Charity reglstration number 1168065 (England and Wales Company registratlon numb&r 08021909 OSWIN PROJECTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
OSWIN PROJECTS CONTENTS Pagé Truste88' report Independent examinerfs report Stalemont of financial actiwtie8 statement of financial position 10 stalemenl of cash flows 11 Notes to the financial statements 12_20
OSWIN PROJECTS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 APRIL 2025 The trustees present their annual report and financial statements for the year endèd 30 April 2025. The trustees. who are also directors of the charity for the purposes of the Compani8s Act 20113, prespnt their r@port with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecttve 1 January 2019). Context Tho criminal jLlStic@ system stsnds at a potential turnin9 point. Aflor yoars of ¢rtsis managgmont, major independent reviews recenlly published offer the possibility of fundamental reform. The Gauke Sentencing Review and the Owers Prison Capacrty Review have provided comprehensive analyses of systemic failures and clear pathways for change. The scale of the rocont crisi¥ cannot be overstated. In May 2024, CODR motittngs were Gonvened to disGUSS emergency powers to prevent system collapse. with fewer than 100 places remaining in adult male prisons. The Owers Review documents an 18-rnonth 'permacrisis' where officials worked around the clock moving people between prisons, police cdls. arKI courts in desperate attempts to maintain basic functionalty. England and Wales now have one of the highest in¢2rceration rates in Westem Europe, driven by a 'lough on crime" narrattvo that has prioriti8ed punishment over 6ffectiveness. SinGe 2013, sentence lengths havé doubled, and reoffending rates have remained broadly unthanged. When prisons operate at breaking point. their capacity to prcvide safe. purposeful environments that reduce reoffending is severely compromised. However, both reviews offer reasons for cauts'ous optimism. The Gauke Reviev/s recommendations to emphasise criine reduction ovei punishtnent and strengthen communlty allernauves align wlth evl(Jence-based practlce. For organisations like The Oswn Project, which maintains a reoffending rate of under 4% while regional rates reach 670/0, th8sa roVi9w$ validate approache8 that prioritisè employment, training, and genuine rehabilitation. For the Oswin Project, our role remains clear. to demonstrate daily that altemattves to this failed system not only work, but work better. Objectives and a1VItieS The Oswin Project demonstrates that rehabilitation through employment works. Our comprehensive programme of mentoring, training and paid work placement addresses Ihe fundamental challenge of breaking the cyde of reoffending through meaningfttl intervention. Our model capitalises on at research consistently shows that stable employment 18 the single strongest predictor of desistance from crime. We donl just provide work" we develop the skills, confidanca and social connection5 needed for an independent. crime-free life. Through our five social enterprises, we create a bridge from custody ta community, offering genuine progression pathvRys that mirror real workplace environments. Our appiuaGII ib deliberately flexible and per50Trcentred. People lorn us at dlfferent stsges - some wnlle servlng sentences through our partnership with HMP Northumberland. others immediately after release through probation referrals, job centr•s. or salf-raferral. Each joumgy begins with an honest assessment of individusl ne6 and aspirations, followed by collaborative goal-setting that recc#3nises both thallenges and potential. Importantly, our enterpnses generate Income that gradually reduces dependence on grant funding. creating a sustainable model for lon*lerm impacE. This financial Independen allows u5 to maintain our values-driven epproach while proving that ethi¢al bu¥ine¥¥ practices and social impact can work hand in hand.
OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Directly Mentoring People with Criminal Records th Supported Access to External Employers and Training." providing CV development, help finding work (including through our nerk of employers), support accessing relevant training, and ad on disclosing criminal records to employers. Since May 2023 our mentor manager has worked diredy with 77 indimduals. 46 have been sUPPOrted into 8mployment or training and an addrtional 41 have been helped wilh wnling disciosure ststements. We use the rehabilitative potential of employment and training to sUprt prisoners and ex-offenders to become contributors to society ralher than dependents. Our tsilored package of support inclLKle5 mentoring. training and work experience across our enterprises. Our success rate is testament to the value and impact of OLf work.. at a time when reoffending rates in the northeast at their highest for over a decade167Qk wthin a year of release). the Oswin Projecys reoffending rate is under 4%. are proud to 'walk-the-walk': 5 of our 1knif8 Staff across managernent and coordination roles have lived experience of the criminal justice system., each bringing invaluable expertise to their role through personal understanding of the issues and challenges fa by prisoners and ex-offenders. Gafé 16 HMP NortliuinbeAavid. Cdfé 16 iii HMP NvillluiliLilClI7[J d t2lu-baK#ry siarred by a lèaili of prisoiiers, "led by an experienced Café Manager and Assislant Manager. The cafélbakery is based inside HMP Northumberland and serves prison staff and the prisons visitor5, centre and supplies other outlets. Over the last year team in the Prison have mentored. supported and trained over 24 people. Café 16 in Newcastle Cathedral." Café 16 in Newcastle Cathedral builds a bridge of opportunity beeen prison aiid the woiKplaGe. Tliose tsaiiie(l ill oui prisoii caf¢ can -graduale" lo Ilie Calliedrdl Café 011 release, here, Iliey cali continue their training and re[ve additional support. We also offer ROTL (release on temporary linCe) plac6mant8, in which 8aNing prisoners can Spend time wothng in our Cathedral Cafa to halp acclimati88 them to life outside prison in preparation for release. Baked goods sold in Café 16 in the Cathedral are produced in OLrr HMP Northumberland site. sin May 23. our NeWCaSe Cathedral Café has employed 10 people with criminal record5 and provided volunteering andlor short tem work placements for short-tenn14 people. Inside & Out: employs and trains prtson leaver5 to undertake gardening, forestry. and propety maintenance work. The team leader and deputy leader draw on their lived expertence of the criminal justice system, which provides them with great insight into how best to engage and support prison leavers. Mirroring the Synergy of our Café's, those who wll °graduate° from our Growtng Out gardens in HMP Notthumberland can continue their training while working as part of the Inside & Out team. Since May 2023 there have been 6 men in employed in this team. Growing OUL In July '23 we opened the Growing Out Fatm Shop in the giounds. Open four days a week, the shop offers volunteering opportunities and paid employment to Oswinners, following the model we use in our other enterprises. During this year it ha5 provided full time employment to 1 Oswinner. The shop continues to be successful. it provides a market for produce grown in the prison, and sells garden fumiture made in the woodwork workshop. Any unsold Produ is donated toAmble Food Bank at the end of the week. Market Garden5: We work alongside Sodexo In Ihe Market Gardens In HMP Northumbemancl. 20 Oswlnners are engaged in growing produce and plants for use in the Fam Shop and other enterprises. The 03win Project has a180 equipped a Woodwork workshop. wharè up to upto 4 prisonors makg a rango of garden and indoor furnrturo which is sold to the general public. This year, the Oswin Project has supported 5 prisoners to start a Level 3 Horticulture course. Changing the Cycle: Our bike shop opened in August 2024 in the grounds of HMP Northumberfand. The shop sells bikes that have been refurbished by staff and volunteers, and a range of servicing. Open four days a week Ihe shop offers volunteerlng and pal¢J employment for Oswtnners. Unique amongst our enierprtses, and a flrst for the region we employ a serving prisoner who is an apprenliceship, in partnership with Acttvate Cycle Academy. Since opening, the Shop has provided volunteering opportuntties to 4 people. and delivered 6 qualifmiions and donated 5 bikes to local prison leavers in need of personal transport. Vthatever pathway is taken, the Oswin Project provides a lailored package of 1.1 support and rnentoring. Where needs fall outside our area of experttse, (e.g.. housing. mentsl health) we work wilh partner organtsations to assure the best possible neOrk of support. Our process is long term, typically working with. individuals over 6 months. The goal is for service usgr8 to progress to employment outside of the O¢wn Project, having gained the neGessary personal and skills development to remwn employed and avoid reoffending.
OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 CHANGING PERCEPTIONS We enhance the impact of our wjrk through events aimed at advocacy and creating opportunities. UCL Centre for Education and Crfmlnal Justice As members of thé UCL Centre for Education and Criminal Justice. th8 Oswn Project co-organised "Building Hope.. The future of education in the criminal Justi system" a national conference that brought together over 100 deleqates from across the se¢Xor at UCL'S Institute of Education in September 2024. The Conferen addressed digital learning, neurodiversty, and embedding literacy and ICT skills challenges we encounter daily from supporting prisoners with undiagnosed leaming dTfficulties to ensuring digital literacy doesnl become another employment battler. CEO Fiona Sample joined a panel alongside leaders from SL Giles TrusL The diversty of speakers - from Ofsted inspectors to people lived experience - created the cross-sector dialogue needed to drive real change. Through our UCL Centre membership, The Oswtn Project continues contributing to vital knowledge exchange, ensuring our evidence-based approach infomis policy development while our practice is strengthened by cutting-edge research. Student Volunteers The Oswn Project hosted 15 students. S were on supeplised plarnent for their Psychology degree a Northumbria University. The others volunteered to enhance their studies, and came from Northumbria, Newcastle Sunderland universities and Dame Allans School. This gave them insight into th• r8aliti•s of working wthin tho criminal justieè system. Students contribute meaningfvlly to our operations while developing practical skills that complement their academic learning. They work direcuy with Oswinners. support cmjr enterprises, and Gontribute to evaluation pr¢xesses. For many students, these placements challenge pre¢0nptIOnS and they report that it improves their understanding of rehabilitation. Students bring current research knowledge while taktng our prackn"c&based insights back to their studies and we can ensure from this that our approach remains gUnded in both evidence and experienc8. SOCIAL IMPACT Our cliénts arÉ supported by our mentor manger. team 1oad•rs and volunto•rs with rèl•vant èxpèriènco. Our robust monitoring and evaluation process is continually reviewed arKI developed. Vile have supported 348 prisoners and prison leavers between May 2024-April 2025. CASE STUDY Our first meeting was fact finding. I hadnt heard of the OsVn Project. I had been going to the Probation Service and also Universal Credtt on a regular basis but they didnt help me at all. I had sent out my CV to numerous companies and attended a ¢OUPle of Job Fairs. I was lrterally dutching at straws, trailing the intemet and sItIng companies on fool aiid il Wd5rit unlil 1 5PDke wiLh Chri5 Qvei a GUP of coffee where the conversatior7 tumed to suFporting mp on training courses. At the end of this meeting, I was quile confident something positive could happen. I left prison nowhere to go. If it wasn't for my Mother and Father tho provided a roof over my head, I could quite easily have reoffended and ended up back in trouble wth the poli. I was determined to mend my ways and provlde<l I stopped taking drugs I could stay wilh them. The Oswin Project helped me by putting my name fonNard for the Demolition Course. They gave me the confidence to go for it and encouraged me along the way. There was a final exam for the course. it vS quite nenfe racking. but thankfully I passed the minimum marks quite easily. For the 183t years I have been in a bad place. Not able to gtst out of bed t5ome days. Nothing to got out of b¢)d for. Depressed, bored, no money, confidence rock bottom and very low esteem, your friends ar8 not always th8re for you and no one else to tslk to other than my parents.
OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 l am now in my second week of employment working fijll time on a demolition site in Ihe centre of Nknsue. My first achievement was turning up and completing the 2-week training course and passing the exam. Actually. I gained top marks in the group. l am now in paid employment and fully kttted out for work, it makes me feel part of the team. I work dosely wtth other employees who started at the same time as me. We get on well together and it is a pleasure going to work. I have just reIved my first salary, and my confidence is grow(ng all the time. My parents have notlce(J a masslve dIfferen 'ln my attllude and personallry too, talklng about my day at work and about my fellow colleagues instead of hiding away in my bedroom. They said to CR 'Thank you so much for your unwavering support. As a parent who wll never forget what the last years of sheer hell has been like, l cannot thank you and the Oswin Project enough...... l Gouldnt have done it wthout the support of the oswtn Project, from the initial first meeting right up to now th&y have been there. So grateful to Chris for contacting and checking on me, talking to me and encouraging me all the way. l am detemiined to do the best job I can. Public benefit The trustees are mindful of the legal requirement that all charities musl have charitable purposes which are fit for public beiiefit. We will conliiiue lo develop aiid exyciiid UUJ dUtivitiS eiibuririy Ui¥y iii¥el thiii 1¥4uif¥iTieiit wliile being of value to all involved. viable and contributing to our finap¢ial stabilty. FUNDERS APRIL 2024.2025 Thanks are owed to all our private donors and for the grarrts received from the followtng: Worshipful Company of Weavers, Hadrian Trust, The Rank Foundation, Tudor Trust, Christopher Rowbotham Charitable Trust. The Ventient Sisters North Steads Wind Farm Communty Benefrt Fund. Lloyds Bank Foundation for England & Wales, Platton Family Trust. Bromley Trust. Alchemy Trust, Worshipful Company of Drapers, James. Knott Trust, Sydney Black Charitable Trust, Diana Ashcroft Charitable Trust. Tudor Trust, Vardy Foundation, CLA, WA Handley Trus( Charles Hayward Foundation, Bernica. Barbour Foundation. Garfield Weston Trust. Reserves policy The Trustees reserves policy is to hold 4 months operation costs in reserve. Free reserves of the charity currently stand at £97,863. The 05win ProjeGt would like to thank those who have 50 generou51y given financial support over the year. We achieved sufficient grant funding to cover the core costs of our management and administration, in addition to the costs associated with the range of activities listed. Risk managemènt The 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 Charity ha5 adopted a risk management strategy. The risk management strategy forms part of Chariws overall intemal control stnjcture and corporate govemance arrangements. The strategy provides definitions of relevant terminology and details sponsibility and accountability wrthin the Charty. The strategy also describes the management process, induding tlie identifiGalioii aiid nieasureimenl of risks and Uie Inain rrspoitiiig arrciiigeiiieiitb. Ribk appetite ib Ilie leriii used lo determine the amount of risk that is appropriate for the Charity.
OSWIN PROJECTS TRUSTEE8' REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Structurei govemance and management The charity is uintrolled by its goveming documen( a deed of tru8( and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law. and Ytho served during the year and up to the date of signature of the financial statements were: MrAChri5P (Resigned 20 March 2025) Mr P Taylor Ms P Walker Mr H Humble Mr N W Goudie Mr W L Keenen Mr (Lt Col) G J Giles The Very Revd J B Hedges Uiesigned 27 September 2024) (Appointed 13 March 2025) (Appointed 14 January 20251 Recruitment and appointment of new trustees Occasionally it is necessary for the Charity to recruit new TNstees to replace those that have resigned during their term of offi, or due to a planned relirements after the completion of the fixed thre&year term (this can be eended by a further 3 years wrth Boam approval). Appointments are made to fill i(lentstied 5KIll need, with CV scrutiny then following interview procedures conducted by the Chair of Truslees, CEO and one other trustee. Organisation81 structure The Charity is govemed by a Board of Trustees. The Board meets a minimum of four times a ygar, or a$ is required, to deal with any spg¢ific issues. V6 hava estsbli8h8d sub committ8e8 covering Financg & Audit, Marketing & Communications, Govemance and Social Impact. Each truslee also has oversite for an enterprise. Trustees hold responsibilities for these different areas and report their findings and recommendations at Board meetings. The induction and training of Trustees is the responsibility of the Board and is arranged on an individual or collective basis as appropriate. Oryanisational structure The Charity is govemed by a Board of Trustees. The Board meets a rninimum of four times a year, or as 15 required, to deal with any specific issues. We have established sub committees covering Finan & Audit. Marketing & Communications, Governan and Soual Impacl. Each tnjstee also has oversite for an enterprise. Trustees hold responslbllltles lor these dlfferent areas ana report thelr finoings ana recommenaatlons at Board meeiings. The induction and training of Trustees is the responsibility of the Board and is arranged on an Individ*1 or collective basis as appropriate Concluslon The criminal Justi system stands at a erossroads. After decades of costly failure. the cuThent approach is unsustsinable and fundamentally failing those it claims to serve. The Oswn Project demonstrale5 that meaningful rehabilitalion through employment, training and community SUPPOrt offers a better way forward. From our work, we know Ihat people change when given genuine opportunities and the chance to contribute meaningfvlly to society. Real rehabilitalion happens through work. training. mentorship and the restoration of hope and purpose. The Oswin Project stands ready to be part of transfomatim. Our growing collection of enterprises provide a proven model for scaling rehabilitation through employment. Our growing financial sustainability demonstrates that ethical business practices and social impact work together. Most importanuy, ¢)ur staff emboty the change we seek to create. Never has our work been more vital. Never has the OPF)Ortunty for genuine reform been greater. The futur6 of criminal justice- and the communibes it seNes- depends on seizing this moment for lasting change.
