Charity registration numbor 1158065 Company reglslrallon number 08021909 (England and Wales) OSWIN PROJECTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 APRIL 2024 Tlie Irusloos pros&nl 1118ir ￿l￿nu[lI roporl and fii)aiiLial statumonl4 lor Ihe yeili eiid¥d 30 April 2024. Tl)i' Irusloos, wlio are iilbu diro=lors al Ilie clidTily fur Iho purposoq rjl Ilip CviiiydniBS Act 201JEi, prn8oni Iheir rp.poil will) tho fiiianLial bldlvirie-,Is of thi! cliaiily lui 11)e ycar pndp.i'l lo Apiil 2024. Tl'e Iruslnos havci adopliiil 11)e tjruvis nns ol Acccuril riLI f4p.partiiifj by Clidrilies.. Slrilo.nip.nl nl ReLVllilV)eIid￿d Prryi clirp. iigh nn Ihp. r.a.J8es ol cri[￿￿, Ivilh￿u( wishing In invp.sl In pri.srJns. ltndiicing the leriglh ol %nnlp.nces, coupled with Inllctrwing the pxai?)ple sel by NL)rway 12nd Hnllir nri Ivn411rt be clln8idftrtibly niore Lust efferiive Ihcln bLiildirig iiiore prisngs. Thft Srtiialion lias never hften more challenqlng. Thi4 i,$ diio lo a coii)binaliori ol circumNlI?ne.n8 from the condilioii ol Ihe prisoii esidle 12i3rll% bBing VILlurldiil, the nvftrcTo¥vdiiig {cells desiuiiLIJ for singln op.Cikpaiiry iiow l)oliliriu Iwu prisoi)erbl ,tJ shortage ol prisoii olliLers lind pr<)b¢11ion oflithrs diid a leiir of advor%o piiblicity wliicli creales d S Ir¢qlll rln-, I grlin qualilicalions tx)Ih in prison .Ind 01) Felva.sp. Thp.y Hlsn Provide a 'unrlir.g 4lr(¥am whiLI) grdJiirilly rftdiic.1110 Oilf depeiideiice un llrt4nls from Iru.%is, IoufTrdalii)ns rind Iiidividydls. Thc 08viin Projecl capilJli¥es on Iho roliabililali%¢e pulenlial ol e.rrployrnenl and Irainiiiu,. no)1 lu¥1 providing work. bul alsc) ihc skillo and alliludes In livc on Indekiei)denl. crimp..frre. Iifr. PrisDngrs. prisoi) leAvev4 join v8 al ¥1c fiuuES pulnLg nn fhoir ioiirney. We enqd'4e lyi1￿. Iprvlng pri8oiie.r% Ihroiigh our p8rtner81)IP with HMIJ N(Jrthiiniber13nd. anil i)risnn Ipjcivors Ihrrjugl) Lonlinuinq %i.PPD1, sftlt-rp.Icrrcil< ir nd I'olerrals Ic 9, ioL)uenlre pmh11 linn, olhor clidriliEsI. Inili*?I mcolin9s assess servtctt iJspr.8 ne.od% lind holp Ihein (Jevelop Lheir OWII IIOdl¥. KPb'e Ihpn i•dorK looeiher '.u L4slabli4h Ilio besl way lor¢édrd. OSWIN PROJECTS LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA Lhri$p Mr P Tfiylor P Wir IkiJr Mr N Ill GDLidie Mf W l Keviien (Appointed 16 April 20241 IApiJuiiiluLI 13 Seple.mhv.r Secrelary Revere4d F J Samplo Chiof oxecutlve offlcèr Reveiend F J S11 mplo Charity number 1158U65 Company number 0802ifjor Registered offlco -rhr4 FAlal89 Offic Bothal Castle Morpelh Noilliuiiil)8rland F.ii(Jldrid NE61 bSL Ind8pendont examiner Rvbsun L.4idl?r Arr,011171anis Liii)iled Fvrnwood Hoiiso Fornvdood Road Jp.8moThd Np%vr,aq15o. ijpon Tyi)e l yiic. and Ivedr Eii9land NE21TJ OSWIN PROJECTS CONTENTS Pago Truslee5' roport Indcpcndenl ex8niiiivr's roport Slaieni81)l L>1 firiÉ)nci*il ¢irlivllios Sial8ry)enl