INA CIA IL20 Page Admlnistratlve InfonMatlon Trustees, report Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnancial Ststements FLEfcH VNTANTS ALI
ORMON 259057 Luke Arthur Ponsonby Rupert Spencer Ponsonby aa Ledwell House Ledwell Chlpplng Norton Oxfordshlre OX7 7AN Independent Ex•mln•r J Fletcher, F.C.A. Hetcher and Partner5 Crown Chambers, Brldge Street Sallsbury SPI 212 Bank•r8 Barclays Bank PLC 30 Market Square witney Oxford5hlre OX28 6BJ Investment M•nagers CCLA l Angel Lane London EC4R 3AB
TR TEES REP The Trustees wesent Ihetr annual rep for the year ended 05 April 2024. Tho accounts wth the Chorities Act 2011. Accounting and Reporting by Chartties: Statement of Re¢ommended Practice 8pp1icable to chariti88 preparing their accoun18 in OrdanCe with the Financial Reporting Stsndard appllcable in the UK and RepU1C of Ireland IFRS 1021 (effective 1 January 201918nd wth FRS 102.. tho Fin8nGial ReF¥)rting Stsn¢Jard appllGable in the UK and Republi of Ireland120221. vi The objects of Ihg charity are to pay the incoma and Such part of the cspital 88 the Iru8lee8 may decide to such exclusively charitable obl8 and purpose8 a8 the trustees in Ihfrir 8bsolule discretion think fit. Any payment of capital require8 the unanimous consent of the Irusl8es, Tho trus1e look particularfy favpurably on charities associated with the blind, autism and eldgrfy pwple, and prefef local lo natSonal ChalIe8 wllh a Geographical focus on North and W88t OxfoTd8hire. Tha charity was established on 12 Juno 1969, rogistgred number 259057. The Tru8lee8 ¢onflrm that they have complied with the duty in wtion 17{51 of the ChaNties AGt 201110 have regard to the public benefit guidance published by the Charity COMMIOn. The trustee8 hove used the relums from Ihg C8pllal InVtEd lo award granls for ch8rftabl8 purpose3 In light of the objectives sel out in the tru81 deed. Gr8nts lolalliro £30,205 were made lo charitable organisalions and deserving individuals during the yeaf12023.' £27,300). APicatIonS roceivgd are gvalualed in terns of cost, the nature and scale of benefit, and the likely impart of tho grant. Granl 4ward$ are typlcally batwe £500 •nd £3,500. er The Trustee8 belleve 51 is gppropriale lo prepgre tho 8ccounl$ on the going concem ba5 in light Of the con61defgble fgserve8 As al 31 Merch 2024 the Iwst held net 88set8 01 £1.031,70512023." £952,531). The InCa8 in y8ar wa8 driven by unre81id galns following a market recovery. The investment pcsrtfolio gen8ralod income ol £27,219 during the year12023." £27.1641. Tho portormance of investments i¥ monitored by Ihg trustees taking regular profo6sonal advice from CCLA. vtho 8nsuTe thare are sufficient liquid re8erve8 to fulfil the objectives of th9 Trust. rves Poll Trustees aim, bul are not bound to, pre8erve capilal by only u81ng Inv89tmenl income to fund donations. The re¥grves poli¢y 58 therefore not to use the capital fund lo finare the operation of the charity apart from In exceptional circumstance8. ure overnanco an ma The trust deed w88 signed on 12, June 1969 and estsblished the cl)jectiv and p(Ywe of the trust. The trust is an uninwrporaled chorilable Int. The review of the Charity's flnancial position al the end ol the reportlng pèrit)d is sel out In the accompanying accounts, prepared by Fletcher & Partners. the Charity's AccDunlanls, and approved by the Trustee8. All de¢igion8 are taken by the TnJslee8, who undertake Fetiodic training to ensure they Undetand their responsibilities. None are rgmunerated for their ve8tmenl Poli The perfomiance of investrnenls. vthith are managed by CCLA lo provide lorwterm gr(A¥th in eapltal and income from a managed portfolio, is m¢)nilored by the Trustees quarterly.