OSWIN PROJECTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 The tru#tèÈs' rewrt was approved by the Board of Trust••s. 5 P Walker Trust00 Date:
OSWIN PROJECTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSWIN PROJECTS I report to thè trustéés on my éxamination of the finanaal stateménts of ogwin Projects (the charity) for thÈ year ended 30April 2025. Responsibilities and basi5 of report As the trustees of the charity (and also its directors for the purposes of cornpany law). you are responsible for the pparatIon of the financial ststements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial slatements carrted out under section 145 of the Charibe5 Act 2011. In carying out my examination I have followed the Direclions given by th& Charity Commission under section 145(51(b) of the Charftles Act 2011. Independent examlner's statement Since the chartys gross income excee¢Jed £250,000. Ine independent examiner must De a member of a body Ilsted in section 145 of the Charities Act 2011. 1 confinn that l am qualtfied to undertake the examination beGause l am a member of the Association of Chartered Certtfied Accountants. which is one of the listed bodies. I have completed my examination. I confimi thet no matters have ¢omo to my attention in connection wilh the examination giving mg causg to bgligvg that in any matorial rospgct. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord wth those records: or the financial statements do not comply with the accounting requirements of section 3g6 of the Comp2nies Act 2006 other than any requirement that the financial slatements give a true and fair view. which is not a matter considered as part of an independent examinalion.. or the financial statements have not been prepared in accordance with the rnelhods and principles of the Statement of Recommended practi for accounting and reporting by ChareS applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which atlention should be drawn in this reFnrt in order to enable a proper understsnding of the financAal Statements to be reached. NiGholas Cunnlngham FCCA Robson LaidlerAGGountants Limitsd Femwood House Femwood Road Jesinond Newcastle upon Tyne Tyne and Wear NE2 1TJ England Dated.. 114-10 -tr
OSWIN PROJECTS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Currentfinancial year Unrestricted . Restricted funds funds 2025 2025 Total Total 2025 2024 Notes Income and endobyments from: Donations and legaaes Other trading activities Investments Other income 374.722 461.755 1.025 30 47.000 421.722 461,755 1,025 30 228,132 351,510 1.870 2.291 Total income 837,532 47,000 884,532 583.803 Expenditure on: Charitable activities Project and running costs 828.056 75.355 903,411 649,311 Totsl expenditure 828.056 75.355 903,411 649.311 Net incomel(expenditure) and movement In funds 9,476 (28,355) (18,8791 (65,508) Reconciliation of funds: Fund balances at 1 May 2024 184,529 84,322 268,851 334,359 Fund balances at 30 Aprll 2025 194.005 55,967 249,972 268,851 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
OSWIN PROJECTS STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Prior financial year untrIcted funds 2024 Restricted funds 2024 Total 2024 Notes Income and end¢Jwments from: Donations and legacies Other trading acttwties Investments Other income 191.132 351.510 1.870 2.291 37.000 228,132 351,510 1,870 2,291 Total income 546,803 37.000 583,803 Expenditure on: Charitable acttvities 615,852 33.459 649,311 Total expendlture 615.852 33,459 649,311 Net incomel(expenditure) and movement in funds (69,049) 3,541 (65,508) Reconciliation of funds: Fund balances at 1 May 2023 253.578 80,781 334,359 Fund balances at 30 April 2024 184.529 84,322 268,851
