REGISTERED CHARrrY rwMBER: 1162773 APPROVAL REPORT OF THE TRUSTEES AND FINANCLIL STATEMEPUS FOR THE YEAR ENDED 31 MARCH 2024 FOR OAKETr4SHAW COMMUN ASSOCIATION CIO RNrr RIbester$ Accowjtallts and Busin&%s Advisors Finchale House Behnont Business P DHI ITW
OAKENSHAW COMMui¥rrY ASSOCtATIOI¥ CIO CONfENTS OF THE FLYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report ofthe Trustees I to 4 Independent ExamlDer's Report Statejnent of Financial Artivities Ball¢e Sheet Notes to the Finayjcial Statements 8 to 13
0AlNSHAw COMMUNITY ASSOCIATION CIO REPORT OF THE TRUSTEES FOR THE TrIAR ENDED 31 MARCH 2024 The tsustees present tbeir report with the fiDancial statements of the charity for the year ended 31 March 2024. The stees baye adopted the provisioDS of Accounting and Re[ by Charities.. Ststetuent of Recon]mended Practice applicable to eharities preparing their accoullts in accordance witb the Fillaticial Reporting Standard applicable in the UK gnd Republic of Ireland (FRS 102) (effectiv¢ l January 2019). Objectives aDd aims To fillther or benefit residellts of Oakenshaw and the surrounding arg without distincti¢)n of sex, s&xual orientation, race or of politicaL religious or otber OPiDions by associating togetber the said residents and the locai authorities. voluntary and other organizations iti a Common effort to advance education and to provide facilities ill the inierest of social welfare for iecreation and IeÉsure-tie (Kcupation with the objective of improving the collditions of life for the residents and to prornote other charitable objects for the benefit of the community. The above is the official wording in th¢ Oakenshaw Community AssociatiOD Constitution when established as a Charitable Incorporat Organisation On 22nd July 2015. It w&% set w) by 03keDshaw Community AssociatiotL which was a registered cbarity, and had existed since (ktober 2008. Thus all fi& fmm the old cotDmunity association were transferred into the new or8aDisation. The work of tbe Oakenshaw Community AssiKiation ¢ontinued under the new arrdngements. Signifi£ant Aetivfitles This fJnan¢ial year tbe cornttlittee have continued with meetitigs every six wttks. To facilitate the eugagement of parellts with the cotnmittee we have offered online participation in fatt face meeting5. The WOTk of the cotnmittee ts recorded in minutes of meetings and projert progre&s ts shared within the committee on a google dtive plarforni. To ensure engageent of village resident'5 urfom)ation and minutes ate posted ¢)n our Facebook site and hard copies are usually placed in the noticeboards. Recently the noti¢eb)ards wer¢ dawed and are currently undergoing repair. The AGM was held in October 2023. Money from the comrnuuity benefit wind turbine is coming into our fim(L% {incoti)e from the tuthine is until 2034), which nke5 us collfident about continu]ng WO into the eth"u tem fvtUTe. It also llthkes us less reliant on raising fijnds from other organizatitsns although part of our philosophy i5 to raise matcbed fijnding whellever possible to ake our fillLds go further in achieving our aAn]s for the pubhc bellefiL We have successfully obtained grdnts for the refuthislllnent of the play area {£25,000), £51MI to deliver a swrts progrdlljrne iti the next financial yeax. A snull grant (£100) was awarded to defray costs of celebrating the Coronation. Many services we reli on frorn the Coullty Coun¢il and other fidIll8 bodies are being withdrawn which rdises philosophi1 questioos for us in tern of what we should be fimding. The committtt takes the view that where services are the resp)llsibib"ty of ststutory authorities our role is to act as a pressure wup for thern to deliver servic&%. However. constraints on spellthng by I1 authoritie5 IMS meant that the cost of new improvements, sucb as speed reduction measures. fencing and parknllg is mei by tbe Association and supported where possible by grant ful1& In all ow work we do tske account of the Charity Conllnissions guidance on public benefit. The Oakenshaw NeighbouthoLxl Plan (ONP) was adopted on May 6th 2021 with a 730/0 Itiajority. This along with the community survey &qrried out