## **OXFORD UNITED IN THE COMMUNITY**
## **A COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED**
**30 JUNE 2023**
**The MGroup Partnership Chartered Certified Accountants C9 Glyme Court, Oxford Office Village Langford Lane, Kidlington, Oxford OX5 1LQ**
**Company Registration Number: 06621199 (England and Wales) Charity Registration Number: 1125173**
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023**
|**CONTENTS**|**PAGES**|
|---|---|
|Charity information|1 to 2|
|Report of the trustees|3 to 11|
|Independent examiner's report|12 to 13|
|Statement of financial activities|14|
|Balance sheet|15 to 16|
|Notes to the financial statements|17 to 27|
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **CHARITY INFORMATION FOR THE YEAR ENDED 30 JUNE 2023**
## **PATRONS**
P Rhoades-Brown J Constable L Robinson
## **TRUSTEES**
J D Faulkner I D Hudspeth S J Bradney G A Box-Turnbull K Parker M D Everett Z M Nuseibeh N C McWIlliams
_Resigned September 2023 Resigned November 2022 Appointed November 2022_
## **CHAIR**
J D Faulkner
## **VICE CHAIR**
G A Box-Turnbull
## **TREASURER**
K Parker
## **SECRETARY**
The MGroup Secretarial Services Limited
## **SENIOR MANAGEMENT**
C Lowes - Head of Charity T Tarby-Donald - Head of Charitable Activities
_Resigned October 2023_
## **REGISTERED / PRINCIPAL OFFICE**
The Kassam Stadium Grenoble Road Oxford OX4 4XP
## **COMPANY REGISTRATION NUMBER**
06621199 (England and Wales)
## **CHARITY REFERENCE NUMBER**
1125173
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **CHARITY INFORMATION FOR THE YEAR ENDED 30 JUNE 2023**
## **INDEPENDENT EXAMINER**
The MGroup Partnership Chartered Certified Accountants C9 Glyme Court Oxford Office Village Langford Lane Kidlington Oxford OX5 1LQ
## **SOLICITORS**
Gateley PLC One Eleven Edmund Street Birmingham B3 2HJ
## **BANKERS**
Barclays Bank PLC Cowley Oxford
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
The Trustees present their Annual Report (which also serves the purposes of both a Trustees' report and Directors' report under company law) for the year ended 30 June 2023 under the Charities Act 2011, 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) together with the independently examined financial statements for the year.
The comparative figures are for the year ended 30 June 2022.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a company limited by guarantee under its Memorandum and Articles of Association. The company was incorporated on 16 June 2008 and became a registered charity on 24 July 2008.
The charity formally changed its legal name by Special Resolution dated 20 February 2019 from Oxford United FC Youth and Community Sports Trust to Oxford United in the Community.
Patrons: Peter Rhoades-Brown James Constable Les Robinson
## Senior management:
Tim Tarby-Donald - Head of Charitable Activities (Interim Contract) _Resigned October 2023_ Chris Lowes - Head of Charity
The trustees, who are also directors for the purpose of company law, and who served during the year are as follows:-
J D Faulkner I D Hudspeth S J Bradney G A Box-Turnbull K Parker M D Everett _Resigned September 2023_ Z M Nuseibeh _Resigned November 2022_ N C McWIlliams _Appointed November 2022_
None of the trustees has any beneficial interest in the company.
All the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
The charity is run by a Board of trustees who are responsible for the strategic direction of the organisation.
The trustees meet regularly to administer the charity.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued**
New trustees are recruited by direct invitation from the existing Board members and are identified either by the Board members or by referral to the Board.
In extending invitations account is taken of the skills present and needed around the Board table. New trustees are elected by the voting membership.
All trustees must be at least 18 years of age and capable of managing his or her own affairs. One third of the trustees must retire from office each year but may be reappointed if willing to stand.
The number of trustees shall be not less than three but shall not be subject to any maximum.
The charity works closely with Oxford United Football Club and is overseen and supported by the English Football League Trust (EFL Trust), the charitable arm of the English Football League (EFL).
