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2023-07-31-accounts

Charity no. 1180505

Oxford Hub Report and Unaudited Financial Statements 31 July 2023

Oxford Hub

Reference and administrative details

Reference and administrative details Reference and administrative details
For theyear ended 31 July 2023
Charity number 1180505
Registered office and 36 Little Clarendon Street
operational address Oxford
OX1 2HU
Trustees The trustees who served during the year and up to the date of this report
were as follows:
Martin Cattermole
Lorna DuBose
Lynn Featherstone Appointed 29 September 2022
Cidalia Gray Appointed 15 June 2023
Amelia Papworth Appointed 15 June 2023
Amanda Poole Resigned 12 November 2023
Anna Thorne Resigned 19 January 2023
Rebecca Vallins Appointed 13 April 2023
Jack Wands Appointed 13 April 2023
Chief executive officer Amy Lockwood
Bankers Lloyds Bank PLC
Lewisham
PO Box 1000
BX11LT
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Oxford Hub

Report of the trustees

For the year ended 31 July 2023

The trustees present their annual report and financial statements for the year ended 31 July 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Our vision and strategy

Oxford is an amazing city; home to diverse communities, rich history, thriving industry, world-leading learning and a vibrant charity sector. But it also has some of the highest levels of inequality and intergenerational disadvantage in the UK:

Objectives and activities

In 2022/23, we worked towards three key objectives to build an Oxford that is better for everyone:

  1. Thriving individuals: We support individuals to thrive, working to improve people’s mental and physical wellbeing.

  2. Community participation: We enable everyone to actively connect with their community.

  3. Systemic change: We provide opportunities for people to realise their own power to make change in their lives, their neighbourhoods and our city.

Our activities focus on a range of community volunteering programmes across the city, and community development activities focused on the OX4 area.

Our commitment to equity, diversity and inclusion

Oxford Hub strongly believes in the principles of Equity, Diversity and Inclusion (EDI). Our vision is of an Oxford that’s better for everyone. To achieve this, we know we need to make sure that the work we do, and the way we do it, includes, represents and supports fair outcomes for a wide range of people, especially those whose voices and experiences are heard less often. We’ve set this out in our EDI Charter, which can be found online.

Over the past year, we have particularly focused on continuing to advance diversity within our organisation, following our inclusive recruitment practices and supporting colleagues with varied backgrounds and experiences to thrive at work.

We remain committed to progressing further in this area and sharing our progress as part of the annual report.

In determining the activities that the charity should undertake, the trustees have had due regard to guidance issued by the Charity Commission on public benefit.

During the financial year, the charity made grants totaling £5,431 to community organisations in socially disadvantaged communities in Oxfordshire.

2

Oxford Hub

Report of the trustees

For the year ended 31 July 2023

These grants were made in order to develop the capacity and skills of those living in such areas in such a way that they are better able to identify and help meet their needs and to enable those living in such areas to participate more fully in society, in accordance with the objects of the charity.

Achievements and performance

Our annual review showcases our achievements towards our objectives in 2022-23. You can read this at https://www.oxfordhub.org/impact-2022.

Highlights include:

Financial review

Oxford Hub raises funds from a wide range of sources with our principal funders in 2022-23 including Oxfordshire County Council, Oxford City Council, Oxford University, South East Oxford Health Alliance, Oxfordshire Community Foundation, Lankelly Chase, The Emmanuel Kaye Foundation, Postcode Society Trust, The Rank Foundation, Eleanor Hamilton Educational Trust and the William Wates Memorial Trust.

At the end of the year our reserves amounted to £424,271 (2022: £522,757) of which £179,177 (2022: £257,369) is restricted and £245,094 (2022: £265,388) is unrestricted.

Our total funds were represented by fixed assets of £9,119 (2022: £9,339) and net current assets of £415,152 (2022: £513,418), which included current short-term liabilities of £54,018 (2022: £41,328). As of 31 July 2023, the charity had no long-term liabilities.

Oxford Hub has met its reserves policy to hold £128,000 as general reserves. This target is reviewed annually by the Oxford Hub 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 charity’s risk register.

3

Oxford Hub

Report of the trustees

For the year ended 31 July 2023

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 (over a 6-month period for its activities working with children, families and vulnerable adults, and 3 months for its other work), or to allow the charity to continue its operations if faced with unexpected expenditure.

