CHARITY REGISTRATION NUMBER: 304343
North Oxford Association
Unaudited Financial Statements
31 March 2024

North Oxford Association
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial posilion
Notes to the financial statements

North Oxford Association
Trustees, Annual Report
Year ended 31 March 2024
The trustees present their reporl and the unaudited financial statements of the charity for th8 year
ended 31 March 2024.
Reference and adminisirative details
Reglstered charlty name
North Oxford Association
Charity regislration number
304343
Prlnclpal offlce
Diamond Place
Summertown
Oxford
OX2 7DP
The trustees
Mrs J Field
Mrs S Van Noorden
Mrs M Shannon
Mr M Heaton
Mrs P Eyton
Mrs A Taylor
Ms S Levete
Mr A Holman
Mr C Fletcher-campbell
(Appointed 8 December 2023}
Independent examlner
N J Cadwallader FCCA
For and On Behalf of
David Cadwallader & Co Limited
Suite 3 Bignell Park Barns
Cheslerlon
Bicester Oxon
OX26 1TD

North Oxford Association
Trustees, Annual Report (Continued)
Year ended 31 March 2024
Structure, governance and management
The North Oxford Associalion constitution was originally adopied on the 23 October 1969. A revised
constitution was adopted on 19 November 2015. The Association is a registered charity and has been
in operation since 23 October 1969.
The Memorandum and Articles of Association govern the activities of the association and its
management is the responsibility ol the Trustees.
The selection of Trustees is designed to supplement the existing skills and expertise of the Board and
is governed by an informal skills assessment. Appointment of Trustees is made in accordance with the
Articles of Association. Trustees are trained in Iheir duties informally and inducted by their fellow Board
in the duties and responsibilities of a Trustee.
Rlsk Assessmenl
The Trustees of North Oxford Association recognise and accept their responsibility for ensuring that
risks to which the charily is exposed are reviewed and steps taken lo mitigate potential damage by the
use of appropriate preventative controls and corrective actions. They are aware ol the Charities SORP
issued in 2005 and accept the requirement, in relation to all aspecls of their work, for regular
assessment ol operating strengths and weaknesses. To this end the risk managemenl strategy
comprises an an annual review of Ihe iisks which the charity may face,. the eslablishmenl ol systems
and procedures lo miligate those risks identified., and the implementation ol procedures designed to
minimise any potential impact on the charity should any ol those risks materialise.
Objectives and aciivltles
Through its work North Oxford Association aims to achieve the following..
1. To promote the benefit of the inhabitants ol Oxford City in the area north of The Martyrs, Memorial
without distinction of race, sex or of political, religious or other opinions by associating the local
authorities, voluntary organisations and inhabitants in a common effort to advance education and to
provide facilities in the interest of social welfare for recreation and leisure time occupation with the
object of improving the conditions of life for the said inhabitants.
2. To establish or secure the establishment of premises for the benefit of the community.
We have referred to the guidance contained in the Charity Commission's general guidance on public
benelit when reviewing our aims and objectives and in planning our future activities.
Achlevemenls and performance
During the year the charity continued lo operate in line with lis chatitable objectives.
Details of the incoming resources are given in Notes 2-5 of the accounts.

North Oxford Association
Trustees, Annual Report (contlnued)
Year ended 31 March 2024
Flnanclal revlew
The Charity's trading results are shown on page 5.
In the year to March 2019, the last before Covid, hire income was £75,125. In the current year under
review, this had finally recovered to £76.160. Expenses, on the other hand were much higher in 2019
than now with resultanl annual losses ol some £10.000. Charity funds were some £54,000 at March
2021 and are now £57,534 after a surplus in the year under review of £9,217.
So, in my last report after almosl exactly 6 years as treasurer, l am now confident that NOA, led by our
current centre manager and supported by the remaining trustees and our new treasurer, has a good
future.
Plans for tuture periods
The Association has no plans at this time to subslanlially alter its activities.
The trustees, annual report was approved on 24 October 2024 and signed on behalf of the board of
trustees by:
Mrs M Shannon
Trustee
Chair

North Oxford Association
Independent Examiner's Report to the Trustees
Year ended 31 March 2024
I report to the trustees on my examination of the financial slatemenls of North Oxford Association {'Ihe
charitVI for the year ended 31 March 2024.
Responslbllllles and basis of report
As Ihe trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my exam ination of the charity's financial statements 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 seclion 145{5)(b) of the Act.
Independent examlner's slatement
I have completed my examination. I confirm that no material matters have come to my allention in
connection with the examination giving me cause to believe thal in any material respect..
accounting records w8re nol kept in respect ol the charity as required by seciion 130 of the
Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts sel out in the Charities (Account5 and Reports) Regulations 2008
other than any requirement thal Ihe accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with Ihe examinalion lo
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
N J Cadwallader FCCA
Independent Examiner
For and On Behalf of
David Cadwallader & Co Limited
Suite 3 Bignell Park Barns
Chesterton
Bicester Oxon
OX26 1 TD
O *oa4

