**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.** 

**- 6 -** 



## **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**<br>��������|86,015<br>��������|



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.** 

**- 7 -** 



**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. 

**- 8 -** 



**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. 

**- 9 -** 



**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. 

**- 10 -** 



## **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<br>��������|37,671<br>��������|**82,518**<br>��������|



**- 11 -** 



## **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|
||����|����|����|����|



**- 12 -** 



## **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**<br>����|770<br>����|



**- 13 -** 



## **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**<br>��������|33,958<br>��������|



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. 

**- 14 -** 



## **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**<br>�������|1,103<br>�������|



## **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|**–**<br>����|10,380<br>��������|



**- 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<br>��������|38,411<br>��������|(27,078)<br>��������|(7,734)<br>�������|17,133<br>��������|



## **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**<br>���������|76,101<br>��������|



**- 22 -**