Registered number: 04662488
Oxford Pride Group Limited ACCOUNTS FOR THE YEAR ENDED 31/07/2024
Prepared By: DBR Accounts Ltd Association of Chartered Certified Accountants 1 Station Court Station Approach Wickford Essex SS11 7AT
Oxford Pride Group Limited
ACCOUNTS FOR THE YEAR ENDED 31/07/2024
DIRECTORS
N Blandford S Chadd (Appointed 5 September 2023) R Holland-Berry (Appointed 5 September 2023) R W Jordan (Appointed 5 September 2023) M J Standage (Appointed 25 October 2023) D J Brixey (Resigned 5 September 2023) H L May (Resigned 3 September 2023) P T S McGinn (Resigned 5 September 2023)
SECRETARY
REGISTERED OFFICE
29 Pitts Road Headington Oxford OX3 8BA
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 04662488
ACCOUNTANTS
DBR Accounts Ltd Association of Chartered Certified Accountants 1 Station Court Station Approach Wickford Essex SS11 7AT
page 1
Oxford Pride Group Limited
ACCOUNTS FOR THE YEAR ENDED 31/07/2024
CONTENTS
| Page | |
|---|---|
| Directors' Report | - |
| Accountants' Report | - |
| Statement Of Comprehensive Income | - |
| Balance Sheet | 3 |
| Notes To The Accounts | 4 |
| The following do not form part of the statutory financial statements: | |
| Trading And Profit And Loss Account | - |
| Profit And Loss Account Summaries | - |
page 2
Oxford Pride Group Limited
BALANCE SHEET AT 31/07/2024
| Notes CURRENT ASSETS Debtors 3 Cash at bank and in hand CREDITORS: Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Profit and loss account SHAREHOLDERS' FUNDS |
1,016 31,333 32,349 720 |
2024 £ 31,629 31,629 31,629 31,629 |
3,031 44,449 47,480 630 |
2023 £ 46,850 |
|---|---|---|---|---|
| 46,850 | ||||
| 46,850 | ||||
| 46,850 |
For the year ending 31/07/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/09/2024 and signed on their behalf by
.............................
R W Jordan (Appointed 5 September 2023) Director
page 3
Oxford Pride Group Limited
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. EMPLOYEES
| Average number of employees 3. DEBTORS Amounts falling due within one year Prepayments |
2024 No. 5 2024 £ 1,016 1,016 |
2023 No. 4 2023 £ 3,031 |
|---|---|---|
| 3,031 |
page 4
Oxford Pride Group Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Accruals | 2024 £ 720 720 |
2023 £ 630 |
| 630 |
5. RELATED PARTY TRANSACTIONS
There were higher levels of reserves in the current year were a result of the companies 20th anniversary, which led to increased levels of support and donations.
£6,000 has been reserved for future events as stipulated by companies who donated funds during the year.
page 5
Registered number: 04662488
Oxford Pride Group Limited ACCOUNTS FOR THE YEAR ENDED 31/07/2024
Prepared By: DBR Accounts Ltd Association of Chartered Certified Accountants 1 Station Court Station Approach Wickford Essex SS11 7AT
Oxford Pride Group Limited
ACCOUNTS FOR THE YEAR ENDED 31/07/2024
DIRECTORS
N Blandford S Chadd (Appointed 5 September 2023) R Holland-Berry (Appointed 5 September 2023) R W Jordan (Appointed 5 September 2023) M J Standage (Appointed 25 October 2023) D J Brixey (Resigned 5 September 2023) H L May (Resigned 3 September 2023) P T S McGinn (Resigned 5 September 2023)
SECRETARY
REGISTERED OFFICE
29 Pitts Road Headington Oxford OX3 8BA
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 04662488
ACCOUNTANTS
DBR Accounts Ltd Association of Chartered Certified Accountants 1 Station Court Station Approach Wickford Essex SS11 7AT
page 1
Oxford Pride Group Limited
ACCOUNTS FOR THE YEAR ENDED 31/07/2024
CONTENTS
| Page | |
|---|---|
| Directors' Report | 3 |
| Accountants' Report | 4 |
| Statement Of Comprehensive Income | 5 |
| Balance Sheet | 6 |
| Notes To The Accounts | 7 |
| The following do not form part of the statutory financial statements: | |
| Trading And Profit And Loss Account | 9 |
| Profit And Loss Account Summaries | 10 |
page 2
Oxford Pride Group Limited
DIRECTORS' REPORT
