2023-03-31-accounts

CHARITY REGISTRATION NUMBER: 1154860

Cutteslowe and District Community Association Unaudited Financial Statements

31 March 2023

Cutteslowe and District Community Association

Financial Statements

Year ended 31 March 2023

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	5
Statement of financial activities	6
Statement of financial position	7
Notes to the financial statements	8
The following pages do not form part of the financial statements
Detailed statement of financial activities	19
Notes to the detailed statement of financial activities	21

Cutteslowe and District Community Association

Trustees' Annual Report

Year ended 31 March 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

Reference and administrative details

Registered charity name Cutteslowe and District Community Association Charity registration number 1154860 Principal office 31 Wren Road Oxford OX2 7SX

The trustees

A Childs D Anderson H Baker S Buckley S McCready S Scheele T Blake A Johnson (Retired 21 March 2023) P Woolley (Retired 14 February 2023) Independent examiner Nicola Jane Cadwallader FCCA For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD

- 1 -

Cutteslowe and District Community Association

Trustees' Annual Report (continued)

Year ended 31 March 2023

Structure, governance and management

The charity is a charitable incorporated organisation (Charity Commission No 1154860) which was registered on 4 December 2013 and is governed by a constitution agreed at its annual meeting.

Funds from the unincorporated charity Cutteslowe and District Community Association (registered charity no. 304340) were donated to the charity on that date.

Trustees are elected at the annual meeting of the charity. New trustees are co-opted at other times but their appointment must be confirmed at the next annual meeting.

The Association aims to have a board of trustees which:

a) contains the skills and expertise (for example in personnel, finance, health and safety, safeguarding, data protection and premises management) which are required to run a modern charity effectively, and

b) understands the nature of the issues facing the particular community which it seeks to serve and can develop strategies to address them.

The day-to-day operations of the Community Centre (hereinafter called 'the Centre') are managed by the Centre Manager who reports directly to the Board of Trustees. From January 2021,this role has been fulfilled by Stephanie Jankovic.

The trustees meet as a management committee at least 9 times a year. These meetings are frequently attended by an official from the City Council, local City and County Councillors and the Centre's manager. Others are invited as necessary. The trustees meet separately as required to consider particular issues. Sub-committees meet regularly to monitor aspects of the Association's operations.

- 2 -

Cutteslowe and District Community Association

Trustees' Annual Report (continued)

Year ended 31 March 2023

Objectives and activities

The objectives of the charity are to:

a) promote the benefit of the inhabitants of the area of benefit without distinction of gender, sexual orientation, nationality, age, disability, race or of political, religious or other opinions by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants; and,

b) establish, or secure the establishment, of a Community Centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the above objects;

The Association shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Cutteslowe and the surrounding district.

Activities

Its principal activities in furtherance of these objectives are

• a) to maintain a community centre which is available for hire by individuals and groups, and

• b) to run events and activities for the benefit of the whole community and for particular groups within it. As a general rule projects are not initiated until full funding for them has been secured.

The Association currently employs a part-time Centre Manager and a part-time assistant. Other staff are engaged to assist in the running of particular activities as required.

The staff are assisted by over 30 volunteers who take an active part in the running of particular activities th whom the trustees offer their warmest thanks.

The charity maintains strong links and works with a range of organisations including government agencies, local authorities, private and state schools, religious establishments, other charities, neighbourhood groups and private trusts.

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

- 3 -

Cutteslowe and District Community Association

Trustees' Annual Report (continued)

Year ended 31 March 2023

Achievements and performance

Unlike the previous two years that had been impacted by covid, the Community Centre was fully in action throughout the year to March 2023. Fortunately, we have been able to find new regular hirers to replace those that could no longer operate during and after covid, we have added to the number of activities that we initiate, and we are delighted to see a steady rise in the use of our facilities and rooms by local residents for parties and other private events.

One of the reasons for the latter has been that, after three years and at a cost of over £60,000, we have finally finished the last stage of the refurbishment of the Centre with the total remodeling of our kitchen. We now have a building that is considerably more attractive internally and a more functional environment in which our team can work.

