CHARITY REGISTRATION NUMBER: 1206676
Oxychai Therapy Centre Unaudited Financial Statements 31 December 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Oxychai Therapy Centre
Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
Oxychai Therapy Centre
Trustees' Annual Report
Year ended 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
Reference and administrative details
| Registered charity name | Oxychai Therapy Centre |
|---|---|
| Charity registration number | 1206676 |
| Principal office | 51 Rigby Street |
| Salford | |
| M74NX | |
| The Trustees | Mrs S M Dafner |
| Mr GS Stemmer | |
| Mr I R Rutenberg | |
| Independent examiner | Howard Schwalbe ACA |
| 2nd Floor - Parkgates | |
| Bury New Road | |
| Prestwich | |
| Manchester | |
| M25 0TL |
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Oxychai Therapy Centre
Trustees' Annual Report (continued)
Year ended 31 December 2025
Structure, governance and management
Oxychai Therapy Centre is constituted under deed dated 6/12/23. It is a CIO registered with charities commission on 23 January 2024 with charity number 1206676 and governed by its constitution.
Recruitment and appointment of new trustees would be in line with the constitution and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mrs Dafner on behalf of the other trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
A policy and procedure for the induction and training of new trustees is currently being developed and will be implemented in the coming year.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making or direct charitable activity.
These risks are managed by the trustees researching potential beneficiaries before granting donations or paying out funds for direct charitable activity.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants and payments.
Objectives and activities
The objects of the charity are the following:
(1) To promote and protect the physical and mental health of sufferers of any medical condition, and their families/carers, in particular but not exclusively by: a) the provision of therapy sessions, counselling and support to improve their overall wellbeing and resilience. b) workshops and events to raise awareness, provide information and act as a support group for patients and their families/carers.
(2) The relief of those in need, by reason of ill-health, disability or other disadvantage, and especially but not limited to sufferers of neurological conditions such as multiple sclerosis or other chronic illness or disability, and their families/carers, in particular but not exclusively by the provision of facilities, therapy sessions (including oxygen therapy) and programmes to improve their quality of life.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
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Oxychai Therapy Centre
Trustees' Annual Report (continued)
Year ended 31 December 2025
Achievements and performance
A summary of the results and movements of funds for the period are shown in the Statement of Financial Activities.
Oxychai Therapy Centre supported nearly a hundred individuals during the period, providing both physical benefits through the Oxychai Chamber and emotional support through our dedicated group sessions. We take pride in being the only resource of its kind in the North West, catering specifically to children while also benefiting adults. To explore the many life-changing success stories made possible by our charity, visit our website at oxychai.com.
The charity received £25,429 in unrestricted donations (2024:£271,731), £29,765 in voluntary contributions (2024:£31,693)and £19,962 in grants (2024:zero) during the year.
Direct expenditure and support costs for the year amounted to £102,061 (2024:£52,591) and was mainly for the running and maintenance of the Oxychai chamber.
There were no investments made during the year.
The related party transactions are as disclosed in the notes to the accounts. The charity has low governance costs that comprise professional fees.
There was an overall net expenditure and net movement in funds for the year amounting to £26,905 relating to the unrestricted fund. This compares with the previous year where there was overall net income and net movement in funds of £250,833 relating to the unrestricted fund.
Financial review
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the fund is an acceptable level.
The present level of funding is adequate to support the continuation of Oxychai Therapy Centre and its activities in the medium term and the trustees consider the financial position of the charity to be satisfactory. In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve roughly equal to the net current assets of the charity.
The free reserves of the charity, being the net current assets of the charity, amounted to £3,894 (2024:£2,016) all of which are unrestricted. At 31 December 2025 the charity held unrestricted reserves of £223,928 (2024:£250,833).
Plans for future periods
The trustees plan to continue raising funds for projects in line with the constitution and to pursue those objectives and projects by operating and maintaining the charity with all the resources available.