in January 2021 has glven the Corntnullity Association a strategic vision for future projects that benefit ibe c¢)mrnunity aud a mandat¢ to carry these OUL Three key objectives were Identifi in the survey.. to improve and protect the field known as Ibe green. to the West of New Row by making it more usable as a public alnenity, io build a c4)mrnunity bub to itnprove village illfrastN¢tllre and provide all indoor meeting place. to build a smzll nurnber of level access home5 for people with mobility issues. In view of the srnall number of ¢ommittee members we are mindful that we Theed to sequence activÈties to n)anag¢ the workload Thus we have taken the iiew that we should tackle one of these strategic objectives at a tirne. In addition to these lar8e prO]ts we undertake a nwnber of 5rnall t&sk5 to maintsin and irnprove existing amenities and we deliver a social progratllme of four to five ¢vents eacb yeax. It is also important that we nmllage our fwanccs in order to dwit suTDs each yeax tOW8rds large capital expenditure, in particularto match fimding for a community hub. The tLthiDe iticome allows us a lirnited time to build thi5 resource. Page I
OAKENSHAW COMMUN A&SOCIATION CIO REPORT OF THE TRUSTEES FOR THE ThAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORWICE The ONP and village survey have provided a Stregy. ailns 8Dd jectiVeS for delivering the three k¢y proje¢ts described above. Specific achievelllellts and EKrfortDance on these projects this year is as foll¢)ws'. l. Improving the DCC agreed to pay £25,(MKJ in a project to refillbtsb the play area. They requested £25.[K nukbed fimds for this work to be completed. Work is due to commence during the sunmierof 2024. 2. The community Hub Plans for the hub have been reSed by the architects following feedback from residents. The building will be 5rnaller and parking relocate(L The busine&s case previously submitted to tbe DCC &ssets trdnsfer team requir¢s updating and atnendment according to feedback frorn DCC. tn the new financia] yw (2024 to 2025) we wish to ensure we have Djmunity SUPEK)rt for the proposal of a hub ond its Ication and submii the revised plan DCC. 3. Cornmutiity Led Homes The committee is conunitted to follow a fair and tranwt pro¢css Igenerating ide&s frotn the community, SearC1 preparation of a proposal and coll)ulty endorsement) in the c4>ndllct of these large projects. In acrdanCe with this we wrote a successful grant application {£16.060.1)O from AAP and £l(K)O from CAN) in (ktober 2021 to cover the cost of an independent housing needs swvey and arthatS pbase I desk top and ph&se 2 ground surveys for the homes. The housing needs sulvey was caTried out ill January 2022 and a reFX)rt re£eived in Febnjary 2022. This identified a clear need for level ac£ess housing. It a]so showed a small majority of the village were in favout of tbe prtsjt with a Significant numberunde¢ided. The iernaiillg bjllds were ullspent while six Sites wer¢ investigated for their suitability. In the summer of 2022 a site was identified for building six level access homes. A desk top suryey and iowgtaphic survey were colljpleted in autumn 2022. Two rep)rts for a fl¢J)d risk assessment and dtainage strategy were received ill January 2023. The phase 2 suryeys were llot completed a5 dr] worK not funded by the granL needed tt) b¢ Caled out as the selected site was on top of bistoric shallow mines. We requested that the funds for phase 2 should be reall(tated to enable us to prepare a specific prow)sa] for the housing on the site selected to put to a village refereDduTn. We aIed to apply for fillther fill)ds to complete the phase 2 and drilling woth to take the project to planning application stage once a village referendujn was complde A proposal Ivaflet including a sumJw of the swvey& the concept desi8ll aud visual illustiations of the deyelopmellt were produced ¢on¢luding the wt fijnded prOjt in the previous flnancial year. A village referendum was conducted by independent researchers in ApnE 2023 aDd a resll]t declared ¢)n April 14th It considered important to cornmission an independent company to carry out a referendum to