The excess reserves currently held will be focused on continuing our work to combat inequalities in health, education, and opportunity in Oxford, particularly in the Community Impact Zone in South East Oxford where we anticipate opening a community hub following on our Systems Changers community engagement project which surfaced the need for a community hub with a focus on families in the Leys.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The charity does not have any significant, committed long-term funding, although a large proportion of its funding comes from repeat funders and it has strong relationships with a number of key funding partners. There is a risk that these relationships do not result in repeat funding in future years which would potentially make it difficult for the charity to cover its overheads.

Plans for future periods

Our vision: A more equal Oxford brought about by thriving individuals, community participation and systemic change

Our mission: At Oxford Hub, we’re building a relationship-focused city. We create opportunities for people to develop meaningful relationships in the Oxford community through taking part in our programmes.

Objective: Tackle inequalities of health, education and opportunities in Oxford.

Impact goals:

The programmes we will run to achieve this are:

Structure, governance and management

Oxford Hub is a Charitable Incorporated Organisation registered with the Charity Commission on 31 October 2018. The charity number is 1180505.

4

Oxford Hub

Report of the trustees

For the year ended 31 July 2023

The charity trustees are the only voting members. The governing document of the charity is its constitution.

Oxford Hub’s overall goals (known as charitable objects) are set out in our constitution:

The trustees who served during the year and up to the date of signature of the financial statements are listed on page 1.

There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees is 10. The charity trustees may not appoint any charity trustees if as a result the number of charity trustees 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 trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. A trustee who has retired as a trustee at the end of their 3 year term is eligible for reappointment.

The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

Trustees are also invited to all major events and kept informed of Oxford Hub's activities between meetings.

No trustees are involved in day-to-day management of the charity.

The pay of the chief executive officer is set by the trustees. The pay of other managers and staff is set by the chief executive officer, in consultation with trustees.

5

Oxford Hub

Report of the trustees

For the year ended 31 July 2023

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 8 April 2024 and signed on their behalf by

Lynn Featherstone

Lynn Featherstone - Trustee

6

Independent examiner's report

To the trustees of

Oxford Hub

I report to the trustees on my examination of the accounts of Oxford Hub (the CIO) for the year ended 31 July 2023, which are set out on pages 8 to 24.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

William Guy Blake

Date: 8 April 2024 William Guy Blake ACA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

7

Oxford Hub

Statement of financial activities

For the year ended 31 July 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net income / (expenditure)
Transfers between funds
Net movement in funds
9
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted
£
£
299,833
165,986
-
90,491
-
1,400
-
1,316
299,833
259,193
-
13,177
378,039
266,296
378,039
279,473
(78,206)
(20,280)
14
(14)
(78,192)
(20,294)
257,369
265,388
179,177
245,094		 2023
Total
£
465,819
90,491
1,400
1,316
559,026
13,177
644,335
657,512
(98,486)
-
(98,486)
522,757
424,271		 Restated
2022
Total
£
794,050
37,436
3,610
30
835,126
16,039
663,666
679,705
155,421
-
155,421
367,336
522,757

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.

Expenditure has been restated for reclassification between SoFA headings. Total expenditure is not affected.

8

Oxford Hub

Balance sheet

As at 31 July 2023

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
16
Funds
17
Restricted funds
Unrestricted funds
Total charity funds		 £
42,338
426,832
469,170
54,018		 2023
£
9,119
415,152
424,271
179,177
245,094
424,271		 2022
£
9,339
77,708
477,038
554,746
41,328
513,418
522,757
257,369
265,388
522,757

Approved by the trustees on 8 April 2024 and signed on their behalf by

Lynn Featherstone

Lynn Featherstone - Trustee

9

Oxford Hub

Statement of cash flows

For the year ended 31 July 2023

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Net cash used in investing activities
Decrease in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
(98,486)
4,263
(1,316)
35,370
12,690
(47,479)
1,316
(4,043)
(2,727)
(50,206)
477,038
426,832		 2022
£
155,421
2,421
(30)
(73,988)
(177,990)
(94,166)
30
(3,558)
(3,528)
(97,694)
574,732
477,038

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

10

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Oxford Hub meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

11

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies (continued)

g) Grants payable

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of staff time as follows:

Restated
2023 2022
Raising funds 3% 3%
Charitable activities 97% 97%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment

25% straight line

Items of equipment are capitalised where the purchase price exceeds £500.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

12

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies (continued)

n) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1(i) above.

