REGISTERED COMPANY NUIIIBER: 01874856 (EnglAnd And WAles) REGISTERED CHARITY NUMI BER: 326768 ort of the Trustees and UnAudited Finan¢iAI Statements for the Year Ended 31 March 2025 for Ownershl At Work 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HUI 3TG
Oivnershi At Work Contents of the FinAtteiAI Staternent5 for the Vegr Etsded 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balan¢e Sh¢¢t Notes to the FinAncial Statements 6 to 10 Detalled StAtemÉnt of Finan¢i41 Aetivities
Owneyshi at Work rt of the Trustees for the Year Ended 31 Imarch 2025 The trusÉee5 who are also directors of the charity for the purposes of the Companies Act 2006, present their report with tlie financial statements of the charity for the year ended 31 Marcli 2025. The trustees have adopted the provisions of Accoiinting and Reporting by Charities: Sialement of Recommended Practice applicable to charities preparing their a¢¢ounts in a¢cordan¢¢ with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). OwTrership al Work exists to promote greater understanding of the role industrial democracy and employee ownership can play in the UK economy. OAW is an independent company limited by guardntee with charitable stsths. Its current activity focuses on generating insioht into the social and economic impact of sharing meaninoful ownership and participation with employees and work.ers in organisalions of all k-inds. The ?024-25 FY saw OMryJership at Work (OAW) build on the progress made the previous year, though reducing the total scale of effort and output, reflecied in reduced fiiThJing levels. Our principal publication was a follow-up piece of reseai'ch building on our landmark EO Knowledge Programme outputs in 2023-24. The 'Robust Gr0h Cliampions, report was delivered in partnership with specialist investment firn) Thin Cats and the sector's trade body the Employee Owjei'ship Association. It successfully compaT¢d financial actuals over 5 years betsveen EO and non-EO firm5 malched by SIC code. The final output was published and di&seminated across the sector. It was widely welcomed a5 slrengtheninq the evidence base for the economic impact of EO businesses and OAW wa5 invited to present findings at a prestigious EO event in the United States. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢i'ning document The charity is a limited compaiiy, limited by guarantee, as defined by the Companies Act 2006 and is governed by its Memorandum and Articles of Association REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01874856 (England and Wales) Regist¢red Charity number 326768 Reglstei'ed offiee Wrigleys Solicitors LLP 3rd l."looi' 3 Wellington Place Leeds Wesc Yorkshire LSI 4AP Trustees Mrs D J Oxley OBE Consultant Ms A C Tyler Management Consultant Mr J E B De Le Vin(Fne Chief Execulive Mi. P T L Dann Market Researcl)er Mrs S Lenox Soli¢itor Mrs N Meliegan Project Manager Mr S J Poole Compaiiy Director Independent Ex8miDei' 360 Accountants Limited l8_19 Albi(Jn Street Hull East Yorkshire HUI 3TG
Ownershi at Work ort of the Trustees for the Year Ended 31 fvlarcli 2025 REf4ERENCE AND ADMINISTRATIVE DETAILS Bankei's Unity Trust Bank PO Box 7193 Planetary Road Willenliall WVI 9DG This report has been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 2006 I-elating to small conipanies. Approved by order of the board of trustees on . d S]ed on its behalf by.. Ms A C Tyler- Trustee Page 2
Inde endent Examin¢r'5 Re ort to the Trustees of Ownershi at Work Independent examiner's report to the trustees of Oivner5hip at Work ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the vear ended 31 March 2025. Responsibilities bklsis of report As the charity'5 trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 AcV}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charitie5 Act 2011 (*he 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Conm]ission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have compleied niy examination. I confirm that no matters have Come to my attention iii connection with the examination giving me cause to believe- accourniing record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting Tequirement5 of Section 396 of the 2006 Act other than any requirem¢nt ihat the accounts give a true and fair view which is not a matter considered as part of at) iiidependent exainination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102)). I have no Concerns and have come across no other matters in connection with the examination to which attention sliould be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Sophie Holmes FCCA ACA The Institute of Chartered A¢countsnlS in England and Wales 360 Accountants Limited 18-19 Albion Street Hull Easi Yorkshire HUI 3TG Date.. Pa£e 3
Ownershi at Woi'k StAtement of Finaneial Aetivities for the Year Ended 31 March 2025 3113125 Total funds 31 /3124 Total funds Unrestricted fund Restricted fund Notes ITrICOME AND EP4DOWMENTS FROM Donations and sponsorships 1,250 1250 56,976 EXPENDtTURE ON Raising funds 1,828 Chai'itable activities PldS foi. charitable activities 3,337 3,337 61,609 Total 3J37 3J37 63,437 NET INCOMEI(EXPENDITURE) (2,087) (2,087) {6.461) RECONCILIATION OF FUNDS Total funds brought fonyard 2,067 2,067 8,528 TOTAL fuNDS CARRIED FORWARD 120) (20) 2,067 The notes fotm part of these financial statements Page 4
