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← Jericho Community Association

2024-12-31-accounts

JERICHO COMMUNITY ASSOCIATION CIO

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Charity Registration Number: 1168203

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JERICHO COMMUNITY ASSOCIATION CIO

TRUSTEES’ ANNUAL REPORT AND FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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

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JERICHO COMMUNITY ASSOCIATION CIO

CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEE COMMITTEE MEMBERS

Charlotte Christie (Chairman) Zoe Guy Peter Stalker (Treasurer) Phyllis Starkey Scott Ellis George Taylor John Crabtree Joelle Mann Michael Barnes Michael Barnes Alex Towler Jack Nicholson

SECRETARY

Jack Nicholson

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

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JERICHO COMMUNITY ASSOCIATION CIO

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Chairman’s report

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 posters in the Centre windows ,the two community notice boards and occasional leaflets.

We have 358 members, an increase of 70 on last year. Anyone can join the association, either as full members for Jericho residents, or as an associate member if they live elsewhere and can do so at any time online or by contacting the community centre.

Achievements and performance

Our AGM in 2024 heard an interesting talk by Prof Josephine Quinn who gave us a lively and stimulating talk based around her recent book ‘How the World Made The West’ .

Also at our AGM, we said formal farewell to Sue Pead who was the Community Centre administrator for 21 years. As the only permanent member of staff Sue had to deal with a wide range of issues such as leaking pipes and heating failure as well as dealing with all those who used the Centre for any type of activity. Everyone who used the Centre will be familiar with Sue’s cheery smile and her willingness to try and help. We record our grateful thanks to her for her years of service. Sue was born and bred in Jericho so she will not be moving away and we look forward to keeping contact with her on a voluntary basis.

In September we welcomed a new Administrator, Peter Hart, and he has settled quickly into the routines of the Centre.

Our main task remains the operation and maintenance of the Jericho Community Centre. As an old building this involves us in a lot of discussion about day-to-day maintenance.

The Centre enables a wide mix of activities which Peter will report on later, most of these pay to use the rooms, which enables us to cross-subsidize other groups such as Alive and Kicking for older people which can use the Centre free of charge.

We also support Greening Jericho, a local group that has done so much to make our area not just greener but also healthier and more attractive. In addition, we maintain the Jericho bouledrome which is regularly used and remarkably has lost very few boules. Particular thanks to Michael Barnes who organized the boules court and continues to help maintain it.

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

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JERICHO COMMUNITY ASSOCIATION CIO

surgery and the community police visit the café to give local people an opportunity to raise questions and concerns.

Our main community event is the Annual Street Fair in June. The JCA subsidises the cost of hiring a stall for residents to make it affordable for local people to be involved. We raise part of the money to do this with a raffle and local businesses generously gave prizes and we thank them for that. We also receive small grants for the city council and in this way although we do not make a profit we can cover our costs of putting on a community event. The Bookbinders also support with live music and Michel’s signature crepes selling well all day.

This year together with the Church, The Bookbinders and the school PTA repeated the successful model of combining our annual community events into a full weekend of ‘Jericho Fest’. The Street Fair took place on the Saturday and on Sunday Run Jericho in the morning and the Church’s St Barnabas service in the afternoon.

We were pleased to be able to participate again in the Night Shelter scheme co-ordinated by Oxford Churches through St Barnabas. From January to March every Friday night the Centre opened to offer a place to sleep for those with nowhere to go. We are grateful to the team of volunteers who came from well beyond Jericho to supervise the scheme.

We continued to support the Jericho Pantry by offering the space free of charge for the regular Tuesday session. The purpose is to use up food that would otherwise be thrown away. We are grateful to the team of volunteers who have made this such a success and particularly Dr Saman Jamshidifard who launched the whole project and continues to be actively involved and expanding the offer by for example supporting members of the community by making and serving curry.

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. Regrettably since the planning permission was granted in 2022 there has been no further progress on this scheme.

Health & Safety report

There were no major health & safety issues. The age of the building continues to raise issues of maintenance.

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 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

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JERICHO COMMUNITY ASSOCIATION CIO

April 2025

Treasurer’s Report

After a deficit in 2022, and breaking even in 2023, in 2024 we made a surplus in 2024 of £5,267 – a result of lower costs and higher income. Staffing costs were reducing by further computerizing our room booking system. This also helped to boost our one-off room hire income.

