# **WEST OXFORD COMMUNITY ASSOCIATION CHARITABLE INCORPORATED ORGANISATION**
## **TRUSTEES’ ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **Charity Registration Number: 1171599**
## **TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**|**PAGES**|
|---|---|
|Charity Information|3|
|Report of the Trustees|4|
|Statement of Trustees’ Responsibilities|10|
|Independent Examiner’s Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Notes to the Accounts|14|
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023**
## **TRUSTEES**
R Huxley Chairperson J McMahon Treasurer L Siddle Vice Chair L Bird M Bourne S Jamshidifard R Kilbee H Reid S Saunders J Whitaker K Wright-Lynes
## **SECRETARY**
S Tibbles
## **REGISTERED OFFICE**
West Oxford Community Centre Botley Road Oxford OX2 0BT
## **CHARITY REFERENCE NUMBER**
1171599
## **ACCOUNTANTS**
SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD
## **SOLICITORS**
Blake Morgan Seacourt Tower West Way Oxford OX2 0FB
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2023.
## **CHARITABLE OBJECTS**
The objects of the CIO are to:
- (a) promote the benefit of the inhabitants of West Oxford (hereafter called the “area of benefit”) without distinction of sex, sexual orientation, race or political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
- (b) to establish, or secure the establishment of, a Community Centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
- (c) promote such other charitable purposes as may from time to time be determined.
The CIO shall be non-party in politics and non-sectarian in religion.
## **LEGAL STATUS**
The governing instruments by which the charity operates are stated in its Constitution.
## **TRUSTEES**
See page 2 for the trustees who held office during the year.
Trustees are elected annually at the AGM under the Constitution.
The existing trustees may make appointments of new trustees but all members of the management committee shall retire from office together at the conclusion of the next Annual General Meeting after the date on which they came into office but they may be re-elected or re-appointed.
Councillors S Pressel remains a member of the committee by virtue of appointment by the local ‘Area Committee’ of Oxford City Council. Councillor L Muddiman remains a member of the committee by the statutory authority for the purposes of the charity’s constitution.
## **REGULARLY PAID STAFF**
WOCA is very grateful to the staff team of Centre Manager Sarah Morgan, Caretaker James Kelly, Office Assistant Erin Theobald, and Weekend Assistant Barbara Pavlov. Also, to Sue Gunn who joined WOCA in 2023 as a weekend caretaker to replace Abdul Rahman who moved to a zero hours contract. We thank them all for their continued commitment and effort for WOCA.
Sarah Morgan joined as Centre Manager in Dec 22, on initially a temporary basis but was appointed as a permanent employee in March 2023. During her first year, Sarah used her experience as a former trustee and the support of the team to learn the necessary financial controls, administration routines, room booking systems etc. During this time, she also focused on getting to know regular groups, relationship building with partners and local residents. The centre has benefitted from some decluttering and the removal of redundant
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## **WEST OXFORD COMMUNITY ASSOCIATION CIO**
equipment. As we approached the last quarter of the year, Sarah started to turn her focus to more projectbased work, and fundraising, both of which are clear goals for 2024.
## **VOLUNTEERS**
## **Management Committee**
We continued to hold full management meetings every 2 months, to discuss standing agenda items and matters arising.
## **Volunteers**
Our volunteer numbers increased slightly, and we are grateful to the many volunteers who are involved in bringing the community together for our WOCA Fun Day, community suppers, and Oxford City Larder, plus those who deliver the WOCA Newsletter. We wish to thank Karen Starr for co-ordinating and managing the WOCA Fun Day.
## **LEGAL AND ADMINSTATION INFORMATION**
Further legal and administration information is provided on page 3 of this report.
## **ORGANISATIONAL STRUCTURE**
The charity is run by a management Committee which is responsible for organising all aspects of the daily running of the charity. The management Committee may delegate specific responsibilities or tasks to sub committees.
During the year, sub committees continued to handle discussions on finance, premises, events, staffing & employment and fundraising, room hire subsidies.
## **PROCEDURES AND POLICIES FOR GRANT-MAKING**
The committee invites applications for small grants in line with its charitable objectives through WOCA’s website. Applications received are considered against WOCA’s charitable objectives in the light of WOCA’s financial situation by the management Committee at its regular meetings which are open to the public.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Beneficiaries**
The number of WOCA beneficiaries is estimated as being, in the first instance, the 3,000 residents of West Oxford. The centre is open to all and is used by non-local organisations.
