Believing in Uses young people ANNUAL REPORT
CHARITY TRUST NO. 1086608
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Dawood, young person Fe Meg wae eS 25 ee ee
WWW.OXYGEN-ONLINE.ORG
Governance and Table of Contents
Governance
Oxygen's vision was conceived by young people from Kingston Churches with the aim of reaching out to other young people in the community who are marginalised or disadvantaged. Their aim was to help young people who needed support and in doing so, demonstrate their faith, provide opportunities for them to explore their potential and discover their core values and beliefs.
These young people helped to establish this,The Oxygen Charitable Trust (1086608) which was set up on 1st May 2001. In 2016 the Trustees of the Oxygen Trust established Oxygen as a Charitable Incorporated Organisation (1165522), which is bound by its own constitution document and has its own bank account, insurance and policies.
All the activity and operations of Oxygen sit under the governance of the C.I.O. with the Trust continuing to provide funds to support Oxygen's work. The following reports are a brief summary of the work undertaken using the funds of the Oxygen Trust. To view the full report on the work which is funded by the Oxygen trust please visit the Oxygen CIO (no. 1165522) submission on the charity commission website.
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| about the charity 4-12 |
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| Approved accounts 13 |
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Oxygen Trust Annual report 2022-23
welcome from the chair of trustees
Richard Caldwell
Oxygen has had another meaningful and busy year. It continues to be called upon to support vulnerable young people navigating difficult home and life situations. The aftermath of pandemic lockdowns continues to bring new challenges. The Oxygen team has taken many referrals from other service providers and continues to make one-to-one and group contacts with numerous young people, providing support, encouragement, mentoring and a non-threatening ear to listen.
The work of drawing alongside young people can be emotionally taxing, so Oxygen has tried to foster a supportive team environment and reinvigorate prayer support.
Introduction from our Chief Executive
John Trend
Who inspires you? What makes you tick? Where do you see yourself in the future? What beliefs and assumptions are influencing your decisions? What gives you strenght?
For over 36 years, I have been working with marginalised, disadvantaged and vulnerable young people asking them these questions. To see their potential and have the task of help them discover it for themselves is inspiring and a huge privilege.
Many of the staff and volunteers of Oxygen have battled and overcome adversity and are realising the unique ability they have to impact young people’s lives.
I feel immensely humbled to be leading Oxygen, working with such a great team to try and find what makes a young person tick, unlock their gifts and give them hope for the future.
3
oxygen shop
117 High st. New Malden
background
Set up in April 2018, The Oxygen shop has become an innovative, dynamic, and powerful project. The shop has developed beyond just providing a source of sustainable income. It is now a vital tool for engaging and supporting young people and a vehicle for them to contribute to the community through social action.
this year
The shop continues to thrive in not only raising valuable funds to support the vital Oxygen youth projects but as an incredible tool for engaging and developing young people and adults where they can gain valuable life skills, work as part of a team, build communication, employability skills and contribute to helping build a better community.
The youth board have also contributed to the development of the shop, decorating the back room and exploring options to generate income. One of their ideas was to launched Oxygen Enterprise: a programme designed to identify young people’s talents and help them develop business ideas utilising the opportunities provide by the shop.
“The past year has seen the shop as being a popular choice of places for Duke of Edinburgh Award applicants, demonstrating that young people see it as a worthwhile, valid option for completing their volunteering. The shop has continued to support the ethos and vision of the charity itself, with the focus being on the value of young people and supporting them but also helping them develop skills and move towards what they want to achieve.” James Kuhrt
9
Oxygen Trust Annual report 2022-23
Above: Christmas cards designed by Farrah, printed and sold in the shop as part of the Oxygen Enterprise Programme.
"The result of the shop being involved in my life is to make me socially interact with the community, which I have not been able to do before - without the shop I would find it difficult to manage cash and handle finances. Oxygen as a charity organisation has undertaken many projects including the biggest fundraising project, which was the shop room transformations which has brought many customer attention towards us.” Young person
Young volunteers 326 Adult volunteers* 131 Targeted youth 24 D of E (new signups) 74 Anchi Bags
*Since opening
It has been an absolute privilege to see young people's communication skills, confidence and self esteem grow while they work with us and each other.
The shop this year has continued to be an opportunity for people of all ages to get involved. The shop provides a wonderful sense of community and a valued safe place for people to come and help out. We have such a rich variety of people supporting us by regularly donating, being regular customers or by regularly volunteering with us each week. We have some wonderful people involved and are very thankful for everyone's support.