of lin¢iiicial position Sknlernent of cash flows io Notes lo tho fiiiaiiclal sldleinents 11- 19 OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Dlreclly MenloTing Peoplo wlth Criminal Records wlth Supported Ae¢•s$ to Extgrnal Employgr6 and Trainlng.. i)rovidi19 CV Uvvolappiei)I liolp f,.nJinq Vhicjrk IliiLluding IliroLigh niir neiviork Df en)pluyur81, siippoil aLLessing rel¥vJnl Iraiiiiiiy, ¢ine, aUvlLe nn disLlusipg ci'irilii¢Jl rec.oras lu efnployei 5. Sincp. May 2U23 nur niei Ilui nidllil9PI' hab worked dirvLIIy With 77 indivi(iudlN. A6 have t>oon supuurted Iiilo elTiploymenl or Irf?ining aiid dll dd(Jiiional 31 havo beefl holped with wrilin9 LiibLIos(Ire st8lements. We ugp. Il',e rLhcihilildlive pnlentidl o, ft.mi)luymenl 8nO Irdining 10 5UPPQrt prisoi)er& and ex-vffendprs lo beLuiDc Lnnifibultjlb Iii snciely ri11her 11)dri £lppp.ndviTrls. Our lailorvd packdqe al su{JiJiirl Iiirliides Ireriloring. Iiaiiliiiu an(1 woik exp¥rionc& dLfo55 .5 eiilerprisp.s. Bdkery ai)d Cdlii 16 111 Hfvlp N()IlliuiiibLirlai)d ¢4.'i¢J d SQCOlI(I Ci41¥ 16 in Ctilhvdr in Ihe qrniJ2rts. Open three dJys ¢1 W8ek. ltye Shop olfers vfpliiiileeriiiq upportiiiiilies and paid ernploy171eiil lo Oswiniief5, followiiiu tho niodel wc in vur ulhrjr enrerprlse Dvrii)u Iliis yoar il rtd¥ providèd viviploynieiil lo 1 Osivirinor. Tl)e shop has betiii coi)siderdbly more suLLes4fJl Ibdll W OXPg¢leol, I.. provides .') market lur prodLlCV gro'wii In tho priqon, i*liLir(I wo l)avv 20 vnlLinreer Osviiniiors WL>rking, 211(1 strllb at1rd&n furnit￿rE Inadv in ltye wood*Nnrk 14e end ol the K'eek. vorkshop. Aiiy uiisold proLlaLu Is donaied lu Aml)lo foo(J Bank at Whtilov8r palliway is 18ken, the Oswln Proioci piovid8S 8 IBilorgd packLtqe nf 1.1 suppor. and mer)loring. Where i'v@dq 'all ouls.,drJ oui. arvii al exDertiSI), lo.rJ, l)uiJ8ing, ii)¥iilJl hftallli i wark with K)drliier nigAIiisL41Trun% lo assure tho besi po¥siblo nelw4Jrk Df suppvri. Ckir DfoLess s long term. typically workin9 voilli iiid,vidiJals lof uvor 6 moiillib. goal for users 10 yr()gress Io Vfyploymeiil uulqi¢o ol I11& O%wiM Pr￿.￿GI. hawng gdintxj 4he necessary peisoiidl ¢ind S￿.11& dvvul0p1i￿r1I lo roniain employed ¢ynd avoid reollending. OSWIN PROJECTS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Chang•ng pgrcgptlons eiihdnco tho Impacl ul uur work through tsvonl% aimed al advuL.Icy tind creaiing oppDrtLnitios. Social impact Our LIiLin15 US expo.rieiic& vl wurking In bc1k¥iies ur kilchong 1)elorv jviiiiiig Cr?10 16 In l.IMP Nurlliuii)Lbydrind. wliii-.li Is iuii by ThL' Oqwiii Pr(PjULI. I ho Oswii'i PiujeLI ."iims lo rÈuLILe r¥olfclldin9 by uuidiiiii pgupl6 Into IrAiiiiiKJ .Ind en)ployrrienl opi)nrtiii)IliFbb Cdlo 76 nff ei"s a fifsl slep ()ii 11)ai riLILILII jOLir,-r ?reo lias work&rt in hoih Ihe klichp.n and Ihe bdkvry Sbnd has now (I￿¥￿￿npftd an al-fOLiiid sel ol %kill8. Wheii C)re(i li151 blklrlp.d in ;.AfFi 16. Iiis alliliirlo aiiLI yersona Wr15 lacki'ici Iri conli(Iv,ne.o. fweii Ilie way hp. slnnd. l)Iq Iiei4d w. Jl'olayb down, aiid lie l)dd iilllp, n￿li￿.all{)I i. Ho'wnvp.r, ncjw Gre!1 dlw*ly5 hti.. li.q heau l)eld high, rlnrt hfi Is i)iuud o( Iii. wvi ￿ aiid wh?r I hp achieves (?rneJ loels l)e now lirls l)Iiipose dnd the nnrimilily. ol il W￿￿Ing llrly. 