Charity Registration No. 1155783
SOFEA
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

SOFEA
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
M Broadway
A Camoenie
J Dyson OBE
R Ellis
S Jamshidifard
J Mitchell
A Mylvaganam
RNiChoOo
B Shuttleworth
A Thomson
BThreadgold
E Vyse
Charlty numbor
1155783
R•gl•ternd offlco
Unlt1E
Trident Business Park
Didcot
Oxfordshire
OX117HJ
Audltor
Gravlta Audit Oxford LLP
First Floor, Park Central
4041 Park End Street
Oxford
OX1 1JD
Bank•r•
c￿OperatIve Bank
Business Customer Sèr4lces
PO Box 250
Skelmersdale
WN8 6VIT

SOFEA
CONTENTS
Pago
Trusteès. report
1- 10
Statement of trustees, responslbililies
11
Independent auditols report
12-14
Slalemenl of financi81 activities
15
Balance sheet
16
Statement of cash flows
17
Notes to the Ilnancial statements
18-29

SOFEA
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The trusiees present their report and financial slalements for the year ended 30 June 2025.
The financial statements have been prepared in accordanGe with the accounting policies sel out in note 1 to the financial
statements and comply with the charity's governing document. the Charities Act 2011 and "Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" las amended for a¢counling periods
commencing from 1 January 20191
Objeclives and activities
SOFEA supports disempowered young people al the key transition point into adulthood, providing the tools they need to
lead successful lives through making a positive contributlon to their community.
Qur p.ducation and employability programmes Seek to address the problems that too many youno people leave school ill
equipped for their future, and too many people face barriers to securing meaningful employment.
Our wellbeing programmes seek to address th8 problem that too many people suffer from avoidabl8 physical and mental
health condltions and are often isolated and lonely.
However. many people in our communilles are struggling now, and so we seek to mltigate the needs of people faelng
POV8rty. inequality and Inequlty by helping them secure thelr basic needs such as lood and access lo the digltal world.
People on our educatlon, employability and wellbeing programmes not only galn work experience and ski118, but through
their participation in our social value projects they help others by- the redistribution of food, cooking for others,
refurbishing digital dovices and are able to engage and connect with others, find a purp058 and develop agency over
their own futures.
This is a strengths based approach, encouraging people to be empowered and for them to make a net positive
onlribulian to their communities.
And so."
The charilys objects are Ihe rellef of poverty and need in partlcular by the provision of food and Ihe 8dvanc8ment of
education and training. the rnlief of unemployment in particu18rby providing training and r8sources for those seeking work
and by working with gmployars to address recruitment and un8mploymenl issues. Th8r8 h8s been no change in th8S8
during the yg8r.
The maln actlvltles undertaken In relatlon to Ihose purpose8 durlng the year.
SOFEA enables disempowered young people, at the key transition point into adulthood, with the tools they need to lead
successful lives through making positive contributions to Iheir communities.
1.Education programmes for young people aged between 14 and 25. with three strands..
An employabilily pathway building from y￿rk experience to full time employment, through our purpose projects
including our Fareshare operation. Community Larders, Nourish and Flourish and Getting Oxfordshire Online
prograrnme.
A study programme building from entry level to level three qualifications, and including GCSES in Maths and
English.
A wellbeing programme including strategies for behavloural change, mental health support. physical exercise,
healthy relationships, gxtra curricular activities and working with families.
2.Employability programme5 for those most marginali5ed in the labour market..
Programmes designed to develop the generic employability skills of communication, teamwork and self management, with
additional practical and behavioural support, in order to better equip people of Bll age5 who are marginalised in the labour
market lo gel and relain work.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Liaising with local employ8rs to support them in recruiting people from our employabilty programmes.
3.Menlal health, wellbeing and social prescrtbing support=
Non clinical programmes of support for people of all ages, including children and young people aged up lo 18 and Social
Prescribing for all ages.
4.Inierrfention Programmes for young people
Working with Thames Valley Pollce's Violence Reduction Unit, to provide high impact mentoring which reduces the risk of
exclusion and engages young people.
5.Provision of f￿d to partn8r organisations
Worklng wlth our partners al Fareshare UK. SOFEA redlslrlbutes surplus food to approximatety 150 not-for-profit
organisations So￿1n9 vulnerablè people.
6.Community Larders
Using surplus food, SOFEA runs 35 Communlly Larders with 4,000 members, providing lood to individuals and famili85
for a subscripts'on fee. The convening power of food brings people to a community selts'ng once a week, at which they are
able to access a range of other service5, such as digital literacy, debt advice. social prescribing, cooking skills and
employment support.
7.Getling Oxfordshire Online
Worklng with partners, Aspire and Bicester G￿en, we have refurbished and distributed over 5,000 digital devices to those
in need, enabling them to participate in the digital world more effectively. We have led Oxfordshire's digital inclusion
netsvork, seeking to ensure that digltal support is available to those who need it acr05S the County.
8. Nourish and Flourish
Working in our kitchen lo help redu￿ food waste and cook nutritious meals for the community. in the process leaming the
5kllls needed to progress into the hospitality induslry.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Activities to further the purpose for th• public benefit
Our education, employability and wellbeing programmes are all focused on working with disadvantaged and
disempoweTed people. Programmes are open to all and an a55essmenl is made a5 to whether SOFEA can meet the
needs of the individual.
Thi5 means th81 our education programmes are primarily focused on working with young people who have not successfully
progressed through mainstream education, giving them an opportunity to develop knowledge, skills and understanding.
As a result participants gain agency that enables them to transform their lives, vthich in tum enables them to make a net
coniribution to their community.
Similarly our employability and wellbeing programmes are designed to enable people to overcome the barriers they face,
enabling them to transform their lives and move forward productively.
The WOTk we have done for the Violence Reduction Unit. working with Thames Valley Police, has reduced the likelihood
of young people being excluded from school. School exclusion has Significant negative consequences for the indivldual
and their community, reducing the incidence of exdusion leads to large public benefit.
Our food programmés enable people in need lo b8n8fit from the provision of high quality surplus food, reducing their food
insecurity and providing access to other services. We distribute food through two channels, the first - to other not-for-profit
organisations to support their beneficiaries, thereby providing publlc b8nefil to a wider group of people. We also supply
food through our Community Larders to individuals and faTnili85, thi8 iq npp.rAtAd 88 8 mp.mhftrship scheme, providing
basket of gToceTies, fresh produce and household goodsfor 8 small siibscriplion, WA prcjvide free membershlps whe
Individuals or families are not able to afford the fee.
In order to undertake our activilie8 we have a strong 51aff team, with highly qu8lified individuals and many with lived
experience. We inlenlionally employ people who face barriers lo work and who may not b8 successful in applications to
other employers. Half our staff face or have faced significant barriers to employment.
The Twstees have had regard to the Charity Commission'5 guidance on public benefit in managing the activitie5 of the
charity.
Short lemi and long terni alms and objectlvos
Increase the number of young people who benefit from SOFEA'S hlgh quality support
2. Increase the number and range of opportunities for young people
3. Increase the level of contnbulion of young people to their communltles and society
4, Ensure the organisation is fit for purpose
In 2025126 we wlll:
Work with local employers to create better pathways for young people
Develop the uses of our Nourish and Flourish Community Kitchen
Develop the range and breadth of services available through our Community Larders
Complete the site move in Milton Keynes
Long term strategy and objectlves
We will continue to enable people to transfonn their lives through education. employability and wellbeing. We will use the
convening power of food to take our expertise from our learning sp8ces out into our communities. The programmes we
deliver will be created and tailored for the specific needs in our communities, with an emphasis on early intervention.
We will deliver early interventions that are wanted and needed by the communities in which we operate.
They will be at a greater scale than now and either paid for by specific contracts for Ihe purpose or by mulliple year awards
from larger funders. We will not only deliver these outcomes for our beneficiaries but will strive to be an exemplar for how
a well Tun, inclusive and supportive organisalion can deliver them for our staff and volunteers.
By building our delivery and intemal successes we will become the leading experts in our field. Nol onty will we deliver
great results for our beneficiaries, we will be able lo demonslrale their ongoing success. the benefits we deliver internally
and we will be able lo show how Ihe SOFEA approach is bp.ttpr IhAn the traditional way of operating. We will aim to be

