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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||





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|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|



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Date: 09 May 2025 



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|||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|-|<br>(467)|
|NetCurrentAssets||32|<br>344|
|TotalAssetsLessCurrentLiabilities||203|<br>11,835|
|Creditors:Amountsfallingdueaftermorethanoneyear|<br>10|-|<br>(51)|
|NETASSETS||203|<br>11,784|
|FUNDS||||
|PermanentEndowmentFunds|11|35|<br>109|
|ExpendableEndowmentFunds|12|77|<br>10,302|
|||112|<br>10,411|
|RestrictedFunds|13|91|<br>1,373|
|||203|<br>11,784|





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|||2024|||2023|||
|---|---|---|---|---|---|---|---|
||£’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.<br>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.<br>Analysisofcashandcashequivalents||||||||
|Cashatbank|||32|||194||





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|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.|||





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|xpenditureonCharitableActivities<br>)<br>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|





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





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|6.<br>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.<br>Debtorsdueaftermorethanone|year||||||
||||||2024|2023|
||||||£’000|£’000|
|Amountsrecoverablefromproceeds|ofclosed||schools||-|44|
||||||-|44|





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





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|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|





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|12.ExpendableEndowment|Funds||||
|---|---|---|---|---|
||Balanceat|Expenditure|Investment|Balance<br>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|



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|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||



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||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)|-|-|





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|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|





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|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.||||||<br>All|
|ncomeandexpenditurederivesfrom|continuingactivities.||<br>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|