THE TOWN ESTATE CHARITY SIBFORD GOWER AND BURDROP
Registered charity number 253440
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
Five trustees are nominated by Sibford Gower and Burdrop Parish Council (four-year terms, renewable) and four are co-opted by the general body of trustees (five-year terms, renewable). Trustees who served during the year were:
John Berry (co-opted)
Joan Broady (Parish Council nominee)
Paul Clayson (co-opted)
Brian Heather (treasurer; Parish Council nominee)
Tracey Morbey (Parish Council nominee)
Peter Morgan (secretary; co-opted)
Oswyn Murray (meetings chair, Parish Council nominee)
David Spackman (co-opted)
Jean White (Parish Council nominee).
Secretary and Address of Charity
Peter Morgan is the secretary.
The Charity’s address for correspondence is Pond Cottage, Sibford Gower, Banbury, Oxfordshire OX15 5RT.
Structure, governance and management
The Charity is regulated by a Charity Commission Scheme including appointment of Trustees dated 9[th] August 1996. Trustees are appointed as detailed above.
Objectives and activities
The purposes of the Trust set out in the Scheme are to apply income after expenses as follows:
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One third for the relief of need, hardship or distress of persons resident in the area
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One third to provide special benefits for Sibford Gower Endowed Primary School
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One third for the general benefit of the inhabitants of the area.
Applications for grants that fall into the abov• utegories are considered by the Trustees, with due regard to the guidance issue(I by the Charity CommissK)n on public benefft. The TTu5tee5 met four time5 in 2022, 5upplernented by much elertronic discUssn, and thè Chartty was able to make a number ofgrants supportbrv4 the Ic1 community. Individts and primary school. The attounts show that the rnaln source of Income. rentsl from familands and other properties, remained stable as were the maintenance and other costs for the Thd and property. Surplus reclpts before dlstribution amountsd to £3I.E4. The Charlty tonts'nu•s to fund thiropody strvices and personal alarms. and contributes towards the funding of a number of village community organisats'ons. It also pays for half of the maintenance cost of its'millennium Field., an attrath've and well used amenity for vill•gers. Other major grants included £2,561 for a dishwasher at the Village Hall and £2,157 to meet105ses In¢urrd by th• vllla8è primary school in providing a Bfeakfast Club •nd a After School Club. Dlstributions m•de in •ccordance with the Ch•riiVs rules wer• as ftAIows: Rellef in Need £1.019 Genernl Benefit £5,136 Prlmory Scho £2.157. Hnand•l r•bl•w kn th• y••r Surplus recelpts bdore dlstribullon were £31.608 and amounts p•ld ¢xrt for the purposes atw wer¢ £8.312 leavlng an xtess of rettlpts 0r p•yments of £23,296 that has been added to accumulated distributable funds. A decrease in the year end value of the Charirfs Investment funds of £18,145, reflerting Stock market flurtuab'ons was subtrarted from the distributsble funds, which totslled £252,482 as at 31 Oetember 2022. Th¢ distributable fvnds repr¢sènt the accumulated surpluses attrlbutsble to the threè puwes of the ¢harlty •nd avallabl• for pawnent should thè need for puyments or distrlbutions exceed the avail•ble income in any partkular year. Dedarafjon The tnjstees declare that they have approved thè trustets, report bove. Signed on behalf of the trustees: Peter Morgan 19 April 2023
Independent Examirberfs Rewt to the Trustees ofthe TMI Estates Charity for the year end 31" December 2022 I rewrt on the accounts of the Charity for the year ewKled on 31° tYecember202Z as set out on the ft>llowin8 five pages. R•spIrte re5pon51bllStl•s olthe trusto•s and examlner As the ChaTitV5 trustees you a responsible for the preparatK•n of a¢counts. You consider that the audit requirement of section 43121 of the Charities Act 1993 Ithe Act) does not apply. It my SponsIbl11ty to state, on the basis of the procedure$ specified in the Genèrdl txrections Brven by the CharTty Commlssloner5 under sectlon 4317llbl of the Act, whether partkular matters have come to my attention. B•$ls of th• Ind•p•Nlent •xamln•rfs report My examination was carried out In acrdanCe wlth the General DIrertnsB1¥en by the Char Commissioners. An examination irKludes a review of the accounting records kepi by the Charlty and a comparfx)n of the accounts preseffled wlth those records. rt also Includes consideration of any unusual items or dis¢105ures in the accounts and seekin8 explanations from you as trustees concernin8 any such matter5. The procedures undertaken do not provide all the evidence that would be re9ulred in an audft, and conwuentty I do not express an audlt oplnknn on the vlew 8lven by the accounts. Ind•p•nd•nt •Mmln•rfs sl•tem•nt In connectlon wlth my examlnation, rK) matter has come to my attention: al Which 8lve5 me reasonable cause to belleve that In any materS•l respect the requirement5'. To keep a¢countln8 records In accordance wtth secth)n 41 of the Act,. and To prere accoun15 which a¢¢ord with the accouniin8 records and io compty with the accounting requirements of the Act in 50 far as this applies to the leiptS and payments basls. have not been me¢. or bl To whlch, In my oplnk+n, attenlbn shoukl be drawn In order to enable a proper understandirvd of the accounts to be rea¢hed. S Wilson Woodway Fami Sibford Ferries Banbury OX15 50A
JJJI 71 17M15
THETOWPI ESrATECHARITY-SIBFORDGOR AND BURDROP REIPTSAND PAYMENISACCOUNT 825 io ht H(MJse Mast% WaeaveS 217 &650 217 27.576 71752 44,292 148 156 497 177 3351 W2 5517 aritaLYe jnO5. SUTLCa2eThive (tsity Equtyval¥yTr1A Inct•))e 1454 6939 78.277 SI7 515 1212 Wheathills FanTr&ables 1674 Y7S miln1m Fd Trustee MVryrn5t5lhireolmeth rcwl 3589 27576 1re{cFj 19,779 29,692 3L6C4 IA79 3.112 12.647 Relief in fieed L019 83J2 25.296
APPORTIONMENTofSURPLUS AlpT5 2021 29.692 31.f 9,897 4C66 P•pJ ¢•Jtknwar 8,379 9097 1,479 36 LOJ9 Pakloutin aT 9517 9.897 36 17 Total BHknceat l*J8nuary2022 247.331 2022 9517 23296 18,145 B7knce at3tst Eecember2022 75 74647 252.482
THE TOWN ESTATE cHARy-S1BFoAD GOWER AND BURDROP NOTESTO THE ACCOUNTS Year Ended- 3tst December 2022 Distributiofts Rellef In f4eed Communty Alzrms Fieldin8 Day Centre- Lunthes Chiropodist 631 1.019 General Benefrt 5ibford Lunch Club (Willage hall) Dishwasher Friendship Club Christmas Outing Hirel Sibford Tots & Babe5 IIDsurante & Willage Hall Fees) Kenya Trip I11 pupils) chartty work donat Jubilee Celebration FlWorkS & Insuran Sibford Youth Drama Group (Village Hall Feesl Fielin8 day Centre- Choirs Sibford Players (Willage Hall Fees) Sibford Surgery Staff Thankyou 2.561 59S 470 356 350 224 150 5.136 Sthool Breakfast Club & Aftersthod Club k)ss 2021 2.157 2,157 8312 TOTAL