Charfty registratlon number 1013246 (England and Wales)
Campany reglstratlon number 02733803
OXFORDSHIRE MOTOR PROJECT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
'ADYLWP20•
1810312025
COMPANIES HOUSE
A07
#51

OXFORDSHIRE MOTOR PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Truglees
Rae Humberstone
Paul Sweeney
Camen Hutchinson
Nicolas Haudecoeur-wilks
Simon Draper
Senlor management
Peter Wilks
Steph Dass
Charfty number {England and Wales)
1013246
Company number
02733803
R•gl•t•r•d offl¢•
Red Bam Farni
Woodstock Road
Wolvercote
Oxford
OX2 8JR
Audltor
Gra¥ita Audit Oxford LLP
First Floor, Park Central
4041 Park End Street
Oxlofd
OX1 1JD

OXFORDSHIRE MOTOR PROJECT
CONTENTS
Page
Trustees, Foreword
Trustees, report
Statement of Iru8lee8' re8ponsibililies
Independent auditorfs report
Staternent of flnanclal actlvlties
10
Balancé sheet
11
Stalement of cash flov
12
Notes to the financial statements
13-25

OXFORDSHIRE MOTOR PROJECT
TRUSTEES. FOREWORD
FOR THE YEAR ENDED 31 AUGUST 2024
Another year of InC￿asing student numbers. in part driven by an increasing demand across Oxfordshire. To support
the increase, we made a slight change lo the structure by increasing the overall TA role numbers while reducing
some senior roles. This has improved our ability to provide Increased 1-1 support. We further increased the TA
numbers in the back half of the year to enable us to be ready for the further increase in studenl numbers expected
in 24125.
Revenues for the year 23124 increased making a positive contribution to reserves. The strategy of increasing TA
levels before year-end has enabled us to complete training so the staff ale immedi8tety able to deliver on their
required roles. The student numbers for 24125 have indeed increased by 18%. The expectation is that the increase
will continue lo the maximum level of capability wlh a small increase in TA staff levels to manage this increase. We
are also planning a slighl restructure in first-line management to ensure there is enough support for the increased
level ol TA.
It should be noted these are not standard TAS but individuals who do not just deliver the course material bul go
Ihrough a training PTogTamme in Iherapeulics, mental health and 1-1 care. restraint training as well as the standard
package of training we deliver to all members of staff.
Polenllal new prefflises have taken a18rge part of management time. The demand lor charity seNices continues lo
increase, and the need for new P￿rnI$e$ is important not just in terms ol numbers bul increasing the supporting
seNices. The charity has identified a strong possibility at the start of 23124 and is continuing negotialions with
various stakeholders. The charity will conlinue to hold staff and student number8 for the current site untll new
premlses are confimed.
The plan to bulld on the successful apprenticeship scheme has not Increased at the levels we would have liked, still
on plan bul the demandls large. There Is an Increase In management lime to ensure we can deliver Ihe support for
apprenticeships. It is expeded we can tum our attention to developing the apprenticeship programme in late 24125
and into 2026 Meeting the demand for these schemes.
As part of our growth, the decision was taken lo change the auditor lo Critchleys now Gravila. We have been very
pleased by the prolessionalism and support received and look YO￿ard to worf(ing with them in the coming years.
Our staff have been, as in the previous years, excellent in their professionalism and in managing some of the county
mosl challenging young people. We continue lo invest in training and development in child protection reflected by
the posllive outcomes from school compliance visits and Ihe council reviewing our processes. The declsion lo focus
on therapeutics and mental health support in the earfy years is delivering measurable improvements, vthich we
hope will increase as we build through 11 through to 14. Therapeutics and mental health support continue to be an
Important part of the work posl-14. Of nole is the excellent progress across functional skills, which include Malhs
and English.
Once again, we thank the friends ol the charity for thelr conlinued support whether that be finanaal or advice.
Simon Draper
Trustee
Date.. 26 February.2025

OXFORDSHIRE MOTOR PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report and financial statemenls for the year ended 31 Augusl 2024.
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present Iheir report
with the financial Statements of the charity for the year ended 31 August 2024. The trustees have adopted the
provisions of Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable to chanties
p￿Paring their accounts in accordance ￿th the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) (effective 1 January 20191.
Objectives and •¢tlvltle8
The objectives of the charity are..
To advance the education and Iralnlng of young people under the age of 20 years wtho. or whose parents reslde In
Oxlordshire and the surrounding area and who are struggling with mainstream education or allernalive education
provision. In addition, the charity tskes on young people whose circumstances may create tendencies in them
towards offences so that such young people may grow to full maturity as individuals and members of society and
become better equipped to lake a useful and responsible place in the community.
Public benefil
The charity exists to serrfe a wide range of young people, at vthat may be difficult and formative times of their lives,
lo augment the resources available lo provide appropriate levels of care and support.
The trustees confim) that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard
for the Commission's guidance on public benefrt.
Aehl•vement8 and p•rformanc•
Significant activities and achievements 8g8insl objeclives
As we move completely clear ol COVID_19 lockdowns, the year accelerated with the number5 of students alongside
inveslmenl in slaff for the fulure. This yea¢s accounts demonstrate that ablllty lo deliver lully with increased
revenues and a strong conlribulion to reseNes. Cosls have increased, especially for slaff as we buill for 2024125
and Into 2026.
The forecast for 24125 and actuals lo December 24 shows further increases in student numbers.
The trustee& belleve that the tharity continues lo be in a strong position to meet the challenges of its core dellvery
which is to provide growing support lo those young people who are high-risk and vulnerable within Oxlordshire, with
holistic support 8nd slruclured vocational courses achieving recognised qualifications. Alongside the increased
number of students. the first apprenticeships were successlulty completed. One apprenlice moved on lo lull-time
ernployment oulslde of the chanty and the other In the programme Is now employed as a full-1Sme tutor in the blcycle
workshop.
It Is Important to understand that lo achieve success we have not engaged in hlstoric averages except for key
measurements of % of students achieving their exams and Vo of students who gain lull-lime perrnanenl
employment, further education or an official apprenliceship scheme. We focus our energy on individuals asking
what good looks like for them understanding that that can expand as they achieve milestones in improving mental
health. and functional skills and for Ihe first time for many City and Guilds awards for perfomiance. Each studenl
has a daity log which enables us not lo focus on the individual short-lerm ups and downs but to gauge the direction
ol travel, making slight adjustments on the way. Imien we sil down wilh a student. we don't deal with superficial
content bul with a sense of Progress, backed up by specifirA dosing the gap belween what may have seemed
impossible. becoming possible. We cannot change the past, but we can influence the future.
Flnancial r•vléw
The trustees have considered the financial position at the balance sheet date and are satisfied thal the charity is
stable with predictable revenues. The Irustees consider that the slrategy that has been put in place over the last five
financial years is working and delivering predictable revenues. alongside planned increases in student numbers and
increasing diversity.
The forecast budget stated growth would be achieved by August 24. The trustees can confirm the plans in place to
athieve growth were mel and the long-tenn forecast is for thal grov4lh lo continue into Ihe year ending Augusl 25.

