Registered Charity number 1131659
Oxygen House Foundation
Report of the Trustees and Financial Statements for the Year Ended
30 June 2025
Oxygen House Foundation Contents of the Financial Statements for the year ended 30 June 2025
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Page
Report of the Trustees 1 to3
Report ofthe Independent Examiner 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
Detailed Statement of Financial Activities il
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Oxygen House Foundation Report of the Trustees
The trustecs present their report with the financial statements for the year ended 30 June 2025.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in March 2005.
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Registered Charity Number
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1131659
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Operational Address
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Oxygen House
Grenadier Road Exeter EX1 3LH
Executive Trustees for Oxygen House Foundation are:
Dr DJ Irons (Chair)
Ms D Stead (Treasurer) Mr S Moherty (Secretary) Mr M Gingell
Trustees
Mr A Altnan Mr M Manton Mrs A Clark MrM West Mrs A Fowler Mr P Jones Ms C Pym Mr R Dutton Mr C Williamson MrR Howard Mr D Bromley Mr R Olsson Mr D Smith MrS§ Buckley Mr D Williamson MrS Esgate Dr E Dixon Mr§ Evans Mr E Kirby Mr SS Lees Mrs G Anderson Mr§ Salter Mr G Pawley Mr§ Thorner MrI Sutton Mr Ss Witts Mt J Burgess MrT Bloom MrJ Roberton Mr T Deanworth Mr K Smith Dr T Paulden Mrs K Williamson Mr TJ Landy Mr M Haynes Ms V Cobb
Resignations
Mra G Anderson (ftom position of Treasurer 29/04/2025)
Mr § Lees (from position of Chair 12/11/2024)
Mrs E Adams (01/03/2025)
Mr T Houlden (19/10/2024) Mr M Symons (20/12/2024)
Bankers Accountants Lloyds Bank Oakleys 234 High Street Pitt Farm Exeter Cullompton Devon Devon EX4 3NL EXi5 3BY
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Oxygen House Foundation
Report of the Trustees
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Structure, Governance and Management
Governing Document
Oxygen House Foundation (formerly ATASS Foundation) is a registered charity, number 1131659 and is constituted under a Trust Deed dated 6th August 2009,
Recruitmentand appointment of new trustees
The Trust Deed provides for a minimum of 3 trustees. New trustees are automatically appointed through donating to the Foundation and the 4 first executive trustees check that there are no reasons for them not to be offered trusteeship under the rules of the Charities Commission.
Induction and training of new trustecs
The Trust Deed for the Foundation, as well as general information on the structure of the charity is available on the Oxygen House intranet. New trustees are encouraged to familiarise themselves with the relevant Charity Commission publications on what is required of a charity trustee,
° isational
st
The charity has a board of4 Executive Trustees and a board of 36 Non-Executive Trustees.
The board of trustees meet regularly throughout the year and at each meeting discuss any matters that arise, and the trustees seck independent advice where necessary regarding the governance and management of the Foundation.
Bisk Management
The executive trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The chatity exists to receive donations from employees and former employees within companies of the Oxygen House Group and related companies, The charity has minimal ongoing costs and all time provided by the trustees is on a voluntary basis. Oxygen House Foundation has not identified any major risks, but will continue to review and document any risks that may arise and will take action to minimise these as required, and to notify (he Charities Commision where necessary.
Objectives and Activities
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Objectivesand aims
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The objects as defined within the Trust Deed are:
To pay or apply the income towards or for the advancement or in futherance of such charitable purposes of charitable institutions or organisations or persons and in such proportions as the trustees may from time to time in their absolute discretion determine.
Grant Making
At each meeting a teview is undertaken of the finances and money available at the time of the meeting and a donation amount is agreed. The trustees then vote on any of the charities proposed and the donations are distributed accordingly. The governance and management of cach proposed charity or charitable cause is scrutinised beforehand to ensure that the Foundation is donating effectively and is adhering to the objects of the trust and the rules as laid out by the Charities Commission. Any charity deemed unsuitablo under these terms will provoke discussion and if necessary be withdrawn from the round of donations.
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Oxygen House Foundation
Report of the Trustees
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Achicyementand Performance
Charitable activities
Oxygen House Foundation's activities include offering financial help and monetary donations to other charitable causes and charities.
Oxygen House Foundation has donated to charities across the UK and abroad.
