CHARITY REGISTRATION NUMBER: 304343
North Oxford Association
Unaudited Financial Statements
31 March 2025

North Oxford Association
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

North Oxford Association
Trustees. Annual Report
Year ended 31 March 2025
The trustees. present their report and the unaudited financial statements of the charity for the year
ended 31 March 2025.
Reference and admlnlstratlve detalls
Registered charlty name
North Oxford Association
Charity registration number
304343
Principal offic8
Diamond Place
Summertown
Oxford
OX2 7DP
The trustees
Mrs J Field
Mrs S Van Noorden
Mrs M Sh8nnon
Mr M Heaton
Mrs P Eyton
Mrs A Taylor
Ms S Levet8
Mr A Holman
Mr C Fletcher-campbell
(Retired 26 June 2024)
Independent examlner
N J Cadwallader FCCA
For and On Behalf of
David Cadwallader & Co Limited
Suite 3 Bign811 Park Barns
Chesterton
Bicester Oxon
OX26 1TD

North Oxford Association
Trustees. Annual Report (Gontlrtuedj
Year ended 31 March 2025
Structure, governance and management
The North Uxford Association constltutlon was originally adoplgd uii the 23 October 1969. A revised
constitution was adopted on 19 November 2015. The Association is a registered charity and has been
in oporation sinc8 23 October 1969.
The Memorandum and Articles of Association govern the aclivities of the association and its
managem8nt is the responsibility of the Trust8es.
The selection of Trustees is designed lo supplement the exisling skills and expertise of the Board and
is governed by an informal skills assessment. Appointment of Truste8s is made in accordance with the
Articles of Association. Trustees are Irained in their dulles informally and inducted by their fellow
Board in the duties and responsibilities of a Trustee.
Rlsk Assessment
The Trustees of North Oxford Association recognise and accept their responsibility for ensuring that
risks to which the charity is exposed are reviewed and steps taken to mitigate potential damage by the
use of approprlate preventative controls and corrective actions. They are aware of the Charities SORP
15sued in 2005 and accept the requirement, in relation lo all aspec15 of their work, for regular
assessment of operating strengths and weaknesses. To this end the risk management strategy
comprises an annual review of the risks which the charity may face; the establishment of systems and
procedures lo mitigate those risks identified., and the implementation of procedures designed to
minimise any potential impacl on the charity should any of those risks malerialise.
Objectlves and activities
Through its work North Oxford Association aims to achieve the following:
1. To promote the benefit of the inhabitants of 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
aulhorilies, volLsnlary organisations and inhabilanls in a common effort to advance education and to
provide facilities in the interest of social welfare for recreation and leisure time occupation wilh the
object of improving the conditions of life for Ihe said inhabitants.
2. To establish or secure the establishment of premises for the beneflt of the communlly.
We have r8f8rred to the guidance contained In the Charlty Commission's general guidance on publSc
benefit when reviewing our aims and objectives and in planning our future aclivilies.
Achievements and performance
During the year the charity continued lo operate in line wilh its charitable objectives.
Details of the incoming resources are given in Notes 2-5 of the accounts.
Financial review
The Charity's trading results are shown on page 5.
In 2024-25, profit was £6,221. This shows that the recovery from the Covid period has continued and
the Iruslees expect the financial position to continue to be satisfactory provided the level of hiring is
maintained.

North Oxford Association
Trustees. Annual Report (contlnu•dJ
Year ended 31 March 2025
Plans for future periods
The Association has no plans at this time to substantially alter ils actlvities.
The truslees, annual report was approved on 17 September 2025 and signed on behalf of the board of
Iruslees by-.
Mrs M Shannon
Trustee
Chair