## **TRUSTEE INDUCTION AND TRAINING**
New trustees are briefed on their legal obligations and responsibilities under charity law. They are also encouraged to familiarise themselves with the charity's constitution. As part of the induction process, new trustees will meet key employees and other trustees.
## **RISK MANAGEMENT**
The trustees are responsible for undertaking an annual risk assessment of the organisation and its activities. Any risks that the charity is exposed to would be discussed at general meetings as a matter of course.
## **LEGAL AND ADMINISTRATION INFORMATION**
Further legal and administration information is provided on pages 1 and 2 of these accounts.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued**
## **OBJECTIVES AND ACTIVITIES**
The Charity's objects are for the benefit of the public generally and, in particular, the inhabitants of Oxfordshire and its surrounding areas:
- (a) promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health ("facilities" in this case means land, buildings, equipment and organising sporting activities);
- (b) provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and
- (c) advance the education of children and young people through such means as the trustees think fit in accordance with the law of the charity.
## **PUBLIC BENEFIT**
When planning the charity's activities for the year consideration has been given to the Charity Commission's guidance on public benefit and the Trustees are satisfied they meet the requirements.
## **Our Vision**
Every person in Oxfordshire has a positive connection with OUFC / OUitC every day, inspiring happier, healthier, and better-connected communities.
## **Our Mission**
Working collaboratively with local and county-wide delivery partners, Oxford United in the Community uses the power of football to inspire the people and communities of Oxfordshire to have positive aspirations for their futures and the health, wellbeing, self-confidence, opportunities, and resources to achieve them.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **PUBLIC BENEFIT - Continued**
The charity's main objectives are detailed in the new strategy for the period 2019-2024 “Oxfordshire – A Community United”:
## **1: Increase the social impact of the charity’s activities;**
- a. by developing new service offerings, particularly related to youth services and older people, to support those “from the age of 2 to 92”.
- b. by accessing new expertise via recruiting new team members.
- c. by establishing strategic, collaborative delivery partnerships across Oxfordshire.
- d. by establishing key local partnerships based on local conditions.
- e. by increasing cross subsidisation of free to access services by chargeable services.
## **2: Increase the charity’s reach, supporting communities in 10 to 15 county town locations in addition to Oxford City;**
- a. by developing a proactive plan to scale up the charity’s operational activities in both Oxford City and across the rest of Oxfordshire.
- b. by creating a financially sustainable business model that could be replicated to support the required growth to operate across the county.
- c. by securing substantial funding to enable the model to be tested and proved and subsequently scaled up.
- d. by developing local partnerships with a grassroots football club in each location to help develop sustainable grassroots football organisations focused on community development as well as increasing participation in football.
## **3: Sustainably grow the charity’s income to support an increased level of programme activities in an increased number of geographic locations;**
- a. by developing existing income generating services and introducing new ones.
- b. by securing new funded programmes within the EFL Trust and Premier League Charitable Fund portfolios.
- c. by establishing a new funding strategy with diversified sources of unrestricted and restricted funding sources to meet the needs of the business plan.
- d. by working with strategic and local partners to identify opportunities to secure funding for collaborative delivery projects.
- e. by creating opportunities for regular and one-off donations to be made to the charity.
## **4: Assure that the charity’s activities are based on a solid foundation of policies, processes and procedures supported by a physical and IT infrastructure, which will enable;**
- a. more effective governance and management of the charity.
- b. greatly improved methods of engagement and communication with participants, beneficiaries, supporters, donors, funders, partners and stakeholders.
- c. a standardised methodology of assessing the charity’s social impact – measurement, analysis and reporting – to evidence the progress made.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **PUBLIC BENEFIT - continued**
## **5: Create the conditions to establish a substantial multi-use sports, education and community facility as the official centre or Hub of activities for the charity in Oxford within five years.**
## **ACHIEVEMENTS AND PERFORMANCE**
## **INTRODUCTION**
During the year under review, 1st July 2022 to 30th June 2023, the charity continued to recover back to its ‘normal’ activities following the Covid-19 pandemic and impact that had on many charities across the UK.
Activities focused on Participation, Schools & Education, Health & Wellbeing and Community Engagement & Inclusion as per our objectives for public benefit.