## **COMMUNITY CENTRE ACTIVITIES**
## **Room Bookings**
The centre manager worked closely with regular and long-standing groups to ensure that the centre remains an affordable, suitable location for their activities, using our own regular communications (WOCA weekly and Newsletter) to promote their activities.
An important aspect of what WOCA provides is support for a large and diverse number of 12-step and other peer-support groups meet at the centre, ranging from AA to a group providing exercise for older people.
It was necessary to provide additional support of certain groups who had lost numbers due to the extended closure of the Botley Road, A34 roadworks etc affecting people's ability to get to the Centre.
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## **WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **Little Health Hub**
Rebecca Avern, continued to establish the Little Health Hub, focussing on affordable therapy for women and children/young people. This remains an excellent fit with WOCA’s aims and has an increasing number of practitioners and clients.
## **Tumbling Bay Café**
Tom and Vladimira continued to work incredibly hard and are an integral part of the centre and local community, providing an important part of WOCA’s income.
## **GRANTS AND SPONSORSHIP**
We received support from Oxfordshire County Council, Oxfordshire Community Foundation, Asda Foundation alongside donations from towards Fun Day from Oxford City Council.
## **COMMUNITY ENGAGEMENT AND EVENTS/FUNDRAISING**
## **Events**
We were pleased to host an Artweeks exhibition by WOCArts artists, the WOCA Fun Day, AGM and Community Supper, Christmas craft market and Jazz brunches.
## **Newsletter**
The Trustees note their appreciation of Erin Theobald whose production and distribution of the “WOCA Weekly” email bulletins to WOCA members, has become the established way for WOCA to share not just events happening in the centre, but also local and important news updates. She also produced 2 editions of WOCA newsletter, of which more were printed for distribution to businesses / residents beyond the rail tunnel to help with the Botley Road effect.
## **Oxford City Larder**
Since starting up in January 2022, Oxford City larder has gone from strength to strength, with over 200 members and their families benefiting from saving money on their foods bills and reducing food waste. The wrap around services that members also enjoy include free refreshments, children’s play table, clothing / toy swaps, trusted advisors signposting other services to those who may need additional support. Surplus curry was added to the list of services by the team of volunteers which can be eaten at St Frideswide's Church on a Friday evening. We are grateful to the many volunteers who week in week out, receive, set up and run the larder operation and make such a difference.
## **Warm Space**
In response to the Cost-of-Living Crisis, WOCA maintained its commitment to the Warm Spaces initiative by providing access to all on Fridays as part of the larder space and provision.
## **Other Networks**
WOCA worked closely with Oxford City Council, with The Chair attending regular Liaison Meetings. We benefited from the support of Locality Coordinator Azul Strong-Corcoran who moved roles at the end of the year.
## **Future Plans**
Trustees aim to maintain a sound financial footing, ensuring necessary reserves. Whilst grant-funding is increasingly difficult to find, it remains easier to get grants for one-off projects, such as building projects or one-off pieces of community development work, than ongoing work. However, for WOCA to continue to operate successfully we need to generate extra funds - as such we are planning a structured approach and to revisit the WOCA Strategy document to ensure we fully understand where such funds will be needed to meet
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## **WEST OXFORD COMMUNITY ASSOCIATION CIO**
our future plans. This may include more sponsorship from local businesses and applications for larger grants from external bodies.
The trustees and Centre Manager continue to encourage new centre users and fill vacant room hire slots. We carefully balance the need for revenue alongside WOCA’s aims to support subsidy requests.
Work will be required to upgrade WOCA's digital services to keep up with and make the most of technology to support and communicate with WOCA members and the local community. Redevelopment of our existing website will form part of this work.
Partnership working remains an essential part of WOCA's operation and we will continue to work with Ruskin College to deliver their community courses, and the centre manager is actively seeking other partners for strengthening links and joint funding opportunities.
The provision of free wifi is under review by Oxford City Council, so alongside the digital switchover for phonelines, work will be required.
Woca is proud to continue to be a Living Wage employer.
## **WOCA Trustees**
Trustees meet 6 times a year for the full committee. Sub-committees have met as necessary to review subsidies, finance, safeguarding requirements. Thank you for the time given by the trustees.
The following trustees held office during the year:
R Huxley J McMahon L Siddle L Bird M Bourne S Jamshidifard R Kilbee H Reid S Saunders J Whitaker K Wright-Lynes
We always welcome new trustees and would be particularly interested to hear from anyone with experience of grants / fundraising applications – if just for your experience and advice, if not to become a trustee.