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
thought leaders sought out for our opinions and counsel by govemment, academics, the media and olher charities in the
field.
Key objectives for the next 12 months
Build relationships wth up to 12 local employers to create better pathways for young people
Develop the uses of our Nourish and Flourish Community Kitchen, to ensure young people leam to cook, the
community is included and nutritional education is provided.
Develop the range and breadth of services available Ihrough our Community Larders, building on them as places
that people wlll go, not just for food
Complete the site move in Milton Keynes, in order to double ils Capacity
Investigate the possibilltles of expanding and the methods of doing so
Stratsglos to achl•vo th• alms and objectlvos In tha futur•
The strategies that we deploy ensure that we enable and support peopl8 to make a deep connection with themselves and
Iheir community so that they can fulfil thelr potential, these include..
Working with education partners to increase the capacity and range of the provision ¥￿ offer, so that it is suitable
for people who have been disadvantaged or disengaged by other education provlslon.
Working with Health partners to ensure that we focus on the physical, mental and emotional wellbeing of the
people we work with, so that they are able to lake advantage of the educational opportunities. Our work with
Didcol Primary Care Network and Response enable us to provide this SUPPOrt.
Developing Community Larders, so that people can meet their basic needs for food, and access a wider range of
services and support through the wraparound services provided by our network of partner organisations, such as
debt relief, housing support, employability and health support.
Working with local authority partners as part of their cost of living responsel anti poverty strategies and accessing
funds from the Shared Prosperily Fund to do 80.
Partnership with Thames Valley Police, lo ensure that both our food and education programmes are targeted at
the people who can most benefit from them, for example by taking referrals from the Police to work with those at
risk of becoming involved in the criminal justice system,
Developlng both our sites in Milton Keynos and Didcot to provide breadth and depth of services In hlgh quallly
aspirational environments.
Deepening our r8lationship with Fareshare UK to access mor8 better quallty food and to share our approach to
employability viith the rest of the nelwork.
Working alongside the Didcot Community Partnership. which we helped to found, to provlde a sulte of services
for the community of Didcol, particularly Iocu5ed on wellbeing
Working c105ely with local employers on the 'Powerhouse Preapprenticeship, to develop a new approach for
young people accessing the labour market for the first time.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Activitlas contributing to the achievement of aims In the year
The operations that we undertook in 2024125 trj achieve our organizational aims included..
We have provlded post 16 education programmes in partnership with Milton Keynes College and Activate
Leaming for 101 young people (our highest ever number), including English and Maths at GCSE. 95% of young
people achieved a grade and 85°k made a positive progression.
We have developed our altemative school provision, with approximately 20 young people of school age
participating in this programme.
Our Employability programmes have worked with over 485 people to provide mentoring, support and work
experience to enablè them lo move closér to th8 labour market (more than ever before).
Our Wellbeing programmes have worked wlth over 814 people, providing non clinical m8nlal health support and
guidance to enable them lo make the first steps towards Iransfomiing their Ilves (three times more than last
year).
The distribution of approximately 1,966 tonnes of Surplus food has supported more than 150 other not-for-proflt
org8nisations, enabling them to provide food for their beneficiaTles, thus enhancing their seNice and reducing
their costs. We do this in partnership with our national partners at Fareshare UK.
We have developed our Community Larders, rlslng lo 35 larders wlth 4,000 membeT5. For a small subscrlptlon
individuals and families have access to a range of good quality food on a weekly basis. We have developed the
services that go alongside the provision of food to enable people to transform their lives. The Larders provide
focal point in their communities, enabling people to access the support they need from a range of sources.
Our 'Getting Oxfordshire Online, programme of providing digital devices to those in digital poverty in order to
enable them to participate has, with our partners at Aspire and Bicester Green, redistributed 5,000 devices.
Nourish and Flourfsh kitchen. The kitchen uses surplus fiK)d to train young people In a commercial environment
and has so far provided over 10,000 meals.
We have published our second Impact Report, which is available on our websSte'. www.sofpa.uk.com
Contrlbutlon of volunteern
Through the y8ar over 800 volunteers have supported us. Approximately 61 volunteers have been regular and frequent,
while 743 have provided one or two days each of volunteering throughout the year as part of a corporate volunteering day.
We have also provlded many volunteerlng opportunitiés for lob seekers., improvlng their work experience and confidence
before reengaglng wilh the labour m8Tk8t.
Volunteers have given up their time to provide a great deal of support in funclions such as delivery driving, administration.
marketing, logistics support and social media.
The roles that volunteers have contributed lo include.. Truslees. Van drivers, Warehouse operatives, Administraliv8
operatives, Fundraising, Marketing, Classroom 5UPPOrt, and table tennis club.
We would like to thank all of our volunteers who give up their time to make the organi5alion the vibrant and dynarnic place
that it is.
The trustees have paid due regard lo guidance issued by the Charity Commission in deciding whichaclivities the charity
should undertake.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Achlevements and perfonnance
Fundraising activltles
Approximalely half our income is raised through contracts for the delivery of programmes such as the education
programme, and through sub5CriPtions to our Community Larders and Food redistribution seryice.
In 2024125 we contracted the services of one Strategic fundraising manager, with a focus on raising funds through Trusts
and Foundations.
Our Marketing and Corporate Partnership Manager undertook a range of fundraising activities.
Members of the senior team have also played a crucial role in raising funds.
In opening our Nourish and Flourish kitchen, we have also begun to hold fundraising dinners on 511e. Young people from
our programmes host the evening and cook the food, under the expert guidance of our chef, giving us the opportunity to
showcase the work we do.
We have worked hard throughout the year to ensure that funds applied for and received meet the strategic needs of the
organisations and ils beneficlarles.
Dlffer•nu made to benellclarlos
The education, training and wellbeing programmes have had a profound effect on the people participating, with many
starting a programme at SOFEA in distress and completing the pmgramme wllh Improved confidence, skllls and
qualifications to successfully transition into work or further study.
A total of nearly 2.000 people (double the 2024 number) have been directly supported through one or more of our
education. employsbllily or wellbeing programmes this year. Nearly 4,000 people are members of our Community
Larders and several thousand have benefited through the provision of food to other organisalions.
30 st8ff who have faced ba￿lerS to their ernployment continue lo receive support related to their leaming difficulties,
ment81 health or personal circumstances.
102 young people completed ourstudy Programme, passing over 150 qualiflc3lions including English and Maths GCSE,
with a success rale of over 95°A.
Over 85% have progressed to educatlon or employmenl, w8 contlnu8 to support the rest to do so.
The biggest impact of the training programme however Is In the attitudes and mlndsets of p8rtlClP8nts. They report a
33°h rise in their general wellbelng and anecdotal 8vidence suggests profound change in individuals.
We have redistributed close to 2.000 tonnes of food during the year to over 150 organisations
Organisations we work with report reduced costs and improved quality of food, enabling them to continue and improve
their service to their users.
Benefit to wider soclety
2,000 lonnes of food redlslributed, whlch would have gone lo waste, reduclng the envlronmenlal impact.
People, especially young people, in the local community have been enabled lo gain employment benefiting themselves and
their community as well as providing a workforce in a labour maikel, which remains light.
Tens of thousands of the rnost vulnerable and disadvantaged people in the local commUn￿Y have been able to access high
quality nutrits'ous food, improving their lives and enablin9 them to participate mora fully in their own communities.
Our Community Larder programme has 4,000 members, 85% of whoffl aro on low income and the￿fore improving their
