Charlty reglstration numb&r 1180505 OXFORD HUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
OXFORD HUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms A Poole Ms S Donald Mr M Callermole Ms A Thorne L Fealherslone L DuBose (Appointed 8 June 20221 (Appointed 8 June 20221 Charlty number 1180505 Indèpendent examiner Critchleys Audlt LLP Beaver House 23-38 Hythe Bridge Stre81 Oxford OX1 2EP
OXFORD HUB CONTENTS Pagg Trustees. report Independent examinels port Statement of financial activilios Balance sheet ststement of cash fSows Notes to the financial stat8ments 10-20
OXFORD HUB TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2022 The trustees present their annual report and finanoal statements for the year ended 31 July 2022. The finan¢i81 st8tements have been pmpared in accordance with the ac¢ounling policies set out in note 1 to the financial statements and comply with the ¢h81ily's conslilution, the Charities Act 2011 and "Accounting 8nd Reporting by Charities.. Statement of Reeommended Practice applicable to charities preparing their accounts in accordance with the FinancAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. Objectives and activities Our impact At Oxford Hub, we are working towards five key objectives lo build an Oxford that is beller for everyone= 1. To promote partiCApation within voluntary organisations and other inslilulions in Oxfordshire in so far as such organisalions and institulions are working lo advance charitable purposes.. 2. To promote the efficiency and effectiveness of voluntary organisations and other institutions in Oxfordshire In so far as such organisalions are working lo advance charitable purposes., 3. To advance education regarding issues encountered by or affe¢bng thos& within the charity sector in Oxfordshire., 4. To provide relief lo those pèrsons living in Oxlordshire who are in need by asOn of their youth, age, ill- health, disability, financial hardship or other disadvantsge by providing such services as the Ttustees decAde from time lo time., 5. To develop the capacity and skills of those living in socially-disadvantsged communities in OKFordshire in such a way th81 they are belter able to idenllfy and help meet their needs and to participate more fully in society. OLJr activities focus on a range of community volunteering programmes across the City. and community development activities focused on the OX4 aa. Some of our highlights of thè 2021-22 financial year are outlined below.. Our vislon and strategy Oxford is an amazing city.. home to diverse communities, rich history, thriving industry, world-leading learning and a vibrant charity sector. BLJt it also has some of the highest levels of inequality and intergenoralional disadvantaoe in the UK.. 9 neighbourhoods in Oxford are in the 20 % most deprived in the UK. There's a life expectsn¢y gap of over 13 years belween men who live in North Oxford and thos6 who live in Northfield Brook. 26¢10 of children in Oxford livè below the poverty line, and 64Q/o of pupils on free school meals do not attain the expected nationa5 standards in reading, writing & maths. Our vision Is of an Oxford that is more equal, connected and resilient. Our work to get there focuses on tackling inequalities of education, health and opportLJnity. We do this through community volunteering programmes that mobilise the energy and skills of residents across the city, and through community dèvelopment work, focusing on wards in south east Oxford that have some of the highest levels of deprivation in th6 country. Through this work, we support people to thrive and p8rticipate in their commLJnities, and we share our learning to help make the system work belter for everyone.