Ownershi at Work Balante Sheet 31 .Iqareh 2025 3113r25 Total runds 3113124 Total nds Unrestricted nd Restricted fund Notes CURRENT ASSETS Debtors Cash at bank 1,300 797 530 530 530 530 2,097 CREDITORS AmounTS falling due within one year (550) (550) (30) NET CURRENT ASSETSI(LIABILITIES) (20) (20) 2,067 TOTAL ASSETS LESS CURRENT LIABILITIES (20) (20) 2.067 NET ASSITS (20) (20) 2.067 FUNDS Uiirestricted funds (20) 2.067 TOTAL FUNDS {20) 2,067 The charilable company is enlitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statemenls for th¢ year ended 31 March 20?5 in accordance with Section 476 of the Companies Act 2006. The trustees aeknowledge their responsibilities for (a) en5uriTh8 that the charitable company keeps accounting records that cornply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which tsive a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requir¢mcnts of Scctions 394 and 395 and which olherwi5e comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. (b) These financial statements have been prepa1 in accordance with the provisions applicable to charitable companies siibject to the small coinpanies regime. The financial statements were approved by Ihe Board of Trustee5 and authorised for issue and were signed on ils behalf by-. on MsACTyler- Til The notes fonn part of these financial statements Page 5
Oivnershi at Work Notes to the Financial Statements for the YeAJ' Ended 31 Nlarch 2025 ACCOUNTINC POLICIES Basis of preparing the financial statements The financial statements of th¢ Charitable company. 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: Sialement of Recommended Practice applicable to chariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Aci 2006. The fJnan¢ial statements have been prepared under ihe historical cost convention. 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. Expenditui Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligatioii committing the chai'ity to tliat expenditure. il is probable thal a transfer of economi¢ bencfits will be requii'ed in settlement and the amoiint of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under lieadings that aggregate all cost related to the category. Wliere costs cannot be directly attributed to particular headings they hav¢ ¢n allocated to aaivili¢s on a basis consistent with the use or resources. TaxAtion Th¢ charily is exempt from COTPOrntion tax on its charitable activities. Fund Aceounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the iTUStees. Restricted fund5 can only be used for particular restricted purposes within the objecLS of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricied purposes. Further explanation of th¢ nature and purpose of each fund is included in the notes to the financial ststements, Hii'e pui'¢hAse and leasing commitmenls Rentals paid under operating leases are Charg to the Statement of Financial Activities on a straight line basis over the period of the lease. DONA TIONS AND SPONSORSHIPS 3113125 3113124 Donations and sponsorship 1,250 56,976 Page 6 continued...
Ownershi at Work Notes to the Fin%nciAI StAtements- contillued for the Year Ended 31 Mareh 2025 NET INCOMEI(EXPENDITURE) Total net expenditure for the year (£2,087). TRUSTEES, REMUNERATION AND BENEFJTS There were no trustees, remuneration or other benefits for the ycar ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES Unrestricled fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and sponsorships 56.976 56,976 EXPENDITURE ON Raising funds 1.828 1,828 ChAritAble aelivities Fund5 for charitable activities 55.609 6.000 61,609 TotAI 57.437 6,000 63,437 NET IIYCOMEI(EXPENDITURE) (461) (6,000) (6,461) RECONCII.IA TtON OF FUNDS Total funds brought fonvard 2,528 6,000 8,528 TOTAL FUNDS CARIUED FORWARD 2,067 2.067 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113nS 3113124 Trade debtors 1,300 Page 7 continued..
OwneTshi at Work Notes to the FillanciAI StAtements- tontinued for the Year Ended 31 hilareh 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Trnde creditors Accruals and deferred income (50) 600 30 550 30 MOVEMENT IN FUNDS Net movement in fjjnds At 3113125 At 114124 Unrestricted funds General fund 1067 (2,087) (20) TOTAL FUNDS 2,067 (2,087) (20) Net movement in funds, included in the above are as follows: Incoming resources Resource5 expended Movement in fvnds Unrestricted funds Geneizl fiind 1,250 (3,337) (2,087) TOTAL FUNDS 1,250 {3 J37) (2,087) CompAriitivos for movement in funds Net movenient in funds At 3113124 At 114123 Unrestrl¢ted funds General fund 2,528 (461) 2,067 Resti'icted funds Restricted 6.0(Xi (6.000) TOTAL FUNDS 8,528 {6.461) 2,067 Page 8 continued...
O)vnershi at Work Notes to the Financial Statements- continued for the Year Ended 31 larCh 2025 MOVEMEIYT IN FUNDS- continued Comparative net movement in fund& included in the above are &8 follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 56.976 (57,437) (461) Restricted fund5 Restricted {6.000) (6.000) TOTAL FUNDS 56,976 (63.437) (6,461) A current year 12 months and prior year12 months Combined position is as follows: Net movement in ndS At 3113125 At 114123 Unrestricted fund$ General fund 2.528 (2,548) (20) Restricted fund$ Restricted 6,000 (6,000) TOTAL FUNDS 8,528 (8,548) (20) A current year 12 montlis and prior year 12 months combined net movement in funds, included in the Ibove are as follows., Incoming re50urees Resources expended Movement in funds Unrestricted funds General nd 58,226 (60,774) {2,548) R¢stri¢t¢d funds Restricled (6,000) (6,000) TOTAL FUNDS 58.226 (66.774) (8.548) Page 9 continued...
Owneishi at Work Notes to the Finaneial Statements - continued for the Year Ended 31 fvlareh 202) RELATED PARTY DISCLOSURES There were no related party transaaions for the year ended 31 March 2025.
Ownershi atwork Detailed Statement ofFinancial Activitl¢5 foi. the Year Ended 31 llarch 2025 3113125 3113124 INCOME AND ENDOWMENTS Donations and sponsorslLiPS Donations and sponsorship 1,250 56,976 Total incoming resourtes 1,250 56,976 EXPENDITURE Charitable activities Consultant fees Insurance Advertising 2,593 56.199 340 3.240 2,593 59,779 Suppo1* costs Flnance Bank charges 107 90 Governance eosts Accoiinlancy and legal fees 637 3.568 Total resources expended 3,337 63,437 Net expenditure (2,087) (6,461) This patre does not fomi part of the statutory financial statements Paoell