The trustees feel that the donations made this year reflect a wide range of charitable areas, including health, care and medical research,
education, environment and humanitarian aid, In addition, Oxygen House Foundation has donated to local, national and international
charities, ensuring that many geographical areas are benefitting.
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There have been no changes in the charity's objects or activities this year and Oxygen House Foundation will continue to make donations as
the trustees see fit, The trustees will ensure that the objects are adhered to, and will continue to evaluate the charity's activities to make sure
that Oxygen House Foundation is donating effectively, In the next financial year we hope to continue to support a wide range of charitable
causes, donate responsibly and hope to build long-term relationships, particularly with local charitics.
‘The objects of the Oxygen House Foundation ensure that there is a diverse range of charities and charitable causes that the Foundation will
help,for the publicacross several benefi peeption locations, and that by carrying out these activities, the trustees are ensuring that the Foundation is working
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Financial Review
Reserves Policy
Oxygen House Foundation is considering whether to adopt a reserves policy in the near future, but there is currently no policy in place.
Financial Review and Plans for the Future
The Foundation is currently funded entirely by donations and resultant Gift Aid (voluntary income),
Voluntary income for the year amounted to £69,156. The Foundation paid out £56,000 (£1 18,000 in 2024) in donations to charitable
institutions.
At the year end the Foundation was holding cash resources of £12,871 .89,
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Statementof Trustees Responsibitities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and.
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Tho Jaw applicable to charities in England and Wales, the Charities Act 2011, charity (Accounts and Reports) Regulations 2008 and the
provisions of the trust deed roquites the trustees to prepate financial statements for each financial year which give a true and fair view of the
state of affairs of the charity and of the incoming resources and application ofresources, including the income und expenditure, ofthe
charity for that period. In preparing those financial statements, the trustees are required to:
« select suitable accounting policies and then apply them consistently,
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- observe the methods and principles in the Charity SORP;
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» make judgements and estimates that are reasonable and prudent,
propare the financial statements on the going concem basis unless it is inappropriate to, and
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- presume that the charity will continue in business.
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‘The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial
position ofthe charity and to enable them to ensure that the financial statements comply with the charities Act 2011, the Charity (Accounts
and Reports) Regulations and the provisions of the trust deed.
They ate also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other inregularities.
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On behalf of the Board of Trustees of the Oxygen House Foundation
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MsD Stead - Treasurer
Dated: 6/03/16
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Oxygen House Foundation
Independent examiner's report to the trustees of Oxygen House Foundation
We report on the accounts of Oxygen House Foundation (Charity Number:1131659) for the year ended 30th June 2025.
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 2011 act) and that an independent examination is needed.
Tt is our tesponsibility to:
- examine the accounts under seotion 145 of the 2011 Act;
» to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and
- to state whether particular matters have come to our aftention.
Basis of independent examiner's report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. 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 explations from you as trustees concerning such matters. the procedures undertaken do not provide all the evidence that would be reqiured in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view and the report Js limited to those matters sct out in the statement below.
Independent examincr's statement
In connection with our cxamination, no material matter has come to my attention which gives us reasonable cause to belive that in any material respect :
« the accounting records were not kept in accordance with section 130 of the Charities Act; or
~ the accounts did not accord with the accounting records; or
~ the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. We have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,
Tudor Jones
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Oakle
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aad
Pitt Farm
Uffculme
Cullompton Devon EX15 3BY Dated: 3 eo [3fzs ;
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Oxygen House Foundation Statement of Financial Activities
for the year ended 30 June 2025
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|Notes|2025|2025|2024|
|Unrestricted|Total|Prior Year|
|Funds|Funds|Funds|
|é|g|£|
|INCOMING RESOURCES|
|Incoming|resources|from|generated funds|
|Donations and legacies|2|69,156|69,156|92,396|
|Investment income|3|-|-|2|
|Other incoming resources|3|i|a|
|Total incoming resources|69,156|69,156|92,398|
|RESOURCES EXPENDED|
|Charitable|activities|
|Donations|to|other|charities|4|56,000|56,000|118,000|
|Governance costs|6|674|674|621|
|Total resources expended|56,674|56,674|118,621|
|NET INCOME|12,482|12,482|(26,223)|
|RECONCILIATION|OF FUNDS|
|Total funds brought forward|13,892|13,892|40,115|
|TOTAL FUNDS CARRIED FORWARD|26,374|26,374|13,892|
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Oxygen House Foundation Balance Sheet
as at 30 June 2025
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Notes 2025 2024
& £
Current assets
Debtors 7 18,260 11,182
Cash at bank and in hand 12,872 3,297
31,132 14,479
Creditors: amounts falling due
within one year 8 (4,758) (587)
Net Current Assets 26,374 13,892
NET ASSETS 26,374 13,892
FUNDS
Unrestricted funds 9 26,374 13,892
TOTAL FUNDS 26,374 13,892
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The financial statements were approved by the Board ofTrustees and were signed on their behalf by:
Ms D Stead. Trustee
Approved by the boardon = 2G/03/ 26
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Oxygen House Foundation Notes to the Financlal Statements for the year ended 30 June 2025
1 Basfs of preparation
Basis of accounting
These accounts have been prepared undet the historical cost convention with items recognised at cost
or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (SORP 2015 FRS 102) and include the results of the charity's operations all of which are continuing .
