Charity registration number.. 247891 Ann Pytt's Charity Annual Report and Financial Statements for the Year Ended 3 1 December 2024
Ann Py¢t's Charity Contents (continued) RefenCe and Administrative Detai15 Trustees, Report 2to4 Statement of TrUse5, Responsibilities Independent ExamineT'S Report Statement of Financial A¢tivitie5 B21anc¢ Sheet Noi¢s io the Financial Statements 9t016
Anll Pytt's Charity Reference and Administrative Details Trustees Andrew Jer¢my Carter Nicholas John Lucas Chance Angus John Cordy-ssmpson Rev Thomas David Putt obin Meech Nigel John StTe¢t 247891 Chxrlty Rtglstradon Numb¢r Principal Office 12 Snow5hill Drive Wiiney Oxfordshir¢ OX28 5GT Indtptlldent ExamItr MJ Wright FCA Just Audit & Assurance 37 Market Square Witney OxfoTd5hire OX28 6RE Bankers Lloyds TSB Burtord TSB Bank Po Box 453 Mitcheldean GL149LR Page I
Ann Pytt's Charity Tru8tees' Report The twst¢¢s present the annual report together with the finan¢ial statements of the charity for the year ended 31 December 2024. Objective5 Activities Objeets ondalms Originally for the advancement of ihe education of children of residents of Swinbrook and Widford, when the Sivinbrook School ¢losed, all the residue of the annual net amount was to be put toward the cost of repairs of the fabric of the Parish Churches of Swinbrook and Widfoixl. Th¢ church of Asihall was subsequently included. The costs to be in su¢h proportions as the trustees think fit. In 2025, the objcGts of the charity were widened as follows: The residue of the annual incom¢ of ihe Charity shall be applied by the Trustees in such proportions as they shall think to advance religioD by.. l. The maintenance, repair and enhancement of the fabrics of the Parish Church of Swinbrook, the Pai'ish Church of Widford and the Parish Church of Asthall,. atjd 2. Supporting the religious and other chariiable work of the Church of England in the sètd ecclesiastical parish of Asthall. Swinbrook and Widford The charity holds various par¢¢15 of land in the parish of Bampton, OxfordshiTe. on which it generates rental income. The income is accumulaied itt th¢ charity and granted to m¢¢t the cost of repairs of the fabric of the Parish Churches of Sivinbrook, Widford and Asthall and io support the rcligious and charitable work of the Church of England in the said eccle$iasii¢al parish of Asthall, Swinbrook and Widford. Future Commiiment to Vill&ge Hall Renovaiiotj Prior to the change in objects, the trustees had agreed to allo¢ate £50.000 towards the renovation of Swinbrook Village Hall, which wa5 an original charitable vbject. The grant will be Teleased once invoices have been received from contractors totalling the full atnount of the grani off¢red. The purpose of the improvements is to make the village hall usable for the benefit of the chur¢h and i'illage of Swinbrook. Public belleJ71 The trustees confirm that they have had regard to guidan¢e i55uoJ by the Charity Commission on public benefit. Achievements ptrfom#n¢e Io line with its objectives, the charity granted £17,000 ioivard5 the renovation of the much admired attd historically 5ignificani Fetlipl(tc¢ Monuments in Swinbrook Church during 2024. Page 2
Alln Pytt's Charity Trustees, Report (continued) Financial review 2024 Saw the Sale of 3 3 acre parcel of land at Aston Road in Bampton, for gross proceeds of £600,000. plus overage payable in future years should the purchaser obtain planning permi55ion IOT future housing. The sale contributed to the £620.055 increase in income from £6,942 in 2023 to £631,457 in 2024. The charity also benefitted from new rental arrangement5 in respect of a parcel of land north east of Buckland Road in Bampton. overall rental income increased from £4,580 to £5,830 in 2024. Dividend income also incrcased from £543 10 £1.176, wilh a much larger incr&2se in interest income from £1.806 to £10.610, as a result of the investment of the brought forward