OXFORD SPORTS COUNCIL CIO {Registered Charity No. 1157037) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Report of the Trust$ Independent Examinef s Report Flnancial ststèments
Page 1 OXFORD SPORTS COUNCIL CIO REPORT OF THE TRVSTEES The trustees present their report for the financial statements for the ended 31 Dernber 2023. Charilabl• Status Oxford Sports Council CIO was registered as a char[lab IrpOrated Organisation on 14 May 2014, number 1157037. Trustses The Trustees who have hekl office at any Int during the year end1 31 December 2023 to the date of this reF¥)rt are as foltows.. David Whittsngham Margaret Stevens Rupert Evans Glaham Jon8s (Chair from 24" May 2023) (Chair to 24 May 2023) (WKe Chaw) Kate Mulrey i8 an observer. with a view to iCAning the Trustee Board at rls next meeting. Councillors Aex Hollingsworth and Chewe Munkonge represent Oxtord Cty Council: Amy O'Hanlon rs the Oxford UnIvety rep and Davvj Steer ts the Oxford Bfookes UnNersty rep. Structur•. Govemance and Managemerrt The charity is govemed by a Consbtulion register&J at ils incorporation on 14 May 2014. All new Trustees are cruIted on the recommendab'on of organisatK)ns and people with whom the charlty works, or by existFng Trustees.. ttky a given an inductim p¥k and offered appropriate training in order to fulfil their role. The charity ts the Successor body to Oxford Sr.ng Facilibes Trust and Oxford Sports C41, and Iwk over all the assets and liabil$ of both btsjies followir¥J tts incorForath. Obioctives and actlvhies The objects of Oxford Srths Council CIO are to prorncrte comuntty participalion in amateur spcyt and healthy recreation for the benefft of the inhabitants of Oxford arvy the surrounding area. It makes grants to appropriate t¥Jdies in furtherance of ts objective. A¢hievoments and perfomianc• During the year the charity made grants totalling £40.633 {2022 £8.029. including trophy expenses). The trustees have continued to promote the availabilty of grants. and endin9 of COVKI 19 restn"ctions has enabled more sports organisatsons to bid for grant sup Publlc Benefft The Trustees of the chanty have had due regard both to the objectives of the charty. as set out above. and aiso to Ihe guKlan¢e on public benefft published by ts Charity Commission. in exercisiThJ their poweryJ and duties.
Page 2 OXFORD spoiyrs COUNCIL CIO REPORT OF THE TRUSTEES (condnued) Risk management The principal risk the charity may is perceived to be failure to altract suitable bbds lor funding. To mitigate thi5 risk, the charty continues to ty vartous ways of raising tts profile to broaden its appeal. and has moddled various scenarios for managing its future OFerations. Financial Rev For the year 2023, the chartty in¢urrtrJ a deficit after tax of £15.389 (2022 deficit of £1,146),. the remaining reserves of £46.368 will be applied to grant making and other charitable a¢tivities. None of the trustees receives any remuneration {2022 £NILI from the charity. which 1$ SUPFM)rted through the voluntary assistance of a number of individuals. There were no paid employees (2022: 0). Reserves The tnjstees telieve that the chantys assets are availab and adequate to fulfil the obligations of the charity a5 a vthole, and th it is appropriate to ppare the accounts on a going ¢oncem basis. Even rf no rentsl income were generated in future years. the remaining reserves balance would fund at least fourteen months of CUTrent grant and other expenditure. The trustees are therefore satbsfied that the charity remain$ a going con¢em for at $t 12 months the date of signing this reporL Indopondent examlnation The independent examination of the charity's ¢ounts has been urbyertaken by Peter Stevenson, Chartered Accountant. Approved by the TrLBtees on 9 October 2024 And signed order of the board by D Whfftingham Chairman
Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD SPORTS COUNCIL CIO I report on the aCCnIS of the charty for the year ended 31 December 2023. which are set out on pages 4 to 6. R•spectlve Responsibiliti•s of Trustees and Examiner As the charity's trustees you are responsible for the preparation of the accounts. You consider that the audit reqU1ment of section 144 of the Chanties Act 2011 (the Act) does not apply, and that an independent examination is needed. It is my responsibility to state on the basis of Procedures speufied in the General Directions given by the Charity Commissioners under section 145 of the Act. whether particular matters have come to my attention. Basls of Indèpendent