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← West Oxford Community Association

2024-12-31-accounts

WEST OXFORD COMMUNITY ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

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

WEST OXFORD COMMUNITY ASSOCIATION CIO

Charity Registration Number: 1171599

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

CONTENTS PAGES
Charity Information 3
Report of the Trustees 4
Statement of Trustees’ Responsibilities 11
Independent Examiner’s Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Accounts 15

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WEST OXFORD COMMUNITY ASSOCIATION CIO

CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES

R Huxley Chairperson J McMahon Treasurer L Siddle Vice Chair L Bird M Bourne C Bussell J Hart 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 2024

The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2024.

CHARITABLE OBJECTS

The objects of the CIO are to:

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.

EMPLOYEES

WOCA is very grateful to the staff team of Centre Manager Sarah Morgan, Caretaker James Kelly, Office Assistant Erin Theobald, and Weekend Assistants Sue Gunn and Barbara Pavlov for all that they do to support the running of the community centre. During 2024 we said goodbye to Abdul Rahman, one of our long-serving regular weekend caretakers, who had remained available to WOCA for emergency cover - we thank him for his many years of hard work and support.

Woca is proud to continue to be a Living Wage employer. We have continued to invest in our employees through Croner HR and Croner Health & Safety – including access to an Employee Assistance Programme for staff. Together with Croner we have ensured our employment contracts and employee handbook are kept up to date with changing legislation and best practice.

VOLUNTEERS

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WEST OXFORD COMMUNITY ASSOCIATION CIO

Management Committee

We continued to hold full management meetings every 2 months, to discuss standing agenda items and matters arising.

Other Volunteers

Our volunteer numbers remained around the same, and we are grateful to the many volunteers who are involved in bringing the community together for our WOCA Fun Day, community suppers, classic jazz events and of course our weekly Oxford City Larder and Baby & Toddler group.

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, fundraising and 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. No applications were received in 2024. 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 continued to work 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 printed Newsletter) to promote their activities and success stories.

An important aspect of WOCA’s provision is support for a large and diverse number of 12-step and other peer-support groups who meet at the centre, ranging from addiction recovery, mental health support and exercise for older people.

At the start of 2024, the staff team met to understand their roles in supporting WOCA’s objectives, particularly the challenging budget. The subsequent focus and actions resulted in gaining new room hire from regular groups totalling around £6k last year.

We welcomed a few other new groups including Oxford Capoeira Society’s adult class, who were looking to bring more community focus to their activities and who also later introduced a very popular children’s class.

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WEST OXFORD COMMUNITY ASSOCIATION CIO

We entered new partnerships with Citizens Advice Oxford who’s weekly advisory service is very well utilised, and we were also successful in becoming a preferred venue for Oxford County Council’s transport training.

Room hire subsidies

The committee granted free use and room hire subsidies to the value of more than £20k throughout the year. This is an increase on the previous year and includes approximately £8k to host the weekly sessions for Oxford City Larder, Baby & Toddler Group and Citizens Advice.

The Centre Manager worked closely with some new start-ups and existing class tutors to support them trying new classes here and trustees approved appropriate subsidies to encourage this and allow the class sizes to build. E.g. our established yoga teacher was able to try some short courses for children /restorative yoga class with our support, and our flexible approach to room hire subsidies gave 2 other tutors the confidence to run other classes here for the first time, knowing the room hire rate was affordable irrespective of how many students enrolled.

We thank the whole team for their continued commitment, flexibility and hard work for WOCA.

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. 2024 though saw Rebecca say goodbye to one of their biggest renters – The Listening Centre, but by the end of the year She had very nearly found enough new practitioners to replace those lost.

The Little Health Hub also said goodbye to some long-standing therapists who were moving abroad or stopping for other reasons, but welcomed some new therapists, whilst others have extended their practices.

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 valuable financial support from Oxfordshire County Council and Oxford City Council towards the running costs of Oxford City Larder and other project costs, plus sponsorship from other local organisations towards Fun Day other event costs.

COMMUNITY ENGAGEMENT AND EVENTS/FUNDRAISING

Events

Fun Day 2024 was a great success and very well attended, we wish to thank Karen Starr for co-ordinating and managing this for WOCA.

