THE TOWN ESTATE CHARITY SIBFORD GOWER AND BURDROP Registered charlty number 253440 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Truslees Five trustees are nominated by Sibford Gower and Burdrop Parish Council Ifour-year term5, renewable) and four are co-opted by the general body of trustees Ifive-year temis, renewablel. Trustees who served during the year were: John Berry Iccwptedl Joan Broady (Parish Council nominee) Paul Clayson {co-OPtedl Brian Heather (treasurer- Parish Council nominee) Roger Mallows (Parish Council norninee, appointed December 20231 Tracey Morbey {Parish Council nominee) Peter Morgan Isecretary: cOpted) Oswyn Murray (meetings chair, Parish Council nominee} David Spackrnan Icctroptedl Jean Whste (Parish Council nominee. tenn ended November 20231. Secretsry and Address of tharlty Jan Thompson was appointed as secretary in April 2024. The Charitvs address for correspondence The Lor8 House, Sibford Ferris, Banbury. OxFord5hire OX15 5RG. Structurej governano and manag•n•rt The Charity is regulated by a Charity CornrnissTron Scheme including appointment of Tnjstees dated 9, August 1996. Trustees are appointed as detailed above. Oblectlves and attivities The purposes of the Trust set out in the Scheme areto appty income after expenses as follows: One third for the relief of need, hardship. or di5tres5 of persons resident in the area One third to provide special benefits for Sibford Gower Endowed Primary School One third for the general benefft of the inhabitsnts of the area. Applications for grants that fall into the above categories are considered by the Trustees, with due regard to the guidance issued by the Charity Commission on public benefit.
Athlevernents and perfOrnI(e The Trustee5 met four times in 2023. supplemented by much elertronic discussion, and the charity wa5 able to make a numberofgrants sUPPQrtin8 the local communrty, individuals. and the primary school. The accounts show that the main source of income, rentsl from farmland5 and other properties. decreased by nearly £9.IJKI in 2023 cornpared to 2022. This was due to vacancies over much of the year at the Wheathills Farm stables and the School House. The School House has now been re-let and Wheathills Farrn has been recently let out mainly as an agricutturdl small holding rather than for livery. Maintenance and other costs increased at Wheathills Farrn and the school House in preparation for the new tenants resulting in a reduction in the surplus before distribution from £31,608 in 2022 to £18,271 in 2023. The Charity continues to fund chiropody services and personal alarms. and contributes tosvards the funding of a number of villagè community organisations and acb"vrties. It has also paid for half of the maintenance cost of its 'Millennium Field, an attractive and well used amenity for villager5. other major grants included £9.225 towards the primary school's outdoor learning projecL a training grant of £l,lJJ). £910 towards coach hire for village Friendship Club outings and £756 towards a Christmas lunch for elderly residents. Distrlbutions made in accordance with the Charivs rules were as follows: Rellef in Need £3,191 General Benefrt £4.445 Primary School £9,297. Flnanaal review for the year Surplus receipts before distribution were £18.271 and amounts paid out for the three purposes above were £16,933 leaving an excess of receipts over payments of £1.338 that has been added to accumulated distributable funds. An increase in the year end value of the Chariws investment funds of £8,642, along with £8.610 proceeds of a charity bond closure have been added to the distributable funds. which totalled £271.072 as at 31 December 2023. The distributable funds represent the accumulated surpluses attributsble to the three purposes of the charity and available for payment should the need for payrnents or distributions exceed the available income in any particular year. Declarailon The trustees declare that they have approved the trustees, report above. Signed on behalf of the trustees: Peter Morg 17th April 2024
Independent exarninerfs report to the Trustees of The Town Estate Charity I report to the trustees on my examination of the accounts of The Town Estate Charity (the charity) for the period ended 31 December 2023. Responsibilities ond bosis of report As the charrty trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Art and in carrytng out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent exominerfs stotement I have compleled my examination. I confirm that no material matters have come to my attention in connection with the examination gNing me cause to believe that in any material respect.. 111 accounting records were not kept in respect of the charity as requrred by Section 130 of the Act. or 121 the accounts do not accord with those records. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in th report in order to enable a proper understanding of the accounts to be reached. Slgned.. Name-. Hermione Hymers Relevant professional qualification or membership of professional body lif any).. ICAEW Address.. Penrose House, 67 Hhtown Road, Banbury. OX16 98E. Date= 21" October 2024
2022 SY) 1310 5.671 xic 217 K) 5.IlY) 217 44292 35333 148 lrtpJÈst: LIO) 149 8,610 6339 16,077 51387 suio 1674 3h18 lfflsurnn LO376 .779 629 &610 9297 3J91 Im9 eFlfrNeed 4312
31.f 271 10536 2,157 8379 POKI cth 9297 3.207 10,536 1.0 9517 PaKlout in ytsr 3,191 1899 10.536 5.136 P3•J tyjt in ¥r 4A45 L645 23296 1,338 Totsl Babance at 15tJ•fiuary 2023 I(00 76.647 252A82 Add 2023 SurF4u5 3207 8,642 U70 8,610 BèlaKe at 3tst DeEembw 2023 rn358 1(*.6n 27L072
Year Ended. 3tstDecernbEr2023 Rdlef In 14eed CommunrtyAkam& Key5afe5 Tr¥ln8 fjrants Corrtdbutlon Christmas Lurth for Redents Warni (Villa8e Hall) Chiropodi5t Fddire Daycentre. ihe5 32 3.191 Frlendshlp aub Oulin8s Icoath Fffirel Coronatton CelebratK)n tnatIOn trabbes & Ihalrs Hire) 5Trbford Ifilw Hall- Ekntrkal Wor* Tots & Bates Group (Willage Hall Feesl Sobford Vlllage Hall- Lhjnatlonto Marquee Purtt45e sitrford knre. tk)nattonto Costs Yotrth Drama Group (Willa8e Hall Fees1 Nets & Pole5 for Willa8e Pond 910 702 696 611 51X) 5¢Y) 3n 4J45 Outckxr Lthmlng Pwlett Bell ReroiT 9225 9.297
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