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| COWLEY ROAD WORKS COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES
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7 oe 7 _ + Accounts for the year ended 30 September 2024 oe
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Charity Number ‘ 1118902
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Company Number 06181276 ae (England and Wales) ;
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~GOWLEY ROAD WORKS | EIS SRE eS os —.-- Financial Statements forthe year ended 30 September 2024 =. _ oS ; Directors (who are also the Trustees of the Charity) are also the Trustees of the Charity) also the Trustees of the Charity) the Trustees of the Charity) Trustees of the Charity) of the Charity) the Charity) Charity) Se | yee | Sarah Connor . os Pax Nindi oo ore . oe he Zaheer-Qureshi a no or Micah Roachford : : ’ wea oe Aidan Larkin . | SEES BRS BRS Alex Singleton 7 ae ae eee Roy McEwen. Les : : Pee ee
a ; Directors (who are also the Trustees of the Charity) are also the Trustees of the Charity) also the Trustees of the Charity) the Trustees of the Charity) Trustees of the Charity) of the Charity) the Charity) Charity) Sons Sarah Connor . os Pax Nindi oo he Zaheer-Qureshi a ae or Micah Roachford : : oe Aidan Larkin . | eo Alex Singleton 7 ae eee Roy McEwen. Les :
ae or Micah Roachford : : ’ wea oe Aidan Larkin . | SEES BRS BRS eo Alex Singleton 7 ae ae eee Roy McEwen. Les : : Pee ee ) SSO Secretary and Registered Office... os . . peca Sos) eee ae Sarah Connor eens | Sees | Pegasus ©. a bes flets es) a “,Magdalen Road: f oes , aaa Oe Oxford pee een eae oo eee Independent Examiner coe ae | NA Accountants Ltd | : oe ee Ps Sandford Gate — ‘ : i Seeks ‘East Point Business Park oo . : a oo Oxford = oe Sees ae ee OX4 OLB ; : ess Pee
oa . Charity Number: 4448902. , ~- Company Number
~- 06181276
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~~ GOWLEY ROAD WORKS ROAD WORKS WORKS
GOWLEY ROAD WORKS ROAD WORKS WORKS . ba Directors Report for the year.ended 30 September 2024 ; The directors present their report together with the accounts for:the year ended 30 September 2024. These accounts have been prepared to comply with the requirements - of the Companies the Companies Companies Act and the 2005 SORP. and the 2005 SORP. the 2005 SORP. 2005 SORP. SORP. AES,
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7 of the Companies the Companies Companies Act and the 2005 SORP. and the 2005 SORP. the 2005 SORP. 2005 SORP. SORP. AES, . gd 9 GOVERNANCE & ADMINISTRATIVE DETAILS ceeeee ee 7 Status 7 . | . se - COWLEY:.ROAD WORKS is a company limited by guarantee with no share capital, _ oo _ governed by Memorandum and Articles of Association, and.is. a-registered charity, : number 1118902. - ees . cara ; Directors. : : ; Bnd - . . :COWLEY ‘ROAD. WORKS has a Board of Directors on which there can be a minimum of ce oe three and a maximum of ten.directors. They can be appointed by the members at the a , AGM, and_co-opted by the Directors at any time until the next AGM, on the basis ofthe =. ae oe,: - -company.expertise.and‘NewexperienceDirectors thatare theyidentified can throughbring to.theboth runningprofessionaland: developmentand other contacts of the...and noe aaaon : “- "by advertisement. ; The Directors of the company who served during the period were: . o
. Sarah Connor Pax Nindi .. - cs Zaheer Qureshi" , os. Micah. Roachford ; Aidan Larkin - Alex Singleton : a ~~ Roy McEwen : ee ; _
. - -$tructure ; re The Board of Directors
The Board of Directors meet as necessary, approximately every month.
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Day to day responsibility is delegated to freelance staff and to particular board members in specific areas, whilst strategic and policy decisions are taken by the Board of Directors.