R ENDED05 AP Tru8t¢o¥' r•sp¢n#lblllti Tho Iru8lee8 am rè8ponsible for preparing Ihg trusle08' report and the accounts in aceortrdnce with applicable lawand regulatlon& law applicable lo charttlos in England and W8l•s raquires I trustees to prepare accounts for eath finan1 year in OrdanCe with Unl1 lQngdom Generally Accoptsd A¢counting Practic& (Unlled Klngdom Accounting Standard8 and applicable regulation8). Undèrthèt law th& trtssteas must not opprove the accounts unle88 they are satisfied that they give a tN• and f8lr vlew of the 8tate of affairs of tho charity and of tha incomSng re80urce8 yllrAUon of resources of the chadly for that y6ar. The Charitie8 Act 2011 wuires the TN9t¢ts81o pr8p4ro accounts for eath financAal year whlch ge true and falr vlew of th& stats of aff8lr8 01 the Trust. In Preparfng th$89 Sepnts Ihe TrUBle are requirad to: select gJitablÈ acwunling policias and then apply them rnGnIy. b98N8 th8 m&thods and prtn¢4rAes in thè Charitie8 SORP,. makejuclgements and e8timotes that are ro#8on8blè and pNden( stalg whether applic8blg acwuntlng 8tandard8 have Fèn folIcp0d,. and pr¢pare the a¢counts on tha golng concem basis unless It18 Inappropriats to prwjme that the charity will tinue In opwgti0n. The lyustees ro8pon8lbl8 for keeplng adequate aci¥Junting records lCh are sufffclent to ¥how and explain the charity's transactions and disdw Imlh re880nabls accuracy at any tima th& financi91 position tsl tha charity and enat>lg thom to Bn8ur& that thè ac£ount8 Ixmpty with tha Charltle8Act 2011, th9 Chgritiès lACunts and Rgportsl Regulations 2008 and thè provlslons of the tru8t deed. Thay arè 819D re8ptsnslble for safeguardlng the 888ets of tha chority and honcg for taking reasonable 8tep8 for the preventi¢)n and d¢taction of fraud and ¢3ther IrrUlaritI9y. Signed on behalf of the Trustees Luke Ponsonby Trustèe Apprvved by the TwstÈÈs
I report on the aecounts of the TNst for the year ended 5 Aprtl 2024, whl¢h are set out on page5 5-10, Raspectlve regponslbllltlas of thè trustaes and examlner The charlty's trustees are responslble for the preparatlon of the accounts. The trustees conslder that an audlt Is not requlred thls year under sectlon 144(2) of the Charltles A¢t 2011 (the 2011 Act) and that an Independent examlnatlon 55 needed. It Is my responslblllty to.. examlne the accounts under sectlon 145 of the 2011 Act,, lollow the procedures lald down In the general Dlrettlons glven by the Charlty Commission under sectlon 145{5){b) of the 2011 Act; and state whether partlcular matters have come to my attentlon Ba•lty of Independent Examlner's Report My examln8tlon was carrled out In accordance wlth the general Dlrettlons glven by the Charlty Commlsslon. An examlnatlon Includes a revlew of the accountlng records kept by the Charlty and 43 comparlson of the accounts presented wlth those records. Lt also Includes conslderatl¢n of anv unusual Items or dlsclosures In the accgunts, and seeklng explanatlons from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt, and consequently no gplnlon Is glven as to whether the accounts present a "true and fèlr vlew. and the report Is Ilmited to those matter3 set out In the statement below. INDEPENDeNT EXAMINER'S STATRMRNT In the course of my examlnatlon, no matter has come to my ?ttentlon'. (l) whlch glves me rea59nable cause to belleve that, In any materlal respect, the requlrements: to keep accountlng records In accordance wSth settlon 130 of the 2011 Act. an to prepare accounts whlch accord with the accountbng records and comply wlth the accoLrntlng requirements of the 2011 Att; have not been met.. 121 to whlch, In my opinlon, attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached. J Fletcher, F.C.A. Fletcher and Partners Chartered Accountants Sallsbury Date
DEFO P4T OF FIN VITIE EYEA DED APRI Unrestritted Fund Capltal Fund Total 2024 Total 2023 INCOME: Investment Income Other Income 27,468 27,468 27,196 Total Income 27,468 27,468 27,196 EXPENDITURE ON.. Ralsing funds., Charitable activltles 3,10 32,685 32,685 29,680 Total Expendlture 32,685 32,685 29,680 INCOME/IEXPENDfTURE) BEFORE INvESfME GAIN5/LOSSES {5,217) 15,217) 12,4841 OTHER RECOGNISED GAINS AND LOSSES Realised galn5/11055es} on dlsposal Unrealised galn51llosses) (18) 84,409 IIB) 84,409 225 136,9981 NFf MOVEMENT IN FUNDS (5,217) 84.391 79, 174 139,2571 Total funds brought forward 10,068 942,463 952,531 991,788 Total funds carrled forward £4,851 £1.026,854 EI,D31,705 £952,531 The notes on pages 7 to 10 fom part of these accounts
ND FIXED ASSETS Investments 1,016,918 934,207 CURRENT ASSETS Debtor5 Cash at bank and In hand 6,833 11,414 6,741 15,693 18,247 22,434 LIABILrrxEs Credltors falllng due wlthln ono year 3,460 4,110 NET cuRRer AssErs 14,787 18,324 TOTAL NEf ASSErs £1,031,705 £952.531 Repre5entlng - THE FUNDS OF THE CHARrrY Unrestdrted Income Fund 4,851 10,068 Unr2Strtcted Capftal Fund 1,026,854 942.463 TOTAL CHARTTY FUNDS £1,031,705 £952,531 Slgned on behaf of the Tw5tees Luke Ponsonby Trustèe Approved by the Truste¢s Date The notes on pages 7 to 10 form part of these a¢counts