1lf.knDwlp.dgvs Ih?I hn b.Is -iJul beller %inr.fi Ihw be£iinning rind li¥& Is 'bvller now Srlfr?h is leacl)IiiiJ tiim, Selftih. Ihv. hrlker al Cdfe 11) iii HMP Nurthii.iini-,rliind r￿n￿LIS :In Ihn incrvdible i'iipr(?vtr.tTipnl we hall￿ ¢111 %tion in C7rnfj 'Anylhlng I dsk h￿.￿ la dn, I kno)w Grtrg Vk'll ,Jp.l on with it" It nd il gives Ine -PY431 rr. ryl minrt" Saral) has .? .SV.t In*1￿ nnvi in Ih? bakery. and ali nl 11)e lads qpl nm 'wilh 11)¥ir lotis prndiiclively. Slie iYi'ile.s it lTrdo Ilsi Èdch mnriiing anrl i)(Ils inilials nexl ID e.Ir.h job and bhe knnlvs Ihal Gre£ Kvill ilwflys GOlI)pleie his with caie aiid In it high %lfindir r(1 tsrog hds becc>m8 much Inore orgaijsp(J. rll)d lie lias a 801 of skills Ilidl die higyly Iraiislerable lo any p.mploymeiii solling oil ￿leaSe. Iiicluoiiig Ofq¢ini3ation, liire man<*gomoni aiid ieam working skills. Greo erin:Is IoiK rnlng uiid beinq 11¢ i191il by Sdrah and he ai)preLidles tho InGreased rt>sponsibilily he has beeii given lu ITiykL% tho products in the bRkpry. Greu yl¥o enjoy5 testing dll the produc15, esp¥Liylly dll Ihe C¢iko8t Greq talks c1hoLII l)ow l)Is roiitidv.rc,e lias 4rown thanks lo U?e sli?ff In (A?r lo 16 8niJ lie acknowledgeva tl)e suvtYOTI hr. row has. Hp. feels like r.An lo Tl,,e UEwin Project loi dri¥lhinrJ Yp. "eeds I)elp N th i1nrt knows Ihdl Iliey ivill dli*iays hn rftridy Io help him GrAg is progr('.:.'sing f1nrl ii)oving lotwillrt .firfilh his Ille now 11 nri hn .5 a different person siIKo joinin9 Café 16. Public benelll rhp. Iriisiees are IT).nillul nl Ihe leii'tl rr.qiiirpmo.nl Ihai all rhtirilios musi lidve r.hi1rilii hlD Plirposes iA,Iiicll i?rv. lil lor ..hl.c benèfil. ￿￿+11 r.onlinue lo d?.VD.Inii aiill expJDd niir e% h47VP. ti duly lo Identily cind feiYiL'w Iho risks lo whicli the charily is tsxposv(l and to ￿SUrE appropriiilc LOfilrc)15 .Irr In Piricn lo provide redbonablp %siJfflnro rllJclinsl IraLid an(J error Tbxe LtiJrily hils Jdoplp.d <1 ri4k rryJnqqp.mpnl 8lrHlegy, The risk rriL41)dqcnipnl %lrÉ?Ipgy fnnns part of Ilie Chanly'y overall Inlern.'Il r.nnlrol :,IriJr.ILirp. antl I:ryrpnrii lp. grJVP.rnance arrill)qen)L'-, I -.Irrilo.gy provi(les deliniliuns ol rule'Janl lerminalngy 1nd dvl.I,l., respon%ihilily rind accoui)tabilily iyilhiii I￿.tr I'hiirily. The slralegy dlsu desLribes the rn*?naqpmrJnl pror.pss, inr.lulircJ Ihp. idp.nlilir*lI linn ai)d n)easuren)?nl ol riBk*.s iinrl Ihp. main reyorliriq arv&*nqpinpnl8. lljvk ippp.lilv is Ihn torm iivp.d I ,p.Inrmino ihe amoui)l