2024-12-31-accounts - Diocesan Trustees (Oxford) Ltd

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		Page
Directors’AnnualReport		3
Independent	Auditor’sReport	12
Statementof	FinancialActivities	17
BalanceSheet		18
Statementof	CashFlows	19
Notestothe	FinancialStatements	20
GLOSSARY
CBF	CentralBoardofFinanceoftheChurchofEngland
CCLA	CCLAInvestmentManagersLimited
COIF	CharitiesOfficialInvestmentFund
CSUST	ChurchSchoolsUniformStatutoryTrust
DT(O)L	DiocesanTrustees(Oxford)Limited
LA	LocalAuthority
ODBE	OxfordDiocesanBoardofEducation
ODBF	OxfordDiocesanBoardofFinance
ODBST	OxfordDiocesanBucksSchoolsTrust
PCC	ParochialChurchCouncil
SOFA	StatementofFinancialActivities
SORP	StatementofRecommendedPractice

Secretary:CanonM	Humphrissisresponsiblefortheday-to-daymanagementoftheCharity.
RegisteredOffice	ChurchHouseOxford,LangfordLocks,Kidlington,Oxford,OXS1GF
Bankers	NationalWestminsterBankplc,32CornmarketStreet,OxfordOX13EZ
Auditors	BuzzacottAuditLLP,130WoodStreet,London,EC2V6DL
Solicitors	WinckworthSherwoodLLP,2ChawleyPark,CumnorHill,OxfordOX29GG
Insurers	EcclesiasticalInsuranceOfficeplc,BeaufortHouse,BrunswickRoad,Gloucester
	GL11J3Z

Date: 09 May 2025

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	2024	2023
	No	£’000	£’000	£’000	£’000	£’000
	te
IncomeandEndowmentsfrom:
Donations		45	.	-	45	74
Investments		-	5	-	5	359
Othersources		-	-	-	-	369
Total		45	5	-	50	802
ExpenditureonCharitableActivities:
Grants		-	425	-	425	(429)
TransferoftrusteeshiptoODBE	5b	-	(1,713)	(10,302)	(12,015)	-
Other	Sc	(45)	-	-	(45)	(114)
Total		(45)	(1,288)	(10,302)	(11,635)	(543)
Net(expenditure)/incomebefore
investmentgains		-	(1,283)	(10,302)	(11,585)	259
Unrealisedgainsoninvestments		.	1	3	4	1,052
Net(expenditure)/incomeandnet
movementinfunds		-	(1,282)	(10,299)	(11,581)	1,311
Reconciliationoffunds:
Totalfundsbroughtforward		-	1,373	10,411	11,784	10,473
Totalfundscarriedforward		-	91	112	203	11,784

BALANCESHEETasat31December2024	—=CompanyNo.867729	—=CompanyNo.867729	(England andWales)
		2024	2023
	Note	£’000	£’000
FIXEDASSETS
Investments	6	171	11,491
CURRENTASSETS
Debtorsdueaftermorethanoneyear	7	-	44
Debtorsduewithinoneyear	8	-	573
Cashatbank		32	194
TotalCurrentAssets		32	811
Creditors:Amountsfallingduewithinoneyear	9	-	(467)
NetCurrentAssets		32	344
TotalAssetsLessCurrentLiabilities		203	11,835
Creditors:Amountsfallingdueaftermorethanoneyear	10	-	(51)
NETASSETS		203	11,784
FUNDS
PermanentEndowmentFunds	11	35	109
ExpendableEndowmentFunds	12	77	10,302
		112	10,411
RestrictedFunds	13	91	1,373
		203	11,784


	£’000	£’000	£’000	£’000
Net cashusedinoperatingactivities(BelowA)		(167)		(563)
Cashflowsfrominvestingactivities
Dividendsandinterestreceivedfrominvestments	5		359
Net cashprovidedbyinvestingactivities		5		359
Changeincashandcashequivalentsinthe
reportingperiod		(162)		(204)
Cashandcashequivalentsat1January		194		398
Cashandcashequivalentsat31December(BelowB)		32		194
A. Reconciliationofnetmovementsinfundsto
netcashflowusedinoperatingactivities
Netmovementinfunds		(11,581)		1,311
Adjustmentsfor:
TransfertoODBEofInvestments(note5b)		11,324			-
Unrealisedgainsoninvestments		(4)		(1,052)
Dividendsandinterestreceivablefrominvestments		(5)		(359)
Decrease/(Increase)indebtors		617		(427)
Decreaseincreditors		(518)		(36)
Net cashusedinoperatingactivities		(167)		(563)
B. Analysisofcashandcashequivalents
Cashatbank		32		194

