REGISTERED CHARITY NUMBER.. 1182892 Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2024 for Oxhaven Tiust Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OX5 IJE
Oxhaven Trust Contents of the Financial Statements for the Year Ended 30 November 2024 Page Report ol the Trustees I to 3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Flnancial Statements 9 to IS Detailed Statement of Financlal Activities 16 to 17
Oxhaven Trust ort of the Trustees for the Year Ended 30 November 2024 The tru5tee5 present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of the Statement of Recommended Prartice ISORPI 'Accounting and Reporting by Charities, which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in rhe UK and Ireland IFRS1021 (effective l January 20191, and with the CharitSe5 Act 2011. OBJECTIVES AND AcllviTIE5 Objertives and aims The objects of the charity I'the objetts'l are- l. The preventlon or rellef of poverty anywhere in the world by providlng.. grants. items and services to individuals in need andlor charities. or other organisations working to prevent or relieve poverty. 2. The advancement of health includin8 the prevention or relief of sickness, disease or human suffering, as well a5 the promotion of health by providing.. grants. items, service5 and facilities to ease the suffering gr assist the recovery of people who are sick. convalesceni, disabled or infirm or to provide comforts for patient5. 3. To promote soclal Inclsjslon for the publlc beneflt by preventing people from becomin8 soclally excluded, relieving the needs ol those people who are 59cially excluded and assisting them to integrate Into society. For the purpose of this clause'socially e¥iluded' means bein8 excluded from society, or part of society. a5 a result of bein8 a member ol a Socially and econornically deprived community. 4. To promote for the benefit of the public the conservation, protection and improvement of the physlcal nd natural environrnent. S, To advance the Christian reli8ion for the benefit of the public in accordance with the doctrines of the Church of England. The charity ijoes not raise funds direetly from the public. Publlt bèneflt The trustees have complied with their duty in section 4 of the 2LKJ6 Art to have due regard to guidance on public benefit published by ihe Commission. ACHIEVEMENT ANO PERFORMANCE Charitable actlvltles The charity continued to expand its housing stock available for affordable rent receiving a gift of property, bringing the total to 5. Investment was made to upgrade two of these. In addition, housing support was given to a family made homeless. Grants wefe made to Christian charities. The Trustees continued to look for further opportuniiies to expand the affordable housing stock. The charity principally provides a benefit by making housing available at affordable rents to those who are vulnerably housed or having difficulty finding housing. Housing continues to be provided to refugees relocated from syria and Afghanistan under UK Resettlement Schemes as well as a property let to an ex-pri50ner. All of these found accessing housing difficult and provision by the charity ha5 provided home5 and stability for the tenants and their families. Page I
Oxhaven Trust ort of the Trustees for the Year Ended 30 November 2024 FINANCIAL REVIEW Reserve5 policy The charity maintains suffClent reserves to ensure that the requisite maintenance of its properties can be undertaken in a timely way and to ensure that it 15 able to meet the interest payments on it5 loan5. The charity achieved a surplus for the year of £360.64012023 £15,682). At the end ol the year. the charity had cash and bank reserves of £25.70312023 £8.4851. The trustees are confident of the ability of the charity to tontinue as a going toncern in the foreseeable future. STRUCTURE. GOVERNANCE AND MANAGEMENT Governln8 document The charity is controlled by its governing docurnent. a deed of trust dated 17 March 2020 and constitutes an unincorporated charity. Recrultment and appolntment of new trustees The procedure5 for the selection and appointment of trustee5 are set out in the governing document. Rlsk managefflent 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. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1182892 Prlntlpal address 105A Lonsdale Road Oxford OX2 7ET Trustees C Bright Professor S Bright S Bright J Bright (appointed 1/1120251 Independent Examiner Alan P. Sowden FCCA CTA Ch3pman Robinson and Moore Limited 30 8ankside Court Stationfields Kidlington Oxford OX5 IJE Page 2
Oxhaven Trust ort of the Trustees for the Year Ended 30 November 2024 Approved by order of the board of trustees on 27 May 2025 and signed on it5 behaK by.. C Bright- Trustee Page 3