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Risks Boe The board has examined the major strategic, business and operational risks which the charity faces and can confirm that systems have been established to mitigate the significant risks. : :
Reserves Policy
The board believe that the sustainability of the charity is of critical importance, particularly in the current challenging fundraising environment. It is viewed therefore that an appropriate policy is to endeavour to establish and maintain reserves to a level of c. 50% of the anticipated annual expenditure of the Company if it is reasonably practicable to do so. ,
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: PROGRAMME OF WORK , , aan. wee The Company’s Purpose : The objects of the company, as set out in its Memorandum, are: . Me | 1, to. promote general charitable purposes for the benefit of the public in Oxfordshire, a i in particular, but not exclusively, the residents.of East Oxford and the surrounding | area, hereafter referred to as the ‘area of benefit a ; jo 2... to relieve financial hardship and social and/or economic disadvantage ; sy Oe a, 3. fo. promote, for.the benefit of the inhabitants of the area.of benefit, the provision of ve an Js facilities for the recreation or other leisure time occupation of individuals who have bs ie need. of such facilities by reason. of their youth, age, ‘infirmity. or disablement, ° oe ee gh “financial hardship or social.and-economic circumstances, or for:the public at large oe a aa in the interests of social welfare, and with the object of improving the conditions of ce | oe, life of the said inhabitants eae - i 4, to advance education of the public, in particular but not exclusively inthe arts and ; ae -.. world cultures and in environmental issues Les : va 5...» to promote the maintenance, improvement or provision of public amenities : - ae :.. “.~.Within the context of these purposes, the mission and objectives of the company, are: - . one Mission:To engage and= celebrate diverse communities through an annual Carnival; the charity's : . poy flagshipwide, cultural:communityengagement.event, and springboard for CRW's year-round programme- of county 2a Objectives: ce i ae * Engage diverse communities through.exposure to excellence in arts and culture. , : _ © Deliver.a rolling programme of county wide outreach : : : -. ® Create opportunities to nurture talent, skills and development : * Continue to build a sustainable organisation, providing meaningful social.impact, from a — strong funding base. ° " The main event organised.by the company each year is the production of the Cowley: Road.Carnival, the biggest cultural community event In the region. It celebrates the rich ' . diversity of culture in our City and the varied talents of performers and artists, both professional and amateurs. Audience feedback confirms it is a unique and much-loved “event embedded in the community. os : ;
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On Sunday 18! September, the traffic on the Cowley Road stopped, everyday life put aside, and the road reverberated to the exuberance, rhythm and colours of. Carnival. : This year’s theme “Our Nature, Our Future” was embraced and sawa terrific interpretation from a wide cross section of the East Oxford community. .The[ weather] was very kind and aided the success of what was a very vibrant. and energetic carnival.
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Future Plans
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The organisation is struggling to rebuild the organisation from the decline that it _ experienced during the pandemic and in the years immediately after it. The organisation is determined to make some key decisions this year with regard to the future of the organisation.
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FINANCIAL REVIEW | ee - .: Statement of Directors' Responsibilities : Company law requires the directors to prepare accounts for.each financial period. which _. give a true and fair view of the state of the affairs of the company.and of the surplus or deficit of the company for that period. In preparing those accounts the directors are required to: mak a
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. = select suitable accounting policies and apply them consistently; . «make judgements and estimates that are reasonable and prudent; : prepare the accounts on the going concern basis unless it is inappropriate.to presume that the company will continue in business. =
- The directors are responsible for keeping proper accounting records which disclose with. ae aa ..‘reasonable accuracy at any time the financial position of the company and to enable ° them to.ensure that the accounts comply with the Companies Act 1985. They are also. responsible for safeguarding the assets of the company and hence for.taking reasonable «. ~’..Steps-for the prevention and detection of fraud and other irregularities. ae way ~The Directors confirm that: . e | | ee Snares ~ as far as each Director is aware, there is no relevant information (information needed by : the independent examiner in connection with preparing his report) of which the. : oo ~vCompany's independent examiner is unaware, and : : ‘= gach Director-has taken all the steps that they ought to have taken as a Director.in order to make themselves aware of any relevant information.and to establish that the Company's independent examiner is aware of that information. .* ». The above report has been prepared in accordance with the special provisions relating to ; small'companies within Part 15 of the Companies Act 2006 and with the Financial . : Reporting Standard for Smaller Entities (effective April 2008). An independent examiner's report isincluded on page 5, a . . ae
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_ . By order of the Board.