FOR THE YEAR ENDED 31/07/2024
The directors present their report and accounts for the year ended 31/07/2024
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and accounting estimates that are reasonable and prudent;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on 07/09/2024
S Chadd (Appointed 5 September 2023) Director
page 3
Oxford Pride Group Limited
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF OXFORD PRIDE GROUP LIMITED, FOR THE YEAR ENDED 31/07/2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oxford Pride Group Limited for the year ended 31/07/2024 as set out on pages 5 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member of the ACCA, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Oxford Pride Group Limited, as a body, in accordance with the terms of our engagement letter dated 08/08/2019. Our work has been undertaken solely to prepare for your approval the accounts of Oxford Pride Group Limited and state those matters that we have agreed to state to the Board of Directors of Oxford Pride Group Limited, as a body, in this report, in accordance with the requirements of the ACCA as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxford Pride Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oxford Pride Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Oxford Pride Group Limited. You consider that Oxford Pride Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Oxford Pride Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DBR Accounts Ltd Association of Chartered Certified Accountants 1 Station Court Station Approach Wickford Essex SS11 7AT
page 4
Oxford Pride Group Limited
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31/07/2024
| Notes TURNOVER Cost of sales GROSS (LOSS) / PROFIT Distribution costs and selling expenses Administrative expenses OPERATING (LOSS) / PROFIT Interest receivable and similar income 3 (LOSS) / PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION (LOSS) / PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION |
2024 £ 66,296 (73,300) (7,004) (879) (7,810) (15,693) 472 (15,221) (15,221) |
2023 £ 78,660 (43,935) |
|---|---|---|
| 34,725 (277) (7,677) |
||
| 26,771 206 |
||
| 26,977 26,977 |
page 5
Oxford Pride Group Limited
BALANCE SHEET AT 31/07/2024
| Notes CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS: Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Profit and loss account SHAREHOLDERS' FUNDS |
1,016 31,333 32,349 720 |
2024 £ 31,629 31,629 31,629 31,629 |
3,031 44,449 47,480 630 |
2023 £ 46,850 |
|---|---|---|---|---|
| 46,850 | ||||
| 46,850 | ||||
| 46,850 |
For the year ending 31/07/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 07/09/2024 and signed on their behalf by
.............................
R W Jordan (Appointed 5 September 2023) Director
page 6
Oxford Pride Group Limited
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Turnover
Turnover represents the value of sponsorship, donations and fundraising relatiing to charitable activities.
1c. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
| 2. OTHER OPERATING EXPENSES Selling and marketing costs Administrative expenses 3. INTEREST RECEIVABLE AND OTHER SIMILAR INCOME Bank interest receivable 4. EMPLOYEES Average number of employees |
2024 £ 879 7,810 8,689 2024 £ 472 472 2024 No. 5 |
2023 £ 277 7,677 |
|---|---|---|
| 7,954 | ||
| 2023 £ 206 |
||
| 206 | ||
| 2023 No. 4 |
page 7
Oxford Pride Group Limited
5. TAX ON ORDINARY ACTIVITIES
| 6. DEBTORS Amounts falling due within one year Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals |
2024 £ 2024 £ 1,016 1,016 2024 £ 720 720 |
2023 £ |
|---|---|---|
| 2023 £ 3,031 |
||
| 3,031 | ||
| 2023 £ 630 |
||
| 630 |
8. RELATED PARTY TRANSACTIONS
There were higher levels of reserves in the current year were a result of the companies 20th anniversary, which led to increased levels of support and donations.
