2024-03-31-accounts

RTHEY

USTEES, ANNLTAL FNDED 31 Regi8tered CknityNwnber 2T12524 StaDJS Principal Add￿S 51 Hi8hfi¢ld 14oe Cox Gre¢tt sth 3AX Thistets at the d of th[6 r¢ Mr. Juliw Russ¢ll Cojnmvtyry As80ciation MT5. Ruby L)uglLty Mrs. J¢nttifer H(op Mr. Robert Winlo Diocese of Oxford Dioces¢ of Oxford All the Th￿t¢¢• wv¢d throu8hout the ￿r. The Tnjstets tre ppoind by thebodies shovrn accordin8 LO their OWD intern41 proc￿¢8 over whi¢h the Centre has tto intluMcc. The appoitirillgbodie8 tte rupti￿]ble for the induclion and tytDin8 of th¢ir Tn￿le￿. Tnjst D¢e4 dawd 15 De¢¢mber 1978. Obje4ts olthr Ch&rity Forthc bcoefit of the IDbth"tants of Cox Greell in the County of Bethhir¢ and its irnm¢dia nei8hi¥)utbood withoyt di#itt¢lloD of sex orpoliti￿. [dI￿.0￿$ or other opinioDS by ￿5￿latin$ th¢ tml Authoriti¢s. VDluntsry(kgMbiMtion¥ md Inhabit￿ts iti i comm ctTort kn advancc FAluclll>)D and Reli8iOD. To pmvide f¥ilities for qnd leisure ttme ocawation with the obj'rxt of iDVOTrID8 the ¢ooditton8 of lif¢ of the 6Aid solici￿18 268 Bath Ro S]￿l￿b SLI 4DX Cwetation Vith other charitie8 Cox Green Conllrnmity As6riatiom1265963) and Vict Hall Tr￿St (264285) both have similarobjectives, i.e. Yor the be￿fit of the ¢•n)tnW Cf Cox Green" (i)

COX GREEN COMMUNITY CENTRE TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2024

ORGANISATION

The Trustees meet annually to review the Charity’s activities. Authority is delegated to the Management Committee which meets every three months. Responsibility for day to day operations at the Community Centre is delegated, as appropriate, to the Duty Manager and the Centre’s Staff.

RESERVES

It is the policy of the Charity to maintain free reserves which, after taking into consideration the required asset base at the Community Centre, are sufficient to service the objects of the Charity. The Centre's running costs are largely fixed and its income variable, necessitating that these reserves be held at a relatively high level. Purchases of capital equipment are financed out of existing cash deposits, and from grants and donations.

Restricted reserves consist of the portion of net book values of capital items for which specified funding was received, surpluses built up by the Pre School Activity in previous years, which can be used only for activities benefiting children and young people, and the unspent balances on grants and donations made for specific purposes. At the 31[st] March 2024 these reserves were made up as follows :

Net book value of the funded portion of cooker, toilets and other equipment Pre School, Summer Camp and Newsletter surpluses Net book value of funded portion of new entrance	£ 10,539 45,582 27,142
	83,263

The net book values do not represent a future cash commitment.

RISK MANAGEMENT POLICIES

The Charity has accepted the risk management policies of the Local Authority. Major risks to the Charity’s income can arise from a dramatic reduction in Hall Hires, as was seen during the Covid pandemic. Indications are that bookings have largely recovered, although the market remains volatile. Asset risks are mitigated by comprehensive insurance cover and by regular health and safety assessments. Financial and administrative controls are operated to provide security against the possibility of fraud.

INVESTMENT POWERS

The Trustees have powers under the Trust Deed to make investments at their absolute discretion, as they think fit.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The law applicable to charities in England and Wales requires the Trustees to prepare for each financial year financial statements which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to :

• select suitable accounting policies and apply them consistently

• make judgements and estimates that are reasonable and prudent

• state whether applicable accounting standards, statements of recommended practice, and the guidance

• published by the Charities Commission have been followed subject to any departures disclosed and explained in the financial statements

• prepare the financial statements on the going concern basis unless it is inappropriate to presume

• that the Charity will continue in business

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities’ Act 2011. They are also responsible for safeguarding the assets of the Charity.

