OXSHOTh TRUST FUND (Reglstered Ch3rlty No. 3050891 Pa8e I Cont•rt% Pa8es Contents Trusiees, Reptsrt 28nd3 Independent Exary¥lner's Report StatÈrnÈnt of FinancSal Acil¥Sti@s aalance Sheet Note5to theAceounts Prlnclpal addrn550f th•Tvu•t Bankers 0￿$hON VSlla8e Cenire 19 Ho￿lWa0d Road Oxshott Suffey Kf12 OQL tsartthys 8ank PIC -12 Chufch Slreel E5hei Surrty KTIZ 2YW OXSHOThTRUST FUND IRe8lStered Charity No. 3050891 P•8e 2 TrLISTEES- the tollowin8served asTrusiees durlngthe year.. Trustees.. Geoffrey Moyle Mlchael Carpenter Ted Horne IRetlred 2nd Au8us120211 Stuart Knee Treasurer IAppDintEd Twstee 2nd Au8USt 20211 7he followlD8 were admin15tratfve irustees by vlrtue olro-optlon or nomlnot5)n to the maThèBemeni committee.. Hll8ry Dyson Ann Harper 4n8ela Horne Don Porter Andrew ThompsDn Llndy Wheeler lackle Topp (Appolnted 8th IlovÈmber 20211 Subsequent to the year end Oliver Chappell was appoinied on 9th May 2022. All the a&)ve are resldents ofox5hott ex￿pt for Hllary OysDn Chalffftan Honorary Setretary GOVERN114G INsfALIMENTSA14D OBJEUIVES The Oxshotr Trust Fund is a chariiygoverned by a Trust Deed dated 27ih Aprll 1959. The objec15 are charltable purposes for the benellt oFthe Inhabitanisof Ox5hottand Its Immediare vicinlty. REVIEW QFAcYivmES The Qxsholt Trust Fund currently meet51150bje¢tS Ihrough Its role 15 owner and mana8eF of the Qxshott Vlllage Cenire, which operates fiom a slte In Holn¥ood Road. Oxsholl under the termsof a lease 8ranted on 17th December 1963 for the perlod to 2060 ty the Crown Estaie, whlch Is tbe ownerof the land. Durln8 the year theTru$t contlnued io manage the Oxshoit Vlllage Centre and to act as landlord and Ilttn50r to the Oxshoit Medlcal Practice and as Il¢ensor to the Vernon Educatlonal Trust Ltd. The sub lease 8ranted to theoxshott Medlcal Prartlce expired on the 30th Septembpr 2019 and wasextended for a further three yeors. DISCUS￿on$ wilh theCn>wn E5taieaDd Ihe Ox5hott Medlcal Practlce are 5tl¢l on8oln8 wlth re8•rd to • Posslble extension oFthe head lease and the tonsiruciion of a new 5ur8ery adSaceni to the current bulldinR.11 is Ihe Intentlon of the Trux io extend Ihe $ub lease8rènted ro the Oxthott MedScal Pradice until the 30th Septernbef 2027 orthe complelSon of the new suigery. whichÈver Is the sooner. RESERVES The TfU5tees have sei up a separate Property ReseNe forthe pup05e of provldlrts fgrany exCePt￿nI1 costs relating ro111 the refurbishment oltle ex151in8 bulkdln8s1111 the exrension of the ead Least from Ihe Crown Estate and11111 the development of ¥ mÈdlcal centre. These designated funds are represented by a combination of Invesiments and deposlts. The Reserve was established by an iDitlal Iransferfrorn the Attumulèted Fund, whlch ha5 bEEn 5ybsequently l*treased by Iransfersout olopEratln8 surpluse5 and redu¢ed by any excepiional coys Incurred. OXSHOThTRUSTFUND IRe8lStered Charlty Nts. 3050891 Y￿st￿•S, Aeport Icontlnued Page 3 FINANCIAL REVIEW The Trustees are pleased to report an overall surplu50f É77.6kfor ihe year ended 3151 March 2022- thls represents an pxtellont wrformance glven the contlllUln8 dlsrupllon caused by Covld 19 paitlcularty