2024-03-31-accounts

OXSHOTh TRUST FUND IRe8isrered Charity No. 3050891 Yrvstees. Rewt 2to4 IrJepertht Rewi Statement dFIft•￿I Aal¥l e•l•nce Str￿￿ Nomto the Accounts 8t09 PrfDdp•l •O•M ¢lth•TNrt: O*shonviMa8e Centre 19 H01h￿Qd Road Oxsh¢XI Swrev Kll2C 49 Str¢ KT109A

OXSHOTTTRUST FUND (Reg0￿ered Charlty No. 3050891 P•8e 2 GOVÉR141NG INSTrUMENTS ANDOBJEcn The Oxsbott Trust Fund is a chèrity a Trust Deed dated 27th April 1959. The obl8rt5 rE th)rtta￿e PUry•Y4esfw the tr 1thabIt￿ ofOMshcll and Its lmndl•tè¥ld￿ty. TRV5ff ES. the folh)wln8 hawe %fftd •$ Trust¢es.' TnJ5tees.' Geoffrlry M(y Chawman Mlthael Carpent Stuart Knee Thefoliowlw wer• Idn￿r￿SIri￿è tnjstees tyvlrtu• rthmlftaikn toth• mèna8ement comminet,. Olfver thappel Hlljry LW50n Awtla Hoty R¢xe¢ Matsden ilz M¢Glbbo Om Porter Ja&4e Topp Wh8e IResrd 2Cth Ncwember20231 t￿rnry Secfdary Al the •bm arn Ta￿d+￿ts of¢)xshM •xwi for Ro8•r Marsden. The Trust Deed d¢)es not spedftctwm ofoffl¢¢ltyTrulleesand members ofth¢ mèria8ement c￿￿￿1 ind therefore ¥afwn8 panod5 •re seThed. Th¢ Com[￿51t10n of the Committee Is reylewed and fdreshed •1 re8ular InteThalsto ehsure the strncttsre stlll 5LlPPOrts the decision m•klw that Is In th• thlth's besi Intefests. whe￿ siqThllk•ni tssues or proJort5 af• In wcfre5S, such •$ fv Propo￿ new 5uwry. members WAII lend ioserye for I¢￿8¢T peric•Js. RE¥IEWOF AcnvmES The Oxshott Trust Ful￿ ¢¥Jrrentty m¢ets lis (tycis th¥owh115 Tde ￿OWner and mana8er ol the Oxshott Vllla¢e Cefitre. whlch operates o sltt IA Not￿￿ Road. 0￿￿)￿ under the tefms of lease Aranted on Inh Drfember 1963 lortht petlod to 2(W h the Crown Estate, whlch 1$ the ownerof the W. DurlnRthe yeaf the Trusi contlnued ro manaee theoxshott W¢￿&e Cenife and to att as I1￿j10rd to the Oxshott Medkal PrKtiu Is Ikensty to the Vernon Educational Trust bmii¢d on behaw ot Danes HMIS¢hod. There15 ¢ontlnulng proyess re8ardlniihe adv•n¢•neni of ihe In prlndple a8retment that ha5 been reached wlth the Crown Estate for aynt de¥d0pMe￿ ￿ • so1￿ bows ofo tw rnedlcal centre adlacern to the CLwr¢nt bulldlf¥. A pre appllobm fty has teen apprtyed Iiy a replacernem GP sur8erysublea to a $￿tablY des4￿ bulldlr¥. kn •rthit4rt r•soroth subn'ttlrya • hdl planning appllcation ￿11 shLNtYy be apwmed. Afi in￿[44 applleaiion lor slrate8k ¢t)mmunlty InfrastnKture Ivry lundrt h•s been submltted to Elmbrtttse ec 10 as￿51 thih the lundlng tsf wor4)sed knlopment. The undedea5e4T•nted to the Oxshort Medkal Pra¢tlce exptred ￿ the 3Cth Sqmember 2022- the under￿aSe has now been extended è fvrther ￿•$. orto a d•te ¢Jn the Oxshott Medlcal PractKe berryne5 •nliiled to ocrupy the new medlol centre. new undertea5e r•ma￿S to be ratlfied bythe Crty*m Estate.