(2)

TRU RT put iti to adai¢v¢ thi& come. (31

THE TRUS OF I ollth¢ of th¢Trust tsthc y￿rt￿d 31 Mu¢h2024 wbKh•xes#owt onpa8r6 5 to 14. Th¢ tharity'b ttU5te¢8 ¢￿￿IdC1thaI m wJditi500trwllrcd f￿ thisywurtdus¢cti(fft 14412)ofth¢awiti¢8 2011 (th¢ 2011 AGtI aDd that 4ll 1DdqJ￿dellt exwDinatiffl is ntedd The Chan"tys was £183,427 and I Ell8l￿d & Wales. Iti& myTtsponsibi]ity to.. uuder se¢tion 145 ofth¢2011 M" 1451JXb}ofthc 2011 A¢¢ and examtllatioll ifvchth a review of the Ywdl ktpt by thc dttity of the the e%rydet￿ that would be r4uirtsJ iti ￿ Auth"i Athd tytDiOtt is ￿Vell At to whtthet the tt¢¢thJnts prutht a.th￿4ttd f4ir and 1$ limitd ty th(r nttaS Sd Wl Tll th¢8WH￿t Wmv. to ketpaccwntinBIe￿th arekrytifj acoyd￿ttwIth IJO ofth¢2011 A4. of the2011 A¢t baveTh)tbeell ( to be￿￿h￿. Chrtstoph¢r SdlaTT MEDerolTbe InthttofCh•rttred Atmwr￿ts1• E•nd & W• GTey Green i¢ Ch4riEredA¢covDtsu¢l 268 Bath R￿d Slough. Ber￿ SLI 4DX 6Z£t (4)

X GREEN CO ENDED 31st MAR 2024 024 02 bc Volwltary Income Activitics fot gcnerating fim(Ls Investsnmi income Jncome from charitsble activities io IOJ21 6.857 41.459 11789 1.195 12.799 11.716 6.857 152.055 19.887 10.968 2.016 158.368 10,12 12 110.596 58.847 124.580 183427 191.239 Costs of activities for generating fiuJds Costs (pf ¢haritsbk a¢ti%?ti¢8 OovernaDce costs 13 14.15 8.494 40,478 1.479 137,147 9,973 177,625 1.800 189J98 10.678 170,784 1,5LKI 182,962 50,772 138,626 Net iA¢omiDgl(outgoiDg) resources before traTL4fers Transfers between fth CaiDI(1088) on reyaluotion of 8.075 -14.046 -5,971 8,277 46 -86 -1,447 BalBnec brou8ht forward 1st April 2023 238,699 103,S59 342,258 335,428 Balan¢¢ carried fotward at 31st Mar¢h 2024 246,688 89,513 336,201 342,258 There were no yitis or k)88¢8 other the resuh for the y¢arwlicb rel•t￿ entirely to continui1￿ operations. (5)

133.918 26,018 159936 79.199 2W.472 5ffj16 1407 IX012 5.442 5J86 1.612 185,435 3.058 1215 197571 153J09 -17.680 -15249 135.r29 3362OI 182J22 342258 PIET BAlan¢¢ at 1st 2023 138.699 7989 228,(Y20 10.679 fJ263 6250 89513 103J59 336201 342258 B.l.L Ad (6)

TATEMENT F FINAN cc uNrING POLICIES R¢prfttg by Cb•rfii¢s {revi8eAJ 2WJ5). ath flow $t4t¢m¢ttt on the th•t it 4￿￿lfie •$ • •n•ll thity. 'blr Fixcd Assets and The ChBrity does ttot C4)itAliae equIpn￿l ¢04ittg Iw than £5W. Provision ford¢pr￿l&lllTh of Fixa Assets held for use by the Charity is rna& at ar￿ll￿1 rateB calculated to spread the Cost of tach &￿1 ovtr 1¢$ expected life. The depreciati￿ r&t&s eumtly use v between 2V• for th¢ pri￿1paI buildw md 34% for •wipm¢Di 4 strlithi lin¢ bJ8i& All nonp8pecifi¢ overheads aTe a￿7r￿e4 b¢twtto Costs of G￿￿[al￿g Aclivtties 8nd CostB of Charitable AdivitirA. MoDo8eTr¢n¢ ond Admini￿ Co#$ ar¢ Bppwtion¢d w th¢ bwsis of¢5tirnatrd time ¢rnploy¢d by the relev￿1 5t8ff. F¥ilitt"¢s Costs •re apwJrtiODed C￿ th¢ of orootiOTwJ Hail Hire ¢horges. The atnouttts ore shown iti Notes 16 ￿ 17. R¢nts15 applicablt to opeTr)ng leaw Whe￿ wbstwrttalty 811 thc benefits #nd risks of ownasbip rcnjain with the lessor Are ¢har8ed to thc tnconK and ExFKnth'ture AcKouTrt as incurre UnT¢strictcd Funds are avoijable forwe ai th¢ disctetiOD of the Trusteth Restri(￿1 funds areto b¢vse41 in ac¢ordantt witrA specific restri¢ti(w irr4h)sed by dc00￿ (r wlucb Iw¢ b¢¢* Tris>l by th¢ ChaTity for Stocks are valued at the lower of Cost andlld rrnlisable valK using the f￿SkIn first-(￿ basis.