Going concern The accounts have been prepared on a going concern basis.
Change ofaccounting policy The accounts present a true and fair view and the accounting policies adopted are as outlined.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
Material prior year errors
No material prior year errors have been identified in the reporting period.
2 Accounting policies
2.1 INCOME
Recognition of income Income is included in the Statement of Financial Activities (SoFA) when: « the charity becomes entitled to the resources and it is more likely than not that the trustees will receive the resources, and - the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
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Oxygen House Foundation Notes to the Financial Statements for the year ended 30 June 2025
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
2.2 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Support costs have been allocated between governance and other support costs.
Governance costs comprise all costs involving public accountability ofthe charity and its compliance with regulation and good practice.
| 2 | DONATIONSANDLEGACIES | 2025 | 2024 |
|---|---|---|---|
| 2 | z | ||
| Donations | 59,297 | 82,650 | |
| Giftaid | 9,859 | 9,746 | |
| 69,156 | 92,396 |
3 INVESTMENT INCOME 2025 2024 £ & Deposit account interest - 2 - 2 —Saa_EE (a
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Oxygen House Foundation
Notes to the Financial Statements for the year ended 30 June 2025
4 CHARITABLE ACTIVITY COSTS
Donations to other charities
5 GRANTS PAYABLE
Donations to other charities
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2025 2024
£ £
56,000 118,000
56,000, 118,000"
2025 2024
£ £
56,000 118,000
$6,000 118,000
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Recipients of institutional grants:
Name of institution £ Chalies Beach School 2,380 Give Directly UK 6,920 MND Association 7,145 Moor Trees 3,225 Refuge 4,400 Refuge 4 Pets 2,275 Wrap NGO 3,655 Relief International 4,632 Royal Cornwall Hospitals 4,371 The Grand Appeal 6,911 Plunkett UK 2,578 Poltimore House 3,362 the One Foundation 4,146 56,000 —————_—
6 GOVERNANCE COSTS COSTS
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6 GOVERNANCE COSTS COSTS 2025 2024
£ £
Auditors‘ rerauneration 619 614
Bank charges 55 7
674 621
= ew
47 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024
£ £
Other debtors 18,260 1 1,182
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Oxygen House Foundation Notes to the Financial Statements for the year ended 30 June 2025
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|8|Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR|2025|2024|
|£|£|
|Other creditors|4,758|587|
|9|Movement in|Funds|2025|2024|
|Unrestricted|funds|£|£|
|General|fund|
|At|1st July 2024|13,892|40,115|
|Net movement|in funds|12,482|(26,223)|
|26,374|13,892|
|Net movement in funds,|Included|in the above are|as follows|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|69,156|56,674|12,482|
|Total Funds|69,156|56,674|12,482|
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2025 2024 £ £
Oxygen House Foundation Schedule to the Profit and LossAccount for the year ended 30 June 2025
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|---|---|---|---|
|INCOMING RESOURCES|
|Voluntary Income|
|Donations|59,297|82,650|
|Gift aid|9,859|9,746|
|69,156|92,396|
|Investment|Income|
|Deposit account interest|-|2|
|Other incoming|resources|
|Total incoming resources|69,156|92,398|
|RESOURCES EXPENDED|
|Charitable|activities|
|Donations|to institutions|56,000|118,000|
|Governance|costs|
|Auditors’ remuneration|619|614|
|Bank charges|_55|TI|
|674|621|
|Total resources expended|56,674|118,621|
|Net (deficit)/Income|12,482|(26,223)|
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This page does notform part ofthe statutory financial statements
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