## **JERICHO COMMUNITY ASSOCIATION CIO**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
**Charity Registration Number: 1168203**
1
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **TRUSTEES’ ANNUAL REPORT AND FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**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 2022**
## **TRUSTEE COMMITTEE MEMBERS**
Charlotte Christie (Chairman) Peter Stalker (Treasurer) Scott Ellis Hannah Hirst-Dunton (resigned 1.12.22) 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 2022**
## **Chairman’s report**
At the beginning of the year we were still dealing with the impact of the restrictions placed on us by Covid. The committee continued to meet by zoom until the summer as members felt more comfortable meeting virtually. However, by July we were able to hold our AGM in person and were grateful again for Exeter College to give us use of the Fitzhugh auditorium.
The JCA has 346 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.
We would like to record our thanks to Hannah Hirst Dutton who has maintained the membership list and kept those members who requested it in touch with events and news relating to Jericho. She has moved away, and we wish her well for the future.
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.
## _**Achievements and performance**_
We continued to support the Greening Jericho group in their activities for planting and tending the green spaces in Jericho.
We continue to support the community cafe on a Saturday morning which is now much busier such that at times, Shim has needed extra support from community volunteers
We supported a seated exercise class for older people and ‘Alive & Kicking ‘ and re-establishing a life drawing class on Saturday mornings.
We participated in the OxClean project again and we continue to have volunteers on the first Saturday of the month participating in Litter Picking. This is the same day our councillors have their surgery and the community police visit the café to give local people an opportunity to raise questions and concerns.
We took the decision together with the Church and the Bookbinders to move the Street Fair from it’s traditional ‘St Barnabas’ Day’ slot (11[th] June) to the previous weekend so we could tie it in with the Royal Jubilee. A section of Canal Street was kept free of stalls and tables were put out so people could hold their own ‘Street Party’.
Due to changes in their working practice the usual provider was not able to provide the usual stalls. So it was necessary to source the stalls from a provider in Birmingham. these were nearly 50% more expensive but we felt it was worth the extra cost to ensure that the Street Fair retained its ‘community‘ character. The JCA kept the hire of the stalls at the same rates and once again subsidised the cost of hiring a half stall for residents and charities which provides an interesting range of items for sale and maintains the community aspect of the event. 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.
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## **JERICHO COMMUNITY ASSOCIATION CIO**
We discussed trying to join the ‘warm space‘ scheme when it became clear that energy costs were impacting significantly on people’s ability to warm their homes . Unfortunately we do not have the resources to offer this. We do not have the staff or volunteers to provide the necessary supervision. However we were pleased to be able to agree to participate again in offering the Night Shelter scheme and the Jericho Pantry both of which started from early 2023 but the preparation work was done in the autumn.
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.
We joined with the JWT to object to the planning application submitted early in the year. In particular we reflected our members concerns that all affordable housing had been removed from the previous proposal by the same developer which had gained planning permission 3 years before. There is no other unbuilt space in Jericho where new affordable housing could be built so if it was not included it was that last opportunity to try and protect the social diversity of our community. We were pleased when the city councillors planning committee unanimously rejected the application mainly on these grounds. Unfortunately the developer appealed against this decision and the appeal was upheld later in the year. We are therefore now back in the position where the developer has planning permission for the site but has not yet proactively addressed the issues which need to be dealt with before development can begin.
## **Health & Safety report**
There were no major health & safety issues. The age of the building still continues to raise issues of maintenance.
We were grateful to Lucy’s who have provided some practical support. The major part of this was making a large walk-in cupboard watertight and renovating it so it can be used for the storage without risk of deterioration by damp. They also did some external painting on the windows which suffered from the very hot summer sun.
## **Future Plans**
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 continuing to work within the Jericho Wharf Trust for the development of the Canalside site and a new Community Centre.
_Charlotte Christie Chairman JCA 24[th] April 2023_
## **Treasurer’s Report**
2022 was another difficult year, representing the third and hopefully final year of the pandemic impacts, with the beginning of the energy crisis. This was reflected in our accounts as a loss of £7,584.