circumstances. The additional membership benefi15 Qf thi5 programrne such a5 the access to other Services are also making a
difference.
Our work with the Police resulted in the risk of exclusion for the 100 young people participating has being reduced.
Our Social prescribers have supported over 300 people. reducing their reliance on their GP and other health provision.
Our mental health services have supported young people and prevented some young people frorn entering clinical services.
Our employability programmes have supported 485 people into and closer to the labour market.
Our in work support progamme has enabled a high number of vulnerable staff lo sustain their employment in the face of
difficulties.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Enabling people to transfomi their lives, by helping secure their basic needs. then enabling them to move forward and
ultimalely to self actualise through acces5 to work and education combined with the cost saving5 lo statutory services. the
contributions made through the lax system and the benefits to community cohesion provide a significant benefit to wider
society.
Flnanclal revlew
In the circum51ances that prevailed through 2024125 the financial performance of the organisation was strong. and we
believe we have invested in meaSU￿S that will Secure our future sustainability.
Income in 2024125 (£3,400,411) was significantly higher than 2023124 {£3.108,125), however overall expenditure was
higher, as we invested in growing our staff team lo meel the needs of our beneficiaries. We finished the year with a surplus
in 2025 (£14,624) compared to a deficit in 2024 (£66,498).
At the end af the year SOFEA had lower fund balances on restricted funds mainly as a result of the treatment of large
capital grants. The unrestricted fund balance is much improved from last year.
Definitions and Goals..
The Reserve Fund is defined as a designated fund set aside by action of the Board of Trustees. The Minimum amount to
be designated as ReseNe. will be established in an amount sufficient to maintain ongoing operations and programmes for
set period. The Reserve seNes a dynamic and ch8nging role and will be reviewed and adjusted in response to intemal
and external changes. The target minimum Reserve Fund includes all recurring, predictable expenses such as salaries,
occupancy. administration and runnSng costs of motor vehicles. Depreciation and other non-cash expenses are not
Included in the calculation. The amount of the Reserve Fund target minimum will be calculated each year after approval
of the annual budgets.
Funding of Reserves..
It is the policy of the charity to move to a position vthe￿ unrestricted funds which have not been designated for a speclfic
use should be maintained at a level sufficient lo ensure that the charity can continue to operate should some or all of ils
income cease, or to properly discharge its duties in closing the charity.
The GharSty, SOFEA, recognises the need for a ReseNes Policy to ensure the stability of the mission, programmes,
employment, and ongoing operations of the organisation. The Reserve is intended to provide an intemal source of funds
for silu81ions such as one-time unbudgeled expenses, unanticipated loss or delays in funding or uninsured losses. In
addition lo the sum sel asidé lo ensure contsnued operallons, we aim to raise additional funds as a reserve for one-time.
non-recurring expenses that will build long term c8pacity, such as investment in infrastructure or staff development. The
Reserve Policy will be implemented in conjunction with the other governance and financial policies of SQFEA and Is
Intended lo siippnrt Ihp. .qlrAtp.giR.4 and gnAI8 r.r)nlainp.d in rplated policies.
The Sum set aside for this purpose Is currenuy set at £225k and the target level is £300k. We could achieve this by
increasing revenue or reducing costs over the rest of 25126. Free reserve5 will be funded with surplus unrestricted
operating funds. The Board of Trustees may from lime to time direct that a specific source of revenue may be set aside
for Operating Reserves, such as on&lime gifts, special grants, or special appeals.
Reporting and Monitoring..
The CEO is responsible for ensurlng that the free reserve is maintained and used only as described in the policy. The
CEO provides regular reports to the Finance and Risk on the level of free reserves.
Review of Policy..
This policy will be reviewed every year by the Finance and Risk Committee, or sooner if warranted by internal or external
events or changes. Changes to the policy will be recommended by the Finance and Risk Committee to the Board of
Trustees.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Principal sourc06 of lundlng
ContraGt Income- £821,427 (2024.. £840,301)
Donations- £285.903 {2024'. £236,909)
Grant Income- £1,553,14812024.' £1.289,645>
Other Revenue - £5,11412024'. £22,603)
Community Food Members - £222,30112024: £204,408)
Community Larder- £503.81812024.' £506,862)
Interest Income- £8,70012024'. £7,397>
Total Ineom•- £3,400,411 (2024: £3,108,125)
We would like to thank our major partners for their support in 2024125:
Actlvale Learnlng
Fareshare UK
Mllton Keynes College
OXLEP
Thames Valley Pollc8
And are grateful to the followlng funders for their support in 2024125:
Albert Gubay Charitable Fcundation
Batchwarth Trust
British Airways
Cadbury Foundation
Childwick Trust
Christ's Hospital of Ablngdon
Crilchley Foundation
Garfield Weston
Hubbub & Virgin Media 02
John Lewis Partnership Foundation
King Charles Charitable Fund
Lennox Hannay Foundation
MacFarlane Family Foundation
Magnox
Marguerite Foundation
Middle Way Trust
MINT Velvet
Oxfordshire County Council
Reed Foundation
Rowse Family Trust
RWE Foundation
Sovereign NebNork Group Limited
Social Investment Busines5
South Oxfordshire District Council
St James's Place Charitable Foundation
Swire
Will Houghton Foundation
Yorkshire Buil(Jing Society
The trustees have a55e5S8d the major risks lo whith the charity is exposed and ar8 5at15fied that system5 are in place to
mitigate exposure to the major risk5.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Factors affectlng future financlal perforniance
SOFEA'S Board has developed a detailed risk register, which highlights the potential risks to the organisation and Ihe
miligating actions it is taking. We have highlighted the following areas as potential sources of risk:
Safeguarding
SOFEA works with vulnerable young people and at any particulartime a number are likely to be involved in child protectionl
safeguarding cases. In 2024125 we had no significant unresolved safeguarding issues at SOFEA, but we were involved
in Ihe wider cases of several young people.
Our approach to Safeguarding 15 robust, everyone is trained to a high standard and we have two members of stsff vtho
frequentty train other organlsalions with the Oxfordshire Children's Safeguarding Board.
Operational resilience
In the context of a growing organisation and the effects of the pandemic, we will need to have continued regard for
operational resilience and ensure th8t our fin8ncial contro18 8re strong.
Our model requires a significant proportion of our funds to come from grants. Our ability to continue to gain income from
Ihis source, and ils sustainabllity, will to some extent delemine our success in the future. As we grow our staffing
requirements will change and we will need to ensurè that the management capacity is matched to the size and complexity
of the org8niz8tion.
Dats Protecllon and Cyber Securlty
We continue lo Improve our systems and approaches to both data protection and cyber securfty. as we recognls8 the
significant risk In th18 area. We will shortly be seeking Cyber Essenllals accreditation.
Compliance
We work in two highly regulated areas - with young people and with food. In addition, new data protection rules Tnean we
need to ensure our compliance procedures continue to be robust.
Our policies and procedures have been reviewed in ihe year and significant ifflprovements have been made.
Plans For the Future
The need for the V￿rk SOFEA does will continue lo grow. In responsé we have undertaken a revlew of our Theory of
Change and our Strategy to:
More explicitly focus on Ihe need lo gupport disgmpowered young peoplo at the key transillon polnt
Into adulthood through our Innovtaive approach to w?Ilbelng, oductalon and ?mployrnent
Focus our work on building resilience in communities by working closely wth Fareshare UK, as it transitlons
into a new organisation, on a food strategy to unlock MO￿ surplus food
To increase the scale of operations by moving into an additional unit in Milton Keynes in 2025
Become an anchor institution in our communities through the development of partnership working in Didcot
and Bletchley and by working with our partners in growing the number of Community Larders and the services
provided through them.
Explore the development of our new programmes, such as..
developing our food programme lo provide nutritional support through our Nourish and Flourish programme and
kitchen.
Powerhouse Pathway (Preapprentsceship) as an approach to getting young people into work
Summary of plans for the futuro and the trustees. pgrspectlve of the futuro dlrectlon of the charlty.
SOFEA enables people to Iransfonn their lives.