RMONDE F ND ON EFIN IAL ST THEY ED5 I. ACCOUNTING pouczes Basls of accountlng The flnanclal statements are prepared In accordance wlth the Accountlng and Reportlng by Charities.. Statement of Recommended Practlce appllcable to charTties preparing the1r accounts In attordance wf(h the Financlal Reportlng Standard (FRS1021, the Flnanclal Reportlng Standard appllcable In the Unlted Klngdom and Republlc of Ireland IFRS 102), the Char(tles Art 2DI l and appllcable regulitlons. These Nnanclal statements are drawn up on the h15torical cost accountlng basls except that Investment assets are carrled at market value. The flnanclal statement5 are ppared In stedlngw which Is the functlonal currenLy of the charlty. The Ormonde Foundation Is a charltable trust, reglstered the UK In 1969 wlth the Char Commlsslon, and its actlvltles are governed by a trust deed. Income derlved fmm the Investment portfollo 15 Used to provlde grants to re9lstered charitles In the UK in accordance wlth It5 charltable purpose. The charlty meets the deflnltlon of a public beneflt entlty under FRS IQ2 The trustees conslder that the are no rnatertal uncertalntles about the Trust's abllty to contlnue a5 a goln9 concem. CrltScal 4¢¢0untlng jud9ements and key sources of estlmjtlon uncertainty In the appllcatlon of the accountlng pollcies. the Tnstees are requlred tts make Judgements, e5tlmates, and assumptlons about the carybng value of assets and Ilabllltles. Actual resu9 may dlffer from these. Any estlmates and underlylng a5sumptlons are revlewed on an ongolng basls and rev151ons are recognlsed In the perlod In whlch the e5tlmate Is revlsed If the revlslon affects only that pe0d, or In the perlod of the revlslon and future perlod5 ff aPprOpte. In the vlew of the trustees, no assumptlons concemlng the fvtU or e5tlmatlon uncertalnty affectlng asset5 gr Ilabllltles at the balance sheet date are Ilkely to result In a matemal adjustment to thelr carrylng amount5 In the nexi flnanclal year. In¢om• Income IS attounted for In the perlod In whlch the charlty15 entitled to the Income, It Is probable that the Income wlll be recelved and the amount of Income can be measured lIably. Dlvldend5 afg rocogn15ed once the dlvldend has been declared and notlficatlon has been recelved of the dlvklend due. Expendlture Llabllltles are recognlsed as expendlture as soon as there Is a legal or constructlve obllgatlon cornmittlng the charfty to that expendItu, It Is probable that settlement wlll be requlred and the amount of the obllgatlon can be measured rellably. Expendlture Is Included on an accruals basls. Grants are Included In the statement of flnanclal actlvltlos when a legal or construrtlve obllgatlon to pay them comes Into exlstence. charable expendlture Includes all grants rnade to other charltles and Include5 governance costs. Governance costs comprlse the Independent examlnerfs fee, Invostment manager fees, legal fee5, and. 5ecrelarlal costs. InvtMentS Investments are a fomi of ba51c flnanclal Instrument and are Inltlally recognSsed at thelr trans4Ctlgn value and SubsequenY are measured at thelr falr value a5 at the balance sheet date uslng the c1051ng quoted market pdce. The statement of flnanclal actlvitles Snclude5 the net galns and losses ar151ng on revaluatlon and dlsposa15 throughout the year. Reallsed galns and 1055es on Investments represent the dIfferen between the sale proceeds and openlng market value (or purchase date If later). Unreallsed galns and losses are the dlffetEnce between the market value at the year end and openlng market value lor purchase date If lator). Debtors Debtor5 are measured at the amounts the chartty antlclpates It wlll recelve from a debt or the amount it has pald in advance for goods or seIce5. Cash at bank and In hand Cash at bank and In hand Includes cash and cash on deposit, other Short term Ilquld Investments with odglnal maturities of three month or les5. and bank ovenlrafts. Bank overdrafts are shown wlthin borrowlngs In current liabilities. Credltors Credltors dre measured at the amounts the chartty antlclpates it wlll pay to settle a debt or the amount it ha5 recelved as an advance payment for 9oods or services It must provlde. harltable Funds Endowment fvnds constitutes the capltal of the ¢nbSt and can not be spent. Unrestritted funds are avallable for use at the dlscretlon of the trustees In furtherance of thelr charitable objert5. Flnan¢lal Instruments The charity only has finanaal assets and Ilabllities of a klnd that quallfy as b451c flnanclal Instruments. They are Inltlally recognlsed at transaction value and subsequently measured at thelr Settlement value.