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Oxychai Therapy Centre
Trustees' Annual Report (continued)
Year ended 31 December 2025
The trustees' annual report was approved on 21 May 2026 and signed on behalf of the board of trustees by:
Mrs S M Dafner Trustee
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Oxychai Therapy Centre
Independent Examiner's Report to the Trustees of Oxychai Therapy Centre
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of Oxychai Therapy Centre ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
21 May 2026
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Oxychai Therapy Centre
Statement of Financial Activities
Year ended 31 December 2025
| Period from | |||||
|---|---|---|---|---|---|
| 23 Jan 24 to | |||||
| Year | to 31 Dec | 25 | 31 Dec 24 | ||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 25,429 | 19,962 | 45,391 | 271,731 |
| Charitable activities | 5 | 29,765 | – | 29,765 | 31,693 |
| ---------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | ||
| Total income | 55,194 | 19,962 | 75,156 | 303,424 | |
| ============================ | ============================ | ============================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 82,099 | 19,962 | 102,061 | 52,591 |
| ---------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 82,099 | 19,962 | 102,061 | 52,591 | |
| ============================ | ============================ | ================================ | ================================ | ||
| ---------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (26,905) | – | (26,905) | 250,833 | |
| ============================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 250,833 | – | 250,833 | – | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 223,928 | – | 223,928 | 250,833 | |
| ================================ | ============================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
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Oxychai Therapy Centre
Statement of Financial Position
31 December 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 220,034 | 248,817 |
| Current assets | |||
| Debtors | 14 | 126 | 144 |
| Cash at bank and in hand | 6,668 | 7,232 | |
| ----------------------- | ----------------------- | ||
| 6,794 | 7,376 | ||
| Creditors: amounts falling due within one year | 15 | 2,900 | 5,360 |
| ----------------------- | ----------------------- | ||
| Net current assets | 3,894 | 2,016 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 223,928 | 250,833 | |
| -------------------------------- | -------------------------------- | ||
| Net assets | 223,928 | 250,833 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 223,928 | 250,833 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 16 | 223,928 ================================ |
250,833 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 21 May 2026, and are signed on behalf of the board by:
Mrs S M Dafner Trustee
The notes on pages 8 to 15 form part of these financial statements.
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Oxychai Therapy Centre
Notes to the Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Aim Habonim, 51 Rigby Street, Salford, M7 4NX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Portacabins - 4% straight line Equipment - 15% straight line
The chamber due to its rarity is assumed to not reduce in value and therefore no depreciation is applied.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 25,429 | – | 25,429 | ||
| Grants | |||||
| Grants receivable type 1 | – | 19,962 | 19,962 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 25,429 | 19,962 | 45,391 | |||
| ============================ | ============================ | ============================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 271,731 | – | 271,731 | ||
| Grants | |||||
| Grants receivable type 1 | – | – | – | ||
| -------------------------------- | -------------- | -------------------------------- | |||
| 271,731 | – | 271,731 | |||
| ================================ | ============== | ================================ | |||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Voluntary Contributions | 29,765 | 29,765 | 31,693 | 31,693 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Oxygen chamber & other running costs | 80,716 | 19,962 | 100,679 | ||
| Support costs | 1,382 | – | 1,382 | ||
| ---------------------------- | ---------------------------- | -------------------------------- | |||
| 82,098 | 19,962 | 102,061 | |||
| ============================ | ============================ | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Oxygen chamber & other running costs | 48,980 | – | 48,980 | ||
| Support costs | 3,611 | – | 3,611 | ||
| ---------------------------- | -------------- | ---------------------------- | |||
| 52,591 | – | 52,591 | |||
| ============================ | ============== | ============================ |
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Oxygen chamber & other running | ||||
| costs | 100,679 | 181 | 100,860 | 49,068 |
| Governance costs | – | 1,201 | 1,201 | 3,523 |
| -------------------------------- | ----------------------- | -------------------------------- | ---------------------------- | |
| 100,679 | 1,381 | 102,061 | 52,591 | |
| ================================ | ======================= | ================================ | ============================ |
8. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | ||||
| activity 1 | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| Finance costs | 181 | 181 | 88 | |
| Governance costs | 1,200 | 1,200 | 3,523 | |
| ----------------------- | ----------------------- | ----------------------- | ||
| 1,381 | 1,381 | 3,611 | ||
| ======================= | ======================= | ======================= | ||
| 9. | Net (expenditure)/income | |||
| Net (expenditure)/income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 29,225 | 3,140 | ||
| ============================ | ======================= | |||
| 10. | Independent examination fees | |||
| Period from | ||||
| Year to | 23 Jan 24 to | |||
| 31 Dec 25 | 31 Dec 24 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,200 | 1,200 | ||
| ======================= | ======================= | |||
| 11. | Staff costs | |||
| The total staff costs and employee benefits for the reporting period are | analysed as | follows: | ||
| Period from | ||||
| Year to | 23 Jan 24 to | |||
| 31 Dec 25 | 31 Dec 24 | |||
| £ | £ | |||
| Wages and salaries | 15,805 | 9,083 | ||
| ============================ | ======================= |
The average head count of employees during the year was 3 (2024: 3).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees nor were any expenses reimbursed to the trustees.