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Sarah Connor Secretary : Solace a
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pn COWLEY ROAD WORKS | | cen _ Independent Examiner's Report to the Board of Directors of COWLEY. ROAD . -] report on the accounts of the charity for the year ended 30 September 2024, which are , ae - -set out on.the subsequent pages of this report. . eaten | Ooh ~ ~TheRespectivecharity's responsibilitiestrustees are responsible of directofo r sthe andpr e parationxaminerof the | accounts.eesThe charity's | | 2... frustees consider that an audit is not required for the year (under-section 43(2) of the es + Charities Act 1993 (the 4993 Act)) and that an independent examination is needed. ’ i - ~-Itis my responsibility to: . ee . : os ue :. aae . +«examine.. to follow thethe accountsprocedures(underlaid down section-43(3)(a)in the Generalof theDirections1993 Act); given by the.8s fee .BOSE osTe * toCharity state whetherCommissionparticular(under matters sectionhave43(7)(b) comeof the to my1993 attention.Act); and : ‘3 z - ‘Basis of independent examiner’s report or Pees : eee My examination was carried out in accordance with the General Directions givenby the nes _ “>~ 3 theCharitycharityCommission.and a comparison An examinationof the accountsincludespresenteda review ofwith thethoseaccountingrecords.recordsIt alsokept by aa7 a Bk, includes consideration of any unusual items or disclosures in the accounts, and seeking... vise | : explanations from you as trustees concerning any such matters. The procedures : ens undertaken do not provide all the evidence that would be required in an audit, and: : oe consequently | do not express an audit opinion on the view given by.the accounts. a | eres Independent examiner’s statement . : : ee (1)In.-connection which giveswithme myreasonable examination,causenotomatterbelieve hasthat.in comeanyto mymaterial attention:respect the , . : . ar - requirements : . | Den PL «to keep accounting records in accordance with section.41 of the 1993 Act; . oe . and =. fone me : * — to prepare accounts which accord with the accounting records and comply eS with the accounting requirements of the 1993 Act have not been met; or ; _ (2) to which, in. my opinion, attention should be drawn in order to enable a proper .... ‘understanding of the accounts to be reached, :
Mr Hamdan Niaz Abbasi FCCA
HNA Accountants Ltd Sandford Gate East Point Business Park Oxford a ; OX4 6LB 4 Date: 5h, Fetrctactry2025 oo
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COWLEY ROAD WORKS
| 7 | COWLEY ROADROAD WORKS | COWLEY ROADROAD WORKS | ||||
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| StatementofFinancialActivitiesfortheyearended30September 2024 | 2024 2024 |
2024 | ||||
£ £ £ £ |
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Note Unrestricted Restricted Total Total |
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| Incoming resources | ||||||
| VoluntaryIncome | ||||||
| Donations | 2,739 | - | 2,739 | 1,921 | ||
| Charitable activities | ||||||
| Grants | 3 | 60,400 | -~ | 60,400 | 1,750 | |
| Earned income | - | - | - | - | ||
| Sponsorship and fundraising | 17,499 | - | 17,499 | 704 | ||
| Interest received | 673 | - | 673 | 761 | ||
| Total Incoming Resources | 81,311 | ~ | 81,311 | 5,136 | ||
| Resources Expended | ||||||
| Charitable Activities | ||||||
| Staffing | . | 15,540 | - | 15,540 | 9,890 | |
| Insurance | 3,479 | - | 3,479 | : | ||
| Staff expenses | 795 | - | 795 | 1,139 | ||
| Administration | 2,505 | - | 2,505 | 559 | ||
| Production | 51,215 | - | 51,215 | 5,590 | ||
| Quireach and project costs | 26 | - | 26 | 251 | ||
| Marketing | 7,531 | - | 7,531 | 2,234 | ||
| 81,091 | - | 81,091 | 19,163 | |||
| Governance Costs | 4 | 1,000 | - | 1,000 | 800 | |
| Total Resources Expended | 82,091 | - | 82,091 | 19,963 | ||
| Net Incoming (Outgoing) Resources | (780) | 0 | (780) | (14,827) | ||
| Transfers Between Funds | - | - | - | - | ||
| Total Funds Brought Forward | 30,305 | - | 30,305 | 45,132 | ||
| TotalFundsCarriedForward | 29,525 | - | 29,525 | 30,305 |
