REGisfERED CHARrrY NUMBER.. 1182892 rt of the Trustees and rEn nTr ChapmaTh Robinson and Moore Umiied 30 8ankside Court ststionfiÈlds Kidlington Oxlord OX5 IJE
OxhavÈn Trust Contents of the Financial Statements for the Year Ended 30 November 2023 Report of the Trustees Independent Examiner's Report Statement of Financial ActNlties Balance Sheet C¥$h Flow 5tOtement Notes to the Cash Flow Statement Notes to the Flnan¢ial Statements 9 to 15 Detailed Statement of Financlal Attivbties 16
Oxhaven Trust ort of the Trustee5 for the Year Ended 30 November 2023 The trustees present their rÈport wfth the finantial statefflents of thÈ tharity for thÈ yèar endÈd 30 November 2023. Thè trustees have adopted the provision5 of the Staternènt of RecommÈnded Practiie ISORPI 'Accountin8 ènd Reportine by Chèrities, which is applicable to Charities preparing their accounts In accordènce wlth the Financial Reporting Standard applicable in the UK and Ireland IFRS1021 leffective l January 20191, and with the Charities Act 2011. O&JECTIVES AND ACTivmES Oblectlves and alms The objects of the chèrity I'the objerts'l are.. l. The prevention or relief of poverty anywhere in the world by providing.. 8rant5, Items and seryice5 to Individuals in need andlor tharities, or other or8anisatiofis workin8 to prevent or relieve poverty. 2. The advancement of health including the prevention or relf of sickness, disease or human sufferlng, as well as the promotion of health by providinB.' 8raThts, item5. seryice5 and facilities to ease the 5ufferinE or ssist the recovery of people who are sicl convalescent. disabled or infirm or to provide comforts for patients. 3. To promote social inclusion for the public benefit by preventin8 people from becornin8 socially ex¢luded, relievingthe need5 of those people who a socialty excluded assi5tin8 them to integrate into soclety. For the purpose of thls clause 'sociall¥ eKluded' means being excluded from soclety, or part of soclety, as a result of being a mernber ol a socially and economicall¥ deprived community. 4. To promote for the benefit ol the public the conservation. protection and irnprovement ol the phy5i¢al ond natural environment. S. To advance the Christian reli8ion for the benefit of the public in accordance with the doctrines of the Church of En8land. The charity does not raise funds directly frorn the public. Publlc btrbefft The trustees have complied wrth their duty ITh section 4 of the 2t¢)6 Att to have due re8ard to guldance on public benefit published by the Cornmission. ACHIEVEMENT AND PERFORMANCE The charity pr1ncipally provides a benefit by makin8 housin8 available at affordable rents to those who are vulnerably housed or having difficulty findinB housing. Housing continue5 to be provided to refugee5 relocated from Syria and Afghanistèn under UK ResettiÈmÈnt SchÈmÈs as well as a property lot to an ex-pri50ner. All of ihese found accessin8 hounE diffKult and by ihe charity has provided homes nd 5t?bility for the tenants and their families. FINANCIAL REVIEW Reserves pollcy The charity m3int3in5 Sufficient reserves to ensure that the requistte rnaintenance of its properties can be undertaken in a timelyway and to ensur that it is able to meet the interest payments on its loans. PaEe I
Oxhaven Trust ort of the Trustee5 for the Year Ended 30 November 2023 FINANCIAL REVIEW The charity ach*ved a surplus for the year of £15.68212022 £940.5391. At thè end of the year. the tharity had tash bank reserves of £8.48512022 £12.7131. The trustees ère confident of the ability of the charity to continue as a going concern in the foreseeable future. STRVCTURE, GOVERNANCE AND MANAGEMENT Governlng docurnent The charity is controlled by its g¢)¥ernin8 document. a deed of trusi dated 17 March 2020 ènd constitutes an unincorporated charity. Reerultmertt and appolntment of new trnstees The procedures for the selection and appointment of trustees are set in the governing document. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure ppropriate conrro15 are in place to provide reasonable a55urance against fraud and error. REFERENCE AND ADMINISTrATIVE DEfAIiS Re6lstered Charlty number 1182892 Prlnclpal addre55 105A Lonsdale Road Oxford OX2 7ET Trustees C 8ri8ht Profe550r S Bright 5 8right Independent Examlner Alan P. Sowden FCCA CTA Chapm3n Robinson and Moore knmited 30 6ank5ide Court Kidlin8ton Oxford OX5 IJE PaEe 2