We were pleased to again host an Artweeks exhibition by WOCArts artists, our AGM and Community Supper, Christmas craft market and a record number of Classic Jazz events with Nick Gill. We also introduced Captain Fantastic shows at Halloween and Christmas for younger children, developing a partnership to be continued this year.

Member Communications

The “WOCA Weekly” email bulletins to members produced by Erin, has become the established way for WOCA to share not just events happening in the centre, but also local and important news updates. Erin also produced the WOCA newsletter in March, of which more were printed for distribution to businesses /

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WEST OXFORD COMMUNITY ASSOCIATION CIO

residents beyond the rail tunnel to help with the Botley Road effect. We are also grateful to our representatives from each street who kindly ensure each letterbox in the local area receive our newsletter.

One of the key aims for 2024 was to enhance the office equipment and make better use of technology help simplify / speed up some administration systems / membership communications. We applied for £1,700 from Oxford City Council’s Community Impact Fund to support this and received £300, which meant we were able to partially meet our goals, but with the help of Trustee, Saman Jamshidifard we were able to stretch the funding to replace some IT equipment and add a laptop / tablet. This enabled Erin to reorganise / create and add much more content to our website throughout the year and start to utilise the membership management features.

Woca members can now set up annual direct debits and we can create ticketed events on our own website. Our goal for 2025 is to keep adding to this and develop further member communications through this channel.

Trustees wish to extend their appreciation to Erin for her continued focus on the member communications and website enhancements.

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 and trusted advisors signposting other services to those who may need additional support. Surplus curry is produced 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 of special note, James Kelly, our caretaker for his essential role in maintaining the larder room , moving stacks of full and empty crates for return and being here to receive and move the deliveries every week and so much more.

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 monthly community centre Liaison Meetings. We were introduced to the new Locality Coordinator Dee Gabbidon, who has since supported Oxford City Larder with donations from the Household Support Fund.

Future Plans

2025 marks the 25th birthday of the community centre building – as such we will mark the occasion later this year with an event for the community. We have received funding from The City Council CIL Fund towards the cost of refurbishing the Main Hall floor, which we hope to complete in August. In 2024 WOCA hosted 13 different events which offered lower price / free entry for WOCA members and we plan to do more of the same this year.

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. For WOCA to continue to operate successfully we need to maintain our focus on maximising room hire to generate the funds required so the trustees and Centre Manager continue to encourage new centre users and fill vacant room hire slots. We carefully balance the need for optimum revenue alongside WOCA’s aims to support subsidy requests from new groups and those who are volunteer-led and / or rely on donations.

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WEST OXFORD COMMUNITY ASSOCIATION CIO

Partnership working remains an essential part of WOCA's operation and we will continue to seek new partners to add to the many support groups / activities already in operation at the centre, such as Citizens Advice and Age UK Oxfordshire.

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 C Bussell J Hart S Jamshidifard

R Kilbee H Reid S Saunders J Whitaker K Wright-Lynes

We are seeking to expand our current number of trustees , and would be pleased to meet with anyone interested, to share more about the role of trustee and WOCA.

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 2024, centre usage held up despite the continuing closure of the road under the railway and increases in costs caused by inflation were not so great as in the immediately preceding years. Rounds of increases to room rates in 2022 and 2023 succeeded in income meeting or exceeding costs in 2024 and these rates were further revised, more modestly, at the end of 2024; they will be reviewed again towards the close of 2025, with the aim of increasing revenue, in line with costs yet without deterring users.

  1. WOCA's total income (2024 - £123,038 2023 - £109,032) increased in money terms, primarily as a result of the increases to rates but also, in part, because of attracting approximately £5,800 of room rental income from new users.

  2. We achieved a surplus (defined as the difference between our total income and our total expenditure) in 2024 of £7,294 (2023 - deficit £12,055). In the course of 2024, we received £4,028 in settlement of a claim against our energy broker for failure to act swiftly to enable us to re-contract for energy at the time of rising prices in 2022. Absent that, non-recurring, amount, our surplus would have been £3,266.

