THE TOWN ESTATE CHARITY SIBFORD GOWER AND BURDROP
Registered charity number 253440
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
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)
Roger Mallows (Parish Council nominee)
Tracey Morbey (Parish Council nominee)
Peter Morgan (secretary until April 2024; co-opted, term ended October 2024)
Oswyn Murray (meetings chair, Parish Council nominee)
David Spackman (co-opted, term ended August 2024)
Emma Haskew (co-opted, October 2024)
Secretary and Address of Charity
Jan Thompson was appointed as secretary in April 2024.
The Charity's address for correspondence is The Long House, Sibford Ferris, Banbury, Oxfordshire OX15 5RG.
Structure, governance and management
The Charity is regulated by a Charity Commission Scheme including appointment of Trustees dated 9
August 1996. Trustees are appointed as detailed above.
th
Objectives and activities
The pijrposes of the Trust set out in the Scheme are to apply income a[er expenses as follows:
One third for the relief of need, hardship, or distress of persons resident in the area
One third to provide special benefits for Sibford Gower Endowed Primary School
One third for the general benefit of the inhabitants 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.
Achievements and performance
The Trustees met five times in 2024, supplemented by much electronic discussion, and the Charity was able
to make a number of grants supporting the local community, individuals, and the primary school.
The accounts show that the main source of income, rental from farmlands and other properties, increased
by £6,669 in 2024 compared to 2023. This was due to the successful reletting of Wheathills Farm stables
and the School House. The former has now been let out mainly as an agricultural small holding rather than
for livery.
The Charity continues to fund chiropody services and personal alarms, and contributes towards the funding
of a number of village community organisations and attivities. It is now paying for 100% of the
maintenance cost of its Millennium Field, an attractive and well used amenity for villagers. Major grants
included £13,042 towards the primary school's extensive landscaping works. Distributions made in
accordance with the Charity's rules were as follows:
Relief in Need
£4,838
General Benefit
£2,432
Primary School
£13,042
Financial review for the year
The surplus receipts plus an increase in the year end value of the Charity's investment funds of £10,895
have been added to the distributable funds, which totalled £296,789 as at 31st December 2024.
The distributable funds represent the accumulated surpluses attributable to the three purposes of the
charity and available for payment should the need for payments or distributions exceed the available
income in any particular year.
Reserves Polic
The Charity held distributable reserves at the end of the year of £296,789 (2023: £271,072). These reserves
are considered adequate by the Trustees and will allow the charity to continue its programme of charitable
works in the next financial period. The Trustees are satisfied that no formal level of reserves are required,
as the nature of the charity is the distribution of the monies generated by the non-distributable reserves
each year. The Trustees are aware of the high level of reserves currently held by the Charity, and are actively
considering ways in which to proceed.
Goin
Concern
The Charity has minimal fixed costs, with the main source of expenditure being distributions in line with its
charitable objects which can be made at the discretion of the Trustees. Furthermore, the Charity had a
healthy net asset position at the year end. The Trustees therefore consider that based on the circumstances
existing at the date of the signature of the accounts the charity is a going concern.
Declaration
The trustees declare that they have approved the Trustees, report above.
