## **JERICHO COMMUNITY ASSOCIATION CIO**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**Charity Registration Number: 1168203**
1
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **TRUSTEES’ ANNUAL REPORT AND FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**CONTENTS**|**PAGES**|
|---|---|
|Charity Information|3|
|Trustees’ Annual Report|4|
|Statement of Trustees’ responsibilities|7|
|Independent Examiner’s Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the accounts|11|
2
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021**
## **TRUSTEE COMMITTEE MEMBERS**
Charlotte Christie (Chairman) Jenny Mann (Secretary) Peter Stalker (Treasurer) Scott Ellis Hannah Hirst-Dunton Hoonie Feltham (Resigned 30/7/21) John Crabtree
Zoe Guy Phyllis Starkey George Taylor Joelle Mann Michael Barnes
## **SECRETARY**
Jenny Mann
## **REGISTERED OFFICE**
Jericho Community Centre 33a Canal Street Oxford OX2 6BQ
## **CHARITY REFERENCE NUMBER**
1168203
## **ACCOUNTANTS**
SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD
## **SOLICITORS**
Knights Solicitors Midland House West Way Botley Oxford OX2 0PH
## **CONSULTANTS FOR NEW CENTRE ESTABLISHMENT**
Stuart Larkin & Associates Limited Bullingdon House 174B Cowley Road Oxford OX4 1UE
3
**JERICHO COMMUNITY ASSOCIATION CIO**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Chairman’s report 2021**
Overall, this year was once again dominated by the restrictions placed on us by Covid. There was less use of the Centre partly due to legal requirements which meant periods of closure and then requirements to maintain social distancing when opening was allowed. Understandably people were cautious about returning to classes and the café when risk of infection was still high. The committee continued to hold its meetings by video conferencing (Zoom). The AGM for 2019 also had to be held virtually which was a disappointment, but our Constitution allows for this in exceptional circumstances.
We were sorry to say goodbye to our secretary Jenny Mann from Victor Street who has moved to Cornwall. Jenny gave many years’ service to the JCA and was always willing to go beyond her secretary role to help out in all sorts of ways from delivering leaflets to mopping the Centre floor late at night when there was a leak. She resigned in December, and we sent her on her way with one of Valerie Petts pictures of Jericho as a souvenir and record of our thanks.
The main channels of communication are regular mailings to members on information and events and the Association’s community website ‘Jericho Online’ at www.jerichocentre.org.uk which is updated regularly with information relating to the Community Centre and news about Jericho. Key meetings and activities are also notified by leaflet distributions and posters in the Centre windows and the two community notice boards.
The JCA We have 270 members. Anyone can join the association, either as full members for Jericho residents, or as an associated member if they live elsewhere and can do so at any time online or by contacting the community centre.
## **Achievements and performance**
This year was affected by the continuing Covid pandemic. The Centre remained closed until May 2021 with the two permanent staff on furlough. Without the government schemes we would not have been able to cover those expenses.
We continued to support the Greening Jericho group in their plans for the development of Mount Place. We were pleased that the Oxford Preservation Society gave them an award in November 2021.
The JCA joined with The Bookbinders pub and the City Council to fund the construction of the Boules pitch. This was developed at a time when social gatherings were restricted and many people were still wary of meeting with others. The game requires no particular skill and enables players to keep socially distanced. There is no charge and Boules can be borrowed from the pub. It created an opportunity for anyone who was missing opportunities to visit friends and family to meet with others within restrictions and at minimal risk of infection. We hope that into the future it will still provide that opportunity for enjoyable community engagement in the open air.
The traditional June Street Fair had to be cancelled as we could not guarantee social distancing. However we did run it on the August Bank Holiday when it was a pleasant way to mark the opening up of our social activities again. The Fair will return to its usual June slot next year. The JCA once again subsidised the cost of hiring a half stall for residents and charities which provides an interesting range of items for sale. We did not run our usual raffle as we felt it was not appropriate to ask local businesses for prizes when they had suffered
4
## **JERICHO COMMUNITY ASSOCIATION CIO**
such a difficult business year. We do not seek to make a profit through the Fair but to cover costs as this is our main community event of the year.
The closure of Walton Street continued to provide some lively local debate on the future traffic arrangement for Jericho. JCA participated in discussions with local groups and the council. However the committee felt that as there was no clear consensus amongst our members it was not appropriate for us to take a position the outcome, so we maintain a neutral position on this situation.