## **PARTICIPATION**
Traditional ‘Football in the Community’ activities generate up to half of Oxford United in the Community revenue.
Our activities range from participants potential first steps into football at holiday camps, through to improving key skills through our skill centres and an Academy Pathway for promising young players via our Development Centre.
All courses are open to boys and girls, and in 2022/23 we are delighted to have launched girls only holiday camps giving young female players the choice of girls only or mixed sessions.
## **SCHOOLS & EDUCATION**
We continued to run the Premier League Primary Stars programme, supported by PLCF funding, to engage primary school children in their school environment.
Through this programme, we deliver a range of activities; the physical delivery of PE lessons within the National Curriculum, extra-curricular clubs, PSHE workshops, Literacy and Numeracy support, as well as assemblies focusing on values and behaviours in the playground.
The main aim of the Premier League Primary Stars is to inspire and educate primary school pupils across all areas of the curriculum whilst using the power of football. As well as going into schools to deliver PE lessons, our team focuses on up-skilling staff and class teachers to deliver high-quality PE.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **HEALTH & WELLBEING**
Oxford United in the Community ramped up its work focused on health and wellbeing by launching a major public health programme to help people improve their cardiovascular health by delivering the national FIT FANS service, which is designed to increase levels of physical activity, help people lose weight, quit smoking and inspire healthier lifestyles.
A fully funded 13-week programme, free to participants and branded ‘Fit U’s’, was made available in eight waves across Oxford, Abingdon and Banbury.
The project was part of Oxford United in the Community’s strategy to increase the scale of its social impact work by embracing all members of the community and inspiring happier, healthier and better-connected communities.
The new service was made possible by Oxford Community Foundation (OCF), Oxfordshire County Council, the Welcome Centre for Integrative Neuroimaging at the University of Oxford, the EFL Trust, Sport England and Cherwell District Council.
We also expanded our Manor Club programme, and partnered with the University of Oxford’s Mathematical, Physical and Life Sciences division and Oxford Brookes University to create ‘The Manor Club Connected’.
It acted as an extension to The Manor Club – a monthly social event held in Cowley, Oxford aimed at tackling loneliness and isolation among the over-50’s and allowing the event to be streamed live to those in the North of the County who cannot travel to attend in person.
This was made possible by our partnership with Easington Sports FC as our partner town ‘spoke’ grassroots club.
## **COMMUNITY ENGAGEMENT & INCLUSION**
Funded by the Premier League Charitable Fund, our Premier League Kicks programme continued throughout 2022/23 in Oxford and Banbury, and aims to inspire young people aged 8-18 in some of the most high-need areas of Oxfordshire.
Free and for all, regardless of ability or background, the programme, with support from our community partners, aims to make a positive difference for all young people who take part.
We also expanded our inclusion activities, and were delighted to start our disability football sessions in partnership with Abingdon & Witney College in January 2023.
This programme is part of the charity’s commitment to enhancing disability football provisions in Oxfordshire and is a programme which we hope to grow year-on-year.
As part of this, we recruited a Social Inclusion Lead and as a result were also able to support various other initiatives such as Have a Go Festival alongside Oxfordshire County Council and Active Oxfordshire and Neurodiversity Week.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **COMMUNITY ENGAGEMENT & INCLUSION - continued**
Also during 2022/23 we were delighted that the long-term future of our Refugee Football Group delivered in partnership with Refugee Resource and Asylum Welcome was secured.
This is a crucial provision locally which uses football to connect individuals seeking refuge in Oxfordshire to meet likeminded people, develop key life skills and integrate into the community.
Oxford Phoenix FC was launched jointly by Oxford United in the Community, Asylum Welcome and Refugee Resource to connect participants with likeminded individuals, help them develop key life skills and integrate them into the community.
## **FINANCIAL REVIEW**
During the period the charity received £460,626 income from the provision of football coaching and educational courses, grants, sponsorship and fundraising activities.
The costs incurred in carrying out the charity’s charitable objectives during the period amounted to £362,338.
## **RESERVES POLICY**
Total fund balances of the charity as at the 30 June 2023 amounted to £153,716 (2022, £99,255).
The charity’s policy on unrestricted reserves is to maintain equivalent cash balances:
- •To cover three months’ budgeted recurrent expenditure.
