Charity registration number 1158065
Company registration number 08021909 (England and Wales)
OSWIN PROJECTS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
OSWIN PROJECTS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Andrew Chrisp
Mr Peter Taylor
Ms Pam Walker
Mr Eric Connor
Mr Henry Humble
Ms Stacey Richardson
(Appointed 29 November 2022)
Chief executive officer
Fiona Sample
Charity number
1158065
Company number
08021909
Registered office
The Estates Office
Bothal Castle
Morpeth
Northumberland
England
NE61 6SL
Independent examiner
Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE2 1TJ
OSWIN PROJECTS
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
6
Statement of financial activities
7 - 8
Balance sheet
9
Statement of cash flows
10
Notes to the financial statements
11 - 18
OSWIN PROJECTS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 30 April 2023.

 

The trustees present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of 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).

 

Context

Prisons, devoid of rehabilitation, incubate crime. On 30th April 2023 there were 84,658 in prison in England and Wales. Under the Ministry of Justice’s own definition of safety and decency, the prison estate should not hold more than 76,808 people. Overcrowding militates against effective rehabilitation and is economically detrimental. The annual financial impact of recidivism in England & Wales is estimated to exceed £18 billion. Keeping just one person in prison costs an average of £48,000 per year. The personal and social costs are greater still as reoffending means more victims of crime. Clearly the current system isn’t working: The average prisoner in England & Wales has over 19 prior convictions. Short sentences (1 year or less) see reoffending rates above 63%, creating a revolving door effect. The Northeast has recorded the worst reoffending rates in England & Wales for over a decade. This can only be changed through the rehabilitative approach exemplified by The Oswin Projects crucial work.

 

Objectives and activities

 

The Oswin Project aims to reduce reoffending through a comprehensive programme of mentoring, training and paid work placement. We change perceptions, bringing together prison leavers, employers, and other key stakeholders at our impact events. Through our enterprise we enable prisoners to train and gain qualifications both in prison and on release. They also provide a funding stream which is gradually reducing our dependence on grants form trusts, foundations and individuals.

 

The Oswin Project capitalises on the rehabilitative potential of employment and training; not just providing work, but also the skills and attitudes to live an independent, crime-free life.

Prisoners/prison leavers join us at various points on their journey. We engage with serving prisoners through our partnership with HMP Northumberland, and prison leavers through continuing support, self-referrals, and referrals (e.g. jobcentre, probation, other charities). Initial meetings assess service user’s needs and help them develop their own goals. We then work together to establish the best way forward. We operate four main initiatives:

Directly Mentoring People with Criminal Records with Supported Access to External Employers and Training: providing CV development, help finding work (including through our network of employers), support accessing relevant training, and advice on disclosing criminal records to employers. Since April 2022 our mentor manager has worked directly with 74 individuals. 43 have been supported into employment or training and an additional 31 have been helped with writing disclosure statements.

Café 16 HMP Northumberland: Café 16 in HMP Northumberland is a café-bakery staffed by a team of prisoners, led by an experienced Café Manager and Assistant Manager. The café/bakery is based inside HMP Northumberland and serves prison staff and the prisons visitors’ centre. Over the last year team in the Prison have mentored, supported and trained over 35 people.

 

Café 16 in Newcastle Cathedral: Café 16 in Newcastle Cathedral builds a bridge of opportunity between prison and the workplace. Those trained in our prison café can “graduate” to the Cathedral Café on release, here, they can continue their training and receive additional support. We also offer ROTL (release on temporary licence) placements, in which serving prisoners can spend time working in our Cathedral Café to help acclimatise them to life outside prison in preparation for release. Baked goods sold in Café 16 in the Cathedral are produced in our HMP Northumberland site. Since March '22, our Newcastle Cathedral Café has employed 10 people with criminal records and provided short term work placements for a further 5 people and volunteering opportunities for 20. The Cafe is busier than ever, with takings in April up 50% compared with the same month last year.

