OAKRIDGE WEST COMMUNITY ASSOCIATION CIO FINANCIAL STATEMENTS 31[st] DECEMBER 2023
CIO Number 1176878 Associated Charity Number 231769
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| CONTENTS | |
|---|---|
| Trustees annual report | 3 |
| Independent examiner's report to the trustees | 4 |
| Statement of fnancial actvites | 5 |
| Balance sheet | 6 |
| Notes to the fnancial statements | 7 |
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and the unaudited financial statements for the year ended 31[st] December 2023 From 1[st] January 2023, the CIO took over the activities of the Charity.
ADDRESS
Oakridge Community Centre, Upton Crescent, Basingstoke, Hants, RG21 5SN
TRUSTEES
Harvey Van Sickle Linda Haynan Mark Austin Lesley Wilson (Chair) n/a n/a
BANKERS
SOLICITORS
INDEPENDENT EXAMINER
Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG
GOVERNANCE
CIO Registration Document registered on 28[th] January 2018
OBJECTS as set out in Governing Document
To further or benefit the residents of Norden and the surrounding areas without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary or other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents of Norden ACTIVITIES in relation to the objects
The CIO has taken over the Charity’s lease from Basingstoke and Deane Borough council the Community Centre which is rented to Oakridge West Limited who operate the Bar and Social Club. The lease in the name of the then trustees of the charity commenced on 1[st] August 1995, back dated to 1992 running until 1997 and then converting to an annual rental agreement with no specified end date.
The CIO hires out rooms within the building to community groups.
INVESTMENT POLICY
The CIO holds all of its funds in the current account.
RESERVES POLICY
The reserves of the CIO are sufficient for day to day running only.
SIGNED ON BEHALF OF THE TRUSTEES
Name Date
Lesley Wilson (Chair) 31[st] March 2024
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
I report on the accounts of the charity for the year ended 31st December 2023 which are set out on pages 5 to 7
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 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 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 statement below.
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.
Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG 31[st] March 2024
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| OAKRIDGE WEST COMMUNITY ASSOCIATION CIO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 |
||
|---|---|---|
| Note INCOME Grant Income 1 Membership Income Community rentals Donations received TOTAL INCOMING RESOURCES EXPENDITURE Expenditure of grant funds Utilities Rent Cleaning Administrator wage charge Repairs and Maintenance Insurance Accountancy Legal and Professional Administration and subscriptions Sundries TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES |
2022 £ £ £ £ 9,316 9,316 0 1,567 1,567 0 9,368 9,368 0 22,665 22,665 0 0 Unrestricted Funds Restricted funds Total Funds 2023 |
|
| 42,916 0 42,916## 0 |
||
| 4,013 4,013 10,092 10,092 1,487 1,487 3,672 3,672 1,579 1,579 10,233 10,233 1,531 1,531 400 400 180 180 1,078 1,078 196 196 |
0 0 0 0 0 0 0 0 0 0 |
|
| 34,461 0 34,461 |
0 | |
| 8,455 0 8,455 |
||
| 0 |
The notes on page 7 form part of these financial statements.
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO BALANCE SHEET AS AT 31 December 2022
| OAKRIDGE WEST COMMUNITY ASSOCIATION CIO BALANCE SHEET AS AT 31 December 2022 |
||
|---|---|---|
| Note FIXED ASSETS Tangible assets 3 Fixed asset investments CURRENT ASSETS Prepayments and sundry debtors Trade debtors Cash at bank and in hand CURRENT LIABILITIES Trade creditors Accruals and sundry creditors NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted fund brought forward 4 Surplus / (defcit) in year TOTAL FUNDS Charity Funds transferred on 1stJanuary 2023 |
2023 2022 £ £ £ £ 7,276 0 0 0 7,276 0 2,624 0 5,702 16,018 0 24,345 0 2,341 1,070 0 3,411 0 20,934 0 28,210 0 0 0 19,755 8,455 0 28,210 0 0 0 |
|
| 0 | ||
| 0 | ||
| 0 | ||
| 0 0 |
||
| 0 | ||
| 0 |
These financial statements were approved on
Name Lesley Wilson (Chair) Date 31st March 2024
The notes on page 7 form part of these financial statements.
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OAKRIDGE WEST COMMUNITY ASSOCIATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and The requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and FRS102 with reduced disclosure exemptions.
2. GRANTS and related party transactions
During the year the following grant was received from organisations with which the Charity is related
Basingstoke and Dean B C (landlord) Heating repairs £4,316 £4,316
| 3. FIXED ASSETS COST Brought forward Additons as at 31.12.22 DEPRECIATION Brought forward Charge for the year as at 31.12.22 NET BOOK VALUE Brought forward at 01.01.22 Carried forward as at 31.12.22 4. RESERVES Unrestricted reserve Received from Charity |
2023 Total £ £ 0 0 7,276 7,276 7,276 7,276 0 0 0 0 0 0 0 0 7,276 7,276 0 Income Expenditure Transfers £ £ £ £ 0 8,455 0 19,755 0 0 28,210 0 0 Fixtures and equipment 01.01.23 b/fwd |
2022 £ 0 |
|---|---|---|
| 0 | ||
| 0 | ||
| 0 | ||
| 0 | ||
| 0 | ||
| £ 8,455 19,755 c/fwd 31.12.23 |
||
| 28,210 |
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