OxhavÈn Trust ort of the Trustee5 for the Year Ended 30 November 2023 Approved by order of the board of trustees on 13 August 2024 and signed on its beha by. C Brlght- Trustee PaEe 3
Inde endent Examiner's Re Oxhaven Trust ort to the Tru5tee5 of Independent examiner's report to the tru51ees of Oxhaven Trust I report to the charity trustees on my examination of the accounts of Oxhaven Trust (the Trustl for the year ènded 30 November 2023. Re5pon51bllltles and basls ol report As the charily trustees of the Trust you are responsie for the preparatlon of the accounts Sn accordance with the requirements of the Charities Act 20111.the Art'l. I report In respect of my examination of the Trust's accounts (arried under Section 145 of the Act and In ¢arrying out rny examination I have followed all appllcable Dlrectlons given by the Charity Commission nder Section 14515llbl of the Act. Independent eMamlnÈls statement I have completed my examination. I confirni that no material matters have come to my attentSon In connection with the examination 8ivin8 me Cause to lIeve that In any materlal respett: accountSn8 records were not kept in respect of the Trust as required by Section 130 of the Acl,. or the accounts do nol accord with those records,. or the accounts do not comply with the applicable requlrements concerning the form and content of accounts Set out In the Charities IAccounts and Reports) Regulations 2(Q8 other ihan any requlfement that the accounts ¥Nè a true and hir view which is not a matter considered a5 Part ol an Independent examination. I have no conterns and have come across no other matters in connection with the examinatton to whSch attentlon should be drawn In thi5 report in order to enable a proper understandin8 of the actounts to be reached. Alan P. Sowdèn FCCA CTA Chapman Robinson and Moore Limited 30 8ankside Court Stationfields Kidlin8ton Oxford OX5 IJE Date= 13 August 2024 Page 4
Oxhaven Trust Staternerit of Financial Activitie5 for the Year Ended 30 November 2023 30111123 30111122 Unrestricted fund Total funds Note5 INCOME ANO ENDOWMENTS FROM Donètions and legacies 9.659 965,483 InvÈstmÈnt income 66,463 33,367 To¢al 76.122 998.850 EXPENDITURE ON Raising funds Charltable actIvIeS Charitable donations 58.311 Other To¢al 60,440 58,311 NET INCOME 15.682 940,539 RECONCILIATION OF FUNDS Total funds brought forward 1.754.253 813.714 TOTAL FUNOS CARRIED FOAWARD 1,769.935 1,754,253 The rKrtes forrn part of these finaniial statetrbents PaEe 5
OxhJvÈn Trust Balance Sheet 30 November 2023 30111123 30111122 Unrestricted fund Total funds Note5 FIXEDASSETS Investment property io 2,668.3 2.187,956 CURRENT ASSErs Debtors Cash at bank li 24,000 12,713 8,485 8,485 36.713 CREOITORS Amounts falling due within one yea 12 1112.1961 147.5621 NET CURRENT A55Ers 1103.7111 110.8491 TOTALASSETS LESS CURRENT LIA8IUTIES 2,$64,589 2,177,107 CREDITORS Amount5 fallin8 due after rnore than one ytèr 13 1794.6541 1422,B541 NET ASSErs 1.769.935 1.754,253 FVNDS Unrestricted lund5 Is 1,769,935 1,754,253 TOTAL FUNOS 1.769,935 1,754,253 The financial statements were approved by the Board of Trustees and authorised for issue on 13 Au8USt 2024 and were slgned on Sts behalf by.. C Bright- Trustee The rKrtes forrn part of these finaniial statetrbents PaEe 6
OxhJvÈn Trust Cash Flow Staternent for the Year Ended 30 November 2023 30iiin3 30111122 Notes Cash flows from operating arti¥ities C35h 8èneratÈd from oprations 80,449 47.8341 934,324 110,3411 Net cash provided by operating activitie5 32,615 923,983 Cash flows Irum investinBartwities Purchase of investment propertv Interest received 1480.3441 11.392,9561 Net cash used in investin8 auivilS 1480.3431 11,392,956) C•$h llows from finan¢lni •(tIVleS New loans In year 443.SC(I 462,354 Net cash provlded by linanciw actvitie5 443,500 462.354 Change In ¢ash and ¢sh ¢gySv•knts In the reportln8 perfjod Cash and cash equlvalents at the be8lnnln¥ otthe reportln8 perlod 14.2281 16,6191 12.713 19,332 Cash and cash equlvalents at the end of the reportlTh8 perlixl 8,485 12,713 The rKrtes forrn part of these finaniial statetrbents PaEe 7
