OXFORD SPORTS COUNCIL
CHAIRS REPORT JANUARY 2020-DECEMBER2020
Due to the COVID 19 pandemic all the meetings this year have been virtual.
Very little sport was played due to the lockdown, this included many of the Town and Gown matches.
Applications for our monthly grants were down, but we ran a very successful special grants programme awarding up to £10,000.
Our income reduced in 2020 as the facility was closed for many months.
With the easing of restrictions 2021 should be busier.
December 2020
OXFORD SPORTS COUNCIL CIO (R•gl8tsr•d Charity No. 115703n TRUSTEES. REPORT AND FINANCIAL STATEIAENrs FOR THE YEAR ENDED 31 DECEMBER 2020 1.2 R•wt ol lh• Tn•tso• In(knnd•Tht ExamlMrf• R•port
1157037. this r8Pryt • a8 follo. Rupert Ev L(yna McCull(xh (R•w20 2020) ffil th rokn. tXKlry yw ch Iiwe £28.878 (2019 £33.513). Tr trustees eottrnued to P B•n8fft dulles.
PJe 2 Rlsk managmw The lPaI risks th8 ch•ty may face e pWcj to falwe to attra# suitable bids for funding arKI the effts of Cowd 19 in SFKMts and tre industy pwalty. To mitigate these iisks the charity continues to try various ways of wsirMJ ts profiie to ts atwl has moddknl varKkn scwwi(x the ongoing eff19 of Covid 19 on its OFerat Flnanew R•vlva7 For tho year 21Y20, charity hrred a deficit after tax of £9,364 12019 deficit of £13,953)" the remaining resèrves crf £72,941 11 be appld to grant makitYJ (thr Chantab &tiviti88. None of the trustees rerVeS any rernUrw1 (2019 £NIL) fnxn Iho l)K 18 supp thrry4h vduntary a88rstance of a numb8r of IrMdU. The trustees beIVe that asets are avarfable axl to fuffd the obligatth8 of th8 charity as a vtholo, arKI ltst rt is apFwiate to prepare the ntS cffi a win9 cc¥xm basi8. The loans outstarKlirvJ have both been repaid in ftth" the ltya costs of rKthpring of tl k)an8 have te charged in the Statement of Finla1 Activltie3 <£1,8), by ts r&(Yffj of a £7Crf) 1XtrIbU to the legal ccfjts. The remning re8errn at J8a8t yew8 of rrent grnnt and eXTditUre. Ind•pond•nt •x•nlnallon A¢c¢>Jntant. Apwov&1 by the Tn Iyt 28 May 2021 d 81gned by c*dw ofthe IKArd by chairnn
Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD SPORTS COUNCIL CIO I report on the accounts of the chanty for the year ended 31 Dec8mber 2020, which are set out on pages 4 to 6. Respective Responsibilities of Trustees and Examiner As the charty's trustees you are responsible for the pparation of the accounts. You consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. and that an independent examination is needed. It is my responsibilrty to state on the basis of Procedures specified in the General Directions given by the Charty Commissioners under section 145 of the Act, whether particular matters have come to my attention. Basis of Independent Examiner'8 Report My examination was carried out in accordan with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Chanty and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in the accounts, and seeking explanation from you as trustees Conrning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examin•rf8 Statement In connection wth my examination, no matter has come to my attention.. (l) which gives me reasonable cause to believe that in any material resp&ct the requirements to keep accourrting records in accordance Imth section 130 of the Act. and to prepare accounts which accord vlrth the accounting CordS and to comply with the accounting requirements of the Act have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I ctrtrJ.fjFtVfrk40 Peter J. Stevenson Chartered Accountant 8 Harbord Road Oxford OX2 8LJ Date.. 26 May 2021
Pago 4 OXFORD SPORTS COUNCIL CIO Statement of Flnancial Actfvlt*s for the year ended 31 Dècember 2020 GENERAL FUND 2019 INCOME Voluntary income Legal fees recovered 23.149 700 22,016 23.849 22.016 EXPENDITLIRE Sportsperson awards & expenses Secretarial costs Office rent Offe and other costs AGM expenses Bank charges Legal fees Accountancy fees 28,878 1,515 33,513 1.515 680 51 60 100 150 35,969 33,213 Net Ideficitl before tax -13,953 Corp)ralion Tax NET {DEFicrr) AFfER TAX -13,953 Add General Fund, balance blf 1.1.20 82.305 96,258 GENERAL FUND balance CM, 31.12.20 £72 941 All funds of the charity Yre untrIcted.
OXFORD SPORTS COUNCIL CIO Charlty No 11F1037 2019 FIXED A38Ern IlolD 1) Tarylljlo a••ets ri.515 Tl,515 73.511 cuièieiir UA8ILmES Ml• ri941 NEf ASSEf8 FINANCED BY ¢hovg•d ts) Ih G•xrnl Fwrtl. gnwj on t•h8Kof
OXFORD SPORTS COUNCIL CIO Pag• 6 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 1. Basis of accountlng The financial statements have been prepared in accordan wth the Statement of Recommended Practs"ce 'Accounting and Repo.ng by Charities apICable to Charits preparing their accounts in accordance with the Financial Reporb"ng Stsndard applicable in the UK and Republic of Ireland IFRS 102}, and wrth the Chanknes Act 2011. The financial statements have been prepared under the historical cost convention. The trustees have reviewed the charitys exposure to the conb"nuing effects of Covhl 19 on their operations, and a sabsfied that the charity has an adequate level of reserves to contsnue operating normally for at least 12 months from the date of signing their report. 2. Accountlng polic16• (a) Income 18 included in the SofA when". the entity becomes entrtled lo the resources rt 1$ probable that the irtcome will be received the monetary value can measured wth Suffic lIa'1. Ibl Llabilitie8 are reccsnised as soon as there is a legal or construth.ve oblatIon committing the ents'ty to pay out resources. 3. Expendltur• Expenditure incILa$ the Indopendenl Examinerfs fee £100 (2019 £150). No MUnerab0n was pa to trust or committee exp8nseg reimbur$8d12019 NIL); the average number of èmployees vras 112019. 1). 2020 2019 4. Crqdltorn Office rent Independent examiners fee12 years) 320 250 340 150 £S70 £490