reserves and the net proceeds from the Sale of land in th¢ CCLA Deposit Futtd. Expenses also increased in 2024 - from £15,717 to £52,891- primarily attributable to £21.490 PTofessional fees 12023.. £nill incurred in the sale of the land. The charity also incurred £9,48812023- £nil} in general legal fee5 for the review of obje¢tives of the ¢harity including in the context of the land sale. A grant of £17,000 {2023.. £15,OIM)I was also made to Asthall and Swinbrook with Widford PCC to paitially fund the renovation of the Fetiiplace Monuments in Swinbrook Church. Land agency f¢¢5 remailled ut]changed at £687; like with the £30 annllal iransfer, required under the ¢onstitullOrt of the Charity, io the Swinbr¢x)k & Widford Education Charity. The charity also made a gain of £3,204 {2023.. £3,146) on movements in inve5trnents in the CCLA Investment., the charity has transferred all of its investment assets io the CCLA Deposit Funds. Largely as a result of the sale of the land at Aston Road, the charity generdted a surplus of £581,770 in 202412023.. deficit of £8,775}, and overall reserves increased from £108,712 to £690.482. Of these reserves, the £50.000 Commitment to renovation of SwinbTook Village Hall is at the dis¢retion of the TTUStees and included in Designated Funds. All other r¢5eTves deemed vnT¢StTi¢ied. Poll¢y om reseryts Reserves have a¢¢uTnulaied over time as in¢ome has gen¢vdlly ouistripped ¢xpendi¢ure. Th¢ undistribllted income may all bc Eranted to the charity's stated beneficiaries. The approved grant Eo Swinbrook Village Hall ha5 bcen in¢luded in De5ignat¢d Fund5. The reserves held at 31st Decetnber 2024 totalled £690,482 12023= £108,712). The reserve5 were held in a bank account and CCLA deposii funds. £50,000 ol-the reserves are in¢luded in Designaied Funds and remaining reserves of £640,482 are deemed unrestyi¢ted and may be distributed. No reserves are held at zero. There 15 no fund in deficiL P14n$ for future period5 Coing concern The Tru5tee5 consider that there are no financial concerns or concems as to the ongoing viability of the charity. Pag¢ 3
Ann Pytt's Charity Tru5tees' Report (continued) Stru¢tureJ governAnct and m#nagement Nulure ofgovérnl#g document The Ann Py(Is Charity 15 governed by a charitktble trust deed dated 2nd May 1966, a5 amended by subsequent s¢h¢me$ approved by the Charity Comtlli55ion. The governing document sets out the charily'5 objects, powers, and adminisirhtive aTrangements, including the appointment and responsibilities of Iru51ees. The charity is registered with the Charity Commission for England and Wale5 and operaies in accordance wsth its governing document and applicable charity law. Recrulim#i UndappolNlmet ofirN51ees The trustees 5¢r¥ing in 2024 recogrtised the need to recrttil &nd appoint trustees who would be able to tske the charity foiward following th¢ sale of charity land for £600,000. With this in mind four new tNstees were appointed to the ¢haTity when four of the existing tLWStees resigned their positions. Induclion ofirMslee5 The four new trustees bTing to the chai'ity ext¢nsive commercial skills irt the areas of investment and fin2n¢e, legal knowledge, property management and ¢haTity accounts. In addition, one of the Teliring tnjstees has provided an extensive brEefJng ofthe history and curreni status of the charity to the new trustees. Relationshkps wlth r¢l&ted partie5 One current trustee and otte retiTLng trustee have twstee Toles in related ¢haTities, and these ini¢rest5 have been declared at trustee meetings and taken into considerdtion ivhen trustee decisions have been made. No conflict of interest has arisen a5 a result. Page 4
