REGISTERED CHARITY NUMBER: 1163287
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
The Offshoot Foundation
Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR
The Offshoot Foundation
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
| Detailed Statement of Financial Activities | 15 |
The Offshoot Foundation
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity aims to empower, enthuse, and inspire disadvantaged people to develop life skills and raise aspirations using a range of creative media in order to better equip them to reach their full potential.
The objectives of the charity is to engage with disadvantaged people using creative media to:
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Teach the attendees technical and communication skills
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Build confidence
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Develop team leading skills
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Using people who have already completed courses to mentor new participants
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To build up the mentors work experience, to be included in their CVs and portfolios
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Can help encourage the mentor into further education in media courses or into work.
Significant activities
During the prior year, the charity engaged with many Councils, Schools and youth groups to provide courses mainly across the East Anglian region as well as London and Birmingham. The charity continues to grow, and a new funding stream was from the Healthy Activity Fund. (HAF)
Public benefit
The main activities for the year are to provide film courses to disadvantaged people and children, help them build skills useful in a workplace environment as well as everyday life.
The key actions employed to achieve the Charity's objectives are to:
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Provide free film courses to people in disadvantaged areas in conjunction with local Councils.
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Gain access to Schools to also run film workshops.
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Involve previous participants of the courses to come back to help as Mentors to develop their skills and experience further.
In doing this the Trustees have had regard to the guidance provided by the Charities Commission on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity was established on 25 August 2015 as a CIO, and this is the current form it operates under. However, the charity was initially established in 2008.
Paul Press is the charity's Chief Executive and is involved in running many of the film courses himself. He has many useful contacts and has used these as well as other leads to generate a good level of interest in the film workshops both from Local Councils and Schools.
The level of the film workshops has grown and seen a marked improvement in this financial year, but more importantly, the courses have proved popular with attendees. This has allowed previous Participants of the courses to come back as Mentors more often and assist Paul in running these.
The charity continues to try and promote its film workshops further and is applying for grants and service level agreements to try and achieve this with a good level of success. However, the trustees accept that the current economic outlook as it develops could impact the availability of funds to apply for.
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The Offshoot Foundation
Report of the Trustees for the Year Ended 31 March 2025
FINANCIAL REVIEW
Financial position
The charity continues to attract income from providing film workshops mainly in the form of grants. Income has increased in the year to £222,501 compared to £158,372 the year before.
A profit for the financial year of £43,239 has been made, compared to a loss of £5,534 the year before.
Total unrestricted funds at year-end were £76,369 compared to £33,130 the year before. There are no restricted funds.
Principal funding sources
The principal funding sources for the charity are grants to enable it to meet its charitable objectives. During the year these grants were chiefly from Norfolk County Council, Enfield Borough Council, Suffolk County Council, West Suffolk Council, East Suffolk Council, Academies, and Schools. A new funding notable funding stream was from the National Lottery.
The charity does not carry out significant fundraising activities with the public.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about the charity's ability to continue operating. For this reason, the Trustees continue to adopt the going concern basis in preparing the financial statements.
FUTURE PLANS
The Offshoot Foundation is entering a new phase of growth and development. Building on the foundations laid in previous years, the charity is expanding its reach both geographically and financially. We are increasing revenue through a more diverse range of funding streams and growing our financial reserves to ensure greater long-term sustainability.
Geographically, we are strengthening our presence in Suffolk and Norfolk while expanding into new local areas such as Cambridge and Norwich. We are also laying the groundwork for a northern expansion, beginning with planned activity in Leeds. These developments will allow us to engage more young people across the UK, particularly those from disadvantaged backgrounds.
Alongside our geographical growth, the charity remains committed to securing significant funding for impactful, inclusive projects. Following the success of initiatives like Deaf Perspectives, we aim to lead and deliver more large-scale programmes that give voice to underrepresented communities.
A new strategic plan is in development for 2026-2028 to guide this growth and ensure the charity continues to inspire, empower and equip young people with the skills, confidence and opportunities to thrive through film and creative media.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
These accounts present the results for a full year of trading.
The financial statements have been prepared in accordance with the accounting policies set out herein and comply with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2015).
Charity constitution
The Offshoot Foundation became a Charitable Incorporated Organisation (CIO) with UK registered charity number 1163287 in August 2015 and is governed by its Constitution which was adopted on 25 August 2015.
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The Offshoot Foundation
Report of the Trustees for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
As set out in the Constitution the Board of Trustees must comprise at least 3 and not more than 12 individuals. If the number falls below this minimum, the remaining trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee. Trustees are appointed for an initial term of 4 years, and are selected based on their skills, knowledge, and experience, to provide the CIO with a broad skill set needed for its effective administration.