Essentially any community centre is about supporting the local community either by ourselves or in cooperation with others and we have carried on throughout the last year trying to do this. Cutteslowe Larder, run by Cutteslowe Connected Church, now has about 130 members with 90 to 100 families using it every week and also coincides with a drop in clinic with advisors from Citizens Advice. We continue to do a significant amount of work with children: through after school clubs; through Minnows, which has three sessions a week for under 5's and their parents or carers; and through our programme during the summer holidays which this year attracted over 330 children from 200 families to one event or another. At the end of the year we inaugurated a Cutteslowe "Wishing Tree" project, matching, anonymously, donors of Christmas gifts with 80 children from families in need. At the other end of the age spectrum we have welcomed a second Seniors group and instigated a warm room.

None of which can happen without outside help and we remain immensely grateful to all those who volunteer and who generously support us financially.

Financial review

Outgoings in the year to March 2023 were just over £22,000 greater than our income of £100,000. The bulk of the shortfall was associated with the refurbishment of the kitchen on which we spent ca £30,000, partly offset by a grant of £10,000 during the year. We foreshadowed a year ago that we expected our running costs to increase, which they have, but we are confident that we can offset these and any future cost increases. The funds carried forward at March 31st provide a more than adequate platform for maintaining all our activities in the current year.

The trustees' annual report was approved on 28 January 2024 and signed on behalf of the board of trustees by:

Ann Childs Chair and Trustee

- 4 -

Cutteslowe and District Community Association

Independent Examiner's Report to the Trustees of Cutteslowe and District Community Association

Year ended 31 March 2023

I report to the trustees on my examination of the financial statements of Cutteslowe and District Community Association ('the charity') for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material 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 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 accounts to be reached.

Nicola Jane Cadwallader FCCA Independent Examiner

For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD

- 5 -

Cutteslowe and District Community Association

Statement of Financial Activities

Year ended 31 March 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	44,847	37,671	82,518	69,208
Charitable activities	5	13,946	–	13,946	4,786
Other trading activities	6	3,370	–	3,370	257
Investment income	7	344	–	344	14
Other income	8	–	–	–	161
		��������	��������	���������	��������
Total income		62,507	37,671	100,178	74,426
		��������	��������	���������	��������
Expenditure
Expenditure on charitable activities	9	89,738	32,558	122,296	76,101
		��������	��������	���������	��������
Total expenditure		89,738	32,558	122,296	76,101
		��������	��������	���������	��������
		��������	��������	���������	��������
Net expenditure		(27,231)	5,113	(22,118)	(1,675)
		��������	��������	���������	��������
Transfers between funds		7,986	(7,986)	–	–
		��������	��������	���������	��������
Net movement in funds		(19,245)	(2,873)	(22,118)	(1,675)
Reconciliation of funds
Total funds brought forward		68,882	17,133	86,015	87,690
		��������	��������	���������	��������
Total funds carried forward		49,637	14,260	63,897	86,015
		��������	��������	���������	��������

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 17 form part of these financial statements.

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Cutteslowe and District Community Association

Statement of Financial Position

31 March 2023

		2023		2022
	Note	£	£	£
Fixed assets
Tangible fixed assets	15		–	18
Current assets
Cash at bank and in hand		66,243		87,100
Creditors: amounts falling due within one year	16	2,346		1,103
		��������		��������
Net current assets			63,897	85,997
			��������	��������
Total assets less current liabilities			63,897	86,015
			��������	��������
Net assets			63,897	86,015
			��������	��������
Funds of the charity
Restricted funds			14,260	17,133
Unrestricted funds			49,637	68,882
			��������	��������
Total charity funds	19		63,897 ��������	86,015 ��������

These financial statements were approved by the board of trustees and authorised for issue on 28 January 2024, and are signed on behalf of the board by:

Ann Childs Chair and Trustee

Donald Anderson Treasurer and Trustee

The notes on pages 8 to 17 form part of these financial statements.

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Cutteslowe and District Community Association

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 31 Wren Road, Oxford, OX2 7SX.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are general funds available for the general objectives of the charity.

Designated funds are unrestricted reserves that have been set aside by the Charity for particular purposes.

Restricted funds can only be used for the purposes for which they have been given, within the objectives of the Charity. The costs of raising and administering such funds are charged against those specific funds. The various funds are detailed in the notes to the accounts.

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is included on the accruals basis and is recognised when there is a legal or constructive obligation to pay for the goods or services.

As the Charity is not registered for VAT, all expenditure is shown inclusive of VAT.

