Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARrrABLE SErrLEMENf REPORT AND FINANaAL STATEMEMTS FOR THE YEAR ENDED 31 DECEMBER 2020 REG15fERED CHARITY N(>. 242677 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYF'S CHARtTABLE sErrLEME CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Le9al and Administrative Informatio 2to3 Report of the Trustees 4t09 Independent Auditors. Repjrt to Statement of Financial Attivities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the Financial Ststements 16to31 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SE￿LEMENT LEGAL AND ADMINisfRATIVE INFORMATION FOR THÉ YEAR ENDED 31 DECEMBER 2020 Registered Natne.. Mr & Mrs J A Pye's Charitablè Setdement Charity Registration NuM￿r 242677 Administrative offl￿-. Critchleys LLP Beaver House 23-38 Hythe Bridge st￿et Oxford OXI 2EP Life President.. Mrs Yvonne Pye (Deceased 23 January 20211 Tru5tees'. D S Tallon (Retired 8 December 20201 J S Stubbing5 (Retr.￿ 16 April 20201 P A R Mulcare G Flint V Buzzard (Appointed 16 April 20201 Bankers". National Westminster Bank pk 32 Cornmarket Street Oxford OXJ 3HQ Investment Manage Punter Sc>uthall Weatth The Capita Building 12-13 St Andrew Square Edinburgh EH2 2AF solicito￿.. Knights Professional Services Limited MKJland House West Way 8odey Oxford OX2 OPH Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MAS J A PYE'S CHARThABLE sErnEME￿r LEGAL AND ADMINISTRATIVE INFORMATION ICONTINUEDI FOR THE YEAR ENDED al DECEMBER 2020 solicito￿ and Propety Managers in Respect of Maiden Lane Centre.. Clarkslegal LLP One Forbury Squa l The Forbury Reain9 Berkshire RGI 3EB Ministar Services ￿rnited 14 John Dickin50n Centre London Road Ap51ey Herts HP3 3QU Auditors.. Griffin Stone Moscrop & Co 21-27 Lamb's Conduit Str*t London WCIN 3 Grants Ad￿￿nIStrator'. Lucy McCallum-Toppin Springfield Faringdon Road Southmoor Oxfordshire OX13 5NX Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYES cHAR￿ABLE SErrLEMENT REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2020 The trustees presenr their annual reptsrt with the financial statements lor the year ended 31 DeTrmber 2020. The Setdement is a Registered Charity INO.. 2426771 constituted by a Trust De￿ madè 5 March 1965 bet¥veen the late Mr and Mrs J A Pye and the original trustees (Mr G C Pye, Mr G W F Archer and Mr R H Langdon-Daviesl under which the trust fund together with the sncotne from it is held for the benefit o15uch charitsble purposes a5 the trustees shall select Following the deaths of the setdors the power tr> appoint new trust* 15 vested in thetrustees forthe tirne being. STRUCTURE GOVERNANCE AND MANAGEMENT The trustees aminister the Settlement They have no fixed otirement date. The trustees undergo training either through courses or functional experience. New trustees are inducted ￿ the samè way. Decisions of the trustees a￿ tsken by them at their regular meetings whith are held at least four times a year. The business of the meetings is to review the affairs of the Settlement and to consider awarding of grants. Application5 for grant5 are sen¢ in first instsnce, to the Grants Administrator, M15 Lucy McCallum-Toppin, who then presents them, togethèr with her assessment for discussion at trustees, rneetings. The Grar)ts Administrator arranges for the payment of grants and 15 involved in correspondence and meetings with benefKiary charitie% On an annual basis one or MO￿ of the trustees meet representatives of all beneficiaries receiwng major awards and reports a r￿eNed from other beneficiari¥. OBJEcfivES AND AcnvmE5 FOR THE PVBUC BENEFrr The Settlement has general charitable objectives. The trustees exercise their powers in the manner described below in the section entitled "Trustees, Approach to Beneficiaries.. The Settlement does Th)t hold any funds as a custodian trustee. GRANTS In theyear under review, grants amounting to £478,25012019.. £579,840) have been made to 11812019. 1341 charities concemed with environmental mattets, adult health and care, children's health and care, youth organisation5. education. heritage and the arts. As many of the organisations the charity supports fall w¢thin tnore than one of the above categories, the trustees feel that it is more rneaningful to provide a list of all recipients who have benefited from grants of £501 or moo in 2020 and 2019 arKJ consequently Th) separate list of the grant5 classified by the activities being fijnded is induded in the financial ststetnents. As disclosed at the end of ntste 22 the trustee5 have a forward programme of grants to be Whol￿ funded out of future inctstne. It is the policy to make clear to all beneficiary charities that forward grant programmes a￿ always subject to annual reconsideration and therefore c8nnot be relied upon until confirmed by the trustees on an annual basis In view of this policy ènd practice the thjstees are of opinion that any recognition of this forward programme in the current SOFA other than as disclosed in note 22. would be misleading. Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SETTLEMENT REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDE D 31 DECEMBER 2020 GRANT.MAKING In making grants the trustees seek to continue the setuors. interests while expanding thern to encornpass other ¢au5e5. They locus their grant-making on O)rfordshire arKJ its surrounds whilst continuirKJ their support to charitsble causes espoused by the Pye famity and indrrfidual trustees. The followng list is by no mean5 exhaustwe and is gNen for guidance onw. Environmental This subject particularly deals with organic farmin9 Thatte￿, conservation generally arKI health-related matters such as pollution ￿SearCh and some wildlife protection. Adult Health and Care Especially causes supporting the following.. post-natal depression, schizophrenia, mental health generally and research into the main causes of earty death. Children's Health and Care For physical, mental arKI learnin9 disabilities, re5Plte break5, poverty etc. Youth Organi50kn¢4nS Particularly projects encouraging self-reliar*è or dèaling with social deprNatiorn Education Nursery, Primary, Secondary or Highernnstitution5 (not individuals). Heritage and the Arts TRVSTEES. APPROACH TO BENEFICIARIES The overall policy of the trustees is to yjpport under-funded charitE5 In their fields of interest in order to a551St those charitie5 to play a fuller role in the community Unfortun*ely, due to the demands made it is not possible to support a113pplications even though they may meet the charity's criteria. However, the trustees particularly ￿cOgnise the difficulty many 5rnaller charities Èxperienc& in obtaining CO￿ funding in order to operate efficientty in today'5 demandirEg environment. In addition major support is gwen to a limited number of causes in the field5 01 environment, rnusic, education and medicine. This approach ha5 been rÈwarded by significant results obtained by beneficiaries. The charity's website de5cribe5 its grant-makitKJ policy and applicants are encouraged to send their applications electronically using the charity's email addre55.' P Ch8ritableSÈttlemÈnt mail com. FINANCIAi STATEMENTS The financial statements have been prepared in ￿CordanCe with the accounting policies set out in notes to the financial ststements and comply with the chariW5 governing document, the Charities Act 2011 and Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land published in October 2019. The Freehold13nd and property 110m)er￿tte1d by Forkpalm Limitsdl were revalued ￿ 310ecember 2020 and have been included within these financial ststemenis. Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARITABLE SETTLÉMENT REPORT OF THE TRUSTEE5 ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2020 FINANCE In comparison with 2019 the Settlemenvs total income increased by £18,963 during the year. Income from the investment porttolio decreased by £63.098 and rental income from investment properties increased by £82,203. Grants decreased by £101,59) and other expenditure decreased by £22,484. During the period the trustees continued to secur& the long term income ol the Setdement by invÈstrrent in property and through a balanced approach in portfolio stocks and tw retention of cash on deposit. Tho trustees continue to work with the property management agent to support the tenants through these difficult and challenging times with the view that longevity ol bcal businessesAenant5 is imwrtant for the future of the trust. Costs have been reviewed throughout the period and the truste￿ continue to monitor the incorne streams closely and adjust expenditure and grants accordingly. The trustees are confident that core values will b& maintsined and endeavour to continue to make grant5 throughout the current and fLrture periods. These aims are being pursued despite the impact of COVID-19 on rentsl income and investment incorn*. The asset5 of the trust fall into Six principal categories.. Property held for investment and income,. Portfolio investment5 in equities and bonds managed by Punter Southall Wealth on a discretionary basis Loans to beneficiary charities,. Cash balances held at banl. An investment in a collective property investment fund., Property which consists of freehold5 of some 152 flats and Malso￿tte5 adjacent to the Maiden Lane Centre. ]NVWMENT POLICY AND PERFORMANCE Investment policy for the comknned equity and bond portfolios under dISc￿tiOnary management is to maintain the real value of the capital inV￿ted and, 5ubjett to this, to generate income to satisfy current and anticipated donations to the Settlement's beneficiaries. The value of the trust's investments at 31 December 2020 stood at £8,137,055 12019.. £8,131,904). The trustees have no special policy on SOCHI, environmentsl or ethical considerations. ADMINISTRATION COSTS The trusts& Contin￿ to keep their costs ol administration a￿1 those of their property pDrtft)lici under review in order to avoid duplication, &nga9ing appropriate expertise. and saving costs. RISK ASSESSMENT AND MANAGEMENT The trust￿ keep under re￿eW risks of maintaining the integrity of the fund and have concluded that there a￿ no untoward risks in the approach and management of the Settlement. In conducting this review they considered parb£ularly the areas of fraud. the policy ol holding the portfolio in norninee names, and investment policy as executed by manager& The managers provide an annual independent security report to the trustees. Since it is directed to institutions ￿gulated by the Charity Commission and supplemented by assessments by their Grants Administrator. the trustees cor)sder they have minimised any risk in their distribution policy. The tru5tee5 have considered their risks particularly in relation t¢> the COVID-19 pandemic and consider this to be a medium- term consideration and of medium risk as ihe property porrfolN) generating income has some tenants who are key retsilers and have remained open throughout whi15t others have been reqLJired to close in accordance with Govemmerit guidelines. The general busine55 environment rernains challengino for many tenants. trustees wll continue to monr£or this situation and remse their considerations accordingly. Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAWABLE SEMEMENT REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 RESERVES POUCY The trustees have established a r￿e￿e5 p¢>licy, Whe￿bY 5% ol the annual rental income is set aside for any improvements and capital expenditure required for the Maiden Lane Shopping Centre. This is so that the trustees may manage their investment in Maiden Lane Shopping Centre proactivelyi Wlthout affecting their ability tts meet their charitable objectroe5. The balance on this reserve at 31 December 2020 15 £129.622. Following the receipt in 2016 of a donation of £525,000 from the late Mrs Yvonne Pye, the trustees have resofved to maintain fund from which they will award grants to causes in which Mrs Pye had Indicat￿ an interest The balance on this fund at 31 December 2020 15 £194,266. Subj￿1 to this the ttustees do not feel that any other reseFve5 are required at present. SAFEGUARDING The Settlement confines its charitable activities to the awarding ol grants to other charitable organisations. It is the twstees, policy to ensurè that the recipients of its grant5 have safeguarding policies in place in accordance with Charity Cornmission guidelines. PAYMENT OF STAFF Since they currently have no stsff the trustees have not fdt it necessary to adopt a policy for their payment STATEMENT ON PUBUC BENEF By making grants to other charitsble cau*s, the trustees ensu￿ that their objectives for public benefit are met. Due to the size of the Setdement, the trustees mostly restrict the grant5 to chaiities operating in Oxfordshire and the surrounding area5 a5 they feel that in this way they a￿ able to make a more significant contribution to the ctsmmunities in the area. Applications from national charitie5 Wlth a specific project within the set area are also welcomed. The trustees outlTne elsewhe￿ in the twstees, report the main a￿a8 that they tend to 5UPPOrt. but all donation requests will be considered. Due to the varied interests of the settk)rs 8nd the current trustee5, a wide variety of causes are supported, thus making sure that the benefits ￿a(h people of all back9rounds. The tru5tee5 are particularly keen to support srnaller charities that rnay struggle to find funding for worthwhile projects, rnany of which have a very direct Irnp￿t on the people within which the community the charity operates. The trustees review the activities of the donees on a ￿ular basis, gwing due regard to the guidance published by the Charity Commission on public benefit. HANDUNG OF COMPLAINTS It is the trustees, wlicy for complaints to be considered at their meetings. PLANS FOR THE FUTURE The trustee5 plan to cotttinue their pr￿ent mcde of operating outlined above. Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARrrABLE sFfTLEMENT REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 COVJD-19 The Covid-19 worldwide pandemic contime5 to impact on the setdement as as the wider community which the setdement seeks to supporL The trustees contime to work with the letting agents tr) support our tenants through thi5 period to protect long term rental income stream of the inve5trnent properties. irustÈes are pleased to ￿port that to date there have been no IIXS of tenants to the pandernic. InV￿tment income continues to be Close￿ monitored and it is anticipated that this will remain volatile as global rna￿ets adapt to the ever changing global irrpact of the virus. The investment strategy continues to be reviewed at the quarterly trustee m&ting5 wf(h the investment manager. The trustees are of the opinion that the Settlement has sufficient fu￿$ to continue to adapt to this situatron and to continue to me&t the objectr￿eS of the settlement at a time when grants awarded will be more in demand than ever before. Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARrrA8LE SErrLEMENT REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 DÉCEMBER 2020 Stat•ment of truste￿ T@sponsibilitie5 The truste¥ are responsible ft>r preparing the Report of the Trustees and the financial statements in accordance wtth applicable law and United Kingdom Accounting Standards (United Kingdtsm Generally Accepted Accounting Practicel. The law applicable to charitie5 in England and Wales requires the trustees to prepare finèncial statements for each financial yearwhich give a true and fair view ol the state of affairs of the charity and of the 1r￿0M1n9 resources aml application of resource5. Including the income and expenditure, of the charity for that period. In preparing those financial statements the truste￿ are required to'.- Select suitable accounting p)licies and then apply the consistently., Observe thÈ methods and printiples in the Charities SORP., Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards have been followed. Subject to any material departures disclosed and explained in the financial statemen Prepare the financial statements on the going concem basis unless it is inappropriate to p￿sume that charity wll continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finarKial position of the charity and to enable them to ensure that the financial statements comply wth the Charities Act 2011, the Charitie5 IAccounts and Reports) Regulation5 2008 and the provisions ol the Trust Deed. They ar& also responsible lor safeguarding the assets of the charity and hence lor taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on and signed on their behall ty- P. mi_ P A R Mulcare- Trustee Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF MR & M115 J A PYE'S CHAFUTABLE SErrLEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 OpFnlon We have audired the finarKial ststements of Mr & Mrs l A Pye's Charitable Settlement (the 'chaTity'I lor the year ended 31 Dec&mber 2020 which comprise the ststement of financial activities balarKe sheet, statement of cash flows and notes to the financial statements, including a summary ol significant accounting polKies. The financial reporting framework that has been applied in their preParat￿n is ap￿iCable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financiol Reporting Stondtsrd applicoble in the UK und Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the strte of the charitys affairs as at 31 December 2020, aThJ of its incoming resource5 and application ol resources including its income and expenditure lor the year then ended," have been Pro￿rIY prèpared in accordance with United Kingdom Generally Accepted Accounting Practice., and have teen prepared in accordance with the requirernents ol the Charities Act 2011. 84sis for opSnlon We conducted Dur audit in acccKdance with International Standards on ALKliting IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the 'Audit0￿. ie5ponsibilitie5 for the audit of the financial statements. section of ourrepori We are independent of the charity inaccordance with theethical requirement5 that are relèvant to our audit of the h'n4n£ial statements in the UK, includin9 the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsired is Sufficient and appropriate to provide a basis for our opin￿n. (onrlusions rel8tlng to goln9 concern In auditing the financk31 statemenis. we have concluded that the trustees, use of the 90ing concern basis of ￿cOUnting in the preparation of the financial ststements is apprtsprk4t&. Based on the wod( we have perfomied. we have not Klentified any material uncertainties relating to events or cotKlitions that individually or collectyvely. may cast significant doubt the charity's ability to continue as a going concern for a period of at least 12 months from when the financial ststements are authorised for issue. Our rèsponsibilityes and the responsibilities of the trustees with respeci to 90ing concem are described in the relevant sections of this reptsrt. her infomiation The other informatk)n tomprises the Informati￿ included in the annual report of the trustees other than the financial statements and our auditors. reportthereon. The trustees are responsible lor the other inform3tion contsined within the annu report Our opinion Dn the financial statements does not cover the other information and, except to the extent othenMse explicitly stated in our reporL we do not express any fom of assurarKe condusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is tnateri311y inconsistent with the financial staterrents or our kr￿Wledge obtained in the course of the audit or othenvise appear5 to be rnatsrially misststed. If we identify such material inconsistencies or apparent material misstatetnents, we are required to determine whether this gives rise to a material misstatement in the financial ststements themselves. 