North Oxford Association
Independent Examiner's Report to the Trustees
Year ended 31 March 2025
I report to the partners on my examination of thè financial statements of North Oxford Association ('the
charily'l for the year ended 31 March 2025.
Responsibilities and basis of report
A5 the partners of thp. r,harily you are responsible for th8 preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examinalion of the charity's financial statements Garried oul under section 145
ol the 2011 Act and in carrying out my 8xamination I have followed all the applicable Directions given
by the Charity Commission under section 145(51(bl of the Act.
Independent examlner's statement
I have completed my examlnation. I confirm that no material matters have coma to my attention in
connection with the examination giving me cause to believe that in any malarial respect..
accounting r8cords were not kept in respect of the charlly as required by s8Ction 130 of Iha
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 set out in the Charitles (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'lrue and fair, view which is nol a
matter considered as parl of an independent examination,
I have no concerns and have come across no other matters in connection wilh the examination to
which allenlion should b8 drawn in this report in order lo 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
Bicesler Oxon
OX26 1 TD

North Oxford Association
Statement of Financial Activities
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacias
Charitable activities
Investment income
Oth8r income
(88)
76,697
1,940
(88)
76,697
1,940
1,498
81,076
1,970
6,902
Total Income
78,549
78,549
91,446
Expendltur•
Expenditur8 on charitable activi118S
Total expenditure
72,328
72,328
82,229
72,328
72,328
82,229
Net Income and net movement In funds
6,221
6,221
9.217
Raconclllatlon of funds
Total funds brought forward
Total funds carried forward
54,909
61,130
2,625
57,534
63,755
48.317
2,625
57,534
The slalement of financial activities includes all gains and losses reco9nised in the year.
All income and expenditure derive from conlinulng activities.
The notes on pages 7 to 14 form part of these financlal statements.

North Oxford Association
Statement of Financial Position
31 March 2025
2025
2024
Noto
Fixed assets
Taiigible fixed a5se15
14
151
362
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
75
9,280
66,153
276
10,573
58,278
75,508
69,127
Credltors: amounts falling due wlthln one year
Net current assets
17
11,904
11,955
63,604
57,172
Total assets less current liabllltles
63,755
57,534
Net assets
63,755
57,534
Funds of the charlty
Restrlcted funds
Unr8Stricted funds
2,625
61,130
2,625
54,909
Total charlty funds
19
63,755
57,534
These financial statements were approved by the board of trustees and authorised for issue on 17
September 2025, and are signed on behalf of the board by..
Mrs M Shannon
Trustee
Chair
The notes on pages 7 to 14 fomi part of theso flnan¢lal stateménts.

North Oxford Association
Notes to the Financlal Statements
Year ended 31 March 2025
General Informatlon
The charity is a publiG benefit entity and a registered charity in England and Wales and is
unincorporated. The address of th8 principal office is Diamond Place, Summertown, Oxford. OX2
7DP.
Statement of compliance
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 Stalemenl of
Recommended Practice applicable to charities preparing Iheir accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accountlng pollcles
Basis of preparatlon
The financial statements have beén prepared on the historical cost b8sls, as modified by th8
revaluation of cert8ln flnancial assets and Ilabillties and investment propertles messured al fair
value through income or 8xpenditur8.
The financial slalemenls are pr8pared in sterling, which is the function81 currency of the enlity.
Going concern
There are no material uncertainties about the charity's ability lo continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements reouires management lo make judgemenls,
estimates and assumptions that affecl the amounts reported. These eslimales and judgements
are continually reviewed and are based on experience and other faclors. including expeclalions
of future events Ihal are believed lo be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use al the discretion of the trustees to further any of the
harity's purposes.
Designated funds are unreslricted fund5 earmarked by the partners for particular future 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 inlo one of two sub-classes- restricted income funds or
endowment funds.
Incoming resources
All income is included in the statement of financial activities when enlillement has passed to the
charity. it is probable that the economic benefits associated with the transaction will flow lo the
charity and the amount can bo reliably measured. The followillg specific policies are applied to
particular categories of income..
income from donalions or grants 15 recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.

