CHARITY REGISTRATION NUMBER: 1154860 Cutteslowe and District Community Association Unaudited Financial Statements 31 March 2025
Cutteslowe and District Community Association Financial Stalements Year ended 31 March 2025 Page Trustees, annual report Independenl examiner's report to the trustees Statement of financial activities Stalement of financial position Notes to the financial statements The following pages do not form part of the financlal statements Detailed statement of financial aclivities 19 Notes to the detailed statement of financial activities 21
Cutteslowe and District Community Associatlon Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statemenls of the charity for the year ended 31 March 2025. Relerence and administratlve details Registered charity name Gutteslowe and Districl Community Association Charily reglstratlon number 1154860 Prlncipal offlce 31 Wren Road Oxford OX2 7SX The trustees J Davis A Childs D Anderson H Baker S Buckley S Mccready S Scheele Independent examiner Nicola Jane Cadwallader FCCA For arKI On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1 TD
Cutteslowe and District Community Association Trustees, Annual Report (contlnued) Year ended 31 March 2025 Structure, governance and management The charity is a charitable incorporated organisation (Charily Commission No 11548601 which was registered on 4 December 2013 and is governed by a constitulion agreed at ils annual meeting. Funds from the unincorporated charity Cutteslowe and District Cornmunily Association (registered charity no. 304340) were donated lo the charity on that date. Trustees are elected at the annual meeting of the charity. New trustees are co-opted at olher times but their appointment must be confirmed at Ihe nexl annual meeting. The Associalion aims lo have a board of truslees which-. al contains the skills and expertise {for example In personnel, finance: health and safety, safeguarding, data protection anu premises management) which are required lo run a modern charity effectively, and bl understands the nature of the issues facing the particular community which it seeks lo serve and can develop strategies lo address them. The day-to-(Jay operations ol the Cotntnunily Centre Ihereinafler callod 'the Cenlre,) are managed by the Centre Manager who reports directly lo the Board of Truslees. From January 2021,this role has been fulfilled by Stephanie Jankovic. The trustee5 meet as a management cornmiltee at leasl 9 times a year. These meelings are frequently attended by an official trom the City Council, local City and Gounty Councillors and the Centre's rllanager. Others are rnvited as necessary. The trustees meet separately as required to consider particular issues. Sub-commiltees meet regularty to monitor aspects of the Associalion's operations.
Cutteslowe and District Community Association Trustees. Annual Report {contlnued) Year ended 31 March 2025 Objectives and aclivilles The objectives of the charity are to= al promole the benefit of Ihe inhabitants of the area of benefit without dislinction of gender, sexual orientation. nationality, age, disabilily, race or ol political, religious or other opinions by associating logether the said inhabitants and Ihe slalutory autnorities. voluntary and other organisations in a common effort to advance education and lo provide facilities in tne Interests ol social welfare for recreation and leisure lime occupation with the objecl of improving the conditions of life lor the said inhabitants-, and, bl establish: or secure the establishment: of a Community Centre and to maintain and manage the same (whether alone or in ca-operalion with any statulory authority or other person or body) in turtherance ol the above objects,. The Associalion shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Cutteslowe and the SLJrrounding dislrict. Activities Its principal activities in furtherance of these objectives are a) to maintain a community centre which is available lor hire by individuals ancl groups, and bl to run events and activities for Ihe benefit of Ihe whole communiiy and for parlicular groups within it. As a general rule proiecls are not initiated unlil full lunding for them has been secured. The Association currently employs a part-time Centre Manager and a part-time assistant. Other stafl are engaged lo assist in Ihe 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 Irustees offer Iheir warmest Ihanks. The charity maintains strong sinks and worf(s with a range of organisations including government agencies, local authorities: private and state schools: religious establishments, other charitie5, neighbourhood groups and private trusts. Public Benefit We have referred to the guidance contained in the Charily Commission's general guidance on public betielit when reviewing our aims and objective5 and ir planning our lulure aciivilies.