2.	IncomefromDonations
		2024	2023
		£’000	£’000
	Giftsinkindinrespectoftheadministrativeandgovernance
	servicesdonatedbyODBF	45	74
	Inboththeaboveyears,incomefromdonationsrelatedtounrestrictedfunds.
3.	IncomefromInvestments
		2024	2023
		£’000	£000
	Dividendsreceivable	5	298
	Interestreceivable	-	19
	Rentsreceivable	-	42
		5	359
	Inboththeaboveyears,incomefrominvestmentsrelatedtorestrictedfunds.
4.	Incomefrom OtherSources
		2024	2023
		£’000	£’000
	Surplusondisposalofclosedschoolsites	_	369
	IncomefromothersourcesrelatedtoCSUSTEndowmentfunds.

xpenditureonCharitableActivities ) Grants
	2024	2023
	£’000	£°000
GrantstoODBE	(429)	429
Grantsof£5,000orless	4		-
Totalgrantspayable	(425)	429

	Note	—_Restricted	Endowment	Total
		2024	2024	2024
		£’000	£’000	£’000
PermanentEndowment
Woolhampton—JamesBlythCharityTrust	11	-	58	58
Woolhampton—MissesBlythCurrieTrust	11	-	16	16
ExpendableEndowment
CSUST	12	-	10,228	10,228
Restrictedfunds
CSUST	13	1,242	-	1,242
CSUST—GranttoODBE	5a	429	-	429
Woolhampton—JamesBlythCharityTrust	13	35	-	35
Woolhampton—MissesBlyth—CurrieTrust	13	5	-	5
TackleyCESchool	13	2	-	2
		1,713	10,302	12,015

ExpenditureonCharitableActivities(Cont’d)
c) Other
	2024		2023
	£’000		£’000
AdministrationprovidedbyODBF	29		47
GovernancecostsbornebyODBF	16		27
TotalUnrestrictedFunds	45		74
PropertyMaintenance		7	5
AdministrationofFundsandGrants		-	35
TotalRestrictedFunds		-	40
TotalOtherCharitableExpenditure	45		114

6. Investments
	Restricted			Endowment	2024Total	2023Total
	Funds			Funds
	£’000			£’000	£’000	£7000
Marketvalueat1January	1,538			9,953	11,491	10,439
TransferoftrusteeshiptoODBE	(1,480)			(9,844)	(11,324)	-
Unrealisedgainsinyear		1		3	4	1,052
Marketvalueat31December	59			112	171	11,491
Historicalcostofinvestments	28			20	48	4,677
	2024			Holding	2023	Holding
	Total				Total
	£’000			%	£’000	%
Analysisofinvestmentsat31
December2024:
CBF—InvestmentFundshares			168	98	8,093	70
CBF—GlobalEquityFundIncome			-	-	2,207	19
shares
CBF—PropertyFundshares			-	-	183	2
M&GCharifundunits			3	2	3	-
COIFEthicalAccumulationshares			-	-	253	2
CharitiesPropertyFund			-	-	752	7
			171	100	11,491	100
Alloftheinvestedfundsareheldwithinthe UK.
7. Debtorsdueaftermorethanone	year
					2024	2023
					£’000	£’000
Amountsrecoverablefromproceeds	ofclosed		schools		-	44
					-	44

NOTESTOTHEFINANCIALSTATEMENTS(cont'd)
8. Debtorsduewithinoneyear
	2024	2023
	£’000	£’000
Interestreceivable	-	38
Amountsrecoverablefromproceedsofclosedschools	-	508
Other	-	27
	-	573
9. Creditors:amountsfallingduewithinoneyear
	2024	2023
	£’000	£’000
AmountsduetoLocalAuthorities	-	37
AccruedgranttoODBE	-	429
Other	-	1
	-	467
10.Creditors:amountsfallingdueaftermorethanoneyear
	2024	2023
	£’000	£°000
AmountsduetoLocalAuthorities	-	51

