REGISTERED CHARITY NUMBER: 1195696
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR OXFORD PROCESS CIO
OXFORD PROCESS CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 3 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 9 |
| Detailed Statement of Financial Activities | 10 |
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OXFORD PROCESS CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1195696
Principal address
39 Lancaster Grove London NW3 4HB
Trustees
J Levy J Winser (resigned 07/05/2024) R Dedman (resigned 06/05/2024) G Rifkind (appointed 09/05/2024) A Levy (appointed 11/06/2024)
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.
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OXFORD PROCESS CIO
REPORT OF THE TRUSTEES (cont.) FOR THE YEAR ENDED 31 DECEMBER 2023
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;
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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 16 October 2024 and signed on its behalf by:
J Levy - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD PROCESS CIO
I report on the accounts for the year ended 31st December 2023, 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
16 October 2024
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OXFORD PROCESS CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Notes
INCOMING RESOURCES
Incoming resources from generated funds
-
Voluntary income 41,271 41,271 204,825
Activities for generating funds 750 - 750 9,338
-
Total incoming resources 42,021 42,021 214,163
RESOURCES EXPENDED
Costs of generating funds - - - 431
-
Support costs 89,595 89,595 72,690
-
Total resources expended 89,595 89,595 73,121
-
NET INCOMING/(OUTGOING) RESOURCES (47,574) (47,574) 141,042
Transfers between funds - - - -
Net movement in funds (47,574) - (47,574) 141,042
RECONCILIATION OF FUNDS
-
Total funds brought forward 156,603 156,603 15,561
TOTAL FUNDS CARRIED FORWARD 109,029 - 109,029 156,603
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OXFORD PROCESS CIO
BALANCE SHEET AT 31 DECEMBER 2023
----- Start of picture text -----
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Notes
CURRENT ASSETS
Cash in hand 109,029 - 109,029 156,603
NET CURRENT ASSETS 109,029 - 109,029 156,603
TOTAL ASSETS LESS CURRENT LIABILITIES 109,029 - 109,029 156,603
NET ASSETS 109,029 - 109,029 156,603
FUNDS
Unrestricted funds 109,029 156,603
Restricted funds - -
TOTAL FUNDS 109,029 156,603
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The financial statements were approved by the Board of Trustees on 16 October 2024 and were signed on its behalf by:
J Levy - Trustee
The notes form part of these financial statements
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OXFORD PROCESS CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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 | 2023 2022 £ £ 750 9,338 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
4.
MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net Transfers movement between At 1/1/23 in funds funds At 31/12/23 £ £ £ £ 156,603 (47,574) - 109,029 - - - - 156,603 (47,574) - 109,029 |
|---|---|
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OXFORD PROCESS CIO
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund |
Incoming Resources Movement resources expended in funds £ £ £ 42,021 (89,595) (47,574) - - - |
|---|---|
| TOTAL FUNDS | 42,021 (89,595) (47,574) |
| Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted fund |
Net Transfers movement between At 1/1/22 in funds funds At 31/12/22 £ £ £ £ 15,561 157,508 (16,466) 156,603 - (16,466) 16,466 - |
| TOTAL FUNDS | 15,561 141,042 - 156,603 |
| Comparative 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 |
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OXFORD PROCESS CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
2023 2022
£ £
INCOMING RESOURCES
Voluntary income
Donations 17,940 195,275
Gift aid 23,331 9,550
41,271 204,825
Activities for generating funds
Delegates course fees 750 9,338
Total incoming resources 42,021 214,163
RESOURCES EXPENDED
Costs of generating funds
Hosting events and meets - 431
- 431
Support costs
-
Consultancy costs - restricted funds 46,466
Travel and subsistence 2,771 3,336
Attending events - 51
Books and publications 935 1,015
Consultancy costs - unrestricted funds 84,325 20,114
Websites and other computer expenses 1,390 1,287
Sundries 90 337
Bank charges 84 84
89,595 72,690
Total resources expended 89,595 73,121
Net income/(expenditure) (47,574) 141,042
----- End of picture text -----
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Issuer
Sheppards Chartered Accountants
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