## **Headington Community Association**
**Registered Charity Number 1020897**
**Accounts for the year ended 31[st] December 2024**
## **Trustees’ Report**
The Trustees have pleasure in presenting their report for the year ended 31[st] December 2024
**Page 1**
**Headington Community Association**
## **Legal Status**
The Association is a charity [registration number 1020897]
## **Objects and Activities**
The objects of the Association are to provide welfare for the people of the Headington area of Oxford.
Activities are centred on the Community Centre, which is provided by Oxford City Council.
During the year the Association made a loss of (£2572.27)
## **Principal Address**
Headington Community Centre 39 Gladstone Road Headington Oxford 0X3 8LL
## **Trustees**
The management committee of the Association acts as the Charity’s Trustees for their period in office. During the year under review these were: -
**Chair Mrs Tanya Field Treasurer Mrs Claire Watts-Oliver Secretary Ms Rosalind Claire Rogers HCA Administrator Mrs Carmen Green**
**Committee:-**
**Ms Trish Elphinstone Ms Rosalind Claire Rogers**
**Trustees’ Report [continued]**
## **Trustees’ responsibilities with regard to the accounts**
**Page 2**
**Headington Community Association**
Charity law requires the Trustees to prepare the accounts for each financial year, which give a true and fair view of the state of affairs of the Association at its year-end and the surplus or deficit of the Association for that year. In preparing those accounts the Trustees are required to;
Select suitable accounting policies and then apply them consistently; Make judgments and estimates that are reasonable and prudent
Follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Association and enable them to ensure that the accounts comply with regulations. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Funds**
The Base Reward account balance was £20,637.38 as of 31[st] December 2024
## **The Trustees’ Report was signed on behalf of the Trustees**
## **Mrs Carmen Green – HCA Administrator**
**Page 3**
## **INCOME AND EXPENDITURE HEADINGTON COMMUNITY ASSOCIATION**
|**INCOME**
LONG TERM LETS
SHORT TERM LETS
GRANTS/FUNDRAISING
MISCELLANEOUS
**TOTAL**
**EXPENDITURE**
DONATIONS*
WAGES
HEATING AND LIGHTING
REPAIRS AND MAINTENANCE
WATER RATES
OFFICE EXPENSES
LOCK UP
PERFORMING RIGHTS SOCIETY
MISC/SUNDRIES
EQUIPMENT
INSURANCE
INLAND REVENUE
DOMESTIC RATES BILL
DEPRECIATION OF FIXTURES
DEPRECIATION OF EQUIPMENT
TAXI FARES
**TOTAL**
**INCOME VS EXPENDITURE**|**2023**
£19,234.40
£2,352.20
£0.00
£500.00
£22,086.60
£830.33
£10,872.58
£1,797.69
£2,268.00
£486.24
£435.72
£0.00
£154.80
£1,740.03
£82.00
£605.01
£370.44
£192.00
£260.58
£201.28
£0.00
**£20,296.70**
**£1,789.90**|**2024**
£19,034.25
£2,093.50
£0.00
£0.00|
|---|---|---|
|||£21,127.75|
|||£602.50
£11,843.70
£4,756.64
£253.28
£673.14
£596.09
£0.00
£162.00
£3,447.37
£66.26
£605.01
£121.02
£187.12
£208.46
£177.43
£0.00|
|||**£23,700.02**|
||||
||**£1,789.90**|**-£2,572.27**|
**Page 4**
|**ASSETS**|||||||
|---|---|---|---|---|---|---|
|NET BOOK VALUE AT 1ST JAN 2024
ADDITIONS
DEPRECIATION @ 20%
NET BOOK VALUE AT 31ST DEC 2024||**FIXTURES**
1,042.31
0.00
208.46
833.85||**EQUIPMENT**
£887.14
£0.00
£177.43
£709.71||**TOTAL**|
|||1,042.31||£887.14|£1,929.45||
||||||£0.00
£385.89||
|||833.85||£709.71|£1,543.56||
## **Note**
The Community Association also hold a deposit account for money held until the event has taken place, in case of any damage. The balance of this account on 31 December 2024 was £1750.78
**Page 5**
## **Headington Community Association Accounting Policies for the year ended 31[st] December 2024**
The following policies have been applied consistently in dealing with items which are considered material in relation to the Charity’s accounts.
## **Accounting convention**
The accounts have been prepared under the historical cost convention.
## **Depreciation**
Depreciation is provided using the following rates and bases, which reflect the anticipated useful lives of the assets and their residual value:
Fixtures and fittings 20% Reducing balance Equipment 20% Reducing balance
Profits or losses arising on the disposal of fixed assets are adjusted in the depreciation charge for the year.
## **Cash flow statement**
The accounts do not include a cash flow statement, because the Charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard I
## **Compliance with accounting standards**
The accounts have been prepared in accordance with applicable accounting standards.
**Page 6**
## **Notes for 2024**
EON next – Energy ombudsmen dispute on bill backdated - £18,590.35 was debited in July Ombudsmen ruled in our favour due to EON system error meaning previous monthly direct debits did not fulfil, leaving the large outstanding balance.
Money was returned (after protracted discussions) and an agreed payment plan now in place with 0% over 3 years to allow an even repayment schedule.
DF Williams cleaning added to Misc and Sundries Nest pension payments also added
**Page 7**
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