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 Gr0￿h 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
Pl￿dS 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 prepa￿1 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