Tangible assets

All capital expenditure in excess of £1,000, for a single item or a group of similar items, is capitalised.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 20% straight line Computer Equipment - 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Financial instruments (continued)

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 under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Gift Aid	1,807	–	1,807
Appeals, donations and pledges	23,040	1,215	24,255
City and County Councillors	–	500	500
Brad Foundation	–	5,000	5,000
Grants
Oxford City Council	–	1,000	1,000
Summertown/St Margarets Neighbourhood Forum	–	1,150	1,150
Tolkein Trust	10,000	5,000	15,000
St Michael's & All Saints Trust	–	–	–
Mactaggart Third Fund	–	1,000	1,000
Wolvercote Neighbourhood Forum	10,000	790	10,790
Oxford Community Foundation	–	18,245	18,245
St Andrews PCC	–	871	871
Other grants	–	2,900	2,900
Government grant income	–	–	–
	��������	��������	��������
	44,847 ��������	37,671 ��������	82,518 ��������

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

4. Donations and legacies (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Gift Aid	1,663	–	1,663
Appeals, donations and pledges	18,009	3,280	21,289
City and County Councillors	500	5,600	6,100
Brad Foundation	–	–	–
Grants
Oxford City Council	–	3,000	3,000
Summertown/St Margarets Neighbourhood Forum	–	–	–
Tolkein Trust	–	15,000	15,000
St Michael's & All Saints Trust	–	2,000	2,000
Mactaggart Third Fund	–	–	–
Wolvercote Neighbourhood Forum	–	–	–
Oxford Community Foundation	–	8,100	8,100
St Andrews PCC	1,676	–	1,676
Other grants	–	–	–
Government grant income	8,948	1,431	10,380
	��������	��������	��������
	30,796	38,411	69,208
	��������	��������	��������

5. Charitable activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Room hire	13,946	13,946	4,787	4,786
	��������	��������	�������	�������
Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Fundraising events	3,370	3,370	257	257
	�������	�������	����	����

6. Other trading activities

7. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Bank interest receivable	344	344	14	14
	����	����	����	����

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

8. Other income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Other income	–	–	161	161
	����	����	����	����

9. Expenditure on charitable activities by fund type

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	General Centre running costs	88,616	–	88,616
	Cutteslow Seniors	–	3,703	3,703
	Art Club	–	2,153	2,153
	Dance Club	–	601	601
	Sunnymead Minnows	–	13,174	13,174
	Bushcraft	–	732	732
	Summer Programme	–	4,036	4,036
	Jubilee Fund	–	7,784	7,784
	Community Larder	–	375	375
	Support costs	1,122	–	1,122
		��������	��������	���������
		89,738	32,558	122,296
		��������	��������	���������
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	General Centre running costs	47,913	–	47,913
	Cutteslow Seniors	–	5,637	5,637
	Art Club	–	1,658	1,658
	Dance Club	–	1,482	1,482
	Sunnymead Minnows	–	11,474	11,474
	Bushcraft	–	9	9
	Summer Programme	–	6,818	6,818
	Jubilee Fund	–	–	–
	Community Larder	–	–	–
	Support costs	1,110	–	1,110
		��������	��������	��������
		49,023	27,078	76,101
		��������	��������	��������
10.	Net expenditure
	Net expenditure is stated after charging/(crediting):

Net expenditure is stated after charging/(crediting):
	2023	2022
	£	£
Depreciation of tangible fixed assets	18 ����	770 ����

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

11. Independent examination fees

	2023	2022
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	990	990
	����	����

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2023	2022
	£	£
Wages and salaries	45,662	33,359
Employer contributions to pension plans	1,108	599
	��������	��������
	46,770 ��������	33,958 ��������

Centre Staff during the year were Stephanie Jankovic and Mariana Bujons (12 months each)

Centre Manager Stephanie Jankovic- 25 hours per week Administration Assistant Mariana Bujons- 20 hours per week

Seniors co-ordinator Sylvia Barker- 22 hours per calendar month Art club leader Helen Edwards- 2 hours per week in term time Dance club leader Marina Bujons 1.5 hours per week in term time Bushcraft leader/Summer Programme leader Fiona Greenwood does hours as required The average headcount of employees during the year was 5 (2022:6) No employee recieved employee benefits of more than £60,000

The average head count of employees during the year was 5 (2022: 6).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

14. Transfers between funds

Where expenditure on a restricted fund exceeds income, the balance is covered by a transfer from general reserves.