The Norham Gardens Lawn Tennis Club uses public courts to offer residents of Jericho and neighbouring areas a low-cost sports facility. This year we helped the club’s efforts to build new clubhouse by managing the funds raised. Although this substantially increased our turnover it did not affect our profit and loss as we collected and then disbursed £44,907. It should be noted that trustees Peter Stalker and Michael Barnes are also committee members of the club.

For some years, we have carried on our balance sheet a loan of £4,000 to the Jericho Wharf Trust. As the development has been long delayed there is no prospect of the loan being repaid. Moreover, the JCA is a member of the Trust and we would in any case wish to further support the Trust as part of the continuing effort to achieve a new community centre. We have therefore decided to write off the loan.

Peter Stalker Treasurer April 2025

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JERICHO COMMUNITY ASSOCIATION CIO

STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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:

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 2024, 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:

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:

have not been met or

Name: Sheila Parry

Relevant professional qualification or body: FCCA

Address: Peace House 19 Paradise Street Oxford OX1 1LD

Date:

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JERICHO COMMUNITY ASSOCIATION CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Income and endowments
from:
Note
Donations
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
£
126
52,641
3,874
56,641
5,662
45,423
51,085
5,556
107
5,663
58,519
64,182		 2024
Restricted
funds
£
-
44,907
-
44,907
-
45,196
45,196
- 289
- 107
- 396
975
579		 Total
funds
£
126
97,548
3,874
101,548
5,662
90,619
96,281
5,267
-
5,267
59,494
64,761		 Unrestricted
funds
£
-
50,266
4,921
55,187
5,213
51,214
56,427
- 1,240
56
- 1,184
59,703
58,519		 2023
Restricted
funds
£
-
2,101
1,000
3,101
1,044
1,528
2,572
530
- 56
474
501
975		 Total
funds
£
-
52,368
5,921
58,289
6,257
52,742
58,999
- 710
-
- 710
60,204
59,494

All recognised gains and losses are included in the Statement of Financial Activities.

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JERICHO COMMUNITY ASSOCIATION CIO

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
£ £ £ £
Notes
FIXED ASSETS
Tangible Assets 7 1,114 1,114 1,917 1,917
CURRENT ASSETS
Debtors 8
3,140		 3,140 3,140 8,104 8,104
Cash at bank and in hand 62 62,580 580 51,932 932
65,720 65,720 65,720 60,036 60,036
CREDITORS:Amounts falling due
within one year		 9
2,073		 2,073 2,073 2,459 2,459
NET CURRENT ASSETS 63,647 63,647 57,577 57,577
NET ASSETS 64,761 64,761 59,494 59,494
~~_~~
INCOME FUNDS
General funds 14 47,202 47,202 41,539 41,539
Designated funds 14 16,980 16,980 16,980 16,980
Restricted funds 14 579 579 975 975
TOTAL FUNDS 64,761
~~_~~		 64,761 59,494 59,494

These accounts were approved by the board of trustees on 14/05/25 and signed on their behalf by:-

George Taylor Trustee

Peter Stalker Trustee

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 2019 (SORP 2019), ‘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.

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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.

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2. INCOME FROM CHARITABLE ACTIVITIES

2024
Unrestricted
funds
Restricted
funds
£
£
Rentals and room hire
54,641
-
Grants
-
44,907
54,641
44,907
3. INCOME FROM OTHER TRADING ACTIVITIES
2024
Unrestricted
funds
Restricted
funds
£
£
Café income
1,043
-
Street fair
2,631
-
Other income
200
-
3,874
-
4. EXPENDITURE ON RAISING FUNDS
2024
Unrestricted
funds
Restricted
funds
£
£
Café purchases
903
-
Café wages
2,519
-
Street fair purchases
2,240
-
5,662
-		 Total
funds
£
54,641
44,907
97,548
Total
funds
£
1,043
2,631
200
3,874
Total
funds
£
903
2,519
2,240
5,662		 Unrestricted
funds
£
48,516
1,750
50,266
Unrestricted
funds
£
1,903
1,795
1,223
4,921
Unrestricted
funds
£
980
2,507
1,726
5,213		 2023
Restricted
funds
£
-
2,102
2,102
2023
Restricted
funds
£
-
1,000
-
1,000
2023
Restricted
funds
£
-
1,044
1,044		 Total
funds
£
48,516
3,852
52,368
Total
funds
£
1,903
2,795
1,223
5,921
Total
funds
£
980
2,507
2,770
6,257