OXFORDSHIRE MOTOR PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Going concèm
The financial statements have been prepared on a going concem basis as the trustees have assessed Ihe position
and have no reason to believe that any material uncertainties would affect the ability of the chanty to continue as a
goin9 concem for Ihe foreseeable future.
The trustees have considered the next 12 months and reviewed posl4ate reports for that period in their
assessment. We note the period from September 1st, 2024. to December 31st. 2024, an increase of 25OA in
revenues.
Reserves policy
Unrestricted funds are needed to provide resources that can be assigned to Specific projects to enable those
projects to be undertaken al short notice, as well as lo covei ongoing costs of the tharity. v￿thoUt which the charity
could not function. The trustees consider it prudent that unrestricted reserves should be held lo the level of 3
months, salary costs which is budgeted to be £238,000. Currently Ihe unrestricted free reserves is £123,166. Covid-
19 lockdowns restricted ihe capacity which the charity was able to offer to sludents which meant income stagnated
whlle costs continued to grow 85 the charrty recruited appropriate staff to support ils work. Following the lifting of
these restrictions the charity has returned to Making a surplus and is on target to hit this level of reserves by Q1 of
2026.
The IrusteeB' decislon lo move away from a reliance on Trusts and Funds accelerated during the year to more
increased revenues with contracts direct with OCC and schools. The move towards Special Educational Needs
ISEN) either from OCC or directly with schools is a service that supports the local cornmunity.
Plan• lor future perlod•
Given the growng demand for our sep4ices, our plans continue to be to increase the services and vocational
courses to provbde proven outcomes for young people. In the medium tem that will include moving lo new
PTemi5es.
As we move into the new year our cash posttion is strong with record numbers of students this year and a planned
increase in 24125 We will also See an acceleration of the moving-on scheme that is now taking students beyond
their time al the charity as we assist their chances for employment. As part ol that programme, we inlToduced
appienticeships and confimied the first two apprenticeships were successful. One left the charity for lull-time
employment oulside of the charity and the other is now employed by the charity delivering bicycle City and Guilds
courses to young people. We are exlending the apprenticeship scheme over the next two years.
The long-lemi strategy of combining mental heallh v￿th vocalional skills qualificalions and importantly moving on to
further education or employment is a proven model lo make a significant difference to young people's lives. 11 is
unique model that other counties are interested in replicating through the project.
Slructure, governance and management
Oxfordshire Motor Project is registered under the Companies Act 2006 as a company Ilmited by guarantee and not
having a share capital.
Oxfordshire Motor Project is a registered Charity constituted as a limited company under its Memorandum and
Articles of Association. The charity registration number is 1013246 (England and Wdles) and the company
registration number is 02733803 (England and Wales).

OXFORDSHIRE MOTOR PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Recruitmenl and appointment of tmslees
The Trustees are also the directors of Oxfordshire Motor Project for the purpose of company law.
The charity identifies Trustees from all walks of lrfe. either those who approach us or we approach them. We
currenlly have a professor, an Investment Banker. an FD, an ex-Lord Mayor and importantty an ex-attendee as a
pupil at Trax in the 905 and now employed by Mercedes.
A Gandidate may come from a speafic skill set or a general kn¢)wledge and commitment to the outcomes.
Once a candidate has been identified we vffjuld invite them to a trustee meeting limited by stepping oul for
sensitive or confidential infomiation.
The trustees would lake a vole, and a majorlty would carry a draft pasilive outcome. Check with the
candidate if they wish to proceed.
Compliance checks, including DBS and conflict of interest checks
Letter from Chair confinning requirements and ts'mescale includirw "being a charity trustee. Charity
infonnalion pack. Induded in this pack are the crltical policy documents that will need to be read and
understood. As part of the training, the new trustees will be qulzzed on thelr understanding and be given a
lull set as a Teference point.
Complete the Companies House Direclor appolntment whlle finally ensuring the appointment has been
logged on the charity commission website.
During this process the candidate would spend a few days at the charity witnessing the work that is carried oul in
person and by the Ilme they are conflrmed as 8 trustee they would be f8mlliar Y￿th the processes ol the charty.
Org8nisational struclure
Overall responsibility for the charity's managemenl rests with the Board of Trustees who are also the charity's
directors. The selection of trustees is designed to supplement the existing skills and expertise ol the Board and is
govemed by an infomal skills assessment.
R•portlng Iln• 202412025
Chair of Trustees (final vote if no majorty on major decisions) Trustees
Slrategy is developed by the Truslees and CEO
CEO reports lo the Trustees and has direct Ilne responslbllity for Finance, HR. Legal, Compliance and Student
Perfomiance within the reporting line.
The COO reports to Ihe CEO and has direct responsibility for day-to4ay operations, Studenl Intake, and Risk
Assessments, Including lialslng with SEN offlcers
Senior Management Role reports to the COO Bar Iwo who reports directly to the CEO but liaises with the COO from
time to time.
Tutors and TAS report directly to Senior Managers.
Other matters
Key management personnel
Key Management Personnel is considered to include the Chief Executive Officer and Chief Operation Officer.
Further information on remuneration is given in note 10.