 

 

 

OSWIN PROJECTS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -

Inside & Out: employs and trains prison leavers to undertake gardening, forestry, and property maintenance work. The team leader and deputy leader draw on their lived experience of the criminal justice system, which provides them with great insight into how best to engage and support prison leavers. Mirroring the synergy of our Café’s, those who will “graduate” from our Growing Out gardens in HMP Northumberland can continue their training while working as part of the Inside & Out team. This year the team’s focus has been on larger scale landscaping, forestry, building and maintenance work on rural estates in Northumberland. The team have recently completed 2 LANTRA qualifications; a 2-day chainsaw maintenance & cross cutting then a 5 day chainsaw basic tree felling. We have employed 6 people on the team since last year, with a further 5 offered short term work placements.

Whatever pathway is taken, the Oswin Project provides a tailored package of 1:1 support and mentoring. Where needs fall outside our area of expertise, (e.g., housing, mental health) we work with partner organisations to assure the best possible network of support. Our process is long term, typically working with individuals for over 6 months.

The goal is for service users to progress to employment outside of the Oswin Project, having gained the necessary personal skills to remain employed and avoid reoffending. We aim to support a minimum of 50 prisoners/prison leavers each year.

 

Achievements and performance

Changing Perceptions

We enhance the impact of our work through events aimed at advocacy and creating opportunities.

 

The Oswin Project Conference

 

Our employment conference brought together key stakeholders across criminal justice including employers, prison and probation staff, third sector organisations, and those with lived experience of criminal justice. The event consisted of idea sharing, networking, and reflections of the lived reality of the justice system. Delegates commented the event was “true collaboration and attention to detail at their best”, with another writing:

 

“As part of the probation service, it has been deeply insightful to see the extent to which education training and employment is an issue nowadays, and how we can all pull together to help fix this”.

 

Green Open Day

 

In collaboration with the New Futures Network, the first of our Green Open days advocated for the employment of prison leavers and prisoners (released on temporary licence) to address the shortfall of workers in agriculture. The event led to 165 jobs for prisoners and prison leavers at HMP North Sea Camp. In an article referencing the event, one delegate exemplified the change in perceptions the event sought to generate:

 

“Going to prison (to attend the event) has profoundly altered how I see the world… I realised the social benefits of creating work for offenders are even greater than the commercial ones” (Matthew Naylor – Farmers Weekly).

 

In June 2022 a similar event was held at HMP Kirkham, although it is too soon to measure the impact of the event.

 

Social impact

Our clients are supported by our mentor manger, team leaders and volunteers with relevant experience. Our robust monitoring and evaluation process is continually reviewed and developed. During the year April 2022- April 2023 the Oswin Project supported more than 75 people.

OSWIN PROJECTS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -

Nick's Story

Before joining the Oswin Project, Nick remembers feeling ‘nervous about the world and ashamed of my past. I could not see a way of progressing to integrate myself back into society’. He met an Oswin volunteer who talked to him about the Oswin Project and encouraged him to organise a meeting with the team. Nick started volunteering in Café 16 in the Cathedral, after a few sessions he wrote to the Mentor Manager. ‘I just wanted to let you know how much I enjoyed the Café on Saturday….I really felt I was making a contribution to something again’.

His confidence growing, Nick was prepared to try something new and started working with the Inside and Out team. Here he had to develop his ‘physical fitness and stamina (that I never had before)’. He recalls how the physical work helped with ‘anxiety and my confidence in what I am doing and what I can achieve’.

Nick has learnt new skills ‘I can now build and maintain walls, carry out forestry work (having achieved the appropriate qualifications for felling trees using a chainsaw), maintain gardens, drive larger vehicles and paint and decorate to a professional standard’. Not only is he an integral member of the team, Nick is also a great mentor and supporter to others. He tells us he has “lost the: it is beyond my capabilities attitude” and “learned that setbacks are temporary and just part of the journey, they are not the end of a journey,’

When asked what he had found most valuable when working with and the Oswin Project, he says:

‘Just being part of a team has had a positive effect of morale due to the camaraderie. However, talking issues through with people who are ready to listen is a big part of Oswin. Sometimes that’s all that’s needed. But, for when that’s not enough, advice about how to proceed/solve the problem (or where to go to get that advice) has been invaluable.’

