢5POll5iTrilities for the auth"t
of th¢ fillaiJ¢ial staiemeats sectiOXLof DurryorL W¢ are indepelld¢nt of the thaTitsble coJ)w in ¥Gordance with
the £thicaL requlTrllj￿ts tbat are rdewt to our audit of Ihe fjnattcial ststem¢nts in the UK includitig the Flic's
Ethical Standar( attd w¢ knve fi￿filled otr Oth￿ ¢thicaL responsi￿lI1￿e$ IL a¢cOTd￿¢ these reqllwer￿ts.
Wc be]ieve tbat the audit evid¢￿¢ w¢ h&ve obtatixed is wffi¢ient aTKi ￿pIOpriate to proTrryd¢ a b&8is for our
Condu$lon5 relating to going conetrn
We bave uothiDg to rcport in r¢5pect of thc followlljg t)Mtters in ￿tstiOn to which th¢ ISAS (UK) US to
reportto youwhere..
. the trust¢¢5' use of the goin8 ¢onc¢rn b¥]5 of aGGountr)g its th¢ pr¢paTrtion of the fiwncial state￿￿￿¢8 is not
- the trust¢¢s have not distlosed io tht fjll&Dcial statements xlly Ad￿lified lluterial uucettiinties that may ca
¥igDifi¢attt dDubt Abouttht charitable compaoy'8 abijityto wlltinue to adoptth¢ goitig concernbasi5 of a¢couuti
for a period of at leasttweIv¢mollths ftomthe date when the fi￿￿￿]3] statements are athris¢d fot issue.
Othtr *DfortDation
Tt¢ tr￿t￿¢S are respo￿sibl¢ for tht other iDfoTDUtion. The other iJ£omtion QOEDPTiSES the iDfouDation inclllded
inthe atwu31 r¢por¢ otherthatsth¢ fillancAal st&tetDents and I￿Report of the tndependtntAuditortkn¢oTL
exp]icitiy stal¢diD oufTepo¢ we do not CXPEess anyfortll of Gon¢lusioLthere¢)n.
Ill ¢oDn¢¢tiO￿ with our of the f￿￿{&1 5tatemeLts, otr rwonsibility is to re4d the other itifonnation itt
kttowlage obtiiDed th¢ audit or <Ahe£wtse app¢ar5 to be jj￿terIallY misstaÉe& ￿ we idcntify tLWterial
incoDsisttllcie5 or apparent JjMter1￿ wisstatements. we are ttqLllred to d¢t¢xmin¢ whether tkere A$ * IllatBrial
missratertmt in th¢ finaLciaL statETneDts or a Jnateri#l Jni5StthBlltof tht other xtifoll￿tiO￿ If, based on the work
w¢ have performei w¢ conclude thatthere is a nmterial xuisstatement of thi5 other illfèrmati0￿ w¢ requaredto
reportthat f8¢L WehtV¢ Dolkngto reportiu tkn"s r¢wd
Matters on whi¢h Fe are required to reportby txtsptioD
W¢ bavE nothing to report xtt respect of th¢ followitig matters vthere th¢ Chatities IAct¢mits and Rep(rt%l
Reg￿lati¢ll$ 2(108 requires usto report￿ you if, io opinioJL
-th¢ ¢haritabl¢ cowyhas uot kept adequat¢ aCco￿tillg records,. o
. th¢ fiDan¢i81 stateJn¢nts notin agrezrnent￿th the 2ctouutingrer￿rdÈ 2￿d rtts]rn5" or
. weh*ve t￿tr¢¢t￿y¢d all the ithrthation and exp]aUatlo￿ we requre fori)w audiL
Fage 8