avoid accusations of bias. Funds were all(Kated for this in this fmancial year. The Yillage rejected the proposal. Thi5 project be£n parked for the foreseeable fvtL]re as we are unable to find an altetnative location. Other aCtitieS In addition to these key projects a 11 Soci pmgramme was delive& Ten wttks of spotts Coaching on the Multiple Use Games Area vas match funded {£S(K> each) by CIw"Lty4U a ItKal charity tbat 5UPPOrts swrts activities. Only nine weeks wete delivered due to inclelnent weather. however some 5wrts equipment w&s purchased with the unspent nds. There was a well supported eoronatlOD Ilay event where. for the fjrst time a Lllarquee was hired . We received £100 frtsm DCC towards the cost of this event. Other events were an Easter even( Halloween celebration, and a remembrance event in November. These are all outdoor activities whtch ate key io tnaiutaiDiDg social cohesion and reducing social isolation and so are iegarded a5 a key cotnponent of the OCA'S work for community benefJL They also provide an opportunity for com1Ce tnernbers to be visible and engage with the communiry. We have Continued to work with the County Council. Three Towns Area Actioll PartDership and Greater Willington TowTr) Council to undertake itnprovements in the area for public benefil. Oakenshaw C4)mrnunity Association owi the ¢ompany Sustainable Oakenshaw SPV LtiL - registered office Finchale House, Belmont Business Park, Durham, DHI ITW, registered number 08274813 (England and Wales). whi¢h receives the income from the owner of the wind turbine. The Directors of that ¢ompany make decisions alt the annual amouut of donations to tbe chatity. Page 2
OAKENSHAW COMMuf41TY ASSOCIATIof4 CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINIINCIAL REVIEW tn this fjnancial year we ended witb £22.637 in the Barclays Cutrent t&¢oiiDt and £ 99,339 in the Cambridge at Countie5 sayings accounL A payment of £28.51M) was receiv from the con]rnullity benefit wind turbine aDd paid into the Barclay5 account in July. £20.(KK> of were trdnsferred ill April 2023 to top up the high interest saNings account (Cambridge and Collnlies BaDk),' tbi5 fimd is to be used for pItal projects such as the hub. The interest rates paid by Cambridge and Counties is genero, howevcr. &$ part of due dilig¢rKe we will take advice regarding FSCS compensation which only cover fiaS up to £85,000. We continued to fLLnthaise at socia] ¢vents and throu8b ODlille fiJnthaisiDg vehi¢le5 Slth &s Easyfundraising and Smile. These funds are generally allocated to cover the cost of the S{la1 progrdtDEDe. Siatories for both accounts have been changed in April 2024 following the r¢5igDation of the previous treasurer. Th¢ changes to the B3wlay5 account bas yet to be cot)fim)ed by the baD STRUCTURE, GOVERNAF4CE AIW MANAGEMENT Governillg document The Const]tiOn of Oakenshaw Community Aswiation is b&sed OD the m(thl prothvd by the Charity Commission for a Chatitable Encorporated OrgaDiSation. The first Tntee$ were apsM)inted by the ttusiees of the previou5 Oakenshaw Corntnunity Association and were appointed for th"fferent pen(KJs of time. Following a period of some changes, a new chair and tnjstees were appoiuted iti 2019 and have been all(Kated roles in communicAting the work of the OCA. projects and offices. Training h&5 been given by Dutha]n Community AdioD to supwrt some of them in their new roles. . When twstees finish their trmi of office, new trsleeS are appointed for a peri of three y5 by tbe existing Inte¢s. We recnjiied three Dew ¢OTDmittee mernbets this year and th¢ tnistee who had rest)ed rejoined the COTllTnittee in January 2024. We aurently have 6 tn]stees. We continue to try 10 recruit new conlllltttee tnernbers but it is a ¢hallenge to fmd people willing to undertake committee WO whi]5t at the Same time nmintain diversity to ensure representation and relevallce to all residents. REFEREF4CE AP4D ADTrlIf4lSTRATIVE DETAllS Registered CtLarity number 1162773 Principal #ddress 7 Park View Oakenshaw Crook Durham DL150ST Trustees D Corbett Dr S S Corbett L C Crosby (resigtsed 111112023) L Hopper R Ttt T Sharp K Taylor (appointed 291112024) Independellt Exanjlntr David Holloway FCA tKhA Ribchesiers Accountants and Busille&s Advisors Fsnchale House Belmont Busine Pad( Durham DHI ITW Page 3