OXFORDSHIRE MOTOR PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees review, on an annual basis, the major risks bvhich the charity faces lo ensure that it has sufficient
resources in the event of adverse conditions. The trustees have examined the operational and business risks which
the charity tsces and confimis that they are satisfied that systems and controls are established over key financial
systems to mitigate any significant risks.
The major risks facing Ihe charity are around controlling costs and securing long-term premises. The trustees are
very aware thal it is essentsal to control costs both around infrastructure and in those arising as a result of the
increasing student numbers. Whilst grovrth is good, uncontrolle¢J growth is not. Additionally. the trustees are aware
that increasing student numbers and increasing revenue means that it is fundamenlalty important to ensure that
organisats'onally the Correct structure is in place in terms of operations, governance and ongoing scrutiny. In the next
finanaal year. it will be a prionty lo secure new premises as the charity will need to move in the next 2 to 3 years.
These risk6 are at the top of the operations team list, and these are reported on and monllored at every Board
meeting.
Audltor
In accordance wlth thè company's artlcles, a resolution proposing that Gravlta Audit Oxford LLP be reappoSnted as
auditor of the company will be put 81 a General Meeting.
Dl•clo•ure ol Inlomiallon to audllor
Each of the trustees has confimied that there is no infomation of vthich they are aware which is relevant to the
audit. bul of which the auditor is unaware. They have further confirmed that they have laken appropriate steps lo
identfy such relevant information and lo establish Ihat the auditor is aware of such inlomalion.
The charity is registered with Ihe Charity Commission and Companies House as Oxlordshire MotOF Project bul is
commonty referred lo by its slakeholders as TRAX Motor Project.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2008
relaling to small companies.
Approved by older of the board of trustees and signed on its behalf by..
Simon Draper
Trustee
Date.. 26 February.2025

OXFORDSHIRE MOTOR PROJECT
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The twslees. are also the directors of Oxfordshire Motor Project for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdoffl Accounting Standards (United Kingdom Generalty Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements foi each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for th* year.
In preparlng these flnanclal statements, the trustees are required to..
select suitable accounting policies and then apply them consistenlly:
observe the methods and principles in the Chanties SORP.,
make judgement5 and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Slandards have been followed, subject to any material departures
disclosed and explained in the ffinancial slalemenls., and
prepare the financial statemenls on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting recoids that dlsclose with reasonable accuracy at
any lime the financial posltion of the charity and enable them lo ensure that the finanaal slalemenls comply with the
Companies Act 2006. They afe also responsible lor safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and deleclion of fraud and other ir￿gUIantie6.

OXFORDSHIRE MOTOR PROJECT
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF OXFORDSHIRE MOTOR PROJECT
Oplnion
We have audited the financial statements of Oxfordshire Motor Project (the 'charity') for the yeaf ended 31 August
2024 which comprise the statement of financial activities, the balance sheet, the slalement of cash flows and notes
to the financial statements, including significant accounting policies. The finanual repov*'ng frarnework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Finanaal
Reporting Slandard 102 The Financial Reporting Standard applicable in the UK and Republic of I￿18nd (United
Kingdom Generally Accepted Accounting Practice).
In our opinion. the financial stalements..
glve a true and falr view of the stale ol the charltable company's affairs as 01 31 August 2024 and of its
incoming resources and application of ￿SourCeS. Induding Ils income and expenditure, for the year then
ended.,
have been properfy prepared in accordance with Unlted Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance wilh the requirements of the Companies Act 2006.
8asls for oplnlon
We conducted our audit in accordance with Inlemalional Standards on Auditing (UK) IISAS IUKII and applicable
law. Our responslbililies under those slandards are fvrther described in the Audilofs responsibilities for Ihe audil of
the fin8nci81 slatements section of our report. We are independent of the charity in accordance wilh the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other elhical responsibilities in accordance wilh these requiTemenls. We believe
that the audit evldence we have obtained Is sufficient and appropriale to provide a basi5 lor our opinion.
ConcluBlon8 relailng to golng eoneem
In audiling the financial slalemenls. we have conduded that the trustees, use of the going concern bas15 Of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have nol Identrfied any materlal uncert8inlies relallng to events or
conditions that, individually or colleclively, may casl significant doubt on Ihe chanty's ability to continue as a going
oncem for a period of at least trrtelve months from when the financial statements are authorised for issue.
Our responsibilities and Ihe respon$ibllllies of the trustees wlth respect to going concern are described In the
relevant sections of this report.
Other Infomiatlon
The other infomiation comprises the information Included in the annual report other than the financial statements
nd our auditorfs report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial slalements does not cover the other inlormation and, except to the extent
otheréiise explicilty slated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the olher infornialion and, in doing $0, consider whether the other Info￿allOn is malerial
inconsi5tenl with the financial statements or our knowledge obtained in the course ol the audit, or otherwise appears
to be materially misstated. 11 we identify such material inconsistencies or apparent material misslalements, we are
required lo determine whether this gives rise lo a material misslatement in the financial statements themselves. If.
based on the work we have performed. we conclude that there is a material misstatement of this olher information,
we are required to report that fact.
We have nothing to report in Ihis regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on Ihe work undertaken in the course of our audit..
the information given in the truslees, report for the financial year for vthich the financial statements are
prepared, which includes the d1￿CtOrS. report prepared for the purposes of company law, is consistent with the
financial slatements.. and
the directors. report included wthin the trustees. report has been prepared in accordance wth applicable legal
requirements.