- •To cover planned capital expenditure for the upcoming year.
The level of reserves is regularly monitored and reviewed by the trustees.
The cash balances at the year-end were below the target level of three months’ budgeted recurrent expenditure, however the trustees maintain that is that this is the level that they are working towards achieving.
The trustees consider that reserves at this level will ensure that, in the event of significant reduction in funding, they will be able to continue the trust’s current activities whilst consideration is given to ways in which additional funds may be raised.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **PARTNERS**
We are pleased to have worked with several delivery partners throughout 2022/23;
•Abingdon and Witney College •Active Oxfordshire •Angus Irvine Playing Field Fund •ARCh •Aspire •Asylum Welcome •Easington Sports •EFL Trust •HMP Bullingdon •Mind Oxfordshire •Oxford Brookes University •Oxford Health NHS Foundation Trust •Oxford United Football Club •Oxford University •Oxfordshire Community Foundation •Oxfordshire FA •Oxfordshire Youth •Premier League Charitable Fund •Refugee Resource
## **THANKS**
All at Oxford United in the Community would like to thank;
All organisations and partners who funded programmes throughout 2022/23.
- Oxford United Football Club for their support throughout the year.
- Every donor who has made a donation or fundraised on behalf of the charity.
- Everyone who accessed Oxford United in the Community’s paid services which provided an important source of income, enabling the charity to offer a range of community-focused programmes.
- All of the stakeholders and partners who worked with, supported, and advocated on behalf of Oxford United in the Community.
## **INVESTMENT POWERS AND POLICY**
The trustees’ investment powers are laid down in the Constitution and restrictions contained therein. These powers are also subject to conditions imposed by law.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **TRANSACTIONS WITH TRUSTEES**
No member of the board of trustees received any remuneration or re-imbursement for expenses incurred during the period.
## **SPECIAL EXEMPTION**
The above report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Prepared by the board of trustees and signed on their behalf by:-
erem faukner j y Jeremy Faulkner (Mar 27, 2024, 5:03pm) J D Faulkner Date: 27 Mar 2024 Chair of Trustees
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023**
## **TO THE TRUSTEES OF OXFORD UNITED IN THE COMMUNITY**
I report on the accounts of the trust for the year ended 30 June 2023 which are set out on pages 17 to 27.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
/continued…
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023**
## **INDEPENDENT EXAMINER'S UNQUALIFIED STATEMENT**
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that, in any material respect, the requirements:
(a) to keep accounting records in accordance with section 386 of the Companies Act 2006, and
(b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 have not been met, or
(c) 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P D Smith (FCCA) For and on behalf of THE MGROUP PARTNERSHIP CHARTERED CERTIFIED ACCOUNTANTS C9 Glyme Court Oxford Office Village Langford Lane OX2 7JQ
28 March 2024
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023**
**----- Start of picture text -----**
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
Notes £ £ £ £
INCOMING RESOURCES
Incoming resources from generated funds 7 165,838 32,141 197,979 224,022
Incoming resources from charitable activities 8 106,165 156,482 262,647 166,403
Total incoming resources 272,003 188,623 460,626 390,425
RESOURCES EXPENDED
Costs of generating funds 9 832 - 832 216
Charitable activities 10 259,433 102,905 362,338 340,089
Governance costs 11 42,995 - 42,995 40,782
Total resources expended 303,260 102,905 406,165 381,087
Total resources expended (31,257) 85,718 54,461 9,338
Gross transfer between funds 142,106 (142,106) - -
Net movement in funds 110,849 (56,388) 54,461 9,338
Reconciliation of funds
Funds brought forward 13,815 85,440 99,255 89,917
Funds carried forward 124,664 29,052 153,716 99,255
**----- End of picture text -----**
All income and expenditure derives from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **BALANCE SHEET AS AT 30 JUNE 2023**
**----- Start of picture text -----**
Notes 2023 2022
£ £
FIXED ASSETS
Tangible assets 12 1,115 1,487
CURRENT ASSETS
Debtors 13 11,118 7,569
Cash at bank and in hand 158,739 165,432
169,857 173,001
CREDITORS : Amounts falling due 14 17,256 75,233
within one year
NET CURRENT ASSETS 152,601 97,768
NET ASSETS 16 153,716 99,255
INCOME FUNDS
Unrestricted income funds 124,664 13,815
Restricted income funds 29,052 85,440
TOTAL FUNDS 153,716 99,255
**----- End of picture text -----**
Registered Company Number: 06621199
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **BALANCE SHEET AS AT 30 JUNE 2023**
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 and no notice has been deposited under section 476.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilties for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Signed on behalf of the board
erem faukner j y
Jeremy Faulkner (Mar 27, 2024, 5:03pm)
J D Faulkner
Approved by the board: 27 Mar 2024
Registered Company Number: 06621199
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **1 GENERAL INFORMATION**
Oxford United in the Community is a trust limited by guarantee and incorporated in England and Wales. Its registered office is:
The Kassam Stadium Grenoble Road Oxford OX4 4XP
The trust changed its name from Oxford United FC Youth & Community Sports Trust to Oxford United in the Community on 15 April 2019.