Ann Pytt's Charity Stgdtement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. report and the financial statements in accordance with the United Kingdom Accounting Standards {United Kingdom Gen¢r&lly Accepted Accounting Practice) and applicable law and regulations. The law applicable to chaTitie5 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affails of the charity and of the incoming resources and application of resour¢es of the ¢harity for thai period. In preparing th¢5¢ fLnanGial 5tstellJents, the trust¢¢s are required to.. select suitable accounting policies and then apply them consisiently; observe the methods and principles an the Charities SORP., make judgements and estimates that are aSOnAble and prud¢nt- state whether applicable accounting standards have b¢ell followed, subject to any mat¢ria] departUS dis¢losed and explained IE) the financial statements,. and prepare the financial statements on the going concern basis unless it is inappiDpriate to presume that the eharity will continue in business. The twstees are responsible for keeping proper aceounting records that disclose with reasonablc a¢¢uTaGy at any time the financial position of the charity and enable them to ell5ure that the financial statements comply with the Charities Act 2011. the Chariiies (Accounis and Reports) R¢gulations 2008, and the provi5ion5 of the Gon5titution. The trustee5 are a150 responsible foi. safeguarding the assets ot. the charity and hence for taking reasonable st¢ps for the prevention and deteciion of fraud and other iTgularities. The trustees are responsible for the maintenance and integrtty of the ¢orpordte and financial information included on the Gharitable company'5 website. Legislation goveming the preparation and dissemination of finanrial 5tatem¢nts may differ from legislation in other jurisdiGtion5. Approv¢d by th¢ Irusiees of th¢ ¢harity on 17 October 2025 and 5ign¢d on its behalf by.. Andrew Jererny Carter Trustee Rev Thomas David Putt Trustee Pag¢ 5
Pytt's Charity Independellt Examiner's Report to the trustees of Ann Pytt's Charity I report lo the tyustees on my examination of the accounts of Ann Pytt's Charity for the year ended 31 December 2024. Respooslbllltlts gnd bAsts of rtport As the charity tTU5tees of Ann Pytes Charity you are responsible for the preparation of lh¢ a¢¢ounts in accordance with the requirements of the Charities A¢1 2011 I'ihe Act'l. I report in respect of my examination of the Ann P)tt's Charity's accounts carried out under section 145 of the 2011 Act and in canying out my examination I hav¢ followed all the applicable Direciions given by the Charity Commission und¢r s¢ciion 14515llbl of the A¢1. Independent exarniner s statement Since Ann Pytt's chI1ty'S ¥r()ss irt¢ome ex¢eeded £250,000 your exatlliner must be a member of a body Itsted i Section 145 of the 201 I Act. I confinn that I am qualified to undertake the examination because l am a member of ICAEW, which is one of the list bodics. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving tll¢ cause to believe that in atly tnateriol re5P¢Ct'. accounting records were not kept in respect of Ann Pytt's Charity as required by Section 130 of the Acl. or 2. the accounts do not accord with those records., or 3. ¢h¢ a¢¢ourtis do not comply with the accounting requirements concerning the forni and content of a¢¢ounis set out in thc Charities (Accounts and Reports) ReEulalions 2008 other than any T¢qUITement that the accounts give a 'true and fair view. which i5 not a matter considered &s part of an indepettdeni exatnination. I have no ¢ots¢erns and have ¢ome a¢ross no otheT Tnait¢rs in connection with the examination to which attention should be dramm in this report in ord¢r to ¢nabl¢ a proper understanding of the account5 to be reached. M Rus5¢11 FCA ICAEW Just Audit & Assurance 37 Market Square Wilney Oxfordshire OX28 6RE 17 October 2025 Page 6
