## **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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