Trustees who served during the year were: K Walters (appointed 31 January 2025) P Nicholas (appointed 01 January 2013, resigned 31 January 2025) C Orrin (appointed 09 January 2025) P I Brown (appointed 01 December 2015) J.Mckellar (appointed 13 December 2022) L J Beales (appointed 09 June 2023) A Cloke (appointed 01 January 2013, resigned 31 January 2025)
Organisational structure
The Board of Trustees administer the CIO. The Board meets at least four times a year for a full Board meeting.
The Offshoot Foundation is managed on a day-to-day basis by Paul Press, Chief Executive. He reports to the Board of Trustees at their quarterly meetings. The Trustees are responsible for the charity's strategic direction and overall policies. There is a fundraising sub-committee that meets bi-monthly. Paul Press is the lynchpin between the Trustees, the session workers, and the young people, as well as being the representative for the organisation with other professionals.
The Board is responsible for the employment and terms and conditions of the Chief Executive and general pay and remuneration terms of all employees.
Decision making
The board of trustees is the principal decision-making body of the charity. Any decisions taken by the trustees in the running of the charity are done so in regular meetings of the trustee board.
Induction and training of new trustees
There is an informal induction process for new Trustees, each meeting with the Chairman of the Board prior to attending their first full board meeting. Copies of the CIO's Constitution, latest Annual Report and statement of accounts are made available to the new trustee.
During the first Board meeting, the new trustee will meet key employees and the other trustees. Trustees are also provided with a copy of the Charity Commission publication CC3 "The Essential Trustee". Further training opportunities are identified throughout the year and various trustees will attend seminars providing feedback at relevant board meetings.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1163287
Principal address
19 Kings Hill Great Cornard Sudbury Suffolk CO10 0EH
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The Offshoot Foundation
Report of the Trustees for the Year Ended 31 March 2025
Trustees
Paul Nicholas (Chair) (resigned 31.1.25) Paul Irving Brown Ann Cloke (resigned 31.1.25) Leighann Jayne Beales James McKellar C Orrin Trustee (appointed 9.1.25) Keiran Waters (appointed 31.1.25)
Independent Examiner
Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR
Approved by order of the board of trustees on 21 October 2025 and signed on its behalf by:
James McKellar - Trustee
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Independent Examiner's Report to the Trustees of The Offshoot Foundation
Independent examiner's report to the trustees of The Offshoot Foundation
I report to the charity trustees on my examination of the accounts of The Offshoot Foundation (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J Knights ACA, BSc
Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR
Date: .............................................
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The Offshoot Foundation
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 222,501 EXPENDITURE ON Charitable activities 4 Providing courses 179,262 NET INCOME/(EXPENDITURE) 43,239 RECONCILIATION OF FUNDS Total funds brought forward 33,130 TOTAL FUNDS CARRIED FORWARD 76,369 |
Restricted fund £ - - - - - |
2025 Total funds £ 222,501 179,262 43,239 33,130 76,369 |
2024 Total funds £ 158,372 163,906 (5,534) 38,664 33,130 |
|---|---|---|---|
The notes form part of these financial statements
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The Offshoot Foundation
Balance Sheet
31 March 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 8 17,337 - CURRENT ASSETS Debtors 9 4,161 - Cash at bank 75,838 - 79,999 - CREDITORS Amounts falling due within one year 10 (20,967) - NET CURRENT ASSETS 59,032 - TOTAL ASSETS LESS CURRENT LIABILITIES 76,369 - NET ASSETS 76,369 - FUNDS 11 Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 17,337 4,161 75,838 79,999 (20,967) 59,032 76,369 76,369 76,369 76,369 |
2024 Total funds £ 14,539 1,611 30,281 31,892 (13,301) 18,591 33,130 33,130 33,130 33,130 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 October 2025 and were signed on its behalf by:
James McKellar - Trustee
The notes form part of these financial statements
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The Offshoot Foundation
Notes to the Financial Statements for the Year Ended 31 March 2025
1. GENERAL INFORMATION
These financial statements cover the individual charity; The Offshoot Foundation only.
All transactions are reported in £ Sterling, rounded to whole pounds only.
The financial statements comply with the provisions of SORP 2019.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7;
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the requirement of paragraph 24(b) of IFRS 6.
Income
All income is recognised in the Statement of Financial Activities once all of the following criteria have been met:
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The charity has entitlement to the funds
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Any performance conditions attached to the items of income have been met or are fully within the
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control of the charity
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There is sufficient certainty that receipt of the income is considered probable
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The amount can be measured reliably
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and is classified by activity. The costs of each activity are made up of direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated directly to that activity.
continued...
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The Offshoot Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - continued
Expenditure
Support costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between activities on a basis consistent with the use of the resources.
Central staff costs are allocated on the basis of time spent and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any support costs.
All expenditure is inclusive of irrecoverable VAT.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The costs of raising and administering such funds are charged against the specific fund.
There are currently no restricted funds held in the charity.