I'd like to take this opportunity to say a huge thank you to all those who have faithfully volunteered for Oxygen and those who continue to give their time on a regular basis to support us! We couldn't have done all this without you!
We have so much more that we'd like to do but to put these ideas into practice we need the continued support of the community. We want to expand opportunities for regular creative workshops, more furniture restoration, upcycling and repurposing of donated stock. We have so many ideas! Watch this space!
We are so very proud of the safe space the shop has become for our regular, loyal volunteers of all ages! The shop is so much more than we could've imagined or hoped for.
Lisa Trend
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Street Pastors
Kingston
background
Oxygen oversees the work of Kingston Street Pastors with Charlie Bamford managing the project, supported by Brenda with operational management delegated to a volunteer board called the SPITT Team.
this year
It has been a really important year for the development of Kingston Street Pastors. In September 2022 we began operating Kingston Safe Zone. A major intervention funded by the Home Office through Kingston Council’s Safer Streets programme.
The Safe Zone is a place of safety on the streets of Kingston for anyone feeling vulnerable or at risk with a particular focus on preventing and responding to violence against women and girls in our night time economy. Operated by our Street Pastors teams outside Kingston Station, the Safe Zone has been a visible and important intervention in Kingston and a key way that we have adapted to our changing night time economy.
Charlie Bamford, Co-ordinator with Tracey O’Shea and Rev. Carole Bourne
| stats 2022/23 (previous year)* | stats 2022/23 (previous year)* | stats 2022/23 (previous year)* |
|---|---|---|
| 293 | Vulnerable people supported (240) | |
| 1189 | bottles / glass collected (1843) | |
| 55 | Teams deployed (51) | |
| 1708 | Total contacts (1552) | |
| 2358 | Volunteer hours (2142) | |
| e | Sept. '21 to August '22 | Sept. '21 to August '22 |
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Oxygen Trust Annual report 2022-23
Partnerships
Throughout the year we have continued to maintain and build good relationships with key local partners such as Kingston Council, Kingston Police and Kingston First. We are grateful for the support of Kavitha Ramakrishnan and Steff Royston-Mitchell from Kingston’s Community Safety Team, Paul James and Trudy Hutchinson from the Met Police and Stephan Currie from Pryzm Kingston. We want to acknowledge grant funding from RBK, The Home Office, MOPAC and Echo Trust.
Sue Shaw
Management & Development
The year also saw changes to the SPITT Management Team with Mike Parker and Tracey O’Shea stepping down after many years of service and Karl Rutlidge and Alison Holt joining the committee alongside Rev. Lesley Charlton, John Trend and Terresa James.
Our key priority for the future continues to be the sustained recruitment of new Street Pastor and Prayer Pastor volunteers to ensure that we can continue to regularly patrol and serve the community by caring, listening and helping.
Brenda & Heather
Sadly in August 2023 we said farewell to Brenda Robertson as Deputy Coordinator after 6 years of invaluable service to Kingston Street Pastors. Brenda made a huge contribution to the running and development of Street Pastors and her warmth and professionalism will be missed in our staff team. We are pleased to say that she intends to continue as a Street Pastor volunteer.
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Oxygen Trust Annual report 2022 - 23
oxygen Board
Trustees, C.E.O. and advisors
Trustees
Mr Richard Caldwell (Chair of trustees) Mr. Peter Wilkins (Treasurer) Brian Austin Liz Wynyard (resigned 11.09.23) Tracey O’Shea (11.09.23) Rita Keeya (02.05.24)
Vice President: Mr Steve Barnes
Chief Executive Officer John Trend, M.A. Dip. Theo., Dip. H.E.
Independent Examiner: Nicola Lewis – EasyBooks (Wales) Ltd Second examiner: Carwyn Morgan, Ashmole & Co. Carmarthen
Bankers: Co-operative Bank + Lloyds TSB
"Oxygen is like a family. They are there when you need them! The shop gives me somewhere to go where I can contribute to the work they do with other young people. It gives me purpose in life"
"The Headstart programme delivered by Oxygen has had a real effect on the lads at Coombe Boys School. It has given them a real opportunity to think about their futures, prepare for the choices they need to make as well as increasing their confidence and self belief.” Head of Year 10
"We love volunteering in the shop as it gives us a chance to help others, develops our social skills and job experience and its fun.”