SOFEA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Our aim is to enable more people to transfom) their lives in more ways. To do thi5 will continue to grow our existing
programmes in existing locations, develop existing programmes in new locations, develop new programmes and to
demonstrate the value of the WOTk we do we will build a robust Impact Framework.
Structure. governance and rnanagement
The charity is constituted as a Charitable Incorporated Organisation, registered under the Charity Commission in England
& Wales and Its governing document Is a written constitution. The Goveming Document is dated 3 December 2013 and
was last amended on 16 January 2020.
The truslees vtho served during the year and up to Ihe date of signature of the financial statements were..
M Broadway
A Camoenie, Treasurer
J Dyson OBE, Chair
R Ellis
S Jamshidifard
J Mitchell
A Mylvaganam
RNiChoOo
B Shuttleworth
A Thom50n
BThreadgold. Vice Chair
E Vyse
During the yeBr, the Board consisted of twelve Trustees, seven men and five women. We continue to review the skills we
require and whether we need to add further to the Board.
The organisation has grown in the last Iwelve months. There are a significant number of new staff and the organisatlon
structure has adapted to meet the current need. We have added strength lo our Head Office with appointments of a
Finance Dirèctor and a Director of Business Support.
The Board of Trustees has approved a delegated authorSty pollcy, whlch sets out th8 d8legallon of declslons to Sts
committees and to the Chief Executive and his management team.
Pollcies ar8 In place for the induction of new Trustees and opportunities are made available for Trustees to become
involvèd in a5p8cts of the Charity in which they have an interest.
The Trustees have approved 8 pay policy, p8y and remuneration decisions are made in line with this policy.
The organisation has robust DEI and Whistleblowing policies.
The Trustees, ￿port was approved by Ihe Board of TnJ5tees.
Joanna Dysb
OBE
Chair of Trustee5
Dated..
10