OXFORDSHIRE MOTOR PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF OXFORDSHIRE MOTOR PROJECT
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the
audit. we have not identified material misstatements in the directors, report included V￿thin the trustees, report.
We have nothing to report in respect of the following matter$ in relation to which Ihe Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting Tecords have not been kept, or retums adequate for our audit have not been received
from branches not visited by us., OT
the financial statements a￿ not in agreement with Ihe accounting records and returns,. or
certain disclosure8 ol trustees. remuneration specif ed by law are not made: or
we have not received all the information and explanations we require for our audit., or
the trustees were not entilled lo prepare the financial statements in accordance wllh the small companies
regime and tske advantage ol the small companies, exemptions in preparin9 the tfUStees' report and from the
requlremenl lo prepare a strategic report.
Respon8lbllltles of trustees
A$ explained more fully in the stalement of truslees. responsibilities, the trustees. who are also the directors of the
charity for the purpose of company law, are fesponsible for Ihe preparalion of the financial statements and for being
salisfied that they give 8 Irue and fair view, and for such intemal control as the Irustees determine is necessary to
enable the preparats'on of financial slalements that are free from material mlsslatement, whether due to fraud or
error. In preparing the financial statements. the trustees are fesponsible for assessing the charity's ability lo
ontinue as a going concem, disclosing, as applicable, matters related to going concem and using the going
concern basis ol accounting unless Ihe Irustees eilher intend lo liquidate the chantable company or to cease
operations, or have no re81islic allernallve but lo do so.
Audltofs re8ponslbllltles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a vthole are free from
material misstalemenl, whether due to fraud or error, and to issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guar8ntee Ihal an audit conducted in accordance
wilh ISAS (UK) will always delect a material misstatement when it exisls. Misslatemenls can arise froffl fraud or
error and are considered matenal if. individually or In the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial slalements.
The extent to which our procedur88 are capable of detecting irregularities, including fraud, is detailed below.
the engagement partner ensured that the engagernent team collectively had the appropriate competenGe,
capabilities and ski115 to identify or recognise non-compliance applicable laws and regulations.,
we identified the laws and regulations applicable lo the company through discussions wilh directors and
other management. and from our knowledge and experience.
we focused on specrfic laws and regulations which we consSdered may have a dlrect material effect on the
financial Statements or the operations of the company.,
we assessed the extent of compliance with the laws and regulations idenlified above through making
enquiries of management and inspecting legal correspondence where applicable,. and
identified laws and regulations were communiGated within the audit team regularly and the team remained
alert to instances of non-compliance Ihroughoul the audit.
We assessed the susceptibility of the company's financial statements to material misstalemenl, induding obtaining
an understanding of how fraud might occur. by..
making enquiries of managemenl as to where they considered there was susceptibility lo fraud, their
knowledge of actual, suspected and alleged fraud.. and
considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.

OXFORDSHIRE MOTOR PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF OXFORDSHIRE MOTOR PROJECT
To addre55 Ihe risk ol fraud Ihrough management bias and override ol controls, we:
performed analytical procedures to identify any unusual or unexpected relationships.,
tested journal enlries lo identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting esllmates were
indicalive of potenlial bias., and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance wrth laws and regulations. we designed procedures
which included, but were not limited lo..
agreeing finanual statement disclosures to undertying supporting document8ts'0n',
reading the minutes ol meetings of those charged with governance.,
enquiring of managemenl as lo actual and polenlial litigation and Glaims.
viewing relevant correspondence.
There are inherent limitalions in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance,
Auditing $18ndards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
A further degcriplion of our responBibililles is avalloble on the Financlal Reporting Council's web511e at.. https.'Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditoes ￿Port.
Other m•tter4
The comparative figures are unaudited.
Use of our report
This report is made solety to the charilable company's members, as a body, in accordance wilh Chapter 3 of Part 16
olthe Companies Act 2006. Our audil work h8$ been undertaken so th81 we might stsle lo the charilable company's
members those matters we are required lo state lo Ihem in an auditor's report and for no other purpose. To the
fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charitable
company and the charSlable company's members as a body, for our audlt Wofk, lor this report, or for the opinions we
have fomied.
Katherine Wilkes (Senior Statutory Audllo
For and on behalf of Gravita Audil Oxford LLP, Statutory Auditor
Chartered Accountants
First Floor. Park Central
4(k41 Park End Street
Oxford
OX1 1JD
Date.. 14 March 2025