## **SPX Bookkeepers**
Thank you to SPX, our accountancy practice, specialising in services for the not-for-profit sector. Sheila Parry and her colleagues work collaboratively with our Centre manager and Treasurer. The trustees thank them for the fantastic support they have given WOCA during the year.
Thank you to Simrit Sandhu, our independent examiner.
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## **WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **FINANCIAL REVIEW**
In 2023, despite the extended closure of the road under the railway, centre usage grew slightly, but costs escalated due to general inflation. Increased room rates had been set in late 2022 in anticipation of this, new higher rates were also set at the end of 2023 and it is anticipated further increases will be required at the end of 2024. Thus far the increases appear to have increased revenue without reducing actual usage of the centre.
Matters had been complicated, in early 2022, when energy prices were increasing, by delay on the part of our energy brokers in rolling over contracts. In 2023, the trustees, through Mr Bourne's good offices, took the brokers to court and satisfaction was, in early 2024, obtained.
1. Total Income for WOCA (2023 - £117,832, 2022 - £107,049) increased in money terms but, evidently, the increase can be attributed to increase in rates rather than in usage.
2. Our deficit (defined as the difference between our total income and our total expenditure) was £12,055 (2022 – deficit of £10,822)
3. Trading income (Tumbling Bay Cafe and Health Hub) improved from £24,837 in 2022 to £25,121 in 2023.
4. Grant income increased in 2023 £6,370 as against £5,612 in 2022. We are grateful for this support.
For 2024 our objectives are -
- (As before) to emerge from the year with the resources to continue to operate for our charitable purpose, and
- To get operations on to at least a break-even basis
- Trustees and the treasurer, Jim McMahon, will be keeping a close eye on income and expenditure as there is no certainty.
The Treasurer would like to record his appreciation of all the staff for their hard work at the centre.
## **RESERVES POLICY**
The charity’s policy on un-restricted reserves is to maintain equivalent cash balances:
- To cover three months budgeted recurring expenditure (£32,826 for 2024) and;
- To cover planned capital expenditure for the up-coming year (estimated at £6,000 for 2024)
The level of reserves is monitored and reviewed by the trustees on a quarterly basis. Total unrestricted equivalent cash balances stood as £74,773 at 31 December 2023. This is more than the three months’ budgeted recurring expenditure and planned capital expenditure required.
## **TRUSTEE INDUCTION AND TRAINING**
New trustees are briefed on their legal obligations and responsibilities under charity law. They are also encouraged to familiarise themselves with the charity’s constitution. As part of the induction process, new trustees will meet key employees and other trustees.
## **RISK MANAGEMENT**
The trustees are responsible for undertaking an annual risk assessment of the organisation and its activities, this was conducted in October 2023. From this the strategic plan is updated.
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **INVESTMENT POWERS AND POLICY**
The trustees’ investment powers are laid down in the Constitution and restrictions contained therein. These powers are also subject to conditions imposed by law.
## **TRANSACTIONS WITH TRUSTEES**
There were no transactions with trustees over the period.
Approved by:
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
The Charities Act 2011 requires the trustees to prepare financial statements giving a true and fair view of the state of affairs of the Charity and its net resources for the year. 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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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **TO THE TRUSTEES OF WEST OXFORD COMMUNITY ASSOCIATION CIO**
I report on the accounts of the Charity for the year ended 31 December 2023, which are set out in pages 11 - 19.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of s144(2) of the Charities Act 2011 (the 2011 Act) do not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under s145 of the 2011 Act, whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S REPORT**
An examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of 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, I do not express an audit opinion on the accounts.
SPX Oxford Ltd provide bookkeeping services to WOCA CIO. However, I have no involvement in this, and as independent examiner I have applied the FRC’s Revised Ethical Standard throughout this examination.
## **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 s130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to 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.
Simrit Sandhu FCCA
SPX Oxford Ltd
Date: …27 June 2024……..........………….