13. Tangible fixed assets
| Portacabins | Equipment | Total | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2025 | 78,500 | 173,457 | 251,957 | |
| Additions | – | 442 | 442 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2025 | 78,500 | 173,899 | 252,399 | |
| ============================ | ================================ | ================================ | ||
| Depreciation | ||||
| At 1 January 2025 | 3,140 | – | 3,140 | |
| Charge for the year | 3,140 | 26,085 | 29,225 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2025 | 6,280 | 26,085 | 32,365 | |
| ============================ | ================================ | ================================ | ||
| Carrying amount | ||||
| At 31 December 2025 | 72,220 | 147,814 | 220,034 | |
| ============================ | ================================ | ================================ | ||
| At 31 December 2024 | 75,360 | 173,457 | 248,817 | |
| ============================ | ================================ | ================================ | ||
| 14. | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other debtors | 126 | 144 | ||
| ============== | ============== | |||
| 15. | Creditors: amounts falling due within one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank loans and overdrafts | – | 762 | ||
| Accruals and deferred income | 2,900 | 1,200 | ||
| Other creditors | – | 3,398 | ||
| ----------------------- | ----------------------- | |||
| 2,900 | 5,360 | |||
| ======================= | ======================= |
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At 31 | |||||
| At 1 January | December | ||||
| 2025 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| General funds | 250,833 | 55,194 | (82,099) | 223,928 | |
| ================================ | ============================ | ============================ | ================================ | ||
| At | At | ||||
| 23 January | 31 December | ||||
| 2024 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | – | 303,424 | (52,591) | 250,833 | |
| ============== | ================================ | ============================ | ================================ | ||
| Restricted funds | |||||
| At 31 | |||||
| At 1 January | December | ||||
| 2025 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| Restricted Fund 1 - desc in a/cs | – | 19,962 | (19,962) | – | |
| ============== | ============================ | ============================ | ============== | ||
| At | At | ||||
| 23 January | 31 December | ||||
| 2024 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Restricted Fund 1 - desc in a/cs | – | – | – | – | |
| ============== | ============== | ============== | ============== | ||
| 17. | Analysis of net assets between | funds | |||
| Unrestricted | Total Funds | ||||
| Funds | 2025 | ||||
| £ | £ | ||||
| Tangible fixed assets | 220,034 | 220,034 | |||
| Current assets | 6,794 | 6,794 | |||
| Creditors less than 1 year | (2,900) | (2,900) | |||
| -------------------------------- | -------------------------------- | ||||
| Net assets | 223,928 | 223,928 | |||
| ================================ | ================================ | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 248,817 | 248,817 | |||
| Current assets | 7,376 | 7,376 | |||
| Creditors less than 1 year | (5,360) | (5,360) | |||
| -------------------------------- | -------------------------------- | ||||
| Net assets | 250,833 | 250,833 | |||
| ================================ | ================================ |
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Oxychai Therapy Centre
Notes to the Financial Statements (continued)
Year ended 31 December 2025
18. Related parties
Mrs S Loebenstein is a related party since she is the daughter of trustee Mrs S Dafner. During the year Mrs S Loebenstein was paid £2,678 for services provided. Mr D Dafner is a related party since he is the son of trustee Mrs S Dafner. During the year Mr Dafner was paid £9,500 for services provided. Ther was a total of £986 in donations received from related parties during the year.
19. Taxation
Oxychai Therapy Centre is a charitable incorporated organisation. It is registered with the Charity Commission and has a limited financial liability status.
Oxychai Therapy Centre is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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