REPORT OF THE INDEPENDKbry AtiDfTORS TO TRUSTEES OY
Reyponsfibllities of thÈtrustÈes
As explaill¢d tllote fully ID the StatsLnrnt of Tnjstees, Respo￿1?1]]tt¢￿ the truste¢s 8te also the di￿¢t0[S of
thc charitable for the puryoses of conJparLy IAW) are responsible for the prep￿tiOn of the fijjatici
stÈtEments and for beiDg satisfied dMt they Bive a tu¢ amd fair vieF. and for 5uGh ithernal control as the trustees
¥dtth¢rduefO fraud Or￿[or.
tll prep*ing the fiJx*)ciAI 8tstemeLts. th¢ trustees are respon*ble for asse58?ng the ¢lwitable compa0￿5 abi]ity to
contiaue as a goiug di5¢1ossttg. as applicable, mttteT5 related to goiDg cojrn 4lld the go>ing
concern b&8is of t￿O￿till￿g udc5s th¢ trostees eith¢r intend to liqllidatc thc cbaritsble cotJpauy or lo cca%e
operatio]4 orlLaveno reaJi#i¢ #ltcnjativcbutto do 80.
Athr's re5ponthllitie5 for the *udit of the fmantial statemej
Wc havebcen appoiut¢d as alloit￿ Section 144 of the ChaTiti¢s Act2011 r¢port in accOrd￿t￿1th the
Act attdIelevantregulations mad¢ orh*v]￿ cffe4t therellttder.
Our objectives are th obtain rvdsonable &%suTrnc¢ aboutwheth¢r the £1￿)C1￿ mt¢m¢Dts &$ a whole are fr# from
]ywtaial ￿l&sta￿[Denl whetber to fraud or eror. and to issue a Report of the tlldep¢lldent A￿ditOrS that
incl￿$ our opillion. ReLsoD8ble assur&￿¢ is a high level of assuratt¢e, but is llot * 8IX8ratr that audit
onducted iti accordance ISAS (UK) will olways detect a Jtiat¢rial mi&8tatBmelltwh¢n it exists. MisstateD￿nts
L ￿lse from ftaud or error alld aTe cO￿ldered J)Jat¢tiaJ ]( indI￿dUallY or inthc aweg*, they cO￿d re450Lably
be expert¢dto li￿llets¢e the economic dEBi5ions of useLs taken OD th¢basis ofthese fillaLcA*i
JnE£lllariti¢¥ irLcludtDg frau￿ are instati￿$ of non￿oI￿￿11￿Ce with laws attd r¢gylats"ons. We desigry proced
in IiDe wrytb our responsibilities. outlin¢d abov< to det¢¢t n*t¢riai TDisststeTnents in x¢sp¢ct of illegnllaTiti¢s,
in¢ludits8 fraud. Tr ￿tellt to which oltr P￿￿¢d￿¢S arc capable of daecting i￿8￿)<1tie$. ltycl￿]]￿ fraud is
dctadedbelovr.
W¢ obtsitted au underthg of th legal attd regulatory that are applicabl¢ to the entity aDd
detemTued th¢ most sistiificant are thosc that r¢lal¢ to FRS102 Seetiou IAS p¢￿$10￿ laws and regulations and
re8ulation&
to acco￿ts attdpa)Toll serri¢es',
8n¥lyticai pio¢cdures wete ￿edt0 identifyxftkn¢r¢ v/¢re anyUL￿$￿al orUnexpthdr¢l￿i0ll8knVs;
Based on th¢ results of our iisk asse&sllrnt wc dc5igned ow audit procedL]re5 to identsfy now1￿0￿0]lance with
suchlaws aLKi r¢gulatt"ons identified above.
tr£ rvview of Tru5t¢¢ minutes and othu papas providE& There w4$ llo ¢ontradiaory ¢videntt.
We coLsideTedthe risk of fraud througb Tttanagement oYeEtide rewnse, we t¢stillg oftDanuai
jOWDal eJJtri¢5 into ow tudit appToaclL We te5t¢dy¢ar end jou]lla]s a5 well ￿ journal 6ntries thmugboutthe year.
There wer¢LO ttaDsaGtious id¢ntified Olltside theJ]ormal COUT￿ ofbusine&s.
B&%ed on tbE results of our iisk a55¢&8ment we desigucd our audit procedutts to idetEtify and to adthes5 Djateri
JiS5tat¢mellts in relation to fraud We illwrporated att el¢DKnt of ullpredictsbility ill the seleciion of the tsature.
soutC¢ IDfornMtio
A fjjrtber (kscnptti)n of our reSpo￿bilIti¢5 for the t￿11 of the finatt¢ial $tatBments is locatrd oa th¢ FinallCi31
R¢portinE Ctruncil'5 w¢bsite at www.frc.or8.Wauditor8responsibiJitrs. Thss desaiption fonns part of Report
ofthc Awlitots.
Pag¢ 9

REPORT OF THE JfiDEPEF4DENT AiTDrroBS TO TRUSTEES OF
TEE OD]HAM CONSOLIDATED CHAIUTIES
Because of the inberffjt ]imitstions of an audii there is a xisk that we wAll I￿1 d¢t¢¢¢ all i*p4 in¢luthg
those leading to & njaterial misststeznent in the fjn8n¢t￿ statefflcllts or Don-cotsip]iaJ)¢e with tegulatioL This iisk
inctekst5 the rv)re that ¢ompJiaur¢ with a law or regulation 5$ rejnoved from the events aDd trgjjswiens reflected
in the fit￿￿1&1 statetyems. as we will be legs JikBly to b￿Oll￿ aware of iDStances of non-conJp]iallce. The risk is
conc£aiD)ell¢ forgery. collLs1o￿ owi5sion ormlsrepre￿.
Use of D￿rrepOrt
This r¢portis n￿de Éolely to the challtys tsTstee4 as a body, in aG￿rda￿e part4 of the Cknities {Ac¢oitllts
and Reports) Re￿￿tiOnS 2008. ChJtauditworkha% been uudertkn so that wemigbt statt ID the cbarity's In￿etS
thos¢ matters we are tequiredto tste to thcm ia att audityr's report and forno otherpwpo$¢. To the fojltst extent
pellllitted by laF, we do not accept or&%sume resPO￿￿1]ity to otts¢r the cbarity 8x¥I th8ritrf8 In
as a body, forout auditwork for this r¢poffj orforthe opinionsME have f01n￿d.
AJ & Co.
Upper GroundFloor
18 Farnh￿] Road
GuiMford
Surtey
GUI 4XA
Date: .£3...... ........ ......Lo.ss............
Eli￿let0
aLau&toritsterns of S¢¢tion 1212 of the Compatiies A# 2006
Page 10

