## **THINKING OF OSCAR** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** Charity No: 1160405 ## **THINKING OF OSCAR** ## **UNAUDITED FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**CONTENTS**|**PAGE**| |---|---| |General information|2| |Responsibilities of the Trustees|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the fnancial statements|6| Charity number: 1160405 1 ## **THINKING OF OSCAR** ## **GENERAL INFORMATION** Registered charity name Thinking of Oscar Charity number 1160405 Principal & registered office address Park Farm Akeman Street Kirtlington Oxfordshire OX5 3JQ Trustees David Cole Hannah Cole Jonathan O’Neill Nicola Tame Accountants SPX Oxford Ltd Peace House Paradise Street Oxford OX1 1LD Independent examiner Sheila Parry FCCA Bankers Barclays Charity number: 1160405 2 **THINKING OF OSCAR** ## **RESPONSIBILITIES OF THE TRUSTEES** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **INDEPENDENT EXAMINATION** Sheila Parry will be considered for re-appointment at the next trustees’ meeting as independent examiner for the ensuing year. Signed on behalf of the trustees …………………………………….. Date ……………………………. Charity number: 1160405 3 ## **THINKING OF OSCAR** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ||**Unrestrict**
**ed**|**Restrict**
**ed**|**Total**
**Funds**|**Unrestrict**
**ed**|**Restrict**
**ed**|**Total**
**Funds**| |---|---|---|---|---|---|---| ||**Funds**|**Funds**|**2022**|**Funds**|**Funds**|**2021**| |Not
e|**£**|**£**|**£**|**£**|**£**|**£**| |**Income from:**||||||| |Donations and
legacies
3|8,082|-|8,082|2,951|-|2,951| |Investments - bank
interest received|321|-|321|638|-|638| |Total income|8,403|-|8,403|3,589|-|3,589| |**Expenditure on:**||||||| |Raising funds
4|216|-|216|456|-|456| |Charitable
activities
5|25,003|-|25,003|3,139|-|3,139| |Total expenditure|25,219|-|25,219|3,595|-|3,595| |**Net income /**
**-expenditure**|- 16,816|-|-
16,816|- 6|-|- 6| |**Transfers between**
**funds**|-|-|-|-|-|-| |**Net movement in**
**funds**|- 16,816|-|-
16,816|- 6|-|- 6| |**Reconciliation of**
**funds:**||||||| |Total funds brought
forwards|248,381|-|248,3
81|248,387|-|248,38
7| |**Total funds carried**
**forward**|231,565|-|231,56
5|248,381|-|248,38
1| The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 6 to 9 form part of these financial statements. Charity number: 1160405 4 ## **THINKING OF OSCAR** ## **BALANCE SHEET AS AT 31 MARCH 2022** ||**2022**|**2022**|**2021**|**2021**| |---|---|---|---|---| |Not
e|**£**|**£**|**£**|**£**| |**Current assets**||||| |Stocks and work in progress|5,301||5,301|| |Cash at bank and in hand|226,75
5||243,92
0|| ||232,05
5||249,22
1|| |**Creditors: Amounts falling due**
**within oneyear**
6|490||840|| |**Net current assets**||231,56
5||248,38
1| |||||| |**Net assets**||231,56
5||248,38
1| |**The funds of the charity**||||| |**Funds**||||| |Unrestricted income funds
7||231,56
5||248,38
1| For the year ended 31 March 2022 the charity was entitled to exemption from audit under section 145 of the Charities Act 2011. Trustees responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145; and - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements were approved by the members of the committee and authorised for issue on …………………. and are signed on their behalf by: ……………………………….. Trustee Charity number: 1160405 5 **THINKING OF OSCAR** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ORGANISATION STATUS** Thinking of Oscar is a Charitable Incorporated Organisation. ## **2. ACCOUNTING POLICIES** ## **Basis of accounting** These financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statements of Recommended Practice 2015 (SORP 2015), ‘Accounting and Reporting by Charities’, issued by the Charities Commission. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. ## **Income** All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations and legacies are reported in the Statement of Financial Activities if they are received or due in the financial year. ## **Going concern** The trustees consider that there are no material uncertainties as to the charity’s ability to continue as a going concern. ## **Fixed assets** Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. ## **Depreciation** Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Office equipment – 25% straight line Computer equipment – 33% straight line ## **Expenditure** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax. ## **Taxation** The Charity is exempt from corporation tax on its charitable activities. Value Added Tax is not recoverable by the Charity and as such is included in the relevant costs in the statement of financial activities. Charity number: 1160405 6 ## **THINKING OF OSCAR** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022** ## **3. INCOME FROM DONATIONS AND LEGACIES** ||**Unrestri**
**cted**|**Restric**
**ted**|**Total**
**Funds**|**Total**
**Funds**| |---|---|---|---|---| ||**Funds**|**Funds**|**2022**|**2021**| ||**£**|**£**|**£**|**£**| |Donations|8,082|-|8,082|2,951| ||8,082|-|8,082|2,951| ## **4. EXPENDITURE ON RAISING FUNDS** ||**Unrestri**
**cted**|**Unrestri**
**cted**|**Restri**
**cted**|**Restri**
**cted**||**Total**
**Funds**||**Total**
**Funds**
**2021**
**£**
360
831
- 735
456| |---|---|---|---|---|---|---|---|---| ||**Funds**||**Funds**|||**2022**||| ||**£**||**£**|||**£**||| |Just giving fees|216||-|||216||| |Merchandise|-||-|||-||| |Stock movement|-||-|||-||| ||216||-|||216||| |**5. EXPENDITURE ON CHARITABLE ACTIVITIES**||||||||| |||**Unrestri**
**cted**||**Restri**
**cted**||**Total**
**Funds**||**Total**
**Funds**| |||**Funds**||**Funds**||**2022**||**2021**| |||**£**||**£**||**£**||**£**| |**Direct costs**||||||||| |Donations awarded||19,200||-||19,20
0||2,630| |**Support costs**||||||||| |Digital content development||5,060||-||5,060||-| |Sundry expenses||40||-||40||89| |Governance costs:||||||||| |Accountancy||703||-||703||300| |Independent Examiner's fee||-||-||-||120| |||25,003||-||25,003||3,139| **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022** ## **6. CREDITORS** Charity number: 1160405 7 ## **THINKING OF OSCAR** |||||**2022**||**2021**|| |---|---|---|---|---|---|---|---| |||||**£**||**£**|| |Other creditors||||490||840|| ||||||||| |||||490||840|| |**7. UNRESTRICTED INCOME FUNDS**|||||||| ||**At 1**
**April**
**2021**|**Inco**
**me**|**Expendi**
**ture**||**Transf**
**ers**||**At 31**
**March**
**2022**| ||**£**|**£**|**£**||**£**||**£**| |**General Funds**|||||||| |Unrestricted income fund|248,3
81|8,403|25,089||-||231,6
95| |**Restricted Funds**|||||||| ||-|-|-||-||-| |**Total funds**|**248,**
**381 **|**8,40**
**3**|**25,089**||**-**||**231,**
**695**| ## **8. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS** No member of the board of trustees received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. ## **9. CONTINGENCIES** The trustees have confirmed that there were no contingent liabilities which should be disclosed at 31 March 2022. ## **10. CAPITAL COMMITMENTS** The trustees have confirmed that there were no capital commitments at 31 March 2022. ## **11. POST BALANCE SHEET EVENTS** Since the balance sheet date no events have occurred which would have a material effect on these financial statements. Charity number: 1160405 8