oXSHO￿TRu5T FUND (Regisiered Charity No. 3050891 Pag8 1 RESfRUCTURtr Ih to prtr41de a moresultable 51ru¢turt ￿ the dv•YILWnt ofthe new medlc centre. Ihe Oxshott Trust Fund Is b•'wconverted Into a Chaflt•ble Incory￿ated Or8•Ai$8tron lao). An exten51¥e tonsuiiatlon exerc5se ha5 been undertaken to ensure that the wlshes of the Icul ¢unmunlty have been ukeo into K¢wnt ￿th1Th the Dew Con5ti¢thion, whith has now been subrnltted to the ChaiityCommls%lon ICC) lh¢ appllcatlon to tomi the ao. After the CIO has been ILYmed. the assets and liabl11t￿ of the O¥shott Trust Fund wlll be Iran5ferred at 3 later date Intothe CIO and the 0￿0￿ Tw5t Fund wlll be dissohfed but the Trnstees do not txpect ihere to sknllk•ftt reduath kn the v•lutOf￿ net •sse Durlnllthe ¢or4ultsthm exerose Itw•s nthd thert w•$ • In the numberof•l¢cted ￿￿rnber5 olthe Mart•gement Commrttee. Gum1•￿ was sou8hi the CC reR•rdln8 this Matter •rxl specffically whether the Oxshoty Trust Fund ￿ld have been wtsidefed to be ope•tlr$8 ￿ an 'uncon5titution•l b•sis'. In the Ccs the existkn8 mernbersol the M•na8enwt Cornmittee •re tharfty trustees a5 thty have Bef￿ra1 conrrd and mwemeni ofihe adminlsira16on th the th4rlty. As the Mana8erDeDt Commlltee has been ab to m•k¢ gUCrf•te dec15knn5 and •MyJI publlc meetlngs h4¥e trrten held. teydc+Mt hwe • rel￿M￿Y￿nCern. Ariy ¢M8e4nedoubtaKld bt rtmortd by more m•t)ers to theCtynmltt•t ¢y the ower In 5.280A oltht Ch4fMes Act 2011 to am+￿1 th¢ go¥ernlty dD¢umthi to r¢d¢Ke the number of el¢rted members. Tho ¢reabon ol the CIO wlll fe5dve the issye as all charlty trustees ￿11 in lutLre be eleaed. The (t￿mIttee has thefef¢ye taken thev￿Wthat eltlr 01 cwr5es ol ictlon wlll bec￿￿￿￿ered Ilthe ¢reatkxi of the CIO Is sublerti0subs￿IIII delty. TheC¢mmbttee lssaiknffied thjt ttw havt made v•lld dedsbw5 rwJ made •ppolntments In accordafi¢e wlth thelr F￿er5 In eoodfa6th ¥r#l therfty•th•fe15 on ih•se ar£oums Ir￿ no lurther actim ts fequlred. RESERVES TheTrustees have set up • sepafate Fwerty Res•w¢ f4% the PUFtyJse of pT￿￿1rvdf0r ar exceptlonal ¢05ts relatln8 to111 the relurblshrnentof the exl$tlfig bvlldlrp1111 the exfensth of the Head Leasefrom the Cr)wn Esiate and llillthe develwwit of o new medlcal centre. Thest dè518nattd fundsare rewe5efttÈd bya cornblnatlon ol ￿VeStMents and dep05it5. The ReSe￿w•S est•bllshed by an Ir¥tl•l tr•nsfer from theACcum￿￿ed Fund, whkh has been subsequertht Krea5ed bv trofisfer5 Out of operatln8surpluses and ty•ny ex£eptton•l co#$ Incurred. RMANCWI IEWEW O¥eFvlw: theTfusiee5 afe ple•sed io rep)rt an ovetau surplu5 of É97.8k fN the year comwred wlth £64.9k reported135t yea¥. thls represents an eKdlwt perftymance wth most of our Inccyne $treaff￿ Show1￿￿￿4h(•TrI Inuease5 Cf4er l•si year. Addltimal profeS￿￿al fees on the n•w medl(41 ntre have been ab￿rbed withln tr t￿11 costs and a fvrther £X has been tvanderred to th• Property Re5eTh• ihls year. The kry f•rttrs Impactlrqthe iesult5 ore sei out beksw.