sTATEL￿ENT OF F￿ANCIAL AC]IvmEs
FOR YYAREF4DED 31 OCTOBER2024
2024
2023
As ￿e$￿ta
Total
fijllds
UJArestriet¢d
Totsi
INCOME FROM
9150
l7,773
176.353
168284
Charstsble actiwties
209506
194,183
209506
194.183
TotAI
403,689
9JS0
413,039
361410
Raisittg fuuds
CkLarltAbk adivities
c￿lIabl¢ adivities
J3J77
13077
61.178
280555
48,506
60,678
280A55
48AQ6
74.Q28
1,857,708
49.996
74,08Q
lJa50
403,116
13J50
41&466
1042,962
N¢tinc¢M￿{eXpendit￿re} andnet]nov
in fiLds b¢for¢ 8aiDs and losses on
(4000)
(3,427) (1,680,552)
Nd ga￿￿O08Ses) oLtttvestments
447,533
447533
8.450
NET L¥COMFJO)EFlCfD
448,106
(4,IM)O)
44<106
(1.671102}
RECONCILL4TION OT FufqDS
BalxlltÈbrollght forsvArd
8103 987
5,Il•J60
6,782.662
Bglajjce earriedfoY*ard
5A5LIJ93
73
5054,666
5.110.560
Pagell

ODIHAM CONSOLIDATED CEARMES
BAWCE SHEET
AS AT 31 OCTOBER 2124
2024
2023
Total
Totsl
Not¢s
Tawble assets
Invéstments
li
1,027990
1.027990
I,Q27,990
12
13
2J6A489
750,000
47N479
U6W9
750,000
4.74£479
1663.755
025.000
4,316.745
Debtors
Cath atb¥llk4nd on hand
15
$3.903
805.135
53,903
807.708
38,956
827,873
2A73
859,1138
4573
861.611
866.829
Amollllts falling duc WAthin onc year
{￿￿24)
151,424)
{73.014)
NET C￿￿￿T ASSETS
807.614
¥73
810,187
793,815
r4ET ASSETS
5552J193
2.573
5A54,666
5,110.560
17
A]m5hous¢
Re]lef kn Need FuDd
3.783A81
Iffi74.090
94.422
2.573
3.473,775
1,547,424
81788
6,573
TwoFold TrustFund
TOTALFU14DS
5554.666
5.110.560
Th¢ fjnallcial sr2temettts￿re approvedbythe BDard ofTnJstees attd autknris¢dforis8ue on... ...
pndwere its bQh￿fby'.
Page 12

ODIWI CONSOLfDATED c￿4Rrr￿S
r40TES TO FINANCIAL STAITMEMS
FOR 1WÉ YEAREf4DED 31 0￿0￿ER2024
I. ACCOIJF4TING POLIC]ES
Basis of preparillgthe financial StateD￿ts
Th¢ Odiham CoJJso]idated Cbarilies xs a ¢haTity ¢ompr]Bi￿ seventeen thilies ¢onso]idated by the
Charity CotiJtiwsionaE S¢h¢me 1993. The Address of the tewtered L5 The Stable4 23b Lent¢n
Streti Alto￿ Flan¥)shire, GU34 IHG. Th¢ nabjre of the charity's operations aud principal activities
aTC thcprovi8ion ofA]m5bowe5 alld reliefiti yA¢¢ditL the of Odllwtt 2$ tQDStithted in 1931.
The dwity Coll￿1t￿ a pubIic benefit cLtity defined by FRS 102. The fjnallcial 5taternents bave
beffj ￿pared in accwdance with A¢countingand RcpDrtill8by Ch•i*ies: Stattm¢ut of Rc¢o]Jynvndcd
Pr8¢ti¢e applicable to ¢knities preparxtig their aeeovnts ill ac¢otdallce Nvith the Financial ReportiDg
Siandard applicable IJJ the UK and R¢pub]ic of Jrelattd issued in O¢tober 2019. the Fi￿￿la1
R¢portitig Stalldard appJic8ble in the ULi*d Kingdom and Republic of Irelgnd (ns 102). th¢
Chariti¢5 Art20RI andUK Geuedly Accepted A¢¢ouDtiLg Ptactice.
Thc fingjciai State￿ents have been prep￿￿ to give a a￿1 fgir. vRew and have dwted from the
Chaxxties {A￿ounts ath4 Repo￿) RBgUlatio￿$ 2008 only to the oxtellt r4Uited to provlde a'ttuc attd
fair Mev. This departure iovolv¢d followins tbe Accounting gDd RepokttiE by Chti37ts¢s:
State]u¢tst of Re¢0￿)[Dended P￿tice 2pp]icable to charitics prepaTiD8 their accDunts in a¢cordall¢e
viith the Ftllaticiai Rep)ttsug Slandard app]icable ittthe i)K and R¢pub]x¢ of Ireland issued iu OGtob¢r
2019 rath￿ thall the AccouutiDg gjxd Reporttu¥ by Cbariti¢s'. Statefftl￿ of Rec(>rom¢ndd Pra¢ti¢e
¢ff¢Gtiv¢ froin l April 2005 whiL* hLs sinee been withdrawfy
The financid 5tateLMts are prepued ory a gomg concern basis Tmder the histori￿1 cost tonveLtio
modified to include cerixin iten)s ai fair value. The fiD￿claI stat¢m¢tts gxe presented iti sterling wbich
The Signthcant accottntinE poIicic5 appjicd ill the prepardtion of these fjuan¢iaE ststeJnerAts ar¢ sct out
below. Th¢s¢ policies have been cotisis*appJiedto allyearsprnt¢dwl¢s8 OtbeTvrise stated.
Slgnifvut ¢sti￿ateS and judgements
The charity is requirel applJryD8 its aceoutikng policie4 to make certtits JEWJg￿1¢￿É estIn￿e8
aud assoGiat¢d a￿%￿MptiOnS ielatillg to a5s¢ts. liabi]ities. iti¢4)me, and weThth"thre. jud¥¢ffj¢Dts,
estimatcs and &s8ociatcd assw0￿ are based on kn¢)rnkL¢p¢ of cuts¢nt facts and ciTcurD3tances.
assumptions ¢oncerDiTh8 past events and foreA8ts of ftstLsre ¢v¢nts atld actio]￿ Acbjal re8uIts m*y
differ frotn the esiimatu stated foT tkn proviSiODS relating to propety thlapidatiow the ￿tfi
ecoDOmi¢ lives of the ta￿1￿1e L%tts.
ILvestrnextincDme
Investment income is for OL a r¢ceivable b&%is (this wvers intew divida¥Js and
frDtnitsvesttne4Jtpropertses}.
Donations and grattts
Incom¢ fronk dotstiolls and illcluthg MPitaL grauts, is inci￿led itt ittoJJJiD8 rcsources
thege are rx¢ivabl¢, except as follows..
>When do]￿rg SPEcify thatdonatioas aLd gtaLts giv¢u tt* th¢ charity Ill￿%tbe accoulltillg
p¢riods, the income is deferreduntii th05eperiod%.
>When d¢JJors iJllpos¢ ¢oDdstioL8 hav¢ to bc fvlfilledbefote the chaTity becomes entitl￿ to
5u¢h inconTr. the 15 d¢far¢d and not ittclllded iA itt¢oming r&sout¢&s uJJtii th¢ pr¢-wndition8
forusethave beenmet.
PWPO8e4 whioh do not a￿￿ullI to prfrcollditions re88rthng eutitl¢xtL¢nl this tllCOTne is itidud¢d irA
i￿ornI￿gr¢S0Vr¢ts of restiicted firAd5Btenreceivable.
Page 13