ol rlsk Ili1111-.. Ipiirapririlfi for the Chcirily. Structure. governance and maiiagement The Lharili is conlrollv.d hy ils gnvornin J docuinenl, a deed nf Irusl, 1r nd r.on%tituleq a liiniled coinpany. limiled by qudrtlfilee, ils defined Dy Ihc Gonipanies ALI 2006. The liuslees. wha Iiro alqo tho 6'ireclors lof Ihe purnose Dt Gompany law. and wlio served duriiiq Ihe year und up Its 11?e diilo ol dSignnliJre ol the finai)Lwl slJlempnts woro.. A Cliriso Mf P Tr1/lor fvls P Walker Mf F. Coi)r'ur Mr I l Hun)?le M¥ S Riilidrdson Mr N W Goudio Mr W L Kttent)n IR¥siqiied 31 March 2(124 (Resiqncd 2 1 So.plnmbnr 20?41 IResignÉ4d ?.) .Iiily 2n23) (Appninlod 1 fi Ai)ril 20241 {Appoinlod 13 Sepleniber 202JI Rocruitmont and appolntment ol ncw tru8loo8 CCc15ionally il is i)eLessiiry lor Ihv. ('h.Ifily lo recruit i)ew Tru."lee Irj rw.pl¢lr,p. Iho-.IP. th<11 hi?vc. re.signed during 11)oir ierffl ol office, or tiue to ti plrinnp.d rp.liremei)Is afler Ihe I:(Implolinn nl IbD. I xftd Ihree.-year Term Ilhis Lari be extei)d&d by J Ibrlier .1 yoir rs wilb BiiarG' dppfuvdl,, KKppu'nlTnpnli) ii rv mci(Jo lo lill Idei)Iilied skill iieed. willi CV scruliiiy then following inlcrviow procedures L"onduclpd by thn Ll)air ot Trustees, CEO and one olher Irustee. Organisational slructure Tho Charity Is qoverne(i by fd f)t Truslees. Tlie Board ii*el$ a miiiimurn ol fcxjr limos r1 yoa¥. Qf is rnqiiired, lo deal i%'illi ari5, specific ig.suos. ￿l'e have esl8bllslied sub commillov8 r.nvorin9 Finance & ALI(lil. fv1arkp;.In(i & Cot7llllLiI)icilion%. Gnvnrnanro and Social Iii)VdcI. Each Irii41?p. 31sn haq r)vp.rqilp. for an ei)lerprise. Tru slees Iiold resporTrsibiiiliiis fnr IhAse differe41 areJs arid rep<)rt tho r findings and rer.ommen(iaiionb al Board nietsliiiqs. The In(IuL'.Ion rraining ol Trusiees is Ilie respons bilily nl tho Board ?i)d is arTai)qed url 81) Iiidivifjudl UT LolleLlive basis r1s 1r ppropnate OSWIN PROJECTS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Concluslon Nki¥i&r Ihts Oswin Projorls work hpp.n morLI Imr)orlaiil. To anyoiie invulvort in the dy%fiincliui)al Cniiiinril JiisliLe ysleiii It Is obviOUY Ihal 11)e curronl slluL41ic)ii is not sustainable. Tlit) 08wiii Piuiecl holps ieduLL 1119 hoi Iiuust) elldL".l ul prisons wlittro crime Is c.ijlliiialerJ rather Iliaii reh?r h.lilaliori. DerJp.ndeiiL/ 011 the third seLlor lo neqal¥ the urs1 ciprosses ul Ihi$ 8iILialiun is Ineiiilkibly increa%ii)q bec.aiise sldlulciry Dod LS C¢lnnol cope . Tho Oswin PruiLTLI iq i)ow in slrony yo%ilion lo .rilluiince IIIL Jg(Iiida Fli HMP, Nnrthiiiiib(Irlrind ai)tsl beyond Th& tq151ees' report was apprnved by Iho Board ol Trustees. P Vl&lker TTu$lee Date,. OSWIN PROJECTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSWIN PROJECTS I répor lo Ilie Irusleos on my gxaniil1ali￿l ol 11)u Iiiidnci1r l %lir lomo111% ol Oswin Projects Iilie ¢￿arIlY) for tl)e