Public benefit

The trustees are mindful of the legal requirement that all charities must have charitable purposes which are fit for public benefit. We will continue to build our activities ensuring they meet this requirement at the same time as contributing to our financial stability.

Funders 2022-23

Thanks are owed to all our private donors and for the grants received from the following:

Lloyds Bank Foundation for England & Wales, Bromley Trust, Sir James Knott Trust, The Worshipful Company of Drapers, Diana Ashcroft Charitable Trust, Tudor Trust, Vardy Foundation, CLA, WA Handley Trust, Charles Hayward Foundation, Roy & Pixie Baker Trust, Bernicia Group, Barbour Foundation, Garfield Weston Trust, G S May Family Fund, High Sheriff of Northumberland Youth Against Crime Award Scheme, North East ROIF through Probation, Badur Foundation, Christopher Rowbotham Charitable Trust, Kerry Grassroots Fund at the Community Foundation ,Pease Charitable Trust, The Hokey Cokey Fund at the Community Foundation, William Leech Trust, Wyfold Charitable Trust, L G Harris Trust, Newcastle Building Society at the Community Foundation, AB Charitable Trust, Hospital of God and 1777 Debtor's Relief Funds Charity.

Financial review

Income for the year totalled £666,205 (2022: £372,531) with expenditure of £525,237 (2022: £417,618). At the year end the charity had total reserves of £334,359 (2022: £193,391) of which £170,639 (2022: £128,159) were classed as free reserves (unrestricted reserves not tied up in fixed assets). There were also £80,781 (2022: £Nil) within restricted reserves.

Reserves policy

The Trustees reserves policy is to hold 4 months operation costs in reserve. Free reserves of the charity currently stand at £170,639. The Oswin Project would like to thank those who have so generously given financial support over the year. We achieved sufficient received grant funding to cover the core costs of our management and administration, in addition to the costs associated with the range of activities listed.

OSWIN PROJECTS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -

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. The Charity has adopted a risk management strategy. The risk management strategy forms part of the Charity's overall internal control structure and corporate governance arrangements. The strategy provides definitions of relevant terminology and details responsibility and accountability within the Charity. The strategy also describes the management process, including the identification and measurement of risks and the main reporting arrangements. Risk appetite is the term used to determine the amount of risk that is appropriate for the Charity.

 

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Andrew Chrisp
Mr Peter Taylor
Ms Katherine Oliver
(Resigned 27 July 2022)
Ms Pam Walker
Mr Eric Connor
Mr Michael Cole
(Resigned 16 January 2023)
Mr Henry Humble
Ms Stacey Richardson
(Appointed 29 November 2022)

Recruitment and appointment of new trustees

Occasionally it is necessary for the Charity to recruit new Trustees to replace those that have resigned during their term of office, or due to a planned retirements after the completion of the fixed three-year term (this can be extended by a further 3 years with Board approval). Appointments are made to fill identified skill need, with CV scrutiny then following interview procedures conducted by the Chair of Trustees, CEO and one other trustee. The induction and training of Trustees is the responsibility of the Board and is arranged on an individual or collective basis as appropriate.

 

The induction and training of Trustees is the responsibility of the Board and is arranged on an individual or collective basis as appropriate.

 

Organisational structure:

The Charity is governed by a Board of Trustees. The Board meets a minimum of four times a year, or as is required, to deal with any specific issues. We have established sub committees covering Finance & Audit, Marketing & Communications, Governance and Social Impact. Trustees hold responsibilities for these different areas and report their findings and recommendations at Board meetings. The induction and training of Trustees is the responsibility of the Board and is arranged on an individual or collective basis as appropriate.