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Smalier Entities Entities | (effective (effective April 2008). - : : : : ‘b) For the financial year ended 30.September 2024 the company was entitled to exemption frorn audit 5 : ‘under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to.” : : _.., section 476, requiring an audit of these financial statements under the requirements Act 2006. . : of the Companiessei as : C) The directors acknowledge their responsibilities for ensuring that the company keeps accounting ‘records which comply with section 386 of the Act and for preparing financial statements which give a true : a and fair view of the state of affairs of the company as at the end of the financial period and of its profit or : loss for the financial period in accordance with the requirements of sections 394.and 395 and which ; : otherwise comply with the requirements of. fhe Companies Act 2006 relating to accounts, so far as ‘ ‘ : applicable to the company. ; i
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|fo|COWLEY ROAD WORKS|
|ai|ak|Balance|Sheet|at 30|September 2024|
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|Current Assets|;|;|
|||-|Debtors and accrued|income|-|-|
|30,525|31,105|
|||Cash at bank and in hand:|30,525|31,105|—|
|:|~~|Liabilities|ee|
|_|Creditors|and|accruals|;|.|
|me|~|Current|Liabilities|aa|,|(1,000)(1,000)|~~|(800) (800)|
|“Total Assets|less Current|Liabilities|29,526|30,008|
|The Funds of the Charity|oe|
|!|-|-|Unrestricted|funds|29,525|30,305|
|-|Restricted|funds|;|,|ae|-|
|Is|Total|Charity|Funds|29,525|30,305|
|:|a)|These accounts|have been prepared|in|accordance|with|the special|provisions|relating|to small|
|ce|companies within|part|15|of the Companies Act 2006 andwith|the|Financial|Reporting|Standard|for|:|:|
|.|Smalier Entities Entities|| (effective (effective|April|2008).|-|:|:|
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Approvedbehalfby: by-the—Ce board of directors on Sn dealt. 2025 and signed on its
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COWLEY ROAD WORKS
Notes to the Financial Activities for the year ended 30 September 2024
1 Accounting policies
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1.1. Basis of preparation of financial statements
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The financial statements are prepared under the historical cost convention and in accordance with applicable Accounting and Reporting by Charities: Statement of Recommended Practice (Revised SORP 2005).
1.2 Income
Income is included in the Statement of Financial Activities (SoFA) when : - the charity becomes entitled to the resources - the trustees are virtually certain that they will receive the resources; and - the monetary value can be measured with sufficient reliability
- 1.3. Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
1.4 Governance costs
Governance costs include the preparation and examination of statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
2 Taxation
The charity is a charitable institution with exemption from UK taxation under section 505 of the Income and Corporation Taxes Act 1988.
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| 3 | GrantIncome | 2024 | 2024 | 2024 | 2023 | |
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| £ | £ | £ | £ | |||
| Unrestricted | Restricted | Total | Total | |||
| Ace Lottery | 41,500 | - | 41,500 | - | ||
| Brookes University | 2,500 | - | 2,500 | - | ||
| Oxford City Council | 16,400 | - | 16,400 | - | ||
| Oxford University | - | - | - | 1,750 | ||
| 60,400 | - | 60,400 | 1,750 | |||
| 4 | GovernanceCost | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |||
| Unrestricted | Restricted | Total | Total | |||
| Legal and professional costs | 1,000 | - | 1,000 | 800 | ||
| 1,000 | - | 1,000 | 800 |
5 The directors received no emoluments (2028- £nil) in the year for performing duties as Directors. They are entitled to claim legitimate expenses incurred on behalf of the company.
6 Constitution
The company is limited by guarantee and does not have any share capital.
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