## **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(kn￿nd•Tht ExamlMrf• R•port

1157037.
this r8Pryt *• a8 follo￿.
Rupert Ev
L(yna McCull(xh
(R•w20 ￿￿2020)
f￿fil th* rokn.
tXKlry yw ch* Iiwe £28.878 (2019 £33.513). Tr trustees eottrnued to
P* B•n8fft
dulles.

P*Je 2
Rlsk managmw
The ￿l￿PaI risks th8 ch•ty may face *e pWc*￿j to ￿ falwe to attra# suitable bids for funding arKI the
eff￿ts of Cowd 19 in SFKMts and t￿re 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
eff￿19 of Covid 19 on its OFerat
Flnanew R•vlva7
For tho year 21Y20, charity h￿rred a deficit after tax of £9,364 12019 deficit of £13,953)" the remaining
resèrves crf £72,941 ￿11 be appl*d to grant makitYJ (thr Chantab￿ &tiviti88. None of the trustees
r￿erVeS any rernUrw*1￿ (2019 £NIL) fnxn Iho *l)K* 18 supp￿￿ thrry4h vduntary a88rstance
of a numb8r of Ir￿MdU￿.
The trustees beI￿Ve 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 Fin￿la1 Activltie3 <£1,8￿), by ts r&(Yffj of a £7Crf) 1X￿trIbU￿ to the legal ccfjts.
The rem*ning re8errn at J8a8t yew8 of ￿rrent grnnt and eXT￿ditUre.
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
chairn￿n

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 p￿paration 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 Con￿rning 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
Off￿e 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 Y￿re un￿trIcted.

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 ap￿ICable to Charit￿s 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
obl￿atIon committing the ents'ty to pay out resources.
3. Expendltur•
Expenditure incIL￿a$ 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