11, based on the work we have performed. we conclude ihatthere is a material misstatetnent of this other information. we are required to report that fact We have nothing to ￿pOrt in this regard. io Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC INDEPENDE￿ AuD￿ORs. REPORT TO THE TRUSTEES OF MR & MRS J A PYE'S CHARITABLE SEThLEMENT ICONTINUEDI FOR THEYEAR ENDED 31 DECEMBER2020 Matters on which we are requirod to report by exception We have nothing to report in respect of the following matter5 in ￿latiOn to which the Charities IAccounts arKI Reports) Regulations 2008 require us to report to you il, in our opinion.. the inf0m)at￿n given in the trustees. report is inconsistent in any material ￿SpeCt with financk41 statements,- or the charity has not kept adequate accounting rÉtords', or the financial statements are not in agreanent with the accounting records and returns., or we have not recewed all the information and explanat1￿5 we require for our audit. Responsibilities of twstees As explained more fully in the statement of trustees. responsibilities set out on page 9, the trustees are responsible for the preparation of financial statements arKJ for being satisfied that they give a true and fair view, and for such internal control as the trustee5 determine is necessary to enable preparation of financial statements that are fr* frotll tnaterial misstatemen¢ whether due to fraud or error. In preparing the finèrfial ststements the trustees are responsible for assessing the charity's ability to Continue as a going concern. disclosing, as applicable, matters related to g￿n9 concern and using the going concem basis of accounting unless the trLtstees either intend to liquidate the charity or to cease operations or have no realistic alternative but to do so. Audltors. r¢spons*ilities for tho audlt of ihe financlal statements We have been 6ppointed as auditors under section 144of the Charities Act 2011 report in accordance with ￿gUlationS made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material IS5tatement, whether due to fraud or error, and to issue an auditors, report that includes our opinion. Reasonèble assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detett a materrJl mis5tsternent when it exists. Misstatements can arise from fraud or error and are con51dered mat£rial if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of Use￿ taken on the ba515 of these finarKial statements. Irregularities, irKluding fraud. are instsnces of non-compliance with laws arKI regulations. We design procedures in line with our responsibilitie5. Outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for ttrus engagement and the eKtent to which these are capable of detecting irregularities. including fraud is detailed below.. Perforrning audit work over the risk of management override ol controls, including testing ofjoumal entries and other djustment5 for appropriateness, evaluating the rationale o15ignificant transactions outside the normal course of ￿sinesS and reviewing accounting estimates for bias,. Carrying out substantive checking to supporting documentatiorn on a sample basis, of indwidual transactlOn5 Wlthin incomo and expenditure to give comfort that the statement of financial 3Cti%Ytl￿ does not contain any irregular items Verifying that material balan￿$ within the balance sheet are supported by third party evidence to confirtn existence and valuation at the balance sheet date,. Enquiry of management and those charg￿1 with governance around acbjal and potential litigation and claims,. and Reviewing minutes of trustee meetings. li Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC INDEPENDENT AuD￿oRs. REI>ORT TO THE TRUSTEES OF MR & MRS J A PYE'S CHARryABLE SETTLEMENT ICONIINUED) FOR THE YEAR ENDED 31 DECEMBER2020 Because of the inherent limitstions of an èudiL there Is a risk that we will not detect all irregularities. including those leadiw to a matwial misstatement in the financial statements or non-compliance with ￿gUlatIOn. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refletted in the financial staternents, as we will be less likely to become aware ol Instances of non-compliance. The risk is also greater regarding irregularities ocoJrring due to fraud rather than error, as fraud Invo￿&8 intentional concealment, forgery, collusiory ornission or misrep￿$entatlQn. As part of an audit in accordance with JSAS lu￿, we ￿erCISe professional judgement and maintain professional scepticistn throughout the audtt. We a150'. Identify and a55e5S the risks of material misstatement of the finantièl statements, whether due to fraud or error, design and perform audit procedures responsNe to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misst8tement resulting from fraud is higher than for one resulting from error, as fraud may Involve collusion, forgery, intentional ornissions, mistspresentstions, or the override ol internal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenes5 of the charity's intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting ￿tiMate$ and related disclosures rnade by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists rdated to events or condition5 that may cast significant doubt on the charity's ability to continue as a going concern. If we Co￿1Ude that a rnaterial uncertainty exists, we are required to draw attention in our auditors, report to the ￿lated disclosures in the financial statements or, il such disclosures a inadequate, to modify our opinion. Our conclusions are based on the audit evidenco obtained up to tho date of our auditors, re￿rt. However, future events or conditions may cause the charity to cease io continue as a going COn￿rn. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation lie. gives a true and lairviewl. We communicate with those charged with governance regarding. among other matters. planned scope and timing of the audit and significant audit findings. including any Significant deficiencie5 in internal control that we identty during our audtL Us• of our report This report is made soldy to the charity's trustees, as a body. in accordance with Part 4 of the charity￿ (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might statè to the charity's trustee5 those matters we are reouired to state to them in an auditors. rÈport and for no othÈr purposé. To the fullest èxtènt permitted by law, wo do not accept or assume responsibility to anycne otherthan the charity and the charity's trustee5 as a bcdy, for our auditwc>rk, for this repori or for the opinions we have formed. 1847$752948747E Griffin Stone Moscrop & Co Chartered Accountants Statutory Auditor5 21-27 Lamb's Conduit Street London, WCIN 3GS Date.. 29/7/2021 Griffin Stone Moscrop & Co is eligible to act as an auditor in terms of section 1212 of the Cornpanies Act 2006. 