OXFORD HUB TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Our commitment to equity. dlverslty and in¢luslon Oxford Hub strongly believes in the principles of EqLJity. Diversity and Inclusion IEDII. Our vision is of an Oxford that's better for everyone. To achieve this, w& know we need lo make sure that the work we do. and the way we do it, includes, represents and supports fair outcomes for a wde range of people, especially those whose voices and experiences are heard less often. We've sel this out in our EDI Chartor, which can be found online. Over the past year. we have particularly focused on continuing to advance diversity within our organisation, following our inclusivo rocruilment practices and supporting ClleagueS varied b8¢kgrounds and expsriences to thrive at work. In addition lo thbs, with support from OSEP, we set up a series of peer support s&ssions for people working to further EDI in their organisations. We wanted lo develop a space where people could share their experiences and ideas. hold each other ac¢ountable and work together lo improve EDI in OLJr organi5ations and beyond. We believe that through collaboration across the sector, we will all be able lo make faster progress on inclusion. We remain committed to progressing further in this area and sharing our progrèss as part of the annual report. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Charity should undèrtake. During the financial year. the charity made granls lotalling £20,000 to community organisations in socially disadvantaged communities in Oxfordshir&. These grants were made in order lo develop the capacity and skills of those living in such areas in such a way that they are beller able lo identify and help meet their needs and to enable those living in such areas to participate more fully in souety, in a¢¢ordance with the objecls of the charity. Achièvements and perfomiance Thriving Individuals Through our programmes. we support people lo improve their mental and physical wellbeing, develop a sense of agency, and lulfil their potential. We don't make change for people they make it for themselves, with support from the Oxford Hub community of volunteers, participants and partner organisations. Over the past year, highlights include.. Enabling 66 Big Siblings lo support 75 Little Siblings, building positive, long-term menloTing relationships and accessing opportunities that help Ihem fulfil their potential. Matching 98 Oxfordshire children with volunteer tutors, supporting them lo fulfil their academic potential. Together, they clocked up 1,945 lessons - worth over £48,000 at the standard private tutoring rate. Distributing 191 bikes lo local families. and providing ongoing support trj help them keep cycling Community Partlclpatlon We support pgople to get involved in their community and to build the friendships and connections that will help Ih&m lo Ihrwe. We also support people lo realise their potential lo make change in their l¢xal ¢ommunity and beyond. Over the past year, highlights include.. Connecting ovgr 180 Crankslart Scholars from the University of Oxford with community volunteering opportunities, Contributing lo brldge the town and gown divisions Supporting residents in the Community Impact Zone lo connect with others, build networks of peer support and volunteer in their local community Developing a community-rooted approach to social prescribing in partnership wlh the primary ¢are nelworf( in South East Oxford
OXFORD HUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Sytematic Change Through our programmes, we lesl alternative ways of doing things like including people with lived experion¢e in service design and delivery. and promoting community participation in and ownership of decision making. We also work to influence wider sysloms lo adopt these approaches often by inviting people from partner organisations and the public seclor into tha work, and sharing our l&arning with a wider audience. Over the past year, we have focused on working with partners lo strengthen the Marmalade network to create more Spa8 for experimenting with social change across Oxford City. Highlights of this work Include.. Running a Community Fund lo put decision-making about funding into the hands of local people who know what their community needs Making the case for lived experience leadership in early help for children and families Running a Systems Changers programme supported by Lankelly Chase to equip residents and professionals with Ihe skills lo lead change in complex environments Financial review Oxford Hub raises funds from a wido range of sources with our principal funders in 2021-22 including Oxfordshire County Covn¢il, Oxtord University, Oxfordshire Community Foundation. Lankelly Chasg, Rank Foundation and Oxford City Council. Al the end of thg yoar our reserves amounted to £522,75712021'. £367,336) of which £257,36912021'. £93,363) is restricted and £265,388 12021.. £273,973) is unrtsstricled. Of the £265,388 Currently held unrestricted reserves £128,000 has been designated as being held for the purposes of meèting the reserves policy, and £137,388 has been designated to contlnue our work in 2022-23. This is focused on continLJing our work lo combat inèqualilitss in heallh. educalion, and opportunity in Oxford. particularly in the Communily Impact Zone in South East Oxford. Our total funds We represented by fixed assets of £9,339 12021.. £8,202), net current assets of £554,746 12021". £578.4521 and current short-temi liabilities of £41,328 12021.. £219,318). As of 31 July 2022, the charity had no long-lerm liabilities. Oxford Hub has mel ils policy to hold £128,000 as designated reserves. This target is reviewed annually by the Oxford HLJb Trustee Board considering the future plans of the charity, the certainty of future funding streams and any other key risks identified during review of the charities Risk Rister. Our reserves target has increased12021'. £90,000) given the growth in the charity, the increased importance of our work in communities, and the UnrtaintY in the funding landscape. The Trustees have determined that the amount held should enable the charity to responsibly wind down or hand over its work in the event of the charity having to close lover a 6-monlh period for its activities working tvilh ¢hildren, families and vuln&r8ble adults, and 3 months for ils other workl, or to allow the charity to continue its operatSons if faced with unexpeded expenditure. Of the £265,388 currently héld in unrestricted reserves we have designated £128,000 for purposes of our reserves policy. These designated reserves are unrestricted reserves held lo enable the charity lo responsibly wind down or hand over ils operations in the event of closure, or to continue ils operations if faced with any unexpected oxpendilure. The remainder of our unrestricted reserves will be spent on the charity's ongoing WOTk. The Iruslees have assessed the major risks lo which the ¢harily is exposed, and are satisfied that systems are in placè to rlliligate exposure to the major risks. The charity does not have any significant, committed long-larm funding. although a large proportion of its funding ¢om&s frorn repeal funders and it has strong relationships with a number of key funding partners. There is a risk that these relationships do not result in repeal funding in future yoars which would potentially make il difficull for the charity to covér its overheads.