TrE ODIHAM CONSOLIDATED C￿￿RITIEs
NOTES TO FINANCW STAITMENTh. cof411NUED
FOR YEARENDED 31 OCTOBKR 2024
Itstattgible %ll¢ome, wkich CODJPfiSCS dtsDat£d serrice4 i% inclodcd ID incomE at a vabjatiott wkni¢h is
estiroth of th¢ fiuan¢ial eost bom¢ bythe donorwh¢r¢ such a ¢05L is quaAtsthle aDd measurable. No
in¢oItiE 15 reco8Dised wh0th￿t is no financial cost boKJK bya thirdpty.
terest r￿ely￿ble
tnkr¢5t 15 included whenT¢c¢ivable bythe ch8rity.
RestsuTW eweuded
LIab￿ltieS are Tewgihi5ed as &wditure as 8oou as there As a legal or ￿T￿trUCtIVe (>bJigatiotk
cuullDilting the charity to that ¢Xpetidlb￿e, it is probable th4t 5¢ttleD￿ttt WAll b¢ r¢wd and the
amovntof thc Db]igation beme&s￿ar¢IlabIy.
kesowces exp¢ud¢d are iJcluded io th¢ stateEt￿llt of FiD2ncial Activities on ￿ a¢¢nJals basis.
inclusive of any VAT Ththi¢h ¢aTWt be￿covere
Certsin expenditure is dittttly attnlDtable tLI specifi¢ a¢uviti¢s and h&8 beets i￿luded in those cost
categoziEs. Certain othEr costs, wkn"¢h uc *tributable to nwre thau on¢ a¢tivxty, are apportioned a¢tQSS
e05tcakwi¢s on thB b257s of an estijnate of the proporttott ofiim¢ spent by on those a¢tiTritie&
Tan￿ble fjx¢d #5sets
Th¢ properries. which are ]isted buildi￿ Itgarded a5 in4li¢nabk al￿ the Th]stees considex th¢r¢
is no vahution rttetknd tb* ts appropriate QT r¢l¢vant FRS 101 Th¢ hJstoTi¢ cost attrjbuted to
the propetyis b¢li¢v¢d to represetsthistori¢ smprovemEuts to the Almshouses. Th¢ Tn￿e8 aTe oftbE
opillion that in the abs¢ts¢¢ of an unasGCrtainabl¢ mrtet value fb8t the propery shoukl b¢ st8t¢d at
hiEtoric cost. The buiJdings have a v¢ry long llgeht Jife and both dewxi8t%oll ¥md 2ccuthulat&l
depreGia¢ion arc ttotconsidere(tmaterial.
The buildinES V￿re valucd at 30 Juue 2022 for ]J￿ratiCe PUT[￿¢5 *L athild cost of £4.845246. It 18
th¢ Cb8rity's practice to maiDtsiL this aF5¢t in a continual *t¢ 0£ soulld repair and to tt)akc
iD)provcmeLts as approwi* atsd acCord￿lY the TnJst¢¢s wnsidw that the vth is not by
the pa￿se of lime.
vcstnxetsts a forn? of basxc fmancial iDStn￿￿t 3]rf are iD&tiaity re￿loiSed at their tr82ksactton
val￿t and subsequentty If￿as￿ at their f3iT value as at the b￿all¢t 3heet dat¢ using the closÈtig
quotsd rttark¢t pric¢. The statement of fL￿n¢181 aefivxties illcludes the net aLd le￿¢$ aTi5iDg on
I¢valuation and dxsposlls througknutth¢yrar.
Thc Charity does not acquireput Optio￿ d¢rivative8 or other conwlex fill4￿i￿1 in5tiunwtts.
Tr rnain form of hancial risk Faced by the ch8Tiry is that of volattlity iu cquity JnaTkets armj
ittvesttryqts watk¢ts due trj wider ¢Gonornic conditions, the attityjde of illv¢stors to investtwtiis¥ attd
in sentirtient CQD¢aDing equiti<s and withiLpa￿llIa￿SCGt0rS OT sub £ectoTh.
When possibl4 th¢ iDvestmeKrtpropety are measltsred at f4ir valu¢ at each rwrbng date with Ehang
in fyir Value reeogDised inDet g3illsIOos8ts10fj 1llV¢5t￿￿nts inthe wtrmellt of fjnattcial athitie5.
tn a¢cordauc¢ ￿th Clmzities SORP 2019 (FRS 102), a reliable rneasur¢￿ of fait Value is not
avaiIable the invesiment wopety is held at tts ¢atr3ryDg the ]& d&tt the &%get Wds r¢]iably
Cutrcllt wets iJKlude short twm bigMy ]xquid illvestroents attd at¢ at fair vakn& Th¢sc in¢ltwle
¢a5hon dq)osit and cash ¢quivalent with matiuity of less than l year.
TgxalioD
The Odibam CoLsolid&trd Cknities is an exewpt charity within the ElleaniL8 of 5Gb¢dule 3 of the
Cbarities Act 2011 and it ts Gfj])5idered to pass the tests sct out m Paragraph I S¢hedul¢ 6 Finance Act
2010 aDd thetefott xt meets the de￿ItiOn of a cknitable cojryally forUK ED￿o￿tIon￿YP￿pOs¢5.
Pkge 14