 

Conclusion

Despite the economic vicissitudes of the past year, characterised by rising inflation rates, demand for the Oswin Project’s services and its enterprises continues to grow. Sadly, so does the necessity for its work. The Oswin Project aims to be ‘best of brand’. To achieve this the charity focused on the quality of its mentoring and training. Through this, successful outcomes are ensured. Impact rather than large numbers of clients who cannot be effectively supported, are key to our ethos and our success.

OSWIN PROJECTS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
Statement of trustees' responsibilities

The trustees, who are also the directors of Oswin Projects for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

The trustees' report was approved by the Board of Trustees.

Ms Pam Walker
Trustee
Dated: 19 November 2023
OSWIN PROJECTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OSWIN PROJECTS
- 6 -

I report to the trustees on my examination of the financial statements of Oswin Projects (the charity) for the year ended 30 April 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants of England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no 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 charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4

the financial statements 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the 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 should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
NE2 1TJ
England
Dated: 29 November 2023
OSWIN PROJECTS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2023
- 7 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2023
2023
2023
2022
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
2
211,368
129,349
340,717
199,740
Other trading activities
3
321,688
-
321,688
172,791
Other income
3,800
-
3,800
-
Total income
536,856
129,349
666,205
372,531
Expenditure on:
Charitable activities

Project and running costs

4
482,023
43,214
525,237
417,618
Total charitable expenditure
482,023
43,214
525,237
417,618
Net incoming/(outgoing) resources before transfers
54,833
86,135
140,968
(45,087)
Gross transfers between funds
5,354
(5,354)
-
-
Net income/(expenditure) for the year/
Net movement in funds
60,187
80,781
140,968
(45,087)
Fund balances at 1 May 2022
193,391
-
193,391
238,478
Fund balances at 30 April 2023
253,578
80,781
334,359
193,391

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
OSWIN PROJECTS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2023
- 8 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
84,230
115,510
199,740
Other trading activities
3
172,791
-
172,791
Total income
257,021
115,510
372,531
Expenditure on:
Charitable activities

Project and running costs

4
319,290
98,328
417,618
Total charitable expenditure
319,290
98,328
417,618
Net incoming/(outgoing) resources before transfers
(62,269)
17,182
(45,087)
Gross transfers between funds
25,512
(25,512)
-
Net income/(expenditure) for the year/
Net movement in funds
(36,757)
(8,330)
(45,087)
Fund balances at 1 May 2021
230,148
8,330
238,478
Fund balances at 30 April 2022
193,391
-
193,391
OSWIN PROJECTS
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 9 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
9
82,939
65,232
Current assets
Stocks
13,248
5,741
Debtors
10
39,141
30,255
Cash at bank and in hand
230,297
115,442
282,686
151,438
Creditors: amounts falling due within one year
11
(31,266)
(23,279)
Net current assets
251,420
128,159
Total assets less current liabilities
334,359
193,391
Income funds
Restricted funds
12
80,781
-
Unrestricted funds - general
253,578
193,391
334,359
193,391

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 19 November 2023
Ms Pam Walker
Trustee
Company Registration No. 08021909
OSWIN PROJECTS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2023
- 10 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
16
141,119
(29,727)
Investing activities
Purchase of tangible fixed assets
(30,064)
(25,220)
Proceeds from disposal of tangible fixed assets
3,800
-
Net cash used in investing activities
(26,264)
(25,220)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
114,855
(54,947)
Cash and cash equivalents at beginning of year
115,442
170,389
Cash and cash equivalents at end of year
230,297
115,442
OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 11 -
1
Accounting policies
Charity information

Oswin Projects is an incorporated charity (charity number 1158065). The registered office is based at The Estates Office, Bothal Castle, Morpeth, Northumberland, NE61 6SL.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.5
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.

