THINKING OF OSCAR UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity No: 1160405 THINKING OF OSCAR UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGE General information Responsibilities of the Trustees Statement of Financial Activities Balance Sheet Notes to the financial statements Charity number: 1160405 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 OXI ILD Independent examiner Sheila Parry FCCA Bankers Barclays Charity number: 1160405 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 THINKING OF OSCAR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total Funds 2024 Total Funds 2023 Unrestrlrted Restrlcted Unrestrirted Restricted Funds Funds Funds Funds Note Income from: Donations and legacies Investments- bank interest received 1,159 1,159 2,198 2,198 436 436 352 352 Total income 1,595 1,595 2,550 2,550 Expenditure on: Raising funds Charitable activities 216 216 216 216 1,182 1,182 48,911 48,911 Total expenditure 1,398 1,398 49,127 49,127 Net Income /-expenditure Transfers between fvnds Net movement in fvnds 197 197 - 46,577 - 46,577 197 197 - 46,577 - 46,577 Reconciliation of funds: Total funds brought forwards 184,988 184,988 231,565 231,565 Total funds carried forward 185,185 185,185 184,988 184,988 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 8 form part of these financial statements. Charity number: 1160405 THINKING OF OSCAR BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Current assets Stocks and work in progress Debtors: Amounts falling due within one year Cash at bank and in hand 5,301 5,301 358 180,198 185,857 180,177 185,478 Creditors: Amounts falling due within one year 672 490 Net current assets 185,185 184,988 Net assets 185,185 184,988 The funds of the charity Funds Unrestricted income funds 185,185 184,988 For the year ended 31 March 2024 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 11 .Ql.29nd are signed on their behalf by: Trustee Charity number: 1160405 THINKING OF OSCAR NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I. 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 2019 (SORP 2019), '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 charitws 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¥0 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 THINKING OF OSCAR NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 3. INCOME FROM DONATIONS AND LEGACIES Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Donations 1,159 1,159 2,198 1,159 1,159 2,198 4. EXPENDITURE ON RAISING FUNDS Total Funds 2024 Tota I Funds 2023 Unrestricted Funds Restricted Funds Just giving fees 216 216 216 216 216 216 5. EXPENDITURE ON CHARITABLE AcfiviTIES Total Funds 2024 Total Funds 2023 Unrestrirted Funds Restricted Funds Dirert costs Donations awarded 44,521 Support costs Digital content development Filming Professional fees Governance costs: Accountancy 3,900 600 400 600 400 182 182 490 48,911 1,182 1,182 Charity number: 1160405 THINKING OF OSCAR NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 6. DEBTORS 2024 2023 Accrued income 358 358 7. CREDITORS 2024 2023 Other creditors 672 490 490 672 8. UNRESTRICTED INCOME FUNDS At31 March 2024 At l April 2023 Income Expenditure Transfers General Funds Unrestricted income fund 184,988 1,595 1,398 185,185 Restricted Funds Total funds 184,988 1,595 1,398 185,185 9. TRUSTEE REMUNERATION & RELATED PARTY TRANSAcfioNS 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. 10. CONTINGENCIES The trustees have confirmed that there were no contingent liabilities which should be disclosed at 31 March 2024. 11. CAPITAL COMMITMENTS The trustees have confirmed that there were no capital commitments at 31 March 2024. 12. POST BALANCE SHEEf EVENTS Since the balance sheet date no events have occurred which would have a material effect on these financial statements. Charity number: 1160405