Ann Pytt'5 Charity S¢atemellt of FinAncial Aclivities for the Year Ended 31 December 2024 Unrtstrlcted funds Total 2024 Total 2023 Nots 1COme gmd Endowments from: Donations artd legacies Investment income Rental income Other income Wayleave 13,827 11,786 5.830 600.000 14 13,827 1,786 5,830 600,000 14 2,348 4,580 14 Total inc4)me 631,457 631,457 6,942 Expenditure OTI.. Charitable activities Legal and professional fees Total expenditure Gainl05S¢S on investment assets 28,656 24,235 28,656 24,235 15.717 52,891 3,204 52.891 3,204 15,717 Net incomel{expenditure) Net movement in funds 581,770 581,770 {8.775) 581.770 581.770 (8,775) Reconciliation of funds Total funds brought foThvaTd 108.712 108,712 117,487 Total fund5 Caled forward 14 690,482 690,482 108.712 All of the charity'5 activitie5 derive froTn Continuing op¢ra¢ions during the above two periods. The notes on pages 9 to 16 form an integral part of these financial statement5. Pag¢ 7
Ann Pytt's Charity (Registration number: 247891) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed Assets Investments 53,560 Currtttt 455ets Lloyds TSB current account COIF d¢posit account COIF deposit account 12,965 50,000 635,054 1,591 53,561 698.019 55,152 Cr¢ditor5'. Amounts falling due whthth ont y¢ar Net ellrrent *s$tt5 12 7.5371 690,482 55,152 r4et A85ets 690.482 108,712 Funds of the tbarlty: Unrestricted income funds Unrestricted funds 690,482 108,712 Total funds 14 690,482 108,712 The financial slatem¢nis ort page5 7 to 16 were approved by the tTU5tee5. and auihorised for issue on 17 O¢tober 2025 and signed on their behalf by.. The notes on pages 9 10 16 fortn an integral part of these financial statements. Pèg¢ 8
Ann Pytt's Charity Notes to the Financial S¢a¢ements for the Year Ended 31 December 2024 l Actountlng policles StAtement of tompliance The financial statement5 have been prepared itl aG¢ordan¢e with the second edition of the Charities Statement of Recommended Practice i5sud in Octobei. 2019, the Finan¢ia] Reporting St2ndard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charitie5 Act 2011. B9sls of preparAtlon Ann Pytt's Charity mttts the definition of a public benefit entity under FRS 102. The a¢¢ounis {financial statements) have been prepaTed under th¢ histori¢ ¢ost wnvention with items recognised at cost or transaction value unless otherwise slated in the relevant notelsl to these accounts. GolnE Qollter The Iruslees consider thai there are no material uncertainties about the charity's ability to Gontinu¢ as a going concem. Income and endowments Volulltary income including donations, gifts, legacies and gTanis thai provide ¢ore funding or are of a general nature is Fecogni5ed when the charity has entitlement to the income, it is probabl¢ that the income will be received and the amount can be measured with sufficient reliability. DelérrerflM¢on Deferred income repwenis amowits received for future periods and is released to incomin8 re50urce5 Ln the period for which. it has been receiv¢d. Such income is only deferred when.. The donor 5pecifJes that the grant or donation must only be used ill future accounting period5- OT The donoT has itnposed ¢ondilions whi¢h must be before the chariiy has unci)nditional entitlement. IRve51menlincome Dividend5 are recognised once the dividcnd ha5 been declarcd and notiflcation ha5 been r¢ceiv¢d of the dividend due. Expethdltur¢ All expenditure is re¢ognised once ther¢ is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be m&Ured reliably. All costs are allocated to the applicable expenditur¢ heading that aggregate 5iTnilar costs to that Gategory. Where ¢ost5 rannot be dIlIY a¢lribuied to partibular headings they have been allocated on a basis constsient with the use of resources, with central staff costs allocated on the basis of time Spent, and depreciatloll charges allocated on the portion of the a5set'5 use. Other 5UPPOrt Costs a allocated based on the 5PTead of staff ¢05ts. Pag¢ 9