Signed on behalf of the trustees:
Jan Thompson
th
6 October 2025
| f |
1&sso |
Rents: |
Heath Farm |
f |
18,550 |
|
|
| f |
2,3LO |
|
OtherFarmlands |
f |
2,tto |
|
|
| f |
5,67t |
|
School House |
f |
16,900 |
|
|
| f |
5,100 |
|
Mast Site |
f |
s,100 |
|
|
| f |
3.485 |
|
WheathillsFarm&Stables |
f |
4,755 |
|
|
| f |
2L7 |
|
Wayleaves |
f |
22L |
|
|
|
|
|
0ther |
|
|
|
|
| f. |
35,333 |
|
|
|
|
f |
47,836 |
| f |
t,064 |
lnterest: |
Natwest |
f |
3,73s |
|
|
| f |
36 |
|
CoventryBuilding Society |
f |
42 |
|
|
| f |
1,100 |
|
|
|
|
f |
3,777 |
| f |
149 |
Charitable Funds: |
SUTLCazenove Charity BondZlncome(Fund Closed) |
f |
|
|
|
| f |
4,U4 |
|
SUTLCazenove Charity Equity Value FundZlncome |
f |
5,045 |
|
|
| f. |
8,610 |
|
SUTLCazenove Charity BondZlncomeProceeds(FundClosed) |
f |
|
|
|
| f |
2,474 |
|
CharitiesOfficial lnvestmentFund(COIF) |
f |
2,s20 |
|
|
| f. |
L6,O77 |
|
|
|
|
f |
7,566 |
| f |
52,510 |
|
|
|
|
f |
59,L79 |
|
|
Paym€ftts |
|
|
|
|
|
| f |
1,974 |
Maintenance: |
HeathFarm |
f |
466 |
|
|
| f |
|
|
OtherFarmlands |
f |
|
|
|
| f |
3,704 |
|
School House |
f |
489 |
|
|
| f |
4,722 |
|
WheathillsFarm & Stables |
f |
3,475 |
|
|
| t" |
841 |
|
MilleniumField |
f |
4,353 |
|
|
| f |
83 |
Trustee Meetingcosts(hireof meeting room) |
|
f |
77 |
|
|
|
|
OtherExpenses |
|
€ |
1,308 |
|
|
| f |
3,929 |
lnsurances |
|
f |
4,159 |
|
|
| f |
t0,376 |
Reviewofand Advice |
on Property Portfolio |
f |
9,868 |
|
|
| f |
25,529 |
|
|
|
|
f |
24,L95 |
| -f |
8,610 |
LessCharity BondZlncomeProceeds (Fund Clcsed)asinvestment and not income |
|
|
|
|
|
| *. |
t8,271 |
Surplusreceipts beforedistrihution |
|
|
|
f |
34984 |
|
|
Oistributions |
|
|
|
|
|
| f |
9,297 |
SibfordGower Endowed Primary School |
|
f |
t3,o42 |
|
|
| f |
3,191 |
ReliefinNeed |
|
f |
4838 |
|
|
| f |
4,44s |
GeneralBenefit |
|
f |
2,432 |
|
|
| f |
16,933 |
|
|
|
|
f |
20,312 |
| f |
1,338 |
lletdecrease/increaseinDistributableFunds |
|
|
|
|
14,672 |
| E |
6,O90 |
|
|
| f |
9,297 |
-f. |
3,207 |
| f |
6,090 |
|
|
| t" |
3,19L |
f |
7,899 |
| f |
5,090 |
|
|
| € |
4,445 |
f |
L,645 |
|
|
f |
1,338 |
|
1/3rdSibtordGowerPrimarySchool€ |
1/3rdSibtordGowerPrimarySchool€ |
11,661 |
|
|
| Less |
Paidoutinyear |
t- |
13,o42 |
-f |
1,,381 |
|
U3rdReliefinNeed |
f |
11",661 |
|
|
| Less |
Paidoutinyear |
f |
4,838 |
f" |
6,823 |
|
1/3rdGeneralBenefit |
f |
11",66L |
|
|
| Less |
Paidoutinyear |
f |
2,432 |
€ |
9,229 |
|
|
|
|
L |
L4,672 |
|
|
Sibford |
Gower |
Relief |
inNeed |
General |
Benefit |
|
Total |
|
|
Primary |
School |
|
|
|
|
|
|
| Balanceat |
1stlanuary2024 |
f. |
78,358 |
f |
108,67',J" |
E |
84,043 |
i |
27t,072 |
|
2024 Surplus |
-€ |
1,38L |
f |
6,823 |
€ |
9,229 |
f- |
14,672 |
|
lncrease in Assets |
f |
3,632 |
E |
3,632 |
f |
3,632 |
f |
10,895 |
|
Chequewrittenback |
f50 |
|
f |
50 |
f |
50 |
f |
150 |
|
|
f |
80,659 |
f |
1,19,176 |
f |
96,954 |
f |
296,789 |