OSWIN PROJECTS STATEMENT OF FINANCIAL POSITION ASAT30APRIL 2025 20Z 2024 Noie5 Flxed assets Tangible assets 10 96,142" 87.201 Current assets Stocks Deblors Cash at bank and in hand 11 12 27.900 47.270 107,162 9.613 64,937 182,536 182,332 257,086 Creditors: amounts falling due wlthln one year 13 (28,502) 175,436) Net Current assets 153.830 181,650 Total assets less current liabilities 249,972 268,851 The ftinds of the charlty Restricted income funds Unrestricted funds 16 16 55,967 194,005 84,322 184.529 249,972 268,851 The company is entitted to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025. The d1CtorS acknowledge their responsibilities for complying wth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial ststements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial ststements Vre approv8d by the trustees on .. É /.(.0/ IS s P Walker Trustee Company registration number 08021909 (England and IAPa18s)
OSWIN PROJECTS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30APRIL 2025 2025 2024 Cash flows from operating activities Cash absortjed by operations . (48.723) (29.101) Investing activities Purchase of tangible fixed assets Investment incom8 received {27,676) 1.025 (20.530) 1,870 Net cash used in investing activities (26.651) (18.8801 Not cash generated from financing activltles Net decrease In cash and cash equivalents (75.374) (47,761) Cash and cash equtvalents at beginning of year 182.536 230,297 Cash and cash equivalents at end of year 107,162 182,536
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accountlng pollcles Charity inforniation Oswn Projects is an incorporated charity (charity number 1158065). The registered office is based at The Estates Office. Bolhal Castle. MorpÈth. Northurnbedand. NE61 6qL 1.1 Accounting Convention The financial statemenls have been prepared in accordance with the charity's goveming document. the Companies Act 2006 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 (FRS 102) (effective 1 January 2019).. The charity is a Public Benefit Entty as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charty. Monetary amounts In these financial statements are rounded to the nearest £. The flnanclal Statements have been prepare(l under the hlstortcal cost conveniion. The pr]ndpal accountlng policies adopted are set out below. 1.2 Going concern At the time of approving the financial siatements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable kntU. Thus the trustees continue to adopt the going conrn basis of accounting in preparing the financial ststements. 1.3 Charitabla funds Unrestrioted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives_ Restricted fvnds are subject to speafic conditsons by donors or grantors as to how they" may be used. The purposes and uses of the restricted fvnds are set out in the notes to the financial statements. 1.4 IncomÈ" Incorne is recognised when the charty is legally enttued to il after any perfonnanc£ conditions have been met. the arnounts can be measured reliably, and 5t is probable that income will be received. 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructtve obligation committing the charity to that expenditure, il is probable that a transfer of economic benefils wll be required in setdement and the amount of the obligation can be measured reliabiy. Expenditure is accounted for on an accruals Ixsis and has been ctassified under headings that aggregate cost related to the category. Where costs cannot be cllrectiy attrtbuted to parucular headlngs Ihey have been allocated to acts"vits"es on a basis consistent Wilh th8 use of resources. Grants offered subject to condrtions which havÈ not b*n met at year end date are noted as commitment but not accrued as expenditure.