OXFORD HUB TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Structure, governance and management The governing document ol the charity is its constitution. The registered address of the charity is 36 Little Glarendon Street. Oxford, OX12HU. The charity's bankers are Lloyds Bank, 1-5 High Street, Carfax, Oxford, OX1 4AA. The charity's independent examiners are.. Critchleys Audit LLP, Beaver House, 23-38 Hylhe Bridg8 SlreeL Oxlord, OX12EP. The objects of the charity are as follows.. To promote participation wilhin voluntary organizalions and other institutions in Oxfordshire, in so far as such organisations and institutions are working to advance charitable purposes. To promote the efficiency and effectiveness of voluntary organisaiions and other institutions in Oxftsrdshire in so far as such organisations are working to advance charitable purposes To advance education regarding issues encountered by or affecting those within the charity sector in Oxfordshire The trustees who served during the year and up lo the date of signature of the financial slalements were.. Mr J Black {Resigned 30 November 20211 Ms L Gray IResigned 30 November 20211 MSA Poole Ms S Donald Mr M Catlermolg MSA Thorne L Featherstone Ms L Du8ose {Appoinled 8 June 2022) {Appointed 8 June 20221 There musl be al least three charity trusl&es. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting ol the charity trustees, or appoint a new charity trustee. The maximum numbers of charity trustees is 10. The Gharity truslees may not appoint any charity trustees if as a result the number of charity Iruslges would exceed the maximum. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trLJStees musl have regard lo the skills. knowledge and experience needed for the effective administration of the CIO. A trustee who has relired as a trustee al the end of their 3 year term 15 eligible for reappoinlm&nl. The charity trustees ¥MII make available to each new charity trustee, on or before his or her first appointment.. 8 Copy of the Current v$rsion of this constitution," and a Copy of the CIO'S latest Tmstees, Annual Report and stslement of accounts,. and a full induction into Oxford Hub's aclivilies, introduction to key staff and induction pack Trustees are also invited to all major events and kept informed of Oxford Hub's activities betwaen meetings. No trusle8s are involved in day-lo-day management of thè charity. Oxford Hub is a Charitable Incorporated Organisation registered with thè Charity Commission on 31sl October 2018. The charity number is 1180505. The Charity trustees 8re the only voting members. The governing document of the charity is its consts'lution. The pay of the CEO Is set by the Iruslees. The pay of the other Key Management Personnel is sel by the CEO.
OXFORD HUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 The trustees, report was approved by the Board of Trustees. L Fealherslone Trustee Dale..