OxhJvÈn Trust Note5 to the Cash Flow Staternent for the Year Ended 30 November 2023 RECONCIUATION OF NET INCOME TO NEfcASH FLOW FROM OPERATING ACTnllTIES 30111123 30111122 Net incorne forthe reporti period la5 W the Ststement of Flnantlal Artivitlesl AdJustmeS for.. Interest received Interest paid Decreasellincreasel In debtors (Decreasellincrease in creditors 15.682 940.539 4734 24,LX)O 17,0661 10,341 124,0001 7,444 Net tash provlded by opevatlons 80.449 934,324 ANALYSIS OF CHANGES IN NEf DEBT At 1112122 Cash flow At 30111123 Net cash Cash at bank 12.713 14,2281 8,485 12.713 14,2181 8,485 Debt Debt5 falling due within l year 139.S¢YJI 172,0001 Iiii,sooi 39.SCQI 172,0001 1111,5001 Totsl 126.7871 176,2281 1103,0151 The rKrtes forrn part of these finaniial statetrbents PaEe 8
Oxhaven Trust Note5 to the Financial StateTnents for the Year Ended 30 November 2023 ACCOUNTING POLICIES Basls of preparlngthe financlal ststements These financial ststements have been prepared in accordance with Accounting and Reporting bv Chèrities.. Statemènt of RèctsmmÈnded Practice applicable to tharitiès prÈparirig their actounts in a£tordan£e with the Financial Reportin8 Standard 3ppli£able in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. with FRS 102 and with the requirements ol the Charities Act 2011. Intome l income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund5. It 15 probable that the income Mrill be recewed and the arnount can be me45ured reliablv. Expendlture Liabilitie5 are TOniSed as expenditure as 500n a5 there is a legal or constructive obligation committlng the charity to thai expenditure. it is probable that a tfansler of economlc nefItS will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been c135sified under heading5 that aggregate all cost related to the ¢ategory. Where ¢o#s cannot be dittly attributed to particular headings, they have been allocated to actniities on 3 basiscoThsistent with the use of resources. Grants offered subje¢t to ¢onditioAs whi¢h have not been met at the year-end date are noted as a commitment but not accrued ès expeThdlture. Inve51rnent property Investment property is shown at most retent valuation. Any a88regate surplus or defi¢lt arlsing from changes in fairvalue Is recognised ITh the Statement of Financial AttNlties. Taxttlon The ch3rity is exernpt Irorn tax on its charitable actNlties. Furbd actountl Unrestrirted funds can be used in accordance with ihe charrtable oblertives at the discretion of the trustees. Restritted funds can On be used for particular restritted purposes thin the objerts of the charity. Re5trictien5 anse when specrfied by the donor or when funds are raised for partlcular restricted purpose5. Further explanation ol the Trature and purpose of each fund is IrKluded in the notes to the financlal 5taternents. Page9 continued...
Oxhaven Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 DONATIONS AND LEGACIES 30111123 30111122 Gifts 9.659 965.483 INVESTMENT INCOME 30111123 30111122 Rents received Deposit account interest 66.462 33,367 66,463 33,367 RAISING FUNDS Ralsln8 donitltyis l•8acl•$ 30111123 30111122 Support C05t5 oih•rlradlng *rthfltJ•s 30111123 30111122 Support C05t5 Ag8re8ate amouThts Page 10 continued...
OxhJvÈn Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 CHARITABLE ACvInEs COSTS Support costs (see note 71 Direct Costs Totals Charitable donations 60.440 GRANTS PAYABLE 30111123 30111122 Charitable donation$ 14,244 SUPPORTCOSTS Goveman¢e costs Finance Other Totals Raising donations and legacies Charitable donations 47,869 12.571 60,440 47.869 12,571 60,440 TRUSTEES, REMUNERATIOP4 ANO 8ENEFITS There were no trustees. remuneratlon or oiher benefits lor the year ended 30 November 2023 nor for the year ended 30 Novernber 2022. Trnstees, expenses There were no trustees. expenses paid for yearefided 30 November 2023 nor for the ye•r ended 30 November 2022. COMPARATIVES FOR THE STATEMENT OF FINANaALAcnvmES Unrestrlcted fund INCOME AND ENDOWMENTS FROM Donations and le8a£ies 965.483 InvÈstmÈnt incomÈ 33,367 Total 998.850 EXPENDITURE OP4 Raising funds Page 11 continued...