2. Prior period comparatives: statement of financial activities (restated)

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure) and net
movement in funds		 Restricted
£
£
528,572
265,478
-
37,436
-
3,610
-
30
528,572
306,554
-
16,039
364,566
299,100
364,566
315,139
164,006
(8,585)
Unrestricted		 2022
Total
£
794,050
37,436
3,610
30
835,126
16,039
663,666
679,705
155,421

13

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

3. Income from donations and legacies

Income from donations and legacies
2023
Restricted Unrestricted Total
£ £ £
Trusts and foundations 169,639 91,225 260,864
Public funding 104,000 5,000 109,000
Central University 19,114 55,562 74,676
Third sector partners 7,080 5,599 12,679
General and community fundraising - 3,522 3,522
Individual donations - 5,078 5,078
Total income from donations and legacies 299,833 165,986 465,819
Prior period comparative:
Trusts and foundations
Public funding
Central University
Third sector partners
General and community fundraising
Individual donations
Total income from donations and legacies
Prior period comparative:		 Restricted
£
£
169,639
91,225
104,000
5,000
19,114
55,562
7,080
5,599
-
3,522
-
5,078
299,833
165,986
Unrestricted		 2023
Total
£
260,864
109,000
74,676
12,679
3,522
5,078
465,819
Trusts and foundations
Public funding
Central University
Third sector partners
General and community fundraising
Individual donations
Gift aid
Total income from donations and legacies
Income from charitable activities
Sales within charitable activities
Services provided under contract
Other income
Total income from charitable activities		 Restricted
£
£
143,521
126,475
233,494
84,528
56,765
500
94,786
31,905
6
10,773
-
9,234
-
2,063
528,572
265,478
2023
£
-
90,491
-
90,491
Unrestricted		 2022
Total
£
269,996
318,022
57,265
126,691
10,779
9,234
2,063
794,050
2022
£
100
37,328
8
37,436

4. Income from charitable activities

Income from charitable activities in the current and prior period was unrestricted.

5. Government grants

The charity receives government grants, defined as funding from Oxfordshire County Council, Oxford City Council and National Lottery Community Fund, to fund charitable activities. The total value of such grants in the period ending 31 July 2023 was £95,000 (2022: £199,425). There are no unfulfilled conditions or contingencies attaching to these grants in 2022/23.

14

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

6. Total expenditure

Total expenditure
Staff costs (see note 10)
Other staff costs
Project costs
Grants payable (see note 7)
Office and membership costs
Operation costs
Depreciation
IE fees
Governance
Communication and outreach costs
Bad debt
Travel and accommodation
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
11,373
-
-
-
-
-
-
-
-
-
-
-
11,373
1,804
13,177		 Charitable
activities
£
432,855
-
45,551
50,000
37,659
3,726
4,263
-
-
1,613
-
-
575,667
68,668
644,335		 Support and
governance
costs
£
49,222
12,962
-
-
-
-
-
3,000
1,200
-
4,002
86
70,472
(70,472)
-		 2023 Total
£
493,450
12,962
45,551
50,000
37,659
3,726
4,263
3,000
1,200
1,613
4,002
86
657,512
-
657,512

Total governance costs were £4,200 (2022: £3,080)

15

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

6. Total expenditure (continued) Prior period comparative (restated)

Staff costs (see note 10)
Other staff costs
Project costs
Office and membership costs
Operation costs
Depreciation
IE fees
Communication and outreach costs
Sundry
Travel and accommodation
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
14,478
-
-
-
-
-
-
-
-
-
14,478
1,561
16,039		 Charitable
activities
£
465,904
-
93,294
38,865
10,664
2,421
-
2,270
-
-
613,418
50,248
663,666		 Support and
governance
costs
£
36,893
11,379
-
-
-
-
3,080
-
305
152
51,809
(51,809)
-		 2022 Total
£
517,275
11,379
93,294
38,865
10,664
2,421
3,080
2,270
305
152
679,705
-
679,705

Prior period expenditure has been restated for reclassifications between SoFA headings. Total expenditure is not affected.

16

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

7. Grants payable

During the year, 13 (2022: nil) new grants were awarded to 13 institutions (2022: nil) as part of the Participatory Grant Making programme.