eiidvd 30 April 2024. Respon5ibilili0s and basis of report As 11)e IwsiLscs of che. e.haiily land also Ilv dircclnr.., Inr Ihp. piirposes of conipanv lawl you JrL respo11￿1blL for IliL' prepJrJlinn nl Ilip. Iiiiaic'al Slileinvi)Is in *W,rA]rd¢irr.n wilh the. requireniernls of Ilie Cumpariivg Act 20(Xi (Ihp 211(16 Acll H1r ving Éalislied mysèlf th81 tho Iinrinc.Irl18lalemenrs of Ilie chdrity are nul rcquirod lo bo ¢11Jdiled (Indor PRrt 16 01 lfvi ?fin6 Act and ar¥ tsllgible far Indp.pp.ndenl examiiialiun. I repurl in ri.'%pi',r.I nf niy QX1r minrilinn of Ihp c.harity q linrlnrial slAlèI?)erils (:drripd nLII Iindv.r section 145 01 Ilie Cliarilic.% Arl 21111 Ilhp ?n11 Acll- ITh rarrying Obl my pxaminalioli I Iidve lollowod r111 Ihp 1¢ ppIiLaL>le DireLliuns givun by Iho (:hArity Crjmmission under seciioii 145I5llb) of Ilie 2011 ALI. Independent examinoes statement Slnre Ite "harll5' E grnq& irr.one exceeded £250.000 yoijr QXAminAr m1181 be 8 mamber of 8 body Iisled In séction 145 of Iliv 2011 Acl. l oonfirm that l illll Uudliliod to und9rlake Ihe exan'iiialioi) L)eLaLise l 8 iYiefT)ber uf Ill A65ULldliun of GhHrtoro(J Gertified AcLourildnls. which iy one ol th8 Ilsied bo¢Jies. I liyvg complDlod niii exaiiiijiiillvii. l LL)nfifm that no niatters have coiiie lu rTly ylleiilluii LunnLLtior, wilh Iho exiiniiialion gilling Ine cause lu beliLVQ Ihi)I In Any iiiat81ial 1'8SPeLI'. .Ir.r.riiJnling rocords we.'e riot kpi'.l ..p re.,-,iie.r.I nl the cliafily as requ.red by section Jtlb ol Iho 2UOE? Arl,. nr Ihn lin.Inc.Ilr I slalenienls ,J(J nnl t?r.rnirt wilh Ihose reLLITds, ur the f.nanclal Slcltemvn15 dti nal c.ornply wilh Ili¥ aLL'uuiilSnq requirernonts ol sectlon 396 01 the 2006 Acl ollier Il)(El) ai)y reiiuirernenl Ihi?I tha accouiils give d Irue drid fair view which IR noi 1r mailef considored as part ol an ndepei)deiil examin?r linn,. nr Il)e liiianLi81 stsJlv.tNp.nls have iiol bven prppiirpd In ¢ir,c.nrdwr GO with tho meihodg and prinupleb of tli Slu'.einenl of l£p.rnivnicnded Pr¥Ll1￿e lor .?rr.c>iinling nd rTrgOrt•nfj by cl)atilies d￿￿IlCdtr)Ie Io Llidriliey preparing Ihnif r1r.c.oiinls In 8cLordanLe with Ihf) Finaicial Réportiiig Stai)dard appliL£ible in Ihe UK arxl ReouDlir ot Imllr nd IFRS 1021. I hiive no mnr8rns and l)av¥ Lume ¢)rrosq other n)allers iii iOlilleLIiuf i %villI '.trIc CXi?mintitior, 10 which Ilonlion 'huuld bo drawn In Iliis rvpL)d in ordor lo onable a proper undersiaridin.4 Ih(: fini)lll:Iqt I sl¢11omon15 to bo rrjachod. Niclolas Ciinniiiqh¢?m FC('A Robson Laidlor Accountant$ Llmlted Fefii%vooe Hc)usft Fern¥vood Road Jesrnun Npwr•rnpany is 8nlitled ID Ilie ex?mplion Ifnm Ihg aiJ¢Jil requiremei)I Ctsnl¢VPcll(I:IL>ri uf finJri(.'Idl %l&il(!mi.'nls. Tlie Inembe.r% hrlVD. nnl rE.