Going concern
After making appropriate enquiries and taking into consideration future income streams, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted a going concern basis in preparing the financial statements.
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
continued...
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The Offshoot Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Norfolk County Council Enfield Borough Council Victoria Acadamies Gorseland Primary School Suffolk County Council National Lottery Suffolk Community Foundation Sinfornia Viva West Suffolk County Council Breckland Youth Advisory Board John Egging Trust Laura Jackson City University Langdon Community Eastern Angles Woodbridge Road Academy East Suffolk County Council Percy Bilton Ashley Family Foundation Acorn Park School Chelmsford City Council Combert Village College Norfolk Community Foundation Western Family Trustees Aquarius Charitable Foundation Axix Foundation Bury Homeschool Workshop Heritage Lottery Fund Seckford Education Trust |
2025 £ 32,055 190,446 222,501 2025 £ 36,643 2,135 - 2,300 25,481 19,650 3,125 2,000 11,755 - 1,091 - - - - 585 26,809 - - - 1,135 2,000 1,000 15,000 650 5,396 700 31,601 1,390 190,446 |
2024 £ 17,964 140,408 158,372 2024 £ 22,755 4,524 4,400 2,300 39,876 9,953 - 300 15,746 2,500 200 1,600 1,000 100 500 570 21,306 4,629 4,126 3,523 500 - - - - - - - - 140,408 |
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continued...
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The Offshoot Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. CHARITABLE ACTIVITIES COSTS
| Support Direct costs (see Costs note 5) £ £ Providing courses 86,840 92,422 5. SUPPORT COSTS Governance Management costs £ £ Providing courses 86,215 6,207 Support costs, included in the above, are as follows: 2025 Providing courses £ Wages 47,000 Social security 231 Pensions 1,093 Room hire 10,386 Rates and water 1,825 Insurance 1,145 Computer costs 1,326 Postage and stationery 1,067 Advertising 1,009 Sundries 1,299 Travel and subsistance 6,370 Depreciation of tangible and heritage assets 10,620 Subscriptions 2,844 HMRC interest - Accountancy and legal fees 6,207 92,422 |
Totals £ 179,262 Totals £ 92,422 2024 Total activities £ 42,000 - 1,073 9,082 1,620 1,005 1,261 1,126 851 2,700 6,291 10,837 2,305 218 5,648 86,017 |
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6. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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The Offshoot Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 158,372 EXPENDITURE ON Charitable activities Providing courses 163,906 NET INCOME/(EXPENDITURE) (5,534) RECONCILIATION OF FUNDS Total funds brought forward 38,664 TOTAL FUNDS CARRIED FORWARD 33,130 8. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Restricted Total fund funds £ £ - 158,372 - 163,906 - (5,534) - 38,664 - 33,130 Plant and machinery £ 45,502 13,419 58,921 30,963 10,621 41,584 17,337 14,539 |
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continued...
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The Offshoot Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 33,130 33,130 Incoming resources £ 222,501 222,501 At 1.4.23 £ 38,664 38,664 |
2025 2024 £ £ 3,649 1,611 512 - 4,161 1,611 2025 2024 £ £ 1,264 1,386 3,432 2,207 16,271 9,708 20,967 13,301 Net movement At in funds 31.3.25 £ £ 43,239 76,369 43,239 76,369 Resources Movement expended in funds £ £ (179,262) 43,239 (179,262) 43,239 Net movement At in funds 31.3.24 £ £ (5,534) 33,130 (5,534) 33,130 |
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continued...
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The Offshoot Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 158,372 158,372 |
Resources Movement expended in funds £ £ (163,906) (5,534) (163,906) (5,534) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 1.4.23 £ |
Net movement At in funds 31.3.25 £ £ |
|---|---|---|
| General fund | 38,664 | 37,705 76,369 |
| TOTAL FUNDS | 38,664 | 37,705 76,369 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 380,873 380,873 |
Resources Movement expended in funds £ £ (343,168) 37,705 (343,168) 37,705 |
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12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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The Offshoot Foundation
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Total incoming resources EXPENDITURE Charitable activities Media equipment purchases Course providers & contractors Support costs Management Wages Social security Pensions Room hire Rates and water Insurance Computer costs Postage and stationery Advertising Sundries Travel and subsistance Plant & machinery depreciation Subscriptions Finance HMRC interest Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2025 £ 32,055 190,446 222,501 222,501 21,633 65,207 86,840 47,000 231 1,093 10,386 1,825 1,145 1,326 1,067 1,009 1,299 6,370 10,620 2,844 86,215 - 6,207 179,262 43,239 |
2024 £ 17,964 140,408 158,372 158,372 10,676 67,213 77,889 42,000 - 1,073 9,082 1,620 1,005 1,261 1,126 851 2,700 6,291 10,837 2,305 80,151 218 5,648 163,906 (5,534) |
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This page does not form part of the statutory financial statements
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