**REGISTERED CHARITY NUMBER: 1182892**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 November 2025
## for
Oxhaven Trust
Chapman Robinson and Moore Limited 30 Bankside Court
Stationfields Kidlington Oxford OX5 1JE
Oxhaven Trust
Contents of the Financial Statements for the Year Ended 30 November 2025
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Cash Flow Statement|7|
|Notes to the Cash Flow Statement|8|
|Notes to the Financial Statements|9 to 15|
|Detailed Statement of Financial Activities|16 to 17|
Oxhaven Trust
## Report of the Trustees
## for the Year Ended 30 November 2025
The trustees present their report with the financial statements of the charity for the year ended 30 November 2025.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2019), and with the Charities Act 2011.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity ('the objects') are:
1. The prevention or relief of poverty anywhere in the world by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
2. The advancement of health including the prevention or relief of sickness, disease or human suffering, as well as the promotion of health by providing: grants, items, services and facilities to ease the suffering or assist the recovery of people who are sick, convalescent, disabled or infirm or to provide comforts for patients.
3. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
4. To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment.
5. To advance the Christian religion for the benefit of the public in accordance with the doctrines of the Church of England.
The charity does not raise funds directly from the public.
## **Public benefit**
The trustees have complied with their duty in section 4 of the 2006 Act to have due regard to guidance on public benefit published by the Commission.
## **ACHIEVEMENTS AND PERFORMANCE**
The Trustees identified opportunities to expand the affordable housing stock and subsequently purchased two new properties in February 2026.
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-prisoner and people on low incomes. All of these found accessing housing difficult and provision by the charity has provided homes and stability for the tenants and their families. The charity also made donations for religious purposes.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity maintains sufficient reserves to ensure that the requisite maintenance of its properties can be undertaken in a timely way and to ensure that it is able to meet the interest payments on its loans.
Page 1
Oxhaven Trust
## Report of the Trustees
for the Year Ended 30 November 2025
## **FINANCIAL REVIEW**
The charity achieved a surplus for the year of £109,877 (2024 £360,640).
At the end of the year, the charity had cash and bank reserves of £66,797 (2024 £25,703).
The trustees are confident of the ability of the charity to continue as a going concern in the foreseeable future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust dated 17 March 2020 and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The procedures for the selection and appointment of trustees are set out in the governing document.
## **Risk management**
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 Registered Charity number**
1182892
## **Principal address**
Unit 1 Chapple House 25 Oxford Road Kidlington OX5 2GG
## **Trustees**
C Bright Professor S Bright S Bright J Bright (appointed 1/1/2025)
## **Independent Examiner**
Mrs J.E. Mason FCCA Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OX5 1JE
Page 2
Oxhaven Trust
## Report of the Trustees
for the Year Ended 30 November 2025
Approved by order of the board of trustees on 3 March 2026 and signed on its behalf by:
J Bright - Trustee
Page 3
Independent Examiner's Report to the Trustees of Oxhaven Trust
## **Independent examiner's report to the trustees of Oxhaven Trust**
I report to the charity trustees on my examination of the accounts of Oxhaven Trust (the Trust) for the year ended 30 November 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Mrs J.E. Mason FCCA
Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OX5 1JE
3 March 2026
Page 4
Oxhaven Trust
## Statement of Financial Activities
## for the Year Ended 30 November 2025
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable expenditure
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|30/11/25
Unrestricted
fund
£
89,876
92,836
182,712
72,835
109,877
2,130,575
2,240,452|30/11/24
Total
funds
£
385,983
80,650|
|---|---|---|
|||466,633|
|||105,993|
|||360,640
1,769,935|
|||2,130,575|
The notes form part of these financial statements
Page 5
Oxhaven Trust
## Balance Sheet
## 30 November 2025
|Notes
**FIXED ASSETS**
Investment property
9
**CURRENT ASSETS**
Debtors
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year 12
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|30/11/25
Unrestricted
fund
£
2,993,300
25,000
66,797
91,797
(23,145)
68,652
3,061,952
(821,500)
2,240,452
2,240,452
2,240,452|30/11/24
Total
funds
£
2,993,300
25,000
25,703
50,703
(91,928)
(41,225)
2,952,075
(821,500)
2,130,575
2,130,575
2,130,575|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 3 March 2026 and were signed on its behalf by:
J Bright - Trustee
The notes form part of these financial statements
Page 6
Oxhaven Trust
## Cash Flow Statement
## for the Year Ended 30 November 2025
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of investment property
Interest received
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|30/11/25
£
94,646
(55,073)
39,573
-
1,521
1,521
41,094
25,703
66,797|30/11/24
£
403,850
(61,739)
342,111
(325,000)
107
(324,893)
17,218
8,485
25,703|
|---|---|---|
The notes form part of these financial statements
Page 7
Oxhaven Trust
## Notes to the Cash Flow Statement
## for the Year Ended 30 November 2025
|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING**|**ACTIVITIES**||
|---|---|---|---|---|
||||30/11/25|30/11/24|
||||£|£|
||**Net income for the reporting period (as per the Statement of**||||
||**Financial Activities)**||109,877|360,640|
||**Adjustments for:**||||
||Interest received||(1,521)|(107)|
||Interest paid||55,073|61,739|
||Increase in debtors||-|(25,000)|
||(Decrease)/increase in creditors||(68,783)|6,578|
||**Net cash provided by operations**||94,646|403,850|
|**2.**|**ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS**||||
|||At 1/12/24|Cash flow|At 30/11/25|
|||£|£|£|
||**Net cash**||||
||Cash at bank|25,703|41,094|66,797|
|||25,703|41,094|66,797|
||**Debt**||||
||Debts falling due within 1 year|(91,196)|68,950|(22,246)|
|||(91,196)|68,950|(22,246)|
||**Total**|(65,493)|110,044|44,551|
The notes form part of these financial statements
Page 8
Oxhaven Trust
Notes to the Financial Statements for the Year Ended 30 November 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
These financial 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 (FRS 102) (effective 1 January 2019), with FRS 102 and with the requirements of the Charities Act 2011.