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Income and endowments from:**
Note
Donations
4
Charitable activities
5
Other trading activities
6
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
7
**Total**
**Net income / expenditure**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
funds
£
2,219
76,846
25,121
1,370
121
**105,677**
116,574
**116,574**
**- 10,897**
- 1,113
**- 12,010**
129,051
**117,041**|2023
Restricted
funds
£
-
3,355
-
-
-
**3,355**
4,513
**4,513**
**- 1,158**
1,113
**- 45**
836
**791**|Total
funds
£
2,219
80,201
25,121
1,370
121
**109,032**
121,087
**121,087**
**- 12,055**
**-**
**- 12,055**
129,887
**117,832**|Unrestricted
funds
£
386
78,254
24,837
287
340
**104,104**
116,404
**116,404**
**- 12,300**
1,137
**- 11,163**
140,214
**129,051**|2022
Restricted
funds
£
50
2,895
-
-
-
**2,945**
1,465
**1,465**
**1,480**
- 1,137
**343**
493
**836**|Total
funds
£
436
81,149
24,837
287
340|
|---|---|---|---|---|---|---|
|||||||**107,049**|
|||||||117,869|
|||||||**117,869**|
|||||||**- 10,820**
**-**|
|||||||**- 10,820**
140,707|
|||||||**129,887**|
All recognised gains and losses are included in the Statement of Financial Activities. The notes on pages 14 to 19 form part of these financial statements.
12
**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in
hand
**CREDITORS:**Amounts
falling due within one
year
11
**NET CURRENT ASSETS**
**NET ASSETS**
**INCOME FUNDS**
General funds
14
Restricted funds
14
**TOTAL FUNDS**|**2023**
**£**
**£**
40,999
11,135
74,773
85,908
9,075
76,833
117,832
117,041
791
117,832|**2022**
**£**
**£**
52,331
13,617
77,016
90,633
13,077
77,556
129,887
129,051
836
129,887|**2022**
**£**
**£**
52,331
13,617
77,016
90,633
13,077
77,556
129,887
129,051
836
129,887|
|---|---|---|---|
||||129,887|
||||129,051
836|
||||129,887|
13
**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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.
## **Accounting period**
These accounts cover the year ended 31 December 2023.
## **Income**
Income represents income receivable from room hire, rental income, membership subscriptions, 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 yearend are noted as a commitment, but not accrued as expenditure.
Resources are expended in the furtherance of the charity’s objectives.
## **Depreciation**
Depreciation has been 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 has been provided in the year of acquisition. Equipment – straight line basis at 10% per annum. Computer equipment and licences – straight line at 33.33% per annum.
Items included in fixed assets are capitalised where there is an identifiable asset and / or when the purchase cost exceeds £500 for general equipment and £250 for computer equipment.
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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.
**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.
## **2. TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **3. STAFF COSTS**
|Wages and salaries
Employer Pension Contributions|2023
£
53,319
1,918
**55,237**|2022
£
51,240
1,716|
|---|---|---|
|||**52,956**|
The average monthly number of employees during the year was 5 (2022: 5).
No employees received employee benefits of more than £60,000.
## **4. DONATIONS**
|Other donations|Unrestricted
funds
£
2,219
**2,219**|2023
Restricted
funds
£
-
**-**|Total funds
£
2,219
**2,219**|Unrestricted
funds
£
386
**386**|2022
Restricted
funds
£
50
**50**|Total funds
£
436|
|---|---|---|---|---|---|---|
|||||||**436**|
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|Room hire
Membership subscriptions
Grants
Events
Sponsorship|Unrestricted
funds
£
69,526
1,279
4,370
161
1,510
**76,846**|2023
Restricted
funds
£
-
-
2,000
1,235
120
**3,355**|Total funds
£
69,526
1,279
6,370
1,396
1,630
**80,201**|Unrestricted
funds
£
70,759
2,079
2,667
2,790
- 41
**78,254**|2022
Restricted
funds
£
-
-
2,895
-
-
**2,895**|Total funds
£
70,759
2,079
5,562
2,790
- 41|
|---|---|---|---|---|---|---|
|||||||**81,149**|
## **6. INCOME FROM OTHER TRADING ACTIVITIES**
|Café income
Health hub rent
Other income|Unrestricted
funds
£
9,539
12,000
3,582
**25,121**|2023
Restricted
funds
£
-
-
-
**-**|Total funds
£
9,539
12,000
3,582
**25,121**|Unrestricted
funds
£
10,015
11,520
3,302