| Relief inNeed |
|
|
| SibfordGowerPrimary School(PupilSupport3yrs) |
f |
2,342 |
| CommunityAlarms&Keysafes |
f |
684 |
| ChristmasLunchforElderly Residents |
f- |
572 |
| MedicalEquipmentforResident |
f |
340 |
| Malawi Stationery Donations(PostageCosts) |
f |
302 |
| WarmHub (Village HallFees) |
f |
242 |
| Heating CostSupportforResident |
f |
200 |
| Chiropodist |
f |
96 |
| Lunch Club Taxi'sforResident |
f |
60 |
|
f |
4,838 |
| GeneralBenefit |
|
|
| Tots&BabesGroup(VillageHallFees) |
f |
627 |
| SibfordPlayers (Village HallFees) |
f |
495 |
| Friendship Club Outings (Coach Hire) |
f |
480 |
SibfordVillageHall(ChairswithArms)
YouthDramaGroup(Village HallFees) |
f
t |
300
286 |
| Camplnternational Donation(LocalStudent) |
f |
zso |
|
f |
2,432 |
| School |
|
|
| TreeWorkandOrchardPath Replacement |
f |
7,757 |
| Decorating"NewSchool" |
f |
5,285 |
|
f |
L3,042 |
| TOTAL |
€ |
20,3L2 |
|
|
Current AssetFundsat Fund Manasers, |
Current AssetFundsat Fund Manasers, |
|
|
|
|
|
| Yearended 31't December2024 |
AccountNo. |
Fund |
Tvpe |
Units |
BidValue |
|
|
Date |
| cotF |
8866700017 |
CharityEthicallnvestmentFund |
lncomeUnits |
28730.69 |
f3.0926 |
f |
88,852.53 |
31st December2024 |
| Schroders |
1432230 |
SUTLCazenoveCharityEquityValueFundZlncome |
lncomeUnits |
23804.70 |
f 5.0130 |
f |
119,332.90 |
31st December2024 |
|
|
|
|
|
|
f |
208,185.43 |
|
|
|
|
Asat1stJanuary 2024 |
|
|
f" |
197,290.26 |
|
|
|
|
lncreasein Assets |
|
|
t |
1,0,895.17 |
|
| f |
1&sso |
Rents: |
Heath Farm |
f |
18,550 |
|
|
| f |
2,3LO |
|
OtherFarmlands |
f |
2,tto |
|
|
| f |
5,67t |
|
School House |
f |
16,900 |
|
|
| f |
5,100 |
|
Mast Site |
f |
s,100 |
|
|
| f |
3.485 |
|
WheathillsFarm&Stables |
f |
4,755 |
|
|
| f |
2L7 |
|
Wayleaves |
f |
22L |
|
|
|
|
|
0ther |
|
|
|
|
| f. |
35,333 |
|
|
|
|
f |
47,836 |
| f |
t,064 |
lnterest: |
Natwest |
f |
3,73s |
|
|
| f |
36 |
|
CoventryBuilding Society |
f |
42 |
|
|
| f |
1,100 |
|
|
|
|
f |
3,777 |
| f |
149 |
Charitable Funds: |
SUTLCazenove Charity BondZlncome(Fund Closed) |
f |
|
|
|
| f |
4,U4 |
|
SUTLCazenove Charity Equity Value FundZlncome |
f |
5,045 |
|
|
| f. |
8,610 |
|
SUTLCazenove Charity BondZlncomeProceeds(FundClosed) |
f |
|
|
|
| f |
2,474 |
|
CharitiesOfficial lnvestmentFund(COIF) |
f |
2,s20 |
|
|
| f. |
L6,O77 |
|
|
|
|
f |
7,566 |
| f |
52,510 |
|
|
|
|
f |
59,L79 |
|
|
Paym€ftts |
|
|
|
|
|
| f |
1,974 |
Maintenance: |
HeathFarm |
f |
466 |
|
|
| f |
|
|
OtherFarmlands |
f |
|
|
|
| f |
3,704 |
|
School House |
f |
489 |
|
|
| f |
4,722 |
|
WheathillsFarm & Stables |
f |
3,475 |
|
|
| t" |
841 |
|
MilleniumField |
f |
4,353 |
|
|
| f |
83 |
Trustee Meetingcosts(hireof meeting room) |
|
f |
77 |
|
|
|
|
OtherExpenses |
|
€ |
1,308 |
|
|
| f |
3,929 |
lnsurances |
|
f |
4,159 |
|
|
| f |
t0,376 |
Reviewofand Advice |
on Property Portfolio |
f |
9,868 |
|
|
| f |
25,529 |
|
|
|
|
f |
24,L95 |