THE ODIHAM C014SOLI1IAT￿ CHARITIXS
NOTES TO TEE FINANCIAL STAT£MEN13. CONTINUED
FOR THE YEAR ENDED 31 OCIOBER 2024
Rentsjs payable slld r￿giVable under opcratillg le&s¢s arc ¢harEed to tb¢ st￿ell￿t of Fioallcial
Actiyities as incwred evettb¢ t¢rn) of the leLs¢.
allchl iustruments
Debtors and crcditors receivable or payabl¢ witb]n one year of the repottillg dat¢ are carried at their
tiuus*ioDprice. Sknuld any 105se8 bc incurred as arestslt of impaIrn￿ll thesewouid IK imm¢¢Jiat¢ly
Tecogtti8ed ¥ IAlJ¢rop¢ratillg expeDges ill the Statement of FJnaJ¢ial Adiviti¢s.
Fnnd accounthg
of the g¢J¢ral objectiv¢é of the chatity and which bavc not IKen desigttat&l fot oth
putyo$¢s. UDr&8tri¢ted futNJs include a tevaluaiton rcserve representing the restatewent ofinvestme
assets al￿£￿¥￿ut$.
Restricted fjjryds subjecttyjts restrictions ott their ¢xp¢nditUTe ilwed by tts¢ dollur orwbich have
be¢nrai8ed bythe ¢harity for P￿[GU1a[ purposes. The cost of raisiLg ajjd admill￿ai￿g such are
¢hatged a￿stth¢ specifi¢ fuDd.
Re4]Bed g¥ins atta lo¥es
AJI gains and 10&8es are takeTLto the State￿¢ of FITr￿¢1￿ Acttvitses 4s th¢y ￿lSe. Re3Ji5edgaiJJ5 and
losses inV¢StJn¢nts are calculated as the diffe[￿& b¢tw¢en sales proceeds and their opeDiDg
caTry￿Ig value or their PUTchasc vaIue if acqkn￿ed 5obsequellt to th¢ first d&y of the finaD¢ial ye8S.
Unrcalised 8aiDs aThd losses are ￿1¢y18t¢d as the diffErEllCe bctweett the fair v3]u¢ at the Year-er￿ aT¥I
their caxryryng value. Reaiised ￿￿¢4115¢d llLvtt4tt[￿L gai)Js •nd lossts wmbintd in th¢
Ststcment ofFinan¢ial A¢tivitics.
Pettsion5
Th¢ charity operates a defjneLt ¢oJthl>utiDD P¢nSiOtt Schertte. Thc ass¢(s of the 5chera¢ are held
separately from those of the ¢haThty in an indepeJjd¢￿IY adiDiDistered The ptssion cost cb2rge
r¢pre5euts COtitsibution8payablc bythe charityto the fmdaud ?￿o￿￿ted tyNtL12023: £142).
2024
2023
163JOO
45.61J6
209506
138,640
Property incotne
176J53
3. INvEsTMETr￿ fNCOb
2024
2023
72.990
84253
175
30.190
194.183
73207
78371
3.424
11682
168284
Dividend8
DepositaxouDtiDtcrcst
Liquidity fundporrfolso ititer%
Page IS