**24,837**|2022
Restricted
funds
£
-
-
-
**-**|Total funds
£
10,015
11,520
3,302
**24,837**|
|---|---|---|---|---|---|---|
## **7. EXPENDITURE ON CHARITABLE ACTIVITIES**
|Wages
Premises expenditure
Supplies and services
Events expenditures
Depreciation
Movement in bad debt provision
Governance costs|Unrestricted
funds
£
55,237
24,389
21,554
51
13,131
378
1,834
**116,574**|2023
Restricted
funds
£
-
-
43
4,470
-
-
-
**4,513**|Total funds
£
55,237
24,389
21,597
4,521
13,131
378
1,834
**121,087**|Unrestricted
funds
£
52,957
23,279
23,822
697
13,131
851
1,667
**116,404**|2022
Restricted
funds
£
-
-
271
1,194
-
-
-
**1,465**|Total funds
£
52,957
23,279
24,093
1,891
13,131
851
1,667|
|---|---|---|---|---|---|---|
|||||||**117,869**|
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8. GOVERNANCE COSTS**
|Accountancy fees
Minute taking
Independent examination
**. TANGIBLE ASSETS**
Costs
At 1 January 2023
Additions
Disposals
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for year
Disposals
At 31 December 2023
Net book value
At 1 January 2023
At 31 December 2023|2023
Unrestricted
funds
Restricted
funds
Total funds
Unrestricted
funds
£
£
£
£
1,000
-
1,000
1,000
414
-
414
247
420
-
420
420
**1,834**
**-**
**1,834**
**1,667**
Computer
and Office
Equipment
Other
Equipment
Leasehold
Improvements
£
£
£
1,502
111,792
60,468
-
1,799
-
-
-
-
1,502
113,591
60,468
1,502
92,362
27,567
-
7,084
6,047
-
-
-
1,502
99,446
33,614
-
19,430
32,901
-
14,145
26,854|2022
Restricted
funds
£
-
-
-
**-**
Total
£
173,762
1,799
-
175,561
121,431
13,131
-
134,562
52,331
40,999|Total funds
£
1,000
247
420|
|---|---|---|---|
||||**1,667**|
|||||
## **9. TANGIBLE ASSETS**
The net book value represents fixed assets used for direct charitable purposes.
17
**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **10. DEBTORS**
|**0. DEBTORS**|||
|---|---|---|
|Trade debtors
Other debtors
Prepayments and accrued income
Less provision for bad debts|2023
£
12,448
-
368
12,816
- 1,681
11,135|2022
£
14,536
-
385|
|||14,921
- 1,304|
|||13,617|
**11. CREDITORS:** amounts falling due within one year
|Trade creditors
Accruals and deferred income
Other creditors|2023
£
3,648
2,613
2,814
9,075|2022
£
9,667
420
2,990|
|---|---|---|
|||13,077|
## **12. INSURANCE COVER**
The policy adequately provides cover for the buildings and other assets of the charity. Cover is also held for employer’s and public liability.
## **13. GRANTS**
The following grants were received during the year:
|SOFEA - Larder fund
Asda Foundation - to support Oxford City Larder
Oxfordshire Community Foundation - towards heating
Oxfordshire County Council - CPF unrestricted grant
Oxford City Council - small business Covid grants
Oxford City Council - Household Support Grant
Oxford City Council - Fun Day donation from Lois and Susanna
Fun Day donation|2023
£
500
500
800
3,570
-
-
1,000
-
6,370|2022
£
-
-
-
-
2,667
2,000
895
50|
|---|---|---|
|||5,612|
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**WEST OXFORD COMMUNITY ASSOCIATION CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14. MOVEMENTS IN FUNDS**
|**4. MOVEMENTS IN FUNDS**|||||||
|---|---|---|---|---|---|---|
|Unrestricted funds:
General funds
Restricted funds:
Community Art Project
Fun Day
Household support grant|As at 1
January
2023
£
129,051
300
-
536
129,887|Income
£
105,677
-
2,355
1,000
109,032|Expenditure
£
- 116,574
-
- 4,471
- 42
- 121,087|Funding
capital
expenditure
£
1,003
-
-
- 1,003
-|Transfers
£
- 2,116
-
2,116
-
-|As at 31
December
2023
£
117,041
300
-
491|
|||||||117,832|
## **Purpose of restricted funds:**
**SOFEA Larder fund:** to support the running costs of the Oxford City Larder **Asda Foundation:** to support the running costs of the Oxford City Larder **Oxfordshire Community Foundation:** to be spent on heating costs
## **15. RELATED PARTY AND TRUSTEE**
No trustees received any remuneration or received any other benefits from an employment with the charity.
There were no related party transactions.
## **16. KEY MANAGEMENT PERSONNEL**
The charity considers the key management personnel to be the trustees and the Centre Manager. The total amount of employee benefits received by trustees and key management personnel was £20,213 (2022: £20,497).
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