From the second quarter of the year our classes in the community centre started to return as indicated in a steep rise in our room hire income which was only around £2,000 short of the last full pre-pandemic year of 2019. So although we had a similar total income to the previous, the composition was very different and less
5
## **JERICHO COMMUNITY ASSOCIATION CIO**
reliant on government grants. For the expenditure we were in third and the final year of depreciating the investment in refurbishment that we carried out when the building was closed. Unless we make some other investments this item will be zero next year.
However, the unknown factor is the increase in utilities charges, notably electricity and gas. For gas, when it looked like prices were starting to rise we entered into a fixed rate contract so avoided the spike in the final quarter of 2022. Electricity was a different matter, and in 2022we were charged double the normal amount. In response, we have switched all our providers for electricity, gas and water. We have renewed all our thermostats to discourage people changing the settings.
_Peter Stalker Treasurer April 24[th] 2023_
6
## **JERICHO COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
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.
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## **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 2022, 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: 3 July 2023
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**JERICHO COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Income and endowments**
**from:**
Note
Charitable activities
2
Other trading activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total**
**Net income / expenditure**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
funds
£
47,225
5,475
**52,700**
5,764
55,211
**60,975**
**- 8,275**
-
**- 8,275**
67,978
**59,703**|2022
Restricted
funds
£
3,020
-
**3,020**
1,750
487
**2,237**
**783**
-
**783**
- 282
**501**|Total
funds
£
50,245
5,475
**55,720**
7,514
55,698
**63,212**
**- 7,492**
-
**- 7,492**
67,696
**60,204**|Unrestricted
funds
£
47,701
1,405
**49,106**
3,637
52,156
**55,793**
**- 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**|
All recognised gains and losses are included in the Statement of Financial Activities.
9
JERICHO COhlMUNITY ASSOCIATION CIO
8ALANCE SHEET
FOR THE YEAR E14DE0 31 DECEMBER 2022
T•niltsle •asets
7A)49
CURRENT ASSETS
Debtors
Cash at bank •nd In h•nd
9.112
53.619
.731
S.961
S6,707
CREIXT015: ArrK>unts tslllry d
ihin one year
2.527
2.021
60204
60.647
IIET ASSf75
60204
67,696
IPKOhff FUNDS
General fynd5
oe5iin•t•d funds
Restrirted lund5
n2
16.9
S02
16.9
-282
TOTAL FUIIDS
67.6%
These accounts TA*re apprOd by board of trustees on
nd signed on thelr behalf
Georye Taylor
Trustee
Peter Sta
Trustee
io
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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 2022**
**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 2022**
## **2. INCOME FROM CHARITABLE ACTIVITIES**
|2022
Unrestricted
funds
Restricted
funds
£
£
Rentals and room hire
46,275
-
Grants
950
3,020
**47,225**
**3,020**
**3. INCOME FROM OTHER TRADING ACTIVITIES**
2022
Unrestricted
funds
Restricted
funds
£
£
Café income
2,865
-
Street fair
2,610
-
**5,475**
**-**
**4. EXPENDITURE ON RAISING FUNDS**
2022
Unrestricted
funds
Restricted
funds
£
£
Café purchases
1,696
-
Café wages
3,048
-
Street fair purchases
1,020
1,750
**5,764**
**1,750**|Total funds
£
46,275
3,970
**50,245**
Total funds
£
2,865
2,610
**5,475**
Total funds
£
1,696
3,048
2,770
**7,514**|2021
Total
funds
£
28,727
26,450|
|---|---|---|
|||**55,177**|
|||2021
Total