Cutteslowe and District Communlty Association Trustees. Annual Report (conllnuod) Year ended 31 March 2025 hlovomentB and porformance The Community Cenlre has continued to build on its recovery from the CQVKI affected years and, by the end ol calendar 2025, when thls report was written. the Cenlre wa8 operating at close to the capacity of its buildings and ils small permanent staff. Last year we highlighted the fact that the last stage of refurbishmant has been finished. Over the last two years this has led to a steady rise in the number of people using or visilin9 the Centre and the frequency with which our rooms have been hired out, wilh a particu18rly significant increase in Iheir use for parties and other events by local farnilies. This boost in Income has enabled us to offer free use lo more organisalions with little or no funding, such as for ESOL classés, Cilizens Advice and Age UK, and lacal support gTOUPS, such as for those with learning difficullies. Our principal foGus will remain on supporting families and young persons and regrettably there is lillle evidence that conditions for them are getting any easier. The Community Larder, which we host and which is organised by Cutteslowe Connected Church has seen no reduction in the number of familles using it. while the Wishing Tree project. matching, anonymously, donors of Christmas gifts wilh children of families in need. expanded by over 50410 thi518St year. Sunnymead Minnows, set up after the demise of Sure Slart to h81p socialise and prepare under fives for school, continues lo be fully sub5Gribed, Where we can we will continue to expand our help to the families in our neighbourhood. Needless to say, not much of what W8 do would be possible without the help of a stalwart band ol volunteers and wllhoul generous financ1 support of many of those who liva around us. To them all we wish to extend our grateful thanks. Flnanclal rovlew Income and expenditure in the year to March 2025 were almost in balance and the financlal position at the end of the year was satisfaGtory. We have been able to cope with Ihe sudden increase in costs, notably of gas and electricity, and we expect that the inflationary pressures will oase over the coming year. We are confidenl that we will be able lo maintain. or increase. the servi¢es which we provide or facilitate for our community. over the corning year. The trustees, annual report was approved on Irustees by.. ned on behalf of the board of An hllds Chair and Trustee
Cutteslowe and District Community Assoclatlon Independent Examlner's Report to the Trustees of Cutteslowe and District Community Association Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Cutte51owe and District Communily Association {'the charilv) for the year ended 31 March 2025. Respon8ibllltl•s and basi5 of rèport As the trustees of the charity you are responsible for the preparation of the financial st8lements in accordance with the requir6ments of the Charities Act 2011 ('the Act.). I report In respect of my examination of the charlty's financia5 stal8rnents 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 Charlty Commission under section 145(51{bl af the Act. Independént examiner's statem8nt I have eompleled my examination. I confirm that no material matters have Goffle to my att8nlion in connection with the examination giving me cause to believe that in any material respect.. accounling records were not kept in respect of the charlty as required by section 130 of th Acl,. or the financial slalements do not accord wilh those records, or the financial statements do not comply with the applicable requirements concerning the forrn and content of accoun15 set out in the Chari1195 (Accounts and Reports} Regulations 2008 other than any requiremenl Ihal the accounls give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concarns and have come across no oth8r matters In connection with the examination lo which attention should be drawn In this report in order lo enable a proper understanding of the accounts lo be reached. /L Nicola Jane Cadwallader FCCA Independent Examiner For and On Behalf of Oavid Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bic8Ster Oxon OX26 1TD
Cutteslowe and District Community Association Statemenl of Financlal Activities Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activitie5 Investment income 47,643 21.392 3,619 1,161 64.403 112,047 21,391 3,619 1,161 138,218 77,393 15,928 1,744 1,178 Tolal income 73,815 64.403 96,243 Expenditure Expenditure on charitable activities Total expendllure 77,721 77,721 37,118 114,839 114,839 95,929 37,118 95,929 Net income (3,906) 27,285 23,379 314 Transfers between funds 2,449 (2.4491 Nel movement in lunds (1,457) 24,836 23,379 314 Reconciliation ol funds Total funds brought forward Total funds carried forward 48,327 46,870 15,884 64,211 63,897 40,720 87,590 64,211 The statement ol financial activities Includes all gains and losses recogni5ed in the year. All incarne and expendilure derive from continuing aclivities. The notes on pages 8 to 17 torm part of ihese financial statements.
Cutteslowe and District Communlty Assoclation Statement of Flnancial Position 31 March 2025 2025 2024 Not• Current assets C8sh at bank and in hand 90,668 66,845 Cr•dltor8: amounts falllng due within one yoar Net current assets 14 3.078 2,634 64,211 87.590 Total asset5 loss curronl liabilitios 87,590 64,211 Net assets 87,590 64,211 Funds of the charlty Restricted funds Unrestricted funds 40,720 46.870 15,884 48,327 Total charlty funds 16 87,590 64,211 es financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of th8 board by. Ann Childs Chair and Trustee Donald Anderson Treasurer and Trustee Th• notgs on pages 8 to 17 form part of the$0 flnanclal 5tatement$.