SOFEA
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2025
The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accountsng Slandards (United Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities In England and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the 51ate of affairs of the charity and of the incoming resources
and application of resources of the charity for that year.
In preparing these financial statements, the trustees ar8 required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charltles SORP;
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting stand8rd8 have b88n followed. subject to any m8teri81 departures
disclosed and explained in the financial statements; and
prepa￿ the financi81 statements on the going concem basis unless It is Inappropriate to presume that the
charity will conlinue In operation.
The tru81ees are responsible for keeping sufflclent accounting records that dlsclose with reasonable accuracy at any
time the financial p051tson of the charity and enablc them to ensure that the financial stalernents comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responslble for safeguarding the assets of the ch8rity and hence for taking Teasonable Steps for
the prevention and detection of fraud and other irregularities.

SOFEA
INDEPENDENT AUDITOR'S REPORT TO
THE TRUSTEES OF SOFEA
Opinion
We have audited the financial 5taternents of SOFEA I'the charity,) for the year ended 30 June 2025 which comprise the
slatement of financial activities. the balance sheet. the statement of cash flows and notes to the financial statemenls,
including significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Slandards. including FRS 102 The Fin8nci81 Reporting Standard
applicable in the UK and Republio of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
'give a true and fair view of the slate of the charity's affalrs as at 30 June 2025 and of ils incoming resources and application
of resources for the year then ended.,
.have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and
•have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinlon
We conducted our audit in accordance with International St8ndards on Auditing IUKI IISAS IUK)) and applicable law. Our
responsibilities under those standards are further described in the Auditors ￿Sponsibl11t1￿S for the audit of the financial
statements section of our report. We are independent of the charity in accordance with the ethical requirements that are
relevant to our audit of the financlal slatemenls Sn the UK, including the FRC'5 Ethical Standard and we have fulfilled our
other ethical responsibllitles in accordance with these requirements. We believe that the audit evidence we have oblalned
is sufficient and appropriate to provide a basis for our opinion.
Concluslons rolatlng to golng concern
In 8uditing the financial statement5, we have concluded that the Trustee's use ol the going concern basis of accounting in
the preparation of the financial statements is appropriate.
Based on the work we have pertormed, we have nol identified any matenal uncertainties relating lo events or conditions
that, individually or collectively, may cast significant doubt on the Charity's ability to contlnue as a going concem for a
period of at least 12 months from when the financial statements are authorlsed for issue,
Our responsibllltles and the responsibilities of the directors with respect lo going concern are dèscribed in Ihe relevant
sections of this report.
Othor Inforniatlon
The other inforniation cornprises the Informatlon Included in the 8nnual report, including the tru5tees' report, other than
the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent Other￿lse explicitly slated in our report, we do not express any fomi of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is malerialty
inconsistent with the financial stalements or our knowledge obtained in the course of the audit, or otherwise appears lo be
materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to
detemine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report
that fact.
We have nothing to report in this regard.
12

SOFEA
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF SOFEA
Matters on which we are required to report by exception
In the light of Ihe knowledge and understanding of the charity and its environment obtained In the course of the audit, we
have not identified material misstatements in the trustees. report.
We have nothing to report in respect of the following matters in relation to which th8 Charities (Accounts and R8POrts)
Regulations 2008 require us to report to you if. in our opinion..
.the informalion given in the trustees, report is inconsistent in any material respect with the financial statements- or
•suffic18nt accounting records have not b88n kept. or
.the financial statements are not in agreement with the accounting records; or
•we have not received all the information and axplanations we require for our audit.
Respon•lbllltles of trustses
As explained more fully in the trustees, responslbillties statement, the trustees are responsible for the preparation of the
flnancial statements and for being satisfied that they give a tfue and fsir view, and lor such intemal control as the trustees
determine is necessary to enable the preparatlon of financial statements that are free from materlal misstatement, whether
due to fraud or error.
In preparing the financial st8temenls, the trustees are responsible for assessing the charity's ability lo continua as a going
concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting
unless the trustees either intend lo liquidate the charity or to cease operations, or have no realistic alternative but to do
so.
Auditorfs responslbllltle8 for tho audlt of the flnancial statemonts
We have been appointed as auditor under Section 144 of the Charitles Act 2011 and report in 8ccordance with the Acl
and relevant regulations made or having effect thereunder.
Our objectlves are to obtain reasonable assurance about whether the financial stalements as a whole are free from
material misstatement, whether due to fraud or error, and io issue an 8udltorfs report that includes our opinion. Reasonable
assurance is a high level of assurance, bul is not a gu8ranlee that an audit conducted in accordance wllh ISAS (UK) will
always detect a material misstatement when it exists.
Misstatements can ari58 from fraud or error and are considered materiBI if, indiviiiually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basls or these flnanclal statement5.
Irregularities. induding fraud, are instances of non-compliance with laws and regulations. We design Procedures in line
with our Tespon5ibilities, ouuined above, to detect malerial misstatements in respect of irregularities, including fraud. The
extent to which our procedures are capable of detecting irregularities, including fraud is detailed below=
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities,
and skills lo identify or re￿gnISe non-compliance with applicable laws and regulations,.
we identified the laws and regulations applicable to the company through discussions with trustees and other
management. and from our knowledge and experience.,
we focused on specific laws and regulations which we considered may have a direct material effect on the financial
stalements or the operations of the Charity, including Charities Act 2011.
we assessed the extent ol compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence where applicable.. and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to
Instances of non-wmpllance Ihruuyliuul Ilig dudil.
We assessed the susceptibility of the charity's financial statements to malerial misstatement, including obtaining an
understanding of how fraud might occur, by..
13

SOFEA
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF SOFEA
fTiaking enquiries of mar>agement as to where they considered therè was susceptibillly to fraud, their knowledge of actual,
suspeelad, and alleged fraud., and
considering the internal controls in place lo miligale risks of Iraud and non-compliance with laws and regu181ions.
To address the fisk of fraud through management bias and override ol controls, we..
performed analytical pra¢edure5 10 identify any unusual or unexpected relab'onships.,
tèsted journal enlnes lo identify unusual transactions:
assessed whether ludgemonls and assumptions mad8 in determining the accounting eslimal85 were indicatsve of
pot8nli81 bias,. and
Investigated the rationale behind signifi¢8nt or unusual Irans8Gllons.
In response to the rlsk of Irregularities and non-compliance with laws and regulations. we designed proc8dur88 which
Included. but were not limited lo,,
agreeing linancial statement dlsclasures lo underlylng supportlng documentation..
reading the rnlnutes of meeting8 of those charged with governance..
enquiring of management as lo actual and potential litigation and clalms.,
reviewing relevant correspondence,
There ao inherent limitations in our audit procedures d8scribed above, The more removed Ihal law5 and regulation5 are
from financlal Iransacllons, Ihg less likely it is that we would become aware of non-compliance. Auditing standards also
limit the audit procedur8$ required lo identify non-compliance with laws and regulations lo enquiry of th8 Trustees and
other management and the Inspection ol regulatory and legal correspondonce, if any.
Material misst8lemenls that arise due to Iraud can be harder lo delect than those that arise from error as they may involve
deliberate concealrnenl or collusion.
A further description of our r8spon5ibililios for the audil of the finanaal 8latement9 is located on the Financial Reporting
Councll's website al.. vw.fTC,org.uk18uditorsresponsibili15e8.
This description forms part of our auditor's report.
Gravita Audit Oxford LLP 18 ellglble for appointment as auditor of the Gharily by virtue of its eligibility lor appoinlmenl a$
auditor of a company under section 1212 of the Companles Act 2006.
U8• of our r•port
This report is made solely lo the charity's Iru51ees, as a body, in accordance wlh section 144 of the Charities Act 2011
and the regulations made under section 154 of that Act. Our audit work has b88n und8rtak8n so thal we might 51al8 to Ihe
trustees those matters we are required lo stale to Ihern in an auditor's report and for no other Pufpose. To the fullesl extent
permi118d by law, we do not accept or assLJme respon5ibillly lo anyone other than the charity's Iruslg85 as a body, lor our
audit work. for th15 report, or for the opinions we h8ve forrned.
Gravita Audit Oxford LLP
First Floor, Park Central
4041 Park End Street
Oxford
OX1 1JD
Dale. 6111125
14