The financial statements are presented in Sterling, which is the functional currency of the company.
The charity is a public benefit entity.
## **2 STATEMENT OF ACCOUNTING POLICIES**
## **Basis of preparation of financial statements**
These financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard 102 Section 1A smaller entities, Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ("FRS 102"), the Companies Act 2006 and the Charities Act 2011.
The principal accounting policies adopted in the preparation of the financial statements are as follows:
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2 STATEMENT OF ACCOUNTING POLICIES - continued**
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources represent income receivable from fundraising, donations and gifts, grants, sponsorship and the provision of services to the local community.
Donations and legacies are reported in the financial activities statement if they are received or due in the financial year.
Grants receivable are included in the period in which the offer is conveyed to the trust except in those cases where the offer has conditions, such grants being recognised as income when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are not included in the financial statements.
Sponsorship income is recognised over the period to which the commitment has been made by the sponsor.
## **Resources expended**
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for such expenditure, inclusive of any VAT which cannot be recovered.
Resources are expended in the furtherance of the charity's objectives.
## **Apportionment of charitable expenditure**
Costs are apportioned between direct Charitable expenditure, Costs of generating funds and Governance costs according to the trustees' judgement.
## **Tangible fixed assets**
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Sports and computer equipment
Reducing balance basis at 25% per annum
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2 STATEMENT OF ACCOUNTING POLICIES - continued**
## **Financial Instruments**
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment for financial assets measured at amortised cost, is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Impairment of non-financial assets**
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2 STATEMENT OF ACCOUNTING POLICIES - continued**
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
## **Creditors**
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
## **Pensions**
The trust makes pension contributions under the auto enrolment provisions. The expenditure in respect of pension costs is the amount payable within the period. Differences between contributions payable and contributions actually paid in the period are shown as either accruals or prepayments in the balance sheet.
## **Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Being a registered charity, the charity is not liable to taxation on its income.
## **Fund accounting**
Funds held by the trust are either:-
**Unrestricted general funds** - these are funds which can be used in accordance with the trust's objectives at the discretion of the trustees.
**Designated funds** - these funds represent monies set aside for specific purposes at the discretion of the trustees rather than the donors.
**Restricted funds** - funds received can only be used for specifically nominated expenditure by the donor and are credited to income in the year in which they are received. Where amounts are not specifically allocated against expenditure in that year the balance is deferred and added to the balance carried forward on the restricted funds reserve and is used in subsequent years in line with the restrictions placed by the donor.
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**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS**
No significant accounting estimates and judgements have had to be made by the trustees in preparing these financial statements.
## **4 NET INCOMING RESOURCES**
|**NET INCOMING RESOURCES**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|**This is stated after charging:**|||
|Independent examination fees|3,950|1,116|
|Depreciation|372|496|
|**TAXATION**
The trust, being a registered charity, is not liable to taxation on its income.