Examinerfs Report My examination was carrie<l out in accordance with the General Directions given by the Charity Commissioners. An examination indudes a review of the accounting records kept by the Charity and a comparison of the accounts presented Vth those records. It also indudes consideration of any unusual items or disdosures in the accounts. and seeking explanation from you a5 trustees conMIng any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit. and consequentiy I do not express an audrt OnIOn on the view given by the accounts. Independent Examinerfs Statement In connection 1th my examination, no matter has ¢ome to my attention.. (l) which gives me reasonable cause to believe that in any material resp the requirements to keep accounting records in accordan with section 130 of the Act: and to prepare accounts vthich accord with the accounb'ng records and to comply with the accounts'ng requirements of the Act have not been met., or (2) to which, in my opinion. attention should be dra in order to enable a proper understsnding of the accounts to be read*d. PeÉer J. S trf vfKu o. Peter J. Stevenson Chartered Accountsnt 8 Harbord Road Oxford OX2 8LJ Date: 9 October 2024
Page 4 OXFORD SPORTS COUNCIL CIO statement of financlal Activlti•s for the year onded 31 December 2023 GENERAL FUND 2023 2022 INCOME Voluntary ineome Adlvlties for genernting funds SFJts rertsl in 8.000 26.630 320 Rent charge Wr[it back Deposit interest 120 120 378 TOTAL INCOME 26.750 8,378 EXPENDITURE Costs of ggnornting funds Expendlturn on charitsblo a¢tsvlll•s Sportsperson awards & expenses AGM expenses Secretsrial costs Computer fees Bank charges 8.029 40 1,248 40.633 71 1.248 27 81 100 9.524 100 42.139 TOTAL WENDITURE 42.139 9,524 -1,146 Net {deficit) tthire tax -15.389 Cwation Tax NET (DEFICIT) AFTER TAX Add Genera Fund, balance 1.123 GENERAL FUND balance CM. 31.12.23 -15.389 -1.146 61.757 K2,903 £61 757 funds of the ¢h"ty were mrestrKd.
Pay5 OXFORD SPORTS COUNCIL CIO Charity No 1157037 Balance Sheet 31 December 2023 2023 2022 FIXED ASSETS Tangft)f8 assets CURRENT ASSErs D8btors Cash at bank 47.968 47.968 61.857 61.857 CURREfrif UA81UTIES Is•e nolo4) Creditors 1(M) NET CURRENT ASSETS 61,757 NEf ASSETS FINANCED BY Genernl Fund- unrestrktsd £61757 Trusteu. r•¥pon¥rb5111198 Charity faw requKes the trustees to accLwnts for 8a¢h fin8nciaf peri2 glve a truo and fair view of the state ofaffairs ofthe charity aN1 of sUltS for that perKJd. In prep3riro ihese aCnts, the twstees afft require(I to select Suitab acc¢)uthiftg F¥)Jic4e$ and to apply thern con5iStenUy.' make Idgements and estimates that are reasonthe and lntr. aThJ prepare thè awjnts on thè going concem ba$is unless it is Inap[Priats lo assume that Ihe tharity will in business. The trustees are responsible for keewng proper athing IOrdS which disdose Vth reasonable awjracy * any time Ihe financi p)sitJn of chity. They 8re also responsible for safeguarding the asset$ of Ihe charity. arKI h8nce for taktng reasonabfe stws for the prevention and detecaion of fraud and other irwlaribes. Those ¥ccounts were aFwoved by the Bod on 9 OLknber 2024 &gn8d on behalfofthe Board ty. DaMd Whittkng airman
OXFORD SPORTS COUNCIL CIO Pago 6 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 1. Basis of accountlng The financial ststements have been prepared in accordance wrth the Statement of Recommended Practice'AccoLbnting and Reporting by charib.es applUe to charitie$ preparing their accounts in accofdance with the Financial Reporb"ng stsndard apKable in the UK and Republic of Ireland (FRS 102). and with the Charilies Act 2011. The financial statements have teen prepared under the historKal cost convention. The trustees have revie11 thwr Current OperanS, and are satisfied that the Charity has an adequate e1 of reserves to con'nue Okttng normalty for at knt 12 months from the date of signing their rewt l Accounting poll¢lo6 (al ID¢ome is included in the SofA wfien: the ents.ty becomes enkn'tled to the resources it is probable thatthe income will be receNed the rnnetary value ¢an be measured with sufficient reliabilty. (b) Llabilfties are recognised as soon as there is a legal or constru¢tiv• ONatiOn commilb'ng the entsty to pay wt OUrCes. 3. Expondlture Expenditure includes the Independent Examine¢s fee £11J) (2022 £11). No rernuneratn was paid to trustees or Commit expenses reimbursed (2022 NIL): the average number of empbyee5 was 012022: 0). 2023 2022 4. CrediloTS Grant payable Independent examinerfs fee 100 100 £1.600 £100