>qiiii'ed the Luinuany lo oblr1in tinl riidil nf its linanr.ial slalpinenls loi Ilie yedr iii qiiesliuii ii) .ittrnrrt.Inr.p. with %p.clion 476. Fhcse Iiniincicil sialenieiils Ii¥ve bpen propared in accordance willi Ilie provi¥ioriy ypplicable lo companie5 subject lo Iho sniall coinp8111eS ￿91M0. The IiJ)anni￿ sialeirenls wprp opprovod by the Irusiees on ..1¢).￿l-.￿L.n P Wi)Ikor Trustee Company reFJisiraiion number 08021909 IEngiand aiid Wales) OSWIN PROJECTS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024 2024 2023 Not61 Cash flows f rom operating aclivltles C¢ish I tihsorbed byl,'generalert Ii'om 21 {29.1011 141,119 Invasting a¢tlvities Pvrchc759 ol lai)uibltr Iixed rl8sels Prnr.D.C.Lls Ironi disposal nl Iqll)giblè fixed r $501s Invesiniei)l iiicomp. re(*ivèd 120,530) {30,064) 3,600 1,870 Net cash used in investlng activili98 1: 8.(i601 {26,I.64) Nel cash u80d in flnanclng actlvlties N&t {d0¢rèasellln¢roaso In cash and ca8h èqulvalènls (147.7611 114,855 Cash ai)(l LdSI1 equivalents al beuirining nl ypar 230.29'1 115.442 Cash and cash eqijlvalents at ond of year 4 82..)'.4f> 2311.297 10- OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollcles Charlly Inlorniallon L).sviin Proierl¥ Is an Ir,rorporriled cI13rily Ich¢lrily number 11580tiS1- I h? fngislerad office is based ¢71 I ho .51ales Office. BoU)al C1T vllc. Moipelli Northumtitrrland, NE616SL. 1.1 Accoiinllng Convontion The finanLial sLileme.nis liavé been prv.pHrod in accordance ivilh tho charity's oo'ivrninq doeump.n1, the (JoNpanies Act 21111É> rlnd "AcLt)unlinii antl Roport no by Cliarilip.s.' %lrllo,meiil of Recommended prilr.lico ,Ipplicable lo c.*11rilifts Pfepari".4 Ihpir tir.counis in ¢Jcoordan.;ft wilh 11)e FinanLial Rppnrting %lt1ndaro IppIiL(IL)le In Ihe UK riiid Rek)ublir af Irolciiid IFRS 102> lett?.c.Iivo 1 Jcl1'Llaiy 20191 I he r.ht1rily is ti Pvblic Beiiefit Enlily ns ¢olined by FR5 IU2, The financiil181alemenls are propared in slerlinq. whirh is the ILillcitOli&?l Ltsrrcncy nf Iho charity. K,lone￿IY amounts In l.4ese financial 51alnfjio.nls are roundod lo Ihrj nfiarp.sl 1. Tho linanftial slaleiiivn15 h*lVA been prepufvd undftr Ihg hisiorical Lotsl convDnlinn. The pnncipal dCCUUllting policies adop1￿￿ sel ovl below, 1.2 Going concern Al It)e Iiiiiy uf approving the Ili)dllLldl slrilemenls. th8 iruslves h*iV8 a re¢lsonable exyeLldlion thrlt the -.h8rity h88 ad&t4UBle resnurcos lo coiiliiiuij In np•.r?r lioiial existence lor thTr foreseeable ILilure. I hus tho Iru81ge5 Goniiiiu¥ Iu ddopl tho going conLern basi8 0! accoui)lin4 in prvparing Ihg Iliiancial isialemenls. 1.3 Charltable fund$ Unroslricled funds aro avail8bl8 for use al tho discrelioii ol Itr￿ liusle04 in liirth81'8nce of t11￿1r charilablo nbiociives. Reslficlod funds are subivcl lo spficilic condilions by donor5 or granlors as lo how Incy mr1y be used. The purposcs ir nd uses ol tlie re%lrir.lod lui)ds aTe svl OLI In tho notes lo 1118 Iinanciiil %'¥iltnrn(2nls. 1.4 Income Iiicume Is recognised wl)vn IhLi chi1nty 15 legally dnlilled lo 11 afto.r r1ny pcrf(IrmanLe Londilions hFJVO bÈon n)el. IFie amount8 ran bo measured rp.liHNy. and il is probablp that income will be reLeived. 