As is no surprise, Oxygen and Street Pastors require substantial financial resources to continue their many and varied activities. We give thanks for the continued support of local churches, businesses and funders, which enables our organization to connect and impact the lives of numerous young people. We pray for continued success in fundraising activities this coming year. Richard Caldwell, Chair of Trustees
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OXYGEN Team
Volunteers : Thank you!
I have been volunteering for 3 years now and have attended 2 AGM's where I received an award, and spoke about how Oxygen has helped me overcome my fear of public speaking! It has enabled me to encourage young people at the charity shop and take on some sessional work. Lucy Savage
Ride London
Thanks to Peter Sallabank, Dan Trend and Simon Trend who helped John complete the arduous 100 mile route through beautiful Essex countryside raising over £3500 for Oxygen
Rev. Peter Holmes Award
Rev. Peter Holmes was a Trustee of Oxygen and had a huge impact upon the local community. We created an award in his honour to give to young people working to benefit others in their community. The first recipients of the award.
This space is left blank as the Awards will be announced at our Prize giving in June 2024
Champions
Oxygen is delighted to have a strong network of people in churches, local businesses, and organisations who champion our work and ensure we continue to have the resources we need to improve young peoples lives and make the world a better place.
Many thanks to Gill and Morgan Knowles who walked 10 miles to raise money for Oxygen and for championing our work far and wide!
We are also pleased to see Tracey discover a calling for helping those affected by domestic abuse and violence and take up a role with the Domestic Violence hub in Kingston
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Oxygen Trust Annual report 2022-23
Finance
Breakdown of income
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Gift Aid
5.2%
Churches
40.8%
Individuals
53.9%
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Faith based giving accounts for at least 40 % of Oxygen's income, although this is actually much higher given that a sizeable proportion of individual donors who are also faith motivated.
Oxygen has managed to develop a range of varied funding streams including The Greater London Authority, The Royal Borough of Kingston Upon Thames, Achieving For Children, London Youth, Trusts and Foundations as well as strong support from several local churches, businesses and individual donors, many of whom are faith motivated. Of course we also have our charity shop in New Malden High Street which provides a vehicle for supporters to give by donating goods as well as financial gifts and sponsorship of fundraising events.
Income / Expenditure 22/23
| 700 Income / Expenditure 22/23 |
700 Income / Expenditure 22/23 |
700 Income / Expenditure 22/23 |
700 Income / Expenditure 22/23 |
|---|---|---|---|
| hours of 53 |
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activity |
YP/ Oxygen |
PA Street Pastors |
Total |
| Income | 49,157 | 37,492 | 86,493 |
| Expenditure | 47,081 | 37,492 | 84,573 |
| Balance | 2,076 | 0 | 2,076 |
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Oxygen Trust Annual report 2022-23
risk assesment
Oxygen's Trustee Board and staff team assess the risks and threats encountered in delivering our work and take steps to minimise and manage risk, to ensure that beneficiaries, staff, volunteers and the general public are protected from avoidable harm. This includes putting in place controls over finances, the delivery of our services to young people, the management of the shop as well as theoretical risk where that can be foreseen.
Statement of bennefit to the community
"I have known Oxygen and its exceptional work for many years, in my role as CEO of another local voluntary sector organisation, and in this past year as Mayor.
I have seen first-hand the life changing difference they make to a young person, building confidence and self belief, often being the first time someone has listened and believed in them.
Oxygen changes culture, changes the future and changes our community for the better.”
Cllr Diane White, Mayor of Kingston upon Thames
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Oxygen Trust Annual report 2022-23
Thank you
“For the 2.5 years I have been with you I cannot thank you all enough for the support you have given me especially from educational settings where things haven't worked out as expected. Even though my life has not been according to what I have planned you have tried your absolute hardest to give me a bright future. I praise you for this.”
If you would like to play your part in helping vulnerable young people then please do get in touch.
Contact us.