the early part of the Ilnancial year when the Centre wa5 closed and the ha115 ould not be hlred out. However Ihe Medical Practlce and the Car parks remained open enablln8 our other rnaln income 51ream5 lo be malntalned Ihroughoui the ytar. There was an Increase in total operatin8 t05ts prlncipally due to an Increase In the level of repalrs and mainienance c0515 as sO￿e He￿$58ry remedlal work, malnlyelectrkal. needed to be carrled out. The flnan<5al markets Improved In the latter part of Ihe yearwhlch pro¥lded a further unreallsed 8aln on ourtwo lon8 term Investments. The key Items ImpacilnB rhe resultsare explalned In more det811 below.. Mana6ernent of the Villa8e Centre.. The eross letllngs. derSved from hlAn8OUt thè halls, Intrea5ed thlsyelr by over É17k Repalr5 and ma1nienance costs increased to over £14k a5 there were Some one r*ff items partlctslaily t￿ctrIcal repair5 and tertificatlon work IE4klthai needEd to to be carrled oyt. Iteplacement wlndows were flttèd In the Doctors SurBery l£l.Ikl nd heavy raln Caused dama8e and leak48e from the flai roof IEI.Ikl The heatinR and IL4htln8 Costs Increased thls year as the halls were In Breater use but all oiheroperaiing costs were broadly at the same level as last year. Although total operatlng¢ost5 Increased to £45k. Ihe nel operaiing deflclt on the the Vlllage Centre reduced to É21k due to the hl8her Lettln85 income noted abovE. other lTrcome'. The ￿Ve1 ol fental Income recelwed from the Medlcal Pract4￿ remalned the Same as 1•5t year at £41,479 after paymentsto the CTown Estate. LltencE fee Incorne increased 518niflc8ntly th15 ypar a5thE number of ur park spatestaken by Danes Hill sehool was increased to 2D. The kvel ol dep0511 Interest fell a5 savings faiesgenerallywere at a low level. The perfvrfflaniè of our two Investments in charlty funds improved durln8 the year providing èn unfeallsed Kaln 01 £26,5k- at the year end ihe total unreèllsed gain stood at E9S.7k. A transferof ESQk was made to the Property Reserve trut of the operatln8 Sur￿￿$ for the yeaTand thE rèm4ln5n8 surplus of £27.6k was transferred to the Accumulated Fund. Reserves.. A5at 31st March 2012 IheTrusl had net cvrreni a5set5 of E667k and iotal Reserves of £1,130k, all of whlch are un￿Str￿Cled. £65Okof these Reserves are desl8naied as the Property Reserve and the remalning ￿seNe$8M0unIlnK to £480k are general funds Hvallable for the operJtlons of the charltv. Any on8olng problems caused by CoviO-J9 and an¥ further c105ure5 olthv Centre wlll have an adverse Impact on the rèsults for the current yÈar. Howevèr the level ol reserve5 caTrled by the Trust should be adeouate to absorb atiy shortfall In income that mi8ht arise In the curient year. DECLIRAnoN The TIu5tees declarethot they haveapproved the above TFu5tees' Report on 8th Au8USt 2022 and It1$ 51Bned on the Trustte$' behill bv.. G H Moyle Chalrman S Si Knee Treasurer OxsHO￿TRu5T FUND IRe8lstered Charity No. 3050891 Pa8e 4 INDEPÉPIDE14T EXAMif4ER'5 REPORT TO ThE TRUSTÈES I reportOTr rhe atcounts of the above charlty I"theTrusr I for the year ended 31. Marth 2022 whlth a Set out on page$ 5- 7 Resp•¢tlv* Aespon¥lbllltlts