OXFORD HUB CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD HUB I report lo the Iruslees on my examination of the financial statements of Oxford Hub (the ¢h8rllyl for the year ended 31 July 2022. Responslbllltles and basis of rèport As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ith8 2011 Acti. I rtsport in respect of my examinalion of the charity's financial slaternenls carried out under section 145 of the 2011 Act. In carrying out my examinalion I have followed all the applicable Dire¢tions oiven by the Charity Commission under secbon 14515llbl of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm thal l am qualified lo undertake the examination because l am 8 member of ICAEW, which is one of the lisl8d bodies. Your attention is drawn lo the fa¢t that the charity has prepared finaNThal statements in accordance with Accounting and Reporting by Charities pparIng their accounts in accordance with tho Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021 in proferenee to the Accounting and Reporting by Charities.. Statement of Re¢ommended Prsclic$ issued on 1 April 2005 which is referred lo in the extant regulations but has now been wllhdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporbng periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters h8ve Come to my attenllon In ¢onnection with the examination giving me ¢ause to believe that in any material respe¢l'. accounting mcords were not kgpt in respect of the Charity as required by section 130 of the 2011 Act- or the financial statements do not accord with those records.. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any qUirement that the accounts glve a true and fair view whlch is not a matter considered as part of an independent examinatlon. I h8ve no concerns and have come across no other matters in connectlon wth the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the financial slalements to be reached. Crltchleys Audit LLP Beaver House 23-38 Hythe Bridge Streol Oxford OX12EP Dated.. 2315123
OXFORD HUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2022 Unrestricted Restricted funds funds 2022 2022 Total Unrestrlcted Restricted funds funds 2021 2021 Totsl 2022 2021 Note5 Income and endowments from: Donations and ltsgacies Charitable activities Inveslmenls Other income 265,478 37,436 30 3,610 528,572 794,050 37,436 30 3,610 301,652 64,120 274,726 36,520 576,378 100.640 6,285 6,285 Total incomè 306,554 528,572 835,126 372,057 311,246 683,303 Ex ènditure on.. Raising funds 14.478 14,478 8,748 8,748 Charitable activilies 300,204 364,566 664.770 159.350 260.616 419.966 Other 457 457 Total expenditure 315,139 364,566 679,705 168,098 260,616 428,714 Net lexpènditurellincome for the yearl Net movement in funds 18.5851 164,006 155,421 203,959 50.630 254,589 Fund balances at 1 Auousl 2021 273.973 93,363 367.336 70,014 42.733 112,747 Fund balances at 31 July 2022 265,388 257,369 522,757 273,973 93,383 367,336 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from confjnuing activities.
OXFORD HUB BALANCE SHEET AS AT31 JULY 2022 2022 2021 Notes Fixed assets Tangible assets 9,339 8.202 Current assets Debtors Cash al bank and in hand 14 77,708 477.038 3,720 574,732 554,746 578,452 Creditors- amounts falllng due withln one year 141,3281 1219,3181 Nel current assets 513,418 359.134 Total assets less current liablllties 522,757 367,336 Income funds Restricted funds Unreslricled funds 17 257,369 265.388 93,363 273,973 522,757 367,336 The financial statements wera approved by the Trustees on . L Fealherslone Trustee
OXFORD HUB STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2022 2022 2021 Notes Cash flows from opèrating activilies Cash labsorbed byygenerated from operations 20 {94,1661 386,075 Investing activltles Purchase of tangible fixed assets Inv8slmenl income reiVed 13.5581 30 (4,9671 Net cash usad In Investing activltles 13,5281 14,9671 Net cash used in financing activltlès Net Idecreasellincrease In cash and cash equivalents 197.6941 381,108 Cash and cash equiva16nts al beginning of year 574,732 193.624 Cash and cash equivalents at end of year 477,038 574,732