  3. Trading income (Tumbling Bay Cafe and Health Hub) improved modestly (2024 - £27,204, 2023 - £25,121).

  4. Grant income reduced (2024 - £5,000, 2023 - £6,370). We are grateful for this support. The difficulties of obtaining grant funding in the current climate would appear to vindicate the trustees' approach of seeking to cover operating and other costs by operating income.

For 2025 our financial objectives are -

The Treasurer would like to record his gratitude to all the staff for their hard work at the centre.

RESERVES POLICY

The charity’s policy on un-restricted reserves is to maintain cash equivalent balances:

• To cover not less than three months of annual budgeted recurring expenditure, excluding depreciation (2025 - £115,744 less depreciation £10,108, that is £105,636 such that £26,409 represents three months' expenditure), and;

The level of such reserves is monitored and reviewed by the trustees on an at least quarterly basis. As at 31 December 2024, total unrestricted cash equivalent balances (Cash at Bank - £89,189 together with Debtors - £11,815, net of Creditors - £6,582 and Restricted Funds - £4,877) stood at £89,545. This is more than the three months budgeted recurring expenditure and planned capital expenditure required.

9

WEST OXFORD COMMUNITY ASSOCIATION CIO WESTOXFORD COMMUNITY ASSOCIATION CIO TRUSTEE INDucfioN AND TRAINING New trustees are briefed on their legal oblS6atlons and responsSbi1Sties under charity law. They are also encouraged to familiarlse themselve5 With the charitys constitution. As part of the induclion proce55, new truslees wlll meet key employees and other trLtstees. RISK MANAGEMENT The tWStees a￿ responsible for undertaking an annual risk assessment of the orBanisation and its artk¥itles, thls was conducted in October 2024. Early In the year we held a strate8ic review wlth trustees and the Centre Manager, from this Ihe strategic plan was updated. INVEsfMENT POWERS AND POUCY The trustees, investrnent powers are laid dL)wn in the Constitution and re5tr¥ctions contalned therpin. These powers are also subjert to conditions imposed by law. TRANSACTIONS WITh TRUSTEES There were no transactions with trustees over the perlod. Approved by". R Huxley Date Chalrperson J Mcld on Treasurer 10

WEST OXFORD COMMUNITY ASSOCIATION CIO

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

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:

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 2024, which are set out in pages 13 - 20.

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:

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: …24 July 2025……..........………….

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WEST OXFORD COMMUNITY ASSOCIATION CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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
£
2,435
81,946
27,204
1,906
386
113,876
108,490
108,490
5,386
- 2,177
3,209
117,041
120,250		 2024
Restricted
funds
£
869
8,294
-
-
-
9,163
7,254
7,254
1,909
2,177
4,086
791
4,877		 Total
funds
£
3,304
90,240
27,204
1,906
386
123,039
115,744
115,744
7,295
-
7,295
117,832
125,127		 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

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.

13

WEST OXFORD COMMUNITY ASSOCIATION CIO WEST OXFORD COMMUNITY ASSOCIATION CIO BALANCE SHEET FOR THEYEAR ENDED 31 DECEMBER 2024 2023 Notes FIXED ASSETS Tan8ible Assets 30.706 CURRENT A5SErs Debtors Cash at bank and In hand io 11815 11,135 89,189 74,773 i0iA)04 85,908 CREDrroRS: Amounts fallin8 due wlthln one ve4r li 6582 9.075 NET CURRENT ASSETS 94,422 76.833 125,127 117,832 INCOME FUNDS General fund5 Restrkted funds TOTAL FUNDS 14 14 120,250 4,877 125,127 117,041 791 117.832 Approved bv: Ktl] R Huxley Date Chairper50n Jmc Oate hon Treasurer 14

WEST OXFORD 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.

Accounting period

These accounts cover the year ended 31 December 2024.

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 2024

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		 2024
£
57,808
2,418
60,226		 2023
£
53,319
1,918
55,237

The average monthly number of employees during the year was 6 (2023: 5).

No employees received employee benefits of more than £60,000.