The detail is shown in note 19.

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Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

15. Tangible fixed assets

		Fixtures and
		fittings	Equipment	Total
		£	£	£
	Cost
	At 1 April 2022 and 31 March 2023	7,352	1,773	9,125
		�������	�������	�������
	Depreciation
	At 1 April 2022	7,352	1,755	9,107
	Charge for the year	–	18	18
		�������	�������	�������
	At 31 March 2023	7,352	1,773	9,125
		�������	�������	�������
	Carrying amount
	At 31 March 2023	–	–	–
		�������	�������	�������
	At 31 March 2022	–	18	18
		�������	�������	�������
16.	Creditors: amounts falling due within one year
			2023	2022
			£	£
	Accruals and deferred income		990	990
	Other creditors		1,356	113
			�������	�������
			2,346 �������	1,103 �������

17. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,108 (2022: £599).

18. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2023	2022
	£	£
Recognised in income from donations and legacies:
Government grants income	– ����	10,380 ��������

- 15 -

Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					At
	At			31	March 202
	1 April 2022	Income	Expenditure	Transfers	3
	£	£	£	£	£
General funds	64,595	62,507	(89,738)	7,986	45,350
Centre refurbishment	4,287	–	–	–	4,287
	��������	��������	��������	�������	��������
	68,882	62,507	(89,738)	7,986	49,637
	��������	��������	��������	�������	��������
					At
	At			31	March 202
	1 April 2021	Income	Expenditure	Transfers	2
	£	£	£	£	£
General funds	69,869	36,015	(49,023)	7,734	64,595
Centre refurbishment	4,287	–	–	–	4,287
	��������	��������	��������	�������	��������
	74,156	36,015	(49,023)	7,734	68,882
	��������	��������	��������	�������	��������
Restricted funds
					At
	At			31	March 202
	1 April 2022	Income	Expenditure	Transfers	3
	£	£	£	£	£
Newsletter	76	–	–	–	76
Art Club	–	945	(2,153)	1,208	–
Dance Club	–	585	(601)	16	–
Seniors	1,758	–	(3,703)	1,945	–
Sunnymead Minnows	9,435	11,800	(13,174)	(2,042)	6,019
Good Neighbour
Scheme	–	–	–	–	–
Family Film Club	566	–	–	–	566
Community Larder	663	375	(375)	(663)	–
Room Hire Support	822	3,000	–	(2,811)	1,011
Bushcraft	1,719	–	(732)	–	987
Summer Programme	2,094	7,721	(4,036)	(3,248)	2,531
Jubilee Fund	–	8,245	(7,784)	(461)	–
EU Grant	–	5,000	–	(1,930)	3,070
	��������	��������	��������	�������	��������
	17,133	37,671	(32,558)	(7,986)	14,260
	��������	��������	��������	�������	��������
					At
	At			31	March 202
	1 April 2021	Income	Expenditure	Transfers	2
	£	£	£	£	£
Newsletter	77	(1)	–	–	76
Art Club	–	1,236	(1,658)	422	–
Dance Club	25	213	(1,482)	1,244	–
Seniors	–	7,545	(5,637)	(150)	1,758
Sunnymead Minnows	10,639	13,000	(11,474)	(2,730)	9,435
Good Neighbour
Scheme	93	–	–	(93)	–

- 16 -

Cutteslowe and District Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2023

19. Analysis of charitable funds (continued)

Family Film Club	566	–	–	–	566
Community Larder	2,134	1,000	–	(2,471)	663
Room Hire Support	–	1,740	–	(918)	822
Bushcraft	–	1,728	(9)	–	1,719
Summer Programme	–	11,950	(6,818)	(3,038)	2,094
Jubilee Fund	–	–	–	–	–
EU Grant	–	–	–	–	–
	��������	��������	��������	�������	��������
	13,534 ��������	38,411 ��������	(27,078) ��������	(7,734) �������	17,133 ��������

20. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	–	–	–
Current assets	51,983	14,260	66,243
Creditors less than 1 year	(2,346)	–	(2,346)
	��������	��������	��������
Net assets	49,637	14,260	63,897
	��������	��������	��������
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	18	–	18
Current assets	69,968	17,133	87,101
Creditors less than 1 year	(1,104)	–	(1,104)
	��������	��������	��������
Net assets	68,882	17,133	86,015
	��������	��������	��������

21. Related parties

No transactions with related parties were undertaken such as are required to be disclosed under the FRS102.