The JCA continues to work alongside the Jericho Wharf Trust (JWT) to pursue the development of the Jericho Canalside site which will incorporate a new Community Centre. The committee continues to play an active part in the debate and champion the Community’s need for a sustainable new Community Centre.
In June 2021 this included an extensive Community Centre Needs Assessment. In addition to a demographic and facilities analysis, there was also a survey of residents. Volunteers delivered around 2,500 leaflets requesting completion of an online survey in Jericho, Walton Manor, Rewley Park, and Oxford Waterside. More than 500 people participated in the consultation. This assessment indicates that if anything the demand for better facilities in this part of Oxford has increased substantially. Since 2001 the number of dwellings has increased by 30 per cent but there have been no additional community facilities.
While we have reached a measure of agreement on the need for a new Community Centre, we continue to express our concern at the proposal to remove the social housing element completely from the new plan.
## **Health & Safety report**
While Covid restrictions were still in place the Centre complied with them by providing hand sanitiser in the public rooms and regulating the times of bookings to ensure safe access without overcrowding the shared areas. We took the opportunity to do some further maintenance work inside the building.
## **Future Plans**
Now Covid restrictions have been lifted we anticipate all the usual activities will continue. We will continue to apply our strategy of facilitating the widest possible use of the building and receiving steady income from long lets of rooms within the building.
A priority remains to continuing to work within the Jericho Wharf Trust for the development of the Canalside site and a new Community Centre.
_Charlotte Christie Chairman JCA June 2022_
## **Treasurer’s Report**
2021 was another difficult year for everyone at the community centre. During lockdowns, we lost half of our regular income. We able to use the furlough scheme to pay 80 per cent of the wages of our two staff members, while we covered the rest. To support our tenants, who rent offices at the community centre we offered rent-free periods
We also received government business support grants, which helped towards overheads. In addition there was a grant from the City Council to pay for the needs assessment for the community centre that had been requested by the planning department
5
## **JERICHO COMMUNITY ASSOCIATION CIO**
During the lockdowns, we also took the opportunity to refurbish parts of the building which involve capital expenditure in 2020 of around £15,000 to be spread over the subsequent three years. Added to other repairs the total repair cost allocated to 2021 was £12,568 which contributed to a loss of £8,321 which is covered from our general reserves.
_Peter Stalker Treasurer June 2022_
6
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity and which enable them to ascertain both the financial position of the charity and ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
7
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF JECRICHO COMMUNITY ASSOCIATION**
I report on the accounts of the Trust for the period ended 31 December 2021, which are set out on pages 9 to 17.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Charities Act
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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.
Name: Sheila Parry
Relevant professional qualification or body: FCCA
Address: Peace House 19 Paradise Street Oxford OX1 1LD
Date:
8
**JERICHO COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Income and endowments**
**from:**
Note
Donations
2
Charitable activities
3
Other trading activities
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total**
**Net income / expenditure**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
funds
£
-
47,701
1,405
**49,106**
3,637
52,156
**55,794**
**- 6,687**
- 897
**- 7,584**
75,562
**67,978**|**2021**
Restricted
funds
£
-
7,476
-
**7,476**
455
8,655
**9,110**
**- 1,634**
897
**- 737**
455
**- 282**|Total
funds
£
-
55,177
1,405
**56,582**
4,092
60,811
**64,903**
**- 8,321**
-
**- 8,321**
76,017
**67,696**|Unrestricted
funds
£
1
41,354
485
**41,840**
3,157
43,335
**46,492**
**- 4,652**
- 371
**- 5,023**
80,585
**75,562**|**2020**
Restricted
funds
£
-
1,240
-
**1,240**
285
871
**1,156**
**84**
371
**455**
-
**455**|Total
funds
£
1
42,594
485|
|---|---|---|---|---|---|---|
|||||||**43,080**|
|||||||3,442
44,206|
|||||||**47,648**|
|||||||**- 4,569**
-|
|||||||**- 4,569**
80,585|
|||||||**76,016**|
All recognised gains and losses are included in the Statement of Financial Activities.