B ODIHAM CONSOLIDATED c￿$￿￿Es
FOR THE YL*REf4DED 31 ocTOB￿R2D24
STNC F￿5
2024
2023
asrestst>l
Brokers costs
Propeny agent fKs
7837
4ffj80
1260
13J77
6.467
6,360
48.351
61.178
CHARllABLE AcfIviTIES COSTS
2024
2023
ward¢￿ sa18rie8 peo5ion
31,643
32,314
737
7,424
(314)
1502
4.0
180.318
5,975
4,830
808
16,402
29,016
45,064
49.996
1597.682
8,QlS
24,728
1975
5,117
17£667
7.170
3,238
8n
19286
1(028
5&000
48.506
Lxgbi attd heat
Telephene
Repairs and refiJrbis]Jtrnts topropety
Agent ftts
Carelme costs
Gifts (as stated illllote 9)
GTauts aDd dollatiolls {¥ stst¢d innote 9)
GOvern￿e ￿$ts l¥s ststed in Dots 61
Revaluations topropery18eB uot¢ 20}
403,089
1981,784
Relief iti Extraordillary
Need
R¢p&irs
Charitsble a
]ita8
warde￿ sa]aries aod pellsion
23.444
,199
13,328
47.350
12.568
Gvvernance costs
(hhercharitable activiti¢$
35,938
248,912
3Q8.294
81,445
TwoFold
Trust
Henry Snxth
Totals
31,643
13J28
60.700
48506
Grants atsd donations
Governancc tosts
4,000
9J50
4.000
9350
403,089
Page 16

ODIHAM CONSOLIDATED CHARtriEs
FOR THE ITARENDED 31 OCTOBER 2024
GOVERNANCE COSTS
2024
2023
CI¢Tksrnouieratii)n
Auditfee5
I￿￿￿ ondpEOfe&$A￿aI f¢¢s
BaDkcbargeE attd inter¢st
39,02
5,4011
3,060
1,026
48J06
39.340
4215
1,041
49,996
Rdiefio
Need
Ch￿lf#ble acliwties
jit
Totals
ClerksTemuneration
Auditfees
l andprofessio]hal f¢¢5
charges aLd interest
28.910
4.001
2267
760
io,iio
1,399
793
266
39.020
3.0011
1,026
48￿06
35.938
12J68
7. Al]D￿OR's REMITrTrRATION
The auditols re[nUn￿On COn5tiDJtcd ￿ audit fee of ￿,40012023. £5,4(KI)
8. TRIJSTEES, REMUNERATION AND BENEFITS
Thet¢ w¢r¢ tr￿¥1¢¢3, reMun￿on or otherbenefits for th¢ year ended 31 October 2024 Yu)r foi th¢
ye8rellded 31 OGtob¢r2023.
Trustees, e4>th$es
There W¢￿ no InL8tets' exp￿tS paid for the y￿r eod¢d 31 OGtDber 2024 nor for the ycar cnded 31
October2023.
9. CRANTS AM) DONA]IONS
The foliowfttt%8r4uts and donatioLs wetetrAth duringtht y￿[ to 31 Octob¢r'.
2024
2D23
Educatiottalld
49,0(N)
9.OlJll
36,900
8,163
15,925
J3,092
74,080
33IMI
74.028
Page 17

THE ODIHAM c0fisoL￿ATED cHA￿lII￿9
NOTES TO THE FTr4ANCtAL STATEMENTS. cof4TINU
FOR YEARENDED 31 OCTOBER2024
10. STATW COSTS
2024
2023
Wages artd saiaTi¢5
Pensiott contributions
30243
32,172
142
31.643
32,314
The 8v¢rag¢nM)nthlyttusnb¢r of emp1try￿ duting theye8r vrds as follows:
2024
2023
Eull4ime
11. TANGIBLE FIXED ASSETS
Freellold
Property
cosr
At I Nov¢mber2023 and31 O¢tobtt 2024 [￿ restated)
ET BOOKVALtrE
At31 October 2024
LI27g9D
At 31 October2023 (as r¢5thd)
1.027.990
All assets in¢knd¢d inlbetawTrle fixed asscts artthB A]msbauses in use forthe Clarity.
Ail of the ptopgrties Ol￿ed bythe CbaTity aT¢ nowheld bythe Official Custodian of Chartts¢s.
12. FIXED ASSET INVESTMEf4TS
Listed
Un]isted
Totsls
At l Nov¢mi%r2023
2,663,755
290,834
(310,500)
322.400
I,￿0,489
2.663.755
290J34
(310500)
322,4
Dispo5a15
N¢tg8]DsIOosscs} oninve51m¢Thts
31 October 2024
U66089
rqET BOOKVALUE
At 31 O¢tob¢r2024
2J6(489
2.96A489
At 31 Cthber2023
1663,755
2.663,755
Py18