funds
£
598
807|
|||**1,405**|
|||2021
Total
funds
£
532
1,676
1,884|
|||**4,092**|
13
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
|**5. EXPENDITURE ON CHARITABLE ACTIVITIES**
2022
Unrestricted
funds
Restricted
funds
£
£
Wages
11,091
-
Rent and rates
8,000
-
Utilities
13,567
-
Housekeeping
4,342
-
Insurance
1,176
-
Repairs and maintenance
6,576
-
Telecoms
1,210
-
Grant expenditure
119
487
Sundries
340
-
Depreciation
7,049
-
Governance costs
1,741
-
**55,211**
**487**
6. **GOVERNANCE COSTS**
2022
Unrestricted
funds
Restricted
funds
£
£
Accountancy fees
1,413
-
Independent examination
204
-
Consultancy fees
-
-
Other governance costs
124
-
**1,741**
**-**|Total funds
£
11,091
8,000
13,567
4,342
1,176
6,576
1,210
606
340
7,049
1,741
**55,698**
Total funds
£
1,413
204
-
124
**1,741**|2021
Total
funds
£
12,366
8,000
5,835
4,332
1,101
5,183
1,349
8,790
461
8,271
5,124
**60,812**|
|---|---|---|
|||2021
Total
funds
£
1,690
156
3,213
65
**5,124**|
14
**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## 7. **TANGIBLE ASSETS**
|Costs
At 1 Jan 2022
Additions
Disposals
At 31 December 2022
Accumulated depreciation
At 1 Jan 2022
Charge for year
Disposals
At 31 December 2022
Net book value
At 1 Jan 2022
At 31 December 2022|Office
equipment
£
3,842
-
-
3,842
3,696
146
3,842
146
-|Leasehold
improvements
£
27,843
-
-
27,843
20,940
6,903
27,843
6,903
-|Total
£
31,685
-
-|
|---|---|---|---|
||||31,685|
||||24,636
7,049
-|
||||31,685|
||||7,049|
||||-|
The net book value represents fixed assets used for direct charitable purposes.
## **8. DEBTORS**
|**8. DEBTORS**|||
|---|---|---|
|Trade debtors
Prepayments and accrued income
Loan to JWT|2022
£
2,888
2,224
4,000
9,112|2021
£
987
974
4,000|
|||5,961|
## **9. CREDITORS:** amounts falling due within one year
|Accruals and deferred income
Other creditors|2022
£
2,234
293
2,527|2021
£
1,724
297|
|---|---|---|
|||2,021|
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**JERICHO COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. 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.
## **11. INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICE FEES**
|Independent Examiner's fees
Other financial services|2022
£
204
1,413
1,617|2021
£
156
1,690|
|---|---|---|
|||1,846|
## **12. STAFF COSTS AND EMPLOYEE BENEFITS**
|**12. STAFF COSTS AND EMPLOYEE BENEFITS**|||
|---|---|---|
|Wages and salaries
Employer's pension contributions
Employer's National Insurance|2022
£
13,611
528
-
14,139|2021
£
13,513
528
-|
|||14,041|
Average head count: 2
No employees received employee benefits of more than £60,000.
## **13. 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 2022**
## **14. MOVEMENTS IN FUNDS**
|Unrestricted funds:
General funds
Designated funds:
Establishment of new
community centre
Restricted funds:
Boules Court
Street Fair
Greening Jericho|As at 1
Jan 2022
£
50,998
16,980
- 500
-
218
67,696|Income
£
52,700
-
500
1,750
770
55,720|Expenditure
£
- 60,975
-
-
- 1,750
- 487
- 63,212|Funding
capital
expenditure
£
-
-
-
-
-
-|Transfers
£
-
-
-
-
-
-|As at 31
December
2022
£
42,723
16,980
-
-
501|
|---|---|---|---|---|---|---|
|||||||60,204|
## **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:**
£501 were held for Greening Jericho to pay for ongoing expenses for plants and equipment.
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Cash at bank and in hand
Debtors
Current liabilities|Unrestricted funds
General
funds
Designated
funds
£
£
-
-
36,138
16,980
9,112
-
- 2,527
-
42,723
16,980|Restricted
funds
£
-
501
-
-
501|Total
£
-
53,619
9,112
- 2,527|
|---|---|---|---|
||||60,204|
## **16. POST BALANCE SHEET EVENTS**
There have been no significant post balance sheet events.
17