**STAFF COSTS**
The average monthly number of employees during the year was:
Community team
Coaching staff
Staff costs during the year amounted to:
Wages and salaries
Social security costs
Pension contributions|**2023**
**Number**
8
10
18
**2023**
**£**
244,519
15,874
5,715
266,108|**2022**
**Number**
8
12
20
**2022**
**£**
250,254
13,132
5,440
268,826|
|---|---|---|
## **5 TAXATION**
## **6 STAFF COSTS**
No trustees received any remuneration or other benefits during the year (2022 - £Nil). In addition, no trustee expenses have been incurred (2022 - £Nil).
No employees earned remuneration in excess of £60,000 or received any benefits in the current or preceding year.
- 21 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **7 INCOMING RESOURCES FROM GENERATED FUNDS**
|**£**
Lottery
104
Other (including donations)
165,734
165,838
**8**
**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
**£**
17,300
Coaching and educational courses
80,455
Sporting events
8,410
106,165
**9**
**COST OF GENERATING FUNDS**
**Unrestricted expenditure:**
**£**
832
832
**Unrestricted**
**funds**
**Sponsorship**
**Unrestricted**
**funds**
**Basis of**
**apportionment**
Printing, postage and
stationery
Grants in relation to the provision of
coaching and educational courses
_Equal allocation_|**£**
-
32,141
32,141
**£**
154,571
1,911
-
156,482
**£**
-
-
**Grants**
**Restricted**
**funds**
**Restricted**
**funds**|**2023**
**Total**
**£**
104
197,875
197,979
**2023**
**Total**
**£**
171,871
82,366
8,410
262,647
**2022**
**Total**
**£**
832
832|**2022**
**Total**
**£**
104
223,918
224,022
**2022**
**Total**
**£**
91,792
71,726
2,885
166,403
**2021**
**Total**
**£**
216
216|
|---|---|---|---|
- 22 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **10 CHARITABLE ACTIVITIES**
|**Unrestricted expenditure**
**£**
Staff salaries
183,144
Kits and clothing
-
Staff welfare
2,575
Community programme costs
160
Facility costs
36,607
Rent
6,134
IT support and consumables
268
Advertising and marketing
15,518
Motor and travel expenses
5,417
Bad debt write offs
-
Sundry
9,239
Depreciation
371
259,433
**Restricted expenditure:**
Staff salaries
82,964
Divert programme costs
1,527
NCS costs
7,878
Premier league kicks costs
5,999
4,460
Health and wellbeing costs
-
Life Chances costs
77
102,905
362,338
_Direct_
_Sponsorship_
**Basis of**
**apportionment**
**Basis of**
**apportionment**
_Function and then_
_pro rata on income_
_Direct_
_Direct_
_Direct_
_Direct_
_Pro rata on relevant_
_income_
_Function and then_
_pro rata on income_
_Equal allocation_
_Function and then_
_pro rata on income_
_Function and then_
_pro rata on income_
_Function and then_
_pro rata on income_
_Direct_
_Direct_
_Function and then pro_
_rata on income_
_Function and then_
_pro rata on income_
**Coaching and**
**educational**
**courses**
_Direct_
_Function and then_
_pro rata on income_
Coaching services and
labour costs|**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**Sporting**
**events**|**2023**
**Total**
**£**
183,144
-
2,575
160
36,607
6,134
268
15,518
5,417
-
9,239
371
259,433
82,964
1,527
7,878
5,999
4,460
-
77
102,905
362,338|**2022**
**Total**
**£**
219,988
168
344
1,951
31,070
4,641
1,863
13,572
5,860
947
4,110
496
285,010
48,838
1,230
-
1,931
2,963
117
-
55,079
340,089|
|---|---|---|---|
- 23 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **11 GOVERNANCE COSTS**
|Independent examination fees
Bank and merchant charges
Professional fees|**2023**
**£**
5,520
254
37,221
42,995|**2022**
**£**
4,606
297
35,879
40,782|
|---|---|---|
In addition to the independent examination fee, £1,570 was also paid to the independent examiner for accountancy services.
## **12 TANGIBLE ASSETS**
|**Costs**|**£**
**Sports &**
**computer**
**equipment**|
|---|---|
|At 1 July 2022|2,723|
|Additions|-|
|At 30 June 2023|2,723|
|**Accumulated depreciation**||
|At 1 July 2022|1,236|
|Charge for year|372|
|At 30 June 2023|1,608|
|**Net book value**||
|At 1 July 2022|1,487|
|At 30 June 2023|1,115|
The net book value represents fixed assets used for direct charitable purposes.