Anll Pytt's Charity Notes lo the FillanciAI Statements for the Year Ended 31 December 2024 (continued) Churlloble ocllvllies Charitable expenditure comprises those costs incurred by lh¢ Charity in the delivery of its activities and services for its beneficiarie5. It include5 both cost5 that can be allocated directly t() $ll¢h a¢tivitie5 and those costs of an indirect nature necessary to support them. GrnAlprovlslons Provisiorts for giants are made when the intention to make a grant has been communicated tts Ihe re¢ipLent but Ih¢Te is uncertainty about either the liming of the grant or the atnount of grant payable. Covernance eosts These include the costs attributable to the charity's compliance with constitutional and statutory requirements, in¢ludirtg audit, str#tegi¢ management and trustees meeting5 and reimbursed expenses. TAx*tion The charity is considcred to pass the test5 set out in Paragraph I Schedule 6 of the Finance A¢t 2010 and therefore it meets the definition ora charitable company for UK ¢orpoTation tax puiyoses. Accordingly, the charity is w)ieniially exempt from taxation in respect of income or capital gains received within ¢at¢goT1¢5 covered by Chapter 3 Part I I of the Corporation Tox Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable puryoses. Fixed a55et investments Fixed asset investments, Other than programme related investments, are included ai market value at the balance sheet date. Reali5ed gains and losses on investments are calculated as the difference between sales Proceeds and their market value at the start of the year. or iheir subsequent cosL and are charged or credited to the Stsiement of Financial Activities in the period of disposal. Unrealised gains and losse$ represent the movement in maTket value5 during the year and are credit¢d or ¢harged to Iht Statement of Financial Activities based on the market value at the year end. Cash cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and oiher short-temi highly liquid investments that are readily ¢onv¢rtibl¢ to a krtown amount of cash and are subject to an insignifjcant risk of change in value. Fund strutture Unrestricied in¢om¢ fllnds are gener funds ihai are available for use at the trustees discretion in furthernnce of the objectives of the charity. Designated fund$ are unre$tricted fllnds set aside for spe¢ifi¢ purposes at the discretion of the truste¢s. Page 10
Ann Pytt's Charity Notes to the Financial Statements for the Year Ended 31 December 2024 {continued) 2 Income from donxtlons and legacles Unrestrleted fund5 G¢n¢r#l Total funds Donated services and facilitie5 13.827 13,827 Total for 2024 13.827 13.827 3 Investment Antom¢ Unrc$tri¢ted funds General Total funds Interest receivable and similar income: Interest receivable on bank deposits Other incomc from fixed asset investments 10,610 ,176 10,610 1,176 Total for 2024 11,786 11,786 Total for 202J 2,348 2,348 4 Other Intomt Unrestricted ds General Totsl fund5 Rental income 5,830 5,830 Total for 2024 5.830 5,830 Tot#1 for 2023 4,580 4,580 Page I
Ann Pytt's Charity Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) During the fjnancial year, the chariiy completed ihe sale of a par¢¢l of land located li) Bampton for gros5 proceeds of £600,000. The land had historically genei'ated rental income for the charity but was not previously recognised ort th¢ balance Sheet a5 a fixed a55et inv¢5ttntnt. a5 It had been held at nil value due to the absence of a formal valuation. A550ciated Selling costs totalled £13.628 ill agent fte5, £7.826 in legal fee5. and £36 in bank charges. In addition, Ihe ¢harity received ¢onti'ibutions of £6,000 and £7,826 from the pllrchaser towards agent and legal costs respectively. The net gain realiscd from the disposal was £592.336. The proceeds from the $ale will be applied to SUprt the charity's revised ¢haritable obje¢tive5, following the fomial change in its goveming documents. These objectives now focus on suppoiiing the ministry and fabric of thr¢¢ Church of England churches of A5thall, Swinbrook and Widford PCC Thi5 gain is recogniscd as other in¢otne in the Sta*ment of Financial A¢tivities and presents a one-otTtran5action outside the charity's normal operating activities. 5 Expendlturt on thAritAble activitie5 Unrestrlcted funds Genergl Total 2024 Total 2023 Note Grant fvnding of a¢tivities Gov¢man¢e Costs 17,030 1,626 17,030 11,626 15,030 687 28,656 28,656 6 Other expenditure Unrestricted fund$ Genergl Total funds Note Legal fees 24,235 24,235 Tot#1 for 2024 24.235 24,235 Pag¢ 12