9
##
##
||||`2021 `||`2020`|
|---|---|---|---|---|---|
|||£|£|
£|£|
||Notes|||||
|FIXEDASSETS||||||
|TangibleAssets|8||7,049||15,320|
|CURRENTASSETS||||||
|Debtors|9|5,961||7,524||
|Cashatbankandinhand||56,707|
...|55,225||
|||62,668||62,749||
|CREDITORS:Amountsfallingdue
withinoneyear|10|2,021||2,052||
|NETCURRENTASSETS|||60,647||60,697|
|NETASSETS|||67,696||76,017|
|INCOMEFUNDS||||||
|Generalfunds|13||51,075||57,360|
|Designatedfunds|13||16,980||18,202|
|Restrictedfunds|13|||-359|455|
|TOTALFUNDS|||67,696||76,017|
|heseaccountswereapproved|bytheboard|oftrusteesonJune302022andsignedontheir||||
|y:-||||||
|CharlotteChristie||PeterStalker||||
|Trustee||Trustee||||
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. STATEMENT OF ACCOUNTING POLICIES**
## **Accounting convention**
These accounts have been prepared under the historical cost convention, and in accordance with the Statements of Recommended Practice 2015 (SORP 2015), ‘Accounting and Reporting by Charities’, issued by the Charities Commission and the Charities Act 2011, together with applicable standards.
## **Income**
Income represents income receivable from room hire, rental income, fundraising, donations, gifts and interest received.
Donations and legacies are reported in the Statement of Financial Activities if they are received or due in the financial year.
Any income received relating to a forward period has been deferred.
Grants receivable are included in the year in which the offer is conveyed by the charity except in those cases where the offer has conditions, such grants being recognised as income when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are not included in the financial statements.
## **Expenditure**
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for such expenditure, inclusive of any VAT which cannot be recovered.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered that are subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Resources are expended in the furtherance of the charity’s objectives.
## **Depreciation**
Depreciation is provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives. A full year’s depreciation is provided in the year of acquisition.
Office equipment – straight line basis at 25% per annum. Leasehold improvements – straight line basis at 20% per annum.
Items included in fixed assets are capitalised where there is an identifiable asset and / or when the purchase cost exceeds £100.
## **Fund accounting**
Funds held by the charity are either:-
**Unrestricted general funds** – these are funds which can be used in accordance with the charity’s objectives at the discretion of the trustees.
11
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
**Designated funds** – these funds represent monies set aside for specific purposes at the discretion of the trustees rather than the donors.
**Restricted funds** – funds received can only be used for specifically nominated expenditure by the donor and are credited to income in the year in which they are received. Where amounts are not specifically allocated against expenditure in that year the balance is deferred and added to the balance brought forward on the restricted funds and is used in subsequent years in line with the restrictions placed by the donor.
## **Taxation**
The organisation, being a charity, is not liable to taxation on its income.
12
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **2. INCOME FROM DONATIONS**
|Unrestricted
funds
£
Other donations
-
**-**
**3. INCOME FROM CHARITABLE ACTIVITIES**
Unrestricted
funds
£
Rentals and room hire
28,727
Grants
18,974
**47,701**|2021
Restricted
funds
£
-
**-**
2021
Restricted
funds
£
-
7,476
**7,476**|Total
funds
£
-
**-**
Total
funds
£
28,727
26,450
**55,177**|2020
Total
funds
£
1|
|---|---|---|---|
||||**1**|
||||2020
Total
funds
£
24,573
18,021
**42,594**|
## **4. INCOME FROM OTHER TRADING ACTIVITIES**
|Unrestricted
funds
£
Café income
598
Street fair
807
**1,405**
**5. EXPENDITURE ON RAISING FUNDS**
Unrestricted
funds
£
Café purchases
532
Café wages
1,676
Street fair purchases
1,429
**3,637**|2021
Restricted
funds
£
-
-
**-**
2021
Restricted
funds
£
-
-
455
**455**|Total
funds
£
598
807
**1,405**
Total
funds
£
532
1,676
1,884
**4,092**|2020
Total funds
£
530
-45|
|---|---|---|---|
||||**485**|
||||2020
Total
funds
£
207
2,950
285
**3,442**|
13
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
|**6. EXPENDITURE ON CHARITABLE ACTIVITIES**
2021
Unrestricted
funds
Restricted
funds
£
£
Wages
12,366
-
Rent and rates
8,000
-
Utilities
5,835
-
Housekeeping
4,332
-
Insurance
1,101
-
Repairs and maintenance
5,183
-
Telecoms
1,349
-
Grant expenditure
135
8,655
Sundries
461
-
Depreciation
8,271
-
Governance costs (note 7)
5,124
-
**52,156**
**8,655**
7. **GOVERNANCE COSTS**
2021
Unrestricted
funds
Restricted
funds
£
£
Accountancy fees
1,690
-
Independent examination
156
-
Consultancy fees
3,213
-
Other governance costs
65
-
**5,124**
**-**|Total
funds
£
12,366
8,000
5,835
4,332
1,101
4,889
1,349
9,084
460
8,271
5,124
**60,811**
Total
funds
£
1,690
156
3,213
65
**5,124**|2020
Total
funds
£
11,091
8,000
6,103
2,452
1,024
1,839
1,123
871
809
8,281
2,613
**44,206**|
|---|---|---|
|||2020
Total
funds
£
1,850
156
607
-
**2,613**|
14
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## 8. **TANGIBLE ASSETS**
|Costs
At 1 Jan 2021
Additions
Disposals
At 31 December 2021
Accumulated depreciation
At 1 Jan 2021
Charge for year
Disposals
At 31 December 2021
Net book value
At 1 Jan 2021
At 31 December 2021|Office
equipment
£
3,842
-
-
3,842
3,551
145
3,696
291
146|Leasehold
improvements
£
27,843
-
-
27,843
12,814
8,126
20,940
1,048
6,903|Total
£
31,685
-
-|
|---|---|---|---|
||||31,685|
||||16,365
8,271
-|
||||24,636|
||||1,339|
||||7,049|
The net book value represents fixed assets used for direct charitable purposes.