12 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARITABLE S[￿LEmE STATEMENT OF FINANCIAL AcrNmES FOR THEYEAR ENDED 31 DECEMBER 2020 Total 2020 Total 2019 Income from: Investments 685,066 666.103 Total income 685,066 666,103 Expenditure OEL Raising funds Charitsble activities 83,394 512.668 107,904 612,232 Totsl expenditure s96,(￿2 720,136 Net Incomellexpendlture} before gain5 and1055es on investments 89,004 154,0331 Net gains on investments.. Realised and unrealised gains on other investments 85,688 877379 Net incomè and ￿et mov•m•nt In fund5 174.692 823,846 R¢conclllatlon of funds Total funds brought fotward 14,379,950 13,556.104 Total lumd5 carried forward 16 14.554,642 14,379,950 The sett￿rne￿t has no restricted or endowment lurKIs. The mtes on pages 16 to 3L form part of these financial statements. 13 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARITABLE SE￿LEmE1 BALANCE SHEET AS AT 31 DECEMBER 2020 REGisfERED CHARTfY NO: 242677 Notss 2020 2019 Fixed assets: Investments Investrnent PrOpe￿e$ 8.137,055 6,157,IC 14.294,155 8,13L904 6,114,100 14,246,004 Current a¥¢ts D&btors Loans to charitie5 Charitie5 Property Fund income receivable Gross ￿ntaI income receivable Ftepayments Cash at bank and with investment managers li 20,OtK) 4,8(K) 41,865 4,383 305,991 377,039 32.5C 6,900 8.627 1,656 212,986 262,669 Crethtoys: amounts fallin9 due wrthin one year Deferred income Accruals, taxatyon and other C￿dItOrS 44,143 72409 116,552 48,708 80,015 128.723 13 curr•nf assèts 2fn,487 133,946 Net assets 14,554,642 14,379,950 Funds- Unrestrkted General fund Designated fund5 16 16 14,230.754 323,888 14,070.448 309.502 Totsl funds 16 14,554,642 14,379,950 We, the trustees, authorise the financial statements for issue. Approved by the trustees on. and signed by. P A R Mulcare f vknL_ G Flint V Buzzard The notes on pages 16 to 31 form part of these financial statements. 14 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR 84 MRS J A PVE'S CHARITABLE sernEMENT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 Note5 2Q20 Total 2019 Total Net cash used in 0￿rating activities Net cash provided by investing activrcies 17 18 1629,5981 722,603 1678,0591 7￿.691 Change in cash and cash equivalents in the year 93.005 22.632 Cash and cash equrialents brought fo￿ard 212,986 I￿,354 Cash and cash equwalent5 carrEd forward 19 305,991 212,986 The note5 on page 16 to 31 form part of these financial statements. 15 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SE￿LEmENT NOTES TO THE FINANCIAL STATEMENTS FOR T14E YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES 80$1$ of accountlny The financial statements have been prepared in accordance wtth Accounting and Reporbng by Ch3rf(ie& Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IIFRS 1021 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of lTrland IFRS 1021 and the Charities Act 2011. The financial Statements have been prepared to 9ive a "true and fairt view and have departed from the Charities IAccount5 and Report51 Regulations 2008 onty to extent required to provide a 'true and fair" ew. This departure has involved lollowing Accounting and Reportin9 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than Accounting and Reporting by Charities.. Statement ol Recommended Practice effective from l April 2005 which has sincè been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the chaiity, and are rounded to the nearest £1. The preparation of financial statements in compliance with the Charities SORP IFRS 1021 and 102 requires the use of certain critical a¢counting estimates. It also requires management to exercise judgement in applying the charity's accounting policies Isee note 211. There are no uncertainties *out the charity's ability to continue as a goirvj concern. Mr ar¥J Mr5 J A Pye's Charitsble Settlement constitutes a public benefit entity as defined by FRS LO2. The Settlement is registered with the England and Wales Charity Commission. Its administrative office address is Critchleys LLP, Beaver House, 23-38 Hythe Bridge st￿eL Oxford, OXI 2EP. A¢¢ounting conv&ntion The finarKial ststernents are prepared under the historical cost conventK>n as modified by the revaluation of investments and freehold investment properties. Donations Income from donation5 or grants is reco9nised when there ts evidence of entitlement to the gifL receipt is probable and its arnount can be measured reliably. Donated seNices have ntst been included in the statement of financial activities tsn the basis that the benefit is not quantifiable or material. Inv•stment in Debtors Trade and other debtors are recogrmsed at the settletHent amount after any tr￿e discount offereyj. payments are valued at the arnount prepaid net of any trade discounts due. 17 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SEfTLEMENT NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES Iconilnuedl Cash at bank and in hand Cash at bank and in hand includes lash and short term highly liquid investments vAth a short maturity of three months or less from the date of acquisition or opening ot the deposit or similar account Liabilities and provlsions Liabilities are recognised when there is an obligation at thè baL3nce sheet date as a result of a past event it is probable that a transfer ol econornic benefit will be required in settletnent and the amount of the *ttlernent can be estirnated reliably. Liabilities are recognised at the amount that the Settlement anticipates It will pay to settle the debt or the amount it has received as advanced payments for the g(x)ds or sepiice5 It must provKJe. provis￿nS are measured at the best estimate of the arn(>unts required to settle the obligation. Financial Instruments The Settlement only has financial assets and financial liabilities of a kind that qualify as basic financval instrument5. Basic financial instrument5 are initially recognisèd at transaction value and stybsequently measured at their settlement value. SU8SIDIARY COMPANIES The Settlement ha5 wholEy-owned subsidiary companies, as detailed below. The shares of ￿th subsidiaries are held in tWSt by the Sett￿Ment's trustee5. Forkpalm Llmited Forkpalm Limited. a company regIste￿d in En9&nd and Wales, was purchased by Setdement on 27 June 2007. Until 31 December 2015 the company's activity was to hold the freehold Teversion of investment properties and tharge ground rents. It donated its tsXa￿e profits to the Settlement by gift aid. Since l January 2016 Forkpaltn Lirnited has been dom)ani. Ori 31 December 2015 the directors of Forkpalm Limited resolved to hold the assets of the company in trust a)solut&ly for the Settlement. The property held by Forkpalm Limited had already been Shown in the Senlemenfs balarKe sheet but the company's bank account was brought into the Settlement's balance sheet. Furthermore. the propety income receivable as at 31 December 2015 and the accountsncy fees payable at that date in respect of Forkpalm Limited were recognised on the Settlement's balance sheet. Due to the above re-organisation, no consolidated accounts have been prePa￿d lor the year eNJed 31 December 2020. 