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Accounting poli¢les Charlty Information Oxford Hub is a Gharilable Incorporated Organlsalion. 1.1 Accountlng convention The financial slalements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102,1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their 8¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° leffe¢tivo 1 January 20191. The charity is a Public Benelit Enlily as defined by FRS 102. The financial statements have departed from the Charilies (Accounts and Reports) Regulations 2008 only to the exlent required lo provide a true and fair wew. This departure has involved following the Slalement of Recommended Pra¢tice for charities applying FRS 102 rather than the version of the Slalemènt of Recommended Pra¢ti¢e which is referred lo in the Regulations but which has Sin been withdrawn. The financial statements are ppared in sterling, which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared undgr the historical cost convèntion, Imodified lo include the revaluation of fehOld properues and to include investment properties anol certain financial instruments at fair valuel. The principal acoounting policies adopted are set out below. 1.2 Going concarn At the time of approving the financial slalem8nls, the trustees have a reasonable expectation that the ¢harity has adequate resources to continue in oper81ional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of ac¢oLJnting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are avallable for use at the dlscrelion of the Iruslees in furtherance of their ch8ril¥ble objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalemenls. Endowment funds are subject lo specific conditions by donors that the capital musl be maintslned by the charity. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance Conditions have been mel, the amounts can be measured reliably, and it is probable that income will he received. Cash donations are recognisad on receipt. Other donations are recognised once the charity has been nollfied of the donation. unle55 performance conditions require deferral of the amount. Income lax recoverable in relation to donalions received under Gift Aid or dtseds of covenant is recognised at the time of the donation. Legacies are recognised on reIpl or otherwlse if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the am(>unt is not known, the lega¢y is treated as conlingenl asset. 10-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Accounting policies Icontinugdl 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo tonsfer economic benefit lo a third party, il is probable that a transfer ol economic benefits wll be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The cosis of 68¢h activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single actlvity a allocated directly lo that aclivily. Shared costs which contribLJta lo more than one activity and support costs which are not attributable to a single activity are apportioned belween those activities on a basis nsislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charyes 8r8 811ocated on the portlon of the asset's use. 1.6 Tangible fixed assets Tangible fixsd assets are initially m8asured at cost and substsquenlly measured al cost or valuation, nel of depreciation and any impaimient losses. Oepreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 250k stralghl line The gain or loss arising on th8 disposal of an asset is delgrmined as the dIffenCe between the sale proceeds and the carrying value of the asset, and is recognised in Ihe stattsrnenl of financAal activities. 1.7 Impairment of flxèd assets Al each reporting end date, the charity reviews the carrying amounts of its tanglb16 assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimaled in order lo determine the extent of the impairment loss lif any). 1.8 Cash and cash èquivalents Cash and cash eqLJivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Fin8ncial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the ¢harills balance she81 when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wlth the nel amounts presented in the financia1 statements, when there is a legally enforceable right to set off the re¢c>gnised amounts and there is an intention to settle on a nel basis or lo realise Ihe asset and sellle the liability simultaneously. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances. are InFtlally measured at transaction price including transaction costs and are subsequently carried al amorbsed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market mle of interest. Financial assets classified as receivable within one year are not amortised. 11