NDEF NDAfioN IAL sfAT THE YEA IL2 2. INVESTMENT INCOME UK Dlvldends Overseas dlvldends UK Interest Overseas Interest 27,219 27, 164 249 32 £27,468 £27, 196 CHARITABLE EXPENDITURE Grants to other charltles (see also note 12 fttr anaEysls) Governance costs (Note 4) 30,205 2,480 £32,685 27,300 2,380 £29,680 GOVERNANCE Investment rnana9ers fees Secretarlal costs Legal fee5 Independent exambners fee 700 700 1,780 E2,480 1,680 £2,380 FIXED ASSET XNVESTMENTS CCLA COIF Total Market value at 6 Apdl 2023 Addlllons at cost D15posals at openlng value Unrea115ed galnslllossesl Market value at 5 Aprll 2024 934,207 934,207 11,6981 84,409 £1,016,918 11,6981 84,409 £1,016,918 Hlstorlcal cost at 5 Aprtl 2023 Hlstorlcal cost at 5 Aprfl 2024 £844,164 £842,530 £844, 164 £842,530 DEBTORS Accrued Interest and dlvldends E6,B33 £6,741
RMOND NDA E FINAN AL ATEME CREDITORS" Amounts due within one year Other credfcors Grants payable Accruals 1,710 1,680 750 1,680 1.750 £3.460 £4,110 ANALYSIS OF ASSFfs BEfwEEN FUNDS Income Fund Capital Fund Total 2024 Investments Net current assets 1,016,918 9,936 1,016,918 14,787 4.851 E4,651 £1,026,854 £1,031,705 Income Fund Capltal Fund Total 2D23 Inve5trnents Net current assets 972,600 6,636 972,600 19,188 12,552 £12,552 £979,236 £991,788 FUND MOVEMENTS BIF 06104123 Income (Inc. galn5) Expendlture linc. losses) C/F D5104123 Unrestrirted fund Capltal fund 10,068 942,463 £952,531 27,468 84,409 Elll,677 132,6851 (IB) (£32,703) 4,851 1,026,854 EI,Q31,705 BIF 06104122 Income (inc. galns) Expendltu {Inc. losses) C/F 05104123 Unrtstrocted fund Capltal ftjnd 12,552 979,236 27,196 225 (29,680) (36,998) IE66,678) 10,068 942,463 £991,788 £27,421 £952,531 io. REiATED PARTY TRANSACTIONS There were no transartlons In elther year with trustees or any other lated patty. No trustee received any remunerdtion or reimbursement of expenses {2023.' £nill.
THE ORMONDE FOUNDATION HE FINANCXAL sfATEMENTS R ENDED S PRIL 2 continued 11. GRANTS AWARDED The Trustees Set budgets for dtfferent categorie5 of grant awanl, and meet quarterly tD determlne awards from these categorles In 1Sght of Indlvldual appllcatlons. The Indlviéual grants awarded are set out below: Bainbridge, Mrs Vivienne Blind Veterans UK Brain Tumour Charity. The Bridewell Gardens Buma Star Memorial Fund Callbre Audio Carers UK Chaslleton Village Church Council Child ALrtlsm UK Child Brain Injury Trust City of Oxford Charity {Slong's Court) Fiddown Church Future Trees Trust Kalharin8 House H05PlCe L18t8ning B(ioks Living Paintings Music in Hospita15 & Care Myvision Oxfordshire Oxford Hospita18 Charity Oxford Samaritans Oxfordshire Community Fourthion re Thiiving in Nature Fund Oxfordyhir& Victoria County History Trust Pizzey, Mrs Valerie Reeds's School Charity Account Royal Agricultur81 Benevolent Institutton. The Ryedale Special Families Sobell House Hospice Charity SOFA Project Sl Luke's Hospital, Oxlord The Theatre Chipping Norton Vereker. Miss Margaret Waterloo Uncovered re James Covran LedurelDiorama Whirlow H811 Fom Trust Willow TrusL The Wootton, Glympton & lQthlington PCC 7W 600 500 600 500 600 500 1.000 600 fjoo 600 3,055 1.000 600 600 600 500 5Tr) 1,000 600 3,000 1.000 650 600 600 500 500 750 3,000 1,000 650 600 600 850 750 30,205