## **Income**
All income is recognised in the Statement of Financial Activities 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 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 has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
|**2.**
**DONATIONS AND LEGACIES**
Gifts
Gift aid
**3.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**4.**
**CHARITABLE ACTIVITIES COSTS**
Grant
funding of
activities
(see note
5)
£
Charitable expenditure
2,400
**5.**
**GRANTS PAYABLE**
Charitable expenditure|30/11/25
£
68,010
21,866
89,876
30/11/25
£
91,315
1,521
92,836
Support
costs (see
note 6)
£
70,435
30/11/25
£
2,400|30/11/24
£
374,522
11,461|
|---|---|---|
|||385,983|
|||30/11/24
£
80,543
107
80,650
Totals
£
72,835
30/11/24
£
28,446|
continued...
Page 10
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**|||||
|---|---|---|---|---|
||||Governance||
||Finance|Other|costs|Totals|
||£|£|£|£|
|Charitable expenditure|55,120|2,597|12,718|70,435|
## **7.**
## **TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 November 2025 nor for the year ended 30 November 2024.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable expenditure
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
385,983
80,650
466,633
105,993
360,640
1,769,935
2,130,575|
|---|---|
continued...
Page 11
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
## **9. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 December 2024
and 30 November 2025
**NET BOOK VALUE**
At 30 November 2025
At 30 November 2024
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
30/11/25
£
Other debtors
25,000
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
30/11/25
£
Other loans (see note 13)
22,246
Accrued expenses
899
23,145
Creditors falling due within one year include loans of £22,246 (2024 £91,196). See note 15.
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
30/11/25
£
Other creditors - see note 14
25,000
Bank loans
796,500
821,500|£
2,993,300|£
2,993,300|
|---|---|---|
||2,993,300||
||2,993,300||
|||30/11/24
£
25,000
30/11/24
£
91,196
732
91,928
30/11/24
£
25,000
796,500|
|||821,500|
continued...
Page 12
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
## **13. LOANS**
An analysis of the maturity of loans is given below:
||30/11/25|30/11/24|
|---|---|---|
||£|£|
|Amounts falling due within one year on demand:|||
|Other loans|22,246|91,196|
Bank loans of £796,500 (2024 £796,500) are secured on the property to which they relate. These are interest only mortgages repayable wholly after more than five years.
There are further loans of £25,000 which are wholly repayable after ten years (2024 £25,000). They are unsecured and no interest is payable on them.
## **14. MOVEMENT IN FUNDS**
|At
1/12/24
£
**Unrestricted funds**
General fund
2,130,575
**TOTAL FUNDS**
2,130,575
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
182,712
**TOTAL FUNDS**
182,712||Net
movement
in funds
£
109,877
109,877
Resources
expended
£
(72,835)
(72,835)|At
30/11/25
£
2,240,452
2,240,452
Movement
in funds
£
109,877
109,877|
|---|---|---|---|
|||||
|||||
continued...
Page 13
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
## **14. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At
1/12/23
£
**Unrestricted funds**
General fund
1,769,935
**TOTAL FUNDS**
1,769,935
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
466,633
**TOTAL FUNDS**
466,633
A current year 12 months and prior year 12 months combined position is as
At
1/12/23
£
**Unrestricted funds**
General fund
1,769,935
**TOTAL FUNDS**
1,769,935||
|---|---|
|||
continued...
Page 14
Oxhaven Trust
Notes to the Financial Statements - continued for the Year Ended 30 November 2025
## **14. MOVEMENT IN FUNDS - continued**
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
£
649,345
649,345|Resources
Movement
expended
in funds
£
£
(178,828)
470,517
(178,828)
470,517|
|---|---|---|
## **15. RELATED PARTY DISCLOSURES**
During the year, donations were received of £67,000 (2024 £371,350) from the trustees which consist of loans which were waived.
As at 30 November 2025, loans of £22,246 (2024 £91,196) 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 2025
|Detailed Statement of Financial Activities
for the Year Ended 30 November 2025|||
|---|---|---|
||30/11/25|30/11/24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|68,010|374,522|
|Gift aid|21,866|11,461|
||89,876|385,983|
|**Investment income**|||
|Rents received|91,315|80,543|
|Deposit account interest|1,521|107|
||92,836|80,650|
|**Total incoming resources**|182,712|466,633|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants to individuals|2,400|28,446|
|**Support costs**|||
|**Finance**|||
|Bank charges|47|52|
|Bank loan interest|55,073|61,739|
||55,120|61,791|
|**Other**|||
|Light and heat|1,697|2,734|
|Accountancy|900|732|
||2,597|3,466|
|**Governance costs**|||
|Insurance|2,052|1,751|
|Other legal and professional|4,490|1,860|
|Repairs and renewals|6,176|8,679|
||12,718|12,290|
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 2025
|Detailed Statement of Financial Activities
for the Year Ended 30 November 2025|||
|---|---|---|
||30/11/25|30/11/24|
||£|£|
|Total resources expended|72,835|105,993|
|**Net income**|109,877|360,640|
This page does not form part of the statutory financial statements
Page 17