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2024-07-31-accounts

Charity no. 1180505

Oxford Hub Report and Unaudited Financial Statements 31 July 2024

Oxford Hub

Reference and administrative details

Reference and administrative details Reference and administrative details
For the year ended 31 July 2024
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
Rosalind Mary Goates Appointed 8 April 2024
Cidalia Gray
Amelia Papworth
Amanda Poole Resigned 12 November 2023
Rebecca Vallins
Jack Wands
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 2024

The trustees present their annual report and financial statements for the year ended 31 July 2024.

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 2023/24, 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 paid out grants totalling £37,659 to community organisations in socially disadvantaged communities in Oxfordshire.

2

Oxford Hub

Report of the trustees

For the year ended 31 July 2024

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 2023/24. You can read this on our website.

Highlights include:

Financial review

Oxford Hub raises funds from a wide range of sources with our principal funders in 2023-24 including Oxford City Council, Oxford University, South East Oxford Health Alliance, Lankelly Chase Foundation, The Emmanuel Kaye Foundation, The National Lottery Awards for All, Well Together Fund, Helen Roll Charity, Singer Foundation, Eleanor Hamilton Educational Trust, Swire Charitable Trust, and the William Wates Memorial Trust.

3

Oxford Hub

Report of the trustees

For the year ended 31 July 2024

At the end of the year our reserves amounted to £462,475 (2023: £424,271) of which £146,781 (2023: £179,177) is restricted and £315,694 (2023: £245,094) is unrestricted. Of this, £80,699 has been designated for the purposes shown in note 17 to the accounts. The total for restricted funds includes grants which were received near the end of 2023/24. These will be used to support our activities in 2024/25, including for participatory grant making and our Windale Community Hub (see note 17).

Our total funds were represented by fixed assets of £10,699 (2023: £9,119) and net current assets of £451,776 (2023: £415,152), which included current short-term liabilities of £42,154 (2023: £54,018). As of 31 July 2024, the charity had no long-term liabilities.

Oxford Hub trustees review the cashflow and level of reserves each quarter, and seek to maintain a minimum level of unrestricted reserves equivalent to 4 months' spend. The trustees also review the budget plans should unrestricted reserves reach over 6 months' spend. Trustees will review this policy annually.

In 2023-24, Oxford Hub’s target was to hold a minimum of £188,000 in unrestricted reserves, which has been met.

Oxford Hub has strong relationships with supportive repeat funders. Building on this, we are looking for more committed long-term funding to allow us to plan further ahead and to mitigate the risk that any loss of current funders could cause a shortfall in resources.

Plans for future periods

We are the hub of community organising in Oxford, working together to build a better Oxford by tackling inequalities of health, education and opportunity.

Our vision: Everyone in Oxford has the opportunity to achieve their full potential in life.

Our mission: To support, equip and empower people to tackle inequalities of health, education and opportunity, with a focus on where the need and opportunity to make a difference is greatest.

Our values: Collaborative, Ambitious, Resourceful, Empowering.

4

Oxford Hub

Report of the trustees

For the year ended 31 July 2024

Our approach:

Impact goals for next year:

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.

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:

5

Oxford Hub

Report of the trustees

For the year ended 31 July 2024

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.

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:

6

Oxford Hub

Report of the trustees

For the year ended 31 July 2024

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.

Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. 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 re-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 14 November 2024 and signed on their behalf by

Lynn Featherstone

Lynn Featherstone - Chair

Martin Cattermole

Martin Cattermole - Treasurer

7

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 2024, which are set out on pages 9 to 25.

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.

Dougal Howard

Date: 14 November 2024 Dougal Howard 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

8

Oxford Hub

Statement of financial activities

For the year ended 31 July 2024

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
£
£
295,156
214,825
-
122,016
-
1,340
-
8,837
295,156
347,018
-
12,720
327,552
263,698
327,552
276,418
(32,396)
70,600
-
-
(32,396)
70,600
179,177
245,094
146,781
315,694		 2024
Total
£
509,981
122,016
1,340
8,837
642,174
12,720
591,250
603,970
38,204
-
38,204
424,271
462,475		 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

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.

9

Oxford Hub

Balance sheet

As at 31 July 2024

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Current asset investments
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:
Designated funds
General funds
Total charity funds		 £
37,251
199,508
257,171
493,930
42,154		 2024
£
10,699
451,776
462,475
146,781
80,699
234,995
462,475		 2023
£
9,119
42,338
-
426,832
469,170
54,018
415,152
424,271
179,177
-
245,094
424,271

Approved by the trustees on 14 November 2024 and signed on their behalf by

Lynn Featherstone

Lynn Featherstone - Chair

Martin Cattermole

Martin Cattermole - Treasurer

10

Oxford Hub

Statement of cash flows

For the year ended 31 July 2024

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease in debtors
(Decrease) / increase in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Net cash provided by / (used in) investing activities
Increase / (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
Cash and cash equivalents comprises:
Current asset investments
Cash at bank and in hand		 2024
£
38,204
4,003
(8,837)
5,087
(11,864)
26,593
8,837
(5,583)
3,254
29,847
426,832
456,679
199,508
257,171
456,679		 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
-
426,832
426,832

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

11

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

1. Accounting policies a) General information and basis of preparation

Oxford Hub is a Charitable Incorporated Organisation registered in England and Wales. The registered office address is 36 Little Clarendon Street, Oxford, OX1 2HU.