THE ODJHAM CONSOLIDATED CHIBIIIE$
NOTES TO TKE Fif4ANCIAL STATEMENTS. CONfiN17ED
FOR YL¥R EE4DED 31 OCTOBER 2024
IL FtKED ASSET INvESTME￿IS. ¢ontillued
There wtr¢ llo iThve5thmta4ets OT]tside the U
AJI are carried at theirfllir valu¢. Investrttetttin equiti¢s audfi¥¢d in¢¢rest securities ar¢ all
traded in quoted public llL4rkets, primarily th¢ London Stsck Exchange. Hold&Dgs in ¢onJm
inV&4tre￿t fimds, ￿)it In￿ *Ld ope￿d￿ irlvesEt￿ctst ¢oll¥aDies are at the bid pri¢e. The b&sis of
fair value for quotrditivesbnents is equivaltnt to the Tnrtetvalue, th¢ bid pric& A<*t sales aLd
purchases of¢Te¢ogDiged atth¢ dat¢ oftade at cost {thatis th¢irtrausactioJ) value).
The maitt riskto th¢ charity fi[￿ncIal Jies in th¢ c4)Mbl￿tioll of unCerts￿l￿v¢sttllej
Lllarketq and volarf]ity iti yiel(t The Tntst ￿anage$ these investoxent Ti5ks by retaijjittg expert advAsors
atsd op¢ratill8 all inv￿eLtpolitty th3tproiide8 for ahigh dew of div￿gIficatiOn ofholdmgs V￿thi
investtllutt ￿et class¢s tkntare quoted on a t￿0g￿"sedsto¢k exchallge.
Th¢ followiDg illvc5tsllents are over5Y• of thEPOrtfohobyvaLue.'
- SaDSiTAEn(lOwtt￿tFUt￿I cla￿ A rNc- Markntvd]u¢ £1,225.544 (2023.. £1.(V4.543)
- S2rasirL GrovthFulld-A Nc-market vaiue£538,16912023.. £463,023)
tncluded iu shar¢5 ¥nd secwities are £JOI683 12023: £145,622) f￿dI￿tereSts¢cUrits2￿.
FAIRVALUE
At l Novaub¢r2023 (as resrated)
625,th1
125,QOO
75Q.000
At 31 October 2024
r4ZT BOOK VALUE
At 31 October2024
750.000
At 31 October2023 (as re￿at¢d}
625,000
The freehold prnpety at 1691172 High Street WLtrh¢st¢r wa5 vthttd at fair value of £750.000 {¢ost".
£440.000} by Curthod & Co. Cbanered SuTv¢yors during the yeat to 31 O¢tob¢r 2024. This T¢pf¢5¢nts
attdwTrJsft of £125.0￿} diwthcyeaT.
Alj of the pr4)erties by the a)arity atettowknld bythe official Custo(th of Charities.
Page 19

FOR YEAR Ef4DED 31 ocfoBER 2024
14. OPERATINGLEhSE
The fable sets ouLamatwity ¥aBlysis of le&sepLyJMts to be recetved afterthe end"
2024
2023
Within one y¢ar
Ber*ten one andtwo yea
Be￿ rwo aud y¢ars
Afterftve yea
84,707
55350
Ilfy745
29,41
286.212
76.534
55,350
134.045
67.460
333.389
15. DEBTORS: AMOUNfs FAlL￿4G DiIEIIITEIN YEAIi
2024
2023
R¢otal d¢btors
22J86
2Q417
4JOO
53903
11517
21,939
4.500
38,956
LoaDS
Inchd¢d within debtors is a lo￿ tDade tti an eldedy residellt ill Odkn in January 2W23. The loan i5
repayable upou th¢iT de￿ and a¢¢n￿ ititere$t daily at ititete$t rate d¢t￿Ill¢￿ by the RPI All
Items IndeL
I& CRED￿oR$. AM01Tr4TS FALLThGDtIE wrrlliN ONE YEAR
2114
2023
Othtrcredito
2013
4,823
1768
54,281
11,142
73,014
35,082
&675
51.424
17. MOvEMEr￿ IN Fuf4DS
Net
At 1.1123 mDYtWEnt'
rest*tsd
TTawfer5
At31.1024
¥73,775
1447324
82.788
5,103387
3Q9,806
126,666
11.634
448.106
3,783581
1,674,090
94,422
5J52,093
Rdiefln N¢¢d
ExtraordillaryRepa?r Fund
Restrktodfunds
TwoFoldThJst Fulld
HemySmithFuttd
573
14.QOO)
573
14.000)
2J73
TOTAL Fuf4DS
5 110 5611
Page20

E ODIWI CONSOLfDATED CAAJiTIIES
140TES TO THE FJTrIANCIAL STAT£MENfs. COl4TDIU
FOR THE YEAR ENDED 31 OCTOBER 2024
17. MOVEMENrJr4 FUNDS. Coll￿￿¢d
R¢soDrees
ejytthded
lossés
Utre5tri¢ttd funds
343.093
6V96
1317.953)
(88163)
284666
151.233
11.634
447533
309.806
12Q666
11.634
448,106
Rejief Jn Need
4P3.689
{WJ,116)
TwoFold Tn&FuDd
knith Fulld
(4vo•)
9,3511
{13JSQI
(4MIO)
50
9a50
(4,IMJO}
TOTAL FUNDS
413.039
(416,466)
447.533
444,106
Comparthkves formoveDMtill fat￿ (as ￿Stated).'
N¢t
Ail.11.22
At 31.10.23
Unrestricted fv
5,063,759
1,577,043
141,860
6.782,662
{1,049.984)
(29,619)
928
,000
3,473.775
1,547.424
82,788
5,103,987
Re]ief In Ne
(60.000
(1,678,675)
TwoFold TrEL￿tF￿lld
Hetsry s￿ithFU[1d
6,573
6.573
6.573
6,573
TOTAL Ftlf4DS
6.782,662
(1.671102)
5,1 10,560
NetnwveAnent in fiJnd4 included ID the above gre ts follow:
expeTrded
losses
Unrestritted fullds
AID)sbouse
Relief SnNced
308298
47.539
(356,361)
(88,919)
11,601.921)
11,761
928
(1.649984)
129,619)
928
355.837
1445,280)
(1,589232)
11.678,675)
RE5trActed fDnds
TwoFo]dTrustFund
HeDrySmithFwd
6,573
11,200
17,773
6,573
(112QO
(11,200)
6.573
373.61Q
(456,480)
{1.589232)
(1,672,102)
Page 21