£6,000 has been reserved for future events as stipulated by companies who donated funds during the year.
page 8
Oxford Pride Group Limited
TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31/07/2024
| Turnover Cost of Sales: Purchases Gross (Loss) / Profit Less: Distribution costs Administrative expenses Interest receivable and similar income Net (loss) / profit for the year before taxation Net (loss) / profit for the year after taxation Retained profits brought forward Retained profits carried forward |
73,300 73,300 879 7,810 (472) |
2024 £ 66,296 73,300 (7,004) (7,004) 8,217 (15,221) (15,221) 46,850 31,629 |
43,935 43,935 277 7,677 (206) |
2023 £ 78,660 43,935 |
|---|---|---|---|---|
| 34,725 | ||||
| 34,725 7,748 |
||||
| 26,977 | ||||
| 26,977 19,873 |
||||
| 46,850 |
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.
page 9
Oxford Pride Group Limited
PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 31/07/2024
| Cost of sales - purchases: Purchases Event expenditure Distribution Costs: Advertising and sales promotion Travel Administrative Expenses: Insurance Staff welfare Computer costs Accountancy fees Clothing Stationery & office supplies Charitable donations Bank charges Sundry administration expenses |
2024 £ - 73,300 73,300 879 - 879 3,581 1,416 438 660 - 682 342 - 691 7,810 |
2023 £ 99 43,836 |
|---|---|---|
| 43,935 | ||
| 221 56 |
||
| 277 | ||
| 2,553 1,290 418 600 1,310 119 1,000 1 386 |
||
| 7,677 |
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.
page 10
DBR Accounts Ltd 1 Station Court Station Approach Wickford Essex SS11 7AT
7[th] September 2024
Dear Sirs
OXFORD PRIDE GROUP LTD LETTER OF REPRESENTATION FOR THE PERIOD ENDED 31[ST] JULY 2024
We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the following representations to you in connection with the preparation of the company's accounts for the period ended 31[st] July 2024.
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1 We acknowledge, as directors, our collective responsibility under the Companies Act 2006 for presenting accounts, which give a true and fair view and confirm that we have approved the accounts for the period ended 31[st] July 2024. We also acknowledge our responsibility for making accurate representations to you. All the accounting records have been made available to you for the purpose of your assignment and all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related, including minutes of all management and shareholders’ meetings, have been made available to you.
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2 We confirm that the accounting policies and estimation techniques adopted for the preparation of the accounts are the most appropriate to the circumstances in which the company operates and comply with the requirements of FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland.
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3 Other than those disclosed in the accounts we are not aware of any material liabilities, provisions, contingent liabilities, contingent assets or contracted for capital commitments that need to be provided for or disclosed in the accounts.
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4 The company has satisfactory title to all assets and there are no liens or encumbrances on the company’s assets except as disclosed in the notes to the accounts.
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5 Other than those disclosed in the accounts, the company has not entered into any transactions or has balances outstanding involving directors, officers or other related parties, which require disclosure under the Companies Act or Section 1A of FRS 102.
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6 We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect errors or fraud. We are unaware of any irregularities, including fraud and suspected fraud.
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7 We are unaware of any breaches or possible breaches of statute, regulations, contracts, agreements or the company's Memorandum and Articles of Association which might result
1
in the company suffering significant penalties or other loss.
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8 The accounts have been prepared on the going concern basis as we believe that adequate cash resources will be available to cover the company’s requirements for working capital and capital expenditure for at least the next twelve months. We are not aware of any other factors which could put into jeopardy the company’s going concern status during or beyond this period.
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9 There have been no events since the balance sheet date which necessitate revision of the figures included in the accounts or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the accounts or inclusion of a note thereto, we will advise you accordingly.
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10 We confirm that after the accountant’s report has been signed, we will circulate a copy of our accounts to every member of the company, every holder of the company’s debentures and every other person entitled to receive notice of general meetings, as required by section 423, Companies Act 2006.
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11 We confirm that as the company meets the criteria for audit exemption and the directors wish to take advantage of this exemption. The shareholders have not requested that an audit is undertaken. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
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12 We confirm that we have prepared abridged accounts in accordance with the provisions available to small companies. We confirm that the necessary approval from all shareholders has been obtained.
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13 We confirm that we wish to take advantage of the small company filing exemptions under section 444 of the Companies Act to not file the directors’ report and profit and loss account, and related notes.
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14 Reserves- the reserves stated at £31,629 are for the furtherance of the organization’s objectives.
Yours faithfully
Signed on behalf of the board of directors
2