OXFORDSHIRE MOTOR PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Restated
Total Unrestricted Restricted
funds
funds
2023
2023
Restated
Total
Unrestrieted Restrlcted
funds
funds
2024
2024
2024
2023
Not•$
Ineome from:
Donations and legacies
Chantsble aclivitles
Investments
2,350
1,094,046
42
10,000
25,181
12.350
1,119.227
42
6,881
896,888
209
13,949
40,060
20,810
936,946
209
Total Income
1,096,438
35.181
1,131.619
903,95e
54,009
957,965
Expendlture on:
Charitable aclivities
Other expenditure
1,054,733
33,321
1,088,054
852.551
718
43,995
896,546
718
11
Total expendltur•
1.054,733
33,321
1,088,054
853,289
43,995
897,264
Nel In¢om•
41,705
1,860
43,565
50,687
10,014
60,701
Transfers belween
funds
21,326
121,326)
N•t mov•m•nt In
funds
63,031
{19,466)
43,565
50,687
10,014
60,701
Reconclllatlon of funds:
Fund balances al 1 September
2023
166,116
27,571
193,687
115,429
17,557
132,986
Fund balances at 31 August
2024
229,147
8,105
237,252
166,116
27,571
193,687
The statement of financial activities includes all gains and105ses rewgnised in the year. All income and expenditure
derive from continuing aclivilies.
The prior year expenditure has been restated to splll out £718 loss on disposal into other expenditure tnslead .of
tharitable activities. The net effect on the Slaternenl of Financial Activities is £Nil.
10-

OXFORDSHIRE MOTOR PROJECT
BALANCE SHEET
ASAT31 AUGUST 2024
2024
2023
Note8
Flxed assets
Tangible assets
Inveslments
13
14
114,085
115,938
114.086
115.939
urrent a8set•
Debtors
Cash at bank and in hand
15
176,405
40,857
103,869
64,584
217,262
168,453
Creditors: amounts falllng due wlthln
one year
16
(94,096)
(90,705)
Nel current assetg
123,166
77.748
Tots14•••ts l••• ¢urr•nt Il•bllltl••
237,252
193.687
The lunds ol th• Charlty
Reslncted income funds
Unrestricted fund5
8,105
229,147
27,571
166,116
19
237,252
193.687
The financlal statements were approv8d by the tNstees on ..%F..F.otsr.M4rY.2025
Slmon Draper
Trustee
Company registration number 02733803 (England and Vrfales)
11

OXFORDSHIRE MOTOR PROJECT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operatlng aclSvities
Cash (absorbed by)Igenerated from
operatlons
24
(8.607)
14.498
Investing activilie5
Purchase of tangible fixed assets
Investment income received
(15,162)
42
(11,329)
209
Net c•sh used In Investlng actlvitie$
(15,120)
(11,120)
N•t cash generaled from Ilnanclng actlvltles
Net {decrea8eylncrease In cash and cash
equlvalents
(23,727)
3,378
Cash and cash equlvalenls al beginnlng of year
64,584
61,206
Cash and cash equivalents at end of year
40.857
64,584
12