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.

Income received in advance of the recognised start date of grant award is deferred until criteria for income recognition are met.

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.

12

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

1. Accounting policies (continued)

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.

g) Grants payable

Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).

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:

2024 2023
Raising funds 2% 3%
Charitable activities 98% 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) Current asset investments

Current asset investments consist of balances held on deposit in interest bearing accounts. Such investments are measured at their fair value.

l) 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.

13

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

1. Accounting policies (continued)

m) 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.

n) 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.

o) 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.

p) 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.

There are no sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

14

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Transfers between funds
Net movement in funds
3.
Income from donations and legacies
Trusts and foundations
Public funding
Central University
General and community fundraising
Individual donations
Colleges and departments
Total income from donations and legacies
Net income / (expenditure)		 Restricted
£
£
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)
Restricted
£
£
213,952
172,217
49,009
9
32,195
31,116
-
1,915
-
7,568
-
2,000
295,156
214,825
Unrestricted
Unrestricted		 2023
Total
£
465,819
90,491
1,400
1,316
559,026
13,177
644,335
657,512
(98,486)
-
(98,486)
2024
Total
£
386,169
49,018
63,311
1,915
7,568
2,000
509,981

15

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

3. Income from donations and legacies (continued) 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
Income from charitable activities
Services provided under contract
Total income from charitable activities		 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
2024
£
122,016
122,016
Unrestricted		 2023
Total
£
260,864
109,000
74,676
12,679
3,522
5,078
465,819
2023
£
90,491
90,491

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 2024 was £48,999 (2023: £95,000). There are no unfulfilled conditions or contingencies attaching to these grants in 2023/24.

16

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

6. Total expenditure

Total expenditure
Staff costs (see note 10)
Other staff costs
Project costs
Office and membership costs
Operation costs
Depreciation
IE fees
Governance
Professional fees
Communication and outreach costs
Travel and accommodation
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
11,118
-
-
-
-
-
-
-
-
-
-
11,118
1,602
12,720		 Charitable
activities
£
435,697
-
42,524
39,469
4,314
4,003
-
-
-
2,478
-
528,485
62,765
591,250		 Support and
governance
costs
£
40,621
14,600
-
-
-
-
3,240
1,416
3,862
-
628
64,367
(64,367)
-		 2024 Total
£
487,436
14,600
42,524
39,469
4,314
4,003
3,240
1,416
3,862
2,478
628
603,970
-
603,970

Total governance costs were £2,700 (2023: £4,200).

17

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

6. Total expenditure (continued) Prior period comparative

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

18

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

7. Grants payable

In the year ended 31 July 2023, 13 grants were awarded to 13 institutions as part of the Participatory Grant Making programme. There were no new grants awarded in the year ended 31 July 2024.

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)		 2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
£
44,659
-
(37,659)
7,000
2024
£
4,003
Nil
59
2,700		 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

During the year one trustee (2023: none) was reimbursed for travel expenses.

19

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

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		 2024
£
423,886
32,801
19,528
11,221
487,436		 2023
£
429,548
33,016
19,521
11,365
493,450

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 £157,029 (2023: £111,045).

Average head count 2024
No.
18		 2023
No.
22

11. Taxation

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

20

Oxford Hub

Notes to the financial statements

Notes to the financial statements
For the year ended 31 July 2024
12. Tangible fixed assets
Cost
At 1 August 2023
Additions in year
At 31 July 2024
Depreciation
At 1 August 2023
Charge for the year
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023
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		 2024
£
24,473
2,954
9,824
37,251
2024
£
1,866
5,103
7,000
5,473
20,000
2,712
42,154		 Total
£
18,731
5,583
24,314
9,612
4,003
13,615
10,699
9,119
2023
£
40,705
1,633
-
42,338
2023
£
3,152
3,000
44,659
-
-
3,207
54,018

21

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

15. Deferred income

Deferred income
At 1 August 2023
Deferred during the year
Released during the year
At 31 July 2024		 2024
£
-
20,000
-
20,000		 2023
£
10,498
-
(10,498)
-

Deferred income relates 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 2024
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 July 2023		 £
-
173,781
(27,000)
146,781
Restricted
funds		 Designated
funds
£
10,699
70,000
-
80,699
£
-
223,836
(44,659)
179,177
Restricted
funds		 £
-
250,149
(15,154)
234,995
£
9,119
245,334
(9,359)
245,094
General
funds
General
funds		 Total
funds
£
10,699
493,930
(42,154)
462,475
Total
funds
£
9,119
469,170
(54,018)
424,271