srATEMEFrf OF F￿AN IALA JnYc5tments held at the baJancc shttt d ar¢ the beaditig of Fixed Assets 8tkl have been ststed at Matket Vakuc at Ba]snce Shcct De. (8)

cox PwTh. Fiitg5 Btyildi At lit Ar￿1 2023 Additims D15posai8 At 31￿ March 2024 318.011 3.450 166.052 489.513 318.01 5.450 166,712 49).173 At 1st April 2023 DA$pr￿[S Cbw 2tr2314 At 318t Mw¢b 2024 217,055 5.450 133.(pXI 355,595 7.369 224.424 5,936 139,026 13 J05 368,￿) 5.450 At l&1 April 2023 At 31st Match 2024 ICQ,9S6 93.587 32.962 27,686 133,918 121,273 2024 Valuation COIFCh•riti¢8 D¢pxit Flu BlackRo¢k Charities UK Fund 73,016 6,018 26.018 79.199 In the Lwiuion of the Tn￿$ the IF￿¢ fi8w¢s re￿¢￿0*41 the w￿￿tiOn1 ofth¢ above iDvc4¢ments at 31M Marcb 2024. 2024 2023 Stockh¢ld forr¢s•]e 665 TO Trnd¢D¢btor8 VAT Trepa￿￿e￿ts R￿hargeS 5.016 5J86 1373 1.612 ,023 7.198 (9)

41 2024 CREDrro oun Trade Creditors VAT 1.454 767 1.917 1.31 6.015 1.814 3.436 15.249 Deposi¢S hehl RJWM Other Creditors 500 8541 4512 11,680 2024 2023 Royal Borough of Wind8OT & Maidenbewj .. Premi5as Cost Cootributioll Cipithi Equipmeni Cox CJre¢n Con]mity A8so¢iatiOTL' 12.539 12,539 10.056 4.527 SC lttfldtion Support Cox Green Parish COU￿11.. 1,0 2.5(Kl 54 DonaliO]J5 from individuals DonAtion4 froth ottker eh8riti io 10 250 250 10 Bar s￿¢s Hall Hift to Non.loca] U5¢r5 Other Fllndrai8ing A¢tiviti¢8 5,473 2.110 2.938 10,521 5.473 2.110 5276 3.105 TMENT IN ME BlackR￿k a￿ltIeS UK Bond COIF Chariiies Dep081t Fm CAF Fixed IDt¢rest Fund Otlw BaTrk Inleresi 250 3,016 230 3,016 154 239 3591 3591 6,857 (io)

THE FINANCIAL STATEMENT R THE YEAR ENDED 31 1 MAR H 2024 10. LYCOME FROM CllARITABIE TIVIT 2024 Totsi 2023 Totsl 610 610 Elltry Fees aud Sundry Jll¢oroe: 2.622 107.974 5.622 111,822 Pre.School Hir¢ of Facilities to Local UsetB: 107,974 3.480 J7,369 152,055 3,095 36,878 158.368 37.369 41.459 110,596 Profit on Di5po8a] of Awts Sub8cription5 Hir¢ of F4¢ilities Summ¢T Camp PrtrS¢lx￿l 610 40.849 610 40,849 2,622 107974 152055 951 39,973 S,622 111.822 158,368 107.974 110596 41.459 Cost of S&l¢s Wages & S818Ti¢8 D¢preeiation Other Direct Costs Allo¢ated CoBts {S¢e Note 16) TotNI BarC05ts Hall HI￿ Allocated Costs (S¢¢ Nrte 17) Adveni$iti8 8nd Publiciry 2.502 570 50 2,502 570 50 180 3,047 6.349 2,780 2,037 825 50 165 2,721 5,798 3,686 3,047 6J49 2.145 636 8,494 1.479 9.973 10,678 (11)