Oxhaven Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 COMPARATIVES FOR THE STATEMENT OF FIPIANCIALAcnvmES-contin¥ed UnrestrictÈd fund Charltablè aetlvltles Charitable donètions 58.311 Other Total 58.311 NET INCOME 940,539 RECONaLIATION OF FUNDS Tctal funds brought forward 813,714 TOTAL FUNDS CARftIEO FORWARO 1,754,253 10. INVESTMENf PROPERTY FAIR VALUE At l December 2022 Addltions 2,187.956 480,344 AI 30 November 2023 2,668,300 NET BOOK VALUE AI 30 November 2023 2,668,300 At 30 November 2022 2,IB7,956 Page 12 continued...
Oxhaven Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 11. DEBTORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 30111123 30111122 Dep051t 24,(Kh) 12. CREDOR$. AMOUNTS FALUNG DUE WITH114 ONE YEAR 30111123 30111122 other creditors 112,196 47,562 13. CREOITORS: AMOUNT5 FALLING DUE AFfER MORE THA14 014E YEAR 30111123 30111122 Other ¢redltors 794,654 422,854 14. IOAt4S An analysis of the maturity of IoaTr5 15 gNen below.. 30111123 30111122 Amounts lallinB due withln one year OTh demand.. Other loans iii.s 39,500 IS. MOVEMENT IN FUNOS Net movement In funds At 1112122 At 30111123 UThrestrlcted fur5 General fund 1,754.253 15,682 1,769,935 TOTAL FUNDS 1.754.253 15,682 1,769,935 Page 13 continued...
Oxhaven Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 IS. MOVEMENT IN FUNDS- Continued Net movement in funds, included in the atKwe are as lollows.. Inctsmin8 esources Resourtes expended MoveTnent In funds Urtrertrided funds General fund 76.122 160,4401 15,682 TOTAL FUNDS 76,122 160,4401 15,682 Comparatlves lor movement In fvnds Net movement In funds At 1112121 At 30111122 Urtr¢strlrted fvnds General fund 813,714 940,539 1,754.253 TOTAL FUNDS 813,714 940,539 1.754,153 Comparètive net movement in funds. included in the ¥bove are as follows.. Incoming esour¢es Resour£e5 expertded Movement in funds Unrestrlcted funds General fund 998,850 158,3111 940,539 TOTAL FUNDS 998,850 158,3111 9tlO,539 Page 14 continued...
Oxhaven Trust Note5 to the Financial StateTnents continued for the Year Ended 30 November 2023 IS. MOVEMENT IN FUNDS- Continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 1112121 At 30111123 Unremrlrted funds General fund 813,714 956,221 1,769,935 TOTAL FUNDS 813,714 956,221 1,769.935 A current year 12 months and prior year 12 months ¢ombined net movement In funds. Included in the above are as follows". It)comln8 resources Resources expended Movement In funds Urtr¢strlrted fvnds General fund 1.074,972 1118,751 956,221 TOTAL FUNDS 1.074.972 1118,751 956,121 16. RELATED PARTY OISCLOSURES There were no related party transactions lor the year ended 30 November 2023. PaEe 15
Oxhaven Trust Detailed Statetnent of Financial Activities for the Year Ended 30 November 2023 30111123 30111122 INCOME AND ENDOWMENTS Donatlorts and le8ades Gifts 9.659 965,483 Investment IntomÈ Rents received Deposit account interest 66,462 33,367 66,463 33,367 Total Incomlng resources 76,122 998,850 EXPENDITURE Charltable adlvftles Insurance LIEht and heat Repalrs and m3lnrenèn Grants to individua15 1,986 1,406 5.340 S88 28,015 14,244 8.732 42,847 Other Bank loan interest 47,834 10,341 Support Costs Flnante Bank charges 35 20 Other Accountanry 696 660 6overrb•m¢¢ ¢OllS Sundries Other legal and professional 500 3,943 3.143 3.143 4.443 Total resource5 expended 58,311 Net Income 15,682 940,539 Thi5 page doe5 notform partofthe statutoryffinancial 5taternents PaEe 16