- 24 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **13 DEBTORS**
|Other debtors
Prepayments and accrued income
**CREDITORS**: amounts falling due within one year
Trade creditors
Taxation and social security
Accruals and deferred income|**2023**
**£**
10,480
638
11,118
**2023**
**£**
-
3,722
13,534
17,256|**2022**
**£**
6,975
594
7,569
**2022**
**£**
1,569
4,916
68,748
75,233|
|---|---|---|
**14 CREDITORS** : amounts falling due within one year
## **15 RELATED PARTY TRANSACTIONS**
The Trust is assisted by Oxford United Football Club ('the Club') in being able to carry out its charitable activities and share many operational resources, have directors in common and are subject to common influence and are hence deemed related parties.
During the year, the Trust recharged expenses of £10,480 to the Club. At the year end, the Trust was owed £10,480 (2022 - £6,863) by the Club.
During the year, the trust used services provided by Fortitude Communications Limited. This company is controlled by one of the trustees of Oxford United in the Community. During the year Fortitude Communications Limited invoiced £14,880 (2022: £13,500). At the year end, there was nothing owed to the company (2022: £NIL).
- 25 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **16 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Debtors
Cash at bank and in hand
Current liabilities|**£**
1,115
11,118
129,687
(17,256)
124,664
**Unrestricted**
**funds**|**£**
-
29,052
-
29,052
**Restricted**
**funds**|**Total**
**£**
1,115
11,118
158,739
(17,256)
153,716|
|---|---|---|---|
## **17 MOVEMENTS IN FUNDS**
|Unrestricted funds
Restricted funds|13,815
85,440
99,255
**As at 1**
**July 2022**|188,623
272,003
**Incoming**
**resources**
460,626
**£**|**£**
(303,260)
(102,905)
(406,165)
**Outgoing**
**resources**|**Transfers**
**£**
142,106
(142,106)
-
|**£**
124,664
29,052
153,716
**As at 30**
**June 2023**|
|---|---|---|---|---|---|
Included this year there is a transfer from Restricted to Unrestricted funds of £142,106. This was confirmed by the Trustee's to agree the Restricted funds balance as at 30 June 2023 to their records. The reserves were incorrect due to historic misallocation of certain income and expenditure accounts.
## **18 PURPOSE OF RESTRICTED FUNDS**
As at the year end, funds of £757 were held following the receipt of a grant from Oxfordshire County Council. The grant was provided to finance the acquisition of a minibus for the trust. This fund is to be used over coming years to cover the depreciation costs of the vehicle.
Funds were received from the Premier League for the purpose of the Premier League Primary Stars course. At the year end all funds received had been expended in full.
During the year the trust also received funds from the Football Foundation. The grants were made so that the trust could conduct evening and holiday courses based on a theme of healthy living. The funds were also to be used so that the trust could continue with it's programme of promoting healthy living in schools.
- 26 -
**OXFORD UNITED IN THE COMMUNITY A COMPANY LIMITED BY GUARANTEE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **19 SHARE CAPITAL**
The trust does not have a share capital and is limited by guarantee. In the event of a winding up the trustees, who are all members of the company, guarantee to contribute £10 towards the costs of a winding up.
## **20 STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES BY FUND TYPE**
|**INCOMING RESOURCES**
Incoming resources from generated funds
Incoming resources from charitable activities
**Total incoming resources**
**RESOURCES EXPENDED**
Costs of generating funds
Charitable activities
Governance costs
**Net movement in funds**
Funds brought forward
**Funds carried forward**
**Total resources expended**|**Unrestricted**
**Funds**
**£**
224,022
76,991
301,013
216
285,010
40,782
326,008
(24,995)
38,810
13,815|**Restricted**
**Funds**
**£**
-
89,412
89,412
-
55,079
-
55,079
34,333
51,107
85,440|**Total**
**2022**
**£**
224,022
166,403
390,425
216
340,089
40,782
381,087
9,338
89,917
99,255|
|---|---|---|---|
- 27 -