Page Admln15trative Info￿atIon Trustees, report Independent Examlnerfs Report statement of Flnancial ALtivitie5 Balance Sheet Notes to the Financial Statements HER PARTNE RTE Pa ED MBER 259057 ADMIN Luke Arthur Ponsonby Rupert Spencer Ponstsnby Sandford Park Sandford St Martln Chipping Norton Oxfordshire OX7 7AJ Independent Examlner J Fletcher, F.C.A. Fletcher and Partners Crown Chambers, Brldge Street Sallsbury SPI 2LZ Bank•rs Barclays Bank PLC 30 Market Square Witney Oxfordshlre OX28 68J Investment Manage CCLA l Angel Lane London EC4R 3AB Pa RUSTEES REPO The Trustees present their annual report for yEar ended 05 April 2025. The accounts comply wth the Chariti8s Act 2011. Aixx)unting and Reportlng by Charities.. Statement of ReGommended Prastice appliBable lo charitles preparing their accounts in accordance ￿th the Flnancial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 {effective 1 January 2019) ané with FRS 102.. the Financw Reporting Standard applicable in the UK and Republic of Irel8nd120221. Ob ectives and Activttl8S The objects of the charity are to pay the in¢ome and such part of ts capital as th8 trustees may decide to such exdu5ively charitable oble¢ts and purwses as the trustees in th8ir absolute discretKJn think fil. Any payment of capital requires the unanimous consent of the tmstee5. The trJsleès look part￿ularlY favourably on Charities assc¢ialed with the bllnd. autism and dderfy people, and prefer local to national Charitles ￿th a gwgraphScal focus on North and West Oxfordshire. The charity v￿S esiablished on 12 June 1969, reals1o￿d number 259057. Tre Trustees ¢onfirm that they have com ￿led wth the duty in section 17{51 of the Charfties Act 2011 to have regard lo the pubtic benefit guidanc8 published by Ihe Charify Commlsslon. Achievements and Performawe Ttre Iru51ees have used the returns from the captta invest8d to avrdrd grants for charit8ble purposes In light of the objectives sel OLrt in the tntst d88d. Grants totalling £25,250 were made to charltable organisations and d8s&rving iThYividuals during the year {2024= £30.205)- Applications received are evaluated in terms of cost, the naiure and scale of beneflL and th8 like￿ impact of the grant. Grant awards are typically between £500 and £3,500. Goin concern The Trustees belleve rt Is approprlate to prepare the accounts on the going concem bas1$ In light of the considerable reserves ancial Revlew and Inveslm8rit Poli As al 31 March 2025 the trust held net assets of £951.914 (2024: £1,031,705). The docffjase in year was driven by unre81ised losses on investments. The investment portfolio gener21ed in¢ome of £27,994 during the year (2024.. £27,468). The performance of investrnenls Is monitored by the tnJste6s taking regular professional advl¢e froTn CCLA, who ensure there are suffici8nl liqu￿ reserves to fu￿11 the objectlves of the Trust. Reserves P￿1 Trusle&s aim, bul are not bound to, preserve capital by only using investment income to funé donationB. The reserves pollcy Is therefoTe not to use the capital fund to finance Ihe operation of the chanty apart from in axceplional circumstances. Structure overnance and mana ment The trust deed was slgned on 12 June 1 g69 and established the oblectfves and powers of the trust. The trust is an unincorporated charitable trust. The re￿&W of the Charl￿S financial posiiion at the end of the reporllng perk)d is sel out In the accompanwng accounts, prepared by Flelcher & Part￿r$, Ihe Charitys Acc#)untants, and approvgd by the Truste8s. All decisions are taken by the Trustees. who undertake pericrfllc trainirvJ to ensure they understand Ihelr respDnsibililies. None are remuneraled for their work. Investment Poli The perforniance of Investments, which are marmged by CCLA to provide long-temi growth in capital and income from a managed portfolio, is monilored by the Trustees quarterly. po Trust￿8. respon$lbllI￿ The IrustseB are respon$ibL* for preparing the trustee5' rwt arKI the ￿unts in a¢¢ordance wth applica￿e1&￿ and regulat￿￿￿. The 8ppWAbk to chorth8s in Eng￿nd and Wale5 requiip5 the Irustths to prepare accounts for each finan(4al sE¥r irt ￿¢(th¢e Un￿￿1 Kingdcln