 

OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 12 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight line
Motor vehicles
25% reducing balance
1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 13 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
general
general
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
31,723
90,995
122,718
11,256
-
11,256

Grants

179,645
38,354
217,999
72,974
115,510
188,484
211,368
129,349
340,717
84,230
115,510
199,740
Analysis of grants
The Bromley Trust
20,000
-
20,000
-
-
-
The Tudor Trust
60,000
2,000
62,000
-
-
-
Greggs Foundation
-
-
-
-
5,000
5,000
LLoyds Bank Foundation
2,275
-
2,275
50,000
-
50,000
The Joicey Trust
-
-
-
3,000
-
3,000
The Cathedral Trust
-
-
-
-
23,040
23,040
The Community Foundation
4,870
8,354
13,224
3,119
34,970
38,089
Society of the Holy Child Jesus
-
-
-
-
25,000
25,000
The Garfield Weston Foundation
30,000
-
30,000
-
-
-
The Sir James Knott Trust
15,000
-
15,000
5,000
-
5,000
Other
47,500
28,000
75,500
11,855
27,500
39,355
179,645
38,354
217,999
72,974
115,510
188,484

Other grants consists of £Nil (2022 : £5,000) from The Barbour Foundation, £Nil (2022 : £5,000) from the Grocers Charity, £Nil (2022 : £10,000) from the Finnis Scott Foundation, £Nil (2022 : £5,000) from the Postcode Trust, £Nil (2022 : £3,000) the Souter Charitable Trust, £Nil (2022 : £1,000) from the RW Mann Trust, £Nil (2022 : £1,200) from the Rothley Trust, £Nil (2022 : £655) from the Finn Family Trust, £Nil(2022 : £500) from the CS Rowbotham Charitable Trust, £Nil (2022 : £500) from the Sir David Kelly Foundation, £5,000 (2022: £Nil) from the WA Handley Trust, £3,000 (2022 : £Nil) from the Roy and Pixie Baker Trust, £3,000 (2022 : £Nil) from the Hospital of God, £1,000 (2022 : £Nil) from the Lord of Lieutenants service, £15,000 (2022 : £Nil) from the AB Charitable trust, £5,000 (2022 : £Nil) from the L G Harris trust, £2,500 (2022 : £Nil) from the Wyfold charity, £2,000 (2022 : £Nil) from the 1772 trust, £5,000 (2022 : £Nil) from the William Leach Charity, £14,000 (2022 : £Nil) from the Badur foundation, £10,000 (2022: £Nil) from the Charles Hayward foundation.

OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 14 -
3
Other trading activities
Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£

Paint and decorating project

-
1,843

Gardening and maintenance

103,099
31,893

Cathedral cafe 16 sales

125,904
67,232

HMPN cafe 16 sales

78,395
68,397

Other trading activities

14,290
3,426
Other trading activities
321,688
172,791

 

4
Charitable activities

Project and running costs

Project and running costs

2023
2022
£
£
Staff costs
322,608
207,091
Depreciation and impairment
12,357
10,274

Repairs and renewals

2,906
15,324

Insurance

2,427
2,574

Premises and running costs

11,250
2,000

Decorating project costs

23,271
43,454

Bakery project costs

96,150
75,995

Cathedral project costs

30,402
38,555
501,371
395,267
Share of support costs (see note 5)
23,866
22,351
525,237
417,618
Analysis by fund
Unrestricted funds - general
482,023
319,290
Restricted funds
43,214
98,328
525,237
417,618
OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 15 -
5
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£

Telephone

2,395
-
2,395
2,358
-
2,358

Printing and advertising

1,929
-
1,929
2,741
-
2,741

Legal and professional

6,679
-
6,679
7,910
-
7,910

Independent examiners fees

1,077
-
1,077
1,115
-
1,115

General

11,786
-
11,786
8,227
-
8,227
23,866
-
23,866
22,351
-
22,351
Analysed between
Charitable activities
23,866
-
23,866
22,351
-
22,351
6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Management
1
1
Other
17
10
Total
18
11
Employment costs
2023
2022
£
£
Wages and salaries
299,810
193,964
Social security costs
17,232
9,383
Other pension costs
5,566
3,744
322,608
207,091

Key management remuneration consists of the chief executive officer, mentor manager, and project managers. Key management remuneration of £135,713 (2022: £109,308) was paid during the year.