Ann Py¢t's Charity Notes to the Financial Statetllents for the Year Ended 31 December 2024 (continued) 7 Au#ly5is ofgoverNance support Costs Governante cost5 Unrestrieted fund$ GenerAI Total 2024 Total 2023 Legal fees Other governance Gost5 9,490 36 9,490 36 687 9,526 9,526 687 8 Trustees remuneratlon and txpenses No trust¢e5. nor any person5 connected with them. have received any remunerntioo from the Charity during the year. No trustees have received any reimbursed expenses or any other benefits from the ¢hari¢y during the year. 9 Independent exgmlm¢r'$ r¢mun¢r#tlon 2024 Othtr f¢¢$ to ex#miner5 Examination-related assurance Services 2,100 10 Taxatlort The charity 15 a registered charity and is therefore exempt from iaxation. 11 Fixed asset investments 2024 2023 Other investm¢nL8 53,560 Page 13
Ann Pytt's Charity Notes to the Fin*llciAI Statements for the Year Ended 31 December 2024 (Continued) Other InveStmets Unlisted Investm¢nt$ Totxl C05t or Valuation At l January 2024 Revaluation Additions Disposa15 53,560 53,560 3.204 3,204 574,336 574,336 1631,100} (631,11)0) At 31 De¢etnber 2024 Net book value At 31 December 2024 At 31 December 2023 53,560 53.560 The charity owns two parcels of lattd that gen¢vdte rental incotne- Land at the etjd of Oggs Lane, Bampion, Oxfordshire, OXZ18 2FW Two parcels toialling approximately 15.7 acres14)cat¢d north east of Buckland Road, Bampton, Oxfordshire. OX18 2AA These PTopertie5 have historically provided mod¢5t rental income to the charity. However, the trustees have not been able to obtain reliable valuations for these 055ets and. as such, they have not been recognised in the financial statements as fixed asset investments. The trusiees continue tts review the staius of these holding5 and will consider obtaintng formal valuations in fvture periods to &8sess their inclusion in the charity's ba12nce sheei. 12 Credltors: falling dut within one year 2024 A¢¢ruals Deferred income 6,287 1,250 7,537 Page 14
Ann Pytt's Charity Notes to the Finan¢ial Statetllents for the Year Ended 31 December 2024 (eontinued) 13 Cothmitments Other financial commitmtots The trustees have approved a future commitment of £50,000 towai8 the renovation of Swinbrook Vtllage Hall. This ommitment was tnade prior to the changc in charitable objects and is expected to bc fulfilled in the next financial year. As at the balan¢e shcet date, no expenditure has been inCud, and no ¢ontractual obligation exists. Accordingly, this amount is dis¢losed as a tutur¢ commitmettt rather than a liability. The total amount of other financial commitrtients not provided in the financial statements was £50.OW {2023 - £Nil). 14 Funds Balance At 31 BAlgn¢e at I January Incomlllg r¢$ourtes Resour¢¢$ ¢xpended Detember 2024 Transfers 2024 UTtrestriettd fuJd5 General 108.712 634,661 152.891) 150,1)001 640,482 Designaied 50,000 50,OIK> Total funds 108.712 634.661 52,891} 690.482 Balante #t 31 December Bolance At I J8nu8ry2023 Incomlrtg rtsources Resources expended 2023 Unrestricted funds General 117.487 6,942 {15,717 108.712 Page 15
Ann Py¢t's Charity Note5 to the Finan¢i81 Ststements for the Year Ended 31 December 2024 (continued) IS AnAIysi5 of D¢t gsstts between fuvds Total fuNd$ at 31 December 2024 Unrtstricted fund5 General De$ignAttd Currertt assets Current liabilities 648,019 17,537 50,000 698,019 7.537) Total net assets 640.482 50,000 690,482 Unrestricted funds GtnerY41 Total funds At 31 December 2023 Fixed asset investments Current assets 53,560 55,152 53,560 55,152 Total net assets 108,712 108,712 Page 16