North Oxford Association
Notes to the Financial Statements {contlnuod)
Year ended 31 March 2025
Accounting pollcies (conllnu6dJ
Incomlng resources Iconllnued)
legacy income is recognised when receipt is probabla and entitlemant Is established.
income from donated goods is measured at the fair value of the goods unless this is impractical
to measure reliably, in which case the value is derived from the cost lo the donor or the
estimated resale value. Donated facilities and servicas are recognised in the accounls when
received if th8 value can b8 reliably measured. No amounts are included for the contribution of
general volunteers.
income from contracts for the supply of services is recognised with the d81ivery of the
contracted service. Where the supply is provlded over a period of tSme, the income is recognised
over the period to which the contract relates. This is classified as unreslricled funds unless Ihere
is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in
which case it may be regarded as restricted.
Resource8 expended
Expenditure Is recognised on an accruals basis as a liability is Incurred. Exp8nditure includes any
VAT which cannot be fully recovered, and is classified under headings of the slalement of
financial activitios to which it relates..
expenditure on raising funds includes the costs of all fundraising aclivilies, evenls,
non-charilable trading aclivilles. and the sale of donated goods.
expendilure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure Ihal is neither related lo raising funds for Ihe
charity nor part of Its expenditure on charitable activities.
All costs are allocated to expendilure categorSes reflecting the use of the resource. Direcl cos15
altributable to a single activity are allocated directly lo that activity. Shared costs are apportioned
between the activities they contribute lo on a reasonable, justifiable and conslstenl basis.
Tanglble assets
Tangible assets are inllially r8corded at cost, and subsequently staled at CDSI less any
accumulated depreciation and impairment losses. Any tangible a5sels carried at revalued
amounts are recorded at the fair value al the date of revaluation less any subseqvenl
accumulated deprpciation and subsequent accumulated impairment losses.
An increase in the carrying amounl of an a5sel as a result of a revalualion, is recognised in other
reGognised gains and losses, unless It reverses a charge for impairment that has previously been
recogni5ed as expenditure within Ihe slalement of financial activities. A decrease in the Garrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except lo whiGh it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activlties.

North Oxford Association
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accountlng polieles (continued)
Depreciation
Depreciation is calculaled so as lo write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Equipment
20 % straight line
Impairment of fixed assets
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 d8t8.
For the purposes of impairment testing, when il is not possible to estimate the recoverable
amount of an individual ass81, an estimate is made of the recoverable amount of Ihe
cash-generating unit to which th8 assel belongs, The cash-generating unit is the smallest
identifiable group of assets that Includes the asset and generates cash inflows that largely
independent of th8 cash in*lows from other assets or groups of assels.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generaling units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of Ihe charily
are assigned to those units.
StoGks
Stocks are measured al the lower of cost and estlmated selling price less costs lo complete and
sell. Cost includes all cosls of purchase, costs of conversion and other costs incurred in bringing
the stock lo its present location and condition.
Financial Inslruments
A fSnancial asset or a financlal liability is recognised only when the charity becomes a party lo the
contractual provisions of the inslrumenl.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequenlly measured al the cash or other
consideration expected lo be paid or raceived and nol discounted.
Debt instruments are subsequently measured al amortised cost.
Where investments in shares are publicly traded or their fair value can othetwise be measured
reliably, the investment is subsequently measured al fair value with changes in fair value
recognised in income and expenditure. All olher such investments are subsequently measured at
cost less impairment,
Olher financial inslruments, including derivatives. are initially recognised al fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of inleresl
that is not a market rate, in which case the asset 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 Ihe Financial Statements (continuod)
Year ended 31 March 2025
Accounting pol icies (¢antlnuod)
Flnanclal Instruments fcontlnu•d)
other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Flnancial assets that are measured at cost or amortised cost are reviawed for objective evidence
of impairment at the end of each reporting date. If there is objoctive evidence of impairment, an
impairment loss is recognised under the appropriate he8ding in the statament of financial
activities in which tha initial gain was recognised.
For all equity Instruments regardless of slgnificance, and other financial assets that are
individually significant, these are assessad individually for 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, lo the extent that the reversal does not
r8sult in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognis8d.
Defined contrlbution 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 paymanls or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basls. The unwinding of the discount is recognised as an expense in
Ihe period in which il arises.
Donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Donatlons
External donations
Internal donation5
(954)
866
(954)
866
638
860
638
860
1881
(881
1,498
1,498
Charitable actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Hire of facilities
Membership fees
Coffeè shop income
Classes
72,190
476
1,445
2,586
72,190
476
1,445
2,586
76,160
565
1,362
2,989
76,160
565
1,362
2,989
76,697
76,697
81,076
81.076