OSWIN PROJECTS NOTES TO THE FINANCtAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounting polici88 (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty m8a8ured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recogni1 so as to write off the cost or valuation of assets18ss their residual values over their useful lives on the following bases: Plant and equipmerrt Motor vehicles 10% straight line 25% reducing balanc 1.7 Impairment of fixèd assÈts At each reporting end date. the chartty reviews the rryIng amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to deteThine the extent of the impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 1.9 Cash and cash equivalents Cash and c2sh equivalents include cash in harKI, deposits held at call with banks, other short-temi liquid investments with original maturibes of three months or less, and bank overdrafts. Bank overdrafts are shown withln botrowlngs In wrrent IlaDllltles. 1.10 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Totsl Unr8strlctod Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 105.761 268.961 105,761 315,961 29,081 162,051 29,081 199,051 47,000 37.000 374,722 47,000 421,722 191,132 37,000 228,132
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Gardening and maintenan Cathedral Cafe HMPN Ccif8 Grcwing Out Bike shop Other inGonie 79.474 187.841 151,274 30,551 10.910 115,422 131,002 86,9Jre 15,158 2,970 Other trading activities 461,755 351,510 Income from investments Unrestrictsd Unrestrlcted funds funds 2025 2024 Interest ce[Vable 1,025 1,870
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Expendlturo on charitable aGtNities Charltabl8 actlvltles 2025 Charitable acttvItIos 2024 Direct costs Staff costs D8preciation and impaimient Repairs and renewals Insurance Premises and running Costs Decorating projo¢t Costs Bakèry proje¢t $tS Cathedral project costs 583.446 18,735 3.350 10.681 12.686 16,492 210,485 9,068 439,370 16,268 4,740 6,393 9,146 19,145 114,313 16,069 864,943 625,444 Share of support and governance costs Isee note 6) Support 38.468 23,867 903,411 649,311 Analy918 by fund Unrestricted funds Restricted funds 828,056 75,355 615,852 33,459 903,411 649,311 Support costs allocated to activities 2025 2024 Telephone Printing and advertising Legal and professional Independenl examiners fees General 1,186 4,458 8.592 2.325 21,909 1,033 1,567 1.219 5.913 14,135 38,468 23,867 Analysed between: Charitable activ¢ties 38.468 23.867 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the harity during the year.
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Employaes The average monthly number of employees during the year was: 2026 Number 2024 Number Manogement other 24 21 Tolal 26 22 Employmont costs 2025 2024 Wages and salaries Social security costs other pension costs 538,281 35.838 9.327 407,878 24,825 6.667 583,446 439,370 There were no employees whose annual rernuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregate Compensation 174,244 153,144 Taxation Tlie chai ily is exempl Iroiii laxdliun vIi its I1VIll¥> baul)e ¢111 itii is applied ftjr thaiitable PUTP05e5.
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 10 Tangible fixed assets Plant and equipment Motor vehicles Totsl Cost At 1 May 2024 Additions 97.373 16.516 38,486 11.160 135.859 27.676 At 30April 2025 113.889 49.646 163.535 Depreciation and impairment At 1 May 2024 DepCiatIon charged in the year 34.258 10.389 14.400 8,346 48.658 18,735 At 30April 2025 44.647 22.746 67,393 Carrying arnount At 30 April 2025 69,242 26.900 96,142 At 30 April 2024 63,115 24,086 87,201 11 Stocks 2025 2024 Raw materials and consumables 27.900 9.613 12 Debtors 2025 2024 Amounts falling due within one year. Trade debtors Other debtors prepanents and accrued income 13,271 1,719 32.280 10,268 54.669 47,270 64,937