011 Maiden Lane Devolopment Management Company ￿Mited Maiden Lane Development Management Company Limited. a compary also registered in England and Wale5, wa5 purchased by the Settlement on 20 February L998. The companyls activity is to manage the property known a5 Maiden Lane Centre. Lower Earley. Reading. Athough the shares are held in ttust by the SettlÈtnÈnt'S trustees, the Settlement has no financial Inte￿$t in this company. There Is ttrErefore no requirement to prepare ton501idated fInar￿la1 statements in respect of this company. 18 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARrrABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2020 INCOME FROM INVESTMENTS 2020 2019 Income from investsnent portfolio: UK equities Foreign equities Uni( Trust and OEIC distiibutions UK fixed interest Foreign fixed interest The Chari£ies Propety Fund 65,048 8,796 12.5 38.560 30,546 20,467 105,038 10.030 15.030 44,785 38,758 25,374 175.917 239,015 Income from investment propertie Rental income 507,698 425,495 Interest Gross interest from investment managers Bank interest Interest on late payrnent5 840 72 539 1,451 685,066 L429 164 L593 6ffi,103 TAXATION The Settlement applies its income ard capitsl gains for charitsble purposes each year, and does not cary on any trades. It is therefore not liable to tax on Ets incOff￿ and gains. (PENDJTURE Investment management ¢osts Ingt* 6) Gt3nts payable Governance costs 2020 Total 2019 Total (not* 22} Expenditure on- Raisiro fund5 Charitsble activitie5 67,527 15,867 83,394 107.9D4 478,250 478,250 34,418 50,285 512,668 596,062 612,232 720,136 67,527 19 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S cHAR￿ABLE SETtLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 INVESTMENT MANAGEMENT COSTS 2020 2019 Investment porrfolio costs Property expenses.. 34,038 34.587 Rent collection c05t5 Security c05t5 and propety repairs Legal costs larroarx change of tenancy et£.) Insurance Rates Service charges 9,IC 121,2851 16,427 1,173 23,642 4.432 67,527 10.653 20,866 21,801 694 8,248 4,301 IOL.150 GOVERNANCE COSTS 2020 2019 Accountsncy services Audit fee Admintstration lees Giant administrator fees Trustees. travel and Subsistence expenses paid to I trustee12019_ 2 trustees) Legal costs Other professional fee5 Bank charges and CLimmission 8,605 6,930 io,oc 12,0 8,250 6,4CQ 10,000 12.000 132 1,751 iO.IE 707 50,285 742 1,003 751 39,146 Allocated as follows.. Expenditure on raising funds ExPendI￿re on charIta￿t actmties 15,867 34,418 50,285 6,754 32,392 39,146 INVESTMENTS LiM•d Other 2020 2019 Investments at markÈt value.. UK & overseas fixed interest Equities Collective investments The Charities Property Fund Punter Southall Wealth cash capital 2,235,386 L186,OLS 3,863,871 1235,386 L186,015 3,863,871 589,567 262.216 2,069,412 2,04L317 2,977,434 605,168 438,573 589,567 262216 7,285.272 851,783 8,137,055 8.131.904 20 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR& MRSJ A PYE'SCHARrrABLE SE￿LEMENT NOTES TO THE FINANCIAL STATEMENT5 FOR THEYEAR ENDED31 DECEMBER2020 INVESTMENTS IfoMinu¢dl Anaty$15 of movement on Investments during the year Listed Other 2020 2019 At l Jawary 2020 Additions Disp05a15 at op&nirg madcet value Unrealised increaselldecreasel in market value Appropriation of cash At 31 DKember 2020 7,088,163 2.930,408 1,043,741 8,131,9)4 2.930.408 7,582,224 1,277.OL2 11791,5881 12,79L5881 Il463,2631 58,289 115.6011 IL76.3571 85L.783 42,688 IL76.3571 8,137.055 584,268 151,663 8,131,904 7,285,272 Listed ot￿r 2020 2019 Historical cost of investments 6,520,051 748,257 7,268,308 7,105,465 Investrnents exceeding 5% of the portlolio are.. Charities Property Fund £589,567 Artemis Incorne Fund £475,943 FREEHOLD INVEsfMENT PROPERnES 2020 2019 Investment pr¢*perties at market value At l January 2020 Additions at cost Revaluatior6 6.114,100 5,820,489 43.( 293.611 At 31 Decernber 2020 6,157,100 fi114,IlX) NET BOOKVALUE At l Jar)uary 2020 6.114,100 5,820,489 At 31 D￿ernber 2020 6.157,100 6,114,100 The market value for the freehold investment properties is based on valuations provided to the trustees by independent propety valuers. The trustees. policy is to have the investment properties valued externally every fwe years, with the trustee5 then rewewing the valuatK)n annually to ensure that the carrying value is equivalent to market value. 21 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SErrLEMENT NOTES TO THE FINANCL4L STATEMENTS FOR THÉ YEAR ENDED 31 DECEMBER 2020 FREEHQLO INVESTMENT PROPERTJES Icontlnu•dl TW investment properties held in trust for the Settlement by Forkpalm Limited were brought into the Settlemenfs financi81 Statements during 2015 at a value provided to the trustees by independent commercial property valuer5. The properties were revalued at 31 Decembei 2020 to £905,(￿0 by Adam Smylie MRICS of Kirkby Diamond, Chartered Surveyors. The other investrnent prope￿e$ a￿ held directly by Setdernent. Maiden Lane Shopping Centr¢ Reading. was valued at a rnarket value of £5.022.000 as at 7 February 2020 by Petef Memmor FRICS, of Fairweathers Chartered SuNeyors. The Potteries, Tilehurst was revalued at 26 February 2020 by Peter Memrnott and the value was revised to £230,OCK). io INVESTMENT COMPANY On 27 June2W7 the Setdement purchased Forkpalm Limited. a company registered in En9land and Wales, for the conskleration of £230,000. Forkpalm Limited is a 100% £ub5idiary of the Setuetnent. This company was cariied at a value within the Settlement's balance sheet of £680,000, based on the value attribut￿ 10 the undertying assets of Forkpalrn Limited at the balance slwt date. Until 31 December 2015 the pincipal actwity of the company wa5 that of holding thè freehold reversions for the propertEs at Maiden Lane Place. On 31 December 2015 the directors ol Forkpalm Limited resolved to hold the asset5 of the company in twst forthe Settlement absolutely. At that date the freehold properties were revalued, Forkpalm Limited's ot￿r a5set& being a bank account and trade debtors, less accrued accountsncy feÈs, were also brought into the Setuement's balance