St. Peter's Hall, London Road,
Kingston upon Thames, Surrey, KT2 6QL
www.oxygen-online.org
MENTOR
DONATE
Phone: 0208 547 0566 info@oxygen-online.org
Approved Accounts
Oxygen Trust
Charity Number – 1086608
Financial Statements - Appendix to the Trustees’ Report for the year ended 31st August 2023
Oxygen Trust (Kingston Borough Youth for Christ) 1086608
Contents
Page
Legal and administrative information 2 3 4 5 Independent Examination report 6 – 10 Statement of financial activities Balance sheet Notes to the financial statements Trustees Report (see separate report)
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
Legal and administrative information
Charity Name: Oxygen Trust
Charity Registration Number: 1086608
Address: St Peters Church London Road Kingston Upon Thames Surrey KT2 6QL Trustees & Directors: Mr Richard Caldwell (Chair) Mrs Liz Wynyard (resigned 11.09.2023) Mr Peter Wilkins Dr Brian Austen Tracey O’Shea (appointed 11.09.2023) Rita Keeya (appointed 02.05.2024)
Independent Examiner: EasyBooks (Wales) Ltd Unit 4, Dragon 24 North Dock Llanelli SA15 2LF Bankers Co-operative Bank Lloyds TSB
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
Independent Examiner's Report
To the trustees of: OXYGEN (Kingston Borough Youth for Christ) 1086608
I report on the accounts of the Trust for the year ended 31st August 2023, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the Charities Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act);
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- (1) Which gives me reasonable cause to believe that in any material respect the requirements a. to keep accounting records in accordance with section 130 of the Charities Act; and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed……………………………………………………… Nicola Jayne Lewis Date…………7th May 2024………
3
Oxygen Trust (Kingston Borough Youth for Christ) 1086608
| STATEMENT OF FINANCIAL ACTIVITIES for the year ending 31st August 2023 Resources Used Total Net movement in funds Resources Expended Cost of Generating Funds Charitable Activities Operational Costs Governance Incoming Resources Total Net incoming/ (outgoing) resources Transfers and reclassifications Loss on disposal of fixed assets Incoming Resources Voluntary Income Trading Income Incoming Resources from generated funds Fund balances Brought Forward Operational Balances already Transferred to Oxygen CIO Adjusted Opening Funds Brought Forward Fund Balances Carried Forward at 31st August 2023 10 13 9 9 9 9 Notes |
Unrestricted and Designated Restricted Oxygen |
Restricted Street Pastors 37,492 0 0 CY Total 86,473 176 0 PY Total 104,442 0 0 |
Restricted Street Pastors 37,492 0 0 CY Total 86,473 176 0 PY Total 104,442 0 0 |
Restricted Street Pastors 37,492 0 0 CY Total 86,473 176 0 PY Total 104,442 0 0 |
|---|---|---|---|---|
38,681 176 0 10,300 0 0 |
37,492 0 0 86,473 176 0 |
|||
| 38,857 10,300 |
37,492 |
86,649 |
104,442 |
|
| 0 36,781 0 0 0 10,300 0 0 0 37,492 0 0 |
0 84,573 0 0 |
0 113,440 0 0 |
||
| 36,781 10,300 |
37,492 |
84,573 |
113,440 |
|
| 2,076 0 0 0 0 0 |
0 0 0 |
2,076 0 0 |
(8,998) 13,096 0 |
|
| 2,076 0 |
0 |
2,076 | 4,098 |
|
| 136,474 (136,820) 6,616 (6,617) |
8,083 (7,753) |
151,174 (151,190) |
147,077 |
|
| (346) (1) |
330 |
(17) | 147,077 |
|
| 1,730 (1) |
330 |
2,059 |
151,174 |
|
4
Oxygen Trust (Kingston Borough Youth for Christ) 1086608
BALANCE SHEET as at 31st AUGUST 2023
| Note s | 2022/ 2023 | 2021/ 2022 | 2021/ 2022 | ||
|---|---|---|---|---|---|
| All Amounts GBP | |||||
| Tangible assets | 2 | 0 | 759 | ||
| 0 | 759 | ||||
| Debtors and accrued income | 3 | 0 | 35, | ||
| 0 | 631 | ||||
| Inter company loans whilst transitioning to CIO | 99, | ||||
| Cash at bank and in hand | 2, 660 | 180 21, 305 |
|||
| 2,660 | 156,116 | 116 | |||
| 4 | |||||
| Creditors: Amounts falling due in one year | (600) | (5, 701) | |||
| Net Current Assets | 2,060 | 150,415 | 415 | ||
| Total Assets less current liabilities | 2,060 | 151,174 | 174 | ||
| FundsRes t ri c | |||||
| t ed-S P | 5 | 330 | 8, 084 | 8, 084 | |
| Res t ric t ed-OX | 6 | 0 | 6, 616 | 6, 616 | |
| Unres t ri c t ed- | 7 | 1, 730 | 136, 474 | 136, 474 | |
| OX | 8 | 2,060 | 151,174 | 174 |
Approved by the Trustees ………..………………………………….Date 17th June 2024
Richard Caldwell (Chair of Trustees)
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
1. ACCOUNTING POLICIES
a) Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011.