General Accepted Accounting Prathc8 IUnrt8d Kingdcffl ACciyJn￿ng Standard5 and applTrbl¢ rggulotions). Under that Jaw the IruBlees musl not approve thg a¢counts unths they are satisfhgd that they gwe a true and fair oftbe state of affairs of the and of the w￿0m1ng resources and applkallon of r8stsurcas ofthe charity for that year. The char￿e8 A¢t 2011 requires the TNst88s to propwe ac￿unt$ for e&h finan￿al ye8rwhlch glvo a true and lair v￿W ofthe state of affairs of the TNSL lrt prewrE these accourts the Trustees ar rffjulred to.. 8elect Suit*￿ accounb'ng Wlcies and then 4)pty them consistenty, (tseNe the methods and princlple8 in the Chantigs SORP". rnabjudgemgnis and gstimates that are re￿nable w*d pnjdent stats whether appI￿abra aC￿ntI)Y stsndards have been foury￿￿,. and prepare the accounts ¢yJ the wlng concem basts uftK￿ it ￿ inappreyiats to pr8wm$ that the dwrfty will conUnu8 Irt op￿*tOn. Th6 tru81668 ar& r8$pon85bb for koeping ad8quat8 acoyJntiThJ fecords Suffic￿nt to show and expL7in the charitys tran58¢th)n$ atvj dl%knse WTth reasonab￿ ￿GUraCY At anytlme tha finoncial po8ith)n of the ¢harty and en8b￿ them to ensurethatth$ accounts ¢c¥npty with the Charrkne5 Act 2011, the Ch8ritk8 IA¢count$ ond Reports) R&Jubtions 2CQ8 and the pmisions oftr* Irusl de&J. They are also reS￿nsible for 58feguardb)g th8 assats of the charity and hgnce for tsklng rgasonable slep8 lor the preventton and d￿￿tk)n of frawj crther Irregularit￿8. Trustee Approved by the Trustees Dats YEAR ENDE MINER'S REPORT TO THE I report on the accounts of the Trust for the year ended 5 April 2025, which are set out on page5 5-10. Respectlve resFMJnslbllities of the tru$te¢s and examiner The charlty's trustees are responsible for the p￿paratIOn of the accounts. The trustees consider that an audit Is not requlred thls year under sertlDn 14412) of the Charities Att 2011 (the 2011 Act) and that an independent examlnation is needed. It is my responslbllity to. examlne the accounts under sectlon 145 of the 2011 Act; follow the protsdures lald down In the general Dlrection5 given by the Charfty Commission under sertlon 14515)(b) of the 2011 Att; and state whether particular matters have come to my attentlon Basls of Independent Examiner's Report My exawnination was carrled out In accordance with the general Directions given by the Charity Commission. An examlnation includes a revlew of the accounting records kept by the Chartty and a compar150n of the accounts pwsented with th05e records. It also includes consideration of any unusual Items or dlsclosures in the accounts, and seeking explanadons from you as trustees concerning any such matters. The prnCedu￿ undertaken do not provide all the evldence that would be required in an audlt, and consequently no opinion is given a5 to whether the accounts present a 'true and fair vlew" and the report is limÈted to those matters set out in the statement below. XNDEPENDENT EXA141NER'S STATEMENT In the course of my examination, no matter has come to my attentlon: (11 whith gives me reasonable cause to believe that, In any material respert, the requirements: * to keep accounting records in accordan￿ with section 130 of the 2011 Att: and to prepare accounts which accord wlth the accounting record5 and comply wlth the accounting requlrements of the 2011 Act; have not been met: or (21 to whlch, In my opinion, attenuon should be drawn In order to enable a proper understanding of the accounts to be reached. J Fletcher, F.C.A. Fletcher and Partners Chartered Accountants Salisbury Date DEF EM FINAN AC VITI Unrestricted Fund Capltal Fund Total 2025 Total 2024 Notes INCOME: Investment income Other Income 27,994 27,994 27.468 Total Incorne 27.994 27.994 27,468 EXPENDITURE ON: Raislng funds: Charitable activlties 3,10 27,838 27,838 32,685 Total Expendlture 27.838 27,838 32,685 INCOME/IEXPFNDrruRE) BEFORE INVESTMENT GAINSILOSSES 156 156 (5,217) OTHER RECOGNI5ED GAINS AND LOSSES Reallsed gains/{losses) on disposal Unrealised gains/(losses) (18) (79,929) (18) (79,929) {18) 84,409 NET MOVEMENT IN FUNDS 156 (79,947) (79,791) 79,174 Total funds brought forward 4.851 1,026,854 1,031,705 