## **9. DEBTORS**
|**9. DEBTORS**|||
|---|---|---|
|Trade debtors
Prepayments and accrued income
Loan to JWT|2021
£
987
974
4,000
5,961|2020
£
915
2,610
4,000|
|||7,524|
## **10. CREDITORS:** amounts falling due within one year
|Accruals and deferred income
Other creditors|2021
£
1,724
297
2,021|2020
£
1,724
328|
|---|---|---|
|||2,052|
15
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. TRUSTEE REMUNERATION, TRUSTEE EXPENSES AND RELATED PARTY TRANSACTIONS**
No members of the management committee received any remuneration during the period. No committee costs were reimbursed to trustees during the period. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the period.
## **12. INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICE FEES**
|Independent Examiner's fees
Other financial services|2021
£
156
1,690
1,846|2020
£
156
1,850|
|---|---|---|
|||2,006|
## **13. STAFF COSTS AND EMPLOYEE BENEFITS**
|**13. STAFF COSTS AND EMPLOYEE BENEFITS**|||
|---|---|---|
|Wages and salaries
Employer's pension
contributions
Employer's National Insurance|2021
£
13,513
528
-
14,041|2020
£
13,513
528
-|
|||14,041|
Average head count: 2
No employees received employee benefits of more than £60,000.
## **14. REMUNERATION AND BENEFITS RECEIVED BY KEY MANAGEMENT PERSONNEL**
The key management personnel of the charity are the voluntary trustees. There are therefore no remuneration or benefits of the key management personnel to disclose.
16
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **15. MOVEMENTS IN FUNDS**
Movements in funds
|Unrestricted funds:
General funds
Designated funds:
Establishment of new
community centre
Depreciation reserve
Restricted funds:
Boules Court
Street Fair Stalls
Needs Survey
Greening Jericho|As at 1
Jan 2021
£
57,360
16,980
1,222
-
455
-
-
76,017|Income
£
49,106
-
-
500
-
6,276
700
56,582|Expenditure
£
- 55,794
-
-
- 1,872
- 455
- 6,301
- 481
- 64,903|Funding
capital
expenditure
£
-
-
-
-
-
-
-
-|Transfers
£
325
-
- 1,222
872
-
25
-|As at 31
December
2021
£
50,543
16,980
-
- 500
-
-
219|
|---|---|---|---|---|---|---|
|||||||67,697|
## **Purpose of designated funds:**
As at the end of the period, funds of £16,980 were held in respect of funds collected and expended in connection with the establishment of a new Community Centre for the charity.
## **Purpose of restricted funds:**
The City Council paid £740 for Street Fair stalls in 2020. The 2020 Street Fair was cancelled by the pandemic and this money was been carried forward to 2021 and has now been spent.
Boules Courts was a fundraising project to establish a Boules Court in Mount Place. This has now been completed and a final £500 to fund the project will be received in 2022. Greening Jericho is for a sign which will be spent in 2022.
The Needs Survey is part of the planning process for the new community centre and was funded by the City Council.
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Cash at bank and in hand
Debtors
Current liabilities|Unrestricted funds
General
funds
Designated
funds
£
£
7,049
-
40,009
16,980
5,961
-
- 2,021
-
50,998
16,980|Restricted
funds
£
-
- 282
-
-
- 282|Total
£
7,049
56,707
5,961
- 2,021|
|---|---|---|---|
||||67,696|
## **17. POST BALANCE SHEET EVENTS**
There have been no significant post balance sheet events.
17