b) Depreciation
Depreciation is provided on tangible assets over estimated useful lives at a rate of 25% on the reducing balance method.
c) Stock
Stock is included at the lower of cost or net realisable value.
d) Fund Accounting
Funds held by the charity are either:
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Unrestricted General Funds – These are funds which can be used in accordance with the charitable objects at the discretion of the trustees
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Designated Funds – These are funds set aside by the Trustees out of unrestricted funds for the specific purposes or projects
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Restricted Funds – These are funds that can only be used for particular restricted purposes or projects. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
e) Pension Costs
Oxygen has met its obligations under the government’s Auto Enrolment Scheme which came into effect on 16th June 2016.
- f) Incoming resources
Receipts are accounted for on an accruals basis.
- g) Cost of activities in furtherance of the charity’s activities
This comprises all expenditure directly related to the objects of the charity.
- h) Fundraising and publicity expenditure
This comprises all expenditure relating to raising funds for the charity.
- i) Management of the charity
This comprises expenditure relating to compliance with constitutional and statutory requirements and other costs, which cannot be treated as costs of activities in furtherance of the charity’s objects.
j) Taxation
The company is a registered charity under the Charities Act 2011 and therefore no liability to taxation arises.
- k) Grants payable in furtherance of the charity’s objects
Grants payable are charged in the year when the grant is paid.
- l) Reserves Policy
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
The trustees consider that the charity needs to retain sufficient unrestricted reserves at all times in order to maintain its work. It is therefore the aim of the trustees to retain between 1 and 3 months operating costs as free reserves that are not invested in tangible fixed assets.
The reserves are regularly monitored by the trustees.
2. TANGIBLE ASSETS
| TANGIBLE ASSETS | |||
|---|---|---|---|
| Office Equipment |
Total | ||
| Cost | |||
| 01-Sep-22 | 5,764 | 5,764 | |
| Additions | 0 | 0 | |
| Disposals/Write Offs & Transfers | 5,764 | 5,764 | |
| 31-Aug-23 | 0 | 0 | |
| Depreciation | |||
| 01-Sep-22 | 5,005 | 5,005 | |
| Charged in Year | |||
| Disposals/Write Offs & Transfers | 5,005 | 5,005 | |
| 31-Aug-23 | 0 | 0 | |
| Net Book Value | |||
| 01-Sep-22 | 759 | 759 | |
| 31-Aug-23 | 0 | 0 |
All Fixed assets have been transferred to Oxygen CIO during this year at Net Book Value.
3. DEBTORS AND PREPAYMENTS
| 0 0 0 26,631 9,000 35,631 2022/23 2021/22 |
0 0 0 26,631 9,000 35,631 2022/23 2021/22 |
||
|---|---|---|---|
| 2022/23 | 2021/22 | ||
| Debtors | 0 | 26,631 | |
| Prepayments | 0 | 9,000 | |
| 0 | 35,631 | ||
- CREDITORS: Amounts falling due within one year
| CREDITORS: Amounts falling due within one year | ||
|---|---|---|
| 2022/23 | 2021/22 | |
| Accruals & Deferred Income | 600 | 5,701 |
| 600 | 5,701 |
5. RESTRICTED FUNDS – Street Pastors
Comprises the unexpended balances of donations to be applied for the work of Street Pastors:
01-Sep-22 Incoming Outgoing Transfers 31-Aug-23
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
| Brought Forward Movement In Year Total 8,084 8,084 (7,753) (7,753) 330 |
|
|---|---|
Fund Balance transferred to CIO and operations continued from there.
6. RESTRICTED FUNDS – Oxygen
Restricted funds comprise the unexpended balances of donations to be applied for specific purposes:
| Jack Petchey Achievement Award Mentoring Developing Leaders Knife Crime Project NMBC Totals 01-Sep-22 1,383 104 269 3,208 1,655 6,616 Incoming 0 Outgoing 0 Transfers to other funds for shared costs (1,383) (104) (269) (3,208) (1,655) (6,617) 31-Aug-23 0 0 0 0 0 0 |
|
|---|---|
Restricted Fund descriptions
Jack Petchey Achievement Award is a donation from the Jack Petchey Foundation specifically to reward youth members who have been voted by their peers as having had a positive influence within the community.