Cutteslowe and District Community Association Notes to the Financial Statements Year ended 31 March 2025 General information The charily is a public benefit entity alld a registered charity in England and Wales and is unincorporated. The address of the principal office is 31 Wren Road, Oxford, OX2 7SX. Statement of compliance These financial slalements have been prepared in compliance wth FRS 102, 'The Financial Fleporting Standard applicable in the UK and the Republic of Ireland,. the Stalefflenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SOAP IFRS 10211 and the charities Act 2011. Accounling policies Basis of preparation The financial statements have been prepared on the historical cosl basis. as modified by the revaluation ol certain financial assets and liabilities and inveslmeni properties measured al lair value Ihrough income or expenditure. The financial statements are prepared in sterling. which is the lunclional currency of the entily. Going concern The accounts have been prepared on a going concern basis. Disclosure exemptions The enlily satisfies the criteria of being a qualifying enlily as defined in FRS 102 Ils linancial statements are consolidated into the linancial statements of (enter name ol group financial statements) which can be obtained from (enter detail). As such. advanlage has been taken of the following disclosure exemptions available under paragraph 1.12 ot FRS 102.. (al No cash flow statement has been presented for the company. (bl Disclosures in respect of financial instrurnenls have not been presenled. Judgements and key sources of eslimation uncertainly The preparation of Ihe financial slatements requires management to make judgements, estirnates and assumptions that affeci the amounts reported. These estimates and iudgemenls are continually reviewed and are based on experience and other factors: inc,uding expectations of future events that are believed lo be reasonable under the circumslances.
Cutteslowe and District Community Association Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (continued) Fund accounting Unrestricted funds are general funds available lor the general objectives of the charity. Designated funds are unreslricled reserves Ihat have been set aside by the Charity for partiCLJlar purposes Rcstricted funds can only be used for the PUTposes lor which they have been given, within Ihe objectives of the Charily. The cosls of ra15ing and aoministering such funds are charged against those specific funds. The various funds are detailed In the notes to the aCConts. Incoming resources All incoming resources are included in the statement of linancial activities when enlitlemenl has passed lo the charity.: it is probable that the economic benefits associated with the Iransaclion will flow to Ihe charity and the amount can be reliably measured The following specific policies are applied to particular categories ol Income= income from donalions or grants is recogrised when there is evidence of entitlement to the gill, receipt is probable and its amount can be measijred reliaoly. ,egacy income is recognised when receipi is probable and enlillement is established. income Irom donated goods is measured at Ihe fair value ol the goods unless this is irrTpractical to measLJre reliably, in which case thc value is derived from the cost lo the donor or the estimated resale value. Donated facilit es and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for Ihe contribution of general volunleers. income from contracts lor Ihe supply of services is recognised with the delivery of the contracted service. This Is classilied as unrestricted funds unless there is a conlraclual requirement for it lo be spent on a particular purpose and relurned il 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 lo pay lor the goods or services. As the Charity is not registered lor VAT, all expendilure is shown inclusive ol VAT. Tangible assets All capital expenditure in excess of £l:000, for a single item or a group of similar items, is capilalised. Oepreciation Depreciation is calculated so as to write off the cosl or valualion ol an asset, less ils residual value, over the useful economic life ol Ihal assct as follows.. Fixlures & Fittings Computer Equipment 20Q/y Straiglt line 330/. slraiglt line
Cutteslowe and District Community Association Notes to the Financial Statements (tonllnuedj Year ended 31 March 2025 Accounting policies fconlinuedj Impairmenl of fixed assels A review for indicators of impairment is carried oul at each reporting date, with the recoverable amount being estimated where such ind.'catars exist. Where the carrying value exceeds the recoverable amount, Ihe asset is impaired accordingly. Prior Impairments are also reviewed lor possible reversal al each reporling date. For the purposes of Impairment testing, when il is noi possible lo estimate the recoverable amounl of an individual asset, an estimaie is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assels that includes the asset and generates cash inflows that largely indepenaent Df the cash inflows from other assets or groLJPS of a5sels. For irrTpairmenl testing of goodw.11, Ihe goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combinalion, irrespeclivc at whether othcr assets or liabi ilies of the charity are assigned to those units_ 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 aTnount receivable or payable including any related transaction costs. Current asseis and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and oot discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequerlly measured at fair value with changes in fair value recognised IM income and expen¢Jilure. All o.her such investments are SLJbsequenlly measured at cost less impairment. Other linancial instrurnenls, including derivatives, are initially recognised al fair value, Ljnless payment for an asset is deferred beyond normal business terms or financed al a rale ol interest that is not a market rate, In which case tne assel is measured at the present value ol the future paymenls discounted al a market rate of ,nterest lor a similar debt instrument. Other financial instrumenls are subsequenlly measured at fair value, with any change5 recognised in the statement ol linarcial aclivities. with the exception of hedging instruments in a designated hedging relalionship. Financial assets that are measLJred al cost or amortisea cost are reviewed for objective evidence of ifflpairment at the end af each reporting dale. 11 there is objective evidence ol impairment, an impairment loss Is recognised under the appropriate heading in the slalement ol financial aclivilies in which the initial gain was recognised For all equity inslruments regardless of significance. and other financial assets that are individually significant, these are assessed individually for impairmenl. Other financial assels are either assessed individbally or groL'Ded on the basis of similar credil risk characteristics.