OAKENSHAW coL¥lfu A&SOCIATION CIO REPORT OF THE TRUSTEES FOR THE ITARENDED 31 MARCH 2024 REFERENCE AND ADiINISTRAT[vE DETAIts The Dame of the ctwity is O¥keDsbaw Colljmuuity ASlatiOn and is often referred to os OC Th¢ registered charity number is 1162773. The nllin addreu is 7 PaTkView. OakeDshaw, Cr Co. DL15 OST. Th¢ ¢barity h&s no ¢mployees a{ none of the tnjstees rettive any u[lation fortheir services. Appioved by order of the Ix)ard of trtee5 on 3 s¢ptemr 2024 and sign1 on its beIlf by: Dr S S Corbett- Tntsiee Page4
INDEPENDENT EXAMITrIER'S REPORT TO THE TRUSTEES OF OAkNSHAw COMhqUNITY ASSOCIATION CIO Independent examlner's rert to the trustees of OakeDshaw Community Association CIO I report to the charity tn]stees on my examination of the aCcOts of Oakenshaw Community Ass(Kiation CIO (the Tnt) for the year ended 31 Mareh 2024. Responsibilities and basis of report A5 the cbatity trustees of the Tr51 you are rqx)Dsibl¢ for th¢ preparation of the aUllts in accordance with the requirements of th¢ Charitie5 Act 2011 (*be Act). I report in r¢sCt of my exatDiDation of th¢ Truses acCOts carried out undet Section 145 of the Act and in Carrying out my examination I have followed all applicable Directions Yell by the Chatity co1&11 under Section 145(5Mb) of tbe Act. Independent examiner's statement I have corllpleted llhy exaTniDation. I confirni that no material matters have come to my attention in connection with tbe examination giving me cause to believe that it] any MaLa1 JEspt.. accounting record5 were not kept in respect of the TTUSt os requirgj by Section 130 of the ACL or the accounts do noi accord with those tecords: 01 the accounts do not COp]Y with the applicable requirements conc£rning the fLinn and Content of accounts set out in the Chariti¢s {Ac¢ounts and Rewrts) Regu13ri¢)ns 2W8 other than aJ)y tequirement that tbe accounts ve a tNe and fair view which is not a matter ¢oL%idered &% part of au independent examinatiorL I have no concerns and have come across no other matters in coM)tIon with tbe examinatioll tts wkn"¢h attention should be drawn in this rew>rt in order to enable a proper uTlllerthdiDg of the accounts to be reach David Holloway FCA DCL4 RMT Ribchesters Accountants and Business Advisors Finchale House Belmont Business Park Durham DHI ITW 3 SePtebe[ 2024
OAKENSHAW COMMUNrrY ASs(lATIorI CIO STATEMENT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Total fimds Utuestricted Restrictgj fid5 Notes INCOME AND ENDOMThqENfs FROM Donations and legacies 17 29.IXNJ 29.017 29,645 Otber trading activities Inyestrnent iucome 124 3.982 124 3,982 381 1,544 Totsl 4,123 29.( 33,123 31,570 EXPENDITURE ON Raising fund 6.925 505 7.430 3,125 Charitable aetivities Oakenshaw wmmllnity developtnent 1278 25.) 27,178 13.765 Tot21 8203 26.405 34.608 16.890 LYET INCOMEIIEXPENDITURE) Transfers behveen funds (4,080) 15 2.595 (2,500) (1.485) 14.680 10 Net movemeDt in (1,580) 95 (1,485) 14,680 RECONCILL4TIOY& OF FUP4DS Total funds brought f¢)rward 6,586 116,618 123204 108.524 TOTAL FUNDS CARRIED FORWARD 116,713 121.719 123.204 The notes forrn part of these financial staternents Page 6
OAKENSHAW COMMUNITY A&SOCIATION CIO BALANCE SHEET 31 MARCH 2024 2024 Totsl fijnds 2023 Total fiu](ts UDftstricted Restricted Notrs FIXED ASSETS Tangible assets 264 264 CURRENT ASSETS Debtors Cash at bank alld iti ttslld 149 5,373 149 122.086 116,713 123,864 5.522 116.713 122235 123,864 CREDITORS Amounts falling due within one year (780) (780) (660) LYET CURRENT ASSETS 4,742 116,713 121.455 123.204 TOTAL ASSETS LESS CURRENT LIABtLITIES 116,713 121.719 123.204 NET ASSETS 116.713 121,719 123204 io Unrestricted fimds Restricted fimds 5.006 116,713 6,586 116.618 TOTAL FUNDS 121,719 123.204 The financial ststements were approved by the Board of Trustees and authorised for issu¢ on 3 Septernber 2024 gnd were signed on it5 behalf by.. S S Corbett- Trustee The notes fomi part of these financial Stsmen Page 7