sheet. li LOANS TO CHARMES 2020 2019 Interest free- unse¢urtd 8anbury Museum Trust Pusey io,o(yJ 10,000 20,000 20.OQK) ,500 32,500 2Q20 2019 Repayable within one year Repayable after one year 12,500 20,￿0 32,500 20,CKY) 22 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR a MR5 J A PYE'S CHARITABLE SErrLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 12 DEFERRED INCOME 2020 2019 Rents recewed in advance at I January 2020 Income released in year Rents r￿e1Ved in advance Rents received in advarfe at 31 DecemL*r 2020 48,708 148,7081 44,143 44,143 4&204 48,2041 48,708 48,708 13 ACCRUALS. TAXATION AND OTHER CREDITORS 2020 2019 Property eKpenses Inv￿tInent managers. charges Accountants. charge5 Auditors. retnuneratio Rent collection charges Legal fees Grants payable VAT due 4,887 2,500 8,490 6,930 3,583 5,0 28,( 13,019 72, 29,616 6,0Tr) 8,480 6,6Th) 3,351 7,220 12,0 6.748 80,D15 14 NANaAL INSTRUMENTS 2020 2019 rinancial ass￿$ Financial assets measured at fair value through income and expenditure 8,443,046 8,344,890 Financial assets measured at tsir value through income and experKliture comprise listed inve5tment5 and cash at ban 23 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARITABLE SFfTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 15 RELATED PARTY TRANSACTIONS The Trust Deed contains an express power for payments to be maye to trustees for professional serwces in relation to the administration of the SettlemenL During the year, none of the trustees recewed any rnuneratic￿ or benefits in kind. Ekpenses were r￿M￿rsed as detailed in note 7. t)onee charities with whom the trustees are connected are as follow& J S Stubbin9S, a trustee until 16 April 2020, is è trustee of Oxford University Tennis Foundation to which £3,CKX) was distributed in 2019. 16 FUNDS l Januay 2020 Gain5 on Investments 31 December 2020 Transfers lTh¢ome Expendsture Designatsd Funds Maiden Lane reserve LOS,236 204.266 309.502 24,386 129,622 194,266 323.888 Yvonne Pye reserve iio,0001 iio,0001 24,386 General Fund 14.070.448 14,379,950 124,3861 685.066 685,066 1586,0621 1596.0621 85.688 85.688 14,230,754 14,554,642 Total Funds Genèrnl De5i9nated Total fvnds 2020 Totsl fvnds 2019 Fixed assets Current assets Current liabilities 14,294,155 53,151 116,552 14,294,155 377,039 116.5521 14,246,004 262,669 1128,7231 323,888 14,230,754 323 888 14,554.642 14,379,950 24 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARfrABLE SE￿LEMENT NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 16 FUNDS ICONnNUED) l January Z019 Gains on In¥estm¢nts 31 De¢•mber 2019 Transfers Income Expenditure Desi9nated Funds Maiden Lane reseNe 84,731 269.536 354,267 20,505 105,236 204,266 309,502 Yvonne Pye reserve 165.2701 165,2701 20,505 General Fund Total Funds 13,201,837 13,556.104 120,5051 666.103 666,103 1654.8661 1720.1361 877.879 877,879 14,070.448 14,379,950 General De5ignoted Total fund$ 2019 Total funds 2018 Fixed assets Current assets Current liabilities 14,199,171 46,833 262,669 14,246,004 262.669 1128,7231 13,402,713 276,492 1123.1011 1128,7231 14,070,448 309,502 14,379,950 13,556,104 17 RECONauAllON OF INCOME/IEXPENDtTUREI TO Nrf CASH USED IN OPERATING 2020 Total 2019 Total Nel incOme/lexpenditu￿I IGainsl/Losses on investment revaluations Dividends. interest and rents from investments Ilncreasel/Decrease in debtors IncreasellDecrea5el in creditors 174.692 185.688) 1685.0661 121,3651 112,1711 823,846 1877.8791 1666.1031 36.455 5.622 Net cash used In operatiny Jclivitiqs 1629,5981 1678,0591 25 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARrrABLE SETTLEMENT NOTES TO THE FINANc￿L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 CASH PROVIDED BY INVESTING ACTivmES 2020 Total 2019 Total Div￿endS. interest and rents frorn investments Proceeds frtsm sale of investments Purchase of investments Appropriation tsf cash 685.066 2,791,588 P,930,4081 176.357 666,103 L463,263 IL277,OUI 115L6631 722.603 7tK),691 19 ANALYSIS OF CASH AND CASH EQUIVALENTS 2020 Total 2019 Totsl Cash at bank and with investment managers 305.991 212,986 20 ANALYSIS OF CHANGE5 IN NET DEBT At start of year Ca$h flows At Ènd of year Cash 2L2.986 93,005 305,991 21 JUDGEMENTS N APPL￿Nfj ACCOUNTJNG POUCIES AND KEY SOURCES OF ESllMATION UNCERTAINTY In the application of the Settlemenfs accountirKJ policies, the trustee5 are required to make judgements. estimates and a55Utnptions about th@ cartying amount of assets and liabilities that are not readily apparent from other sources. The estirnates and associated assumptions are based on historical experiellceand other factors that a￿ considered to be relevant. Actual results may differ from these estimate5. The estimates and underlying assumptions are reviewed on an ongoin9 basis. Revisions to Kcounting estimates are ￿ognIsed in the period in which the estimate is revised. il the revision affects only that period, or In the period ol the revision and future periods if the rvoision affects both current and future peritsds. However, the￿ are nojudgements or assumptions that have a significant risk of causing material adjustment. 26 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARtTABLE SErtLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 GRANTS PAYABLE During the year the Settlement distributed £478.250 to 118 institutions120L9". £579,840 to 134 in5titutiots1, in accordance with the Settlement's objecbves, and made additional loans in the amountol £nil12019.. £nill. A5 5tsted ith the report of the trustees, the charity seeks to support orgonisations focused largely in Oxfordshire and the surroundin9 area corKemed wth environmental matters, education, hÈrit8ge and the arts. A number of these organisations fall Into two or more ol the above categories and thÈrefore the tru5tee5 consider it m¢>re useful to the ￿der of the financial 5tatetDents to list all recipients who have benefited from grant5 of £501 or more, ratPEr than classify the grants made by the artivities being ￿rded. No Grant 2020 2019 l Music at Oxford 2 Magdalen College School 3 Association for Post Natal Illness 4 ROSY 5 FarmAbility 6 Banbury Museum Trust 7 La Serenissima 8 Oxfordshire Historic Churches 9 Pegasus Theatre 10 Seesaw 11 Style Acre 12 Organic Research Centre 13 Art Fusion 14 Aspi IS B&rinslield Information and Volunteer CÈntrÈ 16 CUC Sargent for Children with Cancer 17 Home-start Southern O)rfordshi 18 The Hummin9bird Centre 19 New Yatt Riding for the Disabl￿1 20 Oxford Hospitals Charity 2L Oxfordshire Scouts 22 Oxfordshire Victoria County Histc>ry Trust 23 Southmoor Pre-school 24 The Story Museum 25 Thumbs Up Club 26 Young Dementia UK 27 Daybreak 28 Naotni