Cutteslowe and District Community Association Notes to the Financial Statements (Contlnued) Year ended 31 March 2025 Accounting policles (conlinued) Financial instruments {conllnued) Any reversals of impairment are recognised immediately. to the exlent that the reversal does not result in a carrying amount of the financial assel that exceeds what Ihe carrying amount would have been had the impairmenl nol previously been recognised. Defined contribution plans Contributions to defined conlrioulion plans arc recogni5cd as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that Ihe prepayment will lead lo a reduclion in luture payments or a cash refund. When contributions are not expected to be settled wholly within 12 months ol the end ol Ihe reporting dale In which the employees render the related service. the liability is measured on a discounled present value basis. The unwinding of the discounl is recognised as an exoense in the period in which it arises. Donations and legacies Unreslricled Funds Restricted Total Funds Funds 2025 Donalions Gift Aid Appeals: donations and pledges City and County CoLJncillors Brad Foundation 5,578 23,420 5,578 44,007 2,500 20,587 2,500 Granls Oxlord Gity Council Sumtnertownlst Margarets Neighbourhood Forum Tolkein Trust Mactaggart Third Fund Wolvercote Neighbourhood Forurn Oxfordshire Comrnunily Foundalion Sl Andrews PCC Other grants 1,300 4,500 1,300 4,500 15,000 2,000 9,132 20,910 6,250 870 15,000 2,000 9,132 18,515 5,000 869 2.395 1,250 47,643 64,403 112,047 Unreslricted Funds Restricted Total Funds Funds 2024 Donations Gift Aid Appeals, donations and pledges City and County Councillors Brad Foundation 5.595 22,926 5,595 28,687 7,500 3.861 5.761 7.500 3,861
Cutteslowe and District Community Association Notes to the Financlal Statements (contlnuedj Year ended 31 March 2025 Donatlons and legacies (conlinuedj Unrestricled Funds Restricted Total Funds Funds 2024 Grants Oxford Cily Council Summerlownlst Margarets Neighbourhood Forum Tolkein Trust Mactaggart Third Fund Wolvercole Neighbourhood Forum Oxlordshire Communily Foundation St Andrews PCC Other granls 1,950 1,950 15.000 15.000 1,250 8,750 1,250 8,750 3,700 1,101 3,700 1,100 43,521 33,873 77,393 Charitable activilies Unrestricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Room hire 21,392 21,391 15,927 15,928 Other trading activilies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising events 3,619 3.619 1,744 1,744 Investment income Unrestricted Tolal Funds Unreslricled Tolal Funds Funds 2025 Funds 2024 Bank interest receivable 1,161 1,161 1,178 1,178
Cutteslowe and District Community Association Notes to Ihe Financial Statements (conlinuedj Year ended 31 March 2025 Expendllure on charitable activities by fund iype Unrestricted Funds Reslricted Total Funds Funds 2025 General Centre running cosls Culteslow Seniors Ari Glub Dance Club Sunnymead Minnows ushcrafl Summer Programme Cammunity Larder Support costs 76.481 10,444 5,563 1,853 86,925 5,563 1,853 15,667 15,667 3,591 3,591 1,240 1,240 77,721 37,118 114,839 Unrestricted Funds Restricled Tolal Funds Funds 2024 General Centre running costs Culleslow Senior5 Art Glub Dance Club Sunnymead Minnows Bushcraft Summer Programme Community Larder Support cosls 65.948 76 3,990 3,252 468 15,255 987 4,346 399 66,024 3,990 3,252 468 15,255 987 4,346 399 1,208 1,208 67,156 28.773 95,929 Independent examlnation lees 2025 2024 Fees payable to the independent exaffliner for.. Independeni examination of the Iinancial statemenis 1,240 1.040 10. Staft cosls The lolal staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Employer contributions to pension plans 55,793 1,330 57,123 48,819 1,174 49,993