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
funds
£
Wages
7,428
Rent and rates
8,095
Utilities
8,097
Housekeeping
5,920
Insurance
1,066
Repairs and maintenance
7,409
Telecoms
2,710
Grant expenditure
-
Donations given
-
Sundries
2,007
Depreciation
803
Governance costs
1,888
45,423
6. GOVERNANCE COSTS
Unrestricted
funds
£
Accountancy fees
1,648
Independent examination
240
1,888		 2024
Restricted
funds
£
-
-
-
-
-
322
-
44,874
-
-
-
-
45,196
2024
Restricted
funds
£
-
-
-		 Total
funds
£
7,428
8,095
8,097
5,920
1,066
7,731
2,710
44,874
-
2,007
803
1,888
90,619
Total
funds
£
1,648
240
1,888		 Unrestricted
funds
£
12,311
8,089
11,664
5,118
1,017
7,364
1,086
-
680
1,184
803
1,898
51,214
Unrestricted
funds
£
1,698
200
1,898		 2023
Restricted
funds
£
-
-
-
-
-
-
-
1,528
-
-
-
1,528
2023
Restricted
funds
£
-
-		 Total
funds
£
12,311
8,089
11,664
5,118
1,017
7,364
1,086
1,528
680
1,184
803
1,898
52,742
Total
funds
£
1,698
200
- 1,898

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7. TANGIBLE ASSETS

Costs
At 1 Jan 2024
Additions
Disposals
At 31 December 2024
Accumulated depreciation
At 1 Jan 2024
Charge for year
Disposals
At 31 December 2024
Net book value
At 1 Jan 2024
At 31 December 2024		 Office
equipment
£
3,842
-
-
3,842
3,842
-
-
3,842
-
-		 Leasehold
improvements
£
30,563
-
-
30,563
28,646
803
-
29,449
1,917
1,114		 Total
£
34,405
-
-
34,405
32,488
803
-
33,291
1,917
1,114

The net book value represents fixed assets used for direct charitable purposes.

8. DEBTORS

Trade debtors
Bad debt provision
Prepayments and accrued income
Loan to JWT		 2024
£
673
- 500
2,967
-
3,140		 2023
£
4,032
- 2,000
2,072
4,000
8,104

9. CREDITORS: amounts falling due within one year

Accruals and deferred income
Other creditors		 2024
£
1,875
198
2,073		 2023
£
2,170
289
2,459

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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		 2024
£
240
1,648
1,888		 2023
£
200
1,698
1,898

12. STAFF COSTS AND EMPLOYEE BENEFITS

12. STAFF COSTS AND EMPLOYEE BENEFITS
Wages and salaries
Employer's pension contributions
Employer's National Insurance		 2024
£
9,686
261
-
9,947		 2023
£
14,232
586
-
14,818

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.

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JERICHO COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14. MOVEMENTS IN FUNDS

Unrestricted funds:
General funds
Designated funds:
Establishment of new
community centre
Restricted funds:
Alive & Kicking
Norham
Building repairs
Green Jericho
Jericho Pantry		 As at 1
Jan 2024
£
41,539
16,980
100
-
-
775
100
59,494		 Income
£
56,641
-
150
44,328
322
-
107
101,548		 Expenditure
£
- 51,085
-
- 160
- 44,227
- 322
- 387
- 100
- 96,281		 Funding
capital
expenditure
£
-
-
-
-
-
-
-
-		 Transfers
£
107
-
-
-
-
-
- 107
-		 As at 31
December
2024
£
47,202
16,980
90
101
-
388
-
64,761

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:

£388 was held for Greening Jericho to pay for ongoing expenses for plants and equipment. £107 of the Jericho Pantry has been put towards utility costs, and has therefore been transferred to unrestricted funds.

£101 was held for Norham

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
£
£
1,114
-
45,021
16,980
3,140
-
- 2,073
-
47,202
16,980		 Restricted
funds
£
-
579
-
-
579		 Total
£
1,114
62,580
3,140
- 2,073
64,761

16. POST BALANCE SHEET EVENTS

There have been no significant post balance sheet events.

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