1.5 Expenditure I Ir11iililies dre recogni%orl as exyendilur(J a$ soon as there Is a legal ni. r.ni)%li'iiclive oblioidlion corntrilliiig Ihp. c.h8rily lo Ihal expfrndilure. Il is prtyb,1blft Ihal a 1raiisfer of ecDnnmir. tye.iielils svi.'l Je required in 5v.Illo.rnonl and 11)e kSlTlOUI)'. nl itr.o obliydlion t￿n ho. nii.,aSLired relidbly. Expp.nailiii'o is aLu)uiilvd for on lin rirr.riilr Is tMSiS arid ha￿ bopn r.It1ssifigd under ￿o￿lain09 thai 8utJregdle rill r.r)81 rolalod lo 11)e Lir %lq r.onqisleiil with IIIL usp. nf ro8niirc.es. C1ranls ollpred .siihjnr,I Io Loiidilini% whir.h hav6 noi bv.en mpl al th8 year end date aro nntod as a c.oi'.Imilinenl but nts". ¢lccrued as exiiTrnrtiliirp. 11 OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting pollciès Icontlnuod) 1.6 Tanglble flxed ass•ts T&riqible fixnd %SV.t5 iiro ini111c Il/ 'i)easvred al cost lind 8iibsoqiiftnlly m8asured ai cosl or valualion. npl ol éeyr&ciallon and impairment loyses. noprocialiDn is rea)gni¥ed &0 as to off lh& cost Of valudliL)n of 41SSQts l(J%s thpir rosidual vtiliios over Il)eir 118olul lives oli Ihe follL)WJnq hn" Pliiiil Jrid Bquipment lulor VfJhirles 10Uh htrBighl lin8 25./0 re(luciiiu ba18rice 1,7 Impalrmènt of flxad assots Al 8dLlI i¥yurliiig tjnd dtiln. Ihp rliajily reviews 11)e carrying Arnnijnlq nl ils laiigible ayselb Itj del¥rynii)e .Iielliei Iliere is any i-.rliedii dispogal of Idngible fixe(J dtisols Oiher ji)Lumv. 3,8110 2.291 2.291 13 OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Ex￿ndIt￿rÈ on charitablo actlvltles Chorltable a¢livllies 2024 Charitablo activities 2023 Dlrect cos Slgff cu%ls D¥pieuialion anrj IIYpil,rmenl Rvp.'Jir%i Ind renewdl InstJr1r nr,0 Pfvmisos aiid ruiiiiirig costs D?rnri?Iing project r.051s Bi1kpry proieLI Losls 1orilhgdi.81 pruiecl rKJst 439,370 16.268 4.14U G.'.19'.4 9.146 322.6(18 ?,4?7 11,250 23.271 96.150 JO.402 114,317 16,06g 625,444 JOI,371 Sharè of support and govarnance costs (sae note 71 Support 23,B+i7 23.866 649.J11 525,237 Analysls by fund Ui)resiriLled luntJ5 ReblrjLIL¥tt IiJnd4 615,852 33,459 482.(J2J 43,1.14 649,311 J25,237 Support ¢08ts allocated to actlvilie& 2024 2023 Telepl)one Priiiliiig and Ir dvort15ing Lpaiil s ai)(I salari08 So=l¢l1 security costs 011181 perision costs 401.87tJ 24,825 6,667 299_810 17.232 5.566 4:It3,370 322,liQH Tliere were no en)ployeo4s whDse anThJal remunerAlion was t7iore7 Ihan 160,000. Rernunerailon ol key managemeiit personnel Tlie lomun8railuri ol koy n)ant￿O￿onI personnel Wr18 as follows.. 