Cutteslowe and Distrlct Community Association Notes lo the Financial Statements (contlnuedj Year ended 31 March 2025 10. Staff cosls (continued) Centre Staff during the year were Slephanie Jankovic and Mariana Bujons (12 months each) Centre Manager Stephanie Jankovic- 30 hours per week Administralion Assistant Mariana Bujons- 24 hours per week Seniors co-ordinator Sylvia Barker- 22 hours per calendar monlh Arl club leader Helen Edwards- 2 hours per week in term lime Sufflwer Programme leader Fiona Greenwood - 5 hours per week The average head count of employees during ihe year was S (2024: 51. No employee received employee benefits ot more than £60,000 during the year12024.' Nil). 11. Trustee remuneratlon and expenses No remuneration or other benefits from etnployment with the charity or a related entily were received by the truslees. 12. Transfers belween funds Where expendilure oll a restricted fund exceeds income, the balance is covered by a transfer from general reserves. The detail is shown in note 19. 13. Tangible lixed assets Fixtures and fittings Equipment Toial Cost At 1 April 2024 and 31 March 2025 Deprecialion At 1 April 2024 and 31 March 2025 Carrying amounl At 31 March 2025 7.352 1.773 9,125 7.352 1.773 9.125 At 31 March 2024
Cutteslowe and District Community Association Notes to the Financial Statements (continued) Year ended 31 March 2025 14. Credilors: amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 1,091 1.987 1,040 1,594 3,078 2,634 15. Pensions and other post reliremenl benefits Defined contribution plans The amount recognised In income or expendilure as an expense in relation to defined conlribution plans was £1,330 (2024: £1.174). 16. Analysis of charitable tunds Unrestrlcled funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers General funds Cenlre refurbishment 48.327 73.815 (77,721) 2,449 46,870 48,327 73.815 (77.7211 2,449 46,870 At 1 April 2023 At 31 March 2024 Incoffle Expenditure Transfers General funds Centre refurbishment 45,350 4.287 62.370 (67.156) 7.763 {4,2871 48,327 49.637 62,370 (67,1561 3,476 48,327
Cutteslowe and District Community Association Notes to the Financial Statements {contlnuedJ Year ended 31 March 2025 16. Analysis of charllable funds (continued) Restricted lunds At 1 April 2024 At 31 March 2025 Incorne Expenditure Transfers Newsletter Art Club Dance Club Seniors Sunnymead Minnows Family Film club Community Larder Room Hire Support 8ushcralt Summer Programme EU Grant Warm space provision Centre Teturbishment 150 870 (1 ,853) 833 6.599 34,422 (4,119) {17,112) {232} (1,491} 2,248 17,353 1.534 3,725 3.400 (2701 (7171 3,455 2,683 4,150 5,716 13,5911 (5001 5,775 540 9,131 {721 468 8,738 40,720 10,050 15,884 (10,4431 (37,1181 64,403 (2,4491 At 1 April 2023 Al 31 March 2024 Income Expendilure Transfers Newsletter Art Club Dance Club Seniors Sunnymead Minnows Family Filffj Club Cornmunity Larder Room Hire Support Bushcrall Summer Programme EU Grant Warm space provision Centre relurbishmenl 76 {76) (3,252) {468) (3,990) (15,254} 3.657 334 450 12.583 12551 134 3.540 11.8141 1566) 150 6,019 566 1,534 400 {4001 1.011 987 2,531 3,070 (9871 14,3461 5,399 566 {3,070) {J.0001 4.150 1.000 10.050 10,050 14,260 33,873 (28,7731 {3,4761 15,884
Cutteslowe and District Community Association Notes to the Financial Statements (continuedj Year ended 31 March 2025 17. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Cur,'enl assets Creditors less than 1 year Net assels 49,948 (3,0781 46,870 40,720 90,668 (3,078) 87,590 40,720 Unrestricted Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assels 50,961 (2,6341 48,327 15,884 66,845 (2,6341 64.211 15,884 18. Related parties No transactions with related parties were underlaken such as are required to be disclosed under the FRS102.