THE ODIHAM CONSOLIDATED CHARITIES
r40r£s TO THE FllNANC￿L STATETr￿ENTs. CONTIN
FOR TEE YXAR ENDED 31 OCTOBER 2024
l& ExfBAORDINARY BIPAIRFuf4D
Tbe tNstees tllxintsill aTes¢rve W entitled ExtraordiwRepait forthe purpose ofpromthg
Branch ina¢wTdanc¢ with the 1993 Tn￿t De¢&
During 2023, & ttallsfer of £60,(KJO was ￿llde fton the fjjnd to thE AJnvhO￿eS fund to cover the
2024
2023
Bala￿e brougbt forward
81788
11.634
141.860
928
60.(
82.788
94422
19. RESTiucThfJ Fuf4DS
The 1n￿etS cre*ed & resttiCt¢dfim¢ entitipA TwoFold Tr￿t Dwillg the year ended 31 October
2023, a oonation was retÈiv¢d on thc np of the TwoFold Ttust Charity. This dollatioD is
rtstri¢te4 to ¢w￿dIt￿r¢ on ber￿fjthtig the eldcrly I￿ the Odihan are& Dwing the year £4,IKIO12o￿..
¢ives a doxation from The Hellry knith Cknity. This donation is rcstri¢trd to expe[￿l￿re oll
b¢t*fittiDg ¢th￿atiO￿ in the Odiharn are& Every year, th¢ C￿lty p&sses this dOllati￿ iti outo
schoo]s in Odiban
20. FXIORPERtOD ADJUSTMENr
The CS)arity invest¢din low costhtsusing througban a￿et￿rut￿l& a developerxti 20WI3. Thc book
Vab￿ and costtbett w¥ £658 J18.
Wh¢u th¢ properues were t4Lt4)Ictcd and tr*iy for l¢tii¥ they were frff¢￿a at truly affordable teThts
key Work￿ aud young¢r adults coDne¢t¢d to th¢ At¢a of Benefit. This was iutethd to ￿ab￿
ctaqsm appJicaDts to live ¢105e to ther jobsattd faD)Alxts illthc area of bellBfiL
Th¢￿arketvahY of these piopctties has iti¢[tas￿l sigDifiGantiy ¥tsl any upjitthas preTriousty l)¢¢ll
account￿ fotthrough the SOFA ullreali5edgains. Tr totsl aCC￿￿￿[sIe6 uplift to 31 O¢Tob¢r 2023
is £1.597.682.The dekn"t to thr SOFA for thew eMd¢d 31 October2023 Wds £16.000.
The tDJStets h&ve refiected Im their position re8&ding tbEse properties, condudiDg that the ho￿
fvjfil th¢ ¢haEitable retijit of OCC'S Aikn Brauchby provLdiDE trdy ¥ffordable re]tted housingto
reLieve t contsnuiug need iti the ateA of benefit Co]JsequeDty. OCC bas no ititsntion of ￿er rtsjising
apy gain on thettL DefinitiODS of affoiijdblc a￿1 Iow-COSt acCorts￿OdatiOll rvolv¢ continuouty and
OCC has trauslatcd its cbsritable £oats iDto a policy of lettiDg properties at fruty affordable
(Son￿j]￿ calledsociaD r¢llts.
The trustees therefore be]ieve Ét co￿¢¢1 to restate the a£sets ba¢kto theit on* ¢osL in lille th¢
Properties to Fteehold Prop¢rtiG% within Tangibl¢ Fixed Assets.
Hence aPTior y¢ar adJusthKnt h&%beenJJwle to restate th¢value of theILvesttu¢tttpropty tsl of th¢
Page 22

IVE ODIWI CONSOLiDAlfD C&4RiTIES
NOTES TO IEE FINAf4CIAL STATEMENTS. cof4TINUED
OR THE YEAXXThDED 31 OCTOBKR 2024
21. ANALYStS OF NET ASSETS BET￿￿EN FUE4DS
Net eurrent
Tangible
Invtstthents
{￿b￿lties)
Tota]
Uwestrirted fllnds
1,027990
220J51
IAOI.816
401.072
4•6￿42
3.649J13
1408J58
R*li¢flo Need
De5igJL¥ted funds
ExtraordinaryRepairFund
9U22
94A22
TwoFold Tojst Fw
2573
5¥4h66
TOTAL FUF4DS
1,027,990
3,716.48g+
810.187
ComparatiTru foratkiysis of netassets bet￿ll fiull15 (a5 re8ta*dl.'
Nctcu
Tang￿1 le
Otabilities)
Totsl fjjnd
U1￿¢StrI¢￿d l￿d$
1.027.990
1.885.484
1260.483
560JOI
286,941
3,473,775
1.547.424
RBlief YxNeed
Designated funds
142,788
{60.0(M))
82,788
TwvFold Tn]5t Fund
6.573
793.815
6.573
5.110
60
1,027,990
3 288 755
22. RELATED PARTYDISCLOStJRI3
During th¢ y¢ar, th¢ Charity wived illcome xud expenses in r¢i#tion to the OdihauL
Eth]catioJ)al Charity. a r¢gi5t¢rcd cjjatity with comTt)on At tb¢ y¢ar-¢n4 tbe atlloutti i)wed to
the Od]Jwn Edu&*ionChatityvras £4.854 (2023: £2,768}. Thi5 amoulltis iticllld¢d vjithin creditors.
Page 23