SOFEA
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
Unrestricted Re$lrlcted
funds
funds
2025
2025
Total
Unrestrictèd Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from
Donations and legacies
Charitable acllvities
940,756
898,295 1,839,051
740 1,547.546
8,700
5,114
536,462
1,549,297
7.397
990,092
1,526,554
2,274 1.551.571
7,397
22.603
1,546,806
Investmerts
8.700
Oih8r income
4,820
294
22,603
Total income
2,501.082
899,329 3,400,411
2.115.759
992.366 3,108.125
Ex
8ndlture o
Charltable gctivilies
2.505,961
879,826 3,385.787
2.091,731
1,082.892 3,174.623
Net Incomel{axp6nditure) for the yea1
(4,8791
19.503
14,624
24,028
190,5261
166,498
Transfer between funds
290,333
1290,333)
151,825 1151,8251
Net movernent in funds
285.454
1270,830)
14,624
175,853
1242,3511
166.4981
Fund balarKes a11 July 2024
Fund balancos at 30 June 2025
214,871
500,325
479,461
208,631
694,332
708,956
39,018
214,871
721,812
479,461
760.830
694,332
All income and expenditure derive from continuing activities.
15

SOFEA
BALANCE SHEEr
AS AT 30 JUNE 2025
2025
2024
Flxed asjels
Intarolble assets
TarKJibl8 a888t8
12
39,403
396,838
43.781
496,966
13
Curr•nt usots
Debtor8
14
362,407
553,698
916.105
475,185
342,975
818,160
664,575
Cash al b8￿£ and In hand
Crndltors: amounts falllng duo wlthln ¢Jn• year
15
524 187
N8t currert a888ts
391918
153,585
Total auet• le•• curr¢nt Il•bllltl•8
828,159
694,332
Cradltorn: amount• famlng du• 4ftgr mor• Ihan on• y••r
N•t N3••t•
16
119,203
708,956
694,332
Income fvnds
Restricted fLmds
208,631
500.325
479,461
214,871
Iheslrlcted furMJ8
708,956
694.332
The financial 8tat8m8nts were approved by the Trustees on ...............
'aJ-
Joanna
Chalr of Trust•a•
16

SOFEA
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
2025
2024
Notes
Cash flows Irom operatlng actlvltl88
Cash (absorbed byllgenerated from Operatior
21
88,394
{176,621)
Investlng actlvltles
Purctrose of Intangibl8 & tangible fixed assets
15,574)
(200,5451
Investment Incom6 recelved
7.397
N•t cash usod In Inv••tlng octlvltlos
3,126
1193,1481
N•t cash iised In flnanclno acllvltlft
Net Idacrease)Ilncreaso In cash and cash
•qulvalonts
119203
210,723
(369,769)
Cash and cash equhmlents at beginnirvj of year
712744
Cash and cash equlval8nts at ond of yoar
553,698
342 975
17

SOFEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Accounting pollcles
Charity infomiatlon
SOFEA is 8 Charitable Incorporated Organisation incoTpofdted in England and Wales. The principal address
is 1 E Trident Park Didcot OX117HJ.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's governing document, the
Charfties Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice
applicable lo charities preparing their accounts in 8ccord8nce with the Fin8nci81 Reporting Standard applicable
in the UK and Republic of Ire18nd IFRS 102)" las amended for accountlng pericds commèncing from 1 January
20191. The charity is a Public Benefit Entiiy as defined by FRS 102.
Th8 financlal statements hav8 departed from the Charities (Accounts and Reports) Regulalions 2008 only
lo the extent required to provide a true and fair vlew. This departure has involved following the Slatement
of Recornm8nded Pracllce for charities applying FRS 102 rather than the version of the Statement of
R8comm8nded Practice which is referred lo in the Regulations but which h8s since been withdrawn.
The financial statements are prepared in sterling. which 15 the functlonal currency of the charity. Monetary
amounts in these financial 5talemenls are rounded lo the nearest £.
The financial statements have been prepare(l under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the
Iruslees continue lo adopt the going concern basis of accounting in preparing the financi81 statements as
Ihere are no rnaterial uncertainties about the charity's ability to continue.
1.3 Charltable funds
Unrestricted funds are available for use al the discretion ol the trustees in furtherance of their Gharitsble
oblectlv88.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes lo the financial slatemenls.
Endowrnenl funds are subject to specific conditions by donors that the capital musl b8 malntaln8d by the charity.
1.4 Incomo
Income is recognised when the charity 15 legally entitled to it after any performance conditions have been met.
the amounts can be measured reliably. and it is probable that income will be received.
Cash donation5 are recognised on receipt. Other donations are recognised once the charity has been
nots'fied of the donalian. unless performance conditions require deferral of the amount. Income tax recoverable
in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notlfied of an impending
distribution, the amount is known, and receipt is expecled. If the amount is not known, the legacy is trealed as
a contingent asset.

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Accounting policlos
(Continued)
Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised
when receivable. Stocks of undistributed donated goods are not valued lor balance sheet purposes.
1.5 Expendltur•
Liabilities are ￿CogniSed as expenditure as soon 8S there is a legal or constructive obligation committing
the charlty to that expenditure, it is probable Ihal 8 transfer of economic benefits will be required in
settlement and the amount of the obllgation can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under heading5 that aggregate all cost relaled to the category.
Where costs Gan not be directly allributed lo particular headings they have been allocated lo activities on
basis consistent wlth the use of resources.
1.6 Tanglblè fixèd as8Ots
Tangible fixed assets are Initially measured at cost and subsequontly measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognlsed so as to write off the cost or valuatlon of assets less thelr resldual values over their
useful lives on the lollowing bas81J:
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehides
Intsngible asset
15- 23°A reducing balance
20- 100¥o reducing balance
20% reducing balance
20% reducing balance
10% reducing balance
The gain or loss arlsing on the disposal of an asset is determined as the difference belween the sale proceeds
and the carrying value of the asset, and is recognised in net incomellexpenditurel for the year.
1.7 Impalmient of flxed assets
At each reporting end dale, the charlty revlews the carrying amounls of Its tangible assets to determine whether
there is any indicalion that those assets have suffered an impaimient loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to detemiine the extent of the Impairment loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents Includ8 cash in hand, deposlls held at call with banks, other short-term liquid
Investmenis wilh original malurilies of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.9 Flnanclal instrumonts
The charity has elected to apply the provisions of Seclion 11 'Basic Financial Instruments. and Section 12'0ther
Financial Instruments Issues, of FRS 102 to all of its financial instrurnents.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provision5 of the instrument.
Financial asse15 and liabilities are offset, wilh the net amounts presented in the financial statements, when there
is a legally enforceable right to set off the recogni5ed amounts and there is an intention to setue on a net basis
or to realise the asset and settle the liability simulianeou51y.
19