OXSHOTh TRUST FUND IRe8isiefed Charily No. 3050891 PJ8e4 Mh•oft￿OI1h¢ There w•$ afi en¢¢wr4Ww IrKreo• In use of the Halls thls veaff and our Lettlw5 corne h)tre•50d toovtr U7k. ¥thbth ts ntY4Y brtsadly atthe pre t￿d I￿e15. T(rtal operattn8COSts Increased by £8k to ÉSSI due malnty to h￿eT rep•lr$ ahd m•intÈnance costs. IA athllllon 108eneral plumblw and elearlcal vepalr5 (all￿d the mJlh ¢)fie off frtems wefe rw and thiiv$1£3.3kl. a rw alr condlllonlrq unli for th• dcc4 Inttea5•d signthcarttJytht5year due to an annual Inuease a￿1 hl8her use olthey1s5td &re•. The thl ofdeposit ￿tEreSt im¢rt•sed to E19k as mosi ofthe deposlts wern r￿led ty•r to rfftv lemb5 to take 4thtarttsie ol the higher marei ￿￿e$ avalloble. The two term Inve5mvit5 wfrymed well the year and plc4j￿ed a lurther unreallsed gain of £21.5K whlth in tatsl n¢y st•thds at ¢y4tr £115k. A furth¢f £SC was iraTrsfeired io the Property Restr¥t and the reMaI￿nIS￿¥pI￿sQ1 £47.8k wasiransfwred to iheAccurnulJted F¥nd. As 31315t 2024 IheTnsi hd rt awrent assetsof É81th and totsl Re5er¥es 01 £1,293k ol whlch £7X* Is Jes￿¥t¢d •$ Prweny Res¢The and the remalfjln8 weser¥es arnou0v￿to £543k ale 8eherl •v•llable for the onwnq owratior15 DÉCLARATIOP4 This ¥eport was appr￿Ed ty tht m•wement lTrh 5epl¢mbef 2024 and on thelr bthaw bv GHMwle Chalmian SAKnee Trta5urer