OAKENSHAW cOmTrfUf ASSOCIATIOL¥ CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EfU)ED JI MARCH 2024 ACCOUNTING POLICIES Basis of preparlng the fillancl#l rtatsments The financial Statements of the cbarity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo chatities preparing theit accouuts in accordallce with the Finjncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019),, Finallcial Reporting Standard 102 Tr FinaDciaJ ReFX>rting Standard applicable in the UK and Republic of Ireland, and the Chariti49 Act 2011. Tr finala1 statements have been prepared under the historic cost convention. In¢om¢ All income is recogt)ised in the Statement of FiDaDcial Activities once the clwity IMS entitlernellt tts tbe fun(Ls, it is probable that the iDCOtne wÈll be received and the amount can be rne&sured reliably. Grants Grallts of a revenue nature are credited to income in th¢ period io wbith th¢y Telate. Expenditure Liabilities are recognised as expenditu¥e as soon as there is a legal or consttuctive obligation committing the charity to ihat expenth"ture. it ts probable tlkt a tnllsfei of ecouornic benefits will be required in settlernent and the amount of the obligation call be rneasured reliably. Expenditure 15 accounted for on an accrua]s basis and has been classified under headings that aggregate cost related to the category. Where costs cannot be dinctly attributed to particular headings they bave beell allocad to activiti&S OD a basis Collststent with the use of Tangible rued assets Depreciation is provided at the followiD8 aDnual in order to write off each &1 over its estimated useful life. Plant and machinery cOpUter equiprnent 25/D On Cost 33/0 Oll Cost Tgx#tion The chatity is exempt frottt t&x on its tharitable activitie5. Fund accounting Unrestricted fLLllds can 8¢d in accordance witb the clwitable objectiv&s at the discretion of the trnstees. Restricted fid$ can only be used for particulax restricted purw)ses within the objects of tbe clwity. Resttictions arise when specified by the donororwhell fullds are raised for particularrestricted pu5¢5. Further explanation of ihe nature andpwse of each fwid is xllclutsj in the notes to the fjnaneial ststements. DONATIONS AND LEGACIES 2024 2023 Donations Grants 17 29,000 45 29.6(K) 29,017 29,645 Page 8 continued...
OAKENSHAW COMMuf¥TrY ASSOCIATION CIO NOTES TO THE FIf4ANCIAL STATEMENTS- CODtinued FOR THE YLiR ENDED 31 MARCH 2024 DONATIONS AND LEGACILS- CODtinued Grants [c]ve(L included in the abov4 atE &% follows.. 2024 2023 Durharn County Council Sustainable Oakenshaw SPV Lilljited Cbarity4U l(K) 29.000 5(X) 28,51K) 29,IKM) 29.600 2024 2023 Fundraising events 124 381 INVESTMENf INCOME 2024 2023 Deposit account interest 3,982 1.544 TRUSTEES, REMUNERATION AND BENEFITS There were no tn]ste¢s' remunerdtion or other benefits for the Y ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expellses There were no tswtees, expenses paid for the year ended 31 Mah 2024 nor for the year ended 31 March 2023. coAlLTIVEs FOR THE STATEMENT OF FINANCIAL AcrtVITIES Unrestricted fi¢ts Restricted fijnds Total fidS INCOTrIE AND EF*DoWrS FROM Dottations and legacies 45 29,600 29.645 Other trading activities Investtnent income 381 381 1,544 Total 1,970 29,6(K) 31,570 EXPENDITURE ON Raising fvnd5 3.025 l(NJ 3.125 Ch#ritable #ttiiltles Oakenshaw comtnunity developrnffllt 1,445 12.320 13.765 Total 4,470 12,420 16.890 NET INCOIMEJ(EXPENDITURE) (2,5(Kl) 17,180 14,680 Page 9 continued...
oATrN5HAw commu ASs(lATION CIO NOTES TO THE FINANCIAL STATEMEpifs- contiDued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FANAf4CIAL ACTIVITIES- contitiued Unrestricted Restricted fi(L$ funds Total fiuids RECONCILIATIOLY OF FUNDS Total fimds brought foTward 9,086 99,438 108.524 TOTAL Fuf4DS CARRIED FORWARD 6,586 116.618 123204 TANGIBLE FLXED ASSETS Plant and Computer equipment Tota]s COST At l April 2023 Adth"tions 3.512 3.512 279 279 At 31 March 2024 3,512 279 3,791 DEPRECL4TION At I April 2023 Charge for year 3,512 3.512 15 15 At 31 Morch 2024 3,512 15 3,527 NET BOOK VALUE At 3 1 March 2024 264 264 At 31 March 2023 DEBTORS: Ai¥iouKfs FALIJNG DUE IVITHtN ONE YEAR 2024 2023 Prepaytnents 149 Page 10 ¢ontinued...