2024 2023 AgDreodle Lompfjnsalityn 1J3.144 135.713 10 Taxatlon ThL' ch¢1rily ib vxempl froiii IdxJlion on ils aLtsvilios bocaLise dll ils inGome is appliod for charildble yurp050S. OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 11 Tanglblo flxed assots PIHnl and •qvipmonl Molor veliltlo$ Toial Ai 1 Mai 2023 Artdilions 7fi,843 38,486 115,3?9 At 30 April 2024 38.486 135.859 Deprociaiion and Impairmont Al 1 Mr?v ?n?3 Dvprocialion Lliargod in tho yoar 26.1119 8.239 G.371 8.029 32.391) 16.2t>il Al 39 Apiil 2024 34,258 14,400 48.65 Carrylng amount AI 30 April 2024 63.115 24,086 B7.201 AI 30 April 2023 50,824 32,115 82,939 12 Stocks 2024 2023 Raw maleriii14 ¢ind con%iimables 4,3,248 13 Oebtor5 Amounts fE4111ng due withiii one year: 2024 2023 I r¢lilo deblors Pr8payfiient8 ir nd aLcrued ii)curTie 111,268 11.1103 31.138 64.937 39.141 14 Cr•dltors'. amount6 lalllng due wlthin oiie year 2024 2023 Olher 11r Xtilion and *nclal security TrdLILi credilors Other Crediiors ArrAiials dnd dfr41eireLI incnme 41.429 ?0.036 11.771 2.2nn 2,114 26.211 1.141 I.ORQ Jl,266 16 OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 1 S Rétirement benofll schames Deflned contfibution schomes 2024 2023 Charge lo prolil or loss in fespeLt nf dèfii)ed rniilribtiliuii sr,hp.i)'es 6,667 5.56G Th¥ Lharily opvr&les ri deliiied rLinliibulinn pensivii sch8rne lor 811 aiialifyiiiy employogs. The assets ol Ilie scl)eiiiL+ iiro h431d separ8lely frum Ihose ol tye charily 111 un liide￿ilde171IY rld'iiiiiislerod Iui)Ll. 16 Restrictèd funds At 1 May 2023 Incomlng r•8ources Resoitrces expendod Transfers At 30 April 2024 Brikp.ry fui)rl 1on'.or fund PI0[￿lI rAinrdinalor fltrnd '￿elIbeIng luiid 25.000 2U,000 17,000 {17.52,11 14.7441 12,256 986 9116 flO,781 37,000 133.4r)g1 84.322 Prevlous year.. At l May 2022 Incoming resource8 Resources exnended Tran&f•r5 AI 30 Aprll 2023 Elakery funtl Moii'.or fund Caiiivdrit I lund Wellbcing fund 1'.12.?001 I'o,0001 11,0141 54,795 15,3541 2,000 986 129.349 43,214 80.181 Reslrlcted lund$ Bakery lund - This fund repres@nls furiding recejvea tor thè dgvelopmeiil ol Iho new bakery and lor the ruiining ol the Liifo project, Monlor fund - fhis reluloq lo ILiiiding roceivL¥d Irj pay waqc% .Ind assoc.Iilftd COSIS Iow*irds the mnloring prniecl. Project coordlnatof fund This relale4 lft fundinq roc￿¢Ved Iowf?rds waqe5 on iniroducllon ot a new COOTdinalor role. Cathgdral lund This repre8on15 lunijing ￿ceiVed lor Ih@ Oèveilopmenl ol Ilie nfjw cale, Wollbèlng fund - Tl)Is rL'proserts' d ono off tiidnt rTrcelved IDWcirds the véellboing of dnd vTrliinieers. 17. OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 17 Unrestrlcted funds Al 1 May 2023 Incomlng resources Resoiirces expend8d Tranyfer5 At 30 April 2024 Ganor31 lunds 546,Rn3 1615,Hfj21 184.529 Prevlous year,. At 1 Moy 2022 Incomlng rosources Rosources oxponded Trtsn5fers At 30 April 2023 Geneidl lunds 193.391 536.85fS 1482,0231 5,354 253.578 18 Analysi8 of net as5Qt6 betweon fund$ Unrèstricted funds 2024 Restricl&d lunds 2024 Total 2024 At 30 April 2024: Tanuiblp. assets Cur'onl asselsl