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting pollcie•
Charity inlorniation
Oxfordshire Motor Project is a charitable company limited by guarantee incorporated in England and Wdles.
The registered office 18 Red Bam Farm, Woodstock Road, Wlolvercote, Oxford, OX2 8JR.
1.1 Accounling conventlon
The financial statements have been prepared in accordance with the Charity's governing document, the
Companies Act 2006, the Charities and Trustee Investment {Scolland) Act 2005, the Chanlies Accounts
(Scotland) Regulation5 2006 las amended), FRS 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland. {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparlng their accounts in accordance wlth the
Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 1021" {effective 1 January
2019). The Charty is a Public Benefit Entity as defined by FRS 102.
The finanaal statements are prepared in sterling. which is the functional currency of the chanty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slatemenl8 have been prepared under the h18torical co81 convention wllh the exception of
investments which are included at market value. The principal accounting policie5 adopted are set out below.
1.2 Going concom
At the time of approving the financial $tatement$, the trustees have a reasonable expeclatlon that the charity
has adequate Tesources to continue in operational existence for Ihe loreseeable future. Thus the trustees
continue to adopt the going concem basis of accounllng in preparing the financial statements.
1.3 Charltable funds
Unrestricted lunds are available for use at the discretion of the trustee5 in furtherance of their charitable
oblecllves.
Restricted lunds are subject lo specific conditions by donors or granlor5 as to how they may be used. The
Pufposes and uses of the restrlcted funds are set out In the notes lo the financi81 slalements.
1.4 Income
Income is recognised when Ihe charity is legally entitled toll after any perfomiance conditions have been met,
the amount6 can be measured rellably. and It is probable that Income wlll be recelved.
Cash donation$ are recognised on receipt. Other donations are recognlsed once the charity has been nolified
ol the donats'on, unless performance conditions require delerral of the amount. Income tax recoverable in
relats'on lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donalion.
Course fees are recognised in the academic period to which they relate.
Income from grants (including govemment grants) is recognised in the period in which the teaching is
performed. as the 5eryice is delivered, using the performance model as per FRS102. Grants are not
fecognised unlll there Is reasonable assurance that the charity will compty wllh the conditions attached to
them. Where the granl imposes perfomiance-related conditions, il is recognised only when those conditions
have been met. Where grants are received prior to satisfying the revenue recognition criteria, they are
recognised as a liability.
13-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting pollcles
(Continued
1.5 Expendlture
Liabilities are reeognised as expenditure as soon as there is a legal or constructive obligalion commilling the
charity to that expenditure, il 15 probable that a transfer of economic benefits wll be Tequired in settlement,
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis
and has been dassified under heaolings that aggregate all cost related to the category. IM)ere costs cannot be
directly attributed to Pa￿'CUlar headings they have been allocated to activities on a basis consistent with the
use of resources,
All expendtlufe is recognised inclusive of VAT.
Expenditure on charitable activities includes those costs incurred by the chanty in delivering its activities and
includes bolh direct and allocated support costs.
Governance costs includes those costs assoclated with meeting the slatulory requirements of Ihe charity.
1.6 Tanglble flxed as8et8
Tangible fixed assets are Initlally measured al cosl and subsequently measured at cost or Valuation, net of
deprec18tlon and any Impalrment losses.
Depreciation is recognised so as to vffite off the cosl or valuation of assets less their residual values over their
useful lives on the followng bases..
Leasehold lrnprovernenls
Plant and equipment
Fixtures and fittings
Motor vehicle5
Cabins
10% stralghl Ilne
15% straight line
15Vo straight line
25% reducing balance
5% straight line
The gain or loss arising on the disposal of an assel is determined as the difference behveen the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Flxéd 0g••t Investments
Fixed asset investments are measured at cost.
1.8 Impalm)ent ol fixed assets
At each reporting end date, the charity revlews the urrying amounts of its langible assets lo detennine
whether there is any indicats'on that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimaled in Order lo determine the extent ol the impaiment
loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposlts held at call with banks, other short-term liquid
nve81ments with original matunties of three monlhs or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in cu￿ent liabilities.
14-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Aceountlng pollcles
(Contlnued)
1.10 Flnanclal Instrum•nts
The charity has elected to appty the PTovisions of Section 11 'Basic Finanual Instruments, and Seclion 12
'Other Financial Instfumenls Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in Ihe charty'5 balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and Ilabilities are offset, wth the net amounts presenled In the financial statements, when
there is a legalty enforceable right to sel off the recognised amounts and there is an intention lo settle on a net
basis or to realise the assel and settle Ihe liability simultaneously.
8aslc financial assets
Basic financial assets. ¥¥hich indude deblors and cash and bank balances. are initially measured at
transaction price including tran$adion costs and are subsequently camed at amortised cost using the effective
Interest method unless the arrangement constitutes a financing transacts'on, where the Iransaclion is
measured at the present value of the future receipts discounted at a fflarkel rale of interest. Financial assets
classified as receivable ￿thIn one year are not amortised.
Basic financial liabilities
Basic financial liabilities. indudlng credltors and bank loans are inilialty recognised at Ifansaction prlce unless
the arrangement constitutes a financing Iransaclion, where the debt instrument is measured al the present
value ol the future payments discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amorti5ed.
Debl inslrumenls are subsequentty carried al amortised cost, uslng the efféctlve inleresl rate method.
Tradè creditors are obligalion8 to pay for good8 or services that have been 8cquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabllities if payment is due wilhin one
year or less. If not, they aTe presented as non-currenl liabililies. Trade creditors are recognised inilialty al
transaction price and subsequenlly measured at amortised cost using the effective interest method.
Derecognltlon of Ilnanclal Ilabllltles
Financial liabilities are deTecognised when the ch8nty's contractual obligations expire or are discharged or
