REGISTERED CHARITY NUMBER: 1195696
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 FOR OXFORD PROCESS CIO
OXFORD PROCESS CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 |
Page 2
OXFORD PROCESS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1195696
Principal address
39 Lancaster Grove London NW3 4HB
Trustees
J Levy J Winser R Dedman
Independent examiner
Sheppards Chartered Accountants Suite A, 2nd Floor Kennedy House 31 Stamford Street Altrincham Cheshire WA14 1ES
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a Charitable Incorporated Organisation and it is controlled by its Constitution which is its governing document.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives
The objects of the charity are:
For the benefit of the public, the promotion of conflict prevention, resolution and reconciliation within and between communities in any part of the world, in particular but not exclusively by:
-
a. promoting dialogue and providing mediation services for persons or groups involved in conflict;
-
b. advancing the education and training of the public, and practitioners, about conflict resolution and reconciliation; and
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c. promoting respect, tolerance and understanding between groups who are or may be subject to conflict.
Approved by order of the board of trustees on 24 October 2023 and signed on its behalf by:
J Levy - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD PROCESS CIO
I report on the accounts for the year ended 31st December 2022, which are set out on pages three to seven.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
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that the accounts do not accord with those records; or
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that the accounts do not comply with the accounting requirements of the Act; or
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that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Charles Levine FCA Sheppards Chartered Accountants Suite A, 2nd Floor Kennedy House 31 Stamford Street Altrincham Cheshire WA14 1ES
24 October 2023
Page 4
OXFORD PROCESS CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Total incoming resources RESOURCES EXPENDED Costs of generating funds Support costs Total resources expended NET INCOMING/(OUTGOING) RESOURCES Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted 2022 2021 funds funds Total funds Total funds £ £ £ £ 174,825 30,000 204,825 27,700 9,338 - 9,338 18,870 |
|---|---|
| 184,163 30,000 214,163 46,570 431 - 431 6,325 26,224 46,466 72,690 37,222 |
|
| 26,655 46,466 73,121 43,547 |
|
| 157,508 (16,466) 141,042 3,023 (16,466) 16,466 - - |
|
| 141,042 - 141,042 3,023 15,561 - 15,561 12,538 |
|
| 156,603 - 156,603 15,561 |
Page 5
OXFORD PROCESS CIO
BALANCE SHEET AT 31 DECEMBER 2022
| Notes CURRENT ASSETS Cash in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted Restricted 2022 2021 funds funds Total funds Total funds £ £ £ £ 156,603 - 156,603 15,561 |
Unrestricted Restricted 2022 2021 funds funds Total funds Total funds £ £ £ £ 156,603 - 156,603 15,561 |
|---|---|---|
| 156,603 - |
156,603 15,561 |
|
| 156,603 - |
156,603 15,561 |
|
| 156,603 - |
156,603 15,561 |
|
| 156,603 15,561 - - |
||
| 156,603 15,561 |
The financial statements were approved by the Board of Trustees on 24 October 2023 and were signed on its behalf by:
J Levy - Trustee
The notes form part of these financial statements
Page 6
OXFORD PROCESS CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared on a receipts and payments basis, and in accordance with the Charities Act 2011.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. ACTIVITIES FOR GENERATING FUNDS
| Delegates course fees | 2022 2021 £ £ 9,338 18,870 |
|---|---|
3.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
4.
MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net Transfers movement between At 1/1/22 in funds funds At 31/12/22 £ £ £ £ 15,561 157,508 (16,466) 141,042 - (16,466) 16,466 - |
|---|---|
| 15,561 141,042 - 141,042 |
Page 7
OXFORD PROCESS CIO
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Net movement in funds, included in the above are as follows: | |||
|---|---|---|---|
| Incoming | Resources Movement | ||
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 184,163 | (26,655) | 157,508 |
| Restricted funds | |||
| Restricted fund | 30,000 | (46,466) | (16,466) |
| TOTAL FUNDS | 214,163 | (73,121) | 141,042 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | |||
| At 1/1/21 | in funds At 31/12/21 | ||
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,538 | 3,023 | 15,561 |
| Restricted funds | |||
| Restricted fund | - | - | - |
| TOTAL FUNDS | 12,538 | 3,023 | 15,561 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources Movement | ||
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 46,570 | (43,547) | 3,023 |
| Restricted funds | |||
| Restricted fund | - | - | - |
| TOTAL FUNDS | 46,570 | (43,547) | 3,023 |
Page 8
OXFORD PROCESS CIO
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
4. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net movement At 1/1/21 in funds At 31/12/22 £ £ £ 12,538 160,531 173,069 - (16,466) (16,466) |
|---|---|
| 12,538 144,065 156,603 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 230,733 (70,202) 160,531 30,000 (46,466) (16,466) |
|---|---|
| 260,733 (116,668) 144,065 |
Page 9
OXFORD PROCESS CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOMING RESOURCES Voluntary income Donations Gift aid Activities for generating funds Delegates course fees Total incoming resources RESOURCES EXPENDED Costs of generating funds Hosting events and meets Support costs Consultancy costs - restricted funds Travel and subsistence Attending events Books and publications Consultancy costs - unrestricted funds Websites and other computer expenses Sundries Bank charges Total resources expended Net income/(expenditure) |
2022 2021 £ £ 195,275 27,700 9,550 - |
|---|---|
| 204,825 27,700 9,338 18,870 |
|
| 214,163 46,570 431 6,325 |
|
| 431 6,325 46,466 - 3,336 - 51 42 1,015 631 20,114 34,795 1,287 1,437 337 233 84 84 |
|
| 72,690 37,222 |
|
| 73,121 43,547 |
|
| 141,042 3,023 |
Page 10
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