Mentoring provides a one to one relationship between a trained adult and a young person, identified by school or youth services as needing additional support.
Developing Leaders is an opportunity for young people to develop their capability in leading small groups of their peers.
Knife Crime project (What’s the point?) is a peer led project designed to raise awareness about the issues, consequences and perspectives on knife crime, delivered to local secondary schools. Funders include MOPAC, Kingston Borough Council and the Home Office.
NMBC - fund for youth work partnership role with New Malden Baptist Church.
7. UNRESTRICTED FUNDS OXYGEN
| Balance b/forward Movement In Year Total General Fund 01-Sep-22 136,475 136,475 Incoming 2,782 2,782 Outgoing (706) (706) Transfers (136,820) (136,820) 31-Aug-23 1,730 |
|
|---|---|
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
8. ASSETS
| ASSETS | ||||
|---|---|---|---|---|
| Fixed Assets | Net Current Assets | 2023 Total | 2022 Total | |
| Unrestricted | 0 | 1,730 | 1,730 | 136,474 |
| Restricted OX | 0 | 0 | 0 | 6,616 |
| Restricted SP | 0 | 330 | 330 | 8,084 |
| 0 | 2,060 | 2,060 | 151,174 |
9. RELATED PARTY TRANSACTIONS
Transfer of Operations to the CIO.
Up to the end of the previous financial year 31st August 2022, the Oxygen Trust (Reg: 1086608) and the Oxygen CIO (Reg: 1165522) had been operating under a Joint Venture basis, co-funding various elements of work. During that time, payments out of the trust to the CIO were shown as transfers and reclassifications.
The Table below shows how much was held in the Trust and what restricted funds were included in the Accruals total of £151,191. The table identifies the cash held by the Trust which was paid to the CIO prior to the end of August 2022. The total amount moved from the Trust accounts to the CIO accounts was £128035 leaving a remaining cash balance in the bank accounts for the Trust of £21,304.52 at 31st August 2022. With the accruals added, the total balance remaining in the Trust at 1st September 2022 is £23,157. All restricted funds held in the Trust have been moved to the CIO.
Completion of transfer to CIO transition: As stated in the previous year’s accounts, the transfer of operations to the Oxygen C.I.O. was completed, ending the Joint Venture arrangement. Cash movements from the Trust to the CIO will now be shown as Expenditure out of the Trust and Income into the CIO.
Separate accounts have been prepared and filed by the Trust and CIO showing the transfers of funds.
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FUND £ Transferred
General funds £ 136,820
Restricted - Knife Crime £ 3,208
Restricted - NMBC £ 1,655
Restricted - Mentoring £ 104
Restricted - Developing Leaders £ 268
Restricted - Jack Petchey £ 1,383
Restricted - Street Pastors £ 7,753
TOTAL £ 151,191
Cash already Transferred 2020-2022 £ 128,035
Remaining cash balance in Trust 01.09.22 £ 21,304
Remaining balance (Accruals) to be paid as grants to CIO in 2022-23 £ 1,852
Balance (including accruals) carried forward in Oxygen Trust 01.09.22 £ 23,156
Includes all restricted funds
General Funds
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10. DONATIONS Received
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Oxygen Trust (Kingston Borough Youth for Christ) 1086608
The Trust continues to receive income due to legacy payments into it from Standing Orders, although all operations have been transferred to the CIO
During the year, the Trust paid its income out to the CIO. This is shown by the expenditure of £84,573 in the Trust and a corresponding income to the CIO. All donations have been allocated to restricted or designated funds as instructed by the Donors. All future surplus donations to the trust will be transferred to the CIO .
11. INDEPENDENT EXAMINATION FEE
The net movement of unrestricted funds is stated after charging the independent examination fee of £600.
12. STAFF COSTS
There are no employees in the trust. All trust employees were transferred to the CIO in 21-22 No remuneration was paid to Trustees.
13. TOTAL UNRESTRICTED AND DESIGNATED RESOURCES EXPENDED
Operations all transferred to CIO so expenditure made from there
| Salaries Training General office Event Expenses Accounting Fee Sundries Depreciation Total 2022/23 0 0 0 0 600 107 0 707 2021/22 37,986 818 6,492 8,723 5,608 186 253 60,066 |
|
|---|---|
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