North Oxford Association
Statement of Financial Activities
Year ended 31 March 2024
2024
Restricted
funds Tolal funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
Other income
1,498
81,076
1,970
6,902
1,498
81,076
1,970
6,902
91,446
7,597
70,771
130
2,096
80,594
Toial income
91.446
Expendlture
Expenditure on charitable activities
Total expendllure
82,229
82,229
82,229
83.925
82,229
83,925
Net Ineomel(expendlture) and net
movement in funds
9,217
9,217
13,3311
Reconclllallon of funds
Total funds brought forward
Total funds carrled forward
45,692
2,625
2,625
48,317
57,534
51,648
54,909
48,317
The statement of financial activities includes all gains and losses recognised In the year.
All income and expenditure derive from continuing aclivilies.
The notes on pages 7 10 14 form pavt of these flnancial statements.

North Oxford Association
Statement of Financial Position
31 March 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
14
362
1,199
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
276
10,573
58,278
69,127
313
5,678
50,616
56,607
Credltors: amounts falling due wllhln one year
Nei curreni assels
17
11,955
9,489
57,172
57,534
57,534
47,118
48,317
48,317
Total assets less current Ilabllllles
Net assets
Funds of Ihe charlty
Restricted funds
Unrestricted funds
2,625
54,909
57,534
2,625
45,692
48,317
Toial charlty funds
19
These financial slatements were approved by the board of trustees and authorised for issue on 24
October 2024, and are signed on behalf ol the board by..
cJkn
Mrs M Shannon
Trustee
Chair
The notes on pag8s 7 to 14 form part ol th8S8 flnancial statements.

North Oxford Association
Notes to the Financial Statements
Year ended 31 March 2024
General Information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is Diamond Place, Summertown, Oxford, OX2
7DP.
Statement ol compllance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities
SORP IFRS 1021} and the Charities Act 2011.
Accountlng pollcles
Basls ol preparatlon
Th& financial statements have been prepared on the historical cost basis, as modified by the
revaluaiion of certain financial assets and liabilities and investment properties measured al fair
value thfough income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgemenls and key sources ol estimaiion uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under ihe circumstances.
Fund accountlng
Unreslricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular fulure project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Incomlng resources
All income is included in the statement of financial activities when enlitlement has passed to the
charity, it is probable that the economic benelits associated wilh Ihe transaction will flow to Ihe
charity and the amount can be reliably measured. The following spocific policies are applied to
particular categories of income:
income from donations or grants is recognised when Ihere is evidence of entitlemenl to the gift,
receipt is probable and its amount can be measured reliably.

North Oxford Association
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounllng pollcles (contlntsedj
Incoming resources (contlnued)
legacy income is recognised when receipt is probable and enlitlement is eslablished.
income from donated goods is measured at the fair value of the goods unless Ihis is impractical
to measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facililies and services are recognised in Ihe accounts when received if the
value can be reliably measured. No amounts are included for the contribution ol general
volunleers.
income from contracts for the supply of services is recognised with the delivery of Ihe contracted
service. Where the supply is provided over a period of time, the income is recognised over the
period to which the contract relales. This is classified as unrestricted funds unless there is a
contractual requirement for it lo be spent on a particular purpose and returned if unspent. in
which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-
charitable trading activities, and the sale of donated goods.
expendilure on charilable aclivities includes all cosls incurred by a charity in undertaking
activities Ihal further its charitable aims for the benefil of its beneficiaries, including those
support costs and costs relating lo the governance ol the charity apportioned lo charitable
aclivilies.
other expenditure includes all expenditure that is neither related to raising lunds for Ihe
charity nor part of its expenditure on charitable aciivilies.
All costs are allocated to expenditure categories reflecting ihe use ol the resource. Direct costs
attributable to a single activity are allocated direciiy lo that activity. Shared costs are apportioned
belween the activities they contribute to on a reasonable, jLJStiliable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any langible assets carried al revalued
amounts are recorded at the lair value al the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the stalemenl of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses.
except to which it offsets any previous revalualion gain. in which case the loss is shown wilhin
other recognised gains and losses on the statement of financial activities,

North Oxford Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting pollcles (continued)
Depreclatlon
Depreciation is calculated so as to wrile off Ihe cost or valuation of an asset, less its residual
value. over the useful economic life of that asset as follows..
Equipment
20°/0 Straight line
Impalrment ot flxed assels
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairmenl testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made ol the recoverable amount ol the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generales cash inflows that largely independent of the
cash inflows from other assets or groups of asseis.
For impairment testing ol goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit Irom
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs lo complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the Stock to its present location and condition,
Flnancial Inslruments
A financial asset or a financial liability is recognised only when the charity becomes a party io the
contractual provisions of the instrument.
Basic financial instruments are inilially recognised al the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amorlised cost.
Where investments in shares are publicly Iraded or their fair value can otherwise be measured
reliably, the investment is subsequently measured al lair value with changes in fair value
recognised in income and expenditure. All other such inveslments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
Ihal is not a market rale, in which case the assel is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.