Total grants committed to during the year were as follows:

Grants payable to institutions:
Oxford Clothes Hub
Oxfordshire Breastfeeding Support
Enjoy Fitness
Proud to be me
Dovecote
BLAP
Mindcrafters
OACMA
Oxfordshire Play Association
Cadets - STEM Training
Cricket
Blackbirds
Be Empowered (AfiUK)
Total grants payable to institutions
8.
Grant commitments
Grant commitments brought forward
Grants committed during the period
Grants paid during the period
Grant commitments carried forward
9.
Net movement in funds
This is stated after charging:
Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)		 2023
£
3,000
4,583
3,333
8,333
2,300
3,523
4,800
7,000
750
2,045
4,000
3,000
3,333
50,000
2023
£
-
50,000
(5,341)
44,659
2023
£
4,263
Nil
Nil
2,500		 2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2022
£
-
-
-
-
2022
£
2,421
Nil
Nil
2,567

17

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

10. Staff costs and numbers

Staff costs were as follows:

Staff costs and numbers
Staff costs were as follows:
Salaries and wages
Social security costs
Pension costs
Freelancers		 2023
£
429,548
33,016
19,521
11,365
493,450		 Restated
2022
£
457,659
36,965
14,030
8,621
517,275

Prior year staff costs have been restated to exclude other staff costs of £11,378 which were not employment related benefits.

No employee earned more than £60,000 during the current or prior year.

The key management personnel of the charity comprise the Trustees, Chief Executive Officer, Deputy Chief Executive Officer, Head of Programmes and Head of Community Development. The total employee benefits of the key management personnel were £111,045 (2022: £175,500).

Average head count 2023
No.
22		 2022
No.
26

11. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

18

Oxford Hub

Notes to the financial statements

Notes to the financial statements
For the year ended 31 July 2023
12. Tangible fixed assets
Cost
At 1 August 2022
Additions in year
At 31 July 2023
Depreciation
At 1 August 2022
Charge for the year
At 31 July 2023
Net book value
At 31 July 2023
At 31 July 2022
13. Debtors
Trade debtors
Prepayments
Accrued income
14. Creditors : amounts due within 1 year
Trade creditors
Accruals
Grant commitments (see note 8)
Other taxation and social security
Deferred income (see note 15)
Other creditors		 2023
£
40,705
1,633
-
42,338
2023
£
3,152
3,000
44,659
-
-
3,207
54,018		 Total
£
14,688
4,043
18,731
5,349
4,263
9,612
9,119
9,339
2022
£
9,900
1,808
66,000
77,708
2022
£
14,368
3,030
-
9,638
10,498
3,794
41,328

19

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

15. Deferred income

Deferred income
At 1 August 2022
Deferred during the year
Released during the year
At 31 July 2023		 2023
£
10,498
-
(10,498)
-		 2022
£
192,128
-
(181,630)
10,498

Deferred income related to grant income received in advance of the project start date.

16. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 July 2023
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 July 2022		 £
-
223,836
(44,659)
179,177
£
-
257,369
-
257,369
Restricted
funds
Restricted
funds		 £
9,119
245,334
(9,359)
245,094
£
9,339
297,377
(41,328)
265,388
General
funds
General
funds		 Total
funds
£
9,119
469,170
(54,018)
424,271
Total
funds
£
9,339
554,746
(41,328)
522,757

20

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

17. Movements in funds

Restricted funds
Oxfordshire County Council
Lankelly Chase
Children in Need
Turville Trust
VIP+ funding for staff time
Blagrave Trust
Emmanuel Kay Foundation
Golden Award
M&C Freeman Fund
Oxford City Council
PF Charitable Trust
Pye Settlement
University of Oxford Scholar
Singer Foundation
William Wates
Health Education England
Postcode Society Trust
Rank Foundation
Total restricted funds
Oxfordshire Community
Foundation
Oxford University funding for
Social Enterprise
Oxford University Social
Enterprise Awards
OCC and the Dragon
Christmas Charity Sales
Eleanor Hamilton Trust
Oxford Community
Foundation, St Michael's and
All Saints' Charities, Singer
Foundation, Awards for All
and other small grants
National Lottery Community
Fund
OCC and Singer Foundation
Small grants and donations
for School Plus
Wadr profile funding from
County Council
Active Oxfordshire funding for
Get Active		 At 1 August
2022
£
22,410
(11)
40,727
20,203
9,146
5,875
356
19,602
16,393
7,600
-
1,000
(3)
10,841
9,620
13,217
20,000
4,080
4,500
1,000
1,000
10,000
35,350
4,463
-
-
-
-
-
257,369
 Income
£
-
-
50,000
-
101,050
-
5,482
2,000
7,080
-
5,000
-
-
-
-
40,000
(20,000)
-
45,000
1,000
1,000
-
11,632
-
10,000
9,000
11,286
9,796
10,507
299,833		 £
(22,410)
-
(90,727)
(20,203)
(30,196)
(5,875)
(5,838)
(15,133)
(23,473)
(7,600)
-
(1,000)
-
(10,841)
(9,620)
(13,217)
-
(4,080)
(21,725)
(2,000)
(2,000)
(10,000)
(34,169)
(4,463)
(2,880)
(9,000)
(11,286)
(9,796)
(10,507)
(378,039)
Expenditure		 £
£
-
-
11
-
-
-
-
-
-
80,000
-
-
-
-
-
6,469
-
-
-
-
-
5,000
-
-
3
-
-
-
-
-
-
40,000
-
-
-
-
-
27,775
-
-
-
-
-
-
-
12,813
-
-
-
7,120
-
-
-
-
-
-
-
-
14
179,177
Transfers
between
funds
At 31 July
2023