of the Trustees and the fxamlner The charltY'51W5tees are responslble lor the preparation ol theaccounts. The rharlvs tru$tee5 C0Tr51der thai an audit Is not requlred for th15 year under sÉction 144121 of the CharitiesAct 2011 Ithe Acil and th61 all IndepEndent examination15 ￿eded. examine the accounts undersection 145 of the A¢t follow the procedure5 laW down In the General Dlre5,429 INote 21 Operatln8 Deflclt her 47,405 47.405 le5s.' pald to the Crawn Estè 41,479 37.710 3.154 72,343 41,479 21,440 6,3 69,219 Lltence Fees Bank and DepDsIt Interest (Noie 11 Jpèratln8 5urplu5 bolofe In¥e5tmtrtG•ln$ 51,103 41.841 Unreallsed 8aln on In¥e5tmenrs IM)te 31 26.S12 46,187 1p1￿*for1￿v*1r1ftÈ1 Investment Gakns 77,615 88.028 Transfer to Property Resprve 5U.(KXI Syrplv5for th￿#rtAn*f•rr￿ tothe Aryufflulated Fund 27,615 47.673 Axumulaled Fund brou8ht forwafd at 1st April 2021 452,612 404,939 Accumulat￿ Fund urrl•d fornard * 31st M*rth 2022 (Note 51 480.22? 452,612 OxSHOThTRu￿FUNo Pa￿6 zz 1022 FSMed A¥ets NDte I 217,113 217,113 IrwestmErrts Note 3 245,978 219,466 Curignt A5s•ts Oebtors DepDslt Accounts Cash and Bank Balantes 11,560 651,693 10,384 6,870 602,803 10.472 otel Totsl Curnnt Ass¥ts 673.637 620.145 Le5s'. Ciedltors 6,5QL 4,111 667,136 616,033 NET ASSETS I.IJO,127 1,052,612 RESEPVE5 Prowrty R•wrv• Note 4 650.QCp) 6W.OL)) At¢umulatèd Fund Nore 5 480,IZ7 452.612 TOTALRESERVES 1,130.227 1,052.612 OxSHo￿TRU￿ FUND PaBe ? Not￿t0 th• A¢¢o¥nts Not* I A¢¢ounttni Polldes. Bul$ of AccountltM'. The accounts h8ve been prepared accordance wf(h thp si•remeni of Recommended Pfactice applltable to Chadlles preparlng their acctrunts Sn accordance wlth the Flnanclal Reportln8 Standard for Smaller Entities,15sued by the Chaflties Commlsslon. The accounts have l)een prepared under the hi510rical tost convention, excepl for invÈsimentS. whlch ale Included al market value Ibkl pr￿e1. All Income and expenditure Is reco8nised on • FIX￿ Ay•t5.' Fixed assets£omprfse the ori81na￿ wst of thebulldlngand slte works O*poths-. The deposlr 3ffovnts hbve llDtite periods or marurltydatesof no more than one year Lkentè F*es.' Llcence fees comprise the fees recelved for111 the paTkin8 concessk)nS 8T8nted to the Medlcal Praciice ond to VernonTrust Llmiied on behalf of Danes Hlll School and1111 the uge of the yassed area on the slte by Janes Plill School. Not• Z Am•lyslsol OF•r•dn8 Éxpensqs. 2022 2021 Dlrect Charitable Expendlture 38,874 28,229 Admini5traiioth 7,200 46,074 7,2LK) 35,429 Note 3 Ihvestments. 2022 2021 ma￿etV&1ue brou8ht forward Unr¢41Ssed BaSn on revaluatlon Market Volue carried forwar¢J 219,466 26.512 245.978 173.279 46.187 219.466 The historScal cost of the in¥e5tmpnts Is E150,rtsJ12021 t150.IY)01 2022 2021 Balance brou8hr forwBrd Tran5ferfrom Statementof Flnanclal ACtI￿t￿5 8alan¢è carrled forward 6￿,000 559.645 40,355 650.riyj t4ote 5 mulated Fund 2022 2031 8alance brou8ht forward Transfer from 5tdremenl of Flnanclèl ACt￿ltIeS Balonce carried fr)rwariJ 452.612 27.615 480,227 404.939 47.673 452.612 The Accumulated Fund Includes net unieallsed galnsof E95.67812021 £69,46618rfsln8 from the revaluoiion of Investments.