OxSHo￿ TRUST FUND (Registered Charity No. 3050891 Pa4e 5 It4DEPE141XNf EXAMINEVS AEPORTTOTHE TAusrtES I report on ihe accounts olthe ab¢we I-l￿ Trust") fry thèye¥ ended 31. Marth 2024 whlth a set out on pa8e$ 6- 9 The chadts tfUStee5 are resp￿￿Oble lor the prepar•tJon ofthe •cc¢unts. The thartys trustees¢k￿bder that an Judt Is not requlieil for ihls ye•r urthr 14q21 ol the Ch•rltles Art Xjll Ithe Artl and that an Indepefvjent examln•tkn Is needed. rt ￿ my It$￿51bIlIty to.. examirbe the xcounts under setti¢ffi 145 of iheAcl • follow the pro¢¢dufes In the General tMfeCllons•%ti by th• (J•rlty Commlsslm und•f sectton 1451511bl of the Aa • stat• whher Pll¢ufar m•tttrt CLMnt lomy attention. I￿• of th• Indep•￿￿ Eumln•rfs Il•port My eXaMin￿tOn was Carrh￿ wt in tCLYdmwlth the G•n•ral OiroctkY& 8h•n tythe tharlryc0mm￿{I5n. Thls exaMIna￿oN Include5 a re¥￿ oltht retords of Trust znd a comparlsm ol the accounts with those rewrds. It also Irrfludes ¢onslder•thX of afty ufiusual tttm5 or d15dosures In the •¢counts and seekln6 explanaiions tr(￿ you astrusi¢es c(AK¢r￿n8 sych mattefs.The pl￿ed￿￿5 undertaken th) provlde 11 the wldence that w(￿d be requlred in arl 4udSt aThJ (£wuentty no Wnion15 as to whether the ac(tyJntS PFes•nt a'true and fal¢ vlew. and the rwrtlsllmlled tothwA matthts set ¢Jut In the Nèxt $t4tement. Ind•p•thi Ex•mSn•r's Stst•m•nt I ccrflrm thot no matter has tome to my attentlon kn connectlon wlth the exambnatlon.. 111 whlch ifves mt cause to bdleve that In arry matertèl re5pect'.- the att¢junt1n8te￿ds were not kept ￿ acc￿￿•￿(e with se¢iTh 130trf th A￿. L . the •cwunts dld not a(rord wlth Ihe accwnllw re￿0$. • the accounts dld not cornpty wlth the requlrements the fomiat and content ol accourtts set In the Charlties {Actt￿nIS and Aeporrs) Rew1•t￿5 2(￿￿11￿ th•r5 that the •¢coufitswe a'iwe •nd f•ir whkh •s•xpl•ined •bM Is not • matter ¢onsldeied as yrt ofih• wmin4ti¢kn". or 121 w whlch In my oFdnlcffi. atteffllon shTh￿d be dr•wn In fydertoe￿bIe a woper undwstsfidlnl ol the acu>unts tob• r•add. l•n Dllks Hl8hlands 7 HO1￿l￿XI Ro*1 Oyshott Swrey KT22

OXSHOTh TRUST FUND IRc¥i%t¢rrd (-hrii) Ni) 30511891 STATEMEKf OF FINANCWL ACTNMES lar the Year￿￿led 31st M•r¢h 2024 Py6 24 23 Leittn8s Income 37M2 31.C65 Water and Wèste Collecti¢Jn less.. Rechir8eO to Medlcal Practk• Net Waierand Waste Cdledlon htin8 and Htatva Insuf•l)¢• Cleaning Upkeep of Grour#ts Repai￿ and Malntenance Adrninlstrati￿ and OlfKe <0sts Grcwld Rent Sundry Expenses Toi•l Operatiry Exptnses INoie 11 Opv•tlni Dèllclt b•for• Ert•Pl￿1 It•rnS 5.692 2.556 3,136 3.237 4,324 6￿19 6.894 20.657 9.353 120 4,593 2.2.10 2,323 6,015 4,013 6.27S 7.279 12.W9 8,148 120 135 55.549 17.927 47,117 16.022 Excepiknal Item5'. INot• 31 10.237 1.276 Op•rntln8 Dellclt alw £xr•ptlort•l Ii•mg 17,298 Reni)ls Imte 11 less.. pald to the Cfvm Estatt 51 6.slo 45,3YO 40.247 18.910 51,840 5.926 45.914 32,219 ikenc¢ Fees IN¢)tt 11 Bank and Oep051t Intèrert 101.487 84.127 Op•rtlni Swplus b•lorn In¥+th￿ G•lns 76.323 fj6J29 VnreaNsed ylnllosslon Irwestmthts INote 41 21.498 1.917 Surplus lor th• y••r •ft•r In¥•$Th￿l 97.821 64.882 Transfer io PfQP•rty fl•sery IP4oie 51 nrA Surplus IAnsl•rMd wih• At￿mUlat￿ Fund 47.8ZI 14.882 £cumulated Fur•1 br0u8htfo￿ald 495,109 480.227 Actumul4t•d lonwrd (Note 6) 495,109