21

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

17. Movements in funds (continued)

General funds
Total unrestricted funds
Total funds
Unrestricted funds		 265,388
265,388
522,757		 259,193
259,193
559,026		 (279,473)
(279,473)
(657,512)		 (14)
(14)
-		 245,094
245,094
424,271

Purposes of restricted funds

Programmes listed in the above include:

The Community Impact Zone: A collaborative project to create opportunities for children and families in four key wards in East Oxford. Key funders are:

Lankelly Chase Foundation Oxford City Council Health Education England - NHS Oxfordshire County Council Singer Foundation

Fellow: Offering free English lessons to learners in Oxford. Key funders are: M&C Freeman Fund

Oxfordshire Community Foundation

Social Enterprise Awards: Providing start up funding for start up social enterprise projects. The key funder is Oxford University.

Get Active projects: Projects supporting people to get active in their local community. Key funders are: Active Oxfordshire

Oxford City Council

Big Brothers Big Sisters: Providing longer term mentoring relationships to young people. Key funders are:

Children in Need William Wates Eleanor Hamilton Educational Trust

VIP+: Supporting young people to develop skills and enrich their lives through play, education, leisure and cultural activities.

Schools Plus: Helping young people to achieve their academic potential by matching them with university student tutors. Key funders are:

PF Charitable Trust Pye Settlement Postcode Society Trust

22

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

17. Movements in funds (continued) Prior year comparative

Prior year comparative
Restricted funds
Oxfordshire County Council
Lankelly Chase
Children in Need
Turville Trust
VIP+ funding for staff time
DCR Allen Trust
Blagrave Trust
Emmanuel Kay Foundation
Golden Award
M&C Freeman Fund
Oxfordshire City Council
PF Charitable Trust
Pye Settlement
University of Oxford Scholar
Singer Foundation
Total restricted funds
Oxford Community
Foundation, St Michael's and
All Saints' Charities, Singer
Foundation, Awards for All
and other small grants
National Lottery Community
Fund
OCC and Singer Foundation
OCF and OCC funding for
Fellow
Active Oxfordshire funding for
Get Active
Wadr profile funding from
County Council
Oxford University funding for
Social Enterprise
Oxford University Social
Enterprise Awards
OCC and the Dragon
Christmas Charity Sales
Eleanor Hamilton Trust
Small grants and donations
for School Plus		 At 1 August
2021
£
5,750
-
7,986
12,255
11,232
5,770
11,777
356
20,481
6,536
7,600
-
1,298
738
1,584
-
-
-
-
-
-
-
-
-
-
-
93,363
 Income
£
39,985
14,720
170,205
32,000
25,000
-
39,389
-
12,600
21,239
-
2,000
1,000
-
17,483
4,500
12,656
25,000
20,000
4,080
4,500
1,000
1,000
10,000
55,065
15,150
528,572		 £
(23,325)
(14,731)
(137,464)
(24,052)
(27,086)
(5,770)
(45,291)
-
(13,479)
(11,382)
-
(2,000)
(1,298)
(741)
(8,226)
(4,500)
(3,036)
(11,783)
-
-
-
-
-
-
(19,715)
(10,687)
(364,566)
Expenditure		 £
£
-
22,410
-
(11)
-
40,727
-
20,203
-
9,146
-
-
-
5,875
-
356
-
19,602
-
16,393
-
7,600
-
-
-
1,000
-
(3)
-
10,841
-
-
-
9,620
-
13,217
-
20,000
-
4,080
-
4,500
-
1,000
-
1,000
-
10,000
-
35,350
-
4,463
-
257,369
Transfers
between
funds
At 31 July
2022

23

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2023

17. Movements in funds (continued) Prior year comparative


Prior year comparative
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 273,973
273,973
367,336		 306,554
306,554
835,126		 (315,139)
(315,139)
(679,705)		 -
-
-		 265,388
265,388
522,757

18. Related party transactions

There were no related party transactions in the current or prior period.

24