NOTES TO THE FINAN TATE FO THE YEAR ENDED 31 MAR 2024 2023 ARfTABLE AC Wages Sat*ri¢s Training Materials aTKI Cottsllbmblcs Repairs and Equipment 88.432 211 88.¢32 211 93,t29 241 2J58 1.205 620 2J58 1205 620 2.104 2.668 864 597 3,025 A¢tivid¢s and Sunthi¢8 D¢Ertciation Allocaied Costs (See Notes 16 & IT)- Mana8ement and AdminiBtration Facilitie8 2,104 984 7.110 34.123 137 147 7,110 6.348 40.478 177,625 . CHARJTAFILE HI￿ of Facilities Surnm￿ 40.478 16.919 3.688 116,540 137.147 57397 3,688 116.540 177625 47,910 9,143 113.731 40.478 EMENT ADMINIS Wagcs Ind SalaTi Po5ta84 Stationery, T¢l¢pl￿& fjlld Copyng DepTcciatLI)11 36.711 lJ87 32,429 968 S69 2.530 40,628 36275 Allocaied to '. Swntller Camp Pre4thorJl Totsl ChaTitsble C[￿ts 1.015 892 5,925 6.818 2.678 7.110 3,047 36,275 Administr4tive Stsff on the Cetttre'8 vwiovs ac¢xvits8 (12)

17. 2024 2023 Totsl Wa8es Materials atEd C4)L￿[￿abkS 2.677 J.808 11.945 1,584 14,414 2.010 12271 1.876 1.522 7,652 1,563 11,531 2.033 12.709 528 27.2(J6 Renrand Rates Lighting &nd HeAting D¢preci&tioft Other Costs Allocated M&na8ement and Admin Co8 77,383 Alloeaied to '. Fund GeneratiDg Activiti￿ '. H411 Hire to non-L(Kal Us¢rs R¢6tricted Reserves Cbaritsble Activities .' Hall Hire to Loc41 U8¢rfj Pre s¢]￿01 Sumiw Caryi Ch8rit•bl¢ Ac¢ivi¢ies 2,780 4,916 3.686 4,872 52,481 16,580 626 69,687 43,037 13.258 58.057 77J83 66,615 F￿111￿¢8 Costs are allocated on the bfy8i8 of Hall HAtt ch￿ at tho CtthttS￿bl1thCd (13)

COX GREEN OF FtNLNCIAL A 1ST MARCH 2024 Their wages and saI￿leS attd other ¢0sts as tollow5". 2024 2023 Waw and Saiarle8 Social Security Cogts Pensic 124.312 1,923 125.581 1215 1,4S5 128251 127,789 No remunerAtion wo8 paid to the Tnmtres thrriD8 thr (2023 . £Nil), norwere any T￿￿e¢s. expetues reimbursed (2023 . £Nil). Li8bility insUfW to £519 (2023 . £519). Th¢r¢ w¢r¢ YK• nuterial ¢ontiti8ent liabilitie8 tt 31# 2024. At Jl. March 2024 the Cljarity Iwl N) eontsnikn¢rts uDdern(Mw¢￿IIabk lea8es12023.' Nil). Methrsbip of the Board of Tntstees attd the VOlith¥ poofthw¢ m¢rnkn is split W￿l]Y between the Cox Grt¢n COmn￿ty Associ￿10￿ the Dio¢ese of Oxford {thr￿gh the Church of the Good Shepherd). and the Royal Boroug￿ And these partie8 could be de¢med to be in a P)%iti1￿ to cxuciBe signifiwt influence over th¢Centre's affairs. lo¢om¢ re￿Ived fromthe8e PArti¢s 1$ dilo%d not&5 7 al￿ 10. and the all￿U￿ts owed to the Royal Borough 4t 31st M4r¢& 2024 are shown iti note 6. Thur wrrc no other si8BificaNt trwactioJLS b¢ttY¢¢D th¢ C¢ntr¢ and these pthies. (14)