cancelled.
1.11 Employee beneflts
Terminalion benefils are recognised immediately as an expense when the charity is dernonslrabty committed
to temiinate the employment of an employee or to provide temiination benefrts.
1.12 R•tlr•m•nt beneflt•
Payments to defined contribution retirement benefit sGhemes are charged as an expense as they fall due.
15-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Critical accounting eslimates and judgements
In the application of the charity's accounting policies. the Iruslees are required to make judgements, estimates
and assumptions about the carrying arnounl of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may drfer from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which Ihe eslirnale is revised where the revision affects only that
period, or in the penod of the revision and future periods where the revision affects both cuffent and futUTe
penods.
Depreciatlon
This Is an eslimale based on the useful economic life of flxed assets. Thls Is applied as desixlbed In the fixed
assets policy. The amounl of depreciatson for the reporting period is £17,01512023'. 18,602>
Bad debtor provl$lon
This18 an estimate on whal outstanding debtor8 at year end are unlikely to be received. This is calculated by
reviewing the age of deblors and the specific circumstances sum)unding the debtor. The amount provlded for
at year end is £012023.. £29,680)
Accrued exp•n•e•
These are expenses that relate lo the reportin9 perfod bul are recelved after the p8tiod ands. This is
calculaled by reviewing invoices received after the year end and using managements knowledge ol the costs
occurring in the year. The amount accnjed al year end is £36,093 (2023.. £51,341>
Income from donatlons and lega¢le8
Unrestrlcted Restrlcted
lunds
funds
2024
2024
Total Unr•strltled R•strfcted
funds
funds
2023
2023
Tolal
2024
2023
Donations and gifts
2.350
10.000
12,350
6,861
13,949
20,810
In¢om• from eharllabl• actlvltlos
Unrestvlcted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Charitable activities
Grants
Course fees
25,181
25.181
1,094,046
40,060
40.060
896,886
1,094.046
896,886
1,094,046
25,181
1.119.227
896.886
40.060
936,946
16-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Income from eharitable activlties
(Continued)
The grant received in both Ihe cUT￿nt and the comparative periods is from Response Organi5ation. All monies
relate to educational and training programmes. There are no unlulfilled conditions or olher contingencies
attachlng to these granls at the balance sheet dale. The charty has nat directly benefit from any other lorm$
ofgovemment assistance.
Incom• Irom Inv•stments
Unrestrlcled Unre$lrlcted
funds
funds
2024
2023
Interest receivable
42
209
Expenditure on charitable acllvltl•s
Re8tated
Total
2023
Total
2024
Dlrect costs
Staff costs
Depreciation and impaimient
Programme expenses
Sludenl travel
Sile maintenance
846.291
17.015
63,610
18,942
10,945
22,975
32,982
17,395
661.885
18,062
57,343
1,499
8,345
20,091
34,057
10,571
Rent and rates
Staff training and other expense$
1,030.155
811,853
Shar• of Support and govemanc• costs (see not• 71
Support
57.899
84.693
1,088,054
896,546
Anatysis by fund
Unreslrlcted funds
Restrided funds
1,054,733
33.321
852,551
43,995
1,088.054
896.546
17-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Expendlture on charltable acllvltl•¥
(Conilnued)
The charitable activities has been restated from the prior year for this note. The prior year accounts note didnl
agree to the slatemenl of financial activities. The amount of non-staff costs has changed from £220,379 to
£234,571. The costs have been split differently to the prior year lo better reflecl the nature of the charities
acts'vilies. In addition £718 composed of loss on disposals has been split out into the Other Expenses note.
The net Impact on the SOFA is £Nil.
Support costs allocated to actlvltles
2024
2023
Professional fees
Admin costs
Sundry costs
Provision movements
29,580
33,899
2,828
{8,408)
14,099
36.995
3,751
29.848
57.899
84.693
Analysed between:
Total
57,899
84,693
N•t mov•m•nt In fund•
2024
2023
The net movernent in funds is stated after chargingl(crediting)'.
Fees payable for the audlt of the charty's financlal statements
Depreclation of owned tangible fixed assets
Loss on disposal of tangible fixed as5els
9,7SO
17.U15
18.062
718
Trustee•
None ol the Injslees (or any persons connected wilh them) received any remuneration or benefits from the
charity during the year except for as disclosed in the related paty transactions note.
No trustees were reimbursed for expenses during the year. {2023.' None>
10 Employ•••
The average monthty number of employees during the year was..
2024
Number
2023
Number
Staff on dlrect charitable work
Administrative staff
28
23
Totsl
31
26
18-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
10 Employ••s
{Contlnued)
Employment costs
2024
2023
Wages and salaries
Social security cost$
Other pension costs
779,005
55,352
11,934
605.312
45.605
10.968
846,291
681.885
Redundancy and lermlnation payments totalling £4,379 were made in the reporting period.
Ex-gratia payments totalling £9.552 were rnade In the reporting period.
The number of employees whose annual ￿muneration w8$ More than £80,000
is as follows..
2024
Number
2023
Numb•r
Remuneratlon of key management personnel
The remuneration of key management pefsonnel, Includlng employer Nl and
penslon costs, was £131,163 {2023.' £123,381)
11 Other •xpendlture
Unrestrlcted Unrestricted
funds
lunds
2024
2023
Net loss on dlsposal of tangible fixed assets
718
12 Taxatlon
The charity Is exempt from taxation on its aclivrties because all its income Is applied for charltable purposes.
19-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
13 T•nqlbkn Ilx•d ••••ts
Lo•••hold ￿nd•1
Impro¥*rnont• ￿nI1￿cli￿n
Pl•Trt•nd
•qulprr*M
Alotoi
¥•hl¢l••
C4bln•
Total
Co•t
Al I S•pi•mb•r 2023
Addllions
0,017
81.542
6,795
7,289
28,865
600
87,858
211,571
15.162
5,183
Al 31 Augus12024
6.017
5.183
8.337
9.873
29.665
87,858
226.733
D•pr•¢l•tlon •nd Imp•lfm•nt
Al 1 September 2023
O•pf•¢knlbn ¢h•rgad h lh• y••r
50,320
9,234
1.878
1,451
21.773
1,973
21.174
3.755
85.633
17.015
At 31 Augyll 2024
1.2B9
59,554
3.130
23.748
24.920
112.846
C•rrylng amount
At 31 Augu¥l 2024
4,728
5,183
28,763
6,$43
8.919
62.929
114.08$
Al 31 Augu812023
5,330
31,222
5,610
7,092
e8,664
115,938
-20-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
14 Flxed asset Inve$tment•
Other
Investments
Cost or valuation
At I September 2023 & 31 August 2024
Carying amount
Al 31 August 2024
Al 31 August 2023
2024
2023
Other inveslments comprise:
Note8
Investments in subsidiaries
23
15 Deblors
2024
2023
Amounts lilllng due wlthln ono year:
Trade debtors
Amounts owed by fellow group undertakings
Other debtors
Prepayrnenls and accrued income
135.597
1.983
6,491
32,334
72,103
1,983
331
29.452
176,405
103,869
16 CredStor4: amounts falllng due wlthln on• year
2024
2023
Other taxation and social security
Trade creditors
Other ¢￿ditorS
Accnjals and deferred income
16,498
4.750
21,508
51,340
19.562
3,271
4.165
63.707
94,096
90,705
17 Retlrement benefit schemes
2024
2023
Defined contrlbullon schemes
Charge to profrt or Ioss ID respect of defined conlribution schemes
11,934
10,968
21