22

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

17. Movements in funds

Restricted funds
Big Brothers Big Sisters
Community Impact Zone
Fellow
Marmalade Expenses
Parent Power
Schools Plus
Social Enterprise
Social Prescribing
Student Exec and
Scholars Support
Total restricted funds
Designated funds
Building access improvement
Programme development
Fixed asset fund
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 August
2023
£
12,121
64,971
12,967
-
69,836
-
5,976
-
13,306
179,177
-
-
-
-
245,094
245,094
424,271		 Income
£
39,190
174,433
19,999
1,920
-
14,668
-
15,726
29,220
295,156
-
-
-
-
347,018
347,018
642,174		 £
(43,534)
(100,400)
(32,966)
(1,920)
(69,836)
(14,668)
(5,976)
(15,726)
(42,526)
(327,552)
-
-
-
-
(276,418)
(276,418)
(603,970)
Expenditure		 £
-
-
-
-
-
-
-
-
-
-
20,000
50,000
10,699
80,699
(80,699)
-
-
Transfers
between
funds		 £
7,777
139,004
-
-
-
-
-
-
-
At 31 July
2024
146,781
20,000
50,000
10,699
80,699
234,995
315,694
462,475

Purposes of restricted funds

Programmes listed in the above include:

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

William Wates Memorial Trust Swire Charitable Trust Eleanor Hamilton Educational Trust Helen Roll Charity Masonic Charitable Foundation Children in Need Pye Charitable Settlement Oxford University Community Grant

23

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

17. Movements in funds (continued)

Purposes of restricted funds (continued)

The Community Impact Zone: A collaborative project to create opportunities for children and families in four key wards in East Oxford, which includes our Windale Community Hub that opened in September 2023. Key funders are:

Lankelly Chase Foundation Oxford City Council Singer Foundation Blackbird Leys Parish Council Well Together

Fellow: Offering free English lessons to learners in Oxford. Key funders are: National Lottery Awards for All Lankelly Chase Foundation

Marmalade Expenses: We supported the annual Oxford Marmalade Festival which brings people together around social innovation and social justice. www.marmalade.io. Key funders are: Lankelly Chase Foundation

Parent Power: Bringing parents together to support each other, enabling families to lead their best lives and achieve their goals. Key funders are: Emmanuel Kaye Foundation Oxford City Council

Schools Plus: Helping young people to achieve their academic potential by matching them with university student tutors. Key funders are: Atlantic Institute M&C Freeman Fund PF Charitable Trust Doris Field Charitable Trust Robert and Margaret Moss Charitable Trust

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

Social Prescribing: Our social prescribing team have supported people referred by the NHS, and develop activities that promote wellbeing. In addition to our NHS contract, key funders are: Community Impact Bucks (CIB)

Lankelly Chase Foundation

Student Exec and Scholars Support: Supporting Crankstart Scholars at Oxford University to take part in volunteering. Key funders are: Lankelly Chase Foundation University of Oxford Scholar

24

Oxford Hub

Notes to the financial statements

For the year ended 31 July 2024

17. Movements in funds (continued)

Purposes of designated funds

Building access improvement: For access improvements to buildings.

Programme development: Development of existing programmes including but not limited to participatory grant making.

Fixed asset fund: This represents the net book value of the charity's fixed assets. Future transfers to general funds will relate to the movement in fixed asset carrying value in the year.

Prior year comparative (restated)

Restricted funds
Active Reach
Big Brother Big Sister
Bridge Builders
Community Impact Zone
Community/Social Enterprise
Fellow
Parent Power
Participatory Grant Making
Schools Plus
Social Prescribing
Student Exec and
VIP+
Other small grants
Total restricted funds
General funds
Total unrestricted funds
Total funds
Skilled Placements and
Young Trustee
Unrestricted funds		 At 1 August
2022
£
10,375
16,393
20,000
43,812
19,958
4,080
13,217
-
3,000
9,620
48,327
35,350
10,841
22,396
257,369
265,388
265,388
522,757		 Income
£
-
22,080
(20,000)
54,000
7,482
10,000
142,336
50,000
11,796
-
-
11,632
-
10,507
299,833
259,193
259,193
559,026		 £
(10,375)
(26,352)
-
(32,841)
(21,464)
(1,113)
(85,717)
(50,000)
(14,796)
(9,620)
(48,327)
(33,676)
(10,841)
(32,917)
(378,039)
(279,473)
(279,473)
(657,512)
Expenditure		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
14
14
(14)
(14)
-
Transfers
between
funds		 £
-
12,121
-
64,971
5,976
12,967
69,836
-
-
-
-
13,306
-
-
At 31 July
2023
179,177
245,094
245,094
424,271

Prior year movements in funds have been restated to present restricted funds by project rather than by funder. This is a presentational restatement only.

18. Related party transactions

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

25