OXSNOTh TrUST FUND Iltsgislered Charity No 305089) SHE 2024 2023 FIMed Assets 317.113 217,113 Note4 265.529 244.031 Debior5 47.417 7S3,599 15.140 11,186 715.983 11,032 Deposll Accounts Cash and 8•nk 8•lan 816.156 738,201 L￿$.. Crodtor5 42 Net Cwr•nt Assets 810.288 733.965 NÉT ASSETS 1,292.930 1,195,109 RESERVES 7fy).(D) Na¢• 6 S42.930 495.109 TOTAL RESERVES 1,292.930 1.195.109

XSHOThTRUST FUND IRcyislirLyl C'hwrily No 3050891 Pi8• 8 Not• i Polld•5. DI￿$ ofAt¢ountln8: The Kcounts haw been wep•red kn Kfwd•nre wth the Statment of Recommended pr•al￿ appliCab￿loCharil￿ preparln8 ihelractrjjfits in accorda￿ w￿h the Flnanclal Reportlw Suthjaro fof Smaller Entllles, Issued by the Chjrths Commtssion. The atctyjnts have been ￿Pared urbdef the hlstorful ¢ost C%Th￿￿Oi1. ex¢ept Investments. whlch af• Includéd market value IbiJ prk•l. All Inco￿ and txpendsture Is reco¢rtlsed ￿ an xvuals ba51s. After the CIO has been ftymed the assers •NI liabllthes of the Oxshott Trust Fund wlll bt tr¥nsferred at a later dale Into the CIO Ind the Oxshott Trust Fund wlll be db$$￿ved but the Trusiees do I￿r expecl the￿ to bè any sWnfftaTrt redu¢tioTh In the valut of the nrt •ss•ts and i(£(thnAty the Tlustets coniinue to &Yepaft these atcounts on • concern ba515. Hx•d Asmik" Flxéd ass•ts comfv the LYW tost of ihe buMdln8•)d slte works. DI￿￿. The dwlt •ccounts h•ve ￿t￿¢ ptrk)ds w maturlty terno d no mort than ye•f. U¢•nte Feos: Uc•nce tee5 the lets f•cei¥•d fLY111 olts w•d area ind1111 parkln8 c￿CeSSIOnS yanted tovernon Trwt Ilmited ￿ beh¥Nol 08nes Hill School. The arnounts pald by the Medleal Prartke fw the pJrkln8CL¥Kesth1É4.4351 I￿ SI￿￿ In Aenials but in lasi year's accouhts iheywere shtr•m wlthln I1(en￿lee$. 2023 Dlrrft Ch•rltaWe Expendlture Fvndra151r AdmIn15tra￿( 46.196 3&%9 9.353 55,549 8.148 47,117 Note 3 Ex(•ptbwl Ite 2023 Gross costs Ifees Loss.. re(har8ed to the Crown Est•ie Net Costs incurr•d 20,474 2,552 1.276 1,276 10,237 The net Costs Incurréd In 2023 werè irtclud•d wrthin sundry expenses In last yearf5 accounts but they 14Dt• 4 In¥•rtm•n 2023 IAarkrt V•lu• b1￿ht forw•rd Unrealistd e•ln1kn55I revaluailon Markeivaltse caffd fo￿ard 244,031 21.498 265,529 245,978 1.947 244.031 The h15torfcal cost of tfrhg InStMer￿ Is£lSO.CW12023 É150MII

OXSHOTh TRUST FUND IRcgi5tcr¢d Charity ND I(Tr51189} P•8e 9 Ball￿ bro￿h1 lorw•r TransferfrLn 51atement ol FlnKl•l ktrAlbes Balance c•ffied lorwud 650,C Not• 6 A¢aMUl￿ed fvjnd 2Q23 8alance brtwht f¢ywarO Trbnsler frw Statement ol FInanc￿l AcNtl 8•lanté ¢aty5•d ftyward 495,109 47,821 542.93) 480,227 14,882 495,1Tr3 The A¢cumulated Fund itscludes net urwe•llwdualn5 (4 £115.5291X¢23 É94.0311 fr(*n th¢ re1￿U0t1¢Jn of Inv¢siments.