Inde endent Examiner's Re Oxhaven Trust ort to the Trustees of Independent examlner's report to the irustees of Oxhaven Trust I report to the charity trustees on my examination of the accounts of Oxhaven Trust Ithe Tru5tl for the year ended 30 November 2024. Responslbllitles 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 20111.the Art'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out rny examination I have followed all applicable Oirections given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's Statement since your charity's gross income exceeded E250.(KXI your examiner must be a member of a listed body. I can confirm that 1am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed rny examination. I confirm ihat no material matters have come to my attentlon In onnection with the examination givin8 me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act.. or the accounts do not accord with those records., or the account5 do not comply with the applicable requirement5 concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the account5 give a true and fair view which 15 not a matter considered a5 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 bè drawn in this report in order to enable a proper understanding of the accounts to be reached. Alan P. Sowden FCCA CTA Chapman Robinson and Moore Limiied 30 Bank5ide Court Stationfields Kidlington Oxford OX5 IJE 27 May 2025 Page 4
Oxhaven Trust tatement f Financial Activiti for the Year Ended 30 November 2024 30111124 30111123 Total funds Unrestricted fund Note5 INCOMEAND ENDOWMENTS FROM Donations and legacie5 385,983 9,659 Investrnent income 80.650 66,463 Total 466,633 76,122 EXPENDITURE ON Charltable actItIeS Charitable donations 105,993 60,440 NET INCOME 360,640 15,682 RECONCILIATION OF FUNDS Total funds brought forward 1,769,935 1,754,253 TOTAL FUNDS CARRIED FORWARD 2.130.575 1.769.935 The notes form part of these financial statements Pa8e 5
Oxhaven Trust B lance She 30 November 2024 30111124 30111123 Total funds Unrestricted fund Note5 FIXED ASSETS Investrnent property 2.993.3CMJ 2.668.3LX) CURRENT A55Ers Debtors Cash at bank io 25,(X)O 25.703 8,485 50.703 8,485 CREOITORS Amount5 falling due within one year li 191.9281 1112,1961 NET CURRENT ASSETS 141,2251 1103,7111 TOTAL ASSETS LESS CURRENT LIABIUTIES 2.952.075 2,564.589 CREDITORS Amounts fallin8 due after more than one vear 12 1821,5001 1794,6541 NET ASSETS 2,130,575 1,769.935 FUNDS Unrestricted funds 14 2.130.575 1.769,935 TOTAL FUNDS 2.130,575 1.769,935 The financial staternent5 were approved by the 8oard of Tru5tee5 and authgrised for issue on 27 May 2025 and were signed on its behalf by.. C Bright- Trustee The notes form part of these financial statements Pa8e 6
Oxhaven Trust Cash Flow Statement for the Year Ended 30 November 2024 30111124 30111123 Notes Cash flows from operating activities Cash generated from operations Interest paid 403,850 161.7391 80,449 147,8341 Net cash provided by operating activities 342.111 32.615 Cash flows from investing activities Purchase of investment property Interest received 1325.cthl 107 1480,3441 Net cash used in investing artivities 1324.8931 1480,3431 Cash flows from flnancln8 artl¥ltl•s New loans in year 443,500 Net cash provided by financing activities 443,500 Changè In tash and cash egulvalents In the reportlnB perlod Cash and cash tqulvalents at thè beglnnlng ol the reportln8 perlod 17,218 14,2281 8,485 12,713 Cash and ¢ash equlvalents at the end of thè rtportlng perlod 25.703 8,485 The notes form part of these financial statements Pa8e 7
Oxhaven Trust Notes to the Cash Flow Statement for the Year Ended 30 November 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 30111124 30111123 Net income for thè reporting period las per the Statement of Financial Arti¥itie5} Adlustrnents for.. Interest received Interest paid Iincreaselldecrease in debtors Increaselldecreasel in creditors 360,640 15,682 11071 61,739 125,0001 6.578 47,834 24,(M)O 17.0661 Nèt cash provlded by operatlons 403,850 80,449 ANALYSIS OF CHANGES IN NET OEOT At 1112123 Cash flow At 30111124 Net cash Cash at bank 8.485 17,218 25,703 8.485 17.218 25,703 Debt Debts falling due within l year 1111.5COI 20,304 191,1961 1iii.sooi 20.304 191,1961 Total 1103.0151 37.522 165,4931 The notes form part of these financial statements Pa8e 8
Oxhaven Trust Notes to the Financial Statements for the Year Ended 30 November 2024 ACCOUNTING POLICIES gasls of preparln£ the financlal statements These linancial Statements have been prepared in accordance with 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 IFRS 1021 (effective l January 20191, with FRS 102 and with the requirements of the Charities Act 2011. Income All income is rectsgnised in the Statement of Finantial ActivTtie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are reeogntsed as expenditure as soon as there is a legal or constructlve obligatlon omrnitting the charity to that expendrture. it is probable that a transfer of econornic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the caiegory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resource5. Grants offered subjed to conditions which have not been mel at the year end date are ngted a5 comrnitment but not accrued as expenditure. Investment property Investrnent property is shown at most rètent valuation. Any a88re8ate surplus or deficit arising from changes in fair value is reco8nised in the Statement of Financial Activities. T?xatlon The charity is exempt from tax on its charitable activities. Fund attountln8 Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrided funds can only be used for particular restlied purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised fgr particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financlal staternents. Page 9 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 DONATIONS AND LEGACIES 30111124 30111123 Gift5 Gift aid 374.521 11,462 4,659 5,000 385,983 9,659 INVESTMENT INCOME 30111124 30111123 Rents received Deposit account interest 80.543 107 66.462 80,650 66,463 CHARITABLE AcTrvmES COSTS Grant funding of activities 15ee note Support costs (see note 61 si Totals Charitable donations 28,446 77,547 105,993 GRANTS PAYABLE 30111124 30111123 Charitable donations 28,446 Pa8e 10 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 SUPPORT COSTS Governance costs Finance Other Totals Charitable donations 61,791 3,466 12,290 77,547 TRUSfEES' REMUNERATION ANO BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023. Tru5tees' expenses There were no trustees, expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES Unrestricte fund INCOMEAND ENDOWMENTS FROM Donations and legacie5 9.659 Investrneni incomè 66,463 Total 76,122 EXPENDITURE ON Charitzble activities Charitable donations 60,440 NET INCOME 15,682 RECONCILIATION OF FUNDS Total funds brought lorward 1,754,253 TOTAL FUNDS CARRIED FORWARD 1.769.935 Pa8e 11 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 INVESTMENT PROPERTY FAIR VALUE At l December 2023 Additions 2,668,300 325,(X)O At 30 November 2024 2,993,300 NET BOOK VALUE At 30 Novernber 2024 2,993,300 At 30 November 2023 2,668,300 io. DE8TORS: AMOUNTS FALLING DUE WITrIIN ONE YEAR 30111124 30111123 Other debtors 25,CMX) 11. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 30111124 30111123 Other loans (see note 131 Accrued expènses 91,196 732 111,500 696 91,928 112,196 Creditors fallin8 due within one year include loans of £91,19612023 É111,5th)l. See note IS. Pa8e 12 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 12. CREDITORS.. AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 30111124 30111123 Other creditors- See note 13 Bank loans 25,QX)O 796,500 794,654 821,500 794,654 13. LOANS An analysis of the maturity of loans is given below.. 30111124 30111123 Amounts falling due withln one year on demand- Other1gan5 91.196 111,500 Bank loans of £796,50012023 £794,654) are secured on the property to wh5ch they relate.These are interest only mort8a8es repayable whglly after more than five years. There are further loan5 of £25.(W whith are wholly repayable after ten years12023 £nill.They are unsecured and no interest is payable on them. 14, MOVEMENTIN FUNDS Net movement in funds At V12123 At 30111124 Unrèstrldèd funds General fund 1,769,935 360,640 2,130,575 TOTAL FUNDS 1.769.935 360,640 2,130,575 Net movement in funds. included in the above are as follows.. Incoming resources Resource5 expended Movement in funds Unrestrfcted funds General fund 466.633 1105,9931 360,640 TOTAL FUNDS 466,633 1105,9931 360,640 Pa8e 13 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 14. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net movement in funds At 1112122 At 30111123 Un$t(led funds General fund 1.754.253 15.682 1.769.935 TOTAL FUNDS 1.754,253 15.682 1,769.935 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fund5 Unre5trlcted funds General fund 76,122 160,4401 15,682 TOTAL FUNDS 76.122 160,4401 15,682 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 1112122 At 30111/24 Unrestrlcled funds General fund 1.754,253 376,322 2,130,575 TOTAL FUNDS 1.7S4,253 376,322 2.130,575 Pa8e 14 continued...
Oxhaven Trust Notes to the Financial Statements- continued for the Year Ended 30 November 2024 14. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are a5 follows.. Incoming resources Restsurces expended Movement in funds Unrestricted funds General fund 542.755 1166,4331 376,322 TOTAL FUNDS 542.755 1166,4331 376,322 15. RELATED PARTY DISCLOSURES Durlng the year, donations were received of E371.350 12023 £3,4Cl from the trustees Includlng loans which were waived and gifts from a company controlled by them. Oxhold Limited. As at 30 Ngvernber 2024. loans of £91.19612023 £111.5WI were owing to the trustees. No interest Is payable on these loans and they have no set repayment date. Page 15
Oxhaven Trust Detailed Statement of Financial Activities for the Year Ended 30 November 2024 30111124 30111123 INCOMEAND ENDOWMENTS Donations and le£aues 374,521 11,462 4.659 5,000 Gift aid 385,983 9,659 Investment income Rents received Deposit account interest 80.543 107 66,462 80.650 66.463 Totsl Incomlng resources 466.633 76.122 EXPENOITURE Charltable actlvltles Grant5 to individuals 28.446 Support Costs Flnantè Bank charges Bank loan interest 52 61.739 35 47,834 61.791 47.869 Other Light and heat Accountancy 2.734 732 1,406 696 3.466 2,102 Governance costs Insurance Other legal and professional Repairs and renewals 1.7SI 1,860 8.679 1.986 3,143 5.340 12.290 10.469 This page does not form part of the statutory financial statements Page 16
Oxhaven Trust Detailed Statement of Financial Activities for the Year Ended 30 November 2024 30111124 30111123 Total resources expended 105,993 60,440 Net income 360,640 15,682 This page does not form part of the statutory financial statements Page 17