There were no employees whose annual remuneration was more than £60,000.
OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 16 -
8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 May 2022
64,877
29,388
94,265
Additions
11,966
18,098
30,064
Disposals
-
(9,000)
(9,000)
At 30 April 2023
76,843
38,486
115,329
Depreciation and impairment
At 1 May 2022
18,335
10,699
29,034
Depreciation charged in the year
7,684
4,672
12,356
Eliminated in respect of disposals
-
(9,000)
(9,000)
At 30 April 2023
26,019
6,371
32,390
Carrying amount
At 30 April 2023
50,824
32,115
82,939
At 30 April 2022
46,543
18,689
65,232

 

10
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
8,003
4,922
Prepayments and accrued income
31,138
25,333
39,141
30,255
11
Creditors: amounts falling due within one year
2023
2022
£
£
Other taxation and social security
2,774
5,482
Trade creditors
26,271
14,843
Other creditors
1,141
1,979
Accruals and deferred income
1,080
975
31,266
23,279
OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 17 -
12
Restricted funds
Movement in funds
Balance at
1 May 2022
Incoming resources
Resources expended
Transfers
Balance at
30 April 2023
£
£
£
£
£
Bakery fund
-
25,000
-
-
25,000
Mentoring project
-
86,995
(32,200)
-
54,795
Cathedral fund
-
15,354
(10,000)
(5,354)
-
Wellbeing fund
-
2,000
(1,014)
-
986
-
129,349
(43,214)
(5,354)
80,781

Restricted funds

 

Bakery fund - this fund represents funding received for the development of the new bakery and for the running of the Café 16 project.

 

Mentor fund - this relates to funding received to pay wages and associated costs towards the mentoring project.

 

Equipment fund - this represents a one off grant from Beatrix Laing for the purchase of bakery equipment.

 

Project coordinator fund - this relates to funding received towards wages on introduction of a new coordinator role.

 

Cathedral fund - this represents funding received for the development of the new Cathedral Café 16.

 

Vehicle fund - this represents two one off grants for the purchase of a van.

 

Wellbeing fund - this represents a one off grant received towards the wellbeing of staff and volunteers.

13
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fund balances at 30 April 2023 are represented by:
Tangible assets
82,939
-
82,939
65,232
-
65,232
Current assets/(liabilities)
170,639
80,781
251,420
128,159
-
128,159
253,578
80,781
334,359
193,391
-
193,391
14
Related party transactions
OSWIN PROJECTS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
14
Related party transactions
(Continued)
- 18 -

During the year, the charity employed Mrs C Chrisp - wife of trustee Mr A Chrisp. The employment is on a normal commercial basis.

 

There were no other related party transactions in the year to disclose.

15
Liability of members

The charity is a private company limited by guarantee. The liability of the members, who are the Trustees, is limited and every member undertakes to contribute to the assets of the company, in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member, for the debts and liabilities of the company contracted before he or she ceased to be a member and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required not exceeding one pound.

16
Cash generated from operations
2023
2022
£
£
Surplus/(deficit) for the year
140,968
(45,087)
Adjustments for:
Gain on disposal of tangible fixed assets
(3,800)
-
Depreciation and impairment of tangible fixed assets
12,357
10,274
Movements in working capital:
(Increase) in stocks
(7,507)
(5,684)
(Increase)/decrease in debtors
(8,886)
2,254
Increase in creditors
7,987
8,516
Cash generated from/(absorbed by) operations
141,119
(29,727)
17
Analysis of changes in net funds

The charity had no debt during the year.

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