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: cO￿pted)
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 H￿htown 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 Re￿dents
Warni (Villa8e Hall)
Chiropodi5t
Fddire Daycentre. i￿￿he5
32
3.191
Frlendshlp aub Oulin8s Icoath Fffirel
Coronatton CelebratK)n t￿natIOn 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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