- 17 -

Cutteslowe and District Community Association

Management Information

Year ended 31 March 2023

The following pages do not form part of the financial statements.

- 18 -

Cutteslowe and District Community Association

Detailed Statement of Financial Activities

Year ended 31 March 2023

	2023	2022
	£	£
Income and endowments
Donations and legacies
Gift Aid	1,807	1,663
Appeals, donations and pledges	24,255	21,289
City and County Councillors	500	6,100
Brad Foundation	5,000	–
Oxford City Council	1,000	3,000
Summertown/St Margarets Neighbourhood Forum	1,150	–
Tolkein Trust	15,000	15,000
St Michael's & All Saints Trust	–	2,000
Mactaggart Third Fund	1,000	–
Wolvercote Neighbourhood Forum	10,790	–
Oxford Community Foundation	18,245	8,100
St Andrews PCC	871	1,676
Waitrose	1,000	–
The Arts Society Oxford	1,000	–
St Edwards School	900	–
Government grant income	–	10,380
	��������	��������
	82,518	69,208
	��������	��������
Charitable activities
Room hire	13,946	4,786
	��������	�������
Other trading activities
Fundraising events	3,370	257
	�������	����
Investment income
Bank interest receivable	344	14
	����	����
Other income
Other income	–	161
	����	����
	���������	��������
Total income	100,178	74,426
	���������	��������

- 19 -

Cutteslowe and District Community Association

Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

	2023	2022
	£	£
Expenditure
Expenditure on charitable activities
Wages and salaries	45,662	33,359
Pension costs	1,108	599
Rates and water	356	337
Light and heat	2,448	3,466
Repairs and maintenance	8,070	3,378
Insurance	995	980
Other establishment	33,970	9,072
Legal and professional fees	1,653	1,605
Telephone	856	783
Other office costs	18,668	13,470
Depreciation	18	770
Centre Refurbishment	8,492	8,282
	���������	��������
	122,296	76,101
	���������	��������
	���������	��������
Total expenditure	122,296	76,101
	���������	��������
	���������	��������
Net expenditure	(22,118)	(1,675)
	���������	��������

- 20 -

Cutteslowe and District Community Association

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2023

	2023	2022
	£	£
Expenditure on charitable activities
General Centre running costs
Activities undertaken directly
Wages/salaries	37,522	24,855
Pension costs	1,108	599
Rates & water	356	337
Light & heat	2,448	3,466
Repairs & maintenance	286	3,378
Insurance	995	980
Other establishment	29,917	2,160
Legal and professional fees	531	495
Telephone	856	783
Other office costs	6,087	1,808
Depreciation	18	770
Centre refurbishment	8,492	8,282
	��������	��������
	88,616	47,913
	��������	��������
Cutteslow Seniors
Activities undertaken directly
Wages/salaries	3,703	3,557
Other establishment	–	2,080
	�������	�������
	3,703	5,637
	�������	�������
Art Club
Activities undertaken directly
Wages/salaries	1,943	1,470
Other office costs	210	188
	�������	�������
	2,153	1,658
	�������	�������
Dance Club
Activities undertaken directly
Wages/salaries	601	1,482
	����	�������
Sunnymead Minnows
Activities undertaken directly
Direct charitable activity 24 - other establishment	1,178	–
Other office costs	11,996	11,474

�������� �������� 13,174 11,474

Carried forward

- 21 -

Cutteslowe and District Community Association

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

	2023	2022
	£	£
Brought forward	13,174	11,474
	��������	��������
	13,174	11,474
	��������	��������
Bushcraft
Activities undertaken directly
Other establishment	732	9
	����	����
Summer Programme
Activities undertaken directly
Wages/salaries	1,893	1,995
Other establishment	2,143	4,823
	�������	�������
	4,036	6,818
	�������	�������
Jubilee Fund
Activities undertaken directly
Repairs	7,784	–
	�������	����
Community Larder
Grant funding activities
Other office costs	375	–
	����	����
Governance costs
Governance costs - accountancy fees	1,122	1,110
	�������	�������
	���������	��������
Expenditure on charitable activities	122,296 ���������	76,101 ��������

- 22 -