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Accountlng pollcies (Continued} Basic finanGi81 liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at Iransa¢tion pri unless the arffjngement conslilules a financing transaction, where the debt instrLJment is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments ar¢ subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or service5 th8t have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one yéar or less. If not, they are presented as non-currenl liabililigs. Trade creditors are récognised ini118lly at transaction price and subsequently measured at amortised ¢ost using the effective interest method. Derecognltlon of financial Ilabilities Financial liabilities are derecognised when the charity's contractual obligations expl or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday antitlement is recognised in the period in whi¢h the employee's seNices are received. TerrNin8tion benefits are recognised immediately as an expense when the charity is demonstrably committed to lemiinale the employment ol an employee or lo provide termination b&nefits. Critical accounting estirnates and judgements In Ihe application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions gre based on historical experience and other la¢tors that are considerèd to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are rev16wed on an ongoing basis. Revisions to accounting estimates ars recognised in the period in which the 85timate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both curnt and future periods. Donations and legacies Unrestricted Restricted funds funds Total Unrestricted funds Reslricted funds Total 2022 2022 2022 2021 2021 2021 Donations and gifts 265,478 528,572 794,050 301,652 274,726 576,378 12-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Charitable actlvltles 2022 2021 Sales within charitable activities Services provida¢J under contract Other income 100 37,328 100.640 37,436 100,640 Analysis by fund Unresliicted funds Restricted ftjnds 37,43 64,120 36,520 37,436 100,640 For the year ended 31 July 2021 Unreslricled funds Reslricted funds 64,120 36,520 100,640 Investments Unrestrictad funds Total 2022 2021 Inl8resl receivable 30 Other Income Unrestricted Unreslricled funds funds 2022 2021 Other Trading Activities 3,610 6,285 13-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Ralsing funds Unrestricted Unreslricled funds funds 2022 2021 Fundraisin and ublial Office and Membership staff costs 1,422 7,326 14,478 Fundraising and publiaty 14,478 8,748 14,478 8,748 Charitable activities Charitable Charitable Expenditure Expenditure 2022 2021 Staff costs Depreoialion and impairment Project Costs Communications and Outreach Costs Office and Membership Costs Operations Costs 514,176 2,421 93,294 2,270 38,865 10,664 323.051 2,058 73,902 2,336 9.944 661.690 411,291 Sharo of g0Veman costs (see note 91 3,080 8,675 664,770 419,966 Analysis by fund Unreslrioled funds Reslrided funds 300,204 364,566 159,350 260,616 664,770 419,966 14-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Support costs Support Governance costs costs 2022 2021 IE fees Gov&rnance costs 3,080 3,080 2,052 8,623 3.080 3,080 8,675 Analysed between Charitable activities 3,080 3.080 8,675 Governance costs includes payments lo the independent examiners of £3,080 {2021- £2,052) for IE fees. 10 Trustees Non8 of the trustees lor any persons connected with them} received any remuneration or benefits from the ¢harlly during the year. 11 Employees The average monthly number of employees during the year was.. 2022 Number 2021 Number 26 21 Employrrjent costs 2022 2021 Wages and sal8ritsS Social security costs Other pension costs 477,659 36,965 14,030 301.202 24.208 4,967 528.654 330,377 There were no employees whose annual remuneration was more than £60,000.
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 12 Other Unrestricted funds Total 2022 2021 Purchases Travel and A¢¢omondation Un8pplied Cash Bill Payment Expenditure Other expenditure 152 16031 899 457 13 Tanglble fixed assets Flxtures and flttlngs Cost At 1 August 2021 Additions 11,130 3,558 At 31 July 2022 14,688 Deprèclation and impalrmÈnt At 1 August 2021 Depreciation charged in the year 2,928 2,421 Al 31 July 2022 5,349 Carrying amount At 31 July 2022 9,339 At 31 July 2021 8,202 14 Debtors 2022 2021 Amounts falling due within one year: Trade debtors Prepayments and accrued income 9,900 67.808 2,050 1,670 77,708 3,720
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 15 Credltors= amounts falling due wlthln one year 2022 2021 Notes Other laxalion and social security Deferred income Trade creditors Other creditors Accruals 9.638 10,498 14,368 3.794 3,030 9,335 192,128 15,655 16 2,200 41,328 219,318 16 Deferred income 2022 2021 Other deferred incom 10,498 192,128 Deferred income is in¢luded in the financial statement$ as follows.. 