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Accountlng polldes
(Coniinued)
Baslc flnanclal a88ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitules a financing transaction, where the transaction is measured al the
presenl value of the future receipts discounted at a maTkel rate of interest. Financial assets classified as
receivable within one year are not amortised.
Baslc flnanclal liabilities
Basic financial liabilities, including creditors and bank loans are inltlally recognised at transaction prlcé
tsnless the 8rrangement conslitules a financing transaction. where the debt instrument is measured at the
present value of the future payments dlscounted at a market rate of interest. Financial Ilabilllles classified
as payable within one year are not 8mortised.
Debl Instruments are subsequently carrled at amortiged cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as CUTrent liabilities if payment is due within
one year or less. If not. they are presenled as non-current liabillties. Trade creditors are recognised initially
at transaction price and Subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltl85
Financial liabilibes are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benellts
The cost of any unused holiday entitlement is recognised in the period In which the employee's seNices
are received.
Termination beneflts are recognised immediately as Bn expense vthen the charity is demonstrably
committed to terminate the employment of an employee or to provlde termination benefits.
1.11 Retlram•nt benefits
Payments to defined contrlbutlon retlremenl benefit schemes are charged es an expense as they f811 due.
1.12 Donat•d goods
Donated goods received relate to highly perishable food items with little to no resale value. The goods are not
recognised within the accounts as it is difficult lo measure the fair value of the iterns. Only goods purchased aré
accounted for within the accounts al cost.
20

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Crltlcal accounting estimates and Judgements
In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabililies thal 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. Aclual results may differ from these estim8te8.
Th8 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate Is ￿VISed where the revision affects only that
period. or in the period ol the revision and future periods where the revision affects both current and future
periods.
Flxed a•¥et d•preclatlon
Depreciation is recognised so 8S to write off the cost or valuation of assets less their residual value3 over their
Useful lives. Calculation of depreciation requires judgements lo be made, which include the useful economic
lives of fixed assets held. Depreciation and impaimient for the year was calculated to be £110,079 (2024..
£104,892).
Donatlon• and l•gacles
Unre8trlctsd
R•¥trlcted
Total
Unrestrlcted
FundB
Restrlcled
Total
Fund•
Funds
Fund•
2025
2025
2025
2024
2024
2024
Donallon8 and gif18
Revenue granis
280,155
660,601
5,748
892,547
285.903
1.553,148
201,909
334,553
35.000
955.092
236,909
1,289,645
940.756
898,295
1,839,051
536,462
990.092
1.526,554
Grant¥ r•uivable for corn actlvltle>
Revenue oranls from
government and publlc bodies
318.064
381.215
699,279
120.3
556,908
677,208
Revenue gran15 & d¢Jnalions
from non publlc bodies
342,537
511,332
853,869
214,253
398.184
612,437
660.601
892,547
1,553.148
334,553
955,092
1,289,645
21

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Incon* from Charitable activlties
2025
2024
Community F¢Jod Membèrship Income
Community Larder Membership i￿1)Me
Contract Ir￿oMe
222,301
503.818
821,427
204,408
506,862
840,301
1,547,546
1,551,571
Analysis by furKI
lthrestricted f￿d8
1,546,806
740
1,549,298
2,274
Restricted furKIs
1.547,546
1.551,572
Invutm•nt•
Unro•trlct•d
U￿￿trIct•d
Funds
Funds
2025
1024
Interest recelvable
8,700
7,397
Olh•r Income
Unrestrlct•d
Ro•trlcted
Total
Unrn8trlct•d
Fund•
Fund•
Funds
2025
2025
2025
2024
Consultancy & 8eNlcg In¢ome
4,820
294
5,114
22,803
22

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Expenditure on Charitabl8 activities
2025
2024
Staff costs
2,159,822
2,088.230
Volunteer costs
1,073
1,572
Moior Vehicle Costs
136,735
147,157
Prcgrarnn8 costs
94,830
76,454
Facilities costs
334,196
301,795
Technology costs
21,377
25.567
Cffice costs
12,500
9,551
General Insurance costs
15,766
21,036
Finance costs
37,293
19,148
Adwtising & Marketing costs
19,100
24,930
Depreciation & impairment
97,102
104,892
General costsl bad debt
6,121
139
Loss on dlsposal
12,977
Irrecoverable VAT
53,443
42.929
3,002,335
2,863,400
Sh8re of support & go￿rnanCe costs {see not8 8)
383,452
311,223
3,385.787
3.174,623
Analysls by fund
Lknre5tricted funds
2,505.961
2,091.731
Restrictsd funds
879,826
1.082.892
3,385,787
3.174,623
23

SOFEA
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Support costs
Support
Govarnance
2025
Support
Govarnance
2024
costs
costs
costs
costs
Audit fees
9,500
9.500
9,200
9,200
Legal and professlonal
3,490
3.490
Professional fee￿sa1ary
337,302
33,160
370,462
264,549
37,474
302,023
340,792
42,660
383,452
264.549
46,674
311,223
Anatysed between
Charitable activities
340.792
42,660
383,452
264,549
46,674
311.223
Governance costs Include payments to the auditors of £9,50012024- £9,200) for audit fees.
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity
during the year.
One trustee was reimbursed £44 {2024'. £216) for travel expenses in the year.
No Trustees received remuneration from the Charity this year12024.' None).
10 Employees
TTr￿ average monthly nLThber of employ8es duriThJ the year was..
2025
2024
Number
Number
77
76
Employment costs
2025
2024
Wages aTrJ salaries
1,962,208
1,847.298
Employer Nl
183,668
162.522
Employer Pension
40,050
36,589
2,185,926
2,046,409
24