| -f |
8,610 |
LessCharity BondZlncomeProceeds (Fund Clcsed)asinvestment and not income |
|
|
|
|
|
| *. |
t8,271 |
Surplusreceipts beforedistrihution |
|
|
|
f |
34984 |
|
|
Oistributions |
|
|
|
|
|
| f |
9,297 |
SibfordGower Endowed Primary School |
|
f |
t3,o42 |
|
|
| f |
3,191 |
ReliefinNeed |
|
f |
4838 |
|
|
| f |
4,44s |
GeneralBenefit |
|
f |
2,432 |
|
|
| f |
16,933 |
|
|
|
|
f |
20,312 |
| f |
1,338 |
lletdecrease/increaseinDistributableFunds |
|
|
|
|
14,672 |
| E |
6,O90 |
|
|
| f |
9,297 |
-f. |
3,207 |
| f |
6,090 |
|
|
| t" |
3,19L |
f |
7,899 |
| f |
5,090 |
|
|
| € |
4,445 |
f |
L,645 |
|
|
f |
1,338 |
|
1/3rdSibtordGowerPrimarySchool€ |
1/3rdSibtordGowerPrimarySchool€ |
11,661 |
|
|
| Less |
Paidoutinyear |
t- |
13,o42 |
-f |
1,,381 |
|
U3rdReliefinNeed |
f |
11",661 |
|
|
| Less |
Paidoutinyear |
f |
4,838 |
f" |
6,823 |
|
1/3rdGeneralBenefit |
f |
11",66L |
|
|
| Less |
Paidoutinyear |
f |
2,432 |
€ |
9,229 |
|
|
|
|
L |
L4,672 |
|
|
Sibford |
Gower |
Relief |
inNeed |
General |
Benefit |
|
Total |
|
|
Primary |
School |
|
|
|
|
|
|
| Balanceat |
1stlanuary2024 |
f. |
78,358 |
f |
108,67',J" |
E |
84,043 |
i |
27t,072 |
|
2024 Surplus |
-€ |
1,38L |
f |
6,823 |
€ |
9,229 |
f- |
14,672 |
|
lncrease in Assets |
f |
3,632 |
E |
3,632 |
f |
3,632 |
f |
10,895 |
|
Chequewrittenback |
f50 |
|
f |
50 |
f |
50 |
f |
150 |
|
|
f |
80,659 |
f |
1,19,176 |
f |
96,954 |
f |
296,789 |
| Relief inNeed |
|
|
| SibfordGowerPrimary School(PupilSupport3yrs) |
f |
2,342 |
| CommunityAlarms&Keysafes |
f |
684 |
| ChristmasLunchforElderly Residents |
f- |
572 |
| MedicalEquipmentforResident |
f |
340 |
| Malawi Stationery Donations(PostageCosts) |
f |
302 |
| WarmHub (Village HallFees) |
f |
242 |
| Heating CostSupportforResident |
f |
200 |
| Chiropodist |
f |
96 |
| Lunch Club Taxi'sforResident |
f |
60 |
|
f |
4,838 |
| GeneralBenefit |
|
|
| Tots&BabesGroup(VillageHallFees) |
f |
627 |
| SibfordPlayers (Village HallFees) |
f |
495 |
| Friendship Club Outings (Coach Hire) |
f |
480 |
SibfordVillageHall(ChairswithArms)
YouthDramaGroup(Village HallFees) |
f
t |
300
286 |
| Camplnternational Donation(LocalStudent) |
f |
zso |
|
f |
2,432 |
| School |
|
|
| TreeWorkandOrchardPath Replacement |
f |
7,757 |
| Decorating"NewSchool" |
f |
5,285 |
|
f |
L3,042 |
| TOTAL |
€ |
20,3L2 |
|
|
Current AssetFundsat Fund Manasers, |
Current AssetFundsat Fund Manasers, |
|
|
|
|
|
| Yearended 31't December2024 |
AccountNo. |
Fund |
Tvpe |
Units |
BidValue |
|
|
Date |
| cotF |
8866700017 |
CharityEthicallnvestmentFund |
lncomeUnits |
28730.69 |
f3.0926 |
f |
88,852.53 |
31st December2024 |
| Schroders |
1432230 |
SUTLCazenoveCharityEquityValueFundZlncome |
lncomeUnits |
23804.70 |
f 5.0130 |
f |
119,332.90 |
31st December2024 |
|
|
|
|
|
|
f |
208,185.43 |
|
|
|
|
Asat1stJanuary 2024 |
|
|
f" |
197,290.26 |
|
|
|
|
lncreasein Assets |
|
|
t |
1,0,895.17 |
|