952,531 Totsl funds carried forward £5,007 £946,907 £951.914 £1,031,705 The notes on pages 7 to 10 fomi part of these accourts FIXED ASS￿$ Investments 935.261 1,016,918 CURRENT ASSETS DebtoiE Cash at bank and In hond 6,986 13,2S5 S,833 11,414 20.241 18,247 UABILMES Credltor3 falllng due wlthln one year 3.460 NEf CURKwf AssErs 16,653 14,787 TOTAL AssErs £951.914 É1,031,705 Repre5¢ntSThJ . THE FUNDS OF THE CHARThY Unrestrlcted Ir￿rne Fund 5.007 4,851 Unrestritted Capltal Fund 946,907 1,026,854 TOTAL CNARrrY FUNDS £951.914 £1,031,705 Slgned on behalf of the TnLSt [￿ke Ponsonby TN Approved by Tru5t¢e5 The notes on page5 7 to 10 fomi part ofthese acthunts Pa HE FINAN IAL AT MEN I. ACCOUNTING POLICIES Basls of accounting The financial statements are prepared in accordance with the Accounting and Reportlng by Charitles.. Statement of Recommende(I Pracuce appllcable to charities preparing thelr accounts in accordance with the Financial Reporting Stsndard (FRS102), the Financial Reporting Standard applicable in the Unlted Kingdtsm and Republic of Ireland {FRS 102}, the Charities Att 2011 and appllcable regulatlons. These financial statements are drawn up on the historical cost accounting basis except that Investment assets are carried at market value. The financial statements are prepared In steding. whlch is the fvnrtional currency of the charity. The Ormonde Foundation is a charitable trust, registered the UK in 1969 with the Charity Commission. and its attlvlties afft govemed by a trust deed. Income derived from the investment portfolio is used to provide grants to registered charities in the UK in accordance with its charltable purpose. The charity meets the definitlon of a public benefit entity under FRS ID2 The trustees conslder that there are no materlal uncertalntles atK)Ut the Trust's ablllty to continue as a golng concern. Critical accountlng Judgements and key source5 of estlrnatlon uncertainty the applicatlon of the accounting policies, the Trustees are required to make judgements, estlmates, and a55umptions about the carrying value of assets and liabilitie5. Actual ￿ultS may differ from these. Any e5timate5 and underlying assumptions are reviewed on an ongoing basis and revisions are recognised in the period in which the estlmate is revised if the revision affects only that perlod, or in the period of the revision and fijture periods if appropriate. In the view of the tnjstees, no assumptions conceming the future or estimation uncertainty affeLting assets or Ilabilities at the balance sheet date are likely to result in a materlal adjustment to their carrylng amour)ts In the next flnanclal year. Income Income Is accounted for In the perfod In whlch the charlty Is entltled to the income, it is probable that the Income wlll be recelved and the amount of Income can be measured rellably. Dlvldends are recognised once the dividend has been deda￿d and notificatlon has been recelved of the dlvldend due. Expendlture abilities are recognised a5 expenditure as 590n as there 15 a legal or constructive obligatlon committing the charity to that expenditu￿, tt is probable that settlement wlll be requlred and the amount of the obligation can be measured reliably. Expenditure is IndLJded on an accruals basis. Grants are included in the statement of ff nancial activtties when a legal or constructive obligatbon to pay them comes Into exlstence. Charitable expenditure include5 all grants made to other charitie5 and indudes gtsvernance costs. Governance costs comprise the independent examinerfs fee, investment manager fees, legal fees, and. secretarlal costs. Investments Investments are a form of basic flnanclal Instnjment and are initially recognised at their transactlon value and subsequently are measured at their fair value a5 at the balance sheet date using the closing quoted market price. The Statement of financial activities indudes the net galns and losses arfslng on revaluatlon and disposals throughtsut the year. Reallsed gains and losses on investments rep￿sent the differen￿ between the sale pro￿edS and opening market value (or purthase date if later). Unrealised galns and 10sse5 