1.PermanentEndowmentFunds
	Balanceat	Expenditure	Investment	Balanceat
	1January		Gains	31December
	2024			2024
	£’000	£’000	£’000	£’000
BishopofOxford’sDiscretionary	28	-	-	28
Fund
Caversfield—F.SharpeBequest	4	-	-	4
Streatley—JuddBequest	3	-	-	3
Woolhampton—JamesBlyth	58	(58)	-	-
CharityTrust
Woolhampton—MissesBlyth-Currie	16	(16)	-	-
Trust
	109	(74)	:	35

12.ExpendableEndowment	Funds
	Balanceat	Expenditure	Investment	Balance at
	1January		gains	31December
	2024			2024
	£’000	£’000	£’000	£’000
CSUST	10,228	(10,228)	-	=
BartlettMemorialFund	74	-	3	77
	10,302	(10,228)	3	77

3.RestrictedFunds
	Balanceat	Income	Expenditure	Investment	Balance	at
	1January			gains	31December
	2024				2024
	£’000	£’000	£’000	£’000	£'000
CoUST	1,242	-	(1,242)	-	-
BartlettMemorialFund	73	4	(3)	1	75
BishopofOxford’s	10	1	-	-	11
DiscretionaryFund
Caversfield—F.Sharpe	6	-	(1)	-	5
Bequest
Woolhampton—James	35	«	(35)	»		-
BlythCharityTrust
Woolhampton-Misses	5	7	(5)	7		-
Blyth-CurrieTrust
TackleyCESchool	2	-	(2)	-		-
	1,373	5	(1,288)	1	91

	Balanceat	Balanceat	Income		Expenditure	Investment	Balance
	1	January				gains	at
		2024					31
							December
							2024
		£’000	£’000		£’000	£’000	£'000
Endowment		10,228		-	(10,228)	-	-
(Note12)
Restricted		1,242		-	(1,242)	-	-
(Note13)
Total		11,470		-	(11,470)	-	-

5.AnalysisofNetAssetsBetweenFunds
	Investments	Cash	Total2024
PermanentEndowmentFunds:	£’000	£’000	£’000
BishopofOxford’sDiscretionaryFund	28	-	28
Caversfield—F.SharpeBequest	4	-	4
Streatley—JuddBequest	3	-	3
	35	-	35
ExpendableEndowmentFunds:
BartlettMemorialFund	77	-	77
TotalEndowmentFunds	112	-	112
RestrictedIncomeFunds:
BartlettMemorialFund	55	20	75
BishopofOxford’sDiscretionaryFund	4	7	11
Caversfield—F.SharpeBequest	-	5	5
	59	32	91
TotalFunds	171	32	203

rtheyearended31December2023
		Unrestricted		Restricted	Endowment		Total
		Funds		Funds	Funds		2023
	Note	£’000		£’000	£’000		£’000
IncomeandEndowmentsfrom:
Donations	2		74	-		-	74
Investments	3		-	359		-	359
Othersources	4		-	-	369		369
Total			74	359	369		802
ExpenditureonCharitableActivities:
Grants	5a		-	(429)		-	(429)
Other	5c		(74)	(40)		-	(114)
Total			(74)	(469)		-	(543)
Net(expenditure)/incomebeforeinvestment
gains			-	(110)	369		259
Unrealisedgainsoninvestments	6		-	151	901		1,052
Netincomeandnetmovementinfunds			-	41	1,270		1,311
Reconciliationoffunds:
Totalfundsbroughtforward			-	1,332	9,141		10,473
Totalfundscarriedforward			-	1,373	10,411		11,784
heStatementofFinancialActivities	(SOFA)includeallgainsandlossesrecognisedintheyear.						All
ncomeandexpenditurederivesfrom	continuingactivities.		The	notesonpages18to34		support	the

		Investments	Cash	Debtors	Liabilities	Total
		£’000	£’000	£000	£’000	£’000
Permanent	endowmentfunds	109	-	-	-	109
Expendable	endowmentfunds	9,844	2	507	(51)	10,302
Restricted	incomefunds	1,538	192	110	(467)	1,373
Total		11,491	194	617	(518)	11,784