House & Jacksplace 29 Oxford Lieder Festival 30 The Archway Foundation 31 Kidliryton Good N￿ghbOUr Scheme 32 Modern Art Oxford 33 The Cedar Cornmunity Club 34 Be Free Young Carers 35 Oxfordshire Association for The Blind 36 Woodstock Youth Work 37 The Cluster Care Group 38 Autism at Kidlington loo.000 30.0(K) 20.000 20,000 15,000 10,000 10,000 10.000 io,coo lo,￿0 10.000 7,51N) 5,0 5,000 5.OiK) s,ocK) 80.wo 30,(N]O 20,CKThI 15.000 20,orK) iO.LNX) iO,OtX) 20,OLK) 25,rxx) 5,000 Lsoo 10.000 2,000 5.000 5,000 5,OIXI 5.0 2.000 5,510 3,510 5,000 5,000 4.800 4,750 4,000 3,900 3.5CK) 3,500 3,500 3,0 3,0(K) 3,000 2,6C 2,500 8,000 3,270 3,500 3,500 3,0 3,000 Carrled forward 364,550 313,790 27 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MR5 J A PYE'S CHARrrABLE SEfTLEMENT NOTES TO THE FINANc￿L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 22 GRANT5 PAYABLE (CONTINUED) Br￿ght forward 39 Earth Trust 40 Guide Dogs for the Blind 41 Headway, Oxford 42 KtDS Oxfordshire 43 Pusey Hous 44 Startvp online 45 The Friends of Abingdon Abbey 46 The Maple Tree Centre 47 The Sunshine Centre 48 Thrive 49 Wolvercote YP Club 50 Autisrn Famity Supptsrt Oxfordshire 51 Banbury Advice Centre & Citizen Project 52 Cherwell Theatre Comtnunity 53 Christ Church Cathedral Music Trust 54 Clanfidd Pre-school 55 Edge Housing 56 Falcon Boat Club 57 Friends of Dorchester Abbey 58 Friends of St Marys Church 59 Home - Start Oxford 60 J05s Searchlight 61 Maggie's Oxford 62 MS Society 63 One-Eighty ￿rnited 64 Oxford Churche5 Debt Centre 65 Oxfordshire Mind 66 F￿P6 Otmoor 67 St Stephen5 House, Oxfoid ISJE Arts) 68 The Friend5 01 Oxford Botanic Garden and ArborÈturn 69 The Listening Centre 70 Witney Buttercross Scouts Group 71 clea￿kY 72 Child Brain Injury Trust 73 ERtc 74 Lon9WOrth Pr&School 75 Abingdon Riding for the Disabled 76 HomÈ-Start Banbury and Chipping Norton 77 Adventure Plus 78 Age UK 79 Art5 at the Old Fire StstiOTI 80 BrKlewell Organic Gardens 81 Chipping Norton Theatre 82 Clean Slate 83 Dean Court Cornrllunity Association 84 Footsteps Foundation 85 Headington Schcol 86 The English Musical Festwal 364,550 2.500 2,500 2.500 2.500 2.500 2,500 2,5(K) 2,500 2,5C 2.SC() 2.5 2,000 2,000 2.000 2,000 2,OCK) 2,0 2,0 2,OCO 2.000 2,000 2,000 2,0 2.000 313,790 3,162 2,5(XJ L,0 1,0 5,0 iooo I,OC() 2,000 2,OCM) LLKIO 2.OL¥J iooo 2,000 2,000 L650 I,soo 1.500 LSOO LS(Kl 1,450 1,000 1.000 LOOO 7,5C 1,000 2,OCQ 1,000 1.000 i.wo 1,000 1.00) 2,000 Carried forward 453,150 352,952 28 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARThABLE SEfFLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2020 22 GRANTS PAYABLE (CONTINUED) Brought forward 453,150 352,952 87 HENRY 88 Human Story Theatre 89 Huntington's Disease Association 90 Jacari Oxford 91 Lauriston bghts 92 Oxford Hub 93 OKford Playhouse 94 Oxfordshire Breast Fe￿Ing Support 95 RAW Workshop 96 Riverside Counselling SeNices 97 Scientists in Schools 98 The Big Issue 99 The Friends of St james Prirnary School 100 Thomas Gifford Trust 101 VIVA 102 Watermill Theatre, Newbury 103 Whia-Kids, London 104 Wild O)rfordshire L05 OKFord Pre9ervation Twst L06 SOFEA 107 The Oxford Trust 108 The Rosemary Appeal 109 Vale of the White Horse and RidgÈway Archèeological and Historical Trust 110 Eynsham Community Prirnary SchoLII 111 BYHP 112 Helen & Douglas House 113 The Consetvation Volunteers ITC 114 Berinsfield Information and Volunteer Centre 115 Wolvercote Primary Schotsl PTA L16 Katherine House Hospice L17 OXSRAD 118 The Balsam Centre 119 The Blenheim Palace Heritage FoundatK>n 120 The Maple Tree Centre 121 The Oxford Victoria c￿￿ty History Tru¥t 122 The Parish Cmrch, ￿tt￿[￿Ore 123 Oxfordshire Youth 124 Southwold Primary School 125 Family Links 6 The Porch - Stepping Stone 127 Oxford University Tennis Foundation 8 The Hill End Centre 9 The Thomley Hall Centre LOOO iooo 1.000 LOOO LOOO LOOO LOOO 1,000 1,000 1,000 2,000 1,500 LOOO 1,000 1,000 I,oc LOOO LOOO LOOD iiooo 10,000 10,000 9,000 7,543 7,500 7.51K> 7,5￿) &oN) 5,5(K) &otK) s,ocK) 5,000 5.000 &ooo 5,000 5,000 4,510 4,000 3,510 3,510 3,0 3,0 Carried ft)rward 471,750 503,525 29 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHARThABLE SETTLEMENT NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 22 GRANTS PAYA8LE (CONTINUED) Brought forward 471,750 503,525 130 abandofbrothers 131 Agnes Smith Advice Centre 132 Kennington Memory Club 133 Oxford Ag3inst Cuttin9 134 Oxford Communiry Work Agency 135 Oxfordshire Sexual Abuse and Rape Crisis Centre 136 Penny Brohn UK 137 Sound Resource 138 The Mill Arts Centre 139 The Porch Day Centre 140 8erkshire MS Therapy Centre 141 Earthwètch Institute 142 Adoption UK 143 Friend5 of Summertown Library 144 FutuR Trees Trust 145 Oxford Chamber fvtusic Foundation 146 SAFEI 147 Tooley's Boatyard Trust 148 Enrych 149 Guidep05ts 150 Music and Car& in H05Pitals 151 Thomas Hughes M@morial Hall. Uffiryton 152 All Saints. Church, Sutton Courtenay 153 Bampton Classical Opera 154 Blewbury Village Hall 155 Cancer Research UK (Oxfordl 156 C￿ate 157 Friends ofwooton School, Woixlstock 158 Life Education 159 My ￿fe My Choice 160 0)rford 4rKI Oistrict Mencap 161 Oxford City Farm 162 Oxford Sarnaritan5 163 0)rford5hire Lciwland Research and Rescue 164 oxfordshi￿ South and va￿ Cit12ens Advice 165 Sobell House 166 Soktth Qxfordshire Adventure Playground ISOAPI 167 Sue Ryder Hospice 168 The North Wall 169 The Oxford Bus Museum Trusi 170 Yellow Submarine Holidays Grants below £501113112019.. 201 2,500 2.500 2.500 2,500 2,$00 2.500 2,500 2,500 2,500 2,500 2275 2,040 2,000 2,000 2.000 2,000 2,OCO 1,51K) 1,500 I,soo 1,500 1,000 1,000 1.000 1,000 LOOO 1,000 1,000 1,000 I,ooD 1,000 I,O(K) 1,000 I,oco 1,000 1.000 1,000 1,000 1.000 1,000 30 Docusign En¥ÈlopÈ ID." 6F5EFE1(kD97tk4823-AE5E-701113EEACFC MR & MRS J A PYE'S CHAR￿ABLE SE￿LEMENT NOTE5 TO THE FINANCIAL sfATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2020 22 GRANTS PAYABLE ICONTINUEDI There were no commitments in connection with unpaid grants at 31 De￿rnber 2020. The trustees intend to make further grant5 to be fvnded frt)m fvbjre irKome as follows.. Payments which at all times remain subject to the trustees. complete discretion, Indicated but not committed or promded for in these financial statemerits.. 2020 2019 Poientially payablewithin one year Potentially payable within to live years Potentially payable after live years 212,0￿) 173,0(K) 189,CQO 146,500 30.000 385,000 365.SOO 2020 2019 Movements on grants payable were as folkiws.. At l January 2020 Increase in potentially payable grant5 Paid during the year 365,500 264,000 1244,5001 501,000 133,000 1268,5(K)I At 31 December 2020 385,COD 365.500 31