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Two employees (excluding the TTUStees) during the year whose gross pay and benefit (excluding employer Nl
and pension contributions) fell within the fdlowing bands was..
2025
2024
Number
Number
£60,001- £75,000
11 Th? Contrlbutlon ol volunteorn
The charity had 61 {2024'.47) regular volunteers who donated at least one day (up to 5 days) a week14-hour
days) and 75312024.. 2501 corporale volunteers. commilling at leasl 1 day (6 hours days).
Total volunteer hours were higher than the previous year at 11,744 hours12024'.9,500), 85 we have seen an
increase in corporate volunteers
12 kntanglblD Ilxod •88•ts
k)tanglblo
Softwar•
Total
Co¥t
AI 1 2024
49,470
49,470
Addlllon8
AI 30 Jun& 2025
49,470
49,470
Am(￿lSaI10n
Al 1 Juty 2024
5.689
5,689
Amortlsation Gh3rged in the year
4.378
4,378
AI 30 June 2024
10,067
10,067
Carrylng amount
AI 30 Junè 2025
39,403
39,403
AI 30 Jung 2024
43,781
43.781
25

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
13
Tangible Fixed Assets
Leasehold
Improvem•nts
Plant and
Equlpm•nt
Fixtures and
Flttlngs
Motor
Vèhlcl•s
Totsl
Cost
At 1 July 2024
406,925
242,770
131,082
4,000
784.777
Additions
5,574
5.574
Disposal
115.8361
115,8361
AA 30 Junè 2025
406,925
226,934
136.656
4,000
774.515
Depr•¢l4tlon •nd Imp•lmi•nt
At 1 July 2024
127,244
120,897
38.361
1,309
287.811
Depreclatlon chaiged In the year
58.818
9,213
24,156
538
92,725
EllrTlnaled on dl8posal
12,859)
12.8591
At 30 June 2025
188.062
127,251
62,517
1,847
377.677
14
Debtors
2025
2024
iount8 falllng due wllhln one year
Trade debtors
21,432
105,970
Other debtors
119,673
68,426
Prepaymenls and accrued inco
221.302
31X).789
362,407
475,185
15
Crodttors: amount8 lalllng duo wlthln one year
2025
2024
Cther takilion and sccial security
48,228
38.541
Trade creditors
131,691
121,863
Other creditors
26,091
26,996
AccruaLs and deferred incorr
282,880
477.175
Loan
35,297
524,187
664,575
Within accTual and deferred income, is deferred income of £ 266,552 {2024: £463.581) from grant and contract
income received in advan￿.
26

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
16
Creditors: amounts falllng due after more than one year
2025
2024
Loans and overdrafts
119,203
119,203
A loan facllity of £154,500 was provided to SOFEA for a term of48 months. The fundlng has enabled the organSzatlon
to 8cceg8 888entl81 working cBpilBI and to rcinforce its Inlemal investment in the businoss d8v8lopm8nt l88m, thereby
supportlng long-term growth and suslainablllty.
17 Anaty&l• of not a¥¥et• b•tw••n fvnd•
Ilnr*A¢rlrt•
Fund•
R•strktsd
Funds
Unr••trl¢t•d
Fund•
R•Atrlct•d
Funds
TDtsI
Total
2025
2025
2025
2024
2024
2024
Fund b8Lqnces at 30 June 2025 am
repmsented by..
Tanglbkg & h18nglbl8 assets
Currenl 8588lsl IllabS1111081
436,241
64.084
436.Z41
205.907
334,840
144,621
540,747
208,631
272,715
8,964
153,585
500,325
208,631
708.956
214,871
479,461
894,332
27

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
18
Restricted fvnds
At 1 July
2024
In¢omlng
resources
Resources
expended
At 30 June
2025
Community Fc￿d
148,528
105,247
1253,7751
Community Larders
Education
10,OCH)
76.740
(78,111)
143,007)
8,629
29,185
20,585
6,763
Errployability
Wellbeing
70,322
362,523
(352.364)
(8.OMI
(143,5691
80,481
7.600
29,715
152,968
39,114
Nourish & Flourish
135,237
65,341
(168,0131
(123,2751
32.565
Ptsad ￿fiCe
56,030
108.324
41.079
Total
479,461
899,328
(1,170,158)
208,631
Rostrktod funds Conwarallvo {2024>
Al l July
2023
Incomlng
resources
Resources
expend8d
At 30 June
2024
c￿1r￿n[ty Food
CLYnrNnity Larders
236,040
61,71))
1149,2121
148.528
62,521
22,274
{74,795)
{10,391)
10,000
Education
34,576
29,185
Emph)y8bih'ty
78,409
374,234
1382,321)
70.322
Well)elng
GOO
111,9821
31,223
246.594
1234,168)
{91.459)
1171,376)
1120,995)
444
89,951
29,715
N4)urlsh & FI￿riSh
184,000
122.613
135,237
F￿ad Offlce
107,025
70,OfyJ
56.030
Total
721,812
992,366
(1,234,717)
479,461
Community Food- This fund represents monies given to us for use capital and operation expenses in community
food.
Community Larders- This fund represents rnonies given to us for use certain expenses in Larders.
Education- This fund represents monies given to us for use certain expenses in Education.
Employability- This fund represents monies given to us for use certain expenses in Employability.
Wellbeing- This fund represents monies given to us for use certain expenses in Wellbeing.
GOO- This fund represents monies given to us for use Getting Oxfordshire Online digital service.
Nourish & Flourish- This fund represents monies given to us for use capital and operation expenses in SOFEA
kitchen facilities.
28

SOFEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Head Office- This fund represents monies given to us for use software. hardware and Milton Keynes expansion.
19
Related Party transactions
Bemard Grenville-Jones was a Trustee until March 2024, and was an Executive ofActivate Learning until December
2024. Conlracl income totalling £410.765 (2024.. £496,414).
Richard Kennell, the CEO of SOFEA is also a Trustee of Didcot Comrnunily Partnership. Contract income £14,219
(2024.. £2,736)
20
Key Managom•nt P•rnonnel
During the year, the Key Management personnel received remun8ratlon of £332,034 (2024., £392,799).
21 Cash generated from opèrallons
2025
2024
Surplu$llDeficSt) for the year
Adjustments for:
14.624
166,4981
InVestrT￿nI income recognlsed in stat8menl of financial activities
(8,7001
(7,3971
Depreciation and impairment of tangible fi'xed assets
Asset disposal
Movements In worklng capltsl:
Decrease in debtors
97,103
104,892
12,977
112,778
1215,2671
7.649
(Decrease) in creditor5
{140,388)
Cash (absorbed byllgenerated from operatlons
88,394
(176,6211
22 knalysls of changes in net Ibnds
This charity had no net debt during the year.
23 Oporallng Loa805
2025
2024
8ulldlng8
eypiring within one year
eyiring be￿een two and five years
182.620
182,620
287,670
470.290
470,290
652,910
Other
eypiring within one year
eypiring between and five years
26,486
71,990
55,077
18,560
81.563
90,550
29