4. DONATIONS

Other donations Unrestricted
funds
£
2,435
2,435		 2024
Restricted
funds
£
869
869		 Total
funds
£
3,304
3,304		 Unrestricted
funds
£
2,219
2,219		 2023
Restricted
funds
£
-
-		 Total
funds
£
2,219
2,219

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WEST OXFORD COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Room hire
Membership
subscriptions
Grants
Events
Sponsorship		 Unrestricted
funds

£
78,977
2,300
-
399
270
81,946		 2024
Restricted
funds
£
-
-
5,000
2,474
820
8,294		 Total
funds

£
78,977
2,300
5,000
2,873
1,090
90,240		 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

6. INCOME FROM OTHER TRADING ACTIVITIES

Café income
Health hub rent
Other income		 Unrestricted
funds

£
11,910
12,000
3,294
27,204		 2024
Restricted
funds
£
-
-
-
-		 Total
funds

£
11,910
12,000
3,294
27,204		 Unrestricted
funds

£
9,539
12,000
3,582
25,121		 2023
Restricted
funds
£
-
-
-
-		 Total
funds
£
9,539
12,000
3,582
25,121

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Wages
Premises expenditure
Supplies and services
Events expenditures
Depreciation
Movement in bad debt
provision
Loss on disposal of fixed
assets
Governance costs		 Unrestricted
funds

£
59,632
14,019
22,048
1,161
10,108
- 677
185
2,014
108,490		 2024
Restricted
funds
£
-
-
325
6,929
-
-
-
-
**7,254 **		 Total
funds

£
59,632
14,019
22,373
8,090
10,108
- 677
185
2,014
115,744		 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

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WEST OXFORD COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. GOVERNANCE COSTS

2024 2023
Unrestricted
 Restricted Total
 Unrestricted
 Restricted Total
funds funds funds funds funds funds
£ £ £ £ £ £
Accountancy fees 1,000 - 1,000 1,000 - 1,000
Minute taking 594 - 594 414 - 414
Independent examination 420 - 420 420 - 420
2,014 - 2,014 1,834 - 1,834

9. TANGIBLE ASSETS

Costs
At 1 January 2024
Additions
Disposals
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for year
Disposals
At 31 December 2024
Net book value
At 1 January 2024
At 31 December 2024		 Computer
and Office
Equipment
£
1,502
-
-
1,502
1,502
-
-
1,502
-
-		 Other
Equipment
£
113,591
-
- 7,825
105,766
99,446
4,061
- 7,640
95,867
14,145
9,899		 Leasehold
Improvements
£
60,468
-
-
60,468
33,614
6,047
-
39,661
26,854
20,807		 Total
£
175,561
-
- 7,825
167,736
134,562
10,108
- 7,640
137,030
40,999
30,706

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

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WEST OXFORD COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. DEBTORS

0. DEBTORS
Trade debtors
Other debtors
Prepayments and accrued income
Less provision for bad debts		 2024
£
11,790
618
411
12,819
- 1,004
11,815		 2023
£
12,448
-
368
12,816
- 1,681
11,135

11. CREDITORS: amounts falling due within one year

Trade creditors
Accruals and deferred income
Other creditors		 2024
£
2,514
3,208
860
6,582		 2023
£
3,648
2,613
2,814
9,075

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:

Oxford City Council - floor maintenance
Oxfordshire County Council - Household Support Grant
Oxford City Council - Household Support Grant
Oxford City Council - Fun Day donation from Lois and Susanna
SOFEA - Larder fund
Asda Foundation - to support Oxford City Larder
Oxfordshire Community Foundation - towards heating
Oxfordshire County Council - CPF unrestricted grant
Fun Day donation		 2024
£
2,800
1,000
1,000
200
-
-
-
-
5,000		 2023
£
-
-
-
1,000
500
500
800
3,570
-
6,370

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WEST OXFORD COMMUNITY ASSOCIATION CIO

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. MOVEMENTS IN FUNDS

Unrestricted funds:
General funds
Restricted funds:
Community Art Project
Fun Day
Oxford City Council - floor
maintenance
Household support grant		 As at 1
January
2024
£
117,041
300
-
-
491
117,832		 Income
£
113,876
-
4,363
2,800
2,000
123,039		 Expenditure
£
- 108,490
-
- 6,840
-
- 414
- 115,744		 Transfers
£
- 2,177
- 300
2,477
-
-
-		 As at 31
December
2024
£
120,250
-
-
2,800
2,077
125,127

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 £21,014 (2023: £20,213).

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