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 a￿1VItieS
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 ne￿6 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 ne￿rk 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 sUp￿rt 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 NvillluiliL￿ilClI7[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 be￿een 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 li￿nCe)
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 NeWCaS￿e 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 ne￿Ork 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 pla￿rnent 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¢0n￿ptIOnS 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 g￿Unded 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 OsV￿n 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 v￿S 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 re￿Ived 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 dUtiviti￿S 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
e￿ended 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
p￿paratIon 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 Char￿eS 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 -t￿r

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
un￿trIcted
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 d1￿CtorS 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 V￿re 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 con￿rn 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 recogni￿1 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 Ind￿atIOn
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 I￿￿￿1VIll¥> b￿aul)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
Dep￿CiatIon 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
prepa￿nents 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
NorthUMber￿d
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