are the difference between the market value at the year end and opening market value (or purchase date if later)- Debtors Debtors are measured at the amounts the charity anticipates it will recelve from a debt or the amount frt has paid in advan￿ for goods or SeN1￿$. Cash at bank and in hand Cash at bank and in hand includes cash and cash on deposit, other short term liquld Investments wlth 0￿gInal matudties of three month or less. and bank overdrafts. Bank overdrafts are shown within borrowings in ajrrent liabilities. Creditors Credltors are measured at the amounts the charfjty antlclpates It wlll pay to settle a debt or the amount it has received as an advance payment for goods or services It must provide. Charltable Funds Endowment funds constltutes the capltal of the trust and can not be spent. Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr charltable objetts. Flnanclal Instruments The charity only has financlal assets and liabilltles of a klnd that qualify as basic financial instruments. They are Inltially recognised at transaction value and subsequently measured at their settlement value. DE ANCIAL ST YEAR E 2. INVEsfMENT INCOME 20 UK Dividends Ovetseas dividends UK Interest Overseas interest 27,774 27,219 220 249 £27,994 £27,468 CHARITABLE EXPENDrruRE 20 Grants to other charities (see a150 note 12 for analysls} Governance costs (Note 4) 25,250 2,588 £27,838 30,205 2,480 £32,685 OVERNANCE Investrnent manager5 fees Set￿tar[al costs Legal fees Independent examlners fee 750 700 1,838 £2,588 1,780 £2,480 FIXED ASSET INVESn4lEpirs CCLA COIF I vestment Fund Total Market value at 6 April 2024 Addltions at cost DIsp05a15 at opening value Unreallsed galns/(lo￿e5) Market value at 5 April 2025 1,016,918 1,016,918 {1,728) (79,929) £935,261 (1,728) (79,929) £935,261 Historical cost at 5 Aprtl 2025 Hlstorical cost at 5 April 2024 £841,098 £842,530 £841,098 £842,530 DEBTORS 2025 Accrued Interest and dividends £6,986 £6,833 Pa TATEMEN CREDITORS: Amounts due withln one year 2024 Other creditors Grants payable ruals 1,794 1,710 1,794 1,750 £3,588 £3,460 ANALYSIS OF NET ASSEfs BETWEEN FUNDS Income Fund Capltal Fund Total 2025 Investments Net current assets 935,261 11,646 935,261 16,653 5,007 £5.007 £946,907 £951,914 Income Fund Capital Fund Total 2024 Investments Net current assets 1,016,918 9,936 1,016,918 14,787 4,851 £4,851 £1,026,854 £1,031,705 FUND MOVEMENTS BIF 06104/24 Income (inc. galns) Expenditure (inc. lo￿) 05104125 Unrestricted fijnd CapStal fund 4,851 1,026,854 £1,031,705 27,994 (27,838) (79,947) (£107,785) 5,007 946,907 £951,914 £27.994 BIF 06104123 Income {inc. gains) Expenditure (Inc. losses) c/F 05104124 Unrestricted fttnd Capital fund 10,068 942,463 £952,531 27,468 84.409 (32,685) (18) (£32,703) 4,851 1.026,854 £111,877 £1,031,705 io. RELATED PARTY TrANSACTIONS There were no transactions in either year with tnjstees or any other related party. No trustee re￿iVed any remuneration or reimbursement of expenses (2024.. £nil). ND THE FINANCIAL STATEMENTS REND APRIL 20 TE 11. GRANTS AWARDED The Trustees set budgets for different categories of grdnt award, and meet quarterty to determine awards from these categorles In Ilght of individual applleations. The individual grants awarded are set out below: Access Sport Bartons Victory Memorlal Hall Fur￿. The British Dlsabled Angling Assoaation Burma Star Memorial Fund Calibre Audio Dem8nlia UK FarTnAbility Fulham Reach Boat Club Future Trees Trust Getting Court Reg Charity Reg Charity 1118845 Listening BfX)ks Llving Palnllngs Mrs Margaret Vereker Mrs Vlvlenne Balnbridge Music in Hospitsls & Care Oxford Hospitals Charity Oxfordshire Plawng Fields Assooiaab'on Oxfordshire V￿tO￿a County History Trust RESTORE Royal Voluntary Service Sand Dams World￿de Sandford Sl Martin Cricket Club Sandford Sl Marun PCC SOFA Project Soldiers of Oxfordshlre Trust. The St Michael's Church - Barford St Martin Thames Valley Air Ambulance Thrive North Oxfordshire Unicorn School Wlllow Trust Wootton Glympton & Kiddingion PCC 500 700 600 500 500 500 2,000 600 2,000 1,000 600 700 750 600 1,000 1,000 1,000 600 600 1,000 1,000 1.000 700 1,fy)0 700 25,250