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 13 Creditors: amounts falllng due within one year 2025 2024 Other taxation and social secuiity Trade creditors Othar croditors Accruals and deferred income 6,567 17.811 1.7gg 2.325 41,429 20.036 11.771 2,200 28,5n2 75.436 14 Retirement benefft schemes 2025 2024 D8finad contribution schemes Charge to profrt or loss in respect of defined contribution schemes 9,327 6.667 The charty operat8s a defined contribution pension scherne for all qualfying employees. The assets of the sch@m8 8r8 held separately from those of the ch8rity in an indepe.ndpnlly administerèd fund. 15 Restricted funds At 1 May 2024 Incoming resources Re50ur¢es expended At 30 April 2025 Bakery fund Mentor fijnd Project coordinator fvnd Wellbeing fund Bike shop fund 13,809 57.271 12.256 986 (13.8091 (27,106) (29,486) (986) {3.968) . 30.165 1.770 19,000 28.000 24,032 84,322 47.000 (75.355) 55.967 Previous year. At 1 May 2023 Incoming resources Resources expended At 30 April 2024 Bakery fund Mentor fund Project coordinator fvnd Wellbeing fvnd 25.000 54.795 (11.1911 (17,524) (4.744) 13.809 57.271 12,256 986 20.000 17,000 986 80,781 37.000 (33.459) 84.322
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 15 Restricted funds (Continued) Restricted funds Bakery fund - This fund represents fvnding recdved the development of the new bakery and for the tunnlng of me Cafe project. Mentor fund - This relates to funding recer¥ed to pay wages arKI asscciated costs t¢ywards the m8ntoring project. Project coordlnator fund This relates to funding received towards wages on intr(xJuction of a new coordinator role. Cathedral fund - This represents fundirvJ rece for the deveioFrfnent of the new cafe. Wellbeing fund - This represwts a one off grant received towards the wellbeing of staff and volunteers. Bllce shop fund - This represents grants received t(Miards the development and running costs of the bike shop. 16 Unrestricted funds At 1 May 2024 Incomlng Resources resources expended At 30Aprfl 2026 Gener81 fvnds 184,529 837,532 (828.056) 194,005 Previous year: At 1 May 2023 Incoming Resources resources expended At 30 Aprll 2024 General funds 253,578 546.803 (615,8521 184,529 17 Analysis of net assets between funds Unrestricted Restrfcted funds funds 2025 2025 Total 2025 At 30 April 2025". Tangible assets Current assetsl(Ilabllitles) 96,142 97,863 9S,142 153,'830 55,967 194,005 55,967 249,972
OSWIN PROJECTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 17 . Analysis of net assots beiwÈen funds (Continii•d Unrostrlcted funds 2024 Restrlcted funds 2024 Totsl 2024 At 30 April 2024: Tangible assets Current assetsl{liabilities) 87,201 97,328 87.201 181.650 84,322 184.529 84,322 268,851 .18 Related party transactiona During the year. the tharity employed Mrs C Chrisp, the spouse of trustee Mr A Chrisp (resigned 20 March 2025) . The Èmployment is on a nomial commercial bas. There were rKJ ¢ther related party transactions in the year to disclose. 19 Llablllty of members The Gharity is a private company limrted by guarantee. The liabilrty of the members. who are the Trustees, is limited and every member undertakes to contribute to the assets of the company. in the event of the company boing wound up while he or She is a rnember. or wthin one year after he or she ceases to be a member, for Ihe debts and liabilities of the company contracted before he or she ceased to be a member and of the costs, charges and expenses of winding up, and for the adjustment of the rights of Ihe contributors among Ihem&elves, suGh aniount as may be required not excevding oiie pouiid. 20 Cash absorbed by operatlons 2025 2024 D¢fiGil fvr tli¥ ye4 (18,879) (65,3081 Adjustments for: Investment income cOgniSed in slatement of financiai activibes Depreci8tion and impaimenl of tsngible fixed assets (1.025) 18.735 (1,8701 16,258 MDveMEnts in vlorking Gapital.- (Increase)Idecrease in stocks Decreasel(Increase) In detstors (Decrease)lincrease in credltors (18,2871 17,667 (46,934) 3,635 (25,796) 44,170 Cash absorbed by operatlons (48.723) (29,101) 21 Analysis of changes in net funds The tharity had no matertal debt during the year.
OSWIN PROJECTS LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr P Taylor Ms P Vvalker Mr N W Goudie Mr WL Keenen Mr (Lt Coll G J Giles The Very Revd J B Hedges (Appointed 13 Marth 2025) (Appointed 14 January 2025) Chlef execulive offlcer Fiona Sample Charity number 1158CES Company number 08021909 Reglstered offlce The Estates Office Bothal Castle Morpeth NorthUMberd England NE616SL Independent examlner Robson LaidlerAccountants Limited Fernwood House Fernwo Road Jesmond Newcaslle upon Tyne Tyne and Vkar England NE2 1TJ Banker3 H8ndelsbanken PLC 3 Thomas moore Square London E1VW 1WY