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
17 Retirement benefit schemes
Icontihued
The charity operates a defined contribution pension scheme for all qualifying employees. The as5els of the
scheme are held separatety from those of the chanty in an Independently administered fund.
18 Rèstricted fund8
The restricted funds of the charity comprise the unexpended balances of donalions and grants held on trust
sublecl lo specific condilions by donors as to how they may be used.
Incomlng
resources
Resource$
expended
Transfers At 31 August
2024
September
2023
CAMHS
Hartey Davidson
Mlnlbus
Garden project
81ake Morgan
Dyslexic
Other
Gym equipment
Other Te5tricted fixed assets
13,614
25,181
10,000
{20.429)
(10,000)
(18,366)
1,991
754
1,000
2,729
215
7,268
(1.991)
1754)
11,000)
{891
(2,640>
1215}
11,4071
1396)
5.861
2.244
2,640
27,571
35,181
(33,321)
(21,326)
8,105
Prevlou• y••r:
At1
September
2022
Incomlng
resources
R••ource8
expènded
Transfern At 31 August
2023
CAMHS
Harley Davidson
Minibus
Garden project
81ake Morgan
Oyslexic
Other
Gym Equipment
5.391
40,061
10,000
(31,8381
(10,000)
13,614
1,991
754
1,000
1,991
754
1,000
2.729
215
7,268
2,729
1,219
215
8,206
11,219)
(938)
17,557
54,009
(43,995)
27,571
CAMHS - This was funding received to pay for the wages of an employee and a550ciated costs.
Harley Davidson -Thls was funding for workshop expenses.
Minibus -This was funding to pay for maintenance and fuel costs of a minibus.
22-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
18 Restrlcted funds
(Conllnued)
Garden project- This was lunding to build a garden plot
B18ke Morgan - This was fvnding for the provision of education to children In the parlsh of Holy Trlnty church,
Headinglon auary
Dyslexic Teathing Supplies
Dyslexia.
This was funding given for the teaching supplies to support children with
other- Thls was Tundlng given by small donors for individual projects ihal have been completed
Gym Equiprnenl - This was gym equipment donated lo the charity. The expenditure 8550cialed 15 the
deprecation.
Other reslri¢led fixed assets This is other restricted fixed assets that have been purchased using restricted
fixed asset funds. The expenditure associated is the tjepreciation.
19 Unrestrlet•d fund4
The unrestricled funds ol the Gharity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designaled funds which have been set aslde out of unrestricted lunds by the truslees for specific purposes.
At1
S•ptember
2023
Incomlng
rn8ources
Rejources
expènded
Transfers At 31 August
2024
General funds
166,116
1,096,438
(1,054,733)
21,326
229,147
Provlous y••r:
Al1
September
2022
Incomlng Resource•
resources
expended
Tran•fer• At 31 August
2023
General funds
115,429
903,956
(853,289)
166.116
20 Analys4s of net agsets between funds
Unrestrlcted
funds
2024
Restrl¢ted
funds
2024
Total
2024
At 31 August 2024:
Tangible assels
Investments
Current asselsl(liabilllies)
105,980
8,105
114.085
123.166
123,166
229,147
8,105
237,252
-23-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
20 Analysis of net assets between funds
(Continued)
Unrestrlcted
funds
2023
Restricted
nds
2023
Total
2023
Al 31 August 2023:
Tangible assets
Investments
Current a55etsl(liabililiesl
108.670
7,268
115,938
57.445
20,303
77,748
186,116
27,571
193,687
21 Operallng lease commltments
Lessee
At Ihe reporting end dale the charity had oulstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows:
2024
2023
thin one year
18,342
22 Related party transaction$
Durlng the year Peter Wlks, who 15 the father of a Trustee, was employed by the charlty. He was pald al
market rate ol remuneration for his role.
Durlng ihe year Matthew Haudecoeur-wlks, vtho is the brolher of a Trustee, was employed by ihe tharity. He
was paid al a market rate of remuneralion for his role.
Ouring the year Kleran Da5s, who is the son ol a Key Management Personnel IKMP), was employed by the
charity- He was paid al a market rale of remuneration for his role.
During the year Nathan Price, who is the son of a KMP, was employed by the charity. He was paid at a marf(et
rale of remuneration for his role.
During the year Leah Dass, who is the daughter of a KMP, was employed by the tharity. She was paid al a
markel rate of remuneration for her role.
During the year Ajay Dass, who is the husband of a KMP, was employed by the charity. He was pald at
market rate ol remuneration for his role.
-24-

OXFORDSHIRE MOTOR PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 Subsidlarfes
These financial statements are separate charity financial statements for Oxlordshire Motor Project as at 31
August 2024.
Details of the chanty's subsidiaries at 31 August 2024 are as follows..
Name of und•rtaklng
Regl$t•red
office
Nature of buslne8S
Class ol
% Held
shares held Direct Indirect
Traxse Limiled
Red Bam Farm. Oomiant
Woodstock
Road.
Wolvercole,
Oxford. OX2 8JR
100.00
24 Cash labsorbed byvgenerated from operallong
2024
2023
Surplus for the year
43,565
60,701
AdJu•tm•nt• for:
Investment income recognised in stslement ol financial activities
{Gain)Aoss on disposal of tangible fixed assets
Depreciation and impaiTmenl of lan9ible fixed a5sels
142)
(209)
718
18.062
17,015
Mov•ment• In worklng c•pltal:
(Increase) in debtors
Increasel(decrease) in creditors
<72.5361
3,391
(54,0181
110,7561
Cash (absorbed byygenerated from operation•
(8,607)
14,498
25 Analysls ol changes In net fund8
The charlty had no materlal debt during the year.
25-