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 D￿ernber 2023. Charilabl• Status Oxford Sports Council CIO was registered as a char[lab￿ Ir￿pOrated Organisation on 14 May 2014, number 1157037. Trustses The Trustees who have hekl office at any ￿Int during the year end￿1 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 UnIve￿ty 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 C￿￿41, 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 p￿pare 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 aCC￿nIS 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 reqU1￿ment 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