OAKENSHAW COMMUNITY ASSOCIATIOL¥ CIO NOTES TO THE FINANCIAL STATEMEfm- continved FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YLiR 2024 2023 Other credilOIS 780 660 io. MOVEMENT IN FUNDS Net movement in futtds between fiLlld5 At 31.3.24 At 1.4.23 Ullrestricted ndS General fimd 6,586 (4,080) 2.500 5,006 Restricted thnd$ Wind Turbine Capital Fund Charity4U Sports Ses5iODS 116.118 (2,5(X)) 116,218 495 (5) 116,618 2,595 (2,5(M)) I 16,713 TOTAL Fuf4DS 1232 (1,485) 121,719 Net movement in fi]nds, included in the aix)ve are as follows: Incoming Resources Movement in fun(L8 Unrestri¢ted funds General fimd 4,123 (8203) (4,080) Restricted lunds Wind Turbine Capital Fund Charity4U Swrts Sessions DuTham County Council Corollaiion Costs 28.5(K) (25.9(K)) (405) (100) 2.6(M) 15) 29,0(M) (26,405) 2,595 TOTAL FUNDS 33,123 {34,608) (1,485) Pagell continued...
OAKENSHAW COMMuf4rrY ASSOCIATION CIO NOTES TO THE FANANCLIL STATEMETrtrs- continued FOR THE YEAR ENDED 31 MARCH 2024 io. MOVEL%NT Ir4 FufiDS. CODtinu CompArAtives for Djovernent ID fun Net movernent in funds At 31.3.23 At 1.4.22 Unrestricted fuDd5 General 9,086 (2,500) 6,586 Restricted funds Wind Turbine Capital Fund Charity4U Sports Sessioos Independent housing needs 87.118 29,(X)O 51)0 (12,320) l16,118 500 12,320 99,438 17.180 116,618 TOTAL FUNDS 108.524 14,680 123,204 Compantive net movement in fimds. included in the above arc follows.. Incoming Resourc resoutces expended Movement in funds Unrestricted fuDd5 Genera] .970 (4,470) (2,500} Restricted fvnds Wind Turbine Capital Fund Clwity4U Sports SessiotLq Independent housing needs DUrtTh County Council Jubilee Costs 29.(K>O 5(X) 29,000 500 (12.320) (12.320) (loo) 29,6(M) {12.420) 17,180 TOTAL FUNDS 31.570 (16,890) 14,680 A cuttent year 12 months and prior year 12 months combined EK)sitiOD is as follows". Net ovemeni iu funds Transfer5 between fldS At 31.3.24 At 1.4.22 Unrestricted funds General fut 9,086 (6.580) 2.500 5,006 Restricted fund$ Wind Turbine Capital Fund Charity4U Sports Se5SiOllS Independent housing needs 87,118 31.6 495 (12,320) (2,500) 116,218 495 12.320 99,438 19.775 (2.500) 116,713 TOTAL FUNDS 108.524 13,195 121.719 Page 12 continued...
OAKENSIIAW COMMUNITY AslATIoN CIO NOTES TO THE FINANCIAL SrATEMEfs- Continued FOR THE YEAR EI¥DED 31 MARCH 2024 io. MOVEMENT IN FUTr4DS- con¢iDued A current year 12 months and prior y¢ar 12 months cornbincd net [nove[tnI in fill, included in the above gxe follow5.. Incoming Resources resources expended Movement in fidS Ullrestricted ndS General fijnd 6.093 (12.673) (6.580) Restricted fulldi Wind Twbine Capitsl Fllnd CkRTity4U SEK)tts Sessions Independent housing needs Durham County Council Jubile¢ Costs Dutham County Council Corthjation Costs 57,5(K> (25.900) 1405) (12.320) 11001 {1)) 31.600 495 (12,320) 58,6(Xl (38,8251 19.775 TOTAL FUNDS 64,693 (51,498} 13.195 Sustainable Oakensbaw SPV provided wind tiubine in¢om¢ of £28,5(K) for the Wind Tulbine Capita] Fulld in the year, £25,IMM) w&% spent as DRtched rllDd to colltiibute io tbe refiwbishment of the play area in the village grounds and £900 was spent on the installation of a bencFL £2,500 w&5 trallSfed frotn this fid to tbe general fulld during the year. At 31 Match 2024 £116218 remains unspenL DLuxng 2022 £17.060 was provided to spent on an tndynd¢nt housing needs survey and groulld 5urYeys for the hornes. At the 31 March 2023 the full atnount has now been spenL During 2023 £5 was provided by Charity4U towards the cost for the deliv¢rdn¢e of 5W>rtS sessions. A further £400 was provided in 2024 for tbe deiiverdllce of sports seksions. At 31 Match 2024 £495 remains spent. REkniTED PARTY DISCLOSURES There were no related party ttaTIsactioJ for the year eDded 31 March 2024. Pag¢ 13