North Oxford Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounllng policies (continued)
Flnancial inslruments (conllnued)
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activilies. with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the slalement ol financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually lor impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount ol the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contrlbu15on plans
Contributions lo defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset lo the extent
that the prepayment will lead lo a reduclion in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months ol the end ol the
r8POrting date in which the employees Yender the related service, the liability is measured on a
discounted present value basis, The unwinding ol the discount is recognised as an expense in
the period in which it arises.
Donatlons and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
External donations
Internal donalions
638
860
638
860
6,039
1,558
6,039
1,558
1,498
1,498
7,597
7,597
Chariiable activltles
Unrestricted Total Funds Unrestricted Tolal Funds
Funds
2024
Funds
2023
Hire of facilities
Membership fees
Coffee shop income
Classes
76.160
565
1.362
2,989
76,160
565
1,362
2,989
81,076
66,997
464
736
2.574
66.997
464
736
2,574
81,076
70,771
70.771
10-

North Oxford Association
Notes to the Financial Statements fconllnued)
Year ended 31 March 2024
Invesiment income
Unreslricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
1,970
1,970
130
130
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Council energy contribution
6,902
6,902
2,096
2,096
Expendlture on charitable aciivities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
General Activities
Coffee bar
Courses
Support COSIS
72,849
4,847
2,938
1,595
72,849
4,847
2,938
1,595
82,229
75,216
3,703
2,800
2,206
75,216
3,703
2,800
2,206
83,925
82,229
83,925
Expendlture on charitable actlvllles by activlty type
Activities
undertaken
directly Support costs
Total funds
2024
Tolal fund
2023
General Activities
Coffee bar
Courses
Governance costs
72,849
4,847
2,938
72,849
4,847
2,938
1,595
82,229
75,216
3,703
2,800
2,206
83,925
1,595
80,634
1,595
10. Net Incomel{expendlture)
Nel incomellexpenditurel Is Slated after chargingl{creditingl:
2024
2023
Deprecialion of tangible fixed assets
837
1,115
11. Independent examlnatlon fees
2024
2023
Fees payable to the independonl examiner for:
Independent examination of the financial statements
990
990

North Oxford Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Employer contributions to pension plans
36,336
683
33.591
649
37,019
34,240
The average head count of employees during the year was 212023.. 31. The average number of
full-litne equivalent employees during Ihe year is analysed as follows..
2024
No.
2023
No,
Number of staff
No employee received employee benefits of more than £60,000 during the year12023'. Nil).
13. Trustee remunerallon and expenses
No remuneration or other benefils from employment with the charity or a relaled enlity were
received by the trustees
14. Tanglble fixed assets
Equipmenl
Total
Cost
At 1 Aprll 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Al 31 March 2024
16,394
16,394
15,195
837
15,195
837
16,032
16,032
Carrylng amount
Al 31 March 2024
362
362
At 31 March 2023
1,199
1,199
15. Stocks
2024
2023
Raw materials and consumables
276
313
16. Deblors
2024
2023
Trade deblors
Other debtors
10,400
173
5,548
130
10,573
5.678
12-

North Oxford Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Credilors: amounts falllng due within one year
2024
2023
Accruals and deferred income
Other creditors
4,745
7,210
3.611
5,878
11,955
9,489
18. Penslons and olher post reiirement beneflts
Deflned contrlbution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £68312023: £649).
19. Analysis of charltable funds
Unrestrlcted funds
Al
1 April 2023
Al 31 March
2024
Income Expenditure
General Fund
45,692
91,446
182,229)
54,909
At
1 April 2022
At 31 March
2023
Income Expenditure
General Fund
49,023
80,594
183,925}
45,692
Restricted funds
At
1 April 2023
At 31 March
2024
Income Expenditure
NOA Holiday Fund
2,625
2,625
At
1 April 2022
At 31 March
2023
Income Expenditure
NOA Holiday Fund
2,625
2,625
13-

North Oxford Association
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
362
66,502
(11,955)
54,909
362
69,127
{11,955)
57,534
2,625
2,625
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Nel assets
1,199
53,982
19,4891
45,692
1,199
56,607
19,4891
48,317
2,625
2,625
14-