North Oxford Association
Notes to the Financial Statements (conllnued)
Year ended 31 March 2025
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank intarest r8ceivabla
1,940
1,940
1,970
1,970
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Council energy contribution
6,902
6,902
Expendlture on Charllable actlvltles by fund type
Unr8strlcted Total Funds Unrestrlcted Total Funds
Funds
2025
Funds
2024
General Actlvitles
Coffee bar
Courses
Support costs
66,746
1,185
2,900
1,497
66,746
1,185
2,900
1,497
72,849
4,847
2,938
1,595
72,849
4,847
2,938
1,595
72,328
72,328
82,229
82,229
Expenditure on charitable activitie5 by activlty type
Activities
undertaken
directly
Support Total funds
costs
2025
Total fund
2024
General Activi15es
Coffee bar
Courses
Governance costs
66,746
1,185
2,900
66,746
1,185
2,900
1,497
72,328
72,849
4,847
2,938
1,595
1,497
70,831
1,497
82,229
10. N•t incom•
Net income is stated after chargingl(crediting}:
2025
2024
Depreciation of tangible fixed assets
388
837
11. Independent examination fees
2025
2024
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,014
990

North Oxford Association
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
12. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Employer contributions to pension plans
37,393
736
36,336
683
38,129
37,019
The average head count of employees durlng th8 year was 2 (2024: 21. The average number of
full-lime equivalent employees during the y8ar Is analysed as follows..
2025
2024
No.
No.
Number of staff
No employee recelved employee beneflts of more than £60,000 during the year12024'. Nill.
13. Trustee remuneratlon and expenses
No remuneration or olhar benefils from employment wlth the charity or a related enlSty were
received by the trustees
14. Tanglble fixed assets
Equipment
Total
Cost
Al 1 April 2024
Additions
16,394
177
16,394
177
At 31 March 2025
16,571
16,571
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
16,032
388
16,032
388
16,420
16,420
Carrying amount
At 31 March 2025
151
151
At 31 March 2024
362
362
15. Stocks
2025
2024
Raw materials and consumables
75
276

North Oxford Association
Notes to the Financial Statements (conllnu8d)
Year ended 31 March 2025
16. Debtors
2025
2024
Trade debtors
Other debtors
9,131
149
10,400
173
9,280
10.573
17. Creditors: amounts falllng due within one year
2025
2024
Accruals and deferred income
Other cr8ditors
5,228
6,676
4,745
7,210
11,904
11,955
18. Penslons and other post retlrement beneflts
Deflned contribution plan8
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £736 {2024- £683).
19. Analysls of charitable funds
Unrestricted funds
At
31 March 20
25
Al
1 April 2024
Income Expenditure
General Fund
54.909
78,549
(72,3281
61,130
Al
31 March 20
24
At
1 April 2023
Income ExpendSlure
General Fund
45,692
91.446
(82,2291
54,909
Restricted funds
At
31 March 20
25
At
1 April 2024
Income Expenditure
NOA Holiday Fund
2,625
2,625
Al
31 March 20
24
At
1 April 2023
Income Expenditure
NOA Holiday Fund
2,625
2.625

North Oxford Association
Notes to the Financial Statements (contlnuod)
Year ended 31 March 2025
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangibl& fixed assets
Current assets
Creditors less than 1 year
Net assets
151
72.883
{11,9041
61,130
151
75,508
(11,904)
63,755
2,625
2,625
Unrestrlcted
Funds
Rostricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Nat assets
362
66,502
111,955)
54,909
362
69,127
111,955)
57,534
2,625
2,625