2022 2021 Deferred InMe is included within.. Current liabilities 10,498 192.128 Movements in the year.. Deferred income at 1 August 2021 Released from previous perIS 192,128 1181.6301 82.828 1109,3001 Deferred income at 31 July 2022 10,498 1192,1281 17 Restrlctèd funds The income funds of the charily in¢ludts restricted funds comprising the following unexpended balancès of donations and grants held on trust for specific purposes.. Movement in funds Balance at Incomlng R8sour¢es 1 August resources 8xpended 2020 Movement In funds Incoming Re8ourctr5 Balance at resour¢es expended 31 July 2022 BalaTrc8 al 1 August 2021 Oxford Community Foundation, St Michael's Bnd All Saints. Charities, Singer Foundaiton, Awards for All and other small grants 2,243 10.000 16,4931 5,750 39,985 123,3251 22.410 17-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 17 Reslrlcted funds (Continued) National Lottery Community Fund OCC funding OCC and Singer Foundation funding Lankelly Chase Community Impact zone OCF and OCC funding for Fellow Active Oxfordshire funding for Get Active Oxford University funding for Social Enterprise Oxford University Social Enterprise Awards OCC Holiday Acbvities Children in Need funding OCC and the Dragon Christmas Charity Sales Eleanor Hamilton Trust funding Rank Foundation funding OCC funding for Schools Plus Small grants and commLJnity donations for Schools Plus Turville Trust funding VIP+ funding for staff time DCR Allen Trust Blagrave Trust Emanual Kay Foundation Golden Award M&C Freeman Fund Oxfordshire City Council PF Charitable Trust Pye Settlement Wadr profile funding from County council University of Oxford Scholar Singer Foundation 34,690 74.400 134,690} 168,414} 14,720 114,7311 170,205 1137,4641 7,986 40,727 36,520 124,265) 12,255 32,000 124,0521 20,203 11,232 11,232 25,000 127,0861 9.146 5.341 3,932 {3,5031 5,770 15,7701 4.077 35,778 {28,0781 11,777 39,389 145,2911 5,875 14.455 114,0991 356 356 14.547 12,931 8.842 2,897 25,158 (6,9971 18,8421 {21,5191 20,481 12,600 113,4791 19.602 6,536 21,239 111,3821 16,393 7,600 7,600 7.600 2.000 24,250 12,0001 124,2501 2,000 12,0001 11,160 111,1601 1,800 5,650 2,080 15021 15,7561 12,0481 1,298 738 1,584 1,000 11,2981 17411 17,483 18,2261 4,500 14,5001 12,656 13,0361 25,000 (11,7831 20,000 4,080 4,500 1,000 1,000 1,000 131 10,841 1,552 9,620 13.217 20,000 4,080 4.500 1,000 1,000 10,OOQ 10.000 55,065 119,7151 15,150 110,6871 35,350 4,463 42,733 311,246 1260,6161 93,363 528,572 1364,5661 257,369 18-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 17 Restricted fund5 (Continued) Programmes listed in the abov6 include.. The Comrnunily Impact Zone.. A ¢ollaboralive project lo create opportunities for children and families in four key wards in East Oxford. Fellow.. Offering free English lessons lo learners in Oxford. Bridge Builders and Together Neighbours.. Projects set up during the COVID19 pandemic lo support the local community including a prescription delivery service, food bank and hol food support, befriending and other practical help. Social Enterprise Awards.. Providing start up funding for start up social enterprise projects. Get Active projects.. Projects supporting people to get active in their local community. Big Brothers Big Sisters.. Providing longer term mentoring relalionshlps to young people. Branch up.. Term time activity days for young people induding sport, art and other activities. VIP+- Supporting young people to develop skills and enrich their lives through play, education. leisure and cultural activit16S. Schools PILJS.. Helping young people to achieve their academic polential by matching them with universily student tutors. Turville Summer Holidays.. Providing young people wilh access lo a summer residential and providing other financial support throughout the year. 18 Analysis of net assets betwèèn funds Unrestricted Restricted funds funds 2022 2022 Total Unrestricted funds 2021 Restricted funds 2021 Totsl 2022 2a21 Fund balanw al 31 July 2022 ar& represented by.. Tangible assets Current assetsllliabililies) 9,339 256,049 9,339 513,418 8,202 265.771 8,202 359,134 257,369 93.363 265,388 257,369 522,757 273.973 93,363 367,336 19-
OXFORD HUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 19 Related party trxnsactions There were no disc108able related party transactions during the year12021 none). Remunèratlon of key manag8m•nt personnel The remuneration of key management personnel is as follows. 2022 2021 Aggregate compensation 175,500 128,420 20 Cash ganerated from operations 2022 2021 Surplus for the year 155,421 254,589 Adjustments for.. Investment income recognised in ststement of financial activities Depreciation and impairment of tsngible fixed assets {301 2,421 2.058 Movements in working capital.. (Increaselldecase in dsbtors Increase in creditors IDecreaseyin¢rease in deferred in¢ome 173,9881 3.640 1181,6301 1.935 18,193 109,300 Cash (absorbed by}Igenerated from oparatlons 194,1661 386,075 21 Analysls of changes in net funds The charity had no debt during the year. 20-